Full Show Podcast: 04 December 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Opinion edit informed, unapologetic, the Mic Hosking Breakfast with Bailey's
Real Estate, doing real estate differently since nineteen seventy three.
News togs Head been Billy, You're.

Speaker 2 (00:10):
Welcome today a couple of bits of good news. We've
got a ski deal, we've got a decent economic forecast,
and we've got a booming lamb business. Also Mark Robinson
on the World Cup drawl last night, and Sidney Hugh
Jackman and Kate Hudson there with us after Right to
talk about their new movie. Joe is Italy Rodded is
in Britain asking welcome to the day seven past six
of the definition of madness of stupidity. Question for you,

(00:32):
how many times do you do the same dumb thing
with no result, thus proving your system doesn't work before
you admit your system doesn't work. The last of the
carbon auctions was held yesterday. You know where the story
is going. Of course, I first got interested in this
a couple of years ago when it struck me that
this auction malarchy might be one of the better examples
of the sheer ideological madness that drive so much of

(00:53):
the climate policy, one of the reasons so many people
have got into forestry. Of course is it's free money.
You get carbon credits on land, and land generally is
as well a good investment, and free money isn't a
bad deal Libor also after a while they might pay
you some good day for you would So if trees
get carbon credits, why would you turn up to an auction?
You wouldn't. And indeed yesterday they didn't, not one person,

(01:15):
not one bid, not one credit. So now there are
four of these each year for the past two years,
no one has bought a thing. Ask yourself why they've
tried to price the units to no avail. But what's
really causing the issue is the government. Now to buy something,
you must believe it has value, it has to have worth.
Why would you buy into the government carbon narrative when

(01:37):
they keep changing the rules. This government is doing their
best to do as little as possible to meet their
climate emissions. Now the irony of that is I actually
applaud that because it's the right thing to do. But
given the rules keep changing, I'm certainly not turning up
to buy stuff like a credit that I may not
in fact need. The Minister, as I told you the
other day, took the unprecedented step of offering commentary about

(01:57):
the auction and telling us how committed the me is
to climate in the hope we would go, oh, well
that's okay. Then see it. The auction didn't work. The
auction didn't work again. Eight down, zero sales, no revenue.
How long before they pull the pin on a gargantuan embarrassment.
The longer this goes, the more foolish they look.

Speaker 1 (02:16):
Wow, news of the world in ninety seconds.

Speaker 2 (02:20):
Now the whole let's get the war sorted seems to
have well once again, been a bus no deal, and
the Europeans still looking to the US for the magic.

Speaker 3 (02:27):
There is only one person in the all worlds who
was able to break the deathlock when it comes to
war Ukraine, and that is the American President Donald J.

Speaker 2 (02:36):
Trump. And he did.

Speaker 3 (02:37):
He started in February to get engaged and he is
engaged up to an including till day.

Speaker 4 (02:42):
Yeah.

Speaker 2 (02:42):
The British have decided more money is required.

Speaker 5 (02:44):
Putin is seeking to switch the lights off and plunge
Ukraine into darkness. We will continue to work to switch
the lights back on.

Speaker 2 (02:55):
They up a ten million, We've offered fifteen million over
night by the one I'm not sure if you were
this do million for weapons and equipment, which takes out
bid now to fifty three million. Not that the British
Heaveny money, of.

Speaker 6 (03:06):
Course, defeaturing a boot in the four cut wages are
up more since the general election than in ten years
of the tours we've had up the five interest rate cuts.

Speaker 2 (03:18):
And the harder he tries, the more KIMMI loves it.

Speaker 7 (03:21):
Let me read to him what his own cabinet members
are saying, and I quote the handling of this budget
has been a disaster from starts to finish. Who said
that was it? Here?

Speaker 4 (03:33):
Was it her?

Speaker 2 (03:35):
In fact I think it was probably.

Speaker 7 (03:36):
Her, Actually it was probably loving it.

Speaker 2 (03:40):
The weather is shocking in various parts of Asia, including Indonesia,
Tail and Vietnam, and of course Sri Lanka.

Speaker 8 (03:45):
Here in Candy, this is the worst hit district where
more than one hundred people have died four hundred and
seventy four across Sri Lanka itself and there is still
a search for survivors.

Speaker 2 (03:57):
And beck In Britain, the German president has arrived to
receive the obligatory red carpet from the royal family. It's
significant given a German president hasn't done that for twenty
seven years. Not the many have noticed.

Speaker 5 (04:06):
There is less interest, i would say from them of
the public and also the media. But in terms of
how important this is for the UK government and the
Foreign Office, you cannot underestimate that they are again going
to be pulling out all of the.

Speaker 2 (04:19):
Stop indeed, and that is news of the world. In
ninety surprisingly, the Malaysian government have announced that their deep
sea search this is MH three seventy winded MH three
seventy happy happened twenty fourteen. The flight was Kuala Lumpur
to Beijing. They are going to resume the search again
on December thirty. US based marine robotics firm Ocean Infinity,

(04:43):
they've been part of it before. Of course, they're going
to carry out the operation intermittently for a period of
fifty five days. Twelve past six.

Speaker 1 (04:52):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 9 (04:57):
It'd be.

Speaker 2 (05:00):
The Fabergeteg we told you about the other day that
was up for auction. It was last night, the Winter
Egg it was called. It was at Christie's and it
sold for how much fifty three point two million dollars
fourteen past. That's from curring partner Andrew kellaher morning, very
good morning, Mike, GDP number. What happened there?

Speaker 9 (05:19):
Yeah, this is the Australian so we've got.

Speaker 10 (05:21):
Lots of anticipation building in the local market about our
third quarter GDP.

Speaker 9 (05:26):
After that shots erup and.

Speaker 10 (05:28):
Sent fall in the second quarter, we started see some
quite optimistic numbers for that release, Mike. December eighteenth, I
think just before most people head away from holiday now.
But by way of comparison, across the Tasman they had
the release of their third quarter GDP or growth number,
and it's coming a little under expectations, so it's third
quarter economic growth has missed the consensus view there. Even so,

(05:53):
it's still the fastest expansion of growth in about two
years and it was lifted by consumer demand and strong
invest So year on year, their growth is printed at
two point one percent. As I say, that's the highest
of seen since the third core twenty twenty three. On
a year on year basis, economists are expecting number of
touchdry that with the quarter on quarter number, you're looking

(06:13):
at zero point four percent. Now consensus estimates where at
zero point seven so a bit of a miss, But
there's a bit of nuance here because you've got these
usual statistical sort of quirks. If you exclude inventories and trade,
the domestic economy actually suits one point two percent compared
to the compared to the previous cord. And what's been

(06:33):
happening a business have been writing down their inventories.

Speaker 9 (06:36):
That negative negatively affects GDP.

Speaker 10 (06:40):
Domestic final demand contributed one point one percent to growth.

Speaker 9 (06:44):
Their private investment grew the.

Speaker 10 (06:46):
Fastest paced, So there's sort of there's sort of pluses
and minuses in the background here, so machinery equipment, but
also importantly big data centers in New South Wales and
Victoria pushing the number up, and household consumption lifted as well.
But you can point the finger there at some of
those crazy lifts they've seen in electricity pricing, gas insurance.

(07:06):
The general view, what I can ascertain, Mike, over what
I've been reading is that even though that the headline
number is weak, the detail that I've just talked about
here means that RBA won't necessarily react to the weaker
growth scenario.

Speaker 9 (07:20):
And actually the.

Speaker 10 (07:22):
RBA had sort of talked about it like a speed
limit for the Aussie economy, which is quite low, you know,
and that sort of in those sort of low toos,
it's actually growing at that which becomes problematic for inflation.
So an interesting one, but it looks like next to you,
we could grow faster than the Aussies.

Speaker 2 (07:38):
Praise the Lord. Now, speaking of data, what happened in America?

Speaker 10 (07:41):
Oh, look, Mike, there's still they're still in catch up
mode over there following the US government shut down.

Speaker 9 (07:47):
Still very messy.

Speaker 10 (07:48):
There's a whole lot of data they say will come
out over the.

Speaker 9 (07:51):
Next couple of weeks.

Speaker 10 (07:52):
A lot of it's a little bit stale, lots of
attention on the state of the labor market.

Speaker 9 (07:56):
Overnight, we got some more current.

Speaker 10 (07:58):
Data, these what they call the ADPM deployment numbers, which
is private sector high frequency high frequency data.

Speaker 9 (08:04):
It wasn't very good, Mike.

Speaker 10 (08:05):
US companies have shared payer or in November by the
most since twenty twenty three. So private sector payrolls have
dropped by thirty two thousand and small companies very weak,
dropping one hundred and twenty thousand jobs.

Speaker 9 (08:17):
Out of the payroll there.

Speaker 10 (08:18):
That's for the private for the small companies, that's the
largest one month of client since May twenty twenty and
four of the last six months have seen those payroll decreases.
So it's not the buoyant labor market that the Trump
agestration would like to see. The November payroll data, that's
the big important one that's not due for a lesson
till December the sixteenth. You also had the ISM Services

(08:40):
Index overnight. If I look at the employment component of that,
it's also in contraction for the sixth and sixth month,
and the manufacturing counterpart earlier this week was soft as well.
The headline number of that ISM was okay, mate, but
it looks like they might have a little bit of
weakness in the labor market, which is something I don't
think the Trump administration wants to see.

Speaker 2 (09:02):
No, indeed, not this Anthropic thing one is going to happen,
and two if it does, is it the biggest thing
the world has ever seen?

Speaker 9 (09:09):
Well, yeah, we're talking AI now.

Speaker 10 (09:10):
Now everybody knows about open AI, and Anthropic probably not
quite as well known, but it's the sort of a
competitor to open AI.

Speaker 9 (09:17):
They've got the clawed chatbot.

Speaker 10 (09:19):
They've taken a significant step towards listing towards an IPO
or so is being reported in the Financial Times. They've
brought on board a prominent US law firm to begin
the groundwork for that IPO. They've just got to start
to gauge public appetite. I think here might because these
even though they're sort of front and center and everybody's
using them and they're the biggest story ever, they're still great,

(09:41):
big loss making businesses. They could be worth hundreds of
billions of dollars if they do go to IPO. But
it's going to be interesting to see whether the public.
I know we all love AI, but do you want
to invest in something that's not actually making any money?

Speaker 2 (09:55):
Yes, very good question. What are the numbers?

Speaker 10 (09:58):
The Dow Jones is up two hundred ninety points forty
seven thousand, seven hundred and sixty eight, so that's all good,
point six percent five hundred eking out again up twelve
point sixty eight four.

Speaker 9 (10:09):
Oh, that's point one seven percent.

Speaker 10 (10:10):
And the Nestic at the moment sort of flirting it's
up and down.

