Full Show Podcast: 18 August 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
It's your source of freaking news, challenging opinion and honors facts,
The Mike Hosking Breakfast with a Veta, retirement, Communities, Life
your Way News, togs Head being one the other days.

Speaker 2 (00:12):
Leave that data that suggests we're about to cross a trillion,
and the red the argument for small nuclear reactors to
power our data and AI the ployment, strong food prices
and ferry deals. John Hart on the rugby the lads
in the commentary box, Richard Arnold, Steve Price.

Speaker 3 (00:24):
As well with Husking.

Speaker 2 (00:25):
Welcome to the brand new week seven past six. We're
in a real quandary at the moment, aren't we. The
Dragons were what better than we thought? The opening break
where they spilled the ball that was a precursor of
things to come. Are their opening try or try show
pace expansion the work of a quality team. They lit
at half time rightly so I thought our tries, especially
the first with that mad unstructured razzle dazzle of old

(00:47):
that it tries to try upshot is either it was
a good game actually it was exciting hit a showmanship
about it. Not a lot of points, but plenty of
high drama and the good news this of course we win.
Now here's the issue. What does it say about a
side that can lose three then win one and still
be in the top four, not just the eight, not
just scrapping desperately for some last chance playoff spot, but

(01:07):
the top four. Only good sides get to that sort
of position. Also, based on the run in versus the
run in for some of the other sides, we have
to be good for at least four more points, maybe
fingers cross six points. The others, as the Panthers and
the Bulldogs found out, don't have that luxury. So all
things being equal, we find ourselves, do we not in
a unique position? What if we're in the four but

(01:28):
we haven't beaten the sides we will eventually face for
the title. Is a soft run even if it's a
clean sweep, a soft run in enough of a runway
to have us believe that we can suddenly play and
beat sides we haven't been able to beat all year.
What about the injuries? How many of these ones who
might be back before the end of the season have
to come back to bolster a ravaged side to give
us a sense that we are, in fact suddenly good

(01:49):
enough to do what? Until now we haven't been able
to do. Yes, the run to the finals is the key.
The team's on the up. Are the ones who will win?
Are we a team on the up? Could we be
a team on the up? So I've already said it,
said it last week. This isn't our year. It might
be a good year, could be bordering on an excellent year.
But could I be wrong? Surely top four deserves more
hope and more expectation than I'm giving them. So is

(02:12):
this our year? Open question?

Speaker 3 (02:20):
What news of the world in ninety seconds?

Speaker 2 (02:24):
Well scrambling and the private jets being fired up as
half of Europe is getting set to hit Washington tomorrow.
Ursul has prepared her shopping list.

Speaker 4 (02:31):
Ukraine must be able to uphold its sovereignty and its
territorial integrity. No limitations on Ukrainian armed forces. Ukraine must
become a steel porcupine, undigestible for potential invaders.

Speaker 2 (02:47):
What Vlood's talking tough.

Speaker 5 (02:50):
It's necessary to cease fire and work quickly on a
final deal. We'll talk about it in Washington. Putin does
not want to stop the killing, but he must do it.

Speaker 2 (03:02):
The other war is the Soonamore protests. This morning is
is Riley's Rock Highways.

Speaker 6 (03:06):
A civil initiative they're calling it, but basically it's a
whole series of civil disturbances all the way around the
country on this day of stoppage, blocking roads, blocking traffic,
causing obstruction.

Speaker 2 (03:17):
What do they want and when do they want?

Speaker 7 (03:19):
We want the warder and we.

Speaker 6 (03:21):
Want our hostages back. We want our soldiers back safe home,
and we want a humanitarian disaster in Gaza to end.

Speaker 7 (03:28):
We do not want to have these primes made.

Speaker 8 (03:31):
In our name.

Speaker 2 (03:32):
Old Binge running as usual lines the sum when we
come up.

Speaker 9 (03:35):
Those who are calling for an end to the war
today without defeating Hamas are not only hardening Hamas's stance
and delaying the release of our hostages. They are also
ensuring that the horrors of October seventh will recur again
and again.

Speaker 2 (03:47):
And then in Britain it's horse racing fans up in
arms as the government dies a tax increase on beating,
so the industry is going on strike.

Speaker 10 (03:53):
We are part of the social fabric eventuation with a
second most attended sport in We are part of broad
communities right up and down the country. You were an
employer of around eighty five thousand people across the nation.

Speaker 2 (04:08):
Finally, China's just wrapped up its three day Humanoid Robot
Game and it was the showcase of the world's advances
in AI and featured robotics from two hundred and eighty
team sixteen different countries that were soccer and running and boxing.
Also a number of jump events on the track. Experts
reckon it was impressive, but the current reality remains. You
still meet the humans who were never far away, controlling

(04:29):
them and changing batteries and adjusting dedlands and picking up
after they fell over. So that is news of the
world in nineteen Do I have good news from Japan?
I do zero point three percent quarter over quarter for
the second quarter. That's more than they thought year on
year at one point two percent. Net exports did it,
So Japan's doing okay, Thank you very much. Twelve past six.

Speaker 1 (04:49):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks EVY.

Speaker 2 (04:57):
So good news in Japan, not so good in China.
REATI sales up three point seven percent. They missed the
analyst expectation they thought four point six. Industrial output was
from one point seven. That's the weakest since November. Fixed
asset investment expanded one point six, slowing from two point eight,
so China is still a problem. Fifteen past six, Rich

(05:18):
Smith's morning to you. Morning mikeep from devon A Funds Management,
and I see something above fifty in manufacturing and I'll
take it all day long.

Speaker 11 (05:27):
Yeah, we've got some good news and it's not from
tourism or agriculture for once. So this is the Benz
Business News, the Unperformance of Manufacturing Index fifty two point eight.

Speaker 2 (05:35):
You quite right.

Speaker 11 (05:35):
It's an expensiony mode, up from forty nine point two
in June and the average of fifty two point five
since survey began.

Speaker 3 (05:42):
So we're back at the levels of activities.

Speaker 11 (05:44):
Sought the start a year all five seven decease. They
were an expansion mode. So new orders hecensed March twenty
twenty two, production heigcens August twenty twenty two, and even
employment they edged into positivity. That's encouraging as well. But yeah,
before we popped the champagne cork, the proportion of negative
comments and respondents stood at fifty eight point six percent,

(06:04):
so that's down from sixty five percent of main June.
But still observed that a pessimism there around costs, inflation,
economic concertainly, and of course our fifteen percent tariffs that
put some explorers at a competitive disadvantage. So yeah, some
manufacturers citing a lack of confidence still and customers basically
ordering only what they immediately need. That's creating some sta conditions.

(06:25):
But activity has edged up but was still in a
tepid state. So now let's see we whether we get
a definitive turning point. But yeah, he sounds like we
might need another.

Speaker 2 (06:33):
Rake up and then we've got well, we'll get one
of those this week. I hope fingers crossed.

Speaker 11 (06:37):
Now.

Speaker 2 (06:37):
Migration at thirteen seven, so it's going down. It's getting
close to the zero every time we look in the Yeah,
that's right.

Speaker 11 (06:44):
The Talwin's continue to fade, and I'd say we're barely
a stiff breeze right now. So yeah, thirteen thousand, seven
hundred and June twenty five years that was down from
seventy four hundred and June twenty twenty four, So we
lost forty six and a half thousand New Zealanders and
that's near record levels. We did see sixty thousand and
two and again of non New Zealanders. On the other side,
so that also was down from the Giddy Heights one

(07:05):
hundred and fifteen thousand in June twenty twenty four, and
the number of non New Zealand citizens arriving had nearly
hard from the October twenty twenty three years, so New
Zealand's is not as attractive as it was, and the
brain drain MIKE is continuing. Seventy one thousand, eight hundred
departures of kiwis in the June twenty five year that
was just below the record in twenty twelve. In terms

(07:26):
of age group, eighteen to thirty year olds are thirty
eight percent of the amount. If we want to take
a positive, that's down from the peak in nineteen seventy nine.
It's sixty percent then, but fourteen out of every thousand
on a per capita basis are leaving, and that's also
down from a peak of twenty in that same year.
But one thing though, Mike tourism is still humming. Overseas
visit arrivals three point three eight million in the year

(07:49):
that's up one hundred and sixty two thousand on the
year before. Ossie's are coming in droves up one hundred
and forty one thousand to one point four million. Just
looking at the month June, we still visit arrivals of
one hundred eight six eight hundred, so we're around about
eighty seven of pre COVID. So sort of getting back there.
And you talk about food inflation, the cost of living, well,
we're still managing to find money to go sure on holidays. Yeah,

(08:11):
so particular Aga are record seven hundred and thirty thousand
trips there, that's up twenty percent on the year before.
And we suppose, you know, we're also looking at the
region accounting for around about a quarter of all short
term overseas trips. So now the borders are certainly busy.

Speaker 2 (08:27):
Mike Good US retail scene, give us the update.

Speaker 11 (08:31):
So the US consumers hanging in there. So sales rows
at the retail level up half percent last month, seven
and twenty six billion. That was extending dunes up at
the revised point nine percent move annually, it's up three
point nine percent. The numbers zo aren't adjusted for inflation
to be that of mine. But America's love of cars
that continue to drive spending, So motor vehicle and autoparts

(08:53):
are up one point six percent. If you strip all
that out sales up point three percent, So it does
seem like things are moderating and we're seeing the uning seeds.

Speaker 12 (09:00):
Mike.

Speaker 11 (09:00):
It's particularly moderating in terms of spending amongst lower income households.
And there was an interesting survey out as well, as
there always is from a University of Michigan, and that
showed that consumers sentiment is down for the first time
in four months. And guess what the concerns are over inflation.
So consumers they expect inflation to be four point nine
percent of the next year, three point nine the next

(09:20):
five to ten years, and that it's a little bit
of a concern really because fifty eight percent of use
consumers plan to cut back their spinning on the year
head as they braced for further inflation. So, you know,
maybe despite what the White House in recent CPI data
maybe saying, I reckon, Americans see themselves as footing the bill,
so they might be onto something. US import prices they
increased by point four percent in July. That was against

(09:42):
expectations for them to be flat numbers. Please, So the
Dow was edged up on Friday out point one percent
forty four nine four six is in P five hundred
that was down point three percent sixty four four nine,
but still had a positive week. NAZAC that was down
point four percent, foot Sea also down point four percent.
Nick it was up one point seven percent. You mentioned
Japan's for forty three three seven eight there asex two

(10:04):
hundred point seven percent eight nine three eight INTx fifty
we're up point four percent twelve eight eight nine. Gold
that was flat three thousand three and thirty six ounce
oil down on dollars sixteen sixty two spot eight eighty.
In the currency markets, keevy slightly high against the US
sold fifty nine point too, slightly lower against Austrand dollar
ninety one point zero British pound. We have forty three
point seven Japanese gen We're down point three percent eighty

(10:26):
seven point two this week. Mike Lot's going on as usual.
We've got off shore got use housing starts five minutes inflation,
US Canada and Japan. Off shore earnings at Walmart, Target
Home Depost lots on the retail there and es day Lauder. Locally,
we've got fifteen companies reporting contact Aukan Airport A two
Milk and Spark Data Front service sector data producer prices

(10:48):
dairy auction trade and credit spinning data and of course
let's be having an RB and Z quart a point cut.

Speaker 2 (10:54):
Yeah, did right go well? Greg Smith, Devon Funds Management,
Monday Morning Past King Shine the UK generated you talk
about people with money to travel and people got money
to buy cheap crap from China. So she and schine
Ukar generated four and a half billion dollars in Britain
alone in sales last year.

Speaker 4 (11:13):
Is that up?

Speaker 2 (11:13):
Yes, it is. It's up thirty three percent. So there's
plenty of money out there for shopping if you want.
At six twenty one, here a news films.

Speaker 1 (11:20):
There become the Vike Asking Breakfast Full Show podcast on iHeartRadio,
cow it By News Talks at be.

