Full Show Podcast: 09 September 2024

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Episode Transcript

Speaker 1 (00:00):
Big news, bold opinions, the Mic Hosking Breakfast with the
Jaguar f base cut from a different class news togs.

Speaker 2 (00:09):
Edben morning and welcome today. The police are really with
the lemon homicides and the month of your Blacks. Have
a few of us a little bit angsty over the
old win loss record of the Labor Party are trying
to start a tax debate, and the lads are and
the commisary box after eight are Richard Arnold and Karen Gilbert.
Is the internation of bus missus wicks PASKI. Welcome to
the new week seven pass six. The Bloomberg New Energy
Finance people have issued a warning to Australians and in

(00:31):
that warning is the reality basically of the whole world.
To reach the climate target that Australia set for itself
by twenty thirty i e. About five years away, they
will need to increase the share of renewables that feeds
the power grid by eighty seven percent, not eight or
seven eighty seven. Obviously they're not going to do it.
It reminded me of our New Zealand's call the other
week in dropping some of their climate targets. Reality came

(00:53):
knocking in Instead of lying or greenwashing their way around it,
they told the truth. And the truth is they can't
do it. Small clue. Neither can Australia. Neither will the
United States or China, or India or Brazil or any
number of other major polluters who either can't or won't,
which then brings in the age old question, doesn't it
How hard should a country like ours try to do
something that will, in all reality make no difference. Now,

(01:14):
up to this point, I've largely argued we should at
least try, and we should be seen to be trying
and be seen to be doing our part. It's good
to be a good citizen, to be on the right
side of history. But as each day passes, and each
report is produced, and each alarmist utterance issued by people
like a terrace at the UN about the world burning,
as problematic as the environment might be, it's increasingly clear
a lot of people will not be walking the walk old.

(01:36):
The talk was easy, The rest is falling by the wayside.
It's like the twenty twenty argument. Remember that turned into
a farce. How different everything would be by the time
we got to twenty twenty, until, of course, it wasn't
twenty thirty as the next twenty twenty in Australia, our neighbor,
one of our biggest trading partners, needs to boost the
renewables by an amount they are simply not able to. Obviously,

(01:58):
the argument will be repeated as we reached the famed
Paris twenty to fifty tagging. So if we can, but
it counts for nothing. Should we? If we pay an
economic price for doing the right thing while others don't,
should we?

Speaker 1 (02:14):
News of the World in ninety.

Speaker 2 (02:16):
Six couple bides riding in Britain as well over the weekend,
the new government trying and still struggling really to justify
the accoutting of heating payments to pinchoners. Their own Health
Minister isn't convinced.

Speaker 3 (02:25):
I'm not remotely happy about it, and I'm not remotely
happy about having to save some of my constituents. I'm
sorry that I'm going into work this week to vote
for something that will take money away from you.

Speaker 2 (02:36):
Ah The Unions of Widen with the idea that a
good old tax rise might help.

Speaker 3 (02:39):
Why do those who get their income from shares and
from property pay a low rate of tax than those
who out to work every day, how can we tax
wealth effectively?

Speaker 2 (02:47):
In this contact, which leads us to the Tories who
are linking tax increases to health waiting lists.

Speaker 4 (02:52):
For report, I fear is cover for the Labor Party
to raise our taxes in the budget in October. And
we need to have a grown up conversation about the NHS.
But this is not the way to go about it.

Speaker 2 (03:04):
Ah, Yes, the NHS. Are they going to plan to
drop the waiting time to eighteen weeks? You know one
thing that works is what's called elective hubs. These are
places that just do elective surgery.

Speaker 3 (03:13):
Now we know they're twenty percent more efficient, but we
just don't have nearly enough.

Speaker 2 (03:17):
We need twice as many of those if we're going
to meet that target. Then had a lot of interest
in the legal move to prosecute the father of the
Georgia school shooter. Many people are in the country, they're
fed up with these types of shootings.

Speaker 5 (03:28):
They wanted to turn So if the.

Speaker 2 (03:30):
Does come flow through looking for to prosecute the parents
who are giving access to guns to their children, then maybe.

Speaker 6 (03:37):
That's one way to do it.

Speaker 2 (03:38):
And it's debate week Wednesday our time, of course, Trumpet
Heiri's the only one officially lined up. Actually, there's only
one debate coming anyway. Some questions around how Harris defends
her moving smagas board of policy ideas.

Speaker 7 (03:49):
Does she still think Afghanistan was a success? Does she
still want to take away Guess powered cars? Does she
still support the ninety three trillion dollar Green New Deal?
She still want to take away your health insurance?

Speaker 2 (04:03):
Finally, the latest influencer health fad that's got the medical
field a little bit worried. It's a new health ritual
of drinking dead bacteria. They calling it post biotics. So
influence's climate improves digestions, can health and even helps with
weight loss. Doctors say, well, that's crap. It could damage
your gap function, calls vowel issues, and if you have

(04:24):
a healthy diet, you're already producing anything good that might
come from post biotics in the first place. Some that's
near to the world of ninety zecond quick up day.
By the way, when Joe was on the show Thursday
from Italy, she was telling us about mister Shan Juliano,
the culture minister who had a girlfriend called Bokia. He's
been on television over the weekend and Tea is crying, resigning, crying,

(04:45):
crying and resigning, also on television, crying, apologizing to his wife,
apologizing to Maloney. Maloney initially rejected his first offer of resignation.
She's been busy filling her Instagram account with pictures of
herself accompanying San Juliano to farious events. A guy called Bonelli,
who's the Green europe Party head, he filed a complaint
to the police. The audit Court is involved in it,

(05:08):
so the whole thing's a mess. Maloney's gone on X
called him a capable person and an honest man. I
have no idea why she did that. And a guy
called Julie who is the head of the Contemporary Arts
Museum has now got the job, so that particular scandal
is sorted. Twelve Pass six.

Speaker 1 (05:23):
The Mike Asking Breakfast Full Show podcast on aheart radio
powered by News Talk.

Speaker 2 (05:29):
Zip Meantime in Venezuela, they got a bunch of the
opposition in the Argentine Embassy hunkered down while the security
forces Venezuelan and security forces surround that particular facility. Gonzalez
has hopped on a military plane and he's scarped to Spain,
so that continues to unfold with increasing pace. Actually fifteen
past six Devin Funds Management, Monday morning, Greg Smith, morning

(05:54):
to you morning. Right, jobs, how'd they read them in
America on Friday?

Speaker 8 (05:59):
Not so well from markets perspective, So these and ple
was down one point seven percent. So you look, we
saw the panic attack at the start of August that
you know, there's been worries about a hard economic landing
and the rate cuts will comes too late, and those
fears sort of resurfaced on Friday. So the US economy
created one hundred and forty two thousand jobs in August,
so you had the good news that was more than
what the labor force expanded by. It was up one

(06:20):
hundred and twenty thousand. But your job editions were up
from the revised eighty nine thousand and July, but twenty
thousand short of consensus, and that was the important thing.
Construction that was pretty strong, healthcare that was pretty strong.
Manufacturing lost twenty four thousand jobs at squares of the
slow down we're continuing to see there, but significantly as well, Mike.
The previous two months saw substantial downward revisions, and this

(06:41):
has been a bit of a theme. July that was
cut by twenty five thousand. June was cut by sixty
one thousand. So the jobs market's definitely calling. And the
interesting thing a job creation there has been has tilted
towards part time positions. So you look at the unemployment
rate that was four point two percent, that was pretty
much as expected, but look at the real unemployment rates
the people that are holding part time jobs but they

(07:04):
want to have full time ones. Discouraged workers that was
seven point nine percent, so highest reading since October twenty
twenty one. Wage growth that was up point four percent
on the month, So what does that all mean? What
just confirms that head of employment markets calling. We saw
last week other data showing the hirings at the slowest pace,
heading back to at least two thousand and five on

(07:26):
annual basis. Now Yellen Treasury Sextuary former Fed she issues
over the weekend reassuring some economy is still healthy, still
heading for a soft landing and lafts on board base.
So it probably means the feed is going to go,
of course on a rate cap next week. The market
is saying it's going to be a close call, whether
it's a quarter of percent or half percent. Trim are
probably going to need to more seven more data, and

(07:48):
we are getting That've got producer price and consumer price
inflation data this week.

Speaker 2 (07:52):
Okay, do we need to freak come out of chip
makers or not?

Speaker 8 (07:55):
Well, you've talked before, how you know, obviously past technological
innovations are often estimated in the short term, and we
might be getting this again. I mean, CHI stocks have
obviously been on a tag a bit in video. They've said,
you know that demands exceedingly robust, but they've also said
that gross has been slowing down. And we had another
report last week saying that chip sales were down eleven

(08:16):
percent a month a month in July. We had further
evidence of the slowdown and the chip sector on Friday.
So you got a broad com they produced several parts
are required for data centers also used in AI infrastructure,
and they beat estimates, but it was their guidance which
really alarmed. So foteen billion in revenues what they're looking
for for the fourth quarter. It was fractionally below estimates.

(08:37):
But yeah, the mark had a big reaction. So she's
a six and forty billion dollar chip maker. They fell
ten percent. Stocks still up sixty percent. Over the past year.
They reckon They were in about twelve billion in sales
from AI parts. That was up from a previous forecast
of eleven billion. But yeah, the market sort of left
wanting more. So just a reflects the amount of I
suppose expectation that's built in too, TIP related stocks and

(08:57):
particularly AI ones in video that was down four percent
on Friday. That was fourteen percent love for the week,
worst weekly performed since team betweeny twenty two. It still
we ended up worth around two and a half trillion
dollars there thereabouts, but it has worn twenty five percent
from its peak levels this year, so there has been
a bit of a reality check.

Speaker 2 (09:15):
They might indeed give us a quick word on housing
in the UK.

Speaker 8 (09:18):
Housing is up, so that's strongest anial growth since they've
been betweenty twenty two. Of course, the banking aid cut
rates at the start of August, so you've got mortgage
approvals doing pretty well. That the high sleven almost two years.
Not so good in the continent. GDP growth spended by
just two percent point two percent there in the second quarter,
up just point six percent from a year ago. Jimmy,

(09:40):
the Block's largest economy growth negative negative point one percent.
That was down from point two percent. And that's your production,
that slub two point four percent. Automotive secdown that production
fell by eight point one percent. So inflation is under control.
There might plenty of room and plenty of reasons for
the ECB to go game with the rate caut when
it meets late this week.

Speaker 2 (10:00):
Give me some numbers.

Speaker 8 (10:02):
Yeah, so we're a week. On Friday, the Dow was
down one percent, forty three four five s and p
Fivening down one point seven percent, down four point three
percent for the week. That was the worst week since
March twenty twenty three. There's that down two point six percent,
foot Sea down point seven percent, Nike down point seven
percent as well, ASEX two hundred a bit more positive
up point four percent, eight zero one three NZ fifty

(10:23):
We were down half percent, but we were aut one
point three percent for the week twelve sixty one five
goal down nineteen dollars two four nine seven one ounce
oil down on dollar fifty sixty seven spot sixty seven.
It's the lowest since late twenty twenty one for all
and the currency market's key week sixty one point eight
against the US down point eight percent, up slightly against
Ozzie ninety two point six. We were down against Stealing

(10:46):
forty seven point one. This week, we've got the US
inflation at ECB, we've got Ossie business and consumer conference
numbers we're earning tomorrowcle and we've obviously the great debate
locally manufacturing data, food inflation card spinning. Also on that note,
half year results from.

