Full Show Podcast: 16 April 2026

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Opinion edit informed, unapologetic.

Speaker 2 (00:03):
If the mic asking breakfast with Bailey's real estate altogether
better across residential, commercial and rural news talks head been.

Speaker 3 (00:10):
Bonnie, You're welcome today. Your chemist is now your GPS
sort of. Your mortgage rates are going up again. The
angel startup market seems to be booming. Ryan Water ahead
of the supercars and Christyps. This weekend, Joe McKenna gives
us the Maloney Pope Trump slap down update. Rod Little,
who's in Great Britain, Pasky, Welcome to the day, seven
past six. Now a bloke called Roman Goffman could be
the key to all of this. Goffman's the incoming director

(00:33):
of moss Art. So if you believe the story about
the war Netanya who got the intel that the heavyweights
in Iran would all be in the same room on
that fateful Saturday morning. So if there was ever a
time to strike, this was it Nettnya who convinced Trump Netnyar,
who was advised by Goffman, who also believed that if
you hit them hard they would fall over quickly, regime
change would be complete. They were all wrong and badly

(00:54):
so that's why the initial video, Trump told the people
of Iran the country would be theirs to take it clearly,
isn't You can ask the question, I guess if Gofman
was the wrong, if he was wrong on Iran, as
he's still the blake to be running Mossa, and if
they didn't see the regime not falling over, and they
also didn't see the straight becoming the cluster it has.
The IMF report yesterday laid bare just how globally significant

(01:16):
all this is, this particular excursion has become, and how
much pressure goes back onto the shoulders of Trump, who
will be singularly held responsible for a global recession of
a deal? Isn't cut talks look promising, of course, and
I am convinced a deal will be done, what sort
of deal? Who knows Israel? Who should really be held
there as responsible as Trump? It won't be will hold
direct talks now with Lebanon in positive news. It seems

(01:37):
the country is trying to disassociate themselves from Hesbelah. That
may well become a thing which if you dovetail the
Iran America deal and that involves no more sponsorship of proxies,
could it be globally Hesbellar a toast along with the
Hooties and maybe even Hamas Scott Bessant, who appears from
the more normal part of the White House, was rolled
out yesterday to remind us of the big picture. This

(01:59):
the war, the talk boks, the IMF report, The mess
is but a moment in time that will vanish if
Iran gets stripped of the ability to blow the planet up,
which brings us back to the original question and intent.
Was getting nuclear out of Iran a good idea and
would it be worth it? I still think as a
theory yes, and I think a lot of the world
would agree with it. But that hasn't happened yet, and

(02:21):
the brains that started it, gofman Netnyahu and Trump don't
have the same international standing as they did six weeks ago.

Speaker 1 (02:29):
Who news of the world in ninety seconds.

Speaker 3 (02:33):
Is moving at pace. So the strait apparently is permanently open.
So I'll tell you about that in the moment. Round
two of talks is close. The mediators from Pakistan have
arrived in Iran. Pakistanis critical in bridging the gap.

Speaker 4 (02:44):
We are in the right position to bridge the gap
because we have the relationships were very effective embassies, contacts
with board, the leaderships. Hence it happened. Otherwise there were
so many challenges.

Speaker 3 (02:55):
PMQ's and the Commons well worth the price of particular
star had have fended off the coptrolling about the war,
the navy drilling.

Speaker 5 (03:02):
A lot of pressure has been applied to me to
take a different course, and that pressure included what happened
last night. I'm not going to change my mind. I'm
not going to yield. It's not in our national interest
to join the flow, and we will not do so.

Speaker 3 (03:17):
Uh Farage, who gets on a bit bitter with Donald,
was helpful. As always.

Speaker 6 (03:20):
Trump is not an easy man, and right at the
minute he's furious with Starmer because we denied them the
use of the bases right at the start of the war.
Then we changed our minds, let things settle down. We
can have a good negotiation of that. I've got no doubt.

Speaker 3 (03:35):
This bloke from scar simply rang Trump up and he answered.

Speaker 7 (03:38):
We talked about King Charles, a great gentleman, he said.
We talked about Prime Minister Starmer, who he said had
made a tragic mistake. We talked about the special relationship
with who he said.

Speaker 3 (03:51):
Then from California, the small wall scandal become resignation of
starting to hurt the Dems, just.

Speaker 8 (03:55):
Deeply disturbing allegations horrific. Ultimately, the great outcome here with
with multiple members of Congress and leaving yesterday both just
felt in a sense.

Speaker 3 (04:08):
Of discuss this bloke who's also running for the governor's
job out in California was in like a robber's dog.

Speaker 9 (04:15):
The idea that those California congressmen had not heard those
stories about Swirlwell's simply not believable. They are lying, and
they're trying to run away from the stench of rot
and moral decay.

Speaker 3 (04:29):
Yep, Lincoln U miss at News of the World in
ninety So the delegation from Pakistan, they're acting as mediators.
They've arrived in Iran. So I think in the next
couple of days, possibly a week, we're going to we're
going to see a couple of things. One, the ceasefire
is going to be extended. In two, you're going to
see around two of the talks that seems increasingly likely
the war is quote unquote very close to over. This
is Trump this morning. He's also tweeted out or socialed

(04:50):
out that the strait is open. It is permanently open.
He's been on the phone to she G and him
Katter deal. The strait is permanently open, and the markets,
he says, are going to boom. Well, let's see twelve
pass six.

Speaker 2 (05:06):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks Evy.

Speaker 3 (05:14):
Right, So vlccs very large crude carriers. Nine of them
got out yesterday. They carry two million barrels per so
two times nine. Do the numbers on that? And and
yet another one of these weird ironies. She not only
talked with Trump yesterday, she'd apparently would talk with Putin,
and Putin said, tell you what, if you're having trouble
getting the oil out of the Gulf, have I got
good news for you? So China and Russia seem to

(05:37):
be doing a deal on the oil. Fifteen passed your
good morning, Good morning, Mike, and amidst all of this
turning season Stateside and a good time to be a
bank apart from.

Speaker 10 (05:49):
Anything, Yeah, look, look, just from an investment perspective, Mike,
we sort of maybe hopefully are trying to focus on
what the investment landscape looks like when we we get
out the other side of the current Middle East conflict.
So in that vein, I was very interested in the
IMF report released yesterday. They're sort of read on expected

(06:09):
global growth, but it also brings this current US earning
season into sharper focus. So this week is the start
of the first quarter US earnings report, so the calendar
year they're reporting on, you know, January, February, March. But arguably, Mike,
there could be more focus on the company outlooks than
the actual earnings. And just as I suppose a little
bit of investment one oh one, company earnings are a

(06:31):
critical support of share market valuations, and valuations drive share
markets directionally. If earnings are up, it's a good sign
for growth in share market. So the first week of
the US earning season is always about the financial sector,
so the big banks report, and again taking another little
step back and looking at context.

Speaker 11 (06:50):
You know, I love context, Mike.

Speaker 10 (06:52):
The current andlyst consensus is for the S and P
five hundred companies to grow their earnings compared to last
year at a round thirteen percent.

Speaker 11 (07:01):
That is a very healthy expectation.

Speaker 10 (07:04):
It would be the sixth consecutive quarter of double digit
earnings growth. And this is probably one reason why although
share markets went backwards through the course of this Middle
Is conflict, they didn't really crater, so they've held it
reasonably well. Now we have had some of the biggies
so far, and you'll get the flavor of this pretty quickly.
Mike Golden sacks strong quarter one earnings, nineteen percent increase

(07:27):
in profits.

Speaker 11 (07:28):
The investment bank is doing very well.

Speaker 10 (07:30):
Record quarter City Group strong beat on both earnings and revenue,
revenue up fourteen percent. Share prices search JP Morgan chased
another strong result, so the sort of bell Weather stock
for the US banking financial sector doing well.

Speaker 11 (07:44):
So the financial sector in the US.

Speaker 10 (07:47):
If I'm just looking at those earnings looking pretty robust
in the moment, in the face of the geopolitical unresting.

Speaker 3 (07:53):
You can't argue with the number speaking. What about the
mag seven and the NASDAK Well.

Speaker 10 (07:57):
Tech, yeah, this is sort of a well, it's not
just tech, but this is a bit of a I
wanted to highlight a bit of a reality check because
we've been heavily focused on the price of oil, on
in the interest rate, of impact on the inflationary implact,
all very relevant and important concerns, but quite quietly in
the background.

Speaker 11 (08:15):
Share markets have rebounded, in many cases quite strongly.

Speaker 10 (08:18):
And I'm looking at the NASDAK. The US Tech Heavy
index in particular bottomed down on the thirtieth of March.
Since then we have seen an artemis like takeoff, an
eye catching rally. That index has posted its longest daily
streak of gains since late twenty twenty one. Since the
thirtieth of March. It's up basically fifteen percent fifteen percent
two weeks. So the reason all time high where was

(08:40):
the all time hime twenty four thousand? You want a
round number, Well, it's at twenty three thousand eight, It's
at twenty three thy nine hundred and seventeen. So it's
knocking on the door of reason all time highs. It's
not alone in that statistic. If I look at the
benchmarks and P five hundred, the big one, what's the
number to look at that's seven thousand, whereas it seven thousand.

(09:02):
You know, they're also knocking on the door of Reasonal
dominos and the Max seven. Remember remember all we talked
about was Max seven before we talked about dated Brenton vlccs.
That's all we could talk about fur back and focus
the Max seven and that's also up eighteen percent from
the low on the thirtieth March in vidio.

Speaker 11 (09:19):
Remember in video twenty percent in not much more than
two weeks.

Speaker 10 (09:22):
So I know that a lot of this is now
out there that have have been looking at their key
we saver balances and probably noticed a bit of retracement
in the portfolio. And if you do check it all
the time, remember it's a long term investment, sometimes it's
not helpful to check it all the time. But to
a reasonable degree that replacement should have been recouped.

Speaker 11 (09:42):
So so US earnings are expected to be strong at
this stage.

Speaker 12 (09:45):
They look like they are.

Speaker 11 (09:46):
The US economy, while it may be calling it's holding up,
will at last.

Speaker 10 (09:50):
That's the unknown. It all seems a little bit frothy.
And just one last little comment overnight, Mike, have you
seen the news.

Speaker 12 (09:57):
On All Birds?

Speaker 3 (09:58):
Yeah, I mean, what the hell is that about?

Speaker 10 (10:01):
Well, that's always not not a great sign All Birds
for people out there that might not have read this.
All Birds have decided they're not going to make sort
of you know, they're not going to make sort of
fluffy shoes anymore.

Speaker 11 (10:09):
They're going to become an AI company.

Speaker 13 (10:11):
Why not just like that?

Speaker 3 (10:13):
Why yeah, let's become an AI coming well, and I
noticed the sheer popped, what was it up four hundred percent,
So maybe it's working for them anyway. One of the
other numbers.

Speaker 10 (10:21):
Come on my six hundred percent, I think anyway, nuts anyways,
So numbers right, So we've we've presaged some of this.
But the Dow Jones is at forty eight thousand, four
hundred and twenty one. It's down actually because caterpillars down
a little bit, but we'll down about quarter percent.

Speaker 11 (10:37):
The S and P five hundred, seven thousand and three.
That might be an all time high. I'm not sure
whether it closed.

