Full Show Podcast: 14 July 2026

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Tough on power, Sharp on Insight on my casking Breakfast
with Bailey's real Estate, your local experts with national and
global reach used togs Head.

Speaker 2 (00:09):
Be fauning and welcome today New Zealand links with more
good news around our economy, the services sector back and expansion.
Sir John Key on the state of the place, are
Immune on, Sir Sam Neil the new head of FORI
Actlee while we're in the people of Knighthood's Sir Scott
Dixon is in for a word. After eight o'clock this morning.
The new headafon TIRA, by the way, talks about the
dairy forecast. Catherine Field and France Ender Brady does the

(00:30):
UK for us pasking Welcome to the day, seven past six,
you'll lad. I asked Chris Bishop the other day about
view shafts now. I did that for a reason. He
has a report coming. It's been coming for a while
too long. In fact, I suspect because it's either being
overseen by imbeciles or it contains a few explosive thoughts.
View shafts are an Auckland thing right rules designed to
protect well views of iconic stuff. Ringer Toto is a

(00:53):
famous one. Your house has direct line of sight to
the Great Volcano. You can't have a person build a
high rise in front of it. Now, the problem is
Chris Ship, minister in charge of all of this stuff,
is from the Hut and he's the bloke who came
up with the two million homes for Auckland plan that
got so spectacularly spanked. So my guess is his viewshaft
idea is along the lines of lost productivity. In other words,
why can't you build more high rises over there? Who

(01:15):
cares of the views blocked? About what harbor? Who wants
to see a lot of water? I hope I'm wrong,
of course, But as much as I hate overarching rules,
and believe me, the view shaft rules are overarching, they're
a minefield. But at the heart of them, they're well intentioned.
And here's the key. It deals with people's homes and
the homes of their castles. You buy in certain places
because of the outlook, because of the view, because you

(01:36):
don't have fifteen stories next to you. That's what neighborhoods
are and that's what reports like Chris's have the ability
to upend. His two million plan is already in tatters
and has already been readjusted. My great hope is the
reason we haven't seen this report is because when it
first got mooted many months ago, he was still stinging
from the rebuke he'd received. And further, the National Party,

(01:59):
who were quite keen on doing well this election in Auckland,
got to him and said, mate, I do hope you're
not going to view shafters out of electoral victory. Get
the right house you see, with the right view. It
adds millions, literally millions of dollars to the value. On paper,
A cris of the Hut might well be able to
argue that all these shafts hinder productivity, and on paper

(02:19):
he may well be right, But paper doesn't vote. People
with nice houses in nice areas with excellent views. Do
mess with that at your peril. Can't wait to see
what the report says.

Speaker 1 (02:32):
News of the world in ninety seconds.

Speaker 2 (02:34):
Well, what a difference today make? Say is the n
Whittickam murder investigation has been handed over to counter terror
as safety of MPs discussed in the Commons.

Speaker 3 (02:42):
I think those arrangements are comprehensive. However, we should ask
ourselves always whether they are enough and whether they are
responding to the changing nature of collectual the spike in
threat activity that we sometimes see, as.

Speaker 2 (02:56):
Well as the PM on the Islamic Revolutionary Guard.

Speaker 4 (03:00):
Supporting our assisting these groups will now face up to
fourteen years in prison.

Speaker 5 (03:05):
That is the material impact of that change that we're
making today.

Speaker 2 (03:09):
Also paid tribute.

Speaker 6 (03:10):
And was always there when her friends needed support.

Speaker 1 (03:14):
The Scottish whiskey industry has lost a very discerning customer.

Speaker 2 (03:19):
Was a force of nature. She was impossible to argue
with state signed they're remembering Lindsey Graham.

Speaker 7 (03:25):
And sometimes the even built a bridge for the Republicans
in the Senate and the President when there were disagreements.
He would be the guy that would bring all of
us together. But as a person, I just missed my friend.

Speaker 2 (03:38):
Conspiracy theorists by the way of an own suggesting the
old Pletner implosion got suppressed online.

Speaker 8 (03:42):
These claims are totally false and based on a completely
flawed methodology. The studying checked in Google News once a
day from a single account, ignoring the fact that Google
News automatically updates throughout the day.

Speaker 2 (03:54):
And as regards the strikes and the oil, here we
go again.

Speaker 9 (03:59):
When it was on the table that you might get
further damage through the region and so on. Then of
course markets gas, they're like, oh my goodness, could this
get much was many of those worst case scenarios still
remain a possibility. They've just becomes something less of a probability.

Speaker 2 (04:15):
Finally, one of the most complete t Rex skeleton is
going to go on sale and sol the these later on.
Today they call it gas that was found by Gary
guss Licking's private cattle ranches in himself, Daktabis in debad Land.
It's thirty eight feet long or eleven and a half meters,
contains one hundred and eighty three fossilized bones, which is
about sixty one percent complete. The auction begins in twenty hours,

(04:35):
expected to go for somewhere between thirty five and fifty
two million. They've really got no idea because the last
complete t Rix skeleton sold in twenty twenty for a
record fifty five at the time. And there is a
great debate, of course, are these things archaeological treatures and
belong in museums or do they just go to the
richest person with the most money. Here's the world in
ninety ah, yeah, twenty percent toll on the strike, despite

(04:56):
the fact he said it was going to be free
and that you don't want to toll. Suddenly, this is Trump.
Is there any part of his prisoner going properly at
the moment, and he seems to be literally flagling from
one day to the next. Twenty percent toll on the
straight fourteen ships went through Sunday. Is that a lot?
Not as many? It's not the end of the world.
This time last week it was thirty seven of those

(05:16):
fourteen to four had oil on board. Twelve past six, the.

Speaker 1 (05:22):
Mike Asking Breakfast Full Show podcast on iHeartRadio called by
News Talks IVY.

Speaker 2 (05:29):
While we've got India on our minds, they found some
inflation four point three eight, which quite high globally speaking,
was three point nine to three and that's the eight
straight month that's gone up now fifteen past six money,
I'm sure and partners Andrew Keller have good morning, Yeah,
very good morning. Manufacturing yesterday's services today.

Speaker 4 (05:48):
Yeah, well, the madness and the Gulf continues, so just
very quickly on that. Just remember that what Trump says
is not necessarily what happens. No, it's got a reasonable
there is a reasonable track record of things sort of
so remember we don't take everything he says literally. Now,
while that madness carries on further developments overnight, obviously quietly

(06:09):
but very noticeably, the business and economic environment in New
Zealand is improving.

Speaker 10 (06:15):
Now.

Speaker 4 (06:15):
We started the week yesterday talking about the blockbuster PMI outcome,
lots of anticipation yesterday about the potential quanella matching that
PMI with a knockout services sector excuse me index outcome. Well,
it was positive, but not quite the ball out of
the park outcome. The BNSAID Business U Zealand Performance of
Services Index printed at fifty point six, a lift of

(06:39):
two point six points and in expansion territory. Now very
encouraging to see the lift, but confirming that there are
still some sort of headwinds I think in that services sector.
So it lifted from forty eight in May and forty
eight point nine in April, so it's above fifty for
the first time since January. Now the key point here, Mike,
is that services includes those sexes exposed to the strength

(07:02):
of discretionary spending. That strength is related to consumers directing
more or less spending two essentials things like food and fuel. Now,
if tho'se a cheaper people have more discretionary dollars if
they're more expense if they don't, and that's things like
hospitality and entertainment. Well, we really need to see a
combination of an easing in the cost of living pressures
and a lift in consumer confidence, and I think those

(07:24):
two will probably go hand in hand.

Speaker 11 (07:26):
Just looking at the sub indexes.

Speaker 4 (07:28):
A good sign in the new orders it's at fifty three,
the employment sub index still below fifty, and I have
to point out that the services employment sub index has
been below fifty now for thirty one consecutive months, and
I think Osaire, it's important to consider context.

Speaker 11 (07:45):
You know, we had this.

Speaker 4 (07:46):
Brief flirtation of the services PMI above fifty in December
last year, in January this year, you've got to go
back to early twenty twenty four to find another month
above fifty. So tough times for the services sect to
have been basically been a feature of part of our
economy for two and a half years. I mean, the
long term average is fifty two point seven. So here's

(08:07):
the thing, Mike. If we hold above fifty, if we
can knock a couple more months of fifty out we
are really turning the corner and in a positive nod
to GDP prospects. The Composite index also moved into expansion
fifty one point two.

Speaker 11 (08:21):
I think you've got to take this as all very encouraging.

Speaker 2 (08:23):
Couldn't agree more so? How worried should we be?

Speaker 5 (08:26):
Then?

Speaker 2 (08:26):
About Fontira the nine twenty five and no Wispeac didn't move,
they're sticking at nine to fifty. But Fontira's nine twenty five.

Speaker 4 (08:31):
Yeah, Fonterra have so after that global dairy trade auction
last week, which was soft, I did suggest that the
forecast farm gate milk price could be sort of examined.
Yesterday Fonterra adjusted their forecast. They cut their farm gate
forecasts pay it by fifty cents of kilogram milk solids.
That reflected softer demand lifting in global supply. So it's
now nine dollars twenty five a kilogram milk solids.

Speaker 11 (08:51):
But look at the.

Speaker 4 (08:52):
Range mic, your range is eight dollars to ten dollars fifty.

Speaker 11 (08:55):
It's still very wide. There's still lots of uncertainty. Of
your head. It was nine dollars seventy five previously.

Speaker 4 (09:01):
Global dairy trade prices have fallen eleven percent across what
they call the reference products. I noted in there there
was in the statement a reference to the expected al
Nino weather pattern which could impact on global supply. Now
my understanding is that the al Nino would potentially reduce
supply out of New Zilm that could see higher prices,
the conundrum of courses got less to sell, so not

(09:22):
necessarily a good thing.

Speaker 2 (09:23):
But also we don't know now what about this Channel thing.
Has this come out of nowhere or not?

Speaker 4 (09:28):
It's been bubbling away for a while, but maybe but
we've had a little twist so on the agrifront still,
how about some homegrown fertilizer so insects. Announcement yesterday from
Channel Infrastructure, Remember they operate the fuel terminal up at
Marsden Point. The announcement referred to the redevelopment of its
Marsden Point sort of area project and a proposed biorefinery.
Now this has been in development for a while, so

(09:50):
the bio finding redevelopment. There's a consortium involved in that.
So it's not just Channel. You've got a New Zealand quantists.
I think Amz's in there as well. The scope of
the redevelopment has been and to include the production of fertilizer.
You're also also going to have biodiesel sustainable aviation fluid.
Now it will strengthen our relying resilience, I think too,

(10:10):
against those sort of global supply chain disruptions, which is
very topical right at the moment. But more importantly, Mike,
you've got over a billion dollars of private sector investment here,
which is a real bonus and a real feather.

Speaker 11 (10:21):
In the cap for Northland. So I just think that's
a great story.

Speaker 2 (10:24):
It is a good story.

