October 8, 2025 • 12 mins
THE BEST BITS IN A SILLIER PACKAGE (from Thursday's Mike Hosking Breakfast) Failing Up/Why Tariffs Are Stupid/AI Apocalypse Cancelled/Good Things Take Time/Dolly Is Doomed
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Speaker 1 (00:09):
You're listening to a podcast from News Talk sed be
follow this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
Rewrap There, Welcome to the Rewrap for Thursday. All the
best buts from the Mike Husking Breakfast on Newstalks. He'd
be in a sillier package. I am Glen Harton and today,
how are those tariffs working out for Trump?
Speaker 3 (00:39):
I think they're going awesome? Has the AI bubble burst yet?
Will it burst? Is there even a bubble?
Speaker 2 (00:45):
We'll do our daily Nobel Prize catch up and is
Dolly Parton okay?
Speaker 3 (00:52):
Spoilers? Yes? But before any of that Tory funo is
she okay?
Speaker 2 (00:57):
I think she's getting to always be okay because some
people just managed to fail.
Speaker 3 (01:01):
Up, don't they.
Speaker 4 (01:02):
The Wellington mayor went out not really in the blaze
of glory yesterday, more a fireball of misery and Tory
far now we speak of, of course, probably the local
body posts a child for an aptitude she gave her
by by speech. She was a shambles. She may well
still be back. Of course she's standing in the Marrie world.
She seems to me like a person who if she
wasn't in local body politics might have trouble finding work,
(01:23):
as she admitted after it was too late, that she
really should have done her homework before chasing the big
meeral job. She won because too many people, of course,
stood for mayor and split the vote. So by the
time you deal with the appalling turnout and split the
vote several times over, you don't actually need a lot
of support to get a job that you weren't even
qualified for in the first place. But that's local body politics,
(01:44):
isn't it. That's the joke of it all. At least
it's a national level, whether it's on a list or
an electorate, there's a group of experienced operators within the
party that give you the ones over Locally, literally anyone
can have a go, and that if you haven't worked
it art yet, is a problem. It wasn't all her fault,
of course, Amyera is not a president and is but
one vote. But a mayor's job shouldn't be a funsies
(02:05):
party trick because you bought or unemployable there were a person.
That's another problem, and a lack of vetting. Of course,
some people are basically just as shambles, and she's clearly
one of those. Not a crime we all got issues.
It's just advisable not to have them on display while
you're trying to run things like a city, and the
city pretty much a reflection of her leadership, isn't it
a mess? Infrastructurally and embarrassment level one water strections already
(02:28):
when we're barely out of autumn, a devastated CBD angst
fury and backstabbing having been a feature of decision making,
that particular trait aired yet again in a farewell speech.
Yesterday we seem to be I was thinking to myself,
like yesterday afternoon, we seem to be in an era
where quality in so many eras, areas where parts of
life has gone by the wayside. And Tory farn Now
certainly an example of that. She came. She cocked it up,
(02:51):
She flailed, she flapped about what we were. I mean,
we were like her psychologists, weren't we? She aired her
many and varied problems, then puff I'm off until she wasn't,
And then they sadly really are. But honestly, in a
city of people like Kits and Fowler and Bellach, maybe
even wild and parenti agame old Tory is hardly one
for the record books, eggs.
Speaker 2 (03:12):
I sometimes feel like POLITEXS is kind of a sheltered
workshop because if there's people involved in it that if
they weren't doing that, you really really wonder what they'd
be doing, because there ain't no job for them anywhere else.
Speaker 3 (03:26):
You know what I'm saying.
Speaker 2 (03:27):
We wrap, okay, speaking of somebody who should be sheltered
somewhere and not yet out in public. Trump's tariffs every
time he talks they're bringing in more and more trillions,
or are they?
Speaker 4 (03:39):
Soybean farmers, let me tell you the story. Like a
lot of American farmers at the moment, they're having a
very tough time of it now, soybeans particularly so because
most of their product goes to China. So far the season,
China has brought no beans. A lot of countries when
they can are doing business these days with other countries
and avoiding, of course, the American tariff regime. China in
particular is caught up in an ongoing shambles around trade generally,
(04:02):
so China's gone to Argentina for their soy beans. This
has left the people of Minnesota, where most of the
beans are grown, with a problem. Now, if you remember
when Trump announced the tariffs. The tariffs had apparently no
downside apart from a little pain, a little pain at
the stant. Remember that there would be a little pain.
