Full Show Podcast: 12 June 2024

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
You're Trusted Home for News, for Entertainments, Opinion and Mike
Mike Hosking Breakfast with Jaguar, The Art of Performance News,
togs Head, Been.

Speaker 2 (00:10):
Bonnie and Welcome Today. Farmers rejoiced the common sense tractors
rolled into town, Eggs not joining the etes. Our military
is being sent to Korea, though as the area hots up,
We've got field days ago, com Coms had a look
at the old petrol prices. Jinny and Mark do the
Politics after eight o'clock and Richard Darley Steve Price Player, Well,
wait the listen. It is seven past rock Sky Now.

(00:32):
Of all the change that's unfolding in the country as
the new government tries to dig us out of the
hole left by the last lot, the bit that has
surprised me more than most is there's fast track law.
In the opposition to it, there were protests over the weekend. Protests.
I mean, it's it's one thing to bring talkback or
maybe even put a submission into a select committee or
writer report that condemns it. But a protest, a whole protest,
I get, I mean, I get what they're not happy with.

(00:53):
They can't hold stuff up the way they used to
are the forest and birds. The single issue crazies who
have no lack of desire to hire lawlawyers and jurymanner
the system to bend it to their way. The fact
their way is counterproductive to the way most of us
want seems to be of no interest to them. The
evidence as to how we got here is littered all
over the country. The things we haven't done, the broken

(01:13):
bits the road to the bridges, the projects that take
years longer than they need to, the reality of simply
getting to the start line taking years longer than we
need to. It's all down to the regulation that was
the Resource Management Act and the dangerous bits that give
people who don't want things done not to say. I mean,
having a say isn't the issue. It's the power, it's
the legal redress. It's the ability to exhaust every angle

(01:35):
to stop things being done that's been the danger. The
fact this country infrastructurally and therefore economically is broken and
hobbled is why we are here. It is time to
get stuff under way. It's time to tip the balance,
it's time to get on with it. There are still
safeguards in place, these expert groups advising ministers, but what
can't be in dispute. Is the parlor state we're in,

(01:55):
And yet despite that, a few hard liners want more.
Where that came from. Stagnation is their care card, which
is selfish, it's my opic, it's a waste of your weekend.
I'm on the side of those who want to get
on with it. And guess what that side is. It's
the majority. And in a democracy, the majority wins.

Speaker 3 (02:14):
News of the world in ninety seconds.

Speaker 2 (02:17):
Now from not really surprised, file Hunter's guilty, so there
is there an appeal? Is he going to jail?

Speaker 4 (02:21):
It ranges all the way from probation with some conditions
of probation such as drug treatment, to prison Time's not
usual to give prison time to a first offenders.

Speaker 2 (02:34):
I did look a bit open and shut back.

Speaker 5 (02:36):
Pasters brought him devastating details of his drug use, so
the addiction, his inability to clean, how he was using
crack cocaine almost every twenty minutes.

Speaker 2 (02:48):
Yeah to the UK rice where we've got new polling
for you shortly, but on the trail, Russie's now offering
tax cuts, which is better than what labor are offering.

Speaker 6 (02:56):
Now.

Speaker 7 (02:56):
I know Labour have been taking inspiration from one of
Brad Pitt's most famous films. The first rule of labor
tax rises is that you don't talk about tax rises labor.

Speaker 2 (03:06):
I'm beck with warnings though.

Speaker 8 (03:08):
We know where these sorts of unfunded promises from Conservative
Party prime ministers lead, leaving you and your family worse off.
The money is not there and it will mean four
eight hundred pounds on your mortgage.

Speaker 2 (03:23):
Meantime, Nigel of Reform has had some concrete throwner them.

Speaker 9 (03:27):
It is actually an affront to the very idea of
democratic debate. Look, you know I'm not a softie. You
know you can say what you bullomin like to me.
Do you start chucking cement at me or stuck chucking
stones at me? It's very, very different.

Speaker 2 (03:39):
And the end of the year erise where it's not
all about the football but the yobs in the potential
trouble they bring.

Speaker 6 (03:44):
English supporters have a reputation for getting drunk, being noisy,
traveling in huge numbers, traveling without tickets, and at times
singing obnoxious songs. But the days in which they used
to come and tear up towns and attack people.

Speaker 2 (03:59):
Along therest of noxious songs. Finally, more proof the ultra
process plant based foods are not good for you. So
we have a study this morning from Aston Medical School
in Birmingham that's found that eating plant based foods raised
bad cholesterol. Also high pertension can lead to heart disease
and increase of five percent and an increase in the
odds of an early death by thirteen percent. Still studying

(04:19):
the meatless meat options, though for just how much much
risk is associated with those particular products use the world
in ninety seconds. By the way, speaking of Rischie, the
unemployment rate's gone up. Good for the Bank of England,
not good for Rishie, gone from four point three to
four point four. Wages are still booming and that is
a major problem for the Bank of England. Wage growth
excluding bonus is held at six percent, and very good

(04:41):
news from Baltimore. And you know I've been all over this.
I mean, we all got fascinated for about three and
a half minutes when the ship ran into the bridge
and the bridge fell over, but we then forgot about
the story. The Francis Key Bridge has still falling over
and the day is still a mess. But nevertheless, the
shipping channel in Baltimore as of this morning is back
open twelve past.

Speaker 3 (04:57):
Six, the Make Costing breakf very good news is.

Speaker 2 (05:01):
Celebrating in Norway Rare Earth Norway, which is a company
they found and confirmed Europe's largest proven deposit of rare
earth elements. Now why is that important? Because of rare
earths are needed and things like you know that the
whole renewable business and evs and stuff like that. But
it's one of the few deposits not owned or controlled
by China, and up until this point, China has been
a problem in that department. So it's good. Fifteen past

(05:22):
six from my wife Andrew Keller. He very good morning
for you.

Speaker 10 (05:28):
Yeah, very good morning.

Speaker 2 (05:29):
Mike can write trochometer light and heavy. What are we seeing?

Speaker 11 (05:34):
Yeah, financial markets around the world, Mike, we're all in
wait and ce mode for this FED to come to
the party tomorrow morning. Certainly more potential for volatility without
CPI being released on the same day. In the meantime, Yeah,
we're going to check the car and truck count here.

Speaker 10 (05:48):
Maybe is KNOWLM.

Speaker 11 (05:49):
So what's happening on the roads? What conclusions can we.

Speaker 12 (05:52):
Make from that?

Speaker 11 (05:52):
Well, the light traffic index, it fell zero point four
per cent month on month, So just to recap this
light traffic, and that gives you a feel for the
state of demand in the economy, not production. And the
logic here is that, you know, variation or changes in
the light traffic number reflects you know, discretionary spending, are
you prepared to go on a trip? And the movement

(06:14):
of careers.

Speaker 3 (06:15):
That sort of thing.

Speaker 11 (06:15):
Look, the trend is flat but downwards in per capita terms,
which means it looks and feels a little bit like GDP,
doesn't it? Heavy traffic better read on production? GDP negative
for the month that fell two point three percent, which
is quite a chunky fall.

Speaker 13 (06:31):
Look at it.

Speaker 11 (06:32):
We might have got a positive signal out of the
heavy traffic index for Q one for the first quarter,
not on a per capita basis, of course. But if
I sort of take a wee step back and I
look at the long term trends here, you've got this
obvious pandemic disruption. But the pattern we're seeing now, Mike,
looks awfully increasingly like what we saw in the GFC,
which is a sobering thwart.

Speaker 3 (06:53):
Isn't it.

Speaker 2 (06:54):
Yes, that's the truth. And then we come to Tower,
who had, thank good Lord, some good news.

Speaker 11 (06:58):
Yes, so one winner the internets at the moment where
there is there may be others, but there are few
and far between. As insurance company, Towers delivered another positive
profit guidance, which comes amid a sort of a slew
of negative guidance warnings that we're getting from other internex companies.
And we're seeing this continued and under performance of the
intersects compared to other indexes. And I monitor these numbers

(07:21):
and at the end of every week. You know, so
far this year, the Internets fifty is up just over
one percent, but I look at the S and P
five hundred it's up to thirteen percent. The Aussies there
up five point three percent, the NASDAK fourteen and a half.
So very disappointing results from the local market so far
this year. But back to Tower now, Mike, when you've
been this game a long time, one of the trends

(07:42):
you bous is what I call the law of recurring warnings.
And by that I mean if a company gives the
earnings downgrade, you tend to brace yourself for the next one.
And once you get a couple, there's all sorts of
warning does ing. But it works the other way too, Mike,
and I do feel like we've talked about Tower before,
because well we have. We talked about it in April,
and we talked about it in May, and now we

(08:04):
have the trifector of another positive earnings guidance announcement. So
there's nothing downbeat about Tower at the moment. So net
profit after tax and now saying is going to be
another five million dollars higher. They're referring to a positive
trading environment and most importantly benign weather because the threshold
for large events has not been met. The weather's been
pretty good. But the thing think about this, might it

(08:26):
could get even better for them this financial We just
they've got this forty five million dollar what they call
it large events allowance sitting there on the side. Now
there haven't been any of those large events, and if
they don't have any large events so it doesn't get used.
They had that back into net profits, so it would
boost net profit by the forty five million, less tax
another thirty two million, So could get even better for them.

(08:49):
You never know.

Speaker 2 (08:50):
Across the Tasman for me because things are looking in
Chris I's reading something about the fashion industry and that
part of the world. Not to mention hospitality, but the
old confidence is slipped, isn't it well?

Speaker 11 (08:59):
At hands? This is the NAB business confidence which has
slipped into negative territory in May. So they're basically now
starting to see conditionings softening. Remember they've just released their
first quarter GDP. It was the lowest level of GDPENT
growed in decades. Some fear now that the slowdown will
step into the second quarter. So you're now seeing confidence
falling quite sharply, and things like manufacturing in transport, utilities, construction.

(09:23):
So they've got a few there's a few dark clouds
on the horizon for the Aussies as well. It's not
just us.

Speaker 10 (09:27):
We're going to sweat.

Speaker 11 (09:28):
We're going to We're going to we're going to sort
of share the misery around like that's what we're going
to do.

Speaker 2 (09:34):
What are the numbers right now?

Speaker 11 (09:36):
The Dow Jones ahead of this fent announcement to my
the Dow Jones is down one hundred and sixty six points,
which is zero point four to three within thirty eight thousand,
seven hundred and two. The S and P five hundred
hasn't moved at all five thy three hundred and sixty.
The Nazak seventeen thousand, two hundred and seventy nine. That's
up eighty seven, so that's half a point rally, half
a percent rally there. The forty one hundred lost about

(09:58):
one percent overnight eight one four seven. Then Nick was
up a quarter of a percent. I was closing at
thirty nine thousand, one hundred and thirty four. The Shanghai
confer that lost three quarters of percent. Yesdo three oh
too eight. The Aussie has had a bit of a
poor day actually. On the ASEX two hundred lost one
point three percent seven seven five five. We were barely
changed on the n SC fifty eleven thousand, seven hundred

(10:20):
and eighty five Kiwi dollar against the US point sixty
one four to one point nine two ninety five against
the ossie point five to seven one five euro point
four eight to two pounds ninety six point four six.
Japanese en gold is trading at two thousand, three hundred
and thirteen dollars in Brent crewed bang on eighty two bucks.

