April 3, 2025 • 13 mins
THE BEST BITS IN A SILLIER PACKAGE (from Friday's Mike Hosking Breakfast) You Can't/Mark the Week/Take This Job and Love It/Coffee World Problems
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Speaker 1 (00:09):
You're listening to a podcast from news Talk said be
follow this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
The rewrap there and welcome to the Rerap for Friday.
All the best that's from the mic asking breakfast on
newstalks 'd be and a sillier package. I am Glen
and today we will mark the week because it's Friday.
An atmospheric rivers or not. That's what we do. A
job satisfaction that Mike's got a few thoughts on whether
or not you're like your job. And then we're going
(00:47):
out for coffee. But before any of that, Yes, the tariffs.
The thing that has surprised me most about the tariffs
is how surprised everybody was by the tariffs.
Speaker 3 (00:57):
Right, China thirty four percent tariff, Well depends how you said.
That's the reciprocal tariff. When you add it to all
the rest of it, it comes out of sixty seven percent.
The US has a difference with China of about eight
hundred billion dollars a year. So that's where Trump sees
themself being ripped off. Why aren't the Chinese buying more
(01:17):
American products? So from that point of view, you can
understand Trump's thinking saying, well, hold on here, we're buying
all the stuff from Japan. Now, a purist like New
Zealand would argue, well, the reason you're buying all the
stuff from Japan is because you want it. You don't
buy it reluctantly. You don't buy it because you get
a gun to your head. You buy it because you
want it. They make a whole bunch of stuff you're
interested in buying, and that's how business commerce works all
(01:39):
over the world. Park that, to one moment, all he
sees is a bottom line number. We buy more from
them than they buy from us. Now, the fact that
a lot of what America makes is crap like meat.
Their meat is rubbish, it's it's barn raised nonsense. So
the reason that we, for example, don't buy their meat
is because we make better meat, and we've got plenty
(02:00):
for ourselves. We don't want to buy rubbish from them.
So Park that aside as well. If you're all you're
looking at is the bottom line, China more business with
American buased business. So he wants to reciprocate. He wants
to do something about that. So you can understand that
from his point of view, the Sooto fifty percent only
imports two point eight million dollars worth of you as goods,
(02:23):
so nothing, but there is an imbalance there. America buys diamonds,
knit women suits and non knit men suits, so not
a lot of trade, but it's not balanced. So he
goes right, I'm going to get you fifty percent. The
EU major player, of course, and this is where it
could get ugly if they retaliate. World's largest bilateral trade
and investment relationship is with the US. It is worth
(02:46):
fifteen billion dollars every day. Germany, Ireland, Italy are the
biggest exporters, so they've been whacked with twenty percent. The
justification is the deficit is about five hundred billion dollars,
So in other words, America buys more to the tune
of about half a billion dollars from the EU than
the EU buys from America. It's not for fas Trump
(03:09):
hence is twenty percent. So you understand that Switzerland's been
particularly badly hit. And one of the reasons you can
really clearly understand, US has been Switzerland's biggest export market.
Why are watches they make rolllexes and there's a lot
of rich Americans who buy rolllexes. Not just rolllexes, but
they make a lot of medical products, and they make
(03:30):
a lot of vaccines and blood and cultures and watches.
America doesn't do any of that. They don't make any watches.
When was the last time you looked at an American watching?
And Gohard tell you what, I'll give you twenty thousand
dollars for that. They don't do it. So Americans, rich
Americans like to buy roll ex so they bring those
into the country. But it's a trade imbalance, hence he
wants to rectify it. Vietnam, as we've mentioned this morning,
is about the worst. And this is where it gets
(03:51):
really complicated because you get a lot of American companies
packed up in Vietnam. Why because the labor's cheap. So
Trump's theory is Nike guys, ah, well, all right, we'll
move back to Minnesota and we'll make all our Jordan's
in Minnesota. So instead of Jordan's being two hundred and
twenty bucks, there will be eight hundred bucks. Because guess what,
(04:12):
your average American wants to be paid a bit more
than your average Vietnamese. Now, all of this, to my mind,
is completely and utterly plain and obvious. Trump doesn't see it,
or I strongly suspect doesn't want to see it. But
that's what is rationale is.
