Full Show Podcast: 16 June 2025

Episode Transcript
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Speaker 1 (00:00):
In New Zealand's home for trusted news and views, The
Mic Hosking Breakfitt with the Defender Doctor the most Powerful
Defender ever made?

Speaker 2 (00:08):
And news togs Head been any.

Speaker 3 (00:10):
Why couldn't today bodycams for the Coppers? And are the
warlest Ones with the ram It's week for the Chinese
tourists coming here? The pome min is the before he
gets off to China with NATO. The lads in the
commentary box, of course being Monday, Richard Arnold, Steve Price,
Beren as well Pasky, Welcome to the week seven past six.
It was an odd looking thing, I thought, wasn't it.
I mean, it's not like we don't know. America has
a large military. America spends more on defense than anyone. Basically,

(00:33):
they spent about a trillion dollars a year. The Chinese
spent about a quarterback. But there they were, on what
looked like sparsely attended Washington streets, rolling down the road,
tanks and drones and guns and manpower. It was a
scene normally reserved for smaller powers who need to look
like the more important or serious than they are. Behind
the glass, the President and the Missus looked on earlier
on the day, several fellow politicians have been shot, some

(00:54):
of them fatally. Across the country, counter protests against the
parade were going on, Some got out of hand and
people got injured. A couple of days earlier, Israel had
gone after Iran. Iran had gone after Israel. The US
President did what he always does, which is to say
I warned them, but they didn't want to do a deal,
followed by we'll see what happens, then some vague threat
about it not ending well. As he watched all his

(01:16):
tanks and celebrated his seventy ninth birthday, He's losing them
at least, of course, he's losing Iran. He's losing the
Ukrainian War, at least one of which he said he
had sought out on day one. He wanted an Iranian deal.
He didn't get it. He, along with everyone else's losing
patients with Israel. The world looks a mess. And where
once America at least looked like they were actively engaged
in trying to play some sort of authoritative role, the

(01:38):
bloker runs the place these days looks more like he
enjoys parades and birthday celebrations and golf days and generally
paying lip service to big issues. All this, of course,
was going on after a week where the Marines and
the National Guard went to la and looked as we
were looked on as they tried to work out what
the hell they were doing there, given it sure as anything,
wasn't saving a burning city, given it wasn't burning, despite
the fact the birthday boy said it was. Trump so

(02:00):
looks a complete chaotic mess. His paperwork, though, also released
last week, shows he's making good money on crypto and
resort fees. His missus had some good income from a
mean coin, so at least they're fluid. Will it all
come to an end of sorts of next year's midterms?
I wondered to myself over the weekend, because surely this
circus has to be worrying thin, with enough Americans who
can't believe what they're seeing.

Speaker 2 (02:23):
News of the world in ninety seconds.

Speaker 3 (02:26):
Mainly the Iranian missiles have failed to penetrate the Dime,
but some did get through.

Speaker 4 (02:30):
We've gathered a lot of intelligence and put together a
picture to try to figure out who we're looking for,
where we should be looking for, specifically in the building
that collapsed, we.

Speaker 3 (02:42):
We extracted a few casualties nip Yeah.

Speaker 5 (02:45):
Who had advice, Whoever heard and carried out the home
front commands instructions and was in a protected area was saved.
Whoever did not, unfortunately, was harmed. We have embarked on
a war of salvation against a double threat of annihilation,
and we're doing it vigorously.

Speaker 3 (03:00):
The rhetoric has fallen as well.

Speaker 6 (03:02):
This defense is entirely legitimate. We're defending with strength and resolve,
and our response is a reaction to aggression. Therefore, if
the aggression stops, naturally, our response will also cease.

Speaker 3 (03:14):
The Israeli President wants to help the back call upon.

Speaker 7 (03:17):
The leaders of the G seven and will convene tomorrow
in Canada. Nation, all be with us, because if you
want to get the nukes out with a better work.

Speaker 3 (03:25):
Together with us against this miss is the G seven,
the afore mention which is about to get underweing Canada.
Of course Stam has already there.

Speaker 1 (03:33):
This provides the opportunity to talk to our.

Speaker 8 (03:37):
Leaders about the class and the situation and to make
our strong case together that.

Speaker 3 (03:44):
There must be the explosion of this straight side. They're
still looking for vance balter after yesterday's shootings of Minnesota
or Senator speaks for most the.

Speaker 9 (03:52):
Level of threat that lawmakers are exposed to is just unacceptable,
and that we have to find a way of ratcheting
down this.

Speaker 3 (04:04):
This just intensity you reckon. Finally, restaurant trouble for years,
Saburino de Botanist. This is in Madrid has held Beginner's
world record for being the oldest restaurant. There's three hundred,
but now it's heaven. Also in Madrid on the outskirts,
in fact called Casa Pedro is making the claim they're
actually three hundred and twenty three. They said, look at
the logo Casa Pedro since seventeen oh two. I wouldn't

(04:27):
have thought that was out. How to drum up anyway,
this said, look at the little bit of the logo
Cassa Pedros and seventeen oh two. So far a private
investigator has traced its lineage back to seventeen fifty, which
isn't three hundred and twenty three years ago or even
three hundred years ago. So others in our offering to
help and they crack it. We will let you in
on us a little world. In nineteen yeah, the G
seven no communicat all. Mike Carney's running this one, which

(04:47):
will be quite something for a brand new prime minister.
Of course, he's decided to abandon the annual practice of
issuing a joint statement or communicat They are a bit
worried about somebody mentioning Canada being the fifty first state
and taking over Greenland, so they thought, let's just let
that communication slide. This time. Around twelve past six.

Speaker 1 (05:07):
The Mike Asking Breakfast Full Show podcast on iHeartRadio Call
It by News talks.

Speaker 3 (05:13):
Eb War's good for the unloved US dollar. I note
the dollar index over the weekend is about ninety eight
point three to three, which is higher, of course, so
a bit over sold, a bit undervalued of Lake done
that seems to have been momentarily rectified. Fourteen past six
deven Fund Management Brig Smith.

Speaker 10 (05:31):
Morning to you moreing to Mic of course, the other
thing with war is.

Speaker 3 (05:34):
The oil goes through the roof.

Speaker 11 (05:36):
Yeah, absolutely, Yeah. Creude prices they sowed as much as
fourteen percent on Friday, so they've gone back above seventy
bucks a barrow. So obviously, real concerns about tensions in
the region generally and also specifically their impact on energy supplies.
So RAN's the third largest producer OPEK and you look

(05:57):
at the Middle East, that's around about a third of
global or supply. So yeah, also suppose a thread of
escalation whether energy infrastructure will broadly will be targeted. So yeah,
you certainly might move on from trade wars to real wars.
Might see, we don't hope this doesn't escalate, but ye're
looking at the supply side on the oil I suppose
there's also concerned about retaliatory measures aimed at the Strait

(06:18):
of Humus, so now a waterway that separates around from
the Gulf State, so it's a major conduit of course,
handles around about twenty percent of global flows. We've obviously
seen militants, you know, sort of disrupting things in the past,
but never sort of a full full scale blockage, so
that would certainly have an impact. So yeah, hence we're
seeing the all prices there, so of course an evolving situation. Yeah,

(06:39):
these geopolical risks obviously have occurred in the past that
it typically don't have a long term impact on oil,
but they certainly do have an impact, and there's an
argument that OPEC could increase supply to an extent, but yeah,
there's sort of concerns now that this could see all
go above one hundred dollars that We've even had one
major investment bank saying that this strait was impacted, that
could go to one third. So hopefully we don't see that.

(07:02):
The reality as well, it's going to put pressure back
on headlight inflation, of course. Yeah, falling all price that's
been a big story this year. It was eighty dollars
at the start of the year, it dropped around sixty,
but it's now sort of heading the other way. So
we certainly need to watch this closely.

Speaker 3 (07:14):
Indeed, we do. And before all that happened, of course,
the US consumer read came in and they've sort of
got over themselves and came back to normal sort of.

Speaker 12 (07:23):
Yeah.

Speaker 11 (07:23):
Absolutely obviously predated what we've seen in recent days. But yeah,
the University of Michigan survey that ticked up in June
sixty point five that was well aheaded best. It's fifty
four was up sixteen percent on a month ago. So
I suppose you know, it's because all the Trump rhetorics
sort of calmed down and Tako has been alive and
well and the White House's back traed on thread after thread,
and it has been paused in place and deal with

(07:43):
sorts of China. So I think it's all about that. Yeah,
con US consumers less pessimistic and also less pessimistic about inflation.
In fact, on the one year outlook for inflation, it's
got to levels not seince nineteen eighty one, so it
slid to five point one percent. That's all one point
five percentage drop. The five year you edge to lower
to four point one percent. So yeah, US consumers have

(08:06):
been feeling better about the here and now current conditions
that jumped eight percent. Future expectations that sawed twenty two percent.
But look, just to give it some context as well,
might there are still some concerns about the downside risks
to the economy. So most of those cement sentiment indices,
while they've picked up, still well below the year ago reading.
Inflation expectations are still above that seed in the second

(08:29):
half of twenty twenty four, And of course now we
have rising energy prices to contend with. So yeah, we
did have those couple of soft inflation prints last week,
which we talked about, but you'd have to think that
energy and what's going on in the Middle East will
be of concern to the feed as well. They meet
this week. It's hard to see them adopting anything other
than a wait and see approach.

Speaker 3 (08:49):
Now back here, what happened? For goodness sake, they've been
going so well, but manufacturing seems to have hit a wall.

Speaker 11 (08:54):
Yeah, that's right. I mean, we thought we'd turn the corner,
didn't we.

Speaker 8 (08:57):
But yeah.

Speaker 11 (08:58):
The ben Z Business newsum Performance of Men in Affection
report was titled back in the red, so that gives
you a bit of a clue. But after four months
of expansion, we're back in contraction modes. It was forty
seven point five, so that's below the powering of fifty.
It's down from fifty three point three in April. New
orders are contracting employment that have been doing pretty well
February through April, but that's actually back at its lowest

(09:21):
level of activity since July twenty twenty four. And yeah,
the comments always are pretty insightful, Mike and Sidian. A
number of negative comments was fifty eight percent in April.
That's jumped to sixty five percent. Manufacturers that are concerned
about lots of things falling demand, weak orders, low business confidence. Obviously,
we've got economic uncertainty, we've got more techning in the

(09:41):
Middle East there and consumer spending, so this isn't going
to help our economy. I noticed quite a few commentators
saying that, you know, we're going to get the strong
GDP print this week. It could be around point seven
percent in the March core and the RBN central pause.
I think there's a pretty obvious counter argument to that.
This March callter GDP is out of date. Pre Liberation Day,

(10:01):
farmers and tourism. They're doing well, which is fantastic, but
our economy is doing it tough. Ask anyone in retail, construction,
school leavers trying to get an apprenticeship, or anyone trying
to sell anything of value on tradeing things.

Speaker 3 (10:14):
Are pretty tough.

Speaker 11 (10:15):
We probably will get a good gen people this week,
but I still think the case is there for more
rate cuts if anything.

Speaker 3 (10:21):
All right, mate, what are the numbers?