Speaker 2 (10:36):
Good on, you might go, well, we'll catch up tomorrow.
Andrew kellahead Jimiwealth at dot co dot m ZSK. You
record action figure from nineteen seventy nine officially released and
never are released in stores. Most valuable vintage toy ever
sold at auction it is the rocket firing bobber Fit
from Star Wars five hundred and twenty five thousand US.
That's a million dollars dethrown Barbie. That Barbie was special

(10:59):
because he had a real buy him a necklace. That's
old at Christie's three hundred and two thousand dollars, so
it's been smashed. The rocket fit was part of a
male giveaway promotion from the maker of the toy to Kenner.
Under the promotion, anyone who provided a proof of purchasing
four Star Wars action figures would be mail the bobber
Fit figure that had a rocket launcher on its back.
But but Kenner decided to attach the rocket to the

(11:23):
toy because it posed a choking hazard, so the figure
came with a note to customers, so no rocket firing
toys were actually evern mailed out. So a number of
the staff grabbed the toys with the rocket firing feature
took them home.

Speaker 3 (11:38):
That's it sounds suspicious to me.

Speaker 14 (11:40):
I clearly remember having a friend he had one of
these things. You could fire a rocket off, as we
used to play with it all the time.

Speaker 2 (11:46):
Bring it out. Glenn's worth a million bucks. Put it
on trade. Me six twenty one here in news Talk said, be.

Speaker 3 (11:57):
The Mike Hosking breakfast.

Speaker 2 (11:58):
Here's pole the poles this morning and the British race
twenty five point lead for Labor landslide bigger than Tory
a Tony Blairs. It's all telling basically the same story.
If the projections are correct, the Conservatives go down to
one hundred and forty seats. Labour get four hundred and
twenty two best ever biggest majorities in Stanley Baldwin back
in nineteen twenty four, the Tories would lose two hundred

(12:20):
and thirty two seats, Labor would pick up two hundred
and twenty two. The lib D MS forty in the
SMP thirty would lose thirty one. The whole things are shambles, Lollie, Mike,
I might have this wrong, but I thought council rates
could only go up by the rate of inflation. You
couldn't have it more wrong if you tried, Mike, how's
it council rates go up eighteen percent and claim better

(12:40):
than thirty percent like they originally stated, how do we
sell eighteen, we say it's thirty. I'm increasingly suspicious that
that's the case in a number of council cases. Sex
twenty five.

Speaker 1 (12:50):
Trending now with chemist Wells keeping Kiwi's healthy all year round.

Speaker 2 (12:55):
Right, Netflix, they're in the business for the chasing the
world's fastest man. So since you saying Bolt retired, sprinting
hasn't had a dominant figure man or woman. So in
what Netflix is calling this morning the world first, they're
going behind the scenes to see what it takes to
become the world's fastest person.

Speaker 3 (13:11):
When people will think about speed, think about one hundred.

Speaker 1 (13:16):
Remember, since Usain Bolt retired, who is going to be
that next one champion.

Speaker 15 (13:22):
I'm an Olympic champion, a mummy.

Speaker 1 (13:25):
There is no crowd heavier in the Olympic one hundred
meter gold medal.

Speaker 3 (13:33):
On Frank Early, it's my title, That's what they are saying.
So they get beat so much as writing on this
your legacy, your card shrug.

Speaker 16 (13:46):
There is a gold medal at the end of these
hundred meters.

Speaker 3 (13:51):
One wants it more.

Speaker 2 (13:56):
This is called sprint the World's Fastest Humans. It's out
on Netflix July too. Let me tell you this, I
got theme this morning. There's a bit of it about
sport is the new gold. And in the world where
media is being talked about so much these days in
a negative way, someone somewhere, increasingly a whole group of
them have worked out sports the answer got a big
deal signed this move, got record numbers for the other

(14:16):
women's basketball in America. Warner Brothers Discovery, which has got
a direct link to New Zealand to sign up a
very big deal this morning. And so sport is where
the action is at. I keep trying to explain this,
and this is why it's so depressing that rugby is
where it is, because the whole world is into sport
in a major, major way at the moment. Anyway, I'll
work you through all of that shortly. News is next,
and then we'll look at new numbers around the cost

(14:38):
of living.

Speaker 1 (14:40):
The newsmakers and the personalities the big names.

Speaker 3 (14:43):
Talk to, like the Hosking Breakfast.

Speaker 1 (14:46):
With Bailey's real estate altogether better across residential, commercial, and rural.

Speaker 3 (14:52):
On news talks ed b I.

Speaker 2 (14:53):
Guess he had no control over when the court would
do what the court did this morning with the sun,
but it does seem unusual that the president has just
literally vive for a speech on gun control in Washington
on the day his son got pinged. But Richard Arnold
with more on that shortly morning, Mike no One towers
having increased profit, increase in premiums. My house insurance went
up sixty percent. Also contents went up thirty five. Living

(15:13):
in the Wellington region leaves you with very few options
as other companies are reluctant to take your business. Pete,
thank you for that. And it's an interesting thing. Isn't
a lot of companies these days walk a very fine
line on success. It's wonderful to go look look at
our profit guidance, look at our dividend, look at our profit,
look at how good it could be. But who's paying
for it? Twenty three minutes away from seven.

Speaker 3 (15:33):
Right.

Speaker 2 (15:34):
Speaking of the economy in numbers, new numbers this morning
around how we're handling the cost of living crisis. Kiwibanks
and your State of Savings Index has found that one
in three of us would struggle with paying an unexpected
five hundred dollars bill. Thirty nine percent of us are
saving less than one hundred dollars a month. The Kibank
chief executive Steve Yukovic's back with us. Steve, very good
morning to you. When you look at the picture versus

(15:55):
I don't know the COVID era of the GFC any
regular time. What's this picture tell us bad? Good or
in different bad lot?

Speaker 17 (16:02):
People are doing it very tough and particularly we've seen
that more than six times more likely the reason that
people would bring us up and stay they've got problems
is cost of living. Historically that would have been the
top three reasons would have been lost, my job, got divorced,
or have got an illness. So it does really show
that there's been a big shift with the where the
strugglers that.

Speaker 2 (16:21):
Thirty nine percent saving less than one hundred dollars a month.
Does that reflect to your customer profile? Would it be
different at different banks or we don't know.

Speaker 17 (16:29):
No, this is a sample of all of New Zealanders,
though it's absolutely respective of everyone.

Speaker 2 (16:33):
That's depressing, isn't.

Speaker 11 (16:34):
It It is?

Speaker 17 (16:36):
It shows just how hard it is for people. I mean,
the encouraging thing is, you know, sixty percent of us
have a monthly budget, but obviously budgets so driven by
you know, what you've got as a surplus, so you know.
I mean, I think the short story is being able
to put anything away as soon as you can is
absolutely the best idea. The thing that really struck me
might was a one off cost and not being able

(16:58):
to meet that without borrowing or selling something. You know,
that could be failing a warrant or needing new tires
for your car, which might impact you being able to
get to work. So it does show that people are
getting close to the line and.

Speaker 2 (17:09):
These are working New Zealand does aren't they? In general?
I mean most that these are people who get an income,
go to work and you would think can tread at
least tread water.

Speaker 17 (17:18):
Yep, very much so. And you know, indicative of a
whole lot of people. I mean the other depressing part
of it and confronting factors that women do. You know, like, hey,
we say to do much worse in the situation as well,
So you know there's some things to steer into there.

Speaker 2 (17:32):
Yeah, exactly is it the big bills that like the
mortgage that's killing most people? In other words, we would
say more than one hundred dollars if the mortgage hadn't
gone up.

Speaker 12 (17:39):
Yep.

Speaker 17 (17:40):
I think so. Also the things that you I mean
I've heard you talk about this previously. You know, insurance premiums,
those sorts of things. Rates, they're not choices that you
can make to sort of cut back on without big consequences,
and so people are really trying to you know, face
into meeting the bills they can while recognizing they're going
to have to spend less on entertainment or hospitality. On
recent we've really seen a cut back there.

Speaker 2 (18:01):
See, here's the really interesting thing for me. So we're
talking about Adrian or we're talking about cuts, maybe not
until next year. An Z's just there forecast until maybe February.
But even then, if it comes, it's the cuts. If
you're only saving one hundred dollars or less a month,
we're a long way away from getting back to anywhere
near what many people would regard as normalcy, aren't we.

Speaker 17 (18:21):
Here we are, and I think that's what you have
to think about. You know, we've certainly we've done some
research in you know, there's lots of articles around. We're
seeing a lot more people fixing their mortgages for shorter terms,
and the hope that the rates are going to come
down really important people work through, you know, how long
the cuts would need to happen for before you actually
net better off. But look, I think a cut and

(18:42):
interest rates will be really good for people's confidence. I
think people were really shocked by you know, that sort
of out of the box rate call out it might
go up. Those sorts of things really put a lot
of pressure on people. So I think while it won't
be a huge savings I think a cut hopefully later
this year, will be It is.

Speaker 2 (18:59):
That what you're bank saying still later this year as
opposed to next year?

Speaker 17 (19:03):
Yeah, we are, We're still calling it later in the year,
but I mean everyone's shifted to early twenty five mainly,
so look at you know, if it's late in the year,
it's probably going to be November and probably going to
be twenty five points.

Speaker 2 (19:14):
All right, mate, go well, appreciate it. Steve Byukovic, who
is the Qiwibank chief executive with us this morning. Richard
Arnold state side shortly nineteen two.

Speaker 3 (19:22):
The my costume breakfast.

Speaker 2 (19:25):
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they're pretty straightforward, of course, but as we get on
there's a nagging uncertainty in the question becomes can I
afford my retirement after all retirement should be enjoyed, not
just endured. You may have savings built up, but you
may not quite know how to invest it for retirement. Well,
fortunately Milford does. With their expert advice, you can plan
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(19:46):
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(20:08):
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we got out of control, counsels up and rates by
eighteen percent for nothing, insurance gouging based on climate fear

(20:30):
and red tape expenses who can get a hit. Thank you, Simon.
Protests were already at Joe's place.

Speaker 18 (20:35):
You make it such a difference. The main reason I'm
here is say, I mean it's in a bottomway hope.

Speaker 19 (20:48):
No no, no, no, no no no no no no
no no no no, no, false.

Speaker 3 (21:03):
Folks, It's okay, what.

Speaker 20 (21:09):
Great care.

Speaker 18 (21:09):
Innocent children have been lost.

Speaker 21 (21:12):
International correspondence with Endsit Eye Insurance Peace of Mind for
New Zealand Business.

Speaker 2 (21:17):
By Richard Morning Morning, Mike ironic?

Speaker 22 (21:21):
Is all this right talking about gun violence at this point?

Speaker 23 (21:25):
As you heard, this was a protester who was trying
to point up the applied to Palestinians at the minute.
But this comes right on the heels, of course, of
another day and another legal first, with Hunter Biden, President's
son becoming the first son or daughter of a sitting
American president to be found guilty of felonies, three counts
of unlawfully purchasing a gun while claiming on the government
form that he was no longer a drug addict.

Speaker 22 (21:46):
All this just days.

Speaker 23 (21:49):
Before after former President Trump was convicted of his thirty
four felonies. This, of course, a case where there is
no sentencing day as yet for Hunt Biden, but it's
expected to occur sometime in October, so just before the
US elections. In what sounds like a carefully written statement,
Hunter Biden has responded to the guilty verdict by saying
he is quote more grateful for the love and support

(22:12):
he's getting than he is quote disappointed by the outcome.

