October 9, 2025 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Friday 10th of October 2025, Donald Trump says the first phase of a Gaza ceasefire deal has been signed, Washington Bureau Chief for the Guardian David Smith has the latest out of the US.
ACC has reporter yet another deficit, Minister responsible for ACC Scott Simpson shares his thoughts.
New rules are out on when a rental’s too contaminated with Meth, Property Investors Federation Advocacy Manager Matt Ball tells Ryan how big of a difference this will make.
Plus, UK/ Europe Correspondent Vincent McAviney has the latest on Israel's stance on the Gaza ceasefire deal.
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Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
earli ereditship with our V Supercenter, explore our V successories
and servicing all in one News Talks sa'd be.
Speaker 2 (00:12):
Good morning six after five year on News Talks dB.
We'll go to Washington on this Gaza, pece Steel. Trump's
holding a cabinet meeting as we speak. Vincent mcavinie in
the UK for US this morning, another warning about another bubble,
warning about US stocks, the ACC Minister on the deficit blowout,
plus how much myth is too much myth for a
rental property. The agenda is Friday, at the tenth of October.
(00:34):
There's hope and Gaza for the first time in a
long time.
Speaker 3 (00:41):
We are happy that the war will hopefully end and
that the bloodshed will come to an end.
Speaker 4 (00:46):
Despite our happiness, we cannot help but think of what
is to.
Speaker 2 (00:49):
Commit, So a bit of water to go under the
bridge yet, So Trump's got a cabinet meeting right now.
Israel's security cabinet is meeting as we speak as well.
They are expected to sign off on the cease five plans.
Speaker 5 (01:00):
There is no corresponding commitment that has been stated as
of yet by the Israelis to actually end the war.
There is a commitment to pause. There is a commitment
to withdraw partially.
Speaker 2 (01:15):
You know that weird Polish woman who reckons that she's
medaling McCann has been harassing the family.
Speaker 3 (01:21):
About a year ago, I started to make a research
on internet because I started to think that maybe I'm
missing child. I thought in my life that something is
from here because my mother didn't hug me, didn't say
I love you, so it was suspicious to me.
Speaker 2 (01:42):
You should love because I mean, it's completely insane. She's
appeared in court. She's accused of stalking. The family met
the McCann family that is apparently Madeline's mum. Kate says
she's been harassed. The girl is demanding a dnaight is
to prove that she is in fact Medaline McCann. Back home,
we had another huger followed by another suspension in the house.
Speaker 6 (02:03):
No, not that the guarantee was that would not be
taking place.
Speaker 2 (02:22):
Who who'll suspended?
Speaker 1 (02:29):
News and views you trust to start your day? It's
earlier This ship with Brian Bridge and r the Supercenter
explore r v's accessories and news talks.
Speaker 2 (02:40):
That'd be poor old Jerry having to get off his
feet again. Funny old day in Parliament yesterday. So you
have the leader of a political party accused of acting
like a dictator, holding a press conference to reset the narrative,
and then, when asked the obvious question about the D word,
promptly cancels the press conference walks away, practically dragging the
Cooke happen along with him, exit stage left.
Speaker 7 (03:02):
What's your response to allegations of a dictatorship model.
Speaker 8 (03:06):
You think.
Speaker 2 (03:11):
Basically it was so it looked to me like Debbie
was actually keen to stick around and answer some questions.
You can't invite the press to a press conference then
walk away after three and a half minutes because you
want to control the questions as well as the answers,
because that kind of sounds a little bit like I
don't know something a dictator would do. You know what
we did here, loud and clear from at Ravari yesterday
was that the coalition sucks and they want them gone.
(03:34):
The alternative. These guys have been meeting behind the scenes, Labor,
the Greens, to Party Marty. They've been trying to figure
out how do we make it work because we're a
year away now, and Hipkins's real Achilles heel is ravdi, unpredictable, brash,
untested in a high profile, demanding job like a cabinet minister,
which is what he's gunning for, and judging by yesterday's performance,
(03:55):
he's clearly not big on the whole transparency thing, which
is actually kind of important when you're government. There are
a couple of ways around this. They could go confidence
and supply and they don't get the baubles of office.
This is what Peter Dunns suggested they do this week.
That kind of nullifies the rights attack on this coalition
of chaos, that whole thing. But it also creates another
(04:15):
problem for Hipkins, you see, because what you don't barter
and trade on jobs, you then must concede on policy.
And their website, if you go to Party Marty's website,
there's stuff like, you know, cutting police funding fifty percent,
get directing it elsewhere, abolishing prisons by twenty forty, replacing
them with some Scandinavian model, a separate justice system, separate parliament,
those sorts of things, and hep can say what you
(04:37):
want about his performance, knows politics and knows what the
center your swing voter will and won't tolerate, and much
of the party Marty's policies fall into the latter camp.
Five Chin on Newstalk s B nine two nine two
is the numbers to Text'd love to hear from you
this morning. If you do like to, If you rent
a property and you do like to occasionally smoke, well don't.
(05:01):
But there are new rules about how much they will accept.
And if you're a landlord, what level does it need
to get to before you have to do a cleanup job.
Speaker 1 (05:10):
That's next The news you Need this morning and the
in depth Analysis early edition with Ryan Bridge and r
V Supercenter explore r VS accessories and servicing fall in
one News Talks.
Speaker 2 (05:23):
D B by thirteen News Talks B. We'll go to
Washington for the latest on the ceasefire plan. Trump has
just announced he's holding a cabinet meeting right now. He
says the whole world has come together for this, and
the hostages will be released Monday or Tuesday. This is
according to the White House. So the ceasefire has to
be signed off by Israel's security cabinet. That's happening at
the moment. Within twenty four hours. The Israelis will withdraw,
(05:46):
they'll go to yellow lines, predetermined lines, and then as
if what Trump says is true in the last couple
of minutes, the hostages will be released Monday or Tuesday.
Humanitarian aid to Palestinians should then flow. And then the
question is, well, what happens with the place? You know,
what happens with Garza. About half of it was listening
to the Israeli Defense minister this morning. He reckons they
(06:06):
will withdraw from fifty three percent of where they have been,
and then an international stabilization force will form. And so
the Europeans then get involved. The ministers, the top officials
from Arab states, they meet in Paris next week and
they will talk about future governance of Gaza. They will
talk about aid, they will talk about reconstruction, getting the
(06:27):
military out, all of that stuff. Trump could travel to
the region, they reckon potentially over the weekend. It is
five fourteen Brian. We've got new rules out on when
a rental's too contaminated with meth. Under fifteen micrograms per
one hundred square meters, you're fine. Fifteen to thirty you
need a clean over thirty either side can in the
(06:48):
lease within a week Matt Ball Property Investors Federation is
with us this morning. Matt, good morning. So this is
good because it gives clarity.
Speaker 9 (06:58):
Yeah, it does. So at the moment, there are two standards.
There's one point five micrograms per one hundred square centimeters,
and then there's the fifteen micrograms, which is the science
advice above or below which sorry, it's unlikely to cause
in adverse effects. So fifteen and below health is fine.
Fifteen and above you need to decontaminate. Must rule clarifies.
(07:22):
It's great.
Speaker 2 (07:22):
How much what does decontamination cost? Like, if you're in
the fifteen to thirty where you need a clean what
does that mean like just a bit of spray and wipe.
Speaker 9 (07:31):
No, it can be quite extensive depending on the level
of contamination. So just to give you a bit of
an idea, Caring AURA spends around three to four million
dollars a year decontaminating and they only decontaminate at levels
above that fifteen. That's quite a cost.
Speaker 2 (07:47):
Shirt do you see much of it these days?
Speaker 9 (07:51):
Yes, our members do see a lot of it, and
because of this conflicting standard, we have members decontaminating at
levels above one point five. Moment so that's a considerable cost,
which really they shouldn't have to spend, and that cost
will be removed, so that's great. I did a quick
search of tendency tribunal cases before I came on here.
(08:12):
Nearly eight hundred cases in the last three years, and
these are the cases that reach the tribunal, are the
ones with high contamination. Generally, that's also quite a considerable expent,
so it's a big problem. This doesn't solve the meth problem,
but it does solve the confusion. It will reduce the costs,
and hopefully it will make people feel a bit better
(08:34):
knowing that the contamination there was a set at the
actual scientific recommended levels when they actually do start to
impact health.
Speaker 2 (08:43):
Matt, appreciate your time. Thanks for being with me. Matt Ball.
