Full Show Podcast: 14 April 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
New Zealand's voice of reason is Mike the Mic, asking
breakfast with Bailey's real estate, your local experts across residential,
commercial and rural news talks.

Speaker 2 (00:10):
He had been boning and welcome today new data on
the price of the groceries and whether the cost of
living crisis is still real? Driver license rule changes, Prime
ministers in we look into our trust or lack of
in the medium Jason and Sad the commentary box ups right,
of course, Richard Arnold with the whirling dervish of tariff.
Steve Price with the official campaign launches yesterday in Australia,

(00:31):
asking welcome to the week seven past six of the
banks were in front of the Select Committee again the
other day. Topic this time are questions around whether they
should be doing more to help customers who had money billions,
as it turns out, actually earn some interest on their deposits.
We have literally billions of dollars of our money in
accounts that pay nothing, one bank said, they fire off

(00:52):
the odd text and reminder email. Of course, the inferences
given banking are so political these days that the banks
are happy to have a fortune sitting there doing nothing,
and that yet another reason they're so fabulously profitable. But
bigger picture, what's happened to this country in the past
half dozen years or so, led largely by the previous government,
is the idea that a government, a body, are someone

(01:12):
does something for you. You no longer need to do
anything for yourself. The new cycle, if you listen carefully,
is littered with any number of groups who want the government,
the company, the entity to do something for you. A
recent survey on school lunches, you might remember who should
provide your child's lunch? A third said the government? Can
I suggest, Although yes, banks could ring you, write to you,

(01:32):
nudge you, remind you. Is it not possible you could
actually look after your own money if you've got thousands,
and those thousands can be placed in an account to
do nothing. At what point does the responsibility start to
lie with you if you can't be bothered doing something
about it. Could it be argued that, well, that's on you.
Seems hard to me to forget about thousands of dollars,
but leads to their own. Maybe some people have so

(01:52):
many thousands of dollars it's easy to forget either way, Yes,
a bank should be a good corporate citizen. Of course
they should be. But then I pay you to be
a good punter or a good custodian of your wealth,
or be awake enough to know what's going on with
your money. Imagine, just imagine if we could make our
kids lunches and look after our money. That's almost like

(02:13):
being an adult.

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

Speaker 2 (02:19):
So plenty of on going back and forward, up and
down on the circus that is the tariffs. The White
House has Luton accounts spinning like a top on China.

Speaker 3 (02:25):
I am confident this is going to work out with China.

Speaker 4 (02:28):
Yes.

Speaker 3 (02:28):
Is it in a tough spot now? Of course it is.
But that'll you'll see though, all of that energy will
sort of decline and will end up in a perfectly
reasonable place with China.

Speaker 2 (02:38):
I'm confident of that also, Navarro, the big problem we
have are the non terriff barriers, the currency manipulation, the dumping,
the vataxes.

Speaker 3 (02:47):
All of that stuff that are that we have no
defense against other than tariffs.

Speaker 5 (02:53):
Right now.

Speaker 2 (02:54):
Also, in the political demand, this ongoing idea that Stephen A.
Smith might give away sport on the is and become
the president.

Speaker 6 (03:01):
I would hope somebody else would step up. That's more
qualified than me. But if it has to come down
to me, it is something.

Speaker 5 (03:07):
I would consider.

Speaker 6 (03:08):
Yes, I would, because I don't mind a thought of
tussling with these folks at or on the left or
the right.

Speaker 2 (03:14):
As regards the wars, neither looks particularly promising. This morning,
I'm a friend to tell you the Russian showing no
signs are pulling up stumps.

Speaker 7 (03:20):
The death toll will almost certainly go up. It follows
another major strike last week on the southern city of Creevyv,
and it is a familiar tactic by Moscow to target
Ukrainian cities in this way.

Speaker 2 (03:32):
The Russian bloke in the UK doesn't sound like a
ceasefire is real either.

Speaker 8 (03:36):
If you believe there will run up as soon as
American is saying something.

Speaker 5 (03:43):
Will be the case.

Speaker 8 (03:45):
We have our vital priorities and our vital interest in this.

Speaker 2 (03:49):
Conflict and in the Middle East, the Israelis are expanding
their operations.

Speaker 9 (03:53):
It comes at the stage where people desperately need medical
aid and in the art this is one of the
only remaining hospital that can care.

Speaker 5 (04:02):
To the needs.

Speaker 2 (04:03):
Finally, chat GPT update. Currently, the system wipes its memory
after each time you use it. Did you know that? Anyways,
the memory capacity grows, which it is, it means eventually
nothing's going to get wiped. So chat GPT will remember
every single conversation and question you have ever asked it.
It's available now for chat GBT pro users and in

(04:24):
a couple of days, quote a couple of days for
all the others near the world of ninety. By the way,
it's all bad news economically in America this morning. The
sentiment consumer sentiment's gone through the floor. University of Michigan
number out over the weekend fell to fifty point out,
down from fifty seven. Consensus on the market was going
to be fifty four, so nothing close. Expectation on inflation's

(04:45):
now gone up to six point seven. That's the highest
level since nineteen eighty one, and that's before you get
to the ten year treasury. The yields have top four
and a half percent out of the weekend. Oh, and
mortgages went through seven percent, So good times. Twelve past six.

Speaker 1 (05:00):
The Make Asking Breakfast Full Show podcast on iHeartRadio fold
by News Talk zby.

Speaker 2 (05:08):
Oh, we did get some very good news economically over
the weekend. The UK came in with zero point five
percent growth in February alone. They thought zero point one,
so they'll take that. And talking to our son in
Scotland yesterday, it's a nice spring. It's nice and warm,
so people will be feeling good. Fourteen past again, I'm
having funds of management. Monday morning, Greg Smith, good morning
to you. Head's still spinning their smartphones, chips Watson, what's

(05:31):
out want to mess?

Speaker 9 (05:32):
Yeah, lot's going on, isn't there? So look, well the
good news Obviously market's rallied on that pause last week,
and I think they should do better tonight as well.

Speaker 2 (05:41):
So yeah, it's what's happened.

Speaker 9 (05:43):
Basically, as you say, computers, processes, chips, electronics, they are
excluded from the reciprocal tariff, so they fall outside that
one hundred and twenty five percent China tariff, but not
against outside the twenty percent one and also the ten
percent tariff in other countries. Memis we know China struck back.
They raised their tariffs on US goods eighty four to
one hundred and twenty five percent, So yeah, big reprieve

(06:03):
for Nvidio and also apples. They should be up tonight.
I think basically just an acknowledgement that they can't make
this stuff in the US or not at the moment,
not easily. So China makes around about ninety percent of
iPhone production. Also comes up. Remember the pre secretary last
week she said that iPhones can easily be made in
the US. Well, others have a bit more expertise in film.
Reckon will take around about three years to move ten

(06:25):
percent of Apple supply chain to the US. Would cost
around thirty billion dollars, so a little bit different. Probably
Also they realize that Americaans acting to be happy paying
thirty to fifty percent more for their iPhones, probably those
that rushed out to buy them head of the touse
won't be so so happy. So if exemption covers three
to ninety billion in US imports and more than one
hundred billion from China, and it's about twenty two percent

(06:45):
of their exports to the US, so yeah, Trump he
reckons he's ready for a call from invasion. So is
this another all olive branch. Well, basically I suppose the
US blinking first and the game of trade war chicken.
It also might includes exemptions on seedback to manufacturing equipment.
So you know, the US wants to be the world
leader in ai they probably realized they need these to
build these chip factories. Also benefits the other agent countries

(07:08):
as well. So Taiwan, though in factory, had got sixty
four percent of their goods exempted and exemptions from Malaysia,
Philippines and Tyned and the like. So you could say
that trade war hsilies they might be thorn of it.

Speaker 2 (07:18):
Mike, Yeah, indeed, And then we come to the aforementioned
confidence everyone miserable and not surprisingly Yeah, as you.

Speaker 9 (07:24):
Say, the University of Michigan survey was a bit downbeat
obviously before the latest sort of wins if you like.
On the tower fronts. The seven sentiment down thirty four
percent on a year ago lewist in the survey's history
or second last year. So they came back to nineteen
fifty two low since June twenty twenty two. Expectations of
re inflations, you say, they show up to the high
SNS Nomber nineteen eighty one to five year horizon high

(07:46):
since ninety ninety one as well. Current Economic Conditions Index
down eleven percent, future down ten percent on the annual basis,
down twenty nine percent thirty.

Speaker 2 (07:55):
Eight percent, respectively.

Speaker 9 (07:57):
So you can legally say that consumers are terrified, worry
a better recession, worried about unemployment, though those fears have
risen to the high since two thousand and nine. But yeah, markets,
they took it in their stride. The pivend next year.
It's best week since November twenty twenty three, up five
point seven percent, and also been good news Mike from
the earning seasons that gone away. So JP Morgan this

(08:18):
year's jumped four percent, revenues two billion more than expected,
up nine percent forty six billion mentionment to talk about
the turbunce that the US economy is facing. Also Morgan
Stanley they rose as well, so their earnings swed twenty
six percent, revenues up seventeen per cent to a record
seventeen point seven billion. So you could start the earning
season against the backdrop of the big disclaimer in the

(08:39):
form of the trade ruckers. But are we seeing a
bit of light and potentially some calling.

Speaker 2 (08:44):
Now what about us? The manufacturing still positive, but do
you look at new orders that's below fifty So what
are we making about this?

Speaker 9 (08:50):
Yeah, bit of a mixed bag. So looking looking backwards,
let's take what we've got. So the manufacturing sector has
been pretty die for the last of a couple of years.
But you look at the this is the ben Zai PMI,
it's above the break even market gain, and that's the
third consecutive month that's been there. Still talking about subdued
demand and cost pressures and inventory rising. That's you know,

(09:12):
that's a bit of a bit of a concern as well,
depending on what demand does, and also really just depends
what happens on this on the tier front. So as
you say new orders, they fell to forty nine point
six in March, well below below the long run average,
and so yeah, just a bit of risky, but yees,
some good news was in news as well, I thought
the pm I employment index that edged up to fifty

(09:33):
four point seven, so it's an expensiy mode that's high
since June twenty twenty one. So the head scratching here
that actually says our workforce in the manufacturing sector is
expanding rapidly, a bit different to what the quarterly Survey
of Business opinions said recently, when you're in six percent
of manufacturers on a net basis said they'd reduced staff
in the last three months. So yeah, a lot of

(09:53):
uncertainly a lot of moving parts I supposed to deal.
Have to see how this all plays out in the
firms do pull back on hiring plans less until some
dust settles on the trade front. But yeah, it may
well be sending that it might. But there is a
story that keeps giving numbers.

Speaker 2 (10:08):
Please.

Speaker 9 (10:09):
Yeah, So the Dow was at one point six percent.
Said that it was a good Friday as well, forty
two to one two sm P five rounded up one
point eight percent five three six three, So really good week.
As mentioned. Nare's deck up two point one percent sixteen
two seven four for one hundred that was up point
six percent. The hand saying up one point seven percent. Nickey,
it was down three percent, thirty three five out five

(10:30):
A six two hundred, down point eight percent. Inte x
fifty we were down one and a half percent. But yeah,
to be fair, we've held a lot up a lot
within most other underseas. We're twelve zero one to nine
closing on Friday. Gold continues to glisten there, MIC up
sixty one dollars three thousand, two hundred and thirty seven
years announced. That's a new record. Oil up a dollar
forty three sixty one spot fifty currency markets Kiwi on

(10:51):
the charge up one and a half percent against the
US fifty eight point three a dollar ninety two point
six high there, British starling forty four point five and
six percent, also up against the Japanese yet a three
point six this week. Plenty going on. We've got the
services PM locally card spending, another dairy auction first quarter CPI.
We expecting inflation to lift there a little bit to

(11:13):
two point four percent on annual basis. Offshore RBA minutes.
Lots of data in China, including GDP and inflation there.
We've got ECB and the Bank CANN and we'll see
what they make of the tariffs that goings on with decisions. See,
we've got more US bank earnings, J and J, Netflix,
American Express and yeah, let's see how the sap roper
plays out and where we get a meeting between US

(11:35):
and China.

