Full Show Podcast: 09 July 2026

Episode Transcript
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Speaker 1 (00:00):
No fluff, just facts and fierce debate.

Speaker 2 (00:03):
The Mike Hosking Breakfast with al Vida, Retirement Communities, Life
Your Way, News, togs Head, Billy.

Speaker 3 (00:09):
And Welcome today. Nikola Willison, Anna Braman on the state
of the place. Boom times for our gaming sector as
exports continue to grow, looks Jacobson from the All Blacks
ahead of Italy, Kathlin's and France Eaders in Britain pasking
welcome to the day, seven past six. Now you can't
bag the Monetary Policy Committee. I mean, will you cambon?
In this case you'd be fairly cherlish. Personally I would

(00:30):
have held, but given the boat was done by consensus,
I clearly would have been a lone voice in that room.
Three hikes are coming, possibly they say they think we
may get them every other meeting. We'll end up with
a cash rate of about three point two five. If
you want glass half full, look at Australia. Their cash
rates well into the fours and inflation's far from over.
And that's before I get to the upcoming job issues.
Not to mention the property correction, but back to us.

(00:50):
Inflation is why they're hiking, and we'll continue to hike butt,
big butt. Surely there's an argument that says it's not
as bad as we feared, and not just that it's
peaked and it's trending down down to exactly where it
needs to be. And besides, a lot of the inflation
remains council rates and cost plus accounting from power prices.
The Taxpayers Union blamed the government yesterday, which is a

(01:11):
very Australian sort of argument, but it's not applicable here.
The government has an operating budget of two point one billion.
I mean, it's anemic. We are three billion better off,
as the latest figure showed us this week than we thought.
The government is not blowing out inflation. But the main
reason I would have held is the psychology of pulling
the trigger too soon. We are fragile. New Zealanders love
a funk and we've been in a funk, and we

(01:33):
don't need misery. Merchants the bank are clinical, you see,
which in part is their job, I guess. But a
good part of any economy is the psychology of it,
the vibe of it, the mood of it. We need
help on the mood. We need a lesson on how
to get on with it. We need to be encouraged.
A rate hike doesn't do that. Look, it's not a disaster,
it's not even a bad mistake. It's probably just an
unwelcome attitude driven by number wonks, not empaths, who could

(01:55):
have been a bit more generous. New Zealand is on
the move again. The Bank says twenty five points doesn't
hinder that. I'm not convinced they're right.

Speaker 1 (02:05):
News of the world in ninety second now he's.

Speaker 3 (02:08):
Seeing the full Trumphyber night Boy, Iran a scum. He's
canceled tribe with Spain because they're terrible. NATO sacks Greenland
needs nixing, and the ceasefires.

Speaker 4 (02:15):
We may take over Cargolan. There's not a thing they
can do about it. But I said, don't hit the pipes,
just hit everything else. And they hit it. They may
hit it again today. Normally I'm not that way, but
they really deserve it.

Speaker 3 (02:30):
Stamer wasn't thru.

Speaker 5 (02:31):
What's really important now is, notwithstanding the challenges that we
all focus on, getting back to that seas far, pulling
together the coalition that the French and the UK are
leading on in relation to reassurance is very important.

Speaker 3 (02:44):
ABAHUK is about him, because NATO's all in.

Speaker 6 (02:47):
If you could have seen the respect and the love
in the room, and it's love really for the country,
for a country. I don't want to say me because
you're saying, oh, he's so conceited, he's such a conceited person.

Speaker 1 (02:56):
But they do.

Speaker 6 (02:57):
I mean, you know, they they like the job I'm doing.
They said we'll love or sou we'll love you.

Speaker 3 (03:02):
It's the full mental. It didn't end there, but I'll
come back to that. Meantime, in Britain, several things. Firstly
for Raj is chasing August six for that by election
is all over.

Speaker 7 (03:11):
The campaign now would appear from the media pylon and
of the legal party pilon A being painted out frankly
as being a croak. You and the Conservative's got over
thirty thousand votes here in twenty nineteen. They don't want
to stand. They know, we know why because they'd lose
and lose badly.

Speaker 3 (03:26):
Then the Southport Inquiry, this was the tailor sworfth party
killings two years back. They've accepted all recommendations of Part one,
which basically said systemic failure was everywhere.

Speaker 8 (03:34):
So on the Part two, our core objective is to
assist in bringing about real change given the devastation that
can be wrought by those fixated on violence.

Speaker 3 (03:47):
And Coppers are after a nutter who appears to have
killed his wife and kids then fled to Africa.

Speaker 9 (03:51):
Mark, I am now speaking to you directly. We are
throwing the full weight of the law behind this investigation.
Criminal investigations, no borders.

Speaker 3 (04:04):
Right, the war thing with Trump stand down.

Speaker 6 (04:07):
No, I think it's going to start again. I think
it's going to go very quickly exhausted.

Speaker 3 (04:11):
That's news of the world in ninety By the way,
at NATO they are throwing thirty seven billion. That's pounds,
So what are you saying. You're saying seventy five billion.
This is the Deep Precision Strike Project. Twelve countries set
to spend that amount of money over the next ten years.
New long range missile so something tangible. They've come out
of NATO after all. Eleven past six.

Speaker 2 (04:32):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks Evy.

Speaker 3 (04:40):
Right, fun Fact your AI dosage for this morning. Apple
is expanding its broadcom partnership thirty billion, just thirty billion
dollars of chip making agreements. They are fifteen billion of
those chips are going to be made in the US.
Are meantime, Mendami's not ruining New York after all? Second
quarter this is commercial leasing office space. Eleven point two
million square feet of office leasing in the second quarter.
Is that a lot. Yes, that's thirty percent above the

(05:01):
five year quarterly average, thirty one percent above the ten
year average. Obviously it's not in that building that's falling over.
But apart from that, office leasing's going nicely. Fourteen pass,
I'm sure. And Partners. Andrew Kellah, good morning, very good morning, Mike. Well,
we were wrong. It was twenty five.

Speaker 10 (05:18):
Yes, the whole camp were disappointed, weren't they. Yeah, But look,
there was debate and Bremen told us that there was
debate Dr Bremen in the Monetary Policy Committee where the
Governor admitting there were different views, but they did reach
the consensus decision. In the end, the House lifted by
twenty five basis points. Now, Mike, we did say, though,
and I think there was general agreement that both outcomes

(05:39):
had a logical base and given that the sort of
market was on balance tilted towards expecting a hike. The
market reaction yesterday was relatively contained. Now, just for the
record on that market reaction. So you saw your one
and two year swaps, These are the wholesale rates that
your mortgage rates are based off. Five sort of one
and two year up five, but five basis points more

(06:00):
or less four and five years up seven basis points. Key,
we drifted up to fifty seven. Look, it was generally
a muted reaction, no real panic, nothing extreme as had
been sort of portended. It was probably all already built
into wholesale market trading. Look, I'll interpret some words for
you here. They did say some further reduction and monetary

(06:23):
stimulus is likely to be required, but that basically means
more hikes. The pace and magnitude of those will depend
on incoming data, pricing, behavior, and demand. They noted that
global inflation is increasing, but very interestingly, I think you
sort of referred to this as well. They've actually pulled
back the expected peak in domestic inflation. So they thought

(06:43):
it was going to be four point three, now it's
three point nine. What's interesting, Mike, is that inflation will
have mechanical downward pressure as we move through twenty twenty seven.
Because you've got some pretty chunky quarterly numbers expected for
the June and Septeven accords this year. So as we
roll through twenty seven, they come out, and assuming inflation

(07:06):
stays under control, it will naturally fall back towards that
two percent level. But the normalization of monetary policy is
what we're seeing now. That's the process of moving the
OCR from a stimulatory level to a more neutral one.
That's to guard against inflation drifting higher as the economy improves,

(07:27):
and that's the key point in late twenty six and
late twenty seven, And it's that pick up and growth
and the reduction of superlus capacity that's the focus for
the RBN. Said So in a sense, Mic, it's good news, yes,
because the bank believes we're moving back in the right direction.
So they wouldn't be they wouldn't be looking at this
that they didn't think we were going to get some growth.
So where's neutral? Well, that's the big debate now, isn't it.

(07:47):
It's not two point two five percent? We know that
it's probably not two and a half percent either, But
the bank has been sort of I suppose the market
has been expecting that they're going to move it back
towards some sort of neutral rate. Note that recently monetary
policy conditions have eased because the market was looking at
that better news on inflation, seeing the pressure coming off
interestrates a little bit, that's probably been stalled. Hey, you've

(08:11):
probably got to expect another hike in September. Now another
move in September.

Speaker 3 (08:15):
Well, one or two, that's the question. Anyway, she's with
us after seven to thirty this morning. Now it took
also her career. What's going on there?

Speaker 10 (08:21):
So you had busy markets this week, Mike, but almost
without sort of people noticing. We're seeing a historically significant
capital raising in the US and miss sort of reasonably
material volatility. So Korean stock has changed been going gangbusters now.
It's been the poster child for the ramp up and
spectacularize and the value of the sort of semi semiconductor
chip stocks. Now at the peak, the Costpi index, which

(08:44):
is the Korean index, had climbed eighty percent in a
very short period of time. It has now fallen back
twenty one percent, but it's not given up anywhere near
all of those games. But there's two big chip firms
in Korea. You've got Samsung. I think yesterday you mentioned
the Samsung results, and you've got this called sk Heex,
which probably a year ago nobody had ever heard of.
But right now sk Heex is raising twenty eight billion

(09:06):
dollars of share capital of money. That is a massive raise.
And we've sort of become immune to these numbers because
we throw billions and dollars around like the confetti now.
But and I know SpaceX was a lot bigger than that.
But historically this capital raise is probably one of the
top four of all time, and it's certainly the biggest
foreign company capital raising that we've ever seen in the US.

(09:28):
It has been massively oversubscribed at prices tomorrow. But it's
all against the challenging of what, as we've seen in
the last twenty four hours, is what I would call
a challenging backdrop of volatile markets.

Speaker 3 (09:39):
Ain't that an understandment? What are the numbers?

Speaker 10 (09:41):
So what have we got? Well, the markets are falling
back because obviously the oil price has gone up because
we now no longer have them an MoU. The Dow
Jones is down about six hundred points, call it that
more or less one point one three fifty two thousand,
three one hundred and twenty seven. The S and p
five hundreds down twenty three points point three percent seven

(10:02):
four eight O. The Nasdak actually faring okay, it's only
down twenty one points, which is point zero seven percent.
And the number there, what are we looking at. We're
looking at twenty five thousand, eight hundred and five the
fortsy one hundred European markets. Asian markets were pretty weak
in the last twenty four hours. The FORTSI one hundred
down one point sixty six percent one hundred and seventy

(10:23):
seven points, ten thousand, four hundred and eighty nine, the
nickk FEL one thousand, four hundred and thirty seven points.
That's over two percent sixty six eight one nine. The
Shanghai composite just under half a percent four three nine
seven O. The Aussies yesday lost point two one of
a percent eight seven eight five for Mark there and
the NZ next fifty A ninety seven point four point
seven one percent, thirteen thousand, six hundred and sixty five

(10:46):
Kiwi point five seven oh one against the US point
eight two two six Ozzi point four to nine nine
to one against the Euro point four two five five pounds.
Japanese yen ninety two ninety two points sixty four against
the Kiwi orlellestrating at four thousand and sixty six dollars.
Brent crude was over eighty bucks. Yes, significant lift, Yeah, yeah,

(11:06):
seventy eight dollars forty five cents as we look at it,
and I suspect we're going to see a bit more
volatility while we're having a holiday tomorrow as the rest
of the world sort of digests what's happening in the
Middle East.

