Episode Transcript
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Speaker 1 (00:00):
Tough on Power, Sharp on Insight, the My Hosking Breakfast
with a Veda, Retirement, Communities, Life Your Way News, togs Head, been.
Speaker 2 (00:08):
Wading and welcome today the old Cops to Australia. Fascination
is back. What does Putin mean when he says the
war could be coming to any in cost of private
schooling is now heading past thirty thousand dollars a year,
Prime Ministers and Lads in the commentary Box, Richard Arnold's
backstep Price with the Pharaoh fallout for Us as well
pasking welcome to the run New Week seven past six.
The word earthquake was used far too often over the weekend.
(00:30):
The One Nation victory and Pharaoh was an earthquake. The
Farage victories all over the British landscape was an earthquake.
It is possible, I suppose they are, but it's also
very possible they're not. The irony of the slaughter the
Kia Starmer was put to as he's the same bloke
that Britain couldn't get enough of two short years ago,
not because he was the visionary they all longed for,
but because they hated the Tories. You see, wanting change
(00:52):
is the same as voting against something not for something.
Voting for something is often more productive. All of this
comes the usual caveat that mid terms or by elections
or local elections are generally a repository of discontent. It's
the chance to hand out a bloody nose. You didn't
mean it, not permanently. You're just a bit over it,
so why not lash out. Pauline Hanson can no more
(01:14):
run Australia than I can, and I doubt Farage has
the apparatus to run Britain. Not far below the surface
of most of these organizations runs a fairly diverse selection
of idiots and mad people. Not that the excuses you
know that that excuses the incumbents. I mean, there's a
solid reason why people despair, and that's because the old
parties have, over a very long period of time, been
sucked a drive greater leadership, talent, and taken people broadly
(01:36):
for granted. So it's not like you couldn't see these
things coming, but it doesn't mean that they're the answer.
Trump and his party will find out the same thing
later this year, not because the Democrats are up to much,
but because of the wars and the gas prices, and
the general chaos. These earthquakes would be amazing if only
they weren't so often followed by regret. One seat farrerh
(01:56):
will make not a jot of difference. Pauline will get
a day in the sun, will run some councils. No
one cares about councils. Trump will become a lame duck president.
That's democracy. We love it until we don't, and when
we don't, instead of thinking about it, we lash out.
And the irony of that is we get the leadership
we deserve.
Speaker 3 (02:17):
News of the world in ninety seconds, right, Let's.
Speaker 2 (02:19):
Start with the I miss Hunter virus where the ship
has docked, passengers off disinmpact on the news appears positive.
Speaker 4 (02:25):
Minister of Health has board to assess the passengers. All
the passengers are asymtomatic. They have comme filmed this issue
that the all the passengers are asymthomatic.
Speaker 2 (02:37):
From the war file. The Iranians have finally got around
to responding to the one page fourteen pointer.
Speaker 5 (02:41):
When the mediators in this case Pakistan ask us to
give this negotiation another chance before we go back to
bombing Iran, then I think that's completely an appropriate choice
for President Trump to.
Speaker 2 (02:56):
Make speaking, which he wouldn't mind it wrapped up actually,
because he's off to China this week, where the evervixing
issue of Taiwana Whites.
Speaker 6 (03:03):
People who plod the China is the biggest risk factor
in not only the Towers Streets but in the in
the Pacific region. China has been engaged in in the
largest peacetime build up military builderment history and they're not
having any threats on their borders.
Speaker 2 (03:20):
And still Sunday night, of course, in the UK with
the bruising and starma, we'll still be hurting Monday. We'll
bring a leadership crack I'll tell you about that shortly
developed since in the last couple of hours. Anyway, they've
rolled out a few faithful cabinet members to run interference.
Speaker 7 (03:32):
The Prime Minister will set out a fresh direction for
our country and for our party that will rise to
the scale of what we face. But we have to
be honest about the scale of what we face. I
share the impatience that people feel.
Speaker 2 (03:47):
Now as much as I ever got came. The Tories
hardly had a good night to They rolled out to
Mabbiewaites as well.
Speaker 8 (03:52):
Getting elected is meant to be the precondition for delivering government.
It is the start of the process, not the end
of the process. What we've seen with reform and we
will see that again. And we'll also see this with
the Greens is where they do get elected, they let
the voters down.
Speaker 2 (04:09):
And all the lobbies are currently in the Royal Festival
Hall lapping up the Bethts Jodey Whittaker as the first
time nominee.
Speaker 3 (04:15):
Do you know what?
Speaker 5 (04:15):
It is so exciting and mainly because it's like a
massive reunion.
Speaker 9 (04:20):
I've been working for quite a few years and I
get to see quite a lot of mates all in
one space.
Speaker 3 (04:24):
I haven't seen for a really long time. And how
would you celebrate if you win a pint of wine?
Speaker 2 (04:31):
News of the World and winners in ninety they're all
involved as far as again and we have literally no details.
So a run got back. There were due on Friday.
They got back in the last couple of hours. Anyway,
we have no idea what they've seen, but guitars involved,
China's involved, and of course Pakistan's involved. So we'll keep
you But in related metals, I know to have a
night Saldi a Ramka who do a bit of oil
Q one, knitting comes up by twenty six percent, thirty
(04:53):
four percent quarter on quarter. That East West pipeline that
they're running, that's running at max seven million barrel a day,
so adjusted net income of just the thirty three point
six billion dollars, so it is still, in an odd
way a good business to be in twelve past six.
Speaker 1 (05:11):
The Mike Asking Breakfast Full Show podcast on iHeartRadio.
Speaker 3 (05:16):
How of my news talks ev.
Speaker 2 (05:19):
Ther Starma developments are interesting? Angela Rain is weighed in.
She hasn't launched a challenge, but she's weighed and she's
basically said he's got to do a lot better and
now and that Burnham blocking Bern and Andy Burnham, the
mayor of Manchester, that was a big mistake. Catherine West,
who's a nobody if you're not up on this, has
said if somebody doesn't, I will come Monday. She needs
(05:40):
twenty percent of the caucus, which is eighty one members.
It looks like she's got it, so that will at
least trigger a vote. So watch this space fifteen past
from Jennake Greg Smith.
Speaker 10 (05:53):
Welcome to Monday, Thank you bite morning.
Speaker 2 (05:56):
Now, those numbers they keep, I mean, every time you
look at the US job numbers and one where the
things are falling apart. They don't.
Speaker 11 (06:02):
Yeah, absolutely, yeah, Trump will be happy only but yeah,
real solid read at the headline. There's a few cracks
under the surface actually, but yeah, payrolls rose one hundred
and fifteen thousand and April, so that's well ahead of
fifty five thousand expected. Is down from eighty five thousand March,
but that was really strong. But yeah, when you look
at it, there's certainly some resiliency. There's over three hundred
thousand jobs added in two months. It's the strongest run
(06:24):
since twenty two eight four and just remember there's basically
no jobs added last year, so yeah, big change. There
were some revisions, as there always is. March was nudged
up to seven thousand, February revised down two hundred and
fifty six thousand lost, but yeah, pretty board based hiring.
Health Care that led the way again thirty seven thousand jobs.
Transport and warehousing headed thirty five thousand, so it's interesting
(06:45):
as well. I think it's a big jump there in
curry and delivery roles, so online retail that's a big driver.
Speaking in retail, they did twenty two thousand. There was
some weakness, so AI is actually causing obviously a bit
of reaction and information and tech. So thirteen thousand jobs
lost there, that's seen three hundred and forty thousand jobs
(07:06):
have actually gone since twenty twenty two. Overall employment rate
four point three percent, but might the participation rate fell
to sixty one point eight percent, so people are leaving
the workforce, took the older workers, so that's the lowest
level since late twenty twenty one. So you can say,
I suppose the stability unemployment is partially artificial. And if
you've got the household survey, total employment actually fell by
(07:29):
twenty two and twenty six thousand, so yeah, some cracks
blow the surface. Brought a measure of unemployment underemployment that's
eight point two percent, highest in the air. So headline
level good are not so much digging deeper.
Speaker 2 (07:42):
Okay, And then we come to the confidence and like
everywhere around the world at the moment, we're not particularly upbick.
Speaker 11 (07:47):
Yeah, absolutely right there, So jobs markets holding up, but
that's not how consumers feels. This is the Michigan survey,
so sediment's dropped the gain forty eight point two early May.
That's a record low, and that's actually a risk to
hiring ahead when you think about just talking about retail
and the consumer. So it reflects a bit of a
growing split. We've got hard data which is stable, but
sentiments collapsing. As you point out, it's down seven point
(08:10):
seven percent on the year. Big driver fuel prices obviously
you know the conflict, So GUS looking at that averages
around four to fifty a gallon nationally, it's up fifty
percent since the conflicts starting, and if you're driving around
in California, you're paying.
Speaker 10 (08:23):
Over six bucks. But so they've got a lot of
taxes there.
Speaker 11 (08:26):
So a third of consumers they said gas prices is
their biggest consume and also still concerned about tariffs and
broader cost pressures. One your inflation expectations on that note,
that's around four and a half percent. Longer term average
three point four And the interesting thing you talking about
whether the ceasefire and where it's all going to go.
Two thirds of consumers expect fuel prices to be even
(08:47):
higher in a year's time. So look, I think until
fuel prices come down, it's hard to see confidence coming back.
I went to see when that straight gets moving again
and the latest acronym might flying around financial market circle
doesn't live up to its name.
Speaker 2 (09:01):
Taco.
Speaker 11 (09:02):
That's old news. It's now at natcho. Not a chance
moves open, so let's hope that's way off base.
Speaker 2 (09:10):
Okay. Then British Airways who line up with every airline
as far as they can work out. And the fuel
bill it's amazing numbers eight two billion pounds.
Speaker 10 (09:18):
Yeah, that's right.
Speaker 11 (09:19):
Yeah, the fuel bill's got up from seven point one
to nine billions, so two billion euro headache. Even the
numbers are actually pretty good. So the revenue is up
seventy seven percent, so through fifty one million euros.
Speaker 10 (09:32):
Said that that was obviously so that.
Speaker 11 (09:33):
The earnings, the revenues are up two percent seven point
two billion. They do expect lower annual profit then previously.
Gode and fuel certainly changed the picture there. They're actually
a bit better place than most airlines might. They actually
hedged seventy percent of their fuel at lower prices, so
that's good. It could have been worse, and they expect
to recover around about sixty percent through cost and revenue actions.
(09:56):
So they're basically saying fair risers are going to come
through a particular BA that's sort of helping things as well.
So basically premium travel, transatlantic demand still doing well, and
yet they're looking at sort of fair eyes at BA,
so they say a free cashow is still going to
be significant, but below the previous three billion euro targets,
so they've got plenty of cash or my menagement said
(10:19):
on the call that they might use this as an
opportunity to buy any struggling European airlines in the months ahead.
So that's a bit of a change of churn because
they were walked away from buying air Portugal about a
month ago.
Speaker 2 (10:30):
Exactly what are the numbers?
Speaker 11 (10:32):
The doubt was a flat four nine six zero nine,
but the S and P five hundred, helped by the
jobs numbers record high up point eight percent seven three
nine eight, record high for Na's deck at one point
seven percent. Chip stocks were rallying hard, Micront up fifteen percent,
forty one hundred down point four percent ten two three three,
Nickel down point two percent, sixty two seven one three
(10:54):
A six two hundred that was down one and a
half percent six seven four to fourth informations certainly issue
there in fifty we were down point seven percent thirteen
one seventy five, Brent oil up a dollar twenty one
oh one point twenty nine, gold up twenty nine dollars
four thousy seven hundred and fifteen. Announced currencies up point
five percent against the US fifty nine point seven eight
(11:15):
dollars eighty two point four down point one percent, British
pound kvs forty three point eight down slightly, Japanese g
and not. We're ninety three point five up point three
percent this week, Mike. Locally, we've got business inflation expectations PMI,
visit arrivals offshore, quite a bit still going on. Ossie
consumer business confidence, US inflation, retail sales, kis Starmy. We'll
(11:35):
be looking at the UK GDP, bwning and earnings. We've
got Cisco, Ali, Barber, Sony and Toyota.