Speaker 22 (22:15):
Take that as you will.

Speaker 23 (22:16):
First, Lady Jill Biden was in court for her son's
trial on each day but one when she was off
in Europe with the President, who, as we say now
is getting mostly enthusiastic support from the crowd at this
gun violence conference, but maybe has some other thoughts on mind.

Speaker 22 (22:33):
Here's another extract from it.

Speaker 18 (22:42):
I give you my word, I know what that feels,
that black hole when you received that phone call. It
seemed like your black hole in your chest to being
sucked into it.

Speaker 23 (22:49):
Yeah, so talking about gun safety, but perhaps the other
issue will on his mind, President Bush. President Biden issued
a statement immediately after the verdict saying he stands by
his son and accepts the outcome of the case. He
says he's proud of the man his son is today
and will continue to respect the judicial process. He is,
of course, just back from France, where he was also

(23:11):
asked about the prospect of a presidential pardon in this
particular instance, and he.

Speaker 22 (23:16):
Replied, I don't know that we live in a Christian
that this.

Speaker 23 (23:19):
Was something that he would not consider. There would be
no pardon, he said, So that ruled out when it
comes to Donald Trump. He spent his latest rally in
Las Vegas slamming the judge in his trial, the very
judge who will decide on July the eleventh on his sentencing,
a devil. He called him who oversaw a rig case
and is a certified Trump hater. So we'll contrast the

(23:40):
comments sections here. Hunter Biden could face up to twenty
five years in prison. That outcome quite unlikely. It's ten
years for each individual count for the three of them
for a first offense where no underlying crime has committed.

Speaker 22 (23:52):
Many things jail time unlikely.

Speaker 23 (23:54):
He still faces other legal challenges on going, including tax
issues and so on. Some Republicans still are railing of
a Hunter Biden, saying it's a sweetheart deal he's getting.
Does nothing to get to what they call without any evidence,
the Biden crime family so ongoes to politics. As to
the Jura, several are speaking out. One jury member during
number ten says the Duras initially was split six to six.

(24:17):
Then after a night's sleep, this particular Dura says, they
all came together on the guilty findings. As to the
connection with the president, that particular Dura says.

Speaker 24 (24:26):
No politics came into play, and politics was not even
spoken about. The first family was not even spoken about
it all. It was all about Hunter.

Speaker 13 (24:37):
Well.

Speaker 23 (24:38):
The trial certainly was humiliating, with Hunter Biden's four year
crack addiction laid bare, along with its devastating effects on
his family. In his own memoir and the audiobook version
of it, Hunter Biden spoke in excruciating terms about his
drug use.

Speaker 18 (24:50):
I used my superpower finding crack anytime, anywhere.

Speaker 23 (24:55):
Yeah, this trial has laid out the challenges of a
first family more than anything else we have seen.

Speaker 22 (25:00):
And none of this has done yet.

Speaker 23 (25:01):
Might come still crunch yet again as we move closer
to the elections this year.

Speaker 2 (25:06):
And talk to me about the Supreme Court and these
recordings and are we going to scandal here or not?

Speaker 22 (25:11):
It's odd going.

Speaker 23 (25:12):
You know, the US court system is under scording scrutiny
of late. We've had the money that's been funneled to
Justice Clarence Thomas on the Supreme Court, the Alito flag
waiving issues and now, and undercover recording has been made
by a left wing activist of one of the battled
members of the Supreme Court. A woman named Laura Windsor
went along to an historical society event and.

Speaker 22 (25:34):
Took a secret tape recorder with her.

Speaker 23 (25:36):
This substitious recording being condemned by many, but Winsor remaining
unrepentant about what she has done.

Speaker 15 (25:42):
To people who want to pearl clutch about this.

Speaker 13 (25:45):
Yeah, please tell me how we're going to get answers
when this.

Speaker 23 (25:48):
Is yeah, pearl clutching anyway, She recorded Justice Sam Alito
and his wife, The Alitos are the ones who flew
the upside down flag at their place, the echoing what
the Capitol Hill rioters had done. Now Alito is heard
on tapes saying there is a battle with the political
left making it difficult to work together.

Speaker 17 (26:04):
One side or the other is.

Speaker 22 (26:06):
Away, one side of the other is going to win.

Speaker 1 (26:08):
He's saying, a way of working, a way of living together, peaceful.

Speaker 3 (26:15):
B it's different.

Speaker 23 (26:17):
Yeah, how can you work together with such individuals? This
is a Supreme Court justice talking about fighting the political
battle is wife, the one whom he blames for flying
the flag upside down, says she wants a Christian nation,
not one where gay pride flags are flown across the way.

Speaker 25 (26:33):
But what I want, I want a sacred part of
Jesus flag, because I have to look across the lagoon
at the pride flag for the next month.

Speaker 22 (26:41):
She says also that a heritage is German. Quote. You
come after me, I'm going to give it back to you.
There will be a way.

Speaker 23 (26:46):
It doesn't have to be now, but there will be
a way end quote. So says Martha and Alito.

Speaker 2 (26:51):
Now I might catch them in a couple of days.
Appreciate it very much. And that goes also Katini Brown Jackson,
who's one of the Supreme Court gess she got Beyonce tickets,
Clarence Thomas, the aforementioned, a lot of reinbursements for travel
and friends and high places who are giving it. It seems
the most extraordinary things. They're housing allowances, their housing allowances.
There's a couple of people who have written books and
they're getting royalties from that. I've got no problem with that.

(27:13):
If you write a book and you gain royalties. I'm
not against that, but this free stuff for the Supreme
Court job. I would have thought there'd be a blanket rule, nothing,
full stop, zero, nada, but clearly I naive ate. Away
from seven, the Mike Hosking Breakfast with Jaguar News Talk
SEDB Mike hard and samgo checking on the green MP

(27:34):
Tanner's inquiry been three months. Ah, there's a story there
more shortly five Away from seven.

Speaker 3 (27:41):
The ins are the outs.

Speaker 1 (27:42):
It's the fizz on the Mike Husking Breakfast on News Talk,
said B.

Speaker 2 (27:47):
Jovinsight for you. This is from the Hay Salary Guide,
which is the largest report we have into salary and
recruitment trends, based on a survey of more than fifteen
thousand respondents covering twelve hundred rolls in twenty six industries.
So what have we got. Seventy seven percent of employees
ease say they're looking to leave their job in the
next twelve months. The greener pastes make more money sixty
four percent. It's the cost of living number one reason

(28:07):
for the switch. Forty percent unhappy with the salary seventy
three percent doesn't reflect their individual performance. That's right, everyone's
a genius who needs to earn more. Huge change and
pay rise expectations.

Speaker 23 (28:18):
Though.

Speaker 2 (28:18):
Back in twenty nineteen, sixty seven percent expected to pay
rise of less than three percent. Now sixty one percent
want more than three percent, a third expecting ten percent
or higher. Because you're so brilliant, that's why no one's
as good as you. Eighty six percent of employee ers
say they will increase their workers salaries in the next review,
but not to the level of the worker's expectation. That's

(28:39):
how it works, isn't it. You go, can I have
one hundred dollars? No, you can't, You can have fifty?
You can I have sixty, No you can't. You get
fifty three?

Speaker 3 (28:44):
And there you go.

Speaker 2 (28:45):
Are the parts of the report. Businesses becoming more optimistic,
sixty four percent believing business activity is going to ramp
up in the next twelve months. Skills shortage, unbelievably is
still an issue twenty four percent. Mind you, that's seventy
six percent saying no, twenty four percent, it's actually gotten
worse in the last twelve months. Majority say it's remained
about the same. So I think, broadly, broadly, we've got

(29:07):
the skill shortage under some sort of control. Good and
the immigration search that we've had in the last twelve
months or so. Right, oh, dairy not going in, farming
not going in and not going into the ets. A
little bit of common senses are right there, but of
course the big question is if you're not going to ets,
how do we price all this in the wonderful world
of climate change. Will look at this also something on
the field days and the petrol prices as well.

Speaker 1 (29:29):
The breakfast show You Can Trust, the Mic Hosking Breakfast.

Speaker 3 (29:33):
With Avida Lived, the Age You Feel News Talk SADB.

Speaker 2 (29:37):
Morning at seven past seven are good news for farmers
as heywakanos dead. The farmers aren't going to be put
into the ETS and a new way of measuring emissions
will need to be found. Of course, dare in New
Zealand CEO Campbell Parkers with us. Campbell morning to you,
Mordie wake, how are you very well? Indeed? Thank you?
Common sense arrives at last? Is that how you see it?

Speaker 16 (29:55):
A look, this has been signaled for some time and
it's good to have the clarity and to have a
day test when it will be removed. So we welcome
the announcement yesterday.

Speaker 2 (30:05):
How real was Hawakanoa? In other words, it was purported
by the previous government that everyone was come by holding
hands and you're all in this together. Was that ever true?

Speaker 16 (30:15):
I wasn't in my role at the time, Mike, but
from what I hear, talking with people is a huge amount.
If they went into hear waki can are and unfortunately
it stalled and didn't progress. But certainly as an industry
we want to own the issues and have an input
into that. So we look forward to the new group
that set up, the new Pastoral group, and you know,
we're ready to work actively on behalf of farmers in

(30:37):
that space.

Speaker 2 (30:37):
Has enough weight in general been put on the fact
farmers are extremely good at what they do. They're not idiots,
they don't want to burn the planet down, and that
should be taken into account.

Speaker 16 (30:48):
Yeah, we also need to ensure we're using the most
appropriate and up to date science in this whole discussion.

Speaker 12 (30:56):
You know, target to.

Speaker 16 (30:57):
Targets, and you know, farmers want to do the right
thing and make progress towards you know, more efficient production,
profitable production and good environmental outcomes, but they do need
clarity around the policy settings. So that's what we're looking
forward to.

Speaker 2 (31:12):
Are you optimistic you'll get there? Can get there?

Speaker 3 (31:16):
Oh?

Speaker 16 (31:16):
Look, I am optimistic. I'm an optimistic person. And you know,
I think we've got to work incredibly hard on behalf
of farmers to get what I would call enduring policy
in place, because otherwise we get stuck in a cycle.
And when farmers have clarity and we get enduring policy,
they will invest in the things that they need to
to improve their farms. And you know understand here at

(31:38):
field Days, and you know it's a great example of
farmers that will adopt innovation and continue to you know,
push forward and do a great job producing high quality
product that the world demands.

Speaker 2 (31:49):
Couldn't agree more. We talked to Peter Nation in a
couple of moments, got a good vibe there at the moment.

Speaker 16 (31:54):
Yes, it's just clearing, so it's a little bit hard
to tell, but it's very busy. I've come out side
and found a quite spot and you know, farmers, you know,
always come to field Days. I think we'll have a
busy Wednesday and Thursday. The weather looks a little bit,
you know, in Clevement on Friday, but we cannot forget
a critical role that farmers play in the economy. You know,

(32:17):
twenty five billion with exports from dairy to the end
of April this year. And you know where the farmers
do well, communities do well. In New Zealand does well.
So we look forward to the next couple of days
talking to a.

Speaker 13 (32:27):
Few of them.

Speaker 2 (32:27):
Good stuff, well said, you go well, Campbell Parker, who's
the daary in New Zealand. CEO Peter Nation aforementioned, who's
the Chief executive Field days with us in a couple
of moments ten minutes past seven again from our Defense
Force into Korea. We're sending forty one of our personnel
to South Korea to help with the UN Command. Defense
Minister Judith Collins with us on this very good morning to.

