Full Show Podcast: 09 September 2025

Episode Transcript
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Speaker 1 (00:00):
New Zealand's home for trusted news and views.

Speaker 2 (00:03):
The Mike Hosking Breakfast with Rainthrover, Leading by Example, news Togs,
Dead Bull and Welcome Today.

Speaker 3 (00:10):
The Commissioner and the Policeman Stern the Phillip's Case. So
Brian Roche, Public Services Commissioner on his ongoing battle of
the education unions. Are good news from the super Fun
good news of euro Renter Catherine Field? Are the votes
gone badly? So we need a new government? Rod Liddell
checks in from the UK, asking it is seven pass six,
so tell you what I'd like to think. In fact,
we should all thank Kelly Echoldt, sometime participant on the

(00:32):
show most of the time economists at Westpac for us
thinking around the future of the Reserve Bank. As I've
said many many times, if one good thing came out
of COVID, it put the Reserve Bank its role and
influence front end center for many more of us that
may never really have paid attention to its workings and
its ability to shape everyday aspects of our lives. Eckold
suggests the new governor put the inflation target a little

(00:54):
bit higher than the one point three percent historically we
said at about two and a half percent, so chasing
less than that and have a lot of effects you
may or may not want do Remember some inflation's good.
You actually want inflation, you just don't want the amount
we've had, and you want it produced from growth, not
just the cost plus accounting from councils and power companies.
More importantly for me is the public accountability. He speaks of.

(01:14):
The quickly or debarcle shows you what can go on
if public disclosure is not as fulsome as it could be.
Echold wants the Monetary Committee vote made public good idea,
So it should be. It's not often there's a divergence,
but there has been lately, in fact, in the last
statement and involved the vote of four to two. They've
never had that happen before four to two. So why

(01:34):
don't we know who they were and what they said? Well,
the rules as they stand mean a person on the
committee can indeed out themselves. But you will notice from
last time no one did. Why not next time? A
press conference should be held after each meeting, not just
the ones that produce a cash right call good idea.
I cannot and I know I'm a wonk, but I
cannot press enough the value of watching these things live,

(01:55):
not just the Reserve Bank but politicians who these days,
thanks to digital coverage place like the Herald run them
in full routine them I mean Peter's over the weekend
spoke for an excess of an hour. It was an
interesting watch. The irony of that is you would be
amazed what you learn as opposed to what you may
or may not learn from a news bullet and edited
and often curtailed to a point of nonsense later in
the day. The best example on an ongoing basis of

(02:17):
the Prime ministerial press conference on a Monday after cabinet
yesterday was a good example, went for about forty five
to fifty minutes. It was interesting. So more press is
more transparency, which is more detailed, more sunlike, more inquisition,
more knowledge. What possibly could the Reserve Bank argue is
wrong with that?

Speaker 1 (02:33):
Wow, News of the world in ninety second time.

Speaker 3 (02:37):
In France, as the PM tries one last time to
convince his colleagues living within new means is not a
bad idea.

Speaker 4 (02:43):
I'm asking your approval on one single point, the realization
of the country situation. Trance has not a balanced budget
for fifty one.

Speaker 3 (02:55):
Years didn't quite get the message across to the national rally.

Speaker 5 (02:58):
When we hear about upcoming tax increases of more than
twenty billion euros more public spending with no savings made
on wasteful state spending, our responsibility is to stop these
people from further wrecking our public finances.

Speaker 3 (03:11):
No looking.

Speaker 4 (03:12):
This is the end of a ghost government, a shadow government.
In eight months, a number of invisible or transparent ministers
were able to produce only five laws.

Speaker 3 (03:29):
It didn't work. Three sixty four to one ninety four
wasn't even close. So Beo's gone. Governments collapsed and Macron's
going to have to find himself another Prime Minister. Catherine
with the detail shortly Middle East, the Palestinians, open fire
and East Jerusalem.

Speaker 5 (03:41):
Six of the While it was happening, I saw people falling,
getting hurt while trying to escape. I saw a woman
who suddenly fainted and another woman who was bleeding.

Speaker 6 (03:51):
Thank god I was spared.

Speaker 3 (03:52):
So what to do? Like Ukraine, I guess all roads
seem to lead back to this flog.

Speaker 7 (03:56):
I think I think we're going to have a deal
on Gaza very soon.

Speaker 8 (04:00):
It's a hell of a problem.

Speaker 3 (04:03):
Won't give again, It's a problem we.

Speaker 7 (04:04):
Want it solve for the Middle East, for Israel, for
for everybody.

Speaker 3 (04:10):
Then in the UK and new Home Secretary, new rules,
maybe for illegals.

Speaker 9 (04:14):
Countries that do not pay ball. We've been talking about
how we can take much more coordinated action between the
five highest countries and for us that means including possiully
the cutting of visas in the future.

Speaker 3 (04:26):
Rod little with that after thirty this morning finally knew
Benksy Mural. Do look at it because it's as always brilliant.
It's on the side of the Royal Courts of Justice
Central London. Chose a judge beating up a protester with
a gabble. Very Pillastinian nect of you followed that debicle
over the weekend. It's been covered by plastic sheets already
a metal barriers, but there are plenty of photos of
it around. It may not last long despite its artistic

(04:47):
merit that's new to the world in the ninety hard
to read at the moment given what's going on. But
we want China to do well, don't we for obvious reasons.
But we've got these tariffs and I'll come back with
some postal numbers in a couple of moments been anyway.
Their exports climb four point four percent in August in
US dollar terms, is that good? Not really? Lowest growth
since February. Imports up one point three percent last month
from a year ago, missed the Reuters target of three percent.

(05:09):
So it's hard to know whether they're struggling just because
they're struggling, or whether the tariffs are playing a part
or a combination of the both. But there's the numbers.
Twelve past six.

Speaker 2 (05:19):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks av.

Speaker 3 (05:28):
The Stateside had winning a loss for the president, so
he's lost on e Gene Carroll. The court rejected his
bit to overturn that jury verdict. The he owes her
eighty three point three million dollars. They argued it was
excessive and he's got some sort of presidential immunity. Now,
quoting the Supreme Court, they said, don't worry about it.
You lose. On the upside, the Supreme Court has allowed

(05:50):
the Ice National Guard thing to continue the so called
roving patrols in southern California. The lower court said it
violated the Fourth Amendment. The Supreme Court said, not true.
So you can hit the streets again. They didn't offer
an explanation to how they got there, and there was
somems sharp descent from the three liberal justices. But apart
from that, it's a win. Fifteen past six j My

(06:13):
Welth Andrew Keller, how good morning, very good morning, marking
the stage CPI, the PPI, the stagflation, the growth, the mood,
the vibe, what's going on.

Speaker 10 (06:22):
Yeah, let's talk stagflation. And I'm prompted to do this
by that absolute shocker of a number that we saw
in the US labour market over the week and that
non fun parilsnum that you spoke about yesterday morning. And
I think you made the comment, the very perceptive comment
that getting rid of the head of the Bureau of
Labor Statistics hasn't improved the numbers so much that the
numbers are what they are. But anyway, we're starting to

(06:43):
see more headlines now featuring this concept of stagflation over there,
which implies very low growth but problematic inflation, and that
is a very tricky situation for the central bank to handle.
It's one of the most difficult things that a central
bank can deal with.

Speaker 6 (06:58):
Now.

Speaker 10 (06:59):
I note Mike that this week sees the release of
what these large scale historic revisions, so a big, major
tidy up of data of the non farm payroll data.
This happens once a year and it looks back to
sort of the year to March twenty five. But I
expect this number to be significantly negative. It's not going
to help the vibe at all. And then over the

(07:19):
course of this week we've got their consumer price inflation
and producerfly price inflation releases in the States. Now, I
just want to the point here is that the definition
of recession in the US is a bit different from here.
It's easy. Here, we just say two quarters of negative
GDB growth. There you go, you've got a recession. But
in the States, the National Bureau of Economic Research is

(07:39):
the arbiter of what constitutes a recession, and they talk
about a significant decline in economic activity across the country
that lasts for more than a few months, across a
range of factors. Now, whereas a recession does seem likely,
it's not that hard to point the finger for what
could be significant US economic malays at these trade and
terrif issues. The FED is argued all along that the

(08:02):
impact of tariffs possibly won't feed through the households for
an extended period of time if you think about it.
They really came into play, you know, July August, so
you know, you're probably not going to see the impact
of these through to the end of the year. And
that's one of the key uncertainties and a factor it's
behind the Fed, you know, not moving the Fed funds
rate as quickly as the US administration would.

Speaker 3 (08:22):
Like to see it moved.

Speaker 10 (08:24):
Now, what I will say is that the futures pricing
in the US now is fully pricing in a cut
in the FED funds rate on the seventeenth of September.

Speaker 3 (08:32):
So that's next week.

Speaker 10 (08:33):
And almost three cuts by Christmas. So it looks like
the weak labor market will trump the inflation concerns as
far as the market's opened.

Speaker 3 (08:42):
Okay, so that's the stage. What about here? Next week?
Also we get our big Q two read So what
do we need? Where are we at with that?

Speaker 6 (08:49):
Well?

Speaker 10 (08:50):
So yeah, we get the release. So today, Mike and
you say, and we get the release of what will
be the final imput since the Q two GDP forecast.
So you had that building work put in place that
was sort of one of the last partials. It wasn't
as strong as had been hoped, but it still points
to the GDP outcome being a bit higher than the
minus zero point three percent forecast contained in the most
recent RB and Z month for Policy statement. Today we

(09:12):
get the release of what called the Business Financial Employment
data for the June courter that includes manufacturing data. Now
this this will or should allow the local economists to
finalize their GDP forecasts. Look, we won't even get close
to the zero point six percent the Lucky Country punched
out over the second quarter across the Tasman but Isis's
forecasts are going to be close to zero than that

(09:34):
minus zero point three And if you look at the
RB and Z, the Army said to a great Page
Mike that the GDP now live cast.

Speaker 3 (09:41):
It's a forecast.

Speaker 10 (09:41):
You can go the RB and Z you can have
a look at it. That has improved since the Monetary
Policy statement.

Speaker 3 (09:46):
So that's GDP. That's next Thursday.

Speaker 10 (09:48):
You've got a whole bunch of other data this week.
You've got PMI on Friday and the POSI next Monday.
Got migration numbers, cards, spending, all good stuff, and we'll
update those over the course of the week.

Speaker 3 (09:58):
And itallytastic. What are the numbers?

Speaker 6 (10:00):
So at the.