Speaker 3 (11:18):
You have a good one make catchup, so I'm sure
in partners Andrew Calhay, Yeah, it's improbab of me. I
think I was just wonder if we're slightly misrepresenting what's
happened overnight in terms of Trump, because as you said,
it's all off, and of course the oil price went
up earlier on as well, over eighty but it's back
down at seventy eight the moments, Andrew says, But the
point being, at the end of the News of the world,
you heard he said, you know, it's not off. In
other words, where we run the risk of just reacting

(11:40):
to everything Trump says, which I think is a mistake.
Six to twenty one Football, Netflix, Disney and YouTube are
looking and setting aside already this is the Football World
Cup twenty thirty and twenty thirty four, the World Cup
they're sitting aside one and a half and two billion
dollars somewhere between one and a half and two billion
dollars for the rights for this one sold for roughly

(12:01):
one billion. So it tells you what a success story
and how valuable sport is in the wider world at
the moment, and never better exemplified than with Football six
twenty one and a half at newstalks 'B.

Speaker 2 (12:13):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks ITB.

Speaker 3 (12:19):
I'm here with more fun facts. Kelshi thinks the Nasdaq
one hundred is going to be above thirty thousand by
the end of the year. Not confident it'll crack thirty
two thousand today is not helping, of course, it's up
eighteen percent on the year fifty to fifty that it's
above thirty one percent chance above below thirty thousand. By
the way, also from the Mannheim Used Vehicle Value Index

(12:41):
per EVS down here that is very often on this
program to you anyway, even in America now the value
of evs strong demand tracks prices of used vehicles increase
twelve percent last month alone, compared with one point seven
percent for non evs six twenty five.

Speaker 1 (13:00):
Now warehouse your home of winter essentials.

Speaker 3 (13:04):
That might make the show just about fun facts this morning. Anyway,
back to Turkey, you cease fire as over until it wasn't.
Trade with spin is over because they're not into the
three and a half percent depens commitment. That's but the
really big stuff, the important stuff was, of course TikTok
and the Dems.

Speaker 6 (13:17):
The numbers just came out and I'm number one on
TikTok and all I do is talk about communistm right,
so it's sort of good. I use it to get
elected too, but you know, you have to get your
word out. But it just the numbers came out just
a little while ago when I was number one, some
ridiculous number. I never heard of numbers like that, but
number one, and all these entertainers are number twenty seven,

(13:40):
twenty nine. It's crazy. I don't even understand myself, but
it means that my words getting out about how great
our country is, how successful our country is, and how
bad communism is, and how bad these lunatics are that
are running for election. That don't sound good, don't think good,
and don't look good. I don't see any looker. I

(14:02):
don't see anybody with the look.

Speaker 1 (14:03):
You know, you need the look.

Speaker 6 (14:04):
I guess you need something, but they don't have it.

Speaker 3 (14:08):
You know, I honestly think I'm onto something. And I
raised it the other day when he was off wherever
he was. He shouldn't travel because he gets too tired,
he gets jet lag. That's literally the ravings of a
nut job.

Speaker 11 (14:18):
Well, what do you mean, I mean, he sounds pretty
coherent when he said this.

Speaker 4 (14:21):
We had one hundred and eleven missile shot by the
Islamic Republic of Japan. They were shout at the aircraft garret.

Speaker 3 (14:31):
It's but don't text me all your tin hatters. Don't
text me that. If that was Biden, you would have
written them off.

Speaker 11 (14:39):
Can we bring back Biden?

Speaker 12 (14:40):
And you know it?

Speaker 3 (14:41):
And by the way, he's not number one on TikTok.
He's got sixteen point six million followers. The number one
person on TikTok's at one hundred and sixty two. He
is the most followed world leader with four billion views,
but the four billion views include hashtag Trump and most
of the hashtag Trump involved the pull the reflecting pool,
and that's not been the finest moment either. I mean, honestly,
let's wake up to the fact the guy's a nutjob.

(15:02):
You know, it's not all bad, He's not all bad,
but he's a nutjob. The news for you after.

Speaker 2 (15:11):
Asking the questions others won't the mic asking breakfast with
Defender Trophy, empic Adventure, Greater Purpose, youth talks, there'd be
getting a bit.

Speaker 4 (15:20):
Of this, Mike.

Speaker 3 (15:20):
Surely this decision demonstrates by a bunch of Wellington dwellers
should not be making an important economic decision for the
whole country. With Auckland being the hub of the economy
and the importance of rural New Zealand, they need to
be represented and hurt Hamish. You're not alone on the
more later on the governors with us, along with the
Finance Minister by the way, Luke Jacobson all black by
the way, and also the pen is back ankle bracelet
in all so catain Field shortly twenty three minutes away

(15:43):
from seven. Now for all your dairy and farming exports success,
let us not forget the tech sector and they're booming
so tech within tech is gaming the gaming industry new
status yesterday, revenues up seventeen percent to a record eight
hundred and twenty nine million. Ninety eight percent of that,
of course is off shore. So they're now on track
the head of billion, two years ahead of schedule. Chantel
Cole is with New Zealand on air Chintel, good morning,

(16:06):
good morning, right, And people who don't follow this should
know your job, which is the director of Game Development
Sector rebate. So are the rebates cliped? From my reading,
the rebates clearly work.

Speaker 13 (16:16):
Yes, I think even if we just look at the
track credit card of New Zealand game development, it took
around sort of twenty years for our game developers to
reach a revenue about four hundred million. Then Australia introduced
a really competitive tax rebate and we started to see
a big brain drain over the ditch to Australia and
a lot of our really estab the studios starting to
look to move offshore. So the New Zealand Game Development

(16:40):
Sector Rebate was introduced and up and running in twenty
twenty three and within three years with more than double
that revenue. And for context, the revenue figures that came
out yesterday are just from forty three studios that go
through our program, but the industry is actually two hundred
studios strong. So when the figures come out in September
from the New Zealand Game Developers Association, I think we'll

(17:00):
see that their growth hit maybe thirty even forty percent.

Speaker 3 (17:04):
Is the rebate stable because this is movies and Lord
of the Rings all over again. Is there a race
to the bottom that we go at x and then
Australia goes at win and then we go at y plus.

Speaker 13 (17:14):
No, because I mean ours is actually at quite lower
rate than there is, about thirty percent plus an additional
ten percent from a lot of federal states outset's at
twenty percent. And what it does that's different from theirs
is it actually rewards development activity. So what most people
don't realize is that it actually takes about two to
four years to make a game before you'll receive the

(17:35):
profits of that activity. So there's quite a lot of
time spent paying for staff, rent all of the tech
needed for these sorts of endeavors, and so there's essentially
the rebates there to help give a little bit more
stability so that they can hire more specialized roles and
release a more polished product out the door. And we

(17:55):
can see that with this rapid revenue growth, by having
a bit more stability during the development, they're actually able
to do better at the other end.

Speaker 3 (18:03):
For New Zealand, do they get to double dip, triple
dip whatever I mean? Is there a cutoff point where
you go, you're too successful. Now you've made too many games,
making too much money, go away.

Speaker 13 (18:12):
No, they don't get to double dip. So if they
have got a grant from somewhere else in the New
Zealand government sector, we deduct that from their rebate amount
and essentially what we are really doing is encouraging that
R and D, that investment in new products and encouraging
them to invest in their teams. And it's actually what
we're seeing this year. We did a new bit of

(18:33):
data analysis and we looked at the average growth rate
of staff per studio and it's actually fourteen percent. So
are reinvesting a lot of their rebate into hiring staff.

Speaker 3 (18:43):
It's encouraging. So you're bullish on this is this I
don't know this is in your wheelhouse? Are they beyond
the is the gaming industry beyond the economic cycle. In
other words, you know, they just carry on and do
their thing and there's a growth path there and it
doesn't matter what's happening in the rest of the country.

Speaker 14 (19:00):
Good question.

Speaker 13 (19:01):
I think they are their own little ecosystem. But that
being said, all industries can be impacted by the economy
and buy what's happening around the world, and we do
see that sometime in games. But what makes them special,
I think is the fact that eighty five percent of
them are developing original IP and so they're not competing
with each other, and that means that they actually really
support each other. They all share network connections with Saint, Apple, Google,

(19:26):
different countries around the world who have developers we can
learn from, and they share their learnings. They're really generous
with each other, and I think that's why over time
they've built this resilience that we're not always seeing in
games industries in other countries.

Speaker 3 (19:40):
Nice and s right, well done, shouldn'tell you have a
good week in shindt tell Cult director of game development
Sectorybate for New Zealand on air Mike Trade negotiator Vangeli's
Battlers spoke to our catchment farmers last night fascinating, highly
recommended an interview. I might do that actually because I've
followed him a little bit and we're traders. Especially this
weekend with Moti arriving tomorrow night, it's going to be

(20:01):
a talking point I think next week nineteen two The.

Speaker 2 (20:04):
Mike Hosking Breakfast Full Show podcast on iHeartRadio powered by
News TALKSIP.

Speaker 3 (20:11):
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(20:33):
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(20:56):
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dot nz. Pasking so why is Australia on its knees
and heading that way economically? Overnight? The Australian doc workers

(21:17):
are demanding a twenty eight hour week with no loss
of pay and this is all AI related. So the
AI push has been led by Dpworld. The Maritime Union
of Australia says of DP World wants AI and automation,
then they must pay the social dividend. The new technology
doesn't have to cost our members their jobs and put
their livelihoods at risk just so a terminal operator can

(21:38):
boost their profits. So we would like, with no loss
of pay, please a twenty eight hour week. Good on them.

Speaker 15 (21:45):
Fourteen to two International correspondence with nz Andiye Insurance Peace
of mind for new Zealand Business.

Speaker 3 (21:52):
Catherine for all the good morning to you. Good morning mate,
So just take us through yesterday. It was about this
time actually, so she said she didn't run with a
with a with an ankle brace and then she said,
I am so so was that a shock or not?

Speaker 16 (22:07):
Everyone was wondering how she was going to work at
We knew mahaem le Pen was desperate to have this
final fourth shot at the presidency.

Speaker 17 (22:17):
She knows that she's got the window.

Speaker 16 (22:19):
If she's going to get across the line next year's presidentially,
it's going to be the one.

Speaker 17 (22:24):
So when the judge came.

Speaker 16 (22:26):
Out on Tuesdays said that there would be a reduced
burn on holding public office and that that would be
done away with by the time it came to the elections.
But it's still this, you know, one year, two year
suspended sentence, one year under house of it. She said,
if that was the case, quite rightly, she said, I
couldn't campaign under that system.

Speaker 18 (22:47):
What she did after that was handed down, she.

Speaker 16 (22:50):
Said, oh, well, she's going to have to go and
appeal to the highest court in the land because, as
she said just a couple of hours ago on the
campaign trail, she said she is innocent. She does deserves
of writers every citizen does, to go right through the
whole process of proving her innocence. Now, whether or not
the highest court in the land overturns as a verdict

(23:10):
of two earlier courts remains to be seen. But here's
the thing Mite. What she's playing at is she's trying
to drag it out because if she wins the presidential
elections next year April May next year, she will be
immune from prosecution for the whole of the five year
term as president. That's what she's aiming for. She's hoping

(23:30):
that the French dress system will work so slowly they
won't get round to seeing her case. She won't have
to wear an electronic press, and that she will be
in the lite pilots for five years and after that
she'll deal with it.

Speaker 3 (23:42):
Yeah, just confirm for what's in my mind. I saw
a poll this week. Bdella was the name on it,
not her, but he was at thirty something percent. All
the others who were players are in the low teens.
It's first and second to go through to the round
that counts. She'll be one of them, but the others
coalesce and therefore scuttle the chances. So the chances of
becoming presidents of SLIM is that fair or not?

Speaker 10 (24:03):
Not anymore?

