Full Show Podcast: 17 July 2026

Episode Transcript
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Speaker 1 (00:00):
Tough on power, sharp on insight on my casting, Breakfast
with Bailey's real Estate, your local experts with national and
global reach used togs Head been.

Speaker 2 (00:09):
Oh you're welcome today, new GDP forecast for you if
in New Zealand and confirming we are back at baby
Power prices stand by for that as well. They're coming down.
Neil Barnes and the Abs for Ireland. Gin Wigmore releases
a new album today, so we thought we'd call her
up and go yay. Tim mccady after right, Richard Arnold,
Steve Price. They do the Priday business as well. Pasking
seven past six of the debate has restarted, if you're

(00:31):
not aware. Like so many debates in this country, this
one around the superannuation, some economists have taken to their
calculators and looked at who earns what in retirement. These
are interesting. Nine percent of over sixty fives are any
more than one hundred thousand dollars a year, three point
six percent are any more than one hundred and fifty
thousand dollars, and a bit over two percent are any
more than one hundred and eighty thousand. Now that's almost

(00:52):
fifteen percent earning at least six figures a year, which
I was pleasantly surprised about given the general SUPER debate,
of course, is predicated on the idea everyone retirement can't
make ends meat, they're cold because they haven't got a heater,
and generally they're not eating properly because lamb chops are
beyond the budget. Anyway, upon crunching these numbers, said economists
to ask, why don't we means test Super? They are

(01:13):
of the camp that SUPER is not affordable, that is
still actually in some doubt. And while it's in some doubt,
we haven't been able to get past the first hurdle,
and the first turtle is why don't we raise the
retirement age? Now? Close followers of this increasingly laborious debate
will have noted, we can't even get any sort of
agreement on age, so why would you then raise a
means test? Why would you do that? That's beyond me

(01:35):
Age at least doesn't change the fundamental underpendings of SUPER.

Speaker 3 (01:39):
I e.

Speaker 2 (01:39):
It's an entitlement and age is the sole trigger. Means
testing it puts it into a whole new category, and
the category would be called a benefit, wouldn't it? Age
becomes secondary to your means welcome to your golden years.
Oh you're rich, are you well? Nothing for you? Oh
but what about my contribution to the taxpace and the
state of the nation. Oh yes, they rolled rules. They
only count of you broke. So if you're open that

(02:00):
Pandora's box, you may as well do away with SUPER altogether,
because once you turn it into a benefit, you may
as well call it job seeker. You're simply sixty eight
and unemployed. When in the modern age, given the reason
for upping the age of entitlement is partially based on
the idea that people live and work longer. Are you
actually no longer working? If sixty five is too young
to retire, when is a good age? That's another debate

(02:22):
that will go nowhere. So we actually need a new rule,
and the rulers don't start new debates until old ones
are settled. And given we're still at sixty five after
literally decades of going nowhere, then means testing SUPER is
wasting our time.

Speaker 4 (02:37):
Why news of the world in ninety seconds.

Speaker 2 (02:41):
Your claim center of attention for a couple of reasons.
One is because Starma on his walk of oblivion stop buying.

Speaker 5 (02:46):
The audio of Freedom is awarded to the right Honorable
Sir Kis Tarma, MP, Prime Minister of the United Canada,
of Great Britain and Northern Ireland, President of your great
Will it do, Masseleski?

Speaker 2 (02:58):
I mean, there's no legion of honor, but what can
you do?

Speaker 6 (03:01):
It is really significant that now in the fifth year
of this conflict, the Trainian flag still flies above Downing Street.
It still flies across churches and town halls across the country.

Speaker 2 (03:13):
As for Zelensky, he stands by for Andy of Manchester.

Speaker 7 (03:16):
The priority is the relationship between nations, between jazz people,
and I'm sure that these relations will not change.

Speaker 2 (03:27):
But also to Zelenski has sector his defense minister, and
the people have hit the streets more shortly Stateside. JD's
turned up on Rogan for a bombshell.

Speaker 8 (03:34):
I know it would be under shadow of a doubt
that there have been people within the Israeli government who
are trying to like actually shift us away from that
policy because they want to continue the military campaign.

Speaker 2 (03:47):
And we can't escape the football. It is not nineteen
sixty six, It is not coming home. And you know
who you know who's folded us.

Speaker 9 (03:55):
This really is down to twocol If he'd been bolder.
If he'd understood there is this cultural issue with England,
he would have known that England would have retreated and
that he actually had to be bolder. If he'd been bolder,
England would have had a chance of getting to this final.

Speaker 2 (04:10):
Even the King went to the pub.

Speaker 4 (04:19):
It's a good piece of dragon ife sorrow.

Speaker 2 (04:22):
On the Kelsey scandal, the bloke who runs Trump's teleprompter
has been done for insider trading. He got pinned on
the mentioned markets. Now, that's when you bet on phrases
that something you know somebody like Trump might use. And
given it's on the teleprompter, he's already seen the phrases.
He made one hundred and fifty grand. They've frozen it. Unfortunately,
it's the first ever case of a White House employee
allegedly involved in inside of trading on prediction markets. That's

(04:46):
news the world and words you knew were coming anyway
in nineteen Speaking of Kelsey, they're bidding on gas prices
in America eighty eight percent chants going above four dollars
a gallon, sixty three percent chances it will go over
four to ten at the peak back in it was
it was four fifty six, less than a five percent
chance the guests will go over four point fifty will

(05:06):
get more oil numbers. Shortly twelve past six.

Speaker 1 (05:11):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, call
it by News Talks it.

Speaker 2 (05:16):
Be Yeah, Zelen's us your trouble. This is the part
of the war that's never really covered in this part
of the world. He sectors Defense Minister. He's been dismissed.
That was a surprise, and so people took the street,
the protests began, and earlier in the week the Parliament
accepted the resignation of the Prime Minister as well, and
that only been there U leader and only been there
for about a year in office. So all is not

(05:37):
well in Ukraine. Fifteen past I'm sure and partners. Andrew kellerho,
welcome to Friday. Yeah, good morning, Mike. Talk to me
about inflation.

Speaker 10 (05:46):
Oh gosh, well you were just talking about petrol prices
in the US. So look, inflation has really reinserted itself
into the prognostications of investors and strategist around the world
because we've got a bit of a complex scenario coming
up here.

Speaker 11 (06:01):
So look globally, if we go back sort.

Speaker 2 (06:03):
Of two or three months.

Speaker 10 (06:04):
It was a fair bit of concern about inflation becoming
problematic because we had the sharp and sustained lift that
we saw in the oil price, you know, March April May,
and it feeds through basically into almost everything. Now in
the last few weeks it looks like we haven't seen
the short term lift in inflation to the extent that
was fared. But we just can't shake off the fact
that even in a less troublesome outcome, the level of

(06:27):
inflation in a number of key economies is still above
the central bank targets. And you think about our context, Mike,
here in New Zealand, we've now potentially got a growth
problem feeding into inflation.

Speaker 11 (06:38):
And look, look we don't operate in a vacuum. Global
inflation pressures hit US.

Speaker 10 (06:42):
So this week we've had an inflation expectation update in
Australia and we've had both CPI and PPI in the US,
so more grist to the inflation mill.

Speaker 11 (06:52):
Melbourne Institute.

Speaker 10 (06:53):
Yesterday, Melbourne University, Melbourne Institute, they released their latest update
on consumer inflation expectations that printed at four point seven percent,
which on the face of it, given inflation is running
about four across the ditch, looks pretty bad, but the
previous read was five and a half, so that's a
big fall. So the direction of travel is important, and
inflationary expectations are falling now. RBA is still pretty focused

(07:16):
on the inflation risks, like every other central bank. They've
also got this new fly in the ointment over the
all price hiking back up in the last week, and
everybody's now worrying about that.

Speaker 12 (07:27):
Now.

Speaker 10 (07:27):
The market over there is divided whether they need another
rate hiking. Yesterday morning in the US, we had PPI
inflation release that's producer price inflation inflation for business basically
came in cooler than expected, same as we saw earlier
in the week on CPI, So headline, PPI registered the
lowest reading since April, four point seven percent increase on

(07:48):
a year earlier. Again, it may seem high, but the
markets were expecting five point one.

Speaker 11 (07:53):
So you've got.

Speaker 10 (07:53):
Cheaper fuel prices that's feeding into energy, transportation costs generally
broad based calling.

Speaker 11 (07:58):
So some suggests the Fed will.

Speaker 10 (08:01):
Have room to postpone the next interest rate hike. They're
still talking quite hawkish though, but as I said yesterday Mike,
that the world is on an edge. So do we
get a resolution in the Middle East in the short
term or does this dragon That is the absolute crux
point at the moment.

Speaker 2 (08:15):
Because are questions at the age. What about earning season?
If you're a bank, it went pretty well as small
as it can work.

Speaker 11 (08:19):
Again, yeah, I think you referred to this yesterday.

Speaker 10 (08:22):
So second quarter earning season in the US now, one
of the really important tailwinds for US and global share
markets is the very robust outlook for earnings.

Speaker 11 (08:32):
We saw it at the beginning of the year. It's
still there. But where earnings go, share markets tend to follow.

Speaker 10 (08:38):
It makes earning season really pivotal because you need outcomes
that validate the frothy expectations. Now, earning season, the US
tradition starts with the banks, and we've had a pretty
good start. I was going to say a stellar start,
but I don't know if I want to be that enthusiastic.
On a Friday morning, US banks delivered one of the
strongest quarters since the post pandemic period on the back

(08:59):
of sort of strong equity share market, training activity, investment banking,
VSM and m IPO, all that sort of stuff. But
just looking at some other major companies Mikes. The semiconductors
very much in the spotlight. Hot hot hot, Taiwan semiconductor
manufacturing company TSMC. It's not a US company, but they
released their results in the last twenty for US very strong.

(09:19):
The next few years, the boss said, are going to
be very good business for TSMC. That share price is
more than doubled in the last twelve months. ASML Dutch company,
they make the machines that make semiconductor chips. Their share
price only up one hundred and forty five percent. Last one.
They beat expectations. We've got Netflix later this morning. Johnson Johnson.

(09:42):
They beat expectations, although they've missed a.

Speaker 11 (09:44):
Couple of key sectors. Share price a little bit lower.

Speaker 10 (09:47):
But we have to sort of comment, I suppose this
morning because I'm just looking at the share.

Speaker 11 (09:51):
Perce Night's SpaceX.

Speaker 10 (09:53):
When I looked at this earlier this morning, it was
at one hundred and thirty two bucks. It's now at
one hundred and thirty IPO price was one hundred and
thirty five Mike. It's being reported that as much as
thirty percent of the publicly trade will float has been shorted,
so people are betting the price will fall, so it's
under the IPO price.

Speaker 11 (10:12):
What I will say is owning SpaceX will.

Speaker 2 (10:14):
Not be for the faint hearted world said, what are
the numbers?

Speaker 10 (10:18):
Oh right, So the Dow Jones is down quarter percent
one hundred and thirty one points fifty two thousand, five
hundred and twenty five. The S and P five hundred
down half percent, that's thirty eight points seven five three four.
Then as THEY'K hundred a little bit more pressure down
one point two percent, three hundred and seventeen points twenty
five thousand, nine hundred and fifty four. The bricks yesterday

(10:39):
they gained half percent ten thousand, five hundred and seventy
two on the FOOTE one hundred. The nick A fell
had quite a big fall, actually, two point seventy nine
percent one thousand, nine hundred and fifteen points sixty six thousand,
eight hundred and thirty five.

Speaker 11 (10:53):
Shangho composite also sort of.