The Property Investors Association time is sixteen minutes after five,
Bryan Bridge, you should sear from Trump at the White House.
Speaker 10 (08:54):
Peace in the Middle East. We secured the release of
all of the remaining hostages and they should be released
Monday or Tuesday. Getting them is a complicated process. I'd
rather than tell you what they have to do together.
There are places you don't want to be, but we
are getting the hostages back on.
Speaker 2 (09:15):
That was Donald Trump speaking and just in the last
few minutes. It is five seventeen. We will get to
the ACC Minister, Scott Simpson next. Because the deficit just
keeps blowing out and blowing out and blowing out. So
what do you do about it?
Speaker 1 (09:27):
The first word on the News of the Day Early
edition with Ryan Bridge and r V Supercenter explore RV's
accessories and servicing all in one news Talks.
Speaker 2 (09:37):
At b five nineteen. Great to have your company this
Friday morning. We'll get to Vincent mcavinie in the UK
after the News at five point thirty for the latest,
there is an interview with the boss of JP Morgan,
which is the biggest banking in America. He's warning about
a bubble. We've been talking about this for the past week.
We'll have more on that afternoons at five thirty. What
are we going to do? In the meantime with ACC
they've reported yet another deficit one and a half billion
(09:59):
for the financial year. This takes the struggling agency nearly
fourteen billion in the red. Scott Simpson is the ACC
Minister live this morning. Scott, Good morning, Good morning Ryan.
So the Finance minister says, this is underperforming. You obviously
agree with that. I know you've got to turn around. Plan.
When does that see us getting out of deficit?
Speaker 11 (10:19):
Well, not immediately, so some years away. But the good
news Ryan is even though this one point five billion
dollar deficit over the last twelve months is a big number,
it's an awful lot better than the seven point two
billion deficit the previous year. So some good work has
already commenced at ACC in terms of getting the entity
(10:43):
back on track. But there's a lot of work yet
to do, and most of that reflected in actually just
doing the basic stuff really well, doing it consistently, and
doing it over and over again on behalf of New
Zealanders who need to get rehabilitated and back to independence fast.
Speaker 2 (11:00):
You're looking at cutting the ability of some claims like
mental health claims apparently, can you give us an example
of what exactly that would mean or change potentially?
Speaker 11 (11:10):
No, I'm not considering that at all. That's not correct
at all I want to have happened is for the
ACC scheme and the good people who are making sometimes
difficult decisions every day on behalf of the scheme and
all New Zealanders. I want them to get back to
doing the basic stuff really well, to focus on their
(11:31):
core business, which is ensuring that New Zealanders when they
do have an accident, are rehabilitated and getting back to
being fully participating members of society.
Speaker 2 (11:41):
So no claims. That absolutely nothing changing with claims because
you're reported this is from stuff he had. This is
you previously questioned where the ACC might need to offload
responsibility for some mental health claims to a different agency
to ensure the insurance scheme is sustainable.
Speaker 11 (11:57):
Look, that was a comment that I made some time ago.
But as I say, now into the role far more
closely than I was when I made those statements. I'm
very happy that ACC is focused on the work that's done.
We've got a new chair. I've just appointed a new chair,
Jan Dawson. Yes, I'll be working very closely.
Speaker 2 (12:18):
And we won't cut There'll be no change to claims,
no criteria change.
Speaker 11 (12:23):
Look, the ACC legislation is there for a purpose. It
has boundaries, it has rules, and ACC personnel work within
those all day every day to ensure that will change
for me better. I'm not planning any changes in that regard,
all right.
Speaker 2 (12:40):
Very good. So a couple of years we'll be back
in La you reckon.
Speaker 11 (12:43):
Well, we've got a lot of work to do. But
that will mean that there needs to be a focus
on doing the core basic work of ACC well regularly
and consistently, just.
Speaker 2 (12:54):
On that working from home. I was shocked to see
a couple of weeks ago that they still working from home,
a lot of staff only coming into the office two
days a week. I think now they've agreed, begrudgingly to
come in three days a week. What's going on here?
Speaker 11 (13:10):
Well, though, that is one part of what will need
to be a turnaround. I mean, ACC staff have had
some very generous working from home arrangements, and I was
pleased to see that the chief executive, Megan Maine, has
decided to bring them back for at least three days
a week.
Speaker 8 (13:28):
Great.
Speaker 11 (13:30):
I think there's still more work yet to be done
on that one, right mister.
Speaker 2 (13:33):
People will be looking at this and looking at the
size of this deficit and the ours worked in the
office and be thinking, hmm, get you. I mean you
guys said it was a year ago, you see to
get back to the office.
Speaker 11 (13:45):
Was it exactly so? As to say there's still a
lot of work yet to be done at acc.
Speaker 2 (13:52):
Okay, I just to appreciate your time. Scott Simpson, whose
minister responsible for that lot? Twenty four minutes after five
News Talks.
Speaker 1 (13:58):
They be the earlier full show podcast on iHeartRadio Power
by News Talks.
Speaker 10 (14:04):
At me.
Speaker 2 (14:06):
Twenty six after five. Good to have your company this morning.
I know you've been waiting for this. You have been
waiting so patiently. In just a few hours, we will
finally know who's won the Nobel Peace Prize, the world's
most prestigious award.
Speaker 12 (14:19):
Everyone says that I should get the Nobel Peace Prize
for each one of these achievements.
Speaker 1 (14:23):
They should give me the Nobel Prize for Rwanda.
Speaker 12 (14:26):
If I were named Obama, I would have had the
Nobel Prize.
Speaker 3 (14:31):
Given him two in ten seconds.
Speaker 2 (14:33):
Yeah, so he really, really, really really wants it bad.
It's been going since nineteen oh one. A bunch of
Norwegians basically sit around a table and sort through their candidates.
This year, there's three hundred and thirty entries. Four US
presidents previously won it. Obama, as Trump mentioned, Roosevelt Woodrow
Wilson won it nineteen nineteen. Jimmy Carter got it two
decades after he left office. But one man wants it
(14:54):
more than anyone else, and even in the last few
hours Benjamin Nettinya who has tweeted that Trump should They.
Speaker 12 (15:00):
Won't give me a Nobel Peace Pas because.
Speaker 10 (15:02):
They only give it to liberals.
Speaker 12 (15:03):
Will you get the Nobel Prize? Absolutely that he got
the Nobel Prize for doing nothing. He's for getting elected,
But I got elected too.
Speaker 2 (15:11):
To the criteria, the prize goes to whoever has done
the most for fraternity between nations, whoever gets rid of
or reduces the size of armies, and whoever basically promotes
peace the most. Basically, who's really good at doing peace.
Speaker 12 (15:24):
It's up five nations from going to war. And somebody
else will get the Nobel Peace Prize for their writing
about Donald Trump.
Speaker 10 (15:32):
To be a big insult to our country. I will
tell you that I don't want it.
Speaker 2 (15:36):
I want the country to get Here's the bad news.
Trump's not going to win this three reasons. One they
met and decided on Monday. That was before this Gaza
deal was announced. Two, it actually isn't even for this yet.
It relates basically to twenty twenty four or prior. Trump
wasn't even an office at that point. The applications for
this closed only a month into his second term. And
(15:58):
three he's pulled out of you know, the Power's Accord.
He's pulled out of the World Health Organization, and they
don't really like that, you know, they're not really into that.
So I may be proven wrong in a couple of
hours time, but my money is on Trump not winning
this thing. And if it doesn't happen, if he doesn't
get his worshi if he doesn't get his way, lookout,
because he'll probably declare war on poor old norway Bridge.
(16:22):
Having it's after five he's talk Vincent mcavinie after the
news And interesting little tidbit for you this morning. An
Z has reported their card spending, because you know, are
we going out and spending? Are we going out and
supporting the economy that so desperately needs it? A and
Z reports cards spending. This is just from their system,
was up three point four percent for September. Now, that
(16:44):
is obviously good news because it means that people are
spending more than they were in the same month a
year ago. And it's even better news because it is growth,
and it is growth at a time when we have
cheaper petrol, and you know, everyone goes and buys petrol,
so it's a quite an important thing. And if we're
spending more even though petrol is cheaper, that is even better.
(17:06):
I spoke to Nicola Willis yesterday and was just sort
of pecking her brain about the growth for quarter three,
because there will be growth, but the question is how much.