Speaker 11 (10:23):
So the DORET was down one point eight percent on
Friday forty two one nine seven on those events we
see in the Middle East. S and P five hundred
was actually up point four percent for the week, but
down one point one percent on Friday, and there's Deck
down one point three percent, Footy one hundred down point
four percent, Asex two hundred down point two percent, Intertex
fifty we were down point eight percent, twelve five to
five to two. He mentioned safe haven buying. Gold was

(10:45):
doing it as well, up fifty dollars three four three five,
and ounce oil up five dollars up, finished up seven
point three percent, that's seventy three even a barrel. And
the currency markets, the US STYLL was obviously strong, as
you mentioned against the Kiwi sixty point two. Strayan dollar
q is ninety two point seven lower as well, forty
four point three against Stirling down point seven percent, and

(11:06):
the Japanese yen eighty six point seven down a half percent.
So this week plenty going on services data. We've got
consumer confidence here and have a dairy auction. M mobs
got their first called GDP offshore. Obviously the G seven
as you mentioned, some China and US started. But yeah're
gonna be a lot of interest in what the Bank
of Japan does, bankland and of.

Speaker 13 (11:25):
Course the Fed.

Speaker 3 (11:26):
Busy time seed tomorrow. Greg Smith Deman Funds Management cosgy
Ripco near a thirty million dollar profit, very successful company. Ripco.
They double the profit since twenty nineteen. They get one
hundred and twenty eight stores around this beautiful country of ours.
At the moment, revenue gone from three seventy seven back
in twenty nineteen to five hundred and sixty eighty. Profit
increase from fourteen million to twenty nine point seven million.

(11:48):
People love cars, and they love bits that go on
cars and bits that clean cars. Ripco's running with some
of that good news six twenty one here at News
talks eb You come girl.

Speaker 2 (12:00):
I don't mind.

Speaker 1 (12:03):
The Vike Asking Breakfast Full Show podcast on iHeartRadio now
ad By News Talks at Me.

Speaker 3 (12:09):
Yeah, come back to the GDP numbers. Greg's been very
consistent and he deserves credit for it, along with Jared
at Kiey Bank, and he's for a long period of
time said things are worse than we appear to think
and the RB needs to do more. And I'm increasingly
of the view that they are right and the others
are wrong. But let me come back to that. If
you're not watching the Montreal Race, it's not going well

(12:31):
for Liam. He started in the pit, and he started
in the pit because he was at the back of
the field and sometimes when they decide you're at the
back of the field, they throw a new engine and
bits and pieces in the car and they take a
grid penalty. So he started once again from the pit lane.
So that's basically his race done and dusted. Russell got pole,
he took off. Well, it's not representive at the moment.
Norris is leading, but they've started petting. It's a two

(12:52):
stopper and they've started petting. So currently Norris leads, but
Russell was leading and leading relatively well. So potentially for Mercedes,
is going to be a very good day. Well, I'm interested.
Funnily enough, in Montreal, they go there earlier next year.
Last year was a disaster because it rained and it
flooded and it was just as shambles. This year is beautiful,
but earlier. I can get two degrees in Montreal when

(13:15):
they go there next year, which is not conducive to
motor racing, I would have thought. So it's a big call.
It's all part of there. I want to be environmentally conscious.
So they can go to the back of Miami truck
the parts from Miami up to Montreal and do it
earlier next year. So it'll be interesting, very nice town
in Montreal. The moment, clear blue Sky's in twenty five
degrees six twenty five.

Speaker 1 (13:33):
Trending now with Chemist's Warehouse, the real House of vitamins.

Speaker 3 (13:37):
Now, while we're on the subject of sport in the AFL,
as in football across the Tasmans and Kilda, there's a
killder sponsor. He's going viral, very unathletic injury. His name
is nic Harrison. He's doing the coin toss. That's all
he's doing. He's just standing there doing a coin toss.
This is for some kilder in the Western Bulldogs game.
He steps forward to flip the coin. As he steps forward,

(13:58):
he grabs his HEMI limp off. It's been confirmed he
had seriously strained his hamstring and he had to go
to physio for seven weeks. Anyway, Channel seven he ended
up catching up with them yesterday.

Speaker 14 (14:09):
Probably no me to think I could just go out
and toss the coin without any preparation.

Speaker 2 (14:13):
I paid the price. It's a foolish mistake. How long
do you think you're out for. I'm probably going to
miss six or seven tosses.

Speaker 15 (14:19):
I guess it is the first coin toss related injury
this season.

Speaker 3 (14:25):
And you got to watch the video because it's the
most He's not even doing anything and as he literally
flips the coin up, he grabs the hamming weirdest thing.
Speaking of economics, Lucy Ellis is the Westpac Group as
and she comes out of Australia. She happens to be
in the country at the moment, so we thought we'd
tap into some of her expertise. I mean, there is
so much going on in the world at the moment

(14:47):
it makes your headspin. And this is against the backdrop,
of course, of the Prime Minister leading the country to
go to China, have a word with she and then
head on to to NATO. So here's Willis after seven thirty.
But we'll talk some economics after the news, which is next.
Your news talks hed been.

Speaker 2 (15:06):
The setting the agenda and talking the big issues.

Speaker 1 (15:14):
The Mike Hosking breakfast with Bailey's real Estate doing real
estate differently since nineteen seventy three News talks head be.

Speaker 3 (15:21):
You'll raise it with the Prime Minister in about an
hour's time. But the Reserve Bank sees the GDP number
for Q one for this country at zero point four.
So where they got that number from, I've got no
idea in the general consensus from the banks is that
any reading above zero point four, which is what the
banks are telling us, that would increase the risk of
a pause in the easing cycle. So the next time
out from the RB, here's July next month, but West

(15:41):
Pac say zero point seven, as did the B and zaid.
The B and zaid they've got two further cuts coming
from the RB July and August, which would take us
to neutral at two seven five. But once again, especially
given the manufacturing numbers out on Friday, once again the
commentary is starting to run around the words of at
least a couple of cuts, if not more than two cuts,
if not possibly a fifty point it's so anyway more

(16:02):
for the Prime Minister shortly twenty three minutes away from
seven speaking of economics, with another war under way, of course,
are going to keep that in mind. The questions around
the uncertainty of the global economic or the global economy,
increase shipping through the Middle East, the price of oil
as spike. This is against the backdrop of already reduced
growth forecast due to things like tariffs. Now Westpact groups

(16:24):
are Chief economist Lucy Ellis happens to be in the
country with us this morning. Lucy, very good morning to you.

Speaker 15 (16:30):
Good morning, Mike.

Speaker 2 (16:30):
Great to be here.

Speaker 3 (16:31):
Do you materially change your view of the world now
that Iran and Israel are going at it?

Speaker 15 (16:39):
It's not clear that it's a material change to where
we already were, which is an increasing number of regional conflicts.
They're not necessarily spilling out into global conflict. But we've
seen Israel and Iran go at each other a couple
of times. We've got Russia having invaded Ukraine and that's

(17:03):
been going on for quite some time. We've also seen
Iran and Pakistan have to go at each other recently.
So I think where we're going to be seeing more
of these regional conflicts, and that's very worrisome. But I
think they do have a character of staying regional rather
than going global.

Speaker 8 (17:20):
At the moment.

Speaker 15 (17:22):
There are a lot of countries saying we want you
to de escalate, we want you to de escalate. You're
looking at the headlines this morning. It's quite clear Israel
has no intention of just de escalating. It has a
particular objective, which is to remove Iran's nuclear capability, and
it looks like it's going to keep going until that's done.

Speaker 3 (17:43):
Economically, then do you worry more about the tariffs and
what may or may not happen there.

Speaker 15 (17:49):
We've always said at Westpact that what the US had
initially announced was an act of economic self harm. It
was far too self destructive to stand at the level
that were originally announced, and so they were always going
to de escalate. And so you saw the US negotiating
with itself offering a cut and a carve out to

(18:11):
electronics when they realized how much an iPhone was going
to cost in the US if they went through with this.
We've seen this framework deal last week with China where
it does look like, well there will still be significant
tariffs on China in the US, but it's a lot
lower than what was announced initially. China has de escalated

(18:33):
its retaliation. I think the way to think about the
tariffs is this is still going to be something that
imposes harm on the US economy.

Speaker 8 (18:42):
We will still see.

Speaker 15 (18:44):
Trade patterns change to some extent, but other countries aren't
going to escalate. Other countries are not imposing tariffs back
on the US.

Speaker 3 (18:52):
How much work has Elbow got this week as he
heads to Canada, to have a word with Trump given
your situation as a surplus from the American side of
the equation. Hence, you know Donald Trump's sentiment that he's
being ripped off and you've got your steel issues. Is
their business to be done there or we just would
have a clue how Trump runs things.

Speaker 15 (19:12):
At some level, you almost don't want to draw attention
to yourselves. Australia, like New Zealand, has a ten percent tariff,
so you know, you guys, us and the penguins are
all being tariffed at the same level. A ten percent
tariff isn't really going to change minds about how much
to import from Australia and New Zealand, so you know,

(19:34):
this is not going to be particularly damaging to our
economy as a whole. The steel is a problem, but
that has already been the subject of considerable government support.
It's unlikely that we're going to be able to get
a carve out from the US just for steel and aluminium,
and in many respects these are things we can export

(19:55):
to other places.

Speaker 8 (19:57):
You know.

Speaker 15 (19:57):
The commodities that we do tend to export to the US,
things like beef, as does New Zealand, which they're going
to keep importing because we have grain fed beef that
makes back better hamburger patties, or we can direct it elsewhere.
We're certainly selling more beef to China since all this happened.

Speaker 8 (20:19):
And of course there's also services.

Speaker 15 (20:21):
You know, people may not be aware, but Australia had
a seven and a half billion dollar export industry called
software licensing. Things Canvorin, Lassian and wisetech all add up
to almost as much of an export industry as our
wheat exports last year. It's more than bali, it's more
than our aluminium industry. So those things aren't tariffed. And

(20:44):
so I think we need to just focus on the
less damaging parts of our relationship because drawing attention to
ourselves isn't going to help us wise.

Speaker 3 (20:52):
Woods Lusie, appreciate you time very much. Lucy Ellis, who's
the Westpac Group chief economists. Eighteen minutes away from seven
pass games. Aeroplanes seem to be going well. Boeing they
had this thing called a twenty year forecast. How they
work out what they're going to need in twenty years,
I've got no idea, but they do. For commercial airllies.
This is the head of the Paris Air Show, which
is coming up. Forty three thousand, six hundred is the
number they've landed on. Forty three thousand, six hundred new

(21:15):
aeroplanes through to twenty forty four Airbus they've revised up
their demand to forty three thousand, four hundred and twenty.
That'll be thirty three thousand, three hundred single aisle aeroplanes.
That's seven three sevens, seventy eight hundred wide bodies, nine
hundred and fifty five factory built freighters, in fifteen hundred
and forty five regional jets. So it seems that despite
everything that's going on in the world, people love to fly.

(21:38):
People love the holiday, and for that you need a plane.
Seventeen to two.

Speaker 1 (21:42):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks by.

Speaker 3 (21:49):
A Credit where credits due to Jared Kerr at Kiwibank.
We maintain a sense of optimism for twenty twenty six.
You notice the change of narrative. They're not just from Jared,
but from everybody. This was like here in the middle
of June, things were supposed to be coming right. Led
a part of twenty five we're going to be moving.
Doesn't mean to say that we're not, but it looks
increasingly dark. So now he's talking about twenty twenty six,

(22:10):
so he says we need more. We need another seventy
five points from the Central Bank, but anyway more with
the Prime Minister.

Speaker 16 (22:17):
Shortly fourteen two international correspondence with endsit Eye insurance, peace
of mind for New Zealand business.

Speaker 10 (22:23):
If I would know, very good morning, good morning mine.

Speaker 3 (22:26):
All right, So what does the US do about this?
If anything? Iran Israel we speak of, of.

Speaker 7 (22:29):
Course, Well, Trump is injecting himself into talk about all
of this as the Israel Iran conflict deepens, both sides
launching daylight attacks today. In a telephone interview with American
ABC a short time ago, Trump saying the US is
not involved in Israel's military strikes, but then he added,
it is possible we could get involved.

