Full Show Podcast: 13 March 2025

Episode Transcript
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Speaker 1 (00:00):
New Zealand's voice of reason is Mike the Mic asking
breakfast with the range Rover, the la designed to intrigue
and use togs Head.

Speaker 2 (00:09):
Be Wedding and Welcome. Today New Zealand rolls out of
the red count of the Global investor. What comes out
of this? We got to some good news on the
housing market. Sky's Sports are putting their prices up again,
and we've got some new tax law to talk about.
We'll go to Melbourne some F one and Joe's and
Rome and Rod is in Pascars them morning seven past six.
We'll here we go and welcome to the International Investment Day.

(00:29):
I found it somewhat bewildering, I must say, if not
said that, Ginny Anderson on the show yesterday said foreign
investment wasn't the answer to our problems, because actually it is.
What we don't have as a country is size and scale.
If we want to participate in the world, we need
the world involved in what we do. We're not like America,
where you can at least partially pretend you can produce
everything you need locally and whatever it is you do

(00:50):
produce is sold to a local market. In fact, Ginny's
lack of basic economic understanding may well give some insight
and too, why we're having the event we are over
the next couple of days. Labour's view of the economy
is so small, so insular. It is why the borders
were closed for so long, why tourisms not bounce back
while the world has moved on without us, and how
this new government has had to travel so many miles

(01:10):
to knock on so many doors and say don't forget
about us. It could also be a clue if you've
noticed as to why they're currently exercised in the Parliament
over the idea of the public health system using the
private health system to turn through some elective procedures forgetting
of course, that even they did the same thing, and
that it has in fact been common practice forever. And indeed,
if you have a bed and a team sitting there

(01:30):
with capacity, do you really care whether the place you
get the need done is public or private. Anyway, the
Prime Minister, who will be relishing this next week, given
he is pitching not just here but in India as well,
will be able to get back to doing what by
all reports he does best, hustle and sell the polls
might be problematic for a variety of reasons, but you
can't possibly mark this lot down for not getting out

(01:53):
into the world and re engaging both trade and foreign policy. Wise,
between the Prime Minister Peters and Maclay, many circuits the globe,
it will have been completed. Is also right that the
world is washed with cash looking for a place to land.
We once were that place to land. We once were
that rock star economy, We once well, we once had
our act together. Today and tomorrow hopefully is about restoring

(02:15):
our rightful place as progressive go getters.

Speaker 1 (02:20):
News of the world in ninety six.

Speaker 2 (02:22):
Right where are we at with the war Zelinsky?

Speaker 3 (02:25):
It's that important for us to be hurt.

Speaker 1 (02:30):
So that's everyone has the right to express, to share.

Speaker 4 (02:35):
And I think that yesterday we had a pilot, very
positive meeting.

Speaker 2 (02:40):
Next to up the Russians, but with a growing weariness,
they might not be so keen to sign, which might
be a bit of an issue for Old Marco.

Speaker 5 (02:46):
If they say no, then obviously we'll have to examine
everything and sort of figure out where we stand in
the world and what their.

Speaker 6 (02:53):
True intentions are.

Speaker 5 (02:54):
I think it'll be if they say no, it'll tell
as a lot about what their goals are and what
they might sad is.

Speaker 2 (03:00):
Then we come to the tariffs that EU having none
of them, and have toasked a couple of their own backs.
A Kyo, though he's a little more circumspect.

Speaker 4 (03:06):
Obviously like everybody else, I'm disappointed to see global tariffs
in relation to steal and aluminium. But we will take
the pragmatic approach. We are, as he knows, negotiating an
economic deal which covers and will include tariffs if we succeed.

Speaker 2 (03:22):
Market's still on happy stateside about all this, You know,
up and down, back and forth. Even old there will
be no recession. Lutnik might have woken up a bit.

Speaker 1 (03:30):
These policies are the most important thing America has ever had.

Speaker 7 (03:34):
The only reason there could possibly be a recession is
because of the Biden nonsense.

Speaker 6 (03:39):
That we have to live with.

Speaker 2 (03:41):
By the way, mixed reviews on yesterday's White House tearslaw show,
and tell these federal workers lost their jobs and guess
what they're not using their redundancy chicks to buy.

Speaker 8 (03:49):
I become unincountably angry every time I Tesla drives by.

Speaker 6 (03:53):
Now, how do you express that anger?

Speaker 9 (03:55):
Internally?

Speaker 10 (03:56):
Internally?

Speaker 6 (03:57):
I will never wired task like high.

Speaker 2 (04:01):
I love Americans democracy and surprises alive and will in
Greenland too. The opposition Conservative Party won it, So what
does that mean?

Speaker 11 (04:07):
What Greenland is really don't want is to see a
partner who was reliable and responsible in this region now
actively destabilizing it with a kind of rastoric we're seen
from America's president.

Speaker 2 (04:18):
Finally, big deal news an Australian medical breakthrough. We've got
an Australian bloke who's worked for one hundred days with
an artificial titanium heart while he was waiting for a donor.
Now that's the longest ever for someone to live with
the technology inside them. While people have had the heart
put in them for a number of days while waiting.
The man was the first worldwide to actually leave the
hospital and live a relatively normal life until a donor

(04:39):
could be found. The Australian company is called Beavercore and
or by the Court and other devices. Not yet a
proof for general use, but it is years of development work,
coming ever closer to common practice. News of the world
in nineteen inflation watch India lower than expected three point
sixty one. Vegie prices down in India. That's good and
America big read zero point two percent for FI February

(05:00):
and your basis two point eight is that good?

Speaker 12 (05:02):
Yes?

Speaker 2 (05:03):
Below expectations more than Andrew shortly twelve past.

Speaker 1 (05:08):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, Power
by News Talks be.

Speaker 2 (05:16):
Greenland was interesting in the end, and it's not often
you can say that thirty percent of the vote to
the center right opposition, so it's moved conservative. I don't
know that you can read anything into that as that
general sort of europe wide move towards the right. But anyway,
they've got thirty percent of the vote, which means they
need to negotiate a coalition. The important point is they
favor only a gradual approach to independence. Everybody else wants

(05:38):
to get it done right now. Second Party came up
with about twenty percent of the vote. They favor a
different approach to independence. It seems independence it's the only
issue going on in Greensland. So they're Greenland. So they're
trying to put a coalition together. We'll see how they goes.
Fifteen past sixteen Lights Right openm JMI Wealth, Andrew Kellihert,
good morning, Very good Bondy Mike, Retail spend ease. Are

(05:59):
we spending?

Speaker 13 (06:00):
Are we spending?

Speaker 12 (06:01):
Not?

Speaker 6 (06:02):
Really?

Speaker 14 (06:02):
So?

Speaker 3 (06:02):
Yeah, let's let's let's look at some high frequency local data,
shall we can take a step back from the sort
of tit for tat tie riff tie rage that we're
seeing in in North America. Am Am, I being overly hopeful, Mike,
and sort of hoping that at some stage that this
whole tariff thing will get a bit more dignified and
we'll just maybe maybe ye delusional, Yeah, I have been,

(06:25):
that has been, That comment has been made before. Actually anyway,
card spending, Yeah, what are we doing with our wallets?
And look, I'll just refresh your memory on something here, Mike.
We've had this issue recently where we've seen these record
levels of or recent sort of lifting confidence, you know,
consumer confidence and business confidence. But there's still a disconnect
between that and what we're actually seeing flow through to

(06:47):
the real activity. And I think you can you can
see that to some degree in the card spending and numbers.
So this is stats in New Zealand card spending numbers
for February. Nice and current spending in retailed industries increased
point three percent in February compared to January. Core retail
industries increased zero point five percent. But just to sort
of put that into context, January saw a one point

(07:10):
four percent fall in this series, although we did get
a nice boost in December with a two point four
percent lift. So you have got a seasonally adjusted lift
from January to February.

Speaker 13 (07:20):
Albeit modest.

Speaker 3 (07:21):
But if we take a bit of a wider lens
and we look at the annual numbers, there's really no
move in the needle, so very little lift in the
year on year months. And I suppose in related news, yes,
say Mike Briscos Group full year result, I would call
it a light for like sales, a statistical decrease in
sales for Briscoes and Rebel Sport. But at I'd say

(07:43):
it's pretty flat. You know, their gross margin fell a
little bit. But look, in such a challenging retail environment,
that was a very well resultant result.

Speaker 13 (07:50):
As well signaled.

Speaker 3 (07:51):
I didn't actually hear Roger speaking with Ryan Bridges last night.
I'm told he was a little frustrated about the government.

Speaker 2 (07:58):
Yeah, but he told them to quote quote get their
ass into gear.

Speaker 3 (08:03):
Well that's reasonably direct unequivocal, isn't it. Yeah, So looking
forward to the impact of interest rate falls, and we're
still sort of hedging our bets. We're still sort of
I suppose placing our bets, and that on the wider
retail spending front, that those interest rate falls expected into
the set and the set to take effect on people
in the second half of the year will lift some
of this retail retail sentiment.

Speaker 2 (08:24):
All right, Now, what is the trichometer? The famed ay
and zer tra cometer tell us then the.

Speaker 3 (08:28):
Trucks, the trucks. What's happening with the trucks? Good folk
at A and Z getting out there counting the cars
and trucks. Well, the light traffic index is a good indicator,
as we've said before, in the state of demand as
flat Mike a year on year up zero point one percent,
although it did get a zero point four percent rise
in February.

Speaker 13 (08:44):
Let's take the glass hulf full approach.

Speaker 3 (08:46):
It's not fallen away, and of course we did see
GDP fall away in the last couple of reads. We're
waiting to see those Q four numbers next week. We
should see a small rise again. The heavy traffic index
good steer on production look at fell zero point two
percent in februy mic, but it did rise strongly in January.
The three month average on that one is actually four
point nine percent up year on year, so there could

(09:08):
be something stirring there, we hope. Is it a green shoot?
I wouldn't call that yet, but my interest is peaked.

Speaker 2 (09:15):
In that one. Mike Oka that two point eight. Are
we happy with that in America?

Speaker 3 (09:19):
Yeah, we are happy with that. So this is a
CPI overnight in the US. Are we surprise you? A
call of an expect inflation for February? Consumer prices up
two point eight percent. In feb January they were up three,
so there's a four there. Consensus was sitting at two
point nine. So it's a positive beat. Core CPI three
point one, slightly higher for the month, slightly high. It

(09:40):
was zero point two for the month versus zero point
three expected. Just remember CPI is not the first preferred measure,
but it has given the markets a little bit of
a sentiment, a little bit of a sentiment boost. The
thing you got to remember, though, we haven't seen it.

Speaker 13 (09:54):
We haven't seen the impact of all this tariff talk yet.
We'll get that in the next couple of inflation.

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

Speaker 3 (10:01):
Yeah, well, well, so the Dow Jones is bouncing around,
but let's call it flat. The last I looked at
it was up ten points forty one thousand, four hundred
and forty two. It is cheering those CPR numbers. The
S and P five hundred up twenty eight points about
half a percent five six zero zero, and the nasat
looking a little healthier. The Tesla price getting a little
boost from that little stunt of musks and.

Speaker 13 (10:25):
Trumps.

Speaker 3 (10:26):
So the Nazdak seventeen thousand, six hundred and eighty five,
it's up two hundred.

Speaker 2 (10:29):
And forty nine points one point four to.

