Full Show Podcast: 01 August 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
New Zealand's home for trusted news and views, The Mic
Hosking Breakfast with the land Rover Discovery, never Stop discovering News,
Tom's Dead.

Speaker 2 (00:09):
B Bolling Welcome to the Trade Ministrawmot Trump has and
it staufors tariff wires, the rules around Jeden, Who we
got new numbers around debt rheas and whether we're still
in a credit hole? Tim Katy given its Friday Murray
olds Richard Arnold. They provide a bit of shine as well. Pasky,
Welcome to the day. Seven past six. Now let me
ask you this question. If a council gives a media
outlet some numbers and the media outlet simply reposts those numbers,

(00:32):
is that reportage or is that propaganda? So the headline
was more cyclists get on their bikes, which is true,
But at no point in my reading of the cycle
ways of the nation's major cities was any definitive analysis
done as to whether the cost of the infrastructure to
get people on their bikes was worth it. In christ Church,
some popular routes clocked two thousand trips a day. Now

(00:55):
is that a lot? Well? Remember to harve that number
because trips are reached twice, so it's one thousand going
two and from something. And this is in a city
of four one hundred thousand people. Wellington four key corridors
racked up eighty seven thousand in a month. So you
have the eighty seven, you get about forty three. Divide
it by four for the corridors four corridors you have ten.
Divide it by thirty for the days of the month.

(01:16):
You've got three hundred and thirty three a day. Three
hundred and thirty three a day. Not a lot of
people for cycle ways. That would have cost many, many
millions of dollars. In christ Church, they were claiming a
forty percent increase in usage, except that was from twenty seventeen,
so over eight years, so about five percent a year,
not really a booming number. Newtown and Wellington is one
of their most popular routes. Apparently they do. They claim

(01:38):
between eight to twelve thousand trips a month, so let's
average that it's ten thousand. Are divided by two, so
we're down to five. Divided by thirty, we end up
with one hundred and sixty six a day for one
of the most popular routes. So a cycling booming, or
has the Council pr Department cobbled together their best numbers,
passed it off in press release form to a gullible
newsroom and the hope no one has a calculator. They'

(01:59):
get me wrong. Nothing wrong with cycling. Cycling's fun, good
for you. But when you add the cost of the specialists,
infrastructure and do the math, it's got a very ev
type vibe about it, doesn't It a lot of hype
that is never quite matched by the reality. Numbers and
percentages are easily messed with, of course, to paint the
sort of picture you want. The favorite is the huge
percentage increase, but you're not supposed to ask from what

(02:21):
to what? I mean, one to two is one hundred percent,
but still only two. But where the bandwagon and the
machine normally tax or ratepayer funded of course, that pushes
this stuff, and sadly the media who pedals it no
pun intended.

Speaker 1 (02:35):
News of the world in ninety seconds.

Speaker 2 (02:38):
Right, Tariff's moving feast career has got a deal. China
could be a deal New Zealand. We get told four
pm today or buy four PM today. Mexico has a pause.

Speaker 3 (02:46):
From Mexico as of tomorrow. Would have also faced tariff
somewhere between fifteen and fifty percent. We're not sure, because
of course there has been quite a lot of capacity
around these trade deals. But Mexico has been granted a
ninety day extension.

Speaker 2 (02:58):
Indeed, crunch you through the number shop is regards the
war another day of carnage.

Speaker 4 (03:04):
He had a master's degree in political science and international relations,
he says, and he died looking like a corpse crawling
to find a flowers an invite.

Speaker 2 (03:16):
This is an absolute line.

Speaker 5 (03:18):
This is absolutely lost food.

Speaker 6 (03:22):
Because I've seen that plain lies.

Speaker 5 (03:24):
And I would like to have mister Wickcock come here
and talk to me to my face now sure.

Speaker 2 (03:31):
In Britain, a couple of things. One, we've got a
bloke arrested for religiously poisoning kids at the summer.

Speaker 5 (03:36):
Eight children were taken to hospital as a precaution and
a fall since been discharged. I can confirm this seventy
six year old man was arrested on suspicion of administering poison.

Speaker 2 (03:51):
And two a result that didn't go Connor o'grigg's way
in his ripe appeal.

Speaker 7 (03:55):
Dis appeal has redraumatized me over and over again, been
forced to reliver. What happened has had a huge impact
on me. To every survivor out there, I know how
hard it is for Please don't be silent. You deserve
to be heard. You also deserve justice.

Speaker 2 (04:11):
And stage site E. Long was looking to send four
off to the space station, but they had to scratch it.

Speaker 8 (04:15):
These are instantaneous launch windows that means they have a
single second to launch and actually make it up to
the ISS. You have to wait for the ISS to
pass over your head and then you can launch and
you actually be SYNCD up for everything to come together.
You tend to have a single second that you can
lift off and make it the ISS.

Speaker 2 (04:29):
Now, finally, new potato news. Now I don't say that
often on this program, but I've got new potato news.
Over nine million years ago, the potato was actually you
ready for this, a tomato. Wild tomatoes that grew in
the Andes ended up crossing with a plant called the etoborossum.
Are they hybridized and voila, you had a spot. Scientists
say this is groundbreaking and they're looking at other hybridization

(04:50):
of bens within food ground on the ground US and
breakthroughs in ninety right, oh, here's where we're at be
since says China may have a deal. Lutnik yesterday said
everyone by today tomorrow, but China may take longer. Suddenly
Best at this morning says we've got the makings of
a deal with China. As you heard the deal on Mexico.
Mexico was due for a massive increase in tarras tomorrow.

(05:10):
That's been paused for ninety days. Brazil's got fifty, that's
the botscenario thing that's a bit weird. And South Korea,
as ob yesterday has got fifteen but more throughout the morning,
twelve past six, the.

Speaker 1 (05:23):
Mike Asking Breakfast Full Show podcast on iHeartRadio, Power By
News Talks.

Speaker 2 (05:28):
EPI Chinese manufacturing not good. Andrew will have something on
that V in a moment. Okay. In Germany though the
inflation came in at one point eight, they thought it
was one point nine. Anything with the one, I'll take
fifteen past six and j My Wilf Andrew Kellah, good morning,
very good morning. It's a busy, busy, busy time with
the feed of course, and then the Big boys came
to town yesterday as well.

Speaker 9 (05:49):
Yeah, so we've got a new month dawning for US
Mike Offshore. Market's still closing out that month, but it's
closing out what has been a pretty constructive month for markets.
And one of the reasons for that has been this
resurgence in the share prices of the megacap stocks, and
you know, just dwell on the fact that we've now
got you know, we've now got more than one company
hitting a four trillion dollar market capitalization.

Speaker 2 (06:13):
These are just incredible numbers.

Speaker 9 (06:15):
So after the market closed yesterday, Microsoft and Meta Platforms
announced their results, both generating very positive market reactions.

Speaker 2 (06:23):
So I've looked at Microsoft after.

Speaker 9 (06:25):
The results, share lecked over eight percent. I mean, that's
a big move for a massive company. It's backed off
a little bit in trading today, but in that after
ours trading it lifted a trifling three hundred billion US
dollars that's about five hundred billion New Zealand dollars, which, again,
these numbers are just staggering, but the results stronger than expected.
Revenue rose eighteen percent year on year two seventy six

(06:47):
point four billion US dollars, that's about one hundred and
thirty billion New Zealand dollars. That beat analyst consensus expectations,
and what everyone's focusing on here is obviously the AI theme.
They're a Zoo division had a thirty nine percent rise
in sales.

Speaker 2 (07:02):
That's this is their fourth quarter.

Speaker 9 (07:03):
For their financial years. So the Azua is the intelligent
cloud business. And we talk endlessly about the trajectory and
the potential impact of AI. But I thought there was
one one comment from such An Adella, the CEO. He
basically said that cloud and AI is the driving force
of business transformation across every industry and every sector, which

(07:25):
kind of captures everything, doesn't it. So the Zoro division
now has sales totally more than seventy five billion for
the year end of thirty June.

Speaker 2 (07:33):
Here's some other numbers.

Speaker 9 (07:34):
Copilot, that's the AI that sits within the Microsoft suite
of products. It's now got one hundred million active monthly
users and roughly eight hundred million customers they've got who
interact with the AI features in the Microsoft ecosystem. Growth
really leveraged AI sales and training, and I think Mike
just a common comment is that analysts and markets have

(07:55):
been sort of trying to consider whether or not these
megacap companies will actually, you know, whether they'll see a
benefit from pouring millions of dollars into AI infrastructure and
AI training well from Microsoft, result actually looks like they
are now seeing a meaningful impact on sales, and they're
still spending thirty billion dollars this.

Speaker 10 (08:12):
Quarter on data centers.

Speaker 2 (08:14):
Yeah, and there we come to meta Meta your Facebook.

Speaker 9 (08:18):
You know, it wasn't there a point where we just
thought Facebook wasn't cool anymore and all the kids were
moving on to TikTok and Snapchat and everything else. But
doesn't seem to have hurt Meta platform. So also rose
sharply and after ours training up twelve percent on the close,
now sitting at seven hundred and seventy eight dollars. Earnings
per share was expected to be five dollars eighty eight

(08:39):
came in at seven dollars fourteen. That's what we call
a significant beat. Revenue forty seven a half billion, twenty
two percent above expectations. Daily active people interacting with brands
went up six percent, and ads eleven percent, more AD impressions.

Speaker 2 (08:55):
I mean, these are all just great numbers.

Speaker 9 (08:57):
They're also saying they'll continue to move heavily onto AI
as well, so another great result for them.

Speaker 2 (09:02):
Yeah, indeed, and then we come to Old Jerome. Now
correct me if I'm wrong. I didn't hear anything yesterday
about September. Now went at a count.

Speaker 9 (09:10):
Yeah, that's absolutely right. So he did the statement and
then he does the press conference, and it was a
little bit more hawsed than expected. No direct implication of
a cut in September. He completely kept his options open.
So you've got AI in the background driving spending and
household seemed to be in pretty good shape, but underneath
the signs of a weaker economy and the labor market's

(09:30):
going to be key that non farm payals tonight. I
think that's the market that he's looking at in particular.
But yes, he's not committing to a cut at all
at the stage.

Speaker 2 (09:39):
Interesting and those China numbers are referred to, so how
many months in a row is that? It's wild?

Speaker 9 (09:44):
Yeah, four consecutive months of contraction on manufacturing. So it
fell to forty nine point three from forty nine point seven,
so production market demand would have of have weakened. You
look at the new orders and say, well, is it
going to get better? New export orders, new orders both
under fifty non manufacturing a.

Speaker 2 (09:59):
Little bit over fifty but there are still challenges here, Mike.
For the for the Chinese economy, you're a champion. What
are the numbers?

Speaker 11 (10:06):
Ah?

Speaker 2 (10:06):
Yeah, So the Dow Jones is down.

Speaker 9 (10:08):
It doesn't benefit as much from sort of as the
Nasdaq does from these megacap companies. It's forty four thousand,
one hundred and eighty seven. For the Doubt, it's actually
down point sixty two percent. The S and P five
hundred down about a third of a percent sixty three
four to one, and the Nasdaq was up. It's just
sort of sitting around flat now. It's down eighteen points
point zero nine percent twenty one than one hundred and

(10:29):
ten overnight. The foot Seer one hundred are pretty flat
as well, nine one three two, just lost four points.
The Nicotot had a good date, up one percent forty
one thousand and sixty nine. The Shanghai Composite down one
percent three five seven three. The Aussi's yesterday lost point
one five percent, so small fall thirteen points eight seven
four to two the close there, and the inxects fifty

(10:49):
down thirty two points quarter percent twelve eight hundred and
twenty three. Kiwi dollar weaker again against the US point
five eight nine two point nine one sixty six against
the odd the zero point five one five nine euro
point four four six ao against the pound eighty eight
points seventy eight Japanese yen gold three thoy two hundred
ninety five dollars and break crude seventy two dollars and

(11:10):
fifty cents.

Speaker 2 (11:11):
How the most excellent. We can catch up next week.
Andrew Kellaherjmiwealth dot Co dot m ZSK news on rolls,
wess As and airlines later. But Airbus eighty five percent
rise in first half profit. They came in with two
eight eight billion. Persistent engine supply issues on the A
three twenty narrow bodies are a problem, but three hundred
and six planes were delivered in the first half, down
from three to twenty three. They've got net orders for

(11:32):
four hundred and two that's up from three hundred and ten.
Revenues are up three percent. Toilet problems. They can't get toilets,
there are no toilets, and as the man from Airbus said,
you can't really build an aeroplane without a toilet. So
they supply chain issues still. If you can believe it's
six twenty one, the Revenue Talk Zoo.

