Full Show Podcast: 01 May 2025

Episode Transcript
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Speaker 1 (00:00):
Your source of breaking news, challenging opinion and honored facts.
The Mike Hosking Breakfast with a Veda, Retirement, Communities, Life
Your Way News, togs Head been.

Speaker 2 (00:11):
Today ferries, We've got doctors strikes, We've got deals on
ski Field to read on our housing and our economy.
Got good news from education and u Zhid and Rugby
hopefully sorted out that sponsorship. Miss are Liam Skeets and
his story on how to live your motor racing dream
and how hard that currently is. Joe's in Rome, Rod
fills in the blanks in Britain, pasking welcome to the day,

(00:31):
seven past six. I knowe the German government has weighed
in to this end of the war debate, which is
not to say the German government doesn't have a stake
in this, because as does all of Europe, I guess.
But their advice is not to take the current deal.

Speaker 3 (00:44):
Now.

Speaker 2 (00:44):
The current deal as we understand it is crime is gone.
That's based on the thinking that it got next to a
number of years ago. Anyway, no one really objected at
the time. The rest of the eastern part of Ukraine
is under dispute militarily currently most of it broadly under
Russian control, some of it under the Ukrainian control. Of
the American argument, crime eras Russia the stuff Russia currently
has as theirs. Ukraine keeps the rest. This is what

(01:05):
the Germans are not happy about. Now here's the problem.
Does Germany outside of words actually have any sway? I mean,
does anyone outside of America have any sway? Well, if
Europe by a NATO could or would step up and
fund the war, yes they do, are they though?

Speaker 4 (01:20):
No?

Speaker 2 (01:21):
So look at all the huffing and puffing that went
on when Trump first suggested a deal and that America
was out. A lot of the money type promises, a
lot of the we stand with us, but really the
cult hard truth is America has funded such a large
amount of the defense. If it goes NATO, for all
their fighting talk, don't seem up for it. If Putin
turns out to be a crook and is stringing trumping

(01:41):
along and that all gets up his nose, then I
guess all bets are off. But that aside, Trump has
been consistent he is not interested in wars, He is
not interested in much outside of America, and certainly billions
and weaponry is wasteful spending he can redirect elsewhere. So
I believe them when they say cut a deal or
we are out. The cold true that Europe and NATO
tried to hide with all their rhetoric and patriotic verbiage

(02:04):
was Ukraine doesn't have any carts. They are reliant on
a continent that is with them, but only so far,
and another continent that can't wait to pack up and
go home. Russia can hang in there forever Ukraine can't.
So Germany, chirping from the sidelines, achieves nothing.

Speaker 1 (02:21):
News of the world in ninety seconds.

Speaker 2 (02:24):
Day one oh one has not started well for Bigdonald.
The US economy went backwards in the first quart But
there's a reason for that.

Speaker 5 (02:31):
Some numbers today and I have to start off, I say,
and that's Baden, that's not Trump.

Speaker 6 (02:36):
Because we came in on January just a quarterly numbers.
We have more moneys being spent than any at any
time in the history of our country.

Speaker 2 (02:45):
Now this is all happening at another one of those
televised cabinet meetings where there seem a lot of random
thoughts for the world and not a lot of meeting anyway.
How tiny screws Lutnik. He's there talking gold visas a.

Speaker 7 (02:55):
Trump gold cart. I mean it makes me very popular.
Last night, I was out to dinner and someone came
up and said, can.

Speaker 8 (03:02):
I buy ten?

Speaker 7 (03:03):
How do I buy ten?

Speaker 9 (03:04):
And I'm like, that's pretty much.

Speaker 7 (03:05):
It's fifty million dollars for dinner, so you know, it
was paying for my dinner.

Speaker 2 (03:12):
As is Pete. Let me get this on signal for
the missus. Higgsath and his excitement out of defense spending
ripped wotness out of the military star DEI trans and
we're rebuilding a military stirve.

Speaker 8 (03:24):
The Golden Dome is well under way.

Speaker 7 (03:26):
We found nearly six billion in dose savings that we're
going to reinvest and ll have.

Speaker 8 (03:31):
As you said, sir, the first trillion dollar do as.

Speaker 2 (03:33):
Well on the way, who is he getting it from?
Walmut Meantime, on the other side of the political spectrum,
the governor of Illinois, Pritzka, he's out at one of
these town holes banging the drum.

Speaker 8 (03:42):
It's time to fight.

Speaker 6 (03:44):
Everybody has to get up, stand up, speak out, show up.
Everybody has got to stand up for not only what's
best for themselves and their families, but also their neighbors
and their friends.

Speaker 2 (03:57):
As far as the market's got a lot of results
rolling at the and the theme is a lack of
Ford guidance. GIVEBN. No one knows what the hell's are
going on. Aston as in Martin are caught up in
all of this. Is there limiting exports? You'll lose those
volumes whether you whether you decide to sell or decide
not to sell. So it makes sense not to ship
stock into the US, I would suggest. Then in Rome

(04:18):
this the cardinals who are waiting to get to the
conclave had a mess Joe's being there and she'll be
with us very shortly. Finally, one of the netherlands most
valuable paintings has been damaged by a kid. Gray Orange
on the Run number eight, which is while worth looking up.

(04:39):
It's a very good painting by Rockco, of course, was
painted in the sixties in the museum in Rotterdam. The
kid brushes against it, damages the base, which means months
of resto and the bill of tens of thousands and
painting the lid of an auction. But the Rickons worth
somewhere between fifty and sixty as a million. They might
want to think about a Rope at the museum.

Speaker 8 (04:56):
It's just thoughts.

Speaker 2 (04:57):
News of the world in ninety the number for Trump
that did like the GDP is minus zero point three,
so they're game backwards. The German economy inflation at two
point two. Economy expanded at zero point two. That was
above expectation, so the inflation a little bit hotter than
they thought. Australia's inflation two point four a little bit
hotter than they thought as well, they thought it would
be two point three. So the most significant price rises

(05:20):
in Australia housing, education, food and non alcoholic beverage is
all playing in, of course, to the election campaign.

Speaker 1 (05:26):
Twelve past six, the Mike Asking Breakfast Full Show podcast
on iHeartRadio, how It By News talks.

Speaker 2 (05:35):
Eb or China manufacturing activity film more than expected two
year low. They're at forty nine. Forty nine's contraction, so
we're not happy about that. Fifteen past six being aid
from Andrew callaher JM. I'm well, very happy to see you,
but good morning by the way down nine doesn't bring
me good vibeses Andrew.

Speaker 10 (05:55):
Oh no, Well, the world's a crazy play, though, isn't.
At Maestra and so much to cover this morning, I
let the let's.

Speaker 8 (06:01):
Get into it. You are talking about the am zaid
business outlook.

Speaker 10 (06:05):
Now, I just want to say before I get into that,
my anecdotally, so there's no science in what I'm about
to say. This is, but just there's a vibe out
there at the moment that when you're talking to people
and mixing with people, those green shoots we've been talking
about that it feels like they might be wilting a bit.

Speaker 8 (06:22):
The momentum that we thought.

Speaker 10 (06:23):
We were going to get into the second half of
the year of twenty twenty five sort of waning. And anyway,
that's the vibe I'm getting. But what are the numbers
telling us, am said business outlook. It sort of confirms that,
but it also provides some comfort that things are getting better.
So let's explain that, and maybe we can speculate here
that New Zealand is a sort of a little microcosm
of what's happening in the US at the moment, because

(06:44):
New Zealand businesses they're a little worried. So headline business
confidence has fallen nine points to plus forty nine, so
that's concerning business's own expected activity, though has not fallen
to the same degrees down one point.

Speaker 8 (06:57):
But the number we like here is what is to
past own activity. That's real. That's not a perception, it's
not a survey. It's real.

Speaker 10 (07:05):
It's up ten points. It's up from plus one to
plus eleven. That's the best indicator of GDP. So we
like that past employment lifted as well. But look what
we saw in the survey. Might is a very clear
trend within the survey. So this is for the month
of April. The early responses to the survey that came
sort of the beginning of the month are far more

(07:25):
positive than response.

Speaker 8 (07:26):
Is received later in the month.

Speaker 10 (07:28):
So the impact of global concern over tariffs becoming more
pronounced and more evident as the month progressed. And I
just want to make another sort of comment here. Do
you remember we always talked about the fact that it
comes towards the end of twenty twenty four into twenty
twenty five, confidence had lifted, but real activity hadn't caught up.

Speaker 8 (07:46):
The here and now hadn't caught up with that.

Speaker 10 (07:48):
As April sort of progressed, what we're actually seeing is
that almost switching around. So we've got some activity now,
but now we're worried about what's going to happen as
that global trade issues deepened, we got worried. And if
you think about the US China stand off, in our
exposure to both of those places, that concern does have
some justification a couple of details though. The agrisector is

(08:10):
the most confident sector as expected and inflation expectations are.

Speaker 8 (08:14):
Well anchored at two point sixty five percent.

Speaker 10 (08:17):
What we don't know, Mike, is how deep seated and
lengthy this sort of slumping confidence, how long that's going
to be so, and whether or not that sort of jump,
whether or not it jumps the gap from confidence to
actual activity.

Speaker 8 (08:29):
A lot of unknowns.

Speaker 2 (08:30):
There exactly, And that's why I know, AND's I bring
forward guidance anymore. What do we make of these numbers?
So GDP zero point three inflation, what's the read on
this US?

Speaker 10 (08:38):
Well, I don't think I've ever seen as many as
many articles and headlines about a US about a US
GDP number. But I'm just going to put a really
big caveat on the Mike. I think you have to
be very careful about interpreting some of the current data
out of the US. There's so much noise so much volatility,
you've got a great, big spanner has been thrown into
the works. You've got to be very careful. So two

(08:59):
pieces of data out overnight. This first estimate of US growth.
US economy is contracted by this measure zero point three percent,
so bit of a so that look, that looks alarming,
but it's not really a surprise. But people or businesses
react to what's happening around them. So in anticipation of
the introduction of tariffs, and at the same time might
confirming that US consumers and US important understand who pays

(09:23):
the import tariffs.

Speaker 8 (09:24):
There was a surgeon imports ahead of the start date.

Speaker 10 (09:27):
So when you calculate growth, you use a net export number,
so you take exports less imports. If you get a
whole lot of imports, you get a negative number. But
what's not clear for me and Mike, and this is
where we need to do a little bit more work,
is there should be an offset to that. You should
get inventory, so you buy stuff, you're sticking on the
shelf and you wake to sell it.

Speaker 8 (09:48):
I just need to understand a little bit more what's
happened there.

Speaker 10 (09:51):
Presumably this all reverses out as the imports fall in
the next quarter, but you get very messy outcomes for
a while.

Speaker 8 (09:59):
Couple of positives out out.

Speaker 10 (10:00):
Of the number investment numbers, private investment numbers were positive.

Speaker 8 (10:03):
Consumer spending.

Speaker 10 (10:05):
That's two thirds of the US economy that's running at
one point eight percent, So those are positive numbers within it.
So but you're going to have to look through the
next quarter as well, micause, if you think.

Speaker 8 (10:13):
About it, you've inputed a bunch of cars, you stick them.

Speaker 10 (10:16):
On the lot, they get sold through the next quarter,
so it's going to take a while. Also, an inflation
number of a night PCEE inflation that's under control, call
pc inflation zero point zero percent month a month, two
point six percent for the year. That's on expectations. But
this is going to be messy, it's going to be noisy.
A bunch of company.

Speaker 8 (10:33):
Results out as well.

Speaker 10 (10:35):
Starbucks, you know those kind of crazy, big, overpriced coffees
that may or may not have some caffeine in them,
down seven percent. There the people are running down to
Dunkin Donuts. They're not buying the Starbucks. Caterpillar, Bell Weather
Stock they miss their estimates. Share price only down one percent.
Now are you a.