Speaker 16 (24:05):
It depends on who gets into the second round. You're
the worst possible scenario, it is being said for France,
would be that you have Marine Lapenn or Jordan Badella
far right on one ticket, and on the other side
you have the far left Melanchant, who is really far left.

Speaker 18 (24:22):
So they're saying that what.

Speaker 16 (24:23):
Would happen Then no one would collapse around Melanchant, no
one would coales around La Penn and the country would
essentially be going into very uncharted waters.

Speaker 12 (24:34):
Wow.

Speaker 3 (24:34):
Interesting, So, Nata, I mean, you will see what's happened
over and honestly, it's like, so we got some money,
so we're at three and a half or most of them,
unless maybe Spain, and we're not trading with them anymore
because we hate them and we hate the Iranians. And
so what tangibly came out of the waters?

Speaker 17 (24:52):
What tangibly came out of it?

Speaker 3 (24:54):
You're quite right what a day it was?

Speaker 16 (24:55):
You It started out and Trump insults, as you say,
it was ra hanging against everyone for not helping him
in Iran, and then suddenly we ended up with love.
Love seemed to have broken out at a NATO's summit.
What essentially came out of it was European allies in
Canada working far more together, making Europe more responsible.

Speaker 17 (25:16):
For its own security.

Speaker 16 (25:18):
That was essentially what was in the final communicy. We're
also the recommitment to mutual defense that Article five that
was in there again, and the other point of the
tens of billions of US dollars and new arms contracts
that was all agreed. That all got the great tick
and everyone breathed the sigh of relief because after a

(25:40):
meeting which lasted three hours, everyone seemed to come away
saying that it.

Speaker 3 (25:43):
Was a great meeting.

Speaker 16 (25:44):
Everyone's very happy. And we wait until the next summit
that Donald Trump is invited to.

Speaker 3 (25:49):
I will look forward to your company on Tuesday, Catherine,
you have a good weekend, Catherine Field in France. Just
quickly out of that broad area electoral calculus is out
of Britain. They're seeing in the poll there's a megapole too.
By the way, they're seeing an early hint of a
Burnham bounce. So if an election were held today, two
seventeen seats for labor one fifty one for the Tories,

(26:09):
one twenty seven for reform. The news or the Headliners
Reforms now third warps. What happened there? They take into
a vote account, tactical voting, the whole thing. The Restored
Britain Party seems to be sapping support from Reform. They'd
only end up with up one MP, but they're doing
the damage right around the country. And on those numbers
two seventeen one to fifty one, one twenty seven, no

(26:30):
one can form a government. So fortunately they're not holding
a vote for a while yet, and Burnham certainly not
a fan of calling a snap election.

Speaker 2 (26:37):
Ten away from seven the Mike Hocking Breakfast with Bailey's
Real Estate news talks.

Speaker 3 (26:42):
They'd be very good week for sport. I've decided the
NRAL rights stories fantastic story, I mean, the most valuable
sports deal in the history of Australasian sports. Brilliant and messy,
and the World Cup and we love all that sort
of stuff. But then the the I mean Trump Eva
was football. I've decided so big. Even a dickhead like
Trump can't ruin it, even a Crookla Infantino can't ruin
I mean once the balls kicked, everyone's into it, aren't

(27:03):
they anyway? So the Olympic Committee comes out yesterday and
Russia's going to be back in la at twenty eight
and they say because of course Russia got suspended because
of the Ukraine War. And this is the weirdest thing.
They got suspended because of the Ukraine War. But that's
no quote unquote that ban's no longer applicable, according to
the Olympic Committee.

Speaker 19 (27:21):
Why is that?

Speaker 3 (27:23):
What did the war stop? And I didn't notice? So
you banned somebody because of the war, and yet the
very war you ban them for that's still going. Suddenly
it's no longer applicable. Explain that to me.

Speaker 2 (27:33):
Five to seven for the ins and the ouse, it's
the fizz with business fiber take your business productivity to
the next level.

Speaker 3 (27:42):
Is one for Winston. Our friends and informetrics have come
to the party this morning with a new report commission
by the way ATTACKERI Indian Association and the Ministry of
Ethnic Communities. It's called the Economic Contribution of Indians in
New Zealand. So in the year to March of twenty five,
Indians contributed thirty seven point three bid and economic activity.
Wrap that number round you musually, Winston up eight point

(28:05):
six percent. That's eight point six percent of our GDP.
It's supporting two hundred and twenty one thousand jobs full time.
Almost eight billion of that's made up through rental and
property sector, five and a half billion through retail and hospital,
four point seven billion in professional services that's accounting and
law and stuff. Last year, there were eighty one thousand
Indian tourists, which is nineteen percent above the pre pandemic peak,

(28:26):
thank you very much. They spent three hundred and thirty
six million, which is up twenty seven percent on pre
pandemic numbers. So the tourism industry as a whole is
not back to pre pandemic numbers, but the Indians are
going gangbusters. Half of those visits, of course, came about
because they're visiting friends and family, and that's what you
get when you do a bit of immigration anyway or
sign a free trade deal. Winston education as well. Indian

(28:49):
student's earning bachelor degrees is up one hundred and thirty
seven percent in the number ending masters is up two
hundred and twenty eight percent, so there's not a bad
number in there. As far as I can work, it's
the weirdest thing this guy is. So he was against China,
so he argued against China, which was fine at the
time because maybe China was like a free trade it

(29:10):
was all a bit new, all a bit different. But
the evidence is so overwhelmingly positive that surely now to
come back and argue against free trade with India just
makes you look like an old Hasby, unless you're a racist,
of course, and there's always a bit of that in
the election campaign, isn't there. So anyway, so we welcome
Modi to the country. Is it tomorrow night? Rives late

(29:32):
tomorrow night? I think from a political point of view,
if I was the prime minister, I'd be looking to
recover from my very bad week of powder blue suits
and Hiber's vests and you know, Weeble's wobble hats at
masted Point, and I'd be looking for some good news coverage.
But late tomorrow night, when we're all at the pub,
I mean, mody in town. Is that a thing? So

(29:52):
maybe there's some news on that over Saturday. Nikola Willis,
who indeed was caught in her Haveber's best her self
this week with her Weebl's Bob or hatton the classes anyway,
she's Weather shortly on the Reserve Bank and the Governor
of the Reserve Bank and of Bramen with us after
seven to thirty news as.

Speaker 2 (30:08):
Next the Mic Hosking Breakfast Full Show podcast on.

Speaker 1 (30:13):
iHeartRadio powered by News Talks at b.

Speaker 2 (30:17):
Here yourself think it's the Mic Hosking Breakfast with Bailey's
real Estate, your local experts with national and global reads
used talks head bly.

Speaker 3 (30:27):
Seven past seven to twenty five points, maybe one or
two before Christmas still to come. The great cash rate
debate rages, of course, as the RB argues one, inflation
still needs to be contained, but two growth is real
and they don't want those pesky price rises to cause
new trouble. It was consensus as well, which I thought
was interesting. The Governor shortly but the Finance Minister Nicola
Willis first, good morning, Good morning mine. So that consensus

(30:47):
vote versus the market, which was heavily divided, did that
surprise you?

Speaker 14 (30:52):
Well, what the committee made clear in their statement of
meeting was that they thought that lifting now would prevent
having to go harder and faster later, and so I
wasn't surprised because actually the markets had essentially already priced
in a hike. The question was around timing. But you
haven't seen a big leap in fixed rates overnight. I

(31:14):
think that reflects the fact that the market had already
kind affected this in.

Speaker 3 (31:17):
At what point would you be worried before the end
of the year if there was two more or one more.

Speaker 19 (31:22):
Or no more?

Speaker 14 (31:23):
Well, as is always the case, it depends on economic events.
And while I've been celebrating, as I'm sure many New
Zealanders have been, the big fall and the petrol price
at the pump and how exciting that is for reducing
prices across the economy. Of course, just in the past
twenty four hours we've seen the price of oil leap
up five percent as the skirmish in the Middle East continues.
So there's just a lot of unknown factors, and I

(31:46):
think it's very important the Reserve Bank respond to the
actual data and information they receive. We still don't have
the full information about what happened in that three months
when the crisis was peeking, how high actually did inflation go,
what did what did happen with growth? And until I've
got that information, it's pretty difficult to guess what the
right response through the OCRs.

Speaker 3 (32:06):
I'm sure you're pleased, but are you at all surprised
that part of their equation yesterday was about growth. They
do see growth. It is real. You're seeing some amendment
in Q two. A lot of people said, now it's
going to be a disaster. No one says that now.
Could we sure it'll be flat, might even be slightly backwards.
But growth is real, it's back. That's all good. But
does it surprise you?

Speaker 14 (32:27):
Well, that is the silver lining in yesterday's statement. I'm
never going to be out there cheerleading for interest rate rises,
but at the same time, having the Reserve Bank confirm
and sober terms that the government's assessment that the economic
recovery is underway is good to see. We had a
good three month starting the year. We got put off

(32:47):
the pace by events in the Middle East, but the
consensus among economists is actually we're going to bounce back
strongly and that's really positive because that's where income growth
will come from, that's where jobs will come from, that's
where opportunities for New Zealand businesses will come from. And
that's our government's plan. Get the conditions right, so the
economy can grow and people can get ahead and life
in New Zealand can be more affordable.

Speaker 3 (33:09):
My concern with what they said yesterday is is this
idea that the economy is so constrained that you can't
pass price increases on. I don't see that. I see
the opposite in the real world. I worry at times
whether they're in the real world. I mean, prices are rising,
you can't deny that, and that's inflationary, which is part

(33:29):
of the problem, isn't it.

Speaker 14 (33:31):
Yes, prices are rising, But if you look at recent
survey data, what businesses are saying is that their pricing
intentions i e. How much they intend to increase prices
has reduced somewhat. And I think that reflects the reality
that many businesses have kind of absorbed what happened during
the Middle East period and gone, Actually, we can't afford

(33:52):
to pass that on to too many of our consumers
too hard and fast, because actually they'll walk away, they'll
stop buying our products or services. That's actually what you
want to see. You don't want to see pricing spin
out of control and firms to be taking complete advantage
of events Internationally. That hurts all of us. You know, ultimately,
inflation is the huge robber of people's back pockets, of

(34:14):
their savings, of their investments, and keeping inflation under control
is the biggest thing we can do to control the
cost of living. There is a a bank, have that mandate,
they've got to deliver on it.

Speaker 3 (34:23):
Interesting thing will end up at neutral, at maybe three,
maybe a smitch high whatever. So I compare it to Australia,
well into the fours. They've got inflation problems, they've got
job problems, they've got growth problems. You saw that OECD
report this week, the Deloitte report this week. Do you think,
as much as you make grin and go look at Australia,
they're all coming back home. Are we a net loser
or net gainer if Australia and the tide turns and

(34:43):
they turn out to be a loser in this, do
we win all lose out of that equation?

Speaker 14 (34:46):
Well, Well, the strength of the Australian economy matters to
us because we export so much there and we're essentially
a shed market. On the other hand, I'm competitive by nature, Mike,
and when our economy is doing better than Australia, I
feel good about that. I love welcoming Kiwi's home. I
love hearing Australian businesses saying, actually setting up shop in
New Zealand looks like a good idea right now. They're

(35:07):
not going to slam a capital gains tax on me.
I like hearing from young New Zealanders that actually they're
seeing good prospects in New Zealand. Those are all positive things.
And ultimately, if more firms want to locate in New
Zealand and more activity is happening here, that's good. We're
always going to compete with our big cousin.

Speaker 3 (35:26):
Have you read Kate mcmura's piece on the Golden Visa
this morning?

Speaker 14 (35:29):
I have not read that book.

