Full Show Podcast: 15 April 2026

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
You're Trusted Home for News, Sport, Entertainment, Opinion and Mike
the my Casking Breakfast with Ranger of a Sport sv
the Ultimate Performance, SUV News, Togs, ed vs Well.

Speaker 2 (00:13):
Are You're welcome today? The Battle of the Bank forecasts
as Qiwibank calls a entered reckless on the cash light
the retail spending it's up or is it more good
news from tourism of the rebound? Roles on Mark and
Jenny Politics Wednesday Richard Arnold, Steve Price gracis with some
more short brilliance as well. Posky my word, it's Wednesday
morning already seven past six. We learned last week the
charter schools are indeed the same cost, if not cheaper,

(00:35):
than state schools. Thus you would hope once and for
all ending the scrap over basic choice. Now you don't
have to like charter schools, But the argument that they
only worked was because they got shed loads more money
seems now not to be true. See ideology and the
blind version of it should never stop choice or good ideas,
And so it appears with the Sustainable Energy Association, who

(00:56):
remarkably don't appear to have been watching epic fury or
its fallout. They've made yet another court for the LNG
plan in Taranaki to be pulled. The fact the gas
is vanishing locally and people still like hothouse tomatoes doesn't
seem to matter to them. Surely, if we learn anything
out of an oil shock, it's just how much our
economy is reliant on oil. Sustainable energy is excellent, no
one can argue against it, but our economy doesn't run

(01:18):
on it. Tractors do not run on it. Trucks do
not run on it, Factories do not run on it.
Dare I suggest they may never, But even if you
can produce the timeline in which they might, it's not soon.
And what we know for a fact is one we're
running under gas. Two we need gas. Three renewables have
not nor will they possibly ever fill the void for
all our needs. The LNG program, sensibly is being weighed

(01:40):
up by the government, not on ideology but cost. A
lot of alarmists choose the war and gas prices to
try and leverage their myopic argument. But using the same logic,
you'd never use a PVC pipe again, it's ridiculous covering
our bases, which is what lergy is all about makes sense.
It's good business. Some industries need gas, they need sheer

(02:00):
heat it provides. Wind won't do it, nor will sun.
The day you want to harm your economy to save
a planet is the day you've lost the plot and
you're not living in the real world. When your next
plane can take off for Singapore using wind, let me
know when you can make steel out of the heat
provider by the solar, let me know the day the
ship carrying the oil arrives having been fueled by peanut oil.

(02:21):
Let me know until then. Let's stick to a fuel
policy driven by common sense, not weird obsession.

Speaker 3 (02:27):
Wow.

Speaker 1 (02:28):
News of the world in ninety seconds.

Speaker 2 (02:31):
Right lot going on on epic fury. Peace talks might
well be back on. Oil is down This morning. The
Saudi's are pleading to unblock the Strake. Trump has had
a pop at Maloney over the Pope thing. Jds wade
into the Pope thing.

Speaker 4 (02:42):
It would be best for the Vatican to stick to
matters of morality, to stick to matters of you know
what's going on in the Catholic Church, and let the
present the United States stick to dictating American public policy.

Speaker 2 (02:56):
Doubling down not going well with your average American.

Speaker 5 (02:58):
I think it's very important to respect our religion, our culture,
not only the Catholic religion, but our religion.

Speaker 6 (03:04):
That's his opinion.

Speaker 7 (03:07):
I will pray for him.

Speaker 2 (03:08):
That's all I can say. Having had to go at
the Pope Aine Maloney over the Trump also head advice
for Starma.

Speaker 8 (03:14):
Europe is desperate for energy, and yet the United Kingdom
refuses to open North Sea Oil, one of the greatest
fields in the world. Tragic Aberdeen should be booming.

Speaker 1 (03:25):
Drill, baby, drill.

Speaker 8 (03:26):
It's absolutely crazy that they don't no more windmills.

Speaker 2 (03:29):
As a result of the war. The im if I
put the latest global growth forecasts out. No one is
hit worse than the UK. But because they keep handing
out those pay rises, it might help with the inflation battle.

Speaker 9 (03:38):
There's little evidence that there are strong wage pressures in
the UK economy and therefore, or under the reference forecast
or estimates of core inflation are not increasing too much.

Speaker 2 (03:51):
Just before we leave the war, Israel still isn't done
with Lebanon.

Speaker 10 (03:54):
The problem for Israel's security is the problem for Lebanon's sovereignty.
Butlla it's the same problem, and this problem need to
be addressed in order to move to a different phase.

Speaker 2 (04:07):
It talks by the way or underway. Peace talks underway
in Washington between those two. Then in Colombia, turns out
they got too many hippos, so they're going to cull
them posui.

Speaker 11 (04:15):
Without this action, it is impossible to control the population,
and as we have already seen in the forecasting, it
would mean that by twenty thirty we will have at
least five hundred hippos affecting our ecosystems.

Speaker 2 (04:27):
Now, finally, the latest Rock and Roll Hall of Fame
inductees are out this morning. What have we got, Phil Collins, Yes,
Billie id Or, Iron Maid and Oasis, Luthor Vanras and
the wood Tan Plan. As far as non musicians go,
it's Sullivan's getting a nod. He introduced America, of course
to the Beatles. So that's fair enough. Years of the
world in nineties. Right here we go next two days.
Peace talks round two over the next two days. So

(04:49):
that's encouraging. Hadn't been confirmed, but that's encouraging. Not good news.
Trump says he thinks oil and gas could come down
before the midterms. It could be the or maybe a
little bit higher. So that's not going to go well
for a meantime. The consumer price, the wholesale inflation numbers
out this morning, US business costs four percent, highest Daniel

(05:11):
rate in three years, So that's not good. I twelve
past six.

Speaker 1 (05:15):
The Mic Asking Breakfast Full Show podcast on iHeartRadio, call
it by News Talks EP.

Speaker 2 (05:23):
Just to update you at least sixteen of an injured
ex student open fire. This is happening in Turkey. So
if anything war develops, will give you something on that.
And swall Wall the creep has gone. So he suspended
his campaign a couple of days ago. This in California,
of course, I was running for governor. Suspended his campaign
a couple of days ago. Yesterday announced his resignation from
Congress in full still, as far as I know, still
denies it all. Fifteen past from Sure and Partners Andrew Kellah.

Speaker 7 (05:47):
Good morning, Yeah, very good morning, Mike.

Speaker 2 (05:49):
So I like the tourism is pretty solid, but I
think the brain drain might be over as well.

Speaker 7 (05:54):
There.

Speaker 12 (05:54):
Yep.

Speaker 13 (05:55):
This is migration and tourism data release yesterday. I think
there are some trends here. I think New Zealand citizens
aren't leaving in the numbers that they were and net
migration is recovering. There you go, there's the water cool
of summary. These are numbers to February MIC so this
is pre conflict, pre Middle East conflicts.

Speaker 7 (06:13):
So and they will all get revised, of course they
always do.

Speaker 13 (06:15):
But annual net migration, we have a gain of twenty
five two hundred. We compare that to annual net migration
last February it was at seventeen thousand, seven hundred. So look,
I mean, the change isn't monumental, but it's definitely moving.
The arrival's number hasn't moved a great deal, but we
are seeing fewer departures. So arrivals year on year about

(06:36):
one hundred and thirty six thousand was down one percent,
but departures one hundred and eleven thousand, one hundred, that's
down eight per cent. So the two factors that you
can bind to get the net number, they're changing at
different speeds, and the trend does appear to be strengthening. So, look,
migration is one of those data series that was sort
of fundamentally changed by COVID, so we always compare it

(06:56):
to pre COVID. Well, the long run average between two
thousand and two and two thy nineteen, Mike was twenty
seven thousand, three hundred, So twenty five thousand, two hundred
looks on that comparison almost normal, doesn't it.

Speaker 7 (07:09):
New Zealand citizens we're still leaving.

Speaker 13 (07:12):
We have a net loss of thirty six thousand New
Zealand citizens in the February year, but that was forty
three thousand and February last year, so it's still higher
than pre COVID. But you can see that it's narrowing.
If I just look at the monthly number. The monthly
number for FAB six thousand, seven hundred and forty six,
that's the raw number, seasonal adjusted three thousand.

Speaker 7 (07:32):
Nine hundred and seventy.

Speaker 13 (07:34):
The key sources of net migration in they remain pretty consistent,
very much an Asian composition, China, India, Philippines and Sri Lanka.
If you annualize that number, that three thousand, nine hundred
and seventy could be potentially spurious calculation, But you get
a very healthy net migration number, don't you number three thousand,
nine er seven, you analyze that you're up around fifty thousand.

Speaker 7 (07:55):
What this does mean is that you're going to get
a stronger.

Speaker 13 (07:58):
Growth in the working age population growth than we thought
we were going to have.

Speaker 7 (08:02):
If that momentum continues.

Speaker 13 (08:04):
Look, Mike, I sort of take a step back here,
and it'd be interesting to see the sort of big
themes play out over the rest of this year. I
would have thought, I don't know what you think about this.
I would have thought that these sort of global geopolitic
concerns would make New Zealand look more attracted.

Speaker 14 (08:20):
Yeah so, But.

Speaker 13 (08:21):
Then there's also sort of way against that is that
you know, people's desire to travel maybe you know, maybe constrained.
But I can ask the I think we can legitimately
ask the question has the exodus peaked?

Speaker 7 (08:33):
I think we can.

Speaker 2 (08:34):
Yes, we can. And the tourism number is good too,
because people love to travel, and once again that ironically
should be good for us as well.

Speaker 13 (08:40):
Yeah, seasonally adjusted basis one point seven percent left month
on month, month and month rise.

Speaker 7 (08:44):
But again look at the trends.

Speaker 13 (08:46):
Eighth consecutive monthly increase, two hundred and twenty thousand higher than.

Speaker 7 (08:49):
This time last year.

Speaker 13 (08:51):
We did get a big lift in February and Chinese
tourism because it coincided with Chinese New Year. We're eight
I think Look on a national basis, I think with
seven or eight percent below pre COVID. But as Ryan
was just speaking to somebody down in the queensdown Ere,
they are above pre COVID, so.

Speaker 7 (09:06):
It's booming in certain places.

Speaker 13 (09:08):
Look, there's going to remember these are February numbers, right,
There's going to be a short term risk associated with
the Middle East conflict.

Speaker 7 (09:14):
We'll see that when March figures come out.

Speaker 13 (09:15):
But you'd have to say that the tourism numbers look
pretty good.

Speaker 2 (09:19):
Couldn't agree more. Australia, they've fallen off a cliff, jeir
So tell you what, talk about catch a cold for
a robust, big red Bullish land. They've hit hard, isn't they.

Speaker 13 (09:29):
They're freaking out, Yeah, yeah, they're freaking out. Yesterday we
talked about the impact of the conflict in New Zealand.
You're sort of non oil, sort of directly oiler related stuff,
but we look across the TASM and the impact seem
to be sort of greater and more pronounced. Yesterday West
BAC Melbourne Institute Consumer Sentiment Index. It's really fallen pretty heavily.
I would have thought month to month fall twelve and

(09:51):
a half percent. The index fallen from ninety one point
six to eighty. That's the biggest monthly decline since the
onset of COVID pandemic, surging fuel cor putting pressure on
family finances. But NAB Business Confidence Index fell from minus
one to minus twenty nine material four, So that's confidence.
The index of current conditions show that activities barely shifted.

