June 16, 2026 • 11 mins
THE BEST BITS IN A SILLIER PACKAGE (from Wednesday's Mike Hosking Breakfast) Now, How to Pay for Them/How Petrol Prices Work/Next PM, Please/Why Are You Still Here?/That's Tech For You
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Speaker 1 (00:09):
You're listening to a podcast from Newstalk z'db follow this
and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:22):
The Rewrapday there and welcome to the Rewrap for Wednesday.
All the best bets from the mic hosting breakfast on
Newstalks they'd be and a sillier package. I am Glen
Hart today. Why doesn't the bloody petro price come down?
Always getting cheaper? This is what a lot of people
are saying moment. Andy Burnham looks like he'll be the
next Prime Minister of the United Kingdom, so congratulations to him.
(00:47):
A BSA. I thought we'd got rid of them, but
they're still hanging around. And then what's going on with
the tech stocks? Why were they down today when everything
else was going up? But before any of that, Labor
and their policies and why is it such a mess.
Speaker 3 (01:02):
For those of you who were super keen to hear
from the Labor Party in election to you right, did
you notice this in the last week or so as
to what they might have in mind read the policy?
My question to you is this, now that they've started
handing out the ideas, does the size of the cockup
make you wish one they hadn't bothered and or two
can you believe the incompetence of past years hasn't been
(01:22):
addressed yet? Now the bus idea that's not sixty five
million according to economists, possibly well in fact over one
hundred million, the cancelation of the primary testing that's been
released seemingly through Ginny Anderson's sub stack of one hundred
and fifteen followers, are the doctor's visits that pays for
millionaires to go to the GP. Are the pay equity
promise that, despite the fact all would be revealed post
(01:42):
the budget has not been revealed or anywhere close. You've
got two things see an election year right. One the
policy itself and we debate those as ideas around ideology
or workability into the bill for any such idea. Now,
the latter is of increasing importance in recent years because one,
the previous labor government spent all the money and then some,
and two we still have no money and therefore simply
(02:04):
dreaming up ideas when no bills attached is no longer
acceptable to most voters, or is it? And that's my
other great conundrum at the moment in this current election year,
can a party who might well be government promised something
with an eleven billion dollar price tag, not explain whether
money comes from, but gets away with it anyway, given
the punter isn't really that interested. Polling might help, but
(02:25):
that's another conundrum I've got. Do I trust polling, No,
I don't. The participation rate is now so ropey people
to my mind, when they do find them to talk
actually tell posters anything. If what labor have produced so
far in terms of ideas, lack of dollars in general,
calamity was accurately measured, you might see a drop in
support or not, but if you trusted poles at least
you could get a gauge as to what's going on. Upshot, though,
(02:48):
is this lot under Chris Sipkins seem to have learned nothing.
There is not a lot of coordinated, well honed or
slicker anything about this. For those waiting, it would appear
to be a disappointment, a haphazard, sort of piece meal
kind of effort that after all this weight and sea
they've been playing, turns out to be the same old
group of sloppy thinkers and lazy operators hoping the government
(03:09):
would fail was their best chance. Given when they're forced
to sell themselves to you. They look like a year
rate school project, and not a particularly good one.
Speaker 2 (03:18):
Yeah, it's like they've got some things that they would
like to happen. They don't actually know how they're going
to afford them yet, But get back to them. Got
a little bit closer to the election and they might
have figured out a way to pay for them or not.
The rewrap at least they didn't. They're not trying to
do to the petrol price what the labor government in Australia.
Speaker 3 (03:39):
Did, Mike seventy eight dollars a barrel. New Zealand. Fuel
companies are ripping us off. Just got back from the
Gold Coast. It's a dollar sixty nine a liter. Well,
look you got to know the full story. I don't
know whether it is a dollar sixty nine a litter.
I haven't gone to the Gold Coast. But Albanese has
handed you free money money he doesn't have. And the
argument in Australia, and if you were paying attention to
the news you would have followed it. Everyone's angry now
(04:00):
because what they thought was an affordable bit of petrol
is no longer affordable because Albanese is taking the money
he gave them off, and he shouldn't have given them
in the first place. And I told you this at
the start. This is why this government did such a
good job. They helped a few people out in a
targeted way, but alban Eazy just wrote a check for everybody,
so everyone got instantly used to chuper petrol and that
could never last and it hasn't and it isn't, and
(04:21):
it's about to stop, and everyone's whining. And that's why
Albanze is not much of a prime minister.
