Full Show Podcast: 18 December 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
No fluff, just facts and fierce debate. Heather Duplicy Allen
on the Mike Hosking Breakfast with a Vida, Retirement, Communities,
Life Your Way, News, togsad.

Speaker 2 (00:10):
Bad morning, and welcome to the show. Coming out today.
We might have some good economic news coming our way
later on with the GDP number for Q three. We'll
get you across that with A and z's Sharon Zolner,
Jeff mcskimmings, the incentenced. His replacements been announced. New Deputy
Police Commissioner Mike Pannett's on the show, The Brook van
veldet on Canning. Finally the Silly Road Cone tip Line

(00:31):
and much new Walters of six sixty is in for
a song and a chat.

Speaker 1 (00:34):
Heather dup for Cy Allen.

Speaker 2 (00:36):
Well, surely to goodness, the judge throwing out that election
result in Auckland has started the clock ticking on postal
voting and council elections. I mean, this case may not
seem like a big deal, given that it involves just
seventy nine votes in just one subdivision in just one
relatively small local board election in Auckland. But the seventy
nine may be just the tip of the Iceberg. I
mean it may actually be that hundreds of ballot papers

(00:57):
and that subdivision was stolen from letterboxes, filled in and
then passed off as legit votes. Now Ken Turner from
the White Tarkety's other side of the city is also
considering legal options because he reckons something funny happened with
about two hundred and twelve votes in his election as well.
None of this surprises me because years ago, when friends
of mine were still flatting, as happens, mail turned up

(01:19):
for previous tenants. Some of that mate quite a lot
of that mail, Like we're talking close to about ten
to twelve pieces of that male were voting papers from
previous tenants. So my friends did what flatties do. They
filled the papers and sent them all back in as
legitimate votes. No one ever got in trouble for it.
We all know that the male voting system is ripe
for being gamed, but perhaps in our naivety, we hadn't

(01:40):
imagined it would go from a bunch of silly flatties
to what seems like it may have been an orchestrated
rigging of an election. At worst, postal voting should absolutely
one hundred percent go the way of the horse in
the cart. It is not the only reason so many
of us can't be bothered with council elections, but it
is a significant part of it. Be honest about it.
You get the mail, you pop it on the counter,

(02:00):
you forget about it, you find it after election day
as well passed, or you see it then then you
find it too hard to remember where to find a postbox.
Not only does it make it harder to vote, but
it also makes it we now now find out harder
to trust the election outcome.

Speaker 1 (02:16):
News of the world in ninety seconds.

Speaker 2 (02:19):
Over in the UK, the five day resident doctor strike
is underway and the Tories have got their target to blame.
Of course, he's not going to band doctor strikes. He
doesn't have the bullbles. We all know who's running their
party and it's not him. The trade unions didn't just
buy him for Christmas, they bought him for life. Starmer
is treating water on this.

Speaker 3 (02:39):
Let me be clear about the stripes. They're dangerous and
utterly irresponsible. And my massive for resident doctors is don't
abandon patients. Work with us to improve conditions and rebuild
the NHS.

Speaker 2 (02:52):
Now on BONDI the first of the funerals was yesterday.
Rabbi Eli Schlanger was remembered.

Speaker 4 (02:57):
To his colleagues and friends.

Speaker 5 (02:59):
He was one of the another rabbi.

Speaker 6 (03:01):
He was a force.

Speaker 7 (03:04):
Each one of us here will honor Ellie by also
being so much more more Jewish, more proud, more loving.

Speaker 2 (03:13):
Now, in the wake of that, the measure is going
to go after hate speech, with protesters who chan't globalize
the into fada to now be arrested.

Speaker 6 (03:21):
What we're talking about today is going further. We're going
to make more arrests on some of the contentious phrases.
I think success for society is a society that's completely
hostile to antisemitism.

Speaker 2 (03:33):
In the US, the Trump administration leaders are defending Susie
Wild's over that Vanity Fair piece where she criticized a
number of the higher ups, including JD. Vance.

Speaker 8 (03:41):
Sometimes I am a conspiracy theorist, but I only believe
in the conspiracy theories that are true. And by the way,
Susie and I have joked in private and in public
about that for a long time. I hope that the
lesson is we should be giving fewer interviews to mainstream
media outlets.

Speaker 2 (03:55):
The writer Chris Whipple has defended the piece. He reckons
that there were eleven interviews throughout the year and all
of them were recalled. Now the sons of Imran Khan
have described the conditions he is facing in prison.

Speaker 9 (04:05):
Then put on death row, have been put in these
small cells before, with barely any lights. Sometimes the electricity
has been cut off in the dirty water, as Carson
was saying, and just completely substandard conditions.

Speaker 2 (04:21):
Now, finally, gen Z and TikTok have found the new
name for a woman who wants to see the manager. Now,
since the early tens, of course, that woman has been Karen.
This as if you're obnoxious or self absorbed, especially in
the retail sector. The new name for Karen's is Jessica.
So next time someone's being a bit of a stickler,
you can stop saying stop being a Karen, and you

(04:41):
can start saying stop being such a Jessica. And that
is news of the world. In ninety seconds, I'll tell
you what. There are millions of these people around the world.
Premium users of pornharb are going to be feeling a
little bit stressed out. Today the site has been hacked
by a gang. The gang have reportedly accessed more than
two hundred million data recordscludes premium members' email addresses, what

(05:02):
they've been searching, what they've been looking at, where they live.
And this group is extorting Pornhub and demanding a payment
in bitcoin. And if they don't get paid in bitcoin,
they are going to publish the data and maybe even
delete some data. And you can imagine that that would
be pretty stressful to some people. So watch this as
it develops. Twelve past six.

Speaker 1 (05:23):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, par
of They News Talks.

Speaker 2 (05:33):
I may have been a little premature the other day
when I said the Paramount has the lead in the
contest to buy Warner Brothers. Jared Kushner's firm as in
Trump's son in law Jared Krishna's firm was backing the
Paramount hostile, but he has now pulled his firm out.
He reckons the dynamics have changed. Still says the deal
makes sense, but this is being seen as something of
a boost to Netflix. Quarter past Smith Generators with us

(05:55):
Morning Greek mourning, Hey, how about that consumer confidence year?

Speaker 7 (06:00):
We've got more green shoots. The weather's warming up, and
so are consumer spirits. Heading into the festive season, so
that's great news. This is the west BAC McDermott Miller
index that's climbing only six point five so conference is
at the highest level this year, so it splow one
hundred still meanss more pessimists and optimists, but definitely out
of the doldrums. Not quite parting mood yet yet but

(06:20):
perhaps getting there. I think nor do normally lift around
this time of year, But the real spark is expectations
about next year, optimism hitting its highest level since twenty
twenty one, and you look further out in net eleven
percent positive about the outlook over the next five years.
Morgagually for big reason. Thousands of borrowers, of course moving
on to lower rates. And despite what a few banks

(06:42):
did recently one year fixed rates, that's still don about
one hundred and thirty points in a.