Speaker 9 (10:13):
Let's call it fly.

Speaker 10 (10:14):
It's just gone up a little bit, actually, up seventeen
points point zero eight percent, twenty three thousand, four hundred
and thirty three overnight forts one hundreds fall fall nine
six nine two. That was only ten point four. The
nick Cave is up over one percent, so that's pretty good.
Forty nine thousand, eight hundred and sixty four. The Shanghai composite,
the eight seven eight down twenty about half percent, the

(10:35):
ASEX two hundred yesterday gain fifteen points eight five nine
five and on the Enzetex fifty we gain quite a
good day. Actually, we're going to zero point five nine percent.
That's eighty points thirteen thousand, five hundred and eighty two.

Speaker 11 (10:46):
Key.

Speaker 10 (10:46):
We dollar starting to look a little bit stronger point
five seven sixty seven against the US point eight seven
five ergains the ossie point four nine four six Euro
point four three two seven pounds eighty nine point five
Oh Japanese yend goal two hundred and eight dollars and
breakthroughit is behaving itself for sixty two dollars and sixty nine.

Speaker 2 (11:06):
We'll take it. See you tomorrow. Andrew Keller here, sure
and partnersking. Despite the job situation in America, so Macy's
have announced strongest growth in more than three years. They
got to turn around strategy, so that's working for them.
American Eagle, you know, Sidney Sweeney, Travis Kelsey, all that
sort of stuff. They're expecting sales to grow over the
holiday period eight to nine percent. That took everyone by
a surprise. And as regards are the old Thanksgiving thing,

(11:28):
they got some numbers on the Thanksgiving Day through Cyber
Monday from the National Retail Federation. Largest turnout of shoppers
since twenty seventeen. So they're glum. If you ask him,
are you glum? Yes, we're glum. And yet they all
still turn out and shop because two hundred and two
point nine million people shopped during that five day period,

(11:50):
six twenty one views. Talk z'd be so money about
it won't get you too Fuck.

Speaker 1 (11:57):
The Vike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at be See.

Speaker 2 (12:04):
Here's the thing I'm talking about. People are spending in America,
but the National Retail Federation are huge drop in the
number of jobs they're looking to hand out over the
holiday period because of course New Zealand's dreadful. I know
this personal experience, very hard to get a job at
the moment over the holiday period. Normally they employ about
four hundred and forty thousand people over that holiday period
this year two sixty five to three sixty five, as
much as a forty percent drop. That's before you get

(12:26):
to planes. By the way, can he Airbus have announced
overnight that they're not going to be able to deliver
as many planes this year because they've got fuselage panel issues.
This is on the A three twenties, that's after the
A three twenties. We're having trouble with the software. The
software and the panels are completely separate things, but they're
still causing I mean, can anyone make a plane anymore?
Six twenty five.

Speaker 1 (12:46):
It's trending now with the wimmersware house your home for
Christmas shopping?

Speaker 2 (12:51):
You is speaker Mike Johnson. So he was asked yesterday
about the second boat strike that's being looked at as
a potential war crimes as Hegseth and co. The cabinet
had a good word about that yesterday.

Speaker 12 (13:02):
I'm not going to prejudge any of that. I have
been listening again, I was pretty busy yesterday. Didn' follow
a lot of the news.

Speaker 2 (13:08):
Now have you heard that before? Is that his standard
go to response? I think yes, you have. I don't
know the details about that.

Speaker 12 (13:15):
I'm just I don't know. I've never seen the Epstein evidence.
It wasn't in my lane. I don't know anything about
the mean Cooin thing.

Speaker 2 (13:21):
I don't know.

Speaker 12 (13:21):
I don't know anything about the dinner. I was a
little busy this past week because you know, I'm not
following all the twists and turns of the guitar yet.
I haven't looked into the details of the RSC budget.
There's lots of nuances. That's first i've heard of that
on anything about it. I have not heard or looked
into any the details of that. Have been a little busy.
I haven't seen the specifics of that, and I don't know.
I don't know the details. I just saw a headline

(13:43):
this morning. I don't know what you're talking about with
the children. Look, I'm not going to make any detail
statement on this because I don't know the details. I've
been very busy the last forty eight hours or so.

Speaker 9 (13:53):
I haven't seen it.

Speaker 12 (13:53):
I can't comment on it.

Speaker 13 (13:55):
That's not my lane.

Speaker 9 (13:56):
I don't know.

Speaker 13 (13:57):
I don't know anything about it yet.

Speaker 2 (13:58):
It's been really busy, as you've got.

Speaker 12 (14:00):
I don't know what Eric was seeing because I only
heard just a snippet there.

Speaker 13 (14:04):
I don't know the context he.

Speaker 2 (14:05):
Saw, just been really busy, not in as lane. So
we covered off the kitarjet, the Epstein files, the mean coin,
the crypto dinner, Ice arresting over forty American children, the Keem,
Jeffrey's death threats, Argentina getting forty billion dollars, Trump's saying
workers wouldn't get back paid during the shutdown. Trump's opposed
a birthday card for Epstein, a congressional or a congressman

(14:27):
putting his mistress on his payroll.

Speaker 4 (14:30):
I didn't read much of the news over the weekend.

Speaker 14 (14:35):
Sorry, what was that?

Speaker 2 (14:36):
So we got some good news on the sheep from
a specific company. So I got a couple of questions
around that. Is it the specific company that happens to
be doing really well? Or we got some upside to
the sheep meat story in this country. So we got that,
we got a Chinese skiing deal for New Zealand, which
is good, and we got some good tourism news as well.
And Hugh Jackman and Kate Hudson are in What more

(14:59):
could you want? For goodness sake?

Speaker 1 (15:02):
You're trusted home for news, sport, entertainment, opinion and Mike
the Mic asking breakfast with Veda, Retirement, communities, life your Way,
news talks, head been.

Speaker 2 (15:14):
Obviously the breakdown and talks as regards the war, Joe's
in Italy for as the Pope's also waded into the
business of mid euro and Trump. So more for you
shortly back here meantime at twenty three minutes away from
seven more evidence that the old farming sector is doing
the heavy economic lifting Headwater's farmers. There behind Lumen and
Lamb are the forecast of returns of twenty three to
fifty per LAMB, which is up sixty percent. They got

(15:35):
strong growth in newmarkets places like Saudi Arabia and Malaysia.
Now Steve Brown's the boss at Headwaters and Lumina and
is with us. Steve, morning to you, Good morning, Mike,
pleaded to be here. Now Beef gets the headlines. But
of course, is there a good LAMB story And is
the Lamb's story good because it's you guys, or is
LAMB just generally a good news story.

Speaker 15 (15:55):
It's a good question. I think Lamb is generally a
good news story. But we'd like to think so sort
of Headwaters and Lumina are leading the way as far
as global recognition, so the outlook for lamb generally is strong,
but certainly for lumina, it's looking really positives for people.

Speaker 2 (16:12):
Who don't follow us, who are lumina, who are headwaters.

Speaker 15 (16:15):
So it's a great story that started about twenty years
ago with a group of fourteen farmers in Central Otago
in Southland who wanted to breed a different type of
sheep that had increased survivability. And over the years what
they found breeding that sheep is it had high levels
of Omega three and intramuscular fat, which made it a

(16:38):
great eating lamb as well. And what we've found and
developed as a feeding regime where the lambs are fed
on chickory for thirty five days and that helps the
eating quality and provides a more consistent and high quality
eating experience for consumers. And that's now one hundred farms

(16:59):
around New Zealand.

Speaker 2 (17:00):
Fantastic. So you're the quality story, aren't you. You're the
It doesn't matter. There will always be people who will
be prepared to pay extra for something that's good.

Speaker 15 (17:09):
That's exactly it. So I think where these farmers wanted
it originally was they were tired of sort of seeing
the lambs leaves the farm and not knowing where they went,
and they wanted to be connected to the market. So
the strength of the brand, the lumin of brand, is
really that strong connection to international markets and a select

(17:30):
group of distributors who target premium restaurants Mitchellin Star restaurants
and diners that want that exceptional lamb meeting experience.

Speaker 2 (17:40):
I was going to ask about that, how much of
it ends up in a restaurant versus in a supermarket.

Speaker 15 (17:44):
It's virtually one hundred percent into food service and restaurants.

Speaker 14 (17:48):
So we trial.

Speaker 15 (17:51):
I think a few of our distributors and markets look
to test the retail market, but really it's the feedback
from the chefts that tribes enthusiasm from the farmers or
for the farmers, and that feedback has been well recognized.

Speaker 2 (18:07):
What's your potential do you think?

Speaker 15 (18:12):
Yes, twenty years and we still call ourselves a startup.
We've grown from fifty thousand lambs in twenty twenty one
to a quarter of a million this year. And you know,
in a declining flock in New Zealand, where we'd like
to think that we've got the potential to grow to
a million lambs and help sort of introduce the will
to this fantastic protein that we produce.

Speaker 2 (18:35):
How big of the Sound East, Well, how big will
they be?

Speaker 15 (18:38):
The feedback's been really positive and we are only in
Saudi Arabia a wee bit and do buy at the moment,
but that whole Middle East is you know, there's a
lot of wealth and the big lamb eaters, so that's
a growth opportunity. But even in the in the UK
and Europe there's opportunities for Lumina where they've got Welsh, Scottish,

(19:02):
Irish lamb and you know, we want to take them
here on and show them what quality lamb looks like.

Speaker 2 (19:09):
Great story. Well and Steve appreciate it very much. De
Brown who's the CEO of Headwaters and Luminous. So there
it is. I mean, you can't argue with sixty percent
increase with potential upside, and people will buy quality when
it's available to them.

Speaker 1 (19:21):
Nineteen two The Mic Hosking Breakfast Full Show podcast on
iHeartRadio powered by News.

Speaker 9 (19:27):
Talks it Be Now.

Speaker 2 (19:29):
You may remember we talked about Macarthurridge Vineyard, little refresher
significant vineyard, one of the most southern in the world.
In the Alexandra Basin. That's a subregion of the Pino
powerhouse Central Otigo, of course, so the location delivers superb
taste and consistency in the wines and is proof. As
we told you at the time, the Mcarthurridge Range had
one back to back awards locally and globally, including the

(19:50):
World's Best in Show Peninwa at the Decanta No Less
to Cantawan Awards. So how do they do that? Well,
the secret is all about the extremes of the climate,
of course, bitterly cold and win with the grapes constantly
threatened by the frost but scorching in summer. And because
of all of that, the grapes grow with a robust
depth of flavor. That's the magic of Central Otago pinots.
So if you're looking for a wine to savor or

(20:11):
something very special to share with friends or family over
this festive season, then you might want to choose one
with a very good, very interesting story behind it. It's
the acclaimed MacArthur Ridge. It's available at all good wine retailers,
so look out for MacArthur Ridge or if you want
to go online, Macarthurridge dot com. You got the address
MacArthur ridge dot com ask now, though voting in Tennessee

(20:34):
yesterday turned out to be sort of a non event,
they were trying to hype it up. It was for
a vacant seat congressional election, Republicans v. Democrats. Obviously Republicans
should have won, and they did. Democrats were in that hole.
We might turn it and if we can flip it
all it's all on for next year in the midterms. Anyway,
the Republicans won by nine points, which is not as

(20:57):
much as they won last time. But then again, it
never is in an off peak election, isn't it. So
the upshot was the Republican's one, and I think that's
the end of it.