Speaker 8 (10:51):
Smart watch guy, I didn't think you will. Well.

Speaker 10 (10:54):
Smart watch people out there, they tend to be Garment
Apple watches. Garment missed estimates and so their share price
down under.

Speaker 8 (11:01):
A bit of pressure.

Speaker 2 (11:03):
We'rever and Microsoft and I know, yeah, after our bill.
What are the numbers?

Speaker 10 (11:07):
Well, actually the dal Jones staging a little bit of
a bounce back. So it started off week, but now
it's only down sixty two points. It's only down zero
point one five percent for forty thousand, four hundred and
sixty four. The S and P five hundred is down,
are out forty points about point seven percent, also bouncing
back five five to two.

Speaker 11 (11:24):
Oh.

Speaker 10 (11:24):
The Nasdaq down point seven nine percent one hundred and
thirty eight points seventeen thousand, three hundred and twenty three overnight,
The Footze one hundred gained thirty one points point three seven.

Speaker 8 (11:35):
Eight four ninety four.

Speaker 10 (11:36):
The nick A was up point five seven percent thirty
six thousand and forty five. Shang Ho Cobbs had lost
seven The Aussi's yesterday gained fifty six points point sixty
nine eight one two six ten six fifty, though had
a shocker fell one percent. Key we point five nine
three five against the US point ninety two seven three,
Aussie point five two two nine, Euro point four four

(11:57):
four seven against the pound eighty four points seven sixty
yen gold three three hundred and eight dollars and oil
is a bit weaker sixty three dollars and fifteen cents.

Speaker 2 (12:06):
Wowsers have a good one see tomorrow. Andrew callaher Jmiwealth
dot Co dot m Z, Pascar, Clays Bank profits good,
but that's from yesteryear. They are preparing a range of
scenarios a ubs they came in with. I mean they
did well as well. I mean the numbers are up
and all that sort of stuff for now, which is fantastic,
but once again they don't know what the hell's going

(12:27):
on as far as fort Guidance is concerned. More in
our economy. By the way, after six thirty six twenty
two at Newstalks EDB, the.

Speaker 1 (12:37):
Mike Hosking Breakfast Full Show podcast on iHeartRadio powered by
News Talk SEDB, just.

Speaker 2 (12:44):
To give you an indication as to why the US
economy is going backwards and it'll only get worse. The
Port of Los Angeles as of next week is expecting
this is ship's booked and containers booked in a thirty
five percent drop in business out of China. Meantime. China,
and there's obviously talk going behind the scenes. They've waved
tariffs on US ethane. What's ethane? It's a byproduct of fracking,

(13:05):
and America produces a hell of a lot of ethane
and the Chinese buy it record amounts in fact, so
they've waived that. So there's obviously some negotiations going on
behind the scene, which is encouraging. Six twenty five.

Speaker 1 (13:17):
Trending now with Tim Squarehouse, you're one stuff for Mother's
Day fragrances.

Speaker 2 (13:22):
Why one of the books, Dwayne the Rock new movie
it's generating awards buzz, which you don't hear that phrase
every day? And all these donners release a single trailer.
It's called The Smashing Machine. It's inspired by a documentary
of the same name about an MMA fighter called Mark
Kerr in his career probably looking at my eyes, how'd
that happen?

Speaker 3 (13:46):
Well?

Speaker 12 (13:46):
Have you ever heard of the Ultimate Fighting Championship the UFC?

Speaker 2 (13:51):
That's the bloody thing they're trying to ban.

Speaker 13 (13:55):
Def Jack is the best, it has everything.

Speaker 2 (13:57):
Winning is the best feeling there is.

Speaker 8 (14:00):
It's forty thousand pre then they're tearing you off.

Speaker 2 (14:04):
There's no other Haylay Kittman. What do you think at
the beginning of the faith? It's simple? Am I going
to hurt him before he heards me?

Speaker 14 (14:14):
This ram?

Speaker 2 (14:15):
Free to Crome, the greatest fighter in the world. Yes,
come back from the break. Let's see if.

Speaker 8 (14:23):
There's can fly a victory.

Speaker 2 (14:24):
Obviously stars the Rock also stars Emily Blunt. Rock's been
made up in a way that you may or may
not recognize them immediately, but it's out in Cinema's October third.
By the way, a note overnight that Weimo is an
outstay deal with Toyota. Weimo the people who provide you
in San Francisco and various parts of America, not many
of them because they're still working out whether this thing works.

(14:46):
Driveraler's cars. They've done this deal with Toyota. They're going
to put it into personally owned vehicles. In other words,
you can have a driverer's car. I'm opening a book
as to and the better is simple. Will this come
to a Toyota dealer near you in our lifetime? Yes?

Speaker 14 (15:02):
Or no?

Speaker 13 (15:02):
I go no?

Speaker 2 (15:03):
What do you reckon? The odds are the news and.

Speaker 1 (15:07):
The news makers the mic Hosking breakfast with the range
Rover villa designed to intrigue and use togs ed.

Speaker 2 (15:15):
B gift declaration. I received a tray of personals this morning,
and in receiving a tray of persons, I found out
something really interesting I didn't know about persons and that
was beyond what I found out the other days, which is,
of course they're not quints. So so more and more
personal news for you. Shortly twenty three minutes away from
seven go to Rome and Joe McKenna in the moment. Meantime,
back to this business of our economy. Couple of key

(15:36):
measures here, housing and confidence both have taken a bit
of a hit in the latest day and Z data
as far as business confidence is concerned, down nine, as
we talked about with Andrew. So we're in contraction territory.
Anti Chief Economy Sharon Zolna is back with a Sharon,
good morning to you.

Speaker 9 (15:51):
Good morning do you my person monder also called Sharon Fruits?

Speaker 2 (15:55):
Didn't I didn't know that. Where'd you get that from?

Speaker 9 (15:58):
Oh, somewhere much childhood.

Speaker 4 (16:00):
Not sure whether we go I.

Speaker 2 (16:01):
Would remember it, yes, exactly a little bit of little
bit of noise around these numbers or not you're confident
with them.

Speaker 9 (16:08):
Well, we've got the normal sample size. It's always a
bit dodger when you start splitting into into smaller groups.
But so basically the story is that the business confidence
survey it fell a lot in the early in the
later months sample compared to earlier in the month. And
in between, of course, we had all the tariff noise
in the market turmoil, so the business confidence, investment intensions,

(16:32):
employment intensions really across the board all lower in the
second half of the month. So a very consistent message.
So I think I think there definitely is more than
just noise exactly.

Speaker 2 (16:43):
Which is why I asked, is there is there a
hint potentially a panic in here that might rectify itself
in a later date if things don't turn out to
be the end of the world.

Speaker 9 (16:51):
Oh, panic will be too strong, but it is absolutely
possible there's a bit of a knee jerk reaction that
might not last. So that's the real question.

Speaker 4 (16:58):
I think.

Speaker 9 (16:59):
Will is that effect decision making and will it just
affect it for a couple of weeks or will it
actually be something more lasting? So obviously the only time
will answer that question.

Speaker 2 (17:08):
Indeed, all these companies that are about this global, all
these companies that are abandoning guidance now because they have
no idea what's going on, does that make life more
difficult for us all?

Speaker 9 (17:18):
Well, so it does make it more difficult for them.
In the Zealand's case, I mean the actual direct tariff
on US ten percent on abound twelve percent of our
exports really of our goods exports. So it's not a
game changer for the economy, but for some individual companies,
of course it's it's a very big deal. But the
main channel through which and young could be affected the
flower growth and including in China of course, our biggest

(17:40):
export partner, are impacting our commodity prices and exports more generally,
but also that confidence channel that it could just be
fur just delay their investment and employment plans. So of
course we don't have to wait very long to yet
another read on that confidence channel. But I'll be looking
at particularly will that impact last, but also what we

(18:00):
start to see in the impact on what firms are
saying they're experiencing as opposed to expecting, because that's where
the rubber really hits.

Speaker 2 (18:06):
The race exactly what's your sense, what are your spidery
senses telling you? On recession and all this talk about it.

Speaker 9 (18:13):
Well, I mean, the economy is recovering, absolutely, but we
have revised down our forecast partly because of this uncertainty thing.
So it's basically recovery is going to take a bit
longer and need a bit more of support from muntary policy.
We've put a couple of extra cuts ocr cuts, and
our forecasts in our CEOs are going to two and
a half, but still recovering. Obviously, there is a scenario

(18:35):
where it turns more pair shape than that. With the
Reserve Bank here has pointed out that they're in a
very good position to cut rates quickly if they needed to,
and they are particularly compare to the Federal Reserve and
the US who's facing a very nasty trade off between
the inflationary impacts of the tariffs and the growth impacts
now here in New Zealand. Of course we haven't put
the new tariffs on, so it shouldn't be inflationary here.

(18:58):
But it was interesting in our consumer confidence we actually
saw consumers inflation expectations jumped half a percent. Is a
bit of confusion out there, but businesses inflation expectations were
steady as a rock, so I think businesses understand it.

Speaker 2 (19:12):
So that's interesting. So if you expect inflation to rise,
does it or if you just got it wrong? And
if it does in this minimal to know growth, that's
stagflation and is that real?

Speaker 9 (19:22):
As a businesses inflation expectations generally matter more than households
because they're the ones who set prices. I would say
household inflation expectations matter more if the economy is running hot,
because it would impact wage demands. For example, it would
make it easier or else equal for firms to pass
on price and cost increases into their prices. But with
the economy still in a fairly subdued state, I wouldn't

(19:42):
think that those higher consumer inflation expectations will will make
much difference to anything, and they may not last.

Speaker 2 (19:49):
Okay, do you have a view on the Willis budget
in the sense that the seems to be some debate
among economists. If she cuts radically in terms of government
expenditure that hurts an economy as opposed to priming the
pump when we need it most, is that fair or not?

Speaker 8 (20:05):
Well?

Speaker 9 (20:05):
I think as she's playing long game, a longer game anyway,
and that's you know, we are running quite structural deficits
that aren't sustainable, and so we need to do something
about that. I mean, it will be pro cyclical and
so far as you know, flowing fiscal spending while the
economy is flowing. But we didn't have to don't have
a lot of choice because we had expansionary fiscal policies

(20:25):
when the economy was booming. So this is the other
side of that. You know, the fiscal policy was unhelpful
nuntro policy in that regard, and so far as it
was adding to demand at the time, and private demand
was already very strong. So now now the cost of that,
and one of the costs of that is that we
have to have title fiscal policy in the economy all
could probably handle a bit more fiscal stimulus. But you

(20:49):
know this there we're an environment where I think there's
going to be more focus on fiscal balances, on deficits.
Our deficits, our fiscal debt is higher than it was.
It still looks pretty good in an international comparison, but
people are starting perhaps for looks for alternatives to the
traditional place of packing your money in the US government debts,

(21:11):
So if we can show them responsible fiscal numbers, then
hopefully we can get a tiny fraction of that global
money that's maybe looking to diversify, but more than previously,
and that would be a win for our text path,
wouldn't it be?

Speaker 2 (21:23):
N It's nice to talk to you, appreciate the insiders
all where Sharon's on A and Z chief economists with
us this morning, seventeen minutes away from seven Pasky contact.
I always like to read snap reported overnight they bring
in a lot of money. They're a bit worried about
advertising going forward, so everyone who invested in snap freaked out.
But Snapchat is so often us all we're on Snapchat?
Or what about Snapchat? Do you know how many global

(21:43):
active users there are on Snapchat? Four hundred and sixty million.
Think about that as the world's populations, it's about five
percent of the world. Ninety five percent of the world
is not on Snapchat, and yet look at the noise
it makes. Seventeen to two.

