Latest / Early Edition with Ryan Bridge / Full Show Podcast: 24 June 2026

Transcript

Full Show Podcast: 24 June 2026 · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: The issues, the interviews and the insight. Ryan Fridge on
• 0:05
  Speaker 1: an early edition with Spark for business technology that keeps
• 0:08
  Speaker 1: business moving, news talks.
• 0:10
  Speaker 2: There'd be good.
• 0:11
  Speaker 3: Morning at a six half to five. Great to have
• 0:13
  Speaker 3: your company. We've got a tech stocks sell off happening
• 0:15
  Speaker 3: right now. We'll tell you more about that shortly. Rogue
• 0:18
  Speaker 3: states could they cripple the world's internet with AI's cyber
• 0:21
  Speaker 3: attacks in months not years? There's a five eyes warning
• 0:24
  Speaker 3: about that, Gavin in the UK for US, and we'll
• 0:27
  Speaker 3: look at long term acc claims. They're actually for the
• 0:30
  Speaker 3: first time in years, not growing.
• 0:34
  Speaker 1: The agenda.
• 0:35
  Speaker 3: Wednesday, twenty fourth to June bloody hot in Europe right now. Spain,
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  Speaker 3: Italy have been hit hard. France the hottest day on record.
• 0:42
  Speaker 3: They're forty four point three degrees PM says forty people
• 0:48
  Speaker 3: have drowned because of the heat wave related deaths. Are
• 0:51
  Speaker 3: saying it's going to be really hot tomorrow and like
• 0:53
  Speaker 3: a hat and needs some fans. How are you feeling
• 0:56
  Speaker 3: about the fact that you're not at school today? I
• 0:58
  Speaker 3: think you're weird. If they really active, Yeah, Gross Starmer's
• 1:03
  Speaker 3: had a secret meeting with Andy Burnham.
• 1:05
  Speaker 4: It looks as though there's kes starmer in the eyes
• 1:08
  Speaker 4: of the Burnham camp is rushing things to make mister
• 1:13
  Speaker 4: Burnham rather underprepared for the job, not that well briefed
• 1:18
  Speaker 4: on the economy, on defense, on foreign affairs, all those
• 1:21
  Speaker 4: sorts of issues. So it will have been a pretty
• 1:24
  Speaker 4: tense and probably quite bad tempered meeting.
• 1:27
  Speaker 3: Speaking of that type of character, Trump Hairs reacted to
• 1:30
  Speaker 3: Starmar's the rexig nation.
• 1:32
  Speaker 5: They told him he's a very nice man and he's
• 1:34
  Speaker 5: sort of a friend of mine.
• 1:34
  Speaker 2: I mean, he was not.
• 1:35
  Speaker 6: Good to us with NATO Pepe.
• 1:37
  Speaker 1: He said, we can't use the island to land elas
• 1:40
  Speaker 1: the first for a couple of weeks he said, well,
• 1:43
  Speaker 1: but ultimately I gave it to You know, that was
• 1:45
  Speaker 1: a bad move.
• 1:46
  Speaker 7: That hurt him badly.
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  Speaker 2: But I mean I wish him well.
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  Speaker 6: But he's got two problems, energy and immigration and crime.
• 1:53
  Speaker 3: But energy and immigration three problems. Now, Nancy Guthrie, this
• 1:58
  Speaker 3: is the case. Her daughter is the famous newsreader over
• 2:01
  Speaker 3: in America, and she went missing, still missing. It's been
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  Speaker 3: revealed there was a second ransom note. We had the
• 2:07
  Speaker 3: first one, we all knew about. A second one we
• 2:10
  Speaker 3: didn't know about until now, claiming that she died, already
• 2:14
  Speaker 3: died after the abduction.
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  Speaker 6: When you saw that firsthand back in February, some of
• 2:20
  Speaker 6: those videos that the Guthrie family put out, and by
• 2:24
  Speaker 6: the third video, the second one that Savannah put out,
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  Speaker 6: it was definitely a change in tone. It seemed like
• 2:31
  Speaker 6: she was talking to someone and it seemed like it
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  Speaker 6: did in fact that she was asking for the return
• 2:38
  Speaker 6: of her mother's body and remains very sad.
• 2:41
  Speaker 3: But how do they not catch this person anyway? First
• 2:44
  Speaker 3: ransom note wanted bitcoin, second one said it was unintentional
• 2:49
  Speaker 3: that she died, and they apologized to the family.
• 2:53
  Speaker 1: Get ahead of the headlines on early edition with Ryan
• 2:57
  Speaker 1: Bridge and Spunk for business Technology that keeps business moving,
• 3:01
  Speaker 1: News talks that'd be great to have your company.
• 3:03
  Speaker 3: Nine a half to five and nine two ninety two
• 3:06
  Speaker 3: is the number to text. Always love to hear from
• 3:08
  Speaker 3: you and read out your comments on it. Now, we'll
• 3:10
  Speaker 3: get to a couple of quick bits for you. First.
• 3:12
  Speaker 3: The west Pac McDermott Employment Confidence Survey. This is where
• 3:16
  Speaker 3: you go how confident are you about keeping your job?
• 3:19
  Speaker 3: How confident are you if you lost your job you'd
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  Speaker 3: find another job? How confident are you about the labor
• 3:24
  Speaker 3: market generally, which remember is very important because it's one
• 3:28
  Speaker 3: of the biggest indicators of how much you will go
• 3:30
  Speaker 3: out and spend. Therefore, how good is the economy. Well,
• 3:33
  Speaker 3: this particular report was absolutely crap. It fell by twelve
• 3:38
  Speaker 3: and a half points to eighty three point one. This
• 3:41
  Speaker 3: is for the June quarter, lowest reading for the survey
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  Speaker 3: since the thing began in September two thousand and four. However,
• 3:49
  Speaker 3: you must not panic because this was right in the
• 3:53
  Speaker 3: thick of Iran and the Middle East, So this is
• 3:56
  Speaker 3: a timing issue actual job adds. I'm putting this in
• 3:59
  Speaker 3: the you ignore folder because actual job ads, according to SEEK,
• 4:03
  Speaker 3: have remained stable across that time. The other thing I
• 4:06
  Speaker 3: want to talk to you about is the mortgage walls
• 4:08
  Speaker 3: that are going on fascinating Middle development. Here A and
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  Speaker 3: Z tried to pull a fast one hike their rates.
