Full Show Podcast: 08 May 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
New Zealand's voice of reason is Mike the mic Hosking
Breakfast with Bailey's Real Estate, your local experts across residential,
commercial and rural news, Togs Headborning, and welcome today.

Speaker 2 (00:12):
Good news for the New Zealand Eve numbers around our
meat industry and the financements from those job numbers as well.
We need to upgrade the cook's grade power cable. Guess
what that's going to cost. Are the film commissions on
a trade mission which must be interesting. Get in the
Hollywood tariffs at the moment. Greg Fororan in his first
I'm Leaving in New Zealand interview, Joe's and Ryan watching
cardinals file into the boating room and Rob is in
the UK Hosky Welcome to the day, seven past six.

(00:35):
So I struggle at times to say things I know
it to be easier not to say. In this case,
it's about in in New Zealand this morning. I love
in New Zealand. Don't get me wrong. I love a
New Zealand because I'm a patriot and I want them
to do well. I want them to do well because
our tourism and its success is critical. It's also critical
that our airline makes lots and lots of money. Also,
I struggle because their New Zealand is hated by a
lot of people, and not always rationally so. Flip side.

(00:58):
The media seem to fall over themselves to give free publicity.
Latest is on the retrofit of their seven eight sevens.
Are the retrofit as years over due has added to
the many woes and worries they have with engines and
lack of planes and ensuing scheduling issues. But if you
want an insight into why they struggle, the retrofit might
well be another own goal. The worst recent fight we
took was from New York to London. It costs six

(01:22):
thousand dollars each one way. It was in United's Polaris class.
They call it first class. It's crap. It was small, cramped,
hopelessly out of date compared with what the world is offering.
At the front of the plane in New Zealand's new
business Premiere and Premier Lux looks like Polaris. It would
have been amazing if it was nineteen ninety seven. I

(01:42):
watched some of the media's videos. It looks like a
bad reno, old plain, new curtains, and you pay for
the privilege. And that's the point. You pay for the privilege,
if that's the right word. It's not like they're cheaper
than anyone else. Emirates will show for you from your house.
They will give you caviar literally cavia and don pergnon.
They will make you a cocktail in the lounge. They
will give you a massage. You can close the door

(02:03):
on your suite. You have an individual air conditioning unit
in your suite. They have showers on board the plane.
Singapore is similar. Guitar a class leading in business. Quantus
next year will blow your mind with their new products.
Why are they doing all this? The front end of
the plane is booming globally. The world is willing to
pay increasingly absurd amounts of money. To fly here to

(02:24):
London is twenty thousand dollars, but demand massive. That's what
I in New Zealand is chasing with their new product.
Have a look at the video, then look at the
competition and tell me I don't have a point and
they aren't missing the boat. Not being mean, just telling
it like it is.

Speaker 1 (02:40):
Why news of the world in ninety second now the.

Speaker 2 (02:44):
World this morning. If it wasn't on edge, is now
as India and Pakistan of course go at it with
the specter of nuclear weapons at play. India says it's retaliation.

Speaker 3 (02:51):
They focused on dismantling the terrorists infrastructure and disabling terrorists
likely to be sent across to India. Deemed essential that
the perpetrators and planners of the twenty second April attack
be brought to justice.

Speaker 2 (03:06):
Pakistan side that whole non esculatory stuff isn't true.

Speaker 1 (03:10):
The figment from an imagination of India.

Speaker 4 (03:13):
They just want to justify it.

Speaker 3 (03:15):
It is a possibility of this conflict, expansion of this
conflict into.

Speaker 2 (03:22):
Broad then in Rome, then great.

Speaker 5 (03:27):
Speed.

Speaker 2 (03:31):
Sister Liz tells us why this verge.

Speaker 6 (03:33):
Is so important when global politics is in the situation
that it is, when the church is in the situation
that it is. I think this is going to be
a defining moment in the history of the Catholic Church.

Speaker 2 (03:45):
Well Father Robert outlines the challenges for the block who wins.

Speaker 7 (03:48):
The plummeting of numbers like in Germany of Catholics who
have defected from the faith, or not having baptisms, or
having to do more funerals for priests than you do.

Speaker 4 (03:58):
Ordinations for peace.

Speaker 1 (03:59):
I think that those are disasters.

Speaker 2 (04:01):
And then for reasons best known to himself, or maybe
he actually doesn't even realize he's done it at all.
That Joe's first interview post is loss has been given
to the BBC.

Speaker 4 (04:09):
Oh, it's just the Gulf of America.

Speaker 2 (04:12):
Maybe we're going to have to take back Panama.

Speaker 8 (04:15):
Maybe we need acquired a Greenland, maybe Canada, if.

Speaker 2 (04:19):
It what the hell's going on here? Is not behavy
like a.

Speaker 9 (04:24):
Republican president.

Speaker 2 (04:25):
He's sounding sprightly, though, isn't he? See's the world in
ninety By the way, if you're not up on it,
the Americans are going to talk to the Chinese. Sell
all that stuff that Trump was saying, We're already talking
to the Chinese apparently not true. Amazing, isn't it. So
they're going to talk to the Chinese about trade. Meantime,
China and the Central Bank has moved from more details.
Shortly eleven past six, the.

Speaker 1 (04:45):
Mic Asking Breakfast Full Show podcast on iHeartRadio, Power by
News talks evy.

Speaker 2 (04:52):
Tariff starting to bite. The Cox Automotive's Mainheim Used Vehicle index.
This is the States increased four point nine percent year
year two point seven percent from March alone. Is that
a lot, Yes, it is. Normally it's zero point two percent,
So its material and the American punter's paying. Fourteen past six,
break it from JMI Wealth Andrew Kellahaer, Good.

Speaker 4 (05:14):
Morning, very good morning, Mike, speaking of.

Speaker 2 (05:16):
The American feed have just spoken no what would they say?

Speaker 10 (05:19):
Yeah, no change in rates and no change was expected.
They have basically said that the uncertainty outlook has increased,
inflation somewhat elevated, risks of higher unemployment rate and inflation
have risen. So you've got rising uncertainty, you've got the
risk of stagflation.

Speaker 4 (05:35):
So it's kind of.

Speaker 10 (05:35):
Mucking around with both sides of their dual mandate for
making life quite difficult for them. They've made very few
changes to the statement that they put out. But Jerome
Power is speaking in about half an hour, and I
suspect you'll get a little bit more detail. Their markets
are just weakening off of it after that announcement, and.

Speaker 2 (05:52):
We will cover that. Back home jobs, I suppose what's
the headline? Could have been worse?

Speaker 10 (05:57):
Yeah, it could have been worse. I think I've described
the big labor market dump. Yes, so I've described the
outcome as a little mixed. The unemployment rate a little
better than expected, but wage growth is contained.

Speaker 4 (06:07):
So, Mike, if we look at this from a from
a sort of couple of.

Speaker 10 (06:09):
Angles, we had concerns last year that the unemployment rate
would creep quite a bit higher than five percent. They
don't look like they're going to eventuate. So from an
employment point of view for New Zealand Inc. This could
be a nice stress, could be close to the peak
in unemployment. And then we always think about the monetary
policy implications, and I think the benign nature of wage

(06:31):
inflation in that da ES so that just doesn't stand
in the way of further OCR reduction.

Speaker 4 (06:36):
So I mean, quick look at the numbers.

Speaker 10 (06:38):
Unemployment rate five point one percent, below expectations and unchanged from.

Speaker 4 (06:42):
The previous quarter. If you only looked.

Speaker 10 (06:45):
At that, you'll be forgiven for thinking that employment the employment.

Speaker 4 (06:48):
Market was robust.

Speaker 10 (06:49):
But you look a bit deeper and the signs are
lot as rosy as that outcome suggests. You know, participation
rate nudge down, abit working age population grew zero point
two percent.

Speaker 4 (06:59):
It's small growth in the labor market.

Speaker 10 (07:01):
The quarterly employment survey show that filled jobs came in weaker,
down zero point four percent.

Speaker 4 (07:07):
So you've got spare capacity.

Speaker 10 (07:09):
Evident, full time jobs are falling, part time jobs are lifting.
A zero point five percent fall in full time jobs
in Q one, it's now down one point nine percent
year on year. And if we have a very quick
look at wages, the private sector labor costs index rows
zero point four percent and your growth is coming in
at two point six percent.

Speaker 4 (07:29):
That's below expectations.

Speaker 10 (07:31):
Then there's an interesting thee which I'm sure you're going
to love when I talk about.

Speaker 4 (07:34):
This average hour earnings the private sector.

Speaker 2 (07:37):
Giving my money, Andrew, where's the money?

Speaker 10 (07:39):
The private sector up zero point two percent quarter on quarter,
three point eight percent year on years.

Speaker 4 (07:45):
Now, the RBNZ had that at four point six so
that's quite a bit weaker than expecting.

Speaker 10 (07:48):
But if we just cast our eye across to the
public sector, now just zero point two percent on the
private sector and ten times that on the public sector
two quarter on quarter annual growth, annual growth for public
sector six point six percent. That's a little bit higher
than the private sector, and that's the result of all

(08:08):
the previous public.

Speaker 4 (08:09):
Sector where pay agreements coming through.

Speaker 2 (08:13):
Fortunately, they're so good at what they do, so.

Speaker 4 (08:15):
That's dead right, it's value for money anyway.

Speaker 2 (08:18):
That's all all on that theme though. Briscoes if they
care if if they're hurting, everyone's hurting, aren't they.

Speaker 10 (08:26):
Yeah, So we've talked about the sort of green shoots
wilting a little bit. So the Rockstar retail of Briscoes
released first quarter sales start yesterday, probably supportive of that wilting.

Speaker 4 (08:36):
Green green shoot analogy. Remember last year, we're always talking
towards the end of the last year. Well, was it
survived till twenty five? Right?

Speaker 10 (08:43):
Well, I think we've now got to persist till twenty six.
Brisco's reported a two point five eight percent fall in
sales in the first quarter, so one hundred and seventy
eight point three million against one hundred and eighty three
in the same quarter last year.

Speaker 4 (08:57):
It's the home where that's doing it.

Speaker 10 (08:59):
That decreased four points sixty six percent. They did manage
to lift sporting good sales zero point four seven percent.
Rod Duke called it a called it difficult struggling retail environment.
It was warm, so they didn't sell as many heating
products as they could. If they anticipate New Zealand retail
remain highly challenging but they will get a better second half.

Speaker 4 (09:16):
And the market was actually comfortable with this. Share price
gained twelve cents.

Speaker 2 (09:19):
Man of what I was surprised about. I mean, good
on them, but I didn't think the ComCom could live
with it.

Speaker 10 (09:24):
No neither did there was I think the market was
quite surprised as well. If you look at the man
of a share price matter what was obviously pre formally
trust power. The market didn't actually believe this. So when
the common Coom yesterday came out and said it's all good.

Speaker 4 (09:38):
You get a great big.

Speaker 10 (09:38):
Surgeon the man of a share price and I haven't
got in front of it, I think it was up
twenty six cents or something, or twenty six percent sorry,
So that sort of indicates.