Speaker 4 (10:25):
What are the numbers, Well, everything's under a little bit
of pressure, no guessing why. The Dale Jones is down
one hundred and eighty six points, so that's about a
third of a percent, fifty two thousand, four hundred and
forty eight. The S and P five hundred down fifty
two points points, sixty nine percent seventy five two two.
The NASTAG is down a little bit more one and
a half percent three hundred ninety eight points twenty five thousand,

(10:45):
eight hundred and eighty three overnight forty one hundred barely
moved ten thousand, four hundred and ninety eight. The Nike
at Swinging around a fair bed lost one point nine
percent last night, sixty seven thousand, two hundred and forty two.
That's down one thousand, three hundred and fifteen points two percent.
Fall in the Shanghai composite down eighty two points three
nine one three.

Speaker 11 (11:04):
The Aussis yesterday gained two eight eight.

Speaker 4 (11:06):
We lost point four to five percent on the n
s next fifteen thirteen thy seven hundred and twenty three
key we dollar zero point five to seven, five to
three against the US point eight three one two Ossie
point five oh five too, Euro point four to three
oh seven pounds ninety three point four to seven. Japanese
yen gold has dripped below for the four thousand dollar
mark three thousand, nine hundred and ninety two US dollars

(11:28):
in Brent crude.

Speaker 11 (11:29):
Yeah, not good news here.

Speaker 4 (11:30):
Mike last I checked eighty two dollars and fifty eight cents.
That's going to be volatile until we discover what is
actually happening in the Gulf.

Speaker 2 (11:38):
Quite correct to have a good one. Andrew Keller, He's
share and partners OSC. You can Switzerland overnight a services
trade agreement that they reckon all add about ten to
eleven billion dollars worth of exports to both country separate
agreement to allow British travelers to use Swiss e gates,
So that we pleased about that, because moving around Europe
at times electronically is a bit of a problem at
the moment, and that that gull ndp mp dthing, the merger,

(12:02):
the Sheridan family, et cetera. That's going that's all going
ahead and that's sort of got signed off yesterday. So
you may notice that next time you run filling up
with your expensive petrol. Sex twenty one and a half
your News Talks.

Speaker 1 (12:17):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at Me.

Speaker 2 (12:24):
Got proof of life yesterday from Mitch McConnell. You remember
he's the eighty four year old serving arts last term
in the Senate. Never knows where's Mitch? And how come
he's not telling anybody anyway? Put a photo of himself
out and I got to say, he didn't look that well.
I mean, it's just like okay, anyway, he fell over,
he didn't break anything, he didn't have a heart attack,

(12:44):
he didn't have a stroke, He hasn't got any tumors,
hasn't got any hemorrhages. He was briefly unconscious though, so
they whipped him off to the hospital and while he
was in hospital he got pneumonia. So he's slowly I
don't know, Sex twenty five trending.

Speaker 1 (12:58):
Now we're the humans. Where else your home of winter essentials?

Speaker 2 (13:09):
This takes me back to school serve music. We studied
fingles Cave, Mendelssohn's Fingles Cave, the Hebrides Oberture, also Beethoven's
Third Piano Concerto, Too Boo, among others. Anyway, this isn't
either of those. It's Sir Anthony Hopkins. That's right, you
heard me correct. At eighty eight he signed with Decca

(13:31):
Decca Classics. This is his first single. Do they have
singles in the classical music? Well, I don't think they
have singles anyway. It's called Bracken Road. He originally composed
it back in nineteen sixty three. He was at the
Liverpool Playhouse Music and signing a record deal was his
first desire at the time because he was, like they
all were struggling at the time. This piece is inspired

(13:52):
by his childhood memories of Margham, South Wales, and the streets,
the meadows, the farmland, and the mountains that surrounded his
family home in the forties. And the good news is
there's more where that came from. He's releasing his debut
album called Life is a Dream in the later part
of August. We made up of all the songs he's

(14:14):
composed over the last six decades. Well, they're not songs,
are they saying songs require lyrics. There are no lyrics.
By the way, we did Okay kid as his autobiography.
I read that over the summer. It's not to be
recommended to be blunt. It was one of those autobiographies.
I thought, this guy must have the most interesting life,

(14:35):
and it sort of has been. But he does it,
and he writes in a way that he's not interested
in himself, and therefore the book doesn't come across particularly well.
And you think, where's all the good stuff, Sir Anthony,
and it's it's a strange book. But you know, if
you love them, we did Okay. There's this book, and
this is his music. The news is next here on

(14:58):
the concert program.

Speaker 1 (15:00):
Opinionated, Informed, un Apologetic, The Mic Hosking, Breakfast with a Vita, Retirement, Communities, Life,
your way news Dogs dead.

Speaker 2 (15:08):
B Busfield Dive tomorrow and France. But the celebration's going
to be a little bit different given with them in
the forecast. So we'll talk to the captain about that.
Shortly twenty three minutes away from seven Booster air travel
in this country. So Private Jets a go Swiss company
Private Port, have chosen Auckland as the Asia Pacific headquarters.
Now the idea is to grow executive jet services across
the country as well as Australia and the Pacific. Shar

(15:29):
Islam is so capital CEO and as well as shar morning.

Speaker 12 (15:33):
Good morning Mike, how are you very well?

Speaker 2 (15:35):
Indeed, what's your company's link with Private Port? So is
this a co.

Speaker 12 (15:38):
Lab It is a call ob yes. So we've got
airn Apier based out of Napier where we've got our
own jet handling facility. So as part of the joint venu,
we're contributing our facility down in Napier and helping them
manage Auckland and the later Asia pac region.

Speaker 2 (15:53):
Why did they choose Auckland, Well.

Speaker 12 (15:56):
They already had a facility in Auckland and I think
Auckland being the gateway to New Zealand just made sense.
Most number of private jets that come into New Zealand
usually come through Auckland. Most of them end up staying
in Auckland, but then some of them obviously go further
down the country as well to enjoy the tourist sides
or business deals. So Auckland just made sense from that
point of view.

Speaker 2 (16:15):
Can you scale though the Asia Pacific region, the Australia part,
the Pacific part from Auckland? Does that make sense for them?

Speaker 12 (16:22):
It does, And look as we continue to grow into
Australia and the Pacific Islands, will obviously set up a
presence in those locations as well. But considering that we've
got two locations in New Zealand at the moment, between
Auckland and Napier, it just made sense to start from here.

Speaker 2 (16:36):
So how much of this is about people bringing their
own planes versus people who lease or hire planes for
specific journeys and trips.

Speaker 12 (16:44):
It's a bit of a mixed bag. I mean, there's
a lot of ultra high networks overseas who do have
their own aircraft so they bring them in and then
there is a big chunk of people like the big
corporates you know tech CEOs based out of the US
or Europe who end up chartering from the big charter
companies and come across from those what do you.

Speaker 2 (17:00):
See the growth rate being potentially I mean, we are
we an area of the world where this sort of
thing is going to, you know, exponentially increase or not.

Speaker 12 (17:08):
It's not going to be exponential growth in this market.
I think even globally it's not going to be exponential.
But you know in New Zealand or the Asia pac region,
we're looking at seven percent. I think the biggest thing
we've seen over the last probably three to four years
is that there is a growing number of people who
are starting to come to New Zealand mixed back again
anywhere from tourism to business deals. So I think it's

(17:29):
a good thing for the country, it's a good thing
for the region, and we're hoping that we can continue
to service these aircraft.

Speaker 2 (17:34):
Absolutely, I was going to ask how much is leisure
how much is business?

Speaker 12 (17:38):
If I had to guess off the top of my head,
I'd say fifty to fifty. But Mike, as you know,
a lot of these people coming on these aircraft, even
if they are here for leisure, they are always thinking
about business.

Speaker 2 (17:47):
That's true because it exploded post COVID, didn't it. And
I mean I'm talking globally. It became a thing post COVID,
and is that carried on or not?

Speaker 12 (17:57):
It has for the most part. I mean, you know,
beginning of this year we saw a bit of reduction
due to the Iran War and the old crisis, but
we're seeing it start to pick up again. I think
New Zand again, being in this part of the world,
away from a lot of that conflict, it is an
appealing part of the country of the world where people
do come to. And again I think at a global scale,

(18:17):
New Zealand, as you know, is pushing above its way,
so I think that helps us as well.

Speaker 2 (18:21):
Somebody says, here, what does it cost for a family
of five to fly Hamilton to cross Church on a
private jet.

Speaker 12 (18:28):
Hamilton the christ As you're looking at probably anywhere between
twenty to thirty thousand on a private jet.

Speaker 2 (18:32):
So twenty to thirty thousand divided by five, seeing you've
got five people on there.

Speaker 12 (18:38):
White people on there. So I mean we're thanks to
Air New Zland and what's happening with the ticket prices,
We're not far from commercial travel domestically if you think
about it. But again I think the competition is not
commercial travel. Essence of private travel is for businesses. It's
an efficiency and a productivity tool. You know, we've had

(18:58):
business corporates here in New Zland who can do three
to four different cities both in the North and South
Islands within a day, which just wouldn't be possible with
commercial travel. So I think it's it's less about luxury,
it's more about productivity and efficiency. From where we see it.

Speaker 2 (19:12):
Very good point and I go, I wish you the best.
Shah Aslam is with so capital the reason nothing wrong
with the text. But I had a friend of ours
came across private the other day. They're moving to New Zealand.
They brought their pet, so they didn't want to put
their pet in a plane in a crate. So you can.
They've got a service in Australia whereby you click on too.

(19:32):
I don't want what it's called fly your pet anyway,
So you go on it and they say next flight
leaves this Tuesday, and it leaves from X and you
can save a lot of money doing this. I mean
it's about fifty thousand dollars to come across the Tasman.
But if you do it another way, say they had
to drive from Sending up to the Gold Coast because
the plane happened to be driving from the leaving from
the Gold Coast. So they drive to the Gold Coast,
threw their dog on the plane, they got on the

(19:52):
plane as well, flew across the Walkland, then had to
drive around the rest of the country. It's my private
jet story for this morning. Eighteen away from seven the.

Speaker 1 (20:02):
Mic Asking Breakfast Full Show podcast on iHeartRadio. Car It
by newstalksp.

Speaker 2 (20:09):
Something worth thinking about. If your cars five or six
years old, right, why are you still taking it back
to the dealer. Most people do it out of habit,
of course, so the warranty is long gone, but they
keep going back anyway. You're paying the dealer labor rates, right,
So assuming it's the only option, you don't really question it.
But here's the thing. Once your warranty expires, you've suddenly
got a choice. A lot of key drivers simply don't
realize that. So Midas uses modern diagnostics, trained technicians capability

(20:33):
to serve as virtually any vehicle, including the Europeans genuine
a quality after market parts depending on what suits you
needs in budget. And because Midas workshops are locally owned
and operated, you tend to actually know the person who's
working on your car. Trusted by key we Driver since
nineteen eighty eight, backed by the Midas Guarantee. The MTA
members qualified technicians of course, so the question is worth asking,

(20:53):
are you going back to the dealer because you need
to or just because you always have? So search Midas
in choice, expertise and peace of mind motory asking a
bunch of aviation stuff. One of the things I went
to in New Zealand, very good piece written in the
Herald yesterday by Kerrie Hudahanganhui, and she was saying, hey,
with this FTA thing with India, why don't we actually

(21:16):
have this idea whereby you can fly from New Zealand
direct to India. And of course I thought, not a
bad point. Last time I talked, I mentioned it on
the program yesterday, the chair of Air New Zealand said
they were looking at it. Are they still looking at it?
So we went to New Zealand. In New Zealand, so
we'll have the answer shortly.