Speaker 2 (04:25):
So I've got a bit of a quandary now because
I've got about two hundred k's to go on the
current tentk that I'm on, but it is super pumped
day to day at caltechs, so which means I'll get
a ten dollar perly to discount instead of the usual
six of a ten dollars ten cents perly to discount
(04:45):
instead of the six cents perly to discount that you
normally get. So my question is will petrow have come
down in price, because it is coming down a bit,
will it have come down enough I say Friday to
counteract what I will say today if I do that.
So it's really hard owning a carrap, Let's tender our
attention to the UK Now it's Starmer's times probably pretty
(05:10):
match up. So who's next? Who's next? Who's Britain's next PM?
It sounds like a Simon cowshow, doesn't it. Now?
Speaker 3 (05:21):
This Thursday and in fact tomorrow Night New Zealand Time,
the new epicenter of British politics, will deliver a piece
of history and it's worth following. It will elect Britain's
next Prime minister. Trouble with that is, no one's voted
for him to be Prime minister, unless you can count
the maker Field voter indirectly doing so because they know
why they want Andy Burnham to win, and in becoming
Prime Minister he will run the country potentially until twenty
(05:42):
twenty nine. That surely is all the evidence you need
to never invite the idea of a five year term.
If Burnham wins, it will make the key of Starmer
one of the most unsuccessful prime ministers of the modern age,
a man who in twenty twenty four, just in twenty
twenty four won the vote where a spectacular majority has
watched his support of vaporate and record time. Liz Trust,
(06:02):
the other modern failure of note, of course, picked up
the job and never won an election, so Starmer's win
then loss, is one for the history books. Having been
in Britain last week, you can feel it's decay. I mean,
places like London are still beautiful on a spring day,
but the cost of living is ruinous. The illegal migration
as the shambles races are major and Makeerfield as a
chance to tell Starma they're sick of it. Like so
much in democracy, Burnham won't change anything, of course, In fact,
(06:25):
you'll make it worse. He is of the left of
an already left leaning labor movement, the same movement that's
got Britain into the state it is. But people often
don't think through the ramifications of their vote. If they did,
Starmer would never have been delivered the sort of majority
that's undone in record time. And as I say, places
like London so that there's still great cities, But the
tourists of course don't live there. They only visit and
(06:45):
drink cocktails and marvel at the mail in the Palace.
Those who live there can't afford it, and they're full
of resentment over the aforementioned social issues they feel has
robbed them of the country they once knew and loved,
which under all the circumstances would mean reform would win Makerfield.
But the ability to put the knife directly into the
Prime Minister and finish him with Andy Burnham is too
(07:05):
good to resist. Hence tomorrow, hence his.
Speaker 2 (07:08):
Yeah, the timing's all worked out badly for Starma and
well for Burnham by the looks of things. They've been
trying to wedge them in there for a little while,
but yeah, it looks like it might actually happen now.
It seems seems like a decent enough guy that who
knows the rewrap? The question is, now, if Mike says
(07:29):
something dodgy about Andy Burnham or the UK or anything, really,
who will hold into account now that we don't have
a BSA. I hang on, they're not gone yet.
Speaker 3 (07:40):
What hey, congratulations of the BSA this morning. On their
way out the door, they've just decided who funds the BSA.
Before I make a fool of myself, is that us?
Is it the industry? I think it's yeah, it's the
industry in the government. So anyway, on their way out
there wasting more money, they've done some research which they
published this morning. It's their buying part of their bi
(08:00):
annual litmus Testing survey and basically what they've done some
research into and this is why you shouldn't believe any
of the polls at the moment. What they've done is
because when you commission a poll, it's just amazing how
it comes out in your favor so often. So eighty
six percent of a representative sample of New Zealanders agreed
with five BSA decisions that were tested relating to complaints
(08:22):
alleging bias against a wide range of people or groups.
So the research shows a close link between a participant's
perception of bias and their level of trust in the
media and institutions. So, in other words, what they set
out to find in their survey is do we make
really cool decisions? And when we ask you about how
cool those decisions are, you go, all, they're so cool.