Speaker 10 (10:55):
Week one point eight five percent four there seventy three
points three eighty eight two. The AUSSI has fairly moved
yesterday eight eight four over was the close there, and
we lost twenty points in the n six fifteen thirteen thousand,
six hundred and fourteen the mark Keewi dollock point five
eight three seven against the US put eight three four
eight against the ossie point five to one oh five

(11:15):
to euro point four three three four against the pound
ninety four point eight one. Japanese ye gold dipped under
four thousand bucks again three thousand, nine hundred and eighty
five break crude holding on eighty four dollars and fifteen cents.

Speaker 2 (11:29):
You have an awesome week in see next week. Sure
and partners Andrew kellaher Pascal are united. As in the
airline people are booking their words. Customers continue to book
despite high affairs. Their result was good. They made seventeen
and a half billion for the quarter. Bank of Korea
put the cash right up to two seven five, first
time they've done that in three years. They've got the
aforementioned inflation to worry about, and overnight British Steel has

(11:52):
been officially taken back into government control. That story if
you follow it's been going on for a couple of
years now, but basically the government couldn't let twenty seven
hundred obs go west, so they've nationalized it. It's not
really a good news story. It's a good news story,
but it's a story that comes out of bad news.

Speaker 12 (12:06):
You know.

Speaker 2 (12:07):
Go six twenty one and a half here of News
Talks ZB.

Speaker 1 (12:11):
The VIC Asking Breakfast Full Show podcast on iHeartRadio.

Speaker 4 (12:16):
Now it by News.

Speaker 2 (12:16):
TALKSB update from yesterday when we were talking to Joe.
They were finally getting around the judicial process, and itally
moves awfully slightly because you're going back to August of
twenty eighteen. This is the general bridge. So they were
standing by for the sentencing yesterday. Former head of the
motorway operator got a twelve year sentence. They wanted far longer.
The prosecutors wanted far longer. His name is Castellucci. He's

(12:38):
already in jail. As it turns out, he was serving
a six year term for a twenty thirteen road disaster,
so he's got form. He was one of forty three
people died in that disaster. He was one of fifty
seven defendants. Another top motorway official, guy called Mattelli, got
eleven years in jail. So I don't know whether that
brings closure to people. Six twenty five.

Speaker 4 (12:58):
Trending now your home of Winter Essentials.

Speaker 2 (13:02):
Now it's one of the movies this morning. I play
Rocky as a movie about a movie. It's a retelling
of the story of how Stallone was fighting to become
an actor until, of course, he wrote Rocky. Acting's what
I lived in breath for. And they've got to have
feet to myself.

Speaker 4 (13:18):
You need to show everyone who you are.

Speaker 5 (13:21):
I like this girl, Sylvester Sylvester that's right, his real name.

Speaker 4 (13:26):
It's got a nice ring to it, Sylvester Stallone.

Speaker 13 (13:29):
It's like Peter Parker.

Speaker 4 (13:31):
Yeah, I know I don't look like Einstein, but I
got a brain.

Speaker 2 (13:34):
The only way when we get to show people is
we have to write a script for myself.

Speaker 4 (13:38):
Yes, I'll do that. Write a script and give yourself.

Speaker 14 (13:44):
The best part.

Speaker 4 (13:46):
I don't even know what to do.

Speaker 12 (13:47):
It's any good.

Speaker 4 (13:48):
Just do the best acting in your life and everything
will be fine. I thought you so you could bucks
all right, I'm an actor, God damn it.

Speaker 2 (13:55):
You always like Anthony Hippolito is the young Stallone, Dylan
Matt and a Sophia rob there and there. It's about
sixth of November and some parts of America in case
you happen to be in some parts of America, but
then globally on November the twentieth if you happen to
be in the other parts of the world, it's the
weirdest thing. I got reviews on Odyssey. I'm not going

(14:16):
to go see Odyssey, and it's entirely possible I will
never see Odyssey, but it seems to be I read
the reviews of the reviews and the reviews of the reviews.
It's everything. It's the usual thing. I'll work you through
it individually, but it's the usual thing. It appears to
be as big as the buzz, and it appears to
be changing cinema and you will never feel the same again.

(14:38):
And the world has now materially changed. Bloody blah, blah blah.
Perhaps more importantly, Gareth Kennon is going to come to
the party shortly. He's got a new GDP read and
I'm liking it. So New Zealand seems to be back.
There is momentum here in the economy. So we'll get
those numbers and then we'll talk rugby with Negal Barnes
after set them clearly this morning. Meantime, on the My
Costing Breakfast, the News is newt.

Speaker 1 (15:01):
Opinion, edit, informed, und apologetic. The Mic Hosking Breakfast with
our Vita Retirement, Communities, Life Your Way News togsad be.

Speaker 2 (15:10):
Just announced New Zealand and Switzerland. It is you know
that whole National partyag in the other day we need
more free trade deals, so we're chasing more free trade deals.
We've just been announced that officially that we have agreed
with Switzerland to establish a Trade and Investment Dialogue to
explore an agreement on trade, economic security, et cetera. Two
way between US one point eight billion, we explored about
four hundred and twenty nine million and import about one

(15:31):
point four five billion. So we wish them well with
that because the more trade will do the better. Twenty
three minutes away from seven speaking, which I'm very keen
to when the week the way we started actually with
good news. New forecast from Informetrics this morning's got the
GDP peaking at two point seven mid next year, which
is good. So the recovery therefore would seem to be real.
Gareth Kennan as the Informetric's chief forecaster and as with us,

(15:52):
Gareth morning morning, like we been a pretty good week.
Manufacturing's back services back confidence up a little bit. Are
you bullish broadly on the economy.

Speaker 13 (16:02):
Yeah, broadly.

Speaker 15 (16:03):
I mean, as long as the sort of events over
the last week don't escalate into some much higher fuel prices. Again,
we're looking at the sort of economic indicators coming through,
Like you say, it's almost a bit of a resumption
of what we had near the start of this year,
where prior to that war kicking off, we had less
patchy indicators coming through, things were more positive, and we

(16:23):
see that occurring over the next six to twelve months. Again,
as long as those fuel prices stay at manageable levels.

Speaker 2 (16:29):
That two point seven are we maxing out ish at
that point before we start driving inflation and stuff.

Speaker 15 (16:37):
Yeah, you probably are getting towards that point where it's
about as fast as we can grow without generating inflation.
And we do still see a case for interest rates
because of that needing to rise through the next twelve
months or so, but nowhere near as fast as we
were previously looking at when fuel prices and diesel prices
in particular, we're up and over three dollars eight yearliter.

Speaker 2 (16:57):
Okay, so we got cash right at two and a half.
You see three and a half, So that's four ish
increases that happens. What between now in the middle of
the year.

Speaker 15 (17:04):
Yeah, so a couple more this year and financial markets
are reasonably consistent in terms of that expectation, and then
we've got two more penciled in through twenty twenty seven. Look,
I guess for us it's a case of tapping the
brakes on the economy a little bit by the time
we're getting to that two point seven percent growth. And
that's quite a different scenario than we were looking at before,
where we thought, well, the ocr may need to get

(17:26):
to four and a half just to try and bring
the car back under control, because we've been hit by
an old man with a fake tan in the bazooki
who doesn't really look where it's going.

Speaker 2 (17:35):
Where's the growth coming from? Is it more broad based
than what I would expect, you know, which is usual suspects.

Speaker 12 (17:43):
It's probably one.

Speaker 15 (17:43):
Of those old fashioned New Zealand economic recoveries. You've got
the export sector and obviously parts of the South Island
showing this particularly over the last six to twelve months,
performing well with strong commodity prices. You look at meat,
horticulture and to a lesser extent, dairy al going pretty well.
We are expecting that to sort of continue to flow
through over the next year or so, impacting positively on

(18:06):
consumers spending. And we're already we have already been seeing
positive signs around business investment as well, so increasingly broad
based over time.

Speaker 2 (18:13):
What about housing, does it play a role or not?

Speaker 12 (18:17):
Probably not.

Speaker 15 (18:17):
I mean we look at the housing market at the
moment still he have the oversupplied in terms of the
number of properties sitting out there waiting for people to purchase,
and so in that situation, we're not looking at house
prices picking up particularly anytime soon. The migration outlook is
stable rather than racing off to bringing a whole lot
more people into the country, and so yeah, housing probably

(18:38):
not part of the story.

Speaker 2 (18:39):
Good on you mate, nice to catch up. You have
a lovely weekend. Gerrikin an Infomatric's chief forecaster with us
this morning. And by the way, on the broad subject
of the economy, gave you a Hawaiian Airlines who are
not coming back into walking from Honolulu. But the good
news is cathe yesterday announced that they are coming back
and expanding into christ Church. So christ Church Hong Kong
is an important route for them, and that's already part

(18:59):
of the in news story. You might Remember they're doing Tokyo,
Singapore and Perth, so expansion seat capacity, all of that
stuff continues to grow, which we like. Nineteen too.

Speaker 1 (19:08):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio Call
It By News talks.

Speaker 2 (19:14):
B the Nation's championship heating up and after a couple
of rounds world class rugby of course the contenders are
starting to emerge. Will have Neil Barnes on the program
after seven thirty. New Zealand Island both unbeaten. Now it's
Eden Park Tomorrow night fifty two test unbeaten record goes
on the line of course tomorrow seventeen. The kickoff the
tab they got a belter and off for puts you

(19:34):
right in the heart of the try scoring action. So
place a first try scoreer bet on New Zealand v
Island and if it loses you'll get up to twenty
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(19:54):
Teas and seeds apply toab by the way now faster
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app to get your bet on ra eighteen obviously and
bet responsibly pasking Odyssey, I Telegraph Film the Year, Metro Change,
Cinema Forever the Times a masterpiece in every way, standard

(20:16):
colossal piece of cinema. So those of the reviews, the
reviews of the reviews opened here yesterday. If you're interested
in sixteen to.

Speaker 16 (20:23):
Two international correspondence with ends and eye insurance, peace of
mind for New Zealand business, which did.

Speaker 2 (20:29):
In the morning, good what you make? How's your weather?

Speaker 17 (20:33):
It's Mother Nature on the rampadge got to say, we
have floods, fires and a Paula's smoke across seventeen states
right now. When deadly flash floods hit Texas last year,
recall around Camp Mystic that summer caunt for kids, more
than one hundred people died, including twenty five young girls.
That was described as a once in a century event,
maybe once in five hundred years. They said, Now, yeah,

(20:55):
just twelve months on, those floods are being repeated. Texas
Governor Greg Abbott saying of this new flooding.

Speaker 4 (21:01):
Is likely going to break records in Texas history.

Speaker 17 (21:05):
They have had up to twenty inches of rain about
fifty centimeters in a couple of days. Almost half of
that just this morning on the river that runs by
the now closed Camp Mystic. Sections of that waterway rose
by more than thirty feet nine meters in a matter
of hours, say officials.

Speaker 4 (21:20):
This is a life threatening weather event.

Speaker 18 (21:22):
I don't want to immense words about how serious this
situation is.

Speaker 17 (21:27):
One person has died to this point, they've rescued dozens
of people. Black Hawk helicopters involved in that effort. Meantime,
in New York, the Mayor Zorin Mandani is urging people
to stay indoors if possible because a massive smoke plume
is stretching down from Canada, where there are hundreds coud
hundreds of bush fires, effecting not only the NYC, but
also Chicago, Cleveland, Detroit, Minneapolis, Toronto.

Speaker 19 (21:50):
Mandani says, everyone, not just people with asthma and heart conditions,
not just older adults. Everyone may feel health effects. So
today every New Yorker should take precautions, limit your time outdoors,
especially strenuous activity.

