Full Show Podcast: 14 August 2026

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The newsmakers and the personalities. The big names talk to
make the Mic Hosking breakfast with Defender Trophy, empic Adventure
Greater Purpose News Talk said b.

Speaker 2 (00:10):
Well, you welcome today. Some reports for you and an idea.
The idea is a one dollar yester night fee instead
of a bed tax. The reports are into super Rugby
and the age care sector, both present problems. We got
the head of Netball in on her plan to make
Netbull absurdly successful. Tim and Katie to the wick, Richard
Arlold Murray olds they'll be pretty good as well.

Speaker 3 (00:27):
Pasking Welcome to.

Speaker 2 (00:28):
The day, seven past six. So we have golden based
cement right, We've got New Zealand Steel, both companies in
their own way that make things we need as a
country and would struggle without. One said they would close
because of the ets cost of producing cement here locally.
The others now making steel with its renewable powered electric furnace,
neither paid for their improvements. We did my question to

(00:49):
you this Friday morning. Is this good business? In talking
to Contact who are the power supplier to New Zealand Steel,
they said, oh yes, yes, this is a good business.
It's because of jobs and local manufacturing, local jobs and
better climate. They also supply that electricity for the furnace,
so why wouldn't they say yes? So what price the climate?

Speaker 4 (01:06):
Ah?

Speaker 2 (01:06):
The odd bit about the cement is important. Cement, as
I'm sure you're well aware by now, it doesn't attract
the same ETS cost as the local sort. That seemed
and seems odd. Doesn't seem like a level playing field
to me. You might remember I asked the Prime Minister
at the time about that. Why don't we just carve
out the product from the ets we carve out farmers.
The pmcaid we didn't want to mess with the ETS,
despite the fact, of course we've messed with the ETS.

(01:28):
When I asked the bloke at the steel factory whether
they would have paid for the furnace themselves, it wasn't
very keen to be overly clear on that one. So
I still don't know. Why would you pay? Think about it?
Why would you pay if you can get someone else
to pay? In this case, it was one hundred and
forty million dollars from the previous labor government. The steel,
by the way, reduces this country's over all the missions
by one percent? Is that worth?

Speaker 5 (01:47):
It?

Speaker 6 (01:47):
Is?

Speaker 2 (01:47):
Any of this worth it? So you got two stories,
two companies, and two hundred million dollars of taxpayers money
to allegedly address two pressing climate problems. Mind you, they
did exactly the same thing yesterday in New South Wales.
It was Minium operation. They tossed two and a half
billion dollars at it to save a thousand jobs. So
clearly this is some sort of new age thing. What's
the return on that for any of us? What materially

(02:10):
changes apart from the concept, and that's all it is
the concept that we produce cleaner products, which of course
I suppose is a good thing, But it would also
be a cleaner environment if the government brought me an
ev or paid for my solar. But they're not doing that,
are they. If business in the cement case becomes untenable,
is the climate worth it? Or if business would like
to as in the steel case, but won't, why should we?

(02:34):
And is it now the taxpayer's job and obligation to
clean up every business that just basically wants it? And
how is that good business?

Speaker 7 (02:41):
Why? News of the world in ninety seconds.

Speaker 2 (02:45):
Now we find our old mate Vladomy on a shopping
trip this morning those patriots are in short supply.

Speaker 8 (02:50):
This year we have two and a half times less
interceptus than we had in twenty twenty five. Russia has
two times more mollistic missiles.

Speaker 2 (03:03):
One of the more forgotten issues globally is, of course,
the bowl around right.

Speaker 9 (03:07):
Number of reported deaths has doubled over the past twenty days,
with an average of about fifty deaths recorded each day.
The World Health Organization reports that between sixty and seventy
percent of a bowler related deaths occur in communities, with
many patients reaching health facilities too late.

Speaker 2 (03:22):
And then Britain. What going on in Britain? I mean, Obbs,
it's hot.

Speaker 10 (03:26):
In terms of the number of days in which we've
exceeded heat way threshold temperaters that's actually approaching forty eight.
Today will be forty nine, and then tomorrow could well
be fifty. So as a record breaking year, we're already
talking about the hottest year, hot summer, rather on records.

Speaker 2 (03:41):
So hot nurses are falling over.

Speaker 11 (03:43):
They are also finding it extremely difficult to look after
people in facilities that have very little ventilation, windows that
don't open, air conditioning units that are broken and don't work.

Speaker 2 (03:55):
Lucky I paused there because I could have said so
hot nurses are falling over, which would be different. The
Health Secretary says, this will not do.

Speaker 12 (04:03):
We've seen record numbers of people coming to A and
E in July, so that's why we're also putting six
point seven billion pounds into the capital improvements that repairs
and that includes new cooling systems across our NHS.

Speaker 2 (04:18):
And for the youngins. It has been a levels day.

Speaker 10 (04:20):
I got a triple distinction start, which is what I
was hoping for, so I'm.

Speaker 13 (04:24):
Very proud of that.

Speaker 14 (04:25):
I did a tea level in design and development engineering.

Speaker 7 (04:29):
It was mostly on the computer Earth, so I've.

Speaker 11 (04:32):
Done better than I expected.

Speaker 9 (04:33):
I thought I was just going to pass, but I've
got through merits.

Speaker 2 (04:39):
So nothing to worry about with the next generation at all.
Is there finally a new number one of the airport
for passenger numbers. This is in Shawn. It's handled thirty
eight point four million in the first half of the
year BT throughout thirty seven seven and change at thirty
four to five. Middle East diversions out of Dubai and
Doha probably helped their little bit. So that as news
of the world and new lendings in ninety aspeking about

(04:59):
weather and British once again, just reiteration. We told you
some of the sales figures the other day, but officially
overnight the economy between April and June grew zero point
four percent, basically at sports fixtures in the summer sun.
The growth quote unquote remained relatively robust, so the hot
weather's not all bad. Twelve past six.

Speaker 1 (05:18):
The Mike Asking Breakfast Full Show podcast on Ahard Radio
powered by News talks Eppy.

Speaker 2 (05:26):
Elly, who's done well with the northern summer Birkenstock. They've
raised their forecast up fifteen percent this morning. Third quarter
revenue was up thirteen percent. Close toe demand. You don't
hear that often, do you? Closed toe demand, The non
Boston closed toe styles are up over fifty percent in
the Asia Pacific region. Absolutely loving the rude shares fifteen now,

(05:47):
I'm sure in partners Andrews Gallahoa.

Speaker 15 (05:48):
Good morning, Yeah, very good body.

Speaker 2 (05:50):
I always love these survey of expectations. Thing gives us
a good vibe and I like that number round inflation.

Speaker 15 (05:55):
Yeah, inflation expectations.

Speaker 14 (05:57):
It seems like rather a dull and fairly but data
series doesn't it, yeah, but yeah, the inflation expectations, there's rivity.
We can talk about that tonight, but it does beli
its importance for the RBNZ because it's fairly crucially in
the assessment of where they're going to set monetary policy.
It's one of the more important inputs and it seems
quite simplistic, but where you think inflation is going to

(06:19):
go is really important in the process of wage and
price setting. So yesterday the Reserve Bank released their latest
Survey of Expectation. So it's a survey their carryout goes
to economists and forecasters and industry leaders, fairly small survey
about the expectations of the future of the local economy.

Speaker 15 (06:38):
Key part is where respondents think inflation is going to be.

Speaker 14 (06:42):
Expectations for one year ahead CPI inflation decreased, Yes, decreased
by eighty one basis points, so quite a big material
move from three point four to one to two point six.
Remember that inflation is currently sitting around four percent. Probably
more important for the Central Bank is the.

Speaker 15 (06:59):
Two year ahead number.

Speaker 14 (07:01):
It also fell not quite as much nineteen basis points
from two point five to three to two point three.
Four Respondents are asked a bunch of other questions as well.
Where do they think the ocr will be at the
end of the September quarter, They said two points seventy three,
so there's another twenty five basis points on the current
two point.

Speaker 15 (07:19):
Five percent OCS.

Speaker 14 (07:21):
The next meeting is second of September, so everyone thinks
they're gonna wack another twenty five basis points there. Unemployment
rate is expected to be at five and a quarter
percent in a year's time. Small increase in expectations for
wage price inflation, but there's no real sign here at
all MIC of inflation expectations becoming unanchored. So you know,

(07:42):
you've seen oil prices go up, You've seen that high
print on CPI inflation, but hasn't pushed up people's expectations
of inflation. So I think the RBN said will be
maybe they won't be cheered. I don't know whe the
RBN said ever gets cheered, but they I think they
would be really happy with that.

Speaker 2 (07:57):
Couldn't be done. And then now talk to me about housing,
because that's it's sort of flat as a pancake, isn't it.

Speaker 14 (08:03):
Well it is, so we've got more grist to the
mill for housing market prognostications. This is the ariion Zer
data for July. It's one of the more key property
market reports and it shows what we probably expected a
moribund property market. The house price indicx I like their
one because it removes the volatility and the composition of data.

(08:23):
Flat for the month, down zero point four percent year
on year. Big move though in turnover. Turnover was down
ten percent for the month of July compared to July
twenty twenty five.

Speaker 15 (08:33):
Inventory levels they're up nine point three percent year on year.

Speaker 14 (08:37):
The days to sell, now this is sort of getting
this is starting to get out there. Days to sell
lifted two days to fifty days, so the pace of
activity is slowing. They do make the point though that
the sales result looking at sales, it's sort of in
the middle of the range when compared to the sort
of thirty five years of data, so it's nothing, nothing
out of the ordinary, but that days to sell is
very much at the lower end of the range.

Speaker 15 (08:59):
Now, do bang on.

Speaker 14 (09:01):
About this all the time, mate, but there's still a
big difference between what's happening in the South Island versus
what's happening in the North Island. You look at someone
like a Targo, their house price index is at an
all time high, and then you look at poor old
Auckland and Wellington and it's significantly lower than where the
peak prices were. I guess the question I have Mike, is,

(09:21):
you know, is the market just bumping along or is
it just in the last quarter getting just a little
bit worse. I'm not sure if we can tell that.
It's a little bit too early to tell, but there's
just a little hint that maybe there's a little bit
of capitulation going on.

Speaker 15 (09:35):
We'll just have to wait and see on that.

Speaker 2 (09:37):
I think there's a lot of people who if you
don't have to, you're not is the thing. And I
was talking to an agent yesterday who said, and she's
been around a long time, she said, quiet as winter
she's seen I think probably ever now. By the way,
we've got a couple of reports this morning. One is
on the Super Rugby and the Super Rugby. None of
those Super Rugby franchises are making any money without New
Zealand's union involvement, and yet you look at the Melbourne

(09:57):
store mate, how do we explain this exactly?

Speaker 14 (10:00):
So there was just one article yesterday as far as
I can see, there's only one source for this information,
but looks like something could be going on at the
Melbourne Storm. The AFR reported that there's a European sort
of private equity firm sort of trying to hatch a
takeover bid for the Melbourne Storm. Now there's a key
we involved there too, one of the owners, a guy
called Bart Campbell. But I think what catches the eye

(10:22):
on this is the number that's being quoted. AFI was
quoting a value of between one hundred and fifty and
two hundred million Australian. Does I mean, I know it
pales in comparison compared to what the NBA franchises and
epls with. It's a pretty big number, and I just
suppose it just makes you wonder what some of the
other franchise is worth, and maybe one close to hung well.