Speaker 2 (04:28):
I don't think you can really use the word rationale
or indeed rational when it comes to this particular administration.
H get away train of horses. That might be something
(04:48):
that you can use rewrap. Anyway, Let's not worry about
it too much. Let's just Matt the week because it
is Friday.
Speaker 3 (04:53):
It turned out to mark the week, little piece of
news and current events. It's hotter than the bell on
opening day of the New York Stock Exchange for newsmax.
Are the Murray Party one? They get one because they're
legitimately they're because of votes and that's democracy and you
can't argue with it. As for the rest of the
performance this week, there are a joke in an embarrassment
of this country? Are the Greens two?
Speaker 2 (05:11):
Wow? Two?
Speaker 3 (05:12):
Not one? Are because they get more support in the
polls and the Marray Party, but the prospect of Labor
letting them round a cabinet table, I mean really booked
my ticket out Trump. Three they rip us off. It's
so sad to see, it's so pathetic. One better than
the Greens because to counterterriffs of others is not free trade.
But it's understandable. I get it. As for the rest
of it, he's mental. Are the Warriors seven?
Speaker 1 (05:34):
Yes?
Speaker 3 (05:34):
Because three in a row is three in a row
and two more points this weekend, of course, which on
the my casking score sheet is four in a row.
Clarkson's Farm seven because launch date was revealed this week
for season four it is May twenty three. Market down.
See even though there's there's a lot of it about
these days, quality television, I reckon remains elusive for reminding
us quantity is not automatically equality. The America's Cup four
(05:58):
I thought it was going to be held here, so
I wasn't a surprise and I wasn't disappointed, although in
the spirit of being open for business, I would have
liked to have seen a bit more enthusiasm from the government,
I mean, please, being poverty as a poor man's game,
not a go get his game. Hawks Bay Wine eight
could be, could be a classic vintage, could be like
twenty thirteen. It's been an awesome summer for a lot
of us, really, hasn't it? Here is cheers The jobs
(06:19):
report too, shared a story of the week for me
to have over half the country regretting their career as
a study and lack of planning or lack of action
or lack of living life to the full. The school
lunch pole seven, most of us think parents should make
our kids lunches. What that shows is most of us
are still attached to some form of reality. Corey Booker six.
Speaker 1 (06:38):
So fasted for ds into it. I start drinking water a.
Speaker 3 (06:42):
Long time ago, achieved nothing outside of optics, but twenty
five plus hours of stammer it to be admired and
am bladder to be impressed by. I would have thought
that's the week copies on the website and everyone who
works on this, by the way, was paid the new
living wage. It was also recognized this week that when
taken properly, this is just as off effective as we're
go be.
Speaker 2 (06:59):
I don't know why people think that just because Booker
didn't go to the bathroom, they didn't do wheez. I mean,
he just would have been wearing spaceman nappies when me
it seemed to be a very baggy wide suit. Surely
that's what was going on there, right. Mike's had a
little Winge about the job survey that came out this
(07:23):
week already, but it's really been bothering him that some
people actually don't like their jobs that much.
Speaker 3 (07:28):
Tell you what. The irony was not lost on me
this week, as a couple of things job related happened.
One the survey that suggested over half of us regret
our career choice. That struck me as profoundly sad. Say
whatever you want about work and work life balance, but
a lot of ours are spent in a lifetime grafting.
Virtually everyone, at least at the start, has to work.
I mean everyone, of course should work because it's good
for you, but to have a lifetime of regret, to
(07:50):
have not really lived at all, or at least not
feel your full potential. Juxtaposing that was the surprise to
me anyway, that I'd been here at ZIB for twenty
five years. A smaller surprise was on the same day,
April one, Irony Morning Report at Radio New Zealand was
marking fifty years. I spent a short, stinting report immoderately,
although ultimately I think successful circumstances without word of a lie.