Speaker 17 (22:06):
Well, they're also offering free k and ninety five masks
at hundreds of spots around the city of folks can
get to them, while across and border there are some
pretty terrifying scenes. In all, there are presently eight hundred
and thirty eight bush fires wildfires burning. These used to
be rare as well, but in the past several years
they've become a feature of the season. Here the air
quality in Toronto listed right now was dangerous. A First

(22:29):
Nation's tribal village has been completely destroyed in northern Ontario,
says one evacuee.

Speaker 10 (22:34):
No, we have nothing, no commu already burnt down within
less than an hour.

Speaker 17 (22:39):
Well, perhaps the most shocking image is that one of
a freight train that people might have seen, where the
workers took video of their cab totally surrounded by flames
and then they called for help.

Speaker 20 (22:50):
Okay, y'all need to hurry up here, like seriously, we're
in case.

Speaker 2 (22:54):
And flame shops.

Speaker 17 (22:55):
How that man sands so calm. I don't know how
they got that crew out of there, dn'no, but they
were rescued. They did get out alive.

Speaker 2 (23:02):
Very Canadian. Actually one o'clock my time. I'm really what's
he going to say?

Speaker 17 (23:08):
Well, with all that's going on in the world. Could
be number of things, right, Yeah, Trump in a bit
over three hours will focus on the election that he
lost in twenty twenty, right when I'm trying to maintain
power for the midterms. The Winehouse says, there will be
important new info on China's efforts to interfere with the
votes six years ago. In that election, Biden course defeated
Trump three hundred and six electric College votes and fifty

(23:29):
one point three percent of the popular vote to Trump's
two hundred and thirty two electoral votes forty six point
eight of the popular vote. Since then, Trump has been
pressing claims that he didn't really lose, that it was
all rigged. He's always been a winner, couldn't possibly have
lost this thing. There have been since then over sixty
lawsuits that have been filed challenging the results. Every one
of them lost except for one that gave him a

(23:50):
minor point. Since then, Trump has been pressing for what
he calls the Same America Act that would require a
photo ID for proof of citizenship here, something that would
be difficult for some minorities in terms of documentation, for
women who took on different names when they married, and
so on. And on this legislation would suppress legitimate votes. Basically,
Trump is saying it doesn't get.

Speaker 19 (24:10):
Bigger because without free and fair elections, you.

Speaker 12 (24:13):
Don't have a country.

Speaker 2 (24:14):
Total craps is.

Speaker 17 (24:15):
Democratic Senator John Ossoff, in responding to that the.

Speaker 20 (24:19):
World's most famous sore loser will deliver a prime time
presidential sour grapes address to pursue his sixty year old
grievances about the twenty twenty.

Speaker 17 (24:30):
Election, Osof led a verbal attack on Trump's you picked
a had National Security Jay Clayton, who refused to say
in his hearings this week, just who won the twenty
twenty election?

Speaker 20 (24:42):
Who won the twenty twenty election?

Speaker 4 (24:44):
You know what, I'm not going to do this with you.

Speaker 17 (24:46):
He was then asked some twenty times to say who
won this thing? Rather than just accept that Biden was certified?

Speaker 4 (24:52):
Who won happy twenty election? I have answered answer it.

Speaker 20 (24:56):
What is your answer?

Speaker 4 (24:57):
I've given you my answer.

Speaker 20 (24:59):
What is your answer?

Speaker 17 (25:00):
Also off then concluded, in this line of questioning.

Speaker 20 (25:04):
Isn't it humiliating to be unable to answer this question?
To have to indulge the president's delusions? We know, you
know everybody in this room knows the truthful answer to
that question.

Speaker 4 (25:21):
Why can you not give it? I think I gave
you the answer.

Speaker 17 (25:24):
If you don't sign on to the Trump approach, you
don't get the job right. Meantime, not clear whether the
television networks here are going to air this primetime address live.
Even Fox is debating it. Typically an Oval Office address
would deal with things like, you know, war and peace,
but then there aren't any wars going on. Are there ever?

Speaker 2 (25:41):
A good weekend? Richard Donald side? There's still after that
playing thing from Turkey last week where he swap planes.
They're still investigating that and they're asking people to turn
over their phones to try and get to the bottom
of who leaked that, because they're arguing a major security issue.
And there's also a scrap. Speaking of New York, there's
this data see the thing the world's turning on data
is sent to so Hochel, who's the New York governor,

(26:02):
said there are no more for now because we've got
too many water and power consumption problems. There are no
more data centers to which Trump entered and go, you know,
it's about jobs, it's about money. You don't know what
you're doing. So that scrap's going on, but the whole
discussion around data centers globally is turning and remains as
interesting as ever. Night Away from Seven, The.

Speaker 1 (26:21):
Mike Hosking Breakfast with a Vida, Retirement, Communities News, Togsdad.

Speaker 2 (26:26):
B aurgnificant moment for Gibraltar this week. They got rid
of the border and that came out of the Brixit,
of which they were vehemently opposed to. They feared what
would happen if Britain brixited, which they did. But as
a result of that they've done a deal on the border.
And of course a lot of people go back and
forward across the border every day and it's a pain

(26:46):
in the bum because there's a border. But now there's
no border and they can freely move. So it's thought
that economically speaking it will actually in the end work
out well for them, so hopefully it does. Sex Away
from Seven.

Speaker 1 (27:00):
It's the Fizz with business Fiber take your business productivity
to the next level.

Speaker 2 (27:05):
Now, Andrew alluded to after this morning, Netflix is coming
to the party with the Q two numbers. It's more
interesting than usual because this whole ad supported thing, which
I didn't see being a thing I saw SpaceX. I
told you on this program. I was sitting in Singapore
four or five weeks ago and I watched that clown launch. Anyways,
we're going to Mars and beyond. I thought, if you're

(27:26):
putting your money into that, it's going nowhere fast. So
I'm right on SpaceX. But I wasn't right on Netflix
because I said I couldn't see the ad supported thing
working because I thought, well, why ain't you paying money
if you're gonna you know you don't want ads, and
yet people do. They can't get enough of them. So anyway,
the consensuses, they brought them about twenty one and a
half billion in revenue. That'll big growth of about thirteen
and a half percent. Back in twenty two, they launched

(27:48):
that ad to your thing that would start, they said,
to play a bigger and bigger role, and that seems
to be the case. Expectations. The results will show netflixes
on track for over five billion in AD revenue this year,
which double last year. So that's how that's unrolling twelve months,
stocks down forty percent, and it hasn't been helped by
the Warner Brothers Debarkle. They walked away from that. If

(28:09):
you followed that particular story and the other people went
and got got it. They're going to end They're going
to end up in court for about ever as every
ag in America chases them legally. They don't really report
subscriber numbers anymore because they didn't think that was called
They're really uninterested in the bottom line. But they did
have three hundred and twenty five global paid up members
in January of this year, which is an increase of

(28:30):
twenty four million. And twenty four they added forty one million,
twenty three they added thirty millions. Is that too many numbers?
Forty throb of the years, isn't it? Anyway? Point being
of Netflix, I discovered by accident this is the other
problem with streaming. You know this stuff out there, but
you just forget about it. And I discovered by accident.
Quarterback the new season of Quarterback and could well be
the best season yet. I've only watched one episode, but
the previous seasons were Kirk at the start of the

(28:51):
show was Kirk Cousins, who turns out to be the
nicest guy in the world, just an unbelievably nice guy.
So this season they're dealing with a guy called Baker
May who's kind of interesting, cam Ward who's got the
personality of a piece of jib board, Jaden Daniels who
appears relatively pleasant, and Joe Flacco Joe Flako. I was
going to say, who's Joe Flacco played for? I don't know.

(29:13):
He's played for everybody, and he keeps changing teams every
three weeks. Anyway, the point he is one of the
older guys. But what a hell of a nice guy.
Beautiful wife, five kids, family man, just a great American story.
So very uplifting quarterback. I don't think you need to
be an NFL fan, it helps, but the uplifting nature
of the program. I've said this for season one and two,

(29:35):
and this one seems to be even better at season three.
And that's on Netflix, so matter know how much money
they make. I don't care. It's a good show.

Speaker 1 (29:45):
The Mic Asking Breakfast Full Show podcast on.

Speaker 4 (29:48):
iHeartRadio, powered by News Talks at b.

Speaker 1 (29:52):
You're trusted home for news, sport, entertainment, opinion and.

Speaker 4 (29:57):
Mike the Mic Asking Breakfast.

Speaker 1 (29:59):
With Defender Trophy, Epic Adventure, Greater Purpose News.

Speaker 2 (30:03):
Tom said, only seven past seven, so insight into the
job market. This is for Q two June quarter, eighty
six thousand, five hundred and forty four people moved off
the benefit and into work, which is up five thousand,
seven hundred and seventy two on last year. So that's good.
Flip side though, to eighteen thousand are still on the
job seeker which is up one percent. Louise Upston, Minister
for Social Development and Employment of Courses with US Morning,
Good morning, Mike. I know you like to use the

(30:24):
eighty six thousand or the churn numbers, but I mean,
isn't the real question if your bottom line is getting worse,
which it is, what's the point of the churn? People
will always come in and come off. But that's not
the real story, is it.

Speaker 3 (30:36):
Well, I think what we're doing is showing that employers
are taking on people on the job seeker benefit, which
is fantastic.

Speaker 12 (30:42):
They want more.

Speaker 3 (30:43):
People in work, and so that eighty six thousand people
in the last year is a really important number for
us to focus on.

Speaker 2 (30:49):
How many of those people needed your help versus simply
did it themselves and were always going to.

Speaker 3 (30:56):
Well, I think there's a variety. Look, there'll be people
who have been recently in employment, and many of those
will be able to help themselves. But there are others
that need some retraining, need some reassistance, need some help
with their CV. Listen, I met an employer yesterday who's
taken one hundred and sixty one job seekers off the benefit.

(31:18):
So partnerships with employers that we have been developing over
the last few years is really making the difference. These
are long term, sustainable jobs and that's what we want
for KEYWK.

Speaker 7 (31:29):
See.

Speaker 2 (31:29):
There was one of the reports out this week. I
can't remember the company you did it, but through the
hiring's up three percent. They said there's a lot of churn,
there's a lot of people moving within companies, within jobs,
but three percent hiring. So the two don't appear to dovetail.
There is hiring going on, and yet the unemployment rate
continues to rise. How do we explain that, Well, the.

Speaker 3 (31:48):
Unemployment rate has kind of stated at about five point
three percent. The thirty year average is five point one,
so we're not far off what it is as an average.
But look for me, I focus on every single individual
that we move welfare and into work because I do
know what a difference it makes, And the difference with
our government is we are not prepared to see life

(32:11):
on a benefit as good as it gets, and that's
why we're so focused on reducing the number of people
on the job seeker benefit.

Speaker 2 (32:17):
How much of it's hard work? In other words, if
people have got the attitude and the wherewithal they will
find work, there is work to be found, versus they
might be in the wrong part of the country and
or they might not have any qualifications or the right attitude.

Speaker 3 (32:31):
Well, I think, to be fair, in some parts of
New Zealand it is difficult. So if you are a
job seeker, it can be incredibly challenging. So if you're
working with MSD and they can connect you with an
employer who is looking for your skills, then absolutely that
makes your chances easier. And what we're seeing with MSD

(32:51):
is they are providing great candidates for the right job,
and that is really important and that's why I believe
we're seeing such high exits into work.

Speaker 2 (33:03):
My out of left field question for you this Friday
is the AI story. So you will have heard what
Albanezi said this week. Why aren't we doing something similar
thinking about something similar? Given AI is very much about jobs.

