Full Show Podcast: 08 July 2026

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Tough on Power, Sharp on Inside, on my casking, Breakfast
with Bailey's real Estate, your local experts with national and
global read Us, togs Head, been.

Speaker 2 (00:10):
Ry and Welcome to Day, The are Big and the
Cash raid, NATO and more, Trump threats on Greenland, the
NURL deal breaking records, Sky holding the rights here, Mark
and Jinny Politics winsday, Richard Arnold and America Murray Olds
and Australian Paska come to the day three two to Argentina.
By the way, if you're interested, they win big day
to day. Also, it's hard to overstate the importance of
the New Zealand economic story and the state of the

(00:30):
places we broadly understand it. We are on the precipice
of some sort of comeback. The better days are in
their preliminary stages, actually here, and there are more to come. Critically,
we've had a taste late last year and into the
early part of this year of what might be then
came Iran. Of course, a lot of fear got attached
to a run, but increasingly it looks a lot like
that was misplaced. Any number of people who look at

(00:51):
such matters have decided the worst conclusions are wrong. The
darkest of days will not be happening. Most noticeably is inflation.
The straight closure would lead to exploding is apparently not
just oil and petrol, but plastics and ceramics, all the
stuff we build with. What appears to have happened is
the world managed to get around it, either by not
passing on massive price increases and or finding alternative sources

(01:12):
of supply. Latest bank forecasts are inflation peaked at a
smidge over four percent last quarter. Now four is not
within the Reserve Bank band, of course, but it will
be because all forecasts also suggest to philly quick and
quite possibly orderly return to about two percent next year.
So does the bank have a crack today? Increasingly the
thinking is no, not universally no, but largely no, and

(01:32):
the mixed messaging yet again reminds us what a tricky
old world we live in. This doesn't mean they won't
at some point pull the trigger, but at such a
fragile stage, surely we can mount a strong enough case
to suggest we might like to hold type for now.
Part of the fragility of all of this, of course,
is based around the Reserve Bank under different management, having
made a pretty large hash of matters so most of

(01:53):
us quite keen not to repeat the exercise. If we
get out of this with some GDP growth this year,
an inflation rate that goes not a lot higher than
four and a cash rate of maybe late twos deb
is quite the story of resilience, and I think the
majority of us are quite keen for the bitter economic days.

Speaker 1 (02:12):
News of the world in ninety seconds, bombshell.

Speaker 2 (02:16):
Or astute technic? Is the debate they're heaving in Britain
this morning. Is Nigel Farage quits parliament triggering a special election?

Speaker 3 (02:22):
Now I've decided that the people of Clapton should be
the judges of my actions. This will be a people
versus the establishment by election. It's a chance to stick
two fingers up to the entire establishment.

Speaker 2 (02:37):
Big question is timing. Do you have a vote before
an inquiry?

Speaker 4 (02:40):
And there's a danger there could be two by elections
and that would not any waste tax pairs money, but
it would mean that mister Ferrage wasn't being properly held
to account.

Speaker 5 (02:50):
Kimmy was in boots nor he is a man who
is cracking under pressure. That's why he was shouting at
journalists yesterday. And what we have to ask ourselves, is
is this someone who can do the top job. He
hasn't become Prime minister yet and he's already cracking under
the pressure.

Speaker 2 (03:06):
Kia couldn't help himself. Politics should be about improving the
lives of millions of people, not about personal gain, not
about hiding dodgy donations.

Speaker 6 (03:16):
And I think the public will see this for exactly
what it is.

Speaker 2 (03:19):
Varaj've been ripable, of course, We've told you this yesterday
with Sky over their treatment of his family.

Speaker 7 (03:23):
We acknowledge that Sky News was part of a broadcast
pool operation outside of property linked to mister Farage. Yesterday
we approached the property off camera on a single location occasion,
identified ourselves and the occupant chose not to engage.

Speaker 2 (03:38):
In Turkey and NATO, Trump and his threats have arrived.
As he winds again about the EU, Frankly, I's been
worn health in Turkey, where my friend s very strong leader, a.

Speaker 4 (03:48):
Very strong.

Speaker 6 (03:50):
Person, It's possible that I wouldn't have attended.

Speaker 2 (03:54):
We did something in Iran. We don't need anybody's help. Finally,
drama in New York is the close part of the
city where between forty second and Second Avenue. This near
Grand Central. We've got a building losing bricks. I thought
it could be about to fall over. This is thirty
eight store story, sixteen hundred unit complex sagging between twenty
first and twenty second floors twenty first and twenty sixth floors,

(04:16):
rather couple of columns of buckle. They've evacuated six surrounding buildings,
and Mindami provided a bit of drama by suggesting it
was quote unquote a minute by minute situation news the
world in ninety We're standing by a Philippine, she started,
Yet La Pence's supposed to be having a word any moment. Now,
she'll turn up with an ankle bracelet on I'm assuming.

(04:37):
Problem is she said she can't. She's not going to
run for president with an ankle bracelet. The court overnight
has given her an ankle bracelet. Three year jail term
two suspended one on a tag. So she said she's
not going to but she's gonna hold a press comfort
tenty second. How to tell us maybe she is, maybe
she isn't. So soon as we know, you'll know. Twelve
past six.

Speaker 1 (05:00):
Casking Breakfast Full Show podcast on iHeartRadio, call it by
News Talks.

Speaker 2 (05:05):
Be well, she said, you wouldn't run with an ankle bracelet.
She's changed her mind. I am candidate to the presidential election.
I will not change my mind. She also said she'll
appeal today's decision. So Lapena's go fourteen pass game. I'm
sure partner's Andrew Calla had good morning. Yeah, very good morning,
Mike's ad, isn't it?

Speaker 7 (05:26):
Yeah?

Speaker 8 (05:27):
Global Dairy Trade auction results this morning, and now there's
just a little bit of a cloud hanging over the
good news story that had been sort of following the
dairy sector. Mike, there was a bit of concern heading
into last night's auction because pricing signals heading into it
they weren't painting a very good picture. I mean, the
future's price action had been soft. That's not always a

(05:49):
good read on potential auction outcomes, but you had the
sort of corroboration. We've had two pulse auctions since the
last Global Dairy Trade auction. Price action both as has
been weak as well, so that all sort of signal.
Those signals really were reflected in the Global Dairy Trade
outcome overnight. So the price index four point nine percent fall,

(06:11):
so quite a chunky fall of the last eight auctions
You've only had three positive outcomes and one of those
was a zero point one percent rice that was barely
barely a positive one. So yet a little bit of
concern at that index level. Marke, it's now down twelve
percent from the peak of the index back in March.
My take on this is this clearly at supplied demand

(06:33):
shift happening.

Speaker 9 (06:33):
At the moment.

Speaker 8 (06:34):
Look, it does appear to be something of a seasonal
effect here.

Speaker 2 (06:37):
I've looked back over previously.

Speaker 8 (06:38):
Is not unusual at this time of year, because supply
is changing around the world. It's not unusual to see
a little bit of weakness. So I think we have
to let those seasonal fluctuations play out. But when you
look at the skim milk powder of foul seven percent,
now it was a key contributor to the overall strength
of price index. It really was the rock star being
on a real sort of solid shift ups since October

(07:01):
last year, so probably given up about about forty percent
of that time. And you've had three negative outcomes in
a row, and skim milk powders that's a little bit
of a trend there. Whole milkpowder down four point four percent,
also three negative outcomes in a row. So we're back
to levels on whole milk powder that we last saw
in January, so it's given up quite a bit. Look, Mike,
look in summary, Look, I think we could see a

(07:23):
review of the forecast farm gate milk price. We're just
not sure how material that will be, but sort of
brace itself and maybe a little bit of bad news there,
but I don't think it'll be material.

Speaker 2 (07:32):
Okay, you in the whole camp still, yeah, I am.

Speaker 8 (07:35):
Actually my on the multiposit review today. Look, we've seen
these dissenting views come out over the last few weeks,
so yes, I think I'm still sitting in the whole camp.
But look, I do think there's logic behind both, behind
both arguments. Simply put, if you've got the view that
the OCR is at the level that's too stimulatory and
it has to go up, I can see the logic
of getting on with it. But I also think the

(07:56):
timing is important. And what's key here is that oil
price has fallen quite quickly, and very importantly from the
RB's point of view, it's very likely that our inflationary
expectations should ease as well. So if you want to
clear a picture of what's going on, give it another
six weeks. It's also I think my relevant consider what
reaction or impact would be if they did move twenty

(08:19):
five bases once the market's already pricing into seventy percent?
Chance that happening anyway. So would moving the rate today
make much difference because it's already priced and I don't
think it'll move retail rates much. I guess I ask
a philosophical question, and I think I know what camp
you're sitting on this, But should it really matter? I mean,
should a quarter percent move in the oci stom if

(08:40):
it's already priced in?

Speaker 2 (08:41):
Should it really matter? Or should we just get on
with it?

Speaker 8 (08:43):
Are we a little bit too fixated and the stuff?
And should we just get on with our lives and
get going?

Speaker 2 (08:47):
Yeah, I think we're a bit fragile to handle it
at the moment. Mind, you have found some life. Westpac
found some like we're spending money. Someone spent some money somewhere.

Speaker 9 (08:56):
Yeah we are.

Speaker 8 (08:57):
Yesterday we talked about we talked about the themes and
the which are painted by ains and spending data. We
got the west back numbers yesterday painting a similar thing.
They were a bit stronger actually zero point four percent
Purpose and spending. That was the first increase they'd seen
in three months. Who've got a little bit of extra
money in people's pockets from the low fuel prices that
seems to have fed into a lift. And spending on
entertainments up to zero point seven percent, little pop, and

(09:19):
spending on clothes and apparel spending MIC has been weak
point of interest here. Travel related spending that's had a
boost as well. It was up six percent in June,
so well said, let's let's get on with that and
go out and travel. The broader trend is still pretty flat.
That echoes the broader theme from the ain Z data.
The authors do talk about the ongoing cost of living
crisis constraining spending levels. Annual spending growth on a regional basis,

(09:43):
confirming the well told tale of rural strength top of
the Parle in terms of spending growth a target south
of Canterbury.

Speaker 2 (09:50):
Absolutely no surprises. There is the sky. I assume the
market like sky keeping the NRL.

Speaker 8 (09:56):
Well share price has been lifting since the beginning of
the month. Kind of anticipated there, but good on them,
well done, they got the NRL. So well done to
Sophie Maloney three dollars twenty was the share price of
you know, it's gone to three dollars forty.

Speaker 9 (10:08):
So at the moment the market approves.

Speaker 2 (10:10):
Myke Surphy's with us up to seven thirty one are
the numbers.

Speaker 8 (10:13):
Okay, So the market is down a little bit. I
hate to say it, Mike, but the oil price will
get to in a minute. But the oil price, there's
something to look at there. So the dal Jones is
currently sitting at fifty two thoy nine hundred and twenty
down one hundred and thirty five points, a quarter percent,
quarter percent fall on the S and P five hundred,
as well seventy five one eight and a points, sixty
five percent fall on the Nasdaq one hundred and seventy

(10:34):
points twenty five ninety five one To close there forts
one hundred up fourteen points, ten thousand, six hundred and
sixty five. The nikeet volatileis heck down one thousand, four
hundred and eighty points over two percent six eight two
five six.

Speaker 2 (10:46):
Shanghai comps it down one and a quarter percent fifty
one points three nine nine.