Speaker 1 (11:54):
The Vike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (12:01):
Yes, August one here, not quite there, but it will
be at midnight. And this is when it's all happening.

Speaker 12 (12:05):
We're going to prioritize our key trading partners, which we
have done, like I said, of the eighteen two thirds
of those we have cut these tailor made deals with.
But I do know that the Trade team has been
working around the clock to try to be in correspondence
with as many countries as possible. But if they haven't
heard from us yet, they will in the form of
a letter or an executive order by midnight tonight.

Speaker 2 (12:28):
Todd McLay, the Trade Minister, with us directly after seven
o'clock this morning. You don't think he's heard from the
States specifically, Mike Trump will probably slap twenty as he
looks at what our politicians wear and thinks these guys
are just a bunch of school kids. You're wrong, my guess.
I mean, obviously I hope it's zero. It won't be
because it's already ten. Trump said the other day from
Scotland's fifteen or twenty, I suspect it's fifteen. It can't

(12:50):
be twenty because he can't justify it, because that then
puts the whole world above the ones that have got
deals at nineteen's and fifteen's, and he can't do that
to the whole world. Therefore, my bet is it's fifteen six.

Speaker 1 (13:03):
Five trending now with Chemist Wells keeping Kiwi's healthy all
year roun.

Speaker 2 (13:08):
Now, I'm got a film here that's actually going to
go to the movies. You remember the movie the actual theater.
It's called Nuremberg, based on the book The Nazi and
the Psychiatrist, which was inspired by the true story of
trials held by the Allies against the Nazi regime. Psychiatrist
determines if the Nazi prisoners are fit to stand trial
for the war crimes.

Speaker 13 (13:24):
You're standing inside a secret military prison that houses what's
left of the Nazi high command.

Speaker 10 (13:30):
I will have, as you say, my day in court.

Speaker 2 (13:35):
I don't worry about this man than anyone else on
the planet. You're walking into a trap.

Speaker 14 (13:40):
You want to know why it happened here, because people
let it happen.

Speaker 1 (13:44):
I'm gonna put Herman Gerring on the stand and I'm
gonna make him tell the world what he did.

Speaker 2 (13:55):
Welcome to Nuremberg, and Old Rusty is Goerring as in
Russell Crowe. I think he will be good. Melick Rami
as the psychiatrist. It stars Michael Shannon. You might know
from things like Bullet Train, in the Shape of Water,
Richard E. Grant, who We Love, Saltburn November seven in
the US to theaters, and November fourteen for everyone else

(14:17):
sort of like the Teriffs, sort of like on at midnight,
so everyone the rest of the world will find out
south Park. Speaking of entertainment, south Park, and I've never
seen south Park, but it's a thing anyway. Twenty seventh
season broke a record, So if you think television is dying,
simply not true. It's on Paramount Plus, but it's also
on the Comedy Central Channel. It opened to five point
nine million, best season premier since twenty twenty two, biggest

(14:37):
share at the cable lord the Insira season premier since
nineteen ninety nine. So she's still cutting edge, which is nice, right.
Economic news been a lot of it this week. I've
got even more debt areas. Are we paying our bills?
What's the demand for credit? What's going on the older
Centrix numbers for June are out. I'll crunch you through
some of those for you. As I say Todd McLay,
he's with us directly after seven o'clock and new news

(14:59):
on ge fooj into that. We'll talk to the food
minister about.

Speaker 1 (15:03):
That as well, setting the agenda and talking the big issues.
The Mike Hosking breakfast with Bailey's real estate altogether better
across residential, commercial and rural news.

Speaker 2 (15:14):
Togs headb So, who's fault is this?

Speaker 14 (15:16):
As on?

Speaker 2 (15:17):
Next season? Barcelona as in the fame football side, new
camp and all that sort of stuff are going to
have on the back of their training kit. Their new
sponsors are the new eighty million dollar sponsorship deal which
is with quote unquote Congo, Heart of Africa. He says
that random, it's a bit random. Is Congo really one
of those countries that has eighty million dollars to sponsor

(15:38):
a European football team?

Speaker 6 (15:39):
Not really.

Speaker 2 (15:40):
It's one of the poorest countries in Africa. Seventy six
percent of the people live below a dollar ninety a day.
So is that Barcelona's fault for accepting the money or
once again Africa's fault? For behaving like Africa twenty three
minutes away from seven darn watch Richard Idold shortly meantime
back here. Money wise, what have we got data? Well
from June when it comes to part paying for bills,

(16:00):
good news, the number of people behind on payments done
by seven thousand to four hundred and seventy eight thousand.
Mortgage inquiries are up sixteen point seven percent, driven mainly
by that refinancing we told you about earlier in the week.
We got company liquidation still a problem, though twenty six
percent up year on year. Keith McLaughlin is of course,
Centrics Managing director and is back with us. Keith, morning
to you, Good morning, am I so summarize this for me.

(16:22):
Are we on the mend? Are we stuck in a rut?
Are we down the drain? What does this tell us?

Speaker 10 (16:28):
Look?

Speaker 15 (16:28):
I think that's still improving. I think the amount of
the areas are still falling, but not as quickly in
jutant as who would have liked. I think there's a
little bit more pressure on households, mainly around the areas
of things like rates and insurance and power and things
like that, which approput a bit of on the household budget.
But look generally speaking, looking across all the numbers, there

(16:50):
is definitely a continuing trend of improvement.

Speaker 2 (16:53):
And when we look historically speaking, four hundred and seventy
eight thousand, is that a lot of people to owe
money or have problems with.

Speaker 15 (17:00):
Moments certainly going back five or ten years, Yes, it is.
We were finding going back a strapy that areas we're
trending down, sitting me on the back of better information,
better quality of credit decisions, So areas worth falling Post COVID,
they climbed up again and we're having trouble just giving
them back down to that downward trend that we had

(17:20):
tried to come.

Speaker 2 (17:21):
Now you've isolated the cost plus accounting problem, so the
interest rates are flowing through the cut and the interest rates,
so we're feeling better until the bill arrives from the
insurance company from the council, and that's the issue, isn't it.

Speaker 15 (17:31):
That's correct. I mean, there's going to be an ongoing
improvement in household budget as interest rates continue to fall.
But you know about seventeen percent of mortgages are going
on to a repricing over the next twelve months, so
there will be an improvement in the household budget, provided
that's not taken up by the non discretionary spending.

Speaker 2 (17:50):
That mortgage inquiry number up sixteen point sevent percent. Can
you break it down to the point, are these new
people borrowing new money to buy new houses or is
it just a lot of refinancing Centremoney's round around.

Speaker 15 (18:01):
Yeah, I think there's a combination of both. For I
certainly think the waiting of it is the money going
around and around with the refine it's into a different organization.

Speaker 2 (18:08):
Okay, So two rate cuts to come allegedly, is that
going to make a material difference to the economy of
people going to feel better? Where are you at with
this whole twenty five it's going to slowly come right, Vibe?

Speaker 15 (18:20):
Well, I think what we're relying on is improved in
the consumer confidence, so that those who do have money
in the bank are more habita growth and spend it,
and that those that are struggling do have more leeway
and their household budget. So any contribution to the household
budget certainly will be a positive trend.

Speaker 2 (18:35):
Always a pleasure, Keith, You have an excellent week, kend
Keith McLaughlin Centrics managing director A read a piece yesterday.
You never know about whether these people are promoting stuff.
It's a group called finn Cap FINCAPPO organized the financial
mentors in the country. They're telling us that there are
large numbers of what they call really really, really wealthy
people who are still having trouble with money. So you
wonder of those four hundred and seventy eight thousand people

(18:58):
who have got to rears on the bills, how many
of them are really struggling because they don't have enough money,
and how many are just a bit useless with the
dough nineteen away from seven Tasking morning, Mike. If you
look at the size you're off on the cycle way
started the show with us this morning. If you look
at the size of the cycle way in regards to
the amount of road it occupies, i e. The percentage
it takes up, its significant considering that by and large
they're mostly empty. Could you explain why I pay road tax,

(19:19):
fuel tax, registration, war on fitness insurance yet this entitled
free loading group pay nothing. It's not a bad question, Mike.
You talk about the cost of cycling infrastructure, you left
out the economic impact of slowing everybody else down also
a good point. Mike's cycling is the worst form of
road uses that exists, the formula number of cycles versus
roads stolen. Appreciate that Richard Arnold is standing by nineteen

(19:40):
to two.

Speaker 1 (19:41):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (19:46):
It be least a chunk of the health service got
sorted out this week. Card The midwives were part of
the twenty four hour strike on Wednesday, but they've got
a deal now.

Speaker 10 (19:55):
This is good.

Speaker 2 (19:55):
They get a three and a half percent pay rise,
a lump some of two hundred and thirty five dollars.
I have no idea what the two thirty five is
and where it came from and why they wanted it,
but anyway they're getting it along with the three and
a half percent. So a graduate and I think we've
got to be start getting a little bit honest about this.
Luxeon's been pumping the one twenty five thousand that the
nurses get and that's commensurate with the new South Wales
and we've got to stop this whole Nurses need more forever.

(20:18):
I mean, nurses do need more. If we could pay
nurses a million dollars each. Of course we would, we
love nurses, but it's not real. So a graduate midwife
base salary is going to be up almost three thousand
dollars to eighty five thousand dollars. To graduate and earn
eighty five thousand dollars is not bad going, Let's be
honest about it. Senior midwives up four thousand dollars to
about one hundred and twelve thousand dollars. Anyone earning six

(20:39):
figures in this country, in this economy is doing okay,
and we've we've got to start acknowledging that a bit more.

Speaker 16 (20:47):
Six forty five International Correspondence with Ends and Eye Insurance
Peace of Mind for New Zealand Business.

Speaker 2 (20:53):
Five origin Inald.

Speaker 10 (20:54):
Morning again, Way night.

Speaker 2 (20:56):
I come to the tariffs in just a moment. This
is our plane v helicopter a couple of months ago,
so looing into us.

Speaker 10 (21:00):
What do we know?

Speaker 17 (21:01):
Well, we're hearing quite a bit and none of it's
really encouraging. This disaster is to focus on Capital Hill.
They're holding these hearings into the mid air collition near
Washington's Reagan National Airport back in January, of course, when
sixty seven people were killed in a crash between commercial
jet and ade military helicopter and Army chopper. This was
the first fatal crash involving in an American airline in

(21:22):
fifteen years. And as I say, what we're hearing is disturbing.
The Army says that the specific type of Blackhawk helicopter
involved in this was known to have problems with it's altimeter,
which measures how high the aircraft is flying. An Army
engineers testified that if he had the power, he would
take these helicopters out of the fleet immediately. Instead, the
Federal Aviation Administration, which oversees the air traffic controllers, says

(21:45):
they plan to update their manuals and let pilots know
about these problems by September. That led a Transportation Board official,
Todd Inman, to say this.

Speaker 15 (21:56):
And you're telling me it's going to be two months
before you tell them that there's a discrepancy.

Speaker 10 (22:00):
How about telling them now?

Speaker 18 (22:01):
Seriously?

Speaker 17 (22:02):
At the Washington Reagan National Airport, they have been juggling
the commercial military flights. We know it's a very busy place.
The black Hawk in this instance was flying about thirty
meters higher than the supposed chopper limit. They have also
heard that there were fifteen thousand that's the number, like
fifteen thousand close calls at the airport as they try
to squeeze all these flights in.

Speaker 2 (22:22):
That seems just mind boggling, doesn't it.

Speaker 17 (22:24):
Then they were told that on the night of the crash,
one single air traffic controller was dealing with both the
commercial jet and the military chopper. One of the crew said,
he's got them stacked up. Tonight, busy, said another, as
the controller let them both continue towards the airport using
visual separation.

Speaker 14 (22:40):
Sadly, of course that did not work.

Speaker 2 (22:42):
Now it did not write midnight, tonight your time, four
of this afternoon, our time. Letters are coming. It's all on,
that's right.