Speaker 1 (21:56):
The Mike Hosking Breakfast Full Show podcast on I Heard
Rate powered by News Talks.

Speaker 2 (22:01):
Eppie, Mike Sharon's on are among the beast we ever
heard simple language and common sense approach. Wonderful. Yeah she is.
She's very good and we thoroughly enjoy having on the program.
She was also right about the person's the shar and
fruit personmans are the personans that have had the exstringency
bred out of them. So you learned so much on
this program. Fourteen Away from.

Speaker 14 (22:17):
Seven International Correspondence with Ends and Eye Insurance, Peace of
Mind for New Zealand business and the learning.

Speaker 2 (22:23):
Don't stop there because here from Italy is Joe McKenna.
Very good morning to you, good money mine. How those
cardinals doing? What do they do all day?

Speaker 15 (22:33):
I wish they would tell us they're locked behind closed
doors and when don't get very much information. They're going
into meetings at about nine o'clock in the morning for
half the day. And I've been told that they're giving
speeches to each other. They're wearing name tags because they
don't know who each other are. There are interpreters there

(22:54):
because they're not speaking the same language. It's really a
meet and greet and let's get to know each other
at this point because we've had so many new cardinals appointed.

Speaker 2 (23:02):
Now do you. I've watched some pictures and it seems
to me you can approach your cardinal when they wander
out into the square or something and talk to them.
Is that fair enough? Can you just wander up to
a cardinal and pose a few questions?

Speaker 15 (23:15):
Well, it's a bit of a media pack. As you've
probably seen in the images. They don't tend to respond,
but yes you can. You can doorstop.

Speaker 2 (23:24):
Them and they may or may not say anything. And
I'm assuming for fear of somebody behind the closed doors
going to say please, don't say that again publicly.

Speaker 15 (23:34):
Yes, But having said that, they have been doing a
few more newspaper interviews this time around, and certainly some
of them have had a wrap over the knuckles because
they're using social media inappropriately to take photos and selfies
of themselves.

Speaker 2 (23:47):
Yeah, what was said? So in watching the funeral as
I did, obviously, I mean, what a picture Rome was?
My god? How beautiful was it on Saturday?

Speaker 15 (23:56):
Wasn't it incredible? It was a magnificent day, and I
think it was amazing just to see the world leaders there.
That image that we saw of President Zelenski and President
Trump was just iconic exactly.

Speaker 2 (24:06):
But what I watched the cardinals upcome the iPhones snapity
snap snap snap of the minot. Surely that's against the rules.

Speaker 15 (24:15):
Yeah, well, especially with these young ones, because we've got
so many young cardinals now. The Ukrainian chap from Melbourne
who's coming, he's only forty five years old. He's the youngest.

Speaker 8 (24:24):
Bit shock.

Speaker 15 (24:26):
They're all into social media. It's as someone said to me,
they're the gen X, you know, and they love their phones.
And some of them have been saying, we're going to
find it really hard to go into the Sistine Chapel
because we won't have our iPads with us.

Speaker 2 (24:39):
It's amazing, isn't it.

Speaker 8 (24:40):
Now.

Speaker 2 (24:40):
I do know you're in some financial difficulty. I would
have thought, given all the property in all of the
Catholic Church has, how is it you end up in
the red.

Speaker 15 (24:50):
They could sell off a few artworks in Vatican museums
and sort that out. Again, not a full disclosure. We
haven't seen a full budget report, which I believe since
twenty two. I've seen some reports this week that say
they're fighting a deficit of around eighty three million and
they really need to attract new donations. They've lost a
lot of support, as we know in the US with

(25:12):
clerical sex abuse, and in other parts of the world,
but the Americans are the big donors, and I think
they want to get some of that money coming back
in of course.

Speaker 2 (25:20):
Interesting you met the Pope's nephew or one of the
Pope's nephew. Is he a good luck, lovely chap.

Speaker 15 (25:26):
He's around sixty. He's a university professor in Argentina. And
it was just really wonderful to hear his heartfelt stories
about Pope Francis. He described him as not only an uncle,
but as a loyal son and grandson and just a
very down towards Chap And he said the message that
he always had from him was, you know, don't big

(25:47):
note yourself because you're related to me, keep you, you know,
keep clear about who you are, and don't exaggerate.

Speaker 2 (25:54):
It's nice actually speaking of money. Is it boom time
and rhyme at the moment? I mean, given the world's
attentions all the place and will be for the next
couple of weeks and waiting for the white smoke, is
everyone you know doing business.

Speaker 15 (26:06):
It's crazy out there. I'm seeing lots of souvenirs and
the restaurants and the cafes are really going to town.
With all the tourists. I heard that a couple of
Australians paid ten euros each for a coffee the other day,
So there are a lot of ripoffs going off on
as well.

Speaker 2 (26:24):
A scandal. Now, listen, you've been down to the tailor,
the tailor who makes I love Tailor's Taylor's makes the
outfits for the pope. What sort of fabric do they use?
And what do you hating per meter for the fabric
and what's one of those big big outfits cost.

Speaker 15 (26:37):
Yeah, well, we spoke to the chap who used to
make quite a lot of outfits for Pope Francis, and
he's preparing three different sizes. I think you might know
that they prepare three different outfits, different sizes for the
potential pope. And he's using the very simple fabric that
Pope Francis used. That could be risky because we might

(26:58):
have a pope he likes a bit of glitz, yes,
And it's the fabric keys using, I think is around
fifty euros a meter, so not super expensive. But I
did see a lot of silk in that shop today.

Speaker 2 (27:09):
Very nice, all right, Joe, you you stant touch and
keep us posted Joe Kenner in Rome this Thursday morning,
where it's nine to seven.

Speaker 1 (27:15):
The mate Hosking breakfast with Bailey's real Estate news Dogs,
there'd be Mike.

Speaker 2 (27:20):
The snooker last night was unbelievably good both games. Thank you,
don't thank me. It's got slightly out of control. In fact,
I've got a couple of emails on that later, but
I assume you refer to Higgins Williams. I won't tell
you what happened other than to say it went all
the way and to the last ball, and it was,
as somebody called it, an instant classic thing I learned

(27:42):
about persons, by the way, eight years before your first fruit,
fifteen before you're commercially viable. That's hard, yards, isn't it
five minutes away from seven?

Speaker 1 (27:54):
Well, the ins and the outs, it's the fiz with
business favor. Take your business product to the next level.

Speaker 2 (28:01):
A large amount of crap this morning provided to us
by booking dot com as part of their tenth annual
Sustainable Travel Research. So they survey two hundred and thirty
thousand travelers across thirty five markets, and they've been doing
it since twenty sixteen, completely and utterly wasting their time.
Given everyone lies to them, it's not just about creating
memories and photos, but also apparently it's about leaving the
place better off than when you arrived. Of keyw Is

(28:25):
involved in this particular survey, seventy two percent said sustainability
is important to them when traveling. The same number so
they want their money to go back to the local
communities w they're traveling in, like burly Heads. They want
the local burly Heads community to benefit because of the
Seventy seven percent say when they travel they seek authentic
experiences representative of local culture, like the local culture of

(28:46):
Pelican Heads or Burley Beach. When these new places like Corumba,
forty percent of us say we worry about traffic congestion
of the place we visit, thirty two percent worry about littering,
twenty six percent worry about overcrowding, and twenty six percent
worry about the rise and cost of living from over tourism.
Wes we're so worried by the time we get home

(29:08):
we need to book another holiday. We're more and more mindful,
allegedly almost as though we'd hopped on a bandwagon. Back
in twenty twenty, only twenty percent of us turned off
the air con when we left the hotel. But apparently
now sixty six percent of us do that. You're all liars,
you're liars. Ninety eight percent of people who participated in
the survey lied. Forty percent said we'd look to travel

(29:30):
at off peak times. No, not because it's cheap. No,
to combat over tourism.

Speaker 16 (29:40):
Believe, before people take surveys, they should be made to
swear to tell the truth, the whole truth, and nothing
about the truth.

Speaker 2 (29:45):
And also those people can see me the money, the
money they spent on that survey. Stop it now, give
it to me. I've got better things to do with it.
The KiwiRail, we got problems. We did have three fairies,
if you can call them fairies. We've only got two now.
So we'll look at that financial literacy co to a
school near you, which is no bad thing. And the
story of Liam's Skeetz you'll love it. He's with us
after rate.

Speaker 1 (30:06):
The only report you need to start your day, the
mic casting Breakfast with Bailey's Real Estate your local experts
across residential, commercial, and rural news togs.

Speaker 2 (30:16):
He'd been fulloing seven past seven as part of our
ongoing coverage of this country doesn't function very well. Theme,
we have seen your doctors on strike. Today four thy
three hundred medical procedures are off Health New Zealand Chief
Clinical Officer, Doctor Richard Sullivan is with us. A very
good morning, right, carry you very well. Indeed, is this complex?
Given you simply don't do some stuff today, you schedule
it for another day and edit to the backlog.

Speaker 17 (30:38):
So that's a great question, you know. Obviously we've got
significant weightless you know for a patient to be seen
and get treatment, and Sony, any day of no treatment
has an impact on the waitlist. But we're pretty focused
on trying to reduce those weights to try and reduce
the harm for our patients. So the fact that I look,
it's more than a day, it's sort of a few

(30:59):
days leading up to strike in the day after, we
have to reduce your capacity. So at all that extra
four three hundred you know number that's going to impact
on you know, just trying to get people who their
access to care.

Speaker 2 (31:12):
Really, I don't want to get into the politics of
all of this, but but as a mechanism, does it
change anything? Really, So people don't turn up to work
for a day they say, yes, we get you met.

Speaker 17 (31:21):
What changes literally, Yeah, So I think probably the first
point to make is, you know it does change a
lot because we have to reduce our services significantly, and
you know this is a significant strike. You know, it's
a twenty four hours start at midnight finishes midnight tonight,
and so we've had to reduce our services, cancel our

(31:43):
or postpones I say, our plan here, and so we've
really got a real focus on keeping a hospital safe today.
That's probably the most important thing and a really important
message for our communities are that if they need healthare
do come in. So our eeds and mess departments are open,
our hospitals are open, and we work closer with the
union to make sure that we have the right number

(32:03):
of senior doctors on site to deliver the kear we
need to. So that's probably a key message for people
to know. But yeah, when you do that, yeah.

Speaker 2 (32:14):
Well let me I get all of that on a
scale of one's team though, how stretched are you team?
You can barely cope one you breeze through today.

Speaker 17 (32:22):
Well, look, I think we will be better five. So
we we're well prepared. We've done a lot of planning,
so we're confident so far we're six hours, seven hours
into what we've had, no things coping well and again,
as I say, we're working closely with the union to
make sure that we deliver that safe here. So I

(32:43):
think we'll get through today. I think the bigger issue,
as you say, is those tafar as, those postponements of
care and that ketch up and for those patients who
got calls to so I'm sorry your operations being postponed
or your connets postpone and we'll find your new time
on new days in the future.

Speaker 2 (32:58):
Well and good luck. Whther Dr Richard's ULIV Health New
Zealand chief Clinical Officer. It is ten minutes past seven
pasting very news. We're losing one of the three into
Islanders as Kiwi Rail retires the Oratari infrastructure as the issue.
Qi We Rail boss Peter Ridi is with us on this. Peter,
very good morning to you.

Speaker 4 (33:13):
Good morning Mite.

Speaker 2 (33:14):
Had I had a sort of a headline grab what,
pull up and get excited yesterday. I assume this wasn't
breaking news yesterday or was it.

Speaker 4 (33:22):
No look we thought would come to the market early,
just update customers and the whole market and planning for
the new new ships and the new assets. It's an
opportunity for us to engage with people now and just
get out there. We knew it was going to happen.
We now we know the timing of the port wharf development.
It's now time to get on with it and start
the planning. But you know, it's a big decision. We're

(33:43):
going to engage with the people and stakeholder so in
a tough decision.

