Full Show Podcast: 14 May 2025

Episode Transcript
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Speaker 1 (00:00):
It's your source of breaking news, challenging opinion and honored fact.
The Mike Hosking Breakfast with A, Veda Retirement Communities, Life
Your Way News, Togstead.

Speaker 2 (00:10):
B Dawning and welcome to Danikolo Willison her first super
fund withdrawal in its role in solving the retirement bill
for the country, the country's biggest inland port billions on
you infrastructure You want to know about that? The netball
debate over player eligibility in moving the competition, Mark and
Jinny Politics wins. They of course after rate Richard Arnold,
Steve Price, they offered gold standard material as well. Past
get right A here we go, Middle of the week,

(00:32):
seven past six. Dare I suggest it has been a
while since we've had a debate of such potential. This
is the pay equity law. It's now done, of course,
So the debate around it is not about whether it
should or shouldn't go ahead, because it already has. So
the debate about whether or not those against it can
now muster enough energy and noise to try and cause
enough pain to a government that may or may not

(00:52):
be aware enough or able enough to respond. That's the
key here, my guess, and there's already a very long
line of those saying this is trouble for the government
and it will bite them. But my guess is it
actually won't. And it won't not because it isn't a
political risk, because it is, not because they got it
out of the way fast under urgency, because they did,
but because it's become increasingly obvious to more and more
of us that this country is on its knees and

(01:14):
unless something pretty drastic is done and fast, we are
in very, very serious fiscal trouble. There is actually the
more important argument or out equity, that it's been hijacked
by the unions, and now it's used as a sledgehammer
for random and mass numbers of large pay increases for
union based jobs that really have nothing to do with
women or men. But I suspect that aspect of it
is a little bit nuanced for many, and made more

(01:36):
complicated by the fact those who hate what has happened
here continued to deliberately muddy the waters with a motive
language like paying people what they're worth and women getting
paid less with the same job, which of course is
separate and not remotely true. The hope the government will
have is that the last six and in particular three
years of abject fiscal vandalism that got us into this
mess is still real and raw enough for most of

(01:58):
us to work out that living in growing debt is
a fast track to the poorhouse. It shows to a
degree the power of largest of free stuff. I'm convinced
the percentage of the population that lapped up the handouts
and bugger the consequences grew under labor. An easy path
is a popular path filled by a lack of rigoring questions.
What this government is trying to do is write a
very very damaged chip. And these are the sort of

(02:20):
prices we have to pay. So that's the bit, that's
the debate. Let's see if needles get moved, news of
the world in ninety second. We want a massive love
and re it.

Speaker 3 (02:32):
If I didn't like him, I'd get out of here
so fast. You know that, don't you. He knows me well.

Speaker 4 (02:39):
I do.

Speaker 3 (02:39):
I like him a lot. I like him too much.
That's why we give so much. You know too much.

Speaker 2 (02:46):
I like you too much. And among the love, among
the love is the business.

Speaker 5 (02:51):
Mister President. I am confident that today we will continue
to build with you based on the foundations of these
close partnership between two countries. What we sign today is
part of a greater ambition that invest the opportunities for
cooperation an exchange of benefit.

Speaker 2 (03:07):
I will give you the numbers the moment part of
the business. Bonder, why is going to be this plane
when he gets to Qatar? Even among the faithful.

Speaker 6 (03:12):
Diest stincts, please define America first in a way that
says you you should take sacks of cash from the
Katari royals who are behind Al Jazeera.

Speaker 7 (03:19):
I do not think the president of the United States
of America should sit and fly on a plane purchased
with the same money used to murder American citizens.

Speaker 2 (03:30):
And if his fans don't like it, you can imagine
what the Dams thinks.

Speaker 6 (03:33):
So corrupt that even Putin would give a double take.
This is not just naked corruption. It is also a
grave national security threat.

Speaker 2 (03:44):
Metis a value judicial light you officially in Britain, Peter
had his conviction quashed other night. They thought he riped
and killed a woman side of stuck him in jail
for thirty eight years. They got that bit wrong. Modern
d and I practice proved it.

Speaker 8 (03:55):
In the light of that fresh evidence, we allow the appeal.
On ground one, we quash the conviction.

Speaker 2 (04:04):
And yes, thirty eight years is a record for a
person who didn't do it, and perhaps remarkably said he
wasn't angry. Then in Paris, Kim turned up to have
a word about being kidnapped.

Speaker 9 (04:13):
She turned him and said, I forgive you to Unmarke Kardash,
after which A M. Kardash responded in print because you
can't talk by saying your forgiveness is the sun, which
will illuminate me for the rest of my days, finding
so much to me.

Speaker 10 (04:27):
Yes.

Speaker 2 (04:27):
Finally, space news both the US and Japan they're building
detectors to study a sum atomic sub atomic sub atomic
particle called a neutrino. They both hope the neutrino is
going to be the final piece of the puzzle to
answer the question what's the question? The question is why
does the universe exist? The US have fifteen hundred scientists
working on this, but they are several years behind the Japanese,

(04:49):
who will be ready, they say, to turn on the
neutrino beam. Wouldn't you like to work on something like
a neutrino beam? What do you do? I work with
a neutrino beam. They reckon. They can turn the on
in a couple of years. The news of the world
and out of worlds in ninety Yeah. The Trump deals
they've done one point two this New Zealand dollars six
hundred billion US one point two trillion dollars worth of
economic deals. Two hundred and forty billion of that is

(05:11):
as far as the concerned defense money. He's also lifted
planning to lift sanctions on Syria to give them a
chance at greatness, and Rubio is expected to meet the
Syrian Foreign minister in Turkey later on this week. I
tell your Turkey is the place to be later this week,
isn't it? Twelve past six.

Speaker 1 (05:27):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks EBI.

Speaker 2 (05:36):
Gerard Deppadue speaking of French courts, guilty of sexually assaulting
a couple of women back in twenty twenty one, eighteen
months suspended sentence find a total of sixty ish thousand dollars.
Courts requested. He's registered as a national sex offender. Fifteen
pass em talking jam My Wealth Andrew calahevery good morning
to you, Very good morning, Mike, So the focus has

(05:56):
moved to the Middle East. Now, of course, where are
we at with China? Christmas? I noted yesterday's been say
because all the toys are going to be back.

Speaker 11 (06:02):
Yeh yeah. I'm just well, we're just sort of looking
at the what's been the follow through on this, on
this China, on diffusing these engines between US and China?
Because it gave the US share market a big boost.
But has it flowed through overnight? Well, it has, but
not in uniform fashion. I mean, we've seen the US
markets have gained, the S and P five hundreds gained again,
but the Nasdaq has surged to a greater degree. You

(06:25):
had some inflation data overnight as well. We'll come back
to that, won't you. So yeah, about a point nine
percent gain in the S and P five hundred, as
a point of note, Mic, that takes it above where
it was at the start of the years.

Speaker 2 (06:34):
That's quite notable.

Speaker 11 (06:36):
We are in positive territory, but it's been a real
roller coaster, and the nasdac's up one point eight percent.
And I just make the point here was don't see
money flowing back into those megacap stocks. The big texta
of the mag seven Index. You know, Amazon, Apple and
all that. That's up eight percent so far this week,
So they had been a little bit out of favor.
And I also make the point that even though it

(06:57):
was extremely uncomfortable at times, staying invested was the right
thing to do through April. Yeah, but yeah, going to
Asia mic much less exuberance in Asia. The Chinese share
market did not rally to the same degree. Shingha comps
it up zero point one seven percent yesterday, and in fact,
you're looking at modest gains right across Asia compared to

(07:17):
the surge in the US. Still got lots of earnings
reports coming out of China this week. You've got Ali Baba,
Big Guys, Ali Baba, Tencent, JD dot Com. Forty percent
of Chinese companies in the Chinese Index have reported their
recent results, and earnings have broadly missed analyst expectations. Also,
there's this kind of weird thing that's come out, Mike,

(07:39):
is that the market was expecting, if in fact that
trade situation had stayed the same, that they would get
more stimulus from Chinese authorities. Now that there's been a deal,
they might not get the stimulus. So that's a little
bit of a negative. You've also got to remember that
even though tariffs you know, have come down, there's still
thirty percent tariffs in place, they have not gone away.

(08:00):
Just as a matter of interest, underwhelming rally in Australia
as well, they are about half percent. We did lift
ozero point eight seven percent. We're at the nstex fifteen
HYA since February, good lift and scaler up a main
freate and we're edging our way back towards the thirteen
thousand level on that index.

Speaker 2 (08:15):
Okay, that aforementioned CPI two point three core I noted
was two point Do we like these numbers?

Speaker 11 (08:20):
Yes, we do, so we're looking for hard data at
the moment. CPI is hard data. So this is the
USCPI for April. Pretty a benign results at the headline
zero point two percent expectation at zero point three X
food and energy also zero point two That what we
call core, so year on year two point three percent
had expected that to be two point four core CPI

(08:43):
two point eight, so that two point three percent is
the lowest since February twenty twenty one. Americas will be
pleased to know the problematic egg prices have settled down.
They fell twelve point seven percent, although I do note
they're still up almost fifty percent from a year ago.
The haarriff's situation is temporarily sort of under a little

(09:03):
bit better inflations under control. I had the big deal
announced over night Saudi Arabia. The markets are happy. I
don't think inflations out of the woodwork just yet, though
you might still see some follow through in the next
couple of months.

Speaker 2 (09:14):
Speaking which the trichometer, Yeah, this seems a mixed picture.
What's going on here?

Speaker 11 (09:19):
Well, I think what it shows, Mike, is that the recovery,
this long awaited recovery, isn't still bubbling away under the service.
So the light traffic index, it's the laggard. It's not
really moving. That's a good indicator of state of demand,
and we're not really seeing much going on there. It's
a six month lead on momentum in the economy unchanged
versus a year ago. So not exactly frothy, is it. Orthough,

(09:39):
the trend is mildly upwards. But the heavy traffic index, though, Mike,
it's telling us there is a bit of momentum. Good
rose two point seven percent last month, is up one
point year and year. That's a good steer on production captures,
you know, goods production and freight associated with wholesale and
retail trade. It's trending higher. The economy will get better, Mike.
It's just sort of maybe later this year or early

(10:01):
next year. Assist till twenty six. Hang in there, will
get better.

Speaker 2 (10:05):
What are the numbers?

Speaker 11 (10:07):
The dal Jones Dow Jones actually lower, that's down one
hundred and fifty six points point three seven percent. That's
because United Health is getting smacked. It's down about sixteen
percent last time I looked. Forty two thousand, two hundred
and fifty the mark there. The S and P five
hundred is up fifty two points point eight nine percent
five thousand, eight hundred and ninety six, and the Nastak
up three hundred and twenty one points one point seventy

(10:29):
two percent nineteen thy twenty nine. The fortsy one hundred
down two overnight eight six oh two. The Niket did
manage a one point four percent rally, up five hundred
and thirty nine points thirty eight thousand, one hundred and
eighty three, as I said, Shangha Compert up point one
seven percent. The ASX two hundred up point four three
percent eight two six eight and the ns X fifty

(10:52):
is said up one hundred and ten points twelve thousand,
seven hundred and eighty six Kiwi dollar point five nine
thirty nine against the US point nine one seven one
in the AUSSI point five to three one two Euro
point four four sixty five against the pound eighty seven
point sixty six. Japanese ends what one news on dollar
will get you. Gold is trading its three thousand, two
hundred and forty seven US dollars and brink through just

(11:13):
edging up a little bit more sixty six dollars and
sixty four cents tomorrow.