Speaker 2 (11:41):
Have a good one mate, that's Greg Smith from Generate
Wealth and Kiwi Saber specialists scat the lab. Just keep
on keeping on. First first quarter revenue up sixty three percent.
Second quarter four cast somewhere between two twenty five and
two forty million. They got a backlog of orders that's
more than doubled. They're still losing money, not as much
(12:02):
as they were, but they're going to be back in
the black when the neutron takes off. The neutron they
reckon will be going Q four of twenty twenty six,
So they're a great story. Six twenty one, you're at
News Talk zb wit.
Speaker 1 (12:17):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by News.
Speaker 8 (12:22):
Talks it be.
Speaker 2 (12:24):
Now, this is why I keep saying you don't want
to believe in poles or at least question polls, because
if you listen to Greg, they're a moment ago. The
sentiment in America is at record lows. You know, if
you bring up your abage, Americans the same all over
the world at the moment with the war or what
was the war? You know, is it a good time
to buy a large household applying?
Speaker 12 (12:40):
Oh no?
Speaker 2 (12:40):
The wars on? You know, are you feeling a bit
down in the dumps and the wars on? And yet
retailers in America added twenty two thousand jobs just in
April alone, So that was one fifth of all the
jobs created were in retail. Now, why do retailers hire
people for jobs because they're selling more? How do they
sell more? People turn up with a wallet and they
buy stuff, But you asked them, Oh, is it a
good time a butt? No, the walls on see so
(13:01):
the two don't dovetail. Facts don't lie six twenty.
Speaker 1 (13:05):
Five trending now with AMers Warehouse, the Real House of Fragrances.
Speaker 2 (13:11):
Now you gots some money, you might be interested in
the Spirit Airline. Remember that went belly up last week.
Lawyers are in bankruptcy court as we speak. But into
Hunter Peterson. He's got about a million followers on social media.
He's nine to for quote unquote funny travel videos.
Speaker 13 (13:26):
Okay, I had a genius savior, Spirit Airlines, just one bankrupt, right,
I'm the guy that flew Spirit Airlines for twenty four
hours straight.
Speaker 14 (13:31):
There's more than two hundred and fifteen million individuals over
the age of eighteen in the United States.
Speaker 15 (13:36):
Now, if we took only twenty percent of them and
he basically the.
Speaker 14 (13:39):
Average fare of a Spirit Airlines flight, which is somewhere
around thirty to forty dollars, we could buy Spirit Airlines.
Speaker 10 (13:46):
This is a genus idea.
Speaker 2 (13:47):
We nationalize Spirit Airlines.
Speaker 3 (13:50):
All other people airlines gone, we make a new there.
Let's buy an airline.
Speaker 2 (13:56):
Okay, so let's buy an airline. Seven million times that's
been seen. He started a website which is called, perhaps
not surprisingly, Let's buy Spirit air dot com. As of
last night, we've had three hundred and thirty seven million
dollars pledged. Is I'm assuming pledging is different to actually
giving the proposal is largely the same as that as
the Green Bay packets, which is publicly out another words,
(14:17):
you buy yourself a football team, you buy yourself an airline.
Why wouldn't you? So does three hundred and thirty seven
million buy you an airline? No, it does not, not
even a hackneyed old bally up airline like Spirit. You
will need one point seven five billion. But they're still open,
they're still counting, so we'll do that. Now. I'm reading
in one roof this morning, which is good news, not
great news on real estate. I'm here to tell you
(14:39):
with Tony Alexander, who'll be with as sure that he's
been doing his ongoing series of studies with the real
estate agent. So I'll give you those numbers in just
a couple of moments. But reading in one roof this morning,
first home buyers are getting younger, that's encouraging, and they
are buying more standalone homes, which I think also is encouraging. So,
like everything in the old real estate market at the moment,
(15:00):
depending on whether you look and how you look, is
it glass half full or glass half empty?
Speaker 3 (15:04):
Tony next opinion edit, informed, unapologetic, the mic asking breakfast
with Defender, embraced the impossible news talks.
Speaker 2 (15:13):
He'd been mid Wellington Phoenix women's team making the Grand final,
great story of redemption for their coach, Bev Priestman's a
good point. We'll do the sport after late this morning.
Are Iran Richard Arnold back from the break so they've
got the runs handed it over to the Pakistanis. We
don't know what's in it, so we'll get the latest
on that. Meantime at twenty three to seven, start read
into our housing market, Tony Alexander, As you know regularly,
(15:34):
poll's agents. Latest stat SUOW forty four percent fuel prices
are falling in their area, fifty one percent see fewer
people at open homes, fifty percent of seeing fewer investors.
Tony Alexander's with us mording MANK, Yeah, good morning, Mikeel.
Is this all war related? We're in a funk and
don want to do anything.
Speaker 16 (15:50):
Mainly year it's war related. But when we look at
the monthly indicators that I gather here, things we're already
starting to turn around a bit before the invasion on
February twenty eight, as people started to get newly worried
about interest rates going up, in particular because the wholesale
rates bottomed out in October last year, they've been coming
up and mortgag rates are already rising before February twenty eight.
Speaker 2 (16:11):
And we still have high stock levels, don't we.
Speaker 16 (16:14):
Yeah, thirty four thousand or so properties listed for sale.
It's a heck of a change from twenty twenty one,
when for a while there were fewer than fourteen thousand.
So you know, people have a lot that they can
pick and choose from. And it is solidly a buyer's
market out there and has become more so recently.
Speaker 2 (16:29):
How much is it jobs related? Those numbers we got
last week The headline was bet at five point three
instead of five point four, But you look at a
place like Wellington or Auckland, they're well into the sixers.
Did jobs play a part in this?
Speaker 17 (16:41):
Oh?
Speaker 16 (16:41):
Definitely. If people don't have confidence about retaining their job
or getting a replacement that get laid off, then they're
going to hold back from making a property purchase. And
the survey there shows that about fifty one percent of
the agents believe that people are worried about their jobs
late last year.
Speaker 14 (16:58):
You know.
Speaker 16 (16:59):
In fact, earlier thish that was only thirty three percent.
So that has also turned around and can have a
big impact.
Speaker 2 (17:05):
And so you're forty four percent that's feel the prices
are falling in their area. Is that an asking price
or a sale price? Because the two aren't aways the
same thing, of.
Speaker 16 (17:12):
Course, yeah, yeah, no, that'll just be for the sale
price that comes about. It's just a general question to
the agents. Reckon they going up?
Speaker 3 (17:19):
Yet?
Speaker 16 (17:19):
Reckon they're going down? And they have so many say
they reckon they going down? Look like I say, it
puts the power on the part of the buyers and
the vendors. If you want to sell your property and
move on with your life, you've got to get realistic.
Speaker 2 (17:30):
Is there is there still a bit of that in
the market. I see it myself. You know, people are going,
what do you reckon that's worth? And they go, well,
they're asking whatever, and you go, you know that's not
you know, people are just sort of about to lunch
a bit or is that unfair?
Speaker 16 (17:42):
Yeah, no, a lot of them are dreaming. There's a
good number of people paid top prices in twenty twenty one,
and I hope they're going to get back the price.
But on average we're down fifteen twenty percent from the
prices there, and if they're hanging out for that, they
could be waiting another three or four years quite quite frankly.
And my recommendation is, you know, if you can bite
the bullet and get on with other aspects of your life.
Speaker 2 (18:01):
What's your vibe if say this thing that the Iranians
have handed over as a deal, we've got to deal
the straight opens back, inflation flushes through the way it
does in six months time, will we back to what
we were or not?
Speaker 16 (18:14):
It's going to take a while to get back to
where we were. Like I say, the interest rates were
all redecoing up. The monetary policy cycle is now into
the tightening phase from maybe late this year through twenty
twenty seven twenty twenty eight, so I think we would
revert back to the housing market improving. But even before
the Iranian event, you know, at best we were looking
(18:34):
at prices on average this year, maybe gaining three or
four percent, it's still going to be a relatively mild
outlook because of good supply.
Speaker 2 (18:41):
First time buyers are still a good story though.
Speaker 16 (18:43):
Yeah, that's right. That's been the case since early twenty
twenty three. They jumped into the market with the prices
having fallen, not much competition out there, and feeling good
job security eventually and still a net twenty six percent
of agents saying by seeing more first home buyers. So
from a societal point of view, this is really positive.
Good supply, lots of young people able to make a purchase,
(19:05):
maybe a few more of them will stick in the country.
Speaker 2 (19:07):
We like it. Good on you, mate, mus to catch up.
Tony Alexander, Independent economist. Of course, I wonder, Mike, if
the left wing media will report the new poll showing
this government would win the next election. Mark, it's not
a pole. It's in the Herald this morning. It's a
pole of poles, and that's what makes it a bit
different from the rest. But I'll come back to that shortly.
It's a good point you make.
Speaker 1 (19:24):
Nineteen two The Mike Hosking Breakfast Full Show podcast on
iHeartRadio powered by News Talks.
Speaker 5 (19:31):
It be.
Speaker 2 (19:33):
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health Scare was a big win.
Speaker 13 (20:35):
For not.
Speaker 2 (20:37):
Like it wasn't predicted, but I think they it was
bigger than they thought and Parah looking forward to catching
up with Steve after eight thirty this morning. In fact,
they called it just a couple of hours after poll's closed.
So a huge vote and as as I read yesterday,
it was brilliantly put. The voters in Farah have sent
a clear message to Canberra get stuffed.
Speaker 18 (20:56):
Six forty five international correspondence with when's it eye insurance?
Speaker 3 (21:01):
Peace of mind for New Zealand business.
Speaker 2 (21:02):
Goood, Donald Side, welcome back. Is he with us or no?
Can't hear them all right, so he's not with us.
We'll come back to that in just a couple of moments.
One million dollar gold card fails to catch on among
the world's wealthy. So this is the Trump gold card.
Wait until I tell you about the phone. The phone's
an even bigger disaster US residency and record time. Remember
(21:24):
the gold card one million dollars. We're into delays and
we're into legal questions. So far, only three hundred and
thirty eight people have submitted requests only one hundred and
sixty five people who pay the fifteen thousand dollars processing fee.
There's a new court filing suggesting that applicants who pay
the one million dollars for a gold card won't get
faster visas. Lutnik Commerce secretary predicted that the government would
(21:47):
issue eighty thousand gold cards and would raise more than
one hundred billion dollars in revenue. It simply hasn't happened. Right,
Let's try and connect again and do it properly. Richard Arlold,
morning to you.
Speaker 19 (21:58):
It's all work.
Speaker 10 (21:59):
Morning, Mike, welcome back.
Speaker 2 (22:01):
Do we know what's been handed back from the Iranians
or not?
Speaker 19 (22:05):
You know? If there was a done deal, we would know,
wouldn't we But we don't. Are they any closer? Would
the agreement be any stronger than the Obama twenty fifteen
fact that Trump rejected and called horrendous question in my
question mark. At the core of the one page piece
form random is a call for a moratorium on Iranian
uranium enrichment. Some reports say this could cover a period
(22:26):
of just ten years, so that would be less than
the Obama fifteen year deal. The idea is to reopen
straight of Hermus, which was of course not shut down
before the war, and then during a thirty day period
negotiate for the details. Trump's went Ambassador Mike Walsh's, these
efforts amount to focusing on diploma.