Speaker 5 (06:46):
Year ago two.

Speaker 7 (06:47):
Your rates are falling even further, so that's putting money
back in the household pockets and eat you see in
spending attitudes as well. We've talked about cards spending lifting
and the light and the good time to buy measure
jumped and Auckland, of all places, has become one of
the most optimistic regions, So South one's still leading, but
lift is much more nationwide. Suppose we shouldn't get two
carried away. Obviously, living costs is still binding. Jobs market

(07:09):
isn't humming yet. In the financial reality for many families
are still pretty tight. Households are still worse off than
a year ago, but the negative percentage is improving. So
if you look at a major retail indicad of the
net percentage of those that think it's a good time
to buy a major household item has improved from negative
ten point six percent September to negative three point five percent,

(07:30):
so we are getting close to par A bit of
a mixed picture overall, but pockets are real momentum, a
bit of pressure, but some genuine reasons here that I
think for hope as we head towards tween twenty six.

Speaker 2 (07:41):
Yeah, happy to hear that now, how we're investors responding
to the freightways acquisition.

Speaker 7 (07:45):
Investors liked that. So the KEEVI market was weak overall,
but freightways lifted two point three percent, so they are
deepening their push into Australia's making new acquisitions. They've picked
up Victorian freight operator VT Freight Express for seventy one million.
The company, it's been one of the standout performers across
the ditch over the past decade. They've built a strong
position in the business to business express market and I

(08:09):
suppose on that note, yet it fits really nicely into
freightways existing Australian setup. So they're already own Allied Express
and that does home delivery or what specializes in that.
So it's B two C business to consumer side of
the market. So VTF that brings on the other half
of the equations. That's a really nice, nice fit. So
they now suddenly got broad coverage across the entire spectrum

(08:30):
in Australia. There the acquisition is going to lift earnings
per share by around about six percent in the first year,
so you know, strong signal. It's not just strategic, it's
financially compelling. And Freightways they pear have been very selective.
They said they looked at about forty potential operators before
choosing VTFE and they called it one of the best
quality businesses on offer. And the investors also pay to

(08:53):
agree that it's a smart move.

Speaker 2 (08:55):
And I see the Chinese really like the look of
the Meta AI.

Speaker 7 (08:58):
Yeah, they certainly do, so Yeah, she's a Chinese chip
maker Meta X. They sowed seven hundred percent on their
first day of trading in Shanghai, one of the biggest
moves in a decade in terms of an IPO. So
they make AI chips so effectively Chinese answer to in
video and investors they went while for it currently raised
about five and eighty six million US drove the market,

(09:20):
kep right up there with another Chinese chip maker, more Threads.
They had spectacular to be as well earlier this month.
Just to give you a sense of the MAINI Heather,
the retail portion of the IPO two nine hundred and
eighty six times oversubscribed, so you had investors desperate to
get a piece of the national champions and semiconductors also
at the time in the US is still blocking mostly

(09:41):
video chips being sold into China. So music X's claim
is simple, its AI chips are comparable to in videos
and China clients.

Speaker 10 (09:50):
Can get hold of them.

Speaker 7 (09:51):
They've only got about one percent of Chinese AI chip
market at the moment, but the investa is clearly buying
into the growth story. Just the point that Chinese IPAs
actually have been hot this year, so regulaism sort of
clamp down a new issuance. So the average increase on
day one is two hundred and fifty percent, But obviously
this is ahead of that and just shows that the
chip frenzy is back in full force. I suppose a

(10:11):
menesting point here there is just whether the fundamentals catch
up with these sky high valuations. So you look at
the company that's priced over fifty times earnings and isn't
profitable at but he investors setting that side for now
and buying into the buying to the future growth.

Speaker 2 (10:26):
Interesting, Hey, give us the numbers then, yeah.

Speaker 7 (10:28):
So look at the US a little bit weaker again,
particularly tech, so simply down point eight percent sixty seven
four six, down down point three percent four seven nine
seven one. And there's that down one point two percent
two to eight four one foot two one hundred, the
UK up point nine percent nine seven seven four, Nike
out point three percent. Japan, speaking of China, sheing I
composite that rallied one point two percent ASEX two hundred

(10:51):
across the Tasmen down point two percent eight five eight
five in the X fifty down one percent thirteen two
nine five. But Freywes, as mentioned, had a good day
gold twenty seven bucks free, twenty nine US announce oil
of a dollar, fifty six spot twenty five for WTI
Crewed and the Courrency's tiary slightly soft against the US
fifty seven point eight against a straand dollar, we're eighty

(11:12):
seven point four. That's up point three percent. Against the
British pound we are forty three point one point one percent,
and the Japanese yen we're up at eighty nine point eight.
That's up point four percent. And yes, stay tunes, maybe
some more green shoots here that with the g D pavement.

Speaker 2 (11:26):
Yeah, good stuff. Hey, thank you very much.

Speaker 11 (11:27):
Greg.

Speaker 2 (11:27):
We'll talk to you tomorrow. That's Greg Smith of Generate
Wealth and Key. We save a specialist here. The people
are spending on food hugely. We are so busy, we're
double shifting our trucks and our chillers are full with
food waiting to be moved. I've never seen it like
this in the five years I've been in the industry.
The difference is huge, Colin. Thanks for that. Six twenty one, The.

Speaker 1 (11:45):
Mi Casking Breakfast Full Show podcast on iHeartRadio, Power by
News Talks a b.

Speaker 2 (11:52):
Now it's looking like the Philippines link in the Bondai
shooting has come up short at the moment, because, of course,
the theory has been that the couple, the father and son shooters,
went to the Philippines and perhaps got you know, trained
by ies and stuff. It turns out, and this is
according to the Philippine police and hotel staff at the
hotel they stayed at. They stayed in a place called
de Vayo City, which I am on one hundred percent mispronouncing.

(12:13):
But they rarely left their hotel. If they did leave,
they would go out for an hour or so. At
the time they'd come back, they left nothing behind, just
take away wrappers, like, no paperwork, nothing like that. Never
spoke to any other guests, never had anybody come and
see them. The whole thing seems like something of a mystery. Yeah,
so at the moment, it doesn't look like what we
may have thought. It was six twenty.

Speaker 1 (12:33):
Five trending now MS warehouse your home for Christmas shopping.

Speaker 2 (12:38):
Now, Depending on what side of this debate you're on,
this may be another hate watch for a lot of people,
especially Americans. Milania Trump, She's dropped the first trailer of
her film. It was announced at the start of the
year that they'd be doing a film all about the
twenty days leading up to Trump's inauguration through the eyes
of the First Lady. It is simply titled Millennia, Here

(12:58):
we Go Again.

