Full Show Podcast: 08 May 2026

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The newsmakers and the personalities, the big names. Talk to
Mike the mic Hosking Breakfast with Bailey's real Estate one
hundred percent key we owned and operated news togs.

Speaker 2 (00:10):
Ed B Morning and welcome today the Finance Minister on
the OECD's ideas for our economy. David Kirk from the
Rugby Union on his new president as new CEO, and
a loss or was it tim a Katie after right?
Simon Marks and the States and Murray Olds in Australia
pasking We're into a Friday morning. Welcome to Why now Sean? Hey,
why now Sean? I had COVID vibes yesterday when I
read Shawn Sweeney's thinking about the CRL COVID vibes because

(00:33):
during that period I cannot tell you how many people
I know and regularly dealt with, people in the media,
people from business who said one thing about the government
and their handling of lockdowns and the economy, and they
did that in private and something completely different in public.
So Sean, having left the CRL to head to Ireland,
now having left Ireland, but to stop by long enough
to tell us we don't scope or price major projects
that well, well, who knew the CRL at well over

(00:56):
five billion is a gargantuine waste of money. I mean, yes,
it will improve things, and on paper it makes sense
because it joins up some rail lines ce and go
round and round and round. But like most things in life,
convenience or improvement or efficiency comes at a cost. What's
a terrific idea at fifty bucks is a waste two
hundred and for something that started out at about two
and will come in at about sex. As in billion,

(01:17):
the CRL has reached the stage where no one really
wants to accept responsibility anymore for the price and delays
because it got so embarrassing a long time ago and
tipped over into that well, let's just make the most
of it and hope it works. It won't, of course,
not to the extent they dreamed, because what they dream
of is New York or London, and we've never been
that never will be anyway. Part of where Shan is

(01:37):
right is ideology. Blind's common sense, too many people want
to say, and before you know it, everything is a
combination of delayed and expensive. And yes, the fast track
RMA reform will help. Less legal action will help fewer
opportunities for review will help, and God forbid, cross parties
support would help as well. But what would also help
is some backbone people who say what they believe, whether

(01:58):
it gets them attention or into trouble or not. There
are too many pussies and places of influence, basically, too
many spineless scaredy cats who want the job or the
title or the reputation or the pay packet and just
grin and bear it or defend it or lie about
it or babble nonsensical rubbish instead of being honest. As
much as I appreciate Sean telling it like it is
and he's right, and possibly someone in charge might take notice,

(02:19):
I hope the irony of Bishop yesterday launching a review,
what I would appreciate more was the same commentary before
he filed the resignation letter and scarp it.

Speaker 1 (02:29):
Who news of the world in ninety seconds we are.

Speaker 2 (02:33):
It has been suggested standing by for a response from
the Iranians to the ending of the war. They straight,
of course, and its control is the issue.

Speaker 3 (02:40):
Australia or Moose has always been that some bargaining chip
that Aron was going to use more than anything else,
and what they're going to look to do is try
to seal the deal on them owning it essentially, rather
than have it the independent of nations the way it
should be.

Speaker 2 (02:55):
In the middle of the Australia companies like MESK who
have seen their costs of course rocket and you know
what happens with that happens.

Speaker 4 (03:00):
That implies about a half a billion dollar of cost
extra cost per month since since the beginning of this.
For us, what is really important is actually to pass
on these cost increases to our customers as much as
possible so that we can protect our margin.

Speaker 2 (03:17):
Also on the water, but with different issues. Red crews
with the Canary Islands freaking out it's the new COVID,
which it isn't.

Speaker 5 (03:24):
This is not COVID, this is not influenza. It's spreads
very very differently. So there are different precautions that people
are taking. So we are supporting the ship's operators in
the mitigation measures that they are putting on board. And
as we've said, we are working to have a proper
and full disembarkment.

Speaker 2 (03:41):
Being state side, it's no classic reheted as bord as
our Tom Homan lines up. New York wants none of it.

Speaker 6 (03:48):
Ice will no longer be able to use our police,
our jails, and our resources to carry out civil immigration
enforcement because guess what our officers paid for by local
taxpayer dollars. We're hired to protect their communities.

Speaker 2 (04:03):
But guess what, Tom ain't listening.

Speaker 7 (04:05):
We're going to increase manpower a lot. We can't rune
a bed from any sheriffs New York State. So what
we're gonna do. We're gonna rest to illegueling. We're going
out flying the Texas errors on to one of the
textas Facili's there away from her families, wave for their attorneys.
This is what we have to do because she forces
this position.

Speaker 2 (04:21):
And then it is happy. One hundredth to David Attenborough.
Fellow trevorer Michael Hyland with the based witshes.

Speaker 8 (04:26):
He's curious, he's careful, he's thorough, he has a marvelous
way of communicating with people. And the fact that he's
been broadcasting for so sixty or seventy years without ever
lowering the standards of the work he does is truly remarkable.

Speaker 2 (04:42):
Religious means, he's sound old. No, this is old now,
isn't it. Baseball Chicago Comps pitcher of Matthew Boyd. He's injured.
He's out for a considerable amount of time because he's
torn us left meniscus. Why know ith am I telling
you this? Well, the twist of the story is he
torn his meniscus sitting down to play with his kids. Manages.
It's kind of unexplainable. He'll need surgery for goodness sake.
That's news of the world and bad luck in ninety

(05:04):
here's a contrast to what's going on in the world.
Shell this morning their profit for the quarter, just the quarter,
of six point nine two billion dollars. It's never been
a better time to be an oil. They've also announced
their agreement to buy the Canadian Arc Resources for a
sixteen point four billion meantime. On the same morning, Whirlpool,
who make washing machines, says consumer confidence has collapsed in
late February and March. It's underscored how sharply high fuel

(05:27):
prices and collapse in consumer confidence has affected the industry.
It has caused recession level industry decline. So it depends
where you are as to whether you're doing good or not.
Twelve past six.

Speaker 1 (05:40):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, Call
It by news talks EPY.

Speaker 2 (05:48):
Norway Central Bank has moved over night twenty five basis
points to four point two five percent fifteen past right,
I'm sure and partners Andrew Kelleherre, welcome to Friday.

Speaker 9 (05:59):
Hi.

Speaker 2 (06:00):
These markets are just doing the whirlpool thing and the
oil thing. It's a fascinating time of the make. You
look at these markets at the moment, you wouldn't think
anything's wrong with the world, would you.

Speaker 10 (06:07):
Absolutely not. I mean I mentioned yesterday that while we
were anticipating the resolution of the Middle East conflicts, that
anticipation has manifested itself physically. In what I mean, I
was going to use the word massive. Let's call it
a very robust surge in global share markets. And I
guess there's always a bit of context there is at

(06:29):
the mic because when this whole brew haha kicked off,
I sort of received phone calls from investors. They're saying, oh,
should they liquidate their portfolios? And our response is always,
you know, keep your long term objectives in mind. But
this morning, to close out the first week of the
third month of the conflict, I do want to talk
about the magnitude of this We're what we're calling a
risk on rally because I'm not sure we've talked about

(06:51):
just how dramatic this has been from the market low
so of this conflict that was the thirtieth of March.
The S and P five hund benchmark US index, you know,
large part of global markets that has bounced sixteen point
one percent in just over five weeks. That is a
phenomenal rebound. That's an end. If I told you I'm
going to give you sixteen percent return, well you'd be

(07:13):
pretty happy, would you? Forget that? The tech index, the Nasdaq,
that's been even more pronounced. It's up twenty four zero
point three percent since late March. So look, I'm sure
our discerning audience out there are going to ask the
obvious question, MAO, and that's well why, Well, going into this,
there's a few factors behind this. But going into this situation,
there was actually quite a bit of what we call

(07:34):
cash on the sidelines. There were large balances in what
our termed money market mutual funds. Now we can only speculate,
we have to wait to see the data, but this
could be being deployed into the share market once it's
sort of fell quite a bit and the markets are
also reflecting this optimism or anticipating the end of the conflict.
So this is very much what we used to call

(07:54):
in the old days by the rumor. But also, and
possibly more importantly, is because of what has been a
very very robust first quarter earning season for the S
and P five hundred companies. So Mike Quick one oh one,
share markets tend to follow earnings at a very simple level.
If company earnings go up, share markets are at least

(08:15):
supported or they go up. And as we stand at
this point, this earning season isn't over. Earnings growth is
currently at twenty seven point one percent, so blended year
on year earnings growth rate of the S and P
five hundred is just over twenty seven percent. That's the
highest year and year earnings growth rates been reported for
the S and P five hundred since the fourth quarter

(08:37):
of twenty twenty one. And just to finish it off,
because we like to throw these numbers out there, the
Philadelphia Semiconductor Index that is up sixty point six percent
since late March, so that index covers, unsurprisingly, companies involved
in the semiconductor Interesting thinking video, So look it's just
gone game buster. So I would say embrace this, enjoy

(08:58):
the rebound in your qvsab baalin, but just be a
little bit wary because last time I looked, the boats
still aren't moving through the strait of holl Wars. But
markets certainly think they're going to be very soon.

Speaker 2 (09:09):
And then, what are you reckon about the jobs tonight?
We got the private ones earlier on the week. Every
time you look at jobs in America, it seems okay,
doesn't it.

Speaker 10 (09:16):
Well, that's exactly the point, Mike, That's exactly the point.
The other factor that's been leading, that's been sort of
supporting this is the seeming resilience of the US economy,
and part of that's due to the fact that they
are a net exporter of energy, so they're getting hurt
by price impact of high will prices. So you've got
a sort of a life affordability issue, but they don't
have a supply problem. Now their economy is calling, but

(09:39):
it still looks better than most other developed economies. And
keep out of that US jobs market. Tonight, US times
got the US non farm payrolls. It's a biggie speaks
to the healthy economy. When you're up tomorrow morning having
your short black and I don't know your cross on
or your nuts or your raisers. I will be checking
out the non farm payrolls outcome, so putting it out there.

(10:00):
Octatments I think are quite modest. The secondary data has
been okay. Jobless claims, we saw that overnight mike a
little bit higher than the previous week, but it's trending lower.
As you said, the ADP employment the employment changed, that
was also positive. It all speaks to the view at
the moment that the US economy seems to be reasonably resilient,
and we'll see whether we get more evidence of that

(10:20):
tonight numbers please. So, yeah, we hadn't quite got the
resolution that markers thought we would get. So and the
oil price just is ticking up a little bit after
falling earlier in the session. And the Dow Jones is
down two hundred and fifty four points half percent forty
nine thousand, six hundred and fifty nine. The S and
P five hundred as down twenty seven points point three
seven percent seven and three three eight, and the Nasdaq

(10:42):
is down four points so barely moved twenty eight hundred
and thirty four. The Fotsuo one hundred fell one hundred
and sixty one points two hundred and seventy six. But
the Nikket had an absolute stormer. It was up three thousand,
three hundred Crazy stuff, isn't it twenty one points just
over five and a half percent sixty two thousand, eight
hunder thirty three the same. The Chinese market up just

(11:04):
under half percent four one eight oh. The OSSI's yesterday
gains just under one percent eight eight seven eight closed
there the insects fifty also just under one percent gain
up one hundred and twenty five points, thirteen thousand, two
hundred and seventy Kimi dollop point five nine five to
three against the US point eight two three one against

(11:25):
the ossie point five is sixty seven euro point four
three eight four against the pound. Ninety three point twenty six.
Japanese yen gold is trading at four thousand, seven hundred
and eight dollars in brentcrud. As I said, as I
look at it now, one hundred dollars and fifty one cent.

