June 17, 2026 • 11 mins
THE BEST BITS IN A SILLIER PACKAGE (from Thursday's Mike Hosking Breakfast) Groundhog Domestic Product/Why So Blue?/Come On, Australia!
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Speaker 1 (00:09):
You're listening to a podcast from News Talks EDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:22):
The Rewrapay there and welcome to the Rewrap. For Thursday,
all the best bits from the mic hosting breakfast on
News Talks d be in a sillier package. I am
Glenn Hert and today a bit of a strange one.
We've sort of got an extended bit about somebody I
never thought we'd do it, an extended bit about At
the end of the podcast. Don't worry, we will get
to consumer confidence shortly. But first something even more boring.
(00:46):
It's Groundhog Day again. That's right, Groundhog dobstic product.
Speaker 3 (00:50):
Yes, things won't get back to the so called normal
this week, but when the straight opens and the oil flows,
I think before we know it, it will all be
in the rearview mirror, and a reminder of that day
comes in the form of our GDP number sometime later
on today. Now this is for Q one of course,
Jan and Feb and March. Before it all hit the fan,
I mean, yes, it was rising during that Pero red,
but a lot was still to unfold. What we will
(01:10):
see is a figure I think of about one percent.
If you annualize that out, that's four percent, which is
a lot of growth. Now, the trouble with news is
the negative stuff grabs too much attention. There has been,
and indeed is quite a lot of good news about
and the war didn't really change any of that. So
experts are booming and they are helped by our dollar.
New Zealander is in our returning from Australia. If you
haven't noticed as increasing numbers of them. Realize, the tax
(01:33):
rates are high, the cost of a house is high.
The polling this week on their recent budget showed just
nine percent thought it was good for the country. I mean,
the government's economic credibility is shot. Think also the fact
as petrol drops that money gets put into other parts
of the economy. And here's my anecdotal view for what
it's worth. Despite all the misery around the news cycle,
the war for many hasn't actually changed a lot. Most
(01:53):
people have work, most people are on top of their finances,
and a lot of businesses that are good at what
they do are doing fine, thank you very much. And
given the Iran deal, that can only improve from here
on in. When we get to the GDP numbers, for
Q two, they will be flatted, not slightly backwards. So
what today will show is the war wasn't on us.
We didn't start it. We just had to suck it
up like everyone else, and as such we were tracking nicely.
(02:16):
We will track nicely again. The fundamentals are all there,
which means they will kick back in. It's not like
we're starting again. The hard work has already been done.
We paused, we held our breath, We got through and
out the other side, damage done, emergency avoided. We can
get back to business. GDP. Today is a picture of
what was and what will be again before you know it,
(02:39):
And broadly speaking, it's a pretty solid picture.
Speaker 1 (02:42):
Oh that's awesome.
Speaker 2 (02:43):
We can start worrying and get on with our lives.
Speaker 1 (02:46):
Tastic. We're great, it's all great.
Speaker 3 (02:49):
Everything's back to nor Yay.
Speaker 4 (02:51):
So we wrap.
Speaker 2 (02:52):
So how come everybody keeps saying everything sucks and it's
going to be really bad for ever.
Speaker 3 (02:57):
Consumer confidence is in the doldrums again. As we've mentioned
this morning, we're a flaky old lot, aren't we. I
mean they've seen similar things in America. You take a
single confidence reading in America, you would believe it's the
end of the world. But look at the meat on
jobs and spending. It defies the mood, which would lead
you to believe that what people say and what they
do are often different things. So we're sitting on an eighty.
(03:18):
It's fall and fourteen. That's a lot. One hundred or
more is positive. We're far from positive. If it helps,
I'm positive. Could I find stuff to be negative about? Yes?