Speaker 10 (10:42):
They're up thirty six points half a percent game the
Nasdaq twenty twenty three thousand, nine hundred and twelve up
two hundred and seventy two points one point one five percent.
The forty one hundred lost point four cent about half
a percent. Closed at ten thousand, five hundred and fifty nine.
The Nick up point four four percent over nine fifty
eight thousand, one hundred and thirty four. The shangh Hoo

(11:03):
cons but the Shanghai composite didn't move much foury twenty seven.
The A six two hundred is up eight points eight
nine seven eight and the insects fifty gain zero point
four to six percent.

Speaker 11 (11:13):
You stay thirteen thousand and.

Speaker 10 (11:14):
Seventy six Kiwi dollar point five nine oh seven against
the US point eight to four four against the ossie
point five zero zero nine euro point four to three
five three is the mark against the quid ninety three
point nine nine Japanese end gold four thousand, seven hundred
and ninety two dollars. Brent Crude hasn't quite got the

(11:35):
message yet that you know oil is flowing ninety five
dollars and fifty four cents.

Speaker 3 (11:39):
Got only make catch up tomorrow. Andrew Kella, her Sure
and partners celebrate the NV. The Apple first bread eighty five,
a billion dollars worth of global sales is the story.
A singular breed of Apple, a billion dollars worth of sales,
thirteen countries that's grown in these days, sold in over
fifty five markets. Here's the really good story. Between last
year and twenty thirty five, they reckon the premium segment.

(12:00):
This is the whole New Zealand ink story. It's not
just about volume. It's about quality premium segment of apples
is expected to grow seven point six percent annually, compared
with four point four percent for mainstream apples. So the
Envyes are rockstars. Six twenty one Your News Talkshit Your Money,
Money and Money.

Speaker 2 (12:18):
Take the Vike Asking Breakfast Full Show podcast on iHeartRadio
powered by News Talks.

Speaker 3 (12:25):
A B Yeah Winter the Scottisson gave a press conference
a couple of hours ago, and they will want to
know when the price of gas was coming down.

Speaker 14 (12:34):
I'm optimistic that sometime between June twentieth and September twentieth
that we can have three dollars gas again. And as
I said this morning too, we are going to be
watching the gas stations because they raise prices very quickly.
When they stated when the crude oil prices went up,
we hope they'll bring them down just as quickly as

(12:57):
crude oil prices have come down.

Speaker 1 (12:59):
Trending now came as well. Book in your flu vaccination today.

Speaker 3 (13:04):
At ninety one bucks. It's not talking about three dollars
as a anyway. So Megan Megan time thirty nine hundred
dollars for the FAB weekend in Australia. Still get tickets
Unfortunately itinery has been leaked, although it might have been
leaked the liberately, given they haven't sold it. Doubt they're
only looking for three hundred people. For God's sake. It's
her best life. Three day bonanza. We're at the Intercontinental
Cujie Beach New Hotel. Tickets start actually at thirty two

(13:26):
hundred and seventy no phones, no recording, standard experience. You
get a room, but you have to share the room
with somebody else, so presumably they have to pay money
as well, so you have to take two people along,
but want to pay the money anyway. You get dinner
in a disco, honey, and what do you want? Lunch
and breakfast in person, conversation with Megan, powerful I mean

(13:48):
powerful women's session with a therapist. You'd need the therapist
having listened to Megan, presumably mediation, manifestation session, yoga session,
beautiful sound, healing experience, and that it's not Megan sound,
it's just a different sound experience. Relaxed time by the pool,
that's like just park your ass by the pool. It's
not really a thing. You can do that anyway, And

(14:09):
inspiring conversations and unforgettable connections for an extra six hundred dollars.
All of that plus a goodie bag and a group
table photo with Megan, not just you and Megs, it's
the whole group. So if you don't pay the extra
six hundred, there's no photos. There's just some pool time,
a bit of a sound room experience and manifestation and

(14:30):
you've listened to Megan drone on for half an hour.
So there it is, and she's on Master Chef so
you can see her anyway. That's gone down really badly,
by the way, in Australia they said they introduced Megan
on Master Chef and it had that kind of we're
really embarrassed to have her here, and she had that
kind of I can't believe I had to do this
to make money. Vibe about it right still to come

(14:50):
on the program, Money plenty of it about if you've
got a good idea. This angel investing thing seems to
be a thing. What I want to know is do
you go in because you got good vibes or do
you go in because you think it's real and you're
going to get a return. So the numbers don't lie.
There's real money in this. So we'll talk about that
after the news, which is next your News Talks zed B.

Speaker 2 (15:11):
You're trusted home for news, sport, entertainment, opinion, and Mike
the Mic asking breakfast with a Veda, Retirement, Communities, Life
Your Way, News Togs ed B.

Speaker 3 (15:23):
You're going literally got a downgrade to the economy coming.
That's where you get to the Pope and Tramp and
Maloney and J. D. Barnes and then the suspension of
the defense agreement with Israel. So it's all on. So
Joe's with a shortly meantime of twenty three minutes away
from seven back here. Startup scene looks healthy. Last year,
what they call deal volume was up fourteen percent. Total
investment was up sixty one percent, so you're talking about

(15:44):
seven hundred and fifty four million dollars. We had one
hundred and sixty six deals done. Bridget Unsworth is Angel
Association chief executive.

Speaker 13 (15:51):
Is with us.

Speaker 3 (15:51):
Bridget morning to you, Good morning mate. More deals and
bigger deals, a mix of both.

Speaker 15 (15:56):
What's going on, yeah, look, and what it means is
that we have had some companies that have proved really
successful global expansion. So we've got more money going into
less deals, which is super exciting. It means that our
ecosystem is maturing. You know the example of Holta, which

(16:17):
was announced last month, three hundred and seventy seven million
New Zealand dollars going in, you know, led by a
US investment firm Founders Fund, backed by DCVC, Bessemer, etc.
But the more important story with that is that was
backed early stages with ice House Centures in their LPs
who continue to invest in that company. So really it's

(16:39):
showing a strong economic growth after what was you know,
heady days of twenty twenty one, where we had incredible
investment dollars invested. Two to twenty twenty four, we took
stock dollars, retracted, new deals weren't getting funded as easily.
So this is really really positive overall.

Speaker 3 (16:58):
Two part question, do you site Halter because Holter are
it and they're they're the rock star? And two is
it all tech? And AI.

Speaker 15 (17:07):
I cite Halter because it's an example that's publicly available
that kind of backs up the data from what we
saw in twenty twenty five. So there are Holter like
deals in that investment data from twenty twenty five where
you've got some significant realms done by a few companies no,
it's not all tech and AI. I think New Zealand

(17:28):
is really well known globally on an egg tech stage.
That is probably why Holter has got that really strong,
you know, traction with offshore investors. But I think also
we are really dubbling down in the areas that we
have made a name for ourselves. You know, who would
have thought we had a space sector a few years ago.

(17:51):
Now everybody overseas is all talking about Rocket Labs, talking
about Zero's, talking about the Holter. So I think we're
well known for really executing phenomenal companies.

Speaker 3 (18:00):
What's the risk profile. Am I in because I vibe
it and I'm patriotic and I've got a few dollars
or Am I in it because I need a return
and I expect one.

Speaker 15 (18:09):
I hope it's not the latter, because even though we're
obviously not philanthropic investors and so we hope for a return.
You know, it is a really risky stage, and so
you know the nineteen percent of deals that went into
proof of concept, you know a significant number of those
are going to fail. That is part of the ecosystem
that startups involved are evolved in. So it is part

(18:32):
investing to support the great companies at the time based
on the information that you know at the time you're
making that investment, and you hope that those companies grow,
pivot evolved to the market forces and the way the
market is changing. But not everybody will survive. And so
it's about being rational with your capital and the hope
that at some point down the track, you know it's

(18:54):
a long game. It's ten, twelve, fifteen years that you
will have a Halter or a rocket Lab in your
portfolio netwill return all your investment dollars.

Speaker 3 (19:02):
Numbers don't like great insight, Well, Bridget Dudsworth, who is
the Angel Association boss sixty one percent, seven hundred and
fifty four million, and as Andrew referenced, if you haven't
caught up on the All Birds story, it's the wackiest
story going. So they've gone from making route shoes that
Jack Tame wears to being a AI company as you
do when you wake up New Bird AI. They're going

(19:26):
to look to raise fifty million, seek to acquire high
performance load latency AI compute hardware, provide access under long
term lease arrangements, meeting customer demand that spot markets and
hyperscalars unable to reliably service and if you do that,
you also get a pair of shares. Nineteen to two.

Speaker 2 (19:43):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks AP.

Speaker 3 (19:50):
New Zealand's medium to large enterprises. Government agencies are facing
pretty clear challenges at the moment, of course, and you'll
understand those basically, doing more with less tech is one
of the best ways to make that happen. Of or
was enabling better productivity and resilience. So Spark for Business
is helping organizations do exactly that through their expertise in cloud.
They do the coot, the automation, the mobile solutions, the
contact call center, are data centers, managed services, network security.

(20:13):
They got it all supported by connectivity. And the thing
that sets Spark apart is their team of top New
Zealand based experts who understand the unique challenges that we're
facing at the moment. Their problem solvers. They know what
it takes to deliver those results through the tech. So
if you are looking to boost your organization's capabilities, have
a look, have a think about, have a chat with
what the team at Spark for Business has got to

(20:34):
offer for your business. Itself, So the track record speaks
for itself. They are leaders in many spaces. They know
how to get that job done. If that's a bit
of you, look for spark for business online asking let
me just work you through what Trump said officially the
Straits open, secret tourts with Jijiping truth Social g would
give them a big fat hug at the upcoming meeting.

(20:55):
China's very happy that I'm permanently opening the Strait up
for moves, doing it for them also and the world.
The situation will never happen again. They've agreed not to
send weapons to Iran presidency. Will give me a big
fat hug when I get there in a few weeks.
We're working together smartly and very well. Doesn't that beat fighting?
But remember we're very good at fighting if we have to,
far better than anyone else.

Speaker 16 (21:18):
Now.

Speaker 3 (21:18):
The only point of contention at the moment is whether
when he sees the Straits open, that means right now
or that's his intent. So would know six forty.

Speaker 17 (21:27):
Five International correspondence with ends and eye insurance, Peace of
mind for New Zealand business in Italy.

Speaker 3 (21:34):
Joe, good morning, good money, mate. So the whole christ
like thing, truth social YadA, YadA, YadA are globally significant
in the past few days. How's it played in Italy.

Speaker 18 (21:44):
I think it's been huge in Italy as it has
been everywhere else. I think people are outraged by what
they've seen, particularly when you look at the party breakdown.
The supporters of Georgia Maloney, the more conservative right wing voters,
are very upset.

Speaker 3 (21:58):
By this, and so he's not one And then we
get to the business of vance and how she's Interestingly,
she's distanced herself, hasn't she. I mean, she was once
that conduit between Europe and Washington and something she had
that spell or that magic that Trump yet allured Trump,
and now it's all up and smoke.

Speaker 18 (22:20):
Yes, indeed, I think it's fair to say that the
honeymoon's over. But this could actually be a gift for
Georgia Maloney when you think about that referendum loss and
her voters didn't like her relationship with President Trump. They're
very angry. A large majority of people in Italy across
the party spectrum angry about President Trump's action in Iran.

