Full Show Podcast: 17 November 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
You're trusted home for news, sport, Entertainment, opinion and Mike
the Mic Asking, Breakfast with the Defender, Embrace the Impossible
News togs Head, be Well.

Speaker 2 (00:11):
You welcome today the Trade Minister on the Trump tariff
back down, Sir John Kerwin on the all black ants,
the pms and the lads ruin the commentary box of course,
Richard Arnold's see price they pony.

Speaker 1 (00:20):
Up as well, pasking Welcome to.

Speaker 2 (00:22):
The week Monday morning, seven past six. Big win of
course for New Zealand Inc. And a lesson for everyone
who doesn't understand tariff's. Donald Trump has cut the tariffs
on beef. The beneficiaries are largely US, Australia and Brazil.
Brazil had a fifty percent tariff, so they will be thrilled.
We at fifteen and ten for Australia may not benefit
as much, but given we're balling anyway, as they say,
anything that gives us a chance to sell more has

(00:42):
got to be welcome. Latest figures show that we've had
a fall off in volumes of beef to the States.
What's helping us is the value. Volume is one thing.
Value is another. If the value offsets the volume you're
still winning. Of course, if the world only understood the
true value of a terrif free environment, we'd all be
better off. But that debates memes for now to be
losing grand globally as more and more economies retrench. Anyway,

(01:04):
the reason Trump moved is because he's in trouble. He's
in trouble on a lot of things, and unless the
tired terms this time next year in the midterms, it's
all going to come home to roost and the Republicans
will lose their rescendency. And if that happens, they'll turn
on the president and the latter part of the President's
term will be what they call lame duck. In some respects,
it's been a surprise that his line of abstract economics
has lasted so long. I mean, there's nothing particularly complex

(01:26):
about tariff's And to be fair to him, if China
say charges you're thirty percent on something, the reciprocal tariff
is not out of order. But the slap them all
approach he used on a place like New Zealand and Australia,
not to mention Switzerland that only just got sorted over
the weekend, was bizarre, if not completely nuts. All that
crap about importers and countries paying tariffs was never real.

(01:47):
And as Americans lined up at the butchers to pay
more for New Zealand beef, they got angry, and they
got angry to the point Trump had to acquiesce. So
the tariffs fall in places like New Zealand and cash
and it is good. I suppose to be on the
right side of the argument.

Speaker 1 (02:01):
Wow, News of the World in ninety six right.

Speaker 2 (02:05):
To Britain weather Stamerku talk rolls into a new Week.
Perhaps to mitigate that a little bit, they've rolled out
the Home Secretary to talk tap on illegal.

Speaker 3 (02:12):
Migrant That matters more to me than almost anything else
in politics. I'm not willing to stand back and watch
my country be divided when I know we can fix
the reason and the problem that is causing that division.

Speaker 2 (02:24):
Travel is as the toy is only too happy to
point out the old track recorders and that flesh.

Speaker 4 (02:28):
They said they were going to have a one in
one out deal, which has turned out to be sixteen
thousand people coming in since they announced it and only
one hundred going out, meaning people have a ninety nine
and a half percent chance of staying. So some of
these announcements, I'm afraid are gimmicks.

Speaker 2 (02:42):
Then you've got those who worry about the favor of
the illegals.

Speaker 5 (02:44):
We could get a knock on the door at any
point every two and a half years being told that
they have to pack their bags. I've rooted themselves, take
their children out of school and go back to the
country from.

Speaker 2 (02:59):
Which they've meantime in Mexico, the youth found happy. It's
more of this Nepaul Kenya Morocco type anger.

Speaker 6 (03:04):
Than we are also exposed every day to the insecurity
that exists in the country where someone can come along
kill you.

Speaker 7 (03:13):
Absolutely nothing happens.

Speaker 2 (03:15):
Our old mate vlod Is Zelenski's been in Greece overnight
cutting a Greek slash Us deal for some elien ges.

Speaker 6 (03:22):
Over today's agreements with Greece as an important part of
the big age package which we're prepared for this winter.
I want to thank you once again, my dear friends
and your team and the companies for making.

Speaker 2 (03:36):
It possible and then were braced for maybe in Epstein
vote to manage retailer green implosion. We also have the
ongoing angst and the Democrats over the lack of traction
despite all the Republican drama.

Speaker 8 (03:45):
We have to begin as a parody to think about
how we fight for America, not just fate Donald Trump.
How do you fight for a middle class that has
been forgotten and left on the side of the road.
We have to get to a place not just about
Donald Trump.

Speaker 2 (03:58):
Now, finally the Palace Westminster could finally be in for
a rebuilding. He of course referred to it as the Parliament.
The issue was costingps in the New Year game to
vote on either to stay or go while they do
the renovations. Now they would leave in twenty thirty one
or twenty thirty two and not be back until twenty
forty six of the earliest. Did they choose to work
around the renovations, then that renovation is going to take

(04:19):
about seventy years. Are the renos themselves are going to
cost seven billion total cost of the full DeCamp that's
at twenty one billions. It's good luck with all that
news of the world in ninety Yeah, Switzerland, by the way,
is fifteen percent, so they'll be thrilled. That was at
thirty nine. Noe could work out why, but anyway, they
got back down to fifteen and the Swiss of promise
to toss a couple one hundred billion dollars by the

(04:39):
end of twenty twenty eight at America meantime, Joe Lewis
who I can't remember whether he's well known or not,
but he's a billionaire. He's a UK billionaire. He was
he used to own Tottenham Hotspur as his main claim
to fame. Anyway, he's eighty eight. He was banged up
for a bit of fraud and Trump's led him out
over the weekend with another one of those wacky pardons.
Twelve past six.

Speaker 1 (04:58):
The Make Hosking Breakfast Full Show podcast on aheart radio
powered by News Talks Eppy.

Speaker 2 (05:06):
Richard Arnold, State Time shortly and on the broad subject
of America Charlotte's the latest repository of the Trump attention.
Charlotte's webbys called it Operation Charlotte's Web. The Feds have arrived,
criminal illegal aliens would be targeted. The Mayor's unhappy. It's
the usual story. More later fourteen pass from jener rate
Greg Smith, good morning, good morning to some life and manufacturing.

Speaker 9 (05:30):
Absolutely got some positive news. So this is the ben
z thissis Jusy on PM I report it was titled
Signs of Life, so that's a bit of a giveaway.
Nudged up to fifty one point four from fifty point
one in September. That's moving in the right way and
further into an extentsiury territory. It's actually been there for
four consecutive months. That was good, and the games we

(05:53):
saw were in places you'd expect when we're getting a
cyclical recovery. So that was new orders production. So production
except was up to fifty two and that's actually not
far below the long term average. New orders highest since
August twenty twenty two MIC, so that was up at
fifty four point nine, so that's a big bounce. And yeah,

(06:13):
it's going going well. And it's been three out of
the last four months where it's been above its long
term average, so we're starting to see momentum. It should
actually mean that a manufacturing sector's going to be a
help rather than a hindrance to GDPs. That's good in
terms of the drivers to particular combination effect. It's potentially
both with hair increases in residential building concents. Of course,
we've had monetary policeason, so we've had a falling ocr

(06:36):
and a week at end. Theaud exchange rate's probably helping
as well. Before we pop the champagne corks. Employment that's
still legging it forty eight point one six consecutive month
that's been in contraction and territory, so there is still
shedding of labor in the sector. But I suppose labor
is the one of the last things to turn around,
or employment as anyway, so that should improve at some point.

(06:58):
But good news still should to the RBNZ from Mark
cutting at the end of this month.

Speaker 2 (07:02):
Good stuff. Warren Buffett four billion plus on Alphabet. What
are we reading to that?

Speaker 9 (07:06):
Yeah, so yeah, maybe all the talk about AI stocks
being in a bubble, it's all sort of fake news.
So one of the most successful indesses in the world
isn't too concerns. This was his end of quarter a
portfolio step shot. He picked up seventeen point eight million
class ashes of Google's parenting Alphabet that's valued around about
four point nine billion, makes it one of his largest holding.

(07:28):
Sent the stock high after ours. No surprise there, but yeah,
it's interesting, isn't it, Because it's a little bit out
of his wheelhouse. I mean, he has got a huge
holding an Apple, but he's actually been selling that down
that's valued around about sixty five billion, But he considers
it to be a consumer products company own in a
tech company. And this isn't exactly an out of favor stock,
is it when you look at alphabets shares up forty

(07:49):
five percent years a day. Also back in twenty nineteen,
he set alongside Charlie Munger at the end your meeting
and said that they regretted not buying Alphabet earlier. It
was sixty dollars at the time. It's nearly five times
that tirty six this year. Maybe someone else is driving us.
Of course, he's handing over the reins he did his
last Thanksgiving letter as CEO recently. Maybe it's also an

(08:11):
acknowledgement that maybe White well, not all companies will win
us now our race. Some will do very well, and
that you've talked about Alphabet's recent results. They're doing well
in cloud, doing well in AD revenue, and search AI
is actually helping r and eating into their revenues. And
maybe also Mike it's just the fact that he likes
Alphabet has heaps of cash read about one hundred million

(08:32):
dollars at last count.

Speaker 2 (08:33):
China talk to me, we've got any good news or not.
It's a bit mixed.

Speaker 9 (08:37):
So yeah, data there shows that needs a bit more
work in terms of the turnaround. So fixed assing investment
that was down one point seven percent first ten months
the year. For October it was down eleven percent. Industrial
production that did climbed four point nine percent, but the
smallest game since the start of the year. Retail sales
been an expected up two point nine percent. Urban unemployment

(09:00):
put one per cents that was reasonable, and new homes
as though unchanged in September. One big increase we did
see in China electricity production up eight percent from a
year ago. Perhaps AI has got something to do with that,
but I think overall m Yeah, it just shows that
the more needs to be done, potentially on stimulus. Whether
they had put one trillion yarn and since September, so

(09:21):
that's hasn't fed through just yet. Obviously they've been working
to take away over capacity, but maybe that's pacted the
investment pipeline. Maybe it's the holiday distortions hopefully, but another
thing you mentioned on tariffs. Of course, they only just
agreed to suppose a deal of sorts with the US,
so maybe that'll provide a bit of a toil when
going forward, but yeah, they might need a bit more
Stimmis and perhaps reformed at their five percent growth target sustainably.

Speaker 2 (09:46):
What are the numbers? Yeah, so we're a bit weaker.

Speaker 9 (09:49):
On Friday, the dar Jones was down point seven forty
seven month four seven these p five hundred was relatively flat,
down point o five percent sixt seven three four and
there's that was positive at point one percent twenty two
nine hundred in vistas will probably like that newser in
alphabet tonight if you look at the food seed that
was down one point one percent, Nickel down one point
eight percent, A six two hundred across the tea has

(10:10):
been down one point four percent eight six three four
NSX fifty we were down just under one percent thirteen
four sixty four gold down eighty seven dollars four thousand,
sixty four ounce oil that was on the up upper
dollar forty sixty spot oh nine WTI and the currency
is qually made a little bit of comeback, actually up
half percent against the US fifty six point eight a
six point nine against Ozzie that was higher as well

(10:31):
against a pound forty three point two Japany GA seven
point eight this week, Mike plenty going on as usual,
data on the services sector, food production, producer prices, trade, dart,
another dairy auction. We've got results in NAP ports, Oceana
Healthcare AGM's out of precinct in a two milk US started.

