Full Show Podcast: 06 June 2025

Episode Transcript
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Speaker 1 (00:00):
New Zealand's home for trusted news and views.

Speaker 2 (00:03):
The Mike Hosking Breakfast with the range Rover Villa designed
to intrigue and use Togsdad.

Speaker 3 (00:09):
B Bonnie was him today We got there with the
Maori Party. Shane Jones on how Badly and France We're
running out of ghas the Ird Commissioner on chasing money Oden,
there's a lot of it. Tim Katy d the week,
of course, we'll talk to the chiefs about the playoffs.
Richard Arnold Murray Old's day Tony up as well asking
Welcome to Friday morning, seven past six. So I've struggled
with a couple of authors this week, Jacinda Adern and

(00:30):
Jake Tapper. What I struggle with is one of them
is making money out of the fact they made an
astonishing hash of their job, quit and bailed out of
the country, and are now collecting the day for retelling
what happened in a way that would suggest no carnage
was left behind. The other is making money by exposing
what he watched unfold in front of his eyes for
four years and really did nothing about. I'm not sure
who the bigger fraud is. The Odern book is widely

(00:52):
traversed and has been marketed very well internationally. Cadie showed
me a snippet from Oprah this week on social media.
Let's be frank, Postwary watches in a zempic, not exactly
reputationally untouched herself, whose fascination with Adern appears to be
around kindness. I bet you anything you want. Oprah doesn't
have the slightest idea about how the country was wrecked
under a dern. She sees what Adirne wants you to see, fragile,

(01:14):
huggy people who run things on good vibes. Meantime, at CNN,
I got no idea what Jake Tapper was watching between
twenty twenty and twenty twenty four, because we all watch
the same thing, except CNN wasn't spending a lot of
time saying, hey, have you noticed the old guy's getting
worse by the day. Given that was CNN's job, is
it any wonder they rate the way they do. But
for Tappa to then go out and monetize what he

(01:36):
was already allegedly being paid to do seems a new
low of sorts to me. But back to Adern. In
one review, David Cunliff, former Labor Party leader, runs the
classic line I have a different recollection. This is in
response to Aderne's attack on him, whereby she essentially calls
him a fraud and how she couldn't understand how he
got the top job and not her mate grunt. You

(01:56):
had to, she said, probably in tears, question his authenticity.
Are you serious? Authenticity, Jacinda Markle. The only bit of
marketing that seems to have been missed, along with the
handwringing interviews on Radio New Zealand and TV and Z
this week, is some of Dern jam. If she had
just been useless, it might have been all right, hopeless

(02:18):
but didn't break the china. But she wasn't. She was dangerous.
She was the pulpit of truth. She was a control freak.
She was a narcissist, dressed up in Kates Sylvester pretending
she wrote back to all the kids. She wrecked the
joint and then collected the dough. In Boston, Tappa and
Adern making money for failing to do their job. There
should be a law against it.

Speaker 1 (02:39):
News of the World in ninety seconds.

Speaker 3 (02:42):
Good Like from Germany. He popped in for a yellow
chair session with Donald Washington.

Speaker 4 (02:46):
We are having so much in common our history. We
owe the Americans a lot. We will never forget about that.
And so with your German provenance, I think this is
a very good basis for close cooperation between America.

Speaker 3 (02:59):
And donok Coles has been busy last night. He just
down the hall in the office. He was busy chicking
Elon chedules.

Speaker 5 (03:05):
Foreign nationals who are not properly vetted, as well as
those who come here as temporary visitors and overstay their visas.

Speaker 6 (03:13):
We don't want them.

Speaker 5 (03:14):
We will not allow people to enter our country who
wish to do us harm.

Speaker 3 (03:19):
But back to today, we're a couple of things. Go
to ten Jamal, the gym and blug just well basically
looked on one was the spry from Elon. I have
a big, beautiful bill.

Speaker 5 (03:26):
Elon knew the inner workings of this bill better than
almost anybody sitting here, better than you people. He knew
everything about it. He had no problem with it. All
of a sudden he had a problem. And he only
developed the problem when he found out that we're going
to have to cut the ev mint it because that's
billions and.

Speaker 3 (03:42):
Billions of dollars now Treasury Sicctorary Scott was in the room,
so he widened.

Speaker 7 (03:45):
So what we've seen is we keep hearing from the
CBO that there's going to be a large deficit from
the bill, which we disagree with. But using the CBO scoring,
they came out and scored the terriff revenue. We think
it'll be the minimum of two point eight trillion over
the ten year window.

Speaker 3 (04:03):
Meantime, Pete Hicksith, who has been in Singapore this week
with Judith Collins, has hited to NATO for a word
about spending more money on war stuff.

Speaker 1 (04:09):
There are a few countries that are not quite there yet.

Speaker 3 (04:15):
I won't name any names.

Speaker 8 (04:16):
We don't.

Speaker 1 (04:17):
It's amongst friends in that room.

Speaker 3 (04:18):
We'll get them there are. He's talking about the five percent.
The NATO secretary he seems on board with the five.

Speaker 9 (04:23):
I have a cunning plan for that. And a cunning
plan is that And this is different from what you
did with the Welsh blatch that nations will commit to
yearly plans, showing the English each year to make sure
that you come to the new targets of five percent.

Speaker 3 (04:39):
Yea, you call me when that happens. Finally, the original
burken bags up Rocken, not just Arth Burken, but James
Burke and the actual Burton the book and they talked
about on the plane all those years ago. If you
don't know the story, look it up. It's brilliant. It's
been on display in Paris, in Hong Kong, thousands of
people queue to see this thing. They got no idea
what it's going to go for, but it'll be a fortune.
Different by the way, from other Burkins. If you follow
the Burkens story, it's got JB to start branded on it.

(05:01):
The size, the straps are hard ware, the bottom starts
all unique to this particular bag. It'll sell next month
if you want a regular one. By the word, it's
about twenty grand. And basically you're going to buy a
whole lot of other stuff from them airs and then
you get invited to buy one anyway as us the
world in ninety ECB European Central Bank, what have they
done overnight where they've cut the interest rates? Why because
things aren't moving eighth time and over a year gone

(05:22):
from two point twenty five down to two. Inflation's ease,
but they got all this uncertainty, all this tariffs and
whatever growth this seeing is probably going to slow. Twelve
past six.

Speaker 2 (05:33):
The Mic Asking Breakfast Full Show podcast on iHeartRadio Call
It by News Talks e B.

Speaker 3 (05:41):
New numbers out overnight. Not surprisingly, the US deficit on
global trading tumbled. Imports fell off a cliff, fell sixteen
point three percent. And that's what happens when you do
what Trump is doing at the moment. The world doesn't
want to trade with you anymore. Fifteen past six, right
from j my Wealth Andrew kellerher a very good morning,
Very good morning, Mike. Now building where I've done? Now,

(06:03):
this is not consent, which is different to swinging hammers.
This is swinging hammers. So what are we doing?

Speaker 6 (06:08):
This is right?

Speaker 10 (06:09):
And so we keep looking for the signs that the
economic mentum is turning, don't we, And long I suspect Mike,
the evidence is gonna it's going to end up being
an amalgam of various numbers, not sort of one shining light.

Speaker 6 (06:20):
But nonetheless, to use.

Speaker 10 (06:22):
A current cliche, we'll stay poking around amongst the weeds
looking for numbers until we see something. Now, yesterday, you're right,
stat's usually on release. This it's called building work put
in place. So it's the other side of building consents
is what actually gets done. And Mike, I'm asking the question,
is there a flicker of the flame here? Are we
spark because there could be. The trouble though with the

(06:44):
start is a little dated. It's from Q one, so
it's pre the sort of trump tar of Tornado. So
when we look at building activity in total, you combine
residential non residential building activity was flat, so seasonally adjust
to total building volume zero point zero percent. But it
gets interesting when you look at the breakdown. Non residential

(07:05):
looking week fell three point nine percent, but that was
offset by a move in residential construction and that could
be a shift. It's lifted two point six percent, so
the overall flat outcome was probably a little bit better
than expected. I mean, I think the market was expecting
it to be a little bit down. But this lift
in residential building work that's really caught my eye. Look

(07:25):
it's only one number, but could that be a start
of a shift? And I use my words quite deliberately
here because we can't call it a sustained lift yet,
but residential building hasn't registered left in quite a while.
This is the first quarterly rise since September twenty twenty two.
Now we're still massively below the peak in residential building.
I saw a number yesterday I think weich said we're
twenty five percent below the peak of residential building work.

(07:49):
And lots of people have left the industry. And let's
not diminish the importance of the three point nine percent
fall in non residential construction, which is concerning. But look,
building consents have stabilized. We know that, we know this
has fallen. Inchestrate that's in place. So we're just waiting,
and it feels like we've been waiting for a while.
But this, maybe this is the spark. My only concerned
mic is that these numbers are before the tariff tantrums,

(08:12):
and hopefully those tariff tantrums haven't taken the wind out
of the sales of what you know, could be a
little nascent recovery here.

Speaker 3 (08:19):
Okay, let's hope. So then we come to the gas, which,
of course we are reminded you again we don't have
enough of no, and.

Speaker 10 (08:26):
I look, look, I'm not an expert in the gas
sector and production. And I think you just said you've
got you might've got Shane Jones coming on to talk
about this later on.

Speaker 11 (08:34):
Here.

Speaker 10 (08:35):
I think this topic needs more light shone on it,
because yesterday MB announced that it expects annual gas production
to four below one hundred pedigals by twenty twenty six.
The important thing here is we didn't think that would
happen until twenty twenty nine. So the natural gas reserves
twenty percent lower than last review. Field operators they've been
reducing their estimates of gas readily extractable in the ground.

(08:57):
The government is trying to address the supply issue. They've
set aside two hundred million dollars to co invest in
new gas fields so they can take a commercial stake
of up to fifteen percent in new gas fields. You've
also got your investment boost appreciation. But the problem we've
got here, Mike, is that we made decisions, or the
previous government made decisions several years ago, that we are
now paying the price off. And when you've got long

(09:19):
term infrastructure like this, you have to have a steady
you have to have a steady decision making process because
if you change directions, very hard to come back. I
think Heather last night had an industry experit warning of
an energy shock. We use gas as a pretty important
backup for peak demand electricity unsurprisingly.

Speaker 3 (09:38):
I think you talk about this all the time.

Speaker 10 (09:40):
It's very important. If the renewables don't show up, I
think low hydro lately level, so no gas. What do
we have to do. We have to bring on coal.
But we have a problem here. It's coming at as
faster than we thought, and it is a problem that
will affect every single person in the country because we
all want to hit the light switch and the light

(10:00):
to come on.

Speaker 3 (10:00):
You would have hoped they thought about that when they
were running the country in twenty seventeen through twenty twenty three. Anyway,
what are the numbers before it gets done? As might quick?

Speaker 10 (10:08):
Congratulations, well done, great wars last night. You can open
an open a cheeky pino tonight. That's what I think
you should do.

Speaker 3 (10:14):
Okay, I will celebrate. I will right that I was
going to do anyway, but old I will.

Speaker 6 (10:18):
Yeah, but you can celebrate. It's always better when you're celebrating.

Speaker 3 (10:21):
Isn't it now?

Speaker 10 (10:22):
So the Dow Jones is down thirty three points forty
two thousand, three hundred and ninety four, so very small four.
The S and P five hundred down nine points five
nine sixty two. The Nasdaq is down seventy eight points,
which is point four percent nineteen thousand, three hundred and
eighty one. The forty one hundred overnight lost. Sorry, it
was up ten eight eight one one. The Nikke lost
one hundred and ninety three points yesterday thirty seven thousand,

(10:43):
five hundred and fifty five.

Speaker 3 (10:45):
That was half percent.