Speaker 2 (10:42):
One hundred percent exactly when we win the minor premiership
and then this of course becomes our year, then you
guys are the limit Andrew, what are the numbers?

Speaker 14 (10:51):
Well, the sky's well, the skuy's the limits on the
dow Jones. But it's up one point fifty three, seven
hundred and seventy two. The s and p FI one
hundred dollars up point five seven percent forty four points
seven seven nine two, and the Nasdaq is up one
hundred and ninety points just under three cores.

Speaker 15 (11:08):
Percent twenty six thousand, seven eight O.

Speaker 14 (11:11):
The Forts one hundred lost sixty points over nine ten thousand,
seven seven two the mark there. The NICK was up
over one percent six eight three O eight, the Shanghai
Composet down half a percent thirty nine twenty six, the
OSSI's lost point two three percent, Yes day nine one
eight eight and the Insects fifty up eighty seven points
thirteen thousand, eight hundred and twenty five.

Speaker 15 (11:29):
One kiwi dollar.

Speaker 14 (11:31):
That's going to get your point five eight four to
seven US on the wholesale markets point eight to eighty
five against OSSI point five h seven one euro point
four to three to three seven against the quid ninety
three point twenty seven Japanese yen gold four thousand, three
hundred and fifty nine dollars and a small relief on
Brent curb very small eighty seven dollars and seventy cents.

Speaker 2 (11:50):
Appreciate your expertise as almost sure and Partners. Andrew Kellerherre
not talking about sports teams. The Monterey Auctions are on
this weekend. Over the next couple of days, they think
it's going to break records. They think they're going to
have a five hundred million dollar a week. There's a
whole new generation of millennials and Gen z's who are
taking over from the Baby boomers and flash cars, the forties,

(12:11):
the f fifties, the Enzos, the Begatties, the Kounigzigs, the
paganis there. They're all hot to trot at the moment.
So the record is four seventy one million that was
set in twenty twenty two. They think they're going to
blow through. That most expensive car up over the next
couple of days is a ninety six month Claren F
one gtr that'll go for thirty five million ish. This
is US money. There's a twenty three Ferrari Daytona SP

(12:33):
three they reckon that'll get about ten million sex twenty two.
Here at News Talk zied b.

Speaker 1 (12:40):
Good the Mike Asking Breakfast Full Show podcast on iHeartRadio
powered by the News Talks at B.

Speaker 2 (12:48):
If we get a chance today, it was very nice.
Piece was a touching moment. David Cohen who's a journalist
of long standing, turns up in the Herald this morning
under the headline provocative UK journo Rod Little's death remind
me what New Zealand's political discourse lacks. And he Metance
met some time with all right, old mate Rod. And
so if you if you miss Rod like I do,

(13:08):
it's a it's a read will Worth embarking on six
twenty five trending.

Speaker 7 (13:13):
Now, Chemist were the home of big brand vitamins.

Speaker 2 (13:17):
Now the trouble within eclipse is no matter how many
there are and how much they hyped up, the warnings
are inevitably ignored by too many people. So the beauty
of social media, though, we all get to find out
how many idiots there are out.

Speaker 16 (13:27):
I saw the sun glaring through the window, so that
let me take a quick peek, thinking I'd be fine,
And now my head's hurting and my vision's blurry.

Speaker 5 (13:35):
Genuinely I feel a bit dizzy.

Speaker 15 (13:36):
I thought it was a myth.

Speaker 17 (13:37):
I thought I can try hack it, look at the
song of out the glasses and be brave. But I'm
not going to allow as that accident. I opened my window.
I looked up my window for one second. I the
corner my eyes, saying, how can you go from looking
at the sun? Dost I look at this an every
single day.

Speaker 15 (13:51):
I decided to stand it because everyone was like, no,
dam you'll go blind.

Speaker 17 (13:55):
So I stayed at a lot of bit I've been
seeing spots or of three like I'm blind.

Speaker 2 (14:02):
So add those people to the ones that were waiting
for their triple distinguished star and the A levels and
you can see where the problem is, can't you. So
the number of Google searches for the term eyes hurt
is up five thousand percent, while searching for eye damage
is up seven hundred percent. A couple of things out
of Japan one. I don't know if you're interested. I am.
I've become increasingly interested. You know the intervention in the

(14:24):
end the other day between the Japanese and the Americans.
It hasn't worked, So that you say the question is then,
well what happens now? Then putin overnight visited the Kural Islands.
There are a bunch of them and their disputed between
Russia and Japan and Takeichi's gone off peace going. It's
worse than Japanese. They do did Russians in Japanese, both

(14:45):
claiming the Island, so it's you know, that might build
into something diplomatic over the weekend. We come back to
our golden visa in a couple of moments and more insight.
We're going to talk to the head of invest News ITALD.
They're making some changes around how we're handling the visa.
The visa seems to be a smash hit, so we'll
get some inside detail on that just a couple of
moments after the news, which is next us talk seed B.

Speaker 1 (15:15):
In a noisy world here yourself think it's the mic
Hosking breakfast with Bailey's real estate one hundred percent key
we owned and operated us togs Dead.

Speaker 2 (15:24):
B Like, what about the Roosters? Beenworth result last night?
Great result for the Wars. Indeed, I don't follow all
the other teams, but that was significant. The Yo guy's gone.
I thought Cleary was a big deal, but Yo, apparently
he's a big deal and he's not coming back. And
so the Panthers are collapsing right in front of our eyes.
And by the time we win this weekend, of course,
we'll be just two points behind and minor premiership's ours
and this is our year and it's all We'll going

(15:45):
to mean, how good is this? Hey, twenty three minutes
away from seven looks increasingly like our Golden visa is
a hit internationally. The rules got changed, of course, last April.
Since then, four point eight four five billion has either
been committed or added to the investment pipeline. We've got
more than seven hundred application in is it invest as also,
as we've told you, refined its obseas road shows a
forum ral targeted approach.

Speaker 6 (16:06):
Now.

Speaker 2 (16:06):
Robert wall is the chief executive at invest New Zealand
and as well, there's Robert Morning. Mike Todd McClay spoke
very well of you the other day, a lot of
international experience. You're a good bloke and doing a good job.
Would that be your assessment of yourself?

Speaker 18 (16:20):
I look, it's a privilege to be leading a really
expert team and to work along a fantastic board. I
came back to New Zealand and joined in February and
I'm pleased to say we're well underway.

Speaker 2 (16:28):
What are you seeing by way of what's happening? Is
it better than your thought or about the same.

Speaker 18 (16:34):
I think that we're the very clear opportunity to significantly
increase investment in New Zealand to the benefit of KIWIS.
It's a really good opportunity as we look across our
sectors that we focus on where there's really interesting projects
and those align with what we're seeing in international markets.
And so yes, I'm positive for the opportunity.

Speaker 2 (16:55):
So the realignment of what you're doing out there in
the field, what's brought that about and is it too
early to ask whether it's paying dividends?

Speaker 18 (17:04):
This is absolutely a long term project. We've aligned with
the belief that it's our job to go out and
understand what international investors want to invest in, and then
to bring that information back and act to make projects happen.
I'm pleased to say that the teams in the last
year to love at thirty two projects which we'll see

(17:25):
just over two and three quarter billion dollars invested, from
electricity generation to medical tech and from Ashburten to Kaitaia.
As I say, well underway.

Speaker 2 (17:33):
So in following this the way I have, there have
been questions raised around you're out there on the field
and you're spreaking the same old stuff to the same
old sort of people, and the people at home going well,
hold on, I've got this and that's over there and
we could be selling this. Do you take that on board?
Is that a real argument or not.

Speaker 18 (17:51):
I think it's important to separate the piece around the
AIP scheme and our overall purpose of increasing investment. We
work right across energy, infrastructure, digital manufacturing technologies, and we
work to develop industries as well as new projects. And
we work on projects that are well inunder way, including
the ARP scheme. So I think there's a real breadth

(18:14):
to what we're doing and that's important to note. But yes,
it is a long term project. I don't believe that
we're continued to focus in the same areas but rather
looking very broadly.

Speaker 2 (18:24):
Right, and the people who've got the money, are they
interested in what you've got to say? Or they go, look,
i'll give you a five million or ten million, and
we'll park it up in something nice and safe and
we'll see you later. You know, do you have to
twist their arm?

Speaker 18 (18:38):
Look, the AIP program is simply about getting investment into
growing New Zealand businesses to the benefit of kiwis. We
do see that happening already, from bioimaging companies to orchid
management businesses, and our focus is on getting the best
out of those applicants because they bring significant capital and expertise.

Speaker 2 (18:56):
And the load. So we're sorry, carry.

Speaker 18 (18:58):
On, So we work with them. We work to make
sure that their investments are going into productive parts of
New Zealand.

Speaker 2 (19:06):
Do they fall in love with New Zealand? So it's
beyond the money and they dip their toe and then
they go, you know what, this is better than I
thought and there's more where that came from. Are you
seeing that yet or not?

Speaker 18 (19:17):
What we're seeing is individuals applying. These are ultimately people,
and it's very hard to draw general observations. Very many
of them have a direct connection with New Zealand. They've honeymooned,
they've invested. The reputation of New Zealand is very strong,
and they're attracted to come here and become future keyweks.

Speaker 2 (19:36):
Fantastic. Good to get the insight, Robitt, you have a
good week in Robert Wall who's the chief executive of
invest New Zealand. I'll give you the Clacton's voting as
we speak. This is farage, of course, I give you
the deats in a moment.

Speaker 1 (19:45):
Nineteen two, The Mic Asking Breakfast Full Show podcast on iHeartRadio,
poward by News Talks EPI A.

Speaker 2 (19:54):
New Zealand keep Me Fruit one of this country's great
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(20:16):
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Co dot NZ for fun three noted down Origin Capital
Partners dot Co dot m z pasking Clacton. Polls close
at nine this morning, New Zealand time. Obviously for our

(21:00):
you'll win. The question is by how much. Thirty four
candidates ballot papers almost a meter long. The first ones
will be coming into the counting booth at about ten
minutes after the polls closed, the last ones by half
past nine this morning. Seventy nine thousand and seven one
hundred and eighty five people are registered. This ten thousand,
seven hundred and sixteen have already voted by the post.
Last time it was four in the morning their time,

(21:22):
so three this afternoon before we got a result. They
reckon because of the size of it and the complexity,
it'll be tonight, usee it on time, in other words,
between five and seven tomorrow morning. So despite the fact
it's simple, despite the fact we know who's going to win,
democracy moves slowly.

Speaker 16 (21:38):
Six forty five International correspondence with endsit Eye Insurance Peace
of Mind for New Zealand Business America.

Speaker 2 (21:45):
Richard Dale mooy to you, good morning man, what's happened
with MANGIONI? Why's he going to plead guilty?