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  Speaker 3: This was back on June third hike their rates. Tried
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  Speaker 3: to sort of Trojan horse and come out ahead of
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  Speaker 3: the rest of the pack. They've now you tuned interest
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  Speaker 3: dot co dot Z does a great piece on this.
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  Speaker 3: Nobody followed them, and so now they've backed down one
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  Speaker 3: year rate back to matching ASBB and Z at four
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  Speaker 3: point sixty five percent a new two year rate five
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  Speaker 3: point two nine percent, still the highest, but the well
• 4:41
  Speaker 3: actually highest, equal with kiwibank. But the interesting thing about
• 4:45
  Speaker 3: all of this is that in between A and Z's
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  Speaker 3: original hike and today, the only other banks that have
• 4:54
  Speaker 3: moved up were TSB and SBS who cares. But importantly
• 4:59
  Speaker 3: and interest dot Com makes this point very well. Importantly,
• 5:03
  Speaker 3: Westpac cup their rates and the wholesale swap rates did
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  Speaker 3: not shift. So what that tells you is that competition
• 5:10
  Speaker 3: is alive and well in the banking sector. Ryan Bridge
• 5:14
  Speaker 3: five eleven, News TALKSB. Coming up next, we'll talk about
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  Speaker 3: retirement villages.
• 5:18
  Speaker 1: The early edition full show podcast on iHeartRadio, Power by
• 5:22
  Speaker 1: News Talks ab Ryan Bridge on early edition with Spark
• 5:28
  Speaker 1: for business Technology that keeps Business Moving News TALKSB five thirteen.
• 5:33
  Speaker 3: So few top tech stocks that have taken a bit
• 5:36
  Speaker 3: of a tumble over the last twenty four forty eight hours.
• 5:39
  Speaker 3: Look that you know, everyone always worries about the AI bubbles.
• 5:41
  Speaker 3: At some point bursting AI bubble pop watch is on
• 5:46
  Speaker 3: and there's that foul two percent. Europe stock six hundred
• 5:50
  Speaker 3: were down one point one percent. Shares an Asmil, that's
• 5:53
  Speaker 3: the Dutch chip maker. They were down as much as
• 5:56
  Speaker 3: seven point four percent overnight. South Korea's index fel by
• 5:59
  Speaker 3: ten percent during the trading day SpaceX for the third
• 6:03
  Speaker 3: consecutive day. We spoke about them yesterday, losing sixteen percent
• 6:06
  Speaker 3: of their value, now valued at around two trillion dollars.
• 6:09
  Speaker 3: I know, just two trillion, however, that is down to
• 6:12
  Speaker 3: a peak of three trillion on June sixteenth. Never fair,
• 6:17
  Speaker 3: mister Musk is going to be fined. Still trading twenty
• 6:21
  Speaker 3: dollars a year higher than their debut price, and he
• 6:24
  Speaker 3: is still a trillionaire and bread fourteen. So surprise election
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  Speaker 3: pledged from labor yesterday. The promised that retirement village residents
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  Speaker 3: will get their money back within three months of leaving
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  Speaker 3: if it's elected. There was a big signature big petition,
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  Speaker 3: forty thousand signatures went to Parliament. Here's hipkins.
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  Speaker 7: We will make sure the law has changed so that
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  Speaker 7: you get your money back within three months, and that
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  Speaker 7: all residents will get their money back as well, including
• 6:51
  Speaker 7: those who are currently in the villagers.
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  Speaker 3: Brian Pete, Retirement Village Residence Association National President, was at
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  Speaker 3: Parliament yesterday. Joins me this morning, Brian, Good morning.
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  Speaker 8: Good morning, Ryan, how are you very well?
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  Speaker 3: Thank you, you'll be pleased with that promise.
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  Speaker 8: Yesterday was massive, Rian, it really was. We've been pushing
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  Speaker 8: for this review of this Act for eight years and
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  Speaker 8: to hear that announcement from the Labor Party and yes
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  Speaker 8: they're in opposition, but was just huge. And this is
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  Speaker 8: what we've really been pushing for for our repayment of
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  Speaker 8: our moneys no longer than three months and it must
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  Speaker 8: apply to existing business. That's all we've ever asked for
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  Speaker 8: in this review of that and National or the coalition
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  Speaker 8: government now has to step up. That's the challenge because
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  Speaker 8: we're not going to give up on this review.
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  Speaker 3: Believe me, Ryan, Now I was led to believe that
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  Speaker 3: the coalition that is we're going to do twelve months.
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  Speaker 8: Yeah, you're right. So currently there's no date in the
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  Speaker 8: in the in the current Act for repayment of our
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  Speaker 8: dollars at all. So now the Coalition have suggested a
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  Speaker 8: twelve months time from max and timeframe of twelve months
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  Speaker 8: to repay our dollars, which is a step forward because
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  Speaker 8: they've never wanted a date ever. But we're saying, well, sorry,
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  Speaker 8: that's not good enough. We want the money no longer
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  Speaker 8: than three to four months, and it must apply to
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  Speaker 8: existing residents because currently the current proposal does not apply
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  Speaker 8: to us who are in villagers now, and it's just
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  Speaker 8: a discrimination. That's the worst scenario, and it's we just
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  Speaker 8: can't allow it to happen.
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  Speaker 3: Because your hand struck. But is there a problem because
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  Speaker 3: the other issue that it was raised with me about
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  Speaker 3: this is that the big operators and then there's the
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  Speaker 3: smaller operators and this if the smaller operators can't on
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  Speaker 3: sell the units, then they are potentially going to see
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  Speaker 3: themselves go bust.
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  Speaker 8: Well, there's no evidence of that ryan at all. And
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  Speaker 8: if the RBA, which is the parent body for most
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  Speaker 8: of the operators, if they can produce evidence that this
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  Speaker 8: will happen, they might have to listen to it. But
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  Speaker 8: there's no evidence whatsoever. Because New South Wales they've had
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  Speaker 8: legislation in place for twenty seven years. The operators must
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  Speaker 8: pay back and see months and there's no operator has
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  Speaker 8: failed because of it. And the other aspect is the
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  Speaker 8: average for repayment now is about six months, So why
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  Speaker 8: can't the government say, well, how about we do six
• 9:14
  Speaker 8: months and then we'll consider something along those lines. But
• 9:16
  Speaker 8: to say twelve months it's just not acceptable. And to
• 9:19
  Speaker 8: not apply to existing resident, it's just just awful.