Speaker 10 (10:48):
That's back.

Speaker 9 (10:48):
We've got housing starts, building permits, existing home sales five minutes,
RBA minutes and third quarter GDP out of Japan. And
we're going to get a really good read on the
retail sector in the US. Mike numbers some home depot
target war and the big one in video. All the
AI Darling deliver on expectations once again.

Speaker 2 (11:05):
Let's see fantastic go on. Grigg Smith out of generate
wealth and key. We say a specialists pasking shopping for Christmas,
already got something for you. It's going to auction in
Britain this weekend. It's a gold pocket watch from a
person on the Titanic Isidor Strauss and his WiFi Ida
gave it to him and it stopped just at the
moment that the ship sunk. If you saw the movie,

(11:27):
there was a couple, elderly couple hugging as the ship sank.
That's them famous New York couple. They reckon? How much
you reckon for that one point three minion? Good luck
six twenty one. You're at Newstalks edb.

Speaker 1 (11:42):
Good the Vice Asking Breakfast Full Show podcast on iHeartRadio
powered by News TALKSB.

Speaker 2 (11:50):
Now, while we're on the subject of trade, interesting developments.
Over the weekend, Mody had an election This is India,
in the region of Baha and he won. He won
by a mile. He romped home. It was an extraordinary victory.
He leads all his party leads in two hundred to
two hundred and forty three seats. Now what's the significance
of that, Well, the significance is that he wants to
cut a deal with the States on trade. The Americans

(12:13):
want access to the old you know, the farming. Farming
in India it's touch and goes. So he thinks the
argument goes that if he's done well in that region,
which is particularly farm heavy, he might have got himself
some political capital. So we'll see where that goes. Speaking
of India, Todd McLay, o Trade Minister, is there, but
we'll talk to him after seven o'clock about the business
of the States. And Beef six twenty.

Speaker 1 (12:34):
Five trending now with them Squarehouse, the Real House of Fragrances.

Speaker 2 (12:39):
Ah, Yes, crazy old Marjorie Drea Taylor Green. So she
and Trump you have had a falling out. If you
haven't followed this one, he's calling her a ranting lunatic.
She claims it's all over the Epstein files and healthcare.
Trump claims it's over the fact he wouldn't nominate her
to run for the Georgia Senate seat because he thinks
she wouldn't win. So she's been on CNN.

Speaker 11 (12:56):
This is important. The American people want the at Seam
files released. And you know, I've stood with the president.
I have disagreed with him at times, Dana, and I'm
allowed to do that. I think that's that's the most
important thing we can do as Americans, especially particularly this
past Monday on the Marines two hundred and fiftieth anniversary,
when he honored the new Syrian president who is an

(13:19):
al Qaeda terrorist and was wanted by our government for
years with a ten million dollar bounty up until March
of this year. I very much am against that right.

Speaker 2 (13:30):
So the online not is now out the death threats
of flying and it's it. Actually, it's not like she
doesn't have online form here.

Speaker 11 (13:37):
I think that's fair criticism, and I would like to
say humbly, I'm sorry for taking part in the toxic politics.
It's it's very bad for our country.

Speaker 2 (13:49):
Yes, so she's having it come to Jesus moment at
the moment. So we'll see where all that goes. The
Epstein vote, by the way, means nothing to so you're
up to speed on this. So they'll probably get it through,
but it needs to be confirmed by the Senate. It
won't get confirmed by the Senate for obvious reasons. Meantime,
over the weekend, if you missed it, he's going after
the Clintons and so he's got Pam as in Bondie

(14:09):
on to the Clintons and they've launched an investigation. And
so I don't know where the whole thing goes. Now,
doctor's for you in just a couple of moments. There's
some concern around the primary healthcare sector. When you go
to your doctor. Let me ask you this question. So
primary health sector, the primary health operators, the phhows, do
you know what they are? When you go to your doctor?
Do you know if your doctor's part of a PHO.

(14:31):
If they are part of a phow do you know
what that means? Do you know who they are? Does
it make one shot of difference to your life? Anyway?
There's a bit of anngst around all of that. As
I say Todd mclayan on the trade, that's a big
win for us over the weekend. So that's good. Prime
Minister Luxe and a couple of polls out this morning
that tell the most bizarre set of stories. We'll work
you through the numbers, but we'll talk to him about
them after seven thirty meantime.

Speaker 1 (14:53):
Uses it the newsmakers and the personalities, the big names
talk to make Mike Hosking breakfast with Bailey's real Estate
doing real estate differently since nineteen seventy three news Togsdad
been wight.

Speaker 2 (15:07):
Would it make more sense to boern or Poles until
at least a month out from an election? I don't know.
We've got one weird one this morning. The Herald's got
a poll on CGT thirty nine, all juxtaposes against the Pole.
Last week they had it on fifty six at fifty
six or thirty nine. Then we got an ipsos one
this morning where issue number one and issue number three
appear to be the same thing, despite the fact that
people see them differently. So govern I don't know, but

(15:28):
we're working through it shortly. Meantime, at twenty three to seven,
some concerns in our primary health sector general practice owners
calling out what they call bloated bureaucracy moving to form
a breakaway nationwide primary health organization or a PHO. They
argue the large corporations or corporates running most phos have
conflicts of interest. Doctor Ingus Chambers is the chair of
Gempro and as with us saying this morning, good morning,

(15:50):
you'd favor you say, a lean, cost effective PHO. What's
a lean cost effective PHO.

Speaker 12 (15:59):
Well, we would like to see as much as possible
of the funding going through the front line. So that's
part of the leanness that we don't have a large
organization that sucks up a lot of that resource. The
other thing that's part of that is service delivery. We
think it's better to deliver services through our practices, and
yet a lot of phos have created large service arms that,

(16:20):
again we think is inefficient and takes funding away from
getting to the front line.

Speaker 2 (16:25):
When I ring a doctor for an appointment. Do you
reckon I know whether the doctor's part of a PHO
and do I care?

Speaker 12 (16:31):
You probably don't and you probably don't care.

Speaker 2 (16:33):
And so why is this important?

Speaker 12 (16:37):
It's important for the practices because as he practices do
know whether they're part of a PHR or not. He
has to be part of a PHO, but almost everybody is.
So it's a question of they're responsible for passing through
a large government funding and so the PreO that would
pass through as much funding as possible for the practice
might well be beneficial to both that practice and their patients.

Speaker 2 (16:59):
What I'm seeing here is that as an individual practitioner,
I go, well, look there's synergies here. If I joined
sixteen other gps and we'll have a PHO, will be
part of a PHO. But somewhere along the line, everyone
eats everybody and you end up with a couple of
major corporates, and then we start to worry. Is that
it in a nutshell?

Speaker 12 (17:20):
Not really, but certainly we are worried about the inexorable
advent of the corporate corporate's becoming the dominant players in
the general practice teams. And we see that we're heading
towards the cyser market like situation. We've got a dueopily
a triopoly, so that certainly those concerns are worrying.

Speaker 2 (17:39):
But if I'm a GP and I've joined a PHO,
and I share your concerns about the money coming through
to my practice, why don't I pull out?

Speaker 12 (17:48):
Well, it's a matter of having an alternative, isn't it.
And this is what we're hoping to provide, an alternative
that's very attractive to our members and good for our patients.

Speaker 2 (17:55):
So you're good. So you're adding to the competitive or
the competition model, which is good, isn't it.

Speaker 12 (18:01):
Yeah, Look, I think there's an element of stick. Competition
can be good in these in this situation. And look,
there are some phos that are actually quite good. So
they tend to be the smaller, more LinkedIn with their
communities and practices at phos. But certainly we think a
bit of competitive tension it wouldn't necessarily be bad.

Speaker 2 (18:18):
All right, Nice to talk to you, Angus. I appreciate
doctor Angus Chambers. I hope you understood that when you
go to the doctor doesn't mean you're costom Going to
the doctor's going to come down of course it doesn't.
It's like Lumino. It's the same as Lumino thing of
the dentist. So you used to go to a dentist,
Bob sold out to Lumino. It's the same thing. Richard
Arnold Next twenty two.

Speaker 1 (18:35):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 5 (18:40):
It be.

Speaker 2 (18:42):
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Paski EPSOS poll another one of these weird poles where
you talk about the issuers of the day, governments and trouble.
Yet again, government rating a three point nine out of ten.
That's not good. It was carried out between twenty one

(19:47):
to thirty October thousand New Zealanders. So what are these issues?
These so called issues of ours? By the way, labor
are best able to handle fifteen of the twenty concerns
national only two, the two being crime and law and
order along with defense and foreign affairs. The economy. Laborer
best able to handle the economy, despite the fact they've
only got one policy on the economy. We've all decided
they're the best to run the economy. Come on, anyway.

(20:09):
Issue number one, unsurprisingly, inflation and cost of living. Issue
Number two is healthcare, which is a reflection of the
media coverage. Of course, it's not necessarily lived experience, It's
just it's in the headlines a lot, so we go
healthcare is no good. So number one and number two.
Then number three is the economy. Well hold on, what
is inflation and cost of living? If it isn't the economy,
how are you separating? See see how mad this whole

(20:32):
thing is? Six forty five.

Speaker 10 (20:35):
International correspondence with ends and eye Insurance Peace of Mind
for New Zealand Business.

Speaker 2 (20:40):
Say side, Richard morning A. Marjorie and Donald don't like
each other anymore.

Speaker 13 (20:46):
It is getting hot the battle in megaworld. Marjorie Taylor Green,
the House member who has been as close as anyone
to Trump, has just given her first interview. As you've
been hearing on the verbal war raging between these two.
Just like Trump, she is bubbling down. Trump has withdrawn
his political support for Green, calling her a quote ranting
lunatic and a disgrace and a traitor.

Speaker 11 (21:07):
She replies, called me a trader, and that is so
extremely wrong. And those are the types of words use
that can radicalize people against me and put my life
in danger.

Speaker 13 (21:21):
She says she is now fearing for her life. Trump
calls her wacky Marjorie and says all she does is complain, complain, complain.

Speaker 1 (21:29):
Low Marjorie, She's a warrior.

Speaker 14 (21:32):
Oh there she is.

Speaker 2 (21:33):
Oh look at her.

Speaker 13 (21:35):
Yeah, she's changed politically is the way that Trump is
putting it. Trump says he will endorse the challenger to
her in her House seat and accuses her of seeking
more power, perhaps with a Senate run in mind. She
denies that. She says Trump no longer returns her phone
calls and says she sees just one reason for this
political bust.

Speaker 11 (21:55):
It has all come down to the Epsteam files. And
that is shocking. And you know, I stand with these women.
I stand with rape victims. I stand with children who
are in terrible sex abuse situations.

Speaker 13 (22:09):
So why does she think Trump is fighting the release
of these Epstein files so aggressively?

Speaker 11 (22:15):
That is the questions everyone is asking, is why fight
this so hard?

Speaker 13 (22:20):
Last week they hauled another Republican, of course, Lauren Bobert,
into the White House situation room of all places, to
try to get her to back off the Epstein files.
Marjorie Taylor Green says, I believe.