I'm assuming losing your biggest soybean customer is the little
(04:22):
pain bit. Anyway, the White House response to this is
a massive bailout. Billions farmers all over America, from beans
to wheat to corn are going to get money because
they can't sell their products. Now in a country like
New Zealand, none of this will come as a surprise,
given we've been basically tariff free for years, and we
do business on the very simple basis that it costs
what it costs to make something, and you sell it
(04:43):
to willing buyers for what the market can bear. Need
I introduce the butter story at this point. The problem
in some cases is if the tariff or barrier is
too high into a market, you look for other markets.
This is happening a lot in food. Trump, by the way,
is also it is reported looking at some kind of
major carve out around car production as well, given there
is no car that is truly American made, and they
(05:05):
told them this at the start. So the tariffs arrived,
the as went up, the demand went down. I'm assuming
even Trump can see that a farmer who grows something
that he once sold to the world to make a
living but now can't because he's been priced out at
the market does not a good economic story make, and
when said farmer then has to earn an income from
the government, not the market. Something about the Trump terror
(05:28):
plan doesn't seem to be working, But then there was
no shortage of people pointing that out earlier this year.
Speaker 2 (05:34):
I mean, one thing you can argue with is that
Trump and his family are certainly making lots of money
out of their cryptocurrency ventures and other merchandising opportunities, so
it's working all right to them. Wrapped into AI, he
(05:54):
seems to sometimes he seems to be in an AI,
you know, because.
Speaker 3 (05:57):
He will post it.
Speaker 2 (05:58):
He's heavy to post AI generated images on a social
media But then other times he's a bit worried about
it and what it's doing.
Speaker 3 (06:06):
I don't think he's got.
Speaker 2 (06:07):
There's no trumptual backed AI product yet.
Speaker 4 (06:11):
The irony. It was this time yesterday I started this
AI conversation. I said, mark my words, there's a bubble
going on here. And what happens overnight? Andrew Bailey, who's
the Chancellor of the exten And he's not the Chancellor
of the exchequ here is the head of the Bank
of England. He comes out overnight and he goes there's
a sharp market correction coming of the AI bubble burst.
So I also read yesterday Orlando Brabo, who who is
(06:31):
a company or an AI investment valuation, you know, assets,
et cetera, et cetera. They say AI company valuations are
at quote unquote a bubble. And a famed investor guy
called Ray Dalio, he said yesterday you should have a
at least fifteen percent of your investment portfolio in gold
for obvious reasons. So everyone, slowly but surely, he's getting
on board the same train.
Speaker 2 (06:51):
Yeah, I've got a gold wedding ring and it doesn't
fit me anymore because my finger's got fatter.
Speaker 3 (06:58):
And so it's too uncomfortable to wear.
Speaker 2 (07:00):
I'm just wondering how much it weighs and how many
thousands of dollars it could earn me. Now it's got
to be worth more than when I got married thirty
million billion years ago.
Speaker 3 (07:10):
The rewrap right, So yes, Nobel Prize week. I couldn't
believe it. When Mike started doing it this week though
there's it's been a year already. Anyway, here's Chemistry's.
Speaker 4 (07:19):
Chemistry today for the Nobel Committee are Susumu Kitagawa, Richard
Robson and ome Y Gahi. They work on metal organic frameworks.
This is for chemistry. They could tackle some of the
biggest problems on our planet, capturing carbon dioxide to help
tackle climate change of course, reducing plastic pollution using chemistry.
Now what's it. One of them works at Kyoto University,
(07:41):
one of the University of Melbourne, one of them the
University of California, so hence the Australians being particularly excited.
So how molecules can be built together into structures or
metal organic frameworks are called moth'smfs. They call it molecular architecture.