And the word, because she obviously gets numbers put in
front of her, the word that she was using was subdued.
So we went backwards in quarter two and then in
quarter three we are at best subdued. Vincent mcavnie after
(17:29):
news our reporters and we're in Washington for the latest
on the cease fire. News Talk, said B.
Speaker 1 (17:48):
Get ahead of the headlines on early edition with Bryan
Bridge and r V Supercenter explore r v's accessories and
servicing all in one.
Speaker 2 (17:57):
News Talk, said B. Twenty four away from Sex here
on news Talks, It'd be great to have you coming
to this Friday morning. We'll go to Washington. Just before six.
Trump has just said that he's heading to the Middle East.
Quote fairly soon. The hostages will be released on Monday
or Tuesday next week. This is Gaza and the ceasefire plan.
We'll get to Washington and we will get to the
(18:18):
UK with Vincent mcavenie. Now, we were talking last week
about James Anderson, that's the British tech investor who is
warning about an AI bubble. And then yesterday we had
the Bank of England warning about an AI bubble. And
now we've got the boss of JP Morgan, which is
America's biggest bank. He's come out and said the US
stock market's overheash it. Have listened to what he's Scott
to say.
Speaker 8 (18:38):
I am far more worried about that than others. So
have you said I know I'm talking about probabilities. I
would give it a higher probability than I think is
probably priced in the market and by others. So if
the market is pricing in ten percent, I would praise him, always,
says Mike thirty s and P.
Speaker 2 (18:53):
Five hundred up fifteen percent. This year alone, nasdack up
nineteen percent. So when would this potential career potentially happened?
Speaker 8 (19:01):
And I saying next to year because the timing of
these things is almost impossible.
Speaker 6 (19:05):
It could be what six months could.
Speaker 8 (19:06):
Be a yeah, it could be six months could be
two years.
Speaker 2 (19:09):
He's less as opposed to the other guys we talked
about last week. He's less worried about the AI bubble
part of it, but more worried about geopolitics whole bunch
of other stuff.
Speaker 8 (19:17):
The amount of uncertain you know, I put to your
parts in that category, physical spend that category, parts is
in that category, the remilitarization of the world in that category.
All these things cause a lot of issues that we
don't know how they start out. So I say the
level of uncertain you should be higher in most people's
minds than.
Speaker 2 (19:32):
What I call normal. That's Jamie Dimond. He's the boss
of JP Morgan. He's over in the UK at the
moment doing a bunch of announcements and did this interview
with the BBC twenty two minutes away from six. It
depends who you ask. Though there's a Goldman SAX guy
who's listening to a podcast yesterday. He's talking a completely
different view about the the growth in the value of
the US stock marketing. It says basically outside of AI,
(19:53):
which the rest of the growth is driven by actual
growth rather than speculation. If you're going to invest in AI.
And though I think the advice is probably to diversify
because competition in that sector is heading up, isn't it.
Twenty two away from six to our reporters around the country,
the Milford Track's been the opening being delayed because of
avalanche damage. Colum Procter and need and Colum good morning,
(20:16):
morning Ryan.
Speaker 6 (20:17):
Yeah, the Great Walks summer season will open two weeks late. Unfortunately,
this is due to that avalanche damage. Significant spring snow
and rain recently caused these avalanches and then that's changed
water courses on the track. The track itself damaged, covered
in sections of debris, and so it will open two
(20:37):
weeks late. Bookings for those canceled first two weeks will
be refunded. It's planned opening now November eleventh. Doc says, Look,
this is an area that gets around eight meters of
rainfall a year and they just haven't been able to
get in to start those repairs.
Speaker 11 (20:51):
Here.
Speaker 2 (20:52):
Okay, how's your weather.
Speaker 6 (20:53):
It's mainly fine for us today, high cloud west till
he's turned easterly.
Speaker 2 (20:56):
Twenty two the high cheers, Collum clear and christ Church morning, Claire,
good morning. A lot of demand for jobs at that
new Pack and Safe Yeah.
Speaker 13 (21:04):
Well, Packinsafe says, overwhelming demand out there. This is the
new one that's opening at Rollston on Tuesday. It's going
to become the largest supermarket in the South Island when
the doors do open. The update now is that more
than three tho two hundred people applied for two hundred
and seventy positions at the new store. The owner and operator,
Sarah Blackburn, says the core news is that they prioritized
(21:27):
hiring Selwyn locals, including students from Rollston College. She says
it was a really high standard of applications. It was
very difficult to choose who got a job. She says,
it's been a huge team effort over the last nine
months and they're excited to open their doors Tuesday.
Speaker 2 (21:43):
Great sowee. How's your weather clear.
Speaker 13 (21:45):
Mainly fine, a bit of high cloud Northerleis and twenty three.
Speaker 2 (21:48):
Thank you Max and wellings and morning Max, good morning.
Our final debate. This is for the Merrill ELECTA.
Speaker 14 (21:55):
Yeah, yeah, I having yesterday at the convention center, a
few hundred people there, busy business leaders as well in
the capitol, and I think business might be one of
the key focuses for these candidates as they head into
tomorrow's election. We obviously had that survey yesterday from the
Chamber of Commerce. Things look very very bleak in the
CBD right now. Not a friendly place to open a
(22:15):
business and not a friendly place to be a business
in terms of how the Council treats businesses. Look Besides
and ill advised the pendulous email early on, it's probably
been a campaign relatively free of drama. I think Andrew Little, Raychung,
called Tief and Barker, Diane Calvert at all have all
been sort of saying the same sort of things. They
(22:36):
want to be more business friendly. They said the same
at the debate yesterday. Little wants to restart the capital's
entertainment sector, support small businesses, make people want to come
into the central city. Tief and Barker, who of course
owns Cafe Ice the gelato chain, says the council has
been failing the CBD. Let's turn that around otherwise. Water
meters should we get them? How on earth do we
(22:57):
limit rates rises? They've been bigger here than anywhere else.
Chung wants to stop them full stop. Seems the Golden
Mile is going to be paused regardless of who wins.
But it does seem like mister little will can to
home tomorrow leading into the strait, but you never know.
Speaker 2 (23:11):
Very good. Hey, I see that your your water wheel
or windwheel or whatever it is, is bug it again?
Speaker 9 (23:16):
And how is it?
Speaker 2 (23:17):
Yeah? And someone walked apparently a reporter walked past yesterday
says that it's been reduced to a stump.
Speaker 14 (23:22):
Well, I wonder if some fool has been swinging on
it again, which tends to happen every year.
Speaker 2 (23:27):
Or two in Wellington. A goodness, how's your weather? Rainy
strong wind?
Speaker 14 (23:31):
Up to seventeen?
Speaker 11 (23:32):
All right?
Speaker 2 (23:32):
Thanks Max Neva and open morning Neva. Happy Friday Friday. Yes,
Auckland's second biggest high school is basically gonna have to
split in two.
Speaker 15 (23:40):
Yeah, look they're proposing this split. Is it struggling to
cope with booming student numbers? Which school, Mount Albert Grammar
projected to head about four five hundred students in the
coming years. So Patrick Drumm, he's the headmaster. He says,
the school has started investigating whether it should split into
two separate you know, the middle of the senior schools
on the same campus. He's saying this, would you know,
(24:01):
like free up greater flexibility, free up the limited classroom space.
So yeah, let's just see what happens here. Also too,
this follows on with you know those South Aukland schools,
Papakuda High, Manaldeva High, Old Eddie College. They're all claiming
as well, they're over capacity. They're desperately waiting, you know,
for their new classrooms. But problem in population getting up
there in all class their.
Speaker 2 (24:22):
Certain pockets a But luckily they're doing those classrooms that
they're basically one size fits all and they're quicker to
get out and pump them out like a factory farm.
Seventeen away from six House.
Speaker 15 (24:32):
Our weather cloudy, chance of a light morning shell but yes,
very warm today around parts of the country.
Speaker 2 (24:37):
Twenty two.
Speaker 15 (24:38):
Summer is coming twenty two the high.
Speaker 2 (24:40):
I need to thank you for that Friday morning. Good
to have your company. Typhoon Tory, who Max was talking
about in Wellington. Did you see that story yesterday that
she her staff I should say, accidentally, how do you
accidentally order a portrait worth seven thousand dollars as you're
goodbye present to yourself and to the city. Maybe they
(25:00):
can replace the wind whirl of water whirl or whatever
it is with the portrait of Tory Farno put that
down the waterfront. Seventeen to six News Talk ZB We're
in the UK with Vincent mcavinie.