Speaker 3 (22:49):
So sit with that for a moment.

Speaker 7 (22:50):
Iran already is asserting that the US is playing a
direct part, even as Michael Rubio, the Secretary of State
here says.

Speaker 8 (22:56):
It is not.

Speaker 7 (22:57):
And at the same time, Trump was quoted this grabbing
the initial Israeli strike as excellent, even a bit reports
that the US vetoed in Israeli plan to assassinate Iran
supremely dent Laotola Ali Kameni. On social media. Trump also
added this quote, If we are attacked in any way,
shape or formed by Iran, the full strength and weight
of the US armed forces will come down on you

(23:19):
at levels never seen before. Trump also is praising his
latest call with Russia's Putin, who offered himself as a
beast baker beast baker wow h no comment really. A
Washington human rights group talies at least four hundred and
six Iranians killed and six hundred and fifty four wounded.
Israel has struck an aerial refueling plane in eastern Iran today.

(23:42):
That's its longest range attacks so far, and says fourteen
nuclear officials have been killed in their attacks. Israel's ambassador
here and Michael Lighter, says his country's iron dome its
defenses are not catching everything.

Speaker 4 (23:55):
There's about ten to fifteen percent of these ballistic missiles
that get through sustained significant attacks.

Speaker 13 (24:02):
Last night, we have.

Speaker 3 (24:03):
Over ten fatalities and one hundreds wounded.

Speaker 7 (24:06):
Yeah, up to fifteen percent of Iranian strikes heading through
that is a lot, isn't it. He claims that Israel
can set back around's nuclear program by many years, But
one lingering question always is four doh the underground site
that Iran has built in recent times, a site that
can only be destroyed by American bunker busting bombs if

(24:27):
the US approves that.

Speaker 13 (24:28):
So what next?

Speaker 7 (24:29):
Israel is foreshadowing weeks of attacks, showing yet again starting
the wars straightforward, ending one way more difficult.

Speaker 3 (24:37):
Indeed, where are we at in Minnesota? Well, not too far.

Speaker 7 (24:41):
The search is widened for this individual from Minnesota, fifty
seven year old Vance Belta, who is wanted as the
alleged to sassion of a state politician and her husband
shot dead in their own home. You know, they used
to talk about Minnesota nice. That was a cliche the
courtesy of Minnesotan's where the police used to put their
home addresses on their web pages. I don't think they

(25:01):
want to do that anymore.

Speaker 11 (25:03):
Now.

Speaker 7 (25:03):
Former Speaker Melissa Hortman has been shot dead along with
her husband Mark, and at another home, a state senator
and his wife also have been shot multiple times are
in critical condition, just hanging ins. As a friend of
the Democratic Senator Amy Klovesha, who was especially close to
Melissa Hortman, whom she knew as a mum of young
children before she went into politics.

Speaker 17 (25:24):
I got to know her then, and I saw how
she door knocked and knew practically every person in her district.
She was able to juggle being a Sunday school teacher,
being a Girl Scout leader, training service dogs for veterans.

Speaker 10 (25:39):
They were able to.

Speaker 17 (25:40):
Juggle it all, and maybe that's what helped her be
this incredible legislator who worked her way up to Speaker
of the House, who helped lead the efforts to pass
this incredible work on paid family leave, where Minnesota is
on the map in such a big way to help people,
or free school lunch.

Speaker 7 (26:00):
The police confronted the suspect at the home of the
other victims, but he got away, and now they say,
don't approach him if he's seen. He left in his
car papers listing some seventy other potential targets along with
anti abortion materials. All this overshadowed the big Trump Parade Day,
which was well a dud. It rained on the Trump
military parade. Literally, the crowd was tiny, low energy, as

(26:23):
Trump might say. The front of the Lincoln Monument looked
like a local football game, not much more than that.
Many seats along the seventy four million dollar parade route
were empty. Trump looked pretty unhappy. Meantime. Some five million
people are estimated to have taken part in anti Trump
protests in twenty one hundred cities across the land, including
big crowds in Idaho and Texas, Red States, one hundred

(26:44):
thousand in Philadelphia, seventy five thousand in Chicago and in LA.

Speaker 15 (26:51):
And unlike there were sixty six hundred troops in Washington, DC.

Speaker 5 (26:57):
No one was ordered to be here, No rue.

Speaker 18 (27:04):
Was paid to be here.

Speaker 7 (27:06):
Yeah, that's been the Trump claim, and Trump himself seems
to be backing down from ice agents supporting undocumented farm
workers and restaurant workers. Those businesses are telling Trump now
they actually need those folks, many of whom have worked
in the kitchens and fields for decades.

Speaker 3 (27:20):
See Wednesday Richard Arnold State Side nine to seven.

Speaker 2 (27:24):
The Mic Hosking Breakfast with the Defender, octur News Togs.

Speaker 3 (27:27):
Dead b jumped with the one forty one laps of
seventy gone. Everyone's petted it'll be a two stopper Lawcense
currently at the back of the field, but that doesn't
mean anything because he's only just put because they sent
him out on hard so that he could stay out
there longer. Russell is back in the lead by a
reasonable margin, so sure of the safety Carrot's probably his
to lose five minutes away from seven.

Speaker 2 (27:50):
The ins and the outs.

Speaker 1 (27:51):
It's the fizz with business fiber take your business productivity
to the next levels.

Speaker 3 (27:56):
It's wire costs in the old grocery department. This is
the food stuff. The Infometric's grosses supplier index average increase
of two percent, so that's the third month in a
row of two percent increases. To get an average, though,
you need your ups and overs unders novers. Month on month,
we had twenty nine hundred products that increased in cost
to of those, seventeen percent increased by twenty percent or more.

(28:18):
You've got three main categories. You got chilled, bakery, and bulk.
Therely three categories highest increases. A lot of that impact
came from the first two categories. At your butter, your cheese,
your yoga. Commodity price Index is part of the report
shows the world commodity prices were up fifteen percent that's
in May alone. Dairies up twenty two percent for the year,
which is now sixty three percent higher than the start

(28:41):
of twenty nineteen, meets up sixteen harts up eight point
six All of that for New Zealand Inc. In selling
to the world's fantastic for a person with a trolley
wandering down Aisle six. Not so flash. Our import costs
will be felt by the consumer as well. Overall food
and beverage costs are eight percent higher in the March
quarter compared with last year. Vigia court prices are up
seven point two percent. But then I always argue it's

(29:03):
your inflation, isn't it. I mean, are you buy why
are you buying vegetables imported? So and vegetables that are
imported are up and you look at that and go, geez,
that's that California orange is a bit expensive. Maybe you
don't buy it. Therefore your cost of living doesn't go
off as much, so you know you can do a
bit about it, is what I'm saying, if you really
want to. Now there's business of body cameras for the police.
Are we behind the eight ball on this? I mean,

(29:24):
if people in supermarkets can do it why are the
police wandering around without body cameras and why has it
taking us this long to get this far? Minister or
police with us directly after the news, which is next
You're at newstalk s head be.

Speaker 1 (29:39):
The breakfast show, Kiwi's Trust to Stay in the Know,
the Mic Hosking breakfast with our Veta Retirement Communities, Life
Your Way News Talks head by.

Speaker 3 (29:49):
Seven past seven. So works underway to get our police
force equipped with body cameras. They're looking to do options
over the next year. Apparently the Police Minister Mark Mitchell
with us this Monday morning morning Mate, good morning. Why
is this a political decision an operational decision or both?

Speaker 19 (30:03):
No, it is an operational decision. And on the appointment
of the new Commissioner, he was very clear that he
wanted to get feedback from the front line and start
looking at body cameras straight away.

Speaker 8 (30:13):
And that's what he's doing.

Speaker 3 (30:14):
And when we talk about options like, I mean, you
either do it or you don't. Doesn't it I mean
or are there are lots of options out there?

Speaker 19 (30:19):
Oh, there might be different technical options out there. I mean,
we love as a government, we love technology. Last time
we're in government We've had a huge investment into technology
for our frontline police officers to allow them to get
out of the stations more and do more work out
on the street. That was very effective. But they'll have
to look at the different technology options.

Speaker 3 (30:38):
Are we a bit late to the party on this?
Shouldn't our cops already have it in twenty twenty five?

Speaker 19 (30:42):
Well, it is an operational decision. I personally like the
body cameras, but it is an operational decision for police.
But you know, the commissioner obviously, the incoming commissioner said
that he had obviously big focus on this. It's one
of the first things he spoke about. And so we'll
wait and see what happens they do in a review
now in terms of what best options are.

Speaker 3 (31:01):
Is it preventative? And the reason I asked that in
supermarkets we've seen it as preventative, but I mean some
of the stuff that the police would deal with is
a lot more elevated than you know, an outgrow robber
and supermarket is it Will it actually make that much difference?

Speaker 2 (31:15):
Well, I think it will.

Speaker 19 (31:16):
I think yes, it's been quite successful in the supermarkets
because people see a camera there and they realize their
behavior has been captured and it's hard to argue with
what's or try and rewrite history when it's actually been recorded.

Speaker 14 (31:28):
I like you.

Speaker 19 (31:29):
I mean, I was still into a young consport was
assaulted in the Auckland CBD, you know, just to cowards
punch someone that'd come out drunk from the pub and
and that sort of stuff when it's recorded as compelling
evidence when it's put in front of court.

Speaker 3 (31:41):
I guess, so you got a timeline on this other
than sometime this year or next year.

Speaker 19 (31:47):
That so the Commissioner I think, is indicated they're going
to take twelve months to work through it. So yeah,
it'll be it's more likely to be next year.

Speaker 3 (31:55):
While I've got you on this discretion thing and you're
typing and you're swimming and all of that. Have we
got to the bottom. Has this been sorted once and
for all or not?

Speaker 2 (32:02):
Yes, we have.

Speaker 19 (32:03):
So the Commissioner has come out clearly and stated that
there will be no discretion around standards in terms of
the recruiting process. We fully completely support that. Back under
the previous company, I was opposition. I raised this through
Select Committee and I said I do not like the
fact that you're looking at dropping standards in a service
and agency like the police, standards are extremely important and

(32:27):
must be maintained. So I was very happy to see
the commissioner come out and be unequivocal about.

Speaker 3 (32:32):
That good stuff. Appreciate it. Mark Mitchell back Wednesday on
the program. Of course the police minister name and it's
past seven right, the strikes continue. Is Israel in Iran exchange?
Find that nyah who says the attack so far and
nothing compared with what is coming. Gideon Levy is the
journalist analysts with us from Tel Abeed. Gideon, morning to you,
Good morning to you. From all I've been able to
read over the weekend, the sense is this is a

(32:53):
fourteen day campaign with raging change in mind. Is that
fair or not?

Speaker 12 (33:00):
It is fair, except of the limit of fourteen days,
it might be thought it might be four hundreds. You
know how it starts, you don't know how it will end.
Iran can take it for a long time Israel less,
but it might take I don't see right now, how

(33:20):
do we end it?

Speaker 3 (33:22):
No, well, I was going to ask about that. In
general terms, the iron Dome seems to have worked to
a degree. The parts that haven't, how difficult. Has it
been over the weekend?

Speaker 12 (33:33):
It was, including today, including yesterday. It is tough. It's
maybe the toughest to take over Israel of a civilian
Israel ever. But for the short term it is bearable.
What is unbearable if it will go on like this

(33:53):
for months?

Speaker 3 (33:55):
Does anybody know?