• 9:22
  Speaker 3: Brian Pete, Retirement Village President Association, National President. Nice to
• 9:26
  Speaker 3: have you on the program this morning, Brian. It is
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  Speaker 3: seventeen after five.
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  Speaker 1: Ryan Bridge.
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  Speaker 3: It just seem a bit odd, doesn't it. I mean,
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  Speaker 3: if you get out and you're allowed to get out
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  Speaker 3: and you're no longer living there, and why wouldn't you
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  Speaker 3: get your money back? I don't know, it seems a
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  Speaker 3: bit odd to me, and so probably an easy vote getter.
• 9:48
  Speaker 3: I'm surprised actually that Winston hasn't jumped on that one already.
• 9:51
  Speaker 3: While we're on housing, just very quickly, a Queensland property developer.
• 9:54
  Speaker 3: You know we've been talking about Charmer's budget in which
• 9:56
  Speaker 3: they've gone evil developers, evil Lord's, evil property owners. Well
• 10:02
  Speaker 3: there's a Queensland property developer who is now abandoning plans
• 10:06
  Speaker 3: to develop affordable housing. I know, go figure. Government tax
• 10:10
  Speaker 3: changes have extinguished pretty much, they say demand. This is
• 10:15
  Speaker 3: despite them trying to retain negative gearing for newly built properties.
• 10:20
  Speaker 3: Not enough to keep them in business, they say, Now
• 10:23
  Speaker 3: this is interesting in our experience in low income suburbs.
• 10:27
  Speaker 3: A large number of local owner occupier buyers can't even
• 10:31
  Speaker 3: save one thousand dollars, let alone enough for a house deposit.
• 10:35
  Speaker 3: So what you have is a whole bunch of houses
• 10:37
  Speaker 3: not being built, affordable houses not being built in really
• 10:41
  Speaker 3: poor areas because of the changes, and that will mean
• 10:45
  Speaker 3: fewer rentals, and that will mean higher rents. So potentially
• 10:52
  Speaker 3: the policy makes the poor poorer. Taxes don't solve problems.
• 10:58
  Speaker 1: The early edition full the show pod asked on iHeartRadio
• 11:01
  Speaker 1: powered by Newstalks at B the news you need this
• 11:06
  Speaker 1: morning and the in depth analysis Early edition with Ryan
• 11:10
  Speaker 1: Bridge and Spark for Business Technology that keeps Business Moving
• 11:14
  Speaker 1: News TALKSB.
• 11:15
  Speaker 3: Five twenty one. We'll head to the UK. Starmer and
• 11:18
  Speaker 3: Burnham have had a we meeting on the sidelines, not
• 11:21
  Speaker 3: at number ten, but away from number ten. We'll talk
• 11:23
  Speaker 3: about that just before six this morning. Right now, a
• 11:25
  Speaker 3: new report ones ACC's focused on the wrong thing. Government's
• 11:29
  Speaker 3: halted a decade of decline on long term claims, but
• 11:33
  Speaker 3: the New Zealand Initiative reckons that's because support's being cut short,
• 11:37
  Speaker 3: not due to proven recovery. Kirsten Davy is President and
• 11:40
  Speaker 3: chair of Physiotherapy New Zealand joins us this morning. Kriston.
• 11:43
  Speaker 3: Good morning, Florena, Ryan. Good to have you on the show.
• 11:47
  Speaker 3: What do you make of this.
• 11:50
  Speaker 2: Look?
• 11:50
  Speaker 9: Return to work, a timely return to work is really important.
• 11:54
  Speaker 9: It's important for the patient, it's important for business, it's
• 11:57
  Speaker 9: important for the New Zealand economy. But as physiotherapist, what's
• 12:03
  Speaker 9: important for us for our patients is to make sure
• 12:05
  Speaker 9: that it is a safe and sustainable return to work,
• 12:10
  Speaker 9: and so we really need to be careful around those
• 12:14
  Speaker 9: performance measures and making sure that they are appropriate and
• 12:18
  Speaker 9: that the person's being able to access physiotherapy, rehab, get
• 12:22
  Speaker 9: the appropriate here and enter back into the workforce in
• 12:25
  Speaker 9: an appropriate and timely fashion.
• 12:27
  Speaker 3: Is this the long term claims Paul that you're talking
• 12:31
  Speaker 3: about or are you people who were just off for
• 12:33
  Speaker 3: a couple of weeks.
• 12:35
  Speaker 9: Oh, look, I think it's a combination. There's no doubt
• 12:38
  Speaker 9: that that long term's claim Paul did increase over a
• 12:42
  Speaker 9: period of time. There some of that was due to
• 12:45
  Speaker 9: the fact that ACC changed their case management system and
• 12:50
  Speaker 9: therefore they weren't sitting at the table, they weren't present
• 12:54
  Speaker 9: and involved as involved as they had previously. Been with
• 12:58
  Speaker 9: return to work, but it is also those people that
• 13:01
  Speaker 9: we're seeing currently who have had two or three.
• 13:04
  Speaker 2: Or four weeks off work.
• 13:05
  Speaker 3: Kristen, If I don't ever want to see you a
• 13:08
  Speaker 3: physiotherapist or see any physiotherapist in my life because you
• 13:12
  Speaker 3: Lord knows you don't, I've seen many of them because
• 13:14
  Speaker 3: of my mind back. But what sport do you? What
• 13:18
  Speaker 3: do you tell people they should do for exercise's what
• 13:20
  Speaker 3: are the best ones? So swimming is always good, isn't it?
• 13:23
  Speaker 9: I look, swimming's good, But we don't live in a
• 13:25
  Speaker 9: swimming pool, do we, And so we need to do
• 13:28
  Speaker 9: weight bearing exercises as well, walking resisted weights. Physiotherapists will
• 13:34
  Speaker 9: be about to advise you and give you a good,
• 13:36
  Speaker 9: safe and sustainable exercise program, Ryan, So you could go
• 13:40
  Speaker 9: in physic one is it?