Speaker 5 (21:49):
Well, this is a bit of a legal gamble. Mancioni,
of course, the twenty eight year old who is charged
over the assassination of healthcare executive Brian Thompson. Bacon twenty
twenty four that Mangioni became something of a tabloid sensation
after the murder. Some rally in his support, claiming the
health system is evil and corrupt, and praising Manngioni's youthful

(22:10):
good looks. Some even call themselves Mangionistics. It was a
strange time. Now it's all coming before the courts, with
Mangioni facing both federal and state charges here over the killing.
But tomorrow, less than one month before that federal trial
is supposed to begin, where Mangioni is charged with stalking
the CEO, his lawyer is suggesting that Mangioni could seek

(22:30):
a plea deal. We won't know a lesson until it happens, obviously,
but it seems that the Feds are interested. Some suggest
that if this happens, it would likely bring a guilty
plea to murder. But instead of the government giving a
sentencing recommendation, Mangioni's fate then would be left up to
the judge. This would allow Mangioni's team to present mitigating
arguments that might not be raised in a formal federal trial.

(22:53):
He could say he was emotionally disturbed by the corruption
of the health care business and his feelings about corporate greed.
What a judge would make of that? Who knows. That's
why HiT's a gamble. Another part of this is that
Mangioni's team is claiming that if he takes a plea
in the federal case, he would then be immune from
state chargers, which is still hanging out there because of
double jeopardy. You can't be charged twice for the same crime. Again,

(23:15):
that's for judge who decide, but that is what was
held in the Paul Manifort case going back a few
years when Trump's one time campaign boss was facing fraud counts,
had made this double jeopardy claim successfully before he was
ultimately pardoned by President Trump. So Luigi Mangioni now rolling
the legal dice.

Speaker 18 (23:33):
Yah.

Speaker 2 (23:33):
Interesting, So tell us about the Abraham Lincoln How bad?

Speaker 5 (23:36):
Yeah, doesn't look like a lot of fun over there.
Disturbing reports of pretty bad conditions on board the US
aircraft carrier, the USS Abraham Lincoln, which is on duty
for the Iran War. Of course, near the Gulf of Ammam.
Those on the carrier haven't had their feeds on the
ground on Terra Firma this year. They have set a
new record for consecutive days at sea since they haven't

(23:56):
made a port call in over two hundred days. CNN
they're reporting that oncealer went overboard recently and was rescued.
Not clear whether he was returned to duty or was
evacuated from the ship. The Navy Times and The Stars
and Stripes are reporting that there have been a number
of attempts by crew members to jump overboard. More than
two hundred family members of sailors and others serving on

(24:16):
the carrier have raised concerns with the Navy Secretary of late.
Here's some of what they're saying. They say there's been
a shortage of basic supplies. When it comes to fresh food. Ah,
they say the supply lines are so long they don't
really have fruit and so on. They do get some
frozen meat, but one sailor says, quote, sometimes he gets
here rotten. Another sent his family a picture of cereal,
just the dry cereal, no milk. Haven't had milk in

(24:38):
three months, says this sailor. A Democrat Mike Levin, says
families have described to him moldy showers, broken toilets, great
and no hot water for weeks, and meals that came
down to half a cup of rice and two tortillas.
They also described disruptions in the mail system, which have
caused many care packages on roots of the ship being
lost in transit for months. They say deck safety conditions

(24:59):
are a worry for some of the five thousand plus
people on board, and they cite worsening mental health. Some
sailors speak with the CNN reporter who made a brief
visit recently. They said things like this, ready.

Speaker 9 (25:11):
To go home. I wish I could tell you it's
a blast, but it's pretty repetitive work.

Speaker 2 (25:16):
So it's hard.

Speaker 15 (25:17):
You know, it's harder in your mets estate.

Speaker 5 (25:19):
U had to see you for eight months without being
Andrea Land, another sailor, says of the situation, they're saying,
family wise.

Speaker 15 (25:27):
That's tough.

Speaker 19 (25:28):
Is Am I first cared born in February, very excited
to get home meet her.

Speaker 5 (25:32):
First child, never met her Defense Secretary Headshas who has
been promoting testosterone shots for troops with low t says
all the concerns are quite completely misrepresented. Another carrier of
the USS, George Washington, is supposed to be on route
to replace the Lincoln. No time table for that has
been announced. Meanwhile, Trump, who's bombing campaign and threwst to
destroy the entire Iranian civilization, have not brought hardline regimers

(25:55):
to their knees now, has ordered his Treasury Secretary Scott
Besson to further tightened the economics crews on a run.
They already have meat prices there at a triple, fuel
that is rationed, and inflation at historic highs. Besant is
looking to target Iran's shadow tanker fleet and to sanctioned
countries buying Iranian crude as oil producers elsewhere are moving
to transport more oil through underground pipelines in a process

(26:18):
undermining the straight of hor Moo's oil channel, the process
that they say could show some benefits within two years.

Speaker 2 (26:24):
Oh good, you have a good weekend, Richard Arnold stateside Yea,
Saudi Arabia yesterday, saying more and more of their stuff
is going through that pipeline and Egypt's getting involved and
that in the world is sort of moving on from
the Strait. By the way, just before we leave America,
they're deficit for July. This is the amount of money
they didn't have, so they're going to have to borrow
just for July was four hundred and thirty two point

(26:45):
three billion dollars ten to seven.

Speaker 1 (26:49):
The Mic Hosking Breakfast with Defender Trophy News Talks.

Speaker 7 (26:53):
There'd be I should tell you.

Speaker 2 (26:55):
With Carolyn Levitt leaving the White house's a bit of
buzz as to who's going to be the next off
the ranker. Lena Hubber, who was his Trump's personal lawyer
for a period of time. She's a rock wheeler. She
was prominent in his hush money trial in New York
a couple of years ago. She seems to be one
of the top right. Katie Miller, who's a podcast these days,
but she's married to Stephen Miller. Stephen was left on

(27:17):
the Air Force one playing along with Rubio the other
day while Trump and hig Seth hopped off on the
catering truck. Anna Kelly, if you know the name deputy
Press secretary, she'd want the job. I'm assuming being a
deputy there's a woman called Sage Steele, former sportscaster, prominent
conservative media figure. Stephen Chung, he's the communications director currently.

(27:39):
I don't want to be mean to Stephen, but look
at a photo op him. He is an unusual looking fellow.
Tricia McLaughlin. I don't know her name, but she worked
for Homeland Security in This guy called Scott Jennings, I
actually rate him because he've been on the program, not
because he's been on the program. I rate him, but
he's been on the program, but he turns up. He's
the conservative voice on CNN, and he's been was with
Mitch McConnell, and I think he goes back to Bush

(28:01):
as well, So I'd personally hire him. But then again,
I'm not as mad as Trump as five minutes away
from seven.

Speaker 7 (28:07):
It's trending for the ins and the ouse. It's the
fizz on the Mike Hosking Crakfest.

Speaker 2 (28:15):
Now things are panning out nicely in the cost of
living games and the role that inflation plays in it.
So this morning, I've got for you the grocery supplier
cost index. We've got an average increase of one point
nine one point nine percent for July. So that is
what they call a the sweet spot, the slowest annual
increase since February of last year. Now, fuels played a
part in that, of course, it drops off, and it

(28:36):
drops off in the costings of a number of the
old farm to supermarket processes. So the war has not
hit also a lot of products that we thought it might.
Now this is the Singapore story I told you about
a couple of days ago. They were saying the same thing.
They said, look all of the fear around the war.
It's not good. No one wants it, obviously, but it's
not been as bad as we feared. So seafood butchery

(28:57):
costs continue to lead the way month on month. Salmon.
See Katie, I told you this the other day. I
just still can't get over it. She brought a chunk
of salmon home. She paid eighty two dollars akilo. I
mean eighty two dollars akilo for salmon. It's like next
you mighty as well buy a spoonful of platinum and
cock it. Beef, lamb and pork is up, onions, cucumbers, fruits,
they're up as well, not as badly as they might

(29:17):
have been, because that's the fuel thing. Because you've got
the market. Gardeners. First thing you do as you pull
your radar shouts thrade on a truck drive to the supermarket.
So that's cheaper than everything's cheaper. Laundry products and soaps
are up noticeably. Would that be the golf that's sort
of that sort of material strikes me as coming through
the Gulf. Ready made meals, well they're up. I mean,
don't buy a really way, you're buying a ready made meal,

(29:38):
make it yourself. In total, thirty six hundred products went
up in price. Now is that good? Yes, it actually
is because last month it was sixty five hundred, So
it's gone from sixty five hundred down to thirty six hundred,
so it's plummeted. And the thirty six hundred is about
the long term average. So in other words, what I'm
telling you is we're getting back to normal. So stop
complaining about how the food. So, yes, it's expensive, but

(30:01):
it's not as bad as it could be. There we
come up with ax idea, which is a dollar a
night per guest instead of a bed tax. Now I
don't understand that either. Why isn't a dollar a night
per guest are bed tax? Anyway, I will look through
that and then we're going to talk to the new
head of Netball New Zealand who started her new job
on Wednesday.

Speaker 1 (30:22):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks ad B Credible, compelling, the breakfast show
you can't bess. It's the Mic Hosking Breakfast with a Vita, Retirement, Communities,
Life Your Way, News Talks.

Speaker 2 (30:39):
Head Ball seven past seven is a new idea around
the broad bed tax sort of theme act once a
one dollar local tourism dibdend for every guest night that
would be paid directly to councils from existing government revenue.
To give you some sort of sense, it'll be about
forty million dollars a year. Auckland gets a bit over eight,
Queenstown five, Rotarua two. James Doolan is the strategic director
of the Hotel Councilors with Us Sames, Morning Morning, Mike.

(31:02):
I can't work out what it's just money. So someone
turns up in a hotel room and pace it doesn't
matter what you call it or how you do it,
does it well.

Speaker 19 (31:10):
So acts doing something a little bit different. They're not
creating a new tax. And they're the no new taxes party,
so you'd expect that. But they're the first party to
acknowledge the fundamental problem. We have a huge amount of
tax is collected from tourists, but not a lot of
it goes back, or not enough of it goes back
to the local communities that host the tourists. So actor

(31:30):
saying they're not going to create a new one dollar charge,
they're just going to share out some of the central
government tax. So I welcome the idea, the acknowledgment that
we have a problem. They're the first major political party
to acknowledge the problem. But then we've got to start
talking about quantum and mechanism.

Speaker 2 (31:48):
Well, so this basically is the old rights gust argument, isn't.

Speaker 19 (31:51):
It well correct? And so you know, talking about mechanism,
they proposed one dollar per pervers tonight perin night. I
mean a simpler mechanism would be to talk about percentages,
wouldn't it.

Speaker 2 (32:04):
Yeah? Exactly. Now, I tell you what this sounds like.
It sounds like devolution. Andy Boonham, left wing labor PM
in Britainy you're devolving the central government away to the regions.

Speaker 18 (32:14):
How I.

Speaker 19 (32:16):
Look, I don't agree with you fully on that because
around the world, different regions within countries compete for tourism
because they have their own sales taxes, so they get
the benefit of tourism. You know, American cities with their
own sales taxes, they get the benefit of tourism. And
that's why tourism and sports and everything in America is fantastic.

(32:36):
So we've got one simple, simple GST. But government's collecting
five billion, five thousand million in tourism GST every single year.
And as you've just seen, the ACT Party has suggested
that the local governments get about forty million, or less
than one cent in every dollar of tourism taxes. So

(32:58):
the problem is not a left wing devil thing. What
it is is we need to approach this problem, and
I applaud ACT for approaching it. How do we share
the massive amount of tourism tax with the people who
actually host the tourists?