Speaker 1 (21:05):
So it's forty five International correspondence with ends and eye insurance,
Peace of mind for New Zealand business and Italy.

Speaker 2 (21:12):
Jne A ken A very good morning to you.

Speaker 16 (21:14):
Good morning Mike, and no Christmas.

Speaker 2 (21:16):
And to you as well. Now, now this whole talk
we've had in Russia the last couple of days, the
war's not going to end. I mean we're we's it'ly
get with all of that.

Speaker 16 (21:24):
Well, there has been some tension inside the cabinet between
the Prime Minister Georgia Maloney's right wing party and her
partner there Matteo Slovini from the League. They seem to
have delayed this decree that would allow more supplies to
move from Italy to Ukraine. But the Prime Minister was

(21:45):
really staunchly defending Italy's defense today when she spoke to
the media in the Middle East. She's there for a
Gulf summit. She said that the decree will be passed
by the end of the year. Italy will continue to
support Ukraine to defend its of as long as there
is a war. So she's been quite consistent on that
message and insists that they will get their act together

(22:08):
by the end of the year.

Speaker 2 (22:10):
In what way, because every time they have a meeting,
goes back to Russia and Russia goes no thanks, and
that's the and so run around we go.

Speaker 9 (22:17):
Yeah.

Speaker 16 (22:18):
I mean, she says that they're committed to working, of
course with the other EU leaders for peace, but in
terms of getting her act together with her coalition, I'm
wondering if she just doesn't mind that Selvini is the
voice of opposition talking to some people that inside Italy
that might be disillusioned with Italy's continued support for Ukraine.

Speaker 2 (22:39):
Yeah, then we come to another matter of concern globally.
This is Madeira and Trump and his relationship with him.
So the pope waves and what you read on the
Pope so far is he political?

Speaker 16 (22:49):
Look, I think he's stepping up. He's riding high after
this first overseas trip that he's made to Lebanon and Turkey.
Prize to see how much interaction he was having with
the media aboard the flight, also speaking English, which he
doesn't do very often, and also giving some of his

(23:09):
presentations abroad in English. He's stepping it up, and he's
urging the President Donald Trump to not to intervene in Venezuela,
not to oost the president Nicholas Maduro using military force,
and a direct appeal to Trump. I think to reconsider.

Speaker 2 (23:27):
Yeah, interesting, your unemployment rate, what's it at now?

Speaker 16 (23:31):
Yeah, well, we're seeing employment at sixty two point seven percent,
but when we look at the unemployment rate, it's around
six percent. And I think what's really worrying is that
use unemployment is still around twenty percent, So we shouldn't
be too excited about that.

Speaker 9 (23:47):
Now.

Speaker 2 (23:48):
It's always the way, though, isn't it of you do
you have that we have this big debate in this country.
Too many kids to leave school without the qualifications. There's
not enough channels to go from school into something that
actually needs people working for them, so they all end
u unemployed. Is it the same there?

Speaker 16 (24:02):
Yeah, And I think we see a big division two
mike between the north of Italy and the south of Italy.
Is just not enough opportunities down south, and kids are
languishing and not really moving forward.

Speaker 2 (24:13):
Very very sad. Now these luxury brands, this has been
going on for a while. I'm glad it's being paid
some attenation to because of course this is not about
the ripops that you find in a Chinese market, but
these guys, these big name brands, and whether or not
they use these third world sweatshops and yet still charge
your first world money.

Speaker 16 (24:32):
Yeah, I think that's really interesting. And I think these,
as you say, these luxury brands are very much the
big names in Italy. They're seen as you know, soft culture,
cultural diplomacy, as well as of course very important economically.
And five fashion brands are under court administration after an
investigation by Milan prosecutors. And it's really about the worker

(24:53):
abuse in the supply chains inside Italy, and I think
that's also interesting too, not just the offshore stuff.

Speaker 2 (25:00):
Interesting all right, Josephine, you have a fantastic break, and
I'm away for a short, very short period of time,
and then before you know it, we'll be back together
in twenty twenty six.

Speaker 16 (25:09):
Do you go all the bets have a great time.

Speaker 2 (25:11):
Joe McKennis, she's delightful. Bulgaria, by the way, just before
we leave that particular part of the world, they're withdrawing
a budget plan. Huge rallies over the weekend, not the
first of the rallies. Have been many rallies, but this
was a particularly big one. So next year's budget it's
to be delivered in euros, which is a first. Because
they joined the Eurozone as the beginning of this year.
Public opinion over adopting the Euro is always a problem.

(25:33):
Speaking of Italy, I remember being in Italy when the
leraate went and the Euro arrived, and my brother in
law was like beside himself, and he was right too,
he said, you're not going to be able to afforard
a thing anyway. Protests against the government corruptions, the old
story in Bulgaria they look to increase social security contributions,
taxes on dividends, and that finance is highest spending. Basically,

(25:53):
the people didn't want it, and so they've been successful.
It's been dropped ten to seven.

Speaker 1 (25:58):
So my costing breakfast with Vida Retirement Communities News togsad been.

Speaker 2 (26:02):
Mike, is there anywhere in New Zealand you can buy
that lamb? Or does it? We'll go over seas pret
I don't actually know. It's not a bad question, but
those sort of niche products tend to be available in
limited supply locally. If you want to you generally have
to go to the source in that sense. But I'm
sure a bit of homework can do that for you.
Pete Hexth, By the way, it's going to be interesting
to see where this goes. So tomorrow the publicly released

(26:23):
version unclassified version of the old signal gate remember signal.
Back in March he risked this is the report he
risked compromising sensitive military information. Inspector General has done the report.
Four sources of leaked so far. It's already gone to
the Senate. He offered specific, real time updates about planned
military strikes. They were so specific that one even read

(26:45):
this is when the first bombs will drop. So you
remember that particular story. They said, it's no big deal,
he didn't do anything wrong. But that's what Pete says. Now,
dovetail that with the business of the second strike in
the potential war crime and Trump's measure comments of support.
And I just wonder if before Christmas Pete's going to
be sent home to find another job. We'll be interested

(27:07):
to see where that goes. Tomorrow five to seven.

Speaker 1 (27:10):
B the ins and the ouse. It's the fizz with
business fiber take your business productivity to the next level.

Speaker 2 (27:18):
Our report from uber each this morning our most ordered
dishes and trends. They generate roughly one hundred and twenty
million dollars per year for business as seventy percent of
users say they've discovered a new restaurant because of this. Now,
the busiest day of the year for the North Island
was June twenty seven. It was a cold day, so
basically we're lazy. We can't be bothered going out South
Island fifth of October. That was the last day of
the school holidays. Now, the most ordered dish of the

(27:39):
year butter chicken and the garlic Nan of course, all
was thirty thousand times. We ordered that. We love the
zero sugar. These days we're into the healthy drinks. Orders
for zero sugar drinks are up twelve hundred percent compared
to twenty twenty three. Match your orders up three hundred percent.

(27:59):
We love Super Bowl or finals, big sport events. Super Bowl,
we ordered a lot of fried chicken. Salt was the
most popular add on, followed by cheeseburgers and pickles. I'm
not sure cheeseburger's an add on. I mean you sort
of order whatever you already added cheeseburger, and also.

Speaker 17 (28:14):
You're adding salt onto whatever it is that you're getting.

Speaker 2 (28:17):
Precise What was the most ordered coffee? Flat white? Why
you'd order coffee to be the livered I've got no idea,
because it'll be cold. First of all, they get lost
going around the blanc, and then by the time they
get there, the lids come off and half of it's spilled,
and it's cold. Why do you order your coffee? Do
we tip? Sort of? North Island average of two fifty
South Island two forty one. One person had twelve hundred orders,

(28:42):
cookie pies being the thing they ordered most. Someone made
twenty fail orders. In the same day. The most expensive
order was for twenty ninety two dollars. Weirdest order fifty
one bananas. But we you've forgot you know what, Jason's lemons.
Jason's lemits. Surely that goes into the headline, Jason, if

(29:03):
you missed the story at the time, something happened to
my limits count what oh, that's right, my water got
thrown out ahead no limits. So Jason ordered ubered some
lemons and they got lost as well, didn't they? So anyway,
news for you in a couple of moments. Then we've
got a couple more reports on the economy of relatively
good news.

Speaker 1 (29:20):
The newsmakers and the personalities the big names. Talk to
Mike the mic asking breakfast where the defender embraced the
impossible news toksad.

Speaker 2 (29:30):
Be seven to the Andrew caster Saga, as you'll be
well aware, has come to a conclusion. We have a
resignation and an apology. It follows the IPCA review into
the handling of the MC skimming complaints of Brian Roach's
the Public Services Commissioner, of course, and is back with us.
Good morning to you, Good morning. Was this a time
play on your partner which you were looking to direct
them to where he got.

Speaker 18 (29:51):
I think it was just a process. He finally got
to the point many others had got to. I think
he's got to the right place. It took three weeks,
which is longer than some of us would alight, but
it was important we got the right outcome, and I
think we have.

Speaker 2 (30:06):
How was the ball in his court?

Speaker 18 (30:10):
Ultimately? I had decision rights, but he also had decision rights.
He exercised those before I had to do anything else.

Speaker 2 (30:17):
Was he aware you would have sacked him?

Speaker 18 (30:21):
I think it was very clear to him that that
was a likely outcome.

Speaker 2 (30:24):
So you at no point you said, listen, mate, I'd
like you to just write a letter and be nice
about it. If you can't, I'm going to sack you.
So nothing like that was ever exchanged.

Speaker 15 (30:32):
We didn't do We didn't do that.

Speaker 18 (30:34):
But you know, he has spent a lot of time
considering his position and what defense, if any, he had,
And I think his public statements are very clear that
he's taken a very difficult, but I think appropriate decision.
He's accepted responsibility, express regret, and apologized he's lost his job.
I'm really not sure what more he could do.

Speaker 2 (30:56):
Did he move ground significantly? I was told earlier on
he was, if not a ghast at it, certainly surprised
he couldn't work out what he'd done wrong. Was that fair?