Speaker 11 (22:29):
The country deserves transparency in these files, and I don't
believe that rich, powerful people should be protected.

Speaker 13 (22:38):
So business the first time during this Trump term that
Republicans have so openly challenged Donald Trump. Some are suggesting
it's the beginning of a campaign of who might take
over the Mega movement when Trump is done. Trump says
that Mega was his idea, nobody else's. Meantime, his deputy,
the VPJD Events, appears to be sitting on the fence
so far as this Mega conflict rageous mostly behind the scenes.

Speaker 2 (23:00):
And we've got the Saudi Crown Prince in town this week.

Speaker 15 (23:03):
This is ugly.

Speaker 13 (23:03):
Yeah, he's going to visit the White House this Wednesday,
your time. First visit by Crown Prince Muhammed MN Sulman
in more than seven years. Last visit came just before
the murder of that Washington Post journalist Jamal Kashoki. The
CIA at the time said it was likely that the
Crown Prince had ordered the assassination of the reporter. You
recall that Kashoki was visiting the Saudi consulate in Turkey

(23:25):
when he was killed, with his body then hacked to pieces.
Now in Washington, they're pulling out all the stops to
welcome Bin Sulomon. This will have all the trappings of
a state visit. Though the Prince is not officially the
leader of Saudi Arabia, that position still held by his
eighty nine year old father, King Solomon, but the Crown
Prince is the head of state in all practical aspects.
Joe Biden once called Bin Sulman a pariah quote unquote,

(23:48):
and yet he fisped up the Crown Prince in a
visit to Riad. Back in May, Trump went to Saudi
Arabia for the first visit of his second term. That's
when he was greeted by the fighter jets and the
Arabian horses dancing and tapping around found in a mobile
McDonald's Hamburger van. At the time, the Saudi's promised to
invest some six hundred billion dollars US in this country.

(24:08):
As we so often see, many of those claimed agreements
are yet to be fully implemented.

Speaker 2 (24:13):
See wenesday mate. Richard Donald stateside California seventeen thousand commercial drivers'
licenses and in order they found the legal immigrants have
got them. So that's part of the Department of Transport crackdown.
And the ticket went Georgia nine hundred and eighty million
Mega millions, eighth largest prize in the game's history. One
eight eleven twelve fifty seven megaball was seven, isn't it always? Forty?

(24:37):
Drawing streak came to a close forty draws with no winners,
So you can choose nine to eighty. So that's your prize.
You can do it in annual payments over thirty years,
or you go lump some if you want it. Four
hundred and fifty two point two million. That's before taxes.
It's always before taxes, isn't it? Ten to seven?

Speaker 1 (24:56):
The make hosking Breakfast with the Defender and news togs.

Speaker 2 (24:59):
Dead b The phos the funding provider, essentially for general practice.
They dish out money according to their own ideas of
how it should be used, often setting targets big bureaucracy,
which eats up the funding before it even gets to
the practice, an esoteric idea. Sometimes my practice will definitely
be hoping gen pro provides more general practice focused. Option
from a practice aren't good. But that was my question,

(25:19):
wasn't it. If you're stuck with a PHO and you're going,
this is a bit esoteric. This is a bit weird.
Why still in there? Get out and go somewhere else. Mike,
please do some scrutiny on these poles, the results, and
who they actually pole. I mean, we've talked about this
ad nauseum. The difficulty with poles these days. The main
problem with poles these days is getting people to participate.
We're far too busy, we don't have time, we're not interested.

(25:41):
So what a lot of these polsters do is rely
on an opt in model, or at least a partial
opt in model. In other words, they go to the
board and the bewildered and they go listen. If you've
got half an hour of your time sitting at a computer,
can you give us a few views and ideas around
what you're thinking at this current point in time. It
was at that point I gave up largely on pole.
It's now a good example of this this morning, as

(26:02):
I've alluded to already, is the Herald's got a pole
on the CGT Capital Gains Tax. They've come in at
thirty nine all now, is that real? Because last week's
pole had favor a favorable number for a CGT of
fifty six percent, So fifty six to thirty nine is
a massive it's a marked difference. It therefore negates each pole.
Each pole becomes irrelevant. And the problem with poles is

(26:25):
they cost a lot of money to conduct, and then
you come up with a zipsos weird business. Of of course,
inflation in the cost of living is the number one issue.
Why wouldn't it be, But then suddenly the economy is
number three. I mean they're the same thing. For goodness say,
yet they separate? So all we end up being as
confused Morning Mike. When does the media start asking questions
about Scott Robinson? I don't know who Scott Robinson is?

(26:48):
Why would I ask questions about You're? Oh, sorry, you
mean Robertson? Okay, Well to ask some questions, you might
want to get his name right for a start. First,
of a defeat to Argentina, I mean everyone got defeated
by Argentina's that's not a thing. Biggest ever defeats to
South Africa, I'm not sure that's the thing either. Now
losing to the worst rugby team in the world, are
you serious? England, the worst rugby team in the world,

(27:08):
come to the party with some credentials, mate. Five minutes
away from seven.

Speaker 1 (27:13):
While the ins and the outs, it's the bearz with
business fiber, take your business productivity to the next level.

Speaker 2 (27:20):
Insight into the wealthy. This is what the top zero
point zero one percent of the wealthy in the world
of buying this from JP Morgan. They've done on God,
they've done a survey, okay, but they got one hundred
and eleven billionaire principles of private family investment firms. These
billionaires represent about nine hundred billion dollars in wealth. Sports
teams are where the actions app investment has increase eightfold

(27:43):
over the last five years. Everyone wants a sports team.
Twenty percent of the billionaires reported only in controlling states
in a sports team, which is up from only six
percent three years ago. So from six to twenty thirty
four percent invested in teams and arenas, twenty three percent
invested in ten percent invested in luxury cars and stuff
like that. They probably invested in everything to be frank,

(28:03):
I mean, if you've got that much money, you've got
a team, and then you've got some art, and then
you've probably got a nice car as well. Haven't you
just say? When they ring out? When JP Morgan ring
out and I've got a bit of everything, mate. Yachts
got a yacht prior to twenty two art and cars
with the top two trophy assets. It's getting to the
point now these smaller sports are gaining attention from the heavyweights.

(28:23):
Blackstones David Blitzer, he's the first person to have equity
in all five major men's US sports leagues, and he's
backed six other sports teams just this year, including a
gaming team. And he's into the paddle. A lot of
them into the paddle, I know. By the way, speaking
of sports stars and rich people, are under Armored. Parted

(28:45):
ways with Steph Curry. So Steph's a free agent, so
he can go anywhere. I don't know where he's going,
and I don't know why they parted company. They didn't
explain why they parted company. Maybe he's not what he was,
Maybe they're not getting the vibe off them anymore. Anyway,
he's a free agent, go and do what he wants
to do now, as far as we're concerned on beef,
What a great weekend as Trump finally woke up to

(29:05):
the cold hard realities of Americans buying burger meat and
they don't like paying more so the tariffs are gone.
Were the beneficiaries? Our Trade Minister Tom McLay with us
from India in the next half hour of the program,
and of course being a Monday, we'll check them with
the Prime Minister when he joins us in the studio
and the commentary box with Andrew and Jason.

Speaker 12 (29:22):
Up to eight.

Speaker 2 (29:23):
Here are news talks edby credible compelling.

Speaker 1 (29:27):
The breakfast show you can't best. It's the Mic Hosking
Breakfast with a Vita, Retirement Communities, Life Your Way News
togs Head.

Speaker 2 (29:34):
Be seven past seven. Looks like the US President capitulated
over the weekend executive order God signed reducing the tariff's
on red meat, tomatoes, kiwi fruit among other food items.
We are, of course a big winner. Todd mcclay's the
trade minister in India. He's with us. Good Morning, Make
the Money. So what we got over the weekend from
the White House? Do we have detail what it actually
means or was it just an announcement?

Speaker 16 (29:55):
Well, look, it's just an announcement. But my official has
been able to dig into it a little bit. It
does seem that the tariff rate of fifteen percent has
been rolled back on a number of productions and sells
up there the most important ones or beef, beef offul
and a few other things in the beef sector, and then.

Speaker 17 (30:12):
Also kiwi fruit.

Speaker 16 (30:13):
That's a saving about three hundred and thirty million dollars.
We estimate that fifteen percent tariff. But I've sort of
said I'm welcome it cautiously. The changing nature of decisions
out of the Whitehouse still makes it very uncertain for
New Zealand exquorters, and there are many other exporters that
are still facing the fifteen percent tariff, which is challenging

(30:34):
for them.

Speaker 2 (30:35):
So save for beef, it goes back to what do
we know.

Speaker 16 (30:40):
So it goes back to before the fifteen percent was
put on. So for us it will be the equivalent
of the most Favored Nation status, which is very low.
It's less than one percent, So it really means a
very level playing field with every other beef and porter
in the world the same tariff rate that Australia faces.
The only difference there is from memory, Brazil faced about

(31:02):
a forty percent tariff, so you know we are more.

Speaker 17 (31:05):
Competitive than them.

Speaker 2 (31:06):
When does it start, My.

Speaker 17 (31:08):
Understanding is it started already.

Speaker 16 (31:10):
Nobody gets money back, but from the moment that the
announcement was made just a day or two ago.

Speaker 17 (31:16):
Look, that is very welcome news, Mike.

Speaker 16 (31:18):
I think the reason it's happened is that the US
doesn't produce enough beef they have to import it.

Speaker 17 (31:25):
We've seen beef prices go up in the US.

Speaker 16 (31:28):
I guess Hamburger is going to be more expensive, and
that in queue through another other fruit, the administration the
presidents decided to lower the tariff fright in itself, that's
the first time we've seen that. There's been nothing else
really that has gone back to zero. But what does
concern me a bit is that changing nature the decision
we're made to take it off today.

Speaker 17 (31:48):
In the future they could back and put it back on.

Speaker 16 (31:50):
In the meantime, beef farmers in New Zealand and the
exports will be extremely pleased. I think what we'll see
is our beef exports or a turn quite quick to
the levels they were before, to fifteen percent. We could
even see a bit more beef sold in that market.

Speaker 2 (32:05):
Elbanezi claims it's all him, his lobbying. Do you believe that.

Speaker 16 (32:10):
Well, it's not for me to question the views of
another Prime minister. Of that's the whole of New Zealand
beef ex borners who produce better beef than Australia.

Speaker 17 (32:19):
Thank them all right.

Speaker 2 (32:20):
Nice to talk to you. Tom McLeay out of India
this morning. And here's the insig I'm reading over the weekend.
So rancher's difficulties increasing the herd they've got, drought, diminished
amount of grasslands, higher costs and buying feed important fertilizers
of double digit tariffs. Of course, tariffs on steel and
aluminium increase the cost of farm equipment. Generally, we're in
one of the toughest cattle cycles in history. That's a

(32:41):
farmer out of Texas. Replacement heifers are down to a
twenty year low. And meantime, downtown in America, you're average
American for burger meat is paying somewhere between twelve and
eighteen percent more. So they're sick of it and they've
had enough. And so Trump acquies ten past seven Posky right.
Change coming for those who breach the Fair Treeating Act.
Fines will increase from six hundred thousand dollars to five million.