Speaker 10 (10:46):
Four Shangha compose it was up eight points three three
eight for the close there. The Aussie sorry, the inns
anex fifty up eighty two points six six of per
cent twelve thousand, five hundred and seventy seven on the
currency's kiwi dollar little bit stronger actually against the US
point six oh four to one point nine two seven
six against the ossie, point five to eight four Euro

(11:06):
point four four four eight against the pound eighty six
point eight seven Japanese yen gold three thy three hundred
and fifty two US dollars and break cruit sixty five
dollars and thirty cents.

Speaker 3 (11:17):
Yeah, good weekend. Catch up in a couple of weeks
because he's off on another one of his trips. Andrew
Kellah jomowlth dot co dot in z tasking. He's sight
into the value of sport globally these days. NBA reported
sponsorship money for the last year this season, just concluding
as we speak up eight percent to what I hear
you ask, well, four hundred and fifty brands entered into sponsorship.

(11:40):
That's as well as the seventy seven billion dollar media
rights diggle they announced this year. So just the stuff
you see on the jerseys one point six two billion
dollars is that a lot. It's not bad in the
NFL's two and a half billion dollars, two sports three
or four billion dollars. That's our roles six twenty one
News Talk z B.

Speaker 2 (11:56):
Good the My Asking Breakfast full show on iHeartRadio powered
by News Talks at be my gas.

Speaker 3 (12:05):
Is she wan about the home cooking and heating, let
alone the hospitality sector with restaurant demand. Don it's a
very good point. I hope that the media asks Chris
Hopkins relentlessly in twenty twenty six election a year about
the gas crisis that they engineered. Shane joneses later and
he was part of it, and he may culpos it
he was part of the government that said, oh no,
we're not going to have any more gas. Remember just
sinto ra Durn out of the blue from nowhere, went

(12:27):
down to Taranaki that fateful day and simply said this
stops now. And they said, but don't worry. There's going
to be windmills, and there'll be batteries and there'll be
all that cool stuff, and we'll solve all our problems.
And yet here we are years later, as she sits
in Boston clipping the ticket on her book importing coal.
We've never imported coal. So the entire purpose of the
exercise renewable energy, clean atmosphere has been blown to smithereens

(12:53):
through their sheer political and economic incompetence.

Speaker 2 (12:58):
It should be six twenty five trending now with Chemist
Warehouse Celebrate big brands and legas savings Now.

Speaker 3 (13:07):
Movie trailer News Wicked for Good. Most view trailer in
the first six hours of dropping so far this year?
Is that a stupid stat or what the most viewed
trailer in the first six hours? What about the first
seven hours? Does it drop off after that? What happens then? Anyway?
This is a two parter. Part one pulled in seven
hundred and fifty million worldwide, broke over ten musical related
records at the box office.

Speaker 11 (13:29):
A wonderful Wizard of Oz.

Speaker 12 (13:32):
No one believed in you more than.

Speaker 1 (13:34):
I did, Alphaba.

Speaker 3 (13:40):
They're coming for.

Speaker 1 (13:40):
You for Wather. I thought you changed.

Speaker 3 (13:44):
By James's time for both of us to flow.

Speaker 1 (13:55):
Because I know you. You're the only friend I ever had, because.

Speaker 13 (14:01):
I knew, and I've had so many friends.

Speaker 1 (14:04):
I'll love to see The Wizard.

Speaker 3 (14:09):
Saw it in Broadway. I didn't. We went to the
ticket office, so I don't want to see this, so
they went. I didn't, and I sit here this morning.
I don't think I missed it. Ariana Grande's Cynthia Alivo,
Jeff Goldblum, I like Jeff Goblum. It will also feature Dorothy,
the tin Man, the line the Scarecrow, but we don't
know who's going to be playing those parts. There were
some photos of Taylor Swift this morning. Is Dorothy, but

(14:31):
that was AI got to watch that AI. I reckon
the AI is going to be a thing. I reckon
it's building into something. Remember where you heard it first
some cinemas in No. Twenty one November. I've got some
very good news this morning on manufacturing. If you follow
the p of I and stuff like that's been bubbling
away and it's been going up and up and up and up,
and you think things this is good. So you know,

(14:51):
some of the mood around the country isn't good, but
manufacturing seems to be good. Then all of a sudden,
we get the quarterly numbers out this morning. The thing's booming.
Manufacturing country is booming. So we'll go through the specifics
in just a couple of moments.

Speaker 1 (15:04):
Setting the agenda and talking the big issues.

Speaker 2 (15:07):
The Mic Hosking Breakfast with Bailey's real Estate, your local
experts across residential, commercial, and rural news Togsdad be from Trumpville.

Speaker 3 (15:16):
I'm sure you're aware of what's happening at Harvard. They're
looking to choke off They're banning anyone coming from anywhere
in the world to go to Harvard now, and that'll
include New Zealanders of course. They're looking to choke off
the funding completely. Meantime, the education departments threatening Columbia, these
countries that you can't come from anymore. It's really just
an extension of what he tried to do back in seventeen.
It was seen as Muslim or anti Muslim back in
seventeen because it was Arak Siria Iran Saddan, Libya, Somalia,

(15:40):
and Yemen. Problem with it was and it will be
the problem this time. Not everyone who comes from those
countries is a problem. There are business people, there are tourists,
there are students that are family members, there are faculty
that are all sorts of things. So the countries this
time are Afghanistan, burmich Had, Republic of Congo, Ecuadorial, Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan,
and Yemen. Starts as of midnight Sunday or one minute

(16:02):
past midnight, in other words, Monday morning at twenty ten
minutes away from seven and the inevitable falling out between
Elin and Trump's on folding as we speak to Richard
Arnold more on that. Meantime. Back home, more good news
on the economy in our manufacturing sector, so we see
revenue and profitability is up for the first quarter of
this year. So we've got revenue up seven and a
half percent, profitability up thirty Food and beverage and building

(16:23):
industry they're the big winners. EMA's head of Advocacy, Finance
and Strategy, Ellen McDonald, is back with us. Ellen, very
good morning to you.

Speaker 14 (16:30):
Morning my King, congrats on another award.

Speaker 3 (16:32):
You're very kind, Thank you very much. So when I
look at the PMI as I do, is that reflective
of what's actually going on, along with things like the
confidence measures that seem to be all over the place.

Speaker 14 (16:43):
Yeah, I think that that corner that we keep turning, well,
it's still some way off. All the indicators are heading
in the right direction, and this latest survey kind of
it just reinforces the trend. I think that you're seeing
in the PMI and you're seeing in some of the
other confidence indicators, which are all saying that a bit
further down the track things go looking much better. But

(17:03):
I think the key to that is a bit further
down the track.

Speaker 3 (17:05):
Okay, do we have a trend at this point? Because
I know this pm is up at least four months
in a row, isn't it.

Speaker 14 (17:12):
Yeah, coming off a low base unfortunately, but I think
that the confidence is returning. It's still pretty patchy, and
I think in the latest survey it highlights, for example,
the food and beverage industry, and when you look at
say that, you know, Apple and Peer returns had a
billion for the first time, dairy record prices, red meat
going strongly. Zespri with a record crop and high prices

(17:33):
as well, you would expect some confidence in that sector.
It also happened to be at a celebration of the
space industry earlier. We can Peterbecks reporting a six hundred
percent boost in revenue year on year.

Speaker 3 (17:47):
It's an amazing number. It's good to be able to
talk in a country of five million people of a
space industry. A couple of numbers at you beverage manufacturing
revenue doubled to two hundred and forty five thousand for
the quarter of food manufacturing up one hundred and thirteen percent.
So what your saying is, yeah, those headline numbers look good,
but they're off low basis. Is that what you're saying.

Speaker 14 (18:04):
Yeah, And I'm not quite sure on the sample size
because that particular study has done over three countries and
fifteen hundred businesses. So I think it's more important that
it reinforces the trend light rather than the content.

Speaker 3 (18:16):
Because here's the text, and this will give you some context. Morning, Mike.
You're saying manufacturing New Zealand's booming. What drugs are you taking?
Managing a sizable manufacturing plant, which is one of five
in New Zealand. I can assure you it's in survival mode.
It's not likely to end well for several hundred people
at one plant. Is that real or not?

Speaker 14 (18:34):
That's very real, And that's what we're seeing on the
ground still is that, as I said earlier, it's still
quite patchy. And I know a lot of our manufacturers
are keeping a very wary eye on the energy pricing
because another winter with those massive spikes. Now we've gone
from energy pricing that was internationally competitive to actually shutting
our own businesses. And when we're paying large manufacturers to

(18:57):
feed energy back into the system instead of actually making stuff,
so they're feeding back into the system to keep other
people afloat. That's just that does these things are badly wrongly.

Speaker 3 (19:06):
Oh, I don't want to make it too political, but
I mean ty was in the news for that very
reason this week. But when you cut off exploration of
gas as they did as a prevent government did, I
mean that's bought. It's not only negligent, but it's it's treasonous,
isn't it? Because you must know that this is the
outcome when are going to.

Speaker 14 (19:23):
Live through, well, no economies cope with sudden shocks like
that or any sudden shock very well, and you've only
got to look at the uncertainty that the White House
is creating around the world to see that.

Speaker 3 (19:33):
Yeah, all right, mate, you have a good weekend. Appreciator,
Alan McDonald, the EMA head about because he financed and strategy.
Do you think anyone's going to Holdhipkins to account for
that because he's the last one left. Of course, you
would ask Sindra if she could be bothered leaving Boston,
or you'd ask granted be came out of his cloistered
environs of a Tago. But Hipkins is the last one
left standing watching the coal pile into the country, and

(19:53):
Ty was in the news. Didn't get covered enough this week.
T Y was allowed to go back and do regular
business because they couldn't do regular business because the deal
they have with Meridian means they have to curtail their
production because we don't have enough power to run this country.
Eighteen to two, Husky, bring time that idiot who's running America,
TIMU and Shine business is down. This is for us

(20:16):
Daily active users on team has drop fifty two percent.
Who's the winner in that? So maybe he wants to
stick it to China. So you're saying, oh, look at
Tim who they're not doing business. So what about your
average American who wants to buy something, whether it comes
from China or not, and they're not doing it anymore
because they're going to get ping because he's dreamed up
some weird economic theory. More from Richard Shortley.

Speaker 2 (20:36):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 3 (20:41):
B been a very good week for aviation in this country.
In New Zealand announced those three routes big planes or
bigger planes going on jet services around the country, so
that's good. In Singapore yesterday they're bringing back the A
three eighty over summer to Auckland Jan through March. You
can't get enough A three eighties. And if you've never
been on an A three eighty, get yourself on an
A three. So Imirates run the eight three eighty, and

(21:01):
of course Singapore run the eight three eighty, So that's
good news. So more services, more seats, more choice, more competition.

Speaker 15 (21:07):
Six forty five International Correspondence with Ends and Eye Insurance,
Peace of mind for New Zealand business.

Speaker 3 (21:13):
Richard Arnold, morning's good So I was always going to
end in tears, wasn't it in one way? So I
wasn't think no, who would have predicted?

Speaker 16 (21:20):
I mean, well, everyone would have predicted right this bruising
break up. In fact, everyone did, and now it's happening.
Without me, Trump would have lost the election, tweets Musk today.
He spent a course more than two hundred and fifty
million bucks US on the Trump reelection bid. Such ingratitude
rights Musk. This after President Trump laid into Elon during
an Oval office meeting today with Germany's new Chancellor Fredrich Metz.

(21:43):
After Musk tweeted kill the Bill, the budget plan that
Trump has made the centerpiece of his legislative efforts, Trump
was quiet for a couple of days. Well now he's
letting it rip. Trump posted on social media, I'm very
disappointed in Elon Musk. I've done a lot for him.
Trump then rolled out a series of attacks on Elon,
whom he says didn't have a problem with the so
called big beautiful Bill until he left the White House

(22:04):
just the other day.