Speaker 2 (33:13):
Okay, so ensharing it? Would you do? I see, I
can see why Auckland gets a bit and Queenstone gets
a bit. But you'd need to do it in other areas,
wouldn't you? Otherwise it would people would claim it's unfair.

Speaker 19 (33:24):
Of course, you've got to do it everywhere nationally with
a formula that doesn't change and isn't at risk of
being changed by politicians from time to time. And forty
million dollars for the entire country I mean Wayne Brown
and Hotel Council. We agree that the number for Auckland
alone should be about forty million. So there's some again

(33:46):
good stuff from ACT. They've acknowledged the problem. But already
we have five billion dollars of GST, we have two
hundred and thirty million collected at the border, two hundred
and thirty million at IVF and we need ACT to
tell us whether that money is also going to deal
with visitor pressure, which is what it was originally designed

(34:07):
to do.

Speaker 2 (34:08):
Good time, you have a good weekend, Jooness appreciate it
very much, and of course National appear to be on
board at looking at some sort of arrangement post the election.
James Dillon, who's the strategic director at the Hotel Council,
just coming up eleven past seven, tasking where's take. I've
had a look at our aged care sector. They report
the funding gap is widening, probably no surprise, short fall
of six hundred and fifty million last year, which is

(34:28):
up from one twenty fourteen. Paul Clark is the Westpac
New Zealand Industry Economists with US. Paul, Morning to you,
Morning morning. So important to talk about aged care versus
a lifestyle retirement village.

Speaker 4 (34:43):
Right, that's right, they are basically separate, although you do act.
The report talks about two types of business models. One
of those of standalone and the other one is basically
a combination of of h care facility with a retirement

(35:04):
village attached.

Speaker 2 (35:05):
I think do you argue that that model is a
good model. We're a better model.

Speaker 4 (35:10):
Well, basically, I mean they tend to make more money
and they tend to be more profitable. And you know,
the report goes into quite a bit of detail in
terms of comparing the two, and it does seem on
the face of it that that kind of model is
it tends to be more favorable.

Speaker 2 (35:30):
Yeah, does this take nothing away from your report? This
is just another health funding story, isn't it. I mean, yes,
the government will say, oh, we're putting more and more
money into but they're just not keeeping up and therefore
the gap widens. It's that simple, isn't it.

Speaker 4 (35:43):
Well, I think you know your funding Basically it comes
into a number of different sources, one of which is
the residents themselves. So it's certainly true that government is
involved in that. The residents are involved in that, and
it has increased, and the amount of funding available is
basically increase, faster and information. It's just also costs have
increased as well, and the big cost out of courses

(36:05):
later remember correctly it was something around seventy percent of
total operating costs. So and you need those people because
when we talk about labor, it's really nurses and you
need those people because they are highly specialized in what
they do. And increasingly, as older people move into those
retirement and retirement does H care facilities, they need more

(36:28):
and more high acurity care and that requires better and
better labor.

Speaker 2 (36:32):
Exactly, we're living longer and I don't think that well,
it's not like we haven't got the red flag here.
I appreciate you with Paul. Paul Clark, who is the
Westpac New Zealand industry economist with us this morning thirteen
minutes past seven. Scale tales indicate McNamara's excellent piece in
The Herald yesterday. Three hundred million dollars the first time
we've known the numbers and the figures. It's an official
information thing, but three hundred million dollars over six years

(36:52):
for private hospital contracts. This is, in other words, when
the public system can't cope with you, they buy the
services from the private sector. I've never had any problem
with it. The government argued quite rightly that you know,
when you go get your knee done, you don't care
where it gets done, as long as it gets done.
And if you can do it in a private facility
because the public doesn't work, that's fine. Other people argue, well,

(37:13):
you know it's not the public, and you know, to
be fair, the public does do some training in these
areas that you don't get in the private sector. I
get that part, but at the end of the day,
you either want the operations done or you don't. Morning, Mike,
this thing with Nationals shown me that Luckson's got a
bit of fight, especially being the second time he's gone
up in the in the Chris Pole, which is encouraging
to hear a lot of you texting me so far

(37:33):
this morning. You turned out you seem to be at
the Nelson meeting last night. Went saw Luxeon and Nelson
last night. Great turnout. He was so good in person
to listen to, Mike. Did you see the standing oh
that Chris Luckxon received a packed meeting in Nelson last night. No,
I didn't, but that'll be a nice little phillip for
what has been a very difficult week. Fourteen past right
seventeen past seven. Speaking of reports and expenditure and funding gaps,

(37:53):
a Deloitte report out this morning lays bare the Super
Rugby story. All five operations have been cumulatively unprofitable without
New Zealand Rugby funding. Average crowds are down twenty five percent.
They say within five years they could lose it combine
twenty million bucks.

Speaker 3 (38:06):
Now.

Speaker 2 (38:06):
Malcolm Gillies is the Hurricanes co owner, of course and chairman.
He's back. Well there's Malcolm. Morning to you.

Speaker 6 (38:11):
Good morning, MIKEE.

Speaker 2 (38:12):
Is there a huge variation between the clubs and what
they earn and don't do it? No, so basically everyone's
in stock.

Speaker 6 (38:21):
No, I wouldn't necessarily say that, Mike. I mean the
way the model is at the moment is you basically
need to win the competition and that's you know, and
if you don't then obviously it's a lot more difficult.
But I think what we're looking at here is this
report was a based around basically coming up with a
compelling argument for change that everyone could agree on, and

(38:45):
then then having a look at the model and looking
to see how you can make the model work better
so that we can get private investment in there.

Speaker 2 (38:54):
Right, why am I in there as a private investor?
Why are you in? Are you in to make money?
Or because you love the gamer? A bit about.

Speaker 6 (39:01):
I got them because I love the game, and you know,
because I'm in business, I could see that you know
this is there needed to be changed to make the
thing work and attract further investment. I mean, you wouldn't
invest in it as an investor, right, You're basically the
way it's structured. And part of this whole report is
about how do we put it, get it in a

(39:24):
position where people will invest in it. And I think
that if you look at that report, there's a really
compelling argument. I believe all the super clubs, all the
stakeholders realize Super Rugby is important, but the model, we're
just out well in the model, and now we've got
to we know, we've got to look at collectively how
we can get that model to produce black ferns and

(39:46):
all blacks and you know Wallaby players of quality. And
at the same time, it's got to stand on its own.

Speaker 2 (39:53):
Would you could you sell it? The reason I asked
this question, as you will have heard, the Lakers this
week got sold for twelve billion or valued up at
twelve billion. Liverpool's been sold if you flecked your stake,
is that worth something? And therefore that value is increasing
and we don't worry about the bottom line year and
year out or are they both in trouble?

Speaker 6 (40:11):
No? Look, I believe right now it would be very
difficult to attract sensible investment because of the actual model.
All right, Once we can change that model, then you
will get the investment into it, you'll get private equity
coming back into it. At the moment, we're just you know,
we've got to restructure it.

Speaker 2 (40:31):
And and are you going to And is everyone on
the same page or is this fraud?

Speaker 15 (40:37):
No?

Speaker 6 (40:38):
I reckon. Everyone is very very positive. Everyone agrees that
it needs to change. And I think, you know, we've
got some good player, you know, really clever people involved.
The clubs are one hundred percent behind the fact that
you know we do need to change. We haven't actually

(40:58):
got to the point where we've got a model that
we and all debate and agree on, but we're moving
forward with that and I think everyone, all the stakeholders,
the Rugby, the players Association, all the clubs, understand we've
got to do something and I think everyone from my
experience is very positive about moving forward and coming up
with a solution.

Speaker 2 (41:17):
That's I hope that's the case. Malcolm, listen, good to
talk to you as always, Malcolm Gillies, Hurricanes co owner
and chairman. Remember John Hart offered me a slice of
the blues one day in New Market? Which bit which
bit of them? Mark the week in the Moment seven twenty.

Speaker 1 (41:34):
The Mike Asking Breakfast Full Show podcast on aheart radio
how of By News Talks evy.

Speaker 2 (41:42):
Now you've been putting off the old upgrading and need
a bit of tech or something around the house. Harvey
Norman are here to help. They're making a fairy compelling
case to do it. This weekend we got the hpomnibook
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plus a seventy dollars bonus give car. The garment instinct

(42:03):
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I got? Twelve kilo higher washing machine twelve nine to
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or bigger, you get a bonus three month Skysport and

(42:25):
Neon bundle sub via redemption terms, conditions and exclusions apply.
So there's a lot happening there. You get into Harvey
Norman Shop online today see in store four details posking
out of seven twenty four already timed out to mark
the week. The little piece of news and current of
incidents and well increasing numbers of people are suggesting, was
Thomas Coglin's anonymous source lux and eight. We've done a

(42:45):
cack cass job getting this thing to get that stared
them down again, and they folded like an umbrella. Chris
Pink one. Not only did he get sucked in in
the first place, he paid the ultimate price for a flop.
Chris Bishop too. He can say what he likes. Erica
Stanford three. She can say what she likes if she
says anything at all. Let's put it this way, if
they ran the country like they ran the coup, we'd

(43:07):
really be in trouble. New Zealander's reaction to yet another
display of self centered arrogance and appalling lack of loyalty
one see my sense of it. Say whatever you want
about Luxeon, but he works hard. He's there for the
right reasons, and New Zealanders aren't into self absorbed nastiness.
It is not who we are. The warrior is known
in some respects a complete season. It's done needed at

(43:29):
God at Panthers to the sword, next stop, minor premiership
exactly Burgen Bread four. The pink of breads stand and
pours eight upgrade at our GDP. That's the stuff we
should be embracing. You see, the country's actually moving. Spending seven,
speaking of which material gains and discretionally in general spending
two banks Now, just this week with numbers that don't

(43:50):
lie Delmore four twelve one hundred houses and shipping out
the wastewater in the trucks. Is that our vision of
a housing future? The Opportunity the Opportunity Party six, I
know what you try, I know what you try and

(44:11):
do there, Glenn, the Opportunity Party six. One proper poll
were you might believe the fireplus numbers, I mean they
could be real, There could be momentum. The question is
it's sticky. Why to hang you? Tribunal four? The report
is complete. It has not gone to cabinet. It may
not go to cabinet. You know why because I think
they've worked out we won't like what it says. And
that's another headache. They don't need an election campaign. National

(44:34):
Party's fiscal guard Rail six, I mean has an idea
precude not a bad one, but who remembers that now,
Ah Hipkins and roder Earth three. Emergency Housing got a
bit out of control of it Chris honestly and no apology, guys.
A robot Trump in the food delivery truck eight and
know what the hell I'm doing? And he takes Heckseth

(44:54):
and he leaves Rubio Miller and Bessent on board the
old one with the blinds down. Who needs enemies? A?
And that's the week copies on the website and rumors
that Thrive Capital have made an off of for forty
percent of marking the Week, valuing it at eighteen billion
aren't totally true. Pasking Mike, you might find these stats
interesting national sales this is houses June twenty three, five
six hundred July twenty three forty nine hundred June twenty six,

(45:16):
five nine hundred and ninety six July twenty six, six
ninety I think you might be looking at an election effect.
We're doing much better this election than the last one.
Those are interesting numbers, aren't they. Speaking of numbers, things
are troubled, not only in Super Rugby but most definitely
at the netball. So Jenna Wooten is the new CEO.
She started a job officially this week, so that's the

(45:39):
upside because she might well be good and solve some problems.
And then coming the news of the mobras and some
private equity and possibly some sort of lifeline. So let's
see if we can't get some details on that directly
after the news, which is next Friday, morning. Here on
the Mike Hosking Breakfast, there's.