I could. We all could at any time, no matter
what's going on. But take spending data out this week
from last month. Right, it was up, and it was
up a lot. Durables were up, durables and things like
(03:38):
sofas and fridges. Why would you buy a sofa if
you're miserable, and yet we did. Oil this week is
down a lot. That money will go into cafe lunches
and movie tickets. Things are getting better. I think it's
a fear, the worst mentality that we suffer from the
food price stats yesterday. They're virtually normal. In other words,
in the Reserve Bank bands zero to three percent, no
extra inflation of the war, the interest rate hikes that
(04:01):
we're going to be needed to detain the so called
runaway secondary costs landing on our beleaged economy may not
be needed. Sharon and I were talking about that just
a moment ago. Now the common line used is, yes,
some are doing it tough. No, we're not out of
the woods yet. All of that's true. I get that,
but it isn't as bad as predicted. The facts cannot
be denied unless you have a political agenda, and it
(04:23):
suits you to deny them. In other words, if you
look on average at the facts, most people have work,
most people are under financial control. The banks tell us
this spending us up, we have some savings, and looking forward,
the war is over, things will get better. The GDP
today tells us what we were traveling like pre war,
and that was pretty well, thank you very much. So
the facts do not equate to the eighty in confidence. Now,
(04:45):
be miserable if you want. It's a free will. But
I'm not, and I reckon I'm better for it.
Speaker 2 (04:49):
I've quoted it before, but I will again. From one
of my favorite movies from when I was a teenage
Say Anything John Tusach, where he says to well not
his character says to his sister, how hard is it
to decide to be in a good mood and being
(05:10):
a good mood, and his sister says, oh gee, it's easy. Fancastically,
I think maybe it is actually quite easy.
Speaker 4 (05:19):
Rewrap.
Speaker 2 (05:20):
Okay, here we go. So, in a segment which is
disturbingly repeating on our show, the Come On Australia segment
as the Rise and Rise of Pauline Hanson, the orange
headed Pauline Hanson continues.
Speaker 3 (05:38):
I am aware that most of you are probably bought
witless by it, and you've got no particular interest in
Pauline Hanson whatsoever. But I did, and I watched her
yesterday in long form for the first time out. But
she was in front of the press club in Australia.
She spoke for forty seven forty eight minutes. In fact,
she spoke for so long that the bloke running it said,
can you wrap this up shortly? And then they took
the questions and that was sort of the frescant of
the room as the media faced Hanson down. And so
(06:00):
there were some key highlights there, but the important part
being she potentially could be if you believe the poll,
she could potentially be Australia's next Prime minister, and from
that got to take it seriously. The significant part of
that is she's never been a bid it. She's been
around for thirty years, never been invited. They're taking it
seriously at last, why Pole this week suggested been many polls.
The mood is on. They've had votes in Pharah, They've
had votes in South Australia. The move is on. Australia
(06:23):
is fed up with what they've got by way of
traditional politics. They are moving to one nation. Now my
pick here and now put it on the records. She
will not ever be Prime Minister of Australia. I doubt
very much whether her party will ever be involved necessarily
in a majority position in government. She may well be
tagged along in some sort of weird arrangement in the future.
I don't know, but she is not going to turn
(06:44):
out to be what they think she is at the moment. Nevertheless,
they are taking it seriously. So the invite came yesterday.
So yesterday was a defining moment. It was a moment
in time that if I'm wrong and the polls are right,
you are watching the future Prime Minister of Australia. One
of the reviews this morning summed up beautifully. She wasn't slick,
but her formidable Press Club appearance proved her critics wrong,
(07:05):
and I think that's accurate. Here she is, she gave
the speech, she was far too long. She's no orator,
and she's got an annoying voice, and she was told
to wrap up the speech. But here's an SBS report.
Speaker 5 (07:17):
So I'm talking about in sixty languages. I thought people
integrate into Australia.
Speaker 4 (07:22):
I can understand your question, you're going to be without
a job. I can understand that.
Speaker 5 (07:28):
Isn't that part of your platform? Isn't that part of
your platform, Senator, to integrate people from other countries into
Australia to help them become Australian.