Speaker 2 (11:40):
Have a great weekend. Make sure in partners Andrew Callaghan
Food McDonald's globally, same source sales. All that stuff they did, Okay,
it was another one of those beats. They leaned into
value and people like value. Apparently every time to go
to McDonald's you spend more money. Restaurant brands International they
topped expectations, Burger Kings driving that Popeye is shrinking. So

(12:00):
there's your fast food for your six twenty one in
News Talks.

Speaker 11 (12:03):
D B.

Speaker 1 (12:12):
The VIC Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (12:17):
At b our Old mat Murray's with us after eight thirty.
Couple of big deals over the weekend in Australia. Well
one big deal right now, but the Parer by election
federal by election. So this is the one nation story
that's well worth following. Got a poll on that for
you shortly, which is interesting reading to say the least.
The other one is the Isis Brides or the Isis
women and the Isis families. They came in last night
to Sydney and Melbourne. I didn't know they're going multi

(12:39):
city anyway. Four women, nine children, a number of them
were arrested. What happens now is the big, big political issue,
so more later. Six twenty five.

Speaker 1 (12:49):
Trending now with Wheer's Warehouse the Real House of Fragrancy.

Speaker 2 (12:54):
The other one to watch this afternoon, particularly they've been
at the bell of boxes overnight. Of course, in the UK,
government's going to get a pasting. The Green should do
well in places like in London. A lot of interest
in whether the reform surge translates into council control. How
many councils so far today visually we've seen Farage beaming, imposing,
bad Knock smiling, ed, Davy looking happy, Kia not so

(13:15):
much so. The rules around election day commentary basically the
same as this country. You don't say anything, which left
the PM saying nothing as this was shouted out to him,
go the way.

Speaker 12 (13:26):
Here and away. How are you feeling, Prime minister?

Speaker 2 (13:44):
Are you feeling, Prime Minister? That's their music, not ours.
By the way, voting closes at nine this morning, so
the results the easy results at about midday, but the
tight stuff always goes well into the afternoon, which is
overnight there time. Of course, reports coming out of Labor
suggest members have been told not to cry on camera
with the results too funny. So what's the bigger deal?

(14:08):
So the OECD report yesterday we focused on the retirement thing.
I don't think the retirement thing is an issue. I
mean there's plenty of international agencies that all go around
telling us how to run our retirement program, and we're
not going to change it anyway. The real issue, to
my mind, was the report that says electricity is no
longer affordable in this country, it is no longer cheap,
which goes back to the article that if you haven't

(14:28):
read it yet in the Herald this week with Richard Prebble,
you should read where he talks about the difference between
basic constraint and abundance and what a country needs is
power in abundance. Nothing wrong with renewable power, but it's
not going to give us abundance because abundance leads to growth.
And the OECD and this is the value of outside
looking in. The OEC looks at the way we're doing

(14:51):
this and we're not doing it right. And therefore if
we don't have abundance of power, we don't have growth.
So we'll talk to Nikola Willis about this after seven
o'clock this morning.

Speaker 1 (15:00):
In a noisy world, here yourself think it's the Mike
Hosking Breakfast with a Vita Retirement Communities, Life Your Way
News togs Head be.

Speaker 2 (15:09):
Still standing by on the Iranians to come back on
the deal. One page fourteen points Chinese heavily involved in this.
So watch the space. Simon Marx with the update shortly meantime.
Back here at twenty three to seven, we have they
claimed the biggest shake up to conservation land management in
forty years coming. They're looking to speed up decisions, boost infrastructure.
It's all link to tourism because time of po taker
is the Minister of Conservation and is with us time

(15:30):
of morning.

Speaker 13 (15:32):
Kioto, Mike, it's no claim we're going to do it.

Speaker 2 (15:34):
You're going to do it. So you say in your
press release you use the words and this is the
first I've seen for a very long time in an
official government press release you use the words Lucy goosey.

Speaker 14 (15:43):
Yes.

Speaker 2 (15:43):
So why is it taking you two and a half
years to get here? Why don't you start on day one?

Speaker 13 (15:50):
Well, what we did, Mike, is we came up with
a couple of proposals. We went out and engaged with
a lot of communities and now through coalition engagement, we've
decided this is the way forward. Here's what we're going
to do, and we're going to get rid of green
and red tape. That's actually making it hard for New
Zalanders to do things on the conservation estate.

Speaker 2 (16:06):
When you talk about clearer rules for granting concessions, what's
an example, what's a concession and what are the rules.

Speaker 13 (16:12):
Well, here's an example. Some of the concession is people
who want to do things on their state. That includes
big businesses often mighty small medium enterprises taking eight to
ten years to get a decision made to go and
take a guided walk or to run a hotel on
various parks around the country. Now, that's far too long
in my book, and some concessions actually shouldn't need a

(16:36):
massive long decision. So for example, if you're going to
collect some water out of a stream, why are we
taking weeks to make a decision to say you can
go and do that? Just go and do it.

Speaker 2 (16:46):
Yeah, this is similar to the RMA, I take it,
except in conservation version.

Speaker 13 (16:50):
Yes it is. But the other side of this mic
is that we think the conservation can work better for
all New Zealanders and we can generate money, for example,
charging international travelers on some tracks. We can use that
to then reinvest in buy diversity and looking after birds
and other things.

Speaker 2 (17:04):
Yeah, I don't know. Why are you angsty about charging people?
I can't understand why we're remoting.

Speaker 15 (17:08):
Now.

Speaker 2 (17:08):
You get charge for everything everywhere around the world, for
goodness sake, why wouldn't we charge people.

Speaker 13 (17:13):
Well, Mike, we just started charging on a couple of
car parks. Over four or five months, we made about
one point five million dollars for the doc team. That's
what we're talking about. Places like white Horse car Park
down in Alducky and Fans Joseph. People will pay five
or ten dollars out a car park. People will also pay,
if they're coming from overseas, twenty forty sixty dollars to
come to some of these iconic places easily.

Speaker 2 (17:33):
It's not hard, No, it isn't hard. Having said that,
what have you learned in this portfolio? Because what I've
understood over the years, there's something about the so called
conservation estate where there's a collective of people who freak
out and never want any of it touched. And is
that what you're up against.

Speaker 13 (17:50):
Yes, there is a strong opposition to doing anything because
many people are in the locket and leave it attitude.
We aren't. What we're saying is that there's some areas
of high value conservation and you can't two cents like
mining and other activities in those areas. But there's a
whole bunch of other land or resource that actually we
should use more efficiently, and the functions of the department

(18:10):
should tilt accordingly and should be efficient themselves.

Speaker 2 (18:13):
Crack on and have a good weekend. Appreciate a time
a potager Minister of Conservation twenty minutes away from seven
I related because of course it's the internationals who'll pay
the entry fees on all of that. Airlines internationally have
paid in the last month fifty six point four percent
more on jet feel Just imagine how many billions of
dollars that is. Just imagine if one of your bills
went up fifty six point four percent in a month.
That's why you've got troubles. Having said that, I was

(18:34):
disappointed yesterday, There'll be a reason for it. But Emirates
are back to ninety six percent of their global network
encouraging except for Auckland. So Auckland worse seven days a week,
they're currently four. Christ Church has been served. I think
they do that. What is that the Sydney christ Church
do by route that's back to normality. But Auckland's still
only at seventy five percent, which worries me. Because Emirates
have come out this morning, which also worries me because

(18:55):
I love a successful company, as you well know, and
Emirates is booming, and Singapore's booming, and most of the
American airlines are booming, except for Spirit, which isn't going
anywhere but in New Zealand of course, are losing half
a billion dollars a year. So how is it the Emirates,
a state backed airline, can have a record profit. So
profit is up seven percent, They've never made more money.
Revenue is up three percent, They've never brought in more money.

(19:18):
Their cash assets are up twelve percent, They've never had
more money. So how is it that that's yet another
airline that is literally booming, where our parole beleagued National
Airline can't turn a trick.

Speaker 1 (19:30):
Nineteen to two The Mike Asking Breakfast Full Show podcast
on iHeartRadio powered by News Talks.

Speaker 9 (19:37):
At B.

Speaker 2 (19:39):
Yeah, this, Pharah Pole came out yesterday the Australian Institute,
So they've got it. There's a whole tax on gas
exports that God announced yesterday. By and easy, I'll get
murried to explain it to you later on. In fact,
one of the senators was arguing that they actually pay
an Australia more tax on beer than they pay on
gas exports, which seems ironic hest the change. But the poll,

(20:00):
there's where one nation is going to be interesting. The
preferencing may do them in primary support. At twenty three
they lead this for Farah federal seat. One nation don't
have a lower House seat. This is the significance of tomorrow.
Potentially one nation twenty three, the Independent which is a
Michelle Milthorpe nineteen Liberals on five, Nationals on three, so

(20:25):
undecided's eight point six. So it's interesting to see where
that goes. But I'll get married to crunch you through
the numbers. But with the preferencing, it may not work
out well for one nation. So that might be one
of those things where they've peaked and they've gone. They
had their day, but it didn't quite come to pass.

Speaker 16 (20:39):
Six forty five International Correspondence with ends in Eye Insurance,
Peace of Mind for New Zealand Business.

Speaker 2 (20:45):
Right Stateside, Simon Mark's back Whithero's two correspondent at Feature
Story News, Simon Morning Morning to you, mate, are we waiting?
We're waiting what's going on?

Speaker 17 (20:54):
We're waiting. We're waiting and waiting to see how ira
is going to respond to what we are told was
a one Peche memo containing peace proposals that the United
States is proffering in Tehran's direction. It has to be
said that when you look at what is reported to
be in that memo, it sounds and reads very much

(21:15):
like the old Iran nuclear deal that President Trump, of course,
is previously criticized and from which he withdrew the United States.
Some kind of moratorium would be observed by the Iranians
on uranium enrichment. The US would lift tanctions and unfreeze
Iranian assets. There would be freedom of navigation in the

(21:36):
Strait of Hormuz that would be honored by both the
iran and the United States, kind of resetting the clock
to before the war began. But whether the Iranians again
to bite and advance this in any meaningful way is
very unclear. So the President continues to flex his muscles
and say that he's willing to return to the use

(21:57):
of force. But we continue to watch and wait.

Speaker 2 (22:00):
Where are the Chinese in this well?

Speaker 17 (22:03):
I think It's a very interesting question because the Iranian
foreign minister visited Beijing over the last couple of days,
and the Chinese are being seen as potentially trying to
prod all of this in the right direction, not least
because President Trump, of course, is due in Beijing a
little bit later this month for talks with President she

(22:23):
and neither Beijing nor Washington wants this entire issue to
overshadow those talks. So it may well be that we
are seeing the hidden hand of China in all of this.

Speaker 2 (22:34):
Now, do answer me this. So Rubio's with the Pope
and that's just happened in the last few hours. I
get all of that. Where's this talk of twenty eight
come from? Because surely you've got to go with jd
Vance based on the fact he's the guy who's there.
How do you injict Rubio into that?

Speaker 17 (22:50):
Well, Rubio has kind of injected himself into it in
a way, partly because he had the opportunity this week
to hold a White House press briefing standing in for
car Line Levitt, who is on maternity leave, the White
House Press Secretary, and it was Marco Rubio unplugged that
we witnessed someone who was definitely enjoying the sparring with reporters.

(23:12):
It got him an enormous amount of press attention here
and if you look at polling, it suggests that Marco
Rubio and Jade Evans are neck and neck among Republican
voters in this very nascent stage of the battle potentially
to succeed President Trump. But I think it's also worth
underscoring Mike that last week alone, President Trump was once

(23:35):
again joking or was he not joking with an audience
when he asked them if they would like him to
serve another eight or nine years in the presidency. So
you know, they're Understarter's orders, but they are by no
means off and running yet.

Speaker 2 (23:50):
And that's going to be some race anyway. Lula was
there today at the White House. How did that go well?