Speaker 12 (33:56):
Though everybody knows it. First of all, I can't not
to mention the fact that whatever we are going through
now is nothing compared to what the people of Gaza
went through in the last twenty months. Let's just put
it in our mind that what we are doing now

(34:18):
it's really a summer camp relatively to what they are
going through. But in any case, it is tough. It's
very tough, and I'm not sure that it's very societic
and handle it over a long period of time.

Speaker 3 (34:30):
Yeah, how stretched is Israel by the time you deal
with Gaza and Iran and on the Gaza front, the
international community, the patients was worrying pretty thain. How stritched
does Israel at the moment.

Speaker 8 (34:43):
It is?

Speaker 12 (34:45):
It's the question is if you mean it militarily military
oa I think is where can handle it? Because in
Iran it's mainly almost only the air Force, so troops
are not on the growth, and the main force of
Israel is still in Gaza and continues to be and

(35:07):
continue to kill and continue to destruct on a daily
basis without any purpose. The problem is the society, the
civil society. We are now quite paralyzed. I mean nothing
is working, schools are not working, people at home. This
is very nice for a short period of time. It

(35:29):
will not be accepted here for a very long time.
The airports are closed. There's no way to get out
of Israel right now, no way to get into Israel.
Those are not normal realities and they cannot last for long.

Speaker 3 (35:43):
Gidean, appreciate your time. Will stay in touch. Gibey and
Gideon Levy, who is an Israeli journalist, they had the
by the confidence I told you about last week. He
needed sixty one to get there and he got the
sixty one just I'm also reading out of the weekend.
Interestingly enough, Hamas have got some major leadership vacuum. Basically
all the Sinewars have been killed, and so this war

(36:03):
council that runs the place very secret, generally don't meet physically.
A lot of it's done over walky talkie, so it
can't be tracked or traced. But they've had been so
effective the Israelis and getting the leadership Hermasa stretched at
the moment themselves to the whole place, of course, is
a complete enoughing mess. Back home thirteen past seven Passki

(36:25):
government's made I don't know enough about the soul. I
need to bring myself up to speed. But this plus
six plus or minus six percent versus plus a minus
ten percent solar powers what we're talking about. Government made
the announcement over the weekend. So if you've got sola
and this moves me personally closer to getting solar, I'm
sort of interested in this now. And you export some
of it to the grid, and you were limited up

(36:47):
until now the plus or minus six percent, they're going
to change that to plus a minus ten percent. In
other words, it's like a tap or a hose. You
can export more of it. Therefore it makes it more affordable.
Therefore it makes it more appealing. Therefore, you know, the
whole thing becomes a tipping point. So we'll talk about
that with the Prime Minister when he joins us in
the studio in about twenty minutes fourteen past the.

Speaker 1 (37:06):
Mic asking breakfast full show podcast on iHeartRadio powered by
News Talks a B.

Speaker 3 (37:12):
Bad news from F one. Lilliams out power unit problem,
which is unfortunately giving. Most of the power unit was
brand new, hence he started from the pit. But because
it's brand new, I assume it's under warranty and they
can take it back and get a new.

Speaker 8 (37:22):
One or not.

Speaker 3 (37:24):
Seventeen past seven get another tweak to tourism. This time
we've got a visa waive, a trial scheme for Chinese
tourists if they're traveling through Australia. So Aaron Hunter's lawyer
at McVeigh Fleming who specialized in immigration law, Aaron, morning to.

Speaker 18 (37:35):
You, Good morning Mike.

Speaker 3 (37:37):
Does this work? Is this a game changer or a
tweak or what?

Speaker 8 (37:41):
I think?

Speaker 18 (37:41):
It's probably somewhere in between. It basically means those have
been through the Australian process or Australia have trusted with
a visit of visa or a student visa or a
week visa or a patch of visa. They can either
come to cy and as part of their hobbidays, or
if they're based on Australia, come across here as a
base of their hobbidays.

Speaker 3 (37:56):
Okay, so yes, you would do the paperwork if you
were going to be a student or working there. I
get that part. Would you do the paperwork if only
you're a tourist and then go, well, since I've done Australia,
I'll flip through to New Zealand or not, or we
don't know.

Speaker 18 (38:11):
I think it's we don't know. I think you're probably
going to have some sort of stats to those who
will come to Australia and go, wow, these Zeland's just
that nearby. We'll get better try as well, probably just
for the sake of the small mant of costs for US,
Australia or done the league work for us. Effectively, it
gives them another chance to bring the more tourists.

Speaker 3 (38:29):
Because what I is the Australian If I'm filling out
of visa for Australia as a tourist, is it as
arduous as it is or has been for New Zealand?

Speaker 18 (38:37):
Probably slightly more so. Well, immigration New Zealand are actually
reasonably nice when it comes to dealing with applications, Australia
not so much. A bit more hardlined. So I can
get on Australian visa and I think we can pretty
much trust that these people have been vetted quite quite well.

Speaker 3 (38:50):
Okay, So because part of this whole discussion is the
impediment that that is to us boosting our tourism numbers
back to what they were, are we doing the thing
in other words, you know, instead of just saying welcome,
please come, and you know the PaperWorks required in other words,
because of they're Chinese.

Speaker 18 (39:07):
I think it's part of the what one good step,
it's what one if many steps of bringing the Chinese
market backs in New Zealand that of course lacks and
going to China marketing all those sorts of areas. It
just takes about one less area that are currently in place.

Speaker 3 (39:21):
See they're traveling I know for a within the region
the Chinese, this is within their region, and I know
they're going to Europe. Do those countries make the paperwork
as arduous as we do, or we do we need
to do something different?

Speaker 18 (39:36):
Oh, I think perhaps we could be a bit less
hardline than some of the applications. Definitely not have an
open border at all. An ecta to or China would
be a high risk of those other staying. But perhaps
seeing some point somewhere in between, we have removed a
lot of the requirements of translations. They think that those
are quite check to get done in China. There perhaps
needs to be a softening a little bit to the

(39:59):
general visit of EISA.

Speaker 3 (40:00):
I'd tend to agree, Aaron ppreciate your expertise, Aaron Hunt,
who's an immigration lawyer. We've talked to Luck numerous times
about this, so at least they're slowly but surely getting there.
Seven twenty.

Speaker 1 (40:11):
The Mic Asking Breakfast Full Show podcast on iHeartRadio power
by News Talks EB.

Speaker 3 (40:19):
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from about Healthsking seven twenty four. By the way, ten

(41:23):
to twenty percent increase they argue ten to twenty percent
increase in the number of Chinese tourists as a result
of that move. So let's hope that comes to pass now.
As much as we tried to celebrate last week's excellent
economic numbers, the food and the fire of the blishness
of the field, Daisy boost an elective surgery, the boom
and teacher numbers, and many of those will continue to
be a good news story. What you can't ignore is,
sadly are the manufacturing read for April it hit a

(41:45):
brick wall it fell over six points. It is below
the fifty point expansion remark. Now, now, a couple of
key things about that. While services and sentiment and spending
figures have been bad, manufacturing four months now has been
on the increase each and every month it has been
above fifty. It has been growing. It has been a
significant green shoot in the overall economic picture. Other thing

(42:07):
is employment. This is a subcategory that had its biggest
reversal in the history of the index. What makes us worse?
For those of you going, oh, that'll be Trump, the
experts don't think so. It's April, remember so Liberation Day
hadn't come to pass yet. So the big question is
how much of it is the world? Remember the world
and the World Bank last week reduced global growth all

(42:28):
over the place, versus how much of it is us?
Has New Zealand Inc? Hit a tough spot for trainspotters.
It was suggested fairly far and White at the time
that April and may seem to be a little bit
of an issue, and all that momentum that we felt
we had at the start of the year had suddenly
run out of puff. Well, these numbers would tend to
suggest that vibe was real. Ironically, this week we get
the GDP figures four Q one, which is Jan Fabrom March,

(42:51):
and the broad consensus is that we will see good growth.
They think it's about zero point seven for the quarter.
If you add and you will annualize that out, gives
your number very close to three, which anyone would take
in this troubled and turbulent will. But we can't annualize
it out, not with manufacturing numbers like this. It might
be short term. It may involve the Reserve Bank, and
that idea that they had that the things were but

(43:12):
you know, neutral and therefore not needing a g up
may well be hopelessly wrong. Politically, of course, it's a
hole in the head. The government don't need, because it's
not like they aren't peddling fast. But when one of
your major economic reads that was good now isn't doesn't
take an economics degree to recognize a bid, big fat
red flag hosking. Just to wrap up this formula one,

(43:37):
which is coming to a culmination in four laps, Antonelli
will get a podium if he holds out Piastree. Piastre's
got Norris Upper's tailpipe at the moment, so Papya rules
will be coming into play, so while they battle it out,
Antonelli might be praying that they keep battling it out,
and therefore he ends up third, which is a podium
for a very young and successful driver, which is fantastic

(43:59):
for Staple behind Russell who got pole in the first place.
So that's a win for Mercedes. As we've already told you,
Liam has gone nowhere because his car blew up. Had
you got a three place penalty, so he's gone nowhere.
So Noda is useless, so he's in thirteenth, So there's
no points there for red Bull. So if it wasn't
for the staff and who's probably fed up with the
whole place anyway, and off somewhere next year, red bullar'd

(44:21):
be having a bad weekend. So that's where we're at
with the F one. The Prime Minister is in the
studio after the news, which is next to us talk
past forever.

Speaker 2 (44:30):
So here is to get there. Then there's the om
we could dazz we can dance on that.

Speaker 1 (44:38):
It's your source of freaking news, challenging opinion and honored backs.
The Mike Husking Breakfast were the Defender Doctor, the most
powerful defender ever made and news togs Head been.

Speaker 3 (44:49):
The prim Mint's way to late Prime Minister is well
us ahead of his departure to China. Good morning to you,
So just quickly tick the boxes. So China, you want specifically,
what if any.

Speaker 13 (45:00):
I want to broaden out the trade relationship and that
focus particularly on red meat, tourism and education. Otherwise you know,
primary industries going gangbusters, tourisms actually coming right across the country,
but we've got challenges in China and Australia to get
those numbers back. So a big focus on those two things.

Speaker 3 (45:15):
How delicate is the dance given all that's happening in
the Indo Pacific and the Americans.

Speaker 13 (45:19):
Yeah, look, I mean you know, as I've talked to
present Premier le and prison She before, Yeah, there's huge
areas of cooperation and this relationship is important one long standing, vital,
all that good stuff mature. But also we do have
differences and we raise them and so we'll talk about
those differences and eviably around different issues in the region
and around the world. Trench.

Speaker 3 (45:36):
So it's a large delegation that goes Will deals be signed? Yeah?

Speaker 13 (45:39):
Absolutely, you know there's some good work that's been going
on in advance. You've seen us announced yesterday around some
visa changes to make that those Chinese visits in Australia
much easier to come over to New Zealand. So there's
there'll be a series of eleven or twelve announcements.

Speaker 3 (45:51):
Did I all dare I sueduce that it was several
months ago? I did raise the Chinese situation with you
and that we might want to be a little more
friendly towards the visa application. You know, you are such
the oracle, the oracle of Walkld or whatever. I'm just
I'm just practical, and I'm just wondering why it takes.

Speaker 13 (46:07):
You so long to do that sort of because and
then so if you think about the package we announced yesterday,
we're saying, look, we don't want to have you get
your translation of your form certified, which is what was
happening before. We've got some dedicated support going to travel
agents up there. We're simplifying the web sort of stuff
that is needed. But most important, we're saying, look, there's
a hell of a lot of Chinese visitors that come
from Australia. They do both countries at the same time.

