October 8, 2025 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Thursday 9th of October 2025, Labour Finance Spokesperson Barbara Edmonds thinks the Reserve Bank is taking a risk cutting the OCR by 50 basis points, she tells Ryan why.
Freedom camping across some of the South Island’s most popular holiday hot-spots has surged to the highest levels, Save Clean New Zealand spokesperson, Andrea Beryl shares her thoughts.
Rugby Unions around the globe are banding together against R360, Sports commentator Sam Ackerman has the latest.
Plus US Correspondent Nick Harper updates us on former FBI Director James Comey appearing in court charged with lying to Congress.
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Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
Earliership with r the Supercenter, explore are the successories and
servicing more than one news talk said.
Speaker 2 (00:12):
Be good morning, Welcome to Thursday. Barbara Edmonds on the
OCII US Curry on the shutdown Queenstown voting on Freedom
Campus today, Sam Eckerman on A three sixty, and the
Bank of England is warning about an AI bubble. The
Agenda Thursday, the ninth of October. The Trump Comy Utu
story continues. Comy's in court. This is the former FBI
boss saying he's not guilty of lying to Congress, President
(00:34):
Obama or Vice President Biden ever ask you to investigate
a political rival or to go easy on a political rival.
Speaker 3 (00:44):
Never Why would that have been problematic because it.
Speaker 4 (00:48):
Would compromise the independence of the Justice Department in the
FBI's work. If it's a criminal case or a counterintelligence case,
it would introduce politics into which should be a fact
driven process.
Speaker 2 (01:00):
I'll tell you what their defense will be. Shortly, Starers
and Mumbai on a trade mission. Remember they signed an
FDA back in July. Now the question is when will
it actually kick in. He's saying quite clearly he's not
up for relaxing visa rules.
Speaker 5 (01:11):
This is the biggest trade mission that the United Kingdom
has ever sent to India, and I think it's really
good evidence of just how strong the relationship has got
all sorts of businesses here.
Speaker 2 (01:22):
Tom McClay, by the way, reckons our FDA is with
India's halfway, whatever that means. Finally, this morning, one of
the world's most popular board games, Cludo, is being turned
into a game show on Netflix. Contestants will tackle mental
and physical challenges while solving clues. Not the first one
they've done, of course. Netflix is doing Monopoly as well.
Speaker 1 (01:45):
Ryan Bridge on early edition with r VS Supercenter explore
r v's accessories and servicing all in one news talks.
Speaker 2 (01:53):
It'd be nine two the numbers text. Great to have
your company just gone eight minutes after five. I'm playing
that game with the bank at the moment where I go,
I'm not going to lock anything and I'm just gonna
wait and see where things land. And I see that
Westpac their two year special fixed home loan rate drop
from four point sixty five to four point four to nine.
Last night, their variable I was cut by point three.
(02:17):
Variable Business lending, which is very important. Of course, that's
down half a percent for savers. Well, it's the other
side of the coin, isn't at Variable saving rates down
by zero point one point five to half a percent.
This is at Westpac at ASB some savings products there
will be cut between thirty five and fifty basis points.
(02:37):
So good news for business loans, good news for house prices.
Probably eventually bad news for savers. But just check it
in a manage front. Buy some of those stable coins
that everyone's talking about, or buy some gold, buy some metals.
Gold up still up over four thousand dollars. An ounce
was reading in the Wall Street Journal this morning about
debasement trade, where everybody's freaking out about currencies. Everyone's freaking
(03:02):
out about the US dollar and what's going to happen
with it, and you've got Trump interfering with the Federal
Reserve and all that sort of stuff going on. So
everyone's piling into metals. Debasement trade is on the rise. Apparently,
as for R three sixty, what's the problem here? This
is the new rugby outfit, Tyndall's new thing. I've had
(03:22):
a look into this and I just can't see what
the problem is, I mean, there is the obvious player issue,
which you know, you kind of undermine the training ground
all that sort of stuff. But every time there's a monopoly,
we want to get rid of it. You know, supermarkets
get another one, Banks get us another one, Airlines get
us another couple. Rugby, why not? Sam Ackerman on that.
Speaker 1 (03:46):
Next, the First Word on the News of the Day
Early edition with Ryan Bridge and r V Supercenter explore
r v's accessories and servicing all in one News Talks.
Speaker 2 (03:58):
A V five twelve. Good news for renters this morning, too,
Taylor says four point four to nine percent run I
just fixed for a year. Good on new Taylor. Now,
for landlords, their share of in terms of their share
of the market buying at the moment, is going out,
and that is actually bad news for all of them,
because of course your stock goes up and then your
rents come down. The number of residential properties available to
(04:19):
rent is up twenty four percent compared to a year ago.
The average asking rent is down twenty dollars. So not
only is the good news for your homeowners with the
interstrates coming well, your mortgage holders, I should say, with
the interest rates coming down but also for rent is
paying rent. Ryan five twelve rugby unions around the globe
are banding together against R three sixty unions from New Zealand, Australia,
(04:42):
South Africa, England. They're all saying, you can't play for
Mike Tindall's new outfit and then go play for your country.
Sam Ackman Sports commentated with me this morning. Sam, Good morning, morning,
Royan Hey. Critics are saying, some are saying that this
will be the death of rugby union.
Speaker 6 (04:56):
Is it a bit overcooked massively? They just need to
take a little breath and remember that professional sport does
things like this quite often in the number of sports,
and they seem to still be thriving and going on.
Rugby league was ripped apart by a civil war in
nineteen ninety five and it's producing some of the biggest
numbers the sports ever produced.
Speaker 7 (05:14):
Now Goalscot the live tour.
Speaker 6 (05:17):
Running separately to the PGA that is supposed to employ
that sport, but not happening as well. What this is
is a bunch of unions, powerful units they used to
have in their own way, circling the wagons. I don't
blame them for doing so, but the fact of the
matter is there is an entity that we know very
little about talking about paying stupid money for these athletes.
And good on the athletes, is that anyone who ends
(05:38):
up going to this and making that kind of professional athletes,
that's what they're to do.
Speaker 7 (05:42):
They're there to make.
Speaker 6 (05:42):
A living, as would a plumber, as would a lawyer,
as would a journalist. Whoever, if a great money is there,
it's there to take. So I think calling it the
potential death of rugby is getting a little hysterical, drawing on.
Speaker 2 (05:54):
The Indian Premier League, as you mentioned the Live Golf thing.
In fact, I see that the former lawyer for Live
involved in this. Where are they getting all this money from?
Speaker 6 (06:03):
Yeah, well that's the four billion dollar question, is it right?
It's as far as where things are on transparency, there
is no We don't even have public figures speaking of this.
They're talking about staying in a competition next year with
no public plans about who the teams are, where they are.
Speaker 7 (06:20):
Any sign names.
Speaker 6 (06:21):
It all feels a little on the dicey side. The
fact of the day, this is no bigger threat to
New Zealand rugby than French rugby is or rugby League
is or if the NFL decided, do you know what
we want really good kickers and we're going to go
to New Zealand and take the goalkickers out of every
super team. It has always options to go other places
and good money to do so. The real threat is
(06:42):
if too many take up the offer. What does that
mean for New Zealand and their international eligibility rules. I'll
be for those who have strict rules, it's harder to apply.
But I find interesting Australia, for example, South Africa two
unions that are happy to pack from overseas.
Speaker 7 (06:57):
They picked their Wallabies.
Speaker 6 (06:58):
Or their spring boxer anywhere they want to play except
R three sixty. Why because they have no control over
what's going on there. It's they will have to one
day down the line if three sixty gets off the ground,
if it goes well, it's something they need to reconsider
right now. International rugby is their bargainingship and they're using it.
Speaker 2 (07:18):
And does this all have to be signed off by
World Rugby And if so, what is their criteria for
doing that now?
Speaker 6 (07:25):
Well, World Rugby is an entity as much like FIFA.
They have the greater interest of the game at heart,
as long as it works in with their interests. So
as long as that world rugby is going to be
positioned that they can make enough money from or something
that they can work with, well, then they're prepared to
talk right now. Because everything is so loosey goosey, there's
no rules around it. They're certainly not going to tell
the unions that they can't stop these players from being
(07:48):
picked from over there because your own individual eligibility rules.
The real problem comes when you see some saying well,
if you go to three sixty, you won't be welcomed back.
Speaker 7 (07:57):
Well, it's professional sport.
Speaker 6 (07:58):
That's like saying back in the if you had converted
to rugby league, then you could never go back to rugby.
Speaker 7 (08:03):
Union or vice versa. Those walls are done.
Speaker 6 (08:06):
People need to go move past that and understand it's
an opportunity for these athletes.