Speaker 2 (11:32):
So did you get sucked in? Likehearted? Hey, you watched
it the whole thing. You're standing by, standing by, standing
by for Alaska, and nothing really happened while it did.
What we couldn't work out was why they thought it
would go any differently, Because when one major party is
not even in the room, not even in the country,
you can't possibly come out and answer a whole lot
of questions because of course you've got to go back

(11:53):
to that third party to see what you've secured in
the meeting behind closed doors. So Wit coughs out this
morning saying that Putin's offered this concession, this NATO style
Article five type concession, and the concession being an attack
on one is attack on all. So if he's conceded
that they're setting or laying the table for tomorrow, Rubio goes,

(12:13):
we're still a long way away from a peace agreement.
I don't think things going anywhere, but be that as
it may. Half of Europe turns up at the White
House tomorrow along with Zelenski. So what they're going to
go is, look what we've got for you. We've got
this NATO style guarantee. So once we've set this thing,
Putin's going nowhere ever again. In return, please can we
have just a fairly large slice of your country, at

(12:35):
which point the Europeans are going to go well, and
this is the only interesting part about this. Obviously, Zelenzi's
going to go no way, But what are europe What
are europe going to do? Who are spending a fortune
defending Ukraine? Are they going to go?

Speaker 12 (12:48):
Look?

Speaker 2 (12:48):
Mate, come on, honestly, it's just a slice. It's the
top right hand corner give it to him? Is that
how it's going to go? So this time tomorrow it'll
be all on six twenty five trending.

Speaker 1 (12:59):
Now tom where house you're one star for Father's Day fragrances.

Speaker 2 (13:13):
So we're going to sing eventually, Well the Garden of
does sound like Johnny Cash, doesn't It must have been
alone the guitar at the beginning, you think this is
Johnny Cash.

Speaker 8 (13:23):
Funny, it was cows with guns for a minute there, No, I.

Speaker 2 (13:27):
Didn't Russell cry the Gentleman Barbers, which is quite a
good name for a band, really, isn't it. Last time
we had Russell Croh in the program he talked about
is he was? He was out here touring with the
Gentleman Barbers. Anyways, say, was it the indoor garden party?

Speaker 9 (13:42):
There?

Speaker 13 (13:43):
Oh?

Speaker 2 (13:44):
I see? Could have been the indoor garden party because and.

Speaker 8 (13:46):
Then of course before that you had the ordinary fear
of God, and then before that you had did I
put a crown?

Speaker 2 (13:54):
Hopelessly and decisive, isn't it? Anyway? He's released a music video,
spoken for the first time about that famous phone incident
in New York. He goes, look, man at sixty one,
he's only sixty one, he is, he looks older. I
can forgive my bad days, not all. I'm not one

(14:15):
of those people that can say you shouldn't have regrets.
I absolutely respect regret. Regret as one of the greatest processes.
You know, you're not going to be finding any improvement
by not being honest with yourself about who you are
and what you did and what you might have said.
Let's see refined Russell clearly in the contemplative mood with
those smart gentleman barbers ai into that. What about running

(14:40):
it on nuclear? What about that? Is an idea? This
is an idea. That's a good idea, but it's one
of those good ideas that's going nowhere. Were having you
report on this and the possibilities for the New Zealand
economy to tell you about in a moment, the.

Speaker 1 (14:54):
News and the newsmakers, the Mic Hosking breakfast with Rainethrover
leading by example, news togs dead by.

Speaker 2 (15:02):
Interesting polls out in Australia this morning. I have to
you shortly, Richard arn lobbisly on tomorrow's big meeting in
the monment though twenty three minutes away from seven back
here in New report is what we need to do
energy wise when it comes to things like AI. We
want it, as claimed, to become a data hub. Now
to do this, we need to look at small scale
You're ready small scale nuclear reactors. Thomas Scrooonship, researcher at

(15:24):
the maximum institutes with us Thomas Morning, Good morning, Mike.
Do we want to become an AI and data center country?
It doesn't everybody? And if we do, aren't we behind
the race already?

Speaker 14 (15:35):
Well, we certainly have a wonderful opportunity here to be
thinking about how we can expand this industry. Now, we
already have some of these data centers here in New Zealand,
both smaller local providers but also Amazon and Microsoft are
investing reasonably heavily in New Zealand. It's expected to count
for about ten billion dollars of GDP over the next
fifteen years. So there are things already happening. And I

(15:58):
guess the advantage we have is that we have a
relatively cool climate, and we have renewable energy, which some
investors will think is at a feature, and then reconably
good privacy laws. So we are an attractive opportunity here,
but we need to make the right steps keep.

Speaker 2 (16:12):
Growing it in the scale up required power wise, is
nuclear the only way, Well.

Speaker 14 (16:18):
Nuclear is not the only way. The secret with energy
production is to pursue all options. The government has just
announced in the last few months a sixty million dollar
investment and researching super critical geothermal. So that's like conventional
geotherrmal energy, but you go deeper and find more power.

Speaker 15 (16:36):
So that's another.

Speaker 14 (16:39):
Pushing out the boat a bit to see some emerging technologies,
but conventional things like hydro and geothermal are great as well.
So we want all sorts of energy.

Speaker 16 (16:47):
Are they?

Speaker 2 (16:47):
Because that's why I asked the question. I mean, we
can't even produce enough power to keep the lights on
on a cold winter's morning for goodness sake. From everything
I'm reading with AI and data, it needs to be
exponentially growing. And that's what more dams, more propellers, more panels.

Speaker 14 (17:06):
Yeah, absolutely we small nuclear reactors are an excellent source
of energy that we should be exploring. The International Energy
Agencies report earlier this year was titled a New Era
for Nuclear Energy. The world is heavily heavily investing in
nuclear power. Over thirty countries have signed a pledge to

(17:28):
triple nuclear power production by twenty fifty. The world is
returning to nuclear power because it is clean, because it
is reliable, is always there for you. The nuclear power
is something we should be looking at.

Speaker 2 (17:39):
That is correct, And you offer logic to me this morning,
and yet there will be many in New Zealand are
going absolutely not. How do you get over that hurdle?

Speaker 14 (17:48):
Well, the first thing I want to point out is
that New Zealand's opposition to nuclear power is quite recent
in the nineteen seventies, so not that long ago. In
the nineteen seventies, we had a Royal Commission on Nuclear
Power and a release support Report in nineteen seventy eight
that was expecting a significant nuclear power program in New
Zealand by the early twenty first century. It's only since

(18:10):
the nineteen eighties we became a country that reacted against
nuclear power because of its associations with weapons testing in
the Pacific. But nuclear energy is not the same thing
as a nuclear bomb, and New Zealand hasn't always been
opposed to nuclear energy. Once upon a time we were
expecting to get nuclear power, and we can talk people
back into that.

Speaker 2 (18:29):
Almost too much logic for us to handle on a
Monday Thomas Well done. Thomas Scrims are out of the
Maximum Institute this morning.

Speaker 1 (18:35):
It is nineteen to seven the Mic Hosking Breakfast Full
Show podcast on iHeartRadio powered by News.

Speaker 2 (18:42):
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dot n Z asks interesting watching the time interview with
robertson yesterday, no regrets whatsoever Following the party line Hipkins
and adur in collusion disappointing. He implies anyone that criticizes

(19:47):
their COVID response is likely a small bunch of conspiracy
theorists called it a show trial. I didn't see the interview.
Who's got time for that on a Sunday for goodness sake?
I saw the clips on the news, but the arrogance
involved is gobsmacking, isn't it. Which it brings me to
what I did read over the weekend was Bruce Cottle's
piece in The Herald. If you missed it read It
culminates in the simple Lie. He talks about these clowns

(20:07):
and not turning up and lack of accountability and responsibility
and lack of professionalism, all things that are going wrong
with the country. It culminates with the line of New
Zealand you need to wake up well worth reading sixteen.

Speaker 13 (20:19):
To two International Correspondence with ends and eye insurance, peace
of mind for New Zealand business.

Speaker 2 (20:26):
I'd Reachenland morning the good and what mind. Do you
have you any room left in the room tomorrow?

Speaker 7 (20:31):
Yeah?

Speaker 17 (20:31):
The Europeans are coming, are they ever? They are sending,
as you indicate, a remarkable number of heavy hitters through
Washington tomorrow to backup Ukrainian leader Zelenski in his meeting
post the Alaska someond with Trump. These include Germany's Chancellor
of Matt's, French President Macron, Britain's PM starm At, Finnish
President Stubb, Italy's Maloney, and the boss of NATO, Mark Rutta.

(20:54):
All these people are posse meant to who defend Zelensky
after he was ambushed on his last visit to the
overlofs Many will recall, No, says US Secretary of State Rubio.

Speaker 18 (21:04):
They're not coming here tomorrow to keep Zelensky from being bullied.

Speaker 7 (21:08):
Rubio says, as well, of this session.

Speaker 18 (21:11):
Our goal here is to have a peace agreement to
end this war, okay. And obviously we felt, and I agreed,
that there was enough progress, not a lot of progress,
but enough progress made in those talks to allow us
to move to the next phase. If not, we wouldn't
be having Zelenski flying all the way over here. We
wouldn't be having all the Europeans coming all the way over.

Speaker 17 (21:28):
What was the progress. Well, they're not really saying much,
which is typical of these meetings. It softened days and
days before we find out what really went on behind
closed doors. Instead, we saw all those upsettings, theatrics like
the glad handling with the Putin who was grinning as
he was welcomed into the Beast, the armored US presidential limo,
and who then was allowed to speak first at the
summit's No Questions news briefing and gleefully claimed that he

(21:50):
would never have invaded U Crate if Trump was in
power at the time, and who then labeled the Biden election.

Speaker 2 (21:56):
Victory as they fraud.

Speaker 17 (21:57):
It was pretty grotesque, says Democratic centers Chris Van Holland.

Speaker 19 (22:01):
It was an embarrassment for the United States. It was
a failure. Couldn't got everything he wanted. I mean, first
of all, he wanted that photo op right, He wanted
to be absolved of his war crimes in front of
the world. He was invaded to the United States. War
criminals are not normally invited to the United States of America.
He is intentionally murdering civilians. He's kidnapping children, and now

(22:22):
he got to stand next to the President of the
United States, legitimized in the view of the world.

Speaker 3 (22:27):
Second, he'd have to.

Speaker 17 (22:28):
Give up anything, nothing, Well, a letter to Pertin prom
us first, Lady, Milania is a river to have been
written by Ai just Putin to quote restore the melodic
laughter of children. Sure, Russia fired another sixty weapons into
Ukraine last night, killing five people, wounding another eleven. Since
this war began, New York Times says Russia has lost
at least one hundred and twenty thousand people killed, while

(22:49):
the Guardians suggests it's over one million Russians killed or wounded,
while Ukrainian losses are estimated at seventy thousand dead and
up to one hundred and twenty thousand wounded. But is
there more happening on the diplomatic front. The Ukrainian medium
is slamming as unacceptable Russia's calls for Ukrainian territory to
be ceded to Putin, even in areas of the Eastern
Donetic that Russia doesn't have military control overs yet. One

(23:13):
Ukrainian newspaper calls the Alaska someone quotes sickly, shameful and
useless for Trump. In voice, Steve Widcough, who has been
very much eat on the talk, says no, there have
been small diplomatic gains from Russia.

Speaker 16 (23:25):
They made some other concessions on several of the regions.
I'm not going to discuss it now.

Speaker 2 (23:30):
The Ukrainians are aware of it, as are the Europeans,
and it was significant.

Speaker 20 (23:35):
That's interesting.

Speaker 17 (23:36):
Also on future security, says Witkough.

Speaker 21 (23:38):
We agreed to.

Speaker 1 (23:40):
Robust security guarantees that I would describe as game changing.