Speaker 2 (11:36):
Fingers crossed, good only mate, go well, Greg Smith, Devon
Funds Management. Holidays Queensland. Where are we going? Queensland Fiji
is a house of travel data. Queensland Fiji, London, Cook Islands, London.
It's quite the holiday. Sydney the top destination has been
one hundred and thirty percent increase year on year in Hanoi.
Of all places, thirty two percent on Bali Tokyo is

(11:57):
up eleven percent. Quarter of a million. More than quarter
of alls had gone to Fiji in the last year.
Fifty percent had gone at least once before, third of
them had gone three times or more. Australia's home away
from home, queens and Sydney the most popular, so there's
plenty of money and plenty of travel. Six twenty one,
here News Talk said.

Speaker 7 (12:13):
Be.

Speaker 1 (12:20):
The vic Asking Breakfast full show podcast on iHeartRadio powered
by News Talk.

Speaker 2 (12:25):
Said, be a couple of poles out this morning. I'll
come to one in a moment. Pope Francis by the
way out overnight, which was nice to see. Opens wholly week.
He was in Saint Peter's Square, so he's convalescing seemingly
very nicely. Australian Pole talked to us Steve about it.
The campaigns themselves only officially launched yesterday. And the worrying thing,
I don't know the average Australian voters worried, but they're
both just spending money they don't have, like there is

(12:48):
no tomorrow. The promises were flowing like water. A news
poll out this morning the Coalition had done for If
you believe the polls, the Coalition have lost another point
in terms of the primary vote the overall two party
preferred it hasn't changed. It's still a couple of points
fifty two to forty eight in favor of Labor. Donton
still unpopular. Mind you, elbow is not that much more popular.

(13:08):
So a little bit of movement in the polls than
the wrong way for the Coalition, as I say, Steve
Upter eight thirty six, twenty.

Speaker 1 (13:13):
Five trending now Quill Jimmiswells the home of big brand
fighter to.

Speaker 2 (13:19):
Pull out on Trump for you in a moment movie
trailer Confusion. Though before that, ten days ago there was
a teaser trailer was released for the new Naked Gun
spoof movie. Now the movies were made famous, of course
by Leslie Nielsen. The new trailer, though, starred Liam Neeson,
and everyone assumed that was a fake. I've no idea
why they would think it was a fake. Gim and
Nielsen's dead many years ago, so it was hardly going
to make a reprise, was he anyway? So the studio

(13:40):
puts out a notice saying, please watch the trailer because
it's real. So, of course when studios say that, everyone
goes okay. So ten million views later, here we go.

Speaker 10 (13:56):
And it's responding to our stuy situation.

Speaker 11 (14:04):
Hey little girl, stop, what do you want?

Speaker 4 (14:10):
Little one?

Speaker 5 (14:14):
Your ass? That's the fund?

Speaker 2 (14:25):
Who are you, Frank Dreben?

Speaker 5 (14:28):
Please squad? There we go.

Speaker 2 (14:32):
Pamela Anderson's in it, Danny Houston and Cody Rhodes is
Cody Rhodes. Dusty Roads was Cody, Dusty's son. Dusty Rhods
is one of the most plants. The w w E star.
It says, w w E Star Cody Roads, Dusty Rhodes
is one of the most famous wrestlers in the history
of wrestling. Hacks Season four. We had much discussion over
the weekend at our place. It's been reviewed all over

(14:52):
the world. Season four of Hacks has dropped. TV and
Z had Hacks seasons one, two, and three. I go
to look for season four, it's not there. Why not?
We're what that's going on? For goodness sake, news for you.
Next in news Talks.

Speaker 1 (15:04):
EDB Mike has game. We've beensightful, engaging and Vidal, the
mic asking Breakfast with Veda, retirement, communities, life your Way,
news talks, dB.

Speaker 2 (15:16):
Good Confirmation, Cody's Dusty son. Cody's currently the WWE champion.
I always remind people watch the Netflix mister McMahon. It's
a documentary on the bloke who runs WWE or what
was the WWF turned into the WWE. He's married to
Missus McMahon, who these days is the Secretary of Education
for Donald Trump, but she featured very heavily in the

(15:37):
development of the pro wrestling business. I think the biggest
news mic of late is that Big Bang Theory is
no longer on Netflix. I had to get a Neon
subscription and now I'm thinking of turning Netflix off Neon
so good? Is Neon really that good? Save money? Mike,
scrap the commentary box today. It was written in a
repeat for another week. Phoenix last, AFC, Auckland AFC or
Auckland FC, drew, Crusaders won, lost him out the back,

(15:59):
Warriors verted to type art. But you've missed the highlight
of the weekend for me, and that was in Tawerpo one.
Tawpo looked spectacular for the supercars, but more importantly Matt
Pain won and won twice, so that was called twenty
ten minutes away from seven. Now more insighted to the
economies some decent years, I think from supermarkets in the
year to March supply costs of risen two percent Richard Arnold,

(16:21):
by the way, on the you know what before seven
o'clock anyway, and the year to March supply costs of
risen two percent. It coincides us the weird bit with
a survey also this morning that tells us one in
four are struggling financially, which I suppose means seventy five
percent three and four aren't, and that cost of living
remains the number one issue for voters. Now, Infimetric's principal
economist Brad Olson's back. Well this Bradley, good morning.

Speaker 12 (16:42):
Good morning.

Speaker 2 (16:43):
So that grocery supply cost at two percent, that's well
within the inflation band. Is this a trend? Do we
seem to have settled?

Speaker 12 (16:51):
We do seem to have settled a bit more. There's
been a little bit of volatility around the two percent mark,
but the fact that it seems to be a bit
better contained is of course reassured boring. At the same time,
looking through some of the cost changes that we've seen
in March, and to be fear the last couple of
months as well, it is some of those often more
important items to households that are still increasing and increasing

(17:12):
at a rapid pace. So you look at the likes
of dairy, your milk costs, your cream costs, your cheese costs,
all of those are up. The likes of you your
other important stuff chocolate and coffee are also increasing. Olive oil,
you know, a little bit better in the last month
or two, but overall still high. So although I think
the pace of change is generally a lot less intense

(17:33):
when we got compared to when we had inflation really
running rampant, the fact is these costs are still increasing
and that's still sort of accumulative overall increase that still
makes it tough. I think when households are looking at
their budgets that things haven't necessarily got cheaper, they just
haven't been increasing at the same pace.

Speaker 2 (17:49):
But unlike previous times where costs were simply passed on
and supply chains were a problem and none of us
knew what the hell was going on with chocolate and
dairy and cocoa and coffee, and so we can explain
it because there's rationale. But you may not like it.
But there's a rationale behind it, though, isn't it.

Speaker 12 (18:08):
There is? I mean, especially if you look at some
of those overseas supply issues, the likes of your coffee
and your cocoa. I mean, people one still desperately want
that stuff. It's important in the morning and after when
you need a sweet treat at night, and that has
been driven by the fact that there's just not as
much production out of some of those key distributors around
the world for the likes of dairy and even meat. Increasingly,
you do see that there are those further price increases

(18:30):
coming through. That's because global demand is strong. And again
it's a bit of a double edged sword. On one hand,
it's good for our exporters that they're getting those higher
prices on the international market, but it also means that
domestic prices generally have to push higher to try and compensate.
Otherwise exporters would send everything overseas and the wouldn't be
enough left at home. So there is, again, I think,

(18:50):
a real challenge here. You're right though, that it is
a bit more explainable for households, though, and you can
see this in the survey results this morning, that still
is sort of cold comfort. You can explain, but it
still doesn't mean my life is any easier now.

Speaker 2 (19:02):
I get that. Having said that, do we have a
mentality now where the cost of living is just a
thing because we've decided it is, even though there might
be evidence i e. Two percent that it's not what
it once was.

Speaker 12 (19:15):
I think that's absolutely true. We've got a much keener
focus on inflation, and that's sort of what happens when
it gets out of control, and for a long time,
no one had to worry about it quite as much.
I think also, though, again, that the cost of living
challenge that a lot of households have is that I
do wonder if a lot of people are still waiting
for the cost to go back to what they were
in twenty nineteen, and just simply they won't. Everything is

(19:37):
a whole lot more expensive. But also we do concentrate
a lot more on higher prices or costs than lower
and we also don't take into account quite as much
the income effect. So yes, prices are higher, but people's
incomes have also increased. What came through a bit more
on the survey though, and I think this is sort
of a bit of a trend for this year. Although
you're going to have more people that are going on
to sort of lower mortgage rates, you've got more people

(20:00):
that again are seeing lower inflationary pressures. At the same time,
they're a bit worried about their jobs still, And while
that persists, that's still going to weigh on the minds
of household So everyone's pretty cautious. You throw in a
global trade war, and I think everyone's just still a
pretty a lot on edge. If you will, good.

Speaker 2 (20:16):
On you, Bradley. Good to have you on the program.
As always, you got to trust him. I mean, surely
if he did a media survey on do you trust
Brad Olson? The what's to argue? With eighteen minutes away
from seven Paul for Trump this morning, approval ratings on
economy inflation not good, economy forty four percent approved, fifty
six percent disapprove. On the economy forty percent approved, sixty
percent disapprove is down four points overall. He sits at

(20:40):
forty seven, which is down from fifty, So things not
trending in the right direction. More shortly, with Richard eighteen
to two.

Speaker 1 (20:46):
The Mike Asking Breakfast Full Show podcast on iheard radio
powered by News Talks.

Speaker 2 (20:51):
It be Mike. I think the problem is that everyone's
looking at the inflation number, not the actual number of
its ten dollars for butter and it was six dollars
last year. It doesn't matter if it only go up
another dollar. It's your wages. If you wages haven't well,
that's what Bradley was saying. You wages have. Wages are
on average outpacing the price increases these days, which is
getting back to some form of normality. Mike, it's not milk.

(21:12):
It's council rates and insurance one hundred percent. That's the
cost plus accounting that's going on.

Speaker 1 (21:17):
Six forty five international correspondence with ends and eye insurance.
Peace of mind for New Zealand business.

Speaker 2 (21:24):
The States forgo Richard. I'm very good money to you.

Speaker 4 (21:27):
Good make now.

Speaker 2 (21:27):
The Shapiro business is very serious.

Speaker 10 (21:31):
Well.

Speaker 13 (21:31):
Violence again, yes, on the political scene with the Pennsylvania
Democratic Governor Joshapiro and his family escaping an apparent arts
and attack on his home, the Governor's mansion. This was
two in the morning today. They were lucky to get out.
It appears there is a significant amount of damage to
the building. That's what officials are saying. Joshapiro is a
Democrat who's been talked about as a potential presidential hope

(21:52):
for twenty eight This attack has taken place just after
the governor, who is Jewish, had celebrated the first night
of the Jewish holiday of pass Over. They were awakened
by police and by other first responders who were at
their front door trying to alert them and get them out.
Shapiro says he and his wife and family are eternally
grateful to those who came to their aid in this

(22:12):
keeping them safe. Obviously there'll be a lot more to
all of this or reward has just been posted, but
seems to be in a close call.

Speaker 2 (22:19):
But where are we at with the terrorists by the way,
as though we can all keep up?