Speaker 7 (08:10):
Disney's yonders.
Speaker 6 (08:11):
We want to see the best players playing for the
All Backs and be available without question, but the same
token if they can't match the money it's being offered,
can you really blame them?
Speaker 2 (08:19):
Absolutely not. Sam preciate that Sam Ackam and Sports commentated
with us this morning time at sixteen minutes after five
to me, it's like more rugby. If people are watching that,
then that's got to be good for rugby, doesn't it
People getting paid more? Then what's the big problem? Nineteen nine, two,
five sixteen.
Speaker 1 (08:37):
Get ahead of the headlines on early edition with Ryan
Bridge and are the Supercenter explore r VS, accessories and
servicing all in one news talks.
Speaker 2 (08:47):
That'd be five eighteen, Ryan, Rugby can't compete with UFC.
Look at how packed the pubs were on Sunday with
men aged twenty to thirty six watching USC's three twenty
entertainment plus cheers Brad Bradley, thank you for that. I
saw the movie yesterday about the original UFC fighters. I
was the only one in the movie theater. It was great.
(09:09):
Nineteen minutes after five, Bank of England's warning this is
the AI bubble that people have been talking about. We
spoke about it last week. We had a UK tech investor,
quite a good one actually warning about it. Now Bank
of England has come out this morning warning about it.
Valuations going through the roof, you know, will there be
a sudden correction open AI? Remember was worth one hundred
and fifty seven billion US dollars in October last year,
(09:32):
it's now worth five hundred billion dollars. So this is
what they've said. Bank of England's Financial Policy Committee. The
risk of a sharp market correction has increased on a
number of measures. Equity market valuations appear stretched. This leaves
equity markets particularly exposed should expectations around the impact of
AI become less less optimistic. And the problem is you
(09:53):
had that study come out from Massachusetts from MIT the
other week saying that ninety five percent of organization that
are using generative AI are getting zero return from their investments.
Bryan Bridge five twenty Queenstown Lakes Council voting today on
Freedom Campus thirty percent jump and overnight stays there. Region
is the most popular for them, double the number of
(10:15):
the next most popular, which was Nelson Tasman, pressure on roads, lakes, waterways,
all that stuff. Andrea Beryl Is with Save Clean New Zealand,
joins me this morning. Andrea, good morning, Good morning, Ryan.
How are you very well house beautiful Queenstown this morning.
Speaker 8 (10:30):
I'm in Monaca and I've not had too many cups
of tea yet, so I think we're all good. It's
still pretty dark, but yeah, it's all good.
Speaker 2 (10:37):
Andrea you're not against freedom camping, but what's wrong with
some of the places where they are doing it.
Speaker 8 (10:43):
I mean, I've worked in tourism for nearly over twenty years,
so you know, we know that the region heavily relays
on tourism. The problem is some of the areas that
they've chosen are just a little bit bizarre, like right
in front of people's houses. So I look after a
property on bicker Point Road which is heavily used by locals, tourists, travelers, bikers,
(11:04):
people walking their dogs, runners, and then they want to
put five parking spots right outside this house. There's no
rubbish facilities, there's no toilet facilities, and on rubbish we
can't even get our own rubbish picked up by the
council because the road is too narrow. So how on
earth are they going to deal with the rubbish from
people leaving it behind because not all campers, sadly, are responsible.
Speaker 2 (11:29):
This is spir laws. This is one of the fifteen
designated sites. How are they picking these sites?
Speaker 8 (11:35):
That's a very good question. So it started with us
thinking about Beacon Point Roads, but then it expands to
other areas in the region. We've got Allenby park, which
is a car part right by Iron, which raises you know,
fire hazards. If someone sparks a fire, then Mount Iron
goes up and flames. You know, that's alarming. All the
rural roads, you know, they've got these rural roads that
(11:57):
have said yeah, yeah, come and park on the rural roads,
but all the people that live on these rural roads
and said, there's actually nowhere safe for people to pull over.
It has to be five meters from the road on
a hard surface or a heavy gravel sort of area,
and that's pretty much someone's driveway. Because the rural roads
don't have those. There's some of them are so narrow
(12:17):
that you can't turn around. So it's like it's like
they've just looked at a map and went they're there,
there and there, that they haven't really done it by sight.
Speaker 2 (12:25):
Andrea, what's it like that? I mean, it's been a
while since we've had a camera down there giving us
an update. But what's the lot I mean of people
still doing their business in the trees and on the
streets and stuff, or was a lot plainer than what
it used to be.
Speaker 8 (12:36):
Well, no, the water quality is deteriorating, and why is
that you know, and if we allow people to have
these so called self contained camper vands, you know, you
know these little backpack of lands, they don't they have
a little blue sticker saying that you know, they're going
to have a pee or a pooh in they're in
their van. They're not using those you know. The Camper
Van Association, Yes, they've got some beautiful big motor homes
(12:59):
and camper vans and they travel around and they're really
four there, so and we agree with them, like we
want people to come in their campervans, but not everybody
is going to be using the toilets on board. And
one other issue is there's not that many public dumping
stations for people. If they are the responsible people, you know,
they need to empty the sewage. And I was looking
the other day and from Half to Queenstown there's only
(13:20):
two dumping stations. Two but gross, and where are people
supposed to dump the poop?
Speaker 2 (13:28):
Well that's what we're all now thinking about. Andrew, thank
you for your time this morning. Andrea Beryl Save, Queen
New Zealand spokesperson Queenstown Lake District Council. I think we'll
vote on that tomorrow. Forgive me twenty three after five.
There is a little bit of me, a little part
of me that is a bit happy when I hear
about you know, when you start to hear about Freedom Campus,
that means these tourists. You know, when you start to
(13:48):
hear about things that we like. Once house prices start
going up and we complain about that, also, I'll be
a little bit happy, you know. Twenty four after five.
Speaker 1 (13:57):
The early edition Full the Show podcast on iHeartRadio Power
by Newstalks IV.
Speaker 2 (14:05):
Twenty six after five. This story about sick or disabled
teenagers getting the doll just doesn't make any sense to me.
Government wants to cut the doll for teenagers whose parents
earn sixty five thousand plus a year. Okay, their justification.
If poor old mum and dad have to cover their
living cost, then the teenagers might go out and actually
find a job motivation. Okay, fine, that's about four thy
(14:28):
eighteen to nineteen year olds they reckon. But here's regets complicated.
It turns out that around half that number are getting
the doll not because they can't find work, but because
they can't work, like physically. Have a look at the
whim's website. It lays out the criteria for you. You
basically have to prove the reason with a doctor's certificate. Basically,
you can't work full time because you have a disability,
(14:50):
an injury, or a health condition which prevents it. They
mentioned things like chronic stuff like hemophiliacs asthma sufferers. Here's
the rub. Little Johnny can't work, and we accept that
because the doctor has said so, and the point of
cutting Johnny's benefit is to encourage him to work, Then
we have an obvious problem. You can't encourage somebody to
(15:12):
work who can't work, can you. This makes no sense.
Either the government is not believing the health conditions are
real or not that serious, or they're saying that parents
on sixty five thousand dollars a year should be financially
responsible for their kids until they're twenty, even if those
kids can't work for good reason, which I think is
(15:33):
a bit unfair. Johnny's parents didn't choose I'm sure to
have a disabled child or a kid injured in a
car crash at home in the prime of their lives. Ministers,
I think need to either explain this announcement better or
pull a swift U turn before the ink drives on it.
I am bread Bread twenty seven after five news talks
here B nine two ninety two is the number to
(15:54):
text morning, Ryan, I invested in morning, Mandy, I invested
in gold in twenty twenty two. Who was twoy two
hundred ounce? That's Kiwi dollars. I've just checked this morning.
It's seven thousand and thirty announce. Well look at you, Mandy. Congratulations,
We're all stoked for you. No, that's very good. Twenty
(16:16):
eight minutes after five. We'll talk to Barbara Edmans just
before six this morning. So she's come out and said welcoming,
cautiously welcoming the OCR decision, yes today, But she's also
said that she's worried about inflation. And so my question
for Barbara Edmunds this morning is this, what's driving inflation domestically?
What's driving inflation? And you would have to say insurance
(16:40):
is always up there, but what's the other one council rates?
So if you are worried about inflation, do you want
them to keep the OCR high forever or do you
try and bring down the cost of councils? Do you
put in a limit on rates? Rates cap that's what
(17:01):
the government wants to do. Will you support that, Barbara Edmonds,
if you are so worried as you say about inflation
or that's what's driving it. You know, the drones over
in Europe, We've been talking about those for a couple
of weeks now. Interesting Germany is drawing up a law
that's going to let the cops shoot them down out
of the sky. This is only past cabinet, hasn't gone
(17:21):
through the parliament yet, but basically saying shoot them down.