Speaker 4 (09:47):
That the market wasn't thinking this was going to come
out here.

Speaker 10 (09:49):
The ComCom was satisfied that the acquisition is unlikely substantially
less in the competition in New Zealand market. Contact now
your second largest generation, second largest generator in US on.
I think there'll be a bit more commentary about this
and could potentially be a little bit pledgable as well.

Speaker 2 (10:04):
So it cands on that Chinese stimulus, and I alluded
to so they're working fairly hard.

Speaker 10 (10:09):
Yeah, they cut the reserve requirement of fifty basis points.
They're injecting liquidity into the market. They're obviously concerned, and
you know, you've you only know what you know out
of China, don't you, because you're not entirely sure what's
happening under the hood. But that would seem to indicate
that they are concerned about the impact of TARIS and
what is effectively a trade embargo at the moment between
the US and China.

Speaker 2 (10:29):
Numbers please sow.

Speaker 4 (10:31):
The US markets have weakened off of it.

Speaker 10 (10:33):
As I said, at one stage, Dale Jones was up
three hundred points, but just looking the last time I
had a chance to check post the FED, it's up
sixty eight, so it's dropped off a little bit. Four
oh eight ninety seven. The S and P five hundred
is dropped into negative territory, was slightly positive five five
eight four down twenty three or point four percent. Those
will all change after he speaks in half an hour

(10:55):
seventeen five hundred and twenty nine. And the Nastik it's
down about one percent overnight to C one hundred eight
five five nine, lost point four to four of per cent.
The Nika game lost fifty one points thirty six thousand,
seven hundred and seventy nine. That's point one.

Speaker 4 (11:10):
Four of per cent.

Speaker 10 (11:12):
The shang Hoo com set three three four two it
was up point eight the A six two hundred eight
one seven eight up a third of percent twenty seven
points ends the next fifty gain too points sixty one
twelve four hundred ninety six key wee point five nine
sixty nine against the US point nine two four nine
ossie point fivety six one Euro point four four seveny
five against the Pound, eighty five point five five against

(11:33):
the end three three eight nine is the goal price
in Brent crud sixty one dollars and thirty eight cents
Go well.

Speaker 2 (11:39):
Name Andrew Kelleher, joemowealth dot co dot m Z. Disney
are going into Abu Dhabi so Disneyland abudw style has
been announced overy night. More importantly, probably for now for them,
they thought they were going to lose subscribers to Disney,
plus they actually got an increase of one point four million,
gives them the total global base now of one hundred
and twenty six million of US who fork out for

(12:02):
whatever they produce revenue came in at twenty three point
six two billion dollars, so they're laughing. Six twenty one,
Eric News Talks EDB.

Speaker 1 (12:15):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by News TALKSB.

Speaker 2 (12:22):
Greg four and Air New Zealand, Aret Going in New
Zealand CEO in his first post I'm leaving interview Apter
eight o'clock this morning, Mike, totally agree. In New Zealand,
they put up twenty somethings who have never flown long
haul in their life to write media puff pieces that
are basically wow in five hundred words. There's nothing innovative
about their business class, barely a catch up. Thank god
for quantas to New York and the Middle Eastern carriers. Mike,

(12:42):
your commentary in New Zealand a spot on. Despite a loyalty,
you can't risk a trip of a lifetime interesting impressionless
despite a loyalty, you can't risk a trip of a
lifetime and international experience with them. There is too much
at risk for a trip being blighted by them. Such
a shame. So we'll talk to him and put that
after rite o'clock this morning.

Speaker 1 (13:01):
Six twenty five trending now with us, you're one stuff
for Mother's Day fragrances.

Speaker 2 (13:07):
Movie news. Last year seemed to be the year of horror,
the genre, not the quality of the movies. This year
is being dubbed the Year of dark comedy. Ethan Cowen,
the Bloker gave us The Big Lebowski and No Country
for Old Men. He's about to offer up, honey, don't
private investigators looking into a local cult?

Speaker 11 (13:24):
Honey?

Speaker 6 (13:24):
Right?

Speaker 12 (13:25):
Love those quick clocking heels.

Speaker 1 (13:32):
Why is a private investigator looking into our traffic? Fatale?

Speaker 6 (13:35):
Dan?

Speaker 1 (13:35):
What can you tell me about?

Speaker 11 (13:36):
Do you drink heavily?

Speaker 1 (13:37):
It's a point of pride?

Speaker 2 (13:38):
Should you?

Speaker 1 (13:38):
And I discussed this all a drink tuesdays. I dry
out Today's Wednesday, Today's Tuesday.

Speaker 13 (13:45):
Jury services, no pirate service.

Speaker 7 (13:52):
I help people misster Downing Hill.

Speaker 2 (13:53):
I see a need and I feel it.

Speaker 1 (13:56):
You see a need and you exploit in him.

Speaker 7 (13:58):
This is God's punishment as well.

Speaker 4 (14:00):
Be done.

Speaker 11 (14:03):
Can you help me?

Speaker 1 (14:06):
You're fascinated. You haven't even seen the riddle tattooed on
my ass?

Speaker 2 (14:10):
Good back and forth like that? Quite good. Margaret Couley,
she was in the substance and once upon a time
in Hollywood, She's Honey, the detective Chris Evans, he heads
the cult Aubrey Plaza, Who I Love and Charlie Day
there as well Theatres. August twenty two, Adam Bant. Just
as we're still mopping up the Australian election, Adam Bent,
the head of the Greens gone lost a seat in Melbourne.

(14:31):
Steve alluded to this yesterday as all the postals come
in they've trended towards the Libs and he was in
trouble and so there's not a Green MP to be
found in the Lower House. They have literally been wiped
out now using a couple of moments and then more
celebration around our economy. Nicola Willis after seven o'clock on
the Jobs yesterday, which, as we said with Andrew, could

(14:52):
have been a lot worse of course, and has it peaked.
But these red meat numbers, new red meat numbers for you,
we are booming.

Speaker 1 (15:00):
Mike hosgame was insightful with engaging and vitally the Mic
Hosking Breakfast with a Vita, Retirement, Communities, Life Your Way,
Youth talks, head Bees.

Speaker 2 (15:11):
So as Andrew told you that FID didn't move this morning,
but they got worries.

Speaker 8 (15:15):
Surveys of households and businesses, however, report a sharp decline
in fentiment and elevated uncertainty about the economic outlook, largely
reflecting trade policy concerns. Near term measures of inflation expectations
have moved up, as reflected in both market and survey
based measures. Survey respondents, including consumers, businesses, and professional forecasters,

(15:36):
point to tariffs as the driving factor.

Speaker 2 (15:38):
No, no, they don't. How's that possible, Jerome, No wonder
he wants to fire him for goodness sake? Talk about
miss reading economy or is he Meantime, back at the
White House, they've sworn a guy called David Padieu who
is going to be the ambassadors to China.

Speaker 12 (15:54):
Miss Fresi, I'm humble to be in this office today.
I love what you've done with this office. I like
the decoration of independent. I want the world to know
that I know this man personally. He loves this country,
and I am glad to be your man in China.

Speaker 2 (16:06):
Thank you, Thank you, and obviously very very got a
good eye for redecoration. The name perdue you ask yourself,
have I heard that name before? Watch the movie Painkiller?
For the answer twenty two to seven. Joe's in the
bed at the batticin, so how long that lasts will
be interesting, but she's available for a call shortly meantime.

(16:28):
Back here. More good news for New Zealand, I think
is the latest dart around our red meat reminds us
yet again what a debt of gratitude we owe to
the farmer's red meat exports yet another record one point
twenty six billion, that's March, one point twenty six billion
in March values up thirty four percent on last year.
The US, the biggest buy is still at four hundred
million ish, followed by China at about two hundred and
eighty million. Wayne Langford is the Federated Farmer's President, of course,

(16:49):
is back with us. Wayne, very good morning to you.

Speaker 11 (16:52):
Yeah, good mind, Matt.

Speaker 2 (16:53):
You've got any feel yet for the terriff impact of
the RISINNY on the meat going into America?

Speaker 11 (16:58):
Yeah, I think it's quiet interesting space.

Speaker 14 (17:01):
Right.

Speaker 11 (17:01):
We expected some troubles and we haven't quite seen that yet.
So well, we're actually seeing it's quite the opposite, where
where we're seeing prices rise heading into our winters, which
is something that's that's not very common and we haven't
seen it of us for yet.

Speaker 2 (17:14):
So that's exciting. My great hope was at the top
end of the market, we can sell through teriffs. Do
you reckon that's possible?

Speaker 11 (17:22):
Yeah, I mean that is that is a good direction
of traivel to go. And right, well, we produce a
product that not many other countries in the world produce.
It's different to the red meat around the world. And
as you can imagine, every country probably says we've got
the best red meat in the world. Well we've not
only got the We've not only got the best red meat.
We've got the red meat that's a little bit different.
It's grass feed, you know, it's raised differently, and it's
very lean, and it's something that complements the American market

(17:44):
very well.

Speaker 2 (17:45):
Yeah, exactly, And do explain that because a lot of
people text me and go, oh, that's a lie. The
crap it just goes into burgers. Americans take burgers seriously
and they chase quality meat. Am I correct in saying that?

Speaker 6 (17:56):
Yeah?

Speaker 11 (17:57):
Even I love gun for American eat the burgers happendethic burgers.
But what they need is the New Zealand lean meat.
To maxim was their meat that's over there, and so
right now they are currently they're currently buying in that
and they're buying strong because that they need to ensure
that they've got their burger market covered good China.

Speaker 2 (18:13):
Is that a comeback story yet or we still don't know.

Speaker 14 (18:17):
Oh?

Speaker 11 (18:17):
I think we've still a got something to do there.
And it's great to have options, right, and that's what
we need to concentrate on. That's what we expect of
our marketing and our trade teams to go out there
and do it. We'll keep producing the beef down here
on farm and they can go out and do their
job and get it done for our services.

Speaker 2 (18:32):
We talked about this work on the program yesterday. The
de stocking issue cows and sheep ands that we don't
have as many. Is de stocking and planting pine trees
an issue?

Speaker 14 (18:42):
Oh?

Speaker 11 (18:42):
That's very much an issue.

Speaker 2 (18:43):
Yeah, so that'll see. So you're looking what the reason
I'm asking Obviously you're selling more than you ever have.
Do you need more land in cows and less land
and trees?

Speaker 3 (18:53):
Oh?

Speaker 11 (18:54):
This is critical and it's critical fearlessners to understand. What
they're doing is they're planting the areas that breed our sheep,
so where for example, our sheep go out on this
extensive hill country and that's the country that produces all
the lambs. Now on the flat land, that's where the
lambs get fatten and they grow out and they eventually
get sold. But we need that hill country to do

(19:15):
our breeding to to bit of cows out on over
the winter in different periods, and so when that gets
covered in pine trees, then those animals have to move
down onto the flats, which was our land to finish
them on. I mean it's I don't mean to get technical,
but it is very technical because because this is why
we need to tidy it up. We've got to look
after our breeding country so that we can have our
fat and country.