Speaker 5 (22:05):
Elon and I had a great relationship. I don't know
well anymore. I was surprised.

Speaker 16 (22:11):
Trump then gave a behind the scenes account of Mask
appearing at his White House farewell last week with a
black eye given to him. Your recall, according to Mask
by his four year old son named X a twelve
little X for short. When Elon says, he told his
child to punch him in the face and he did.

Speaker 1 (22:30):
Let's review.

Speaker 16 (22:31):
So his account of it.

Speaker 5 (22:34):
Was a man who was very happy when he stood
behind the oval desk, and even with the black eye.
I said, you want a little mecup, We'll get you
a little mecca, but he said, no, I don't think so,
which is interesting.

Speaker 16 (22:47):
Yeah, it's not an oval desk. It's rectangular, the resolute
desk named Oak from the British exploration ship of that name. Anyway,
Trump went on in respect of all of.

Speaker 1 (22:58):
This, people leave my administration.

Speaker 5 (23:02):
And they love us, and then at some point they
miss it so badly, and some of them embrace it,
and some of them actually become hostile.

Speaker 1 (23:12):
I don't know what it is.

Speaker 5 (23:13):
It's sort of Trump derangement syndrome, I guess they call it.
But we have it with others too. They leave and
they wake up in the morning and the glamour's gone.
The whole world is different, and they become hostile.

Speaker 16 (23:27):
Trump derangements syndrome the American president and the world's rich
is man over splitting over the issues. Trump says Elon
Musk was teed off that they eliminated the EV electric
vehicle incentives from the budget bill and refuse to name
Elon's mate to head the NASA Space Agency. Musk crony
Jerrett Isaacman, a Democrat, fumes Trump, adding that he Trump

(23:47):
won the election and gets certain privileges in relation to
this stuff. Again, Musks is such ingratitude, leading the Daily
Show Company team to assess what Elon got for his
political contribution.

Speaker 17 (23:58):
Let's review all that Elon Musk has gained from his
two hundred and eighty eight million dollar investment into this presidency.
One hundred million in NASA contracts, he got to freeze
forty federal investigations against his companies, fired anybody who could
regulate or tax him, and he got the President of
the United States to plug his car company. And Trump
almost pronounced its name correctly.

Speaker 6 (24:21):
He love Tessler.

Speaker 16 (24:25):
Muskenty Trump budget they discuss the abomination, says he is
only concerned about the country, not about money. Perish Ha
thought the budget plan still combines more than four trillion
in tax cunts and others spending with less than two
trillion in cuts to healthcare and food aid for the poor,
leaving a two point four trillion additional deficit blowout, say
the experts, on top of existing thirty six trillion US

(24:48):
national debt. How'd the phone call go with you, Well,
they say it was an excellent phone call. That's what
they say about pretty much every one of these things.
Busy time for Trump dealing with foreign leaders. He spoke
with she for about nineteen minutes on trade issues, was
their first director chit chat since the Trump tariff battles started.
The talks occurred at the Americans request. Trump then posted

(25:09):
that the Chinese leader is quote very tough and extremely
hard to make a deal with. The current US tariff
on Chinese goods is thirty percent down one hundred and
forty five percent.

Speaker 18 (25:18):
Initially.

Speaker 16 (25:18):
The two men agreed to visits in the future at
times not given. They've said they want to revive trade
talks after the US accused Beasing of violating their recent
Geneva agreements. Trump also spake with Russius Putin, who declared
he plans very strong retaliation against Ukraine for that attack
this week on the Russian planes the bombers. Trump then
compared the war to will fight between two little kids

(25:39):
who hate each other, saying sometimes you just have to
let them fight it out for time before they can
be peace. Asked about further US sanctions on Russia, Trump
again gave no timetable, but says he will know within
himself if and when it is time for a tougher
US policy.

Speaker 3 (25:54):
Yes, grasshopper, OK, have a good one. We'll see you Monday.
Richard Arnold State side Team to seven.

Speaker 2 (25:58):
The light Hoskill break with the range Rover Villain news
togs had been I.

Speaker 3 (26:03):
Told you this yesterday and Nintendo's flagship switched to It's
gone off special store openings around the world. There's a
shortage already in Japan. I think that's very apple. That's
what they do, isn't They make two of them and
then they say we've run out and they've sold out,
and everyone goes, oh, man, I want one of those. Anyway,
They expect to sell fifteen million. Has had a lot
pretty good. They've sold one hundred and fifty two of
the original switch.

Speaker 13 (26:21):
Now.

Speaker 3 (26:21):
I did the numbers yesterday because the eight hundred bucks here,
they are four to fifty in America and at yesterday's
exchange rate I came to low sevens. So where's the extra?
Come on, where's the extra that's gouging? Probably could be
a levy.

Speaker 6 (26:39):
Flooded.

Speaker 3 (26:39):
It'll be the trucks at Auckland Port. So when it
arrives at Auckland Port and they got to put it
on a truck and it's on the wrong time, then
they got to add the extra. So by the time
it gets to Harvey Norman.

Speaker 6 (26:48):
And then it might get rained on or.

Speaker 3 (26:51):
Bit money is probably so. And of course the fact
that there was no power, I don't know that they
see something like that. Six away from seven.

Speaker 1 (27:00):
All the inns are the out.

Speaker 2 (27:01):
It's the fizz with business favor take your business productivity
to the next level.

Speaker 3 (27:07):
Now, speaking of power, which we had this morning, Genesis
started work yesterday on their one hundred and fifty million
dollar grid scale battery. This is at Huntley, so Huntley
is increasingly important to earn the grid. Their thermal assets
can currently deliver between fifty thermal is that what we
call in coal now? Is it? Their coal can deliver
between fifteen and twenty percent of our total electricity. Fifteen

(27:27):
to twenty percent. Seems an awful lot to be reliant
on coal, doesn't it. It seems remarkable that we'd run
an economy on that amount of coal. But there you go.
You voted labor. Don't blame me. Fifty percent of you
twenty twenty. You all loved it. You couldn't get enough
of it fully operational. Later this year it's one hundred megs.
Is that a lot?

Speaker 13 (27:44):
Not?

Speaker 3 (27:44):
Really, to be honest, Basically that is two hours worth
of power for sixty thousand houses. Now it's a load spreader, basically,
is what they're looking to do. So in other words,
you won't get the spikes on the spot price. It
won't theoretically. What won't happen is what happened last year.
I hope. Anyway, big picture, multi stage project to develop

(28:07):
a battery system up to four hundred megs. So, in
other word, it's going to go from two hundred mexs
to four hundred megs. They're goin to double. They're going
to do that by twenty thirty five. It's all part
of the planet. This little bit that makes literally no sense.
I'm quoting the bloke from yesterday. It's all part of
the plan to have sixty percent of our total energy
coming from electricity. Electricity can't come from electricity because it's
already electricity. It makes no sense whatsoever. So I don't

(28:30):
know what they're trying to say. Here's where we're really
in trouble though, and I've tried to say this to you,
but no one's listening. So Meta signed a twenty year
agreement to buy nuclear power from Constellation Energy two days ago.
It's going to begin in twenty twenty seven. They'll purchase
one point one gigs, not megs gigs of power from
Constellation their Clinton Clean Energy Center in Illinois. Without that deal,

(28:54):
by the way, the plant was in danger of actually closing. Meantime,
Amazon has thrown ten billion at new data centers in
North Carolina. They need to drive so crypto data centers
AI all need massive, massive amounts of power. New Zealand
has expressly stated we want to be a hub, a

(29:15):
home for data centers, and yet t Y can't even
run their business properly because we don't have enough power.
We're building little batteries at Huntley that'll give us two
hours for sixty thousand houses and maybe two hours for
one hundred and twenty thousand houses if we build two batteries. Meantime,
the world's moving on and multi billion dollar deals being

(29:36):
done in areas that we should be involved in. But
oh no, we're not interested in any of that because
we've got another shipload of coal to come in, so
we can just keep the old factory chugging along. There's
something dangerously wrong with the way we are doing all
of this Maori Party speaking of problems due to Collins
on that for you shortly.

Speaker 2 (29:54):
The Breakfast Show, Kiwi's Trust to Stay in the Know,
the Mike Hosking Breakfast with Vida, Retirement Communities, Life Your
Way News, Togsdad be.

Speaker 3 (30:04):
Well, seven past seven, so we got there. On the
end of the Parliament endorsed the Privileges Committee recommendation around
the Maori Party. Two of them are out for twenty
one days. Might be Clark who started it all as
out the seventier of the Privileges Committee due to the
Collins back. Well, that's very good morning to you, our
good morning Mike. What have you learned out of all
of this?

Speaker 19 (30:21):
Well, I've learned that you should always stick to your principles,
and it's very clear that the committee was I would
have thought pretty much almost universally appalled by what we
saw in Parliament and the six months of hearings, including
three tempts to get the three MP's to turn up

(30:43):
and to answer questions and to explain themselves, that it
was actually worth it. And it's about time that Parliament
realized that the public of New Zealand are appalled by
some of the they've seen in Parliament, including interrupting the vote,
looking seeming to threaten other MPs. Are certainly to try

(31:04):
and influence them, and I thought that see the committee
stood its ground in the majority.

Speaker 3 (31:11):
Indeed they did. It wasn't unanimous. Something was made at
that by the other side. Do they have a point
or not?

Speaker 19 (31:18):
No, they don't. The factors is that during those hearings,
all the meetings that we had over six months, I
thought there was a very genuine concern about the behavior
on that day and the fact that we weren't able
to hear the other side because they didn't want to
turn up. And what they did want to do is

(31:38):
to write us letters telling us the way we should
be running the committee, including turning into some sort of
public forum to discuss Tekana, which of course is not
what it's there for. It. The other thing is that
hearing Wi a Packer make all sorts of validations yesterday
in Parliament which are wrong. This is not about the Harker,

(32:00):
It's not about that. It's about interrupting the vote, finger
pointing in terms of there's a gun movement at three
act MP's. And it's also the fact that none of
the protocols were respected in Parliament, and there are protocols
on the Mariah. There's protocols in Parliament, protocols in the churchs,
mosques and schools. Whatever we do, we've got to follow those.

Speaker 3 (32:23):
Protocols, isn't it. I don't I can't work out whether
they want to get it or don't want to get it,
or do get it but just don't want to run it.
But I mean, in other words, I just don't take
them seriously. I just I'm so fed up and sick
of them. Well, I think they're not serious people.

Speaker 13 (32:38):
Do that?

Speaker 19 (32:38):
No, No, well they're not serious people. And Hannah, she's
only in the first term and very young, and obviously
we felt that she was very heavily influenced by the
co leaders who are now five years in parliament. They
know exactly what the rules are and they have been
They said that they did so, and it was clear

(33:01):
from what Hahnah said in public that she had been
has been arranged that Rawery Wayite would be the one
to tear up the build and started all off and
then they went and through it and hear it the
last minute. So do I feel she's been somewhat used?

Speaker 3 (33:16):
Yes, I do, just really quickly Haig Seth Singer poor
five percent defense China, Miles, all the stuff that you've
been dealing with in the last couple of days. Is
there something extra there that we don't know about as
regards China and attention in the world at the moment
or is that just because you all got together in
the room you expressed it.

Speaker 19 (33:35):
No, it's very tough at the moment, and I think
people should be very realistic about It's what we saw
recently with the very heavily armed and capable task group
that came down from China, that is just that that's
nothing compared to what the sort of tensions that are

(33:55):
going on in the end of specific I think it's
really important though for everyone just to be very calm,
measured and not to get too carried away. But every
country that we dealt with in Singapore is putting more
into defense and is taking this situation very seriously. I
think it would be very foolish not too and we

(34:17):
are taking it seriously.