Speaker 10 (10:01):
Moment, the down Jose is down two points. I'd call
that stable. Forty five thousand, four hundred. The S and
P five hundred is up three points. That this is
all fairly quiet, six four eighty four, and the Nasdaq
is up one hundred and nineteen points twenty one thousand,
eight hundred and eighteen. Overnight, the forty one hundred gained
zero point one four percent nine two two one was

(10:23):
the close there. The NICK up six hundred and twenty
five points. More political ructions, of course, one point four
foot in Japan one point four five percent gain their
forty three thousand, six hundred and forty three. The Shanghai
Composite gained point three eight of a percent. That's fourteen
points three eight to six the close there. The A
six two hundred lost about a quarter of percent yesterday,

(10:45):
twenty two points down eight eighty five oh the close there,
and the enseidets fifty gained point four to four of
a percent fifty eight points thirteen thousand, two hundred and
eighty one the close. The ends of the New Zealand
dollar has actually lifted a bit against the US, it's
a point five nine three back OVID ninety cents against
the Aussie dollar, point nine zero zero, eight point five

(11:05):
h five zero against the euro, point four to three,
eight to two against the pound, eighty seven point six one.
Japanese end goal surging again three thousand, six hundred and
thirty four dollars and break crude sixty six dollars and
eight cents.

Speaker 3 (11:18):
Ketch up tomorrow. Andrew Kellah at jomowealth dot co dot
n z. It's interesting developments. He mentions, Japan, I've got
a couple of names for you in just a moment.
By the way, Manhattan offers leasing this SUGG just sort
of caterer as to where the New York economy might
well be at. It's increased twenty percent in August. The
line this from Colliers three point seven million square feet.
If demand continues, it's going to be back above twenty nineteen. So,

(11:41):
in other words, back above the COVID peak. And the
COVID was a disaster for New York as everyone left
and went to Florida. Average asking price is seventy four
dollars and seventy three cents a foot. Is that a lot? Yes?
It is, so Manhattan seems to be back six twenty
one at Newstalk.

Speaker 11 (11:54):
Said b.

Speaker 2 (12:00):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, Howard
By News talks at me.

Speaker 3 (12:07):
It's all God at the moment. France looking for a
new prime minister, Catherine shortly, but as I told you
this time yesterday, the Japanese Prime minister he decided to quit.
So they're looking for a new prime minister as well.
A couple of names, not that they will mean anything
to you. One of them's Koizumi, current Agriculture minister, but
the other one is Takaishi. Now Takaishi's woman, and the
significance of her being a woman is if she wins.

(12:29):
And these are lots of names in the mix, but
these are the two key names apparently, and Takaishi would become,
of course, the first female prime minister ever, so there's
potentially a little bit of history in the making there. Mike,
I'm not a union memory yet a lot of this.
I'm not a union member, and I agree with you
about performance pay, but how on earth do you assigne
who's got this regards teachers the same way I've been

(12:49):
arguing this for like forty years, the same way you
decide anybody's any good. Every single job in the world,
every parent who ever took a kid to school, every
grand parent who deals with their kids' homework in the
teacher only days, and all the other stuff. Everyone knows
who a good teacher is. It's not difficult. I own
my own business, Mike, don't pay myself that I referenced

(13:11):
to one hundred and ten thousand dollars in terms of pay.
I'll come back to that. I bet you. That's the
case with most small businesses, Mike. If the teachers don't
like the pay, they could get a different career. I mean,
I wouldn't go that far personally. I'm a primary teacher
of thirty years. I owned ninety seven thousand dollars. I
do not want to strike. I voted to accept the offer.
We'll get on you six twenty.

Speaker 2 (13:30):
Five trending now Jim as Well Spring Frenzy sale on now.

Speaker 3 (13:36):
I'm dealing with it all, Sir. Brian roche with us
after a seven o'clock new documentary Life and Death of
John Candy. He died back in ninety four. Seems hard
to believe it was that long ago. He's only forty
three heart attack. He's considered one of the best, certainly
out of Canada. Uncle Buck plane trains and automobiles. That
was brilliant call Runnings.

Speaker 2 (13:53):
I can't tell you what was rate a boy Chin
Candy or what was wrong, but he was my friend and.

Speaker 1 (14:00):
To cry though when you see his face Amir.

Speaker 10 (14:05):
Gush Bolinsky Polk King of the Midwest, Elgriffith, director of
Sales Shower Curtain Ring Division.

Speaker 6 (14:10):
This is a guy who the minute you see his face,
you're gonna smile.

Speaker 5 (14:14):
Even though John did distinctly different characters, John was always there.

Speaker 1 (14:19):
And when you make winning your whole life, you have
to keep on winning. You've been in more turkeys than
a stuffing next see. I think the weight of everything
he was doing was just too much. He lived his
life very much like the movies.

Speaker 12 (14:32):
He was the child that made everyone happy, and he
was the adult that did that.

Speaker 3 (14:38):
It's called John Candy. I Like May. Produced by Ryan Reynolds,
Colin Hanks, stories and interviews from Steve. You will recognize
some of the boys of Steve Martin, Bill Murray Muttin Short,
Eugene Levy, Catherine O'Hara, Dan Eck, Royd and others. It's
out and he is the good news. It's out on
Prime Video this Thursday, so you've only got a couple
of days to wait.

Speaker 8 (14:56):
Now.

Speaker 3 (14:56):
He's a small irony. Oh super fun. This is the
whole thing that's designed to save us all from superannuation mageddon.
It's doing really well, and it's always done really well,
and it did really well when a bloke called Adrien
All was running it, which I think is slightly ironic
given circumstances. And ladle up anyway, we'll give you the
latest numbers which were yesterday.

Speaker 2 (15:18):
Setting the agenda and talking the big issues the Mic
Hosking breakfast with Bailey's Real Estate covering all your real
estate needs news togs head be if you just.

Speaker 3 (15:28):
Joined us class as looking for yet another new prime
Minister and Macrons in charge of that particular John Casminfield
with a shortly meantime back here at twenty three minutes
away from seven some good economic news in the form
of the New Zealand Super Fund, which continues to provide
excellent returns for the country and in doing so somewhat
offsets that great superannuation debate. The returns came in at
almost twelve percent over the past year, so the fund

(15:48):
has ground to eighty five billion dollars. Suggestions now it'll
crack one hundred billion by twenty twenty eight. Joe Townsend
is the super fun CEO. Joe Morning, good morning line
and well done. You must be please with the activity,
intensity of activity versus riding the markets. How active are you?

Speaker 13 (16:07):
So the result of eleven point eight four percent was
surely reflective of very strong global equity markets after over
the past year. However, through our active investment strategies, we
did manage to add almost an additional one percent, which
you know, might not seem like it's an awful lot,
but it's the equivalent of about seven hundred and forty

(16:28):
five million dollars over the past year.

Speaker 3 (16:30):
What do you make at the markets to the moment
because people who don't follow this, excuse me, we're all
in a cost of living crisis, yet the markets are
through the roof.

Speaker 13 (16:38):
Yeah, well, it's interesting, right because I look at the
numbers over the past five years and they've been incredibly
strong despite what seems to be an ever increasing amount
of uncertainty in the world. So it just goes to
show that, you know, it's almost impossible to pick what
the market's going to do over the short term, whether
it be one year or five years. You know, our

(16:59):
job is to build portfolio that is resilient enough that
we can cope with markets when they're going up, which
they've been doing for quite a long time now, but
also to cope with markets when they're not so good.
And you know, we saw an episode of that earlier
this year with the announcement of the tariffs. You know,
for a long term investor like us, we try really
hard not to get caught up in the day to

(17:21):
day noise as markets, and so when markets are falling
during periods like that, you know, that's very much It
can be a good buying opportunity for us to go
into different markets and pick up assets that are cheaper
than what they were previously.

Speaker 3 (17:36):
How unusual is what we're seeing at the moment in
terms of the tariffs and the presidency and the global
trade situation and all that. How wacky is it?

Speaker 13 (17:45):
Oh, Look, it's really difficult to do scenario testing for
environments like we're in at the moment because the outcomes
can be quite binary, and it's really difficult to forecast
where markets are going to go and so you know,
we do a lot of scenario tests. But again, our
job is to make sure that we've got the most
robust portfolio that we can build for all all different

(18:07):
market environments.

Speaker 3 (18:09):
Is it robust with blue chip you know safety or
are you you know in the corner they're doing a
little bit of risk?

Speaker 13 (18:17):
Oh well, the thing about investing is that you have
to be prepared to take some risk to earn additional returns.

Speaker 7 (18:23):
And so we.

Speaker 13 (18:24):
Spend an awful lot of time thinking about risk and
assessing where we believe we understand risk and it's a
worthwhile investment to make. But our starting position is that
we have an eighty percent allocation to equities and that
is a reasonably growth oriented, risky starting position, and so

(18:45):
we believe that that's an appropriate setting for a fund
life the New Zealand Superfund. Because we are a very
long term investor. This fund will not peep in terms
of its importance to Zealand in terms of its GDP.
For another pigs well, and that context where you believe
that risk will be rewarded if you take risk, well,

(19:09):
we've seen it's fill appropriate setting for the fund to
have nice.

Speaker 3 (19:12):
And I appreciate Joe Joe Townsend, and I mean you
can argue twelve percent over the past year. And as
I've said, if you've followed the fund over the years
when all was running it, they've always In fact, it's
one of the in terms of returns, it's one of
the most successful funds in the world, which is good.

Speaker 2 (19:27):
Nineteen two The Mic Asking Breakfast Full Show podcast on
iHeartRadio coward By News Talks.

Speaker 14 (19:34):
It be.

Speaker 3 (19:36):
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offer subject to change without notice. Very good, give me
one glimp asking very good red meat numbers for you
once again, Thank the good Lord. The farmers are doing
the business. I'll come back to that. But speaking of numbers,

(20:41):
just let me warm you up for our chat with
Brian Roach, the Public Services Commissioner. Dealing with the teachers.
So pay increases for primary between three thousand, eight hundred
and nine thousand, four hundred ren regular annual progression included
over the two years, you're looking at an increase of
seven thy seven hundred through to six sixteen thousand, nine hundred.

(21:03):
Average salary for primary school teachers increased from eighty five
thousand three years ago to ninety four thousand, now fifty
seven percent of full time. Primary teachers are now earning
between nineteen one hundred and ten thousand dollars and sixteen
percent are earning over one hundred and ten thousand dollars.
Does that strike you as pretty good?

Speaker 11 (21:21):
Six forty five international correspondence with ends in eye insurance,
peace of mind for New Zealand business.

Speaker 3 (21:28):
Frank Gatinfield in Morning Inclod Morning, mate, I think that
interested me most. I think we all knew he was
going to lose. Is how much he lost by? Why
was he routed that way?

Speaker 15 (21:37):
Well? Yeah, time is up for French Prime minister. So
by who nine months in office and who would have
believed that he would have such a resounding kicking out
of office? Mike, Nearly two thirds of Parliament voted against him.
Not only that, some fifteen MPs from his own party
also voted for him to leave the scene. So pretty

(22:00):
extraordinary scenes after only nine months in office.

Speaker 14 (22:04):
Part of it, Mike was his attitude.