Speaker 5 (22:43):
Saiving diplomacy every chance we possibly can before going back
to hostilities.
Speaker 14 (22:48):
But he is absolutely prepared to do.
Speaker 19 (22:49):
That, while Israel'snatnio, who was out today saying, oh on
American CBS that the war is not done.
Speaker 17 (22:55):
Not all, because there's still nuclear material enriched uranium that
has to be taken out of Iran. There is still
enrichment sites that have to be dismantled.
Speaker 19 (23:05):
So he's still taking that heavy line. He's saying the
US and Israel should go in and take the partially
enriched around in uranium. But how no comment on that
from the ISRAELIP, and meantime, DEM's declaring the situation to
be pretty disastrous to Sendator Cory Booker of Resident Trump.
Speaker 20 (23:20):
He has got us into a trap and we're effectively
in a stale meet well.
Speaker 19 (23:24):
Senator Mike Kelley says the depletion of Pentagon arms is
a big, big concern.
Speaker 20 (23:29):
The one point five trillion dollar requests from this administration.
Speaker 14 (23:33):
It's outrageous.
Speaker 20 (23:34):
When I got to the Senate five and a half
years ago, the defense budget was just over seven hundred
billion dollars, so.
Speaker 19 (23:41):
We're talking double the figure right. Meantime, Trump's economic advisor,
Kevin Hassen says that despite spiraling costs for fuel and
a whole array of consumer goods, everything is going just swimmingly.
Speaker 20 (23:53):
The consumer is really really firing on all cylinders, just
like the corporate sector you're seeing in the earnings reports.
And they're doing that because they have so much more
money in their pockets. In fact, I had the head
of one of the big five banks in my office
yesterday going through the credit card data, and just so
Secretary Vessons said, credit card spending is through the roof.
They're spending more on gasoline, but they're spending more on
(24:14):
everything else too.
Speaker 19 (24:15):
So massive credit card debt is a sign of good times.
Speaker 12 (24:19):
Right.
Speaker 2 (24:20):
So where are we at with the Canary Islands and
Tenerif in that ship?
Speaker 19 (24:26):
I think the debate over whether the passengers and crew
from this ship should be monitored at home or kept
in quarantine. We've had three people who died from the outbreak,
five passengers who left the ship were known to be
infected with the deadly virus. And now one of the
French passengers we heard just in the last a couple
of hours while who's being shipped home today, started to
do display symptoms. So we have one new Zealander who
(24:47):
left the cruise ship Hondius back in April. Then there
is a new Zealander and a permanent resident, and four
Australians who are being backed to Perth tomorrow and then
onto the Australian East Coast after that, and then who
knows what well the Americans from the we'll be taken
to a quarantine center in Nebraska, but then will be
released for home monitoring, says doctor Michael Osterholmer, virus specialist,
(25:08):
who says that's the appropriate response. Home monitoring is the
best approach, says former CDC official Deb Howry. No mandatory
quarantine is the right path to dealt However, other experts
say symptoms can take between one to eight weeks to
show up after exposure. So who's right on that?
Speaker 17 (25:26):
Yeah?
Speaker 2 (25:26):
Exactly, all right, make ketchup Wednesday. Appreciate it very much.
Speaker 11 (25:28):
Yeah.
Speaker 2 (25:28):
The other thing you say is visas not going well.
Neither is this phone, the gold t one phone launched
in June last year, you might remember as four hundred
ninety nine dollars. It was a reskin of a Wingtech
Rebel seven Pro five G. It's all part of the
Maid in America push until they found it wasn't made
in America because America doesn't have the capacity to make
large scale smartphone at all. So six hundred thousand people
(25:49):
who paid one hundred dollars deposit and then the phone
never arrived. So it was due in September of last year,
then November, then December, then Q one of this year.
Now the timeframe's gone from the website completely. And today
we find out the lawyers are involved because last month
they quietly changed the terms of service that any quote
non refundable deposit was merely a conditional opportunity to buy
the device if the company chooses to sell it. Fine
(26:13):
print it removes any binding contract and stipulates that deposits
had no independent cash value and are not transferable. Elizabeth
Warren wants the FEDS to investigate Ten Away.
Speaker 1 (26:21):
From Seven, the Mike Hosking Breakfast with Bailey's Real Estate, Newstalks,
Dead Bees to.
Speaker 2 (26:28):
The aforementioned text about the pole. It's not a poll
this morning, it's a poll of polls, and that makes
it slightly different. In other words, they've taken all the polls,
and even some of the ones that we don't talk
about regularly crunched them through This is the Herald. They've
used the data to run four thousand election simulations. And
the conclusion is that, as we've said on this program
(26:49):
all along, if you apply a bit of logic, you
can't help but come to the conclusion that this government
is going to get reelected. Whether you use history most
governments get a second term, or whether you use the
hard reality. When you add the numbers together, the center
right come up Trump's more often than the center left.
And that's before you get to the business. And I
don't know what labor or how they would explain it,
(27:10):
but they're going hard after the Maurory seats. Now, there's
nothing wrong with that if they want to do that.
They've got a good history in the Marray seats. But
in trying to destroy the Maori Party and winning all
the Maray seats, they've run out of options. They'll get
to the election with two parties, and there is no
way in the world that the Labor Party and the
Green Party combined are going to have enough seats to
form a government. This is the conclusion that the polar
poll with the Herald comes to eighty eight point three
(27:32):
percent chance of the government being re elected. Current average
support for the three party coalitions fifty point two to
forty four point nine. That's a five point three percent
gap and that's only going to get worse if they
destroy the Maorray Party. And the gap has actually grown
over the year. Now, obviously we're sitting here in May.
A lot can happen between now and then. Blah blah blah.
(27:53):
But at the end of the day, they think National's
going to have thirty seven seats in New Zealand Verse sixteen,
Act and ten. Do those numbers and they'll be back easily.
But eighty eight point three percent, that's a completely different
picture than any one individual poll on any one given day.
Prime Minister's with us after seven thirty five minutes away from.
Speaker 1 (28:12):
Well, the ins and the ouse, it's the fizz with
business fiber take your business productivity to the next level.
Speaker 2 (28:19):
Now, more stats on the economy. If you've noticed, the
old food bill is not going up quite as much
much as it was. Do you know why, Well, it's
because it doesn't say this is the infometrics food stuff's
grocery supplier cost indrixts we're talking for April, it rose
just the two percent from a year earlier, so that's
below inflation. In other words, it's got a bit of
war price spike in it. And the bad news is
(28:40):
that there's more war price spike coming obviously. But protein
they're the big movers, or the protein costs are the
big mover's. Average costs for a seafood supply was up
four point nine percent. The old fresh filet and the
salmon they're rising. Pork costs are up over four percent.
Why because we've decided that pork is better than beef
and lamb and chicken because they've got a lot of
head line noise and the prices they are going up.
(29:02):
So in other words, pork is cheaper than beef, lamb
and chicken. I'm surprised pork is cheaper than chicken. But anyway,
be that as a bread and grain they're up two
point one percent. Produce up too and a half percent,
with the biggest increase being the kumra of the broccoli
and the capsicums. Overall, twenty two hundred products increased in cost?
Is that a lot?
Speaker 10 (29:20):
Not really?
Speaker 2 (29:21):
Actually, that's the encouraging thing. The average number is about
twenty nine hundred, so fewer things are going up, and
of those that are going up, they aren't going up
as much as they used to, is what I surmise
from that police are quitting this. This is the weirdest story.
I mean as one hundred, so that how many police
are there? There's ten thousand, so it was one hundred
(29:42):
and forty four going to Australia a thing some people
seem to think it is, so we'll talk to the
police commissioner. It's the old money of course in the
Sunshine and Queensland, so we'll talk to the police commissioner
about that in the next half hour. And then putting
over the weekend said the war's coming to an end?
Is how what's he mean by that? Will take you
to Ukraine as well after the news, which is next
News Talks.
Speaker 1 (30:00):
Edley, You're trusted home for news, sport, entertainment, opinion and
the Mike the mic asking Breakfast with Bailey's Real Estate
one hundred percent key we owned and operated US togsded.
Speaker 2 (30:13):
B well Ay and welcome. Seven past seven. The old
police scarping to Australia story back this morning. Latest figure
shot at least one hundred and forty four left for
Australia in the past year one and three resignations apparently
linked to moves across the ditch. Pay seems a major factor.
Richard Chambers as the Police Commissioner and is back with
us Richard morning, Good morning, Mike. Why or how have
you guys become the poster child for a brain drain
(30:33):
that's affected I'm assuming just about every occupation in the country.
What's so fascinating about cops? Not that you're not important,
I just wonder why we're so fixated with it.
Speaker 21 (30:42):
Well, but it's a very good question, Mike Aman Kiwis
are great people, right, Our reputation globally whatever we do
is outstanding and police are no different. So it's no
surprise that other law enforcement agencies come to our country
to look for some of the best police officers in
the world.
Speaker 2 (30:57):
Frankly, and is this number any better or worse or
different or is this just the way it is?
Speaker 13 (31:03):
Well, look, it's just.
Speaker 16 (31:04):
The way it is.
Speaker 21 (31:04):
I mean, there's a tremendous amount to be proud of
is that we've got nearly ten and a half thousand
police officers. Now we've never had that many in this
country before. That's about turnound seventy more than November twenty
twenty three. And our attrition rate right now is four
point six percent, which is one of the last it's
ever been. And just to compare, you know, let's take
the Northern Territory Police. They have fifteen hundred staff total,
(31:27):
so they've got a goal to recruit two hundred more
over four years. Their attrition rate is sitting at around
eight to nine percent. So my point is actually they
keep coming and taking some of our best police officers,
but I think they've got a few issues they probably
need to look at locally because that's a very high
number of their own staff leaving, so maybe they want
(31:48):
to have to focus on that teeth.
Speaker 2 (31:49):
Indeed, what about our counter campaign, the one that we
go out and recruit, is that still successful or not.
Speaker 21 (31:56):
We've had sixteen police officers come home from Australia. We've
got more currently going through the process to also want
to come home. It costs us about forty thousand dollars
to put one recruit through the police College. So you know, Franklly,
anybody who wants to come home and rejoin you on
police very welcome and I'm heavy to help with that
is if.
Speaker 2 (32:15):
You could match it. If somebody came to you and
said I'm off to Australia for whatever the paying in
Australia and said, don't worry, we'll match it, would that
solve the problem or do some people just march to
their own beat.
Speaker 11 (32:25):
Oh.
Speaker 21 (32:26):
Look, going offshore and experiencing policing elsewhere in the world
is always going to add value. I've done it myself
when I was within Depo, and I think you get
to appreciate what policing can be like in other parts
of the world and actually puts it all in perspective.
We are incredibly lucky to be keywas were very lucky
to be police officers in this country. So I've got
no issue with some wanting to go offshore and experience
(32:47):
it elsewhere, because you know, they come home and frankly,
they probably come home better realizing actually that what news
in on police does is pretty much world leading and
the way we police and what we have to do
our job.
Speaker 2 (32:56):
Is part of the problem that you've been hoisted a
bit by the five hundred promise made and so therefore
that that is what really gets the attention.
Speaker 17 (33:04):
Oh look, I.
Speaker 21 (33:05):
Mean I don't get into that. I said very early
on in my tenure Mike that what mattered was quality.
I was not prepared and I'm not prepared to drop
standards to make sure that we hit that number. I
want quality police officers because I know that that's what
key we want, Key we want too. So yeah, I've
set very clear standards and expectations, and if we select
the wrong people to be police officers in our country,
(33:27):
we spend many more years trying to fix things. So
we're on track later this year to hit that five hundred.