Speaker 1 (25:12):
Next International Correspondence with Ends and Eye Insurance, Peace of
Mind for New Zealand Business.
Speaker 2 (25:19):
Fourteen away from six. Donald Trump's held a press conference
from his desk at the in the White House, basically
telling us that this peace dealer is going ahead in Gaza.
He says he's going to head there in a couple
of days time, and that the hostages will be released
in Monday or Tuesday next week. Vincent mcavinie's a UK
(25:40):
you're correspondent. We'll get to Washington in a second. Vincent,
good morning, Good morning. Yes, so there's a lot of
water to go under the bridge yet. Do we know
anything of that meeting on the Israeli side.
Speaker 4 (25:52):
Well, it was meant to take place about forty five
minutes ago, but it's been delayed until the top of
the next hour. It's unclear why. It might be perhaps
because they got win that Donald Trump was having this
meeting and that the TV cameras would be trained on
that during this hour. So we're expecting in about sort
of thirteen minutes time, Israel's cabinets will meet to approve
(26:16):
this ceasefire deal, and the Security Cabinet as well, needing
approval on that. There hasn't actually been a ceasefire yet.
There has been bombardment by Israel continuing throughout the day
in Gaza with munitions and shots fired. So we're very
close now to that ceasefire kicking off.
Speaker 2 (26:35):
And meanwhile in the UK, Princess Catherine's warning people about
too much screen time. Yeah, that's right.
Speaker 4 (26:42):
The Princesses of Wales has sort of done what a
lot of royals do, which is trying to focus in
on one area in particular to kind of make their specialism.
So for Camilla Parker Bowls it's domestic violence. For the
King it was always sort of environmental causes. She's really
focused in on early years and ED education and the
role technology is playing in young people, and she's put
(27:04):
out a sort of a report with sort of noted
academics saying that some smartphones and gadgets have become a
constant distraction, fragmenting the focus of families and undermining the
time that they spend together. The reporter detailing the fact
that it's sort of has creating issues with young people's
personal interactions, issues with eye contact, and that people have
(27:26):
lost sort of communal experiences as well of watching things
together sometimes and talking about them.
Speaker 2 (27:31):
Vincent, appreciate your time, Vincent meca any a UK europe correspondent.
Time is twelve away from six Bryan Bridge and you're
on News Talk CB. So we have movement, a lot
of movement overnight on this pea steal over Gaza in
the President announcing that in the next well next week,
the first few days of next week, we should have
hostages being released.
Speaker 10 (27:51):
We are getting the houstages back on on Tuesday, Monday
or Tuesday, and that'll be a day of joy. I'm
gonna try and make a trip over. We're gonna try
and get over there.
Speaker 2 (28:03):
It's all hepning in phases. David Smith is Washington bureau
chief for The Guardian with us this morning. David, So
this is quite a momentous moment, but still a lot
of water to go under the bridge.
Speaker 16 (28:16):
Yes, that's right. I think we have learned from past
experience to always treat these announcements with caution, and not
every breakthrough is what it appears. But I think it
would be fair to say this is by far the
closest we've come to an end to this war. And
it's not just Donald Trump saying that that, Israel and
(28:36):
Hamas indicating that's the case, and certainly some signs of
tremendous relief on the ground that this could at least
be the beginning of the end. And I think, you know,
I guess everyone will feel more certain about that if indeed,
as Trump says, hostages are returned on Monday or Tuesday,
and if Israel agrees to you know, stop its well,
(29:03):
movie its sources back to the to the agreed line,
and we actually see a secession as hostilities.
Speaker 2 (29:10):
And then you can start getting humanitarian aiden to the
Palestinians all that sort of stuff. What happens after that, Like,
what is phase two? Do we know?
Speaker 16 (29:21):
Well? I think it's going to get more complicated. Of course,
after those headline breakthroughs, and there are still some purdles
to clear here, such as the disarmament of Hermas are
set out in that peace plan. It's not especially clear
(29:41):
how that will be conducted and whether all members of
harm As will agree. Even going further forward, maybe more
like sort of Phase two or four. Obviously one has
to look to the future governance of Gaza and clear
this plan suggest that the Hermus or the Palestinian authority
(30:01):
should play any part in that. And I think something
to watch is what is Donald Trump's commitment to all
of that. The peace plans suggest there'll be some kind
of independent international oversight body shaired by Trump that will oversee,
(30:24):
you know, suffectively Phase two, three and four and so on.
But you know, from what we know about Trump, does
he have the staying power, the the the attention span. Frankly,
you know, after he's had an opportunity to declare victory
and get a great headline, he we know psychologically he's
(30:44):
the kind of person who does tend to then get
distracted and move on to a thousand other issues. But
that said, you know there's a team of Steve Wikoff,
Special Envoy, Jared Kushner, his some in law, others who
maybe added terms follow through on this, and of course
it's all been backed up by international partners such as
(31:06):
Turkey and Catians on.
Speaker 2 (31:09):
David appreciate that analysis, this wanting David Smith, Washington Bureau
chief for The Guardian. You're on News Talk seb It's
eight to six.
Speaker 1 (31:17):
On your radio and online on iHeartRadio Early Edition with
Ryan Bridge and Are the Supercenter explore r v's accessories
and servicing.
Speaker 2 (31:27):
Paul in One News Talks B. It's the six on
News Talk s B. David Seymour's crackdown on truants and
the hardcore ones who never turn up to class. The
Ministry of Educations come out and said that they are
considering prosecutions because you can get thirty dollars a day fine,
you can get three hundred bucks for your first offense,
and most your pays three thousand. Anyway, they haven't actually
(31:47):
taken anyone through the courts yet, but they've threatened to
do it, and the operations lead for the Ministry Sewn Teddy.
He says there have already been cases where the deterrent
effect of a potential prosecutor has resulted in children being
re enrolled and attending school. So the big stick, apparently,
at least in some cases, seems to be working. Five
(32:09):
to six and Bread, Bread, Mike's in the studio now morning, Mike. Good,
So you got much hope for this peace plan?
Speaker 7 (32:15):
No, because the only reason we've got a peace plan
is because all the other piece plans have failed, and
this one will fail as well. I was watching an
interview yesterday with the bloke who was involved one of
the last twenty fourteen, So you're going back at least
a decade.
Speaker 2 (32:29):
For that one.
Speaker 7 (32:30):
And one of the things that they got tripped up
on last time was the withdrawal line, which is the
same as this time. They've got a withdrawal line and
no one could quite work out where it was, and
so some Palestinians came along and saw some Israeli soldiers
and shot them, and the Israelis didn't like that, and
so that was the end of the peace.
Speaker 2 (32:45):
And then it all kicks. And that's how it works.
It's a yellow line, they're calling it, which is fifty
three percent of the territory that currently the Israelis hole any.
Speaker 7 (32:53):
Color they want, and you know what drives this is
hate and none of that disappears. So unfortunately, is as
good as this appears to be for now, it's not
going to last. It never has last. I mean, you know,
think about if it lasts for how long? For six months,
a year, ten years, twenty years, ten years.
Speaker 2 (33:11):
Back on again, Hey, is there a bubble? Are you
worried about the bubble.
Speaker 7 (33:14):
I raised this the other day. I raised this several
days ago. There are several bubbles going on. And the
guy at JP Morgan Diamond was commenting this morning, and
the head of the bank in England yesterday says, there's
no quiz.
Speaker 2 (33:26):
There's two bubbles.
Speaker 7 (33:26):
One there's the market bubble, the general marketing.
Speaker 2 (33:28):
Bubble, and then the AI.
Speaker 7 (33:30):
But there's the AI bubble. Both the bubbles. There's no
question their bubbles and they're going to go pop. The
only upside if you want something a little bit optimistic,
is the AI bubble is driven. I was reading and
this makes sense by companies that have so much money
it doesn't really matter. So when it pops, which it will,
they've got the wherewithal to carry the loss without us
(33:50):
all going oh my god, it's the end.
Speaker 2 (33:51):
It won't bring.
Speaker 7 (33:52):
It won't be like It's not like the dot com
where it's all super leverage to a point where people
have no money to back it up.
Speaker 2 (33:58):
Hey, have a nice show, Mike, I am. I intend
to run.
Speaker 7 (34:01):
I don't get up at two thirty in the morning,
have a bad show, Have a fantastic day.