Speaker 13 (22:24):
Well, yeah, that's the point, isn't it. Chaos continues, and
who knows what Wall Street would have made of the
latest Trump announcement if they were operating through the weekend.
That's when Trump announced the tariff would be lifted from
iPhones and computers and some other electronic bits and pieces,
so Apple no longer had to put their precious iPhones
onto commercial flights from Jider up to India or whatever
to get around one hundred and forty five percent. It

(22:46):
was crazy, wasn't it. So did the president here blink
once again? Well, no, no, no, say his economic advisors.
The iPhones were going to be subject to the one
hundred and forty five percent US China tariff. But now
the high tech stuff has been put into a dim
basket with new tariffs yet to be announced, says COMMAS
Secretary Howard Lutnik.

Speaker 3 (23:05):
They're exempt from the reciprocal tariffs, but they're included in
the semiconductor of tariffs which are coming in probably a
month or two. So these are coming soon.

Speaker 13 (23:17):
Soon to be a coming attraction. Yeah, month or two ahead.
The high tech stuff will be hit by their own tariff,
says Lutnik about this. So there's what general ten percent
tariff which remains after the temporary ninety day pause on
other specific tariffs except the car industries tariff and the
tariff on steel and the tariff on aluminium, which are
still in effect of twenty five percent for most places

(23:40):
except for China, where it's still one hundred and forty
five percent. But all this could change shirt any time.

Speaker 10 (23:44):
Got all that.

Speaker 13 (23:45):
Meantime, has China made any move for talks? Trumpet plizer
Peter Navarro was pressed on.

Speaker 3 (23:51):
That hev opened up our invitations to them. Look, the
president has has.

Speaker 10 (23:57):
A really good Relationsharks right now.

Speaker 3 (24:00):
President has a good, very good relationship with President Sheep.

Speaker 13 (24:05):
No, they love each other, he said one of the
morning shows today. Even as China says they're never going
to be bullied. They will fight this to the bitter end.
While on the Democratic side of politics, Senator Elizabeth Warren
on the Banking Committee is saying this of how it's
been playing out of late, there is no teriff policy.
It's just all chaos and corruption. While the president is

(24:27):
facing claims that what he's doing is unconstitutional, say the Dems,
who note that the US Constitution's Article one, section eight
says it's the Congress that has the power to impose
duties and exercises, while Trump claims he is acting under
an emergency law by seizing foreign assets that make no
mention of tariffs. All the while the stock market continues

(24:47):
its die, eating into the assets of dozens and dozens
of people. So that is the ongoing concern that many
people have here, and we wait to see what the
stock market makes of that by the time they reopen
and tomorrow, so that is a bit of the problem. However,
on the political front, we've had some appearances today. Bertie

(25:10):
Sanders was out on the hustings today. He made a
surprise appearance at Coachella Fest last night after addressing thirty
six thousand people today rally in Los Angeles yesterday. That
was his bigger so far, said Bernie at the music fest,
which is featuring the likes of Lady Gaga and Post
Malone and Green Day.

Speaker 14 (25:30):
Now we got a president of the United States.

Speaker 13 (25:36):
So Bernie Carl walking to the kids there, Mike, good
on you, Mike, go well, catch up Wednesday.

Speaker 2 (25:41):
Richard Arnold slights. By the way, the aforementioned Navarro, he
sorted out the Elon thing.

Speaker 8 (25:45):
First of all, Elon and I agree, it's it's not
an issue.

Speaker 4 (25:49):
No, he called you a moron and dumber than a sac.

Speaker 2 (25:51):
Office have been called worse. Everything's fine with an Eli,
he's been called worse. By the way, the Louisiana Immigration
judge of before wooing the Khalil case, he can be
deported post potentially a serious foreign policy consequence. So that
came out over the weekend. And by the way, we've
got a number on the cars for the twenty five
percent tariffs. Don't forget about the twenty five percent on

(26:13):
the cars. They reckon or they crunch the numbers. This
Goldman sachs each new vehicle is going to go up
somewhere between two and four thousand dollars over the next
twelve months. And a company called BCG expects the tariffs
to add one hundred and ten billion to one hundred
and sixty billion on an annual run rate basis in
the cost to the industry. So how you saved money

(26:34):
and get better out of that? And no one knows.

Speaker 5 (26:35):
Of course, it's.

Speaker 2 (26:36):
Nine minutes away from seven.

Speaker 1 (26:38):
The Mike Hosking breakfast with a Vita Retirement Communities News togs.

Speaker 2 (26:43):
Had been Trump had his medical over the weekend. Excellent
cognitive and physical health exhibiting robust cardiac, pulmonary, neurological, and
generical general physical function. Five our medicals, several blood tests,
cardiac examination, had some multra silences. Active lifestyle. This is
a message for everybody in life his active lifestyle. Say
whatever you want about him. The guy moves about the place,

(27:04):
he never stops, and he plays a lot of golf.
Active lifestyle continues to contribute significantly to his well been
to some neurological staff, metal status, nerves, motor sensory function, reflexes.
Did the Montreal cognitive assessment. He got thirty out of thirty.
That's where you draw a clock and name some animals
and repeat some words back five minutes later. Little bit
of minu sudden damage. That'll be the golf in Florida.
Benign skin lesion, Several medications to control the cholesterol. That'll

(27:27):
be the hamburgers. Aspirin for the cardiac prevention. Got a
cream for a skin condition. He weighs one hundred and
one kilos, which makes him overweight. Not obese.

Speaker 10 (27:38):
He was.

Speaker 2 (27:38):
That's two twenty four pounds. By the way, he was
two forty three, so he's trimmed up. Ah, so not obese.
Joints and muscles have full range of motion. He lost weight,
by the way. When he has hamburgers, he doesn't have
the buns anymore. He's a fun fact five minutes away
from seven.

Speaker 1 (27:54):
While the ins and the outs, it's the Fiarz with
business fiber take your business front activity to the next level.

Speaker 2 (28:01):
Making your flood Uber. How much does Uber boost our economy?
New report on this this morning global research firm Public First.
It's found that Uber contributed one point five billion to
our economy last year. So that's direct, indirect induced value
by Uber and the Uber Eats and for those who
work on the platform, delivery people all of that. They
value the flexibility the most, being able to jump on

(28:23):
and off couple of hours here and there. That flexibility
is valued at an estimated two hundred and sixty million.
That's a ropey number. They made that up. I don't
know how they come to that crap. Seventy percent of
drivers spent fewer than twenty hours per week working on
the platform, one in three, so they use it as
secondary income for restaurants and dairyes, supermarkets, all that stuff.
Who signed up. They generated around one hundred and twenty
million in additional revenue through orders. Seventy percent of the

(28:46):
app users say they found new restaurants through Uber Eats,
and here's an interesting stat fifty eight percent said they
went on to visit the restaurants in person. So that's
a value to the restaurants. I would have thought tourism.
What can we tell you two point eight million trips
to and from the airport and an estimated sixty eight
million in extra economic activity for local tourism businesses. As
far as the local events go, well extra what have

(29:07):
they got? Twenty one million for the nighttime economy? That's
people going to the sport and the shows and the
consert and the clubs and all that sort of stuff.
So Uber's a valuable part of any modern Western economy.
Now you need a license, of course, to be an
Uber driver, and so they're changing the rules around licensing
in this country. I don't know what I mean. It'll
save you a little bit of money. I guess you
have one less test. But I don't know that they've

(29:28):
addressed anything substantive in this. I don't think it's going
to make us any better on the road. I mean,
will there be fewer idiots? Surely that's the test. Will
there be fewer idiots on the road. And my suspicion,
as the answers know Transport Minister Chris Bishop with us
on that trust in the media, do you believe any
of that? I don't believe it for a second. But
the co author of that report, and I'll tell you
why I don't believe it because I've I've got an argument

(29:49):
around it and will do the sport of course, the
e commentary box for you after eight news though, next.

Speaker 1 (29:55):
News, opinion and everything in between. The mist breakfast with
the range Rover belae designed to intrigue and use togs.

Speaker 2 (30:04):
Head be seven and past seven. So change coming to
the way we get behind the wheel only one practical
test instead of two. Restricted drivers with defensive driving and
the clean record will gain their full license up to
twelve months. The Transport Minister Chris Buship, good morning, good morning.
Now the numbers I found interesting that don't have licenses.
Do we know why people don't have their full license?
We don't know exactly.

Speaker 15 (30:25):
I'm an anecdotally certainly people I talk to going from
your restrictor to your full sitting in that second test,
if you already know how to drive, it's really stressful.
It's got expensive, by the way, it's one hundred bucks.
You've got to take time off school or work or
whatever you're doing. You've got to go bock it. You've
got to find a time that suits everybody a lot

(30:45):
of people just don't bother graduating from their restrictor to
their full So there you know, there are a lot
of people out there right now breaking the law, just
driving on their restricted that's not good. You also want
young people in particularly to graduate through the system properly,
and so we're bringing your own into line with other countries.
Most countries don't have a second practical test. Australia doesn't.
For example, people just graduate automatically through the system.

Speaker 2 (31:08):
That's three hundred and sixty two dollars you talk about
for the cost. Do we know if that's inhibitive and
or is it a ripoff?

Speaker 15 (31:16):
Yeah, certainly anecdotally it is a It is an inhibitor
for people from sitting there second practical for example. It's
partly why we're doing the consultation is to find out
a bit more about that. You know that the system
hasn't been reviewed since twenty eleven. Last time it was
done was back in twenty ten Stephen Joyce put the
age up from fifteen to sixteen for year lun of license.

(31:36):
But we basically haven't locked at the system since then.
So this is about keeping up to date with what's
happening and bringing the law into line with reality to
some extent.

Speaker 2 (31:43):
Okay, the demeritive fifty instead of one hundred, is that
real or theory? In other words, does it make any
difference at all the people's driving habits or ability.

Speaker 15 (31:51):
It's a quid pro quo for getting rid of the
second practical test for people getting their full license. It's
designed to send a really clear message that you shouldn't
be having any traffic infringements, you know, if you're on
your learner or you're restricted, and so it's designed to
send a message and make it really clear that we
want you to have full compliance with the law. Learn
how to drive properly, don't drink and drive, don't have

(32:14):
traffic traffic infringements, and you know once you've once you've
done that, you're good to go.

Speaker 2 (32:19):
Now, the nj TA is going to look at introducing
a hazard perception test. What does that mean?

Speaker 15 (32:25):
So when you do your full license, one of the
things that they test you on and your second practical
is hazards. And so if you obviously by getting rid
of the second test, the practical test, that would get
you essentially put potentially fall out of the system. And
so it's about basically about transferring that into your first
practical test to make sure you're taken to a cat

(32:45):
your hazards is that you know how I mean, you
probably don't know, Mike, because you've still got your license,
but you know, and you go with your instructor out
and they say, now point out all the hazards on
the road. And you've got your cyclist and your school
curtain and part car and the guy reversing that way,
and you know all that sort of stuff. That's what
it has a perception really imprint.

Speaker 2 (33:03):
All right, go, well, appreciate it. Oh, by the way,
what's the timefime and all this we're consulting now.

Speaker 15 (33:09):
We want to make decisions by the end of the year,
but it won't take efeat until next year. We've got
to we've got to get the details right on the stuff.
It's too important not to.

Speaker 2 (33:15):
Okay, appreciate time. Christmas Transport Minister with us this morning.
It is ten minutes past seven. Passing another backdown from
Trump Landers Richard told us earlier on as he blinks again,
this time over tech laptop, smartphones, memory chips, they're now excluded.

Speaker 5 (33:27):
Now.

Speaker 2 (33:27):
The significance here is that's twenty percent of Chinese business
into America. Of course, commentator Bill Bennett is with us
this Monday morning. Bill, Good morning to you.

Speaker 14 (33:35):
Good morning.

Speaker 2 (33:36):
That presumably means there aren't millions of Americans with tiny
little screwdrivers looking to screw in tiny little screws anymore.
So they saved them getting employed in Idaho and Indiana
and all the other places. What do you make of
this whole thing?