Speaker 3 (10:30):
Three percent, the forty one hundred up half a percent overnight,
eighty five four to h the neck a pretty flat
rarely three six eight one nine. The Shangho composite was
down eight point for the eight points, but the Australasian
markets were weak es they mark the ASEX two hundred
down one point three percent seven seven eight six, and
the Insects fifty also down one point three percent. Twelve thousand,

(10:51):
two hundred and forty nine. Kiwi dollar a little bit
stronger against the US point five seven twenty seven point
nine ers seven three against the Aussie point five two
four nine Euro point four four one four against the pound,
eighty four point nine three Japanese yen gold is trading
at twenty nine hundred and thirty five dollars and a
little uptick and Brent nothing serious seventy dollars and eighty.

Speaker 2 (11:12):
Eight Catch up tomorrow. Andrew Kelliherjmiwealth dot co dot m
Z Pasky encouraging science. It always happens. But will take
encouraging signs anytime we can see them. That golden visa
announcement by the government a couple of weeks ago has
seen a massive spike. And this is the thing that
it always happens. There are spikes all over the world.
When Trump announced his five million dollar visa the other day,
people went nuts. Anyway, for us, it's up visits the

(11:34):
old website two hundred and thirty two percent up. Sixteen
thousand people between Feb six and March. Sex are and
you know, at least looking at the possibility of coming
to New Zealand. Six twenty one, Ereic News Talks.

Speaker 1 (11:46):
Edb Good the Vike Hosking Breakfast Full Show podcast on
iHeartRadio powered by News talks edb.

Speaker 2 (11:59):
Couple of observations. Michael Martin, who's the head of Ireland,
is in the White House with Trump today and my
question is this, how is it that a leader of
a small island nation of five million gets an invite
to the White House ahead of the leader of oh,
I don't know, a large Australian country of twenty seven million,
who's part of five eyes and who got stuck with
teriffs yesterday. How does that work? Anyway, Trump's in a

(12:21):
good mood.

Speaker 6 (12:21):
Ireland.

Speaker 15 (12:22):
It's a special place and he's a very special guy.
He did it the hard way also, he served and
then he took a little time off and then he
served again.

Speaker 6 (12:30):
I've heard about that. That happens and okasion and he's
done very.

Speaker 2 (12:34):
Well now, Michael Martin, as he's probably been watching Ki Stamma,
what you need to do to get on Trump's good
side is basically suck up to him.

Speaker 16 (12:41):
They commend you in terms of the work that you're doing,
particularly in terms of the pursuit of peace, which we
discussed earlier, and I think that's going well, and you
really have a cross. That's what one hundred is with
this government. You've done some extratted the things very quickly
watching him.

Speaker 2 (13:02):
Yes show, including Albanezy. He hasn't got the invite. Now,
what's interesting about Elderinizi And I watched him yesterday try
and worm his way around, because he came out, you'll remember,
and said, I've just had the most fantastic phone call
with Donald Trump and it's fantam where we're going to
have some exemptions and none of that was going to happen,
so he had to yesterday. And he's not retaliating. And

(13:22):
this is the interesting thing. Australia is not retaliating. It's
not tip for tat on tariffs. He's not got an invite,
he's not going to the White House, and there's been
tremendous amounts of upset as to why he hasn't and
whether he should have and gone over there and twisted
a few arms and done something about it. So anyway,
that's going to be material, I would have thought in
the election campaign. Meantime, More importantly than all of that

(13:45):
is the fact the fire is not going in the
Yellow Chair room. And the reason the fire is not
going in the Yellow Chair room as spring has arrived
in Washington and it looks beautiful, just absolutely fabulous. By
the way, what I was going to tell you, we'll
look at this investment business after seven o'clock this morning
to see what materially come out of the sky Sport
are upping their prices again, do you do anything about that?

(14:06):
Do you can't see your sky sport? Of course you
don't because they've got all the good stuff, until maybe
they don't if Dezone comes in and wins the bit.
Rod Duke is our hero of the day. Get your
ass into gear, which is what I've been In fact,
that wasn't the first time he said that. He said
that on the program when we have him a month
or two back, he said basically the same thing. And
he's not some bored old pensioner who's got nothing better

(14:27):
to do with his time. He's running one of the
most successful companies in this country and he sees what
we see and have been articulating on this program for
a series of months now, and that is this government
really needs to do more than just talk, more than
just announce, actually get some runs on the board. They
need to, as Rod would say, get their ass into gear.

(14:47):
I've got some very well, I was going to say,
very good News. I've got some moderately good news on
the housing market this morning, more data. There is life
there to be seen, and in terms of affordability, it
could well be a sweet spot. More on that in
just a couple of moments here at news Talks, the Beat, the.

Speaker 1 (15:02):
Newss Mikesky been stateful, engaging and vitally the mic Hosking
Breakfast with Bailey's real Estate all together better across residential,
commercial and rural news dogs head byl thing.

Speaker 2 (15:20):
So I'm chatting to you just before the news, and
as I'm doing that, I'm thinking to myself, juice, I
got a lot more time on my hands than I
thought I did none normally pretty good with time, anyone
will tell you that, pretty good with time, being able
to sort these things out. And I'm thinking, why have
I got more time on my hands? Anyway, I'm sort
of and they were looking at you know, I forgot.

Speaker 1 (15:35):
This trending now with the chemist warehouse keeping Kiwi's healthy.

Speaker 2 (15:40):
All year round. Now I could tell you how a
very tough night, which I did. I had a very
difficult night with the dog.

Speaker 17 (15:45):
Is it me too?

Speaker 2 (15:47):
Yeah? So is it the moment not with your dog
with no is it the blood moon. Well, anyway, tough
night with the dog, very very tired this morning. No
excuse as a bloke at the ZB offices in christ
which once told me when I turned up there, he goes,
no one wants to know you personal problems, and I thought, yep,
fair enough, good advice.

Speaker 17 (16:03):
That's right. So we are not going to tell anybody
that what was happening with our dogs?

Speaker 2 (16:06):
No, exactly, So a very difficult night with the dog.
So that probably that that probably partially explains it. Anyway,
The pointer is I forgot to do.

Speaker 1 (16:13):
Trending now with Chemist Warehouse, the home of big brand vitamins.

Speaker 2 (16:18):
And this was a goodie too. It's the US correspondent
for sky Mark Stone with the trade advisor Peter Navarro.

Speaker 13 (16:25):
President needs to be changing his mind by the hour
at the moment.

Speaker 17 (16:30):
To move out of the way.

Speaker 18 (16:31):
What are your what are your views on the on
the fact that if you.

Speaker 15 (16:33):
Don't understand what a negotiation looks like, the president.

Speaker 11 (16:37):
Is negotiating strategically, so stop with a rhetoric.

Speaker 6 (16:42):
Okay, just stop dad crap.

Speaker 16 (16:44):
But but he does seem to be changing his mind
all the time.

Speaker 6 (16:46):
That is that part of it.

Speaker 13 (16:49):
Where are you from from Sky News the UK.

Speaker 6 (16:52):
Instead of what but why is that?

Speaker 14 (16:54):
Why is that?

Speaker 18 (16:55):
It's a fact that he's changing his mind every single day.

Speaker 6 (16:58):
Aciation my friend.

Speaker 13 (17:00):
Right, So he doesn't mean it.

Speaker 1 (17:01):
So it's all part of the negotiationiation and it's.

Speaker 13 (17:04):
Causing havoc to the stock markets.

Speaker 6 (17:05):
It's causing having what it is they are?

Speaker 13 (17:08):
They are tumbling.

Speaker 17 (17:10):
Questions.

Speaker 2 (17:12):
But do you do you back up?

Speaker 6 (17:15):
What's my start?

Speaker 18 (17:16):
I'm allowed to ask questions as so you don't believe
that it's causing havoc to the stock market.

Speaker 6 (17:21):
Here's what we're gonna do.

Speaker 15 (17:22):
I can either stay here and answer your questions and
you can be civil about it, or you can hector
me like this, So stand back, get that thing out
of my face.

Speaker 6 (17:31):
You've had your chance to ask questions.

Speaker 2 (17:33):
At that point you've then pulled the gun out and
shot him. Joe McKinnon's got an update on the pope,
which I think is going to be good news, so
I look forward to that. Meantime. Back here more evidence
that we have a resuscitation of sorts of the New
Zealand real estate market new call logic data. It shows
we're back to the best levels of affordability since COVID.
So what's going on here? Call logics to your property

(17:54):
economist is, of course Kelvin Davidson, who's back with this,
Kelvin morning, good lord. So let's look at these factors.
You've got the prices, you've got wages, you've got interest rates.
Are they all sort of playing their part at the
moment we're mixing them up into something sweet and lovely?

Speaker 13 (18:07):
Oh?

Speaker 19 (18:08):
Well, absolutely. I mean, look what's happened in the past
of the two or three years. Prices down twenty percent,
incomes have gone up some percentage over that time. I
don't have to date off the top of my head.
They've seen the gone up. And of course the biggie
is mortgage rates. That those sharp falls really putting cash
back in people's pockets and making them more confident training
in the housing market.

Speaker 2 (18:27):
Do you have to move now? Is this a sweet
spot before it's too late or not?

Speaker 19 (18:33):
I think most views about the market over the next
couple of years are still fairly cautious. I mean, yes,
mortgage rates, we've seen before the impact they have. But
at the same time, the economy is still a little
bit subdued. There's still a lot of lit things it's
definitely still a biased market, and we've got debt to
income ratio restrictions this time, which we're aren't doing anything
right now, but it's sort of lurking out. They're ready

(18:55):
to restrict loans if and when mortgage rates get even last.
So I think there's there's a few reasons cautious.

Speaker 2 (19:00):
I'm told investors are back.

Speaker 19 (19:03):
Yeah, they definitely are. You switched that hat on because
the market share for investors has been rising for six
and nine months and now it's probably back to about
where it normally is, so big changes for investors, and
of course tax bills have got smaller. But I think
really it's again about those mortgage rates. You have a
lot of mortgage rate the top ups that you have
to put into a new rental property ownsburg, and I

(19:25):
guess that's just turning activity around.

Speaker 2 (19:27):
The banks writing money. Are people flooding and going yes please.

Speaker 19 (19:31):
Yeah, the mortgage lending has definitely picked up, and it's
been driven a lot by certainly trading houses, but also
we have seen a bit of bank switching activity, so
those the abilities or people are on floating rates or
short fixes, so they do actually have the ability to
switch banks.

Speaker 2 (19:48):
Interesting.

Speaker 19 (19:49):
We're actually sitting there a bit going on, and and
I guess some keen deals from some of the banks
have been enticling people across.

Speaker 2 (19:54):
Now your commentary on rentals, Now what I thought there
was a flood of rentals on the market. Therefore price
as we're going down, why are you trying to tell
us that things are tight?

Speaker 19 (20:04):
So at the moment, the ratio of rents to household
incomes is at a record high, and I guess it
reflects what's happened over previous years. We did see a
big rental boom that pushed rents up in relationship incomes.
That that rental boom has pizzed out. And I mean,
rents aren't necessarily falling. You don't tend to see them
fall very much. They tend to fletten off. And I
guess that's sort of just what's happened in the past

(20:24):
twelve or eight in months. But certainly a tenant's market,
there is a lot of choice out there, net migrations
come down, so yeah, just a little bit difficult for
landlords to be pushing through rent increases.

Speaker 20 (20:34):
At the moment.

Speaker 19 (20:34):
But at the same time, you don't tend to see
rents fall, there could be a flattering period good stuff.