But we'll have five hundred outstanding cops, and we've also
had about one hundred rejoin since January last year have
left police and done other things in New Zealand. Some
of those have come back from Australia, but you know
that's gone and tried a few things outside policing. So
(33:47):
I think that says a lot about who we are
as an organization and what it means to be a
police officer. In New Zealand.
Speaker 2 (33:53):
Who has talked to you? Richard Chambers, who's the police
commission of ten minutes past seven, last game? So what
do you reckon? Blate to me? A Putin means when
he says the war could be coming to an end,
the victory parde. Of course, over the weekend scale back
the ceasfire for a couple of dimes has been agreed.
There's even the prospect apparently of a Putin Zelensky meeting you.
And McDonald is editor of the New Voice of Ukraine
anders with us from Kiev morning.
Speaker 22 (34:13):
A good morning mine.
Speaker 2 (34:15):
What does this mean it's going to come to an end?
Is this material or not?
Speaker 22 (34:21):
Difficult to say. Putin makes these states occasionally, but what
we haven't seen really is any major change in the situation.
So there's no really any evidence that the war could
be coming to an end. In fact, it actually seems
to be escalating a bit. Russia has been making threats
to attack the sense of Kiev and Ukraine has been
(34:42):
carrying quite a successful campaign of attacks on Russian oil refineries,
with about twenty attacks its the beginning of the year,
causing billions of dollars of damage to Russia's oil industry.
Speaker 2 (34:54):
The scale back victory parade. Do we read much into
that or not?
Speaker 22 (35:00):
Yes, Russia's suffering from a shortage of weapons. It's losing
a tremendous amount on the front. It's having trouble raising
enough soldiers. It has already turned to other countries like
North Korea for extra troops. The Russians were notably anxious
(35:22):
about holding the parade. They issued a series of very
dire threats against the center of Kiev and warning embassies
even that Kiev might be hit if Ukraine made any
attempt to disrupt the parade. So they were very worried
that they knew Ukraine had the potential to disrupt the
(35:43):
parade with its long range drones. They were very worried
about it, and Ukraine took advantage of that fact rather mischievously.
Ukrainian President le Lenski issued a decree guaranteeing that the
parade could go ahead in exchange for a ceasefire and
a prisoner swap.
Speaker 2 (36:01):
And has that been successful.
Speaker 22 (36:05):
Ukraine held up it's part of the bargain. There was
no disruption of the parade, but the prisoner swap is
still kind of in limbo at that this moment, it's
not certain if it will go ahead. Ukraine says that
it is in process and they're trying to work it
out with the Russians. The Russians have accused the Ukrainians
(36:26):
of dragging their feet on the matter. So we will see.
What I think is certain that once the three days
ceasefire is over, then we'll probably see return to hostilities again.
Speaker 2 (36:37):
I was going to say, where does this go?
Speaker 22 (36:39):
Ultimately, these ceasefires occur regularly. They are more better, they're
better described as operational pauses. Both sides use them to regroup, resupply,
rotate troops, and the fighting commonly returns almost as soon
(37:02):
as the deadline for these far expires. Both sides, of course,
are reporting numerous violations of the currencies fire anyway, so
it's there's a pause on major strikes on each other's territory.
But the fighting really has continued, albeit a lower skill,
all along the front, all during the ceasefire.
Speaker 2 (37:24):
All right, you and I appreciate it. You and McDonald
out of key for us this morning, fourteen minutes past seven.
I was optimistic, but increasing the age of super and
getting rid of the fees. Three year at university has
instantly lost them a large percentage of the boats. I
completely disagree, and I'll explain more before the half hours
out morning might question, why wouldn't Labor not stand any
candidates in the Mary seats allowing to party Marriy to
win them Ali National does with that? Would that not
(37:46):
help the left block? Yes, and Paul, And that's the
great conundrum for somebody like me. I don't understand that
they're literally giving away numbers under MMP. You get what
you get. If you win thirty percent of the boat,
you get thirty percent of the seat. And there's no
Maory party there. They're short, they go in short. They oh,
they're shortened on their night. They're going to be short.
So I just wonder if the Knight's not going to
present them with a tremendous amount of regret. Fifteen past the.
Speaker 1 (38:08):
Hike, Asking Breakfast Full show podcast on iHeartRadio powered by
News Talks at.
Speaker 2 (38:14):
B News Talks be the Prime Minister shortly seventeen past seven.
Cost of private schooling, by the way, reaching new levels.
So we've got more colleges crashing through the thirty thousand
dollars a year barrier. Top ten all over the threshold.
These days, Christ College in christ Church fees up five
percent to thirty five thy nine hundred, let's call it
thirty six thousand, shall we. Guy Pasco is the CEO
(38:34):
of the Independent Schools of New Zealand, and as with us, Guy,
morning to you sure.
Speaker 3 (38:39):
Might turn me on, not at all.
Speaker 2 (38:40):
I see. I don't know whether this is bad or not,
because if you look at Sydney it's fifty to fifty five,
so thirty to thirty five seems like a bargain, doesn't it.
Is it a bargain or not?
Speaker 10 (38:49):
Well, I mean it's.
Speaker 13 (38:51):
Up for up to appearance. Who decide, Mike. You know,
we feel obviously that our schools are a fantastic jole
and appearance obviously feel that as well. But that's not
to say there's great things happening in the state system
as well.
Speaker 2 (39:04):
What's it based on when you say five percent? Is
that a cost of living thing or is that what
parents will tolerate or a bit of both.
Speaker 13 (39:14):
Well, schools I think are very conscious about affordability and
they work hard to keep their fee increases as low
as possible, but they're not immune to the same inflationary
presses everyone in New Zealand is experiencing, and with little
in the way of government support, they don't have much
choice to pass some of those costs on to families.
Speaker 2 (39:30):
And in passing that on, does it affect demand at
all or not?
Speaker 13 (39:35):
Well, we still see pretty strong demand across our schools.
I mean, it's that they have around four percent of
the population go to independent schools. It's a bit higher
and Auckland at around six percent, and there was about
a two percent growth across our member schools last year.
So there is still high demand.
Speaker 2 (39:52):
And is there a direct connection or a greater connection
the more you pay, Does the connection get enhanced as
to expectation around service and result or not.
Speaker 13 (40:04):
That's a difficult one for me to so. I mean, certainly,
you know, parents are choosing independent schools for a wide
range of reasons, and high academic outcomes might be one
of those, but also there's a habit or other range
of reasons as well, so small class sizers or a
particular curriculum or educational philosophy, or maybe it's because their
(40:25):
children have got specifical learning needs.
Speaker 2 (40:27):
Interesting, all right, Guy, I appreciated Guy passco Independent schools
of New Zealand. Of course you got two or three kids.
It's a massive amount of money. Nineteen past seven past
I could disagree with you. The fees free removal will
affect votes. We traditionally vote for National New Zealand first
or Act across our household each election. I had three
children affected by this. Our household won't be voting for
any of the party supporting this policy. The irony of
(40:48):
it is you realize the policy didn't work. The idea
of the policy was to get kids from underprivileged households
to get to tertiary. The argument was, if you come
from an underprivileged household, you wouldn't want to go to university.
That was designed very specifically to take disadvantage students and
to give them a break. It didn't work. It didn't
(41:09):
work when it was year one, and it didn't work
in year three, and all of the time we never
had the money to pay for it anyway. So how
that swings a boat, I don't know, but we will
talk to the Prime Minister about it. Shortly seven twenty.
Speaker 1 (41:21):
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by News Talk.
Speaker 2 (41:27):
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But at to I eight hundred triple nine three are
(42:29):
nine for a bart health ask out seven twenty four
hard to believe. Really, the superannuation is still the still
a thing. The OECD report last week told us we
need to bump the age. Nikola Willis told us Friday,
we've got to do something. The Prime Minister goes on
z BE on Friday, I think two tells us they
will campaign again on bumping the age. We should not
be here. So in nineteen eighty two, when I started
(42:52):
work at the age of sixteen, it was very clearly
in my mind I had to sort my future financially
given the debate at the time nineteen eighty two. The
debate at the time was that superannuation is not affordable
and the state could not always be relied upon to
be there for you. So if that was a debate
in nineteen eighty two, why is it still a debate
in twenty twenty six, having achieved or solved nothing. The answer,
(43:13):
of course is because it has been political dynamite. No
party really wants to risk losing votes over what has
been seen as an entitlement. So first port of call,
is it an entitlement or not? If it is, bump
the age because there is no question. We live longer
and therefore retirement is not what it was and it
will continue to evolve, or my preference make it a benefit.
(43:34):
We see Labour's fees free doctor thing as a money
wasting joke. Why does a person like me on a
good salary need a free doctor? I don't stop wasting money,
so why not apply the same to retirement. Do you
need it? If yes, you get some assistance. If no,
then save the dollars for somebody else. But some still
argue it's the reward for a life's work. Is it
(43:55):
the reward for a life's work? I would have thought,
is money in the bank a bit of traveler? No alarm?
The country doesn't know me anything. Equally, that old farcical
line about you having paid taxes, you realize that was
never true. The taxes you paid have been spent every year.
Almost every year, we spend more than we earn. There
are no savings, there is no surplus. Your taxes paid
for health care and government departments and roads and beneficiaries.
(44:18):
Like so many of life's issues, when you complicate them
and fiddle with them, they remain unsolved. Kicking it down
the road isn't a skill, it's a lack of backbone.
At some point, someone has to be honest enough to
pull the pin. It is not nineteen sixty eight and
sixty five is an old This thing has been debated
so long now it's actually become boring. Pasking, Mike, are
(44:38):
we going to hear Freddy on air this morning? What
a very good question. Well, the Frederick is amongst us.
He's in the house, as they say, and I chatted
with them earlier on and he's having a good time
and he's just next door through the double glazing. And
I said two things. You can come into the studio
when the Prime Minister is here if you want. He
(44:58):
at this point particularly point, has decided he wants to
remain in the control room where all the bright lights
are and all the computer screens, and Sam and Michael
and all the gang are there. So he's having the
time of his life. So at this particular point we
offered him the chance to join the Prime Minister in
the studio. But at this point he's choosing to stay
through the double blazing. And I also offered him the
chance to ask the Prime Minister a question, and he
(45:20):
was going to think about that. So we'll we'll see
what he's concluded, then we'll vet the question. Justin clace,
he goes rogue. Of course, could be the last person
in front of the BSA.
Speaker 23 (45:30):
You never know the newsmakers and the personalities, the big
names talk to Mike, the Mike Hosking, Breakfast with Vida,
Retirement Communities, Life Your Way News tog said.
Speaker 2 (45:42):
Be carent try box after right, of course being a Monday,
but are twenty three minutes away from the Prime Minister
is with us. Very good morning to you.
Speaker 24 (45:48):
Good morning Mike, just for that great you've got a fan,
and Freddy, it's great you just for the listeners. Mike's
invited an eleven year old and who's a big fan
of Hosking to shadow him for the day. So signing
Freddy up, I think he'd be the next ten years
or so.
Speaker 2 (46:02):
And unfortunately what the Prime Minister has done is trying
to convince Freddy that I'm some sort of weirdo. And anyway,
it wasn't as bad. I must tell you we put
on what was the breakfast we put on.
Speaker 24 (46:15):
For well, listen as I come into the show, I'm
never even off at a glass of water. I come
in this morning and there's very healthy fruit and very
posh yogurts and.
Speaker 10 (46:23):
Exactly all sorts of things for Freddy.