(08:13):
I have loved every day of every week of every month,
every year, not just as z B but the forty
four years I've been in this game. Of course, I've
had bad days, had bad employers, I had ropew times,
have been sacked twice by morons. But I never regretted
picking what I do, which is a small miracle given
I've never really been able to tell anyone with any
clarity why I picked this game in the first place,
other than it seemed appealing. I had no mentors or
(08:35):
people I knew in the media. As a kid, I
listened to the radio, thought that sounds fun. As it
turns out, I was right other small saviors been. In fact,
not only didn't I regret it, it worked out moderately
well in terms of gainful employment, because at no stage
in the past four decades have I been able to
conjure up an alternative. I literally cannot think of anything
else I would want to do. I would like to think, though,
(08:57):
and this goes to the survey that if it hadn't
gone well or I did regret it, I would have
done something about it, because life's big lesson his life
is short, and if you aren't rolling with it, you're
fighting it, and that's no fun and it wears you out.
Speaker 2 (09:10):
Do you think in Mike's world everybody does a job
like some people just aren't doing the right job, and
that if he could just shuffle everybody around, he'd find
the right job for if everybody and everybody would be happy.
I'm just not quite sure who cleans the toilets and
empties the rubishpins in that scenario. I mean, I guess,
(09:31):
I mean, everybody has their kink, and there's the odd
person who probably enjoys those jobs, but perhaps not quite
enough people the rewrap we're going to finish up where
we often do with a coffee.
Speaker 3 (09:43):
Back to the question around the price of coffee, the
price of coffee has got nothing. It's not price gouging,
and it's got nothing to do with tariffs. And it's
been very heavily publicized. And so that's why it remains
very important that you remain cognizant of international matters on
any given day. And that is I thought we all
knew that two things were happening in the world of
(10:04):
food this year. One was cocoa was a problem, and
that was due to climate change, and they've got cropping issues.
So chocolate's gone through the roof and coffee is the
same problem. It's climate related demand supply it doesn't meet.
The price of beans has gone up, speaking which I
ordered some beans the other day from the place I
get beans from, which is in Wypoo, which is a
(10:24):
very small town Northwalkland's about an hour our's drive away.
Now that's gone up in price, not horrendously. I didn't
estimate by a couple of dollars a bag, which is
in a percentage terms, probably quite a lot. But nevertheless,
I'm still talking. Well, we're down they cut them. Interesting,
you should say that they used to do five hundred
k but five hundred k grand bags. They're down to
(10:44):
two fifties, and the two fifties are actually I won't
tell you what the two fifties are because you'll do
your uge go right anyway, So there are two fifty
backs anyway, The point being what has gone up is
the cost of transporting that coffee from basically an hour's
drive away through New Zealand post eleven dollars eighty, almost
as much as the coffee, it seems, which so that's
(11:07):
gone through the roof. Your cost of powers gone through
the roof, because you realize that transpower have been given
the clearance to charge you billions of dollars or US
collectively billions of dollars so they can build some more
power pilons and make us more resilient and stuff like that.
So those things are still around in the economy. They're inflationary, which,
as far as I can work out, it's a problem.
Speaker 2 (11:26):
So we know that coffee costs at least eleven dollars
eighty it costs.
Speaker 3 (11:30):
I'll give it to you. It's eighteen. It's eighteen dollars
for a two fifty grand bag. Now, this is where
life gets slightly interesting because you talk about tariffs and
price increases and the cost of living and everything. There
are certain things in life you are prepared to pay
above the odds on because you have an emotional connection
to them. Can I buy coffee beans cheap? Of course
I can, probably not a lot cheaper these days, but
at eighteen dollars, that's right up there as far as
(11:52):
I can work out. But their high quality coffee beans,
and they bring me tremendous pleasure. What price do you
plate place on pleasure? At two thirty in the morning.
Speaker 2 (12:00):
It is quite fun to do a blind taste test
with people with Coffeehouse. They sell coffee, including of different
in different forms, including whole beans, and I can't remember
exactly what they call it, the brand name that they
put on it, but anyway, it's just called it the
(12:22):
Warehouse Coffee. And they sent some in I can't remember
why a little while back, and I topped up our
beans and our coffee machine with them. And there's actually
only one person in the house who uses the coffee
bean machine. The rest of us are on the n
(12:42):
espresso because we can't be bothered tepping around with the
grinding and the ten thing and all the rest of it.
But there's one person in the house who insists that
it's got to be a certain kind of being a
certain way. But she doesn't know that I've changed the beans,
and I haven't heard her complain, just saying I am
Glen Hart. This has been the most privileged podcast of
(13:05):
the week. Maybe we'll see here again on Monday and
I'll end up there's been any change in the coffee situation.