Speaker 2 (20:39):
Come appreciate the expertise as always. Kelvin Davidson call Logic
chief property Man, eighteen minutes away from seven, asking as
much love as there was in the room with no fire,
but the yellow chairs between Martin and Trump. Trump is
of course still charging tariffs on Irish pharmaceuticals.

Speaker 6 (20:54):
We do have a.

Speaker 15 (20:54):
Massive deficit with Ireland because Ireland was very smart. They
took our farmers companies away from presidents that didn't know
what they were doing.

Speaker 6 (21:04):
And you know, it's too bad that happened.

Speaker 15 (21:06):
It's a tremendous job. I give Look, the Irish are smart, yes,
smart people, and you took our pharmaceutical companies and other companies.

Speaker 6 (21:16):
But you know, through taxation and.

Speaker 15 (21:17):
Proper taxation, they made it very very good for companies
to move over there. And we had presidents and people
that were involved in this had no idea what they
were doing, and they lost big segments of our economy.

Speaker 2 (21:31):
I'm not sure they didn't know what they were doing.
The Ireland was offering was a ten or twelve percent
for corporate text right and said come on, so, I
mean that's just called good business. Isn't it Donald good?

Speaker 17 (21:38):
Good to know that all Irish people are smart?

Speaker 13 (21:40):
Right?

Speaker 2 (21:40):
Yeah, that's good? Isn't he condescending? More from the EU
and the Moment? Joe's next seventeen to two.

Speaker 1 (21:45):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks It be Now.

Speaker 2 (21:52):
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(22:12):
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(22:33):
RA eighteen bet responsibly husky quding Mike. This from Auckland
Airport where three out of six security lines are working.
Queues literally out the door, A total mess and apparently
not unusual. I haven't had an Auckland Airport's bugged text
for ages. Good to hear from you thirteen to.

Speaker 10 (22:49):
Two International correspondence with ends and eye insurance peace of
mind for New Zealand business.

Speaker 2 (22:55):
Lets go to a Lee Joe.

Speaker 12 (22:55):
How are you.

Speaker 2 (22:58):
Great?

Speaker 9 (22:58):
Mike? How are you?

Speaker 2 (22:59):
I'm very well? Indeed, Neil Paper seems to be on
the meandor and by being hopelessly optimistic here.

Speaker 8 (23:05):
Well, they are saying that Pope Francis is now stable,
he's out of imminent danger and by the way, he's
marking his twelfth anniversary of his pontificate tomorrow in hospital,
so he's been in hospital for almost four weeks.

Speaker 9 (23:19):
The question now is will he leave? When will he leave?

Speaker 2 (23:23):
Do they still update daily and go here's where he's
at and that those answer those sort of questions, or
you just don't know.

Speaker 8 (23:30):
We're getting an update a medical update every forty eight hours,
so we're due for one shortly hopefully get some information,
but he's still taking oxygen, oxygen mask, full mask when
he goes to sleep, and a nasal cannela during the day,
So until he breathes on his own, I think it's
ambitious to think he might be leaving hospital.

Speaker 2 (23:49):
Okay, global matters, what do you make of the ceasefire?
How's that gone down in your part of the world.

Speaker 8 (23:54):
Well, plenty of divisions across the Italian political parties, as
you can imagine. A Minister Georgia Maloney and the Foreign
Minister Antonio Taiani have welcomed the talks between the US
and Kiev trying to end that war. Some plenty of
division though over EU efforts to and step up defense
spending across Europe.

Speaker 2 (24:15):
So I just don't know. We wait for the Russians,
I guess, don't we in that sense, And depending on
what they say depends on where it goes from there.

Speaker 9 (24:24):
Well, today we had a vote in the European Parliament.

Speaker 8 (24:28):
It was a non legislative resolution but approved by more
than four hundred votes in favor of rearmament.

Speaker 9 (24:34):
But the big question is who's going to pay for it?

Speaker 8 (24:37):
Not a lot of confidence that the Italians have enough
money to certainly boost their own defense spending.

Speaker 2 (24:42):
You've had that whole debate about we all need to
spend more locally. I mean everyone seems to from Starma
to Germany, Etcas Italy had that particular discussion. And have
we come to any conclusion as to how much you
should spend it on what?

Speaker 8 (24:53):
Look, it's ongoing. There's talk about increasing it by three percent.
I think up to three percent. I think that's very ambitious.
The League, for example, the Deputy Prime Minister Mao Selvini,
is against rearmament, against boosting defense spending. He wants to
see more spent on health and education. So that gives

(25:14):
you an idea of just some of the opposition within
the coalition itself.

Speaker 2 (25:17):
Interesting who's doing the school reform? Its this local or national?
And isn't it ironic that in the handwritings coming back,
isn't it lovely in a lovely old fashioned sort of way.

Speaker 8 (25:28):
Well, this has I think been hidden on the Maloney agenda.
But the government is very strong about sweeping reforms through
the education system and trying to get it back on track. Incidentally,
Italy has one of the lowest leisuracy rates in the OECD,
but the government is trying to push new guidelines making

(25:50):
Latin optional, but a renewed focus on European history, Greek, Roman, antiquity,
the impact of Christianity on the classical world, and the
Bible is being considered a literary source.

Speaker 2 (26:03):
Wow. How interesting. By the way, are you seeing that
they say don't come to Rome this year because of
Jubilee year? You're seeing that yet or not?

Speaker 9 (26:12):
Look, I'm seeing plenty of tourists on the street.

Speaker 8 (26:14):
But I spoke to someone today who has a small
airbnb and she said, January and February we're a disaster.
I think many of the pilgrims are choosing convents and
monasteries and not really boosting the mainstream hospitality industry.

Speaker 2 (26:27):
Very interesting Yet spring in the year, Oh, that'll of
rain this week, so yes and no, okay, stay dry
and we'll see nextersday. Appreciate it as always. Joe mckinner
out out of Italy, and of course with the EU.
Guess who thinks the EU's had it too good for
too long?

Speaker 6 (26:43):
European Union has been very tough.

Speaker 15 (26:46):
And it's our turn too, you know, we get a
turn at that also, but they have not been fair.
They see our companies and when massive amounts of money
they sued.

Speaker 6 (26:56):
Apple won seventeen billion.

Speaker 15 (26:58):
Dollars and they use for other reasons, I guess, or
to run the European Union.

Speaker 6 (27:04):
So I'm not knocking it.

Speaker 15 (27:05):
They're doing what they should be doing, perhaps for the
European Union.

Speaker 6 (27:08):
But it does create ill well does it?

Speaker 2 (27:12):
Or are they just successful? It's difficult to say a
nice little free song going on there because he's defended
himself well as Martin in terms of yes, there might
be a deficit, but at the end of the day,
they're actually a very very very successful economy and all
the stuff that he's complaining about has been a direct
outworking of their smartness and success. Nine away from seven the.

Speaker 1 (27:33):
Mike Hosking breakfast with the Range Rover Villa News Talks
head been.

Speaker 2 (27:37):
The gala dinner at this big investment thing yesterday but
we haven't even opened it officially. But one of the
companies here, Plenary, which is an Australian headquarters infrastructure investor. There,
they've confirmed this morning they're going to be bidding on
at least five PPPs. New Zealand markets is a priority market,
so barely said good morning and the money's flowing five

(27:59):
and it's away from seven.

Speaker 1 (28:01):
All the ins and the outs. It's the fizz with
business favor. Take your business productivity to the next level.

Speaker 2 (28:08):
Meantime, back in tariff town Boeing, what's it mean for
Boeing all these tariffs. Aircap, which is the world's largest
aircraft leasing company. They brought one hundred and fifty planes
and helicopters and spear bits from Boeing last year. The
boss is a bit worried about that because he says
that the worst case scenario comes to pass twenty five
percent increase in the tariffs, then the price of a
Boeing seven eighty seven, which is a big one, is
going to go up by seventy million bucks just like that,

(28:32):
because of all the stuff they bring in from Canada.
The result would be that Boeing's aircraft's become even more
expensive because two thousand parts are used to make a
Boeing from seven hundred different supplies. And that goes back
to that. And there's any number of articles about the
place there's actually nothing made in America. There's a lot
of stuff made in America, but very little made in America.
If you know what I mean, there are bits made
in America, but then they need other bits, and those

(28:54):
other bits come from other parts of the world, and
that's called what's it called again, globalization yet?

Speaker 17 (29:01):
So anyway, does those include the ladders that they leave?

Speaker 2 (29:05):
Just twenty two percent of global deliveries by twenty forty
three could to could go to air bus. Sorry, that's
the wrong number. I'm giving you the wrong number. Eighty
percent of global deliveries could go to wear bus because
if Bone becomes too expensive, and that's before you get
to the part that Bones had all sorts of troubles
and can't make plans properly at the best of times

(29:26):
and all of that. If you've become too expensive, then
what happens as you go elsewhere? So instead of air
bus going I know what we'll do is we'll go
set up in America and will play Trump's game. They
just stay where they are and all the customers go
to the end. Why hasn't he worked this out? It's
not that hard. As the inventor of the free market
I in New Zealand, I guess we have the intellectual

(29:48):
advantage over people like him who've never really quite got
to the bottom of it. Right. The money, the big
money is in town. The investment conferences underway will have
a look at what the prospects are. After the news
which is.

Speaker 1 (29:57):
Next Ye opinion and everything in between. The Mic Hosking
break best with Veda, Retirement, Communities, Life Your Way News togs.

Speaker 2 (30:08):
He had been seven past seven, So a lot riding
on the next couple of days for the country and
the government. They're much hyped investment summit designed to get
some very heavy hitters into the country and in the
room to tell them one we're open and wanting you money,
and two here is what we have for you to
invest in. Morrison and Co are infrastructure and investors. They've
already delivered schools and prisons, university accommodation here through PPPs
Chief executive Paul Newfield is with us. Paul morning, being

(30:31):
very well. Indeed, what's your expectation. What do you want
to see in the next forty eight hours.

Speaker 14 (30:37):
I'll see what would be great and I think by
the way they'll deliver this first of all, is our
government telling the world New Zealand is just a great
place to invest right now to safe Haven. We're a
really stable We've got good institutions, rule of law. That's
more unusual than it should be in the world today. Secondly,
we would like to see some investable opportunities, things that
people can actually get their teeth into in the next

(30:58):
twelve to twenty four months. And then what we really
want them to say, there is a multi decay pipeline.
Here's our vision for what infrastructure in New Zealand could be.
And importantly, you know, even if there's changes of government,
we're committed to doing this over multiple decades because that's
what we get people here.

Speaker 2 (31:12):
The tangibles, you know, are prison a road, does that
matter or not? Or a project's projects.

Speaker 14 (31:20):
In some respects projects of projects in terms of getting
people here, getting builders here, getting investors here. As long
as they're shaped well, I think there will be shaped well.
I think obviously for New Zealand it matters. Hopefully it's
not just all words. We can love to see some
twenty per century infrastructure that gets New Zealand catching up
to being the country that could be.

Speaker 2 (31:39):
Okay, we am two things. Is the Prime Minister right,
the world is washed with.

Speaker 14 (31:43):
Cash, absolutely, but it's also a wash of opportunities, right,
So New Zealand needs to compete. When you think right
back in the athes, New Zealand was the pioneers. Literally
we're the first country in the world to start inviting
the private sector into infrastructure, and then we then kind
of went quiet for a long time. We'll caught up
in it's great for us, as Morrison, that mean a
Key company could go off capability and become a world beater.