Speaker 3 (34:18):
Well said, appreciate it very much, Defense Minister, due to
Collins also the head of the Privileges Committee. Of course,
eleven minutes past seven paskal as we've been discussing so
far this morning, as winter closes and we worry yet
again about whether the lights go on. So the news
the gas productions even worse than we thought. Production will
fall below one hundred peg of jewels next year. Previously
they thought that wouldn't happen till twenty twenty nine. Reserves
are down twenty seven percent compared with this time last year.

(34:39):
Resources Minister Shane Jones is with us. Good morning to you.

Speaker 6 (34:43):
Good morning.

Speaker 3 (34:44):
Without re litigating history, you were part of that calamitous
collaboration that decided to stop looking for gas in the
first place. When you sat around the cabinet table and
mister Dern thought this was the future, Did you guys
honestly believe that the renewable story would somehow be so
far advanced that you could do what you did, or

(35:05):
were you making it up as you went along?

Speaker 18 (35:08):
Well, I want to be very clear here. When Jasinda
and Megan Woods made that decision, that was a decision
as a captain's call, and a lot of backfilling happen
after that, and many respects. I have to take some responsibility.
I stood there and was at no time aware of

(35:28):
any paperwork reflecting the long term consequences. It was a
captain's call, reflective of the soft headed, vacuous nature of
Jacinda's entire leadership.

Speaker 19 (35:38):
Styff.

Speaker 3 (35:40):
So you haven't read a book, then.

Speaker 18 (35:43):
There'll be a thousand things that happened before I'm put
in the ground, and reading that book will not be
one of them.

Speaker 3 (35:49):
As far as solving our problem goes, the money you
put aside in the budget to take a stake in
whoever wants to go and explore? Is anyone going to explore?
Is that going to work? Do you think?

Speaker 13 (35:59):
Yeah?

Speaker 18 (35:59):
I'm off to sing poor at the invitation of a
variety of people attending a large assembly next week where
the investors are getting together meeting with a couple of
people who have said informally that they're keen to come
and do several things, not only charge on and look
for new opportunities, but work with us to create an

(36:21):
import facility. Now it may sound contradictory, but we've got
to do something in the short term because I know
that it's going to take several years before we open
up new vistas. And indeed a number of people are
keen to come back and have a crackdown on the
South Island. But it's such a fundamental decision. I want
to make sure that I don't misrepresent anything on behalf
of our society or government. And if people make a

(36:43):
commitment that their investments are protected and they can never
be squandered by the return of unicorn kissing fairyhead ideas
that somehow New Zealand by closing down industry is going
to save the planet.

Speaker 3 (36:56):
Good stuff, all right, I appreciate it. Go well, shine
John's resources. I will check up next time we get
Simion on the program, I check up. Whereas LNG idea
was remember last winter when we went through that they
were going to start importing Ellen Jed and know what
happened to all of that. We've got some vaping issues
to deal with in just a moment as well. At
fourteen past the Like.

Speaker 2 (37:14):
Asking Breakfast Full Show podcast on iHeartRadio powered by News Talks.

Speaker 3 (37:19):
At b I'm going to talk to the IID Commissioner,
and I'm fascinated with the work they're doing at the moment.
They're collecting up there who bring up money owed to them,
like there's been no tomorrow, so we'll find out why.
And they made an announcement yesterday they're chasing people who
haven't paid their tax. So we'll get some more details
shortly meantime, seventeen past seven, This Mess and Vaping studying
the Medical Journal shows nearly sixty percent of the vape

(37:41):
juices incorrectly label the amount of nicotine, not the way
you would have thought, because the majority have significantly lists
nicotine than advertised. Senior research power at the University of Otago.
Study author Dude balls with us on this Dude Morning,
good morning, sort of good and ironic way or not.

Speaker 20 (37:56):
Really, not really.

Speaker 21 (37:58):
I mean consumers need to know that what's in the
box is what it sees on the label. So both
under and over reporting of nicotine a problemation.

Speaker 3 (38:06):
Yeah, I get that part, but if you're not sucking
in as much nicotine, then you're not going to be
as addicted. Or does it not work that way?

Speaker 21 (38:11):
Well, people who are using baits to try and quit smoking,
if the nicotine is too low, then it's not going
to satisfy their cravings.

Speaker 20 (38:19):
They do it more, They.

Speaker 21 (38:21):
Could do it more, or they could just go back
to smoking, which is not a good result.

Speaker 3 (38:24):
The labeling. Is this deliberate or is the whole industry shonky?

Speaker 19 (38:28):
As good question.

Speaker 21 (38:31):
We don't know the reasons for this mislabeling problem, but
it is suggestive of widespread issues with manufacturing quality. You know,
New Zealand has detailed regulations about what can and can't
be in bake products. For example, there's upper limits about
how much arsenic, formaldehyde, lead, other heavy metals are allowed

(38:51):
in bates. So the fact that the nicotine levels are
way off it does raise concerns.

Speaker 3 (38:57):
Does anyone check the stuff?

Speaker 21 (38:59):
Yes, so this is where these results have come from,
their ESI testing results which have been done under contract
from the Ministry of the House.

Speaker 3 (39:09):
And having discovered this, do they do anything about it?

Speaker 21 (39:12):
Great question? So I think both the vape industry and
the regulator need to show that they're taking consumer safety seriously,
and there needs to be better communication about these results
and what's happening to try and fix the situation.

Speaker 3 (39:27):
All right, next time we get the Minister of Health
and we'll ask about that. Jude appreciate it. Dr Juball,
who's the senior research fellow at the Otaga University. Elon's
I don't know if it's the meds or lack of
the meds, or the drugs or the ketamenea. What's going on.
Elon was wearing thin. This is Trump twenty minutes ago.
Elon was wearing thin. I asked him to leave. Elon's
come back saying, ask me to leave. It's a lie

(39:49):
because of course we could only work for one hundred
WI He's referring to him to one hundred and thirty
days for the White House. Then here comes the truth
bomb real Donald Trump's and the Epstein This, this is
the real reason they've not been made public. Have a
nice day, DJT. He was on the island. Giselle all

(40:10):
know him, So let's see where that goes. Mark the
Week in a Moment seven twenty.

Speaker 2 (40:17):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by news Talks EV.

Speaker 3 (40:25):
Now have you been waiting for the perfect time to
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(41:07):
now thirteen hundred nationwide, no rain checks. Best price is
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Harvey Norman. You better be quick husky now seven twenty
four time now to make the week little piece of
news and current events that is the equivalent of a
knighthood for general knowledge advancement. David Seymour seven in Britain
debating as we speak, but last weekend ascended to the

(41:30):
Deputy PM's job, gave an excellent speech about what can
be as in our country. What our country can be
was uplifting and uplifting is good. Chris Bership seven was
that the music Awards and expressed an opinion people of
the left and the Peter like opinions not as uplifting.
Mitch Barnett three pros get injured, yes, but a season
end or is a cruel blow, especially given the warrior

(41:52):
is seven against a good site that made a comeback
of sorts on another day in another season. It might
have ended differently, but it did because Gary Stead eight
a herb, a nice guy who took the team to
better places and you haven't always been able to say
that about cricket. Stephen Joyce seven not the decent bloke
who got a good job this week and what must

(42:14):
have been the most over hyped agm of modern New
Zealand business history, roade cones six. You use the hotline yet?
Are the way who raised crossing two? Wat wat because
it's bollocks, but at least it's on hold the why
catto chicane too? Wat wat because it's bollocks and was
enacted with no consultation and half a dozen winers. How

(42:35):
can winers get given so much attention? Polls? One joke
of the week Buy a dart board and pretend it
means something. Six million seven our population. That's the prediction
this week. Six million people by twenty forty. I like
more people. More people bring growth. I've always thought we're
way too small. The grocery commissioner is six. What honestly
does he do? I mean has taken him two years

(42:58):
to do a study and then put some stuff out
for consultation. I mean, as you cheese cheaper? The Chateau
three bowl? It is it nice? Not really? Not anymore.
You can't trade on memories. If it was a thing,
someone would have bought it, and they haven't. The Radio
Awards eight Yes, the industry's big night last night once again,
news talk Z'd be one, Neba one, Marcus one hither
one station of their fifth year in a row and

(43:20):
you can't argue with that. Proving hard work, consistency, professionalism
and patching over the week bits leads you to good places.
And that's the week copies on the website. And if
you print two of these, by the way, glue them
together and cut out six small slots at equal distances,
you can see the aurora better. Pasky Mike elling is
financially not viable. I don't think that's the point. I

(43:42):
think they're looking at options. I don't think anyone ever
argued it wasn't expensive to do. But when you're in
the sort of position we are, you've got to do
something about it. Mike, ask simme and what happened to
the fast track on the Northern Motorway to Fungarray seems
like lip service. Yeah, is a joke. I'm off, Simeon.
I was on that motorway for the first time last weekend.
Under the new speed limit. The space need limit, which
has gone from one hundred to one ten, is only

(44:03):
for about three hundred meters long. It's literally for about
three or four hundred meters long. It's the biggest joke
in the history of speed limit. So you go one hundred,
then you go one hundred and ten, then you go
one hundred, and then you go eighty. Then when you
come out of the tunnel, you go one hundred.

Speaker 6 (44:13):
Well that's not good for fuel efficiency or environment.

Speaker 3 (44:16):
Couldn't agree more. But you're thinking. You're thinking, having gone
eighty and you're previously going one hundred and ten, you
go back to one hundred and ten. But you you
go to one hundred, So you go to one hundred
and ten. Some guy is going to be around the corner,
you know, the blue scoter is going to be around
the corner, and then they're going to pull you up
and then they're going to go aroundize it's one hundred,
and you go, well, no, it's not one hundred and ten.

Speaker 6 (44:32):
Men, where something chased down by a scoter?

Speaker 3 (44:34):
Couldn't it? Couldn't agree more, couldn't agree more. Saw a
guy the other day. So I'm tailing a cop and
I can see he's a cop because you've got a
blue scrot. Here's the clue, folks, it's blue Scota station
wagons with a couple of aerials out of the roof.

Speaker 6 (44:46):
Yeah, count the aerials.

Speaker 3 (44:47):
Watch the aerials. That's a cop. So I'm trailing the cop.
I think it's right. I'm not going to some dick
in an M two. He's got a new M two.
BMW comes up the inside lane, three lanes comes up
the inside. He's doing at least one hundred and twenty
five and I'm think you're a moron. Spot the blue
Skoda two areels blue Skoda. How hard is it? Mate?
Just top tips on the Hosking Breakfast. That's why were

(45:08):
reward winners. For goodness sake, the IRD are hoovering up
money that we owe them like never before. So something's happened,
something's changed at the IRD label. It's almost like they've
been told to get their act together and do good business.
So we'll have a look at this and see what's happening.

Speaker 2 (45:22):
After the News your source of breaking news, challenging opinion
and honored facts. The Mike Hosking Breakfast with the range
Rover Villa designed to intrigue and use Tod's.

Speaker 3 (45:34):
Ed B Unfolding scandal. It's just occurred to me, unfolding scandal.
Will's just turned up. Will is the ZB boss was
with us last night at the Radio Awards. Jason, Who's
the big Boss? Not here normally Jason is here, so
it's normally Jason and Will come in, we have a

(45:56):
chat about it.

Speaker 6 (45:56):
I assume that they flat together or something.

Speaker 3 (45:58):
Well, I thought they lived together, but having a bicycle
built for two. No, I didn't. I didn't. I didn't
have time to ask Will what had happened. But Jason's
not here. Jason comes to us with a reputation of
being really really heavy drinker. He claims he sort of
gave it up once he reached middle to senior management.
But he's not here. Interesting name. Do you know who

(46:19):
else is missing? Alders Alderson was there last night, not
here this morning?

