Full Show Podcast: 04 September 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
New Zealand's home for trusted news and views. The Mike
Hosking breakfasts with Rainthrover, leading by example, news Togs Dead
b Olly, You're welcome.

Speaker 2 (00:09):
Good news on teachers. Enrollments are booming. We've picked a
ferry company for the unter Islanders. Garage Project be a
have save Fortune Favors. Dave Ferguson you'll like and he's
a Kiwi. He's at the cutting edge of robotic driving
in San Francisco. He's with US. Katherine Field as the
EU and Roder Liddle does Great Britain.

Speaker 1 (00:25):
For US Coscy.

Speaker 2 (00:27):
Welcome to Thursday seven past six. Very good news for
Fortune Favors. If you missed this, the Beer News Garage
Project has come to the rescue Fortune Favors. Well known
beer maker fell over last week. Prices up, sales down,
economy tight, jobs lost. It's the old hospo or retail
story or is it? I mean, how much of the
story behind the headline is about the actual business. This
is my increasing fascination at the moment. How can Garage

(00:48):
Project make something that wasn't working work. They've got the
same costs, same beer, same punters. Ben Bailey and the
studio just a couple of days ago, expanding. How can
you expand in hospit for goodness sake? Well he can,
he does. He's bullish, he argues, you do it right,
you will succeed. I believe them. How can you not
look at his record? Garage Project ironically a linked to
Bailey and his new Wellington Pavilion business opening in Oriental

(01:09):
Parade next year. Are there awkward questions around fortune favors?
I mean, is it not the industry but the specifics
of the operation at player? I mean, were they not
to put too fine a point on it? Simply not
good enough? How come Smith's cities in trouble but other
furniture players aren't. Is it a niche in the market?
Is it location? Is at debt? Is its service? Is
it top down leadership? Is it luck? Is it all

(01:29):
of those things? Will Garage Project use their bank balance
simply to tread water until better days arrived? Is that
how the government's thirty million dollar loan program to regional
airlines work. Keep the wolf from the door until the
growth returns, and then the rising tide basically lifts everybody.
Did Garage Project see an opportunity? Or is this ultruism.
They simply want to save some beer and a brand.
How much risk is involved? These, to me are fascinating questions.

(01:52):
There's no doubt we're at the bottom of this business cycle,
this economic cycle, and what an ugly cycle it's been,
and through it many have not survived, of course, But
how much of it was ever about the economy versus
how much of it was about wrong place, wrong time,
bad practice, lack of expertise. Obviously we love an entrepreneur
and we wish everyone well, but success is clearly about

(02:14):
more than a nice idea and self employment. Maybe risk
and startups are really about some pretty exceptional people who,
if you can survive what we've gone through, need a
lot more recognition than they get.

Speaker 1 (02:27):
News of the world in ninety seconds begin.

Speaker 2 (02:29):
At the White House, where we have witnessed another yellow
Chair's day and a flyover the guests the Polish President.
It was a missing man fly of the formation by
the way to honor a Polish pilot killed recently.

Speaker 1 (02:39):
He dated he lost to child burd So it was
a great.

Speaker 3 (02:46):
Drudged who was a legend in Poland, actually a legend
as a pilot. He was an incredible pilot, and I
think he went to the Air Force Academy.

Speaker 2 (02:55):
Actually there was It's like he was his best friend.
There was interest, of course, in what the Trumps to
thought of yesterday.

Speaker 3 (03:03):
I thought it was a beautiful ceremony. I thought it
was very, very impressive. But I understood the reason they
were doing it, and they were hoping. I was watching,
and I was watching. My relationship with all of them
is very good. We're going to find out how good
it is over the next.

Speaker 4 (03:16):
Week or two.

Speaker 2 (03:17):
Related matters. Caul of Epstein Papers also dropped. Trump calls
them an abstraction, but some of the Epstein accusers, of course,
don't see it that way.

Speaker 5 (03:24):
We are not going away, we are not going to
be quiet, and we are not going to give up.
And I ask the American public to stand with us and.

Speaker 6 (03:32):
Not give up.

Speaker 2 (03:33):
And then in Britain, wells turned very bad overnight for
three pairs. Rahna Angela has admitted she didn't pay that tax,
the right tax on the houses, which makes it a
hypocrite of course, and the knives are out.

Speaker 7 (03:42):
I remember when the Prime Minister said the tax evasion
is a criminal offense and should be.

Speaker 8 (03:47):
Treated as all other fraud if.

Speaker 7 (03:48):
He had a backbone, he would suck her.

Speaker 2 (03:52):
That's the Tories reformer on that bandwagon.

Speaker 9 (03:54):
She was so vocal in attacking opposing politicians when she
was in opposition.

Speaker 2 (04:00):
But she can't stand up.

Speaker 9 (04:02):
And say I'm the biggest typocrite in the land. She
has to offer her resignation to the Prime Minister.

Speaker 2 (04:06):
As for Old Ange, it's complicated.

Speaker 10 (04:09):
Apparently, when I'm looking after the children, I go back
to the family home, and then when my ex husband
is looking after the children he does. And it was
done primarily to support my son with his additional needs
and to provide stability for them during the divorce.

Speaker 2 (04:24):
We will be going to rod later. Of course. Finally,
watch the scope here shaped FIFA I have announced that
the World Cup tickets will be sold for the first
time using dynamic pricing. In a nutshell, prices are linked
to demand. Of course, anyone who's been in a que
at ticket laster at two in the morning, New Zealand
time for a river make entire continent medicines where Garden
knows how this works, but I dug this. Currently, the
cheapest tickets for anyone game will be one hundred and

(04:45):
two dollars. The most expensive of the final will start
start at eleven thousand, four hundred, So good luck. Maybe
try a be a go go. They should be able
to help it. Asks of the World and ninety seconds
Australian GDP jealous and good News jealous because they're better
than we are in good News because they're a trading partner.
But Andrew will be the numbers in a moment, not
just Rainer, but Reeves has got eight. If you're following

(05:07):
the bond market, if you're not following the bond market,
start following the bond market. The UK's a basket case,
the whole world's basket case, but the UK's of particular
basket case. Japan overnights proved to be a problem. How
does Reeves balance all of this up? She's announced to
autumn budget date November twenty six. I suspect shall be
dreading it twelve past six.

Speaker 1 (05:29):
The Mic Asking Breakfast Full Show podcast on iHeartRadio Power
by News Talk Zippy.

Speaker 2 (05:37):
It's turn Pear Shape and Thailand. Mind you, it was
always going to so Shinawatra got thrown out over the
weekend by the courts. The bloke who's been running the
place since then, so it's only been a couple of days.
He submitted a petition yesterday to dissolve parliament because the
opposition back to rival candidates, so they send that off
to the Royals. The Royals will either tick that off
and then it's all on I assume. So what's the
space fifteen past six from JUA while Pandrew Keller have

(05:58):
good morning, very good morning. Make so better than they thought?

Speaker 11 (06:02):
Ah yeah, yeah. So we have been spending a little
bit of time looking across the TASM this week, and
I think yesterday delivered good news. I mean, it's one
of our largest trading partners as being Australia of course,
and they just reported better than expected growth in the
June quarter. So June quarter growth is printed at zero
point six percent quarter on quarter. Annually they're at one
point eight percent. Market expectations were setting a tad lower

(06:27):
zero point five percent for the quarter, but there were
plenty of pundits around zero point four and the year
on year expectations at one point six. So it's a
definite beat. And I was supposed to put this into
a little bit of context here, Mike. There was a
do you remember all the hand ringing earlier this year
when growth for the first quarter was reported at zero
point two percent, it was revised up yes day to

(06:47):
zero point three percent. And one thing the Aussies have
been very good at over the last few decades is
avoiding recessions, and zero point two percent was just too
close to zero for comfort. So they've got a long
record of robust growth growth. That six percent and one
point eight for the year is still below their historic trend,
but look, some aspects of the result are encouraging. So

(07:09):
the lifting growth was assisted, You could even say it
was driven by a zero put nine percent quart from
quarter increase in household consumption, and that was the surprise
for many of the Australian economists. And the other feature
that I think we've talked about Mike quite a bit
is the role of central governments in Australia. The government
has taken quite a different stance from the government here.
They've been spending now that impulse is now sort of

(07:31):
some evidence that impulse is now diminishing now. Some of
the lifting household spending can be attributed to highest spending
on discretionary services. And there was a little there was
a little I suppose there was a little not a glitch,
a little anomaly this year, and that the Easter and
the Anzac Day holidays were very close together this year,
so people went on a holiday and they made the
holidays longer because they could whack the two of them together.

(07:53):
So you get extra spending on hospitality accommodation. So all
in all, you've got a firmer picture of the Australians.
You've got evidence of a private sector recovery. I think
that's recovering a little bit of a warning flag around
private investment.

Speaker 12 (08:07):
That was quite flat.

Speaker 11 (08:08):
It certainly didn't help the Aussie share market yesterday Mike
though the a Sex two hundred and found one point
eight percent. That's a big fall. That's the biggest since April.
And that they've got quite a few interest rate sensitive
stops over there so you get better growth. It brings
into question some of those rate cuts and their tech
sector under a bit of pressure yes day zero actually
down six point two percent.

Speaker 2 (08:27):
All right, good stuff. Now tell me about gold is
are we just freaking out? Is it all?

Speaker 6 (08:32):
That is?

Speaker 2 (08:32):
The flight on?

Speaker 11 (08:34):
Well, look it's a bit of a I suppose it's
a bit of investment one oh one. This morning, we've
been talking about gold heading all time highs. That's done
that again overnight, three thousand, five hundred and seventy one
dollars the last time US dollars the last time I
looked at it. Now, just to put this into context
as well, gold is now at close to thirty percent
so far this year, and over forty three percent over

(08:55):
the last twelve months.

Speaker 2 (08:56):
They're very substantial lift.

Speaker 11 (08:57):
And now you often hear gold referred to as this
sort of haven asset, which means that when investors get
worried about well, the whole range of things, they look
towards gold. And there are a range of issues at
the moment, and one of the things is we have
this possibility of a lower US FED funds rate. Now,
when you get when you get lower interest rates, it
reduces the funding cost of holding gold, or looking at

(09:20):
another way, it reduces the opportunity cost because gold doesn't
give you any income. I mean, if you own it, it
just sits there and if you've got to store it
even costs you money. So lower interest rates actually makes
that less of a problem. There's also other safe haven
fears coming from a whole range of different perceptions. You
just refer to global bond markets. They're being rattled by
prospects of rapidly rising fiscal deficits.

Speaker 2 (09:42):
To think of the US and.

