November 5, 2025 • 13 mins
THE BEST BITS IN A SILLIER PACKAGE (from Thursday's Mike Hosking Breakfast) U.S. Swings Back/Always Make Good Stuff/The Other Ardern Book/Are CEOs Paid Too Much? (Trick Question)
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Speaker 1 (00:09):
You're listening to a podcast from News Talk sed B.
Follow this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
The Rewrapay there, welcome to the rewrap for Thursday. All
the best that's from the my costume breakfast on news Talks.
He'd be in a sillier package. I am glean heart
and today what do exporting and jobs have in common
in the world of mic. We'll also get his view
(00:45):
on the other justinder o doom book and we'll ask
do CEOs get paid too much? That before? But before
any of that. So the voting in the US yesterday
was it expected or unexpected?
Speaker 3 (01:04):
Thoroughly enjoyable afternoon? Call me weird, but I enjoyed the
boat yesterday. Nothing happened to the voting. But just by
the way, if you've got a peripheral view of the
American situation, it was outside the norm. D gitteraly guy,
I mean in New Jersey. Could he have done better? Maybe?
Did he do not as well because of Trump? Because
of the times? Probably? But in terms of red flags
for the Republicans, nothing, there was nothing alarming there. There
(01:27):
was nothing on the ballot that you thought Jesus better
go well for Trump as far as interesting style, I
don't know if it's true. Somebody was suggesting yesterday two things,
two main points of discussion. One, the Poles appeared to
be wrong. Yes, the result was as expected or results
were as expected, but the Poles seemed to misread the
size of the results. Second was in Virginia Washington historically speaking,
(01:52):
when the government has closed down, it's always in voter's
minds the Republican's fault. Now, I didn't know that. It's
not a statistic or anything. It's just that people blame
Republicans when the government has shut down, no matter who's
at fault. And that's why you got the result in
Virginia that you got yesterday. I reckon the highlight of
the day for me was Newsom's speech because he laid
(02:15):
it on big time. They had Prop fifty in California.
They got up. But if you want to know if
Newsom is running in twenty twenty eight, look at his
speech yesterday. The answer is a great, big fat yes.
Speaker 4 (02:26):
Yeah.
Speaker 2 (02:27):
So it turns out that the you know, the places
where the Democrats are strong, the Democrats have actually got
stronger in those places.
Speaker 3 (02:35):
It's almost like the.
Speaker 2 (02:36):
Country is becoming more and more and more and more
and more divided all the time. I wonder what that's
down to. It's so rewrap every far of nothing. Donald
Trump was out and about today as well, and many
ways some places, like the Supreme Court, for example, there
were lawyers and things there in his proxy.
Speaker 3 (02:57):
I'll come back to be since argument about what they're
going to do if they lose at the Supreme Court,
which I mean, Henry's right, they are going to lose,
So how they handle it's going to be the interesting
part of it. Anyway, as we speak, this is live
Trump's in Miami.
Speaker 4 (03:08):
Twenty twenty four. The American people reclaimed our government. We
restored our sovereignty. We lost a little bit of sovereignty
last night in New York, but we'll take care of it,
don't worry about it. We rescued our economy, regained our liberty,
and together we saved our country on that Magniferison name,
(03:31):
three hundred and sixty five days.
Speaker 3 (03:34):
Pauline Hanson, I note, was at marri Laga the other
day for the Halloween party. Twenty five thousand dollars ahead.
I don't think she paid twenty five thousand dollars to
be here. Gina reyan Hart was there as well, but
Gina Hinehart's always there. But Pauline Hanson was an interesting thing.
She's on the move in Australia. Anyway. Back to the
business of there wasn't even interesting that speech. He's got
to get a new speech, doesn't em He says the
same thing every time. I mean fresh new material, mate,
(03:56):
So what are the authorities that besince? Looking at Section
two three to two of the Trade Expansion Act of
nineteen sixty two, justification on the grounds of national security.