Speaker 15 (22:08):
He antagonized part of my who seemed to antagonize everyone
he spoke to. He didn't negotiate, he didn't try and
seek coalitions. He sort of stayed within his sort of
fractured right wing block in Parliament.

Speaker 14 (22:22):
And talked among them themselves.

Speaker 15 (22:25):
Then when it came to putting a budget for next year,
he just put together a budget and handed it down
and said, this is what we're going to have. It's
going to be what eighty seven billion New Zealand dollars
worth of savings and if you want to talk to me,
you know where I am. So of course that really
did annoy people. The parliamentarians were saying, no, you know
the way that you do this, if you've got a

(22:46):
split parliament like this, a minority government, you come and
talk to us before you.

Speaker 14 (22:50):
Put the budget down. So that didn't go down well.

Speaker 15 (22:53):
And I think there were two more things that really
did rile parliamentarians. One was he said over the summer
months he couldn't get in touch with any of the parliamentarians,
any of the MPs. He said they were all on holiday,
so it was as though mobile phones didn't even exist.
The other thing we're hearing was that he led Emanual Macron,
the president, to believe that he had already talked to

(23:14):
the other political parties about this vote of confidence, and
it seemed that he hadn't, and so Emanual Macron is
going to be meetings hansel By, who was just under
twelve hours time from now, and we'll say, yeah, you've
got to stay.

Speaker 14 (23:28):
On as a caretaker until we get a new prime minister.
But you're fired.

Speaker 15 (23:31):
You singly failed to do the job I put you
in there for the country is still in fiscal chaos.

Speaker 14 (23:39):
And everything will just go on.

Speaker 15 (23:42):
The President's office has said there will be a new
prime minister in the coming days.

Speaker 3 (23:47):
Right, does you exactly does this reflect badly on Macron?
I mean he can't keep picking prime ministers.

Speaker 15 (23:53):
Kenny Well his alternative, he can keep picking prime ministers. Yeah,
this is only a political crisis, it's not constitutional crisis.
He could dissolve parliament again, it's been more than a
year since there were parliamentary elections. But if he does
that then his party would do even worse than it
did just every year ago. You would still not have

(24:14):
a strong central government a parliament there. And there is
also the risk that Marhine la pen in the far
right would do better. The latest shows that would come
in with around thirty one percent of the vote, so
that's way ahead of the Left block which were coming
at twenty three percent. So he's just got to keep
fumbling along.

Speaker 3 (24:35):
Interesting how much of the weight of the argument you'll
append your national rallies, which is, we're not against what
you're trying to do. It's just like, have a look
over there at the waist, and we're over there at
the waist and start tiding up some of the waste
that we see as waste as opposed to what you
might see his waste.

Speaker 14 (24:50):
Well, that's exactly it.

Speaker 15 (24:52):
You've not only got mahinla Pen the far right saying, hey, listen,
you know, don't just cut government spending, don't just cut
healthcare spending. Have a bit more of a of a
you know, finger on the wallet of the super rich.
You get some money from them. And that's exactly also
what the socials say. On the left, there's saying, you know,

(25:12):
let's have a rich text, the ultra rich should be
taxed more. The thing.

Speaker 14 (25:16):
The other thing is essentially mat Krome.

Speaker 15 (25:18):
He's got what two years, not not even two years
after an office. He's a lame duck when it comes
to to the domestic politics anyway, and no one likes him.
His opinion whole ratings are really low. At the best,
he can sort of scuffer together eighteen percent approval ratings,
so no one wants him to succeed, so all he
can do is try and find another prime minister.

Speaker 14 (25:40):
And as they're saying here, you.

Speaker 15 (25:41):
Know, just in the last couple of minutes, the joke
around is next, please, who wants it next?

Speaker 3 (25:46):
Well, that's the thing, isn't it. I mean you need
to find I suppose Barney was like that. You know,
he'd been doing other work. He's probably sitting there having
a good time, and he said, do you want to
do me a favor and run the place for a
while and see when you get some numbers through the house.
You need to find somebody who's gone. Look, I'll give
it a crack, but I mean, who wants that?

Speaker 15 (26:01):
Well, this is also the problem when you've got presidential
elections coming up in just under two years time. No
one wants to have their copybook blotted by having ruined
the economy, of being behind a widespread process that break out,
which is expected that there will be protests the next
couple of weeks. There's almost someone somewhere some of the
names that have been dripped up, you know, politicians have

(26:24):
retired and they can bring them back to sort of
mind the shock. So steady the ship, and I think
that is actually what Macron does, what and if anything
that was fast our Byrooy managed to do. They kind
of stabilize it for a while domestically, which allowed Macron
to go and do what he does on the international scene,
which French people do like all.

Speaker 3 (26:45):
Right, Catherine, good to catch up with you. So you
asson Catherine Field in France for us this morning. And
I mean that's before we get to Britain, which is
equally a cluster at the moment, after the reshuffle and
the resignation in the boat for the deputy Prime Minister
and all the new jobs that will come to rod
later on mine away from seven, the.

Speaker 2 (27:01):
Make Hosking breakfast with Rainthrower news TODs dead b.

Speaker 3 (27:06):
By the taxpayer union poll yesterday. I wasn't a national
upper bur labor gone nowhere anyway. The point is sixty
one sixty. Everyone seemed to make a headline out of it.
It would be a change of government. I mean, will
it really? I mean if you look at the numbers
for the parties, the Greens are at almost eleven percent,
that's not real. To party Murray is at four and
a half percent, that's not real. It's not remotely real.

(27:27):
So all the rest are you know, apparently actor at
six point seven. It may or may not be real.
But they're down two points. I mean, you don't lose that.
There's too much movement, is what I'm saying. It's up,
it's down, it's all over the place. The by election
was going to be close. Woops, Now it wasn't five
minutes away from seven.

Speaker 2 (27:48):
Well, the ins and the outs, it's the fiz with
business flavor, take your business productivity to the next level.

Speaker 3 (27:55):
Telling it's going to be close, and that's going to
make the next year an exciting year. QB house price startup,
what can I tell you? Down for the three months
until August, So the last three months until August down
zero point eight on average, So the average price around
the country nine oh seven. Now Queen's down laughing up
two point five percent, that's almost a percent a month.
Also an increase one point seven percent in Hastings. A

(28:16):
couple of small ones tower on a zero point three
in picangle zero point four, New plymth zero point one,
all moving in the right direction. Nelson largest quarterly drop
at three point two. That's over a percent a month,
what's going on? Nelson? Wellington down two point four, Auckland
one point four, Hamilton one point two. Christ It's down
one point two. Hamilton's interesting. Wait till I get to
Hamilton Central. The Needon down zero point seven. It's flatish,

(28:37):
apart from the odd exception, flatish. I think we're settling
down a bit now. If you want to do your
peak numbers, Auckland's down twenty percent on peak, Wellington's down
thirty percent on peak. Once upon a time, Wellington, your
house was worth one point four million, Now it's worth one.
You've lost four hundred thousand dollars and you've got Tory
Queenstown now one eight six. Your home is worth two

(28:57):
hundred and seventy thousand dollars more than it was in
twenty twenty to it's the place to be now. As
regards my big bet with Andrew Callaheer, I said prices
would rise seven percent for the year. I am, of
course right if you isolate out Techapoe as the singular
example of that, and in the techapoe is up seven percent.
See I told you, and I think that's what we've
been focusing on. I said, you know where Tekapo goes,

(29:18):
the market goes. I mean, that's an old saying in
real estate. And what about Hamilton Central, So Hamilton General,
don't worry about what I said about them. Hamilton Central
up six point eight percent? Shall we call that seven?
Shall we call it lunch?

Speaker 6 (29:28):
No wonder they call it the city of Love.

Speaker 3 (29:30):
That is exactly what's going on there, right News me
in a couple of moments, Police Commissioner Richard Chambers, Mark
Mitchell on the same subject later on, and the Brian
Roach with us as well.

Speaker 2 (29:43):
The Breakfast Show, Kiwi's Trust to Stay in the Know,
The Mike Hosking Breakfast with a Vida, Retirement, Communities, Life
Your Way News togs.

Speaker 3 (29:52):
Head been seven past seven, so after virtually four years,
the Tom Phillips saka came to a conclusion yesterday in
dramatic fashion. Phillips as dead. A police officer remains in condition,
but the children are safe, with the remaining two haven't
been found. Late afternoon, Richard Chambers, Police Commissioner with us,
Good morning.

Speaker 6 (30:06):
Good morning, Mike.

Speaker 3 (30:07):
As we sit here this morning, the overarching approach of
the police in allowing this to go as long as
it did. Your views are what.

Speaker 12 (30:16):
Well look First of all, Mike, I am very very
relieved that we have safely recovered for children. Our goal
was always to ensure they're safe recovery. It was also
to ensure the safe arrest of mister Phillips that played
out in a way yesterday morning that none of us
hoped would occur, but it did. Yes, it's taken a while,

(30:40):
and I know there'll be questions, but I've been brief
throughout this process. I know my staff have worked very
very hard for a very long time in very challenging circumstances, dances,
and you know, it's there's obviously a lot of work
to do now in terms of putting the puzzle together,
but I know how hard they've worked, and I'm just
very very relieved that the children have been recovered safely.

Speaker 3 (31:03):
I think we all are. Having said that, when you
talk about the questions, who's asking the questions? And are
you asking the questions of yourself? And is that an
official process?

Speaker 12 (31:13):
Absolutely it is, Mike. Yes, Look, we ask questions of
ourselves all the time. Even I have been involved in
that this year while I've been the commissioner. I visited
staff at their operation day, so visited staff out in
the field and the bush late at night. You know,
I've shown them my best support, and we've always asked
questions of ourselves. We challenge ourselves. We've spoken to other

(31:34):
law enforcement, we've spoken with private providers of capability. We've
done everything, and my staff have done a magnificent job,
very very challenging circumstances.

Speaker 3 (31:46):
That sounds like because I was going to ask, was
this a deliberate approach? In other words, were you worried
that the children would be harmed therefore you didn't want
to bring it to a dramatic conclusion or your comments
previously indicate that perhaps you were looking, but you simply
couldn't find them.

Speaker 15 (32:00):
No.

Speaker 12 (32:00):
Look, we have always been very very concerned, Mike. We
knew that we were dealing with an armed, a dangerous
and a very motivated individual in mister Phillips, and we
had to be very very cautious about the approach that
we have taken. You know, that played out yesterday morning
in a way that we suspected it could, which is
not something that any of us wanted. But our assessment

(32:23):
of the situation over the last four years has been
spot on, and that was shown yesterday morning when when
we confronted mister Phillips, he shot one of my staff and.

Speaker 6 (32:39):
We had to return fire.

Speaker 12 (32:41):
And we have always been concerned that that may be
exactly what occurred, and of course that may also involve
the children.