Speaker 11 (33:46):
It's been a big.

Speaker 4 (33:47):
Workhorse for the fleet.

Speaker 2 (33:49):
Exactly how not ideal is this?

Speaker 4 (33:52):
Well, we always knew it had to happen. You know,
we're talking about a third year plan to new assets
for cook straight safety and reliable and of course I
would always like to keep the existing fleet in and
just you know, turn the keys over one day and
bring the and bring the new ships in. But that
can't happen. So the out teddy needs particular rail infrastructure

(34:13):
of Port Marlboro. Port Marlboro, you know they need to
bring that wharf down. They've been upgrading, but it needs
to be changed. So you know, look, yes there will
be a some capacity constraints at some stages. We've done
a lot of work in terms of how we'll work
it through with our timetables in terms of our planning
for for man Ginello locations were we're going to start

(34:34):
talking to customers now. During peak season, you know, there's
not a lot of freight and Christmas's great for passengers.
There'll be some periods where there will be some constraints,
but we're working through all that.

Speaker 8 (34:45):
Of the month.

Speaker 2 (34:46):
Here's a text Mike. As it gets harder to get
on a fairy, watch them put the price up.

Speaker 4 (34:50):
You say, what, well, well, what I could say. The
reliability fairies over the summer season the last four months
has been one hundred percent. Right now, our focus is
on making sure we can move the capacity and the passengers.
So you know, the competitor's got two ferries, will have two.
We will be making sure they're reliable and and running between.

(35:12):
But yes, there will be some times where you might
be able to not get on the early morning one,
but get on the ferry you know, three four us later.

Speaker 2 (35:19):
Okay, is this a gift for Bluebridge? Basically you're just
handing them business. No, well no, well no yet I
think yes, we.

Speaker 11 (35:27):
Always we always think that when't take.

Speaker 4 (35:29):
Capacity out, you're going to have capacity gets spread across
the two so yes, and actually you know, when when
either they have an issue, we have an issue, we
actually help each other out. So yes, you're going to
take a ship out. There's going to be capacity spread
across both. You know what we have seen and we've
had great customer experience and service and reliability the last
four months, so you know, we'ld be hoping that people

(35:50):
will stick with us, but I can understand at times
they'll make other decisions.

Speaker 2 (35:53):
Here's another text. They're flooding in for your Peter. How
much will you get for selling the oratary? What's it worth?
A scrap which I'm assuming is all it's left now?

Speaker 4 (36:00):
Yeah, look, we haven't that there are options, Mike, we
haven't really gone through that. If it is scrapped, it's minimal.
But I mean will go through that as we go
through the planning of the exact retirement. But you know
it's twenty eight years old, so.

Speaker 8 (36:17):
Is it not bad? Do you?

Speaker 2 (36:19):
I don't think I've talked to you about through this
whole process, this whole fairy thing. You know that you'll
be well acquainted with how is the country? Do you reckon?
We've handled it?

Speaker 8 (36:30):
Oh?

Speaker 4 (36:30):
Look, if you think about you know the two islands.
The way we've moved significant freight and passengers across the
country significantly reliably, and the Cook Strait is not an
easy water passage. I think incredible. The fact that we've
got ships now, you know, the last four months, as
I've said, one hundred percent reliably. You know, it's had

(36:51):
a history like a lot of industries. But I think
our team, I'm really proud of what our team do.
We've had, you know, issues, but we've got on with it.
I think the museum, it's a critical trading route, and
I think ourselves and the other competitor, we're all out
there doing as best we can.

Speaker 2 (37:07):
Good stuff. Pet appreciate time very much. Peter Radio. I
love the way people call the other people. I mean
it's called blue Bridge. I mean I call like Radio
New Zealand's Radio New Zealand and go the other COMPETI
top fourteen minutes past seven asking yes no no, yes, no, yes,
that was funny. Using booking dot Com, Mike, around twenty
percent of the booking goes overseas. If qus want money
to go to the local communities, they need to book

(37:29):
with New Zealand booking agents. Very good point. Another one
booking dot com. Don't use them, book direct with the
accommodation providers. No, I should have picked that up at
the time. But well set fourteen past the.

Speaker 1 (37:40):
Mike Asking Breakfast full show podcast on iHeartRadio, Howard By News.

Speaker 2 (37:45):
Talks at b Hey Mike sial with Bluebridge first time
March after fifteen years of the inter island A cheaper,
better facilities including cabins with showers, better service, more reliable.
Good that's what competition does, Mike. Well the Navy scuttle
it for free. It's a very good question. Too soon.
Seventeen past seven. Good news for the Central North Island
as well as the tourism sector. Fuck a paper ski

(38:06):
field deal. It's done. Ten year concession from Doc to
fucker Papa Holdings. The government's on the hook for about
fifty million ish to keep it the field open. The
rule of pay who mere Western curtain is with us
Western Very good morning to you.

Speaker 17 (38:17):
Yes, good morning, Mike.

Speaker 2 (38:18):
What's your sense of this relief?

Speaker 17 (38:20):
Oh, it certainly is.

Speaker 13 (38:21):
It's a critical milestone mic and securing the future of
our ski skiing in Mount Real Pehu, and it gives
confidence to the wider tourism sector. And it provides a
huge amount of income for our community and the region,
to the tune of around one hundred million dollars, so
we had a lot of the stake here.

Speaker 2 (38:38):
I followed it very closely. I get the sense it
shouldn't have been as complex or as angsty as it got.

Speaker 17 (38:43):
Fair well, that's fair.

Speaker 13 (38:46):
I think taxpayers were putting money into this operation back
in twenty twenty two, and of course everyone had the
opinion about it being in receivership, whether we should go
ahead or go have government money into this, but of
course the government's propped it up enough for it to
actually proceed to get over the line the possibility of
other bidders in receivership. As course in twenty twenty two

(39:08):
then we saw one or two bidders coming forward and
they had to go through the due diligence, and government
had faith in the fact that there was a future
for skiing in this region, and of course we got
over line the consultation phase. And of course now we've
got a situation whereby the ministers made the call yesterday
and we already appreciate and thank all those concerned to

(39:31):
get this overline for our.

Speaker 2 (39:32):
Communities fantastic Wesdom. Good to catch up. I'm glad it's
worked out well for you Western Curtain, who's the rue
of pay who may have got some very good news
coming or I have finally come back to us on
the state housing and rent areas. We were talking about
it briefly, a number of people being booted out from
their tendencies, but rent areas was another issue. How much
is owed by people who don't pay their rent? I
had numbers. I have encouraging numbers, actually, and I have
very encouraging numbers speaking of transport, very encouraging numbers around

(39:55):
the world of airfairs, and it's not as bad as
you might have thought. Ongoing mail on the snook Mike,
it is great that you've managed to work out or
work your magic by getting the snooker televised by Sky.
Are you able to do the same for the tennis now?
Just heads up on this my programming days for the Sky.
I mean, obviously I've done this for you for free.

(40:16):
It's voluntary and you can thank me later. But I
am not Sky's programmer. I am not the repository for
everything they don't do or everything they do do but
could do. Better. I'm not here to solve all the problems,
so I have dipped my toe into programming and I
have been successful in the snooker. I now retire seven twenty.

Speaker 1 (40:37):
The Mike Asking Breakfast Full Show podcast on iHeartRadio.

Speaker 8 (40:41):
How It My News talksp.

Speaker 2 (40:45):
Now lately you've heard on this radio station, you know
a bit to talk about healthy homes and healthy home
is not complete without the old DBS, and that is true.
But if you're not exactly sure what it is all
the difference to DBS can make in your home, we
can sort you through this. It's about ventilating every room
of your home, filtered fresh air, ren stale air out.
It's a preventative measure against mold and mildew and windows,

(41:07):
crying condensations, being able to enjoy a drier, healthier home
in all kinds of weather anywhere in the country. Now,
with thirty years of experienced DBS knows ventilation better than anyone,
So you can join the thousands of Kiwis and experience
the DBS difference. And if you're planning on building, DBS
has got those new solutions for new homes as well,
so it's all good. Say yes to DVS. Your healthy
home not complete without it. So here's where you go

(41:28):
DBS dot co dot inz super simple DBS dot co
dot INZ and the telephone number. This is even better.
Eight hundred DBSDVS eight hundred dvsdvsske SEVN twenty three regulars
will know. School and I were never really that close.
It was a means to an end. The end couldn't
come soon enough, and the means was these skills required
to get out into the world and get on with life.

(41:49):
One of the things that did help with was economics.
I found it genuinely interesting. I did quite well, and
they taught me compounding interest. Well, it taught me about
compounding interests. Now, if you don't know about compounding interest,
you don't know about life. Basically, economics is life, and
its lack of understanding is why so many people have
so many difficulties with money. As of twenty twenty seven,
if you're not up on this financial education, it has

(42:11):
been announced will be compulsory in school. He is one
through ten. I'd make it one through thirteen personally, but
praise the Lord. This education. This is education you can use.
I mean geography in Latin and physics. They're about career pathways, right,
They're about ideas you may or may not find interesting.
As a result, you may or may not ever used them.
But finance is about life. It's about success. It's about

(42:31):
navigating the world. People who know what money is, currency
is interests, dibendends are investment as returns are do better
in the world than those who don't. It raises the question,
I suppose as to what education is really all about.
Is it about a pathway to university, to skills or
to understanding or the power or value of learning or
the basics of life? I mean they used to do
home ech still do under different names. I mean, is

(42:54):
that a pathway to work with alarm de cars? Or
is it just to make some scones on a rainy Sunday.
I figure nothing else school should be useful. A lot
of people don't use a lot of what we got
at school. I mean, nomadic tribes of Africa in geography
didn't serve me all that well. But compound interest has
economics opened a door for me, A useful, beneficial, financially

(43:14):
fruitful door. The idea that all kids will get that
going forward is no bad thing. Asking Mike, what about
the beautiful old chateau. This also needs a close look at. Yeah,
they've been looking at that. The problem is the market.
They can't get anyone to buy it because the renovation.
You've seen the cost of renovations these days, the renault
on the chateau is too high. I also have. By

(43:34):
the way, my daughter is busy texting me on the program.
She goes first ever in a way that only young
people can give you the news, as though even though
your father works in the news, he knows nothing about
what's going on in the news. First ever endsz SMO
strike today exclamation mark. Have you heard much about it

(43:55):
in the news so far? This young woman is going
to be a doctor.

Speaker 9 (44:00):
See.

Speaker 16 (44:01):
And that is why we are such a high performance
sort of a news program, because we we've got the
fingers out there.

Speaker 2 (44:09):
They're allers out there. If you tuned in sources. My
answer to it was, if you tuned in, we just
did an interview. I said to you, off, are you working?
She goes, don't have time to tune in, busy working
instead of striking no strikes for the hard working training
interns getting paid zilch. She can tell she's a unionist.
Here's my other problem today water. I feel under resourced

(44:32):
as a broadcast this morning, the tap I have hot
water and lemon, which makes me sound slightly problematic to
deal with, but nevertheless, I've done it for many, many years,
and it cleanses the liver. It makes you feel younger
than you are. Anyway, the tap I access, which is
just outside the studio, is broken, of course, because this

(44:53):
place refuses to do any sort of maintenance program, and
so we wait till everything breaks, and then we call
a tech and we put a label as we have
on the tap this morning on the tech saying beautifully printed.
It's a very nicely printed If we if we only
maintained things as well as we printed labels, we'd actually
have some bloody water running. Anyway, so we were tap broke,
and we called the tech. But of course you know
what it's like getting anybody. So I'm now having to

(45:14):
I'm leaving shortly. By the way, I'm leaving shortly for
the next tap. The nearest tap is killometers away, and
I may exactly and I may not be back before
the end of the news. I've had to run, and
I had to run with a full cup and it's held.
I don't know if it's coming across on the show.
I feel quite good, but wish me well.