The committee molecular architecture how to build constructions with large
(08:01):
spaces between the molecules. Right, So when you've got the
spaces between the molecules, what goes in the gas is
going and their rooms and so all the gases go
into these rooms and they're held in the rooms. So
that's where your science comes in. Anyway, they started working
independently these three, and the seventies and the eighties before
they worked out that they were working on basically the
(08:22):
same sort of thing, they started collaborating, and all these
years later they once again will be sharing the one
point two million dollars.
Speaker 2 (08:28):
How come it takes all these prize winners so long
to win their prize. It also seems to happen about
thirty years after and they did whatever they did.
Speaker 4 (08:34):
Surely you know the answer to that, because once you're
doing something, it doesn't mean it's a thing until it's
proven to be a thing by the scientific community over
a sustained period of time.
Speaker 3 (08:44):
Rather so, somebody went into this gas room and.
Speaker 4 (08:46):
They had a look at it, and they worked out
that it actually works. It's actually a thing. It's not
a theory. It's real and it deserves recognition.
Speaker 3 (08:52):
Yep. So next time.
Speaker 2 (08:56):
You've lost something, you can just hear Mike in the
back of your mind saying, have you looked between the molecules?
Speaker 3 (09:02):
No, you haven't had yet.
Speaker 1 (09:03):
It's the rewrap.
Speaker 3 (09:04):
We're going to finish up here with dog. Do you watch?
Speaker 2 (09:09):
Mike's very agitated a course that there were these rumors
of Doblly Patton being in poor health.
Speaker 4 (09:16):
Dolly's put out. I wasn't going to raise this because
I thought there's something weird about this. Anyway, her sister,
Dolly Parton, Dolly Parton's sister, came out yesterday on social
media going I'm praying for my sister, and you know,
can you all send prayers and all that sort of stuff.
So Dolly Parton was doing a series of concerts in
Vegas that she canceled, and she said, you know, I'm
a little bit ill, and the doctors have said I've
got a date. Take a few procedures, which was an
(09:38):
unusual thing to say a few procedures, not like, yeah,
I'm going in for an appendix. It's it's like a few,
like it could take three or four of them. Anyway,
she did that and that was fine. Then no one
thought anything really more of it until his sister came
out and said, can you please pray for her because
I was up all last night praying for her herself,
at which point everyone, quite rightly, I guess, went, what
the hell's going on here, to which point Dolly has
(10:00):
come out this morning and produced a video for herself,
thus proving unless it's a I.
Speaker 2 (10:07):
Yeah, I'm not saying like a front page of a
newspaper or anything in the video.
Speaker 4 (10:11):
Interesting time and date, because the thing she says in
the video this morning is pretty much the same thing
she said the other day when she left Vegas. So
have you confirmed it's actually this morning's video and not
making full of myself? Oh suddenly the shoulders get shrug
do they?
Speaker 3 (10:23):
There?
Speaker 4 (10:23):
We go anyway, So it's a new video this morning.
So she seems to be fine, She's not dead yet
and all that sort of stuff. So, which would because
there's very few people in the world. You know that
you saw that Ray Charles was the last one. I
shed a tear for the death of Ray Charles, and
I think Dolly might have been in the same category
of things had turned out differently. So hopefully it seems
(10:43):
this morning it is not to be. So that's good.
Speaker 2 (10:45):
Yeah, that's interesting given that he probably has actual close
friends and.
Speaker 3 (10:50):
Relatives who've died in that time as well.
Speaker 2 (10:53):
But yeah, I guess Dolly Patton means more to him.
I'm skeptical about the whole thing. The video, if you
watch it was literally filmed in front of a green screen.
I don't mean that they projected something behind her. I mean,
she was siting in front of a green screen. You
could clearly see it as a green screen. I feel
like that's a bit on the nose. I mean, how
(11:16):
better way to convince people that your fake video isn't
fake than actually showing the green screen in the background.
Speaker 3 (11:22):
Look it up, you'll see what I mean.
Speaker 2 (11:24):
I tried to make a funny point there, and now
I'm going to look very silly if it turns out tomorrow.
Speaker 3 (11:29):
That she actually is dead.
Speaker 2 (11:31):
Well, I thought we've doomed her basically by sort of
half joking about her health. And I feel bad now
because I don't want anything bad to happen to her.
I mean, I'm not a fan of country music, but
I'm a fan of Dolly. I am Glenn Hart. I
am real.