The Kremlin's hybrid war needs to come to an end.
They're also instigating a dedicated counter drone unit within police,
and they've been talking to the Ukrainians and the Israelis
because you know, they know a thing or two about it. Obviously,
News Talk ZB Where to the State's Next.
Speaker 1 (17:48):
On your radio and online on iHeartRadio early edition with
Ryan Bridge and are the Supercenter explore are these accessories
and servicing all in one?
Speaker 2 (17:59):
News Talk said to be poor away from Stres Barbara
Evans from Labor on the OCI coming up shortly. We'll
also head stateside for the latest on the shutdown. We'll
hear also about the guy who lit that allegedly lit
(18:20):
that massive Palisades fire that wiped out, thousands of homes,
see people running and dying. The weird thing that he
googled and put on the internet before.
Speaker 7 (18:30):
He did it.
Speaker 2 (18:30):
We'll tell you about that shortly.
Speaker 7 (18:32):
Now.
Speaker 2 (18:32):
The interesting thing about the shutdown over in the US,
lots of your text as well on benefits for young
people will get to those shortly. But over in the US,
because of the shutdown, there's a bit of a data vacuum.
Trump's loathed Bureau of Labor Statistics is pumping out nothing
at the moment. Lights are out because of the shutdown,
so everyone's looking at alternatives, and basically the alternatives aren't
(18:54):
painting a great picture. Bank of America reckons there's been
a ten percent rise in unemployment payments in October. That's
compared to a year ago. The Carlisle Group, which is
a private equity firm, they estimate US employees added seventeen
thousand jobs in September. That is down from twenty two
thousand in August. And I mean, basically, it's not the
end of the world. It's not like there's mass firings
(19:15):
going on at the moment, but there's also just not
a lot of hiring. We'll get to our US correspondent shortly,
it's twenty three to six, Ryan Bridge, and we'll go
to our reporters around the country and we will start
this morning in christ Church with clear clear Good morning,
Good morning.
Speaker 9 (19:33):
What are we talking about today, Well, the Garden city
is going green in more ways than one at the moment. Ryan.
This is as we prepare to host the world's top
climate mines. We've got more than ninety countries being represented
next week at Tibai Convention Center for the International Adaptation
Futures Conference. The event aims to accelerate the international climate
(19:54):
adaptation with a big focus on issues for Pacific and
Indigenous people. The conference co convena Bronwin Heyward says this
is the biggest un and climate meeting the country will
ever host. Climate change commissions. Holly Walker says it will
be a big opportunity to understand cascading risks, basically how
one failure can then cause a chain reaction. She says
(20:17):
cyclone Gabrielle was one example of this, when the storm
knocked out a road with tellercommunications and power beneath it.
Speaker 2 (20:26):
How's your weather clear?
Speaker 9 (20:27):
Should be fine today, bit of high cloud increasing this
afternoon northerly Be twenty two.
Speaker 2 (20:32):
Thank you very much for that. Let's go to Dunedin
now with Callum Calum good morning morning, right, a bit
of a bittersweet end for the Kluther mayor.
Speaker 7 (20:41):
Yeah, this is Brian Kidogan. His rain is over.
Speaker 10 (20:45):
He was so first elected in nineteen ninety eight and
so has been mayor there since twenty ten.
Speaker 2 (20:51):
He's sixty five years old now.
Speaker 10 (20:53):
He says he kept rates rises to four percent for
less than or less than that for more than a
decade until he'says government water reforms left the council.
Speaker 7 (21:03):
They're facing massive debt.
Speaker 10 (21:05):
He says he's been grateful for the chance to serve
the district over that time. Since it's time for the
next generation now to step up Barricadogan says that the
reforms will leave communities ravaged by rate hikes. Sending three
waters has the ability to change society, but instead it's
say quote cluster stuff.
Speaker 2 (21:23):
I'm glad you ended it that way. Callum. How's your weather?
You have two spots of evening rain?
Speaker 10 (21:29):
Otherwise find today for Dneda Nordley's pick up end twenty today.
Speaker 2 (21:32):
All right, Maxim Wellington, Max things looking up there?
Speaker 7 (21:36):
The exact opposite. Yes, fine sarcasm.
Speaker 11 (21:39):
The Wellington Chamber of Commerce has been surveying forty senior
business leaders in the CBD. They employed about one thousand
people on a year ago. About two thirds are either
performing the same or worse financially. Despite the fact we've
got a local election coming up and it will be
difficult to foresee a council and a mayor being elected
a little less friendly to businesses than the current ones.
(22:01):
Only ten percent are optimistic the capital's economy will be
substantially better in a year, consumer confidence and demand being
blamed low productivity growth. A majority though very dissatisfied with
the council itself. They're not being talked to and where
they are they feel their input is being ignored. The
Council's chief Economic and Engagement officer has told us she
(22:23):
concedes there are certainly improvements to be made, but she
believes they're on the right path to being business friendly.
All right, how's your win her overcast rizzley, strong winds sixteen.
Speaker 2 (22:33):
All right, cheers mate and Neva in Auckland, Nev, good morning,
good morning. So we've got investigators searching East Auckland for
anyone connected to this fire.
Speaker 12 (22:42):
Yes, it's right. Look double homicide, father and son. So
police they've confirmed that Buckland's beach fire last week, killing
the thirty six and eleven year old was deliberately lit.
So we know that three people escape the blaze. Now
we know that an accelerant was found at the scene.
Police they are seeking any foot of people in the
area before the fire. They don't have a person of
(23:03):
interest yet, but they're hoping that information from the public
will help. So if you know anything, in contact the police.
Speaker 2 (23:08):
Absolutely. I saw there as a fire truck broke down.
Did you see that yesterday? On the way to a job.
And because they're going on strike of course, so they
posted a photo of them standing in front of this
useless truck just sitting idle doing nothing while there's a
fire burning.
Speaker 12 (23:23):
And this isn't the first time either, is it, that
they've had broken down trucks. It happens a little bit.
I think a couple of months ago there was a
fire here in Auckland. They had to get a truck
from Hamilton that broke down or something.
Speaker 2 (23:35):
Or rather the big problems and you think like there
are basic things that you sort of expect will happen
in society, you know, like law and order sort of,
some sort of defense and maybe a fire truck that
works exactly. How's that weather?
Speaker 7 (23:50):
OK?
Speaker 12 (23:50):
Scattered rain around about midday clearing though this evening nineteen
is the high here in Auckland.
Speaker 2 (23:54):
Not the rain can put all the fires out. Fantastic
thanks to eighteen away from six News Talks the b
the States.
Speaker 1 (24:00):
Next international correspondence with ends and eye insurance. Peace of
mind for New Zealand business go.
Speaker 2 (24:07):
To the thick Farber imands standing by. You know that
big Palisades fire in Los Angeles earlier this year, massive
one twelve people died. COMPS have just arrested.
Speaker 13 (24:15):
A guy from Florida, Jonathan rendernsh aged twenty nine, residing
in Melbourne, Florida, was taken into federal custody by ATF
special agents, a Los Angeles City Fire Department investigator and
a Los Angeles Police detective. Renderneck, as the US attorney
mentioned as charged under Title eighteen eight forty four f
(24:35):
Malicious destruction by means of a fire, real property owned
by an organization receiving federal financial assistance. I can tell
you this from day one ATF and our partners have
been relentless. We made a promise to find answers, and
we have kept that promise.
Speaker 2 (24:52):
Nick Happa is a US correspondent.
Speaker 7 (24:53):
Nick.
Speaker 2 (24:54):
What do we know about him?
Speaker 7 (24:55):
Hey, good morning, Ryan.
Speaker 3 (24:56):
Not a great deal of this stage. We know that
he's a twenty nine year old man, Jonathan Rindagnick. As
we heard there, he was allegedly working as an uber
driver at the time, and after dropping off someone, he
apparently started a fire on a nearby trail, and it
was that fire that then spread dramatically right around the area,
leading to the destruction of almost seven thousand buildings and
(25:19):
twelve people unfortunately also died in these fires. I mean,
it was unbelievable, some of those pictures, those images that
we saw coming out of Los Angeles in January this year.
Prosecutors say that he maliciously started this blaze. They don't
know the motive yet, but they are very much saying
that he was behind it, that he orchestrated it, and
(25:39):
that he did plan this to happen. But of course,
the extent of this fire was not known at the time.
I guess when he started this, he could not have
predicted it at the moment he's being charged with destruction
of property, but of course additional charges may be added,
and we could see things including the amount of buildings
destroyed seven thousand added to those charges, potentially even something
(26:01):
related to the deaths of those twelve people as well.