Speaker 2 (11:17):
Andrew Kellahajoemiwealth dot Co dot m Z scummy exciting news
from GM overnight globally groundbreaking EV battery technology. They're calling
it LMR Prismatic battery cells. They'll put them in cars
beginning twenty twenty eight. More prevalent, less expensive, minerals, lighter,
more cost effective. They're going to stick them in the
big cars, the Silverada, the Escalade. It'll impact They claim

(11:38):
everything from range and safety, to energy efficiency to charging capabilities.
Unlocks the premium range performance at an affordable price of
batteries are getting cheaper. Let's hope it works. Six twenty
one at news Talk. But what do I.

Speaker 1 (11:56):
The Mike Hosking Breakers Full Show podcast on I Radio
powered by News Talks.

Speaker 2 (12:01):
It be the Philippines Vote's interesting. I'll come back after
six thirty with that Deterte who's currently at the Hague
won a mayoralty. So how is doing that? I'm not sure?
But anyway, I more sure that India's inflation, by the way,
three point one six is that good? Yes, they thought
it would be three point twenty seven. So it's all
trending down around the world, which I suppose is encouraging
job market. And Britain no good. That's continue to weaken.

(12:22):
Number of jobs on payrolls, people and jobs falling, vacancies declining,
wage growth is slowing, still going faster than inflation. Their
employment rate ticked up overnight from four point four to
four point five six twenty five.

Speaker 1 (12:36):
Trending now with Chemist Warehouse, Mayhem Megasale on now.

Speaker 2 (12:40):
Now the Mission Impossible hype is underway the latest, it seems,
the final chapter. Who would know? We'll add to the
four point zero nine billion US the franchise has made
so far now is four point zero nine billion a
lot of money. Well, it will make it the seventeenth
highest grossing film series of all time, which, when you
say their weighs seventeenth, is not really that good, is it.
How do you get while I came suventeenth? Not really

(13:02):
a thing anyway. Simon Pig who's being there from the start.
He plays Banji Dunn. He's been on the Chris Ebans
break for show in the UK.

Speaker 12 (13:10):
It's the biggest film I've ever seen. I mean in
terms of the scale of it, it's just vast in
terms of the locations. We go literally from the top
of the world to the bottom of the world to
Cape Town. That obviously everyone always talks about the stunts,
but at the heart of the movie it's incredibly sort
of emotional and there's you know, this is the end.

(13:31):
So there's lots of really really amazing character stuff. Tom
and mceute are always always at pains to make sure
that you love the characters that all these crazy things
are happening to, because if you don't, those crazy things
will ring hollow, you know.

Speaker 2 (13:44):
For all the characters. Everybody gets an arc.

Speaker 12 (13:46):
Everybody gets a really sort of powerful emotional beat and
it's moving, you know, and I shed a tear and
I think partly because it's been twenty years of my
life and partly because it genuinely gets to you.

Speaker 2 (14:00):
There's some real moments in it. Okay, Mission Impossible eight,
Final Reckoning that's out tomorrow week. By the way, quick
poll out of the post the voting in the UK.
Speaking of elections and democracy, you gub this morning in
the UK, Faraj is still leading twenty eight percent, Labour
twenty three. There's panic setting into the Labor Party apparently
Labour twenty three so Farage twenty eight, Labor twenty three,

(14:20):
Tories eighteen. Their toast was taken on Sunday, Monday, before
the big immigration crackdown, but they've been talking about the
immigration for ages, so they thought that's probably involved in it.
So it'll be interesting to see whether the itever translates
into anything at the general election. Now, this right to
repair thing, you remember that the Greens came up, It
was Marima came up with us and it's that select

(14:42):
committee stage. But already we've got some trouble on your
right to repair stuff. So we'll have a look at
this after the news which is next You're on the
mic Hosking.

Speaker 13 (14:51):
Rest the news and the news makers, the mic Hosking
Breakfast with the range rover villa designed to intrigue and
use togs v.

Speaker 2 (15:03):
Well, I'll try and explain this so it makes some
sort of sense. But the Philippines election, and there's lots
of people that are half the Senate, the lower some
of the Lower House, lots of councilors, mess all that
sort of stuff, the important parts of the Senate. So
the part I alluded to before is the former president
Deterte Rodrigo. He's been nabbed by the Hague. They want
to have a word about the drug war and all
the people he killed. He's been elected the mayor of

(15:25):
his home region. So how he does that, I've got
no idea. Meanwhile, two of his most loyal aids, a
guy called Christopher Bongo and Ronald Barto dela Rosa, who
was a police chief. They've been elected to the Senate
as well. Is that significant, Yes, it is. Currently the
president is a Marcos, the vice president is a Deterte.
The Deterte is the daughter of the bloke who's at

(15:46):
the Hague. The point of the Senate is that if
you control the Senate, you can potentially control whether the
Deterte runs for president in twenty twenty eight. They want
are out. So only six of the twelve senators are
from the Marcos alliance. This is not good. Four of
the senators in the Deterte camp, including the president's sister,

(16:07):
two of the top three vote winners, so this is
not good for the incumbent president. So in other words,
Dette might be able to run for president because the
Marcoses and the Dedertes don't get on well. This is
all predicated on the idea that only sixty eight percent
of the vote has come to pass. So things may change,
but be rest assured. I'll keep you posted. Twenty two
minutes away from seveny Now back here you might remember

(16:32):
the Right to Repair Bill. It's excellent committee stage and
the Warehouse weighing and looking to push the Commerce Commission
to hold overseas manufacturers to account now their claimers retailers
are being stonewalled by overseas suppliers. Bill coming is the
GM of Sustainability and Ethical Sourcing from the Warehouse Group,
and he's with us. Feel good morning to you, Good
morning mate. As a concept are you into this or not?

Speaker 10 (16:51):
Really, we absolutely support the intent of the bill. We
think people every day key we should have able to
fix the stuff when it breaks, when it goes wrong,
but not not just throw that out and buying you.
But for it to work, the rules need to be
fair and work for everyone. That means making sure manufacturers

(17:12):
do the bit, particularly those overseas that are here and
they don't get a three pass, and we have a
network of repairers here that can do the right job
safely and properly.

Speaker 2 (17:21):
I think you've just outlined the various problems with the build.
None of this is real, is it. I mean the
Commerce Commission will have no control over accompanying at the
back quarters of China who made something that arrived in
the country that now doesn't work. I mean, who's listening
to the Commerce Commission anywhere outside of New Zealand.

Speaker 10 (17:36):
Yeah, that's right. I mean, the the Commerce Commission does
have powers to act when manufacturers don't meet their obligations.
But in reality, as you rightly say, if you if
you've got a company based overseas, those those consumers are
left largely left sorting out, often turning to retailers like
US to help, which is why we need we do
need as clear or stronger rules to make sure that

(17:59):
those those companies are held accountable and those those are
the space here aren't picking.

Speaker 8 (18:04):
Up the path.

Speaker 2 (18:05):
Say I buy something from you and this law has passed,
and I want to repair it, and I bring it
back and I say, see this it's broken.

Speaker 14 (18:12):
Now.

Speaker 2 (18:12):
First of all, I'm assuming the law will say you've
got to tell me how it's broken or why it's broken,
and you need part ABC and screwed D and then
you need to source that is there. How it's supposed
to work.

Speaker 10 (18:23):
So how it's supposed to work is effectively you know
the rule that you've already got rights now repair everyone's
got repair rights now. Well, with the big gap is
around parts, tools, technical information. Well this will What this
way enable is is effectively required those who bring stuff
onto market, manufacturers and importers to open that up, make

(18:44):
that available. Obviously you don't want, you know, particularly in
safety critical stuff, you don't want people sort of going
off and trying to do their own DIY. But but
you make it possible and make it easy access to
safe repairs and then obviously for things out of warranty
you make it even easy for people to fix stuff.

Speaker 2 (19:01):
There's a cost in this though, isn't it. The more
you have to do, the more I'm going to have
to pay as a punter.

Speaker 10 (19:08):
So potentially, I mean, I think, you know, we are
already stepping into that space, right, so we know, I
think where where there is a bit of an impact
and the customer can't sort it out, we as retailers
already doing that and then we're having to try and
then recover those costs for the manufacturer. We just have
recent case recently where it's just taken a year for
us to do that, where we pick something for the
customer that said, you know, if the bill's done right,

(19:33):
it needn't do and if it's practical, proportionate and everyone,
and particularly on those higher value products as well, they're
making it easier, would help help the consumer, help reduce ways,
help us drive better service, and obviously potentially even make
products ideally more repairable. So it could drive innovation as
well if it's done well.

Speaker 2 (19:51):
But doesn't most stuff crep that we buy and then
it breaks when we throw it out.

Speaker 10 (19:56):
Yeah, Look, I think I think there's that that I
think that I think there's there's some true I mean,
I think in reality, you know, stuff that's available is
you know, there's the stuff that's available for a range
of price points and and to suit different needs, and
it needs to be for purpose. I think what we'd
say about this bill is that, you know, it needs
to be proportionate and needs to really focus on those

(20:17):
things that are at the moment. It applies quite widely
in most markets. For example, EU, it's predominantly electricals, and
I think, you know, I think you could have a
situation here where it's focused on those those those sort
of higher value items and maybe have a principles based
approach outside of that to just make it easier for things,
for things if if people do want to repair, and

(20:39):
rightly so in some cases, all.

Speaker 2 (20:41):
Right, film, go well with it, Appreciate it. Phil Coming,
who's the gem of sustainability and ethical sourcing at the
Warehouse Group. All I know about that is that's going
nowhere because Merrimad dreamed it up and it's full of
fencible nonsense. I've got an old AUDI and I've got
several parts I can't get for it because they don't
make them anymore. So does that bill cover this. Are

(21:01):
they going to suddenly make Audi in Germany produce parts
for nineteen ninety three UTI? Now, of course they're not,
so why are we wasting our time on this? Seventeen
Away from seven, the.

Speaker 1 (21:10):
Mike Hosking Breakfast Full Show podcast on iHeartRadio powered by
News Talks.

Speaker 2 (21:16):
Very good example, Mike wondered, the part's rules apply to
hearing aids when I have perfectly good working aids, but
I'm told my one is now obsolete, can't get parts, Cindy,
well done, So let me know what is it you've
got that you would want to repair yourself and therefore
have somebody supply you with.

Speaker 15 (21:32):
Just will apply to things that are being sold once
the rules correct.

Speaker 2 (21:37):
But what is it? Give me an example, Well, there
would apply to hearing aids so well, would it? Because
what are they going to do with a law and
news home.

Speaker 16 (21:44):
You wouldn't be allowed to sell it, so.

Speaker 2 (21:46):
You wouldn't bring them in. So suddenly the supply issue,
the supply chain would become a major. So if you
can't supply the parts, so you wouldn't sell Audi's, you
wouldn't sell hearing aids.

Speaker 15 (21:55):
Well, I mean you're Audi. Example, that's an old Aldi Audi.
It's not a new one, is it okay?

Speaker 2 (21:59):
And what about iPhones? I fits, yes all that. So
they wouldn't bring them into the country under the law.

Speaker 15 (22:05):
Well no they would, but they have to be as
long as they were appearable and tick like that has
been made more repaarable apple products as you just mentioned,
they actually been forced like places like the EU too,
you know, get in line with this kind of thing.