Speaker 2 (46:24):
But that's how we roll. The boss wanted McDonald to mcclurry's,
we had, and you went healthy on them. We had
to tell them to pull his head and right, let's
deal with some business, most of all the fees free.
Does this irk you that it's out?
Speaker 10 (46:38):
No, not really.
Speaker 24 (46:39):
Look, it was going to be a pre budget announcement.
The backstory here is that you know, we've moved New
Zealand first to quite a good place. I mean, it
was part of the Coalition agreement to move it to
you last year fees free, and actually they've, you know,
all credit to them, they've actually seen that it's a
huge monumental policy failure and a huge waste of tax
payer money. And whether it was under as a first
(47:00):
year fees free or under the Coalition as a last
year fees free, the bottom line is it hasn't delivered
on any of its objectives, hasn't driven more kids into
tertiary education, hasn't put kids from poorer backgrounds into education,
and certainly hasn't supported lifelong learning. So, to be honest,
Mike Better, we're not in the business of untargeted subsidies.
Were already underwrite eighty percent of university education, one of
(47:21):
the highest in the world. And so let's knock it
on the head.
Speaker 2 (47:25):
Criticism that, as much as you want to criticize year one,
next year is on me famously from justinto ad and
you didn't fix it in the sense you put it
at the back end, which at least made more sense
in year one, but still didn't work.
Speaker 10 (47:36):
Yeah, still didn't work.
Speaker 24 (47:37):
And I think you know that it was important to
New Zealand first they actually sort of believed in the policy,
and as I said, you know, some credit to them
because at the end of the day, they saw what
we could see and we talked about it for some time,
and I think we've got to a good place.
Speaker 2 (47:51):
Okay, where does the money go then as.
Speaker 24 (47:52):
Well, some of it will go into trades training. Actually,
we're finding we're getting hugely over subscribed in high school
on what's called the trades academies, we can probably double
the number of places that are available there. And the
second thing is something called the Youth Guarantee, which is
actually for young kids with actually low or poor qualification,
not no or put you know, low qualifications, to get
into vocational pathways at polytechs.
Speaker 2 (48:13):
What's the difference of giving it on Not that I'm
against this, but what's the point of giving a trainee
mechanic an apprenticeship with government money versus giving an engineer
or a doctor. Yeah, well, actually money at university.
Speaker 24 (48:23):
Yeah, the youth guarantees actually for kids that actually haven't
got great qualifications, have either got no qualifications or very
poor qualifications coming.
Speaker 10 (48:30):
Out of high school. But the trades side of it
is a part of the.
Speaker 24 (48:33):
Program that we know is actually we would love to
get more money into if we could. And it's actually
quite interesting. You know, if you get out and see
some of the high schools. You know, these kids are
signed up at the beginning of the year. They might
actually be building two or three state houses for the government.
Speaker 10 (48:47):
But they also get.
Speaker 24 (48:48):
Very connected to know the building industry within their own
local town as well. So a lot of those kids
are then you know, the feedstock for apprenticeships in local reagion?
Speaker 2 (48:58):
Is all the money being used without giving budgets away?
Speaker 17 (49:00):
Yea.
Speaker 2 (49:00):
Do you tell whatever you're taking out of university you're
putting into trades dollar for dollar, I will reveal all
of that in the budget. Means you're saving some So
you take one hundred out and you'll save someone. We'll
be saving someoney, Okay, fair enough to retirement yep. What's
your assessment of the political risk given key for example,
wouldn't want to touch it. What's your assessment of the
political risk of telling people vote for me because I'm
(49:22):
going to make it harder for you.
Speaker 10 (49:24):
To retire and get money. Yeah.
Speaker 24 (49:26):
Well, I think the bigger question is what's the problem
we're trying to solve. And when you look at it,
we've gone from seven workers to one retiree. I think
very shortly in the next few years. I think we're
at four to one today, will be at two to
one very quickly, very big proportion of government spending going
forward with an aging population, I think it gets up
to you at sort of eighteen percent now. I think
it gets up to twenty five percent pretty quickly, and
(49:47):
particularly in the next few years. It really starts to
accelerate on us. So the problem is the system is
essentially going to become unworkable and unaffordable, and it just
means that that's money we don't put into health and education.
Speaker 10 (49:59):
Or we end up loading up our kids with a
hell of a lot of debt.
Speaker 24 (50:02):
If you take a step back, you've actually got to
say three things. One is how do you I think
one of the things we're really quite hot on and
you've seen the National Party policy from November last year.
We've started some of it in government, but we've got
to step up the contributions to match Australia twelve percent
by twenty thirty two. The second thing, I think there
is a genuine.
Speaker 10 (50:17):
Question about age.
Speaker 24 (50:18):
You know, if our peer countries like Canada, the UK
and Australia found a way through it, surely we can
do it in a very sensible graduated lots of sudden
leane of time to deal with it. But that is,
you know, people are living four years longer than they've
more in two thousand and five now, so and I
think the other bit was I've seen your conversations around
means testing.
Speaker 10 (50:38):
I think you've got to be quite careful with that
because people.
Speaker 24 (50:41):
Need certainty going forward, and you know, you could see
future governments changing thresholds.
Speaker 2 (50:45):
So in other words, it's still an entitlement.
Speaker 24 (50:47):
You either get it or yeah, I think so, because
otherwise you get rearranging of affairs.
Speaker 2 (50:51):
Can you say it safely this election? Given that New
Zealand First don't want to bar it. But therefore it's
not a bottom line I take it's not a bottom
line for viewers.
Speaker 24 (50:56):
It well, I mean we have to get into a
negotiation on it. We couldn't get it across the line
in the last coalition because we've gone to the.
Speaker 2 (51:03):
Campaign on the safely knowing it's never gotten the light
of not well.
Speaker 24 (51:05):
But I think it's actually kind of important. I mean
the way either we've got to talk about issues out there.
You know, it's like driving the car looking at the
front windscreen and seeing some bumps along the way. We've
got to either deal with that and consciously choose to
deal with it, or it just comes upon us and
then we've got a different set of problem.
Speaker 10 (51:20):
So yeah, I get it. Labor and you zee On
First don't really have political will for it.
Speaker 24 (51:24):
I think they've been quite dishonest in terms of not
facing up to the challenge that we've got, and I
think just chucking it down the road to the kids
and grandkids isn't the right way. So I get it's
not politically popular, but actually we should have a bigger
conversation and a debate about it.
Speaker 2 (51:37):
Okay, gold Visa once again, it's getting a lot of attention. So, yes,
there's money coming in. Last week's story appeared to be
there's a lot of people who've been given the clearance
to be the recipient of the money from these people
who've got the fiable ten million dollars. But you guys
are running champagne evenings and canterpays and all that sort
of stuff, and and you go, here's where you can go,
(51:58):
and you're running out the same programs every time. The
criticism increasingly is, well, what about my program that has
been cleared but isn't getting the sort of headline material
that you're running out. Are you limiting the money to
certain good old fashioned things you'd like to see the
money parked in, and could you be doing a better job.
Speaker 24 (52:13):
I think we're actually becoming victims of our own success,
if I'm honest about it. You know, we've raised almost
four billion dollars in just over twelve months from about
five hundred and eighty individuals.
Speaker 10 (52:22):
It is really powerful that is working very well.
Speaker 24 (52:25):
Like I was down in christ Church, there's this professor
and this PhD student have started a company called Xethos.
They recycling critical minerals and particularly turning things into in
this case zinc. Two investors I think, one from Brazil
the other from the Netherlands came through the program and
actually put money into the startup. So it's really helping
the startup community big time, which means they can either
invest in capital to scale up the business, or find
(52:47):
a new market or do.
Speaker 10 (52:47):
Stuff like that.
Speaker 24 (52:48):
But I think we've got such where we're going to
have to look at maybe broadening out.
Speaker 10 (52:52):
The asset classes because there's actually so much money coming
into some of those sectors of types of assets.
Speaker 24 (52:58):
Like startup investments, and that we probably need to think
about that a bit more as well.
Speaker 2 (53:02):
Okay, did you follow Farrer in the UK over the
weekend at all or not?
Speaker 17 (53:06):
Yeah? Yeah?
Speaker 2 (53:07):
Do you think because we haven't seen it here to
the same extent, do you think that's just a lot
of grumpy people who wanted to send a message in
a by election or a council election. All the world
is changing and that change may well come here.
Speaker 24 (53:20):
Look, I think there are some big shifts. You know,
you've gone through a pandemic.
Speaker 10 (53:23):
That people are pretty frustrated about.
Speaker 24 (53:25):
They're dealing with inflation which they haven't seen for thirty
something years, and they've also got technological disruption coming. And
then you've got the rise of social media as well,
in the sense of Trevor might go down to the
pub and have a winch to his mates at the pub.
But now if Trevor gets on board with his keyboard
and finds ten thousand people that have a similar sort
of view. So there are some fundamental shifts in global politics.
(53:46):
And whether I talk to leaders in other countries, they
are all wrestling with the same grumpy chin of population dynamics.
Speaker 10 (53:52):
I think in both those cases, there's also a very.
Speaker 24 (53:55):
Strong, illegal, unsupported immigration policy and that has been very aggravating,
understandably so to people here in New Zealand. That has
not been our experience. We have actually tightened our settings
in the last two years. We've moved from seventy percent
low skill to seventy percent high skilled. We've gone from
one hundred and thirty thousand net migration to twenty five
(54:16):
thousand net migration. So, you know, I appreciate there are
some that want to play politics with immigration, but it's
just a very different story here, and I think that's
because we've made it linked to infrastructure and economic growth.
Speaker 2 (54:27):
All right, where'd you get your six million from?
Speaker 25 (54:31):
Oh?
Speaker 10 (54:31):
Party donations? Yeah?
Speaker 2 (54:33):
Yeah, Look, I know you're unless you want to tell
you've got your own six men? No, No, I'm sorted,
I get it.
Speaker 10 (54:39):
Yeah, I don't go there. So where do you get
You're such a tall poppy knocker.
Speaker 2 (54:45):
Sorry, like, where'd you get your six medion?
Speaker 10 (54:47):
Look, it's actually really encouraging.
Speaker 24 (54:49):
There's a lot of people out there actually support our
values of our party, and a lot of people are
going to say, oh, it's just wealthy donors as it
was in twenty twenty three. It's actually a lot of
small donations when you look at the numbers.
Speaker 2 (55:00):
Because they're good numbers, competed, well competed.
Speaker 10 (55:02):
He has a lot of support out there for what
we're doing.
Speaker 2 (55:04):
Actually, despite some of the media era at times, Freddy
has changed his mind.
Speaker 10 (55:07):
Has he really wants wants memeister?
Speaker 2 (55:10):
We don't want to be Prime Minister. Dad does he
want to ask it on here or just through me?
All right? But what's your favorite subject at school? Is
his question.
Speaker 24 (55:18):
My favorite subject, Freddie was history because I actually think
and I loved it and I loved it. And my
first book I got onto was at the Cockobay Primary School.
I go down to the library and I read about
this guy called Winston Churchill, and I got the Osborn
Guide to World War II, and I studied all the
missiles on different sides, and I just loved military history
and history in general.
Speaker 10 (55:38):
So that's my favorite.
Speaker 2 (55:39):
Nice to see you. What are you announcing anything exciting
this afternoon.
Speaker 24 (55:42):
You know in this government, we are very very busy
in my and we're announcing something different every single day,
just to take this country forward, to realize it's great potential.
Speaker 17 (55:51):
There we go.
Speaker 2 (55:52):
Nice to see primary likes on thirteen two.
Speaker 1 (55:55):
The Vike Asking Breakfast Full Show podcast on iHeartRadio.
Speaker 3 (56:00):
If by News Talks it be.