Speaker 3 (35:30):
It's worth it. So she reflects on a Minter Allison
Rudd Watts report. So the money coming in is good,
it looks good, but it's shallow, shallow money. They're not
immersing themselves in New Zealand the way they should. Their
argument from this reporter is that they're being whacked with tax.
So this is I mean, you'll be well aware of it.
That's offshore holdings and equities and all that sort of stuff.

(35:51):
New Zealand is returning. They've got international investments. So they're
whacked over there, they're whacked here, and that's holding them back.
Do we need to do something tax wise to warm
them up.

Speaker 14 (36:01):
Well, we had taken measures in each of the last
two budgets to address those foreign investment fund rules, which
her piece likely is referring to, because we recognize that
that is a challenge for people who are moving their
capital to New Zealand, is that the taxing of it
any holdings offshore. So we have made steps at the
margins to improve that position. We recognize it's important, but

(36:24):
there is a line we can't cross, which is creating
the opportunity for people to exploit loopholes in our tax
system so that we lose our tax base. So that's
the balance that we're working to strike. What I hear
anecdotally from those of moved money here with a Golden
visa is that it's not just the initial investment that counts.
It's the fact that they then go on to make
subsequent investments because they get to know our business community better,

(36:47):
they see more opportunities in New Zealand once they're on
the ground. So I'm really positive about the prospects for
that visa.

Speaker 3 (36:53):
Okay, have a good week. Inn Nicola willis the Finance
Minister and the aforementioned is in the Herald this morning.
Tax settings risk underminding government's Golden visas success. In essence,
it's basically sure, we'll give you some money, but we'll
park it in a bank earn some interest. We don't
love New Zealand. We'd like to love New Zealand, but
you're making it a bit hard. That's the gist of it.
But read the whole thing. It's well worth it. Thirteen
past Mike. Price is already out of control, but what

(37:15):
a blunt instrument. The ocr is good point. I'll come
back to it. Price is rising mainly oil related rates
and insurance. Right but partially wrong. So sixteen past France,
excellent opener with the open, free, flowing, dramatic football party.
This weekend with Italy, we expect changes to the team.
I think that's today. They announced that this afternoon, don't
they Good news on demand? By the way, every game
is sold out, so we like that. Luke Jacobson or

(37:37):
Black Loose Forward is with us this Thursday morning. Luke morning, Yeah,
good morning, thanks having me, not at all. They tell
me you're up, And about what time do you all
blacks get up? I mean, is it an alarm? Does
someone go down the corridor and bang on doors? What's
happening there?

Speaker 12 (37:50):
We're all a little bit different, but O's up a
thirty moments ago, just enough time to make us movie
in my morning's coffee. But yeah, everybody a little bit different.

Speaker 3 (38:00):
Right would you were you up because of this? Or
were you you going to be up anyway?

Speaker 6 (38:06):
Now?

Speaker 12 (38:06):
I usually hop up at about that time. I just
hoped about ten minutes early. Wasn't too bad, mate?

Speaker 3 (38:10):
Good one? And how was France? Did you get a
good vibe out of that last week?

Speaker 12 (38:15):
Yeah? It was an awesome start to the year. I mean,
obviously there's plenty of work ons, but overall really happy
to come away all of the one. France a good team,
and I mean they really tested us, so no, really
good test.

Speaker 3 (38:32):
I happened to be at the airport last Sunday when
you guys arrive back from christ Church and I had
a word with a few of you. There's the vibe
was Renny's a bit more relaxed about life? Is that
your sense of it?

Speaker 12 (38:45):
Yeah? I mean Renny is pretty charm operator. I think
he's done really well to bring everybody in and just
be himself and be very authentic. So I've been really
enjoyed it.

Speaker 3 (38:57):
Does that help given you already knew him from another
life and all that sort of stuff in your region.

Speaker 12 (39:03):
Yeah, I think I've owned did a little bit of
time for my I've got to know him a lot
better now, But I guess it does help having that
previous connection. But yeah, I have enjoyed working awesome.

Speaker 3 (39:16):
Was I right with the Are they announcing it this afternoon?
Excuse me, ignorance, The team announced saffnoons, it is this afternoon,
I believe.

Speaker 12 (39:24):
Sorry?

Speaker 3 (39:24):
Yeah, right, And do you know what's happening visa your
personal situation? Not that you need to tell us, but
I mean, are you aware of what's happening or is
that a big surprise as well?

Speaker 12 (39:33):
Our team gets named internally yet before today?

Speaker 3 (39:37):
Okay, so that information sits heavily with you this morning, Luke,
and you'd love to share it with us, but you can't.
Is that what you're telling me?

Speaker 12 (39:44):
Be correct?

Speaker 19 (39:45):
Yeah?

Speaker 12 (39:45):
Very good? Have you?

Speaker 3 (39:47):
How do you think about the game? So French the France, France,
Italy and Ireland Italy? Easy beats or we're not. We're
not taking it that way with Ireland to come the
real story next week.

Speaker 12 (39:57):
No easy beats at all.

Speaker 11 (39:59):
I think.

Speaker 12 (40:01):
The most improved team internationally over the last couple of years.
They've tipped up Scotland and England and the Six Nations
and they're a huge impasionate team that you know they
can be keen as to try and tip us up
at home. So yeah, we're definitely going to have to
turn out.

Speaker 3 (40:18):
Yeah, sellout. Sellout's got to help. Knowing you go in
each weekend full house. That's got to feel good, doesn't it.

Speaker 12 (40:24):
Yeah, it's awesome been there play in front of a
packed out New Zealand crowd. Yeah, we definitely feed from it.

Speaker 3 (40:30):
What about the forecast? Have you checked the weather? Given
you don't have a root.

Speaker 12 (40:35):
Doesn't matter it. Change is quite a bit down there,
doesn't it. But I think it's meant to be At
the moment, it's meant to be pretty good. But that
could change very quickly.

Speaker 3 (40:43):
All right, well, we wish you the best, mate, appreciate
your time very much. Luke Jacobson, who's the all black
loose forward out of the Waycatta region. If you don't
follow those sort of things. We'll need to mark the week,
given it's an early week, and we'll do that short week,
and we'll do that in the moment. Seven twenty.

Speaker 2 (40:58):
The make asking first full show podcast on a hard
radio car it by News Talks B.

Speaker 3 (41:06):
Now, if you've been holding off buying new tech because
you figure the next sale you know, couldn't be fair away,
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(41:28):
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(41:49):
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Task four time to mark the week. Little piece of
news and current events that is more entertaining actually than
Adam Sandler at the MSG decked out as a forest

(42:11):
on a Friday night. All Black seven, you season, New
Era and a winners you just heard next top Italy
hashtag shouldn't be hard World Cup eight. Even a person
like men, minimal of any interest at the best of times,
and increasingly mesmerized by people like Messy and teams like England.
It is why I guess it's the biggest sport in
the world. The Reserve Bank five read the room poorly,

(42:33):
I think, I mean, don't cock up the recovery. I
mean they haven't. They haven't. They may not, but did
a fragile state of mind need a dose of bad news?
The recovery seven? It's real, It's here, Yes, it's early days,
but too much dart are too many forecasts for it
for it to be denied. Now Australia, for you picked

(42:54):
your report, Deloitte's this Week or the OECD both say
the same thing. It's downhill from here. The tiders turned
New Zealand and there's back baby retail New Zealand. Though
for see calling for tariffs is lazy. I get it,
but it's not who we are. We compete on quality
and service and perhaps a little bit of patriotism. The
NROLTV deal eight. That's the story of a well told story.

(43:15):
Landy's and Co. They dream big, they sell well, they
bank the results. Wellington seven, I love you Wellington Airport
close to town. Cog is food as good as anywhere.
Architecture Auckland could learn from just there for the night,
of course, but enough to be back for more. Trump's
crypto too, I know what the hell I'm doing making

(43:37):
money off dummies? One million people lost five billion dollars.
What a cool president. NZ invest in data centers seven.
I mean, good idea. Let's see how the not near
me argument goes though. Bremworth six See I got into
the weeds on this and I think the collapse of
the takeover this week, it's no bad thing. I mean, yes,
it's been a mess. I get all that. But well
is a thing, and localism is a thing, and we

(43:58):
wish them well. Harry to poor Hurry can't stay at
Dad's lost in court, kids are in California. He's got
a tragic lost soul vibe about him, doesn't he? Mody eight? Yep,
we must not underestimate the power and size of this deal.
Took years to basically go nowhere, and yet now we're
across the line. There are no losers in free trade.

(44:18):
And that is the week. Copies on the website, and
four of these table together, by the way and cut
out the right way makes an awesome Martariki constellation if
you hold it against a forty what Bolbosky Mike, price
is already out of control. See that's a state of mind, Tony,
isn't it? Price is already out of control us some
out of of course they are. And yes, you're right,
the ocr is a blunt instrument, But I don't know
that they're necessarily out of control. Prices rising, Mike, mainly

(44:41):
oil related rates and insurance, well, insurance, isn't We must
correct that urban myth. It was, but now it's not.
Have a look at what's happened to insurance price increases
in the last few months. Things are slowly being contained.
Doesn't mean it's affordable, doesn't mean it's good, doesn't mean
we have a party. I'm just saying that, Yes, rates
is still a problem. Yes power bills are still a problem,

(45:02):
but insurance is not the way it was. Mike, I'm
supportive of Nicola Willis, but she's wrong about price increases.
Intensions after unreasonable conditions for temporary price increases, a delayed
but permanent price increases coming now you make it. That's
a very sensible observation. And that's why I do wonder
about the Reserve Bank and that, and they do these
intention surveys. What do you think is going to happen?

(45:25):
Which is fine to ask, but what you think and
what you do are so often not the same thing.
So we'll discuss that in other matters with a good
doctor from the bank after the news, which is next.
He refused talk, said.

Speaker 2 (45:36):
B Tough on power, Sharp on Insight, the my costing,
Breakfast with Vida, Retirement, Communities, Life Your Way News, togs.

Speaker 3 (45:50):
Head B simicody after right twenty three to back to
the Reserve Bank. In their view of New Zealand, the
ink CASHWRET cash right hike is required. They argue. Inflations
and issue growth is here. It could also be an
issue of the prices get passed on too much, so
maybe one, possibly two more before the years out. Governor
Doctor Anna Brayman is with us.

Speaker 19 (46:07):
Good morning, Good morning.

Speaker 3 (46:08):
The consensus decision yesterday interested me because the market wasn't consensus,
it was heavily divided. How much division was there in
that room and did anyone come close to going let's hold?

Speaker 19 (46:22):
I think the important thing is that we always have
good discussions. You know, we do have diversity of thought,
but it was the consensus and we reach consensus rather quickly.

Speaker 3 (46:32):
So we're where we're and I was one of them
thinking a hold, where were the hold people wrong?

Speaker 12 (46:40):
Well?

Speaker 19 (46:40):
I think that the key thing right now is that,
you know, we do see well we've seen overnight the
old prices going up again, but we do expect inflation
to fall. But we're concerned that there would be some
lingering effects of this terrible conflict in the Middle East
and how that is affecting New Zealand households and firms,
so we really wanted to ensure it to bring inflation back,
and we've also seen good signs that the economy is recovering.

(47:03):
So for us, the balance was really making sure inflation
goes back, making sure houshlds get their purchasing power back,
while still supporting the economy, and we thought that the
twenty five basins point hike was striking that balance between
those two.

Speaker 3 (47:17):
On that three strained answer, the third one being and
you mentioned that yesterday in your press conference, that's the
good news part the recovery. Of the three things you
were looking at, how much of a waiting are you
placing on actual growth?