(22:40):
So this could actually turn into her favor as Let's
just see what evolves in the next few months.

Speaker 3 (22:46):
But let's not wipe her off just yet. And what
do we make of Leo, Because I mean, it's not
the first time a pope has ever been outspoken. But
what he said and how he said it on the
plane the other day was quite something, wasn't it.

Speaker 18 (22:58):
I was astonished. I think we've seen this building for
quite a while, haven't we. Mike, you know this sort
of simmering tension. But I just thought it broke open
so openly this week with such an explosion, and his
reaction on the plane was quite incredible. I thought he
would avoid it, but he confronted it head on, and

(23:18):
he said he had no fear of Trump and would
continue to preach the gospel. And when you talk to
the experts, they say, look, remember he comes from Chicago.
It's a tough city, you know. It's a city where
you have to stand up for yourself. He spent twenty
years in Peru at a time when that country was
very divided, so he knows what it's like to stand

(23:39):
up for himself.

Speaker 3 (23:39):
And we're going to see more of this, I'm sure
it's interesting. Explain this business with Israel, the defense agreement.
Are you guys seeing Lebanon as separate or all part
of it, and you're just against Israel per se.

Speaker 18 (23:53):
Yeah, it seems to me that in all the comments
I've seen that the Prime Minister Georgia Maloney has been
particularly critical of Israel's action in Lebanon, and I think
this is something that she seized upon, again reflecting what
her voters think. But it's interesting that they've taken such
drastic action to end this defense agreement with Israel. It's

(24:16):
been in place and renewed every five years since two
thousand and five. But Italy certainly wants to send a message.
And I think they've been upset too because the peacekeepers
came under attack in Beirut, so another reason to be
upset with Israel.

Speaker 3 (24:30):
And has Israel said anything about this.

Speaker 18 (24:33):
I haven't seen any reaction, but certainly it's been a
big issue in Italy.

Speaker 3 (24:37):
Okay, So the downgrade that's coming for the economy, I mean,
how much growth did you have anyway?

Speaker 18 (24:43):
Yeah, I think it was shaky at the best of times,
but now they've got to get their budget in order
to satisfy EU guidelines, keep that budget deficit below the
three percent threshold that's going to be tough because they've
got defense spending on the go and a lot more
expensive with energy prices.

Speaker 3 (25:01):
Is their political fallout on this, because here's what's happening here.
I mean, everyone's being hit by the wall right economically,
but no one blames the government here. It's not the
government's fault that Trump decided to blow up a run.
So does Maloney get away with that or did she
have economic problems beforehand? And that goes back to her.

Speaker 18 (25:17):
I don't know that voters have yet made the connection,
but the latest polling certainly shows the main concern for
Italians right now is energy prices and protecting businesses and
families from rising prices. So that's going to be the
big challenge for her over the next year.

Speaker 3 (25:33):
All right, jam go well catch up ex serens. They
appreciate it very much. There is Raeli Foreign minister by
the way. So is it will not affect them? What
does that mean? Does that moan? It will not affect
them specifically, or it will not affect the relationship their security,
won't affect their security, so they're not talking about the relationship.
Mike Riefonterra rightly. The payout the farmers have got lots
to be a time and many private investors got very
wealthy and a dibdend yesterday, and it's all in the bankers.

(25:54):
It'd be great have halted list. We had halter on
when we had a week ago, two weeks ago, whenever
it was big picture May but for now, no is
the answer on that particular question. Ten to seven, the MIC.

Speaker 2 (26:05):
Asking breakfast with al Vida Retirement Communities News Togstad bs.

Speaker 3 (26:10):
Is why Trump's underpression. New Survey Farm Bureau Federation this
morning the farming regions of America Southern farmers only nineteen
percent have pre ordered fertilizer. Seventy eight percent that account
afford to full crop. So then they're all voting come
later this year in the midterms. The Australian newspaper MIC
is reporting major fire at one of Australia's oil refineries.

(26:30):
Australia not doing well with the oil response. One can't
help but think they're having their just in the years
under elbow. It's a very good point, you, Mike. And
more to say on that after seven o'clock comes out
of the IMF report. Who singled out Australia yesterday, and
that's worth reiterating because you didn't get any coverage of that.
Here in this country are mining ironically, here is an
irony of irony from Cape mcnamurray yesterday, Ocean Gold, Oceania Gold.

(26:52):
What do they do? They dig holes in the ground. Oh,
we hate mining, can't stand mining in this country anyway.
They are to pay a record some to the news
Zieland government in corporate income tax and royalty payments one
hundred and fifty million dollars, thank you very much, along
with twenty three million in mineral royalties McCrae's in Otago.
Why he of course in coramandel does not include local

(27:15):
government rates and neither do they include the levies. Record
profits in twenty twenty five Why because gold busted through
five thousand, So significant new gold developments are coming as
a result of that. We've got the Endura Mining Snowy
River gold mine near Reefdon. We've got the Santana Minerals
Bendigo oph mine planned in central Otago. So business leads

(27:35):
to business and profits leads to more business. So what
are you sitting here now? So we've learned to listen
at a boil and our reliance on it rightly or wrongly,
and we're learning a lesson out of things like gold
and our reliance on it, rightly or wrongly. Do you
want to turn the one hundred and fifty million down? No, thanks,
We'd rather have some pristine I don't know what would
it be a paddock that no one goes to, or
would you rather have a mine five minutes away from seven?

Speaker 2 (27:58):
All the in the out it's the fizz with business
favor take your business productivity to the next level.

Speaker 3 (28:05):
Speaking of which, Ristad Energy provides an insight into how
good life is right now if you are in the
oil business. The top one hundred oil and gas companies
globally making more than fifty million dollars every hour in
unearned profit. This is in the first month of the war,
so the price of oil and an average of one
hundred barrel for March the estimated war profits going to

(28:27):
be let's call it, thirty nine billion dollars, so it'll
take months to get back to pre war levels. There
may well be, and this is worth thinking about as well,
there may well be a danger component in the price
of oil through the Strait for ever as a result
of this, Depending on how the deal goes. Will it
ever get banned back down to sixty something dollars? Maybe?
Maybe not anyway, So the oil price continues as an

(28:49):
average of one hundred companies are going to make almost
four hundred billion dollars more by the end of the year.
Who's Burgne this, Sadi Aramco major winners. They're estimator to
make an extra profit of forty three billion. Three Russian companies.
Irony of ironies. And you wonder how he's funding the war.
Here you go, Gazprom, ross Nift and Looke Oil will

(29:09):
make it combined extra forty point five billion dollars. This
is just in profit. So Russia's received oil export revenue
of one point four billion dollars every day for the
month of March. That's how you fund the war. Excellent
mobile will take in an extra nineteen billion dollars. That's
at the oil stays are one hundred slightly below that
this morning, and it'll go down fairly significantly if the

(29:31):
talks go well and the war is permanently off. So
the pharmacists do stuff. I mean, it's I don't know
how much of this changes. I mean, did you ever
go to the doctor for scabies? You ever had scabies,
you ever had head lice? You go to the doctor
for headlights? You just go down to the local chemist.
Is this the stuff they've been doing forever anyway? And
who actually pays the bill? When some people were standing
there yesterday saying when you got your kids got headlights,

(29:53):
instead of buying one hundred dollars shampoo, you'll get it
for five Who pays for that? Where's that money coming from?
So change coming to a pharmacy you And speaking of oil,
yesterday's numbers got a bit angsty about how much we've
got left in the country. Anyway, We'll get the Associate
Minister of Energy back. Jane Joneses with US Apter seven thirty.

Speaker 2 (30:11):
The newsmakers and the personalities, the big names talk to
Mike the mic Hosking Breakfast with Ranger of a Sport
SV the Ultimate Performance SUV News talks head by.

Speaker 3 (30:23):
Seven past seven from the old Common Sense File and
an expanded role for your community pharmacists. They'll be able
to assess patients, provide consultation, supply funded treatment. David Seymore's
Associate Minister of Health of course news with US Morning,
Good Morning. What they can do? Is this a starting
point or is this it?

Speaker 16 (30:38):
Well, as far as the government's concerned today, farmak are
going to change the way that they fund things. At
the moment, they'll fund a lot of these medications if
a doctor prescribes it, but not if a pharmacists does
so bureaucratic, I know, but now we know about that.
We're changing it to free things up because a pharmacy
should be the healthcare professional nearest to you. We've got

(31:00):
this massive network of knowledgeable people in community pharmacies that
are really struggling. You know, for as long as I've
been a local MP, I visited the local pharmacies. They
are really battling. Some have closed down. It's very sad.
So let's find a way to use them better. Meanwhile,
we take pressure off emergency departments and GPS, and we
can also get people much easier care if your kid's

(31:22):
got one of these conditions of fever or scapes or
dehydration or whatever. We're making it part of the pharmaceutical
schedule where you pay your five dollar fee or if
you've got a community services card, you pay nothing in
order to get much faster treatment for these things.

Speaker 3 (31:37):
So this is more about they are doing this anyway,
it just becomes cheaper.

Speaker 16 (31:43):
Well, they can do most of this stuff, but it's
not funded under the pharmac's schedule, and as a result,
people have an incentive to go to their GP or
even show up at an ED because they're going to
pay more for the prescription out of pharmacist. At the moment,
we're leveling that playing field, but in the long term,
I would like to see pharmacies doing a lot more stuff.

(32:06):
Like give you an example. While back, people from the
Skin Cancer Society came to Parliament checked out a whole
lot of MPs. A couple of them actually caught that
they had potential skin cancers, and I thought, well, why
can't you go to a pharmacy, pay a small fee
and get this done instead of paying a lot more
to go to a GP or hospital.

Speaker 3 (32:24):
That's the kind of thing when you say that the
skin cancers are I mean, the headlines is one thing,
skin cancer is another thing. I mean you're dealing with
a real level of expertise a pharmacists may not have.

Speaker 16 (32:36):
Well, let's find out where those barriers are. Though by
coming that, the wider point here is that at the
moment we're really short on skilled people and if there
are activities that can be done by somebody who's not
currently doing it and it's perfectly safe. And in the
case of these checks for your skin, I actually talked
to the experts who were on site that day and

(32:56):
they said, yeah, look, this could be done more widely,
but there's been some bureau crissi that stops it. That's
what we're going to do is be guided by true
clinical guidance rather than bureaucracy, because we just don't have
the resources and the people to leave opportunities on the
table through red tape.

Speaker 3 (33:14):
All right, awe to talk to you. David Seymore, Associate
Minister of Health with us this morning ten and it's
past seven. It's great topic, de jiu. This week really
are dueling forecast from the Bank of course now moving
and mortgage money aims in lifting to you're fixed by
twenty points, the rest by ten term deposits. They're also up,
which I suppose is the good side. Have you got
any money? Cameron Bagri Independent Economists back with this morning morning.

(33:34):
What is this as part of a broader movement up
from everybody?

Speaker 13 (33:39):
Yea, it is.

Speaker 19 (33:40):
Look, if you see what's called the forward curve or
expectations of where the official cash rate is going to
be of the next one to three years. Markets have
obviously repriced those expectations. There's a growing view that the
reserve bankers can be going to be hiking not just once,
potentially twice, maybe three times in twenty twenty six to
those fixed rates. It's reading expectation of what the Reserve

(34:02):
bank is going to be doing tomorrow as opposed to
what the Reserve bank is doing today, and those expectations
have reted it up. Those expectations retchet up. You see
those fixed mortgages start to move in line.