Speaker 7 (45:54):
No fluff, just facts and fierce debate.

Speaker 1 (45:57):
The Mic Hosking Breakfast with Defense Trophy, Epic Adventure, Greater Purpose,
news talks.

Speaker 2 (46:03):
There'd be raping a Friday morning of course.

Speaker 15 (46:06):
Right now.

Speaker 2 (46:06):
Netball back in the news. We've dealt with the super regular.
Earlier on Netball back in the news. We've got a
new CEO who started a new job this week. We
also have news of a potential elite level deal. We've
got some private equity and there apparently Netball Chief Executive
Jenna Wooten is with us.

Speaker 20 (46:21):
Good morning, Good morning Mike, thanks for having me.

Speaker 2 (46:23):
Not at all. Did you like what you saw in Scotland?

Speaker 20 (46:27):
Oh, look, it was incredible. I was on the edge
of my seat like I think most New Zealanders for
the whole of the Commonwealth games, from that very first
match right through to that final whistle. It was just incredible.
And I think I speak on behalf of all New
Zealanders when I just say how incredibly proud we were
of not just our silver Ferns, but that whole management

(46:47):
team Dame Nolean. It was just a phenomenal performance that
they turned out over the f New Zealand.

Speaker 2 (46:54):
Did you see it as redemption for Dame Nolen?

Speaker 20 (46:57):
Look, I think it was incredible for the whole team.
I think the way they have come together off the
back of a really challenging period was beautiful to witness.
And you know, I think to that point, Mike, there
was no doubt that on court performance was phenomenal. But
what I think we saw throughout the games was the
culture and the connection and the genuine unity between the coaches,

(47:20):
the management team and the players. And I think some
of those moments were real highlights, highlights to watch in
a real privilege to watch, you know. I think the
watching the harka for the Silver Foom's manager, Easter Malloy,
you know that was that was a beautiful moment to watch,
seeing Karristie jumping and just being the ultimate fangirl for

(47:44):
her team on the sidelines, watching them after the gold
medal match, when they came together in that circle and
they were banging the chair and they were singing their song.
I want to understand more about that moment because I
know I wouldn't have been the only one at home
watched that with tears in my eyes, just feeling an
immense amount of emotion and pride.

Speaker 2 (48:04):
Meantime, back at home in the cult heard world of
your reality, you're any closer to fixing your problem.

Speaker 20 (48:12):
There's an enormous amount of work that is underway. So
I started formerly in the role on Wednesday. We are
looking at a number of options in regards to the
domestic competition, and we're working really closely with the Players
Association and the zones to make sure that we're bottoming
out the options that do exist and that we're making
the best possible option, not just for twenty seven, but

(48:34):
for generations to come, because that's what's really important. And
I know time is absolutely of the essence. It's not
lost on me how critical it is that we're getting
this information out to the players and we're giving them
the certainty that they need. That's enormously important and that
waghs heavily on us as an organization, as it should.

(48:57):
But this is a decision that will have impacts years
to come, and we need to make sure that the
decision is the right decision, that it's responsively made, and
that it works really well for the future of people.

Speaker 2 (49:09):
Is there a twenty seven.

Speaker 20 (49:12):
Look, we're really committed to making sure there is, and
there's a lot of work taking place on the moment
of what that could be and what the right option is.
But I think the thing I'm saying to everyone at
the moment is it's about solutions, you know, and that's
the mindset we're coming to the table with in regards
to both twenty seven, but also.

Speaker 2 (49:32):
Beyond when's the is there is there a Mobra deal
or no?

Speaker 20 (49:38):
Well, our chair ality car others a couple of weeks
ago talked quite openly that private equity is something that
we absolutely are looking at as many sports, both here
and globally.

Speaker 6 (49:50):
All of those.

Speaker 20 (49:51):
Discussions are confidential at the moment, so I can't go
into a huge amount of details, but I absolutely can
confirm that we are looking at options involving private equals
along with other options as well.

Speaker 2 (50:02):
And is the private equity for twenty seven or twenty eight?

Speaker 20 (50:06):
It is for twenty seven and beyond.

Speaker 2 (50:09):
Right, is there more than one private equity option or
just the one.

Speaker 20 (50:13):
I'm not able to talk specifically about the options that
we are looking at, but there are multiple options that
we're considering, and that's appropriate because it's really important that
we're selecting the right option that's going to set us
up well for the future.

Speaker 2 (50:26):
Because that was my next question. Is the private equity
option a charity option or are they in it long
haul because they believe in the game, can grow the
game and they see it as a business return with
the bottom line and all the other bits and pieces
that go with that sort of call.

Speaker 20 (50:40):
Well, I think the language I'm using as private equity,
I'm not talking about philanthropy. So I think when I'm
talking private equity, I'm talking about a return on investment
that investors would want to see. Philanthropy is a different conversation,
and depending on parties invold, they may be looking more

(51:01):
at at a private equity angle or a philanthropic angle.
But what we're talking about at the moment as one
of many options being considered as private equity.

Speaker 2 (51:09):
So, as you talked to us this Friday morning, you
bullish remaining pause jeez, Well, bullish.

Speaker 20 (51:20):
Isn't a word. I'm us like, that's a you word,
that's not a me word. But I would say I'm optimistic,
you know I when I took this role, I felt
enormously heartened by the strength of our community game over
one hundred and fifty thousand members. You know, you go
to any of the eighty three netbook centers around the country,
the game is absolutely pumping. You can buy that. At
the other end with you know, we're we're our silver

(51:42):
firms is one gold at the Commonwealth Games. That's phenomenal.
And then if I look ahead to the next twelve
months where we're counting down now to a World Cup
in Sydney, So there is an enormous amount to be
really optimistic about, but there are huge challenges in front
of us as well. So we've got to work through
those challenges. We've got to make the right decisions for
the long term sustainability of the sport and I am

(52:05):
absolutely confident we will get there with the partners that
we're working through. You know, this isn't just a nick
On New Zealand challenge that we're we're trying to walk through.
We're doing it together with the Players Association, We're doing
it with our zones, our life members are hugely engaged
in this discussion with us. It's about us all of
netball solutions that we can collectively feel incredibly positive about.

Speaker 2 (52:26):
Well, the's hope. So I appreciate you time very much.
Jenna wouldn't. We'll stay in touch her, who started on Wednesday,
chief executive of Netball New Zealand. Now there's a job
with a hurdle. A seventeen to two.

Speaker 1 (52:36):
The Vike Asking Breakfast Full Show podcast on iHeartRadio now
advit News.

Speaker 2 (52:41):
Talks, it'd be fourteen away from it. I think the
palls she gave Mike conven negated with the response she
gave posts the pause, Mike, I think this woman, Jenna,
she's so I like her. She's so passionate, actually sounds intelligent. Well,
it's encouraging. She seems very likable woman to meet, Mike.
You asked about Dame no Lean and everyone got to
mention except maybe the people who swept the stadium after
the game. Silent speaks volume probably overread that, Mike. I

(53:05):
listened to your full Show podcast in the afternoon on
the way back from work. Got no idea what you're
talking about today. But please say harder to him and Katie.
Strange way to operate, Nathan, but good on you. Do
you know we without blowing my own trumpet too loudly,
because you know my modesty is only beaten by my
good looks is that the last month we've got a
million downloads, virtually a million downloads on our podcast. So Nathan,

(53:28):
you'll be pleasing you were one of a million downloads.
Seems to me a lot of people. Now AI jobs.
I want to tell you this story, but without insulting
people who do the jobs right. So the top ten
AI proof jobs, some of them are obvious, some of
them aren't, and some of them. The thing that worries
me is there are not many of these people who

(53:50):
do these jobs. So what I'm trying to say is
a lot of jobs are going to be destroyed by AI.
And I'll come to our own personal circumstances in a moment.
So the number one job they found that will not
be destroyed AI is a firefighter. You will always need
a firefighter. So if you're a firefighter, you can feel
fairly say. Pilots is another one. I would have actually
disputed that one. I wouldn't have thought it's particularly you know,

(54:10):
many years away before we have pilotless planes, we got
pilotless cars. How long can it before you have a
pilotless plane? Home installers mobile home installers, Now, that's how
many mobile home installers. Are they apart from you? What precisely?

Speaker 21 (54:26):
I mean?

Speaker 2 (54:26):
First, sound like a Geeks on wheels?

Speaker 10 (54:27):
Is that?

Speaker 2 (54:28):
Well, no, that's a technical support job. I would have said,
you don't. You're not a home installer.

Speaker 18 (54:33):
Mobile is the guy from Noel Lemings could be that
takes your fridge away and puts the other fridge in.

Speaker 2 (54:38):
Tree trummers and pruners, so fair enough arborous cycle them.
But there you go, iron and steel workers, oil and
gas operators, roof bolters, miners, fishing and hunting workers. I mean,
how many of them can they be? And tree fellers.
So the block you get round to prune the rhododendron

(54:58):
you have to be a big road, and of course
it be a true anyway point being, those are the
jobs as a woman or a woman sorry sorry, could
be a woman one hundred percent. But here's the problem.
So I'm getting the conifers taking out this week. I
think it's this week. I don't know, but I was
led to believe it could be this week, and because

(55:21):
they're dying. And Katie took a photo before we took
them out, and she went straight to AAI service and said,
create me a new scene. Once we've taken these conifers out,
and in about a minute and a half this thing
came up with half a dozen different designs of what
the area could look like. There are people who do
that for a living, and they're not being employed by
us because we just did it with Ai. And one

(55:43):
of the pictures came back with the coniffers back in
like new coniffers, and we said, take the conifers out,
put something else in bank, just like that. Did it
actually took the conifors out, took the conifers out, I
mean in the picture, really, not literally, you idiot. Put
a fountain in. Put a fountain in. There are people
who do that for a living who are no longer
getting employed. Katie then got carried away because we want
to build a portakachery or a portaka cheer. Anyway, she

(56:05):
took a photo of the front of the house and said,
build us a portaka chierri bank. Just that there are
people who do that that we're not employing because AI
just did it for us. Then she said she got
really carried away. You can see it's quite a bit
going on at the house. You go, she wants to
redesign the kitchen so she said, took a photo of
the kitchen and said, give me a new design that
will allow me to have a rod that can hang
my copper pods. Bank came up with a whole new
kitchen design, several kitchen designs. There are people who do

(56:27):
that for a living who are no longer going to
be employed by us because we've just done it with AI.
Now do I feel bad about that a little bit,
to be honest, And I'm sure people in those areas
will now text me and tell me what they contribute
to that process that AI never can. I'm just not
sure what it is. And so if I was in
those jobs, I would probably look to become a fishing

(56:50):
and hunting worker nine minutes away from eight So.

Speaker 1 (56:55):
My costing breakfast with Bailey's real Estate news dogs, there'd.