(32:06):
But actually I'd love to come back and do this
back at home right now.

Speaker 2 (32:09):
Right So that was my second question. A lot of
the world I'm reading is doing this. Everyone's into getting
cash into projects. So how much competition do we face
and are we still hot ish?

Speaker 14 (32:19):
There's enormous competition, and like at our investment committee every
week we're probably looking at side different opportunities from around
the world. Obviously we love doing things in New Zealand,
so there is competition, but for us, as keywi Is,
we'd like to be doing more at home.

Speaker 2 (32:32):
Plenary Australian company I've already said this morning they're in
for five, they'll bid for the five that are already
out there. Is that the sort of competition we want
to see by the end of this forty eight hours
for you average every day punter. Do we want to
see a bunch of companies going we're in and here's
what we're in for exactly?

Speaker 14 (32:47):
You want to see plenty of competition. I think the
other thing you really want to see is the right
kind of money showing up. So you want people who
are long term patient, actually want to invest in growing country.
You don't want just kind of quick flip money. And
so I think, so why it's great We've got some
of these really big global pension funds and sovereign funds
here the ither think would be really good for New
Zealand as a key WE saver. Really wake up to

(33:07):
this opportunity, right, So not just internationals. In Australia there's
a four trillion dollar superannuation scheme and about fifteen percent
of that to six hundred billion goes into infrastructure. So
that's no instance. Stuff got great infrastructure. You'd love to
see key WE saver as it gets start putting more
money into New Zealands and prastructure and global infrastructure.

Speaker 2 (33:26):
Good stuff, and appreciate the insight. Paul Newfield, who is
the Morrison and Co Chief executive in this part of
the world ten and has past seven OSCAR got a
new Ministry of Justice. Victims of Crime Survey approval ratings
for the police have increased a couple of places to
sixty nine percent. Now the Police Acting Deputy Commissioner Mike Pennett,
where there's Mike morning, Good morning. Now the numbers are
the numbers. We feel, I think most of us that

(33:47):
things have changed, the approaches different, crime is coming down.
Do you see and feel that yourself, even if you
didn't have a survey.

Speaker 12 (33:54):
Yes, we are seeing and feeling it, and we're feeling
that that change and the environment that the survey is
actually reinforcing those feelings, which is really important to us.

Speaker 2 (34:05):
Is it fair to say most of us never actually
deal with the police and therefore this is just observation
And if it's just observation, what does it mean.

Speaker 12 (34:15):
Look one hundred percent that the vast majority of the
public in New Zealand don't deal with police on a
day to day basis. This is observation, but it's observation
from people in their homes over a period of time
that reflect their interactions and their perceptions of what police
are and what we are doing.

Speaker 2 (34:32):
The seventy four percent who were either satisfied or very
satisfied with the service they received when they did in
fact contact you. So this is real contact. Is that
that specific customer feedback? And what's that tell you?

Speaker 12 (34:47):
That tells us that we're starting to get and ensuring
our public interaction and service is good and improving. Don't
get us wrong, we have a long way to go
and continuing to build trust confidence in the community is
absolutely vital to us.

Speaker 2 (35:03):
Indeed, so that the people who don't get what they
wanted in an interaction like that, would that be the
lower level stuff and they're frustrated and there wasn't the
resource or they ever rang back or whatever.

Speaker 12 (35:14):
Yeah, look, absolutely that can be the case. And you
know there are people that are satisfied with the way
they have a direction with the police, and that's to
be expected.

Speaker 2 (35:24):
Is there a conversation there? The reason I asked the question,
is there a conversation there around expectation? It's the old
one one. One thing my summation of the police is
in a disaster, you're there. If I've got to cut
up a tree, maybe you're not in my might need
to lie my expectations on what you're actually there to do.

Speaker 12 (35:41):
Yeah, and that comes back to the initiative. You're seeing
with our poor policing, we're actually going back to those
basics and doing what we do and doing it well.
Being visible. You've seen that with the Community Beat Policing indusatives.
You'll see it with our increased community Reassurance focus as well.
It's being visible, interacting and making every interaction with their public.

Speaker 2 (36:02):
Count all right, We'll keep up the good word. Mike
Pennett of the Police thirteen past seven, the Affordability report
earlier on housing, our new numbers in this morning, just
quickly from trade Me just to update you the number
of properties listed for sale around the places continuing to climb.
You are not short of choice. Record levels on inventory,
Fair Beloan up twelve percent year on year, time to

(36:23):
sell going down, very good sign at Tigo up twenty
five percent on inventory South and Wellington Cantering up nineteen percent.
So a lot of housing asking price eight fifty one,
that's up, so time to sell down prices up, more
houses on the market. That's a sweet spot. As far
as I'm concerned. Two of fifteen regions are recorded both
month on month year on year growth in average asking prices,

(36:46):
So bullish might be too strong a word. But certainly,
certainly some light at the end of the housing tunnel.
There fourteen past.

Speaker 1 (36:54):
The hike, Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at B.

Speaker 2 (37:00):
I should mention that the government changing, you're looking to
change some tax treatment. It's kind of high for louted,
but it deals with expats and new migrants, and it's
the way you treat tax and it all debtails them
with this investment conferences all anyway, the Revenue Minutes Assignment
WATS is with a shortly sixteen past seven, a good
old sky sport come to the inflationary party with a

(37:20):
good old price rise almost twelve percent more as of
May now. Octagon Aset Management Equities analyst Page Hennessy is
with us on this page. Morning to you. Morning makes
I'm very well indeed, so as a punter, of course,
we all hate wage rises or cost rises, but I
suppose that's an investor, it's the bottom line. You're bringing
in more revenue and if you can make it stick,
that's no bad thing.

Speaker 21 (37:42):
Yeah, I mean, that's exactly right. Like, no one likes
the price increase, but for us as an investor, we
see it's a reflection of reality. For Sky Sports and
streaming sports new guns that the prices continue to go
up and for Sky to produce an actual profit, they
must reflect that within their prices, especially if inst Are
is not willing to see right sir, flation comes through

(38:03):
in their space.

Speaker 2 (38:05):
The old nz Are debate, do you do? Analysts like
you follow that with a great deal of interest? Does
this make or break ish for Sky? Depending on which
way pauls?

Speaker 21 (38:14):
And that is the huge debate for us really right
like last every five of the years we had this debate,
which is whether or not Sky actually needs those new
Zean Rugby riots to be a profitable business. And last
time everyone said it would have been fatal, and Sky
clearly agreed. They paid up one hundred million year and
gave a stake into Rugby to make sure they've secured

(38:34):
those rights over Spark.

Speaker 12 (38:36):
The problem is we.

Speaker 21 (38:37):
Just don't know right as an investor, we don't know
what the cost face looks like for Sky and ultimately
don't know how many consumers would churn on the back
of losing Rubby, and so for us it can be
quite make or break because we don't know whether or
not the share price will have from here.

Speaker 2 (38:52):
That's from here, from an analyst point of view, is sport.
They're stickiest thing. In other words, they can come out
and yes, I hate it, but I will pay it
because it's sport and I love New Zealand love sport.

Speaker 21 (39:01):
Therefore, though cough, I think that's really hard to tell.
I think New Zealanders absolutely love sport. I think what
New Zealander's is the breadth of the sports offering, and
that's what's probably the most important to Sky these days
is that it's not just New Zealand rugby you want
to watch.

Speaker 12 (39:18):
You want to watch.

Speaker 21 (39:18):
Af the NFL, the NBA, and it's the fact that
I can go to one place and pay for it all.
I think that that is their key consumer offering.

Speaker 2 (39:27):
I couldn't agree with you more because I'm not interested.
Although I have the money to buy a whole bunch
of different stuff, I can't be bothered. And if I
can get it in one place, that's value, isn't it.

Speaker 21 (39:40):
I totally agree. I think one it's convenience, and too,
I think you actually end up paying less overall, Like
if you think about the streaming on an entertainment basis,
if you're paying with Disney class pays with Netflix there
on Amazon, Eventually you end up paying more than if
you just paid for a single aggregator who was bundling
or your entertain into one. It's the same with sport,

(40:01):
and we've seen in the parts when Sparksport left the
market most people actually benefit because we saw more sport
roll back into Sky and suddenly we weren't paying an
extra twenty five dollars a month on top for Sparkport
that we were also already paying for Skysport because most
of them reality had both packages exactly.

Speaker 2 (40:18):
I don't really have time for this, but I'm too
fascinated if the Zone come in and could they take
Sky completely.

Speaker 21 (40:26):
Look, they've done it, They've done it in Australia just recently.
They're a quiet Fox Shower, which you would consider the
Sky's counterpart. I think that's a smart pay, Like do
you come into a market you don't know with a
singular sport and a subscriber base you don't have. That
seems like a hard way to monetize assets to me,
Whereas you could pick up Sky Sky trades that are

(40:47):
two times even a monthiple they just paid seven times
for Foxtown Australia like it is a bargain and you
get your huge subscriber base around six hundred and fifty
thousand subscribers on top of a bundle of sports rights
and entertainment rights. It just seems to me the microological
answer if designer is going to come into the market, right.

Speaker 2 (41:04):
Stuff page, I'm Joe talking to you. Appreciate it. We'll
get your back page. Hennessy, Who's where the Octagon Asset
Management Equities? Watch the Space seven twenty.

Speaker 1 (41:13):
The mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks EP.

Speaker 2 (41:22):
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it myself, asking seven twenty four. So the latest pole,
Oh yes, another pole. This one's on school lunches. Did
you see that? It's no more credible, by the way

(42:24):
than the political pole that came out the other day.
But but it does play into the narrative, and the
narrative is like it or not, the school lunch program
is a dog. Now regulars will know my views on this.
I am frustrated beyond words at the mad pile on
that has ensued around this. A government with a basket
case economy handed to them by economic vandals has worked

(42:44):
desperately to write the ship. One project seeking savings was
school lunches, which we shouldn't even be providing in the
first place. It's turned into a middle class bitch fest
led by unions, agitators and a lazy, biased, compliant media
but not helping. Word delivery issues, not good enough but
now seemingly fixed and exploding lunch in a burnt kid,
not good enough, and a company now in liquidation. Although

(43:06):
important to note, as we mentioned yesterday, it has no
effect on the actual lunch production and rollout, so the
rest of it was just nonsense sniveling teachers who claimed
kids didn't like the taste. It is truly pathetic, and
made worse by the fact the world has got some
real issues to be focused on at the moment, but
we're too myopic to notice. But Torbert Mills poll about
as useful as the Curier pole the other day, random

(43:29):
thoughts of people who say yes, having an opinion but
not based on any knowledge. Sixty five percent say the
lunch program isn't working. How would they know? Media coverage
is the answer? Media is biased. Sixty percent want the
old system back. Who's paying for that? See Pole answers
Easy answer, Pole Real easy who's actually paying for it.
Fifty three percent of people are not convinced our National

(43:49):
Party supporters. Now here's the issue. See, it doesn't matter
what's right or wrong, accurate or factory or silly or
overhyped or engineered as a campaign politically. From the unions,
teachers and media's point of view, this is what it's
been successful. People believe it's a mess, and perception is reality,
and in politics, perception is votes. If people believe you

(44:10):
are hopeless or dishonest or don't deliver, it is what
it is. Logic, fact and truth come a very distant
second of vibe and mood. Can it be fixed? Yes?
Can the mood be turned? Of course it can. This
will be a non event in no time, like most
small scraps that absorb us, but as an exercise in conception, execution, delivery,
and sales numbers, no matter how lucipol may be. Don't

(44:31):
lie pasking Mike. Can you ask Sky why won't they
allow sports only package? I just want sport. I think
they do have a sports only package. They don't have
a sports only view.