Speaker 11 (09:43):
The UK, that gets people worried share market valuations, Mike.
If I look at the US, they're getting a little
bit frothy, and we can't go past that ever present
the prevalent geopolitical risk. So there's lots of things there.

Speaker 6 (09:56):
Also.

Speaker 11 (09:56):
The other thing is, Mike, is that it's now a
lot easier for people to part to pate and things
like gold, because you've got this exchange traded funds where
you can any retail investor can just go and buy
some gold, buy an ETF. And of course the more
ETF you've got, the easier it is, the more of
them are out buying gold. So who it all becomes
sort of quite self perpetuating. Really, it's not just gold though,
silver If you want a bit of silver, Silver's up

(10:18):
forty three percent since the start of this year. So
the commodities it was, they're going off, Mike, they're just
going off.

Speaker 2 (10:24):
I polish mine, but that's for another day.

Speaker 11 (10:27):
On what are the numbers, Well, the Dow Jones under
a little bit of pressure. It's up down two hundred
and thirty points as I look at it, just over
half percent forty five thousand and fifty six. The S
and P five hundred was a bit stronger earlier on.
It's now weakened off a little bit, but it sort
of flats up five points sixty four to two oh
and the Nazdak up one hundred and twenty three points

(10:47):
point five eight percent twenty one thousand, four hundred and
three overnight. The forty one hundred gained two thirds of
a percent nine one seven eight. The Nicka was down
zero point eight eight percent four one nine three nine.
The clothes there, the Shanghai comps it down just over
one percent three eight one three. As I said, the
Aussie has had a shoker down one point eight two
percent yesterday eight seven three eight, and we went down

(11:11):
a little bit in sympathy. We were down point four
to four of a percent thirteen zero and seventy four.

Speaker 2 (11:15):
The close on the inseets.

Speaker 11 (11:16):
Fifty five et seven nine. That's the Kiwi dollar against
the US and the wholesale markets point eight nine seven
seven OZI point five three eight against the euro point
four to three seven one pounds eighty six point nine
to nine Japanese end goals. I said, well, it's now
three thousand, five hundred and seventy four dollars and break
sixty seven dollars and fifty seven cents.

Speaker 2 (11:36):
See you tomorrow, Andrew Kellahajomo wealth dot co dot nz
scheme is the good news, partially good news. A company
called Airleases agreed to a seven point four billion dollar takeover.
It's led by a group of people, A Summertoma corporation
a part of it. You may have heard of them.
They're a big player further consolidating the aircraft leasing industry.
Why is this interesting because most aircraft are leased. But
here's the downside. They used to own fifty one percent

(11:58):
ownership in two thousand and nine. These days they control
fifty eight percent of the global aviation market. And given
all the problems in the aviation market, is somebody controlling
fifty eight percent of that market wise? And can you
just merge these two companies? And nobody asking any questions anyway?
Something upon the sex twenty one Your Reviews talk z B.

Speaker 1 (12:22):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talk ZB.

Speaker 2 (12:28):
How long it would take a text to arrive Mike
and Mike Joy's outrageous outburst thoughts. I'll come back to
that if you don't know what I'm talking about, Mike,
I just watched the Chinese parade? How cool are those processions?
So do we roll over now or go down swinging
with the Yanks? Forget the politics for a moment. It
was unbelievable as a spectacle, wasn't it. Sex twenty five
trending now with one square house, you're one start for

(12:52):
Father's Day fragrances and really interesting the Australian media treatment
of Dan Andrews versus the New Zealand media treatment of
Key and Clark. But I'll come back to that as well. Right,
personal recommendation, If you haven't discovered slow horses, do yourself
a favor in a world of douge its quality. It's
on Apple, four seasons deep, with the trailer for season
five out this morning. If this is an Honor Spot

(13:12):
performance review, I have to tell you I am absolutely
killing him right now.

Speaker 1 (13:18):
Eleven people were killed yesterday morning.

Speaker 2 (13:21):
I had something to do with it.

Speaker 1 (13:23):
I have a your friend. I've not been compromised.

Speaker 7 (13:26):
Nothing raises my spidery since it is as much as
hearing a woman is happy to.

Speaker 6 (13:30):
Spend time with you.

Speaker 1 (13:31):
We've killed and plundered and blackmailed.

Speaker 2 (13:33):
Who now is being done to us?

Speaker 5 (13:36):
Finister forces are trying to bring down the country.

Speaker 1 (13:39):
What are we going to do?

Speaker 13 (13:40):
And don't see nothing?

Speaker 7 (13:43):
Give be thrown out for this.

Speaker 2 (13:47):
We've already been thrown out. Look what I've got to
work with.

Speaker 4 (13:51):
It's a crack up, a drunk psych bad whatever.

Speaker 7 (13:54):
That is, all of them more functional than you.

Speaker 2 (13:56):
The five seasons, by the way, fun Factor been pumped
out in three years, working like nobody's business anyway. That
main voice there is Gary Oldman. Kristen Thomas is in
their Hugo weavings and there. But Oldman really is the
reason to watch. He's a genius and you don't have
to wait long. This is the other good news. Three
weeks yesterday, September twenty four, on Apple Netflix This morning
of announcer, I didn't realize this was the thing. It's

(14:18):
on your screen, the summitch on your screen. You don't
know what the hell's going on anyway. They've updated their
moment's feature so that allows viewers to choose the start
and an endpoint to save a specific clip and once
you've saved it, it lives in the my Netflix tab
for rewatching or sharing. But that's only available for mobile devices,
so appear into that.

Speaker 12 (14:35):
They've you don't understand anything that you of.

Speaker 2 (14:38):
Course not well. I understand it's like clipping, you know,
send it to somebody. But you know who's got time
for that nonsense?

Speaker 1 (14:44):
Tax? Big tech?

Speaker 2 (14:47):
Interesting week for big tech for that AWS thing, which
I may or may not come back to, depending on
what's going anyway. A new report out on the big
players and big tech paying their so called fair share
of tax.

Speaker 1 (14:57):
Will look at this next setting me a g and
talking to big issues the mic asking Breakfast with Bailey's
real Estate covering all your real estate needs news togs
head be.

Speaker 2 (15:08):
Mikey jumping all over the place this morning, start on
the topic, then finished it, then move to the next one.
It's the espoogers. I keep telling you just stay with me.
You can't get good help. What can I say? Mike
Joy's outrageous outburst. Mike thoughts, Yes, Mike Joy, he's a
water guy and he's gone on whatever your social media
pick a platform, and he's talked about hanging directors so
he's talking about the dairy, he's talking about night track,

(15:28):
this is his us on debt, and he talks about
bringing back hanging for directors. So that's caused an element
of outrage. I'm not outraged. I choose not to be outraged.
I see Mike Joy for what he is. But some
people will be outraged, And if other people said similar things,
a whole different group of people would be outraged. So
you know, make up your own mind. Twenty three to seven.
There's another coalition of the Willing meeting in Paris tomorrow.

(15:50):
I hope it's not one in the morning because Luxon
won't make it. But we'll get the update from Catherine
Field for you in just a couple of moments. Long
time back here. You report this morning into one of
the lafe's great undrums, how to get big tech to
pay their so called fair share of text. Now we've
blurred the lines of New Zealand subsidiaries making large payments
to offshore affiliates. This is not new, of course, they
call them service fees. Nick Miller is the Authory's international

(16:12):
text specialist in these with us. Nick, morning to you,
why won't that work? There? We go Sorry, I got
you now, without no disrespect to you at all. This
isn't new, is it. I mean they've been paying service
fees forever.

Speaker 14 (16:25):
They have been paying service fees for a long time,
that's right. But what the report, what our report seems
to do is is to now look at how we
can use existing legislation to challenge these service fees in
the wake of obviously the demise of the Digital Services tax,

(16:45):
because obviously there's been a perception that these companies haven't
been paying enough tax. Otherwise why would we have had
the advent of the DST. So the report is trying
to shine a light in some detail on these techniques
and moving on to look at how we can use
existing legislation, existing principles to challenge these techniques and get

(17:11):
more tax.

Speaker 2 (17:12):
Important point you make existing would we need to change
the law, because presumably you could then ask the question,
if we don't need to change the law and can
use existing legislation, why isn't the IID already doing it.

Speaker 14 (17:23):
I don't think we would need to change the law,
and the report makes that clear. I think you'd need
to ask ir about that. But I guess if you
if you look back over the last up two or
three years, there's been a focus on the digital services
taps and potentially other multilateral solutions or potential multilateral solutions.

(17:45):
Now those that don't seem now likely to see the
life of day. So we are back that the issue
hasn't gone away, So we're back with how do we
how do we deal with this? How do we find
a way to challenge it?

Speaker 2 (17:57):
Do we have small countries syndrome? In other words, we
go to high they're going to get pissed off and
go away.

Speaker 14 (18:04):
I doubt if that is the case, because if if
you look at the filings of these multinational groups of
the global filings, that is, they're in dispute with with
many countries all around the world. So I don't think
we wouldn't be unique. And obviously if it's all what's
going on in Australia that uh, the Australian Tax officers

(18:27):
have been involved in litigation and taking other measures, so
so no, we we would we would simply be fighting
our own corner in common with a lot of other countries.

Speaker 2 (18:38):
Who does it will?

Speaker 14 (18:43):
I think the the Australian Tax Office is big because
they're they're they're the closest closest country to us. But
also they have I think had had a pretty relentless
focus on this and on the subject of, for example, royalties.

(19:04):
Can we use our existing law to impose with holding
tax on royalties which which otherwise reduce which reduced the
profits in both Australia and New Zealand. But I mean
we should still forge our own path. I think we
can learn a lot from what's what's going on over
the ditch, But ultimately, if we want to obtain more

(19:31):
tax from multinationals operating here, then ultimately the New Zealand
courts may have to reach an interview on these issues.

Speaker 2 (19:38):
Do you have it a test all right?

Speaker 5 (19:39):
Now?

Speaker 2 (19:40):
Nick appreciated my last Prime minister about it on Monday. Actually,
Nick Miller International Tech specialists with us this morning. Because
of course we all know that the I Idea have
been shaking the tree Philly hard, and they've got some
new tich and they're matching stuff up and they're bringing
in more money. So I don't know why they haven't
gone down this particular path nineteen away from seven tsking
it's scary rather than spectacular reach China. Yep, you could
probably say that the treatment on Andrews. Dan Dan Andrews

(20:04):
doesn't care, but he's lost his moral compass. There's your
headline this morning. Clearly doesn't give us stuff anymore about
what people think. So this is out of the photo
yesterday that he turns up and with your despots, your
lineup of weirdos and who was in that same photo.
And yet we don't seem to get the same treatment
from the New Zealand media here Why not?