Speaker 12 (13:03):
You can go Ma. One of our Paris legacy will
be the Peacemaker Triumph.

Speaker 13 (13:13):
EUCO. Together with like minded leaders.

Speaker 2 (13:19):
We have a voice.

Speaker 1 (13:23):
Everyone wants to know.

Speaker 13 (13:25):
So here it is. Hi, mister President, Congratulations.

Speaker 14 (13:32):
Did you watch it?

Speaker 13 (13:33):
I did not, Yeah, I will see it on the news.

Speaker 2 (13:41):
So Millenia was an executive producer on the film. It
reportedly had a forty million dollar US budget, comes out
in theaters January thirty. There will also if that's not
enough for you, there will also be a three part
docu series Accompany to come out at a later date,
so you can fill your boots with. I don't know
about but I think I'm going to be just absolutely

(14:01):
for the spectacle. I'll be tuning in kind of in
the same way that you open a woman's magazine. You're
just going to It's just vicarious viewing, isn't it. Hither
was that a nervous laugh when you read out the
porn hub extortion piece. It was a nervous laugh, not
because I myself at any kind of risk here, but
I was just wondering if sort of you know, shortly
after ten pass six in the morning is a little
too early to be raising porn with you. But then

(14:23):
we got it over and done with. And we also
are going to have to talk about jevn mcskimmon quite
seriously later on, so we may as well broach the
subject as early as we possibly can. Now on another matter,
and look, this is actually quite a lot to be
giving you in the morning, but it is very important.
The coroner has released findings into the tragic deaths of
six young people in Northland. They have been described as

(14:43):
part of a suicide cluster didn't know each other, but
some serious failings in the system here potentially as to
how this came to happen. So we'll have to chat
to the Children's Commissioner just after the news which is
up next News talk ZB.

Speaker 1 (15:14):
Asking the questions others won't Heather Duplessy Allen on the mike,
asking breakfast, we're the defender, embraced the impossible news talks,
the'd be it is.

Speaker 2 (15:24):
Hard to believe that the expenses scandal over in Australia
could get any any worse, but it has. It's now
involving the Victorian Premiergson to Alan, so it's gone from
central government to state government level. She went on a
five day trade mission to China in September and charged
Victorian taxpayers two hundred and thirty two thousand dollars for

(15:44):
the trip. The flight component was more than one hundred
and seventy thousand dollars. Now, the reason it is so
expensive is because there were it. By my account, it
seemed like there were eight of them who went on
the trip, and I guess for eight traveling in business
class that's not an unreasonable cost, and the accommodation all
all that kind of stuff. The question, of course, though,
is do the taxpayers get value for spending a quarter

(16:05):
of a million dollars on sending eight people to China?
And the answer is no, because this is what the
trip is. Okay. The trip provides an opportunity to launch
China's Victoria's China strategy, with key organizations and stakeholders in
country helping to immediately kick start Victoria's new framework for
engagement in China for the next five years. You know
where that goes. It goes in the trash. It's a
very expensive bit of rubbish going in the trash, but

(16:28):
it goes in the trash. What a nonsense. Twenty two
away from seven, the coroner has released findings into the
tragic deaths of six young people in Northland. Now all
six died and what's been described as a suicide cluster.
They didn't know each other, but they shared common threads
of bullying, abuse and loneliness. And what's striking in this
is the number of agencies that these kids deal with

(16:48):
in their lives. One was in contact with seventeen. Doctor
Claiarkmeda is the Children's Commissioner and is with us morning Claire,
good morning. I mean that seems like an obvious problem,
right that they have a huge number of agents, season
no one appears to be the lead agency.

Speaker 15 (17:03):
Well, first of all, this morning, Heather, I really want
to acknowledge how sensitive this topic of your suicide is
and the profound and deeply devastating impact that suicide has
on SnO on families, on communities, on friends, and you
know this inquiry that we're talking about this morning, lay

(17:25):
Musta Adaha more tepical more modern Taykamriki. That is the
name of the joint inquiry that Corona Pettaha has given
that translates to tears of love for children and these
loss to suicide. And so first of all, I just
really do want to acknowledge the families and the founder
of these six type compliqies you raised there with me

(17:49):
about the range of agencies that were involved with these
young people before their deaths. And from my perspective, what
that really highlight is that there are systemic issues that
need real focused, ongoing attention around this issue of suicide.

(18:09):
And it's both across the mental health system. But also
what this joint and inquiring highlights to me is that
we've got to get better joined up across the wider
systems that children and young people engage with. And I'm
talking about our education system and our kre and protection system.
These systems have got to be working better together to

(18:32):
actually put children at the very tater.

Speaker 2 (18:35):
It's the place to pump the resources into, not the schools,
because I mean, you know, for the most part, most kids,
if there's one thing that you can guarantee, one agency
you're going to get or one outfit, you'll guarantee they'll
have contact with It's a school. So if we put
the resources into the schools, if these guys are seeing
them every day, surely they should be the ones or
could be the ones that could could intervene. What do
you think.

Speaker 15 (18:56):
I really pleased that you raise the role of schools
could have because I have seen the value of school
based health services for children and young people in communities
around our country. And why I really want to see
more focus and more investment in school based health services
that are holistic, that provide counseling, school nurses, social workers,

(19:23):
is because if we make those holistic support services available
to children and young people in the places where they are,
like their schools and coulda that makes them more accessible,
they're hopefully going to be more trusted by children and
young people because they just are present in the places

(19:44):
where they are. And also we have to make getting
help as easy as possible for our children and young
people at the earliest stages when they might be starting
to experience mental districts. And from what I have heard
from children in the people and communities around me see it,
it's that when there are holistic school based health servitors

(20:06):
and their schools and could those are some of the
things that really.

Speaker 2 (20:10):
Do help Claire, Thanks very much for your time. That
is doctor Claiarkmund, the Children's Commissioner. Right, we're off to Italy.
The Joe McKenna next eighteen away from seven.

Speaker 1 (20:19):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks AB.

Speaker 2 (20:26):
Now we've got the GDP number out later today and
if you've been keeping a breast of this, you'll know
it's looking good for what we're going to get for
Q three. So I think basically the consensus is sitting
somewhere around one percent, and that's what AMZ is calling.
Sharon Zolner, ainsi's chief economist, will be with us after seven.
It's quarter two.

Speaker 1 (20:41):
International Correspondence with NS and Eye Insurance, Peace of Mind
for New Zealand Business.

Speaker 2 (20:47):
And Joe McKenna, our Italy correspondents with US.

Speaker 13 (20:50):
Morning, Joe, Good morning, Heather.

Speaker 2 (20:52):
Right, So Maloney's piling the pressure on Russia.