Speaker 11 (32:45):
You, Oh good morning mate.

Speaker 2 (32:47):
Is this increasingly an angsty part of the world?

Speaker 15 (32:50):
Well, I think any of us who look look at
the world now, we can see that things are obviously
moving in a difficult way. But it's also important to
note that the United Nations Command is asked for this
extra contribution from us. So from my point of view,
it's a road of confidence the Museum's role and we're

(33:12):
considered a very good player in the world with people
who contribute well, and our people will do well.

Speaker 2 (33:19):
What will they be doing well.

Speaker 15 (33:21):
There's an Honor Guard, which is the extra to what
we've done before. It's a twenty five personnel. Those are
mostly younger lease experienced of our Defense Force team. So
it's a really good opportunity for those with a couple
of years service to actually get not only some overseas deployment,
but actually working with other nations because now we are

(33:43):
one of several other countries involved. But it's good for
them to do that, good for their training, good for
their understanding of how we work in with other countries.
And then of course we've got an extra six going
to the currently twelve that we currently provide to the
Armistice Commission and.

Speaker 2 (34:04):
The new incommand and given the parlor state in parts
of our Defense Force to forty one stretches or are
we comfortable with us?

Speaker 15 (34:12):
Mostly the large number of this is actually our newer people,
and so the fact is that that will be good
for them. One of the most things we can do
in defense is to keep everyone home because frankfully, no
one joins defense because they want to improve their missing
skills at home. They really do want to be out

(34:32):
there in the world getting to rub shoulders with the
people that we will we work with in defense roles.
So this is good for defense. It's good for us
retaining people. It's really good for us to bringing new
people in good stuff.

Speaker 2 (34:47):
Appreciate your time. Defensement is the Judith Colin's twelve minutes
past seven passing. Just then trade me property numbers this morning.
They're noisy. I always say the same thing. Month to
month is always be noisy. You look longer term to
the quarter to the year. But month and month April
to May there are property prices fell two point three percent,
were down to eight fifty seven thousand on average around
the country. I can find only one region which has

(35:09):
gone up, which is Gisbon five point two percent. Everyone
else is down. Some aren't down much. Canterby's down zero
point two, in West Coast is down zero point one.
But there are some reasonable falls. So Tiger's down three
point two, Hawks Bays down three point seven, the Capital
down two and Auckland down two point three. But that's
where the property market is at currently thirteen past seven.

(35:30):
The my costle racist Mordi, my partner's in real estate
and Auckland. Their Q two sales and units has already
more than last year. Things moving because sellers finally have
realized real price into getting on with it. It's a
very good point because the numbers I gave you were,
you know, the cost of a house on average, and
you should always be careful about averages. But that didn't
include the number of sales. So you can have the
price going down, but the number of sales going up

(35:51):
of course. Now sixteen past seven, Yes, the aforementioned Field
Days that gets underway today, fifty six the year, more
than one hundred thousand roll into the Mighty way Kata
this week the Field Day Society, chief executive of Peter
Nations with us. Peter, very good morning to you.

Speaker 20 (36:05):
Yeah, good morning, Mike.

Speaker 11 (36:06):
How are you.

Speaker 2 (36:06):
I'm very well indeed, what's the vibe?

Speaker 20 (36:10):
Vibes feeling really good. So we've about us five. The
exhibitors start arriving. They've been here seven weeks building the
mini city and there's a lot of people staying to
come and we're watching the traffic coming down the motorway
and it's the usual queue, so we're quite excited.

Speaker 2 (36:27):
Fantastic weather and track, a little bit of a problem
where it doesn't worry a farmer.

Speaker 20 (36:31):
Oh no, we only had a sprinkling of rain last night.
It's fine today, fine tomorrow. There is rain coming Friday,
but who knows it will be raining, but who knows
when and how much? And on Saturday's looking fine as well.

Speaker 2 (36:44):
So and I'm hearing in the news this morning the
international contingent looks good. Are they coming back in and drives?

Speaker 16 (36:50):
Yes they are, Mike.

Speaker 20 (36:51):
I've been doing this job for eight years and been
involved in field gates for twenty five, and it'd be
one of the biggest international contingents I've seen and know.
This government is saying New Zone's open for business, and
I guess that's a reflection good stuff.

Speaker 2 (37:04):
And we're still seeing all the stuff we normally see,
like the innovation, the brains are at play.

Speaker 20 (37:09):
Yeah, we are in the innovations area, our biggest number
of entries in ten years, and I think that's quite
exciting when people are putting their minds to renovation and
ideas to help the sect around those challenges like you know,
climate change and water quality and those things. So that's
that's looking really good. And I've got to say the
exhibitors have really fronted up again this year, Mike, can

(37:29):
you know there are head ones out there exactly and
we're only one percent empty, so we're not in nine
percent four which is great.

Speaker 2 (37:36):
Effort by the n I was going to say, what
is that mood? If you're dealing with on farm inflation,
that's a killer and everybody knows it, or knows I
know it's dissipated a bit of late. But then again,
you've got the announcement yesterday, hay waking, you got a
government that's on your side broadly speaking. How do you
balance all that up?

Speaker 3 (37:53):
Oh?

Speaker 20 (37:53):
I think you know, I've been around the farming industry
my whole life as well, and you know, farmers they
have these challenges, come at them. Seems to be a
lot more at the moment, but you know they'll navigate
their way through it. But it is hard on the farm.
You know, you've got you look at land prices are
half what they were a year ago, interest rates of
sort of double CPI, inflation, fuel, you know, legislation, all

(38:15):
those things are challenges. But an event like ours, I guess,
presents those challenges but also tries to present some solutions.
This year ten o'clock, we're opening the Advocacy Hub, which
is a joint initiative with Fairated Farmers and that that's
our first initial staff into bringing a lot of organizations
together for farmers and growers to come and have those
conversations and debates and get some information direct from the

(38:39):
horse's mouth, so to speak.

Speaker 2 (38:40):
Fantastic, Go well, mate, ped Nation, who's the chief executive
at field Dose for another year and speaking of the
area at will Hart. In this case, Zesper's having another
crack with their growers. They want to increase supply with
the contractors in the northern Hemisphere. So they got partners
right in Italy France. We told you about this at
the time Italy France grew Japan and Korea and so
that's called the Zesprey Global Supply the ZGS. Now currently

(39:03):
it's capped and they want to increase that. Their argument
is the international demand. They're not able to meet it.
So more and more people love the old kiwi fruit,
but we need to grow it and meet the demand.
They had to go with the growers and they said
how about it, and the grower said no, thank you.
So the current limits grown in the Northern Hemisphere would
only meet forty two percent of forecast demand, so surely
you want to meet forecast demand by twenty thirty three.

(39:26):
So they're going to do some shared talks and road
shows and I'm sure it's going to be on it
at the Field days as well. So they're going to
have another go to see if they can get the
numbers across the line and increase. And as I told you,
I think the other day, the season looks absolutely fantastic
coming up twenty past seven.

Speaker 3 (39:40):
On my Costkill Breakfast.

Speaker 2 (39:42):
Great time to be in the industry, MKE. Lots of
good things happening, David, you're a growth. Thank you. Chemists Warehouse,
by the way, always here for you because you can
hit and still a head online to check out their
wide variety of offers on their favorite big brand vitamins, cosmetics,
fragrance and much much more. And Chemists Warehouse will continue,
by the way to open early, close late, and they
got the pharmacists available and on hand to dispense the
advice anytime you need it because Chemists Warehouse is committed

(40:06):
to offering free prescriptions in every store, every day, regardless
of what the future hold. Now you got the pseudoephidrine.
Those are products containing the pseudoepandrin. They're returning to New
Zealand shelves and chemist Warehouse pharmacists will be on hand
to assess of these products are right for you and
the management of nasal and sinus congestion or the common
cold of the flu symptoms. Now products containing pseudoefidrin do
not require rescripting anymore, but it is important that you

(40:28):
consult your local chemist warehouse pharmacist to first ensure that
they're right for you. So to find out more, shop
the unbeatable chemist Warehouse range head in store or go
online and stop paying too much today with Chemist Warehouse
Huski seven twenty three another one of those sensible moves
I reckon this week with this amendment coming to the
Climate Change Response Act and to make sure that, as
we've been talking about, agg does not enter the ETS

(40:50):
emissions trading scheme. In a side note, by the way,
the report the previous government commission to look at how
to handle agriculture around climate change it was called ekwoker. Noah,
did I get that right? Echowacanoa. You've forgotten the hay part, hey, echaquacanoa.
Now tell me what that means. Just tell me what
it means. Translate that. Does anybody know what that means?
For goodness sake? And how simply it's a good example

(41:13):
of how simply peppering a few touchy fee the phrases
change nothing when it comes to the language. So we
will need to find, I guess, a new way to
work out where agriculture fits into climate change. But here's
the key point that the current government frequented by farmers
of course by the likes of Andrew Hoggart, that they
get that the previous government didn't get. When it comes
to farming, We globally are as good as it gets.

(41:33):
If we made farming needlessly hard here, we wouldn't produce
as much, which was always a stupid idea given we
sell what we make and that's called foreign income, and
what we don't sell we eat. And if we made
it too hard to farm, we would still need to eat.
It would simply be grind by somebody else who isn't
as good as we are. What's the point in that?
And then we get to the science of it all,
punishing people for a problem that science is already and

(41:55):
will increasingly help, if not address is pointless. The obsession
around the Pois accord emissions at the expense of all
else has already played out disastrously, of course, in oil
and gas and our ability to turn the lights on
or not on a cold winter's morning. Last thing we
needed was a drop in agriculture. So the Australian opposition,
you might have noted already this week, is starting to
talk about bailing on the parasteel because it's unobtainable. We

(42:19):
signed up to things we couldn't do, and Labour didn't
appear to care who they wrecked while chasing that illusion.
Reality and common sense is back, and not a moment
too soon, asking Darling Taner Sammy Gaden McCauley yesterday, we're
getting fobbed off now. So I've told Sammy to call
them each and every single day, because here's the thing.
They're saying, Oh, there's still nothing and we'd like it

(42:39):
to be over, and we're just really hoping it'll be
over soon. And when I'm trying to point out they're
paying the bills and there'll be a invoice arriving each
and every week, and they'll be going, jeez, this is
mounting up isn't it tens of thousands of dollars. Wonder
do they ask any questions? Where are you at?

Speaker 10 (42:52):
Who?

Speaker 2 (42:52):
If you talked to? How many more people do you
have to talk to? What are they telling you? Is
there a problem all of these sort of things. The
lawyer is in the employee of the grit So the
Greens are playing games here and it's becoming a joke.
And I don't think they take themselves seriously. Mike another
pole another confirming the downwards trend for the government and
lack of popularity for the Prime minister. And this is
the most uninspiring labor party of all time in opposition.

