Full Show Podcast: 03 July 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
New Zealand's home for trusted news and views, The Mic
Hosking Breakfast with the Defender Doctor the most powerful Defender
ever made and us togs Head b Will you welcome today?

Speaker 2 (00:10):
An idea of costant Richard Thomas's has been blocked by
the government. Pr and Fred's government was the one.

Speaker 3 (00:15):
With the idea.

Speaker 2 (00:16):
A new original deals announced, Donner's Q Town and Orplunder
Your Winners will explain more. Jason Eldean winded.

Speaker 4 (00:22):
Up downing Wow.

Speaker 2 (00:27):
Dad's bopping in from Nashville for a word after righte
Joona Kennis and Italy rod Littlton as the UK covered
off for this as well, paskingday morning, welcome to at
seven past six? What we need? I was thinking to
myself yesterday. What we need is, are are you sure
we know what we are doing before we rush into
this catalog or guide? So the EV story might turn
out to be one of the worlds And certainly the

(00:48):
transport industry's biggest headaches is company after company admit they
leapt and way too quick to electric brought into all
the government led madness on climate and invested god knows
how much to transfer to a mode of movement. The
world wasn't ready for or wanted. Evs were sold as
a well way more than they ever were, and now
even the scientists are waking up. We've got a very
good piece of reading I'd recommend to you from doctor

(01:09):
Carolyn Shaw, published in the Journal of Epidemiology and Community Health,
whereby they do what we really should have done at
the start. They look at the ev in totality. Don't
get all hyped and hooked up on emissions. I mean, yes,
emissions in an EVV petrol debate drop, but what about
the rest of it? They looked at all sorts of things.
The extra weight for example, therefore the extra wear and tear,

(01:31):
the weight and therefore the potential for injury if you
get hit by something way heavier. The cheapness of driving,
therefore you drive more. Therefore our fitness drops as we
drive and don't walk. Myriad of things that should have
been thought about and scoped on day one, and weigh up.
Because here's the end result when you add all that
stuff up, the good, the bad, and the ugly. Electrifying
cars would lie somewhere, she says, between harmful and neutral?

(01:54):
Are you serious?

Speaker 3 (01:55):
Harmful?

Speaker 2 (01:56):
Going electric could be harmful. Would it have not been
useful to a few of those ideas to understand right
at the start before the subsession took off, Or like
so much ideology, do the details not really matter as
long as we can leap on the old bandwagon, take
a small piece of the bigger picture of Milcote for all,
it's worth knowing that we can leave the reality and
the clean up for another day. This, by the way,

(02:16):
is not anti ev It's just simply the realization that,
like most things in life these days, what was the
answer was the obsession was the next new thing actually
turns out to be just another piece in a way bigger,
more complex picture than the obsessive ever care to learn about?

Speaker 1 (02:32):
What news of the world in ninety seconds.

Speaker 2 (02:36):
Jury after yesterday, telling us they had intractable views on
both sides, settled their differences and gave us not guilty
on trafficking but guilty on the rest.

Speaker 5 (02:43):
Of course, we would have liked to have seen a
conviction on the sex crimes and Rico, but we understand
that the unreasonable doubt is a high standard, and we're
just pleased that that he still faces substantial judt.

Speaker 2 (02:57):
Not all the legal profession.

Speaker 6 (02:58):
We're happy.

Speaker 7 (02:58):
I guess the jury felt if if you consented at
the beginning, you can't revoke it. And that's an old
way of thinking. That's definitely not a way of thinking
during the Me Too movement. But we're now living in
a post Meto environment.

Speaker 2 (03:10):
Here's his former publicist.

Speaker 8 (03:11):
He was our Generations bonum.

Speaker 9 (03:15):
He put on a show. Wherever he went, it was
a production.

Speaker 3 (03:20):
He's one of the most charming people you will effa
effa meet.

Speaker 2 (03:26):
That sounds a lot Richard Quist, but it isn't. As
the jail time could be interesting.

Speaker 10 (03:30):
Little mister Combes was acquitted of these the charge of
rico and the charge of sex trafficking. The judge can
nonetheless consider the evidence that was presented by the prosecution
in those two instances and can use that against mister Combes.

Speaker 2 (03:46):
Up north in Washington, the houses back and forthing on
the Big Beautiful Bill. A lot of attension and potential fallout.
Of course, next year when America gets to vote.

Speaker 11 (03:53):
In many ways, this feels like a flashback to the
twenty eighteen campaign cycle. At that time, you know, Trump
was in his first term and facing his first midterm,
and at that time the main issues that the Democrats
looked to push in the midterms were taxes and healthcare.

Speaker 2 (04:09):
Yeah, Donald's Almighty loon, by the wise, had another bad quarter.
Deliveries tanked again, shears down again. Reputation the issue.

Speaker 12 (04:16):
Tessa has waffled on its plans to make more affordable
vehicles over the last few years. I mean Musk preferred
going down the road of doing the cyber truck, and
especially the higher end of the cyber truck. Remember that
was supposed to cost forty thousand dollars. We haven't seen
any price close to that.

Speaker 2 (04:31):
Finally, hold the salami. Researchers have a study, or well
it's a study of studies, lots of studies the relationship
between process meat, sugary drinks, and transpati acids. The conclusion
is there is no safe amount of process meat you
can eat. No safe amount, even a small amount is
linked to an increase now in developing type two diabetes,

(04:53):
heart disease, or choloryctal cancer. I mean, wash it down
with the cocin the donut. You may as well build
your own coffins. Afews of the World of ninety ye
three hundred and eighty four thousand deliveries. This is globally
second quarter fourteen percent decline, a second straight quarterly decline.
Shares are down twenty six percent so far this year. Trump,
by the way, has also announced a deal on Vietnam.
This is a trade deal. They've settled on twenty percent.

(05:13):
He's claiming the US get terror free access to Vietnam.
Vietnam pays twenty percent. If you try and shuffle something
through Vietnam from another country, Vietnam starts paying forty percent.
So it seems like a reasonable deal from the American's
point of view. Twelve past six.

Speaker 1 (05:28):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talk.

Speaker 6 (05:34):
ZEP very much.

Speaker 2 (05:36):
Looking forward to catch up with Rod later on this morning.
Rachel reeves, if you've missed it in PMQ's was in tears.
So this is all on live television. It was a
market mover, and so the bond rate went up and
the yield went up, and they can't afford that to
happen anyway. So there's some genuine concern about what the
hell is going on. They're not calming. They say it's
a personal matter, but there's some dispute around that. But

(05:59):
you can't have the Minister of Finance, the Chancellor bawling
their eyes out at PMQ's and everyone pretending nothing's happening.
So more later fifteen past six, are back from Jemo
World to Andrew Keller had good morning, very good morning, Mike.
If Canterbury ain't firing, no one's firing. What the hell
is going on here?

Speaker 6 (06:17):
I don't know.

Speaker 13 (06:17):
Hey, before we go into that, that couple of things,
remember twenty twenty two Liz Truss bond vigilantes, bond market
sold off, sunk the government and the second thing yet
gave those Tesla numbers there how many cars did by dsail.

Speaker 2 (06:31):
More than Tesla is my six.

Speaker 8 (06:34):
Hundred and seven thousand in the quarter.

Speaker 6 (06:37):
So there you go.

Speaker 8 (06:38):
Anyway, Yes, we can't have this.

Speaker 6 (06:39):
We can't.

Speaker 13 (06:40):
As you know, we've been spooking the Canterbury region as
a sort of shining light in New zeal necklong landscape
for months. You know, it's been christ it's been the
number one city and we've talked ad nauseum about this,
but is the shine coming off? Look, we know Christ
it's just sort of buoyed by the aggre sector. We
know places like Auckland are less directly impacted and I
was that make me think about Hamilton.

Speaker 6 (07:01):
We should look into Hamilton.

Speaker 13 (07:02):
Surely the tron should be getting some of that dairy
halo effect as well. Anyway, two weeks ago Canterbury swept
the table in ASB Regional Economic scorecard.

Speaker 6 (07:11):
For Q one.

Speaker 13 (07:12):
But Business Canterbury put out a pressure release yesterday saying
that business confidence has peaked, peaked last December. Now it's flatlining,
so the upward trajectory has not continued, So what's going on?

Speaker 6 (07:22):
They don't actually give.

Speaker 13 (07:23):
The actual numbers in the release, but even in Canterbury
they say that consumer confidence in demand has been slower
to rebound and anticipate it.

Speaker 6 (07:32):
It is still positive.

Speaker 13 (07:33):
Fifty nine percent of business that are expecting to hire
staff in the next twelve months, which is pretty good,
and sixty percent expecting them to invest in property, plant
and equipment. That lifted from the previous quarter. But come on,
we can't have Canoe Wilton, honest can we.

Speaker 2 (07:46):
No next thing it will be the farmers will be
in trouble. Barfoot and Thompson, who are the biggest player
in Auckland real estate. So what we got We've got
prices up sales up Andrew is the better live? Am
I winning? Are you winning?

Speaker 13 (07:56):
We've got the we've got the little wager going on it.
What I would say by is if we bet on Australian.

Speaker 6 (08:02):
House prices, it will be in close.

Speaker 13 (08:04):
Yeah, the regional areas in Australia at five and a
half percent. Unfortunately we didn't We're looking at New Zealand.
But yeah, Barfton Thompson numbers for June.

Speaker 8 (08:11):
There's a bit of a glass half full, glass half.

Speaker 13 (08:14):
Empty thing going on here depending on your proclivity. Sales
numbers are down versus May, but price is a little
bit better. Now we know that Auckland area has been
a bit of an anchor at the moment in terms
of dragging.

Speaker 6 (08:26):
Down national house price figures.

Speaker 13 (08:28):
Barfend and Thompson, the Auckland's biggest agency's sold eight hundred
and seventy six properties in June, well down from May.
There are seasonal factors there, started winter and all of that.
What is interesting though is that's twenty nine percent higher
than June last year and prices have firmed up, so
the average price four percent higher than May.

Speaker 6 (08:45):
It is quite a bit lower than last year.

Speaker 13 (08:47):
Now it's not a huge sample sized composition issues there,
but interesting nonetheless, But the data that they released yesterday high.
It's the main issue in the housing market moment. That
is supply for the June month in ventry for Baft
and Thomson at the highest level for a June month
since two thousand and eight, seventeen years.

Speaker 6 (09:06):
That will take a while to budge right now.

Speaker 8 (09:07):
The plus side of that those that buyers have.

Speaker 6 (09:09):
Options, don't they Yes, they do.

Speaker 2 (09:11):
And because of July four, we're going to get these
non farm payrolls, which is critical.

Speaker 13 (09:15):
Yeah, there's look, we normally get non farm payrolls. We
normally sort of missed this number because it's always released
on a Friday when we've packed up and we've left
for the working week, so we have reviewed on a Monday.
But because Friday is July the fourth big day for
our American friends, big holiday, so they're releasing non finn
players a day earlier. It's important, particularly pointed this month
because the focus on the fair Trump's insistems that power

(09:37):
drops rates. Laby Marker is a key part of that puzzle.

Speaker 3 (09:40):
Now.

Speaker 13 (09:40):
Earlier this week, my job openings came out surprise to
the upside which indicates the job marker is a bit
stronger than inspected. But then last night the look the
ADP employment report, which sorts of the private sector hiring
is contracted quite sharply.

Speaker 6 (09:54):
That was a big miss to the downside.