Speaker 3 (34:13):
So two year fixed by twenty points, is that a peak?
Or is there more where that came from? And if
there is, how much more?

Speaker 19 (34:19):
But I guess that's a meeting dollar question in regard
to if anybody can give me a precise duration or
your timeline, and regard to when the situation of your
moves is going to settle down while the potential flowing
is beyond oil transport costs into other areas of inflation,
we can give you a bit of a precise prescription
in regard to whether the official cashtrate is likely to peak.

(34:41):
What we know at the moment is the official cashtrates
two point twenty five, which is what's called south of neutral,
which is where the Reserve Bank's neither got the foot
of an accelerator or the break that I'm trying to
push the economy along. Now, if you get this sort
of your supply shock, you'd probably want to have that
official cash straight around neutral, which is around three percent.

Speaker 3 (35:00):
Yeah, so A and Z bang bang banging, we're done,
asb slightly longer. Quey Bank says, it's all reckless. What
do you say?

Speaker 19 (35:08):
I favor I guess the strategy of what's called a
stitch in time saves nine. If I to the Reserve Bank,
I'd be going a little bit earlier as supposed to go,
and later the riskers. If they go later, you've got
to go an awful lot more. My first inal view
is it we're going to start to see secrets from
high fuel prices, high transport costs into more generalized inflation.
And that's the sort of a story that the Reserve

(35:30):
Bank needs to stomp over, and need to stomple over.
You see in the message pretty early in a criple
once again, a stretch in time. I think we'll save nine, all.

Speaker 3 (35:37):
Right, appreciate it, Cameron Bagery. I don't think you can
argue with that, can you? Stitch? And time saves nine?
Twelve minutes past seven? This business of the inland revenue yesterday?
Who are drumming up yet more tax? I mean, is
there anybody in Wellington that would like to tax just
let me just pause and thing, is there anyone in
Wellington who would like to tax us less instead of
automatically assuming that we need to tax everybody more? And

(35:57):
that's before I get to a New Zealand, which is
interesting and ForSight bar have done the business around here
in New Zealand when they're ever gonna make a profit again.
But let me come quickly to live. As in golf,
there's a big meeting, emergency meeting, high drama meeting in
New York, next event in Mexico. Noan's there because they're
all in New York at this emergency meeting. The senses
that it's over. I is this similar to a run?

(36:19):
And I know this is weird, but is this similar
to a run? Saudi Arabia goes, let's do something here, PGA,
and PGA goes get stuffed. So Saudi Arabia goes, guess
what we got. We got a lot of money. We're
gonna set up our own thing, and we're gonna bleed
you dry. We're gonna we're gonna battle you until you
either acquiesce or you come on board with us. And

(36:39):
four years later, Saudi Arabia loses. They thought it was
regime change, but they didn't change the regime. The PGA
lives to play another day, thirteen past.

Speaker 2 (36:49):
The like asking Breakfast Fall Show podcast on iHeartRadio, how
it by News talks that.

Speaker 3 (36:55):
Be let me come back to the angst if you
didn't and you probably didn't watch it. The Prime Minister
had a Q and A yesterday with the gallery about
the fuel, gave the latest fuel updates and there's a
bit of ankst around. So there was a ship that
was kind of delayed and they started to make a
big deal of it. It turns out not to be
a deal, and I thought, I'll double check this to
make sure it's not a deal. Turns out it's not
a deal. But the media, who I suspect, don't know

(37:16):
what they're talking about, and I think that was part
of the problem yesterday. But I'll come back to that
in a second. The other problem floating around this morning
is Moana Pacifica, so that Super Rugby dreams over. They're
going to disband at the end of the season. Ten
million dollar hole shortfall. That's the problem. Debbie Sorenson is
the Mowana pacific A CEO. And as with us, Debbie
Morning Morning, make how tough? Was yesterday?

Speaker 20 (37:36):
Pretty tough?

Speaker 21 (37:37):
We've had a very tough thirty six hours.

Speaker 3 (37:41):
They knew it was coming, though, didn't they the people
you had to tell, Yes, I think so.

Speaker 20 (37:47):
But even knowing that it's coming, I think it's three
shocking when you know it's announced formally and you realize
that this is actually going to be a real thing,
and you know, you'd appreciate that. We've got a group
of young men with young families who, you know, some
of whom will be worrying, you know, a lot about

(38:07):
their future and their next steps and what.

Speaker 15 (38:10):
Do they do now.

Speaker 20 (38:11):
And so we're very we're very, very lucky in that
we have a fantastic well being program that supports the players,
and we also have a mental health service as part
of our medical association, who are able to wrap their
arms around the team and provide them with support.

Speaker 3 (38:28):
Do you still defend the equation, but the equation of
the side, the plan of the side as opposed it
was a sort of specific equation as opposed to necessarily
a rugby equation, if you.

Speaker 20 (38:39):
Know what I mean, Yes, I do, and I think
that you know, clearie Milana pacific as a movement, and
what we've demonstrated is that it brings forward talent that
you wouldn't otherwise. See Miracle Pai Lungy is the absolute
example of that, you know, playing from a village and
coming through to be you know, a fantastic leader, playing

(39:00):
incredible rugby and just to be a very special person.
And he wouldn't have had that opportunity without Malana Pacifica.
So you know, I think there's a real place for
a Mawana type team in the Super Rugby competition, and
not less because we make the competition really interesting. You know,

(39:20):
we bring heart and passion and color medist to say. So,
you know, I think we've demonstrated the model over the
last five years. The fundamental issue is the funding model
for Super Rugby.

Speaker 3 (39:33):
Ah So I was going to ask about that, is
is it a rugby issue? Is rugby not firing as
a sport as much as some other sports are.

Speaker 20 (39:41):
I think the sporting landscape is tough for every sport.
You know, everyone is under financial pressure, and I think
it's you know, it's a kind of compounding problem where
you know, we're in a very tough economic environment. People
don't have the come, you know, to actually buy memberships

(40:03):
to travel to games now because of the petrol problem.
And you know, largely it's a broadcasting issue. And if
I give the example just in terms of broadcasting over
the Easter weekend, if you watched in our roll there
were eight games Ben Tay, there were three for you
guys indeed, And so I think, you know, the competition

(40:24):
from a very aggressive NRL machine, which is very big
and very sophisticated, is a real thread.

Speaker 3 (40:31):
Good on You're debbe nice to talk to you.

Speaker 12 (40:33):
I wish you the best.

Speaker 3 (40:33):
W Sorenson, who's the Minor Pacific a CEO. We discussed
that at the time on the program Rugby Defender that
we talked to the head of Super Rugby got up
early for us in Queensland. He defended the whole thing.
But you know, how many sports do you want to
look at that are booming from the standpoint of being
a sport that isn't necessarily booming. Before you go, I
wonder if there's something more we could be doing.

Speaker 2 (40:56):
The Mike Asking Breakfast Full Show podcast on hard Radio,
call it by News Talks FB.

Speaker 3 (41:05):
Now the Key We Dream many were degree owning the
old home big part of the Key We Dream. So
this is where SBS Bank comes in live in helping
key weis achieve that particular dream for one hundred and
fifty seven years. Count the one hundred and fifty seven
of them. So they're so good at it, they've won awards.
Their purpose very simple, helping kiwis find a place to
call home. So what makes them so good it's their product.
It's called the SBS First Home Combo. Superinclusions you're ready

(41:28):
for it. Heavily discounted interest rate, three thousand dollars, cash back,
contribution towards SBS home Insurance, money back into an SBS
wealth Kiwi saber a lot of savings for first home buyers.
So if you're looking to buy, or you've got a
first home buyer in your life, whether it's your kids
or grandees, the SBS Bank should be the first port
of call. Of course first Home lending and eligibility criteria
apply for all you need to know about the bank terms, conditions, fees,

(41:50):
charges centricated the website SBS and if you're ready to
follow those awards to a great home loan and some
very good people talk to SBS Bank or your mortgage
broker about the SBS Bank First Home combo asking I
shouldn't really clear my throat on here, but I did.

(42:12):
Seven twenty four. Now, like a school report, the IMF
forecast for the global economy arrived in yesterday's post. Of course,
no one escaped the Trump carnage, the UK particularly and trouble.
We'll talked a lot about that later, as is potentially Australia. Now,
Australia was warned specifically not to exacerbate wartime inflation. It
was a slap down. It was a mark against the government.

(42:33):
It was a big reveal into the way that Elbow
and his cronies are running the place at the moment.
The reference was to a debate that's been going on
since the last election in Australia. Is government spending driving inflation?
The answer, of course is yes, but the government denied.
So the IMF laid the truth bare. They were warning
against a spendathon in the coming budget, which is not
far away. Australia's inflation, as you already know, is already

(42:53):
way worse than ours, and for very obvious reason, they
keep handing up money they don't have. We should be
proud of our wartime. As I've said before, as hard
as it may be for some to stomach, handouts are easy,
and Australia' yet again fallen into the trap. It will
hurt them more in the long run, but they don't
seem to care.

Speaker 12 (43:09):
It.

Speaker 3 (43:09):
Dovetails, I think into the labor approach here, which is
to basically say nothing policy wise, but also dere I
suggest they finally worked out that the traditional opposition line
of promising free money is no longer tolerated here because
of the carnage that labour caused and COVID, the results
of which are still too real, too raw for them
to run the old playbook. So this snooker. Basically, with

(43:30):
a government that is fiscally mature and restrained, they can't
be seen to be loose and flagrant. But no such
like an Australia tax is cut on petrol, so every
millionaire Ferrari driver gets a subsidy. Big companies are forced
to pay the extra on previously signed contracts, so small
companies don't have to. There seems no amount of gerrymandering, Albanez,
you won't get amongst and the IMF has seen at all.

(43:51):
If you want to see a cost of living crisis
in real time that puts ours into some relief, look
at Australia. Like COVID, all the financials, all the war,
the government you get in dark days is pure luck.
See in twenty nineteen hours run out. This time round
it's Australia's turn to see what economic damage amateurs from
the left can do. I know where I would rather be.

(44:14):
Like Bagger is correct about keeping inflation down by stopping
a spending as part of our income increases will be
absorbed by interest rate hikes. Issue becomes the cost. Inflation's
all external that means to accommodate these costs, internal spending
goes into recession. That is what will end will be
the end result of internal recession and contraction. Far too
higher percentage of our tup goes into subsistence expenditure rather

(44:37):
than economic growth. Couldn't have put it better myself. But
mind you, it's no as hot. It's no, it's fault
means well it's Trump's fault obviously. By the way, if
you're listening to us on ten eighty AAM in Auckland,
quick question, why why would you want to listen to me?
Do you know how good I sound on FM?

Speaker 22 (44:52):
I am?

Speaker 3 (44:53):
If you think I'm good on AM.

Speaker 23 (44:54):
Well yeah, that's what I was about to say. You
do sound amazing on AM.

Speaker 3 (44:57):
I sound amazing on AM. And if you think you
said satisfied with AM, weightingly get the FM experience. Anyway.
The point being there they've got some spinners out and
they're going to do something to the AM transmitter. I
don't know, paint it, rub it down with oil, give
it a massage, I don't know. But the point being
it's going off in a moment, literally, in a moment,
they're going to turn it off. Brian's there and he's
just me.