(43:16):
Doesn't this government, with only fifty five percent of support
at best, run the risk of all the unpopular changes
they're ramming through urgency rather than ensuring policies that will
be reversed, like they have done with the labor policies.
It's not a bad point. If you're a critic of
the government, you can start to mount a not unreasonable case.
Have you missed the poll yesterday, there's no real change.
Labors down a smidge, Nationals down almost a couple overall,

(43:40):
the government are down a couple of seats and the
Opposition are up a couple of seats. But this is
what we saw in Australia as well with Albin Ezi.
He's got other problems though, and that's why he's unproperly.
But there was nothing in the budget. So in other words,
the Australians rolled out some tax cuts, they didn't get
a bounce in the poles. This government rolled out tax cuts,
they didn't get a bounce in the poles. And Christopher

(44:00):
Luckxson at some point. It isn't at the moment because
we're still miles away from an election, but eventually that
time will tick by and if the Prime Minister isn't
more popular than really is, there's going to be an
issue once again. So his favorability is down to minus
five and Christopher Hipkins is up to plus three. So
really we're not dealing with rock stars here either side

(44:20):
of the campaign, and that is to Luckson's advantage. Having
somebody as uninspiring as Hipkins actually helps them. But when
somebody that uninspiring is beating you, there's your problem. So
things aren't on fire. They talk a good game, they're
doing some good stuff, it's just not gelling in the
polls at the moment, so that's potentially a problem ongoing

(44:42):
right petrol ComCom says we've got an issue. We'll talk
to the com coom after the news, Big.

Speaker 1 (44:48):
News, the bold opinions, the Mic Hosking Breakfast with Jaguar,
The Art of Performance News Talk said Bi.

Speaker 2 (44:56):
Michael put the government's on popularity down to the constant critique.
When you say on popularity, I mean you've got to
use that in loose terms. They're still the most popular
would still be the government, of course, down the constant
critique by media amplifying lefty pressure groups who don't like
the balance being given back to our country. Nets have
made some errors and have been rightly criticized, but they're
doing what we voted them in to do. Good news
isn't given attention. It was a very good that last

(45:18):
points salient yesterday. I told you to look around for
the ram raid story down eighty percent? Where was it?
I mean it was it was about the place, but
not not in the way that the bad news is
the media. I heard it, yeah, exactly on the show
and Kerry Show and get words because she listened to
this show and then she runs with it and if
they were smart, if Simon and James were smart, they
would have run with it too. Having said all of that,

(45:40):
it's always the bad news that the media focus on. Unfortunately,
mikey comments on climate policies and need to yes a
bang on these pointless polls at the stage ain't the
worst hypochond look. I tend to agree that that's done
for corporate clients and they thought therefore they pay for it. Therefore,
you know, it is what it is. You may as
well read them and take them for what they are.

Speaker 3 (45:59):
Mike.

Speaker 2 (45:59):
I'm part of a team from Lifeline. We're going to
be at the Field Days for the very first time
this year. Very excited. Got a special wellness Hume and
look forward to having many over these four days. Well,
it'll be fantastic. You enjoy that, Mike. The European election
results indicate people have had enough of the over aggressive
climate change targets, among other things. I think that's probably
true that Green's got spent in Europe, and for those
who support that type of ideology, there are major major

(46:21):
concerns as to what they do going forward about climate
change now, Mike, to date, all national have done is
unbundled the outer carnage wrought by the Labour government. By
just implementing common sense measures, they need to start getting
inspirational and giving struggling Kiwi's hope that life will improve.
Twenty two to Way Politics, Wednesday, Mark Mitchell, Ginny Anderson

(46:42):
after eight o'clock this morning, meantime Commerce Commission. As I'm
sure you're well aware, as way back into the petrol market,
retailers too quick to put the prices up, too slow
to bring them down. The bill for the behavior falls
on the punting you and me to the tune of
fifteen million dollars a year. The Commissioner, Brian chapelers with
us very good morning morning, Mike. How would you describe
the market in Lamer's terms?

Speaker 3 (47:00):
Is this a rut?

Speaker 2 (47:01):
Are they ripping us off or not?

Speaker 10 (47:04):
Look, I think it's just not as competitive as we'd like.
We can certainly see competition that's starting to improve. We
can see more of those unstaffed sites coming in and
bringing down prices in the areas around them. But this
study shows, you know, prices going up faster than they
come down, that you know, there's more work to do.

Speaker 2 (47:22):
Their counter argument, as it always is the complexity of pricing,
because we all look at the price of a barrel
of oil and go, hats down? Why and so it's
much more complex than that. Does your work take that
into account?

Speaker 10 (47:34):
Well, A really good thing about this is it just
looks at increases and decreases and how they get treated.
And it's over quite a long period of time. So
this is a pretty robust finding that prices go up
faster than they come down. I don't think they can escape.

Speaker 2 (47:49):
That, right, But they would counter it by saying, look,
we look at the price of a barrel of oil,
it's down. Why isn't the price down? And they go well,
at the same time the dollar moved as well, or
the cost of shipping chain and therefore it all equated out.
Do you dismiss that or not?

Speaker 10 (48:04):
Yeah, you'd have to say that on average. You know,
we're looking over several years, so there would have to
be a systematic change in the exchange rate or oil
prices or sorry not. You know, there have to be
a systematic change in some of their costs going in
different directions to explain this. And I just don't think
that's credible.

Speaker 2 (48:23):
Okay, is it collusion?

Speaker 10 (48:25):
No, there's no evidence that there's collusion. I think it's
just a you know, as one of the things factors
they give. It's they look at local competition, they see
what others are doing. If they're not forced to lower prices,
they don't necessarily do that. That's a market.

Speaker 2 (48:38):
Well, why doesn't it work in the sense we had
the white time of people on Gull's been a similar
sort of player. They go, we're not like them, we
are different. We lead the market. If they lead the market,
why don't the majors follow?

Speaker 10 (48:49):
Well, they do in the areas where those stations are,
and so you do see when a new station comes in,
it brings down prices in that area if it's one
of those under dark sites. So making it easier for
them to access fuel, which is what the regulatory regime does,
and then making it easier for them to open more
of their stations, which councils have a role in that helps,

(49:12):
and then US motorists choosing to shop there that forces
them agors to allow prices to match.

Speaker 2 (49:18):
Having muddied the waters, I think a little bit. When
you talk about the tax rate coming off for Auckland
motorists for example, I mean, of course it will come
off instantly, won't it Because it's an external input. So
in other words, when the tax goes, it goes, it's easy.
Whereas what they're arguing is the complexity of day to
day pricing is way more problematic than that.

Speaker 10 (49:38):
I don't think it's maybeing the waters. I think if
there's a tendency for prices to come down more slowly
than they go up, we don't want to see that
happening when the fuel tex comes off, right.

Speaker 2 (49:47):
Sure of you saying what you've said, what else can
be done? What's been the point of this market study,
of your involvement in the market and all of this,
what's actually changed?

Speaker 10 (49:57):
Well, what's actually changed is that companies like Way, Tomo
and Gull can now more readily get fuel at more
reasonable prices, and we've seen that they've been much more
able to open stations than was the case in the past,
and that that is driving down prices for Kiwi motorists.
So I think we've got evidence that it is working
and so perfect, No, but it's.

Speaker 2 (50:18):
Working, Okay, how much does the punter play a part
in this? In other words, if I wanted to put
a bit of energy into it, get a gas by
app shop around. There's plenty of competition and there's plenty
of price by variability.

Speaker 10 (50:29):
Yep, yep, especially in a place like Auckland.

Speaker 11 (50:32):
Look.

Speaker 10 (50:32):
Terry Collins from the AA's been talking about that in
the last day or so. He's absolutely right. If everyone
shops at the lowest price station, the others are going
to have to match, all right.

Speaker 2 (50:42):
Brian, appreciate time. Brian Chapel, who's the commissioner at the
Commerce Commission, seventeen minutes away from mahasking some unusual Singapore
airlines are offering compensation out of the turbulence and normally compensation.
I mean it's a nice thing to do and good
on them. It's no criticism, just wondering if is this
industry precedent or industry norm because they're offering ten thousand
dollars something of it's about fifteen thousand New Zealand dollars

(51:04):
if you sustained minor injuries. This was the flight the
other day from London to Singapore, so fifteen thousand dollars
if you sustained minor injuries. I don't know how they
would quantify that, or whether you need to provide proof
or I've sprained my ankle, or I got a bruise
on my knee and it came from my head hitting
the cabin above whatever. Anyway, if you had more serious injuries,
they're offering an advanced payment of about something about forty

(51:28):
thousand dollars to address the media to the immediate needs
further discussions to meet their specific circumstances on cost. I
get it if you had to incur cost as a result,
but just by being there, it wasn't their fault. I mean,
unless it's proven to be their fault, but at this
point doesn't seem to be their fault. It just seems
to be turbulence. And if you want to blame anyone,

(51:48):
you blame climate change. And what we should have done
is closed more coal mines sooner and then the turbulence
wouldn't have happened. Then the plane wouldn't have fallen out
of the skum. But is that standard if you ever
been involved in that? Does somebody normally I mean Knight's accommodation,
the hotel and some coffee or something like that. But
that's a lot of money because there's a lot of
passengers involved. Sixteen two, The make costing Breakfast or could
it be make that by aunditioning out a son may

(52:10):
stave off a class action from people that Singapore should
have avoided a particular area. I got a lot of
text about the Glenn's, Glenn's noddings head, Glen's all over
the conspiracy theories about roots and how they need to
change them. And they got a number of texts at
the time about the bay have been gaul and how
in the olden days they used to hand out a
shot of whiskey as they headed over the bay, have
been gall in the monsoon season and all that sort
of stuff. Let me just just alert you to all

(52:32):
of this if you're not a little already. Sport is
where it's at. It has never been. This is a
global thing that's unfolding in media, and people have never
really dealt with sport before. We featured Netflix earlier on.
They've got this new thing coming up called sprint looking
for the fastest man in the world. Why are they
doing that? Because it's sport? What else are Netflix doing
at the moment? They're paying money and lots of it, millions,

(52:52):
hundreds of millions of dollars to stream NFL football WNBA
numbers out yesterday. This is the Women's basketball in America.
SEID a record viewership for twenty twenty four season, highest
game attendance in twenty six years. They get an average
of four hundred and sixty two thousand viewers per game
these days, highest in twenty six years. Not as much
as the men. Still they're in their twenty eighth season.
But they cut a deal with ABC, ESPN, ESPN, two, CBSWNBA,

(53:16):
Warner Brothers, Discovery this morning, Connections in New Zealand obviously
along the TNT Sports, they've announced that they've done an
exclusive deal stolen it off NBC. They're already upping the
anti on the NBA, the American Basketball. But they've done
a deal this morning with the French Open, as in
the tennis, which we've just been enjoying ten year contract
for sixty five million dollars per year. So they're all

(53:38):
over sport at the moment. What else have they added recently?
They got the National Hockey League, they got the Stanley
Cup on at the moment of course, the NASCAR, the
US SoC at the college football playoffs, and now the
French Open as well. Then also overnight announced Southeby's and
fanatics are joining forces now southebes you know the name
of who are fanatics. Fanatics are sports trading cards. So
they're going to run live online auctions for trading cards

(54:02):
value to more than one hundred thousand dollars. This is
this is genuine business. This is just mucking around in
your garage for five dollars here and ten doll say
this is plus one hundred thousand dollars. First live auction
in September in New York there's a forty eight leaf
seventy nine Jackie Robinson, the only true collector's card of
when he was a rookie. They think that'll go for
about six seven hundred thousand dollars. So they're leaning into
sport as well. So the media is leaning into sport,

(54:24):
the gaming cards, the auction houses are leaning into sport.
Women's sports. Sport is booming. Hence, I bring it back
to the ongoing conversation around rugby in this country. Why
is so much of it booming and other bits and
pieces are not? And then that is your conundrum and
of course a series of questions. Ten away from eight on.

Speaker 3 (54:43):
My Costkill Breakfast with Bailey's Real Estate news Talks be.