Speaker 1 (20:24):
Eighteen to two the Mike Hosking Breakfast Full Show podcast
on iHeartRadio powered by News Talks.

Speaker 2 (20:32):
B Small Irony. What wasn't covered really here yesterday out
of China is that Russia and China are actually signed
a major deal. They're going to be building the Power
of Siberia to Gas pipeline, so that will set to
transit gas reserves in Russia's western Siberia to northern China
via eastern Mongolia, possible supply of fifty billion cubic meters

(20:54):
of gas per year. The agreement runs for thirty years.
The price of gas via the pipeline will be agreed separately,
So China and Russia are very happy to do business.
Which of corse Funds the war, speaking of which six forty.

Speaker 1 (21:05):
Five international correspondence with endsed Eye Insurance, Peace of Mind
for New Zealand business.

Speaker 2 (21:12):
You, Catherine Field, good morning to you. Good morning mate.
So another Coalition of the Willing meeting. That's a lot
of meetings, of meetings were you know, solutions with What
are we expecting this time.

Speaker 5 (21:23):
Well, we're just starting to see the first part of
this Coalition of the Willing meeting. Just of an hour ago,
President Zelensky of Ukraine arrived at the Elyse Palace and
it was there that he made a statement. Also, we're
alongside French President's Emanuel Macron. On the one hand, we
had Zelenski saying there was no sign that Russia wants

(21:45):
to end the war, and we had French presidents Manual
macarn saying that they're going to talk about this reassurance
force that the Coalition of the Willing are going to
put in place. But this is all post conflict. He said,
this will happen on the day pieces side, which is
then extraordinary thing considering that those talks have stored completely.
So what I've got happening right now, Mike, is the

(22:08):
military chiefs representing most of the Coalition of the Willing
are meeting with Zelenski and the Elsa Palace talking about
what exactly they can provide, what they can contribute, how
it will all work. Then we've got that big meeting
again and just over twelve hours time, when all of
the members of that coalitional most of them will come

(22:31):
together either video conference or in place actually at the
Lysa Palace and to come up with more details of
that reassurance force that would eventually be deployed on Ukrainian soil.

Speaker 2 (22:44):
I've got so many questions out of this, first one
being and I mentioned on the program yesterday or the
day before, I can't remember the research. So we're starting
and I think Denmark was one of the countries that
were handful of countries actually paying the bill. But the
US weaponry is starting to be bought and presumably will
end up on the battlefield at some point. Is the
US involved in this given the last time they entered this,

(23:06):
they had a meeting, the meeting went nowhere and there
was no follow up meeting. How involved is America in
all this?

Speaker 5 (23:11):
Okay, so here's what the Europeans are hoping the US
will do. What the Elise Palace have said is that
they have got a plan, They've got it all together.
They will be able to put your boots on the
ground as a second line of defense. They will be
able to do everything else. But the only way this
can work is if the US gives that security umbrella.

(23:35):
Now that means intelligence, training, support, not troops on the ground,
but being able to give that air cover which Thelensky
has been talking about so much.

Speaker 6 (23:47):
Now.

Speaker 5 (23:48):
Also, don't forget, just in the last couple of hours
mote we've had, the Polish president has been at the
White US talking to Donald Trump, and Donald Trump said
that he had no intention of pulling US troops out
of Poland, a frontline state to Ukraine. There are between
eight and ten thousand American troops based in Poland, he
said there might even be more. The other thing to

(24:10):
remember about how that was such an important announcement is,
of course Poland is one of the few NATO countries
that's big with their defense spending four point seven percent
of GDP this year being spent on the military. A
lot of that's going to be spent in the US.

Speaker 2 (24:24):
So on the one hand, you got the Poles.

Speaker 5 (24:26):
Saying, you know, look gets in your interest, will buy
your weapons.

Speaker 2 (24:29):
You put your troops there.

Speaker 5 (24:31):
The Europeans and the others in the coalition of the
willing as saying, look, we'll do the hard work on
the ground, but to you, the Americans have got to
give us the backstop, which means the intelligence and the
air cover.

Speaker 2 (24:43):
I know, I know it's only words, but Putin said
yesterday ironically from China, that the war ends with talk
or he'll finish it himself. There is no talk, there
is no meeting. Trump's been tapped along the seams. Clear now.
They must of Europe must have been watching what was
happening in China yesterday and been I don't know, ropa
ball or at least it must have hardened their result
to some degree, isn't it.

Speaker 5 (25:03):
You do feel that, you really do feel that these
pictures that we saw out of China over the last
what twenty four to forty eight hours has woken up
those who weren't already awake, if you like Mike here,
that it's all shifted, all the dominoes are moving around,
the new access is there, and that these three, you know,

(25:24):
seeing those three who Russia, China and North Korea who
are newcle got nuclear weapons. That this is a new
ball game.

Speaker 2 (25:31):
All right. Always good to have you on the program.
We'll see you Tuesday. Casroin Field out of plants for
us this morning ten to seven.

Speaker 1 (25:36):
The Mike Hosking Breakfast with Rainfrow Bern News Togs dead
be They.

Speaker 2 (25:40):
Didn't see a lot of yesterday. And the Chinese parade was,
of course their navy because it was on land and
Teneman Square. Very difficult to get a frigged into the
anim and Square. But anyway, I read a fascinating article
this week about their ship building. The last two decades,
they've ramped up investment, of course into their ships. More
than sixty percent of the world's orders this year have
gone to Chinese shipyards. Sixty percent. We'll talk about the
inter Island. I wonder if they're Chinese. I don't think so,

(26:02):
but we'll find out. They won't tell us. Probably that
was weird? Was that weird yesterday? With Winston Winster? Everything
Winston does is weird. We've picked who it is not
going to tell you. I mean, what's that about? Where
was I? China's building more ships than any other country
because it does it faster than anyone else. That's their success.
That's why they're successful in EVS. Chinese ship building capacity

(26:23):
is two hundred times over all that of the United States,
two hundred times. The party now has two hundred and
thirty four warships, the US has two nineteen. So add
those to what you saw wandering down the road yesterday.

(26:44):
Then have a look at the Japanese bond market, the
UK bond market, and the flight from the dollar in
the US. And if you're not worried by that, I
don't know why you wouldn't, Mike, you didn't do due
diligence before luxon interview re Amazon employment facts and figures.
Expect more from you. I take it you've been sucked
in by the radio New Zealand coverage this week, have you?

(27:04):
I mean, come on mate, did they open something up?
Is there money in the country? Are people employed? Yes?
Be happy five minutes away from seven for the ins
are the outs?

Speaker 1 (27:16):
It's the fizz with business, Faber and take your business
productivity to the next level.

Speaker 2 (27:21):
There's a week for housing. Let's toss a little bit
more data at you. We've got Cotelity's latest home value
index for August, so across the country you have seen
a drop of zero point two percent for the month.
I mean that's is that a drug dumming? Technically it's
a drop fifty month in a row. So that's your problem.
For the year, prices are down an average of zero
point six. So there's ups and downs overs numbers there,
and I'll tell you some of those in a moment.
The gains from the last year and earlier this year,

(27:43):
they've been wiped out basically, So your national median price
sets at eight oh nine, lowest level since August of
twenty three. Now the main center is Auckland down a
half point Now that's material to my mind. Half a
point in a month is material. So average price a
bit over a million, Hamilton down zero point one, that's nothing.
Average price seven fifty three, Towering is flat, remains at
nine hundred and twelve, Wellington zero point one, So you've

(28:05):
leveled out. I reckon average of seven ninety seven. Christ
Church up again, boring, christ Church stopped being so successful
up zero point two, average of seven oh six, and
Aneedn up zero point four, average of six oh three.
Cans get a bit of spinny. Was the time where
Dnedan was quite a gap between the rest of the
country and Dunedan, but not anymore now for the region's

(28:26):
your biggest game with New Plumouth zero point six up
Invercargo and Nelson up zero point five percent. The biggest
dropt of zero point six was a napier in Hasting.
So that's that's about. I've got more to say on
this because we're sort of a little bit active in
the property market at the moment. It's a fascinating time
in Auckland.

Speaker 15 (28:41):
Now.

Speaker 2 (28:41):
I don't don't freak out if you're not in Auckland.
I'm trying not to bore the rest of the country here.
But David Seymour that there's a whole new draft plan
in Auckland that involves tremendous numbers of high rises and
it's going to look like Hong Kong. And you might
like Hong Kong. I used to like Hong Kong toll
the Chinese role than but that's another story anyway. David Seymour,

(29:01):
who is part of the government, is taking on his
own government because as an Auckland MP, he doesn't like
the look of what's going to happen. But part of
the problem is no one seems to know what's going
to happen. Saying things and doing things are two completely
different matters. But anyway, he's with us on that after
seven thirty. But as I say, we'll get to these
the inter Island fairies. We'll try and get some more

(29:23):
detail than that for you right after the news.

Speaker 1 (29:25):
Which is next, the Breakfast Show, Kiwi's Trust to Stay
in the Know, the mic asking, Breakfast with A Veda, Retirement, Communities,
Life Your Way News.

Speaker 2 (29:36):
Togs Head be only seven past seven, so the Chief Justice,
in an annual report tells us of stress and lack
of facility, shortage and resources lawyers and access to just
as serious offending that's murder and manslaughter now makes up
seventy six percent of all new trials in the High Court.
Paul Goldsmith, Justice Minister of Courses, with us, good morning,
good morning, we got alarm bells or this is what
we know?

Speaker 7 (29:58):
Well, yes, this is is what we know. There has
been a lot of pressure in the justice system and
so we're doing everything we can to focus on speeding
up the processes of the courts and recognizing that obviously
the very difficult and demanding role that our judges play
on behalf of the rest of society. You know, quite
often the dealing with people on the worst day of

(30:19):
their lives were one of the most stressful days of
their lives. So it is a difficult environment, but we're
doing everything we can to help on that front. On
that front, what are you doing, Well, we're increasing the
number of High Court judges. We've got a bill in
the House lifting it by two and we're actually going
to amend that to have the possibility to go up
by another three. On top of that, we're investing in

(30:42):
a whole lot of new courthouses around the country. We've
got a real focus on digitizing the system. You know,
we've inherited a situation which has been going back over
many decades now where it's still a very paper based
system and we've got to get it modernized.

Speaker 2 (30:55):
From personal experience, I just when I was lasting quote,
I couldn't believe how nineteen seventy three it looked. Is
that being fixed and fixed rapidly?

Speaker 13 (31:05):
Yes.

Speaker 7 (31:07):
The fundamental thing is around digitizing the whole process and
not having people wandering around with big folders. And so
we're underway. We should be in the Family Court starting
that next year. Well, actually implementing.

Speaker 12 (31:20):
It next year.