Speaker 18 (31:06):
I think it's become a little while to learn the magnitude.
But he is not a stupid person or in any
form of denial. It just he absorbed the IPSA report,
as he said, he was shocked when he read the
totality of what went on.

Speaker 2 (31:23):
The apology in his wording, is that all him?

Speaker 18 (31:28):
It's him and me?

Speaker 4 (31:30):
I think he.

Speaker 18 (31:32):
Those words are his words, are not my words. But
I strongly endorse what he's done, and I think it
shows account accountability in action. We don't see a lot
of it.

Speaker 2 (31:43):
No, I was just what I want to know. Is
he genuine in the apology? I mean he's come to
a conclusion that he's genuinely sorry, he genuinely made a mistake,
and you know he's going to lessen here.

Speaker 18 (31:53):
All my experiences of Andy Costa, he's a very genuine person,
he's very sincere, and he has got real courage. I
absolutely believe what he said.

Speaker 2 (32:04):
He believes right now that you've dispensed with this, and
I presume you're going on holiday. Where's this reorganization of
the public service got to while you've been handling all
this nonsense.

Speaker 18 (32:16):
It's progressing. We still have a plan, which I've talked
about publicly. Ultimately it will be amount of a decision
by ministers. But I'm strongly of the view that we
have too many entities. We could do the same amount
of work with less entities. We could remove duplication, adop technology.
I believe it's a really strong story for those who
work in the public sect.

Speaker 2 (32:36):
Good, good, good. When's it all going to happen?

Speaker 18 (32:39):
I would like to start early next year if I could,
but this will take three to five years. It's not
an overnight thing. It doesn't need to be. But if
we don't move now, our options will become less and less.
I think that's to the detriment of the tax path.

Speaker 2 (32:54):
Good stuff. Nice to talk to you, Brian go Well.
Subrian writes Public Services Commission. A ten minutes past seven
past gig of related matters. New economic forecast to have
a look at comes from Business New Zealand. They're calling
a GDP number of just under three percent by the
end of twenty seven. They see momentum coming in manufacturing, construction, tourism.
They talk aboutset sales, which is interesting. John Paska is
the Business New Zealand Chief economist and is with us.

(33:16):
John morning to you.

Speaker 19 (33:17):
Good morning.

Speaker 2 (33:18):
Having had a good look at this report this morning.
Year in the retirement healthcare camp of people who say
this is all going to be unaffordable and we're going
to need to make some fairly serious decisions. Do you
reckon we're up for it?

Speaker 19 (33:30):
Well, I think that it's the success The governments are
ready sort of kick this can down down the road.
But I think there's more and more public debate now
that not only from you know, Treasury, but even healthcare
organizations and age care that they realize that this is
going to have to be addressed and sooner rather than

(33:53):
later would be desirable.

Speaker 2 (33:54):
And what about the government idea around debt? I mean,
I'm so glad people are starting to talk about debt.
I mean, the debt is just a problem. I mean
we're not even getting back to surplus until twenty eight,
twenty nine, and even then it's touch and go. Do
you think people get that bit?

Speaker 19 (34:07):
Well, I think it's been We went through obviously difficult
years under COVID. But I think there was almost like
an impression that, you know, we had low levels of
debt and it wasn't a problem of the sort of
government borrowing up the eyeballs and you consider it eye
on the government to bail you out. And I you know,
once you start dealing with really really big numbers, people
know the price of the copper coffee, but when you
start talking about you know, fifty one hundred billion dollars,

(34:29):
there's their eyes glows over and they can't really get
in that space. So I think unless you actually sort
of try and simplify it and sort of say, look,
you know, your average household is basically in debt of
you know, a couple hundred thousand or whatever, then that
sort of gets a bit of reality into the process,
as it were.

Speaker 2 (34:46):
Are you for rasset sales or the regeneration of income
from assets?

Speaker 19 (34:51):
Well, I think you have to look at everything and
it's in its own merits. It's not a case of,
you know, just simply selling off the family silver. But
you've got to sort of really question, you know what,
why why do we have state owned farms, you know,
seting state owned electricity generation and so on so and
it's not only that, but it's actually getting more efficient
use of resources and also potentially opening up areas of

(35:14):
government monopolies to competition. So you know, private sector generally
has greater incentives than the public sector and are not
not prone to political motivations. So generally the private sector
does better overall and over time in terms of managing assets.

Speaker 2 (35:30):
Regrowth. GDP is next year real, it's going to happen.

Speaker 19 (35:34):
Yeah, yeah, no, no, it's I think if you're looking
at you know, there's a lot of indicators coming out,
both both official from stats but forward looking indicators that
show really across the board, things are hanging a lot
more positive. So you know, obviously it starts with business
confidence and consumer confidence. Business confidence is high. You know,
I've always taken some of these confidence surveys with a

(35:56):
grain of salt because people can you know, it depends
on the all blacks one or not, and that can
the termine whether they feel positive. But it's extrall the data.
What's actually happening at the end of the enterprise level.
That's the important stuff, and that's sextually improving.

Speaker 2 (36:08):
Good to hear, John, well done. John Pasco is the Business,
New Zealand Chief Economists fourteen past seven The.

Speaker 1 (36:14):
Hike Asking Breakfast Full show podcast on iHeartRadio powered by
News Talks a.

Speaker 2 (36:19):
B News Talks. There'll be Hugh Jackman Kate Hudson after
eight this morning meantime seventeen past seven more on the economy.
Got a new deal for our ski industry into its
ski and sunk Bonski have signed. Who are sen Bonski?
While they're Chinese? Thirteen and a half million active skiers
in China. Paul Anderson is the New Zealand Ski CEO.
He's with us, Paul Morning, Good morning. Where's this come from?

(36:43):
I mean, do you just go, I know, let's go
target some Chinese people or do the Chinese people ring you?
How's this work?

Speaker 9 (36:49):
Now?

Speaker 4 (36:49):
Look, we've seen an increasing number of Chinese visitors on
our ski here is currently peak remarkables, particularly in Queenstown
over the last couple of years since COVID, and we've
kind of gone into that market supported by Touris of
New Zealand and managed to get this deal in place,
which gives us a good exposure to really fast growing market.

Speaker 2 (37:13):
I would argue, if you'd asked me previously, all skiers
on New Zealand slopes are either New Zealanders or Australians.
Is that broadly correct?

Speaker 4 (37:21):
Yeah, absolutely, they're about ninety percent of our skiers are
New Zealand or Australians. New Zealanders still make up the bulk,
but that Australian market's important for us because they're high yielding.
They spend a lot, and we've seen that with the
Chinese as it is that are arriving. They're no longer
the traditional bus tours of groups that came through from China.

(37:43):
They're what we call fit free, independent travelers and they're
really high spending. Great for the retailers and restauranteurs downtown
as well.

Speaker 2 (37:53):
Are they off season so you target Americans, Japanese and
Chinese off season or it doesn't work that way.

Speaker 4 (38:00):
Ye know that they are. They're obviously if you're in
Beijing during the summer, it's a very hot place to be,
so you know, they welcome that opportunity to get to
a nice, crisp winter down south New Zealand.

Speaker 2 (38:12):
Why don't we target Americans in Japanese?

Speaker 4 (38:15):
Yeah, they're coming as well. Look the Japanese, the Japanese
did drop off for a long time as their economy
wasn't so good. But we are seeing a few Japanese
coming back, and with that ear connectivity into North America,
we're seeing an increasing number of North Americans coming. We've
also got pass ski pass affiliations with icon and non

(38:37):
collective from to North America, so that's born an increasing
number of Americans as well.

Speaker 2 (38:42):
Just real quick as the climate and increasing issue North
Island ski fields, it is down south? You still okay?
In other words, have I come from China? I know
I'm going to ski?

Speaker 11 (38:51):
Yeah?

Speaker 4 (38:51):
Absolutely. Look, we've made massive investments in snowmaking and Queenstown.
In fact, in this coming year we've just purchased what
they call a snow factory, which allows us to make
snow right from early May, so we can guarantee our
opening now at the end of May each year.

Speaker 2 (39:10):
Awesome world, I'm Paul. Good news like it. Paul Anderson,
who's the New Zealand Ski CEO. This business of tourism
and events that God announced yesterday as part of the
seventy million. The seventy million didn't announced yesterday. Some of
the a tranch of the seventy million God announced yesterday
to bring events here will have a look at this
after seven thirty Men times seven twenty.

Speaker 1 (39:31):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks EP.

Speaker 2 (39:39):
Now, if you're not up on this, you need to
be street smart, hands on in car training for young drivers, right,
So basically teaching the roads unforgiving realities. It's stalled. But
Tony Quinn, as in the Tony Quinn Foundation, came along,
brought it back. They got on board. Now Starr Insure,
they're a great company. We love Star Insurre. They're supporting it.
They're not waiting. We've got racing legend Greg Murphy on board.
He's backing the program. So that's credibility. Sabaru. They recognize

(40:02):
the critical need for practical education. So Starinshur's commitment means
that basically, more young drivers get skills that keep them alive.
So you can forget the classrooms and the computer tests
and all that stuff. This real world. This is real
world reactions. So if you're a business leader, this is
the message. If you're a business leader with a conscience,
give street smarter call, put your corporate muscle where it matters.
Or if you've got a young driver in your life,

(40:22):
book them onto a street smart course. It's not a luxury,
it's a necessity. So Starr Inshaw, the Tony Quinn Foundation,
Greg Murphy, Sabaru, they're making a difference. So it's about
time we backed what actually works. This is street smart.
Look it up and maybe get involved. Seven twenty three.
Now the Australian Social Media band has started, well sought of.
It came in on Monday, officially December one. It actually

(40:45):
starts D Day as they're calling it is December ten.
So the worrying thing is that one of the big
backers of the idea said she believed, she believed with
all her heart her words, we were saving a generation.
Now that simply, of course is not true. I mean
saving them from what themselves. Theory versus reality very powerfully

(41:07):
at play in this particular move. So we're dealing with
too many intangibles here. So between Monday and this time
next week when it begins, teens have been busy in
Australia finding new apps that aren't covered by the band.
Influencers are busy as we speak directing traffic to those
new outlets in order to work around the rules. Now
the government smart this has been busy this week announcing
a new series of apps that will be covered. So
we're in a sort of a whack a mole stage

(41:28):
at the moment now, as far as I can work out,
a lot of pressure has been placed on the tech
companies to make sure kids don't lie. How literally that works,
I got no idea. I mean, like alcohol, you'll be
asked what age you are. Whether a tech company can
be held liable for dishonesty. I suppose, in some way,
shape or form will end up in court. Face recognition
user profiles can be used, I guess, but at some
point a market the size of Australia might well end