(08:43):
And then you put it out as a press release
and we paid for this crap. I mean, honestly, just
butter off. You have holiday, you're being closed down, go home.
Speaker 2 (08:54):
It sounds like they had some leftover budget that they
need to use up or something. Hey that sort of thing.
Just give the budget to somebody else to do something
actually useful. Who cares they've got an opinion about a
thing that's being shut down. I don't understand the rewrap.
So yeah, as I mentioned before, oil coming down, that
(09:15):
meant the share market went up, but the NASDAK, the
tech docs didn't. What's going on there?
Speaker 3 (09:25):
The Dow Jones is up this morning, but the rest isn't.
It's a weird old time at the moment. So SpaceX
urber night, LeapFrog's Amazon and market cap briefly jumps past Microsoft.
Everyone seems to be loving SpaceX, but they and the
ironing of that is they have and the stocks up
twenty percent and it was already high to start with. Meantime,
in Video is going to raise at least twenty billion
(09:47):
dollars in their first debt sale. So you think to
yourself and all you know about in Video, do they
need to acquire more debt? I thought they, You know,
when they're turning over billions of dollars. I mean, when
somebody that wealthy is raising debt to do something that
may or may not be a thing, surely at some
point people start us.
Speaker 2 (10:04):
In fact, I did, I literally because I saw that
this morning I thought, that's weird. If you markets up
significantly up, nar'sdack quite significantly down, So I asked, I googled,
geminied why is the NARS dack down today? And it
said it's just a resettling, a sort of a slight
(10:26):
correction after everybody pumping so much money into tech stocks
in the last few days, you know, the whole SpaceX
blah blah blah. And I said, oh yeah. And then
Andrew callaher as Michae alluded to the came on directly
after I had asked the Internet that question and said
exactly the same thing. So either he had also asked
(10:46):
Jem and I or Jim and I was listening to.
I know that wouldn't work. It would have to go
forward in time. Can a I do that?
Speaker 1 (10:53):
Yet?
Speaker 2 (10:53):
It's probably only a matter of time? See what I
did there? I am gly in heart. I'm going to
stop talking now and saying stupid things like that, and
I'll start saying more stupid things tomorrow. See then I
want to hear stupid things.
Speaker 1 (11:12):
For more from News Talks at b Listen live on
air or online, and keep our shows with you wherever
you go. With our podcasts on iHeartRadio,
You're listening to a podcast from Newstalk z'db follow this
and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:22):
The Rewrapday there and welcome to the Rewrap for Wednesday.
All the best bets from the mic hosting breakfast on
Newstalks they'd be and a sillier package. I am Glen
Hart today. Why doesn't the bloody petro price come down?
Always getting cheaper? This is what a lot of people
are saying moment. Andy Burnham looks like he'll be the
next Prime Minister of the United Kingdom, so congratulations to him.
(00:47):
A BSA. I thought we'd got rid of them, but
they're still hanging around. And then what's going on with
the tech stocks? Why were they down today when everything
else was going up? But before any of that, Labor
and their policies and why is it such a mess.
Speaker 3 (01:02):
For those of you who were super keen to hear
from the Labor Party in election to you right, did
you notice this in the last week or so as
to what they might have in mind read the policy?
My question to you is this, now that they've started
handing out the ideas, does the size of the cockup
make you wish one they hadn't bothered and or two
can you believe the incompetence of past years hasn't been
(01:22):
addressed yet? Now the bus idea that's not sixty five
million according to economists, possibly well in fact over one
hundred million, the cancelation of the primary testing that's been
released seemingly through Ginny Anderson's sub stack of one hundred
and fifteen followers, are the doctor's visits that pays for
millionaires to go to the GP. Are the pay equity
promise that, despite the fact all would be revealed post
(01:42):
the budget has not been revealed or anywhere close. You've
got two things see an election year right. One the
policy itself and we debate those as ideas around ideology
or workability into the bill for any such idea. Now,
the latter is of increasing importance in recent years because one,
the previous labor government spent all the money and then some,
and two we still have no money and therefore simply
(02:04):
dreaming up ideas when no bills attached is no longer
acceptable to most voters, or is it? And that's my
other great conundrum at the moment in this current election year,
can a party who might well be government promised something
with an eleven billion dollar price tag, not explain whether
money comes from, but gets away with it anyway, given
the punter isn't really that interested. Polling might help, but
(02:25):
that's another conundrum I've got. Do I trust polling, No,
I don't. The participation rate is now so ropey people
to my mind, when they do find them to talk
actually tell posters anything. If what labor have produced so
far in terms of ideas, lack of dollars in general,
calamity was accurately measured, you might see a drop in
support or not, but if you trusted poles at least
you could get a gauge as to what's going on. Upshot, though,
(02:48):
is this lot under Chris Sipkins seem to have learned nothing.