Speaker 2 (54:47):
Given away from it, So more insight into working parents
and whether they should be entitled to more sickly So
Frog Recruitment has polled more than seventeen hundred office workers,
nine hundred and sixty nine of which we're working parents
Now found that six hundred and twenty five are coming
to work sick because they've run out of leave, and
forty six percent appearance are using their own sick weave
to stay home with an ill child. Now for Recruitment,
managing director Shannon Barlow is with us. Shannon, very good

(55:08):
morning to you.

Speaker 25 (55:10):
Good morning.

Speaker 2 (55:11):
It's the age old problem, isn't it? And the tricky
thing with a problem is what do you do? Du
do you just hand out more leave? What do you do?

Speaker 10 (55:19):
Yeah?

Speaker 25 (55:19):
I think that businesses just need to be aware of
the impact and particularly with the incoming changes, that some
groups of people might be more affected than others. So definitely,
working parents are more likely to use up the quota of.

Speaker 2 (55:39):
She's gone, you're there, Shannon disappeared off the face of
the earth morning. Mike's so sad that the people only
have a focus on the price, if you'll never about
the quality of service, the safety, the convenience, the cleanliness
of the station. It's interesting you should say that because
I was thinking about that exact same thing yesterday, because
the more recent advice is that you go to the
unmanned stations, and of course that it's fine because it's

(56:01):
cheaper there and stuper there because you don't have to
pay people, and so we're all about the people until
we can save a bit of money. Then suddenly we're
not about the people, aren't we? Shannon, Sorry, we interrupted
you with technical issues. What were you say?

Speaker 22 (56:13):
All good?

Speaker 25 (56:14):
I was just saying that businesses need to be aware
that some groups of people, for example, working parents, are
more likely to use up that quota of sick leaves,
so just to be aware of that. But I don't
think that necessarily you need to issue out more than
the ten days, but to really work together and to

(56:35):
see something that's going to work well for the people
as well as for the business as well.

Speaker 2 (56:40):
It's interesting your numbers nine sixty nine were working parents.
Of that six hundred and twenty five, so let's say
two thirds were coming to work sick because they've run
out of leaves. So that's a lot of leave to
run out because between yourself and your kids. Ten days
is a not unreasonable amount, isn't it?

Speaker 25 (56:56):
Yeah, definitely. But what we saw there that a big
proportion we're using their sick leave to care for kids,
so forty seven percent. So if their children were sick,
I think there were some worries that you know, worth
working from home people would take advantage of that and
they wouldn't really be working, and you know they're spending

(57:18):
more time on caring. But that's obviously not happening. So
they're doing the right thing. They can be trusted, but
it does mean that it's going to eat into that
sick leave entitlement.

Speaker 2 (57:28):
I wonder if the work from home things dissipated it
a little bit, given that you know, there'll be a
number of people who can when they have to work
from home and it's no big deal.

Speaker 25 (57:36):
Yeah, definitely, So I think I was really surprised to
see that the majority, so of that whole group, fifty
percent had only used from zero so no sick days
at all, up to three sick days. So again we're
worried and increasing that entitlement double. No one's ever going
to be at work, but that's definitely not happening, and

(57:57):
that's not being abused, so it is that minority that
eat through the whole ten days. But yeah, it's still
an issue when you've got to be able to care
for your final as well as yourself and make sure
that you're looking after yourself and the others around you
at work.

Speaker 2 (58:16):
Good stuff, Shannam, Nice to talk to you. Shannon Balow,
who's the Frogle recruitment managing director with us this morning.

Speaker 3 (58:21):
MIC.

Speaker 2 (58:21):
Historically pilots flew around storms ahead, did they. This changed
mid to late nineties as craft was stronger and as
a result saves fuel. However, great a chance of wind't you?
Thank you Scott for your insight. Now, Politics Wednesday, A
couple of things for the Minister of Police specifically, but
we'll cover those off. We've got to talk about the poll.
Of course. I haven't raised on this program and I

(58:41):
probably should. This news out yesterday this tunnel, this massive
tunnel they're looking at in Wellington. A million dollars and
counting for consultants, which seems ironic given the last government
got a dreadful bagging for the number of consultants they
hired in the amount of money they spent, so have
been in really changed, Mark Mitchell, Ginny Anderson after.

Speaker 1 (58:57):
The news, which is next to you, demanding the answers
from the decision makers, the Mike Hosking breakfast with Bailey's
real estate altogether better across residential, commercial and rural on
news talks'd be we would.

Speaker 26 (59:12):
Laugh, you'll be quite getting drunk, getting high when we
didn't know we with Cheeth in the dong getting lost
in a song, trying to figure head.

Speaker 2 (59:23):
He's got to send something about him, haven't we? Here
was a theme to forty years after the group's debut.
It comes with a four part documentary, Thank You, good Night,
The bond jo the story and it's the Persons of Surgery.
We sounds a little bit more robust, reviews say than
he used to. So the surgery might be might be
a good sense of refinement suits a group who knows

(59:44):
that they're a little bit older and a little bit
slower than they were forty years ago, but they're grateful
to still be happy doing what they've been doing all
these decades later.

Speaker 3 (59:51):
So that's nice. And Jesus, she has done.

Speaker 2 (59:54):
We will bott seventy it's called for River, twelve tracks,
forty eight figures. It's eight minutes past eight. It is
Wednesday morning. It's time for the politics Wednesday and Ginny Anderson,
along with Mark Mitchell are both with us. Good morning
you two, Good morning. A little overarching, I don't want
you to wademark into police operations, but just just an

(01:00:17):
oversight here on this Maracopa case eighty thousand dollars reward.
First question is how is it possible that this guy can,
with three kids, vanish from police and us all for
such a sustained period of time.

Speaker 13 (01:00:32):
Yeah, I agree with you entirely. I think that, and
you're right. I don't want to get them too much
into operations, but I just find it incredible that he's
been able to elude police for this log. There's probably
a feeling that maybe he's been assisted in help and
getting some help. But obviously the police are ramping things up.
They put a reward out there, now, you know, primarily

(01:00:53):
around the children.

Speaker 2 (01:00:54):
In your experience, do they put rewards out when they're stuck?

Speaker 13 (01:00:59):
Well, the reward because they want to try and generate
more support and more information that comes out of the
community to help police locate her and of course get
the kids speak out. And it can't be good for
them at all, So that's why they've done it.

Speaker 2 (01:01:12):
Now, Jenny, what do your view as former police minister,
when you offer somebody eighty thousand dollars and it may
well be a person who's been assisting this particular criminal,
and you offer potential immunity, do you sit comfortably with
that or does that sit comfortably with you?

Speaker 27 (01:01:28):
It is concerning. Offering potential immunity to prosecution is quite
significant and it's not done often, but when concerns are
really with children, that's a significant amount of time to
be away from other family and it's really concerning regarding
the welfare of those kids. So in my view as
warranted given the fact that these three kids out there,

(01:01:50):
we don't know where they are and we want to
make sure that they're hite okay.

Speaker 2 (01:01:54):
And then the second question for you Mark, once again
not operationally speaking, but when we hear yesterday this dead
baby in Tikawiti, and the dead baby was known previously
to police for having a non accidental injury and yet
while still with the parents, how does that work?

Speaker 13 (01:02:11):
Look Again, again, that is very operational and so that's
an ongoing investigation, so it would be I just cannot
speak to that, I'll be breaking a whole lot of
rules as the Minister of Police. But in a broader sense,
I think that there's still work to be done for
us as a government in terms of making sure that
we've got the legislation and settings right to protect our

(01:02:33):
kids because you know, unfortunately we sort of we're not.
We don't in terms of infant fatalities and injuries. It's
still completely unacceptable in terms of us as a country
and what we're doing with.

Speaker 2 (01:02:45):
Correct but Ginny broadened it out then more than I
mean can do you? Can you explain why a child
would a baby would be injured deliberately and then put
back with the parents who did the injury and not
taken off the pin. How does that work?

Speaker 27 (01:03:02):
It's just heartbreaking every time I read one, I just
I can't you know, I can't see them what it
would would they like?

Speaker 14 (01:03:08):
That?

Speaker 18 (01:03:09):
Is?

Speaker 27 (01:03:10):
That is the role of tomareki to intervene, to assess
risk and make a decision. And it seems like those
seatings still aren't right.

Speaker 2 (01:03:18):
So you're telling me just sorry, Marke, carry on, Well,
I just say.

Speaker 13 (01:03:22):
That in relation to I rang the Tamaraiki with Karen
Chules come under enormous criticism in the last month because
she is putting kids back at the heart of the decisions,
not adults, not family, family, the children. They're making sure
the children are put somewhere where they're safe, and I
think that there hasn't been happening for a while and
she is very focused.

Speaker 16 (01:03:41):
On that outstanding.

Speaker 13 (01:03:44):
Well, well, I'm sorry, Jenny, she is making the changes,
and you guys have been attacking and criticizing her, very
personal attacks, and I think I beg her one hundred percent.

Speaker 11 (01:03:52):
You're doing the right.

Speaker 2 (01:03:53):
Okay, So that's it's slightly political. Just just come back
to this particular case. So you're telling me, Jenny, so
I rang the tamariki going. They know a baby's been
and shured, buy the two people, and then they give
that baby back to those parents, and that's their call
and their call alone.

Speaker 27 (01:04:09):
Well, they will have access to information that I don't know.
There will be a file on that that child, and
there'll be a whole assessment on what the risk is
and how to mitigate that risk, and then a decision
is made whether to leave the child.

Speaker 2 (01:04:23):
With the parents or not.

Speaker 27 (01:04:24):
And it's a big decision to up from their parents.
That's a huge decision to make, and so this is
at the heart of all of these, you know, very
big debates that we have without knowing all the particular
details of the case, but making that choice for the
state to uplift a child is a big one. Well
versus the fatalities relate. The rate of fatalities and deaths

(01:04:44):
homicides of babies that we are seeing is still just
completely unacceptable. And what worries me even more is what
about the ones that lives that have gone through years
and years of physical abuse that then grow up to
be young people. That there's hundreds and hundreds of those
young people in New Zealand. We don't think about those.

Speaker 2 (01:05:02):
Okay, Mark, just briefly before the break of the Matters
Mary Party investigation, do you welcome that? And does something
smell not quite right to you?

Speaker 3 (01:05:11):
Yeah?

Speaker 13 (01:05:11):
I mean I think the Prime Ministers announced that the
Public Service Commission is going to do a much broader
investigation across all the agencies where because you know, it
is very serious, extremely serious in terms of data breaches
and whether or not it's impacted the outcome often elections.
So yes, I do support what he's done. I think
it's very important that we do that. It's important that
the country has got confidence in our processes and systems.

Speaker 2 (01:05:34):
You back at Ginny, it's.

Speaker 27 (01:05:36):
Important they do it. I think you are a lot
of different agencies being involved, so I think it's good
the government has initiated a single independent review.

Speaker 2 (01:05:46):
Bri break more in a Moment, Jenny Anderson, Mark Mitchell
thirteen past.

Speaker 3 (01:05:50):
The Mike Hosking Breakfast.

Speaker 2 (01:05:52):
Sixteen past eight Politics Wednesday, Mark Mitchell, Ginny Anderson once
again an operational question mark. You don't have to delve
into the specifics of it, but broadly speaking, the bus
case in Dunedin where the changes have been laid and
it was announced yesterday the case will go to court
in twenty twenty six. What's going on.