Speaker 1 (45:36):
New Zealand's voice of reason is Mike the Mic asking
Breakfast with Vita, Retirement Communities, Life your Way News togs
Head be.

Speaker 2 (45:46):
Like, I have a lime tree absolutely loaded at the moment.

Speaker 3 (45:48):
So do I?

Speaker 2 (45:48):
Actually? I have a several lime tree. Is going to
be a very good citrus season.

Speaker 18 (45:51):
You're going to You're going to say it's a lime
tree and then.

Speaker 2 (45:55):
No, good point, good point. There's a couple of trees
I had that could turn out to be other things,
like oranges. I've got a blood orange I thought was
a lemon for a while. So the blood orange.

Speaker 18 (46:05):
Is yesterday's person in tree was a one hundred.

Speaker 2 (46:07):
Percent exactly, But no, it's I'm confident on limes. I've
got limes, lemons, several sorts of lemons, and several sorts
of grapefruit, and a blood orange, just the one blood orange.
If I wanted to plant more, I do more blood orange.
But this person's got a lime tree. What's my ratio
to lemon to water? I have two slices of lemon
and a very small cup of water, So it's quite high.
I think, how come Mike gets a cup in the studio?

(46:29):
Other studios? You can't what other studios? Well, you studio
frequenta you how do you know you're an expert in studios?

Speaker 8 (46:37):
Are you?

Speaker 2 (46:37):
Good? Grief? My command of your standing. I thought you
would have staff to fetch your water. You think that,
wouldn't you? You think that I am.

Speaker 18 (46:45):
Is it a hygiene issue that you don't let other
people do that?

Speaker 2 (46:47):
Pretty much?

Speaker 18 (46:48):
Yeah, you can't have people fingering your lemon water.

Speaker 2 (46:51):
Boss did say you get me a thermos? And I said, good,
go get one, because there I know full well there's
not a thermos in the building. Mike boiler jug ah,
good question, what chug? Where's the jug? Go on, tell
me where the jugg is?

Speaker 18 (47:01):
There's no jug here, and if there was, there'd be
a notice of it.

Speaker 2 (47:05):
Exactly twenty two minutes away from eight. You're sleeping on
a sofa at the moment, or so, he claims, doing
cold calls to raise money to make sure he stays
in Indie. Next, this is the battle that the young
talents have in the world of motor racing. So Williams
Skeets is in Indianapolis. He's got a race this weekend
because he raised the money for it. But as for
the rest of the season, we would know. It's a

(47:26):
great story and he's with us after eight lean time
to the aforementioned very good news at our schools are
going to be concentrating more on financial literacy. Years one
through teen will study the likes of income, spending, savings, interest, tax,
insurance in this refreshed social science program. Now financial organizations,
banks and charity is going to be taking part and
Banker a part of that. They're a CEO, Simon Brown

(47:47):
is with a Simon very good morning to you mate.
If I used your name correctly, b A n q
U are I just you know spelling you are banker?

Speaker 12 (47:56):
Got on?

Speaker 2 (47:57):
Okay, good god on glad. I probably shouldn't have highlighted
because I come across as more cool. If I'm going
to write first time, it's this win win. I mean,
this is a win win, isn't it.

Speaker 19 (48:06):
Absolutely?

Speaker 12 (48:06):
I think a lot of people appreciate the importance in
value of this. This is something that we hear about
a lot in terms of people thinking it's a no brainness.
So to see it to come to fruition, I think
is a really exciting step.

Speaker 2 (48:18):
What's your assessment if you were to be asked of
the literacy level of most kids, what would your guests
be currently varied?

Speaker 12 (48:27):
And then when you look at international research, I mean
we stack up not too badly, but I think, to
my mind it is that variation between students. When we're
in schools, working with schools, we see a real wide
variety of delivery of financial education. Some schools do a
great job deliberance to all students. Some still schools deliver
it to a subject of students, maybe common students, and

(48:48):
then at other students in other schools it's just lacking totally,
which really leads to yea, is.

Speaker 2 (48:54):
It fair to suggest a lot of it comes from home?
In other words, Mum and Dad know what they're doing.

Speaker 12 (48:58):
You might too, Yeah, I think so, especially if it's
not to live it in school, and increasingly so social
media influencers as well, which isn't necessarily a good thing.
And I think as a result, a lot of our
students preparedness for the financial world has really left a
chance at the moment.

Speaker 2 (49:14):
What do you reckon the value of all the things
you learn at school? What do you reckon the value
of this? If you can enter the world having a
basic understanding of what's good, what's not, how it pays, etc.
How valuable is that in life.

Speaker 12 (49:29):
I'm very biased because this is my day and day out,
but I think it's massively valuable. I put this right
up there to be honest. When you think about the
things that students can be assured to interact with and
when they leave real well, when they leave school, money
is one of the only assured things. Whether you're fortunate
enough to have a lot or maybe not so much,
you're going to have to interact with money. So being

(49:50):
prepared to do so, I think is really important.

Speaker 2 (49:52):
Yeah, from a subject point of view, what do you
reckon it? As science or an art?

Speaker 12 (49:58):
Sorry it's cut up there.

Speaker 2 (49:59):
I'm not sure is it a science or an art?
You with us?

Speaker 12 (50:02):
Sorry, there's a bit of a cut out there. I
lost that last questions right now?

Speaker 2 (50:05):
Is it a science or an art? The understanding of finance?

Speaker 12 (50:08):
I think it's a science. I think when you look
at it, most of it is nearly black and white
when you understand the definitions and understand how financial concept works.
At the end of the day, human emotions do drive
a degree of financial behavior though, so I guess from
that aspective it it's a little bit of an art.

Speaker 2 (50:27):
Yeah, i'd extend to see it's this one through ten.
I know they do other stuff, you know, eleven, twelve,
and thirteen, but I'd have it the whole way through.

Speaker 8 (50:36):
Yeah. Yeah.

Speaker 12 (50:36):
My understanding is there is going to be more to
come in the senior school, but there's a real focus
on years one through ten, given that's when students will
be doing social sciences as a compulsory subject.

Speaker 2 (50:47):
Exactly get them up to speak to start with. All right,
So I appreciated Simon Brown, who's the Bank of CEO
eighteen minutes away from eight scale your money and people
who clearly don't understand money. This is coming alas, So
we had a lawyer on the program. What's today Thursday?
Probably Tuesday would have been which the reason I mentioned
that is that kaying Aura, as far as the government
department is concerned, is very very good. I can name

(51:08):
your government departments and have done who are useless but
going or appear to be really good in our requests
for information. So part of the conversation with the lawyer
not only were people being booted out in tendencies ending,
which this government has got on with as opposed to
the last government. Literally, you could be a thug and
nothing would ever happen to you. So she mentioned one
of the growing issues is rent areas, so we thought, oh, yeah,
fair enough, what are the rent areas well for February.

(51:30):
The reason I mentioned February is the March numbers are
coming out next week and I'll update you at this point,
But in February there's twelve point eight million dollars in
renter rears. Now, that in and of itself, obviously for
you and I is a tremendous amount of money. But
when you look at the size of the social housing sector,
I wouldn't have thought it's that bad. Even better, it's
down from January from sixteenth, so it's gone from sixteen
down to twelve. And it was last year in June nineteen,

(51:53):
so they're cracking on with it and they're making a
big difference. There are two hundred ninety nine tenuts in debt.
Of those in debt, eighty percent of that debt is dropping,
so they're effective. This is good. Since June seventy people
have had their tendency terminator because they haven't paid their
rent good average debts seventeen hundred and fifty eight dollars.

(52:14):
They set it at whatever's higher out of ten percent
of your regular rent or ten dollars or the existing
repayment already agreed upon. There is no interest in no
penalty on those areas. As I say, the new numbers
to come much extent, but I took that to be
relatively positive, so that's good. Seventeen to two.

Speaker 1 (52:31):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio now
ADLT News talks.

Speaker 2 (52:37):
It'd be Mollie. My twelve year old daughter has used
Banker the program in the past couple of years at
her primary school and Mowrensville. Kids love it and they
learned a lot that's encouraging. No interest, no penalty on areas. Gosh,
that's generous of Only IRD approach things the same way.
To be fair, Texter, they do occasionally, not all the time,
but they do. You don't automatically get penalties from the IRD.

(52:57):
They take an open It depends on what sort of
attitude to the equation. Mike best you ask Ko and
this view Sammy front and center please buckle up and
listen on. And we've got some advice. Best you. Ask
KO if the debt reduction is a bit negative? This,
and I suspect the answer we're going to get, and boyd,
we are going to get the answer because the research
department is going to be onto this. Ask KO if
the debt reduction is due to areas being written off?

(53:19):
It's not a bad question. It's not a bad question.
Are the areas written off? My suspicion is the answer
is going to be it's a fairly low ball number.
Now let me bring you to airfares. Steve Biddle, never
heard of him, runs a thing called travel Talk, never
heard of It doesn't really matter, but just to give
you the information if you want to go chase it down.
So he does this airfare comparison thing, goes back to
were in New Zealand. They're all robber barons. They're ripping

(53:41):
us off. The whole thing's a scandal. It cost nine
million dollars to fly from Parmersan North to Dunedin. So
he does these comparison and twenty twenty five across the
fourteen different fair buckets. Now fair buckets are how many
seats at different price levels there are available. Prices range
from seventy nine dollars to four hundred and thirty. So
this is all come to christ In nineteen ninety five,

(54:03):
he compares Taroga and Wellington. The cheapest fare was a
super thrifty for one hundred and fifty one dollars at
the time. Now, what's that in today's money? Was two
hundred and forty five dollars. A regular economy fair cost
two hundred and fifty dollars. That's four hundred and five
dollars in today's money. Now. He makes a very good
point if you take into accounty airport charges, which have
changed dramatically on any given seat, twenty to twenty five

(54:26):
dollars is a typical flight cost for Texas. GST is
now fifteen percent. It used to be twelve and a
half percent back in nineteen ninety five. So he goes
back to nineteen ninety five. June of nineteen ninety five,
eight of the fourteen fair buckets are actually cheaper in
twenty twenty five, fifty to sixty percent of all seats
sold on each flight, So, in other words, the bulk

(54:47):
of seats sold on eight of fourteen. Flights are cheaper
now when you do the old calculation with inflation than
they used to be. I remember the very first Tripever
took to Australia was when I was twelve years old,
So you're going back twenty twenty five years now as
long as that could be as long as that, and

(55:07):
it was seven hundred and something Australian dollars seven hundred
and something Australian dollars, So this is the seventies, whereas
you can do the same thing now, let's be honest
forty ish years later, or if not less so. As
much as we feel aggrieved about the price of flying,
the price of flying overall has become exponentially cheaper. It

(55:28):
is extraordinarily cheap comparatively speaking, to fly these days. And
I think Steve's numbers back there are turn Away.

Speaker 1 (55:35):
From eight the Mike Hosking Breakfast with a Vida Retirement
Communities News togs Head ben.

Speaker 2 (55:41):
Away from New Zealand. Rugby have solved their innios problem,
or at least part of it. Toyota, we hear this morning,
are taking the naming rights to the training kit. The
former Rugby CEO David Moffatt's back with it's vid morning
to you.

Speaker 11 (55:51):
Good Mordan, How are you very well?

Speaker 2 (55:53):
What does that actually mean? The training kit? Is that
the regular kit, all the kits, some of the kit
or just the training kit.

Speaker 11 (55:58):
Well, by the sound of it, it's it's the training kit.
So that's you know, when your blacks are in camp,
they spend a lot of time training obviously, and that's
where they'll get their their exposure.

Speaker 12 (56:12):
Yeah.