Speaker 13 (09:56):
Private payrolls lost thirty three thousand jobs economs respecting one
hundred thousand dollars lift so way off.

Speaker 8 (10:03):
So it's becoming really much harder to call non farm payrolls.

Speaker 6 (10:06):
There's a bit of mystery about tonight.

Speaker 2 (10:07):
Interesting.

Speaker 13 (10:08):
One of the numbers dal Jones is down twenty five points,
which is not much forty four thousand, four hundred and
sixty eight. The S and P five hundred up nineteen
points point three of a percent sixty two one seven,
and the NASDAG is up one hundred and seventy points
point eight four percent twenty thousand, three hundred and seventy three.
The Forts to one hundred overnight lost eleven points. Although

(10:30):
you did comment and I think we should point out
the bond market spike there that will affect our bond
rates a little bit today.

Speaker 8 (10:36):
I would expect to see them a little bit higher.

Speaker 13 (10:38):
The Forts to one hundred lost eleven points eight seven
seven four the nicke thirty nine thousand, seven hundred and
sixty two. It fell half a percent. Shanghai composite down
three last night, three.

Speaker 6 (10:48):
Four five four.

Speaker 13 (10:49):
The OSSI's yesterday gained point six six of a percent
eighty five nine seven. The clothes and the A six
two hundred and the ends a nex fifty twelve thousand,
seven hundred and eighty four another positive point three nine
percent fifty points higher. Kiwi dollar point six eight one
against the US point nine two four seven Ossi point
five to one five five US, the Euro point four

(11:10):
four six go against the pound eighty seven point three
eight Japanese yen gold three thousand, three hundred and forty
nine dollars on break crit.

Speaker 8 (11:18):
Has picked up a bit sixty eight dollars and eighty
four cents.

Speaker 2 (11:21):
Well mate Si tomorrow, Andrew kelliher Joemiwealth dot co dot
n zen skaking of oil and gas. Gas prices are
going to range between three dollars ten and three fifteen
a gallon for July four the afore mentioned. That's down
from three forty nine last year, cheapest gas for a
summer holiday since twenty twenty one, so inflation adjusted just
to give Mackey jealousis to what people pay in America

(11:41):
for gasoline three sixty eight in June of twenty one,
five forty three in June of twenty twenty two some states.
Depending on where you go, you can say fifty six
cents in Ohio, forty three in Florida, forty two in Kentucky,
and forty two in Michigan. I was paying two to
eighty eight Alita yesterday, six twenty one. You read News Talks.

Speaker 1 (12:03):
The vic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at.

Speaker 2 (12:09):
B Actually speaking of jobs, Microsoft globally another nine thousand
earlier on in May they did six thousand, so nine
and six would be something close to fifteen thousand. It's
a lot of jobs. I also read yesterday, as part
of the whole trade tariff thing, the first widespread pullback
in online category growth in over a decade. In other words,
people are not buying online anymore the way they used to. Infact,

(12:32):
office supplies are down thirteen percent, sporting goods of down
twelve percent, cosmetics, furniture and homewares down over ten percent.
So there's a material effect of Trump's teriff policies on
people buying stuff online six twenty five.

Speaker 1 (12:45):
Trending now with the Humor Squarehouse your home of winter essentials.

Speaker 2 (12:49):
Philsteiner's weekend for the F one. Of course, another weekend
of the future of Max with Stapfan is really all
they want to talk about. So but Steppan's contract to
bringing up to Speedies with Red Bull, of course, it
ends in twenty eight. There is a clause apparently that
says that he's not the top four of the Driver's
Championship by the summer break that's coming up in a
couple of weeks, then he's out or can leave his
third currently didn't get any points last weekend because Antonelli
drove into him. Russell George Mercedes last weekend decided to

(13:13):
tell the world that his contract, which is up at
the end of the year, hasn't been sorted yet because
Toto's having a word with Max. So everyone went on Hello.
Toto says, yes, we're talking to Max, but resigning George
as a matter of when, not if. Horner Red Bull
seys there's a lot of noise going on here, which
is true. But they're very clear about the contract with Max. Well,
I'm sure they're clear about it, just doesn't mean that

(13:34):
Max has to stay anyway. The Italian media this morning
says Max has told Mercedes he wants to move to
them enter Martin Brundle.

Speaker 14 (13:41):
What do we know that's factual? Well, George Russell has
not been announced for next year and that's highly unusual
because he's doing a brilliant job for Mercedes Band. He's
picked up the mantle beautifully after Lewis Hamilton's exit, So
for him to be hanging there still without clarity as
we head into the halfway Paul at the British Grand
Prix is unusual. I think called the contract recognition board

(14:04):
in Formula One, where everybody's contract is lodged centrally in
Switzerland and any disputes are handled like that. But you know,
can you keep an unhappy driver in the seat? Max
comes with a little bit of baggage. It's not the
easiest group to handle and say he's broken. He's broken
his teammates, so you know, if you're running a Formula

(14:25):
One team and verstappens in the marketplace, you've got to
consider hiring him.

Speaker 2 (14:30):
Exactly. It's funny that because my contract's held centrally in
Switzerland as well.

Speaker 4 (14:33):
Thought, you've also broken your teammates.

Speaker 2 (14:36):
Unique to me, but clearly not other thing. By the way,
watched a very good piece of the race of hereing
to with one. You'll know what the race is anyway.
I watch a very good piece Botes to Elpen Botes
to Elpene. Before the end of the season. Is they
jettison colo Pinto out? Colo Pinto was the great hype
apparently when doing wasn't what he turned out to be,
So doing gone colo Pinto gone. Bot Essen. Back to

(15:00):
the housing that Andrew raised a couple of moments ago,
he gave us Barfoot and Thompson, which is is Auckland.
I'm going to give you some numbers nationally in just
a couple of moments after the.

Speaker 1 (15:08):
News, setting the agenda and talking the big issues, the
mic hacking, breakfast with Bailey's real estate altogether better across residential,
commercial and rural news.

Speaker 9 (15:19):
Togs Head been.

Speaker 2 (15:20):
It's very good news on the economy. The Interdex head
of dairy Insights, Christina Rolvarado. This time yesterday we're telling
you about the dairy auction result fourth one down and
yesterday was a fairly big drop. So there were a
few people going, Oh Jesus, I wonder what this means.
So her argument is, and I think she's probably right.
At this particular time of the year, the US still
got a lot of products, the old supply demand equations working.

(15:42):
Europe have got some products in the marketplace, but they're
going out of season, so in other words, their product
input will drop as ours peaks, so in other words,
will swap it out. Therefore, she's still bullish on this
season's ten dollars per kilo. So I think we'll take
that way. We twenty three to seven. You've got a
lot of weather or a little Joe McKenna, there's a
lot of heat there, and we got some other issues

(16:05):
to deal with improving exports and jobs in the July
ninth deadline, which I note over the weekend Trump said
July nine, Did I say July whatever? Anyway, So they're
hanging their hat on that one. So Joe's with a
shortly meantime back here housing market update for you, by
the way, this is Jason held the way for the
Nashville housing market update for you. We've got life in

(16:26):
June zero point two percent up tick that off sets
falls in April and May big one has been towering
on christ Dutch among others. Kelvin Davidson as courtallity his
chief property economist, and it's back with us Calvin Morning,
Good Morning, Main Center is more up than down, Daneeden,
Hamilton towering and christ Church. Is this bullish for Metro
New Zealand or are we getting a bit excited there?

Speaker 15 (16:44):
Well?

Speaker 16 (16:45):
I mean in some way it's a bit of payback
for a week of months last month. So I think
it's just more of the same really, but up down
overall feely flat when you average it out.

Speaker 2 (16:54):
Indeed, should we be looking not taking anything away from
the very good work you do. Should we be looking
at monthly numbers or quarterly numbers or yearly numbers to
get a broader read, because you must have some noise
in a monthly number, mustn't you.

Speaker 16 (17:06):
Yeah, I'm tending to look at the three months comparison
right now. I think that's probably the more representative because
it is just a bit patchy. But Verigal mean an
annual comparison is probably a bit long because it depends
on which period you're looking back to a year ago,
whether it was strong in a week. So I think
three months are a good measure of what's going on
right now.

Speaker 2 (17:24):
What happens next week? Do you think do we have
another conversation around the R But it seems increasingly likely
they're not going to do anything. So this whole mortgages
are coming down, they're still cutting. Thing suddenly takes another turn,
doesn't it.

Speaker 16 (17:36):
Yeah, I mean, I think they'll probably hold the OCA
next week, but there may well be a cup coming
in August, so I think there's still more to come
on that. But the pass through to mortgage rates could
be fairly limited because the banks have probably already acted
ahead of there anyway. But I guess in terms of
passed through, there's also an issue that people are focusing
on with a lot of people out there on their

(17:57):
existing mortgages are currently still paying about six percent coverage,
so there is still a pass through to come as
people get down towards five. Now what they choose to
do with that money is another thing. They might save it,
they might reduce the term of their loans, so it
might not necessarily slow through to the market.

Speaker 2 (18:12):
Are there individual stories in markets like fung arraise up
why versus Queenstown which is up? And I can tell
you that because it's beautiful and tourism and all that
sort of stuff. So it depends where you look.

Speaker 16 (18:23):
Yeah, it does and again in the month or months
and becomes part of it. I think fung Aray, for example,
had a couple of weekly months prior to this. So
it is a bit a bit variable. I mean, you
can probably point a little bit to a story of
kind of region, a bit more growth in regions where
maybe dairy farming is still going fairly well. But I
think in generally the big common factors lots of listings, week,

(18:45):
labor market. Yeah, those things are really the key restraints.

Speaker 2 (18:49):
Its longer listings that the houses and I follow some
of them been stuck there for a very very long
period of time. Is that what's brought about the large
number of so called listings. In other words, you've got
your fresh and turnover, but you've also got houses that have
been there for you know, a year, if not towards
two years now.

Speaker 16 (19:05):
Yeah, and we sort of loosely refer to that a
stale stop. You know, people have looked at it a
couple of times and you know, going, no, I'm not
I'm not buying that.

Speaker 15 (19:13):
The vendor's not budget on.

Speaker 16 (19:14):
Price, So you know, you could argue that's maybe not
really on the market. But yeah, there are still a
lot of listings, but we are getting back to a
position now where sales are more normal, so then we
will see their listings overhead start to fall. But you know,
it could be slow progress. I think it's it's still
a biased market for while.

Speaker 2 (19:31):
Yeah, that's true. I've got a bit with Andrew Keller,
who are money Man. I said to calendar year seven
percent growth by the end of the year. I said
this obviously at a different time of the year. I'm dreaming,
aren't I.

Speaker 16 (19:43):
Well, who knows what might happen over the next six months.
But yeah, we've only we've had less than one percent
in the first six months of the year, so would
take quite some acceleration get to that number. So I
mean we're we're probably predicting maybe two to three you know,
pre soft markets twenty twenty five.

Speaker 2 (19:57):
Okay, good on you, Kelvin, Thanks for that. It's not
your fault. Kelvin Davidson, chief property economists at Kotality. They're
nineteen minutes away from seven pass. Speaking of houses, the
surf park, we had John Coban on a couple of
months ago. The surf park north of Auckland's absolutely fantastic
idea thirteen hundred and fifty deiry Flat Highway, Silverdale, and
they got forty three hectares and they've got house extensions.