Speaker 8 (10:50):
Oh the Aussie's gains although they lost sorry twenty seven
points yes day point three one eight eight h three
and the Enzix fifty barely moved thirteen thousand, seven sixty
two Key you Die against the US point five six
nine zero point eight one ninety six against the Ossie
point four nine seven nine euro point four two five
five pounds ninety two point one in Japanese Yen gold
four one hundred and forty three and Brent Crude, a

(11:12):
Katari vessel has been hit by.

Speaker 9 (11:14):
A projectile I have said.

Speaker 8 (11:16):
Mike I said that all price was priced for perfection.
It wasn't going to be as simple as that, so
we've got a bit of volatility there. It's gone up
seventy four dollars and sixteen cents see tomorrow.

Speaker 9 (11:27):
Mate.

Speaker 2 (11:27):
Andrew Keller has Sure and Partners, asking Samsung and making
money like they've never made before. Preliminary second quarter operating
profit is basically through the roof. They've sorted out. Samsung's
agreed to scrap it's one thousand percent base salary bonus
cappaning you mark ten and a half percent of their
operating profit for bonuses. So there's a good place to work. Meantime,
Toyotas announced overnight they're throwing three and a half billion

(11:50):
at Texas. They make the Tacoma, which is a pickup
truck in Mexico, so they're moving it to Texas. That's
all part of you know, Trump's make stuff locally and
you'll be happy ever after. Theme six twenty one The
News Talks B.

Speaker 1 (12:07):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by News TALKSB.

Speaker 2 (12:14):
Important to point out real La penn Is. I saw
a poll yesterday. She's a mile ahead in the race.
But it's a runoff, so of course she'll win the
first round. Whoever comes second unless you get fifty percent,
of course where's no one will. But in the second
round of whoever comes second, they all coalesce, all the
Socialists coalest together, and so she hasn't won this thing yet,
so there's a lot of water to go under that
presidential bridge. Six twenty five.

Speaker 1 (12:36):
Trending now with Chemist Well house Keeping Kiwi's healthy.

Speaker 10 (12:40):
All year round.

Speaker 2 (12:41):
Harry's not having a good day. So not only is
he at the Airport Remada because his dad didn't give
him the palace, he and his famous mates including Elton
and Liz Hurley and co. They've lost their daily mail
hacking bugging case judge ruled all claims are false and
the information gathered by the mail was lawfully sourced and
there was no evidence of any bug. So the editor
in g WE.

Speaker 6 (13:00):
Described those charges as lurid and preposterous. Today the High
Court dismissed every single one of the ninety seven claims.
That is an overwhelming vindication of our journalism. Prince Harry
wrote a sad book which boasted about his killing of
twenty five Taliban, his drug taking, and in cringe making detail,

(13:26):
how he lost his virginity. There isn't a laundry in
the cosmos big enough to wash all the dirty linen
he has aired about his own family. For him to
complain about his privacy being invaded takes not just the biscuit,
but the whole tin.

Speaker 2 (13:43):
Poor Harry, It's not bad. The Justice Nicklin said seven
claimates could not rely on suspicion, even where understandable. Speaking
of relationships with the Priss Farage, of course.

Speaker 3 (13:56):
Let me be clear. I will not intimidation of my family.
I will not tolerate the location of where they live
being revealed. I will not tolerate any of my family
being endangered because of what I choose to do in
public life.

Speaker 2 (14:14):
Of course he can say all that because he knows
you're going to win the buy election. But the point
that lib Dims made was a very relevant one. Do
you hold a by election before the inquiry because the
inquiry is real? And if the inquiry pings them and
boots them out, so we'll win the by election, then
they boot them out. So do you need two by elections?
And how long does that particular circus go on for?
As I say, skin I won the rights to the

(14:35):
rugby league. Love to know how hard TV and ZID
tried and whether they've got any money to do that.
We'll have a look at the sun after seven thirty
this morning, B and zaid Stephen topless. He's for a hike,
he says, there's still a few of them about who
say a hike is needed or wanted. So he's with
us on the big day today. Mark and Jinny with
politics Wednesday after eight. But we'll get into employment more

(14:56):
in just a couple of moments. Restraints of Trade report
about us from the OECD. More after the News which
is next.

Speaker 1 (15:06):
Opinionated, informed, und apologetic, the Mic asking Breakfast with a Veta, Retirement, Communities, Life,
your way news, togsad been you're not following.

Speaker 2 (15:16):
The plat location. It's a fascinating one for the Democrats.
So he won the primary the other day for the
Senate in Maine. Problem is he's got a reputation that's
getting pretty much worse by the day and the calls
are increasing for him to bail on the contest. Richard
Arnold with the update shortly back here at twenty three
to seven. New report this morning. This is the OECD.
They've been looking at restraint of trade clauses. It's a
fifteen country study, includes US conclusion productivity is being held

(15:40):
back by their over use non solicitation of client causes.
Big deal here apparently covers forty three percent of workers,
the average in the OECD's twenty two Jennifer Mills, employment
specialist at Jennifer Mills and Associates and is with us. Jennifer,
very good morning to you.

Speaker 11 (15:56):
Good morning, Mike.

Speaker 2 (15:57):
Does every professional basically have some sort of restraint of generally, Oh.

Speaker 12 (16:02):
They absolutely would, Mike. Certainly in law you would see
non solicitation and non competition restrictive covenants. And in your industry,
obviously we've got the Tovra O'Brien determination, where the authority
put miss O'Brien out of work for seven weeks of

(16:24):
her three months non competition restrictive covenant.

Speaker 11 (16:29):
She's not the host.

Speaker 12 (16:30):
Who perhaps might be restrained for a longer temporal period,
but it was our high profile decision and employee employed
in a key role. So we are seeing the non competition.

Speaker 11 (16:41):
Restrictive covenants being enforced in New Zealand.

Speaker 12 (16:44):
But the reports concern, having had a look at it overnight,
was that these restraints are being applied indiscriminately across the workforce,
and that means lower level employees have these restraints loaded
in their employment agreements and that has a chilling effect,
tending to prevent them from moving on. And that's consistent

(17:08):
with ms White's Private Members Bill seeking to ban restraints
for lower paid workers.

Speaker 13 (17:13):
We don't see that.

Speaker 12 (17:14):
We see employees across New Zealand are pretty savy with
respect to their knowledge of employment law and their rights,
and if they're not happy with a restraint, they'll approach
their employer directly and seek to negotiate a satisfactory outcome.
Most of these cases are negotiated, Mike. We don't end
up in litigation often, and the resolution usually is by

(17:38):
the departing employee proffering undertakings in respect of confidentiality, intellectual
property and non solicitation. And often that will protect certainly
and employer's legitimate proprietary interests that they have.

Speaker 2 (17:54):
Is there a little bit of cut and paste from
the corporate side of the equation? In other words, if I
do one, I can do them all and just make
it easier on the self administratively speaking, And that is
part of the problem.

Speaker 9 (18:03):
Oh, you're absolutely right.

Speaker 12 (18:04):
They're all the same, And it comes down to.

Speaker 11 (18:09):
The pointy end of the relationship where an employee is
seeking to leave, an employer is seeking to enforce the
restraint and may need to ask the authority to vary
the restraint to ensure that it is reasonable to uphold.

Speaker 2 (18:24):
All right, nice to talk to Jennifer. Appreciate the expertise
as always, Jennifer Mills, the employment specialist, Jennifer Mills and Associates.
I don't know that anyone's necessarily going to change the
law as we understand. An interesting poll for you from
the UK in a Moment twenty two.

Speaker 1 (18:37):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by news talks EP.

Speaker 2 (18:45):
Well, you know how this country works. We like backing
our own with a richie local hairdress of the local
cafe that knows you coffee order the trade you've used
for years. We like dealing with people who are part
of the same community, of course, so we're thinking about
that when it comes to the old Kiwi Saber, because
you can choose a local Kei Saber provided with people
you can actually, you know, like go to and talk to.
So this is Milford, the world class New Zealand owned

(19:06):
of course, local people working in local offices right up
and down the country. Milford. By the way, the people
managing your Keywsaber account are themselves invested in Milford key
Saber Fund. Same market, same ups and downs, so that
alignment matters. Everyone at Milford is personally invested in growing
the wealth of New Zealanders. They're at Milford Asset dot
Com to learn more. Past performance not a reliable indicator

(19:28):
of future performance. Of course, investment involves risk and returns
can be negative as well as positive. So Milford Fund's
Limited is the issuer of the Milford Kewysaber plan. To
read that Milford Asset dot Com again to read that
Milford qywisaber plan disclosure statement pos scare the pole. So
Burnham's about to become the Prime Minister of Britain, which
is pretty significant in and of itself, given know and

(19:48):
elected outside of the good people of Manchester. They've had
a pole. You gov ed millerband red ed twenty one
percent and this shows you how divided one that this
is labour part he members right, So joji how divided
they are in middle of band for treasurer twenty one percent,
Keep Rachel on board twenty percent. And the big one,

(20:10):
the really popular one is they don't know, which is
twenty eight percent. So six percent say we're streeting. So
you can see the bind they're in sixteen to.

Speaker 14 (20:17):
Two International correspondence with ends and eye insurance, Peace of
mind for New Zealand business, which.

Speaker 2 (20:23):
Annald morning to you, Hey, Michael. So he loves turkeys
having a go at Greenland and he hates there's the
usual story, isn't it?

Speaker 9 (20:30):
You got it?

Speaker 15 (20:31):
Trump firing verbal volleys as he's landed in Turkey for
this annual summit, saying he's only attending this year's gathering
because it is being hosted by a Turkey Strongman receip
ed Agin so much for the Europeans right, Trump is
moving on from the weatherboutter of two hundred and fiftieth
celebrations and the US World Cup soccer flop. After Trump's
intervention when Belgium one, of course, for goals to one,

(20:52):
their team posted a pick of their fourth goal with
the caption overturned this anyway after flying into anchor on board,
he is newly of a cuttery gifted jet jump resumed
his slams against Native members when their lack of support
for is around war. Now he's suggesting further troop reductions
in Europe.

Speaker 1 (21:11):
Drove in Europe.

Speaker 15 (21:13):
I was very disappointed with going to see Meantime, Trump
says the US will lift sanctions on Turkey in post
seven years ago when Erergun brought a Russian air defense system,
Trump now saying, quote, it's time. We don't want to
sanction friends. However, this is a complicated issue. Turkey has
wanted to buy the top of the line fighter jets,

(21:34):
the F thirty five Stealth Fighters, but Washington has been
concerned about the F four hundred anti aircraft system Ergon
bought from Russia. The warrior is that Ergun could train
the Russian system on the U S Stealth Fighter and
mastered the missile avoidance technology involved. At this point, many
of the Russian systems still are in their shipping containers
as they sort of play it out or doesn't. There

(21:55):
have been calls for Turkey to hand these Russian systems
to a third party. Some have suggested they should go
to Ukraine, but it appears unlikely that Ergon would go
for that. So this is a difficult question. And Israel's
PM Netnyo, who's going on the US media today contemning
everyone's intentions.

Speaker 16 (22:10):
He threatens Greece a NATO ally, he occupies half of Cyprus,
another NATO country, And the most important thing, and I
put it right on the table, he threatens to destroy
my country, the one and only Jewish state is number
two says that we have no place among the nations,
and you know what that means. And his number three,
the Interior Minister, says that he's looking forward to be

(22:33):
the governor of Jerusalem.

Speaker 9 (22:34):
Well.