Speaker 14 (33:49):
Oh, it's a complete mess, and it's it's it's confusing,
and it's what. The one thing that is actually doing
for companies that are in the business is that it's
not giving them certainty. And if you ever speak to
any people in business doing these things, you know the
one thing they're looking for is certainty. And like I said,
that's success what they're not getting. But the whole idea

(34:13):
that you can build iPhones in the US, it's a fantasy.
It's crazy. You mean, the point about people's tiny screwdrivers,
it's true, and are there are hundreds of thousands of
people people doing that in China. But behind the people
that are on the front line assembling things like iPhones
and laptops and so on, there are very qualified, very

(34:35):
skilled manufacturing engineers and there are lots of them. There's
probably thirty thousand of those people in Shenzen alone, just
one city in China, and there's probably not maybe two
thousands in all of the USA. And those people have
three or four year degrees, They go away to college,

(34:57):
they learn that stuff. Then they need to get experience
and on just just getting those people in place, unless
you unless you bring them all in from China, which
of course is the last thing mister Trump wants to do.
Unless you do that, America is going to take sort
of seven or eight years just to get those people
in place, let alone anything else.

Speaker 2 (35:16):
Yeah, I mean, I don't even know if it's worth
talking to you, because you and I you know, you're
a bright guy, and we get it. But what, given
what you've just explained, and given how obvious that is,
what's driving the thinking behind on shoring that's never going
to happen.

Speaker 14 (35:33):
Well, it's what when things went the other way, jobs
were lost, that's that's the shore. I mean, the factories
closed and the jobs moved to China and Mexico and
India and Vietnam and so on from the USA. But
the thing, but like I just said that, it's not
something it's not a reversible ning. It's not something you
can bring back.

Speaker 2 (35:52):
No, exactly precisely. Bill appreciate it very much. Bill Bennett,
Tech commentator. Be interesting to see what the markets do
this week because of the team in has passed seven
post driver testing is the worst idea, quies the terrible
drivers and everything more. We need more rigorous testing. But
the problem is, here's the real problem with driver testing
in this country is there's nothing wrong at the beginning,
because you're very conscientious and you start off meaning to

(36:13):
do the right thing. It's the fact that you're never
tested again. So at the age of fifteen, sixteen, seventeen,
whatever the case may be, you get your test and
thirty forty fifty years later you haven't been tested again.
And that's where the habits form. A defensive driving course,
Mike will tidy things up, That's true. I've always advocated
for a compulsory defensive driving course, and once you've done
that and learn how to break and steer through trouble

(36:33):
and all those sort of things, you are a vastly
superior driver. But they don't seem to favor that thinking
in this country. Unfortunately, thirteen past.

Speaker 1 (36:42):
The high asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at B.

Speaker 2 (36:49):
And I always thought this tremendous amount of emphasis on
the theories, And I mean, how fast can you go
when you're towing a trailer and all that sort of stuff.
It's not nearly as important as can you actually drive
the car? For goodness sake. Now it's sixteen past seven
prime in the studio. By the way, shortly they've gotten more.
We've got our annual Trust and Media survey showing we
might have reached a bit of a bottom trust fill
one percent or only one percent to thirty two percent,

(37:09):
still a low number. Of course, forty five percent of
percent we trust the news we choose that numbers stable.
The report co author has Greg Treadwillers. Well, there's Greg,
very good morning to you.

Speaker 5 (37:20):
Good morning mom.

Speaker 2 (37:20):
How do we compare internationally? Where are we at?

Speaker 5 (37:23):
Well, we started, when we started doing this research in
twenty twenty, we were well above a sort of group
of comparable countries, if you like. But our trust and
news has been falling much faster than other countries, and
now we're way down the bottom with countries like the
UK and the US.

Speaker 2 (37:39):
Does the one percent feel like the bottom.

Speaker 5 (37:42):
Oh look, camp be sure, Camp be sure, but it's
very encouraging that things appear to be stabilizing. That's about
as far as we can go at the moment. But
there's certainly some big lifts in individual brand trust. So
for example, ZEDB has climbed remarkably and in trust also
have other New Zealand brands. Look, there's a lot of

(38:05):
things that contribute to the why, and I think one
of them is the distance now between us and that
very fractious time when we're much closer to the pandemic.

Speaker 2 (38:13):
Okay, so you think it naturally recovers. The further away
from COVID we get, the more trust will build by osmosis,
I think that.

Speaker 5 (38:21):
Is one of the factors. But I still think and
my colleague Media Mulilanti, who leads this project, we both
think that the news industry itself has responded positively that
it still has some stuff that can do to rebuild trust.
And one of the most important things that our respondents
told us that that would rebuild trust is transparency. Transparency

(38:43):
from news organizations.

Speaker 2 (38:44):
Do you trust your numbers to the extent that by
the time so you get one of the players who
we I think it was sixty percent TV and Z
or something like that, dipped in six out of ten
dip into TV in s once a week. Do they
dip into TV and Z enough to form a view
on trust or can you dip in for three minutes
and go now don't trust them? And that's an acceptable number,

(39:04):
and that's in the survey.

Speaker 5 (39:06):
Well, look, that's a very good question. What we ask
our respondents is only to rate news organizations that they know.
So if they don't know, for example, the small the
relatively small south islder news organization called tructs, then we're
not interested in whether they trust them or not. So
all we can do is absolutely the only thing we

(39:28):
can do is ask our respondents to rank those new
organizations they know. It's very hard to judge how well
they know them, but if they feel they know them,
then we're interested.

Speaker 2 (39:39):
Because the one of the most trustworthy organizations is the ODT.
And yet of your thousand people, I would imagine very
few know anything of the ODT. So you're asking a
very small number of people who may know the ODT
to rank it. Therefore, is that legit?

Speaker 5 (39:55):
Well, I guess all methodologies have their nuances. This Our
methodology is mirrors the University of Oxford's Reutter's Institute surveys
that come out every year in a very large report
called the Digital News Report. We take the trust section
of that and mirror that New Zealand, so we have
international comparisons. We don't have any doubts about the methodology.

(40:17):
But what you say, there are smaller numbers of ODT
readers than the Herald or z B listeners. Absolutely, but
it is averaged out of the proportional thing of the Yeah,
so we do know that the ODT is trusted. We
think largely because it's so local. You know, you go
to Tonedan, you go to the rugby game, there's the

(40:39):
ODT across the top of the stadium. I saw it
on another big public facility. That there's a very strong
sense of identification in the target with local things because
they help differentiate your identity as an a targetism.

Speaker 2 (40:51):
That's interesting in and all of itself, because that's called
branding and marketing, isn't it, Which is not really about trust.
It's just like, have you brought enough advertising? Everyone heard
he tell you? Yeah, I saw that. See your Mike
Hosking Billboard. Yeah he looks like a good guy or not?
Six were seven twenty.

Speaker 1 (41:08):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio Power
by News.

Speaker 5 (41:14):
Talks EP.

Speaker 2 (41:16):
Mike, your Bill, Bill drew all the airbrush with makeup on
John not True seven twenty three. Now listen to my
ongoing advice and to the government is don't make big
announcements on Friday. So I watched the Prime Minister from
the way Kato on Friday at the Ruakura super Hub. Now,
this is what the government lives for. Of course, this stuff,
it's what they dream of, it's what they preach at
this Hooper Hub, which by the way, is one of

(41:38):
the great visions for this country services forty five percent
of the population, fifty five percent of GDP. It's part
of what they call the Golden Triangle when it comes
to business. Hamilton Tower on at Auckland anyway, at the
press conference there's a rep from the company Brookfields with
trillion dollars in assets under management, the local tribe Taianui,
and the Prime Minister too, who Morgan is from the tribe,
who had another life, of course, became famous for a

(42:00):
spent of taxpayer funded underwear in his current life spoke
very eloquently about what the super hub means, how big
it is, how massive the vision is, how transformational it
all could be. So not just amiss for the government
in terms of coverage for exactly what this country needs, vision,
risk taking and growth, but also the chance for us
to see a part of the so called Maori economy

(42:21):
that we don't often see. See Taynui are a wonderful,
wonderful success. The sadness for me is I don't actually
see them as Maori per se. I see them as
a business, and a good one. Race should not be
part of business. Performance is the key to business, not race.
But there is no denying their money came out of
the treaty settlement process and they've taken it and they've
run with it. And not only don't forget to see
the successful side of the Mari economy, we don't ask

(42:44):
often enough how is it you can have that much
success and yet still have so much Mari deprivation? That's
the news. We do hear a lot about poverty, addiction, violence,
health issue it's all bad news. Why if maur can
do well, why we're so obsessed with why they aren't.
And if there is a way out for those who
need it, and Murray have provided the blueprint, why is

(43:05):
it still an issue? Maria held back? We are told,
are they? Why haven't tayy who even held back? Or naitahu?
And if you listen to the Willie Jackson's he'll tell
you colonialism has ruined the Mai dream. I didn't see
that on Friday, quite the opposite. Pasking clondness for about
that moment, Mike, I had the pleasure of a longer
commute to work today Upper hut to Patoni State Highway

(43:28):
to down to one lane southbound whilst work has been
done on an old sewer line under the motorway. You'll
be pleased to note I estimated upwards of a thousand
road cones in place, yet not a single man at
work to be seen. How surprising, Mark, You've got your
hot line ring the hot line. There's a hot line
even up and running. Now let me ask you another question.
This came out of my reading over the weekend. Air
Chathams might well pull the Fakatani route. So air Chathams

(43:51):
needs support from the district council as well as the community.
They're going to continue providing flights in the region. So
the company is considering with drawing from the fuck Attorney
to Auckland air route in the next six to twelve months.
Since April of twenty three, they've lost They claim over
a million dollars on the route. So part of the
problem is business travelers made up more than fifty percent

(44:13):
of the passenger travel. They at the time retired the
eighteen seat metro liners and they stuck in the thirty
four seat SAP. Now they share it and this is
as far as I can work out, this is the problem.
They share that with the Kapiti Coast Air service, so
it couldn't provide the flights needed to cater for the
business market. So that part I'm not quite sure of.
Why can't they And if there is a market there,

(44:33):
why don't they get a plane in there to service
that market. So that included early morning, late afternoon Fuckatanney
to Auckland people who pop up and pop back. We
can't make this route work if we don't cater to
the business traffic. So they know the problem, they've got
the demand, they can't seem to fix it, so they've
engaged the council. Now question number one for you, should
the council be responsible for funding air services? More important too,

(44:59):
if their News Zealand was announcing this this morning, would
you be going nuts? Would you be apoplectic? That's typical
of the in New Zealand. They're just gouging the provinces,
et cetera. So when Near New Zealand pulled the air
Chathams went in. If both airlines can't make it work,
have we concluded? The simple truth is there are certain
parts of this country we simply can't link by air

(45:21):
and that is the price we pay for being a
very small nation. News is next, and then the PM
for you.

Speaker 1 (45:26):
New Zealand's home for trusted news and views, the Mike
Hosking Breakfast with Bailey's Real Estate, your local experts across residential,
commercial and rural news.

Speaker 2 (45:37):
Togs Head be twenty three minutes away from eight Commentary
Box after right, of course, being a Monday morning meantime,
the Prime Minister is with us. Very good morning to you.
With you now, Rughura, I watched you live as is
my want on a Friday afternoon, beaming out next to
Toku and Co. You've got to stop making announcements on
Friday because you're missing because this is what you guys

(46:00):
look for, isn't it. It's about growth, investment, success, billions
of dollars what could be? And there you were, you know,
wasting your time on a Friday. So that now I
work Fridays though now I know but the media types
may not. But when I am working, the rest of
the country don't. But but but let me ask you
several questions about it. One, how big do you think
it will be? Two? Why is it we don't hear

(46:22):
more about that side of the mari economy and only
the bad side of the Mario economy.