Speaker 4 (07:37):
Now, I want them to be able to learn to
speak English before they get here to get the citizenship,
and that would help them assimilate into our society.
Speaker 3 (07:45):
The SBS reference as part of her platform is she's
going to get rid of the SBS because it's race based.
Of course, she's an interesting mix of Winston Peters and
David Seymour. David Seymour in the sense that she's very
conservative in the expenditure of public money, in the firing
of useless people, in the simplifying of the bureaucracy, very
Winston Peters and that Zim and the phobic type. She
(08:06):
talked about Islam and monoculture and people speaking English. She's
very big on poor people and people who are struggling
and helping people not to struggle. So she's this interesting
mix of representing the Australian battler and a little bit
of acting the conservatism. And on the tax side, she's
into tax splitting. I noted with interest, which is an
(08:28):
old Peter Dunn idea. In other words, you know, if
you've got two people one person, you can split the
tax anyway. She hates the media, and the media hate her.
By and large, all the questions were very respectful and
there wasn't much argie bargie. There was this from a
Guardian reporter.
Speaker 4 (08:42):
I've never seen a person that's such a trashy journalist,
you know, and what you put out all the time.
You've got this obsession with constantly trying to pull down myself,
my party or missus Reinhart. Whatever you do, you will
be banned from my answering. I'll ask you in a
question all day, but I'm telling you now don't come
near me for an interview. In future because of twenty
(09:05):
five of your articles. It's always a twenty eight articles
is constantly bashing one nation. You don't research properly, you
don't know your information, and you will put out lies
about me. Well, I've had enough of that.
Speaker 3 (09:17):
So that's Sarah Martin from The Guardian, who didn't get
a word in. Each ways anyway, the point being she
was asking you about and I won't bore you with
the detail, but there's a job her daughter, Hanson's daughter
who ran I think in Tasmania from memory. Anyway, she's
got another job in New South Wales. And there's a
few question marks around that, and that's part of the
Pauline Hanson problem. There are question marks around her whole organization.
(09:39):
They're an interesting eclectic collection of anywhere from political experience
of Pauline Hanson to complete idiots who don't have the
slightest idea. One of the arguments was branches. She banned
branches of the party because when she used to have
branches of the party a whole lot of tryhards and
weirdos got involved and they caused a knowing too trouble.
So she banned branches. So it was an interesting exercise.
(10:01):
The reviews go as follows. Pauline Hanson at the National
Press Club was a high voltage lightning rod for popular anger,
but a very feeble lighthouse for illuminating solutions. It was
an audition for the position of opposition leader, not prime minister.
Another one said her prosecution, her persecution rather complex, was
in full flight when facing questions from media outlet she
doesn't like. Another one said, by showing up today, Pauline
(10:23):
Hanson passed the test. More exposure for our potential leaders
will lead to more informed voters. That should be encouraged.
Another one. First speech contained no new details about what
one nation would actually do if it were to form
a government, and that is an accurate assessment. She said
basically nothing sort of banning the SBS, so she said
nothing about what she would do either themselves or in
(10:45):
a coalition. She didn't miss a beat in her speech, though,
so overall I would argue that as an orator, she's
no good. In reading a speech, she's no good. She
was very nervous at the start. But when your hot buttoner,
when you talk a bit about the old xenophobia or
the radical Islam, she's off to the races and you
can see if I was an angry Australian in Rurallestas,
(11:08):
Australia and I had an IQ of seventy three or below,
I think she's pretty cool.
Speaker 2 (11:14):
So that's that massive segment of our iHeartRadio audience gone.
Isn't it stupid people in Australia no longer listening, Thanks Mike.
He does spend a lot of time watching Sky News
Australia in the afternoon on the exercise bike. I would
(11:34):
I think I'd find that quite demotivating. I was trying
to exercise for that anyway, seems to get him fired up.
I am a glen hat. That was the rewrap and
we'll get fired up again tomorrow for you. You map
my words.