Speaker 17 (23:45):
Again tell us more so, it's a tough situation, a
tough meeting for Zelensky. Meantime, One other view is that
all is simply to set up things to fail. Whether
Trump team then can say they tribe and walk off,
bailing on the commitment and leaving Ukraine and the Western
Alliance in chaos.

Speaker 2 (24:00):
See let's see see Wednesday. Richard Arden state, So I
just a couple of things in that part of the world.

Speaker 22 (24:04):
D C.

Speaker 2 (24:05):
Washington are suing Trump over the you know, in fact,
there's a lot of tanks on the streets and they
don't like it. Mortgage rates lowest level in ten months.
But think about this, they're thirty fixed, which is psychologically
quite something for people in this country. You argue over
whether we should settle on eighteen months or two years,
they do thirty years fixed. It's currently sitting. It's the

(24:25):
Remember it's the lowest levels in October six, zero point
five eight percent, So it ain't that flash. But the
best story out of America this weekend was, of course,
the fact that Stoltenberg, formerly of NATO, was wandering down
the street perfectly happily when his phone rings and it
was Trump inquiring about the Nobel Peace Price. I wouldn't

(24:46):
mind price. And of all the stories that float around
about Trump as to whether they're true or not, you
know full will that's true, don't you. Ten away from
seven the.

Speaker 3 (24:55):
Mike Casting Breakfast with Bailey's real estate news talks, they'd be.

Speaker 2 (24:59):
By the way, I mean this briefly. Last week, Bolivia's
voting at the moment for the president for the BP
thirty six Senate seat one hundred and thirty Chamber of Deputies,
the most important one. There's a couple of the right wingers.
There are ten candidates in all. The two leading ones
will not get. No one thinks today they will get
the fifty percent required. So they're going to have a runoff,
but that's unfolding as we speak. Three polls, you want,

(25:21):
three poles, So as regards the aforementioned Robertson, Hipkins, et cetera,
and that disgrace as to whether they should have fronted
the COVID inquiry poll out over the weekend, fifty three
to twenty eight. Does that surprise you? Nineteen don't know.
That will be their great hope. That'll be the advice
they're getting from Denton's the lawyers, of course, that people
have moved on and next year an election year, they

(25:41):
don't feel bad about it anymore, that they don't care anymore.
But fifty three to twenty eight, twenty eight agree with
their decision, fifty three don't agree with it. So that's
fairly compelling, I would argue. Then we've got a poll
this morning and at two poles in Australia. One's a
news poll forty two percent, so that the US tariffs
are of more concern than the Chinese military build up.

(26:04):
So I suppose that's got something to do with the
real world and real life in your price to be
groceries or yaka or your house or whatever. So forty
two percent think the US tariffs are more important than
the Chinese military build up. So it's forty two to
thirty seven twenty one. Don't know, it's split Conservatives more
worried about the Chinese. But then you've got Elban Easy
and this is one of them. This is a zeitgeist thing.

(26:25):
As far as I can work out, Elban Easy is
getting more popular by the day. For a guy who
struggled in his first term at times looked like a shambles,
he won the election one at well, and then this
morning's poll they're up another two points primary vote to
thirty seven, the coalition's primary steady on twenty nine and

(26:46):
one nation is up a little bit. In fact, they're
up three to nine. And the rest of his increases
come from the minor parties, where the support is fading
away on the two party preferred, which is what they
base it on. Of course, fifty nine forty one. It's
a thrasho. So not only did he win a gargantuan
victory in the election, if they would hold election today

(27:07):
he would get even more seats. How do you explain that?
And when I say the zeitgeist, is it just one
of those things? Once you perceive in your mind he
looks like a winner. Therefore he is. Could that be
the reverse of luxeant? Once you perceive he's not doing
that well, therefore he isn't. And whether it's true or
not doesn't matter. It's just it's a vibe. It's Marbo

(27:28):
five minutes away from seven polly Ins and the outs.

Speaker 1 (27:32):
It's the fizz with business favor. Take your business productivity
to the next level.

Speaker 2 (27:37):
Now our old mark listened. Craig's investment is worth read
this morning in the paper because he says, the current
reporting is that go I got to get a couple
of good stories. So eating out. I've got stats around
eating out for you after seven o'clock. We are spending
money like the snow tomorrow. We're spending like drunks. In fact,
we probably are drunk when we eat out. The probably
get drunk and then spend more money. Anyway, I've got that.
You saw the manufacturing numbers earlier on this morning with

(27:59):
Greg but marks in the paper this morning, he says
the current reporting season suggests the long awaited economic recovery
is in sight. We're at the point where we can
reverse the damage of eight consecutive quarters of contraction. He
points to agg doing well, so there's no surprise there.
But he also says importantly, we've got through what those
in the industry called the confession season, when those businesses

(28:20):
that are struggling simply can't pretend anymore that they're viable.
And despite some businesses in retail construction, we've all heard
the story folding, he argues, We're out the other side
of confession season largely unscathed. We're relying on guidance from
the big companies coming up in the next week or so.
We've got Contact Energy, A two as Greg alluded to,

(28:40):
spark Auckland Airport, Freightways, Fletcher Building. They're all reporting freight
ways and Fletcher Building right the ups and downs of
the economy more than others. So the numbers are going
to be fascinating.

Speaker 9 (28:51):
So the end of.

Speaker 2 (28:52):
August is shaping up to be a big couple of
weeks for the government. So between the manufacturing, I gave
you the trichometer before I left you on Friday, them
at both light and heavy. We're both up. Got mark
in the paper this morning. I've got people out spending
like drunks at HOSPO. If you're watching the news last night.

(29:13):
They had the big travel show in christ Church over
the last couple of days. They've never seen people spending
money on travel like it in their life. We're going
to Asia. We're loving Asia apparently, so someone's got some dough.

Speaker 8 (29:26):
I'm going to have to get my Mashitti out take
care of these green shoots.

Speaker 2 (29:29):
It's amazing. So I don't know what's going on. Then
we come to the business of debt. Maybe that's where
it's all gone. Maybe we're just putting it on the
credit card. So we're heading towards a trillion dollars in debt?
Is that a bit of clickbait? I mean, is that
really a thing? Do we worry about things like that?
We'll crunch some numbers with Sharon's on or after the news, which.

Speaker 17 (29:48):
Is next, Mazie.

Speaker 1 (29:51):
The only report you need to start your day the
my casting Breakfast with Bailey's real estate altogether better across residential, commercial,
ad rural news toms.

Speaker 2 (30:01):
He'd be well seven past seven. So the Herald this
morning are running a Nation of Debt series, and the
bit that's designed to get the clicks is the part
that tells us we're nearing a trillion dollars in debt,
and you're supposed to go, oh trillion, my word. Currently
it's eight hundred and seventy billion. That importantly is across
private and public. It's everybody's debt, of course, So what
does it actually mean? Sharon Zolna is the Ains Chief
economist of Courses back with a Sharon morning, good morning.

(30:21):
What am I supposed to make of this? Are we worried?
Is the trillion dollars a thing or not?

Speaker 22 (30:27):
Well, it is a thing, but it's a nominal thing.
So yeah, you're quite right. They're just comparing nominal numbers
over time, don't It doesn't tell you a lot. You've
got to at least inflate it deflated by the price level,
or even better, consider it relative to incomes or relative
to wealth, and then you start getting some numbers that
are a bit more meaningful and less scary.

Speaker 2 (30:45):
Right, And when you do that, are we in good shape?
Reasonable shape? Shocking shape? What sort of shape are week?

Speaker 13 (30:51):
Well?

Speaker 22 (30:51):
Things have deteriorated. Over the last ten years or so.
Our total debt to GDP's gone from about one hundred
and ninety percent to two hundred and eight percent. It's
a bit under double to a bit over double. And
if you look at what's caused, that is all government debt.
So household debt had a bump with the massive housing
bubble we had, but it's actually come back. It's about

(31:12):
half the debt, and then corporate debt and government debt
each about a quarter of the total. But the big
increase has been in government debt of course.

Speaker 3 (31:21):
With the COVID.

Speaker 2 (31:22):
Here, see what I worry about if I worry about anything,
is that who borrowed it, what did they borrow it for,
and are they paying it back? So business debt I
don't worry about because I am assuming they're smart enough
to borrow some money for expansion. That's a good sign.
I look at central government, but they're not even running
a surplus on an annual basis, so I worry more
about that. Then I look at local government debt up
fifteen percent, and all I'm doing is seeing my rates

(31:43):
bill go up. So are there sort of different sorts
and levels of debt?

Speaker 22 (31:49):
Absolutely, whether a household affirm or a government. When if
you borrow money, then whether that's a good idea depends
very much on what you're spending it on. So taking
government for example, if you're buying infrastructure, it will make
your country more productive in the future. Great, If you're
fluttering away, not great. And the same goes for household concerns.

(32:09):
The trouble is, of course, with that massive and trees
and government that we don't necessarily have a lot to
show for it. Unfortunately.

Speaker 2 (32:17):
The student loan, which is at eleven point nine billion,
I also think is that going to get paid back?
I mean, that's on the books as a debt that
will be paid back, but in I mean will it
good question?

Speaker 22 (32:28):
Yeah, I think there's obviously question marks around that. The
decision to make the first year of study fees free
perhaps up the ante a little bit on that score.
You had people who were sort of untested in the
university and environment. Obviously we've had a lot of young
people gone overseas as well. So yeah, we'll wait and see.

(32:50):
But I think it's fair to say that it's probably
got a higher fault rate than the house. Indeed, I
don't imagine put it that way exactly.

Speaker 2 (32:57):
Just while I've got you RB this week twenty five, that's.

Speaker 22 (32:59):
A lock, looking like it As as much of a
lock as these things get. They gave a very strong
signal to that extent, and everyone's expecting it, so it
certainly would be a big shock if they didn't deliver.
Big question, as always is what comes next, So a
big focus on the forecast and.

Speaker 2 (33:16):
The words they use exactly good to see Sharon's on
Ain's and chief Economists ten minutes past seven, Pascal and
the best figure really, as far as I can work
out on these debt numbers, agricultural that at sixty two
billion is down one percent. So when you're making the
sort of money the average farms making at the moment,
you're certainly not borrowing. Speaking of money though, the battle
of the dueling numbers and the food space, So Stats
New Zealand you would be well aware on Friday came

(33:37):
out with a food price index up five percent and
you go, oh my god, five percent, but food stuff
go wait a minute, it's actually three point four. So
what's going on here? Chris Quinn, food Stuff's North Ireland
man is with us morning, Good morning, Mike. So what's
the magic here? Does Stats say five, you say three
point four? You're not including restaurants and takeaways? Is that right?

Speaker 23 (33:55):
It's not including restaurants and takeaways and Obviously there is
only food stuff's stores, so we've been hard to try
and limit the impact of these increases. It's mainly across dairy,
beef and land, which are our exported products that are
doing very very well on global markets, and obviously what
we're trying to do is somewhat ameliorate the effect on
our New Zealand consumers.

Speaker 2 (34:14):
You saw that, we would have seen the headlines again,
Oh my god, it's five percent. Does that frustrate you?
Given if you break it down in a moderately sensible
sort of way, it's not the end of the world.

Speaker 23 (34:25):
Look, there's no doubt this has an impact on New
Zealand household So, you know, a five percent increase year
on year. We have had a much better period. We've
been down on the twos and threes and those sort
of numbers, But for households this will be felt alongside
every other household cost. The key is it's the middle
of winter we are, you know, we have export pressure
on some products. So what we're trying to help our

(34:46):
customers with is understand where you can find value now
in this time a winter, where to go shopping and
what products to look for, so that household budgets can
be somewhat supported.

Speaker 2 (34:55):
How much up against it are you in the sense
everyone going ah, yeah, of course they'd say that this
is a super mart. We hate supermarkets. That's your problem,
isn't it. It's image?