Speaker 2 (56:02):
Ten minutes away from morning. Mike can understand the costs
of super and the ratio of workers to retirees. Also
don't have a problem with raising the pension. However, I
believe that these costs will pale beside the epidemics of obesity, diabetes,
heart issues, and renal issues that are well. Having said that,
the GLP debate, I don't know if it's a debate,
but the GLP revolution, I think is probably going to
address a little bit of that. Might to sell the
(56:23):
change in national super nationally, to emphasize the gradual introduction
of the changes, Give people specific information. A sixty three
years old, for example, need to know they won't be affected.
Give specific dates and ages they'll do that. My only
question is, like so many of the questions around an
MMP election, is this policy of yours is at bottom line? Answer? No,
I don't know any party at the moment that actually
(56:45):
has got a bottom line on anything. And therefore, if
it's not a bottom line, you look at. So who
are you lining up with? Will that coalition partner let
you live with it? The answers know so a national's case,
will New Zealand first get it across the line?
Speaker 12 (56:57):
Know?
Speaker 5 (56:58):
So?
Speaker 2 (56:58):
Therefore, how much time do you want to spend talking
about it? Mike, My daughter missed out on fees free
when she started UNI. They bumped it to the last year.
She's now last year next year free which we budgeted for.
But now, of course, and that's the unfortunate thing about
policies that are tinkered with. You're always going to get
winners and you're always sadly going to get losers. Nine
(57:19):
away from eight.
Speaker 1 (57:21):
The mic Hosking breakfast with a Vita Retirement, Communities News
togs had been.
Speaker 2 (57:25):
Flight away from a couple of things I didn't mentioned
earlier on gull and then PD you have got the
go ahead. I figured they would this from the Commerce Commission.
That's going to be a merger of sums in the
North sum in the South. So never the Twain She meet.
I don't think it was ever going to be a problem.
I don't know where the material it makes a difference
to the market. One of the things that ComCom would
have looked at as does it reduce competition? They clearly
concluded no, Zesprie. I'm reading over the weekend as well.
(57:48):
The season underway. Of course, the war has made no
difference thus far to what's going on as far as
their sales are concerned. So the Sun, Gold and Green
is underway at the moment, the sea and the sales
programs have extended to include Australia, Vietnam and Canada for
the first time, so that's encouraging. Ruby Red has now
been completed five million trays this season. Ruby read as
(58:10):
far as I can work out as going Gangbusters. Mike,
well done. Cops moving to Australia. It's just the latest
TVNZ attempt to hit job story. I'm not sure that's true,
but we did somewhere along the line get fixated with
the cops. I mean lots of people, sadly have gone
to Australia in the last half dozen years. It's called
a brain train. The brain drain's now over largely when
(58:30):
you look at the latest immigration stats, it's now over,
Thank goodness. But one hundred and forty four people out
of a staff of ten thousand going to Australia. I
wouldn't have thought is that interesting? And far less as story.
Mike just sald the house thirty percent under GV Council
and Flate evaluation increases the rates. Her house is worth
what someone's willing to pay for it. I'm happy. I'm
moving on to the next stage of our lives. That
was the Tony Alexander. The Tony Alexander advice earlier on
(58:55):
and people just make up and they marched their own beat. Basically, Mike,
did the whole family come in with Freddy? Very good question,
bumblet Friddy in and I think Freddy out of ten
give us a quick score, Freddy out of ten, ten,
it's the greatest experience of your life.
Speaker 14 (59:10):
One.
Speaker 2 (59:10):
Oh, it is ten. I was going to say one.
You would rather have been at home clipping your nails.
So ten out of ten it was. He got to
meet the Prime minister. We've had some photos. We'll stick
them up on the socials, I think, won't we we'll
stick them up on the socials. And if you get
a cold, Freddie, the Prime Minister has got a bit
of a cold at the moment, so he was busy
wandering around. He's brought the bugs in. So if you
end up getting a cold, I'm sorry, it's the Prime
(59:32):
Minister's fault. So Freddy's had a ten out of ten
morning mumbledom and so we seem to have had a
good time. So that's worked out extremely well, hasn't it.
Sport commentary Box Andrew Sabil Jason Pine plenty to cover off,
including the rugby and the football. In the next half
out of the program News this next year at News
Talks in.
Speaker 1 (59:52):
In a noisy world, here yourself think it's the Mic
Hosking Breakfast with Defender Embraced the Impulse News Talks.
Speaker 3 (01:00:00):
He'd be top room Monday. It is no wrong, no
one come as a lot.
Speaker 2 (01:00:10):
The final score Crusader's thirty six close twenty.
Speaker 24 (01:00:14):
It was a torrent encounter, but the Chiefs have won
it by ten thirty one points to twenty one five.
Speaker 9 (01:00:24):
The Highland has a comeout long top and I won
their fifth match of the season by thirty one to
twenty six.
Speaker 15 (01:00:32):
Championship leaders doing relatively easy in North Harmerstadium. Four tries
to Josh Morby and they win fifty points to seventeen.
Caitlyn Williams calls it history made for Worthington Phoenix. They
advanced to an A Leagues Grand Final for the very
(01:00:54):
first time.
Speaker 1 (01:00:56):
The Monday Morning Commentary Box with Spears finance ement.
Speaker 5 (01:01:02):
This is.
Speaker 2 (01:01:07):
It is seven minutes past eight. Glenn's away and Michael's
filling in. So that's the last day for Michael. So
we'll find somebody else here tomorrow. Andrew Savills, well, that's
along with Jason Pine morning to both of you. Good morning, Jason.
The Bank of America did a survey, right Global survey,
and they asked fans, who do you think is going
(01:01:29):
to win the World Cup? So I'm going to ask
you who do you think is going to win the
World Cup?
Speaker 25 (01:01:34):
I think I think France will probably win the World Cup.
Speaker 2 (01:01:38):
Right, That's what the fans said all over the world.
That was the overwhelming response, France would win the World Cup.
Then they put it into AI. Do you know what
AI said?
Speaker 25 (01:01:47):
It probably gave They probably spent out England, Spain, Spain.
Speaker 2 (01:01:52):
Interesting, So what would you then lay one hundred dollars
on your belief of France? Or now, knowing what you
know from AI, would you put one hundred dollars on Spain?
Speaker 9 (01:02:03):
Now I'm doubling down on France. You know, of I
know what AI you know is thinking probably with Spain.
But no, no, I don't know where the AI takes
in the emotional side of a World Cup and and
and those sorts of things.
Speaker 25 (01:02:19):
I'd stay with France, I think.
Speaker 2 (01:02:20):
Mike, Okay, fair enough, you have you begun to engage
yourself on this year.
Speaker 12 (01:02:24):
Andrew did a I confirm Mike that forty four ninety
five on TV and Z for the whole World Cup
is cheap?
Speaker 5 (01:02:33):
Have you do?
Speaker 2 (01:02:33):
You go into a small room at the back of
the building where they rack you up, say go get them,
go get them, say get this and get the numbers
out forty four ninety five get the nickname?
Speaker 25 (01:02:42):
Is that what it is?
Speaker 17 (01:02:44):
They beat? They beat?
Speaker 5 (01:02:44):
It?
Speaker 12 (01:02:45):
Them to me, Mike, Hey, you know the Hey? Sorry, yes,
I just on the football. I went to the Aukland
lift C. We'll get to the Phoenix Woman in the moment.
But I went to the Auckland f C men's game
HM on Saturday. Great, great time. The atmosphere was a
bit of crowd. That was a bit of crowd in
the previous week. Look like it was ra pretty much
(01:03:05):
rained the whole I think that was forecast would have
put it would have put some people off. Better crowd
than the previous week. Still not the crowds that I
would have expected compared to last year, given it was
a it was a semi final and probably probably going
to be the last home game of the year. And
I saw a very familiar face working the crowd pre kickoff.
(01:03:28):
Who was that shake shaking hands having selfies? Working extremely hard,
Mite for every single member of his audience.
Speaker 2 (01:03:38):
Really was that old that that old j C on
the sideline again?
Speaker 17 (01:03:41):
Was it?
Speaker 5 (01:03:42):
It was?
Speaker 14 (01:03:43):
Mate?
Speaker 25 (01:03:44):
I was just I was just it was like walking
across the field.
Speaker 2 (01:03:48):
What are they doing? The piney piney?
Speaker 11 (01:03:53):
Yeah?
Speaker 25 (01:03:53):
Well, I no, I was just making them aware of
of the ten past eight slot on Monday mornings. Just
making sure that they were all well aware.
Speaker 12 (01:04:03):
So that's the difference between That's between the difference between
us two Mike and you. We're out earning every single
member of our audience. You're at home pondering your bloody
pond or behind your gated community or whatever you do
on weekend.
Speaker 2 (01:04:17):
What would your assessment be save from I assume you're
in a box behind double glazing.
Speaker 12 (01:04:22):
But no, no, no, no, I wasn't no, no, no.
Speaker 16 (01:04:24):
Is that that of the elements?
Speaker 2 (01:04:26):
Did you have your shirt off like the rest of them?
The phoenix?
Speaker 14 (01:04:31):
That's the phoenix.
Speaker 12 (01:04:33):
The thing that the thing that impressed me is the
pace of the game, the amount of work off the ball,
which you don't see on TV, the physicality of the game.
I thought it was It was a great It was
a great watch. Kids enjoyed it, which was great.
Speaker 2 (01:04:45):
What was interesting about this conversation is you raised it
last week and it came to our attention and old
Nick at the Auckland. Well, I couldn't understand you know,
this pony more than I would. But this business of
they don't have a mechanism to sell tickets at a
price that people are keen to pay when they've already
worked out they're not going to sell out and when
you turn up on the day. He was saying, they're
selling tickets between sixteen eighty bucks and there was no choice.
(01:05:09):
I would have thought that sort of mechanism, the algorithm
and stuff was done years ago.
Speaker 9 (01:05:14):
Surely, surely, Mike, you're right. It's like when a plane
takes off and a seat's empty. You can't make any
revenue on that seat, So why wouldn't you just take
what you can apl run the finals. As we know,
they set the ticketing and that sort of thing. But yeah, look,
I actually thought it was given the conditions. A pretty
good turnout on Saturday. Exciting game. It was kind of
(01:05:35):
a weird one because at the end of it there
was no conclusion at one war and we go to
you know, compared to the previous week with the high
drama and a motion of the penalty shootout. We're only
halfway there, so it was kind of a weird one afterwards.
I don't know that anyone really knew what to think
about it. But what we do on ours is basically
an elimination final, an Adelaide Friday Night of Auckland win
(01:05:57):
that they go to a grand final.
Speaker 25 (01:05:58):
If they don't, they start thinking about next season.
Speaker 2 (01:06:00):
Okay, hold on, we'll come back and talk about your women.
In moments have Andrew Cevel, Jason Pine, thirteen Past.
Speaker 1 (01:06:06):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio, car
it By News.
Speaker 2 (01:06:11):
Talks, AP News Talks at b quarter past eight, the
Monday Morning Commentary Barks with Spears, fight Ads, smart Ass
and equipment Fight adds for Kiwi businesses. Andrew Sevil Jason
Pine were a sad the women six thousand they tell
me were there. I saw a little bit at the end.
Can I be really sort of semi blunt. I wasn't
impressed with the quality of football. I mean, you know, yes,
(01:06:31):
they've made the final. Good on them. I hope they
go on and win the final. But I looked at
a bit of it yesterday and I thought this is
not great football? Am I being unfair?
Speaker 12 (01:06:40):
Well, Jason can on a comment more on this Mike
than I. But I thought that gold I think was
the first goal, that was a superb pass. In finish,
it was a good atmosphere and a good call not
to stick it in Wellington Stadium and have it three
quarters empty in cavernous, but to actually have it at
a suburban ground.