Speaker 13 (01:06:12):
Just we've got a mess a backlog in our courts.
We've got the whole criminal justice system needs a complete
reset in alignment, and that's that's a big part of
the work that we're doing. I agree, it's you know,
justice delayed is justice denied, and we've got to get
the courts fixed.

Speaker 3 (01:06:25):
That's time.

Speaker 2 (01:06:26):
But it's June twenty four, it's a year and a half,
you know, and this is a serious crime. It's not
like you know, it's some sort of scrap between a
couple of millionaires who are bored. This is like, this
is a crime.

Speaker 13 (01:06:38):
I agree with you, but sadly, unfortunately, this is what's
been happening. And you know, I've got as the Corrections Minister,
I've got fifty percent of the population, our coreactians at
the moment are on remand you know it's a disgrace.
We've got to get that fixed. That's why we just
change legislation that we get to keep deliver programs to them.
Why they're on remand because they haven't been getting any
programs up until now. But look, we've got to fix

(01:07:00):
the system without a doubt. We've got to get it
far better aligned with news technology. There's a lot of
things that we can do that can actually help with that.
And there's a lot of going on around that.

Speaker 2 (01:07:10):
Is that a mess you left behind, Genny, not as
police minister but in general and Justice minister.

Speaker 20 (01:07:14):
Well, we had a.

Speaker 27 (01:07:15):
Really good program in place called Reframe, and it's been
not funded.

Speaker 2 (01:07:18):
No no, no, no no. The twenty twenty six. When you're
charged with something serious, it doesn't go to court.

Speaker 27 (01:07:23):
That's the point I'm making is that reframe would produce
better quality evidence at the scene of the crime so
that cases don't fall over when they get to court.
This is still a problem. So the ability to gather
good quality evidence and submit it means a guilty plea
the whole case. It's clean given in so.

Speaker 13 (01:07:45):
Reframe, they got no idea what it means.

Speaker 2 (01:07:47):
Yeah, well, so to do market that's why you did it,
Jinny hold on a simple question. So I get charged
with something yesterday and I'm not going to court until
twenty twenty six. What's that got to do with reframe?

Speaker 27 (01:07:58):
So what would do speed up the court? It's really
said that Mark doesn't understand this, and this is probably.

Speaker 13 (01:08:04):
Why it doesn't speed up, But it would speed up.

Speaker 27 (01:08:06):
The ability for cases to proceed quickly. Sometimes police officers
and victims are appearing in court fifteen or sixteen times
before a case is heard. They're delayed and delayed and delayed,
and having given earlier on good quality speeds up the process.
And it's a real shame that the Minister of Police
and Corrections.

Speaker 13 (01:08:28):
I can assure you, Mike that we're doing real work
around making sure that the courts world Yeah, using things
well or jinny, things like using AVL so instead of
police officers on a Saturday all coming off the street
gets to the court. Can you AVL to do that
one of the court rooms that.

Speaker 27 (01:08:48):
Have can you listen to the room to have the capability.

Speaker 13 (01:08:51):
And it puts and it puts police officers back on street.
We're looking real, sensible and pragmatic solutions that will speed
up our criminal just quick lotles airy, fiery, reframed stuff.

Speaker 2 (01:09:02):
Karen McAnulty, Journey fund Karen McAnulty. And this is for
costly as well. On your side of the equation, Mark
Kieran macinaulty claiming his wife's flat. Can we ever get
to the bottom of expenses or people who want to
bitch about it just going to bitch about it?

Speaker 13 (01:09:16):
Well, And Kieren McNulty just needs to be absolutely transparent
around you know, a piece within the rules and accommodation allows.
I don't know. I haven't seen, to be honest with you,
I haven't been following on tracking. But it's important that
in piece we save the public, we've got to be transparent.
It's text bus money.

Speaker 2 (01:09:34):
So what do you claim? See Ginny, you don't claim anything,
do you? Because you're local okay, so what do you
what do you claim?

Speaker 3 (01:09:40):
Mark?

Speaker 2 (01:09:40):
Do you six hundred and whatever are dollars a week
for a do you? You must own an apartment in Wellington,
mustn't you?

Speaker 3 (01:09:45):
Yes?

Speaker 13 (01:09:45):
Yes, so I have an apartment in Wellington. The first
three years that I was in Wellington in Parliament, I
stayed at the Bolton Hotel, and then I decided to
buy my own plus here so that I eventually leave
a suit at least stuff down yet.

Speaker 2 (01:09:59):
And you claim against that, you claim against the place
you own. Yes, and you can. You're comfortable with that
and their good rules, and that's just the way it is.

Speaker 12 (01:10:08):
Yeah.

Speaker 13 (01:10:08):
Well, I mean if I wasn't doing that, I'd be
spending the same the hotel room.

Speaker 2 (01:10:12):
See, I mean, Jinny, there's no way around this, isn't
I mean? I think mcinaalty's being straight up and down
its houses. And his wife's is in his wife's name,
not his name. He would stay, you know, I mean,
what do we want from MPs? You either travel or
you don't travel, You stay or you don't. Say that
seems sort of stupid.

Speaker 27 (01:10:27):
Well it has had, because you know, you do finish
eleven o'clock plus at night, and if if you're driving
in our forty minutes to get home and you do
back on site at eight am the next morning, and
it's pretty pretty dangerous just to be honest in terms
of you know, if you're going to drive home over
the right attackers at midnight and you beck on d
K eight am. I just don't think that's a realistic expectation.

Speaker 2 (01:10:47):
Now, fair enough to Bolton any good?

Speaker 13 (01:10:49):
Make the Bolton's at standing, the Lovely Hotel.

Speaker 2 (01:10:54):
Very good next time in Wellington Bolton. That is Mark Mitchell,
Ginny Anderson. It is eight twenty two.

Speaker 3 (01:11:00):
Costume Breakfasts with Alfeeder NEWSTALKSV.

Speaker 2 (01:11:04):
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(01:11:49):
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how speaking of EV's funnily enough for talking to chrstper
likes in yesterday the Chinese premiers and the country later
on this week are they'll be talking about the Orchist.
They'll be talking about the CPTPP and the possibility that
China can get into that particular arrangement. But of course

(01:12:11):
they will fail at the hurdle. As has been sort
of politely discussed, some of their trading habits are not
to the like, and this will be played out in
Europe later on this week. They're expecting any day now
for provisional tarists to go on Chinese evs in that
particular part of the world. They think twenty five to
thirty percent, but there's a forty percent probability they're going
to be thirty to fifty percent. So, in other words,

(01:12:32):
the argument is that the Chinese government are tipping money
into the manufacturing side of the equation and making the
cars unrealistically affordable, suspiciously affordable, so affordable that somebody goes, hm,
So I'm not sure you can make a car that cheap,
but anyway, that's the way it's going to be. Somebody
suggested actually the other day that the teriffs would need
to be in excess of fifty percent for the Chinese

(01:12:54):
manufacturers to go geez, that's a bit much. We'll have
to do something about that. And equally, this morning, next
time you buy bananas, think about where your money's going.
The court in the States this morning are Chiquita bananas,
very famous Chiquita bananas. They are liable, according to the
States in the court for financing a Colombian peria military group.
It's the United Self Defense Forces of Colombia. The auc

(01:13:15):
ORC designated by the US as a terrorist organization. A
civil case brought by eight Colombian families whose relatives were
killed by ORC Chiquita have been ordered to pay let
Me do It sixty million and damages to the families.
They intend to appeal, but for now anyway, they've lost
so reputationally. Not good for bananas this morning. I wouldn't

(01:13:39):
have thought Steve Price across the Tasman after the News,
which is next on the Mike Hosking.

Speaker 1 (01:13:44):
Wreckst your trusted source for news and use the Mic
Hosking Breakfast with Avida Live the age you feel news

(01:14:06):
talk said be you.

Speaker 2 (01:14:07):
Hadn't caught up with the Chestnut story and the sports
news this morning. Joey Chestnuts been banned from the Nathan
hot Dog eating contest that we cover every year July
the fourth. It's one of those stories that just floats
around annually. He's won it for sixteen years, was going
for a seventeenth anyway. What I didn't know Nathan's is
a brand of hot dog. He's gone to another hot
dog company. He was paid two hundred thousand dollars just

(01:14:27):
front up right each year. So if you think about it,
that's all you needed in life, and two hundred thousand
dollars many people as very good salary. All you need
to do is literally front up once a year and
that was it practice during the year. Short warmed yourself up,
stuff like that. But there's your salary for the year.
And he was offered over a longer term deal. I
think it was for teen years one point two million
as well. So there's money to be made in gluttony.

(01:14:49):
So he's anyway, he's not in and he's gone off
to some other place and they're going to put stick
it on Netflix, is what I's been telling you before.

Speaker 3 (01:14:55):
Support.

Speaker 2 (01:14:56):
Everyone's into sport. They cannot get at sport. It's sport, sport,
it's sport. Twenty two minutes away from.

Speaker 21 (01:15:03):
Nine international correspondence with endsit eye insurance, peace of mind
for New Zealand business.

Speaker 2 (01:15:09):
Right and stay past morning to you.

Speaker 12 (01:15:12):
It'spring of sport. I watched a Netflix documentary on the
invasion of Wembley during the twenty twenty euro Cup Final,
which is well worth a look.

Speaker 3 (01:15:21):
Unbelievable.

Speaker 2 (01:15:22):
All right, well, I shall look it up. This Dutton thing.
It's funny. You should mention this because I won't bore
you witless. But we've got the whole what we call
the emissions trading scheme. We've had an argument over whether
agriculture is going to be part of it. If they
are going to be part of it, how do we
price methane YadA, YadA, YadA, all part of Paris, and
whether or not we're ever going to reach the target.
And I think you are right because you called it early.

(01:15:43):
Dutton's onto something with this because I think that the
chances of people believing we're going to get there is
diminishing by the day, isn't it.

Speaker 12 (01:15:54):
And Peter Dutton has now set us up for a
climate war election. There's no doubt that he came out
at the weekend and then again yesterday. What he's basically
said is, look, you can stay signed up to Paris.
You can talk about twenty fifty and net zero by then. Okay,
I know that my previous government signed this, but as
for twenty thirty, you can forget it. You're not going

(01:16:16):
to get there. So why do we keep trying to
bash the economy to get to reach a target that
we're never going to achieve? And so that immediately triggered
a second day in a row media conference from the
Prime Minister Anthony Albanezi. He initially came out to talk
about what we'll speak about next is the Chinese premier visiting,
but he quickly turned on Dutton and he has started

(01:16:40):
to try and rip apart Dutton's climate change credentials. He's
basically saying that Dutton's going to ruin the world and
it's all dreadful. But Peter Dutton simply said, look, you
can please all the people you like in Paris, that's fine,
but I'm going to take care of people at home now.
If that's not a powerful election message, basically, when the

(01:17:01):
strate is in a recession and people can't afford to
put food on the table and their power bills through
the roof, I don't know what is. And this is
aimed interestingly at outer suburban seats that the Coalition needs
to win off labor, which don't have great margins that
surround the cities of Brisbane, Sydney and Melbourne. It's a
pretty basic political strategy. But if he can pull it off,

(01:17:25):
he's a genius. If he doesn't, and Albanezi will fight
all the way to the election. So this blokes at
climate criminal. Then he's not going to win. But you've
now got a choice. Now you can back potentially nuclear
down the road and reality in the meantime, or you
can go for lots of wind turbines and solar panels
and hope that you get some target that's going to

(01:17:47):
please somebody not here.