Speaker 3 (32:48):
When you found the camp and the two kids at
the camp last night, was it a place where you
thought it's no wonder we didn't find it, or was
it a place you thought, hell, we should have been
here sooner.

Speaker 12 (32:58):
Well, look, we are very confident that this is not
the location where they have spent a considerable amount of time.
We believe they have been moving around. The terrain in
this area is challenging, and they've been on the move,
and they were deep in the bush about two kilometers
away from where the shooting occurred yesterday morning. And we

(33:18):
also had information that there were further firearms at this campsite.
So again, yes, it took us a while to ensure
the safe fortaviary of the children yesterday, but we had
to take that approach because we knew that there were
firearms present and we could not we could not risk
anything plan out that might compromise the safety of those children.

Speaker 3 (33:38):
All my staff correct me if I've got this wrong,
but the officer going to the burglary was by himself.
Back up was coming, but in an area where you
knew he probably was and there would be a burglary
or some sort of issue in the early hours of
a morning. Why was a singular police officer going to
something like that.

Speaker 12 (33:55):
Well, look, I was in Albourn yesterday. I got a
phone call it one pin forty seven in the morning,
and as soon as that happened, I jumped onto our
police system and I had a look at the number
of units that were in the area at the time,
and yes, that support was close by, and that obviously
played out yesterday morning, thank Heavens, with the backup that
was there on the spot. So he was in a

(34:15):
car police on his own, but he was with his
colleagues Yesaturday morning, so I'm confident that support was what
I would want it to be.

Speaker 3 (34:24):
Okay, how is he?

Speaker 12 (34:26):
Look, he's spent most of yesterday and surgery. He's got
serious injuries to his head and his shoulder, and I'm
looking really forward to gain seeing him and his family
this morning.

Speaker 6 (34:37):
In the way.

Speaker 3 (34:37):
Kto the thing that bugged me the whole time is
this community thing whereby somehow this guy's a hero, or
he's allowed to do what he wants to do, or
I don't understand that. Do you deal with that? Is
that common in rural New Zealand?

Speaker 12 (34:51):
You mean in respect of mister Phillips. Yeah, he's not
a hero.

Speaker 3 (34:55):
No, I know that, I know that, But people defend him.
They still defend him to this day.

Speaker 12 (35:00):
Oh sure, Look, look you know there's I'm sure there
are some in the community who may defend him. Look,
we just dire with the situation that we need to
in a way that the community and the public would
expect us to. And our priority has always been the
safer rest of mister Phillips in the same recovery of

(35:20):
the children, I respective of what people's views may be,
whether that's himself or other people in the community. So
we just get on with the job. Very proud of
myselff who's done a remarkable job. And I'm just very
very relieved.

Speaker 3 (35:31):
Appreciate your time. Richard Chambers Police Commissioner, Mark Mitchell, Police
Minister with a shortly meantime at thirteen minutes past seven.
The industrial landscape, more strike action possible by teachers. Secondary
teacher has been off at two point five and two
point one over two years. Union once that rejected meantime
Primary two point seven and four point one de mite
finding warnings there's no more money, Sir Brian Roaches, the

(35:52):
Public Services Commissioner, and he's.

Speaker 1 (35:53):
With us morning, good morningly.

Speaker 3 (35:55):
On a scale of one to ten, ten you want
to ring somebody's neck. What's your level of frustration over this?

Speaker 16 (36:02):
Definitely around eight to nine, because I think it's a
genuine lost opportunity to get a good outcome on a
timely basis that benefits teachers.

Speaker 3 (36:12):
Primary, particularly four point one. What's the problem?

Speaker 16 (36:18):
That's a problem. That's a question you really put to them.
We thought really hard about this. We were always wanting
this round to go as quickly and as efficiently as possible.
I think it's a very credible offer, it's very fair,
and it reflects since trade offs who've had to make.
So the fact that they've rejected it, I just it's
illogical to me.

Speaker 3 (36:38):
I know there are differences between jobs. I get that,
but the secondary at two point one versus primary at
four point one, why is there a difference and is
that potentially an issue?

Speaker 15 (36:48):
No?

Speaker 16 (36:49):
Those one is over one year, the other one is.

Speaker 6 (36:51):
Over the period of the term.

Speaker 16 (36:53):
So it's it is very fair and equitable between all
teachers across the whole sector. And something we did. We
decided last week to send a common letter to all
three of them, as I said earlier, because we are
already determined to stop the disruption to the children, the students,
the parents and the teachers. And I'm very surprised that

(37:14):
they've rejected it out of hand.

Speaker 3 (37:16):
From their point of view, is this about money or
other stuff?

Speaker 16 (37:21):
They say it's about other stuff, but that's a mystery.
I think ultimately it's about the headline number. I think
the headline.

Speaker 6 (37:27):
Number is very good.

Speaker 16 (37:28):
There's been a significant investment put into education this year
by the government through the budget. We've done a lot
of things including paying this teacher's registration for each individual.
These things all demonstrate goodwill and commitment to the public
education system.

Speaker 3 (37:44):
The callback days explain what they are and is that
part of the issue.

Speaker 16 (37:50):
I understand, it's the issue that I haven't heard that
for me say look, I'll just talk you through so
that the callback days, basically, the teachers get paid fifty
two weeks a year, twelve weeks of which is non
contact time. So what we're saying is actually, we currently
have the ability to call you back for more to
ten days. We're looking at another ten days. They are

(38:13):
getting paid for this. It's not that we're depriving them
of anything. We're just asking them to be available for
basically time when the students aren't at school for development
career development. It is entirely reasonable. We are not shorthanding
anyone here or short changing.

Speaker 3 (38:32):
So what's their problem They don't want a call back
day no matter what you pay them, or they want
more to be paid for a callback day.

Speaker 16 (38:40):
It would seem I'm genuinely confused. I'm not avoiding the question.
We already pay them, we have the ability, and we're
asking for them to make themselves available. I think it
is entirely reasonable as somebody who funds them, that we
have some determination over the twelve weeks non contact.

Speaker 3 (38:57):
How far apart are you in do you think?

Speaker 17 (39:02):
Well?

Speaker 16 (39:02):
I didn't think we were far apart at all. I
just think there has to be other issues which have
not been brought to my attention. We're not trying to
be stupid here, We're trying to find an efficient way through.
It is a new bargaining ground.

Speaker 6 (39:13):
It was always going to be difficult.

Speaker 16 (39:15):
I'm just really disappointed at where we've ended up because
I think there are the lost opportunity for the teachers.

Speaker 3 (39:21):
And also, in your gut, how much of this is
about the unions as opposed to your average teacher. If
you rounded ten of them up and ask them and
talk to them, is this a union issue or a
genuine teacher issue and all teachers are behind the union?

Speaker 1 (39:34):
I have my.

Speaker 16 (39:35):
Doubts actually on that, Mic. I think most teachers just
want to be in the classroom. They want some certainty
and they want some reward.

Speaker 3 (39:43):
That right, I appreciate it very much. Brian Rose, who
is the Public Service Commissioner. Speaking of wages, I'll come
back with some interesting numbers around our economy just a
couple of moments seventeen past.

Speaker 2 (39:55):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks that be.

Speaker 3 (40:01):
Just before I come to the wages and the wages
for everybody. By the way, our economy in general, international
comparisons were made yesterday and it's not particularly good reading,
but be that as it may. That's what happens when
you take an economy. Let me come back to that
on education, though, you know, I'm a fan of the
charter schools, not as a magic bullet or a silver
bullet or anything like that, but just as an alternative.
Listen to this. So Kaikoe Northern College, they're looking to

(40:24):
become a charter school, first state school to public publicly
reveal their doing so. The principal, Dwayne Allen, formerly a
strong opponent of charter schools, but after five years in charge,
he saw a need to try a different approach. We've
got really really good people here who are working really
hard to try and come up with innovative solutions within
the current system, and we haven't been able to get
the direction that we'd like to. So it's a genuine

(40:47):
investigation and a step into an alternative that we think
could be quite powerful. It's encouraging, isn't it? Seven twenty one.

Speaker 2 (40:55):
The Mike Asking Breakfast Full Show podcast on iHeartRadio.

Speaker 11 (41:00):
Goll It by Newstalks Evy Right.

Speaker 3 (41:05):
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I'm sure you're well aware, they are the black boxes.
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Innovation leaders since the year two thousand scheme Liven twenty
four right, simple lesson in running an economy, and it's
fall out if you get it wrong when it comes
to income growth, We're one of the worst in the
world and sorry to tell you this. In the past

(42:09):
decade we were twenty five out of forty three countries.
That's bad enough, But in the past couple of years
we learned yesterday post COVID the induced recession of all
robertson adorn the usual suspects. We're now thirty seven thirty
seven out of forty three. Why because when an economy
goes backwards, there are lots of people looking for work,
but not a lot of work to do. So you
don't have to pay people as much as you might
have if you couldn't find anyone to do the job,

(42:30):
because they are all gamefully employed. Side note, by the way,
is a bloke called Girko runs a company called XDX Markets.
He's currently offering interns who want to deal with AI
and trading fifty three thousand dollars a month a month.
That's because the world can't get enough excuse me tech geeks,
and the ones who are good are offered a fortune.
It's good old fashioned supply and demand. Basically, the banks

(42:51):
call it capacity in the economy. When you have capacity,
you don't have a lot of jobs about the place.
You can if you're so desire artificially paper people more.
I mean in Britain, for example, their wage growth remarkable
as well, in excess of five percent, which is well
above inflation. So people, at least in theory, are getting ahead.
And you might say, well, based on those figures, my word,
Britain is doing well, except they're not because they paid

(43:14):
the public service masses more money than they didn't have,
and hence they're now in basically little short of a
fiscal crisis, which is why you see teachers, nurses and
doctors here on strike, because they're being offered pay rises
below inflation. But then when the people writing the checks
have less than no money, you might be might be
worth asking why that is, And the answer is because

(43:34):
we screwed the economy, printed the money, blew the budget,
and all the previous government could offer by way of
rationale was the well used line we saved lives, and
even that, according to the COVID inquiry, is now highly debatable. Anyway,
years on wage growth some of the worst in the world,
brought about entirely by making simple fundamental economic mistakes. Asking

(43:57):
much the more you understand the remuneration of teachers, the
more frustrated disappointed you get, well spoken Brian Roche, Mike,
surely it's time in the public started getting genuinely angry
with teachers in the union. It's ridiculous, Mike, one hundred
and ten k for forty weeks worth. I'll take that.
It's not all one hundred and ten but you know,
eventually the numbers don't lie, and eventually you come to
the conclusion. Do you not that it's actually not bad money?

(44:20):
And what are you and the job for the personal
satisfaction of growing young minds? Or is it just an
endless battle to get more and more and more importantly
for me, I reckon, most of the teachers are over it,
and this is a union based thing, and I think
that in there as part of the problem. Let's return
to the Phillips case. In a couple of moments, the
Police Minister Mark Mitchell is with us next News Talk said.