Speaker 2 (19:35):
To do what we do very well. So'd appreciate it
very much. Wayne Langford, president of Federated Farmers, nineteen minutes
away from seven k Technical is just on the slope.
They work hard, are they fitting them up and they
fatten them up on the flat part. That's the same
with humans. I mean, if you spent your life on
a hill, you'd be fit, and then you go down
to the flat and then you get fat. That's how
it Works Bank of New Zealand. Well done with the cavegatives.

(19:56):
Always as we look into a bank making get more money.
First half net profit up four point three percent, improve margins,
AH margins a net profit of seven ninety five million,
revenue at one point seven billion, net interest margin of
two point four which is up on their two point
three seven They grew their loan book a little bit economy,
they said, was that a turning point outlooks uncertain. I

(20:17):
think they've read that right. Lower interest rates and strong
conditions in the primary sector just talked about it have helped.
So another bank doing well eighteen to two.

Speaker 1 (20:27):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks b Now.

Speaker 2 (20:34):
I hope that most of us are up on this.
There's a new story in the media almost every day
about increasingly cunning scammers about the place taking advantage of
vulnerable New Zealanders. So A and Z, in partnership with
Age Concern are encouraging all of us to beyond patrol
for scams. They're not alone too. From the eighties TV
hit show Chips Love Chips Poncerello, Frankie Poncerello and John Baker.
They're bringing old school justice to modern day scams. So

(20:56):
this is a nationwide invitation to write along while learning
how to be more conscious and aware of scammers. So
what does this mean? Very important to remember that you
have the right to ask questions when somebody contacts you,
be cautious of too good to be true investments, hang
up on anyone asking for urgent transfer of moneies, and
of course to be suspicious of unsuspecting calls and text
and emails. So test your scam knowledge on the A

(21:19):
and Z Scam Academy web page which is ANZ dot
co dot nz forward slash Scams a in Z dot
co dot Nz forward slash Scams. Asking Rugby is going
to be a talking point today they're announcing their results
and I'll come back to it because I asked the question,
how is the national sport able still to lose money?

Speaker 15 (21:40):
Six forty five International correspondence with NZED Eye Insurance Peace
of Mind for New Zealand business.

Speaker 2 (21:46):
Wait watching by the way a file for bankruptcy. We'll
go to junt just a couple of moments at the Vatican.
Wait watches as filed for bankruptcy sixty two years old.
It's into chapter eleven, the beauty of chapter eleven. You
know why they've done it? A zipc. I mean, no
one's eating dry cake and strawberry shakes when you can
jab yourself and take a pill. Founded in nineteen sixty
three by Gene She was a self described overweight housewife

(22:08):
obsessed with cookies, who was fed up with fad diets
and pills. So wait, watch as it was, and then
they came along with the gpls and that was the
end of them. Oprah didn't help anyway, Joe, how are
you now? She's gone? Why don't we just ring her
on the phone, for goodness? Get her on the phone.
How we're working on it into the Vatican for goodness sake?
It turns out it's a bit busy. Let me come

(22:29):
back to the rugby today. So the annual meeting are
the financial moneies will be presented to us. For the
twenty four financial year. Twenty twenty three, they had a
statutory loss of eight point nine million dollars. This year
they're bracing for a loss as well. Regionally. It's interesting
Auckland Rugby profited one point six million, but that comes
mainly from matchpees out of the All Blacks. So if

(22:51):
you're a major center that gets money from the All
Black test money, then you're in other provincial union's places
like Wellington, who don't get the same number of tests
one point two million dollar loss. They've got problems with players,
the cost of players, caps on players. So my overarching concern.
David Kirk's the new chairman. Of course you would assume
from his business credentials he's going to be able to
turn the thing around. Hopefully turn the thing around. But

(23:12):
how is it possible that the National Game cannot make money?
This is the biggest thing going we have and we
still can't turn a dollar.

Speaker 4 (23:22):
Do we have.

Speaker 2 (23:23):
Joe Josephine, how are you? No, she's with him. We
have got her on the phone, Joe, you with us. No,
she's not there either. That's gone. You guys sort it out.
We'll come back to her in just a couple of moments.
Starting away from seven.

Speaker 1 (23:36):
The make Hosking Breakfast with a Vita Retirement Communities News
Togsdad b.

Speaker 2 (23:41):
But I prayed during the ad break, so this should work. Joe,
morning to.

Speaker 16 (23:44):
You, Good morning, Mike. I'm sorry about that. I think
we've got security blocking signals here around Saint Peter Square.

Speaker 2 (23:52):
Isn't it one of the ironic things that people men
who have given their life to the church can't be
trusted to take a phone inside.

Speaker 16 (24:01):
Well, they've been in there now for almost three hours,
and I'm starting to think have they come to a
decision in the first round that we may even have
a pope this evening, because this is really unusual. Even
though we know that we have one hundred and thirty
three in there, that's a high number than we've had
in the past, but this seems really unusual.

Speaker 2 (24:21):
Okay, so unusually. I was going to ask, what is
it they've done other than lobbying each other for the
past two weeks, and therefore, why wouldn't a quick vote,
you know what I'm saying.

Speaker 16 (24:31):
Well, they've had plenty of time to wine and dine
in various restaurants around town and meet for coffee in
various cafes. But yeah, I mean, I thought it would
be a quick vote tonight, that we would see some
votes for the lead contender, the Secretary of State, Pietro Perolin,
who seems to have, according to media reports, around fifty votes,

(24:53):
but of course that could change. I mean is it
possible that he has managed to put together eighty nine
and have that majority that he needs to be Pope
this evening? I think he would be the likely contender.
Otherwise we're going to have a split vote tonight and
then we'll be back here tomorrow. But we're still waiting
for that smoke in Saint Peter's Square.

Speaker 2 (25:12):
What time is it eight or nine?

Speaker 16 (25:15):
It's almost nine o'clock and as we know, many of
those cardinals are quite elderly, and they have to come
back early tomorrow morning. So it's quite unusual that this
is dragging on.

Speaker 2 (25:25):
Okay, if it's the front runner that you mentioned, what
do we know of him?

Speaker 16 (25:30):
If it is Cardinal Pietro Parolin, he has been a
diplomat all his life. He's been a faithful and loyal
Secretary of State, working closely with Pope Francis. He went
to Moscow in twenty nineteen, long before the conflict with Ukraine.
He's quite reserved. He would not see the sort of

(25:52):
character that would electrify the church, but he would be
considered a safe pair of hands and a moderate that
would bring together various factions. I think inside that conclat.

Speaker 2 (26:02):
You are literally embedded, so you sleep, whear eat, where
what happens for you.

Speaker 16 (26:09):
I'm just a couple of blocks away from St. Peters Square.
I'll be following every vote in the next couple of
days if we have more. And it's hard to get
me sleep at the moment because it's all happening and
there are thousands of people here in the square waiting
to see the smoke.

Speaker 2 (26:25):
It is amazing, isn't it. I take it you can
see the chimney.

Speaker 16 (26:29):
I can see the chimney from where I'm standing. The
basilica looks magnificent tonight. There's a clear blue sky and
a few stars. It's really amazing. But the crowd is
getting restless. Some people are leaving and some have starneed
the slope clapping that usually expected.

Speaker 2 (26:42):
Are ott that's such a social media age thing, isn't
I mean, it's the election of a pope. I mean,
just are this boring? It's been going on an hour
and a half now, I mean, get over yourself. What
have they done? And I do remember when Francis got
elected the seagull thing on the roof, that they done
anything about that.

Speaker 16 (27:00):
Well, there were a few more seagulls floating around tonight,
and I have to say as soon as one popped
up close to the chimney, the photographers were madly snapping.
So yeah, plenty of action on that chimney in seagull.

Speaker 2 (27:13):
Land, hanging there. Joe, Nice to talk to you, Joe McKenna,
who is embedded at the Vatican waiting for the smoke
five minutes away from seven.

Speaker 1 (27:23):
Well, the ins and the outs, it's the biz with
business favor take your business productivity to the next level.

Speaker 2 (27:31):
I'm not Catholic, but I find the process fascinating and
I am a very big fan. And I thought about
this at Westminster Abby a couple of years ago when
I sat watching the coronation. I'm a massive fan of
things that have been going since time and Memorial House. Slacker.
We from our houselacker. We file pretty slack. We're one
of the least productive countries in the world. Our GDP
per our work is lower than virtually everyone we compare

(27:53):
ourselves to. So just to reinforce that, this morning, Robert Half,
I've got a new report out. They've spoke to full
time office workers who overall believed they would be more
productive if they worked from home. Sometimes no kidding. Essentially,
it's a ViBe's report. They were asked if that they
believe that working from home, working in the office, or
hybrid working had a positive or negative impact on them.

(28:14):
Sixty three percent so that they worked from home it
would have a positive impact, sixteen percent said it would
be negative. When those people working in the office full time, well,
forty two percent said that was positive, thirty two percent
said it was negative. And who doesn't love a hybrid week.
We all love a hybrid week, don't we. Seventy percent
being able to work from home some of the time

(28:34):
would have a positive impact on enhancing their productivity. The
ability to walk freely to the fridge and back would
enhance the day immeasurably. Were the nine to five part
of it. Fifty seven percent said they were more productive
outside the traditional working house, mainly because of the repub
Six percent said they didn't think it mattered where they

(28:55):
work for their productivity output. Eighty three percent this was
the number I found most in. Eighty three percent said,
let's be honest, I can't be asked most of the
time anyway. You sound skeptical about hybrid work, and yet
you are a hybrid worker. I'm only a hybrid worker,
as I've said many times before, because I don't like

(29:15):
being here.

Speaker 17 (29:17):
Yeah, so that's exactly what those people are saying, and
you continually take the first.

Speaker 2 (29:22):
If I could work here for the rest of my day,
and for all of those people who texted me the
other day going how can you get up so early
your show stance at six o'clock? If I could do
my work that I do during the day here, I
probably would. You can. Nobody else sits there, No, there's
people that they keep. Your disc is sacricent. I sat

(29:42):
there yesterday, did you yet?

Speaker 17 (29:43):
Pretending to be I did some hybrid work there yesterday.

Speaker 2 (29:47):
I knew it was someone someone who smelled bad and
left stuff behind. I thought that'll be gilling, and I'm right.
You've just outed yourself. Nicholas Willis the Finance Minister, shortly.

Speaker 1 (29:57):
News, Opinion and every in between, the Mike Hosking breakfast
with the range Rover villa designed to intrigue and use
tod sad.

Speaker 2 (30:06):
Be seven past seven if you missed it. The black
smoke came out, which means they're done for the day.
One vote today, four tomorrow, and so black smoke of
course means that they could not decide, so we go
into at least tomorrow back home. Jobless number came out yesterday.
Surprise to the upside as the number turned out to
be five point one, which is better than the big
brains were thinking they had five point two five point three.

(30:27):
Full time work was down forty five thousand, offset to
some degree by the growth and part time work. Finance
Minister Nicola willis with us. Good morning, Good morning mate.
What are your spidery sensors saying?

Speaker 18 (30:37):
Is this it?

Speaker 9 (30:38):
Well?