Speaker 1 (21:31):
Fourteen to two International correspondence with ends and eye insurance,
peace of mind for New Zealand business field.

Speaker 13 (21:39):
How are you going, I'm fine, thank you, Mane.

Speaker 2 (21:42):
Now I'll get to the best deal in the weather
and all that stuff in a moment. But this coalition
of the Willingly nine EU country so the anti ballistic
capabilities mean what materially for the war is the thinking.

Speaker 14 (21:55):
Not just for the war in Ukraine but also Europe
waking up to the fact that it's different ball game now.
This is essentially what these countries have come together and
they've said, look, we've been watching Moscow fire these ballistic
missiles into Ukraine.

Speaker 13 (22:11):
This is a new game now.

Speaker 14 (22:12):
So what they're doing, these nine countries that were part
of this coalition of the willing meeting in Paris, have
got together with defense analysts, with security experts, and of
course with defense industry officials to try and push along
and put into place not just this new anti ballistic

(22:34):
missile capability, but also a whole defensive architecture. So what
they're saying is, you know, making it very clear, and
they've done this within the last hour. They've had a
press conference here in Paris. This is purely defensive, but
the game has changed they need to develop new far
more capable of I's been because of whether they're using

(22:55):
anti ballistic capability. So they're going to strengthen the continent
defensive capabilities. And we're going back to what we heard
last week. Mate, remember at NATO when they're talking about
Europe needs to stand up for herself, Europe needs to
defend its own destiny.

Speaker 13 (23:09):
And this is what they're saying. This is what they're
doing now.

Speaker 2 (23:12):
Oh go bestI all day. How different is it going
to look given all the various issues and problems and
meteorological conditions you're dealing with at the moment.

Speaker 13 (23:19):
It's going to look a lot different.

Speaker 14 (23:21):
First of all, it's going to look a lot different
because everyone's going to be out there in the middle
of a heat wave.

Speaker 13 (23:25):
We've still got these fears.

Speaker 14 (23:27):
Temperatures could well reach up to forty degrees in the
center of Paris for the parade. So despite the facts
that we've all been told to stand doors there's a
risk to our health, this parade will still go ahead.
Six six hundred soldiers, planes, vehicles, and one hundred and
ninety three horses. The other all look different is there's

(23:48):
going to be some thirty five heads of state, heads
of government also here, still staying on after this coolish
of the willing again giving that impression that Europe is
standing up. Europe is here, it is going to be
able to stand up to the new security measures that
it is facing, facing a whole new security threat, I

(24:10):
think we can say, so that's going to look different.
The other way that it's going to look different is
that usually immediately after the Bestial Day parade we have
celebrations in Paris. Not going to happen this year because
it is the tenth anniversary of the newe terror attacked,
that attack that happened on the waterfront and niece on

(24:31):
day ten years ago, eighty six dead. It's going to
be a whole day of commemorative ceremonies and then at
the end of the day there's going to be just
enormous We're going to have the President there, We're going
to have a lot of cabinet ministers there, and families
will be there on the waterfront and these remembering that
attack exactly ten years ago.

Speaker 2 (24:52):
Where are your rules out on the drinking in public places?
That they back? Give them the temperatures up.

Speaker 13 (24:56):
They're back.

Speaker 14 (24:57):
Yeah, the police have issued amand on alcohol and public places,
parks and streets. And that's because there will be a
concert in Paris tonight around the Eiffel Tower. Again, they're
just so worried, not just about the fact that your
people often drink too much, get dehydrated and it's forty
degrees and that's all. But with all these forest fires,

(25:18):
not just on the outskirts of Paris, but right across
the country. They say that, look, everyone has stretched the limit.
All the security services are stretched the limit. All the hospitals,
all the emergency rooms are actually working full out. They
really can't deal at the moment with people who get
drunk in public perhaps become dehydrated. O.

Speaker 2 (25:36):
Just what I got you. The Swiss did a deal ibernight,
the services deal with the UK, and part of it
was this this electronic entry into Europe. And I've been
reading about this. Is it hard to move around Europe
in terms of you know, in and out of airports
and stuff. Is it a shambles or not?

Speaker 15 (25:52):
Really?

Speaker 14 (25:53):
It depends which airport you come into. There is six
or seven of them, you know, this is the one
that's on the outskirts. When you come into the Shangan area,
it's not when you move within changhen six or seven
of them are absolutely a bit of a nightmare that
just the systems haven't quite worked. So you know, they
have a bit of patience. I think it's what they're
trying to do. There have been calls for them to

(26:15):
put it on hold for the summer because it's putting
turrets off, but the EU have come out.

Speaker 13 (26:19):
And said us, this thing works a few glitchers in.

Speaker 14 (26:22):
The system that really it's going to be better, easy
to move around once you're inside.

Speaker 2 (26:26):
Nice to see Catherine Catherine Field. One of the things
out of the Australia Australia announced yesterday. You know you
still need paperwork to get into Australia. It's the most
bizarre thing. I don't think we do because of our
relationship with them, but the rest of the world does,
and they've announced our changes to that yesterday. Nine minutes
away from seven.

Speaker 1 (26:44):
The mic asking, Breakfast with a Vida, Retirement, Communities, news talks.

Speaker 16 (26:48):
Head Be.

Speaker 2 (26:49):
He's got on a court cases. Trump's lost again. He's
not winning a lot these days. This is in Florida,
so he sued the irs and the judge says he's
done that for an improper purpose, to gain the appears
of judicial legitimacy for a settlement. This is Kathleen William,
Judge Kathleen William. In fact, it's so bad she's referred
Trump's lawyer to the Florida Bar. So he's in a

(27:12):
world of pain. That was this business of ten billion
dollars and they did a settlement, and the settlement was
the one point eight billion dollar law fair fund that
he would just hand out money to people who had
been egregiously treated until they dropped it because it became
so embarrassing. Meantime, a whole bunch of states attorney general's
attorneys general have filed a lawsuit against Paramount Skydarce and

(27:33):
the acquisition of Warner Brothers Discovery, which sort of in
an indirect or adjacent way affects US in this country.
So there's twelve of them from Californa, led by California,
but Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico,
New York, Oregon, and Washington. What's interesting is the Feds
have signed it off, So does a bunch of states
Trump the Feds. I mean, they're raising the same concerns

(27:56):
that will lead to higher prices, lower quality, less content,
blah blah blah. Eve when the FEDS have already signed off,
will the court overrule the Feds at a local level.
So that'll be interesting to watch five minutes away from seven.

Speaker 1 (28:07):
While the ins and the outs, it's the fizz with
business fiber take your business productivity to the next level.

Speaker 2 (28:14):
Petrol market one to watch over the next couple of days,
if not weeks. So especially diesel and Russias at play
here because they was if you look at GASBI were
running at two thirty eight this morning and we're run
at year two thirty eight. So Russia's gone and decided
to ban diesel exports, so they're the second largest exporter
of diesel on the planet. The war's the issue, of course,

(28:37):
It's put pressure on production and the drone attacks and
all their refinery so that they've got trouble, and when
they've got trouble, they close ranks. So that's up eleven
percent a barrel after that particular announcement. But they're also
coming into peak summer demand in Europe and they've got
the hurricane season coming in the US and the line
that Trump ran that their stocks were so full they

(28:57):
didn't know what to do with it. Is simply a lot.
His reserves were nowhere nar where he said they were,
So America is got an element of trouble in terms
of and of course we're out there buying from everywhere
bar the Middle East at the moment, including places like Canada,
America and Brazil. So watch the price of diesel over
the next couple of weeks. Now, services sector is Andrew

(29:19):
quite rightly drew our attention to manufacturing yesterday. Services sector today,
that's back in expansionary territory. So that's good news for
New Zealand and Sir John Ketakaster's experienced ie over run
the state of play. Serena mune On, Sir Sam Neil
and Sir Scott Dixon will be with us to explain
the big move to McLaren after eight. As The Mike

(29:42):
Hosking Breakfast continues this Tuesday morning, The.

Speaker 1 (29:47):
Mike Hosking Breakfast Fall Show podcast on iHeartRadio, Howard By
News Talks at b You're trusted home for news, sport, entertainment,
opinion and Mike give the Mic Hosking Breakfast with Defender
Trophy empic adventure, greater purpose news talks that'd be.

Speaker 2 (30:06):
Falling seven past seven. So yesterday it was manufacturing. Today
we've got the services sector back into expansion mode. We're
up from forty eight and may to a bidover fifty.
Last month, new orders the strongest category at fifty three.
Catherine Rich is Business New Zealand. Boss anders back with us. Catherine,
very good morning to you. Good morning. Touch of relief here.

Speaker 16 (30:24):
It is good news. It's it's a flicker into life,
but it really shows the economies on the path to recovery.
And we're on the right We're on the right track
in terms of the direction.

Speaker 2 (30:33):
Do you place a lot of weight on the new
water side of the equation that came into manufacturing yesterday.
Strongest subcategory new orders. New orders is the future, isn't it?

Speaker 12 (30:42):
Yes?

Speaker 17 (30:42):
It is.

Speaker 16 (30:42):
And what we like about the two surveys, the PMI
and the PSI is that they're one of the earliest
indicators of how the economy is going. So new orders
is a really good indicator. Businesses are saying that, you know,
customers are starting to part with some of their money.
Still some fragility though when it comes to some of
the discretionary spends for consumers and retail, hospitality, caspes, etc.

(31:08):
But the results really positive and so I think it's
just another part of shows we're on the path of recovery.

Speaker 2 (31:16):
Manufacturing looks really solid. Service is not quite as much.
Is there more in services? Where this came from? Do
you think what's your vibe?

Speaker 16 (31:24):
Well, the services result is important because of course it's
seventy percent of our economy. But the manufacturing figure, which
was the highest in five years, showed that for manufacturers
it was one of the strongest results they've had, so
that was positive. Taken together, it adds up to a
pretty positive outlook for the economy. But of course things

(31:48):
change dramatically. A lot of what New Zealand's facing we
can't influence straight to holl Moves etc. But with what
we've got in the last month, very very encouraging.

Speaker 2 (31:59):
Will take it nice to get your insighte Catherine Rich
who's the business you see on CEO nine minutes past seven?
So how do we read the study of the economy
right now? With the RB last week? Of course, in
part lifting that cash rate, do not forget this because
they see growth coming through And then you've got your
manufacturing and services data as well, and that's before you
get the weekends India FDA signing. So John Keys with
us on this Good morning to you, Good morning Mikey.

(32:21):
If you're running the country in election year, does this
give you a story economically to tell?

Speaker 11 (32:27):
Yeah?