Speaker 4 (46:27):
Well, both questions really good.

Speaker 16 (46:28):
I Mean the first thing is that's exactly what I've
been talking to EMI leaders about now for probably the
last year. You know, we want to get on, get
money to evolved, get them cracking, get them investing exactly.

Speaker 4 (46:39):
As they're doing there. That's a great story.

Speaker 16 (46:41):
I mean, that's a billion dollars worth of investment coming
into the Waikuddo. That's a you know, there's a big
inland port there. They can able to expand out that
hub that they're building. That's forty five percent of the
population of New Zealand about fifty percent of the GDP
tied up that's going through that place, connecting told on
A Port with Auckland Port and all the other ancillary
bits that are happening as a result. So you know,

(47:01):
that's why I invited EWE to the Infrastructure summit because
they are good partners. They've built a lot of commercial
saviiness actually over the last thirty years post settlements, and
that's exactly what you want, is you want them actually
firing up and following the same going for growth plan
that we've got as a country happening with EWE as well.
So that is the opportunity for us to do that work.
But no, pretty exciting stuff.

Speaker 2 (47:21):
Can you explain to us? Then? Why is it you
look at Toku and Co and Naitahu their water resource
case and christ future side, successful parts of the Marria economy.
Where where's all the money gone? Why are there's so
many mari and deprivation, hunger and poverty and all the
other issues. Where where's it all gone?

Speaker 17 (47:38):
Well?

Speaker 16 (47:38):
Actually, that's the nature of the conversations that we've been
having is that you know, they're in the same position
that we are in as a country, as you need
the economy fired up. You need a bigger economic engine
so that you can deal with the issues that you've
got socially better public services, health, education, all that stuff,
housing and so some of our e we obviously are
pretty well resourced now they've grown their funds as even

(48:00):
and that's where was it Rokawa. I was meeting with
them last week in Ewee. They got fifty million dollar settlement.
Well they've turned that into two hundred and sixty million
dollars in a pretty short period of time, and they
are actually investing that money back in. But that's my
conversation with them as well as right, well, what more can.

Speaker 4 (48:15):
We do to get our kids to school?

Speaker 16 (48:16):
What are we doing to improve maths and reading across
the piace, What are we doing around health and vaccination outcomes?
And those the same conversations we're having at a country
level that we need to be having together the government
and EWI, And there's good alignment on those conversations frankly
behind the scenes.

Speaker 4 (48:31):
So I'm pretty excited about that.

Speaker 2 (48:33):
Okay, the speaking which related the sea lord lost, what
are you going to do with them? Sorry? The sea lord?

Speaker 4 (48:39):
Well, I mean that'll be a decision for Shane Jones
to work through, or.

Speaker 2 (48:41):
He claims off to the government. So it's Shane Jones government.

Speaker 4 (48:45):
Well let's see, let's see. I I'm going to let him.

Speaker 2 (48:47):
I mean, so you can do one of two things.
You're either going to write a check, You're going to appeal.
So which is.

Speaker 4 (48:51):
I'm not sure. I'm not brief on that. I'll li
Shame deal with that first.

Speaker 2 (48:54):
Okay, over what time frame? Is this pressing or is
it you're just going to let it ride or it's
a significant low. So I don't understand. Well, you know,
you give allocation, they took you to court, you took
it away with no compensation. You've lost, So you either
think you've lost, you know, illegitimately, so you'll appeal, or
you owe somebody some money.

Speaker 16 (49:12):
Yeah, in fairness, that decision will have to talk through
as a cabinet. Shame will lead us through those conversations.
We haven't had a chance to get us, Mike to
talk that through yet.

Speaker 2 (49:19):
Okay, world leaders calls how many have we got anywhere?
And is Winston Peters right and saying you're a bit hysterical?

Speaker 16 (49:28):
I think actually I don't know where that's a real
media beat up that story because actually, if you think
about what he's actually saying, we're saying the same thing,
which is that we've been pretty cool, calm and collected
and responding to this thing. I think commentators would admit
that my course to leaders are doing exactly the same thing.
Where are you at, how are you responding? It's important
everyone has cool heads. The second thing is a good

(49:48):
conversations because it's like what more can we and should
we be doing in a bilateral sense. And the third
thing is that I'm making sure that the blocks like
the EU and the CPTPP and ACN, what we don't
want them doing is tip for tat twists between each other.
You know, we want to make sure that they are
affirming the rules operating within dispute mechanisms that we've got
in place.

Speaker 4 (50:09):
We don't need the pressure going the.

Speaker 16 (50:10):
Other way across the different blocks several and on the US,
I just say, look, we've got a positive constructive relationship
with the US.

Speaker 4 (50:16):
And we'll continue to do so.

Speaker 2 (50:18):
As far as the have you actually made any progroups
though sure of bringing these people up, has anything actually happened?

Speaker 16 (50:24):
Well, what is happening is you have to think about
my conversations with Singapore, you know, the thought of right, well,
what more could Singapore and New Zealand be doing. We
have a work plan in place that the Prime Minister
and I've been promised to Wong and I've been working
through and we both made a commitment. Hey listen, we
should get our teams back together again post as election
and very quickly with the Australians work out what more
could the three countries actually be doing together? How could

(50:44):
we accelerate what we're doing. We want to move to
what's called a comprehensive strategic partnership. Those are the sort
of things that we can do.

Speaker 2 (50:51):
More off See. One of the things that consumers about
you ring the EU is the EU free trade deal.
We've got to crap deal. It's nothing like the UK
deal or the UAE deal. Are you suddenly turning them
into free traders when they're not really free traders?

Speaker 16 (51:03):
Well there's no I mean I saw media report suggesting
that the EU it would join CPTPP. They've got twenty
seven countries inside there with a range of views. That
would be an absolutely mother of a process to get
them to CPTPP.

Speaker 4 (51:15):
To be honest with you. But what I'm trying to avoid.

Speaker 16 (51:18):
Is you've got CPTPP, which is fifteen percent of the
global economy. You've got the EU Trading Block, which is
another large percentage of the global economy. What you don't
want happening is countries within those two blocks actually landing
reciprocal tariffs on each other as well. In terms of
that's what I'm saying. We don't want trade wars, we
don't want tariffs. We don't think that's good.

Speaker 4 (51:38):
And there are disputes.

Speaker 16 (51:39):
Between different blocks and between countries within different blocks, and
so you've got to say, hang on, everybody, keep calm,
follow the rules. If you've got a dispute, don't go
off and level a tariff against another country and another
block or a block between a block.

Speaker 4 (51:52):
And so that's the nature of that complet Just.

Speaker 2 (51:54):
For the record, so Peters wasn't referring to you, you
would argue he was referring to general global real because.

Speaker 16 (52:01):
And that's what I'm saying, I don't sort of understand
why the media is beating this thing up because.

Speaker 2 (52:04):
The person that's what the media does.

Speaker 4 (52:06):
Yeah, but the bottom line is, you know, that's.

Speaker 2 (52:07):
Why the trust levels at thirty two percent.

Speaker 16 (52:10):
Well you can say that. I wouldn't possibly comment like
your industries are popularity, But I just say, you know,
we as a cabin had a good conversation about this
right from the get go. Stay calm, stay core about it.
Let's work our way through it very, very reasonably maturely.
We're doing that.

Speaker 4 (52:25):
Obviously.

Speaker 16 (52:25):
Winston's involved, I'm involved, Nicholas involved, you know, Todd McClay,
even Judas involved, and the five of us, I think
you know, are all being pretty consistent, calm, keep constructive
and positive with the US advanced by lateral relationships where
we can. That's the work I've been doing for the
last sixteen months. This is the reason I've been out
in the world trying to do this sort of thing.
That's why we've been to Vietnam and UAE, and you know,

(52:47):
we're going to the UK and.

Speaker 2 (52:48):
We'll talk about the UK. I'll talk about the UK
in a moment. As far as the Chinese is concerned,
they reached out to Australia last week and said let's join.

Speaker 16 (52:54):
Did they reach out to US as well or not?
Not that I'm aware of. But I just say, you know,
we have an independent foreign policy to New Zealand's national interests.

Speaker 2 (53:01):
Of course, but could they did suggest somebody suggested they
could be part of the CPTPP. Is that possible? Is
it more possible now than it was previously?

Speaker 16 (53:10):
Well, I don't think anything changes with the CPTPP in
the sense of that China has applied for membership of
the CPTPP, as have a number of other countries.

Speaker 4 (53:20):
We have what are called the Auckland principles. So you've
actually got to say, are you a good free trader?
Have you upheld laws?

Speaker 16 (53:26):
Do you have consensus from all the other members to
come into the agreement?

Speaker 2 (53:29):
Well they fail on all that, don't they.

Speaker 16 (53:30):
Well, well, let's see, but there'll be a number of
countries that we have to assess through that sort of lens,
because you actually want people who are genuinely committed to
free trade and are going to be good traders in
that system. So it's not to say that China would
or wouldn't be, But the point is there is a
process and you have to have that criteria otherwise you sort.

Speaker 4 (53:49):
Of undermine what we've done.

Speaker 2 (53:50):
The nine billion. I don't think I've asked you this
since God announced the nine billion, the new money for defense.

Speaker 4 (53:55):
The incremental new money for the next four years.

Speaker 2 (53:57):
What magic are you pulling out of a hat in
the budget to find that you're quite skeptical about our
whole books and they don't look good. I don't know
where you're nine billioners.

Speaker 16 (54:09):
No, look, it is within our fiscal track and all
will be revealed. What it means is that we understand
what we've committed around delivering within our operating allowances.

Speaker 4 (54:18):
That there's the next few budgets which we understand.

Speaker 2 (54:20):
How far are you going down your track? How far
is you track? Is it a fifteen to twenty year track?

Speaker 5 (54:25):
Is it?

Speaker 1 (54:25):
No?

Speaker 16 (54:25):
What I just say to you, as we are on
track to manage that investment and that commitment with the settings.

Speaker 2 (54:31):
In a way. You know you're going to have to
come here on the Monday afternoon and you're going to
go You know that's brilliant.

Speaker 4 (54:37):
You've actually wanted to do all of that defense spending.

Speaker 2 (54:39):
You've got your financially God unless you and I hope
you can and the decision is a good one. But
I just don't know where the nine billions coming from.

Speaker 16 (54:45):
It's assured we think we can manage it within our
fiscal settings. That We've got the second thing as each
of those business cases come before the Cabinet to make
sure that we're getting good value from them, and we
have a formal two year review because frankly, if the
economy gets better, I want to be able to tip
more money into to defense over time. The cool thing
about that, Mike, there's actually some amazing New Zealand companies

(55:05):
doing some incredible defense.

Speaker 2 (55:07):
That was the news that came out of it for me.

Speaker 16 (55:08):
I didn't realize And there's actually a fledgling defense industry
and it's amazing. We've got companies here providing the Brits
with kit and equipment that they should have been providing
with us as well. So it's a good economic thing
as well.

Speaker 2 (55:20):
Okay, Britain, Why what tangibly? I mean, it's always good
to go to Britain. Who doesn't like going there? But
what tangible is going to come out?

Speaker 16 (55:25):
Yeah? Really, Britain is really a couple of things. One
is to first and foremost see the King, which was
due to happen last year but it didn't obviously with
his health issues. Secondly, to spend time with Kiir Starmer
will actually have a good lack of time together to
go through and first of all, we're going to go
actually see our troops in the south of England that
are working with the Brits training Ukrainian soldiers. Then we'll
have our formal ten Downing Street Bilateral, which is a

(55:48):
chance to talk about some of the economic stuff but
also the security stuff that's happening in the region but
also around the world, and how more we can collaborate
the Brits. You know, we're a long way away from
each other, but the good historical partners of ours and
we want to keep reinventing that.