Speaker 19 (30:38):
Treasury have been forecasting that they expect unemployment to peak
later this year and to start coming down. And that's
what I still think is going to happen, because we
do have an economic recovery underway. We had GDP growing
in the last quarter of last year, and generally what
that means is soon enough unemployment starts following.

Speaker 2 (30:58):
Yeah, I'd like to think that was true. I've got
bad news for you. I'm doing the live GDP this morning.
They've got us down on the quarterly change and the
annual change down a minus zero point one for the quarter.
So maybe this growth thing isn't happening the way we
thought it was.

Speaker 19 (31:12):
Well, what we know is that consumer confidence and business
confidence has been recovering. But at the same time, all
of these international events have definitely had an impact on
people's views about how the economy is going to go,
and therefore how much they're investing, and therefore their readiness
to take on new workers and all of those sorts
of things. So I think with the uncertainty that we're having,

(31:34):
we could see that these numbers going up and down
a little bit. But as I say, Treasury and others
continue to forecast that the economic recovery is underway, just
not quite as fast as we.

Speaker 2 (31:44):
Were all hoping. Do you worry about the under utilization
rate and do you worry about the young people who
can't get work?

Speaker 19 (31:50):
Of course I always do. I want to see young
people getting into work. What the data indicates is that
there are more young people going into study rather than
work at the moment. But there are two sides to
the data yesterday. On the one hand, it's always good
to see unemployment lower than the boffins are forecasting. On
the other hand, it's clear that some people are going
into part time work rather than full time work and

(32:12):
aren't getting as many hours of work as they would
like to be so. I want to see all of
those numbers improving.

Speaker 2 (32:17):
Barbara Edmunds yesterday busy blaming you for not spending enough money,
and as easily as we can dismiss this, it is
a political argument. How much of this recovery relies on
the Edmunds recipe of you spending money versus the rest
of us getting out and actually doing something about it.

Speaker 19 (32:33):
It's about everyone feeling confident in the business community and
in the private sector that they can invest, do things,
take on new markets. That's how recoveries happen. New Zealand
at the moment is spending more than it is earning
by a huge proportion. In fact, compared to other countries
in the world. Our government is doing more of that

(32:55):
than many many others. So to say that the way
to get our economic recout is just to drive this
country into even deeper debt, I think is financially and
economically ignorant. That is not the way recoveries come from
businesses feeling confident, feeling that the future is a good
place they can invest. They can hard people conditions we're
trying to set.

Speaker 2 (33:15):
It's not in your area specifically, but you're the most
senior minister we've got today. Luxen and Upston were in
Rougaru yesterday. This tourism thing. You've removed one of those barriers,
those language barriers for visas into this country. I told
you many people told you about this months ago being
a hurdle and an impediment to getting tourism growth. It
was only yesterday. Why are you guys so slow at
this stuff.

Speaker 19 (33:35):
Well, look, our initial advice was that there were a
number of risks worth doing that, and then we've sat
down and we've looked carefully through it, and we've determined
that this is a change that we can make and
we should make because it will support more tourists coming.

Speaker 14 (33:48):
To the country.

Speaker 19 (33:49):
We told you that months ago, Yes you did, but
we had to weigh all of the evidence, and we
had to weigh the advice that we were getting from
our officials saying that they did think that there were
risks to this. We've weighed that was made an appropriate decision.

Speaker 2 (34:01):
Appreciate your time. Nicola Willis the Finance minister, speaking of
we'll put it blunt, leave me running the country. I
was name checked yet again in Parliament yesterday, but we'll
come to that. Later eleven past seven Passki Grand Power
wanting to upgrade the cook straight power cable current One's
done to a degree sometime next decade. The cost is
about one point four billion. Well that's what they say today.
John Carney, of course, is the boss of Energy Resources

(34:22):
Anti R back with us on the program. John, very
good morning to you.

Speaker 5 (34:25):
Good morning Mike.

Speaker 2 (34:26):
So they put some consultation out. Is there anything actually
to consult on if something needs replacing? It needs replacing,
doesn't it.

Speaker 5 (34:32):
Well yeah, I mean it's a it's a good proposal. Obviously,
the Comments Commission will need to scrutinize it to ensure
that the numbers are robust and the program executable. So
so we'll see where that gets to.

Speaker 2 (34:50):
Does it is the industry wide agreement that we're up
I mean, this thing started in sixty five, was replaced
in nineteen ninety one. It looks old.

Speaker 5 (34:58):
Yeah, yeah, look at the end off it's nearing. It's
the end of its operational life. And this is Transparwer
doing what it does best, which is a bit of
four planning and advising the market that this thing's are
coming at us, and we'll need scrutiny by everybody so
by users, by the generators, by end consumers, and we'll

(35:19):
see where it getested.

Speaker 2 (35:21):
This is part of this is the most interesting thing
for me is I can't remember who it was, but
they got permission Transpower to get more money off us
by way of power bills to do this sort of thing.
How I don't know what the word is. Risky is
what they do when it comes to charging us more
for power to do what they would argue is super
important for infrastructure.

Speaker 5 (35:42):
Oh well, look, that's the role of the Commerce Commission
primarily to regulate transpowers, transactions and spending because of course
transpar is a monopoly that doesn't face competition. So you know,
the Commerce Commission will closely analyze this proposal for approval
and look, given that the replacement seems like the sensible

(36:02):
thing to do, well, actually focus on and whether the
overall benefits actually justify the proposing to go from three
to four cables. So I imagine that's where the focus
will be.

Speaker 2 (36:12):
Good stuff, John, Always enjoy having you on the program,
John Carnegie Energy Resources are Boss. Thirty minutes past seven
fas gets clump you work and watching the Chimney live stream.
It's getting dark won't all smokey black shortly anyway. No, no, no,
it's a city's You will see dark smoke as you've
just seen literally a couple of moments ago. So cabin
footprint of all this, don't ask well, it depends how
long the vote goes. Obviously it gets worse. That's it

(36:34):
goes the worse it becomes rugby. Mike. You probably can't
read this out of course I can't. I'm not taking
the mickey. The women's game is costing. It's worth an
interview with David Kirk or somebody like that. I'm not
anti women's rugby, but I do know for a fact
it is not watched, and it is not supported in
the way that many would probably like, and there is
a cost of doing it. That might be in part

(36:55):
our answer to why the New Zealand rugby Union, who
announced their losses today are in the position they currently are.

Speaker 1 (37:02):
Fourteen past the mic asking Breakfast Full Show podcast on
iHeartRadio powered by News Talks at.

Speaker 2 (37:09):
B latest the second report from the Committee looking into
Organized crime in this country have got their run one
their bindings and be the recommendations will have a look
at what they are shortly sixteen past seven, make Lundy
speaking of crime, been released from prison back among us.
He spent twenty three years, of course, with the murder
of his wife and daughter. Current suppression orders mean it
can't be revealed where he will live now. The question

(37:31):
being asked, of course, as do we have a right
to know? Now the criminal lawyer Steve Cullen is back.
Well the Steve, very good morning to you.

Speaker 14 (37:37):
Good morning.

Speaker 2 (37:38):
More very clear on this or is it case by case?

Speaker 14 (37:41):
No, it is very clear. They do not release where
people are going to be paroled too, with their addresses
will be because obviously they want to try and integrate
them back into the community. And if we run the
rest of vigilante groups, media throngs all and all, they've
decided that it's fassa for if which just simply released
these people. Are trying and slip them back to the
community as best we can.

Speaker 2 (38:01):
Very difficult anyway, isn't it. In a country the size
of New Zealand at five million people. I think if
you put some energy into it, you could probably find
it anyway, couldn't you.

Speaker 1 (38:09):
Well, absolutely right.

Speaker 14 (38:10):
We're a small country with a small population.

Speaker 2 (38:13):
And having said that, I side with on this this way,
I asked about the cases. So Lundy is convicted of
a murder of his wife and daughter, he's not a
danger to the wider community. That would be different to
the bloke who is a serial killer or a sex
offender who ran his time and is not entirely convinced
the parole boarder you shouldn't be behind bars forever. Do

(38:34):
you see the difference?

Speaker 14 (38:36):
Yes, I do see the distinction. The prob would of
course makes the distermination with somebody suitable for release or not,
But certainly the public interest in somebody who's more likely
to be a predator on his fellow citizens would be
somewhat higher.

Speaker 2 (38:50):
What's the financials running? There's no answer to this question.
But a guy's been in jail for twenty three years,
what's he doing. Is he going out to get a
job and doing well with the rest of his life?
Who is going to be on the benefit forever?

Speaker 4 (38:59):
Oh? Well, there's hope.

Speaker 14 (39:00):
They seek a placement, They talk to people who are
going to be there to support them, They have some
sort of network, they'll ever residents are going to inhabit.
Hopefully there's some sort of employment plan. They've been working
towards that, and then they slowly slip. Often they have
guided release, monitored release at the beginning to see how
well they go. They've already been entering the community. They've

(39:21):
determined that that's working, so then they say, all right, now,
let's see if we can take the next step of
having you fully reintegrate it.

Speaker 2 (39:28):
And some good stuff might appreciate it. Steve Callen, criminal lawyer.
Funnily enough, I was watching an interview with Barry Hearn
who runs snooker globally. Eddie Hearn is the boxing guy.
Barry's his dad and runs darts and snooker. Anyway, I
was talking about the bloke who won the World championship,
who of course was done for match fixing. There were
about ten Chinese done for match fixing and a betting

(39:48):
scandal and stuff like that, and he was asked whether
or not this is right that a guy who's a
cheat and a convicted cheat and was found cheating only
got banned for two years. And he's very much of
the let's move forward. You can't look in the res
you mirror, You can't punish somebody if the punishment is
the punishment. You can't keep looking back forever and Lundy's
served as time and we either have the system or

(40:09):
we don't. And you can't punish a bloke after twenty
three years and go, I wonder where he lives. Oh,
I don't really want him in the community. I mean,
or if you don't like that, then you change the
entire system. And I don't see that we're changing the
entire system, are we. I've got some issues around what's
happening in America and how it potentially affects what's happening
here in the moment. As regards the media. Seven twenty.

Speaker 1 (40:33):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, how
It by News Talk SEP.

Speaker 2 (40:42):
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big part of the Kiwi dream. SBS Bank have been
helping us achieve that particular dream for one hundred and
fifty five years, so they're so good at it. At SBS,
they've been judge Kanstar's best bank for first time Buyers
in twenty twenty two, twenty three, and twenty four. So
if you're looking to buy your first home or you
have first time by in your life, whether it's the
kids of the grandkids, SBS they should be your first

(41:04):
port of court because what makes them so good it's
their product, basically the SBS First Home Combo, which has
got some very impressive inclusions like a heavily discounted interest rate,
you've got cash back offer contribution towards the SBS insurance
home policies. You've got money back into the SBS Wehel's
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Good deal, so first home lending. An eligibility criteria apply,

(41:25):
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Bank and talk to your mortgage broker if you want
about SBS First Home Combo Pasky seven, twenty three. Little
bit of Beltway excitement a couple of weeks ago when

(41:47):
Winston Peters turned up on the Breakfast Show at the
National Broadcaster and got a bit bothered with the question
line so threatened to cut the funding. This, of course
was hot air. Many in the Beltway, though sadly, had
their sense of humor. If not absurd surgically removed at birth,
so they took it seriously. No such thing is going
to happen, of course, for a series of pretty obvious reasons,
none of which I'm going to bore you with now.