Speaker 1 (11:58):
For more from news Talk said b. Listen live on
air or online and keep our shows with you wherever
you go with our podcast on iHeartRadio.
You're listening to a podcast from News Talks EDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:22):
The Rewrapay there and welcome to the Rewrap. For Thursday,
all the best bits from the mic hosting breakfast on
News Talks d be in a sillier package. I am
Glenn Hert and today a bit of a strange one.
We've sort of got an extended bit about somebody I
never thought we'd do it, an extended bit about At
the end of the podcast. Don't worry, we will get
to consumer confidence shortly. But first something even more boring.
(00:46):
It's Groundhog Day again. That's right, Groundhog dobstic product.
Speaker 3 (00:50):
Yes, things won't get back to the so called normal
this week, but when the straight opens and the oil flows,
I think before we know it, it will all be
in the rearview mirror, and a reminder of that day
comes in the form of our GDP number sometime later
on today. Now this is for Q one of course,
Jan and Feb and March. Before it all hit the fan,
I mean, yes, it was rising during that Pero red,
but a lot was still to unfold. What we will
(01:10):
see is a figure I think of about one percent.
If you annualize that out, that's four percent, which is
a lot of growth. Now, the trouble with news is
the negative stuff grabs too much attention. There has been,
and indeed is quite a lot of good news about
and the war didn't really change any of that. So
experts are booming and they are helped by our dollar.
New Zealander is in our returning from Australia. If you
haven't noticed as increasing numbers of them. Realize, the tax
(01:33):
rates are high, the cost of a house is high.
The polling this week on their recent budget showed just
nine percent thought it was good for the country. I mean,
the government's economic credibility is shot. Think also the fact
as petrol drops that money gets put into other parts
of the economy. And here's my anecdotal view for what
it's worth. Despite all the misery around the news cycle,
the war for many hasn't actually changed a lot. Most
(01:53):
people have work, most people are on top of their finances,
and a lot of businesses that are good at what
they do are doing fine, thank you very much. And
given the Iran deal, that can only improve from here
on in. When we get to the GDP numbers, for
Q two, they will be flatted, not slightly backwards. So
what today will show is the war wasn't on us.
We didn't start it. We just had to suck it
up like everyone else, and as such we were tracking nicely.
(02:16):
We will track nicely again. The fundamentals are all there,
which means they will kick back in. It's not like
we're starting again. The hard work has already been done.
We paused, we held our breath, We got through and
out the other side, damage done, emergency avoided. We can
get back to business. GDP. Today is a picture of
what was and what will be again before you know it,
(02:39):
And broadly speaking, it's a pretty solid picture.
Speaker 1 (02:42):
Oh that's awesome.
Speaker 2 (02:43):
We can start worrying and get on with our lives.
Speaker 1 (02:46):
Tastic. We're great, it's all great.
Speaker 3 (02:49):
Everything's back to nor Yay.
Speaker 4 (02:51):
So we wrap.
Speaker 2 (02:52):
So how come everybody keeps saying everything sucks and it's
going to be really bad for ever.
Speaker 3 (02:57):
Consumer confidence is in the doldrums again. As we've mentioned
this morning, we're a flaky old lot, aren't we. I
mean they've seen similar things in America. You take a
single confidence reading in America, you would believe it's the
end of the world. But look at the meat on
jobs and spending. It defies the mood, which would lead
you to believe that what people say and what they
do are often different things. So we're sitting on an eighty.
(03:18):
It's fall and fourteen. That's a lot. One hundred or
more is positive. We're far from positive. If it helps,
I'm positive. Could I find stuff to be negative about? Yes?