Speaker 15 (32:27):
You no, absolutely. Look, I think if you've got a
cross section of people on your show this morning and
said how things going, it would depend a lot. If
they're in construction, real estate, retail, hospo, the protea all
feels pretty rough, it's tough, it's bad. If I'm in farming, horticulture, manufacturing, exporting, tourism,
it feels good. If I live in Auckland, Wellington, it's

(32:50):
worse than the GFC. If I live in the South
Island of Provincial New Zealand, it's great. Right. So it
really does depend. But what that shows you is that
we're in me any kind of speed, many varied economy,
even for a relatively small global economy. And you can
see underneath all of these things where the optimism is coming.
And I think you and Andrew Kalla are doing a pretty

(33:11):
good job. I think are pointing out every morning where
there are some green shoots and bright light. But this
is one way to think about it, right. What makes
the economy go faster is when they can spend money.
Consumers can spend money, that's what matters. So think about
housing just for one second. We are a deeply conservative
nation and eighty percent of all mortgages in New Zealand

(33:32):
are borrowed on a fixed rate and they usually one
to two years. So that's the way the banks look
at it. And here are the top line stats of
housing in New Zealand. A third of people own a
home with a mortgage, a third of people own a
home without a mortgage, and a third of people rent.
So of the third of the people that had a
mortgage back two years ago start of twenty four, their

(33:55):
average borrowing rate was seven percent today it's four point
eighty five. And in fact, actually they're borrowing in the
one year is probably about four and a half percent.
So my point to you would be there's a lot
more cash starting to slosh around. And if you ask
the banks, ask them what's happening with their prepayments, Like
our consumer's paying off their mortgage faster than we would

(34:17):
be demanding of them. The answer is over half of
them are, So there's a bit of Look it's fragile,
and if you're in construction and Auckland trying to sell
a townhouse, it's horrible. It's the worst it's been since
in the eighties of real estate. But it is going
to come right and all of this picture is growing.
That's what i'd say.

Speaker 2 (34:37):
What do you place how much weight do you place
on the d f TA? I mean you were around
at a time when you couldn't quite get it across
the line. You would argue, dairy, I get it. All
that sort of stuff. It's across the line. Now materially
does it help?

Speaker 15 (34:48):
Yeah, I look, I tell you what people will pose FTAs. Look,
people pose things, they find things to pose.

Speaker 14 (34:54):
You know.

Speaker 15 (34:55):
My favorite I was in parliament was you know, there
wasn't enough enough consultation, right, And I used to say
to people, you know what, consultation doesn't mean agreement. I
consulted with you, I just didn't agree with you, right.
And the point is like, oh, these people get up
and say, oh, oh, there's twenty billion dollars that we've

(35:15):
got on the stove the next whatever. As a theoretical goal,
here's a clue I reckon if you're opposed to the STA,
you're a clown and you don't have much knowledge about economics,
because here are the economics. They are one point four
billion people, we are five million. They have enormous We're
going into their market. We got rid of all of

(35:37):
ours under the Douglas Longey government. We're giving up nothing.
They might not be giving up everything. He's of course,
it would be so much better if the head better
dairy provisions than the likes. But actually they are giving
up a lot. And will it get better over time? Yes.
And if you close your eyes and wake up in
ten or fifteen years time, you name for me the

(35:57):
superpowers in the world, because I can do it for you.
Right now the United States, China, and India. They are
growing at seven percent a year in India, if not more.
You tell me that we don't want to hitch ourselves
to that wagon.

Speaker 2 (36:09):
Yeah, exactly, good to see. I appreciate it. So John Keith,
former Prime Minister, thirteen minutes past seven lasking last time
Sam Neil was on the program.

Speaker 15 (36:17):
I overthink to the people I work with.

Speaker 6 (36:19):
You know the side of importance, you know the region
that we grow our grapes in. But I've got people
that have been with me for twenty years and we
know each other really well. We trust each other and
they do the heavy lifting and I overthink to them.

Speaker 2 (36:37):
More on the life of Sir Sam Neil in just
a moment thirteen past plenty of reaction to John Keel.
Come back to then the moment Richard Allen. By the way,
the new boss of Fontira. Are the news out yesterday
They cut the milk price a little bit, so we'll
get the insight into what's going on in the farm.
Shortly sixteen past seven the passing that of Sir Sam
Neil seemed to come out of the blue last night.
Are given he had declared himself, of course, cancer free.

(36:57):
Just recently from Sleeping Dogs to Jurassic Parker a lot
of box office in between. One of the country's great
acting exports. That Ian Mune is with us. Ian morning
to you, Good morning there. When did you last see him?

Speaker 17 (37:11):
A couple of months ago we had dinner when I
took him for a lift back to his hotel after
dinner and I let up a smoke in the car.
Sam was amazed. He said, I haven't seen anybody smoking
the car. For years, he never smoked himself, but he

(37:34):
did on that occasion, simply to celebrate my smoking in
my own car.

Speaker 2 (37:40):
Fair enough to so you would go back, I mean,
I'm guessing, but you'd go back what fifty years?

Speaker 17 (37:45):
Oh yeah, yep, fifty plus.

Speaker 2 (37:48):
And when you met him first? What was it for?
Was it the.

Speaker 17 (37:54):
I had met him Dani and Wellington. He was at
the National Film and making doc entries, and then Roger
cast him in Sleeping Dogs, and I learned an awful
lot working with Sam. I thought he was showing no emotion,

(38:16):
and I thought, okay, he's pretty, but put a performance, please.
And I watched him in one scene where he is
sitting on the bed in his motel room and he's
expected to press the alarm at midnight so that the
rebels can come in and murder all the American soldiers.

Speaker 15 (38:38):
And he doesn't want to do it.

Speaker 17 (38:40):
He hates murder and violence. And then he decides and
he does. He gets up and he hits the the
alarm button. And I watched him do that scene and thought, well,
come on, Sam. I couldn't see anything. But the next
day I looked at the rushers totally different On screen.

(39:03):
I saw him change his mind, which I didn't see
in life.

Speaker 2 (39:08):
Easy to say, easy to see with benefit of hindsight.
But at that time, did you see he was going
places that there was a talent here?

Speaker 17 (39:17):
Oh God, yes, oh y. He hated performance, He hated
being seen to act, and that was part of his appeal.
Whenever anybody went to see Sam Neuel film, they knew
they were getting the truth.

Speaker 2 (39:40):
Everyone speaks well of them. There's not a I mean,
he just seems like a genuinely nice guy. Everybody genuinely liked,
if not loved them.

Speaker 17 (39:47):
Yeah, pretty much. He had a wicked sense of humor
and he never cracked a smile, so he had to
really pay attention to know whether he was in insulting you,
complimenting you, or just making a joke.

Speaker 2 (40:04):
Great insight, Surien, appreciate time very much, Surien Mune. In
the American media this morning, they referred to him as Jurassic.
Of course, in the UK, it's a peaky blinder story
and of course sleeping dogs and will be people. I
guess from this part of the world. Tony Collette, I
love you Da Sam, you hero, you legend, you sweetheart,
are great friend. You are already missed so very much,

(40:26):
which is good. Ari Grant Richard E. Grant guided and
helped me through a very difficult time in my life
as an officer and a gentleman in the truest sense.
And Colin trevorro who was a director in Jurassic I'll
remember him for his tranquility, his love of wine, and
for the calm, assuredness he brought to his characters. It's
not every lifetime you get to befriend a legend.

Speaker 1 (40:51):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talk Zippy.

Speaker 2 (40:59):
Now you know the story of if you're a sales
leader under pressure to win that profitable new business, are
those tenders, those RFPs, they're the key to your success.
But not just any tender or RFP. You want the
profitable customers, of course, they meant that. That means sort
of carefully selecting your target prospects, investing more creative time
and that response increasing those odds of winning without the
pain of responding. So you can make your own luck

(41:20):
by focusing on the quality. That's the key, the quality
of your response, not with last minute rehash content, but
with the consistent, cohesive response, So one Net they're going
to help you win these profitable customers. Sister company Grizzly AI,
they've got this safe and secure software for risk averse
businesses that automates your tender an RFP process does it
all with the magic of AI. Grizzlies software means you

(41:42):
can create the winning proposals faster, you do it at
a lower cost and with a much higher success rate.
So if you need to win new profitable with business,
and who doesn't one net, dot co, dot mz. And
once you go there one net, dot Co, dot MZ,
you get a complementary consultation to assess how your business
can win more RFPs wor Grizzly. So you got your
one Net, you got Iggersly, you got yourself a powerful
team for increasing your profitability Paski, Fiday, seven twenty four. Yeah,

(42:05):
maybe India said it better than we did at the
end of the day. But to be clear, here's what
India said. The five thousand Kiwi visas as part of
our FTA are about mobility, not migration. Immigration and mobility
of skilled manpower are two different issues altogether. Now, Chief
Stirr Winston Peters claims the Indians were not aware of

(42:26):
the limits placed on the temporary visas. It would appear
he's wrong. Time will prove the usher other issue wrong
as well. This petty little scrap we've had over the
twenty billion investment for a country who was famous for
free trade. What a sad and sorry old tale that's
been to watch the latest version unfold. Quite possibly is
a reflection I was thinking to himself yesterday. Quite possibly
a reflection of the times in which we live. You know,

(42:47):
a stand has to be taken, and the stand has
to be These days, black are white, up or down,
right or wrong. Nuance no longer a currency. Even Chris Hipkins,
who should be proud of his history of his own
party's role in free trade, couldn't help himself with his
eyes wide open common it's the day after the deal
was signed. The deal he was dragged, kicking and screaming
into supporting, despite the fact that anyone with their head
screwed on really couldn't object. Free trade lest we forget,

(43:11):
and some clearly have, is about goodwill. It's not a con,
it's not a scam. You're not looking to get one
over the other person. You've just done a deal. With
You're on the same team, having negotiated around your differences.
In this case Dairy, you want the best for each other,
You want to grow and prosper together. You are looking
to the other side to help you out. And yet

(43:32):
in the indiar FDA like none I've seen before, a
Q quickly formed full of people looking to pick holes,
make stories up, confuse and misdirect, or just be straight
up and down racist. In a world where Trump in
particular is trying to destabilize the order of business, you
would have hoped this one sailed through and that it
would have got a bit more patriotism behind it than
it did. This as a nation is what we do.

(43:54):
Free trade is our calling card. What a weird old
thing we have among us, so many who would rather
watch us and quite possibly revel in our failure. Asking Mike,
can we have JK back? Well, we get him on
the program periodically. You seem to like it, Mike. JK
just called Winston a clown. Yes he did. I believe
he did. Bring back JK. Bring back John Key, great interview. Gee,

(44:16):
Sir John K. John Key are one of the best pms.
Mike Moore, John Key. Please yeah, fair enough I don't
have enough time at the moment. But David Seymour, in
his role as acting Prime Minister yesterday gave a dissertation
on the business of having more supermarkets in the country.
We all like a free market and we all like
more competition. Now the problem is, as luck would have it,
he was spooking the rules we've changed in this country.

(44:38):
In other words, we're rolling out the red carpet. I
don't think yesterday actually had any new news about it.
It was just a reiteration of the rules we've changed
in this country. In other words, have we pulled a
lot of leavers to try and get some more competition
in the supermarket business? Yes, we have. Now the problem is,
and I've argued this all along, is just because you
make it easier to come doesn't mean they will. And

(44:59):
our biggest p problem it's not the red carpet or
the red tape. It is the fact there's only five
million of us. And as luck would have it, I
haven't read an article last week about all they now.
Aldi was one of those companies who are allegedly going
to come and set up shop. In fact, Nicola Will
apparently ranged them personally and invited them here, So more
on that after the news.

Speaker 1 (45:18):
The newsmakers and the personalities, the big names talk to Mike,
the mic Hosking breakfast with Bailey's real Estate, your local
experts with national and global reach used togs Head be.