(41:51):
up being more trouble than it's worth. Far better to
battle as these tech companies do with places like the EU,
where privacy and trading laws are constantly under review and
fire to hand it out on an almost continual basis.
Never forgetting, of course, that these tech companies we're now
dealing with businesses worth more than many countries and governments. However,
flip side, this could of course be the trojan horse

(42:13):
Australia at the forefront of a major global movement that
is going to somehow shift the nature of technological interaction
of an entire generation. Studies may be launched if you
were banned, say pre sixteen, when you get to the
golden age of sixteen, you suddenly cause you can get
on there and go nuts. The repression never forget is

(42:35):
a problematic trait and a lot of social activity. So
we watch, I guess with interest. I don't think it
will lead to a lot. Personally. It was a has
a touch of virtue signaling about it all. But theory
in Australia is now reality. And I tell you this
for nothing a but a lot of parents wish them
well pasking. And then you come to YouTube, who yesterday

(42:56):
called it D day. They said Messenger, WhatsApps, see they're
not on the list. Discord Roadblocks is not on the list.
There's still a lot of detail, they were saying yesterday,
a lot of details surrounding the social media band that's
hard to pin down. They're disappointed. So they can't have playlists,
no subscriptions to fault well being tools all set aside.
But anyway, Rachel Lawd, who covers not just Australia for

(43:17):
YouTube but also New Zealand, Senior Manager of Public Policy.
As we've consistently said this rushed regulation misunderstands our platform
and the way young Australians use it. Most importantly, this
law will not fulfill its promise to make kids safer
online and will in fact make Australian kids less safe
on YouTube. Making it slightly complicated. Is Anaka Wells, who

(43:41):
I happen to watch yesterday. She was in front of
the press people giving a lunchtime address and Anaka had
just been busy spending one hundred thousand dollars of taxpayers
money flying to New York to sprook her social media policy,
and so the questions were mainly around Anaka, how come
you need to spend one hundred thousand dollars for a
three day trip to New York, which of course took

(44:02):
everyone's attention away from the main subjects concerned, right terrorism.
Some of the seventy million dollars to get events into
the country was released yesterday and we got Lincoln Park
and we got some dance fest out of Miami. Do
these things actually work? We'll crunch some numbers for you
after the news, which.

Speaker 4 (44:19):
Is next.

Speaker 1 (44:22):
Credible compelling. The Breakfast Show You can't bess it's the
mic Hosking breakfast with Bailey's Real Estate doing real estate
differently since nineteen seventy three, News togs had been my
care here on.

Speaker 2 (44:33):
The news that Andrew cost is very sincere and a
straight shooter. That's the case. He's cleanly, just and competent
and should never have been appointed.

Speaker 20 (44:40):
Yet.

Speaker 2 (44:40):
I didn't raise that with Brian Roach this morning, but
that that captain's call thing is probably one of the
learnings out of all of this, isn't it. Meantime, twenty
three minutes away from Itte, we're starting to see what
the seventy million dollar major events funding packaged buys. First
crunch has been an out. So we're going to get
Lincoln Park at Auckland six sixty and Symphony open at
the Christian Stadium. The Ultra Music Festival out of Miami

(45:03):
comes to Wellington now. Nick Hill is the chief executive
of Auckland Unlimited and as well. There's Nick morning to you.

Speaker 14 (45:09):
Good morning, Mike.

Speaker 2 (45:10):
Convince me now because I'm sort of on the side
of getting more people here, and I understand the methodology
around it in the mathematics, but here's my thing. Because
they had David Higgins on earlier on this morning the promoter,
and he was trying to explain I looked at the
six sixty thing yesterday, right, So six sixty and symphony.
Now would you sell out christ Church Stadium if you
put that on? I think yes you would. And you

(45:33):
don't need the government. Why is the government so important?

Speaker 14 (45:38):
Well, it depends quite often you do need public money.
I can't talk about the stadium in Christchurch and whether
that would set up without the government. There's certainly an
element of risk in it. So you know, someone like David,
who is a bit of a genius, has taken awful
lot of risk in his life, and the question is
if you want things to happen, you underwrite some of

(46:00):
that risk. And that's where public funding comes in.

Speaker 2 (46:04):
So am I being too free market about this? I mean,
you know, so David takes a risk, give that's on him.
That's his business. And when when the risk pays off,
he makes a lot of money on them. That's business.

Speaker 14 (46:14):
No, No, you can be free market. There's a problem
of free riders around promoting and bringing big things in
because there's a lot of benefits that flow to a
whole lot of people beyond those that will actually necessarily
pay so how do you how do you get enough
investment to get the kind of the level of the
event you want to have the impact that not everybody

(46:35):
will actually pay to get the benefit of it. It's
a tricky economic situation.

Speaker 2 (46:40):
It's free riding, okay. So when I look at the
Ultra Music Festival in Wellington, I mean I mean would
that have come here anyway? Or we just simply don't know?

Speaker 14 (46:52):
I like gain That's not what I know a lot about.
But I can talk in the context of Auckland and
part of what the are do with this, which I
think is the smart thing, is saying how can you
actually make existing events bigger and how would you use
additional funding to do that? So things like the Readers
and Writer's Festival in Auckland is a fantastic event, but

(47:14):
can you make it more international? And so the funding
that's coming in for that is to try and achieve that.
So how do you get Australians to come to Auckland
for that? That's our focus on something.

Speaker 2 (47:24):
Could you present to me in a select committee or
at scrutiny week in Parliament numbers that without shadow of
it out go right? The government put an X million
and you as a result of that, got y million
in and you are materially better off minus the money
the government paid for.

Speaker 14 (47:43):
I could, but you'd have to be patient, and you'd
have to prepare to get into some deep economics and
then always be gray areas. So for example, what is
it worth for the reputation of Auckland to be in
someone's mind as a place to visit? So sale GP
seems incredible images around the world which sale GP use

(48:06):
actually well beyond our event and that people look at
that and go awkward, that looks an amazing place. I'm
into sailing and yachting. That's worth That's worth something, but
very hard.

Speaker 2 (48:17):
You can quantify it, you can.

Speaker 14 (48:20):
And bounds, but you know, at the end of the
day people will be skeptical and say, well, it's leaved
to the market. But it wouldn't happen if you just
left it to the market.

Speaker 2 (48:27):
How many events do you reckon then become events or
happen because and they're really not that good, but it
gets that whole community spirit vibe going because the government
are involved. In other words, you do stuff because you've
got the money.

Speaker 14 (48:41):
There's always a risk of that, but that happens in
the private sector as well, you're always taking risks around
things where you can't always be sure, and with public
money there's always going to be a degree of sloppiness
and bureaucracy that creeps into it. I think it's a
question of overall, how does your portfolio of things perform,

(49:02):
and you know what's your overall benefit, And we're pretty
rigorous in measuring that. Some people use really big numbers
around events. We actually use very conservative numbers. We use
a highly regarded film call Fresh Info, who use a
very quantitative method, and we kind of assume some of
the other benefits on top, but don't quantify them. So

(49:23):
we try to be as rigorous as we can because
we think at the end of the day, we've got
to be credible and we've got to have integrity and
be consistent. And yeah, I suppose that's as far as
I can do.

Speaker 2 (49:35):
How much? How much are we doing this simply because
everyone else does, because that's the standard line they use
as well? Are you look at Australia Melbourne does this
all the time as though that's a thing.

Speaker 14 (49:43):
Well, it's true.

Speaker 2 (49:44):
Well, I know it doesn't make it right.

Speaker 14 (49:48):
Well, I think if you were to go and look
at Melbourne and what Jeff Kennett did sold all those
assets and reinvested things like power stations and reinvested into
facilities and transport and importantly major events. So major events
are just we think of it as how you drive
demand and shape demand and the kind of people you

(50:08):
want are when you want them where you want them.
So you know, if you are running a business, you
do have a you do spend money on marketing to
drive your top line results, and a lot of this
is about doing that for cities. And Doc Wayne Brown
is a real skipt because you'd know he's a fiscal
conservative and he's been persuaded. His issue is how do

(50:29):
you where does the funding come from? And he argues
for a bad levy, which is a sound economic argument,
which you know I'd completely support.

Speaker 2 (50:37):
Yeah, that's the weird thing about that. I don't understand
why the government doesn't support it, given that I don't
understand either. So on one hand they're handing out money, but
on the other hand they're not bringing it in an
area they could.

Speaker 9 (50:47):
Well.

Speaker 14 (50:47):
The other thing is the government. More than ninety percent
of public money is raised by the government's bent out
of Wellington, well we're interested in is mechanisms at all
aid to raise money locally, to invest locally through an
industry that helps to grow the industry, and that's what
IVY would do.

Speaker 2 (51:03):
Interesting. Good on you and appreciate it very much, Nick Hill.
That was better than I thought, Actually I was. He's excellent.
They gave me a very good insight. Because I'm on
the fence on this. I fully get that we need events.
Events are great and that whole thing about You know,
someone in the world looks at Auckland or Wellington or
Queens Down and goes wow, I might go there fantastic,

(51:24):
fully get it. But I also see just yet another
government slash fund here, well, the whole sea, I mean,
some of the events they're talking about, iron Man, New
Zealand and Taupo. It's already on. It's it's been on
for years. The fact that suddenly government money turns up
does make any difference unless you argue nix line, which
is you make it a better event or a bigger event,
Golden she is. It's already on, it's been gone for decades.

(51:46):
A Tigo rally in Dunedin as in the motor cars
that's been on as well, you see what I'm saying. So,
I mean, it's just all these events that have already
been on are suddenly on again, but with government money.
So what have we gained out of that?

Speaker 1 (51:58):
Sixting too the Vike asking Breakfast Full Show podcast on iHeartRadio,
Power by the News.

Speaker 9 (52:06):
Talks, it'd be.

Speaker 2 (52:08):
Mike, so have the promoter, like David Higgins makes shed
loads of money out of the event? Does he pay
the government's investment?

Speaker 10 (52:13):
Now?

Speaker 2 (52:13):
Of course he doesn't. But it's and that's what makes
the whole calculation so interesting. Mike, six sixty is the
first concert to open our new stadium? Are you kidding?
Is that the best we could do after everything we've
been through? Second rate lame? Now, that's that's being unfair
to six sixty and Synthhony. I'm told that Synthony is

(52:34):
like seriously successful and popular and they're looking to take
it global if they haven't already. The concept of sitting
and this is no disrespect to David Higgins, because I
love David, but the concept of sitting in a park
watching some people play some musical instruments to the sound
of rock and roll is I'd rather shoot myself. But
lots of people like it and.

Speaker 17 (52:54):
You can't hand it a bit disrespectful and did it?

Speaker 9 (52:57):
No? Well, no, no, I like I mean no.