(20:21):
They're part of fast Trak, is the news yesterday. So
they're part of the fast Track. They're gonna put a
whole lot of houses in there, and they're gonna put
the surf park and the water is going to be
twenty degrees and they're gonna have between five hundred and
one thousand waves an hour and they're going to build
it and you will come. So that's all part of
fast Track. Speaking of fast Track, Chris Bishop, with this thing,
I read it yesterday. It reads like Luxon wrote it.

(20:43):
It's got that and we're gonna look and conceptualize and
we might be able to do something between this is
the central government, local government thing, the regional infrastructural turbo charge.
We'll try and crunch down and get a bit of
actual detail from Chris Bishop up to seven o'clock eighteen too.

Speaker 1 (20:59):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (21:04):
It be paramount should be forever ashamed of themselves. They
we alluded to this yesterday, the announced overnight they've cut
a deal with Trump. This is the sixty minutes. And
to be with Kamela Harris, there was nothing wrong with it.
They didn't cut it any differently. It was proven to
be not cutting any differently. But Trump had to go
at them. And when Trump has to go at them legally,
and you happen to be a company that's got a
merger and play and you need the president to pass
that merger off, you tend to write a check. And

(21:26):
how BIG's the check? Sixteen million bucks includes plaintiff's fees
and costs, and will not be paid to Trump directly,
but goes to his Library's Presidential Library. The settlement does
not include a statement of apology or regret. Lord only
knows how you feel if you work for CBS six forty.

Speaker 17 (21:40):
Five International correspondence with ends and eye insurance, Peace of
mind for New Zealand Business and Eily Joe.

Speaker 2 (21:47):
McKenna, very good morning to you.

Speaker 18 (21:48):
Good morning mate.

Speaker 3 (21:49):
What is it?

Speaker 2 (21:50):
Ten to nine? Caught to nine?

Speaker 8 (21:52):
Ah?

Speaker 18 (21:52):
Yes, thanks for keeping me awake.

Speaker 2 (21:54):
Yeah, no worries at all. My apologies but we pay
you the big bucks, Joe. You never forget that. How
what sort of temperature you're sitting in at the moment.

Speaker 18 (22:01):
Oh, it's not pleasant. It feels like thirty degrees right now.
But we've had as high as thirty seven in Rome
today in June.

Speaker 2 (22:08):
I mean the thing about thirty six is not the
end of the world in Rome and southern Europe, but
I mean in June, it's unusual, isn't it.

Speaker 17 (22:15):
Yeah.

Speaker 18 (22:15):
I think they're saying that the temperatures are up to
five degrees higher than usual as we've seen right across
Europe at the moment.

Speaker 2 (22:22):
And is it relentless?

Speaker 3 (22:23):
Is it?

Speaker 2 (22:24):
Day in day out?

Speaker 18 (22:25):
Yeah, that's the funny thing. I think down south in
New Zealand and Australia you might get a few hot
days and then a bit of a storm and a
change of temperature. But here it just goes on and
on and on.

Speaker 2 (22:37):
So you've got people in hospital yet what's happening.

Speaker 18 (22:41):
Yeah, the hospitals are saying there's been a twenty percent
increase in the people showing up at emergency rooms. We've
had two tourists die on the beaches in Sardinia, probably
from a heart attack. Or overheating. So there's some real
concern about the elderly in particular across the country. Also
people working outdoors. The government is really issuing alerts saying

(23:05):
that people working in construction or working in the fields
in agriculture should be out of the sun between twelve
thirty and four o'clock in the afternoon.

Speaker 2 (23:14):
Exactly. Now, what happens July nine? I'm reading over the
week in the White House said this July nine thing.
Maybe it's on, maybe it's not done. How does that
how does itally dubtail into that?

Speaker 18 (23:24):
Well, we know this whole argument about tariffs keeps going
around in circles. But today the head of the main
Italian business group, Manuel Orsini was very strong saying that
Italy risks losing twenty billion euros in exports and one
hundred and twenty thousand jobs next year if these ten
percent tariffs go ahead on European products. Georgia Maloney, the

(23:47):
Prime Minister, has tried to downplay the potential impact, but
I think there is real concern in business about what
sort of impact it's going to have, not only on
food stuffs, luxury goods, leather, pharmaceuticals and machinery as well.

Speaker 2 (24:00):
But the reality is you're not going to get a deal.
I mean, Vietnam got announced about an hour or two
ago and that's twenty percent. And even the special deal
with Britain, which is I can't remember what it is
it's but they still that's good on cars, but they
don't know whether it's on steel. What makes Italy think
that they've got some you know.

Speaker 18 (24:14):
Yeah, exactly. I mean, I think we saw that Georgia
Maloney was trying to weasele her way into favor with
Donald Trump. They do have a good relationship, but I
don't think that's going to be enough to save Italy
from any kind of exemption if it hits the rest
of europe.

Speaker 2 (24:31):
An Interesting you more more legal entry work visas. What
are you looking for? Who you're looking for? Can I come?
I always want to. I'd like to be an Italian citizen.

Speaker 18 (24:38):
I haven't seen too many specifics, but as we know,
the young university graduates are leaving the country. We've got
an aging population and people don't want to have babies anymore.
This is one of the lowest birth rates in the
world in Italy, so the government is taking drastic action
issuing five hundred thousand new work visas for non EU

(24:59):
nationals in the next three to four years. That's going
to be interesting. I'm not quite sure where they're going
to be. We're how specific and how educated you have
to be. At the same time, you know this government
wants to get rid of illegal arrivals.

Speaker 2 (25:12):
Exactly weird, All right, Joe, you go well, catch up
soon as Joe McKenna, who is in Italy this morning.
Isn't it funny when you hear people from other countries
say all the young people are leaving. My nephew from
Rome a couple of years ago came here, thought we
sucked and ended up in Australia's having the time of
his life. Be that as it may. So they're leaving Australia.
Young people leaving Australia. Young people are leaving Italy. Young
people are leaving America. Young people are leaving England. Young

(25:34):
people are leaving New Zealand. Where all the young people go?
Where are where they go? Space? By the way, Europe
are looking increasingly. It's interesting. Yesterday this reportage was in
the Australian media. Europe is because of Trump and the
problems they've got around trade. They're looking increasingly to us
in the Asian what the Australian media called the Asian Region,

(25:56):
and they started referencing they want to increase ties with
the Asian Region and they're looking at the CPTPP and
the report it says as follows the CPTPP, which includes
Australia as well as Japan, South Korea and Canada. Hello,
we're on that one as well as a very Australian
to leave us out, so increasingly Europe looks cut. Now
here's the next question I ask you, And if I remember,

(26:18):
I'll asked Luxing about this one day, because we leaped
in on the EU deal and it's not a flash deal,
the free trade deal, it's not a flash deal. Australia
walked away suddenly. The EU rang up Australia the other
day and said, let's talk some more. Are Australia going
to get a markedly better deal with the EU than
we got and we would have been better to wait

(26:40):
hindsight and all that. Nine minutes away from seven.

Speaker 1 (26:42):
The Mike Hosking Breakfast with the Defender octur use.

Speaker 2 (26:46):
Tom sad b full update to Punakokari looking into this
business OFFUNA or at the commissioning. This is the electioneering
charge and also one in PACIFICA. They've already started to play.
Remember when Tama Potucker was on the program last week,
he goes asap. I said, when's the report coming, Tamari
gaz asap. That's not true, As it turns out, more
shortly five minutes away from seven.

Speaker 11 (27:07):
B.

Speaker 3 (27:07):
The ins are the outs.

Speaker 1 (27:09):
It's the fizz with business fiber take your business productivity
to the next level.

Speaker 2 (27:14):
So cars, Tesla had a bad day, told you about
that Stilantis, which is Ram, Dodge, Alpha Mersean, not Mercedes Maserati.
So they turnaround in America not going particularly well because
their sales are down this morning ten percent. This is
for Q two. So Tesla tanked, Stillantis down ten percent.
Ford's going well. Their sales are up fourteen percent. They

(27:36):
thought one point four percent. So why ask an expert
because they clearly don't know. Six hundred thousand new vehicles
and Q two led by the F series trucks because
Americans love trucks best quarterly since twenty nineteen. In fact,
as par as trucks are concerned, eighty three thousand electric vehicles.
Now that's a six point six percent increase. But you've
got to be careful about electric vehicles because of those
electric vehicles pure evs. See they call hybrid's evs and

(27:58):
they're not. So if furey vs are down thirty one percent,
hybrid's they were up twenty four percent. Most cars are hybrids.
They say he's got a little bit of battery or
something in there. I think they've got to separate those
out as categories, otherwise you're confusing people. First half of
the year, four sold a record amount of bvs and
hybrid's up fourteen percent. I think a bit of that's tariffs.
People freaked out about what was going to happen on
Liberation Day, so they went and bought a car. GM

(28:20):
sails up seven point three for the quarter, twelve percent
for the first half of the year. Once again, the
trucks and the crossovers lead the way. Keia up eight
best result ever. Shouldn't they up ten percent for the
first half. That's their best result ever. Very interesting comments
from Jim Farley, who's the chief executive Ford globally. He's
been driving a Chinese Eva is Ziomi. I keep asking

(28:43):
what it is, zomy Yomi whatever the hell they call themselves.
He's been driving the SU seven for six months. He
says he doesn't want to give it up, which is
a remarkable thing for somebody who leads forward to say
about a Chinese car. He says, this is a warning
to the Western world. He's right, of course, if we
lose this, we do not have a future forward. Seventy
percent of the world's evs are made in China. It

(29:04):
is the most humbling thing I have ever seen. Beyond
the tech. He loves the tech inside anyway, Beyond that,
their cost, the quality of their vehicles is far superior
to what I see in the Red West. And this
guy runs a company in the West, sitting there in
his Chinese EV in charge of a company in the West,
telling all the people who worked for him that the

(29:26):
Chinese had got it covered. That's where you get to Mercedes.
Have I come back to that. They've backtracked on their
V eight. You know, their boom broom V eight AMGV eight.
They took that out of their AMG cars and they
whacked in a poor cylinder two liter And they thought
that people who want to buy broombroom cars would think
that was a good idea. Guess what they didn't, so
they backed down on the V eight. But I'll come
back to that later on the program. Nicola Willis had

(29:48):
an idea and she stole it from Labor to cost
out election policies. She took that to cabinet Winston and
Dave went not happening. Steven Joyce on this next.

Speaker 1 (29:58):
The Breakfast Show KIWI Trust to Stay in the Know
the mic hosting Breakfast with A Veda, Retirement Communities, Life
Your Way News tog SAD been.

Speaker 2 (30:08):
On seven past seven. So interesting development within the coalition.
New Zealand First and Act have rejected a cabinet proposal
for an independent costing agency. The idea was you wrap
numbers around your promises in an election. That's increased transparency
and therefore the fiscal whole drama of the past year
or so doesn't happen. Stephen Joyce has been there, done
that form of Finance Minister is with this morning to
you Monnie, Mike, tell you very well. In so back

(30:29):
to twenty sixteen, this was a Labour Green's idea that
Simon Bridges rejected. So you know of it, would you
have backed it? Is it a good idea?

Speaker 3 (30:35):
Or not.

Speaker 19 (30:38):
It could be helpful in someway. It's important to note
I think this idea is a bit different to that.
I mean, it's the same bucket. But what the Finance
Minister's proposing is to cost individual policies at the request
of the parties involved, which I think does deal with
a problem that happens when you're in opposition is that
you don't have access to the information. So you have

(31:01):
to go chasing around oias and parliamentary questions to try
and get enough information to build a policy which stands
scrutiny when it gets out in the public. And it's
a lot of fun for the government of the day
to try and withhold all that information and then go ah,
but to ridiculously costed policy. And so that would help
with that. But it's a bit different to what was

(31:22):
being proposed by Laboring the Greens back then, because they
wanted to cost the party's fiscal policies. Of course, we
had an experience about that in twenty seventeen which I
was involved in, was that Fiscal Whole and Labor came
out with some numbers and I bagged them for being

(31:42):
about twelve billion short. I got bagged in turn. But
that's politics. I think I.