Speaker 19 (47:31):
Well, growth, I mean, of course it's important because also
effects inflation, if affects employment and inflex wage growth. So
you know, we have a very clear mandate to bring
inflation back to the midpoint of the target range around
two percent, because that's how we get the purchasing power
back for households. But we also do take into consideration

(47:54):
not causing any it says unnecessary volatility, and what it
means is trying to make sure that we don't hurt
growth unless it's really, really needed to bring inflation back.

Speaker 3 (48:04):
The pricing intentions fascinate mate, Your suggestion being we're constrained.
You can't just go around passing prices on. But you
know it's happening. It's out there in the real world,
it is happening. Could you be reading this wrong?

Speaker 19 (48:20):
Well, I think that, you know, looking at all, the
pricing intentions are important, and we do have some good information.
The firms are saying that, you know, they do expect
to hike prices, but not buy a lot, and that's
what we're looking for. You know, inflation. Do you believe that?

Speaker 3 (48:37):
Do you believe it?

Speaker 8 (48:38):
Well?

Speaker 19 (48:39):
I think it's differences across many businesses and firms, and
I think that people will make different decisions because cost
pressures are also very different across different firms. You know,
some are really affected by higher transport costs, but others
don't have much higher transport costs. Some people are really
investing in things that increase productivity, and that means that

(49:00):
they can get more output without needing to hike prices.
So there is differences, and what we're looking for is
on average, it should not be too high and weighte
gross is still pretty sidute as tough for households, but
that's also why we need to get inflation down. But
some are affected by high cost precious some are less

(49:20):
and for us, it's striking that balance to get towards
that two percent. It's not exactly two percent, but it's
going in that direction and staying at the low and
stable level because we know it's also good for gross
Low and stable inflation makes it easier for household and
firms to plan to invest, means purchasing power is better
and the sectors in New Zealand that's been hurting for

(49:42):
a while now. The exporters are doing rather well quite broadly,
but some of those smaller, medium firm sized firms that
are really dependent on the domestic demound, they are the
ones who've had a hard time and they are also
having a hard time because households have a hard time.
So getting inflation down will help with that purchasing power
and that demand towards those small and medium sized firms.

(50:05):
And that's so what we're seeing is some parts of
the economy are performing really quite well and we want
to see that growth broaden. We're bringing inflation down will
help with seeing that broadening of growth in the New
Zealand economy a.

Speaker 3 (50:18):
Lot of feedback, and it's not just this time around,
but this whole You guys are in Wellington, you're not
in touch with the real world, you would counter where
they We get out and visit businesses and we talk
to businesses. How many businesses do you actually talk to?

Speaker 19 (50:30):
Literally, that's a good question. I'm going to have to,
you know, actually calculate, because when I go out and
meet businesses around the country, sometimes I go and visit
one firm and look at their plants and and sometimes
I do a lunch and then it could be maybe
thirty forty businesses at the same time. So I don't
have the exact number for you, but we do go

(50:52):
and meet quite a few businesses. And it's also my colleagues,
so now you know some of my both the internal
and joeneral EMAS members will join on some of the
business visits and do their own business visits. And then
our staff also do regular calls and business with businesses.
So next time around, I hope I can give you

(51:12):
more of a precise number, but it's important to us
and we do get good information from meeting with them, because,
like you say, they do face different realities, and some
of them, especially those. I mean, I am rather impressed
by the way that the exporting firms are managed because
the global environment is still as you know, it's complicated,

(51:33):
it's uncertain, and many are managing to find new customers
around the world, finding new markets. They're investing in new
technologies to increase their productivity. So we're seeing some good
signs or some very competitive firms in New Zealand, and
we want to see that broadening now to those who
have also been structed.

Speaker 3 (51:53):
I'm glad you see that, because they're going to introduce
as the emotion of the economy. So I'm surprised. I'm
given all that was said to when the war broke out,
price rises, all the products, all the doom. Are you.
I'm pleasantly surprised at the robustness of what appears to
be a recovery and a reasonably quick one, are you, Yes,
I am.

Speaker 19 (52:13):
And I also agree that it's nice to see that
resilience and seeing these firms all around New Zealand. They
know it's a tough environment, but you're forward looking. They're
thinking like we're going to find our way through this,
and that seems to be paying off. You know, I
met some of the firms. They're saying like, oh, we
decided a few years ago we need to look at

(52:36):
broader markets. Where can we go and not be so
dependent on one supplier, not be so dependent on one client,
And then when the world is being difficult that it
is right now that strategy is paying off. And I
think that shows the strength of the country that we
have those firms and that's really helping the economy right

(52:56):
now because they are keeping up over all the growth
and it has been weak and what we want to
see now. But you know, our mandate is really to
bring inflation down. But I do want to stress to
bringing inflation down is will in the end help households
because how inflation it does hurt, it does hurt the households,

(53:17):
and getting it down brings purchasing power back.

Speaker 3 (53:19):
Yes it does. Listen, I appreciate you telling you. I
have a good weekend on a Breman. The Reserve Bank
government with us this morning, Mike. She needs to have
a look at counsels. They've got the greatest effect on
household spends in the way of life. Well, no they don't,
but I take your point. And the government is on
top of that with rate caps. Of course, good commentary
as always from Tony Alexander in one roof this morning.
We can't rule out a scenario have only one more

(53:41):
rate rise this year and then an extended pause, so
maybe September, possibly December, depending on what happens. Isn't Mike,
this lifting of the ocr inflationery. It affects floating rates,
so generally business costs well. Yes and no. You've got
to look at the size of the economy or the
part of the economy, or the amount of money that's floating,
and generally it's more more fixed than it is floating.

(54:01):
But the floating part is affected.

Speaker 19 (54:03):
Yes.

Speaker 3 (54:03):
Seven five.

Speaker 2 (54:05):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio.

Speaker 1 (54:10):
Now it by News Talks.

Speaker 3 (54:11):
It'd be we're in trying to get to the bottom
of the pstree thing. Bit of f one gossip for
you this morning. I've been trying to get to the
bottom of the pstree thing. Is pstry off? No is
the answer. So a lot of scalttle button. The summer
breaks coming up. They've got one more meeting next week
and then they're off at the summer break. I think
that's right anyway, The point being he's got one of
those contracts that the Stappin's got. Apparently the contract says

(54:32):
if he's not in a certain place by the summer break,
if he's not in the top five, he can trigger
a release. Cause he's currently sixth, so he might be
fifth by the time the summer break comes along. Anyway,
there's a sort of an angst in there. But the
interesting thing about it at the moment, as far as
I can work, and this applies to the Stappan as well,
It's all very well to be unhappy and leave for
a team, but where are you going to? So those

(54:53):
two guys would want to go to a team that's
a winning team. So would Pstree going to red Bull
make him any more a winner than what he is
at McLaren. The answers, No, would Max for step and
leaving red Bull and going to McLaren. He apparently has
been talking to Mercedes Ferrari McLaren. There's no way that
Ferrari's gonna hire for step and I mean for who
Leclaire wrong? He won Lewis, No, he's a legend. Would

(55:16):
he go to McLaren So that would be a swat
would he go to Mercedes? And what's he going to
do with Russell who's currently second in the World Championship
behind the other guy who works for Mercedes called and Nelly.
So these guys there's sort of nowhere for them to go.
But anyway, the upshot appears to be that piastre. It's
all more. It's more rumor and innuendo than it is fact.
Max has been on the Socials overnight with a red

(55:40):
bull helmet, though with orang Jack sents, not Papayah accents.
Orange Jack sents. Great to be back in Orange, he says.
So basically him and his dad are stirus is what.
I would be surprised if either of them end up
leaving it all. Doesn't mean the rest of the market
doesn't shuffle around a bit, and that'll be interesting, But
for those two, I don't think they're going anywhere. Tend

(56:00):
to wait the.

Speaker 2 (56:01):
Mike Costing Breakfast with Vida Retirement Communities News Togs had been.

Speaker 3 (56:05):
Living away from it, so our top plowing champions they're
after the World Champs. World Champs are in Croatia, a
small issue there. Attractors, plows and gear have gone missing
at sea, So the scrambles on anyway. Mark Dillon's our
five time New Zealand plowing champion. He's where it's Mark
morning mor Mic Do you know literally where they are
or they're just out there somewhere.

Speaker 20 (56:24):
They're on their way from Australia back to New Zealand,
which is the wrong direction.

Speaker 3 (56:27):
Really that would be true because I know where Croatia
is and it's not this way. So how did that happen?
And doesn't matter I suppose I mean, is it a
massive cockup?

Speaker 20 (56:35):
Oh yeah, she's not good via The gear was meant
to be over there in a couple of weeks in Croatia,
so it was good to hit a time, so if
we hadny hiccups with a bit of a buffer, But
it's not certain. Apparently at mister ship and Sydney or
loaded onto the wrong outfit and then you now that
descided to send it home rather than sending it from
Sydney to Croatia.

Speaker 3 (56:52):
Will you be able to get it there or not?

Speaker 20 (56:55):
Well, we're just hopefully we can pull a magic rabbit
out of her hat and someone who can come on
board and give us a hand. But it's not look
real promising at the moment.

Speaker 3 (57:01):
Okay, do you need your gear for this? Could you
jump on any tractor with any plow and feel competitive?
Or is it a personal thing?

Speaker 20 (57:09):
Now we'll just we need around gear. It's like playing
golf for someone else, to golf cubs, we're using someone
else as a or to be wrong or something like that.
We Taylor Taylor around gear of just being an extortional
amount of money or my gee, modifying it because it's
been away at the world, and yeah, we're change stuff
to her. Do you make yourselves more competitive? And then
we're not even going to get to use it.

Speaker 3 (57:28):
Is this going to mess with your head?

Speaker 20 (57:30):
Oh it's not audio, it's well work things challenging, but
we'll try something.

Speaker 3 (57:35):
What's it worth? When you started to mean what's it worth?
What's the tractor and playing all that stuff with the modification.

Speaker 20 (57:40):
Well, the main airs I've put into it you had
to even keep trick of if you're if you're getting
paid for it, I'll be over one hundred thousand dollars.
But it's it's not worth it. But it's all the
way bits and places you do to help you on
the day to give you the need or hard with
really playing to give.

Speaker 3 (57:54):
His eals you need, Yeah, exactly, So there's nothing you
can do. It'll either be there or you're backing yourself
from general terms. Were you going into this as six
time thinking sixth time?

Speaker 16 (58:04):
Uh?

Speaker 20 (58:04):
Well, ye over issues with this, says, I see, I've
done all these most treat and play. I've got it
really really well, and I've had an our three toime
world champion or scotch almost Cochran's come on board as
a character as well, so that he was sort of
I was hoping he was going to listen me to
the next level and get us a bit further at
the place. And what do a coach do is in plowing,
he's just critiquing what we're doing and what we're just watching,

(58:25):
how the hell's all roll across the board and see
and just what we can do better. Yeah, it's just
like any character watching and encouraging you and giving you
a guidance.

Speaker 3 (58:35):
And its location a big deal. Does it matter? You know,
soil quality, size and paddic you know, location, weather, all
that stuff. Does it make it way?

Speaker 20 (58:43):
They can make a big difference. Last year when we're
playing in Prague, it was really really dry, which made
it really challenging the two years pool that we're in
Estonia and it was really dry and we had a
lot of round and that changed grand conditions and made
it more favorable.

Speaker 3 (58:55):
That's very that's a very European sort of competition. We're
holding it up. When are we holding it in twenty
nine one year?

Speaker 20 (59:01):
We are actually hosting it down here and son so you.

Speaker 3 (59:04):
Would get a home paddock advantage.

Speaker 20 (59:07):
Well that's the plant. Yeah, yeah, this was this. There
was a big picture here. We're trying to build into
as a people, owing it the next two to three worlds,
which I've called for the next year already, and then
just keep building myself up the latter. So the fanness
to have a really good goal at when we're host
to get out here at home.