• 13:43
  Speaker 3: What's the worst? Is it still CrossFit? People say CrossFit
• 13:46
  Speaker 3: was terrible for everyone's backs and legs.
• 13:49
  Speaker 9: And yeah, I think when you know, being a couch
• 13:53
  Speaker 9: potatoes not great and absolutely extreme sport is challenging and
• 13:59
  Speaker 9: that's where you're going to get those injuries that Swiss
• 14:01
  Speaker 9: physiotherapy needs to come in and be involved and help
• 14:06
  Speaker 9: you get back to your job, Brian, get.
• 14:09
  Speaker 3: On your kiss and thank you. Kiston Davy, President and
• 14:11
  Speaker 3: Chair of Physiotherapy in New Zealand. You could always do
• 14:13
  Speaker 3: CrossFit from the couch. There are literally onlines that you
• 14:17
  Speaker 3: can do it on YouTube CrossFit from your couch. So
• 14:21
  Speaker 3: a combination of the two worst things. Potentially twenty four
• 14:24
  Speaker 3: after five News Talks ZVB. We'll talk about that interview yesterday.
• 14:27
  Speaker 3: Next News Talk ZB twenty six minutes after five, So
• 14:31
  Speaker 3: let's talk about that weird interview yesterday. No, not the
• 14:34
  Speaker 3: one with Winston Peters, the one with Chris Hepkins. He
• 14:37
  Speaker 3: has planted labor in an almost impossible to justify and
• 14:41
  Speaker 3: position on New Zealand. Super heir me out on this.
• 14:44
  Speaker 3: This was yesterday on Rainbridge today on Herald Now I'm three.
• 14:47
  Speaker 3: Yesterday he said labor will not change the age of entitlement,
• 14:51
  Speaker 3: will not means test ended, super will not cut it,
• 14:55
  Speaker 3: will not touch it and will keep it full in.
• 14:57
  Speaker 3: Definitely big cool, big thing to say. We currently have
• 15:02
  Speaker 3: around four people working to support every pensioner. That will
• 15:06
  Speaker 3: be two workers for every pensioner within the next ten
• 15:09
  Speaker 3: to twenty years. Anyone with half a brain can see
• 15:12
  Speaker 3: this thing is not sustainable in full forever. And don't
• 15:16
  Speaker 3: get me wrong, I don't want to cut any more
• 15:17
  Speaker 3: than anyone else. I want to get the full entitlement
• 15:20
  Speaker 3: when I sixty five. Thank you very much, but I
• 15:22
  Speaker 3: know it's probably not going to happen. I recall following
• 15:26
  Speaker 3: Phil Goff on the campaign trail back in twenty eleven.
• 15:29
  Speaker 3: It was a hospital pass. He was all about making
• 15:32
  Speaker 3: the hard decisions for tomorrow today. That was his catch crime. Well,
• 15:36
  Speaker 3: Chippy is running from that motto quicker than Usain Bolton,
• 15:39
  Speaker 3: the pair of Nikes. What he's doing here is making
• 15:42
  Speaker 3: a pretty blunt political assessment. I reckon this will win
• 15:46
  Speaker 3: us some working class votes and keep us competitive with
• 15:48
  Speaker 3: Winston and National. He's going after laborers. He's going after
• 15:53
  Speaker 3: workers who are outside who can't wait till sixty five
• 15:57
  Speaker 3: to retire, let alone sixty seven. He's going after low
• 16:01
  Speaker 3: wage workers who can barely afford groceries right now, let
• 16:04
  Speaker 3: alone an extra three and a half percent on compulsory
• 16:07
  Speaker 3: KEI we saver. You could argue that this is smart politics,
• 16:10
  Speaker 3: pick a point of difference, hammer at home. The risk
• 16:14
  Speaker 3: for labor though here is massive because tax is there.
• 16:18
  Speaker 3: Achilles heel. Telling people you will keep an unterfaundable, expensive
• 16:22
  Speaker 3: universal program forever will leave them wondering, well, who's going
• 16:25
  Speaker 3: to pay for that? Who will be taxed next? And
• 16:29
  Speaker 3: once you add in the pay equity claims up to
• 16:32
  Speaker 3: thirteen billion dollars, the gap starts to look more like
• 16:36
  Speaker 3: well big black holes. Ryan Bredge times twenty nine minutes
• 16:40
  Speaker 3: up to five. Nice to have your company very quickly.
• 16:42
  Speaker 3: You know Australia, of course you do. It's right next
• 16:45
  Speaker 3: door to us. Actually, I was thinking this morning, if
• 16:48
  Speaker 3: Australia wasn't right next door to us, would any of
• 16:51
  Speaker 3: us visit? You know, like if it was if it
• 16:56
  Speaker 3: was swap Canada in Australia, would you go?
• 16:59
  Speaker 10: No, you would?
• 17:00
  Speaker 3: I mean who goes to Canada really, apart from a
• 17:02
  Speaker 3: few skiers anyway, horrible place, lots of bugs. And they've
• 17:07
  Speaker 3: found a new one, new species of spider which weaves
• 17:11
  Speaker 3: a catapult silk trap to snare an ant. Honestly, this
• 17:16
  Speaker 3: is the most horrifying story you will read today. It
• 17:18
  Speaker 3: builds a trap to kill its prey and some researchers
• 17:23
  Speaker 3: have spent ten nights in the rainforest in northern Australia
• 17:27
  Speaker 3: to find out. I can think of absolutely nothing worse
• 17:30
  Speaker 3: than that. News Talk said, Big Smart to the UK next.
• 17:35
  Speaker 1: The Early Edition Full Show podcast on iHeartRadio powered by
• 17:40
  Speaker 1: News Talks AB. Here at first, Ryan Bridge on Early
• 17:45
  Speaker 1: Edition with Spark for business Technology that keeps Business moving
• 17:49
  Speaker 1: News Talks B.