Speaker 2 (31:48):
Think it turned out to be right though, didn't you, Stephen?

Speaker 19 (31:51):
I turned out to be too conservative, Mike. It was like,
in hindsight, it was about twenty billion months that actually
spent all the money. The difficulty with the thing that
was proposed back then is it just brings whatever it is,
a Parliamentary Budget Office or whatever you want to call it,
into the debate and nobody internationally when it happens, nobody

(32:14):
still accept it. It's just a different stage of the argument,
and ultimately the public just has to form a view
whether they trust individuals to spend more or less. But
this particular proposal, as I'll say, it was a lot smaller,
about a million dollars. The Public Service Commission was going
to supervise it. It was literally at the party's request for

(32:35):
them to be able to get some information. But yeah,
obviously coalition politics the other two didn't want.

Speaker 11 (32:40):
To do it.

Speaker 2 (32:41):
Yeah they don't. And do they look dodgy and not
wanting to do it or are their arguments around You
can get the numbers anyway, We've had alternative budgets and
we don't have the money to spend on this sort
of stuff. Plus, we don't trust public service all the time.
I mean, the they stack.

Speaker 19 (32:52):
Up well, I think they're they're entitled to those sort
of party positions, and you know they're just positioning with it.
ACT says, oh, you know, we know about to do
numbers anyway, so we don't need that. And I think
news on first just take a traditional approach to it,
and they just say, oh, we didn't have it for
the last forty years, why do we need it now?
So all that sort of stuff. I think, yeah, there

(33:16):
is some truth to that, is that is it ultimately
public sevens don't get it right all the time, but
I tend to get it a little bit more right
than a lot of political parties. I mean, you just
sort of green stuff recently, and that's pretty high in
the sky. And so it would be a contribution to
the baby. But don't forget the party that we've got
the costing would control whether it was released, so they'd

(33:39):
probably only release it if they actually liked it. Otherwise
they'd probably just come up with their own numbers.

Speaker 2 (33:44):
Good stuff. Always pleasure to have you on the program.
Stephen Joyce, former Finance Minister, And I don't say that
because he's the chaman of the board. I say it
because he's a nice guy. Anyway, eleven minutes past seven,
we have more money for a run. Speaking of which,
more money for I rung A Toma Riki and the
development of professionalism of STF forty one million dollars going
for what they call long standing gaps, which are training
and qualifications. Doctor clear upmode as the Chief Children's Commissioner,

(34:08):
of course, and is what is clear good morning to you?

Speaker 20 (34:10):
Good morning?

Speaker 2 (34:11):
Do we run the risk of running into the money trap,
which is just make an announcement. There's a number, everyone thinks,
oh phuil and we never sort of follow it up.
Is the money needed? Will it be well spent? Will
things materially improve? Do you think?

Speaker 9 (34:25):
Well?

Speaker 20 (34:25):
I welcome this investment because it is about the safety
and care of children and young people in our Auto
Accomodo Key residences. I've consistently been calling for this since
I came into my role as Chief Children's Commissioner, so
I am pleased that the government has listened and take
connection in this way. You are absolutely right, though I

(34:45):
will be continuing to watch very closely to make sure
that this actually translates into good outcomes for children and
young people in these residences?

Speaker 2 (34:56):
Could most people see the gaps if they were looking
in as that part of the ongoing problem. In other words,
there's a lack of professionalism. There have plenty of good meaning,
but lack of professionalism hence the lack of traction.

Speaker 20 (35:09):
Well, my team they go into these places regularly to
monitor them under the optional protocol to a gave mention
against torture, and our focus there is looking at what
is the treatment and conditions of these children and young
people in these places where they are deprived of their liberty,
and we do that to prevent harm from happening. And unfortunately,

(35:29):
in many instances we have found that the care and
treatment of these children and young people it hasn't been
to the standard that we want to see. There has
been safety and harm issues. And so building this workforce
and actually making sure they're equipped with the professional skills
that they need to do this really important work but

(35:50):
which is often complex, is really really important.

Speaker 2 (35:53):
Goodnie Claire, and as to talk to you again doctor
Claire Agmot, who's the Cheap Children's Commissioner. Wellcome back to
that Punacocara thing and the fun at Aura in a
moment thirteen minutes past seven past. Its slightly more important
at the moment, though, I'm very excited to be able
to read that ACC have agreed, and I've been on
to ACC in the last couple of weeks. Have you
listened to the program regularly. The amount of money they're spending,
the number of people who are receiving money, and the

(36:14):
shortfall is alarming. So much so, and I reiterate this,
Nikola Willis no longer adds their month near numbers in
to the government's projected surplus return or return to surplus,
if and when that ever happens, because the numbers are
so large. If she put those numbers in, we'd never
returned to surplus. So they've agreed to slash the growth

(36:34):
and claimants receiving conversation for more than a year, cut
the money they spend on social rehabilitation. The accumulated deficit
in ACC's reserves expected to increase from twelve point four
billion last year alone it was seven point two billion,
to reach seventeen billion by June of next year. Scott Simpson,
who's the minister, he's working on a turnaround plan. Good

(36:56):
luck with that, assuming it involves a wand and a
lot of magic. There are twenty four thousand people in
this country who have been on benefits acc for more
than a year. Twenty four thousand people, and you wonder
why they got no money. Fourteen past seven.

Speaker 1 (37:13):
The Like Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at b.

Speaker 2 (37:19):
Well Dean one of the biggest names and not the
biggest name in country music, been around for twenty years.
He's heading here announced the twur of this week, so
we thought we'd call them up in Nashville have a word.
So he's with us after eight seventeen past seven. Now
we alluded to it Monday with the Prime Minister. But
your regional deal winners are Auckland to Targa and the
Western by plenty of partnerships. This is between central and
local government to turbo charge of the economy. So how
does it work? Chris Bishop, Infrastructure, Minister of Courses, back

(37:41):
with us on the program Morning, Good Morning. How many
applications did you get?

Speaker 3 (37:47):
Eighteen?

Speaker 21 (37:47):
We received eighteen light touch proposals though were sort of
indicative proposals from around the country. Not everyone wanted to participate,
so Wellington, for example, as was reported, didn't submit one.

Speaker 2 (38:00):
Okay, So are these standouts or were they all good
and you could have done business with all of them potentially?

Speaker 3 (38:07):
I mean, ultimately they're all They're all good in their
own ways.

Speaker 21 (38:09):
These were the three that best met the alignment with
the government around our kind of sheered vision for closing
that infrastructure gap and you know, delivering productivity, enhancing infrastructure
for the future, around spatial planning and things like that.

Speaker 3 (38:21):
So these are the kind of the ones that stood out.

Speaker 21 (38:22):
And look, you know, frankly, from a realistic point of view,
we need Auckland to succeed right for the country, you know,
and appreciate the people out there listening and not from Auckland.
We'll say, well, yeah, yeah, Auckland or Auckland. But Auckland's
our biggest city, it's our big international city. It's a
major driver of growth and productivity in the country. And
so aligning central government direction with Auckland, with with May

(38:45):
Wayne Brown and the council around housing around you know,
when I've been on the show talking about rapid transit
and the city railroak and you know, up zoning land
or for housing. He's very keen on innovation precincts being
based there, there's.

Speaker 3 (38:57):
A lot we can do there in Auckland. So I'm
pretty excited.

Speaker 2 (38:59):
But how does it dubtor? Is this a power grab
by you guys? Because I look back to the christ
you scrap your head and they pleaded with you for
years and spent millions and wasted their time and you
said no, thank you. How much of this is about
you doing what you want versus them doing what they want?

Speaker 21 (39:14):
I think it's the better way to put it. I
reckon is about alignment. So we've set some coves for us,
or we've set some clear objectives for us, right, which
is that we've got a clear agenda around resource management reform,
actually quite supported by local councils to be honest, because
everyone knows the status quoe is unsustainable. So resource management reform,
we've got the three waters changes we're making around local

(39:35):
water done well.

Speaker 3 (39:36):
We want councils to use new tools for.

Speaker 21 (39:38):
Funding and financing, so things like infrastructure funding and financing
levies off balance sheet borrowing. We're also quite keen that
they engage some asset recycling from their own assets. Often
local councils have assets on their balance sheet that frankly.

Speaker 3 (39:51):
Our viewers could be redeployed to better uses.

Speaker 21 (39:53):
So part of the regional deal framework will be discussions
around that. And you've seen Wayne brownder that in Auckland
for example, selling down the you know, the state in Auckland,
the airport and a bit controversial for a while, but
actually it's been very verious.

Speaker 2 (40:05):
Will there be crunchy a stuff because I'm reading yesterday
it sounds like lux and wrote the thing it's all
it's all. I mean, it's all fields and touchies and
we want a bit of this and a bit of
that and has been and it's going to be fantastic.
Is there something crunchy coming that we can get our
heads around numbers, data time frames, KPI.

Speaker 3 (40:20):
Well yeah, that's all to come.

Speaker 21 (40:21):
So I think it will get crunchy once we work,
you know with the rubber hits the road on what
councils are up for doing. And as I say, we're
keen on some masset recycling on improving their you know,
their investment in local infrastructure that supports growth, because that's
ultimately what this is all about. So we're coming at
it from central government around growth and that's this government's
driving ambition, as you know, is how do we improve

(40:43):
productivity and get growth going. So there is some of
the proposals that that came in and they are all
pretty good up their own way. But some of them
came in and they were they were, to use your language,
but touchy feely sort of like, oh, let's all sit
down and comboy are and have a you know, have
a have a huey and all the rest of it.

Speaker 2 (40:59):
We don't want.

Speaker 21 (41:00):
Well, well, we're up for meetings. We're up for meetings
as long as they lead to productive outcomes. And I'm
not a guy who sits around and you know, I
don't go into meetings the shack spiders.

Speaker 3 (41:08):
We're there to actually get stuff done for the country, right,
good stuff.

Speaker 2 (41:11):
And you don't want to be in a meeting shagging spiders.
Quote of the day, that's right, you know, you don't
Quote of the day. It's only seven twenty one.

Speaker 1 (41:20):
The Mike Hosking Breakfast Full Show podcast on iHeart Radio
Power by News Talk Sippy.

Speaker 2 (41:29):
So when it comes to investing, finding the right place
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seven twenty four. I reckon there should be a rule
and the rules around balance. Part of the media's demise is.

(42:31):
It's on fairness and coverage, the latest example of which
is the school lunch program. Right, we've got a smattering
of coverage. When I say smattering, I found two things
yesterday too, one by Radio and New Zealand, who have
the same stats as story number two, which is by
the Herald Radio New Zealand. Once they produced the stats
in their story, clearly couldn't help themselves given it was
a good news story, so they went and found a
miserable principle to moan some more about the lunch program.

(42:53):
Their moan was given the previous moaning didn't work and
things weren't going back to the way they were. They
must have given up. The numbers, by the way, for
the school lunch program ninety nine percent plus delivery each day,
Complaints are down by ninety two percent, students positive feedback
through the roof.

Speaker 3 (43:07):
Now.