Speaker 17 (44:40):
You have to have the starter pack.

Speaker 2 (44:42):
What about that sport go skysport go, what skysport goes
by itself. You buy skysport go that's it.

Speaker 17 (44:50):
Well, don't get okay.

Speaker 2 (44:55):
My point is, are we confused as punters and customers? Yes?
We are. Do we know what the answers to these
questions are? No, we do not. Are there too many
players in the market offering too many different things, too
many different price points, And eventually we just go, oh,
you know what, I can't be bother that I think
Neon put their prices up as well, wouldn't they? And
I got Neon, And if it wasn't for White Lotus,
I wouldn't have Neon. Actually, speaking of companies, I've got

(45:16):
a very good story on All Birds. Still a really
ugly shoe. No change there, really ugly shoe, but they've
possibly pulled off a stroke of genius. More shortly to.

Speaker 1 (45:28):
New Zealand's home for Trusted News and Views, the Mike
Hosking Breakfast with the range Rover Villa designed to intrigue
and use tokstead.

Speaker 2 (45:38):
Be Not only do I have a very good three
about All Birds, one in the Redistrict Council might be
my favorite council in the history of local body politics
in this country. So more on that shortly will go
to Melbourne in the F one after eight meantime, a
little bit of movement and the tax treatment or a
treatment of tax. These are changes to the Foreign Investment
Fund rules. Now. The idea is that encourages migrants to
stay in the country. A double tax is a real

(46:00):
concerned apparently for many wanting to move here, not only
migrants but expats as well. Essentially it's about paying tax
on investments when the gains are realized. Now the Revenue
Minister Simon Wattson is with us. Simon, very good morning
to you morning. Are you part of this big investment
welcome to the world thing over the next couple of days.

Speaker 14 (46:17):
I am.

Speaker 7 (46:17):
I'm actually in the Beehive at the moment that I'm
heading there this evening to do some talks tomorrow with
energy investors.

Speaker 2 (46:23):
Fantastic. So this treatment without getting too high for looting
about it, and this is mainly aimed at Texas at tech.
Has this been on your radar for a while? Is
this a major issue or not?

Speaker 7 (46:35):
Yeah, it has, It's been on the radar. I've heard
it clearly pretty much as I came in as Revenue
Minister new Zilland's one of the only countries in the
world taxes these foreign investments based on assumed earnings I
guess you could say paper earnings versus actual real ones.
And this system hits migrants, particularly returning kiwis, and those

(46:56):
that are wealthy unfairly, especially those in the tech and
startup and you know, we've made some changes to fix
that system, and we've been getting some pretty good feedback
around that good.

Speaker 2 (47:07):
So an example would be I invest in a company,
its value starts to rocket, I'm not it may well
be still losing money. I'm not getting anything back, but
you were still taxing me on that.

Speaker 7 (47:18):
It's right, in effect, taxing you on the paper profit,
but you haven't got any cash to be able to
pay that tax bill until you actually sell the business
or realize that that's not obviously going to be that helpful.
And we've made changes to allow you to wait until
you actually make that sale before you pay that tax.
And it's quite a simple change in what is a

(47:38):
complex area. But you know, what we do know is
that for wealthy returning kiwis, a lot of them go
to Silicon Valley or wherever they go and start a
business overseas. They make a bit of money. But this
is one of those barriers, and you know, it's not
going to solve the world, but it is actually going
to make it easier for those returning Keyis and migrants
to go, hey, you know, I'm going to go back
to New Zealand and set up life here, and every

(48:00):
one of those people that comes back here is going
to pay tax and that's more than what we have today.
So from our point of view, you know, this upside.

Speaker 2 (48:07):
Any sense of the split, how much of it's about
expats versus new migrants, and the migrants actually once they
land here staying here.

Speaker 7 (48:15):
It's pretty hard to quantify. But from our point of view,
we just want to move any of the barriers that
are stopping these people either coming home or wanting to
choose New Zealand as a place to invest and do business.
So from our point of view, you know, we're not
either either does well for us. But you know, we
had a pro system that was broken and we've taken
the action to fix it, and you know, I think

(48:36):
that's going to be good.

Speaker 2 (48:37):
So when you say you've taken the extit thing, this
goes back to when in twenty four is at April
twenty four.

Speaker 7 (48:42):
It's actually going to be put through in the tax bill,
but it goes we've done it retrospectively, so from the
first of April twenty twenty four this will come into play.
So stick of certainty to investors right now knowing Okay, well,
I know how this is going to work. That's an
upside for me, and I'm going to.

Speaker 2 (49:00):
The other thing. Of course, when you get migrants in
the country they want to buy a house, when you're
going to move on that and let them buy.

Speaker 7 (49:05):
A house, Well, that's not under my portfolio, Mike, as
you know, but I'm sure other people are considering that
at the moment that I don't have any update on that.

Speaker 2 (49:15):
Good on, You're nice to talk to. You appreciate it
very much, Simon, what's revenue minister? Nineteen minutes away from
seven to ask? Eighteen minutes away from it. The reason
I asked that question is there was a question specifically
about it in the House yesterday and Peters, who was
playing Prime Minister, denied it. So the word is that
they're going to make the announcement over the next couple
of days that the ban on the foreign house buying
is going to be dropped. Currently there are exemptions for expats,

(49:37):
obviously Australians and singapore Rians, and that sort of takes
everybody else out of the picture. But they're going to
change that. But there was a question yesterday and Peter's
I don't know whether Peters was playing silly buggers or
whether they sort of struck a hurdle because he's the
one who was holding it up. Mike, call me dumb,
but how do these investment companies make money off infrastructure
projects in New Zealand? It's very simple. What happens is

(50:00):
that the government of the day says we want to
build a road. Do you want to help us build
a road? And the investment fund goes yes, we would,
And I tell you what we'll do. We'll have a
look at how long is the road, and how wide
do you want it, and what sort of material would
you like it made of? And when do you want
it done? By right, we'll charge one hundred bucks. That's
how it works, and that one hundred dollars includes a margin,
and they take the margins like any other business transaction.

Speaker 1 (50:19):
Eighteen to two The Mike Asking Breakfast Full Show podcast
on iHeartRadio powered by news talks.

Speaker 2 (50:26):
It'd be now All Birds they lost. They made their
announcement yesterday. They lost another ninety three million dollars. They
lose a tremendous amount of money. Actually, the full year
twenty four revenue fell by twenty five percent, one hundred
and eighty nine million dollars down. Timbre See the thing
about All Birds that I like is Tim Brown's and
Volve Form are all white of courso in New Zealand
connection he got out to the world. He sort of
made a massive splash and tech was all into it,

(50:49):
and these shoes were fantastic and it was the future.
But that it's never really taken off. And I've discussed
it at length on the program. We've had Tim on
the program. He remains bullish for his company. They were
big on bricks and mortar for a while. I like
bricks and mortar. The bricks and mortar hasn't gone well.
Part of their losses involved the cost of closing down
all these stores. But then the other day, purely by accident,

(51:09):
I discovered what I regard as potentially a stroke of genius,
and I stumbled across a video series that's hosted by
Stanley Tucci who I could not be more in love with.
And if you haven't seen this program about discovering Italy,
that's a must as well. But he's been hired by
All Birds in a content marketing series. Basically, it's sort

(51:32):
of dreamed dinner party. It's called something like cards on
the Table and they sit around with guests and they
pull a card out and they ask a question. But
he's hosting it, so that elevates the thing immediately. First guest,
three people around the table. One guy I can't remember
the name of, but Carlos Seitz was one of them.
So if one immediately he's there with melc spice girl,

(51:52):
and they do this thing where they just sit around
the table, have a discussion, ask some questions. Something of
this is called Now I don't know what it's got
to do with it Birds or whether you go out
and buy a pair of jandles as a result of
watching this, but it's a clever idea. It's very conceptual
and I'm into this. One thing I did notice, by
the way, when he introduced himself, Carlos Science calls himself
Carlos Sciinth. There is no z Carlos Saint, not so

(52:16):
next time it's Carlos science wrong, Carlos Saint.

Speaker 17 (52:19):
I've been still been calling him. Carlos says, well.

Speaker 2 (52:22):
You're wrong, double wrong, double wrong. So anyway, look that
up and see what you think. But as an I
don't know what it costs them. I don't know what
Stanley Tucci charges to sit around a table for extended
periods of time and talk to people out a dinner parties.
But it's I like the idea and it's well worth
looking up. And if it helps all birds, fantastic.

Speaker 17 (52:39):
Now, so he's just making a career eating things on TV.

Speaker 2 (52:43):
Does it's what he does. It's fantastic. And now next
is Wanganui Council, which yesterday I told you about. I
think it's a good idea. So Wanganui yesterday I told
you about. Is you apply, you go in a pool
of local voters, a pool so to speak. Yeah, that
was a leading up to that, Glenn, you killed them
a punchline.

Speaker 17 (53:02):
Sorry, just forget I said anything.

Speaker 2 (53:04):
So you go and pull they pull your name out
and they then pay you five hundred dollars to go
to a series of meetings about five lasting three hours each,
So fifteen hours worth of meetings on this particular subject
at swimming outdoor swimming and Wanganui. So I thought, that's
not an unreasonable idea if it gets more and more
people involved in local body politics. The s Morning's News

(53:24):
also from Wanganui. How many times have you heard Wanganui
mentioned twice on this program?

Speaker 17 (53:29):
Never well since they changed their name, Well, exactly.

Speaker 2 (53:32):
Why wangan Oui. They're dropping the curb side food scrap collection.
So the stupid little plastic containers that some seties around
the country have where you put your orange peel in
and then you put it out on the footpath and
watch the wind blow them all away, complete and utter
waste of time. Reason councils did it as the previous
government that shall not be mentioned made it compulsory. Of

(53:53):
course they did so. Anyway, now the new government that
will be mentioned said, don't worry about it if you
don't want to so wog and we thought, ah, shall
we worry about it? Then they had a vote. The
vote was unanimous to drop it downside. They do have
nineteen thousand of these plastic buckets that they're not one
hundred percent sure what to do with, but they're not

(54:15):
going to distribute them around the place. Therefore, they're not
going to get blown all over Wanganui in the wind
and or be ignored by most people, who, of course
can't be bothered. So Wanganui tick tick two times in
a week and it's only Thursday, twelve away from eight.

Speaker 1 (54:32):
The Mike Husking breakfast with Bailey's Real Estate News dogs they'd.

Speaker 2 (54:36):
Be right away from it. So it turns out if
you didn't know, there's a big money in being a
social influencer these days, and tourism apparently is cashing in.
Last year, Tourism in z spent one point four million
on fifty offshore influences. Auckland Unlimited dished out more than
one hundred thousand dollars christ uses on board as well. Anyway,
how does this all work? Tourism industry CEO are Rebecca
Ingram's with us Rebecca good Morning. One of the examples

(54:58):
used was I am Speed, and I suppose in a
weird twister branding, I'd never heard of im speed, but
when im Speed came here, I had heard of Imspeed.
But what I know about Imspeed is he's potentially trouble.
So is you know what I mean? So it's just
because you get something out there, does it work well?