Speaker 2 (22:20):
So this works you reckon well? Possibly fourteen two.

Speaker 1 (22:25):
International correspondence with ends and eye insurance, peace of mind
for New Zealand business.

Speaker 2 (22:30):
I'd Richard on wanting to you, what do you make
use the money's flying in it?

Speaker 17 (22:35):
It is and the Saudi certainly know how to deal
with Trump when it comes to these That is the
flattering and the fan fair may quite deceive. The Saudi
fighter jets a company Air Force one. As it flew
towards rear than Trump was greeted by the Saudi crunk
Prince may have been sulmon and ceremonial horses followed his
vehicle to the meeting place. There, the Crown Prince and
Trump greeted a host of rich folks business leaders who

(22:58):
had flown in from all over the world to who
shake the hands of the two men and speak with
Trump for maybe thirty seconds a piece. It seems this
is of course the same crown prince who had links
with some of the fifteen Saudi agents who murdered the
US journalist Jamal Khashogi in twenty eighteen. They ambushed him
at the Saudi consulate in Istanbul, then strangled him and

(23:19):
cut him to pieces. The Saudis then imprisoned hundreds of
dissidents in their own country and imposed a climate of fear.
When Biden was in Saudi three years back, he confronted
Bin Sulmon about this. But today it has all smiles
and mostly yes. Money talk, lots and lots and lots
of money being spoken about. The Trump team claims it
has secured deals with six hundred billion US dollars. Trump says,

(23:41):
make it a trillion, and they all laughed raucously. Details
are vague, as ever, the Saudis played the Trump campaign
song God Blessed the USA as Trump appeared at an
investor's meeting. Ilon musks there as well, trying to extend
his starlight system and maybe big tunnels under the place.
Trump's son of law Jared Kushner, who got two billion
from the Saudi source is along and the Trump's sons

(24:02):
have massive real estate deals in the works in all
three of the countries on the Trump visit.

Speaker 2 (24:08):
Trump Tower, Jeddaks coming soon.

Speaker 17 (24:12):
Ah, they're already advertising guard though. So this is well.
Is it about boosted US economy or the Trump family fortunes?
That is a question being raised over here. What are
the Saudis getting in return for all of this ararazzle dazzle. Well,
the Crown Prince asked Trump to lift US sanctions on Syria.

Speaker 3 (24:31):
Sure, says Trump, I will be ordering the cessation of
sanctions against Syria in order to give them a chance
at great for sheers.

Speaker 18 (24:39):
In the room.

Speaker 17 (24:40):
Following the overthrow of Assad in December, the Israeli has
not consulted on any of this, it would seem. There
is also a deal to cell Us design AI artificial
intelligence chips to an Emiradi firm that previously was investigative
things with China. But what they we're talking big money
once again. There has been some congressional reaction to that

(25:00):
earlier this week that Trump wants the delivery of that
four hundred million dollar plane from cataut To Services Palace
in the sky a new air Force one. Some US
lawmakers say, you would need to strip the jet down
to its very quarter to make sure it isn't bugged
and it's secure enough to be a flying oval office.
Trump says of this, I.

Speaker 3 (25:18):
Would never be one to turn down that kind of
an offer. I mean, I could be a stupid person
say no, we don't want a free, very expensive airplane.

Speaker 17 (25:28):
Pressed about these security concerns, Republican Senator Cynthia Lummus of
Wyoming gave this response.

Speaker 18 (25:37):
Well, they better sweep that plane from.

Speaker 7 (25:42):
Front to back.

Speaker 17 (25:44):
So yes, Mike, ause you hear they're taking it very,
very seriously.

Speaker 2 (25:50):
Oh, catch up in a couple of days. By the way,
just quickly on Trump, the custom duties receipts for the
last month sixteen point three billion. So this is the
tariff's eighty six percent above the eight billion for March,
more than double the seven point one billion. So it's better.
So tariffs bring in money, yes, but it's nowhere near

(26:11):
the eight trillion he was claiming, nine away from seven.

Speaker 1 (26:15):
The Mike Hosking Breakfast with Bailey's Real Estate News Talks
Dead b Mike.

Speaker 2 (26:19):
Yesterday got our first bill from a US supplier, including
tariff off sets. Don't text me that. Tell me what
it is. What do you do? What's the bill? Where
did it come from? Give me some detail for goodness sake, Mike,
I'd like to get a replacement battery for my dice
and vacuum which is less than ten years old, but
it's now a legacy model. It is exactly what I'm
talking about, Mike. Tractors manufacturers have you by the short
and curlies won't let yourself repair or get a reasonably

(26:39):
priced mechanic to do repairs after warranty period is up.
Huge fight in the States with John Dearon that's been
going on for years. Mike, I've got a ninety one
to out GT four r C Carlos site special edition.
Most genuine parts have been discontinued, Mike. Heads up for
the owners of Wrexham, if they want a full house,
they need to bring their wives. Why would you bring
Blake interested?

Speaker 1 (27:00):
Like?

Speaker 2 (27:00):
This is what I'm asking. Why would you go see Rixham,
who are a second tier football side, other than the
fact you might have seen a documentary And the only
reason you saw a documentary is because Ryan bought it,
and good on and for buying it, and good on
the success. Great story, But they're not. It's not Menu,
it's not Mean City, it's not Chelsea, it's not Liverpool.
It's just a second tier side that comes to play
football in the country. Is that a big deal? Are

(27:22):
you going because Ryan owns it? Therefore? Is are you
the same sort of person who doesn't buy a Tesla
because Elon owns it? Or is it something more than that?
Five minutes away from seven.

Speaker 1 (27:33):
The inns are the ouse. It's the Fiz with business
fiber take your business productivity to the next level.

Speaker 2 (27:40):
Streaming news. ESPN's got this new application or app. It's
the sports part of everything that Disney Plus offers. Because
Disney owns ESPN. Of course the streaming service will be
called ESPN. That'll be useful. If you just buy the sport,
it'll cost you fifty bucks fifty. This is New Zealand money,
fifty dollars fifty. If you buy it along with the

(28:00):
Disney Plus package, it'll cost you sixty sixty. American customers
will get Hulu with that. We can't get Hulu, So
the annual subs five five five hundred and five bucks.
It will have everything from the NBA to the playoffs,
to the NFL, the NHL hockey, whatever else you can
think of the ESPN offers. But you've already got ESPN

(28:21):
because you've got Sky. So you think, why am I
telling you this. I've already got ESPN on Sky needs
to be downloaded in a separate app to add to
all the other apps you've got. And the service differs
from the current one of ESPN Plus, which is the
entry to you where you don't get a lot of
live games, but apart from that piece of cake, ESPN

(28:45):
Plus cost you twenty dollars a month.

Speaker 19 (28:48):
Got any of that?

Speaker 2 (28:50):
How confusing does it need to get before our heads
all explode? I discovered all this the other day. I've
got Disney Plus, of course, because I'm an idiot who
just pays out money for everything. So then I thought,
I've got live basketball. I'll click onto the li Basketball.
But then as I clicked onto the Lies Disney Plus
ESPN Plus Basketball, I didn't thought, well, hold on, I've
got top in on Skimmer. So I'm playing now for
this twice. I'm playing two times over for the same thing.

Speaker 16 (29:12):
This is too many, and you're paying for Neon as well.

Speaker 2 (29:14):
I'm paying for Neil. I'm doing it all. I'm paying
paying for everything. I mean, I'd pay for Audi parts
if they made those, I'd get a new battery from
a dice and cleaner, because if they make I've got
I'm just a sucker. I'm your classic sucker for a
new product, a stupid idea, and a lot of money.
Come to Mike, You'll get me every time. Speaking of money,
Nikola Willis, So we're going to make a withdrawal from

(29:35):
the super fund for the first time. Is this actually
going somewhere? Is this actually going to solve the problem
which was the idea in the first place? She's Willi's next.

Speaker 1 (29:44):
The only report you need to start your day on
my casting Breakfast with Bailey's Real Estate, your local experts
across residential, commercial and rural news.

Speaker 2 (29:54):
Togs Head be past seven. So is this the coming
of age of our super fund set up to ultimately
at least part we fund our superannuation requirements. It's been
announced we'll be making our first withdrawal in twenty twenty eight.
That's five years earlier than thought. Finance Minister Nikola Willis
good morning, very good morning. Still three years out, are
you confident on these numbers you'll be withdrawing and withdrawing
well or not?

Speaker 20 (30:16):
They are forecasts. They're based on a formula that's a law.
It's a very complicated formula to do with how much
is in the fund, what GDP is, how many tax
payers there are, all sorts of things. But that is
Treasury's forecast at this stage, and it gives you an
indication of where we are, which is we've all talked
for several years about it. At a certain point, the cost
of superannuation will get very high and then we'll need

(30:37):
the super fund to help. We're now at that point.

Speaker 2 (30:39):
Indeed, does it solve the problem long term? In other words,
it pays for a retirement or not?

Speaker 20 (30:46):
Well, it helps offset the costs of New Zealand superannuation.
So that is a contribution towards paying super.

Speaker 2 (30:53):
Yeah, but what in its golden moments? What percentage will
it offset?

Speaker 20 (30:59):
And it's golden moment, it's only going to be about
twenty percent of the total cost jees.

Speaker 2 (31:03):
So we haven't extinguished the debate as to whether we
need to retire older yet.

Speaker 20 (31:09):
Well, there's no getting away from the fact that superannuation
is very expensive. Just in the next few years, it's
going to leap up to twenty nine billion dollars a
year because there are a lot of people over the
age of sixty five and superannuation is pegged to the
after tax average wage, so that number keeps going up.
And that's the commitment that we have as a country

(31:31):
is to fund that entitlement, and we then need to
pay for it, and there are fewer tax payers of
course in the future to help pay for it.

Speaker 2 (31:38):
Other side of the equations, Ken we Save, you're going
to do something in the budget. Yes, I am good
to the positive.

Speaker 20 (31:47):
Yes, because I want to see people's key we Saver
balances grow. I think key we Saver has become particularly
important for those saving to buy their first time. You
had more than forty thousand people use key we Saver
to do that in the past year. And it's also
become an increasingly important supplement for people's retirement income. And
so we'll be announcing some changes, and I think they're positive.

Speaker 2 (32:10):
Good changes from your side of the equation or out
side of the equation.

Speaker 20 (32:14):
I'll be announcing some changes and there's only eight slips
to go until everyone can read all about it in
the budget.

Speaker 2 (32:20):
Have you read all of a Heart, which is peace
in the heral this morning?

Speaker 20 (32:24):
I have not read that yet.

Speaker 2 (32:25):
Well worth reading too much government in this country, and
research says the bigger that government is, the more inefficient
we are, and we're hopelessly in efficient. Fair or not.

Speaker 20 (32:35):
Well, we have a goal of getting the proportion of
government spending as part of the economy down to thirty percent.
We're making progress in this budget.

Speaker 4 (32:43):
I'm getting that down.

Speaker 20 (32:44):
I agree with the idea that you've got to give
everyone room to do their own thing. And if government
is taking up more and more of the resources, creating
more and more red tape, getting more and more in
the way and out competing the private sector, that's a problem.
Squeezes out innovation, squeezes out good ideas exactly. I got
to keep it in proportion.

Speaker 2 (33:01):
You your target is thirty his number this morning's thirty eight.
When are we down at.

Speaker 20 (33:04):
Thirty Well, we've set that as our medium term target.
You'll see at the budget that we're making pretty good
progress of the next few years and getting towards that number.