Speaker 3 (11:48):
This is not a I and I'll see you back
here in the.
Speaker 1 (11:51):
Boat for more from News Talks 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 Talk sed be
follow this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
Rewrap There, Welcome to the Rewrap for Thursday. All the
best buts from the Mike Husking Breakfast on Newstalks. He'd
be in a sillier package. I am Glen Harton and today,
how are those tariffs working out for Trump?
Speaker 3 (00:39):
I think they're going awesome? Has the AI bubble burst yet?
Will it burst? Is there even a bubble?
Speaker 2 (00:45):
We'll do our daily Nobel Prize catch up and is
Dolly Parton okay?
Speaker 3 (00:52):
Spoilers? Yes? But before any of that Tory funo is
she okay?
Speaker 2 (00:57):
I think she's getting to always be okay because some
people just managed to fail.
Speaker 3 (01:01):
Up, don't they.
Speaker 4 (01:02):
The Wellington mayor went out not really in the blaze
of glory yesterday, more a fireball of misery and Tory
far now we speak of, of course, probably the local
body posts a child for an aptitude she gave her
by by speech. She was a shambles. She may well
still be back. Of course she's standing in the Marrie world.
She seems to me like a person who if she
wasn't in local body politics might have trouble finding work,
(01:23):
as she admitted after it was too late, that she
really should have done her homework before chasing the big
meeral job. She won because too many people, of course,
stood for mayor and split the vote. So by the
time you deal with the appalling turnout and split the
vote several times over, you don't actually need a lot
of support to get a job that you weren't even
qualified for in the first place. But that's local body politics,
(01:44):
isn't it. That's the joke of it all. At least
it's a national level, whether it's on a list or
an electorate, there's a group of experienced operators within the
party that give you the ones over Locally, literally anyone
can have a go, and that if you haven't worked
it art yet, is a problem. It wasn't all her fault,
of course, Amyera is not a president and is but
one vote. But a mayor's job shouldn't be a funsies
(02:05):
party trick because you bought or unemployable there were a person.
That's another problem, and a lack of vetting. Of course,
some people are basically just as shambles, and she's clearly
one of those. Not a crime we all got issues.
It's just advisable not to have them on display while
you're trying to run things like a city, and the
city pretty much a reflection of her leadership, isn't it
a mess? Infrastructurally and embarrassment level one water strections already
(02:28):
when we're barely out of autumn, a devastated CBD angst
fury and backstabbing having been a feature of decision making,
that particular trait aired yet again in a farewell speech.
Yesterday we seem to be I was thinking to myself,
like yesterday afternoon, we seem to be in an era
where quality in so many eras, areas where parts of
life has gone by the wayside. And Tory farn Now
certainly an example of that. She came. She cocked it up,
(02:51):
She flailed, she flapped about what we were. I mean,
we were like her psychologists, weren't we? She aired her
many and varied problems, then puff I'm off until she wasn't,
And then they sadly really are. But honestly, in a
city of people like Kits and Fowler and Bellach, maybe
even wild and parenti agame old Tory is hardly one
for the record books, eggs.
Speaker 2 (03:12):
I sometimes feel like POLITEXS is kind of a sheltered
workshop because if there's people involved in it that if
they weren't doing that, you really really wonder what they'd
be doing, because there ain't no job for them anywhere else.
Speaker 3 (03:26):
You know what I'm saying.
Speaker 2 (03:27):
We wrap, okay, speaking of somebody who should be sheltered
somewhere and not yet out in public. Trump's tariffs every
time he talks they're bringing in more and more trillions,
or are they?
Speaker 4 (03:39):
Soybean farmers, let me tell you the story. Like a
lot of American farmers at the moment, they're having a
very tough time of it now, soybeans particularly so because
most of their product goes to China. So far the season,
China has brought no beans. A lot of countries when
they can are doing business these days with other countries
and avoiding, of course, the American tariff regime. China in
particular is caught up in an ongoing shambles around trade generally,
(04:02):
so China's gone to Argentina for their soy beans. This
has left the people of Minnesota, where most of the
beans are grown, with a problem. Now, if you remember
when Trump announced the tariffs. The tariffs had apparently no
downside apart from a little pain, a little pain at
the stant. Remember that there would be a little pain.