Speaker 16 (20:54):
She yes, Well, we've got a big EU summit happening
tomorrow in Berlin and leaders are trying to get to
this piece deal that of course, US President Donald Trump
is trying to negotiate with Ukraine and Russia. They don't
seem to be making very much progress. But now, of
course there's a lot of focus on what happens next

(21:15):
and who's going to pay for this war if it continues.
As we see, the US wants to spend less on defense,
Arsenal and so on. So she's saying it's important to
maintain the pressure on Russia. But the Italian Prime Minister,
Georgia Maloney is insisting that Italy does not want the
EU to issue any kind of reparations loan to Ukraine

(21:39):
to be mobilized using IBIGA pardon, using immobilized Russian assets.

Speaker 2 (21:45):
Can you explain to me how this return hub for
all return hubs plural for the failed asylum seekers would work.

Speaker 13 (21:53):
Look, I don't know that this is very well thought through.

Speaker 16 (21:56):
The EU is looking at tighter immigration measures. EU countries
on Wednesday urged the European Commission to finance what they
call return hubs. Italy has tried this out in Albania
by constructing two migrant centers offshore there, sending migrants there
and moving them through those migrant centers has been bogged

(22:19):
down in opposition from the judiciary in Italy, so it
hasn't worked very well so far. I'm not sure how
this is going to work if they try and introduce
this across Europe.

Speaker 2 (22:29):
Are you getting the sense that there is a real
toughening up on attitudes towards this.

Speaker 7 (22:35):
Look.

Speaker 13 (22:36):
It's been happening for some time.

Speaker 16 (22:37):
We're seeing that in France, the UK, Italy and other
European countries there's less patients to accept immigrants coming in
from North Africa, across the Mediterranean and other parts of Europe,
crossing from the East of Europe into the West of Europe.
But there's great concern about what that is costing and

(23:00):
and the pressure that is placing on social structures in
these countries. And now these the EU is looking at
harsher penalties for migrants who refuse to leave European territory,
So I think we're going to see a tougher line
in the future.

Speaker 2 (23:16):
What would be the most cost effective wajo of dealing
with it?

Speaker 16 (23:20):
Well, The Italians have adopted an interesting approach in the
sense that they have been throwing money at countries in
North Africa to try and build education, technology infrastructure. In
countries like Tunisia and Algeria and Morocco, Libya to try
and encourage countries to construct sound economies where they are

(23:45):
to try and deter migrants from crossing the Mediterranean. But
of course we're still seeing many, many migrants coming from
other parts of Africa moving through North Africa to get
to Europe. And we've seen a slow down, but it's
still happening.

Speaker 5 (23:58):
Yeah.

Speaker 2 (23:58):
Interesting, Okay, tell me about this new metro line.

Speaker 13 (24:01):
Very exciting.

Speaker 16 (24:02):
For the cost of three New Zealand dollars, just the
cost of a metro ticket, you can come into these
two new metro stations that have been opened up, one
at the Coliseum. And what's been interesting, Heather, is during
the construction phase, which has taken a very long time,
several years, every time they started digging, they kept digging

(24:22):
up ancient artifacts.

Speaker 13 (24:24):
So you can see these fabulous.

Speaker 16 (24:28):
Discoveries on display as you go through the metro station,
so it can be there's even the remains of a
bathhouse that was inside the home of a wealthy Roman.

Speaker 13 (24:37):
So it's quite an adventure just to take a metro ride.

Speaker 2 (24:40):
Wow, I mean, talk about being spoiled, Joe, Thank you
very much, really appreciate it, mate. That's Joe mckainather Itterly, correspondent,
Hither why do these officials like Claire af Met have
to spend three quarters of an interview slot stating the obvious.
It's so frustrating, Penny fairpoint. Look, I don't want to
I don't want to talk her down after she's She's
got up early for us and come on the show.

(25:01):
So I really appreciate that, and I also suspect that
it's just part of the job.

Speaker 10 (25:07):
Right.

Speaker 2 (25:07):
So if you're gonna obviously, if you're going to be
a police officer, you're going to be talking tough, and
if you're going to be a children's commissioner, you probably
need to ramp up the kind of the woky stuff,
do you know what I mean? You want to people
a lot to cut her in there, and you want
to acknowledge people all the time, and you want to
use nice soft words. So I mean, spare some thought
for the fact that she does have to kind of
perform for the role. I would like to just state

(25:29):
that I am adding the children's commissioner role to the
list of things that I think the government should be cutting.
In fact, I would be saying that any of these
commissioner roles where you know they constant Climate Commissioner whatever,
all of them, they provide advice to the government in
a form bundle of papers that the government immediately takes
and throws in the bin. It's all just a performance.
If we want to get serious about saving money a

(25:50):
la Argentina, how about we start cutting a few of
these roles, and I think would save a fair As
they say, it would just be pennies. But as we say,
take care of the pennies and the pounds, take care
of them. Ten away from seven, Heather Do put.

Speaker 1 (26:02):
The Ellen on the mic asking breakfast with Bailey's real
estate news dogs.

Speaker 2 (26:06):
There'd be Reserve Bank. Now, Reserve Bank has finally made
a call which I think is very very important, very nerdy,
but it's very important. This is around the capital, the
capital that the banks need to hold, because this is
the it seems to be the primary difference between what
we pay in our mortgage rates and what Australia pays
and its mortgage rates, is that our banks are required
by you know, everyone's favorite former Reserve Bank governor Adrian

(26:30):
Or to hold huge amounts capital. Now that has been reduced.
My suspicion is, and we're going to check this, but
my suspicion is it's only been reduced to a point
but not sufficient. Right, so we're still holding more than
the Australian banks are holding, which means that you and
I are still going to pay more in our mortgage
rates than the Australians will pay. But Andrew Body, who's
a financial markets and banking expert, will be with us
in about twenty minutes time and we can get the

(26:52):
take from him right now at a six away from.

Speaker 1 (26:54):
Seven are the outs. It's the biz with business fiber,
that's your business productivity to the next level.

Speaker 2 (27:02):
Now, I think we can well and truly stop saying
that it's not a first home buyer's market Totalities December
monthly Housing chart pack shows first home buyers have continued
to take advantage of those lower mortgage rates and property
prices that remain below the peak. So the first home
buyers maintained their record high share of the market with
twenty eight point two percent of all homes purchased in

(27:23):
October and November. Now, a big part of that is
because around half of all loans given to first home
buyers have been handed out with less than a twenty
percent deposit in the last three months. Property prices are
basically unchanged and the seventeen four percent below their peak.
The national average sits at eight hundred and six thousand dollars,
which has down zero point seven percent compared to last year.