Speaker 2 (33:14):
All right, appreciate you time, Finance Minister Nikola will as
the piece as well worth reading. As I alluded to her.
She says thirty it's currently thirty eight percent of the economy.
The size of the government of this economy is ridiculous,
he claims, despite what Nicholas says at thirty percent, he
claims international optimization is between twenty five and thirty. It
is ten minutes past seven, last geting. Now the budget

(33:35):
announcements coming thick and faster. We wind up to next week,
of course, one hundred and forty million now for the
front line Attendant services, that's what they're calling it, front
line Attendant services to get schooled attendants up. The new
services will be more data driven, with a focus on
accountability and monitoring. David Cemore's the Associate Minister of Education,
of course, and is with us. Very good morning to.

Speaker 18 (33:53):
You, Good morning mate.

Speaker 2 (33:55):
Ahead of this, what are the numbers so far? Are
you winning the battle on getting kids back to school
or not?

Speaker 18 (34:00):
Yeah, there's been good improvements. If you look at term
on term over the last year, we're doing about five
percent better each term than we were the same term
a year earlier, so where we were getting numbers of
maybe fifty something percent of students attending regularly. That means
ninety percent or more. We're now getting more something more

(34:25):
like low sixties depending on the term, So that trend
is positive, but it's also nowhere they're good enough. Our
goal was eighty percent, And in my view, you know,
the thing that will tell you the most about where
New Zealand's going to be at ten or twenty fifty

(34:46):
years time from now is how many kids went to
school yesterday.

Speaker 2 (34:50):
That is correct. The accountability aspect of it is everyone
who can playing ball, schools, et cetera.

Speaker 18 (34:58):
Look, I think the truth is our attendant services have
been really really mixed. So there's some heroes out there,
but ero also found some really really pathetic practices when
we got them to review it at the end of
last year. That's why we're going big on attendance. Financially,
we're putting one hundred and forty million dollars of extra

(35:22):
taxpayer money over the next four years. That's thirty five
million a year. I'm not generally keen on spending more money.
I think this is an area where it's worth it.
If we have the accountability, what do you buy?

Speaker 2 (35:34):
Are you buying people?

Speaker 18 (35:36):
We're going to largely largely services. So there's going to
be about eighty regions and each one is going to
have a single attendance service that schools can call on.
But that's going to be backed up by much better data.
Because when I sat down with the Ministry when I
got this job at the start of last year, I said, well,
what are you doing? And they produced a big spreadsheet
and I said, well, which of these are the most

(35:58):
effective things we're doing to get kids to school? And
they said, oh, we don't know. So I then went
out and did a series of meetings or I just
listened to principles Attendance Officers, you ad police and said, well,
what actually works and what we're putting in place is
something called Star steped Attendance Response Scheme. That means that

(36:20):
for any level of attendance, if a kid's attending a
ninety percent plus, that's great, nothing to see here. But
as their attendance declines, the parents, the school, the Ministry
of Education, are their agencies in the community, ordering a tarmurki,
the police, they all have a role to play depending
on which step we're at and how we're responding. So

(36:41):
we are putting in more money, but we're also measuring
it a lot better with a much better data. I
can now tell you that yesterday eighty five point nine
percent of students were at school compared with eighty nine
last Tuesdays. It's kind of bad for this week, and
we're going to make sure that we actually get results
out of this money, because you know, this is hard
to learn when you're at school, impossible if you're not well.

Speaker 2 (37:03):
So David Seymour who also today, by the way, I'm
sure he won't be attending, but the White Tangy Tribunal
is having another one of their emergency hearings, this time
over the Regulatory Standards Bill. There's a lack of a
specific tetirity treaty clause in the proposal, and the combined
legislative pincer movement that is the RSB and the TPB

(37:26):
as in the treaty being needs to be dealt with
byd Tribunal Today fourteen past seven.

Speaker 1 (37:33):
The High Asking Breakfast Full Show podcast on iHeartRadio powered
by News.

Speaker 2 (37:38):
Talks at b Mike. Is that thirty percent government stat well,
it's more than thirty. They're aiming for thirty central or
local or both. It's combined seventeen minutes past seven. Good
news for New Zealand Inc. I think a Targo is
to be home of the country's biggest inland port. Private
and Best is looking to think about three billion into
a two hundred hecty development north of Milton. Milton, south
of Dunedin. Of course the idea to relieve congestion, JI

(38:00):
and freight is forecast to grow thirty to forty percent
over the next decade. Now, Mark Johnston is the land
and delivery manager that called the Stewart who are one
of the developers and he's with us Mark morning, Mike.
Is this like the Hamilton super Hub?

Speaker 21 (38:15):
It's similar, similar, Mike, that's right down, similar to Recura.
It's a bill get integrated in landport. And also there'll
be land available to develop warehousing and other industrial buildings.

Speaker 2 (38:28):
So is it Yeah, that's what I was going to ask.
Is it movement or storage or both? They'll be both, Okay,
So being south of Dunedin. The beauty of the Ruakura
thing is it's part of the diamond, the triangle, whatever
shape you want to call it. What what's Milton part of?

Speaker 21 (38:45):
Well, the majority of all the goods that come to
Pork charmers in Donedan are from Southland and the target
and they come down to stay hurry wan right past
our site on their way through to Dnedin.

Speaker 2 (38:55):
And that growth you're talking about thirty to forty percent in.

Speaker 21 (38:59):
What that's in logging and other goods just manufactured and
grown in those regions.

Speaker 2 (39:07):
Super encouraging though that it's growing by that much.

Speaker 21 (39:10):
Yeah, No, it looks great and you we're really excited
to present this an import development for the region.

Speaker 2 (39:17):
Where's that paper wise red stamp wise eurocrious land wise.

Speaker 21 (39:23):
Bureaucracy rights, that's right, that's right. The land is zoned industrial.
It was rezoned several years ago in the community had
a chance to consult on it back then. So we're
just working through the mass plan now and we'll be
lodging for resless content later on the year and building
contents to follow.

Speaker 2 (39:40):
And the time frame roughly in the beast of all
possible worlds, we're.

Speaker 21 (39:44):
Hoping to be to start construction within twenty four months.

Speaker 2 (39:47):
Good. Are you part of the first track?

Speaker 21 (39:49):
No, we're not because the land is already zoned. We
don't need to use the fast track X for this project,
which is which is encouraging.

Speaker 2 (39:57):
I hope, so good luck with it. Go well Mark
Johnston who who's a land and delivery at called the Stewart.
It's a big project. They're big and to solar there
as well, and you'll be able to benefit if you're
involved in that NBA league passed. Mike's about twenty dollars
a month to watch every single NBA game ridiculously cheap. Yeah,
but you've got to be a super fan, don't you,
with all the other expenditure you've gotten streaming services. But
good on you, Mike. I launched an app where you
can watch objectionable porn on your work computer and not

(40:19):
get in trouble. Sixty two dollars ninety a month to
get access to work porn. Plus let me know, Mike
Sky doesn't have four K for NBA Disney does Does
that make a difference. I happen to watch, as I said,
the basketball the other day on Disney. I didn't notice
any difference, So or is that?

Speaker 16 (40:33):
As we know?

Speaker 2 (40:35):
It's just me, Mike, my seven year old, My seven
year old new as LG fridge freezer has a gas leak,
but no one repairs them in Wellington. So I had
to buy a new one. See that's the sort of
problem I'm talking about.

Speaker 19 (40:46):
Now.

Speaker 2 (40:46):
That doesn't mean you can't get a part. It just
means you're claiming you can't find a new one to
do it, which might be a different argument.

Speaker 1 (40:52):
Seven The Mike Asking Breakfast Full Show podcast on Ahard Radio,
oh if By News Talks Evy.

Speaker 2 (41:03):
Now you've been waiting for the right time to stock
up on the favorite big brands At chemist Warehouse, Time
to go Chemist Warehouse may Hem Megasale is on their
in store or online. At chemist Warehouse, you can find
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all your favorite big brands. They've got the biggest range
of Go Healthy and Good Health vitamins all up to
half price, Favorite Health reas or Neutral eye vitamins up
to half price, a Romel or Revlon. The cosmetics up

(41:26):
to half price, Olayo, Doctor Lewin's skincare up to half price,
shop the herbal essences, Classics and Tresseme ranges up to
half price. Good news doesn't stop there. You can get
the I and C sports nutrition, the Bondie protein or
the Bondye protein. Is it PAM Bondi or Bondi Beach.
You can't know anyway up to half price. This is
the sale you've been waiting for, So you get in store,
you can do it online and you can stop paying

(41:47):
too much. These great chemist Warehouse may Hem mega sale
offers got to end fourth of June. Teas and Seas
apply PASK eleven twenty four. Here's another example of the
way the pay equity game is played by the media.
If you choose not to call a minister a sea word,
you can run a headline like this ministers set to
take big pay rises right after wiping thirty three pay

(42:09):
equity claims. Now that was the headline and newsroom yesterday.
It's dishonest in its inference, its emotive, it misrepresents what's happening,
and in that is the government's battle to try and
convince the casual observer there is merit in what they
have done and changing the law. Firstly, a minister's pay
and an equity claim are two completely different things. Secondly,
a minister's pay is not equity based because a woman

(42:32):
minister gets what a male minister gets, always have, always will,
making it slightly more complicated. A minister's pay is not
merit base. They all get the same no matter how
hard they work, how many portfolios they have, how good
they are or are not. Thirdly, although the thirty three
equity claims were wiped, it doesn't mean they were stopped
from going ahead under new rules. It doesn't mean they
won't succeed under new rules. We haven't yet seen how

(42:53):
that particular story unfolds. Fourthly, and part of the reason
for the rule change is a lot of the claims
were not equity claims. They will bargaining masquerading as equity
from the Union's Fifthly, the fact a minister gets a
pay rise is not a minister's doing. It's an independent
body over which a minister has no control. Like an
equity claim, the body looks at similar work to a
minister's and makes a call based on those numbers. The

(43:15):
irony of that being who do you compare a minister
to You can't. Of course, a PM especially is unique,
So it's a muddle. It's a system that's okay only
because we can't think of another one. But at no
point is it about equity. The emotion of the debate
overtook the rationale of the debate. The moment Brook van
Velden made the announcement and it's gone downhill ever since.

(43:36):
And sixthly, the headline uses the word claim a ministerial pay.
There is no claim, just an occasional decision independently reached.
So overall, in terms of discourse around a detailed of
not complex issue apples and apples is what you might
hope for, not immaturity in muddied waters, which is what
we've gotsky one have you said the same thing, So

(43:58):
I'll put this across, So thank you. Insta hack. I
don't know if it's an insta hack or just a hack.
New battery for Dyson's. You take off the battery, click
in a battery adapter, you use the rechargeable batteries, et cetera,
et cetera. So well done that my mate Gelvin came
around keets it assembly. We bought a bike. Foolish decision.
The bike has a battery operated They call it a

(44:20):
flight panel, which is a very grandiose thing for the
numbers that come up on the screen. Anyway, there was
no way you can undate.

Speaker 16 (44:27):
We're talking about stationary bike here.

Speaker 2 (44:28):
Stationary bike right, okay, spin bike right right.

Speaker 15 (44:31):
I just thought that you had like a bike that
you were biking around.

Speaker 2 (44:35):
Flight panel. It's a flight panel anyway, the flight panel
couldn't get them off, had all the screwdrivers, all the
tech spent three weekends on it. Galvin comes round. It's done.