Speaker 3 (33:15):
Well, it's interesting because some of the information I've seen
so far doesn't mean it has a significant impact in
the short to medium term. What we need to ensure
is that our workforce are prepared and ready to use AI,
which is some of the work that the government is
doing thinking about at the moment.

Speaker 2 (33:33):
All right, appreciate it, have a good week. In Louis Upston,
Minister of Employment. Ten minutes past seven.

Speaker 12 (33:37):
God right.

Speaker 2 (33:38):
They tell us power prices are finally coming down. You're
hearing this correct coming down. Investment and renewables capacity, all
that stuff we've talked about for years finally paying off.
Meridian tells us commercial prices they're already falling forecast into
next year. I've got the wholesale numbers down thirty five percent.
Karen Boyce is the ED at the Major Electricity Users
Group and as with us, Karen morning, good morning. So

(34:00):
for you guys the major users, it's real. Is it real?

Speaker 21 (34:04):
It's starting to look real. So many of our members
that's you're in long contract, long term contracts for three
to five years. So many aren't coming up to renewing
them yet, but they're seeing positive signs when they.

Speaker 15 (34:16):
Look at the prices.

Speaker 21 (34:16):
It does look like it's turning around and.

Speaker 2 (34:18):
As much as thirty five percent. If I had a
contract coming up in February, would I be expecting a
major drop in the cost of my power.

Speaker 21 (34:26):
In the generation cost, Yes, but you're still going to
see increases in transmission and distribution. And this is where
I come back to, you're seeing some improvements, but will
you actually see it on your bill?

Speaker 2 (34:36):
Well, this is where it gets fatd. This is what
I would call the small print. So generation makes up
thirty eight percent of your overall bill, which, as it
turns out to the bulk of it, isn't it because
I mean transmissions eight, distributions twenty four, retails eleven, and
all the jiggery pokery is eighteen. But thirty eight is
a major component on any bill. So you should see that,
shouldn't you.

Speaker 21 (34:56):
You should start to see it. It just depends when
you start to renew your contract. And you've got to
remember that these prices have been at record highs at
twenty four to twenty five. So I said, while it's
coming down thirty five percent, it has certainly gone up
to much higher number. So it's an improvement, but it's
still going to be a while to see it on
your final.

Speaker 2 (35:15):
Bill, and when will I see it at home? Do
you reckon?

Speaker 21 (35:20):
I'd say it will take a while. I mean, we're
in favorable conditions. We've got good full lakes. I think
we've got a pipeline of projects, but it is going
to take a while for it to roll through you.

Speaker 2 (35:28):
It's two years away, I would hope not years away.

Speaker 21 (35:32):
But I think you've got generation coming down at the
same time as transmission and distribution going up, so I
think you might see a slow in your increase. So
I think we are still a long time away from
getting back to the average sort of prices that industrials
were facing, and certainly residential prices.

Speaker 2 (35:49):
When do you reckon we reach abundance? Will we ever
reach abundance?

Speaker 12 (35:52):
You know?

Speaker 2 (35:52):
In other words, we've got so much power we don't
know what to do with it.

Speaker 21 (35:57):
I think until we start changing, hell, you're purach the
market to we take a model where we build in advance,
and that includes not only generation, but transmission and distribution.
So I think to build an advance and heaven abundance
does require some good hard thinking from government about how
they approach settings.

Speaker 2 (36:15):
Couldn't agree with you more. I'm going to talk to
luxon about this on Monday. Karen Boys, who's executive director
of Major Electors who uses group. By the way, the
average wholesale price is at sixteen this past week, sixteen
o megawatt compared with one fifty in recent winters in
that famous eight twenty and twenty twenty four. So it's
gone from eight twenty to sixteen. So you can see
there there's some savings to be had, But the transmission

(36:37):
at eight and the distribution at twenty four, that's all
your retailers. And this I worry about this ongoing forever argument,
which is, oh, yeah, that bit's coming down, but unfortunately
the other bits going up. And when I sai jiggery pokery,
metering and levees, eighteen percent of your bill is metering
and levees, and you think that's ever coming down? No,
But anyway, we'll welcome luxemb back on Monday from holiday

(36:59):
with good discussion about that. Fourteen past. Neil Barnes out
of the old black sten wigmore out of Well Music
before eight o'clock this morning, seventeen past. What do we
make of the idea that New Zealand become a testing
ground for new tech this is act. They want to
let the government temporarily suspend regulations and allow what they're
calling innovation trials. You know, driverles caws, Ai, drones, fin
take all that stuff. Eric Crampton, Doctor Eric Crampton, New

(37:21):
Zealand Initiative, Chief Economists with us Eric Morning, Good morning.
So on paper is an idea you and I having
a cup of coffee jaw boning versus the real world.
Is it practical or not?

Speaker 18 (37:32):
Yep, there are places that do this. It's not unique,
but it is something that New Zealand should be progressing.
We are too small to be stupid in this space.
We need to enable innovation in new ways. We ought
to be going a little bit further. It'd be great
to also be recognizing products that are regulated overseas as
being good enough for here. This would let us go

(37:53):
further in As Minister Seymour said, building the runway while
you're still designing the plan. We kind of did that
when rocket Lab got started, so we had no regulatory framework.
They built it in something like eight months. We relied
on foreign authorizations while we were building the runway, and
now it's going really well. We should be able to
do that in a lot more sectors.

Speaker 2 (38:14):
Yeah, but this is proactive as opposed to reactive, which
was what we were with Rocket Lab because we hadn't
even thought about it when they came along. Can we
be Are we the sort of country that literally can
do it? Do you think I.

Speaker 12 (38:26):
Think we need to be?

Speaker 18 (38:27):
Otherwise we're going to fall incredibly behind as AI innovates
in the US.

Speaker 2 (38:31):
What about the II thing this week? So Elbow talks
about II. We haven't even thought about IO. We're not
talking about it at the top level. We've got no
rules around it. That's part of our problem, isn't it.
We don't think about the.

Speaker 18 (38:41):
Future well, where we should be thinking about in it
is well. Part of it would be consistent with an
innovation trial. We make it too hard for people to
put in a new geothermal generation.

Speaker 12 (38:52):
We've got world.

Speaker 18 (38:53):
Leading geothermal potential. We could sink a lot of pipes.
There is a huge value for immediacy and power generation.
We could have data centers from abroad building out our
whole power network for US. If we made it really
easy for them to generate more electricity here, it'd be
a wonderful trial area. See what we can do in

(39:13):
the geothermal zone to enable energy abundance. I'd also love
to see trials around clinical trial abundance. There's going to
be all kinds of medtech that comes through. One of
the bottlenecks that will be in there is getting trials
through quickly so we can prove up new medicines as
they come in. That could be a New Zealand advantage
and one way of getting access to medicines we might

(39:34):
not otherwise have a chance to.

Speaker 2 (39:36):
See, right and so well, then, as you said here,
listening to this on a Friday morning, do you conclude
to yourself that that's bound to happen and we're going
to have that because I asked Leux about it on
Monday and he'll go, oh, yeah, geothermal, we're right onto geothermal,
and we're not because you said that before. We're not.
We are, but we're not. We've got that kind of
we're thinking about it. We're chatting about it. There we

(39:56):
get some nuclear path you have not done even go there.
So you listen to Louise at Upston's answer about the AI.
They haven't thought about that, they haven't got any plans.
I mean, Elbow, for God's sake is a left leaning
he's virtually a communist, and he's drummed up something on AI.
It's not brilliant on AI, but at least he's leading
the field. And these are the things we need to
be proactive on. We're too reactive, I think as a country,

(40:17):
aren't we right? Let's mark the week in a moment seven.

Speaker 1 (40:22):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News.

Speaker 4 (40:27):
Talks AB.

Speaker 2 (40:29):
Good News. If you thinking about upgrading the tech, Harvey
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(41:14):
of conditions and exclusions apply, but the deals and the
pressy cards are there at Harvey Norman Husky eleven twenty three.
Uh time now to make the week little piece of
news and current events. It's as popular as the headspace
the Iranians are currently occupying in Trump's brain in Zidinc
seven encouraging week. I heard Gareth Kernan earlier, but manufacturing
services confidence all up slowly maturely, ain't slowly butturely mody eight.

(41:38):
That was quite the thing in a world where many
leaders are disliked, of not hated, mody packs of stadium like.
He's Olivia Rodrigo and there is a bottom line for
us and an upside as well, so it's all good.
Act eight. I think there is a perception problem a
lot of us, well a lot of it's yet to unfold.
But I tell you what the Paul Henry move this
week so far looks like a stroke of political genius,
doesn't it. Paul Henry himself. Seven. What I would not
like to see is a really strong New Zealand.

Speaker 22 (42:00):
First.

Speaker 2 (42:01):
You know what I like, people who don't need to
do stuff, doing stuff that's laudable. The World Cup. Eight.
There isn't an economically associated story I have read, and
I've read many now that hasn't been glowing and or
upbeat about it all. It has been a massive success.
Construction six. Read Tony Alexander's analysis this week. Noah is

(42:23):
not a boom, he says, but the ingredients are the
post election for some hamerster fly. So I was encouraged
by that. Cathay pisphix. More flights and seats into christ
Church are more than counters Hawaii's or Hawaiian's cancelation of
Auckland to Honolulu. Hashtag swings and roundabout. Matthew Paynes eight.
I mean that guy is now leading in just his

(42:44):
third year the Supercow's Championship. He's not only doing well,
he's leading the whole championship. Brendan McCallum six. On balance,
he's been a nit gain I reckon for England cricket
and he's kept sixty six percent of his jobs. And
that's the class hufull way of looking at that school
holiday six. Who doesn't know? Here's the quest? Who doesn't know?
Eleven people who weren't in the office this week it's
been ridiculous. The DHL exporters report this week seven headline

(43:08):
read like it was a war zone. And yet look
at how we're actually doing. Maybe we're good when the
going gets tough. Maybe that's the message z energy seven.
Release the paperwork the PM lost over the climate law
change and blow me down. If there isn't anything to see,
presumably those who got all breathless can now stand down.
Starma four goodbye Yeah to hear him leave was an
exercise and self important gibberish. He lasted five minutes, cocked

(43:30):
it up to the point they knifed him. Give the
man the legion of honor. The ab seven two from
two first real tests of the season count wait the
worries eight ftter was at home for the first time
in a while to slay a dragon and continue making
there's our yeah exactly, and that's the week. Copies on
the website. New stats show by the way that marking
the week played at least some role in seventy six

(43:50):
percent of school holiday programs over the last two weeks. Husky, So,
this time yesterday England won nil up. And I said,
on this program, this time yesterday, when England up, do
you close down the game or do you go for it? Sammy.
Sammy nodded his head so hard to close down the game,
it was unbelievable. He nodded his head so hard as
head almost fell off. And I said no. I said,
you go out and you get three more and you

(44:11):
put your foot on the throat and you tell those
Argie Bargies what the story is, and you seend the
message to the Spaniards. So I'm reading the reviews yesterday
about Sam's approach to football, and I'm reading a proven
winner with a ruthless streak. Tuckle was seen as the
right kind of different, but because of his background, if
things went wrong, he would not be given any grace
and so it proved. The consensus from the England football

(44:33):
commentariat is that Tuckle committed the fatal sin of tactical cowardice,
that he bottled the semi final, and that England's failure
was down to him and him alone.

Speaker 13 (44:47):
Does it go on to say, this is known as
Sami syndrome.

Speaker 2 (44:49):
It's Sami syndrome. It's when you're leading. Never panic, never
close it down, never run for the hills. Sami syndrome.
Remember where you heard it first? Using a couple of moments,
Neil Barnes, I'll ask him about semi syndrome, ask him
whether he's going to bottle the game this weekend, and
they get ahead. Anyway. He's with this up of the news,
which is.