I could. We all could at any time, no matter
what's going on. But take spending data out this week
from last month. Right, it was up, and it was
up a lot. Durables were up, durables and things like
(03:38):
sofas and fridges. Why would you buy a sofa if
you're miserable, and yet we did. Oil this week is
down a lot. That money will go into cafe lunches
and movie tickets. Things are getting better. I think it's
a fear, the worst mentality that we suffer from the
food price stats yesterday. They're virtually normal. In other words,
in the Reserve Bank bands zero to three percent, no
extra inflation of the war, the interest rate hikes that
(04:01):
we're going to be needed to detain the so called
runaway secondary costs landing on our beleaged economy may not
be needed. Sharon and I were talking about that just
a moment ago. Now the common line used is, yes,
some are doing it tough. No, we're not out of
the woods yet. All of that's true. I get that,
but it isn't as bad as predicted. The facts cannot
be denied unless you have a political agenda, and it
(04:23):
suits you to deny them. In other words, if you
look on average at the facts, most people have work,
most people are under financial control. The banks tell us
this spending us up, we have some savings, and looking forward,
the war is over, things will get better. The GDP
today tells us what we were traveling like pre war,
and that was pretty well, thank you very much. So
the facts do not equate to the eighty in confidence. Now,
(04:45):
be miserable if you want. It's a free will. But
I'm not, and I reckon I'm better for it.
Speaker 2 (04:49):
I've quoted it before, but I will again. From one
of my favorite movies from when I was a teenage
Say Anything John Tusach, where he says to well not
his character says to his sister, how hard is it
to decide to be in a good mood and being
(05:10):
a good mood, and his sister says, oh gee, it's easy. Fancastically,
I think maybe it is actually quite easy.
Speaker 4 (05:19):
Rewrap.
Speaker 2 (05:20):
Okay, here we go. So, in a segment which is
disturbingly repeating on our show, the Come On Australia segment
as the Rise and Rise of Pauline Hanson, the orange
headed Pauline Hanson continues.
Speaker 3 (05:38):
I am aware that most of you are probably bought
witless by it, and you've got no particular interest in
Pauline Hanson whatsoever. But I did, and I watched her
yesterday in long form for the first time out. But
she was in front of the press club in Australia.
She spoke for forty seven forty eight minutes. In fact,
she spoke for so long that the bloke running it said,
can you wrap this up shortly? And then they took
the questions and that was sort of the frescant of
the room as the media faced Hanson down. And so
(06:00):
there were some key highlights there, but the important part
being she potentially could be if you believe the poll,
she could potentially be Australia's next Prime minister, and from
that got to take it seriously. The significant part of
that is she's never been a bid it. She's been
around for thirty years, never been invited. They're taking it
seriously at last, why Pole this week suggested been many polls.
The mood is on. They've had votes in Pharah, They've
had votes in South Australia. The move is on. Australia
(06:23):
is fed up with what they've got by way of
traditional politics. They are moving to one nation. Now my
pick here and now put it on the records. She
will not ever be Prime Minister of Australia. I doubt
very much whether her party will ever be involved necessarily
in a majority position in government. She may well be
tagged along in some sort of weird arrangement in the future.
I don't know, but she is not going to turn
(06:44):
out to be what they think she is at the moment. Nevertheless,
they are taking it seriously. So the invite came yesterday.
So yesterday was a defining moment. It was a moment
in time that if I'm wrong and the polls are right,
you are watching the future Prime Minister of Australia. One
of the reviews this morning summed up beautifully. She wasn't slick,
but her formidable Press Club appearance proved her critics wrong,
(07:05):
and I think that's accurate. Here she is, she gave
the speech, she was far too long. She's no orator,
and she's got an annoying voice, and she was told
to wrap up the speech. But here's an SBS report.
Speaker 5 (07:17):
So I'm talking about in sixty languages. I thought people
integrate into Australia.
Speaker 4 (07:22):
I can understand your question, you're going to be without
a job. I can understand that.
Speaker 5 (07:28):
Isn't that part of your platform? Isn't that part of
your platform, Senator, to integrate people from other countries into
Australia to help them become Australian.
Speaker 4 (07:37):
Now, I want them to be able to learn to
speak English before they get here to get the citizenship,
and that would help them assimilate into our society.