Speaker 16 (44:47):
See that's the thing. You can have the right to repair.

Speaker 2 (44:49):
But should you exactly? That's my whole point. How much
stuff do you want to muck around with? And what
risk are you're taking that you will kill yourself or
indeed somebody else with frustration us for you. In a
couple of moments Politics Wednesday after Great by the Way
like Mitchell, Jenny and to Sondboard Mazoni.

Speaker 1 (45:13):
New Zealand's voice of reason is Mike the Mic asking
Breakfast with Vita, Retirement Communities, Life your Way News, togs
Head be Mike Well.

Speaker 2 (45:23):
Right to repair bill include the ability to fix the
stupidity of idealistic politicians who don't realize it costs a
minimum of three hundred and fifty dollars for the average
repair on any appliance that requires two visits from a
repair person, and new appliance costs around one thousand dollars. No,
of course it won't and that's When I first heard
her talk about it, I thought, this is for people
who sit in sheds and want to make an old

(45:44):
lamp lass that their grandmother gave them, and they want
to get a few special screws and stuff like that,
and you know, fantastic, God bless you if you want
to do that. But the world's moved on from that.
By the way, I've got a price on the wildfires
out of Los Angeles. Is that so far this year
the most forgotten story of all for a world that
was literally obsessed for days on end. The moment we

(46:07):
became not obsessed. We moved on in a way that
no one give us a monkeys. Who were the guy
we had, the comedian we had on the other day, Yeah, Perven,
Jeremy Piven. So I asked him about it, and he said,
nothing's changed. If you go up into the areas of
the vote, nothing said, nothing's been rebuilt. It's all black
and everyone's still gone, and no one gives a monkeys.

(46:27):
The whole world's moved on. The bill or part of
the bill came out overnight. Munich Ree and hanover Ree,
who are reinsurers, say are the insurers who ensure the
insurers anyway, they reported in Germany they're German reinsurers and
they're just part of the equation. A lot of them
are Swiss anyway, two billion US so four billion there
part and their part alone on claims and insurance four

(46:49):
billions and counting. Imagine what the overall bill And I
don't think anybody knows will be twenty two minutes away
from eight follows Wednesday, Mark and Jinny after I of
course meantime back here inciting about drug habits. The latest
U Zealand Drug Trends survey shows the increasing use of
social media to purchase MDMA.

Speaker 18 (47:10):
This is so.

Speaker 2 (47:11):
Depressing, up from thirteen to twenty four percent of the
last four years via the web. Most popular apps for
purchasing your MDMA and all your other drug Snapchat or
the Facebook Messenger.

Speaker 1 (47:22):
Now.

Speaker 2 (47:22):
Chris Wilkins is a drug researcher at Massing Universities. Well,
it's Chris, very good morning to you.

Speaker 14 (47:27):
Good morning Mark.

Speaker 2 (47:28):
Is this any different to me purchasing anything using an app?
I mean, in other words, drugs is just like a
fridge is like a car.

Speaker 10 (47:36):
That's right.

Speaker 14 (47:36):
So this is a general implication of revolution and social
media and digital online selling and shopping. But I think
we need to be aware. It's just unfortunately some of
these apps are particularly conducive to drug buying and selling,
and that they have encryption, natural networking and self delete messages.

(48:01):
But I just think we need to be aware of
how that market has really changed, just like a lot
of other things, and it has implications for how young
people are engage and become aware of drug use.

Speaker 2 (48:12):
So in other words, you would never as a sixteen, eighteen,
nineteen year old, wander around the corner to find the
gang member to flick you a bit or whatever, but
you might stumble upon this online and then doing that
you're down a slippery slope.

Speaker 14 (48:25):
Yeah, that's right. So I mean for older generations we
think about drug markets is that the bad kid in
the class and getting to know them and you know,
behind the pub and stuff like that. So this is
much more insidious. And then we've got an algorithm that's
working fishing for likes for people engagement, and that means
a broader cross section of young people. Some young people

(48:47):
that wouldn't really expect to be exposed to drug use
are through Even things of like gaming apps are now
used for these kinds of deals.

Speaker 2 (48:58):
How do you know who you're dealing with, what sort
of risky you're taking?

Speaker 14 (49:03):
Yeah, that's right. So and there's a whole new bunch
of risks. So even though you might buy drugs online
through social media, often you need to physically go and
pick up drugs or you need the drugs to be delivered.
And then suddenly you're moving away from that safe, digital,
anonymous environment to something that can be quite real. And

(49:23):
there has been situations where people turn up to buy
drugs and they find a gang member instead of who
they were expecting.

Speaker 2 (49:30):
Exactly are we outlies and this? Do you have any
sort of international flavor for whether we're a bunch of
drug addital losers or the whole world's into this?

Speaker 14 (49:38):
I know the whole world is into this, and I
think this is something we already got to get a
handle in terms of drug supply and how drug markets
are changing, becoming digitalized, becoming global, and that really there
is some opportunities now to engage online, which is a
good thing to take, but really this is really ramping
up the level of drug mark curtain and the difficulty

(50:01):
in doing something about it.

Speaker 2 (50:03):
Good stuff. Chris almost enjoy your company. Chris Wilkins, who's
the massive universe that you drug researcher. It's nineteen minutes
away from Ete pasking new developments on my King Salmon
thing that we raised on the program yesterday. Boyo, boy
did that take off? There's a tremendous amount of interest
in the cost of things in this country. And also
King Salmon, is it not King salmon? Smoked salmon? King
Salmon was one of the companies were dealt with just quickly.

(50:23):
By the way, speaking of the cost of stuff, God
bless Donald Trump. It's not the first time I've said that,
and probably won't be the last. But what I didn't
realize is the EPA, which is the Environment Protection Agency.
He signed an executive order, and the executive order said
that you've got to scrap ten regulations for every new
one you introduce. So far, so good. One of the

(50:44):
things they're looking at scrapping is in your car, the
stop start system, and the sooner they scrap that, the better.
And if they do that successfully and that goes global,
I will vote for Donald Trump. In fact, I'll have
Donald Trump's baby because it is the stupidest thing and
that do you know what else the EU. It all

(51:05):
came out of the EU. The EU are now looking
at getting rid of carbon carbon bits in your car.
So when you buy a car, the flash bits can
be carbon. In fact, you pay on flash cars a
lot of extra money. You talk carbon fiber, carbon fiber.

Speaker 16 (51:19):
Yeah, and so.

Speaker 2 (51:20):
Your carbon fiber mirror, your carbon fiber splitter, your carbon
fiber roof, carbon fiber bits in there. They want to
ban that because they don't like carbon anymore. So anyway,
Trump's counteracting that if he can get rid of the
stop go, God bless him. Seventeen to two.

Speaker 1 (51:36):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks It be.

Speaker 2 (51:43):
Morning. Might we had a good quality for year old
q lead TV internal computer part break paid for it
to be assessed, but was totally to cost more to
repair than to buy a new one. That's the problem.
How much time and energy do you want to spend
on finding out something can be repaired? No problem at
all if you want to pay more than a new one,
that's the key. Why don't you turn the stop start
mechanism off by the button on the dash? Are you

(52:04):
asking that question for goodsall? Of course I can, and
I can then turn the traction control off and the
lane departure warning system off, and then I'll be late
for work. I agree, Mike. How many times do you
miss a phase that the lights with all the cars
starting themselves? It's true now Salmon yesterday, very good morning
to the people at New Zealand King Salmon, who went

(52:24):
to great lengths apparently to tell us how much they
love the program when Sammy called them Sami's research assistant
on the program, just to introduce them to you. So
my big thing over the weekend was I discovered by
accident that the cost of smoked salmon appears to be
well in excess of one hundred dollars a kilo. And
I was fully primed on the business of I, Philip
being anywhere between sixty and seventy dollars akilo. Lamb Cutlet's

(52:45):
being right up there snap of being about fifty something
dollars akilo. But the smoke salmon turns out to be
in a league of its own. And I spent a
bit of time over the weekend after we paid one
hundred and thirteen dollars only to find it you can
go to the supermarket and buy your regular stuff at
one hundred and twenty five to one hundred and twenty
nine dollars achilo. I semi, I see it as this normal.
What happens? How did something get to be so fantastically expensive?

(53:07):
So he rings king salmon. They do smoke salmon in
the high fifties, double the regular salmon. And as I
was I was writing suggesting yesterday, when you smoke it
you lose half the yield. Of course, geographically a lot
of salmon places are isolated, so you've got charging costs
on top of that. They claim in New Zealand charges
a lot to transport. You've got electricity prices, which is

(53:27):
the bog standard excuse for most businesses. We went to
Alraqi Mount cook online. Your hot smoked is sixty for
a nine hundred gram fillt so you're dealing with what
are you dealing with? Their seventy ish akilo. That seems
a good deal. High Country salmon was thirty for three hundred,
so in other words, about one hundred akilo. So by
the time you're getting it, if you're not doing it online,

(53:50):
by the time you get it to the supermarket, the
supermarket are charging. By my estimation twenty to twenty nine
dollars a kilo just margin. So that's a lot of margin.

Speaker 16 (54:01):
We need some kind of inquiry.

Speaker 2 (54:03):
I reckon, you need to get some What about the
grocery commissioner? Where's old Patrick or whatever his name is,
Get him onto this. There's a scandal brewing. We went
to akioa King salmon. They're doing ninety four fifty but
they were sold out. So it's an interesting debate, isn't it.
It's not like people aren't prepared to pay it. It's
not like it's not fabulous product. It's not like it's

(54:24):
not good for you. But it seems that online is
the way to go direct from the producer as opposed
to the supermarket, because the supermarket making Tomai thirty bucks
a kilo as a markup is unnecessarily high, and maybe
we are getting gouged after all. So there's your But
we're called perre not per p of inherent, isn't it?

Speaker 14 (54:45):
Yes?

Speaker 2 (54:45):
Yes, of course from sanitarium. Now I know how could
I forget him? So anyway, there's your smokes.

Speaker 15 (54:51):
My question behind all this is has it the seven
always been expensive?

Speaker 22 (54:57):
Like?

Speaker 15 (54:57):
Are you going to start complaining about them are going
to sacoplating about the price of cab adamorrow.

Speaker 2 (55:02):
No, if you say, if you said, if you said
to me, how much is salmon? I would have gone
about the same mistake. Sixty bucks tequilo. That would have
been my guess, not one hundred and thirty nothing, know
me something else that's outside of cavia. That's more than
one hundred and thirty dollars a kilo pine nuts? Gs eed, bollocks,

(55:24):
how much of pine nuts? Turn away from eight.

Speaker 1 (55:26):
The Mike Hosking Breakfast with a Vita Retirement Communities news togs.

Speaker 2 (55:31):
Had been Nipbull having a bit of a player eligibility
tet tete At the moment the Players Association want to
move the an Ze Premiership are to before or after
the Australian Super Netball comp so as this doable. Jenny
Wiley as Netball in New Zealand's Boston is with us,
good morning, good morning, with this whole kerfuffle around movement
of competitions and players offshore and eligibility, et cetera. How
much trouble is netball in as a sport.

Speaker 19 (55:54):
Look, Nipple's really strong and I think we're we're working
through a bunch of a sh who at the moment,
and it's not lost on us that it seems like
lots of moving parts, but we're really excited about the
direction that it's heading in.

Speaker 2 (56:08):
Can the competition be moved or not?