(46:29):
Why would we put them through a whole process. Again,
if it's good enough for Australia, like we saw in
the Cricket World Cup when I was actually in New Zealand,
that was a that was the first time we did
that joint sort of transitatsment, sort of visa type approach.
So look, it's just common sense, right, and it's about
packaging it up, getting it done and with there's more
stuff to do, will continue to do in Europe anything
tangible or not. Two things really, one is to sort

(46:49):
of reinforce the trade side. You know, we've had a
billion dollars extra of exports to the EU since the
FTA came into effect last year. It's up twenty eight percent.
Our expert is on a good job. So it's about
bilateral speed dating with all these leaders in one place.
And then also as part of the IP four which
is the end of Pacific for Japan career austraight to

(47:10):
New Zealand, it's about understanding insights from Europe Atlantic region
and the relevancy to Indo Pacific and how that deals
with that. So on defense and security bits as well.

Speaker 3 (47:20):
We need all of that because the manufacturing read that
came out on Friday has now gone backwards of all
the things that was going well, and last week was
a good week I thought for the country for all
sorts of reasons. But the manufacturing has been expanding now
it isn't.

Speaker 13 (47:35):
Why not, Well, it's been spluttering as a way I've
described it to our guys, but.

Speaker 3 (47:39):
It's at least been expansionary. Yeah, it has been.

Speaker 13 (47:42):
But I think things like Investment boost will help a lot,
you know, as people start to think about tipping capital, plant,
capital equipment into the manufacturing or advanced manufacturing that's going
on across the country. That's been well received. Actually up
and down the country. I've been into a lot of
small manufacturing businesses who planned to buy a different machinery
that off is much more productive than what they've got,
So let's hope that that works really well. And then

(48:04):
continuing to expand market access. So that's sort of two
things we can do for them.

Speaker 3 (48:07):
Okay, twenty seven thousand people more are on a benefit
in May. That once again is not a good read
for the economy. What's happening.

Speaker 13 (48:14):
No, that's not good in terms of well we've really
dealt with We're trying to get spending under control, which
gets inflation down, gets interest rates down, gets economy growing.

Speaker 3 (48:23):
That's good.

Speaker 13 (48:24):
But the last but the leaf as the unemployment.

Speaker 3 (48:26):
But that part fell apart. So your theory was you've
got your spending under control to a degree, inflation is
down to a degree, were at this point now stuck. Well, no,
we've run out of part. I can't see whether the
economy is growing outside of deary and for it, you know,
all that stuff we talked about last week. We now
appear to be that theory that April May was a problem,
but hang on, the latter part of twenty five will

(48:48):
be fine. Doesn't seem much real as it once did.

Speaker 13 (48:51):
Yeah, I mean we always knew unemployments the last, but
that has to come right after those first four bits.
And so yeah, we've been forecasting that it will peak
in the middle of the year and then start to
trend down on the back half of the year, which
is as the economy continues to grow. But like just
say to you, look it is going game buses. You know,
you come out of the primary industries and you look
at you know, double digit growth our set. It's been amazing.

(49:13):
Tourism is coming back. Yes, we're pulling up the Australia
and the Chinese numbers. That's what this is about.

Speaker 3 (49:17):
Is it really coming back at eighty six percent? Eighty
six percent? Stuck at eighty six percent.

Speaker 13 (49:22):
But what I mean is that we've got you know,
we've got growth in the American market, the Indian market,
and tourism. Yes, Australia and China are the two that
we're working, but even the Australians starting to move forward.
China's a big chance. This week it's been at sixty percent,
so we've really got to step that up. And then
I think, you know, things like the investment boost, you know,
and low inflation, lower interest rates, all of that is
going to encourage people oftenly to invest. Yes, there's uncertainty

(49:44):
in the world and that's been a bit of a
concern for people in April with the tariff announcements, but
you know, post the budget at the end of May,
I think, you know, we've got some things that actually
catalyze that growth.

Speaker 3 (49:53):
Do the Reserve Bank need and I know they're independent,
I get all that, but do the Reserve Bank need
to do some more if we're stuck in the middle
of the year, do they need to do some more
than because they're sitting there going, oh, we're in the band,
We're okay, Well, I mean we're not.

Speaker 13 (50:07):
Yeah, Well, we'll inflations in the band. They will bounce
around a bit, but it's got to stay under three percent,
which is where it needs to be, and they'll make
that assessment as to whether there's further rate cuts to come.
I mean, you know, we should be keep you doing
everything we can to keep it down with pressure on rates,
and that'll be their call.

Speaker 3 (50:23):
Okay, two things I learned last week. One was the
public service. You've only cut two thousand people. For all
that noise of you hoeing through the public service, you've
lost two thousand people out of sixty four thousand.

Speaker 13 (50:36):
Yeah, so you're doing a couple of things there. One is,
if the trend had continued, you'd have eight thousand more.
So we've actually stopped that, and we've actually stopped that,
we've pulled it back. There's a net two thousand you're right,
that have come out of the system. But the bigger issue,
which is what we've talked about, is actually taking the
resources we've got and making sure it's damn well focused
on the frontline and also delivering better outcomes. So if

(50:57):
you want to go high seven hundred more corrections officers
what we've done. If you want to go hire more
ird folks to go after tax avoidance, which we know
there's huge return there, then that's a good thing. Ots
have problems in the youth justice facilities, so we've put
more resources into that. So when we've been saying we're
investing in frontline services to focus on delivering outcomes, that's
where that's So it's a bit of shuffling of back

(51:19):
office to front.

Speaker 3 (51:20):
So you would defend at two thousand is fined as
long as the efficiency is better. In the efficiency more
to do.

Speaker 13 (51:24):
But the way to get the performance right and to
get the organization's right size is to focus them very
clearly on what they have to deliver. And they should
be large service organizations that think of the public of
New Zealand as customers and they should be crystal clear.
If you look at what Simeon's done on healthcare, we're
really cranking in to say we want outcomes and results
and I'm going to lead you into that.

Speaker 3 (51:44):
Well, that was the other thing I learned last week,
and I don't know why I didn't know, but we
had a surgeon on who is this public private thing?
And you're putting, you know, a lot more Operation nine
thousand six brilliant, And I'm thinking, what's theo? I'm asking
this guy, what's the ideological problem that people have? We're
putting you know who cares? We and that's fine. I said, well,
what's going wrong in health? He says, well, anything that
looks like it's going past four o'clock operationally in the

(52:06):
gets pulled. Did you realize that they're looking at is
this operation going past four o'clock?

Speaker 8 (52:11):
Is it?

Speaker 3 (52:12):
We'll probably delay that till tomorrow. What's that about? Well,
I don't know.

Speaker 13 (52:15):
I mean, I don't know how they organized their schedules.

Speaker 3 (52:17):
I thought a lot of doctors did.

Speaker 13 (52:18):
Everything in the morning and did their rounds in the
afternoon to check on how this doesn't concern you if
that's true, Well, what concerns me is just that you've
had a twin yellop when Labour came to power. And
they don't want me bashing up on the other guys.
But there was a thousand people that were waiting for
elective surgeries. Now that when we came to power, this
twenty seven thousand, So it got worse right by twenty seven,
and then you get this ideological conversation about, oh, you

(52:38):
can't use resource that's sitting there in the private hospital system. Well,
the private hospital system is very efficient at doing knees
and hips and cataracts and hernias and all that stuff.
So Simeon very coming on as new minister, I said, right,
I'm going to do I think you know, nine thousand,
six hundred extra elective surgeries. He's done ninety percent of
it in the private hospital system. And why wouldn't we
use that capacy Because when you're lying on your bed

(52:59):
looking up at the ceiling an't really key. But they've
got done in private.

Speaker 3 (53:02):
We pay for it anyway. Imagine how many more you
could do if the public health system didn't start wrapping
up at four o'clock.

Speaker 13 (53:07):
Well that may be true, So I'm sure if that's true,
we'll find.

Speaker 2 (53:11):
Out about it.

Speaker 3 (53:11):
Other thing was my tech guy was round at my
house on Friday fixing some stuff. They restart Mike and
any screen of death was it, And and he said
to me, he said, why do we still have ten
days sickly? And I thought that's quite a good question.
Why do we have ten days sick leave?

Speaker 13 (53:27):
Yeah, well there's some changes coming through on workplace relations, So.

Speaker 3 (53:31):
We had five sick days until just decided we needed
ten correct for COVID. COVID is now, can we agree
that it's gone? Yes, and dere we might need to
do something about sickly. We might need to might need
to do things about pro rataing sick leave as well,
because you know, people who were on part time contracts
are getting full time ten day equivalency. So Broke van

(53:51):
Velden's working through some of those. When are we getting
an announcement on that? I can't do this to me
every frequent. I'm sorry to hold you to account myer apologies.
I just thought you were running the place. There will be.

Speaker 13 (54:04):
I just can't remember the date off the top of
my head.

Speaker 3 (54:06):
So an announcement, but I know it's sick leave is
coming from Brooklyn, There'll be.

Speaker 13 (54:10):
There was a whole bunch of workplace relations stuff as
you've started to see, there's also stuff on health and
safety and in the mix and there is like yeah,
sick leave and stuff.

Speaker 3 (54:18):
Yeah, fantastic, have a good trip to China. Will are
you going to join us next week?

Speaker 13 (54:21):
You know, I am so committed. I'll be there at
one am in the morning.

Speaker 3 (54:25):
With me and I think will be this time next week.
Will think I'll be in Belgium there you're going. I'll
be it's teen to nine at night. You'll be just
going out for a little a pair of teeth. You'll
be able to go as the corn, no worries at all.

Speaker 13 (54:37):
Yeah, that's this commitment from me.

Speaker 3 (54:39):
All right, I'll be here. You'll get on. Nice to
see your Prime Minister. Christopher Luxan thirteen to two.

Speaker 1 (54:45):
The Vike Asking Breakfast Full Show podcast on iHeartRadio now
by news.

Speaker 8 (54:50):
Talks it be.

Speaker 3 (54:51):
It is ten minutes away from eight. By the way,
I didn't raise it with him because I didn't have time,
but it's well worth reading if you've got time. On
the news room website. It's an article about Neil Quiggley. Now,
Neil Quiggley, among other things, as the chairman of the
Reserve Bank Board, and Neil Quigley has not really held
himself to the highest standing as regards his relationship with

(55:13):
the media and therefore the public and his relationship of
course with Adrian or in releasing the paperwork that he
did last week on the resignation of war. He basically
said one thing and what turned out to be something
completely different. Anyway, this article deep dives into who quickly is,
who knew him, who doesn't really like him, and whether

(55:34):
or not he should continue to be the chairman of
the board. Another good piece also, by the way, this
is just the weekend reading. I was doing another very
good piece by a guy called Rod McNaughton, and this
is well worth reading and well worth understanding. It's under
the headline New Zealand's economy is not underperforming by accident,
and it's a whole bunch of stuff I didn't know
about New Zealand's economy and why we're not doing as

(55:55):
well as we should be could be, and some of
the countries that we would compare our to do, some
of these Scandinavian countries. They talk about the New Zealand
productivity challenge, where we can improve, why we're not improving,
how long this has been going on for, and how
nothing will improve unless we fairly dramatically change the way
we do things in this country. And it quotes the
IMF and all sorts of interesting people. So a couple

(56:18):
of good things, but the more important one is New
Zealand's economy is not underperforming by accident. Other thing I
didn't know, by the way, and he was referring to
it amanago the Prime Minister. Is Mitchell's going to be
I said Mitchell's back on Wednesday in the years. But
Mitchell's going to be in China. Now why is in
what capacity he's in China. We're trying to work out
because he's Minister of Sport and he's Minister of Emergency Management,
he's Minister of Police, and I can't work out how

(56:38):
a trade deal gets him there. But be that as
it may. He'll be there at about four o'clock in
the morning in China for us, so we appreciate that effort.