(10:13):
It's the confidence is getting whacked, so sentiments is plummeted
while actual activities are more stable. And then you get
Andrew Howser overnight. He was the rb RB OH yesterday
RBA Deputy governor, and I've heard him speak before Mike
on this scale of reserve bank governors.

Speaker 7 (10:26):
He's he's a pretty entertaining speaker. He was talking in
New York.

Speaker 13 (10:30):
He talked about the potential for the nightmare scenario the
central bankers. That's inflation up, activity down, not inconsistent with
what we may see in New Zealand.

Speaker 2 (10:38):
Exactly numbers please yeah, but nine.

Speaker 13 (10:40):
Outcome on USPPI, I know it's still pretty high, but
it's less than they thought it was going to be
and positive signs about peace talks.

Speaker 7 (10:48):
So the Dow Jones is up.

Speaker 13 (10:49):
Two hundred and eighty four points er point six percent
forty eight thousand, five hundred and four, the S and
P five hundred up over one percent seventy six points
six nine seven to two, and then azaks on a
tear up one point six four percent three hundred and
seventy nine points twenty three thousand, five hundred and sixty
three lots of green numbers. The FORTSWO one hundred gained
a quarter percent ten thousand, six hundred and nine, the

(11:10):
nicke up two point four to three percent five seven
eight seven seven, the Shanghai com set up almost one
percent four h two six, the A six two hundred
games half a percent eight nine seven Oh that's up
forty five points a wee. Well, the NZNX fifty lost
three thirteen thousand and seventeen key. We dollar though is stronger, Mike,
because the US dollar is weak. Rove Night point five

(11:30):
nine oh seven against the US point eight to eight
one Ossie point five zero zero eight against the Euro
point four to three five three pounds ninety three points
seven seven. Japanese yen gold four thousand, eight hundred and
thirty five dollars and oil coming off.

Speaker 2 (11:46):
A little bit.

Speaker 7 (11:46):
It's down. It was down around five dollars.

Speaker 13 (11:49):
Ninety four ninety four dollars and sixty five cents.

Speaker 2 (11:53):
Well take it, well done, so you tomorrow Andrew Kellahesure
and partners get very of the news for Auckland Inc.
Yesterday Cartier have announced that they're launching a flagship shop.
And not only are they launching a flagship shop, they're
doing it on the corner of Queen and Fort, which
is about as downtown Auckland as you can get. And
given Auckland's downtown reputation, this is very good news. So
they're joining the likes of Tiffany and Prada and Dior

(12:15):
and Louis Vatana, Bulgari and Gucci and Saurowski. So that's
about a confidence. So we'll take that all day long,
six twenty one here at news Talk zeb.

Speaker 1 (12:26):
Good the Vike Asking Breakfast Full Show podcast on iHeartRadio
powered by News TALKSB.

Speaker 2 (12:34):
So here's your irony on the war out. Overnight there's
a quote unquote systemic jet fuel shortage coming for Europe,
with quote unquote severe flight cancelations this summer, their summer
so problems. Also overnight from BP, they flagged quote unquote
an exceptional oil trading performance. They're updating their first quarter
guidance numbers don't come to the April twenty eight thanks

(12:57):
to a windfall from the Surgeon Oil. Like everything in
the economy, war or not, somebody wins, somebody doesn't. Six
twenty five.

Speaker 1 (13:08):
Trending now with Chemist well House book in your flu
Vaccination Today.

Speaker 2 (13:13):
Right to the movies where Angel Studios who a good
story actually with their latest release. Angel were a small
Christian film company, so in twenty twenty one they went crowdfunding.
First hip was the thing called Sound of Freedom that
was in twenty three, made a quarter of a billion
at the box office. These days market caps one point
six billion. They've got three hundred and sixty thousand Angel
Guild members who invest in and vote on project's latest

(13:33):
One is the Brink of War Reagan's infamous eighty six
meeting with Gorbachev in Iceland to avoid nuclear war.

Speaker 14 (13:40):
We face an enemy that is ever growing. We got
the Russians to the table. Gorbachev came to play. But
if we fail here there will be war. I never imagine.
Don't see the controls for seventy thousand nuclear weapons in
the same rule. Here we are the two of us

(14:04):
deciding whether there will be peace or war in the world.

Speaker 7 (14:08):
We have tens of thousands of nuclear war heads all
pointed at each other.

Speaker 15 (14:13):
Why don't we just get rid of all of them?

Speaker 7 (14:17):
This is a fantasy. You have come in here with
a fantasy.

Speaker 2 (14:23):
Jeff Daniels is Reagan JK. Simmons as the Secretary of State.
Schultz in theaters on the fourteenth of August. Speaking of
war and money, Actually, professor Linda Bilmes, who works at
Harvard has first six days of the war epic fury
cost a bit over eleven billion. That's according to the Pentagon.
She reckons they'll crack a trillion, so economically speaking, and
I would have thought the biggest worry was this comment.

(14:45):
That doesn't seem to be getting the sort of coverage
it should have. And Trump doesn't think that gas prices
are going to be blower by the midterms, So I mean,
the midterms aren't all November. So work that one through
and see what you come up with. Speaking of war
and money, so the economy spendings up here, retail spending
up good, we say, but hold on, it's all shifted
to the petrel, of course, which is what we've been

(15:06):
trying to argue all along. If you've got one hundred dollars,
you only got one hundred dollars, So we'll crunch those
numbers for you shortly.

Speaker 1 (15:12):
The newsmakers and the personalities, the big names talk to
Mike the Mic asking breakfast with Bailey's real estate altogether
better across residential, commercial, and rural news talks head been.

Speaker 2 (15:24):
Dropping like fliers in the States. Swable already gone of course,
that Gonzales is expected to officially Confirma's resignation to day
as well, so that's on the hill. Meantime, there are
place talks going on between Israel and Lebanon in Washington,
and the chance the police talks round two between the
US and Iran in the next couple of days, plenty
for Richard Arndel to get into. Shortly. More hard data
back here, though, sort of related landing on the state

(15:45):
of the economy, the effect epic furies had or is
having on it. So retail spending shows a half point
rise for March good well until you crunch down and
find the shift towards petrel. Of course, a lot more
is being spent on gas, which means a lot less
as being spent elsewhere. Carolyn Young is the retail New
zeal CEO morning, Mike, Ho, are you doing very well? Indeed,
so the first weekend before the war started, or the

(16:07):
last weekend before the war started here is spinning was
up two point nine I note through crunching through these numbers,
So that was real momentum. So the wars are spending killer,
isn't it? Basically?

Speaker 15 (16:17):
Yeah?

Speaker 6 (16:18):
Absolutely, It just highlights the significance that we've had. We
know in March that there was a friendly on spending
on fuel. Everyone was we acques at the field stations,
at the petrol stations, and that meant that consumers clearly
haven't been spending elsewhere as that was consuming up a big,
significant chunk of their disposable income. And it gives us

(16:38):
an indicator of what we're going to see moving ahead.
And obviously you add inflation onto that sector. It's just
going to be another crunch time for retailers to try
and survive through this year.

Speaker 2 (16:48):
Yeah, so how much? How that's the real question going forward,
isn't it. How worried are you about inflation? Because I
think I think petrol stabilized ish, but if people start
passing on their costs. That means everything else then goes up,
which means you're in trouble.

Speaker 12 (17:03):
Yeah.

Speaker 6 (17:04):
Well, of course the big thing for retail is diesel
because diesels what ships fraight around. So even if you
majority of things, as we know, come into the country
from overseas, so that's freighted in, those freight costs increased
immediately that that costs metaps. So retailers have been absorbing
those costs. And then domestically, ninety three percent of freight

(17:25):
in New Zealand moves on the road. You know ninety
eight percent of that those road tracks will be using diesel,
so you know that's doubled in price. So there are
significant costs that have come through. So it's going to
filter down as businesses can no longer absorb that. We've
been talking to retailers this week and they're on the
ninth edges to when they pass on those costs doesn't increase,

(17:47):
but it's going to be pretty soon.

Speaker 2 (17:48):
Yeah, what do they tell you who's hit? Is it
HOSPO or anyone else or we just don't know?

Speaker 1 (17:53):
Abe?

Speaker 2 (17:54):
Everyone?

Speaker 6 (17:54):
Yeah, no, everyone, because every you imagine anything you want
to get, whether it's at a pharmacy. It is so
market and an apparel store. If you want gun boots
of the kids, or heaters or you want some DIY products.
Everything comes by freight. Everything's you know, the cost of
delivery has increased for everyone.

Speaker 2 (18:11):
Everyone's got So how then do you explain Now that
I disagree with you, but how do you explain the
variability regionally? Palmston North is up four point eight, Nelson's
up four point two, the coast is up three percent.
The war affects them as well.

Speaker 6 (18:24):
Yeah, exactly, But what we do know is that those
areas have been more buoyant anyway. So we know that
the more rural areas that are supported by farming and
dairy have been you know, they have survived better through
the decline than anybody else. Aukland and Wellington, for example,
have struggled all the way through. The South Island has

(18:44):
done better than the North Island. Urban's been worse than rural.
So those factors still sit there, right, And so some
of those areas will do well, and some of those
areas will be where farmers will know they've got a
payout coming. And we would have been expecting a really
big boom to come through sort of you know, July,
sort of Dune July time. But I think now there'll
be some tempered spending from farmers. They contemplate, you know,

(19:06):
other increased prices that they're going to come through.

Speaker 2 (19:08):
Yeah, these are interesting times. Go well, Carolyn hold tough,
Carolyn Young, who's retail in New Zealand CEO, of course,
and I hope that that once and for all settles
the argument as proposed by a number of people who
texted me, but more importantly the Labor Party who somehow
want to be the government, when they were saying the
government was going to get much more GST because we
were spending so much more on petrol. Anyone who knows

(19:29):
anything about basic economics knows if you got one hundred dollars,
you got one hundred dollars, and if you spend one
hundred dollars, the GST one hundred dollars is still the same.
It just doesn't matter where you spend it.

Speaker 1 (19:39):
Nineteen two The Mic Asking Breakfast Full Show podcast on
iHeartRadio powered by News Talks a B.

Speaker 2 (19:48):
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eight hundred seven three seven six six two Mike, interested

(20:53):
in your take on Hipkins and labor going quiet, no
real press releases or noise for a couple of weeks.
Is it just lazy opposition, a lack of ideas, or
a deliberate strategy to stay under the radar heading towards
the election? And if it's intentional, do you think it
could backfire by making them look absent or irrelevant? Nick?
Excellent question. More shortly six forty.

Speaker 3 (21:12):
Five International correspondence with ends and eye Insurance peace of
mind for New Zealand business.

Speaker 2 (21:18):
Whisterininald's died Good morning you good?

Speaker 16 (21:20):
What do you make?

Speaker 2 (21:21):
So we've got some hope here? Have wat some more talk.

Speaker 17 (21:23):
Possibly round two of the piece talks. Yes, they're talking
about doing something in Pakistan again in terms of these
discussions happening in maybe the next couple of days. Pakistan
willing to play host yet again, bands to the US
Vice President saying.

Speaker 4 (21:37):
I really think the ball is in the Iranian court
because we put a lot on the table.