Speaker 3 (59:23):
Good on you. All I can do is wish you
the best with the gear and wish you the best
with the competition itself. So Mark Dylan, the staff and
plan are pretty toxic. I doubt any serious team wants
to touch him. Is another Alonzo talented but brings too
much baggage. I'm not sure that's true, but I mean
there are a lot of people around here where he
gooes well beyond the talent ratio.

Speaker 11 (59:43):
But some of them still you mean, like really really
close to being around here.

Speaker 3 (59:47):
Yeah, some of them still host shows. Use this next.

Speaker 2 (01:00:10):
Opinion edit Informed, Unapologetic, the mic asking, Breakfast with Defender Trophy,
Epic Adventure, Greater Purpose, Youth talks that be Lemonade.

Speaker 17 (01:00:21):
I was on Lemons early Gray.

Speaker 18 (01:00:24):
I was always digging. As he said it was.

Speaker 3 (01:00:31):
Early grave. I was always digging. This is their fifth album,
and interesting, they've not done anything in over a decade.
The Tyson writter, I feel I've been here before. I
feel I've talked about these guys. I feel life's circling
around me at the moment. The all American rejects are.
The album is called Sandbox, So where was I? Yeah,

(01:00:53):
over an album since the last one. He's looking here.
Old Tyson edits youth growing up in Oklahoma, and obviously
from the lyrics you just heard, he made some lemonade
growing up in Oklahoma, and then he was digging his
early grave. It's a return for the band who seemed
to define the two thousands. I'm not sure is that true.
I've never heard anyone say that. But let's say that
is true, and you've got a lot of this got

(01:01:15):
a lot of forty one minutes and forty six seconds
of old Tyson and his All American rejects mates twelve
tracks a.

Speaker 2 (01:01:24):
Week in Review with two degrees, bringing smart business solutions
to the table.

Speaker 3 (01:01:31):
Mike, that last interview you did with attractive fellow was brilliant.
Thank you, Tim Wilson was, Yeah, it was so, I
know you don't have to do amazing. It wasn't amazing, Tim,
and everyone can see through you, so your shallows a puddle.
Good morning to you. It wasn't amazing, you know, it
wasn't amazing.

Speaker 18 (01:01:49):
I didn't know about I didn't know about plowing competitions.
I didn't realize that plowers could get coaches.

Speaker 3 (01:01:55):
That certainly was a revelation to me. That's why we're
number one in the country is what the stuff they
will say, asking the hard questions. What they need to
do is revealing stuff you never knew. The mic Cosking
breakfast was revealing stuff you never knew. Kate, how are you?

Speaker 17 (01:02:11):
I'm excellent.

Speaker 21 (01:02:12):
I do need to fall on my sword this time
last week. I luckily didn't take the bits. I haven't
lost money, but I've lost face because I wanted better
for Taylor.

Speaker 17 (01:02:20):
I wanted something not commercial.

Speaker 21 (01:02:22):
I just wanted to believe that she couldn't possibly get
married at the MSGY and I was wrong.

Speaker 18 (01:02:27):
So I apologize.

Speaker 3 (01:02:28):
Now, I don't apology. You don't need to apologize. It's
just that you were our go to on the superficial
aspects of life.

Speaker 17 (01:02:35):
And well that's not really a compliment, but I'll take it.

Speaker 3 (01:02:39):
It's just that we all bring strength to the equation.
But unfortunately your reputation is somewhat damn it's so rude.

Speaker 1 (01:02:49):
It is not rude.

Speaker 3 (01:02:50):
I mean, the lighter side of life is an important
side of life. We can't all be delved into the
weeds of the complexities of the world.

Speaker 21 (01:03:00):
You're making me sound as shallow as a puddle and
as dumb as the second hand.

Speaker 22 (01:03:04):
Exactly like that, Like the TMZ of Rest the Week,
You're more than that, Kate, you know what, You're more
like the people of people.

Speaker 3 (01:03:11):
Maybe you're the real world the week, You're the real
wild Tim Tim's completely out to lunch. I'm mental and
you are represented under the real.

Speaker 17 (01:03:18):
Will that's true. I'd like to think I bring a
bit of heart.

Speaker 3 (01:03:21):
Next question, Next question, answer me, this question Kate Hawksby
Entertainment Report of News Talk zedby how is it possible?
And explain how this has happened in a world of
streaming where literally everyone's everything's available to you. The Emmy
nominations are out this morning, leading the pack with twenty
four nominations. Is what program?

Speaker 21 (01:03:45):
Oh No, I'm failing at my job already because I
have it. I'm not across this.

Speaker 3 (01:03:51):
No, it doesn't matter.

Speaker 9 (01:03:52):
I am.

Speaker 3 (01:03:52):
Fortunately, I've come to the I've come to the lightweight,
superficial part.

Speaker 18 (01:03:55):
It's one of those it's one of those questions.

Speaker 11 (01:03:57):
I know the answer.

Speaker 3 (01:03:58):
It's it's twenty four. So tell me how can you can't?
You can't watch hacks in this country unless you pay
some money to hey you or hey buy buy or
in other words, why is the most successful program on
television not readily available to us all when it's that good?

Speaker 17 (01:04:18):
Yeah, it's crazy. I have no idea. That's a question
you need to ask the players who are buying this content.

Speaker 3 (01:04:24):
Well, they're not buying. That's the point. That's why you
can't get it.

Speaker 11 (01:04:26):
The only HBO Max mote.

Speaker 3 (01:04:29):
No, you can't. The only person who's watched it is
Glenn who VP n'd it.

Speaker 21 (01:04:34):
Yeah, and also about old seasons because the new seasons
are walked brilliant.

Speaker 3 (01:04:40):
And season five once got the Normies, the Emmies, the
Nommies nominations.

Speaker 18 (01:04:45):
Anyway, can we put it together? Why don't we think
of out the box? Can we put it out?

Speaker 1 (01:04:49):
Put put it together.

Speaker 18 (01:04:50):
Let's get let's get our VPNs going, Let's get let's.

Speaker 3 (01:04:53):
Get well according to the drive that you see the
driver all over the VPN scandal this week? Did you
catch up on the VPN scandal here this week?

Speaker 4 (01:05:02):
Yeah?

Speaker 12 (01:05:03):
It was.

Speaker 18 (01:05:03):
It wasn't clear to me were they gonna were they
going to do it?

Speaker 3 (01:05:08):
About doing it? My point is it was a complete
non story. Somebody who's somebody who saw somebody who rang
somebody who somebody who walked down the corridor and then
the wind blew change and they suddenly had a rumor.
That's what that was anyway, The point the point being,
I just don't understand in the will, where everything's available,
the best program of all is not available to anyone

(01:05:28):
unless you work so hard. It's not funny, it's stupid. Now,
quick thing for you both, Can you say good morning
to Kirston and Paul?

Speaker 17 (01:05:36):
Please good morning, Kirston and Paul.

Speaker 18 (01:05:40):
Good morning, Kirston and Paul.

Speaker 3 (01:05:41):
Very good. Indeed, they're from the Three Miners vineyard and
they sent me this morning. They've got a beautiful postcard
and they've got one of those old Bedford the type
trucks and it's painted green with three miners on the side,
and you got missus and mister and you've got a
couple of kids there and they're making wine. They just
sent us a couple of bottles of wine this morning.
But here's the important part. My husband listens to your

(01:06:02):
show every morning, and when I get into the office
a little bit later, we had the most interesting discussions
about what you've talked about, especially on Fridays when Katie
and Tim join you.

Speaker 21 (01:06:14):
Yes, go see, we're bringing so much more to the
table than you originally exactly.

Speaker 18 (01:06:20):
Yeah, yeah, both as shallow as a puddle of water.
I don't think so, okay, I think people are swimming
in this.

Speaker 21 (01:06:26):
We're bringing the philosophy, the psychology, the hard and soul.

Speaker 18 (01:06:30):
The poetry, yep, the record bringing it.

Speaker 3 (01:06:34):
We're also bringing you the break thirteen Past.

Speaker 2 (01:06:39):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio, Power
by News.

Speaker 1 (01:06:44):
Talk Zippi.

Speaker 3 (01:06:46):
News Talks. It be sixteen past.

Speaker 2 (01:06:48):
The weekend review with two degrees, bringing smart business solutions
to the table.

Speaker 3 (01:06:53):
Tim and Katy with this pop quiz real quick for
both of you. Please, Tim, I'm sorry so.

Speaker 17 (01:07:00):
Many questions and some of them are hard.

Speaker 18 (01:07:04):
And you know the Okay you know what?

Speaker 12 (01:07:06):
No?

Speaker 18 (01:07:06):
No, yeah, you knowswers we don't. I'm here, no, no,
no what You've been.

Speaker 17 (01:07:12):
Up since two thirty in the morning.

Speaker 21 (01:07:14):
You're you're peaking about now the rest of us yet
to have our first you know, cup of caffeine?

Speaker 17 (01:07:20):
Did you take it easy?

Speaker 3 (01:07:21):
Actually a good point. No, it's not a quiz where
the questions right or wrong. It's open to interpretation. But
did you like Katie? Did you hear Luke Jacobson The
All Black?

Speaker 19 (01:07:31):
Yes?

Speaker 16 (01:07:31):
I did.

Speaker 3 (01:07:31):
Did you enjoy it? Did you enjoy that?

Speaker 6 (01:07:33):
Yes?

Speaker 7 (01:07:33):
I did.

Speaker 17 (01:07:33):
I was glad you said it was at the end
because I did not know who you were talking to.

Speaker 3 (01:07:38):
That's what I was telling you. Did you enjoy the interview?

Speaker 19 (01:07:40):
Tim?

Speaker 12 (01:07:41):
Ah? Yeah?

Speaker 19 (01:07:41):
I did?

Speaker 12 (01:07:42):
I did.

Speaker 18 (01:07:42):
I mean, I actually I quite liked.

Speaker 3 (01:07:44):
I like Danna Bremer. I thought that was superba.

Speaker 21 (01:07:46):
You know you had some negative have you had some
negative feedback on that ab on Luke.

Speaker 3 (01:07:50):
No, not at all what I'm saying. The only reason
I'm asking is came of our experience at the airport
last Sunday, said him. We're at the airport last Sunday
coming home from Wellington. But the all rhyming and christ
and I'm looking at the public's interaction with the All Blacks,
and I say to Sam early this morning, I don't
reckon most people know who the all Blacks are these days.
In general, there's a lot of turnover, a lot of
you guys. Obviously one those Tana. Everyone knows Rainy, everyone

(01:08:15):
knew body. You could probably pick old what's his name
from the way Katto? Yeah, Damien, you know what I'm saying.
But you couldn't pick any of the others. I thought.
No one knows who Lucas. I mean, who's Luke Jacobson,
for goodness sake. And so unless you're from the white cattle,
of course, and you wouldn't recognize Luke Jacobson from a
bar asap, would you know?

Speaker 17 (01:08:31):
I couldn't. I couldn't pick him in a lineup.

Speaker 21 (01:08:32):
But I did notice all the kids at the airport
were gathering around Bowden that they seem to love body.

Speaker 3 (01:08:37):
He's the hero and isn't he good with people? He's
a natural with people. I love body? Do you love body?
Who loves body more than the Do you love body
more than I do? Or do I love body more
than you do? Katie and the Body of thought?

Speaker 18 (01:08:52):
A true question?

Speaker 17 (01:08:53):
Is this a true question?

Speaker 4 (01:08:54):
Yeah?

Speaker 1 (01:08:55):
Pop? Okay?

Speaker 3 (01:08:56):
The pop quesz here we go? First question? Should that
that uniform not? To explain to you, Tim, they were
in short they were in a uniform travel uniform. They're
in shorts. They're in shorts you're talking about right?