Speaker 1 (56:47):
Eight away from eight the make Hosking Breakfast with Bailey's
Real Estate News Dogs.

Speaker 3 (56:52):
Dead be if you missed it all Russell, Gods, Victory, George.
So Mercedes are in the Hunt. So that means occasionally
Ferrari the Hunt, Mercedes are in the Hunt. McLaren's in
the hunt, Max's occasionally. So it makes it an exciting season.
So that's the good part of it. Antonelli got his
first podium, so that's very exciting for him. The talking
point out of this thing is going to be what's

(57:12):
called the Papaya rules, which is the McLaren race team,
and they were warned about this throughout the season, and
indeed it started last season. And when you have two
good drivers and you don't name one driver as a
number one driver, you have problems because they both got
egos and they both want to win. And what was
happening in this race a couple of moments ago in
Montreal is Norris was up the tail pipe of Piastre

(57:34):
and Norris got impatient and I'm assuming I didn't hear
the team radio, but the team radio almost certainly will
be problematic, and they didn't offer clear instructions, and so
Norris goes to tryin over's at this with half a
dozen laps to go, Norris tries to Overtakestre. Piastre is,
because he's a stone cold killer, is having none of this.
So the next thing you know, Norris is in the
wall and that's the end of his race. It's the

(57:58):
end of McLaren's points and there'll just be fury, opprobrium, ropability, fireworks, knives,
guns at dawn and they'll have to sort something up.
And it's not like they weren't told to sort it
out last year, and it's not like they weren't told
to sort it out at the beginning of this year.
They said, at some point in the season, these two

(58:19):
are going to clash and when they do, points are
at stake, and as a team for the constructors, which
is where all the money is an F one, you
don't want to have this problem, Zach Brown. Until they
ran into each other, and Norris, who will be in
tears at the moment because he's that sort of character.
We'll be wondering what's going wrong now? More sports shortly
with the the lads, this Club World Cup and the

(58:41):
fiefa World Club Cup. When you're losing one hundred to
mil is that a contest you want to be a
part of. I mean, what's the point of some people
turning up to be thrashed. I don't understand that. And
of course we've got the Super Rugby to do with
this goal. More sport for you after the news.

Speaker 1 (58:56):
Which is nice, the news and the newsmakers, the mic
Hosking breakfast with Bailey's real Estate doing real estate differently
since nineteen seventy three News Talks head.

Speaker 3 (59:08):
Been spru.

Speaker 8 (59:13):
No wrong, no ron cor.

Speaker 3 (59:21):
Cruse side Jos.

Speaker 10 (59:25):
She's all Ivory and River here in Hamilton.

Speaker 8 (59:28):
That Jas have come back from a dissout boarding display
against the Blues last week and they've run out the
one that's thirty seven seventeen.

Speaker 1 (59:36):
The Monday Morning Commentary Box on the Mic Hosking Breakfast
with Spears Finance, supporting Kiwi businesses with finance solutions for
over fifty years.

Speaker 3 (59:45):
They passed out Jason Pine and Andrews Heivill, both Withers Fellows,
good morning, good bye, Mike Andrew. I was just talking
to Jason, the boss here, who was betting over the weekend,
and he got odds of a dollar forty five on
the Crusaders to win, and I was just saying to them,
I wouldn't have given you much more than the dollar
one or two. I would have thought they were laid down,

(01:00:07):
hands up, like not even a thing, and yet a
dollar forty five. They're good odds, aren't they?

Speaker 7 (01:00:12):
Oh?

Speaker 14 (01:00:12):
Your dollar forty five still relatively is it warm towards
hot favorite, though?

Speaker 9 (01:00:18):
Is it?

Speaker 14 (01:00:19):
I see? I think the tab has them at one
ninety each for the final. The Chiefs in the one
ninety each, Yeah, dollar ninety. I would have thought the
Crusaders would be favorites hands down. Well, look Chiefs not
saying that, yeah, look at the record, but not saying
the Chiefs don't have a chance.

Speaker 3 (01:00:35):
Now, of course, not because the Chiefs correct correct me
if I'm wrong. But the Chiefs have beaten the Crusaders,
so there's that. But the Crusaders just don't lose at
home in a final.

Speaker 10 (01:00:46):
No, I feel as though their favorite, slim favorite.

Speaker 20 (01:00:49):
But if anybody can go to christ Church and beat
the Crusaders, it is the Chiefs.

Speaker 10 (01:00:54):
You're right, they've done it this year.

Speaker 20 (01:00:56):
They've As Clayton McMillan said after the game the other night,
you know, of all the teams, where the one who
has had a modicum of success down there.

Speaker 10 (01:01:05):
I think there are chants.

Speaker 20 (01:01:06):
I think you're right, the Crusaders will probably will shorten.
I'd think it'll will end up being one of those
you know, one eighty two dollars situations.

Speaker 10 (01:01:13):
To be honest with you, they might.

Speaker 20 (01:01:14):
I think history might be irrelevant on Saturday night, you know,
grand final. Clat McMillan off to Munster, I reckon the
Chiefs are an absolute chance down there.

Speaker 3 (01:01:24):
Okay, well, let's hope so. And the good side is Andrew,
or the good thing is Andrew. That you got the
two best teams and all things being yet, well, it
should be a very good game and that's what you wanted.

Speaker 14 (01:01:32):
Yeah, I mean it should be. It'll be, it'll be tense,
it'll be, it should be a classic final. These two
teams have been picked by many to make the final
for quite a while, since probably mid season, if not earlier.
Wasn't that a great finish? A bench of the Blues
are still kicking themselves. Oh, with players like Rico Yuanni
and Talia and Caleb Clark, they maybe should have shifted

(01:01:53):
that ball earlier. But to the Crusaders credit, that defense
was just.

Speaker 3 (01:01:58):
Yeah, but you never won, Andrew. You never want a
game on regrets, my friend.

Speaker 14 (01:02:02):
There you go.

Speaker 3 (01:02:05):
I can't argue with that. The Jason can I just quickly.
I don't want to dwell on this because it's the weird.
I mean, it happens everyfore, I get it. But this
world clup, you know, the Club Cup we go where
you go to Blues ten nil. I mean, what's the
point of that?

Speaker 10 (01:02:19):
Yeah, Well, This is a revised format, you know.

Speaker 20 (01:02:22):
And previously it's you know, Auckland City usually is our representative.
They go over there, they play one game and that's it.
They've changed it to an expanded, bloated group format, which
is throwing Auckland City in with the likes of Bayern Munich, Benfka,
Boca Junior's absolute mismatch Mike, you know.

Speaker 10 (01:02:40):
And yeah, look, these are amateur players, you know.

Speaker 20 (01:02:45):
They're guys with jobs the you know, hairdressers and real
estate agents against the you know, some of the best
paid and top players in the world. So the result
shouldn't be a surprise. It will hurt, absolutely, it'll hurt.

Speaker 3 (01:02:57):
But would you enjoy it? I mean, if you were
a hairdresser Jason, and you were in the side and
you were going over there and you saw the ball
go past you ten times, would you go this is fun.

Speaker 18 (01:03:10):
Given Jason's lack of.

Speaker 14 (01:03:13):
A boot, I don't think you'd be a head dressing.

Speaker 10 (01:03:15):
Yeah, I realized that agent.

Speaker 20 (01:03:17):
Maybe yes, But look, I think you look across and
you say, oh, there's Harry Kane. I'm marking Harry Kine
today to be on the same pitch, and things like that.
I think that would be significant for you. Would you
enjoy being beaten ten nil?

Speaker 10 (01:03:30):
Absolutely not?

Speaker 3 (01:03:31):
Yeah, I just I don't know what the enjoyment slash.

Speaker 14 (01:03:34):
Let's not get too grinchy about it, Michael. I mean
it's a great experience for those guys. I'll never taste
it again. Well, I'd imagine that the tour as a
whole would be a great experience. You know, that'd be
staying and I'd imagine four or five stars given fevers.

Speaker 3 (01:03:49):
In a nice hotel. So so what you're you're on holiday?

Speaker 8 (01:03:51):
Are you?

Speaker 3 (01:03:52):
Andrew? Don't worry about n nice room.

Speaker 14 (01:03:55):
The whole experience of aiming to finish in Oceania as
a number one club and then getting the chart to
go to this sort of tournament, it would be it'd
be a fantastic, fantastic life changing. Would an unforgettable experience?

Speaker 3 (01:04:07):
Yeah, I think that goes down to the individual. That's
why I'm asking the question. I mean, some people you
are you one hundred percent right? Some people go, well,
no one else is going to get the opportunity to
do this.

Speaker 14 (01:04:15):
It's not going to go over there and beat Bayern
Munich Car No, they're no.

Speaker 3 (01:04:19):
There was a lot it will be some competitive people
in there that that secretly, deep down want to achieve
something specific on the field. And unless that hamsdal Field
disappointed about it. Actually, speaking of what Jason, this is,
This Stephen Adams thing needs more coverage than it's getting,
mainly because how long has he been playing now?

Speaker 10 (01:04:38):
Oh well, yeah, see, I think he turns thirty five
at the end of this deal. Is that right? Or
is he thirty?

Speaker 14 (01:04:43):
I think at the end of his end of this
new contract he would have been playing in the NBA fifteen.

Speaker 3 (01:04:47):
I mean that's fantastic, isn't it. I mean that I
remember I remember distinctly when he got packed and I
thought while NBA were who were all excited? And then
he went off the boil for a while. You remember
that he was sort of hot than he was and
and then he got traded.

Speaker 14 (01:05:00):
Around a couple of times, had injuries.

Speaker 20 (01:05:02):
Yeah, but they may love over there. The Houston Rockets
absolutely love him. And look, I mean, I think it'll
bring his career earnings to half a billion. I think
I read so you know that that in itself is
extraordinary for Steven ANDAs But he's clearly found a niche
over there.

Speaker 10 (01:05:19):
That teams love having him on board.

Speaker 20 (01:05:21):
He's never going to be a big scorer, but infusively
as a teammate outstanding.

Speaker 14 (01:05:26):
Yeah, you saw the way he played for the Houston Rockets.
Might need the tail end of this season.

Speaker 8 (01:05:29):
Yea.

Speaker 14 (01:05:29):
I think they got beaten in the first round of
the playoffs. But he played some of the best basketball's career.

Speaker 3 (01:05:35):
And they spoke very well of them. They spoke very
very well. Brief break more in a moment with the guys.
It's thirteen Past The.

Speaker 1 (01:05:40):
Mike Husking Breakfast Full Show podcast on iHeartRadio car it
by News Talk ZIPP.

Speaker 3 (01:05:47):
He talks seventeen Past Days the Monday morning commentary box
on the Mike Husking Breakfast with Spears Finance, supporting Kiwi
businesses with finance solutions for over fifty years. Jason Pin
Andrews Sevil save you've been watching the one oh a
little bits of it might the Papaya rules and when
you don't have a number one drive.

Speaker 8 (01:06:06):
It happened there.

Speaker 3 (01:06:07):
What happened there was that Norris was getting antsy and
instead of having instruction, clear instruction from the team as
to what you do in those circumstances, because it wasn't
the first time, and it won't be the last. Norris
tries to overtake on the inside and hits a wall
and that's the end of his racing. There are no
points and they blow it.

Speaker 14 (01:06:25):
This pretty much always happens, doesn't it. When one team
is a lot better than others and they have two
very good drivers and two very good cars, that teammates
end up in bust ups.