Speaker 1 (13:21):
For more from News Talk set 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 said be
follow this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
The rewrap there and welcome to the Rerap for Friday.
All the best that's from the mic asking breakfast on
newstalks 'd be and a sillier package. I am Glen
and today we will mark the week because it's Friday.
An atmospheric rivers or not. That's what we do. A
job satisfaction that Mike's got a few thoughts on whether
or not you're like your job. And then we're going
(00:47):
out for coffee. But before any of that, Yes, the tariffs.
The thing that has surprised me most about the tariffs
is how surprised everybody was by the tariffs.
Speaker 3 (00:57):
Right, China thirty four percent tariff, Well depends how you said.
That's the reciprocal tariff. When you add it to all
the rest of it, it comes out of sixty seven percent.
The US has a difference with China of about eight
hundred billion dollars a year. So that's where Trump sees
themself being ripped off. Why aren't the Chinese buying more
(01:17):
American products? So from that point of view, you can
understand Trump's thinking saying, well, hold on here, we're buying
all the stuff from Japan. Now, a purist like New
Zealand would argue, well, the reason you're buying all the
stuff from Japan is because you want it. You don't
buy it reluctantly. You don't buy it because you get
a gun to your head. You buy it because you
want it. They make a whole bunch of stuff you're
interested in buying, and that's how business commerce works all
(01:39):
over the world. Park that, to one moment, all he
sees is a bottom line number. We buy more from
them than they buy from us. Now, the fact that
a lot of what America makes is crap like meat.
Their meat is rubbish, it's it's barn raised nonsense. So
the reason that we, for example, don't buy their meat
is because we make better meat, and we've got plenty
(02:00):
for ourselves. We don't want to buy rubbish from them.
So Park that aside as well. If you're all you're
looking at is the bottom line, China more business with
American buased business. So he wants to reciprocate. He wants
to do something about that. So you can understand that
from his point of view, the Sooto fifty percent only
imports two point eight million dollars worth of you as goods,
(02:23):
so nothing, but there is an imbalance there. America buys diamonds,
knit women suits and non knit men suits, so not
a lot of trade, but it's not balanced. So he
goes right, I'm going to get you fifty percent. The
EU major player, of course, and this is where it
could get ugly if they retaliate. World's largest bilateral trade
and investment relationship is with the US. It is worth
(02:46):
fifteen billion dollars every day. Germany, Ireland, Italy are the
biggest exporters, so they've been whacked with twenty percent. The
justification is the deficit is about five hundred billion dollars,
So in other words, America buys more to the tune
of about half a billion dollars from the EU than
the EU buys from America. It's not for fas Trump
(03:09):
hence is twenty percent. So you understand that Switzerland's been
particularly badly hit. And one of the reasons you can
really clearly understand, US has been Switzerland's biggest export market.
Why are watches they make rolllexes and there's a lot
of rich Americans who buy rolllexes. Not just rolllexes, but
they make a lot of medical products, and they make
(03:30):
a lot of vaccines and blood and cultures and watches.
America doesn't do any of that. They don't make any watches.
When was the last time you looked at an American watching?
And Gohard tell you what, I'll give you twenty thousand
dollars for that. They don't do it. So Americans, rich
Americans like to buy roll ex so they bring those
into the country. But it's a trade imbalance, hence he
wants to rectify it. Vietnam, as we've mentioned this morning,
is about the worst. And this is where it gets
(03:51):
really complicated because you get a lot of American companies
packed up in Vietnam. Why because the labor's cheap. So
Trump's theory is Nike guys, ah, well, all right, we'll
move back to Minnesota and we'll make all our Jordan's
in Minnesota. So instead of Jordan's being two hundred and
twenty bucks, there will be eight hundred bucks. Because guess what,
(04:12):
your average American wants to be paid a bit more
than your average Vietnamese. Now, all of this, to my mind,
is completely and utterly plain and obvious. Trump doesn't see it,
or I strongly suspect doesn't want to see it. But
that's what is rationale is.
Speaker 2 (04:28):
I don't think you can really use the word rationale
or indeed rational when it comes to this particular administration.