Speaker 23 (45:17):
I think he's got a foam canon.

Speaker 3 (45:19):
A little shaky little hand's going to just flick that switch.
So you've got to go to eighty nine point four FM,
and once you get there, you'll never go back because
you go, my god, he's coming in both years eighty
nine point four fms where you're heading if you currently
listen on ten eighty am, because in a couple of moments,
if you're listening on ten eighty am, you will hear.

Speaker 1 (45:41):
Nothing credible, compelling. The breakfast show you can't bess. It's
the Mic Hosking.

Speaker 2 (45:48):
Breakfast with Bailey's real Estate altogether better across residential, commercial
and rural news talks.

Speaker 3 (45:54):
Head be ran what he goes in half because he
was he was winning racist Tillough. I've decided to call
some off and talfo last weekend, but he's with us
from Walkingshat t WG twenty three minutes away from the
fuel story. Questions got raised yesterday, had that stock update
around delays, potential delays, whether or not we could have
more clarity about where we're app businesses apparently want less
talk about supply and more about long term confidence. Anyway,

(46:16):
Shane Jones, Associate Minister of Energy, is back with the
Shane Morning.

Speaker 13 (46:21):
Yeah good.

Speaker 3 (46:22):
The one ship delay thing that sort of got made
a thing yesterday and as I ran some people and
they said, this is like not even a thing. Do
we know what the hell's going on? You know, not
you guys. But from the media's point of view and
from the information flow point of view.

Speaker 24 (46:38):
Oh, other PM addressed this the other day and he said, look,
there's congestion up in Singapore. There's a massive re orientation
taking place as they trying to find feed stock and
crude supplies from different sources. So there's always going to
be a few logistical challenges. I don't think people should exaggerate.

(46:58):
There's significance of the event.

Speaker 3 (47:00):
Do you are you pulling every leaver you can? Information
wise and business says we need to know more. Can
you give us more as there more to be given?

Speaker 24 (47:10):
Yeah, I think that's a damn good point. So the
situation is that we do operate a high trust model
with the oil import companies if I can describe them
in that vein, and officials are examining, Okay, what additional
info can we give because the real plague upon us
there's always going to be risks, but the real plague

(47:30):
is uncertainty. And if we can plug the gaps of
uncertainty in the business community with a further additional information
being provided by the oil companies within a constructive relationship
with our officials, it's not a bad idea.

Speaker 3 (47:45):
Okay, can they do they have stuff they could give
you that you want to know about, And if so,
what is it.

Speaker 24 (47:50):
Well, if we were to ring, for example, Channel, they
can easily tell us what vessels are docked and booked
to bring fuel and disgorge the fuel at Marsden Point.
And if that's the nature of the information that peak
industry bodies would like to see and hear, to give
them some certaintier as to how they cope over the

(48:12):
next two or three months. A lot of that information
already exists. We've just got to work through with the
fuel companies how much of it can be provided. And look,
although there's no clear legal obligation for them to be
exhausted in the info they give us, public trust trumps
their anxieties.

Speaker 3 (48:34):
Indeed is your relationship with them, and there's with yours.
What would you pick a word? Robust, healthy, happy, loving.

Speaker 24 (48:41):
Yeah, Well, it's got to bear in mind this is
a high trust model. This is a deal that our
government entered into in twenty twenty four that the country
would never be never be left stranded. These are sophisticated,
herculean sized organization with global reputations that have never once
said to us that fuel will not be delivered and

(49:02):
we have substantial penalties and law in the event that
they don't observe their statutory obligations.

Speaker 3 (49:08):
You've told us this before as an exercise in asking you.
Should they go, hey, we can't do it anymore? Would
you take them to court with a view to.

Speaker 24 (49:16):
What Well, the law lays out what the process is.
But look, I think we should maintain our confidence that
although the supply is sticky and the prices are large,
there is no way that any of them will see
any upside in not observing their statutory obligations.

Speaker 3 (49:38):
The swaps, the tickets, the deals we started talking about
a couple of weeks ago. Where are we at with
that and how close to some sort of fruition.

Speaker 24 (49:46):
Well, the PM said the other day that supply remains
a key outcome and there are a range of options
and when the time is right then we can obviously
be a bit more transparent as to what commercial arrangements
the Crown could or could not operate within. But the
most important thing is that we don't want to do

(50:07):
anything that undermines the capacity or the obligation upon the
fuel companies to maintain their word to New Zealanders and
officials will give us advice as to if the Crown
is to take a stake and increase the buffer, what
are the steps we ought to take.

Speaker 3 (50:24):
But you would know that already, wouldn't you. I mean,
you've had two weeks, You've got a bunch of options.

Speaker 24 (50:29):
But you'd be the first person to complain if I
was recklessly revealing commercial matters on your show without cabinet authority.

Speaker 3 (50:35):
Well I'm not sure I'd quite like that if you
wouldn't mind, But there you go. I'm just interested. Is
it a real, live option that can materially change the
picture or it may never come to pass.

Speaker 24 (50:48):
Well, we've already committed to re establishing and recommissioning ninety
tw one hundred million liters worth of storage and Marson Point.
So that's the first thing. If you bring more fuel
into the country, what do you do with it on
a ship bobbing and the tide or do you put
it on shore? And that ninety odd million is about
eight to nine days worth of diesel, So you know,

(51:09):
I think it's a positive step, shows that there's a
level of agility within the Crown. But at the same time,
we Chow threw twelve million dollars worth twelve million liters
every day of diesel. So these are large amounts that
we're talking about.

Speaker 3 (51:23):
Good to have you on the program. Change Jones, associated
Minister of Energy. He's done a very good job on this,
the same way Mark Whtich has done a very good
job on the weather. He's done a very good job
in the oil And I keep going back and it's
not even trying. I'm not even actually trying to be
political about it. It's just I don't care who runs
this country. Happens to be a government at the moment
that you know, you might like, you might not, But
my point being, I don't know that you can necessarily

(51:43):
fault them to this point in the way that they've
conducted this particular operation. And as regards the back and
ford yesterday with the journalists with the Prime minister, they
were trying desperately to make this delay of one ship
a thing. And it's sruck me because I watched it live.
It struck me that some of them at least didn't

(52:03):
actually know what they were asking about. They didn't actually
get why they were asking the question or what the
point of the question was. And therefore it didn't seem
to be a thing. So we rang Simon Perham, who's
the Wytimo boss that we get on periodically. Here he's
up in kl at the moment, presumably looking for oil.
He says, this was a ship that was delay by now,

(52:25):
so it's not like a ship's not coming. It was
delayed by an hour. So anyway, he says, it happens regularly.
It's about loading or unloading time. So you just think
about the size of these things, for God's sake. I mean,
you don't pull into a car park and just whip
a few boxes off and then he's on his way.
Is these are massive ships, so unloading and loading. Weather
can play a part of course. The cyclone last week

(52:47):
there was a small delay as a result of that.
I wouldn't blink twice his words, not mine. I wouldn't
blink twice upon hearing about that delay. It's an hour.
It's like, geez, no worries, That's what Simon says, because
he's our mate a geez no worries. So if he's
not worried, I'm not. Sixteen to two.

Speaker 2 (53:09):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by news talks.

Speaker 21 (53:15):
It be.

Speaker 3 (53:16):
Thirteen to wait. Can I recommend you read if you
didn't already, you know, to trainees work yesterday on the
inland revenue slash Treasury, people who seem determined to extract
more money from us in a country where as far
as I can work out, the money's been and this argument.
I'm sick and tired of this argument. You hear it
in all sorts of aspects of life and news. Somebody
else does it. We should do something because somebody else

(53:38):
does it. And tax is one of the most often
used excuses. We should have fifty eight percent tax in
this country because you know, pick a random country that
does it. It's the stupidest argument going anyway. Treasury and
inland revenue. They freak out about how old we're all
getting and how everyone's leaving the country and the place
is bugged, and so we need to tax people more,
as though that's an answer anyway. They come up with
a variety of ideas, so they're just sort of scoping

(54:00):
out the ideas. One of the ideas they've worked out
they can't do is the top rate at thirty nine cents.
The company rates at twenty eight you can't put company
rate to thirty nine obviously, and you can't put the
thirty nine down to twenty eight obviously, So they can't
do that. So they come up with this idea that
you have a look at what you could do. Answer,
you can do nothing. GST was another idea, you can

(54:20):
increase test. But then they quite rightly pointed out the
moment you increase the GST, who gets hit poor people?
Because that's a bigger percentage of what you don't already
have in the first place, going on stuff you can't
afford anyway, So you can't close the gap. Of course,
obviously they talked about capital gains tax, but then they
talk about all the problems with the capital gains tax
and all the movements that people and things that people
do to avoid capital gains tax. And this is a

(54:42):
Labour Party policy. Of course, they've got a capital gains tax.
The fact it won't work doesn't seem to matter to labor,
but you know, from the Treasury slash and land revenue
point of view, they wanted to work because they wanted
to bring in actual money. So they've got problems run
to capital gains so you can't close the top tax rate,
in the company rate, capital gains has got problems, can't
And then they come down to this GST thing, whereby
if you increase GST you then backload money to poor people,

(55:06):
like let's let's increase the tax and then let's do it.
I mean, so you're washing money over and over in
the inefficiency of that's ridiculous. So my summation from the
ideas from treasure and inland revenue is you can't do anything,
and nor should you, And you might want to just
stop long enough to ask yourself the question, why do
we always have to think about taking more from people?

(55:27):
Why don't you, to use an old phrase to paraphrase
Cameron Baggery, one stitch in time saves nine rolling stone
gathers no moss. Why don't you cut your cloth teen
away from it?

Speaker 2 (55:40):
The Mi hosking breakfast with rainthrow a sport SV News
toms En V.

Speaker 3 (55:45):
Royal visit the States as either a storic of genius,
of course, or super awkward. King Charles will meet Trump
privately addressed Congress later on this month as well. Robert Hartman,
Royal correspondent, back with this morning, Well May from the
royal perspective, what is the risk of this trip.

Speaker 25 (55:59):
Well, there's is a risk on any trip, but I
think the greater risk would be to not go on
this trip. There are voices in Britain saying that the
King should be canceling this was it because of mister
Trump's increasingly erratic comments about Britain, Britain's armed forces, and
the Pope, and who knows what else. But the watchword

(56:21):
of the Palace is always keep calm, carry on. And
I think the one thing we need to bear in
mind is that Donald Trump is a huge Royalist and
he is very keen not to embarrass the King and Queen.
I went to see him recently three months ago for
my book I've just written on Elizabeth, and I talked

(56:41):
to him at at length about the royal family. And
he's absolutely devoted to not just to the late Queen,
but to the King. And we have seen that on
the previous visits to meet the royal family in London.
He's always he's always gone out of his way not

(57:02):
to not to do anything to embarrass the Royals while
he's there. Now, of course what he says before and
after is another matter, but I don't think there's going
to be a toe curling moment for the king while
he's on the ground.

Speaker 3 (57:16):
Is this the real value of royal diplomacy in that sense?
If he can smooth the waters, that's why we had
the Royals.