Speaker 2 (26:04):
All right, Nick on Comy, he's obviously blame in court
as far as an arraignment, and he's plading not guilty.
And I see that his lawyers are going out after
the US attorney that Trump appointed.
Speaker 3 (26:14):
Yeah, that's right. I mean they feel that this is
just a hit job against James Commey, the former FBI director.
They feel it's payback retribution from the US president who
has been targeting and where possible, trying to prosecute his enemies.
Donald Trump has described Comy and others as guilty as hell.
His lawyers, though, say that this is something that has
(26:36):
just been targeted against the FBI director, the former FBI director,
and that is it is a malicious and selective prosecution.
His lawyer's trying to get this case thrown out, also
not happy with the judge Trump appointed judge there presiding
over the case. There is a possibility of five years
in jail for James Comy. If he's found guilty, trial
(26:58):
takes place at the beginning of next year, January the fifth.
The president, of course, arguing that he has to get
behind bars for being part of this Trump Russia probe
looking at Donald Trump's when back in twenty sixteen they
say that he lied to Congress about exactly what he
was involved in in that investigation.
Speaker 2 (27:15):
Cheers Nick. Nick Harper, our US correspondent. This morning, time
is twelve away from six Ryan Bridge jode Icars dropped
fifty points. We're two and a half percent full consensus
with the Monetary Policy Committee and we may get another
quarter hit before Christmas. Labour's finance spokesperson Barbara Edmonds says,
the banks taking a risk.
Speaker 14 (27:32):
My concern is around the inflation, particularly being sticky. Is
it might come down next year, but those administered costs
that we are seeing are.
Speaker 2 (27:39):
Quite a concern for me. She's with me now. Good morning,
Good morning, Ryan, Good to have you on the show.
As always, did they make the wrong call?
Speaker 14 (27:48):
Well, I think they made the right call given the
data that they've got before them, and even in the
immedia statement they did talk about those inflationary risks, but
ultimately right now they believe they're a spare capacity in
the economy, which is why they had to cut interest
rates have indicated a potential further put and for me,
it's a direct response to the economic damage caused by
(28:10):
crystop re luxan.
Speaker 2 (28:11):
You're talking about the inflation problem, domestic inflation. Council rates
always a big one. Are you going to support a
rates What are you going to do to keep that down?
If inflation is such a worry for you.
Speaker 14 (28:23):
We can to see where the government gets to with
their work on that, and we want to see the detail.
If it's a good policy proposal, we know that it
will help bring rates down, we will provide the support
where we need to.
Speaker 2 (28:35):
What does a good proposal look like?
Speaker 14 (28:38):
And again they've got a group working on that. We
want to see what that looks like. And you do
need the detail about that because obviously any policy detail
may have other consequences. So we really hope the governments
when they do come up with a response to it,
that it be something that we can support because we
know that ratepayers are hurting.
Speaker 2 (28:57):
If they say, look, we want to elect capitat inflation,
would you be on board with that?
Speaker 14 (29:05):
And it depends on then how the councils are going
to be supported to pay for the infrastructure that they need.
So there are pros and cons to that, because councils
obviously need money for historical water infrastructure that hasn't been
kept up to date. So again we're open to supporting
the government, but we need to see the detail and
we do look forward to that.
Speaker 2 (29:25):
You've said this is down to national's economic mismanagement, and
you know it's hell and a hand basket stuff. When
Labour left office, infation was six to seven percent, the
ocr was five and a half.
Speaker 14 (29:38):
And we were coming off the back held some really
high tradable inflation so real high global prices. But ultimately,
since the government has come in, the economy is going backwards.
We've lost thirty six thousand jobs since they took over.
We've had two seven hundred business liquidations and quis are
leaving overseas like two hundred per day. So he has
(30:00):
gone backwards. Christphal lucks and promised to make it better,
but he's made it worse.
Speaker 2 (30:04):
Hey, Barbara, a lot of people were impressed by your
performance at the mood of the boardroom the other week.
Have you had much good feedback about.
Speaker 14 (30:11):
That I have, and it was an interesting time time
to be there. I mean, ultimately, I think it was
a very strong message to Nikola Willis and to Christopher
Luxeon that you can keep saying growth, growth, growth, but
you actually that they actually want to see action on that.
Speaker 2 (30:29):
All right, Barbara, appreciate your time this morning. Thanks for
being on the show. Barbara Edmonds, whose Labour's finance spokesperson,
time is nine to six news talks, heb News.
Speaker 1 (30:37):
And Views you trust to start your day. It's earlier
this ship with Bryan Bridge and are the supercenter next floor?
Are these accessories and servicing? Fall than one news talks?
Speaker 2 (30:48):
B sive into six news talks hereb we just spoke
to Barbara Edmonds from Labor and a lot of you
are saying, well, what the hell does she know? Why
would we even listen to her? Well, I mean she
could be the finance minister. I mean if you look
at that pole yesterday, she could be the finance minister.
I think at least she's willing to sit down and
have a well, I think a genuinely constructive conversation about
a rates cap. I think she sounded pretty genuine on that.
Speaker 7 (31:10):
It is six to six.
Speaker 2 (31:11):
Now Mike's in the studio. Morning, Mike, Greetings, what's on
the show today?
Speaker 15 (31:15):
Well, Jeffrey Archer apart from anything else, and the finance minister,
but the three sixty thing we'll look at as well.
Speaker 2 (31:24):
What's your thinking?
Speaker 15 (31:24):
Well, well, first of all, no one cares because there's
no buying, is there. See Ronaldo this morning has been
made Bloomberg's first official football billionaire. And I was thinking
about this, do you? So he's paid four hundred as
real money comes from endorsements and stuff, not necessarily as
salary anyway, So he's sitting in Saudi Arabia. Tell me
(31:46):
the result of his team's last out.
Speaker 2 (31:47):
H wouldn't you would have a clear No one cares.
Speaker 15 (31:49):
So he's sitting in Saudi Arabia earning all this money,
presumably in a nice house with some servants. Now, are
you genuinely happy when you look at the EPL And
you're looking at the EPL and go I could be there,
or the Sierra League in Europe and I could be there,
but I'm not. I'm in Saudi Arabia earning I've got
shed loads of dough. Are you genuinely fulfilled? Or would
you rather be elsewhere earning lists. You see what I'm saying.
Speaker 2 (32:11):
Well, yeah, but he's obviously obviously he's happy.
Speaker 15 (32:13):
Otherwise, No, you don't know that he might have massive regrets.
I don't think I could work for somebody I would
need to enjoy, no matter what, I would need to
enjoy what I'm doing. I don't mind earning a lot
of money.
Speaker 2 (32:23):
But clearly not. But I need But it is. But
don't you need to? I mean, sure, it's all very
well to say I need to, I need to have
purpose and all that stuff. But maybe you reach a
point where you've fulfilled your purpose. Possibly you've tipped all
the boxes you wanted to check, and actually now you
just like to be ripped.
Speaker 15 (32:38):
The funny thing about the R three sixty thing is
no one's going to care about it because there is
no buy in.
Speaker 2 (32:43):
But here's here's the really interesting They start paying and
then the players go fun.
Speaker 15 (32:48):
No, no, because if a player at Ardie Savia, Yeah, okay,
so they get Ardie Savia and they pay him one
hundred and twenty million dollars and he's sitting next to
Ronaldo and his gated community having.
Speaker 2 (32:58):
The time of his life.
Speaker 15 (32:58):
Are you're watching the game that ARTI you're not watching artists,
sob you watch Ardie Sabia because he plays with the
All Blacks and he's a great all black, aren't you.
Speaker 2 (33:05):
That's what he is in New Zealand? Yes, but what
about the rest of the world.
Speaker 15 (33:09):
The bristl of the World's got their own teams and
their own competitions.
Speaker 2 (33:12):
So here's the real issue.
Speaker 7 (33:14):
All right.
Speaker 15 (33:14):
So if you've done a deal which they have with
people to go on sabbaticals to Japan, for example, you
go away for a season, earn a lot of money,
come back and being all black another day, you've set
a legal precedent. So what the associations are saying now
is you can't you go to R through sixty. You're
banned from being an international Will hold on, wait a minute.
You've already done a deal with Japan in places like that.
(33:35):
Why is this suddenly different?
Speaker 2 (33:36):
And legally can get away with it directing like the Kremlin.
But yeah, you're monopoly.
Speaker 15 (33:41):
You're constraining a market, yes, but I don't know that
you're allowed to constraint with supermarkets.