There is not a lot of coordinated, well honed or
slicker anything about this. For those waiting, it would appear
to be a disappointment, a haphazard, sort of piece meal
kind of effort that after all this weight and sea
they've been playing, turns out to be the same old
group of sloppy thinkers and lazy operators hoping the government
(03:09):
would fail was their best chance. Given when they're forced
to sell themselves to you. They look like a year
rate school project, and not a particularly good one.
Speaker 2 (03:18):
Yeah, it's like they've got some things that they would
like to happen. They don't actually know how they're going
to afford them yet, But get back to them. Got
a little bit closer to the election and they might
have figured out a way to pay for them or not.
The rewrap at least they didn't. They're not trying to
do to the petrol price what the labor government in Australia.
Speaker 3 (03:39):
Did, Mike seventy eight dollars a barrel. New Zealand. Fuel
companies are ripping us off. Just got back from the
Gold Coast. It's a dollar sixty nine a liter. Well,
look you got to know the full story. I don't
know whether it is a dollar sixty nine a litter.
I haven't gone to the Gold Coast. But Albanese has
handed you free money money he doesn't have. And the
argument in Australia, and if you were paying attention to
the news you would have followed it. Everyone's angry now
(04:00):
because what they thought was an affordable bit of petrol
is no longer affordable because Albanese is taking the money
he gave them off, and he shouldn't have given them
in the first place. And I told you this at
the start. This is why this government did such a
good job. They helped a few people out in a
targeted way, but alban Eazy just wrote a check for everybody,
so everyone got instantly used to chuper petrol and that
could never last and it hasn't and it isn't, and
(04:21):
it's about to stop, and everyone's whining. And that's why
Albanze is not much of a prime minister.
Speaker 2 (04:25):
So I've got a bit of a quandary now because
I've got about two hundred k's to go on the
current tentk that I'm on, but it is super pumped
day to day at caltechs, so which means I'll get
a ten dollar perly to discount instead of the usual
six of a ten dollars ten cents perly to discount
(04:45):
instead of the six cents perly to discount that you
normally get. So my question is will petrow have come
down in price, because it is coming down a bit,
will it have come down enough I say Friday to
counteract what I will say today if I do that.
So it's really hard owning a carrap, Let's tender our
attention to the UK Now it's Starmer's times probably pretty
(05:10):
match up. So who's next? Who's next? Who's Britain's next PM?
It sounds like a Simon cowshow, doesn't it. Now?
Speaker 3 (05:21):
This Thursday and in fact tomorrow Night New Zealand Time,
the new epicenter of British politics, will deliver a piece
of history and it's worth following. It will elect Britain's
next Prime minister. Trouble with that is, no one's voted
for him to be Prime minister, unless you can count
the maker Field voter indirectly doing so because they know
why they want Andy Burnham to win, and in becoming
Prime Minister he will run the country potentially until twenty
(05:42):
twenty nine. That surely is all the evidence you need
to never invite the idea of a five year term.
If Burnham wins, it will make the key of Starmer
one of the most unsuccessful prime ministers of the modern age,
a man who in twenty twenty four, just in twenty
twenty four won the vote where a spectacular majority has
watched his support of vaporate and record time. Liz Trust,
(06:02):
the other modern failure of note, of course, picked up
the job and never won an election, so Starmer's win
then loss, is one for the history books. Having been
in Britain last week, you can feel it's decay. I mean,
places like London are still beautiful on a spring day,
but the cost of living is ruinous. The illegal migration
as the shambles races are major and Makeerfield as a
chance to tell Starma they're sick of it. Like so
much in democracy, Burnham won't change anything, of course, In fact,
(06:25):
you'll make it worse. He is of the left of
an already left leaning labor movement, the same movement that's
got Britain into the state it is. But people often
don't think through the ramifications of their vote. If they did,
Starmer would never have been delivered the sort of majority
that's undone in record time. And as I say, places
like London so that there's still great cities, But the
tourists of course don't live there. They only visit and
(06:45):
drink cocktails and marvel at the mail in the Palace.