Speaker 25 (57:22):
Yeah, I mean there is an element of that. I mean,
if you think back in history seventy years since the
Seuez Fiatsco, when Britain, France and Israel hatched a completely
disastrous scheme to try and annex the sewers Canard off Egypt,
the rest of the world was very cross. Washington certainly was,
and even thrown to be value the pan Washington and

(57:44):
London were loggerheads spread after that, what do we do?
We certainly Queen over On a State visited to Washington
ten months later and it was a great success. So
you know, there is there is form if you like,
for the Royals being able to act as soothing balm,
if you like, sort of they're good at mending.

Speaker 3 (58:04):
Francis, what's your insight into Trump having spent time with
them recently? Is he mad or just excentric, more eccentric
than mad.

Speaker 25 (58:14):
I mean, it was a very colorful weekend. Didn't get
off to a great start, he said, I don't want
to do an interview. I'm here to play golf, he
said when I met him in his golf club. And
he was rather appalled when I told him that I
didn't play golf. You're British and you don't play golf,
But I explained that I just wanted to talk to
him about the late Queen, you know.

Speaker 12 (58:36):
On that.

Speaker 25 (58:38):
He was just very happy to kind of reminisce about
his first meeting. Whether he said it was meant to
only last fifteen minutes when they first met twenty eighteen.
In the end, they spent nearly an hour together because,
among other things, they bonded over the fact they both
had Scottish mothers. President Trump's mother is a McLeod from
the Isle of Lewis and Scotland, and also the fact

(59:00):
that they both had quite considerable landholdings in Scotland. He's
got some golf courses that she of course has about
moral of states. So they got off on a.

Speaker 6 (59:12):
Good footing.

Speaker 25 (59:12):
And like I said, I mean, Trump is very capable
of compartmentalizing. You know that he treats politicians as one
breed and the monarchy as another.

Speaker 16 (59:25):
And he was.

Speaker 25 (59:28):
When he came for his state visit to London in
twenty nineteen. He was the last state visitor, as I said,
of the Queen's entire reign, and the mainly got off
the plane. He switched his phone off. There was no tweeting,
there were no funny remarks, you know. I mean when
he got back on the plane again, of course it
was business as usual. But I think what you find
is that of a certain degree of self power. It's not,

(59:51):
you know, achieve miracles, but in this fractious and very
odd world, it's shure, we say, a more reliable diplomatic tool,
the most.

Speaker 3 (01:00:00):
Good to talk to you. Robert Gowell, Robert Hartman out
of Britain for us this morning News in a moment,
then the man of the moment in supercars, Ryan Wood
is with.

Speaker 1 (01:00:07):
Us, asking the questions.

Speaker 2 (01:00:09):
Others won't the mic, asking breakfast with a Vida, retirement, communities,
life your Way, News talks, d B.

Speaker 26 (01:00:16):
I'm doyndreamman, but busy and tarby.

Speaker 1 (01:00:24):
And I'm sorry about the weather.

Speaker 3 (01:00:31):
I'm just trying to work out it is seven minutes
past eight. Upside of the supercars is that the weather
interruption of last Sunday will be put right this weekend
in christ Jutch. We got four races to make up
for a first ever races of course for the South Island,
which is super exciting. The man going into the weekend
with all the momentum is of course, Ryan Wood, who
has won his second ever Supercars race in Tapo, his

(01:00:52):
first in New Zealand and the first win for Toyota itself.
So all in all, it was very good weekend. Then
came Sunday and it was all off, so hopefully things
change this coming weekend. Ryan was with us anyway, Ryan morning.

Speaker 12 (01:01:04):
Morning mate, How are you very well?

Speaker 3 (01:01:05):
Indeed, how's your season gone so far? I mean the
weekend itself was good, a third in a win. You
couldn't have asked for a lot more than that, could you.

Speaker 21 (01:01:13):
No, Look, it was a great weekend, great points which
is really important for us. And yeah, obviously a win
at home is really cool and really focused on this
weekend now, so yeah, got to make the most of
the opportunity at hand.

Speaker 3 (01:01:31):
How big a deal was it for Toyota.

Speaker 12 (01:01:35):
Massive?

Speaker 21 (01:01:36):
I guess, you know, the biggest OEM in the world
and they've got to Yeah, they've got to do you know,
a good job when they bring out a product and
that's that's what they've done. And yeah, I'm so proud
to represent them, and the package that they've given us
has been really good, and yeah, so cool to get

(01:01:59):
a job for them. The success I've had straightaways, yeah
pretty impressive to be honest, talk us through.

Speaker 3 (01:02:08):
So for people who don't follow supercars, toya to have
come into it for the first time. You've got a
new car, you've got to emuligate the whole thing, et cetera.
How do you sort a new car out from what
you had previously, which was a Mustang?

Speaker 12 (01:02:22):
You know.

Speaker 21 (01:02:23):
It obviously starts with a lot of design work and
from then on it it's just it's vision. It's putting
in what they think is right into real life. And
look everyone's done a great job at that. And yeah,
very proud to be driving the car that we are.

(01:02:44):
And look it's been pretty fast straight away, So yeah,
I've done an amazing job. Obviously, a lot of work
goes to the wind Tunnel, a whole engine program, and
a lot of that was done in the UK, so
they've done a massive job.

Speaker 3 (01:03:00):
I don't know if this makes any difference to you,
but I reckon the Toyota is the best looking of
the three cars on the track. What do you reckon?

Speaker 27 (01:03:08):
I might be a little bit biased, but yeah, so
do I reckon? The super looks pretty pretty angry and
stands out very well. So they've done an amazing job
of keeping that road car to race car.

Speaker 12 (01:03:20):
Feel about it?

Speaker 3 (01:03:21):
What did you make of Sunday when the weather came
through and they can't well and Saturday they can Sunday
were you disappointed in that because you're on a roll.

Speaker 27 (01:03:31):
Look, they had to do what's right for.

Speaker 21 (01:03:34):
You know, everyone's safety, and I think they made the
right call. So at the end of the day, there's
you know, people's lives that could have been at risk,
and that's more important than going racing. So I think
they made the right call. And yeah, I'm glad no
one got too hurted. You know, obviously what ended upcoming
wasn't probably as bad as we thought. But at the

(01:03:56):
same time, you would rather be safe than sorry.

Speaker 3 (01:04:00):
How did the whole movement of the city Do you
pay an interest to ask questions about this? How did
the whole movement of the supercar stuff go from Tapo
to christ Yet you know the containers, the ships, the
whole thing. How's that gone? Has that gone smoothly?

Speaker 24 (01:04:12):
Well?

Speaker 21 (01:04:13):
Everything's here, so I don't know too much about it,
but yeah, I think everyone's found it quite a cool experience.
Obviously a lot of work for all the teams, but yeah,
at the end of the day, that's why we were
like a traveling circus.

Speaker 3 (01:04:27):
So yeah, yeah, is it vastly different? You're out of
a container really when you're on the road, aren't you.
Has this two stop in New Zealand been that much
different from any given weekend or any two weekends in Australia.

Speaker 21 (01:04:43):
Not really, It's just racing as usual. We just don't
have our truck, so we'd just going the container and
work out of there and that's about the only difference.
So it's pretty normal. That's cool.

Speaker 3 (01:04:58):
Do you believe in momentum? Given you success Saturday, do
you take that and move it into this weekend or
is the gap to you know, another word, to start
from scratch again?

Speaker 12 (01:05:09):
Well, I hope I.

Speaker 21 (01:05:10):
Believe the momentum will find out tomorrow. I guess if
there is momentum, and then I'll be trying to use it.
I've still got confidence, so we'll see how that goes.
But yeah, at the end of the day, I don't
overthink it, just go out.

Speaker 27 (01:05:25):
There and drive.

Speaker 3 (01:05:26):
Good on you. What do you know about Ruepoona? How
much time on the swimmer you spent.

Speaker 21 (01:05:31):
A wee bit but right here back in the day
and looking forward to getting that into it, about to
hit out to attract this afternoon and you know, get
amongst it.

Speaker 13 (01:05:42):
So it's going to be good.

Speaker 21 (01:05:43):
I can't wait to get out there. Track's awesome, tight,
and I can't wait to see all the fans out
there as well.

Speaker 3 (01:05:49):
What's the forecast?

Speaker 12 (01:05:52):
Hopefully, Sonny, we'll be right hold on mate, A.

Speaker 3 (01:05:56):
Couple more questions for you. In a moment, Ryan Wood,
who's with walking to a t WG racing of course?
And in New Zealander, which is the part we're proud of.
More in a moment thirteen past the.

Speaker 2 (01:06:05):
Mike Hosking Breakfast Full Show podcast on iHeartRadio, carlet By
News Talks.

Speaker 3 (01:06:10):
B Stalks be caught a past eight Ryan woulds our
guest out of walking through TWG racing of course and
a hot favorite day going into Ruapoona this weekend in
christ You's the first of the double hitters. Of course,
we had Ryan Matt Payne on last week, and I
asked him, I'll ask you the same question. I asked him,
You've got to win, so it sort of discounts you

(01:06:30):
to a degree. Would you rather win a championship or
have some wins? In other words, if you could win
the championship without ever winning just podiums, would you do
that or would you rather have the wins?

Speaker 12 (01:06:43):
Probably win the championship even if.

Speaker 3 (01:06:46):
You came second every time.

Speaker 12 (01:06:49):
Yeah, I guess, so gives you the big trophy at
the end.

Speaker 3 (01:06:53):
I guess.

Speaker 12 (01:06:53):
So.

Speaker 3 (01:06:54):
The places worked me through how this works. So so far,
I've got your twenty one seven, five, seventh, third, eighteenth,
twenty first, third and one. So how come some weekends
it's eighteen. Some weekends it's one.

Speaker 21 (01:07:08):
Eighteen.

Speaker 26 (01:07:09):
There's been a few heck cubs, the last couple of
bad ones, weren't they're not? I guess, you know, real
if that makes sense, we we're probably running inside the
top ten when those happened. But honestly, it's just it's
it's so hard to be consistent each weekend. So you know,

(01:07:35):
it's about just making sure the car's in the window.
And yeah, it's a hard job.

Speaker 12 (01:07:41):
That's for sure.

Speaker 3 (01:07:42):
That's what makes the sports so exciting because that's the
reason I ask you just can never tell and the
gap between first and third and eighteenth is next to
nothing at the end of the day. As far as
the A lot of people want me to ask about
Greg Murphy. What's he done for you? To explain? He's
easy meeting. You've taken him on as a mean what's
he done for you?

Speaker 12 (01:08:02):
He's done lots. He's a realist.

Speaker 26 (01:08:05):
He's been straight up and down with me and he's
just helped develop me into a better driver on and
off track and understand what comes with all the success
and and you know, trying to work harder than your
opposition and making sure that you turn up to the
track fully prepared. So yeah, he's been massive and to

(01:08:28):
have him there on the weekend was really really special.
So he's going to come down this weekend and hopefully
I can make him proud again.

Speaker 3 (01:08:36):
What's his role in your Is it a day to day,
week to week thing or is he wants every now
and again you touch base thing? Well, how does it work?

Speaker 26 (01:08:46):
He's a bit of everything, to be honest, he's day
to day He's just my all rounder to be honest.

Speaker 12 (01:08:52):
He's yeah, he's massive.

Speaker 26 (01:08:54):
He's he takes care of you know, conversations, all that
sort of stuff as well.