Speaker 22 (55:16):
I think we're about twenty years into having social media influences,
which cut it still feels like something new, and people
are on average checking their phones one hundred and forty
four times a day and looking at social media. So
if you're not in a marketing extent, if you're not
in social you're not being seen. So it's really important

(55:37):
with tourism as an experience. You know something that we
want people to see and know what it looks like
and that we are operating in this space.

Speaker 2 (55:45):
Okay, do you get what do they call it? Metrics?
So you bring Brian here and Brian records a couple
of things, puts it out to us one hundred and
twenty thousand followers. Can you then tell somehow whether somebody
booked and spent and came experienced.

Speaker 22 (56:02):
You can measure social media activity. So it's part of
what makes it so valuable from a marketing perspective is
that Facebook and TikTok and Instagram, they can give you
really good metrics for how your marketing work has performed,
and then you can see how that influence into people

(56:23):
coming to new events. But what's important to remember is
that social media activity is often about showing the kind
of quality and building debts into our marketing activity. People
can really see what a holiday and USEUMU looks like.
And when you think about all of that social media
activity that people are doing in their needs given day,

(56:43):
a lot of it's scrolling through you sitting there in
your thumbs, working hard, but influences. People that you're following
in these social media channels are people you maybe respect,
you enjoy watching them, You kind of get to know
them over time, maybe you follow them for a few years,
and you potentially are also aspiring to be a bit
like them, and you trust their views. And so if

(57:06):
they're having an amazing experience in New Zealand over a
week or so and they're showing you what that looks like,
that is going to stop the scroll and it's to
help you understand or maybe even start dreaming about having
that safe experience.

Speaker 2 (57:19):
My wife gets approached to do this stuff all the time.
She is what I think you would call a micro blogger.
She doesn't do any of this because she doesn't like it.
But what's you view on a mass person versus a
micro and they're sort of their reach or the potential
of their reach over just somebody who's got just followers
for follower's sake.

Speaker 22 (57:39):
Well, not every influencer is going to be a great
influencer for New Vivan. So a really strong fitch is critical.
And when I say fitch, what I mean is we're
not Las Vegas, and we're not a sort of fly
and flop destination. We're an active destination.

Speaker 12 (57:55):
So there's a.

Speaker 22 (57:56):
Running influencer in New Zealand at the moment from the UK.
He's got one point two million followers and he's going
to run the length of news Evan on the to
Adaroa trail and he's been supported by Tourism News event
and that is going to provide the most amazing showcase.
But also we're going to get behind them, right, we
want him to be successful and so that's incredibly engaging

(58:19):
and interesting content for us to be able to view.
And so all one point two million followers to view,
that's right, And so that's not hundreds of millions of followers,
that's one point two million. But they're going to be
a really great fitch for what it is that we
offer as a holiday news easant. So I think it's

(58:39):
not about whether or not it's micro or macro, whether
it's a huge superstar or whether it's someone you know,
like your wife. It's about whether or not the people
who are following them are going to be a great
fit for the holiday that we offer a news evant
and making sure that we show the quality of what
we offer.

Speaker 2 (58:56):
Well done, that's well said Rebecca. I can hear the
passion in your voice. Rebeca ingram her as an industry
I called my wife a micro blogger. She'm a micro blogger,
she's a micro influencer. I also said, it's im speed.
It's not I am speed, it's my show speed. I
am speed as his cousin. Isn't it as cousin I
can't remember as a brother. Well, maybe there's no im
speed at all. Maybe I just made all of that
up for him. I just keep saying to her when

(59:18):
all these officer goes, she doesn't like. She doesn't like
the whole payback commercial side of the equation. So I say,
why don't you start loving that, because then I can
get the hell out of here and we can go
You know what did she say, lion flop or something,
go dive and flop or I felt like something i'd
live flop.

Speaker 17 (59:34):
Who you fly and flop?

Speaker 11 (59:35):
Oh?

Speaker 2 (59:35):
You fly and flop? Yeah? I felt like a flying
and flopping. Yeah.

Speaker 17 (59:38):
Well, we don't have a lot of scim up pull
bars in New Zealand doing we do not.

Speaker 2 (59:42):
Now we'll go to Melbourne. Luke Smith, who writes for
The Athletic and is a monumental F one fan. But
then again, aren't we all these days. Luke Smith's Live
from Melbourne after the News, which is next to you
if used talk.

Speaker 1 (59:53):
Seep, setting me agenda and talking the big issues, the
mic costing breast with Bailey's real estate altogether better across residential,
commercial and rural news talks.

Speaker 2 (01:00:06):
He'd be reluctantly crouched at the starting line, engines pumping
and thumping in time. Right, We're back this weekend in
Melbourne if one of the New Zealand twist. Of course,
now that Liam Lawson has not only got a full
time sleep but a full time sleeping one of the
heavyweight teams. Luke Smith as Formula one writer for The Athletic.
He is also author of a book called On the
Grid The Inside Trek on Formula One. He is in

(01:00:27):
Melbourne and as with us morning, Good morning, Mike. Heya,
I'm very well, indeed i am. I'm as big a
fan of IF one as you can possibly get, and
of course we've got Liam Lawson this year, so we
are just beside ourselves. Where do you sit on the
scale of people getting excited about this weekend?

Speaker 18 (01:00:42):
I'm at the very top, right there with you, I
must say, Yeah, I'm so excited for this Formula One season.
The Australian Grand Prix as well, it's always such a
great event. I think it's nice to have this back
as the first race after quite a while of it
not being the opening round. And yeah, what an amazing
year we're set for. It looks so so compared, very
very hard to call who's going to be quickest. We

(01:01:03):
go into a lot of seasons kind of thinking like
there's normally one team that should dominate, but this year
it really feels like anybody's game, which is really exciting.
Lots of new blood on the grid as well, Lian
Lawson among them full time now, so it's yeah, just
so much great excitement and great storylines.

Speaker 2 (01:01:19):
I think for a couple of things to work through
for people who aren't obsystems like ourselves, with IF one.
First of all, this is the last year of the
current regulation, so the general consensus is that things are
going to tighten up in terms of performance.

Speaker 18 (01:01:32):
You would agree with it, yeah, Woods, Yeah, So the
design rules have been pretty stable now for about five years,
so it kind of means that everybody centers on what
is the quickest way to design their cars and what
the best thing to do is. So it sort of
naturally brings everybody together, and then when everything changes for
next year, one team will usually find that the best
way to do something and the field kind of blows

(01:01:54):
open again. So I really encourage anyone watching F one
this year to enjoy just how close and competitive it
will be, because it's not like this every year, and
next year could be a very different story. But yeah,
I think this should be one of the most competitive
seasons in recent F one history.

Speaker 2 (01:02:09):
And then we go to testing in Bahrain. See what
I've got. Everyone agreed that McLaren's best Ferrari Mercedes there
or thereabouts, Rid Bull didn't do enough LEPs to get
a true read. Williams is probably the best of the midfield,
Elpine might be up there with them, and Soba is
still useless.

Speaker 13 (01:02:27):
Yeah, that's pretty much the case.

Speaker 18 (01:02:28):
Yeah, it's I think McLaren's testing was really really impressive.
I think just looking the lap times and talking to
other teams, like a lot of them were quite quite
impressed by what they managed to do. But I think
we're now in an era where even that is not
going to be It's not going to sort of set
the season. It's not like previous years where Red Bull
turned up to testing dominating it. It's like, well that's it,
let's come back next year. I think it's going to

(01:02:50):
be a lot closer this year. I think that McLaren
might be that step ahead. But yeah, Mercedes, Ferrari, red
Bull all in that ballpark. They've got some amazing drivers
as well, Lewis Hamilton at Ferra, Sean mcclerk, Maxis Stapp
and a Red Bull like you can never really write
them off.

Speaker 13 (01:03:04):
So it's yeah, shaping up.

Speaker 18 (01:03:06):
To be a really really close season, which I think
is just fantastic news for the sport and for anyone
who loves the sport.

Speaker 13 (01:03:11):
It's just going to make for great watching.

Speaker 2 (01:03:13):
Give me your view on Liam Lawson, because we're hopelessly
based and we're desperate for him to do well. But
from all my international reading of people who don't hit
the same investment, they worry a lot about what's expected
of them. Is that fear.

Speaker 18 (01:03:28):
I think that being in that second Red Bull seat,
like it automatically brings a lot of pressure. It is,
by Red Bull's owner mission, the toughest seat in formerly
one like to try and compare yourself to Maxistappen is
an almost impossible task. But I think what Liam has
done to prepare for this has been excellent. Like, he's
not really put a foot wrong. I don't think in
terms of his sort of just his confidence and assurance

(01:03:49):
as well. It's not really something I've seen from a
lot of the previous young drivers he's been at Red Bull. Like,
Liam is incredibly confident. He sort of knows what he's doing.
He's very very self invested. So I think that that
is it's gonna set him. I think apart from the others.
He says his driving style is quite similar to Maxi Stappans,
so I hope means that they're able to get similar

(01:04:10):
things out of the car. So yeah, I think that
it's it's you want to proceed with a bit of
caution just because of what's happened at Red Bull in
the past. But from everything I've seen so far and
Ian this his attitude, like, I'm really really impressed by Liam,
And yeah, i think it could be a very exciting
season for him. But I think the big thing for
him and Red Bull is not to expect him to
be maxis Stappened. Like Max is an all time great,

(01:04:32):
He's an incredible driver. If Liam can even get close
to Max, that would be a pretty sensational result.

Speaker 2 (01:04:37):
And thet's tell these things are me it's not necessarily
wins and losses. It is wins and losses, but it's
how you compere to the step and how your team performs.
Are you getting if mex Is getting a podium, you
getting a podium? Are you closing points? Are you guys
heading towards a constructors success? And that's what they're expecting
of them.

Speaker 13 (01:04:54):
Yeah, yeah, definitely.

Speaker 6 (01:04:56):
Yeah.

Speaker 18 (01:04:56):
I think that's what hurt them last year with Sergio
perra Is is that they lost the Constructors Championship because
he was so far behind Maxistappan. And if he'd have
even been like, I know, a couple of tenths off
instead of half a second off, that makes all the
world a difference. So I think with Liam, they just
wanted to be that safe power of hands to really
come in and lift that side of the garage and yeah,
just get as close as he cans max. They don't

(01:05:18):
expect to have to maxistappens. I think that's that'd be
a once and a blooming thing. But if he can
get anywhere close hopefully score a couple of race wins
at least this year, then I think that would be
a very nice return for his first full season at
Red Bull.

Speaker 2 (01:05:30):
Okay, listen, hold on that he's sort of a rookie.
Not really. Let's talk about the rest of the rookies
in the field in just a moment. Luke Smith, if
went right around of Melbourne this morning twelve past eight.

Speaker 1 (01:05:38):
The Mic Asking Breakfast Full Show podcast on.

Speaker 6 (01:05:42):
I Hard Radio powered by News.

Speaker 2 (01:05:44):
Talks It be New Talks A bit caught a past
night to Luck Smith with us out of Melbourne this morning.
Is the author of On the Insnight Trick on Formula One.
He's also a writer for the for the Athletic. Now
these rookies, so let's have a look at these bought
a Letto Antonellie harder, of course, Beerman doing who's the
pick of the bunch. I mean, they make a lot
of Intonelli. Is he the genius they make him out

(01:06:04):
to be.