Speaker 17 (22:49):
We wait to see what the letters say, whether it's
what a fifteen percent tariff in New Zealand or whatever
it is, and many many other countries are in the
same position. Mexico, though, has been given a ninety day
reprieve on high tariffs after a call today between its
president and Trump. Trump and Shinbaum spoke by a telephone,
but the deadline still looms for most of the rest
of the world. A short time ago, the White House

(23:10):
press person Karly Levitt was asked about the on again,
off again Trump tariff approach with all.

Speaker 7 (23:15):
Of this, looking to provide any more extensions today after
his phone call with Mexico, is or any other conversations
like that.

Speaker 12 (23:23):
I do know that other foreign leaders around the world
have reached out, and if the President decides to share
the conclusions of those calls with all of you, he
will do so himself.

Speaker 6 (23:32):
A lot of light there is.

Speaker 17 (23:33):
Tomorrow's deadline is called for deals to be made or
tariff might be pro imposed to a level of as
much as fifty percent. Mexico will continue paying twenty five
percent rate on most items and fifty percent on industry
or metal, so that's their agreement. Canada, as a major
trading partner with this country, has been predicting they could
reach a deal that struck down or the Trump tariff's. Well,

(23:55):
that hasn't happened, and Trump now is saying it would
be quite unquote very hard to reach a trade deal
with Canada after that country said it planned to recognize
a Palestinian state. So this is a swirl of issues
here from what Fentanel to Gaza. In the next meantime,
the Trump trade wars are facing also a critical court
test in this country, as the Trump team has been
sued by a coalition of states and businesses who claim

(24:18):
that Trump has been overstepping his powers when it comes
to some of the steepest tariffs.

Speaker 2 (24:23):
Good stuff might go. We'll see you next week, Richard
Arld sightside the dominimous thing. Yesterday signed another thing for
the rest of the world. They did the Deminimus thing
on China. That's in court. He signed an executive order
for Deminimus for the rest of the world. I'm assuming
because China's in court, the whole world's in court. And
ever it's in court, it can't come into play. Watch India.
India is probably, to my mind the most interesting of

(24:45):
these trade deals because the other day he slapped the
main tariff on them. They were going to have a deal,
and that's fallen apart. But what importantly he also did
was slap a penalty tariff for their trading with Russia.
So the question mark is now, is the penalty tariff
if you trade with Russia, and there are plenty of
people who do. India is the most overt China is

(25:05):
another one. Of course, India is the most overt one.
But if you trade with Russia, is he going to
get to Russia by penalizing other countries to put the
squeeze on? So where India goes, does a number of
other countries go. So watch that one and see how
that unfolds over the next couple of weeks.

Speaker 1 (25:21):
Ten to seven The Mike Hosking Breakfast with the Landrover
Discovery News talks HEADV But.

Speaker 2 (25:27):
Do you truly believe what Luxton says about nurses wages?
Exclamation marked one two, three, four five seven. I'm a
nurse special as my base salary's one oh seven. He
talks a low to bs. No, he doesn't. And by
the way, you two trigger too many exclamation marks. What
he says, and he's been consistent about one twenty five
thousand is with shift allowance as an overtimes and I
think of your base at one o seven. He's right,
isn't he?

Speaker 10 (25:47):
Mike?

Speaker 2 (25:47):
Most cyclists also owned cars plus health benefits reduce the
burden on the health service, and more cyclists means less
cars blocking traders, et cetera. Ben, it's a good point.
It's the Seymour argument round farmak. If you fund a
drug and the drug helps the person. Therefore they don't
lean on social welfare or they don't lean on the
health system any further, is that an accountancy practice or

(26:08):
a counting practice that you can work in. So I
take your point. When they come off their bike and
there's a problem, ask the councilor the Auckland councilorho wasn't
at the meeting yesterday because she got hit by a
car because she's on her bike. Very good news, and
some of you will go, how's that possible? From the
twenty five Flyers Choice Awards from Airline Ratings dot com
Best cabin Crew Uniform, who won will obviously Singapore, because

(26:30):
Singapore wins everything. Singapore's the best airline, Singapore's got the
best airport, and Singapore has the best uniform. It was
designed years ago by p vl Mann back in nineteen
seventy four, and if you think about it hasn't changed.
And if you think about that, that's classic fashion, that's
timeless fashion. That's what great design is. If you design
something that stands the test of time. You see it,

(26:51):
you see it in furniture and so Bellmann got it
right and it's still the same uniform today. Emirates came second,
which I find weird because it's a so of a
mustardy brownie tanny and no one looks good in tan
and in New Zealand came third for the new one
or the existing the existing one, the existing one, the

(27:12):
purple one with the swirls now. I struggle with this
because Tralice Cooper is one of the nicest people in
the world, and she designed it, of course, but she
designed it quite a long timeway, and what I would
argue is a fashion Ford kind of way, in a
could be hot now, not so hot later, or.

Speaker 19 (27:29):
Do we need to give it another fifty years like
Singapore's one.

Speaker 2 (27:32):
Could come right six minutes away from seven.

Speaker 6 (27:36):
Pal the ins and the outs.

Speaker 1 (27:38):
It's the biz with business favor take your business productivity
to the next level.

Speaker 2 (27:43):
Rolls Royce News as in the jet engine department, So
our dreamline A fleet, of course, has suffered because of
the issues with the Rolls Royce Trents four and City
lacked confidence in them when it came to extended maintenance
timelines all that sort of stuff. Anyway, airlines around the
world have suffered and cancel thousands of flights. So Rolls
Royce sucked. Oh, hold on, no, they don't. They recently
as of December said they couldn't source the parts to

(28:04):
make the repairs and had to significantly reduce their output.
So this has got to be hurting them business wise.
You've got to be getting me. First six months they
saw profits of three point eight billion compared with two
point four, so two point four to three point eight
revenues up eleven percent, saying they've increased their full year
profit guidance as well. The jet ends and sector's booming. Well,
how's all this possible? Because international travels recovered dramatically since COVID,

(28:26):
except for news Veland, of course, where we're still stuck
at eighty six percent demand for jet engines through the roof.
It's resulted in chairs being up more than eighty five
percent this year alone, tenfold since twenty twenty three. Analysts
say this is the benefit owning a chunk of the market.
Even when performing poorly, people still need what you produce.
So the stuff you made the other day that doesn't work,
don't worry about that because there are still people on

(28:47):
line saying I want some of the new stuff please
Now for their part, Rollsworth, So they've made big improvements
in the first six months of this year. Increasing the
r's engines spend on what they call on wing before
they need maintenance. On wing means when they sow you
the end and you stick it on your plane, you
fly around a bit before it needs a service like
you warrant. So on wings improving, I don't know that
Greg would be necessarily cheering their success. So weir Bus

(29:10):
has got toilet problems. We've learned that this morning. They
don't have enough toilets ros We're still aren't fixing their
problem engines, but the new ones they're making everyone's excited about,
so that's encouraging.

Speaker 19 (29:19):
I'm torn. I don't know if I'd rather have an
engine or a toilet.

Speaker 2 (29:23):
I'd go engine because if you don't have an engine,
you're never on the plane, it never takes off, and
you don't really need the toilet.

Speaker 1 (29:29):
Do you.

Speaker 2 (29:30):
Yeah, but when you've got to go, when you got
to go, you gotta go. Todd McLay, what's he reckon?
He reckoned fifteen? He reckoned twenty? Has actually got a letter?
Has he got a letter early and we can reveal
it exclusively on the program? He has he what do
you reckon. Let's ring him an ask in a couple
of moments Andrew Hoggard, the Food Minister, GE. Does that
still freak you out? Is that still a thing it does?

(29:50):
If I couldn't give the monkeys about it, I've never
been concerned about ge. But anyway, we've struck some new
rules on that and to macad you do the business
after eight as a roller King, Mike Hosking Breakfast rolls
on for Friday.

Speaker 1 (30:03):
The Breakfast Show Kiwis trust to stay in the know,
The Mike Hosking Breakfast with a Vida, Retirement Communities, Life
Your Way News Togstead be.

Speaker 2 (30:13):
Seven past seven, apparently, because you can never tell with
the White House the rest of the world, which is
us going to get the final tariff number sometime between
down four o'clock this afternoon. Numbers have flown all week,
of course, fifty for Brazil, twenty five for India, nineteen
for Indonesia, fifteen to the EU. Todd McLay Trade ministers
with us. Good morning, Mike, good morning. As you sit
here this Friday morning, do you know what tomorrow's number
for US?

Speaker 8 (30:33):
Is?

Speaker 10 (30:34):
No? No, we don't at all.

Speaker 20 (30:36):
I mean, the only real information we have is the
same as everyone else in New Zealand. What's filtering through
the world's news media. I wake up this morning and
see that they may have done something else quite punitive
against Canada. So unfortunately, it's a bit of a wait
and see. But indications are that there could be fifteen
percent coming across the board for everybody in the world,

(30:58):
that's a minimum. But you know, it's an anxious time
for some of her exporters. I guess there's so much uncertainty.

Speaker 2 (31:04):
Indeed, there is also an indication it could be twenty
do you rule that out?

Speaker 20 (31:08):
Well, well, we don't know. I was saying to some
of the media yesterday that you know, we've been engaging
with this ongoing conversations, you know, me at my level,
with my counterpart there, it's been extremely constructive. Our embassy
is talking all the time. But you know, it's not sure.
I think, you know, think about Australia. They've got a
trade deal with America and now I understand it exactly

(31:29):
the same position. Well, I guess it will unfold through
the media once again.

Speaker 2 (31:32):
Yeah, but the problem is this. David Seymour, we had
on the program earlier this week. He seemed to take
the look it is, it is what it is. They're
the government of America. They can do whatever they want.
Is that true? And if it is, how do you
debtail that with what Luxon said, And that is, we
don't want to be materially worse off than anyone else,
which we may well be.

Speaker 20 (31:51):
Well, well, it'd be materially worse off if others have
a lower tariffright, So at the moment we said at
ten percent, which is the floor. In my meeting with
jameson Grere, who's my counterpart, he said, that's the new floor.
If that floor goes up, but it's just going to
be harmful for New Zealand because tariffs are not good.
But we're no less competitive than anybody else. If others

(32:12):
are below that, whatever the new rate is, then it
would be hard. What we are seeing from our exporters
is in some cases more demand. They're selling more. Many
have just passed that tariff on, so it means higher
prices for the US. Others are actually saying, well, I
think Europe's a bit of market. There's more certainly, and
we're getting better prices, so they are adjusting. But might
I want to be clear you know, tariff rates and

(32:33):
escalation is not good for the world's anonomy, and ultimately
it's not good for consuming.

Speaker 2 (32:38):
And the reason I asked the question though, if it's
twenty there are countries who are materially better, there are
countries with fifteens and nineteens we lose. What do you
do about that if that's the case.

Speaker 20 (32:48):
Yeah, that's right, Well we will engage and I'll get
up there fairly quickly. Jermas and Grera invited me up,
but he did say come up later in the year.
He said, we've got a lot of negotiations with countries
who we're going to We have higher tariff rates twenty thirty,
forty percent, and we're moving through those. I guess we're
starting to see deals announced, but there's just not a
lot of detail. I mean, you take the European Union one,

(33:09):
where you know they've said the US has said it's
fifteen percent going in and they've got zero going to
the European Union.

Speaker 10 (33:15):
Well they US come out and said.

Speaker 20 (33:16):
No, that's not the case a deal at all. So
unfortunately for our exports, in fact it's the world exporters,
there's going to remain some uncertainty However, there's a couple
of bright spots we're seeing in Chris demand for a
lot of these products out of Southeast Asia, certainly China.
Our exports to the EU went up a billion dollars
last year. This is this is a product that we

(33:37):
would normally put into the EU. So you know, whilst
there's uncertainty there in the US, and I think that's
going to go on for some time, we are thing
strong demand and certainly in other markets, and now our
exporters and nimble they are adjusting.

Speaker 2 (33:50):
All right, Todd, go well, Todd McClay, Trade minister this morning,
Mike likely to see exports of the US subject of
fifteen I think fifteen. I think fifteen's about it. Maybe
twenty five for steel, a number that's not a major
because we don't do a lot of that. Fifteen, Mike,
would be the reciprocal for the fifteen percent GST probably
the best we can expect that that would be taken
into account by the US Balance of trade. Also, of course, anyway,

(34:13):
why is New Zealand waiting we should have negotiated our
trade deal. Well, the answer to that is, no one
in America gives the monkeys about US so I don't
know if you realize about that. I doubt that Trump
knows anything about New Zealand and beyond lydia Co and
Bob Charles, they're not interested in cutting a deal with
a country like US specifically, and that's why they blumped
us and with the rest of the world. I mean, hell,
Australia doesn't even have a deal. It's eleven past sevenski right,

(34:37):
A not an idea that's been reheated with a briefing
paper suggesting that NCEA, which is about to get some upheaval,
of course, has failed to provide clear pathways into the trades.
Doctor Sandra Grays the Tertiary Education Union National Secretary and
is with us. Very good morning to you, Sandra.