Speaker 4 (45:09):
Next the newsmakers and the personalities, the big names.

Speaker 1 (45:18):
Talk to Mike, the Mike Hosking Breakfast with Bailey's real Estate,
your local experts with national and global reach.

Speaker 4 (45:25):
News dogs head been.

Speaker 2 (45:26):
There, we go, good news. We waited Mike eighteen months
for our builder. He's got a lot of work. The
plumber arrived yesterday, so his business had sixty one new
houses being built ahead of them. We're a Nathew Wallandji said,
there's doing some business going on. Just in reference. I'm
assuming you're reference in the Tony Alexander thing I talked
about a month ago, right twenty three away. Jim Wigmore
Heir albums out today, it's been a while between albums,

(45:48):
so we'll just give her a call shortly and congratulate her.
But one, what do we got. We got one kicking
off at seven the other kicking off at seven thirty
this weekend, so you've got a choice issue. As the
Warriors played the Dragons and the All Blacks play Ireland, of
course you get that bit sort of what are the
prospects for the Abs? It's the old thirty two year,
fifty two match unbeaten record at Eden Park. Neil Barnes's
assistant coaches back with us. Neil, very good morning to you,

(46:11):
morning mate, Very well done. I haven't talked to you
since you've got your job. Of course you're enjoying yourself.
Is it all working out the way you thought?

Speaker 18 (46:19):
Yeah?

Speaker 22 (46:19):
Look, it's been hard work, to be perfectly frank, But
it's like the first week we only already had seven
or eight days to get ourselves prepared for our first
tests and we're a new management team together, so yeah,
we all worked hard. We got the result against France
with an awesome game of rugby actually, but yeah, now
we're starting to settle into a nice rhythm. So it's
been it could be fair quite enjoyable this week.

Speaker 2 (46:41):
Well that's encouraging. Is it getting easier per se or
more difficult given the opponents to become slightly more califated.

Speaker 22 (46:48):
Yeah, well, obviously the challenge has gone up this week
with Ireland. They're a very, very very good side with
a lot of history there between us. So yeah, you
actually get yourself up for that sort of challenge. So
it's not something that we find daunting. It's just another
day at the office. But we've got a hell of
a record to preserve and the boys are up for it.

Speaker 2 (47:10):
Do you talk yourself up or is that a natural
consequence of being a professional and you would expect yourself
to be up for that anyway.

Speaker 22 (47:18):
I don't think we ever talk ourselves up at the
end of the day. We'll let our work we do
on the field lead the way there.

Speaker 12 (47:25):
But yeah, we're.

Speaker 22 (47:26):
Confident and what we can put on the field. Obviously,
we're still learning the way we're playing the game at
the moment, and we'll make a few mistakes along the way.
But it'd be pretty exciting to watch.

Speaker 2 (47:35):
How much time you mentioned thirty two years all of
that sort of thing. Every time that the sort of
thing comes up. The media makes a thing of it,
Do you make a thing of it?

Speaker 22 (47:44):
No other than just a hell of a record that
other people have earned and we deserve to or the
people that have gone before us deserve us to get
out there and yeah, uphold it. So, yeah, it's not
something we carry us a weight. We see it as
a challenge and excited about it to continue that legacy
in a.

Speaker 2 (48:04):
Ground talk us through the job of selecting the changes
you've made, you know, not necessarily specifically, but you made
some changes. Why would you change? What's the thinking behind that?

Speaker 22 (48:15):
You're growing players? Like at the end of the day,
some players that played the week before, there wasn't much
between two people, and somebody might play a hell of
a good game, and you might say I will reward that,
and sometimes you do. And in another situation you'll say, okay,
well it's great, let's give the other guy I go
now and see how he goes. And that creates competition
and performance lists as a consequence.

Speaker 2 (48:36):
What about the competition itself? You like, you like the
idea of it, this part of the competition, then you
go back later in the year and all of that
sort of thing.

Speaker 22 (48:43):
Yeahs any formal competition. I have no control how people
put that together my pay grade, but I don't mind it.
It's like, at the end of the day, I treat
every individual game as a challenge, and at the end
of the day, if we can get ourselves in a
position to be in a final, that outstanding. So yeah,
it's a bit different to a World Cup or something

(49:04):
like that. It's just a new competition that's come about
and we'll do our best to want it.

Speaker 2 (49:08):
I'm glad to hear you say you enjoyed the French game,
and I mean, I've enjoyed both games, but I'm sume
you read the media and then he didn't do this
and this needs to change, and we were short here
and I'm thinking, I'm sure you guys analyze yourselves because
that's what you're supposed to do, but do you enjoy it.
I mean, I've enjoyed two good games of rugby and
we won both of them. So that's sort of it,
isn't it.

Speaker 22 (49:30):
Yeah, but we're big on paying. You've heard David Rennie
talking about a positive brand of rugby and we're going
to look for opportunities to play and yeah, if you
don't do that, you're never going to find out what
you're capable of. So obviously there'd be times when we
have to rain it in in some games when it's
not going well for us for the conditions don't suit.

(49:50):
But yeah, we'll try and look for opportunities to plan.
I think that's what the public want to see and
we enjoy playing.

Speaker 2 (49:56):
It's a good forecast too. Does that make a great
deal of difference to how you build up to it.

Speaker 22 (50:00):
Oh, yeah, it's obviously nice to have a dry ball
and yeah, so you can actually get on and play
the game we want to play.

Speaker 2 (50:08):
So I can't work out what's going on with Australia.
So they squeak past Australia. This is Ireland. They squeak
past Australia, but Australia lose badly to France. So do
you learn something from Ireland and these those two games are.

Speaker 22 (50:19):
Not really Yeah, obviously we do it analysis work on
those games. But you know, as sport might, at the
end of the day, there's two lots of people going out.
Then there's a whole heap of dynamics in it, and
sometimes it goes you'll wear and sometimes it doesn't, but
it depends how well all, would you I suppose the
day to be consistent.

Speaker 2 (50:36):
Good on you well, good to catch up, go well
this weekend. I appreciate your time as always. Neil Barnes,
who's the assistant coach with the All Blacks. Of course,
Mike regards power prices, sometimes you just can't win. Historically,
our company is a major power user, took a very
conservative approach chose not to hedge. However, the extreme price
lacility we've seen over recent years prompted us to lock
in long term. He just to manage the risk. Ironically,
when I found ourselves paying an expensive hedge while perhaps

(50:58):
spot prices are down, it's a class case of hindsight.
If you don't hitge and prices spike, you exposed. If
you do herege in price is full.

Speaker 7 (51:04):
Y're o the.

Speaker 2 (51:04):
Pay same with markets and investing things like that, isn't it?

Speaker 1 (51:08):
Eighteen two cool The Mike Asking Breakfast Full Show podcast
on iHeartRadio, Coward by the News talks at b Mike.

Speaker 2 (51:17):
I find of fascinating that an Auckland club side playing
in the Australian Rugby League club competition can rival the All
Blacks and viewership. The times have changed well the bag.
I know what you're saying, but the point is that
they're not an Auckland club side. They're a national side.
And you see that when they go to Wellington, when
they go to christ which they sell out. They're a
national side, their national representatives in a particularly spicy, internationally

(51:37):
competitive sporting competition. Mike, I work for consulting FERM. We're
doing a lot of work to empower our customer workflows
with AI. My observation is that AI is not replacing jobs.
It's a remarkable observation to make. It's bringing capabilities to people,
freeing up others from mundane work to focus on higher
value work that requires human expertise and experience. It's an enabler,
not a replacement. I want to desperately agree with you,

(52:01):
but I know you're wrong. Now, you may well be
right in your specific area. I'm sure you're right in
your specific area, and that's an aspect of AI, but
there is no question and the numbers back it up.
There is absolutely no question that AI is killing jobs.
And you've seen literally tens of thousands this year alone,
mainly in America and mainly in the tech sector, of

(52:22):
people literally losing their jobs. They are out the door.
What was it? Was it meta? This week? Who does Xbox? Who? Microsoft?
So Microsoft decided that a whole bunch of them can
go from Xbox. They can't believe it. Apparently they never
saw it coming a minute. But so it's a little
bit of both. I mean, potentially AI is going to
replace me. It won't in my lifetime, but potentially it will.

(52:45):
But so I'm sort of hanging on by a thread
until they work out how to You know.

Speaker 13 (52:49):
We're not thinking of it as replacing you. We're thinking
of it as extending you, or enhancing it, extending you
into the future, or polishing up the program beyond your organic.

Speaker 2 (53:00):
Funnily enough, there was a I finally got to the
season four and five of Hacks. And my great success
of the week, and I'm so proud of this is
I tuned and burned for the first time ever on
a streaming service. I've never done it in my life.
But we got Katie storms through the house last weekend
and she I don't know where it came from, but

(53:21):
she goes, I've made an executive decision. We're getting We're
getting Hayu. We're paying for Hayu. I don't care what
it costs. We're doing it, and we're watching Hack season
four and five. Now, I didn't end up watching season
four and five because I don't have time to just
sit around all day watching comedy programs. But I did
watch a couple of shows, including the finale, and at the.

Speaker 13 (53:38):
End of it, don't tell me I haven't watched it yet.

Speaker 2 (53:40):
Oh okay, we got a seven day free trial, so
we got the seven day free trial, and so we
had to watch it within a week, and the week
turned up to finish last night, and so we got
to the end of it. Good ending. By the way,
now you've got that doesn't do it.

Speaker 13 (53:57):
It could have been a dumb ending ding well.

Speaker 2 (54:00):
Sister in law said tears. She said, there's tears, so
a good sound inding. No, there aren't tears. There aren't tears,
she says, tears. I said, what are the tears. There's
no tears here, and she goes something like you because
you're a hard ass. Anyway, point being, at the end
of watching the final we turned off the auto renew
We turned off the auto in which I didn't even
know what this was. When I say I did this,

(54:22):
I did none of this obviously Katie did this. She
turned off the auto renew.

Speaker 13 (54:26):
I mean, but you almost sound like you know what
you're talking about.

Speaker 2 (54:28):
She was saying it out loud, and I think, oh,
I must tell this story on the radio and make
me sound like I know what I'm texting about.

Speaker 13 (54:33):
Notes. I'll run on with my pin.

Speaker 2 (54:36):
Do you know what hey you says to you when
you turn off auto renew. It says, in turning off
auto renew, you won't be able to access below deck.
And I'm thinking, hmm, tough choice. So anyway, we watched
the finals two seasons of Hacks for Free, and I
feel like I've won something at long last. You you

(54:58):
hacked Hacks, I hacked ha exactly away.

Speaker 1 (55:02):
My hosting breakfast with Defender Trophy News Talks Dea'd be
giving away from a.

Speaker 14 (55:10):
Honey.

Speaker 2 (55:13):
Big day for gim Wigbore first album in eight years,
Beautiful Mess drops today. She was here a couple of
weeks ago, of course, but we wanted to touch base
and celebrate the day, and Jim Wigmore is with us.
Good morning, how are you?

Speaker 7 (55:28):
Hello?

Speaker 23 (55:28):
Damn good morning?

Speaker 2 (55:30):
What's the sandwich of the day?

Speaker 14 (55:33):
Beautiful Mess? Obviously, now this.

Speaker 2 (55:37):
Is the you're you've been around long enough to I mean,
so you've got half the albums out already in terms
of singles, so the rest of the album drops today.
So is there is there a day that you have
that it's today or whatever?

Speaker 14 (55:52):
What do you mean, like it's today? Today is today?

Speaker 2 (55:55):
So it is? It is a day. So what do
you do for the day? Do you have an opening party?