• 17:55
  Speaker 3: Twenty faraway from six year on news Talks B. The
• 17:58
  Speaker 3: AI rally has barticularly gone and reverse in recent days
• 18:02
  Speaker 3: and particularly overnight, so we've had the Nasdaq, which is
• 18:05
  Speaker 3: tech heavy index in the US, dropping by almost two percent,
• 18:11
  Speaker 3: and we've had South Korea they're down ten percent. That's
• 18:14
  Speaker 3: pretty much chip makers and Samsung are down there, and
• 18:18
  Speaker 3: people are just a little bit worried, just a little
• 18:19
  Speaker 3: bit jittery as they have been for some time now
• 18:22
  Speaker 3: about spending on AI and about the whole potential for
• 18:26
  Speaker 3: a bubble. But nothing, nothing to sort of freak out about.
• 18:31
  Speaker 3: We'll go to the UK find out what's happening with
• 18:33
  Speaker 3: Burnham and Starmer. They've had a wee meeting on the sidelines,
• 18:37
  Speaker 3: and we will also talk this morning about oh gosh,
• 18:41
  Speaker 3: what was it. We're also going to talk about cybersecurity
• 18:44
  Speaker 3: because there's a new report from five Eyes and they
• 18:46
  Speaker 3: reckon that within months, not years. And I don't know
• 18:50
  Speaker 3: how much weight do you give to reports like this,
• 18:53
  Speaker 3: but they reckon that within months not years, rogue actors.
• 18:56
  Speaker 3: Rogue states, you know, your North Koreas, your Russias could
• 19:00
  Speaker 3: have harvest AI and be able to cripple the wilds
• 19:05
  Speaker 3: Internet within months, not years. So I mean, are you
• 19:07
  Speaker 3: freaking out about that this morning? I'm not, but we'll
• 19:10
  Speaker 3: talk to someone to make sure we shouldn't be. It
• 19:12
  Speaker 3: is twenty three away from six Bridge b Let's go
• 19:16
  Speaker 3: to Collum in dned and Colum good morning morning right,
• 19:18
  Speaker 3: so council staff in south and getting a well copying
• 19:21
  Speaker 3: it here.
• 19:23
  Speaker 11: They are real concerned this into Cargo. Council staff faced
• 19:27
  Speaker 11: a spike of verbal abuse and threatening behavior last month.
• 19:31
  Speaker 11: Local Democracy reports there were twenty incidents involving employees, contractors
• 19:36
  Speaker 11: and members of the public at council facilities in May.
• 19:38
  Speaker 11: So this is in person. This is not even counting
• 19:40
  Speaker 11: online abuse. This is a big jump from the monthly
• 19:43
  Speaker 11: average of eleven point seven incidents and it's the highest
• 19:47
  Speaker 11: in the past twelve months. The end of Cargo Council says, look,
• 19:50
  Speaker 11: there's no specific cause, but staff are actively encouraged to
• 19:53
  Speaker 11: report any of this type of threatening or abusive behavior
• 19:56
  Speaker 11: that occurs on the job. And it comes ryan after
• 20:00
  Speaker 11: Police here also recently investigated a death threat made against
• 20:03
  Speaker 11: the White Tuckey District's council.
• 20:04
  Speaker 3: Oka.
• 20:05
  Speaker 11: How's the weather in Dneedin. We'll get some rain here today.
• 20:09
  Speaker 11: Reign developing so Westerly's and eleven nice one.
• 20:11
  Speaker 3: Thank you clear in christ this morning, Claire, good morning.
• 20:14
  Speaker 3: Did christ Church has big budget pass?
• 20:16
  Speaker 2: Yes?
• 20:16
  Speaker 3: Today?
• 20:17
  Speaker 12: Sure, Council is locked in this one point six billion
• 20:20
  Speaker 12: dollar annual plan. It includes a seven point three five
• 20:23
  Speaker 12: percent rates rise for the average household that works out
• 20:26
  Speaker 12: to be about six dollars a week. It also confirms
• 20:29
  Speaker 12: the day to day spending for council at one point
• 20:31
  Speaker 12: three seven billion dollars. That is more than forty two
• 20:34
  Speaker 12: million higher than what was drafted. And that's because of
• 20:38
  Speaker 12: this council commitment to funding restoration of iconic buildings like
• 20:43
  Speaker 12: the cathedral. Now, the reason that's controversial, of course, is
• 20:46
  Speaker 12: because council's promising all this money to the cathedral, it's
• 20:49
  Speaker 12: dependent on central government. We know that central government, or
• 20:52
  Speaker 12: at least Nikola Willis and Labor are both already saying
• 20:55
  Speaker 12: no regardless meyorfilm. Major says this is a collaborative effort.
• 20:59
  Speaker 12: It's a into complete document. He says they have been
• 21:02
  Speaker 12: able to strike a balance between community expectations and maintaining
• 21:06
  Speaker 12: a prudent approach to spending of ratepayers money.
• 21:09
  Speaker 3: How's your weather, Claire Party, cloudy.
• 21:11
  Speaker 12: And then the rain sets in this afternoon will be
• 21:13
  Speaker 12: heavy for a time, northeasterlyes and the high will be twelve.
• 21:16
  Speaker 3: Nice one. Thank you tobe'z Macintosh and Wellington to bears.
• 21:19
  Speaker 13: Good morning, Good morning Ryan.
• 21:21
  Speaker 3: These risking lives stealing train parts.
• 21:26
  Speaker 13: Yeah, so this is actually causing major disruption to Wellington's
• 21:29
  Speaker 13: rail network, delaying more than fifty services across the capital.
• 21:33
  Speaker 13: It's signaling components, cables and overheadlines that are being targeted,
• 21:38
  Speaker 13: presumed for its copper. As much as five kilometers of
• 21:42
  Speaker 13: live cable has gone missing from the Wild Upper Line
• 21:44
  Speaker 13: in the past six months. Police are warning of the
• 21:47
  Speaker 13: enormous risks of electrocution, all for a small return, with
• 21:51
  Speaker 13: Kiwi Rail saying the money pay for scrap cost is
• 21:54
  Speaker 13: very low and replacements are actually costing in the hundreds
• 21:57
  Speaker 13: of thousands of dollars. It's a problem that seems to
• 22:00
  Speaker 13: be contained to the Lower North, though the Rail and
• 22:03
  Speaker 13: Maritime Transport Union General Secretary Todd Balster says similar thefts
• 22:07
  Speaker 13: are happening in the Parniston North in Munuatu area, leaving
• 22:11
  Speaker 13: while additional work cost and risk for both staff and passengers.