Speaker 2 (34:04):
Everybody else, see you Monday.
Speaker 1 (34:10):
For more from Early Edition with Ryan Bridge, listen live
to News Talks at B from five am weekdays, or
follow the podcast on iHeartRadio
The issues, the interviews and the insight. Ryan Bridge on
earli ereditship with our V Supercenter, explore our V successories
and servicing all in one News Talks sa'd be.
Speaker 2 (00:12):
Good morning six after five year on News Talks dB.
We'll go to Washington on this Gaza, pece Steel. Trump's
holding a cabinet meeting as we speak. Vincent mcavinie in
the UK for US this morning, another warning about another bubble,
warning about US stocks, the ACC Minister on the deficit blowout,
plus how much myth is too much myth for a
rental property. The agenda is Friday, at the tenth of October.
(00:34):
There's hope and Gaza for the first time in a
long time.
Speaker 3 (00:41):
We are happy that the war will hopefully end and
that the bloodshed will come to an end.
Speaker 4 (00:46):
Despite our happiness, we cannot help but think of what
is to.
Speaker 2 (00:49):
Commit, So a bit of water to go under the
bridge yet, So Trump's got a cabinet meeting right now.
Israel's security cabinet is meeting as we speak as well.
They are expected to sign off on the cease five plans.
Speaker 5 (01:00):
There is no corresponding commitment that has been stated as
of yet by the Israelis to actually end the war.
There is a commitment to pause. There is a commitment
to withdraw partially.
Speaker 2 (01:15):
You know that weird Polish woman who reckons that she's
medaling McCann has been harassing the family.
Speaker 3 (01:21):
About a year ago, I started to make a research
on internet because I started to think that maybe I'm
missing child. I thought in my life that something is
from here because my mother didn't hug me, didn't say
I love you, so it was suspicious to me.
Speaker 2 (01:42):
You should love because I mean, it's completely insane. She's
appeared in court. She's accused of stalking. The family met
the McCann family that is apparently Madeline's mum. Kate says
she's been harassed. The girl is demanding a dnaight is
to prove that she is in fact Medaline McCann. Back home,
we had another huger followed by another suspension in the house.
Speaker 6 (02:03):
No, not that the guarantee was that would not be
taking place.
Speaker 2 (02:22):
Who who'll suspended?
Speaker 1 (02:29):
News and views you trust to start your day? It's
earlier This ship with Brian Bridge and r the Supercenter
explore r v's accessories and news talks.
Speaker 2 (02:40):
That'd be poor old Jerry having to get off his
feet again. Funny old day in Parliament yesterday. So you
have the leader of a political party accused of acting
like a dictator, holding a press conference to reset the narrative,
and then, when asked the obvious question about the D word,
promptly cancels the press conference walks away, practically dragging the
Cooke happen along with him, exit stage left.
Speaker 7 (03:02):
What's your response to allegations of a dictatorship model.
Speaker 8 (03:06):
You think.
Speaker 2 (03:11):
Basically it was so it looked to me like Debbie
was actually keen to stick around and answer some questions.
You can't invite the press to a press conference then
walk away after three and a half minutes because you
want to control the questions as well as the answers,
because that kind of sounds a little bit like I
don't know something a dictator would do. You know what
we did here, loud and clear from at Ravari yesterday
was that the coalition sucks and they want them gone.
(03:34):
The alternative. These guys have been meeting behind the scenes, Labor,
the Greens, to Party Marty. They've been trying to figure
out how do we make it work because we're a
year away now, and Hipkins's real Achilles heel is ravdi, unpredictable, brash,
untested in a high profile, demanding job like a cabinet minister,
which is what he's gunning for, and judging by yesterday's performance,
(03:55):
he's clearly not big on the whole transparency thing, which
is actually kind of important when you're government. There are
a couple of ways around this. They could go confidence
and supply and they don't get the baubles of office.
This is what Peter Dunns suggested they do this week.
That kind of nullifies the rights attack on this coalition
of chaos, that whole thing. But it also creates another
(04:15):
problem for Hipkins, you see, because what you don't barter
and trade on jobs, you then must concede on policy.
And their website, if you go to Party Marty's website,
there's stuff like, you know, cutting police funding fifty percent,
get directing it elsewhere, abolishing prisons by twenty forty, replacing
them with some Scandinavian model, a separate justice system, separate parliament,
those sorts of things, and hep can say what you
(04:37):
want about his performance, knows politics and knows what the
center your swing voter will and won't tolerate, and much
of the party Marty's policies fall into the latter camp.
Five Chin on Newstalk s B nine two nine two
is the numbers to Text'd love to hear from you
this morning. If you do like to, If you rent
a property and you do like to occasionally smoke, well don't.
(05:01):
But there are new rules about how much they will accept.
And if you're a landlord, what level does it need
to get to before you have to do a cleanup job.
Speaker 1 (05:10):
That's next The news you Need this morning and the
in depth Analysis early edition with Ryan Bridge and r
V Supercenter explore r VS accessories and servicing fall in
one News Talks.
Speaker 2 (05:23):
D B by thirteen News Talks B. We'll go to
Washington for the latest on the ceasefire plan. Trump has
just announced he's holding a cabinet meeting right now. He
says the whole world has come together for this, and
the hostages will be released Monday or Tuesday. This is
according to the White House. So the ceasefire has to
be signed off by Israel's security cabinet. That's happening at
the moment. Within twenty four hours. The Israelis will withdraw,
(05:46):
they'll go to yellow lines, predetermined lines, and then as
if what Trump says is true in the last couple
of minutes, the hostages will be released Monday or Tuesday.
Humanitarian aid to Palestinians should then flow. And then the
question is, well, what happens with the place? You know,
what happens with Garza. About half of it was listening
to the Israeli Defense minister this morning. He reckons they
(06:06):
will withdraw from fifty three percent of where they have been,
and then an international stabilization force will form. And so
the Europeans then get involved. The ministers, the top officials
from Arab states, they meet in Paris next week and
they will talk about future governance of Gaza. They will
talk about aid, they will talk about reconstruction, getting the
(06:27):
military out, all of that stuff. Trump could travel to
the region, they reckon potentially over the weekend. It is
five fourteen Brian. We've got new rules out on when
a rental's too contaminated with meth. Under fifteen micrograms per
one hundred square meters, you're fine. Fifteen to thirty you
need a clean over thirty either side can in the
(06:48):
lease within a week Matt Ball Property Investors Federation is
with us this morning. Matt, good morning. So this is
good because it gives clarity.
Speaker 9 (06:58):
Yeah, it does. So at the moment, there are two standards.
There's one point five micrograms per one hundred square centimeters,
and then there's the fifteen micrograms, which is the science
advice above or below which sorry, it's unlikely to cause
in adverse effects. So fifteen and below health is fine.
Fifteen and above you need to decontaminate. Must rule clarifies.
(07:22):
It's great.
Speaker 2 (07:22):
How much what does decontamination cost? Like, if you're in
the fifteen to thirty where you need a clean what
does that mean like just a bit of spray and wipe.
Speaker 9 (07:31):
No, it can be quite extensive depending on the level
of contamination. So just to give you a bit of
an idea, Caring AURA spends around three to four million
dollars a year decontaminating and they only decontaminate at levels
above that fifteen. That's quite a cost.
Speaker 2 (07:47):
Shirt do you see much of it these days?
Speaker 9 (07:51):
Yes, our members do see a lot of it, and
because of this conflicting standard, we have members decontaminating at
levels above one point five. Moment so that's a considerable cost,
which really they shouldn't have to spend, and that cost
will be removed, so that's great. I did a quick
search of tendency tribunal cases before I came on here.
(08:12):
Nearly eight hundred cases in the last three years, and
these are the cases that reach the tribunal, are the
ones with high contamination. Generally, that's also quite a considerable expent,
so it's a big problem. This doesn't solve the meth problem,
but it does solve the confusion. It will reduce the costs,
and hopefully it will make people feel a bit better
(08:34):
knowing that the contamination there was a set at the
actual scientific recommended levels when they actually do start to
impact health.
Speaker 2 (08:43):
Matt, appreciate your time. Thanks for being with me. Matt Ball.
The Property Investors Association time is sixteen minutes after five,
Bryan Bridge, you should sear from Trump at the White House.
Speaker 10 (08:54):
Peace in the Middle East. We secured the release of
all of the remaining hostages and they should be released
Monday or Tuesday. Getting them is a complicated process. I'd
rather than tell you what they have to do together.