Speaker 14 (55:59):
You're most so many ribbons. I'm just covering in ribbons.
So I've just got says with me at all times
and just cuting ribbons. Basically, you're my first call of
the day. So it's like I just woke up with you, Mike.
It's quite it's quite intimate.

Speaker 13 (56:16):
Really, there we go.

Speaker 14 (56:19):
It's great. It's so exciting. It's like giving birth but
way less painful. It's awesome.

Speaker 2 (56:24):
Does it change? I mean, you've been around long enough
to have released other albums, and do you still feel
pressure or a sense of anticipation or what?

Speaker 14 (56:33):
Oh? Yeah, absolutely, I mean now it's such a feat
to put out an album for me now to be
focused and have the time to actually do it, and
so now it just feels way more of fate to
have had this done. And they have this out today
and it just feels like this really great amount of
support around it. So it's so exciting. Honestly, it feels

(56:57):
like Christmas. I can't sleep much last night. Yeah, great, good.

Speaker 12 (57:01):
Yeah.

Speaker 2 (57:02):
What's the given that you've released half the album in
terms of singles, what's the feedback so far? Is it
tracking well? Of the accountants onto you, the record company fizzing?
What's going on there?

Speaker 14 (57:14):
Did you say other accountants onto me?

Speaker 2 (57:16):
Well, you know, I mean there's revenue streams and all
that sort of stuff.

Speaker 14 (57:20):
I love it. Yes, the accounts are not quite onto me,
but use the fans and everyone seems to be loving
it and really enjoying how vulnerable it is and how
raw it is and how sever clicktic it is. As well,
having such a difference between the beautiful side and the
mess side, it feels like you get a really good,

(57:40):
you know, rid good palette of widespread kind of version
of lots of different genres and styles and things like that.
So it's it's a nice diverse plate of music.

Speaker 2 (57:52):
Fantastic. Do you make it for? Have you made this
for yourself or for everyone?

Speaker 14 (57:57):
Oh? It's honestly hysterepal. It starts with that really, it's
like it's just a way to kind of realize your
thoughts and feelings so you feel a little less mad,
you know, And that's to see, that's the original kind
of starting point of any song for me. And then
it's yeah, it's a really cathartic experience, to be honest.

(58:18):
And then it goes out. And this is their cool
part because it goes into everybody else's life now and
seeps into their world and it sort of connects with
them on however they're feeling and however they resonate with
the songs. And then I get that feedback when I
play live shows, which is sort of the next step was.

Speaker 2 (58:37):
Going to I was going to say, you're touring this obviously.

Speaker 14 (58:40):
Yeah, totally. My god, you can't get me away from
touring it. It's going to be so much fun. I've
got big plans.

Speaker 2 (58:46):
My big plan, well, congratulations on the day, lovely to
catch up, come in and sing us one of the songs,
you know, get up early, bring a guitar in.

Speaker 14 (58:55):
And this early thing doesn't really work for me, Mike,
I'm so sorry. We think of an afternoon date time again.

Speaker 2 (59:02):
Okay, Well, well we'll arrange something when they dump me
to drive, I'll get you on in the afternoon or
something nice. Anyway, go well today, good luck with it all.
Jin Wigmore, we love it. You can't not love her,
can you. That's what I've learned this week. I've met
too inspiration that I haven't met them because I know it.
But Roger Tudy Vasishek and Paul Henry uplifted me immeasurably
this week, and she's just done the same. I loved

(59:22):
Jim Wigmore. Who doesn't love jin Wigmore. There are certain
people you can't help but love. Kate Hawksby, speaking of
which and Tim Wilson. But moments away.

Speaker 1 (59:43):
In a noisy world, hear yourself think it's the Mic
Hosking Breakfast with a Vita, Retirement Communities, Life your Way News,
togs Head B.

Speaker 2 (01:00:11):
This is Sookie Waterhouse. I have no idea whether she
is related to Gay Waterhouse, as in the horse racing name,
but I suspect not. But waterhouse unusual name is the
only reason I say that. What I do know is
she is married to Robert Pattinson, which I only know
that because I read that this morning. I didn't know

(01:00:32):
it previously. What I can also tell you is she
put out a double album a couple of years ago
called Memoir of a Sparkle Muffin, which if this was
if this wasn't the Year of Cool album names, that
would have won the Album of the Year award just
for the name itself. She's got some collabs in here

(01:00:52):
which I found interesting, one of which is mc fleetwood,
who is relatively well known, and Joel Little. New Zealand's
Joe Little is one of the collaborators in this particular album.
So I think I've made this album sound quite interesting.
I think I've sold this very well because I'm not
enjoying the music much. It's actually Loveland by Sukie Waterhouse

(01:01:15):
and there are fourteen tracks in most fourteen tracks last
for forty three minutes.

Speaker 1 (01:01:18):
In seventeen, the Week in Review with two degrees Fighting
for Fear for Kiwi Business.

Speaker 2 (01:01:24):
Kay Hawk's b Morning, Good morning, Tim Wilson, Good morning,
Good morning, Mike Cosking. Here we go.

Speaker 5 (01:01:34):
I'm so glad that you said you're inspired this week,
because I too am inspired this week, and I was
inspired by Paul.

Speaker 24 (01:01:41):
I'm loving that.

Speaker 5 (01:01:42):
This election is shaping up as a series of Dancing
with the stars.

Speaker 24 (01:01:46):
It's got those bites. We just seed Candy Lane and
we're in. It's so cool.

Speaker 5 (01:01:51):
But I love that it's such a smart move because
Paul is a walking headline and he will grab attention.
He's a great communicator, Eve and if he I know,
he's not one of life's you know, he's not really
one for committing for the long term to anything. But
even if he just sees them through the campaign to
the election, he will have done act a massive service
because he's dead right. You've got to get those disillusioned

(01:02:14):
national voters. You've got to get them away from New
Zealand first and onto you don't want New Zealand first
being the major player and the coalition. So I think
he's onto something and I hope he's effective for them
because I think it's a great move.

Speaker 2 (01:02:26):
How well do you know Paul Tim.

Speaker 25 (01:02:30):
Not not that well. I've met him a couple of times.
You from your interview, you seem to know him very well.
I liked I liked the reflective sort of tone that
was that you know, he's what is he He's sixty
five now, he's he's a lot older than you and
I might so you know, he's got got more miles.

Speaker 4 (01:02:49):
On the clock.

Speaker 13 (01:02:52):
He's a gold exactly.

Speaker 2 (01:02:53):
But there was but there was something.

Speaker 25 (01:02:55):
There was something that's sort of obviously a sense of okay,
so what's my leg is he going to be?

Speaker 2 (01:03:00):
I better do something?

Speaker 12 (01:03:01):
I think.

Speaker 25 (01:03:01):
What's interesting to me is like it's like, oh, it's
going to cut you know, it's going to cut National's lunch. No,
he's going to cut New Zealand's first New Zealand first lunch.
I think because he is spicy, positive and a bit dangerous.

Speaker 5 (01:03:13):
And he's not afraid of the media, which so many
politicians are. So I think he'll be really you know,
he'll know how to handle them, which I think is awesome.

Speaker 2 (01:03:22):
It's going to be interesting to watch him where I think,
And I don't want to criticize him because I like
him too much. Do you like him? I mean a
number of people this week. I mean a lot of
people know him, but a lot of people I've always
loved Paul.

Speaker 12 (01:03:32):
I think.

Speaker 2 (01:03:33):
I think I think Paul's that's good.

Speaker 5 (01:03:34):
It's good to be a divisive character. It means you
stand for something, and it means you believe in something.
You don't want to be blamonge and boring and everybody
thinks you're a nice guy.

Speaker 24 (01:03:42):
That's nice Guy's finished last.

Speaker 2 (01:03:43):
You know what I think I like about him most
of all, he's like me. And we were saying that
to each other. And when he was in the studio,
because it was it was actually like you.

Speaker 25 (01:03:52):
It was like you interviewing you, and then you.

Speaker 24 (01:03:55):
Are no wonder you love him.

Speaker 2 (01:03:58):
It's like a mirror we use. He used to We
used to have the best time. He used to drive.
He was living in the wire a rapper, and I
was hosting a show called New Zealand Tonight and he
was in the wire a rapper running an old person's
home because he's an entrepreneur. His dad's really I don't
know his dad's still alive. I'm assuming not. But his
dad was an old entrepreneur. And he tells a great

(01:04:18):
story about shipping chain. He cornered the market and shipping
chain once and the world was desperate for shipping chain,
you know the chain on a ship that when you
drop an anchor, And so the world ran short of
shipping chain apparently for some reason. And Paul's dad cornered
the global market and everyone went, well, what are we
going to do? For our anchors, and Paul's dad went, well,
only going to have to buy it off me, aren't you.
And that's very Paul Henry. So he's a chippy. He's

(01:04:39):
clearly a chip off the old block. But he was
running a retirement home in the wire a rapper, which
is when he ran against Georgina Buyer of course, but
he used to drive over the hill which is no
mean commute to come into the studio when I was
doing New Zealand Tonight and he was reading the news
on New Zealand's Night and we just used to gas
bag like like a couple of old women with a
shandy and cigarette. That was like quest of times. I think.

Speaker 24 (01:05:04):
I think he is a hard worker.

Speaker 5 (01:05:05):
And what I love about New Zealand is you can
go away and be a neudist in Palm Springs for
a while and sell your boat around the place and
then come back and stand for government.

Speaker 24 (01:05:13):
I love that.

Speaker 2 (01:05:13):
Yeah. But the thing about us being similar what we
were saying is I would if you said to me,
as Paul Henry a friend of yours, I'd go yes,
But I'd have to qualify it because as we talk
to each other, we've not seen each other in years,
and yet we literally live around the corner from each other,
and we like each other, but we're both reclusive, so
therefore we'll never see each other, which is the weirdest

(01:05:35):
thing of all.

Speaker 5 (01:05:36):
Yeah, but there's a camaraderie there because your kindred spirits. Probably,
I think he was greatly said, you're both you're both
loners and you don't need people, and I actually I
really admire that characteristic because you know, you might want
to socialize with people, but you don't.

Speaker 24 (01:05:50):
You don't need them.

Speaker 5 (01:05:50):
To give you something back, which I think is.

Speaker 2 (01:05:52):
No, that's true. I've got a question for you in
just a moment, tim As regarding Americana and your time
in Americas. They don't go anywhere.

Speaker 1 (01:05:58):
Thirteen past Okay, The Mic Asking Breakfast Full Show podcast.

Speaker 4 (01:06:04):
On iHeart Radio powered by News Talks a B.

Speaker 2 (01:06:08):
It's a quarter pastake.

Speaker 1 (01:06:09):
The Week in Review with two degrees fighting for fair
for Kiwi Business.

Speaker 2 (01:06:14):
Yeah, somebody obviously missed the interview with Paul. So when
are you running for parliament?

Speaker 12 (01:06:17):
Mike?

Speaker 2 (01:06:17):
We said it in the interview. I'm never and that's
why what Paul did this week, because I would never
do what he's doing. But I think you're right, Tim,
I'm just not convinced he's going to be there for
the long haul. He's not a life for anything, is he?

Speaker 4 (01:06:30):
No?

Speaker 1 (01:06:31):
No?

Speaker 25 (01:06:31):
And also also I loved we needed the press launch.
It's like he just literally pulled a ten billion dollar
cancer hospital out of.

Speaker 2 (01:06:43):
It'll cost a whole lot of billions and but the
TU we'll get some rich people.

Speaker 4 (01:06:48):
It'll be fine.