(33:04):
Cases are going to move from criminal to simil The
reason for that is it's easier prosecution or so they claimed.
John Duffy is Consuming New Zealand's chief executive and with
us John Morning, Morning, Mike. Good move, great move, fantastic move.
What sort of move is it?

Speaker 18 (33:19):
It's pretty good. It's probably one of the most consequential
reforms of the Fair Trading Act in a generation. But
as with everything, it wasn't quite everything that consumer advocates
were looking for. But the change to the penalty regime
very good, very pleased.

Speaker 2 (33:32):
Will it be a deterrent?

Speaker 18 (33:36):
I think so for more companies. There will always be
those companies, you know, big multinationals with deep pockets. Five
million dollars is still a drop in the bucket for
those types of companies. If you compare it to Australia,
there they're maximum penalties fifty million Australian dollars. But for
kind of medium sized and domestically located companies, this is

(33:59):
a serious deterrent.

Speaker 2 (34:00):
Yes, right, Would you cite Australia as an example of
something that does work or not?

Speaker 18 (34:07):
Yeah? Look, I think the regulator there has real teeth.
And that's not to say our regulator is not doing
a good job. It's to say that the ageablec in
Australia is armed with the right tools, and they have
a broader range of tools beyond just big fines. They
can issue infringement notices, they have unfair contract provisions that
can be more easily enforced than the ones here in

(34:30):
New Zealand, so that there's a range of other tools
they have. But this will certainly help embold in our
Commist Commission. We think particularly the move from criminal to civil.

Speaker 2 (34:38):
And so are these mistakes or is this deliberate behavior?
In general.

Speaker 18 (34:45):
It can be both. But typically where you have a
business making a genuine error, they will have a potentially
have a defense under the fair trading active of reasonable mistake.
And also sure they might make a mistake. They might
have put o some misleading advertising something like that. Consumers
may have suffered some instrument Typically that would be reflected

(35:06):
in any fine that the court imposed. They'd look at
the circumstances of the case and go, actually, this is
at the mild end of the spectrum. We're not going
to give a five million dollar fine. We might give
something lower, but for that really deliberate, intentional stuff, having
a five million dollar fine possible should be a real deterrent.

Speaker 2 (35:24):
All right, John appreciate it. John Duffy, who's the Consumer's
chief executive for thirteen minutes past seven pask what else
is reading over the weekend? Data centers. Yes, we want some.
It'd be great if we had enough power to actually
have them and support them and do all those sort
of things in this country. But in the they've done
some work in America, and the more places that you
have data centers, the more you pay for power. So

(35:45):
this is something this is a red flag as far
as I'm concerned. A residential bills row six percent on
average around the country in America. So if you think
we've got problems with power and the cost of power,
it's the same pretty much all over the world. So
six percent, remember that number. But in the three states
that have the most data centers, which are Virginia, Illinois,
and Ohio, they're paying thirteen percent more in Virginia, sixteen

(36:07):
percent more in Illinois, and twelve percent more in Ohio.
So in other words, when the data centers come to town,
they'll tell you how good it is, but you're going
to be paying for it. Thirteen past the mic Asking
Breakfast Full Show podcast on iHeartRadio powered by News Talks
at be Mike, you mentioned the growth of data centers
in Illinois. Illinois now also in the news as the
surprise leader, and mortgage foreclosures as AI is replacing thousands

(36:31):
of jobs. I'll follow that up. Good tip seventeen past seven.
No grand slam for us this year is the all
Blacks fell to England. Of course I looked okay in
the first half, So no shortage of ankst and approbrium
on social media over the weekend if you follow that anyway.
Sir John Kerwin finds himself this morning in Italy and
he's with us morning, Mike, how are you very well?

Speaker 17 (36:49):
Indeed?

Speaker 2 (36:50):
Ye, exactly as far as defeats go. How bad was
this one?

Speaker 19 (36:54):
Oh?

Speaker 20 (36:54):
Pretty disappointing. I think for thirty minutes, as you just
mentioned that All Blacks were very, very good. I was
sitting in this thinking, we're all good here, but the
last ten minutes a couple of Eras are not kicking
the ball out, not taking shot at goal, and then
the second half we just lost our way a bit.
So I think that the most concerning thing, Mike is,
you know, we're seeing some brilliant rugby, but we're not

(37:16):
consistent over the eighty minutes. So but a soul searching
this morning.

Speaker 2 (37:19):
Why would you not be consistent? What's gone wrong there?

Speaker 14 (37:24):
Yeah?

Speaker 20 (37:24):
I think that's what the team need to ask themselves,
and the coaching stuff need to ask why are we
playing so well for twenty minutes and then you know
going off the ball and it seems to be consistent
for the season so far. So you know, I said
yesterday before the game, we'll have to play for eighty
minutes and play well for eighty minutes to beat the
English side. And we played well for thirty and then

(37:45):
we were you know, good and patches in the second half,
but England really dominated us and deserved to win. Not
to It's got a lot of soul searching about why
that's happening. You know, why is that happening? What are
the answers? You know, and you're asking the right question
and the answers I don't know. And I think that
the coaches will be asking those questions this morning. Why
are we losing our way?

Speaker 17 (38:05):
It?

Speaker 2 (38:06):
Not to defend this in any way, shape or form,
but we sort of get super angsty about it. But England,
we talked up, England were a good side. England were
to be watched and worried about. So we can't be
shocked that they win, can we.

Speaker 20 (38:19):
No, we can't. And I think that you know, they
would have had the respect for the opposition, but I
think it's just this inconsistency make it's this this game
at the moment where you know, we saw it against
in the second half against South Africa that last twenty minutes.
You know, when have you seen a side that's up
seventeen points against like Scotland and not put forty on them.

(38:41):
So we're seeing stuff that you know, we're all a
little bit concerned about because we need to get back
to playing for eighty minutes. You know, you see you
saw in the second half, you know the boys when
when Boden went off sort of lost their way away.
But so you know, there's plenty of plenty of stuff
to work on for this week that they'll be really
disappoint in their performance for sure.

Speaker 2 (39:01):
You know the text you get does Raisin need sacking?
It's all Raises faults, It's Canterbury conspiracy. Raiser needs to go.
What do you say?

Speaker 20 (39:09):
You know, look, I think they'll do a massive review
on what the season has been like and I think
that's you know, it's a lonely place, being head coaching,
and you know they'll have to ask him some hard questions.
I'm hoping that they'll be asking a lot of hard
questions internally as well. So you know, I don't think
you get this job. And you know, I'm pretty sure

(39:30):
if you asked, you know, Sir Graham and so Steve,
like when you started the job, were you as good
you know when you finished? No, So I think we
you know, coaches need to grow into the throle and
there'll be some hard questions asked for sure, and that's
why you take the job right. It's the hardest job
in the world and you should be challenged.

Speaker 2 (39:50):
Good stuff might always good to catch up enjoy at least.
John Kowan out of Italy for us this morning, A
quick question for you technically speaking, why does WhatsApp periodically
give you a lisp? And how do you explain that?
Seven twenty.

Speaker 1 (40:04):
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by News Talks AB.

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Health dot co dot z Skett seven twenty four. I
think we can link the IEA's announcement last week over
peak oil to the current scenario faced by the Coalition
in Australia. Right, the Coalition in Australia is worth following
all by itself. It's quite possible, as any number of
Australian media outlets are pointing out at the moment that

(41:20):
we are watching a once large popular and governmental party
crumble in front of our eyes. Are the Party of
Menzi's Phraser Holt Howard collapsing over climate Now climate is oil.
And the International Energy Agency that once said, and not
long ago, by the way, but oil is done, an
investment should stop, has now changed its mind. It has

(41:41):
laid out a path in a projection whereby oil demand
continues to grow until at least twenty fifty. As OPEC said,
they welcome the rendezvous with reality. Trouble with the coalition
as the politics politics gets in the way of logic
and reality now muddying the waters slightly. Not only in
the Coalition but in the climate debate generally. Are the
deniers They don't help. The real argument is in the middle,

(42:04):
where people accept climate change of some description, but also
except we will not reach the powis number of one
point five. So if we aren't reaching the number, what's
the point of having it as a policy? Why promise
something you know you aren't going to deliver on the
same question, of course, can be asked of our government.
The current government has committed to it apparently doesn't act
like it puts out policy and adjustments that limit our

(42:25):
ability to get to the goal. But those policies and
adjustments are sensible. I mean, why would you ruin a
farmer for the sake of a promise you know you're
not going to keep? But then why have a policy
you know you won't keep anyway, Hence the coalition and
its destruction. Easier to say one thing, I guess and
do another, easier to be basically dishonest. That, sadly, our
guess is politics. Obviously, if a major political party falls,

(42:47):
then Australia's in trouble because that support will drift off
to the radicals. We're already starting to see that. But
what a thing to fall on. Ah, a fantastical idea
we went nuts over a decade ago, but can't extract
ourselves from because logic is well all down the line
of political attributes. As for the IEA, if you ever
wanted proof that the climate tid is out, their newly

(43:08):
minted Pea Coil twenty fifty call is it usky slightly
random as well. Deutsche Bank's Mapping the World Prices report,
It's been doing it since twenty twelve, looks at the
purchasing power. Do we have purchasing power in New Zealand?
Yes we do. We've moved up the ranks. We can
purchase more for our money. This is good. Why we'll impart.
Prices for our exports have risen faster than the prices

(43:31):
for our imports, so that's good. Relative purchasing power therefore
is better. We are better off. But as far as
salaries are concerned, Wellington's twenty nine out of sixty nine,
Auckland's thirty four out of sixty nine, so not bad.
Auckland's top for an assessment of the climate wellington housing
affordabilities improved. Auckland was thirty two out of sixty nine

(43:52):
on a price per square meter. Wellington has the fourteenth
highest disposable income after rent in the world. Do you
believe that both cities and the fifty percent least expensive
for monthly utilities? Cost of powers too expensive? Wellington's fourth
most expensive city in the world when it comes to
buying a bottle of domestic beer. Oh, I've got fun

(44:14):
facts all morning. Sadly for now though I don't have time.
The Prime Minister is standing by and insisting on busting
through the door for a word after the news, which is.

Speaker 1 (44:21):
Next no fluff, just facts and fierce debate. The Mic
Hosking Breakfast, We're the Defender, embraced the impossible news to be.

Speaker 2 (44:31):
Three minutes away from it to Monday morning, the Prime
Ministers in the studio. Good to see you, good to
see your team. I should Razor get sacked, that's an open.

Speaker 21 (44:39):
Question as a Crusaders supporter, he said, this is the
heat I'm getting on the tech. I am the fierce
and winning all. That team has sort of a problem,
isn't it.

Speaker 11 (44:48):
Is it?

Speaker 21 (44:49):
Well, I mean like it's you know, we've we've lost
a few teams that we wouldn't have lost to in
the past, and so you want to run on the leadership.

Speaker 2 (44:55):
Yes, yeah, sort of. I'm just asking you as a
leader under press.

Speaker 21 (44:58):
No, No, you've got to give them, you got to
give them more time.

Speaker 12 (45:01):
Yep.