Speaker 13 (46:26):
No Jason.

Speaker 6 (46:27):
Did they go off dancing with brad Olsen or something?

Speaker 3 (46:30):
Yeah, joining some dots, headling twenty two minutes away from
eighty Your car now? The idea back in what appears
to be a considered effort to hoover up the money
we owe them. There's a crackdown on unpaid tax. The
budget handed them an extra thirty five million dollars a
year to boost the tax compliance and collection activities. The
IRD commissioner is Peter Mercy, and he is, well, there's

(46:51):
Peter morning to you.

Speaker 20 (46:53):
Good morning mate.

Speaker 3 (46:54):
I must congratulate you, generally speaking, because I haven't spoken
to you as far as I know ever, but you
seem to be collecting huge amounts of money at the moment,
and something's happened. What's happened?

Speaker 20 (47:07):
Look, I think a couple of things. One is, about
ninety four percent of New Zealanders pay their tax in
full and on time, so we have a system that
works very well. It brings in the bulk of our tax.
But it's fair to say that through COVID we took less,
We took away our focus from some of our compliance activities,
and that was quite deliberate. As we came out of COVID,

(47:30):
so from the beginning of twenty three, we've started to
put greater focus on our compliance activities right across the board,
reminding people of their obligations, but actually doing a lot
more audits and investigations and making sure that you know
that we are there when they need us.

Speaker 3 (47:46):
Okay, So that's a nice way. But were you under
instruction to take it easy during COVID. Basically no.

Speaker 20 (47:53):
Look, I wasn't there at the time, but my understanding
was that because of the economic uncertainty that existed at
the time, it was very difficult to tell whether entities
were in financial strife because of an unusual event and
that they were fundamentally sound, or whether they were actually
not viable. Now, our legislation requires us to maximize revenue

(48:15):
over time, so if an entity is financially viable, we
want to help them back to get back to being compliant.
During that period, it was very difficult. So I think
one of the consequences of that, though, is that as
we started to ramp up compliance from the beginning of
twenty twenty three, not only were we finding those businesses
that during COVID, frankly you were not viable, but also

(48:38):
you get the double whammy because then the economic situation
at the time during twenty twenty three, twenty four, etc.
You have other firms that get into trouble. So there
was probably a bit of a backlog that built up
during COVID, but I don't it was very hard to
tell who was sustainable and who was not.

Speaker 3 (48:55):
There seems to be a technological leap in there somewhere.
Am I correct in saying that you said and have
got a new computer or something.

Speaker 20 (49:02):
Yes, well it's more than a new computer. We did
what was called business transformation, so a one point two
billion dollar change, which was more than just it. We
completely redesigned the way in which we think about tax
to try and make it a lot easier, a lot
more automated. It does mean that we can make tax changes.

(49:22):
For example, if the government makes, for example, investment boost,
we can make that change much more quickly than we
used to. But funderentity, it means that the computer and
our systems are doing much more automatically than they used to.
They can screen gest forms that come through, for example,
and identify those that are unusual, so we have much
better systems in place.

Speaker 3 (49:43):
Are you cracking down on the lay about students who
have scarped and not paid what they are.

Speaker 20 (49:48):
Yes, we had a particular focus on overseas student loan
borrowers last year. We've had a forty three percent increase
in the amount of money we've received in the nine
months this year as a result of that crackdown. And
you look, we're actively continuing to pursue conversations with those people,

(50:10):
many of them. Once we get in touch with them,
we can set up repayment arrangements and so on. But
look for those that deliberately choose not to make their payments.
We have whole range of strategies including contacting them as
they come back to New Zealand, and we do have
the potential to arrest them at the border if necessary.

Speaker 3 (50:27):
Where are we at the bankruptcy business and in the cycle?
In other words, are you seeing some sort of wig
through the worst of this or we still got some
ways to go in terms of people who are going
to go to the war?

Speaker 19 (50:39):
Yeah.

Speaker 20 (50:39):
Look, I think if you look at what's happening to
the economy more generally, we are starting to come out
of what they're of the recession, what you get from
the liquidations and bankruptcy perspective is you do get a
lag So I would expect to continue to see that
increasing over the next six to twelve months, really as
a lag out of that previous economic cycle. I also

(51:00):
think because we are putting more effort and focus into
that area, that has also listed the number of businesses
that find themselves in that situation.

Speaker 3 (51:09):
Not that this is real, but let me ask it,
because it's fun Friday anyway, If you could magic today
all the money that's owed, and that's all the student debt,
all the child support, particularly et cetera, how much is
out there to be collected.

Speaker 20 (51:23):
Well, that's a really hard question to answer, so we
don't really know the size of that gap. You know,
we know that people are us around nine billion dollars.
That's a lot of money. So even if everyone who
owed us money went through that process and paid it back,
that would be nine million dollars nine sorry, nine million
million dollars. So, yeah, there's a bit out there.

Speaker 3 (51:45):
It's a lot of money. Appreciate it very much. Peter Messey,
who is the he's the head of IRD, I must
say in my dealings with them in the last couple
of years, not that it matters that much, but I
for a while they've got refunds, and then that changed anyway,
so I don't get them anymore. But when it used
to be, when I got some refunds, they would take weeks,

(52:05):
if not months, to pay. So in other words, when
you owe them money, they give you a time and
a date and held pay if you don't do it.
When they owed you money all of a sudden, we'll
get around of it sometime. But that all changed and
they improved themselves, and I've had nothing but very pleasant
and useful legalings with the IID for a number of years,
which is good. I mean I pay far too much tax,
of course, but that's not their fault. That's the government.

(52:25):
Seventeen away from.

Speaker 2 (52:26):
A the My Asking Breakfast Full Show podcast on iHeartRadio
powered by the News talks at me.

Speaker 3 (52:35):
I feel like talking about cars briefly. Very good piece
I think replicated in the Herald this week, came out
of the New York Times, and it's just a reminder
of you didn't know it's under the headline electric vehicles
died a century ago? Could that happen again? So if
you go back to the early nineteen hundreds, they did
have electric cars. And the problem with electric cars at
the time is they worked out that there were these

(52:56):
other cars that had a reasonably small tank at the
back end. If you fill with petrol, they'd go for miles,
and so refilling it with electricity seemed like a stupid idea.
And the irony is that one hundred and something years later,
I don't know that a lot's changed to be perfectly
frank with you, electric vehicle sales and the media is
still misrepresenting what's going on the market. Yesterday's headline electric
vehicles new Zealand market rebound strongly, but Tesla struggles to

(53:18):
catch the wave. That wasn't the story. The story was
yet again, virtually no evs were sold in this country.
That's the real story, not that it rebounded rebounded from
what the answer is, rebounded from nothing. Do you know
how many Kier EV fives were sold last month? Sixteen?
They're not selling any car. There are no evs being
sold in this country. They the EV market, the full
electric market total. Still, after all these years, after all

(53:41):
the hype, after all the noise, after all the press releases,
after all the headlines, the pure electric vehicle still only
makes up five point five percent of the New Zealand
vehicle fleep. Five point five ninety six percent of the
New Zealand ninety five percent of the New Zealand vehicle
market is not electric and will never be. And the
sooner they roll the white flag up the better. Anyway,

(54:03):
it's reasonably flat overall, which is the real story story
we should be talking about. We sold hundred and fifty one,
which is a little bit more than May of last year,
so things are up year to date though, fifty one
six hundred and twenty five, so fifty one thousand, six
hundred and twenty one vehicles in total, of which two
thousand were evs. It's a three percent decline on last year.

(54:24):
The usual suspects RAB for Ranger and high luxerre up
the top. What is exciting though, and this is and
I like this guy. He doesn't work there anymore, but
when he did, he got it. He was the CEO
of Stillantis, which are the company that make, among other things,
the Ram, the big ute truck. His name is Tim.

(54:45):
And they killed the V eight, the Hemi, and they said,
what we're going to do. We're going to take that
five point seven liter V eight Hemi and we're going
to make a little teeny winnie any V six And
no one who drives a Ram wants a V six,
They want a V eight. And so what they've been
now stovernight as they're bringing the Hemi back, and he says,
everyone makes mistakes, but how you handle them defines you.

(55:07):
Rams screwed up. When we drop the hemy we own
it and we fixed it. And so if you think
the ice engine is coming to an end, you're dreaming.
I was watching a video yesterday Mercedes Benz who are
having a lot of trouble selling things around the world
because they made a commitment to go EV have suddenly
you know, slammed the brakes on that and they go
EV's not the future. And they're putting out big cars

(55:27):
now with big V eights and turbo charging those V eights,
and they're still making V twelves. I was watching another
video the other day with V twelves, the Aston Martin Vanquish,
the duadeche Celendre, the Ferrari, the Ravelto all V twelves
and they're all sold out, and they're all worth hundreds
of thousands of dollars and they're all sold out because
the world has not moved with the idea logues, and

(55:48):
the idea logues thought of we made a whole lot
of rules and forced you into doing this then and
the next thing, the whole world will go, oh cool,
I'll do that. But we didn't and we aren't, and
you know what, we won't turn away from it.

Speaker 2 (55:58):
The make Hosking Bread Best with Bailey's Real Estate News Dogs.

Speaker 3 (56:02):
The Seven Away from Mate, Super Rugby Playoff Time Crusaders
reads Tonight in christ Church Hurricanes are in Canberrall with
the Brumby's top of the table Chiefs hosts the Blues.
Of course, the chief CEO of Simon Grafis is with
a Simon Morning, Morda.

Speaker 13 (56:15):
How are you, Mike.

Speaker 3 (56:16):
I'm very well. Indeed you excited about the weekend, the
prospects and all of that.

Speaker 12 (56:20):
Yeah, very exciting. I mean, of this is your business
end of the season and you can always expect a
good game between the Blues and the Chiefs. And I
don't think yeah, I think tomorrow will be exactly the same.

Speaker 3 (56:33):
What have the numbers been, like, crowd's, bottom line, all
that sort of stuff for you.

Speaker 12 (56:38):
I mean, I think, you know, like like a lot
of a lot of a lot of the country commercially,
it's it has been pretty tough numbers. We get affected
to by weather and weather in the draw, so the
draw hasn't been great for us. With a couple of
Friday games and holiday weekends too make it a bit
tough on this part of the world. But certainly saw
really good crowds, really good crowd for Mina PACIFICA and

(57:02):
good numbers for this weekend, so it's really good.

Speaker 3 (57:04):
And Molana Pacific has seemed to have enhanced the competition.
I don't think I'm wrong in saying that. If you
if you look at the competition, you want quality, an
inability to predict an outcome, and better teams. And I
think they provided some of that, haven't they?

Speaker 13 (57:19):
Yeah?

Speaker 12 (57:19):
Absolutely? And look I think you know the fans are
They've got good, good, good group of fans. We're competitive
in plays style, it's a little bit different. So I
think all of that added to the comp And you know,
they went so close to making the top six, which
is when you look at the teams that are in there,
it shows the quality of the side they are.

Speaker 3 (57:41):
To be honest, the lucky loser thing, I mean, that's dumb.
Who thought of that?

Speaker 12 (57:46):
I don't know, but I might have had that thought.
But now that on top we're top spot, I actually
think it's a brilliant concept.

Speaker 13 (57:51):
You like it?

Speaker 3 (57:53):
Who are you going to play in the final?

Speaker 21 (57:54):
Thing? Oh?

Speaker 12 (57:56):
Chief is it?

Speaker 11 (57:57):
Well?

Speaker 12 (57:59):
Could could be anyway. You know, you look at the Hurricanes,
they're going, well, I think it's probably going.

Speaker 3 (58:08):
To be a Crusaders or well, yeah.