Speaker 2 (56:58):
Be Mike, wouldn't you use drones for pruning and firefighting?
Senes a very good point, because Glenn and I were
just talking about that off air and we decided that
you probably would. So basically it leads us to conclude
that we're all shot to pieces, which does lead me
to reissue my advice to listen if you can, or
watch if you want. The podcast that The Economist did
perhaps two weeks ago with Elon Musk, and I saw,

(57:20):
funnily enough, a podcast of the podcast du So she
was a woman from the Economist who did Elon Musk,
and she turned up on time in Texas, and he
turned up an hour and a half light because as late,
as they explained, Elon works on in Elon time. And
it was one of those weird conversations where he thought
things were going well until they weren't, and he started

(57:43):
tweeting out the conversation, and then when he got some
pushback on the conversation, he then started tweeting out or
exing out how he didn't like it. And this woman
from the Economist is weird anyway. Point being, he argues,
and this is where I think he's gone off piece.
He argues that AOL is going to be so prolific
and the productivity gains are going to be so great

(58:06):
that nothing will cost anything. So, in other words, AI
will be so productive, it will produce so much of
anything and everything you want that its value will be zero.
Now I can't get my mind around that, for the
simple reason that you've got to go back to the
start and at the start, somebody's got to build something.
Now it might be an AI model, or it could

(58:26):
be a robot, but somebody's got to make some money here.
If you're looking at the amount of money that's been
spent on AI at the moment, somebody somewhere is going
to want to return on that money in building out
what they're building out at the moment, all these hyperscalers.
So where's the return on it? If everything's valueless? First
of all, you must value something for it to be
part of your life. Otherwise you just have an infinite

(58:47):
number of cars. Because if cars were free, you just
go out and get a car every day or as
often as you want to, and if you're really bored,
you probably go get three or four of them a day,
because according to Elon, they're all free, and food would
be free, and everything would be free, and what would
be the purpose of existing. There'd be no purpose in
starting up anything, there'd be no purpose in working at anything.
There'd be no purpose doing anything, would there. So that's

(59:08):
where I think he's gone dreadfully, dreadfully wrong. Now after
eight o'clock or after eight thirty, more importantly, Murray olds
and this applies to us the news bargeting a bargaining initiative.
It was put into the House yesterday and this is
Australia's This is Albanese's plan to tax big tech. So,
in other words, when big tech comes along and takes
some stuff from local media, they've got to pay a tax.

(59:31):
The idea or the preference from the Australian government is
that the tech companies and the media companies do their
own deal. If they don't, the government will step in.
Now he's had problems. Problem number one was the local
media industry didn't like it. It was too watered down in
favor of tech. Problem number two was the tech didn't
like it was too watered down in favor of the
local media. Third problem was he didn't have the numbers

(59:52):
in the House. So we went and cut a deal
with the coalition yesterday and they've come up with some
random kind of middle ground that they hope might lead
to something. My suspicion is what that something is is
not particularly good. But we can have that conversation when
we join Murray Olds after Rake thirty this morning. In
the meantime, the news is next, and then we'll get

(01:00:12):
into the week with k Hawksby and Tim Wilson. Here
are news toks ed b.

Speaker 1 (01:00:19):
Asking the questions. Others won't the mic asking Breakfast with
Bailey's real Estate.

Speaker 7 (01:00:24):
One key we owned and operated news tog sad B
the Skoe.

Speaker 2 (01:00:29):
Mike Elon has a concept called universal High Income because
AI will break down bureaucracy and barriers and creat ultimately
well he talks. He talks about an age of abundance
and just I just don't buy into it at this point.
Have a listen to this as.

Speaker 5 (01:00:43):
The unattainable shore of the first time You've Got High.

Speaker 7 (01:00:47):
The best hard rock album.

Speaker 2 (01:00:51):
This is what song is called the best hard rock albums.
The album is called The Mountain Goats to Days. The
bands the Mountain Goats, and the album's days hard rock
album written up as being very polished and very very funny.
You donel there was his name. Daniel Moving started writing

(01:01:12):
the latest record as an attempt to do for the
nineties grunge culture what Gods did for the Docks. An
eye line of crowds of the eighties, a redistributive history
bestowing attention on the unfairly forgotten, the.

Speaker 7 (01:01:25):
Best hard mark albums of thirteen.

Speaker 2 (01:01:29):
He's Got a song called Charlie Sheen riches out on
the Fed. It's quite funny. I don't have songs any good,
twelve tracks, thirty six minutes and twenty three seasons, a.

Speaker 1 (01:01:39):
Week in Review with two degrees, fighting for fair for
Kiwi business.

Speaker 2 (01:01:46):
Yeah, I am, you're ready for tonight?

Speaker 15 (01:01:48):
Hey?

Speaker 10 (01:01:51):
You good?

Speaker 2 (01:01:51):
Caddie.

Speaker 22 (01:01:52):
Hello, he's not answering that question, obviously, I'm great and
hellod And it was it nath them listening in on
the podcast.

Speaker 2 (01:02:02):
Yeah, Nathan listens the day after. So by the time
Nathan tunes into us, it'll be Saturday morning unless you
unless well yeah, but he didn't say where he was.
I mean he's coming in in Sweden. Then it'll be
still Friday night, so it could be could be tricky.

Speaker 15 (01:02:18):
True.

Speaker 22 (01:02:18):
Well, we're grateful for the download.

Speaker 2 (01:02:20):
Well, I mean thanks for the years. A million downloads.
I mean, you can't with a million downloads, can you?

Speaker 22 (01:02:26):
Every one of them comes?

Speaker 13 (01:02:27):
Hey?

Speaker 22 (01:02:27):
Can I just do a brickbat in of b Ok
for the week, just to be old school radio?

Speaker 7 (01:02:30):
Oh?

Speaker 2 (01:02:31):
Good, good, good segment. No last segment, I hope I have.
It's not a list given your advice and showed lists,
so no, no, no, you, okay.

Speaker 22 (01:02:40):
I want to start with the positive. Okay, in a
world fall of people that want to tear people down,
in a country of tall poppies. I think one of
the key traits I value most in the world is loyalty.
And I think this week, I don't care about the politics.
Take the politics away from it. I don't care what
party he was part of. The decency and humanity and
loyalty of the man is what I love. Mark Mitchell

(01:03:04):
is my bouquet of the week because how lovely was
he when he said I when and I sat with him, Ah,
I sat with Chris Luckson. Everybody wanted to jump on
him and we all hate you. You're a loser, and
you're feeling He must have been feeling the weight of that,
and I was thinking very much of his family, his
wife and kids. What a horrible thing to watch the

(01:03:24):
person you love have to go out on their own
and do all this, And how lovely for them that
there's a guy like Mark who goes and sits with
him and supports him and fronts up and says to everybody,
I'm behind him.

Speaker 7 (01:03:37):
That was so cool.

Speaker 2 (01:03:38):
Yes, it was well said. What do you say to
Matthew Houghton, who says he's one of the conspirators.

Speaker 22 (01:03:44):
He's out to lunch. Matthew Horton doesn't have a clue.
I don't know why people still listen to him on
politics because he's clearly sogous, is not with it at all.

Speaker 21 (01:03:52):
Well, his disdain for Christopher Luxe and just oozes out
of every pore of his body, and it says like,
if you want you want someone who's going to be
able to accept the counter argument and go, okay, well
this is wrong because X, Y and Z. But it's
just it's not there. It's just it's just hate.

Speaker 22 (01:04:12):
Brick bat ugly well the brickbat I mean, I've actually
got two. I mean the obvious one is Erica Stanford
because to me, I held her in high esteem. She's
a very capable, competent minister. But I think this week
proved her intentions are in the wrong place. I think
if you've got aspirations like that and you want to

(01:04:33):
execute them this close to an election, you're not quite
all there. And I feel badly and I think putting
out a not standing by Luxon on the way in
or out of caucus when most senior ministers did was
very telling and putting out a damage control press release
twenty four hours after the fact, going oh, whoops, this
is looking bad for me. Oh yeah, I do support
Luxeon was really embarrassing as well my other brick.

Speaker 2 (01:04:54):
So okay, that's good. So the question I have for
both of you then, is that, obviously we've asked Erica
to come on the program and Christopher as in Bishop
of the Hut, and both are avoiding us at the moment,
and they know what's coming. So how long do you
avoid it? Because you know you're going to have to
face me eventually, right at some time between now and

(01:05:16):
November seven, you're going to have to front up on
this program in front of hundreds of thousands of people,
and you're going to have to get hoskinged. So how
long do you want to how long do you want
to hold that off for?

Speaker 22 (01:05:27):
Yeah, well, they might be polishing up some pr I
mean Chris Bishop, we didn't hold in such higher regards,
so he had he had a less distance to fall.

Speaker 2 (01:05:34):
Yeah, we already knew.

Speaker 7 (01:05:36):
Already knew.

Speaker 15 (01:05:37):
Yeah, Erica, you're right.

Speaker 21 (01:05:38):
Erica Stanford was a bit of a surprise because you
sort of think, oh, she's just preoccupied with education.

Speaker 2 (01:05:43):
But clearly that is true, isn't it. Do you think
do you think better? I think better of Luxeen. I
admire what he did because the easy thing it was
to do was to walk away and to face somebody down. Toy.
I mean, what a ship week? I mean, honestly, what
I mean? You just personally you want to take you know,
just a a brick bat. You want to take a
brick back to them and whack them around the head.

(01:06:04):
But you know, so who needs that? Like you're sitting
at home with Amanda and you go, oh, got to
call a caucus meeting again. I'll see you Thursday. How
does that go? Okay? But okay, I've got I don't
know if this is right or wrong?

Speaker 21 (01:06:20):
But what about there's no such thing as bad publicity?

Speaker 15 (01:06:24):
So this is all bad publicity.

Speaker 21 (01:06:26):
But doesn't mean because I've heard you talking about the
Nelson meeting and the standing ovation, et cetera, et cetera,
does this actually add up to a plus for Luxon
as a leader I think, and National as a party,
because oh they're talking about National everyone you know, you're
in the supermarket, you don't know, you know, who's a Lotter,
Who's what's what Zerica Stamford doing? No, you're just like, Oh,

(01:06:48):
they're talking about national Oh they must be up to
something and it's a boom.

Speaker 2 (01:06:52):
It might be something in that brief break more in
a moment thirteen past.

Speaker 1 (01:06:56):
The Mike Hosking Breakfast Full Show podcast on I Heard
Read It by News Talks.

Speaker 2 (01:07:01):
B News Talks B sixteen past eight the.

Speaker 1 (01:07:05):
Weekend Review with two degrees fighting for fair for Kiwi business.

Speaker 2 (01:07:09):
Four people speaking of the one hundredth and you raised
it at the start to the one hundredth birthday or
celebration of z B. Katie your summation yesterday, Katie came
and sat on my knee? Oh, I was, I was?

Speaker 15 (01:07:25):
Did you did you do?

Speaker 7 (01:07:26):
This?

Speaker 6 (01:07:26):
Is?

Speaker 2 (01:07:27):
Did you do?

Speaker 15 (01:07:27):
This?

Speaker 7 (01:07:27):
Is the way the ladies ride?

Speaker 21 (01:07:28):
The ladies ride?

Speaker 2 (01:07:29):
Then the Cowboy's right? Did you do that one?