Speaker 2 (43:07):
The Herald story contained term three testing news new meals
with students in the trial, posting a seventy three percent
positive feedback. Now, by any standards, these numbers are a
success story. Where there was trouble at the start, the
trouble was fixed, so fairness very little the government did
this year got more media attention than school lunches. TV

(43:30):
in particular went to town on it, night after night
after night, melting plastic, burnt kids, shots of mush, finger pointing,
union reps, delivery delays. It was a feeding frenty and
the media were in boots and all. So where are
they now? Ah, Apart from two stories, where are they now?
We've got stats and detail, We have a fix. We

(43:51):
have happy kids and do remember are the reason for
it all? In the first places, we have money saved
and a lot of it. Not just money saved, but
more kids actually getting fed. So as an ex exercise,
we are doing more with less and the recipients are happy.
So where are the stories? Where's the balance? Where's the fairness?
So my rule should be minute for minute, colomage for colomage.

(44:12):
If you love the pylon, you've got to be back
to present the end result. You have to do the
right thing. You have to provide the other side, the balance,
the outcome. If you don't, then the charge of buyers
sticks it. You look like an attention seeking clickbait warrior
and you'll please for value of journalism fall flat asking,
So sad Mike to read of des Gorman's passing the

(44:33):
only trustworthy voice during the COVID cluster. I don't think
it was the only trustworthy voice, but I got written
to this morning by his family Sarah, Christine, Anna and
Emily to tell me that Desert passed away in the
early hours of this morning, surrounded by his family, which
is nicely for seventy one, which is far too young.
I want to thank you for the insightful, engaging interviews
you shared with Dad over the past five years. Lovely

(44:55):
guydeas Gorman last saw him in a car yard. I mean,
not only a nice guy, but you like car us
So we had a good chat and he hadn't been
well for a while, but he was certainly a voice
that was relied upon and trusted during the COVID period.
And so our thoughts obviously are with family and friends
of DearS Gorman this morning. So some changes coming proceeds

(45:19):
of crime Fund that you'll need to know about, and
the person in charge of that is a miss Nicole McKee,
and she'll be with us directly after the news, which
is next. Your news talk said bet.

Speaker 1 (45:29):
Your source of breaking news, challenging a villion and honors
backs the Mike Hosking Breakfast with the Defender doctor the
most powerful defender ever made and news headb.

Speaker 2 (45:40):
Justin And I'm assuming this is pre Scotus the Supreme Court.
Therefore this is still in play. So this is Trump.
The US federal judge has blocked the asylum band at
the US Mexico border. The judge argues judge called Randolph Moss.
He argues Trump exceeded his authority a proclamation declaring illegal
immigration and emergence and setting aside existing legal process as

(46:02):
he says, it's not an emergency of one hundred and
twenty eight page opinion. American Civil Liberties Union brought the
challenge back in February, and I think that's the key.
They're arguing they violated or Trump violated US law and
international treaties. So the judges agreed. But the judges also
said he had set the effective data side for fourteen
days to allow the Trump administration to appeal, which they will. Obviously,

(46:22):
the importance of Scotus is that just the other day
they laid down it was over the weekend our time,
a very significant ruling that basically says lower courts, which
is what this is, can't go round doing nationwide things
and blocking. So because this got filed in February, I'm
assuming that still counts anything posts the Supreme Court decision

(46:44):
the other day doesn't. Twenty one away, rull in the
town staff off the budge. Joseph Elban is going to
be here in the early part of next year, the
two of the full throttle tour of which he is
on globally at the moment he joined U from na
clock meantime back year, the government are adjusting the proceeds
of fund goal is reducing violent crime by twenty thousand
by the end of twenty twenty nine.

Speaker 3 (47:03):
That's victims.

Speaker 2 (47:04):
Of course, part of the change comes out of the
Harry tam two point seventy five million debicle that the
Labor government oversaw. Nicole McKee, who is the Associate Minister
of Justice and is with us on all of this.
Very good morning to you.

Speaker 22 (47:16):
Good morning Mike.

Speaker 2 (47:17):
The final report from Harry has never been seen, has it.

Speaker 22 (47:23):
It's right. I think it's about twelve months over due
now and actually shows why we need to make sure
that we make better decisions when we want to support
our communities, because our communities are the ones that need
to have good outcomes. So I've changed the fund so
that we don't do things like just throw money at
people who shouldn't have it and don't deliver outcomes.

Speaker 2 (47:44):
What is there anything in there?

Speaker 3 (47:46):
Though?

Speaker 2 (47:47):
If you give me some money and I say I'll
go do something, whether I do it or not, and
I don't file a report to tell you anything, is
there anything actually you can do about it? What are
you going to do arrest me?

Speaker 22 (47:58):
I think it will actually speak further what other programs
would get supported in the future if they don't. I
mean when they sign up. Now, what they have to
sign up to is a whole new regime. So first
of all, before we even consider them, they have to
meet certain criteria on a matrix of scoring as to
whether I will even look at their proposal. They have

(48:18):
to come through government agencies. They can't just come straight
from the community anymore. So we will always have that
extra oversight to ensure in the first place that these
projects are workable, as opposed to throwing taxpayer money because
that's what it is at the sky and hoping for results.

Speaker 2 (48:36):
So do reassure me. I'll give you a couple of
examples in a moment. But there are people out there
that you give money to that do make and you
can prove it a material difference to people's lives, because
I just worry that you're o rung and Tamaiki's all
of that. There's so much money and so many reports
and nobody seems to make any progress on anything.

Speaker 22 (48:56):
Well, if I speak to one of the projects that
we funding, and that's the Co Hunger Billy Graham Youth
Foundation program, they are already successful in the areas that
they have been operated and in fact managed to get
community funding to keep them operated operating. I'm now giving
them one point nine million so that they can expand

(49:17):
into eight other areas and the expectation is that they'll
get community funding to keep those areas going as well,
so they'll have three years to be able to do this.
So we've taken a successful program and looking to expand
it because it is making a really big difference for
our serious youth offenders.

Speaker 2 (49:34):
Good is the proceeds of crime fund being tapped as
much as it possibly can be. In other words, are
you're getting as much money in as you can do
you think.

Speaker 22 (49:43):
Well, that's always a movable feast because the money basically
can sometimes sit there for years or months depending on
court processes. So how much money comes in at any
one time is we can't determine. We don't know, We
have no idea when it's going to come in all
what the costs are for being able to process all

(50:05):
of these events and court actions as well. So for example,
six million dollars had to be paid two police to
help them with storage of some of the stuff that
they've seized and their prosecutions, and MB as well also
got paid three million dollars, So that comes out of
the fund. But if you look at the flows, we
have four income flows every year and the last one

(50:27):
was three point four million and the one before that
was one point six million. So there's some healthy amounts
coming in that will support our communities and make life
better for Keywason And good.

Speaker 2 (50:36):
To hear Nicole. Nice to talk to you, Nicole McKee,
who's the Associate Minister of Justice. Of course, eighteen minutes
away from eight tasking right, So Tama Potucker when he
was on the program, there's something to see here. I'm
absolutely convinced of it. Farner Or get some money and
they won hired Tama easy to sit there for half
an hour trying to convince you to get onto the
Maori role, and they claim farner or a metapica Roko

(50:56):
Tate tells us that's not electioneering. I don't believe it
for a moment. Then there's money funneled to the Pacific
people who then go and sponsor Mowana Pacific. And the
slightly different part of that is they claim that it's
private money, not public money. And you can probably start
dancing on the head of a pin because if you
get the public money and you say invest it for

(51:17):
argument's sake, and you then start getting a return on
that investment, they would claim that return on investment is
then private money. Therefore putting into Moana Pacific is legit.
I don't know that. I'm convinced that that argument. Anyway.
Tama wants a report into it, and he told us
on this program that he'd be getting the thing back asap,
which turns out not to be true because Tapunacocher is

(51:37):
doing it. They only release the terms of reference on Monday,
and Doug Craig, who's the director at RDC Group Consultancy,
is going to have a look at this. They were
run yesterday. They said, when you reckon because Tarma said
July and they went the Marii Development head secretary for
Mary Development, Dave Samuel's he may their words, not mine,
may release the final report. Indeed he may not. So

(52:02):
hold on who's running the program here? Is Tarma running
it or is Dave running it? Tapunacochri will need to
consider what is appropriate to release when it receives and
considers the report from the independent review. What crap's at?
That's and that, in a nutshell, is the problem with
the public service. They're so far up themselves they think
they're important. And this is where Tarma comes in. And

(52:23):
I hope he's on the phone to them saying that
report the moment you get it comes to my desk
and I'll be putting in it out publicly or else.
Yet again, I'm going to have to bring him. Sixteen
away from eight.

Speaker 1 (52:33):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks, It'd be.

Speaker 2 (52:41):
Hi, Mike haven't Hickins admitting he had the wrong advice
about homelessness, flocking to rote to Rua when there was
plenty of evidence to the contrary. That was John, Thank
you for the text that came out. I can't remember
what was that the weekend or late last week, and
what it showed me was the very clear problem with
people like Chippy is that he is not out in
the real world and they live by die by what

(53:03):
they're told by wants and bureaucrats who aren't out in
the real world either, And that's how you got wrote
a uas so wrong. The reason I re raised the
old chipster he was on with Nick yesterday and Wellington.
I think stuff got onto this and I don't think
stuff understand what news is these days. It's because he
was talking about ram raids. Nick apparently asked him a
whole bunch of different stuff in the interview about that

(53:24):
came up with ram raids, and I think stuff, I
think it was stuff tried to make something of this anyway.
Hipkins goes, you know ram raids and Nick was saying, well,
you know, you don't see ramraids anymore, and Hipkins says, quote,
it's because your Tory owners that enzed me and ZI
means the parent company of this particular radio station. It's
because your Tory owners that end zed me have decided

(53:45):
not to put it on the front page. Anymore. It's
still happening. It's just enzed me have decided that it's
not in the government's best interests, and they do, the
National parties singing for them, and so they're not covering
it as much anymore. Now I know Chippy well enough
to know he's joking. That's a throwaway line. He probably
deep down means it, but I can hear him saying
it in a jest like fashion, because he's not that

(54:08):
loose around the language. Anyway. Bishop is listening Chris the aforementioned,
and Chippy of course is wrong on this as well.
So not only was he wrong on Roadoruver, he's wrong
on ram raids. It's not obviously we're not covering anything up,
and obviously we're not doing anyone's bidding. We just like
to deal with the facts, particularly on this program. So
the Bishop says, ram raids in twenty twenty two, when

(54:30):
the Chipster was in charge seven hundred and fourteen to them,
twenty twenty three, four hundred and ninety five, new government
twenty twenty four, two hundred and nine, Mark's in charge
all of a sudden, and things change. So far this year,
you know how many forty five so there's actually none
to report, Chris, and no one's covering anything up but
forty five down from seven hundred and fourteen. What's materially changed,

(54:53):
you ask yourself, and the ANSWER's attitude. Simple as that,
and that's all that was needed.

Speaker 19 (54:57):
I didn't read much of the news over the weekend.

Speaker 2 (55:00):
Were you bus evil?

Speaker 1 (55:02):
He had a few things on the mic Hosking Breakfast
with Bailey's Real Estate news Dogs, Debb.

