Full Show Podcast: 12 May 2026

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
No fluff, just facts and fierce debate. The my Hosking
Breakfast with Defender embraced the impossible news talks.

Speaker 2 (00:08):
Head be you welcome today the fuel plan will never
use the Murray MP who will vanish in front of
your eyes. New insight into how big that bank of
Mum and Dad is in the housing market. Shane feel
and West Life in for a word for the twenty
fifth anniversary after right, Catherine Field and France rodd Is
in the UK Husky Welcome to the day. Seven past six.

(00:30):
The Environment Selects Committee has been looking at folding the
Environment Ministry into a much larger superministry. Right, So the
committee has listened to a small bunch of submissions, most
of whom didn't like the idea. Obviously, they've concluded it
should be merged and that the decision is due back
into Parliament to date. Now this is a very good
sign because one of the things that Singapore does well
is not run the place with large swathes of government departments.

(00:51):
Our cabinet is too large, there are too many ministries,
there are too many government workers. You know. I do
wonder if, in their quiet moments, the government doesn't regret
that big prompt they made during the last election. They
were going to reshape the public sector. Remember all of that,
because what they promised and what they did, of course,
were two very very different things. Public service had exploded
under Labour into the high sixties. By that, I mean

(01:11):
sixty thousand actually is heading towards seventy thousand. They managed
to cut two as in thousand and if you read
the job adds these days, a lot of them to
this day remain in what appears to be a public
sector on a growth path. If any of that was
leading us anywhere, maybe we could get on board, but
clearly it isn't. The Labour and Green members of that
Select Committee, by the way, they're of course ropeable, but
sadly they're ropable for the wrong reasons because they mistake

(01:34):
a minister and pencil pushes as somehow connected to the
fresh air and walking tracks of the environment. See. I
think most of us like the environment, but we don't
need an army in Wellington overseeing it via emails and meetings.
Singapore has a handful of superministry. And here's the thing
about Singapore. You can't argue with it. Small island nation,
five million people, they're booming, they're doing it right. Their

(01:55):
model works. They are the envy of most small island nations,
including forty three government departments and ministries in this country,
forty three in Singapore, sixteen eighty one portfolios in New
Zealand in Singapore sixteen Who do you reckon? Has it right?

Speaker 1 (02:16):
News of the world in ninety seconds?

Speaker 3 (02:18):
Now?

Speaker 2 (02:18):
The thing this morning is things that aren't going anywhere.
Example one, Kyo Stamer.

Speaker 4 (02:24):
The election results last week were tough, very tough. We
lost some brilliant labor representatives. That hurts, and it should hurt.
I get it, and I take responsibility.

Speaker 2 (02:40):
He wasn't finished.

Speaker 4 (02:41):
Question whether if the government constantly changes it's leadership, the
question of that damages the country is not an academic question.
We tested it to destruction and the last government and
labor dom will never be forgiven if we repeat that.

Speaker 2 (02:57):
Uh coup came to nothing. He's got about fifty eight
telling this morning as we can means going up as
we speak. When I brought work it was forty five.
It's not up to fifty eight telling him to buger off.
But that's it basically, so that it can, by the ways,
put the boot in.

Speaker 5 (03:08):
I think the results last Thursday were awful. People in
London and across the country voted in July twenty four
for change, and we've not seen the change insufficient scale
that people voted for. I'm not somebody calling for a
change in leadership, but I'm calling for a change in
the pace of delivery.

Speaker 2 (03:26):
Also, I'm not going anywhere this morning. Is the Iron
War pace deel, which please has all been of Israel.

Speaker 6 (03:31):
I think it accomplished a great deal, but it's not
over because there's still nuclear material, enrich uranium that has
to be taken out of Iran. There is still enrichment
sites that have to be dismantled. Now we've degraded a
lot of it, but all that is still there.

Speaker 2 (03:47):
Trump's full of blaster.

Speaker 7 (03:49):
I say it to them, I say, you people are crazy.

Speaker 8 (03:52):
I deal with them.

Speaker 7 (03:54):
They talk differently. I say you're crazy, you're crazy people,
you're nuts. You're not having an earlier way.

Speaker 9 (04:00):
They think they can totally into it, and then I'm.

Speaker 7 (04:04):
Doing very well with it.

Speaker 2 (04:05):
He would have wanted all this sort it, of course
before China this week, which hasn't happened.

Speaker 7 (04:09):
Have a great relationship with the presidency. We're doing a
lot of business, but it's smart business. We used to
be taking advantage of for years with our previous president.
So now we're doing.

Speaker 10 (04:19):
Great with China.

Speaker 7 (04:20):
We make a lot of money with China. Look, I
respect him a lot, and hopefully he respects me.

Speaker 2 (04:26):
Breaking news, it's gone to fifty nine. See how fast
it's moving. Finally, the bloke charge with the attempted assassination
at the White House corresponds. Then a couple of weeks ago,
he's played not guilty. There are four charges. His lawyers
are trying, by the way, to get the attorney for
DC Piro off the case, along with ag Blanche off
the case as well. So News of the World in
ninety couple the headlines which give you an indication of

(04:46):
how much trouble Trump is. Then Trump is snook it
walking away, maybe the least worst option. Another headline, Trump
heads to China week and embarrassed. Trump and the Congressional
Republicans are also floating this morning the possile ability of
killing the federal gas tax because she's creeping past fort
dollars fifty a gallon on average, so they know they
are in big trouble. Twelve past six.

Speaker 1 (05:10):
The Mike asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks Eppy.

Speaker 2 (05:18):
The other thing Karen said was he needs to be
boulder and braver and he should join or rejoin the EU.
One thing Starmer did mention, by the way, he's nationalizing
or renationalizing British steel. You remember the story from last
year that's Scunthorpe Steel Works, Chinese owned it all turned
to you know, you know what anyway, So he's renationalized
British steel. More from Rod Little, of course after eight

(05:39):
thirty this morning, fifteen past Oh it's money, I'm sure
in partner's Andrew callaher good morning, very good morning, Mike.
China going to be a big talking point this week
because of course Trump's on his way in a couple
of days, and so the world's focus is going to
be on that. Where are they at?

Speaker 11 (05:54):
Yes, so in the absence of definitive information on the
ceasefire and how exactly this conflict comes from a do
Mike have definitive data on some of the impacts, And
the key one is inflation, and I want.

Speaker 2 (06:05):
To talk about I want to talk about China inflation.

Speaker 11 (06:07):
So us CPI inflation that's been released our time tonight,
we get our partial reads on Friday. And in the
US economy, although they're calling it still looks reasonably resilient
but sneaky old inflation could spoil the party. But we
can certainly confirm that there are global inflation pressures when
China actually records some inflation, in particular what we sort

(06:31):
of term business inflation or factory inflation. The technical term
is PPI inflation. Now, Mike, I've brought this up from
time to time when we've been talking because the PPI
inflation in China has been negative and it's been going down.
They've had deflation for almost four years. I mean, it's
really quite remarkable. It did tick up marginally positively in

(06:51):
March zero point five percent on year and year basis,
But the latest numbers released yesterday and this and after
this sort of remarkable run of deay inflation, we got
to print off two point eight percent, which doesn't sound
very much, but when you've had four years of it
going down, it is fairly consequential. So consensus estimates were
one point eight percent, so it's well ahead of expectations.
So factory prices in China are now running at their

(07:14):
highest rate of inflation since the COVID pandemic. Pushing costs
up importantly is putting profits in China under pressure. They're
under pressure because the demand environment China is still pretty soggy.
The economy is still battling difficult property markets and relatively
low levels of growth, so they can't pass on these
cost increases or it's tricky to do it, and that's
almost a global problem. CPI inflation came out as well,

(07:37):
also surprised to the upside one point two percent, which
looks pretty benign, doesn't it compared to what we think
we're going to see in New Zealand and Australia.

Speaker 10 (07:45):
And look, the Middle East.

Speaker 11 (07:46):
Conflict is the problem. Actual CPI inflation in China heading
up despite the fact that they had a really big
slump in food prices.

Speaker 2 (07:54):
And yeah, you're right, Mike.

Speaker 11 (07:55):
The timing of these sorts of announcement around the Chinese
economy important because of the big mean this week between
Trump and and Jesi and Ping, we'd expect some sort
of announcements. And look, one of the key factors behind
these factory inflation going up is MICS commodity prices and
ye That's what I was going to.

Speaker 2 (08:12):
Talk about exactly. So commodity, well, good for us because
we like commodity prices and we earn a bit of
money from them. But of course the flip side of
that is the war and how it all flows through.

Speaker 11 (08:21):
Yeah, So I'm on a bit of a roadshow mic
around the country over the next few weeks, getting out
and about talking to people, and we tend to be
very focused on oil. That's the primary sort of impact
of the middle is conflict, but it's not the only one.
And there's been a broad based lift in commodity prices.
So if I look at the Bloomberg commodity price and
it's a couple of days ago it hit an all
time high, come back a little bit, but since since

(08:44):
the beginning of the year, it's up about thirty percent.
Now these are key inputs into manufacturing. In the last
year it's up over forty percent. So outside of all
you're talking about things like copper, soybeans, aluminium, zinc, nickel.
The thing is, when you talk to these manuf and
I've been out and out chatting to them, they're basically
saying that we haven't necessarily seen the impact of this

(09:06):
yet because manufacturers in some cases still working through their
existing cheaper inventory. But the thing is, this is a
little bit like Game of Thrones. You know, winter is coming.
These price hikes are coming. It was evident in the
recent as business outlook. So it's another reason why this
sort of why I'm actually a little bit worried, Mike
about the fact that we now have this stalemate in

(09:27):
the Middle East, because the stalemate will linger. And while
it's lingering, that key sort of determinant of whether this
thing is over or not, which is are there ships
moving through the strait?

Speaker 10 (09:37):
Well, the fact of the matter is they aren't.

Speaker 2 (09:39):
Yeah, no, And that's why I think increasingly people are
looking to China later this week that they may come
up with something. But we'll see what happens.

Speaker 11 (09:46):
What are the numbers, So, despite all this sheer, markets
continue to sort of grind higher, which is a positive
thing for everyone out there. The Dow Jones is up
one hundred and thirteen point zero point two three forty nine,
seven hundred and twenty two, the S and P five
hundred up point four percent overnight twenty nine points seven
four to two seven, and the NASDA cup point three
percent eighty one points twenty.

Speaker 10 (10:07):
Six thousand, three hundred and twenty eight.

Speaker 11 (10:09):
The forts one hundred overnight, ignoring the old political dramas,
that was up point thirty six percent ten thousand, two
hundred and sixty nine, the nik foul two hundred ninety
five points just under half percent sixty two thousand, four
hundred and seventeen. The Chinese market was up just over
one percent four to two two five the close there
on the Shanghai composite. The Aussi's yesterday lost point four

(10:30):
nine percent on the A six two hundred forty two
points eight seven oh one that closed there the ends
the next fifty up thirty five points yes day point
two seven percent thirteen thousand, two hundred and ten.

Speaker 8 (10:41):
The Kiwi dollar stable.