Speaker 22 (01:07:32):
No, it's just I don't see all day because he
works in his office all day at home and he
sits at his computer working all day.

Speaker 21 (01:07:39):
Long, watching watching question Time and give his attention.

Speaker 22 (01:07:43):
So I go and if I don't sit down between
him and the screen, which at this point turned up
to be on his knee, I can't get his yea.

Speaker 2 (01:07:50):
So she sat on her knee and we turned on
the Laighton Luton's with Podcasist podcast and he was doing
the one hundredth birthday of z B and he had
he had Bill, and he had Jason and he had Dallas,
who have been the three most recent z B bosses.
So your summation, Katie, was what worth listen?

Speaker 22 (01:08:12):
Listen to the whole thing you put me on the
spot here.

Speaker 7 (01:08:16):
Yeah.

Speaker 22 (01:08:16):
Yeah, I would say worth listen for sure, especially people
who are interested in z B as a juggernaut, as
a force, as a brand, the legacy.

Speaker 3 (01:08:27):
Yeah.

Speaker 21 (01:08:28):
I like the first I like the first podcast with
the with the soldier's voices from the.

Speaker 2 (01:08:33):
War that you're talking about my podcast? Yes, yeah, Mike
host podcast on news.

Speaker 21 (01:08:40):
Can I ask you a question, Mike? Can I ask
you a question? What was it taught you? What has
it been taught you working on z.

Speaker 2 (01:08:49):
To be patient with some of the people who come
on here that aren't that good, to be kind when
it's amateur hour exactly exactly.

Speaker 22 (01:09:00):
The best point on the podcast was that discrepancies. It
might have been Dallas who made it. The best point
was what in fact it could have been Jason as well.
What you get at z B is a lot of
respect for each other. The hosts on all the different
shows are very different people. They don't necessarily agree, They

(01:09:21):
wouldn't hang out socially with each other. They have different views,
but they have enough respect for what each other does
that they will always play the ball, not the man.
And so that's the beauty. Or you get a lot
of different perspectives. If you listen throughout the day, by
the end of the day, you might get a host
who's really disagreeing with something. Mike said, Yeah, so I
think I think that was a really valid point.

Speaker 2 (01:09:42):
You get it like a wet like Jack Tame for example.

Speaker 15 (01:09:46):
Like.

Speaker 21 (01:09:51):
Go on Jack to Jack used to listen to talk
Back as Bunk in Nelson.

Speaker 2 (01:09:56):
Do you know that's there?

Speaker 3 (01:09:57):
It is?

Speaker 2 (01:09:58):
That's the theme I got out of Layton's podcast Each Dallas, Jason,
and Bill Jacket me uh all tragics. We all listened
to the radio, fell in love with the radio and
what it does in its magic when we were kids basically,
and we were so profoundly affected by what it could
do that we chased a career in it. That's that's

(01:10:21):
radio and that's and Ziby is the best of that
particular version of communication. That's what I've learned from Zibby
zid Bey. And answer to your questions, Actually to Ziby
is all I thought it would be and more. There
you go, look into my speech tonight, bad news on tonight.

(01:10:44):
Do you want to know the news we already know?

Speaker 22 (01:10:47):
Sam told us off here and I said, I told
you this, and you wouldn't listen to me.

Speaker 21 (01:10:52):
Well, yep, you're going to be You're gonna be talking
in your sleep, aren't you.

Speaker 2 (01:10:56):
Oh, for God's sake, the deal was. The deal was in.
Let's get it underway, and that's it. And now now
I'm told it's changed. It may as well. The speeches
don't start till like eleven fifteen.

Speaker 22 (01:11:10):
No, the speeches start an hour after arrival time, which
is what I said would happened. And why don't know
what you were thinking that they were going to start
the speeches at the same time as people are supposed
to be arriving.

Speaker 2 (01:11:19):
No, I don't know. So well, I'll just be tired
and probably drunk at that point. Already warnings. By the way,
I've gone out mainly to the newsroom they're putting people
in taxis. First sign of real umbrage verbally against some
of the high rollers in taxis straight away. That applies
to you, Katie.

Speaker 21 (01:11:39):
On my best behavior, Hey listen, I I've got by
the way a ZIBB host of the future as our
son three and a half year old otto. When we
asked him what do you do at kindy, he turned
to us with a malicious glint in his eye. He said,
I drink alcohol and fate.

Speaker 2 (01:11:57):
The sad thing is, though to Tim it's probably true.

Speaker 7 (01:12:01):
Well, so we call the Kendy.

Speaker 21 (01:12:02):
It's only half true.

Speaker 2 (01:12:03):
So nice to talk to you. Tim Wilson, Kate Hawksby.

Speaker 1 (01:12:06):
It is eight twenty two The Mic Hosking Breakfast with Vida, Retirement, Communities,
News Talks, head B The Mic Hosking Breakfast Full Show
podcast on iHeartRadio.

Speaker 7 (01:12:19):
Polled by News Talks.

Speaker 2 (01:12:20):
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to the door. Teas and sees apply. But this all
ends the nineteenth of August, so not long. So heading
to Chemist's warehouse and stop paying too much. Mike, I've
seen Bishop at the airport a couple of times. He's

(01:13:24):
never got a clean pair of shoes. Says it all. Mark.
I tend to agree. I know that's superficial, or is
it superficial. I mean, I don't know whether Bishop's got
shoes or not. I'm shoes' you got shoes, but I
don't know whether they clean or not. But I'll take
your word. But what I'm saying is, if you don't
have clean shoes, that says something about you. The way
you present yourself to the world says something about you.
I'm wondering as reading yesterday Penfolds now Penfolds, I can't

(01:13:47):
work out whether they got too big, or whether they're
not that good at what they do, or whether the
world is giving up on alcohol and they are suffering
because of it. So they had a couple of problems.
Penfolds have got a whole lot of stuffy apart from
penfil themselves, Wolf Blast, Linderman's Yellow, Glen Blossom Hill. They're
looking to sell all those, by the way, so if
you want to buy yourself a wine label, they're up

(01:14:07):
for sale anyway. They lost a billion dollars, which is
quite a lot of money to lose. One of the
problems they had were what they call gray markets, and
there were countries shipping in certain allotments of their wine
into China and they were able to therefore sell them cheaper.
So in other words, the Chinese bloke would get some
stuff in from America or Australasia, whatever discount and be

(01:14:31):
able to sell it cheaper. So Penfolds clamped down on that,
so that might be part of their problem. Sales are
down almost thirteen percent, sales in America are down twenty
two percent. They're looking to sell all those labels I mentioned.
They've got seventy six brands currently. They're looking to slash
them down to thirty. They're looking to cut costs by
one hundred million dollars. They're leaving US vineyards unplanted. They're

(01:14:53):
going to sell the wineries and a whole bunch of
stuff across California and Australia to try and return to profit.
So the question has basically everybody given up drinking, and
if you're in the wine business or the booze business
in general, times are a bit difficult, bit sticky and tricky.
I'm pretty sure Murray hasn't given up drinking. So we'll

(01:15:14):
get to the media thing that I told you about
about half an hour ago, and the big bailout yesterday
Eliaminium two and a half billion dollars. The government gave
to this company to keep it going. Murray holds across
the Tasman after the News, which is next to News Talks.

Speaker 10 (01:15:27):
D be.

Speaker 7 (01:15:30):
Here yourself.

Speaker 1 (01:15:31):
Think it's the Mic Hosking Breakfast with a Vita, Retirement Communities,
Life your Way, News talk sad been.

Speaker 2 (01:15:38):
Morny Mica so pleased to hear that Chris Luxe and
got a standing ovation in Nelson. Like Katie, I don't
care what side of the political spectrum he stands on.
The last few days must have been hideous for him
and his family. I guess that's part of the deal
when you sign up. Who would do it? His response
shows the tenacity of a leader. So the interest in
myomation of the week would be if you take the

(01:15:58):
politics out, the way it was handled, the way it
was conducted and the treatment of him is pretty low rent.
And I just don't think that most New Zealanders buy
into any of that kind of thinking. Twenty three minutes
away from.

Speaker 16 (01:16:11):
Nine International Correspondence with Ends and Eye Insurance, Peace of
mind for New Zealand business in Australia.

Speaker 2 (01:16:18):
Good morning, my friend.

Speaker 3 (01:16:19):
Yet Mike's very good morning to you.

Speaker 2 (01:16:21):
So we had a couple of examples similar to yours.
And this is not the first radio for you either.
I remember whale Er and various other examples. But we've
saved a cement business, we've done a steel business, and
this whole climate thing and jobs and you know, two
and a half billion dollars is a stunning amount of money.
How do they justify it for a thousand jobs or
does everyone think this is a piece of genius?

Speaker 3 (01:16:43):
Well, busy you talk to the opposition isn't a big
fan and that the opposition they over here, the right
wing of politics in Australia is not a big fan
of hanging on to these things. But don't forget Australia
once upon a done out a very very strong car industry.
We made great motors over here that was allowed to
wither and decline in the face of overseas competition. This

(01:17:05):
is the country's biggest aluminium smelter. Now aliuminium is in
a whole swag of different things. Now the labor government
here that will always spend money someone else's money, tax
this money to hang on to industries like this because
it's the biggest smelter in the country. Are we really
going to get all around the medium from Korea or

(01:17:25):
from Singapore or from Japan. I mean, that's the big
question that labor has answered, because don't forget the Hunter
Valley north of Sydney. It's absolute rolled gold or rolled
red labor heartland. A thousand jobs, but all those connected communities.
And this is an article of faith really for alban Easy.

(01:17:47):
It's a deal that's been done fifty to fifty between
New South Wales and the federal government and Tommogo itself.
I mean, Rio, here's the thing. Rio Tendo owns this.
It's one of the biggest bloody mining giants in the world.
It said, unless we get some sort of some sort
of health here, we're going to take this and move

(01:18:08):
off shore. We're not going to keep going here the
cost of energy because it gobbles electricity like there's nobody's business.
We're going to go off shore. Elbin Ezy and his
crew have made the decision, bugger that we're going to
hang onto this. It's about sovereign capacity, sovereign capability, and
the deal's been done, a thousand jobs and it's going
to be there for the foreseeable future.

Speaker 2 (01:18:28):
Okay, this tax deal. Follow this with a great deal
of interest as well, because our government has said that
we're going to have a look at what you're doing
and if it's good, we'll do it. It will do it
as well. Problem is, initially tech said it's too watered down,
then the media said it's too watered down. Then Elbow
had to go off to the Coalition to cut a deal.
Is this thing going to work or not?

Speaker 3 (01:18:47):
Well we're going to Scott Morrison for a little while.

Speaker 13 (01:18:49):
But this is where your big global tech companies, your Matters,
your Googles and whatnot are obliged to pay for ripping
off stories your new news room generates, the New Zealand
Herald generates.