Speaker 11 (56:12):
No, I think it's I think it's good news. I mean,
I'm I'm really positive about it. I'd like to know
what percentage is cash and what percentage is in kind
because obviously New Zealand rugby needs as much cash as
they can get. But yeah, very similar to the Ford
deal that we did back in nineteen ninety five, really indeed.

Speaker 2 (56:32):
So yeah, well that's interesting because this is supposed to
the toyet is supposed to place forward and enios, I
can't see it comes even close. Have they still got
some money worries?

Speaker 11 (56:42):
Well, I think they've always got money worries at the moment,
Like every other rugby union in the world, you know,
cash is king and it's never been more important than
it is now in the game. Right around the world
to be perfectly honest with you. But yeah, I mean, look,
small steps and steps in the right direction. But Mike,

(57:03):
I don't think that's the best news that they've had recently.
The best news is the announcement by the NRL that
they're not going to even think about another twentieth team
until twenty thirty two, and a lot of what's been
said seems to me that they're going to be actually
putting something in the western corridor of Brisbane. Yes, so

(57:24):
no team here for the South Island and no additional
team for New Zealand, so it think.

Speaker 2 (57:28):
It doesn't drain the competition. The Innos thing was interesting
to me because in the OS is not a name
that I mean, Toyota, although they're Japanese. Are you equate
with being a local company? I mean a lot of
people drive Toyota, so I get that part. Is that
a better deal than someone you go, well, who the
hell is in the OS and they bug it off? Anyway?

Speaker 11 (57:47):
Yeah, it is absolutely. Toyota is a well brand, very
well known, loved here in New Zealand. Many people drive
Toyota's We've got one and yeah, I look, I think
it's very positive. Not quite sure about what mix, you know,
what they've actually got the rights to, and then what
other rights that any else had that they might be

(58:08):
able to sell as well. Yeah, but I just think
it's a bit of good news and good honor.

Speaker 2 (58:16):
Good stuff. David, nice to talk to you appreciate it
very much, David Moffatt Foreman using on Rugby ceo BO
do you'll be driving a land Cruiser? Can I just
say it's just a personal opinion. They butchered that design wise,
the new land Cruiser absolutely butchered. I don't know who's
responsible for it. I don't know what they thought they
were doing at the time, but what they've produced is visually,

(58:40):
to my eye, unacceptable. Mike, what are you thinking? Read
if one this weekend Liam slowly improving, Yes points this
week in they're racing around the car park at the
Miami Dolphin Stadium. It's the worst of the tracks. Want
to say track, It's not even a track, it's a
car park. They're racing around the car park, literally the

(59:00):
car park. What time is it all, Well, it's American time.
He's coach time at eight as an hour, so the
race will be at about six o'clockish on Monday morning.
So you've got practice and qualifying over the weekend on
Saturday and Sunday in the early morning, you know, six,
seven o'clock in the morning something. No, that's a yeah,
eight am, so it'll be is it four in the

(59:21):
afternoon Miami? Maybe let the heat of the day go down.
Is that what they're doing? So eight am?

Speaker 18 (59:26):
That's remember last year Mark Anthony saying the national anthemy.

Speaker 2 (59:29):
I remember, who can forget it? I mean, come on,
it's Mark Anthony for goodness sake. So your points, it's
always possible. The racing balls in the middle of the
field there are hedges is a big problem. You said
the other day. He is feeling more comfortable than the car,
so that's encouraging. He's had a week off, he's been
at Kachella. I'm personally, once again, more Toyota advice. If
I was Liam, I wouldn't be hanging out at Coachella.

(59:50):
I'd be keeping my head down, my bum up. I'd
be on a simulator. I'd score some points, I'd get
some places. Then I'd go to Coachella. I I mus
shy out for seventeen years and I haven't been to Caicella.
I'm still working hard to see what I'm saying us
for you. Then we'll go in more motor racing at
est A couple of moments with William Skits.

Speaker 1 (01:00:09):
Cool the mic cards, games, insightful, engaging and dal the
mic Hosking, Breakfast with the range Rover, the la designed
to intrigue and use togs d B.

Speaker 2 (01:00:22):
Seven passed. Take great story for you from behind the
scenes of trying to crack it as a professional motorsport driver.
Nineteen year old Kiwi Liam Skeets trying to make his
dream come true. He's only to be an indie car driver.
He's currently competing in Indy Next with HMD Motorsports. He
needs to raise one point two million I'll repeat that,
one point two million US to be able to compete

(01:00:43):
in all twelve rounds of the season. He's currently got
a three deal event or a three event deal. Needs
to secure more funding and sponsors, which obviously becomes easier
the better he does. Anyway, let's get the catch up here.
Liam Skeets is with us from Indianapolis. Morning to you,
Good morning, Mike.

Speaker 3 (01:00:57):
Are you doing very well?

Speaker 2 (01:00:58):
Indeed, just bring us up to speed on where you're
at in this wonderful life of yours. Saint Petersburg looked good,
didn't end up particularly well. So that's race one so far.
You've got a couple of events coming up. Have I
got that about right?

Speaker 3 (01:01:10):
Yes?

Speaker 20 (01:01:10):
Yes, I'm currently in Indianapolis over here in the States
and have a race in Alabama this weekend and Indianapolis
next weekend for a doubleheader. Florida was not the end result,
but very promising signs there, so looking to carry that forward.

Speaker 2 (01:01:27):
Indeed, So let's just go through Florida just briefly. You
qualified fifth, you ended up eighteenth. When you qualified fifth,
you were behind the wheel, you were, you know, following
living your dream. Did it feel good?

Speaker 3 (01:01:37):
Yes, of course it felt good.

Speaker 20 (01:01:39):
Saint Peter's a street circuit, so to have a debut there,
you know, it was, to be honest, kind of sort
of daunting, but we were fast and I managed.

Speaker 3 (01:01:48):
To get to grips with it quickly.

Speaker 20 (01:01:49):
And last year on my debut and Formula three, I
got on the podium there, so I knew I could
could be strong there, and yeah, we showed, we showed
our strong pace.

Speaker 3 (01:01:59):
And qualifying with third group fifth.

Speaker 20 (01:02:01):
Overall, Yeah, it's a shame with what happened happened in
the race on the opening lap, but you know that,
you see that, you say that all the time in
modor sport.

Speaker 2 (01:02:10):
What's your assessment of your prospects for this weekend in Alabama.

Speaker 20 (01:02:13):
I'm confident, as I said at Saint Petersburg, not only that,
through the four tests we've had so far this year
and the back end of last year, I've been been fast.
I've been in the top six and as a Rockie,
one of the leading leading Rockies.

Speaker 3 (01:02:29):
So I'm confident.

Speaker 20 (01:02:31):
Barber is a high downforce, high risk slash reward track,
which makes it obviously tricky, and then the weather also
looks a bit undecided. So yeah, I'm really excited to
get there and prove what I've got.

Speaker 2 (01:02:46):
And then you get to Indianapolis. You've got a double
headed there, and this is where your deal sort of
runs out. And this is sort of the point of
this interview. I guess how much pressure sits on your
shoulders knowing there's for now anyway a kind of an endpoint.

Speaker 20 (01:03:01):
Yes, it's there's a lot of pressure, but this is
not the first time and it won't be the last.
I think, well, last year my season race was raced
by Race and turned up to the to the racetrack
after flying over from New Zealand, thinking it might be
my last time here, my last crack edit. So every
weekend for me is make or break and I realized this,

(01:03:23):
and I realized that I just need to jump on
the car and do the best I possibly can and
bring results, really and perform in order to grant that
further support.

Speaker 2 (01:03:33):
Is it that simple? If you do well, money will follow.

Speaker 3 (01:03:37):
It's not. It's certainly not.

Speaker 20 (01:03:40):
I wish it definitely does help when you're when you're
a winner, support comes to you more easily. But yeah,
for me, largely it comes from hustling and doing the groundwork,
which I've been doing over in New Zealand soil for
for the last six months of my New Zealand summer
to have a crack Indy next this year on the

(01:04:02):
doorstep of IndyCar by Yeah, doing as much as I can,
talking to people and meeting with people to rally more support.

Speaker 2 (01:04:10):
Is there goodwill around it? I mean when you talk
to people, do they want to help? In general?

Speaker 8 (01:04:15):
Yes?

Speaker 20 (01:04:15):
Yes, there are so many generous people out there in
New Zealand and I have such great support currently behind
me and the Tony Quinn Foundation, James Koccatcheck Group, JFC, Omega,
Rental Cars, Go Media and so many more. So yeah,
these people really want to help and see I guess
the kiwi of the next generation to be on the

(01:04:37):
world stage and follow follow the career of Scott Dixon.
Really so, I've been very lucky to this point in
my career.

Speaker 2 (01:04:43):
I suppose, given you've been in it since you're like
everybody in carts, you know how the system works. But
it is a funny sport, isn't it that in most sports,
talent will get you to a place. Motorsport's not like that.
Talent will only get you so far and you need
help from them on in, don't you.

Speaker 20 (01:05:02):
Yeah, motor sport is very different in the sense as
you said that it doesn't only require talent and skill,
but talent, skill and finance funding behind you. So yeah,
brings in a new dynamic where you know you not
only have to perform on track, but also off track
with raising sponsorship, investment and getting those people behind you

(01:05:23):
so you can continue to fuel your racing. And that's
exactly what I what I have to do, coming from
little little Old New Zealand listen.

Speaker 2 (01:05:31):
Greg Murphy said, I thought something really interesting the other day.
He said, with as regards Liam, and if one what
what pstre has is Mark Webber. He's got somebody sitting
next to him who's got experience, had racecraft, all of
those sort of things, and that's to sort of help
Liam needs. Do you have around you people who are helping,
who can give you the advice you need.

Speaker 20 (01:05:49):
Yes, I'm very fortunate to have many people, as I
mentioned the partners earlier who have surrounded me. Of course,
my family big supporters behind me and my management includes
Steve Porn, Mark Pilcher and Shane mcconically and countless other
mentors like Greg Murphy himself and Paul radisich Oh and

(01:06:10):
Evan Daniel Gallant who all behind me and really backing
me on this journey.

Speaker 2 (01:06:14):
Very good to hear. Let's talk more about this fundraising
in just a couple of moments. Liam skeets with us
out of Indianapolis, their team Past eight.

Speaker 1 (01:06:20):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talk Zippy Use.

Speaker 2 (01:06:27):
Talks It be fifteen past eight. Liam skeats with this
season in Indianapolis at the moment. We've heading to Alabama
this weekend. Then got a couple of races the ninth
and tenth of May the Indianapolis Ims Road Course, so
a double head of there. Anyway, listen to the Liam
this cold calling? Is that true? You literally cold call
to raise money?

Speaker 3 (01:06:44):
Ah? Yes, it is.

Speaker 20 (01:06:47):
It's just something I have to do. It's part of
the job as a as a racing car driver. Yeah,
I mean to be honest with you, Mike. I love
the process of it.

Speaker 8 (01:06:56):
Now.

Speaker 20 (01:06:56):
I've had to learn to love it in order to
keep my bomb and to see behind the wheel. I'm
not sure if the people on the receiving end always
appreciate it and.

Speaker 8 (01:07:06):
Love it.

Speaker 20 (01:07:07):
But yeah, as I said, I just have to. I
have to do it. So yeah, it's kind of a
new new passion of mine.

Speaker 2 (01:07:12):
How do you sell yourself? You go, Hi, it's Liam.
Do you have to explain what you do, how you
do it, the importance of it, where it could lead.
What do you do?

Speaker 3 (01:07:21):
Yeah?

Speaker 20 (01:07:22):
I think the selling point I have is, yeah, I
want to be that next Kiwi of the next generation
to achieve what Scott Dixon has Now He's a prime
example of someone who was just a young feller in
New Zealand with the talent and the potential to make
it big, and through rallying investors and sponsors behind him,

(01:07:42):
he managed to.