Speaker 2 (44:44):
Your source of freaking news, challenging opinion and honors facts,
the Mike Hosking Breakfast with Rainthrover, Leading by example, News
Togs Dead b James Lachlan.

Speaker 3 (44:56):
You may or may not know the name well renowned
strategist and high performance leadership which is with us after
eight o'clock this morning for something about up lived In
twenty three minutes, away from back to the Phillips case.
Phillip's dead, of course, the officer remains in the hospital,
the children recovered. So what happens now. Mark Mitchell's the
police minister and as well as Marke good morning.

Speaker 18 (45:13):
Good morning, Mike.

Speaker 3 (45:14):
So your thoughts on yesterday and more broadly, your thoughts
on the last four years.

Speaker 18 (45:19):
Well, I mean, obviously an awful situation to everyone involved.
We've got a police officer that was critically injured thankfully
has come through a surgeries yesterday quite well. Myself and
the Commissioner are driving down there shortly to go him
and his family. You know, I think everyone could see, Mike,
just how difficult the situation was for police to deal with.

(45:40):
It's almost the worst case scenario when you've got a
father with three children deep in the bush with firearms,
high powered.

Speaker 1 (45:47):
Firearms, unpredictable and likely to use them.

Speaker 18 (45:51):
And so you know, in some ways though, it was
an absolute tragedy yesterday. Obviously, recovering the children and having
them now safely and I rang a tmricky and extended
family care, you know, is a good thing.

Speaker 3 (46:05):
Did it need to go as long as it did?

Speaker 18 (46:08):
Well, like I said, it was you look at the
complexity of the situation they're dealing with. I've been the
policemanister now for over eighteen months. I've spoken with and
visited several of the officers that have been on prolonged operations,
that have been investigating and have been working hard to
try and recover those children safely, and they were confronted
with almost an impossible situation. We've got a very unpredictable,

(46:31):
you know, father with high powered firearms, likely to use them,
and they don't want to create a tragedy.

Speaker 1 (46:39):
And that is all of us.

Speaker 18 (46:40):
I think every key we would fear, certainly my fear
as the minister, you know, losing those children. You know,
the focus was always on the safe recovery of the
children and it was just a very very difficult situation
for them to deal with. They three resources, edit, they
were relentless in the way that they approached it and
trying to recover them. But always they understand that it

(47:00):
was a very dangerous situation to go into and it
was and they were going to try and avoid it
all costs, putting those children in harm's way.

Speaker 3 (47:07):
Did you have intel on that, did you have a
genuine knowledge based belief that he was capable of harming
his own children.

Speaker 18 (47:16):
Well, I don't know, Abe, I can't answer that I
was in the detail in terms of the riskst analysis
that would have been done around him and whether or
not he was capable of harming his own children. I
do know this that he is the suspect for some
serious violent offending over the period that he's had them,
and he's included those children in that offending, and no
responsible father would ever put their children in harm's way,

(47:38):
and he did that.

Speaker 3 (47:41):
Because what I'm trying to suppose her to a degree
doesn't really matter now. But what I'm trying to work
out is, did you guys or did the police know
ish where he was and if they'd worked a bit
harder they could have found him sooner or was that
not really the emphasis? The emphasis was we don't want
the katan.

Speaker 18 (47:59):
The emphasis we don't want the kids armed. And so,
you know, the police are very good, they're very efficient,
they've got lots of tools, they've got very deep capability,
they can find people. But it's a big complicating factor
when you've got young children in a situation with high
powered firearms and a very unpredictable father and not knowing
you know, exactly how he's going to react and respond.

(48:20):
That was definitely my fears as police minister, without a doubt,
averting a tragedy. Unfortunately, mister Phillips has been killed. He's
been killed because he used he showed that he would
use those firearms and we now have a police officer
that's critically injured Line in the hospital because you know,
Phillips tried to kill him.

Speaker 3 (48:38):
Speaking of that, I asked Chambers, that's the same question
that I'm interested in your view. Why does an officer
go out in remote New Zealand in these specific circumstances
knowing that a burglary chances are it's you know who,
Why is he out there by himself with back up coming?
I know, but he was still out there by himself.

Speaker 18 (48:55):
Well, that is operational. I do leave the commissioner to
speak with that. But why do police officers take risk?
Because because they take their jobs very seriously and they're
willing to put themselves at risk to protect the communities
that they serve. And I'm extremely proud of them. The
officers that responded to that, in my viewer, are very
courageous and the way that they dealt with it, you know,

(49:17):
And that is the nature of policing. And I get
to see and hear about tens of thousands of positive
actions that our police officers take every week in the
service and the protection of the communities that they serve.
So you know, from what I understand talking with the commissioner,
there were more than there was more than one police
officer there, and obviously you can see that there was
a very firm, direct and immediate response from police in

(49:40):
terms of dealing with that threat against the officer that
had already been shot.

Speaker 3 (49:44):
The Obviously there are questions out of all of this,
and there are debriefs, and I get all of that,
But beyond the standard, does this present a bunch of
unusual questions that might provide some unusual answers and the
police need to be looking at the way they do things.
Or are you comfortab Ball as you sit here talking
to me this morning that things have gone as well
as they could have.

Speaker 18 (50:04):
I'm very comfortable since I've become police Minister that they
have tried everything and they've done all that they could
to try and recover those children safely. Like any good organization,
the police are constantly looking for improvement. They will review
everything that's happened. There will be significant after action reviews.
I know how the police operate. Of course, there's some
inquiries that are immediately spark there'll be an eternal police inquiry,

(50:25):
there'll be an IBC inquiry, and it's a coroner's case
as well. But am I comfortable that the police have
absolutely done everything that they could, that they have made
sure that at the center of everything that they've done
and the decisions that they've made have put the children
in their safety at the heart of that. And I
think we all saw in the last twenty four hours

(50:46):
it all highlighted just how difficult the situation was for
police to manage.

Speaker 3 (50:51):
I don't know if I'm drawing too many dot joining
too many dots here, but you happen to be in
Melbourne with Chambers at a funeral of a couple of
slain police officers, or yet a number and Nutter that's
still looking for in Victoria. Is there something going on
here where we are seeing more and more men with
guns going rogue and it's a thing.

Speaker 18 (51:11):
So that's something that will be to I have a
Police Council meeting in Canberra early next month. That's something
that's on the agenda to discuss. Obviously, the situation in
Victoria is tragic.

Speaker 3 (51:21):
We're at both the.

Speaker 18 (51:23):
Commissioner and I are at the service of Neil Thompson,
a thirty nine year veteran that was literally days away
from retiring and was killed by a person that caused
himself a sovereign citizen. So you know, there's still a
large police operation of men hunt underway there to try
and find him. But you know, the issue that you

(51:44):
raised is something that we'll be talking about further.

Speaker 3 (51:46):
Without a doubt. Do you have a view on the community,
because when there's the local community here, I'm talking about
the number of people who defended this guy, and men
in the country go bush with guns and they take
their kids and that's just life. And we in the
city don't have a clue what's going on. And that's
still that that view still pervades. Does that abnormal?

Speaker 18 (52:04):
Well, you and I fathers and I don't think that
you or I would take our children away from their
broader support networks, away from their friends, family, put them
and take them out with serious violent offending, put them
at harms in harm's way, you.

Speaker 3 (52:20):
Know, and shoot police officers.

Speaker 18 (52:22):
So you know, I don't really understand why people are
holding this guy up as a as a pillar of
society and someone that should be admired. A quick complete opposite.
He's shot one of our police officers. Probably very very
lucky that police officer alive and that police officers out
there putting himself in harm's way to protect the community
that he serves.

Speaker 3 (52:40):
All right, mate, I'll let you get on with you day.
Appreciate it very much. Make mature police minister with us
the morning. One legal question for you after the break
seven forty five.

Speaker 2 (52:49):
Love Asking Breakfast Full Show podcast on iHeartRadio.

Speaker 1 (52:53):
Now Advay News.

Speaker 3 (52:54):
Talks at Me, Mike, you should read out some of
the comments on read it. Ninety nine percent of proton
for describe him as a model father and the police
has beenful of bastards. The thing I'll always remember about
this particular case is my wife, when she was doing
Kate Hawksby, when she was doing early Edition at the
very start of this story said there's something deeply wrong

(53:16):
here and this isn't going to necessarily end well, which
I thought was relatively obvious and not slightly astute observation.
And the hate she got from people who accused her
of being from you know, urban New Zealand. Didn't have
a clue how life worked. These blokes wander off into

(53:37):
the bush where their kids all the time. Everyone goes
bush every weekend. Guns are fun, everyone's got guns. Don't
talk to us from Auckland about how we live our lives.
You know, it was a shock. I just couldn't believe
the amount of you know, it wasn't just an opinion,
it was just vitriol. And so ultimately she of course
proven was proven sadly to be correct. The simple question

(53:58):
I have, and there's just open needed question if someone
with a legal mind has the answer. Given this is
a court case and dealt with the looking after of kids,
why is o rung A Tomriiki involved? Does oh rung
A Tomriki automatically get involved if, for example, the family
don't want them to be so, In other words, presumably

(54:20):
something's happened. The extraordinary thing about this is the time
or length of time. But under normal circumstances, when there's
a breach and mum and dad have been fighting over
the kids and there's a breach, the kids go back
to the side that won the court case. Is that
still the same today? Or do is there a time
thing where I rung a tamariki get involved or have

(54:40):
to get involved or the lawyer says they must get involved.
Obviously the family say we want help, they will. But
if the family simply say right, we've got a kids
back leat us alone, let us get on with our lives.
Is that the end of it as far as the
state's concerned. Where does the law sit with that? If
you can let me know that, it'll be good.

Speaker 2 (54:55):
Tend away the Mike Asking Breakfast with Bailey's Real Estate
news top.

Speaker 3 (55:00):
Shiving away from it. Got new rental down to this morning,
good news for the renter drop across the board. The
national average down to six twenty eight, lowest since September
of twenty three, Wellington down almost twelve percent, Aukland down
two point three. Listings are up sixteen percent year on year.
Mike Atkinson is managing director of the Spire Property as
well as Mike Morning, Good Morning. These monthly numbers, especially

(55:22):
in a place like Wellington, are they noise or we
actually got some sort of trend going on here on
a monthly basis?

Speaker 7 (55:29):
I think we do actually have a bit of a
trend happening in particular in Wellington. You know, they're facing
all the same economic headwinds that the whole country is facing,
but some more specific ones as well, with all the
public service jobs that have gone nine five hundred jobs
have gone there in the last two years, and Nationals
cutting back on all the consultants and contractors of slash

(55:51):
spending thereby one hundred and seventy five million. So that's
a lot of people that sort of don't need to
be living in the Wellington City area anymore.

Speaker 3 (55:58):
So if there's a fall is the bottom.