Section three ozho one of the Trade Actor nineteen seventy
four regulates unfair trading practices would limit the president's ability
under emergency grounds. So they went the way they thought
they could to try and get away with it. But
(04:19):
this is the one of all the court cases of
which there are been dozens now and he, broadly speaking,
by the time he gets to Scotus wins. But on
this I'm almost certainly he's going to lose because he's
arguing an emergency and trade is not an emergency. It's
never been an emergency, and trade has been going on
with tariffs back and forward, up and down, left and right,
(04:42):
pretty much since trade started hundreds of years ago and
so on. That he's going to fail, I think, And
when he does, they're going to have to introduce things
like well, at best it's right those but it'll be
interesting to see where we go and what it means
globally economically. The other thing I don't have time for.
That I will get to at some point if you
want to do a bit of reading about it depends
what they call it, private banking, shadow banking, secondary banking,
(05:06):
the bubble. At the moment, a lot of people in
the private sector have got into lending money. And that's
the thing. If anything's going to blow, it's going to
be that. And how it blows and when it blows
and how badly it blows is the key to all
of this. And this is AI, it's the market, it's gold,
it's everything that's going on at the moment. So a
(05:26):
lot of people have gone and borrowed a tremendous amount
of money. Now, if they've cashed up a little bit
in their cash rich, they might be able to pay
back some of the debt. But some of the people
who have been doing the lending are going to take
a bath and that's the next big story. Economically, the
FED was involved the other day to the tune of
fifty billion that they had to throw into the pot
(05:46):
in the because liquidity or equity became an issue in
the American banking system last week. None of this is
reported in this country, of course, but last week in
the banking system in America it got stuck momentarily and
they needed cash. And all of this is culminating building
up into a thing that will unfold. I don't know when.
Could be days, could be weeks, could be months, but
(06:08):
it is going to happen. So mark mark the space.
Speaker 2 (06:11):
You know how. I've always said we should just cut
America off the face of the Earth and sent it
off into space, because they wouldn't notice, and the rest
of us would breathe a mess of sigh of relief
because now the time, or should we wait till after
they implode?
Speaker 4 (06:24):
Rewrap?
Speaker 2 (06:24):
Anyway, it turns out it doesn't matter how they terrify us.
We'll still sell stuff to them because they still want
our stuff, which should provide work, especially if you're good
at your job.
Speaker 3 (06:37):
Tell you what I'm hoping of into this week, at
least in some small way, teach us all a simple
economic lesson or two. Listen one the red meat numbers
we export a fortune and meet to the world. The
critical part of it is it is the best of quality.
Quality will always beat quantity. Why because the world will
always contain large numbers of people unaffected by economic tides,
(06:57):
and people with money like good stuff. There are some
things in life beyond the prevailing tide Chateau Lafitte, Buchetti, cars, rolls, watches,
and New Zealand meeting quite possibly in New Zealand why
not literally which you get my point. Onions, we'll sell
better in Europe because of our FTA with the EU.
We need fewer tariffs in that case because onions are onions.
But meat is about quality, like Kiwi fruit, like great
(07:19):
Bordeaux wine is That's not to say that tariff's a
good business, because they are not. And Lord only knows
how rich we could be if the world really was
truly taroff free. But for the here and now, our
red meat numbers into America are unaffected because people will
pay for quality. Lessen too, the job numbers more people
young people have stayed or gone back to school because
of they didn't they'd be jobless. The fifteen to twenty
(07:41):
four age group yesterday have unemployment rates now of over
fifteen percent. It's shocking why, Because a constrained market doesn't
provide work for people with limited and those skills. Young
people start out, of course, with the disadvantage of no experience.
Add no skills to that near toast. This is not new,
but it is new to the current lot, who clearly
never got the previous lot's memo that it's hard enough
(08:02):
as it is to get into the job market with
up without turning up ill prepared. But here's what I
know about life and economies. It doesn't matter what the economy,
the economy or the economic circumstances are. Good people with
good skills and good attitude and good determination are always
always in demand and will always do well. And good
(08:23):
stuff well made with the story high end quality will
always always do well. Quality, whether in person or product,
is recession proof.