Speaker 17 (21:41):
Well, just how much they put on the table is
being revealed, right, now, instead of calling for a permanent
ban on nuclear Richmond by Iran, the US has proposed
a twenty year suspension of all nuclear activity, so buying time,
Iran came back with a proposal that they could hold
nuclear activity for up to five years. What is interesting

(22:02):
is how this compares to the twenty fifteen Obama Nuclear Pact,
which Trump withdrew from, calling it a quite horrible, one
sided deal that should never ever have been made. Wendy Sherman,
who worked on the Obama deal along with Ernest Manise,
an actual nuclear physicist. Manse who was brought in to
work directly with the head of the Atomic Energy Agency
in Iran, wasn't dealt with by her president's son in law,

(22:25):
who has greatly enriched himself during the Trump terms, along
with the transformer real estate friends the Witgoff and former diplomat.
Wendy Schumann says of the early agreement was going.

Speaker 5 (22:36):
To last for at least fifteen years, and then there
were many other restrictions that continued on past that. But
most importantly, the International Atomic Energy Agency had the most
extensive verification of monitoring mechanism in the world. People on
the ground, electronic monitoring all kinds of bells and whistles

(23:00):
hadn't existed before it.

Speaker 17 (23:01):
Also, Nouran's uranium stock then was enriched to only thirty percent,
not the sixty percent it's reached now, which has the
ability to make a dirty bomb and is run in
the edge of allowing for modern nuclear weapons. She believes
of the current situation, we have a.

Speaker 5 (23:15):
Much more hardline government in Iran that I believe, led
by the Islamic Revolutionary Guard Corps, will decide over time
that it has to get a nuclear weapon to be
a deterrent against future attack.

Speaker 17 (23:28):
So did the Trump withdraw from the Obama deal, and
now the Iran will bring benefit. As for the US
blockade of the Old Channel through the state of Homuz,
China's oil tanker called the Rich Starry, passed through the
strait today in what seemed to be a challenge to Trump.
That tanker has been sanctioned by the US for dealing
with a run, but it's sailed through without entering the

(23:49):
strictly block hated section. Trump has threatened to blow up
Iranian link vessels if they come anywhere close to the blockade,
but this time no international navy clash. While a lot
of tankers are being held at Bay, and the IMF,
the International Monetary Fund, says any escalation of the un
WAL could trigger a global recession. Israel and Lebanon have
just concluded their first direct talks in about forty years

(24:11):
of the White House adjoint statement on that is expected soon.
They're talking about maybe putting together some kind of future
discussion framework anyway, Vance, who hasn't had the best week
as joining his boss in advising the American born Pope
Leo to stay out of American politics when it comes
to all of this, Vans as the highest ranking Catholic
in the administration, says the Pope should stick to matters

(24:33):
of morality, suggesting what that war and peace is not
a moral issue anyway. It's all become somewhat strange, with
Trump saying I'm not a big fan of Poblio, then
saying he owes no apology to the Pope.

Speaker 15 (24:45):
No, I don't because Popelio said things that are wrong.

Speaker 17 (24:49):
That's when Trump posted that picture of himself as a
christ like figure with beams shooting from his hands and
a halo around his head, with Trump later saying, yeah,
he wasn't pretending to be Jesus Christ. He was pretending
to be a Red Cross doctor.

Speaker 12 (25:01):
Bizarre.

Speaker 2 (25:02):
And then we get to swowooll and Gonzales.

Speaker 17 (25:05):
Yep, we said big, big trouble was ahead for four.
Well didn't take too long to play out, did it.
He has not only quit the government's race, but also
intends to leave the Congress amid one of the most
seemi sex scandals on Capitol Hill. For a little while,
it seems the forty five year old Polly thought he
was immune from any responsibility to the law, do his
wife and three kids, to his staffers, to his supporters.

(25:25):
So now he has fined himself before his colleagues could
expel him, amid accusations as sexual assault and potentially alleged
rape from at least four women, one of whom Ali
sa Marco says, I.

Speaker 18 (25:35):
Don't think those women in his office or on Capitol
Hill in general should be around him for one more day.

Speaker 17 (25:42):
About one hour after Democrats four, Whill said he would
quit Republic Attorney Gonzales also said he would retire.

Speaker 8 (25:49):
I made a mistake and I had a lapse in judgment.

Speaker 17 (25:53):
Lapse in judgment. Married father of six and the fareweller staffer,
who later died of suicide. Gonzales writing in his retirement statement,
now quoite, it has been my privilege to serve the
great people of Texas.

Speaker 2 (26:05):
Okay, Mape seen in a couple of days Wash by
the ways, finally filed the paperwork. Kevin, who's going to
be potentially the Fed chair replacing j. Powell the Senate
Banking Committee's got the paperwork that yet to schedule the meeting,
but it should come fairly quickly. He's married to Lauda
as an estate Laura, and there was some you know,
some scuttle but around that anyway. Also a letter this morning,
fourteen hundred actors, directors, filmmakers are trying to prevent Paramount

(26:29):
Warner Brothers Discovery from merging. I don't think they're going
to have any I mean, just because you called Emma
Thompson or Ben Stiller or Javier bardem or Rose Byrne.
I don't know how that affects a merger. But nevertheless,
they say there'll be less competition, which of course is true.
But the counter to that is with more competition, someone's
going to go broke. So which one you want? Nine
away from seven.

Speaker 1 (26:49):
The Mike Hosking Breakfast with Ranger of a sport, SV News,
Togstad V the.

Speaker 2 (26:54):
Formation and I am IF This morning. Gdp UK's whacked
in a major way was one point three. It's down
to zero point eight percent growth for the year. There
is still growth, so that's something. The US is two
point three, the euro area one point one, spaying two
point one front zero point nine, globally three point one.
It was going to be three point four, and if

(27:16):
it keeps going you end up talking about a recession.
One of the most interesting things I learned yesterday that
I wasn't aware of. In fact, there were two interesting
things about oil I learned yesterday that I wasn't aware of.
One is California is reliant on international oil markets. They
don't get it piped domestically like every other state. Two,

(27:36):
Delta the airline own their own refinery, and I didn't
realize that. So a number of years ago, Delta went
and bought a refinery, and everyone went, what a bunch
of idiots, Why are you buying an oil refinery for Well,
guess who's the winner. Now five minutes away from seven.

Speaker 1 (27:51):
The ins and the outs, it's the fizz with business
fiber take your business productivity to the next level.

Speaker 2 (27:58):
Let's talk monaire Robert Waller. They've got the salary growth illusion,
or what they're calling the salary growth illusion. This is
a reportant to who's earning, what, why we're and how.
Started the year, fifty seven percent of professionals had received
a pay rise from last year, vast majority between two
and a half and five percent. Eighty one percent of
people say their pay rise doesn't keep up with the
cost of living. Only seventeen percent of employers acknowledge that. Now,

(28:19):
the problem with that is that real or is it
your perception of the cost of living? Now, when you
talk to the businesses, sixty seven percent of them so
they plan to increase salaries this year. So that's the
vast majority. Fifty six percent of employees on average expect
to get one, So somewhere there's a difference there. So
the guys wanting to hand it out, but you're not
expecting it. So that's like a happy day, isn't it.

(28:40):
Pay rise is more likely to be mid to senior
role level seventy up to seventy nine percent of these
mid to senior employees are expecting to pay rise compared
with interns at fifty three. In turn states in turns
don't deserve anything, and turns need to get the coffee,
keep their head down, work hard and prove themselves money, Tech, finance, legal,

(29:01):
it's all good. AI engineers of course, senior tech leaders,
data professionals all saw increases in between twenty five and
thirty thousand bucks. GMS and finance and commercial managers in
Auckland saw their pay between thirty and fifty grand. For
God's sake, general council salaries in christ Church that was
the biggest increase. That was thirty thousand dollars plus per year.
Auckland led the way for consistency. Wellington more roles selective,

(29:25):
mainly cybersecurity and digital transformation roles in Wellington. Christ Jutche
also saw the fewest increases overall. But those who did
get a rise, you know lately general counsel and stuff,
they got good rises.

Speaker 19 (29:36):
Here reckon I ever get to move from and turn
to something more permanent.

Speaker 2 (29:41):
No sign of it yet, Glynn, But thanks very much
for asking and get my coffee, Jared Kurse. So it's
the battle of the forecasters. So the RB was irresponsible.
He was using the word yesterday. So the ASBN, A
and Z came out with a couple of forecasts for
the cash rate. Keywebank hit back late in the afternoon
with their own view of the world. These are interesting
times as well as in a couple of moments politics

(30:01):
Wednesday with Mark and Jenny of course after eight for
you as well.

Speaker 1 (30:05):
Incredible compelling. The breakfast show you can't bess it's the
Mic Hosking Breakfast with a Vita, Retirement, Communities, Life, your Way, News,
togs head be.

Speaker 2 (30:15):
Seven past seven, Will here we go? Battle of the Bank,
say and said yesterday with a call on three cash
rate rises starting July ending at three percent asb beg
to differ a bit, they start later and higher at
three and a half percent middle of next year and
now kiwibank ways and with the word I think the
word was reckless. If the RB goes ahead. Jared Doaker
is the QII Bank chief economist and as with us,
Jared morning, good morning. So how many how many rises

(30:38):
have you gotten over what period of time?

Speaker 20 (30:40):
We've got hights starting from February and we've got going
up to three and a half as well, so.

Speaker 2 (30:46):
You've got the RB looking through a lot of stuff
this year.

Speaker 20 (30:49):
Absolutely, it's going to take a lot of time to
assess the damage of what we're saying at the moment.

Speaker 2 (30:55):
But inflation's inflation if it comes in at a number,
and we'll get several reads this year, obvi, how long
do they look through what is reality in the hope
that they can do something about it next year.

Speaker 20 (31:07):
Well, there's temporary inflation, which is a spike in diesel
and we kind of hope that that falls back, and
then there's more persistent stuff, you know, wage inflation, mental
inflation and all that's quite benign at the moment, Mike.
So we're going through quite a sharp spike in temporary inflation,
and the Reserve Bank targets the medium term.

Speaker 2 (31:29):
Okay, so these secondary things was so in differing with
these other two banks? How firstly, how much of you
all flying blind? How much of this is just playing guesswork?

Speaker 12 (31:39):
Oh? A lot?

Speaker 20 (31:40):
You know, a lot. There's highly uncertain the war in
iron hasn't ended yet, Diesel prices haven't normalized yet. So
there's a lot going on and it is all guesswork.
And that's precisely while we're saying, you know, just chill out,
sit there and wigs and watch see.

Speaker 2 (31:58):
I tend to agree with you. Why don't they agree
with you?

Speaker 20 (32:03):
I don't know. I haven't read that there is sarch.
They must have been more concerned about these second round impacts.
I was at one of our customers on Monday, large
construction company. They are struggling to pass these costs through
winning your face with a consumer at the other end.
The ability to pass it through is very, very limited.

Speaker 2 (32:25):
And that's what we saw in the retail spending figures yesterday,
wasn't it. I mean, yes, spinning went up just a smitch,
but a big loading went on petrol. You've got one
hundred bucks. You spend what you've got, but you spend
on the stuff that's gone up, and petrol needs is
a necessity. Therefore that's where it goes, and so you
don't have more money to suddenly spend.