Speaker 2 (11:01):
Brisco's look forward to it or go well, make apreciate it,
Greg Smith, devon funds management yield curve, yield curve, it's
gone inverted, gone normal, three seven nine, three nine to one.
What on earth does all of that mean? If you've
got an inverted yield curve? This is the This is
the two year versus the ten year swaps. This is
the wholesale interest rates. You want a number lower at

(11:21):
two years than you have at ten years if it's inverted.
In other words, the two years higher than the longer.
That's not good. Often leads to recession. That's where we
have been as of Friday in this country. It flipped
three seven nine versus three nine to one. We're on
our way to brighter days six twenty one. Here at
News Talks EDB.

Speaker 1 (11:47):
The Vike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (11:52):
It be quite the head of steam in America. Building
over this potential cut is at twenty five or fifty
fifty always indicates to me they cocked it up. And
Joe Stiglitz, who won a Nobel Prize for economics, seems
to agree with the general theory that they'll need to
go a half point because they went too hard in
the first place. But we shall wait and see. Meantime,
the French are all angsty over the weekend. Do the
French do anything over the weekend apart from protest just

(12:14):
as a general thing? Do they ever go out and
have a good time or do they just protest? So
last week Macron decides barneyer as yu Man to be
Prime Minister and tasks and with trying to form some
sort of government or the Left leenas led by Jean
Luke Mechan, they say completely unacceptable. There were one hundred
and thirty protests over the weekend all over the place,

(12:34):
dot matter where you were in France. Over the weekend,
there was a protest to be found protesting the appointment
of Barneo. So they don't have a government. They don't
like that. And when they do get a government, or
get a bloke who can give you a government, they
don't like that either.

Speaker 9 (12:45):
Sex twenty five trending now as the home of Big
Brand cosmetics.

Speaker 2 (12:50):
Now college football US college football. It's week three of
the season. We got an upset for the ages, the
Northern Illinois Huskies. They're playing the Fame notes for Dame.

Speaker 10 (13:00):
Them sixty two yarder snap hoo jeus kick that's fuck,
it's fucked.

Speaker 11 (13:05):
It's like picked up by you.

Speaker 1 (13:07):
The Huskies has done it, the Buskies.

Speaker 9 (13:10):
But the biggest upset and IU this street, n IU sixteen,
Notre Dame fourteen.

Speaker 10 (13:17):
The football gods we're shining down.

Speaker 2 (13:20):
And you andy guy, see who's the longtime voice of
the Huskies. And it was a bit much too for
the head catch Thomas Hammock as they got the team's
first ever went against the top ten opponent.

Speaker 12 (13:29):
I'm so proud of our kids, the coaches, to everybody.

Speaker 13 (13:35):
They believe.

Speaker 14 (13:37):
Hey, they believe, and we came there.

Speaker 2 (13:40):
And got it done.

Speaker 12 (13:41):
They listened to what I said. I told them all
week we don't need luck. We just gotta be our best.
And there was their best today and we were able
to get it done. You know, no matter the situation,
I just could be more proud. I'm sorry, I'm sorry.

Speaker 2 (13:59):
Fantastic. So that's college football. As regards the NFL, which
has also underway, got underway over the weekend. Tarrek Hill
was one of the biggest names in the game plays
for the Miami Dolphins. He's last time I saw him,
which was about half an hour ago, lying on the
ground outside as McLaren on his way to practice or
the game as it will be today, and there's several

(14:19):
cops on top of them, and I'm thinking he's probably
going to be late. So we'll get the update from
Richard Arnold shortly. I'm sure you're up with Dick Cheney
over the weekend. He's going to be voting for the
one that isn't the Republican. And I've got some good
news if you missed it. Rfk, who I told you
last week, was still stuck on the ballast in a
number of swing states. They went to court over the
weekend and they've got them pulled so he will not

(14:41):
be on the ballot. In North Carolina and in Michigan,
courts ruled that so that's very good news for Donald Trump.
So we're prepping for the big debate this week. Wednesday,
New Zealand Time Richard Arnold with more after the News,
which is next terror news talks he'd.

Speaker 1 (14:54):
Be demanding from the decision makers. The Mike Tasking breakfast
with Bailey's real Estate. Your local experts across residential, commercial
and rural news togs had been.

Speaker 2 (15:07):
Mike Anny updates on the Manrooa. Maria de Barcle Steve
are The announced last week that they wanted more time
to continue the investigation. Got quite a bit of polling,
by the way, some out of America, I'll give you shortly,
but a couple out of australiakering Gilbert with us after
run eight thirty this morning. This is a News limited poll.
Labours down to twenty four percent in Queensland twenty eight
and Victoria thirty two in New South Wales. So the
government in trouble on a two party preferred labours being

(15:29):
pansed by the coalition in Queensland fifty seven forty three,
fifty two to forty eight in Victoria, New South Wales
it's tired fifty to fifty. So some more numbers on
that actually in the moment twenty three to seven. Now
back home, we got the old land confusion debate that's
alive and well in rural in New Zealand at the moment.
We've got a warning from AFCO as in the meat
process is that jobs will be lost, plants will be
shut due to declining livestock numbers. We're expected to be

(15:52):
a million lambs short this year. So why well, because
land's been converted of course to pine trees. Federated Farmers
Meat and Will Industry Group Chairtoe Williams is with us
on this Toby Morning to you of all the stuff
that's been talked about in rural New Zealand at the moment,
this conversion to pine trees and stuff. How big a
deal is it?

Speaker 15 (16:09):
Oh, it's a pretty big deal. We've been talking about
it for about four or five years now when we're
starting to see the consequences of what we've warned about
going unchecked pash tests we had under the previous government
and the consequences will have on rural New Zealand.

Speaker 2 (16:22):
Here's your problem, though from all the reading I did,
and I did, there was a report out last week
the money's not there for sheep. It's not there for wool,
it's not there for meat. It is there for trees.
So why wouldn't you convert to trees?

Speaker 15 (16:32):
No, exactly right. If you're a landowner, you're going to
do the best for you and do the best for
your noted for your return, so there's no creditors as landowners.
The criticisms that we have around government settings that are
favoring short term carbon over long term prosterity, it's part
of New Zealands. Look, we don't look far enough in
the future. We just put a branded on everything.

Speaker 2 (16:51):
Here's the problem I read in this report from last week,
and that is the community aspect of it. Once you
plant a paddock full of trees, no one's coming to
town anymore, are they.

Speaker 15 (16:59):
No, that's you know, your bike shop, your events, all
those people who service industry, who services are all sector
aren't required thirty years until you start harvesting. And even
then the job numbers are less because you're only need
the handles for people actually in that area to harvest
those trees now with modern machinery.

Speaker 2 (17:15):
So what's the answer. I mean, you talk about the government,
but do you see any lights at the end of
the tunnel for the price of wooll of the price
of lamp Yeah, I do.

Speaker 15 (17:23):
I think probably we're probably another eighteen months away plus
from the price of lamp wall. Slowly sort of getting there,
but I mean the horse want to bolt with you already.
We're seeing the really great things over the weekend of
companies of the airshilters and Union Lever using ball and
air filters. Yep, but it's all good, but it's not
using the volumes that we need, so we need it
faster and no, Minister Patterson as dead keen on having

(17:45):
it by five dollars the end of the year. But
we're not seeing too much to progress that at the moment.

Speaker 2 (17:49):
And as far as lamb's concerned, what's holding that down?
I mean the lamb we make at the top end
of the lamb tree, it's the best in the world
by a mile.

Speaker 15 (17:57):
Yeah, And as there's a couple of things there, there's
slow down in China. Who aren't they as much sheep
think as they were. But I've also got Australia, Australia
producing record numbers of it. They always staughtering record numbers
of lambs at the moment, so there's just too much
seat beat in the world.

Speaker 2 (18:10):
But that's crap lamb though, isn't it. We all know that.

Speaker 15 (18:13):
Well, it's different to what we have. Are very good,
but at the end of the day, it's a competing protein.
If you can buy tuper proting somewhere else.

Speaker 6 (18:20):
You do.

Speaker 2 (18:20):
I guess. So what about companies like Brimworth who are
trying to spook wall and then you've got the fine
wall market. Does any of that getting any traction? Is
that working?

Speaker 6 (18:28):
Yeah? It is.

Speaker 15 (18:29):
I mean Brimworth for us are really really incredible. They're
showing some grand leadership. You're paying more for their wall
and wanted to their wall with to growers and said,
here's a contract. You know, we'll guarantee you a minimum.

Speaker 6 (18:41):
Price and we want your business.

Speaker 15 (18:43):
They're targeting that high in New York market. Everybody wants.
Everybody wants to click crack flooring in their houses, but sorry,
it echoes and you need beautiful wall.

Speaker 14 (18:52):
Us doing in Rugby on there so.

Speaker 2 (18:53):
Brilliant exactly where to see. The counter problem that you're
facing is of course this business of it's it's it's
super call to plant trees because we're saving the world.
I mean, how do you how do you counter.

Speaker 6 (19:03):
That, Well, that's there.

Speaker 15 (19:05):
You know, you can save the world from little old
New Zealand, or we can you know, we can look
at it to have a mosaic of land news. Prietaries
are important. We should be integrating them into the landscape
as opposed to whole catcher and planting. And we've seen
the consequences of you know where we've plant always the
white cat which has done on these toasts.

Speaker 6 (19:22):
We've seen the consequence as a poor quality harvesting.

Speaker 15 (19:25):
And also we're seeing the lack of forthort about having
a use that smber into the future. We've got mills
closing all over the place because you know, we're not
producing anything the world needs anymore.

Speaker 2 (19:34):
No, it makes sense to me. Toby go, well, appreciate
it very much. Good and so Toby Williams Federated Farmers
Meet and will Industry Group Chair. He's good, isn't he plan?
Like him? Nineteen minutes away from seven hust get the
pole out of Australia. The Greens this morning on thirteen percent.
This is a resolve pole Green's on thirteen one nation
on six of the independence on twelve they're really taking
off the independence. It's a thing I'd like to see

(19:54):
in this country, though I don't think it's going to
ever going to happen. Twenty eight for labor. That primary
vote for labor is the lowest since the Resolve polls
began in twenty twenty one. If your preference it they
get up to fifty one percent on the preferences of
last time. Preferences of this time they're only at forty nine.
The Coalition wins fifty one to forty nine. So the
upshot of all of those numbers is the government are
in deep trouble. Eighteen to two The.

Speaker 1 (20:17):
Mic Hosking Breakfast Full Show podcast on iHeartRadio powered by newstalksp.

Speaker 2 (20:22):
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(21:07):
This is business borrowing made easy. Eligibility criteria, landing criteria,
teas and season fees apply. But to see the good
people at Kiwi Bank, at Keiwi Bank, Fast Capitalsky, Mike,
farmers are always good. We live in the real world.
That's true, Mike. You need to get verdie on. They've
developed a way to measure soil carbon. If soil carbon
is brought into the ets, sheep and beef farming financially
competes with pine trees. It's the savior to our land.

(21:30):
We are going to follow that up today and we'll
come back to you tomorrow.

Speaker 9 (21:33):
Six forty five International correspondence with Ends and Eye Insurance
Peace of mind for New Zealand business.

Speaker 2 (21:39):
Cardwood to damand morning, Hey, Mike, Mike's muted was standing by.