Speaker 12 (01:08:59):
And yeah, he's been massive.

Speaker 3 (01:09:04):
Or mental or both. I mean, did you need to
kick up the ass?

Speaker 14 (01:09:06):
Is?

Speaker 12 (01:09:06):
That?

Speaker 3 (01:09:07):
Was that the problem?

Speaker 6 (01:09:07):
Ryan?

Speaker 3 (01:09:08):
You needed a little kick up the jackson and Murphy
was the man to do it for you.

Speaker 27 (01:09:11):
Yeah.

Speaker 21 (01:09:12):
One d.

Speaker 12 (01:09:14):
He's been great and at trying to steer me in
the right direction.

Speaker 26 (01:09:17):
And there definitely was a time where I needed to
have a good hard look at myself and.

Speaker 12 (01:09:24):
Yeah, he helped me with that. So he's been massive.

Speaker 3 (01:09:27):
And was that hard work for you to transform yourself
or not?

Speaker 26 (01:09:32):
It's always hard work, but it's what I needed and
if I wanted to be a better racing driver, that's
what I needed to do.

Speaker 3 (01:09:40):
So yeah, because he's no nonsense, Glad I did it.

Speaker 12 (01:09:46):
He's no nonsense, no, no, no nonsense.

Speaker 26 (01:09:49):
And yeah, he's he's just you know what you've got
with Murph and he's very very straightforward.

Speaker 3 (01:09:59):
Yeah. You And once again for people who don't follow closely,
you lost a tremendous amount of weight. You dropped from
one ten to eighty five. I didn't realize it was
quite that much just in terms of getting in a
seat in a car and in a race, especially in
an endurance race. What difference did that make?

Speaker 26 (01:10:18):
It definitely helps with your concentration and being you know,
I guess more confident in yourself and yeah, it's just massive.
It's it's definitely something that helped me take my career
to the next level.

Speaker 12 (01:10:34):
And yeah, it's been massive to help me.

Speaker 26 (01:10:39):
Just know that when I do want to knuckle down,
and you know, I always try and put one hundred
and ten percent, but that is.

Speaker 12 (01:10:48):
Extra a little bit each day. It's really worth it.
So it's it's pretty.

Speaker 3 (01:10:52):
Cool, fantastic. Where's your growth trajectory? You got your third season?
Now are you on a trajectory to get better and
better and better over what period of time do you
think you're traveling? And how good can you be? Do
you think?

Speaker 26 (01:11:09):
Well, I hope one day I can sit here and
chat to you as a Batist champion and a champion
of the championship, and hopefully when the JR Trophy this weekend,
hopefully that that's the conversation we have and yeah, I
feel like I can do those things.

Speaker 12 (01:11:29):
Well, just see how it all goes good on.

Speaker 3 (01:11:32):
You mane well, good luck this afternoon and looking forward
to the weekend as well. Nice to catch up. Appreciate
it very much. Go well, thanks mate, Good on your man.
Ryan Wood, who is with Walkin Shaw comes off of victory.
Brody Pisecci got the other win of the two races
last weekend. But we wish and well and everyone at Ruapuna.
They say they're going to break records this weekend. Normally
a good weekend at twelve thousand a day. They think

(01:11:53):
maybe up to twenty thousand people are going to be
going per day, which will be good. Twenty one.

Speaker 2 (01:11:59):
Missing breakfaits with Bailey's real estate news talks, there'd be Now,
most people.

Speaker 3 (01:12:04):
Don't realize how closely hearing and balance are connected, right,
hearing and balance, So ears don't just help you here.
Of course, they play this critical role in helping your
brain understand where you are, so they're constantly feeding information
to your brain about movement, position awareness, and when the
hearing starts to decline, something else help into the brain
is having to work harder just to process the sound,
so it puts more effort into listening, which means fewer

(01:12:25):
resources are available for other things. Including balance and coordination.
You with me, So this is why research is showing
there's this clear link between hearing loss and an increased
risk of falls. So if you've started to feel a
bit unsteady yourself, or you've had a fall in the
past year, might be worth having the old hearing How
to look at resonate Health's EAR three sixty assessment. Now,
this is the one that does it properly. Comprehensive hearing

(01:12:46):
assessment looks across a wide pitch range, explores how your
hearing maybe affecting day to day life, examines links to balance,
memory and tenatus and if you mentioned my name when booking,
we've got your fifty percent off half price. Simple as that.
Why not three six is what you're after? You do
it at Resonatehealth dot co dot nz or eight hundred
and seven three seven sixty six two. But you never
know what you'll find out with resonate Health tasking like

(01:13:10):
listening to Murphy giving him a boot up the bum.
I'm currently reading Brad Thorn's book Champions Do More. I
wish I'd been able to read that in my team. Certainly,
a mindset is the difference between the herd and the standouts,
no questioning about that. We had Brad Thorne on a
couple of months ago.

Speaker 11 (01:13:23):
Is an awesome guy.

Speaker 3 (01:13:24):
And it's a very good book as well. Mike I
reckon Ryan Wood is the best thing to come out
of Wellington since they launched the inter Islander. Another impressive
young Kiwi Motorsports success. Mike Ryan would great inter view
breath afresh year. Please don't change Ryan. It's nice not
having another Supercars clown or clone answering the same questions
with the same answers. His I just wonder seeing to

(01:13:45):
myself yesterday when I was thinking about the interview. His
dad's a runs a car grooming business, and I was
thinking to myself, if my dad ran a car grooming business,
would I be a car groomer because no one loves
grooming cars more than I do. And I'm yeah, you
look dad, he's out there with his pham cannon. Although
back in those days wouldn't have been a foam cannon.
Would have been a bucket and a sponge and a hose.

(01:14:07):
But now you've got a foam cannon.

Speaker 23 (01:14:09):
I'm pretty sure some of your kids think that you
do run a can.

Speaker 3 (01:14:12):
Welder in Maywelder. But I was watching a little bit
of the Tyson Fury program last night. They've got the
second season of At Home with the Furies or whatever
it's called. It is comedically brilliant, and I don't think
they know how comedically brilliant they are. But one of
his sons, and he's got eight, nine, ten or eleven
or twelve of them, one of them wants to be

(01:14:32):
the next Tyson Fury. He goes, my dad didn't have
a plan. B. I don't have a plan. B. I'm
going to be a world champion. Currently he's scooping dog
poo and pulling the weeds in the front yard. That's
his job because he left school at sixteen because he's
a gypsy. But I'm thinking, you know the role of
your dad in their life. And so there was young
Ryan watching his dad car grooming. How close did he
come to being a car groomer? Could have been lost

(01:14:53):
to supercars?

Speaker 12 (01:14:54):
You could?

Speaker 3 (01:14:54):
I could have been lost to you if I went
to be a car groomer.

Speaker 23 (01:14:57):
Yeah bad. I think what our cars would have gained.

Speaker 3 (01:15:00):
You'd have shiny cars, but no mic hosking breakfast. Which
one would you rather have? Think about that? News for
you next It News towards third.

Speaker 2 (01:15:08):
Both opinion, edit, informed, unapologetic, the mic asking breakfast with
Ranger over sport SV the ultimate performance, SUV News, togs
dead V did here.

Speaker 3 (01:15:20):
Into it, PMQ's and the Commons was fantastic. Overnight Starmer
is getting absolutely roasted. He's got all sorts of issues
coming his way. Ed him and said, went at it
in the house over Trump's call with Sky News.

Speaker 5 (01:15:34):
Surely the Prime Minister can't send al Qing to meet
a man who treats our country like a mafia boss
running a protection racket. My position on the Iran war
has been cleared from the start. We're not going to
get dragged into this war.

Speaker 1 (01:15:49):
It is not our war.

Speaker 3 (01:15:50):
I know where I stand, and of course the King's
got a lot of work in front of them on
that particular trip the Greens. Meantime, I've got this new
bloke Zach running the place. Hasn't gone far enough.

Speaker 22 (01:16:01):
I think what I want to see from kist Arma
is some leadership on this, not calling him our ally
or talking about the special relationship, but actually talking about
what it means to build a better and stronger relationship
with our European neighbors.

Speaker 17 (01:16:13):
International correspondence with ends in eye insurance peace of mind
for New Zealand business.

Speaker 3 (01:16:19):
Has go to Britain and our man Rod little money
mate to you mate. Now let me all here, we
get the RAC just quickly. I know you want to
talk about Marmoud and the asylum seekers. But the RAC
has informed me that after forty three days, the price
of pitrol at your place is going down at stopped rising.
Is that true or not?

Speaker 13 (01:16:36):
I don't know. I mean I've been driving around and
filling up my car of various places. The price of
petrol has undoubtedly risen since you know, a month and
a half ago. It's also gone back down. It's also
gone back up. It looks to me as if it's
going to be increased substantially in the in the coming months,

(01:16:58):
because we simply don't know know what's happening. But it's
not impinging upon the country in the way which previous
oil crisis have impinged.

Speaker 3 (01:17:10):
Interesting.

Speaker 13 (01:17:11):
Perhaps it will do, but not at the moment.

Speaker 3 (01:17:14):
Do you run on diesel or petrol yourself?

Speaker 13 (01:17:18):
A petrol?

Speaker 3 (01:17:18):
Okay, I got you at a pound fifty eight? Does
that sound about right?

Speaker 16 (01:17:21):
Yeah?

Speaker 13 (01:17:22):
Pound fifty nine is what I've in paid Yeah, pound
fifty nine, which is kind of dirty. P above what
it was and it's very lowest point and that's an
impinging but it's not but it's not something which stops
me going anywhere, if you get what I mean.

Speaker 3 (01:17:41):
No, no, exactly, Because the interesting thing is diesel's at
one nine to two up from one four too on average?
Has there been outrage, upset and concern over the cost
of driving a truck happened down the countryside to deliver stuff?

Speaker 13 (01:17:53):
Yeah, there is anger about diesel. There is no question
that there's anger about diesel. And of course the one
lobby would say that the diesel drivers are on the
wrong side of history anyway, you know, get rid of it,
which is a rather short sighted way of looking at things.
But nonetheless, the minority of people who do drive diesel

(01:18:16):
have undoubtedly had it hit hard.

Speaker 3 (01:18:18):
Exactly right, Ma Mood. She solved the asylum seeker problem, Hashi,
you're here to tell us this morning.

Speaker 13 (01:18:25):
I think she's done a really, really good job on
asylum seekers. It's removed immigration from the front page of
the papers, which it was for all of last year.
The number of people coming into the country has reduced massively,
and now she's got this new thing whereby she's trying
to stop sylum seekers pretending they're gay in order to

(01:18:47):
come into the country. This is a magnificent fraud which
has been perpetrated by the human rights lawyers and so
and the number of campaigning groups. So that someone over
from Afghanistan and they say, well, I'd like to stay
in this country, how do I do it? And they say,
pretend you're gay, and so always since twenty five year

(01:19:10):
old Afghans who are really, really really not gay pretend
they're gay and they get in because that's the way
it is, because they would be persecuted if they were
set back to their country of origin. She has clapped
down brilliantly. You know, we've got local elections coming up
and reform are expected to wipe the board in particularly

(01:19:33):
in what we call the red wall areas, the old
labor voter areas. And yet because immigration has been moved
from the front pages, and it really has, you can
see labor being perhaps a bit more resilient than they
would have thought they might have been, you know, three
months ago. And all of that is down to Mood,

(01:19:54):
who is nonetheless Mike loathed by the Parliamentary Labor Party
and party activists in the Commons.