Speaker 19 (56:12):
Yes, it can, and I think if we were going
to explore that further, along with other options, it would
be from twenty twenty seven onwards. We have Commonwealth Games
smack in the middle of July of next year, so
our competition next year will kind of play out around
the same time it is now.

Speaker 2 (56:29):
So if you move and take the COLM Games into account,
do you then have to take the com games into
account the next time round if you move it and
it clashes again.

Speaker 19 (56:37):
Well, that's one of our challenges is we don't control
the timing of the COMM Games, and it makes it
really difficult from a broadcast and commercial perspective when it
does keep on moving. So ideally you'd have some certainty
and calm games would sit outside of the window, but
again that comes down to location and who's going to
stay in and who's going to pull out us and

(56:58):
so we're kind of at the whim of how though
those you know, the common Federation's planet and.

Speaker 2 (57:03):
If you did move the comp is it realistic to
expect top line Australian rock stars would come and play
here or not.

Speaker 19 (57:11):
Well, our intention is we want to have a competition
that is attractive to both Keywis to play in and Australians,
and we're already seeing some of Australians come and play
here because the opportunities are available to them. So if
you were, you know, similar to a cricket model IPL
where the top flight players can go and earn a

(57:33):
living throughout the competition structure as opposed to one pay
master in one location.

Speaker 2 (57:39):
What's your assessment of the top flight players that we
have that have gone is and their effect on damaging
the competition.

Speaker 19 (57:48):
Well, I think it's twofold. You want athletes that are
in country giving that to your community, but at the
same time you want them to be able to develop
and a lot of them are young women that you know,
the oees are important and being able to go and
do things outside of netbook are important. So the challenges
you've got to bring through talent, You've got to create

(58:09):
those personalities, but at the same time look after those
unique cases where they do have the opportunity to go
and develop and live overseas and do something a bit
different with their lives.

Speaker 2 (58:20):
Does your gut tell you this will work out well
in the end or you don't know.

Speaker 19 (58:25):
Look, it's a bit of a moving face. But we
as a sport are finding the landscapes really challenging and
we are having to think differently, and that means looking
at our commercial and broadcasting in a different way, but
having to really work with like minded entities around that
actually value women's sport because that's one of the biggest

(58:46):
things that we face into. But Nebel's one hundred years old.
Our community is growing. It's growing by ten percent year
on year, which is phenomenal given our quantity of people
one hundred and fifty thousand participants. And so our job
to make sure the long jevity of this elite game
for our those really you know, top flight athlete.

Speaker 2 (59:07):
Well, I'm Jenny appreciate it. Jenny Wiley out of Netball
New Zealand this morning Politics Wednesday, pleaded to cover off.
They rolled Winston Peters out yesterday on the five hundred cops.
So the emission has come. They're not going to make it.
Is that actually a big deal surely the numbers the
more important thing. Say it comes in at four ninety seven,
is that a fail if it comes in at two sixteen? Sure,
so we'll talk about that. Of course, the pay equity

(59:28):
thing as well. This and political matters.

Speaker 1 (59:31):
Shortly for you, Mike caskame insightful, engaging and vital the
mic asking breakfast with the range rover villa designed to intrigue,
can use togs ed bu.

Speaker 2 (01:00:00):
This is I want to say, I know Tom York?
Why do I know Tom York?

Speaker 16 (01:00:03):
He's the lead singer of Radio Gets.

Speaker 2 (01:00:07):
Do I know Mark Pritchard?

Speaker 17 (01:00:09):
Probably not?

Speaker 2 (01:00:10):
No, tell Tool Tails, Tool Tales is the album Mark Pritchard,
Tom York are the artists. It says here one of
the songs happy Days, you got happy Days? Then why
are you playing happy Days on the show that ends
every day with the words happy Days? I would have
thought that was a synergy that would this lay claim

(01:00:32):
is a carnivalisque part March oh yeah, suited to Banksy's dismalite,
and I like to banks I'm thinking of commercial aspects
of this appealing limited that is my own the thing question.
There are twelve tracks, obviously, some of them along because

(01:00:54):
The whole album goes for over an hour, one hour,
one minute and fifteen seconds. It is Type of Politics. Wednesday,
late minutes past eight, and we welcome to the program.
Jinny Anderson, good morning, Good morning, and Mark Mature, good morning.

Speaker 23 (01:01:08):
Corny might just quick question, are you looking are you
looking at putting a country music be into something together?
Because he seemed to be really promoting country music. We're
just trying to see him. The first thing he asked,
Ginny and I did you got Did you guys listen
to country music over the weekend?

Speaker 8 (01:01:23):
I said no.

Speaker 23 (01:01:24):
I said did you and he said yep? And the
supermarke and I said, we lined dancing in the fresh
Fruit and vision. It's the thing he said. Would have
said yes, He didn't deny it. He did not deny it.

Speaker 2 (01:01:35):
It's a very good question, Ginny. If you listened to
our new radio station, our new country radio station.

Speaker 4 (01:01:40):
I have not, but I have made a personal note
to do so in the next short while.

Speaker 2 (01:01:44):
What's the notes say, Dear Ginny, don't forget to listen
to the country music station.

Speaker 4 (01:01:48):
Do you have you got any ratings yet?

Speaker 2 (01:01:50):
You know, early days on the ratings, but Breakfast remained
strong on this station. But I think it's going to
weekend too, the afternoon show afternoons.

Speaker 4 (01:01:59):
Are you going to make any care appearances?

Speaker 2 (01:02:01):
Well, funnily enough, the boss asked me to do a
couple of promos for it, and I think I will
do those promos and I will appear in some way,
shape or form. I think it's my future, Jinny, to
be honest, because this talk radio things coming to a
slow end. So I think I'm going to move into I'm.

Speaker 4 (01:02:15):
Going to Can you do a bit of like a
Southern rule you can get the magic DJ voice to.

Speaker 24 (01:02:23):
You can get it really well.

Speaker 2 (01:02:25):
Do you know what the boss has just told me?
The Boss has just told me he's getting close to
replacing me with the AI editorial. So the MIC's minute.
He was up last night and he was saying, write
editorials about this, that and the next thing, and he
reckons he's nailed it, and it probably won't be long
before you're being interviewed by an AI. Mike Hosking, No,

(01:02:48):
it's just not possible, Mike.

Speaker 23 (01:02:49):
Not Well, something there's something. There's some areas you can't
go with AI, and.

Speaker 2 (01:02:54):
That's one of them. Well, I hope, so, Jinny, Yes, exactly,
so mix skimming. I know, I know it's all they
get it all, But just quickly, Ginny, did you know
him and your observation of him was what.

Speaker 4 (01:03:06):
I did know him? And I didn't notice anything different
from any other police officer I weeked worth during that time.

Speaker 2 (01:03:13):
So whatever comes out of this is a surprise to you.

Speaker 4 (01:03:16):
Yes, okay, it had no full warning of any of
us know.

Speaker 2 (01:03:20):
Okay, Mark, are there lessons potentially to be learned? Given
that and we had Nash on the program yesterday and
you just did what Genny said and you know him obviously,
are there lessons to be learned potentially depending on what
happens in how you appoint people at the highest level.
If there are flags there that you might.

Speaker 23 (01:03:36):
Have miss or be missing, Yes, absolutely there are and
there I can't talk to the detail, as you've said,
and you know, in terms of because he's an ongoing
IPCO investigation and police criminal investigation. But yes, there are
definitely lessons learned out of this without a doubt that
we'll deal with sort of lad down the line. Look,
it's an awful situation to deal with, but you know

(01:03:58):
it had to be dealt with. I just the worst
thing about these situations is always the family and the
fallout because it plays out very publicly. But the reality
of it is is that public confidence and the police
is very important. We have an outstanding, world class police service.
There are a big organizations sometimes people that don't hold
to the values. The important thing is that you respond
quickly at quickly in dealing with that, and that's what

(01:04:19):
we've done here.

Speaker 2 (01:04:20):
See Ginny Mark said the other day he could understand
people's confidence in the police force being shaken. I can't
see that being the case. This is one allegedly one
bloke bad apple the forces thousands and thousands. That doesn't
adjust my view of the police in any way, shape
or form, does it.

Speaker 4 (01:04:37):
My view is that police have an excellent reputation in
New Zealand and something like this wouldn't impact upon it.

Speaker 2 (01:04:44):
No, exactly, So I agree with both of you.

Speaker 23 (01:04:46):
But I just recognized the fact that maybe some people
are looking at it, and I think it's important to
recognize that. But on the same breath, I tried to
reassure them and let them know that we have got
a world class police service, tens of thousands of positive
actions every day, and you get it's like any big organization,
someone that doesn't hold to the values. That's how you
respond to that. And so I agree with you completely.

(01:05:09):
But it's important that I acknowledge too that some people
may be feeling a bit unsure. I'm just trying to
reassure that that's.

Speaker 2 (01:05:14):
All bad news. Mark, five hundred. You're not going to
make it. They said you wouldn't and you're not. How
bad is this big?

Speaker 23 (01:05:22):
Well, we're going to deliver the five hundred, make no
mistake about but not in the time trails not Well,
the target was November twenty five or twenty eight, But
the reality of it, as I've said, we're not going
to be We're not going to get hung up on
that because there's a big focus back on standards.

Speaker 2 (01:05:35):
Back in twenty seventeen, you weren't saying that when you're
promised them five hundred. Though, Mark, you were promising five hundred.
You weren't saying, oh, don't worry about the numbers, folks,
let's talk standards. You said we're going to do five hundred.

Speaker 23 (01:05:45):
No, we're still staying committed to the five hundred. We're
going to deliver the five hundred. But standards matter and
we're not going to compromise on that, and it's become
evident that we have to address some issues around standards.
The Commissioner is doing a review of that at the moment,
and I just want to point out one thing, Mike,
when I came into when I became minister, we went

(01:06:05):
from a sixteen week training course at the college to
a twenty week train course, which I supported.

Speaker 2 (01:06:11):
I don't promise stuff you can't deliver. Jenny, I know
you probably want to say something about this, but brief
breaking more in a moment thirteen past eight.

Speaker 1 (01:06:19):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio, coward
By News Talks.

Speaker 2 (01:06:24):
AP in Politics, Wednesday, sixteen past eight. Jenny, let me
put it to you this way. If they come in
on deadline at four eighty nine or four seventy two,
is that fair enough A last yes, but it's fair
enough as opposed to say to twelve.

Speaker 4 (01:06:39):
Well, the closer they can get to what they promise
New Zealand is the better. But right now I think
they have seventeen. We're sitting at seventeen extra police officers
from when they started, so getting two five hundred by
November this year.

Speaker 23 (01:06:53):
Well, we had it and possible we had a definite week.

Speaker 4 (01:06:56):
I'd like to finish, please. So it's the government promises
things in an election, or the National Party promises things
and they don't deliver. They need to be held accountable
for the fact they've promised and not delivered and what
they said they would and this erodes confidence in their
ability to deliver.

Speaker 23 (01:07:14):
So let me be really clear on this.

Speaker 2 (01:07:16):
I find this.