Speaker 9 (01:06:57):
Jason, Yeah on that it absolutely, Yeah, was the right
decision And yeah, I was there yesterday. The atmosphere was unreal,
you know, six thousand Actually that's that's more than the
men got most most games this season, which I think
tells the tale of their season. As far as the
quality of the football is concerned. Yeah, look, I think
if you're comparing it to what you see in European
(01:07:17):
leagues you will be disappointed. I think there's no shortage
of vigor and enthusiasm and I think what Beef Priestsman
has done is really galvanized this team. It's a significant
moment guys. You know, I mean no New Zealand team,
Wellington or Auckland have ever made a Grand Final.
Speaker 25 (01:07:32):
I Knowwalkland have only been around for a couple of years.
Speaker 9 (01:07:34):
But it's you know, it's the emotion among the fan
base yesterday who have been watching this team play for
a while and the players was.
Speaker 2 (01:07:42):
Real good enough? Were they good enough to win?
Speaker 20 (01:07:45):
Yeah?
Speaker 25 (01:07:45):
Absolutely? Yeah.
Speaker 9 (01:07:46):
Look it's a it's a it's a one of game
against Melbourne City, who will be favorites. They're a good team,
but look in in a Grand final, there's any number
of precedents of an underdog, you know, winning a game,
so look they'll go with confidence. Saturday six fifteen, the decided.
Speaker 2 (01:08:02):
It's interesting, Sam, we're talking about crowds. I mean it
was because we had Mansbridge on Friday and he reckons
they're sold out for the rest of the year. And
that's not about Super rugby because we know about the
crowds and Super Rugby. That's just about building the stadium
and being a cool place to go on a Friday
night or a Saturday night, isn't it. I mean, if
you're selling it.
Speaker 12 (01:08:18):
I think the Crusaders are in the running for the
playoffs obviously, right the sick of it. They're playing well.
They played really well against the Blues, so that's that's
part of it. Yes, it's the novelty of the new stadium.
And that's the challenge. I think we discussed it last week.
That's the challenge that the Crusaders and Christy's face in
the coming years is to keep the people coming back
wanting to come back. Maybe the result of the football
(01:08:41):
is irrelevant or doesn't mean a heck of a lot.
It's more the experience at the venue, which a lot
of people and a lot of sports Mike ald try
and working hard to try and work out how to
make sure fans come along and then want to come back.
Speaker 2 (01:08:54):
Is the Hurricanes Jason beating Mowana? I mean, is they?
I mean the Maana Pacific thing is such a sad
story now, isn't it. I Mean, not only do they
lose their sort of going out of existence, and they
might get resurrected, and then again they might not. And
the whole thing, the whole thing has become fascical, hasn't it.
Speaker 25 (01:09:11):
Yeah, I don't think you can take a lot from it.
Speaker 9 (01:09:13):
If you're the Hurricanes or anybody playing Mowana, you go
to the game, you get your five points, and you
get out of there. Look, I don't think the Hurricanes
will take a lot from the game. They gave a
couple of guys some opportunities. Good to see Kenny thea
Holo back after a long time out, a couple of
tries for him, Josh Morby with four. But now the
big games that have come, the Hurricanes have got a
(01:09:33):
couple of derbies to finish, I think, I mean the
back end of the season's fascinating with you know, Crusaders, Blues, Chiefs,
Hurricanes all at some stage you know, playing against one
or more of the others, so you know.
Speaker 25 (01:09:45):
But the worrying part though, Mike, is the top four
are going to be in New Zealand teams.
Speaker 2 (01:09:48):
Yes, that's all, But that's always been the problem apart
from the the old flourish occasionally when an Australian side
pops up.
Speaker 10 (01:09:55):
That's the sad truth about Super Rugby.
Speaker 12 (01:09:57):
Isn't And the other challenges are we battered would have
there's all derbies to finish with that we bet they
would have battered themselves in the submission by the time
the playoffs roll around, and then of course the time
the All Blacks roll around, some of them will be
dinged up. But that's fully, that's that's fully Sam well seen,
can I just say, look when one thing that did
hack me off with the football? Can you just arrive
(01:10:20):
on time for a game?
Speaker 2 (01:10:21):
What is it with people?
Speaker 26 (01:10:22):
I don't get it, olock, I don't get how out
of a hat I was in my seat an hour
before kickoff. I like to get in the position if.
Speaker 2 (01:10:34):
Someone bump your hot dog or something save and you
get a bit of source on your lap. What happened then?
Speaker 12 (01:10:38):
But then it's called to past six again? Has been
going five or ten minutes and you have to stand
up or you know a person.
Speaker 2 (01:10:44):
I couldn't agreement. They're always large person came past you
bumped your hot dog?
Speaker 12 (01:10:48):
Can't you having no no having to having to try
and shift sideways in the seat and then stand up.
Speaker 2 (01:10:53):
So you're saying you're a bit large and shifting sideways
as difficult for yourself, old man.
Speaker 12 (01:10:58):
Then the old man has to explain to the whole
family every move IFC made and da da da da dad,
But just arrive on time?
Speaker 5 (01:11:06):
What is it?
Speaker 17 (01:11:07):
See?
Speaker 2 (01:11:07):
This is this is not just football, it's movies. It's
the whole thing. What I don't get is this They
arrive late and then if the result isn't going well,
they leave early as well. So in other words, you
spent all this money that you're bitched about anyway because
it's too expensive to go, so you missed half of it,
and then you miss the other half because you're going
home early. You don't want to get caught in the
car park.
Speaker 12 (01:11:25):
You pay for the ticket, right, and you probably pay
for parking to make the most of it.
Speaker 10 (01:11:30):
Yeah, I got this.
Speaker 25 (01:11:31):
I got this so early.
Speaker 12 (01:11:32):
I almost get lot, like almost, I was almost let
on to the infatible slide down the grass bank.
Speaker 9 (01:11:38):
Also, if you if you turn up late, you also
missed the Jason Pine promotional too.
Speaker 10 (01:11:42):
Yeah, that's the game.
Speaker 25 (01:11:46):
And kissing babies before kick off. You don't want to
miss out on.
Speaker 14 (01:11:48):
That, do you do?
Speaker 2 (01:11:49):
You pull as big a crowd in Wellington as you
do in Auckland, Jason.
Speaker 25 (01:11:54):
You mean pre game?
Speaker 17 (01:11:55):
Yeah?
Speaker 2 (01:11:56):
Pre game? If you if they say Pineyer's in the house,
do they react differently in Auckland than they doing well
into it?
Speaker 25 (01:12:01):
Oh, you're very big at the four as you know.
Speaker 9 (01:12:03):
Yes, I mean it's likely the two of you go
to christ Yet you know they have to sit up
extra security to allow the crowds hate you go said by.
Speaker 12 (01:12:13):
The wayside to behold, Mike, it was he was he
he had the had the gallop on across the field.
The jacket, you know, the broadcasting jacket, was flapping in
the breeze.
Speaker 2 (01:12:22):
And is that is that a working Is that a
working style? Free beef for Sky that they slip you
one of those fifty two X.
Speaker 10 (01:12:28):
Or whatever it is.
Speaker 25 (01:12:29):
That's absolutely what it is.
Speaker 2 (01:12:30):
Yes, I feel it was it had it had that
look about it. You wear it well, by the way.
We were watching you last week and I did. I
said to my wife, I said, wife, that that man,
that is a well dressed man with his little T shirt,
And it's were you were were last night, sab on
the new one. You set your facing front onto the camera.
Speaker 12 (01:12:48):
Wow, yeah pretty much? Yeah, yeah, Yeah, everything's changed And
I was little disorientate.
Speaker 2 (01:12:54):
Yeah, you looked a bit. You looked a bit worldered.
You look like you might have come from World Cup
meeting and you were about to burst out forty four
ninety five.
Speaker 12 (01:13:07):
Yeah that there was some suggestion that we were a
sandwich board on here last night with forty four ninety fivorite.
Speaker 17 (01:13:13):
Yeah.
Speaker 2 (01:13:13):
I wouldn't be heavy. I wouldn't.
Speaker 12 (01:13:15):
It's almost like not eighty six, not eighty six forty seven.
Speaker 2 (01:13:18):
No, exactly, almost like people are taking the purse out
of your sab. It's not acceptable, is it anyway? Nice
to see Andrew Saville and Jason Pine A twenty.
Speaker 3 (01:13:26):
Three The Mike Hosking Breakfast with Defender News Togs tad be.
Speaker 2 (01:13:31):
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to mention to Sad but I don't know whether he
went to Split Inans. He seems to go to every
other concerts on in town. At the moment Split Ends
were running, A said they Sunday. I'm told they were
sold out with certainly about ten thousand people there and
(01:14:34):
it was great. Not so if you went, I hope
you enjoyed it. Why did they get back together? What
brought that about? Just wanted to just all of a sudden,
they're back together and they're on the road again. Anyway
Australia a big, big night in Farah with the by election,
and of course we've got the budget tomorrow, generational changes
coming also, they say Steve Price.
Speaker 3 (01:14:54):
Is next credible, compelling, the breakfast show you can't miss.
Speaker 1 (01:14:59):
It's the mic asking Breakfast with Bailey's real Estate one
hundred percent key we owned and operated news TOG.
Speaker 2 (01:15:05):
Sad B fiftieth anniversary of the first album was the
answer to my question, why were they back together all
of a Sudden, the fiftieth anniversary of their first album
for Splitting in Skin, You believe it, Mike with the
loss this weekend Sint George, or officially after the worst
start ever in the NRL era, conceding three hundred and
nine points from of their first nine games, including one
hundred and six in their last two, cannot see their
(01:15:25):
fortunes improving as they play the Panthers next week the
Warriors the following week. So we've got the Broncos this
weekend as part of that magic round thing. I think
it's counted as a home game ironically, so we'll do
them like a dinner. And then of course we've got
Saint George. So that's that's another four points in the bank,
isn't it? So the why Mike sees it twenty three
minutes away from.
Speaker 18 (01:15:41):
Nine International correspondence with Ends and Eye Insurance Peace of
mind for New Zealand.
Speaker 3 (01:15:47):
Business Steve Price as.
Speaker 2 (01:15:48):
Well this morning, mate, Hello there, I learned something that
you won't be remotely interested in, neither will anyone else,
but I will say it anyway. I was watching I
happen to watch West Coast play Melbourne yesterday in the
AA and I thought, that's a really weird looking MCG.
What are they doing? And it turns out there at
Marble Stadium, of course, and I thought, why is Melbourne
at Marble Stadium given that their home is the MCG.
(01:16:09):
And apparently there was another game and they get shifted?
Is that common?
Speaker 14 (01:16:13):
Every team that's home ground is normally the MCG, including
the one that I went to yesterday with my side.
Richmond has to play a number of games at Marble Stadium.
Was part of the deal when they built the thing
with the roof down the end of town that no
one likes because.
Speaker 2 (01:16:30):
It's I mean, as I suppose it's an all right stadium,
but it's no MCG isn't. And having said that there
wasn't much of a crowd, I reckon that what's marble
hold sixty?
Speaker 14 (01:16:39):
Marble holds a maximum of about forty five Jesus.
Speaker 2 (01:16:43):
Halfay, so you would have had twenty peo. How come
there's only twenty thousand people going to an AFL games
because West Coast useless?
Speaker 14 (01:16:49):
Two words Mother's day?
Speaker 2 (01:16:51):
Oh say no more? What doesn'tmum want to go to
the footy?
Speaker 8 (01:16:54):
No?
Speaker 14 (01:16:55):
I went yesterday on my own.