Speaker 7 (56:02):
I think in the Auckland market, we've seen the listings
starting to come back down, so I think we may
be getting close to the bottom at the moment. Everything
always picks up a bit in the summer months, so
there'll be some temporary release there.

Speaker 3 (56:13):
Okay, the sixty seven hundred listings for the month of August,
where do they all come from?

Speaker 7 (56:19):
Oh, that's just people that aren't able to find a
tenant basically, So when the properties stay online, that number
goes up.

Speaker 3 (56:24):
So it's really more listings. It's not suddenly there's a
whole bunch of houses suddenly coming to the market.

Speaker 7 (56:30):
Oh well, I do think there is an increase in
actual overall supply. You know, you see all this townhouse
developments happening right across the country over the last two
or three years, and they are coming onto the market.
So it's a combination of both.

Speaker 3 (56:42):
Okay, they're better deals out there. I mean, what's your
advice to rent is? I mean, good for rent is
not so good for landlords?

Speaker 7 (56:50):
Yeah, I mean my advice to tenants is that rents
are definitely negotiable at the moment. And my advice to
landlords is to work with the tenants that you do
have and really value them. So a commercial tenant, you know,
you don't just replace a tenant if you have a
minus agreement.

Speaker 3 (57:04):
Yeah, exactly, all right, my good insight precire at micat
cans Aspire, property managing director five minutes away from eight.
So get to the red meat numbers, and I want
to because that's very good news. Strong European demand for
the sheep. The sheep at eight hundred and sixty four
million dollars for July. These are the native numbers came
out yesterday. Export values and this is a cease overall
the amount of meat was shipping around the world is
down a smage, not a lot, bit a bit, but

(57:26):
the value is up. So sheep meat up nineteen percent. Volume,
for example, grew thirty four percent into Europe, so that's
encouraging export values higher across all your major markets. So
we're getting more banged for buck. America largest overall destination
up eleven percent, China up seventeen percent, the UK up

(57:47):
forty nine percent, Taiwan up fifty one percent, Netherlands up
thirty nine percent, So they're buying, they're buying more and
they're paying more. Sheep meat value up twenty one percent,
and if you add beef, which is the value up
seventeen percent between the two of them, that's in excess
of seven one hundred million dollars worth of business. Very
interesting article are read from Australia. They're doing gang or

(58:07):
they're going gangbusters beef wise into the States Americans. So
the herd size in America is that historic lows, drought,
cost of raising cattle, et cetera. That's not changing, nor
is their desire to eat beef. They will not be
shifted off beef no matter what the cost. Now the
tariffs are killing them the two biggest markets for beef
in America are Australia and Brazil. We're in there, but

(58:29):
the big ones are Australia and Brazil. What's Brazil got
fifty percent tariffs? The price of beef is through the roof.
So they just had a long weekend, labor weekend. What
are they buying? The buying burgers for the barbecue, for
the grille, and they're paying more, so it's real, it's material.
They gang will hold on Trump, he said the cost
of everything's going to come down.

Speaker 1 (58:47):
It's not.

Speaker 3 (58:48):
It's going up. And because they can't give up beef,
because they're hooked on it, they will pay whatever. So
who's the winner, US, Australia and Brazil. Irony of ironies.
How about a bit of motivation? If I'm not enough,
well maybe it's a counter to me. Anyway, more on that.
Shortly after the news, which is next.

Speaker 2 (59:07):
The news, the news makers the mic asking Breakfast with
Bailey's Real Estate covering all your real estate needs, us
Togs dead, b.

Speaker 3 (59:21):
Let's meet James Laughlin, ed Mice, change your life, James
the seven time world champion drummer. I'll get to the
drumming partner moment, a coach to top CEOs and the
high performance leadership trainer and speaker. He also the mental
skills coach for the Canterary Rugby people. This book is
called Habits for High Performers. It's number one on the
book Scandalist Comes, recommended by somebody called Sir John Key
and Sam Whitelocke. Anyway, James Lachlan is well us, James,

(59:44):
very good morning to you.

Speaker 6 (59:46):
Top of the mining mate, gret to speak to you.
How are you?

Speaker 3 (59:48):
I'm very well. Indeed you'd be very happy with the
Canterary performance at the weekend. And how long do you
think they'll hold the rnfully shield?

Speaker 7 (59:55):
Long?

Speaker 6 (59:55):
Mat continue? That's all I have to say.

Speaker 3 (59:59):
Do you have a in Canterbury Rugby in general that
they keep on keeping on and performing at the highest
level year in, year out, no matter who happens to
be there at the time. How does that work?

Speaker 6 (01:00:12):
Look?

Speaker 17 (01:00:12):
I think the leadership goes deep there, and it's been
probably decades in the making.

Speaker 6 (01:00:17):
It said.

Speaker 17 (01:00:17):
It's no one secret sauce, but there's something at Rugby
Park there when you walk in a pretty special place.
And yes, certainly I think the leadership runs very deep.

Speaker 3 (01:00:24):
Okay, and so where do they or how do you
fit into that equation?

Speaker 17 (01:00:28):
Then yes, I offer mental skills for the players and
for the management, and I work with them as a team.
Also work within the individually number of the old blacks
as well, so working on the top two inches, performing
under pressure.

Speaker 3 (01:00:42):
The thing I like about you immediately is you don't
believe in work life balance. What do you believe in?

Speaker 17 (01:00:49):
Yeah, there's no such thing as work life plants. If
people are chasing it, it's madness. I believe in counterbalance,
that idea that you know you've got to work your
butt off, work towards goals and the media, sixty seventy
hour week, and then realize, okay, there's other things that
are a high priority. What are they and turn your
focus to those. So you're constantly in counterbalance.

Speaker 3 (01:01:09):
So how do you implement counterbalance in your life? I mean,
what are you saying? Because normally I'm assuming and working
really hard. It's the work that you're working hard at
in general.

Speaker 17 (01:01:19):
Perc Look, I hear a lot make that. People say
I'm busy, I'm really busy, And you know, I hear
it from politicians, I hear it from leaders. I hear
it from everyday people. But I would say most people
don't have a busy problem, they have a priority problem.
And getting clear on your priorities.

Speaker 6 (01:01:33):
You know what is that? Family?

Speaker 17 (01:01:34):
Is it, fitness, finances, work, Get clear on what order
they are in and that will help you to counterbalance.

Speaker 3 (01:01:39):
Okay, so are these, by the way, in just in
general terms, does this this a gift or is this
learned and can be learned by anybody.

Speaker 17 (01:01:48):
High performance is not a birthrate, it's it's a habit.
So what separates high performers from everyone else is not hustle,
it's not luck, it's simply habits.

Speaker 3 (01:01:57):
What is a high performer? I mean, so how do
you know you are one or that person over there
is one?

Speaker 6 (01:02:03):
I mean apart from the Auchius Yeah, absolutely so.

Speaker 17 (01:02:06):
First thing, assistently exceeding norms, So not just doing it once,
but doing it multiple times. Well, so, whether it's you know,
for me it was drumming as a kid, winning the
World championships once, that was good, but let's win a
multiple times. Consistently exceed the norms in your industry or
in your life whilst maintaining healthy relationships and well being.
That last bit is crucial.

Speaker 3 (01:02:28):
Okay? Is that still the same as it was in
the seventies, the eighties, the nineties, because our view of
life and work has changed dramatically in that period of time,
hasn't it hugely?

Speaker 17 (01:02:38):
And I would say back in the eighties and nineties,
et cetera, it was about when at all costs, high
performance is simply winning. But you and I both know
there's a significant cost to that. I believe people can
achieve on field whilst looking after themselves and their lives
off field.

Speaker 3 (01:02:53):
Okay, that drumming I referenced, this was pipe band drumming,
wasn't It wasn't like you know, you're backing up Phil Collins.
Will sit next to Phil Collins on the drums.

Speaker 17 (01:03:02):
Now Phil Collins comes to us pipe band drummers for
technique help. But no, I certainly wasn't.

Speaker 6 (01:03:07):
I wasn't a rock drummer. I was wearing a kilt net.

Speaker 3 (01:03:11):
So who were you world champion with? I mean, we're
where did that all start?

Speaker 6 (01:03:15):
Yes?

Speaker 17 (01:03:16):
So I was a world solo juvenile champion as a
young thirteen year old and fourteen year old again, and
then headed to Vancouver, Canada and won it there five times.
With the Simon Fraser University band and then came to
New Zealand to help a band down in christ Church
become the very first and still the only world champions
from New Zealand.

Speaker 3 (01:03:33):
So you can teach greatness at that level. And in
other words to Car, I've got a drum kit in
my barn and the country and it's now mine based
on the fact that I bought it for my child
who used it twice. But I can't drum. I cannot
do it. Could you teach me one?

Speaker 6 (01:03:51):
It's a very teachable skill. I promise you make right.

Speaker 3 (01:03:54):
So the foot, you know, the boom, so all of that,
that coordination thing can be done.

Speaker 6 (01:04:01):
We've all got it.

Speaker 17 (01:04:02):
If you have a heartbeat and you're able to walk,
you can be a drummer.

Speaker 3 (01:04:04):
Well, some people question the habig thing. That could be
my problem. The seven the seven principles, So you get
ridically clear. You sort of answered that before. So that's prioritization,
right yep. So that's knowing what you want, how to
do it and balancing it up.

Speaker 6 (01:04:20):
That's it. Most people find it difficult.

Speaker 3 (01:04:22):
Okay, supercharge your belief systems? What's that mean?

Speaker 17 (01:04:26):
So Mike, you are full of BS belief systems. I'm
going to ask you a question. What's the first thing?
First two or three things that come to mind when
you think of an Irishman?

Speaker 3 (01:04:36):
Humor, drink and is that not right? I think, I
think of greenness, I think of guinness and.

Speaker 17 (01:04:43):
Human There we go good on a great rugby team,
of course. So what we're looking at there is your BS,
your belief systems, and it doesn't make them right, doesn't
make them wrong. But those things that the subconscious mind.
High performers know that they believe certain things around failure,
they believe certain things around money, success, the government, and
these things. We've got to rewire them to help us
achieve our goals.

Speaker 3 (01:05:04):
Is this the same with men and women?

Speaker 17 (01:05:07):
Well, I'd set us some global beliefs. Let's take money.
Lots of us would believe money doesn't grow on trees.

Speaker 6 (01:05:13):
Certainly.

Speaker 17 (01:05:13):
I grew up in a small working class town and
I believe it didn't grow on trees. So I would
say there are global beliefs that transcend genders for sure.

Speaker 3 (01:05:21):
Okay, And I'll come back on the age thing in
just a moment, And I've got three through seven for
you shortly. James Laughlin more in a Moment. Habits for
higher Performers thirteen past eight, The.

Speaker 2 (01:05:29):
Mic Hosking Breakfast Full Show podcast on iHeartRadio powered by
News Talks.