Speaker 18 (01:06:04):
I think he's got a lot of potential. Yeah, And
like he's only eighteen years old. He literally only got
his driver's license in the offseason. He's that young. So
he's a real incredible talent. And Mercedes have been invested
in him since he was about eleven, and they really
really do rate him very highly. He I think he's
quite prone to maybe sort of pushing a little bit
too far at times, so I think it's gonna be
quite interesting to see how he rains that and a

(01:06:26):
little bit. He crashed on his practice debut in F
one last year. But from everything I've heard about Antonelli,
he is the real deal. Like he's an incredible driver,
and I think this could be fascinating to see how
he develops through his first season. But also Oli Behman
as well, the hass driver backed by Ferrari. He had
his last minute debutfore Ferrari last year when Carlo Science

(01:06:47):
was out at appendicitis, and he immediately just took to
it so so quickly and was so impressive. So I
think those two are the they've got the potential to
be the real rookie stars of this year. And yeah,
it's just exciting to have so many new faces in
new drivers and it's dramastically brought the average age of
the grid down as well, which is never a bad
thing for F one.

Speaker 2 (01:07:06):
I feel very sorry for Doing because one that's his
home race is an opening race. Who's sitting there at
ill pen. They've got color Pinto as a reserve driver
with this ongoing chet that Color Pinto brings a pile
of Argentinian money Doing, doesn't he been a performer else's
I mean, that's pressure, isn't it?

Speaker 18 (01:07:25):
It is, Yeah, and it's quite harsh for a young
driver who, yeah, is realizing his childhood dream this weekend
in Australia to be lining up for his first full
left one season and already people are talking about him
maybe losing a seat, like it is a lot of
pressure to put on him, but Doing has handled it
pretty well so far. Like we've asked him a lot
of questions on the subjects is to be expected, but
he's always knocked it back quite confidently, and he's pointed

(01:07:47):
out that he was in a seven positions Colopinzo last
year in terms of being an Alpeam reserve driver with
the long term contract, and I think the biggest thing
he can do now is just perform. Like so long
as he is quick on the track, as long as
he's able to be a close match for Pierre Gasly,
his teammate, then there will really be no reason for
Alpeens to think about a change.

Speaker 13 (01:08:05):
F one is brutal. He knows that. But if he
can deliver, then that'll be the best answer. I think
to all of these questions.

Speaker 2 (01:08:11):
What about some of the couple of the Hibbie Whites,
what do they expect of Hamilton? I mean to get
rid of science for Hamilton? Is I mean, given what
science can do, the pushers on Hamilton, actually isn't it
to actually perform? I think so?

Speaker 18 (01:08:26):
Yeah, I think that for Lewis, like that is it's
such an amazing story, like the uniting of Ferrari and Lewis.
Hamilton like the most successful driver with F one's most
successful team. But ultimately, now it's time to Now it's
time to deliver, like all all of the sort of
like hype that's been building up over the past year
or so, the incredible sort of pictures we've seen in
the early part of this season as he's getting used

(01:08:48):
to life as a Ferrari driver. Really now it's just
how quick is the car on the track? Like if
he gets qualifying in Melbourne and he's like a step
behind Charlote Claire across the garage, they're like, oh, well,
that's the biggest thing here. It really does just come
down to the results and what that can do. So
I think for Lewis, like he's in a good place
at the moment, Like he's happier than I've seen him

(01:09:10):
in a few years. He's really really upbeat. He's really
bought into the whole sort of myth around Ferrari and
like being a Ferrari driver. But yeah, the pressure is
on now it's time to deliver and kind of show
that the past couple of years of struggles it's been
more a Mercedes carving rather than a Lewis Hamilson thing.

Speaker 2 (01:09:26):
Tell you, what I'd really like is for Carlos sites who,
as far as I can work out, everyone loves him
and he was hard done by for him to take
that Williams and James vals I'm a big fan of
as well, and he seems to have something good going
with that side. And if they can somehow return that
to a semblance of what it once was under Frank,
then that's a that's a good story for the season,
isn't it.

Speaker 18 (01:09:47):
Absolutely Yeah, I think that for Williams it is a
long term project and I think that James Vows has
been very clear about that from day one, and now
I think getting a driver of Carlos Science's ability like yeah,
he I think if it was any other than Lewis Hamilton,
FORRARI would have happily kept Science because he was just
that good for them. So I think that long term
he can really help lead that team forward. And yeah,

(01:10:09):
I think get it back to where it deserves to be.
The Williams name in F one. It has such a
strong meaning, such a successful history as well, and it's
really been a shadow of its former self for quite
a long time. It's suffered from years of under investment,
but now it does seem to be on the right
path under James Vows. And I think getting sites was
a really big statement of just proving the value that

(01:10:31):
people do see in this project, that you've got to
drive off his ability being.

Speaker 13 (01:10:34):
Like, you know what, for the long term, that's where
I'm wanting to.

Speaker 2 (01:10:37):
Be, right o'lake Smith. Here it is pressures on before
the first race of the season. Call it now the
Constructor's Champion is and the drivers Champion is.

Speaker 18 (01:10:48):
Oh, okay, I am going to I'm going to say
McLaren wins the Constructor's Championship again. I think that Landonaris
Noscar Piastro. It's a very strong line up. I think
they can do well together. And then for the Driver's
World Champion I've been changing my mind daily recently because
it's just so so close, But I do think this

(01:11:09):
could be Lando Norris's year. I think that the way
he finished last season was really really impressive. I think
that he showed that he's getting ready to be able
to fight Max stap In a bit more. And I
think that if he can start this season strongly, it
could set him on a really good path. So yeah,
I'm gonna now my flag to the mass and pick
Lando Norris to win the World Championship.

Speaker 2 (01:11:27):
Good on you. We'll get you back on before the
end of the season. For now, though, I go, well,
this week, I appreciate your time, lovely to.

Speaker 13 (01:11:32):
Talk terrific, Thank you, Mike.

Speaker 2 (01:11:33):
So that's Luke Smith out of the athletic by the way.
Whitherwise it's so Melbourne tomorrow, which is practiced day twenty
four degrees and reasonably fine Saturday thirty in cloudy raining
on race day. By the time race starts, it's a
fifty to fifty chance. But it's hit some Philly heavy
showers in the morning and back down to twenty three degrees,
so it could be really interesting. Six make it eight

(01:11:55):
twenty one.

Speaker 1 (01:11:57):
The my Casking Breakfast with Vida Time and Communities News
tog sead B.

Speaker 2 (01:12:02):
No you hear me talk about element twelve magnesium of
course from the very nice folks at about Health. We
did this earlier on this week. Well, element twelve magnesium
is formulated by the way specifically to suit our nutritional need.
So the trick here is it's got three forms of
high quality magnesium with active forms of B vitamins in there,
designed to be well absorbed, gentle on the old stomach,
which is an issue for some people. It absorbs, it

(01:12:23):
supports the deep sleep, supports the relaxation, healthy nerves, muscles
and mood. It's been tried by many of you, and
here's some feedback. So Bernie writes that great product. I'm
loving Element twelve magnesium. Joe says, this magnesium far more
gentle on the old stomach and does the trick to
support the leg craps. So you can read all about it,
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Who doesn't need more of that? Eight hundred triple nine
three are nine Got it? Eight hundred triple nine three
or nine or online if you like it about health
dot co dot zhasky. Going back to the social media

(01:13:11):
influencers that we were talking about just before eight o'clock,
Mike long experience with social media marketing reality is that
Meta and Google have drastically reduced reach of social media
marketing efficacy. What a Google analytics dashboard, for example, tells
you about efficacy of your marketing is a lot different
from the actual efficacy. Interesting point. Mike Stanley's dinner party
shows epic. Get him on the show. Yeah, we should

(01:13:33):
be working on that. Are we working on that? Sim
Sam's asleep. He doesn't know whether he's working on on.

Speaker 17 (01:13:38):
He might be working on it right now. He's very focused,
is he.

Speaker 2 (01:13:41):
Yeah, we're working on it. I think we're working on it, Mike.
The All Birds cards on the table is brand marketing
reaching the ninety five percent of shoe shoppers who are
not currently in the market but will be in the future.
Brand salience leads to sales. Get James Herman on your show.
James Herman's interesting bloke. James Herman Apart from me, I
started AF Drinks and I was thinking about A of

(01:14:02):
drinks the other day. A of Drinks was on the news,
and this is part of the changing landscape of drinking
in this country. In fact, globally, AF sort of does
cocktails that are alcohol free because there's a movement towards
that sort of thing. So that's the sort of startup
we're talking about. Mike, Allbird fan here kitted the whole
family out, disappointed. I could never get the size or

(01:14:23):
color I wanted. I would have bought thousands of peers,
lots of expansion, but didn't seem to focus on getting
the product to the client's interesting feedback from him, thousands
of peers, I think that's an exaggeration.

Speaker 17 (01:14:33):
That's a big family.

Speaker 2 (01:14:34):
I reckon. No, he means for himself, so he wants
lots of different peers for himself. In Britain and Old
Nichola Remember Auntie Nicola ran Scotland for a while until
the husband turned out to be a bit dodgo. Anyway,
she's announced that she's no longer standing as an MP.
This and other matters Worth Rod Litill after the News,
Which is next?

Speaker 1 (01:14:52):
Their News Talks, MP, the Breakfast Show, Kiwi's Trust to
stay in the know, the mic hosting with a Vita, Retirement, Communities,
Life Your Way, News, togs Head been.

Speaker 2 (01:15:05):
Mike, are you going to read you Cinda's book? The
answer is yes. Funnily enough, I read all those books,
those biographies. I love a good biography. And despite the
fact that she destroyed the economy and ran she nevertheless
was the duly elected Prime Minister of the country. And
it behooves you to know the workings and the mindset
of duly elected prime ministers of any country. As far
as I can work out, I feel very sorry. She

(01:15:25):
won't be on the program obviously, and I'm certainly not
going to sprove the book, but I'll read it. I
feel very sorry this morning for Joseph Parker. The Dubois
fight is off in the sense it wasn't on and
now it never will be. So if you forgot it.
Back in February, he was due to fight Dubois in
Saudi Arabia. Dubois became ill in a way that boxes

(01:15:46):
a couple of days before the fight tend to get
a bit ill, and so that was postponed. And then
he fought that other guy whose name I can't remember
and thrashed him. So there was some expectation that maybe
they could go again. Not so it's officially off. So
Dubois is now turning his attention into Yusic. Usik's got
all the titles. So that's which. So the question is
where does that leave Joseph Parker, Who does he need

(01:16:07):
to fight and where does it go? So that's David
Higgins's job, isn't it. That's David to sort that one out.
So we'll keep you posted. Twenty two minutes away from.

Speaker 10 (01:16:17):
Nine International correspondence with ends and eye insurance, Peace of
mind for New Zealand.

Speaker 21 (01:16:22):
Business in the UK.

Speaker 2 (01:16:23):
Rod Little, very good morning to you, Good morning to
your meet Now the ship just updates on the ship
and the burning. And yesterday we initially we reported that
everyone had survived. Then yesterday there appeared to be one
person missing, presumed dead, and then of course these ongoing
questions as to how something like this could actually happen.

Speaker 20 (01:16:42):
Well, indeed, it's all getting very mysterious. Yes, we do
can confirm someone as either dad or is swimming of
every long distance. Indeed, that's a crew member of the
Portuguese vessel which was the one which.

Speaker 2 (01:16:56):
Round in the.