Speaker 2 (45:01):
Okay. The polls. I don't want to spend long on
the polls because I know your views on polls, but
we've got a poll out this morning. The Herald are
running a poll this morning saying it's thirty nine a
piece on CGT. We got a poll last week saying
it was fifty six in favor of CGT. Do you
have any read on CGT and whether it's a popular
policy and you'll have to fight it or not.

Speaker 21 (45:20):
Look, I get why people think it's going to be popular,
but I can just tell you it's it's just going
to drive more spending, more borrowing, more taxing. That's what
these guys are doing yet again. I mean, you heard
Hipkins say he wants to lift the inflation target. He
said that he wants to borrow more money, and now
he wants to raise more tax This is kind of
perverse because they did that future Fund policy where they
lose seven hundred million dollars worth of dividends that fund

(45:41):
health and education. The money raised here is to give
people like you, me and Hipkins free GP visits. Yet
they won't support extending prescriptions out to twelve months, which
actually saves real visits to doctors. So yeah, it just
doesn't make sense to me. And it's actually the last
thing this country needs is to tax tax like you know,
and it's a capital gains tax on business they'll say
it's not us on every business, on every key we

(46:01):
saver account because every business has to operate in commercial
premises the tariffs.

Speaker 2 (46:05):
We talked to McLear ly Ron, how big a winner
out of this are we from the States?

Speaker 21 (46:10):
Ob well, red meats our number one export to the US,
as you know, and so it's about thirty percent up
to twenty five to thirty percent of our total what
we sell to the US is back to where it
was pre Liberation Day, which is really good outcome for
our exporters there. There's a massive, actual Mike global shortage
of red meat around the world, and it's going to
take a while for that livestock to come on around
the world, probably out to twenty thirty, twenty thirty one.

(46:33):
I's sund at the christ at JAMP show on Friday
talking to silver fer and farmers who sell a lot
of stuff into America, and obviously that just helps these
guys at big time.

Speaker 2 (46:41):
You get caught in the hail on Friday.

Speaker 21 (46:43):
It's christein.

Speaker 2 (46:44):
Let the races go, the races. It was unbelievable over
the weekend anyway. Sorry, Elbow claims credit for this. He
claims it was his campaigning and lobbying with the White
House that got Trump across the line. Do you believe that.

Speaker 21 (46:57):
I wouldn't want to cast dispersions on elbow, but I
think you know, US trade policies are somewhat mercurial at
the moment, so I think it was it was a
reality where there is just not enough supply in the US.
If you think about the New Zealand beef, we sell
it's very high quality into the US. Often the US
beef's the lower quality. They often mix it up between
the two. So no, I think it's a domestic reality

(47:18):
in the US. You've seen inflation and prices on red
meat in the US going in from twenty five to
thirty two percent, So it's just common sense.

Speaker 2 (47:26):
Actually, we are committed you state to net zero, yep.
As we watch the coalition faller part in Australia as
they dump net zero. You've got wats in South America
at the moment for what purpose given that we're not
going to get there.

Speaker 21 (47:41):
Well, we are going to get to net zero twenty fifty,
no doubt about that.

Speaker 2 (47:44):
You believe that in your yeah, yep, Because.

Speaker 21 (47:48):
When you look at our particular emissions max half of
it's in agriculture, but the other halfs in co two
thirty percent of manufacturing, twenty percent on transport. And when
you look at the innovation pipeline, genuinely, I've looked at
this really closely to say, on the agricultural side of
the emission side, we have some incredible inventions and technology.
It's come of put four hundred and fifty million dollars

(48:08):
into this agri zero stuff, and there's some really we
just need one of those things to come off and
we can increase production and productivity of the farming sector
and also meet our missions target. So we solve this
through technology. And the technology is not just bumper stickers,
it's real projects out.

Speaker 2 (48:23):
Okay. But and yet what says before he goes to
South America that you guys may well pull the trigger
on buying credits internationally, which means you only do that
if you're not doing it yourself.

Speaker 21 (48:33):
Well, we ain't going to send that. Well, reassure everybody,
we ain't sending billions of dollars overseas. We are going
to do everything we can. You've seen us align a
lot of our our thinking to our domestic targets. Are
things that we can control. We made some changes to
the ets recently. Our INNDC two targets aligned with our
domestic targets. That's exactly as it should be.

Speaker 2 (48:52):
So if you can't do it that way, would you
buy credits?

Speaker 21 (48:57):
Well, we will give it a good go. You're talking
about the NDC too target Yeah, we're going to.

Speaker 2 (49:02):
Give it a good go. But in giving it a
good go and failing and falling and still being committed
to net zero, well, what I'm not.

Speaker 21 (49:08):
Going to do, just so a crystal clear I'm not
going to take one is I don't think the zeal
coming out of Paris is a good idea because we
lose a huge amount of We get damaged badly from
competitive countries and from big, large multinationals. The second things, though,
is that we've made a commitment very clearly, is that
we're not putting agricultural pricing into place. We're not going
to move farmers out of New Zealand into Chile or

(49:29):
any other country on Earth.

Speaker 2 (49:30):
It's worse.

Speaker 21 (49:30):
Our farmers are the most productive and the most carbon efficient,
So we're not moving jobs out of this country because
every time we're not going to punished farmers as a
result of doing that, which is what the last lot
wanted to do. So we will do everything we can
tot that target, and if we don't hit the target,
then so be it. We roll into NDC twenty thirty five,
which is alne with our international target targets.

Speaker 2 (49:50):
Would you can see the tide is starting to go
out on the argument in general globally.

Speaker 21 (49:54):
Well, I think there's so many targets, Mike, and the
frustration is essentially doing and or went off internationally and
disconnected the international commitments. Essentially, I think from the domestic commitments.
Our domestic commitment we enshrined in legislation, had full support
across the Parliament for twenty fifty. We're on track to
deliver net zero twenty fifty. Some of the reports could
say he might even get there four five six years early,

(50:17):
and we've done practical, common sense things to make sure
that we're on track with that. You've seen us align
our international The next Paris commitment is in DC twenty
thirty five that is now on the same track as
our twenty fifty domestic target, and that's smart and so
I think I think we're doing I don't have any
intention whatsoever of coming off the twenty fifty target like

(50:38):
I've seen the Australian Coalition announced last week.

Speaker 2 (50:41):
D because we don't do that. No, okay, Aco Mike Burgess,
did you see what he said last week about China? No,
let me read it. And when they penetrated your networks,
he refers to China. When they penetrated your networks, they
actively and aggressively map your systems and seek to maintain persistent,
undetected access that enables them to conduct sabotage at a
time and moment of their choosing. And he says that

(51:03):
moment is now. His reference was to fire by his partners.
So not only Australia but us as well. Are you
aware of that?

Speaker 21 (51:10):
Yeah, we're very aware of high levels of foreign interference.

Speaker 2 (51:13):
Why aren't you telling us this? Why is he telling
me this through the Australian media And we aren't.

Speaker 21 (51:18):
Well, we are actually if you look at the statements
from our intelligence agency chiefs. We've been talking more and
more transparently and more openly about this when there's been
an attack on our parliamentary systems. I was the first
promise to call it out and I've said to President
She and Premier League, we will continue to call these
things out publicly or privately.

Speaker 2 (51:36):
So they're in, and they're in now, and they're able
to sabotage us at their choosing. Well, so what he
says is correct.

Speaker 21 (51:43):
Well, no, I'm not saying I agree with that. I'm
just saying to you, I agree that there is massive
levels of foreign interference, the levels that we haven't seen before.
I can reassure you that we are doing everything we
can to make sure we toughen up our defenses.

Speaker 2 (51:55):
Where we see it, we.

Speaker 20 (51:56):
Call it out.

Speaker 21 (51:57):
You're seeing us get sensitive about the kockar because we
have security intelligence responsibilities there. You're seeing us. You know,
there are some amazing technology companies. I was actually at
one last week's starboard that are actually mapping things like
undersea cables and in mapping ships and areas around undersea cables.
There's a whole bunch of smart stuff that's now going on.

(52:18):
We're taking this really seriously. I think we've been way
too complacent. But since we came to power, that's been
one of the big focus areas for me as Minister
of Intel.

Speaker 2 (52:26):
So where's the SI Isn't this because it struck me
that this guy, this guy made headlines in Australia and
good on him for doing so. And he seems to
be one of those blokes who comes out very publicly
and since he's here are the issues we're facing. But
when he involves flybys, I e us, Yes, where are we?
Why are wyn't the headlines all over the place? Why
don't you telling us?

Speaker 19 (52:43):
Well?

Speaker 21 (52:43):
I mean, I mean I've seen what our what our
heads of sa S and GCSB have said publicly, and
they've done actually been very very straight up about it
as well. And I think whether I don't know why
it's not reported on as much as it may be
in Australia, but I can tell you at the time,
you know, cerdainly the gallery and p understood that these
guys were talking about things in different ways.

Speaker 2 (53:02):
The white thing you push back from schools. There's a
couple of hundred schools. Now this is the board direction.
So a couple of hundred schools are basically telling you
to naf off. Are you running the country or are
the schools running the country.

Speaker 21 (53:13):
Well, we are, and we're making it very clear to
boards your number one priorities get your kids to school
and teach them the basics brilliantly. I do not care
about anything else. That is what you have to be doing.
That is job number one. We are in such a
parlor state around attendance and academic achievement, and I'm really
passionate about this. This is sort of one of my
motivations for coming into politics was that how on earth

(53:33):
do you call yourself a first world country if you
can't have over half your kids not going to.

Speaker 2 (53:36):
School regular which is what we start agree more. And
yet when the harsh thing the first thing, I mean,
the teachers is a different story on the curriculum, but
the first thing the boards do, two hundred of them,
is go, we hear what you say, and we're not
going to do it. I mean, what does it tell
you about, Well, we've.

Speaker 21 (53:49):
Got two and a half thousand schools, But it just
says that's what parents should be pushing those boards damn
hard on because I'm assuming then they've got outstanding academic achievement,
outstanding attendant records. That is what they have to be
focused on.

Speaker 2 (54:02):
It's what you're up against, though, isn't it. There is
a mindset in this country that people will die on
a helover race as opposed to educating the kids.

Speaker 21 (54:10):
It's just the wrong conversation to be having. You know,
we're talking about our kids and their future and their
ability to access high paying jobs. There is a heap
of them out there in the world. We're really serious
about it. You ask why Australia is thirty five percent
wealthier than New Zealand, by Singapore is now twice as wealthy, Irelands.

Speaker 2 (54:24):
Twice as wealthy.

Speaker 21 (54:26):
We have to get better educated and so you know,
the boards need to wake up. They need to get
very very focused on their core challenge and tasks, which
is to hold that school team accountable and leadership team
accountable for delivering attendance and academic achievement.

Speaker 12 (54:38):
Period.

Speaker 2 (54:39):
Appreciate time Christopher Lucks and Prime Minister thirteenth to wake.

Speaker 1 (54:43):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by the News Talks.