Speaker 2 (55:08):
Do you see the story of Shirley McQueen yesterday most
uplifting story of the day certainly, if not the week.
So Shirley was marking Shirley's eighty three and she's marking
her fifty year work anniversary at tarong Hospital. And I've
got a bit of experience at tarong the hospital. My
dad was at taro Hospital and my stepmum was at
tarong A Hospital as workers, not patients in fact long

(55:32):
standing and they probably know new Shirley. Anyway, she was
marking fifty years in the job. I love what I
do and it doesn't seem like fifty years. She started
working at the hospital in nineteen seventy five. Incredible, we
would we'd not only do the cleaning, but we'd also
be serving cups of tea and dinners and doing the dishes.

(55:52):
Now we just focus on the cleaning side and have
a lot more technology to help us.

Speaker 3 (55:55):
Well, there you go.

Speaker 2 (55:56):
There's a happy cleaner, for goodness sake, a person and
she's stick thin a fiddle, looks like she works every day.
She looks like a person who's got the right attitude
to life. Can I also congratulate it while while I'm
in a good mood? A Lyric Wybery Smith who appears
to be my favorite person at the spinoff Spinoffs an
odd thing. Duncan Greaves will hate me for saying that,
but nevertheless it's an odd thing. But Lyric appears to

(56:18):
be the star of the show. So she's writing yesterday
about Paul Goldsmith, who a year ago, July of twenty
twenty four, made a whole lot of promises about the
media in this country. And I commented at the time,
and I've commented a number of times that Paul was
on a hiding to nothing and as a politician with
in charge of an industry you can't fix, don't make
promises you're not going to deliver on. And he made
a bunch of promises that he was never going to

(56:40):
deliver on. He said he would take quote immediate action
to support New Zealand's media and content production sectors. So
there was the promise in his press release to progress
the fair digital news bargaining bill. Now I said at
the time quite clearly, I've said it many many times.
It was going nowhere. Why it passed its first reading

(57:03):
nearly two months after Goldsmith's promise, But it's been collecting
dust ever since. It's sitting in a bay. It's why, well,
because we're looking at the Australian government. I said this
at the time, and I said, the Australians have passed
this rule. They don't have a clue what they're doing.
They're not dragging Netflix and Google and all the others
to some sort of table whereby you get a whole
lot of money from them. Those people will cut their
service off to a country, and if they're doing that

(57:24):
in Australia, he's certainly not cutting us a good deal
in New Zealand. So that's going nowhere. He was going
to remove quote unquote outdated advertising restrictions which have been
sitting stifling innovation. His words, not mine. In other words,
he was going to let TV and radio run ads
on Sunday in public holidays. Has he done that, No,
he hasn't. Would we like him to do that, Yes
we would. Would that generate some income, yes it would.

(57:46):
Now that he can be held accountable for because he
could have done it and he hasn't. That was an
easy fix. Then he announced Culture and Heritage sort of
a consultation document that proposed ensuring that smart televisions had
local apps pre installed and displayed prominently. Now, as far

(58:07):
as I know, Paul's not in charge of Samsung or
any other person that makes a television. So once again
he was saying stuff he was never going to be
able to deliver on.

Speaker 4 (58:17):
I'm just wondering, you know what, it'll make them do that? Well,
if people want.

Speaker 2 (58:21):
That, correct, I'm just wondering if at which point of
this dissertation do I use the word napui just to
give you a sense of where my thinking on poor
old Paul is. So that's going nowhere. Another idea he
had in the last year was he was going to
merge New Zealand on Air and the film Commission together. Now,

(58:41):
whether that was going to materially make any difference to
the world. I don't know. I mean, there'd be fewer
wonks with pens and pieces of paper wondering around whether
we should fund strange projects that nobody watches or listens to.
But he hasn't done that either. So it's been a
busy year for Paul. He did take some money off
Radio New Zealand that Alan's worth a knighthood in my

(59:02):
humble opinion, and he's committed six and a half million
dollars over four years for hiring some regional journalists. And
I think the regional journalist thing was slightly controversial under
Labour because you had to Cowtower to Tataraty and all
the other nonsense. But nevertheless, the regional journalist thing I
think has been proven excellent and we're seeing some good
coverage of some stuff around parts of the country you
wouldn't see otherwise. So I'll give them marks on that.

(59:23):
But as Lyric quite rightly writes at length unless the
other problem with the spinoff and newsroom they write, God,
they write at length anyway, So I had to read
that took me an hour and.

Speaker 3 (59:32):
A half to do.

Speaker 4 (59:33):
Thank you, thank you for doing that.

Speaker 2 (59:35):
Summarize it up in about a minute and a half.
But anyway, Paul needs to do better on the media,
or if he can't, don't promise you'll do stuff you
can't deliver in the first place, would be my piece
of advice. Jason el Vane.

Speaker 1 (59:50):
Next, the news and the news makers, the Mic Hosking
breadvest with Bailey's real estate altogether better across residential, commercial
and rural news talk.

Speaker 9 (01:00:02):
Sad be he had a sunny little beamer with the
rags up there sitting in the draft, but you wouldn't get.

Speaker 2 (01:00:09):
At it was seven past sight from another country's biggest
names heading away early next year, Jason Eldeen. He headed
to Nashville at the age of twenty one. He was signed,
who got dropped? Eventually did a deal the day be
rolled out about twenty years ago, thirty number one singles later,
almost twenty billion stream was, twenty million albums sold, multiple
Grammy nominations, American Country music artist of that decade. The

(01:00:30):
full Throttle Tour is New Zealand bound. Jason Eldean as
well as from Nashville, good morning.

Speaker 9 (01:00:34):
Good morning, Thanks for having me.

Speaker 2 (01:00:36):
Then, now, as a guy who's been around a while,
I I've just for your knowledge. I've been a country
music fan my entire life, and so I suffered for
many many years listening to people's music that others would go,
what country, Why do you listen to country? What's in
the country? It's something, and yet suddenly it is huge.
You must have enjoyed that ride.

Speaker 9 (01:00:55):
Yeah, you know, I kind of always thought country music
was cool. You know, I kind of gravitated toward guys that,
you know, I thought were a little bit different, guys
like Ronnie Millsap and Alabama and some of those guys
when I was growing up. And you know, I think
with every sort of new generation of artists, we we
bring our influences into the into the genre. And and

(01:01:17):
for me that was a lot of obviously a lot
of country music, but a lot of rock and southern
rock and roll too. And so, you know, I think
now when people turn on the radio, turn on country radio,
if you hadn't listened to it in a while, you know,
it's different. There's there's things all over the board, from
you know, pop country stuff to now it's you know,
it's switching back around. Guys like Zach Top coming out

(01:01:40):
that are super traditional again, and so there's a little
bit of everything, man, And I think it's a it's
a fun time.

Speaker 2 (01:01:45):
Is music beta for it? Is country music beta for it?

Speaker 6 (01:01:51):
Is it?

Speaker 8 (01:01:51):
What?

Speaker 3 (01:01:52):
Is it?

Speaker 2 (01:01:52):
Beta for it? The whole experience? More artists, more doesn't
mean better.

Speaker 9 (01:01:59):
Yeah, I mean, I I think so. I mean, I
think it's it's you know the old say, and it's uh,
quality versus quantity. I guess you know what I mean.
It's like, you want to have a lot of great
artists that are making great records, and you know, a
lot of times there's sort of this almost like this
flush of new artists that come in and you got,
you know, all these songs and all these names, and

(01:02:19):
it's kind of hard to put a face with a name.
And then all of a sudden, you know, guys start,
you know, so the cream kind of rises to the top,
guys start breaking through, and you know, and you start
to see who those guys are, and it's you know,
it's cool and those are the ones that you know,
the most impactful or those kind of guys. But you know,
now it's streaming and all the things all over the place.

(01:02:40):
You know, those those artists, those stars can kind of
come out of nowhere and come from anywhere. So it's
just a different time. You know, it's a different time
than it was when I kind of hit the scene.
And right now you just kind of never know what
that next artist is gonna come from.

Speaker 2 (01:02:54):
You another one of these You move to Nashville to
make it big and you did. How The last person
I interviewed who did that was Luke Colmbs and that
worked for him, it worked for you. How many people
do move to Nashville? All those people, how many actually
make it? How reals that story?

Speaker 9 (01:03:14):
I mean, I don't know what the number is, but
I gotta I gotta say that, you know, out of
the people that moved to Nashville, you know, And I
guess it depends on what you're what making it means.
You know, if if making it means you get a
record deal, then then there's probably a lot of those people.
If making it means you come in, you start writing songs,
and you start getting your songs cut. For a lot
of people, that's their goal. And I feel like, you know,

(01:03:36):
that's that for me. I feel like the people that
come to town trying to get a deal, that that
really get out there and you know, it really happens
for him on a on a big level. I got
to think that that percentage is pretty small. You know,
probably maybe maybe five percent if if you're lucky. You know,

(01:03:57):
everybody comes, every artist, see, everybody that wants to be
a country music singer comes to Nashville. Their goal is
to get a record deal and you know, get played
on the radio and be able to go tour and
do all those things. And the reality is it's just hard, man.
Even some of the I mean, some of the best
singers I've ever heard that have come through this town
that just for whatever reason, it didn't it didn't happen

(01:04:18):
for him, and you don't really know why that is.
So it's a tough business man, and and you know,
fortunately for us, we were one of the few that
that kind of was able to break through. And now
we've been around for twenty years, so it's been a
it's been a good ride, but it's it's definitely a
tough business. And you know, not for the faint of heart,

(01:04:38):
for sure.

Speaker 2 (01:04:39):
Do you believe that if you're truly gifted, you will succeed.

Speaker 9 (01:04:47):
I think it depends, man. I think it's a combination
of a lot of things. You know, it's you know,
I think you kind of have to be you know, obviously,
talent has to be there, you have to have that.
I think you also need a lot of a lot
of luck on yourself, a lot of you know, surrounding
yourself for the right team, I think is really key
to that. But just because you're a great artist and

(01:05:09):
a great singer, great guitar player, whatever it is, that
doesn't necessarily mean it's going to happen for you. You know,
you got to you still got to have hit songs
that that's kind of what moves everything is. The songs
kind of make everything else go. So you could be
the best singer in the world, but if you don't
know how to pick a hit, you know, it's just
for Sometimes it just doesn't happen.

Speaker 2 (01:05:29):
Okay, listen, hold on, I'll give you the dates in
a moment for his two hero and the Early pot
up next year. Jason o'lde more shortly twelve past eight the.

Speaker 1 (01:05:36):
Mic Hosking Breakfast Full Show podcast on iHeart Radio, pow
it by News talks.

Speaker 2 (01:05:41):
Hip be a News talks Hit be quarter past date, Jason,
I'll Dean with us out of Nashville. Now we're talking,
you know, before the breakabout success and hits and all
that sort of stuff and all the number ones you've
had and you've got twenty years under your belt. Now
what's a hit today is to say what was a
hit twenty years ago? And how's that changed? And how
do you know?