Speaker 5 (56:01):
Well.

Speaker 2 (56:01):
Well, the good news is I'm not taking a holiday,
so I'll be here next week so you can ring
me it am you said, did I dial in? You did?
You were in India? I said, you can dial in
from England next week. We'll see you next week.

Speaker 7 (56:16):
Is it?

Speaker 2 (56:17):
Next week? You'll be there.

Speaker 16 (56:17):
I'll be out on the weekend and in England and
then down to Gallipoli for one hundred and tenth annivers
which will be pretty special.

Speaker 2 (56:23):
All right, we'll talk next week. Appreciate it, nice to
see you.

Speaker 4 (56:25):
Thanks.

Speaker 2 (56:26):
Five minutes away from eight.

Speaker 1 (56:28):
The Vike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News talks at me.

Speaker 2 (56:35):
Mike, does the PM realized China's on the opposite side
of US are playing munitions to Russia. We're actually at
war via a third party. I mean, look, if you,
as I've said a million times on this program, if
you looked at each individual country and said here are
the things I don't quite like about the way you
operate globally, we'd literally trade with nobody. It's not how
the world works. It's just interesting that this particular point
in time, if China did join the CPTPP, that would

(57:00):
stick it right up America in a major way. Not
that that's going to happen, because I remember asking the
Prime Minister previously that the qualification for the Chinese to
join the CPTPP they wouldn't pass. So it's an interesting business.
But I mean, when you look at the size of
Europe and you look at the size of China, what
he was trying to point out, I think is that
you know, we're not solely reliant on the Americans to
do business. Mike, if anyone understands the world situation Luxon does,

(57:23):
he projects a calm, carry on mentality and just keep
doing what any competent, knowledgeable world leader would do for
this country. The media needs to calm the farm and
stop desperately looking for division and the coalition. I think
there's probably something in that, there's no shortage of commentary
if you're reading it in the last couple of days,
that suggests that this actually might be the crisis that

(57:44):
makes or is the making of Luxem because it's the
ideal crisis for a person who comes from business, because
if he has a strength, it is the business world,
and trade is business, and business is trade. So it
might well in some way, shape or form, be the
making of them. Ate away from it.

Speaker 1 (58:01):
The mic casking breakfast with the range Rover Villa news
togs had been.

Speaker 2 (58:05):
Lauding Mike hah gone up and watched the f one
law some results squarely on him. Errors in qualifying, plus
his erarors in the race. He would have had an
okay result from a bad start, would have given him
confidence and a little bit of redemption. Now the heat'spin on.
He only turned up a notch. A couple of quick
things on that. When you say errors and qualifying, that
wasn't you realize it wasn't him. It was his car

(58:26):
the DRS, which is a little flap in the wing
at the back of the car on certain parts of
the track opens up you get extra speed during qualified
they that broke, so he lost the speed. He didn't
qualify as well as he could have should have, So
that wasn't on him. It was on the car. As
regards the two point well, the second he got ten
or fifteen seconds, whatever it was in the end, that
was on him in the sense that you had to

(58:48):
be desperate in terms of overtakes, very hard to overtake
on the track, and therefore he gave it. Nothing ventured,
nothing lost, was his basics. So I get what you're saying.
And if I was him, i'd be a down at
the moment. I mean, if he didn't have bad luck,
he'd have no luck at all. So it's got a
little bit of that about it. So he did in terms,
if you want to take glass half full, he ended

(59:09):
up take the penalties out. He ended up from where
he started, and that's always encouraging Red Bull generally, and
that's the two Red Bull cars as well as the
Racing Bull cars. They all had a reasonably unsatisfactory day.
So I don't know that he's going to get singled
out for any particular attention, but you're right he does
need to and this next weekend will be the next

(59:30):
opportunity he's got in Saudi Arabia. He needs to actually one,
do well, qualify well and potentially fingers crossed to get
a few points. Anyway, more on that with the lads
in the commentary box after the news, which is next
Fearite News Talks, d.

Speaker 1 (59:43):
B setting the agenda and talking the big issues, the
mic hosting Breakfast with al Vida, Retirement Communities, Life Your Way,
News Talks, head b, fl Time and sky Stadium.

Speaker 18 (01:00:01):
The Crusaders hung on with thirteen men whens.

Speaker 7 (01:00:06):
Angus may be blows full time before a Tizan home.

Speaker 18 (01:00:10):
There record It's perfect but knocked off the top of
the table Chiefs.

Speaker 12 (01:00:16):
The Blues win the Battle for Auckland thirty six seventeen.

Speaker 2 (01:00:21):
And the Highlandness forty three. Fiji and drew in twenty
and the heartened and will get a lot of confidence
from that match. The Check of Flaggers.

Speaker 18 (01:00:30):
He Oscar Piastree wins the fair Rain Grand Prix and
kiss McLaren their first ever victory here in the Kingdom
of Bahrain.

Speaker 2 (01:00:39):
And overall a poor day for the Warriors.

Speaker 1 (01:00:42):
But Craig Hillamy, you can afford this smile if you
want to.

Speaker 11 (01:00:45):
The Melbourne Storm forty two fourteen and.

Speaker 2 (01:00:49):
New Zealand has run every millimeter of this drive by
young man Pain who wins the Jason Richard's Trophy.

Speaker 1 (01:00:57):
The Monday Morning Commentary barks on Mike Hosking breakfast with
Spears Finance, supporting Kiwi businesses with finance solutions for over
fifty years.

Speaker 2 (01:01:06):
Yes, he passed. I think that was my high light
of the weekend. Actually, Matt Payne Andrews s helvels with
us long as Jason Pine fellows. Good morning to you,
Good morning Sam. What's Berlin not being there?

Speaker 5 (01:01:15):
Mean?

Speaker 2 (01:01:16):
Is this a big deal or not?

Speaker 18 (01:01:17):
Really it is a big deal. Look, he's a fantastic sailor, Mike,
and obviously he's had a lot of success in the
America's Cup. My understanding is around that, listening to a
few voices around the traps, is that it's money. Clearly
Team and Z weren't willing to pay what Peter Berling wanted.
He's a professional sailor, understand that supply and demand. Can

(01:01:40):
he go elsewhere. Know he can't because the nationality rules.
Well he can't go on to another boat, yep, but
he can assist other teams. And the other point that
I'm hearing is that he is fearful for the lack
of competition in the next America's Cup because just don't
know who's going to turn up, and he Ofs is gone.
Will the Americans turn up, Will the Ainsley and the

(01:02:01):
Brits get another challenger? He That is one of the
reasons why that I'm hearing is the way Berling has gone.
And also he's got a lot on his plate. And
I suppose the America's Cup just takes a vaccine.

Speaker 2 (01:02:13):
Interesting, isn't it? So who replaces him? Jason? We've got
any clues and doesn't need to be a name that
we know or I mean there's the I mean, sailing
must be stacked.

Speaker 11 (01:02:22):
With telling Well, I guess so, I guess it does
need to be a name. You can't just put anybody
in there. Nathan Outra just a guy they're talking about.
I'm not sure what Blair Chuke's situation is. He seems
to be inextricably tied to Peter Burling, doesn't they haven't
heard much about what Blair Chuke plans from here. Look, yeah,
I think Sam's right. There's a lot on Peter Berling's plate.

(01:02:43):
He's clearly invigorated by sale GP, which is very competitive,
ultra competitive, although they've had to cancel the Brazilian event
to get the boats right. But I just think he's
he's maybe, I don't know, moved on from the America's Cup.
Hees one is it three times?

Speaker 18 (01:02:57):
Maybe there's a lot more certain around sale GP. Apart
from that next canceled race. Mic and Bleed Cheo Competter
Burling run their own team so they have more control.
I'd heard as well that those guys run about a
third of what other America's Cup sailors are and other teams.

Speaker 2 (01:03:15):
Yeah, but the probably the problem with the money though is,
as you point out, it's not like they're going to
the other teams for the money because they can't. So
he's gone from whatever he was on to zero, which
doesn't strike me as a big upgrade.

Speaker 18 (01:03:28):
Obviously, Dugger's claws the Yeah, I don't think.

Speaker 11 (01:03:31):
Yeah, I don't think he's he's singing for his supper, Mike.

Speaker 2 (01:03:35):
No, I think he's all right. Did either of you
watch Taalpo.

Speaker 18 (01:03:39):
Yeah, yeah, I saw Matthew Payne win on Saturday and
little bits of use today.

Speaker 2 (01:03:44):
Mike, he he.

Speaker 18 (01:03:46):
I remember doing a young on them years ago when
he won a poorsch scholarship and there were huge wraps
on him around then and just watched them over the
last few years and supercars taking time to bed in.

Speaker 2 (01:03:58):
But he's one heck of a he's fast. He was
what he did in the media. He's in his third season.
What he did immediately is a good qualifier. He's got
good pace on one lap when he gets into the
you know, the top ten shootouts that sort of stuff.
But but but what you saw at the weekend was
a champion driver. And so for a guy who's still
very very young, he's done fantastically well. But what I

(01:04:19):
like Jason was, apart from anything else, Taupo looked magnificent
being beamed out to the world.

Speaker 4 (01:04:23):
Yeah, didn't it?

Speaker 11 (01:04:24):
Just and to know we're probably almost certainly going to
have another one next year down in Poona, you know,
two two New Zealand legs. And I really like matt
Pain as well. He just seems so unaffected by it all,
which yes, I think is the hallmark of all the
great drivers. He got out and he looked like his
heart rate hadn't gone much above resting, So yeah. And
the Jason Richards Memorial Trophy to special having a key

(01:04:45):
with winning that joins Van Gisberg and McLoughlin and winning that,
so yeah.

Speaker 18 (01:04:49):
Matt Painte looked like look like good racing, look like good,
good type racing. A few you know, door handles being bumped,
and the crowd looks fantastic. The amount of money that
must drag into the area, it'd.

Speaker 2 (01:05:03):
Be boom times. I mean, you know we've all been
to Taupo many times and it's like that place was jammed. Now,
Laws and Sam how long before? I mean, I know
he had his DRS and I know it was a
bit technical, and I know he ran into a couple
of cars and he got some time penalties and stuff
like that. But Gez, he really now needs to start
to do something this coming weekend, doesn't he.

Speaker 18 (01:05:23):
It seems every weekend there seems to be a new
issue or a different issue. So next weekend, I think
this is what's two or three of three races in
a row?

Speaker 10 (01:05:34):
It is it.

Speaker 18 (01:05:36):
Probably needs to be points or else, doesn't it?

Speaker 2 (01:05:38):
It needs to he needs to qualify. Well, the thing is,
people still fascinate themselves about Tonoda Sonoda's not the thing.
I mean, yeah, it'd be nice to beat Snoda. But
the thing is hadj Hadja is seemingly a better driver
and unless he can turn that around and beat his
teammate consistently, that's that's where the that's where the trouble strikes.
So he's going to beat him on the track.

Speaker 11 (01:05:58):
He beat him on the track this morning, didn't he
does There's some penalties that that cost them do We
just have to have to accept, Mike that this is
Liam Lawson in his first Formula One season, that we
are going to have finishers and the teams that that
points are going to be very hard to come by.
In fact, maybe he won't get many at all.

Speaker 2 (01:06:16):
Well know, that's a very good point, Jason, because they
shouldn't because Racing Balls are a midfield team. On their
very best day, they may get a point or two.
They may well do, and that's what midfield teams do.
But not everybody started in the number two Carra and
Red Bull at the beginning of the season. So that's
where we sort of marked it all unfortunately from the

(01:06:38):
start anyway more in a moment, Jason Pine Andrew Sabil
thirteen past the.

Speaker 1 (01:06:42):
Mike Hosking Breakfast Full Show podcast on iHeartRadio, carlet By News.