Speaker 11 (10:42):
Overnight night point five nine sixty six against the US
point eight triple two against the Australian dollar, point five
oh sixty four euros point four to three, seven to
two against the pound, ninety three point seventy two Japanese
en gold four thousand, seven hundred and twenty five dollars,
and the Brank applies not really liking the fact that
Trump says the ceasefires on life support it's sitting at

(11:05):
one hundred and four dollars and twenty six cents.

Speaker 2 (11:07):
Have a good one. Andrew Keller has show and partners.
Ask Airbnb internationally. There's a couple of cancelations in there
because of the war. This is globally speaking, of course,
but they think the feef for World Cup's going to
go gangbusters for them. Revenue at two point six eight billion,
revenues up eighteen percent, so people still love the Airbnb.
The Yeely, which is not a big name in this country,
but it should because they're on the west coast of

(11:28):
the South Island. They got the Westland milk, they got
the oceany a dairy easy Yo all at that anyway,
they're going gangbusters, such as the dairy story. At the moment,
revenues up fourteen percent. The pre tax profit has gone
up threefold, so the coast will be celebrating six twenty one.
Herod News Talks.

Speaker 1 (11:43):
Edbo The Mike Hosking Breakfast a full show podcast on
iHeartRadio powered by News Talks EDB.

Speaker 2 (11:55):
See the fascinating thing for me on Trump is he
thick because he stopped the what was it called Project
Operation Hope and Glory or whatever that thing was. He
was going to get all the ships out of the strait,
and he stopped it the other day after a day
because of the remarkable progress being made in the peace talks,
which was clearly boxed. It was going nowhere. So now

(12:15):
he's stuck. What's he do? Does he start that up again?
Because you've got humanitarian issues and you've got a couple
of thousand ships in the straight and that problem hasn't
gone away. It's clear that Iran is happy. He can't
go back bombing. The war's over. He can't bomb because
already bombed, they're bombed. He can't flatten something that's already flat,
and so there is you're next issue. So he's stuck.

(12:36):
So he may well end up needing she which will
be highly embarrassing, won't it.

Speaker 1 (12:40):
Sex twenty five trending now with themis Warehouse, the real
House of Frequencies.

Speaker 2 (12:46):
Now Matthew McConaughey's enjoying a bit of oscar buzz. The
rival it's called the Rivals of Amsa King. It's a
father daughter foster daughter caught up in a crime ring
involving bees and honey.

Speaker 6 (13:00):
I've been a lot of how theft.

Speaker 2 (13:02):
It doesn't look good.

Speaker 3 (13:03):
If you really want to ruin someone's life, you take
away everything.

Speaker 10 (13:09):
I would be careful poking around in this business.

Speaker 2 (13:12):
There's not full of kind people.

Speaker 12 (13:16):
This isn't just theft.

Speaker 2 (13:18):
There's a design cruelty to this someone everything.

Speaker 13 (13:23):
He built and took it all away, and I'm gonna
find them and I'm gonna take it all back.

Speaker 10 (13:33):
I'm just stealing back some mine.

Speaker 2 (13:35):
I know the weather, I know the bees, I know
the point where anyone else would give up, and I won't.
Are we getting paid for this? So McConaughey, Bill Russell
A Gusta's first film, four McConaughey in six years. It
actually debuted it south By Southwest of Facetible back in
March of last year, but it then got some distribution issues,
so that got delight several times. Finally got limited release

(13:57):
of August fourteen, then full fee to roll out August
twenty one. McConaughey, Angeline looking Glass who plays his daughter,
and the director are all expected apparently to get some
Oscar nods. Meantime related matters, Nintendo This Morning, You've got
problems because they their outlook in reporting season, lower sales
coming for switch to apparently driven by the price rises,

(14:18):
so you can't just pass the price on. It's not
working for them, and they've got higher memory costs of course,
because everyone wants chips and memories and the world short
of it. Meantime, Savannah Guthrie, she's gonna host Wordle. They're
gonna put Wordle on the telly. They're gonna make Wordle
of television. Chow. I don't know whether that works or not.
I don't use what Katie's obsessed with wordle, but I
don't think she'd watch it as a television program. I

(14:38):
think she sits down and goes, oh, I might do
the wordle. And that's the beginning, the middle of the end. Anyway,
they film at Manchester and they're gonna show it in
the US and the UK. Right phrase one, two, three
and four. This whole fuel planned thing. Shane Jones on
this for you after the news, which is next news
talks 'd.

Speaker 1 (14:54):
Be asking the questions others won't the mic asking Breakfast
with Bailey's real estate one hundred percent key we owned
and operated US togs HEADBS.

Speaker 2 (15:06):
We're up to sixty in Britain. He needs eighty two
or he doesn't need eighty two. He's hoping they don't
get eighty two. And anyway, we'll give you more on
the Star situation. Meantime in France, five French nationals on
the Hunter Irish ship are back in France and isolation.
So Catherine with all of that shortly meantime at twenty
three minutes away from seven we got yesterday. The government
plan will likely never use. It's the reshaped Phase four

(15:27):
or four phase plan. The thinking of it all goes
pear shaped in a run and we run out of petrol. Basically.
Shane Jones as the Associate Minister for Energy and he's
back with us morning.

Speaker 13 (15:38):
Yeah, good, eight morning.

Speaker 2 (15:39):
I would be surprised if we ever get out of
Phase one. Is that fair or not?

Speaker 14 (15:44):
Yeah.

Speaker 13 (15:44):
Look, it's a very very dim prospect and low possibility
that we're ever going to get into Phase four. The
PM recently came back from Singapore. You can see that
there's a strong prospect that they'll work with us to
avoid their possibility. Of course, we've got Labour and the
various other benches on the other side of the House
trying to catastrophize it. But we want to show to

(16:05):
the business and various other stakeholders that we've been proactive.

Speaker 2 (16:09):
Okay, the role of what you also announced which largely
got forgotten yesterday, that deal with Marsden and the storage
of the diesel that's real, that's go. What sort of
difference will that make?

Speaker 13 (16:19):
Well in the event we do strike a dangerous patch,
then we've got additional fuel in country that can be
made available on a staggered, managed basis. So it gives
the confidence to the lifeline of the economy, the users
of diesel that it's actually here. But look, I have
to stress, at no point have we ever been told

(16:41):
by the importers that they're going to violate their statutory obligations,
that they are struggling to bring fuel to New Zealand.
They do remind us that the price is likely to climb,
but we have a good reputation of paying our bills internationally.

Speaker 2 (16:58):
So what we've worked out out of the so far
is that the world has readjusted itself in terms of supply.
They've gone to other places, They've got it. The problem
to it agreed, not ideal, is solved, isn't it.

Speaker 13 (17:11):
We chew through about fifty eight million barrels of oil
per year up in the refineries they create about six
million barrels even with a bit of degradation per day. Mate,
we're between ten and fourteen days worth of supply in
terms of the capacity of the refineries that deal.

Speaker 8 (17:34):
With the KIWIS.

Speaker 13 (17:36):
So yes, there will be the shrill voices people demanding
that we reprise and duplicate the recklessness of COVID.

Speaker 8 (17:44):
We're never ever going to do that. We're not going
to move people around.

Speaker 13 (17:46):
We're not going to blake downtown Auckland with these COVID
refugees that never ever move, just because people are worried
about fuel security when there is really at this stage
other than price bugger or to worry about.

Speaker 2 (17:59):
Well, so appreciate at Shane Jones, Associate Minister of Energy.
Price is the other thing, because it dense demand, of course,
and so we got to the farcical point yesterday in
the press conference where we got up to level four
and there were going to be some curtailing of what
was for sale and you could go from one station
to another. The media you couldn't handle it. Their minds
were blown and out came the questions and it was

(18:19):
like COVID vibes all over again. Mike, can you explain
to me, like I'm Freddy, this MMP with the Mari
Party and the Labor Party, whether it's good for labor
or national What an excellent question. I'll come to that
shortly twenty two.

Speaker 1 (18:32):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks AP.

Speaker 2 (18:39):
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tasking starmer. I mean, here's here's who he's blaming.

Speaker 4 (19:44):
Now, want to remind you what Nigel Frage said about Brexit.
He said everyone made us richer. Wrong, it made us poorer.
He said it would reduce migration. Wrong, migration went through
the room. He said it would make us more secure.
Wrong again, it made us weaker. He took Breton throw

(20:07):
ride and I like the Tories actually or at least
had to face up to it. He just fled the scene.
And now he'll talk about almost anything other than the
consequences of the one policy he actually delivered. Because he's
not just a grifta.

Speaker 10 (20:24):
He is a.

Speaker 15 (20:25):
Chanceller international correspondence with Insigneye Insurance, peace of mind for
New Zealand business.

Speaker 2 (20:31):
It cants ride with me. It's not exactly Winston Churchill anyway,
and France, Catherine Field, morning.

Speaker 12 (20:35):
To you, Good morning mine.

Speaker 2 (20:37):
So the head of virus ship and the BEG just
generally the level of angst around this whole virus thing
in France. What's you read on them?

Speaker 16 (20:48):
You can tell that the government realizes that basick Joe
Blogs is concerned memories of COVID, of habits spread very quickly.
Of your case consent, it is still there. So they're
giving out a lot of information very quickly, along with
the European Center for Disease Prevention and Control. Essentially they

(21:10):
keep pushing this message this is not COVID. Yes, it
is a rare and often deadly respiratory disease, but it
is and it's being treated with the same level of caution.
But that really is still not managing to dampen it
all down. And of course in the last couple of
hours we've heard more about this one French national who

(21:31):
was repatriated on that flight.

Speaker 12 (21:33):
She's an ICU.

Speaker 16 (21:35):
Her condition worsened considerably during that flight. Now, the reason
they're taking this seriously is they say usually it takes
a long time for the symptoms to develop, sometimes three
to four days. They say that this particular woman had
happened very suddenly, so that's why they're taking it very seriously.
Those five nationals will remain in a specialized hospital north

(21:57):
of Paris for fifteen days.

Speaker 12 (21:59):
The government has put in place new.

Speaker 16 (22:01):
Laws that met or decrees that mean that they can
keep people there up to forty two days, So that's
kind of what they're doing. They are sort of hoping
that everything's under control, that by not letting these people
out away from those specialized hospital wards for that period
of time and that there will be no more cases,

(22:22):
that will calm everyone down.

Speaker 2 (22:23):
Well, let's hope, Sir Putin, I still can't even got
to the bottom of this. What's he mean? It's coming
to an end? And as you're just sighing it for
the sake of saying it.

Speaker 16 (22:32):
Well, you and everyone else can't quite understand whether he's
saying that because he's run out of money, he's run
out of soldiers. The economy's really on the skids. You
just look at that victory parade they had and read
square over the weekend commemorating the end of the Second
World War.

Speaker 12 (22:47):
It was a shadow of what it used to be.
So he talked about how it was heading to an end.

Speaker 16 (22:53):
But then again, he also said he would meet Zelenski,
the Ukrainian president, once terms of a peace agreement were settled.

Speaker 12 (23:01):
Now what does that mean? What peace agreement? How settled?
Will it have to be? So in lots of.

Speaker 16 (23:09):
Ways as Putin usually does it, Mike, it's put the
cat among the pigeants.

Speaker 12 (23:12):
Meeting and foreign ministers.