(42:09):
But the earnestness with which they grimaced was based on
the idea that there are those who can and do
threaten public broadcasters around the world. The latest is mister D.
Trump of Washington, who has signed an executive order to
stop funding PBS, among others. This, like everything else, is
headed to court and may well win, because the argument
of weight appears to be public broadcasting and its funding

(42:31):
is a congressional thing, and therefore an executive order from
the bloke in the corner office doesn't count. The Trump argument,
and this is worth pondering, is that public money undermines independence,
and the media is vastly changed in recent years, and
a government operation is no longer necessary. And I actually
have some sympathy for that argument. Public radio here has
the concert program for example, it plays a lot of

(42:53):
classical music. Very few people listen to it. Why are
we paying for it? Commercial radio doesn't cover everything, of course,
children's educational programming we don't cover. But having said that,
I don't think public radio does that either. In America,
publicly funded television invented Sesame Street. I mean, that's of value.
Here we have New Zealand on air. Why do we
have that as well as publicly funded television and radio?

(43:14):
Why don't we just have a funding system for product
we want to promote and tender it to those who
want to run it on their platforms. Is it a
fair question to ask here that, although they claim neutrality,
would a snap pole of people on the street suggest
radio and television New Zealand and neutral? Is the BBC
seen as neutral? Is the ABC in Australia a bastion

(43:36):
of straight up and down middle balance? As always with Trump,
the seat of a decent thought is lost in the noise,
in the bluster. But ask the question what is so
unique about public Talian public radio? Whether here in America?
Are here America, Britain, Australia that needs so much of
our money? Asking as pleasant Mike as David Parker is,

(43:57):
or his tomb will always be remembered for his helpable
hate for the successful.

Speaker 4 (44:01):
And the rich.

Speaker 2 (44:02):
Pricks Tony, It's an interesting thing I struggle with David
Parker because he gave his valedictory for you don't know
why we're talking about David Parker, who gave his valedictory
yesterday afternoon, and it was classic David Parker. You wouldn't
buy tickets to it. But you're right, he is a
nice guy. He's a very likable guy. And I know
a bloke who knows him particularly well and was in
business with him, and he is and has described himself

(44:24):
as a serial entrepreneur. So it's not like, in fact,
he's the only person, as far as I can remember,
in the Labor Caucus whoever ran a business actually ran
a business. The rest of them are pretenders and university
and people hang out in libraries and unions. So he's
the only actual businessman in the place. And yet despite
being in the so called real world he started out
with they two, despite being in the real world, he

(44:46):
still argues for a wealth tax and all that other stuff. Mike,
I wonder if the minimum wage being at twenty three
to fifty is preventing young people from getting a job
without any training. Employers are possibly looking experienced. And I
couldn't agree with you more. Had the argument with John Key,
many many years ago. When you said we don't need
a youth wage, I said, John, we need a youth wage.
Eventually he came to the conclusion we needed a youth
wage because if you're paying the same dollars to a

(45:08):
twenty nine year old who's been in the workforce for
several years versus a seventeen year old who's barely left school, Ben,
why are you hiring them? See, we just need more
mic Hosking based policy. Wait till I get to what
was unfolding in Parliament yesterday as regards my good self,
which we will do shortly. We'll also deal with this
new report, little latest report into crime.

Speaker 1 (45:28):
In New Zealand's home for trusted news and views, the
mic Hosking breakfit with Bailey's real estate, your local experts
across residential, commercial and rural news togs d.

Speaker 2 (45:39):
Be sorry, mate, I mean a Dune's Public Interest Journalism fund.
I didn't see any public interest in ourans AD one
news and three news. Jimmy getting slightly confused, But let
me come back to that in a couple of moments.
But a lot of feedback along those lines. Twenty three
minutes away from eight, the organized Crime Advisory Group back
this morning with their second report finds we're willingly funneling
money into organized crime groups through the purchasing of drugs

(46:01):
and dumb scams. Meanwhile, the police are who bring up
just seventy five million dollars worth of criminal assets, which
they think accounts for about four percent of what's actually
out there. Steve Simon is the Tier of the Ministry,
your Advisory Group, and is back with this. Steve, very
good morning to you morning mate. So we're attractive as
a market. Is that because everywhere is attractive as a

(46:21):
market at the moment, or we in New Zealand are
a little bit sleep at the wheel.

Speaker 17 (46:25):
Everywhere is attractive as a market. New Zealand is particularly
attractive because, on the one hand, because of our remoteness,
we're doing everything we can to be the easiest place
in the world to do business. The downside of that
is it also means we're one of the easiest places
organized crime to do business. And we're also attractive because,

(46:47):
for example, with meth and fetamine, New Zealanders will pay
a price for metham fetamine which is higher than most
other places in the world.

Speaker 2 (46:56):
How depressing is it to say that.

Speaker 17 (46:59):
It's pretty it's pretty challenging to think of what that
means for us as New Zealander. Is what that means
for me? What means for my kids? And so that's
part of the reason why we're looking at trying to
find ways tools for the police and other enforcement agencies
to do something about it.

Speaker 2 (47:14):
Are they what's your summation from this group of yours
so far on? And this debtails into the four percent
on assets as well of what the job police are
doing good or not.

Speaker 17 (47:25):
The police are doing a really good job. I think
the difficult is by international standards that four point two
percent is actually very good. The point, as your notice,
they just can't it's just not good enough to move
the dial to disrupt organized crime. Our police are doing
great with the tools that they've got, working really hard
with the tools that they've got to seize that amount

(47:47):
of money, and it's not insignificant. We just think that
if we are going to actually disrupt organized crime, we
need to give them better tools.

Speaker 2 (47:53):
Exactly. So a two part question on this, what are
those tools, how legislatively heavy are they and are you
telling people like Mitchell anything they don't already know?

Speaker 17 (48:05):
Question Mike there are a number of changes, and number
of them will be legislators and what we've done is
set it up in a report of riety of them
in relation to the proceeds of crime regime, also in
relation to the money laundering regime, and also around what
we can do in relation to cash. Some of those
will require changes to the acts that govern them, and

(48:27):
we've been in consultation with Minister Castella in relation to that.
We've also seen where we will need changes to be
made by government agencies and we've had conversations again with
the Minister about how those might be achieved.

Speaker 2 (48:40):
I think I'll asked you this time when the first report,
are you bullish on where you sit, on the difference
you're making that we're traveling in the right direction and
something good will come out of us tangibly?

Speaker 4 (48:50):
Yes.

Speaker 17 (48:50):
I mean we were told to be bold, we were
told to shift the dial and to do it in
a meaningful way, and so our recommendations have been very
bold because we know, on the one hand we want
to balance private individuals interests, but also we want to
on behalf of New Zealand do something to tackle this problem.

Speaker 2 (49:09):
Good on you, and I wish you the best and
we'll get you on with your extra report. Steve Simon,
who's the chair of the Ministerial Advisory Group for Organized Crime,
it's worth looking if you can be bothered. In Parliament
yesterday Shane Jones gave a very sober answer. And the
reason I emphasized that is normally Shane Jones as sort
of hilarious in his answers, nothing's taken particularly serious, but
yesterday spoke very seriously about the drug addled nature of

(49:32):
his part of the world and the far north of
this country. And if you ever want to see what
meth can do, and gangs can do, and organized crime
can do, unfortunately in the Northland region, as you posted
child nineteen minutes away from eight asking as regards to
the Public Interest Journalism Fund, where you miss the point, Jim,
is when you talk about Orion TV one, et cetera.
That fund. The fault of it was you had to

(49:55):
sign up to some sort of Teterrty pledge, which was
its critical, critical error. And this is where the reputation
goes down the drain fast. But it was available to everyone,
so you seem to be focusing on the state run broadcasters.
It was available to everyone. Nicola willis as much as
I support this government for Nicholas note that consumer confidence
is picking up his load of crap. Look at Brisco's

(50:17):
the golden goose of New Zealand retail and the result
that the quarter is negative, Well it's not negative. They
lose money. They're still making money, they just weren't making
as much money. There won't be a positive correction until
twenty twenty six. Cam Andrew callaher who he plays a
great deal of weight on because your big brain and
he works in this area, was talking about persisting until
twenty six. The survived till twenty five. I'm still bullish

(50:38):
on twenty five because there's a couple of cuts coming
very shortly from the RB and you're right about the
consumer confidence, and that's flat as a pancake of not
going backwards slightly at the moment. Manufacturing those different and
business is different, and confidence does lead to action. So
I'm still feeling okay about the latter part of twenty

(50:59):
twenty five.

Speaker 1 (51:00):
Eighteen to two The Mike Hosking Breakfast Full Show podcast
on iHeartRadio powered by News Talks at B.

Speaker 2 (51:09):
Seven forty five yesterday. Interesting times in the Parliament. I
told you about Shane Jones a moment ago. Brook ben Velden.

Speaker 18 (51:18):
Featured what we are doing is making the system more robust,
workable and sustainable, and on that basis, I do not
agree with Thomas Coglan's characterization. However, I do agree with
a different journalist characterization, which was Mike Hoskin from this morning.

Speaker 13 (51:37):
And the article said reform for the Pay Equity Act
is good.

Speaker 9 (51:44):
Stop till the the.

Speaker 4 (51:50):
The excitement settles down.

Speaker 2 (51:52):
There was excitement in the house over the mention of
my name, and.

Speaker 1 (51:55):
You can I think she got the fact that she
got your name right.

Speaker 2 (51:58):
She got it spot on, which often they don't. That's correct,
But Jerry had to settle the rebel the low renters
down because of course it's important when I'm quoted in
the House that you know things go well.

Speaker 18 (52:09):
What we are doing is making the system more robust,
workable and sustainable, and on that basis, I do not
agree with Thomas Coglan's characterization. However, I do agree with
a different journalist characterization, which was Mike Hoskin from this morning,
and the.

Speaker 13 (52:28):
Article said, reform for the Pay Equity.

Speaker 1 (52:31):
Act is good.

Speaker 9 (52:34):
To stop, just wait till the the the the excitement
settles down. Just wait, I said, just wait, he.

Speaker 13 (52:47):
Said, Christine Bartlett was too many a hero.

Speaker 2 (52:51):
She was a very likely to the point, you don't
need to finish, because, of course you will have been
listening to the program yesterday and you will have heard
my editorial using exactly that if I could just offer
Union Brook some advice. Unfortunately, the reason that we're not
staying the hook. Yeah, she is still going.

Speaker 9 (53:05):
Oh.

Speaker 2 (53:05):
She quoted virtually Mike Smithett and tire Mike Smithett. The
difficulty is the delivery lacked a little bit of something
at the end of the day, and that it didn't
come across us.

Speaker 1 (53:14):
Listen to this guy.