(27:44):
Investment property owners are back in a big way too.
These are the so called mum and dad buyers who
have multiple properties or with decent mortgages attached to them.
Their share of purchase purchases is up to twenty five percent,
which is the highest share since twenty twenty one, So
plenty there to take heart from. One FIFA. Now we've
got I think we've got a call out for FIFA

(28:04):
for I mean, FIFA's getting called out all across the
board at the moment, but I just want to say,
don't be fooled by FIFA's latest trick where they've released
all of those cheap tickets for about sixty US dollars
to make it seem like they're good guys. When you
actually look at how many they've released it, it does
somewhat dispel that notion. So there are basically none of
these tickets they've released. It's how it works is that

(28:27):
every single team, like each of the two teams playing
in a particular game, gets an allocation of tickets, right,
and that allocation of tickets is eight percent to eight percent,
So it's a maximum of sixteen percent of tickets that
are allocated to the countries. It's ten percent of those
tickets that are going to be sixty US dollars each.
So what that means it's actually just one point six
percent of the available tickets to any game. Now, that

(28:50):
amounts to about one thousand tickets per match available and
that is nothing, right, And what that means, of course,
is split that in half, and that's what New Zealand's
to get for each one. So if you wanted to
go to the New Zealand games, there will be five
hundred tickets for each at each of those games at
the price point of sixty US dollars. So by the
time you log in and put your detail into your

(29:12):
email and remember what your passport it is, and then
Stanton sit there waiting for the que to let you
in and then the dynamic pricing of all of that.
By the time you get through all of that, five
hundred tickets are gone and you're paying the paying the
extraordinary amounts again. So yeah, yay for FIFA. But let's
not get too carried away with it, Heather, how many
people are we paying to state the obvious and hushed,
woke terms all in hindsight after a tragic episode in

(29:34):
our society.

Speaker 15 (29:35):
I don't know.

Speaker 2 (29:36):
It's like a comfort blanket. That's the only point of it,
Isn't it just make you feel better? I suppose. Now
we're going to deal with Sharon zol at A and
Z next. She's going to talk us through the GDP
number and what we're expecting today. And the interesting thing,
of course, is what's going to be the revision for
that hideous Q two number. And also Jev mcskimmings sentencing.
He's had his replacement announced. In the replacement, Mike pant

(29:57):
is going to be us as well. News Talk zb.

Speaker 1 (30:01):
All tough on Power, sharp on insight, Heather Duper see
Allen on the mic asking breakfast with Bailey's real estate,

(30:22):
doing real estate differently since nineteen seventy three, News togs
there'd be right.

Speaker 2 (30:26):
Good morning. So we've got the GDP number out for
Q three later later today. It's expected to show a
significant bounce back after Q two's horror number, which, by
the way, should also be revised. Sharon's honor is an
z's chief economist and with us Morning.

Speaker 17 (30:39):
Sharon, good morning.

Speaker 2 (30:41):
So do you have Q three at one percent growth?

Speaker 5 (30:44):
We do, but we are a.

Speaker 17 (30:45):
Bit nervous that some of that could turn up and revision,
So the headline number might look a bit different, but
the overall story should be that some of the corners
get knocked off the volatility, and likely the overall level
of GDPs will be revised up. Typically happens at this
time of the years that YE looks under the sofa
at some annual numbers that get put into it at

(31:07):
this time.

Speaker 2 (31:08):
Here, what do you expect the revision on Q two
to be?

Speaker 17 (31:12):
Oh, we don't predict revisions, but I would say that
of the Q three number, that's the one cent we're expecting,
maybe half is a noise, sort of a rebound from
the weaknesses you two and half is sort of cyclical
strength that we're seeing coming through. So that sort of
is just sort of some idea of the potential range
of revisions. But yeah, it's hard enough to predict the

(31:35):
latest number, let alone predicting well.

Speaker 2 (31:39):
Looking at the moment towards twenty twenty six, it looks
like it's going to be a lot better, right, But
then you get the services number like we did this week,
and it casts a bit of doubt.

Speaker 17 (31:46):
What do you think, Yeah, it's really interesting that some
of the undercoder is appointing in different directions. But I
guess that's what you're going to get at turning points,
isn't it. You know the events where one business is saying,
actually things are taking off and the one next of
them looks at them in disbelief. It is just that
kind of patchiness that you see. That said, in our

(32:07):
business survey, we have seen quite a wide range of
sectors saying that's not just that they're more optimistic, but
that the here and now has improved. We'll get an
update on that tomorrow, along with consumer confidence as well.

Speaker 2 (32:20):
Now the news I see the new Reserve Bank governor
has made quite an effort to intervene in the markets,
the wholesale markets. Has it actually done very much?

Speaker 15 (32:29):
Yeah?

Speaker 17 (32:29):
We saw the new John Dolla down a bit, we
saw rates down a bit too. They're still well up
on where they were because fundamentally the market has just
reassessed the prospects of further cuts and now believes the
Reserve Bank when they say that's unlikely, and indeed the
Governor did reiterate that they think they're done cutting. Their
point was more that they're not likely to be hiking
anytime soon. Technically the market was pricing hikes from July.

(32:54):
That I wouldn't interpret it literally because it was more
a reflection of large flows money going through, including if
one racing to fix their mortgage, trying to race to
a small door, and just causing some liquidity there.

Speaker 2 (33:07):
She seems to be quite keen on the idea of
having another OCR decision in the calendar year, and it
sounds like possibly over summer. Would you be into that?

Speaker 17 (33:15):
Yeah, I think it makes sense in so far as
it is a very long break. She has also just
demonstrated that they can influence the market outside of that timetable.
But there is certainly it's a very useful discipline process
that they go through, so it is a bit more
whereas the speech is a bit more ad hoc, so

(33:36):
in that regard, Yeah, I think it would certainly bring
me John Moore into line with international norms.

Speaker 2 (33:40):
Good stuff, Sharon, Thanks very much. Enjoy your day. That
Sharon's on the A and Z Chief Economist ten past
seven Heaver do for ce Allen Kevin mc skimming has
faced this punishment in court. He was sentenced to nine
months home detention. His replacement has also been announced. It's
Mike Pannett, who is now the Deputy Commissioner, who was
most notably the National Commander during the twenty nineteen christ
Church terror attack response with US Morning Mike.

Speaker 5 (34:02):
Good morning Heather, Mike.

Speaker 2 (34:03):
A lot of people were surprised with what we would
consider to be a fairly light sentence handed down to
mix Skimming yesterday. Will you.

Speaker 5 (34:12):
That's a matter for the courts either and you know
it's very much with the courts to determine without knowing
any other detail.

Speaker 2 (34:20):
Do you think it's possible that the courts and the
public have parted ways on what we consider to be
appropriate punishments.

Speaker 5 (34:27):
Yeah, once again, heither it's one that probably on better
not to comment on and something for the judiciary and
the public's view.

Speaker 2 (34:34):
Do you think, Mike, that you guys have got your
hands I mean, coming into the job. Do you feel
like you've got your work cut out for you? With
all of the stuff that's going on at the moment reputationally.