I'm assuming losing your biggest soybean customer is the little
(04:22):
pain bit. Anyway, the White House response to this is
a massive bailout. Billions farmers all over America, from beans
to wheat to corn are going to get money because
they can't sell their products. Now in a country like
New Zealand, none of this will come as a surprise,
given we've been basically tariff free for years, and we
do business on the very simple basis that it costs
what it costs to make something, and you sell it
(04:43):
to willing buyers for what the market can bear. Need
I introduce the butter story at this point. The problem
in some cases is if the tariff or barrier is
too high into a market, you look for other markets.
This is happening a lot in food. Trump, by the way,
is also it is reported looking at some kind of
major carve out around car production as well, given there
is no car that is truly American made, and they
(05:05):
told them this at the start. So the tariffs arrived,
the as went up, the demand went down. I'm assuming
even Trump can see that a farmer who grows something
that he once sold to the world to make a
living but now can't because he's been priced out at
the market does not a good economic story make, and
when said farmer then has to earn an income from
the government, not the market. Something about the Trump terror
(05:28):
plan doesn't seem to be working, But then there was
no shortage of people pointing that out earlier this year.
Speaker 2 (05:34):
I mean, one thing you can argue with is that
Trump and his family are certainly making lots of money
out of their cryptocurrency ventures and other merchandising opportunities, so
it's working all right to them. Wrapped into AI, he
(05:54):
seems to sometimes he seems to be in an AI,
you know, because.
Speaker 3 (05:57):
He will post it.
Speaker 2 (05:58):
He's heavy to post AI generated images on a social
media But then other times he's a bit worried about
it and what it's doing.
Speaker 3 (06:06):
I don't think he's got.
Speaker 2 (06:07):
There's no trumptual backed AI product yet.
Speaker 4 (06:11):
The irony. It was this time yesterday I started this
AI conversation. I said, mark my words, there's a bubble
going on here. And what happens overnight? Andrew Bailey, who's
the Chancellor of the exten And he's not the Chancellor
of the exchequ here is the head of the Bank
of England. He comes out overnight and he goes there's
a sharp market correction coming of the AI bubble burst.
So I also read yesterday Orlando Brabo, who who is
(06:31):
a company or an AI investment valuation, you know, assets,
et cetera, et cetera. They say AI company valuations are
at quote unquote a bubble. And a famed investor guy
called Ray Dalio, he said yesterday you should have a
at least fifteen percent of your investment portfolio in gold
for obvious reasons. So everyone, slowly but surely, he's getting
on board the same train.
Speaker 2 (06:51):
Yeah, I've got a gold wedding ring and it doesn't
fit me anymore because my finger's got fatter.
Speaker 3 (06:58):
And so it's too uncomfortable to wear.
Speaker 2 (07:00):
I'm just wondering how much it weighs and how many
thousands of dollars it could earn me. Now it's got
to be worth more than when I got married thirty
million billion years ago.
Speaker 3 (07:10):
The rewrap right, So yes, Nobel Prize week. I couldn't
believe it. When Mike started doing it this week though
there's it's been a year already. Anyway, here's Chemistry's.
Speaker 4 (07:19):
Chemistry today for the Nobel Committee are Susumu Kitagawa, Richard
Robson and ome Y Gahi. They work on metal organic frameworks.
This is for chemistry. They could tackle some of the
biggest problems on our planet, capturing carbon dioxide to help
tackle climate change of course, reducing plastic pollution using chemistry.
Now what's it. One of them works at Kyoto University,
(07:41):
one of the University of Melbourne, one of them the
University of California, so hence the Australians being particularly excited.
So how molecules can be built together into structures or
metal organic frameworks are called moth'smfs. They call it molecular architecture.
The committee molecular architecture how to build constructions with large
(08:01):
spaces between the molecules. Right, So when you've got the
spaces between the molecules, what goes in the gas is
going and their rooms and so all the gases go
into these rooms and they're held in the rooms. So
that's where your science comes in. Anyway, they started working
independently these three, and the seventies and the eighties before
they worked out that they were working on basically the
(08:22):
same sort of thing, they started collaborating, and all these
years later they once again will be sharing the one
point two million dollars.