Speaker 17 (23:55):
According to President Trump in a posting on truth Social
just within the last half hour or so, it went
very well. He says that Lula is the very dynamic
president of Brazil. We discussed many topics, including trade and tariffs.
Representatives are going to meet now to advance those discussions
in various ways. I think the most interesting aspect about

(24:17):
this meeting is that we didn't get to see it.
There was supposed to be a photo opportunity in the
Oval Office. It never happened. And it may well be
that the Brazilians, worrying that Trump might do a bit
of a z a lens Ski on Lula because they're
not exactly philosophical soulmates, said we're not participating in one
of your made for TV Trump shows. So he's left

(24:39):
the White House and we never actually saw them together
except for a handshake on the White House front doorstep.

Speaker 2 (24:44):
All right, mate, you have a good week. I appreciate it.
Simon Marks, who's that you? Correspondent, Feature Story News Karen Livett,
By the way, I's head the baby. This lovely photo.
She's posted a lovely photo of her self and baby.
So she worked right up until the inn because she
only lived the other day. Snap. By the way, first
quarter earnings just before we leave America Global. It always
interests me. Everyone goes talks about Snapchat Global daily active

(25:06):
users upper smidge, but not a lot. There's four hundred
and eighty three million users on Snapchat, which is a
lot of people, obviously, but you might remember there's about
eight billion. So if you work it out, it's it's
well five percent of the world. Ninety five percent of
the world is non Snapchat Warner Brothers, by the way,
which does affect us in this part of the world.
They announced a net loss and that was all to

(25:26):
do with the whole merger thing that never happened with
et cetera. Streaming was up nine percent, So there is
no cost of living crisis because we've got money for
fast food and we've got money for streaming. So HBO
Max is doing very nicely for them, thank you. What
there is not doing well for them is seeing NTBs discovery.
So that's all your linear stuff revenues down, linear advertisings

(25:50):
down eleven versus digital advertising, which is worth eight. So
that's the old old world New world media story for you.
Ten minutes away from.

Speaker 1 (25:56):
Seven, the make Hosking breakfast with Vita Retirement Communities News.

Speaker 15 (26:01):
Togstad bes I.

Speaker 2 (26:02):
Keep updating the UK Council elections. I'm working and seriously
interested in them. The demise of Starmer can't come soon enough. Well, Paul,
it might not be the demise of Starmer if you
listened to Rod yesterday. Despite what we'll probably unfold today.
Pole's close at nine hour time and they'll roll throughout
the afternoon. As far as the results are concerned, there's
really no one to replace them, and they'll suck it
up and try and carry on. Let me ask you

(26:23):
this question, how BIG's two bigs? So this whole Nikola
willis after seven o'clock on the OECD report and electricity
is no longer affordable in this country, or it's no
longer cheap, and we don't have abundance and we need
abundance to grow. But then yesterday the largest solar farm
in the country between Taupo and Napier. We've talked about
this before, but it's underway, Tara Nui, Meridian Energy and

(26:44):
Nova Energy. It's a colab eight hundred hectares of farmland.
I mean, even if you're a disciple of renewables, and
I'm not against renewables, but at some point, and you're
flying us flying somewhere the other day, I look down.
I saw a solar paddock full of solar panels. I thought,
do I like to look at that? And you know

(27:04):
you put it behind a hedge. Who cares? I know,
But at some point you're going to go The countryside
is festooned with these solar panels. And to my mind,
eight hundred hectares of farmland is too many. That will
be seven hundred thousand solar panels. So that's going to
do one hundred thousand homes. So on the renewable question, great,

(27:26):
one hundred thousand homes. It's renewable, God bless you know,
let the sun shine. But how many is too many?
You know? Can you do one hundred here and one
hundred there or do we need to do a lot
of seven hundred thousand over eight hundred hectares? And eventually
I just wonder if visually we're going to start to
regret it five to seven.

Speaker 1 (27:47):
Well, the ins and the outs.

Speaker 15 (27:49):
It's the fizs with business favor.

Speaker 1 (27:52):
Take your business productivity to the next level.

Speaker 2 (27:54):
Now, the company with the best name of the country,
Baker Tillia Steeples, Right, very good afternoon. May I be
a the assistance could tell the Steeples road way anyway.
They had a look at the tax take for the
financial estimated tax take is going to be up one
point nine percent. Is that good? Not really compares to
increases the three point nine percent last year five point
four and twenty four and six point two and twenty three,

(28:16):
go back to twenty two to fifteen point six. Trouble
with that is profits. Obviously we're not making the profit.
If you don't make the property, you can't pay the tax. Now,
corporate tax takes up just or will be up one
point two percent, so that's less than GDP. So three
thousand liquidations, you've heard that in the news. Of course,
that's the highest number of liquidations and March alone since
twenty fifteen. Supplies don't get paid when somebody goes under,

(28:38):
so the whole thing's it's a domino effect. They've also
had a look at tobacco excise duties. Now they're down
twenty percent. So are we given up smoking? Probably not.
What's booming is the illegal sales, and you're not paying
tax on illegal sales. Gambling though, So we like the
fast food because I note the door dashing. I told
you about Macs and Burger King. So we're loving the
fast food. We loving it delivered to our housekers. We're

(28:59):
two blood lazy to get off our bums and go
and get it. We're buying the illegal cigies and we're
gambling up twelve point four percent. What a cool country.
We are are the rucks. What's happening with the rucks?
It's only up two point four percent changes of course
now including the EV, so that may or may not
flow through, depending on whether we get ourselves excited about
EV's got ourselves excited in April when the war started.

(29:21):
I'm standing by for May, June, July to see whether
it's a thing or whether or not we just went
a bit spas for a while. But anyway, so all
the upshot of that from Beeker, Tilly, Stables and Broadway
is that the tax rate is not what it could
be should be. So it's that that tricky thing you
don't want to pay a lot of tax. But then
sort of it reflects a booming economy, if we had

(29:42):
a booming economy. Speaking of economies, Nikola Willis is but
moments away.

Speaker 1 (29:49):
Credible, compelling. The breakfast show you can't bess it's the
Mic Hosking Breakfast with Defender Embraced the Impossible News Togstad.

Speaker 2 (29:57):
B seven past seven. So the OECD, we had a
word about New Zealand ink yesterday. They've weighed in on
the super debate. Of course, they want eligibility link to
life expectancy we had eventually to sixty nine. Also some
main means testing for the top ten percent of earners.
Nicola Willis, Finance Minister, back with us morning, Good.

Speaker 18 (30:12):
Morning, Mike.

Speaker 2 (30:13):
How was Singapore?

Speaker 18 (30:15):
It was very positive and that's an excellent relationship we
have with a fast growing country. We're already doing eleven
billion dollars worth of trade and there's potential to grow
a lot more. Weak chequlls Kiwi jobs better and comes for.

Speaker 2 (30:26):
Us good im foecd un. Everyone's got to say on
us do we care?

Speaker 18 (30:32):
Well? Look, they offer an external perspective, which I think
is useful, not to just be self dwelling and look
at our own navels. Obviously, anything they say, we then
need to decide what suits us and our country and
our national interests. But I enjoy policy insights from others.

Speaker 2 (30:48):
What do you I mean they say we should be
doing something about superannuation, We're not going to so is
at the beginning of the middle and the end of it.

Speaker 18 (30:56):
Well, no, we are going to have to do something.
If you're sensible, you listen to these facts and you think, well,
that's not sustainable. In the nineteen sixties there were around
seven New Zealanders of working age. For every person aged
sixty five or older, today there are four, and by
twenty sixty five there will only be two. So that

(31:16):
burden on our tax payers is increasing significantly. Already, between
last year and the end of the fiscal period, the
cost of New Zealand superannuation will increase by about six
billion dollars a year. It's rising as a proportion of
what we tax you for, so it's currently just over
sixteen percent, it's going to rise to over twenty percent.

(31:37):
And every dollar we're spending on superannuation is a dollar
not available forstfucation, for health, for infrastructure. So gradually, overchange,
over time, some changes will need to be made. They
don't need to be as dramatic as the OECD suggests,
but some adjustments will be needed.

Speaker 2 (31:52):
More pressing for me was when he said electricity or
power in this country is no longer cheap. I mean,
surely that's an alarm bell, isn't it.

Speaker 18 (32:00):
An alarm bell? And their analysis is the same as ours,
which is the problem is with gas drying up, that
creates a risk to everyone wanting to invest in generation
and so in the absence of some backup firm and
capacity for although when those hydro lakes run low, we
can only expect the price to keep going up. So
the report suggests that yep an LNG import facility would

(32:23):
be a good transition tool so that we don't run
out in the short term, and then over the long
term technology will help us. There'll be better batteries, our
hydro facilities will be able to do more. But in
the meantime we've got an immediate issue, and if we
don't solve it, we can't expect the investment, and therefore
the lower prices we.

Speaker 2 (32:39):
All want is the investment to your eye at the moment,
going to bring us abundance, which is what Richard Preble
was talking about earlier on this week, abundance versus constraint.
Do we have abundance? Will we get abundance?

Speaker 18 (32:52):
We can have abundance because unlike many other countries, we
have the capacity to create a lot more renewable energy.
We've already seen a big tick in the amount of
solar farms and wind farms going up. But the constraint
on that, ironically is if they don't think they can
get back up generation when their sun isn't shining or
their wind isn't blowing, then they're reluctant to invest because

(33:14):
what is the products they will have to sell to consumers.
So what the analysis says is actually, if you know
you've got back up, whether it's that coal being burned
at Huntley, whether it's that LMG facility, or whether in
time it's more natural gas, then others will be more
prepared to invest in renewable energy and you could get
to abundance. That's our vision. We want an electrified economy,

(33:36):
we want more renewable energy. But giving people the confidence
to invest is the key factor.

Speaker 2 (33:41):
You have a good weekend. Nikola Willi's Finance Minister tendus
past seven pask it related matters just as it's about
to open ironing of ironies the government's order to full
review into the cost of the CRL. Of course, a
former BOS Shaun Sweeny, yesterday said belatedly it could have
been built for half the price. Final bill is going
to be five and a half billion. Ellen Pollard's, the
chief executive Obsible Contractors in this country is with us morning.

(34:03):
Mike is Sweeney generally right about the CRL and projects
of the size we don't scope them properly, priced them properly,
or do them properly.

Speaker 19 (34:11):
Yeah, I can't really comment specifically on CNL, but broadly
has comments around infrastructure, something that we support. You know,
we've been arguing a long time that we need to
make sure obviously the projects a lot of value for money,
but there's a lot of things that impact on that
right back from the consenting stage. For example, Infraculture Commission
talks about consent and cost being over billion dollars a

(34:33):
year right through designs. We have a tendency in New
Zealand to bespoke design everything that we do, whereas actually
having a catalog of designs that we can use with
much more efficient than and in fact Erica Stanford and
the education portfolios of cut cost of classrooms in half.

Speaker 2 (34:52):
That seems to be the globals. We're not the global story,
the local star story, which is the school thing. Why
given that we know this, don't we apply it.

Speaker 19 (35:03):
Well, that's a very good question, and it's something we
are pushing a lot with our clients. I mean, we
argue very strongly for what we call early contract or engagement.
So because our contractors they know the stuff, they're delivering
their experts and doing it. They understand the practical side
of it. If you've got contractors involved right up front
pre design, then what you end up with when our

(35:24):
view is a much better outcome, must better you for money,
unless rework required.

Speaker 2 (35:29):
Okay, the government would tell us the ROMA is helping
some of that consenting stuff. You've answered the design question.
What about the other issue of long term political support,
the Singapore style of doing things. In other words, you
buy into this and doesn't matter what the government, you
stick with it.