Speaker 5 (34:43):
Yeah, and looking that was part of taking the role.
I'm aware there's some big challenges ahead of us, and
you know, placing is even more complex and dynamic than
it has been in the past. I'm up for that challenge.
But you know, the commitment to work with the Commissioner
in over fifteen thousand of our staff is really important.

Speaker 2 (35:01):
What do you reckon is the biggest problem facing us
crime wise in the country.

Speaker 5 (35:07):
I think crime wise is actually the influence of transnational
organized crime, but how it radiates outwards into organized crime
that are affecting so many different areas of the country
in often innocuous ways. But for the likes of cyber fraud,
just how it impacts it right across the country.

Speaker 2 (35:26):
Yeah, listen, I see that in Australia they're talking now
this isn't the wake of BONDI. They're talking now about
putting the kibosh on any kind of protests, you know,
Palestinian related protest. Would we take a similar.

Speaker 5 (35:37):
Approach, Well, that's very much a matter for the government.
But New Zealander is a very open and transparent society
and I think that society. I would want to keep
those values, the ability of free speech, and I think
that's important for us as a country.

Speaker 2 (35:54):
Thank you, Mike, you look after yourself and enjoy the job.
That's my penet. Deputy Police Commissioner Heather Doers the Alan
Body and we'll talk a little bit more about jeem
Ick skimming and just attack. There is a significant update
on John Talmaheada this morning. He is no longer employed
at the Wye Perata Trust in the wake of a
report that's been released. This is in the Herald this
morning report by the Charities Regulator. The regulator, if you've

(36:16):
been following this, has been on the case of the
White Perata Trust for years. It turns out that they
actually nearly deregistered the trust, but the trust managed to
save itself by clearing up a payment issue. Now, the
payment issue was that the why Preaeta Trust leant about
about three hundred and eighty five thousand dollars to John
Talmaheerte for him to use on political campaigns. When the

(36:37):
regulator looked at the books, they said quite rightly that
money needs to be paid back. But what the trust
did was it just gave him a bonus of about
three hundred and eighty five thousand dollars. The numbers match exactly,
so instead of him paying it back, he just got
the money and a bonus that's obviously not good enough.
We can all see what happened there. So to avoid deregistration,

(36:58):
the trust has agreed with the regulator that what they'll
do is they'll convert the bonus into a loan on
bearing commercial terms and again demand repayment from John talmerhead
And now apparently the money has now been repaid. But
as a result of all of this, Talmaheady will no
longer be employed by the White Perata Trust. However, he
will remain employed by a cluster of other charities restructured

(37:20):
as the White Perata Investment Group. Fourteen past seven the High.

Speaker 1 (37:24):
Casking Breakfast Full Show podcast on iHeartRadio powered by News
Talks at B.

Speaker 2 (37:30):
You'll have caught the news, of course that the road
Cone hotline is going to be killed. Brook van Walden's
the minister who's doing the killing, and she's going to
be with us after the half past news a seventeen
past seven. Now the Reserve Bank changed the rules that
should bring down mortgage lending rates. It's reduced the amount
of capital that retail banks need to hold for a
rainy day. This was originally set quite high by Adrian
or Andrew Body as a financial markets and banking expert

(37:52):
and with us morning Andrew Andrew, Are you there?

Speaker 18 (37:58):
Yes, I'm here, brilliant, Jemmy.

Speaker 2 (38:00):
I'm well. Thank you? Am I being overly optimistic expecting
a drop in mortgage lending rates.

Speaker 18 (38:05):
You are here. This is the chicken dinner change. Really,
it might mean a couple of chicken dinners, but your
average mortgage borrower and maybe one for your average depositor.

Speaker 2 (38:18):
Now, when we've been discussing this in the lead up
to this decision actually being taken, what we were told
by the retail banks is that in order to pay
the same as Australia, the capital requirements have to be
the same as Australia. Are we the same as Australia?

Speaker 6 (38:33):
Now?

Speaker 2 (38:33):
Are we still higher?

Speaker 5 (38:35):
No?

Speaker 18 (38:35):
We're still higher.

Speaker 5 (38:36):
I mean.

Speaker 18 (38:37):
The capital review was a political move by the Reserve
Bank earlier this year when they tried to distract the
Finance and Expenditure Committee at its banking inquiry. The Reserve
Bank said yesterday that it will reduce the bank cost
of funds by six spaces points and we're still a
lot more conservative than countries like Australia that we compare

(38:59):
ourselves with.

Speaker 2 (39:00):
In your opinion, do we need to be more conservative?

Speaker 5 (39:04):
No?

Speaker 18 (39:05):
I think that the last twenty five years the Reserve
Bank has done a huge amount of damage to New Zealand.
The cost of capital compared to Australia has increased by
about twenty percent, and the relative cost of running our
banks here is increased by a lot more. And that's

(39:27):
about the Reserve Bank overreaching. They've concentrated the banking sector
and set up a fortress wall around large incumbents. The
Big four consequence is a high cost of capital that
makes New Zealand uncompetitive, leads higher inflation, lower productivity and
reduce public services.

Speaker 2 (39:46):
So could we actually have afforded to match Australia? Would
that have been Okay?

Speaker 18 (39:51):
Well, we've got to do We've got to match Australia
and we've got to allow competition in from Australia. The
big deal here is ready competition. The Reserve Bank is
not following its remit from the Minister of Finance and
ultimately that's a political problem. Either it needs political leadership

(40:13):
like we've seen in housing, education, health to get us
out of it. You know, we've got a problem here
with the banks. We've got a problem with the Reserve Bank,
and unless we deal with it, we're going to we're
not going to be able to afford the need in hospital.

Speaker 2 (40:29):
Yeah, oh hear, yeah, Andrew, thanks very much, appreciate your
take on that. Andrew Body financial markets and banking experts.
So if Nichola is looking for around for something that
she could actually do to help out with the banking situation,
this might be one of them. And on that subject, actually,
cheeky old bank, say B and Z has just announced
it's lifting its fixed her mortgage rates the longer end,
so two year up twenty basis points, three four five

(40:50):
year up thirty basis points. ASB has just announced it's
doing the same thing, eighteen months up twenty basis points,
two years up twenty six basis points, three four, five
years up thirty basis points. So that's B and Z,
that's ASB and We's back and by my reckoning, and
you can tell me if I'm wrong, I think that
leaves only A and Z who hasn't done it. Yet
twenty past seven.

Speaker 1 (41:10):
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Speaker 1 (42:21):
Heather duper Cyllen, whether you're wrong.