Speaker 2 (45:30):
Twenty three minutes away from its Scott Dixon the big
move to McLaren next year, of course, so he's talking
for the first time this morning, so we look forward
to the catch up after right meantime, back here to
the farm, where a supply of milk product has presented
an issue in terms of demand. Yesterday, Fontira cubs farmgate
forecast new range for twenty six twenty seven is eight
to ten fifty the midpoint down fifty to nine twenty five.

(45:51):
Richard Allen is Fonterra's new Ish CEO. And as well
as very good morning to you, worry Mike, and congratulations
on the job and all that sort of stuff. So fast, good,
you haven't cocked anything up so far.

Speaker 18 (46:02):
I'm not the judge of that, but you know, so fast,
so good, Thank you.

Speaker 2 (46:04):
Very good. So what literally take us into the minds
of the room where this happens.

Speaker 11 (46:09):
Why nine p.

Speaker 2 (46:10):
Fifty nine, twenty five and who pulls the trigger.

Speaker 16 (46:13):
Yeah.

Speaker 18 (46:13):
Look, we've seen prices decline on the Global Dairy Trade
Action about eleven percent since since we came out with
the opening forecast in May. That's largely off the back
of two things. We have seen demand softer than we're
probably anticipating. But also right around the world, including here
in New Zealand, we've seen very strong milk supply growth
over the last over the last twelve to eighteen months,

(46:34):
so we had a bumper season last year here, just
over four percent growth. US Europe also growing strongly, so
that just puts more product into the market. Overall demand
is still still there, It's just not quite as strong
as we thought it was going to be.

Speaker 2 (46:46):
So what's going to change demand or supply? Well both,
probably a bit of both.

Speaker 18 (46:51):
Dairy does have the tendency to overreact a little bit,
so we will probably see supply come off. We're already
starting to see that in terms of some of the
heat impacts and the in EU and the US starting
to bring milk off. Demand you know, was starting to
look quite good. Obviously, the disruption in the Middle East
impacts consumer sentiment. We have started to see that flow

(47:13):
through a little bit but overall we're still in a
pretty good position.

Speaker 2 (47:16):
Okay, so Westpac still at nine point fifty and not changing.
How close a call is yours or are they wrong?

Speaker 18 (47:22):
Look, I mean it's very early in the season and
so we're probably all wrong. I'd say, you know, there's
a lot of water to go into the bridge in
terms of milk to be sold across the season. Every
dairy season I've been in there have been twisted turns
that we didn't quite expect. So there will be twisted
turns this season. I think we will be somewhere. You know,
where we believe we are today is our best view.

(47:44):
But again, you know, it's a volatile word out there.

Speaker 2 (47:46):
When you talk about El Nino. How do you get
your head around that? Given we don't know.

Speaker 18 (47:50):
We don't know absolutely not. I think where we sort
of come at it from is our farmers are much
better prepared in terms of their preparations for out on
farm than they were probably ten fifteen years ago, so
they plan for dry summers. In parts of the country
we have more protection against that, you know, areas like
Canterbury where we have a lot of irrogation, then those

(48:11):
farmers are much more protected against you know, we're the patterns,
but if it comes, I'm sure our farmers all have
plans in place. There's pretty good supplementary feed on farm.
You know, we had a good growing season last year.
But again you just got to you've got to take
what comes and roll with it.

Speaker 2 (48:25):
So what do you worry about more the heat of
the northern hemisphere or the heat of us.

Speaker 18 (48:31):
Definitely I worry about our farmers more. You know, the
climatic conditions in New Zealand do have an impact on
our farmers, have an impact on their ability to produce.
So that's what we think a lot about. But again,
our job is to pick up the milk and make
the most money from it. You know, our farmer's roll
is to their and run their own farm.

Speaker 2 (48:46):
And what's the equation around what may happen weather wise
versus the price going up through lack of supply versus
what you lose through lack of production.

Speaker 18 (48:57):
Look, it all comes, It all comes into the max
at the minute. Where you know, we don't sort of
take fixed point prices. We take scenarios, So we look
at multiple different ways things could play out and we
sort of adjust our tactics in line with that, we
see a relatively strong milk season here in New Zealand
again next year, so we're planning on good milk in

(49:18):
New Zealand next year. If that changes for the climate,
then then we'll you know, we're pretty good at adjusting,
you know, out production and what we make and who
we sell to alter the.

Speaker 2 (49:27):
Bas So that's in the here and now. What about
the bigger picture, which is the protein story for example,
and the whole world wants protein and I assume that
doesn't change no matter what. So the big picture is
still good. Yes, absolutely.

Speaker 18 (49:39):
You know, in my sort of nineteen years in the company,
I've never been excited. Consumers around the world want the
way we make dairy. They want natural products, they want
grass fed products, they want you know, the protein and
the fat that comes off our dairy farms. So look,
we're sitting in a good position. We're investing behind that,
both in terms of product innovation and also our asset

(49:59):
based to make sure we keep up with the right
type of products so we can access the most valuable
demand around the world. You know, there will be ups
and downs in the market for sure, but we're we're
looking to build a business that is profitable through cycle.

Speaker 2 (50:12):
How big a deal is China and them getting on
board or back on board?

Speaker 18 (50:16):
Oh, China's massive for us, right, They're about a third
of our business, it is. They are a very very
important market for us. They will continue to be an
important market for us. They're still going relatively well, you know,
you're on your inputs were up on over the last
twelve months. Their economy is maybe kicking back intogear. You know,
I think they just reported four and a half percent
GDP growth for the twelve months, So four and a

(50:37):
half percent. Most of us would take that in terms
of GDP. So they're going all right. They're a big
important market for us, both from a food service and ingredients,
and we've got some great customers.

Speaker 2 (50:46):
How edgoh L, are you as a cooperative slash business
to take somebody's milk and do something well with it
and better than somebody else.

Speaker 18 (50:57):
I think we're getting a lot better at it, you know.
I think you know, COVID taught us a lot in
terms of needing to be agile and flexible. You know,
overnight markets would shut off, you know, supply chain would
shut down, and then we've had you know, obviously the
various supply chain crises that we've had over the last
five years, whether it be ships running aground, ships running
into bridges, was you know, you name it, we've kind
of had it. So we're getting much better. And this

(51:20):
is you know, when we talk about innovation and we
talk about investment, our job is to build that optionality
in our asset base so that when demand changes, when
prices changed, when the markets change, we have the ability
to change with it and ensure that we're maximizing value
for our farmers.

Speaker 2 (51:35):
Okay, so what concerns me, and I've talked about it
with Miles a lot, is this and it's eight seventy
nine currently break evens eight dollars seventy nine. You look
at the history of milk prices in this country, it's
not often above eight. So what is there something fundamentally
wrong with debt? There's too much of.

Speaker 18 (51:53):
It, I think, I mean our farmers that there's been
a huge amount of debt repaid over the last sort
of five to six years. You know, it is important
when you think about a cooperative, you've got to think
about debt in the widest sense, not just debt on
farm but also debt in the co op and the
co ops in great shape. You know, our gearing ratio
is now below twenty percent, which means our farmers can
ensure that the co opper is strong, it can go

(52:15):
through cycle that will go through the ups and downs
on farm. You know, there has been a massive focus
from our farmers but also from the banks and ensuring
that principle is getting repaid. And our farmers are in
a much stronger position I'd say that they were ten
years ago and a lot of them now looking to
you know, how do they expand how do they grow?
How do they continue to do what they do best?

Speaker 2 (52:35):
Okay, so information you would describe right here right now
as an industry as what good, bullish, optimistic.

Speaker 18 (52:43):
We're in a great shape. We're in a great shape.
We make a great product, a product that more and
more consumers around the world want to eat. The way
we make the areas special you know, Sunschina, rain and
so yeah, for us, we're looking good. But we can't
stand still, right you know, it's a very competitive word
out there. Things are moving very fast. So our job,
you know, as a management team is stay focused, keep

(53:03):
keep innovating, keep investing for new value. Growth and keep
getting get our milk out to the world.

Speaker 2 (53:09):
Appreciate your time. Good to see you.

Speaker 10 (53:10):
Thank you.

Speaker 2 (53:10):
Maut Richard all on the head of Fontira sixteen too.

Speaker 1 (53:14):
The Vike Asking Breakfast Full Show podcast on iHeartRadio now
ad By News Talks.

Speaker 2 (53:19):
It'd be right, oh thirteen away from it. So I
referenced to aviation yesterday. It's it's it's it's something we're
going to deal with shortly. The Western Sydney International Airport
it opens to US early next year. But yesterday two
pm Quantus A three two one touchdown, first plane to
touchdown at Western Sydney Airport. You don't get slowed down,

(53:40):
you don't get sequenced. We didn't experience a holding pattern.
It was a cargo playing Domestic cargo flights formally begin
July twenty seven, passengers due three months later. But that's
domestic passengers. Internationals which is US ANDY in New Zealand.
They've got a slot out in Western Sydney, so you'll
be landing there as of twenty twenty seven. But that
opened officially yesterday. Then Kerr Huda Hanganui, who is the

(54:02):
head of Auckland Airport, wrote a very solid piece in
the paper yesterday and the Herald yesterday. India is New
Zealand's next great trade story. It is by any measure,
New Zealand Inc. At its most ambitious, And I thought
that was a nice way of putting it. It is,
by any measure, New Zealand Inc. At its most ambitious.

(54:22):
There is, though, she writes, a gap in the story,
and it seems incongruous to me that and maybe the
stuff going on behind the scenes that I don't know,
but it seems incongruous to me that we've signed one
of our biggest ever trade deals and you still literally
cannot get on a plane in New Zealand fly directly
to India or vice versa. And not just about the FTA.

(54:42):
Have a look at who the students are, the international
students in this country, and they come largely from a
couple of countries. One's called China, one's called India. Can
you fly direct to China? My words, you can, and
by choosing a number of different airlines. So look at
the stark contrast between the aviational transportation links between New
Zealand and China and New Zealand in India. India, she writes,
is now New Zealand's fifth largest international market by passenger volume. Well,

(55:05):
how's that possible? The answer is because you've got to
come through Singapore generally, not always, but generally. How mad's
that overtake the Indian's overtaken the United Kingdom? For goodness sake,
Indian New Zealand travel corridor has grown ninety one percent
in ten years. So something that's growing ninety one percent,
why has no one at any point gone tell you

(55:27):
what I reckon? It'd be quite good if we could
fly their direct knowing full well that one of the
great aviation tricks is the point A to point B thing.
If you can put somebody on a plane at point
A and they get to their destination at point B
instead of having to go through A point one, you're
going to increase traffic by about thirty three percent. And
yet we've not done it. Now, Air India and indig

(55:49):
need to wait for delivery of the right type of aircraft.
They need the bigger A three fifties. They don't have them.
New Zealand is going to need to work hard to
stay on the radar of airlines. So read the whole thing.
She makes a lot of sense. So why haven't we
done anything? Answer in a moment nine to eight the Mike.

Speaker 1 (56:08):
Hosking Breakfast with Defender Trophy Newstalk sa'd.