Speaker 2 (08:34):
So I'm assume that's how I've lasted thirty years in
this business, because I just keep making good stuff, and
if not good stuff, at least stuff that has moments
of goodness, and they're somewhere if you dig hard enough,
the rewrap maybe this next but will be that moment
of goodness in this podcast. Now, Mike said he would
(08:58):
never promote Just under Our Durn's book, but this particular
book about Just under Our Durn isn't her book, if
you get my meaning.
Speaker 3 (09:06):
In the wake, I'm quoting from book here. In the
wake of the death of Aderne's cat Paddles, this goes
back to the media. It's honestly, it is one of
the great shames that I'd like to use David words
was very good. I was adjacent to it. I wasn't
part of it. I'd like to think in my eulogy
they might say he asked a few probing questions when
(09:28):
others didn't, or words to that effect. But anyway, one
of the great embarrassments has been a part of this
industry that just acquiesced in the most embarrassing way for
such a long and extended period of time. Anyway, here's
the example, and the wake of the death of Aderne's
cat Paddles Stuff eulogized the petters of beloved orange and
white creature with adorable opposing thumbs. On the day Aderne
(09:49):
was sworn into office, she was joined, as TB and
Z reported by two adorable young nieces after a public
address on the steps of Parliament. Shortly afterwards, as the
new cabinet settled in Adern Sentwath, the New Zealand Herald
described as an adorable Christmas card to Queen Elizabeth closer
to home. In January of twenty she announced her pregnancy
on Instagram by posting again, in the words of The
(10:12):
New Zealand Herald, an adorable photo showing three fishhooks. Adorable
was the word, but for some more than others. The
country's most popular broadcaster, Mike Hosking, found the display a
combination of fascinating and fantastically depressing because the media, like
many of the public, fell in love with her. There's
nothing wrong with falling in love, Hosking continues, but when
(10:34):
you're a journalist you've got to put that to one
side and cover it in a fair and balanced way.
But fairness and balance just went out the window. I've
been in this business for forty three years and I've
never seen such a large collection of people who had
lost the plot completely. So yes, I did take part
in the book, and that is one of the quotes involved.
Speaker 2 (10:55):
So to pan the book, not in the love fest.
Could the gravestone perhaps say he opted out.
Speaker 3 (11:02):
He distanced himself as quickly as he possibly could from
those in the other room next to them.
Speaker 2 (11:09):
Do you ever think about that, what your epitaph would be?
I think mine would be after all these years getting
up in the middle of the night to go to work,
I think mine would be. Now that's what I call
a sleeping the re wrap.
Speaker 4 (11:23):
Right.
Speaker 2 (11:24):
Have you been riled up about how much CEOs get
paid recently?
Speaker 4 (11:31):
No?
Speaker 2 (11:31):
Okay, but let's give this a go.
Speaker 3 (11:33):
Then the news this morning is running yet another one
of these myopic stories that media run based on the
salary earned by the CEO of Westpac in New Zealand.
Now she earns a tremendous amount of money. Why does
she earn a tremendous amount of money, Because she's the
CEO of a bank, so you're dealing with multiples of billions.
(11:54):
And then they go and it's fifty five times the
average wage and they tell you that, so you feel
bad about yourself. The relationship between a ceo salary and
the average person's salary is pointless, because that's why it's
called the average salary and a ceo salary and just
reminding people that they don't earn a lot of money
(12:15):
is of no value whatsoever. There is a reason in
this life why some people earn more than others, and
there's no point in pointing it out that you're you know,
you should feel bad about yourself.
Speaker 2 (12:24):
But they shouldn't. And I'm not speaking out of jealousy.
I mean I am jealous of people who get paid
more than me, of course, but as we have discussed
on many previous podcasts, people like nurses and teachers, the police, doctors,
(12:49):
the people who collect the rubbish to clean bathrooms, all
of those people should get paid significantly more than CEOs
because I don't care what they're doing. It's not as
hard as any as those jobs. And that all those
people who get paid ba more than me as well
tell anyone, okay, it's between us. I am green Heart.