Speaker 19 (35:42):
Oh lot. We strongly support that and certainly as part
of our election expectations this year is much greater by
partisan approach. And infrastructure, the Infrastructure Commissioners come up with
a thirty year strategy which we strongly support. But we
just can't afford to have this the cancel culture happening
every time go UN changes.

Speaker 2 (36:01):
So are we at the point, as it fair to
suggest Ellen that we know what the issues are, We
are capable of fixing them. It's just a matter of
actually doing it well.

Speaker 19 (36:12):
I believe so. I think the answers are in front
of us, but it's going to take a collective approach
to actually make this happen. We're all interested in developing
the best possible infrastructure of the best value for money.
All of us had great ideas about how they can
do that. We've got to pull all those ideas together.

Speaker 2 (36:28):
Yes, we do have a good weekend. Ellen Pollard Civil Contractors,
thirteen minutes past seven. The housing market still seems robust
cotality Westpac first home buyers report this morning at twenty
seven point five percent. The record was twenty eight point two,
so we're still right up there in terms of first
home buyers. Here's a fun fact. Your average one year
fixed is gone from seven point six seven percent a
couple of years ago down to five point two nine.

(36:51):
So if you got a ninety percent mortgage over twenty years,
you are saving nine hundred and six dollars a month
on payment, so you are materially better off. In most
first home buyers don't need twenty percent are you're paying
a medium of nine hundred in Auckland seven hundred and
bay of twenty seven thirty in Wellington the Tasman seven twelve.
I've got a relative who bought five hundred thousand dollars

(37:11):
in the South Island the other day first time she's
just a kid. Why Katos six hundred and ninety five.
So that's robust. That's a good upbeat story, isn't it.
Fourteen past seven.

Speaker 1 (37:21):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at.

Speaker 2 (37:26):
B Mike, here's a fun fact for you. For infrastructure
and buildings, over sixty percent of the whole of life
cost of post construction. So if you think the tail
is expensive to build, wait until the ratepayers see the
bill to maintain it over the decades. So that's very
interesting insight, Mike. If they wanted an electrified economy, why
would they have given Lake Onslow the boot almost unlimited dirt,

(37:47):
cheap power, kick down the road. I thought that answer
was obvious, but let me come back to it in
the moment. Seventeen past Crusaders back at the new Stadium
tonight Blues. They tell me it's a sell it. Colin
Mansbridge is the Crusader CEO. And with us Colin morning
wedding like how you make very well is it a sellout?

Speaker 9 (38:04):
It is that there's actually there's a few seats, a
few pockets here and there, and as people have, as
people go through a process of saying I know I
can't make it and put it back into the pool.
There's a few pop up so if you're if you
there's less than hundreds. So but it's essentially sell out. Yeah,
so I go and find those seats.

Speaker 2 (38:23):
Is it the stadium? It must be the stadium, because
you don't always sell out at the old ground, so
it must be the stadium this time. Is that right
or not being unfair?

Speaker 13 (38:32):
No?

Speaker 9 (38:32):
No, I think the stadium's got something to do with it.
It's It's one of the interesting things about super And
I was watching the Canes last week when we played
the Canes, when you got inside the Capes and the
event went on and they had a halftime show with fireworks,
and Malcolm was all excited about it. It's actually a
really awesome event. But when you're outside of it and

(38:53):
everyone's bagging it, it's sort of you think it's it's
not going to be much fun when you get there.
But the people that get there are fun. We're just
they just sing a wee bit more Sweet Caroline And then.

Speaker 2 (39:05):
Now what's happening with the Crusaders? But patche this year colin.

Speaker 9 (39:09):
A wee bit up and down. It's sort of a
little bit of a replay in terms of uh, you know,
cattle and availability.

Speaker 10 (39:17):
But we've got what.

Speaker 9 (39:18):
We've got some coming back and and I thought last
week I was really impressed with the effort and the
team that the team was outstanding to the effort and
there were two great teams going hammer and tongs with
each other. So I think that's probably a mark of
where we're at at the moment. So you know, last
week we lost, Next time we played them in a
couple of weeks, maybe we'll win.

Speaker 2 (39:36):
You're going to keep selling out, and if you do,
what's that do for you? Bottom line?

Speaker 9 (39:41):
We will be selling out, I think based on demand
to date, and it will be great for us. It
would be you know, we're lucky of all the clubs.
It's it's a sea change for us in terms of
going in there.

Speaker 10 (39:53):
So it will it will be very positive for us.

Speaker 2 (39:56):
What's what's the word on the horses, Colin? What's going
on there?

Speaker 9 (40:00):
You you were going to ask me that you've just
seen these AI images of these around. So one thing
pre Super Around, what was really clear when we were
planning for Super Around with all of that infrastructure was
in there, it was dangerous.

Speaker 10 (40:19):
It was absolutely dangerous.

Speaker 9 (40:20):
Post super around games look different and they feel different,
and it might be different. So I'll just that it
might be different and hold your breath.

Speaker 2 (40:29):
Mate, good, good, good, nice to talk to you. Have
a good weekend. Colin Mansburgh see a good guy or
what crusader ceo sell it this weekend? Speaking Rugby David Kirk, Chairman,
Big Day, Yesterday's new president, new ceo. The numbers are interesting.
It depends on how you read them as to whether
they made a winner or loss. But he'll crunch through them.
After seventh thirty four, it's mark the week in the
moment though seven twenty.

Speaker 1 (40:51):
The Make Asking Breakfast Full Show podcast on aheard radio
powered by News Talk Zip.

Speaker 2 (40:59):
You know you celebrating New Zealand Music Month Harvey Norman
as they're cranking out the Kiwi beats in store right now.
They've got especially curated playlists. Perfect time to rediscover some
of the old favorite locals and maybe even find a
few new ones to add to the list. And you
don't want to forget the New Zealand Music Month. T
shirt Friday twenty nine, Mayer's T Shirt Day. It's all
about celebrating great New Zealand Music. Supporting the work of
music helps, so dig out your favorite Kiwi band T shirt.

(41:23):
Get involved by donating now if you're looking for a
better way to listen. Excellent deals the sanahai As are
HDB six thirty. They're the over ear headphones seven ninety
eight plus you get fifty dollars Harvey Norman bonus gift
card the JBL five twenty party box now seven eighty seven,
saving over ninety There's also the limited edition Sunset Peach
Bows sound Link speakers, so you get them in store,

(41:43):
you can do it online. You celebrate New Zealand Music
Month with Harvey Norman. Terms, conditions and exclusions apply.

Speaker 15 (41:50):
Pasking seven twenty four.

Speaker 2 (41:51):
Time now to mark the week. Little piece of news
and current events that's more welcome than the sight of
the Canary Islands on the horizon. Once the rats have
got you the war seven.

Speaker 8 (41:58):
The blockheads in the power of the pluck air?

Speaker 2 (42:01):
Is it because we are for good or bad? Slow
a fast start or stop? About there? I think, and
in time it's going to be a distant memory. Lively v.
Beldoni three. I mean, was that about the most vacuous
of legal entanglements in a very long time? Or what
are the met Gala? Seven? Hate bezos all you want,
but it's really about fundraising and it raises a lot
of funds. Are the Warriors seven? Yep, there's a role

(42:24):
on here, a real consistency and two more easy points
this weekend food scrap bins two they're not used. They're
made of plastic. Ironically, they blow all over the neighborhood.
And the forty percent shows a bad idea is a
bad idea, whether it's on the white board or on
your street corner. Originaire six All aboard Wellington Westport Lives

(42:47):
to fly another day, which is good. Citizenship tests six.
A lot of ideology floating about the place this week.
I mean does answering a question mean you something or
subscribe to something or believe in something? Or did you
just tell the people what they wanted to hear? Are
the goal visa ranks this week?

Speaker 20 (43:01):
Five?

Speaker 2 (43:01):
I mean they got a point. There are lots of
investment options and maybe some of them aren't getting the
airtime they deserve. But the main point here is the
Gold visa is a hit, and money and people and
talent is flowing into the country. Sean Sweeney's seven because
he told it like it is over the CRL. But
he didn't say that when he was taking the paycheck?

Speaker 10 (43:18):
Did he?

Speaker 2 (43:19):
Cuisine two a bunch of pompous tofts. No one defends Vaughan.
Maybe right if what is said is true, But cuisine
rates food and menus and dining experiences, not whether the
frypan genius extends to being a pratt starma.

Speaker 10 (43:33):
One my bye vibe.

Speaker 2 (43:37):
He's taking an electoral bath as we speak and is
shaping surely as one of modern Britain's most useless leaders.
Opek seven more oil. They announced that this week more
oil and the UAE left, which means more oil. Are
the BSA eight? Small celebration of the week. I doubt
anyone outside the media really cares. But self important quasi juries,
pontificating on time wasting nonsense needs to be prove and

(44:00):
prune heart. And that's the week. Copies on the website
and consumers came back to us this week and confirmed
that marking the week officially adds four point seven points
to the consumer price Index. Husky ye, the business of
Lake Conslow. I thought we all understood that Lake Onslow
got booted down the road. For the very simple reason
is they priced it at sixteen billion dollars, which is,
you know, the reality would be more like thirty two
billion dollars. Thirty two billion dollars we don't have. It's

(44:22):
a hole in the ground. There are better ways to
do it. So yes we'd have abundant energy, and yes
we'd have a hole on the ground, but at thirty
two billion dollars, it's not worth it, simple as that, Mike.
It's one hundred percent about the stadium. I'm taking my
family of five to our first Super Rugby game in years.
It's forecast to rain. I'm hoping it'll rain. It'll be brilliant.
And that's what you get when you get a stadium,
and a stadium with a roof on it, and some

(44:42):
good entertainment, some good drink, and some good food and
some good rugby. I mean, what more do you want?
Speaking of which, crunching through the numbers of the how
much do you want to make? This a business interview
versus a rugby interview? See, I'm not sure what to
do here. The numbers for the union are interesting. They
lost money, but then they made money, so that's an
a counting trick. The money they made in some way

(45:03):
came from one offs your silver Lake stuff. So but
they're spending a shedloaded dough and they're barely making any money. Now,
David Kirk will tell you they're not there to make money.
They're there to improve rugby. So there's a lot to
talk about, so we'll we'll kick it off. See what
I did then with David Kirk.

Speaker 1 (45:20):
Shortly no fluff, just facts and fierce debate. The Mic
Hosking breakfast with Bailey's real estate one percent key we
owned and operated us togsdad.

Speaker 2 (45:30):
B twenty three minutes away from a Friday morning to
mccaty after right, of course, So a big day for
the national game yesterday as the Rugby Union announced a president,
a CEO, and a loss to the bottom line, although
we'll explain that in just a couple of months. David
Kirk is the union share of course, and his back. Well,
it's good to see you, Good morning night.

Speaker 15 (45:44):
Politics.

Speaker 2 (45:45):
First, without getting too controversial, first woman president. There's your headline,
first woman president. Why do we still fixate on gender
when the best person should have the job, and I'm
assuming she's the best person for the job. She happens
to be a woman.

Speaker 21 (45:58):
Correct, Yes, and I'm not sure if I go once there.
I mean, we just do. And it's a general societal thing.
It's a transition. We're making.

Speaker 11 (46:06):
Progress, we're making and we're delighted to in a way
contribute to it. But you're right. We didn't choose Erin
because she was a woman. We chose it because she's
an excellent candidate and she was nominated by the Wellington Union.
We moved between Northern, Central and Southern for our presidents,
and the Central region nominated Aaron, which was fantastic.

Speaker 2 (46:25):
Explain the Steve Lancaster thing. You tried very well, I
thought yesterday, But Steve's in the job, and you go,
tell you what, Steve will look around the whole world,
and then having looked at the whole planet, you go, hey, Steve,
guess what.