Speaker 16 (23:14):
In the EU and Brussels today, they couldn't even decide
whether they would actually discuss any terms with him. They
couldn't decide what their demands would be, what sort of
dialogue it would be. So everyone's sort of up in
the air about it. The only thing that they have
been able to agree on, Mike has been the suggestion
from Putin that former German Chancelly get how Shchroeder could

(23:36):
be the point person for these talks. They've said absolutely.
The EU says, yes, there's potential for a negotiation, we
do need a point person. But they rejected that out
of hand. They all said quite clearly that Schroeder has
been far too close to Putin, has never condemned the
Russian invasion of Ukraine. He's got business interests in Russia,

(23:58):
and of course when he was Chancellor of Germany.

Speaker 12 (24:01):
What nineteen ninety eight to two thousand and five.

Speaker 16 (24:04):
The Germans expanded their economic ties with Russia quite considerably
during that time.

Speaker 2 (24:09):
Right, explain this, I mean we do it every year.
It's not like we don't know what it is. But
New Zeala's never participated in Eurovision, Australias Delta, good rooms there.
I think this year just what's the point. I mean,
why do people get excited about. It's just some weirdos
turn up and sing some strange songs and everyone goes
nuts for a week. What's that about?

Speaker 12 (24:28):
Yeah, that's right, it's a feel good thing. It's crazy,
it's silly. It's none of.

Speaker 16 (24:32):
These songs ever make it onto the paradive since Abba.
I think Abba with the last ones that did it
really well.

Speaker 12 (24:39):
But it's just a way to forget about everything.

Speaker 16 (24:42):
It used to be sort of nice, friendly fun you'd
stay up till midnight on a Saturday night and watch
the votes come in.

Speaker 12 (24:49):
But it's got pretty serious now.

Speaker 16 (24:52):
You know, we've got this boycott, five of major countries
of boycotting it due to Azulla's participation. And I think
that the other funny thing that's going to happen now
is that they have said this year they will not
be using special technology to cut out booing from the
crowd who will be there? Really, But you know, everything

(25:13):
else can go on in the world, but you've got
this virus, you've got war, you've got the Middle East,
you've got a run and.

Speaker 12 (25:19):
Everyone can be just a bit wacky for a few nuts.

Speaker 2 (25:21):
Okay, fair enough. Hey, by the way, the Trump threat
for July four for you to cut the EU, to
cut these levees down to zeros, there's anyone talking about that,
worried about that, interested in that?

Speaker 15 (25:32):
You not?

Speaker 3 (25:33):
Really?

Speaker 2 (25:34):
Not really?

Speaker 16 (25:35):
I mean there has big problem is the guy ben
Adlang who's in charge of the EU America trade negotiations.
He's tough and there's still that criticism that this trade
deal negotiated at a golf club in Scotland. It wasn't
really a serious deal and they shouldn't have signed up to.

Speaker 2 (25:50):
Anything, quite right. Nice to see you, Catherine. She gave
me a flashback that golf code. Remember when he was
there and she walked in the room and then they
walk into the other room and what was it three
and a half minutes later they came back out and
they'd done a deal. Remember that, that was that moment. Mike,
why on earth there's anything about Kapa King and the
hapless Radical Malory Party the very first item on the news?
Do you know what, Pauling, That's exactly my thought this morning.

(26:13):
It's the difference between sort of a newsroom and what's
really going to happen. So an MP quitting is a thing,
so there's no question about that. But then you then
step to then extpit, which is what I do. What's
going to come of this? And now that this is nothing?
I mean, do you think this woman is really going
to win the election? Of course not. We've got history
it says these people disappear like that. Mind, you haven't

(26:34):
said that. In Southwest Story after seven o'clock nine away
from seven.

Speaker 1 (26:38):
The Mike Hosking Breakfast with Defender News Tom sad B.

Speaker 2 (26:42):
So, Mike, can you please explain to me, as aboum
a three year old that if Shane Jones is saying
there is no real problem with fuel supply and it's
highly unlikely New Zealand will ever progress through the phases
of their plan, then why a pump price is so high?
Not a bad question, Chris but you're not differentiating between
supply and demand. So the supply is reduced. In other words,
is not as much oil in the world, Hence the
price goes up. But there is enough oil in the

(27:04):
world for everyone to get what they need. Hence the
price doesn't go down, but you pay for the price.
You see what I'm saying. So what they're talking about
is a plan when there is no oil. There's a
contract for August. Whoops, know there isn't that's what he's
talking about. That will not happen. But in the meantime
there's limited supply, enough, but limited, hence the price is up.

(27:24):
I hope that makes sense. As regards the Maori Party
question from earlier, I don't get it. This is a
disaster for labor and so the Maori Party's going to
disappear and most likely Labour's going to win all the
Marray seats. Good on them. They're chasing the Murray seats.
They want to win the Murray seats. But when they
win the Maray seats, they've got no coalition partners outside

(27:44):
the Greens. If they get thirty percent of the vote,
they're going to have thirty percent of the seats. It
doesn't matter if six or seven of them the Maori seats.
They're shooting themselves in the foot and I can't see
why they can't see that they're basically losing the election
in front of our eyes five minutes away from seven.

Speaker 15 (28:00):
The ins and the ouse.

Speaker 1 (28:01):
It's the fizz with business favor take your business productivity
to the next level.

Speaker 2 (28:06):
I'm all on this after seven thirty. But this is
the one Choice Kiwi Housing Trends Report, which is out
this morning. Surveys kiwis between eighteen and thirty nine dream
of owning a home. So fifty four percent say the
dream now is being financially independent, compared with forty four
percent who say the dream is owning a home. Eighty
eight percent say that owning a home is still a
call like gold. That only forty two percent say they

(28:27):
think the dream is attainable. And that's despite all the
record number of first home buyers I say, I mean,
you know, this is fact versus theory. Seventy one percent
of would be first home buyers say they lack confidence
because they think now isn't the right time. See, if
you convince yourself now is not the right time, you're
going to be right if you convince yourself every morning
get out of bed and going, well, I'm not going
to do very well today. I guess what, you'll be

(28:47):
right about seventy eight percent. So they expect to wait
another three years before they look again to get into
the market. I mean, what sort of random answer is that.
How long do you think you're going to waiting to?

Speaker 17 (28:57):
Oh?

Speaker 2 (28:57):
About three years? And come on, rents are still an issue.
Ninety percent say they're overpriced, which they aren't because they've
come down thirty three percent. So they spend half their
income on rent fifty three percent, so they've got to
give up healthcare to pay for it. And just wait
until we get to the bank of Mum and Dad.
That's really the interesting aspect of the story. The bank
of Mum and Dad is playing and increasing what I

(29:19):
don't know, and this is why we're doing it. After
seven thirty is the bank and Mum and Dad's sort
of a guarantee. So, in other words, no money change
his hands. They just say to the bank, look at
it all turns pair of shape, come and see us.
Or is there actual money involved? And if there is
money involved, is that a gift or a structured piece
of business as written up by a lawyer. So that's
still to come after seven thirty, right, Taylor roya flabbl

(29:41):
I mean he's been there and done that, hasn't he?
And this is what happens with the Maori Party and
the Marimps. They don't seem to be able to get
on with each other, so they inevitably fall out and
that's what we're seeing at the moment. Shane Feelin of
West Life too, he's with us after.

Speaker 1 (29:54):
Rate here yourself think it's the mic Cosking breakfast with
of retirement Communities, Life your way news.

Speaker 2 (30:03):
Togs'd been well seven past seven, will enjoy your time
left with Madame and a Kapa KINGI because she's starting
her own party in history tells us that's basically the
end of that. The bigger question of course also is
she the only one? And what's it mean for the
Maori Party itself to or flavel has been there, done
that and he's back with us morning mate?

Speaker 18 (30:18):
Hey cui?

Speaker 2 (30:19):
What is it with Marie politicians that they always seem
to end up falling out with each other?

Speaker 18 (30:25):
Well, it doesn't necessarily should with mighty MP's as well.
It happens to mainstream parties. But I mean, you know,
in this particular case, she had pretty much not too
many options, been ostracized in the sense by the party
orbit the court case win in in favor, so she
didn't have too many choices. But she's sort of tried
that hook of the title there, which may well sort

(30:48):
of give her a hand. And there's an element of
hope because you know, one or two parties could be
the difference at the next election. But on the other hand,
as you say, history is pretty much against the small
parties in particular, those sort of wrapped around one individual
just just doesn't happen in mighty politics.

Speaker 2 (31:05):
Has she got any standing in the Electric or not?

Speaker 18 (31:08):
I think she has. But the downside is she's got
some two other MP's current MPs Lindon as well as
well jin Prime and Mighty Party haven't selected their candidate yet.
So you've got four probably women, all who know each other,
all probably have added to each other, all want the
same for our people. They're just coming under a different
political banner, and history says that probably when it gets

(31:30):
these sorts of situations, our people will go back to
mothership labor, labor and see what happens for another three years,
and then who knows what's going to happen after that.

Speaker 2 (31:41):
See, that's why I don't understand her, is if the
Labor Party win all the Maori seats, which is entirely possible.
So they've shot themselves on the foot of the big government,
haven't they. They need a third player. The third player's
now gone and they've destroyed them.

Speaker 18 (31:54):
Well that's true, but it's all about numbers, as you know,
and it could be you know, if it's very tight
and poles up and down. But if it's very tight,
just one or two parties could make the small parties
could make the difference. In fact, one or two individuals.
I mean, as my experience was, we had two in
Peace National Party just needed that guarantee to get them
over the line to have stable government. They asked myself

(32:17):
and one another to be in there. So you just
two individuals to make one hell of a difference as
to whether you're going to be the government of the day.
And therefore you know she's got every chance as anybody else.
Put The downside is people need to understand how the
politics of it all rolls then, particularly on election right
because as I say, if they put one or two
people in the right place, then actually they could be

(32:37):
the kingmaker.

Speaker 2 (32:38):
Tucker to feris is he going to go? Do we
know or not?

Speaker 18 (32:42):
I haven't heard anything whatsoever, but I suspect that, you know,
he's independent, as he says, I think he'll possibly stay there.
He hasn't got too many choices himself, and he finds
himself pretty much the same dilemma.

Speaker 2 (32:53):
The only thing I can think of, you know more
than I do, but is rah Worri big enough and
his electorate to potentially beat Labor off.

Speaker 18 (33:00):
Well it comes down to that sort of split boat
and how much damaged the whole saga with respect to
the Mighty Party has caused. And I say, in terms
of what I've heard around the electorates years, people have
been turned off by the whole saga. They're over it.
And so he's still very popular, put it that way.
But there's two other candidates that have been one that

(33:20):
was at the last election and Tanya wake Up or
now who's come into the frame's very well known across
the social media platform. So you know, all of them
are going to be a very tight race, and it's
going to be interesting. I reckon we should just hand
off of it. See where the dice rolls a little
bit more, next three or four months and we'll see
exactly where everything means.