Speaker 23 (35:04):
Look, it's you know, there are a number of people
who have that story. That's probably why we share this information.
We're just trying to say, can we just look at
the facts, and most importantly, instead of all of the rhetoric,
let's focus on where New Zealanders right now can get
the best value, which is in frozen chickens, leg gross
hokey philets, you know, and some of the winter vegetables
that you would expect on this time of year.

Speaker 2 (35:25):
If your number three point four, so it's still above inflation.
But if you strip out the stuff that we know about,
the butter and the dairy and you know, the beef
and stuff, what does it come down to? Do you
know it must be below inflation, mustn't it.

Speaker 23 (35:36):
Look we don't have a number calculated with all that
stripped out, but there's no doubt beef, lamb and butter
we're all up over thirty percent. Yeah, and you know
that's where the real impact is.

Speaker 2 (35:45):
The difficulty I suppose that. I mean, the advantage is
you can shop around this, can't you? As I think
we've probably talked about before. You don't have to buy
butter or beef or lamb. You can buy other stuff
that makes life cheaper.

Speaker 23 (35:59):
No, And you know, if you look at right now,
it's potatoes and capsicans, it's cougettes and onions, mandarins. Those
sort of things are the things where value sits at
this time a year. And probably the complexity right now
is you're not only dealing with seasons, You're dealing with
what's going on globally with the pressure on some of
those fantastic New Zealand export products. But just reflects a
reality back into New Zealand consumers.

Speaker 2 (36:20):
Do you reckon? People know that deep down, or they
don't know it, they know it but don't want to
accept it, or they just don't know it at all.
That's genuinely a surprise to them.

Speaker 23 (36:28):
Still, look, I think people would prefer not to have
to work hard to try and make the budget come together.
But you know, when the pressure is coming from all
of the utilities bills and all of the other things
that people are facing, and food as well.

Speaker 3 (36:41):
This does you know?

Speaker 23 (36:42):
Our job is to try and help our customers as
much as possible, to make sure they understand where the
value is and try and guide them through this as
best we can.

Speaker 2 (36:50):
Chris appreciated Chris Quinn out of food stuffs this morning.
By the way, I can tell you that non alcoholic
beverages that's coke four point four percent. Ups are stopped
buying its cigarettes four point eight percent, So give up.
Petrols down, diesels down, diesels down seven point two domestic
I FISA down. So not everything's gone up, which is good.
I suppose fourteen past.

Speaker 1 (37:09):
The Mike asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks, it'd be.

Speaker 2 (37:15):
Were you happy with the cancelation feed the break feed
for the fairies that came out Friday? Of course I
suspect I know why it came out Friday, but we'll
ask the Prime Minister about that, surely. When he joined
the seventeen past seven, the Rugby Championship perhaps turned out
to be a bit of a talking point, more than
we might have imagined. The All Blacks won easily, of course,
but the Australians, how about the Australians. John Hart's with us. John,
very good morning to you morning Mike. Now, as far

(37:37):
as the All Blacks were concerned, just as like I
watch as a patriot, I'm not an expert like you.
I saw it side that was winning, was always going
to win in the end, won by quite a lot,
am I. That's good enough, isn't it.

Speaker 16 (37:48):
Yeah?

Speaker 12 (37:48):
I look, I'd look back in the game and say,
look things, there's things that they can improve on, but
overall a good win. But second half had its concerns,
lack of discipline had its concerns. You wouldn't want to
be doing that against South Africa. So some learnings, but
you know, a good step forward and now they've got
another game next.

Speaker 2 (38:06):
Weekend exactly any reason to believe it won't be roughly
the same next weekend?

Speaker 12 (38:11):
Well, I think if I was Scott Robertson, I'd be
looking three weeks ahead to the Test against South Africa.
So I think this weekend is an opportunity for him
to put his team out that is as close injuries aside,
as close as possible to the team that he wants
to play against South Africa Eden Park and so I
think you will see players like Tammedy Williams and Walla

(38:31):
was the TD come back in either on the bench
or in the team, but you know, not many changes otherwise.
I think he's getting pretty close and settled to where
he wants to be.

Speaker 2 (38:40):
And as regards the Australians, where do you reckon? Joe
Schmidt puts that on a CB.

Speaker 3 (38:46):
Well, I did you know.

Speaker 12 (38:47):
We exchange a lot of texts and I did say
that would have to rank pretty highly. And I think,
you know, it's a wonderful performance. I mean, Joe Smitt
is world class coach. But to do what he's done
with Australia to turn them around from where they were
last year to what they did against the lines and
that victory, that's one for the that's one for the
record book.

Speaker 16 (39:08):
That was fantastic.

Speaker 2 (39:09):
What did it tell us is Australia Beta we all fought?
Or did South Africa have a bad day?

Speaker 12 (39:14):
A combination?

Speaker 3 (39:15):
Mike.

Speaker 12 (39:15):
I think Australia on the improve. I think he hasn't
got deaths, he hasn't got a lot of bench talent
or beyond that. But a starting team now is very
very competitive, so I think that. But I think South
Africa took them easy. I think South Africa thought they
were going to win and twenty two nil up you
probably thought you you're away laughing, and they lacked the

(39:36):
discipline that they normally have. Next week very different, i'd say,
a very different performance from South Africa and that will
be a real test producement.

Speaker 2 (39:46):
So this whole all Blacks were away to South Africa thing,
is the away things still a thing as big as
it ever was or not?

Speaker 12 (39:54):
Yeah, Look, it's not easy to win away and I
think you know that's that's I mean sixty three I
think they're saying was the last time that Australia won
and Johannesburg. It's not easy to win away and even
in you know, don't underestimate how difficult it as an Argentina.

Speaker 2 (40:11):
So next week go on A's area is another big game.

Speaker 12 (40:15):
But you know, I think the All Backs are tracking
really well and you know, I think the big test
of the year is at Eden Park in three weeks time.

Speaker 2 (40:23):
Super exciting. Good on your John, nice to catch up
John Hart, former All Backs coach. Of course. It is
seven twenty.

Speaker 1 (40:31):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio, powered
by News Talks eppy.

Speaker 2 (40:39):
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(41:44):
you may have read a report commission by Radio New
Zealand Radio New Zealand to look into why their operations
become such a dumpster fire. So it said a bunch
of stuff that was obvious, I thought, anyway, one thing
that surprised and saddened me. Though most people within that organization,
Radio was dying, audiences were bailing. This is not true.
This is not true. In fact, it's the opposite. Radio

(42:08):
is robust and comparatively speaking, thriving. So my question is,
how is it you can have a company of people
who don't understand their own industry. Where did they get
their view from? Why has no one corrected the view?
Where's management in this process? Their audience has shrunk, but
it hasn't vanished. This is the key to all of
this has gone well, it's mainly come here actually, to

(42:28):
be honest, the customer is still spending if you like,
they've just changed shops. The fact they don't know that,
I would have thought should have set off alarm bells
a long time ago, most ironically, because the place is
full of journalists who once upon a time had inquiring minds.
They asked questions, They wanted to know things. If you
have such a mind, you would have quickly discovered what

(42:49):
was actually happening, what the reality of your medium was.
How can you be a journalist and be that bewildered?
And if you are that bewildered on your own doorstep,
will toda are you about the rest of life and
the rest of the world. Also of concern was management's
response to the report. The report, by the way, basically
says the place is shot, it needs to bomb and
some genuine talent. The response suggests what Radio and New

(43:11):
Zealand management do is well. What they do quite well
is commission reports and ignore them. So the exercise as
a whole appears a bit of a waste of time.
They got told some obvious stuff they should have known,
an alarming thing about their staff that they should have
also known. But now they do know they need to
fix it. And as for the report, itself. All the

(43:32):
rest of it seems a little bit tricky for them
for me. I mean, look, they can do whatever they like.
I don't care. But what I care about is that
this industry is actually successful. Some of us are actually
having the time of our lives. Some of us know
what's going on and understand proceeding. Some of us still
ask a few questions. The future is bright and it's
there for anyone who wants it. But to want it,
you've got to be keen and you've got to be awake.

(43:53):
And that might be their biggest problem of all. Pasking Mike.
At least with the groceries, you can go to alternatives,
unlike rates, insurance, powers say. It's a very good point.
It's what I'm trying and talk about time. Everyone gets
excited about the price of food. No one likes paying
more for food than they have to. No one likes
expensive stuff. I get that, But you can shop your
way around it. You can't shop your way around insurance,
and you can't shop your way around rates. Mike, we

(44:15):
get angry at five percent on food. My elderly parents
Libanori were twenty nine percent on rates. It's outrageous. Yes,
it is outrageous. Mike. I do enjoy your program, but
you continue to speak faster and faster, your guests follow
your lead, and it becomes harder to understand. Please consider this, Katie. Unfortunately,
I'm sorry to tell you you're wrong. I'm not speaking
faster and faster because as I age, I'm getting slower
and slower, and basically I'm wearing myself out.

Speaker 8 (44:37):
Is it possible that they're listening slows.

Speaker 2 (44:39):
They're listening slides exactly what it is. So don't Katie
with your listening slower syndrome, come to me with your problem.

Speaker 8 (44:45):
Try turning yourself off and back on again.

Speaker 2 (44:47):
Yeah, yeah, reboot yourself so the fairies will deal with
There was a Supreme Court decision. The Supreme Court decision
says the river beds this is all to do with
the fortunancy. But the river beds are part of the
equation now as well. But this juxtaposes with the government,
who are going ahead with the Does this mean anything?
Are we just going to spend the rest of our

(45:08):
lives in court and legal aiden lawyers and stuff like that. Anyway?
The Prime Minister christ of luckson in the studio after
the news next you're a News Talks edy.

Speaker 1 (45:21):
New Zealand's voice of reason is Mike the Mic asking
breakfast with Vida, Retirement, Communities, Life, Your Way News Talks
head been.

Speaker 2 (45:31):
Twenty three minutes away from Andrew Self, Jason Prime and
the compentry box afterway the clock meantime for this Monday
morning to Prime Ministers with Uspring. Good morning to you,
Mike get A, Yeah, would you appear hand on heart?
Would you appear publicly at the COVID inquiry? If called yeah,
I would, Yeah, I would.

Speaker 20 (45:48):
I mean, I think I think New Zealanders have gone
through a huge amount of suffering. Those minister's former minister's
premises should show up at that inquiry. I think you
know what you saw last week with the Treasury report
saying you know we were the second large, just stim
military country on Earth. It created and made the cost
living worse, and it certainly affected our future fiscal track.
I think New Zealanders have done a huge amount of

(46:08):
pain and suffering because of the actions of the previous government.
But I'll be honest with you, I get what they're
trying to do. You know, if you're hipkins, you're trying
to politically guess like the country and say you had
nothing to do with that record. Well you did, so
I think they should show but frankly, ultimately it's their
call and I've got to now fix it. So that's
what I'm focused on.

Speaker 2 (46:24):
Grant Robinson says, it's a show trial, is it? I disagree.

Speaker 20 (46:27):
I think it's something called accountability, And I think showing
up and actually giving the justification for way you took
the actions you did that ultimately I think made the
cost of living worse. Actually I think caused huge suffering
for low and middle income New Zealanders in particular. Actually
they need to be called to account on that. But
ultimately their call.

Speaker 2 (46:43):
Who is the bigger hypocrite Doune and Robertson because they're
no longer accountable, or Hopkins and Verril, who are.

Speaker 20 (46:50):
Well, I think you know, Hipkins are Veral making a
case they want to leave the country again, and I
think it'll be a disaster, But I think they should
at least show up and actually front. But again, you
know their decision, and I just say, you know, I
get what they're trying to do. Politically. If you're Chris Sipkins,
you want to get out from under the rock, which
is your last record when you're in government, where the
economy got worse, you know, Lauren Order got worse, health

(47:11):
and education got worse.

Speaker 3 (47:12):
I get it.

Speaker 20 (47:12):
He wants to gas light and just move on from
that pass. But I think you should front.