There are places you don't want to be, but we
are getting the hostages back on.
Speaker 2 (09:15):
That was Donald Trump speaking and just in the last
few minutes. It is five seventeen. We will get to
the ACC Minister, Scott Simpson next. Because the deficit just
keeps blowing out and blowing out and blowing out. So
what do you do about it?
Speaker 1 (09:27):
The first word on the News of the Day Early
edition with Ryan Bridge and r V Supercenter explore RV's
accessories and servicing all in one news Talks.
Speaker 2 (09:37):
At b five nineteen. Great to have your company this
Friday morning. We'll get to Vincent mcavinie in the UK
after the News at five point thirty for the latest,
there is an interview with the boss of JP Morgan,
which is the biggest banking in America. He's warning about
a bubble. We've been talking about this for the past week.
We'll have more on that afternoons at five thirty. What
are we going to do? In the meantime with ACC
they've reported yet another deficit one and a half billion
(09:59):
for the financial year. This takes the struggling agency nearly
fourteen billion in the red. Scott Simpson is the ACC
Minister live this morning. Scott, Good morning, Good morning Ryan.
So the Finance minister says, this is underperforming. You obviously
agree with that. I know you've got to turn around. Plan.
When does that see us getting out of deficit?
Speaker 11 (10:19):
Well, not immediately, so some years away. But the good
news Ryan is even though this one point five billion
dollar deficit over the last twelve months is a big number,
it's an awful lot better than the seven point two
billion deficit the previous year. So some good work has
already commenced at ACC in terms of getting the entity
(10:43):
back on track. But there's a lot of work yet
to do, and most of that reflected in actually just
doing the basic stuff really well, doing it consistently, and
doing it over and over again on behalf of New
Zealanders who need to get rehabilitated and back to independence fast.
Speaker 2 (11:00):
You're looking at cutting the ability of some claims like
mental health claims apparently, can you give us an example
of what exactly that would mean or change potentially?
Speaker 11 (11:10):
No, I'm not considering that at all. That's not correct
at all I want to have happened is for the
ACC scheme and the good people who are making sometimes
difficult decisions every day on behalf of the scheme and
all New Zealanders. I want them to get back to
doing the basic stuff really well, to focus on their
(11:31):
core business, which is ensuring that New Zealanders when they
do have an accident, are rehabilitated and getting back to
being fully participating members of society.
Speaker 2 (11:41):
So no claims. That absolutely nothing changing with claims because
you're reported this is from stuff he had. This is
you previously questioned where the ACC might need to offload
responsibility for some mental health claims to a different agency
to ensure the insurance scheme is sustainable.
Speaker 11 (11:57):
Look, that was a comment that I made some time ago.
But as I say, now into the role far more
closely than I was when I made those statements. I'm
very happy that ACC is focused on the work that's done.
We've got a new chair. I've just appointed a new chair,
Jan Dawson. Yes, I'll be working very closely.
Speaker 2 (12:18):
And we won't cut There'll be no change to claims,
no criteria change.
Speaker 11 (12:23):
Look, the ACC legislation is there for a purpose. It
has boundaries, it has rules, and ACC personnel work within
those all day every day to ensure that will change
for me better. I'm not planning any changes in that regard,
all right.
Speaker 2 (12:40):
Very good. So a couple of years we'll be back
in La you reckon.
Speaker 11 (12:43):
Well, we've got a lot of work to do. But
that will mean that there needs to be a focus
on doing the core basic work of ACC well regularly
and consistently, just.
Speaker 2 (12:54):
On that working from home. I was shocked to see
a couple of weeks ago that they still working from home,
a lot of staff only coming into the office two
days a week. I think now they've agreed, begrudgingly to
come in three days a week. What's going on here?
Speaker 11 (13:10):
Well, though, that is one part of what will need
to be a turnaround. I mean, ACC staff have had
some very generous working from home arrangements, and I was
pleased to see that the chief executive, Megan Maine, has
decided to bring them back for at least three days
a week.
Speaker 8 (13:28):
Great.
Speaker 11 (13:30):
I think there's still more work yet to be done
on that one, right mister.
Speaker 2 (13:33):
People will be looking at this and looking at the
size of this deficit and the ours worked in the
office and be thinking, hmm, get you. I mean you
guys said it was a year ago, you see to
get back to the office.
Speaker 11 (13:45):
Was it exactly so? As to say there's still a
lot of work yet to be done at acc.
Speaker 2 (13:52):
Okay, I just to appreciate your time. Scott Simpson, whose
minister responsible for that lot? Twenty four minutes after five
News Talks.
Speaker 1 (13:58):
They be the earlier full show podcast on iHeartRadio Power
by News Talks.
Speaker 10 (14:04):
At me.
Speaker 2 (14:06):
Twenty six after five. Good to have your company this morning.
I know you've been waiting for this. You have been
waiting so patiently. In just a few hours, we will
finally know who's won the Nobel Peace Prize, the world's
most prestigious award.
Speaker 12 (14:19):
Everyone says that I should get the Nobel Peace Prize
for each one of these achievements.
Speaker 1 (14:23):
They should give me the Nobel Prize for Rwanda.
Speaker 12 (14:26):
If I were named Obama, I would have had the
Nobel Prize.
Speaker 3 (14:31):
Given him two in ten seconds.
Speaker 2 (14:33):
Yeah, so he really, really, really really wants it bad.
It's been going since nineteen oh one. A bunch of
Norwegians basically sit around a table and sort through their candidates.
This year, there's three hundred and thirty entries. Four US
presidents previously won it. Obama, as Trump mentioned, Roosevelt Woodrow
Wilson won it nineteen nineteen. Jimmy Carter got it two
decades after he left office. But one man wants it
(14:54):
more than anyone else, and even in the last few
hours Benjamin Nettinya who has tweeted that Trump should They.
Speaker 12 (15:00):
Won't give me a Nobel Peace Pas because.
Speaker 10 (15:02):
They only give it to liberals.
Speaker 12 (15:03):
Will you get the Nobel Prize? Absolutely that he got
the Nobel Prize for doing nothing. He's for getting elected,
But I got elected too.
Speaker 2 (15:11):
To the criteria, the prize goes to whoever has done
the most for fraternity between nations, whoever gets rid of
or reduces the size of armies, and whoever basically promotes
peace the most. Basically, who's really good at doing peace.
Speaker 12 (15:24):
It's up five nations from going to war. And somebody
else will get the Nobel Peace Prize for their writing
about Donald Trump.
Speaker 10 (15:32):
To be a big insult to our country. I will
tell you that I don't want it.
Speaker 2 (15:36):
I want the country to get Here's the bad news.
Trump's not going to win this three reasons. One they
met and decided on Monday. That was before this Gaza
deal was announced. Two, it actually isn't even for this yet.
It relates basically to twenty twenty four or prior. Trump
wasn't even an office at that point. The applications for
this closed only a month into his second term. And
(15:58):
three he's pulled out of you know, the Power's Accord.
He's pulled out of the World Health Organization, and they
don't really like that, you know, they're not really into that.
So I may be proven wrong in a couple of
hours time, but my money is on Trump not winning
this thing. And if it doesn't happen, if he doesn't
get his worshi if he doesn't get his way, lookout,
because he'll probably declare war on poor old norway Bridge.
(16:22):
Having it's after five he's talk Vincent mcavinie after the
news And interesting little tidbit for you this morning. An
Z has reported their card spending, because you know, are
we going out and spending? Are we going out and
supporting the economy that so desperately needs it? A and
Z reports cards spending. This is just from their system,
was up three point four percent for September. Now, that
(16:44):
is obviously good news because it means that people are
spending more than they were in the same month a
year ago. And it's even better news because it is growth,
and it is growth at a time when we have
cheaper petrol, and you know, everyone goes and buys petrol,
so it's a quite an important thing. And if we're
spending more even though petrol is cheaper, that is even better.
(17:06):
I spoke to Nicola Willis yesterday and was just sort
of pecking her brain about the growth for quarter three,
because there will be growth, but the question is how much.
And the word, because she obviously gets numbers put in
front of her, the word that she was using was subdued.
So we went backwards in quarter two and then in
quarter three we are at best subdued. Vincent mcavnie after
(17:29):
news our reporters and we're in Washington for the latest
on the cease fire. News Talk, said B.