Speaker 2 (53:15):
These are my words. Aren't sound as good as they
did when I said them. She's still going, She's still
got Oh. No, she ran the whole of Mike's My
half hour. No, No, she had no No, it was
nothing wrong with it. But she made a very salient point.
And what was interesting yesterday, and this is this is
why I allude to this. The pay equity issue is
never going to be sold because it never can be solved.
As I tried to point out on the program yesterday,
but what's so disingenuous about the Labor Party and the

(53:38):
opposition in general, and you saw that in their reaction
to the use of my name, is that they will
not and they absolutely refuse to delineate or differentiate between
a job and what you pay for that job, and
whether it's fulfilled by a man or woman versus a
company or an industry that is predominantly men or women,

(54:00):
and they are two completely separate things. And Barbara Edmonds
asked a question yesterday in a very emotive sort of way,
talking about when will they pay people what they are worth?

Speaker 6 (54:12):
Now?

Speaker 2 (54:12):
What is worth? Who decides that? And the person who
decides that is the person who writes the check. Now,
do we live in a country at the moment where
there is a job open and you would pay different
money if the person was a woman versus you would
pay different money if the job was held by a man.
And the answer is no, we don't do that. We
moved on, and that is not part of the debat.
And yet that's the part they still try and infiltrate

(54:34):
the argument with what we're talking about is industries that
are predominantly women or predominantly men. The rest time industry
being predominantly women. At that point you go, what is
it worth? Now? What it's worth, of course, is what
somebody is writing the check is prepared to write and
pay for. And if you saw the numbers yesterday coming
out from the state sector, the average hourly rate in

(54:55):
the state sector is vastly higher than it is in
the private sector, being paid more in the public sector
by a substantial amount. And yet are you getting better
service from the public sector. So that's the part they
can't argue or can't understand. It doesn't matter how much
you pay somebody, it doesn't necessarily improve the service, whereas
the private sector does understand that. And at the end
of the day, you then get down to what they

(55:16):
call comparators. So we can't work out what a rest
home work is really worth. So what we'll do is
will compare you to a mechanic or a painter, which
of course literally makes no sense. And probably the best
argument yesterday was put forward by Winston Peters who argues
the original law, which was enacted in twenty seventeen, actually worked,
whereas the current law, which is just like apples and

(55:37):
pears and apples and cum quats, doesn't work, and all
they're doing is going back to something that he argues
did work in the first place, turn away from it.

Speaker 1 (55:46):
The Mike asking breakfast with the range rover Villa news, Tom's.

Speaker 2 (55:50):
Dead, b Whiodo's having away from mates at a time
when the New Zealand film industry is standing by for
what an earthy Trump terrified here actually means. The film commissioners,
it turns out, who's out in the world on a
trade mission there in India, the UK and France to
look for new investment partnerships and international productions. Annie Murray
is the film commissioned boss and is with us from
I think it's Britain. Any morning, Good morning, Mike, Yes,

(56:11):
I'm in London. Do you feel at sea in a
world where you know not what happens tomorrow?

Speaker 9 (56:18):
Oh?

Speaker 20 (56:18):
Look, we are not speculating on the Trump a teriff's issue.
The latest we've heard is that the President Trump has
said he doesn't want to damage the industry. He wants
to sit down with the major studios and talk about it.

Speaker 4 (56:32):
And we think that's a good start.

Speaker 2 (56:34):
So is it everything that's talked about? Though, when you
enter a room with anybody to do with film, that
did they say things like, oh what about Trump?

Speaker 20 (56:42):
It's coming up. Definitely, there is some concern out there,
but everybody's in the same boat. We're all waiting for
detail on this thing, so we're not speculating. We're getting
on with business.

Speaker 2 (56:53):
How much businesses they're out there at the moment. Forget
the tariffs that they never existed. Are there people with
money out there in the world at the moment that
like what we do and want to do business with us?

Speaker 20 (57:04):
There definitely is. Co production is on the rise. That's
a really important part of our industry. We've just come
from India where there are over three thousand films made
every year, all finance with private equity, so that's a
thriving part of the industry. We've just had some excellent

(57:24):
meetings yesterday with the British Film Institute where connecting these
Zealand producers with the UK producers to develop more co production.
So there's certainly a lot of business happening. We're looking
ahead to can next week we will be doing a
lot more meetings and looking to grow this three point

(57:45):
three billion dollar industry for New Zealand.

Speaker 2 (57:47):
What's the cultural divide? So is an Indian movie. For example,
we would be the location versus say a UK movie
where we might put some stars in it and it's
a co lab that onscreen looks like in New Zealand UK.
You see what I'm saying.

Speaker 20 (58:02):
That goes both ways, Mike. We've got eighteen co production
treaties with jurisdictions around the world. We might shoot in
one market and post produce in another. There might be
music being composed in its third territory. It's a really
globally integrated business and our co production treaties and our

(58:23):
MoU with Australia are super flexible, so we can make
the deal work for.

Speaker 2 (58:28):
The creative fantastic. I wish you were with the rest
of the journey. Annie Murray, who is the New Zealand
Film Commission's CEO, read a very interesting piece yesterday about
Trump and the movies, and of course the difference between
the movies and everything else is that the movies are
part of the service's economy. The services economy makes up
seventy percent of the US economy. It's Google, Netflix, Facebook, Hollywood, films, insurance,
all that sort of stuff. Whereas his trade war up

(58:49):
until this particular point has been allegedly about boxes, dolls, pencils,
things like that. So what it alarms them? First of all,
this is driven out by the Hollywood unions. By the way,
this is entirely driven by the union movement in Hollywood
who have been Trump is right. It has never come back,
and it's never come back because they had a strike,
and they had a strike on AI and they wanted

(59:10):
more money, and eventually they got more money. But they
got so much more money that they had to lay
a whole lot of people off, and no one wanted
to make money in Hollywood anymore. But the services industry
is not what Trump argues. See previously, Trump argues, when
I send my box to you in China, you charge
me for it, So I'm going to charge you the same.
And while I'm mad, and I'm going to charge everybody
ten percent on everything because that's what I do. Services

(59:31):
are different, and that's where it's most obviously a bargaining
chip because it isn't going to work, and he knows it,
and everybody else has worked out that we know that
he knows, and he knows that we know, and so
it will eventually flush through or fingers crossed.

Speaker 1 (59:49):
Greg Forred next setting the agenda and talking the big issues,
the mic Corking, Breakfast with a Vita, retirement, communities, Life
Your Ways, seven Path.

Speaker 2 (01:00:03):
Day, the National airligned this week like it is most week,
as in the years. Nichola Willis, who met with him
I think yesterday or was supposed to meet with him yesterday,
isn't against the market study Apparently. James Meagher, a new
minister for the South Island, waxed lyrical last week about
the government helping them out on regional routes in terms
of pricing. Are there issues around planes and engines and
our FOS law of course, and amidst all of this,

(01:00:24):
the CEO Greg Foran announced he is leaving and I
think pretty much he's talking to us for the first time.

Speaker 7 (01:00:29):
Nice to see you, Yeah, good to see you, Marke.

Speaker 2 (01:00:31):
Is it one of those weird things where you know
when you're leaving or did you arrive knowing when you
would leave? Because CEOs last five years, seven years, whatever
it is.

Speaker 7 (01:00:40):
Yeah, Look, I had in the back of my mind
I'd probably do about five to six years with their
New Zealand there's other things that I'm keen to do,
and you know, when I took the job, I said
to the board, to Terrese by the way of credible chair,
one of the best I've worked with. I said to her,
probably get me for about five to six years. And
as we've gone through that period, you know, I've kept

(01:01:04):
her abreast of my thinking and then you know, come March,
I said, right now, it's about the time I want
to give you a lengthy running period that suited her,
suited the company. So I'm here to the end of October.

Speaker 2 (01:01:19):
Would you recommend the job to people? Yes?

Speaker 7 (01:01:22):
I would. It has been one of the peak learning
experiences I have had. My not easy and you know
I've had my share of niggles that I've had to
deal with and continue to. Yeah, but I would say
to you I am a far better leader today than

(01:01:43):
what I was before I took the job. And you
know I had a reasonable job before I came into
this one. But honestly, I would be much better running
walmart Us today from what I have learned being at
Air in New Zealand than what I was when I
took that job eleven years ago.

Speaker 2 (01:02:02):
You can't have known what you would have to wade
through when you came here, can you?

Speaker 7 (01:02:06):
I had no idea. I had not heard of COVID
when I got the job. It hadn't surfaced at that point.
I think we first heard about it about November twenty nineteen.
I got the job, I think probably about October. So
I had no idea, no idea that you know, we

(01:02:26):
would stop the first flight on the very first day
that I started in the company. It was ironic. I
was in Rotorua yesterday. I was talking to the team
at the airport. Some of the team were there on
the Saturday before we shut the country down, and we
were reminiscing that. I got a telephone call from Jissinder

(01:02:49):
on that Saturday giving me a heads up that she
was probably looking to close the borders. I think we
closed them on the Tuesday, but on that Saturday I
got a call, And here I was yesterday reminiscing with
the team. You know, just over five years ago that
was going to happen.

Speaker 2 (01:03:06):
Did you feel unlucky in the sense you could have gone,
say to fish and Pipal Healthcare and got into masks
and respirators and COVID would have been fantastic. Airlines was
not the business to be in for COVID.

Speaker 7 (01:03:17):
Look I think there are certainly some days when I
get up and I'm having a shave before I come
to work, and I'm thinking about Rolls Royce and Pratt
and Whitney, or capital raises or those sort of things.
But you have to put those at the back of
your mind and you have to play the hand that
you've got dealt. And I tend to be pretty optimistic

(01:03:38):
about things, balanced but optimistic. I play a long game.
I know that I have short term issues that I
have to deal with. I have to deal with what's
the on time performance today in cancelations and refunds and
those sort of things. But fundamentally, my job here was
to build on the legacy that I had herited, and

(01:04:01):
that's what I've said about doing. You know, we want
to grow our domestic business, we want to enhance our
international business. We want to take our loyalty operation and
drive that. And that plan still exists today despite the
niggles that I have to deal with. So I always
keept the long term in mind, knowing that I'll have

(01:04:22):
to deal with issues day to day. So that's how
it's interesting.

Speaker 2 (01:04:25):
My criticism of you, not that it matters, is when
you announced your resignation. It came to me anyway, at
a time when the airline's still got a lot of issues.
You don't go see all that stuff that was problematic.
It's now fixed. See you later. Yeah, you leave at
a time when there's more to do. Is that difficult
to justify personally or not?

Speaker 18 (01:04:47):
Well?

Speaker 7 (01:04:47):
Of course, I, from my position know a little bit
more about what's coming down the pipeline and what's going
to be here by the end of October, So I
would say to you, I think the timing is actually
pretty good. And why do I say that? For sure,
there will be some issues that will still be ongoing
for the next year and a half, but let's talk

(01:05:09):
about the ones that are underway. We said that we
needed to get retrofits done. The first one is going
to fly in a week's time. We'll have seven completed
by the end of the year. We said we need
new aircraft. Those aircraft are now literally going on as
the production line. They will be on the production line
by October. We have what we call line fit numbers

(01:05:34):
from Boeing. So I can sit here with confidence and
say this time next year there's two new Boeing seven
eight sevens coming and likely another two by the end
of next year. So I've wrestled that one to the ground.
We've got a new hangar which is about to open
in October. We have replatformed just about every digital system

(01:05:58):
in the business, and there are a host of things
that have been done or are being done so that
when I hand over at the in October, for sure
will still be dealing with some Rolls Royce challenges, but
I think that's at the bottom and starting to incrementally
prove will be dealing with Pratt and Whitney at the
bottom actually is improving now, so I actually am am

(01:06:25):
confident that if you like, my run of the relay
is about right good stuff.