Speaker 23 (01:07:16):
I'm not going to take a lecture from Ginny Anderson
when they missed their target three times on their promise,
and then we found out that it wasn't eighteen hundred
frontline police officers. It was fifteen hundred and three hundred
authorized officers who do an outstanding job, but they're not
frontline police officers. So and the one thing that we
have done, and I signaled this from opposition in twenty seventeen,
I didn't agree the changing standards at that time. We're

(01:07:38):
now reviewing that, which I'm very pleased to see the
commissioners doing. We've increased the time that our police officers
are at college from sixteen to twenty weeks. That is
important so that we give the best possibly equipped and
trained police officers when they deploy. So what we've done
as government is we've increased standards. We've increased the training time,
which we knew was always going to make it harder

(01:08:00):
to reach our target. We think that it is important
to have targets. We're still aiming for that, and I'll
wait and see how close we are. We will deliver
five hundred police officers.

Speaker 2 (01:08:08):
Real quick on this. The Gun Registry agree to disagree?
Is that done? Now they don't agree?

Speaker 21 (01:08:14):
You do?

Speaker 2 (01:08:14):
That's life. We move on yes or no? Yes, Yeah,
that's done.

Speaker 23 (01:08:18):
We've moved on.

Speaker 2 (01:08:18):
Okay, So what Mark?

Speaker 23 (01:08:20):
What?

Speaker 4 (01:08:20):
But what? Mark won't answer? And I asked him this
in the House es today and you refuse to answer.

Speaker 2 (01:08:25):
Did you question? Number?

Speaker 8 (01:08:27):
Was that?

Speaker 4 (01:08:27):
I watched all Oh, you've got to tune in on
the review. You didn't. It didn't happen at about eight
o'clock class night.

Speaker 2 (01:08:34):
I think, oh, for goodness, so you'll be the things
to do.

Speaker 4 (01:08:39):
Nicle McKee has said she wants another review because you
didn't like the first one, and Mark said, no, you
can't have it. We've got a review. That's it. So
that that's good. We've got that established. But she wants
a category weapons, which are shotguns and rifles, the main
weapons that criminals use. She wants those out of the
registry And now I believe that the Minister of Police
needs to clarify what he thinks lobbys take all these

(01:09:01):
guns out of the registrict.

Speaker 23 (01:09:03):
I don't think anyone has been left in any doubt.
What my position is the Minister of Police is I
will not compromise on public safety. The issues that you're
raising need to go through cabinet. It's a cabinet process,
and you know that I can't get ahead of that.
But I have a voice around the cabinet table, and
I think everyone clearly understands, especially through the agree to Disagree,
that I will not compromise on public safety. And by

(01:09:24):
the way, Nicole McKee also is very focused on public safety.
She's doing rewrite of the Arms Act. She's doing to
rewrite of the Arms Act, and that's a big piece
of work.

Speaker 2 (01:09:32):
Okay, MP's pay rises any other way, genny of doing
it better or not, or it is what it is.

Speaker 4 (01:09:40):
It's just come at a time when the minimum wage
didn't even go up in line with inflation, and they're
cutting women's pay. So it's come at a raw time
for music.

Speaker 23 (01:09:48):
Well, that is just an outright lie that when no
one is cutting women's pay.

Speaker 2 (01:09:54):
And as much as Mark, as much as I am
on your side on this, because this has been a
way over ragged, but was there a meeting within the
National Party that you guys, each and every individually tie,
each and every individual call it a lie because all
I've heard yesterday is lux and a lie, nicol or
a lie.

Speaker 4 (01:10:10):
You a lie.

Speaker 23 (01:10:15):
Because they're being completely, completely, totally dishonest. Well, let's use
another word, and dishonest. And you know, we do have
responsibility as public figures to actually speak to the truth
because your words often do matter. They are trying to
stir up a whole lot of sentiment, and not on dishonesty.
But but the other thing, too, Mike, is if we're
talking about woman, what about Chris Hipkins coming out and

(01:10:38):
condemning the use of the sea word against one of
our female politicians. He's all very brave last year when
he said I think we do have responsibility as men
to step up and condemn that and speak out against it.
Now it's happened in the worst possible way against one
of our females. In Parliament and he's missing in action.
He's he's he's in the corner, sucking his thumb and
the fetal position, crying for mum, Mike.

Speaker 4 (01:10:59):
I could just say something, he'll be good. So, in
terms of whether the government has cut women's pay or not,
both the Prime Minister and soon to be Deputy Prime
Minister have said that getting rid of this pay equity,
the change is to pay equity.

Speaker 2 (01:11:13):
Have saved getting ahead of yourself Jenny, No, no, you can't.
I'm not going to let you do it on this
program because it is dishonest. The claims will be heard
under the new rules, and you don't know what will
be heard or won't be heard, and what will be
decided or won't be decided. You can't get ahead of
something that hasn't happened.

Speaker 4 (01:11:31):
Absolutely, but the framework has been changed to make it
harder for those claims.

Speaker 2 (01:11:36):
It's not true, it's not true at all.

Speaker 4 (01:11:38):
It's true. It's changed from seventy percent women to sixty
percent women, so correct.

Speaker 2 (01:11:42):
Sixty sixty to seventy. But they're trying to argue I
don't know why I'm arguing this much, but it's equity.
Those aren't half of them our equity claims. They called
equity claims, but they're not equity claims, that's right, They're
not true equally claims. They're just overreaches by unions. Correct.

Speaker 23 (01:11:56):
And it's a system that the Laby Government's set up
there is not sustainable for us as a country, and
we want to have a fear sustainable system that allows
to meet all of those demands.

Speaker 4 (01:12:06):
Having said that, Mark, I would be harder for woman
to get equal paid.

Speaker 2 (01:12:09):
Right, Well, we'll see it may well be Jenny, but
we'll see. But but but but Mark, I would be
prosecuting this as hard as I could have buyers labor
because you are running a risk on this politically, I think,
aren't you. Well, that's what they're doing and they are politics,
But you are running a risk on this. Is this
has got under the.

Speaker 23 (01:12:25):
SAT that's the job. That's the job of opposition. But
let's at least have an honest debate around it and
not put a whole lot of misinformation and fearmongering out there.

Speaker 2 (01:12:33):
And it's not going to go away, I don't think, Mark.
Nice to see you, Jenny. Nice to see you as well.
Mark and Jenny for another week twenty two the.

Speaker 1 (01:12:39):
Mike Hosking Breakfast with the Range Rover Villa News togs
Hea'd be.

Speaker 2 (01:12:44):
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(01:13:27):
dot co dot inz on the phone eight hundred DVS
DVS asking yesterday the day before was a little proud
for the NATS. Yesterday was susan ligh for the Liberal Party.
So we've got two new leaders and so the rebuild begins.
Question to go into the news and this goes back

(01:13:48):
to Elon Musk and Tesla. If you don't buy a
Tesla because you hate Elon Musk and he turns out
to be a tool. McDonald's planned to hire three hundred
seventy five thousand workers. They have an outstover night in America.
US Labor Secretary was there at the announcement. McDonald's is
one of the country's largest private employers. They're also a
major donors to the Trump campaign, looking to ingratiate themselves

(01:14:11):
and try and get out of the Health and Human
Services Secretary Kennedy's make America healthy again. So they've given
a million to the Trump campaign. They've announced more jobs.
So if you don't buy a Teessla because of Elon,
are you now not going to buy a Big Mac
because macis loves Trump? Is that how it works or not?
I'm just trying to work out what is an increasingly weird, weird.

Speaker 1 (01:14:31):
World news opinion and everything in between. The Mike Hosking
Breakfast with Bailey's Real Estate, your local experts across residential,
commercial and rural news togs had been to.

Speaker 2 (01:14:44):
Get to the IID who seemingly and we got an
alluded to this the other day when we had an
expert on and the IID seemed to have bought themselves
a new computer. And as a result of the new technology,
you're doing all sorts of wonderful things like picking low
hanging fruit and people who owe the money. The other
day it was property developers and people not Angsteen. Today
it seems to be the old student debt. But we'll

(01:15:04):
get to that in the moment. Twenty three minutes away.

Speaker 1 (01:15:06):
From nine International correspondence with ends and Eye Insurance. Peace
of mind for New Zealand business.

Speaker 2 (01:15:12):
Very Steeve Rice, Very good Wednesday morning for you.

Speaker 8 (01:15:15):
Good to be with you.

Speaker 2 (01:15:15):
A lot of people from what I have been reading
the Susan Lay who got a little proud got up
for the Net. Susan Lay got up for the Liberal
Party and it called her a punk rocker. When was
she a punk rocker? What sort of punk rocker was she?
And would most Australians know her as a former punk rocker.

Speaker 4 (01:15:30):
No.

Speaker 8 (01:15:31):
The answer to the last part of the question, she
says she was an early adopter of punk rockery, as
that's the way to describe it. In in camera back
when she was in her early twenties and described how
she once went to work wearing punk rock gear and
razor blades attached to where he is and things coming

(01:15:53):
out of her nose and all that sort of stuff.
You wouldn't think of that when you immediately think of
Susan lay but you should. I should point out that
this woman, she's sixty three years old now, she's been
a minister in Abbott, Turnbull Morrison governments and of course
in the Dutton government, and she is a commercial airline pilot.

(01:16:14):
So you know, a lot of people can throw I'm
not suggesting you're doing this, can throw stones at Susan Leber.
She's certainly I mean, she's just taken on the worst
job in the world. But she's very interesting, very talented. Obviously,
anyone who can float commercial airliner is smart and that's
Susan but Lee. But the problem is that she's taken

(01:16:36):
over a party that's been decimated in the election. Well
I'll give you the number shortly, but this is the
best way to look at it. The Liberals don't hold
one seat in Metropolitan madelet they don't hold a seat
in Tasmania they've virtually been wiped out in Melbourne and
Perth and Sydney, and she's supposed to now rebuild this
party over three years and be competitive when the next

(01:16:58):
election comes around. It is not a job that anybody
that you or I know would want to have, would
your sense of it be?

Speaker 2 (01:17:05):
Everyone within the party understands that. And if she falls
a bit short come three years time, she gets to
carry the journey on or is she a plaseholder.

Speaker 8 (01:17:14):
I'd be surprised if she'd made the three years, to
be honest, unless something radically goes wrong with the Albanezi government,
and that's entirely possible. I mean, governments with the numbers
that I'm about to give you get who hubris, and
they do tend to make mistakes. I mean, for a start,
we have the Climate and Energy Minister Chris Bowen writing

(01:17:35):
in the Australian newspaper this morning, saying that the election
result two saturdays ago is a rubber stamp for him
to continue with the lunacy that is turning Australia into
a place that relies on the sun and the wind
for power and music, coal gas. So that's coming down
the track and it's coming at us very quickly.

Speaker 2 (01:17:55):
Yeah, I just see it's the type of we as
I keep saying, we learn this less twenty through twenty three.
It's not labor, it's the type of labor government you have.
So we go back in this country to people like
David Longie, Roger Douglas, Helen Clark, different sort of labor
party to the Desinda a Durn party. And is Albanesian
Co Bob Hawk or are they Albanesian Co?

Speaker 8 (01:18:19):
They're Albanesian Co. And this is the problem that the
country's going to have. I mean, Bowen writing this morning says, well,
look at these seats. They had a slight swing toward
labor in their primary vote. And now that means that
we can stick wind farms off the coastline of places
like Nelson Bay in Sydney or the Illawarra in New
South Wales as well, and people simply do not want that.

(01:18:42):
He said, Oh, well, the quiet Australians have spoken, and
rural Australians. He even made a ridiculous quote in this
Columny's written today that you'll find more electric vehicles in
Weeraby than you will in Tuat. Now that is just
completely ridiculous and stupid and it's not true.

Speaker 2 (01:19:01):
No, so what is he up to?