Speaker 1 (17:48):
Get ahead of the headlines on early edition with Bryan
Bridge and r V Supercenter explore r v's accessories and
servicing all in one.
Speaker 2 (17:57):
News Talk, said B. Twenty four away from Sex here
on news Talks, It'd be great to have you coming
to this Friday morning. We'll go to Washington. Just before six.
Trump has just said that he's heading to the Middle East.
Quote fairly soon. The hostages will be released on Monday
or Tuesday next week. This is Gaza and the ceasefire plan.
We'll get to Washington and we will get to the
(18:18):
UK with Vincent mcavenie. Now, we were talking last week
about James Anderson, that's the British tech investor who is
warning about an AI bubble. And then yesterday we had
the Bank of England warning about an AI bubble. And
now we've got the boss of JP Morgan, which is
America's biggest bank. He's come out and said the US
stock market's overheash it. Have listened to what he's Scott
to say.
Speaker 8 (18:38):
I am far more worried about that than others. So
have you said I know I'm talking about probabilities. I
would give it a higher probability than I think is
probably priced in the market and by others. So if
the market is pricing in ten percent, I would praise him, always,
says Mike thirty s and P.
Speaker 2 (18:53):
Five hundred up fifteen percent. This year alone, nasdack up
nineteen percent. So when would this potential career potentially happened?
Speaker 8 (19:01):
And I saying next to year because the timing of
these things is almost impossible.
Speaker 6 (19:05):
It could be what six months could.
Speaker 8 (19:06):
Be a yeah, it could be six months could be
two years.
Speaker 2 (19:09):
He's less as opposed to the other guys we talked
about last week. He's less worried about the AI bubble
part of it, but more worried about geopolitics whole bunch
of other stuff.
Speaker 8 (19:17):
The amount of uncertain you know, I put to your
parts in that category, physical spend that category, parts is
in that category, the remilitarization of the world in that category.
All these things cause a lot of issues that we
don't know how they start out. So I say the
level of uncertain you should be higher in most people's
minds than.
Speaker 2 (19:32):
What I call normal. That's Jamie Dimond. He's the boss
of JP Morgan. He's over in the UK at the
moment doing a bunch of announcements and did this interview
with the BBC twenty two minutes away from six. It
depends who you ask. Though there's a Goldman SAX guy
who's listening to a podcast yesterday. He's talking a completely
different view about the the growth in the value of
the US stock marketing. It says basically outside of AI,
(19:53):
which the rest of the growth is driven by actual
growth rather than speculation. If you're going to invest in AI.
And though I think the advice is probably to diversify
because competition in that sector is heading up, isn't it.
Twenty two away from six to our reporters around the country,
the Milford Track's been the opening being delayed because of
avalanche damage. Colum Procter and need and Colum good morning,
(20:16):
morning Ryan.
Speaker 6 (20:17):
Yeah, the Great Walks summer season will open two weeks late. Unfortunately,
this is due to that avalanche damage. Significant spring snow
and rain recently caused these avalanches and then that's changed
water courses on the track. The track itself damaged, covered
in sections of debris, and so it will open two
(20:37):
weeks late. Bookings for those canceled first two weeks will
be refunded. It's planned opening now November eleventh. Doc says, Look,
this is an area that gets around eight meters of
rainfall a year and they just haven't been able to
get in to start those repairs.
Speaker 11 (20:51):
Here.
Speaker 2 (20:52):
Okay, how's your weather.
Speaker 6 (20:53):
It's mainly fine for us today, high cloud west till
he's turned easterly.
Speaker 2 (20:56):
Twenty two the high cheers, Collum clear and christ Church morning, Claire,
good morning. A lot of demand for jobs at that
new Pack and Safe Yeah.
Speaker 13 (21:04):
Well, Packinsafe says, overwhelming demand out there. This is the
new one that's opening at Rollston on Tuesday. It's going
to become the largest supermarket in the South Island when
the doors do open. The update now is that more
than three tho two hundred people applied for two hundred
and seventy positions at the new store. The owner and operator,
Sarah Blackburn, says the core news is that they prioritized
(21:27):
hiring Selwyn locals, including students from Rollston College. She says
it was a really high standard of applications. It was
very difficult to choose who got a job. She says,
it's been a huge team effort over the last nine
months and they're excited to open their doors Tuesday.
Speaker 2 (21:43):
Great sowee. How's your weather clear.
Speaker 13 (21:45):
Mainly fine, a bit of high cloud Northerleis and twenty three.
Speaker 2 (21:48):
Thank you Max and wellings and morning Max, good morning.
Our final debate. This is for the Merrill ELECTA.
Speaker 14 (21:55):
Yeah, yeah, I having yesterday at the convention center, a
few hundred people there, busy business leaders as well in
the capitol, and I think business might be one of
the key focuses for these candidates as they head into
tomorrow's election. We obviously had that survey yesterday from the
Chamber of Commerce. Things look very very bleak in the
CBD right now. Not a friendly place to open a
(22:15):
business and not a friendly place to be a business
in terms of how the Council treats businesses. Look Besides
and ill advised the pendulous email early on, it's probably
been a campaign relatively free of drama. I think Andrew Little, Raychung,
called Tief and Barker, Diane Calvert at all have all
been sort of saying the same sort of things. They
(22:36):
want to be more business friendly. They said the same
at the debate yesterday. Little wants to restart the capital's
entertainment sector, support small businesses, make people want to come
into the central city. Tief and Barker, who of course
owns Cafe Ice the gelato chain, says the council has
been failing the CBD. Let's turn that around otherwise. Water
meters should we get them? How on earth do we
(22:57):
limit rates rises? They've been bigger here than anywhere else.
Chung wants to stop them full stop. Seems the Golden
Mile is going to be paused regardless of who wins.
But it does seem like mister little will can to
home tomorrow leading into the strait, but you never know.
Speaker 2 (23:11):
Very good. Hey, I see that your your water wheel
or windwheel or whatever it is, is bug it again?
Speaker 9 (23:16):
And how is it?
Speaker 2 (23:17):
Yeah? And someone walked apparently a reporter walked past yesterday
says that it's been reduced to a stump.
Speaker 14 (23:22):
Well, I wonder if some fool has been swinging on
it again, which tends to happen every year.
Speaker 2 (23:27):
Or two in Wellington. A goodness, how's your weather? Rainy
strong wind?
Speaker 14 (23:31):
Up to seventeen?
Speaker 11 (23:32):
All right?
Speaker 2 (23:32):
Thanks Max Neva and open morning Neva. Happy Friday Friday. Yes,
Auckland's second biggest high school is basically gonna have to
split in two.
Speaker 15 (23:40):
Yeah, look they're proposing this split. Is it struggling to
cope with booming student numbers? Which school, Mount Albert Grammar
projected to head about four five hundred students in the
coming years. So Patrick Drumm, he's the headmaster. He says,
the school has started investigating whether it should split into
two separate you know, the middle of the senior schools
on the same campus. He's saying this, would you know,
(24:01):
like free up greater flexibility, free up the limited classroom space.
So yeah, let's just see what happens here. Also too,
this follows on with you know those South Aukland schools,
Papakuda High, Manaldeva High, Old Eddie College. They're all claiming
as well, they're over capacity. They're desperately waiting, you know,
for their new classrooms. But problem in population getting up
there in all class their.
Speaker 2 (24:22):
Certain pockets a But luckily they're doing those classrooms that
they're basically one size fits all and they're quicker to
get out and pump them out like a factory farm.
Seventeen away from six House.
Speaker 15 (24:32):
Our weather cloudy, chance of a light morning shell but yes,
very warm today around parts of the country.
Speaker 2 (24:37):
Twenty two.
Speaker 15 (24:38):
Summer is coming twenty two the high.
Speaker 2 (24:40):
I need to thank you for that Friday morning. Good
to have your company. Typhoon Tory, who Max was talking
about in Wellington. Did you see that story yesterday that
she her staff I should say, accidentally, how do you
accidentally order a portrait worth seven thousand dollars as you're
goodbye present to yourself and to the city. Maybe they
(25:00):
can replace the wind whirl of water whirl or whatever
it is with the portrait of Tory Farno put that
down the waterfront. Seventeen to six News Talk ZB We're
in the UK with Vincent mcavinie.
Speaker 1 (25:12):
Next International Correspondence with Ends and Eye Insurance, Peace of
Mind for New Zealand Business.