Speaker 16 (21:44):
Two days of the big debate. Yes, stakes could not
be higher. A New York Times poll out today shows
Trump ahead nationally over Harris by one point, forty eight
to forty seven. The Democratic surge that we've seen in
recent times has given way to this pause. In a CNA,
CNN Pollar polls out today, Harris is are here by
forty nine to forty seven percent. But none of this
really is a clear indicator, and neither is polling in

(22:07):
the various battleground states in a way that is persuasive.
In almost all of these places Wisconsin, Pennsylvania, North Carolina, Nevada, Michigan, Arizona, Georgia,
the mugin's about a point either way, except for Wisconsin.
With the polling is Harris a larger lead, but they
undercounted the Trump support last time, So Nick and Neck,
Harris says of her debate theme page, to move on

(22:30):
from the visit of government. She's saying, Harris met with
voters in Pennsylvania, where she's been camped out since last week, basically.

Speaker 13 (22:38):
Best prior debate pred so far.

Speaker 16 (22:40):
While Donald Trump is threatening to go after his opponent's
campaign donors in quote retribution if they play a role
in what he's already taking a possible election Steel and
he says, we're.

Speaker 5 (22:51):
Run by stupid people, stupid, stupid people, and.

Speaker 2 (22:58):
We found that out at the debate.

Speaker 9 (23:00):
Jill, how did that work out?

Speaker 16 (23:01):
So this could be the most important presidential debate in
the US of A well since.

Speaker 2 (23:05):
The last one.

Speaker 16 (23:06):
Right meantime, there are remarkable political terms almost daily. Former
President George W. Bush says he will not make any
formal endorsement this go around, so Trump not being backed
by the only other living Republican former president, and Liz
Cheney and her father Dick Cheney, who used to be called,
of course, Darth Vader by Democratic foes, now say they
will vote for Harris. In an interview today, Liz Cheney

(23:28):
says this.

Speaker 11 (23:29):
I've never voted for a Democrat. It tells you I
think the stakes in this election.

Speaker 16 (23:35):
She says also that if Ronald Reagan still was alive,
he would not be on the Trump train either.

Speaker 11 (23:41):
In her view, there is absolutely no chance that Ronald
Reagan would be supporting Donald Trump.

Speaker 16 (23:46):
And she says of Trump himself and his policies.

Speaker 11 (23:49):
He's not a conservative. The policies that we're seeing him
put forward, including you know, again on an almost daily basis,
this notion of embracing global tariffs, we'll choke off global
trade will likely lead us down the path that we've
seen before, for example, in the nineteen thirties, lead to
at that point it was a depression.

Speaker 16 (24:10):
Well, she calls Trump a deviant and says he would
bring quote catastrophe on the US if re elected. In
his statement, dick Cheney says, quote, there has never been
an individual who is a greater threat to the Republic
than Donald Trump. He adds, quote he tried to steal
the last election using lies and violence to keep himself
in power after the voters had rejected him. Who can
never be trusted with power again, so says dick Cheney,

(24:33):
who now says he too, will vote for the Democrats. So, Mike,
what next?

Speaker 2 (24:37):
Indeed, Hey, listen, I'm watching the video. So he's on
the ground and the cops are on top of him,
and they look at what happened.

Speaker 16 (24:45):
We don't fully know, but this is certainly stirring up
the start of the NFL season. Right before the Jacksonville
Jaguars versus Miami Golfin's name game and the Miami's best player,
Tyreek Hill was stopped at a traffic stop for some
moving violation. We don't know the details the police siders yet,
but a thirty year old Dolphins star was handcuffed and
forced onto the ground. As you say, police appeared to

(25:06):
scream at him. His agent Drew Rosenhaus is saying this.

Speaker 17 (25:09):
Apparently he got a ticket for moving violation entering the stadium.
How things escalated into the situation that they were in
handcuffs and being held on the ground with police mind
boggling to me. I'm deeply concerned by that very trouble.
We will be looking into it. We will be investigating this.
We will look out for Tyree.

Speaker 16 (25:30):
Like I say, make not all the video is released yet,
but there is said to be a clip showing a
police officer kicking Tyreek Hill. He was shaken but went
on to playing the game. This is a fellow who
was in the winning Super Bowl side Kansas City Chiefs,
and he's just in his third season with the Dolphins.
It was the top receiver in the league last season.
Halftime Dolphins trailing jag He was seventeen to seven, So

(25:52):
we don't know how much stat is are playing to
This brings to mind doesn't know what happened to golfer
Scotty Scheffer, the top rating golfer who was detained by
police watching to get to a PGA event in Louisville
a few months back. Police say they are investigating as
leaders see Wednesday.

Speaker 2 (26:07):
Mate Richard Arnold states, just on that poll, by the way,
which is the New York Times Ciena poll, so forty
seven forty eight. I mean, you know it's time. What's
interesting is the right track wrong track numbers. And you
go back to June, twenty two percent of people thought
the country was on the right track, which is not
many twenty two to sixty nine wrong track. It's now
up to twenty eight on the right track. So they're
thinking things are improving. If they think things are improving,

(26:30):
that would generally correlate with things improving for the Democrats camp,
because they are, of course, as we currently speak, in
charge of the economy. Night Away from seven.

Speaker 1 (26:40):
On my costume, Breakfast with the Jaguar f base news
talks eNB unprecedented.

Speaker 2 (26:45):
The heads of MI six and CIA over the weekend,
both countries stand together in resisting an assert of Russia
and Putin's war of progression in the Ukraine. What were
they talking about. They're worried about the global order under
threaten the way that we haven't seen since the Cold War.
This was a Financial Time event, our first ever joint
article written for the Financial Times by Sir Richard Moore
and William Burns, who had the MI six and the CIA. Basically,

(27:09):
there is no question they say that the international world order,
the balance system that has led to relative peace and
stability and delivered rising living standards, opportunities and prosperity, is
under threat in a way we haven't seen since the
Cold War. And I suspect they're probably right five away
from seven.

Speaker 1 (27:27):
All the ins and the ouse.

Speaker 14 (27:29):
It's the fizz with.

Speaker 1 (27:31):
Business fiber, take your business productivity to the next level.

Speaker 2 (27:34):
Now, I got to building numbers from stats n zenty
of this morning. These the seasonally adjusted volume numbers. Stats
remove the effects of price changed typical seasonal patterns. All
that stuff. June quarter eight point two billion worth of
building work, which is down zero point two percent compared
with Q one this year. Zero point two Does that
sound a lot, Well, it's the lowest volume of building
activity for a June quarter since twenty twenty, so it's

(27:55):
not good. And back in twenty twenty was all being
decimated by COVID. Of course, Residential building workers down zero
point seven percent to five point two billion, non residential
down zero point one to three billion. For the year
ending June, we did thirty six billion worth of building
work over the year, down zero point one competed with
last year. Residential was twenty three billion for the year,

(28:16):
down four point one. Non residential up, so that commercial
stuff and all that sort of thing seven point eight
percent up to thirteen billion. Cost increases were about the
same for both, up three point six for residential construction,
up three point seven for non residential. The important thing
there is that the prices are still rising, but they're
not rising anywhere near where they used to, so those

(28:38):
increases are slowly but surely coming under control. As well.
Eleven homicides in the last month. Do we get all
angsty about this? From and I'll talk to the police
about it in a couple of moments. From my cursorround,
I've never been fascinated by crime, so that pulking horn
thing is like every time I go to Greg at
the Headdresser. It's like and he says, literally literally everyone

(29:00):
is gripped by the Polkinghorn trial except me, but apart
from because the either did it or he didn't, and
the judicial process will sort that out. And that's about
as interested as I am in it. But nevertheless, I'm
a lone wolf on that. So anyway, eleven homicides and
we I mean, from my curse regards, they all seem
to know each other as my guest. But we'll talk
to the police about that in the next half. Our

(29:20):
Ian Jones on the All Blacks, we need to get
angsty about that. Do we get angsty about anything anymore?
I thought we got angsty that everything these days. Yeah,
but is it real ankst though, Glenn, or is it
just like faux ancs that we go We better be
a bit angsty, you know. It's like, Ye, there's two
little anks to go around, isn't there. That's what That's

(29:40):
what's going on anyway, all of that more after the news,
which is next you Reduced Talks Head.

Speaker 1 (29:48):
Your trusted source for news and fuse the Mic Hosking
Breakfast with a Vita Retirement Communities, Life Your Way, News
togs Head.

Speaker 2 (29:58):
Seven past seven. We seem to be and some sort
of homicide spiral. We've got eleven in the past month,
the latter and Kaitia Saturday night shootings to stabbings. People
are ending up dead. The Police Assistant Commissioner for Auckland
at North and Sam hoils with the same morning to
you very well, indeed, thank you and numerically speaking, how
unusual is this, No.

Speaker 6 (30:19):
Doubt about it.

Speaker 18 (30:20):
This is a big month for homicides. Usually we need
a much longer time period for before we can kind
of reach any conclusions around where this is hitded. But
no doubt about it. Even in a month is a
big month for New Zealand.

Speaker 2 (30:34):
And it's just one of those things. I take it.
There is no obvious connection, There is no obvious reason.
It just happens to crime and levoles and you know unfolds.

Speaker 18 (30:44):
Yeah, look West getting across these as they happen, obviously
to see if we can pick up any early trends
or connections. It's on the Facebook, the normal mix of
organized crime and gangs and it can be harm which
has been with us since a mankind.

Speaker 2 (31:01):
Can we say by some sort of level of reassurance
that the people are almost always known to each other.

Speaker 18 (31:10):
Yes, it's a really good point, Mike. It is very
very rare that someone has murdered in New Zealand by
a complete stranger. There's relationships, whether they're through organized crime,
familiar relationships, neighbors. It is, you know, almost unheard of
a complete stranger is killed in the New Zealand context.

Speaker 2 (31:33):
How much resource do you throw it a homicide? And
given there's eleven, is that stretching you.

Speaker 18 (31:39):
We throw a lot of resources at these, you know,
when you look at the Auckland picture, we throw resources
at those that have occurred in the city from South Auckland.
Materiable engin and helped the team have done the heavy
lifting over the last couple of weekends, but right around
the countrary. You know, I'm really proud of the teams
that we've stood up of really smashed them working over

(32:00):
last month, and I'll have you know they'll be taking
those trolls forward over the next couple of years.

Speaker 2 (32:05):
I wish you're the best one, so I'm appreciate it
very much. The insight Sam Hoyle, who's the Police Assistant
commissioner of This morning nine and it's past seven a
new research into long COVID. Could it suggest to be
costing US two billion dollars a year in lost productivity?
That number doesn't take into account, by the way health costs.
University of Auckland health economist Paula Lageli is with us
on this. Paula, Good morning, Mornina. Mike, what is long

(32:26):
COVID and what's the definition? And do we have a
definite definition of what it is?

Speaker 10 (32:32):
There is a WHO definition and there's a definition from
a group of scientific academies in the US, and it
is these sometimes new but often persistent symptoms of COVID
that still exist around twelve twelve weeks, three months after
your COVID infection.

Speaker 2 (32:52):
And is that definitive enough for you as an economist
to put a number around it.

Speaker 10 (32:58):
It's as good as we're going to get, Mike, So,
so I think we need to put a number on it.
And so at the moment without a diagnosis, there's no
clinical tool to diagnose from COVID. This is what we use.

Speaker 2 (33:10):
How do you come up with two billion?