Speaker 2 (56:11):
Be well, Mike, it's beyond a New Zealand. Unfortunately, we've
been to India three times in the last four years.
Twelve hours auckland A Kuala Lumpa, then five to Delhi,
four to Chennai. If Air New Zealand wanted to do it,
they'd need a seven eighty seven. Just not enough of them.
Well that'll be fixed. I mean, there's nothing stopping you
ordering a plane by the way. I mean you can
future proof and that's what Alines is supposed to be doing.
But you're right directed to be a fifteen to sixteen

(56:33):
hour trip, but they do it to New York, so
it's not undoable anyway. In New Zealand say officially we
haven't submitted an application for joint venture authorization. They signed
an MoU were there India in March of twenty five
and since then, seemingly I haven't done a lot. They've
implemented a codeshare agreement to provide customers with more travel options.

(56:56):
India's an exciting market for New Zealand, was not that
exciting obviously, as because if it's so exciting, you'd do
something about it now exploring the longer term possibility of
direct flights, I just it makes no sense to me.
You've got one point four million people, you've got one
point four billion people, and you know the opportunities there.
Aldy just quickly or Eld just quickly. David Seymowre's announcement

(57:17):
yesterday about the red carpet being rolled out to somebody
who wants to come into this country and be a
supermarket just happened to be that. I read about Oldie
in the other day and their expansion into America. Now
they've been in America for a very long time, but
there are currently in the middle of a nine billion
dollar US expansion that they're adding eight hundred stores over
five years, specifically targeting dense urban hubs like and here's

(57:40):
the key Manhattan. So in other words, what I've suspected
all along is New Zealand is simply too small and
five million people and there's five million people in Manhattan
for good, and say you know, in about three blocks,
they're not going to do the whole of New Zealand.
Are they massive scale up first entered US in nineteen
seventy six, have grown their footprints now twenty eight hundred stores.

(58:00):
So in other words, they're a scalable business. They're big time.
They're not into dabbling with countries like New Zealand picked
up huge sways of market by offering cheaper prices of
high quality goods and have eaten into the marketplaces and
places like Britain as well, two point nine percent currently
of the US grocery pie. If you want to read
all about this, the answers there. The problem is the
BBC did the article on Elde. But the problem is this,

(58:22):
we've just got to accept, and I've said this all along,
that rightly or wrongly, that we are over represented in
lots of different things. And the form engined airlines a
classic example. Would we like four airlines flying up and
down New Zealand domestically? Of course we would. Can we
do it? No, we can't. We we're big enough for
about an airline and a half. We're big for a bit.
We're big enough for about two three supermarkets and a

(58:44):
few bits and pieces on the side. And as much
as Nikola Willis wants people to come here and open
up their mass stores and bring a whole lot of
you know, Walmarts and all that sort of stuff. We
just there's no money in it for them. What they're
interested in, read the article, Read where they are. They're
in Manhattan. Go to Manhattan. Have a look at Manhattan.
See what's happening in Manhattan. It's not New Zealand. And

(59:05):
that's the problem, isn't it right? So Scott Dixon looking
forward to the catch up. Actually it's been a while
since he's been on the program, but he's also been
sitting down with Zach Brown at McLaren. Happened a couple
of years ago and he said no at the time,
but he said this, yes this time. So another one
of these major names, you Lewis Hamilton's, you Lebron James,
the Scott Dixon's who at the end of their career
will the ends of their career don't need to do anything,

(59:27):
but they're still wanting to win the story with Scott Dixon.
After the News, which is next to your News Talk secy.

Speaker 1 (59:37):
In a Noisy World, Here Yourself think it's the Mic
Hosking Breakfast with Alveda, Retirement, Communities, Life your Way, News
Talks hed Better.

Speaker 2 (59:49):
At a seven Past dates. One of the big sports
stories of the year so far. As to Scott Dixon,
as off to McLaren, he's leaving chip Ganassi Racing at
the end of the season. He's been with a team
for twenty five years. Of course he's going to team
up with Rose and Clinton the award. He still got
to deal with the season. The next racing weekend, of course,
is this weekend at Nashville. Anyway, catch up times for
Scott Dixon is with us.

Speaker 19 (01:00:09):
Good morning, yeah, very good morning to you guys too,
and thanks for having me on.

Speaker 2 (01:00:13):
And not at all and congratulations on the move. How's
it landed now that we've had a few days to
let it sink in.

Speaker 19 (01:00:20):
Yeah, the process, honestly has been has been quite long.

Speaker 17 (01:00:25):
You know.

Speaker 19 (01:00:25):
I think it's been several months and really just kind of,
you know, thinking about how it's going to look, you know,
if it's the right time, you know, I think if
you back up to a certain you know, kind of
almost six years ago. I nearly went to this team
in twenty nineteen. I just found like the timing wasn't
wasn't right.

Speaker 10 (01:00:44):
At that moment.

Speaker 19 (01:00:45):
So, yeah, it's it's been you know, obviously I've been
with this team for almost twenty five years, you know,
so it was definitely a lot of a lot of
you know, I think moments to think about whether it's
the right choice, you know, if the timing's right for me. Ultimately,
it just really came down to wanting to do something different,
you know, have a new excitement level for for a

(01:01:07):
different project and something different.

Speaker 2 (01:01:08):
Did Chip Ganassi know that? Did they suspect that?

Speaker 19 (01:01:13):
Yeah, we had started talking kind of end of last year,
probably September November, and then you know, we we we
I've really kept them, you know in the loop of
of you know, what direction we were really looking at
and where we were going if we were going to change,
and you know, ultimately when it you know kind of
in my mind had made the decision, you know, flew

(01:01:35):
to Pittsburgh, sat down the Chip and the chairman of
of PNC, the sponsor on the car, the Penz Bank
with with Bill Demchek and and sat down and just
you know, went through the scenario of not staying. So yeah,
it was it was not easy, trust me, it was.
It was very emotional and you know, not an easy
decision by any means.

Speaker 2 (01:01:54):
Is there good will, plenty of good will.

Speaker 10 (01:01:57):
Yeah, it's been, it's been, it's been good, you know.

Speaker 19 (01:02:00):
Come Obviously it's never easy, you know, even for me,
it's it's been you know, tough through throughout moments. Obviously.
Now you know, you kind of get cut off a
lot of stuff. You know, there's no electronics stuff. You know,
there's no simulation before events. You know, certain meetings are
not really in anymore. But that's just the likelihood of

(01:02:20):
the direction it goes. But no, everybody on the team
has been amazing, you know, and you know, part of
the conversation with Chip was obviously to make sure that
you know, for me, the biggest thing that matters is
that we remain friends and that we remain and you know,
he's like family for me. You know, he's he's there's
a lot of love there and and you know, for
what he's been able to, you know, do for me

(01:02:41):
throughout my career has truly been unmatched.

Speaker 2 (01:02:44):
It's such an interesting thing, isn't it? Because I'm assuming
at some point they get they said something like what
can we do for you? Because you were explaining I
need something different? Was that part of it?

Speaker 17 (01:02:58):
Yes?

Speaker 19 (01:02:59):
And no, like I think you know, for me, the
the you know, I think it was easy to continue
to do the same thing, but I think you know,
the you know, it's kind of been going through a
moment of where I wouldn't say that we haven't been
happy or they haven't been happy. It's just you know,
for me, it really came down to the point of,

(01:03:20):
you know, thinking about the amount of years I've been racing,
the amount of years have been IndyCar and really leaving
the sport at some point and not have have tried
anything else, And what kind of kept you know, mentally
for me was was you know, the excitement of just
trying something new, you know. And it was nothing against
any of the people that I've worked with. You know,

(01:03:41):
I've had fantastic teammates and obviously an amazing team. And
I'm not you know, jumping because I think the grass
is greener on the other side. You know, I think
we all know how that that turns out. For me,
it simply was just to you know, have a new adventure.

Speaker 2 (01:03:54):
Yeah, but what have McLaren got that you want?

Speaker 10 (01:03:59):
H Well, I think you know the.

Speaker 19 (01:04:02):
Team, you know, I think they're doing a very good
job right now, you know, I think when you look
at it, even back six years ago when I was
looking at doing that possibility, I think, you know, they've
acquired a lot of really good people. Obviously, that team
is you know, I think if you look at it
from a financial standpoint, is funded extremely well. You know,
the different categories that they race and you know, whether

(01:04:24):
it's IndyCar to F one then you know the World
Endurance Championship stuff now that's kicking off next year. You know,
there's a lot of different legs there. But you know,
for me too, it was also the patriotic kind of
side of you know, I'm a big fan.

Speaker 10 (01:04:39):
Of Bruce McLaren.

Speaker 19 (01:04:40):
You know, I've read all his books, you know, lots
of pictures autographs of his and you know, fascinated by
purely what he created, you know, and being able to
spend some time with you know, his daughter throughout the
years at events as well.

Speaker 10 (01:04:52):
And you know, for me that was that was also
a very big poll.

Speaker 2 (01:04:56):
Well, I'm glad to hear you say that, because that's genuine,
because it's an easy thing to say old New Zealand
the clar and everyone knows, but that that for you
is real.

Speaker 10 (01:05:04):
Yes, yeah, no, it always has been.

Speaker 19 (01:05:06):
You know, I think for me and what really you know,
I think throughout the years with my dad, you know,
just you know, talking about you know, Bruce and what
he did, and you know, hearing it from my dad
was extremely special as well. But you know, I think,
you know, yes, it is easy to say that, but honestly,
I think New Zealand and the motor racing history that
they have is profound, man, and it's insane. You know,

(01:05:29):
the amount of top level drivers they have in pretty
much every category right now, which is which is fantastic
to see for such a small country, you know, packing
a big punch. But you know, Bruce was was definitely
one of the founding fathers for that night.

Speaker 2 (01:05:42):
I reckon that's true. Just and hold on. We'll come
back and talk about McLaren Moore in the moment. So
Scott Dixon with It's thirteen past.

Speaker 1 (01:05:48):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks It Be.

Speaker 2 (01:05:55):
Talks have been coming up sixteen past. I guess Scott
Dixon here this weekends racing and Asheville. But we're talking
really about the end of the season. What happens next
to you? Speaking of which Scott Zach Brown, how much
this has to do with him and what do you
make of him?

Speaker 19 (01:06:12):
Well, funny enough, I've been friends with Zach longer than
you know, I've known Chip. I first met Zach in
nineteen ninety nine when I first moved to Indianapolis. He
was running a go kart track here called Zak Attack,
and I spent many days, you know, with him out there.
And you know, he was a racer for many years
kind of in indie lights and different categories. And you

(01:06:34):
know then obviously you know, formed Just Marketing, which was
a behemoth for sponsors throughout the you know, different categories
with it was, you know, whether it was F one
or NASCAR, and you know we're Bath based, you know,
he's based in London now and off season for me
is there with the family as well, so you know,
we definitely catch up.

Speaker 2 (01:06:53):
So did he if you go back like six years,
did he go like, one day we'll do this. Was
it kind of like that?

Speaker 10 (01:07:01):
Yeah?

Speaker 20 (01:07:02):
It was.

Speaker 17 (01:07:03):
It was.

Speaker 10 (01:07:04):
It was within.

Speaker 19 (01:07:05):
Hours that one. It was quite Yeah, it was quite
an interesting time for me. And you know, obviously the
following year went on to win another championship with Canassi,
but Yeah, the timing just wasn't right. It was it
was you know, Zach Hauld kind of just come into
that team with McLaren. They were buying it from Sam
Schmidt and his group of people with Arrow and you know,

(01:07:25):
lots of lots of stuff has changed since then. So yeah,
the timing now seems to fit.