Speaker 21 (46:37):
Yeah, Well, things change.

Speaker 11 (46:39):
I suppose that's the best way to think about it.
We definitely started off and it's true that we I
think I and I was underestimated Steve. But we'll come
back to that. Things change when we went into the
when the third board was appointed, and to some extent
it was a disadvantage of completely changing the board last year,
we didn't have a strong understanding of the execute of talent,

(47:01):
so we thought we needed to go global for a
new chief executive, and we did that and Steve went
into the interim role. And as Steve started to execute
his interrom role, you a month after month, it became
obvious to us, more obvious to us that he was
highly capable.

Speaker 21 (47:16):
In a broader role than we had suspected.

Speaker 11 (47:18):
We knew he'd be great in the community game and
around New Zealand, but he's also completely across the.

Speaker 2 (47:25):
Major fundaysually a compromise candidate.

Speaker 11 (47:27):
No, he's not in any you could think he would be,
but not because we've given him an opportunity to demonstrate
that he's absolutely up there.

Speaker 2 (47:34):
Because I'm more worried not about him, but I'm worried
about the union. So you because when you go to
the world, I mean, that's quite the thing to be
able to do. Is if you could take your pick,
are you still of an attraction that you could get
the best of you wanted it, if they were out
there for your needs?

Speaker 21 (47:52):
Well, I think yes.

Speaker 11 (47:53):
I definitely think New Zealand rugby is a highly sought
after sports leadership organization. Any people from the world like
would like to do it. There are challenges with getting
able to come to live in New Zealand. It's a
long way away from where anyone international comes from. There
are challenges with getting people from outside New Zealand to
really understand our rugby.

Speaker 21 (48:11):
Community and where we have it.

Speaker 11 (48:12):
That the role of our as our joint role as
a non as a national sporting organization, you know, the
community game as well as a global and the leading
global rugby brands and the leading global rugby business is
not common. So it's not you know others out from
people from outside New seuand will genuinely have to get

(48:33):
to know.

Speaker 2 (48:33):
Its So is that a problem? Is it one of
those things that's ever going to change or it is
what it is.

Speaker 11 (48:38):
No, I don't think it's going to change, But that
doesn't mean to say that we won't in the future
continue to have options outside New Zealand because you know,
highly capable executives can make the joke to make the transition, explain.

Speaker 2 (48:52):
The headline loss of seven point five versus the operating
profit of seven hundred thousand.

Speaker 11 (48:56):
You know, when you when you run a business, you
start by getting your revenue and the top, and then
you have costs associated with driving that revenue and other
things that you need to do in the future. So
there's revenue minus costs and that's just you're operating on
a day to day basis, and accounting laws are always
you know, things that have to be adjusted to get
to that, and we had some We had an additional

(49:18):
payment from any offs at the top that gave us
a higher revenue than we would normally expect in a year,
but we also had some things that were taken out
of the revenue that were one offs as well. So
net network about break even is best.

Speaker 2 (49:31):
Which is where you want to be, which is where
we want to be a.

Speaker 11 (49:33):
National sporting organization. We should be reinteresting in the game
and it need to hold the money in the center.
But we also have undertaken this growth strategy over multiple
years and that was why we.

Speaker 21 (49:45):
Introduced silver Lake, which we sold some forward.

Speaker 11 (49:48):
Revenue net revenue, and we've now got a lot of
reserves and so we are prepared to invest some of
those reserves to drive future growth and that's where the
seven point five comes from. This it's seven point five
of our reserves into growth and in accounting rules that
seven five has to go through the P and M.

Speaker 2 (50:06):
We'll explain. So the reason I'm asking that is because
of the cost. So two seven six million and twenty
three three oh three to three eleven. You're spending more,
you would argue, I'm spending more to grow the game. Yes,
are you just spending more for the sake of it?

Speaker 21 (50:21):
That is absolutely the right question.

Speaker 11 (50:22):
And and the sort of the subsidiary question is what return
are you getting on that additional spend And it's hard
to say in business. You know, people everyone who understands
business when know you spend the money now and you
don't know what return you're going to get.

Speaker 21 (50:34):
Into a few years play out.

Speaker 11 (50:37):
But it's crucial for us to keep an eye on
that and be very clear that what money we're spending
is going to be driving revenue for us in the future.

Speaker 2 (50:44):
See what makes it interesting? From your other life at
KMD and stuff. I know you're left in everything, but
I mean you know it's at the bottom line, you
either made money or you didn't, and you're there to
make money. Here you're trying to do something different because
what is growth and so the World Cup is success.
So you spend to win the World cut, but all
the other aspects of what you're doing, how do you
judge whether that's actually working or not whether I perceive

(51:06):
it to be working.

Speaker 11 (51:07):
Well, we've got real KPIs across all of those key
performance indicators they're called in the jargon KPIs, and so
that it's very clear what's expected. So for we have
four strategic priorities, winning teams in blacks and winning World
Cups and other series, a thriving community game. There's a
range of different targets we've got there, including participation and

(51:27):
retention targets more than anything else, and in the financial
health of the community game for instance. And then we've
got more generally a growing, profitable and successful business and
that is definitely just a normal business bunch of kpris there.
And then we've got engagement in alignment because as you're

(51:47):
known as everyone would know that being a national sporting
organization and a major global business, we need to all
be aligned because there are trade offs all the time
we need to make and we need to understand the
issues that we ask to make trade off on. So
that was you know, we made I think, you know,
good solid progress on that at the AGM yesterday.

Speaker 2 (52:06):
How much of your fixed costs, as they say in business,
are a problem, fixed costs being the players and the unions.

Speaker 21 (52:12):
These are all very good questions. These are these are there.

Speaker 9 (52:18):
Now?

Speaker 11 (52:19):
These are exactly the things where we're wrestling with the
fixed cost of the players, which is thirty six point
something two or something like that, of the commercially generated revenue,
which is which comes to around about thirty percent of
the total revenue.

Speaker 21 (52:37):
That's pretty much standard for global sports teams. I mean
some of them.

Speaker 11 (52:42):
The English Premier League play out you know, seventies and
eighty percent of their revenue to the players because of
the extreme competition for them. But you know it's about
thirty percent, is about right. So we're that's fixed. We
have to pay out thirty percent of our revenue about
but it's not unreasonable at all, and that's important for
us to keep our best players in the country. So A,

(53:02):
they've got they've got a pathway to become all backs
that trains them well enough. And B we've got competitions
in New Zealand that have our best players in them.
So I pe'll go along to those competitions for rugby
in particular.

Speaker 2 (53:14):
How's the revenue stream in terms of take out the
one offs you mentioned in the OS for example, take
take it and there's a bit of silver Lake money
in there, I think as well in terms of one offs,
take out your one offs. And as a revenue stream
as a business, given you've got these fairly high fixed costs,
is it easy to make money or not? Or bring
money into the business or not.

Speaker 11 (53:36):
Nothing's easy in business, and nothing's easy in the current
global climate because people are not prepared to make decisions
because they're just waiting to see how things pan out
a bit. But you know, we've got great brands, and
we've got great opportunity to monetize those brands through new
competitions like rugby's greatest rivalry, like the nation's championship, like

(53:58):
the World Cup every four years. So I'm definitely not
saying to you or Jennie Jelldersa, oh this is all
too hard.

Speaker 21 (54:04):
It's not too hard.

Speaker 11 (54:05):
We've got great brands, we've got the opportunity to monetize
them well. And as you and as would say you,
managing of cost is in our hands.

Speaker 2 (54:13):
Sure, we either do it or we don't. You can
sell the all Blacks these days as much for as
much as you've ever been able to sell the All
Blex for Yeah.

Speaker 11 (54:19):
Absolutely, Yeah, your media media rights, we've locked in the
next media cycle. We've got new sponsorships coming up. Certainly
at the moment we have the we have you know,
record media, commercial media coming from sponsorships, and our media
is also kind of up there with your exp.

Speaker 2 (54:39):
I've got to ask you about Mowana because I know
you're already in the news this morning commenting on it.
Is it valuable to have a an invented side for
unsporting reasons? And has the result of what's happened here
had been you could see it coming a mile away.

Speaker 11 (54:56):
It's valuable to have pathways for PACIFICA players rugby players.

Speaker 2 (55:01):
Well, why isn't the Hurricanes a pathway?

Speaker 11 (55:03):
That they are they are a pathway. All of our
all of our franchises are pathways. And that's exactly right.
So we have those have those pathways and many PACIFICA players,
as you would know, play pay for all of our
five super rugby teams. Uh, there is a there's more
of a cultural specific cultural connection for for someone and
and Tongan and Cook Island and Fijian players through Wina Pacifica.

(55:29):
But beyond that it certainly it and an and an
extra team which provides which has provided actually very few
players who have crossed over to the other franchises and
become all black, so it hasn't produced. It's not it's
not really for producing all blacks. So you're right, that's
a big question mark. Can I have a fully.

Speaker 2 (55:49):
Do you want to die in the ditch over or
if someone's grade, if they don't, that's life.

Speaker 11 (55:53):
That's the latter, because it's not our job to invest
in an invest in a sixth super rugby team. We've
got five, which are the foundation teams which provide us
with good pathways for the all blacks. And if someone
else steps up and has bed fun mine in Pacifica,
that's great. We will be very supportive. We're certainly not
withdrawing any of our support. We're maintaining that, but we're

(56:15):
not going to go any further.

Speaker 2 (56:16):
Always a pleasure, you have a good week, hends nice
to see if David Kirk cheer of the board thirteen
to two.

Speaker 1 (56:21):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, powered
by News Talks.

Speaker 2 (56:27):
At b HI Mike Cute lost to David Kirk for
answering questions clearly and concisely. Couldn't agree more. Great interview
with Kirk, open, frank and clear discussion, a man who
knows his numbers and empathetic for those people. It's not
surprising to learn he's a Rhodes schol or is it?
Or is that just me? Just one more? Two more
quick things on housing, average asking price up a bit again,
so things are encouraging. Monthly numbers are all over the place.

(56:49):
I mean, they're down thirteen percent in Marlborough, but they're
up thirteen percent in South and they're up twenty nine
percent in the West Coast. In Auckland they're flat down
two and a half percent of the plenty. So I
don't know what's going on. He's probably not worth looking
at monthly numbers, to be frank. But rents are down.
They continue to drop in most parts of the country.
We're averaging now six thirty one. It was six forty.

(57:12):
Before that it was six sixty, so things are going down.
Listings are still looking pretty good. Central Ottaga is very expensive,
but at eight sixty And what's going on with Luke
metcalf Hey at the Warriors. What's going on with Luke
Metcalf his management? I am reading has inquired with the
management of the Warriors. Now that Tana Boyd, Tanner Boyd,
Tanna Boyd and Chanell Channel? Who calls them channel? I

(57:35):
think it's I think it's Webster, isn't it calls them channel?
Tell you what I did with Channel Chanell and Tana Tana? Anyway,
now that they're playing really well, Lukey's on the bench.
So there was a guy last year who you couldn't
love enough. Now he can't get off the bench and
they're inquiring at management level as to what his future is.
So maybe he's a little bit nervous. Mind you. I
would have Luke kick over Tana. I'd get Luke on

(57:58):
the field along with Tar. Say Tani, you're not that
good at kicking. Let's give Luky a go. That would
be That's the way. Mike Caesar Free Advice eight minutes
away from eight the.

Speaker 1 (58:10):
Mike Hosking Breakfast with Defender News toksdad b are.