Speaker 2 (52:59):
Because I like David because he has ideas that work.
I mean, you can't argue this idea doesn't work. It's successful,
it's popular. I mean the fact that I don't like it,
who cares? But and six sixty is another one. I
mean they keep saying that six sixty is this extraordinary
global thing and when you look at the crowds, you
can't argue with it. But you know, I you know,

(53:19):
was what were you wanting? Taylor Swift or Bruce Springsteen?
But here's the problem with christ Urcher. You look at
the stadium. The problem with the Christchurch Stadium not that
there's a huge it's small. It's not a big stadium.
It's not sixty thousand and so the big of the event,
I mean, how many of those days? I mean, if
you get somebody like Taylor Swift, she'd have to have
twenty seven concerts to pay the bill to sell it
out every night. And can I also suggest that there's
such a fressant, a pent up frustration about the Christchurch Stadium?

(53:43):
You could have had me there and I would have
sold out, because you've got to have said, mystery guest.
It would have sold out, wouldn't it. I mean, if
you all you have to do is find thirty seven
thousand people to pay you a few dollars to go
and sell something out, they would have gone.

Speaker 17 (53:55):
They should have put an I care store next to it.

Speaker 2 (53:57):
They should have put I was, why did you do that?

Speaker 17 (54:03):
You were so nearly at boiling point. I thought I'd
just see if I could get that kittle blowing.

Speaker 2 (54:09):
I was going to spend the morning ignoring that, because
all the rest of the lap dogs in the media,
we're going to see and see what you've done.

Speaker 17 (54:17):
Now you need medical assistance.

Speaker 2 (54:21):
Nah, not you horse of the Year got canceled. It's
like somebody yesterday, they said. Honestly, somebody said to me,
it's like some are getting McDonald's, isn't it isn't. It's
just that's how pathetic we become as a nation that
when a shop like Ikea opens. I've got nothing against Ikea,
and you do realize you've been able to buy Ikea
in this country for years. It's so what they're offering

(54:42):
today is no different from yesterday. It's been readily available.
It just doesn't happen to be in an Ikea shop.
But if you look at the media today, it's like
it's like they've discovered time or gravity, or food or water,
or it's just it's too pathetic. For Glenn, it's tend
to waate.

Speaker 1 (55:02):
The Mike Hosking Breakfast with the Defender and use togs
Head be.

Speaker 2 (55:05):
Horse of the Year. Might got canceled because of the funds.
I'm sure they could have used the government money. Yeah,
but see that's part of my argument. And do remember
I do reiterate I'm not actually against this. I think
I'd probably fall in favor of doing it, of supporting
events and growing events. I'm just asking the question around
rigor of expenditure. But you got to ask, if an
event can't last without government money, is the event worth having?

(55:29):
And then you get into the whole discussion around the arts.
And if you look at half the stuff that's made
arts festivals and books and magazines and television programs these days, podcasts,
half the stuff that you hear about is funded by
the government. So you ask yourself the question, if push
came to shove, would the product being made at the
moment actually be listened to or watched or read by

(55:51):
enough people to make it commercially viable. And the answers no.
So therefore you come to the question, Well, is that
the government's job to basically employ people who would be
otherwise un deployable in a pursuit that they may find fascinating,
and yet the rest of the world doesn't.

Speaker 17 (56:05):
Well, people in charge have always been funded the arts.

Speaker 2 (56:09):
That's what I'm saying. I'm not saying asthing different. I'm
just asking the question as to whether or not that's acceptable.
So if you want to support an event, do you
support an orchestra, do you support a ban, do you
support a comp whatever the case may be. Mike Sobrian
is a breath of fresh air. He speaks clearly and
sensibly about fairly complicated employment topics. I hope he gets
to see through the the optimization of the public service.
It's going to be interesting to see how that works.

(56:31):
And I hope he goes and balls and all and
sort of cleans the place out because they miss the
opportunity with the public service. And this is not to
be mean to the public service, and people have lost
their jobs, so that's always difficult. But the problem is
when a government comes along, as in the last one
and balloons the public service, inevitably that party's going to
come to an end, and when it does, it's ugly.

(56:54):
So you might want to ask yourself when taking, you know,
taking on a new job, whether or not that this
is sustainable for the long term. Mike, thanks for an
enjoyable year of listening. I hope you have a delightful break.
John Macbeth, isn't that lovely? John Macbeth? You know the name,
do you know? I claim it's funny. I was thinking
about John the other day. I claim to have invented

(57:17):
John macbeth and Keith Quinn and this is going to
be in my book. So when I was at Morning
Report years ago at Radio New Zealand, there was a
test coming up on the Saturday, and I said to
them producers, of which they're about three hundred, I said
to them through a loud speaker, because this rumor so large,
there were so many.

Speaker 17 (57:34):
Of them, I've assembled you all today exactly, and there's
airport hangar exactly.

Speaker 2 (57:38):
I said to them, I said, let's do something about
the rugby tomorrow. On the Friday morning, Friday edition of
Morning Report and they went what for. I said, you know, well,
we'll talk about the sport and they said why. I said,
because it's quite a big deal in New Zealand. The
all black people are interested. And they looked at me
and they said are they I said yes they are.
And they said, who would you recommend that we get?
And I said, get some well known people in sport,

(57:59):
get some people who know about rugby. Let's get a
couple of them on. We'll have a chit chat about
some rugby. And they said, well, who would you recommend
because we don't know any sportspeople and I said, well,
of course you don't. And I said, what about that
John McBeth guy, he's funny, and we'll getters makee Keith
quinn on And so Quinna macbeth turned up on Morning
Report as a combo and they were fantastic talent and
everybody it was like the lights went on. It's like

(58:21):
in Aqia came to town and they went, oh my god,
that was moderately entertaining. Do you think we could do
that again? I said, I'll tell you what we'll do.
We'll do it ahead of the next test, shall we?
And there's three of them, so we can do it
three times. And it was like a revolutionized Morning Report
that John macbeth and Keith Quinn. Now, John might be
listening to that story and going, what a pile of crap.
But that's the way I remember it, and that's the

(58:42):
way it's going to be in the book unless the
lawyers get on to me between now and then News
for You in a couple of moments, then a couple
of movie stars for.

Speaker 1 (58:50):
You asking the questions others won't the mic asking, Breakfast
with Veda, Retirement, Communities, Life your Way, News, Togs, dead Be,
There was.

Speaker 2 (59:05):
Radio sitting last night. There's Hugh Jackman, Kate Hudson new
movie for Neil Diamon fans. Obviously. They star as Mike
and Claire Sedina who are Lightning and Thunder, a group
Lightning and Thunder. It's a duo Neil Diamond tribute act.
Get some attention in Milwaukee now. The movie itself is

(59:27):
based on the documentary of the couple. It was called
Song Sung Glue that came out in two thousand and eight.
It's a story of hope amidst a tragic love story
generating Oscar BUZ and d four Hudson herself and her role. Anyway,
Hugh Jackman, Kate Hudson are with us. Good morning, good
morning morning.

Speaker 8 (59:41):
Mate.

Speaker 2 (59:41):
Now correct me if I'm wrong, Kate. You two didn't
know each other before this project.

Speaker 20 (59:46):
Not really. We had met a couple of times, but
we had we didn't really know each other now.

Speaker 2 (59:52):
So having said that, what's the creative risk you reckon
of putting two people together in these roles that you
two have if you don't know each other reading.

Speaker 20 (01:00:00):
Will I will let you answer this because I said
it to Hugh.

Speaker 9 (01:00:05):
Yeah.

Speaker 13 (01:00:05):
On day one, Kate said to me, you know, if
we don't work, this movie doesn't work.

Speaker 1 (01:00:10):
And she was right.

Speaker 13 (01:00:13):
But I had a lot of confidence because it was
it was Michelle, my friend, who said, are you watching
CBS Sunday And I said, Kate Hudson has done an
album and there's a great story about her and she
should play Claire.

Speaker 11 (01:00:27):
And I turned on.

Speaker 13 (01:00:28):
It was like as soon as she said, I was
like yeah. And then I turned it on and I
watched it. I'm like I could just see it and
I'd met, we'd actually met, We've done like a reading
of something, so we'd met a little bit along the way,
but I had a sense. So I had a strong
sense that it was going to be great, but I
didn't know it was going to be this great or
this easy, Mike, if I'm honest.

Speaker 2 (01:00:46):
So Kate, when it clicked for you, I mean basically,
how did you know? Was it instant?

Speaker 20 (01:00:51):
I mean yes, But I have to say I mean,
I don't mean to I don't want this to sound reductive,
because it wasn't. But when we kissed, I have to
say we it was It's like we've we've been kissing
each other for years. It was the easiest kiss and
kissing the whole it was like it was like he

(01:01:13):
was my husband. But I think part of that started
when we, you know, started to get to know each other.
My thing with him, which was really important to me.
It's like, you know, we have to I also wanted Hugh.
I didn't know Hugh, so I was like, I'm very
tactile and I want to get to know you and
if I ever weared you out, you know, just let

(01:01:34):
me know. Found out very that we're very similar, connective
people and very open. We found each other really really
like transitional time in our lives. Spiritually, and I think
it just opened us up to each other. And it
was like, I know this sounds silly a little bit,
but it's like the universe just sort of put us

(01:01:56):
exactly where we were supposed to be, and we felt
that immediately.

Speaker 13 (01:02:02):
We said, although I might just remind you of that,
we were doing a scene and start to snow. It
was freezing and it wasn't snowing on the white shot
or on my close up, and then it start to snow,
so we went, we filmed it so beautiful, and we
went back and shot my side. So we're out in
the cold quite a long time, and you know when
you get cold and your nose starts to run. So

(01:02:22):
I just remember after one of the kisses, this was
Kate's face, all right, was my nose running and go.
And we had three more takes.

Speaker 20 (01:02:34):
You like, you'll never look at me to say them again,
and I went, you're.

Speaker 13 (01:02:38):
Right when you're going here for a kiss and it's
on camera, but the woman's doing this doesn't do a
lot of your confidence, mikeh.

Speaker 2 (01:02:47):
Somebody I read a review suggested this could well be
your most ambitious role. Yet do you see it that way?

Speaker 13 (01:02:54):
In many ways, I do I think it combines a
lot of different things that I do, but in many
ways it was asking things of me that I hadn't
done before, and so it was suited to me. I
don't know about UK, if you feel the same. I always
want to feel a little bit of I don't know
if I can pull this off. Like it's not like
I want something like I go, ah, I know exactly

(01:03:16):
how to do this. I want to dive into unknown
waters a little bit. And I think what's different about
me now is I'm more comfortable with not knowing how
it's going to turn out each scene, each day with
the movie and going on with that ride. And then
that's for me. Back to your question, when did I know?
It was when I could communicate being vulnerable, I'm not

(01:03:39):
sure if I don't know how to do this, and
I could say it with my acting partner, with my
on you know, it was my colleague, and I could
just say the thing that I would normally have kept
to myself.