Speaker 21 (34:51):
Good morning Mike.

Speaker 2 (34:51):
Have you got a view generally on NCEEA and its
suitability and how well it's served us.

Speaker 21 (34:57):
I think that a lot of people I said it's
time to review, but that really needs to be done
very very carefully and making sure that teachers and students
are at the heart of that review. There's no doubt
that all systems it can be tweaked and made better.
There are some really good things about NCA. There are

(35:18):
some things now that clearly people need to look at
and people need to consider how we stop some of
the aberrant parts of the system getting through.

Speaker 2 (35:28):
And as the trades thing an NCEEA problem or just
a trades thing. In other words, we've always treated trades
fairly poorly, doesn't matter what sort of system we're running
in the classroom.

Speaker 10 (35:37):
Look.

Speaker 21 (35:38):
New Zealand does unfortunately have quite a bad attitude towards
trades and vocational education. We have this idea that if
you push everybody into the academic and into universities, we're
going to get higher wages, You're going to get a
better life outcome. So you know, this is a system
wide problem. We don't take vocational education seriously and we

(36:01):
really don't talk to kids early enough about the many
parts that you can take in your life and the
many vocations you can go into.

Speaker 2 (36:09):
Is that the school's job or is that the industry
the various industries jobs to get into schools and go
Have you thought about the million different things you can
do as an engineer, for example, I think.

Speaker 21 (36:19):
One of the things that we have seen in the
system over the last few years is great a collaboration
between actually tertiary providers and secondary schools with things like
Gateway and Star programs, and these are ones where kids
who have a real talent for vocational education go and
spit it a bit of time in the workshops instead
up on the politics. If we could encourage more of

(36:40):
that so they can get a taste of how great
it can be to go into one of those many professions.
I mean everything from nursing, which is a vocation, through
to being an engineer or being a mechanic or a barista.
If you don't know what it's like, if you haven't
got a clue, why would you pick it is your
future career. I mean even something like you do Mike

(37:02):
and Journal, radio engineering and sound engineering. Most schools don't
have the capacity to show kids what it's like. So
we need actually a system that's coherent and works really
well and really does give kids those tasters how great
it can be.

Speaker 2 (37:20):
Very well said, have a good weekend. Sandra gra Tertiary
Education Union Gateways winner. Our youngest went to a Gateway
program and learned from that Gateway program that what she
thought she wanted to do, she didn't. When she did it,
she didn't like it, and so she's moved in a
completely different direction. Elbow moved in a massive way yesterday
in Australia in debt relief for students. Speaking of schools
and education, he wrote off sixteen billion dollars worth of

(37:41):
student loans.

Speaker 10 (37:41):
More on that.

Speaker 2 (37:42):
Shortly fourteen past the.

Speaker 1 (37:44):
Mike asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks.

Speaker 2 (37:49):
At b weanting Mike, plenty of train layers with ranges
and big houses through that. It is seventeen past seven.
FBI or expanding as you know. Cash Bettel was in
the Capitol yesterday cutting a ribbon strinthening our five Eyes
partnership bolstering the defenses against China. Jeffrey Miller's International Geopolitical
Landalists back with U. Jeffrey, good morning. See with this
or not?

Speaker 10 (38:10):
Oh?

Speaker 2 (38:10):
I got to turn him on. My apologies, Jeffrey, how
are you good morning?

Speaker 10 (38:14):
Mate?

Speaker 2 (38:15):
Good?

Speaker 6 (38:15):
Is this real?

Speaker 10 (38:16):
I mean?

Speaker 2 (38:16):
Or is this just the door with a sign on
it that says the FBI is in town? Are they
actually got some cops in there doing some stuff?

Speaker 22 (38:23):
I think what's interesting here, Mike is the framing. I mean,
it's not new for a FBI director to visit New Zealand.
James Comey remember him visited New Zealand back in twenty
sixteen and twenty seventeen, and they actually opened a sub
office back then, which was effectively a branch office out
of the office in Candra. But what is different this
time is that cash Bite's openly saying this is about

(38:43):
countering the Chinese Communist Party and the Endo Pacific that
those are the first firds that he used when he
gave his video message about why he was here. And
I think it's somewhat uncomfortable to the New Zealand sign.
But you have to wonder about the politics of all
of this, whether some dealer is also being done. Given
today as deadline day for the tariffs, we're hosting a visit.

Speaker 2 (39:02):
I can here we go and join me, are you,
Jeffrey You're going to say open up a new office
and we'll give you twelve percent, not fifteen.

Speaker 22 (39:10):
You have to remember Donald Trump is the is the
deal maker in Pieve yep. So you know everything is
on the table when it comes to the Trump administration.
I wouldn't put it past them. And of course these
words from cash Battal about China have clearly irritated the
Chinese Embassy and Wellington. They put it out of statement
last night condemning what they call a groundless assertions and

(39:31):
vilification of China. So it's certainly roughle feathers, and it's
a very interesting one.

Speaker 2 (39:35):
We are such in such a tricky spot, aren't we.
We love the Chinese because we've got you know, forty
billion dollars worth of two way with them, but you know,
when cash comes to town and Donald's doing I mean,
we don't know what we're doing. We're looking one way
and the other wad. We're sort of stuck, aren't we.

Speaker 22 (39:49):
Indeed, trying to threat the needle constantly, and it's a
it's a really tricky battle if you're the government right now.
Of course, Christopher Luxon had that very successful visit to
China back in June, had meetings with Ji jimping with
Bu Chang the premiere. All went well, and very much
trying to keep things on an even keel with China,
which is remember the New Zealand's biggest trading partner and
still around a third of our exports go to China

(40:11):
every year and that is what is really propelling the
economy at the moment. The rise and the export trade,
and a huge amount of that is going to China,
all the meat and dairy exports. So Christopher Luxen is
loath to do anything to upset the apple cut when
it comes to that. But yet he has to also
remember what the United States wants of New Zealand because
New Zealand is trying to keep on good terms with

(40:33):
the Trump administration, and when you look at the whole
games with tariff, that's very much in play.

Speaker 2 (40:38):
Exactly, have a good week in Jeffreyjeffrey Miller geopolitical analys Mike,
I meant rain drovers not rangers. Yes, no, And I
know you meant rain rovers not an idiot.

Speaker 6 (40:46):
Yes.

Speaker 2 (40:47):
Yesterday, very baden Esque. His first law passed since his
successful election campaign, Elbow Australia student loans have been cut
by twenty percent, wiping more than sixteen billion Australian off
the three million people. He promised it during the election
campaign because millennials and gen z has made up forty
three percent of the eighteen million people. And rolled the
boat and he thought, what do they need? He said,

(41:08):
they need debt relief and he gave it to them.
An average of twenty seven thousand dollars would have five
and a half thousand dollars wiped off backdated to the
beginning of June, also raising the minimum repayment threshold from
an income of fifty four thousand and two sixty seven thousand.
He doesn't have the money to do that, of course,
but doesn't stop a politician.

Speaker 1 (41:26):
Seven twenty one, The Mike Asking Breakfast Full Show podcast
on iHeartRadio part by News Talk.

Speaker 2 (41:35):
Zep now later Samsung Galaxy Tech just landed at Harvey Norman.
So if you're into the top tech, check out the
grab the new slim line and light Samsung Galaxy Z
Fold seven outright, and Harvey normally going to throw in
a brand new Galaxy Watch eight that's worth six forty nine,
Or if you're after something more pocket friendly, you pick

(41:55):
up the new Galaxy Z Flip seven or the Flip
seven fe outright. Neil Score up to a three hundred
dollars Harvey Norman bonus gift card. If you're among the
first eight hundred and fifty to buy, you can get
another up to four hundred dollars in gift cards from
Harvey Norman as well. Boy and if it's the Galaxy
Watch eight or the Watch eight Classic year after you
can get up to one hundred and fifty dollars back
in gift cards as well, So just head up those

(42:17):
bonus gift cards and they're valid by the way, for
two months. So gett into Harvey Norman Today. Terms and
conditions apply, but see and store an online for details
and deals at Harvey Norman Lasky seven twenty four. Time
now to make the week little piece of news and
current events. It's as popular as your brand new tariff
is imposed by Donald Trumpez of today. Enjoy every one
of them. Yes, speaking of which August six, is it

(42:41):
just me? Or is this you moving at pace? I
mean where did seven months go? Are the recovery? For yes,
by August the recovery was supposed to be here. The
Greenshits were supposed to have flourish stuff was supposed to
be better. Ah pay wave charge ban six not perfect,
but a practical move that should help building supplies six
not per I think that a house should be cheaper.
Kiew we bank six half a billion might help, But

(43:03):
don't hold your breath. If both of us who say
the competition between banks already exists, all it might end
up doing is showing the willis theory as a nicoler
is a theory. Bank lending and switching though seven a
lot of new lending and record amount of switching going
on in June. Isn't that called done? What's that called?
That's competition? Zelenski two much around with the corruption officers,

(43:26):
got himself as first public protest last weekend for his
troubles and enraged Europe and doing so. Who are now withholding?

Speaker 10 (43:31):
Eight?

Speaker 2 (43:32):
Is that as big as cock up in the war
or what government board fees? Four? I mean a classic
example of no matter how logical it was, it was
always going to have image issues, wasn't it? Road cone
funding seven? More stick than carrot? And that's exactly what
councils need. Publishing of council stats yesterday on spending six,
more pressure from central government exactly what councils need. Are

(43:53):
the worry is seven? See a loss to the Titans
and we lose Fisher Harris as well. If you're a doubter,
there's a bit of material there for you to angst over.
But I am still a believer and this says sold
out tonight for the Dolphins. Rob Penny seven, Glad he's back,
and why not one bad year one great year. You'd
want another dose of the great, wouldn't you? For goodness sake?

(44:13):
Egg law four, I mean kids collecting eggs Allegedly it's
an issue and needs reform, which is just as well
given there's like nothing else going on as there are
the geothermal draft Plan eight. Now, this is progress, this
is risk taking, this is visionary. It's tapping into what
we're good at and running with it more please, Shane Jones, speaking.

Speaker 18 (44:33):
Of we J eight a lot of what I'm doing
at the moment as an active penance.

Speaker 2 (44:36):
Move of the week, had a couple of glasses of
red turned his phone off. Mister the alerts. Now, that's
a plan and that's the weak Copies on the website
and by the way, copies of this will be widely
available in the New Air New Zealand Koru lounges black
and white for the ordinary Air points holder, in full
color in the business section. Faskyme, Mike, all our kids
have worked hard to pay off their student loans. If
in New Zealand a debt write off was considered, they
would feel seriously agree, Peter, that's the downside of it.

(44:58):
All biden faced elbow will face it if you do
the right thing by yourself, graduate pay your loan down.
And then a few years later the politician of the
day goes suddenly, Hey, guess what I've got for you?
Free money I don't have anyway. You have every right
to feel a grieved Mike. Next time you have Sky on,
please ask why international crickets no longer included. They call
themselves the home of sport, but no England v India

(45:20):
or the black Caps. It's competition. They got out bid
or they weren't interested one or the other. I mean
the cricket Ins and barbe is On. I think three
have got it at the moment, and Spark has had.
It's competition. You bid for it. If you when the bid,
you get it. I mean, Sky doesn't own everything news
for you.

Speaker 1 (45:33):
Next it's your source of breaking news, challenging opinion and
honored backs. The Mike Hosking Breakfast with the land Rover Discovery.
Never stop discovering news, tog Dad be like my.