Speaker 2 (33:46):
We want more, we want a lines, we want more
right banks, we want more rugby HM. Mike's for your
next to have a great Thursday Seat tomorrow.
Speaker 1 (34:06):
For more from Early Edition with Ryan Bridge, Listen live
to news Talks it'd be from five am weekdays, or
follow the podcast on iHeartRadio
The issues, the interviews and the insight. Ryan Bridge on
Earliership with r the Supercenter, explore are the successories and
servicing more than one news talk said.
Speaker 2 (00:12):
Be good morning, Welcome to Thursday. Barbara Edmonds on the
OCII US Curry on the shutdown Queenstown voting on Freedom
Campus today, Sam Eckerman on A three sixty, and the
Bank of England is warning about an AI bubble. The
Agenda Thursday, the ninth of October. The Trump Comy Utu
story continues. Comy's in court. This is the former FBI
boss saying he's not guilty of lying to Congress, President
(00:34):
Obama or Vice President Biden ever ask you to investigate
a political rival or to go easy on a political rival.
Speaker 3 (00:44):
Never Why would that have been problematic because it.
Speaker 4 (00:48):
Would compromise the independence of the Justice Department in the
FBI's work. If it's a criminal case or a counterintelligence case,
it would introduce politics into which should be a fact
driven process.
Speaker 2 (01:00):
I'll tell you what their defense will be. Shortly, Starers
and Mumbai on a trade mission. Remember they signed an
FDA back in July. Now the question is when will
it actually kick in. He's saying quite clearly he's not
up for relaxing visa rules.
Speaker 5 (01:11):
This is the biggest trade mission that the United Kingdom
has ever sent to India, and I think it's really
good evidence of just how strong the relationship has got
all sorts of businesses here.
Speaker 2 (01:22):
Tom McClay, by the way, reckons our FDA is with
India's halfway, whatever that means. Finally, this morning, one of
the world's most popular board games, Cludo, is being turned
into a game show on Netflix. Contestants will tackle mental
and physical challenges while solving clues. Not the first one
they've done, of course. Netflix is doing Monopoly as well.
Speaker 1 (01:45):
Ryan Bridge on early edition with r VS Supercenter explore
r v's accessories and servicing all in one news talks.
Speaker 2 (01:53):
It'd be nine two the numbers text. Great to have
your company just gone eight minutes after five. I'm playing
that game with the bank at the moment where I go,
I'm not going to lock anything and I'm just gonna
wait and see where things land. And I see that
Westpac their two year special fixed home loan rate drop
from four point sixty five to four point four to nine.
Last night, their variable I was cut by point three.
(02:17):
Variable Business lending, which is very important. Of course, that's
down half a percent for savers. Well, it's the other
side of the coin, isn't at Variable saving rates down
by zero point one point five to half a percent.
This is at Westpac at ASB some savings products there
will be cut between thirty five and fifty basis points.
(02:37):
So good news for business loans, good news for house prices.
Probably eventually bad news for savers. But just check it
in a manage front. Buy some of those stable coins
that everyone's talking about, or buy some gold, buy some metals.
Gold up still up over four thousand dollars. An ounce
was reading in the Wall Street Journal this morning about
debasement trade, where everybody's freaking out about currencies. Everyone's freaking
(03:02):
out about the US dollar and what's going to happen
with it, and you've got Trump interfering with the Federal
Reserve and all that sort of stuff going on. So
everyone's piling into metals. Debasement trade is on the rise. Apparently,
as for R three sixty, what's the problem here? This
is the new rugby outfit, Tyndall's new thing. I've had
(03:22):
a look into this and I just can't see what
the problem is, I mean, there is the obvious player issue,
which you know, you kind of undermine the training ground
all that sort of stuff. But every time there's a monopoly,
we want to get rid of it. You know, supermarkets
get another one, Banks get us another one, Airlines get
us another couple. Rugby, why not? Sam Ackerman on that.
Speaker 1 (03:46):
Next, the First Word on the News of the Day
Early edition with Ryan Bridge and r V Supercenter explore
r v's accessories and servicing all in one News Talks.
Speaker 2 (03:58):
A V five twelve. Good news for renters this morning, too,
Taylor says four point four to nine percent run I
just fixed for a year. Good on new Taylor. Now,
for landlords, their share of in terms of their share
of the market buying at the moment, is going out,
and that is actually bad news for all of them,
because of course your stock goes up and then your
rents come down. The number of residential properties available to
(04:19):
rent is up twenty four percent compared to a year ago.
The average asking rent is down twenty dollars. So not
only is the good news for your homeowners with the
interstrates coming well, your mortgage holders, I should say, with
the interest rates coming down but also for rent is
paying rent. Ryan five twelve rugby unions around the globe
are banding together against R three sixty unions from New Zealand, Australia,
(04:42):
South Africa, England. They're all saying, you can't play for
Mike Tindall's new outfit and then go play for your country.
Sam Ackman Sports commentated with me this morning. Sam, Good morning, morning,
Royan Hey. Critics are saying, some are saying that this
will be the death of rugby union.
Speaker 6 (04:56):
Is it a bit overcooked massively? They just need to
take a little breath and remember that professional sport does
things like this quite often in the number of sports,
and they seem to still be thriving and going on.
Rugby league was ripped apart by a civil war in
nineteen ninety five and it's producing some of the biggest
numbers the sports ever produced.
Speaker 7 (05:14):
Now Goalscot the live tour.
Speaker 6 (05:17):
Running separately to the PGA that is supposed to employ
that sport, but not happening as well. What this is
is a bunch of unions, powerful units they used to
have in their own way, circling the wagons. I don't
blame them for doing so, but the fact of the
matter is there is an entity that we know very
little about talking about paying stupid money for these athletes.
And good on the athletes, is that anyone who ends
(05:38):
up going to this and making that kind of professional athletes,
that's what they're to do.
Speaker 7 (05:42):
They're there to make.
Speaker 6 (05:42):
A living, as would a plumber, as would a lawyer,
as would a journalist. Whoever, if a great money is there,
it's there to take. So I think calling it the
potential death of rugby is getting a little hysterical, drawing on.
Speaker 2 (05:54):
The Indian Premier League, as you mentioned the Live Golf thing.
In fact, I see that the former lawyer for Live
involved in this. Where are they getting all this money from?
Speaker 6 (06:03):
Yeah, well that's the four billion dollar question, is it right?
It's as far as where things are on transparency, there
is no We don't even have public figures speaking of this.
They're talking about staying in a competition next year with
no public plans about who the teams are, where they are.
Speaker 7 (06:20):
Any sign names.
Speaker 6 (06:21):
It all feels a little on the dicey side. The
fact of the day, this is no bigger threat to
New Zealand rugby than French rugby is or rugby League
is or if the NFL decided, do you know what
we want really good kickers and we're going to go
to New Zealand and take the goalkickers out of every
super team. It has always options to go other places
and good money to do so. The real threat is
(06:42):
if too many take up the offer. What does that
mean for New Zealand and their international eligibility rules. I'll
be for those who have strict rules, it's harder to apply.
But I find interesting Australia, for example, South Africa two
unions that are happy to pack from overseas.
Speaker 7 (06:57):
They picked their Wallabies.
Speaker 6 (06:58):
Or their spring boxer anywhere they want to play except
R three sixty. Why because they have no control over
what's going on there. It's they will have to one
day down the line if three sixty gets off the ground,
if it goes well, it's something they need to reconsider
right now. International rugby is their bargainingship and they're using it.
Speaker 2 (07:18):
And does this all have to be signed off by
World Rugby And if so, what is their criteria for
doing that now?
Speaker 6 (07:25):
Well, World Rugby is an entity as much like FIFA.
They have the greater interest of the game at heart,
as long as it works in with their interests. So
as long as that world rugby is going to be
positioned that they can make enough money from or something
that they can work with, well, then they're prepared to
talk right now. Because everything is so loosey goosey, there's
no rules around it. They're certainly not going to tell
the unions that they can't stop these players from being
(07:48):
picked from over there because your own individual eligibility rules.
The real problem comes when you see some saying well,
if you go to three sixty, you won't be welcomed back.
Speaker 7 (07:57):
Well, it's professional sport.
Speaker 6 (07:58):
That's like saying back in the if you had converted
to rugby league, then you could never go back to rugby.
Speaker 7 (08:03):
Union or vice versa. Those walls are done.
Speaker 6 (08:06):
People need to go move past that and understand it's
an opportunity for these athletes.
Speaker 7 (08:10):
Disney's yonders.
Speaker 6 (08:11):
We want to see the best players playing for the
All Backs and be available without question, but the same
token if they can't match the money it's being offered,
can you really blame them?