Speaker 10 (33:13):
Well, we used we don't have any information from New Zealand,
so we used information from Australia. Australia had a really
similar pandemic experience to New Zealand. Obviously we closed our borders,
we lock down. Other countries have done similar estimates, and
the OECD has done an estimate, but that includes countries
where they had much bigger numbers of infections in the

(33:36):
early waves before we had vaccination. And so we've taken
the percentage from Australia from this paper that was published
in the Medical Journal of Australia and applied it to
New Zealand context. So that's how we come up with
two billion per year.

Speaker 2 (33:51):
I happened to read that report the other day out
of Australia when it made news, and it interested to
me to the extent that what is I mean, if
you're not well and you can't work, I mean, what
are we supposed.

Speaker 6 (34:02):
To do with that?

Speaker 10 (34:04):
I know, well, we need to support these people, right,
we need to make sure that they can get disability support,
or we can help manage and manage and treat them
providing long COVID support services. And obviously also we want
to avoid people more people getting long COVID, so we
need to look at prevention as well.

Speaker 2 (34:24):
I reckon we've gone past that, haven't we. I mean
there's COVID in my eye or ear or feel a
vibe or whatever has gone into the category of it's
it's another thing that you get. It's like the flu.
It's like a cold's taking a day off work. Who
cares whether it's a cold or COVID or flu? Do
you see what I mean? And that's people's mentality.

Speaker 10 (34:40):
Yeah, I know.

Speaker 11 (34:41):
I mean.

Speaker 10 (34:41):
And we've all just watched the Olympics, haven't we, And
how many Olympians were in the Tour de France. How
many cyclists and olympians were at their profession and the
peak of their profession, but performing with COVID and we
know that they shouldn't be doing that because that actually
exists a the chances of getting long COVID.

Speaker 6 (35:03):
Yeah.

Speaker 10 (35:03):
So if you can take some time off and you
can isolate, great, If you can wear a mask, if
you know that you're infectious, great. I mean, let's try
and avoid giving it to somebody and therefore lessening the
chance of giving somebody what may be a lifelong debility
to excuse me, debilitating illness.

Speaker 2 (35:19):
All right, Paul, appreciate it very much. PAULA. Lad Gilly,
University of Auckland health economist, it's twelve minutes past seven, Pasky,
Like I thought the church and the state was supposed
to be separated. What are the Christians doing getting involved
in the government. This is the open letter this morning
from four hundred church leaders religious leaders around the country. First,
first thing is, as Glenn pointed out to me this
morning quite correctly, in an early sign that he's alert

(35:41):
and awake for the week and ready to make a
contribution to the program. He said to me, he said,
surely we need to bring an end to this open
letter fanaticism that we have in this country, and on
that I could not agree with them more. Second point
he made, and yet another sign that he could actually
be on fire for the week, he said, how the
hell do we get four hundred religious leaders in this country?
Which I thought was a very very very good question.

(36:04):
Do you think that's uncharacteristically on form? For me for
a moment, it's not uncharacteristic. It's unheard off, is what
that is. And that was Can I just say it
was like barely at six o'clock, It was like five
minutes past six. The contribution was flowing in a way
that I could barely comprehend, and I've been around here
a while. I've not seen the like they changed the
coffee or there's something going on there. You're on the

(36:25):
you're on the shrooms or something.

Speaker 18 (36:27):
But it was.

Speaker 2 (36:27):
I mean, i've heard nothing from you since, so it's
an hour of quietness. But that first, like, I've fulfilled
my quota for the week.

Speaker 6 (36:34):
Now I'm taking the rest of the week.

Speaker 2 (36:35):
That early contribution was all we needed. Thirteen past seven.

Speaker 1 (36:39):
The Hike Asking Breakfast Full Show podcast on I Have
Radio powered by News Talk.

Speaker 2 (36:44):
Said, be it a sixteen past seven. By the way,
this Hipkins debate around tax and whether we need more
tax in this country will crunch a few numbers for
you in the next half hour of the program. Seven
a guy with us in the commentary box after rights,
speaking of thought the All Blacks heading home, of course,
having lost both upside as they will be taking on
Australia next to a turning out to be even more
useless than previously thought or seen. Ian Jones is back

(37:05):
with us on All of the Sea and morning to you.

Speaker 6 (37:08):
Yeah, good morning, Mike, and wanting to your listeners.

Speaker 2 (37:10):
The quality of the game itself. What's your assessment.

Speaker 6 (37:14):
Off fast intensity watching as a spectator, you're absolutely why
I do anyway might get exhausted because you're so in
the moment, and so you know, we've got a bit
frantic forward the end, which kind of going please is
calm if down people out there, and we needed those
clear heads, especially from Body, especially from TJ. But it

(37:35):
actually looked like all of it weren't at last ten minutes, Mike.

Speaker 1 (37:39):
And.

Speaker 2 (37:40):
People if you reckon Body was on the bench for
too long and his head exploded a bit and he
needed to get all that energy out all in one
crazy sort of movement.

Speaker 6 (37:49):
I kind of think, not just exactly Body, but you
know Darry as well. These big impact players very hard
in the frantic situation, regardless of where you are, Mike.
But to come on in those last ten minutes make
a difference. You need a little bit of time's been
starting the game to sixty. You know what subtle changes

(38:10):
can make. But we didn't make those when that was
an impact from the touching staff of the week before,
when those people came on and we gave away a
few penalties, et cetera, et cetera, didn't have conference. But
at the moment, I mean, the surbrogance are ruthless. They
are physically strong, They dominate you, they're weie you down.
I guess they got to measure at the moment and

(38:30):
they just hold intensity for longer periods than we are.
When we were at our peak a few years ago,
we could do that to opposition. At the moment, we're
just not there.

Speaker 2 (38:41):
And I think that's a very good point. And I
think we've got to give credit to the South Africans.
This wasn't one of those games where every now and again,
at the right time, the right place, at altitude, whatever
they happen to win. They are consistent winners. They're World
Cup champions for a reason. They are the best side
in the world and they need to be congratulated for that,
don't they absolutely.

Speaker 6 (38:58):
Mike can remember also so playing away from home in
front of their fanatical fans, it is an absolutely tense quadron.
We want to win those matches. We went good enough
for the last two and my god, we've given away
the freedom cap. We've had that for a long long time,
and you're right in you're intro we have to hold
on to that. There's a cup and we have to

(39:19):
get some momentum before we go to Europe at the
end of the year. But man, what games of football.
I mean, I'm biased, Mike. When rugby's played at that level,
it's the greatest game in the world.

Speaker 2 (39:31):
Yeah, it's very high quality. I'll give you that one.
Although I could talk to you about Damien, Christy, Chanelle,
Harris Devita came to mind all of a sudden, I thought,
what's happened to people trying to kick the ball between
the sticks? Ian Jones with us. By the way, labor
really triggers me, Mike. While simultaneously spending all our money
and stuffing our economy last time round and appearing to
learn nothing from it, they want us to give even
more money for their next turn. Hopefully that's many, many

(39:53):
years away. It's that discussion to be held in about
tim and it's time nineteen past.

Speaker 1 (39:58):
The Mike Asking Breakfast Full Show podcast on Payheart Radio
powered by News Talk Zippy.

Speaker 2 (40:04):
Damien McKenzie is who I was referring to. Of course,
I used some other name for reasons best known to myself.
Some of us, by the way, speaking of illness, says
we were a moment ago still recovering, you know, the
old winterills springs in few sniffles about the place for you,
allergies for people. So the guys that are about health
have got some very good natural nutritional supplements that support
the immune system. So what have we got. We've got

(40:25):
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(40:47):
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and on the phone eight hundred triple nine three oh
nine SCAR seven twenty three. Last year was the first

(41:08):
time in twenty years there were fewer cafes in this
country than the year before. Now that isn't a reality
check on the state of our economy. Nothing is so Yes,
we're starting to see some light I think some confidence
here and interest rate cut there. But the tail end,
I hope it's the tail end of what is likely
three recessions and two years has taken a catastrophic chunk
out of the economy. I read a piece on an
international site over the weekend about the quote unquote economic

(41:32):
refugees who are fleeing New Zealand and record numbers. The
most appressing stories about this country are the ones written
by offshore operators. We only make the news around the
world for exceptional stuff, exceptionally good or in this case,
exceptionally bad. Let's do a piece on a basket case.
Who's the basket case we can fight?

Speaker 6 (41:49):
Oh?

Speaker 2 (41:49):
Oh good Old New Zealand. Pandoro announced on Friday that
they're closing in Wellington. Now they aren't the first, obviously,
they've been a growing business lately. On stories about closing
hospow businesses in the capitol. The owner I thought was
interesting though it seems for him to be a mix
of COVID as people went home and not everyone came
back also of cycle ways and bus lanes killing the traffic,

(42:10):
and road cones and construction who are actually closing roads
and therefore access. So obviously the economy is in there
as well. So the question then becomes just how badly
do you want to hobble your city's prospects for goodness sake?
In Wellington they are laying them off left, right and
center as well. So a lot of people going home
forced home, a lot of people losing their job, a
lot of places you can't get to. An economy going backwards.

(42:32):
I mean, good luck selling Chibata for goodness sake. On
the hospital scene, a lot of people come and go,
always have. Really, it's like construction. But when the names
are a bit well known, it always strikes me. It
sort of catches you a little bit, doesn't it. Remember
Smith and Coey or in Wellington's case, it was Kircaldy's Pandora.
I mean names that have been around, survived a lot,
seen hard times, and yet this time they can't do it.
What's that tell you about how badly this place has

(42:55):
been wrecked? So badly in fact, we make international headlines
out of it. Pasking Doug what was Dougie's last name
Dougie Martin. Dougie Martin has just broken the world record
for pull ups. Is that the same as chin ups?

(43:15):
So he's done nine thousand, two hundred and fifty of
them in twenty four hours, which obviously what you then
do is go, well, jeez, that sounds like a how
many is that an hour? And the answer is three
hundred and eighty five, three hundred and eighty five an hour.
Once you've done three hundred and eighty five an hour, Yes,
that seems like that seems quiet. How many is that
a minute? It's six a minute? Six a minute? Is

(43:37):
I mean you want to do it's doable for a minute,
one every ten seconds for a minute, and after that
you're starting to work a bit of a sweat up.
You want to drink, you want to pause, and really
the second minutes touch and go. I mean that's that's
me speaking to be honest.

Speaker 14 (43:51):
I wouldn't have made it through the first minute. But
congratulations to you.

Speaker 2 (43:53):
But Dougie, Dougie's done hours of it for twenty four hours,
and he's what's he look like? You're a photo? He's
quite wide at the top.

Speaker 1 (44:03):
Yeah, and he's got and his hands are not in
good shape at the moment.

Speaker 2 (44:07):
I'm not surprised he had blisters. Was he wearing gloves, well,
I don't know, bare hand chin ups, which does remind me.
I need you to watch that video again of Simone Biles,
who is married to what's his name, doesn't matter, she's
married to a football player, NFL football player. They were
at the gym with the rope hanging rope from the ceiling,

(44:28):
and they did a contest whereby they pulled themselves up
just with their arms, nothing else, pulled themselves up the
rope to the top. And she not only won. And
remember he's an elite athlete and strong and powerful, or
so you would think. And so she not only won,
but she won by so far it was embarrassing. Yeah,
but he'd way heats more than her, wouldn't he. Yeah,
he's got bigger arms then, so I mean.

Speaker 1 (44:49):
I'd been more impressed as she had pulled him up
the rope.

Speaker 2 (44:53):
You don't know that they don't do that for fun,
But anyway, on this particular video, she is just a freak.
It's incredible. It's uplifting to watch. You get puffed watching it.
You're wear yourself out just looking at it right. Tax
Chris Hopkins is having a crack at a tax conversation.
Do we want to partake on this? Is this going anywhere?
We'll crunch a few numbers for you. Up in the

(45:13):
news which is next there are news talks.