Speaker 2 (45:45):
Senior electrician six plus years tradesman earned ninety three six
hundred parandum with overtime generally something around one hundred and
twenty three thousand, and they work hard. I'm sick to
death of hearing about the bloody nurses and the school
teacher as well. I mean, it's not the nurses and
school teacher. It's mainly the unions, right, The trades are
the answer for many, many people. And the number of
people who sit at university. And I discover this again
over the last handful of years with the kids who've

(46:07):
gone through university, youngest one still at university. The number
of people sitting at university is doing a b com
for no particular reason is ridiculous. And it's just this thing,
this vibe that when you go to school, you must
go to university because if you go to university, good
things will happen to you. If you're going to be
a doctor or a lawyer or something very specific, of
course it will. But if you're just in that kind

(46:28):
of well, I'm not sure what I'm going to do.
I might as well park myself for three or four
years and run up some debt. Where does it lead
nowhere particularly good? The number of kids I can show
you these days who have popped out with their BA
and have got nowhere. You know, this is just our
personal experience, it's not necessarily the answer. The guy's name
I've forgotten, but who's the head of the universities, and
he's in the universities. He's on the program fairly regularly.

(46:50):
He says, if you're on a pathway, if you've got
a plan universities for you, if you're just wandering aimlessly
through life, then it probably isn't and therefore trades can
be a fantastic option. Twenty two to eight. So blown
away by that, Glenn was just going.

Speaker 19 (47:08):
Oh, I'm just worrying about That's that up. I was
just thinking about the guests we had on before. He
was talking about all the kids who want to be
like Mike Hosking and do nothing wrong with Mike ho.
I'm just not quite sure what training's involved and the.

Speaker 2 (47:20):
Zero training, and it's different these days, but the zero
put the needle back down on the records. When you're
there with twenty two minutes away from eight. Hard to
believe we're number one at times, isn't? How did that happen?
We have movement in the genetically modified food sector space.
Government's given the green light to new rules and definitions
food producer using new breeding techniques, including gene editing, but

(47:44):
without foreigner you know, won't need a genetically modified label
in the supermarket. Andrew hoggot as the Minister of Food
and Well, it's Andrew, very good morning to you.

Speaker 14 (47:52):
Good morning Mike.

Speaker 2 (47:52):
Now, this line's up with Australia, right, Yes, this is.

Speaker 14 (47:56):
Part of the cisines work Food Safety Australia New Zealand
and there was a proposal to change the labeling requirements
to ensure that the labeling requirements were in line with
the Australian legislation and the scene to be New Zealand legislation.

Speaker 2 (48:12):
Are we happy with that or of because we want
to be in sync so we don't have a whole
lot of you know, misunderstanding going on. Are we happy
with what they've got and what they've given us and
what we've agreed to or would we could we have
done something completely different?

Speaker 14 (48:26):
No, No, I'm pretty comfortable with this that the lines
up with where we're gained in terms of legislation. That
makes you know, it's simple to understand thing for producers
of food. You know, if there's no novel DNA in
this food, then you don't have to put a genetically
modified label on it and save some costs. So you know,

(48:47):
as far as I'm concerned, it's pretty straightforward and sensible.

Speaker 2 (48:50):
How controversial's gee these days? Has it settled down or not?

Speaker 14 (48:54):
Look, there's still a lot of concern from some people,
and you know it's you know, get the odd quite
a few letters coming through of people who are really
opposed to it, and letters.

Speaker 2 (49:07):
From the same people over and over again with scrrelly handwriting.
Or are they different?

Speaker 14 (49:12):
There's a fear that are written in capitals in bold
but genderly. You know, there's a fair that are different.
But I guess I'd just say to these people, we're
not taking away your choice. If you don't want to
consume this stuff, if you don't want to partake, then
there will be options out there for you. You know,
I do get a lot of other letters from people

(49:32):
wanting all sorts of stuff put on labels for everything,
and end of the day, you know, we just not
only have the minimum beer on the labels in terms
of what you need for real safety information, because putting
all this other stuff on just adds to cost and
a sparison are where everyone's worried about the cost of food.

Speaker 2 (49:51):
Is there anything actually out there at the moment, if
I only do the supermarket this morning, can I find
something genetically engineered or not?

Speaker 6 (49:59):
Not?

Speaker 14 (50:00):
In terms of in terms of gene editing, there's probably
very few products that are on the market. I know,
you know there are genetically modified really no niche ingredients
that may go into various foods. But the way it
is because they're only a tiny little component. The whole
product doesn't need to be labeled genetically modified. So there's

(50:23):
probably a little bit out there, but not a hell
of a lot.

Speaker 2 (50:25):
So there's more for the future. Hey, have you been
following this Agra zero thing and these methane pills the
cows are going to be taking?

Speaker 14 (50:33):
Haven't caught up with the methane pills? One I bore
that appeared the Bowlus. Yes, I'm aware of the bowlers.

Speaker 2 (50:40):
Well, yeah, Bowluss's pills. I'm trying to go to an
urban market. But what I'm what I'm saying is so
you give these cows the bowlers and suddenly there are
methanees reduced by they claim seventy percent. I mean that's
a game changer, isn't it.

Speaker 10 (50:55):
Yes?

Speaker 7 (50:55):
It is.

Speaker 14 (50:56):
What I would say though, is what everyone probably doesn't
realize apart from those of us that have put a
ballus down in cow's throat, you do have to push
the animal into the headlock, close the headlock, then wrestle
with the animal eight minut's mouth up, putting the plunger
down its throat. So that's fine, I would it'll be, Yes,

(51:17):
it's potentially useful. It wouldn't be a job I would
be looking forward to doing with five hundred odd cows.
But be other technologies.

Speaker 2 (51:27):
What if you can reduce me thane by seventy percent?
Where this is where we want to be heading, isn't it?

Speaker 14 (51:33):
Oh, look there's other I think there's this and other
technologies that you know, we'll have the potential to remove
all this worrying and angst thing about methane and just
let farmers carry on with farming. Yeah, I'd probably be
there's other technologies that I think would fit better into
my farm than that one. In particular, bit each farm

(51:55):
to each farmer to their own.

Speaker 2 (51:56):
Good stuff, good insight. Andrew Hoggard, who's the Minister of Food.
You see the wrestling the cow thing I wasn't fully
aware of. So and if you got five hundred six
is right, you want to wrestle five hundred cows. But anyway,
my point being AGRA zero, we could be the first
agricultural sector in the world to gain these particular tools.
Ruminant buyer Tech is developing these slow release boulders, right,

(52:17):
and you feed it to livestock. And so this is government.
It's got a government backing because AGRA zero a bunch
of investments, money invested, and now they've got something that
they think might be a game changer.

Speaker 19 (52:28):
So you've got to wrestle the car cow and then
put a plunger down.

Speaker 2 (52:32):
Yeah, you grab the cow by the neck and you
open me I should know this. I'm from the way exactly,
and you open its mouth and then you ram the
bowlers down its throat and the cow is the guest being,
the guest being as Andrew, the guest being that the
cow's not overly keen on you doing that. And if
you do that five hundred times, that's a good day's work,
isn't it? And you deserve more than ninety three thousand

(52:53):
dollars a year.

Speaker 1 (52:54):
Sixteen to eight, the like Hosking Breakfast Full Show podcast
on radio powered by News.

Speaker 2 (53:01):
Talks, it'd be for a company called Mint Innovation. If
you haven't caught up on this, I don't know how
it worked. But nevertheless they've got part of it, got
themselves involved in an eighteen million dollar recycling program out
of Britain. So it's part of the UK government's two
and a half billion pounds So let's make that five
and a half billion New Zealand dollars Drive thirty five program,
Drive thirty five. Many they're transferring slightly but surely to

(53:21):
EV's batteries blah blah blah. Anyway, what they're looking to
do with MINT is they're going to create what they
call a closed loop domestic supply chain. So they're recycling batteries.
So they're taking old batteries out of cars and they're
extracting the lithium, the nickel and the cobalt and then
they're putting them back in for new lithium batteries. And
so at the moment they're not at scale. They've got

(53:43):
about twenty thousand tons of batteries, but it's not enough,
so they want to build, build, build, But anyway, it's
a New Zealand company that's involved in the British scheme
and they've got eighteen million dollars worth of work, so
you can't argue with that. Speaking of cars, can I
just allude you to if you're a car nut. I
discovered purely accident yesterday on YouTube, and I'm glad I'm
not banned from YouTube and living in Australia, but nevertheless,

(54:04):
I discovered on YouTube yesterday Chris Harris, who's ex top
Gear and does his own thing these days, like so
many people do on places like YouTube. He hooked up
with Verstappan and it was a really, I mean, probably
the most fascinating thing I've seen on cars in a
very very very very long period of time. And Verstappen
is as close to a robot as you could ever want,

(54:25):
but he almost sounded human at times, and so Harris
picked him up. It was all done for Ford. Ford
have got a new car out of Mustang GTD, which
is a It can go on the road, but it's
basically built for a track. I looked it up. It's
half a million dollars. I don't think you can get
one here, but in America it's three hundred and thirty
forty thousand dollars over a half million dollars. Anyway, they

(54:46):
went to the track. They drive in and old he
picked him up, He picked the steppin up in an
old Ford and they drove him to the track and
they chatted away. Anyway, the point of it was Harris
wanted to nerd him out and he wanted to talk
about the anatomy of driving, the anatomy of corners, how
you look at a corner, how he sees the corner,
how he sees the track, how he prepares, what goes
through his mind, how he got so good, how much

(55:06):
of its natural, how much of its training, how much
of it's father And if you're into that sort of thing,
you've got to be into the weeds, because it's not
a hey, what are you drinking? What's your favorite color?
It's not a beaver interview. So it's really fascinating. So
he goes round the track and the way he drives
that car blows Harris's mind, because Harris is of course
a very good driver and a professional in his own right,

(55:27):
and he was blown away. So the whole thing is
well well well worth looking up before you get on
to the Hungarian Grand Prix this weekend as well. Top
tip from me tend Away.

Speaker 1 (55:38):
The mic Hostal breakfast with Bailey's real estate news talks.

Speaker 2 (55:41):
They'd be shipping away from christ Church. Success train rolls on.
The American multinational Live Nation has Gone and bought Team
Event Now that's the company behind Electric Avenue. You know
Electric Avenue. Last timer's festival delivered the christ Jurch's biggest
visitors spend in a decade. Layton Lili's president of the
New Zealand Promoters Association and as well us late.

Speaker 18 (55:59):
In morning, Good morning, Mike, how are you today?

Speaker 2 (56:02):
Very well? Thank you? Is this a classic business movie?
Start something, you grow, hope that someone comes along and
gives you money? Is that how it works?

Speaker 10 (56:08):
All?

Speaker 2 (56:08):
This is just one of those weird things that happened.

Speaker 18 (56:11):
I think it's a sort of a happy coincidence. I mean,
I think we just have to give credit where credits due.
This festival's part of, I guess the arts renaissance and
crisis that's happened over the last decade or so, and
it's just expanded and expanded and clearly gotten on the
runway of Live Nation Have Gone. You know what, we
can add something to this festival, we can safeguarded into

(56:34):
the future and yeah, keep it going for a long
time to come and have to say. In the environment
we've had in the last few years with festivals, it's actually.

Speaker 10 (56:42):
A good thing.

Speaker 2 (56:43):
I think the New Zealander I was going to ask
you about the festival to come to that in the moment.
But Live Nation being an international does it just become
another thing a commodity as opposed to what it was,
or they can bring heft that will enhance it.

Speaker 18 (56:58):
Well, that's the million dollar question. I hope that this
very unique festival that has been born out of price
Eurch somehow keeps its local feel to it and it
doesn't just become another homogeneous international version of something that

(57:18):
Live Nation do us where. But I think what they're
going to do is they're going to put some big
financial might behind it. The biggest thing festivals have a
problem with is securing these big name acts to actually
pull the punters. And that's what Live Nation will give them.

Speaker 2 (57:33):
I guess yeah, that festival thing. So in Australia you
can't buy a festival for love nor money. Something's gone
wrong with festivals. Is that the same here or do
you need to have something in it that's different or
what's going on?

Speaker 18 (57:45):
It must be because Australia is having huge troubles with it.
Yet for the longest time England have had these run
of long running festivals and you know what, for years,
if you go back, New Zealand had major problems with festivals,
you know Sweetwaters way back when I was a child,
the Neon Picnic all went bust. But in recent years,
starting with Rhythm and Vines and that, we've managed to

(58:08):
figure it all out again.

Speaker 14 (58:10):
Yeah.

Speaker 6 (58:10):
I don't know.

Speaker 18 (58:11):
The New Zealand public must like something about America. Maybe
it's Hagley Park, it's going somewhere unique to watch great
music acts, whatever they've done, whatever, there's secret sources. It's
working and you know they obviously have got a plan
to make it get even bigger.