Speaker 2 (08:19):
Absolutely not. Sam preciate that Sam Ackam and Sports commentated
with us this morning time at sixteen minutes after five
to me, it's like more rugby. If people are watching that,
then that's got to be good for rugby, doesn't it
People getting paid more? Then what's the big problem? Nineteen nine, two,
five sixteen.
Speaker 1 (08:37):
Get ahead of the headlines on early edition with Ryan
Bridge and are the Supercenter explore r VS, accessories and
servicing all in one news talks.
Speaker 2 (08:47):
That'd be five eighteen, Ryan, Rugby can't compete with UFC.
Look at how packed the pubs were on Sunday with
men aged twenty to thirty six watching USC's three twenty
entertainment plus cheers Brad Bradley, thank you for that. I
saw the movie yesterday about the original UFC fighters. I
was the only one in the movie theater. It was great.
(09:09):
Nineteen minutes after five, Bank of England's warning this is
the AI bubble that people have been talking about. We
spoke about it last week. We had a UK tech investor,
quite a good one actually warning about it. Now Bank
of England has come out this morning warning about it.
Valuations going through the roof, you know, will there be
a sudden correction open AI? Remember was worth one hundred
and fifty seven billion US dollars in October last year,
(09:32):
it's now worth five hundred billion dollars. So this is
what they've said. Bank of England's Financial Policy Committee. The
risk of a sharp market correction has increased on a
number of measures. Equity market valuations appear stretched. This leaves
equity markets particularly exposed should expectations around the impact of
AI become less less optimistic. And the problem is you
(09:53):
had that study come out from Massachusetts from MIT the
other week saying that ninety five percent of organization that
are using generative AI are getting zero return from their investments.
Bryan Bridge five twenty Queenstown Lakes Council voting today on
Freedom Campus thirty percent jump and overnight stays there. Region
is the most popular for them, double the number of
(10:15):
the next most popular, which was Nelson Tasman, pressure on roads, lakes, waterways,
all that stuff. Andrea Beryl Is with Save Clean New Zealand,
joins me this morning. Andrea, good morning, Good morning, Ryan.
How are you very well house beautiful Queenstown this morning.
Speaker 8 (10:30):
I'm in Monaca and I've not had too many cups
of tea yet, so I think we're all good. It's
still pretty dark, but yeah, it's all good.
Speaker 2 (10:37):
Andrea you're not against freedom camping, but what's wrong with
some of the places where they are doing it.
Speaker 8 (10:43):
I mean, I've worked in tourism for nearly over twenty years,
so you know, we know that the region heavily relays
on tourism. The problem is some of the areas that
they've chosen are just a little bit bizarre, like right
in front of people's houses. So I look after a
property on bicker Point Road which is heavily used by locals, tourists, travelers, bikers,
(11:04):
people walking their dogs, runners, and then they want to
put five parking spots right outside this house. There's no
rubbish facilities, there's no toilet facilities, and on rubbish we
can't even get our own rubbish picked up by the
council because the road is too narrow. So how on
earth are they going to deal with the rubbish from
people leaving it behind because not all campers, sadly, are responsible.
Speaker 2 (11:29):
This is spir laws. This is one of the fifteen
designated sites. How are they picking these sites?
Speaker 8 (11:35):
That's a very good question. So it started with us
thinking about Beacon Point Roads, but then it expands to
other areas in the region. We've got Allenby park, which
is a car part right by Iron, which raises you know,
fire hazards. If someone sparks a fire, then Mount Iron
goes up and flames. You know, that's alarming. All the
rural roads, you know, they've got these rural roads that
(11:57):
have said yeah, yeah, come and park on the rural roads,
but all the people that live on these rural roads
and said, there's actually nowhere safe for people to pull over.
It has to be five meters from the road on
a hard surface or a heavy gravel sort of area,
and that's pretty much someone's driveway. Because the rural roads
don't have those. There's some of them are so narrow
(12:17):
that you can't turn around. So it's like it's like
they've just looked at a map and went they're there,
there and there, that they haven't really done it by sight.
Speaker 2 (12:25):
Andrea, what's it like that? I mean, it's been a
while since we've had a camera down there giving us
an update. But what's the lot I mean of people
still doing their business in the trees and on the
streets and stuff, or was a lot plainer than what
it used to be.
Speaker 8 (12:36):
Well, no, the water quality is deteriorating, and why is
that you know, and if we allow people to have
these so called self contained camper vands, you know, you
know these little backpack of lands, they don't they have
a little blue sticker saying that you know, they're going
to have a pee or a pooh in they're in
their van. They're not using those you know. The Camper
Van Association, Yes, they've got some beautiful big motor homes
(12:59):
and camper vans and they travel around and they're really
four there, so and we agree with them, like we
want people to come in their campervans, but not everybody
is going to be using the toilets on board. And
one other issue is there's not that many public dumping
stations for people. If they are the responsible people, you know,
they need to empty the sewage. And I was looking
the other day and from Half to Queenstown there's only
(13:20):
two dumping stations. Two but gross, and where are people
supposed to dump the poop?
Speaker 2 (13:28):
Well that's what we're all now thinking about. Andrew, thank
you for your time this morning. Andrea Beryl Save, Queen
New Zealand spokesperson Queenstown Lake District Council. I think we'll
vote on that tomorrow. Forgive me twenty three after five.
There is a little bit of me, a little part
of me that is a bit happy when I hear
about you know, when you start to hear about Freedom Campus,
that means these tourists. You know, when you start to
(13:48):
hear about things that we like. Once house prices start
going up and we complain about that, also, I'll be
a little bit happy, you know. Twenty four after five.
Speaker 1 (13:57):
The early edition Full the Show podcast on iHeartRadio Power
by Newstalks IV.
Speaker 2 (14:05):
Twenty six after five. This story about sick or disabled
teenagers getting the doll just doesn't make any sense to me.
Government wants to cut the doll for teenagers whose parents
earn sixty five thousand plus a year. Okay, their justification.
If poor old mum and dad have to cover their
living cost, then the teenagers might go out and actually
find a job motivation. Okay, fine, that's about four thy
(14:28):
eighteen to nineteen year olds they reckon. But here's regets complicated.
It turns out that around half that number are getting
the doll not because they can't find work, but because
they can't work, like physically. Have a look at the
whim's website. It lays out the criteria for you. You
basically have to prove the reason with a doctor's certificate. Basically,
you can't work full time because you have a disability,
(14:50):
an injury, or a health condition which prevents it. They
mentioned things like chronic stuff like hemophiliacs asthma sufferers. Here's
the rub. Little Johnny can't work, and we accept that
because the doctor has said so, and the point of
cutting Johnny's benefit is to encourage him to work, Then
we have an obvious problem. You can't encourage somebody to
(15:12):
work who can't work, can you. This makes no sense.
Either the government is not believing the health conditions are
real or not that serious, or they're saying that parents
on sixty five thousand dollars a year should be financially
responsible for their kids until they're twenty, even if those
kids can't work for good reason, which I think is
(15:33):
a bit unfair. Johnny's parents didn't choose I'm sure to
have a disabled child or a kid injured in a
car crash at home in the prime of their lives. Ministers,
I think need to either explain this announcement better or
pull a swift U turn before the ink drives on it.
I am bread Bread twenty seven after five news talks
here B nine two ninety two is the number to
(15:54):
text morning, Ryan, I invested in morning, Mandy, I invested
in gold in twenty twenty two. Who was twoy two
hundred ounce? That's Kiwi dollars. I've just checked this morning.
It's seven thousand and thirty announce. Well look at you, Mandy. Congratulations,
We're all stoked for you. No, that's very good. Twenty
(16:16):
eight minutes after five. We'll talk to Barbara Edmans just
before six this morning. So she's come out and said welcoming,
cautiously welcoming the OCR decision, yes today, But she's also
said that she's worried about inflation. And so my question
for Barbara Edmunds this morning is this, what's driving inflation domestically?
What's driving inflation? And you would have to say insurance
(16:40):
is always up there, but what's the other one council rates?
So if you are worried about inflation, do you want
them to keep the OCR high forever or do you
try and bring down the cost of councils? Do you
put in a limit on rates? Rates cap that's what
(17:01):
the government wants to do. Will you support that, Barbara Edmonds,
if you are so worried as you say about inflation
or that's what's driving it. You know, the drones over
in Europe, We've been talking about those for a couple
of weeks now. Interesting Germany is drawing up a law
that's going to let the cops shoot them down out
of the sky. This is only past cabinet, hasn't gone
(17:21):
through the parliament yet, but basically saying shoot them down.
The Kremlin's hybrid war needs to come to an end.