Speaker 2 (47:17):
Do you know what they're paying Dentons or what the
taxpayer is paying Dentons in terms of legal representation?

Speaker 16 (47:22):
No idea.

Speaker 2 (47:22):
Will that come up at some point somewhere? Where does
that money come from? Is that in the leader of
the old comes out of budget.

Speaker 20 (47:27):
I think there's a long standing convention that if governments
are former ministers from previous governments sort of, I have
to go forward on any you know, and incur any
legal costs for any claims like this, it's picked up
by the taxpayer. So that's that's quite normal convention.

Speaker 2 (47:40):
Okay, speaking money for the taxpayer. The break fee on
the intro islander, is that negotiable or will it change
in any way if the company concerned happens to end
up with the tender.

Speaker 15 (47:52):
No.

Speaker 20 (47:53):
I think this is a final net what we owe
them irrespective of what comes next. It's a lot chiev
It's one hundred and forty five mints million.

Speaker 3 (48:00):
Dollars.

Speaker 20 (48:00):
It's a lot cheaper than what people were saying at
three hundred million dollars. I think Winston's saying a really
good job to negotiate a way out of that. It
sounds a bit counterintuitive to everybody because you basically had
this i REX project that was seven hundred and seventy
five million, blew out to three point two on its
way to four. We had to deal with it in
the second or third week of a new government and
get it right sized. Yes, there's some brake fees and

(48:21):
some sunk costs that you got to swallow and deal with,
but the total total investment we're going to make is
going to be a hell of a lot less than
three point two milch.

Speaker 2 (48:28):
So you're going to end up with So if you
total it at four billion and so with the brake fees,
in fact that the total fees with the infrastructure stuff
came to something like half a billion already. So between
that half a billion dollars plus whatever you buy, yeah, significantly.

Speaker 20 (48:41):
To correct, correct, and we will get a great solution
for the cook straight, very pragmatic, very practical, very for purpose.
We'll get the infrastructure at both ends sorted and actually
Winstance doing a great job. I think it's just cleaning
that up and getting that sorted.

Speaker 2 (48:55):
So Nicola Willis is in the UK. Was in the
UK she's talking to Bloomberg. Is you're telling Bloomberg more
about Winston and his movement on foreign buyers buying houses
than we've been told here in New Zealand.

Speaker 20 (49:05):
I know you have afflicted me every week on that one,
and but we are weeks away from that one, and
so I'll have more to say about that.

Speaker 2 (49:11):
When you say we're weeks away. What do you mean
by that it goes She said it's going to cabinet
in the next couple of weeks. Does she mean it's
going to cabinet in the next couple of weeks because
we've got a deal, we'll put it in cabinet, they'll
take it off and then we'll make the announcement.

Speaker 15 (49:24):
Yes.

Speaker 2 (49:25):
Correct, So the deal as of this morning is essentially done.

Speaker 20 (49:28):
Yeah, there were there were, Yeah, process working its way
through cabinet because there's actually regulation, legislation involved and overturning it.
So you've actually got to a think through the policy,
get the thinking straight, and then you've actually got to
take it to cabinet and then obviously then draft a
piece of legislation.

Speaker 2 (49:42):
Then you know when will it be done As in legislation,
cabinet go as fast as.

Speaker 20 (49:47):
We possibly can. I think it'll be one of those
things you'd want to do under under urgency and go
through it.

Speaker 2 (49:52):
Yes, absolutely, Okay, So as you sit here talking to
me this morning, there is actually an agreement between you
and Peter's.

Speaker 20 (49:57):
Yeah, we've got we've got a proposal which we take
to cabinet of see a final decisions major and that's
where it's you're taking it to cabinet today, Well, well,
we're taking we're taking in the next few weeks.

Speaker 2 (50:09):
I would have thought it was way more more urgent
than that. Well, there's a lot that goes through cabinet.

Speaker 20 (50:12):
There's a lot of things for us to discuss, but
we've got we've got the we've got a paper which
we'll then go forward from here. We then make the
final decision in cabinet.

Speaker 2 (50:21):
The electricity Authority last week and out some sort of
investigation into the industry and pricing and stuff like that.
It is claimed in part anyway, a bunch of users
wrote to you and said we're sick and tired of
just have a look at it. Is that what drove it?

Speaker 20 (50:33):
Well, I think there's everyone's frustrated with electricity, right, I
mean correct. What we're seeing is it's a big contributor
to the cost of living and inflation.

Speaker 2 (50:40):
Particularly.

Speaker 20 (50:40):
It's actually the transmission part of it that's led to
the increase in electricity. You know, everyone's got a letter
from their gen Taylor that sort of says prices are
going up. That's really the piece that's been the expensive part,
the transmission piece. Look, what we've what we've had to
do here is there's quite a few air venues to
what's happening in our energy market at the moment. I
mean the first thing was this oil and gas band reversal,

(51:03):
which we did two weeks ago, has been good. We've
got two hundred million dollars set aside so we can
get gas, which actually is necessary for us. We've also
put a strategic coal reserve together so that actually, you know,
if it's going to be driver or scare, we've actually
don't have our prices going through the roof. All of
that's just starting to calm it down a lot than
what it has been, and that actually projects forward pricing

(51:23):
quite well that people know that.

Speaker 2 (51:24):
The reason I asked the question is where were they
last year? If the people write to you and they
suddenly go, hell, we better be seen to be doing something.
Where were they last year when it was really bad? Well,
last year was really bad. I mean, well, what do
they do on the I don't know.

Speaker 20 (51:36):
I mean the wholesale electricity prices last year getting up
to I think even up to fifteen hundred dollars fifteen times.

Speaker 2 (51:42):
It doesn't one that the electricity authority go jeez, I
wonder if we might want to look at this.

Speaker 20 (51:48):
We'd have to ask them. All I can do is
I know that there's several components to the energy market
that I have to get fixed. One is I have
to have certainty of supply, so we can't have an
issue where the lights get turned off like we were
experiencing last year and people start losing their jobs. That's
about having a coal reserve. People don't like that. People
give me a lot of grief about that. But I'm sorry,
but actually low prices are much more important than sort

(52:09):
of managing emissions at this point in time.

Speaker 2 (52:11):
That is true. Having said all of that, water done well,
this is my next concern ongoing. So there are a
number of councils in the country who have been written
to by the Internal Affairs Department that the smaller councils
they've decided to go it alone. The Internal Affairs have
written and gone that doesn't look good enough to us. Yep,
what if they go it alone and it all goes
tits up?

Speaker 20 (52:30):
Well again, you know, their plans have to get signed
off by the Minister. That was part of the deal
with the legislation, so they've got to the first of
September to get their proposals together. There are some really
good examples where councils are collaborating really well and actually
putting together proper management of those assets. I think it's interesting,
Like the best example was actually all Clantier. I remember
when Wayne Brown was proposing a twenty four percent rate rise,

(52:52):
and then we put water Care into a different asset
structure and it's not sexy stuff, but a different entity
and as a result, it could borrow better for long
run ass sets. And the actually rates went up six
percent or six or seven percent or so last year,
and that freed up eight hundred million dollars from the
council's budget to spend on other infrastructure rather than worry
about three waters.

Speaker 2 (53:09):
So that structure is the right way to go. My
concern is though, that so internal revenue, internal affairs right
to them. So we don't like the look of it.
The minister will want go because of that.

Speaker 20 (53:20):
You're not allowed to be Key has powers to make
interventions to make sure that they are going to run
those assets and manage them properly and that financially they'll
be able to manage that. And if he's not assured
on both those points.

Speaker 5 (53:30):
So what they do.

Speaker 2 (53:31):
What will the council who wants to go at alone
do when the minister goes, you can't do that. Does
the minister then go you need to buddy up with councils, right,
so correct, so they tell you what to do. Yes,
So really it's Hobson's choice, isn't it. Well, there's no choice,
you know, you do.

Speaker 20 (53:47):
We want these assets managed properly. That's their problem. They
haven't been run properly. I mean you've got perverse situations
where got counsel's increasing rates for what's called operating expenditure
to pay out on capital expenditure, which is building out
pipes and stuff like that. So we're just saying, look,
we've got to professionally manage these assets. I think the
vast majority of councils are getting there. There's been some
really good examples, and it's difficult because district councils are

(54:10):
having to actually collaborate on this stuff. They're having to
collaborate on regional and city deals. That's all a good
thing because there's a lot of duplication. As you can
see today, we're going to announce the Building Code Authorities
which are there's a gazillion of them. Actually they can
merge those together as well, so the more experience they
yet actually working together as subregions of New Zealand and
doing it from the grassroots up on three Waters, on

(54:31):
regional plans, on building bcas is actually good stuff.

Speaker 2 (54:35):
You mentioned Wayne Brown who bid tax he goes doesn't
even cost you anything. Do you give them a bed
tax or do you worry about the broader picture in
this country that the more expensive you make it to
come to New Zealand or the country already worried.

Speaker 20 (54:47):
About just adding a new tax. Now is not the
time for a tax. We have to get the show
growing and growth is really where we've got to focus on. Yes,
we've got a bed tax is actually quite an interesting idea.
It's not something I'm going to look at this term.
It's not something we ca considering at all. But for
where we are in the cycle, where people are doing
it tough, another tax ain't the way forward.

Speaker 2 (55:06):
The Supreme Court and the river bed decision last week
does that in any way, shape or form change what
you're doing around foreshore?

Speaker 20 (55:12):
And see, I saw that legislation come that ruling come through.
I think on Thursday or Friday Friday. I will take
a bit of time to digest that and understand that.
As you know, on the Macha side, we've decided, after
digesting the last Supreme Court ruling on the seat on
the coastal areas, for us to go back into Parliament
and actually passed the law to make it back to
what its original intent was, which was the balance customer

(55:33):
right and also the rights of all newslanders.

Speaker 2 (55:35):
Has Amanda knowing you in your entire married life to
be as bad at dancing as.

Speaker 20 (55:39):
You were, Mate, I've got rhythm. I went to the
pepper Nui Arisa when it was school ball season in
Langdon's Road christ Church and that lady at the instructing
US told me that I had rhythm and I believe.

Speaker 2 (55:50):
That ever since you sat with the straight foot. Yeah
she did.

Speaker 20 (55:52):
I think she generally thought I haven't seen so much
rhythm in one individual for so long.

Speaker 2 (55:57):
Nice to see. I'm Christ of LUX thirteen.

Speaker 1 (56:02):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at.

Speaker 2 (56:07):
Me, Mike. Every time I hear the Prime Minister interviewed,
it reaffirms how much better informed and across the subjects
he is compared to when Hopkins was PM and obfuscating
his way through every interview and listening to him last week,
nothing much has changed. Mikey nail that Hipkins wants to
get out from under a rock. The interesting thing about
that is, and this is why I sort of mention
it periodically. The interesting thing about that is there's a

(56:28):
game going on at the moment, and the Poles would
indicate from the labour point of view, it's actually working.
And that is pretend it was nothing to do with me,
and that it's everything to do with the current government
and whatever you see in the economy as their fault
and not mine and tell me I'm wrong, given what
the Poles are saying at the moment. Boris Johnson, writing
about the meeting over the weekend was Zelensky and co. Well,

(56:48):
that was just about the most vomit inducing episode and
all the tawdry history of international diplomacy. It was emetic
to see him applauded on the red carpet. It was
nauseating to watch his gola like smirk as he became
one of the only world leaders I can think of
to be invited to ride in the back of the
presidential limo. It was positively chonderous to hear to hear

(57:10):
him given an American platform for his lies about the
causes of the war in Ukraine. As I listened to
the unctious and wearisome predictability with which he tried both
to flatter and discreetly humiliate Donald Trump, I wanted to
gag A bet you did too, And most of us
are not even Ukrainian. He's very good with the words,
isn't he nine Away.

Speaker 1 (57:29):
The Mike Hosking breakfast with al Vida, Retirement Communities News
Togstead been We'll get.