Speaker 3 (01:20:02):
I was watching overnight. Starmer was, in fact he was
so righte but oil Head a crack at him and
told him to start answering the questions properly. And and
Starmer was seen as he was leaving the Commons, you know,
having having a word. How much precious he under and
how's he handling it well?

Speaker 13 (01:20:16):
He's handled The thing about star is he's handled foreign
affairs very very well. Indeed, to the satisfaction of his party.
At the dispatch box he is routed every single time
by a rejuvenated Kenny Baideroch and that's why he lost
his temper today. There are still many questions about his leadership,

(01:20:43):
lastly from people like Angela Rayner, Westreeting and indeed Andy Burnham,
all of whom a lot depends upon next month's council elections.
If they are really, really bad, and this is setting
the bar pretty low to be honest, because they're going
to be bad whatever happens, then there is a problem

(01:21:05):
for Starmer. My guess, it's just a guess, Mike, is
that they won't be quite as bad as some people
are seeking.

Speaker 3 (01:21:13):
All right, we'll hold you to that. As always all
predictions you are held to. Roden see on Tuesday. Appreciate
it now. Just before we leave Britain, the former NATO chief,
this is an interesting guy called Lord George Robertson, gave
a speech which probably sums up Britain's precarious statements. Is
why Starmer and Trump are not getting on at the moment.
UK security, he says, is imperial. This guy's labor, he's

(01:21:33):
a former labor Defense secretary in the UK. Securities in peril.
Starmer's government has shown corrosive complacency towards defense. He wrote
the what's called the SDR. He the Strategic Defense Review,
non military experts in the treasury, he claims evandalizing it.
Ten year investment planned to fund it's been repeatedly delayed.
Best line of it all, we cannot defend Britain with

(01:21:56):
an ever and expanding welfare budget. Seventeen two The.

Speaker 2 (01:22:01):
Like Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks a B.

Speaker 3 (01:22:07):
I should have raised us when I was talking to
Ryan Wood, but I forgot. If one's having get more meetings,
are the staffins grievances around the sport. It's not just
for Staffin's grievances around the sport. He's just the most
one vocal and be carries the most weight anyway, Dominicalali,
who runs the whole sport, he said, repeated criticisms not
good for sport. Quote. He knows his voice has weight

(01:22:28):
and he needs to respect that weight. Sometimes some people
can take it the wrong way. I don't think they're
taking it the wrong way. I think Max has worked
out what the problem is and there's too much battery
and not enough engine and it's go kats. It's not
real left one racing. I think most people would agree
with them, so there, I don't know what they can
do about. It's the next problem. That means all very well,
seeing around having meetings. I'm enjoying it, to be fair,
I mean all the I've watched every race so far

(01:22:49):
this season, and I've enjoyed the racing. I get that
when they overtake, their push the button and the battery
comes in, and once they push that battery and use
the battery, there is no more battery left and so
therefore they'll get over taken again. But visually I quite
like it. So I'm not a massive I'm a purist.
I'd rather have a big engine. They don't sound the
way they used to, but nevertheless, be that it's still

(01:23:10):
relatively exciting. I'm also reading yesterday, by the way, you
paid a premium for your EV, which I thought was interesting.
So not only I'm now not convinced and we need another,
I reckon another two to three months worth of data.
The only data we've got at the moment is March.
Everyone patent not everyone. A few people panicked and went
out and bought an EV.

Speaker 23 (01:23:27):
You were panicking a bit.

Speaker 3 (01:23:28):
I wasn't panicking. I was using it as leverage to
be able to purchase something that I'm not otherwise allowed
to purchase.

Speaker 23 (01:23:37):
It sounds like something JD. Varz would say.

Speaker 3 (01:23:39):
Yeah, hey, random guy in the dark. I thought that
was a very good line. You see that yesterday if
you missed it. He was at the whatever that thing
he was at, and some loser yells out in the dark,
and he gives it right back to them. He's sharp
as that guy. I reckon he will make a good president.
And that's a guy who was backing Rubio anyway. So
you went out and you bought your E March. There's

(01:24:01):
no dispute. In March, it was Gangbuster's time. The guy
from Giltrap, which is a major car player in this country.
He said, it's been a quote unquote game changer. Most
of the pure electrics are sold out. It's a tipping
point for the industry. Bloku at Evcity in christ U
she sells the second hand stuff. He said he had
a record March and buyers are prepared to pay a premium.

(01:24:22):
So not only did you go out to buy EV,
you paid above the odds. They're now out in places
the used guys. They're out in places like Japan. At
the moment, all the prices in Japan, of course have
gone up, so they've gone up ten to fifteen percent.
This is where I think it's going to get a
bit crunchy because petrol prices are no longer rising ish
and things are settling down ish. So the frassant that

(01:24:46):
drove your purchase is disappearing. So let's see what April
holds and whether you've gone out to buy any I reckon.
If you've done it, you've done it. If you haven't
done you're probably not going to That's my guess so,
I think we're going to see March was at April.
Not quite so.

Speaker 23 (01:25:06):
Some people were better at exercising their leverage than you were.

Speaker 3 (01:25:10):
Some people have different relationships and situations at home than
I do. That's what you were saying there, wasn't it, Glenn,
random guy in the dark ten minutes away from nine
the mic.

Speaker 2 (01:25:21):
Hosking breakfast with Veda Retirement Communities News Togstead Be.

Speaker 3 (01:25:25):
You know the line they shall not grow old as
we that are left to grow old, age shall not
weary them. So if you know that and it moves you,
then maybe you want to do something about Poppy Day.
Text Poppy this is my best idea. Texting Poppy to
eight five nine five. Note the name down eight five
ninety five. He text the word poppy, simple as that.
That's a three dollars donation to the RSA. It's going

(01:25:46):
to help them continue their important work and support of
those who gave so much since nineteen ninety. By the way,
here's a couple of stats. Since nineteen ninety, more than
sixty five thousand New Zealanders have become veterans of military service,
got one hundred and forty round about one hundred and
forty thousand veterans living across the car these days, and
so what the RSA does, of course is provides a
range of essential services. They've got the advice, they got
the advocacy, financial assistance, have needed, accommodation, mental health, medical,

(01:26:09):
family support. They do an amazing job. But they also
help with career and transition support for those veterans who
are still active in the workflow. So across the board
the need never ends, of course, so the support is vital.
So get behind it. Text Poppy to eight five nine
five and that can make a real difference. And remember
every military veterans contribution in a tangible way. It's a

(01:26:30):
good thing to do. Nice thing to do, right thing
to do, good thing to do. Poppy to eight five
nine five. Pasking like evs. China is the one to watch.
That's a very good point. So they used to go
into Japan and the prices are going up. China has
more evs than they know what to do with, and
so this has come at a very very opportune time
for them. So there's plenty of stock there, so they'll

(01:26:52):
be looking to shift it as quick as so, almost
as though they might have engineered it. It is six
away from nine.

Speaker 1 (01:27:04):
Trending Now book in your flu vaccination Today, I've.

Speaker 23 (01:27:11):
Got some news for you.

Speaker 3 (01:27:13):
Well, I wondered what would happen next, because I've got
literally nothing in.

Speaker 23 (01:27:15):
Front of I've got the piece of paper today that's justin.

Speaker 3 (01:27:20):
Is that what I sound like when I do that? Yes,
it sounds quite cool.

Speaker 25 (01:27:22):
No, no, no, screw it up.

Speaker 23 (01:27:24):
I wish you would stop doing that.

Speaker 3 (01:27:25):
Screw it up.

Speaker 28 (01:27:26):
And I can't screw it up because I've got to
read some words off that. He's a bit of a
clue about the news. Now, remember mad Hill, Remember last
year how you bullied sky Sport into putting.

Speaker 3 (01:27:40):
The snook on the snooker. I did too, and they
did and what happened, Well, to refresh people's memory, I
bullied sky sky acquiesced in a really nice way, and
then nobody watched it.

Speaker 23 (01:27:53):
That's right.

Speaker 3 (01:27:53):
To my credit, I admitted nobody watched it, and I
retired from bullying sky Sport at that point in time.

Speaker 28 (01:28:00):
Correct, Yes, so only only In fact, only forty seven
thousand people watch the biggest session of the entire tournament.

Speaker 23 (01:28:07):
So it's about a tenth of the number. And that's
coming up with Steamers right now?

Speaker 3 (01:28:10):
Isn't it coming up again?

Speaker 13 (01:28:11):
Well?

Speaker 23 (01:28:12):
Yes, and guess what they're doing?

Speaker 3 (01:28:14):
Are they putting it back on?

Speaker 23 (01:28:15):
They are?

Speaker 3 (01:28:15):
Oh my god, God bless them starting the Saturday the
Halo World Championship.

Speaker 23 (01:28:20):
And Sheffield is back on skysport mate and on what channel?

Speaker 14 (01:28:24):
Do you know?

Speaker 3 (01:28:24):
On multiple masters?

Speaker 23 (01:28:26):
Don't have those.

Speaker 3 (01:28:27):
Details just yet, okay, but we can't confirm.

Speaker 23 (01:28:31):
That for the passionate This is a quote for the
passionate and committed fan based in New Zealand.

Speaker 28 (01:28:37):
The snooker is okay, so guess so yeah, the average
is out at about four thousand people watching it.

Speaker 3 (01:28:43):
You can, you can?

Speaker 16 (01:28:44):
You can?

Speaker 3 (01:28:44):
I just implore people to help me out here. If
you want snooker on television, and I asked the question
once again, who doesn't? Can? I just implore you to
set your recorders even if you don't want to get
up in the middle of the night and watch at
the Crucible is fobeious. In fact, this is the last
year for the Crucible, I think there officially Isn't it
so the last year for the Crucible that then they're

(01:29:05):
taking a break for a couple of years, or it
might be twenty sevens the last year anyway, they're taking
a break to expand it because it's become so popular
you can't buy tickets. Most importantly of all, Ronnie's there,
and Ronnie is possibly not going to be there next year,
so it may well be the last time ever you
get to see Ronnie. And I've been following the lead

(01:29:27):
up tournaments to this and things are looking good. There's
about four or five players there that are on top form,
including Ronnie, and so I mean, I don't know what
else I can say apart from if you're not watching snooker,
there's something wrong with you or words to that effect.
And God bless all I want to know from sky
TV are they doing what they did with the Masters,
which is multiple channels. So you have table one and

(01:29:47):
table two. Table two from the left, Table one from
the right. You know what I'm saying, Leaders pack you
can anyway, God bless guy, and we'll be back from
six tomorrow morning, as always, Happy Days.

Speaker 2 (01:30:04):
For more from the Mic Asking Breakfast, listen live to
News Talks at b from six am weekdays, or follow
the podcast on iHeartRadio.

All Episodes

Episode Transcript

Popular Podcasts

Stuff You Should Know

Dateline NBC

Kingdom of Fraud

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

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Full Show Podcast: 16 April 2026

Episode Transcript

Popular Podcasts

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}Stuff You Should Know

Dateline NBC

Kingdom of Fraud

All Episodes

Full Show Podcast: 16 April 2026

Stuff You Should Know