Speaker 2 (01:06:47):
Talksp News Talks, sixteen past eight, the Monday Morning Commentary
Box on the Mike Hosking Breakfast with Spears Finance supporting
Kiwi businesses with finance solutions for over fifty years. Some
plan and Andrew Sevil, what was your highlight Rugby wife.

Speaker 18 (01:07:03):
Sav Probably the Crusaders hanging on against the Canes. I
don't know how the Canes lost that down to thirteen
or the Crusaders were down to thirteen men and Wellington.
I just assumed the Canes would score and it go
to extra time. So I thought that the Crusader's plenty
of great thought. Scott Barrett played really well, Boden Barrett

(01:07:25):
played well for the Blues against Mowana, and I really
enjoyed the women's final too, Actually, very very tight game,
dramatic in the end, red card and no it was
it was good all round.

Speaker 2 (01:07:37):
You reckon anyone watched the women's game, hand On Hart.

Speaker 18 (01:07:42):
Well, it didn't help the scheduling I just assumed the
final would be on in the afternoon because that's when
they played all their games. They're up against the Highlanders
game and they're up against Auckland f C. Now I
watched a fair chunk of the FC game too. That
was let me guess, that was an amazing game of football.

Speaker 2 (01:07:58):
Was it a drawer?

Speaker 18 (01:08:01):
It doesn't matter, Mite. They were too kneel down and
they fought back to draw two. All they probably should
have won, Jason, shouldn't they in the end A couple of.

Speaker 11 (01:08:08):
The years I think they had the chances to when
Steve Kurker said that, yes, another draw, that's five and six.
Now it's almost becoming Yeah, more of it, not the
exception the rule. Look, there's still four points ahead. There
are three games to go. Yeah, and the difference your
rights have. The difference with this one and the other
draws they've had is that they were too nil down
and fought back to get a point.

Speaker 18 (01:08:28):
And yeah, I thought it was a great watch because
both teams were out on their feet. It was obviously
warm and Sydney, and I think Sydney, you see, Jason
had been away to the Asian thing of both teams
were bagger there was it was in to end football mic.
Really you need to.

Speaker 2 (01:08:44):
That's probably what you're saying, isn't it? Were you happy?

Speaker 12 (01:08:47):
What about the what? What about the Warriors? Look?

Speaker 18 (01:08:49):
The only consolation was.

Speaker 2 (01:08:51):
One second half, very successful second half and won the
second half? Was it six thresh them?

Speaker 18 (01:08:59):
The only consolation? You know where I watched the game,
The only consolation. I watched the game at the Duke
of Marl Brooks.

Speaker 2 (01:09:06):
No way in Russell, mm hmm, fantastic. What were you drinking?
What were they serving?

Speaker 18 (01:09:12):
It's it's the it's it's one of the great pubs
of New Zealand.

Speaker 2 (01:09:16):
Right, How did you get how'd you get there? Where'd
you come from?

Speaker 18 (01:09:19):
If I drove, I drive from Auckland.

Speaker 2 (01:09:21):
You drove from because it's that last part that round
the beaz Operah. It said you get them, you get
on at the opera.

Speaker 4 (01:09:27):
Or yeah, yeah, yep, yep.

Speaker 2 (01:09:29):
It's only it's it's that. But they need they need
a four lane highway from Walkland. Once I've done to Hannah,
they then need to add on the four lanes directly
to Russell.

Speaker 18 (01:09:40):
Your face was in my mind yesterday as I drove
from Warkworth after Walkworth.

Speaker 2 (01:09:45):
North, Yes, third world.

Speaker 5 (01:09:47):
Just it's I know.

Speaker 18 (01:09:48):
We've had this conversation a million times. Of God, it's
a goat track.

Speaker 5 (01:09:50):
It is.

Speaker 2 (01:09:52):
I mean even in your car.

Speaker 18 (01:09:56):
The Corolla hugged the corners, Mate, and so then you
arrive in Russell and it's beautifully still reminds you of
like of Acaroa, where I spend.

Speaker 5 (01:10:04):
A lot of time.

Speaker 2 (01:10:05):
Yeah, no, very true. Actually it's a very good point.

Speaker 18 (01:10:07):
I get to walk in the doors of the Duke
and sit down and leather arm chair and watch the game.

Speaker 2 (01:10:11):
And have you been sorry? Carry on, just I was
just going to talk about the Warriors.

Speaker 5 (01:10:17):
Gay.

Speaker 11 (01:10:17):
I mean, I'm loving this, the sort of gentle, sort
of salt.

Speaker 2 (01:10:20):
Around old man talking.

Speaker 11 (01:10:23):
I don't think. I don't think I am in my
lifetime going to see the Warriors beat the Storm. I've
almost come to me.

Speaker 2 (01:10:30):
I think that's fair. I know, I think seven seventeen
once you get to I was thinking about it before
the game at sixteen, and I thought, at what number
do you get to where you just go around going.
I tell you what, when your dad played for the Warriors,
they only lost to them eight times, and now it's
up to ninety seven times. I don't think we'll ever
beat them, Brian.

Speaker 18 (01:10:47):
But aren't they aren't they a superb sporting team. And
then they just regenerate very much, player after player after
player they find and they develop. I was watching a
video the other day and I knew about this, but
you know they make the players going it during the day, well,
so they should waits in the morning, work during the day,
train in the evening.

Speaker 2 (01:11:06):
That guy Pappenhausen in the Storm team, what a cool
haircut have you seen him? And just absolutely beautiful and
he just rounded it off beautifully with a mustache. What
a looker.

Speaker 18 (01:11:17):
I mean, if you could grow you'r hair that long,
would you get the chance.

Speaker 2 (01:11:23):
And then just bleach it out of it and get
burn the sides up by the way, sef In Russell
up the top of the hill there, there's been a
house for sale for several years. And it's a big,
beautiful American style house. Do you know the one? I mean,
it's got unrivaled views, about three hundred and sixty degree
views up there. It's got a pool.

Speaker 18 (01:11:42):
I'm looking at I'm looking at the window.

Speaker 2 (01:11:45):
It's got a spa, it's got a flag pole. He
thought about buying it. I've been thinking. I've been thinking
long and hard about buying it. It's been for sale
for several years. They can't shift it. I reckon they're
they're in for a bargain.

Speaker 12 (01:11:58):
Marta Marta winery. You been there?

Speaker 2 (01:12:00):
You have been to a Martin winery? Who hasn't? Are
you at a Martin winery?

Speaker 4 (01:12:04):
Now?

Speaker 2 (01:12:04):
Is that where you picked out? Just waking up?

Speaker 17 (01:12:10):
Thank you?

Speaker 2 (01:12:11):
Excuse me anyway, sorry about this, Jason. We've just completely
lost the plug. You watching the golf by the way.

Speaker 11 (01:12:16):
Yeah, that's exactly what I've been doing while you guys
have been chatting. Actually just watching Rory McElroy and Bryce
and d Chambogo and McElroy had a horror start double
bogie on his came right. Yeah, I think well, I mean,
I hope he wants it, don't want him to win it,
but you want something close down the streets. But yeah,
I love watching the Masters.

Speaker 2 (01:12:35):
Good on you, mate, Hey, listener, take it given where
you are said, another another week off the news for you.

Speaker 18 (01:12:40):
No need to pop into no no, no back it back
in back in a day or two. The off for
the buffet breakfast.

Speaker 2 (01:12:48):
Soon, Michael. You enjoy Jason, Sorry about that, Jason Pine,
Andrew Seville. It's a twenty two the.

Speaker 1 (01:12:56):
Mike Hosking Breakfast with Feeley's Real Estate News Talks.

Speaker 2 (01:13:00):
You're hiring an internal HR first, and that could sit
you back eighty grand a year plus that's before you
factor and recruitment onboarding risks. They don't actually know what
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hr dot works and get started, simple as that.

Speaker 12 (01:13:44):
You got it.

Speaker 2 (01:13:45):
My hr dot works, poscar like I got the day
off to watch the Masters, compelling viewing just hope Rory
hangs on dis chambo battling with desires. See, you're taking
the day off. You realize it's over by about ten thirty,
wouldn't it be ten o'clock will be over? You can
get there by morning.

Speaker 4 (01:14:01):
Tea.

Speaker 2 (01:14:02):
Take a half day, Wait, take a whole day. Mike,
US Congress predicting five trillion dollar budget deficit, a failed
ten year treasury auction, gold at four thousand, plus stock
markets to come off a further thirty forty percent under
normal circumstances, I'd say you're being alarmist, But given what
I've watched over the last week or so, I wouldn't
rule any of that out. Lord knows where the world's

(01:14:24):
going at the moment. The election campaign isn't helping In Australia.
There's a poll out this morning. I get Steve to
crunch the numbers through for you. It's not good for
the coalition, but it didn't stop them in their official launches,
both of them yesterday, literally handing out money they don't have.
They know they don't have it. You know they don't
have it. But nevertheless they still kept promising Steve Price
is next.

Speaker 1 (01:14:45):
The Breakfast Show Kiwi's trust to stay in the know.
The mic Hosking breakfast with the range rovervi LA designed
to intrigue can use.

Speaker 2 (01:14:54):
Togs'd be he gives you an insight to the quality
of the election campaign currently unfolding in Australia. So it
was revealed over the weekend that there's an independent MP
called a leg respender. She was paying social media content
providers to make videos talking about the great thing she's doing. Now,
if that happened you can imagine if that happened here,

(01:15:15):
how it would unfold Meantime, fellow Independent MP Monique Ryan,
she's the woman who won the seat in Melbourne from
a previous treasurer. She was on a program called ABC
Insiders and she was asked about it. Listen to her response, I.

Speaker 4 (01:15:30):
Don't really have an opinion on it.

Speaker 17 (01:15:32):
Really, I think, well.

Speaker 2 (01:15:35):
You don't think voters deserve to know that if someone
they're watching is saying great things about a politician, whether
they're being paid by that politician. I'll goad to go
some thought. It's not something I've given great thought to myself. Obviously,
I haven't.

Speaker 4 (01:15:49):
Engaged in anything like that myself. You'd have to give
that some thought, well.

Speaker 5 (01:15:53):
Uh, I would think that it would be clear.

Speaker 4 (01:15:59):
I don't know. I think it is.

Speaker 1 (01:16:06):
I'd have to give you some thought done international correspondence
with ends an eye insurance, peace of mind for New
Zealand business.

Speaker 17 (01:16:14):
Now Stralia to be price they all that good mote unbelievable,
that is, I mean they are such a bunch of
pain in the net hypocrites, the deals and the reason
Manique grind didn't give the actual honest answer there is
she's probably thinking how quickly can I get someone to
scrub clean my social media accounts because I've been seeing

(01:16:37):
exactly the same thing as a lequispender.

Speaker 2 (01:16:41):
Unreal. Hey, the launch, funnily enough, has been going on
for ages and they only launched yesterday. I once again
ask you the question, when they are literally handing out
money they don't have buy the billion, does anybody anywhere
ask them any questions about it?

Speaker 5 (01:16:57):
Or not?