Speaker 2 (33:39):
Good stup, good talk to you, mate, appreciate it to
urud Or Flabbel, former Maori Party code leader, of course.
Ten minutes past seven politics a bit different sort looks
like Sakia Starmer's survive for now the Captain West challenge
turned into a call for an Nordly transition of sorts.
But the numbers keep rising. This morning we're up to
sixty two now, and some ministerial aids have gone as well,

(33:59):
and as the professor of European Politics and Foreign of
Fears at King's College in London, and as well as
morning to you morning, how are you doing very well?
And do what do you make of the sixty two encounting?
Did they get to the magic eighty something and then
anything happens or not? I mean, the problem is no
one knows, and it's painstakingly slow, and it's very deliberate,
and the country meanwhile is watching this psychodrama without knowing

(34:21):
who our prime minister is going to be in a
few weeks time. So it's it's just deeply destructive and
smacks of I think mainly a lack of decisiveness amongst
Keir Starmer's putative successors. Yeah, none of whom have been
willing to stand up and say I'm going to throw
my hat in the ring. Was has maya culpa any
good in your view?

Speaker 17 (34:42):
No, because it wasn't that much of a mayor culper.
It was a diagnosis of the problems that he knew
the country face when he came to power in twenty
twenty four, and I think what people expected from him
today was some sense of urgency and some indication of
what was going to be done about them, and we
got none of that. So I think in a sense
it was a bit of a damp squib and I
think the number ten will look back at a weekend

(35:02):
building up this speech as some turning point in the
Starma premiership.

Speaker 2 (35:06):
There's a bit of mistake. Okay. So if Andy Burnham
was in power, it were in Parliament as an MP,
would it to be different. I just find it how
to believe there's four hundred and two of them, they
can't find a single challenger.

Speaker 17 (35:20):
Well, I mean that is the case that there are
four hundred two of them and they can't find a
challenge that they can agree on. If Andy Burnham was
in Parliament, it would be different, yes, because he is
the one politician who has decent approval ratings. I mean,
we live in an age where basically our politicians compete
not as to who is the most popular, but who's
the least unpopular, and he is the least unpopular at

(35:41):
the moment. So yes, it would make a difference. But
what's weird is now you have a bunch of MPs
in Parliament desperately trying to stall this process. Not because
they want Kirstarma to stay, but they want to find
enough times somehow to let Andy Burnham run in a
by election, win the by election, come back into Parliament,
and then Standards leader. So it's a slightly surreal situation.

Speaker 2 (36:03):
If you took a great British pound and placed it
on whether Starmer would lead the Labor government into the
twenty twenty nine general election, that pound would go which way.

Speaker 17 (36:13):
There you'd lose it.

Speaker 2 (36:14):
I'm pretty sure you'd lose it.

Speaker 17 (36:15):
I think even before the local elections last week, there
was a consensus amongst Labor MPs that Kiirs, Starmer shouldn't
lead them into the next election. I think now there's
a building consensus that he needs to go as soon
as possible because I think their experience on the doorstep
plus Starmer's popularity ratings and Starmer is now I think
pretty much the most unpopular prime minister we've ever had

(36:37):
have convinced them that actually they need to have a
change at the top.

Speaker 6 (36:40):
Now.

Speaker 17 (36:40):
It's worth saying, you know, Starmer's unpopularity ratings are strange
in the sense that you know, whatever you say about him,
he's not sort of egregiously bad in the way that
some of our previous prime ministers have been. I think
Kis Starmer is paying the price for twenty years of
sluggish economic growth in this country and the British people
are just getting fed up.

Speaker 2 (36:59):
Just give me thirty seconds on reform. Are they the
real deal or are they just behind this Farage bloke
who makes a lot of noise and people are aggrieved
at the moment about them.

Speaker 17 (37:07):
Well, I mean, I turn that around. Nigel Farage is
the real deal in the fact, in the sense that
he's a very good communicator. People like him, people think
he's authentic. Without him I wonder where reform would be.
The big challenge for them is to hold together what
is now a slightly bigger electoral coalition and to turn
themselves into a professional political party populace to struggle with
that in the past. Who We're going to have to

(37:28):
see if they can manage that task.

Speaker 2 (37:30):
Nice to talk to you appreciate it very much. An
An Menon, who's the professor of European Politics and Foreign
Afairs at King's College in London. Looks like the Chinese
one have arrived in the cow market in this country,
but it looks like they're saying to overtake the Japanese
is the permanent shift? Interesting new numbers In a moment
fourteen past the.

Speaker 1 (37:45):
Like asking Breakfast Fall show podcast on I have radio
powered by news talks, it'd be.

Speaker 2 (37:51):
Right a seventeen past seven to a cow market couple
of things. General sales were improving on last year. Good too.
The Chinese have arrived in numbers so much so I
could mean a major shift in the makeup of our fleet.
Chinese cars now make up twenty one percent of the
new passenger market. Lee Marshall's the boss of the Motor
Trade Association and as with us Lee Morning, Good morning.
Is this sheer luck given the war for the Chinese

(38:13):
amid that ev panic? Basically, China had a shedload of
stock and they are happy to sell it to the
rest of the world.

Speaker 8 (38:20):
I think it's more than that.

Speaker 14 (38:21):
There are certain the advantages that the Chinese have in
terms of the cost that they can produce product. Where
for as long as price talks, and I don't think
it ever won't, it will start to influence where vehicles
are coming from.

Speaker 2 (38:33):
Yeah, how much does price talk in this New Zealand
market at the moment? I mean, if it is pure price,
they can't lose, can they?

Speaker 14 (38:42):
If it's pure price, they can't lose. But then most
people are smart enough to realize that there's more to
consider when buying a car. It's not just about the
upfront cost. It's about the support of it. It's about
the ability to maintain it, the availability of parts for it,
how well known it is in the market. I think
there are lots of considerations. Prices allowed consideration in the

(39:05):
in the value equation, but I think it's no means
the only one. But you know, I think it will
continue to talk.

Speaker 2 (39:11):
See people touch I wouldn't touch it. I mean, maybe
BYD because they're a name, maybe g LE because they're
a name, But the rest of them I wouldn't touch
with a barge poll. I've got no idea who they are,
no idea whether they're going to last another three or
four years, and who I go sell it to when
they're not here anymore. I mean, does no one take
that into account?

Speaker 14 (39:29):
I mean, I think, of of course people do take
that into consideration. But then I think it's worth considering
that with many of these brands, they may be unknown here,
but they're certainly not unknown in China. There may be
only twenty five of whatever particular new car in New
Zealand right now, but there may be one hundred thousand
of them in China. I mean, I think you're right

(39:51):
that not all of these companies will stand the test
of time. They are going through a process of consolidating
in that industry. But but equally, I don't think there's
any reason to believe that these vehicles will not be
supportable in the fixture.

Speaker 2 (40:04):
Interesting.

Speaker 14 (40:05):
Yeah, people have had these considerate, you know, concerns in
the past, but you know, and people will always wonder,
will we just see these vehicles, you know, parked up
on the side of the road or whatever because no
one can fix them. But you know, people have said
that before lots of times, and it never happened. It's
a resourceful industry that invariably does work out how to
maintain them.

Speaker 2 (40:25):
Good stuff. Lynda nice and so I appreciate it very much.
As far as the numbers are concerned, we're up again
month on month, which is good, eleven point seven percent growth.
Years they were up almost thirteen percent, BEVs at eleven percent,
plug in hybrids at twelve percent. You petrol diesel LPG
or that's fifty four percent, so hybrid's generally at twenty
seven percent. Light passengers were to go to in April,

(40:46):
they increase sixteen percent. Your top tens, your usual, your ranges,
your highluxes, your rabs. You have a couple of Mitsubushes
in there. And the new Toyota Corolla Cross sold nine
hundred and seventy four in April. I was reading something
in Australia yesterday. It takes a bit longer. I hadn't
even thought about it to repair a Tesla because, of course,
a lot of its specialist skills that you may or

(41:07):
may not have because you may or may not be
used to repairing of course, an electric car. So that's
another thing to think about. So much to think about,
isn't it? Seven twenty one.

Speaker 1 (41:17):
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Speaker 15 (42:30):
Pasking.

Speaker 2 (42:31):
Now, I wonder if it's time to ask this morning?
Is Chloe a bit useless?

Speaker 14 (42:35):
So?

Speaker 2 (42:36):
In the Herald's vast poll churn that we got yesterday
that produces the chances of the current government being re
elected at about eighty eight percent. In there is the
revelation that the Greens have been going backwards since the
last election. Now the trouble appear is twofold. One the
falls have been slow, almost so small and slow you
probably didn't even notice. And two, Chloe's a media favorite,
so no one's really scrutinizing her as to whether she's

(42:58):
any good.

Speaker 7 (42:58):
Now.

Speaker 2 (42:58):
Yes, Maram is the leader of well and I suppose
you can blame her as much as she can Chloe.
But to my eye and mind, it's Chloe who's the
head leader. Despite their best PC intentions to spread the
load of the blame. She's also not in government, so
you tend to get, if not a free ride, certainly
an easier one. Now obviously are not a Green voter,
so none of this personally matters to me. But I
am all about continual improvement and the Greens are not

(43:19):
on a path of any such thing. See under Swarbrick
they've drifted, They've not grown. They are not the environmental
party they were under fitz Simon's or Donald. They're essentially
angry socialists who campaigned for the homeless and the downtrodden.
They're virtue signalers. She came to prominence, of course because
she was young. She was possibly seen as the future
to give her her dues. She's run a very good
ground game a couple of times over in the Auckland

(43:41):
Central electorate. She's won that electorate and that may be
her strength. She's a good local MP because I can
tell you something for nothing. She's not a leader. If
the Greens are to excel, they need to be better
managed obviously the whole you know, Tana Doyle, Kerry, Kerry
Garriman shambles, adds to the sense of the place is
a mess, but it's all unfold under Swarbrick. The good news,

(44:02):
if they want to recognize it, is they can fix this. Certainly.
If this had all played out as part of the coalition,
of course, you would have thought she would have been
ejected a long time ago. Saving her partially is the
lack of talent behind her. I mean, do you honestly
see Genta or Menendez March as saviors or or yet
more of the same ill disciplined verbal rebble. See when

(44:22):
you pair it back, look at the noise versus the outcomes,
including the inescapable numbers. She has failed as a leader.
So is she a bit useless? Yes, asking Mike, have
just been to China recently on business. The Chinese vehicles
are coming and I was blown away at how advanced
they are. Are they nick really or do they just

(44:43):
look advanced? So I'm not saying they're not. I've just
known looks at more car reviews than I do. And
there's a lot of Chinese cars out there that you've
never heard of, many of them out in the world
that aren't even in the country. And yes, there's a
bit of luxury, and yes there's lots of lighting colors inside,
but you know, long term, what's the prospect or have
we got to the point now where these China his cars.
If you can buy a Chinese car for thirty grand
forty grand and you're going to hold it for ten

(45:04):
years at three or four thousand dollars a year, it's
like a fridge, isn't it. You have no expectation it's
worth anything. And so maybe in nine or teen years
time you take it on holiday one day and it
won't start, and so you just leave it on the
side of the road and by another one go home.
Maybe that's where we're heading with cars. Look at housing
in just a moment, and the battle for the young'ins
and the role of the bank of Mum and dad.

(45:24):
That's next.

Speaker 1 (45:25):
Tough on Power, Sharp on Insight, on my casting, Breakfast
with Defender, Embraced, the Impossible News talks Dad be don't.