Speaker 12 (01:09:06):
Yes?

Speaker 3 (01:09:07):
Sure, Bob Chaze T shirts and trainers.

Speaker 17 (01:09:09):
Is that I didn't think it was that bad at all.
It was smart.

Speaker 21 (01:09:12):
It was as far as smart.

Speaker 17 (01:09:15):
It was black and white, and I thought they looked fine.

Speaker 3 (01:09:18):
Okay, Tim? As a rule, I'm my alternative being your
number ones jacket tie. You're traveling, you're all blacks.

Speaker 21 (01:09:24):
Too formal for domestic in New Zealand, too much. I mean,
have you seen how people dress on planes?

Speaker 3 (01:09:30):
And that was my counter argument, But does that mean
you lower your standards? Just because someone comes off and
playing with in a onesie doesn't mean you have to
match it.

Speaker 18 (01:09:40):
And they are the abs.

Speaker 3 (01:09:41):
I mean there's a representative. Yeah, exactly, exactly, So you.

Speaker 18 (01:09:47):
Know what I'm inclining to go.

Speaker 3 (01:09:49):
Number ones tie number ones? Yeah, okay, second question for you, Tim,
and I think I know where you go. So I'm
in the hotel restaurant. Kids in the restaurant with their
feet except mum's there acceptable or not litter?

Speaker 17 (01:10:01):
To clarify, the kid is not a toddler. The kid
is nine or ten.

Speaker 18 (01:10:05):
Mm hmmm mmm, toddler probably up to the age of seven.

Speaker 3 (01:10:11):
Seven. You can get away with beer feet beyond seven.
At no point in the hotel room does mum or
their gay dars in the room.

Speaker 1 (01:10:20):
In the room is fine, you.

Speaker 3 (01:10:25):
Mean naked in your room. I'm talking about the steady.

Speaker 17 (01:10:29):
Sty Restaurants had rules that you had to apart from anything.
It's not safe.

Speaker 21 (01:10:34):
You're walking around, there's you know, glass, knives, forks, food,
hot stuff.

Speaker 18 (01:10:40):
Wouldn't there be a sibling with a fork trying to
stab the foot?

Speaker 19 (01:10:43):
So what so?

Speaker 3 (01:10:45):
So kid in a restaurant beer feet acceptable not?

Speaker 12 (01:10:49):
No?

Speaker 3 (01:10:49):
What else were they wearing? Well, they had to you know,
they probably had a one shirt, shorts and T shirt
and no shirt. Yeah, no, Obviously it's a no from you,
isn't it?

Speaker 18 (01:11:03):
It's a no.

Speaker 21 (01:11:04):
But I think I think we're increasingly old fashioned, or
maybe we're just getting old.

Speaker 17 (01:11:07):
I mean, you want the all.

Speaker 21 (01:11:08):
Blacks to wear number ones everywhere everyone in shoes.

Speaker 3 (01:11:14):
I'm sorry.

Speaker 18 (01:11:14):
Also, what about what about Kate? Kate? You know that
Mike is in a pair of jeans and a T
shirt right now, right.

Speaker 3 (01:11:24):
It's it's a it's a very.

Speaker 21 (01:11:25):
Nice it's merino or cashmere. It's like he gets the
maid especially.

Speaker 18 (01:11:32):
Actual collars and the actual collars or is it just
a circle.

Speaker 3 (01:11:36):
It's a circle collars.

Speaker 1 (01:11:38):
It's a circle.

Speaker 22 (01:11:39):
So you have the gore, you have the gall to
be basically standing in a knitted T shirt instructing people
on how their kids should dress and how the ab
should dress public.

Speaker 3 (01:11:49):
I'm not in public. And if you watch, if you
watch undreds and thousands of listeners, the socials, people will
look at me and go, he's not bad looking, he's no,
he's looking good in that. No, he suits that.

Speaker 21 (01:12:04):
You do put a jacket on for Mike's minutes. Yes,
that's so, you do you do kind of try and
look for me.

Speaker 17 (01:12:11):
That's good.

Speaker 3 (01:12:12):
Hey, listen, No, no, I want.

Speaker 18 (01:12:14):
I want Collins out of you.

Speaker 1 (01:12:15):
I'm sick of this.

Speaker 3 (01:12:17):
Quick quick thing from Ryan show this morning, Katie that
you missed. He's wearing a camel coat this morning. Okay,
And I said, you ban me from wearing camel.

Speaker 21 (01:12:27):
Well, camel's not for everyone. I mean you've got to
have a certain degree of olive. You've got to be
slightly tanned. I think to get away.

Speaker 22 (01:12:34):
Is this real, a real camel or no, it's a
it's a camel coats can wash a lot of people out.

Speaker 3 (01:12:40):
It's a staple of all wardrobes. But I see Ryan's pasty.
Don't you see Ryan's past past? I see Ryan's pasty.

Speaker 17 (01:12:48):
No, No, he's got a bit of a tan.

Speaker 10 (01:12:50):
Has he.

Speaker 3 (01:12:51):
I think that's a fake tan. Though I don't want
to spread the rumors, but I think it's a fake tan.

Speaker 17 (01:12:56):
He's just back from Europe.

Speaker 3 (01:12:57):
It'll be real last What do you sorry?

Speaker 20 (01:13:01):
All right?

Speaker 18 (01:13:02):
What are you doing it for the weekend?

Speaker 3 (01:13:03):
What's the weekend? Well it's I can't tell you.

Speaker 17 (01:13:08):
We will be looking at the stars.

Speaker 18 (01:13:11):
Well, we're we're off to Rainbow's in tonight.

Speaker 3 (01:13:13):
You guys haven't got Ye're not not Rainbow.

Speaker 18 (01:13:16):
We are are without collars.

Speaker 3 (01:13:20):
How many swings did go on the swing before you vomit?
That'll all wear shows exactly, wear shoes. They can vomit
in this shoes. Nice to see you have a good weekend,
Tim Tim Wilson Kate Hawk's be A twenty.

Speaker 2 (01:13:31):
Two the Mic Hosking breaks with Defender Trophy News Talk,
said b the Mic Hosking Breakfast Full Show podcast on
Iheartradiow of My News Talk said be.

Speaker 3 (01:13:46):
Now, a lot of people experience broken sleep, and this
human it's part of getting older, right, But there's a
connection between hearing and sleep that doesn't get talked about much.
So when hearing declines, brain can stay in a kind
of low level alert state overnight monitors the environment tries
to make sense of sound even when you're asleep, so
the constant background effort that interferes with sleep quality leaves
you feeling less rested than should be also works the

(01:14:08):
other way. Of course, poor sleep makes it harder for
the brain to process sound during the day, which can
make hearing difficulties even worse.

Speaker 15 (01:14:14):
So.

Speaker 3 (01:14:14):
Resonate Health's EAR three sixty assessment looks at how hearing
may be affecting things beyond just sound includes links to sleep,
to memory, to balance to tenatus comprehensive assessment designed to
give you proper picture, not just a basic check. So
if you mentioned my name when booking, fifty percent off,
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(01:14:35):
sixty six two eight hundred seven three seven sixty six
to two or resonatehealth dot co dot nz Paski sent
Com have just told us additional strikes are underway as
a result of Trump losing his mind in anchoror morning
might all black attire number ones to and from the game,
but just traveling around the country, smart casuals find question

(01:14:58):
our jendles will flip flops. Okay, not I'd go aslide,
but I think generally, well, let's see. I mean, if
you're in dinner ow jendles at breakfast are fine, aren't
you If you're in a you know, if you're at
the Ritz in London, not so much now Britain Farage
has quit of course since we last talked to Ender,
and I'll be getting a FIZZI on about England as well.

(01:15:18):
Enda is with us from the UK after the news,
Which is next?

Speaker 2 (01:15:23):
You're trusted home for news, sport, entertainment, opinion and Mike
the Mic asking breakfast with Bailey's real estate, your local
experts with national and global reach US togs Head, be.

Speaker 3 (01:15:36):
Crax or trou on the plane please, I would not
like to be sending in next to Harry Legs. And
here's the safety aspect, turbulence and hot drinks. Good question
one imagines the Addidask marketing department of telling the all
Blacks what to wear as a group. I agree they
don't look the best, but the millions spent per year
that Eddidask pays gives them the right to say and yeah, no,
fair cool. I mean, there's nothing wrong with it. It's
not a major, but it's it's just an interesting thing

(01:15:59):
that I pondered. As said at the Aport last week
in twenty three.

Speaker 15 (01:16:01):
To nine, International correspondence with ins and Eye Insurance Peace
of mind for New Zealand business.

Speaker 23 (01:16:07):
When we go into good morning, Good morning, Mike, great
to speak to you.

Speaker 3 (01:16:12):
How'd you go with old Trump? And has melt down
and everyone's a tosser and a loser and an idiot
and Spain. I mean, what a die?

Speaker 23 (01:16:20):
I Yeah, I've never heard the word scum used at
a NATO summit before, but here we are. Look he's left,
he's gone, and NATO still exists. And the phrase the
buzzword all week has been a stronger Europe in a
stronger NATO. And people are quite happy because they managed
to get out of Dodge basically without any kind of

(01:16:42):
major hand grenades going off. So I think everyone can
breathe easy. But it's been an interesting week, it really
really has.

Speaker 3 (01:16:48):
And did Stama look like a shagun a rock?

Speaker 23 (01:16:52):
Pretty much? Look yesterday's man. He's out of that job
in eleven days time, and they gave him very very
little time. He brought together a caution of about twelve
countries who are going to chip in some cash to
get a new missile defense system in the twenty thirties.

(01:17:13):
But like, let's not kid ourselves. People won't even remember him. Then,
look they're spending more money, which is what Trump wanted.
And ultimately I think Trump has kind of brought your
closer together, which maybe he wanted that, maybe he didn't.

Speaker 3 (01:17:26):
Yeah, No, it's an interesting observation and one of his
effective strategies. Of course, when he went at Green Land again.
Did it hit the same vibe as it did the
first time? I mean the first time everyone freaked out.
But I mean surely we've played that record once too often,
haven't we.

Speaker 23 (01:17:39):
Yeah, look, people are bored, and I think taco was
the phrase that kind of jumped everyone's mind. Trump always
chickens out. Yeah, he had to go with Denmark. He
reserved unbelievable fire for Spain. He absolutely hates Pedro Sanchez
and Spain because Spain are really decent. I mean, they
believe in democracy and diplomacy, people getting Yeah, and that

(01:18:03):
was enough for him to announce that they won't do
any trade down. So Paine's a fantastic country and they
will be in NATO forever and the European Union forever.
And people always go to span the state country.

Speaker 3 (01:18:15):
Yeah, exactly a couple of things about how Molly've been
an anchoror so farage has quit. He'll unquestionably win't collecting.
Question is does he wint collect him before the inquiry
or do they have an inquiry? And if he gets pucked,
do they have to go again. I mean that's problematic,
isn't it.

Speaker 23 (01:18:29):
It's an absolute farce. Yeah, I'm sure he'll win wint
Acton only because Labor, the Conservatives and the Liberal Democrats
are not putting up a candidate. So you're in a
ridiculous situation where it'll be Nigel Forrage. The Green Party
are saying they will put someone up and then you
will have count Binface. This guy who dresses up as
a character would have been over his head. He's actually

(01:18:50):
quite a smart guy. I heard him interviewed on Sky
News a couple of weeks ago in the the Andy
Burnham by election, and that's it. So if Forrage thinks
this is helping democracy, and he says he's never taken
any cash from the UK taxpayer, it costs about two
million dollars to host a by election. Yeah yeah, Look
but I think he's toasted. I think people have had
enough of him and this kind of charade of saying

(01:19:11):
that the people of Clacton will decide his future and
not the establishment. The rules are there for everyone, Nige'll
just play by them.