Speaker 9 (01:05:58):
I mean, I think for me personally, it's probably change
just from a standpoint of when I cut my first album,
I was twenty seven, twenty six or twenty seven years old.
So obviously there's some songs that I cut on that
record that now you know, at forty eight, I wouldn't cut.
But I think ultimately it's the same. I mean, you
want something, you know, you want a song that says

(01:06:20):
something you wanted to kind of to me, I like
to cut songs and it feels like I wrote, you know,
something that I wanted to write, and you know, and
it has to be melodically cool, it has to be
lyrically something that I would say, and I think sonically
just something that's easy on the ears that you want
to listen to over and over and over. And I think,

(01:06:42):
you know, it's a combination of a lot of those things.
For me, anyway, That's the way I look at it.
You know, and now I'm you know, trying to cut
songs that maybe, uh, I don't know, for lack of
a better term, have a little more meat on the
bone than they did when I was, you know, a
twenty six, twenty seven year old kid coming up in
the business. So but back then, we were doing songs
like Hicktown. You know, it was more fun and just

(01:07:03):
trying to establish like, hey, we're country music, but it's
it's kind of in your face rock and roll too.
And it was a really fine line of trying to
let people know that that's what we did. But then
it was also we could have those songs that had
some meat on the bone like an Amberillosky and those
kind of things too, and all that was on the
first record. So I think consciously, for me, that was
something that I wanted to do in the beginning. And

(01:07:25):
the older I've gotten, you know, you try to focus
more on like the you know, the the real songs
that have a great lyric and you know, you feel
like are going to be around for a while, and
some of the little tongue in cheek things I'd stay
away from a little more than I used to. But
different time in life we're twenty years, twenty years down
the road at this point.

Speaker 2 (01:07:44):
Does it get easier as success hits you or how to?

Speaker 9 (01:07:52):
I don't know. I think it's it's hard to get success,
you know, and I'm sure you've heard this before, but
it's hard to get that initial success. You know, you
wait a lifetime to get that, and then all of
a sudden it you know, at least in our case,
it kind of came out of nowhere. After you know, however,
many years, fifteen years, all of a sudden it came
out of nowhere. And then then you've got to kind

(01:08:14):
of maintain that. So now you got all these expectations of, oh,
your last album did this, and you had this many
number ones off the last album and it's sold this much.
So anything that doesn't do that on the next record
is not considered a failure. But you feel like, you know,
you're kind of losing a little bit of momentum, and
that's not always the case. I just think as you
get older as an artist, you're not the shiny new

(01:08:35):
penny anymore, you know what I mean, and you kind
of have to like find ways to reinvent yourself a
little bit. And so I think it gets a little
harder to keep the momentum going and kind of stay
on top, but it's not real easy to get there.
And the initially either.

Speaker 2 (01:08:50):
Way, does touring fit into this because I look at
your schedule, man, you working your ass off.

Speaker 9 (01:08:59):
Well, you know, I love the tour. I mean, that's
why I got into the business. I love making records.
That's fun. But I do that so I can go
tour and play those on the road, and so you know,
all the other stuff has kind of worked. The touring
side of it, to me is the fun part that
I get to go and you know, jump on stage
with my band and hang out and have fun and

(01:09:21):
you know, play for people. That's why that's why I
started doing it. That's what's fun for me. And you know,
so to me, man, as long as people are coming
out and interested in what we're doing, we're gonna go
out and keep trying to get better and you know,
come up with cool ways to make albums and go
out and tour and give them something that they haven't
seen before. And that's the goal for us every year.

Speaker 2 (01:09:44):
Fantastic. What's your business philosophy? Because in looking at you,
you you got quite the thing going on in restaurants
and food and wine and all that sort of stuff.
Are you across all of that? Do you run your
whole thing?

Speaker 9 (01:09:56):
Well, there's a lot of people in place that run that.
I can't tell you that I do that myself. But
you know, the one thing I have always tried to
do is really pay attention to you know, as you
has this you know kind of happens and you become
more famous and those kind of things. You know, you
get a lot of opportunities that come your way. People
come in and you know, want to partner up with
you on different things. And the biggest thing for me

(01:10:18):
is to make sure that it's something that that I
feel really good about, that I feel like represents me
and my brand and something that I want to put
my name on. And there's been a lot of things
that we've said no to and and to me, you know,
if it's something that makes sense and it's something that
I think is a good idea or something that I
I think is cool that I want to see through,
then uh, then we do those things. And sometimes you

(01:10:40):
hit a home run and sometimes you strike out, but
you just you know, figure it out and you know
it's been fun kind of learning that business side of everything, uh,
from the restaurant side to the you know, getting into
the liquor business and the wine business and uh, you know,
the bar business, all those things. So I'm I've kind
of learned as I've gone and kind of learn to

(01:11:01):
be a better business guy more so than I was
in the beginning. And you know, but it's been a
lot of you know, learning on the job kind of thing.

Speaker 2 (01:11:09):
Well, it's your summer there by the time you get here,
it'll be our summer. So and it's next year of course,
but we're very appreciative that you're coming our way and
we're looking forward to it.

Speaker 9 (01:11:18):
Well, I appreciate it, man, looking forward to getting back
down there, seeing you guys, and I can't wait to
play some shows for you.

Speaker 2 (01:11:24):
And do well, look forward to it. Jason Eldean out
of Nashville. So, as far as we're considering this part
of the world, Auckland Feb nineteen, Feb nineteen, that's its
Spark Arena. If you're not going to go in Auckland,
then he's basically doing Australia. I'm just looking at is
it the Rod Laver Arena, which is good for tennis.
I don't know whether it's good for a concert or not.
But he's in the Hunter Vlly. I like the Hunter

(01:11:44):
Valley at Sunburn Country, which I'm assuming as a festival,
so I'd go see him the Hunter Vlley if you
don't want to go see him in Auckland anyway. Jason
Eldeen hitting our way February next year, eight twenty.

Speaker 1 (01:11:53):
One, The mic Hosking Breakfast with a Vita Retirement Communities News,
Togstead be.

Speaker 2 (01:12:00):
My daughter yesterday said it was snowing in the Hunter Bellley.
I find that very hard to believe, Murray. But the
weather's been weird across the across the Tasman, not the
whole world.

Speaker 4 (01:12:11):
What's behind that?

Speaker 2 (01:12:12):
Do you reckon behind the strange weather?

Speaker 3 (01:12:15):
Yeah?

Speaker 2 (01:12:15):
I reckon they shouldn't. Scientist should get into that, see
what happens. I don't know if you've heard, but the
bridge may close my ongoing theme with the bridge may close.
The bridges in Auckland, by the way, and the question
is how many times do who is what are they
calling themselves? These is nzta whatever they call themselves? How

(01:12:36):
many times do they have to say repeated ad nausea
and by the digital media, EE heralds and stuffs and stuff.
How many times do they have to say the bridge
may close and it doesn't before everyone just goes stop
saying the bridge may close. What's the answer is at
twenty is a hundred? Has the bridge ever closed?

Speaker 23 (01:13:01):
I think it's closed, but only when they haven't told
anybody that it's going to.

Speaker 2 (01:13:05):
When you're in the office and you're going and you're
in charge of the bridge closed message, does anyone else
in the office go not that again?

Speaker 23 (01:13:13):
But remember all those times that chucks have fallen over
and broken it, And then it's.

Speaker 2 (01:13:18):
I do I do remember that one time and it
didn't break. It didn't even fall over. It just leaned
against it momentarily. And the world changed at that point,
wasn't it. That's where the world changed? At that particular
moment in time. The world changed for Aucklander's who were
forever to be bothered incessantly and endlessly by boring bureaucrats

(01:13:38):
who have no sense of anything other than the importance
of sending out yet another email to get another board
journalist in a digital newsroom to yet again warn us
that something may happen that doesn't. Is the Defense Force.
I have to come back to this after a thirty now,
because I went on too much about the bridge. Is
the Defense Force getting gifts and hospitality? He passed off

(01:14:01):
as building business relationships? Now here's the headline. The headline
was how much, how much?

Speaker 6 (01:14:05):
How much?

Speaker 2 (01:14:06):
How many gifts and hospitality did they received? In the
answers four hundred and nineteen thousand dollars worth? And you
immediately go, what are you serious? One hundred and nine
almost half a million dollars. But then of course down
the article it goes, this happened between twenty sixteen and
twenty twenty five, so in other words, nine years. So
four hundred thousand dibarted by nine is give or take
forty thousand dollars a year for a whole defense force.

(01:14:29):
Is that a lot of stuff? And what are you
buying if you give somebody in the defense force something?

Speaker 4 (01:14:35):
I'll come back to what any planes from Qatar in
the area?

Speaker 2 (01:14:38):
Now there's no planes. There's a Tom Tom watch.

Speaker 4 (01:14:41):
There's a shame, isn't it that there's no planes.

Speaker 2 (01:14:43):
It would be good if it was a plane. Anyway,
I'll come back and break this down for you after
the news, which is next.

Speaker 1 (01:14:49):
The only report you need to start your day The
Mic casting, Breakfast with Vida, Retirement, Communities, Life, Your Way News,
togs Head been.

Speaker 2 (01:14:58):
Mike Rod Labor is brilliant for concert winter, Keith Herban
the good excuse for a weekend in Melbourne. Fair enough, Mike.
It was snowing in the Hunt yesterday, but it was
melting as it hit the ground. Not surprised. We had
a stud farm at the top of the Hunter. So
daughter's correct, Thank you Morris. Meantime, this business of Rachel
Reeves is fascinating. She melted down. She wasn't. Here's Rachel

(01:15:20):
Reeves the Chancellor of the Exchequer in Britain. She was
in Question Times broadcast of the Nation. Of course, in
tears so bednot was being well, well, kind and gentle.

Speaker 24 (01:15:30):
Yeah, she looks absolutely miserable. Labor MPs. They can points
as much as Nick can points, as much as they like.
The fact is labor MPs are going on the record
saying that the Chancellor is toast and the reality is
that she is a human shield for his incompetent, that
his is starmer.

Speaker 2 (01:15:50):
Of course he was being kind and gentle too.

Speaker 19 (01:15:52):
I was to speaker.

Speaker 16 (01:15:53):
I have to say I always cheered up when she
asked me questions or responds to a statement, because she
always makes a complete, massive, and irrelevant.

Speaker 17 (01:16:02):
They are international correspondence with ins and eye insurance, peace
of mind for New Zealand business.

Speaker 2 (01:16:08):
Yes, what's going on at B's money?

Speaker 15 (01:16:11):
Mike goodballing to you?

Speaker 2 (01:16:12):
This is there more to this than meets the I mean,
first of all, Rachel reeves and teas at question time
as the whole nation watches. It is one thing, and
it's a market mover. But do we know what leads
to it? What's the story?

Speaker 15 (01:16:23):
Well, there are several different explanations for it. The first
is that she had an unspecified personal difficulty, which she
hasn't told us anything about. That's what she has said,
and it's what Starmer has said. Secondly is that she
was still reeling from a poisonous exchange with the Speaker

(01:16:44):
of the House of Commons, Lindsay Hoyle, who had tipped
her off a couple of days before about two long answers.
And the third one, and this is the one which
I think the entire country will believe, is that she
was under an awful lot of pressure and had to
sit there and listen as kelear Starmer failed to stand
up for her in the House of Commons. Well, it

(01:17:06):
seemed as if she was going to be thrown under
a bus in order to preserve his position. And you know,
we may hear more detail later, but that's what I
would cleave too, frankly, as as an explanation.

Speaker 2 (01:17:20):
How big a deal is it? And the reason I
asked that is that is the yield on the bond
market did move when they saw it, and the borrowing
costs for the British government went up, So there was
a material market move as a result of watching a
chancellor in tears and question times. I mean, you don't
see that very often, do you?

Speaker 15 (01:17:40):
You don't. I mean we ought to remember that the
markets like stability more than anything else. Would seemed to
prefer stability when it's downhill to stability of an upward variation.
By what I mean is that nobody, nobody could argue

(01:18:01):
that Rachel Reeves has been a successful chancellor. That being said,
I have no doubt that the real villains of this piece,
with the labor backbenchers, the morons who believe that we
have money simply to throw away, and that there is
there is no need to arrest our incredible addiction to

(01:18:26):
spending and spending and spending. You know you heard these
labor mpces rebels speak, well, we can't let down that
the elderly, we can't let down that they're disabled. We
can't let we haven't got the money. It really is that.