Speaker 2 (45:33):
Even have time to get to the budget in Australia today.
There's a couple of major major changes coming their way.
They're going to spend quite a bit of political capital,
as they say, of it. I'll come back to that
at the moment twenty three to eight. Further, the news
on housing at the moment, and it involves the first
home buyers. So one, they're making up a big slice
of sales as we know. Two the younger than they
have been, which I suppose is encouraging. Three they're buying

(45:54):
more standalone homes that came to us yesterday and today
news that well. Four the old bank of Mum and
Dad a major player in the market. This is a
new survey shows forty eight percent of these first home
buy it's got some sort of family help. Ed McKnight
is the prison resident economist at Opus Partners and he's
with us. Ed, very good morning to you. Good to
talk to you, Mike. Is that forty eight percent changed

(46:16):
materially in the last handful of years or not.

Speaker 19 (46:20):
Well, it certainly has been increasing. What I'm seeing is
that first home buyers are really keen to get on
to the ladder right now because they see that house
prices have fallen. They think, okay, that's a bit cheaper
than it was a couple of years ago. Incomes have
increased faster than house prices since twenty twenty. In factor,
house is now more affordable than it was before. The
COVID nineteen pandemic in the housing boom that came along

(46:41):
with it, and so I am seeing a lot of
first home buyers talk to the old banker mom and
dad and say, now's the time for me to make
a move. Can you help me get on the ladder?

Speaker 2 (46:49):
And do they do you break it down? Is it
money or is it back up or some sort of
guaranteel with the bank.

Speaker 19 (46:55):
Well, the main thing I see is that mum and
dad have a house I've had off the mortgage, it's
gone up and value. They might not have much cash
that they have saved up that they can hand over
to little Sammy and Jimmy for their first home, and
so what they'll often do is go to the bank,
get a loan against their house, a top up mortgage,
and pass that across to the kids to use as

(47:16):
the deposit. Now, in many cases, the kids might take
responsibility for paying that loan and those repayments as well.
Just make sure that Mum and dad aren't actually having
to fork out a lot of cash for it, but
they're using the equity inside their homes to help with
that deposit. That's what I see most of it.

Speaker 2 (47:31):
Okay, this twenty seven percent of first home buyers. They're
or thereabouts. And this myth still persists that you can't
afford a house. And I mean, obviously, in some people's
cases they can't and they won't and I get that,
but you can't argue that twenty seven percent isn't a
good slice of the market. First home buyers are doing well,
thank you, aren't they.

Speaker 19 (47:50):
Yeah, this is just such a great news story. First
home buyers are buying a higher percentage of the houses
than they ever have in New Zealand. They just on
that perception around not being able to afford house. Look,
if you can't afford a house, you've got a very
good incentive to go talk to your local newspaper and
make a big song and Dart's about it. If you
can afford to buy a house, well, there's no news
story there, so it doesn't necessarily get reported. But this

(48:12):
is certainly very good numbers and first home bars should
be very happy. They're taking advantage of the fact that
house prices, especially in parts of Wellington, are thirty percent
lower than they were at the peak of the market.

Speaker 2 (48:23):
Exactly. Good on you, Ed, Nice to talk to you again.
Ed mcnight who's the resident economist at Opus Partners Mike's
related matters. The reason is how many people don't believe
they can buy houses because they're facing a deposit wall
they cannot scale. It's a very good way of putting it. Actually,
many could afford the mortgage repayments, but it's the posit
that's the killer. And this is where Mum and Dad

(48:43):
comes in. The latest number available was twenty two billion
dollars from consuming New Zealand and twenty twenty two. The
Bank of Mum and Dad. At that scale is effectively
the fifth largest home lender in New Zealand, with an
average contribution of one hundred and eight thousand, around seventy
percent of first home bars receiving some form of family support.
We don't have an affordability crisis. We have a deposit crisis.
And if you listen to this program on a regular basis,

(49:05):
you'll know, and banging on about this for years should
be five percent. I could probably be convinced to go
to zero, to be frank, but it's that negative equity
thing that people freak out about. Adrian or ruined it
for everybody twenty percent. I mean, it's a waste of
twenty percent of seven hundred thousand dollars, right, work it out,
that's one hundred and forty thousand dollars. You're not going
to be able to do it. But five percent of
seven hundred thousand dollars to thirty five grand? Can you do?
Thirty five grand? Course you can. So if you're in,

(49:27):
you'll bleed to pay the mortgage. That's the way it could,
should and has previously, of course worked. Nineteen to two.

Speaker 1 (49:34):
The Vike Asking Breakfast Full Show podcast on iHeartRadio now
ad by the News Talks it'd be I Mike.

Speaker 2 (49:41):
Labours realize they need to try and win the Maray
seats as they feel the Murray Party comes with so
much baggage and demands it makes the three party left
coalition unelectable. That's a that's a not unreasonable point. I mean,
no one wants to hang out with the Marray Party.
Not even the Marory Party want to hang out with
the Marray Party, it seems. But the numbers simply don't
work for Labor because, as we outline just before ten o'clock,
the Greens are ten and shrinking and shrinking fast. So

(50:03):
say on the night, say they have a good time.
Maybe it's an eight or nine. So labor need to
be forty. They can't be forty. They aren't forty. They've
never been forty, which is where you go back to
the Herald's crunch of holes. That's why the government's got
an eighty eight percent chance of getting re elected. The
numbers just don't add up. So you're between a rock
and a hard place, don't you. Do you have a
third party a bunch of weirdos you can't handle, or

(50:25):
do you try and destroy the weirdos and get left
in opposition and that's the end. Chris Hepkins, of course,
Jim Chalmers. Tonight the Australian budget. It's consequential. I mean,
budgets come around every year and there's always a bit
of noise around them, but tonight seems to be a
seriously big deal and a massive broken promise. Elbow said
he would never run mess with the capital games and
the negative gearing. He lied and if he was going

(50:47):
to which he will now argue he should and could,
and it's the time and all that sort of stuff,
that's fine, go to the election with that. But he
didn't because he knew if he did he'd lose, so
he lied basically to the Australian people and he's trying
to dig himself out of it tonight. Anyway, some income
tax come in. You're talking about five dollars a week,
which is nothing. There's a one off tax cut of
three hundred dollars per worker. There's an instant tax deduction.

(51:09):
You can claim one thousand bucks without needing to supply receipts.
It's all this largest, this left leaning largest that they
have in Australia, which is ridiculous. I mean, what's the
point of just claiming one thousand dollars deduction and you
don't even need to supply a receipt for It's just like,
give me a thousand bucks. Capital gains is the big
one though. They're going back to Keating's model. Assets tax
at an inflation adjusted rate, so that means the tax

(51:32):
was applied only to the real increase in the value
of the asset. Negative gearing allows the investor to deduct
the losses. That change is probably going to put a
cap on the number of properties that an investor can
negatively gear. There's the instant right off or asset right off.
For small business. The temporary right off will become permanent.
So that's the upside for small business family trusts. There's

(51:55):
going to be a minimum thirty percent tax on discretionary
trust distributions. The ev tax discount that's gone subsidies that
you get in Australia if you purchase private health insurance
gone National disability insurance. That's another one of the big ones.
That's basically our acc and it's being rotted and abused
left right in the center. They thought it might get

(52:17):
to fifty billion, it's going to seventy. It's blowing through
the roof. It's going to one hundred and fifty billion.
They can't afford it. They've got to do something desperate
about it. So really your negative gearing, your capital gains,
and your national disability are going to get hacked into
a major way. Defense boosting that spending pressure from Trump
fifty three billion over the next ten years. They're boosting

(52:37):
the reserves of fuel because they weren't doing a good
enough job there, and all of that's going to cost
the money. Of course, they're running at a massive deficit.
The debt is expected to blow through one trillion dollars
for the first time one trillion dollars and they will
walk away. Charmers will walk away tonight going, I tell
you are it's been a good night at the office.
They haven't got a clue. Thirteen to eight the.

Speaker 1 (53:00):
Mic Hosking Breakfast with Bailey's Real Estate News Talk said.

Speaker 2 (53:04):
Ben ten to wait sixty eight and counting it's getting
late into the night. Of course, in Britain, a few
drinks being had quite clarets working out the future of
kea starmers sixty eight. Where was it when we got
three o'clob was fifty something? It wasn't fifty two or
fifty three. We started at forty eight, wasn't forty eight
and that's now sixty eight, So twenty and today it's
almost like they can't even organize a coup properly because
I mean, even if it gets to eighty two, which

(53:27):
is the number they need to trigger an event, who
is it that they've got There's no one's come forward.
So they go, right, oh, we've got to eighty two.
Time to trigger a leadership challenge. Sixty nine. Stop it.
This is like telethon sixty nine seventy I'll give you
a thousand quid. So if they get to eighty two,
then they go right, who's the challenger and they go, oh,

(53:48):
we haven't got that. But so this is our pathetic.
The whole thing is anyway, Rod's with us after eight thirty.
Where am I nine minutes away from eight? Last week
it was the rugby Union, of course, and this week
it is league. We've got a new CEO. Andrea Nelson
led the twin seventeen Rugby League World Cup. She's held
senior roles at the IOC, FEEFA and the ICC, and
she's with us. A very good morning to you, Good morning,

(54:08):
make and congratulations, thank you very much. Is the fact
you're arriving in World Cup year a headache for rehindurance?

Speaker 6 (54:16):
Oh?

Speaker 20 (54:16):
Look, I think it's pretty clear that the preparations are
going well for the Kiwis and the Kiwi fans and
they're looking in great shape and there's a fantastic team
at New Zealand Rugby League. So I think it's a
great opportunity to come in when the world's eyes will
be on the international game.

Speaker 2 (54:31):
What's the state of the place in your view?

Speaker 20 (54:34):
Look, I was in New Zealand Rugby League when I
was written on the World Cup about ten years ago,
and I have to say under Greg Peters leadership, the
sport's gone from strength to strength. Participation is growing, there's
big crowds turning up for international rugby league, and I
think with the Warriors succeeding in both on the field
and off, you know, the sports in great house. So
it's an incredible opportunity for me and a great honor

(54:57):
to be coming in at this point to lead the sport.

Speaker 2 (55:00):
Do explain that link to the Warriors, because one of
my interests is international league is not as strong as
say the NRL for example, or the Warriors directly connected
to New Zealand Rugby League and therefore their success is
your success.

Speaker 1 (55:13):
Yeah.

Speaker 20 (55:13):
Look, obviously outsider's perspective because I haven't got my feat
under the desk yet, Mike. But my view is is
that a rising tide raisers or boats, more eyes on
the game, means more young kids inspired to take part
and that's a huge part of what New Zealand Rugby
League is there to do, provide the pathways and the
opportunities for kids around the country to play league. And
then of course the success of the NRL means that

(55:36):
the superstars who are Kiwi's and Kiwi ferans have the
attention we can week out. Whether you're a Warrior's fan,
a Tiger's fan, you know, whatever team you support in
the NRL, there's fantastic New Zealand players. In fact, I
think the latest dat I saw was around thirty percent
of the NRL New Zealand players. So that's really where
we fit in.

Speaker 2 (55:55):
Right, What are you going to do reinternational housings on
the stage because there is a limited window for international league,
do we need more matches?