Speaker 15 (22:35):
Ukraine's Salenci also will meet with Trump and Turkey. As
Trump spoke with Putin on July the fourth, no less
and says.

Speaker 3 (22:42):
I think they both want to make a deal.

Speaker 15 (22:44):
Right after that call, Of course, Putin hit Kiev again
with one of the biggest air strikes so far. So
it doesn't seem like peace now, does it.

Speaker 2 (22:50):
No, it does not. How much more can platin to
take before he bails?

Speaker 9 (22:54):
Oh?

Speaker 15 (22:54):
I am I think he's he's high and ry pretty much.
The Democrats hopes winning a majority in the Senate during
the midterm, so hinge on this seat. Perhaps they need
to swing four Senute seats, and one of the most
likely seemed to be that of Susan Collins, where oyster
man Graham Platner was running a high octane campaign despite
a series of scandals seemed to be endless. Now Democratic

(23:17):
support for Platner has collapsed after Woe claims he raped
her in twenty twenty one while he was blackout drunk.
This woman, Jenny Rassico, is speaking out about the alleged assaults,
saying Platina should up drunk at her house after she
told him not to come over, and during the claimed
assault knocked over a sewing cabinet which left a needle
stuck in the leg. So all kinds of elements to this.

(23:39):
While she says she was saying stop stop. She was
asked by CNN's Jake Tapper.

Speaker 13 (23:44):
Do grab a review high definition?

Speaker 17 (23:48):
Yes?

Speaker 15 (23:48):
She says also of this situation.

Speaker 13 (23:51):
I remember specifically him like grabbing at my chest and
I like hit his hand and I said, don't touch me.

Speaker 15 (23:58):
Well Platner, initially he responded with this comment.

Speaker 16 (24:03):
Any accusation of non consensual behavior is categorically false.

Speaker 15 (24:07):
Then he said he was taking time to consider the
best path for it. Platner has come through a series
of scandalous accusations, as you know, saying he went through
a dark time in his life with PTSD after service
in the Marines. However, as those who are backed Platinum
to this point are withdrawing their support, his top ally,
Senator Bernie Sanders, says it's time for him to quit
the race. So he's filling the burn bern. Other Democrats

(24:29):
are saying the same, and the party is cutting tires.
Platner has six days to take his name off the ballot,
and then the party has a couple of weeks to
come up with a new contender. But right now Mike
looks like a debarcle.

Speaker 2 (24:39):
Good, have a good dame. We'll see you next week.
Richard donold stateside, by the way, because we're interested at
the moment on the social media thing. I've got something
out of Australia and that weird story yesterday where Erica
Stanford they were going to ban BPNs. Anyway, the House
has passed the kids in the US Kids Internet and
Digital Safety Act. It's got to go through the Senate.

(25:01):
The Senate could be a problem meantime. And Q Britain
the National Archives they found a surviving copy of the
Declaration of Independence, only eleven of them. Some bloke was
just shuffling through some old paperworking through hold on. I
recognized this and bang, there you go a bit of history.
Turn away from seven.

Speaker 1 (25:17):
So my costing breakfast with a Vida retirement. Communities News togs.

Speaker 2 (25:21):
Had been deterte Sarah, relative of obviously VP in the Philippines.
That trial is underway. She could be removed from her post, band,
from holding public office, et cetera, et cetera. Makes it
slightly tricky. The Senate's going to vote, so sixteen of
the twenty four senators need to vote to impeach the Senate,
split between the Marcuses and the Detertas, of course, the

(25:45):
Senate's had full presidents this year alone. Each leadership change
is called a coup, so that's tricky. Two senators allied
with Deterte have been arrested in recent weeks and others
gone into hiding and it's unclear whether they can actually vote.
Can you when you're in a hiding meantime and other
troubled parts of the world, Cuba's had another nationwide blackout

(26:06):
on Monday, as their ongoing energy crisis shows no signs
of being alleviated. Because you thought Trump was going to
roll and win, did that start? It was a couple
of months ago. He's going to roll and wasn't he
So he's taking his time. So they've activated their emergency
microsystems that apparently power the vital services. The president, he
was in Britain the other day, told you about that,
and he had a crack at America, which I'm not

(26:28):
sure is the wisest thing to do. The Americans got
the stranglehold on the oil, of course, because they want
to open up the government and the country to the
international investment. But they're all communists in Cubas, so they
think their way is a better way. Anyway. The National
Assembly has approved a broad set of reforms aimed at
opening its economy. No, and knows what they hell that
means or what they are. Meantime, the US and the
Cubans are still talking. So no, no, no, we'll see

(26:52):
what happens. It doesn't look like the lights are going
on six away from seven.

Speaker 1 (26:57):
All the ins and the outs. The beiz with business timer,
take your business productivity to the next level.

Speaker 2 (27:04):
Now, good friends at the Economic Intelligence Units have put
out their list for the world's most Liverpool cities economic viability, education, stability, healthcare,
blah blah blah. Honolulu twenty five. Does that surprise you?
Hideous place, Honolulu. I'm never going back there. I mean, yes,
it's warm, but it's too expensive and no one picks
up their rubbish. The best of the UK's got fifty four.
That's Manchester, which beats London, mind you, London's expensive. London's

(27:28):
fifty six, Manchester's fifty four. Damascus not so good. Key
to Run not so good. So the top ten are
do you want to do ten to one? And we
do this with apologies to Katie. Of course, he says
top ten lists on this program are boring radio. But
this was just presented to me, I'm a victim of
my staff, and so.

Speaker 18 (27:48):
Could we get here to do a list of her
least favorite lists.

Speaker 2 (27:51):
It's not a bad idea. Let's do that for tomorrow.
She's on tomorrow after eight o'clock. Number ten Tokyo one
hundred on stability, healthcare and education. So that had well
Bencoums would to boot that only one in the top ten,
not to get one hundred on healthcare. Adelaide in Australia
is number eight Osaka Geneva, Zurich. Four is Sydney, three

(28:14):
is Melbourne. See this is the funny thing. There are
more people now going into Melbourne. Gold Coaster has gone cold.
People moved to the Gold Coast thought it was cool
until they met a lot of local gold Coasters and
thought that we need something slightly more sophisticated. So they're
headed back to Melbourne. Melbourn's got endless numbers of troubles
and yet it's the third you know, and they're going
to beat Sydney in terms of population. People voluntarily moved

(28:37):
to Melbourne. And you listen to Steve Price, he thinks
the place as a tip. But they got ninety seven
percent for ninety seven out of one hundred for stability,
perfect scores for healthcare and education. He is serious. Where
is the Economic Intelligence Unit based Mars? Anyway? So there
it is three Melbourne, two Vienna, a Vienna and number

(28:57):
one Copenhagen. Copenhagen perfect scores for stability, education and infrastructure.
So that's the second year in a row that Copenhagen
has won New Zealand. Of course, you want to know
where New Zealand is, Auckland is twelfth. They'll tell you.
I was talking to Greg yesterday. He gave me an
earful on the football. I'll give you his predictions. No
one seriously, my headdress a Greek. No one knows international

(29:19):
football more than Greg, and he beats Jason Pine. Which
is not to undermine what Jason Pine knows about football.
But Greg knows more. Anyway, I'll give you that more.
But anyway, he was saying, he thinks Auckland's back. He's
downtown Auckland. I think Auckland's back. So he had a
couple of old farts sitting in the chair. There go
Auckland's back. And that's exactly how Greg cuts it. I

(29:40):
reckon Auckland's back. To Greg, what about Portugal anyway, So
that was that. Where am I Auckland ninety five out
of one hundred and twelve. It's not bad as it
was the top ten, but it dropped. I'd put it
down to all the diesel ferries they're still buying, or
maybe I'm just making that up right, Oh, cash rate
day for the b What do we think of this?

(30:01):
We'll talk to Stephen Topless.

Speaker 1 (30:02):
Next The mic Asking Breakfast Full Show podcast on iHeartRadio
powered by News Talks at be You're trusted home for news, Sports, entertainment,
opinion and Mike the mic Asking Breakfast with Defender Trophy,
Epic Adventure, Greater Purpose News Talks.

Speaker 2 (30:22):
There'd be on seven past seven of the Reserve Bank
back to Day to update us on there thinking as
to the state of New Zealand, inc. Of the field
is split around the cash right Stephen Topless, ben Zi's
headed researchers with the Stephen Morning, Good morning. How bullish
on a high car are you?

Speaker 19 (30:36):
I mean, we're reasonably confident that rates will go up,
but I guess in some ways people are asking or
talking about the wrong thing you and that's you know,
whether or not we go today. I mean the more
important questions I think everyone needs to get their heads
around is that even the most dubbish forecaster still thinks

(30:57):
that rates are going to go up across the rest
of this year. And that's what people have got to
get their heads around.

Speaker 2 (31:03):
Do you think, though, there's a fragility amongst many of
us that if we went today, we'd go it's not
as good as we thought it might be, and you
mess with us?

Speaker 19 (31:14):
Very true, I mean there's a fragility about everything about
the economy at the moment. People do fear rate increases,
but I stress that three rate increases are already priced
into the market. So when you're thinking about your mortgage
rates and your cost of borrowing, generally, unless you're on
a floating rate, you're not likely to see a substantial

(31:34):
move in those rates given that it's already priced in.
There might you know, there might be ten basis points
of the margin yet, but we're not talking huge moves.

Speaker 2 (31:42):
Do you reckon there'll be a split boat again today?

Speaker 19 (31:46):
Yeah, quite conceivably, And you know, to be to be fair,
they went into the last meeting in the midst of
an oil shock and trying to work out what the
hell that meant, and now they're going into a meeting
where it looks like it's all done and dusted, but
nobody is certain. So it's a really difficult position to

(32:06):
be in. I wouldn't be surprised if it's split, but
I think there's less likelihood.

Speaker 2 (32:12):
What's the commentary? Do you think? Have they misread it
or have we all misread it to it agree that
what we thought would be the fallout from the war
hasn't eventuated in to the extent that we thought it would.

Speaker 19 (32:25):
Yeah, I'm not sure that any of us really knew
what was going to happen other than it's going to
damp and growth. We could put direction on it, we
couldn't put numbers on it. But I think the important
fact here is that.

Speaker 20 (32:39):
Prior to the war, we.

Speaker 19 (32:40):
Were starting to see genuine signs of growth in the economy.
The momentum was picking up. The very very easy monetary
conditions that we had were starting to do their work,
and then we got hit by the war, and now
it's basically reversed. So we're still back in a position
where there's momentum and economy and how's the leading indicators

(33:01):
that we're.

Speaker 20 (33:01):
Looking at now?

Speaker 19 (33:02):
Yeah, in the right direction. And the last thing a
central bank wants to be doing in this environment is
adding to the inflationary pressures. So all we're talking about
here is taking the foot off the accelerator. We're not
talking about them generating monetary conditions which will genuinely slow
the economy.

Speaker 2 (33:21):
Yeah, good insight. I appreciate it very much. Stephen Toplaser,
he's calling a rate hike today. He's the head of
the and Z research and of course the good doctors
with us tomorrow morning on the program to talk about
it more. Ten minutes past seven as getting NATO under
one Turkey. As you well aware, US presidents arrived, usual
collection of threats. Greenland's on the table, trip with draw
could be real. Will Denslow, European correspondent for Feature Story News.

(33:44):
He's at NATO and he's with us morning. Great to
be with you making Is this just the Trump show
or will other matters be dealt with?