Speaker 2 (01:06:50):
The tricky part is when is Paul Henry the broadcaster?
You can say that and people go, ah, good old Paul.
When he's Paul. When is Paul Henry the MP that
we're paying for? He'll go, what, Dicky, there's another dumb
idea from him, isn't it? That's the problem? Hey, GGS, Cadie,
just quickly down memory lane. You know when you work
for GGS the were you at Uni? Were you were

(01:07:10):
you at Uni?

Speaker 22 (01:07:11):
Yes?

Speaker 2 (01:07:12):
Do you argue? What what? What's? What's? Sorry? It was
a restaurant club, Sorry, like.

Speaker 4 (01:07:20):
A restaurant, Thank you, thank you.

Speaker 2 (01:07:24):
I thought it was interesting. Do you argue when you
did your degree in mari studies and debating, do you
argue road? Yes, by doing that, by doing that, by
doing that, at.

Speaker 24 (01:07:36):
Least I've got one.

Speaker 5 (01:07:37):
You didn't even go to university, and I did not
do all Marty studies in debating just a little bit.
It's a little bit, you know what, you know what
my time doing Marty studies back then, way before it
was even cool.

Speaker 25 (01:07:52):
Well my head of his time too. Because I think
the future there will be few. I think that the
sort of you know, you go to university to get somewhere,
I think that is going to change.

Speaker 2 (01:08:01):
Couldn't agree with. In fact, ironically, I've said that for
forty years, So I'm forty years ahead of my time. Job.
So my question, O, Katie, was do you feel because
you worked long hours? You also worked at the bakery?
Remember not just did you have worked.

Speaker 24 (01:08:14):
Three jobs for Johnny?

Speaker 5 (01:08:15):
Because yeah, you got to, you have to, you need
the total and you've got time.

Speaker 13 (01:08:20):
Why not are you?

Speaker 14 (01:08:22):
So?

Speaker 25 (01:08:22):
I actually I worked as a cleaner, and I was
up at Radio Pacific standing in a haze of Rothman smoke,
vacuuming the floor.

Speaker 2 (01:08:31):
At Chris Carter's feet, and that was this is pre Dyson,
wasn't it. This is pre Dyson.

Speaker 4 (01:08:38):
This is pre Dyson.

Speaker 2 (01:08:39):
And I remember Chris Carter saying he pointed.

Speaker 25 (01:08:42):
At me and said, you know what, mate, I could
get twenty thousand people on the streets of Auckland just
like that, and then it.

Speaker 2 (01:08:51):
Was amazing. My question, though, was, do you think you're
working at UNI? You get a better degree or do
better at UNI because as you've got the jobs, which
is what this week's research shows.

Speaker 24 (01:09:03):
I saw that research.

Speaker 5 (01:09:04):
I'm not sure about that because you could argue people
who are studying law and medicine and you know, quite
demanding may require themselves to apply themselves a wee bit
more and the time might be invasive. But I do
think it's good for you know, good for the soul.

Speaker 2 (01:09:20):
You should work?

Speaker 24 (01:09:21):
Will you give it a risk? At least I got
a degree degree?

Speaker 4 (01:09:26):
What's wrong with that? What's right?

Speaker 2 (01:09:28):
Actually?

Speaker 5 (01:09:29):
Actually, Kate, you're ahead of political studies.

Speaker 24 (01:09:32):
Thank you very much, thank you.

Speaker 2 (01:09:35):
There we go anyway my question, yes, yes, finish your thought.

Speaker 25 (01:09:40):
No, I just say work builds characters and that's that.
That's the problem in the in the sort of the
post the sort of post ai era, is how we
going to form people? Because we got I got formed
by vacuum at Chris Carter's feet and needing oxygen and
resuscitation afterwards, but it's it's that kind of those kinds
of situations at work actually make us.

Speaker 2 (01:10:01):
How your question for you? So, I'm watching Quarterback, which
is on Netflix. It's about these quarterbacks in the NFL,
and there's a theme throughout the three seasons. The theme
is and it's on Americana. There seems to be a
and I want you the answer to your question. Is
this America generally? Or is this America an elite level
of sport? There seemed to be a disproportionately large number
of religious people and to that extent, for example, one

(01:10:25):
of the latest stars is their parents have cushions saying
I loved God and praise be to Jesus, and wear
nothing without the Good Lord. And the other thing that
seems prevalent is they all marry their childhood sweethearts. So
the disproportionate number of people. And I met her when
we were substeine and we went on three dates and
then we got married and we've been together ever since.
We've got five kids. Is that America or is that

(01:10:47):
we it and just unique to elite level sport.

Speaker 25 (01:10:52):
So I lived I lived in New York City, which
was as metropolitan urban. I don't think it's a place
where people married their childhood sweethearts. That's probably more in
the Midwest.

Speaker 2 (01:11:02):
What they call the fly of Estates in terms of.

Speaker 25 (01:11:07):
Sort of the place of faith in American public life,
much much bigger than it is here.

Speaker 2 (01:11:12):
No question.

Speaker 25 (01:11:14):
I often say, you know, you can't be president of
the United States without saying that you have a personal
relationship with Jesus Christ. In New Zealand, if you say
you have a personal relationship with Jesus Christ, you will
never ever ever be prime minister.

Speaker 2 (01:11:26):
Very very good point. Are you looking at Christian America? Sorry, Kerry,
carry on.

Speaker 5 (01:11:31):
Hey, I just wanted to before you do a pop
quiz or rate something out of teen or strike up
a bit, I just wanted to shout out. I just
I had another inspirational moment this week, Yes, where I
met a woman. She's seventy eight years old, so same
age as my parents. She strength trains, lifts heavy, heavyweights,
heavy than I could lift. Twice a week. She does
yoga three times a week, plus she does zomba, and

(01:11:53):
it's so impressive.

Speaker 24 (01:11:55):
There is nothing more impressive to me.

Speaker 5 (01:11:57):
Than older people who are out there just going for
doing stuff, being active and pushing themselves. It's just so
and I actually think there's more of that about now.

Speaker 24 (01:12:06):
Than we acknowledge. And to any older person who's.

Speaker 5 (01:12:09):
Out there getting it, it's so impressive and love to
see it.

Speaker 24 (01:12:18):
You're too much today? Has Sam got your coffee or something?

Speaker 2 (01:12:21):
Today? All I want to do is the segment by
asking the question, you're looking at doing any post grad work?

Speaker 7 (01:12:28):
Oh?

Speaker 24 (01:12:28):
God, don't come home.

Speaker 13 (01:12:32):
It is a loser.

Speaker 1 (01:12:38):
The Mic Hosking Breakfast with Bailey's Real Estate News Talks
BB The Mic Hosking Breakfast Full Show podcast on iHeartRadio
powered by News Talk Sibby.

Speaker 2 (01:12:52):
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you're here to Chemists Warehouse today and you stop paying
too much. Husky Mike, thank Cape for her words of encouragement.

(01:13:56):
As I cycle on my mountain, on my mountain on
I assume you mean you and bike on the Lake
Harweir Bike Trail at the age of seventy three. Good
on you.

Speaker 13 (01:14:05):
I just had to text and bike at the same
Well that is true if you're going down.

Speaker 2 (01:14:08):
Hell, we'd all know that. Do you know I'm not
allowed to cycle at the moment because I'm getting the
my annual PSA, you know, the prostate. They don't want
you're cycling or rowing for three to five days. You
can't cycle or row for three or five days because
of the you know, the saddle, and so I'm sands
cycling at the moment for three to five days. Why
then go get a blood test?

Speaker 13 (01:14:27):
No, I was just thinking the other day when I
saw you on the office chair and there turning off
the light, I thought, can you still stand on one
foot on a Swiss ball?

Speaker 2 (01:14:37):
Very much? I can stand, I can, I can do
everything stand on one leg. I can.

Speaker 13 (01:14:42):
It's because you didn't give me full confidence on the
office here. I've got to be honest with you.

Speaker 2 (01:14:45):
I'm super flexile and I'll show you sometime just for
fun news for you.

Speaker 13 (01:14:51):
In a couple of months, I'm recording this.

Speaker 2 (01:14:53):
Yeah, Murray Olds.

Speaker 4 (01:14:56):
Credible, compelling, the breakfast show you can't best.

Speaker 1 (01:15:00):
It's the Mic Hosking Breakfast with Defender Trophy, Epic Adventure,
Greater Purpose News Talks Dead d Mike.

Speaker 2 (01:15:06):
Not just while studying, working, while working, We got a
deposit for our first house in the eighties by having
a part time cleaning job on top of the forty
five our full time job. I don't know if people
do that anymore. That's good, Mike. Twenty plus hours a
week at high school got in cea level to endorse
with excellence last year. Just to thought well done, Harry, Mike.
How some works in Australia currently looking at culling five

(01:15:26):
thousand employees from a fifteen thousand total staff due to
AI implementation twenty three to nine.

Speaker 16 (01:15:33):
International correspondence with ends and eye insurance Peace of mind
for New Zealand business Murray aldsst.

Speaker 12 (01:15:39):
I tell you, man, Michael, very good morning mate, pretty good,
thank you.

Speaker 2 (01:15:42):
So when we last spoke on Wednesday, we were sort
of previewing the sort of headline watch me Go speech
from Albanzi and his AI. Turns out he's opening a
department within his office, an office within his office. Yes,
did he achieve anything beyond that?

Speaker 26 (01:15:56):
Not?

Speaker 12 (01:15:56):
According to Angus Taylor, the opposition says, just to full
of motherhoods statements, and you know what he's done is
create more bureaucracy. And I guess on one level, that's true.
On the other hand, you know you'd have to grudgingly
give alb and Easy some credit for at least addressing
this issue. I mean, if you went to your local

(01:16:17):
woolworks or ald or coal supermarket, I bet there's not
one person in there who could give you a coherent
idea about what AI is. And that's just this general
broad ignorance. At least Albanezi has said, listen, this is
it's coming down the road at us. It's an enormous
opportunity to harness a technology that is only in its infancy.

(01:16:40):
But we're going to be aware of it. We have
to actually try and get a handle on it. And
smarter brains than mine, not yours, of course, but smarter
brains than mine are there now grappling with this very idea.
What the hell is how can it be applied? It's
being applied right now across the broadest possible spectrum, health
and energy, and transport, medicine and I mean everything everything.

(01:17:02):
And you've got university students who are getting degrees by
having all their essays done by AI. For God's sake.
Now it's yes, it's it's infancy. In Albanisi and his
company and his company, his government grappling with it as
best they can, but there's so much we don't know
about it. At least they're having a look at it.

Speaker 2 (01:17:20):
Yeah, no, that's true. I agree with you on that.
Where is going to come a cropper? And this is
the social media story as well, is that when he
starts talking about anything, else's theft. So how he controls
the tech companies from scraping information and sort of putting
some guardrails around what's yours and mine and not theirs,
and how they teach Ai and all that, that's going
to be a trick. And I don't think I don't
think he knows how to perform that trick. And I

(01:17:41):
don't think anyone knows how to perform that trick.

Speaker 12 (01:17:44):
Well, not yet, not yet, But you're dead right. I mean,
if your son or daughters has created some music, or
has written a book, or has presented a paper, why
should some other bloody third party, a massive corporate making
billions come along and just steal at It's not fair credit.
But how do you protect that?

Speaker 2 (01:18:02):
That's well know it's come up with the answer. That's
the problem, just a quickie. I've been mean to ask
you this for a couple of weeks, This anti Semitism
inquiry you've got going on. I got particularly interested a
week or so back because some of the media people
were involved in it. But is this getting headlines? Is
this going anywhere? Is just a lot of people turning
up and offering their rickens?