Speaker 2 (01:03:51):
And ambitious for you two, Kate, oh, always.

Speaker 20 (01:03:54):
I mean it's like it's like saying It's like saying
to a ballplayer, like do you want to play in
the major leagues or not? You know, know, you dedicate
your whole life to something, what are the things and
who do you want to be playing with? And what
are the things you you know, it's like, no, I want,
I want the nineties, I want the ninety six mile power,
you know, fastball. It's scary, but I want, I want,

(01:04:18):
I want in it. And uh and I think that's
what always it gets exciting about these things. And for me,
I those opportunities don't come often, and and and and
and to be honest, they don't make movies like this
very often. So I'm so grateful and and and work.
I love hard work, and I like work that gives

(01:04:41):
me a little of the you know, the uh, the
the you know, the butterflies, and and and then my
and then you know, and and then also it's like
then when you're in it and you're you're sort of
you know, leaning in, you're just the commitment to it

(01:05:03):
and sort of like having to let go and being
uninhibited is a very liberating feeling. And so yeah, yeah,
definitely enjoy the ambition and the fears and you know,
the butterflies and all that.

Speaker 2 (01:05:16):
Okay, listen, hold on the Kate Hudson, Hugh Jackman more
in a Moment thirteen Past the.

Speaker 1 (01:05:20):
Mic Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks.

Speaker 2 (01:05:26):
It be News Talks sixteen Past as Hugh Jackman Kate
Hudson with the song sung Blue as the movie Hugh,
the line about the movies before the break was interesting.
So so I look at you, mister Wolverine, you know,
and I think to myself, that's modern movie making, isn't
it that sort of big picture, big budget whatever. But
what you've done here, I guess, is almost like movies

(01:05:47):
of the olden days.

Speaker 13 (01:05:49):
Yeah, you know, it does feel like that. And both
Kate and I have been a screening with some people
I don't name them without their permission, but people big
wigs in our business, and they're like, these were the movie,
this is the movies we need, These are the movies
we used to make all the time. This is this
And it does have that feeling, and it's funny. There
is a line in the movie about nostalgia. There is

(01:06:10):
something nostalgic about it. It's an everyday couple, it's about
some battler's you know, and seems like an ordinary story,
but it's actually so extraordinary within that, and I have
to tell you, like everybody turned the movie down thirteen
thirteen knows straight off, no way, Yeah, thirteen out of thirteen. Actually,
our producer, John Davis has done one hundred and seventeen movies.

(01:06:34):
This is his number one one seven And he called
in a favor. He just rang Peter Cramer from Universe
and said, you need to do me. Foguz, what is it, Johnny,
guess you're going to make this movie? And he goes,
haven't read it, guess just say yes, and he goes, okay,
And that's how.

Speaker 9 (01:06:46):
The movie made.

Speaker 2 (01:06:47):
Unreal Kate, Kate, does it fit to seduce? I mean,
if you look at so this the movie is the
movie of the documentary. The documentary is of real life.
If you had just simply written the plot with the
details on a piece of paper, there's no way you
could have gone to pass the studios there.

Speaker 20 (01:07:02):
Yeah, you can't write it, Like what are you doing?
Let's said, this can't be real, Like you know you
gotta let's let's let's edit. Yeah, and and then and
and boy is it real every every step of the way.
I mean, what a wild, fascinating, crazy life. Mike and

(01:07:26):
Claire lived and even the whole the line. You know,
lightning can strike twice, you know, it's that the fact
that they lived through all of that is just pretty
remarkable and makes for a great story.

Speaker 4 (01:07:43):
You know.

Speaker 20 (01:07:44):
And and I think that Craig honored that them so
wonderfully by by walking such a great line of never
getting too far down that you can't get out. And
there's just he walks this sort of like line of
inspiration throughout the whole movie. And I think, you know,

(01:08:07):
the one, the one thing. And I know he's watching,
but like if Mike could see this movie, I mean
it would just I feel like I can see his
face watching.

Speaker 17 (01:08:18):
Its not any bad.

Speaker 13 (01:08:20):
I have a weed feeling. This is my feeling that
Mike the reason the movie is happening. He's Mike. Yeah,
like that determination, Like they never say no. I don't
care if they any studios have turned it down. This
movie's happening, and it's happened. It's sort of his.

Speaker 20 (01:08:38):
Dedication, his dedication to his music, his art, to Neil,
to Claire, to the kids, taking taking on those kids.
You know, it's like he's so he he was so dedicated.
So yeah, that's the I agree with you It's like
this idea that he is the reason why there's movie

(01:09:00):
happened would make a lot of sense.

Speaker 13 (01:09:03):
I just remember, I just remembered, Mike. I haven't shown
anyone this, but Claire Claire said. Claire gave me this
on the last dating and that's my actual hat from
when he went to see Neil Diamond.

Speaker 2 (01:09:17):
That's incredible. Well, I'll tell you what. From what I'm reading,
we've got some Oscar buzz about this as well. So
so thank you too for joining us. Good to catch
up and good luck with it all. Thanks mine, mate,
Kate Hudson, Hugh Jackman. That was as you probably heard
on zoom. So we'll whack that up on the old
Where do we wak that up on the ZIBBI, on
the on the Facebook, on the website, on the social

(01:09:39):
media stuff that's out there, that'll be bad if you're
under sixteen, don't watch it. Oh that's Australia eight twenty one.

Speaker 1 (01:09:48):
The Mike Husking Breakfast with Bailey's Real Estate News Talk zibby.

Speaker 2 (01:09:53):
Now, did you know approximately one hundred and eighty thousand
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using the code breakfast, of course online at about health

(01:10:57):
dot co dot Nz on the phone at eight hundred
triple nine three h nine asking this is good, Mike.
Your interviews are always informative and good, but I think
the Hudson Jackman won is the best ever. Thank you
very much, Lindsey closely followed by slowly losing the will
to live during this interview. Mat It's probably with a
large audience. Someone loves it, someone hates it.

Speaker 13 (01:11:16):
Mike.

Speaker 2 (01:11:16):
I was privileged to see Song Sung Blue yesterday as
part of a special screening. It's a stunning film. It's
like going to a Neil Diamond concert with Twist and Sam.
You're in C tune. So you saw it, Kerry here,
there's nine to noon. Kerry, she saw it yesterday. She cried.
She said she.

Speaker 17 (01:11:33):
Seems to emotionally worked out today.

Speaker 2 (01:11:35):
I think she's emotionally generally said. She made the mistake
of saying I cried, but everyone cried. I don't think
everyone cried. I think she's the only crist She's just
to cry.

Speaker 17 (01:11:42):
It is hard to see with tears in your eyes.

Speaker 2 (01:11:44):
There's nothing wrong with being a crier. I'm just saying that. Yeah, Mike,
high again, very cool story. It's just before eight o'clock.
My version is that Quinn McBeth first joined you on
TV and said Breakfast correct On was not correct, John,
I'm afraid you can read it all about it in
my book. It's over. That's libelous. You can't put stuff

(01:12:07):
in a book, John, it's not true. In fact, I'm
going to put it in my book in different stories books.

Speaker 17 (01:12:14):
If it's in the fiction section rather than the nonfiction section.
Are you allowed to do it?

Speaker 11 (01:12:18):
Then?

Speaker 2 (01:12:18):
I reckon? I reckon. My book's going to be fiction,
and you're just going it's like the show. A lot
of this stuff's made up. I don't know if you
realize it, but a lot of the stuff on the
show's made up. And the trick for you is to
work out how much of what I've just seen is
real and how much of it's not real?

Speaker 17 (01:12:32):
Is it inspired by true events? Perhaps exactly?

Speaker 4 (01:12:35):
Yeah?

Speaker 2 (01:12:35):
Is there a little bit of poetic license? And pretty
much everything I do. I started with the time when
I started telling the time wrong and you were going,
hold on, is that right? Time? You just never know.
The OBR thing in Britain continues this to the fallout
from the budget, the Office of Budget Responsibility, the fall guy,
in other words, for Rachel Reeves, who needed to escape
goat as quickly as she possibly could, so he fell
on his swords and the latest is Faragees told as

(01:12:57):
people that a well he's calling it a reverse takeover,
but he's saying a deal is going to be done
before the next election between Reform and the Tories, which
would make them quite the force I would imagine, So
Rod little out of Britain next.

Speaker 1 (01:13:23):
Opinionated, informed, unapologetic, the Mic Hosking Breakfast with the Defender
embraced the impossible news talks that'd be.

Speaker 2 (01:13:32):
Do you forgive me because I'm just literally reading this
on the fly, It's just been handed to me. It's
a Fonterra update for Q one to total group profit
after text two to seventy eight million, which is up
fifteen million. Continuing operations profit after text one fifty eight million,
which is down ten. Forecast earnings for continued operation forty
five to sixty five. That's the dividend that the shareholders slash.

(01:13:55):
Farmers get milk price nine to ten now midpoint of
nine fifty, and you've got to wonder how long that's
going to hold for unless those those dairy auctions turn around.
Our total group profit after tacks up fifteen million dollars
is the equivalent to seventeen cents per share continuing operations
delivering a profit. We maintain our full year earnings range.

(01:14:17):
Farmer shaholders voted to approve the divestment of the Yeah,
that's the leactalist thing, et cetera, et cetera. So that's
those are the numbers as they present themselves. I just
wonder the big question for us all. I suppose farmers specifically,
bit us all generally has dairy come off the boil
a bit in coming off the boil? How long does
it stay off the boil? Is it going to reboil?

(01:14:38):
Or are we enforce some slightly less frothy times? Twenty
two minutes away from.

Speaker 1 (01:14:44):
Nine international correspondence with ends and eye insurance. Peace of
mind for New Zealand business Britain.

Speaker 2 (01:14:50):
Now, very good preend right, little morning mate, A good
ball mate.

Speaker 11 (01:14:54):
How are you doing?

Speaker 2 (01:14:54):
We played done well. We played a little clip out
of I assume it was PMQ's or it was a
bit of back and forward in the house early on,
and I thought this fallout from the budget, just when
do you reckon it stops? Because kimmy bednot sounds like
she's having the time of her life.

Speaker 11 (01:15:10):
She is, and she's come into her own. I had
a quick chat with her over the weekend and she
was far more bulliant, far more on the front foot
than I've heard her for a very very long time.
And she clearly did very well in Prime Minister's questions
last week where she ridiculed the Chancellor for climbing into

(01:15:31):
a hole who designed by misogyny. And the answer to
your first question is, I don't think it does stop,
because that continues to be problems about what was leaked,
when was it leaked, and who leaked it and to
whose benefit was it leaked? About the budget, but then

(01:15:54):
after that you get all the questions about what this
budget is going to do. So I don't think this
is going to go away anytime soon at all. And
I still think that Reeves is in some danger. That
Rachel Reeves is in some danger from both the investigations,
one of which she's ordered, but also you know, just

(01:16:16):
the probing from newspapers and from the opposition parties. I
think there is still some danger there for her.