Speaker 7 (31:20):
So they've been working for a couple of years. They
have tried in the past and failed, so we're making
sure we get it right this time round.

Speaker 2 (31:26):
The length of trials, they talk of, how much is
that about the law and maybe the law needs amending,
or how much of it's about soft judges that go, yes,
you can have an adjunment, Yes you can have a
delay and maybe then get stretched out.

Speaker 7 (31:38):
Well, the Chief Justice referred to the fact that there's
quite a lot of trials now with multiple players. I
saw one in the bar plenty recently where more than
ten people were charged, and so that is more complicated.
But look that there's always been complications in the system.
I mean, we're obviously focusing on reducing crime role and

(32:00):
that will flow through, but in the meantime, there's a
lot of work to do.

Speaker 2 (32:03):
Was that a very delicate way of not criticizing I
just wonder how much butt coverings going on here, and
the judges toughened up a little bit, things might happen
a little bit quicker.

Speaker 7 (32:13):
Well, well, yes, I can see you're sort of trying
to go me into criticizing the judges, and I'm not
going to do that because it's you know, it is
actually an important sort of institutional norm that we have
a separation of powers.

Speaker 2 (32:26):
I couldn't agree more. But when the Chief Justice goes
this is broken, and one of the fairly obvious parts
that is broken might be because of their behavior. You've
got to push back of it, don't you.

Speaker 7 (32:36):
Well, well, what I would say is that all of
the all of the different parts of the justice system
have to contribute to improving and so speeding up the
courts is a classic classic systems challenge. Where you've got corrections,
you've got police, you've got the judges, you've got the judiciary. Sorry,
you've got the justice system. You've got a whole lot
of other different players, and everybody tends to blame each

(32:58):
other sometimes for the situation. And so that's why we
get everybody into the same room on a regular basis
and say, well, look, what are the twenty things we
can do that will help, And once we've done those,
what are the next twenty things we can do? It
will help partly legislation, partly you know, technology and making
sure the Wi Fi works, the basic sort of stuff,
and partly yep, the rules of the courts are an issue,

(33:18):
and we work our way through all of those things
in a collective and collaborative fashion.

Speaker 2 (33:23):
Got yourself out of that one nicely, Paul Goldsmith, Justice Minister.
It is ten minutes past seven.

Speaker 14 (33:28):
Here we go.

Speaker 2 (33:28):
Who doesn't want to be a teacher. We've got a
thirty percent jumping enrollments three and a half thousand, five
hundred and twenty five students this year compeed to twenty
seven hundred and fifteen last year. Primary is up thirty one,
secondaries twenty eight. He sees up twenty four. John O'Neil's
professor of Teaching education at Massa University and is with
us John, Morning, Morning, Mike, these golden days.

Speaker 13 (33:48):
Well, it's certainly a turnaround, isn't it. So it's good news.
And the challenge, I suppose is to find out what
are the causes? Why is it happening?

Speaker 2 (33:57):
I'm going to cluse you've got any ideas. What's it?
Can't just be Erica Stanford and putting walls up in
the classroom, ken it.

Speaker 13 (34:04):
No, of course it can't. It's partly cyclical, so every
time there's a recession or an economic downturn, numbers in
it and other training programs tend to go up, so
that's part of it. The challenge for government is really
that we're in the middle of a sort of ten
year growth cycle in school role. So Ministries Forecasting says

(34:26):
that by twenty thirty there'll be an extra hundred thousand
students in school. So even though the numbers are up,
they need to there's an ongoing challenge to keep them
in the system, and we've also got an aging teacher workforce.
The subsidy for school based placement is certainly helping, but
it's a tiny fraction. So twenty thousand subsidy get people

(34:48):
into the classroom early on, have school based teacher training.
That seems to be a real incentive for people to
take part and for schools to host students. But it's
a tiny fraction of the overall numbers, so money could
be an issue going forward. So it's the subtle center
as well.

Speaker 2 (35:03):
Does the split interest you thirty one, twenty eight, twenty four,
it's reasonably even across the sector.

Speaker 13 (35:08):
Yeah. The thing I was surprised about was early childhood
numbers up to the extent that they are, particularly in
light of changes made by Minister Seymour in terms of
starting salaries and deregulation and changing the ratio. So we
know we're already got a challenge in getting people into
early childhood education. So it's a real surprise for me

(35:31):
to see those numbers holding up in the same way
that primary and secondary were.

Speaker 2 (35:36):
Very encouraging, John, appreciate your insight, Professor of Teaching Education
at MESSI it is thirteen minutes past seven pasking. I
don't think people realize Mike, how massive Amazon aw is
coming here is maybe that should take some personal leadership
and do some of their own research before they message in.
It's the weirdest story. I mentioned this earlier on in
the week, the media's obsession with a building that may
or may not have been built on a bit of land.

(35:57):
I mean, we know it hasn't been built, and what
that means, and how come it a good news story
became an alleged scandal sort of. I just, I just
I'm exasperated by it. Mike. I would feel much more
comfortable about your cheerleading of China. I know where you
get it that I cheerlead China if only I could
be convinced that the Chinese government have peaceful intentions and
respect democracy and human rights. Well, they're not into democracy

(36:17):
and they never have been. They're not a democracy and
I don't know waky waky, Peter, they're not starting now.
And human rights they're not into that either, really, but
we don't deal with them on that level. We deal
them with the trade partner, the one of the most
powerful businesses and companies and economies in the world, and
that's how we interface with them. Mike, you talked about
the seven eight. Have you talked about the seven eightyf
members found dead in Germany? Debs don't for question mark me.

(36:41):
I've read enough about that at this point. I'm not convinced,
but I am reassured to a degree. Look it up.
If you don't know what we're talking about, I'm reassured
to an appropriate degree that there is no scandal there. Mike,
Are you going to be able to tell us how
on Earth? H Clark and j Key rationalize attending Zee's
big birthday party, Bryce, I can't.

Speaker 8 (37:04):
So there you go, cheerleading China again.

Speaker 2 (37:07):
I think it was a mistake. I've heard Helen's I've
got I like them both. I like Helen, I like John.
They were both very good prime ministers. And I get
the basic explanation. They were marking the end of World
War two, but were the Chinese? Not really so optics
are important and I think they might have got the
optics wrong. Fifteen past the.

Speaker 1 (37:27):
High Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks at b Right.

Speaker 2 (37:33):
Eighteen past seven, another step closer to our two new
inter Island fairies. Shipyard's been selected. We've got a price,
I think in a timeframe deal. The ink needs to
be put on some paperwork somewhere. Chris McKenzie's the chair
of Faery Holdings and is with us Chris Morning. As
a process smooth sailing, no pun intended or not.

Speaker 16 (37:52):
It has been smooth sailing, but it has been a
fairly concentrated process with because of the timeline of twenty
twenty nine. We've had to push the staff and the
shipyards quite hard, but it has all gone very well
up to this point.

Speaker 2 (38:09):
In going to the world with a deal like this,
are there plenty of people who are keen or will
we small beer?

Speaker 6 (38:16):
No?

Speaker 16 (38:17):
We started off with over sixty yards, then came down
to fifteen to twelve and then the final six. And
the reason for the final six was. They were the
yards that gave us a very good guarantee that they
could have the two ships by twenty twenty nine.

Speaker 2 (38:34):
So where literally are we at on time frame and price?
Is that locked in? Or are we going down to
micro negotiating?

Speaker 16 (38:40):
Now we have signed a letter. I signed a letter
of intent on Monday. We've had a response from the shipyard.
We now go into technical negotiations, even down to things
like where the toilets are located and so forth, and
those are to be completed and a contract will be
sold in November or December, which meets the deadline that

(39:04):
we had for the end of twenty twenty five.

Speaker 2 (39:07):
Right. Compare it to a car. I don't know if
you know anything about cars. What have we bought? We
bought a Toyota Corolla? Have we bought a nine to
eleven Porsche? What have we bought?

Speaker 16 (39:15):
I would say that we brought and Obecca. We've bought
a good solid.

Speaker 2 (39:20):
Holden Holden, what Camara, Holden, Commodore, Holding Commodore. There you go.
I want to ask you lot, size, engine or manual
or automatic? But okay, we like it. So you're happy
with where we're at.

Speaker 16 (39:31):
I am very happy with where we're at. I'm happy
with the discussion that we've had with the shipyards. You know,
we've had shipyards in four different countries. We've come down
to one and that will be announced at the time
that we signed the contract.

Speaker 2 (39:46):
Appreciate your time very much, Chris. Chris mccanzi, who's the
chair of Ferry Holding's Greg Murphy, will have fallen off
this chair eating this breath.

Speaker 8 (39:51):
So we're going to be able to get the parts
of it.

Speaker 2 (39:53):
They bought a hold. They bought a hold in Commodore.
Let's talk about building up in Auckland and intensification in
a moment. Seven twenty.

Speaker 1 (40:03):
The Mike Asking Breakfast Full Show podcast on Payheart Radio
powered by News Talks EPI.

Speaker 2 (40:11):
Dave Ferguson of NERO. Are you gonna like him as
in New Zealand and San Francisco. We'll talk to him
after eight o'clock this morning. Now, something new and seriously
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(40:32):
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This complex so it works on both Apple and Android. It
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(40:52):
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(41:16):
the terms and conditions, Eligibility criteria, fees charges apply subject
to approval. Offerings by the way, the thirty first of
January twenty twenty sixth lasking se twenty four trouble with
change as apart from the fate we don't like it is.
It's essentially bad, and especially bad if we don't know
what it is.

Speaker 9 (41:33):
Now.