(13:13):
That was the rewrap. We'll do it again tomorrow was this.
There were some good buts and they were.
Speaker 1 (13:19):
There 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 News Talk sed B.
Follow this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
The Rewrapay there, welcome to the rewrap for Thursday. All
the best that's from the my costume breakfast on news Talks.
He'd be in a sillier package. I am glean heart
and today what do exporting and jobs have in common
in the world of mic. We'll also get his view
(00:45):
on the other justinder o doom book and we'll ask
do CEOs get paid too much? That before? But before
any of that. So the voting in the US yesterday
was it expected or unexpected?
Speaker 3 (01:04):
Thoroughly enjoyable afternoon? Call me weird, but I enjoyed the
boat yesterday. Nothing happened to the voting. But just by
the way, if you've got a peripheral view of the
American situation, it was outside the norm. D gitteraly guy,
I mean in New Jersey. Could he have done better? Maybe?
Did he do not as well because of Trump? Because
of the times? Probably? But in terms of red flags
for the Republicans, nothing, there was nothing alarming there. There
(01:27):
was nothing on the ballot that you thought Jesus better
go well for Trump as far as interesting style, I
don't know if it's true. Somebody was suggesting yesterday two things,
two main points of discussion. One, the Poles appeared to
be wrong. Yes, the result was as expected or results
were as expected, but the Poles seemed to misread the
size of the results. Second was in Virginia Washington historically speaking,
(01:52):
when the government has closed down, it's always in voter's
minds the Republican's fault. Now, I didn't know that. It's
not a statistic or anything. It's just that people blame
Republicans when the government has shut down, no matter who's
at fault. And that's why you got the result in
Virginia that you got yesterday. I reckon the highlight of
the day for me was Newsom's speech because he laid
(02:15):
it on big time. They had Prop fifty in California.
They got up. But if you want to know if
Newsom is running in twenty twenty eight, look at his
speech yesterday. The answer is a great, big fat yes.
Speaker 4 (02:26):
Yeah.
Speaker 2 (02:27):
So it turns out that the you know, the places
where the Democrats are strong, the Democrats have actually got
stronger in those places.
Speaker 3 (02:35):
It's almost like the.
Speaker 2 (02:36):
Country is becoming more and more and more and more
and more divided all the time. I wonder what that's
down to. It's so rewrap every far of nothing. Donald
Trump was out and about today as well, and many
ways some places, like the Supreme Court, for example, there
were lawyers and things there in his proxy.
Speaker 3 (02:57):
I'll come back to be since argument about what they're
going to do if they lose at the Supreme Court,
which I mean, Henry's right, they are going to lose,
So how they handle it's going to be the interesting
part of it. Anyway, as we speak, this is live
Trump's in Miami.
Speaker 4 (03:08):
Twenty twenty four. The American people reclaimed our government. We
restored our sovereignty. We lost a little bit of sovereignty
last night in New York, but we'll take care of it,
don't worry about it. We rescued our economy, regained our liberty,
and together we saved our country on that Magniferison name,
(03:31):
three hundred and sixty five days.
Speaker 3 (03:34):
Pauline Hanson, I note, was at marri Laga the other
day for the Halloween party. Twenty five thousand dollars ahead.
I don't think she paid twenty five thousand dollars to
be here. Gina reyan Hart was there as well, but
Gina Hinehart's always there. But Pauline Hanson was an interesting thing.
She's on the move in Australia. Anyway. Back to the
business of there wasn't even interesting that speech. He's got
to get a new speech, doesn't em He says the
same thing every time. I mean fresh new material, mate,
(03:56):
So what are the authorities that besince? Looking at Section
two three to two of the Trade Expansion Act of
nineteen sixty two, justification on the grounds of national security.