Speaker 2 (58:13):
Of Ironic Yesterday, on the day they announced the demise
of the BSA, the Broadcasting Standards Authority. One of their
last decisions was a decision around the six o'clock news
on TV one and how they misled you over a
clipper of cuts of Trump, and they need to correct it,
and they need to make a statement about the correction.
And that's what we need. That's why, because these people
will do this. And if you ever had a predilection

(58:35):
for thinking that TVNZ news was a bit left leaning
or a bit anti Trump or whatever, this decision yesterday
confirmed it. Now I'm assuming the Media Council will then
become the go to body for that sort of specific
correction so that you can be reassured that they are
at times at least trying their best. But then also
on the same day from the Broadcasting Standards Authority was

(58:55):
a decision involving Paul Henry, who hosts some sort of
game show and he made a joke about Indians. Again,
he's got form on this anyway. Four people complained and
I can't even I didn't even get to the part
of the story where they decided which way it was
because I couldn't give them monkeys anyway. He either lost story,
won one or the other. But the point is, that's
what's wrong with the BSA winers four winers went he

(59:16):
mode in Indian joke and I don't like that and
it's not fun. Tough luck, go away, don't watch television
see And that's why the demise of the book Broadcasting
Standards Authority was not a moment too soon. So the
good decisions get shifted off to the media Council. The
stupid decisions no longer become a thing. And I think
ultimately we're all better off because.

Speaker 10 (59:35):
Of it, aren't we?

Speaker 2 (59:36):
Timkatie Friday, Morning after eight, After the News, which is
next here? News Talk said, be.

Speaker 1 (59:44):
Asking the questions others won't the mic asking, Breakfast with Vida, retirement, communities,
life your Way, News Talks, Dead b.

Speaker 11 (01:00:00):
Ba as the burden made of wood, a good voice
and how.

Speaker 2 (01:00:09):
The song is called. The album is called Sweat, and
it's Melcy Melanie c. She was sporty, she's spotty on Oh,
Sam doesn't know? Sam's going straight to the Google. What's
the point of being hiring millennials? And I don't know
what's going on? Yeah, there you go. So she was sporty,

(01:00:32):
she's a d Jane, she's a pop star, she's an athlete,
promises all of this on the muscular Jim Ready title
track called Sweat an escapist comfort. I quite like this
and it's home. You know you're in that kind of way.
Forty one minutes and forty eight seconds. Thirteen of these tracks.

Speaker 1 (01:00:55):
Hit me with a sponsor The Week in Review with
two degrees Fighting for Fear for Kiwi Business.

Speaker 2 (01:01:02):
Tim Wilson, Good morning, Mike Hoskin, Good morning, Kate Hawksby,
good morning, Good morning.

Speaker 22 (01:01:09):
We were just saying off here, what a beautiful how
lucky we are with this weather, how beautiful it is
at the moment. It's the most stunning autumn. And I've
just been out walking and it is just the most
beautiful skies. And I just can't work out how the
climate everything's moved, all the seasons of moved later when
we ever had such a warm May.

Speaker 2 (01:01:27):
Unfortunately, and this is why I'm successful and perhaps others aren't. No,
no going to bring up some facts, facts, just suck.

Speaker 15 (01:01:39):
The fun out of Friday morning. It's all right, go
ahead with your little factoids.

Speaker 2 (01:01:43):
I'm cognizant that the show is nationwide, and what is
happening at the top of the North Island is not
what is happening in the vast swathe of the rest
of the country, which is called widely a storm and
gale force winds and orange rain warnings.

Speaker 23 (01:01:57):
Oh okay, oh yes, okay, okay, But I get out
and about I've been in the past month. I've been
in Nelson, I've been in christ Church. The weather has
been great down there as well.

Speaker 2 (01:02:12):
Just saying, okay, so what other places can you name
in your life that you've been to where the sunshine
that's not really a fact him I went to London,
doesn't make any difference right down. It's only a nice
morning in the top half of the North Island, is
what I'm saying.

Speaker 23 (01:02:28):
Don't paint a cartoon of an argument and then negate
it all right, that's quite sod. The weather, the weather
in Nelson was actually pristine. It was crystalline, the beautiful,
the sharp light, the.

Speaker 15 (01:02:42):
Foliage as it descended.

Speaker 2 (01:02:44):
Yeah, the foliage at our place, Katie, was it? Was
it the dryer land or was it the electrician who
was saying, who needs zarotown when you got our driveway?

Speaker 22 (01:02:53):
Yeah? No, I'm saying, who needs aarotown when you've got
our driveway? It's the colors of the leaves have been
amazing and they have been noted. But I was out
this morning with a dog, like just after six and
it was seventeen degrees. I know I'm an Orland, but
it's ridiculously warm.

Speaker 23 (01:03:08):
But see, can we buried the lead? What's happening with
the pond?

Speaker 15 (01:03:12):
Are you guys?

Speaker 2 (01:03:13):
No? No, don't know. Tim, don't start that what I'll come.

Speaker 15 (01:03:17):
Back to it.

Speaker 2 (01:03:18):
I will come back you see r ling it?

Speaker 15 (01:03:20):
No couple a bunchet?

Speaker 23 (01:03:22):
Is Chris gonna go and be interviewed by Katie Katie
Bradford and say, look, we could have done it for
half that.

Speaker 21 (01:03:27):
It's true.

Speaker 2 (01:03:29):
Mad came back to us.

Speaker 12 (01:03:31):
No, wasn't that?

Speaker 15 (01:03:33):
Was it not? Mad?

Speaker 10 (01:03:33):
Was it?

Speaker 2 (01:03:34):
Laura? I don't know the so many bloody people at
our house.

Speaker 22 (01:03:36):
He doesn't deal with these people.

Speaker 14 (01:03:38):
I do.

Speaker 22 (01:03:39):
So the first quote came in for a fountain in
the pond, and that came in at the grand total
of just for the fountain alone, six thousand dollars.

Speaker 2 (01:03:46):
That's not true. It isn't true. Theme in the six
thousand dollars was for the pump, not the fountain. The
pump was six thousand dollars. The fountain was extra.

Speaker 13 (01:03:56):
Oh, by the way, it's getting scrapped.

Speaker 15 (01:03:58):
That's not happening.

Speaker 2 (01:03:59):
No, I think we're down to basically three meters of
hose from the nearest tap and we're just going to
put a you know, like a handheld a sprinkler from
bummings something. Hey, listen, just let's pause. Do you remember
Freddy who sent me the warriors cap? Yes, Freddie who
sent me the Warrior's cap. Can you just hold on
because I'm gonna I'm going to ring him now? Oh

(01:04:21):
here we go?

Speaker 15 (01:04:22):
Quiet?

Speaker 22 (01:04:26):
Good morning?

Speaker 2 (01:04:27):
Is that Freddy? Is that Freddy? It's Mike Hoskin calling Freddy.
How are you good? Thank you?

Speaker 15 (01:04:35):
Good?

Speaker 2 (01:04:35):
Now listen, I've called you for justica. Did you get
my email the other day? By the way, Oh good,
no worries. I'm glad it went through. I've called you
for a couple of reasons. One to thank you very
very much for the hat you sent me. That was
a fabulous hat and you're very kind to send it
to me and I wear at most weekends.

Speaker 10 (01:04:55):
Good thanks you.

Speaker 2 (01:04:56):
No wine well in getting the cap, I all you'd
done colored in the bag, but you didn't come. That
was my sister, it was She's very good. How old
is she?

Speaker 8 (01:05:07):
She's seven?

Speaker 2 (01:05:09):
And what's her name?

Speaker 9 (01:05:11):
She's Harriet.

Speaker 2 (01:05:12):
Harriet seven is very good at coloring in and you
put the hat in the bag, so thank you. So
the reason I called us I wanted to thank you
very much for the hat. It's a very kind gift.
The second thing I wanted to do, because you're such
a good bloke, is would you like to come into
the studio on Monday and shake my hand, say hello
and have a little look at how the radio program's

(01:05:33):
done this?

Speaker 9 (01:05:34):
Please?

Speaker 2 (01:05:35):
Would that be exciting? Yes, fantastic? Will you what happens
with school? What do we need to do about that?
Do I need to ring the principal, the headmaster?

Speaker 19 (01:05:45):
No, my parents will just contact them since they already know.

Speaker 2 (01:05:49):
Okay, So would you what time does school start?

Speaker 19 (01:05:52):
Sir said about eight?

Speaker 2 (01:05:54):
Okay, so if you came in sort no, that's right,
it doesn't really quite right. So if you came in
at like sevenish or something like that, would you like
to do that?

Speaker 9 (01:06:05):
Yes?

Speaker 15 (01:06:06):
Please?

Speaker 2 (01:06:06):
Okay, that's good.

Speaker 16 (01:06:07):
Now.

Speaker 2 (01:06:07):
The other reason I invite you on Monday. Now, you're
a regular listener to the show, aren't you. Yes, so
I am off the top of your head what happens
regularly on a Monday on.

Speaker 9 (01:06:16):
This show, after seven thirty, the Prime Minister comes in
for fifteen minutes to talk.

Speaker 2 (01:06:22):
That is correct. Would you like Freddy to meet the
Prime Minister as well?

Speaker 22 (01:06:27):
Yes?

Speaker 9 (01:06:27):
Please?

Speaker 2 (01:06:28):
Do you think you'll be nervous meeting the prime minister?
This maybe a little bit, all right, but anyway he
might be nervous meeting you free Yeah, all right, well
listen you clear it with your parents, clear it with
your school. I'll see you a bit after seven on Monday.
You can have a look at how the show's run.
You'll introduce to the Prime Minister, give them a few
tips on policy, and then you can go to school

(01:06:50):
for the rest of Monday. How does that sound good?
Thank you? I have a good day. You have a
great day as well. Mate, Nice to talk to you.
How lovely is he?

Speaker 22 (01:07:00):
Come on Monday and meet him. I want to come
on Monday too.

Speaker 15 (01:07:03):
He's a future leader. Yes please, yes, please, thank you? Goodbye?
And did you like the way?

Speaker 9 (01:07:10):
Yeah?

Speaker 15 (01:07:11):
No, But he's just like, okay, we've done the bizz.

Speaker 10 (01:07:13):
Move on. I'll tell you what.

Speaker 2 (01:07:14):
He's a future Mike Hosking, I reckon the us.

Speaker 22 (01:07:16):
Tell he knows how to keep it moving, keep.

Speaker 2 (01:07:18):
It moving exactly. I need to keep it moving. To
fourteen past.

Speaker 1 (01:07:22):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio, call
it by News Talks.

Speaker 2 (01:07:27):
It be in a seventeen past eight.

Speaker 1 (01:07:32):
The Weekend Review with two degrees bringing smart business solutions
to the table.

Speaker 2 (01:07:37):
You're a good bastard. Mike made the Lads weekend and
a memory he'll never forget. People are loving Freddy. There's
a lot of love Freddy's.

Speaker 15 (01:07:45):
How do we follow Freddy? I mean, guy's amazing.

Speaker 2 (01:07:48):
Well, I don't think he's on.

Speaker 22 (01:07:49):
Them on Monday. You've got to get photos done and
get them up on the ZB socials. You got to
do photos with you and him and the PM and
him in the control room.

Speaker 15 (01:07:59):
And can he can he do?

Speaker 2 (01:08:01):
Can he do a Freddy question to the PM? So
here's what I'm thinking. I'm blue skying in the air
break already should I'm wondering, I don't know what sort
of talent he is on here. He might freeze and
freak out completely. But I'm well, of course, but I
can't sit with everyone around here. I'm already holding enough
people's hands around here. But I'm thinking to myself, what
about a segment. What about an ongoing partial segment, what's

(01:08:24):
happening in the schoolyard?

Speaker 22 (01:08:27):
Have a chat to him about it?