Speaker 2 (57:34):
To actually, I'll do it now, What the hell I
was going to do something else, but I'll do so.
The spending in major cities, this is eating up, This
is hospo. Year on year July twenty four to July
twenty five, increases all over the place, cafes, restaurants, caving
fast food during the whole thing largest annual increases. Hamilton's
up nine point six two percent. I mean, you know,

(57:55):
cost of living cristis, no one's out, no one can
afford anything wrong, wrong, wrong, wrong, and wrong. Hamilton up
nine point six two percent. Queenstown up eight point five
to three. If anyone was supposed to be booming, its
Queenstown up eight point five three percent. But Hamilton beats
some christ you ch up over seven percent. Wellington, even
Wellington up over five percent, Towering is up virtually six percent.

(58:15):
Donners is up five and a half. Even Auckland, the
beleagued old downtown Auckland downtown, there's nobody there. Shoot a
bullet and you hit nobody. Auckland is up three point
eight two percent. And of course, given the size of
the market, three point eight two percent of one and
a half million people's a lot of dollars. Very strong
signal that key weis are once again opening the walls.
Now here's the weird thing about that. Anecdotally, and this

(58:37):
is the way I always worry about anecdotes, is anecdotally,
I would have said that, I mean every time I
go out, which admittedly isn't that often, but certainly on
the weekends, and you go to the markets, you go
to the cafes, you go to the restaurants. Getting a
table is and has been hard yards for a very
long period of time. And so you're festooned with this
idea that everyone's miserable and the economy shot and nobody's

(58:59):
doing anything. But you look at the statistics of travel.
The statistics on travel are indisputable, undeniable. I mean, we're
on a plane every second day. We cannot get around
the world fast enough, and it costs a fortune, but
we're seemingly we've got the money and the inclination to
do it. And the other thing you do notice is
people are out and about and they're eating, and they're drinking.
They're seemingly having a good time. And at long last,

(59:20):
and this the next time the hospitality people put out
another one of their press release is saying how miserable
everything is, and they can't find anybody to work and
it's just all do it. It's bollocks. I mean, numbers
don't lie, don't they. I mean those are major, major
increases in expenditure. It's good to see. Don't get me wrong,
it's all good news speaking watch the All Blacks died, okay.

(59:40):
I mean some people think there was a bit patch
I thought was okay. I enjoyed it. We'll do the
rugby and we'll do the darts, and we'll do the
Warriors and we've got a lot to talk about it
and sport. The lads are next, the.

Speaker 1 (59:50):
Mic Houst Games in Safeful, then Gaging and vitally the
mic Hosking breakfast with Range Rover leading by example.

Speaker 3 (59:59):
News talk said, be sprung room.

Speaker 2 (01:00:04):
It's no wrong, no wrong come.

Speaker 24 (01:00:07):
It's south Bank that's pulled off one of the great comebacks.

Speaker 3 (01:00:11):
Down twenty two now a half.

Speaker 8 (01:00:13):
Time as Canterbury, who do the business.

Speaker 2 (01:00:16):
In total.

Speaker 15 (01:00:16):
Game finishes Tananaki fifty, Auckland eight thirty six points to
twenty two Hawks by break from the.

Speaker 12 (01:00:25):
Greatago one A clipper here at power of black through
the middle.

Speaker 7 (01:00:30):
Whit can I have got there?

Speaker 8 (01:00:31):
Twenty seven twenty second for you or Blacks go back
to number one in the world for the first time
since November twenty twenty one.

Speaker 7 (01:00:42):
Glorious Survive paron Auckland.

Speaker 2 (01:00:47):
Four take points to ten.

Speaker 1 (01:00:50):
The Monday Morning Commentary Box on the Mike Husking Breakfast
with Spears Finance, supporting Kiwi businesses with finance solutions for
over fifty years.

Speaker 2 (01:00:58):
Andrew Servil and joy some time with the Spellers. Good morning,
good morning. I Andrew enjoyed the Warriors sort of the
boss and he was there is in one of his
corporate boss box, you know, and I he didn't think
it was that good a time. And I thoroughly enjoyed
the game, had a bit of razzle dazzle about it,
and you know, there weren't a lot of worries the

(01:01:20):
Warriors were talking about, and it had a bit of
razzle dazzle about it. The couple of good looking, exciting
kind of tries and we won. So I mean all
and all, I'm happy. Am I easily pleased? Or is
he right? And it was miserable?

Speaker 15 (01:01:31):
No? No, no, I think I think you're right. They
had a bit of drama involved at this time of year, Mike,
and give them the pressure the Warriors have been under
a wins a win right, and they were behind in
the scoreboard for a lot of the game, scored some
good tries type finish in the end, and then the
atmosphere at that venue looks superb for the Warriors games

(01:01:53):
and the crowd chanting the winning tune afterwards. It's yeah,
it's all good to sight to behold. Really so no,
I think, you know, and at this time of year,
with a few regular season games to go, that they
become almost knockout games for a lot of teams, including
the Warriors. You know, if they keep winning, they'll they'll
finish in the top four. And given the situation they're
in with all those injuries and one or two players

(01:02:16):
possibly about to be suspended, that's a good win.

Speaker 2 (01:02:19):
I reckon. I also see Jason. I also enjoyed the
All Blacks. I mean, I know, all you guys go
around going, oh, and he didn't move that way and
he dies, just like we won. We won, well, we
were never going to lose. It's just like, you know,
just enjoy it. Why can't we just enjoy it?

Speaker 7 (01:02:34):
I enjoyed it. I enjoyed it.

Speaker 21 (01:02:35):
You're right, there's you know, there's a there's a certain
degree of cover analysis, over analysis. Certainly a lot of
over analysis on my show yesterday talking about the first
twenty minutes of the second half, and I think that's
where you land and we're looking for what improvements.

Speaker 7 (01:02:51):
But by that stage I thought the first half was great.
Thirty one ten up.

Speaker 15 (01:02:56):
I thought, if we do with the all blacks, isn't
it we analyze it, you know, over and sometimes sometimes
they're on a hiding to nothing. Look, look the problem
I think they're facing at the moment. It's a bit
like whack a mole. They seem to be improving each
from game to a game in certain areas, but then
going backwards and others. I thought it was a great
start in a great finish, but the middle patches when
the bench came on initially because in the end of

(01:03:18):
bench won them the game, really, but initially they lost
a bit of their shape. Look, they're trying to play
at Pacemarke and clearly they're still a little bit out
of synk. Let's not forget most of those players hadn't
played forty for four or five weeks. But in a
test match against a big, bruising pack, Lake France Lake, Argentina.
Maybe they just need to shelve a lot of that

(01:03:39):
quick hand stuff and play percentage for what do you reckon?

Speaker 2 (01:03:43):
Jason? What happened with body? At the end he just
lovely kicks and then towards the end he sort of
missed a couple and I'm thinking, is he gone what
happens there? Is he thinking? Oh, We've got this in
the bag anyway, so I won't turn it in like
normally do or you know what I mean, It's like,
what's happening?

Speaker 11 (01:03:55):
Man?

Speaker 21 (01:03:56):
Yeah, I doubt that's happened. I think, you know, he
probably addresses every kickers though.

Speaker 7 (01:04:00):
It's it's it's important that it goes over.

Speaker 21 (01:04:03):
I thought he had a really good game boat Embarra
to see there's been some criticism about him as well,
but I think he's clearly at the number one five.

Speaker 7 (01:04:11):
Yeah.

Speaker 2 (01:04:12):
It's it's like us analyzing the six fifteen to six
twenty bit of my show.

Speaker 15 (01:04:17):
This morning, and I'm you know, it's like we need
to be analyzed.

Speaker 2 (01:04:21):
It's over, you know, is that overall?

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

Speaker 15 (01:04:25):
You did. It's six fifteen to six thirty a little
bit of a dead patch, whereas eighteen to eight twenty
two goes through the roofs.

Speaker 2 (01:04:32):
Well you know how it is? I mean not in
not every sigment can be got. Did the Hosk entertain you? Yes?

Speaker 12 (01:04:37):
He did.

Speaker 2 (01:04:37):
I mean that's all it counts, isn't it?

Speaker 7 (01:04:40):
The biggest story is Alice Park, isn't it?

Speaker 15 (01:04:42):
What happened?

Speaker 16 (01:04:43):
Man?

Speaker 7 (01:04:43):
Absolutely incredible?

Speaker 16 (01:04:46):
That was staggering.

Speaker 21 (01:04:47):
Ye twenty two, niller head. South African fans are thinking
this is a sixty pointer. Australian fans are going, man,
what's going on? I'll probably have to go to bed.
Thirty eight unanswered points they haven't won? There is that
a record?

Speaker 7 (01:05:00):
Kay was alive?

Speaker 2 (01:05:00):
Does anyone checked?

Speaker 5 (01:05:01):
That?

Speaker 2 (01:05:02):
Is thirty eight unanswered a record?

Speaker 15 (01:05:04):
And tis that's that's got to be. I'd imagine the
most points South Africa's ever conceded at Alice Part.

Speaker 2 (01:05:10):
Yeah, I'm pretty close now. From my point of view,
I didn't see it. I only saw the highlights, right,
But the highlights I saw was the Australians running rampant.
So it wasn't like tough frontline stuff scraping over the
long times.

Speaker 16 (01:05:25):
You're right there.

Speaker 15 (01:05:26):
At times it looked like a big game of sevens.

Speaker 2 (01:05:28):
Yeah.

Speaker 15 (01:05:28):
The Australians were holding the ball and waiting for it
to see what the defensive line was doing. Then bang,
they were off a little bit like sevens. I think
also the South Africans looked tired through major stretches of
that game. They looked old and they looked tired. Hopefully
they look old and looked tired when they come here.

Speaker 21 (01:05:47):
Australia have got so many wheels on the backs, haven't
they that? Max Jorgenson is so quick, Tom Writ's a
brilliant player. Dylan Peach, They're a good team. Joseph Thor
you know, I just I'd need to see more. It's
one game and it may be that in Cape Town
next weekend at the Universe writes.

Speaker 2 (01:06:02):
Its, well they'll come back way'te?

Speaker 7 (01:06:03):
What performance?

Speaker 2 (01:06:04):
Yeah, I've got a key question actually to ask you
after the break Andrews Level Jason Pine.

Speaker 1 (01:06:08):
Thirteen Past the Mike Hosking Breakfast Full Show podcast on iHeartRadio,
how It By News.

Speaker 2 (01:06:15):
Talksippi News Talks sixteen past eight.

Speaker 1 (01:06:19):
The Monday Morning commentary barks on the Mike Hosking Breakfast
with Spears Finance, supporting Kiwi businesses with finance solutions for
over fifty.

Speaker 2 (01:06:27):
Years, same question to both of you. Jason, you first,
has your out of Australia South Africa? Has your view
of Australia changed notably? And has your view of South
Africa change notably?

Speaker 15 (01:06:36):
Or not? No?

Speaker 7 (01:06:38):
No, not after one game it hasn't.

Speaker 21 (01:06:40):
I think all the points that we make about how
good Australia were and how tired South Africa looked stand
but only for that eighty minutes.

Speaker 7 (01:06:47):
You need to pick a sample site for me.

Speaker 21 (01:06:49):
I feel as I need to see what happens in
Cape Town, and I need to see how Australia shape
up when they come here to take us on and
South Africa the saying so, no, I don't think it
hasn't materially change.

Speaker 15 (01:07:00):
I think yeah, I think South Africa will bounce back. Mike, However,
I think Australia's stocks have risen. Let's not forget they
played a massive series against the Lions just a few
weeks ago, finished it just a few weeks ago. Then
they bounced back after a bit of a breather and
win at Alice Park of all places, and stick thirty
eight points in the spring box. Joe Schmidt's influenced the

(01:07:21):
key we coach on this team can't be underest Unfortunately,
it looks like he's finishing with the Wallabies, but won't
come back here and do a job immediately. Although in
saying that, given the current executive events that are is
going out the back door or leaving over the next
several months, then maybe Joe Schmitz, well he needs to

(01:07:44):
do something here, doesn't he Well, you can't lose that
sort of that sort of.