Speaker 3 (01:19:02):
Why should these big companies get that stuff for free?
It was a system introduced I think about covid time
by Scott Morrison and company. Now at the start, Google
and Meta, I mean Meta owns Facebook, Instagram, What'sapp, the
swag of all these All these things use news that
they just hoover off the Internet, off of the of

(01:19:24):
my work, of your newsroom's work. So why should that
be allowed to continue? What the government here is now
saying big tech companies either you do deals with news
organizations or you pay the government defeat. The government of course,
will hang on with that money. It won't give the
apartment of the news organizations, you know, and I mean
to its credit. Google says it has renewed contracts and

(01:19:47):
it's it's still you know, it's still worth paying for
the stuff. It's still worth paying for news. When you
go on you say, I don't know, you know, the
new British Prime minister, bang upcome you know Google connection
will come up with the new Bridge Prime minister. Meta.
So I was saying no. So it's a bit of
a stand up with Mata and that's a monster. So
let's see where this lands. But labor is determined. If

(01:20:09):
you want the news, you've got to have to pay for.

Speaker 2 (01:20:11):
I mean the problem that you will face and certainly
will face more than you is that. And they've had
this argument in Canada, of course, is does Meta need Australia.
I mean, you know so, I mean, it's not America,
it's not Europe. Do they need you? And if it
gets too sticky, maybe they just flick a switch and
move on.

Speaker 3 (01:20:27):
Okay, we'll move on. If you want news, I mean
it's interesting. I mean, I mean Rupert Murdoch, a global
media titan. Is he really going to say, oh, no,
you can have more stuff for free? Yeah, I mean
Murdoch's never done that. Never.

Speaker 7 (01:20:41):
No.

Speaker 2 (01:20:42):
This melon gate thing I found interesting because of course
it was in the original podcast where he talked about
Kylie Minogue and everyone got fixated with Kylie Minogue the
melon thing, never never and suddenly gets back and now
it's how are people reading it? I mean, it's a
stupid thing to do. He shouldn't have done it. I
get all that, but as a diplomatic.

Speaker 4 (01:21:01):
Incident, it depends who you're reading.

Speaker 3 (01:21:04):
I mean, you know, by by the Murdoch Press. I
buy the other press over here in Australia just to
compare and contrast. The Murdoch Press says it's a disaster,
it's an international scandal, it's an incident. It's a bit
of a whole hum on the other side in terms
of the non Murdock media. But you have to if

(01:21:24):
you step back from it and you said, what the
hell were you doing going on the podcast in the
first place. I mean it's called bush deep or Jolly James.
He's asked about Kylie Mino, would you shake it? You know,
your course of what and it's just ridiculous. The melon thing,
the Japanese prime These melons are about like ninety bucks
each or something. They are high end melons. And you

(01:21:47):
know that this alleged comedian goes said what about Pamela
And I mean, Alban should have taken the micro burn
off and said that's enough. I'm leaving. It's just absolutely
b Yes, but he's out there. He's just obsessed with
trying to be cool and appeal to young people.

Speaker 2 (01:22:06):
I watched, I watched, I watched the thing that was
on Sky or whatever Sky's calling themselves now in News
twenty four and they had a guy yesterday who's I
don't know a market or whatever, and they were discussing
this very thing, and he argues that the problem here
is that social media has no currency in the terms of, yes,
you'll get attention, but it's just here today, gone tomorrow.

(01:22:28):
So if you're a politician and you're looking to impress
people or get a vote from people, that's not where
you get it. Yes, they may have seen you, Yes
they may find your melanjoke funny, but it doesn't dovetail
into anything substantive. And politicians need to learn that because
they've all drunk the calll aid and think they must
be on social media to make a difference. And it's
not true. He ain't.

Speaker 3 (01:22:48):
Yeah. Correct, that's a good argument. That's a good argument,
but it goes further to Albanezi's character. I mean he
still swears black and blue. He didn't fall off the
stage in the election. Yes you did, your knucklet you
fell backwards off the stage as he was getting up
onto it. Everyone saw it. No I didn't know. I didn't.
He steps off the plane wearing a Joy Division T shirt.

(01:23:08):
What you think you're cool?

Speaker 4 (01:23:09):
Mate? No you're not.

Speaker 3 (01:23:11):
Our kids will say you're just a joke, your silly
old bugger.

Speaker 4 (01:23:15):
What are you doing?

Speaker 2 (01:23:18):
Have a good weekend?

Speaker 15 (01:23:19):
Hey?

Speaker 2 (01:23:19):
Do we invite you to the Do we invite you
to our hundred party tonight?

Speaker 16 (01:23:23):
No?

Speaker 3 (01:23:23):
You did not, or it may be upstairs much staff
haven't cleared the box in the last week.

Speaker 2 (01:23:29):
Well you're not doing anything.

Speaker 3 (01:23:31):
Will you send your jetah?

Speaker 2 (01:23:33):
Come along? I look, I'll look forward to the catch up.
Nice to see you. Murray Old out of Australia this morning,
Strathfield Council Before we leave Australia. Interesting story in a
moment eight forty five.

Speaker 1 (01:23:44):
The Mike Asking Breakfast Full Show podcast on iHeartRadio.

Speaker 7 (01:23:48):
Howard By News Talk said, be.

Speaker 2 (01:23:51):
Year, Sydney Council are they passed a motion to make
English compulsory on business signs. They say it's to foster unity.
This is their second attempt. It was first flow today
years ago and it didn't go down particularly well. They've
got seventy three hundred businesses in this area of Stratfield.
Some of the shops don't have English translations, exclusively written
in languages people could not recognize. We have to respect
that English is our common language. So that debate's going on.

(01:24:13):
It's out West Sydney halfway to Paramatta by the way.
Just also speaking of Australia. But I fascinating thing. There's
an article in the Sydney Morning Herald, the Cherry Tigo
or Tego I'm assuming it is. Anyway, they've done this comparison.
I've not seen the comparison before. They've done two cars
side by side to workout which is more efficient, in

(01:24:35):
other words, which you're better off with. So they've done
the same car the Cherry t Go four one was
a hybrid. One was the petrol version. Obviously the hybrid's
more expensive, so they work out, but you're saving money.
So therefore you spend more but save money. And they're
exactly the same car. You wouldn't be auple. You couldn't
recognize them differently internally externally, exactly the same thing. The

(01:24:57):
only difference between them is one runs on petrol. One's
got a batch in a little bit of plugin. What
I found fascinating about the article is, unless I read
it completely wrong, for most people, the hybrid makes no difference. So,
in other words, you would have to do so many k's,
and most people don't. In other words, if you drive
it round town, and this is a smallish suv, if

(01:25:18):
you drive it round town, it would never pay its way.
In other words, you're better off buying the petrol. Now,
most people wouldn't think that, And I then, at having
come to that conclusion, I then asked myself, how much
of this whole hybrid thing is just a ruse to
the extent that you think you're getting something, actually you
are not. And the other thing was and I watched

(01:25:39):
a completely different video the other day, and it was
dealing with the BEV, and it was at all the
BEVs and this is once again similar Cara thing was
a nauday from memory anyway, the point being the bev
Audi is a mile heavier than a standard Audi, like
a mile heavier because of the battery, and so because
it's heavier, it uses more energy. So therefore you think

(01:26:02):
you're saving but in other words, you're not. So why
you're buying your be of slash plug and hybrid. If
you're doing it to save the planet, fine, are you
doing it to save money? There's much more to the
equation than you might think. So if you can be bothered,
look up that article and read it's fascinating. Nine minutes
away from nine.

Speaker 1 (01:26:22):
The Mic Hosking breakfast with Defender Trophy Newstalks.

Speaker 2 (01:26:25):
They'd be interesting reaction demanding me to pay news organizations
for news Mike they voluntarily post onto their platform as well.
They can't believe these cases aren't laughed out of court. Well,
you obviously don't understand the law. It's like if you
ever watch an American sports program, particularly NFL, they run
a disclaimer saying that you're allowed to watch this, but
you can't do anything else with it. In other words,

(01:26:48):
you can't record it and then post it somewhere as
yours because it's not yours to take. So when the
owner of the product i EA newsroom posts on their website,
it's not yours just to take. It's yours to consume,
and that's protected by law. And so this is where
the law gets interesting. So when Meta just grabs a
story and rolls with it, there is some protection there

(01:27:08):
and that's why deals are being done all over the world.
The tricky part is, of course, because Meta and Co
are so large and so influential, and they're having a
big debate in Canada over at the moment. It's made
more complicated in Australia by the fact that Trump sees
these tech companies as American companies. And this is not
really about tech, it's about attacking America. So that makes

(01:27:29):
it even more complicated. But you can't just steal people's product,
the same way you can't go and grab somebody's song
and just broadcast it. We pay every time we pay music.
We don't just grab it and play it. We pay
for it because it's a piece of property. I'm surprised
that people don't understand that. Five minutes away from nine.

Speaker 1 (01:27:48):
Trending now with the Chemist ware house, the home of
Big Brand Ftal wins.

Speaker 2 (01:27:53):
Now Marco Rubio. He's been on a podcast on The
Daily Why with his wife. He was asked what he
thinks of r IFK's dietary advice, and his wife came
to the party.

Speaker 15 (01:28:05):
This is a crazy diet.

Speaker 23 (01:28:07):
This is this is a diet that consists of eating
Sauer kraut and meat. Now you understand, like this is
not a sustainable thing, Like you can't just walk into
it because can you imagine if he has to travel
with coolers of I'm not going to travel the world
with a cooler full of Sauer crowd.

Speaker 15 (01:28:25):
It's ridiculous.

Speaker 2 (01:28:26):
I can't do it.

Speaker 15 (01:28:27):
It's not sustainable, are you Maha?

Speaker 23 (01:28:29):
I'm in favor of Maha, Like I think people should
be help, but I think ultimately.

Speaker 7 (01:28:34):
Its completely to pop tarts.

Speaker 15 (01:28:37):
No, I don't need pop tarts every day?

Speaker 2 (01:28:39):
Okay, you eat sweet pop.

Speaker 23 (01:28:41):
Tart is one of the great American innovations in history
of the world. If you think about it comes out
a beautiful.

Speaker 10 (01:28:45):
Foil all the things you should not be eating, every
single thing.

Speaker 2 (01:28:49):
The No, why hasn't anyone asked him what he felt
like being on the plane having been deserted and with
the blind down and his boss in a food truck
being shuttled off to a completely different plane because the
boss and the food trunk thought that the plane that
he's left Rubio on is about to get torpedoed. Why

(01:29:13):
doesn't somebody ask Rubio that question? Or Bessent or Miller
who was already there also on the plane. And the
people that Trump took with him, apart from Hegseth, were
just office staff like people who hang out with him
every day, so they were called like Yeno, Sharon and
Darren and Stephen. They went with him along with Hegseth.
But the key players in the American administration were left

(01:29:37):
on Air Force one with the blinds down and including
the Secretary of State pop Tart eating Marco Rubio. Why
hasn't anybody asked them that question? And whether or not
they think he ran for the hills? Anyway, that's us,
go the Warriors. Someone wanted my prediction for the Warriors.
You know what, I don't care. I mean like they

(01:29:59):
will and I suspect they will strongly do win. Well,
it's only the Broncos. Last time I think we played
the Broncos, we gave them a good spanking, good talking,
and we'll do that again and that'll be three wins
in a row and all the critics and shut up
for the rest of the season, and we'll go on
to win the minor premiership and we'll make it our year.
And what will you want to simplie anyway? You have

(01:30:19):
a good weekend, We'll see you money happy days.

Speaker 1 (01:30:26):
For more from the Mic Asking Breakfast, listen live to
news talks. It'd be from six am weekdays, or follow
the podcast on iHeartRadio.

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