Speaker 2 (01:06:30):
Let's talk about tourism in a moment. Greg Foruen's with
us thirteen past eight.

Speaker 1 (01:06:34):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talk.

Speaker 2 (01:06:40):
Zippy News Talks A sixteen past eight. Greb furn is
our guest. Couple of things, just on tourism. Quickly, you
said you're in Rohta UA the big tourism things going on.
One of the announcements made by the government yesterday was
part of the one of the impediments to getting here
visa wise has been sorted out to a degree. I
might bought people with the detail, but there seems to

(01:07:00):
be to me anyway certain things. Chinese and India a
couple of good markets where we could be doing more
than we are to get people here and make life viasy.
Is that fair?

Speaker 7 (01:07:10):
It's coming back, is the way that I would put it.
So you know we were slow out of the blocks.
China has been the market, you know, it was our
biggest and if I spoke to you a few months ago,
we were running it sort of circa fifty two percent
of pre COVID. I think that number now, Mike is
back to about sixty seven percent. Getting rid of the

(01:07:33):
translation fee takes sort of circle one hundred hundred and
ten dollars off the price of visas. These people are
price conscious. I think you'll see incremental improvement. In total.
We're back to about eighty seven percent of pre COVID.
The US is over one hundred and sertly, so it's happening.

(01:07:54):
I thought there was more energy at trends than I
have seen previously. I think there's a spring in everyone's step,
and I think by this time next year, with a
bit of luck, will be back over one hundred percent.

Speaker 2 (01:08:07):
And about time too.

Speaker 7 (01:08:09):
Yeah, I agree with you. It's what is it, thirteen
fourteen billion worth of income internationally. We need it, the
country needs it. I absolutely get that it needs to
be balanced. You know, Queenstown I think is running at
the moment about one hundred and fifteen percent of pre COVID.
So if you're talking to someone in Queenstown, they're probably

(01:08:31):
saying it's already too busy. I get it, So let's
be careful. Averages can be misleading, but in totality we
need tourism.

Speaker 2 (01:08:41):
The market study that Nikola Willis talks of that just
the overarching in New Zealand or a bunch of bastards
and rip us off.

Speaker 7 (01:08:49):
You say what I say. Fundamentally, what we've been saying
in the Commerce Commission have come out and said is
this is not a competition issue. It's structural. Now we've
had cost increases, just like everyone in New Zealand has
cost increases, and trust me, I have empathy for that.
My wife asked me to get some stuff from the

(01:09:09):
supermarket last Saturday afternoon when I was finishing work. I
remember prices from six years ago in Walmart.

Speaker 1 (01:09:17):
Boy.

Speaker 7 (01:09:17):
It's expensive and I'm not having a shot at anyone.
It's just costs have gone up. Have for us to
what do we try and do with costs. We mitigate
them where we possibly can, and that's things like improving
productivity and coming up with new methods and systems. We
absorb some of them, and you see that in our guidance,
which is actually has had to come down and where

(01:09:39):
we can't, we have to.

Speaker 2 (01:09:40):
Pass them on.

Speaker 7 (01:09:42):
What do I mean by structural versus competition? You could
put another airline into New Zealand and by the way,
they could come anytime they want. It's open skies. The
prices will come down, but no one will make any money.
And in one to two years an airline will leave.
Probably won't be in New Zealand because it's fifty one
percent owned by the government, but the new airline will

(01:10:04):
probably leave.

Speaker 2 (01:10:05):
History tells us this, History tells us this.

Speaker 7 (01:10:08):
Why is that the case? Because we're about one and
a half times the size of Arkansas. We're small and
it is what it is. We get the benefit of
living in a country with not so many people, but
that means you don't get the benefit of scale. Australia
twenty seven million people, has but two airlines. Every time

(01:10:30):
they try and open a third, the third one fails.
New Zealand probably can only exist with one. Our job
is to be fair, fair to customers, fair to our staff,
fair to communities, and fair to the shareholders. And I
think generally we thread that needle reasonably well. We're not

(01:10:51):
boosting up shareholder returns here at the expense of charging
high prices.

Speaker 2 (01:10:56):
Only got a minute left of all the stuff you've
done for interesting that you not retiring, So there's there's
something to do, something to do. You don't know what
that is.

Speaker 7 (01:11:04):
Don't know what that is, but open to all options
and within reason location as well.

Speaker 2 (01:11:11):
Do you want to leave your number here and someone
rings in? What have you learned how to be in
New Zealand that's good, bad, valuable or not compared with
all the other stuff you've done.

Speaker 7 (01:11:25):
I would say to you the thing that has struck
me the most, which I knew but has been enhanced,
is how important culture in businesses. And so I spend
a lot of time, and I will continue to spend time,
and I will do it in whatever I do next,
ensuring that the culture and the business is what you

(01:11:47):
want in order to achieve your plan and execute your results.
So I spend a lot of time with our people,
listening to them, listening to customers, ensuring that we represent
what we should do in terms of our purpose and
our values.

Speaker 2 (01:12:05):
Is New Zealand a good place to do business?

Speaker 9 (01:12:08):
It is.

Speaker 7 (01:12:11):
It can be difficult because of scale. We like at
times to try and do probably too many things instead
of saying, here are the three or four things that
we're going to do incredibly well. But we have the
ability to move at speed and size can be an
impediment and it can be an advantage. And one of

(01:12:33):
the things I try and do with their New Zealand
when I'm overseas and I'm meeting with the big companies
over there, and I'm not just talking Boeing or air Bus,
but you know, I was with open Ai four weeks ago,
Google Deep Mind. We're working on things with them. Our
cell position to them, Mike is we're small, we can

(01:12:55):
operate at speed. Give us an opportunity, you can develop
something with us, and then you can go and sell
it to the big guys and it works.

Speaker 2 (01:13:04):
Good stuff. We'll get you before you finally finally leave,
but appreciate your time for NOWLS.

Speaker 7 (01:13:08):
Always thank you, make good to see you.

Speaker 2 (01:13:09):
Greg Forum A twenty two.

Speaker 1 (01:13:11):
The Mike Hosking Breakfast with Bailey's Real Estate News Talks.

Speaker 2 (01:13:15):
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about Health on eight hundred triple nine three to oh

(01:14:22):
nine pasking thineteen three four and feedback. In just a
couple of moments, it looks overall largely positive. Poll out
this morning, we'll go to Britain another This is the
post election poll in Britain. Faraj in reform have gone
up even more. They've gone up three more points. They're
seven points now ahead of the government. Translated into a

(01:14:43):
general election, they would have a forty seat majority. Rod
with the details after the News, which is next.

Speaker 1 (01:14:52):
The Breakfast Show, Kiwis Trust to stay in the Know,
the Mic Hosking Breakfast with the range Rover, the LA
design to intrigue and use togs.

Speaker 2 (01:15:01):
There'd be by Mike foreign Foreign reaction. What do you
reckon it's going to be? Do you reckon it's negative
or positive? Mike? A good interview with Greg four and
he's had a tough time, often unfairly maligned in his
role at here in New Zealand, having got the hospital
pass of starting on COVID day.

Speaker 1 (01:15:14):
That is true.

Speaker 2 (01:15:15):
There's probably a book in the decisions around when to
retire the Triple seven two hundreds. This is for ab gigs.
When to retire the Triple seven two hundreds, the Boeing situation,
the engine situations, A lot of those things you think,
really can it rain any more than it currently is? Mike,
what a pity only gave Greg fifteen minutes. Well that's
the old thing and broadcast and leave them with wanting more.
Most positive thing I heard on radio for a long time.

(01:15:37):
Mike should talk to more of these people. Mike, I
always think of JK. John Key. I'm assuming, thoughtful, intelligent,
knowledgeable and progressive. Maybe a politician. Don't think he's interested.
Greg Furan is such an asset to New Zealand. I
hope he doesn't head off. Sure it'll be interesting to
see where he goes. Mikey comments that Greg Foran was
leaving before the job was completed were inaccurate. If what Greg,

(01:15:58):
it was a good answer, wasn't it? And I was
pleased to hear it, and as long as it all
comes to fruition by the time he leaves, then he's
right and good on. Mike. Please ask Greg if he's
interested in the warehouse. Top job from a hopeul employee.
My suspicion is he's not fabulous work in most difficult
times a problem solver, Mike. Here in New Zealand ridiculous
with their prices. No one in business is Queenstown busy.

(01:16:21):
I'll come back to that. If you're not seeing good
times in Queenstown, given the number of people of the there,
there's something wrong with your business.

Speaker 14 (01:16:27):
Mike.

Speaker 2 (01:16:27):
I'm hoping that whoever replaces for And will be a
lot more effective in doing something about the current epidemic
of delayed flights. Good riddance to the New Zealand CEO.
He's hopeless, Greg for an easy job running a monopoly
airline makes it out to be a big job. Well, obviously,
as you presumably heard, it's not a monopoly. It's never
been a monopoly. And what's that eighty twenty? I think

(01:16:49):
it's eighty twenty in the positive. Twenty two minutes away from.

Speaker 15 (01:16:51):
Nine International correspondence with ends and eye insurance, peace of
mind for New Zealand business.

Speaker 2 (01:16:57):
But can we go rod little money mate busy In
the early hours of our morning watch, Kostama paidle as
fast as he possibly could. When you've got the local
body elections and what happened to you? Can you directly
join the dots to the winter fuel payment? And is
his defense of it futile?

Speaker 21 (01:17:16):
His defense of it is certainly futile. And if there
was any other Labor leader around, they would alter it
immediately tomorrow morning, day one, and it may well get
altered in time, but he can't do it just yet
collection with the election. Yes though if Labour thinks that's

(01:17:36):
that's the sub of it, that it's just the winter
fuel payments. They really are living in a fantasy world.
But undoubtedly annoyed and stuck in the minds of people
that he given pay rises to X, Y and Z,
but cut the payments for the people who don't vote

(01:17:57):
for him by and large attentions.

Speaker 2 (01:17:59):
What are they going to do? I know there's yet
another poll out this morning, and this is post the
local body elections where Reform are up three to twenty nine.
Labour's got a seven point get the down one to
twenty two, the Tories on seventeen. If it's not the
winter paymer, They're going to do something, don't they.