Speaker 17 (33:51):
President Trump looms hugely over this summit, and we've seen
that with his entrance. He was greeted with huge pomp
and ceremony from Resship Duan, the Turkish leader. They had
a bilateral chat in which President Trump turned his attention.
When asked by questions from the press about whether the

(34:14):
United States has committed to NATO, he once again railed
against European allies, questioning whether they should keep control of
Greenland for example, once again retreating that he felt that
European allies aren't pulling their weight. So once again a
President Trump and his contentious relationship when it comes to
fellow NATO allies once again held large butt. Mark Ruter,

(34:38):
NATO Sector General, is very keen to stress that NATO
allies are a collective. He made a World Cup comparison.
He said that the NATO alliance is like a football team.
You can't just have an alliance based on one brilliant player.
It takes a collective. That is the message that NATO's
leadership is very much trying to hammer home at this
summits here in the Turkish.

Speaker 2 (34:58):
Capital and how much time will we spend on Ukraine
and will Zelensky get a Zia defense that he wants
so badly?

Speaker 17 (35:04):
Well, He's President. Zelensky made a compelling address. He said
that Ukraine essentially has everything it needs with that one
caveat of air defenses. He urged European allies in particular
to do more to not just rely on Patriot missiles.
There's a US manufactured air defenses that have been so
valuable for Kiev over the past a few years. He

(35:26):
said that Europe needs to do more when it comes
to ramping up its own defense procurement. We've heard similar
messages coming from European leaderslikes at Ursula Vondo and European
Commission Present saying that there needs to be more collaboration
with Ukraine when it comes to the industrial defense base.
So very much a strong talk of collaboration for coordination,

(35:48):
but of course what matters most for the Ukrainian people
is hard hardware and getting that to the people that
need it as quickly as possible. So at the moment
it's just rhetoric, and President's Lenski will certainly be hoping
that some of these words will we met with tangible
action as well.

Speaker 2 (36:05):
All right, mate, well you may catch up tomorrow see
how we go. Will Dennislow, who's the European correspondent for
Feature Story News out of anchor for US this morning
thirteen past seven, Mike, I can never work out why
they already price rates in before the ocr goes up,
seems like putting the fuel price up for the oil
goes up. It's a very good question. And if you
watch the press conference this afternoon, and I'd recommend you
do it, because she's very being about Bremen, very very

(36:30):
keen on being open. Someone's going to ask the question
as to all they should if they've got their wits
about them, as is the market doing the job for
the bank. So, in other words, the wholesale rates, which
is what the banks base a lot of their money on,
they don't actually need the OCR or the Reserve Bank
to tell them what's going on. They're working it out
for themselves. They're getting their money from elsewhere. People are

(36:52):
making up their own minds. So in other words, the
pricing and factor has happened before the OCR, before the
Reserve Bank comes. Because the Reserve Bank, of course makes
all their announcements on set dates. Market's already sorting itself out.
So there'll be a question there this afternoon, as is
the market doing the job for the Reserve Bank, So
that hopefully answers to a degree. Anyway, you question fourteen

(37:13):
past biggest deal in the history of Australian suport yesterday
This is the NRL rights of which Sky and New
Zealand are a part of, of course, so we'll look
at this after seven thirty sixteen past New Zealand Initiative
new report. They've been looking at our economy, tracking our
success across more than one hundred measures. Say, road deaths,
for example, have fallen dramatically over the decade, smoking rates
down formidably. Productivity though bit of a problem. Oliver Hart,

(37:33):
which doctor Oliver Heart, which New Zealand Initiative executive director,
one of the authors of this reporters with us. Oliver Morning,
Good morning Mike. Overall, are we winning or not?

Speaker 20 (37:44):
We're both, I mean, on some measures, we're improving dramatically.
On other measures, we're still lagging the world behind. If
you look at broadersks. You mentioned we had more than
eight minute fatalities on our roads in the nineteen seventies.
That's down to under three hundred. Still to many, I think,
but it's a suspact success story. Nevertheless, because we've got
way more traffic and way more people, infant mortality has
equally collapsed. We now have also better connectivity. We have

(38:06):
more over phone connections than we have people in this country.
So some things are improving all the time on other measures,
of course housing affordability for example, but also productivity. It's
a different story.

Speaker 2 (38:17):
So what about life expectancy for example? Of course it's
getting better and bitter. But is that our story or
is that basically the Wisdom world story We've gone along
with everyone else.

Speaker 20 (38:26):
I think it's the letter. I think we're going along
with everybody else because we know we have better nutritionally says,
we have better medical care, we have better pharmaceuticals available.
So in a boy, we're just doing what the rest
of the world is also doing. But still the result
is that life expectancy is improving dramatically. What we also see,
of course, is a massive demographic shift. In the nineteen seventies,

(38:47):
the median age was twenty five years, meaning half the
population under twenty five, half the population over twenty five
years of age. That is now thirty eight years, which
is still relatively young by developed world senders, but it
is a massive increase in aging.

Speaker 2 (39:02):
Interesting. You talk about the resort, you talk about productivity
and the gap to Australia in places like it. The
Resource Management Act, you say nineteen ninety one made a
bad situation worse and generally upsetting people is not something
that politicians do anymore. Hence we are in the quandary
we're in. And yet you isolate out Stanford and her
education reform as being example a big bowl and getting

(39:24):
on with it, almost like the Douglas era. So is
that our conundrum? We don't Douglas the way we used to.

Speaker 20 (39:33):
I think that's exactly right. What really stands out about
all the improvements that we've tracked as actually these improvements
almost happen automatically. We have fewer deaths on the roads
because our cars are getting safer, for example, well that
it doesn't require any great reformist politician. And of course
we're living longer because I med sense are getting better.
And again this is something that just happens automatically. Where

(39:54):
we're facinating or going back forth. Are usually those issues
where it would demand bald reformers to actually improve a situation,
we haven't really had them. With a few exceptions like
eric A Sentfort on education. She's doing a remarkable job
turning around the curriculum, the assessment system. She's getting into
teach her education soon, so she is actually making a

(40:14):
real difference that we will probably see in the statistics
in year to come.

Speaker 2 (40:17):
Yeah, good stuff. Nice to talk to Oliver. Oliver Heart
which out of the New Zealand initiative, Australia now squeezes
seventy seven dollars for every hour of work, Britain is
sixty eight, New Zealand's not quite fifty and Australia now
produces more than half as much again as a New
Zealand one. And if that doesn't worry, nothing does.

Speaker 1 (40:35):
Seven the mic Asking Breakfast Full Show podcast on iHeartRadio
powered by News Talk zebby.

Speaker 2 (40:46):
Very happy to report that unstoppable savings are on now
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(41:09):
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By the way, I've told you about this before, but
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(41:31):
Red Seal to win a family escape to Fiji for
four that's valued at fifteen grand. You do it in store,
do it online, but you do it at Chemist's warehouse,
Click and collect. Yes, that'll save your time, fast delivery.
They'll get it to your door quick. Smart teasencees apply
on that, but it all ends the twenty second of July,
so you better get on with it. You head into
the chemist Warehouse and of course when you do that,
you stop paying too much as ski coming up seven

(41:53):
twenty four. Hard to reconcile, I know, but the power
of the power of self interest is never to be underestimated.
Retail in New Zealand is loving the look. They reported
the EU who this month started a new tarifon cheap goods.
It's three euros per package for anything under one hundred
and fifty euros. It's aimed at Timu and Co. Of course,
easy argument to make. I mean, who likes Temu? Who

(42:15):
likes cheap, nasty, tacky, plasticy stuff that pollutes the world
and has made in mass factories paying people dirt wages,
if not slave wages, answer heaps of us. Nothing sells
a product to more people more often than a cheap
price tag, and that is why China is a powerhouse,
and that is why our teamors have conquered the world.
So retail New Zealand wants us to do an EU
and tariff the same way. Now, trouble is, we're free traders.

(42:38):
We basically invented free trade. We are good at free trade,
and in terms of doing business with the world, no
one operates an easier access marketplace than us, and boy
have we are we doing well out of it. So
given that you can't then go and be something else
when it suits you, tariff's a poison. And because for
every person you protect, someone else picks up the bill.
And for every tariff you generate, you invite another player
to generate one back. We are the luckiest of consumers

(43:01):
right now because we have lived through a moment in
history where tariffs and there destructive outreaches have been on
full display thanks to the US President. For a while
there it looked like the free trade train that had
built up a serious head of steam over the past
fifty years was in danger of being completely derailed. The
US unilaterally and randomly applied numbers to goods pulled out
of a hat. The Supreme Court quilled it. Thank god,

(43:22):
it's still not over. But Trump, to paraphrase his maloney
barb back and forth. People come and people go, and
as a result, normalish business will be resumed with a
Rubio or Vance or Newsom type White House. Meantime, as
we revel in our continually record breaking revenue streams from
beef and lamb and kiwi fruit to indige the US,
China and the EU, it is no time to be
sending mixed messages on the way we conduct business. So

(43:44):
retail in New Zealand back in your box, pasking. Mike
Ani made a deal with New Zealanders back in May.
The subremen she wouldn't bring forward a return to neutralocr
if she didn't see second round inflation effects. There has
been scant evidence of this on hold as the only
outcome today. I couldn't agree more. I'm in that camp
and there's nothing there to see that whole Oh my god,

(44:05):
plastics through the roof, oils back down. Things are trending
back down. Every forecast going has inflation coming back down
all by itself. It doesn't need the Reserve Bank to
come out and go in your box, Mike, how do
we change that productivity? He talks of, how do we
change that? How do we increase it to Australia in
the UK's level. I don't understand. It must be thick.

(44:26):
You're not thick, Andy. The productivity debate is the great
modern conundrum, and that is, I mean, the obvious one
is it's basically doing more with less technologies. Your classic
easy answer farmers are some of the most efficient in
the world in this particular part of the world. But
we've never been that productive. If you want to read
a very good piece I think it was in the

(44:46):
Sydney Morning Herald the other day, do you know who
the most productive in terms of productivity per capita? Is
what you're looking at? Productivity or GDP per capita is
what you need to read. The most successful country in
the EU at the moment is Poland, and you wouldn't
have said that. And they've had a revolution and a revelation,

(45:07):
and so you don't normally look at Poland as being
a particularly productive or successful country, but they are. So
have a look at that. The major powers of Europe
ast struggling. This country is in rude health. Have a
look at that, and that'll give you an insight into
how productivity should work and why it never really has
in this particular country.

Speaker 9 (45:25):
Right.

Speaker 2 (45:26):
NRL big big bucks, record breaking bucks for rugby league.
Talk to the head of Skye after the news which
is next here reviews talk.

Speaker 1 (45:33):
ZB the newsmakers and the personalities, the big names. Talk
to Mike the mic asking breakfast with Bailey's real estate,
your local experts with national and global reach.

Speaker 2 (45:45):
News talks had been by Continue to a politics whensday,
of course, twenty three minutes away. The NRL yesterday confirmed
themselves as the most valuable sport in Australia. Are with
the new six and a half billion dollar deal that
takes writes out to twenty thirty four sky teas a year.
Of course the Foxhell Minds Zone package. Sofie Maloney is
the CEO of Sky Television and as with us for
a good morning Mite, how you doing very well? Indeed,

(46:09):
was there ever any doubt that it would go the
way it did for you?