Speaker 2 (01:08:28):
You know what I'm saying, Like once every once in
the blue moon, you bring Freddy back for a bit
of you know, what's happening in the schoolyard? What's the buzz?
What's the word? What?

Speaker 10 (01:08:34):
What?

Speaker 2 (01:08:35):
What are what are the lads talking about?

Speaker 22 (01:08:37):
As long as he doesn't end up getting bullied because
association with you situation in our experience with our own children.

Speaker 2 (01:08:48):
Thanks for reminding me of that. That was really.

Speaker 23 (01:08:53):
Now I see I don't see Freddy as a painted
picture stock sort of guy. I see him as a
question tough questions yes, please, no, thanks, all right, goodbye.

Speaker 15 (01:09:01):
Do you know that I think he's.

Speaker 2 (01:09:03):
Do you know who he reminds me of?

Speaker 15 (01:09:04):
Freddy?

Speaker 2 (01:09:06):
You are young you Jamie Beaton? Ah, yep, Crimson, Crimson, Yeah,
he's he's you can tell kids who are going places,
and I think I think Pretty's going places.

Speaker 21 (01:09:22):
Yeah.

Speaker 2 (01:09:23):
Because well, this is my other problem, the number of
people texting saying why didn't you invite Harriet in? But
my my problem is and I didn't want to pray
because Harriet doesn't get to come.

Speaker 15 (01:09:34):
No, no, no, no about that. Harriet didn't send you a
cap free for all. No, exactly she didn't, but she
says she can't, she can't pass. Parents are coming.

Speaker 10 (01:09:48):
I mean, that's a hassle.

Speaker 14 (01:09:49):
Surely they get there.

Speaker 2 (01:09:50):
They're not. They're dropping them at the door, and they
can circle. I thought that you sound like the guy.

Speaker 15 (01:09:55):
On the front gate of Rainbow's in. This is not
a family passed. Get to the back of a demn.

Speaker 22 (01:10:01):
Surely the whole family.

Speaker 2 (01:10:02):
What I didn't want to ask was, you know, because Kate,
Kate might not listen. Kate may hate me, So I
don't Harriet. Sorry not Kate. But Harriet may not like me.
She may be like a you know, like a flavor listener,
and she.

Speaker 22 (01:10:18):
Would have done like skulls and crossbones.

Speaker 15 (01:10:20):
On the bed.

Speaker 2 (01:10:22):
Okay, so probably Harriett does. So maybe I should invite
Harriet as well, and Mum and dad. Well, the next thing,
I'm going to have to get.

Speaker 15 (01:10:29):
Sandwich, and yeah, get the whole the whole crow.

Speaker 2 (01:10:33):
And somebody said, somebody said camp them. Some parking.

Speaker 9 (01:10:42):
Has parking.

Speaker 22 (01:10:43):
Someone could surely circle with their car because they don't
want to be getting a ticket or a toe.

Speaker 2 (01:10:47):
And the next nice thing I should do is I
should offer them my car park, shouldn't I that's what
you should do.

Speaker 22 (01:10:53):
It doesn't your.

Speaker 23 (01:10:58):
Well take the three ill apparently the stations are like palaces.

Speaker 2 (01:11:03):
Yeah, exactly, I'll take the crllen give them my car park.
The whole family turns up. Amory will supply cakes and sandwiches. Yeah,
you can possibly go.

Speaker 15 (01:11:12):
Wrong and get that.

Speaker 23 (01:11:14):
Get that person from TV and there who did the
Trump interview to cut the thing up as well complete.

Speaker 15 (01:11:20):
I could not.

Speaker 2 (01:11:21):
Believe I literally heard that whole audience member.

Speaker 15 (01:11:23):
Yeah yeah, Husky, yeah yeah, no, yeah, that'd be.

Speaker 2 (01:11:26):
Great anyway, that's taken up the whole segment. I had
so much to talk to you about. But you know
that's how it goes.

Speaker 15 (01:11:34):
Well, you know, can we come back next week?

Speaker 2 (01:11:37):
Yeah? Probably. Do you realize, Katie, when you were into
the movies takes our slot?

Speaker 15 (01:11:41):
He may be amazing unless for ye.

Speaker 2 (01:11:43):
So actually, well notice, do you realize the recliner at
thirty four to fifty KT instead of the twenty six
to fifty at the movies, you can pay thirty four
to fifty for a recliner, And if you want a
Deluxe recliner. You can pay forty three. Then I'm told
they have they have beds at the front of the theater.

Speaker 22 (01:11:59):
Yeah, we didn't gold casts or anything like that, but
I was staggering. It cost us, just me and my
daughter to go see the Michael movie with two popcorns,
a frozen coke, and two chuck Tops.

Speaker 5 (01:12:08):
You can't beat a Boys and Beree chop top.

Speaker 22 (01:12:10):
That was ninety dollars for one chain.

Speaker 15 (01:12:14):
Well, you shouldn't have had. You shouldn't have had the
chalk tops. You've already had the popcorn on the frozen coke.
Come on, and ninety bucks. That's what is that? That's
like six months streaming.

Speaker 9 (01:12:23):
I was in shock.

Speaker 15 (01:12:25):
That's outrageous.

Speaker 2 (01:12:27):
It's nice to see you guys. You have a good weekend.
Kahawks with Tim was some eight twenty two.

Speaker 1 (01:12:32):
My costing breakfast with Bailey's Real Estate News talg ziby.

Speaker 2 (01:12:36):
Right, Mum's day of course this Sunday. You don't want
to panic, though, because Chem's Warehouse got you covered, unbeatable prices,
big brand fragrance as you can't go wrong. We've got
the Elizabeth Hard and iconic red door one hundred meals
now only thirty nine to ninety five. So you never
had the red door, got to have the red door.
Life's not complete without the red door. Jimmy Chue Fever
forty mills forty nine to ninety nine. You can check
out the Kelvin Klein Eternity for women. That's quite a
famous one as well. One hundred meals fifty nine ninety

(01:12:58):
ninety Vsache Chris still No thirty mils fifty nine ninety nine.
Maybe what she really wants is the wire, Sir Montpelli
thirty mil just ninety nine ninety nine. It's a flash one,
Mirk Jacob's Daisy thirty mils now sixty nine ninety nine.
So you don't want to mess up on Mother's Day.
You don't want to cock it up. So they got
the great offers, They've got the in store, they got
the online, so all the gifts she deserves are there

(01:13:21):
for you. Order online, by the way, before four pm
on any day until the Sunday, you're going to get
free three hour delivery. When you spend over thirty dollars
in all fragrances and fragrant gifts. It's how good's there.
It's good isn't it. Teas and Ceas apply mom'sday. Real
House of Fragrances at Chemists Warehouse, pasking a twenty six Mike.
That was brilliant with the young lad.

Speaker 10 (01:13:40):
Well done.

Speaker 2 (01:13:40):
He gives me hope in the next generation. Mike, Freddy
has made my day. Can't wait for Monday. Well, nothing's
going to happen on Monday. He's just going to be here,
so you won't know he's here. I mean, maybe we'll
film them, but Katie's right, we'll take some photos and
stuff like that. Mike, that was so cool. What a
fine young man. Looking forward to hearing all about it Monday.
Absolutely brilliant, says Paul. What a lovely little chap, said condescending,

(01:14:04):
said condescending, What a lovely little What a lovely little chap,
Such good manners. His parents should be proud of them. Yeah,
that's true. That kid was so polite. Good on your Fred. OMG, Mike,
what a great conversation with Freddy. He and you are legends.
Go fred He sounds like a great young lad. Why Mike,
are you talking about some kid that sent you a hat?

(01:14:25):
You got nothing else to talk about? See you miserable
bastard because it's fun. God sake, Pharah, what's bigger the biology?

Speaker 14 (01:14:38):
Now?

Speaker 2 (01:14:38):
I think the bi system is probably bigger. So we'll
start with that with Murray shortly. Then we'll talk about
the Pharaoh by election. We're off to us straight. You're shortly.
You're a news talk said, be.

Speaker 15 (01:14:47):
Here yourself.

Speaker 1 (01:14:48):
Think it's the mic costume Breakfast with Defender Embraced the Impossible,
News Talks Dead be.

Speaker 2 (01:14:55):
Hel She one of the production markets had opened a
contract about which artist is going to globally this is
have the top song on Spotify the global ranking this month.
Eighty six percent of people are saying Jackson. And they're
saying Jackson because the movie, and so that's not a
bad bet. And the movie it's one of those fascinating things.

(01:15:17):
The movie is getting dreadful reviews, but everyone goes to
see it absolutely loves it. So the question is have
you downloaded anything to your Spotify that wasn't already there?
It Scott Michael Jackson having seen the movie. The next
question I have for you is the Bank of America
did a poll Big Pole Global said Who's going to
win the World Cup and the majority of people said

(01:15:37):
France and Mbepe would win the Golden Boot, but their
AI program, the Bank of America's AI program, said Spain.
So if the AI said Spain, would you put money
on Spain based on what AI told you? Or would
you go with the fans who say France. Question for you?
Twenty three minutes away.

Speaker 16 (01:15:54):
From nine International Correspondence with ends an Eye Insurance Peace
of Mind, New Zealand.

Speaker 2 (01:16:00):
Business Murray Older was want to tell you, ma'am, very good.

Speaker 14 (01:16:04):
Morning, Michael, pretty good. After a busy we over here.

Speaker 2 (01:16:06):
I reckon what I didn't realize the arriving in both
Sydney and Melbourne. But the four women, nine children, how
many got banged up, how many got arrested, how many
charges have been laid? Where are they now and what
happens next?

Speaker 14 (01:16:17):
Right? Okay? There were four women and nine children. Came
back In Melbourne there were three women. It's understood that's
a mother in her fifties and two daughters in their
thirties along with their kids. In Sydney, one woman arrived
back with one child. The Sydney woman has been charged
with terror related defenses. She went to Syria with her

(01:16:39):
isis husband in twenty fifteen. In Melbourne. It's alleged that
two Yazidi women were kept as slaves in Syria by
this family. The brother and son of the family died
fighting for Isis. Now the women all came home and
two of the three, the mother their fifties and one

(01:17:00):
of her daughters, had been charged with the crimes against
humanity i e. Slavery and also I think in terms
of terrorism charges one of the two. Also the fourth
woman was not a charge at all. At this point, man,
it was chaos. It was like a movie at the airport,
all these big guys in black suits and media bumping

(01:17:22):
into each other and falling over and shouting. Ah. It
was chaos. But look, the women have told the ABC
over here, we wanted to come home for our children.
Now they can throw the book at us and we'll
stand up in court and if we're convicted, will take
that punishment. But we did want our Australian children to
come back to Australia.

Speaker 2 (01:17:41):
How much angst is there and how much because I
was watching a news conference with Elbow this week and
somebody suggested there's two million dollars a year to follow
these people around if they don't end up in jail.
Who's paying that for the rest of their lives.

Speaker 14 (01:17:51):
But let's see, that's just been there's so much bs
around all of this. It's not as say, this is
the first time it's happened. Families came home from Isis
under Scott Morrison. Families have come home from Isis under
Alban Easy and not a peep's been heard out of
these people. They've just vanished into the community. The kids
are going to school, growing up, being like normal kids.

(01:18:13):
If it's remotely possible they can be normal normally. So
it's being weaponized, it's being politicized in a way that
perhaps it wasn't previously. I mean, they came home with
no fuss under Morrison and they've come home with no
fuss under Alban Easy. Just the change political circumstances over
here with Pauline Hanson on the rise and howling about
immigrants and how dreadful it all is. That's where these

(01:18:36):
kids are caught up. And it's going to be expensive,
there's no doubt about that. Keeping these children on the
straight and narrow. There's all sorts of rehab programs for
the kids because they will have seen things. Mike, you
and I both know that they'll have seen stuff that
no charge have ever seen.