Speaker 20 (32:42):
Do you, precisely? Absolutely? You speak to anyone who owns
a petrol station, they'll tell you that people in good
times come in, they fill up, they pay for the gas,
they buy a coffee, they buy a muffin. At the
moment they go and they pay for the gas, they'd
buy nothing else, so they immediately cut just discressionary stuff
and we're seeing that in our car data as well.

(33:03):
You're spending more on petrol, you're having to spend less
on clothing and put weeth.

Speaker 2 (33:07):
And that's the reality. How much of it's psycho I mean,
you saw the numbers out of Australia yesterday. They're freaking
out like we are. How much of it is We're
in a funk. This is the end of the world again,
and so I'm not going to spend anything. I've convinced myself.
Times are bad.

Speaker 20 (33:22):
Oh, a lot of it's that. But you know, people
are fronting up to the pet station and having to
pay a lot more. So there's a physical higher price
that they're having to pay. And of course there's uncertainty
is around how this war in Iran plays out, so
that is also paralyzing businesses and that kills growth. Mike,

(33:43):
you know, as soon as you start thinking like that,
you postpone that investment decision, you postpone that extra higher
and that really does, you know, cause the economy to
go backwards.

Speaker 2 (33:55):
They must know that in Wellington at number one or
two whatever their addresses, the terrorist mustn't they They must
know that they can't come out and go, hey, there's
twenty five points, folks enjoy that. I mean, they can't
do that, can they?

Speaker 12 (34:06):
No?

Speaker 20 (34:07):
I don't think they can, and I don't think Andre
Bruman has signaled anything like that. I think she's been
very good since she started in December. She's played a
very tidy game. She's been very balanced, very transparent. There's
no knee jerk reaction coming out of the Reserve Bank.
And when you cross the road on the terrace, Treasury

(34:30):
also know that they're going into a really tough budget.
Yet again, all.

Speaker 2 (34:35):
Right, man, appreciate it very much. Jared Kerm, can we
bank chief economist? So pick your banker. I by like
jaredy was right for most of last year when many
of the others weren't. Eleven minutes past seven. We want
some good news. I've got some more good news from tourism.
So we had yesterday the Christy your tairport figures. They
were excellent nationwide for you this morning for feb four
hundred and eight thousand international visitors, which is up fifty

(34:56):
three thousand. China's back in a big way. Annually you
get three point five eight which is ninety two percent
of pre covid rene demonsch Is, the chief executive at
Tourism New Zealand, is with it's Rene morning to you,
good morning, make China thing. What's going on the big
bounce back two hundred and fourteen percent surge? What's that about?

Speaker 21 (35:13):
Yeah, Look, it's been a fantastic month of February, and
actually over the twelve months to February, it's we've seen
a really strong recovery. As you said in your introduction. Look,
China's a couple of things. One is the movement of
lunar New Year. So this year it was in February.
Last year it was in China, so that makes February
look even more fantastic this year. But more importantly actually

(35:34):
it's we've just seen a real acceleration out of Chinese
arrivals back into New Zealand's you know, even if I
look over the last if I look over the last
six months at Chinese arrivals into New Zealand, that's been
growing at over thirty percent. So we've certainly seen a
real acceleration and a resurgence of Chinese visitors coming back

(35:55):
to New Zealand on holiday.

Speaker 2 (35:56):
Good how are you balancing up the jet fuel issue
therefore capacity versus the potential demand issue for a place
at the bottom of the world, well away from trouble
where boom times could be coming. Yeah.

Speaker 21 (36:07):
At the moment, like everybody, we're monitoring closely. Important to
note these numbers released yesterday are to the end of February,
so the war had not impacted these figures yet we're
monitoring closely what happened over March. What seems to be
the case over March is that the vast majority of visitors,
those that were impacted because of the disruption of the

(36:28):
Middle East, seem to have re routed.

Speaker 12 (36:30):
And still turned up in New Zealand.

Speaker 21 (36:32):
I'm anticipating that the arrival numbers for March when they
are finalized, will be very positive as well. We saw
very good growth of arrivals into New Zealand for March,
and that's probably the last big month of our summer
season if you like, the month of March, and we're
monitoring closely. It's a little too early to tell, Mike
what it will mean for the future outlook. Probably one

(36:56):
thing to note, you know, if you look at our
big three markets Australia, US, and China that over sixty
percent of total international visitors. They're not reliant on the
Middle East hubs to fly here, so their flights are uninterrupted.
What happens to the price of oil is, of course
the big question on everybody's mind.

Speaker 2 (37:12):
Indeed offset to a degree by our anemic dollar, which
also helps tourism. But we'll get you back and see
what those March numbers are when they come through. Renad
de Montshur is the chief executive of Tourism New Zealand.
Trust in the Media new numbers on that this morning,
which makes for interesting chat. More of that in the
moment fourteen.

Speaker 1 (37:26):
Past the high Asking Breakfast Full Show podcast on iHeartRadio
powered by News Talks.

Speaker 2 (37:33):
At B got to get to the BSA, the Broadcasting
Standards Authority shortly seventeen minutes past seven. But related matters
trust in the media things are improving. General trust is
up five percent we learned this morning to thirty seven percent,
first left in six years. Fifty percent trust the news
they consume, which is up five We got avoidance problems
that's risen to seventy eight percent now. Doctor Midia Mililati

(37:53):
is the co director at the aut Research Center for Journalism,
Media and Democracy and is back with us this year.
Morning to you, good the morning. I probably asked you
this last year. What's that? Are you confident in the
robustness of your numbers? Where do you get them from?
Who do you ask? Do you hand out food vouchers
for them to participate or what?

Speaker 22 (38:09):
No?

Speaker 18 (38:10):
No, that's annual annual, So where we do and it's
nationally represented example, so it's you know, across the New
Zealanders we ask over one thousand New Zealanders and what
they think about the trust in news and this is
done done by the Horizon Research appalling.

Speaker 22 (38:27):
So yeah, we don't go to the street corners.

Speaker 2 (38:30):
Right, how I mean, how specific is it? Because I
mean if you ask me do I trust, say news talks,
it'd be my answer would be yes and no. There
are bits of the station I trust bits I don't.
Do you break that down or not?

Speaker 18 (38:43):
No, we don't.

Speaker 6 (38:44):
Actually, you know, it's it's really.

Speaker 18 (38:46):
The whole concept of trust is of course really tricky
what to be what people mean with the trust?

Speaker 22 (38:52):
So we are we are.

Speaker 18 (38:56):
Looking at the people's perceptions of things and that's what
the survey is.

Speaker 22 (39:00):
How the people perceive the news.

Speaker 2 (39:04):
And then having said that, so I wonder if you
get yourself stuck in a bit of a hole because
main source is TV. So when you say that, the
say that's the main source of news. Is that international
or is that just local TV?

Speaker 19 (39:20):
Oh?

Speaker 18 (39:20):
The main source is for the news is news apps
and news news sites.

Speaker 2 (39:25):
So it could be could be seen in could be
TV one, could be the BBC.

Speaker 22 (39:29):
Well yeah, we.

Speaker 18 (39:31):
Look then specifically of course the New Zealand news brands
how they consume news.

Speaker 2 (39:37):
Yeah, okay, But then you go to social media and
I mean that's just a can I be blunt with you,
that's just a ship show. I mean, I mean, how
do you know what's coming at you from there?

Speaker 6 (39:48):
Uh yeah?

Speaker 18 (39:49):
So social media, I know it's a tricky again, but
we ask we follow the similar kind of you know
method a lot lang Dan Rogers Institute in Oxford University.
You know that the social media is we ask, of course,
you know what social media they consume.

Speaker 22 (40:05):
So we look at the Facebook, TikTok, Instagram, et cetera.

Speaker 18 (40:08):
So what people come across in social media and what
they come across as the news is we don't really know.

Speaker 22 (40:17):
And that's the tricky part.

Speaker 2 (40:18):
It is a tricky part. But I suppose the outside
is things are improving and that's encouraging.

Speaker 22 (40:23):
Yeah, that's good. Yeah, a good sign for the journalism.

Speaker 2 (40:26):
Yeah, good stuff. All right, nice to talk to you,
doctor Merrigan, Miler Lanti, who's at the au T see
now the example, the reasons the social media person. I
can give a monkey space like work, work it out
for yourself. If you think you trusted, you trust it.
If you don't, you don't high team re epic fury.
Have you heard that Trump is trying to put through
a mandatory draft for military service for young men in

(40:47):
the USA? Heard this from a client yesterday who is
desperate to get his son out of there. Where'd they
get that from? Given it's completely wrong? So they believe it?
Do they trust it? Clearly the trust it? Or do
they not trust it? By texting me? Fortunately, I've got
the answer shortly, because you can trust me. Seven twenty.

Speaker 1 (41:10):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News talksp.

Speaker 2 (41:18):
Now, if you haven't been to chemist Warehouse lately, what
we got is the April catalog. Saale is Crazy Vitamins Yes,
New Go Healthy, Go Creatine plus magnesium powder only twenty
nine ninety nine yer savings seven bucks. You got the
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free Amiga three for just eighteen ninety nine savings seven.
If you're after the cosmetics, there is the MCO Beauty

(41:38):
Ultra Shine lip glaze range. It's the one I use
for only fifteen ninety nine. That's twenty percent off. The
Lorel Paris Telescopic Extensionist mascara just twenty three thirty nine, sorry,
twenty six thirty nine, which is twenty percent off. And
that's even before you get to their haircare, the sports
nutrition and the fragrances they go to all it's going
to run till April twenty two, which is not that long,
so you better get in store. Maybe do it online

(42:00):
if you want, but the great savings every day are
to be found currently at Chemist Warehouse. Paski now seven
twenty four. One of the easiest games in town is
currently being played in Wellington. So you've got the water company.
They've got a nice new Maori name and they're going
to start sending out specific water bills to everyone, which
upon first blush if you've never got a water bill
before seems a lot, the average being about two and
a half thousand dollars a year, But then the upsize.

(42:22):
It's good to know I would have thought what things
actually cost, as opposed to having it all heading away
in a mass bill called rates where no one's got
any idea what's going on. The real scrap, though, is
over the pay packets. They in this new company are
a lot bigger. Now. The chair of the board gets
one hundred and ten thousand dollars they used to get sixty.
The members of the board get sixty they used to
get thirty. The bloke who carries the can as the CEO,

(42:43):
he gets six hundred and foot with forty five thousand
dollars a year. Now. Toss a few figures like that
about the place, and suddenly you've got a lot of banks,
a lot of upset. But here is your real world issue.
You either want decent people for the job, any job,
or you don't. Now I don't need to tell you
that previously a lot of people doing Wellington's water work
we're clearly useless. In a small and not complete way.

(43:03):
Money fixes that. It is not to say big money
automatically gets brilliant, but it is fair to say if
you pay rubbish, you will get rubbish. The old community
contribution that gives something back line only carries you so far.
You tend to do good as not professionals. And can
I be even slightly more fiscally acerbic by suggesting, even
at these new inflated numbers, you're not exactly paying top dollar.