Speaker 13 (46:14):
Well, we definitely believe and have confirmed that we are
the home, the right home of rugby league in Arcero
in New Zealand. Obviously, the fandom of the Warriors in
recent times, as you and I know, has been remarkable
and so we're absolutely thrilled that the combination of our
free tooware offering with our premium sport has delivered this
outcome and a seven year deal to twenty thirty four,

(46:37):
you know is excellent for our company and for US yearholders.

Speaker 2 (46:40):
The free toowar component. I watched the whole thing yesterday
with Landys and Code that the free toowear component seems
to be a big deal to him. Do you have
to bend a lot to make the free to wear
aspect of your part of it work?

Speaker 13 (46:53):
The freeware free toware offering is absolutely vicel Mike, you
spot on and know we're really comfortable with what with
what we're doing. In fact, our sales team are already
chomping at the bit to see if they can go
earlier than twenty twenty seven with some of the rights,
but really comfortable and the acquisition of three and three
now it was part of the strategic context for us,
and so yeah, it was a very very important part

(47:15):
of the deal. And it also means that, yes, you know,
we'll be looking at our sports pricing going forward, but
equally we have this opportunity to monetize with advertising clients
through the free do were and free to we're offering.
So we're really excited about those two components.

Speaker 2 (47:30):
They asked the Foxtel bloke, but you know about how
do you make this work? Do you bid what you
can you know, do you bleed money and then work
out how to pay for it, or do you go
in with something knowing you can afford it.

Speaker 13 (47:43):
We certainly look at our data, We look at the
viewership and then we have a you know, a pretty
impressive valuation model which tells us what the range is.
And you know, back in twenty nineteen it was a
bit different with the Rugby deal. We were in a
different position in terms of this context, Mike, We're really
comfortable with what we put forward, we were comfortable we

(48:04):
didn't have to have all of the rights. That puts
you in a very strong position. And so where we
are is a place that we can drive great outcomes
to customers and also for shareholders.

Speaker 2 (48:16):
And listening to Blandes yesterday, I mean the numbers tell
the story. It's more valuable than the AFL, which in
Australian context really says something. Where does it sit for
you compared to rugby?

Speaker 13 (48:29):
Well, you know I've said this before and nothing rates
like the All Blacks in this country and we've seen
that last weekend and we're really excited about the series ongoing.
But certainly rugby league has been growing in bandom and
you know the rights value that we've put forward reflects that.
And to be able to work alongside of partner effectively

(48:49):
for eight years from now to really grow that fandom
and monetize and you know, we had the way the
deals work micas we we agree fix license fee, so
we have certainty on what that value is right.

Speaker 21 (49:00):
Over the term.

Speaker 2 (49:01):
How important is it? The Warriors are excellent.

Speaker 13 (49:06):
Great question. I think there's something really interesting with the Warriors,
the fandom there that is not necessarily attached them winning
every game because of the way they go about what
they do. I think, Cameron George Andrew Webster, you know,
I think there is a remarkable team there, and I
think the fandom something about it that isn't just about winning.

(49:27):
It's the way they show up, it's the way they
engage their fans and their social media is to use
the term as out the gate. So yeah, I think
there's something really special and I don't think it's just
about winning on the field.

Speaker 2 (49:38):
It's interesting, what's your role or voice in the twentieth
team and how desperate are you that that twentieth team
is here.

Speaker 13 (49:47):
I'm not desperate. The value we report isn't predicated on that. Obviously,
local rbs will have some residents if it was to
be in New Zealand. But you know, at the same time,
there is something about the war and being a national team.
But of course, if the Australian Rugby League Commision and
Peter Valandi's decides that New Zealand is the right home

(50:07):
for the twentieth team, then we'll absolutely lean in and
look to grow the fandom to the sport.

Speaker 2 (50:12):
And watching him yesterday, he sees to Design's got hundreds
of millions of subscribers, and he's talking about America, and
he's talking about he's talking global. Is that real? Do
you think?

Speaker 20 (50:23):
Well?

Speaker 13 (50:24):
I think Peter Valandi's and Andrew and I've done a
phenomenal job with this renewal. I think they're the Vegas round.
I think has been an impressive play.

Speaker 20 (50:34):
But I think the American.

Speaker 13 (50:36):
Market for any sport is a challenge. But of course, again,
we're really comfortable with the rights that we have. I
think de own has got an interesting business model. It's
quite challenging to make work in every market, but no
doubt with these rights they'll be wanting to monetize them
as far and wide as possible.

Speaker 2 (50:55):
Related matters. You're the first expert I've got on to
talk about. This has become a personal fascination of do
you reckon at forty five bucks? For the World Cup?
And TV and Z they're making any doe.

Speaker 13 (51:05):
I think that obviously that's going to be a question
for Jody over at TV and Z. But I thought
that I thought the price thing was pretty smart actually,
the way they did it. I think that I think
the advertising sides, we think it's been pretty impressive.

Speaker 19 (51:20):
So yeah, my bit would be.

Speaker 13 (51:22):
They have done well with these rights. I mean, we
FIFA as a phenomenal tournament always catches the imagination and
so you know, as I said at the time, I
would have loved.

Speaker 20 (51:31):
Us to have won those rights.

Speaker 13 (51:32):
But you know, we have partnered with TV and Z
to distribute to pubs and clubs around the country.

Speaker 19 (51:38):
So we're really pleased.

Speaker 17 (51:39):
With that partner.

Speaker 2 (51:40):
So just so I can't I can't work out the iconifight.
I can't even remember what his name is, the guy
you know, the Irish guys coming back, so that fights
at forty five bucks a fight an entire tournament, entire
tournament's forty five dollars worth, hundreds of hours worth. I
would have charged one hundred and forty bucks for that.

Speaker 13 (51:57):
Yeah, so I we we would have potentially charged to
you know, he had a look at it. But I
think that I think they obviously did the work. I
do think having the same price as the fight pass
may have been part of their thinking. I really don't know,
but but overall I think that they will be my senses,
they'll be very happy and I think, you know, congratulatings,

(52:18):
congratulations to them because Tenanically they've done their jobs so
and there is a real role for TV then in
this market in terms of sports. So yeah, good on them.

Speaker 2 (52:28):
Good on you all right now, I was talking to you,
Surphe you appreciate it. Sophie Maloney, who's the CEO of Sky,
she's up. She's in Sydney for the Origin tonight, so
she's up early for us. My heddress of Gregg has
he spoke extremely highly of England and so he sees,
he says, and honestly, no one knows more about football
than Greg. He he says, do not rule out he

(52:50):
had Argentina winning this morning. By the way, he has
England beating Norway without a break. He said if he
if England can beat Mexico at altitude, dude, they'll beat
Norway no problem at sea level. So he says, do
not rule out England and France in the final and
would that or would that not be one for the ages?

Speaker 1 (53:09):
And that's how Gregg cuts it.

Speaker 2 (53:11):
Sixteen two good the.

Speaker 1 (53:14):
Mike Hosking Breakfast Full Show podcast on iHeartRadio, Power by
News Talks.

Speaker 2 (53:19):
It'd be Mike was looking at getting the soccer now,
but they're still charging full price. Be half a tournament
cheeks that that's such a New Zealand view of the world,
isn't it. I mean, honestly, if you wanted to, I'm
just saying to Sophie, I mean the conom MacGregor fight,
A singular fight is forty five bucks. Boxing's forty five
bucks for a for a small card to boxing. You

(53:39):
know you've seen the entire too. I would pay forty
five bucks for the final if I was interested in football,
which I'm not really, but if England played France in
the final, I'll play forty five dollars and I'll watch it.
It's like, you know, it's a bargain, Mike Sky, sports
crazy expensive. Why can't I just pay for the sports
I want to watch? Well, because technically speaking, it's nigh
on impossible to Some sports don't pay for themselves. And

(54:00):
you know if you say I only want to watch
the snooker, then there'll be a lost leader on that.
And that's how they that's how.

Speaker 18 (54:05):
They're not just cameras and you know technical cruise and
mark satellites dedicated to every single thing that's happening all
the time.

Speaker 2 (54:11):
And they're just sitting there standing by, waiting for the
first whistle, and Sky just turned them on. But there
they go. It's a little more complex than that. Do
you know why there's no one in the country at
the moment? So I received this morning. In the early
hours of this morning, I received photos from Andrew Orderson,
who does the sport except when he's not here, which
is quite often he turns out. I thought he was
there for the cricket because I heard him reporting from
the cricket the other day. But this morning I received

(54:33):
a photo on my phone, several photos on my phone
of mister and Missus Ordison, along with the two little Ordisons,
sitting at the Farmer's Dog, which, if you don't follow
Clarkson's Farm is his pub. So he was at the pub,
and he'd been at the shop, and it looked at
brandon A. It looked nice. They're having just a magnificent
summer and it didn't look that busy, which I found
to be interesting. And then I just received another photo

(54:54):
this morning from the Boss who's in America. He's at
the Peterson Car Museum this morning, having been at the
baseball yesterday. And there's some other Disneyland that's not Disneyland
in Los Angeles. He went to the original Disneyland, and
then he went to another Disneyland, so he's been at
two Disneylands. Then he went to the baseball then he's
at the Peterson Car Museum. Then he's going to go
on an aircraft carry then he's driving to San Diego.

(55:16):
Then he's crossing the border into Mexico, and he may
turn up and he's doing all this about you know,
six or seven days. So there's no one left in
the country at the moment, so part of the spending.
Somebody texted me before saying does the spending data include tourists,
And the answer, of course is yes, because as a
person who's selling jendles, you don't care who's buying the
jandle's money's money. But of course a lot of the

(55:37):
money in the country at the moment is not here.
It's off overseas being turned into American dollars and euros
and pounds. Because if you look, I'm sure if we
went downstairs and looked at the music stations, I guarantee
you half the music breakfast shows aren't here, not a
very few of them actually work. Half them we'll be
in Europe, half of them will be in Paris. Jesse Mulligan.
Is that his name? The other food guy, Jesse Mulligan.

Speaker 22 (55:59):
I don't think anybody can remember what his name is.

Speaker 2 (56:02):
He in Europe for a month. He's in Europe for
a month, for God's sake, just asking about the face?

Speaker 22 (56:08):
What is he eating food professionally over there?

Speaker 2 (56:10):
I don't know what he's doing. But anyway, there's no
one here. It's just you and I. So this is
just this is almost like a little podcast.

Speaker 18 (56:16):
There's the Husk and a couple of guys, but I'm
not the Hosk T shirts on exactly.

Speaker 2 (56:20):
And that's it. It's nine away from eight the.

Speaker 1 (56:23):
Make Hosking Breakfast with Defender Trophy Newstalm sad be.

Speaker 2 (56:27):
I can see Robbie Frankevic has passed away great racer
from the late sixties. And and I was reading that yesterday,
John Mike, I'm not a football fan, but bought the pass.
I have to say I've loved the whole thing. Have
never watched so many games. Plus they had condensed matched
highlanch short high lanch blah blah blah. I must say
that I became immersed in the Egypt game this morning
moderately immersed. I mean I wouldn't get up early to

(56:48):
watch a game. There is a game on Friday. Greg
was telling me there's an important game on Friday that
he reckons is going to be and I think it
involves Morocco and he said, if you want to see
top level football, that's the game to be watching on
Friday morning. Interesting story this morning. And I've told you
this is coming and I don't know what to do

(57:09):
about this. This is out of Wellington, but I've seen
it in Auckland. Trades are now charging up to thirty
percent more for clients on streets with no parking. So
this is what the councils, with their fixation with getting
rid of cars and causing problems, haven't taken into account.
So this is Wellington plumber. He's charging thirty percent more
because he's got to deal with cycle ways, no parking,

(57:30):
bad access to the house. In fact, they're thinking twice
about troublesome streets. So Wellington particularly is a problem. You know,
they've got garages at the bottom, steps up to the house,
the whole thing, etc. As we drove around Evans Bay
on Sunday, Katie was looking at the what do they
call those things the cable car you take from your
garage at the bottom up to.