Speaker 2 (58:27):
Fantastic. Good on you late and appreciate it very much.
Late in Lilas, I was just trying to work out
whether I got boot electric Avenue and I can't remember
if he electric avenue. Kadie and I hosted an event
in christ Dukee a couple of years ago. I think
I might have been Christmas in the Bark or so,
I can't remember. Anyway, A couple of winers got onto
the local rag and they said, Hoskins coming to christ
duties and then we know we're going to But I

(58:47):
think my reception was reasonably good. I did get booed
at Deepak Chopra. That was a funny night. I might
say that. Till after eight o'clock. I'm just thinking about
lux and getting booed at the netball, which I don't
even know he did get booed at the nitball, to
be on, if you listened to the noise, it was
a lot of background kind yeah, yeah, yeah, like you
know what I mean, after the netball, the game's over,
I got properly booed. I mean, you know, I got

(59:09):
booed better than Lucks and got I got booed better
at Chopper, then Luxe and got boot at the Netphik
boom by Deepak. No deepact loved me. Me and Dpak
got on like a house on fire. Which was the
ironic thing because people are misinterpreting. Some people don't like me.
It just just just to give some background. Some people
don't like me, and so this got a bit carried away.
At this I was hosting an evening with Deepak Chopra

(59:32):
and I came out on stage and people started booing.
I thought, well, the hell was this is Deepak Chopper.
For God's sake, you's supposed to be spirits and loves
and be at peace with each other. And a bunch
of exactly a bunch of losers in the audience getting
all agra. In fact, I called them losers. Probably didn't
help them, that's why they're booing, sort of. And Chris

(59:52):
Khawk's be Tim Wilson after right after the news, which is.

Speaker 1 (59:56):
Next the news and the news makers, the Mic Hosking
breakfast with Bailey's real estate altogether better across residential, commercial
and rural news talks ed b.

Speaker 6 (01:00:12):
I watched the.

Speaker 2 (01:00:13):
Dance for them all names.

Speaker 11 (01:00:18):
A little promise of pure delays.

Speaker 2 (01:00:22):
You'll never get through.

Speaker 14 (01:00:23):
This is.

Speaker 2 (01:00:25):
My first R rated movie, starred this Blake. It was
an R thirteen and I snuck in and I was
only twelve, and I was petrified that I was going
to get caught. But I didn't the Revenge of Ella's Cooper,
so I didn't realize that the Ellis Cooper Group only

(01:00:45):
made seven albums before he went solo. Then in twenty
twenty one, there was a thing called Detroit Stories where
he reunited with the surviving members of the original group,
but he only reunited with them for two songs. So
the Revenge of ellis who gets the original lineup back
again for a brand new set of songs with their
original producer, who's got called Bob and working at an

(01:01:08):
old school recording studio for their first full album to
get us since the mid seventies. And this is it,
King and Welcome sixteen tracks for fifty nine minutes and
fifty eight Lauries the Week.

Speaker 1 (01:01:22):
In Review with two degrees fighting for fair for Kiwi business.

Speaker 2 (01:01:27):
I want to say he's got a two or pretty
handicapped on the golf course. He's very, very good golfer.
And we had him on the program. When did we
have him on the Programer's had a quick guess it
was a while back. And I want to say twenty
another one thing sixteen. I'm going to say twenty sixteen.
Saim Wilson's with us along with Kate Hawk's be good morning,
good good mine.

Speaker 23 (01:01:47):
Do you remember when we got people booing?

Speaker 24 (01:01:50):
Yeah, I just want to raise this booing thing because
I think booing is solo.

Speaker 10 (01:01:54):
Rent.

Speaker 24 (01:01:55):
I'm very disappointed in a Deepak Chow for audience for
booing it all because they should bills in.

Speaker 23 (01:01:59):
And also, I want to say, regarding people who hate you, then.

Speaker 6 (01:02:06):
The dog goes. Yeah, I don't like it much either.

Speaker 23 (01:02:08):
It's not including the dog, it's someone arriving at the house.

Speaker 24 (01:02:12):
Regarding people who hate you, they're usually people who don't
listen to you, don't know you, because to.

Speaker 2 (01:02:17):
Know you is to love you, to know you as
to like you a bit more than people to know
you as to not hate you quite as much. I
think they're boilers.

Speaker 6 (01:02:30):
Well you want, you want Jeremy Piven over? I mean
it was hard work, That was work, but but it
was great lasting.

Speaker 2 (01:02:37):
Let me come back to Peven in the moment? What
did I say for Cooper twenty sixteen? So nine years?
It was twenty eleven, twenty eleven. I wanted to say
twenty eleven or twenty twelve, but I didn't think I
was on the radio then, But I was, wasn't I
In fact, I was on the radio in eighteen twenty two.
So what do I say? Anyway? So now, talk talk
to me about Piven, to Tim, talk to me about
your review of Jeremy Piven.

Speaker 6 (01:02:58):
Well, I thought, okay, I gave but okay with ten
out of ten, because it was it was real. So
when you scolded him turn off your phone, He's like, oh,
the lightings and here's crap, but he still was. What
we loved about was the tension between you know, the
fake celebrity interview.

Speaker 2 (01:03:14):
Yeah, I love it.

Speaker 6 (01:03:15):
This is beautiful, life is fantastic. There was also this
counter narrative of I'm not sure about you. The lighting's
crap in here. Oh, by the way, I'm here to
sell something. I'm funny, are you though? Are you really?
It's brilliant?

Speaker 2 (01:03:27):
Okay, very nice. What's your review, Caddie, Ah, I thought of.

Speaker 23 (01:03:35):
I thought you two weren't quite on the same page.

Speaker 6 (01:03:38):
No, I weren't.

Speaker 23 (01:03:39):
I just didn't learn anything. I just didn't think he
brought anything to the table other than he chose his
parents and he thinks age is just a number.

Speaker 5 (01:03:48):
I didn't really learn.

Speaker 23 (01:03:49):
Anything more about him. I don't know that he was
conversational and convivial and chatty in a way that I
probably would have enjoyed a bit more. I he actually
brought something to the table, Kate.

Speaker 6 (01:03:59):
I reckon it was in this bases and the stuff
below what he said and the awkward gaps.

Speaker 10 (01:04:06):
Yeah.

Speaker 6 (01:04:06):
Yeah, it's like, you know, what's what's the most important
thing in radio?

Speaker 2 (01:04:12):
The gaps?

Speaker 6 (01:04:12):
Dead air?

Speaker 2 (01:04:13):
Yeah, their gaps.

Speaker 14 (01:04:14):
You got it, you got it.

Speaker 6 (01:04:15):
Asking And so when he said, you know, I'm not saying.

Speaker 2 (01:04:18):
You avoiding radio dead air, the well, here's here's there's
no dead air in this segment. What am I talking about?
The It is actually Sam's fault because we had no
we had we had him on a couple of months
ago and he struck me at the time as being
slightly eclictical weird, and I thought, so that was when

(01:04:41):
I said, so let's not get it. And I said
something like when you hear come on in, which of
course I never mean. But so Sam takes that stuff seriously.
So Sam takes this stuff seriously. And he gets them
in and he says, Jeremy Pippins coming in tomorrow, and
I why are we doing that? And he goes, because
you said when you're here, come on in. Do I
take me seriously? Anyway? Comes in the studio. He comes

(01:05:04):
in the studio and he's sitting in the studio and
he's got his headphones in and I'm out doing doing
doing other stuff, and I come into the studio. And
I walk into the studio and I go Jeremy Peven,
thinking he'll say something like my casking, you know, and
off we go. He looks up from his whatever he's
listening to on the phone. He goes yes, and I

(01:05:25):
good Mike Costing and he goes hello, And then he said,
I said, what are you tuned into something? He goes
an endless loops, just an endless loop of music. It's
just an endless loop of music. And I'm thinking, okay,
you're like cuckoo anyway I thought he was.

Speaker 10 (01:05:45):
I could.

Speaker 2 (01:05:45):
I cannot work him as one of those rare things.
I can't work out as to whether he was bantering
with me and he's genuinely that's just his sense of humor, right,
and or whether he hates me and he hated the interview.
He walked out of the interview. He said, that's the
worst end of you I've ever done. He walks out
of the studio, and I'm thinking, which it wasn't, because
I didn't think, you know what I mean. It's like,

(01:06:05):
I don't know, he's not.

Speaker 25 (01:06:06):
That's certainly not the worst interview you've ever done. It's weird,
say that well, well, it's it's just demeanor, though it was.
It was the affable at least, or very affable, very likable,
very likable.

Speaker 2 (01:06:20):
We're sitting there chatting away. I'll tell you the funniest
part in just a moment.

Speaker 1 (01:06:23):
Thirteen past eight, the Mic Hosking Breakfast Full Show podcast
on iHeartRadio powered by News.

Speaker 2 (01:06:30):
Talks B News Talks sixteen past eight a.

Speaker 1 (01:06:34):
Week in review with two degrees bringing smart business solutions
to the table.

Speaker 2 (01:06:38):
Jim Wilson, Kate Hawksby the best part of it was
that he handed me He's got this thing about Joe Parker, right,
and he was going to be at a show last night,
Joe Parker, and as he had Asanya and I didn't
believe him anyway, So he goes and hands me his phone.
He turns his phone on, he hands me his phone
to show me the Joe Parker texts. And it's only

(01:06:59):
after that and I thought, an unusual thing for you
to do, to hand me the phone, because sure enough
people get nervous around phones. And as soon as he
handed me the phone and I started looking at the text.
Of course, what would many a hosts do?

Speaker 6 (01:07:15):
Yeah, yeah, well look for the other stuff, right, But
there's that.

Speaker 19 (01:07:17):
One of those entertaining side.

Speaker 2 (01:07:18):
It was one of those entertaining silences. See, I think
you're wrong. No, I think I think you're wrong there
till I don't think entertaining silences work at all. Anyways.
Of course, if you watch the video, you can see
it in his face. He suddenly realizes he's handed his
phone over to what he clearly assumes is some crazed idiot,
and he needs to be desperate to get back the phone,

(01:07:40):
so heleaps up and he grabs the phone off me.
It was the weirdest thing anyway.

Speaker 23 (01:07:43):
That's I also think that just just maybe to give
him a tiny bit of credit.

Speaker 24 (01:07:47):
I think often, especially Americans, they don't realize how quick
the interviewers, and especially if they come into the studio,
they're sort of thinking, I've come all into the studio,
I'm sitting down, the lights are on, I'm here for
half an hour or just ease into it, and they're
just sort of starting you go, okay, thanks very much.

Speaker 2 (01:08:01):
And it could it could be a little it could
be a little bit podcast. You couldn't Most people think
the whole thing is going to last an how when
it's really only going to be seven minutes now. Exciting
news for you. Katie's pickleball league was launched this week.
The pickleball league was launched this week. Do you want
to join?

Speaker 23 (01:08:19):
No, you can't join. There's a waitlist and what No? No,
so he's permanently injured.

Speaker 2 (01:08:28):
That's true. I don't want to add to that.

Speaker 6 (01:08:29):
Hey, listen, let's hey, hey, hey, hey, hey, pull that back.
I'm getting the splint off on Tuesday. I should be fine.
Are you what?

Speaker 2 (01:08:35):
What hands the splint on? Is it your pickleballs?

Speaker 14 (01:08:38):
On my right?

Speaker 6 (01:08:39):
It's I'm very ambidextra.

Speaker 2 (01:08:44):
The problem, Katie, is if I could be And I
don't mean to criticize you, and God bless you for
launching a pickleball league, but to launch it in winter
is troublesome, isn't it.

Speaker 23 (01:08:53):
Well we're reviewing that.

Speaker 6 (01:08:55):
Well, apparently there's a weight list though I can't get in.
Or is there list? They just told want me to
come along?

Speaker 2 (01:09:01):
Is that because it's raining, I'll join you to the
wait list?

Speaker 23 (01:09:05):
No, no problems is.

Speaker 2 (01:09:07):
The wait list? Can you blackball somebody you know? Does
the committee meet and they go, well, Sharon's next up
on the list. Do we like sharing in your black
ball no no.

Speaker 23 (01:09:15):
No blackballing first and first served, no problems.

Speaker 2 (01:09:18):
Glenn said to me this week, Visa be the payway chargers.
He said, I don't can't believe that. You said, so
the business where you stick your card into the slot
and you don't get charged. I didn't know that. He said, what,
I can't believe you said that out loud.