Speaker 2 (01:07:47):
Talent and ip no, no, no, no, I know, but
the big jobs taken, that's right, Well.

Speaker 15 (01:07:53):
He could he could be not necessarily with the All Blacks.
I'm talking about other teams, super rugby teams.

Speaker 2 (01:07:59):
You once you've coached the national Siders coaching you know Canterbury,
I mean obviously coaching.

Speaker 15 (01:08:05):
Coaching, and that could be at any level.

Speaker 2 (01:08:08):
Okay, Now my problem is I get that the size
that it's like snooker, the size of the sports problematic.
But as five and a half thousand people turning up
to the darts to success in a place that holds
fifteen thousand.

Speaker 21 (01:08:25):
I don't know whether they I don't know where they
do they have fifteen thousand seats, that's a spark.

Speaker 2 (01:08:29):
Spark arena can hold fifteen thousand. But I mean what
I'm saying is that they're spreaking five and a half
thousands being a big deal.

Speaker 15 (01:08:35):
I'm just thinking that it's a different configuration for the darts.

Speaker 2 (01:08:37):
You know, well I know that, But I mean, if
you can sell ten thousand, you can figure it for
ten thousand. Would you wipe there's five and a half
thousand feet good atmosphere?

Speaker 15 (01:08:44):
Well you've got to realize, Mica, is that they take
a lot of seats out to put bars in.

Speaker 2 (01:08:52):
What are you watching? I mean, I've never been to
the darts, but are you watching a TV screen? Or
is that the problem with the crowd size? You've got
to be close enough to actually see the board itself.

Speaker 7 (01:09:02):
Big screens on both sides.

Speaker 21 (01:09:04):
So yeah, I mean, only only the people quite near
the front can actually see the dart board itself, a
mess of screens. But you're there for the atmosphere, aren't you.
You're there to dress well exactly, But that's what that's.

Speaker 2 (01:09:14):
What I'm saying. So why isn't it fifteen thousand?

Speaker 11 (01:09:16):
Why?

Speaker 2 (01:09:16):
I mean, if all it is is about getting pested,
why isn't it fifteen thousand?

Speaker 15 (01:09:22):
Because not everybody's like you just go to somewhere to
get boost.

Speaker 2 (01:09:26):
Who doesn't want to dress up and get boost?

Speaker 15 (01:09:30):
You to do it at home on the You do
it at home on the couch. You NRL. We can
some people go out, some people don't.

Speaker 2 (01:09:36):
I'm just trying to work out.

Speaker 15 (01:09:37):
But I think Luke Littler is a bigger traction and
he won it, so you can't say, you know one, I.

Speaker 2 (01:09:42):
Didn't realize there's the other Luke who's actually the number
one in the world. What's happening to Littler? There's the
other guy? Is he better than Littler? And Little's just
because he's a bit large and funny. He's sort of
the star of the show boy.

Speaker 15 (01:09:56):
Yeah that's right. Yeah Younger, how much young burst onto
the scene?

Speaker 5 (01:10:00):
Yeah?

Speaker 7 (01:10:00):
Incredible?

Speaker 21 (01:10:01):
Hey, can I just mention Chris Wood like a couple
of goals this morning? Ninety one in the Premier League.

Speaker 2 (01:10:06):
Now that's amazing.

Speaker 21 (01:10:08):
Yeah, he's gonna he's going to hit one hundred goals.
Only thirty three guys have ever done that Premier League history.
He keeps on keeping on, who always comes back for
New Zealand. So we'll see him next month playing Australia.

Speaker 2 (01:10:18):
I hear dresser Greg, who's expert on the EPL, said,
somebody spent huge over the off season. Who was it?
Was it City or United or all of them?

Speaker 15 (01:10:25):
Or Chelsea was Forest? Wasn't it?

Speaker 16 (01:10:27):
Was it Forest?

Speaker 21 (01:10:28):
It's been a bit, but United have really spent a lot.
They've spent a lot, and they lost one or the
Arsenal at home this morning, so I'm safe.

Speaker 15 (01:10:35):
I'm not what team? What team does Greg support?

Speaker 2 (01:10:38):
I knew you'd ask that, and I normally fade out
at that particular point in time. I want to say Arsenal. No,
it's definitely Arsenal, Arsenal, It's definitely out. Are they any good?

Speaker 8 (01:10:48):
The guns?

Speaker 2 (01:10:48):
Are they any good?

Speaker 7 (01:10:49):
You'll be a happy He'll be a happy hairdresser today.

Speaker 2 (01:10:52):
Okay, Well, every every day, have you watched good news?

Speaker 15 (01:10:55):
I've got some good news for you.

Speaker 2 (01:10:56):
Pees L Yeah. Ready set three games?

Speaker 15 (01:11:00):
Three games every Monday, all on TV and no way
so you're running the playoffs included in that and the
super Bowl, and there's more good news to come as
a season progressive. So three games every Monday, I think
like five eight midday. You listening to me, I am
listening to you. Yes, yes, yes, and how much is

(01:11:21):
how much is it going to cost you?

Speaker 2 (01:11:22):
Nothing?

Speaker 15 (01:11:23):
It's free to wear, it's free to be, It's free
on TV and Z plus. That will appeal to your
left leaning side getting something for free.

Speaker 2 (01:11:30):
I'm into it. I just want to know whether it's
the same three games.

Speaker 15 (01:11:34):
If you give Jason and I the code to the
gate at Southward, we will come round for the will
come round on the first weekend and join.

Speaker 2 (01:11:42):
In whatever press up. I just here and dress up
and have some beers and we'll just we'll dance. Either
of you better at dancing than the Prime Minister.

Speaker 15 (01:11:52):
We'll get Kadie to video and then then we'll become
a viral hit.

Speaker 2 (01:11:55):
There we go. Can either of you dance better than
the Prime Minister?

Speaker 20 (01:11:58):
I've got rhythm, but not no, And.

Speaker 7 (01:12:01):
That's why you don't try. That's why you don't try.

Speaker 2 (01:12:03):
True, you're very quiet, sav Are you beckoning yourself as
a dancer?

Speaker 15 (01:12:09):
I was just leading Jason and hevisgo. I've always becked myself.
I've got a fair amount of rhythm. Do I hear
the drums beat and I go into a little bit
of a going too my zone?

Speaker 12 (01:12:20):
Yeah?

Speaker 2 (01:12:20):
No, I'd bet myself good on you mate. Nice to
see you guys. Hard Knocks. By the way, if you
haven't seen Hard Knocks, it's got the Buffalo Bills and
I watched episode one over the weekend. Fantastic, absolutely brilliant inside.
But nice to see you guys. Andrew Sebill and Jason
Pine eight twenty two.

Speaker 3 (01:12:36):
The Mike Hosking Breakfast with rainthrow Burn use togs DEADV.

Speaker 2 (01:12:40):
Whether it's a logistics firm, you know, monitoring deliveries in
real time, or a tech startup demanding seamless connectivity. Kiwi
businesses depending on strong reliable networks. Of course, we got
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(01:13:03):
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(01:13:24):
slash business. Not hard to remembers at two degrees dot
enz Ford slash business. T's and c's apply asking a
question for you. So Air Canada go on strike, ten
thousand near Canada flight attendants there on strike as I
over the weekend, and then they were returned, ordered to

(01:13:44):
return to work by the Industrial Relations Board and in
the Jobs Minister somebody called Patty. So in order to
secure industrial peace and protect the interests of Canada, Canadians
and the economy, so they used section one oh seven
of the Canadian Union of Public Employers. All good for fantastic.
My question is, how is it that you allow people
to go on strike. This is the national carrier, this

(01:14:06):
is the flag carrier of Canada. It's like in New
Zealand going on striking. There are no ere New Zealand
plans taking off and us allowing that to somehow happen.
It doesn't happen for fairly obvious reasons. How I mean,
maybe it's Canada. Maybe that's the sort of weird stuff
they do in Canada. But what's the point of threatening
to go on strike then going on strike if each
and every time obviously the government is going to go, well,

(01:14:26):
it's Section one er seven, get back to work. What
a waste of time? And what did that achieve? For
goodness sake? Obviously there are certain people who can't go
on strike, aren't allowed to go and strike, and that
should be one of them. But anyway, it seems resolved now,
Steve Price. Across the Tasman those two poles I gave
you earlier on this morning, can elbow get even more popular?
There are incredible numbers, Steve Price. With that in other

(01:14:46):
matters after the news, which is next to view's talks would.

Speaker 1 (01:14:49):
Be news opinion and everything in between, the mic hosting
break best with Bailey's real estate altogether better across residential,
commercial and rural news togsad be.

Speaker 2 (01:15:01):
Would you want to be the head of the top
party even if you hadn't thought about it before as
one of those jobs because they're advertising the Opportunities party.
This was that you go back to Gareth Morgan, Jeff Simmons,
you go who And that was part of the problem,
of course, because when Jeff became the leader, Raf Mangi
last time, very well known name in christ jurtch Raff.
But they didn't do anything. They've never really done anything,

(01:15:22):
even under Gareth Morgan. The problem was always their tax policy,
which no one could explain properly, and when they started
explaining it, you sort of lost the will to live. Anyway,
they if you am not up on the side of
the story. They're looking for a leader. A political party
is looking for a leader and they're advertising the job
currently on seekh whereas I don't know. Is that desperate?

(01:15:45):
Is it clever? But here's the other thing. Do you
know who they have campaign managers? Guess who their campaign
manager is, Ian Lee's Galloway, Remember that name, Ian Le's
Ian I didn't read the report in time Lee's Galloway.
He's now turned up at top. Do you move from
labor to top? Does that surprise you? Do you move
from a labour party to the top? Party's top seen

(01:16:05):
the left or center right?

Speaker 8 (01:16:06):
Anyway depends on the leader they select. I suppose is
this not your big chance?

Speaker 2 (01:16:12):
It's funny you should say that, Cleann.

Speaker 8 (01:16:14):
Are you taking their calls? Is that why they've had
to go to seek.

Speaker 13 (01:16:19):
Twenty two to nine International correspondence with ends an eye insurance,
peace of mind for New Zealand business see bright.

Speaker 2 (01:16:27):
With us in Australia. Very good morning to you.

Speaker 3 (01:16:29):
Hello there these poles.

Speaker 2 (01:16:31):
I was pondering the idea the main pole this morning.
That shows that Elbow's even more popular, and he'd win
more seats of an election were held today. Do you
reckon it's the zeitgeist? In other words, he wins an
election anyone at well, no question about that. But people
then see him in a different light. They go, actually,
that guy, I reckon, he's really cool, and he becomes
almost biosmosis more popular.

Speaker 16 (01:16:52):
Well, I'm probably the wrong person to ask, because I
don't think he's very cool at all. In a fact,
I think he's probably in my lifetime go down as
one of the two or three prime ministers we've ever had.
His leadership is non existent. He seems to be more
interested in coosing up to China than keeping our relationship
with the Americans on solid ground. He's now recognizing Palestine, obviously,

(01:17:14):
But I'm much older than probably the people who are
being pulled by Newspall. It shows that he's back to
where he was pre voice and remember the voice. I mean,
you can never forget that. I when he went around
to the country saying the first thing he stood up
on the first night that he got elected the first
time and said, the first thing we will do is
implement the Uluru Statement from the heart and full. And

(01:17:36):
he then decided to have a voice referendum, which then
obviously fell over and it was a waste of political
probably good will by the Prime minister. And it appears
he's made some miraculous recovery. But we will have to
wait and see, because I think one of the big
tests is going to come to One does he get
that meeting with Donald Trump when he goes to the

(01:17:57):
UN in New York to say I want to close
up Palestine? And Two what comes out of this three
day Roundtable economic meeting which is about to start in
Canberra tomorrow and we'll run across Tuesday, Wednesday and Thursday.