Speaker 3 (01:06:35):
Yeah, but that's each other. That's where that's where it's
good to have a driver, and you have favored the
driver over the two drivers, and you know, what do
you do, Jason.

Speaker 10 (01:06:44):
They'll have to decide, won't they, Mike, Well, they.

Speaker 3 (01:06:47):
Said that last year and they're saying it this year.
But they won't and they don't, and they favor everybody
until they get into the situation. Instead of scoring whatever
number of points they got, they got zero because you
don't get points for hitting a wall.

Speaker 20 (01:06:59):
Yeah, And they're clearly the fastest cars, aren't they. McLaren So,
I don't know, maybe it's I mean, you've got to
just say to one of them, look, I'm sorry, mate,
but you're number two, Yeah, don't you?

Speaker 3 (01:07:09):
Well you would have thought so. But they haven't, so
I don't know what happens. Anyway. The point is that
Russell Russell won and Antonelli came third, which is not
bad to get a But at some point I'm going
to talk about old Liam because his engine car blew up, right, Yeah,
but there was a new engine.

Speaker 14 (01:07:25):
I mean, you think it's not his fault.

Speaker 3 (01:07:28):
I'm not blaming him. I'm just saying that the problem
with F one is by the time you've got a
whole bunch of stuff that happens to you that isn't
your fault, accumulated with a bunch of stuff that's happening
in the team that isn't your doing, Accumulated with a
bunch of stuff that may well be your fault, then
things don't look good.

Speaker 14 (01:07:45):
Yeah. Yeah, the stuff that happens it isn't your fault
would soon heat pressure on you, right Yeah.

Speaker 20 (01:07:51):
And he's so frustrated, isn't he. You see Liam interviewed
after qualifying. I haven't seen his post race stuff today,
but he's clearly so frustrated. And I think sav you
said a few weeks ago, there always seems to be
something that happens, you know, whether it's his fold or not.
Something happens around that team every Grand Prix.

Speaker 3 (01:08:12):
It's unfortunate. It's frustrating watching. I can tell you that
for nothing. Did either of you guys watch the Gulf
over the weekend Because I didn't. I couldn't work out
whether it was it the conditions or the course or
both that caused so much difficulty at the US Open
and know and score particularly well.

Speaker 14 (01:08:25):
Would you rather watch the world's best players struggle or
go around the course? It's manicured and quite easy in
a vertical very good point.

Speaker 3 (01:08:33):
There's nothing worse than watching when the winner's at twenty
three under. You're thinking that.

Speaker 2 (01:08:38):
That's a joke.

Speaker 14 (01:08:40):
Yep.

Speaker 3 (01:08:40):
But I'd like to watch a tough course. I don't
like to see tough conditions because tough conditions means the
element of luxeen play. I don't mind a tough course
where you have to battle the course though, which I'm
assuming is what happened here.

Speaker 14 (01:08:54):
There's two players, any two players under the pars and
the underparts Adam Scott's and the huntst.

Speaker 8 (01:08:58):
I think so, yeah, yeah.

Speaker 10 (01:09:00):
Ryan Fox actually had a really good fourth round. He
shot one under.

Speaker 20 (01:09:03):
Not many have gone under part in a rounds across
the entire weekend. So yeah, Fox, he's finished pretty well
actually with a one under round. I think Adam Scott.
And it's also Sam Burns, isn't it who Ryan Fox?
Beating a playoff in that Canadian Open a week ago.
They're the two at the top, so they'll battle it
out down the streets, no doubt. But yeah, I think,
you know, the golfers themselves say, why would you put

(01:09:23):
us through this? You know, we've worked so hard to
become the best in the world. Why would you bought
us on this dog of a course? But yeah, I
like the challenge off player.

Speaker 14 (01:09:31):
These courses, the grant the majors that Fox has played,
and he's generally done pretty well as in the top twenty,
top thirty. You can't sneeze at that.

Speaker 3 (01:09:38):
It's good miss.

Speaker 14 (01:09:39):
Of course he'd love to win one, obviously, but.

Speaker 3 (01:09:42):
It's a good win. By the way, you guys watching
Full Swing season three, No, No, it's funny that because
I watched the first season one or bits of it,
and then I went to see it. I've thought I
don't need this anymore, and I happened to watch episode
one of season three well worth watching, and it's one
of those rare things that's episodic. In other words, you
don't have to be buying the whole thing. You can

(01:10:04):
watch any episode and it's a really good one and
the next one's really bad. So it's not like you're
committed to the whole thing, but some very good, very
good coverage.

Speaker 14 (01:10:14):
I might be late to the party, but I've watched
the Shaquille O'Neil relaunching of Rebok. Have you watched?

Speaker 3 (01:10:18):
I thought that was crap? Really yeah, I thought that's
It's got.

Speaker 14 (01:10:23):
Me a little bit out, you know, all that youth culture,
and that's probably not in your bloody lane, is it?
I just I like quite watching it. You know, I'd
like to stick. I like to is it. I like
to keep up with the trends.

Speaker 3 (01:10:35):
What I didn't know is I didn't know. I mean
the backstory that they signed Who's who's his mate? The
other guys on and so they signed him. They never
were anything. They got to number two, are respectable, number two,
it's down to number three. They want to relaunch it.
I thought the concept of a show was quite good.
I just don't know that he's that good.

Speaker 14 (01:10:53):
Of talent, really, Shaqui. I think he's I think he's
good at.

Speaker 3 (01:10:57):
The basketball, but sitting around in the very.

Speaker 14 (01:10:59):
Dry I'm very funny. Yeah, so you might.

Speaker 18 (01:11:03):
You know, I just don't.

Speaker 14 (01:11:04):
Well do you think I just don't think you like
a bright shoe? You know me?

Speaker 1 (01:11:12):
So?

Speaker 3 (01:11:12):
Well, nice to see your sat pants with a bit
of movement. Yeah, no, fair enough to ad Jason Py
and Andrews Savil's and with TV recommendations eight twenty two of.

Speaker 1 (01:11:21):
The Mike hosting Breakfast with Veda Retirement Communities News togs headv.

Speaker 3 (01:11:27):
Fifty years now, Bailey's Real Estate has built a legacy
of trust and innovation across this country as the country's
leading full service real estate agency. From the humble beginnings,
they've matured into the country's largest locally owned it's a
great story and family operated of course real estate network.
They've got how many hundred officers, They've got two thousand
personnel expertise across all corners of that property sector that
includes the residential, commercial, rural, property services, the whole kit

(01:11:50):
and caboodle. And while adding value across the property sector,
they also beside you on the rugby picture and in
the gun boots on the farm and investing in the
local communities nationwide of the kiwiway. It it's the Bailey's way.
It's why they're so successful, backed of course by National
Network strategic international partnerships in there as well. That gives
their clients the cutting edge. People are at the forefront
of everything. They do very proud to support New Zealanders

(01:12:13):
to achieve their property goals. Bailey, They've done the real
estate differently for half a century. So the question for
you is how can Baileys altogether better approach help you.
Bailey's dot co dot NZ licensed under the Area Act
of two thousand and eight, of course, but Bailey's dot
Co dot Nz you can deal.

Speaker 2 (01:12:31):
With the best Cosking.

Speaker 3 (01:12:33):
Season three of Full Swing Mike is great. Last episode
is incredible. Never cried that hard in a sports documentary. Oo,
I'm not there yet, Mike. Please get the health Minister
on your show to answer the four pm must stop
working question. It's too important to let luxe and brush.
It's a fair point, Ross and I think at some
point we're going into next time I get Simmi in

(01:12:54):
honor as associate. Will will do that because it was
that If you missed it last week, we had a
sougenon and it was the operations being done to the
private sector and labor are ideologically opposed to this sort
of thing, and we were trying to work through why
you would be as long as people get the job done,
who cares? And then I said, what is it that's
stuck with the public service? He goes, well, once it
looks like it's going past four o'clock, they start canceling things.

(01:13:17):
Now that was a revelation to me. It seems the
weirdest thing in the world. So it does deserve some
sort of answer.

Speaker 2 (01:13:22):
So we are on it.

Speaker 3 (01:13:24):
As they say, Steve Price though.

Speaker 1 (01:13:26):
Next the only report you need to start your day
on my casting breakfast with a Veta Retirement, Communities, Life
your Way, News togs headvs.

Speaker 3 (01:13:36):
Just around out what I was saying to the Prime
Minister an hour ago. And this was the reference around benefits.
Hundred and forty three people more are receiving a benefit
just in May twenty seven, two hundred and forty three. Now,
as explanation is fair enough, the unemployment is the last
one to you know, you get the inflation under control,
you get the spending under control, last cab off the
rank and sorting the economy out is unemployment, but it is.

(01:13:59):
The number of people benefits rose by seven percent to
four hundred and three thousand. Think about population, but it's
about ten you know, just under ten percent of the
population is on some sort of benefit accessing job seeker.
That's up eleven percent, so twenty one thousand, So it's
two hundred and thirteen thousand, eight hundred and thirty one.
What makes it slightly complicated is the people on to

(01:14:19):
people off ratio. Because nine and a half percent more
people found work, so that's encouraging. Eight percent more benefits
were canceled than a year ago, which is a total
of just over six thousand. For some that would include
sanctions as well, so there are people leaving the benefit
too fine work, which I guess is encouraging, but you
can't hide from the overall number. And the overall number

(01:14:41):
of people on welfare is higher than it was the
previous month, and that's never a good sign.

Speaker 16 (01:14:46):
Twenty two to nine International correspondence with ends in eye
Insurance Peace of mind for New Zealand business see.

Speaker 3 (01:14:53):
Price from Australia. Very good Monday morning to you. Good there,
So Elbow got it. First of all, he's got the
meeting locked in, which for a while they were over
the week and looked a bit touch and go. Does
he know how he's going to handle us?

Speaker 8 (01:15:05):
I can't imagine he would, and I thought it would
have been a very nervous flight from Australia fig onto
Canada for the Prime Minister Anthony Alberiz. He wanting to
meet Donald Trump. We had it reported all weekend, expected
to you always know that it's not locked in, and
then someone's obviously said, yeah, it'll happen. And so he's
now scheduled to meet Donald Trump tomorrow our time. He

(01:15:27):
flies into Calgary in Canada this morning. He's on the
sidelines of the G seven, which means you're not invited,
but if you hang around long enough you can talk
to a few people. He's got to hold a meeting,
a bilateral meeting with the Canadian Prime Minister Mark Carney,
who's from his same side of politics, and he'll sit
down and talk to him. He'll also meet with Sirkirs

(01:15:49):
Starmer from the UK. So what's he going to talk
to all these people about? Well, aucust for a start,
this is the multi billion dollar deal over the submarines
that is a sort of risk because the American US
Congress has said, well, hang on a minute, we're going
to make sure we have subs for ourselves before we
start making them and shelving them off to Australia. So

(01:16:12):
that's going to be a reasonably interesting conversation. And then
you have tariffs with aluminum and steel. He's going to
talk about that as well. I don't know how you'd
handle Donald Trump. I mean, what would you do if
you put in the room with Donald Trump to sit
down and have a meeting. I presumed there's be some
advisers there, but we've already seen how he dealt with
various other world leaders in the Oval Office. At least

(01:16:34):
this won't be public. It'll be in private exactly, and
we probably won't hear if there is any sort of
a blue that accurse.

Speaker 3 (01:16:39):
Is there an expectation because you've got your steel, but
I mean, you've got your ten percent universal tariffs that
we've all got, but you've got the you've got a
surplus or they've got a surplus with you, so that's
to your advantage. But then the steel and the aluminium,
you've got a good case. And if he doesn't come
away with something, then that's a fails.