Speaker 2 (01:07:30):
Perfect following you do it like a Lewis Hamilton and
so it spent a year at Ferrari, last year at
Ferrari working through how they work. And maybe it's because
they were telling you and I don't know, are you
confident going to a different team with different people and
different processes that you fit in or is that is
that a job ahead of you?

Speaker 14 (01:07:49):
Uh?

Speaker 19 (01:07:49):
Oh, yeah, it'll be. It'll be a lot of hard work.
But you know that's exciting for me as well. You know,
I think something new and obviously different processes. And you
know the other portion too is you know, I've been
a Honda driver for ninety percent of my career as well.
You know, I did drive for two years for GM
and we we did get a championship in fifteen with

(01:08:11):
them as well. But you know the process is very
different from you know the amount of simulation day as
you do now how they attack the simulation, to you know,
how they do the real world stuff, to how the
setups are. You know, I'm excited to see how they
really operate. And you know, honestly, I won't really get
to see much of that until you know, September October,
to see how they perform. But driving duties, I don't

(01:08:32):
think I'll be able to do anything until kind of
January of next year, so we'll see how it works out.
But no, no exciting to see. You know, I've never
really seen a different team, you know, I've done sportscar
racing with some other people. So excited to just you know,
kind of lift the covers and see how other teams operate.

Speaker 2 (01:08:48):
What keeps you stimulated like that? What prevents you from
going I've got nothing to prove. I've been around for
twenty five years. I know what I'm doing, so you'll
need to do it my way.

Speaker 19 (01:08:59):
Yeah, I would never say I know what I'm doing,
you know, I think that's that's the first time of defeat.
You know, for me, it's always been the love of learning,
and I've had that, you know, every different teammate, whether
they've been you know, exceptional or you know, very good.
Everybody does something you know, slightly different, and for me
that's you know, the interesting part. But what it basically
comes down to, man, it's just a love for the sport,

(01:09:21):
like I love doing what I do, you know, And
that fire still burns very strong right now. You know,
whether it does for for how many years longer, We'll
have to wait and see. But right now the passion
is very full.

Speaker 2 (01:09:33):
And what's your thinking on that? Because Lebron the other
day out of the lake as he's looking for, you know,
something more, and Lewis is looking for something more and
you're in that category, and you're looking for something more
you still presumably want will need to win.

Speaker 19 (01:09:46):
Yeah, it's it's it's yeah, I don't know, maybe a
bad habit, you know. I think it's more that the
het of maybe the het of losing, I think is
what keeps you, what keeps me up at night. You know,
very rarely do I think of, oh, you know, that
was such a great win. You know, for me, it's
always the close losses or you know, the mistakes or
anything like that that really keep you, you know, on

(01:10:09):
on on the you know, on the edge. So yeah,
you know, everybody's different, everybody's unique, everybody's looking for different stuff.

Speaker 10 (01:10:15):
But you know, for me, the timing was just right for.

Speaker 2 (01:10:18):
Right now, fantastic ether half a dozen or so left
in the season. Does that feel a bit weird or
it is what it is?

Speaker 19 (01:10:25):
Yeah, it's a weird sport, I guess in many ways,
where you know, the announcements come, you know, my contract
was was quite strange.

Speaker 10 (01:10:32):
And the fact that the you know, I think just where.

Speaker 19 (01:10:34):
It originated and the data was you know, a lot
of a lot of drivers can't really do anything until
September of November, and mine was quite early this year.
In IndyCar you know, probably half the field is up
for you know, driver Wises is up and out of contract.
So that makes it, you know, kind of a bit
of a silly season for for for many And yes,
you know, I think there were periods where you know,

(01:10:55):
I was like, well, do we sign later in the
year or do we do something you know where it
doesn't create the awkwardness. But obviously lots of people start
talking and things kind of play out that way. But no,
like you know, for me, the first goal is to
win this weekend in Nashville, and the same for the
remaining races. And you know, the team has been amazing
and Chirpin and Mike Kulf have said the same. You know,

(01:11:17):
all we want to do is you knows, send you
on the way with many wins. So that's what we'll
be trying to do.

Speaker 2 (01:11:22):
Good. Well, We're looking forward to this weekend and the
rest of the season. Great to catch up with you.
Congratulations on the move and let's talk again soon.

Speaker 10 (01:11:29):
As always, thank you so much, look forward.

Speaker 2 (01:11:30):
To indeed and you two. Scott Dixon currently sits ninth
in the championship and as I say, heading into what
I'm assuming is the heat and humidity of Nashville this
coming weekend eight twenty two.

Speaker 1 (01:11:43):
The Mic Hosking Breakfast with Bailey's Real Estate News Talk Zibby,
The Mic Hosking Breakfast Bull Show podcast on iHeartRadio powered
by News Talks Ibby.

Speaker 2 (01:11:57):
Now from the heart of the community to the world stage,
we talk Bailees. Of course, Bailey's Real Estate helping Kiwis
achieve their property goals with They're All Together Better Connected approach.
So is New Zealand's largest full service real estate agency,
Bailey's have got that expertise across your residential dot your
commercial covered rural and property services as well. Also got
local presents in every corner of the country because they've

(01:12:18):
got more than two thousand people in one hundred offices,
so they are everywhere, feet on that footpath, boots in
that soil, direct presence nationwide, plus strategic international partnerships. They're
doing business with Knight, Frank and McGraw real estate of course,
and basically what happens is the sellers get more eyes
on their listings with more people in the network because
Bailees find those buyers that others count. So they do

(01:12:39):
this by leveraging the local advantage and that global rich
and they're producing the outstanding results with the client's time
after time. Online at Bailey's dot co dot NZ you
can discover the Bailey's difference for yourself. Are licensed of
course under the REA Act of two thousand and eight,
but the best is to be found at Bailey's and
Baileys are online at Bailey's dot Co dot m Z
pasking he's a goin to be with Scott Dixon, Mike honest,

(01:13:01):
considered and consummate professional fell I would tend to agree Mike.
Some excellent interviews this morning, Syria Mune, Sir John Key
and Sir Scott Dixon brilliantly. Yep, I tend to aggress him.
Still have worked out well. Now got some music for me,
Glenn had me some music.

Speaker 1 (01:13:17):
Now.

Speaker 2 (01:13:17):
Brian Adams is coming back to the country. He's currently
I looked at the schedule the other day. Man he works.
He's basically on the road all the time. He's got
a new song out. I don't know if you like
it or not. It's called fifty first State. He wrote it.
It was Canada's birthday the other day and fifty first
State being the Trump thing, and he wrote a song
about that, this bit of a protest song if you
want to look that up and have a listening. Anyway,

(01:13:38):
the tour at the moment's roll with the punches. He
is coming here Auckland and christ Church in March of
next year. Tickets are going to go on sale midday
Monday twentieth, which is this coming Monday. But as always
I've had a word with Bry and he's slipped me
a couple of tickets for both the concerts. So take
your pick. Go to the Mike Husking Breakfast Facebook page

(01:14:01):
with the Mike Husking Breakfast Insta page and your opportunity
to win either one of these shows. But Brian o
Operson returns to the country. It might make a nice
Christmas gift if you don't want to keep it for yourself.
In Britain, the Whittacamb investigation, Yes, it was literally just yesterday.
The police were going nothing to see here, it's just

(01:14:23):
a nutter and we've rounded the knuckle up a couple
hundred miles north of where the murder took pace. Next thing,
they re arrest the guy. He's got terrorist connections and
they've handed it over. So we'll get the update Froment
to Brady after the news, which is.

Speaker 20 (01:14:35):
Next credible, compelling.

Speaker 1 (01:14:51):
The breakfast show you can't miss. It's the Mic Hosking
Breakfast with Defender Trophy, empic Adventure, Greater Purpose, news talks that.

Speaker 2 (01:14:58):
Be Oh, you know, I don't do regular individual polls
anymore because they're so rapey they're not worth worrying about.
There is one out this morning. Four things to say
about it, three of which have nothing to do with
the numbers other than to say this morning's pole. The
fourth thing being that once again the government has been returned,
if you're interested in that. But the three other things
are interesting and I don't know that many people are

(01:15:19):
actually thinking about them. But more in a moment. Twenty
three to.

Speaker 1 (01:15:22):
Nine International correspondence with ins and Eye Insurance, Peace of
Mind for New Zealand Business.

Speaker 2 (01:15:31):
Interprisings with This Morning Made. Yeah, good morning, Mike. Good
speak again and you two, how are they explaining that
just yesterday there was nothing to see here in terms
of terror and today they've re arrested the bloke and
there's a lot to see here in terms of terror
and the handing the case over.

Speaker 10 (01:15:45):
Very good question.

Speaker 21 (01:15:46):
Look, the police are saying nothing, But my suspicion is
that once they got into this guy's property and started
looking at computers, laptops, phones, digital devices that they may
have uncovered, perhaps political grudges or grievances, the cops are
saying absolutely nothing. So he then gets re arrested on

(01:16:07):
suspicion of instigating or preparing an act of terrorism. And
the entire murder investigation into the death of Anne Whittickumb
is now being led by counter terror police and this
was ruled out explicitly on Friday when they had arrested
someone else, so I guess it was evidence came to life.

Speaker 2 (01:16:27):
One of the clues might have been a guy was
many miles away in the scenes. You know, why would
you randomly murder somebody as opposed to traveling the distance
to you know, premeditated under orders to do it that way.

Speaker 21 (01:16:40):
It was the length of England three hundred miles, I
mean Rotherham in South Yorkshire all the way down to
a little tiny village called Haytor in Devon. That is
a long, long drive. Now what they seem to have
done the doorbell camera seems to be the crucial piece
of evidence so far. There is an image that's widely
circulated in the media off a ring doorbell and it

(01:17:03):
is quite a blocky looking white British guy in a
red vehicle and this is clearly the suspect. So police
say they're not looking for anyone else. But I think
as soon as they got into his property in the
town of Rotherham and started going through digital devices, they've
clearly found something of concern.

Speaker 2 (01:17:21):
And of course concerned. In the comments they had the
debate and my mood was talking about I mean, you know,
what are wimp's do in terms of security houseife. Are
they at any given moment.

Speaker 10 (01:17:30):
Yes.

Speaker 21 (01:17:31):
Nigel Frage has raised this and has been raising this
for quite some time, and it fits in with his
narrative around the gift of the ten million dollars, which
he initially said was for personal security. So it's very,
very worrying. And Whittickumb was not sitting MP, but she
is was a very very famous politician. She'd previously been
a Home Office minister. I knew her for the best

(01:17:52):
part of thirty years. I remember going to briefings in
her office in Parliament in nineteen ninety six when she
was a key part of j Major's government and I
was a cub reporter starting out, so you know, she's
the third politician to have been murdered here in the
space of a decade. It is desperately worrying.

Speaker 2 (01:18:11):
And starting about alter. The other day, she's in London
and she's not ivily worried about the heat. She says,
it's thirties. Yes it's hot, but I guess if you
come from New Zealand and the sam you've seen it
all before. But this is starting to feel in the
like just I mean, we had the story for the
last four or five years. It gets hot, but it
seems to feel a little bit different now, doesn't it.