Speaker 1 (45:15):
EDB setting the news agenda and digging into the issues.
The mic Hosking Breakfast with the Jaguar f base cut
from a different clath news togs EDB.

Speaker 2 (45:27):
The reference I made to the piece I read over
the weekend economic refugees flee from New Zealander's cost of
living crisis deepens. I'll work you through the article because
a it's well worth reading and be mainly because it's
sort of unfortunately how at least some of the rest
of the world is seeing us. But speaking of the
economic trouble, Sasin Bide, which is a relatively well known
Genes manufacturer clothes manufacturer, is closing at Auckland store next

(45:49):
month along with nine outlets in Australia as well owned
by Meyer. There's only going to be four stores left.
They talk about online stuff and I just don't know
how much how much run while they got with that,
but they were founded back in nineteen ninety nine as
a denim label, so sold out of Portabello Market in Britain.
Maya bought sixty five percent of them for forty million

(46:11):
in twenty eleven and then they were so excited about
that they bought the rest of them. Now, unfortunately it's
just been closed down twenty two minutes away from eight
plenty of sport. The lads the commentary box after right
Andrews Savile Guy have eld. Of course, meantime in a way,
I guess you've got to admire and Cris Hopkins has
begun won the long road back to power by two
talking about taxing us more trouble as he sees it,

(46:34):
because more of us are getting old.

Speaker 1 (46:35):
You can't say to people over the age of sixty
five that they can have everything that we gave to
people when there were fourteen percent of them, When there's
twenty one percent and not increased government spending. The numbers
just simply won't out up.

Speaker 2 (46:46):
So the Labor Party trying to work out what sort
of tax policy they take to the campaign of twenty six.
Denton's Kensington Swan partner and tax expert Bruce Banakis, Well,
there's Bruce, very good morning to you.

Speaker 6 (46:56):
Good morning.

Speaker 2 (46:57):
Is there a case can you make a cogent coach
piece of case to take more money from me?

Speaker 19 (47:05):
Oh?

Speaker 20 (47:05):
Look, I think there is a case there that Hipkins
has raised that in ten years time, we're going to
have you know, three workers for every retired person compared
to four today, and in forty years time we'll have
only two working age people for every one retired person.
So there is a case for looking at our tax
system and trying to raise more revenue to pay for that,
because in our current settings it is unaffordable. But I

(47:27):
think what Hipkins has disingenuously not talked about is the
fundamentals of the underlying system, the fact, you know, we've
got a relatively low entitlement age now by world standards
at sixty five, and the fact it's not means tested.
So he's wanting to tax us more without looking at
the overall design of the system.

Speaker 2 (47:46):
Right, So there are plenty of ways to skin a cat,
is what you're suggesting.

Speaker 20 (47:50):
Yeah, look, I think when you think about this, it's
probably six levres a government can poll, right, so you know,
it can tax us more, you can borrow more, which
is what Hipkins has faulted to. You can raise the
entitlement AIDS, which was labor. You know, labor has been
in favor of in the past, and that's actually did
in twenty seventeen legislated that and then it got unwhelmed.
You can you can, you know means test. You could

(48:11):
reintroduce the curve tax that we had back in the eighties.
You can raise the immigration levels, bring in a lot
more working age people to support the tax space, or
you can you know hard, but you can try, and
you know, governments can try and do something to increase
birth rates.

Speaker 18 (48:25):
And so it's not just a.

Speaker 20 (48:25):
Tax and borrow discussion.

Speaker 18 (48:27):
It's like, let's have a look.

Speaker 20 (48:28):
At the overall design of the system and how we're
going to afford it.

Speaker 21 (48:30):
Yeah.

Speaker 2 (48:31):
See, I'd been favor of growing stuff and making more
and just keeping tax the way it is because and
we don't seem to talk about that enough. But that's
as doable as grabbing money off of the small you know,
the smaller piece of pie, so to speak, isn't it.

Speaker 20 (48:43):
Yeah, absolutely it is. And you know, the projections going
forward over the next ten years, the cost of superannuation
is a percentage of the tax take will go from
seventeen percent to twenty one percent, and that's what the
cost of super doubling over that period. But assuming an
increase in the size of the tax take. Now, if
you can actually make this country a more business friendly

(49:07):
place to do business, get more activity, grow the tax base,
and that will also, as you say, become more affordable.

Speaker 2 (49:14):
So the politics of it all then comes into it,
doesn't it. I mean the idea that I mean. It's
the selling of the idea, not the mathematical mechanics of it,
isn't it really, I mean that's the crux of it.

Speaker 6 (49:25):
Yeah.

Speaker 20 (49:26):
And as I said, I think our politicians have done
us a disservice in this regard. I mean everyone now
seems too too scared to face into this issue to
start talking about raising the entitlement age again, to look
at means testing, and to have an honest discussion maybe
about things like capital gains tax. You know, we've had
a full review of the tax system we did back
in twenty nineteen where the Tax Working Group recommended a

(49:48):
capital gains tax. We've got offshore organizations IMFOECD saying we're
an outlier and not having a capital gains tax. I
think we need to have an honest discussion as a
country about how we're going to afford this and making
sure people have dignity and retirement while not you know,
strangling the life out of the economy.

Speaker 2 (50:05):
Isn't there a sort of some cute dos to be
gained by being an outlier just because somebody's got a
whole bunch of taxes, Why do you automatically want to
join that club?

Speaker 20 (50:15):
Well, because I think it shows it's effective, and personally,
I would be far more in favor of having a
capital gains tax, which has proven worldwide that it works,
as opposed to going down the rabbit holes of wealth
taxes and inheritance taxes and messing with the GST system
and all these other weird and wonderful ideas that cropped
up at the last election, and you know, continue to
pop up. I think a capital gains tax works and

(50:36):
are shown to be works and be far more, far
less disruptive and potentially economically damaging than a wealth tax.

Speaker 2 (50:43):
This could be one of those things that you know,
when they talk about infrastructure and getting cross party support,
this is a cross party support type discussion. So you
send it off to a bunch of experts to have
a look at it. They make a recommendation. Two main
parties go actually in the you know, for the benefit
of this country overall. This is the bit we agree
on because that's the only way you're going to get
across the line, isn't it.

Speaker 6 (51:02):
I think so.

Speaker 20 (51:03):
And as I said, this has been a political football
for too long. I have vague recollections of the superinnuation
of cordback in the early nineties and Bolder and war
and getting together, and it's like, well, it's obviously all
fallen apart. We need something like that. We need some
settings that are there for the long term and are
taken out of politics. And you know, people can disagree
about the specifics of the tax system and how we

(51:24):
pay for it, but in terms of things like means testing,
entitlement ages and basic design settings, you know, we need
bipartisan support on that good stuff.

Speaker 2 (51:32):
Bruce, preciate your expertise. Bruce Bernaki, who's Denton's Kensington Swan
partner and tax experts seventeen away from eight tasking Mike
I was informed over the weekend that Auckland University is
introducing a compulsory undergraduate course for all in the first year.
Take a look at it. Funnily enough that you text

(51:52):
me about that, I have because we've been involved in
this very thing. So when you say you're informed, I
can confirm it's real. It is what nonsense and brainwashing.
Universities are supposed to ignite hypothesis driven learning and research,
not in doctrination. It doesn't surprise me Auckland, like many
other universities, have become intoxicated with power that they were
given during the adern era. Yeah, it came as a

(52:14):
surprise to us. And that's a discussion we've held at
our household recently. And I tell you more in a moment.

Speaker 1 (52:19):
Sixteen too, the Mike Asking Breakfast Full Show podcast on
iHeartRadio powered by the News.

Speaker 2 (52:26):
Talks that'd be Mike, why would we not make quy
sober compulsory and also somehow make it an untouchable part
of social welfare payments because we don't want compulsion in
this country. Maybe you want to run your own life,
make your own decisions. I'm not in QI sober, never
had been, because I decided a long time ago I
could do things differently, and I'm perfectly happy to have
done that. And why wouldn't I want to have the

(52:46):
choice and be able to have the choice. Mike, if
there's going to be a capital gains tax, will there
also be a capital loss tax? I could go down
that rabbit hole forever. But you know what the answer
to that particular question is yes. So the university. University
has had open days recently and one of the ones
we discovered Auckland's got this new compulsory course, which came
as a real surprise to us because one of the
great things about university is you can essentially do what

(53:09):
you want. You go from the cloistered environs of secondary school,
where you it's a little bit different these days in
the year thirteen. You can pretty much take whatever you want,
but you can find you still can fine, whereas university
the whole idea as you go into this this wonderful
space where you can study what you want, when you want,
how you want, why you want, and you know, develop
yourself into the wider world until now, of course, when

(53:29):
all of a sudden they say, well this is the
course that you need to take. What we found interesting
is when we were presented with this particular course, we said,
what what is it? And what we discovered that was
fascinating is no one could explain what it was and
what it is. It's a Maori based course. They didn't
want to say that, of course it's but it's about
being Maray, knowing Mari, understanding maor understanding the Mari language,

(53:52):
how Mari language and culture interrelates with you know, everything
else going on in the world. But they couldn't. They
couldn't articulate that because that might be a bit you know,
I don't embarrassing anyway, So they sort of said, it's
sort of to do with society and how society integrates
and works and stuff like that. So even they appeared
to be moderately embarrassed by what they were doing. But
what you know about universities, it was once upon a

(54:14):
time free choice because after all, you're paying. But not anymore,
not at Auckland, which is most upsetting, Mike. You're dreaming
if you think that this is the tail end of
the downturn, a rate cut or two or three will
make no real material difference. This as a global issue.
Germany and China are on the brink of and all
out collapse. That's bollocks. And the US is only months
away now from seeing the effects of this rubbish, and

(54:35):
it will be in recession before you know it. It's
very alarmed. It's nonsense, isn't it. China's got troubles, Germany's
run by a basket case coalition of three, but they're
still a fairly robust sort of economy. And as for
the US, there's a bit of debate around where the
Powell needs to go a quarter point and a half point,
but you know, the size and the robustness of the
American economy is going to see no such trauma as

(54:56):
far as I can work out. We're off to the
Aims Games in a moment. Turn away from eight the.

Speaker 1 (55:02):
Mic Hosking breakfast with Bailey's real estate hues talk said be.

Speaker 2 (55:06):
Given away from it. Twong is a big week out.
Thirteen thousand kids hit the Bay for the Ames Games,
of course, three hundred and ninety Ish schools, twenty four
thousand visitors in totally The Games. Games tournament director was
Kelly Shiska, who is with us.

Speaker 22 (55:16):
Kelly morning, Good morning, how am i.

Speaker 2 (55:19):
I'm very well, indeed bigger and better than ever.

Speaker 13 (55:24):
Bigger and better than ever, as we are every year.

Speaker 2 (55:27):
Good so the socio. I don't even know how to
the economy. I mean, people having trouble raising money to
get their schools and all that sort of stuff, or
as it seemed to work out.

Speaker 13 (55:37):
Okay, oh look, I think it's it's really tough for
everyone at the moment, isn't it that. I think we're
incredibly lucky with this event. You know, it's such a
good thing for the kids who participate, and you know,
the ones that are here have been really lucky to
have their communities and their schools behind them in terms
of you know, sun raising that kind of kicked off
with them in Sebrey this year. So so a year
of training and a year of fundraising and now it's

(55:58):
time to have a week long sleeper with their friends.