They're also instigating a dedicated counter drone unit within police,
and they've been talking to the Ukrainians and the Israelis
because you know, they know a thing or two about it. Obviously,
News Talk ZB Where to the State's Next.
Speaker 1 (17:48):
On your radio and online on iHeartRadio early edition with
Ryan Bridge and are the Supercenter explore are these accessories
and servicing all in one?
Speaker 2 (17:59):
News Talk said to be poor away from Stres Barbara
Evans from Labor on the OCI coming up shortly. We'll
also head stateside for the latest on the shutdown. We'll
hear also about the guy who lit that allegedly lit
(18:20):
that massive Palisades fire that wiped out, thousands of homes,
see people running and dying. The weird thing that he
googled and put on the internet before.
Speaker 7 (18:30):
He did it.
Speaker 2 (18:30):
We'll tell you about that shortly.
Speaker 7 (18:32):
Now.
Speaker 2 (18:32):
The interesting thing about the shutdown over in the US,
lots of your text as well on benefits for young
people will get to those shortly. But over in the US,
because of the shutdown, there's a bit of a data vacuum.
Trump's loathed Bureau of Labor Statistics is pumping out nothing
at the moment. Lights are out because of the shutdown,
so everyone's looking at alternatives, and basically the alternatives aren't
(18:54):
painting a great picture. Bank of America reckons there's been
a ten percent rise in unemployment payments in October. That's
compared to a year ago. The Carlisle Group, which is
a private equity firm, they estimate US employees added seventeen
thousand jobs in September. That is down from twenty two
thousand in August. And I mean, basically, it's not the
end of the world. It's not like there's mass firings
(19:15):
going on at the moment, but there's also just not
a lot of hiring. We'll get to our US correspondent shortly,
it's twenty three to six, Ryan Bridge, and we'll go
to our reporters around the country and we will start
this morning in christ Church with clear clear Good morning,
Good morning.
Speaker 9 (19:33):
What are we talking about today, Well, the Garden city
is going green in more ways than one at the moment. Ryan.
This is as we prepare to host the world's top
climate mines. We've got more than ninety countries being represented
next week at Tibai Convention Center for the International Adaptation
Futures Conference. The event aims to accelerate the international climate
(19:54):
adaptation with a big focus on issues for Pacific and
Indigenous people. The conference co convena Bronwin Heyward says this
is the biggest un and climate meeting the country will
ever host. Climate change commissions. Holly Walker says it will
be a big opportunity to understand cascading risks, basically how
one failure can then cause a chain reaction. She says
(20:17):
cyclone Gabrielle was one example of this, when the storm
knocked out a road with tellercommunications and power beneath it.
Speaker 2 (20:26):
How's your weather clear?
Speaker 9 (20:27):
Should be fine today, bit of high cloud increasing this
afternoon northerly Be twenty two.
Speaker 2 (20:32):
Thank you very much for that. Let's go to Dunedin
now with Callum Calum good morning morning, right, a bit
of a bittersweet end for the Kluther mayor.
Speaker 7 (20:41):
Yeah, this is Brian Kidogan. His rain is over.
Speaker 10 (20:45):
He was so first elected in nineteen ninety eight and
so has been mayor there since twenty ten.
Speaker 2 (20:51):
He's sixty five years old now.
Speaker 10 (20:53):
He says he kept rates rises to four percent for
less than or less than that for more than a
decade until he'says government water reforms left the council.
Speaker 7 (21:03):
They're facing massive debt.
Speaker 10 (21:05):
He says he's been grateful for the chance to serve
the district over that time. Since it's time for the
next generation now to step up Barricadogan says that the
reforms will leave communities ravaged by rate hikes. Sending three
waters has the ability to change society, but instead it's
say quote cluster stuff.
Speaker 2 (21:23):
I'm glad you ended it that way. Callum. How's your weather?
You have two spots of evening rain?
Speaker 10 (21:29):
Otherwise find today for Dneda Nordley's pick up end twenty today.
Speaker 2 (21:32):
All right, Maxim Wellington, Max things looking up there?
Speaker 7 (21:36):
The exact opposite. Yes, fine sarcasm.
Speaker 11 (21:39):
The Wellington Chamber of Commerce has been surveying forty senior
business leaders in the CBD. They employed about one thousand
people on a year ago. About two thirds are either
performing the same or worse financially. Despite the fact we've
got a local election coming up and it will be
difficult to foresee a council and a mayor being elected
a little less friendly to businesses than the current ones.
(22:01):
Only ten percent are optimistic the capital's economy will be
substantially better in a year, consumer confidence and demand being
blamed low productivity growth. A majority though very dissatisfied with
the council itself. They're not being talked to and where
they are they feel their input is being ignored. The
Council's chief Economic and Engagement officer has told us she
(22:23):
concedes there are certainly improvements to be made, but she
believes they're on the right path to being business friendly.
All right, how's your win her overcast rizzley, strong winds sixteen.
Speaker 2 (22:33):
All right, cheers mate and Neva in Auckland, Nev, good morning,
good morning. So we've got investigators searching East Auckland for
anyone connected to this fire.
Speaker 12 (22:42):
Yes, it's right. Look double homicide, father and son. So
police they've confirmed that Buckland's beach fire last week, killing
the thirty six and eleven year old was deliberately lit.
So we know that three people escape the blaze. Now
we know that an accelerant was found at the scene.
Police they are seeking any foot of people in the
area before the fire. They don't have a person of
(23:03):
interest yet, but they're hoping that information from the public
will help. So if you know anything, in contact the police.
Speaker 2 (23:08):
Absolutely. I saw there as a fire truck broke down.
Did you see that yesterday? On the way to a job.
And because they're going on strike of course, so they
posted a photo of them standing in front of this
useless truck just sitting idle doing nothing while there's a
fire burning.
Speaker 12 (23:23):
And this isn't the first time either, is it, that
they've had broken down trucks. It happens a little bit.
I think a couple of months ago there was a
fire here in Auckland. They had to get a truck
from Hamilton that broke down or something.
Speaker 2 (23:35):
Or rather the big problems and you think like there
are basic things that you sort of expect will happen
in society, you know, like law and order sort of,
some sort of defense and maybe a fire truck that
works exactly. How's that weather?
Speaker 7 (23:50):
OK?
Speaker 12 (23:50):
Scattered rain around about midday clearing though this evening nineteen
is the high here in Auckland.
Speaker 2 (23:54):
Not the rain can put all the fires out. Fantastic
thanks to eighteen away from six News Talks the b
the States.
Speaker 1 (24:00):
Next international correspondence with ends and eye insurance. Peace of
mind for New Zealand business go.
Speaker 2 (24:07):
To the thick Farber imands standing by. You know that
big Palisades fire in Los Angeles earlier this year, massive
one twelve people died. COMPS have just arrested.
Speaker 13 (24:15):
A guy from Florida, Jonathan rendernsh aged twenty nine, residing
in Melbourne, Florida, was taken into federal custody by ATF
special agents, a Los Angeles City Fire Department investigator and
a Los Angeles Police detective. Renderneck, as the US attorney
mentioned as charged under Title eighteen eight forty four f
(24:35):
Malicious destruction by means of a fire, real property owned
by an organization receiving federal financial assistance. I can tell
you this from day one ATF and our partners have
been relentless. We made a promise to find answers, and
we have kept that promise.
Speaker 2 (24:52):
Nick Happa is a US correspondent.
Speaker 7 (24:53):
Nick.
Speaker 2 (24:54):
What do we know about him?
Speaker 7 (24:55):
Hey, good morning, Ryan.
Speaker 3 (24:56):
Not a great deal of this stage. We know that
he's a twenty nine year old man, Jonathan Rindagnick. As
we heard there, he was allegedly working as an uber
driver at the time, and after dropping off someone, he
apparently started a fire on a nearby trail, and it
was that fire that then spread dramatically right around the area,
leading to the destruction of almost seven thousand buildings and
(25:19):
twelve people unfortunately also died in these fires. I mean,
it was unbelievable, some of those pictures, those images that
we saw coming out of Los Angeles in January this year.
Prosecutors say that he maliciously started this blaze. They don't
know the motive yet, but they are very much saying
that he was behind it, that he orchestrated it, and
(25:39):
that he did plan this to happen. But of course,
the extent of this fire was not known at the time.
I guess when he started this, he could not have
predicted it at the moment he's being charged with destruction
of property, but of course additional charges may be added,
and we could see things including the amount of buildings
destroyed seven thousand added to those charges, potentially even something
(26:01):
related to the deaths of those twelve people as well.
Speaker 2 (26:04):
All right, Nick on Comy, he's obviously blame in court
as far as an arraignment, and he's plading not guilty.
And I see that his lawyers are going out after
the US attorney that Trump appointed.