Speaker 21 (01:18:16):
They have to do something. I mean, there was a
hilarious spectacle at Parliament at Prime Minister's Questions today when
the Vita of the Opposition nor the Prime Minister at
any point mentioned the local author of ary elections. They
kind of had this truce between them that neither would
mention them. But it was another bad performance by Kenny

(01:18:39):
Badenoch and the knives are definitely out for her. There's
been more and more people saying not yet within their
inner circle of the Tories, but but saying, look, she
hasn't managed to do it so far. She's failed to
hold Sakia Starma to account. She's beaten too often at
PMQ's and indeed today you know she is the net

(01:19:01):
zero stuff which labor is vulnerable on somehow forgetting that
she's introduced it when she was in government. You know,
it's that's so easily dealt with. Meanwhile, Saki is in
a lot of trouble, you know, no question at all.
You look at the polls both in this in in
England but also in Wales where I think they're coming

(01:19:24):
third or fourth, you know, way way down. It is
a real problem. I don't know how much of an
appetite there is in the Labor Party for another leader contest,
but but it's it's etching towards that way. It's etching
towards that way for both parties.

Speaker 2 (01:19:44):
It's funny you should say that because there was a
separate survey out on Wilds. The Welsh holding elections next year,
so they've got less time to get their act together
there than they do for the Rist of England. Having
the question on Kimmy Bednock, was she she had disappointment
and other words we put her in thinking she's great
and she just turns out not to be. Or was
she always you know, some sort of compromise anyway.

Speaker 21 (01:20:07):
She was always a risk. I mean, she is outspoken.
She does represent a very kind of blue labor ish
but also right wings socially strand of conservatism. What she
has been left good at she doesn't. She doesn't seem
quite bright enough. Sometimes she fails to read the moods.

(01:20:32):
She fails to she cannot plot a means of entrapping
starmer who has had It has to be said a
very easy ride of it at PMQ's she's never really
landed a very hard blow. And I think I think
there is a degree of caveat Mturu within the Conservative Party,

(01:20:53):
particularly on the right, that they chose the wrong person.

Speaker 2 (01:20:57):
Just while we've got you Rod big deal here, we're
trying to goes he had a free trade deal with Indi.
Yet literally as we speak this week, we've got boots
on the ground. We have been trying to do it
for years. We've got a dairy issue. They're into cows
in a different way that we are. Having seen all
that you signed, you signed it. It is spruped as
being fifty billion dollars worth of extra trade, all of

(01:21:17):
which is exciting. But this social security carve out they've got,
which presumably means it's cheaper to higher Indians than anyone else.
Is their political fallout.

Speaker 21 (01:21:27):
On that, Yes, and there'll be a lot. It is
a good trade deal. Five billion quid is not to
be slipped at and it is exactly the sort of
country we thought we ought to be striking deals with
post Brexit. But to absolve the Indian workers from national
insurance payments, it's a crushing blow to the low paid

(01:21:48):
British workers who will therefore be more expensive in the
marketplace and than was the Indian workers. And of course
it was National Insurance, which everyone criticized the government for.
We're putting that high up during Rechel reeves foras budget.
So yes, there's already quite a lot of fallout and
I think that'll get was.

Speaker 2 (01:22:07):
You're a good bloke. We'll catch up next week. Make
appreciate it. Rod Little in Britain sixteen to nine.

Speaker 1 (01:22:13):
The Mike Asking Breakfast Fall Show podcast on iHeartRadio powered
by News Talks at b.

Speaker 2 (01:22:20):
Mike Rebusiness and Coinstown recently cycled the Otiger rail trail
speaking of the accommodation providers ninety percent a guest at
presenter from Australia doesn't surprise me. Americans and Australians are
the big movers and shakers in that part of the world.
But Greg Woran's right, Tourism that part of the world
is well over one hundred percent, so life should be booming.
We didn't have enough time, I don't think today to

(01:22:40):
this contact energy thing, which is I know, slightly dry,
but I was absolutely convinced AZ was. As far as
I can work out, everyone else. That was no way
in the world they were going to be allowed to
take over Manure Energy. Why because the Commerce Commission we're
making the decision on that. It's a one point nine
billion dollar deal. Man, it's the generating business basically left

(01:23:02):
over when Trust Power sold off its retail operation. It
sells uncommitted power to the electricity market through hedging contracts. Now,
why is this important? Because we're about to win to
winter and what happens in this country when we went
to winter, we almost inevitably run out of power, and
they start saying things like, don't shower, don't turn on
the heater, turn everything off because we don't produce enough power. Now,

(01:23:22):
part of the argument beyond renewables is competition of the marketplace.
So there are now fewer players and players in the
marketplace as a result of yesterday's decision from the Commerce Commission.
That's why I didn't think the compt I don't mind
if someone wants to buy, somebody rip into it, I
don't care. But I didn't think the Commerce Commission were
of that mind. All of a sudden they are, and

(01:23:43):
they'd raised this wasn't this was out of the blue
to the extent. The last time they did something or
said something about this deal, they had concerns, and they
had all the concerns along the lines of the concerns
you thought they would have, like doesn't it mean when
you buy someone else, that'll we won less player in
the market? And I thought, yeah, fair enough, Well that's
what the Commerce Commission does, rightly or wrongly anyway, didn't
give them the tick. How's that work? Last time they
looked at supermarkets, there were three players in the market.

(01:24:04):
Then they said, no, it's okay to have two. And
then they decided it wasn't okay to have two. Are
they going to look at this and go, hold on,
did we say yes to that? Goodness sake, what were
we doing? Anyway? More on that another day, snooker. Do
not talk to me about snooker ever again. Good morning
Mike Jazzintong's journey to the world title. It's truly impressive,
longer than any player in crucible history, winning nine rounds

(01:24:27):
one hundred and seventy two frames. There is little doubt
the cyclone has earned his title. When you say one
hundred and seventy two, I heard somebody say one hundred
and eleven doesn't matter. He played a lot of snooker.
We got the ratings from Sky Barry Hearn, who runs snooker,
as I told you earlier on the programs, claiming one
hundred and fifty million people watched it out of Southeast Asia,
which would mean globally hundreds of millions of people watched it,

(01:24:47):
which would make it a significant sporting event. In other words,
right up there with something like F one. Here, no
one watched it. Despite my best surfits, nobody watched it. Well,
they did, but not many. The biggest session, which was
on a night, was not one for obvious reasons. Most
of it was overnight two or three in the morning.
It was forty five thousand people. So the number you
really want is in totality, how many people watch the

(01:25:08):
snooker Now, the critical answer is overall. This comes from Sky.
Overall audiences were slightly lower than the last time we
broadcast in twenty twenty two, so the audience has gone down.

Speaker 14 (01:25:18):
Now.

Speaker 2 (01:25:19):
I could argue, well, if you stuck it on every
year instead of being sporadic about it, you might have
grown an audience. But I'm not going to argue that.
I'm going to take defeat on the Chin I sproop
the snooker as being an event they should hold, and
as they quite rightly say, we strive to secure the
content that we know our customers love, and we pulled
out stops to get World Snooker Champs this time around.

(01:25:39):
As always, we will use this viewership data to inform
future content decisions. Content decisions. Now, next to you, when
you come to me going why isn't the snooker on,
I'm going to go I got it on for you.
The Hosk went to bat for you, and you didn't
back them up. I actually wonder if you're partially responsible
for the low viewership because I told them what was

(01:26:00):
going on in the radio. You gave it to what Yeah,
and you made it sound perhaps more exciting than it
actually is. I think Andrew Sevil would agree with you somehow.
Nine minutes away from nine.

Speaker 1 (01:26:11):
The Mike Hosking breakfast with al Vida Retirement Communities News
togs Dad.

Speaker 2 (01:26:16):
Be Yes out of Australia, out of the election, and
goes to what David Seymour was saying the other day,
which I thought was a smart idea, which is we
need fewer ministers, less cabinet fewer portfolios, all of that
sort of stuff. Anyway, one of the first things that
Elbow announces yesterday, he's adding another ministry to the cabinet
to the left hand side of the Labor Party. They

(01:26:37):
have factions within the Labor Party caucus is going to
increase from one hundred and three members and senators to
at least one hundred and ten, could go as high
as one hundred and twenty one. The Labor left to going, well,
what about us, and he goes, yeah, you can have them,
you can have a ministry. So they're just going to
make another minister doing what who cares, doesn't really matter.
You're from the left. I need to keep you quiet

(01:27:00):
so you can have a job. And that's how this
game works. No one else in the real world operates
that way. But I don't know good old politics when
having it's away from nine trending.

Speaker 1 (01:27:08):
Now chimis Wells book in your Flu Vaccination Today.

Speaker 2 (01:27:13):
Weird story. When did I report this? Was it a
week ago? If not two weeks ago? About the WA
NRL side. Anyway, they got around to actually announcing it yesterday.
New team from Perth. So that's christ you. It's done
for they're called the Perth Bears. I wouldn't want to
play for a team called the Bears anyway. Chicago Bears,
Perth Bears sixty five million dollar fund a deal with
the Western Australian government, so they rolled out the premiere.

(01:27:35):
Who's Roger Cook.

Speaker 1 (01:27:36):
Not only will this be great news for sports fans,
it's a great news for our economy and great news
for jobs. The new Time will compete in the NRL
Premiership competition for the first time in twenty twenty seven
or twenty twenty eight, and it will deliver a return
for taxpayers. This is a great outcome for WA. Like Sydney,

(01:27:57):
Melbourne and Brisbane, WA will host both AL and NRL
size and I'd back us to compete just as hard
in NRL as we do in AFL. So let's get
behinde the new NRL side.

Speaker 21 (01:28:10):
Let's get behinde Western Australia as if we put the
national in NRL.

Speaker 2 (01:28:15):
When he says it will create jobs, what he's meaning
is the players are going to be part time and
after training each day they'll be going down the mines
to do the iron ore. So that helps the economy.
So the Warriors, that's a long commute. Do you ever
flying to Perth? I only flew once. I flew to
Perth once, thinking Perth could be interesting.

Speaker 7 (01:28:35):
It wasn't.

Speaker 2 (01:28:36):
As it turns out. I stayed at a very nice
hotel on a golf course back in the days when
I played golf, and I thought, yep, golf course is
all right? What else we got? We got the river? Yep,
there it is and it was quite hoss. Did you
experience the Freemantle Doctor when it came in? No, that
I was in Perth, not fre Mental. They're two completely
separate places. Doesn't go to Perth. I mean you have

(01:28:56):
to go to fer Mental Doctor. That's separate. It's another
trip that you wouldn't make if you went to Perth.
When are they getting in any ERL team? Very good question.
They think they'll probably launch off in twenty twenty eight.
By the way, if you want a inspirational piece of video,
saw Carlos Science yesterday talking to Tom Brady. They were
talking about recovery, health, fitness generally, but inevitably, as it

(01:29:19):
always does, dubtails into life and success and goal setting
and determination and aspiration. Just stick it on YouTube. Carlos
Science and Tom Brady just chatting away. They were chatting
away on is the end of Tom's dock at his
house with golf clubs, where he'd installed a golf team,

(01:29:40):
which I thought was quite cool. But if you run
your life properly, you too can have a golf team.
And I think that's partially the message, isn't it. Back tomorrow,
Happy Days.

Speaker 1 (01:29:51):
For more from the Mic Asking Breakfast, listen live to
news talks that'd be from six am weekdays, or follow
the podcast on iHeartRadio.

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