Speaker 2 (56:01):
What's the weather and track for the week?

Speaker 13 (56:04):
We that is looking fantastic. Yeah, we've had a couple
of really amazing days and it is magical down here today.

Speaker 2 (56:12):
And the impact, I mean, the city must love you guys.
I mean the number of people in restaurants and sausage
rolls and sandwiches and trips and stuff that are sold.

Speaker 13 (56:21):
Incredible bananas, big markets are bananas this week on.

Speaker 2 (56:27):
I mean it must be hugin put into the city
though it is.

Speaker 13 (56:31):
Yeah, I mean last year estimated you know, estimated figures.
We're just under seventy five thousand mid nights to the
city over the course of the week and six point
five million dollars bumped into the economy. So yeah, incredible
for the city. But we're also really lucky because the
city does embrace the event and really does welcome out

(56:51):
as it is and make them feel welcome while they're here.

Speaker 2 (56:53):
Funnily enough, we were having a discussion now wider family's
partially involved. We got somebody down there and we were
trying to work out and trying to remember from our
own is it about is how elite are these people
or do you have to basically just the top team
from the school.

Speaker 13 (57:07):
Well depends on the sport and the course. Schools approach
it differently, you know. Just because we are at capacity
in some of the team sports, schools can only enter
one team in a lot of the team sports, or
or at least in one division. But you know, absolutely
across the twenty seven sporting codes, there's a lot of
those sports that are uncapped, so schools can enter as

(57:28):
many kids as they like. You know, and it's really
dependent on the size and scale of the school as well.
Some schools don't have many year sevens in year acts
and they're sending their whole contingent. So yeah, well.

Speaker 6 (57:39):
You have that.

Speaker 2 (57:39):
You have the best of time, Kelly. Nice to catch
up with you as always, Kelly Shishka, who's the AIMS
Games tournament director. Five minutes away from asking of Regional
New Zealand. One of the more interesting pieces I read
in the Herald over the weekend was the story about
Hawk's Bay. And I'm sure it's applicable all over the place,
but all these jobs are available in Hawk's Bay that
you would think, why are they still available? So, for example,

(58:00):
you're looking for a boss of the airport CEO of
the airport. That job's been opened for nine months. That's
the point of this. This is not just a job.
It's a job that's been opened for nine months. Why
is it taking nine months to find a CEO for
an airport? Is there something wrong with the airport? There's
something wrong with Hawk's Bay. They're not a lot of
people who want to get into aviation. Generally, there's a
sider maker who's looking for a new chief executive called Zephyr.

(58:22):
They can't find anybody the Cape Kidnappers, which is a
beautiful place, fabulous place. They're looking for an executive assistant
manager that they can't find. If you want to be
a wildlife manager, do you know for the Department of
Conservation you were in one hundred and sixty one thousand
dollars a year as a wildlife manager in Hawk's Bay.
That's good money to be a while I've manager. They

(58:43):
can't fill a job. Why not a whole bunch of
health roles, ear nose and throats specialist. Can't find one
for love nor money. Then I get round to Peter Hughes,
who you won't remember, but he was the head of
the public service. He was the Public Service Commissioner and
he left at the beginning of the year. In fact,
he told as he was leaving last year and left
at the beginning of the year. They still haven't filled

(59:03):
that job. Now, I can, I mean, who wants to
be the head of the public service? I mean, really
I think I can. You can see it if I
was going to be, if they said Mike pick a job,
I'd be the boss of the airport in Hawk's Bay.
I reckon, that'd be awesome, whereas being the head of
the public service and be boring airs. But that's just
me and there must be people. So how is it
that we have the situation whereby we literally and I

(59:25):
don't I don't assume it's not money. I'm ssuming there's
good money to be head of the public service. How
come we can't find people to do these job? What's
going on there? Let's do some sport with the lads
after the news, You're.

Speaker 1 (59:35):
Trusted home the news Sport Entertainment's Opinion and Mike Mike
Hosking Breakfast with Bailey's real Estate, your local experts across residential,
commercial and rural news togs.

Speaker 4 (59:46):
That'd be erspro's no.

Speaker 3 (59:53):
No r comptor towards the upright and that's over, Tasamin Tesmon.

Speaker 8 (01:00:03):
When the Red.

Speaker 16 (01:00:05):
Belly shield for the first time in their young history,
can't don turn a.

Speaker 18 (01:00:10):
Brigand side and I'll take it out.

Speaker 6 (01:00:13):
And south.

Speaker 15 (01:00:16):
Beat the old Blacks eighteen pills and for the.

Speaker 5 (01:00:20):
First time, and siventy.

Speaker 22 (01:00:22):
Finds the old Blacks close. Four Straights turn their old foes.

Speaker 1 (01:00:28):
The Monday Morning Commentary Box on the Mike Husking Breakfast
with Spears Finance, supporting Kiwi businesses with asset and equipment finance.

Speaker 2 (01:00:37):
Even seven past side guys Belt. This was as a
song with Andrew Sevil. Good morning to you Burday morning.
Didn't I ask you last week? Go house your new
job going.

Speaker 21 (01:00:46):
It's great, Thank you. Had a very big weekend doing
uh well co hosting I suppose Saturday coverage and then
we hit our first edition of our new show Weighan
on Treckside one morning and then yesterday I m Seed
co em Seed the Horse of the Year awards down
in Hamilton. So it's been a big couple of days

(01:01:07):
but it's been outstand.

Speaker 22 (01:01:08):
Who he's still allowed to gamble?

Speaker 2 (01:01:10):
Good question? Good quite can Yeah?

Speaker 6 (01:01:13):
I'm allowed? Yeah yeah?

Speaker 21 (01:01:14):
Who won the award? Imperators did probably no surprise to
people who follow racing. She was outstanding last season. I
went to Australia and beat their best sprinters and was
rated the highest rated mayor in the.

Speaker 6 (01:01:28):
World at one point.

Speaker 21 (01:01:30):
She is a phenomenal horse and so she scoops a
lot of the awards. But it was a great night.
Peter and Dawn Williams, who have been long servants to
New Zealand racing, won the Contribution to Racing Award, which
I think was a whole lot highlight for many.

Speaker 22 (01:01:42):
The We noticed Tarah's voices changed a bit. Mike a
racing commentator and they're coming around the bend and.

Speaker 2 (01:01:50):
He's a different He's a different person.

Speaker 8 (01:01:52):
Speak.

Speaker 2 (01:01:52):
Speaking of celebrations, I sad you cannot beat the reaction
that you saw with the Ranfay Shield. I mean when
they one night, that's just like everything, isn't it.

Speaker 22 (01:02:02):
Yeah, no matter what people say about it, and how
many people turn up to watch these shield games, I
think it was a good crowd in Napier two unbeaten teams.
Tasman never won it before. I think they started in
six when Nelson and Mulbrey combined. But yeah, just to
see the delight on the players faces, it was a
fantastic kick to win the game. So there's still a

(01:02:24):
romanticism about the Ranfordy Shield. It means a heck of
a lot to provincial teams and players, and we saw
that on Saturday night, and then when they brought it
back to Nelson yesterday, there was a lot of fan
fear and a lot of locals out to support them.
So I thought it was fantastic, fantastic, it's funny.

Speaker 21 (01:02:41):
It's funny. I couldn't give a toss about provincial rugby
in these days. I really struggle with it. I find
it quite boring. I struggle with the product. But I
saw that pop up on my social media. I think
it was didn't see the game live, and it kind
of did stir these emotions, like just seeing a team
get so wild about a trophy that's been around for
so long. There is still something in some mystique about

(01:03:02):
the ram threw lea shield that just draws you in, doesn't.

Speaker 22 (01:03:06):
There wasn't, and there was an intensity in that game,
just different to a usual provincial game.

Speaker 2 (01:03:11):
And that's what the shield does exactly right, which which
pales into insignificance despite its excitement to what I saw
my highlight of the weekend that I discovered purely by accident,
and okay, you hit the buzzer if you know the answer.
It is a game played in front of a full crowd.
It's the culmination of almost the culmination of the season.

(01:03:34):
It was a preliminary final. It's the biggest sport in
that particular country, and it was probably the greatest game
of that particular sport you will ever see. What did
I watch was Ossie ruled well done, very well done.
It was Swan's v. Giants, and the Giants led the

(01:03:55):
entire game, and not by a bit, by a lot,
and so it was over till it wasn't. And then
the Swan started coming back and it was like it
was like a fifteen to twenty minute comeback and it's good.
They kept coming back and kept coming back and kept
coming back until they scored the goal that equaled the
game with only about a minute left. And then they
scored the goal that won the game, and it's like,
it's it's one for the ages. It's going to come back.

Speaker 22 (01:04:16):
As you will see. Yeah, and we'll see that in
the NRL in the coming weeks too. What about that
opening game of the NFL, the Toe nail in it?

Speaker 2 (01:04:23):
It was brilliant, great.

Speaker 22 (01:04:24):
Game, the Kansas City game, Yep, that was that was.

Speaker 2 (01:04:26):
That was a TV until you saw us toe where
it wasn't. It was the difference between it was a
game one versus we just lost.

Speaker 22 (01:04:34):
If ever you wanted a game to open your regular
season and attract even more attention, that.

Speaker 14 (01:04:40):
Was the game.

Speaker 2 (01:04:40):
Couldn't agree more. And in fact that the game on Saturday
our time, the Eagles Packers, that was equally good too. Yep,
so they're underway for another season. And let me tell you.
Do you know what else I watched over the weekend
which you cannot see on New Zealand television, which is
a crime. Was the snooker in Saudi Arabia. Now, why,
when there's so many channels to watch bought, you wouldn't
have a tournament that big that you can't watch.

Speaker 22 (01:05:04):
Was a world series.

Speaker 2 (01:05:07):
It was the Saudi Arabian master's biggest prize money ever.
The Saudis have bought the sport basically, and you go
there and win a million bucks and stuff like that.
But all the players were there. Every player in the
world was there, Every single player, the best players in
the world was there, were there, and you just cannot
see it on New Zealand television at all.

Speaker 22 (01:05:21):
Isn't a sport that Saudis haven't purchased exactly?

Speaker 2 (01:05:24):
That's I see. I was thinking. I was thinking about that,
and I was thinking, does it do you? Does anyone? Honestly?
I mean, it's the it's the it's the politically correct
thing to go or it's not very acceptable. But honestly,
does anyone care if they've got the money and they aren't, not.

Speaker 21 (01:05:39):
Not these days. And it's not as if China's above
borders it and they and they get a few sports
events as well. I think it's only a matter of time.
And I don't know how long this will be, maybe
another thirty years or so until Saudi Arabia is hosting
every Olympics they can afford it. They'll have, you know,
all these amazing venues.

Speaker 2 (01:05:57):
All that Middle East. It won't be Saudi Arabia will
be the Middle East in general. But I mean, right now,
I think I think the start of it was the
World Cup, wasn't it? And yep, once you pay for
that and you can play it in the heat, that's
in human and no one seems to care. And you're
just build an indoor stadium or seven. You sort it,
don't you? As simple as that? Should we talk about
the all blacks? I think that I feel like we

(01:06:18):
have to. Andrew Sevil, Guy have Bilt More. Shortly thirteen past.

Speaker 1 (01:06:21):
Eight the Mic Hosking Breakfast Full Show podcast on iHeartRadio,
carle it By News Talks.

Speaker 2 (01:06:27):
It Balks B sixteen past eight.