Speaker 8 (01:16:58):
Yeah, it is really. I mean, we do, as you say,
have a surplus. We also have something called Pine Gap,
which is outside out of Springs, which is an extremely
important US spy base. For want of a better work,
we train American marines here. They are based in Darwin.
The Port of Darwin is obviously crucial when it comes
to monitoring what's going on with the Chinese navy in

(01:17:19):
our region. So we have a lot of pluses on
our side. But additionally, with Donald Trump, you know, the
king who's got a military parade up and down out
the front of his house because it's his birthday. So
it's unpredictable. We'll just have to wait and see what How.

Speaker 3 (01:17:32):
Where are you at with the super text debate.

Speaker 8 (01:17:35):
Well, Bill Kelty, former boss of the ACTU, who with
Paul Keating sat down an invented superannuation in this country.
So if we want to look at why Australia's superannuation
scheme is so good, it's because someone like Bill Kelty
was involved in setting it up in the first place.
He's come out with his first comments about this unrealized
tax on profits over the amount of three million dollars

(01:17:56):
in soup. He says bad policy. He said, I don't
mind taxing people, but not unrealized earnings. I think taxing
that is bad policy. It distorts the effective tax, changes
your income flow. And if it was on superannuation, generally
there'd be a revolution about it. It would destroy superannuation.
You can't get any more blunt than that. And he

(01:18:17):
is the architect of super in the first place. So
with a hopefully he has some influence with Treasurer Jim
Chalmers and they start to change.

Speaker 3 (01:18:25):
Just remind us because we're having the debate at the moment,
so we can opt and opt out. So yours is compulsory.
How much is your employer paying.

Speaker 8 (01:18:32):
It's going to eventually get to fifteen percent. You're currently
paying twelve.

Speaker 3 (01:18:37):
Okay, so twelve you kick in twelve and they kick
in twelve or no?

Speaker 8 (01:18:41):
No, no, well either or I mean you can either
your employer pays it as part of your salary package, yes,
or you pay it because you have to pay twelve
percent out of your salary. So it's a negotiation with
your employer. But everyone must contribute twelve percent of salary
into into superannuation. So when you go for a job,

(01:19:03):
it's normally he's your salary plus super right.

Speaker 3 (01:19:06):
And so given that's been going on for a long time,
and it is unquestionably successful because you've saved a shedloaded
dough when at two part question when it goes from
twelve to fifteen to people go oh my god, this
isn't fair and or would they argue that it isn't
a good system. And overall it's worked well.

Speaker 8 (01:19:24):
Most people don't understand it, so they just simply wear it.
They go and get a job and include super. So
no one has that discussion, really, and no one takes
any notice of how good or how bad superannuation is
until they get into their mid fifties and work out
how much they've got. So it works because it's forced
saving it. It's like paying extra on your mortgage. There's
no doubt it's a good system. But governments see these

(01:19:48):
big pots of money and they go, well, we've got
to get our hands on some of that. And that's
why everybody labor liberal coalition who no matter who, loves
to try and fiddle around the superannuation.

Speaker 3 (01:20:03):
And taxis interest. We're just going allegedly at the moment
from three to four percent and that's voluntary. It's sort
of pathetic, and we've got an ongoing superannuation problem. Hey
how about Lando? Did you see it? Lando drive? He
tries to take pstre on the inside hits What a clown,
What an idiot?

Speaker 8 (01:20:18):
And you know I just saw the graphics on it
just half an hour ago. And you can't put a
McLaren through that gap. It was not wide enough. And
so he's ruined his own race and probably cost Lando
a podium, Probably cost Oscar a podium, I would have thought,
because he's finished fourth. So McLaren's have got a problem

(01:20:40):
because Lando Norris is not happy not driving well. He
keeps getting told by his engineer, remember where your breaking
points are? That was during qualifying. So he's obviously not
as quick as ps and he doesn't like the fact
that he's not as quick as Pastry. They have the
break now they come back at Silverston. The other Australian
to keep an eye on, Adam Scott, is one of
the lead of the US Open, where buckets of rain

(01:21:03):
have fallen on Oakmont, the golf course where they're playing,
and play has been suspended.

Speaker 3 (01:21:07):
How long has Adam Scott been around? Years? Isn't it forever, Yeah, forever.

Speaker 8 (01:21:12):
I think if he can win this, it will be
the longest gap between major golf wins in the history
of the sport. He won the Masters, I'm saying ten
twelve years ago. Amazing, he's twenty four years old.

Speaker 3 (01:21:27):
Good on, all right, mate, go well, we'll see Wednesday.
Steve Price out of Australia. By the way, Amazon Web Services,
while we're in Australia, announced over the weekend they're increasingly
spending on data centers in Australia. And you know what,
Australia's God. Of course, they've got power, and when they
want more power, they've got more power. It's incredible how
it works over there that you know, they don't have
winters whereby we go, I mean the Eastern Seaboard, to
be fair, probably has a bit of a gas issue.

(01:21:49):
But apart from that, that's only because they sell all
the gas overseas and they need to keep a bit locally.
But apart from that, they're not sure of power, is
what I'm saying. So that leads to data centers coming
in and they're going to be spending. They announced twenty
billion dollars over the next five years. A joint announcement
with Elbow before he left the country. Are artificial intelligence,
cloud based storage, all that sort of stuff they were
going to spend. They thought thirteen, they've already spent nine.

(01:22:12):
They said, we're going to need to spend about thirteen.
But then all of a sudden they've worked out with
you know, all the demand for this sort of stuff,
Suddenly it's gone to twenty. So that's the sort of
investment you can get in a country that's sort of
got their power base worked out and isn't scrambling every winter.
Eight forty five.

Speaker 1 (01:22:30):
The Hike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 3 (01:22:36):
At b B eleven away from nine. Super in Australia's
on top of the salary Mike eg one hundred and
sixty k per year plus twelve percent on top, so
better than News in it will you say that? But
it's not as easy as that, because of course one
of the great debates here is, of course, if you
suddenly make people go into Super, they say, well, you
were going to get X salary, But because we've got
Super on top of that and it was three percent
and now it's four percent, I could give you that money,

(01:22:58):
but I can't now because it's going So it's the
same in Australia in that sense, you earning one hundred
and sixty plus twelve or as twelve percent of one
hundred and sixty, make that twenty thousand. Could it have
been one hundred and eighty if you didn't have super
And so it goes read the operating in public view.
Private surgeons do their rounds first thing in the morning
in order to be ready to operate by eight at
the latest. It is the nurses and anesthetic technicians who

(01:23:19):
insist operating stops early if it looks like it's going
to go past four. Some staff have worked out that
if they slow things down during the turnaround time between cases,
then they can have the last patient put off and
the list shut down after three o'clock. I would like
to think that isn't true, but we'll get to the
bottom of it eventually. The other thing is the conversion rate,
which another one of these ongoing issues we have in

(01:23:39):
this country. Interesting numbers out over the weekend whole farm
to forest conversions forty thousand hectares forty thousand hectares of
sheep and beef has been sold to forestry since September
of last year, so in other words, seven or eight
months twenty nine, five hundred and eighteen was sold in
twenty twenty four hundred and eighty three and twenty twenty four,

(01:24:03):
so the total amounts since jan of seventeen. So in
the last seven eight years, more than three hundred thousand
hectares of land has gone from farming to forestry, with
a loss of more than two million stock units. So
given what we're getting for these stock units at the
moment when we slice them up, tournament to chops and
beef and lamb and patties and stuff like that. Interestingly,

(01:24:25):
Hawksby not surprising Wellington is one of the most popular
areas in turning it over. You wouldn't have thought of Wellington,
but Hawks Bay Wellington, the wire rapper Southland's increasingly popular.
So they're changing the rules around this. They've introduced the
government new legislation to restrict farm to forest. Up to
a quarter of your farm can be planted for the etes.

(01:24:47):
There's also going to be a ban on full farm
to forest entering the ETS four actively farm land and
an annual cap of fifteen thousand hectares for forestry entering
the ets for lower quality land so that at last
they've woken up to the fact something's not right here.
And if you can just go plant a tree, why
wouldn't you. But once it's gone, once it's become a forest,

(01:25:07):
it isn't going back, and you've lost reductive land. And
I'm increasingly on the side of the people who you know,
argued all along that there's too much of this going
on and it was too easy to plant a tree,
and we're probably going to live to regret it. And
I think that's when you look at the numbers, that's
probably where I land at the moment. Nine away from nine.

Speaker 1 (01:25:24):
The Mike Hosking breakfast with the Defender octurn Us togs
Head be by.

Speaker 3 (01:25:28):
The way if you've got access to the Sydney Morning
here all. There's very good piece yesterday about a guy
called David Sinclair. If you're into longevity, and I'm sort
of into longevity in the study around it and the
science involved and where we're heading and what we're doing
and what we think we might do and what we
probably won't do. It's a longevity pill and whether that's
on the horizon. The guy David Sinclair is a bit
of a rock star, controversial among certain people and certain circles,

(01:25:49):
but nevertheless, if you've got access to the paper, well
with ree, because he's an interesting guy. Mike, this is
Adam Scott's ninety sixth consecutive major. That's twenty three years.
That's not bad asn't This Why I liked the Steven
Adams story over the Weekend's one thing. I mean, they
all get signed for big bucks in that particular part
of the world, of course, but fifteen years at that
level and still to be really respected, liked and being

(01:26:14):
paid big money was fantastic. I had the pleasure of
watching him in person once back in the early days
when he was at Oklahoma and he played the La Lakers.
We're in Los Angeles, and it's only when you look
at a whole game in complete context. In other words,
you're looking down at the whole court as opposed to
what they're just showing you on television, that you understand
just how effective and clever he is as a player.

(01:26:36):
Five away from nine.

Speaker 1 (01:26:38):
Trending now with Chemist Warehouse celebrate big Brands and biggest savings.

Speaker 3 (01:26:43):
Speaking of La god Old Stewe Stewey Stuey Mundel. He
works for Fox eleven and Los Angeles. He's out there
covering the No Kings protest over the weekend. He's live streaming,
is in the helicopter, and when you're doing the live streaming,
they take questions real time. So this is risky. I
would have thought somebody who knows Stu's prime life decided
to fire off a couple of questions while he was live.

Speaker 18 (01:27:04):
Uh.

Speaker 3 (01:27:04):
They sort of wanted to inquire about his marriage.

Speaker 21 (01:27:10):
The answer is, yes, you know what, I don't care.
I don't care about my I I got nothing right now,
got nothing, got nothing, not really looking. Uh you know,
I'm trying to trying to find myself and be happy.
I'm being serious about that. I want to behold I

(01:27:33):
want to be beholden to no one.

Speaker 8 (01:27:35):
At this moment, you know.

Speaker 21 (01:27:37):
Do I got lonely?

Speaker 2 (01:27:38):
Of course?

Speaker 10 (01:27:39):
Of course, but I got cats. I think all that.

Speaker 21 (01:27:46):
Informations on the internet. Look at all those red cars
down there, it's.

Speaker 3 (01:27:51):
Just Real's this guy on television but also flying a
hell is he flying it? He's not flying? Is he
flying the helicopter as well? So he's flying a helicopter
and he's on air and he's reading live questions sixteen
point six million times that's been seen. They did ask

(01:28:11):
about alcohol, He goes, I do, I do love bourbon,
I love whiskey, I love bourbon, love gin do love
gin So anyway back tomorrow, Happy Days.

Speaker 1 (01:28:25):
For more from the mic Asking Breakfast, listen live to
news talks it'd be from six am weekdays, or follow
the podcast on iHeartRadio

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