H get away train of horses. That might be something
(04:48):
that you can use rewrap. Anyway, Let's not worry about
it too much. Let's just Matt the week because it
is Friday.
Speaker 3 (04:53):
It turned out to mark the week, little piece of
news and current events. It's hotter than the bell on
opening day of the New York Stock Exchange for newsmax.
Are the Murray Party one? They get one because they're
legitimately they're because of votes and that's democracy and you
can't argue with it. As for the rest of the
performance this week, there are a joke in an embarrassment
of this country? Are the Greens two?
Speaker 2 (05:11):
Wow? Two?
Speaker 3 (05:12):
Not one? Are because they get more support in the
polls and the Marray Party, but the prospect of Labor
letting them round a cabinet table, I mean really booked
my ticket out Trump. Three they rip us off. It's
so sad to see, it's so pathetic. One better than
the Greens because to counterterriffs of others is not free trade.
But it's understandable. I get it. As for the rest
of it, he's mental. Are the Warriors seven?
Speaker 1 (05:34):
Yes?
Speaker 3 (05:34):
Because three in a row is three in a row
and two more points this weekend, of course, which on
the my casking score sheet is four in a row.
Clarkson's Farm seven because launch date was revealed this week
for season four it is May twenty three. Market down.
See even though there's there's a lot of it about
these days, quality television, I reckon remains elusive for reminding
us quantity is not automatically equality. The America's Cup four
(05:58):
I thought it was going to be held here, so
I wasn't a surprise and I wasn't disappointed, although in
the spirit of being open for business, I would have
liked to have seen a bit more enthusiasm from the government,
I mean, please, being poverty as a poor man's game,
not a go get his game. Hawks Bay Wine eight
could be, could be a classic vintage, could be like
twenty thirteen. It's been an awesome summer for a lot
of us, really, hasn't it? Here is cheers The jobs
(06:19):
report too, shared a story of the week for me
to have over half the country regretting their career as
a study and lack of planning or lack of action
or lack of living life to the full. The school
lunch pole seven, most of us think parents should make
our kids lunches. What that shows is most of us
are still attached to some form of reality. Corey Booker six.
Speaker 1 (06:38):
So fasted for ds into it. I start drinking water a.
Speaker 3 (06:42):
Long time ago, achieved nothing outside of optics, but twenty
five plus hours of stammer it to be admired and
am bladder to be impressed by. I would have thought
that's the week copies on the website and everyone who
works on this, by the way, was paid the new
living wage. It was also recognized this week that when
taken properly, this is just as off effective as we're
go be.
Speaker 2 (06:59):
I don't know why people think that just because Booker
didn't go to the bathroom, they didn't do wheez. I mean,
he just would have been wearing spaceman nappies when me
it seemed to be a very baggy wide suit. Surely
that's what was going on there, right. Mike's had a
little Winge about the job survey that came out this
(07:23):
week already, but it's really been bothering him that some
people actually don't like their jobs that much.
Speaker 3 (07:28):
Tell you what. The irony was not lost on me
this week, as a couple of things job related happened.
One the survey that suggested over half of us regret
our career choice. That struck me as profoundly sad. Say
whatever you want about work and work life balance, but
a lot of ours are spent in a lifetime grafting.
Virtually everyone, at least at the start, has to work.
I mean everyone, of course should work because it's good
for you, but to have a lifetime of regret, to
(07:50):
have not really lived at all, or at least not
feel your full potential. Juxtaposing that was the surprise to
me anyway, that I'd been here at ZIB for twenty
five years. A smaller surprise was on the same day,
April one, Irony Morning Report at Radio New Zealand was
marking fifty years. I spent a short, stinting report immoderately,
although ultimately I think successful circumstances without word of a lie.
(08:13):
I have loved every day of every week of every month,
every year, not just as z B but the forty
four years I've been in this game. Of course, I've
had bad days, had bad employers, I had ropew times,
have been sacked twice by morons. But I never regretted
picking what I do, which is a small miracle given
I've never really been able to tell anyone with any
clarity why I picked this game in the first place,
other than it seemed appealing. I had no mentors or
(08:35):
people I knew in the media. As a kid, I
listened to the radio, thought that sounds fun. As it
turns out, I was right other small saviors been. In fact,
not only didn't I regret it, it worked out moderately
well in terms of gainful employment, because at no stage
in the past four decades have I been able to
conjure up an alternative. I literally cannot think of anything
else I would want to do. I would like to think, though,
(08:57):
and this goes to the survey that if it hadn't
gone well or I did regret it, I would have
done something about it, because life's big lesson his life
is short, and if you aren't rolling with it, you're
fighting it, and that's no fun and it wears you out.