Speaker 1 (01:06:30):
The Monday Morning commentary barks on the Mic Hosking breakfast
with Spears Finance supporting Kiwi businesses with asset and equipment finance.

Speaker 2 (01:06:38):
Right, save your take on the All Blacks.

Speaker 22 (01:06:42):
I thought it was an outstanding game, again like joe Burg,
but very very similar. There are some glimmers of hope
in this All Black team, but there's also some ongoing concern,
clearly that they're not scoring in the last quarter of games.
There's there's a there's a mental breakdown, there's a there's
a I think there's a breakdown between some of the players.

(01:07:03):
The use of the bench is curious. I thought they
brought some players on too early in Johannesburg and then
and Cape, and I thought they brought a couple on
too late. So that's a real balancing act which I
think the new coaches aren't getting right. There seems to
be patches of the game where they're indecisive. The high ball,
they weren't very good under. They didn't claim reclaim high kicks.

(01:07:25):
There's there's a few fair few issues in there.

Speaker 14 (01:07:27):
Mike.

Speaker 22 (01:07:27):
Will they sort it out against the Wallabies, I'd say so.
If they can't beat the Wallabies twice, then there has
to be even more serious questions asked, but there are some.
It's it's concerning because the same thing seems to be
happening over and over again.

Speaker 21 (01:07:42):
I agree with that last point. I mean, look for me,
I go back to it again. Discipline, and yes, they
didn't concede as many penalties in terms of the discrepancy
between the two sites, so their discipline against South Africa
in that regardless, probably they've given away fo penalties exactly
and to yellow cards. You cannot hope to beat South

(01:08:02):
Africa in South Africa with fourteen men on the park
for twenty minutes of the game. It's just not going
to happen. And they were dumb yellow cards as well.
Just so silly what I would say though, and I
tend to agree with sav there are some big questions
around not being able to finish games, but they've got
bloody close to beating what is clearly the best team
in the world two games in a row now in

(01:08:22):
South Africa. They haven't won them. I get that, but
it's not as if I mean, you don't have to
go and change everything that you're doing. They're not that bad.
They're still a pretty good team, and I think once
they can figure out a few issues here and there,
I think they'll.

Speaker 2 (01:08:36):
Be a very frequent thing.

Speaker 22 (01:08:38):
The new coaches, Mike is still betting in. I think
the new management is still betting in. Things appear to
be a little more calm, but that just takes time.
I think it's been still a massive wake up call
going from Super rugby into test match football for a
lot of these coaches and management.

Speaker 21 (01:08:55):
Look.

Speaker 22 (01:08:57):
I looked at that game and I came away in
that game thinking if the All Blacks would lose three
or four of those key players, I think this team's stuffed.
I don't know if the players are coming through in
great numbers. I have a concern for that long term
future of the All Black team. Let's face it, if
the All Blacks keep on losing, it loses the luster

(01:09:20):
of that jersey.

Speaker 2 (01:09:22):
Hold on before you get two despondent. I mean they've
lost to South Africa, who are the best side in
the world. I mean, they beat England, they beat fig
they tripped up again.

Speaker 22 (01:09:29):
Started I'm looking at I'm looking at that team on
the field that I'm looking long term and taking a
few of those names out, thinking what does what future
look like. And yes, the South Africans they're an extraordinary team.
They're on a massive high. They've got huge depth, very
well coached and every word that comes out of Seaclisi's
mouth is inspirational, isn't it. You go over the top

(01:09:51):
for that captain. And then someone in Rugby said recently
to me that it looks as though clearly the South
Africans are playing for fifty five million and a huge
passionate about that. The All Blacks appear to be playing
to win.

Speaker 21 (01:10:04):
I think your depth point that you were just talking about,
I think we're seeing at the moment in terms of
they've got fifteen players there that they can put on
the park at any time, but then they have to
put some of them on the bench, and whoever they
put on the bench in whatever capacity, whatever combination, they
don't seemingly have enough players. This is what I'm trying
to say. They don't simminly have enough players to sustain
at twenty three right now, to be right at the

(01:10:26):
top level. I think that's the concern. And then the
other when as.

Speaker 22 (01:10:29):
You look at the South Africans, they've probably got three
they've got two or three starting fifteen, which which you
look back to twenty eleven, twenty fifteen, maybe twenty nineteen
with the All Blacks. That's what the All Blacks ad
as well.

Speaker 21 (01:10:40):
And then that's the other concern for me. They're going
to have to keep trying to find the perfect combination,
so that's going to mean more changes every week. And
you can't get much consistency for these players if they're
not playing with the same combinations every week. So that's
where the concern for me comes. How on earth they
balance finding the right combination but not making too many
changes week to week.

Speaker 2 (01:11:01):
Dallas open this afternoon. I'll be watching that. Dak Prescott's
been paid sixty million bucks a year.

Speaker 18 (01:11:08):
What's he?

Speaker 6 (01:11:09):
What's he?

Speaker 22 (01:11:10):
It's an extraordinary salary for guy.

Speaker 18 (01:11:12):
What had he done?

Speaker 2 (01:11:13):
It's very good question, and that's one of the great
debates in the Generally, a quarterback's worth fifty million ish
a year and he's worth sixty and they haven't won anything.
And I don't know, I don't know how you explain it.
I don't know how to explained Jerry Jones either. But
therefore he's the man with the money, so he does
what he wants.

Speaker 22 (01:11:29):
Every Monday for you now through until December January.

Speaker 2 (01:11:32):
Well, to be fair, it's Friday, Monday and Tuesday.

Speaker 22 (01:11:35):
But for cards blends into the NFL blend.

Speaker 2 (01:11:39):
It's just it's just it's just I'm living the dream.

Speaker 21 (01:11:41):
Nice.

Speaker 6 (01:11:41):
You're off to Oasis, Well we go.

Speaker 2 (01:11:45):
Why do you need to bring up domestic matters? Why
do you need to just get that little knife out
and prick me in on Monday morning? Having Look, I
don't know, I'm not going to Oasis. The question is
whether we go to Britain as some sort of helicopter arrangement.

Speaker 21 (01:12:04):
But all you're doing is I want to sell a ticket.
You got to go and where's where's the concert?

Speaker 2 (01:12:11):
Manchester?

Speaker 22 (01:12:12):
That's the end I'd be sending. I'd be sending both
parents and Manchester. You've ever been to Manchester?

Speaker 21 (01:12:17):
Yeah?

Speaker 22 (01:12:18):
My god.

Speaker 2 (01:12:19):
I stayed at a hotel outside across the road from
the stadium, Manchester United Stadium, and at the back of
the hotel was a canal and I lost count the
number of condoms bodies just like back in of Manchester. Really,
you know, I want to go. They're nice to see you, guys.
Andrew Sevil guy had Belt two.

Speaker 1 (01:12:40):
Call the my costume breakfast with Alveda retirement giving the
news togs Head.

Speaker 2 (01:12:45):
Be my is very good point. Do you know what
I watched that you can't watch here in New Zealand?
To watch the Bully horse trials? Tim Price actually came second.
It's a very good point. There was a little bit
of cabbage on that in sports news, but it's it's
a weird old thing, the future streaming. I get all
of that. Somebody goes, look, Snooer's available live on match
room for ten dollars a month. But of course, is
this really the future? So you're paying ten dollars a

(01:13:06):
month for the snooker, X number of dollars for the NFL?
Why number of dollars for the Burley horse Trials and
all this stuff? You know what I'm saying, has thought
becomes so segregated that we no longer collectively watch really
anything together because we're all wandering down the road doing it.
I mean the Sydney Swans, I mean, how niche is
that for me to watch that? For goodness sake? Somebody
takes Sydney's one games was superb footy. Australian rules is

(01:13:27):
the best football, et cetera. But I mean, how many things?

Speaker 1 (01:13:30):
Why would you.

Speaker 2 (01:13:30):
There's a whole virtually on Saturday, there's a whole channel
dedicated to Australian rules football on Sky. Now Sky can
do whatever they want. I don't care, but how many
people are actually watching Australian rules football on any given day?
And is that more popular than the Burly horse trials?
For goodness sake, where New Zealand traditionally historically does particularly well.
Kieren Gilbert is doing the business for us from across

(01:13:51):
the Tasman. I gave you that polling out earlier on
this morning that shows increasingly that the Labor government of
elban easy looks very much like a one term government.
Unusual for a government to only go one too, but
it looks increestingly like he's got major, major problems. That's
before we get to yet more developments in the CFM
EU debate. This is the scandal around the unions, and

(01:14:12):
the unions are starting to play this game whereby because
they hate Labor. Now that Labour's sort of done something
about them and put them into administration, they're going to
raise money for the Greens and so the Greens of
course potentially hold the balance of power on the coming
election and could up end everything. So she's she's interesting
times here and Gilbert after the news for you.

Speaker 1 (01:14:33):
The newspakers and the personalities, the big names. Talk to Mike,
my costing, Breakfast with Alveda, Retirement Communities, Life, Your Way, News,
Togs head.

Speaker 2 (01:14:43):
B Kendrick Lamar. By the way, it has been named
as the headline act for the Super Bowl super Bowls
not until next year, so don't get too excited. But
when they do get around to it. Kendrick Lamar's your man,
It's in New Orleans the super Bowl. Yeah, I'm almost
certain it's in New Orleans. Incight into hawks Bay from
an email over twelve staff Mike have left. This was

(01:15:04):
why they haven't been able to find a CEO for
the last nine months. Twelve senior staff have left hawks
By Airport since twenty twenty one. Locals Knights are poisoned, Chalice.
The board wants the airport to be an international airport
like Auckland. Their expectations are not aligned with the little
regional airport that Hawks Bay is. They've had four CEOs
since since twenty twenty one, four of them Finances The

(01:15:26):
claim hearers are mismanaged the new airport builders mismanaged. They've
created an extra road in front of the new airport building.
They put the wrong entrance doors to the new building.
They're being pulled out and redone millions being lost for
the wrong design. It's interesting that might go some way
to explaining what's gone wrong. They're twenty two minutes away
from nine.

Speaker 9 (01:15:44):
International correspondence with ends and Eye Insurance peace of mind
for New Zealand business.

Speaker 2 (01:15:49):
So Australian we go to Few News anchor ex Guy
News is Kieran Gilbert, who is with us in the
next couple of weeks. Kuren, Morning to you, Mike.

Speaker 14 (01:15:55):
Mate.

Speaker 2 (01:15:55):
Now we got the government coming back this week. This
debate that's been going on between the government you're spending
too much money and therefore it's inflationary against the Reserve Bank.
Who's winning that one in the minds of Australians? Do
you reckon?

Speaker 14 (01:16:08):
Definitely? The RBA is winning in a sense because the
polls out today show that the voters of blaming the
government Mike for the cost of living pressures, for the
inflation environment. The government's trying to shift a bit of
blame onto the RBA for where interest rates are They've

(01:16:29):
got a bit of flack over it, Mike, because the
RBA is meant to be this independent above politics institution,
but the Treasurer has had a red hot crack at
the RBA, saying that the rates are smashing the economy
and households right now.

Speaker 2 (01:16:46):
How's the economy tracked in your view, because I've been
following it closely. We've already gone, We've had one cut,
that's more to come. And for a while there, you
guys look to be better off economically than us. You
look to be landing softly and things were going well,
and sort of it's all got a little bit crunchy
of late.