Speaker 3 (01:07:44):
Go to the US and the rest is history.

Speaker 20 (01:07:46):
And now those people behind we are really reaping the benefit,
you know, of a journey they were a part of,
and of course the payback through the investment scheme. So
I mean, I'm just using that as a prime example
and trying to find my own people to get behind
me and enjoy a journey and be a part of,
be a part of something special to be I truly
believe that I have what it takes and and can

(01:08:08):
be that that next Kiwi achieving huge success in the
world stage.

Speaker 3 (01:08:12):
So yeah, that's that's that's the selling.

Speaker 2 (01:08:14):
Because of course you mentioned Dixon, there's McLaughlin and Armstrong
as well, and does that that that does help? I
take it, because I mean, in terms of pound for pound,
New Zealand boxes so far above its weight in the
sort of area, doesn't it.

Speaker 20 (01:08:27):
Yes, it's it's huge having Scott Marcus and and Dixon
as well over there paving the way for a young Kiwi,
not just me. There are so many of us who
you know, look up to those guys, are inspired by
them and aspire to be to be in their shoes
one day. Yes, Scott as I mentioned as a prime example,
uh and point of inspiration for me as he you know,

(01:08:50):
he's doing exactly what I'm having to do, hustle to
have the opportunity on track and then prove themselves. So yeah,
very lucky to have those guys look up to over here.

Speaker 2 (01:08:58):
Is it an incentive for you because you're mixing in
a field of extremely wealthy, successful people. So in other words,
if you do well, you can have your own plane
and houses and all. Does that incentivize you or it's
not your thing?

Speaker 3 (01:09:15):
No, it doesn't incentivize me.

Speaker 20 (01:09:18):
I mean my goal is to just when the Indy
five hundred win an Indy car and the long term
potentially look at Formula one.

Speaker 3 (01:09:27):
Yeah, I'm a.

Speaker 20 (01:09:28):
Racing card over That's all I care about is the
racing and for the moment, the short term, I'm all
focused on getting to Barber, getting to Indy in a
couple of weeks time, and doing enough to keep in
the car and keep having a crack.

Speaker 2 (01:09:42):
And having followed you and look, you know in eighty
six is and Formula forwards and you know obviously at
the start carts and stuff. What's the step up been
like into what you're driving now?

Speaker 20 (01:09:53):
Yeah, it's been yeah, many steps along the way. Saturday
and go ka to six years old to form miller
Ford to the Toyota Racing Series where I managed to
win the New Zealand Grand Prix, to racing and Formula
three in Japan in America. Yeah, I think the New
Zealand Grand Prix was the breakthrough for me, and that

(01:10:13):
has gave me the opportunity last year to step over
here to the US and have a crack on the
road to IndyCar scene.

Speaker 3 (01:10:22):
So yeah, I mean all all of that racing wouldn't
have been.

Speaker 20 (01:10:25):
Possible without without these people, but pit people behind me.
I think I've raised just over a million dollars in
sponsorship and investments since twenty twenty two, which was when
I hopped out of go karts at fifteen years old.
So yeah, a lot has gone into a boat on
and off track.

Speaker 2 (01:10:40):
That's not bad. Is it true you're sleeping on a couch.
That cannot be true.

Speaker 20 (01:10:44):
Yes, yes, it is true. I'm sleeping on the couch too.
Of Kiwi mates over here. Yeah, I'm as I said,
I'm raced by race. I fly in and out of
New Zealand for the test last week. I was severely
jet ladd because I flew less than flew into America
less than twenty four hours before being out on track.

Speaker 3 (01:11:02):
But yeah, that's just the reality of my situation.

Speaker 20 (01:11:04):
I enjoy, I can find the fun in it. But yes,
that is true. I'm I'm sleeping on the couches preparation
for barber this weekend.

Speaker 2 (01:11:13):
Jeez, that's dedication. We'll go well this weekend in Alabama,
also in India in a couple of weeks.

Speaker 8 (01:11:18):
Time.

Speaker 2 (01:11:18):
Good to catch up with you.

Speaker 3 (01:11:19):
Thank you very much, Mike.

Speaker 2 (01:11:20):
There we go. Nice guy, isn't he? Lilliams kets Mike.
If I got a call from Liam, I do they
keep the hustle going? Young men? The country is behind you.
Get on your minfe for giving these young drivers like
Liam's more exposure. Your platform and audience is perfect. Thank
you from an old retired amateur racer. Reminds me of
an interview I saw once upon a time. Actually played
with Mark Brown. If you remember the name Make Brown
and Golf. He was one of those guys who sort

(01:11:43):
of battled on a circuit. At the time I played
with him, he was battling across Canada. And the thing
about it was, and I'll get back to Michael Candell
in the moment, but the thing about Mark Brown is
there was about four or five of them and they
didn't have enough money. So they pulled their money and
they rented a car together and they did the tour
from West to Coke, west coast to East coast, staying
at the Motel six, and where they couldn't afford the motel,

(01:12:03):
they'd stay in the car. And so the idea was
that they'd win enough money to afford the rental car,
to afford the Motel six to maybe one day win
something to get real money to find real planes to
go to real places. And with Michael Campbell won bick.
He said the great revelation for him was that the
better you get, the easier it becomes, because of course
suddenly you're not renting cars, you're flying in planes, and

(01:12:26):
then you're at the front of the plane, and then
you got your own plane, and you're not at Motel
sixy or at any hotel you like, and then you're
at an Airbnb and so it goes. So sleeping on
a couch having flown in from New Zealand being jet
lagged to then jump in an inde car is quite
the thing, isn't it. You got to be determined to
succeed eight twenty two.

Speaker 1 (01:12:44):
The my Hosking Breakfast with the range Rover Villa News togs.

Speaker 2 (01:12:48):
He'd be almost come back to this in just a moment.
I need to tell you about this though. If you've
heard me talk about the natural range of supplements from
About Health and you're thinking shall I shant i? Shall
I shant it? Well now is it's perfect time?

Speaker 3 (01:13:00):
Why?

Speaker 2 (01:13:00):
Because About Health have just launched their special Mayhem offer.
So what this means is that Zibbi listeners get fifteen
percent site wide, fifteen percent site wide with the code
Breakfast fifteen. Right, Breakfast fifteen. That's what you've got to remember,
So fifteen percent off the fabulous Lester's Oil, the famous
Life max the even more brilliant Element twelve. Maximize it all.
By the way, if you want to put their popular
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comes to get supplements and certainly don't want to compromise
on your health. So About Health pride themselves on quality
and customer satisfaction. Ninety day money back guarantee on orders,
plus free shipping New Zealand wide. All their products are
proudly made right here in the country. Read the label.
Take only as directed. But I eight hundred triple nine
three are nine I eight hundred triple line three nine

(01:13:44):
online at about health dot co dot m said use
the code breakfast fifteen and get fifteen percent off, asking
ah the boss, God bless them. So my water, I'm shortitch.
He's gone down to the supermarket. He's left the building
in what can only well, it's what the Herald would
describe as meteorologically the end of the world, because I'm
sure there's sixteen or eighteen weather alerts at the moment.

(01:14:07):
So he's gone out into the storm this morning. He's
gone up to the supermarket and he's purchased me a
day Corps insulated double wall Adventurer stainless steel thermos, twenty
four hours of cold, twelve hours of hot, one point
two liters forty point five fluid ounces of beautiful boiling water,

(01:14:28):
isn't that good? So I'm good to go. So and
it costs four what do you say.

Speaker 16 (01:14:32):
It cost forty one dollars ninety nine? I think it's
it's is it overstate to get to say that he
bought it for you because it's Oh, it's the studio
tet that's not working.

Speaker 18 (01:14:44):
Isn't it just for this?

Speaker 6 (01:14:45):
No?

Speaker 2 (01:14:45):
No, he's mine, No, no, firmis is mine. I'm going
to write Mike on it. Mike, I'm gonna.

Speaker 18 (01:14:50):
Say my amory to print a label like the one
that I at.

Speaker 2 (01:14:54):
It says mikes do not touch news for you. In
a couple of moments, it is election day tomorrow, local
body election day in anders A by election. Rod Little
with the details shortly.

Speaker 1 (01:15:06):
News, opinion, and everything in between, the mic hosting Breakfast
with Bailey's real Estate, your local experts across residential, commercial
and rural news togs dead be.

Speaker 2 (01:15:18):
Hey, Mike, if you changed your mind about living in
seln come on, harden up. You've been hanging out with
a hero too long. Whether alert, whether alert? Whether alert?
A little bit of surface flooding in the Selwyn district
ain't going to do anything, Mike. Liam Lawson correction Liam
was at Stagecoach, which is the same venue as Coachella,
but it's country. It's a very good point you make.

(01:15:38):
My wife had already alerted to me to that, and
I was going to get around to the apologizes.

Speaker 16 (01:15:41):
So this is another person and woman, Yeah, you got
it wrong again.

Speaker 2 (01:15:46):
I got it wrong again.

Speaker 18 (01:15:47):
You've just spent all week giving out fail.

Speaker 2 (01:15:50):
No, no, no, that no. The good news is, Glenn,
it's it's only two mistakes so far, and it's Thursday,
so we're coming to the end. If it was Monday,
i'd be going I'm losing it. But by Thursday I'm allowed.

Speaker 3 (01:15:59):
You know.

Speaker 16 (01:16:00):
I was listening to a podcast yesterday and a bloke
called them per Simmons.

Speaker 2 (01:16:05):
It's a debate, and funnily enough, you should say that.
I was going to raise it in the interview, but
I didn't have time. They said from the persimmon industry
that they don't mind which way you go as long
by them, as long as you buy them. By the way,
my wife had already pointed out the Stagecoach Kitchella situation.
She called me a boomer, So she's called me haggard

(01:16:26):
and a boomer so far this week, which makes me,
I guess a haggard boomer twenty two minutes away from.

Speaker 14 (01:16:32):
Nine international correspondence with ends in eye insurance, peace of
mind for New Zealand business.

Speaker 2 (01:16:37):
Yeah, but we go twenty two minutes away from Unrodins
with us morning mate, good morning chee, and make local elections.
I'm fascinated by these things, especially given what's been happening
in the polls. In fact, twenty four hours ago on
the show, I gave a poll out saying reform yet
again continues to surge. Will that translate into mayoralties and seats?

Speaker 19 (01:16:55):
I think in terms of seats, yes, I think by
election we have tomorrow. Yes, in terms of mayoralities I
can't pronounce that word. Mide possibly, but probably not. The
way things are looking at the moment, it's going to
be a bad night for the Tories, who are coming

(01:17:17):
third in the polls at the moment and people can't
see a reasoners to white to vote for them. We've
got twenty three councils, six mayoralities. Hey, I did it
all right, then up for grabs, and it seems to
me the Labor has more seats at the moment than
the Tories do in these councils. I can see the

(01:17:38):
Tories losing seats to reform, but I think the real
story here is how many labor seats are lost to reform,
and I can see it happening in capital letters in
the Ron carn dielection, which I think labor will lose
to reform, despite the fact that labor, while it was

(01:17:59):
fifty two percent of the vote last time, twenty two
three hundred and fifty eight votes for Mike Gamsbury who
was later found to have kicked someone's head in outside
a pub and therefore have to resign, only seven thousand
and six hundred odd for reform, So a massive, massive difference,
and yet it looks as if reform are going to

(01:18:21):
take it. And that's where I think the problem lies
for the government more in a way than the Tories,
who are just seen at the moment. Frankly, is a
kind of irrelevance that you know in those red wall seats,
and one call is kind of on the edge of
the red wall seats, though it's also a mid middle
class where labor is genuinely threatened by a great upset

(01:18:46):
in reforms votes, and reformers never done terribly well in
council elections before which so this will be a real test.