Speaker 2 (01:16:58):
Jeez. Two Well, anyway, all right, did Richmond win?
Speaker 5 (01:17:04):
No?
Speaker 14 (01:17:04):
So I left at half time. It was sadday.
Speaker 2 (01:17:07):
So what happened Saturday night was it as bad as
they thought it would be.
Speaker 14 (01:17:14):
It was worse for the Liberal Party than the worst nightmare.
And they are just in all sorts. Let's deal with
the numbers and then I'll quickly do the optics. So
the Liberal Party when this seat went to the federal
election in twenty twenty two, so that's not that long ago,
the primary vote of Susan Lee was forty three point
four percent. On Saturday night, the Libs pulled a primary
(01:17:36):
vote twelve one. Nation's primary vote was forty two percent
and the swing against the coalition was thirty one percent.
That seat has been held by a Liberal or a
National for seventy seven years. They're the numbers now, the optics.
The party that won Nation through through at the Crooked
(01:17:58):
Arm Hotel on Saturday night went off like you would
not believe, and across the road the Liberals could only
manage a crowd of about fifty people. They're in all
sorts of trouble. I mean Hanson's victory speech, if you
can look it up, she said you are no this
is two Australians because it was a telecast slide right
around the country. You are no longer the forgotten people.
(01:18:21):
We are coming for you. We want our country back.
And the place was rocking. She came into the room
to the sounds of John Farnham Dull the voice, and
they all went crazy. She's now got her eyes on
Western Sydney. The next test will be the Victorian state
election in November. They won't do as well in Victoria
(01:18:42):
as they will in Queensland, New South Wales, South Australia
and the other states of the country because Victoria is
still more slightly to the left than anyone else. But
she's now claiming that migrants are voting in big numbers
for her. There's a town in that seat called Griffith.
It is to be well known for growing a lot
of marijuana, but it's an Italian settlement. The Italians when
(01:19:05):
they came out of here up the Second More War,
a lot of them went to Griffith. Well, that was unbelievable.
Five four out of five polling boots in Griffith recorded
a swing of more than thirty percent to the One
Nation candidate. Far so the Libs are in big.
Speaker 2 (01:19:21):
Trouble a coalition or not, do you think.
Speaker 14 (01:19:24):
Well, some are suggesting they're going to have to talk
about it, but including in the Shadow Treasure of Tim Wilson,
who said it's something we normally would be with the Nationals,
but we're going to have to have a look at this.
The more moderate and he's fairly moderate, but the real
moderate Liberals are going, no way are we getting involved
with one nation when she's not going to join up
with them. I think the reality is going to hit
(01:19:45):
them straight across the face at some point soon and
they're going to have to start doing deals. Because if
look Pauline Hanson, if she goes to the Lower House
and winter seed at the federal election, you've already got
David Farley there, You've got Barnaby Joyce there. And I
said this to you week you're in a position where
you're going to have three independents with perhaps a balance
of power.
Speaker 25 (01:20:04):
See.
Speaker 2 (01:20:04):
The interesting thing is that the Albanize must be laughing
because if you look at what happened in Britain over
the weekend. I know it was only a council election,
but the Reform Party got votes both off Labor and
the Tories, so they have sort of seen whereas whereas
one nation is different, they go conservative. So it's the
conservatives of the problem. I mean, Elbow's sailing free, isn't he?
Speaker 14 (01:20:27):
Well a little bit of that. But if you dig
down into the weeds of this vote on the weekend,
there are a lot of labor voters in that electric
when you look at the big centers like Albury, so
there would be some skin off labor in this as well.
And Hanson's now pledged to go hard on labor seats
in western Sydney. She says she's got the migrant vote
(01:20:47):
now wrapped up.
Speaker 17 (01:20:48):
Now.
Speaker 14 (01:20:48):
Whether that's right or not, and whether that was just
in the mood of someday after winning so well, who knows.
But there is some evidence that these votes are coming
off labor and the coalition.
Speaker 2 (01:21:00):
Right, So tomorrow's your big day? Am I career? I
know what I'm reading there suggesting tomorrow's the big day.
They're quote unquote betting the House the ultimate political gamble.
Is it going to be that big a deal or not?
Speaker 14 (01:21:13):
Probably not. I mean they will break a very strong
election promise that they went to the twenty twenty two
election with and that was we will not in twenty
twenty five election. Indeed, we will not touch capital gains
and we will not touch negative gear. And they're going
to touch both. Now how hard will they go. Well,
most of the leaks suggest that pretty much everything will
(01:21:36):
be grandfathered. So you're going to lose out if you
want a negatively gear an existing house. So if you
buy a house and negatively gear it like many people
do now, you won't be able to do that. You'll
only be able to do that on new properties. And
so the grandfathering of the capital gains tax discounts that'll
probably apply to all new sales, not existing properties that
(01:21:58):
people have sold all red are about to selll So
it's not going to be quite as bad as everyone suggests.
But the baby boomers me you included, we're going to
copy at big time. There's no doubt about that. There'll
be nothing in this budget for anyone over the age
of fifty. And what DABOR is going to do is
they're going to align themselves very firmly with the Generation
(01:22:20):
X millennials and that's where this budget will take us.
One interesting aspect might quickly as the Finance Ministericator Gallagher
said today. I said yesterday in an interview it'll be
unsustainable for the government to continue in definitely spending and
supercharging spending on renewable energy projects. So they've finally woken
up that the money they've spent, which has been extraordinary,
(01:22:42):
is just too much, and they're going to curtail attacks
breaks for electric vehicles, and they're also not going to
be spending the sort of billions of dollars that they
have been on wind towels and solar panels.
Speaker 2 (01:22:55):
All right, mate, well, I look forward to you read
on Wednesday when you're met with a steep price out
of Australia. Read also over the weekend, states warned on
spending binges. They're all allocated record tax takes. This is
not just the federal government, but every single state in
Australia is receiving a record tax take. They've never brought
in more money than they have at the moment, and
(01:23:17):
yet they are more than spending it. And that's why
they're all in debt. The most extraordinary thing, but as
well worth reading if you can be bothered looking at
up eight forty five.
Speaker 1 (01:23:25):
The Like Asking Breakfast Full Show podcast on iHeartRadio powered
by news talks at be a.
Speaker 2 (01:23:31):
Couple of other things out of Australia before If forget
Anika Wells, who you may remember, Communications Minister, she got
herself in a pile of trouble because they've got this
weird thing where they get family travel or what they
call officially family reunion travel. And she sort of did
a whole lot of travel, one of which her most
famous trip was the one hundred ninety thousand dollar trip
to New York and a lot of people question that.
(01:23:54):
But anyway, on Friday, she was told to repay ten
thousand dollars because she picked her husband up and I
think she might have picked up one of her kids
on the way. Anyway, they went to the grand final
of the football the AFL, and so she's got told
to give ten thousand dollars back. But it's rife right
around Australia because I'm reading also over the weekend that
a doctor charged taxpayers. These are the sort of these
(01:24:15):
what you would call locums here. But they did a
big report in New South Wales the Order to General
and the Order to General's report found significant and persistent
weaknesses in the processes for eight thousand visiting medical offices.
So one doctor charged them three and a half million dollars,
which is the equivalent of five full time jobs in
(01:24:36):
a single year. So just three and a half million
dollars please, And of course they paid it. One doctor
charge two hundred and fifty hours, which is actually impossible
given it would be the equivalent of working twenty five
point three hours a day. And overall, New South Wales
spent one point three two billion dollars on that nonsense
until they had a look at it and worked out
they're being ripped off. So then we come to Wales,
(01:24:56):
which was sort of the forgotten story Scotland, so you'll
know what happened with one with reform over in Britain
over the weekend. So in Scotland's Swinge's back to talking
about independence again. He wants another vote on independence to
sort of. This time he's saying, you can't let reform
take over the country, so let's have a vote on
independence become independent, remembering, of course a number of years
(01:25:18):
ago they had one they lost, so you would have
thought that was the beginning of the middle and the
end of it. So he's busy arguing that. Meantime in Wales,
they've never not been run by labor ever until now.
And so the Labor Party got absolutely decimated and playcomery.
They won forty three of the ninety six seats, so
(01:25:38):
that's six short of a majority. They're going for a
minority government, which will be interesting to see how that goes.
My summation, we're talking a rot about it tomorrow. My
summation was the Greens didn't appear to do as well
as they thought they were going to. Certainly their hot
spots are inn London. They picked up a few, but
nothing like I thought that they were thinking they were
going to do. So Reform did what was expected, plus
(01:26:01):
some Labor got annihilated. And this is a really interesting
thing for me, as for all the attention that's on Starmer,
who may well be rolled overnight, will be interesting to
see if he's still in a job tomorrow morning. But
for all the attention that Labor got, the Tories got
whacked as well. They just didn't get whacked as badly.
And the reason they didn't get whacked as badly is
they didn't have as much to get whacked with because
(01:26:23):
of course they've been going backwards for a number of
years now and so they got whacked again. So Nigel's
whacking the Tories and he's whacking labor and he seems
to be on a roll. But anyway, more from Rod
tomorrow morning, nine minutes away from nine.
Speaker 3 (01:26:37):
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Speaker 2 (01:26:41):
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co dot Nz. Aask get Mike one Nation, New Zealand
First and Farage Party reflect a failure of center right conservatism.
People seem to be sick of budget blowouts, immigration and
(01:27:45):
postmodernist wokeism. I wonder if National has a problem with
this particular sentiment. He had no luxon answered that the
real thing that drives that is immigration, of course, and
we don't have the immigration issues they have in places
like Australia, of course, and more particularly in Britain. Five
minutes away from nine trending Now.
Speaker 3 (01:28:03):
You're one stuff for Mother's Day fragrances.
Speaker 2 (01:28:05):
And listen to one that the best as best has
been going on, Well we've been on here. Four awards
mostly before one show Ba's Limited Drama, A couple of
awards for the supporting cast and Stephen Graham one Best
Leading Act the first time, winning an eight attempts.
Speaker 27 (01:28:17):
For any other young kid, no matter where you're from,
anything is possible, and we're all people that have done that.
Do you know what I mean? We get to do
what we love, which is different. We're not digging holes,
we're not digging ditches, and we're not saving lives. But
we have the opportunity to tell a human condition and
we have no obligation to tell beautiful stories. My wife,
(01:28:40):
my beautiful wife, my kids, Grayson, Alfin me Da or
my families are up there.
Speaker 2 (01:28:44):
Just gives a shout.
Speaker 3 (01:28:46):
Da, We've gone to Mini Boss.
Speaker 27 (01:28:49):
Thank you very much, good night, God bless and the
kids already said it.
Speaker 2 (01:28:52):
But in the ways of the Beatles, alls.
Speaker 18 (01:28:54):
We need is love.
Speaker 2 (01:28:56):
Best reality show Celebrity Traitors, Eastein has Got the best
soap International show was the studio that was one of
the seth Rogan. I tried to watch it, couldn't get
through it. Our best current affairs documentary was the one
about the doctors under attack in Gaza. When a speech
had to pop at the BBC. The BBC paid for it,
but then they had to look at it and they
went well that's a bit biased. Was that the one
that was narrated by the the anyway got stuck on
(01:29:21):
TV channel four eventually. By the way, if you didn't
see it over the weekend, King Charles's video acknowledgment of
David Attenborough the concert was quite nice, but the video
that King Charles made and the passing on of the
card is just beautiful, well worth watching if you didn't
over the weekend. Back tomorrow morning from six as always, Happy.
Speaker 25 (01:29:43):
Days, Bello.
Speaker 1 (01:29:46):
Ellsly for more from the Mike Asking Breakfast. Listen live
to news talks it'd be from six am weekdays, or
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