Speaker 2 (08:28):
How come it takes all these prize winners so long
to win their prize. It also seems to happen about
thirty years after and they did whatever they did.
Speaker 4 (08:34):
Surely you know the answer to that, because once you're
doing something, it doesn't mean it's a thing until it's
proven to be a thing by the scientific community over
a sustained period of time.
Speaker 3 (08:44):
Rather so, somebody went into this gas room and.
Speaker 4 (08:46):
They had a look at it, and they worked out
that it actually works. It's actually a thing. It's not
a theory. It's real and it deserves recognition.
Speaker 3 (08:52):
Yep. So next time.
Speaker 2 (08:56):
You've lost something, you can just hear Mike in the
back of your mind saying, have you looked between the molecules?
Speaker 3 (09:02):
No, you haven't had yet.
Speaker 1 (09:03):
It's the rewrap.
Speaker 3 (09:04):
We're going to finish up here with dog. Do you watch?
Speaker 2 (09:09):
Mike's very agitated a course that there were these rumors
of Doblly Patton being in poor health.
Speaker 4 (09:16):
Dolly's put out. I wasn't going to raise this because
I thought there's something weird about this. Anyway, her sister,
Dolly Parton, Dolly Parton's sister, came out yesterday on social
media going I'm praying for my sister, and you know,
can you all send prayers and all that sort of stuff.
So Dolly Parton was doing a series of concerts in
Vegas that she canceled, and she said, you know, I'm
a little bit ill, and the doctors have said I've
got a date. Take a few procedures, which was an
(09:38):
unusual thing to say a few procedures, not like, yeah,
I'm going in for an appendix. It's it's like a few,
like it could take three or four of them. Anyway,
she did that and that was fine. Then no one
thought anything really more of it until his sister came
out and said, can you please pray for her because
I was up all last night praying for her herself,
at which point everyone, quite rightly, I guess, went, what
the hell's going on here, to which point Dolly has
(10:00):
come out this morning and produced a video for herself,
thus proving unless it's a I.
Speaker 2 (10:07):
Yeah, I'm not saying like a front page of a
newspaper or anything in the video.
Speaker 4 (10:11):
Interesting time and date, because the thing she says in
the video this morning is pretty much the same thing
she said the other day when she left Vegas. So
have you confirmed it's actually this morning's video and not
making full of myself? Oh suddenly the shoulders get shrug
do they?
Speaker 3 (10:23):
There?
Speaker 4 (10:23):
We go anyway, So it's a new video this morning.
So she seems to be fine, She's not dead yet
and all that sort of stuff. So, which would because
there's very few people in the world. You know that
you saw that Ray Charles was the last one. I
shed a tear for the death of Ray Charles, and
I think Dolly might have been in the same category
of things had turned out differently. So hopefully it seems
(10:43):
this morning it is not to be. So that's good.
Speaker 2 (10:45):
Yeah, that's interesting given that he probably has actual close
friends and.
Speaker 3 (10:50):
Relatives who've died in that time as well.
Speaker 2 (10:53):
But yeah, I guess Dolly Patton means more to him.
I'm skeptical about the whole thing. The video, if you
watch it was literally filmed in front of a green screen.
I don't mean that they projected something behind her. I mean,
she was siting in front of a green screen. You
could clearly see it as a green screen. I feel
like that's a bit on the nose. I mean, how
(11:16):
better way to convince people that your fake video isn't
fake than actually showing the green screen in the background.
Speaker 3 (11:22):
Look it up, you'll see what I mean.
Speaker 2 (11:24):
I tried to make a funny point there, and now
I'm going to look very silly if it turns out tomorrow.
Speaker 3 (11:29):
That she actually is dead.
Speaker 2 (11:31):
Well, I thought we've doomed her basically by sort of
half joking about her health. And I feel bad now
because I don't want anything bad to happen to her.
I mean, I'm not a fan of country music, but
I'm a fan of Dolly. I am Glenn Hart. I
am real.
Speaker 3 (11:48):
This is not a I and I'll see you back
here in the.
Speaker 1 (11:51):
Boat for more from News Talks B listen live on
air or online, and keep our shows with you wherever
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