Speaker 20 (56:03):
Look? I think the New Dyalan Rugby League would ever
not say we need less matches. Obviously, getting as much
in great content regularly is a priority. But with the
Pacific Cup of Ptific Champs in place, that gives regular
fantastic content not just for Kiwi fans but for Tonga
Samai and the huge atmosphere and Sunday bring. I was
at Eden Park for that sellout game last October and

(56:26):
I honestly as one of the greatest sports events I've
been at, and I've worked on some pretty big ones.
I think international league brings something different and special and
so the more of it we can get, the better.

Speaker 2 (56:37):
From your personal point of view, given where you've been
and what you've done, is sports sport or not?

Speaker 18 (56:43):
Is sports sport?

Speaker 2 (56:44):
Well the sports sport I mean, in other words, if
you're a sports manager, you can manage any sport. Or
do you have a particular predilection towards a type of
sport or a certain certain sport.

Speaker 7 (56:53):
Oh?

Speaker 20 (56:54):
Look, I think when you come into work in a sport,
you have something that you want to achieve and that's
either a real connection with this, which I really feel
with league, you know, you know something that you really
personally have a passion for. But I also think across
lots of different sports they've got different missions. For example,
my most recent role at gymnastics was all about creating
a really safe environment for young people around the country

(57:16):
and that was the real driving passion. So I think
all these jobs are different. It really depends what the
organization is trying to do, exactly the same as a
CEO of any business.

Speaker 2 (57:24):
Well, I wish you the very best with it. Andrew
Andrew Nelson, who's the new CEO of New Zealand Rugby League,
four minutes away from eight, asking Mike, what are you
babbling on about? Maori seats? How does labor lose because
it wins the seats. See now this honestly, thank you
for asking, But this at thirty years in counting of
MMP worries the be Jesus out of me. If you

(57:44):
don't understand how the system works, let me explain it
as simply as I can, really quickly. If you win
ten percent of the vote, you win ten percent of
the seats. Right in the Parliament of one hundred and twenty,
you win ten percent of the seats. In other words,
you win twelve seats. If seven of those seats are
Maorray seats, you only get far off the list, so
the number of seats you have. So if you've destroyed
a party that could have helped you in a coalition.

(58:06):
In other words, especially with the Marray Party in an overhang,
you have destroyed your own ambition towards getting the government
because you and the Greens cannot possibly win the election.
Do not understand that the percentage of the vote you
get is the number of seats you get. Whether they're
made up with electorate seats or list seats, doesn't matter
the percentages. The percentage is the percentage. They should put

(58:30):
that in the new citizenship test and I tell you what,
everyone's going to fail it. So let me ask you
this question. So you're going to get six attempts at
the new citizens ship test, right, should the new citizenship
test be passed by each and every one of us?
And if you can't, should we boots you out of
the country because you're thick? So well, because I'm saying, look,
I mean no disrespect to the text, but I mean

(58:51):
thirty years on for God's sake, if you don't understand
how your government is elected. And I assume you're a citizen.
So anyway, you get six attempts, you've got to get
fifteen out of twenty. They're multi choice, by the way,
so you don't go back for the same questions next
time around. They may be the same, but they may
not be. And you'll have forty five minutes to do

(59:14):
twenty questions and get fifteen right. It'll have to be
in person, and after three attempts they stand you down
for thirty days, Like what's that going to do if
you're a dufus. You're a dufus, You're not not a
dufis after thirty days. This whole thing is a concocted
waste of time, it's like I'm all for you know,
people loving the country and I want to be a

(59:36):
good citizen and stuff like that. But honestly, six times
that says everything that's right. You get one shot under pressure,
answer them or we book you out. How does that
sound us?

Speaker 1 (59:46):
This next opinion ed it informed, unapologetic, the mic asking
breakfast with Bailey's real estate one hundred percent key, we
owned and operated, use togs Head b.

Speaker 2 (01:00:07):
It is very fast fight if you can believe that.
It is twenty five years since weist life turned up,
part of that original boost of boy bands of Simon
Carrol and Boys and Boys to Man take that round
and Robbie all of that. Anyway, there's a twenty fifth
anniversary album and in the day twenty fifth tour, late
singer Shane Feeling is with us from Manchester morning.

Speaker 10 (01:00:28):
How are you doing? How are you very well?

Speaker 2 (01:00:29):
Indeed? Does it feel like twenty five years?

Speaker 3 (01:00:35):
It does, but we have some sort of mad I
think energy the last even the last few years, but
I think building up to this twenty fifth anniversary, it's
obviously look, it's it's a it's a great achievement for
any I suppose band or any kind of musician, But
you know, there's something very special about it too. And
I think this time around West Life where we're really
enjoying us. You know, our kids are growing up with
us now and getting to see their dads on stage,

(01:00:57):
which is pretty special. But this tour is is shaping
up to be the biggest tour we've ever done. And
obviously we're coming back to New Zealand, which is incredible.

Speaker 2 (01:01:05):
Exactly what's your vibe about it? Is the world ready
for it? I mean, was the advantage you broke up
for a while Therefore you've got, I don't know, a
built up sort of sense that could be something there.

Speaker 3 (01:01:17):
Yeah, absolutely, I think we broke up for seven years.
You know, in twenty twelve, we thought that was the end.
Genuiney we'd done fourteen years and we felt like we'd
achieved everything we could achieve. But I think when we
broke up after about three or four years, five years,
we started to kind of genuinely miss each other, miss it.
Everybody seems to miss us a lot and kept asking

(01:01:39):
us when we get back together. Even we were doing
our own individual solo projects and stuff, we just kept
kept getting asked about WESLEYV. All the time, and then
we kind of started to really think about it again.
And then obviously, Edge Sheeran was kind of writing with
our long term songwriter Steve Mack and they wrote Shape
of You and some of Ed's songs at the time,
and then they started writing some Westlife songs and it

(01:02:01):
kind of us the stars kind of aligned a little
bit in twenty eighteen, and then obviously we came back
in twenty nineteen and it was it's been, honestly, it's
been the best seven years since.

Speaker 2 (01:02:11):
When you it all started. What did you want? Do
you remember? I mean, what what did you think the
trajectory would be?

Speaker 3 (01:02:20):
Look?

Speaker 10 (01:02:20):
What did we want?

Speaker 3 (01:02:21):
We wanted to be pop stars. We wanted to be honestly,
like the Backstree Boys or idols at the time. We
were just wanted to be in a famous boy band
and travel the world and.

Speaker 10 (01:02:30):
See what that was like.

Speaker 3 (01:02:31):
Never did we think it would get to the level
it did the first Honestly, the first couple of years
was crazy. We were just so big so quickly, so
we kind of didn't get to really understand even what
was going on, if you know what I mean.

Speaker 10 (01:02:44):
And it went very, very very fast.

Speaker 3 (01:02:46):
The first five or six years, but you know it
was you know, after five or six years, most bands
split up, or most boy bands usually split up or
something happens, or so many leaves or they all kill
each other, break up and that's it.

Speaker 10 (01:02:58):
It's gone. But for reason it was.

Speaker 3 (01:03:00):
It was kind of weird when Brian left the band.
We were about six years in and it kind of
made us kind of come very close together and made us,
i suppose, realize how delicate Westlife could be if one
member left or another member of it could be gone,
you know, So we kind of came together a lot
and around that time. Then a year later we got
the song You Raised Me Up, And that was a

(01:03:21):
real pivotal moment I think in Westlife's career because it
could have gone. It could have gone either way, I think,
and that song just gave us a whole new lease
of life. And then we did another kind of seven
or eight years after that before the breakup.

Speaker 10 (01:03:33):
So yeah, it was.

Speaker 3 (01:03:35):
Look, did I think we'll be I've been chatting to
you in New Zealand twenty five years later.

Speaker 10 (01:03:38):
Absolutely, absolutely, no way.

Speaker 3 (01:03:40):
It was probably a billion to one odds, but look
for here and it's it's it's great.

Speaker 2 (01:03:45):
You know, what do you rick in the magic was?
Was it the putting of the original group together and
they saw something that you couldn't have perceived or did
you grow together creatively in a way that made it
something bigger and better than it was at the start.

Speaker 3 (01:04:01):
I think there's two things. I think we knew each
other as friends before we were in the band. You know, myself,
Mark and Kean. Obviously we're from Sligo in the West
of Ireland. We were friends in school. We were in
musicals together, Grease all over Twists, you know, all that.

Speaker 10 (01:04:13):
Kind of stuff. So we really wanted to be in
a boy band.

Speaker 3 (01:04:17):
And then we met Brian and Nicky through an audition,
a very small audition process, but we got to pick
the members.

Speaker 10 (01:04:22):
We got to meet them, talk to them.

Speaker 3 (01:04:24):
They came to slide Go and lived with us for
like a month to see if we actually gelled with them,
because it was very important to make sure we got on.
And then honestly, the magic of the songs.

Speaker 10 (01:04:32):
We were very lucky to get the songs we got.
Swear it again.

Speaker 3 (01:04:36):
If I let you go flying with the wings full
of like all in the first year, you know, it
was number one after number one, it was crazy what
was going on? But yeah, the songs were special, and
I think it's for any band. I think the most
important thing is the music. If they get on and
enjoy each other's company, it's a bonus. But we genuinely
do get on and enjoy each other's company.

Speaker 10 (01:04:56):
We went for.

Speaker 3 (01:04:57):
Dinner an hour ago, we went for breakfast together this morning,
like we literally spend a lot of time together because
we we genuinely are good friends.

Speaker 2 (01:05:04):
Well that's good to hear. Hey, listen, I watched you
on Britain's Got Talent Time of the Weekend and let
me come back and talk to you about that. In
the moment to Shine Feeling Whist Life twelve past.

Speaker 1 (01:05:12):
The Mike Hosking Breakfast Full Show podcast, I had Radio
how it by news Talks it.

Speaker 2 (01:05:17):
Be fifteen past, I shined feeling will us pre styles
going so today for the Whist Lamp. I'll give you
the details in just a couple of months. Anyway, shall listen?
I watch Britain's Got Talent Tie of the Weekend, which
I think was live and that must have been that
must have been given Simon Carolill said that must have
been something quite special.

Speaker 3 (01:05:35):
Absolutely, you know, you're so right, it was. It was
a full circle moment, like to say the least. You know,
Simon Caroll obviously was our our record company executive. He
signed us, We auditioned for him for the record label.
He gave us our first record deal. He picked every
single song that probably we've ever released up until twenty
twenty fourteen, obviously our twenty twelve.

Speaker 10 (01:05:54):
So he was a huge part of our career. And
you know, I got to go in yesterday with my kids.

Speaker 3 (01:05:58):
My kids were are big fans of December ten, his
new band, and watched the Netflix show obviously, and so
they wanted to going to say hi to Simon. But
I was in his wrestroom for probably forty minutes chatting
to him and just the stories and the memories and
it was just lovely to see him and have a
genuine chat about stuff. And he's such a he's such
a nice man, he's genuine, he is, he's a gent

(01:06:19):
And then to sing in front.

Speaker 10 (01:06:20):
Of him and him him standing there. You know, he
was telling me the story.