Speaker 22 (57:48):
Your house of vernicular?

Speaker 2 (57:50):
That's it? So those are on the side of the hill.
What's a vernicular cost? And if you're sitting at Evans
Bay right, you got your house up the top. See
when I was living in Karori, I couldn't afford of
vernicular and I had one hundred and thirty five steps.
So from my garage I walked up one hundred and
thirty five steps to my house each and every day.
Fantastic for the heart health. That's why I look the

(58:11):
way I do at the age of sixty one.

Speaker 22 (58:13):
It's finnicular with a F. Do you get it? Can
you get them on TMU?

Speaker 2 (58:18):
No? But these ones around Evans Bay they are serious
pieces of construction. They look like you'd find them in
a ski field anyway. So at some point you're saying
to yourself, I need a funicula to go up to
my house with my groceries and that must be anyway
back to my point.

Speaker 22 (58:34):
One hundred and fifty to two hundred. According to Jimini,
no way do you trust him?

Speaker 2 (58:38):
And I what's claude say? I reckon Claude's going to
come up with a different number.

Speaker 22 (58:42):
And we get them to fight. What would you pay
to see that fight?

Speaker 9 (58:45):
Anyway?

Speaker 2 (58:45):
My point being, I'm downtown the other day, not at
Griggs but another place, and I'm looking at the car
parks are now festooned in the central city with tradees
and if you've been in costs, I went into a
cow park the other day it was twenty four bucks
for I don't know what it wasn't for that long
twenty four dollars. Now, if you're a tradee who turns
up at seven and you're not leaving till five or

(59:05):
six at night, even if you get the early bird,
you're paying a fortune. Now who's paying for that? You
know who's paying for it, the person who's doing the work.
So that's cost plus accounting and that's what these counts.
So in Wellington, unless you got the fornicular, the guy's
not coming to solve you hat because you've already got
no parking. And then in Auckland there's no parking either,
so everyone's parking in commercial car park buildings and they're

(59:26):
paying thousands and thousands and thousands of dollars added to
when you're given job, and if you're on a major reno,
you're talking nine or ten different vans at a couple
one hundred dollars a day. The whole thing's insane. And
that's productivity for you, exactly. It's an example of a
lack of productivity. You haven't even got to the job,
and already the price of the jobs going up because

(59:47):
we haven't thought this stuff through.

Speaker 22 (59:49):
Could we get a car stacker when we get the fornicular?

Speaker 2 (59:51):
Very good point. Who doesn't love a car stacking unless
you're the one on top and you don't want to
be on top. Also, I've been told.

Speaker 1 (01:00:00):
In a noisy world here yourself think it's the mic
Hosking breakfast with Vida, retirement communities, life your way, news,
togs Head, be Th stays time in Disteller.

Speaker 2 (01:00:15):
Here exe no question as to who this is a.

Speaker 5 (01:00:18):
Good love will die, don't forget.

Speaker 2 (01:00:23):
She is a modern mystic, using the language of dance,
light body, and rhythm to express the same truths once
carried by the Akabbalists or the Kubbalists. She moves through
portal's brokenness, paradox, temptation, betrayal, testing, lineage, and dissolution, not
as a narrative, but as initiatory stages in a spiritual journey. See,

(01:00:46):
this is much better writing. Whoever writes most of the
crap albums is be less competer that that's I mean,
obviously that's all crap.

Speaker 22 (01:00:53):
But yeah, and I didn't understand a word of it.

Speaker 2 (01:00:55):
But it's eloquent crap. Madonna presents herself as not this
is an exposed icon, but as a concealed presence. Madonna's
genius has always been the ability to smuggle meaning into
the mainstream. But Confessions Too is her most ambitious act
of smuggling it. This is Confessions Too. Find Way, and

(01:01:17):
there's a lot of it. There's sixteen tracks, and there's
over an hour of Madonna, one hour and three minutes
of fifteen two get amongst it is amnus past aay's
time for politics Wednesday, and we find to join us
this morning. Jenny Anderson, Mark Mitchell, good morning to you both.

Speaker 4 (01:01:40):
Mike.

Speaker 2 (01:01:40):
I'm sorry, but what were you saying, Jenny?

Speaker 4 (01:01:43):
I just think good morning to you, Mike. How are you?

Speaker 2 (01:01:47):
Thank you? Jenny, I'm really well.

Speaker 4 (01:01:51):
I had a bottle wine to give you this morning,
and I had to tune around and come back Oh,
I know. I'm loving with the pain of getting up
early in the reason.

Speaker 2 (01:01:58):
Well, there's no reason. What this getting up for no reason?
No one gets up for no reason. Jenny. You're you're
in an election campaign. You're on you're on the pathway
to electoral victory, potentially to run this country and become
a minister of some sort.

Speaker 9 (01:02:12):
Quote you're on that quote you No, I'm.

Speaker 2 (01:02:15):
Just talking theoretically. That's your reason for getting out of
be in the morning.

Speaker 4 (01:02:18):
All right, right, Sorry, Sorry, I thought you're prophesizing or
something like that. No, can I just have a bottle
of wine to give you color sipena?

Speaker 2 (01:02:25):
Mark as well, Ring, who do you? Ring? Fedix d
H L Ring, DHL Caurier to me, h, pick it up,
put it on the one out, get on if I
can take it. I am. We should have, but we
should the reason for this as Ginny was coming in
this morning, as was Mark. But Mark, once again, who's

(01:02:46):
But we've been trying to arrange this for seventeen different times.
Every time Mark, you insist on calling a state of emergency,
and you've got.

Speaker 9 (01:02:53):
To stop it. Getting the way, doesn't it? That will
make it? We definitely make it.

Speaker 2 (01:02:59):
Weir it now what it was. To be fair, there's somebody,
you will a group of people paid money to come
and watch the show and to watch the segment. Now,
at what point, Mark, do they have a legal case
that says we gave a lot of money to a
charity and we've never seen the prize.

Speaker 9 (01:03:16):
Well, I don't think.

Speaker 23 (01:03:17):
Well, the prize also is that I'm taking them out
for breakfast, so you know, so we can still do that.

Speaker 9 (01:03:23):
But it's the huge fans of yours. I know. I'm
not going to tell you it will be too big,
it might fit through the door.

Speaker 23 (01:03:29):
But you know that popular. You're pretty popular in the country.
So do fundrais and things like that.

Speaker 9 (01:03:36):
You'd be surprised and people.

Speaker 23 (01:03:37):
Say, hey, can you take us into the studio hosting?
I said, I don't even go into the studio myself.

Speaker 9 (01:03:44):
For that.

Speaker 4 (01:03:45):
You're like trading Mark Mike. Mark's trading Mike amazing.

Speaker 2 (01:03:49):
That's exactly what he's using.

Speaker 4 (01:03:53):
I wouldn't like. I don't know if I would do that.

Speaker 2 (01:03:56):
It's very bold it anyway, we'll get we'll get there eventually.
A couple of quick ones for you, Ginny, So let's
not bog us down in a detail dance. But just
broadly speaking, that thing that National announced on Sunday, more trade,
more partners. Roughly speaking, you're not against that, are you not?

Speaker 17 (01:04:10):
At all? Not at all?

Speaker 4 (01:04:11):
Well, it seems like a good idea, but I don't
think that's a bit light on news. They're all good
things to go off and try and do. Yes, we agree,
and I look forward to seeing the fruation of that.
So yeah, we're totally supportive of increasing trading patterns. It's
a good idea.

Speaker 2 (01:04:27):
I understand this morning that you guys have also been
briefed by National on their social media regulation and you've
rejected it. Is that true?

Speaker 4 (01:04:34):
No, I don't think it's true. We've seen I think
Ruben Davidson has seen a paper. It seems like there
is division within the government on that in terms of
who is supporting it and who's not. So I think
the paper has been withdrawn from the last day I saw.

Speaker 2 (01:04:49):
Okay, yeah, yeah, I understand that because of course that'll
be sort of a free speech thing for somebody like act.
But broadly speaking, you're not against the idea of some
sort of ban on social media.

Speaker 4 (01:04:57):
I take it for you know, we're a favor and
it's looking like one of those ones where the government
will need labor if they want to pass legislation because
both add to these interest item might be supportive.

Speaker 9 (01:05:09):
Yeah, that's a good thing because it's about kids and
keeping them safe. So that's quite good to hear.

Speaker 2 (01:05:13):
Do you worry though, Mark is and I talked to
Erica a little bit about this, but I mean, you've
seen what's happened in Australia. It's just a bust. I mean,
do you want to put a law in place that
your knows not going to work just so you can
on the day go, hey, look at us, aren't we
call well?

Speaker 23 (01:05:27):
I think that you definitely have to have your best
crack at it in terms of getting the law right
so that you capture you you know, obviously deliver the
most good from it. The reality of it is, let's
be honest with social media, it's something that's not going away.
We know that it's pretty harmful. Some of it, the
content is harmful for our kids. We just have to
have a good shot being able to actually manage that better.

(01:05:50):
Give puents some tools and some skills, you know, some
additional tools from government.

Speaker 9 (01:05:54):
I mean, the look at what.

Speaker 23 (01:05:56):
The mobile phone band did and skills. It's been hugely,
very successful. The schools couldn't do it themselves, so they
needed the government to come in and give them some help.

Speaker 9 (01:06:05):
And that's what we did. All right.

Speaker 2 (01:06:06):
Brief break, Ginny, I'll get you, Let get you onto
FedEx and see if we can't get that thing moving.
Mark Mitchell, Ginny Anderson More shortly thirteen past eight.

Speaker 1 (01:06:14):
The Mike Hosking Breakfast Full Show podcast on iHeart Radio,
coward By News.

Speaker 2 (01:06:19):
Talksp News Talks, sixteen past eight, Ginny Anderson, Mark Mitchell Withthers.
Mark the Herald. You won't have seen it because you're
busy doing important stuff like emergency management. But the Herald
of trying to make a big deal this morning, some
sort of official information papers have been released and you've
got this secret quiet job that Luxon gave you on
the reshuffle as you're the assistant head of the spooks
or the sis or something. But that was that was

(01:06:41):
that not announced at the time. It was what the
hell's going on this morning?

Speaker 9 (01:06:46):
Then no one, No one paid an attention to it
though the huge announcement. It was just it was announced, no.

Speaker 23 (01:06:53):
Secret around it. It's just quite simply me giving the
boss a hend around national security and intelligence. So I've
got foll is that are heavily involved in that. We've
really focused on social convision. We're seeing what's happening around
the world with instability and conflict, and we don't want
that washing up on our shores, and it takes a
lot of hard work and focus to make sure that
we don't. So that's as simple as that.

Speaker 2 (01:07:13):
Give me an insight, Ginny. I questioned Luxing about this
the other day. I'm a little bit worried in the
early part of July that we're into the campaign a
bit soon. There's so much policy floating around, and you
run the risk, I suspect I worry of fatigue. Do
you is there's anyone sit around talk about that new
party and go, look, we don't want to bombard people
too fast, too much, too soon.