(43:25):
I mean, six hundred and forty five thousand dollars is
a lot of money if you're in year thirteen, or
you're a teacher, or you're a journalist. But it's not
too much to be a CEO, and even less when
you're the CEO of an entity that's under tremendous pressure
and publicly accountable by a population that will want to
lynch you if you fail. See the public services are
as a rule underpays, and that in part is why

(43:47):
the public services in the state it's in cheap. In general,
is no way to run business, sign contracts, accept quotes,
or operate your life. Worry less about the money, more
about the outcomes. If Wellington had never had a water worry,
no boost pipes, no contamination, no pooh in the harbor,
and the bloke running the place was earning two million and

(44:08):
gave you that. What a bargain, asking the epic fury thing.
So you got your news from god knows where. So
the answer is, mandatory draft is already the rule. And
we covered this on the show last week. You have
to buy law enroll in the military in America at
a certain age. If you do not, it's a crime.

(44:30):
They can chase you down. They don't, but technically it's true.
What they're looking to do is change it. So you
have to enroll yourself, and in doing that, they're looking
to save money. That's all that is. They're not conscripting.
They're not lining up every eighteen year old in America.
We're not off to war. So what you've done is
from your news source, whatever that news source was, you've

(44:52):
gone and concocted a story and added one in one
and come up with thirty two. Now back to Chris
Hipkins and whether we it's gone silent deliberately. That was
a sort of a well covered story so far this
year they have gone silent, and they're doing it deliberately.
For the election, they were looking for the government to
shoot themselves in the foot and to simply keep saying
the useless, the useless, the useless, and the more they

(45:14):
could say that, the more they were hoping it would stick.
And by the time you got to election time then
of course they were the only alternative. The problem being
now is they're absent in the middle of a so
called crisis. When people want debate and ideas and contribution,
they are nowhere to be found, and that is becoming
a problem for them. Reputationally speaking, News Next.

Speaker 1 (45:37):
No fluff, just facts and fierce debate, the my Casking
Breakfast with Ranger of a Sport SV the Ultimate Performance
SUV News, TOGS, DV.

Speaker 2 (45:47):
My public service no longer underpays to the same extent.
They now are consistently being paid more twenty one point
four percent increase over the past five years. That's true,
but you're talking about the public service in general. I
was referring to at CEO level that it's one of
those interesting I first lunted at Radio and New Zealand
many many years ago when I was working there, and
I think it's fair. It's probably still the same, but

(46:08):
I think it's fair to suggest on average people at
Radio New Zealand as journalists were paid more than journalists
in the private sector, but no one was paid particularly well.
So in other words, broadly speaking, everyone was paid a
bit more than the private sector, but nobody was right
up the top. And my reference to the CEO of
the water entity at six hundred and forty five thousand

(46:28):
dollars to be and I know, six hundred and forty
five thousand dollars a lot of money, but six hundred
and forty five thousand dollars to be a CEO in
this country is being underpaid. And underpaid fairly dramatically, was
my only point. And unless you want to pay proper money,
then who would want to do it? I mean, who
on earth would want to be the head of Wellings Water.
I wouldn't do it. You paid me twenty million dollars,
I wouldn't do it for goodness sake, because I mean,

(46:48):
you know, it's a hiding to nothing. Carneie Mark Canada.
He's a rock star, so he's from broadly speaking, the
I'd call him center as opposed to center left. But nevertheless,
just to remind you, in case you've forgotten, Trudeau's running
the place. Trudeau's a disaster. Trudeau during COVID tries it
on and he's running a minority government. During COVID, he goes,

(47:11):
I know, like so many other people around the world,
will have a crack at an election, and because everyone's
running scared at the moment, they normally re elect the
people who are running the country. Didn't work for him.
He won the election, but he was still a minority,
so he went from minority to minority, and then after
that people got thoroughly sick of him and he finally quit.
Along comes and at this point the election was due
and the Conservatives were going to romp home in a

(47:33):
way that Canada had not seen anywhere. They were going
to win basically everything. It was a disaster for that
particular party until Mark Carney comes along. Former Bank of
England governor of course and Bank of the Reserve, Chief
of the Reserve Bank in Canada. He comes along and
not only wins, but wins well because he stood up
to Trump and people admired that in Canada and he
did it well for the Liberal Party. So anyway, he's

(47:55):
out holding a couple of elections yesterday and he is
a minority prime minister until yesterday when he won a
couple of seats, and he's now a majority Prime Minister.
So in a couple of ridings in Toronto they won
both of those and so now it's a majority. So
there's a guy who's an incumbent and this has not
happened before. It's the first time in Canada that a
majority was formed through a combination of special elections and

(48:17):
defections to the governing party. Last time they had a
majority government in Canada was twenty fifteen, eleven years ago.
So they run it with minority. So they've got one
more to go, one more result to come in, but
they think he's probably going to win that as well,
so he's gone from minority to majority. He stood up
to Trump and won. I just contrast this with what's

(48:38):
happened to Aubarn of course in Hungary in the last
forty eight hours. It seems if you're not associated with
Trump now there are dividends to be paid.

Speaker 1 (48:47):
Twenty two The Mike Asking Breakfast Full Show podcast on
iHeartRadio powered by News.

Speaker 14 (48:54):
Talks at b.

Speaker 2 (48:57):
Big fire at BYD's Pinching Park campus and shen zing overnight.
No casualties, no injuries, didn't affect production of operations, but
a massive fire and the lots of them destroyed there,
which is interesting because I was noting yesterday the fine
north of walking into the very flash golf course, the
turret eaty golf course that burnt down the restaurant there.
The suggestion was that the cart there was a delivery cart,
golf cart lithium battery. Once it goes it's hot, you

(49:20):
know how that goes. By the way, Just quickly back
to the Delta air Lines thing on oil. So Quantus
yesterday announced and this is the interesting interface between what's
going on in the world at the moment and the
sort of pressure that must be on Trump to do
something about this. So the Europeans are talking about this
material shortage of jet fuel their coming summer. And yes,
you can cancel flights, and yes it doesn't really affect anybody,

(49:41):
because most major airlines run a series of flights that
aren't particularly full. They can kill those fairly quickly and
just pack everybody else into the remaining flights. So not
the end of the world. But the fuel expenses for
Quantus was announced yesterday had gone up eight hundred million dollars.
That's not the bill, that's how much it's gone up
by two somewhere between three point one and three point

(50:03):
three billion dollars just for the fuel. So they're redeploying
big craft on the North American routes, and they're getting
them into Europe because of course, no one can fly
through the Middle East at the moment, so that must
be killing them, which is why I'm optimistic about New
Zealand tourism and to a degree in New Zealand, although
they are limited by planes and seats, and surely this
must be one of the best parts of the world

(50:23):
to go at the moment. If you're going to Europe
or Europe's coming down here, you're going through Asia, you
may be going through America, if you're not going through
the Middle East. This is all good for us. But anyway,
this thing I discovered yesterday that I hadn't known about
was Delta. They bought the Trainer refinery to directly control
their expense of jet fuel. They did it in twenty twelve.
It's in Pennsylvania. They called it a physical shield against

(50:45):
market spikes. I meanhow fortuitous was all of that. And
at the time they do one hundred and eighty five
thousand barrels of crue to day, so that basically allows
Delta to secure the jet fuel at a much lower cost.
And it helped say they think then, and this was
back in twenty twenty two, when the last few price
surge came along. It was saving them seven hundred and

(51:06):
eighty five million dollars. By owning your own refinery, you
will never be short object field. Isn't that amazing? Quick
word on the BSA if I could. Paul Goldsmith yesterday
suggested he was at a meeting public meeting in why
can I He was outlining somebody asked him about the BSA.
The BSA. I can't work out whether it's a story
or not, because I went to the BSA website this
morning to just see what they do. They don't do anything.

(51:28):
Did you realize how little they do? How many complaints
did they receive last year? Quick pop number ninety ninety
complaints in a year. How many decisions did they issue?
Eighty four? How many of those were upheld? Eight eight?
So only got ninety letters. I get more than ninety

(51:49):
letters a day.

Speaker 19 (51:52):
Anyway, and those are all complaints too.

Speaker 2 (51:53):
Exactly, That's what I'm saying. I get ninety people comparted
frolaining about me every day anyway.

Speaker 19 (52:00):
Other than the family members.

Speaker 2 (52:02):
Eight were upheld. Now they're all blocked. Eight were upheld.
So in other words, they didn't do anything, because they
don't do anything. I'm just wondering to myself out loud
whether or not anyone actually cares about it, because the
media covers the BSA a lot. You know, people get
fixated about the BSA, but given they don't do much anyway.
So he's at this meeting yesterday, and why can I

(52:23):
three options keeping it, redefining it, or scrapping it. He
eventually got around to telling the meeting he would quote
unquote probably land on the third option. It's become arbitrary
as to who's covered and who's not covered. So I
think probably the tidiest solution is to revert to a
media council style arrangement. The media councilors funded. I don't
even know who the media council are. Do we fund them?

(52:45):
Does the industry fund? I couldn't give them.

Speaker 19 (52:47):
Just surely we can.

Speaker 2 (52:49):
Get to lay them all off.

Speaker 19 (52:50):
Do we get clawed to do it?

Speaker 5 (52:52):
Or yeah?

Speaker 2 (52:52):
Exactly put it into chat GBT Hoskins said this, what
do you reckon? Claude He's called that's the end of it.
How hard can it be? Thirteen to eight?

Speaker 1 (53:01):
So my costing breakfast with Bailey's real Estate News dogs
they'd be.

Speaker 2 (53:05):
The only reason I mentioned the BSA is because I mean,
obviously something's going to get done about it. The other
thing I forgot to mention before the break was I
don't know why Goldsmith's taken so long to do anything
for a bloke who was going to do something about it.
He's taken an awfully long time and he's still actually,
if you think about it, actually hasn't done anything about it.
He's just stood And why can I and gone. Well,
of the three options that I've had in front of
me for two and a bit years, I I might

(53:29):
be getting to one of them, but I'll let you know. Anyway.
The reference I made to California earlier on this is
the other thing about fuel I didn't. I mean, I
guess this is the interesting thing about wars and calamities
and upset You learn a lot of stuff. So I
learned that Delta's got their own refinery. I learned the
California remarkably, because, of course I always assumed that the
cost of fuel in California was so much higher than

(53:50):
the rest of America was because they were woke and
left leaners and wanted to save the world, which in
part is actually true. Because they use a cleaner fuel,
and because they unit use a cleaner fuel, it's not
the fuel that comes in the pipe from the rest
of America. They have to import their fuel from the
international market the same way we do. Now. The problem
with that is their California, which makes them American, which

(54:12):
means that China Career in India refuses to do business
with them, so they've sort of limited their market, which
is kind of weird as well. MHS Mike Hosking Standard
authority would be a better use of the time. I
think that's probably true last time. And that's the other
thing about the BSA. I mean, because they're not used,
what's the point. As I said, I think the other
day on the program that the industry these days is professional.

(54:34):
Broadly speaking, it's professional, it's well regulated, there are good
people operating, and it's a rare, rare, rare day in
which a decision is made by the BSA where something
egregious has been done. In other words, most days there's
nothing happening in the New Zealand media. That is outrageous.
There's a lot of whiners who tap away little letters

(54:55):
to the and they're the same people over and over again.
Next to none of them get held up. The last
time I got held up by the BSA or upheld
by the BSA was the weirdest thing during COVID, which
I made a reference to Italy. Look it up. It's
almost worth looking up. It probably isn't, but it's almost
worth looking up. I made a reference to Italy and
Italy's approach to COVID. And because and I lost, somebody

(55:17):
whined and I lost. And because I didn't reference all
of Italy's response, I was just referencing a regional response.
Because I didn't reference all of Italy's response, I somehow
breached some broadcasting standard. And even when I read the
whole thing, I still couldn't understand what it was about.