Speaker 10 (01:16:58):
Well, I should be. I mean, we the taxpayers spent
billions and billions and billions of dollars yesterday a courtesy
of tax relief schemes building more houses. And then you
had Adam Banter Green leader Bob Up and the reason
he's relevant at all Mike of course we talked about
last week, is that he could hold the balance of

(01:17:19):
power if there's a as the Pulse is suggesting, a
Hong Parliament. He came out yesterday and said right, everyone
who goes to university and tithe should go for free
from now on. And his justification for this, which is
going to cost forty five billion with a B dollars
a year, is that Oh well, Anthony Albanezy when he

(01:17:40):
went to university courtesy of GoF Whitlam says, back in
the nineteen seventies they went free. Why shouldn't all our
kids be able to go free? I mean these people
have got no idea. I mean the Greens in particular
that they're sending the country broke. I mean you talk
about Peter Dutton, he's not much better. He's come out yesterday.
This is going to cost ten billion dollars. This is

(01:18:01):
a one off cost of living tax break now, I
mean seriously, so anyone earning between forty one hundred and
four thousand, they're going to be eligible for up to
twelve hundred dollars tax relief one off of their tax
for next year. And it goes all the way up
to one hundred and forty four thousand dollars in the
sliding scale Prime minustrail been Easy came out and said, Okay,

(01:18:22):
I'll spend another ten billion and we'll build one hundred
thousand houses. Problem with that, of course, is we've got
no tradees to build them. And he will let low
income earners buy those houses that are reduced rate. So
that's his ten billion dollar housing scheam. And I mean
this is just the start of it. We know that
in the lead up to yesterday they'd already spent billions

(01:18:44):
and billions and billions of dollars that they don't have.

Speaker 2 (01:18:46):
Unreally, the poll out this morning, it's only a minor movement,
but you can say the Poles have not been kind
to the coalition at all yet, have they?

Speaker 10 (01:18:56):
No, the primary broad continues to slip. It's now down
to lower them it was when they lost the last
election on a two preferred basis. There's still fifty two
forty eight in front, but their primary vote is really
in the toilet. And you know, you can look at
news pilots usually pretty accurate predictor, but I always then
go and look at the bookies, and the bookies have

(01:19:17):
got the Labor government. Labor in minority government is the
red hot favorite with the bookies, and the coalition winning
the election continues to drip away, so there's no money
for the coalition to win in their own right. But
there's still a couple of weeks to go. I thought
Peter Dutton last week had a pretty good week. I
thought he certainly beat Antony Albneasy on the campaign trail

(01:19:38):
last week. And we're now going to have this interruption
as you are. We've got Easter coming up the end
of next week and then Australia at particular quirk, we've
got Antac Day on the Friday following Easter Monday, so
you're really going to have almost ten days of no
campaignings and that's not going to suit Peter.

Speaker 2 (01:19:54):
Dunn't no exactly. Hey, by the way, I got a
text from somebody who just before said they've taken the
day off to watch the golf. Golf freak. Would you
take the day off to watch the golf?

Speaker 10 (01:20:03):
I am going to a golf course as we speak,
sit and watch the Masters golf one hundred percent. You've
got Rory McElroy in front three in front of the
dish into Shampao. I've got about eight nine holes to go.
Jason Day the Australian Golf is seven under. He's in
about times for third place. And I'm listening. I mean

(01:20:25):
I always listened to you, of course, but I'm listening
to Masters Golf Radio in the car.

Speaker 2 (01:20:32):
How do you get that on that on a nap?

Speaker 10 (01:20:35):
Serious?

Speaker 2 (01:20:37):
Oh, I'm do. They have good commentators.

Speaker 10 (01:20:40):
They are fantastic. You mentioned how I mean you're a
world class broadcast. That's how hard it would be to call.

Speaker 2 (01:20:47):
Golf exactly on the radio.

Speaker 10 (01:20:50):
In the hole it's four feet pass.

Speaker 2 (01:20:53):
You know you ever played Augusta? No, how much would
you pay to pay Augusta?

Speaker 10 (01:21:01):
Two thousand dollars around? Maybe?

Speaker 5 (01:21:03):
Right?

Speaker 2 (01:21:04):
Because it looks beautiful, I think.

Speaker 10 (01:21:05):
They asked it's beautiful, absolutely spectacular.

Speaker 2 (01:21:08):
Speaking of which I reckon. I'm a big Beef one fan.
I've been watching pstre with a great deal of interest.
I think he's now a better driver than Lando Norris.
He's coming about.

Speaker 10 (01:21:18):
You're on board with him? Yeah, I think so too.
I mean, he won the Rain Grand Prix overnight. Norris
was third. As we know, he's a world champion. And
I think kid and if he doesn't make a dreadful
mistake and either injure himself or completely totaled a car.
He can win the World Championship this year without any doubt.
He's now quicker than the Stapping, and he's quicker than

(01:21:39):
Hamilton obviously in the Ferrari. So I think he's a
real chance. And look Liam Lawson, he's you know, he'll
get better like Piastre will I mean Daniel Ricardo, don't forget,
was driving and finishing sixteenth seventeenth Land did overnight, So
I'd give the kid a break.

Speaker 2 (01:21:55):
He'll get better, good stuff, all right. We enjoyed the
golf course. I'stee price out of Australia for us this
morning it is cheez its already sixteen away from nine The.

Speaker 1 (01:22:05):
Like Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks.

Speaker 3 (01:22:09):
A B.

Speaker 2 (01:22:11):
Thirteen away from n I'm very glad to read over
the weekend. Somebody else shared my concern last week, and
I asked aloud several times. No one seemed to be
remotely exercised about it. But the business of Trump going
on truth social yes last week and going good time
to buy, and then all of a sudden he makes
the announcement he does, and of course the market goes
through the roof and a lot of people made, a

(01:22:31):
lot of money, went up twenty two percent on the
particular day. Concerned, did we just watch a multi trillion
dollar insider trading scam play out in public before an
audience of millions, And I just cannot, for the life
of me work out why somebody hasn't chased that up
a little bit.

Speaker 17 (01:22:51):
Mike.

Speaker 2 (01:22:52):
When you were watching the Warriors yesterday, where were you
in your wine cycle? It's a very good question. You
obviously weren't listening to the program on Friday. Were you
opening a new bottle or finishing it already opened one?
If it was the latter, did you open another one?
And if it was a new one, did you finish it?
See the thing about I've given up drinking largely apart
from a glass or two on the weekend, and that's

(01:23:13):
me done. So I had the privilege of finishing off
a bottle from the previous week, and so I had
a little bit of the previous bottle, but a little
bit of the new bottle. So I had to answer
you a question. I went from one bottle to another,
which just if you saw it in isolation, you go, man,
that guy drinks a lot of wine. But it wasn't.
It was just some wine left over from the previous
week and some new wine for the new week. And

(01:23:36):
that wine from the new week is now sitting waiting
for me for the next weekend. Fortunately it's a long weekend,
so then some of the rules might need to go
by the wayside. Tory Farner's my favorite story of the week.
Once again, how hard question? How hard can it be
to beat Tory Farnao in a meryal race? Would the
answer be not that hard? Is that why Andrew Little

(01:23:57):
is looking at that game? Jeez on, quids in here?
So this morning in the Post, very nice story comes
out of the information ax. So one of the first
things she did. One of the first things she did
was spend thousands of dollars to get Aucklanders to move
to Wellington. This is back in twenty twenty two, and
ironically I noted the Post story this morning. It played

(01:24:18):
out days before she and her senior council staff met
the California known as the Courtney Place Reading Complex over
a fourteen hundred dollars rate paid dinner. I've been to
some dinners, and to spend fourteen hundred dollars on dinner
these days is quite the dinner. There's a lot of
something going on there. Either it's a lot of wine

(01:24:40):
or a tremendous number of tappers or both. Anyway, they
were trying that failed, of course, so there's spent fourteen
hundred dollars on dinner and the whole thing imploded. Anyway. Anyway,
they were talking about full page ads in the Herald
and they were going to Kiora Tommickey mccarro. That could
have been their first mistake, if you know what I mean.
Understand a few of you may be considering your career

(01:25:02):
options at present. So they were going to run this
campaign to get Aucklanders to move to Wellington and you
would send your interest to work at wellingtononz dot com.
And out of that particular campaign an idea, they got
twelve emails from a population of one point five million people.
Twelve emailed, and obviously no one actually moved. They just emailed.

(01:25:24):
And I don't even know that of those twelve emails,
nine of them didn't say you're an idiot, please don't
run for mair again. But twelve emails. So that's so
I go back to my question, how hard can it
be to victory in an election race? Nine Away from nine.

Speaker 1 (01:25:38):
The Mic Hosking Breakfast with a Vida, Retirement, Communities News Togstead.

Speaker 2 (01:25:43):
B Mike, you don't pay to play, Augusta, Yeah, I
know that. I'm just That's why I asked him how
much you'd pay, because you can't but a couple of
thousand dollars. I thought you'd go high. Personally, what I
didn't mention with Dunton I forgot to is I didn't
realize Australia's got that. Similarly, you know in the EU
they're going to pin karmenufacturers for every car they sell
that doesn't have the right emissions level. So you take

(01:26:05):
your whole of fleet, and so if you're a big
car company, you have a few cars that have some engines,
but most of them they want, you know, just a
minimal amount of emissions and therefore most cars need to
be at least PEV, if not entirely BEV. So they
were going to start pinging in. This is all part
of this ongoing ev debate and whether any of it's
realistic and whether any manufacturer can actually get to the point.
What I didn't realize is Australia was going to implement

(01:26:27):
exactly the same strategy. So in other words, in Australia,
if you're a honder in this and a Keira or whatever,
if you need to buy a certain date, limit your
number of emissions in terms of sales, and Dutton yesterday
as part of his campaign. Insensibly I would have thought said,
that's off, We're canceling it. It will never happen under
my watch, because he'd calculated that a rav to had

(01:26:49):
a rav was going to increase under those laws by
nine thousand, seven hundred dollars, So that particular rule's gone,
not that, according to the policy's going to get to
be Prime minister. So it may not matter five minutes
away from nine.

Speaker 1 (01:27:04):
Trending now with Chemist Wells keeping Kiwi's healthy all year round.

Speaker 2 (01:27:09):
But he's getting a little bit excited this morning because Universal,
which is Taylor's label, have put out news that the
Swedish conductor and producer Eric Arvinder Alvingdonna has been working
on her new album. There isn't a title, It's just
called TES twelve, which is as far as I can
work out as good a name for an album as
any Tes twelve. It's expected out next year, so it's

(01:27:29):
quite a lot of work to go. She's gone quiet,
hasn't she. She obviously completed a tour and Travis went
and you know, did the football, and so they're doing
whatever they do now. Anyway, she's got to re release reputation,
and she's got a re release Taylor Swift as the
Taylor Swifts or Taylor's Versions or whatever that means. General
the albums that she's redoing because of Scooter and all

(01:27:50):
that stuff. I thought she'd done that, but she's still
working on that anyway. The Eric Arvinder, he's recorded over
two and a half thousand songs, which is just shoving
off as far as I can work out a lot
of orchestras in boldeness songs. So he plays on this
from Harry Styles. I mean, this could be anyone, couldn't it.

(01:28:19):
You say it's Harry Styles? Do we know it is?
Where's Harry? I hate that digital looking music, don't you? Anyway?
He also does Arianna Glande, so at least there's Arianna,
and he didn't tell her.

Speaker 5 (01:28:43):
All that.

Speaker 2 (01:28:43):
The background music sounds exactly sounds Harry doesn't. Really it
doesn't change much, does it. Well, he says to Ariana,
tell you, I did this for Harry. It sounds really
good with him. See it sounds easier with you. It
does good. And he also did a Vishi there's a
basual these guy who yeh, it's on network. That's well

(01:29:05):
worth watching. I saw the first ten to fifteen minutes
and I thought that's well worth watching, and then I
haven't got back to it. I'm Tim. I think it's
called I'm Tim, isn't it? Well, my name is Tim
one or the other. I really shouldn't make up a
lot of random stuff. At the end of the pros, Yeah,
I'm Tim. I got it right there, you gay thing
wait for me. Anyway. That is us for the day.
Not bad for a holiday Monday, is it. So we'll

(01:29:26):
try a holiday Tuesday tomorrow from six as always, Happy Days.

Speaker 1 (01:29:31):
For more from the Mic Asking Breakfast, listen live to
news talks that'd be from six am weekdays, or follow
the podcast on iHeartRadio.

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