Speaker 2 (42:22):
The ANZ rates went up last week? Right, Well, let's
try this again. Then correct me if I'm wrong. But
does that just leave Kewibank, which we're going to put
in the top five just to be kind to them.
Seven twenty four. Now, if you was surprised that jevn
mcskimming got no more time than nine months home d
for looking at some pretty grim porn, you're not alone
because that seems to be the overriding reaction to what

(42:44):
happened yesterday. Now I'm no lawyer, but from what I understand,
he wasn't given a light sentence. He was given a
fairly normal sentence. It was a nonviolent crime, he pleaded
guilty early, it was a first offense, so that is
pretty much what you should have expected. Now, I could
probably make a case for you that there is a
public interest in putting him in jail to make an
example of him, because he was a high profile police

(43:06):
officer at the top level, right, and the abuse of
trust that that involved should probably be made an example of.
But that is not what happened yesterday. But what I
think yesterday's sentence does show us is that we're going
to have to we at some stage grapple with what
is seriously and clearly a major and increasingly divergence, increasing
divergence between what we expect as the public and what

(43:26):
the courts are handing out to punish the law breakers.
It's clear that we the public think that punishments should
be more than what the judges do. Now, of course,
this is not a new argument. I mean, you can
go back decades. You can find examples of outrage at
lenient sentences handed down by the courts, and that outrage
is part of the reason that National won the last
election because of their promises to force the judges to
stop with the wild discounting of sentences which we're driving

(43:48):
us completely nutty. But I suspect that this is only
a temporary band aid, because I can almost guarantee that
judges will find ways around those rules and finite resources
like jail space will put pressure on dropping sentences down again,
which means this is a frustration that will not go
away until the court judgments actually reflect what the public expect.
This case, I think, is a very good example of

(44:09):
it to most of us. There are few crimes more
egregious than the ones that GeV mcskimming was looking at,
involving very young children, and for that, being ordered to
stay at home for a few months, frankly doesn't feel
like enough punishment.

Speaker 1 (44:22):
Heither do for Sea Allen Heather?

Speaker 2 (44:25):
What the MX skimming sentence does a shiner light again
on the justice system and the deplorable sentences Hither what
an absolute joke the mix skimming are geting only nine months?
That's a soft punishment. Apologies for staying anonymous, Heather, but
that is not enough for gevimcs skimming. Blah blah blah,
and the text go on. So if you felt like that,
you're not alone Now after Pay has put out a
list of the things that we bought this year in

(44:47):
quite significant quantities, and it's quite weird what we bought.
The ring lights appear to be the highest selling items
this year. Now if you're wondering what the hell is
a ring light? A ring light is the thing that
all the young people are buying. It's a light literally
in the shape of a ring, and they put it
behind the camera so they make This is why when
you're zooming or teaming with young people, they look amazing

(45:08):
and you look hideous with your camera going up looks
looking straight up your nose and all your shadows and
all that stuff. You want to get yourself a ring
like that's what they've been doing. That is one hundred
percent the most normal thing on the list. I will
run you through some of the weirdest stuff later on,
and if you do anything like me, you're going to
have to google it to know what it does, and
then you're just going to be like, why are you
spending your money on that? Anyway, Brook van Velden's with

(45:29):
us next News Dogs. They've been.

Speaker 1 (45:44):
Opinionated, informed, unapologetic. Here the Duplicy Allen on the mic,
Hosking Breakfast with al Vida, Retirement, Communities, Life Your Way News,
togs Head be.

Speaker 2 (45:57):
Sixt sixty has got a new album out of what
I Say just a song a single, but hey, I
mean these guys are prolific. So Matthew Walter's lead sing
is going to be with us after eight o'clock for
a bit of a song and a chat. Right now,
it's twenty three away from a government has finally killed
its road cone hotline, which despite the name, actually wasn't
a hotline at all. As of September, about one hundred
and fifty thousand dollars had been spent on it, works

(46:18):
out at about one hundred and thirty six dollars per
complaint and ninety three percent of the road cones were
actually within the rules. Brook van Velden is the Minister
for Workplace Relations in Safety and with us Morning Brook.

Speaker 11 (46:28):
Good morning, hen why'd you kill it? Well, after six
months we had six months of data and it was
pretty clear what the data was coming back with, which
was that, you know, even though there weren't people on
the ground putting out excessive use of road cones, eighty
six percent of them were compliant with council approved temporary

(46:50):
traffic management plans, which really pointed the finger the fact
that the council have excessive use with their plans. So,
after having such consistent data month on month, we decided,
you know what we don't need another six months. Let's
save some money from here. But it also shows that
the work that we've got underway with NZTA having councils

(47:13):
complying with new NZTA guidance by next year is really
where the problem lies, that the councils signing off on
and having too many cones in the first place.

Speaker 2 (47:23):
Okay, you seriously telling me that you didn't realize that
it was the traffic management plans until you did the
tip line.

Speaker 11 (47:31):
Well, I think there's two things here here that you know. Firstly,
when I did my Health and Safety Road Code Health
and Safety road show last year, road cones were the
number one issue on people's mind. Was just so much frustration,
and so having this tip line has allowed for people
to have a bit of an outlet or a voice.

(47:51):
But secondly to that, it has actually been quite useful
because what it has shown is that it's not you know,
the people on the ground wearing PPE putting out the
cones who are just doing too much, which was one
potential outcome. It's actually that they were doing their job
very correctly the plans that the council was brook.

Speaker 2 (48:09):
What I'm saying, I know, but what I'm saying to
is you didn't need the tip line to tell you that,
because you already knew that, right, because Bush's office already
knew that. What we so, what we've got at the
moment is we've got the old traffic rules traffic management rules,
and we've got the new traffic management rules. The old
ones were the ones where there were so many road cones.
The new ones have fewer road cones. The problem seems
to be the councils aren't all switching yet to the

(48:30):
new ones. Do you have any idea how many councils
are still on the old ones.

Speaker 11 (48:34):
I'm sure I can probably get you that data. I
don't have that in front of me. But the hope
here is that they will do We know that they
haven't yet gone up to play with all of them.
But of course, you know you do want risk based
proportionate at traffic management. Let's not be all fixated on,
you know, putting out cones every two meters, bang bang bang,

(48:55):
there they go. Let's actually deal with the problem that
you're seeing on the ground and whether or not thees
are actually going to make it any more safer for
people working now they're just there.

Speaker 2 (49:04):
What I can't quite get a grip on is how
much do the new rules reduce the proportion of cones
that are being laid out by.

Speaker 11 (49:13):
Well, I'm not an expert in the specific new temporary
traffic management system. That is the role of n z TA,
but I'm sure we can come and find you that.
But my understanding is that for the councils that have
already reduced their cone use, it has saved them millions
of dollars, but we can always follow up with it.

Speaker 2 (49:35):
Are there fewer tones? Because I mean, this is the
this is the absolute nub of the issue, isn't it, Brooke.
It's that you guys had rules that made too many cones.
Now we've got rules that lay out fewer cones, but
we don't know how many fewer.