(55:37):
That's how stupid it became. Mike, last time you spoke
to Mark Mitchell, he was on holiday in BALI did
he race back here because of the cyclone? If he
did excellent judgment? Yeah, marxid everything. He permanally carries a
raincoat nowadays everywhere he goes, he's got a raincoat, and
so I'm assuming I can ask him after eight if
you want. But I'm not sure whether he came back

(55:58):
because he was due to come back, or whether he
had dashback. But I do know, and this, I suppose
is exposing the fact he has a lot of holidays.
I do know a number of his holidays have been
interrupted by the weather. I also know I was really
nervous for him during his wedding, or for his wedding,
which was a couple of weeks ago, because not only
was it in the latter part of the cyclone season.

(56:19):
He doesn't refer to summer or winter. He just talks
about cyclone seasons. So it was in the cyclone season
and it was in Corimandel, and I'm thinking, how much
trouble you want bark He goes, don't worry, I've got
marine coat. So anyway, so he got away with it
was a very nice weekend. Be that as it may.
I will ask him afterwards, but I on the weather front,

(56:40):
I don't know whether to take him on because what
Craig Little said was right, and the state of emergency
thing is woke, and there's no question about it being
woke and what happened when I was watching the Supercars
on Saturday when they called the state of emergency in
the middle of the North Island at a time when
the forecasters, who were wrong anyway, were forecasting something very coastal.

(57:06):
I thought, hold on here, they're calling this because somebody
else called it. And clearly that's what happens everybody. Every
mayor rings up every mayor and they go, hey, look,
we're about to call the state of emergency. Do you
think you'd like a state of emergency? Well, yeah, I
spa seeing you're calling a state of emergency. We should
have a state of emergency. I wouldn't want to be
seen without a state of emergency. If you've got a
state of emergency, it's how it works, isn't it. Whether
you need one or not, it's all preemptive. And as

(57:28):
Craig Little said yesterday quite rightly, I looked at it
and I thought, this is a fath it's too much energy,
it's too much work, and it's not needed. And God
bless him for that, not every time, but you've got
to back yourself and believe in what you believe in. Anyway,
the point being Mitchell wandering around the country with his
raincoat on is very much into the state of emergency.
And what I did like about what the Prime Minister

(57:49):
said the other day to stand up in hitting back
at Little was that they've got better at the response.
And in that part of it, I agree, because if
you respond, and if you pray and you oil the machinery,
you will actually get good Because one of the great
problems we had every time something happened in this country,
all the dumpty dews from civil defense and emergency management

(58:10):
didn't have a clue what they were doing. They couldn't
find their ax, their helmet was in another cupboard, and
they weren't prepared for anything. So at least now they
know what they're doing and the response appears to be
half decent. So and that I can I can go
along with you. But it's just the build up that
we need to deal with and get the media under control.
I guarantee you forty seven percent of that survey this

(58:34):
morning on the media and the lack of trust comes
from what we saw last week on Monday, Tuesday, Wednesday
and Thursday, when it's all hyperbole and bs and alarmism
and not real fact, Mike, I was quoted a round
trip to New York. It was thirteen thousand dollars a
few months ago. Now it's twenty four thousand dollars family
of four. Well that's the market. Can I just tell

(58:56):
you a semi interesting story. I did the same thing
because I'm going to We're going to London next month,
and I was just looking and I priced he in
New Zealand to New York because the simplest thing for
our particular trip is to go from here to New York.
Because we actually need to go to New York. We're
going to London because I didn't want to go to
New York directly. I wanted to go other places. So

(59:17):
we're basically going around the world to get to New York.
But of course if I'd gone directly to New York,
like Auckland to New York. So anyway, I looked up
the other day in New Zealand three seats. To be fair,
they are at the front of the plane. But what
else would you expect from a prat like me? Three
business class seats to New York and return. What do
you reckon sixty two thousand dollars? Who's paying that.

Speaker 19 (59:43):
Oh sorry, I think you're gonna say bargain.

Speaker 2 (59:44):
Yea, who's paying that? Politics Wednesday is but moments away
he'll take his raincoat off because we do it in
dry conditions. Mark Mitchell and Jenny Anderson sure.

Speaker 1 (01:00:05):
Asking the questions, others won't the mic asking Breakfast with
Bailey's real estate altogether better across residential, commercial and rural
news talks.

Speaker 16 (01:00:17):
Head be be an embassador.

Speaker 1 (01:00:23):
England brand.

Speaker 21 (01:00:26):
You may like gamble.

Speaker 1 (01:00:30):
And you may like to day.

Speaker 2 (01:00:31):
Right, So what we got here is a saxophonist called
Javon Jackson, and he's doing covers and he's obviously got
guests singing Dylan, so it's Jackson plays Dylan, Jabon Jackson,
may you Reckon? And it's got all it's got pick
a Dylan song, Scott, all the ones in the This

(01:00:55):
isn't blowing in the winter, Scott blowing in the winter. Anyway.
Eventually there are eleven tracks. Okay, cover album's still fun,
They're still fun. I don't know.

Speaker 19 (01:01:05):
I think ones like this where they do something different.

Speaker 2 (01:01:09):
Okay, change it up, you meet. They've got an hour
and one minute and forty one seconds of music. So
that's that's certainly aboue for money there. So Jackson plays
Dylan Jabon Jackson. It's eight minutes past eight. It's time
for politics Wednesday. Mark Mitchell and Jinny Anderson both well,
it's good morning to you both.

Speaker 15 (01:01:28):
Morning.

Speaker 2 (01:01:29):
Are you filling your school holiday?

Speaker 22 (01:01:30):
Jenny?

Speaker 2 (01:01:33):
Sorry, are you filling your school holiday?

Speaker 16 (01:01:35):
I'm a napier and it's very sunny right now.

Speaker 2 (01:01:37):
You're playing mini golf on the foreshore. No.

Speaker 16 (01:01:40):
No, we had a public meeting on the job losses
and what he's in the cane clothing.

Speaker 23 (01:01:45):
So that was last night.

Speaker 2 (01:01:46):
That would have been a fun meeting. What do you
do at a meeting like that? So you have a meeting.
I mean, no one's making fun of this. It's a
very sad business. But what do you do? You just
sit at a public meeting and do.

Speaker 16 (01:01:56):
What It's a really good way of understanding exactly what's happening.
So we had hours, we had people will work his
workers had deputy near Ewe and really interesting to know
that some of the growers where can there's a three
hundred percent markup on their produce to supermarkets and they
think that's the key reason that those factories have closed is.

Speaker 2 (01:02:16):
That from behind or watties or buy the supermarkets.

Speaker 16 (01:02:20):
That's why they the supermarkets. They say, when from when
they sell the bag of potatoes or their peas the
price from when they sell it to to supermarkets it
goes into the into the supermarkets, it's a three hundred
percent difference, and they said that that's one.

Speaker 23 (01:02:36):
Of the key reasons why it's unsustainable.

Speaker 2 (01:02:39):
Well, one of the key reasons is because we like
to buy imported crap, don't we. I mean if the
canny cheap pictures.

Speaker 16 (01:02:46):
Totally yeah, And now that's going to potentially be made
even worse because if there's no competition from good local
Kiwi produce, then it will make it easier to bring
lower quality foreign stuff and that means hard working Kiwis
can't afford to buy stuff like a bank of frozen paste.

Speaker 2 (01:03:01):
Do Mark, did you just to get this out of
the way, Did you come back from holiday especially to
put on your raincoat the other day for the emergency
or did you just happen to be back?

Speaker 15 (01:03:10):
No that I came back herely I didn't.

Speaker 22 (01:03:13):
I just couldn't.

Speaker 15 (01:03:13):
And good good conscience in Bali and the pool drinking
bin tanks while the country was at risk of a
severe tropical cycle.

Speaker 2 (01:03:21):
How many times your holidays that's the.

Speaker 15 (01:03:25):
Third time now. So we've been up to Bali three
times in the last couple of years, and every single
one of the has been interrupted while weather. But that's
the job, and I just want to you know, like
Jenny's talking about the situation of Hawk's Bay, it is tough,
it's awful. The people have impacted that, but they if
we're talking about weather, the whole horticultural and agricultural sector

(01:03:46):
you have just been. It's been astounding the way they've
recovered after Cyclone Gabriel and come back online.

Speaker 2 (01:03:52):
That's true with their products.

Speaker 15 (01:03:54):
So you know, I hope that there's everyone's working together
to sort of try and find a solution.

Speaker 2 (01:03:57):
I think somewhere now where was I reading yesterday I
worked could have been was it Cheese? Was it to
Pooky or was it Hawk's Bay? Could have been both?
Oh key for it was to so Bay have plenty
unscathed by it, which is which is encouraging. Do you
do you want do you want a bit of back
and forward? Mark, I'm a bit sick of the build up.
Let's try and differentiate what the state of emergency from

(01:04:19):
the media build up in the hysteria. I don't know
if you saw it from Balley, but the Monday, Tuesday, Wednesday,
Thursday of last week was just byes. It was just
you know, duck, now, tie stuff down, run for your life.
I mean, come on, it's surely something needs to be
done about that.

Speaker 15 (01:04:35):
I hear what you're saying, but and I did watch.
I'll watched for three days the initial build up and
watching the emergency management system activate, which quite simply was outstanding.

Speaker 12 (01:04:43):
And we have come a long way.

Speaker 15 (01:04:45):
When I became minister, I had several reports sitting on
my desk, including the one from Sidiary Madaparai saying that
we lose property, we lose lives, and it costs us
billions of dollars because we're not We're not that good
at responding, and there's complacency sitting inside the system. So
of work really hard to change that. And I understand
what you're saying, but at the end of the day,

(01:05:05):
we don't have the luxury to be complacent about these things.
We don't have the you know that there is a bit.

Speaker 20 (01:05:10):
Of a Shelby Right attitude.

Speaker 15 (01:05:12):
And just to give you an example on this one,
it didn't hit us as hard as what we anticipated,
what was forecast. That was a good thing. The system
moved out to the East War, so we got the
fringes of it, but we still had three thousand people evacuated,
fourteen thousand households without power, dozens of roads closed, hundreds
of incidents and rescues performed.

Speaker 2 (01:05:31):
By themes the actual event, get the actual event. But
what you're doing is that's not you, it's what the
media is doing and the Met Service are doing in
the ensuing period, are scaring people for something that may
not happen when they didn't even have they didn't even
have a forecast lockdown.

Speaker 15 (01:05:46):
So you know, like you know, I just think that
the number one, the Met Service do an outstanding job.
But whether it's not a perfect science. And I've been
doing this now for two and a half years, trying
to anticipate and make decisions around it's really difficult because
you got to make decisions eighty percent, not on hundred percent.
But the Met Service people they around the clock and
they do all that they can with their modeling to

(01:06:07):
try and give us the best information that they can.
So so I'm sorry.

Speaker 2 (01:06:11):
I don't apologize. You just agreeed. That's one you're allowed to,
but you you would side with a met service that
tells me, one, we're not sure yet, but this is
what we think is going to happen. And by the way,
change your holiday plans, tie down a trampoline and run
for your life. They're allowed to say that, are they.