• 22:16
  Speaker 3: Jeeves, how's your weather?
• 22:19
  Speaker 13: Yeah, mostly cloudy today, scattered rain developing in the evenings.
• 22:23
  Speaker 13: A couple of northeasterly seventeen How high in Wellington?
• 22:25
  Speaker 3: Yeah, you wouldn't. You wouldn't want to mess with those cables.
• 22:28
  Speaker 3: You must be desperate if you are to be as
• 22:30
  Speaker 3: thank you for that. Neveras in Auckland Morning.
• 22:32
  Speaker 2: Neva, good morning.
• 22:33
  Speaker 3: We got an abuse against Southern councilors and Auckland ones too.
• 22:37
  Speaker 14: Yes, that's right. Obviously this is after that historic seven
• 22:40
  Speaker 14: point nine percent rates increase. We do know that at
• 22:43
  Speaker 14: least two death threats have been referred to police. One
• 22:46
  Speaker 14: didn't meet the threshold for prosecution, but police spoke to
• 22:48
  Speaker 14: an Auckland man about it and Maya Wayne Brown blames
• 22:51
  Speaker 14: social media users and groups like rate Payers Alliance for
• 22:55
  Speaker 14: these social media posts calling out individual counselors of voting
• 22:59
  Speaker 14: for the rates hike, but then the Alliance spokesperson. That's
• 23:03
  Speaker 14: Jordan Williams. He's come out. He said, look, he's pointing
• 23:06
  Speaker 14: accusations of bullying at Brown's Auckland council. And actually while
• 23:10
  Speaker 14: you were away you probably didn't realize this, but this
• 23:12
  Speaker 14: they were made by councilor bow Burns against other members
• 23:15
  Speaker 14: of the council. She walked out of a couple of meetings,
• 23:18
  Speaker 14: you know with this the behavior, the bad behavior.
• 23:20
  Speaker 3: Yeah, I don't know if you're going to be in politics,
• 23:23
  Speaker 3: like especially local politics, expects some their threats like it's
• 23:27
  Speaker 3: not it's not nice. I've had them, You've probably had them,
• 23:30
  Speaker 3: and you know, everybody's head exactly, you're right, it's just
• 23:37
  Speaker 3: that's what happened. The thing is that how the people
• 23:39
  Speaker 3: actually going to do anything. It's like those hoaxesnid minute tomorrow.
• 23:45
  Speaker 10: Ryan's not here.
• 23:46
  Speaker 3: But you know the hoax that the hoax emails to
• 23:49
  Speaker 3: the schools, the bomb threats. Yesterday, all these kids evacuated,
• 23:53
  Speaker 3: mum driving to get little Johnny in the in the
• 23:56
  Speaker 3: minivan and then it's all nothing. Yeah, I don't know,
• 23:59
  Speaker 3: I don't know, I don't know about.
• 24:01
  Speaker 14: We'll see you here tomorrow, Rain here be at times, thunderstorms,
• 24:06
  Speaker 14: possible gusty northeasterlies, mikespig today hive seventeen here at Auckland really.
• 24:10
  Speaker 3: Didn't even thank you very much. We are live to London.
• 24:12
  Speaker 3: Next news talks.
• 24:13
  Speaker 1: EB International correspondence with Insigne Eye insurance, peace of mind
• 24:18
  Speaker 1: for New Zealand business.
• 24:20
  Speaker 3: It's called six. Let's go to Gevin Gray are UK.
• 24:23
  Speaker 3: You're a correspondent. So the French PM says forty people
• 24:26
  Speaker 3: have drowned already because of this heat wave there Gevin, yep.
• 24:30
  Speaker 15: And it's getting hotter and hotter. Ryan. So those figures
• 24:33
  Speaker 15: come from Thursday. The Prime Minister Sebastian lecorn New saying
• 24:37
  Speaker 15: that really people need to be very very careful. France
• 24:41
  Speaker 15: saw its hottest June day on record yesterday. Today is
• 24:45
  Speaker 15: looking like it might exceed that. And last night in
• 24:48
  Speaker 15: France the average minimum temperature was twenty one point six celsius,
• 24:54
  Speaker 15: unbearably hot. With half the country on a red alert,
• 24:58
  Speaker 15: France's Sports minister says two many are trying to cool
• 25:01
  Speaker 15: off in rivers and canals without necessarily taking their risks
• 25:04
  Speaker 15: into account, and take this as a point. Here among
• 25:06
  Speaker 15: the fatalities was a thirteen year old girl who'd gone
• 25:09
  Speaker 15: for a dip with her family in the River Seine,
• 25:11
  Speaker 15: although she did not know how to swim. There were
• 25:14
  Speaker 15: two other deaths on Monday, also blamed on extreme heat,
• 25:17
  Speaker 15: after children age two and four were found in their
• 25:20
  Speaker 15: family car in a car park in the southern city
• 25:23
  Speaker 15: of carpentrast So it's not just France though. Spain today
• 25:28
  Speaker 15: forecast at forty some talk that in the beautiful ancient
• 25:31
  Speaker 15: city of Cordoba it was possibly going to hit forty four. Italy,
• 25:37
  Speaker 15: Germany all reporting lives being lost. And here in the
• 25:40
  Speaker 15: UK we had a thunderstorm last night among all thunderstorms
• 25:44
  Speaker 15: in the heat, two hundred and ninety odd flashes of
• 25:47
  Speaker 15: thunder over the southeast of England.
• 25:49
  Speaker 3: All right, very very very hot. Indeed, Gevin, what about
• 25:52
  Speaker 3: England playing Ghana in the World Cup and UK criminals, well,
• 25:56
  Speaker 3: look out, you did not go on have a beer
• 25:58
  Speaker 3: at the pub.
• 26:00
  Speaker 15: No, indeed, so Ghana and England kickoff in just over
• 26:03
  Speaker 15: to just under two and a quarter hours now, Ryan,
• 26:07
  Speaker 15: But thousands of criminals in the UK have been fitted
• 26:10
  Speaker 15: with an electronic tag which senses when they're having alcohol.