Section three ozho one of the Trade Actor nineteen seventy
four regulates unfair trading practices would limit the president's ability
under emergency grounds. So they went the way they thought
they could to try and get away with it. But
(04:19):
this is the one of all the court cases of
which there are been dozens now and he, broadly speaking,
by the time he gets to Scotus wins. But on
this I'm almost certainly he's going to lose because he's
arguing an emergency and trade is not an emergency. It's
never been an emergency, and trade has been going on
with tariffs back and forward, up and down, left and right,
(04:42):
pretty much since trade started hundreds of years ago and
so on. That he's going to fail, I think, And
when he does, they're going to have to introduce things
like well, at best it's right those but it'll be
interesting to see where we go and what it means
globally economically. The other thing I don't have time for.
That I will get to at some point if you
want to do a bit of reading about it depends
what they call it, private banking, shadow banking, secondary banking,
(05:06):
the bubble. At the moment, a lot of people in
the private sector have got into lending money. And that's
the thing. If anything's going to blow, it's going to
be that. And how it blows and when it blows
and how badly it blows is the key to all
of this. And this is AI, it's the market, it's gold,
it's everything that's going on at the moment. So a
(05:26):
lot of people have gone and borrowed a tremendous amount
of money. Now, if they've cashed up a little bit
in their cash rich, they might be able to pay
back some of the debt. But some of the people
who have been doing the lending are going to take
a bath and that's the next big story. Economically, the
FED was involved the other day to the tune of
fifty billion that they had to throw into the pot
(05:46):
in the because liquidity or equity became an issue in
the American banking system last week. None of this is
reported in this country, of course, but last week in
the banking system in America it got stuck momentarily and
they needed cash. And all of this is culminating building
up into a thing that will unfold. I don't know when.
Could be days, could be weeks, could be months, but
(06:08):
it is going to happen. So mark mark the space.
Speaker 2 (06:11):
You know how. I've always said we should just cut
America off the face of the Earth and sent it
off into space, because they wouldn't notice, and the rest
of us would breathe a mess of sigh of relief
because now the time, or should we wait till after
they implode?
Speaker 4 (06:24):
Rewrap?
Speaker 2 (06:24):
Anyway, it turns out it doesn't matter how they terrify us.
We'll still sell stuff to them because they still want
our stuff, which should provide work, especially if you're good
at your job.
Speaker 3 (06:37):
Tell you what I'm hoping of into this week, at
least in some small way, teach us all a simple
economic lesson or two. Listen one the red meat numbers
we export a fortune and meet to the world. The
critical part of it is it is the best of quality.
Quality will always beat quantity. Why because the world will
always contain large numbers of people unaffected by economic tides,
(06:57):
and people with money like good stuff. There are some
things in life beyond the prevailing tide Chateau Lafitte, Buchetti, cars, rolls, watches,
and New Zealand meeting quite possibly in New Zealand why
not literally which you get my point. Onions, we'll sell
better in Europe because of our FTA with the EU.
We need fewer tariffs in that case because onions are onions.
But meat is about quality, like Kiwi fruit, like great
(07:19):
Bordeaux wine is That's not to say that tariff's a
good business, because they are not. And Lord only knows
how rich we could be if the world really was
truly taroff free. But for the here and now, our
red meat numbers into America are unaffected because people will
pay for quality. Lessen too, the job numbers more people
young people have stayed or gone back to school because
of they didn't they'd be jobless. The fifteen to twenty
(07:41):
four age group yesterday have unemployment rates now of over
fifteen percent. It's shocking why, Because a constrained market doesn't
provide work for people with limited and those skills. Young
people start out, of course, with the disadvantage of no experience.
Add no skills to that near toast. This is not new,
but it is new to the current lot, who clearly
never got the previous lot's memo that it's hard enough
(08:02):
as it is to get into the job market with
up without turning up ill prepared. But here's what I
know about life and economies. It doesn't matter what the economy,
the economy or the economic circumstances are. Good people with
good skills and good attitude and good determination are always
always in demand and will always do well. And good
(08:23):
stuff well made with the story high end quality will
always always do well. Quality, whether in person or product,
is recession proof.