Speaker 19 (01:19:04):
Is it?

Speaker 2 (01:19:04):
Ninety one ninety two? Is ninety three? Does see ninety three.

Speaker 8 (01:19:08):
Ninety three to forty two, which is just a smashing
And you can understand, I guess why they're so in
love with themselves and believe that they can do whatever
they want. Independence ended up on nine. We spoke on
Monday about doctor Ryan getting up in too young just narrowly.
The Liberal Party did win the seat of Bradford and

(01:19:28):
Sydney very narrowly, by less than five hundred votes, and
so it is an absolute smashing in any language. And
so we're now looking at probably six years of labor
governments in the middle of a global crisis when it
comes to economies and a climate crisis in Australia, where
you're going to get a minister that's been held under

(01:19:52):
his portfolio. He didn't get moved sideways or dropped, and
so we're now going to go headlong down the path.
We're even going to did you know this? We're going
to a cop meeting of all things in Adelaide, costing
multi millions of dollars in two years time.

Speaker 2 (01:20:07):
Wow, Okay, what's the sporting thing you got for Melbourne?
What's happened?

Speaker 8 (01:20:11):
Oh? How good?

Speaker 21 (01:20:11):
Is this any better?

Speaker 8 (01:20:13):
Book your tickets. Rory McElroy is signed.

Speaker 2 (01:20:17):
On the company Australia and Open Nice.

Speaker 8 (01:20:19):
And Melbourne in twenty twenty five and twenty twenty six.
This will be announced today.

Speaker 2 (01:20:25):
What course Royal Melbourne Golf Club.

Speaker 8 (01:20:29):
In twenty five, Kingston Heath in twenty six. Now lurking
in the shadows behind this deal, of course, is my
favorite ex premiere in one Daniel Andrews, who happens to
be a member at Kingston Heath and has his sticky
little fingers all over this deal. But remember this is
the city that bids for the Koonwath Games, got them,

(01:20:51):
got two years away from hosting them, and to no,
we don't want them anymore. So we just got to
remember that we did blow up eight hundred million dollars
not hosting the Koonwaf Games. That's pretty good.

Speaker 2 (01:21:00):
I mean, what are they paying them?

Speaker 8 (01:21:03):
Well, this is interesting, I'm.

Speaker 10 (01:21:05):
Glad to ask that question.

Speaker 8 (01:21:07):
The last big name golfer to sign up to come
to Australia and play in Melbourne in an Australian Open
was back in two thousand and nine when we paid
three million dollars to Tiger Woods out here and play.
Do you remember what happened post Tiger woods visit to
Melbourne in two thousand and nine with his three million
dollar paycheck?

Speaker 23 (01:21:26):
I do not.

Speaker 2 (01:21:26):
What happened?

Speaker 8 (01:21:28):
A woman not being his wife through his room at
Crown Casina and Tiger never really recovered from that. His
wife left him, took the kids and he was hauving.

Speaker 2 (01:21:39):
There was that all happened in Melbourne. That's Melbourne's fault
and what is it's Melbourne's fault? I was just thinking
we paid him once to come and he played at
just north of Wellington. I'm not I'm just not sure.
In a a in a small world of streaming and
sport and a bit, we're just getting one person to
come to a thing like that for me millions of dollars.

(01:22:00):
Because golf is such a rand as you well know,
it's such a random sport that just because the big
name turns up doesn't mean they bail themselves out and
they're gone by the weekend.

Speaker 8 (01:22:09):
Have you seen the vision from the live golf tournament
there's played in Adelaide where they throw beer cups of
people on the path through.

Speaker 2 (01:22:15):
Yeah, oh, I thought there was just another day at
the golf course. Is that the live thing?

Speaker 14 (01:22:18):
Is it?

Speaker 4 (01:22:21):
Now?

Speaker 2 (01:22:22):
Nice to see you mate. We'll catch up next weekend.
Next week rather now we may catch up on the weekend.
Who knows Steve Price out of Australia for us? This morning?
By the way, Sam said pine nuts are more expensive
than smoke seven. Turns out he was wrong again. It
came in at eleven dollars one hundred grad so it's
one hundred and ten achilos so tunes.

Speaker 16 (01:22:38):
That depends where you get them. It knew were there
one hundred and nineteen ninety.

Speaker 2 (01:22:41):
First one hundred and twenty nine seed Pride. What do
your cheer you seed price? You didn't come to the
party with your cheer seed prices, did you. Somebody said truffles,
but that doesn't count. Truffles are not regal. That's just
a season. We'll get a dog, get a peg, you know,
like proper food. I'm talking about eight forty five the.

Speaker 1 (01:22:59):
Like Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks.

Speaker 8 (01:23:03):
At b.

Speaker 1 (01:23:05):
Mike.

Speaker 2 (01:23:06):
You need to get your pine nuts from Pinoli only
Grower and Bleno I'm thinking of getting into pine nuts myself.
We planted some pine nut trees, which I to my
eye anyway, are some of the best looking trees. And
it seems to me and I saw a country calendar
on at some point, and I think I've reached the
stage in terms of growth. You can cut the bottom
branches off, so you've got a big, thick trunk and
then a sort of a Doctor Seuss esque looking tree.

Speaker 15 (01:23:29):
Well, you need to get yourself some salmon trees while
you're at it, exactly. I mean, I don't know why
you're looking. I've just been looking on the wall site
and there salmon. There's only like twenty nine dollars a.

Speaker 2 (01:23:38):
Kilo hot smoked that's in a can.

Speaker 16 (01:23:42):
So let me ask you about that's more convenient.

Speaker 4 (01:23:44):
Isn't it?

Speaker 2 (01:23:45):
Very mh seventeen. The Aviation Council from the UN came
out yesterday they said Russia shot it down. And I
think we probably suspected that big story in Australia because
the Eight Australians were involved in all of that. You
may remember three years ago the Dutch had a crack
at a couple of Russians and a Ukrainian and they
found them guilty of murder. The Russians and the Ukrainians

(01:24:07):
weren't in court because they're not turning up anywhere. And
now we get alleged to confirmation from the UN that
it was Russia, and so the Netherlands and Australia want
the UN Council to order Russia to enter into negotiations
over reparations. So obviously that isn't happening. So I guess

(01:24:28):
there's a due process argument that you must be seen
to be doing something, But at what point do you go, Look,
if you're wanting something more than us group of people
sitting in a room going yeah, we think it was them,
then you're out of luck because it isn't going to happen.
Iid So there after, the students one hundred and thirteen thousand,
seven hundred and thirty three people with student loans that

(01:24:50):
are based overseas, a lot of people more than the
needen seventy percent are in default. So that's a scandal.
The amount owed is two point three billion, that's it's interestingly,
the reason I'm in this is that sits on the
government's books as having been paid, which of course it's not,
and may well, never be and at least a billion
of that's penalties and interest. Twenty four thousand people have

(01:25:13):
debt that's over fifteen years old. Now that's just scandalously
skullduggerous and needs to be sorted out. So now they're
starting to arrest people at the border. Not many, but
they should start lining them up, rounding them up and
throwing them in the slammer and say start paying up.
Is just over one hundred and fifty overseas based borrowers.
We're are combined a fault of fifteen million, one hundred

(01:25:34):
and fifty people o fifteen million dollars. The eye idea
and this were the good because they've got the new
computer system. They've collected more than two hundred and seven
million so far since July, which is a forty three
percent increase under the previous government. Of course they never look,
couldn't be bothered, and we just racked up billions and
billions of dollars worth of debt. But the idea that
you overtly and deliberately rip off us the taxpayer is

(01:25:56):
a scandal of the modern age. And the sooner they
up and the harder they go, the better nine away
from nine.

Speaker 1 (01:26:03):
The make Hosking Breakfast with Bailey's real estate news togs.

Speaker 2 (01:26:07):
They'd be we could text time, Mike. Recent news reports
stated that the mortgage defaults are at a nine year high.
Can you interview housing experts for their comments and insights, Benjamin,
I can't because I am the housing expert for now,
and I've pointed this out before. But you raise a
very good point, and you've got to be very careful
about headlines, because this is what the media does when
they say it's a nine year high. I thought it
was an eight year high personally, but who cares an
eight nine whatever. It's technically correct, But the percentage of

(01:26:31):
people who hold mortgage debt that's in trouble is barely
over one percent. That is a nine year high, but
it's barely over one percent. So in other words, ninety
eight points something percent people are fine. Therefore it's not
actually a thing. Therefore, carry on about your Wednesday and
worry not, my friend. Five minutes away from nine.

Speaker 1 (01:26:53):
Trending now with Chemist Warehouse, Mayhem megasales.

Speaker 2 (01:26:57):
On now, bit of chat round the oh, bit of
buzz around the old phone market. Samsung launched yesterday the
world's thinnest phone.

Speaker 22 (01:27:09):
The Galaxy S twenty five Edge, the slimmest smartphone ever
from Samsung. Usher's in a new era of flagship design.
Achieving this meant rethinking every component from the inside out.

Speaker 2 (01:27:23):
I bet it, dude. So the Galaxy S twenty five Edge,
it's five point eight millimeters thick except for the camera
module because the can modules stick out. But apart from that,
it's five point eight millimeters thick. I think this appeals
to me. I'm not a phone person. I'm not a
tech person. Big little. I like big, and I think thin,

(01:27:44):
big and thin. Anyway, is anyone apart from me? Is
anyone into it or not?

Speaker 24 (01:27:49):
I just know somewhere out there there was somebody who
was waiting for the thinnest possible version of an S
twenty five person totally exists, and good news for this
per It does actually seem to be a pretty good
phone for as thin as it is. You're into that?

Speaker 2 (01:28:06):
Why is he calling me this person? He knows? Why
doesn't he call him what Mike wants it?

Speaker 16 (01:28:09):
He doesn't want to be a name dropper.

Speaker 2 (01:28:11):
That's true. We can't get it here, ah, good honest.
So we went to the Samsung MW Zealand website isn't here,
but if you go to the Australian site, they've got
a listed pre order add at two fifteen dollars.

Speaker 20 (01:28:25):
Is that all right?

Speaker 2 (01:28:26):
Is that good or not really good? It's about because
you get a three thousand dollar phone carrect you know?

Speaker 15 (01:28:30):
That's about about what you pay for for what do
they call them? A flagship phone, a flagship handset, point
around FLA.

Speaker 2 (01:28:37):
It's some of the flagship sticker.

Speaker 4 (01:28:38):
Do you know?

Speaker 2 (01:28:38):
You get a flagship phone.

Speaker 16 (01:28:40):
With a decent camera and oh that's you and the
latest processor and all that stuff.

Speaker 2 (01:28:44):
Apple a rumored, no kidding, Apple are rumored to be
wanting to do something similar. What a surprise. So they're
looking at an ultra thin iPhone later on this year.

Speaker 16 (01:28:54):
It's going to be called the iPhone.

Speaker 2 (01:28:55):
Heir, they think, why don't they call it the ithon?

Speaker 16 (01:29:00):
Well, you know, these are all ideas. I'm sure they're listening.

Speaker 2 (01:29:03):
Come on, I quite like that the iPhone, the or
the iphin because that's a phone and thin you see
what I did the iphin get a cookie on the phone.
See what he thinks about that?

Speaker 8 (01:29:15):
One?

Speaker 2 (01:29:16):
Gotta go seeveral people just said good, and we're back
tomorrow morning. That's six happys.

Speaker 8 (01:29:26):
Do We Speak

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

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