• 26:16
  Speaker 15: How well, because it has senses that measure the wearer's
• 26:19
  Speaker 15: sweat to tell them if they've been drinking. And you think, well,
• 26:23
  Speaker 15: hang on a minute, you know why. Well, of course
• 26:25
  Speaker 15: alcohol fuels crime and anti social behavior. Evidence from here
• 26:29
  Speaker 15: in the UK and elsewhere shows violence spikes around major
• 26:33
  Speaker 15: sporting events. So often these offenders accused of perhaps one
• 26:37
  Speaker 15: unrelated crime to do unrelated to alcohol drinking. Some seven
• 26:43
  Speaker 15: three hundred have been fitted with these tags and they're
• 26:46
  Speaker 15: basically saying, yeah, your crime might have been about subject A,
• 26:50
  Speaker 15: but we still think you are prone to commit crimes
• 26:53
  Speaker 15: during an alcohol session, and therefore we have tagged you
• 26:57
  Speaker 15: with a special tag which checks on where you're drinking
• 27:00
  Speaker 15: alcohol or not. So for those people watching the game tonight,
• 27:04
  Speaker 15: dream keep it clean, I reckon rhyme nice one.
• 27:07
  Speaker 3: Gavin Gray Are UK europe correspondent. It is twelve to
• 27:09
  Speaker 3: six brand so the world's latest AI models, which we've
• 27:13
  Speaker 3: been talking about on the show for some time. They
• 27:15
  Speaker 3: are apparently going to pose quite a major threat to
• 27:18
  Speaker 3: national security. How do we know this, Well, there's been
• 27:21
  Speaker 3: a joint statement and it's rare that they do this
• 27:23
  Speaker 3: from the cyberchiefs of the five Eyers Nations, which includes
• 27:27
  Speaker 3: the Wink New Zealand. They say within a matter of months,
• 27:31
  Speaker 3: not years, months not years, these new AI models like
• 27:36
  Speaker 3: Anthropics and Mythos could be used to hack government and
• 27:39
  Speaker 3: other organizations safety systems. Nadia Usef, cybersecurity expert, New Zealand
• 27:43
  Speaker 3: country manager at CISOs lenses with me this morning.
• 27:46
  Speaker 2: Nadia, good morning, good morning, Thanks for having me.
• 27:49
  Speaker 3: How serious is this, like, within months not years, that
• 27:53
  Speaker 3: you know, some North Korea or whoever could use these
• 27:56
  Speaker 3: new models and cripple us.
• 28:00
  Speaker 2: It's you know, it's a quite concerning trend, of course,
• 28:04
  Speaker 2: and obviously it's keeping a lot of people awake at night.
• 28:08
  Speaker 2: The capabilities of new models are pretty pretty spectacular. They're
• 28:13
  Speaker 2: very impressive. But what I would say is the technology
• 28:16
  Speaker 2: that the attackers are able to access is the same
• 28:19
  Speaker 2: as the technology that we're the defenders are able to access.
• 28:22
  Speaker 2: And I think that's an important thing to keep in mind.
• 28:24
  Speaker 2: You know, when you're using Google and Facebook and all
• 28:27
  Speaker 2: of those things, you see AI embedded in everything. You know,
• 28:30
  Speaker 2: whether you like it or not, it's just kind of there.
• 28:33
  Speaker 2: It's like that for security tools now as well. So
• 28:36
  Speaker 2: hopefully the tides lifting for all of.
• 28:38
  Speaker 3: Us to want so who it's about who does it? Well,
• 28:42
  Speaker 3: not who, but what does it faster? I suppose they
• 28:46
  Speaker 3: can say, you know, attack, go at nauseum, go crazy,
• 28:50
  Speaker 3: and then your sort of AI systems have to go
• 28:54
  Speaker 3: what is the latest attack that they're doing and how
• 28:56
  Speaker 3: do we stop it? Is that kind of how it works.
• 28:59
  Speaker 2: It is It is a bit of an arms race
• 29:01
  Speaker 2: of hoo can get to the you know, who can
• 29:03
  Speaker 2: get to that first? Who can find out about vulnerabilities
• 29:07
  Speaker 2: and software and vulnerabilities in your system first? Is it
• 29:10
  Speaker 2: or is it you? And it's really complicated and it's
• 29:14
  Speaker 2: never really been a very level playing field because attackers
• 29:17
  Speaker 2: have one job to break in and defenders have a
• 29:20
  Speaker 2: range of different jobs and a range of different things
• 29:22
  Speaker 2: to protect, and it's not always easy to see what
• 29:26
  Speaker 2: they need to. So AI is speeding up what's always
• 29:29
  Speaker 2: been an incredibly challenging job. But hopefully it's sort of
• 29:33
  Speaker 2: lifting tools available to everyone at once.
• 29:36
  Speaker 3: Nadia, one of the things that we've always been taught
• 29:38
  Speaker 3: like this is all pine and the sky stuff. But
• 29:40
  Speaker 3: as an individual person using a computer, if you do
• 29:44
  Speaker 3: your two factor authentic authentication, so authentication I should say,
• 29:48
  Speaker 3: so you put your pass it in and then it
• 29:50
  Speaker 3: sends you a text message or whatever. Is that all
• 29:53
  Speaker 3: still sacred and taboo? Or is AI coming for that too?
• 29:58
  Speaker 2: That is so sacred? And that's one of the things
• 30:00
  Speaker 2: I was going to say. It's really easy to focus
• 30:02
  Speaker 2: on these really big powerful technologies mess us, fable, all
• 30:06
  Speaker 2: of these sorts of things that are getting a lot
• 30:08
  Speaker 2: of airtime, but actually the day, nothing will protect you
• 30:11
  Speaker 2: as well as a long, strong, unique password across your
• 30:14
  Speaker 2: different accounts, especially email. That really is the keys to
• 30:17
  Speaker 2: the kingdom. If someone gets into your email, they can
• 30:19
  Speaker 2: change a lot of passwords for everything and lock you out.
• 30:22
  Speaker 2: And your two factor authentication it's going to protect you
• 30:25
  Speaker 2: against most of the sort of attacks that we're going
• 30:27
  Speaker 2: to see. So it's still absolutely the best security that
• 30:31
  Speaker 2: you can take on good stuff.