Speaker 2 (01:18:51):
You count pick your pearances. The problem is all of
this something, the general immigration thing and what do you
Rickons go going to happen in Farah tomorrow because I'm
fascinated by Parah because this is the big test Lower
House one nation? Are you real or are you not?
And that's what we're looking to see happening, isn't it?

Speaker 14 (01:19:09):
Oh Man. It's like the game of Thrones. There are
so many moving parts you don't know who's up over
the rent. You've got David Farley who is the One
Nation candidate. He does have his nose in front, and
the Poles are tipping a one nation victory, particularly on
the back of preferences that put the preference deal with
the Coalition. But Farley's got a check at history. He

(01:19:31):
has come out for example, and he's also opposing some
of Pauline Hanson's policies. The check at history will he
was once trailing his coat to be a Labor Party MP. Well,
they didn't know that apparently when they picked him. He's very,
very experienced, a agg businessman with a national profile, but
he recognizes down in a seat like Pharaoh. They produced

(01:19:54):
most of Australia's fruit. Who's going to pick it without
migrants coming here? No one. It's like in America trying
to get rid of all the people who cleaned the
pools and clean the homes of all the wealthy people.

Speaker 2 (01:20:04):
Tell you what's interesting about this is if because preferencing
is going to do the men, I think, isn't it
that they may well win on primary but preferencing will
do the men, won't it?

Speaker 15 (01:20:14):
Well?

Speaker 14 (01:20:14):
You see, here's the thing. The Coalition under Angus Taylor
is preferencing one nation ahead of the Independent, for example
Michelle Milthorpe, who did a very good job last time out.
So on the back of those I mean, and here
that's the contradiction Angus Taylor and the opposition. They don't
know which way to turn because they're being outflanked on

(01:20:36):
the right by Pauline Hanson. She's further right than the
Coalition wants to be. Up in Queens. Then you've got
Matt Canavan. I'm sure you've been watching Canavan. He's a
very strong young man, young performer, but he absolutely looks
down the camera and just tells it straight. People are
and the polls are turning against Hansen. I think we've
seen Pete Pauline. They may win tomorrow, they may win tomorrow,

(01:21:00):
but you're not going to see her feature. I mean,
there are people out there in Australia except paul Aine
for Prime minister. Please, what are you talking about him?

Speaker 2 (01:21:08):
But here's the really interesting thing. What happens if Farley
doesn't win and they don't win because Farley was the
weak link. They didn't put a really gun ho candidate
was one nation all the way as opposed to this
flake that he is, and that was their big moment
and they blew it.

Speaker 9 (01:21:25):
Well.

Speaker 14 (01:21:25):
I mean that remains to be seen. I mean, look,
he's a very impressive candidate. He's just got all this package,
all this stuff that's trailing along behind him. He is
a good performer, looks good on Telly. You know, he
talks the talk. He has spent his life in boardrooms
and in businesses shaping Australia's agricultural policies. I mean, he's

(01:21:46):
that important in terms of a business in Australia. But
he is, as you say, he is potentially a fatally
flawed candidate.

Speaker 15 (01:21:56):
Tell me this.

Speaker 2 (01:21:58):
Policy yesterday. I'm going to move. But the gas thing yesterday,
where you've got to keep a chunk of it aside
for local consumption, I'm assuming politically it plays well, But
how do you If I'm selling gas, I'm selling it
to the highest bidder, and if it happens to be
in Japan, that's life. So how do you square that circle?

Speaker 14 (01:22:16):
Right? They're going to There are three producers here in Australia.
There's Origin one, there's Origin, there's one run by Shell
and the third ones operated by Santos. The first two
extract and produce their own gas instead of off sure
Santos buys gas from the other two to fulfill its

(01:22:37):
export contracts. This is where the government's coming in because
what Santos has been doing is buying gas that otherwise
would be sold in the domestic market. Australia's running out
of domestically produced gas in current fields that are being
explored x that are being exploited, thank you, not explored weighted,

(01:23:00):
so that they need new gas reserves to come on stream.
These three big companies have been exporting gas overseas. Only
in Western Australia have they been forced to reserve fifteen percent.
Look at the West Australian economy. It's gone through the roof.
Now they're squealing here, Oh you can't make us do that, Well, yes,
we bloody well can. It's Australian gas, owned by Australian people,

(01:23:21):
and we are running out of gas on the East
coast of Australia. What this policy will do is force
for example, Santos, it won't be able to buy gas
from the other two competitors here in Australia. That gas
will have to be kept here so they can go
and sort themselves out. What that will do was force
down prices on the East Coast of Australia, where most
of the market is. They don't like that, obviously, but

(01:23:44):
consumers will love that. Businesses that rely on gas, homes
that rely on gas. It's not right. And I tell
you who's been absolutely prosecuting as brilliantly is that Independent
Senator David and but Pocock was a will to be
number eight. So he is in the Senate doing the
same thing that he did to the All Blacks on
many occasions, running over the top.

Speaker 2 (01:24:03):
Steady, steady, nice to talk to you. You have a
good weekend, man, Murray, Old side of Australia this morning.
It's fourteen two.

Speaker 1 (01:24:12):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (01:24:17):
At be Mike Wires and Pocock running for prime minister
is very good from memories and Independent which means he
doesn't stop him from running from prime minister. But Independent's
never going to be a prime minister. You in the
happiest place in Australia's Ballarette, which surprised me because I've
been to Balerret. I mean, he's nothing wrong with Ballerrette,
but I wouldn't when I went there, I didn't think,
my god, this place seems happy. But anyway, came in

(01:24:37):
as the happiest place in all of Australia. Pat Comings,
by the way, was off at four million yesterday per
year to be a cricketer. That's a lot of money.
How much is an orbit the black capourn? What's the
top black capurn in this country? That they wouldn't crack
a million?

Speaker 10 (01:24:49):
Would they? Would?

Speaker 2 (01:24:49):
They crack a million? Very top one versus four By
the way, speaking of money, the numbers I found interesting
yesterday for the donations to political parties because as far
as I can work out, this election and by and
large are sorted. I reckon there's very, very very few
people who are what you would call genuine swing voters
in other words, you know, people who could go one
way or another, or people who are genuinely I mean

(01:25:11):
genuinely undecided, not sort of whom I'm you know, you
haven't focused on it yet. But the National Party at
six point two million dollars, that's a lot of money
versus the second placed party, which is ACT at two
point four. I mean, that's a gargantuine gap and Labor
a two point four at the same thing. Does it
say something about Labor at two point four that that
can out earn, you know, given the size difference. You know,

(01:25:31):
if you believe the poll's Labour's leading, that's the most
popular party in the country. And yet I can't raise
a can't raise much money. Green Party at one point
out and New Zealand first at one point three, the
Opportunity at one seventy nine thousand. What do you spend
the money on? Is my point. If everyone's made up
their mind, which I believe they have, or most people
have made up their mind, and the old argument that
you know, elections won or lost in the middle with
the so called people. Could have gone left, could have

(01:25:53):
gone right. It's a lot of money to spend on
a handful of people, wasn't it. Isn't it a foregone
conclusion one way or the other. Aren't we all set
in our view? Don't we all know what we're doing
at this particular point in time. We either like what's
going on or we don't. And that's how we're going
to vote nine Away from.

Speaker 1 (01:26:07):
Nine the Mic Hosking Breakcess with a Vida Retirement, Communities
News togs Head been.

Speaker 2 (01:26:13):
Now, there's a reason Defender remains the benchmark, not because
it simply looks capable, and well, it looks more than capable.
It looks fantastic anyway. It delivers, basically, that's its party trick.
It delivers on the gravel and the mud, on the
wet those mountain roads and the kind of changing conditions
that New Zealand's known for. Well into wartam, heading towards winter.
You know what happens. Then it's the season when the
roads get a bit slicker, the tracks get a bit rougher,

(01:26:34):
where they can change in an instant, which is exactly
where the Defender comes into its own it's got this
terrain response technology. It's brilliant, so it adapts intelligently to
whatever's under the wheel. So basically that allows you to
stay focused on the journey and not the challenge. And
what makes Defend the different though, is all of that capability.
It feels effortless. It stays calm, stays composed, nice and
confident even when the conditions aren't. And that's why it

(01:26:57):
feels basically so right in New Zealand because autumn revealed
a more rugged side to the landscape, kind of season
that rewards those willing to take the long way. So
built for real adventure, completely at home in the elements.
It doesn't just handle the conditions, it bur longs in them.
Defender embraced the impossible. You visit your local land Drover
del today cosking of time. I raised it with Ryan.

(01:27:18):
I might have to leave it till next week. I
looked it up. So Japanese toilets. Ryan and I got
talking about Japanese toilets, and I said, I asked Ryan,
I said, why don't we all have a Japanese toilet?
And I looked at it because I assumed the price
was ridiculous, and I looked up the price. The price
have been average ceramic toilet. Guess how much is five
hundred dollars at Bunnings When you go to Bunning's five
hundred dollars for a toilet? Why are you squinting? Sam?

Speaker 13 (01:27:37):
Is that a lot?

Speaker 2 (01:27:37):
It's not a lot.

Speaker 9 (01:27:38):
Is it a lot? It's not a lot.

Speaker 2 (01:27:39):
You're pushing the wrong buttons said a lot. It is
not a lot. No, it's not exactly. I thought it
five hundred dollars reasonable for a ceramic toilet anyway. Japanese
one's about fifteen hundred dollars, and that comes with the
raising seat, the warm seat, the wash, the scrub, the clean.
It's just why don't we all have Japanese toilets instead
of having cold, yuck toilets. You know, if you're building

(01:28:00):
a new house, so you say you've got three bedrooms
three extra toilets, is how much it's like another three
thousand dollars on the cost of building a house. Why
wouldn't you have a Japanese toilet? It makes no sense
to me. Five minutes away from nine.

Speaker 1 (01:28:14):
Trending, now we have a chimer squarehouse. You're one stuff
for Mother's Day fragrances.

Speaker 2 (01:28:20):
This is been described as this country album promotion. Ever,
it's a guy called co Wits or listen to this.

Speaker 20 (01:28:30):
Before the lights, before the noise, before anyone knew his name,
there was a kid to tell you who you're supposed
to be, what to chase, and what's a quip. Some

(01:28:50):
people don't learn in the daylight. They learning the door.
Growing up isn't about getting order. It's about surviving who
you were, coming where you are.

Speaker 10 (01:29:05):
Saver Scar stay late night.

Speaker 15 (01:29:10):
In a bounce.

Speaker 20 (01:29:13):
Because when the sun goes down, that's when the real
ones rise.

Speaker 21 (01:29:19):
Welcome to the Night Champion.

Speaker 2 (01:29:21):
If you can't argue with that, Kenny, you can't argue
with it. Night Champion. That's the name of the album.
Seventh album. He's got a bar. Of course, they've all
got a bar. Co Wetzel's right room. That's what it's cool. Anyway,
You have a fantastic Mother's Day and a lovely weekend
and we'll look forward to your company on Monday. Film
six every days

Speaker 1 (01:29:47):
For more from the Mic Asking Breakfast, listen live to
news talks it'd be from six am weekdays, or follow
the podcast on iHeartRadio.

All Episodes

Episode Transcript

Popular Podcasts

Hey Jonas!

Stuff You Should Know

Las Culturistas with Matt Rogers and Bowen Yang

.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Full Show Podcast: 08 May 2026

Episode Transcript

Popular Podcasts

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}Hey Jonas!

Stuff You Should Know

Las Culturistas with Matt Rogers and Bowen Yang

All Episodes

Full Show Podcast: 08 May 2026

Hey Jonas!