Speaker 2 (09:10):
Do you think in Mike's world everybody does a job
like some people just aren't doing the right job, and
that if he could just shuffle everybody around, he'd find
the right job for if everybody and everybody would be happy.
I'm just not quite sure who cleans the toilets and
empties the rubishpins in that scenario. I mean, I guess,
(09:31):
I mean, everybody has their kink, and there's the odd
person who probably enjoys those jobs, but perhaps not quite
enough people the rewrap we're going to finish up where
we often do with a coffee.
Speaker 3 (09:43):
Back to the question around the price of coffee, the
price of coffee has got nothing. It's not price gouging,
and it's got nothing to do with tariffs. And it's
been very heavily publicized. And so that's why it remains
very important that you remain cognizant of international matters on
any given day. And that is I thought we all
knew that two things were happening in the world of
(10:04):
food this year. One was cocoa was a problem, and
that was due to climate change, and they've got cropping issues.
So chocolate's gone through the roof and coffee is the
same problem. It's climate related demand supply it doesn't meet.
The price of beans has gone up, speaking which I
ordered some beans the other day from the place I
get beans from, which is in Wypoo, which is a
(10:24):
very small town Northwalkland's about an hour our's drive away.
Now that's gone up in price, not horrendously. I didn't
estimate by a couple of dollars a bag, which is
in a percentage terms, probably quite a lot. But nevertheless,
I'm still talking. Well, we're down they cut them. Interesting,
you should say that they used to do five hundred
k but five hundred k grand bags. They're down to
(10:44):
two fifties, and the two fifties are actually I won't
tell you what the two fifties are because you'll do
your uge go right anyway, So there are two fifty
backs anyway, The point being what has gone up is
the cost of transporting that coffee from basically an hour's
drive away through New Zealand post eleven dollars eighty, almost
as much as the coffee, it seems, which so that's
(11:07):
gone through the roof. Your cost of powers gone through
the roof, because you realize that transpower have been given
the clearance to charge you billions of dollars or US
collectively billions of dollars so they can build some more
power pilons and make us more resilient and stuff like that.
So those things are still around in the economy. They're inflationary, which,
as far as I can work out, it's a problem.
Speaker 2 (11:26):
So we know that coffee costs at least eleven dollars
eighty it costs.
Speaker 3 (11:30):
I'll give it to you. It's eighteen. It's eighteen dollars
for a two fifty grand bag. Now, this is where
life gets slightly interesting because you talk about tariffs and
price increases and the cost of living and everything. There
are certain things in life you are prepared to pay
above the odds on because you have an emotional connection
to them. Can I buy coffee beans cheap? Of course
I can, probably not a lot cheaper these days, but
at eighteen dollars, that's right up there as far as
(11:52):
I can work out. But their high quality coffee beans,
and they bring me tremendous pleasure. What price do you
plate place on pleasure? At two thirty in the morning.
Speaker 2 (12:00):
It is quite fun to do a blind taste test
with people with Coffeehouse. They sell coffee, including of different
in different forms, including whole beans, and I can't remember
exactly what they call it, the brand name that they
put on it, but anyway, it's just called it the
(12:22):
Warehouse Coffee. And they sent some in I can't remember
why a little while back, and I topped up our
beans and our coffee machine with them. And there's actually
only one person in the house who uses the coffee
bean machine. The rest of us are on the n
(12:42):
espresso because we can't be bothered tepping around with the
grinding and the ten thing and all the rest of it.
But there's one person in the house who insists that
it's got to be a certain kind of being a
certain way. But she doesn't know that I've changed the beans,
and I haven't heard her complain, just saying I am
Glen Hart. This has been the most privileged podcast of
(13:05):
the week. Maybe we'll see here again on Monday and
I'll end up there's been any change in the coffee situation.
Speaker 1 (13:21):
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