• 30:33
  Speaker 3: NATA usef cybersecurity expert with us this morning. Time is
• 30:37
  Speaker 3: nine away from six Mike.
• 30:38
  Speaker 10: Next the first word on the News of the Day
• 30:42
  Speaker 10: earlier edition with Ryan Bridge and Spark for Business Technology
• 30:47
  Speaker 10: that keeps Business Moving News Talk ZEDBB.
• 30:50
  Speaker 3: It is seven minutes away from sixth grade. To have
• 30:53
  Speaker 3: your company this morning. Couple of little things for you
• 30:55
  Speaker 3: before we get to Mike. Sam Altman, so he's open
• 30:58
  Speaker 3: Ai chat gpt going. Remember, got fired and then he
• 31:00
  Speaker 3: got rehired, and it took a couple of days. It
• 31:02
  Speaker 3: was all a bit weird. There was a movie being
• 31:04
  Speaker 3: made by Amazon MGM Studios and they have dropped it.
• 31:09
  Speaker 3: It was almost complete and they've dropped it after announcing
• 31:13
  Speaker 3: a fifty billion dollar investment in the company. Suspicious or suspicious.
• 31:19
  Speaker 3: Also Russia, when is their economy going to run out
• 31:21
  Speaker 3: of steam? They've been throwing money at the war. Inflation
• 31:25
  Speaker 3: has been going through the roof, But if you look
• 31:27
  Speaker 3: at the latest numbers, it's just incredible. Really, inflation is
• 31:30
  Speaker 3: half its recent peak of more than ten percent. Real
• 31:33
  Speaker 3: wages already twenty five percent higher than in twenty nineteen.
• 31:37
  Speaker 3: And so there's a good piece in the Economists about this.
• 31:40
  Speaker 3: Actually overnight putin still has a lot of runway when
• 31:43
  Speaker 3: it comes to funding wars. Gray and Bridge not great
• 31:47
  Speaker 3: for the world. Good morning, Mike. Oil and gas, Yeah,
• 31:50
  Speaker 3: aving price has gone higher.
• 31:52
  Speaker 5: So that's the irony of that whole war is one
• 31:54
  Speaker 5: of the biggest purchases of gas, always has been, as
• 31:57
  Speaker 5: course as Europe. So the people they're fighting by the gas,
• 31:59
  Speaker 5: the whole things.
• 32:00
  Speaker 3: Just today Americas started buying Iranian oil again and the loads.
• 32:06
  Speaker 5: Do you remember so low seventies oil at the moment
• 32:09
  Speaker 5: is speak? Tell me what the price of a barrel
• 32:11
  Speaker 5: of oil was pre war seventy? Are you making that up?
• 32:17
  Speaker 2: No?
• 32:17
  Speaker 5: I think I couldn't tell you.
• 32:18
  Speaker 3: It's early seventies.
• 32:19
  Speaker 5: I think it's high sixties, early seventies. I think we're
• 32:21
  Speaker 5: back to where we were essential almost almost, it's almost
• 32:25
  Speaker 5: like it didn't happen. By the way, are you ever
• 32:27
  Speaker 5: going to wear the Meta's got a new set of
• 32:29
  Speaker 5: the smart glasses out this morning, Snap did last week
• 32:32
  Speaker 5: and metas out this morning with the smart glasses. Could
• 32:35
  Speaker 5: you conceive of your son never?
• 32:37
  Speaker 3: Why? Well? Why would I?
• 32:39
  Speaker 2: Well?
• 32:39
  Speaker 5: Their argument is you're sick of steering at your screen,
• 32:43
  Speaker 5: so you will.
• 32:44
  Speaker 3: But I'm sick. But that's a different issue. If I'm
• 32:47
  Speaker 3: sick of staring at my screen, I don't want more
• 32:50
  Speaker 3: screen and more convenient screen.
• 32:52
  Speaker 5: But your eyes would replace you. Your glasses would replace
• 32:55
  Speaker 5: your screen on your phone. You see what I'm saying.
• 32:57
  Speaker 3: Yeah, but I want less time connected to as a
• 33:01
  Speaker 3: as a general thing. Okay, So that would be like
• 33:03
  Speaker 3: giving a junkie more crack.
• 33:06
  Speaker 5: That's what you are of course, and that's what they
• 33:08
  Speaker 5: treat you as. Having said that is the esthetic important.
• 33:11
  Speaker 3: Or not of glasses?
• 33:13
  Speaker 5: Yeah, I mean, this is what they're missing. This is
• 33:16
  Speaker 5: what they're missing. See the EV story. Half your evs
• 33:19
  Speaker 5: are just but ugly. So if you don't care what
• 33:22
  Speaker 5: you look like, that's fine. But I mean, who's putting
• 33:24
  Speaker 5: something on their face that looks ridiculous?
• 33:27
  Speaker 3: You know what I'm saying.
• 33:28
  Speaker 5: You've got to do something. You've got to do something styly.
• 33:30
  Speaker 3: And what contact lenses? I mean? I wear contacts every day,
• 33:33
  Speaker 3: do you? And I don't wear glasses because most of
• 33:36
  Speaker 3: them don't really suit me. See, I would like to
• 33:38
  Speaker 3: wear glasses really Yeah, well you can, you just don't
• 33:41
  Speaker 3: need you don't.
• 33:42
  Speaker 5: Yeah, but that would be pretentious because people would go, oh,
• 33:44
  Speaker 5: you wearing glasses, and.
• 33:47
  Speaker 3: Far be from you to make pretentious fashion decisions.
• 33:50
  Speaker 5: Make I walked into that one, straight on into that one.
• 33:56
  Speaker 5: The ACC thing will be doing this morning? By the way,
• 33:58
  Speaker 5: do you do that this one?
• 33:59
  Speaker 2: The AC?
• 34:01
  Speaker 15: Oh?
• 34:01
  Speaker 3: Yes we did.
• 34:02
  Speaker 5: Are you're not sure what happened on your show?
• 34:05
  Speaker 3: I'm still laughing about go away ridiculous.
• 34:11
  Speaker 1: For more from Early Edition with Ryan Bridge, listen live
• 34:14
  Speaker 1: to News Talks. It'd be from five am weekdays, or
• 34:17
  Speaker 1: follow the podcast on iHeartRadio