Speaker 2 (01:18:52):
Yeah, it's interesting. How much can we lay down at
the by elections team to go against zebra and charge
on the day and we want to send some sort
of strange message that may or may not rely in
the stimulfation next time we go to the general Well.

Speaker 19 (01:19:05):
Except they don't always. The usual trend over here is
for by elections in the first six to eight months,
even to the hear of a new government, the government
tends to have a wind behind it and tends to
take seats. It's only when that government's been in power
for two or three years that you suddenly see, you know,

(01:19:25):
the Lib DEM's Reform, Green and so on eating into
the votes. So really, at this stage, Labor only, you know,
nine months into its rain, should be gaining seats rather
than losing them. But my suspicion is, yeah, it'll gain
a few at the Tories expense, but it will lose

(01:19:46):
more to reform reform. I've have trouble though, Mike. They've
had trouble with a number of candidates, one of whom
was quoted as saying that Hitler would have been a
legend if he'd just come concentrated on the Muslims, which

(01:20:07):
just a tat controversial a you know, Mike, there will
be I will guarantee that ten nutters will be elected tomorrow,
a minimum of ten nutters, which will detract from the
overall performance, but are wining the wrong corn by election
and a whole crop of seats, you know, a thousand
seats or so. That's really bad news for the government

(01:20:31):
particularly it is.

Speaker 2 (01:20:32):
What about the Tories though, Does it pile the pressure
on the Tories and this ongoing debate that the Tories
and the Reform Party need to do some sort of
or at least come to some sort of arrangement.

Speaker 19 (01:20:41):
Yeah, I think it does though though it's equally the
case if we went into if there was an election tomorrow,
a general election, it looks as if Reformed within one
hundred and eighty seats, the Tour is one hundred and
sixty Labor one hundred and sixty between them, So in
a way it doesn't matter. You might argue, if you're

(01:21:03):
a Tory, you would say, well, reform in the largest party,
but the only people they could possibly make any hay
with our ourselves, So you know, we would be a
coalition government. I just wonder the way reforms going at
the moment. It's tilting to the left, just as have
many populist parties in Europe on on issues such as

(01:21:25):
nationalization and minimum wage. That labour's taking more votes from sorry,
reformers taking more votes from labor, and would therefore be
disinclined to join in a coalition with the Tories.

Speaker 2 (01:21:38):
Good to see you, make you have a good weekend.
We'll catch up Tuesday. Rot a little out of Britain.
Just the other couple of things going on. Rachael Reeves
as announced plans a UK Treasury draft rules bringing crypto
into the regulatory fold. I wish you the very best
of luck with that. Meantime, there's these but I know
if you're following the sycamore gap Hadrian's Wall. So these
gormless idiots cut down the tree turns out in the

(01:22:01):
court case which is underweight at the moment. One's called Daniel,
one's called Adam. The depressing thing about it is Daniel's
thirty nine and Adam's thirty two. So you know, if
they be if I've been sixteen or seventeen, you would
have thought, yep idiots. But at thirty nine and thirty two.
There's no hope for them anyway. They did it for fundsies.
Apparently just moronic quote unquote from the moronic mission to

(01:22:25):
commit mindless vandalism. I reckon the trial is going to
last ten days. They took a wedge of at home
as a trophy. It's tragic sixteen too.

Speaker 1 (01:22:35):
The Mike Asking Breakfast Fall Show podcast on iHeartRadio powered
by News talks.

Speaker 2 (01:22:41):
At b thirteen to nine. I'm enjoying my first SIPs
of my newly thermist water hot boiling water coming out
of my new Daycore thermos. And Edward during the Edward
is a person who works at ZIB. I need to
introduce all the people I mention names. Edward is a
what would he low middal management something like that. He
administrative tasks.

Speaker 18 (01:23:00):
Certainly good with the labeling machine.

Speaker 2 (01:23:01):
Very good. Came and straight in with the labeling machine.
Mike's dash, do not touch three exclamation marks on it.
His assistant head. Now is that what we're calling him?
Assistant head?

Speaker 18 (01:23:13):
Well, you can't just call them chief label maker.

Speaker 2 (01:23:16):
That's no, that's true anyway. So I was just saying
to the boss who went out and got me my
day corps thermis that this is my new routine now,
so Bo will have my boiling water and here every
day because it lasts for twelve hours and I'm only
here for three, So that's fantastic. The big thing was
and I did it during rod just so it wouldn't
be you know, I suppose I could have screamed during
the interview live on Near if it had gone wrong.

(01:23:38):
But I did my first paw. And there were some questions,
what's the poor?

Speaker 3 (01:23:41):
Like?

Speaker 2 (01:23:41):
Can I pour with one hand? Do I need to
hold the carp? So I held the carp, held the
thermis in one hand, poored The paw was brilliant, wasn't it?

Speaker 18 (01:23:49):
As people was watching a Japanese tea ceremonium very.

Speaker 2 (01:23:51):
Much so wasn't it just it had a ceremonial brilliance
to it? I thought so. Mike David Beckham gets a
thermos for his birthday. The mate asks, what's this? The
firmust flask, says David. What does it do? Asks the mate?
It keeps hot things hot and cold. Thing's cold, says Beckham.

(01:24:13):
Mate asks, so what have you got in it? Beckham replies,
two cups of tea and a chock ice. I quite
like that.

Speaker 18 (01:24:25):
By the way, what happens. I was just thinking what
ED will do if the labeling machine stops working.

Speaker 2 (01:24:32):
These are good questions. We'll have another person in another
department that's in charge of that, don't you worry. So
I was reading about Starbucks yesterday, the head of Starbucks.
There's a new head of Starbucks. This is globally. A
lot of people have been texting about the toyotas. I
think I gave Toyota a bad enough time earlier on.
I didn't want to revisit that, so let me give
Starbucks a bad time. So I don't obviously go to
Starbucks because they're crap, but I was there once with

(01:24:55):
one of the children. And Starbucks, if you followed, business
has not been doing well globally. They do reasonably well
in China, but the rest of the world things haven't
been going well. They got a new bloke in and
they're reporting and things aren't still going well for them,
and so he announced yesterday that they were going to
put some tech in that would take people out. So
they're taking the people out and putting the tech in.

(01:25:15):
But they've now decided to take the tech out and
put some more people in. So they're going to hire
more baristas. Do remember that Starbucks, once upon a time
was a company that was supposed to be in the
business of coffee. For coffee, you do actually need a barista,
so in somewhere, and this is the thing, this is
one of these things, and this is way you have consultants.
And I should be a consultant for Starbucks, because you

(01:25:36):
don't need to be part of the company to understand
what's going wrong with Starbucks. Starbucks have lost their ways,
and I would argue where the warehouse is the same,
the warehouse has lost its way. What it's set out
to be and what it is are two different things.
Starbucks no longer makes coffee. If they stuck to coffee,
if you could walk into Starbucks in order something that
you knew to be coffee, understood to be coffee, and
was called coffee and didn't come in a keg exactly,

(01:25:58):
it might well have been more successful than it is.
But the moment they went down the track of God
knows whatever it is they called those drinks, it was
always going to end in tears. Because once you offer
the wider public that array of bollocks. They're always going
to get picky and they're going to go, I want
the purple one without the sugar and the bendy straw,
but in a small cup and then put a twist

(01:26:19):
on it. And the next thing you know, you're reinventing
yourself every second day, and no one understands what's going
on in the moment that no one understands what your
business is, you've lost your customer base. And that's fundamentally
what's gone with Starbuck's. So so far A fixed to Toyota.
I fixed Starbucks. And the warehouse needs to look more
like Briscoes. And you know where you're at with Briscoes.

(01:26:41):
You don't know where you're at with the warehouse.

Speaker 18 (01:26:43):
I believe there might be a sale on actually at
the moment at Briscoes.

Speaker 2 (01:26:46):
Do tell nine away from nine the mic.

Speaker 1 (01:26:49):
Hosking breakfast with Bailey's Real Estate News Dogs.

Speaker 2 (01:26:52):
There'd be like, might a tenant blend them now selves onions, bread, chocolate, biscuits, eggs,
ginger beer. See that's mixed messaging to me. I go
in there for a wheelbarrow. I'm not expecting bread. You
know what I'm saying? Can I just quickly. I don't
think I've got to it. John Hamm is getting quite
a bit of buzz at the moment. John Hamm of

(01:27:13):
mad Men. I never watched mad Men, but they tell
me it was a success and those who watched it
thought it was okay. Anyway, he's done nothing. By way,
he got a bit of a role in the Morning
Show with Jennifer Anderston. But he's done nothing lead wise
four years.

Speaker 18 (01:27:28):
Are you serious? He's in every second program as a lead.

Speaker 2 (01:27:32):
He's done's the.

Speaker 18 (01:27:34):
Bad guy and the last season of Fargo.

Speaker 2 (01:27:37):
No, not as the lead.

Speaker 18 (01:27:39):
He was in Landman the latest Taylor Sheridan joined.

Speaker 2 (01:27:43):
Not as the lead, not as the star of the show.
He's just in stuff, is what they're saying. I'm getting
this from Vanity Fair, Glynn. Don't don't battle me on
Vanity Fair. They say they hasn't had a job lead
lead in fifteen years, Google, Google Chat, GBT. Has John
ham had a lead role since mad Men? Tell me
what it says. Anyway, He's in Your Friends and Neighbors,

(01:28:07):
which is on US streaming service. Okay, and it's sensational,
absolutely sensational. Five minutes away from nine trending.

Speaker 1 (01:28:17):
Now as well book in your flu vaccination today.

Speaker 2 (01:28:22):
Back to the Trump cabinet meeting today where they sit
around the table and tell you everything is fabulous, despite
the fact it's not. Here's some news that they were touting.
Listen to the sea if you believe it.

Speaker 5 (01:28:33):
During the Biden administration, he has become a collaborator in
child trafficking and for sex and for for slavery. And
we have ended that. And we're very restively going out
and trying to find these children. And so wee hundred
thousand children that realize administration.

Speaker 2 (01:28:52):
Yes, so the Biden administration lost three hundred thousand children.
So rfk's out there looking for him. That's that's a
QAnon cannspiracy theory. Hard to believe it's a quan On
conspiracy theory, but it is apparently. Anyway, then Pam as
in Bondie, as in Florida, she's telling Trump, she's he's
saved seventy five percent of America from death, thirty.

Speaker 4 (01:29:14):
Four hundred kilos of fentanyl since you've been your last
hundred days would saved?

Speaker 8 (01:29:19):
Are you ready for this? Media?

Speaker 20 (01:29:20):
Two hundred and fifty eight million lives kids are dying
Africa because they're taking this junk laced with something else.

Speaker 4 (01:29:29):
They don't know what they're taking.

Speaker 8 (01:29:30):
They think they're buying a tilenol or an auterall and.

Speaker 20 (01:29:32):
As the NX, and it's laced with fentanyl and they're
dropping debt and no longer because of you.

Speaker 2 (01:29:37):
What you've done, she sounded angry at him, what you've done.
What you've done is going to tone it down, Pam.
So if she turned fifty eight million lives would have
only left eighty million people in America. It's not many
people in America to governor anymore. So, thank goodness, he
saved tenundred fifty.

Speaker 18 (01:29:53):
You wouldn't need dosee anymore, would you do?

Speaker 2 (01:29:54):
You certainly don't need those when you're saving lives. And
mind you, the population is going to grow once they
find those three hundred thousand children. Please, they're busy. That
is us, my Firmus and I will return tomorrow from
six Happy Days.

Speaker 1 (01:30:15):
For more from the Mic Asking Breakfast, Listen live to
news Talks at b from six am weekdays, or follow
the podcast on iHeartRadio

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