Speaker 3 (01:06:24):
About flying with that wings when he was trying to
get that song so bad, and he was like telling
the producers I have to have this song, and there
was talking of it maybe going to another artist, and
Simon wasn't having it, you know. He said, like, I
literally was going to lock them in the room and
not let them go. And he was telling the story
and I'd forgotten the story and but that song to us, honestly,
it was a pivotal moment, you know, and Simon was

(01:06:44):
brilliant at that. He was brilliant to picking the song
and it was lovely to talk to him about that
last night.

Speaker 10 (01:06:50):
But you could see it when we were singing last night.
You could see he genuine he was kind of just
looking at us, kind of like a proud dad.

Speaker 2 (01:06:55):
Yeah, exactly was I watched I watched the Netflix thing,
you know. I thought it was an interesting insight. It
is his been. Is the sym Betein doing well? I mean,
is it still? Is the boy band thing still? I thing?

Speaker 10 (01:07:07):
Yeah, they are, They're doing very well.

Speaker 3 (01:07:08):
They've just started now, they've only read they haven't released
their album yet, so they've dropped a couple of tracks.

Speaker 10 (01:07:12):
My kids love them.

Speaker 3 (01:07:14):
My kids are like sixteen seventeen, two lads and they
really love their music. It is, you know, but it's
funny because like there hasn't been. I suppose you always
think there's going to be a time when another band
comes around, and they're probably at that stage now where
I think the world needs another one. I think K
pop has had a big kind of takeover in the
last maybe four or five years.

Speaker 10 (01:07:33):
One direction.

Speaker 3 (01:07:33):
We're probably the last big boy band that had global success.

Speaker 10 (01:07:37):
So I'd love to see them do well. You know,
they're they're good lads.

Speaker 3 (01:07:40):
You know, Nicky had them on their podcast on his podcast,
he said they were lovely lads. And I'd love to
see it happen for Simon as well, you know, because
he's been he's obviously been very good to us. But yeah,
but again it's all about the songs. If they've released
great songs, that's half the battle.

Speaker 2 (01:07:55):
What your advice or listen from fame because if there's
one sort of observation, a lot of people Mike, because
you you, you and nothing, and suddenly you're the biggest
thing in the world, and that's a difficult thing to handle.

Speaker 15 (01:08:07):
It is.

Speaker 10 (01:08:08):
It can be a typical thing and people can struggle
with it.

Speaker 3 (01:08:10):
Actually, I suppose when we were younger, you know, the
five of us again, we're close friends. We know we
all other parents were quite grounded at family wise, coming
from Ireland, I think as well we were, like, honestly,
it's funny. We always think like it's crazy that we're
doing this. It's there, like we still kind of from
time to time don't believe that it's real. And I
don't know what that is. I don't know if it's

(01:08:31):
naivety or people go, what do you mean? Like its like, honestly,
I still get nervous when tickets go on sale. I
still like this week with New Zealand on Friday, it's
gonna be a nerve wrack and day until we hear
how they're doing. And it's the same even with Dublin,
you know. So I don't know what it is, you know.
I think for fame can be a great thing. It
also can be a very dangerous thing if you're not
ready for it, if you don't have the right people

(01:08:52):
around you. But it's also a great thing, you know,
And I think you just got to take it in
your stride and and do your best.

Speaker 10 (01:08:58):
That's all you can do.

Speaker 2 (01:08:59):
With you all cream on the kit for you now
twenty five years on you you've done it all. Being
they had seen it all. Is this just cheer enjoyment?

Speaker 8 (01:09:07):
It is?

Speaker 3 (01:09:07):
I think it is in a way, but it's it's
more special now that we're getting to go back to
like we've been banging on the door honestly, like for
the last six years since we came back, when are
we going back to New Zealand Australia. Why aren't we
going back to New Zealand Australia. You know, on every
tour we've asked it, and now we're finally going back there.
So we're kind of like, we're going back to New Zealand,
you know, and it feels really special. We're kind of going, yeah, yeah,
we're you know, we're doing a We did an American

(01:09:29):
shows there two years ago, our first ever North American shows,
and having a clue how it was going to do,
We're like, we might even sell any tickets.

Speaker 10 (01:09:35):
We didn't know.

Speaker 3 (01:09:36):
We've put on six shows and there we're like kind
of five thousand seaters Radio City Music Hall, obviously very
famous venue, sold out in like seconds, and we were like,
what you know, So now we're going to be going
back doing a proper big arena tour in twenty seven
as well, So there's lots of things that are you know,
there's always room for improvement, there's always rooms to kind
of be better and push yourself. But I think the

(01:09:57):
fact that our children are now at that age where
they're really understand it. It's it's pretty cool. And you know,
we get to sing with Edge Year and every now
and then or Nile Horn pops down to the show
and the kids are like that, that's.

Speaker 10 (01:10:08):
So cool, you know. So we're cool dads. There's little
moments where you guys.

Speaker 2 (01:10:12):
Ye, dad is doing it.

Speaker 8 (01:10:14):
You know what I mean?

Speaker 2 (01:10:15):
I love it. Well, listen, we're looking forward to seeing
in the country. Good luck with the twenty fifth album
and we'll maybe catch up when you hear.

Speaker 10 (01:10:22):
Thank you very much, Take care.

Speaker 2 (01:10:24):
Shane Felam nice guy, isn't he? As regards the tickets,
he was right, they go on sale Friday. But that's
not the full story. Let me work you through a
couple of details in a moment.

Speaker 1 (01:10:32):
Eight twenty the mic asking breakfast with a Vita, Retirement,
Communities news togs, dead.

Speaker 2 (01:10:38):
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(01:11:21):
And once you experience that, you never looked back. So
eight hundred DVSDBS Simple Oh, eight hundred DVS DBS or
online for all the help you need at DVS, dot co,
dot MZ say twenty four one. A trip for two
to Westlife. Back in the early two thousands, met Shane
and the band in Dublin concert was amazing well, it's exciting, Mike.

(01:11:44):
We saw west Life years ago in Auckland. There were
crazy few male teenagers all around us. I don't think
that'll be the same. Maybe will be the same morning, Mike,
I went to Westlife the last concert in Auckland. Didn't
feel like twenty five years ago. See that's the thing,
isn't it never does twenty five years ago. Anyway, Here
are the tickets. It's complicated. General on sale tickets of
this Friday at two pm and you go to west

(01:12:07):
Life or Live Nation, pick you whatever you want to
go pre sales. If you're into pre sales, they begin
to day at midday and they end on Thursday. And
this is all through Westpac. If you're into Westpac and
you are part of west Pac, they've got a promotion
going so you get some pre sales. Then you've got
your Live Nation pre sales, which they begin on Thursday,

(01:12:28):
and then your general issues on Friday. Now, as for Saturday,
I have no information at this point. So it's Tuesday,
Thursday and Friday. Just to make it complicated, it's seventy.
I lost a bit this morning. They said, would you
break seventy by the time you go home? At nine o'clock.
In terms of MP's calling for Starma to go, I said,

(01:12:51):
the rate, it was unfolding, it was dribbling, and I said,
by nine, I don't think they'll crack seventy. We're doing
it over unders and I said under, And I was
wrong on that. So I have lost. And so we're
at seventy. We were at seventy, then we're at sixty nine,
but we're back at seventy. So I don't know someone
weaver did they ever? Anyway, we're at seventy and perhaps

(01:13:16):
more importantly, Mahmoud has the Home Secretary said he's got
to go, and so that's some heavyweight support at last.
The question still remains, and Rod's with us a day
thirty think the good Lord. He's coming in to explain
all of this. The big question remains if they trigger
eighty two, which is the number they need. Remember, of
course he's got four hundred and two in the in
the caucus. If they get to eighty two and that

(01:13:36):
triggers a leadership vote, they need a contender. And this
is the problem. Is it where's streeting? Is it Angela Rainer?
Where streetings are nobody? And Angela rain has got baggage
up the wazoo. So are they the real deals? The
one they want is Andy Burnham, and of course Andy
Burnham is the mayor of Manchester. Starmer blocked him from
standing for the by election that possibly Pole suggested he

(01:13:58):
could have won if he had stood, but Starmer blocked him,
and he blocked him for very good reason. Now because
of Andy Burnham had won that by election and he's
in the House right now, he would be already. I
suspect the new leader of the won the Labor Party
into the government. So that's all unfolding literally as we speak.
So we'll crunch some numbers with Rod in a couple
of moments, which is after the news, which is next.

Speaker 1 (01:14:20):
Here a news talk Saidley, you're trusted home for news, sport, entertainment, opinion,

(01:14:53):
and Mike the Mike asking breakfast with veda retirement, communities,
life your way.

Speaker 2 (01:15:00):
He survived the DIA that he had to work hard
for it.

Speaker 4 (01:15:03):
I know that people are frustrated by the state of Britain,
frustrated by politics, and some people frustrated with me. I
know I have my doubts and I know I need
to prove them wrong, and I will.

Speaker 2 (01:15:24):
He's got seventy and counting at the moment. One of
them's right, chel Mescal.

Speaker 21 (01:15:28):
We need that in depth conversation to draw our party
together to determine what is the right qualities we're looking for,
but also the right person who cannot only unite our
communities but unite our country. That is the task at
hand for the forthcoming leadership election, to demonstrate that you

(01:15:48):
actually understand the breadth that is needed. Kirstarm has been
a very narrowing time minister who listens to very.

Speaker 15 (01:15:55):
Few international correspondence with Insieye insurance piece of mine for
New Zealand business.

Speaker 2 (01:16:01):
Yes, seventeen chenty ron levels with us morning Mite, take
it warned. And so do they get to eighty two,
do they get to trigger something or is this thing
going nowhere?

Speaker 8 (01:16:10):
I don't think it's going anywhere, if I've honest, I
think even though it sounds utterly deluded when Keirstalmer says
I'm going to be here until twenty thirty six, which
is a kind of bizarre thing to say, nonetheless, I
don't think there's any mechanism by which he wouldn't be
Because even if they did get to eighty two. You know,

(01:16:31):
even if they did get up to those figures, who
is in this is going to replace Starma? There is
no possible way out for the Labor Party. And it's
a Labor Party schools, you know, it's a it's got
a front bench which is low on talent and which
is also compromised in various different ways, whether it be

(01:16:53):
through tax such as Angela Rainer, or through associations with
Mandelson and also the right wing of the part which
is where streeting, or by the fact that you know,
they've got four hundred dollar MPs and they're looking to
Andy Burnham, who isn't an MP, to rescue them sits.
It's a ridiculous situation.

Speaker 2 (01:17:11):
It's amazing. And the Mantle something, interestingly enough, is next Leiver.
We've just forgotten about it now because we had the
whole series of elections over the weekend. Just in general, Rodson,
this is the first time we've talked since it happened.
Was what happened on Friday worse than what we thought,
or about what they.

Speaker 8 (01:17:27):
Thought slightly worse? I think it was slightly worse. Some
people are saying it was appalling, but not quite as bad.
I think it was worse in that they were beginning
to lose seats not just to Reform, and they lost
to reform everywhere. Everywhere the reforms stood. They lost to Reform,
but they also lost seats to the Tories and even

(01:17:50):
to Ed Davies, Mary Campus within the Liberal Democrats. So
I think they're losing both to the left and to
the right, and I think that's real problem for Starma,
and it's a real problem for the party. And of
course the party will want to push Starma further to
the left as a consequence of this, and that will
mean that no one of a working class background will

(01:18:11):
vote for them, which means they don't send a chance
to the next election.