Speaker 3 (07:45):
The SBS reference as part of her platform is she's
going to get rid of the SBS because it's race based.
Of course, she's an interesting mix of Winston Peters and
David Seymour. David Seymour in the sense that she's very
conservative in the expenditure of public money, in the firing
of useless people, in the simplifying of the bureaucracy, very
Winston Peters and that Zim and the phobic type. She
(08:06):
talked about Islam and monoculture and people speaking English. She's
very big on poor people and people who are struggling
and helping people not to struggle. So she's this interesting
mix of representing the Australian battler and a little bit
of acting the conservatism. And on the tax side, she's
into tax splitting. I noted with interest, which is an
(08:28):
old Peter Dunn idea. In other words, you know, if
you've got two people one person, you can split the
tax anyway. She hates the media, and the media hate her.
By and large, all the questions were very respectful and
there wasn't much argie bargie. There was this from a
Guardian reporter.
Speaker 4 (08:42):
I've never seen a person that's such a trashy journalist,
you know, and what you put out all the time.
You've got this obsession with constantly trying to pull down myself,
my party or missus Reinhart. Whatever you do, you will
be banned from my answering. I'll ask you in a
question all day, but I'm telling you now don't come
near me for an interview. In future because of twenty
(09:05):
five of your articles. It's always a twenty eight articles
is constantly bashing one nation. You don't research properly, you
don't know your information, and you will put out lies
about me. Well, I've had enough of that.
Speaker 3 (09:17):
So that's Sarah Martin from The Guardian, who didn't get
a word in. Each ways anyway, the point being she
was asking you about and I won't bore you with
the detail, but there's a job her daughter, Hanson's daughter
who ran I think in Tasmania from memory. Anyway, she's
got another job in New South Wales. And there's a
few question marks around that, and that's part of the
Pauline Hanson problem. There are question marks around her whole organization.
(09:39):
They're an interesting eclectic collection of anywhere from political experience
of Pauline Hanson to complete idiots who don't have the
slightest idea. One of the arguments was branches. She banned
branches of the party because when she used to have
branches of the party a whole lot of tryhards and
weirdos got involved and they caused a knowing too trouble.
So she banned branches. So it was an interesting exercise.
(10:01):
The reviews go as follows. Pauline Hanson at the National
Press Club was a high voltage lightning rod for popular anger,
but a very feeble lighthouse for illuminating solutions. It was
an audition for the position of opposition leader, not prime minister.
Another one said her prosecution, her persecution rather complex, was
in full flight when facing questions from media outlet she
doesn't like. Another one said, by showing up today, Pauline
(10:23):
Hanson passed the test. More exposure for our potential leaders
will lead to more informed voters. That should be encouraged.
Another one. First speech contained no new details about what
one nation would actually do if it were to form
a government, and that is an accurate assessment. She said
basically nothing sort of banning the SBS, so she said
nothing about what she would do either themselves or in
(10:45):
a coalition. She didn't miss a beat in her speech, though,
so overall I would argue that as an orator, she's
no good. In reading a speech, she's no good. She
was very nervous at the start. But when your hot buttoner,
when you talk a bit about the old xenophobia or
the radical Islam, she's off to the races and you
can see if I was an angry Australian in Rurallestas,
(11:08):
Australia and I had an IQ of seventy three or below,
I think she's pretty cool.
Speaker 2 (11:14):
So that's that massive segment of our iHeartRadio audience gone.
Isn't it stupid people in Australia no longer listening, Thanks Mike.
He does spend a lot of time watching Sky News
Australia in the afternoon on the exercise bike. I would
(11:34):
I think I'd find that quite demotivating. I was trying
to exercise for that anyway, seems to get him fired up.
I am a glen hat. That was the rewrap and
we'll get fired up again tomorrow for you. You map
my words.
Speaker 1 (11:58):
For more from news Talk said b. Listen live on
air or online and keep our shows with you wherever
you go with our podcast on iHeartRadio.
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