Speaker 12 (58:14):
Or Hurricanes. I think they're probably they're peaking quite nicely.
They get a win, that might be, that might be
a huge battle. Hopefully they get up for a win
maybe and be a good local derby between the Crusaders
and the Hurricanes next week. And the simmy would be
would be a good game.

Speaker 3 (58:30):
A couple of quick things while I've got you this
World Cup competition though we're talking about recently. Are you
into that? Is that an idea? Would the Crusaders or
the Chiefs go to play in Northern Hemisphere teams? Would
that be a thing?

Speaker 13 (58:41):
Yeah?

Speaker 12 (58:41):
Absolutely. I mean the New Zealand New Zealand Super teams
have been on board right from the start for that.
But that's a great opportunity to take our teams and
brands globally and I think you know, that's a good
way to connect to everyone wonders how their team will
go against the best in all of the hemisphere. So
I think as a concept it'll go really well. It's

(59:02):
just about setting the time frame, getting the time frames
right and making sure it works commercially. For taking fifty
people to the Northern Hemisphere is not cheap. But I
think it's a concept, brilliant, brilliant idea good stuff.

Speaker 3 (59:15):
Simon, you go well this weekend. Nice to talk to you.
Simon Grafis. When you say it's taking fifty people of
the Northern Hemisphere is not cheap, is correct? Because I
looked at taking two people at the Northern Hemisphere and
that wasn't cheap either. It was so not cheap. We're
not going that's how that worked. We'll do the week
Murray Olds across the Tasman. There's a huge amount of

(59:37):
stuff going on in Australia at the moment, not least
of which is this defection from the Greens to labor
which is not going away. And the Australians have restarted
the EU free trade talks. We got across the line
on that. They didn't because they thought it was a
dodgy deal, which I think it probably was, but because
the Americans had gone so weird on them, they've fired
those talks back up. So anyway, Murray Old's later on

(59:58):
in the program.

Speaker 2 (01:00:00):
The News and the news Makers the mic asking Breakfast
with Bailey's real Estate, your local experts across residential, commercial
and rural news talks.

Speaker 1 (01:00:10):
Head Bee.

Speaker 11 (01:00:19):
The longer, do it for you?

Speaker 3 (01:00:24):
This is distorted as well or is that just me?

Speaker 13 (01:00:27):
Oh?

Speaker 6 (01:00:27):
You're definitely distorted so many ways.

Speaker 3 (01:00:30):
We played something the other day that was distorted in allegedly.
I think from memory that was supposed to be distorted.
I don't know whether this is this is garbage. That's
the name of the band. Let now that something's happened,
because it was last week with Joe Jonas. The album
was Music for people who Believe in love, and I
see it at the time, I said, that's the album
title of wear, Music for people who believe in love.

(01:00:51):
What a great oldent title. And yet here we are
presenting to you this morning. Listen to this. Let all
that be sorry, Let all that we imagine be the light.
I think that beats music for people who believe in love.
Let all that we imagine be the light. That's the
name of the album. There are ten tracks. It's got

(01:01:12):
a signature blend of jagged guitar riffs, elastic bass, precision drumming, electronic,
kissed ato, sphees, all of it. Ten tracks, forty five
minutes and sixteen seconds.

Speaker 2 (01:01:22):
The Week in Review with two degrees bringing smart business
solutions to the table.

Speaker 3 (01:01:26):
Kate Hawksby's with us, good morning to you, good morning,
and Tim Wilson's with us, good morning to you.

Speaker 22 (01:01:34):
Good morning and congratulations, well done, Thank you very much.

Speaker 23 (01:01:38):
You speak congrats. I've put up on my Instagram photos
of you and your outfit and us at the awards
and your award, but I'm just pretty sad I didn't
get a shot of Sam and his Vietnamese suit.

Speaker 3 (01:01:50):
Well, the thing about Sam in his Vietnamese suit is
he started it last year. He's wearing it again today,
and that started last year. Because I can't white started
last year. But anyway, because I wasn't there and I
couldn't was that, yeah, I couldn't see it, and so
he brought and.

Speaker 11 (01:02:05):
The suit cost for five dollars or something.

Speaker 3 (01:02:07):
Well, this was the story you missed last night because
you went there to what I hadn't realized last year
with a green suit was though the one hundred and
ninety nine he had paid for it, he actually got
two suits for one hundred ninety nine. So the second
suit he debuted last night, which was an unusual silver,
and so I think, let's well, maybe it was the lighting,

(01:02:30):
but it was an unusual silver with a sheen. I
don't know whether it was what.

Speaker 1 (01:02:36):
Mike.

Speaker 23 (01:02:36):
Mike made Mike during his acceptance speech raised that told
that story and then made Sam stand up on no suit,
which he did to rousing applause from memory. He did
that the last time. So poor Sam.

Speaker 11 (01:02:52):
That's good.

Speaker 22 (01:02:53):
It's good that he's it's good that he's he's actually,
you know, sharing the limelight with the man who keeps
and caffeine. It the subject of a bullying and you,
Scott stood up as well, Kate as the as the man,
as the woman, pardon me, who grounds him?

Speaker 13 (01:03:07):
Grounds the man.

Speaker 3 (01:03:08):
Exactly what I can't say? Just quickly before I got
she said, yeah, she said, Unfortunately, Tim, she said, just
remember being humble. I think it went wellcated.

Speaker 11 (01:03:20):
And you said, you said, what's that word? Again? I'm
sorry I forgot.

Speaker 6 (01:03:23):
The first thing. Literally, the first thing he said was
I guess I won this because I'm good.

Speaker 19 (01:03:30):
Exactly.

Speaker 13 (01:03:31):
I saw that.

Speaker 11 (01:03:32):
I was like, oh my goodness.

Speaker 13 (01:03:34):
Again.

Speaker 3 (01:03:35):
The important point to make is Sam actually won. Sam
and the team won as the best whatever they call
the production team of the year. Yeah, so they actually.

Speaker 23 (01:03:43):
Won the Glynn and Sam because they they're the real
story behind you, aren't they?

Speaker 3 (01:03:50):
And do you know what I did?

Speaker 13 (01:03:51):
Katie?

Speaker 3 (01:03:52):
Then? And I felt sick for the rest of the night.
I didn't think you and so I thought, oh jeez,
that's you know, I thought I have done that. So
it's like one of those you.

Speaker 11 (01:04:01):
Should have reclaimed the mic. Just grab a full glass
and go. I just want to add something. Come on.

Speaker 3 (01:04:11):
A couple of names that people will know on this
radio station that sort of sort of fly below the radar.
Malcolm Jordan got a I don't know what they call it,
something like a Services to the Industry Award. And so
Malcolm's on the station a lot, and if you listen
on the weekend and stuff, and he's been around forever
and so he was thoroughly deserving of that because he's
one of my favorite broadcasters. He's one of those he's

(01:04:33):
one of those people who can do everything, and so
that's that's a skill, of course. And so he got
his Services Never got his Services to the Industry Award two.
So so everyone every year goes because never never always wins.
Amazing is amazing.

Speaker 23 (01:04:47):
She won Best Newsreader for like the eleventh year.

Speaker 3 (01:04:50):
But the problem with doing that is everyone goes Neva's
won again, as though it doesn't count for anything, which
it does. You don't win by default.

Speaker 22 (01:04:58):
Now this sounds this sounds like someone who may also
have one sort of eleven such accolades who perhaps because
he doesn't have enough humility, doesn't get enough attention.

Speaker 3 (01:05:09):
I agreed Marcus. So Marcus won, You're right, he won
for about the ninth fourteenth year in a row, and
so he doesn't get the the the accolades he deserves.
And the other one was Jamie McKay, And Jamie McKay
does the country. Yeah, And so Jamie McKay got a
lifetime award, which is you know, which is, which is
a real honor. And so his story is fantastic. And

(01:05:32):
he bought a radio station and he sort of said
I need to bring some radio to the people and
talk about the country to the city and stuff like that.
And so he got on for that. And those are
the sort of people you want to celebrate because they're
the real heroes of the industry. As far as I
can work out, I.

Speaker 23 (01:05:46):
Think everybody that attended needed an award for sitting through
the ceremony, which felt like the.

Speaker 3 (01:05:50):
World's longest ever event. On that note, it was well
too long, is the answer? Way too long? But I'll
come back with some numbers for you on that. In
the moment the team past eight.

Speaker 2 (01:06:01):
The Mike Hosking Breakfast full show podcast on Iheard Radio
powered by News talks Hip.

Speaker 3 (01:06:09):
News Talks It be caught a past day.

Speaker 2 (01:06:10):
It's a week in review with two degrees fighting for
fear for Kiwi business.

Speaker 3 (01:06:15):
The good news is Jason has turned up. Jason the
Big Boss has turned up this morning. So that's good.
He was, Yeah, so he was claiming, listen to this.
This is so lame. He was claiming, as was late,
why is he taking an uber? Join the dots? Why
is he taking the next morning?

Speaker 13 (01:06:33):
Question?

Speaker 3 (01:06:34):
Ask yourself the question, Tim, Why is he taking an
uber in the next morning?

Speaker 11 (01:06:37):
Maybe there's a bit of overflow from the night before.

Speaker 3 (01:06:40):
I'm not saying anything far but from me, Mike, I
couldn't Sam the stick of news talks it, but it's
not a very bad way of putting at Sam's the
trendset and not the follower. I see Hosk was wearing
a tie. I was wearing a tie. Story behind the tie.
I had to drive down to the center of Auckland
to get a tie as in the center center of
Auckland and was reminded yet again what a complete and
utter cluster. You know what downtown Auckland is and how

(01:07:02):
they've completely and utterly ruined the place.

Speaker 11 (01:07:08):
Robe Cones.

Speaker 3 (01:07:09):
Congratulations on your reward. More importantly, Katie looked spectacular. Could
you please pass that on to her?

Speaker 15 (01:07:15):
Oh thing?

Speaker 3 (01:07:16):
And they're correct, you did. You did look absolutely fantastic, just.

Speaker 11 (01:07:20):
Glorious about me.

Speaker 6 (01:07:22):
About me, Well, we.

Speaker 3 (01:07:23):
Made it about you, just for a little bit, and
so there's nothing. There's nothing.

Speaker 22 (01:07:27):
That's because that's because he didn't make it about her
last night, as you should.

Speaker 3 (01:07:31):
Trying to rectify some stuff as we speak. I'm having
a coffee this morning, by the way, it's very important
that people understand this. I'm having a coffee this morning
from the coffee fund. And the coffee fund got boosted
this week because I had a bit with Sam, who
knows nothing about support or clothing, but he lost and
so the fifty dollars he lost went into the coffee fund.

(01:07:53):
So I'm having the coffee from the coffee.

Speaker 11 (01:07:54):
Fund pay that.

Speaker 23 (01:07:56):
That's not fair. No, that's not fair, he said, Sam
did say off here that you liked to suit you
said this morning.

Speaker 6 (01:08:03):
It's not bad.

Speaker 23 (01:08:04):
Yeah, that's high praise.

Speaker 3 (01:08:06):
Indeed, what a straight up and didn't lie. I said nothing.
I said nothing. I think the exact words were.

Speaker 13 (01:08:14):
Generous.

Speaker 11 (01:08:14):
Come on, it's not as bad.

Speaker 3 (01:08:18):
Well, it was under fluorescence at like three this morning.
It was under fluorescence and it didn't look as bad
as I thought. So that's that's That's the best I
could come up with. So there you go. Now, what
else do you want to talk about?

Speaker 23 (01:08:32):
Well, I'm finding the divorce, the very public divorce between
Trump and Musk really awkward.

Speaker 19 (01:08:37):
I'm not enjoying it.

Speaker 23 (01:08:38):
I never think public divorces are.

Speaker 3 (01:08:39):
A good Well, no, I didn't. Really, does it change
your mind?