Speaker 23 (01:09:37):
That's right, I couldn't believe it either. I'm with Glenn.
It's so embarrassing most of what you say out loud.
You and also sex embarrassing being with you in.

Speaker 24 (01:09:44):
Shops because you just tat and go and you don't
even know they could have put ten million dollars there.

Speaker 6 (01:09:50):
You never know how much he taps and goes. Or
he says, can I do crypto? And that's that's exactly
even more embarrassed. So I think put it.

Speaker 23 (01:10:00):
Put it, and he's like, I don't understand it's but.

Speaker 6 (01:10:04):
This is but this is perfect, this is like, this
is why you those who can insert it, it's brilliant
because everyone who doesn't. It's a laziness tax, it's a
stupidity tax, it's a it's a.

Speaker 19 (01:10:17):
Well and it's technology and it shouldn't cost any more
than all the other technology.

Speaker 2 (01:10:23):
Yeah, but that's not that that's about making money at
the end of the day. But but I think the
confusion comes from the fact if a person like me
tapp and go versus sticking it in, there's no difference
to that. Therefore, why would I stick it in? And
if I can tap and go? And if you don't
know that there's no charge with the stick it in,
and there is a charge in the tap and go,
hence you suddenly confused, don't you.

Speaker 24 (01:10:40):
The coolest retailers go, hey, there's a surcharge. Often they'll say,
don't you know why reward the banks? There's a surcharge,
so why don't you stick it in? And and they
give you that, which I always appreciate because I never
want to do the searcharge because why would we want
to make the banks agree more?

Speaker 2 (01:10:54):
But am I right in saying Katie? In the country,
there's not a lot of payWave about the place.

Speaker 23 (01:11:00):
Everywhere. What are you talking about?

Speaker 6 (01:11:01):
When you go into there's not a lot of fop
Like I went we were we went to a chop
and it's like there's no there's there's no f poss
so I actually had to borrow cash off a mate
to buy a couple of shirts. I loved it.

Speaker 2 (01:11:17):
There's no how are they supposed to do business?

Speaker 6 (01:11:22):
They had they had a lot of they had a lot.

Speaker 10 (01:11:25):
Of inventory, let's put it that way.

Speaker 2 (01:11:27):
I'm not surprised.

Speaker 7 (01:11:28):
No.

Speaker 2 (01:11:28):
My point being in the country, a lot of people
don't pay the payWave charges in terms of the retailers,
so as they say no f post or no payWave.
Haven't you seen that when the shops in the country.

Speaker 23 (01:11:38):
Oh you're talking about? Really, that's what the country is?
The country New Zealand's like in the front.

Speaker 10 (01:11:46):
What clan are you on?

Speaker 23 (01:11:48):
Sorry?

Speaker 6 (01:11:49):
And this is and this is how the magic works
between Mike and Cakes.

Speaker 23 (01:11:52):
You're me pivns.

Speaker 7 (01:11:53):
This is like.

Speaker 2 (01:11:59):
He's probably listening to this now post a show last
night wondering what the hell is talking to as mad
as you're going see, I told you, guys, guys are
clown nice.

Speaker 6 (01:12:11):
We're brilliant.

Speaker 19 (01:12:12):
He's saying my strategy work brilliantly that I'm giving getting
almost as much your time.

Speaker 2 (01:12:16):
That's too days. It's probably true. Well done, n It's
nice to see you guys. Have a good week. In
kat hawksbeat Tim Wilson eight twenty two.

Speaker 1 (01:12:23):
The my Hosking Breakfast with Vida, Retirement Communities, News, togs,
heead b Now.

Speaker 2 (01:12:29):
If you want to celebrate savings, the Chemists Wharehouse place
for you, go and store. Do it online if you
like massive range of winter deals on Vitamin's, cosmetic skin care,
fragrances and a whole lot more. Got the THROUGHI of
Face cleans arrange starting for just ten dollars and twelve
cents Chemists Warehouse. You can stay fresh with the Rick's
Owner Whole Body Deodorant two hundred and thirty MILS twenty
one ninety nine remove up to one hundred percent more

(01:12:49):
plaque than a regular toothbrush. That's with the Oral Bio
Series two Power tooth Brushes ninety nine ninety nine. Brightened
the old skin with Doctor Lewin's Ultra R four Collagen
Surge only forty eight ninety nine. Unbelievable Chemist Warehouse catalog
deals They've got to win thirteen August and we are
in August already, so get over to the Chemist Warehouse.
In addition, by the way to visiting the local Chemist

(01:13:10):
Warehouse store, you can always order online, click and collect
save time or choose fast same day delivery teas and
season charges may apply, So celebrate savings. This went to
head on over to chemist Warehouse Great Savings every Day,
asking re launching the Presidential Fitness Test. This is a
fitness test for kids in schools, not a test for
the president of the day. And he's surrounded by j

(01:13:32):
d and he's got Harrison Buckner there. But is it
but Butner? Butker? Who's the Kansas City Chiefs kicker? He's there?
And is it triple H or double H's triple Triple
H is the wrestler his son? So sound like you
know about it as much about it Sun's double H.
I know about Buttker, but triple H. I didn't know

(01:13:52):
anything about anyway. Surrounded by jocks, and he's telling them
how good looking they are and how far they kick
and how strong they are, and they're going to all
get their presidential things.

Speaker 19 (01:14:00):
They all seem to be the best in the world
at this their respective sports exactly.

Speaker 2 (01:14:04):
Because he's the best in the world of being a president.
We all know that. For goodness sake, I'm sure he
said that several times. By the way, very good piece
in the Herald. If you haven't seen It by Liam Napier.
Speaking of Sport Joe Parker. He comes to the conclusion
that Parker, despite the fact they've got a thirty day
negotiation period for Usick, it isn't going to happen, and
it isn't going to happen, and Parker is never going
to get a shot at Usick to be the world

(01:14:26):
champion because Yusick's got the WBA, wbcib F and the WBA,
so it would be all and it would be one
of the great fights. But the Saudis don't like Parker.
He's not a name, he's not he doesn't pay the
bills and therefore he's never going to get the opportunity
to fight. So read the rationale, read the detail behind
it because it's materially important because Joe Parker, you could
argue and I do, deserves a shot at the biggest

(01:14:48):
prize in boxing. So we'll see how that unfolds. But
well worth reading if you want to news. In a
couple of moments in the Mighty Murray olds out of
Australia Force, the only.

Speaker 1 (01:14:58):
Report you need to start your day, So Mike casting
Breakfast with Vita, Retirement, Communities, Life Your.

Speaker 2 (01:15:05):
Way a great video by Harrison for Staff and was
interested to hear for Staffin's view on front wheel drive
vehicles the worst thing ever, Love them or hater? Max
is a truly remarkable driver.

Speaker 10 (01:15:15):
Yes he is.

Speaker 2 (01:15:16):
YouTube Harris for Staff and Mike. How good's that insight
into his brilliance? Five laps to max limit? That's true.
There's a very good part of it where where they go,
how how long before you're at the max? When you
hit a track, he goes five laps maximum And his
father taught him that. And when they were go karting
as kids, they used to practice. So that started polled,
and that start at fifth and it would be two
lap races. They'd say, you've got two laps. What are

(01:15:38):
you going to do to get from third to first?
What are you going to do from fifth to third?
How are you going to do that? So it's a
fascinating insight. So if you missed the story before, Chris
Harris and Max with Staff and you'll find it on YouTube.
Twenty three minutes away from nine.

Speaker 16 (01:15:50):
International Correspondence with Ends and Eye Insurance, Peace of Mind
for New Zealand Business, The.

Speaker 2 (01:15:56):
Great, the Wonderful, the One and Only is amongst us
Murray Olds, how are you.

Speaker 10 (01:16:02):
Well?

Speaker 11 (01:16:03):
Very good morning, Mike. Yeah, nice to speak to you, buddy,
has things good?

Speaker 2 (01:16:06):
Very good? Indeed? How was Itylia?

Speaker 11 (01:16:08):
Oh?

Speaker 10 (01:16:09):
My brother? Fantastic hot As Texas.

Speaker 11 (01:16:12):
It was like forty degrees day after day and night
time didn't get much below twenty seven twenty eight. But gee,
it's beautiful, very very busy this time of year. Of course,
normally you try to go in neither spring or autumn,
but we had to go to a wedding, so it
was it was beautiful.

Speaker 2 (01:16:28):
Beautiful Polier you into or am I making that up?

Speaker 10 (01:16:31):
That's right?

Speaker 7 (01:16:31):
No?

Speaker 10 (01:16:32):
Pool?

Speaker 11 (01:16:32):
You down to Martina Franket, Yes, yes, yes, you know
all over that Gallipoli is there. You've got Galatina, You've
got albert Abello with the truly's beautiful.

Speaker 2 (01:16:40):
Did you travel or did you just go and stay?

Speaker 10 (01:16:44):
No?

Speaker 11 (01:16:45):
No, I've just hopped on trains whizzing across the countryside,
doing three hundred k's an hour pre booking Airbnbs easy peasy.

Speaker 10 (01:16:51):
Good on you.

Speaker 2 (01:16:52):
And did did the Australian paeso serve you well? Or
did you feel the palm?

Speaker 11 (01:16:57):
The South Pacific paso does not stack up against them
at the euro.

Speaker 10 (01:17:01):
The euro you get crunched, you get crushed.

Speaker 2 (01:17:03):
It is hard work. I mean buying all those specially
handcrafted loafers that you always buy when you're in Italy.
I mean they must be hurting you by now, that's.

Speaker 10 (01:17:12):
Right, my model Ferrari exactly, go three.

Speaker 2 (01:17:15):
What are you getting today? Is A fifteen? Is it twenty?
What's going on?

Speaker 10 (01:17:20):
I don't know, and I don't think the government knows.

Speaker 11 (01:17:22):
And honestly, if you listen to some of Donald Trump's
talk this week, he doesn't know either.

Speaker 10 (01:17:27):
Fifteen twenty I might be nice. What does that mean?

Speaker 11 (01:17:31):
How can countries around the world possibly organize budgets? And
it's just ridiculous how he's blown up the whole world
trading organization.

Speaker 10 (01:17:39):
So we're waiting this afternoon. Apparently no one's going to
be exempted.

Speaker 11 (01:17:43):
I mean, India is a member of the quad right,
and Trump's belting then with some ridiculous tariff because they're
buying Russian oil.

Speaker 10 (01:17:49):
That's right, So goodness knows what Australia is going to do.

Speaker 11 (01:17:52):
I mean, the opposition over here, at the tiny little
rump that's left, is howling.

Speaker 10 (01:17:57):
You've got to go to Washington and seat Trump. What's
that going to do?

Speaker 11 (01:18:00):
What he's going to do if he walks into the
overal office is get addressing down like the South African
president got, like the Ukrainian president got. Won't achieve anything easy,
says mate, We'll be doing it our way, thanks very much.

Speaker 10 (01:18:11):
You can pipe down over the other side of the house.
So who knows, Mike.

Speaker 11 (01:18:14):
This afternoon apparently two o'clock is the deadline Australian time
for Donald Trump for whatever day it is in Washington.

Speaker 10 (01:18:21):
Then, so we'll have to wait and see.

Speaker 2 (01:18:23):
Well, we're getting ours by four o'clock this afternoon, so
it'll be two o'clock your time by it's midnight tonight
American time. Having seen all of that, I read an
article yesterday that said Trump has nominated ambassadors to fifty countries.
Australia is not one of them. Between that and Elbow
not getting a meeting, there's something about Australia that's not right,
isn't it? In the Trump White House, it doesn't feel right.

Speaker 10 (01:18:45):
It doesn't feel right.

Speaker 11 (01:18:46):
No, I mean, there's no more steadfast ally in this
part of the world, for Washington than Canberra. I mean
that's just been a fact of life for well forever,
and for Trump just to ignore that, to treat Australia
with well, disrespect, I mean, whatever word you want. I mean,
but Trump is not all, is not operating to the normal,
whatever normal looks like. There's no normal in the Trump administration.

(01:19:11):
So Australia has been there with the US all the way.
We've had the commitment to buy these ridiculous you know,
billions of dollars of the submarines will never get Australia
is home to a bunch of American operations. You've got
the submarine base and Perth, You've got the exercises every
year and Daring and it goes on and on and on,

(01:19:31):
and Australia is eight. America has a big Australia's got
a big trade surplus with America people.