Speaker 2 (41:33):
The good news for real estate this week has been
the foreign buyers changes for visa holders of course, added
to that and we've had a series of interest rate
cuts with more to come. But but in a place
like Auckland, what do you buy and where see? There's
no small amount of banks currently over a new plan,
unitary plan and tenttification plan, draft plan, call it whatever
you want. The new plan came out of the government's
idea of having three houses three stories tall on a

(41:54):
regular section with no real clearance required. Auckland didn't want that, apparently,
so they were and allowed to make up their own.
So the answer, roughly at the moment, appears to be
high rise and a lot of it around public transport
hubs Q. The outrage Q, the upset, the questions, the
heated meetings. Now the new plan must be able to
accommodate two million new houses. Doesn't mean they'll actually turn up,

(42:16):
but it means to accommodate them. What this does to
a real estate market is very simple. It hobbles it,
especially at a time when none of the decisions are made,
or in any sort of concrete what neighborhood is affected?
Fair question? What part of that neighborhood? See, we looked
at a place the other day currently mixed use, next
door being commercial. Could be twenty seven stories tall. It's
not currently, but it could be another place. Nice view

(42:39):
of the harbor apart from the house in front. That
could be multi story. It isn't currently, but it could be.
You don't look at a house anymore. This is the problem.
You don't look at a house anymore. You look at
the house next door or behind it, or around it,
or down the street. What is it? What could it be?
A dunger that's ripe for future trouble, so you don't buy.
There's little in life to fire us up more potently

(42:59):
than our castle and its environs being meddled with. Making
it worse, specifically in a place like Auckland, is the
fact the place has been butchered by clowns. You wouldn't
trust these people to run your bar, far less the city.
So as we sit and wait and debate and get
tents and object and fume and worry, how many people
who are about to borrow or spend or shift or
expand or build in our second guessing themselves and in

(43:20):
second guessing doing nothing. Pasky, Mike, happy for our ex
prime ministers to share air with the Chinese leadership. We
need more informed dialogue between nations, not less. Not a
bad point, Key and Clark might know how to play
the game. Also not a bad point, Mike. Trump is
turning the US into a dictatorship. It's his way or
the highway. It's not a dictatorship. Are at a very

(43:41):
good piece to look it up if you can be bothered.
In the Financial Times, Ray a guy called Ray Dalio,
and he started a company called Bridgewater. He's a heavyweight
player in the money markets. He calls it an autocracy
and he cites history, looks back to the thirties. He
reckons it's a thirty style autocracy where the government suddenly
is involved in intel ten percent and we might buy

(44:04):
a bit of them and a bit of those people
over there, and oh you can you can export those
chips and video, but you are going to give us
twenty percent. It's that sort of style of government is
what you're seeing unfold in America at the moment. But
Ray Dalio is always worth listening to. The name rings
a bell right the aforementioned intensification angst worry David Seymour's
and Auckland MPI. So he's into it, we'll talk down

(44:25):
about it. Next.

Speaker 1 (44:27):
Your source of breaking news, challenging opinion and honors facts,
the Mike Hosking Breakfast with Range Rover leading by example news.

Speaker 2 (44:36):
Tog's dad b was an interesting keys in San Francisco.
The company is neuro and he's at the covering edge
of Dribler's Cars, robotic cars. And he used to work
with Weimo and Google and all of that before he
went out on his own. So we'll talk with him
up to ode o'clock mean time back here at twenty
three away hard to overstates have tried to just before
the news the sort of angst in Auckland at the

(44:56):
moment over this new intensification plan or draft plan or
whatever you want a court without boring the rest of
the country. The housing minister wants the potential for two
million more homes. People may not want to vote in
the local body elections, but you don't want to mess
with their backyard. Boy, you get them exercise. Then local
MP David Symour plans to lobby the Council around an
adequate infrastructure and poor developments and he's with us. Very

(45:17):
good morning to you.

Speaker 12 (45:18):
Good morning mate, So do you speak to us.

Speaker 2 (45:20):
This morning in your capacity as actively the Deputy Prime
Minister or MP for EPSOM.

Speaker 17 (45:25):
Well primarily is MP for EPSOM, and that capacity, my
job is to ensure that the residents I represent in EPSOM,
Mount Eden, Newmarket, Parnell and Remuera suburbs have their interests
advocated for within the political process under the law, so
that everyone understands what's going on and that their views

(45:48):
are heard. And that's simply a job that I see
as my first and most important because while I represent
a lot of people on behalf of acts, and while
I minor to have some job in the governments of
New Zealand, it's the people in the EPSOM Electric who
gave me the ticket to attend.

Speaker 2 (46:06):
What would your assessment of the level of Angston Auckland
be and are other Auckland MPs as active on this
as you are.

Speaker 17 (46:16):
I'm aware that other Auckland MPs are getting feedback, in
some cases voluminous feedback on this issue. Frankly, I don't
believe it's as strong as it could be because of
the way that the Auckland Council has behaved. In order
to find the maps of how the zoning will change,
whether your neighborhood will be zoned for up to fifty

(46:36):
meter towers or just have its zoning changed from one
existing Auckland zone to another. In order to find those maps,
you actually have to go into the section of the
Auckland Council website where they keep the minutes of the meetings.
Then you've got to go to the Special Planning Committee's minutes.
Then you've got to plow through that to download these images.

(46:57):
Now I talk to people at the Herald who that
the most read story on their page last week was
about this topic. But if you go to the Auckland
Council website, the thing that people are most interested in
as one of the most hidden things. So I suspect
interesting as people get more information, they will take an
interest in it. My challenge to Auckland Council is rate

(47:19):
payers paid for these maps. You've been preparing them since
April and then you release them after Parliament voted on
the legislation, which you clearly knew was coming. But chose
to prepare a plan that you used for your purposes,
but not to inform public debate about. And I think
that as Shane fall, they should put it on the

(47:40):
front page of the website this morning.

Speaker 2 (47:41):
Which is the really interesting thing for a person like
me is trying to sort of wait and stand in
the middle of all of this is this is the
interface between local government and central government. It is central
government who wants it. It's Chris Bishop who's pushing for this,
and local government doesn't necessarily want this particular way, but
they didn't want three houses of three stories on a
six hundred square meet property of the Twain shall meet in.
That is the angst, isn't it.

Speaker 12 (48:05):
Well, that's right.

Speaker 17 (48:05):
I mean not to go through all the history, and
I'm conscious that there are non Auckland listeners on the shows,
I apologize to them, but look, basically, you know, the
medium density residential standard was a deal between the Labor
government of the day and supported by the National Party
in opposition that would have said you can build three
three story houses basically every section in Auckland.

Speaker 12 (48:28):
I oppose that from the get go. I think that
was mad.

Speaker 17 (48:31):
For example, we saw shortly after that agreement flooding and
real damage and destruction across Auckland. All of those places
and floodplains were deemed to have three three story houses
on them. So we've defeated the MDRS. I'm pleased we've
done that. The government has made a massive improvement on it. However,
the plan that has been produced by Auckland Council, as

(48:52):
Chris Bishop noted in his column this morning, that requires
almost no greenfield develop all intensification. It requires half of
Parnell to have fifty meter buildings. Now, I just make
the point that you know to only two years ago
that we had a building fall into a sinkhole because
a one hundred and twenty year old brick sewer underneath

(49:15):
Parnell imploded and everything fell down into it, and we
had two years of fixing that up. So the idea
you're going to intensify that rate there doesn't make sense.
So we've got an improvement, but now we've got an
obligation I think to make sure that we really go
through this from an Auckland perspective and make sure that
the plan actually makes sense in that Chris Bishop has

(49:38):
the ultimate say, and I'm also rarely determined that someone
I consider a very good friend and a very impressive
politician doesn't get demonized for his role as some people
are trying to do in Auckland.

Speaker 12 (49:52):
That would be wrong. And I actually agree with Chris
about one other thing.

Speaker 17 (49:57):
If we want this country to work, then the next
gen must believe that if you do all the right stuff,
listen to your teacher, study, grow up, get a job,
save your money carefully, then you will have a place
of your own.

Speaker 12 (50:11):
As soon as you take away the.

Speaker 17 (50:12):
Ladders of opportunity to a property owning democracy, you get
a generation who doesn't believe in that concept and you
have big trouble. So we do need to make it
easier to build a home, But what we absolutely cannot
do is dis locate planning and infrastructure provision, which will
lead to a total disaster. So it's a bit of

(50:33):
water to go under this bridge. But I believe we'll
get to a better place.

Speaker 2 (50:35):
Well, I hope you're right. Nice to talk to you.
Appreciated David Simai. Let's call him the MP for EPSOM.
On that particular one I think we mentioned a week ago,
the Boss went along to his first ever a public
meeting in a big church hall. In the church hall
was because he suddenly he bought his house and he's
looking next door and he sees the plan and the
plan has got the multi story building next door, and
he suddenly freaks out. And this is how this whole
thing goes. He goes along to the public meeting first

(50:57):
and his life place is packed. So there's the day.
It's right this more where that came from? Seventeen too good?

Speaker 1 (51:03):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, pow
ad by the News Talks.

Speaker 5 (51:09):
It be.

Speaker 2 (51:11):
Mike fully supported in terms of housing and the cities. However,
where on earth did they get the number two million?
Come from? Where it's not two million? This seems everyone
seems confused about this. It's not about two million more houses.
It's the ability to cope with potentially two million more houses.
The Bishop article that seem more references in the Herald
this morning. Speaking of the Herald, they've done the mapping.

(51:32):
If you're interested in the mapping, you can have a
look at that, and it said it's relatively easy to
work through. Technically speaking, Mike, something like a third of
the country lives in Auckland. Every time we have to
talk about an issue here, you apologize to the rest
of the country. I neihverhood. You apologize to Auckland as
every time you focus on issues outside of the region. Well,
to be fair to the program, I walk a very
fine line. The difficulty of a national program is that

(51:53):
there are pockets of interest in different parts of the
country depending on the circumstances. And to be also fair,
we don't often focus on individual issues in regions like
you know, the last I can't remember the last time
we talked about the West Coast specifically. So Auckland does
buy its sheer size get some more attention than other places.

(52:13):
But and I'm just very aware that if you're sitting
in to Mauru this morning on Nelson, you're probably not
that grip by Auckland. So I'm just trying to be
the nice guy about it.

Speaker 8 (52:21):
And obviously the stuff in Wellington's is just funny.

Speaker 2 (52:24):
Well, speaking of Wellington, let me introduce a little Wellington topic.
Poll out yesterday Andrew Little's leading. It's one of those
weird polls where it says absolutely nothing. I'm overpolling. I'm
sick of polling.

Speaker 8 (52:34):
Shall we ban it?

Speaker 2 (52:35):
No, we shouldn't ban it. I mean, if people want
to spend money on polling, let them do it.

Speaker 8 (52:39):
But yeah, I mean on the show.

Speaker 2 (52:40):
Yeah maybe maybe I'm pretty close to it, to be honest.

Speaker 8 (52:43):
Allowed it like three months out from election.

Speaker 2 (52:45):
Yeah, maybe we should have an election rules because yesterday
is there are more people undecided than there are for
Andrew Little, who's the most popular candidate in the race.
As for those numbers in the Tanucky by election, three thousand,
seven hundred out of forty four thousand, I mean, are
you serious? Is that really disinterested? You are? What the
hell's the point of being enrolled if you can't literally

(53:05):
haul your ass out and vote when you have the opportunity. Anyway,
So Little's thirty percent and he leads, but forty percent
are undecided. Are they undecided or they just can't be bothered? Anyway?
So that was a poll out yesterday, and I assumed
he was going to win, and win easily. That's my poll.