Those who live there can't afford it, and they're full
of resentment over the aforementioned social issues they feel has
robbed them of the country they once knew and loved,
which under all the circumstances would mean reform would win Makerfield.
But the ability to put the knife directly into the
Prime Minister and finish him with Andy Burnham is too
(07:05):
good to resist. Hence tomorrow, hence his.
Speaker 2 (07:08):
Yeah, the timing's all worked out badly for Starma and
well for Burnham by the looks of things. They've been
trying to wedge them in there for a little while,
but yeah, it looks like it might actually happen now.
It seems seems like a decent enough guy that who
knows the rewrap? The question is, now, if Mike says
(07:29):
something dodgy about Andy Burnham or the UK or anything, really,
who will hold into account now that we don't have
a BSA. I hang on, they're not gone yet.
Speaker 3 (07:40):
What hey, congratulations of the BSA this morning. On their
way out the door, they've just decided who funds the BSA.
Before I make a fool of myself, is that us?
Is it the industry? I think it's yeah, it's the
industry in the government. So anyway, on their way out
there wasting more money, they've done some research which they
published this morning. It's their buying part of their bi
(08:00):
annual litmus Testing survey and basically what they've done some
research into and this is why you shouldn't believe any
of the polls at the moment. What they've done is
because when you commission a poll, it's just amazing how
it comes out in your favor so often. So eighty
six percent of a representative sample of New Zealanders agreed
with five BSA decisions that were tested relating to complaints
(08:22):
alleging bias against a wide range of people or groups.
So the research shows a close link between a participant's
perception of bias and their level of trust in the
media and institutions. So, in other words, what they set
out to find in their survey is do we make
really cool decisions? And when we ask you about how
cool those decisions are, you go, all, they're so cool.
(08:43):
And then you put it out as a press release
and we paid for this crap. I mean, honestly, just
butter off. You have holiday, you're being closed down, go home.
Speaker 2 (08:54):
It sounds like they had some leftover budget that they
need to use up or something. Hey that sort of thing.
Just give the budget to somebody else to do something
actually useful. Who cares they've got an opinion about a
thing that's being shut down. I don't understand the rewrap.
So yeah, as I mentioned before, oil coming down, that
(09:15):
meant the share market went up, but the NASDAK, the
tech docs didn't. What's going on there?
Speaker 3 (09:25):
The Dow Jones is up this morning, but the rest isn't.
It's a weird old time at the moment. So SpaceX
urber night, LeapFrog's Amazon and market cap briefly jumps past Microsoft.
Everyone seems to be loving SpaceX, but they and the
ironing of that is they have and the stocks up
twenty percent and it was already high to start with. Meantime,
in Video is going to raise at least twenty billion
(09:47):
dollars in their first debt sale. So you think to
yourself and all you know about in Video, do they
need to acquire more debt? I thought they, You know,
when they're turning over billions of dollars. I mean, when
somebody that wealthy is raising debt to do something that
may or may not be a thing, surely at some
point people start us.
Speaker 2 (10:04):
In fact, I did, I literally because I saw that
this morning I thought, that's weird. If you markets up
significantly up, nar'sdack quite significantly down, So I asked, I googled,
geminied why is the NARS dack down today? And it
said it's just a resettling, a sort of a slight
(10:26):
correction after everybody pumping so much money into tech stocks
in the last few days, you know, the whole SpaceX
blah blah blah. And I said, oh yeah. And then
Andrew callaher as Michae alluded to the came on directly
after I had asked the Internet that question and said
exactly the same thing. So either he had also asked
(10:46):
Jem and I or Jim and I was listening to.
I know that wouldn't work. It would have to go
forward in time. Can a I do that?
Speaker 1 (10:53):
Yet?
Speaker 2 (10:53):
It's probably only a matter of time? See what I
did there? I am gly in heart. I'm going to
stop talking now and saying stupid things like that, and
I'll start saying more stupid things tomorrow. See then I
want to hear stupid things.
Speaker 1 (11:12):
For more from News Talks at b Listen live on
air or online, and keep our shows with you wherever
you go. With our podcasts on iHeartRadio,
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