Speaker 2 (01:18:14):
No, there was the interesting thing, or one of the
interesting things for me out of the election itself. So yes,
there was a lot of focus on Starma, for obvious
reasons because he's the government. But the Tories, who have
already been pounded down to next to nothing or a
shadow of what they once were, got pounded again. So
is there any way back for them?

Speaker 8 (01:18:34):
Well, they did get pounded again, but there were a
few glimmers of hope for them, particularly in London, where
the Londoners find them a more appealing prospectors and opposition
party to Reform. So in one sword in Westminster, for example,
and I think some of what can be Bedenov has
been saying, how's cut through? But you're quite right, they're

(01:18:55):
pounded and if we think about what's going to happen
in the next election, would imagine the Reform and the
Conservative Party would start talking to one another. But you know,
I've got a fair the anchry message from Nigel ferras
this morning when I suggested this in the morning newspaper
today is saying why why would we?

Speaker 2 (01:19:18):
What does the same problem though Rod apply once we
are getting a heat of myself slightly. But when we
get to twenty twenty nine, if he's still a major thing,
this Reform Party, do they actually land the votes in
the right places that win the seats that will put
them in a position to you know, actually come close
to government.

Speaker 8 (01:19:38):
Well this is where Ferraja and I differ. He thinks yes,
obviously because the leader of Reform. I think it's very
difficult for them. They've been hovering at around about twenty
five twenty six percent of the polls for a long
time now. If you project last Thursday's election figures over
a national election, it's still about twenty six twenty seven.

(01:20:02):
They need to be at about thirty four thirty five,
and they don't look as if they're going to be
anywhere near getting that. Even if they were at that
position incidantly, you know, about a year ago. But there
are too many people who are too fastidious to vote
reform at the moment, so they will need some help.
I think, is there.

Speaker 2 (01:20:22):
Any chance that Starmer surprises us all and turns into
something by twenty twenty nine that we never foresaw coming,
and therefore rises like a phoenix from the eshes?

Speaker 8 (01:20:35):
None whatsoever. I'm trying to imagine him rising like a
phoenix or a goldfish from that. It's just he has
lost he's lost respect from the country and Parliament. He
has no charisma, and he's made too many terribly wrong decisions.

Speaker 2 (01:20:59):
As simple as by the way, how's Millwell v. Hull.

Speaker 8 (01:21:03):
We're losing, Mike, We're losing. It's it's terrible. I don't know.
I don't really know what to do with myself. We're
losing one nil, so down one nail.

Speaker 2 (01:21:12):
This is the second leg, right, Yeah, it's the second leg.

Speaker 8 (01:21:15):
It'd be into a route if we don't get an
equalizer very very soon. I'll let you get back terribly
to press it.

Speaker 10 (01:21:23):
Yeah, well, I'll let.

Speaker 2 (01:21:23):
You get back to it and enjoy the rest of
the game. He's a Millwall v Hull. It's the second leg.
This is the Championship, Roger millwol Fan. It's the Championship,
which is the one below the EPL second League of
the semi final. So it was nil all that the
opening league was nil all. So we went in nil
at a half time. But now Millwall have gone down
one Niel to Hull. They're down to nil now, so

(01:21:45):
well that's I'm glad. I'm glad he's hung up because
the language, the language wouldn't have been worth listening to.
There's more than two. This is the other problem for
the star. But when he returns from you know, getting
knife by his own party. There's more than two hundred
thousand migrants across the Channel and small boats since twenty eighteen.
These are new numbers. This morning, just last Friday, seventy
just like that, just any given Friday, seventy people arrive

(01:22:06):
in Britain on a small boat illegally. Two hundred thy
thirteen in the last nine years and successive governments. Of course,
it all said, including star, but don't worry, I'll take
care of it, and they haven't sixteen too the.

Speaker 1 (01:22:19):
Like Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks ad.

Speaker 2 (01:22:24):
Be thirteen to nine. I haven't mentioned it on the
program because it was a stupid idea, and I don't
like to dabble too much in stupid ideas. But I think,
and I'm open to correction if the stupid idea and
the author of the stupid idea wasn't Wayne Brown. But
I think Wayne Brown is the author of the stupid idea,
and the stupid idea was the Grand Coalition, and his
answer to the country's problems was for National and Labor
to join a deal. And I thought, at the time,

(01:22:46):
what a stupid idea. That's never happening, So I thought,
don't worry about it anyway. People, you know how things
work in the media, Like somebody who writes an OpEd
piece goes, oh, that's they probably don't even think it's
a stupid idea, so they write about it, and then
somebody else writes about it. Somebody else writes about it
somebody else writes about it, because no one's got an
original thought in this country. And last Friday I saw
Matthew Howton right, and never I thought, for God's sake,
the world's full of interesting things. What's the point of

(01:23:08):
dwelling on? And things are never going to happen. Finally
I got to Andrew Getters yesterday, and I like Andrew,
and he's a bright guy and his piece is worth reading.
But he he sort of said what most of us
have already worked out. The Grand Coalition idea is gaining traction.
Here's why it won't work. And so he's put it
to bed once and for all. So at least he's worked.

(01:23:29):
And the reason it won't work is and Luxon was
asked about it yesterday and he was sort of almost
burst out laughing and said, how did that? You know,
once upon a time a centrist National Party and a
centrist Labor Party might might have got in the same
room to have a chat, but beyond that it was

(01:23:50):
never going to get any closer. At the moment, we
don't have a centrist National Party and we don't have
a centrist Labour party. We got a particularly left leaning
Labor party. Can I often congratulate just quickly stuff who
yesterday gave me reason to hope again. And I apologize
for people outside of Auckland, but this is about Auckland.
Six signs that Queen Street could be about to enter
a new positive change, and I thought, thank god, they're
doing something positive for once in a while. And they

(01:24:11):
went through six doesn't matter what the six are, but
they found six things. The only reason this triggered me
was because I was in town on Thursday last week.
I'm very rarely in town, and I was walking down
a place called Chilton Street and the place was pumping.
It was like it was so pumping. I wasn't thinking,
I wonder if it's pumping. It was so overwhelmingly pumping
that it was in my face. I thought, my god.

(01:24:32):
And there were b stros and bars. And this was
the middle of two o'clock in the afternoon. Restaurants were
fall people were out. It was party time. To be fair,
it was sunny, it was party time. Money was being spent.
And so by the time I did that and I
went straight to my hairdress, I said, Greg, the place
is pumping. He had that vibe too, because he's a
downtown operator. But there are six signs according to this

(01:24:53):
article City rail Link. I mean, I hope it's a sign. God,
I hope that works for five billion dollars. I mean, honestly,
you give me five billion dollars and go, Mike, make
make Queen Street work. I reckon I could do a
better job than a train line. But anyway, CRL Saint
James Theatre's being refurbished, which will be nice. Queen's Arcades
getting refurbished, that'll be nice. It's a lovely part of

(01:25:14):
the lower endo Queen Street. Faraday's male mate Eddie, who's
taken the risk of a lifetime as far as I
can work out, and opening up a very high end
department store in the middle of Queen Street and a
fabulous old buildings. So he's due to open in July.
So that's exciting. This new hotels, new university halls, it's
you know. And once they get those move on orders
and it'll be all. There's a bit controversial at the end,

(01:25:35):
wasn't it. It'll all be go. So fingers crossed that
things are on the up ten to nine.

Speaker 1 (01:25:40):
And that's how great cuts it. The Mike Honking Breakfast
with Defender News Tom sad b Mike.

Speaker 2 (01:25:48):
I'm a grown ass man and a fan, but just
asking if I send you some Warriors socks and underwear,
can I come on your show? I'm not as charming
as Freddy, but I am funny. No you can't. Katie
was in undated yesterday on her DMS with people going
can I come in too? I didn't realize it can
come in? Can I come in? Freddy's such a nice guy.

(01:26:08):
I'm a nice guy too. Can I come in? No? No,
you can't. That door was opened very very briefly and
it's now closed, slam shut for the year, possibly next year.
We'll see how we go. Can I Also, by the way,
just congratulate the in zed Me legal team, who've had
quite a bit to do with me over the years. Anyway,

(01:26:30):
they one day I didn't realize there was a thing,
but they had the in House Legal Association New Zealand
Awards and our in zed Me legal team team of
four Genevieve, Paul Isabella, and Lucy Isabella being my favorite,
mainly because she's the last one who came down with
a piece of paper for me to sign. I don't
think I've ever signed anything from the legal team. I've

(01:26:50):
read is that illegal because they say something like do
you understand what you are?

Speaker 6 (01:26:54):
Gay?

Speaker 2 (01:26:55):
No? Anyway, they won the small in house team of
the year. They are the best in the business, so
we're very excited that they manage external legal challenges. Defamation.
That's the bit that I'm involved in privacy. Actually, I'm
a bit involved in that as well, court reporting restrictions. Anyway,
the point being that if you're thinking of suing me,

(01:27:19):
I have now got officially the best legal team in
the country. Five minutes away from nine.

Speaker 1 (01:27:25):
Trending now with the m'sware house, the real house of frequencies.

Speaker 2 (01:27:30):
Now the Trumpsters, he's trying to improve his day has
gone badly so far with the Iran thing, of course,
and he's got to pack up and he's got to
put some suitcases on the plane to go to China,
and that's a bit embarrassing as well. Meantime, he's hosting
the Indiana Hussias who are there at the White House
this morning, this American football college football, and after saying
how good they were, what do you reckon? You spoke

(01:27:51):
about next?

Speaker 7 (01:27:52):
You're amazing.

Speaker 9 (01:27:52):
You've made the fans really proud and inspired millions, all
of you, the coach and the players, and remind did
everyone that with determination and lots of hard work, anything's possible.
And I said to the coach, you know we have
a very special area. Well, that's very special. We're building
a beautiful ballroom. You can see it's not too small, Coach,
we need it. For one hundred and fifty years I've

(01:28:14):
wanted a ballroom. We're going to give them the greatest
ballroom anywhere in the country. I'm very good at ballrooms.
I'm very good at building things. But I said to
the coach, is a special place.

Speaker 2 (01:28:25):
Everyone who visits the White House is very good looking.

Speaker 10 (01:28:29):
Good looking people. I don't like good looking people.

Speaker 9 (01:28:34):
I don't like good looking men at all, believe.

Speaker 2 (01:28:36):
So here's the problem. They laugh, and that's the problem
that they're encouraging him. My favorite story at the moment
is how he gave the the He gave the pool
job to the poor guy. So he's got to paint it.
Is it American flag blue? I think is the color
American flag blue, which will actually be a very good blue.

(01:28:58):
But having done a pool everything, you understands that the
blue you want is not the blue in the pool.
Because the water changes the color. And Sam can tell
you about that because he went Chateau Gray on his balcony.
And so what you think you're getting is not necessarily
what you're getting. So you just hope that Trump's pool
guy knows what he's doing. We're back tomorrow morning from six,

(01:29:24):
so we'll look forward to you accompany then, as always,
Happy days Fly in Winter.

Speaker 1 (01:29:43):
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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