(53:26):
A couple of court cases, by the way, just quickly
say you're up to speak. So Google, I didn't follow
this with the microscope, but I followed it close enough
to think to myself that I reckon Google were going
to lose Chrome but they didn't, and I reckon that's
probably one of the bigger judicial stories globally this week.
They get to hold Chrome plaintives overreached and seeking forced

(53:47):
a vestiture of these key assets which Google did not
use to affect any illegal constraints. So I think the
key word there is illegal as opposed to highly dodgy.
Fox are being sued this morning by Newsmax. This is ridiculous.
Newsmax are arguing that Fox has repressed them or suppressed

(54:09):
them sort of I think, not dissimilar to how we
suppress Morning Report. But for Fox's anti competitive behavior, Newsmax
would have achieved greater PATV distribution, seen its audience and
ratings grow sooner, gained earlier critical mass for major advertisers,
and become over all the more valuable media company. Now
they don't explain how that's happened other than Fox turning

(54:30):
up each day and doing quite a good program that
people like. Sort of like this, jeez, the moment you
get sued for success and I'm counting for Zip for
Trump this week in court because the FTC commissioner she
won yesterday. Her name Slaughter, Rebecca Slaughter, so she's in
the Appeals Court. She's one of the people that Trump

(54:51):
sacked lowered. District Court ordered a reinstatement. This is back
in July. Justice Department got an emergency stay for the
appeals court that temporarily blocked that. But then in the
Appeals Court yesterday it was two to one, so it
wasn't unanimous. Two to one. They denied Trump the right
to request a speed up of the appeals process. But
he lost so so far this week, Captain, tell me
I'm wrong. He's lost on the migrants. This is the

(55:13):
Guatemala case. He's been held up on that. He's been
held up on firings the National Guards illegal and of
course most importantly of all, the tariffs. And I was
reading a very interesting article. If he loses at the
Supreme Court on tariffs, the check they're going to have
to write every business person in America is going to bankrupted.

Speaker 1 (55:33):
Tay the make Hosking Breakfast with Bailey's Real Estate News
tog zedb.

Speaker 2 (55:38):
Blidows seven away from it. The beer is still to
be poured for another day. Brewers Garage Project have stepped
into say Fortune Favors from closure, Fortune Favors or a
forty five percent drop in revenue, costs were up, and
awards don't pay the bill, so it was over until
it wasn't. Pet Llsbie is the founder of Garage Project
and as well, there's Pete morning.

Speaker 18 (55:55):
What I know, how are you making very well?

Speaker 2 (55:56):
Indeed, the state of craft beer generally as you see
it is.

Speaker 18 (56:01):
Oh, it's been tough. I mean, it's just shows. I mean,
Fortune Favors did an incredible job setting up like a
really cool little venue in the heart of Wellington. You
couldn't find a better place to have a beer on
one of the five nice days we haven't Wellington. And
yet still you know, it's still this has happened. I
think it's just tough. Tough for them, tough for all

(56:23):
venues in Wellington.

Speaker 2 (56:24):
Well, what have you got that they haven't?

Speaker 6 (56:25):
Then?

Speaker 2 (56:26):
How come you want to step in?

Speaker 6 (56:28):
Oh?

Speaker 18 (56:29):
Look, honestly, Mike, it is like I said, they did
such an incredible job of that space. It would just
be a crime to see everything ripped out of there.
I don't know what have we got, Probably more optimism
than maybe we should, but I just feel like, I
don't know, it's worth doubling down.

Speaker 2 (56:47):
All this is an altruistic thing. On your This is
an emotional decision on your part, opposed to the cold
hard numbers.

Speaker 5 (56:53):
Ah.

Speaker 18 (56:54):
I mean, look, we wouldn't do it if we didn't
think we could pull it off. I mean there's definitely
an emotional element. I mean, I love Wellington, Mic. I
think it's really cool. I mean, I know it's a
bit shit in places, but really I really want to
double down on it. I mean, we're doing this. We're
partnering with Bill Bailey down at the Pavilion as well.
I mean, I don't know, maybe it's a moment we

(57:15):
could turn things around.

Speaker 2 (57:16):
Well, let us hope. So that's why I'm arguing. I'm
wondering if you've got the bank balance to hold it
until the un till the rising tide lifts everybody.

Speaker 18 (57:26):
Yes, well, I mean obviously this is one of the things,
isn't it. I Mean we have a little tap room
up at Arto. I mean it's tiny, it's like a
it's like a sort of storage cupboard where you can
go and have a beer. So we've got obviously a
brewery behind us. We sell into supermarkets as well. Hopefully
we've got enough stretch to build a buffer and make
this work and like I said, I mean it is

(57:47):
on those on those few sunny days in Wellington. I
cannot think of a place I'd rather sit and have
a beer than on that deck there. So yeah, it'd
be nice to make that.

Speaker 2 (57:55):
Give me thirty seconds on zero or low alcohol beer.
Is it going off or not?

Speaker 4 (58:01):
Yeah?

Speaker 18 (58:02):
Absolutely, I mean it's now our number one selling six pack.
Tiny is huge. I'd love to say Mike that we
saw it coming and we're very clever, But to be
absolutely honest, I mean we just had a stab at
making Tiny. It seemed I'd tried a lot of the
other non alcohol beers that were available at the time,
and I mean, honestly, some of them were rubbish. I

(58:23):
really felt like we could crack something with a little
bit more flavor. So we made Tiny and we just
happened to be there at the right moment and caught
that wave. It's interesting where it's come from. Is it
just that we all sat at home during COVID and
maybe over indulged and this is us swinging back the
other way?

Speaker 1 (58:42):
Yeah, I don't know.

Speaker 2 (58:43):
All right, mate, We'll go well with the bar and
good luck with the Tiny, And I love talking about
I found myself talking a lot about beer this week,
and I find myself enjoying that experience. Peat Gillespie out
of garage, project News from just a couple of moments,
then a New Zealander You love.

Speaker 1 (59:01):
The news and the newsmakers, the Mic Hosking Breakfast with
Bailey's Real Estate covering all your real estate needs News
togs Head, Ben.

Speaker 2 (59:11):
Passed right, Let's meet a cube at the cutting edge
of the robotics and self driving car game. Dave Ferguson.
He left Google, where he was working for Waimo to
set up his own company, Neuro. Their capital rays involved
in Lydia, No Less and Uber as well as New
Zealand's ice House ventures. Now Neuro's value these days at
over ten billion New Zealand dollars a day. Ferguson's with
us out of San Francisco. Good morning, Thanks Mike, Good

(59:32):
to be here. At what stage is Neuro at in
terms of delivery, the capital, raise, the money out there,
access to it, et cetera.

Speaker 6 (59:40):
Well, we've raised just over two billion dollars, so in
terms of capital Rays, I think we've done pretty well. Overall.
We're nine years into our journey and we very recently
signed a pretty big commercial deal with Uber where we're
going to be building a robotaxi. That Robotaxi will launch
at the end of twenty twenty six.

Speaker 2 (01:00:00):
As far as the capitalizer is concerned, the names like
Uber and Nvidia, how much of that name association is
important to what you do.

Speaker 6 (01:00:10):
Well? I think for us, it's more the strategic partnership
that is part of the investment that they're making that
is important. So it's not so much the name, but
rather what we're doing together.

Speaker 2 (01:00:25):
When you were working with Google and Waimo, I mean,
was it always your intention to go out and do
your own thing or No?

Speaker 6 (01:00:32):
No, absolutely not. Actually I loved working at Google, and
my co founder and I worked together there. We met
at Google and we worked together for about five years
before deciding to branch out on our own and starting neuro.
I think I was probably a reluctant entrepreneur. It wasn't
something that I'd ever planned, but we were very excited

(01:00:53):
about the potential role we could have really working on
robotics generally, not so much self driving in particular, but
this has become the first application that we're working on.

Speaker 2 (01:01:03):
What do you make of self driving as a concept.
I read obsurvey the other day that I can't even
remember who did it, But as far as Tesla specifically
was concerned, only fourteen percent of people thought that the
ability to be driven would attract you to a brand.
Is that something you need to battle or change?

Speaker 6 (01:01:23):
I think personally, I think it's a terrible idea. That's
why I've devoted much of my career towards it. Look
I think that the safety benefits that we're going to get,
the improvement and access, the sustainability, the economic benefits, the
time back, it's going to be an incredible product, and

(01:01:43):
I think in a pretty incredible part of society long term.
I do think that there is a journey that we
need to go on together with the public around acceptance.
But I can say that almost everyone that I've ever
known who has been in a way Moat, which is
the only fully self driving vehicle, you know, Tesla is
just a driver assistant system right now. Everyone that's been

(01:02:05):
in a Weimo in San Francisco absolutely loves it. And
if they were skeptics beforehand, they're converts almost immediately after the.

Speaker 2 (01:02:14):
Journey of Weimo. Just in terms of robotaxis, where they
do it in what cities and jurisdictions in America? The
trials the rules of regulations. Has that been slower than
you would have liked?

Speaker 6 (01:02:26):
I think from a regulatory perspective, it's been about as expected.
The challenge with the states is that the federal government
regulates vehicles and each state regulates drivers. So when you
have a self driving vehicle, you have both the vehicle
and the driver in one and so you have to
deal with regulations on both the federal and state level,

(01:02:48):
and so that becomes a little bit more complicated. But
there are a number of states, including California, where you
can do full driverless operation, and those are obviously the
first states that companies are expanding it.

Speaker 2 (01:03:00):
What's the issue the biggest issue you face is it
the tech or is it government?

Speaker 6 (01:03:05):
I think for now it's still the tech. I think
Waymover has proven that it's possible to build incredibly safe technology,
and I think we have two through the driverless deployments
that we've made as a company. But there's still a
pretty significant challenge in scaling that tech, particularly in a
very economically feasible way, basically doing it fast enough and

(01:03:28):
cheap enough.

Speaker 2 (01:03:29):
It strikes me that if you're in certain areas of life.
Chips is one, your area is another. There's a lot
of money out there to be grabbed if you want it.
Is that fair or not.

Speaker 6 (01:03:40):
I think the autonomous vehicle industry has had a tough
couple of years, to be honest, Mike. We've seen almost
every company shut down that was working in their space
about three years ago, including some of the biggest companies
in the world, like Uber had their own effort that
shut down. Apple had their own internal effort that shut down.
I think we've gone through a period where it was

(01:04:03):
much much, sort of a trough of disillusionment around av
in general. I think now we're coming out of that,
and Weimo is a big part of that because they've
shown that the tech is there and so now it
is just a scale and economics question, and so I
think the capital is coming back to the space, particularly
for the players that look like they're going to be

(01:04:25):
strong enough to actually.

Speaker 2 (01:04:26):
Deliver on this How did you Survive?