Speaker 22 (01:08:47):
Mechanic two volcanic figures, huge egos. Also with with he's
very he's very very thin skin, so really wounded.

Speaker 11 (01:08:56):
It was always going to happen.

Speaker 3 (01:08:57):
Correct. Does it bother ukde that he's in the Epstein files?

Speaker 23 (01:09:03):
Well, I mean I wouldn't be surprised if he wasn't
on the island. I mean, wasn't everybody who was somebody
of that time of celebrity status on that island at
those parties. I don't think it necessarily means he was
involved in sex trafficking or whatever, But I mean, who
would know.

Speaker 3 (01:09:19):
I would have a clue, But why haven't the paper
has been released?

Speaker 23 (01:09:23):
Who would know?

Speaker 3 (01:09:24):
He said, he'd released the papers, had release all the papers.

Speaker 22 (01:09:28):
Maybe that maybe they will be released now you reckon,
I don't know when are you guys? Are I suppose
you have pre ordered to send us book.

Speaker 23 (01:09:40):
So disappointed not to have been sent as signed copy.

Speaker 3 (01:09:45):
We're still we haven't. We haven't heard back from the
interview request. We asked for an interview, and.

Speaker 11 (01:09:51):
Well, good for you for asking. Good for you for asking.

Speaker 3 (01:09:55):
He definitely didn't ask, tim Wa.

Speaker 22 (01:10:00):
I thought, you know what I thought was really the
best review I've read has been by Liam Here, which
is like, actually it goes into the fact that her
more he believes her Mormon. Liam Here, he's a comitator,
he's been around, so I'll send you the links he's.

Speaker 3 (01:10:16):
Last time, that's another joke to him. Last time I
said who's he? He took to social media and got
really upset at me that I'd never heard of him.

Speaker 23 (01:10:26):
Yeah, he's a New Zealand political commentator anyway, Cary, No.

Speaker 22 (01:10:29):
The point, the interesting content, or the point that he
makes is that he suggests her Mormon background had affected
her leadership style in the sense that and I don't
know because I'm not Mormon, but they have a preference
for non confrontation, and that actually plays out. She refers
to a lot in the book, and it might explain
why she didn't want to keep talking to you during that.

Speaker 3 (01:10:52):
Yeah, I couldn't handle that. No, No, that makes sense.
But one also what I what I've discovered in life
and continually fascinated about, and we saw a little bit
of it. I think you'll concur last night, Katie, is
people's inability to be self aware. And part of it
is if you're like that, you go to yourself. I'm

(01:11:12):
about to potentially lead an entire country, and I'm a
bit anxious as a person, and I don't really like confrontation,
and I prefer to cuddle people. I'm wondering if these
qualities are going to lead in a direction that will
serve me well ultimately. And then at that point, of course,
because you're self aware, you go absolutely, I'm not remotely

(01:11:32):
suited for this job. It's why I, for example, have
never ended up in management, because I don't handle people well.
I've got no patience, I've got no time for people,
and broadly speaking, I'm a pain in the ass. So
I've worked out.

Speaker 13 (01:11:44):
So both Sam and Glen need a pay rise.

Speaker 22 (01:11:47):
Yeah, and so with that self awareness, that's why you
will dutifully accept accept your lot and appear at the
next radio awards.

Speaker 11 (01:11:57):
Is that right?

Speaker 13 (01:11:57):
Is that what I'm hearing?

Speaker 3 (01:11:59):
Going again?

Speaker 23 (01:12:00):
I think it's a.

Speaker 11 (01:12:02):
Never where's the self awareness? Where's the self awareness?

Speaker 3 (01:12:04):
Self? Don't even get me started? Do you mind having
six million people?

Speaker 13 (01:12:08):
Just quickly?

Speaker 3 (01:12:08):
You too? By the way, this population increases six million
a good number for.

Speaker 22 (01:12:11):
You, seven million, twelve after firsteen twelve to fifteen million.

Speaker 13 (01:12:17):
I don't like.

Speaker 23 (01:12:17):
I don't like the fact they're all in Auckland. I
feel like the whole six million are in are in
the CBD and in the suburbs, and you can't you
literally cannot move in Auckland anymore.

Speaker 19 (01:12:27):
So I feel like they're all.

Speaker 3 (01:12:28):
So if you could evenly distribute six to twelve million
people around the country the problem, you'd be.

Speaker 11 (01:12:34):
Happy, absolutely.

Speaker 3 (01:12:35):
Okay.

Speaker 22 (01:12:35):
So yeah, that's this whole, this whole viewer is better
as rubbish. Humanity is not a scourge. More people are better.
I have more people.

Speaker 3 (01:12:42):
But it's a quality issue also, there isn't it. I mean,
quantity versus quality. I'd go for I'd go for seven
quality over twelve Bogans.

Speaker 22 (01:12:54):
Just thought, Yeah, it depends as long as the Bogans
are driving. He mess.

Speaker 3 (01:13:00):
It's a hemi, not a HEMEI. But God bless you
for raising Engine Talk eight twenty two at news Talk said.

Speaker 2 (01:13:06):
Be the Mike Hosking breakfast with a Vita Retirement. Communities
News togs headb.

Speaker 3 (01:13:12):
Chemists Warehouse always here for you, open, early, closed, late,
which is what we love. They've always got a pharmacist
available as well, offers the expert advice whenever you need it.
Pseudo eff for dream products of course are available at
your local chemist Warehouse now. The pharmacists are ready to
assess whether these products are suitable for managing nasal and
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(01:13:35):
it is important to consult with the Chemist Warehouse pharmacists
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online today check out where they are around this beautiful country,
your trusted destination for affordable health and well being every

(01:13:58):
day of the year. That's Chemistry House asking Tasmania. It
looks like it's fallen the government. We told you about
this this time yesterday. So they were having they've got
a minority government, liberal government, minority government, and they put
a boat of no confidence to the floor, had a
big debate about it, continued and finished that debate yesterday.
Had a boat in the year. It's over. So that's
a pain. So we'll talk to Murrayold's about that night.

(01:14:20):
We'll come back to a very good story I read
this morning, and this is an outside looking in and
I'm always a very big fan of you're a regular
knowing this outside looking in because we're a bit down
on our country at times, and there's a lot to
be down at on at the moment. But it's the
story of a woman who came to New Zealand from
America and she was only going to stay for a
couple of weeks. And this has been published around the
world this morning as we speak, and when you read it,

(01:14:42):
it's a very uplifting story because it's outside looking in
what others see of this country, So tell you more
about that in just a couple of moments before we
go to Murray Olds. Meantime news is next to newstalk s.

Speaker 2 (01:15:00):
Report you need to start your day from Mike asking
Breakfast with Vida, Retirement, Communities, Life your Way, News, talks,
head be.

Speaker 3 (01:15:09):
Wed or one in the ongoing fascination I have with
the world media. So, the Australian cricket team is touring
the Caribbean for the first time in a decade. So
who's got the rights for that to broadcast it? Answer ESPN?
So one, what's ESPN interested in a minor tour by
an Australian cricket team in the Caribbean. Four Two where

(01:15:30):
are the Australian networks? Well seven bid seven lost out
seven's lobby the federal government for tweaking the anti siphoning stuff,
and so they have anti anti siphoning means you've got
to have major sports available on free to wear. The
ashes is part of it, The Melbourne Cup is part
of but obviously a tour of the Caribbean isn't. So
it's interesting that ESPN. And so then you ask the

(01:15:51):
question is ESPN and their budgets? So large that they
literally found a bit of parking meter money at the
back of the sofa to out bid seven, who is
a linear television product just don't have enough money to
bid for sports rights anymore. Because this sort of broad
argument is applicable in this country as well, of course,
and whether or not we're going to end up watching
everything on an ESPN or something or a dizone for

(01:16:14):
the rest of our lives, and that's where sports rights
are going. Twenty two minutes away from.

Speaker 15 (01:16:17):
Nine International correspondence with ends in eye insurance Peace of
mind for New Zealand businesses in Australia.

Speaker 8 (01:16:24):
Marie Old's good morning, Michael, very good morning, and I
understand congratulations an order with the Cracked team at breakfast
time dominating the awards last night.

Speaker 3 (01:16:33):
Yes, it was very good. You're very kind. Thank you
very much and I don't think we could have done
it without your contribution because they tell me the the
Friday quarter hour is just something to behold. Tom Connell,
you know the name Tom Connall, the guy works for
Sky News. Yeah, I know he does. I love him
because he does these numbers on the election at a
screen in a way like John King at CNN does

(01:16:54):
absolutely brilliant nub and following his dissertation on this final
seat which finally got to sign and from what I
saw of him yesterday or the day before, can't remember,
it's I don't think it's over, is it. I mean,
if you were really exercised, you could take it to
a judge who would go, have you got some votes?
I can look at and they'll go, there's a bag
of sixty five, check those out. We think this s

(01:17:16):
us and off we go again. Is that right or not?

Speaker 19 (01:17:19):
Well?

Speaker 8 (01:17:20):
Basically what's happened the very final seat in the election,
the federal election of just over a month ago now,
and it's pretty much an emphatic footnote on what has
been the collapse of the Liberals under Peter Dutton. The
Sydney seat of Bradfield Liberal held for seventy five years.
Liberal over here, of course means you know, right wing,

(01:17:40):
stroke conservative. So one hundred and twelve thousand votes Mike
were cast in that election, in that electorate it's always
been liberal.

Speaker 13 (01:17:48):
The final margin just twenty six votes.

Speaker 8 (01:17:51):
The Liberal candidate was absolutely perfect, hyper intelligent, super successful
career MENI in heritage, she's young as well, very art
and even she could not get up in this once
rock solid Liberal seat. So there's an independent stroke. Teal
Labour now has ninety four seats in the parliament one
hundred and fifty seat parliament. The Libs and Nationals coalition

(01:18:12):
will have forty three thirteen on the cross bench. But
as I say, the Liberal Party now has forty days
to decide whether or not to spend the money to
go to the Court of Disputed returns. Forty days to
have a think about it, because it's not going to
be cheap. You also have to go, as my understanding,
you have to go to the High Court as well
to seek leave to go to the court. So there's

(01:18:33):
a very elaborate process. It will not be cheap, as
I say, will the Liberals bother, But.

Speaker 3 (01:18:37):
It's one of their favored seats and it has been
their seat and you want to if you can do something,
you probably I think that would be what's driving them
in Tasmania. See the vote of no confidence super interesting.
But who in Tasmania wants to have another election given
you had one last year.

Speaker 13 (01:18:54):
Well that's a very good point.

Speaker 8 (01:18:56):
But of course the vote of no confidence in the
minority the Liberal government down there and you know underline
this it's the only liberal administration anywhere in Australia and
now it's gone Rockcliffe. The Premier had to basically pull
the pen yesterday when there was a no confidence vote.
He went along to the governor said listen, we have

(01:19:17):
to have an election. The budget's only a week or
so ago, lots of debt. He wanted to sack public servant.
It sounds pretty familiar. The big white Elephant football stadium
as well, the minority government only in Powsands March last year.
As you say, now there's a new election, but it's
thought the Liberals will struggle to hang on to the
fourteen seats they've got. I mean, it's a thirty five
seat parliament, right, it's enough to fill a phone box

(01:19:39):
down in Tasmania. They've only got fourteen seats of the Liberals,
they're going to have few of them that when the
election is finally done and dusted.

Speaker 3 (01:19:46):
Okay, this mushroom lady. On a scale of one to ten,
how gripp does Australia still live? Ten being you couldn't
be more gripped. One you couldn't kill us.

Speaker 13 (01:19:54):
Well as about nine and a half.