Speaker 10 (01:19:39):
America's winning in that fright. But what the hell's Trump
on about?

Speaker 2 (01:19:41):
I couldn't agree more this elbow thing. I know, it
was a big promise and it was his first law
passed as a new government. I get all of that,
but wiping debt off very baden esk apart from anything else.
But a lot of people have reacted this morning by
asking me the question, and it's a fair one. What
if you're a student and you got out into the
world and you paid your debt down, then three years
later rocks up and goes ay, you a wipe your dead?
You know, I mean there's an unfairness to that, Isn't that?

Speaker 10 (01:20:04):
Well? I guess there is.

Speaker 11 (01:20:05):
You can put that argument. But equally, you know, I
mean it was an election commitment. Don't forget the overwhelming
number of young Australian's voted labor.

Speaker 10 (01:20:16):
He's honoring that election promise.

Speaker 11 (01:20:18):
And it's not just for you know, for chemistry graduates
and for law graduates and doctors. It's also for the
TAFE equivalent, the trades you know, plumbers and sparkys and whatnot.
They're also getting twenty percent wiped off their student dead.

Speaker 10 (01:20:31):
I suppose they have to have to start somewhere. And
this is the point.

Speaker 11 (01:20:34):
I mean, students who are starting their studies next year.
I mean, they won't get it either. So I guess
it's just it's an election promise that's now been honored
and they can tick that off and move on.

Speaker 2 (01:20:47):
Yeah, that's true. He promised it. So I suppose that's
what we want now This business of the social media band.
The YouTube thing interests me because I think he's in
trouble on the YouTube because that is not social media.
You don't go on YouTube to you know, break peace
people and yell at people and you know, stalk people.
You go on there to watch videos. And so I
think he's got problems there. And that's before you get
to the overarching question, which I would have thought, is

(01:21:08):
it real, can it work? Is it actually going to
be a thing that's effective?

Speaker 10 (01:21:12):
How the hell's it going to be? Police? For goodness sake,
I mean, that's the point. Let's just go back.

Speaker 11 (01:21:17):
We've got Facebook, We've got Instagram, TikTok, snapchat, x Reddit.
Even as you say YouTube or YouTube kids, I think it's.

Speaker 10 (01:21:24):
Called is going to be extent.

Speaker 11 (01:21:25):
These are all social media platforms that will be banned
for Australian children under the age of sixteen.

Speaker 10 (01:21:30):
But they've been trialing.

Speaker 11 (01:21:32):
We're in my notes here a voice a bigger pardon
face recognition technology. Here's the stat The thing could only
guess the children's ages two within eighteen months in eighty
five percent of cases. And so I mean there's old
TikTok whatever his name is. This week I mean, he's
facing fines of tens of millions of dollars if they

(01:21:53):
don't police it properly.

Speaker 10 (01:21:54):
But it just seems us about, doesn't it. It's just
it's kind.

Speaker 2 (01:21:58):
Of our we're falling allowing you. So we've made the
same sort of announcement. We're going we'd like to do
that too. But let's have a look at Australia and
the reality is, and I think most people would agree
with the idea that social media is a problem. We
need to do something about it. If we could, fantastic
but technologically we can't. So therefore, pass all the laws
you want. But if they're not enforceable, what's the point.

Speaker 10 (01:22:19):
What's the point? Indeed?

Speaker 11 (01:22:20):
I mean, look, a bunch of age checking technology is
being trialed.

Speaker 10 (01:22:26):
The one I mentioned is just the most obvious one.
It just doesn't get it right, you know, inn eighty
five percent of the cases. So where we go from
here I don't know.

Speaker 11 (01:22:34):
But as I say, fifty million dollars of the fines
up for grabs, I mean families, mums and dads and
the kids won't be fine, but the providers of these
things will be up to fifty million dollars I'll tell.

Speaker 2 (01:22:46):
You what they're going to do.

Speaker 10 (01:22:47):
Mate.

Speaker 2 (01:22:48):
Moment Zuckerberg hets a bill for fifty million dollars. You
know what he's doing is reaching down to the court
to pull it out of the wall and turn you off.
Isn't he exactly right in the end of that for
year low that inflation? Did you get a sense inflations?
You know that that debate's over now and we can
you know, we're still sort of worried about the cost
of living and prices.

Speaker 11 (01:23:06):
Well, if you listen to the Reserve Bank, you will
never get that conversation out of Martin Place here in
Sydney where the headquarters of the Reserve Bank is. But inflation,
the fact of the matter is it is it a
four year low? Inflation now hasn't been as low since
twenty twenty one. The headline rate two point one percent,
but the underlying rate, that's the one the banks look
at two point seven percent. They strip out all the

(01:23:27):
volatile stuff like fuel and whatnot. It's right there in
that Reserve Bank sweet spot. They want inflation between two
and three percent. The government, of course crowing about this,
it's a stunning results in the treasurer. But of course,
what this done has done macers heightened speculation about as
early as this month, maybe next week, we're going to
get another cut in interest rates, and then perhaps another

(01:23:49):
one before Christmas. So I mean, the psychological impact of
that cannot be under overstated. The country's been really groaning.
People out there in mortgage land have been really really struggling,
no doubt about that. So any relief will be very
very welcome. And who's going to get all the credit.
It'll be the labor government.

Speaker 2 (01:24:07):
Good on you, mate, Go well, we'll see you next week.
Appreciate it as always, Murray Olds and also reading this morning,
the median price in the House of Sydney cracked one
point as of yesterday cracked one point five million dollars fourteen.

Speaker 1 (01:24:17):
Tonight The Mic Asking Breakfast Full Show podcast on iHeartRadio
powered by News Talks.

Speaker 10 (01:24:24):
At be No Morning.

Speaker 2 (01:24:26):
Mike, I listened to you for years and respect to
your opinion about kids going into trades, and my eldest
two have been through UNI. My youngest is currently a
pre trade course, hoping to get an apprenticeship as an
electrician next year. The problem is there are no apprenticeships
going Heaps of kids do these pre trade courses but
can't get into the apprenticeship. It's a very good point
you make, and it's one of the it's one of
the it's nothing new. It's been ongoing for years. So

(01:24:46):
when the trades are booming, you can't find an apprentice.
When the trades aren't booming, they don't want to take
an apprentice on. And so it goes. And that's why
governments over the years have come up with various policies
as to you know, part pay them and if you
take apprentice on, I'll give you ten thousand dollars and
so so, you know, but they've never seen really to
have cracked it. The other one I read this week
and I can't get my head around, is that older
people are struggling to find and keep work, And I thought,

(01:25:07):
how on earth is this possible in a country we're talented. See,
there's two things going on in the employment market as
far as I can work out, and I speak from
some experience having First of all, we all know and
employments too high five point whatever a percent it is.
Maybe it's peaked at five point three, maybe it we'll
see how we go. But the other side of the
equation is you still can't get good people, so it's

(01:25:29):
sort of it's working against itself. Since twenty twenty two,
unemployment rate for those aged over forty five has increased
steadily fifty five to sixty four, historically lower unemployment rate
than those aged forty five to fifty four, but this
has changed over the last couple of years. Unemployment among
over sixty fives has now risen to above two percent
for the first time since September nineteen ninety three. So
there are people out there looking for work and that

(01:25:51):
they can't find it, can't get it. And yet there
these are generally good people, with good experience, good skills,
all of those sort of things, and I just can't
something doesn't add up as far as I'm concerned. Muhammad
once again is the most popular boy's name in Britain,
announced this morning. Now, the interesting thing about Muhammad being
number one is Muhammed has spelt three different ways. That's

(01:26:12):
m U or m o h A m m E
D or m o h A m m A D.
So you've got three Muhammad's. Mu comes in first, Ed
comes in twenty first, and Ad comes in fifty third.
So there's a lot of Mohammads in Britain. And then
that is the debate, of course, as far as women,
Olivia Amelia, Lily Eiler IV, Florence Freyer, Poppy, Ava, Elisa.

Speaker 17 (01:26:43):
An A.

Speaker 2 (01:26:44):
Don't you that seems to be second For the boys. Noah, Oliver, Arthur, Leo, George, Luca,
Theodore Oscarachi. Are those names that little hornet know? Michael
is no Michael good as a kid. I mean Lily
good as a kid, not as an adult, isn't it.
I mean, yes, Poppy for Lily Ellen. That's true good

(01:27:04):
Poppy good as a kid, not as an adult. Olivia
great name is a kid, great name as an adult.
You got to think those things through, and most of us,
of course don't because we're too excited to have the kid,
and so we just name them whatever. The hot name
of the day is eight minutes away from nine.

Speaker 1 (01:27:18):
The mate Hosking Breakfast with the Landrover, Discovery News tokstad be.

Speaker 2 (01:27:23):
Do we need to compliment you to get our text
through it out? I think you're amazing. See, wasn't that hard?

Speaker 10 (01:27:29):
Was it?

Speaker 2 (01:27:30):
Met out? My favorite company, favorite company in the world,
Meta Reality Labs. Their Reality Labs are the chain the
ball and anchor in the wider company. The second quarter loss.
Oh yes, they had three hundred and seventy million dollars
worth of sales.

Speaker 6 (01:27:45):
Is that good?

Speaker 2 (01:27:45):
Well, not when you're losing four point five three billion
for the quarter. So yeah, to get this is the glasses,
the smart glasses that I keep telling them every year,
every quarter, I tell them it's going nowhere. Give it up.
Stop trying. You're losing too much money. I mean, how
many quarters are they lost money? Every quart? Is it billions?
Every courting? Yes, it is this particular courts four point
five three billion. How many billions do you need to

(01:28:05):
lose before you work out you're on the wrong track?
Five minutes away from.

Speaker 1 (01:28:09):
Nine trending now with chemist warehouse, great savings every day.

Speaker 2 (01:28:14):
He was from the White House this morning. I don't
know if you know it, but they've paved over some
of the rose garden. He wanted a Marri Lago style patio,
so they've done that. All the gold in the Oval office.
You'll have seen all the gold in the Oval office.
I mean that's to a certain taste, of course, so
you can have your own opinion on that. Now he
wants a two hundred million dollar ballroom.

Speaker 13 (01:28:33):
So we we've been planning it for a long time.
They've wanted a barroom at the White House for.

Speaker 15 (01:28:37):
More than one hundred and fifty years, but there's.

Speaker 13 (01:28:40):
Never been a president that was good at really good.
In fact, I looked at one that we just built
in Turnbury in Scotland and it's incredible. We're good at building.
I'm good at building things, and we'll get it built
quickly and on time. It'll be beautiful, top top of
the line. It'll be built over on the east side
and it will be beautiful. It'll be views of the

(01:29:01):
Washington Monument. It wanted interfere with the current building.

Speaker 10 (01:29:03):
I won't be.

Speaker 15 (01:29:04):
It'll be.

Speaker 13 (01:29:06):
Near it, but not touching it, and peace total respect
to the existing building, which I'm the biggest fan of.

Speaker 2 (01:29:12):
It's my favorite. It's my favorite place.

Speaker 10 (01:29:14):
I love it.

Speaker 2 (01:29:15):
I haven't had a major reno since Truman was there
in fifty two. And to be fair, I've been lucky
enough to be in the White House. And when you
go to the White House, if you ever lucky enough
to go to the White House, the first thing you
think is Jesus is small. It's one of those one
of those places you think is this it? And so
I never I didn't go to the next part and
go one of where the ballroomers, but I did think

(01:29:36):
this is small. Anyway, the two hundred million dollars is
donors and Trump are going to pay for it. So
the taxpayers are going to be let off that particularly
if one this weekend. You got the Dolphins tonight, you
got the Warriors tonight, so that's exciting to get another salut.
You've got the f one over the week. It's all good,
plenty to do, lots of fun, life's good and all
that stuff. Go well, We'll see you Monday. Happy Days.

Speaker 1 (01:29:57):
For more from the mic Hosking Breakfast, listen live to
news Talks at b from six am weekdays, or follow
the podcast on iHeartRadio.

All Episodes

Episode Transcript

Popular Podcasts

Stuff You Should Know

The Joe Rogan Experience

Dateline NBC

.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Full Show Podcast: 01 August 2025

Episode Transcript

Popular Podcasts

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}Stuff You Should Know

The Joe Rogan Experience

Dateline NBC

All Episodes

Full Show Podcast: 01 August 2025

Stuff You Should Know