Speaker 6 (01:18:43):
Straightforward, precisely.

Speaker 2 (01:18:45):
I mean you don't want to object by it. And
I suppose there's an a gender thing at play here
to the extent that I mean, looking at the pictures Rod,
she looks dreadful, doesn't she. I mean the under her eyes,
there's no escape. She looks appalled in one wonders for
her mental health, whether she's got the wherewithal and afforditude
to carry on.

Speaker 15 (01:19:05):
Well, well, indeed, I think that's absolutely right, and I
think you would also be very very dignified of her
to say, look, I was trying to save the British economy.
You've given it away by caving into a bunch of rebels.
I'm not doing this anymore. Get someone else, and I

(01:19:26):
think she would be happier for a while. But of
course there is pride at stake as well. You know,
she doesn't want to be remembered as probably the least
successful chancellor. Well, I suppose you would say this is
quasi quarte. But going back before then, even because her
first budget was disastrous, you know, it was launched with

(01:19:46):
the with the cry of we we must go for growth,
that is the number one priority. And she scoffed that
by putting national insurance up on employers. I know that, Eddie.

Speaker 2 (01:19:58):
Sorry, go just I mean just I'm looking at I'm
looking at Raina there, and I'm looking at Starma there,
and and they if you're in charge of the money
and there isn't any moving the bond market and you did,
It's just like they look bad, don't they. I mean,
would the average.

Speaker 15 (01:20:17):
Yes, yes, I mean labor is doing terribly badly in
the opinion polls. People really don't like this government. And yes,
it does look bad. It looks bad at a number
of levels. Firstly, that that despite the fact that later
he backtracked and said that Rachel Reefs was going nowhere,

(01:20:38):
which could be interpreted in many ways. Suppose that he
left her out to dry. You know, when asked directly
in the House of Commons about about whether she would
still be the chanceller in four years time. He refused
to answer, and that it's just such. He has been
criticized for his behavior before, particularly towards female MPs. A

(01:21:03):
friend of mine is an MP there Rosy Duffield who
left the party in September and just found his manner odious.
And I think that's what I think a lot of
people possibly saw in the House of Commons today.

Speaker 2 (01:21:19):
Think you're right, okay, mate, we'll see you next week.
Appreciate very much. Rod Little. Just before we leave Britain.
The National Grid may well be receiving a lawyer's letter
because you remember the National Grid was responsible and certainly
the airport Heathrow will argue the case. But when Heathrow
burst into flames and Heathrow got closed and thousands and
thousands and thousands of people were unfortunately re rooted and

(01:21:41):
they rang the head of Heathrow, he had his phone
on silent. I'm sure they'll be raised in the court issue.
But nevertheless, he thrower looking to sue the National Grid
because the problem was known. They claim at the substation
they were aware of the problems. Is twenty eighteen failed
to fix that. The lawyer are going to get involved
in that. And I've got the update on small boat
crossings in the Channel. Twenty thousand people have arrived in
the UK for the first half of this year. Because

(01:22:01):
the end of June just came the other day. Small
boats are up forty eight percent on the year. On
Sunday alone, this past Sunday alone, fifteen hundred people arrived
in Britain illegally via boat from France, seventy five percent
high from the equivalent figureback in twenty twenty three. There's
some legislation through the Parliament at the moment. They want

(01:22:22):
to use some counter terror powers against people, smugglers, travel
band social media blackouts, phone restrictions, all of that sort
of stuff. Already, twenty twenty five has been a new
record for small boat arrivals in the first six months
of this year since data first started getting collected. And
this is interesting because it tells you how new the
problem is. The data first started getting collected in twenty eighteen,
so it's hardly a long term issue, very much a

(01:22:42):
recent one. In every government in the recent days that
said they'll fix it, and no one has eight forty five.

Speaker 1 (01:22:48):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News.

Speaker 2 (01:22:53):
Talks at b Mike talking of Rachael Reeves, did you
notice the picture briefly appear at the end of Clarkson's
Farm all the conspiracy. I don't think John, that was
a conspiracy. Yes I did. That'll be to do with
the fact that she changed the taxes around intergenerational farm
management in this country and farmer's hater. Interesting report out
this morning on millionaires leaving Britain. They reckon last year

(01:23:15):
that there were about eleven thousand of them ten thousand,
eight hundred left Britain. There are seventy fourth thousand. This
is the non don stuff she changed, and so you're
now being picked at forty percent, whereas before you got
away with it. And so last year ten thousand, eight
hundred millionaires left Britain, which is up one hundred and
fifty seven percent, more than any country in the world
apart from China. This morning Henleyan Partners are reporting that

(01:23:39):
they think this year it'll be sixteen thousand, five hundred millionaire.
So between the two years you're talking about twenty seven
twenty eight thousand millionaires leaving Britain. Briefly, back to this
business of the defense force. The thing that I found
interesting and whether they're sort of alarm four hundred and
nineteen thousand dollars worth of I don't know what you
call it, gifts from various peace between twenty sixteen and

(01:24:01):
twenty twenty five, so over a ninety a period. I
mean forty thousand dollars a year for an entire force.
I mean a Tom Tom watch, some Tom Tom watch accessories,
some beer, wine and spirits. They were hosted in a
hospitality boat during the America's Cup. It's an alarming amount
of money. Who said that, Tiana Tuiono, who's the Green

(01:24:24):
Party Defense Boake's person, It's an alarming amount of money.
It puts up red flags for me. It is forty
thousand dollars for an entire defense force. Here's the orders
to General has written to Air Marshall Tony Davies, who's
the Chief of Defense, acknowledges the military has begun cleaning
up practices. Says the number of nature of the gifts
and hospitality accepted as inconsistent with good practice in the

(01:24:45):
public sector. Broadly out agree with that. I'm not defending
any of this, but I'm just asking you. This's forty
thousand dollars worth of stuff over an entire defense force. Normally,
when you give people stuff, there's either it's just a
straight up and down gift, no strings attached, or it's
a heywear mate, let's get on and thanks for doing business.
Let's hope we can do some more business in the future.
What business is it the defense force is doing with anyone?

(01:25:06):
So if I give the rear Admiraler or the high
Commander or whatever other titles are a Tom Tom watch?
What I wanted? Am I saying when we get invaded,
make sure you get me first. What's happening there? I
mean they don't do I mean, with the greatest respect.
Outside a few hirks and stuff, they don't do a lot.

Speaker 23 (01:25:22):
So is it like a you know, a celebrity endorsement
scenario where you see those soldiers, I don't know, replacing
a flooded out bridge, but they're wearing a Tom Tom watch.

Speaker 2 (01:25:33):
Oh I see placement. Yeah, So you're seeing.

Speaker 4 (01:25:36):
Yeah, because that could be in the middle of the news.

Speaker 2 (01:25:38):
You know he's wearing a Tom Tom. People might go
as he saves lives, they got it. Green Guy's right
scandal needs to win immediately. Nine away from nine the.

Speaker 1 (01:25:47):
Make Hosking Breakfast with the Defender, Octor News Tom's head b.

Speaker 2 (01:25:51):
S Living Away from nine. Very excited to tell you
that Dan Wallace and Anthony Clyde, who started a company
called Bill Duro in the by, have plenty a min
at euro Bike in Frankfurt and Germany, highlight of the
global bike industry, a big, big show. They stand there
telling me as the talk of the show. They've got
the electric mountain bike at the gravel Bike. Have a
look at their website. We had them on the program

(01:26:13):
and the technology they're using I think it was Chinese.
I can't remember what drives it, but anyway, it's the
cleverness has won the design of the bike and to
the technology that drives it. Our stand was described as
one of the busiest in the show, and our bikes
were described as highlights of the show. What's really exciting
to me about Valdeuro is if you look at the website,

(01:26:33):
they're fantastic looking bikes and the technology behind them seems
very very clever. They're gob smackingly expensive and what I
like about that is that I don't think they're made
for New Zealanders generally, but they're made for the international market.
And that's more of what New Zealand should be doing.

(01:26:53):
I mean the Chinese. If you want to go baseline,
the Chinese is going to beat your knee bike all.

Speaker 3 (01:26:57):
Day, every day.

Speaker 2 (01:26:58):
I mean, the car industry is finding that out. So
you don't go baseline. What you do is you go
top end and you charge them like a wounded bull.
And as long as you're good, the world is full
of people who are prepared to pay that sort of money.
So well done them. Five minutes away from nine.

Speaker 1 (01:27:13):
Trending now with Chemis's warehouse celebrate big Brands and figure
cevi Well.

Speaker 2 (01:27:18):
July fourth for US tomorrow Saturday is their time and
they need to do the vote for the big beautiful bill.
So where are we at? Republicans some of them not
too happy because some of them are having trouble reading
it because it's constantly getting changed. Late changes were made
for Alaska Mkowski from Alaska. She's a holdout, so they

(01:27:38):
need to do something for her to get her across
the line. This was pointed out between the debate. This
is Jonah Goose for the Dems and Jason Smith for
the Republicans.

Speaker 25 (01:27:46):
I think you're missing one which one is that Wheeler's
What's that a new tax break for Wheeler's, right, am ill,
Are you talking about allowing someone who should uses a
harpen to deduct the cost of that harpen?

Speaker 9 (01:28:05):
Correct, that's included.

Speaker 8 (01:28:06):
It's a business expense.

Speaker 2 (01:28:07):
It's a new tax break.

Speaker 25 (01:28:09):
It's a business expense that was capped at ten thousand
dollars and now they can deduct.

Speaker 8 (01:28:13):
It up to fifty thousand dollars.

Speaker 6 (01:28:14):
Right, yes, yes, why was that added?

Speaker 25 (01:28:18):
If we all knew, you'd have to talk to the senators.

Speaker 8 (01:28:20):
I'd have to talk to the senators.

Speaker 25 (01:28:21):
I've got a convenient chairman spit that that was the one.

Speaker 2 (01:28:25):
Edition that you omitted from that list you provided.

Speaker 25 (01:28:28):
But I think I probably more than I have.

Speaker 6 (01:28:31):
Maybe the case is that all it took.

Speaker 4 (01:28:34):
I'm not sure.

Speaker 6 (01:28:35):
Yeah, she's a cheap dates, so.

Speaker 2 (01:28:40):
She's a cheap date, so you got to also look up.
It was the most stunning thing. I don't know whether
she wanted to hit the guy or what about anyway, Mkowski,
who's a woman. If you don't follow it, Mkowski's walking
down the corridor yesterday after she's sort of holding out
in there, caving into her She's talking to a report

(01:29:00):
and he quotes another politician to her, a fellow Republican,
and she stops and stares at him, and then just
keeps staring at him, not for two or three seconds,
not for five or six or seven or eight or
nine or ten or eleven or twelve seconds, just keep
staring at him. And the guy eventually gets so embarrassed

(01:29:23):
he goes, I didn't say that, he said it. She
stares at him some more, and he goes, look it
wasn't me. It was looking desperately for something. Look that
up today. It's well worth a watch. We're back tomorrow
morning from six as always, Happy Days.

Speaker 1 (01:29:39):
For more from the Mic Asking Breakfast, listen live to
news talks. It'd be from six am weekdays, or follow
the podcast on iHeartRadio

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