Speaker 21 (01:18:32):
It is very different, and look, just a personal anecdote.
At the weekend, I took part in a cross country
ultra marathon and my wife said to me, so, it
was thirty celsius at the start line and it was
baking hot all day. People were dropping like five flies.
My wife very kindly came down and got me into
finishing line and she said, you last ran this race

(01:18:54):
in twenty nineteen and I said yeah, and she said,
I've been looking at pictures. I was wearing a jacket,
a winter jacket in summer July twenty nineteen when you
ran that race, and that's the difference. So the temperatures
are forecasts for at least the next ten days, and
some stats out today, would you believe excess deaths this
summer related to the heat waves? Twenty seven hundred, five

(01:19:17):
hundred and fifty of dollars in the May heat wave
and twenty two hundred in June just gone. So it's
it's impacting on people's hearts and kidneys, and a lot
of elderly and very vulnerable people are suffering.

Speaker 2 (01:19:30):
I noticed since we last talked into the men they
call them as Silas Burnham, bloke who's got three hundred
and twenty two nominations from periods in piece. So it's
not exactly a contest. So all's I mean, what is
it a week? Awahile whenever it does, he's the Prime minister.

Speaker 21 (01:19:48):
So would you believe Monday, Monday next week he is
going to be sworn in the coronation unchallenged. A lot
of people saying, how is this democracy? Nobody's had a
say in this. Well, it's the rules and the con
servatives have done it for fourteen years, so Labor will
feel that they absolutely can do this. I find it
really interesting that the World Cup final is on Sunday.

(01:20:08):
Now let's not get ahead of ourselves. Small matter of
beating Argentina, but it will be some bounce in his step.
If he was Prime minister on day one and your
first task is to welcome the England football team home
from America with the World Cup trophy, that would be
quite a beautiful start. I think if I was Andy Burnham,
I'd call an election on Tuesday.

Speaker 2 (01:20:25):
Yeah, exactly a stama going by the way, if I
make the final.

Speaker 21 (01:20:29):
So plans are afoot. He is football mad. To give
him his due, he is not someone who has just
jumped on the bandwagon. He's been a lifelong Arsenal fan.
Starmer is planning to go if England beat Argentina, and
it would be a crazy twenty four hours to end
his time in Downing Street. He would fly to America.
He would watch the World Cup final, god willing England play,

(01:20:51):
England win, and then he get on a plane straight away, flyback,
go see Charles resign, recommend Andy Burnham forms the next government,
and I'm guessing go on holidays.

Speaker 2 (01:21:00):
I noticed there was some suggestion that if they win
there's a bank holiday in the offing.

Speaker 21 (01:21:04):
Is that possible, Yes, that is The plan would be
Friday July twenty fourth, which is when the Brady family
are heading on holidays. So that would get me a
day's leave back, which I'm sure my boss would be
delayed about. And then bring it on.

Speaker 2 (01:21:20):
So come on England, good on you mate, Go well,
we'll catch up in a couple of days. Appreciate it
into Brady out of Britain. By the way, the e
bike story is the same in that part of the
world as it is here, we do it through acc
it's hit. As of the other day, it's only seven
years since the first e byke claim was made in Britain.
Biggest individual payout probably worth investigating. Biggest individual payout was

(01:21:43):
twenty million pounds for an e bike accident, but of
course it's pushed all the premiums up and insurance has
become more expensive anyway. The total e bike injury payout
now has reached about two hundred and forty million New
Zealand dollars sixteen two.

Speaker 1 (01:22:00):
The like asking Breakfast Full Show podcast on iHeartRadio powered
by Newstalks at be Mike.

Speaker 2 (01:22:07):
That's exactly correct. The current government does return. Why don't
you newsrooms say that and also explain what MMP is. Well,
the answer to the latter part of that question is
after thirty years, you shouldn't have to explain what MMP is.
It does mean that there are lots of parties, et cetera.
But your point is valid. The coverage of the Radio
New Zealand Pole this morning has national going backwards a
bit and that's the headline, which it shouldn't be the headline.
But that's the bias of newsrooms all over the country

(01:22:29):
these days. The government does get returned, but the more
important part is several fold. One of the important parts
is seventeen and a half percent or undecided. So that's
a big margin and that could swing things either way
in a fairly dramatic fashion. So really you've got to
take these poles for what they're worth, which is basically

(01:22:50):
next to nothing. They're literally wasting their time and their
energy and their money these days. The pole of poles,
as I've said over and over, is probably the only
thing you can look at and get a roughish eye
year of what's going on, because seventeen and a half
percent of vote is undecided, is mate next point. These
projections are based on party vote and assume no overhang seats.

(01:23:10):
They also assume the return of all parties currently in parliament.
Now that's a massive assumption. Given the Maurorray party scenario.
You can mount an argument not necessarily true, but can
certainly a mount an argument that says they're not going
to be back. So therefore that materially changes the numbers
you've seen this morning. National could extend the coalition's lead
and size of parliament if it won more than thirty
six electorates currently, therefore creating an overhang. They currently hold

(01:23:34):
forty three. Now this is an interesting thing and something
to be cognizant of. It's possible. I don't think it
will happen. But they had a tide last election and
we couldn't wait to get rid of the previous government.
So there was a tide, an electoral tide, and I
think probably Mount Albert might be a good example of that.

(01:23:56):
Helen White for Labor won it by like a smidge,
but seats like Albert became competitive for the first time
in forever because the tide was moving in National's favor.
The tide will go out against National this time, because
that's what always happens. Now if they still because electorally
they're a strong party, do okay. In this case thirty

(01:24:16):
six you don't have a list and there are some
serious players at the top of the list who don't
have seats. One of them will be Nikola Willis, so
she's not standing in a hario, so she's will I
assume be number two on the list. If they don't
have a list, she's out of parliament. Another one that
they've got problems with at the moment is Jerry Brownlee.
Now Brownie's not going to run an island because he

(01:24:38):
lost Ireland, and so where do they stick him? Because
he's the Speaker and is he much used to the
party in general? He's seventy years old, as he much
used to his stick him up, you stick him up
at two or three to make him safe when you
stick him at ten, eleven, twelve or thirteen where maybe
he probably belongs, and that means he's almost certainly out
of Parliament. So that's something to watch. Similarly to Party
Murray could close the gap, have it picked up more

(01:24:59):
than three elect Now this is where the initial assumption
is so wrong, based on the return of all the
parties in Parliament. Does anyone in their heart of hearts
genuinely believe the Maori Party are good for three electorate
seats given what the Marory Party had been through in
the last few months, the destruction and complete annihilation of
the Marorray Party. So you think they can rock up
and just win three seats like that?

Speaker 10 (01:25:19):
Do you?

Speaker 2 (01:25:20):
I wouldn't be so sure. So there's a couple of
things in there beyond the numbers that make this a
tight and fascinating race. Nine away from nine.

Speaker 1 (01:25:31):
So Mike Costing breakfast with Alveda, Retirement Communities News, Togstad been.

Speaker 2 (01:25:36):
There's seventy years. Defender's gone where others can't. Of course,
you know the story of the fabulous Defender. That legacy
has inspired something bigger. We've got the Defender Trophy. So
the Defender Trophy was dormant for a quarter century, twenty
five years, but it's back now. It's a global competition, right,
searches for a new breed of adventurer, people ready to
embrace the impossible across some of the world's most unforgiving terrain.
So back in March, we had twenty four competitors, seven countries,

(01:25:59):
forty eight hours of a law vent this physical driving
and cognitive challenges in Taiwan. Only two people could win.
Now who are those two people? That's right? They turned
out to be New Zealand as Charlie Murray, Lily Hillary
from right here, New Zealand as crowned as the Asia
Pacific Champions. Now they're heading off shore to the global final.
Let's going to compete alongside adventurers from across the whole world,

(01:26:19):
driving real conservation impact alongside Tusk and that is what
Defender was built for real people, real terrain, real stakes,
adventure with a purpose basically that outlasts the podium and
for those who want to own a piece of the story.
And this is where it gets exciting. The Defender Trophy
editions available now. They do it in two colors. One
is the iconic Sanglow Yellow. As soon as you see

(01:26:40):
you go, I've seen that. That's iconic. The classic Keswick Green.
That's my personal favorite. You can't be a bit of
Keswick Green. Defender Trophy Epic Adventure Greater Purpose available now
at your rain drover, Land Drover retailer. Asking Mike, thanks
for a great show this morning. The great interviews and
opinion have just got me through a half marathon on
the concept to Rower one hour, thirty two minutes of rowing.

(01:27:04):
It's not bad. It's not bad. Mike talking about farming
this morning. I want to thank you for introducing me
to Clarkson's farm. It's been a long time since I've
laughed so much, so long.

Speaker 10 (01:27:14):
I love it.

Speaker 2 (01:27:14):
You know, it's a very good show. Some of the
best television, some of the best television. Going five minutes
away from nine.

Speaker 1 (01:27:20):
Trending Now with Chemist wells, keeping Kiwi's healthy all year round.

Speaker 2 (01:27:25):
Speaking of entertainment, we've talked to of course this morning,
including to Serena I mune With about Sam Neil the
legacy of everyone seems to love him. This one's off
to the races on the old Socials this morning. Kiwi
director and writer Phrase at grutt in twenty twenty one
was asking ten thousand people for their dreams for a project,
so we got celebs from all over the world to

(01:27:46):
get into this. This was Sam's Do.

Speaker 5 (01:27:48):
I have a dream? I think I'd like a night
where there's no dreams. I'd like a morning when I
wake up and there's really enough on the news, when
everything just returns to dull and there's no pestilence and

(01:28:09):
there's no war and there's no aggression and people are just.

Speaker 11 (01:28:15):
Just leaving it alone and getting on with each other.

Speaker 5 (01:28:20):
Well, not nice.

Speaker 10 (01:28:22):
The surface three foot high.

Speaker 2 (01:28:25):
Today.

Speaker 5 (01:28:27):
Chickens are laying in central Atago. In the seasons, the
football will be played as usual on Saturday. Someone might win,
but probably everyone will just have a draw.

Speaker 10 (01:28:45):
There's nothing happening. That's my dream.

Speaker 17 (01:28:49):
It's just.

Speaker 21 (01:28:52):
Been nice.

Speaker 2 (01:28:55):
Okay. We didn't mention and I've mentioned it before, but
one of the things I most of mind about Sam
Neil ironically was his wine, because he was one of
those people who took it seriously. And I remember when
Tipadock started and it was I thought, here we go,
another celebrity, but bored. God, A paddock's going to plant
a for you grapes and you know you're never going

(01:29:16):
to hear from it again. But let's turned into a
very serious and internationally renowned operation. So that speaks of
the man at his attitude. We'll be back tomorrow morning,
a middle of a week. Already constant Breakfast Mabe who does.

Speaker 1 (01:29:46):
For more from the mic asking Breakfast. Listen live to
news talks that'd be from six am weekdays, or follow
the podcast on iHeartRadio.

All Episodes

Episode Transcript

Popular Podcasts

Betrayal Weekly

Stuff You Should Know

Dateline NBC

.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Full Show Podcast: 14 July 2026

Episode Transcript

Popular Podcasts

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}Betrayal Weekly

Stuff You Should Know

Dateline NBC

All Episodes

Full Show Podcast: 14 July 2026

Betrayal Weekly