Speaker 2 (25:19):
Fourteen away from six. Donald Trump's held a press conference
from his desk at the in the White House, basically
telling us that this peace dealer is going ahead in Gaza.
He says he's going to head there in a couple
of days time, and that the hostages will be released
in Monday or Tuesday next week. Vincent mcavinie's a UK
(25:40):
you're correspondent. We'll get to Washington in a second. Vincent,
good morning, Good morning. Yes, so there's a lot of
water to go under the bridge yet. Do we know
anything of that meeting on the Israeli side.
Speaker 4 (25:52):
Well, it was meant to take place about forty five
minutes ago, but it's been delayed until the top of
the next hour. It's unclear why. It might be perhaps
because they got win that Donald Trump was having this
meeting and that the TV cameras would be trained on
that during this hour. So we're expecting in about sort
of thirteen minutes time, Israel's cabinets will meet to approve
(26:16):
this ceasefire deal, and the Security Cabinet as well, needing
approval on that. There hasn't actually been a ceasefire yet.
There has been bombardment by Israel continuing throughout the day
in Gaza with munitions and shots fired. So we're very
close now to that ceasefire kicking off.
Speaker 2 (26:35):
And meanwhile in the UK, Princess Catherine's warning people about
too much screen time. Yeah, that's right.
Speaker 4 (26:42):
The Princesses of Wales has sort of done what a
lot of royals do, which is trying to focus in
on one area in particular to kind of make their specialism.
So for Camilla Parker Bowls it's domestic violence. For the
King it was always sort of environmental causes. She's really
focused in on early years and ED education and the
role technology is playing in young people, and she's put
(27:04):
out a sort of a report with sort of noted
academics saying that some smartphones and gadgets have become a
constant distraction, fragmenting the focus of families and undermining the
time that they spend together. The reporter detailing the fact
that it's sort of has creating issues with young people's
personal interactions, issues with eye contact, and that people have
(27:26):
lost sort of communal experiences as well of watching things
together sometimes and talking about them.
Speaker 2 (27:31):
Vincent, appreciate your time, Vincent meca any a UK europe correspondent.
Time is twelve away from six Bryan Bridge and you're
on News Talk CB. So we have movement, a lot
of movement overnight on this pea steal over Gaza in
the President announcing that in the next well next week,
the first few days of next week, we should have
hostages being released.
Speaker 10 (27:51):
We are getting the houstages back on on Tuesday, Monday
or Tuesday, and that'll be a day of joy. I'm
gonna try and make a trip over. We're gonna try
and get over there.
Speaker 2 (28:03):
It's all hepning in phases. David Smith is Washington bureau
chief for The Guardian with us this morning. David, So
this is quite a momentous moment, but still a lot
of water to go under the bridge.
Speaker 16 (28:16):
Yes, that's right. I think we have learned from past
experience to always treat these announcements with caution, and not
every breakthrough is what it appears. But I think it
would be fair to say this is by far the
closest we've come to an end to this war. And
it's not just Donald Trump saying that that, Israel and
(28:36):
Hamas indicating that's the case, and certainly some signs of
tremendous relief on the ground that this could at least
be the beginning of the end. And I think, you know,
I guess everyone will feel more certain about that if indeed,
as Trump says, hostages are returned on Monday or Tuesday,
and if Israel agrees to you know, stop its well,
(29:03):
movie its sources back to the to the agreed line,
and we actually see a secession as hostilities.
Speaker 2 (29:10):
And then you can start getting humanitarian aiden to the
Palestinians all that sort of stuff. What happens after that, Like,
what is phase two? Do we know?
Speaker 16 (29:21):
Well? I think it's going to get more complicated. Of course,
after those headline breakthroughs, and there are still some purdles
to clear here, such as the disarmament of Hermas are
set out in that peace plan. It's not especially clear
(29:41):
how that will be conducted and whether all members of
harm As will agree. Even going further forward, maybe more
like sort of Phase two or four. Obviously one has
to look to the future governance of Gaza and clear
this plan suggest that the Hermus or the Palestinian authority
(30:01):
should play any part in that. And I think something
to watch is what is Donald Trump's commitment to all
of that. The peace plans suggest there'll be some kind
of independent international oversight body shaired by Trump that will oversee,
(30:24):
you know, suffectively Phase two, three and four and so on.
But you know, from what we know about Trump, does
he have the staying power, the the the attention span. Frankly,
you know, after he's had an opportunity to declare victory
and get a great headline, he we know psychologically he's
(30:44):
the kind of person who does tend to then get
distracted and move on to a thousand other issues. But
that said, you know there's a team of Steve Wikoff,
Special Envoy, Jared Kushner, his some in law, others who
maybe added terms follow through on this, and of course
it's all been backed up by international partners such as
(31:06):
Turkey and Catians on.
Speaker 2 (31:09):
David appreciate that analysis, this wanting David Smith, Washington Bureau
chief for The Guardian. You're on News Talk seb It's
eight to six.
Speaker 1 (31:17):
On your radio and online on iHeartRadio Early Edition with
Ryan Bridge and Are the Supercenter explore r v's accessories
and servicing.
Speaker 2 (31:27):
Paul in One News Talks B. It's the six on
News Talk s B. David Seymour's crackdown on truants and
the hardcore ones who never turn up to class. The
Ministry of Educations come out and said that they are
considering prosecutions because you can get thirty dollars a day fine,
you can get three hundred bucks for your first offense,
and most your pays three thousand. Anyway, they haven't actually
(31:47):
taken anyone through the courts yet, but they've threatened to
do it, and the operations lead for the Ministry Sewn Teddy.
He says there have already been cases where the deterrent
effect of a potential prosecutor has resulted in children being
re enrolled and attending school. So the big stick, apparently,
at least in some cases, seems to be working. Five
(32:09):
to six and Bread, Bread, Mike's in the studio now morning, Mike. Good,
So you got much hope for this peace plan?
Speaker 7 (32:15):
No, because the only reason we've got a peace plan
is because all the other piece plans have failed, and
this one will fail as well. I was watching an
interview yesterday with the bloke who was involved one of
the last twenty fourteen, So you're going back at least
a decade.
Speaker 2 (32:29):
For that one.
Speaker 7 (32:30):
And one of the things that they got tripped up
on last time was the withdrawal line, which is the
same as this time. They've got a withdrawal line and
no one could quite work out where it was, and
so some Palestinians came along and saw some Israeli soldiers
and shot them, and the Israelis didn't like that, and
so that was the end of the peace.
Speaker 2 (32:45):
And then it all kicks. And that's how it works.
It's a yellow line, they're calling it, which is fifty
three percent of the territory that currently the Israelis hole any.
Speaker 7 (32:53):
Color they want, and you know what drives this is
hate and none of that disappears. So unfortunately, is as
good as this appears to be for now, it's not
going to last. It never has last. I mean, you know,
think about if it lasts for how long? For six months,
a year, ten years, twenty years, ten years.
Speaker 2 (33:11):
Back on again, Hey, is there a bubble? Are you
worried about the bubble.
Speaker 7 (33:14):
I raised this the other day. I raised this several
days ago. There are several bubbles going on. And the
guy at JP Morgan Diamond was commenting this morning, and
the head of the bank in England yesterday says, there's
no quiz.
Speaker 2 (33:26):
There's two bubbles.
Speaker 7 (33:26):
One there's the market bubble, the general marketing.
Speaker 2 (33:28):
Bubble, and then the AI.
Speaker 7 (33:30):
But there's the AI bubble. Both the bubbles. There's no
question their bubbles and they're going to go pop. The
only upside if you want something a little bit optimistic,
is the AI bubble is driven. I was reading and
this makes sense by companies that have so much money
it doesn't really matter. So when it pops, which it will,
they've got the wherewithal to carry the loss without us
(33:50):
all going oh my god, it's the end.
Speaker 2 (33:51):
It won't bring.
Speaker 7 (33:52):
It won't be like It's not like the dot com
where it's all super leverage to a point where people
have no money to back it up.
Speaker 2 (33:58):
Hey, have a nice show, Mike, I am. I intend
to run.
Speaker 7 (34:01):
I don't get up at two thirty in the morning,
have a bad show, Have a fantastic day.
Speaker 2 (34:04):
Everybody else, see you Monday.
Speaker 1 (34:10):
For more from Early Edition with Ryan Bridge, listen live
to News Talks at B from five am weekdays, or
follow the podcast on iHeartRadio
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