Speaker 3 (01:05:35):
It Be News Talks, It Be sixteen past eight. James
Loughlin's I guess habits for high performers. James, I'm getting
the heat here. I disagree with this guy. You need
internal rhythm to be a really good drummer, which is
innate and can't be taught. You'll never make it. That's
what Sylvia says. You say what.

Speaker 6 (01:05:52):
Sylvia is wrong, as simple as that.

Speaker 3 (01:05:55):
Sorry, Sylvia, You're wrong. Right Number three? Lead your life
on purpose? What does that mean?

Speaker 6 (01:06:00):
You know what?

Speaker 17 (01:06:00):
Do work that matters? You know, not everyone's going to
be a Mandela or a Mother terrasa. But do work
actually matters? And we spend a lot of time working
and following our passion. So do stuff that actually brings
you Joe and makes a difference to others. And when
I look at high performers over the long term, they
have purpose interweaved into what they do.

Speaker 3 (01:06:19):
Would you recommend somebody leave their work if they were
just doing it for the sake of doing it or
doing it for the money, and you asked them the question,
do you thoroughly enjoy this?

Speaker 17 (01:06:28):
And I said no, if you're miserable, don't hang around.
I mean, you've got to put a foot on the table.
So don't be just quitting today after hearing this. But
you know what, your life is short, but you spend
a lot a lot of that time at work, So
get clear on what brings you joy. And I went
from teaching drums loving drums at a point where I
was burnt out and I wasn't doing high performance very

(01:06:48):
well because well being and relationships weren't in the position
they should be. So I made some changes. It took
some time, Mike, but it made a big difference.

Speaker 3 (01:06:57):
Multiply your motivation.

Speaker 6 (01:07:00):
Yeah, so success is an inside job.

Speaker 17 (01:07:03):
And I hear people say, look, don't talk to me
till I've had my coffee, and I'm saying, that sucks.
Why don't you just drink the coffee because you love it?

Speaker 6 (01:07:09):
Or gems, I need to go for a smoke.

Speaker 17 (01:07:10):
I need to need to go and calm down after
that result, Well, why don't you just enjoy the cigarette
because you love the cigarette? Hopefully you know you can quit,
but you know why do we need to rely on
external things. Some people are really motivated extrinsically, Mike. It's
the money, status, power, fame. Those people that have the
Air New Zealand luggage tag on their laptop bag instead
of on their luggage bag. That always tells me there's
a little bit of extrinsic motivation for them.

Speaker 3 (01:07:32):
Do the work? Is that literal advice?

Speaker 6 (01:07:36):
Absolutely?

Speaker 17 (01:07:37):
So discipline your inner domain if you want to dominate
the outer domain.

Speaker 6 (01:07:41):
So get to work.

Speaker 17 (01:07:42):
You know, these people go to the gym and at
four am they take a photo of themselves at the
gym and tell the world. I truly believe high performers
do the work in the dark so they can shine
in the light.

Speaker 3 (01:07:53):
So you're a high performer who taught you?

Speaker 6 (01:07:59):
It's interesting?

Speaker 17 (01:08:00):
So I look back and I would say my head master,
mister Pollock, was the biggest influence. He's said what I'd
call a possibilitarian. I was a little upstart at school
and he said, James, a weeked attention or a set
of drumsticks. And I thought I was going to be
Ringo star Mic. Instead I was wearing a skirt and playing.

Speaker 6 (01:08:17):
With the bag by itself.

Speaker 17 (01:08:18):
Not quite the same he was the biggest influence.

Speaker 3 (01:08:21):
So those are the people in your life that you need.
You may not have the principle, but there's somebody in
there who sees something in you, or gives you an opportunity,
or does something that you may not realize at the time.
Is a bit more profound than what you think it is.

Speaker 6 (01:08:34):
And they're probably be closer to than you imagine.

Speaker 3 (01:08:36):
Okay, focus on your priorities. What's that mean?

Speaker 6 (01:08:40):
You know what?

Speaker 17 (01:08:41):
High performers always know what their priorities are. They make
time for health because they know if they don't have
to make time for sickness. So I always say high
performers should take their meds. Meds should be number one priority.
That's meditation, exercise, diet, and sleep. Common sense, but not
common practice.

Speaker 3 (01:08:57):
No, that is true because they if you talk about
your traditional high performer, that's the person who's working hard,
grinding and they don't have time for any of that
other stuff, which is what you were talking about before.

Speaker 6 (01:09:07):
You Absolutely make time for it.

Speaker 3 (01:09:09):
Take no shortcuts, you know what.

Speaker 6 (01:09:13):
I believe that.

Speaker 17 (01:09:14):
The person who takes the shortcut pays the price. So
if you want great results, it's played a long game.
Nothing great happens overnight. Overex sensations are made over decades.

Speaker 3 (01:09:25):
Geez, it's good advice. If only well, this is the difference.
If only we could apply all of these things, we'd
all be high achievers. And I guess that's what separates
out the high achievers from the non high achievers. If
you believe you're a high achievement, and no matter what
you're doing and where you are, if you believe you're
a higher achiever, are.

Speaker 17 (01:09:42):
You look, all starts with achieving, starts with believing. So
I believed at twelve I could win the World Championships
at thirteen. My dad, if he wasn't Northern Irish, he
could be ki we Studability is everything, he said, Son,
don't set yourself up for failure. You're probably not going
to win this. But I said that if I go
in thinking like that, I've lost already. So I do

(01:10:03):
believe that you've got to have it in your mind
before you have it in reality.

Speaker 3 (01:10:07):
Fantastic, great to talk to you, James. Good advice apart
from anything else. And I think it was free. Was free.
We didn't pay them for that, do we yeares? I
think it was free? His book is habits for high
performance James Laughlin A twenty one.

Speaker 2 (01:10:19):
The Mike Hosking Breakfast with a Veda Retirement, Communities News, togs.

Speaker 3 (01:10:23):
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(01:11:30):
guy's a full work life balances and must have and
critical to mental health. He's just reworking or rewording what
it really means. Not everyone can be a high achiever. Jeez, Glenn,
it's Glenn, Glenn, It's Glenn. I literally did not everyone
can be a high achiever, because if we're all high achievers,
then we're all just average achieve Is that wea? Is

(01:11:50):
it just Glenn's who don't You've got to have Glens
Gleans who make the will go around. That is too many,
if not most, can mentally motivate themselves to be champions
or have the ability to do so. He does not
understand the psychic ability of your average person or of
your average glean. That's what I'm saying, Spirrah thought for
the average people? Way, what about it? What about the
Glenn's out there? Fair enough? Very good piece from Chris

(01:12:13):
Keel yesterday, the Tech editor in The Herald, on this
ongoing mystery of the media's reaction to AWS last week,
and they talked to a bloke who basically, they are
using the power by the way people are going, does
it really exist? Did anything really happen? Was it a
new story? Was it not? Yes, it was because Amazon
are currently using the power contract that they signed with
Mercury back in twenty twenty three to take half the

(01:12:36):
output from the gent Taylor's new one hundred and three
megawatt wind farms south of Palmston North. So they are
pulling power off the crit like there is no tomorrow.
But as one guy called Glenn Barnes says in the article,
read the whole article is fascinating inside. He didn't care
how Amazon delivered its cluster of three availability zones. Whether
they built their own or co located doesn't matter. It

(01:12:57):
doesn't matter if they own the data center or its
third party, And the one out West would only have
been one of the three they required for the region.
That's the one that didn't get built and all the
scandals started from. So quote them. What's the problem for
us having AWS and New Zealand's a good thing as
it makes it easier to land New Zealand based business.
He saw no issue with the business leasing space rather

(01:13:18):
than owning it. So read all of that.

Speaker 14 (01:13:20):
More straight talk from an average Glen.

Speaker 3 (01:13:22):
Yeah, more straight talk from an average glen. Not a
high performer, but just logical news for you. In a
couple of moments, then to the UK and our mate
Rod Little Hearing News Talk Zed.

Speaker 2 (01:13:33):
Be the only report you need to start your day.
The my Casting Breakfast with a Vida, Retirement Communities, Life
Your Way News, togs dB Mike.

Speaker 3 (01:13:45):
My power price per kilowatt from Mercury went up forty
six percent the day after a WUS announcement. I can
send you the bill. You don't need to send me
the bill. What And you should read the article that
I alerted to you too before the news because it's
not forty six percent, and it's not Mercury, and it
wasn't tied into the day after. But the article does indicate,
and it is a valid point, is that the more

(01:14:07):
data centers you have in the country, the more power
that's required and needed, and that's going to be potentially
an issue and it does drive the market price wise.
So in that sense, it's a classic supply demand situation.
If we had unlimited supply fantastic, but we don't. And
so as the demand grows but the supply doesn't match it,
that's where your price rises come. So it is material.

(01:14:28):
So your point is reasonably well made. Let me take
you to a private dinner. We're in Washington and there
is a clash between a couple of Trump's top people.
One's a guy should I know, Bill Pult? I don't
know the name anyway, So he's one of the key guys.
He's the Housing Finance official, Bill Pult. But the other

(01:14:49):
guy we do know. He is Scott Bessant, And at
one particular point at this dinner, Bessant was threatening to
punch Pult in the effing face. This last Wednesday was
supposed to be a celebratory dinner, much anticipated inaugural dinner
at the Executive Brunch Georgetown Club.

Speaker 6 (01:15:10):
Did he's steal a chip off his plate or something?

Speaker 3 (01:15:12):
Probably long table? Thirty guests? How at? Lutnek was there?
Bougain was there? Brooke Rowlins was there, Tossy Gabbard was there?
Ah Marmette Oz otherwise known as doctor Oz. He was there? Anyway?
The Treasury Secretary heard from several people from the Federal
Housing Finance Agency director that he'd been bad mouthed by him, So,
in other words, what he was saying there is Pult

(01:15:32):
is bad mouthing Bessant. Why the f are you talking
to the President about me?

Speaker 5 (01:15:38):
F you?

Speaker 3 (01:15:39):
Besant told Pult, I'm going to punch you in the
effing face. Pault appeared stunned. The encounter prompted the club
owner and financier, a guy called Omeid Malick, to intervene,
at which point it's either me or him. Bessant said
to Malick, you tell me who's getting the f outer here,
or he added, we could go out. This is not

(01:16:02):
a movie. This happened last Wednesday, and Washington to do
what asked Pault to talk no, Besant replied, I'm going
to if and beat your ass. Melick separated them, walked
Best into another part of the club to calm him
down't you? And when they finally got around to sitting

(01:16:23):
down for dinner, Best and Pault were at the oppice
the ends of the table. Things are going well. Twenty
one minutes away from.

Speaker 11 (01:16:29):
Nine International correspondence with Insit Eye Insurance Peace of Mind
for New Zealand Business.

Speaker 3 (01:16:36):
Right to Britain, Rod Morning.