Speaker 12 (01:18:21):
Well, look, it's it's not. It's a good question because
when it started it got massive headlines. Now it's just
this low level, disgusting, low level evidence being presented to
a very important public inquiry. But this week it was
the vice chancellors of some of Australia's most prestigious universities.
These are people on one and a half two million

(01:18:42):
dollars a year, these vice chancellors, right, so four times
the Prime Minister's salary. And yet the evidence that was
given was just sickening. How these people could allow on
the on the university to have one hundred days of protest,
people dressed up and all sorts of you know, from
the guards to the sea, all the pro Palestinian stuff

(01:19:06):
to the point. And you know, and they said, listen,
we've got no problem with protests on university campuses. It's
a free country. But at what point do they intervene
when Jewish students and Jewish academics are being targeted. They're
afraid to walk past these body encampments with their tents
and their signs and all the rest of it, and
their chance and idiots doing Hitler salutes on online content

(01:19:31):
so exposed this week, I think Mike that they really
had no plan to deal with it, and when it
just kept going and going and going, there was no
plan to actually protect the Jewish students that they should
have protected. Why they're hell did to be frightened to
go to UNI and have some idiot and a kaffer saying, oh,
you know you're a buddy baby killer or something. It's
not fair?

Speaker 2 (01:19:50):
Yeah, exactly. So what are they going to do? Put
a report out saying there's been far too much anti synotism,
it's not acceptable and it shouldn't happen again.

Speaker 12 (01:19:57):
I think the end of the year will know a
lot more of the w who's running this. You would
not want to cross. You would not want across her
at all. I think if you're playing poker, whether you'd
count your fingers when you get up on the table.
She's a straight shooter. Former High Court judge very very bright.
So you know we have to wait to the end
of the year.

Speaker 2 (01:20:14):
Can for if you know any body in these government
agencies that's spending all this money to go listen to
a dour and speak, can you just say we've lived
through three years of her speaking and really we'd want
our money back, And they're probably you know, really, oh
sez I honestly, mate, I've.

Speaker 12 (01:20:27):
Got your ticket. You and I can go twenty four
and a half thousand dollars. Very helpfully. This morning the
Australian newspaper run by Ripert Murdoch has suggested that maybe
at four four hundred and ninety nine Australian dollars, it's
a bit much when you're considering Taylor Swift was twelve
hundred and fifty.

Speaker 2 (01:20:47):
I reckon, yeh, look, I mean from her point of view,
if she can command big bucks to wander around the
world and go and then usually got good luck to her.
But you know, honestly, when it's taxpayers money, I mean,
what a joke.

Speaker 12 (01:21:00):
Well, you know she is a contemporary leader. Also on
the building got bill shortened. Well, I mean I wouldn't
cross the street to hear bill. I mean, I feel
a bit of the way about Bill that you feel
in there, But you know it's going to be a
fireside chat at Q and a style about discovery, cultivating,
unleashing a different kind of power or live stream. Wow,
you know it's going to be her notion that leadership

(01:21:22):
requires not just a thick skin or an iron fist,
but the ability to communicate and share ideas.

Speaker 2 (01:21:28):
That's right, that like that. No, well we lived. We
had three years of it, mate, and we got rid
of it. Of course, a look, have a look at
the result of the twenty twenty election to tell you
what we thought of it. Hey, quick question. So some
guy called James Pinicci I'm reading yesterday and the Sydney
Morning Herald. Peronicci being I'm assuming he's Italian, he says,
if you want something emblematic of the post truth era

(01:21:49):
in which we live, look no further than Melbourne's claim
to be a world leader in coffee. Something demonstrably false
has been willed into existence by marketing spivs. The city's
coffee rangers from unpleasant to utterly undrinkable. Yet we're being told,
We're being told it isn't just great, it's somehow worth
six bucks of our hard earned is he right?

Speaker 12 (01:22:09):
Well, look at a long time since I've been down
in Melbourne sitting there coffee last time I was there.

Speaker 2 (01:22:14):
But you're a barista, it was quite well.

Speaker 12 (01:22:16):
You know, the last time I was there, the Melbourne
coffee was okay, But in my experience it a heck
of a lot nicer in Sydney. And if you go
to North America, do not ever drink the coffee now,
I just think it's dishwater.

Speaker 2 (01:22:30):
Well, this guy's recommending Pisa Airport. Now I've never been
to Pisa, but he says, in Pisa, a cappuccino costs
you a Euro fifty, which is two dollars forty, and
an espresso two dollars ten. And yet you go to Melbourne,
Sydney you're paying five or six bucks.

Speaker 12 (01:22:45):
Look, you don't mind paying six dollars for a coffee
if it's a bloody good coffee, But if you pay
six bucks in it's dishwatery. I feel ripped off, particularly
when it's cold and some local hasn't shaved for a
week says how good it's this bucker up?

Speaker 2 (01:23:00):
See this thing? Marry Olds on the mic Hosking Breakfast
Friday morning. Here's a headline to wake you up. Do
not underestimate what's going on to the housing market in Australia.
Panic's probably not too strong a word. Yesterday's story I
read A generation's long belief about house prices has just
been shattered. It is in free fall in that part

(01:23:21):
of the world. I might give you a few numbers
in a moment eighty five the.

Speaker 1 (01:23:25):
Mike Hosking Breakfast Full Show podcast on iHeartRadio, Howard by
Newstalks at be given.

Speaker 2 (01:23:32):
We alluded to it earlier this morning. I'll just give
you the Netflix result which has just come in. Shares
a down eight percent, so the market didn't like it.
Revenues up thirteen and a half to twelve and a
half billion this for a quarter. Operating income up eleven percent,
operating margin thirty three percent. Primarily membership growth has driven
it in higher advertising revenue, double digit revenue growth across

(01:23:55):
all geographic regions, revenue surpassing four billion in Europe, the
Middle East and Africa, one point five in both Latin
America and the Asia Pacific. So it was what they
thought would happen did happen roughly, but the market still
was not convinced. Yeah, housing in Australia, so prices in Sydney,
in Melbourne down three and a half percent since the
property downturn per can that was only a couple of
months ago, so three and a half percent. In counting

(01:24:16):
before this year, Australia's recorded ten national property downturns and
over forty and forty years four decades, so ten downturns
in forty years. The big debate they're having is how
long does this go. So previous downturns two lasted less
than six months, five lasted between six and a year,
three took over two years, None longer than two years
are maxed out at eight percent per year. Now, the commentariat,

(01:24:42):
not universally but generally seems to think this is going
to be a bad one and that the thing that
will trigger the change is a cut in the cash rate. Now,
if you're following the Australian economy and the Reserve Bank,
there is no cut in the cash rate and therefore
there is no turnarround. Therefore, well that's why they think
this is going to go on for us the same

(01:25:03):
period of time. Hope they're wrong, obviously, but that is
in part is why the New Zealand story is turning
around for the better and the Australian story is turning
around for the worse. And we'll start to see more
and more New Zealanders, if not Australians heading our way.
Ten to nine.

Speaker 1 (01:25:16):
The Mike Hosking Breakfast with al Vida Retirement Communities News
togs had been not.

Speaker 2 (01:25:21):
Every day you see your retirement village with a one
hundred year old boat. But that's what's happening. I've told
you about this before. It our Vida ta punaway or
a fantastic place. Temperatures have dropped, of course in Kerry Kry,
but there's no slowing down for the residents at the
retirement village turban out there on the water aboard the
beautifully restored Alma g the famous almogy. All the locals
know about the Almogy. So not only have there been
trips to Russell for lunch, they've also had very successful

(01:25:43):
fishing expeditions. They're hooked in some impressive halls and then
they bring them all back and they fill it them
up and they share them with the neighbors. And that's
how this thing rolls. So across Avida, Living well communities,
whole range of resident led activities. You have b bike groups,
your brew clubs, your garden groups, your exquiscised classes. All
that your interest in an r VIDA community, you're going
to find somebody else who shares it. And that's the

(01:26:05):
magic of the place. So it's it's it's there's moretal
a vida. They're all individual communities and they all tell
their own story and the omogy is just a classic
example of that. If you want some more details about
a vida and what they do, r vida dot co
dot z a r v I d a r vida
dot co dot in z asking listen to this song.

Speaker 23 (01:26:25):
Diet dot paper Aiman Carver sat on the bata wather knockain.

Speaker 13 (01:26:37):
Hona be.

Speaker 23 (01:26:40):
Untouchable, Hona be Untouchable.

Speaker 2 (01:26:48):
A lovely song. I put that on my steck this week.
It was on Hacks in one of the final episodes Gleaned,
just as it was.

Speaker 13 (01:26:56):
Again where song was going to be in that or night.

Speaker 2 (01:27:00):
Now, I know when you get to that song, he's
in the mail room. He's in the mail room. Stop,
he's in the mail room, and he discovers something interesting
in the male room, and then this song comes on
and I thought, wow, what a cool song to me.
It is the name. I've never heard of it. Bovine
Excision is the name of the song. It's just a brilliant,
brilliant song on the stick and if it's on my stick,
it should be on your stick. Five minutes away.

Speaker 1 (01:27:22):
From nine trending now with Chemist Wells keeping Kiwi's Healthy all.

Speaker 2 (01:27:27):
Year round, Open Royal, you know, Birkdale Golf, all that
sort of stuff. So we're the got the build up
to this. So we've got a theme. See if you
can spot what the theme is. Here's Scotti Scheffler.

Speaker 20 (01:27:37):
It's gonna sound a little morbid, but at the end
of the day, you're gonna lived my life and then
it's going to end.

Speaker 11 (01:27:40):
And when it ends, I'm going somewhere else and I'm
not going to be here.

Speaker 18 (01:27:44):
Sorry, no, it's true.

Speaker 13 (01:27:46):
But it's gonna be a quota for this, yoe.

Speaker 12 (01:27:47):
Last year's what's the point?

Speaker 8 (01:27:48):
And this year we're all going to die.

Speaker 2 (01:27:52):
So but then Rory came on.

Speaker 26 (01:27:54):
I would like to think that the people that love
and care about me think a certain way of but yeah,
I'll be long gone, I'll be dad.

Speaker 12 (01:28:05):
I don't I don't think.

Speaker 26 (01:28:09):
I'll be seeing what people say about me. I'll be
six feet under.

Speaker 2 (01:28:12):
There's a fantastic moment in the Quarterback series on Netflix
where Joe Flacco is, who's the star of the series.
By the way, he's the world's nicest guy and he's
reflective like these guys. And he got given he was
the MVP in the super Bowl. He won, he got
given a corvette and he's never driven it, and it's
sitting in his garage full of dust. He has no

(01:28:33):
idea where the key is. He's never driven it. And
the reason they never drive it, as his wife said,
we're a practical family in a corvette. It's not really
practical because we got five kids. And then he goes
into his whatever room and he pulls out this this
metal football that you get when you win the Super Bowl,
and clearly no clean has been near it in the
ten or fifteen years since he won the super Bowl.
It's filthy, and he goes, this is just stuff. And

(01:28:55):
then he picks up his super Bowl ring and he goes,
you know, at the time, you think this is really important,
that this is all you live for, that this is
all you want in life, but really the kids are interested,
but that's about it, and he puts it back down
on the shelf. He said, I was once upon a
time going to build a trophy room and have some stuff,
and he said, I just never got around to it,

(01:29:15):
and I got other things to think about. So between Scheffler,
Flacco and Rory, I think they've got life pretty much
sorted out. You've got to love it and live it,
and if you're not doing it, you're doing something wrong. Anyway,
you have a good weekend. Enjoy the rugby, Enjoy the warriors,
Enjoy the f one. Enjoy it all, and we'll see
you on Monday.

Speaker 1 (01:29:41):
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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