Speaker 2 (54:48):
A be Jeeves. Mike has lux and finally grown a
peer and pressive, refreshing clarity. Thanks for asking the questions
that need to be asked. You to be foot on
the pedal. Very nice of you to say so, Rachel
Reeves looking for to rods. Catch up tomorrow. Reeves, if
you're not following the budget, which is just a week
and a bit away. Has you turned on the tax
So we've talked about it many, many times on the program.
She was going to tax more? They said they would

(55:10):
not tax more. She is going to tax more or
was going to tax more? The only question was who
she was going to tax and how big are broken promise?
It was going to be over the weekend. They panicked basically,
and there is going to be And they let the
Office of Budget Responsibility know that there was a change
of heart that what they thought was going to happen
isn't going to happen. This is being reported over the

(55:31):
weekend by the Financial Times. They basically ripped up the
more tax plan. Now next problem, fine, keep you a
political promise and not taxing people more. Your whole just
for the year. The annual deficit for the year of
sixty five ish billion New Zealand dollars sixty five ish billions,
So that's the size of your hole. She was going
to fill that by taxing people more. Now she's not,

(55:52):
So what's she going to do? So we'll have more
from rod other than he didn't have time with the
Prime Minister. A little bit disappointing that bill we talked
about early on in the program, the business of the
fair trading. Finds that bill's not going into the House
until next year sometimes so it may or may not
even pass before the next election. That's the finding people
millions of dollars if they break the fair trading law.
Other thing that isn't going to be happening until next year, disappointingly,

(56:13):
is this is the business of foreigners and housing.

Speaker 17 (56:17):
Now.

Speaker 2 (56:17):
I know a lot of you against foreigners and housing,
but nevertheless, it is going to be the change and
people can come into the country and they can start
a business, and they can grow the economy, and they
can make their investments and all that sort of stuff.
But one of the things they needed, and this was
the deal they did with New Zealand. First they dragged
Winston kicking and screaming, is five million plus you can
go buy a house.

Speaker 14 (56:35):
Now.

Speaker 2 (56:35):
I thought that was under way. I thought that was
all set to go. It's not going to be passed
until next year, first half of twenty twenty six. So
that's another example of saying one thing and doing it
away a lot longer or way later than we might
have anticipated, which is unfortunate. Eight minutes away from eight.

Speaker 1 (56:53):
The Mike Hosking Breakfast with Bailey's real Estate news Dogs.

Speaker 2 (56:57):
They'd be a mention of the Prime Minister of the
hale over the world, taking in Christ so hailing at
the races. And then I'm watching a little bit of
the Crecket yesterday just glorious. So I mean it's glorious
and it's haling. I don't know what's going on with
the weather at the moment anyway, more with the war
with the lads and the sports commentary, the Joseph Parker thing,
I because I love Joseph Parker, and I've told you
this about a million times before, and I was very

(57:20):
very reassured. I'm assuming they said as whereabouts is unknown,
but I'm assuming he put out a statement sort of
Saturday afternoon our time, so I'm assuming is in our
part of the world. He'll either be in Samira at
home here. But he seemed genuinely surprised, and you want
to give him the benefit of the doubt. And it
might well be one of those things if you want
an insight into how these things work. And once again

(57:40):
I refer you to the Horne documentary on Netflix. Eddie
Hern Barry Hearne, and they look after a guy called
connor Ben who I noticed, boxer connor Ben, who I
noticed was active with U Banks over the weekend and
he won. Anyway, connor Ben's been and broiled and this
is featured fairly heavily in the documentary embroiled in that

(58:01):
sort of activity for a good number of years. He
claimed innocent. He had to fight through the courts. Once
you get into the courts, it becomes a complete shambles because,
of course the wheels of justice turned slowly, but ultimately
he got cleared. So I'm assuming I take Parker at
his word, and I can't, for the life of me
work out why you would put yourself in the position

(58:22):
he allegedly did when you're doing a voluntary test on
the day of a fight. So let's see where it goes,
I guess, but it was a shock anyway. We'll talk
about that with Andrew Sevil and Jason Pine. Do you
think we should raise the Rugby? Should we answer it?
Should we ankst Rugby? Well, see, it's a very nineteen

(58:45):
nineties thing on a Monday to still we talk our
rise and aide sacking. You know, didn't we get over
that years ago. Anyway, more sport for you.

Speaker 1 (58:52):
Shortly asking the questions others won't the mic asking breakfast
with Bailey's real Estate doing real estate differently since nineteen
seventy three, News Talks, head Bag.

Speaker 5 (59:05):
Spra Room.

Speaker 22 (59:07):
It is no wrong, no run cars that.

Speaker 9 (59:16):
I think I lunch.

Speaker 19 (59:21):
And a win here for New Zealand, a little bit
close and tighter in the end than they perhaps anticipated
with fifteen of us to go.

Speaker 2 (59:33):
It's a win by seven runs.

Speaker 15 (59:35):
Speaking, it's a man chatter on Wednesday Night got the
decider between the Angle Runses and the silver Phones because.

Speaker 21 (59:44):
Ingram, there's some winning all lec tamers. Sort of a problem,
isn't it. But you know we we've lost a few
times that we wouldn't have lost you in the past.

Speaker 1 (59:52):
The Monday Morning Commentary barks with Spears Finance smart Asset
and Equipment finance for Kiwi businesses.

Speaker 2 (59:59):
Jason Pin and Andrews both well us fellows, Good morning,
my nay, good morning. Andrew. You're an old mate of Parker.
Is what do you reckon?

Speaker 15 (01:00:07):
Like I think you said before, I think we had
to take his take him at his word that the
strange thing is the bizarre thing is why on earth
would he do that.

Speaker 17 (01:00:20):
Knowing he's going to be.

Speaker 15 (01:00:21):
Tested so close to a fight, and if he had
a one, this would have been even worse, I suppose,
because he would have been in line to fight Usik.
I understand that he will definitely fight it. I understand
he firmly, firmly believes Mike that it's that's a mistake
has been made and it is not anything to do

(01:00:46):
with cocaine.

Speaker 2 (01:00:47):
No, that would be my read on it as well.
Have you talked to Higgins, by the way, I haven't known,
because he'll Mike can't work out what he thinks. So
I mean that he's the one who'd be handling it all.
Wouldn't he very difficult also from the other side of
the world, which makes it complex, complex or complicated?

Speaker 15 (01:01:04):
Yes, it does. And what you've got to understand, Mike,
is that VARDA is the Voluntary Antidoping Association. It's primarily
it tests boxes boxes. A lot of boxes don't get
drug tested, but those that do and those who have
it in their contracts for each separate fight, and it's
demanded by a lot of promoters and management. It is voluntary,

(01:01:26):
so they I think the rules are eight weeks out
from a fight. You can be tested anywhere any time.
You have to let them know their whereabouts. The test
is like you do with Olympic sports and warder rules,
and then you'll be tested after the fight as well.

Speaker 2 (01:01:42):
Was it a big deal for you and the sports show? Jason?
Were people into it?

Speaker 18 (01:01:45):
Are not?

Speaker 17 (01:01:45):
Room? Not really.

Speaker 7 (01:01:47):
I've got a couple of texts asking if we were
going to address it, and I don't know what you say.
You say, look, we wait and see what happens. I
think as you both say, we take Joseph Parker on
his word. There's never been a suggestion of this in
the past. Why would he, as Andrew just said, why
would he so? Look like what your hope is that

(01:02:09):
it is a mistake. The only cautionary tail is that
it's rare for these things to be a mistake. But
I hope on this occasion that it is.

Speaker 2 (01:02:17):
Right Rugby Andrew. It must be hard work now, sort
of building up to Wales. It's not really two terms used,
you know with Wales building up to Wales? Do you
especially when you come up? I mean, how different it
could have been this week?

Speaker 20 (01:02:31):
Eh?

Speaker 15 (01:02:31):
Yep, yep, it would have been a huge week and
the well shown up to much. I see they beat
Japan only just at the weekend. Yeah, frustrating, Mike. Look
overall what thirteen played is it ten wins and three
losses from memory, which on the face of it doesn't
look too bad. But they should have never lost to Argentina.

(01:02:54):
In Argentina, they shouldn't have been blown away by the
spring box. And if they'd played consistently on the weekend
to Twickenham after a twelve new lead, you did not
throw away a twelve new lead. They should have They
should have beaten England. As I mentioned last week, Mike,
they've got this third quarter atis where they go into
the dressing room and then come out and they're all
at sea. I think that suggests again, I think we

(01:03:17):
mentioned it on the show. I think it suggests again
as a disconnect between what the coaches want in game
plans and what the players are playing.

Speaker 7 (01:03:27):
What do you make of it, Jason, I am less
confident about the World Cup in twenty twenty seven now
than I was when Razor took over two years ago.

Speaker 15 (01:03:39):
That's a good point, Jason, because they was sitting there
yesterday looking at the World rankings and in a World Cup,
say semi final, would you back this All Black team
to beat South Africa, France, England Island at full strength?

Speaker 19 (01:03:50):
No?

Speaker 7 (01:03:51):
Absolutely not. The fourth quarter things interesting too. The All
Blacks haven't scored a fourth quarter points in the last
four test matches, so they haven't scored a point but
between halftime in the sixty minute mark for the last four.
The big problem for me, guys is that I haven't
seen improvement under Scott Robertson. I think it would be
very hard for you to sit there, hand on heart
and say that he has improved this team over the

(01:04:14):
last two years. I feel like he's chips in on
Richie Warner to come back and make a massive difference,
which is firstly not absolutely certain that he will and
second a lot of pressure for one bloke. You're right said,
there's there's just a disconnect. Where are the flowing attacking
moves that used to be the hallmark of All Blacks rugby.
It's there are so many places to try and focus

(01:04:37):
on improvement, but that's the thing we haven't seen. We
haven't seen improvement of the All Blacks under Scott Robertson.

Speaker 15 (01:04:44):
Look at the look at the stagnant attack, look at
the aerial game. Yet it hasn't improved, and that's been
a bug by the last couple of years since these
rule changes came in. Around my high kicks, Mike, Yeah,
she was. There's plenty to go through, Penny to work on. Overall,
that game wasn't too bad, but there's a lot of kicking.
And the TMO was in the referee z here the

(01:05:07):
whole game, which they have been during these test matches,
and I assume the TMO was there for foul playing,
for deciding on tries.

Speaker 17 (01:05:14):
It's just gone too far.

Speaker 2 (01:05:15):
Listen, hold on, hold that thought now and answer me
this when you come back, both of you. How come
we've got an interim CEO at the Rugby Union. That's
the other thing I want to know more In a
moment thirteen past.

Speaker 1 (01:05:25):
The Mike asking Breakfast Full Show podcast on iHeartRadio, how
it by News Talks.

Speaker 2 (01:05:30):
It be News Talks at me sixteen past eight, the
Monday Morning commentary Barks with Spears, fight ads.

Speaker 1 (01:05:37):
Smart ass and equipment finance for Kiwi businesses.

Speaker 2 (01:05:40):
Yeah, just correct me if I'm wrong, Jason, Don't they
have an interim CEO? And if they do have an
interim CEO. Does that mean they can't find anybody or
they just want to take their time of what's going on?

Speaker 18 (01:05:49):
Do we know?

Speaker 7 (01:05:50):
Yeah, Steve Lancaster is the interim CEO at the moment.
He applied for the job apparently and hasn't been given it,
so he's on an interim basis. Yeah, presumably they can't
find the candidate with all of the skills required, and
if someone has all those skills required, they're not interested
in the New Zealand rugby job. They'd rather be doing
something else. So yeah, it looks as they will drag

(01:06:10):
into the new year before we find out who's going
to take the top job.