Speaker 6 (01:04:30):
We were fortunate to raise quite a lot of money
through twenty twenty one. Our last fundraise before this current one,
which is our series, was at the end of twenty
twenty one at that point, we had I think roughly
a billion dollars on the balance sheet, and so we
had a pretty good coffer wather to weather the storm,
and we cut our expenses, we reduced our team unfortunately,

(01:04:53):
and we really focused on just delivering on the autonomy
on the tech side, and fortunately we had enough runway
to really make it through the lean periods. And now
with many of the other competitors gone, I think we're
in a really good position with the maturity of the
tech to actually forge partnerships like the Uber one and
to make this a reality.

Speaker 2 (01:05:14):
All right, listen, hold on there, mate, We'll come back
and talk about next steps in a moment. Dave Ferguson
out of neuro New Zealand are flying the flag internationally.
It's thirteen past eight.

Speaker 1 (01:05:22):
The Mic Asking Breakfast Full Show podcast on iHeartRadio Howard
by News Talk.

Speaker 2 (01:05:27):
Zipp Us talks sixteen past eight. Dave Ferguson out of
Neuro is with us. Now right, let's move it forward.
So I go in the future to buy a cow
with your robotics in do I say versus somebody else's? Right?
So would that be from my point of view, the
punter's point of view a commercial choice, sales choice or whatever,
or is it going to be different from that?

Speaker 6 (01:05:46):
Yes, I believe so. I think we're going to have
fleets of vehicles much like the Robotaxi that we're building
now with Uber, that will be owned by mobility companies.
So Uber will have a bunch of their own av
fleets that they operate, but you'll also have the opportunity
as a consumer to buy a personally owned vehicle that
will have autonomy on it. And for Neuro, we are

(01:06:09):
working very hard to play in both spaces, so we're
forming partnerships on the mobility side. We're also forming partnerships
with the car manufacturers so that we can be part
of a future vehicle that you or someone else might
choose to buy for your own use.

Speaker 2 (01:06:22):
But would I see, I've got a million questions about
the car makers, But would I buy Neuro? Would I go,
I'm buying that because it's got neural on board as
opposed to somebody else's products like a good set of
abs breaks or some Elkintara interior or a good color
scheme or something.

Speaker 6 (01:06:37):
Yeah, I think so, I think it's going to be
a differentiator. Now, it may not be the case that
you would pick the same car and you have a
trim that is a NEUROAV system versus some other AV provider.
There may only be one per vehicle, but I think
it will make a differences whether you choose to buy
a Corolla that has Neuro or you choose to buy
a Forward that has some other AV.

Speaker 2 (01:06:59):
What about the car makers, do you perceive a problem
of one them getting in the market and purchasing them
stuff as opposed to say, doing it themselves, or and
or what they're prepared to pay for it versus what
you're prepared to sell it for.

Speaker 6 (01:07:14):
It's an incredibly tough technical challenge, Mike, and I think
we've seen through the last few years how difficult it
is for OEMs to build it themselves. Now there's a
lot of variety in the OEM, the automotive automaker's field,
where some of them are very technically savvy and some
of them are much less so, and so I think

(01:07:35):
we will see some of them continue to try to
go it alone. That's a very small subset. These days,
most of them are going to partner with AV providers
like Neuro so that they can have the absolute bed
class technology to provide to their.

Speaker 2 (01:07:49):
Customers, and how will it roll out for me as
a punter? Do I buy or will it be in
my car as an early version? So, in other words,
once you crack it, once you get the regulatory tick off,
and it's in the car, what's the advance from that
first day to three years, seven years, tenures down the
track where it does something that maybe we can't even imagine.

Speaker 6 (01:08:09):
So that's a great question. I think the way that
we will see it roll out into personally owned vehicles
is that it will actually be a product that improves
over time. So the simplest way to think about it is,
your vehicle will have the hardware, it'll have the eyes
and ears, the cameras and light eyes and radars that
will enable it to drive itself, but on day one
it may only do that in certain areas, so maybe

(01:08:32):
it'll only drive itself on highway, so you can have
breakfast or run a radio show from the front seat
of your car on the way to work while it's
on the highway. And then over time the software will
improve with the same hardware, so you won't have to
upgrade your car, and it will expand the areas over
which it can do fully driverless or fully autonomous behavior.

(01:08:52):
So it will be what you hint to that, which
is a product that should continue to get better and
better over the years.

Speaker 2 (01:08:59):
Is it subscription should potentially over rear downloads all that
sort of stuff.

Speaker 14 (01:09:04):
Yep.

Speaker 2 (01:09:05):
So you get the base in the car, and then
you want the upgrade, like you want the heated seats,
you pay seven dollars a month and you're in.

Speaker 6 (01:09:14):
Yeah. I think that particularly for the higher levels of autonomy.
So we in the industry we sort of differentiate between
a system that is sort of helping you personally drive
versus a system that is taking full control over the car.
I think as we get to those higher levels where
you can have a nap or you can not even
be in the car those levels, I'm pretty confident they're

(01:09:34):
going to be subscription based because they just provide so
much value and that will be the easiest way to
recoup the investment and frankly to reduce the upfront costs
of the vehicle to the end consumer as well.

Speaker 2 (01:09:45):
Do you have an age issue of you corunched any
of that data? Older people going I love my car,
this is mental, I'm never doing this versus the eighteen
year old ago is bring it on, I can't wait.
Will that be a hurdle or not? Do you think not?

Speaker 6 (01:09:59):
Really?

Speaker 2 (01:09:59):
I think.

Speaker 6 (01:10:00):
I think what we've seen through a lot of the
surveys is, again, once people experience it, they're pretty excited
about it, Mike. And you can imagine the elderly at
some point they're no longer super comfortable or confident in driving,
either it's too much of a hassle, or as the
age they become less excited about taking that on themselves.

(01:10:20):
And so you do have a lot of variety within
the different age groups. But at the end of the day,
if you can have a product that is safer, so
basically better than you at driving in terms of safety,
and it can be incredibly low cost, then the result
is just a product that makes a lot of sense
to every age group. Frankly.

Speaker 2 (01:10:39):
And then when you've done it, Dave, then what for you?
What's next when we've.

Speaker 6 (01:10:45):
Solved such Oh I don't know, that's still a we
was Mike.

Speaker 1 (01:10:49):
You know, the startup.

Speaker 6 (01:10:50):
Experience has been an absolute right of a lifetime. It's
been incredibly difficult, by far, the hardest thing I've ever done,
but it's also been an incredibly fulfilling journey. So my
wife says, I'm going to start another company. I don't
know if I've got that in me. But there's still
a long way to go with getting this to scale worldwide.

(01:11:11):
You know, we lose one point two million people every
year in road accidents. Like there's a long way for
us to go to realize these benefits and actually put
a massive dent in that.

Speaker 2 (01:11:21):
All right, Dave, go well, appreciate it. We'll stay in touch.
Dave ferguson KIWI in San Francisco. As company is neuro
eight twenty two.

Speaker 1 (01:11:28):
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It's all at about Health oscar wimo. By the way,
they've begun testing in Denver and Seattle. They've got human

(01:12:38):
drivers in it while they do the testing, obviously, and
they've recently obtained a permit to test in New York City. Mike,
who incurs the liability cost could be a big part
of the subscription cost could be Those are questions that
aren't answered yet because people aren't thinking about this the
way they should be. Good interview with mister Ferguson Mike.
Good questions about insurance. What about insurance? Well, once again,
these are things that we haven't come across as yet.
Doesn't mean eventually people will be going out on a

(01:13:00):
Friday having quite a few wines and then able to
jump in a car which will drive them home. And
there's no legal implications of that. Once again, very good question.
They won't have an answer on that yet. Can it
navigate ninety thousand cones a day? Once again excellent question.
They probably haven't tested an autland, but they might need to.
Might call me a luddite by actually enjoy driving my car.
I don't want a Solve driver. Yep, And that's fine.

(01:13:22):
You can't. That's why some people buy blue things and
other people by red things. It's called choice. The Big
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and get me anywhere any time. When I was a teenager,
he set up an eight hundred number so that we
could call them for free if we were stuck or worried.
When I borrowed his car, one time it was munted
when a bus hit it. You sell trouble, Katherine, Sorry

(01:14:12):
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very nice of you to write him, Katherine, and your

(01:14:33):
dad Mark is going to be receiving a thousand dollars
from Chemi's Warehouse, the House of Fragrances, and he'll also
get a voucher for two hundred dollars. So I'd go
pik A Raban, just saying I'd go to the Pika Raban.
Why not? Anyway, you can choose your own fragrance for
Father's Day and we have one more chance? Do we
have one more chance? Can you enter today? For tomorrow.
Why not go to Newstalk Hevy Doco dott Ford slash

(01:14:56):
Win and we'll make the drawer and we'll present applies
tomorrow on the pro again. Twenty and all thanks to
our very good friends in Chemistry House twenty two minutes
away from.

Speaker 1 (01:15:03):
Nine International correspondence with Insieye Insurance Peace of mind for
New Zealand business.

Speaker 2 (01:15:09):
But we go Robert, good morning to you, Good morning
to you, Angela Raina, three pads. It's got to the
point surely, and the calls are out obviously, It's got
to the point surely where Star is going to have
to show some leadership here, isn't it.

Speaker 4 (01:15:22):
Yeah, you would think so. I mean he is damned
either way. She is the standard bearer for the left
and a working class voice which are in short supply
the cabinet, as you can imagine. But you know she
is trying to get away with saying that a tax
that she was advised by her tax adviser that she

(01:15:46):
didn't need to pay the full amount of stamp duty
on this house, which we knew she deliberately avoided pain
And you know she's the Housing Minister. You can't get
away with that. Pocketed forty grands, or at least avoided
paying forty grand treated the taxpayer. She is in real,

(01:16:08):
real trouble. The whole thing is now with the Independent
Examine on Parliamentary Standards Cabinet standards in fact lorri Ming Magnus,
and he will deliver his verdict sometime next week. In
the meantime, Stana has to decide whether he does what

(01:16:30):
he's done in fairness all the way through his tenure
as leader of the party, which is as soon as
anyone steps out of line or does something bad. Second,
he has been very very resolute on that. But can
he do it now? It's not looking good for him,
It really isn't.

Speaker 2 (01:16:46):
She went out and tried to explain divorce the advice
you mentioned sun with special needs different anyone buying that
or not.

Speaker 4 (01:16:56):
Well, Look, there is no doubt that she has very
difficult ter home circumstances in many ways because her son
was born prematurely, very prematurely, and also blind and has
educational special needs. And you know, she is effectively a
single mum. No one doubts the fact that she has

(01:17:19):
overcome great hardship to get where she's got. But you
know she wasn't terribly clear about what house she owned
a couple of years ago when she was under the
microscope for renting out the wrong house, not being clear
about what house was her main home. And she's done
it again now to the tune of forty grand. The

(01:17:40):
patience is wearing very very thin.