Speaker 2 (01:16:23):
The bloke who fell on his sword from the OBR,
how much of that's incompetence. How much of that's fall guy?

Speaker 11 (01:16:33):
I think probably the OBR made a mistake, and I
think he felt it was needed for him to resign.
But now you know, the guns are being turned. So
the guns were first turned from the Chance of onto
the Office for Budget Responsibility, with whom she's meant to

(01:16:53):
have a kind of cordial relationship, you know, And now
it's being turned on her own peace people within the
Treasury who may have leaked something else. And there are
so few people left to whom Rachel Reeves can complain
that debt blame for whatever problems arose as a consequence
of the budget.

Speaker 2 (01:17:13):
Rod, just hold on for people who missed it. This
was bed Knock earlier.

Speaker 7 (01:17:16):
Let me read to him what his own cabinet members
are saying, and I quote the handling of this budget
has been a disaster from starts to finish.

Speaker 20 (01:17:26):
That was it him?

Speaker 7 (01:17:29):
Was it her?

Speaker 1 (01:17:31):
In fact?

Speaker 7 (01:17:31):
I think it was probably her.

Speaker 2 (01:17:32):
Actually, See that's a woman with confidence, isn't it?

Speaker 11 (01:17:38):
It is it is And for the first time for
a long time, you know, it's been the last two
weeks at basing Knock's really got her house in order
and is really going for the jocular, and it's on
a subject which she knows a bit about. She's she's
quite competent financially.

Speaker 9 (01:17:55):
But also.

Speaker 11 (01:17:57):
You know that the criticisms are coming from the labor left,
coming from the labor center, they're coming from within the
government's own kind of Starmerrist appointments himself. It isn't going
to stop. And the crucial thing is that, of course,
as we know, and we talked about last week, but

(01:18:18):
it did nothing whatsoever to increase the possibility that our
economy might grow a bit. So as that flat lines,
you know, the questions become head of more urgent. I
think I think she's still in an awful run.

Speaker 2 (01:18:33):
Of trouble, right, So tell me read the Tories and
bad Knock. Does bid Knock survive with a merger with reform?
Is there a merger with reform? Where does Faraji end up?
And given reforms current polling, are they the bigger player
and the merger?

Speaker 11 (01:18:50):
Well, it's interesting, isn't it. In a sense, they are
the bigger player because they have twenty nine percent in
the polls as the latest poll out today, and easily
the highest party. But of course the Conservatives are the
members of Parliament and the background and the history. I
think that as time goes on, we're beginning to hear

(01:19:10):
more and more now about an alliance between the Conservative
Party and Reform. As Conservatives, the Conservative Party fails to
re establish itself as the main voice of opposition, but
can be Badeno does a pretty good job of attacking
the opposition, attacking the government. Then it all makes it
slightly more likely that there would be some sort of

(01:19:31):
alliance between them and Reform. And an alliance between them
and Reform would win an election easily, very very easily. Indeed,
they would get all the votes in the southeast, which
would normally go to the Tories, and all the Northern
rule seats which would go to Reform. The question hitherto
has always been would Reform go for it? But Reform
cannot get above thirty or percent in the polls. It

(01:19:54):
just cannot break that barrier. It did so once and
then dropped back down to third. Given that, and then
it needs about thirty three thirty four percent to win
an election, then some sort of pact, either unofficial or official,
looks likely.

Speaker 2 (01:20:14):
I take it they would, because you've got to first
pass the post system. They would arrange your seat. So
in other words, you wouldn't have two people going banging
heads splitting the vote. That's right, And so the next
question is does that happen now? Does it happen often?
And if you did it on a bulk deal, would
people be alarmed?

Speaker 11 (01:20:33):
Yeah? I don't thin if people will be alarmed. It
does happen now. It doesn't happen that often, largely because
people can't get get their arrangements in place in time
when there's a by election. But it has happened, sure.
You know, the party I'm a member of the Social
Democratic Party had an alliance with Reform at the last
election and they didn't contest the since we were standing

(01:20:56):
in which we thought were important and vice versa. It
can't be done. Of course, it's much more higher stakes
when we're talking about the tourism reform now, and it
remains to be seeing what kind of stink will be
kicked up by those conservative candidates who are suddenly told now,
we're really not going to put anything into this fight.
You know, we'd rather you actually stood down because that

(01:21:20):
will be difficult. But nonetheless, the attractions are there because
it is the past to number ten.

Speaker 2 (01:21:28):
Always a pleasure, my friend, go well Rod little out
of Britain for you already eight forty five the.

Speaker 1 (01:21:34):
Like asking Breakfast full show podcast on I have radio
powered by news Talks.

Speaker 2 (01:21:38):
It be now another great head from Nibble and the
buyo plenty right. This one really shows the difference that
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on your motorbike and you shouldn't wear them among the lawn.
And Nevill thought, we'll hold on, how am I supposed
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So he returned them, gave them back, but then he

(01:21:59):
saw an ad for Rison health, and once he dealt
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and if he has any issues, he just jumps on
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(01:22:22):
and that's what good hearing does. It gives you your
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they're on the phone at eight hundred and seven three
seven six six two tasking a lot of things out
of Britain. Just before we leave it. One hundred million
pounds for the COVID inquiry thus far. This is on

(01:22:44):
top of the one ninety two. So let's call out
three hundred million pounds, fifty percent more than previously thought
and it's still far from over. This is legal advice.
Staffing costs has a bit a bit of a to
do with the government. The claim is that at times
there are being hostile and difficult and blocking the release
of information, delivering documents late. It's been going now for
three years, got underway in twenty twenty two. Final report

(01:23:07):
isn't expected till twenty twenty seven, so at least if
you compare it to ours, our second part is due
in early next year twenty six, so a year ahead
of it. Took. In total, there were ten separate investigations
so far only two, which is one that's looked at
the pandemic preparedness and the other one looking at government
decision making, have been completed two of ten and we're

(01:23:29):
already running at three hundred million pounds. The other thing
of notes in Britain at the moment is the police
are considering corporate manslaughter over this post office scandal. So
this is the National Police Chiefs Council investigation currently focused
on eight suspects, five interviews conducted under caution. There are
in our fifty three persons of interest, most of whom
are likely to be raised to suspects status at a

(01:23:50):
later stage, and the investigation continued to focus on offenses
of perjury in perverting the course of justice, also considering
charges of corporate manslaughter. So there's got a lot of
water to go under that particular bridge. Ten away from nine.

Speaker 1 (01:24:06):
For the mic asking Breakfast with a Vida Retirement Communities
News togs Head been now.

Speaker 2 (01:24:12):
The good news is the whole bunch of New World
Shop is surprised at the moment, which is nice because
it's that time of the year to earn well. They've
got a whole lot of New World dollars, and they've
got those dollars just from weekly shopping. According to New World,
there are heaps of New World dollars out there at
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And if you don't know what your New World dollar

(01:24:33):
balance is worth checking out, obviously a very nice surprise
waiting for you. One New World dollar, by the way,
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spend those New World dollars after all. And how do
you earn the New World dollars will super simple. You

(01:24:54):
win them by using your club card when you shop
in store or online or even through the app. And
it's all with you will Hosking Mike's IV fifteen year
old New Zealander goes it was allowed on Facebook in
this country of course, goes on holiday to Australia? Are
they allowed on Facebook? They joined Facebook legal. I'm assuming
so I see these are the I mean that's a
that's a you know, you're pulling a fairly long bow

(01:25:14):
on that one. But it's one of the many, many,
many technical ish type questions that the Australian government have
failed to answer. Sex Away from.

Speaker 1 (01:25:22):
Nine trending now with Warehouse the Real House of Fregrancs.

Speaker 2 (01:25:28):
Google searchers for New Zealand? What did we search up
on Google this year? Top searchers overall? Iran was number nine?
Does that surprising surprises me? All Blacks v France was
number six. CEO on the jumbo tron That means nothing

(01:25:48):
to me.

Speaker 11 (01:25:49):
Yes, come on.

Speaker 17 (01:25:51):
The ceo who kissed the.

Speaker 2 (01:25:54):
Resource told play sorry, you're right. Osteoporosis pre what's that about?
That is the third most searched search in Google this year.
Osteoporosis pregnant. Charlie Kirk number one. As far as key
is concerned, who were we looking for this year? Liam Lawson?

(01:26:17):
That doesn't surprise me. He was fourth. Joseph Parker was
number one. I think that probably happened reasonably lately. Stuart
Nash was number ten for odd Stewie Lord.

Speaker 17 (01:26:29):
I think that was just mostly Stuart googling himself.

Speaker 2 (01:26:32):
Could have been people we looked up, most the Pope honestly,
what for?

Speaker 17 (01:26:40):
Oh he was new?

Speaker 13 (01:26:41):
Oh?

Speaker 2 (01:26:41):
I suppose Sir Luke Colmes, Jimmy Kemmel when he got sacked,
presumably Prince Andrew when he ran into his problems. Knows.
Poor old Fergie has been booted out of the house
and she don't nowhere to go. Andrew's going down the road,
but she's out. She didn't know what the top six
things we Treaty Principles bill submission was number six. But angsty,

(01:27:07):
isn't it? Cyclone tam thunderstorm warning, tsunami warning, rainfall warning,
wind warning.

Speaker 17 (01:27:16):
So that's why we do weird to pullcasts on this show.

Speaker 2 (01:27:18):
Come on, Yew Zealand, let's make twenty six something better.
Number one in the need help department, make butter.

Speaker 17 (01:27:26):
That's all your tad wives out there what.

Speaker 2 (01:27:28):
It is, although you don't need to anymore. What a
waste of a request that was? Ah, have you seen
the price of butter? So cheap? Right now? What went viral?
We'll do by chocolate. Sam started that as he started
driving out to Tacaninni and his GDR to deal with
Janice and Takanini over the do buy chocolate? Everyone went, oh,
hang on, what's Sam and to has he got some doing?

(01:27:48):
What's going on out there? In Tacanini Barbie AI trend
and start a pac trend which is similar to the
Barbie doll with accessories start up. I don't even know
what he knew.

Speaker 9 (01:28:02):
That means.

Speaker 2 (01:28:05):
Back tomorrow morning from six have a lovely day and
do you have happy days?

Speaker 3 (01:28:11):
Happy questions everybody?

Speaker 1 (01:28:17):
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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