Speaker 2 (08:34):
So I'm assume that's how I've lasted thirty years in
this business, because I just keep making good stuff, and
if not good stuff, at least stuff that has moments
of goodness, and they're somewhere if you dig hard enough,
the rewrap maybe this next but will be that moment
of goodness in this podcast. Now, Mike said he would
(08:58):
never promote Just under Our Durn's book, but this particular
book about Just under Our Durn isn't her book, if
you get my meaning.
Speaker 3 (09:06):
In the wake, I'm quoting from book here. In the
wake of the death of Aderne's cat Paddles, this goes
back to the media. It's honestly, it is one of
the great shames that I'd like to use David words
was very good. I was adjacent to it. I wasn't
part of it. I'd like to think in my eulogy
they might say he asked a few probing questions when
(09:28):
others didn't, or words to that effect. But anyway, one
of the great embarrassments has been a part of this
industry that just acquiesced in the most embarrassing way for
such a long and extended period of time. Anyway, here's
the example, and the wake of the death of Aderne's
cat Paddles Stuff eulogized the petters of beloved orange and
white creature with adorable opposing thumbs. On the day Aderne
(09:49):
was sworn into office, she was joined, as TB and
Z reported by two adorable young nieces after a public
address on the steps of Parliament. Shortly afterwards, as the
new cabinet settled in Adern Sentwath, the New Zealand Herald
described as an adorable Christmas card to Queen Elizabeth closer
to home. In January of twenty she announced her pregnancy
on Instagram by posting again, in the words of The
(10:12):
New Zealand Herald, an adorable photo showing three fishhooks. Adorable
was the word, but for some more than others. The
country's most popular broadcaster, Mike Hosking, found the display a
combination of fascinating and fantastically depressing because the media, like
many of the public, fell in love with her. There's
nothing wrong with falling in love, Hosking continues, but when
(10:34):
you're a journalist you've got to put that to one
side and cover it in a fair and balanced way.
But fairness and balance just went out the window. I've
been in this business for forty three years and I've
never seen such a large collection of people who had
lost the plot completely. So yes, I did take part
in the book, and that is one of the quotes involved.
Speaker 2 (10:55):
So to pan the book, not in the love fest.
Could the gravestone perhaps say he opted out.
Speaker 3 (11:02):
He distanced himself as quickly as he possibly could from
those in the other room next to them.
Speaker 2 (11:09):
Do you ever think about that, what your epitaph would be?
I think mine would be after all these years getting
up in the middle of the night to go to work,
I think mine would be. Now that's what I call
a sleeping the re wrap.
Speaker 4 (11:23):
Right.
Speaker 2 (11:24):
Have you been riled up about how much CEOs get
paid recently?
Speaker 4 (11:31):
No?
Speaker 2 (11:31):
Okay, but let's give this a go.
Speaker 3 (11:33):
Then the news this morning is running yet another one
of these myopic stories that media run based on the
salary earned by the CEO of Westpac in New Zealand.
Now she earns a tremendous amount of money. Why does
she earn a tremendous amount of money, Because she's the
CEO of a bank, so you're dealing with multiples of billions.
(11:54):
And then they go and it's fifty five times the
average wage and they tell you that, so you feel
bad about yourself. The relationship between a ceo salary and
the average person's salary is pointless, because that's why it's
called the average salary and a ceo salary and just
reminding people that they don't earn a lot of money
(12:15):
is of no value whatsoever. There is a reason in
this life why some people earn more than others, and
there's no point in pointing it out that you're you know,
you should feel bad about yourself.
Speaker 2 (12:24):
But they shouldn't. And I'm not speaking out of jealousy.
I mean I am jealous of people who get paid
more than me, of course, but as we have discussed
on many previous podcasts, people like nurses and teachers, the police, doctors,
(12:49):
the people who collect the rubbish to clean bathrooms, all
of those people should get paid significantly more than CEOs
because I don't care what they're doing. It's not as
hard as any as those jobs. And that all those
people who get paid ba more than me as well
tell anyone, okay, it's between us. I am green Heart.
(13:13):
That was the rewrap. We'll do it again tomorrow was this.
There were some good buts and they were.
Speaker 1 (13:19):
There 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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The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy, Jess Hilarious, And Charlamagne Tha God!