Speaker 15 (01:06:13):
You look at the all Blacks mic and as we
know with business and sport, it's all starts at the top, right.
They need a new CEO in there with a firm hand.
They need a CEO who can straddle the business world
but also community rugby, which in some parts of the
country is dying, if not dead. Provincial unions as well
often have concerns that need to be raised and fair enough,

(01:06:35):
it is a very very difficult job. I know there's
been a whole heap of kiwi candidates that either turned
the job down or have had some real second thoughts
about it. They wanted a new Zealander. But it sounds
like this englishman who is running six Nations is apparently
the front runner for this job. The people I've spoken
to and Rugby say if he's appointed it'll be a
complete disaster.

Speaker 2 (01:06:55):
Interesting is it? Politics? Is politics at play in the job?
Would I look at it and go, geez, look at
the politics? I can't be bothered as there.

Speaker 15 (01:07:02):
It can it can be quite political. You know, you've
got you You've got a feeling new board.

Speaker 17 (01:07:07):
I think.

Speaker 15 (01:07:08):
I think David Kirk is a is a is a
strong personality. It's done a good job so far, I think,
and he's onto it. But that that is a key
and there's other executive roles that remain unfilled. That is
a key, key job. They've got to get it right, mate.

Speaker 22 (01:07:23):
Can I argue it's just just I've heard from impeccable
sources that you were on the sports field on the.

Speaker 15 (01:07:34):
Weekend, well at court the pickle pedal ball.

Speaker 17 (01:07:42):
And you lost.

Speaker 2 (01:07:43):
No, that's seeing. That's why you journalists have the reputation
you do the amount of fake news pedal what is it?

Speaker 17 (01:07:51):
Is it fake news?

Speaker 9 (01:07:52):
Donald?

Speaker 14 (01:07:53):
Is it?

Speaker 2 (01:07:53):
It's It's just, it's just it's just embarrassing, that sort
of fake news.

Speaker 15 (01:07:56):
And I also understand like you used to do to
me in the early nine he's on those magnificent grass
courts at Hagley Park. You were grunting and screaming and yelling.

Speaker 17 (01:08:06):
To put off the opposition.

Speaker 15 (01:08:09):
What was really because it's got nothing to do with
the force you're hitting the ball with, because you've got
tiny little arms and there's no power there. What was now?
I'd like to listen. I'd like to bring in the
impeccable sauce to corroborate my story.

Speaker 23 (01:08:28):
I just want to say, I just want to ask Andrew,
because we've got we've got shared common we've got some
common ground. Now, Andrew, when he played you, did he
hog the baseline and just shout and scream the whole
time to distract you?

Speaker 15 (01:08:41):
Yeah, and try and just try to grind you down.

Speaker 17 (01:08:44):
Yeah, Now, Kate.

Speaker 15 (01:08:46):
In the early nineties, he would turn up in these
skin tight white pants shorts that the Onnie Parron skin
tight white shirt.

Speaker 17 (01:08:54):
He had a mustache back then, and.

Speaker 15 (01:08:57):
He drove a rag and he drove a rag top
next five, and he'd arrive at the public courts and
people would think, what a whanker does he still does
he still turn up dress like that?

Speaker 23 (01:09:10):
No, I wouldn't allow any of that. Thankfully he did
not turn up dress like that. But there was so
much noise that I got embarrassed for the surrounding environment
that I might need to issue an apology.

Speaker 15 (01:09:20):
We were there other people on courts beside you, well, no.

Speaker 23 (01:09:24):
Just people walking past, and I thought this is getting
a little bit. But the other thing where if he
misses a shot, which okay, rare, but if he does
miss a shot, he's so angry at himself, the court,
the racket, everybody. Did you get that?

Speaker 15 (01:09:38):
Did you remind him it's not the US Open final,
It's just a social game on a Saturday or Sunday.

Speaker 23 (01:09:44):
I tried to say that so many times.

Speaker 15 (01:09:46):
I tried to say the jug of Pens Awards just relaxed.

Speaker 2 (01:09:52):
Could we at least concede that the talent came back?
Almost instantly, Catie, the talent came Oh.

Speaker 23 (01:09:59):
Yeah, no, no, no, I'm I think I think the old
muscle memory was there, or so you kept telling me
as soon as you hopped on court. You were like, no, no,
I'm back, I'm back.

Speaker 2 (01:10:06):
And also who won?

Speaker 7 (01:10:09):
Who won?

Speaker 23 (01:10:10):
We didn't actually play a game. We were trying to
just do some hits and and sort of learn the
art of pickleball.

Speaker 2 (01:10:15):
But yeah won that?

Speaker 15 (01:10:18):
Yeah, yeah he would have won that.

Speaker 23 (01:10:19):
Yeah he would have been if that had been a game,
I would have won.

Speaker 12 (01:10:23):
Yeah.

Speaker 2 (01:10:23):
Wow, all right, thanks for I thought you had pilates
or yoga.

Speaker 23 (01:10:30):
I I'm on court as we speak.

Speaker 2 (01:10:33):
Goodness, goodness sake. Thanks very much for organizing that, Andrew.
That was absolutely fantastic. My apologies, Jason. I try and
elevate the conversation in general around this particular segment, but
you know there are those who sort of drag it
down just a little bit.

Speaker 15 (01:10:45):
So we are we done?

Speaker 17 (01:10:46):
Or the more questions?

Speaker 15 (01:10:47):
You had a question before?

Speaker 2 (01:10:48):
No, I didn't Selby and Selby and Trump? By the way,
fire four, Selby's up fire four and the champion a
champion snooker.

Speaker 17 (01:10:56):
It's Donald Trump playing snooker.

Speaker 2 (01:10:57):
No, you you're on the bulletin tonight or is this
your month off?

Speaker 15 (01:11:04):
That's and again we're of nearing December.

Speaker 17 (01:11:07):
Mate, you'll be on lead next week, surely?

Speaker 2 (01:11:10):
Well, if I am, You're gonna feel really bad about this,
aren't you.

Speaker 17 (01:11:14):
Well.

Speaker 2 (01:11:15):
Nice to see you guys, Andrew Saville and Jason Pine
it is and Kate Hawksby It is eight twenty two My.

Speaker 1 (01:11:23):
Costing breakfast with a Vita Retirement Communities News togs Head be.

Speaker 2 (01:11:28):
Well you know the road. Of course, conditions can change
in a heartbeat. Gravel one minute, pouring rain the next
may be a little bit of beach sand or money
farm track tossed in for good measure. That is New Zealand.
Of course, it's unpredictable, it's challenging, it is beautiful. It
is where the defender feels right at home. So it's
not a tribute to the past these days, it's a
living legend, constantly reinvented for today's ever evolving well born.

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From pure capability decades ago, it's now remind with the
cutting edge technology, think several steps ahead, terrain response that
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takes you deep into the back country takes you to
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Looks effortless doing it inside premium modern luxury. Of course

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outside you got your own mistakable rugged strength electric hybrid
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And that's exactly what the defender is. See your local
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Speaker 10 (01:12:29):
Lasky.

Speaker 2 (01:12:30):
I should also meant mentioned Tif Chittenden wrote to me
and gave me the news on Zach Tucker who won
the senior and Tommy Hart who won the junior. What
I'm talking about karting kart Sport New Zealand that went
to the FIA Arrive and Drive World Cup, which is
a new idea. It's a good idea too. So basically
it's a race, it's even it's fair. They hand out
all the equipment. The equipment is pulled so you don't

(01:12:50):
have to take your own equipment to turn up. They
hand you a cart, your race around, you run and
so Zach won the senior category and Tommy Hart came second.
So motors sport is in very good hands. So that's
the news of the carting world. Are housing going off
in Australia at the moment, so much, so much money
is being borrowed in the housing market and Australia at

(01:13:14):
the moment. Over the weekend they started having a discussion
about limiting it. So in other words, it's gone. That's
more from stink price out of Australia for you.

Speaker 20 (01:13:21):
Right after the.

Speaker 12 (01:13:22):
News which is.

Speaker 1 (01:13:24):
Opinionated, informed, und apologetic, the my Hosking breakfast with a
Vita Retirement Communities, Life Your Way news talks had been I.

Speaker 2 (01:13:34):
Was referring to before the news tale of two housing
markets ow one versus Australia's ten billion dollar surge right
in homelanes taken out by investors since the Reserve banks
started cutting rates, so now the calls for bank regulators
to impose nationwide borrowing restrictions. In the three months to
the end of September, investors took out more than forty
billion worth of mortgages, overwhelming majority of them used by

(01:13:56):
existing properties, both a record for the lure of loans
and which is climbed by more than the third and
six months, and the number of loans that towards fifty
eight thousand of them. Investor lending has now reached more
than forty percent of the value of mortgages taken out
by owner occupies, which is a record share in New
South Wales and Victoria. In New South Wales the average
new mortgage is now eight one hundred and twenty eight thousand,

(01:14:19):
and in Victoria the new average mortgage is six hundred
and forty seven thousand. Queensland it's gone up by thirteen
percent to six hundred and eighty seven thousand, so they
cannot get enough of the house. It's twenty two minutes away.

Speaker 10 (01:14:29):
From nine international correspondence with ends in eye insurance, peace
of mind for New Zealand business and in.

Speaker 2 (01:14:35):
The big red land of the left of the Steve
Price to morning.

Speaker 14 (01:14:37):
To you good there, left absolutely with or left?

Speaker 2 (01:14:41):
Yes? Does? When does? If she doesn't survive, susan ly,
if she doesn't survive, when is it happening?

Speaker 14 (01:14:50):
It might happen before the end of the year. There's
another week of parliamentary settings to come before they wrap
up for the year. The noises are just getting too
loud now. The Australian's reporting this morning that a number
of the circled moderates, which means those to the left
in the Liberal Party are starting to abandon her. They

(01:15:11):
see the shift is on and so they say, well,
what's the point of staying with Susan Lee. If her
policies are exactly the same as the Nationals and the
same as the Conservatives, we might as well get on
board the conservative bandwagon. Now, who's driving that bus? Will
Andrew Hasty, former sas soldier from Perth. He is very

(01:15:31):
much a conservative, but he's also young. He has some
very progressive views about the way that the Liberal Party
should be moving. He believes that not only should they
dump net zero, but they should push hard on new
coal five power stations, nuclear energy, and he has some
pretty tough words to say on defense spending as well.

(01:15:53):
So that's the direction it's going in. Will it get
their pre Christmas? I can't call that yet, and I
think we'll find out. This week's pivotal for her. I mean,
she announced the net zero tie up with the National
yesterday after a week of delly dallying around with various meetings.
It will just depend on whether they have the appetite

(01:16:14):
to do it quickly. If they do, they should because
there's no point just leaving you. They're hanging in the breeze.

Speaker 2 (01:16:18):
No exactly. And you also want a good run up,
don't you. I mean, I know that you've just had
an election. I get that, But I mean, if you
want to get your feet under the table, get a
few ideas, get out into them.

Speaker 17 (01:16:27):
You know.