Speaker 3 (26:14):
Yeah, that's right. I mean they feel that this is
just a hit job against James Commey, the former FBI director.
They feel it's payback retribution from the US president who
has been targeting and where possible, trying to prosecute his enemies.
Donald Trump has described Comy and others as guilty as hell.
His lawyers, though, say that this is something that has
(26:36):
just been targeted against the FBI director, the former FBI director,
and that is it is a malicious and selective prosecution.
His lawyer's trying to get this case thrown out, also
not happy with the judge Trump appointed judge there presiding
over the case. There is a possibility of five years
in jail for James Comy. If he's found guilty, trial
(26:58):
takes place at the beginning of next year, January the fifth.
The president, of course, arguing that he has to get
behind bars for being part of this Trump Russia probe
looking at Donald Trump's when back in twenty sixteen they
say that he lied to Congress about exactly what he
was involved in in that investigation.
Speaker 2 (27:15):
Cheers Nick. Nick Harper, our US correspondent. This morning, time
is twelve away from six Ryan Bridge jode Icars dropped
fifty points. We're two and a half percent full consensus
with the Monetary Policy Committee and we may get another
quarter hit before Christmas. Labour's finance spokesperson Barbara Edmonds says,
the banks taking a risk.
Speaker 14 (27:32):
My concern is around the inflation, particularly being sticky. Is
it might come down next year, but those administered costs
that we are seeing are.
Speaker 2 (27:39):
Quite a concern for me. She's with me now. Good morning,
Good morning, Ryan, Good to have you on the show.
As always, did they make the wrong call?
Speaker 14 (27:48):
Well, I think they made the right call given the
data that they've got before them, and even in the
immedia statement they did talk about those inflationary risks, but
ultimately right now they believe they're a spare capacity in
the economy, which is why they had to cut interest
rates have indicated a potential further put and for me,
it's a direct response to the economic damage caused by
(28:10):
crystop re luxan.
Speaker 2 (28:11):
You're talking about the inflation problem, domestic inflation. Council rates
always a big one. Are you going to support a
rates What are you going to do to keep that down?
If inflation is such a worry for you.
Speaker 14 (28:23):
We can to see where the government gets to with
their work on that, and we want to see the detail.
If it's a good policy proposal, we know that it
will help bring rates down, we will provide the support
where we need to.
Speaker 2 (28:35):
What does a good proposal look like?
Speaker 14 (28:38):
And again they've got a group working on that. We
want to see what that looks like. And you do
need the detail about that because obviously any policy detail
may have other consequences. So we really hope the governments
when they do come up with a response to it,
that it be something that we can support because we
know that ratepayers are hurting.
Speaker 2 (28:57):
If they say, look, we want to elect capitat inflation,
would you be on board with that?
Speaker 14 (29:05):
And it depends on then how the councils are going
to be supported to pay for the infrastructure that they need.
So there are pros and cons to that, because councils
obviously need money for historical water infrastructure that hasn't been
kept up to date. So again we're open to supporting
the government, but we need to see the detail and
we do look forward to that.
Speaker 2 (29:25):
You've said this is down to national's economic mismanagement, and
you know it's hell and a hand basket stuff. When
Labour left office, infation was six to seven percent, the
ocr was five and a half.
Speaker 14 (29:38):
And we were coming off the back held some really
high tradable inflation so real high global prices. But ultimately,
since the government has come in, the economy is going backwards.
We've lost thirty six thousand jobs since they took over.
We've had two seven hundred business liquidations and quis are
leaving overseas like two hundred per day. So he has
(30:00):
gone backwards. Christphal lucks and promised to make it better,
but he's made it worse.
Speaker 2 (30:04):
Hey, Barbara, a lot of people were impressed by your
performance at the mood of the boardroom the other week.
Have you had much good feedback about.
Speaker 14 (30:11):
That I have, and it was an interesting time time
to be there. I mean, ultimately, I think it was
a very strong message to Nikola Willis and to Christopher
Luxeon that you can keep saying growth, growth, growth, but
you actually that they actually want to see action on that.
Speaker 2 (30:29):
All right, Barbara, appreciate your time this morning. Thanks for
being on the show. Barbara Edmonds, whose Labour's finance spokesperson,
time is nine to six news talks, heb News.
Speaker 1 (30:37):
And Views you trust to start your day. It's earlier
this ship with Bryan Bridge and are the supercenter next floor?
Are these accessories and servicing? Fall than one news talks?
Speaker 2 (30:48):
B sive into six news talks hereb we just spoke
to Barbara Edmonds from Labor and a lot of you
are saying, well, what the hell does she know? Why
would we even listen to her? Well, I mean she
could be the finance minister. I mean if you look
at that pole yesterday, she could be the finance minister.
I think at least she's willing to sit down and
have a well, I think a genuinely constructive conversation about
a rates cap. I think she sounded pretty genuine on that.
Speaker 7 (31:10):
It is six to six.
Speaker 2 (31:11):
Now Mike's in the studio. Morning, Mike, Greetings, what's on
the show today?
Speaker 15 (31:15):
Well, Jeffrey Archer apart from anything else, and the finance minister,
but the three sixty thing we'll look at as well.
Speaker 2 (31:24):
What's your thinking?
Speaker 15 (31:24):
Well, well, first of all, no one cares because there's
no buying, is there. See Ronaldo this morning has been
made Bloomberg's first official football billionaire. And I was thinking
about this, do you? So he's paid four hundred as
real money comes from endorsements and stuff, not necessarily as
salary anyway, So he's sitting in Saudi Arabia. Tell me
(31:46):
the result of his team's last out.
Speaker 2 (31:47):
H wouldn't you would have a clear No one cares.
Speaker 15 (31:49):
So he's sitting in Saudi Arabia earning all this money,
presumably in a nice house with some servants. Now, are
you genuinely happy when you look at the EPL And
you're looking at the EPL and go I could be there,
or the Sierra League in Europe and I could be there,
but I'm not. I'm in Saudi Arabia earning I've got
shed loads of dough. Are you genuinely fulfilled? Or would
you rather be elsewhere earning lists. You see what I'm saying.
Speaker 2 (32:11):
Well, yeah, but he's obviously obviously he's happy.
Speaker 15 (32:13):
Otherwise, No, you don't know that he might have massive regrets.
I don't think I could work for somebody I would
need to enjoy, no matter what, I would need to
enjoy what I'm doing. I don't mind earning a lot
of money.
Speaker 2 (32:23):
But clearly not. But I need But it is. But
don't you need to? I mean, sure, it's all very
well to say I need to, I need to have
purpose and all that stuff. But maybe you reach a
point where you've fulfilled your purpose. Possibly you've tipped all
the boxes you wanted to check, and actually now you
just like to be ripped.
Speaker 15 (32:38):
The funny thing about the R three sixty thing is
no one's going to care about it because there is
no buy in.
Speaker 2 (32:43):
But here's here's the really interesting They start paying and
then the players go fun.
Speaker 15 (32:48):
No, no, because if a player at Ardie Savia, Yeah, okay,
so they get Ardie Savia and they pay him one
hundred and twenty million dollars and he's sitting next to
Ronaldo and his gated community having.
Speaker 2 (32:58):
The time of his life.
Speaker 15 (32:58):
Are you're watching the game that ARTI you're not watching artists,
sob you watch Ardie Sabia because he plays with the
All Blacks and he's a great all black, aren't you.
Speaker 2 (33:05):
That's what he is in New Zealand? Yes, but what
about the rest of the world.
Speaker 15 (33:09):
The bristl of the World's got their own teams and
their own competitions.
Speaker 2 (33:12):
So here's the real issue.
Speaker 7 (33:14):
All right.
Speaker 15 (33:14):
So if you've done a deal which they have with
people to go on sabbaticals to Japan, for example, you
go away for a season, earn a lot of money,
come back and being all black another day, you've set
a legal precedent. So what the associations are saying now
is you can't you go to R through sixty. You're
banned from being an international Will hold on, wait a minute.
You've already done a deal with Japan in places like that.
(33:35):
Why is this suddenly different?
Speaker 2 (33:36):
And legally can get away with it directing like the Kremlin.
But yeah, you're monopoly.
Speaker 15 (33:41):
You're constraining a market, yes, but I don't know that
you're allowed to constraint with supermarkets.
Speaker 2 (33:46):
We want more, we want a lines, we want more
right banks, we want more rugby HM. Mike's for your
next to have a great Thursday Seat tomorrow.
Speaker 1 (34:06):
For more from Early Edition with Ryan Bridge, Listen live
to news Talks it'd be from five am weekdays, or
follow the podcast on iHeartRadio
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