Speaker 20 (01:16:59):
To the America An oil tanker which was carrying aviation
fuel for the US Navy. So what we now know
is that the of that Portuguese vessel has been arrested
for gross negligence and manslaughter, given that a member of
his crew has not been rescued and is missing, presumed dead,

(01:17:20):
and it's now been revealed that is Russian. Now you
can imagine that is what kind of effect I've had
on the British public. This was a very unusual accident.
There are quite a few boats heading into the Humber estue.
It's the second biggest container port in Europe at Immingham.

(01:17:43):
But they have such sophisticated equipment these days that even
in the fog that was around, you would have expected
them to navigate with a degree of ease. So the
question now is whilst it's simply negligence and incompetence, or
was there something darker? And if there was, what do
we do about it? And how do we prove it?

(01:18:03):
It's a very difficult question exactly.

Speaker 2 (01:18:06):
So I'm assuming all the usual investigations are under way,
and should they stumble upon the idea that it might
have been a bit deliberate and a bit Russian, in
what court and jurisdiction has that dealt with.

Speaker 20 (01:18:17):
It's impossible, exactly the same as Putin has done with
all other attacks on British soide. They will simply say
we know nothing about this, we don't have a clue,
we don't know what you're talking about, and what do
you do about it? You only do about it. Do
something about it if you're in a position of strengths,
and I don't think we are that's the problem. But

(01:18:40):
it all adds in to the general we've had Over
the last couple of weeks. Russian ship's been escorted through
the English channel. There have been close calls between NATO
planes and Russian planes in various sensitive areas near Poland Estoni.
It doesn't look good.

Speaker 2 (01:19:00):
No, it does not for people who haven't followed the
Abu Wadi story. A bit of pipe bomb action and
ce anti Semitic behavior. They foundly finally rounded him up,
Yeah they did.

Speaker 6 (01:19:11):
That's good.

Speaker 20 (01:19:13):
But lastly because a campaigning organization recognized him. Because not
only is he a kind of a Jew hating savage,
he's also a sick Jew hating savage. He posted all
of his videos online as he came into the country,
so it was quite easy to apprehend him. But he
was caught in a group of two hundred and thirty

(01:19:36):
five people who came aboard at Dover. He's what we
know about, you know, we don't know about the rest.
And then there's another question, given that we know this
guy is from Gaza, and we know he is he
demanded the death of all Jews. You know this is
a rank individual. I bet we can't get rid of him.

(01:20:01):
I will bet you that we will talk about this
in nine months time he'll still be here.

Speaker 2 (01:20:07):
Tell me that Reforms sorted itself out.

Speaker 20 (01:20:11):
Now it hasn't. I think they're in I think they're
in some problem, in some trouble difficulty over this. Rupert
Lowe is now sort of kind of picked out of
the party. So that's twenty percent of their MP total gone.
It reinforces amongst the members of Reform that that this

(01:20:32):
is quite a dictatorial party. What Nigel says goes, and
that's the end of it. Rupert Lowe quite a big figure,
but nowhere near the charisma of Nigel Farage. They are
in some trouble and they're still not being able to
get above twenty five percent in the pulse.

Speaker 2 (01:20:50):
Interesting, tell you what you know. Starmer the other day
was talking to us in since we last talked, and
he was talking about all options being on the table
and form and tear of some stuff like that. Where's
he go with this in terms of the EUS retaliated
this morning? He hasn't in not does he look weak
or smart.

Speaker 20 (01:21:12):
Smart? I think he's played it smart all the way through.
I think he's been let down by the Americans. And
we will be let out by the Americans, as will
you at some point in time. Your your time is
coming by refusing to rule us out from sanctions and
tarists rather, but he he What he does is he

(01:21:35):
waits a couple of weeks, He weighs up what's been happening,
He listens to advice, and he keeps good relations open
with the USA. I think he has played an absolute blinder.
I think he's been a hugely inept prime minister in
many ways, and his party has wrecked the economy. I

(01:21:56):
think he can probably say but over this issue, it
is its rescue, it is its rescue acting.

Speaker 2 (01:22:04):
I know that Nicola not that I was anticipating that
she would stand again, but she's announced officially she isn't.
It's it's I mean, she hasn't been arrested in charge.
She was arrested but not charged, so her husband was
arrested in charge. It's quite the downfall, really, isn't it,
when you've led a country.

Speaker 20 (01:22:21):
Yes, it's that old thing that all politicians' careers, and
in failure, hers certainly has, and it's left behind it
a toxic retigue which will hamstring the SNP in forthcoming elections.
She strode the Scottish political furtherments that it is like
a kind of dwarfish colossus. For nine years, nine to

(01:22:43):
ten years, you know, she was kind of Scotland's and
angler mercle. But it all collapsed with overwokery, liberal overreach
and betraying the principles of Scottish nationalism. Really and she
doesn't leave behind her a very pleasant party to look.

Speaker 2 (01:22:59):
At back Go well this weekend, we'll see next Tuesday.
Appreciate it as always, Rod Little and Britain. We had
old story just before we leave Britain. The cost of
reducing energy bills for people who live nearby pylons will
be paid for by increasing average annual bills across the
country by eightp So what they do in Britain is

(01:23:20):
if you live within five hundred meters of an upgraded
or a new pylon, they will give you two and
a half thousand pounds over ten years, so two hundred
fifty pounds a year. And so when you're just living
next to you can go, well, it's not that bad.
I get two and fifty pounds a year. I think
I'd move eight forty five the.

Speaker 1 (01:23:42):
Like asking Breakfast Fall show podcast on iHeartRadio powered by
News Talks at be.

Speaker 2 (01:23:49):
Mike. These rules you read out on pharmacy. So where
did you get it? I got it from David Seamore,
not directly by David Seymour, but he published it on
social media and dinner, so it's readily available to you,
which reminds me very nicely if you missed it. It's
just a whole lot of nonsense that you need to
be a pharmacist in this country. That's got to do
with your knowledge of tatidity. And it's just another indication

(01:24:11):
of why we have a productivity crunch in this country,
which does remind me of the and I assume he's
taken care of it by today. The Tea Kunger lead
that the Ministry of Foreign Affairs and Trade, I thought,
and I may have misread this, but my understanding if
you missed the story, so they're advertising this job for
a tea Hunger lead at in fact one hundred and
seventy thousand dollars a year, and I thought it had

(01:24:32):
something to do with trade. So on international trade deals,
before you sign it, you have a WYATA or something,
and the wall she was in charge of that, so
as far as from the ad. It's got nothing to do.
It's just a person wanders around the building. Just person
in Wellington wanders around the building tells you how to
understand teacung. We had one at TB and Z years ago.
I don't think it's called a teacunger lead, but it

(01:24:54):
was the person who.

Speaker 17 (01:24:56):
That's part of your role here, isn't it very much?
So I feel like you help me understand it a
lot better, that's right.

Speaker 2 (01:25:03):
We had one TV and Z and that sort of
they came and went and it was kind of like,
here's a woke idea and this is our new Ta
kung Elite or whatever they call them. And then he
wasn't there anymore, and that was the end of that.
By the way, I have Tremitaus sympathy. This morning, there's
very good piece of reportage about the place of us
family have stuck the hawks Bay Farm on the market
Kurt and Trisha.

Speaker 12 (01:25:22):
This is.

Speaker 2 (01:25:24):
Y Mwana farm, four hundred ninety four hectares sheep and beef.
And the Central Hawks Bay District Council wanted to do
a little PDP the proposed District Plan, and they got
eleven sites identified as outstanding natural features o infs and
part of that was the local coastline or Kadaka coastline

(01:25:45):
or part of it. Very high landscape values deprived from
memorable geological formations which exhibit a visually striking land form,
very high cultural significance in the area, plentiful and mari
arch archaeological sites. Now, the zants were opposed to that,
funnily enough, because they, I don't know, owned the land
and they wanted some sort of compensation. So they say,
if you're going to overreach here from the council's point

(01:26:07):
of view and you're going to make it a special zone,
it devalues the place. So what about the compensation. Council goes, well,
there's no compensation. So so this hence went to court,
the Environment court, and they lost there as well. So
they've sort of given up. They've got a very poor
impression quite rightly of the way New Zealand does stuff,
and so they put their farm on the market. So
it offers over six million dollars. But the point is

(01:26:28):
that I thought this was over. I thought this was
all part of the new government and they were going
to go This nonsense stops now. So once again another
example along with the road cones, and along with the
speed limits, and along with all the other things that
were supposed to end that hasn't ended.

Speaker 13 (01:26:44):
And taking barnacles off this boat.

Speaker 2 (01:26:47):
You've got to take the barnacles. And this goes back
to Peters. Why are they still advertising this stuff? They
said they would stop. You watch for the rolling thunder, MICUs,
it's coming. It's eight minutes or away from nine.

Speaker 1 (01:27:01):
The Mike Hosking breakfast with the range Rover Villa News.

Speaker 2 (01:27:05):
Toks head be It takes time, Mike. They can't get
everything done in eighteen months. Heather, you're right, but some
of it is stroke of a pen stuff, and they
could strike the pen a lot more quickly than they
are in two You can't go to an election campaign
going oh look, it takes time. That's not a recipe
for a second term, Mike. With Winston taking a position
on DEI, do you think you'll run on abolishing Mallory

(01:27:26):
seats again? Well, now that he doesn't win any probably
sort of an irony there. They're trying to make it
out that his constitution of the party is not the
similar to a DEI program, of which, not surprisingly he's denying.
Five minutes away from nine.

Speaker 1 (01:27:39):
Trending now with chemist Wells keeping Kiwi's healthy all year out.

Speaker 2 (01:27:44):
We've been focusing a little bit earlier on mainly on
the program. The Irish Prime Minister Martin's there in the
White House today meeting with Trump, etc. But there was
another moment. Brian Glenn, he's the bloke who asked Zelenski
the other day why he wasn't wearing a suit. He's
Marjorie Taylor Green's partner. He's one of the random, out
of left field questioners, and he decided the big question

(01:28:07):
of the morning was really nothing to do with Ireland,
but more about why Rosie o'donald's leaving the country.

Speaker 6 (01:28:14):
Ireland is known for very happy, fun loving people. Great
out to Ginning in this room right now that I've
mat why the world would you let Rosie o'donnald move?
He's just going lower your happiness. Love, Thank you.

Speaker 14 (01:28:28):
I like that question.

Speaker 20 (01:28:34):
Do you know who she is? You better?

Speaker 6 (01:28:38):
You better?

Speaker 2 (01:28:42):
Those other reporters didn't let mister Martin answer the question,
did they They're so rude.

Speaker 17 (01:28:48):
It's almost like they didn't think that it was a
real question.

Speaker 2 (01:28:51):
That was worth was the giveaway when Green went, I'm joking.
Could have been that anyway, because Trump said that was
a good question, because Trump knows a good question, like
he knows a good tariff. He took the opportunity to
congratulate Trump. He had another question, said Brian, Brian, you
can have another question. And the opportunity came in the
form he was congratulating Trump for correcting the stock markets.

(01:29:12):
To stud you correct the stock market, what does Marjorie
seeing him? But then again, you can ask the same
question once you see in Marjorie for good.

Speaker 17 (01:29:20):
And Marjorie sees a lot of things in a lot
of places that.

Speaker 2 (01:29:22):
She does, doesn't she she does, She sees things then
nobody else sees. That's a special talent. I'm told now
back tomorrow morning for Friday, as always, Happy Days.

Speaker 1 (01:29:54):
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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