Speaker 4 (01:07:38):
We were all in trouble for not having enough policy, Mike.

Speaker 2 (01:07:41):
And now you're saying I understand not you personally, not
the Labor Party, although that's that's probably a fair, fair,
fair jab, but that just all the parties generally, just
seems we're into it really early.

Speaker 4 (01:07:53):
Yeah, I think you could be right, and it does
feel like a different election as my first now, so
it does feel like it's more frensic if that's you know,
there's not like a deep analysis of issues. We're going
through things really quickly. And I think too that even
though you and I and Mark like we talk about things,

(01:08:13):
if you meet the average person at at Riverbank markets
and the harsh or in the street, most of those
people won't know the policies from any parties. So I
don't think they're getting real cut through. And that's not
labor or national anyone. I think a lot of people
are just more concerned with the cost of loving and
getting by. They're not that engaged with what the policy.

Speaker 23 (01:08:33):
I think, well, I've I've been over the better part
of the South Island for the last four days, and
I would agree with that is that it feels like
for us and sort of out weigh bubble, that the
campaign as well and truly underway.

Speaker 9 (01:08:46):
But the fact of the matter is most of the people.

Speaker 23 (01:08:47):
That I've been around the key that I've been dealing
with in the last four days are worried about floodwaters
and issues like dressing issues.

Speaker 2 (01:08:55):
But having said that, also lux and it was off
here but he held some meeting in Lake harm over
the weekend. He had three hundred and fifty there. I
don't know what Peter's. We had a meeting in fun
Array last night. Peter's is claiming big numbers in town halls.
Is that specific? Do you think mark On Luckson's part,
because one, it's Luxon and there may be local issues,
or do you think people are sort of a portion

(01:09:16):
anywhere are engaged.

Speaker 23 (01:09:18):
Now, you're always going to get some people that really
take government seriously. They are engaged with the wider issues
and they're going to want to come out here from
political leaders. But I just think I just agree with
Jenny generally speaking, most people haven't shifted into that.

Speaker 9 (01:09:30):
Oh, we've got an election underway.

Speaker 23 (01:09:31):
Where there was a general election happening, and I just
think that, you know, once we get into the regulated period,
all the hoardings go up, and the flyers come out,
and the door knocking's happening and all that sort of stuff,
then people really start to sort of get focused and
engaged on it.

Speaker 2 (01:09:44):
When do you start campaigning, Ginny, given you're in a
genuine race.

Speaker 4 (01:09:49):
Oh, we started already, So we started in about sort
of late march with their first door knocking. So every
weekend it'll be one day I'm outdoor knocking with a team. Oh,
probably about two hundred on a good day, depends how
long people talk, but yeah, not a good day.

Speaker 2 (01:10:07):
How many answered the door? How many of two hundred,
how many actually are home ready to do something?

Speaker 4 (01:10:11):
Well, it's a direct result of how bad the weather is.
So if you can, if you can stomach a bit
of rain, then they're all home.

Speaker 11 (01:10:17):
But if it's a.

Speaker 4 (01:10:18):
Beautiful day, then people are out the park or doing
other things.

Speaker 2 (01:10:21):
And the two D. How many tell you to f off?
How many get agro versus a relatively.

Speaker 4 (01:10:26):
Pleasant Well, we're able to screen out the ones we
know are clearly not not anywin near are, so we
would like to do not people who are who are
we know a labor or are persuadable in the middle,
that's the people we're interested in.

Speaker 2 (01:10:37):
There we tell you that they're persuadable. Brian down at
number forty two is a bit persuadable. How do you
know that, Well.

Speaker 4 (01:10:43):
You'll know because we've engaged with them before. So we
have a system which we can lock up people and
find out how they potentially have if they've been rung
or contacted through a previous local body or general election,
and so we've got a good thing. Sometimes that's not
completely accurate, but it's always a pretty good indicator. Never
been told to If off, people are usually pretty pretty nice.

(01:11:03):
If they don't share your views and they're not interested
in conversation, they're usually pretty polite about it.

Speaker 2 (01:11:08):
What about you, mate?

Speaker 9 (01:11:10):
So I've had either had one bad experienced door knocking.

Speaker 23 (01:11:12):
It was when I was the first year that I
campaigned and unfortunately I had my daughter with me and
we on the door of a guy that was taking
mephetamine and hit it.

Speaker 9 (01:11:22):
So yeah, and put here sad sadly it put it off.

Speaker 23 (01:11:25):
But I have to say I'm not very good at
door knocking because I like having a chat and you
need to move on you.

Speaker 4 (01:11:32):
I've had I've had a few, like naked people and
weird things like you do get.

Speaker 2 (01:11:36):
Okay, is that like a hut?

Speaker 9 (01:11:40):
Is it?

Speaker 4 (01:11:42):
Look you just because you're going into someone's house, you
just and don't know what you're going to get. I
didn't mean, I mean that's done a lot of door knocking,
but you do get some funny You have to go
to the pub afterwards and have a beer and a
bit of a debris to the.

Speaker 2 (01:11:53):
Door naked or they invite you.

Speaker 4 (01:11:56):
I've had like just see me noticy outring the door
and you're kind of just like, whoa, it's okay, thanks man.

Speaker 2 (01:12:03):
But as long as they both to.

Speaker 4 (01:12:05):
The door, give them a fridge making it and run
pretty much.

Speaker 2 (01:12:10):
Okay, fair enough, Hey, listen, I get onto the DHL.
Don't let me down on that, Jinny. I appreciate it
very much.

Speaker 4 (01:12:14):
Yeah, I think about it.

Speaker 2 (01:12:15):
Say hi to everyone, and then you know, we kai
Koura and blend him and all that sort of stuff.
Is it, broadly speaking, under control?

Speaker 9 (01:12:22):
Yeah, I mean has been hit very hard.

Speaker 23 (01:12:25):
We had we had two people, including a ten year
old girl, we needed to get out of kai Kra
last night, and of course we tried to get a
h one of the defense forces in H ninety and
the O. The weather was so bad cutalogs to a short.
We managed to keep them out and they're both safe
in the Blenham Hospital now, so that was good. I've
got one hundred and seventy people out of their homes.
The Maria and a couple of the community buildings have

(01:12:46):
been used to house them and will try to get
up in the here today actually survey something. There has
definitely been some infrastructure infrastructure damage, but overall no that
I just wanted to give a shout out to the
to the meors the CDM route are first responders in communities.
The response right up the whole country has quite simply
been outstanding.

Speaker 2 (01:13:06):
As it generally is these days. Appreciate it both very much.
Ginny Anderson, Mark Mitchell eight twenty two.

Speaker 1 (01:13:12):
The Mic Hosking Breakfast with Bailey's Real Estate News Talks
BB the Mic Hosking Breakfast Full Show podcast on iHeartRadio
powered by News Talks EB.

Speaker 2 (01:13:26):
Now, if you're looking at the smartest way to boost
your homes value, you know static market and all that
sort of stuff, you do it kitchens. People are into it.
They love it. You do it ud uit. So they've
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of the most pleasant conversations he is to have had
They even agreed the things.

Speaker 9 (01:14:29):
Yeah.

Speaker 2 (01:14:30):
I try and elevate it every now and again. My
thinking is we're a long way away from the actual
election campaign and I don't want to bore us all
witless before November, so it's good to have a slightly
elevated chat every now and again. Were dedicated fans understand
your enormous influence. Any change you get Wimbledon Tennis Champs
on Sky like you did with the World Snooker. I
love the snooker. Skies always covered the tents, but sadly

(01:14:51):
not this year. No, they've lost to Disney, so you'll
need to get Disney for that. Disney's coverage is incredible.
You can go to any court you want, just court three,
Court five, Court s, court eight, Court nine. But that
is the modern streaming world. You buy the rights, you
can charge the price.

Speaker 1 (01:15:11):
Credible, compelling. The breakfast show you can't bess. It's the
Mic Hosking Breakfast with Defender Trophy, Epic Adventure, Greater Purpose,
youth talks there v.

Speaker 2 (01:15:21):
The US have just revoked Iran's right to sell oil
because the Iranians have tossed a couple of bits and
pieces at a couple of tankers, and so you've got
a bit of back and forth at the moment. So
I'm just looking at the oil price. WTI is back
to seventy two and Brents at seventy five, which is
still okay, but it's you know, there's a bit there's
a bit of to and fro going on in the
straight at the moment, twenty three minutes away from nine.

Speaker 14 (01:15:43):
International correspondence with ends and eye insurance, Peace of mind
for New Zealand business.

Speaker 2 (01:15:49):
Make Murray Old's good morning to you.

Speaker 10 (01:15:51):
I like Michael good morning, good morning.

Speaker 2 (01:15:52):
A couple of headlines for you. Australia has experienced one
of the biggest drops in living standards across the developed
countries in the last five years. That's the oec D
report from Deloitte, worse since the nineteen nineties recession. Alarm
grows over sluggish economy. Does the surprise you.

Speaker 10 (01:16:11):
Well, not really. I mean what was the thing might
take away from the Deloitte report was that it's the worst.
It's the worst period of growth in the Australian economy
for thirty five years. We consumer business confidence, high interest rates,
inflation on the march, you know, growth expectations in the economy.

(01:16:33):
Deloitte just forget it. You know, it's on life support.
And as for looking standers, just go to any Harby
Normand store. They're still selling fridges, but nowhere there as many.
So you know, it's it's a tough old it's a
tough old place over here. You've got unemployment easing up.
It's not leaping up, but it's easing up. Hiring expectations

(01:16:53):
from businesses large and small on the decline. So it's
not a pretty picture, that's for sure. That's why I
has got to get a skates on it this month's
Natural conference and try and do something to count one nation,
because one nation is surging top of the box.

Speaker 2 (01:17:09):
Balling handsOn, Yeah, exactly, Elbows of course, in the middle
of the Pacific. At the moment, we've said the same thing.
It's not on. You can't come here and sit your
missiles off and see. Short of that, what happens. Nothing.

Speaker 10 (01:17:22):
Well, we could say, right, if you do it again,
we're not going to sell you any iron ore or
coal or beef. Okay, we'll go somewhere else. Oh well,
hang on a second, hang on. We need China, and
I mean what China was doing, it was just being
the school yard bully, wasn't it. I mean, there's Elbow
is signing a deal with three G and you know,
five hundred killing way, there's a nuclear missile dropping into

(01:17:45):
the ocean. It's what they can do, and it's what
you know. And China their headlines afterwards that China made
no apology for us. You know, it's entirely legitimate what
elbernezus is. Hang on, is this the best you can do?
I mean, you're supposed to give us forty eight hours notice,
I believe is the kind of unofficial timeline. We're going
to do this in forty eight hours. I mean that

(01:18:07):
wouldn't happen in a war? Would it to drop a
missile on Wellingon in forty eight hours? I mean, it's
just silly. So look, it's just China puffing up its
chest and throwing its weight around. And that's what we'd expect.

Speaker 2 (01:18:19):
Surely, it's what it does. And it's the geopolitical environment
in which we live. And I just think there are
too many people who are too self important saying too
many diplomatic type things that mean literally nothing happens that
this gambling crackdown that you got going on at the
moment with carve outs for streaming services and all that
sort of stuff. Are they in trouble on this? This

(01:18:39):
seems it's one of those things you seem to be
wanting to do something, But hold on, we'll only do
a bit of it over here, and a bit of
it over there.