Speaker 15 (01:06:27):
Well, I just think that yes, they are allowed to
say that, because you know, the counter to that is
that we start losing lives. And in this year I've
had two weather events. We've lost people. People have died.
So you know, we've got to protect lives, we've got
to protect property. And by the way, if you do
not get these responses right, they have a direct impact

(01:06:49):
on the recovery. And it costs US two hundred dollars
as a country. And look, we cannot afford it. We
can't afford it. Yes, so, and look in liation of
the Craig, we're very closely with Craig and and war are.
But the fact of the matter is the last big
weather event we had through there, the communities were very
upset because they felt like there wasn't quick decisions made
around the management of the of the river entrance and

(01:07:13):
in half the town flooded, and I've still got seventy
million dollars sitting down there to do mitigation that costs.

Speaker 12 (01:07:20):
This text pass buddy.

Speaker 15 (01:07:21):
Yeah, so I'm sorry. We just can't live in this
world anymore with his complacency. It doesn't mean that we
need to be alarmist, but we've just got to be
prepared and we've got to make sure that we take
this stuff seriously.

Speaker 2 (01:07:31):
I'll get you view in a moment, Jenny, Jinny Anderson
Marke Mitchell fourteen past.

Speaker 1 (01:07:35):
The Mike Hosking Breakfast All Show podcast on iHeartRadio, cowed
By News.

Speaker 2 (01:07:40):
Talks ab News Talks every seventeen past they Jenny Anderson
Marke Mitchell. You got anything to say on that, Ginny,
You don't have to, but just in case you want to.

Speaker 16 (01:07:49):
That's always a really tricky one to get it right.
I mean, I think a lot of people around here
when I've spoken to him last night as well. You know,
it's likes on Gabriel with such a matter of impack
on the community, and I think there was real concerned
that we would have a similar event.

Speaker 23 (01:08:02):
So I think you do much right.

Speaker 16 (01:08:04):
You can miss that often, but you do need to
be take precaution and make sure people are safe. And
we can't exactly predict the pathway of a cyclone, it's
better to be on the safe side.

Speaker 14 (01:08:15):
It might.

Speaker 15 (01:08:16):
I take your point completely, and I think your point
you're making is let's not use language that is too
alarmists and really scares people, right, And I agree with that.
But the important thing is to get the information to
people so that they can make decisions themselves, because the
best response to these events is whole of society, with
people taking some personal responsibility, making their own evaluations and

(01:08:38):
making decisions. But I do want to defend the Mews
on this because I work very closely with them and
I am always I always encourage them, and when they
make the declarations early and make decisions early, I always
support that because the best way for these responses is
to make decisions early, preposition, pre prepare, and be ready
that we can deal with worst case scenario, because the

(01:09:00):
way that we look on the world, and I have
to look on the world, is always worst case scenario,
because every time we don't is when we get caught out.

Speaker 2 (01:09:06):
All right, fair enough, Ginny, did you read Thomas Coglin's
piece over the weekend on the problems that the Labour
Party now have with the lack of policy and standing
on the tiles not being able to answer questions.

Speaker 23 (01:09:16):
I did read that article.

Speaker 2 (01:09:18):
Yes, is Thomas wrong?

Speaker 23 (01:09:20):
Well, I think of a few policies. I think of
the three free GP visits every key each year.

Speaker 16 (01:09:26):
I think of a future fund which uses state only
sets to build deeper capital markets so quey businesses can
stay in New Zealand, having a loan scheme for GP
practices so they can invest in their own clinics here,
having free to vical screening for women, and in the
video game development.

Speaker 23 (01:09:41):
And I worked on to make sure we keep que
jobs here in New Zealand and help support that industry.
So it's just a few other policies.

Speaker 2 (01:09:48):
So is it a perception then, and does the perception
worry you or is he just made that up and
it's not a thing at all.

Speaker 16 (01:09:55):
I think we've said very clearly that we won't be
putting ourselves in a position and we are promising five
hundred cops both in November and not doing it or
seeing blacks and promise fix the economy and.

Speaker 23 (01:10:07):
It not happening.

Speaker 16 (01:10:08):
So we want to make sure, if we make promises,
we can deliver on those and that's where we've been
different this time.

Speaker 15 (01:10:13):
Okay, I think they approach. The approach is to just
try and remain a small target. That's why you're not
seeing any major policy coming out. They definitely wouldn't know
how to deal with the situation that we're dealing with now.
That's why you're not seeing anything come out from them there.
And in terms of policing, Jenny's been out with our
beat squads that we stood up congratulating.

Speaker 23 (01:10:33):
That time police officers that walk.

Speaker 16 (01:10:37):
Around the shopping mall for for three hours, so that
was great.

Speaker 15 (01:10:40):
Yeah, well it doesn't sound like it to me. It
sounds like you having to go at them. They're doing
the outstanding job. But then you've got comes out.

Speaker 1 (01:10:54):
And you say, it's how.

Speaker 15 (01:10:55):
Small the sellers And and by the way, remind all
kiwis the only pole see they had when they last
and government was reduced the prison population by thirty percent,
and look what we got.

Speaker 16 (01:11:05):
Message five thousand to get two police backs.

Speaker 22 (01:11:09):
In Australia is true.

Speaker 15 (01:11:10):
Well, I'll tell you what, so that's a great return
on investment because we've got fourteen coming back and that
was that's going to say five hundred and five hundred
and sixty thousand dollars, So thirty five thousand spent on
the advertising is actually pretty good.

Speaker 2 (01:11:26):
Fourteen what you're claiming two per copper?

Speaker 15 (01:11:29):
Ye from one understanding from understand this, Well, it's already
paid back because two have come back. They don't need
to be trained. It costs forty thousand to train them,
so that's eighty thousand dollars saving. And then we've got
twelve more that have signed.

Speaker 16 (01:11:41):
Up that have that are So when you're going to
get five hundred, what's the new date for the five
hundred second?

Speaker 2 (01:11:46):
I don't worry about the five hundred.

Speaker 15 (01:11:51):
They all those all those beat cops, all those beat
cops you've been hanging out with, Ginny, they're.

Speaker 22 (01:11:56):
All part of.

Speaker 2 (01:11:58):
Did you get that what they tell you a secret
journey just between you and me, Well, they really tell you.

Speaker 16 (01:12:04):
It was pretty interesting in Auckland to see actually what's
going to happen with the move on orders. So you know,
these are pretty clear view that the orders isn't going
to be used for just homelessness, that they'll be.

Speaker 23 (01:12:14):
Orderly to move them on, and that's the strong view from.

Speaker 2 (01:12:16):
Would you tune around so so the move on orders
come in the elections held in the Vembu win the election,
will you flip the move on orders?

Speaker 23 (01:12:24):
It depends how they're going to be used from the government.

Speaker 7 (01:12:28):
So we're not going to of course they won't flip.

Speaker 2 (01:12:31):
They're not going to flip.

Speaker 23 (01:12:32):
Any answer the question you might you super quick.

Speaker 16 (01:12:35):
What I'm going to say, and if they are using
it just to deal with disorderly and behavior is they've
said they would, but not move them on just for
being homeless. But that's something we'll take a look at
and see how it's operating. I'm not going to make
a call on that, but it's happening to see they're
not going to please say, they're not going to use
it just to move homeless people on. That's what their viewers.

Speaker 2 (01:12:55):
Always a pleasure you too, Jinny Anderson, Mark Mitchell, AG
twenty two, The.

Speaker 1 (01:13:00):
Mic Hosking Breakfait with Veta Retirement Communities News togs Head b.

Speaker 2 (01:13:05):
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(01:14:19):
team in Western Bay a plenty? The event was managed exceptionally.
Market's team made a huge effort to visit our HQ
during the event and spoke with every single person on
the team. And outstanding leadership without pissing in his pocket.
And he's sort of on the program every day and
he's a hell of anized guy and all that sort
of stuff. Have you seen in this government or indeed
any other in terms of delivery on portfolio a guy

(01:14:42):
more omnipresent and all over his brief? Have you ever
seen a minister more all consumed by the job of
in his case, emergency management. There isn't a shower, a
breeze or an emergency. He's not at ready to rock
and roll and to offer some insight. So no one
works harder than he does. So congratulations to him. News

(01:15:05):
for you in a couple of moments, and then we'll
go with Steve Price in Australia.

Speaker 1 (01:15:09):
Have tough on power sharp on Insight, the my costing,
Breakfast with Vida, Retirement Communities, Life your Way News togs
Head be another thing.

Speaker 2 (01:15:18):
I don't think Labour's going to flip if they happen
to win the election. Is the fast track. I think
there's enough now to prove that doesn't matter what you
do in this country. What the idea is. If you
allow people to complain, they will and that's the beauty
of fast tracking. Yesterday the new film and television production
hub in Queenstown and the Wakatipu Basin got the big tick,

(01:15:38):
the Airburn screen Hub. That whole air Burn thing is
turning into quite quite the establishment in terms of restaurants
and hospitality and tourism attractions and now the film studio,
Waterfall Park developments. So they went they said, yes, there
are some concerns, this is the expert panel. Yes there
are concerns. While there is considerable uncertainty regarding the extent

(01:15:58):
of regional benefits, that combination of the construction and operation
of the screen hub would have significant regional economic benefits.
Environmental effects were a critical issue, noticeable but ultimately not severe.
They looked at the usual stuff like traffic noise, and
ecological effects less than minor tick. Thanks for coming, get

(01:16:19):
on with it, and the more of that the better.
Twenty two minutes away.

Speaker 3 (01:16:22):
From nine International correspondence with ends and eye insurance, peace
of mind for New Zealand business.

Speaker 2 (01:16:28):
I'm treated to see much money Matte, Hello, that have
we got competing? I mean, how's this? Is this dovetailing?
And I referenced yesterday's speech by Angus Taylor, which I
happened to watch live. So he's trying to say something
that will appeal I'm assuming to the Pauline Hanson crowd.
But the other day Matt Canavan Nationals he said something
that's similar to what Angus was saying. So is everyone

(01:16:48):
saying the same thing?

Speaker 14 (01:16:49):
Now?

Speaker 12 (01:16:50):
Well, certainly the opposition now they know that the immigration
is a major problem in the country. I mean practically,
it means the housing supply hasn't caught up at all.
I mean to know the numbers. I mean, in the
first three years of the Labor government, they brought into
Australian net migration of one point four million people. Now
that's bigger than the city of Adelaide. When you put

(01:17:12):
it in those terms, you go, well, hang, hang, we
can't keep doing that, can we? And that's what most
Australians feel. If you do any polling, people will say
that immigration numbers is very high on the list of
concerns for people, particularly with the lack of housing. So
Angus Taylor stood up in front of an audience yesterday
the speech that you watched. John Howard was there in
the front row, who famously, of course when he was PM,

(01:17:33):
said we will decide who comes to this country in
the mode in which they come. And so Taylor is
trying now to link and he hasn't put numbers on it.
By the way, I had his immigration spokesman on Sky
last night and he wouldn't either. They're going to wait
to unload that when they get close to the election,
which is still two years away. But Angus Taylor, as
you would have seen, said that people should not be

(01:17:55):
allowed into Australia if they don't believe in democracy, freedom
of speech and freedom of a sociation, warning that quote,
we have stopped celebrating our great nation. Now these are
all very motherhood statements. How do you prove that? Where
do you go to get people who believe in the
great Australian values? What are they I would say that
in twenty twenty six many Australians who've been here for

(01:18:16):
their whole lives couldn't tell you what that exactly is.
How this is all going to work in practice is
not exactly clear. But one thing that is clear is
that will be a focus on countries that are quote
social democracies. Who are they? Well, you obviously in New Zealand,
but the UK, the US and Japan were the three

(01:18:36):
countries that Angus Taylor mentioned and so that's a clear
reference to we would be limiting the number of people
coming from the Middle East and from parts of Africa.
Now that's not gone down well with the Greens. They've
called the policy racist. Tony Burke, who holds a seat
in Sydney full of people who the migrated the Middle East,

(01:18:56):
also slammed the policy in saying that Angus Taylor doesn't
know what he's doing. So this is the first real
shot I think by in the lead up to the
next election.