Speaker 2 (01:17:42):
Who's in more trouble her for the specific crimes or
Reeves for announcing the budget date while the bond market
tanks and she must be quaking in her shoes to
come up with something that will convince the world that
she knows what she's doing.

Speaker 4 (01:17:57):
Yeah, but there is nothing that she can do because
almost everything that is required to be done to the
economy to make it grow again is the precise opposite
of what they put wants to do in the budget.
She is absolutely handstrung. Ironically, she's going to stick around.

(01:18:17):
You know, there have been chances for Starma to get
rid of Reeves before and he hasn't. I mean, that
first disastrous budget a year ago should have been punished somehow,
because it really was that that National Insurance whacked on
small medium business enterprises really really wrecked the economy. But

(01:18:39):
if anything's going to happen she's going to wreck it
still further made.

Speaker 2 (01:18:42):
That's the problem, Graham Lynan, and this a risk? Is
it about it being trends? Is it about the fact
it's on social media? Elon's and jkas And how does
this unfold and where does it go?

Speaker 4 (01:18:54):
It's really not good. It's a constant, constant and cry
from America, particularly from JD. Vanzaninil Musk, that we have
lost freedom of speech. Basically, Graham Anon said that a
trans woman who goes into a woman only space is
committing a violent and abusive act and you should call

(01:19:18):
the police or punch him in the balls as she
put it. As he put it, Why that would provoke
five armed police officers to arrest him at hethrow airport
tells you where we are with Britain today and freedom
of speech. It is remarkable. And even those who would

(01:19:39):
normally travel at some of gram Lenehan says. And Lenahan,
of course a brilliant, brilliant writer. He wrote Father Ted
and contributed to Brassa in the it crowd, has had
his life ruined by the trans lobbyists. But even those
who don't like him very much, and I would assume

(01:19:59):
Kirstarma wet street to fall into that of Korea, saying
the police have got better things to do than this, surely.

Speaker 2 (01:20:06):
Yeah, all right mate, we'll see you next week. Rod
Little out of Britain, by the way, Scotland who's scrapped
peak train prices, which dovetails into the story I told
you last time I took to Rod, which was Wales
giving young people free buses. The whole idea is that
peak times don't work anyway, because everyone works from home
in that part of the world, so the whole thing's
a complete waste of time. But what I do not
in an increasingly sticky big country is they've decided they're

(01:20:28):
going to try and ban under sixteens from buying Red
Bull and other drinks like it Monster and all that
sort of stuff. These a voluntary thing at supermarkets that
they sort of enforce it, but then they don't, and
a third of people under sixteen drink this crap anyway.
So I don't know that making a rule or a
law is going to do anything, But there you go.

Speaker 1 (01:20:49):
Sixteen two The Like Asking Breakfast Full Show podcast on
iHeartRadio powered by News Talks.

Speaker 2 (01:20:56):
At be thirteen Away from Now Mike in New Zealand Flight.
I watched a doco called Keewis Born to Fly Too.
It's an amazing quite inspirational you definite need to watch it.
I have and I mentioned it on the program about
a month ago, and it's very good. It's mainly the
Keevy's Born to Fly one and two and both are
good and it's got to do with New Zealand motorsport,

(01:21:18):
different businesses you've never heard of, behind the scenes, people
who make gearing and so it is. It's a fascinating
documentary well worth looking up. Mike. My daughter works in
the tap room at the Garage Project back to the
beer earlier on Garage Project taking over the founders. She
absolutely loves it, so obviously there's an amazing vibe there
created by bloody good management. So the point I was
trying to make at the very start of the program
today he was too nice when he was on the

(01:21:40):
program from Garage to say, you know, maybe just the
business model did and work, whatever the case may be.
But you can't hide from the fact that even in
the most difficult of economic times, there are people who
excel in areas where others don't. And you've got to
ask yourself. That's how you learn. You ask yourself, why
is it they're doing well when there are others seemingly

(01:22:01):
doing the same thing that aren't. Mike, I survived dry
July on tiny, tiny, zero point five percent alcohol, So
I'm afraid to tell you that that wasn't dry. And
I don't care whether it was July or not. You
can't say it was dry July when you're drinking zero
point five percent alcohol. A stickliff effact. I did read
funnily enough. Erdinger the brewery set up in the eighteen

(01:22:22):
eighties and Germany, this whole alcohol free thing's gone off.
It's going off, particularly in Germany. And if it's going
off in Germany, it's going off everywhere. Sales are up
one hundred and nine percent, or demand is up one
hundred and nine percent since twenty thirteen. A quarter of
their production these days, Irdinger our biggest brewery in Germany.
The quarter of their production is now these days non alcoholic. Now,

(01:22:44):
can I just ask you this question? So the police
don't stand sell them. So Stuart Copeland's coming to the
country on a spoken tour, a spoken word tour, and
I just and I'm looking at a photo of Stuart.
So there's two things. If you haven't followed the police lately,
he and his other mate Andy are a suing sting

(01:23:07):
over the music. Bands are a pain, aren't they? I mean,
you know, really the artistic side, if not the business side,
is going to get you. Eventually they claim their own
money from the music. Sting goes it was all me.
Now Stuart doing a spoken word to her because he
needs the money or because he wants to do a

(01:23:28):
spoken word to her. Second question is is this my future?
So when I finally get booted out of this place,
which honestly can't be long, now am I going to
do a spoken word to her? And does it sound
less weird if I do a spoken word to her?
Because this is all I do for a living is
sit here speaking. I mean, I'm literally doing a spoken

(01:23:48):
word to her right now. Actually, if I'm not leaving anything,
I'm not going around the country. But Stuart is not
known for a spoken word tour. He was singing songs.

Speaker 8 (01:23:55):
Surely the equivalent would be if you went around doing
a drumming tour.

Speaker 2 (01:23:58):
Good question, good point. So if I suddenly say, Hosking's
coming to town to you know, show you what he
can do with a snare drum. Are you buying tickets?
So Stuart Copeland's coming for a spoken word tour in
the early part of next year, in January. He's going
to various parts of this country which will be exciting.

Speaker 8 (01:24:14):
Well, also, you've never really been part of a band.
Well that's the other thing.

Speaker 2 (01:24:18):
But look at what happens. That's why I haven't been
part of the band. Look what happens. That's my warning.
So that was a warning about joining a band and
then falling out with people, but also an advertisement Ford
Stuart Copeland, who's coming to the country.

Speaker 8 (01:24:33):
So and you're forthcoming exactly to a slash album, Slash
something for.

Speaker 2 (01:24:39):
Something for everyone. Nine away from nine the.

Speaker 1 (01:24:43):
Make Hosking Breakfast with rainthrow bern Us, Tom's Dead.

Speaker 2 (01:24:46):
B once again. I think I said this this time yesterday.
If only the stuff behind the scenes made it to
where we'd be really sick. Well, now, if you're thinking
about hearing aids, by the way, this is a year
three sixty which I've told you about this week. This
is good stuff. This is from Resonate Health, right, So

(01:25:06):
this is your ideal starting point because it's not a
quick sort of pass failed test like the other three
tests from other providers, forget them, deal with the experts.
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and it's about understanding what's really impacting your hearing and
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(01:25:26):
Eight hundred Resonate is the phone number, eight hundred Resonate
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(01:25:47):
in twenty nine months, right through a recession, and their
hearing aid subscription is super simple, so ninety dollars a
month covers the top of arrange hearing aids support and
upgrades every three year. So you don't want to wait
on this one move now. Eight hundred Resonate or go
to resins innate health dot co dot m Z asking.
Remember the other week I suggested the answer to our

(01:26:08):
key we save a problem was to make it compulsory.
I mean, I don't personally want it compulsory. I think
it's a stupid idea, But if you want to solve
the problem, compulsion is the only answer. I'm reading just
yesterday some people at the University of Auckland Pensions and
Intergenerational Equity Hub are calling for compulsion. So we might
be onto a thing. Five minutes away from nine.

Speaker 1 (01:26:27):
Trending now with chemist well House, great savings every.

Speaker 2 (01:26:32):
Day, pick off tomorrow. NFL cannot wait. It's Eagles Cowboys.
The YouTube billionaire Jimmy Donaldson, who we all know is
mister Beast. He and Roger Goodell or Goodell who's the commissioner,
put out a video. It's called I Bought the NFL.

Speaker 15 (01:26:45):
Here it is today, Markston historic First, the NFL is
now under the ownership of one individual, Jimmy Donaldson, mister Beast.

Speaker 1 (01:26:58):
Thank you, thank you, thank you.

Speaker 19 (01:27:00):
Everybody that is right. I officially own the NFL, and
I think it's time for some changes. So for my
very first change, you're going to be changing the rosters
from fifty three players to fifty four and giving that new.

Speaker 1 (01:27:15):
Roster spot to a YouTuber. No, Jimmy, we can't woo
all right.

Speaker 19 (01:27:21):
Well, for the first time ever, Chargers Versus Chiefs.

Speaker 1 (01:27:23):
Will be live for free on YouTube.

Speaker 12 (01:27:26):
Make sure you watch it.

Speaker 2 (01:27:27):
It's literally free. Why not September fifth, So it's interesting
Charges Chiefs and that's the game in Brazil, by the way,
it'll be the first exclusive NFL game to be streamed
for nothing. NFL Sunday Ticket, by the way, is on
YouTube TV. You pay six hundred and forty three dollars
for that for the season. You get most of the games.
I've told you before, and I've complained before it's a

(01:27:47):
convoluted business these days, and including the NFL. And we
can get it in TVNZ plus run some and ESPNS
run some, and you can get some on a Thursday.
Then you can get some on a Monday, and then
some on a Tuesday. And and it's on Disney as well.
And if you go on Disney, you go, well, hold on,
where do they get it from? Whoops? They own ESPN.
Then you say, well, I've got Disney and I'm paying
for Disney. Why am I paying for ESPN? And then

(01:28:08):
you've got to get up at two thirty in the
morning to keep working to pay for all this crap.
That's how that works anyway. It's all kicking off tomorrow.
NFL season cannot wait, super super exciting Hard Knocks by
the way, on HBO is coming up spoke if you
haven't watched that, that's a good series. They mbent themselves
in a team and this year's teams the Buffalo Bills,

(01:28:29):
and I've totoughly enjoyed that. I've thoroughly enjoyed the morning
as it happens otherways tomorrow from six as always, Happy Days.

Speaker 1 (01:28:37):
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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