Speaker 10 (01:18:46):
Why don't you do it? For as long as I
can remember. I mean, this is like a cancer. You've
got people losing everything from gambling. The stat I gave
you a chapter three weeks back. In New South Wales alone,
New South Wales is home to seventy five percent of
the world's poker machines. Can you get your head around
that one million dollars an hour is being lost on

(01:19:07):
poker machines alone. Now, turn on television. I don't know
if you've been watching the World Cup. It's just littered
with ass from bloody gaming companies. I'll hop on get
a multi. It's just disgusting because you know, there are
people out there who are doing just that. They're losing
money they can ill afford to lose. Kids are going hungry,

(01:19:29):
mortgages aren't getting paid because gambling is an addiction, Mike,
the same as smoking. I guess alcohol is all the
other addictions that we talk about. I mean, but labor
is powerless. The government's state in federal there in the headlights,
because these gambling lobbies have got a lot of money.
The the you know, the media companies that rely on

(01:19:52):
gambling revenue are very, very powerful. As well, what do
they do they you know, they're tinkering around the edges.
There's pressure on it level and indeed at state level.
But gambling lobbies have got such power. Are think governments
of any any government of any persuasion is going to
be frightened to take them on too hard, which.

Speaker 2 (01:20:10):
Which then brings us to the business of TikTok. TikTok,
we're apart. This is the anti Semitism inquiry, which is
which is individual, which is separate from your social media ban,
but tied in with your social media ban. Because this
guy Zachary from TikTok yesterday's busy saying, oh, look, we
strictly prohibit violent threats, and we don't like hate speech,
and we don't like harassment and bullying and sexual miss

(01:20:31):
But I mean, what else is he going to say? Mean,
No one believes them to they.

Speaker 10 (01:20:35):
No, they don't not when you can have I forget
which platform it was. I get a bit confused in
my old age about the different platforms. Apparently face Tube
is a thing that I'm yet to become aware of.
But there's a guy sitting there and he's saying a
platform had a holocaust a Holocaust denier up there for years,

(01:20:56):
a post for years saying the Holocaust didn't happen. I mean,
that's a conscionable What are they doing if they're not
going to weed out rubbish like that? And you know,
they twist themselves inside out to try and say, oh,
you know, it's going to be determined by AI, and
then you've got humans overseeing the AI decision. It's all
b yes, you know that, and so do why. I mean,

(01:21:16):
they're a servant purpose and regulators can well we can
buger off because we'll do what we like. Is my
big takeaway from the evidence of the last the last
two days to this inquiry. It's dreadful.

Speaker 2 (01:21:28):
Yeah, I mean they do numbers, and I'm sure the
numbers are criefd You said, three hundred and thirty six
million videos are posted on TikTok. Two hundred seventy thousand,
seven hundred and forty nine were removed, and that's fine.
I'm sure they remove two hundred seventy thousand, but they
probably needed to remove you know, four hundred and eighty
seven thousand, which they didn't, no kidding.

Speaker 10 (01:21:44):
Get rid of ninety eight percent of them made I
mean there's only so many times you can watch a
bunch of ducks crossing a road safely.

Speaker 2 (01:21:51):
Please, Well that's quite interesting for a while anyway, Murray
the plan. You're a fan of Landis, Do you like them?

Speaker 10 (01:21:59):
You're a very good operator, my goodness, fantastic operator. And
he's done a hell of a deal with Rugby League.
And there's a new team coming in from New Zealand
at twenty thirty. You got the Perth Bears, Bears coming in.
You've got Papa New Guinea coming in. This guy's a
wheeler dealer. Five point three billion Australian dollars for the
broadcast rights for the next seven years. That's a heck

(01:22:21):
of a deal. Box tell them nine. They really had
nowhere else to go. They had to sign up to
whatever money Landy's wanted, I guess because without that, A
Channel nine used to be the sporting weapon over here
will no longer. They don't have the cricket, haven't got
AFL seven's got those, So a Channel nine had to
get into bed again with Rugby League and Landy's had
him over a barrel. Fantastic seven hundred and fifteen million

(01:22:43):
dollars a year. So your salary caps are going to
go up. You're going to have centers of excellence popping
up everywhere like mushrooms after rain, and it's going to
be wonderful for the game.

Speaker 2 (01:22:51):
Yeah, exactly, good on you mate. We'll catch up next week.
Appreciate it very much. Mariel's out of Australia. Yeah, Landy's
yesterday was saying there's a salary cap apparently of twelve
million on teams at the moment. He wants to see
it go to twenty. So there's some serious coin to
be made there. Let me come back on this whole
the cycles turned, the tiders turning. New Zealand's on the
Upper Australia isn't let me come back and just quote

(01:23:12):
from this Deloit Access economics report in the moment eight
forty five.

Speaker 1 (01:23:16):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 21 (01:23:22):
A b.

Speaker 2 (01:23:24):
Right Deloit Access. So they faced the longest stretch of
sub parer economic growth since the early nineteen nineties recession.
Long run vulnerabilities are finally catching up with the country slow.
The economy is slowing sharply through the coming months. It's
going to slip below two percent first, back to back
years of sub two percent growth since the end of

(01:23:44):
the nineteen ninety nineteen ninety one recession, Ongoing inflation to
hang out around four percent through twenty six and twenty seven.
They're calling ours back down to two next year. Real
wage growth will go backwards in twenty six twenty seven.
Economic growth will mean unemployment now at four point four
is expected to average four point nine, peaking at five.

(01:24:07):
So as we come down there going up. Australia is
now structurally exposed in ways that have become hard to ignore.
Are rarely adopted. Deloitte rarely adopted such a downbeat assessment
of the short term outlook for too long. Strong population
growth has mastered a weak underlying productivity performance and lifted
aggregate growth while doing less to improve living standards. Thanks

(01:24:29):
for coming, then you come to the OECD report this
morning says basically exactly the same thing. Australia's experienced one
of the biggest drops in living standards across developed countries
in the last five years. Anywhere in the world, real
wage growth hasn't kept up with rising inflation. One of
the sharpest declines in living standards in the world. Wages
are expected to fall further. The sustained erosion of purchasing

(01:24:51):
power points to persistent pressures on household incomes, even as
the labor market has remained broadly solid. So they're going
down and we're going up. Think we can safely say
the tide has officially turned ten to nine.

Speaker 1 (01:25:04):
The Mike Hosking Breakfast with a Vita Retirement Communities News
togs Head be.

Speaker 2 (01:25:10):
I just went with the news. I just gave you
that the Americans have prevented Iran selling any more oil
for out. I mean this will last a day or two.
It's the usual back and forth, but the oil price
of spike, which means that the I think the trigger
yesterday is watching Nikola Willis, who was, let's be honest,
of the three standing there at Marsden point yesterday by

(01:25:30):
far the most visually acceptable because I don't know what
my point being. She was saying, Look, they get their
back ended weekly thing on the ninety one fuel three
dollars a liter for four weeks anyone. What all I'm
saying is the oil's gone up, so maybe that gets
gets knocked over for another week or so. Anyway, point being,

(01:25:50):
they're at Marsden Point yesterday announcing that the clearance of
the containers were sorted, the twenty one million dollars was spent,
Marsden Point set to go. We got ninety three million
in the can and we've learned a good lesson. I
think the whole thing's been. As I've said many times before,
this is not political. This is just about organizing yourself.
As I've said many times before, that plan that we
had the stage one, Stage two, Stage three, Stage four

(01:26:11):
of which we never got out of stage one, and
the backups that, you know, thinking to the future, not
being so reliant as a small nation. I thought the
Marsden Point idea was a great idea. They're still thinking
about what to do with that long term because it's
costing them. Like what they say, was it a million
a month? It's about a million a month to store
all that petrol there. I don't know that that's the
end of the world in a country worth hundreds of
billions of dollars. Not sure a million a month to

(01:26:33):
store ninety three million liters of diesel, Given that we've
learned how important diesel is, I'm not sure that that's
not a price where it shouldn't be prepared to pay anyway.
Problem is with Marsden Point. They insist on you wearing
this pale blue powder blue one piece and a hat,
a hard hat and rude goggles and gloves. Now, there

(01:26:57):
are certain people who look good in something like that
that I'm thinking immediately Beyonce or possibly Embappe. But I
can tell you for nothing, Shane Jones doesn't. And I
can tell you for nothing. Luxon's not far behind. And
so it was. It was like Weeble's wobble that they

(01:27:18):
don't fall down, look, wasn't it? And Nikola who at
least had you know, had a hair and a pony,
and she looked the whole thing. Honestly, in election year
there's got to be somebody overseeing that sort of stuff
to go, right, guys, where are we going? Marsden point positive,
very good, upbeat announcement. Yes we like it right ground

(01:27:39):
muddy means boots not a good thing. Any special equipment, Yes,
powder blue one pieces with hard hats and goggles. At
that point, I gon, we're off, we'll do it remote.

Speaker 22 (01:27:52):
I see, I like that. I like that.

Speaker 18 (01:27:54):
It was it Don Brash that time he had tried
to get into the go kart or whatever it was.

Speaker 2 (01:27:58):
That's right, that's right, it was great, brash. You walk
the plank famously. That's the other thing. All I'm saying
is an election year, be careful what you have to
wear and who's having to wear it, because that alone,
visually will take away from the entire announcement. And you go,
what an announcement? Yeah, I don't know. I don't know what
they were doing there, five minutes away from.

Speaker 1 (01:28:18):
Nine trending now with Chemist Warehouse your one stop shop
this winter.

Speaker 2 (01:28:24):
Argentina, Egypt, brilliant, current game Switzerland, Columbia boring zero all
at halftime anyway, So Argentina is down to nothing twenty
five to go messy. It does messy. They go and
win three two Here CBS Sports.

Speaker 21 (01:28:42):
I don't care if you look at his goals or
what metric you want to look at. That guy is
not from this planet. How could I sit here and
say Argentina will not win the World Cup or not
likely to win the World Cup when they have the
little magician there. That guy is not from this planet.
I don't care if you look at his goals or
what metric you want to look at. That guy is
not from this planet. He's able to add his age
by the way, he's old now at his age, able

(01:29:04):
to make the difference.

Speaker 4 (01:29:05):
I mean, how can you bet against me?

Speaker 2 (01:29:07):
If you bet against him, you're out of your mind.

Speaker 9 (01:29:09):
I was wrong. He's thirty nine, just turned thirty name
little as well. Little Magician is a big miss.

Speaker 1 (01:29:15):
I mean, yeah, more than words, he's a giant little
he is a giant.

Speaker 2 (01:29:20):
But those guys paid, are they experts? I'm doing better
commentary than those clowns? I don't know anything about.

Speaker 22 (01:29:27):
Yeah, but they have also got the tea shirts that
say I'm not the husk on them.

Speaker 2 (01:29:30):
Well, they're just true. So bape. When do Argentina? Who
do they meet? They meet England? After England beat Norway. See,
I'm suddenly become obsessed about this. I'm gonna have to
go home and ask Katie whether I can spend forty
five dollars on the rest of the World Cup because
I've come. It was it was the haircut yesterday that
was the problem. Greg got to me. I had to

(01:29:51):
go in early because I can't go on Thursday because
it's a long weekend. So I had to go early.
Got the full ear full of the world Cup Now
I'm obsessed. For goodness sake. Anyway back tomorrow more from
six for the final one of the shortened week, As always,
Happy Days.

Speaker 1 (01:30:07):
For more from the mic Asking breakfast listen live to
News Talks it' B from six am weekdays, or follow
the podcast on iHeartRadio.

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