Speaker 8 (01:19:55):
I reckon I mean she's being fileted in the witness
box now by the prosecutor Aaron Patterson, of course, accused
of three counts of murder murdering her in laws. According
to her, they were still very close, her in laws
and the sister of one of them, at a deadly lunch.
Now she's been as I say, cross examined in forensic

(01:20:18):
detail by the prosecution yesterday.

Speaker 13 (01:20:20):
She'll be back in the box again today. Another two
weeks of this.

Speaker 8 (01:20:23):
By the way, Mike, she denies she intentionally served death
cap mushrooms in this lunch to the in laws. A
better telling lies about buying and owning a vegetable dehydrate.
No doubt your staff have one of those at the
luxury accommodation.

Speaker 3 (01:20:37):
Of course you and the bride have.

Speaker 8 (01:20:39):
I've never seen one, but she admitted finally buying one
three months before the deadly lunch and then dumping it
after the lunch at the local tip. Also she admitted
lying about having cancer. The prosecution alleges photographs of mushrooms
and a set of scales proves Aaron Patterson was trying
to work out just how much of the dried death
caps that you would have to serve to kill the people.

(01:21:00):
At the lunch, she admitted to carrying out several factory
research to high photographs of butt rooms. I mean every
I mean honestly, you know, it's like it's.

Speaker 3 (01:21:09):
Like a murray. I said at the very start, I
didn't think this was going to go that well for her.
And I think I'm slightly but surely being proven correct.
And I don't think I was a genius in coming
to that particular conclusion. Oh yeah, this woman Dirinda Cox,
though is I'm I'm on a campaign at the mark.
I'm just sick of low rent people. And I think,
Dirinda Cox, you can't wake up one morning as a

(01:21:31):
green and then ring elbow and go get a elbow?
Can I? But you know you're just like have some dignity,
Well not much.

Speaker 8 (01:21:40):
Dignity of politics, you know that in the way you know,
I mean speaking of dignity, we had on Radio National
this morning, Debbie Na Riwa.

Speaker 13 (01:21:48):
Packer No just take Yeah, the Australian audience was, for.

Speaker 3 (01:21:53):
God's sake, Radio National, give me the rate, give me
the ratings share that that particular operation has. Is it
a one or two these days? One point five? Is
it the old one point five share radio station rings
up Debbie Nario a packer and bores Australians witless with her.
Did she whine on about how unfair it was?

Speaker 13 (01:22:12):
Well, yeah, there was that assertion made.

Speaker 3 (01:22:16):
And how no one understand you do you realize and
this is this is for the edification of your fellow Australians.
You realize those people in the Marry Party don't even
want to be in the Parliament. They don't think there
should be a parliament. They think they should have their
own country and their own parliament and their own rules
and their own everything else. And we're sick of them.
Did they have that bit in the interview?

Speaker 13 (01:22:39):
No, no, that did not come up in the end
of EW. No.

Speaker 3 (01:22:42):
Can you give Radio National one point five share my
number and tell them I want to go on as
as as the sensible voice of Middle New Zealand to
give them a bit of what for and tell them
what's actually going on here instead of their left wing
nonsense that they clearly pedal to Australia. Hence they've got
no audience.

Speaker 8 (01:23:02):
Don't hold that, brother, But look to get back to
Cox right, I mean, it's just look at smells of opportunism.
You know, gee, whiz, look what's happened at Labour got
the landslide whin.

Speaker 13 (01:23:13):
I think I'd much rather be with them.

Speaker 8 (01:23:15):
And she's jumped across, saying I've always sort of felt
a lot more comfy with with Labor. Yeah, of course
you have, Darling, of course you have. So you know
she's now a will sit as a Labor senator gives
elbow more grunt in the Upper House of course, where
things are decided, and you know it. Look, it does
leave a nasty taste, doesn't it. You go to the election,

(01:23:38):
you're standing for one party. A minute after midnight you say, oh,
you know what, I've changed my mind that much rather
be with the mob with all the seats.

Speaker 3 (01:23:46):
Super. It doesn't look good, super uncle. You go, well mate,
we'll ketch up next. Frida appreciate it very much, Murray olds.
And I mean, that's everything that's wrong with public radio
and public broadcasting generally, isn't you sitting there with your
non audience and you go, now, what can we do
to entertain Australia over breakfast this morning? I know we'll
ring up a reprobate in New Zealand and just have
them on for fifteen minutes. I mean, she's ask Yourself

(01:24:08):
fourteen away from nine the.

Speaker 2 (01:24:10):
Mike Asking Breakfast Full Show podcast on iHeartRadio.

Speaker 1 (01:24:14):
Howard By News talks that be.

Speaker 3 (01:24:16):
MIC's and Queensland Liberal post of Palochet. It's very well
spotted Chris Philly, that's correct.

Speaker 13 (01:24:21):
He won.

Speaker 3 (01:24:21):
They had an election last year and he won that.
Back to this article I alluded to just briefly. You
can look it up. It's on CNBC. It's just the
outside looking in the things. So it's a couple who
live one hundred and thirty two thousand dollars. This is
the headline. Hundred and thirty two thousand. That's American, so
you translate that, it's about two hundred and twenty thousand
New Zealand dollars. So they're doing well. The couple on
two hundred and twenty so to one hundred ish each.
They live on in what the headline calls the Hamptons

(01:24:44):
of New Zealand. So this is an article that goes
out all over the world. Her name is Phoebe Merrick.
She lives on Waikiki, which is an island off Auckland.
She thought she'd only be there for a couple of months,
this was June of twenty three, planned to work out
a summer internship at a winery. This cannot be real,
she said, This cannot be regal. I just thought it
was so beautiful. Two years later, she's still there, getting
ready to move into a new house with a boyfriend.

(01:25:06):
Reuben grew up in the area. He's local. She's twenty two.
He's twenty two. Rather freelance marketing and social media manager.
He runs his plumbing business. Together. They make two hundred
and twenty thousand dollars and they just wax lyrical about
New Zealand and how wonderful New Zealand and how magical
New Zealand it is. And so it's always good to

(01:25:28):
hear from people who from the outside and arrived and
loved the place. Barry Humphreys, by the way, when I
came back to the show this year, there was an
auction of Barry Humphrey's art that I sort of bored
you whitless with because we sort of did it live
because it happened to be at an auction house in
London at the time, and we ended up buying nothing
because all the estimates were about ten thousand percent out,

(01:25:48):
and so it became a joke. Anyway, there was more
Barry Humphreys art auctioned off this week in Sydney, ninety
eight objects, and they raised four hundred and seventy seven
thousand dollars, which is not as much as they raised
in London. London they raised ten million. The opening lot
was a watercolor framed im penned by Humphreys of Dame
Edna that went for seventeen thousand dollars. It had an

(01:26:10):
estimate of three. So the same column was being played.
They thought it said it to go for three. It
went for seventeen, more than a thousand registered bidders. Lot
forty eight was Clifton Peugh's study of a young Humphreys.
That was the most expensive piece that was completed in
nineteen fifty nine. One of the originals at that time
was brought by the National Portrait Gallery. Anyway, went for
thirty six thousand to a private collector. A Terrence Donovan

(01:26:32):
photograph of Joanna Lumley signed for my darling hero Barry
Humphreys from his adoring servant Joanna Lumley seven grand. So
once again a lot of money raised. Everybody is the
headline set, everybody wants a piece of Boutge.

Speaker 6 (01:26:47):
I would have thought the value would have gone down,
saying it's how they seem to be having one of
these things every five minutes.

Speaker 3 (01:26:51):
There's a supply demand issue that I think if I
hold out to the third or fourth auction of his stuff,
there'll be a bit of tap they find somewhere in
an attic and I might be and ate away from nine.

Speaker 2 (01:27:02):
The Mike Hosking Breakfast with the Range, Rover Villa News,
togs Head b.

Speaker 3 (01:27:06):
Mike FM, Road to Ruh great, couldn't agree more. We
went FM and Roderu the other day. It's going off.

Speaker 13 (01:27:13):
It's going to be.

Speaker 3 (01:27:14):
Huge in Road to Ruin. I've been arguing that case
for years. I said, we've got to get to FM
and roade RUA, and we got to FM and road.
I can't is the next one in Picago? I think
we're going in Picago soon? Well maybe not, Maybe I'm
making that up. Could be nor given.

Speaker 6 (01:27:27):
Yeah, given last night results for a certain station in Northland,
I think we need to.

Speaker 3 (01:27:32):
Did they do well? Was there a station in Northland?
Did well? Okay? Five minutes away from nine, it'll beIN.

Speaker 2 (01:27:42):
Trending now with the Chemist Warehouse, the Real House of Vitamins.

Speaker 3 (01:27:46):
So Dave Portnite is he owns a company called Barstool Sports,
Big Company, and they run a lot of podcasts. One
of the podcasts he appears on periodically is the unnamed show.
The thing he did went viral in America. He kicked
somebody out of one of his bars for holding up
a sign saying if the Jews and so they were

(01:28:06):
chatting about it today on the podcast. So that's now
gone viral. That's been seeing twenty eight million times. Kirk,
if you just want me to kick him out, not
mention it, not care that this shut up? If you
just want me to ignore, tell me.

Speaker 11 (01:28:22):
Don't tell me to shut up.

Speaker 3 (01:28:23):
Don't shut the fuck up.

Speaker 6 (01:28:24):
You balled? Okay, go ahead.

Speaker 13 (01:28:27):
How's that?

Speaker 6 (01:28:28):
Oh it's killed. I'll never recover from that, Dave, go ahead, continue,
I'll never recover.

Speaker 3 (01:28:31):
Well, you're the one who like, oh, big boss man,
don't tell I'll tell you work from me.

Speaker 6 (01:28:35):
Okay, go ahead, bets you work for me?

Speaker 3 (01:28:37):
Sure you bet for now?

Speaker 13 (01:28:39):
For now? Quitt well.

Speaker 3 (01:28:42):
Is a show or not the show? Like it is
a show or not a show?

Speaker 6 (01:28:44):
If we can't have a conversation.

Speaker 3 (01:28:46):
You're an idiot. Okay, you're literally.

Speaker 10 (01:28:49):
Saying people should be allowed to make jew jokes, say
whatever they want.

Speaker 3 (01:28:54):
Did that continue for a while? And so it went
on for a while, and.

Speaker 6 (01:28:58):
I'm saying a thing, we need to rant things out.

Speaker 13 (01:29:00):
For a bit.

Speaker 3 (01:29:00):
Yeah, I think we're a bit low key, like do
I work.

Speaker 6 (01:29:02):
For you or do you work for me? You're little
as that where show one guys?

Speaker 3 (01:29:10):
Speaking of speaking of podcasts, I I it's something like,
I know Joe Rogan's huge, I get all of that.
But I was watching a bit of Joe Rogan the
other day with Jimmy car Jimmy Cars on the program
is it next week?

Speaker 13 (01:29:21):
Yeah?

Speaker 3 (01:29:21):
So Jimmy Carr's on the program next week And Jimmy
Carr was on Joe Rogan the other day for three
and a half hours. I mean, it's come on.

Speaker 6 (01:29:30):
I mean, Joe Rogan does find people very interesting, though,
doesn't he?

Speaker 3 (01:29:33):
Do You do you think he honestly does? Really?

Speaker 6 (01:29:35):
I think he does. I think he just genuinely just
go wow, just person passing by, I could talk to
I only I could talk to anyone for three and
a half hour.

Speaker 3 (01:29:45):
I don't care who they are. I don't even think
I could interview myself for.

Speaker 6 (01:29:48):
Three but you just talked to New Zealand for three hours.

Speaker 3 (01:29:51):
It's not three and a half anyway. That's you. Have
a fantastic weekend. We'll see your Monday.

Speaker 13 (01:29:57):
Happy Day.

Speaker 2 (01:30:00):
For more from The mic Asking Breakfast, listen live to
News Talk Set B from six am weekdays, or follow
the podcast on iHeartRadio.

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