Speaker 2 (01:16:27):
Well, once people start getting engaged again in the electoral cycle,
you want to be the established player, don't you.

Speaker 14 (01:16:33):
Yeah, you do. Because what Labor is doing is just
taking advantage of all of this. The Prime Minister, I'll
tell you about this in the second. He's wondering around
the country handing out money, telling people that their energy
bills will go down when we stick up a whole
bunch of wind turbines and sun and solar panels. So
he's got a big advantage at the moment. He's making
use of it. He is really out there pushing his

(01:16:54):
brand very hard. And the longer the Liberals lead at
the worst single.

Speaker 2 (01:16:57):
Yeh and speak. So today it's and it's trains and
so how much of that's federal, how much of that state?

Speaker 14 (01:17:05):
Well, the Prime Minister came yesterday to Melbourne and he
rode what's known what has been called the Metro Tunnel,
which will open at the end of November. Now, this
thing's cost fifteen point five billion dollars. Basically, what they've
done is they've done two tunnels underneath the city so
they could join up two train lines so you don't
have to go on what's known as the City Loop.

(01:17:27):
So that's going to open November thirty. Interestingly, that'll be
one year almost exactly until the next state election. So
the PM came rode the train with the Premier to
Center Allen and he said, well, we're going to give
more money to this suburban rail, which is an underground
train system. I know this is difficult for people don't
know Melbourne well to get their head around, but it

(01:17:48):
will go from the southeast to the west underground and
it's going to take another ten years to finish. The
cost thirty four point five billion dollars. So when you
add that up to the metro Funnel at fifteen point
five billion, you're looking at fifty billion dollars and they've
only funded a quarter of it the state and federal

(01:18:10):
government combined, so they've got to get the money from
somewhere and the state is basically broke. So it is
an extraordinary promise. He said, there'll be money in the
May budget. This is the Prime minister. When asked how much,
he said, well, we have budgets for a reason. You
can wait until then and you'll find out.

Speaker 2 (01:18:26):
Does anyone care about the fact that you're not making
a surplus and you're running yourself slowly but surely bankrupt or?
Has he got so much political capital he doesn't.

Speaker 14 (01:18:33):
Care well in Melbourne. In Victoria, hera, I mean the
people working on these projects largely from the radical CFMAU union,
and so they've got jobs for life. I mean they
have stitched up these building contracts and they all of
their members are getting paid extraordinary high wages. And there's
so many public servants now being paid by the taxpayer

(01:18:54):
in Victoria that that's how Cinder, Allen and Laybor just
keep getting re elected and as I said, can't. Next
Friday will be one year exactly to the state election,
and if you asked me who would win, I'd have
to tell you that the labor government that have made
a complete utter shambles of this state will get back.

Speaker 2 (01:19:12):
Unreal where are the people, I mean are they the
inner city suburbs? Because you look at downtown Melbourne, you
look at the shops, that aren't open. You look at
the protests every Saturday. You look at all the problems
you have the supporters and amongst this, and they're going this.

Speaker 14 (01:19:27):
Is the immigrations help. I mean the number of migrants,
particularly from places like India, and less or so from China.
But the Chinese students are here. But that the Indian
migration to this city has been extraordinary, and they are
largely Labor supporters. The Labor Party has done a very
good job at convincing migrants that they're here because Labor

(01:19:49):
government in camer let them come, and so they vote
Labor in the state election.

Speaker 2 (01:19:53):
Unreal. Now, the burger thing, I've been following with a
great deal of metrist so I couldn't work out how
they're doing it. So this is Piastre. He hopped up
with his burger joint and every time he hit the
podium he got a free burger. But now, how is
it they're giving away free burgers and not losing money
hand over first.

Speaker 14 (01:20:08):
Well, I'm not sure about that, but the fact is
he's not getting on the podium, so they don't have
to give away so many hamburgers. They've apologized now for
jinxing Oscar because since the Italian Grand Prix in September,
they were offering Piastre eighty one burgers free to their
customers if he finished. Whenever he finished on the podium, well,
he's not been on the podium since they started this promotion.

(01:20:31):
His leads obviously. Now Don Norris is in front, so
Grilled has now changed its opper to reward fans not
for when he gets on the podium, but for every
time he finishes a race. And he crashed out of
course in San Puilo last weekend, so they didn't have
to give any burgers away then either. Now Piastres fans
have gone online for saying, for God's sake, stop this promotion,

(01:20:53):
give us some hope for the last three races, stop
giving away free Piastre burgers. I'm not sure what grild
are going to do about this, but they're in a
bit of trouble for they.

Speaker 2 (01:21:02):
Well known and do they make good food. Have you
been there?

Speaker 12 (01:21:05):
Good burgers?

Speaker 14 (01:21:06):
Yep, very nice and they're all over the country. I'm
surprised they haven't made their way into news.

Speaker 2 (01:21:11):
I was watching the supercar speaking of cars, watching the
supercars yesterday was at Sandown. I mean that that weather reviewers.
I mean, don't you get sick of it? I mean
it's fine at pause, it's fine at pause. It's just like, geez,
you don't know what to wear.

Speaker 14 (01:21:24):
My forty eight dollars umbrella got blown away by the
wind yesterday. Well, I was trying to play golf in
the middle of a rain storm and a wind owling
through the golf course and I got completely soaked. So
you're right, no one can predict the weather here go up.

Speaker 2 (01:21:39):
See winds don't appreciate it. Speaking of food, actually, Menu
Log announced last week in Australia they're closing down. They
closed down here ages Ago. I didn't realize, but they're
run by an international I don't think it's got anything
to do with the economy, but prospers. It's a Dutch
investment company. Blah blah blah. They want to focus on
Europe and stuff like that. So they're closed down here
and now they've closed down in Australia. Forty five.

Speaker 1 (01:22:02):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, powered
by News Talks at be.

Speaker 17 (01:22:09):
Mike.

Speaker 2 (01:22:10):
We like grilled and Sydney would love them to come
to Tower on a healthy sellers as well. I'm glad you
they put a bit of orange and I couldn't in
following the story. They put a bit of orange somehow
orange something that could have been papaya or something in
the burger to make it sort of McLaren esque and
pastre Westfield and Porium. If you've ever been to San Francisco,
do you know. I was talking to the travel agent

(01:22:30):
the other day and I was trying to work out
an entry point into America where I could spend a
day on the way to somewhere else in America. And
last time we went to America, we stopped in San Francisco.
I want a dump And I said, is San Francisco
any better? And she went, no, it's worse. She's now
recommending you don't go through Los Angeles either. That's got
bad as well. So anyway, Westfield and Porium when we

(01:22:53):
were there last time, So Westfield and Porium was the
big Westfield in the Union Square, heart of San Francisco,
and they closed down a couple of years ago. They said,
the crime's out of control, there's no enforcement. The whole
place is a mess. We're out and Westfield literally this
is one point two million square feet of mal literally
left downtown San Francisco. Anyway, the building at the time

(01:23:14):
was valued at one point two billion dollars and it
sold at auction last week. They didn't appraise. At the
end of twenty two it was down to two hundred
ninety million, So one point two billion down to two
hundred ninety million, so that's seventy six percent drop in value. Finally,
last week it sold for one hundred and thirty three
million dollars, which was eleven percent of its original valuation.

(01:23:35):
That's what they've done. No one knows what they're going
to do with the building, but it's a bargain at
one hundred and thirty three million steat a one point
two billion, But that's what ruining a town does for you.
And the scandal behind us. Speaking of scandals, are is
it going to be a scandal? Probably not the Kirsty
name Christinome, rather the Homeland Security secretary. So she's doing

(01:23:56):
some ads they were shot at Mount Rushmore. She's handing
out money, hundreds of millions of dollars to it, stemming
illegal migration, blah blah blah. Now the scandal that's brewing
is who did the ads a company no one had
ever heard of before. It was a company that was
set up a couple of days before the actual shoot
in Delaware, of all places, nine figure ad deal long

(01:24:19):
standing personal and business ties to Nome and her senior
aids at the DHS a company called Strategy Group. Except
Strategy Group didn't get the money. Mysterious Delaware company created
just days before the deal was finalized. No firm with
closer tires and Strategy to Nome played a central role
in her twenty twenty two South Dakota givenatorial campaign, and
Lewandowski is in there as well, her top adviser at

(01:24:42):
the DHS. He's worked extensively with Strategy as well. Contracts
are two hundred and twenty million dollars in counting. They're
buying television airtime and spots on social media and stuff
like that. So far this company in Delaware has received
one hundred and forty three million dollars. Best mates with Christy,
So I suppose someone's going to ask a few questions
about that. We'll see it goes anywhere. Nine minutes away
from nine.

Speaker 1 (01:25:03):
The Mike Hosking breakfast with the Defender and use togs eNB.

Speaker 2 (01:25:07):
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(01:26:10):
your day in Santa Monica fabulous, took five minutes to
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Sure that's a recommendation. Five minutes away from nine.

Speaker 1 (01:26:27):
Trending now with Chemist Well's keeping Kiwi's.

Speaker 2 (01:26:31):
Healthy, All year out, All Right. Taylor's back new six
part doco series. This is a series about the Eras Tour.
It's behind the scene looks of you know, the biggest
concerts Taylor. This show created a bonding experience for like
seventy thousand people all at once.

Speaker 8 (01:26:47):
There's something very.

Speaker 4 (01:26:48):
Special about that.

Speaker 1 (01:26:50):
I came up with the idea for the Aras Tour
about two years before the tour started.

Speaker 24 (01:26:56):
My main goal is to give something to the fans
that they didn't expect.

Speaker 2 (01:26:59):
Summer where everyone is screaming so loud.

Speaker 17 (01:27:03):
I love having a good secret.

Speaker 24 (01:27:05):
So it goes New Year's Day versu and chorus manuscript
bridge into long Lived, Bridge into the down verse of
Long Live, into hold onto the memories they will hold
on to you, into long Live chorus, but slowed down
to halftime New Year's Day chords underneath it into the
last version for manuscript That's Complicated.

Speaker 2 (01:27:27):
Taya love her one on one interviews with Tayler with
Sabrina Carpenter read utical about her over the weekend. It
said she was going to be like the biggest thing
in the world until she wasn't. What happened?

Speaker 17 (01:27:39):
Now?

Speaker 2 (01:27:39):
That was Sidney Sweeney? Was it Sidney Sweeney? I think
it is Sidney Sweeney. Mind you, Sabrina Kaepener. Anyway, Travis
is in the reads in there? Hasn't shearing Florence Welsh?
Who's she?

Speaker 12 (01:27:52):
Oh?

Speaker 2 (01:27:52):
Is it Florence on the machine?

Speaker 17 (01:27:53):
Isn't?

Speaker 2 (01:27:53):
Why is she in there? What's it matter? December twelfth
on Disney two episodes a week for six episodes. That
three weeks times two also goes the few anyway, enjoy it.
Disney went up put the prices, we got the notice.
It a couple hundred dollars a year. Why not powers up?
Disney's up. Everything's up. For goodness sake. We're still free

(01:28:14):
as of tomorrow morning at six with Ford your Company Happier.

Speaker 1 (01:28:20):
For more from the Mic Asking Breakfast Listen Live to
news talks that'd be from six am weekdays, or follow
the podcast on iHeartRadio

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