Speaker 14 (01:17:03):
It is a bit. Yeah, it's really it's a two
track economy. You've got people absolutely hurting right now who
have mortgages on variable rates, and a lot of those
people are well and truly hurting. Then you've got those
that have paid off homes, the boomers and others that

(01:17:24):
are well off, paid off homes and actually doing quite
well from a high interest rates environment. And then our
growth rate was anemic in the most recent quarter overall,
but unemployment stays low. So yeah, it's a bit of
a mixed picture. I've got to say, I think politically,
if the government can get one interest rate cut, maybe

(01:17:46):
two before the election next year, they should be fine
and they should win reelection. But really so much of
it comes down to that interest rate question, and that's
why we're seeing a fair bit of jaw boning, a
bit of pressure on the RBA right now.

Speaker 2 (01:18:02):
As regards the election, what's your call? When is it?
You reckon?

Speaker 14 (01:18:06):
It'll be in April or May of next year, I reckon,
And I think there'll be a March budget in the
lead up to it, so the government can help try
and set a narrative a message for their second term
via the budget, and then they'll crack on into an
election campaign. So I'm saying sometime April or May of

(01:18:28):
twenty twenty five.

Speaker 2 (01:18:29):
Okay, this Royal Commission report into the veterans today to
be given to the government. And do we know anything
of it in terms of what it's found and what
it sees and more importantly, what the government are going
to do with it?

Speaker 14 (01:18:40):
Yeah, we do. Actually, this has been three years in
the making into veterans suicide. It's a shocking situation where
the rate of suicide has been way above the rest
of society in among veterans and serving personnel. It's been
the Royal Commission overseen by a well respected long serving

(01:19:03):
police officer, Nick Calvis, and it found that quite frankly,
there needs to be a massive shift in the culture
in the ADF. And Nick Caldas is saying he believes
this is at once in a lifetime opportunity to boost
the well being and health of our service men and women.

Speaker 2 (01:19:24):
Indeed, so there will be some sort of expectation that
the government comes to the party in some way, shape
or form.

Speaker 14 (01:19:31):
Yes, they're going to deliver this to the Governor General
this morning. I would imagine the government will respond almost
immediately as well, probably Ya the Prime Minister or Deputy
Prime Minister who is also the Defense Minister, Richard Marles,
and there's going to have to be some announcement and
almost immediately as certainly a response maybe they say, look,

(01:19:54):
we're looking at the recommendations. But either way, I would
imagine a bipartisan commitment to deal with because quite frankly,
it's somewhat of a national shame what we've seen in
recent times for our servicemen and women.

Speaker 2 (01:20:09):
It's gone reading about over the week in Mark Irvin
k C Senior barrister, is looking into the cfmups from
this side of the tasman Kiiren. It's like I just
cannot get my hit around how crooked these people are,
how much damage they've done, how we've all seemingly known
about it, including the labor government, for years, and now

(01:20:31):
it's all you know. I mean, it's what a miss.

Speaker 14 (01:20:34):
It's such a mess. It's a shocker. And in the
construction space you would remember Mike as well as many
of your listeners, this has been a problem going back
to the Hawk government, so they had to dis mantle
leg Construction Union at that time. And under the nose
of industrial watchdogs governments, this mob have been able to

(01:20:58):
be infiltrated by bikis, other criminals, standover people. And it's
not just if it's it's just them dealing with themselves,
it's fine, but you know, okay, well maybe we can
just let them damage themselves that they're actually damaging the
broader economy because they're driving up costs in construction and

(01:21:22):
it ends up hitting mums and dads and households anyway.
So I think, yeah, you're right, it is extraordinary that
it's gone on for as long as it has and
now this administrator gets in there and he's saying it's
worse than actually has been reported.

Speaker 2 (01:21:35):
All right, mate, we'll catch up here one Wednesday. Apreciated
very much, Kier and Gilbert, who's the cheap news anchor
at Sky newsing for the next couple of weeks on
the program that, by the way, it is sixteen away
from nine Sky Irving's worth reading about. So he says,
his words, the monumental and massive, his words, task of
tackling the infiltration of the bikes and the underworld figures

(01:21:56):
and the broader building sector was going to be the
hardest job of my life by a long shot. On
the information I've seen, the union went very bad. It
went worse than what has previously been reported. They, he
refers to, the police, have been nowhere near close enough
to where they've needed to be. They've been ineffective in

(01:22:17):
this space, and they need to be better. Hard to
argue with that, isn't it? Eight forty five.

Speaker 1 (01:22:24):
The Like Asking Breakfast Fall Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (01:22:29):
At b where I was thirteen away from nine earlier
reference on this program to this piece I read over
the weekend. Economic headline economic refugees flee from New Zealand
as cost of living crisis deepens. And that's kind of
the last headline you want to read about your own
country written internationally because it was on CNBC. You who
are a major operator amid high price is steep interest rates,

(01:22:49):
unemployment worries a record one hundred and thirty one thy
two hundred of its citizens have moved overseas in the
past twelve months. A lack of quality jobs for kiwis,
especially in New Zealand as younger generations, is accelerating the exodus,
with the trend unlikely to stop anytime soon. Once recognized
by the world as a picturesque and progressive safe haven,
New Zealand's frail economy has pushed many of its citizens

(01:23:11):
to leave the country. Isn't that a depressing thing to say?
And it's from the outside looking and they quoted NYE.
Now this goes back to my sort of overarching vibe
that if you're down on a place, you're down on
a place, and your argument actually doesn't literally factually make sense.
They quote a guy called Wilson Ong who's thirty two
works as a manager in a buyer in New Zealand's
fashion retail industry. In New Zealand, you feel limited in

(01:23:35):
terms of job opportunities and what you can gain in
work experience. Fair enough, it's his opinion. He's entitled to it.
They talk about the number of people who are young
who have left. They talk about the New Zealand government
response to the pandemic, the lockdowns, the mandatary fourteen day
managed isolation facility and all the damage that's caused to
the country. But they then go on quoting this guy
on who says, I think a feature of a bad

(01:23:57):
economy is a lack of opportunity to raise your way
just relative to the cost of living. Now, that simply
isn't true, because one of the things that has got
us in the maya that we're in currently is that
instead of being disciplined about it fiscally, we then handed
out in the last couple of years just ridiculous pay rises,
absurd pay rises, and that just stoked inflation. So to

(01:24:19):
say you didn't get major pay rises above and beyond
the inflation rate simply isn't true. So he's down on
the country. He doesn't think there's much opportunity here and
he doesn't think he got a pay rise. Maybe he didn't.
I don't know. But just last week I told you
about Woolwis who as part of their annual report, were
handing out eighteen percent pay rises in the last two years,
nine percent a year. Meanwhile, as the country's economy has

(01:24:41):
been sputtering in and out of recession, they talk about
the low wages generally and how people can broadly speaking
earn more in Australia. Then they go and quote an
economist who goes, there is little that New Zealand can
do in the short term to improve its economic conditions.
So by the time you get to the end of that,
as seen by the rest of the world, world, do
you think, boy, our image has taken a battering Ten

(01:25:03):
Away from nine.

Speaker 1 (01:25:05):
The Mike hosting Breakfast with the Jaguar f Base News
talks d's.

Speaker 2 (01:25:10):
Living away from nine. Are you were wondering why tourism
is down in New Zealand? Might see him as the
article gives you a window on how the world views
as well. I mean, really, if a country's a bit
down on it's lucky economically, does that affect whether you
go and go a bit of fly fishing and Tapa.
I wouldn't have thought so did they say a doom
was one of the ones who'd fleed the country. So true,

(01:25:31):
so true. The Prince Harry of New Zealand politics Kiwi
billionaire Bruce Plestad Mike backs a wealth tax with a catch.
I see radio in New Zealand have started the propaganda
campaign on behalf of the Labor Party. They should be
called out. John. I think you're probably overreading it slightly.
I've read the story this morning. It's all over the place.
I think it's been reprinted in the here all this morning.
Plus it's an interesting guy, a very likable guy. But

(01:25:52):
the catch, and that's the critical point. And he makes
the point I would make if you want to go
down this whole Chris Hepkins, let's have a discussion about time,
at age and tax. It's not a matter of simply
grabbing more money, as Plus did quite rightly points out,
it's the wastage that worries people. You don't need more money.
It's like the health debate that we've been talking about lately.
I think Luxon, who's back on the program tomorrow, By

(01:26:14):
the way, I think Luckson's got a spot on in
the sense that you know, how much more do you
need for health? For example, thirty billion dollars a year
for a population of five million people. That's plenty of money.
So you've got to look at then. Instead of calling
for yet more, what you do is say, what are
we doing with what we currently got? And that's Bruce
plus Dad's problem. It's all very well asking for more
tax and paying more, but where's the wastage? How much

(01:26:36):
wastage is there and how much you you know, literally
throwing down the toilet that you could save and spend
more efficiently elsewhere. I think that's probably worth having a
conversation about five minutes away from nine.

Speaker 9 (01:26:48):
Trending now will Chemist ware House the home of big
brand fate amens.

Speaker 2 (01:26:52):
But I do maintain I think I said it the
other day. If Hipkins really is determined to go to
the next election campaign in twenty six a within a
gen of more taxes, he literally is writing his death
warrant if he lasts as long as as that as leader,
And then his big idea to get back into power
in twenty twenty six is to go, guys, here's what
we've been doing for the last three years, having buggered

(01:27:14):
the economy completely. What I'd like to do now is
raide your pockets just a bit further. Do you think
that is a recipe for any sort of electoral success
at all? I don't think so. Five minutes away from Night.

Speaker 1 (01:27:25):
Trending now the home of Big Brand Cosmetics.

Speaker 2 (01:27:30):
Elton John he's been talking about Donald Trump. He's done
an interview for Variety and Trump and Kim John Ung
came up and he said previously he's not a massive
fan of Trump and his politics, but here's what he
says today.

Speaker 23 (01:27:43):
You're not a supporter of Donald Trump's He loves your music.
How did it feel when he took the lyrics to
rocket Man and he used it as a nickname for
Kim Jong Un, and then he gave Kim Jung Un.

Speaker 19 (01:27:55):
I laughed, was brilliant. I just good on your Donald.
I'm the rocket Man. Yeah. Donald's always been a fan
of mine and he's been to my concerts many, many times.
So I mean, I've always been friendly towards him, and
I thank him for his support. Yeah, when he did that,
I just thought it was hilarious. It made me laugh.

Speaker 5 (01:28:14):
He gave Kim John and the signed CD. Yes you
know which, Yeah, I know. Because he hasn't heard of me,
he can do it. May be very surprised if he had.
I've never toured North Korea and I have no intention
of doing so. But it was I thought it was
a light moment and it.

Speaker 2 (01:28:30):
Was fun exactly, and that's the way to you life.
When was that done? Was that recently? Does he talk
about his anything in there or not? We don't know. Okay,
So it's current because he's got I'm reading over the
week and he's got some sort of eye he calls
a fairly serious eye problem. So it'll be interesting to
see where that goes. Richard Quest looking Forward to his
Company on the program tomorrow will sort of go around

(01:28:52):
the world with Richard because he's a good brain in
terms of the geopolitics of the world at the moment.
So Richard Quest on the program tomorrow and Graham our
old mate. We'll be catching up with him on Thursday
Morning's program. Sobers a week on the Mike Hosking Breakfast
Look Forward to Your Company from six o'clock tomorrow morning.
As always, Happy Days.

Speaker 1 (01:29:18):
For more from the Mic Asking Breakfast, listen live to
news talks. It'd be from six am weekdays, or follow
the podcast on iHeartRadio