Speaker 2 (01:18:10):
Two part question is what's happening at the roundtable? Preordained?
Two is anything actually going to happen?

Speaker 16 (01:18:20):
The answer is yes and no, there's no doubt it's preordained.
Treasury is sat down, you know, with the finance ministers
in the government, Jim Chalmers and Katie Gallagher and the
rest of them, and they probably worked out exactly what
they're going to do. Most people believe that there will
be some sort of I mean, Anthony Abanez's thing of
him came out and said, you know, we've got no

(01:18:41):
plans to increase taxes beyond what we promised during the
election campaign. Well they promised you in the election campaign
that they're going to double the tax on anyone who's
got a super fun worth more than three million dollars.
So that will happen, but there will be some adjustments
to other parts of the tax scales. There's no doubt
about that. Seem very keen on something I mentioned to

(01:19:02):
you last week, Miche, and that is taxing people who
drive electric vehicles on our roads, which is growing in
numbers because they pay no petrol duty at the moment.
So those two things will come out of it. Interestingly,
the Australian reporting this morning that only one senior resources
executive that's from Woodside Petroleum has been invited, and yet

(01:19:23):
we have the Australian Conservation Foundation and various other lobby
groups from the green groups who are invited, including people
who have shut down woodside projects in Wa. So it's
going to be a frosty little room I would reckon, and.

Speaker 2 (01:19:39):
I would imagine any number of union members have been welcomed.

Speaker 16 (01:19:44):
Yeah, the ACTU boss Sally McManus should be there, and
there's a number of other leading union bosses as well. Obviously,
she put on the agenda last week that she'd like
to see Australian workers work four days a week, not five,
for the same money they currently earn. So god knows
how that's going to go down when she puts that
on the table and stands up to speak about it.
It will be fascinating to see what happens. But I

(01:20:06):
think it will be largely symbolic the news.

Speaker 2 (01:20:10):
In the airport, I think, and I am literally making
this up for some reason. I've no idea why in
New Zealand I think is going in there. So are
they alone as no one else signed up to this.

Speaker 16 (01:20:22):
Well in New Zealand has signed a letter of in
Kent as has Quantas and Singapore Airlines. No other airline
has even done that. This thing opens in a year.
It's being built for the cost of five point three billion.
Now in New Zealand's boss of short haul flights, a
woman called Lucy Hall, is quoted in an article at

(01:20:44):
the Weekend which reveals it there's no one, unbelievably, no
one has actually put their name on a bit of
paper and want to fly there. She says, given the
number of New Zealanders, particularly Mary's, and also the number
of Pacific Islanders living Western Sydney, she thinks it's a
good idea and so that would be short all flights

(01:21:05):
out of Wellington, Auckland christ Church into that airport would
make it more sensible for people visiting relatives in Western Sydney.
But I mean, I'll ask you a question. If you're
flying internationally and you decide you want to come to Australia,
and you tick a box and you end up flying
into the New Sydney International Airport fifty kilometers from the CBCH,

(01:21:26):
I're going to say, as opposed to eight at Kingsford
Smith Airport. It's a bit like if you make the
mistake flying at Japan and you go to Narrita instead
are going to Hanada. I mean, why would you want
to land out there. There's no transport infrastructure built into
this project, and so you're going to be in an uber.

Speaker 2 (01:21:46):
It's like Gatwork and Heathrow. I suppose at the end
of the day, isn't it. But I mean, having said that,
how many people you reckon like Auckland to Sydney. How
many people go, Oh, I wonder which airport I'm landing at?
You wouldn't would you just assume you land and suddenly
you're stuck out there and drink because I stay at
the Park Height in Sydney, of.

Speaker 16 (01:22:03):
Course you do. What would I think it would be anywhere?

Speaker 2 (01:22:08):
What what's the cab fare from the new airport to
the Park Height down at the Rocks?

Speaker 16 (01:22:14):
Probably a matter as much as the dollars a night
room that you're living.

Speaker 2 (01:22:19):
Ye okay, and that's open when literally next year or
we don't know.

Speaker 15 (01:22:23):
Ye.

Speaker 16 (01:22:24):
Well, this price at the weekend was pinned because it's
a one year anovers until it actually opens. It's going
to be very interesting to see what happens.

Speaker 2 (01:22:32):
Right see Wednesday appreciated seatprice out of Australia. Australia Banaber
two signed a deal over the weekend two three undred
and twenty eight million dollars economic tized ten year deal
strengthening security is quite a bit going on, and you'll
know how Prime. It's not that it got much coverage.
You was up in P and G a week or
so back. That was what they would loosely call soft diplomacy,
of course, because we got the ongoing problems with the Cooks.

(01:22:53):
But Australia signed with Banova two three hundred and twenty
eight million over a ten year deal. It's called the
Knackamal Agreement. Took months of negotiations, transforms Australia's relationship with
the Pacific Islands. Apparently we are family. Officially signed in September,
so a lot of interest in that particular part of
the world for fairly obvious reasons. At the moment eight

(01:23:15):
forty five.

Speaker 1 (01:23:17):
The like Asking Breakfast Full Show podcast on iHeartRadio, Howard
By News talks.

Speaker 2 (01:23:22):
At b Ah Mike. I wonder if the difference between
Luxon and Elbows simply comes down to the media support
lack thereof. You can only imagine the ABC gashing over elbows,
progressive policies, et cetera. Yes and no. I mean there's
no question that labor government and in this country got
an easier run under the media. And there's no question
that you know, but at the end of the day,
you'd like to think that people can make up their

(01:23:44):
own mind no matter what the media is saying, runs
on the board and facts and all that sort of stuff.
But you might have a point. I note, interestingly I
read over the way there's quite a lot of stuff
around at the moment about travel, and people are not
going to America the way they used to. There's a
material drop off. Interestingly enough, a lot of Canadians, perhaps
not surprisingly, are not going to America anymore, but the

(01:24:06):
Mexicans are. There's a huge increase of Mexicans going to
America for holidays, whereas it's so they've sort of counterbalanced
each other. But Asia seems to be a real issue.
And I don't even know if the Americans know, will
care about any of this. But Japan, China and Vietnam
are very hot for Australians right now in terms of
the States that they don't want to go to the
States anymore. It's too problematic, they worry, probably not realistically.

(01:24:30):
I mean, what's the chance of you turning up a
lax and somebody from Ice comes and goes and throws
you in a room and you're not seen for several weeks.
I mean the chance of that happens about zero. But nevertheless,
it's the vibe, isn't it anyway? So we're off to Japan, China,
and Vietnam. Indonesia is the other one, huge growth one
point seven million Australians most popular obaseas destination these days
Indonesia read bali basically and five percent. This was the

(01:24:54):
other interesting thing that said a five to ten percent
shift in currency doesn't really change people's intentions, which I
found moderately surprising, because five to ten percent is a lot.
If you're dealing with you think about transferring your New
Zealand dollar to forty four p. I mean, it's pathetic

(01:25:14):
or fifty five or fifty six US literally harving your
money to go to America. Why would you bother? And
the yen at the moment it won't be quite the
same for US, but the yen for Australians at the
moment is dollar for yen. In other words, it's like
it's parity, and it hasn't reached parity since twenty fourteen.
And traditionally, of course, Japan's been seen as a fairly

(01:25:34):
expensive sort of country, and that's partially because of the end,
but also because Japan is an expensive country, but all
of a sudden dollar for dollar, and it hasn't been
that way since twenty fourteen. You're off and running, aren't you.
So there's agin It's all.

Speaker 8 (01:25:46):
Relative, isn't it? Like it depends on what you're buying
when you're on holiday. I mean some of us are
just buying a bear, So yeah, if the bear is
five percent more expensive, big deal. Some of us, on
the other hand, by the King's Shoes, I mentioned that
the margin is a little bit more significant.

Speaker 2 (01:26:02):
Thanks for that. Nine minutes away from nine.

Speaker 3 (01:26:06):
The make Asking Breakfast with Bailey's real Estate news dogs.

Speaker 2 (01:26:09):
There'd be like the Labour Party's union minions appear to
be coordinating and ramping up directions against the government and
widest citizenry. Yeah, I saw some of them. They're off
to the United Nations the other day. There's the Maryland
wearing thing where they wander around the country. The people
what are they calling it? The People Select Committee? Another
group of them, the pay equity thing. They're wandering after

(01:26:30):
the UN. What is it you think that the UN
are going to do? Honestly, when you look at the
United Nations. Say whatever you want about the United Nations.
I'm know a particular fan of the United Nations. It's
a pointless exercise. I mean it was back back in
the forties whenever it was it was like, yeah, fair enough,
I get it, I understand it. But it's proved over
the decades to be little short of a complete waste

(01:26:51):
of time. As long as you've got the permanent members
of the Security councilor one one veto vote, nothing gets done.
So what do you think that going to the United
Nations in New York with your pay equity claim from
New Zealand is some What are they going to do
apart from nothing? What was the other thing that's happening.
There's five unions taking the government to court over pay
equity as well. What's going to happen without nothing? How

(01:27:14):
much money? If you're a member of the union and
you pay your subs to the unions each year and
the next thing you know, they're hiring yet more lawyers
to go to a court to achieve nothing. Are you
happy with that? Is that what you wanted your subs
to go for? Is that something that you're thinking to yourself, Oh,
thank goodness, I gave the union that money. Weirdest business

(01:27:36):
five minutes away from nine.

Speaker 3 (01:27:37):
Trending now with chemist wareuse savings every day.

Speaker 2 (01:27:42):
Right now, I'm being told Superman's going viral. So before
it hits streaming, it's been at the movies. This is
DC Studios. They put out this speech onto social media
this morning. Now, if you've seen the movie, you'll know
what the speech is. But nevertheless, there are thirty five
million people out there who have clicked on this this morning,
and so it's it's viral.

Speaker 13 (01:28:03):
Now.

Speaker 2 (01:28:05):
James Gunn, who's James Gunn? See the director, right, So
James Gunn tweets about the fact that Superman was an
alien who has showed kindness. So that was thought that
that was a political statement. So the speech and the
fact that was even in the movie drew praise and
criticism from both sides of the divide.

Speaker 3 (01:28:25):
Alien.

Speaker 24 (01:28:28):
That is where you've always been wrong about me. What
I'm as human as anyone.

Speaker 13 (01:28:33):
I love.

Speaker 24 (01:28:34):
I get scared. I wake up every morning and despite
not knowing what to do, I put one foot in
front of the other and I try to make the
best choices I can. I screw up all the time,
but that is being human and that's my greatest strength
and someday I hope for the sake of the world, Zeta.

Speaker 2 (01:29:00):
That was shocking is that in them mooviy.

Speaker 8 (01:29:04):
I disappointed that the dog wasn't in there anywhere, because
I seem to love the dog.

Speaker 2 (01:29:07):
You've seen Conclave? Yeah, were you shocked at the end?

Speaker 15 (01:29:12):
No?

Speaker 2 (01:29:13):
Was it the stupidest ending in it?

Speaker 8 (01:29:15):
Well, it was quite a stupid movie.

Speaker 2 (01:29:17):
Yeah, but what was it made even more stupid by
the stupid ending. I don't know where I've been. I
got to the end of that. We watched it because
it was raining anyway, it was this. No, I'm just saying,
if you haven't seen it, I don't know why that
ending hasn't been like headlines around the world is the
stupidest thing. It was already a bad movie with a

(01:29:40):
very good cast. I thought, good cast, beautifully shot because
of eatic and all that systuff. You just I mean, God, Anyway,
back tomorrow, Happy Days.

Speaker 1 (01:29:52):
For more from the Mi Casking Breakfast, listen live to
news talks. It'd be from six am week days, or
follow the podcast on I Radio.

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