Speaker 3 (01:19:18):
Yeah, speaking of charades, this hairy thing, you may he've
hit a bed time. Hasn't he arrived in the country.
You can't That dead's house and he's been paying the
legal bills. Mess and who pays for.

Speaker 23 (01:19:26):
That well, as I always call him Britain's least happy multimillionaire.
So there is a big bill coming in the region
of one hundred million en Z dollars for Harry and
Hugh Grant and Elton John and look, Elton could square
this off with loose change, but ultimately it won't be
the publishers of the Daily Mail. There will be a

(01:19:48):
decision at the end of July. But I think Harry
has kind of torched his legacy in Britain. This is
possibly the final act.

Speaker 3 (01:19:56):
Yeah, it's very sick and they're not going to make
him and dead and I'm reading this morning, You're not
going to make it. There's something tragic about there, doesn't they.

Speaker 23 (01:20:04):
I think it's sad when you look at the age
his dad is that and there are two beautiful little
grandchildren in California that could have happily come back to
England this week and met their granddad. And I don't know,
it's just a very dysfunctional family. And yeah, oh look
you just as a Christian, I would just say, hand
on heart, you wish them well and you hope that

(01:20:25):
they can find a way around it, because time is
the most precious gifts we.

Speaker 3 (01:20:29):
Have is the guy's name, Fiery the British gun. So
here's my question. Here's my question though, if I mean
he's done, it's no one thought he was going to
get the godless and fantastic. That's great if he got
to the final. What's bigger a brut winning Wimbledon or
England winning the World Cup.

Speaker 23 (01:20:50):
England winning the soccer World Cup all day long. Look,
Wimbledon will be forever to preserve of the white middle
class in England. But I think in terms of engaging
the entire population and everyone, everyone just I dug out
something the other day. I met Jeff Hurst a few
years ago. The guy scored the hat trick in nineteen

(01:21:11):
sixty six, and he gave a picture and I've cherished
this beauty. I showed my children the other day him
scoring the winning goal in nineteen sixty six, and he
signed it to me, and I showed it to my
children and I just said, you know, it's a long time,
sixty years. I just don't think there's the same fervor

(01:21:31):
behind Wimbledon. Because Andy Murray won, nobody really cared very much.
I think if they beat Norway Saturday night into Sunday
morning in your time, they will go very very close
to winning this.

Speaker 3 (01:21:42):
Here's my so, my heidris a Grigg. He would know
as much about football as you would. He says, if
England can beat if England can beat Mixico at altitude,
Norway is no problem at sea level. Would agree with
that or not?

Speaker 23 (01:21:57):
I think if they can handle Holland uh And he
is such an extraordinary character. He needs one touch of
the ball and it goes in the net. I mean,
he's just an obscene talent.

Speaker 11 (01:22:11):
And I love him.

Speaker 23 (01:22:12):
I love how hard he works, how hardy trains. If
they can handle Haland they can handle Norway.

Speaker 3 (01:22:17):
It's amazing. Now I've got you in a bar. I've
got you to liven thirty at night in Ancora, and
you're playing your planes? What three four hours ago? So
are you catching like a two or three in the
morning flight?

Speaker 23 (01:22:28):
Yeah, I'm on a plane in four hours time. I'm
in an Irish bar. It's called dove Ling, which is
the ancient Irish name for Dublin.

Speaker 11 (01:22:36):
Dove Ling.

Speaker 23 (01:22:36):
Dove means black in our language. Ling is a pool
or a lake, and originally when the Vikings came they
call Dublin dove Ling because the estuary of the River
Liffey looked like a black pool. So yeah, dove Ling,
I'm in this Irish bar in Anchora and it's been
a long week. It's been a long week, Mike. But
forgive me letting the hair down from you go for.

Speaker 3 (01:22:58):
God, what what are you playing for a pint? And
ancheror say Turkey is cheap. I've never been to Turkey.
That SA's cheap?

Speaker 19 (01:23:02):
Is it?

Speaker 23 (01:23:03):
I'd say it's about eight dollars fifty and z it's
pretty decent. It's better in London anyway.

Speaker 3 (01:23:10):
That might be exactly did right? Fly well maple ketchup
next week. Appreciate it very much. End of Brady, who's
been an anchoror for Noto Anders currently at Doubling. It's
already see that's that once again. Stuff you didn't know.
The mic Hosking Breakfast Stuff you didn't know eight forty five.

Speaker 2 (01:23:28):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio.

Speaker 1 (01:23:32):
Howard By News talks at b.

Speaker 3 (01:23:35):
Speaking that part of the world. By the way, family
holiday packages to buy an Egypt cheaper the summer for
people going on holidays so you can get to the
UAE at the moment twenty five percent off this time
last year. Egypt's eight percent cheaper, Spain, Portugal, Greece, Turkey,
et cetera, up somewhere between three and five percent. Mike,
what are your thoughts on Chippy not committing to capping
council rates. It'll be yet another thing that we'll see

(01:23:58):
him lose the election. They so all the things I
haven't mentioned this morning. I mean, you bought witness by
this stuff already. I mean it's like, so someone gives
you a bit of cheap soul, or somebody else gives
you a slightly different version of cheap solar, and that
whole thing thing that caught my attention yesterday with labor
announcement community batteries. Nothing community ever works, ask Kevin McLeod,
Grand Designs. Kevin McLeod had this idea that you'd have

(01:24:20):
a little community and you'd have some private homes and
you have some rental homes, and you have some social housing,
and everyone would have a garden shed and you'd go
share the tools on the garden shed, and there'll be
a community car and you'd all share the car and
it's you know, all altruistic nonsense. It never comes to anything.
By the way, I thought to myself earlier this week
when I got this from Greg the email in Auckland.

(01:24:42):
If you're in Auckland this weekend, there's some American football
being played New Zealand versus Australia in under sixteen, under
eighteen cults and the men's grade Trust Arena which is
out west. So if you're into your American football and
you want to have a crack at that, I'll go
for the old. And that's before I get to MALEA
made of mine's currently in Kazakhstan, and he drove six

(01:25:07):
hundred event filled kilometers today in a rental car. Now,
my rental car experience wasn't a good one because they
accused me of stealing it. But his broke down after
one hundred and sixty two k's and they had to
sit in thirty six degrees for three and a half
hours waiting for a replacement. They don't speak Russian, obviously,
they just like to drive through far flank countries and

(01:25:27):
hope for the best. Anyway, they did get a replacement,
but he saw something I thought was really interesting more
in a moment ten to nine.

Speaker 2 (01:25:34):
The Mike Husking Breakfast with Bailey's Real Estate Newstalk ZEDB.

Speaker 3 (01:25:38):
He says, the scale of the machinery and labor being
thrown at improving infrastructure and what is a pretty impoverished
country is mind boggling. But not as or inspiring is
the money in construction and effort being thrown at what
we see endlessly for massive scale lakeside resorts, new communities
and golf courses. Twenty four cranes on one site, construction
worker is still going at nine o'clock. While it's got

(01:25:59):
it issues. It feels remarkably similary rights to China around
the late nineties when the government put the hammer down
on deep infrastructure investments, creating whole new cities to lift
a nation and bring people from the rural region. So
that part's encouraging. But then he says this He's originally
from the Hawk's Bay, so he knows about fruit. He says,
We've never had better nectarines and peaches anywhere in the

(01:26:21):
world than here. The size, flavor, and texture are remarkable.
I'm still trying to get my head around how you
get such quality growing at sixteen hundred and fifty meters altitude.
As this country progresses to more intensive and modern orchard
systems while working on its national brand, it will become
a keen competitor to other nations. Oh wow, way a
very nice I e us, So, who do I talk

(01:26:43):
to about that? Because I just don't know that Kazakhstan
is on our government's radar? Should I talk to LUSO
about it? On Monday? I've got probes all over the world.
I've got my people in the field.

Speaker 11 (01:26:53):
You could come in in a mankini and then he
would ask why you wearing a mankini?

Speaker 3 (01:26:58):
And I also glad you are funny would say that
I should say, actually.

Speaker 12 (01:27:03):
What is it?

Speaker 3 (01:27:03):
Five aways chmill colored me and maybe six away from nine?

Speaker 2 (01:27:09):
Trending now with Chemist Warehouse keeping Kiwi's healthy all year round.

Speaker 3 (01:27:14):
He goes, that looks a bit pasty.

Speaker 19 (01:27:16):
What is that.

Speaker 1 (01:27:18):
Trending now? With Chemist Warehouse your one stop shop this winter?

Speaker 3 (01:27:24):
Stop Emmy nominations?

Speaker 7 (01:27:26):
What have we got?

Speaker 3 (01:27:27):
Stranger things? Has got some fourier etheria thoria euphoria. That's right,
the pit they got twenty five.

Speaker 1 (01:27:37):
The prodigal Sun returns to your one trauma Eta six
minutes and so.

Speaker 9 (01:27:45):
It begins.

Speaker 17 (01:27:47):
You guys do this every day.

Speaker 12 (01:27:50):
We're lucky.

Speaker 1 (01:27:51):
If we're lucky.

Speaker 3 (01:27:52):
Widow's Bay nineteen, Pluribus eighteen, Season two of Beef sixteen,
The Very Good DT Saint Louis thirteen. None of these
shows I've seen. I know, none of these shows anyway.
Hecks twenty four Norms, Oh God, look at this.

Speaker 1 (01:28:13):
Riden Now now I was there a dad.

Speaker 12 (01:28:18):
I have been told that I cannot so much as
perform one single joke.

Speaker 3 (01:28:22):
All right, we'll go to jail. You know, when you're
away from the spotlight, do you have time to think
about what really matters?

Speaker 8 (01:28:31):
Now?

Speaker 3 (01:28:34):
The Spotlight, I would draw and apologize dt if Saint
Louis sensational Jason Bateman, I was getting confused with Black Rabbit. No,
dt IF Saint louis absolutely brilliant, dark but brilliant. Anyway.
Glint said earlier that you get Hecks on HBO Max,
which isn't true. It is true if you're not here,
but we are here, so there's nothing we can do

(01:28:54):
about that.

Speaker 11 (01:28:55):
Are any of us really here though?

Speaker 3 (01:28:56):
Are we really here? Controlled by NBC Universal, so they're
not on the local HBO Max library. That's why Glenn
vp ind it even though, we're not sure that you're
allowed to say that your VP ind it, but Erica
will take care of that. Don't worry about it. You
can get all five of seasons though. On hay You,
Hey you who thought of that? Honestly?

Speaker 11 (01:29:15):
Hey you?

Speaker 3 (01:29:16):
I mean, what a stupid name. Anyway, the subscription you
buy through Prime, so Prime is Amazon and they're not
calling an Amazon anymore, is that right? So Prime it's
a subsidiary of Amazon. So Prime is a Prime Videos
as a subsidiary of Amazon. So you go to Prime,
and then you go to.

Speaker 11 (01:29:34):
Hay You, and then presumably once you have subscribed to
all those things, they'll appear on your Apple TV.

Speaker 3 (01:29:39):
Whatever and you pay eleven dollars and you get your hacks.
It's no wonder your VP ind it.

Speaker 12 (01:29:45):
Mate.

Speaker 3 (01:29:46):
I would have too if I knew what a VPN was.
I mean, that's just ridiculous. Towns will supercars if you're
into your supercars and the abs and late late for
the Warriors ten o'clock. I mean, come on, I'm I'm
in Malwesie at ten o'clock and I'm not on a plane,
just in Melwesie. Anyway, you have a good weekend, and
we'll see you Monday, as always, Happy Days.

Speaker 2 (01:30:12):
For more from the mic Asking Breakfast, listen live to
News Talks at B from six am weekdays, or follow
the podcast on iHeartRadio

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