Speaker 2 (01:17:48):
See, he's got an increasingly good suite of ite. And
so you got your nuclear, you've got your climate, you've
got the cock up of the government, and all the
people have been let out of jail, and then you've
got the cost of living crisis going on. Between all
of that, you should be able to package up something
in a campaign that points to the government not being
very good.

Speaker 12 (01:18:08):
Yes, and you won't get The Reserve Bank won't cut
interest rates in Australia until next year. Most economists are
saying the first quarter of twenty twenty five. So if
Anthony Albneasy, as I'm increasingly GUESSINGSN decides to go to
an election, probably in early December, then there won't be
a rate cut. So you've got the thirteen interest rate

(01:18:28):
rises in the row as well as ammunition.

Speaker 2 (01:18:32):
A Chinese premier coming here going there. I mean, jeez,
what a contrast in terms of relationship given Barley and
wine and beef and Morrison and COVID and all that
sort of stuff.

Speaker 12 (01:18:44):
Yeah, look, I mean Anthony Aberneze is very pleased that
the Chinese premier is coming.

Speaker 13 (01:18:48):
He's only here for a few days.

Speaker 12 (01:18:50):
Interesting itinery he's going to Camber obviously have a state
dinner with Anthony albit Easy at Parliament House in the
Great Hall.

Speaker 3 (01:18:57):
While he's here.

Speaker 12 (01:18:59):
But the other player as he's going and not Melbourne,
not Sydney. He's going to Adelaide and going to Perth
now as a former Adelaide and I can only presume
he's going to go there and talk to the state
coming about those pandas. Did you know we had Chinese
pandas and the Adelaide zoo that have never been able
to procreate. They're on loan and there's been some great
fear that the Chinese want to come and get them back.

Speaker 13 (01:19:21):
I presume with.

Speaker 12 (01:19:23):
Premier League going to Adelaide, he's going to say, oh,
no notice, you can keep your pandas, but we want
your lobsters. Because South Australia is a huge producer of lobsters,
which have been banned in China, so they open the
lobsters up. Then he goes to Perth. Why would a
Chinese politician.

Speaker 3 (01:19:38):
Go to Wa.

Speaker 12 (01:19:39):
Well, he's going to go and see the trains and
ships full of iron or that keep pouring out of
Wa to go to the Chinese steel works.

Speaker 2 (01:19:46):
That's why exactly all right now the fourteen yard gee
Melbourne such a classy place. So you've got the fourteen
year old on a crime spree after being bailed.

Speaker 12 (01:19:55):
He's one of the worst child offenders. Three hundred and
eighty eight charges have been struck out because of his
age because in under new laws in this state, it
can't be a criminal at fourteen. His latest spree listen
to their six burglaries in six hours, stole a woman's
car at nine point, broke into a couple's home as
their baby slept. This bloke or this teenager his escaped

(01:20:16):
from residential care twenty three times since December, accused of
being among a group that smashed into booze and lotto
shops with a sledgehammer. Police stopped the stolen car then
found a sledgehammer inside. The boy, who has extremely limited
moral reasoning according to the court, as well connected sort

(01:20:39):
bail again in April. Here's the zinger. The magistrate refused
his most recent bail. We'd heard the team who is
on a refugee visa had already committed three hundred and
eighty eight criminal charges since May.

Speaker 2 (01:20:53):
So what do you do with them? If you can't
charge them or will block them up, what do you
do with them? Obviously get them out.

Speaker 12 (01:20:59):
Hope you lock your door and he doesn't turn up
at your place. And it's just ridiculous. He can't be
held criminally responsible.

Speaker 2 (01:21:06):
It's just crazy amazing. All right, might go, We'll see
next week. Steve Price out of Australia. Who cares Mike
about the Paris Agreement. It's non binding. Well, a lot
of people care about it. That's the point, and that's
why it's so political a lot of people. It's non binding.
Of course, it's non binding. The EU election results show
people rebelling on unreasonable policy. That point was made earlier
on in the program, and I think there's something in it.
I think you can take a broad based idea thrash

(01:21:29):
it so hard in the interim period it becomes clearly unrealistic.
And we're talking about the farmers and the emissions, and
you're talking about the renewable energy that doesn't work in
the cold winter mornings and all those sort of things,
and as it becomes increasingly unrealistic, you think, well, what's
the point. How much damage do we do with the economy.
Dutton appears to have worked that out and it seems
to be milking it for all it's worth eight forty

(01:21:50):
five the costly racers just last night speaking of renewables.
Last night on a current affair in Australia, about three
and a half million Australians had the solar on their roof.
They received money from the power companies. That's all about
to change. It's calling a sun tax, or what they're
calling a sun tax. The power companies are soon going
to I've told you about this on the program before,
but Channel nine just caught up with the last night,

(01:22:11):
which is ironic given there there and I'm here. But nevertheless,
the power companies are going to charge you now. So
if you remember back to the original argument, will subsidize
you into solar power. And the good thing is that
you can take that solar power and you can give
it back to the network and the network will pay
you money for it and you think, oh, how fantastic
is this. Well, all of that happened till it didn't.
And so what happened to so many people went and

(01:22:32):
got solar panels, which is fantastic if that's what you
want to do, But then that disrupted the market to
such an extent that the power companies thought, hold on,
we can't afford to be paying people for this because
we're not selling enough power anymore. Because we're not we
don't have enough customers because they've all gone and got
solar panels. So I'll tell you what we'll do. I know,
we'll charge the customers. Marcus, who was on it last

(01:22:52):
night on the television program, it's ridiculous now that they
encouraged you to do solo for fifteen years and now
they're going to smack us and we can't export it anymore.
So Marcus should have read the fine print thought it through.

Speaker 14 (01:23:03):
Before he actually, I mean, it's only on sunny days
that there happens.

Speaker 2 (01:23:06):
It's exactly, there are sunny days in Australia and there
we come to Taiwan. Three major outages power in the
last seven years, slew of smaller disruptions in the past year,
they'reinto an electricity what they're calling a crunch. Taiwan relies
on imports for over ninety seven percent of their energy needs.
Mainly it's coal, mainly its gas. Here's the problem with it.

(01:23:26):
So in twenty twenty two there were three hundred and
thirteen think about how many days in the year. There
were three hundred and thirteen power outage incidents. Big one
last year affected five million households. Another big one in
twenty seventeen affected seven million households. Aging grid, and what
are they that's important when it comes to power. They
are the world's biggest semiconductor powerhouse, so they make more semiconductors.

(01:23:48):
But you need power to make semiconductors, and a lot
of it. So they run this weird system. I didn't
realize this part. So they've got an aging grid that's
bad enough, and as a result of Taiwant's underpriced electricity
bills drives demand and leads to supply shortfalls. In other words,
they make electricity super cheap, so you use more often.
They can't produce more. They recently hike their electricity rates
by fifteen percent for large industrial users made no difference.

(01:24:11):
The Taiwan Power Company or Thaie Power have been racking
up losses for years. Their reported pre tax loss just
last year was six point three billion dollars losing money,
and the year before it was even bigger. So the
provider loses money. They haven't got enough power. They bring

(01:24:31):
all the coal and the gas in to make the power,
the power goes out and the world's relying on them
to make semiconductors.

Speaker 14 (01:24:38):
So what we need to do is pair them up
with the Australian people who've got solar panels on their roof.

Speaker 2 (01:24:43):
If we can give themselves solar panel from Kuba PD
to Taiwan, match made in Electricity Heaven nine to nine.

Speaker 3 (01:24:53):
The Mike Cosking Breakfast where the Januar news to b.

Speaker 2 (01:24:58):
Becoming a totalitarian state. It's my great sadness around Hong Kong.
Somebody text me last time I raised this on the program,
when I suggested that Hong Kong was being ruined by
the Chinese. They textas said, you don't notice, I'm not
sure that's true. British judge is resigned overnight from Hong
Kong's highest court warned the city you're slowly becoming a
totalitarian state. They're becoming compromised by an impossible political environment

(01:25:21):
created by a China This guy called Lord Sumpton. He's
the third senior foreign judge in the past week resigned
from the Court of Final Appeal. Problem in Hong Kong
has been building up over the last four years, and
I think all the judges on the court feel concerned
about this. How to ruin a place in one easy
lesson used to be a martyr space I'm just not
convinced it is any more. Five minutes away from nine.

Speaker 21 (01:25:43):
Trending now West Warehouse for the whole of big brand skincare.

Speaker 2 (01:25:48):
Now, this is interesting because a bit of being made
about this this morning, and it goes to the I
suppose the complexity of the news cycle. So this is
Kevin Spacey. He's appeared with I think he's on Twitter
these days, Xisney Morgan keeping it with pers Morgan on
YouTube of course YouTube and X because he was on
wherever he was and he's quit and moved on to
them on the internet. He's admitted in the interview that

(01:26:11):
he did, in fact get too handsy. Now that's not new,
and I know the Herald headline this morning is saying
shock interview confession. It's not a shock at all unless
he's saying something I haven't heard before. But he's freely
admitted he was too handsy before touch someone sexually when
they didn't want him to. He's been acquitted on all
these charges. But he's talking about when the allegations are
first thrown at you in twenty seventeen, the bill's quickly

(01:26:33):
wracked up.

Speaker 12 (01:26:34):
Where'd you live?

Speaker 28 (01:26:35):
No, Well, it's funny you asked that question, because this
week where I have been living in Baltimore is being
foreclosed on. My house is being sold at auction. Really,

(01:26:55):
so I have to go back to Baltimore and put
on my things in storage. Why is it being foreclosed
because I can't pay the bills that I owe? How
much money do you have?

Speaker 3 (01:27:07):
None? I still owe a lot of legal bills.

Speaker 2 (01:27:12):
Do you mind me asking how much you are?

Speaker 3 (01:27:13):
Millions? Many millions?

Speaker 7 (01:27:15):
Yes?

Speaker 9 (01:27:16):
What are you going to do?

Speaker 3 (01:27:18):
Get back on the horse.

Speaker 2 (01:27:20):
See that's the interesting thing about the whole Kevin Spacey
story if you followed it, and you should, because I
have been going on for a good number of years now,
and at some point you've got to feel, at least
in part sorry for him. If for no other reason.
No one's stuck a thing on him. There have been
any number of allegations and nothing has stuck. And when
nothing sticks, what's the artworking of it? And the artworking

(01:27:43):
is his life is ruined. So it seems very easy
to go, yeah, he did this, he did that, he
did the next thing from what I and I don't
know the guy from a bar, reside from what I've done.
In all my reading of it, he was clearly an overt, flirtatious,
probably at times repugnant operator in social settings. But that

(01:28:04):
doesn't make you a criminal, but it would appear now
he's seen as a criminal. The fact that he's not
been found guilty of anything anywhere doesn't seem to matter
to anybody, and his life's tipped up. And so now
there's a movement in Hollywood where a number of people
are getting on board and saying, we'll hold on. If
you've got nothing and there is no criminal conviction, then maybe,
you know, we want to give him a break, and
if he wants to work, he should be able to

(01:28:24):
get back to work and do some stuff. It's far
from over, too, is the other interesting thing about that.
Back tomorrow morning, there's always Happy Days.

Speaker 1 (01:28:39):
For more from the mic Asking Breakfast, listen live to
news talks it'd be from six am weekdays, or follow
the podcast on iHeartRadio

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