Speaker 2 (01:19:05):
So two part question. Part one is so they're all
the right center right conservatives, whatever you want to call them.
On roughly the same page. Does Angers Taylor gain from
the Pauline Hands and crowd? Does he get them back.
Part two? Can the government defend what they're doing? And
when it's Garsans and stuff say no, we want more
of these sort of people. Are they in trouble with this?

Speaker 12 (01:19:28):
Yeah, the government can't defend that, and they've in fact
talked already quietly about what they might do with the
wait for this figure sixty five thousand. These are overstayers
who are currently in Australia and have been here for
many years. How do you round those people up and
move them out of the country without someone saying, well,

(01:19:48):
you're just being like Donald Trump and his ice mob
and you're trying to ruin the good lives of people
who are trying to stay in Australia. So One Nation
Ken Angus Taylor pull a voat back there. Potentially the
first test will come with this Phara by election which
is coming up in a few weeks. We will see
who wins that. I'm predicting an independent tier will win

(01:20:08):
that seat. So Pauline has forced these people on the
center right of politics as you put them to go
down this track. We'll see what it does in the
polling when that comes out next.

Speaker 2 (01:20:19):
I also watched yesterday Jaciner Ellen with is this a
crisis when three of you key ministers quit and you've
got to find three or four new ones.

Speaker 12 (01:20:27):
Well, they obviously all think that they're going to have
potentially a loss at the next election, or they might
lose their own seat. She's lost four in fact now
one went last year, and I'm todd there's two more
that will go between now and the election, so that
I'll make it six. So Yes, insiders tell me that
what she's doing is rounding up fellow travelers, promoting them

(01:20:50):
into positions of ministers to try and stop herself being
axed before the election. That's what her great fear is.
So she's promoting people from her own faction, and that's
getting ready for the election. She hopes she'll still be there.
The National Party, by the way of pre selecting a
candidate to stand against her, who very nearly won the

(01:21:11):
same area during a federal election. So I think she's
in trouble with her own seat.

Speaker 2 (01:21:15):
Okay, Countess man that you think about you putting your
petrol in your car, imagine putting in on a plane.
I mean, unrelay.

Speaker 12 (01:21:23):
Their estimates on their fuel bill is around three point
three billion dollars for the next twelve months. That's up
on the estimate earlier by eight hundred million dollars, so
they are really feeling the effects of the shortage of
ab gas or get fuel. We get most of it,
if not all of it, from international sources. A lot

(01:21:44):
of it comes out of China and South Korea, so
their fuel bill is going through the roof. And of
course the other problem that they've got and that has
led to higher air fairs, is that because Emirates, Qatar
all of the Middle Eastern airlines are not able to
give regular and reliable flights through those travel hubs in

(01:22:04):
the Middle East, people are jumping off and putting themselves
on Quantus flights that fly Melbourne, Perth to London direct,
Earth and Paris direct and going through the Middle East.
So every seat on every Quantus planet is full, so
you know they're doing well in that regard, but the
fuel situation is unbelievable.

Speaker 2 (01:22:23):
Do you fly Quantus when you go to Europe?

Speaker 12 (01:22:26):
One hundred percent? I fly either Quantus or with Emirates,
which is part of the system.

Speaker 2 (01:22:32):
Part of the same thing. I was watching Harry and
Meghan yesterday and I can't remember the woman I was
watching explain it, and I thought she did it extremely well. So, yes,
when you go to a hospital, of course you're going
to have a bunch of kids lined up going, oh
aren't they lovely? But at the end of the day,
he's not sold out, she's not sold out. And they
fallen between stalls, haven't they. They're not royal and they're
not material enough to have anyone actually pay any money

(01:22:54):
to go and see them. They're sort of tragic grifters
in the middle, aren't they.

Speaker 12 (01:22:57):
Yeah, the word grifter keeps coming up, except crowds at
the hospital. As she said, that was predictable. So I
should update you because I know you'd be on the
edge of your seat about what might happen today. The
Duke will visit the Western Bulldog's AFL team, which is
holding some function for a thing called November. He'll then
go to canber He's going to visit the Australian War

(01:23:18):
Memorial and he will visit with Indigenous veterans, attend a
reception for Invictus Australia and attend the last post ceremony
before coming back to Melbourne. The Duchess well, she was
very busy yesterday baking for a tata. Last time she
was here it was banana bread, so she's turned her
attention to frattata. Now she was at a homeless women's

(01:23:40):
homeless refuge. She's having the day off. I want to
work too hard. When you make it tomorrow though, you'll
be very interested. The Duke and Duchess will participate in
the Melbourne Scar Tree Walk.

Speaker 2 (01:23:53):
Yeah, Melbourne quite well, what exactly is that?

Speaker 12 (01:23:57):
It's in Yarra Park. I'm going to go down there
and have a look today before they go there tomorrow.
Apparently it's a red gum tree where there's been bark
peeled off it by Indigenous Australians to make canoes.

Speaker 2 (01:24:08):
Okay, and you've you've spent a bit of time in Melbourne,
you weren't aware of that.

Speaker 12 (01:24:13):
I never heard of the Scar Tree Walk. No, so
that's what they're doing tomorrow. And then of course the
Duke has his edge summits seventeen dollars at table. We'll
see how many people.

Speaker 2 (01:24:24):
Yeah, they've slashed the price on that, so you might
be able to get in cheap. The I may go
well and we'll see you next week. Steve Price out
of Australia. The other thing I was looking up the
Intercontinental Cujie Beach. They've still got tickets for Megan. This
is for the weekend. It's limited. This is the depressing thing.
It's limited to three hundred, so she can't even drum
up three hundred. I mean, but what most of it's

(01:24:45):
as far as I can work out, there one evening
where you listen to her drone on. The rest of
the time they ending with a disco. So you're paying
three thousand dollars for a weekend. The Intercontinental Cujie looks
quite good. You go listen her drone on, there's meals
included in alcohol, and then they end with the disco.

Speaker 19 (01:25:04):
I mean, what, well they have one of those light
up flaws. I'm interested.

Speaker 2 (01:25:09):
The only thing is that all I need to see
is it was a silent disco and that that just
would have finished it off for me.

Speaker 1 (01:25:15):
Fourteen to two The Asking Breakfast Full Show podcast on
iHeartRadio powered by News Talks.

Speaker 2 (01:25:22):
That Be Sanchius and Spain has approved plan to give
legal status to this whole migration to bout We were
talking about a moment ago in Australia. There's real traction
and that politically and Hanson will tell you that, and
she's living proof of it, of course. But he's going
to give half a million undocumented migrants legality, and he
says to acknowledge the reality of nearly half a million

(01:25:44):
people who already formed part of our everyday life. So
in other words, they, he says, they want it into
the country anyway, so they may as well make them legal.
The opposition obviously a ropeable about it. A necessity for
Spain an act of justice as well, So that's the
socialist side of them, and act of justice the practical
as the necessity, because they, like everyone else around the world,
they will do jobs that the local Spanish people don't

(01:26:04):
necessarily want to do. The last time somebody did that
to this degree in Europe was in Germany. An Angela Merkel,
who was incredibly popular at the time, did let a
million people in and she said we're all refugees once
and her political career literally blew up in front of
her eyes as a result of that, and you never
heard from her again and Germany has never been the
same again. So he's taking a massive, massive gamble.

Speaker 19 (01:26:28):
Would he be the best looking certainly days looking around
right now?

Speaker 2 (01:26:32):
Certainly the bit. Oh, I like Macron at a right
angle on a good day. When he puts those glasses on.

Speaker 19 (01:26:37):
Maybe once class, maybe once he puts.

Speaker 2 (01:26:40):
The glasses on, he looks all right. But I think
Sanchez went's with natural looks. You're probably right. Nine minutes
away from nine the.

Speaker 1 (01:26:47):
Make asking, breakfast with rainthrow a sport, sv news, Tom's dead.

Speaker 2 (01:26:51):
B Well, it's topic desur It's the debate of the age,
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disclosure statement and Milford's financial advice Provider disclosure statement. Asking
is Megan actually Mike an expert on anything other than
begging your prince? And she won't be talking about that,

(01:27:56):
So why would anyone bother these very good questions? And
of course know she is not. By the way, it
was this time yesterday I was amusing myself out loud
answer asking you the question, are we watching the mental
meltdown of a president in real time? Only to go
home to read a piece from the New York Times yesterday?
Donald Trump's erratic behavior and extreme comments revived mental health debates.

(01:28:17):
So I'm assuming that Peter was listening to us from
New York and think, I know, I'll drum up and
old is your nutcase article again? But it's quite a
good piece. What critics call psychosis, they call strategy.

Speaker 19 (01:28:29):
Now you get second the failing New York Times copying
all your stuff all the time.

Speaker 2 (01:28:34):
I'm over at the failing New York Times five minutes
away from nine.

Speaker 1 (01:28:37):
Trending now will Kim as well book in your flu
vaccination today.

Speaker 2 (01:28:42):
Huseum Trouble one of the best ones, and you always
drive past. It's on the left hand side in your
cab as you're heading into London from Heathrow is the
Natural History Museum. Because you look on the left hand
Sonio plenty hell, it's a good looking building and it's
the Natural History Museum anyway, very popular, but it's free.
So into doctor DOUGERR.

Speaker 7 (01:29:03):
You know, there's a question of here do you charge operationally?

Speaker 24 (01:29:06):
How do you recognize if you were going to do it,
and also what impact does it have not just on
the visiting numbers, but also on things like, you know,
what does it do for thea the other ways we
make money. It's one thing I can absolutely guarantee though,
for every visitor from the US overhere else is is
definitely going to be free this year.

Speaker 7 (01:29:21):
So if you want to come, come this summer, so.

Speaker 2 (01:29:23):
That's this year, then they're going to charge foreigners presumably
why don't they do it like airlines? Because every time
I've gone towards the Natural History Museum. There's a massive
queue outside. So what you do is you get people
to pay more for your gold pass, actually make it platinum.
Don't do gold go platinum pass, gold pass, silver pass,
weight and line pass. And therefore the quicker you want
to get in, the more they charge. How hard can

(01:29:45):
it be? Simple model? Anyway, that's us for the day.
It's worked out quite well. I feel quite good about
what's happened today, and we'll try and repeat the exercise tomorrow.
Is Ryan on tomorrow. Ryan's on tomorrow, Ryan Wood, so
he was stop race was stolen from him on Sunday,
so he will get to make it up at Rupuna

(01:30:05):
and Christchurch on this weekend. So he joins us after
eight tomorrow. Look forward to your company Happy Days.

Speaker 1 (01:30:11):
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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