Speaker 8 (01:16:38):
Mate, Good morning mate.

Speaker 3 (01:16:39):
Since we last spoke, it's all turned to custard, so
Rainer quits. Of course, my main question is in rain acquitting,
did we need a full blow and reshuffle.

Speaker 8 (01:16:50):
No, this was planned before. The reshuffle had already been
planned by the arm probably to come well before Reeves's
autumn statement, but in the next few weeks. But given
Rayner's departure, it was they were kind of lumped together.
So he replaces Rayner at some point and the rest

(01:17:16):
of the cabinet, which hasn't done very well for itself,
gets reshuffled a couple of the cabinet posts. It's definitely
a step forward against Shabana mc mood into the Home
Office in place of Event Cooper. But the Home Offices
again is the Foreign Office is lost because I'm afraid
trusts over there. No great no great change, it's just

(01:17:40):
shifting the death chairs, as they say.

Speaker 6 (01:17:43):
Yeah.

Speaker 3 (01:17:44):
I was going to ask whether there's a talent issue,
because I know that you're one of the world's biggest
fans of David Lammy, so his loss would be no, right, yes, exactly, No, it.

Speaker 8 (01:17:52):
Has to be said. I don't think with the exception
of the Chagos Island deal. I don't think Lammy has
performed particularly badly as Foreign Secretary, and he's certainly managed
to get on side with JD. Vance and the American regime,
which is what we wanted of him. That being said,
he's been moved to a role where as Deputy Prime

(01:18:14):
Minister basically you don't really do anything. You know, it's
it's it's it's not a role which has any great power.
And now, of course Starmer's in real trouble because the
Labor Party is tearing itself to bits over who should
become Deputy Labor Party leader.

Speaker 3 (01:18:36):
And that's a vite and so who are the hot containers?
Who's likely to win? And does it sit well with
you know, Starmer?

Speaker 8 (01:18:43):
Yeah, the hot contenders, people like Louise Heigho has already
done for fraud. It's whatever way clear Starbar turns. There
is misery and trouble looking at him. Basically, I suspect
he will end up stuck with someone who is quite
left wing as his deputy PM. Richard Bergen is quite popular.

(01:19:07):
He's a moron and actually just I don't know if
you've ever spoken to him, It's like a plank of wood.
Mic but there we are. He's going to end up
with someone very left wing, indeed, I suspect, and he
will have to take notice of them. It's a difficult
time for Starba.

Speaker 3 (01:19:25):
It looks like a difficult time. Shabana Mahmud, who you
referenced just a moment ago, on her first day in
the job, one ninety seven people arrived in the Good
Country via the boat illegally. Is she good for the
Is she good for some sort of answer to this
or not?

Speaker 8 (01:19:42):
I think she probably is. She's certainly been over the
last year the most effective, along with west streeting of
all labor, the labor cabinet ministers. She's quite blue labourish.
There's a tough streak to her. She's already saying now
they're going to stop visas for countries which refuse to

(01:20:03):
take migrants back. That's a step forward. I think she
kind of possibly. I mean, she's lucky in the sense
to any worsity beat Cooper, but she is a talent
and this labor government is not packed with talent.

Speaker 3 (01:20:19):
Since we also last Spike I followed with the great
deal of interest over the weekend the Reform Party conference,
and one of the articles I was reading, was suggesting
there was a time when they were sort of a
niche and you had a bit of a vibe, and
they were full of vermin, vigor and energy. Whereas now
they're major and they hire the big halls and they're
still full of them and vigor. This seems a thing.

(01:20:40):
They seem to be the real deal.

Speaker 8 (01:20:42):
They are the real deal. They're massively. I spoke to
a few of them at their conference. They are so bulliant,
so full of themselves to quite a sickening degree. But
that's come about because they are at thirty five percent
in the polls and the Labor Party is tearing itself
to fits. You know, it could not be better for them,

(01:21:03):
and the odds shortened by the week on them being
you know, the next government.

Speaker 3 (01:21:08):
It's going to be interesting to see rodpreciate it. Rod's
back on Thursday. Because of course their FPP system, you
can get a lot in the polls, but not necessarily
see it translate if you go back far enough in time,
you go back to the Values Party and those sort
of social credit parties in this country where they got
a percentage but never saw the light of day in parliament.
Are the UK by the way two hundred and fifty million
pound Defense Strategy. Also new Defense Industrial Strategy regional economic

(01:21:34):
growth boost innovation in the defense sector will offer working
families across the country opportunities such as highly skilled engineering
positions or apprenticeships for young people. So that might be
something to follow. And the ongoing Palestine Action shambles after
the weekend, yet another weekend of upset and arrests. Anyway,
the Home Office has been given permission to challenge the

(01:21:54):
High Court ruling which allowed the Palestine Action to appeal
against its ban under terror legislation. So lawyers as always
a little winner. Eight forty five.

Speaker 2 (01:22:06):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at B.

Speaker 3 (01:22:12):
Twelve away from nine. Mike, So Amazon comes and probably
demands better pricing over fifteen years. So why isn't Amazon
being charged a premium so that every day customers receive
a better price. Answer l Jay to that particular question
is there isn't a business in the world that charges
people more per unit for the more they buy. No
one's ever done that. When you walk into a car
yard and say I don't want one car, I want fifty,

(01:22:34):
they go well, the cost per car's gone up. No
one does that. It's the exact opposite. And so they
do have a deal. I gave you the deal a
moment ago. So it's a same as ty point. When
you're selling a lot of it, you like a lot
of it because you've got guaranteed income. Speaking of income,
was it yesterday? We're talking to the bloke who did
the reporter? Was it last week? Locu did the report
on internationals not paying enough tax here and they need

(01:22:54):
to flick them off into the service fees and all
that sort of stuff. Yesterday Uber and for Reats, so
the food delivery part, and this is in New Zealand,
but they paid less than they pulled down four hundred
million dollars in this country. We gave them four hundred
million dollars. They paid less than a million in tax
and as far as they could do. And I think
I referenced at the time of the interview, was there's

(01:23:15):
no model around it. When I asked them the question
showing me you know who's done it well, there was
a very large pause as he tried to work out
who did it well. And the answer is, no, one's
done it well. Because of service fee. When you were
set up in New Zealand and your quarantined or head
office elsewhere, you pay this quote unquote service fee and
you avoid paying tax likely and if you can, why
wouldn't you? For goodness sake, food delivery profit increase from

(01:23:36):
one point seven to two point four million, so revenues
up seventeen percent, Which is interesting, isn't it. In the
so called cost of living crisis, we gave Uber food
delivery seventeen percent more money. Why do we do that?
Ryde hail net profit fell, so that's interesting. Revenue slipped
as well, so it went backwards from one hundred nine
to one hundred and four million, so income was based

(01:23:58):
on five hundred and thirty nine thousand dollars they paid
once again these big service fees to the US parent
Uber Eats paid a service fee of one hundred and
thirteen point eight million. Uber paid ninety eight point six million.
Combined revenue increased from three sixty five to four h three,
net profit from three point three to three point five,
so they are making a profit because most of the

(01:24:18):
time they've not made a profit in this particular country.
What I didn't realize is John Small who's the head
of the Commerce Commission? Back in July posted on LinkedIn.
That's probably why I didn't realize, because I'm not on LinkedIn.
If you're using Uber, please reconsider. He urged people to
switch to Bolt or d D to be kind to
your driver. Given the peer let the driver keep more

(01:24:41):
of the fair. So the Commerce Commission was involved. But
you wouldn't know that, would you? And I don't think
anyone of us think that, do they. I mean, in general,
you just get the food delivered, the food turns up,
and as far as I can work out, the guys
will work for everyone, don't they. That just depends on
what you want. You're a taxi driver, you're an Uber driver,
You're a Bolt driver, a help driver, a private limousine
driver for just a driver nine minutes away from nine.

Speaker 1 (01:25:03):
Don Mike Hosking breakfast with Rainfrowvern use togs d B.

Speaker 3 (01:25:07):
Imagine the company of the backs itself so much that
it lets you bring the product back at any time,
And then imagine they promised never to increase the price
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resonate Health dot co dot inz, resonate Health dot co
dot in z. Asking by the way, Thomas Coglin's done
the numbers for you Winston Peter's compulsory mandatory key Wesaber

(01:26:16):
thing over the weekend. Obviously, first question you asked when
the tax cuts came, how much is that going to cost?
Nothing wrong with mandatory, you notice, ever since two weeks
ago I said we need to make Keyisaber compulsory, everyone's
decided to make keV save. There's at least two NGO's
government groups, research groups, whatever you want to call them,
have come out and said we need to make it compulsory.
And now Peters has decided to make it compulsory. Anyway,

(01:26:37):
he's offsetting it with tax cuts. How much would the
tax cuts cost Somewhere between twelve point three and twenty
eight point three billion. So you take the twenty twenty
four key Wesab contribution, they're five point nine percent of
all wages reported to the IRD, So you're dealing immediately
with eleven point nine billion. If you increase that to
a contribution of eight percent for the employee, four percent

(01:26:57):
for the employee er, you're up at twelve point three
billion in additional contributions. So that's an easy game. Four
minutes away from nine.

Speaker 2 (01:27:05):
Trending now with him as well. Spring Frenzy sale on.

Speaker 3 (01:27:09):
Now Harry's back in the UK. He's talking to his
friends at well Child.

Speaker 19 (01:27:13):
The world has thrown a fair few challenges our way,
but through it all, weld Child has remained rock solid
in its mission to give children and young people with
complex medical needs the chance to thrive fabulous.

Speaker 3 (01:27:27):
He then had a sword fight with some balloons and
he told everybody because they were gripped, that he's watching Hostage,
which is on Netflix. And he watches Netflix because he's
been told to by his missus, because that's how they
make the money these days. Anyway, he still has friends
left in Britain.

Speaker 5 (01:27:41):
I think people talk a lot and they don't know
a lot.

Speaker 13 (01:27:45):
And when it comes to people like Clarry.

Speaker 1 (01:27:47):
And anybody in the public fight.

Speaker 14 (01:27:50):
It doesn't really matter who profs in the pudding.

Speaker 9 (01:27:53):
So at the end of the day he.

Speaker 14 (01:27:54):
Does really good at work, peoples.

Speaker 3 (01:27:56):
That's Josh Stone, in case you were wondering who that was.
The big question is he's in town. I think is
it two or three days? I can't remember, but he's
in down for a couple of days. And the big
question is Dad's up in Scotland at the moment. So
it's the are we getting back together. This is are
the stars aligned? Is the question? Will there be a
meeting of minds, a shaking of hands, a forgiving of ills,

(01:28:19):
and all will be well with the world. Well that's
probably something we can talk some more about tomorrow, because look,
once again they tell me I've got to get out
of here. Back tomorrow. Happy days, I'm fucking mam my baby.

Speaker 2 (01:28:32):
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.

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