Speaker 11 (49:49):
Will to come out, and that will come out in
the future, Like I say, the government's rules requiring or
n z ta's rules requiring council to follow the new
guidance doesn't come in until next year, So that information,
isn't it seven? By a bit? Sorry? Twenty twenty seven?

Speaker 5 (50:08):
Brook?

Speaker 2 (50:08):
Have you been on the turps last night or something?

Speaker 10 (50:15):
I'm only teasing you.

Speaker 2 (50:16):
I know there was a very big party that was
going on. Did you go to the Press Gallery party?

Speaker 11 (50:21):
I did go to the Press Gallery party, but I
only was.

Speaker 2 (50:23):
It good from you as you should.

Speaker 11 (50:26):
Now.

Speaker 2 (50:26):
My problem with the Press Gallery party is it always
turns into something like a scarfy affair. But I'm told
it was a bit more classy. They were aiming for
something a bit more classy this year. Did they manage
to deliver?

Speaker 11 (50:37):
Oh? I think it was a great amount of fun.
You know. I saw a whole bunch of people who
were there.

Speaker 2 (50:43):
Was there a jazz banding off?

Speaker 17 (50:44):
The year?

Speaker 11 (50:45):
There was a jazz band? Okay, so I think you know,
the Press Gallery Party did a fabulous job.

Speaker 2 (50:49):
They tried a little harder. Yeah, thank you.

Speaker 11 (50:53):
I haven't been a long year for them, so so
thank you to all the media.

Speaker 15 (50:56):
Yeah.

Speaker 2 (50:56):
I'm sorry to tell you this, Brook, but you're going
to have to work harder on the road cone thing.
I'm not convinced at all that this is solved. Thank
you for your time, though, Brook van Velden, Minister for
Workplace Relations and Safety. Listen, if you drive around and
see too many road cones, it may well be because
the new roles that require fewer road cones still require
too many road cones, so we may be right back where.
But who would know? Minister doesn't know. Eighteen away from

(51:16):
eight Love.

Speaker 1 (51:17):
My Asking Breakfast full show podcast on iHeartRadio powered by
the News, talks at behither.

Speaker 2 (51:24):
The government set the road cones best practice guidelines, so
don't blame the local councils for following the rules. Nigel fairpoint. Now,
if you love the Japanese, you know the Japanese love
the vending machines. If you love that, I've got something
for you shortly right now, fourteen away from eight now.
As well as the Press Gallery party on last night,
there was also the annual end of year parliamentary speeches yesterday.
Here's a sample for you.

Speaker 19 (51:45):
On that side of the house, though, is the Labor Party.
I find myself that they are a bit like a
picked over box of favorites at a office Christmas tube
for starters. I think all the good ones have be
gone after refusing to front the COVID inquiry.

Speaker 2 (52:01):
I'd say Chris.

Speaker 19 (52:01):
Hipkins would be the flake. I think the rest of
Labor a bit like a cheery ripe. They seem nice
on the outside, but inside they're deeply, deeply read and
I frankly, they're just best left where they are.

Speaker 12 (52:12):
Christmas times are coming, Christmas, Christmas time.

Speaker 11 (52:17):
You.

Speaker 9 (52:19):
Must speaker.

Speaker 19 (52:20):
Can I say thank you for your very reason and
fear moderation this year, and I do promise to keep
my hucker very short.

Speaker 20 (52:27):
Time christ Bishop realized that he forgot to check the
guest bottle. Never mind, Shane Jones showed up with two
hundred million of them the venues for him as they
were all empty.

Speaker 12 (52:38):
Christmas time to come, in Christmas time, Christmas time to come.

Speaker 19 (52:45):
There are some labor in peace I'm particularly fond of.
I would like to think of particular Willow gene Prime.
I think by ignoring requests for labor to get involved
in our education policy, she has I think, done more
than any of her labour predecessors to advance the education
about kids, and I thank you for that.

Speaker 20 (53:02):
As they head into the summer break, it's barbecue at
Vicious Place. Christi Reluxon heard about this and said, don't worry,
I'll do the supermarket shopping. Turns out you can't get
much for a barbecue for sixty bucks a week, But then,
saying up and down, said don't worry, I'll go and
do the supermarket shopping.

Speaker 10 (53:19):
I'll give my wife a break.

Speaker 4 (53:21):
What's this here?

Speaker 2 (53:24):
Enjoy joy hearing.

Speaker 16 (53:28):
Back to make drehole.

Speaker 12 (53:31):
Christmas times come, Christmas times, come, Christmas times come.

Speaker 2 (53:37):
You know, I'm gone home.

Speaker 19 (53:40):
We're very sad to see duncan web go at the
next election. In a recent interview, Paul Goldsmith was her
to remark or refer to him correctly as Roger somebody,
not to be confused, of course, with Labour's new tax policy,
which is Roger everybody.

Speaker 20 (53:55):
David Seymour took along a few uneaten school lunches. Now
you've got to hand it to dis how Dave he
is committed to value for money for the text.

Speaker 2 (54:03):
Path Christmas times.

Speaker 10 (54:05):
It was a hard year. We've come out on top
as a country.

Speaker 2 (54:09):
I'm very proud to wish you all a very merry.

Speaker 3 (54:11):
Christmas after a wonderful.

Speaker 10 (54:13):
Year of act driving the change. Thank you very much.
Time to come.

Speaker 12 (54:17):
Christmas times come, Christmas times, come in.

Speaker 1 (54:24):
Christmas times, come in.

Speaker 10 (54:26):
Christmas times, come in. Christmas times come in.

Speaker 5 (54:29):
And you know good.

Speaker 19 (54:36):
Unlike Labor, we will not be working with the party Marty,
but I've come up with a couple of policies that
we could align with them on one including their MP's
and David Seymour's attendance action plan, and two extending the
social media bandage.

Speaker 2 (54:54):
Takoutera Ferris, very Merry.

Speaker 19 (54:55):
Christmas to our Foreign Minister Winston Peters and all our
friends in New Zealand.

Speaker 6 (54:59):
Firs.

Speaker 19 (55:00):
Winston, as you know, I was visiting thirty one countries
over the last year's on as sterling job representing his
Zellen on the world stage. He's actually such a dedicated
foreign minister that he's mastered French. And every time I
post something on social media, he replies, we to.

Speaker 13 (55:14):
The media, get out of the way.

Speaker 10 (55:17):
What's of space have you?

Speaker 2 (55:19):
Christmas? I think Speech of the Day goes to the
Prime Minister, who's actually making a habit of being very
funny in the end of the year speeches. Right, let's
see all the vending machines.

Speaker 1 (55:29):
Next ten to Heather do Busy, Allen vond the my
Hosking Breakfast with a Vida Retirement Communities news togs had
been but to.

Speaker 2 (55:37):
Walter's of six sexty is going to be with us
after eight o'clock right now, seven away from Ete and
quite a neat idea for you to do. His first
hot pie vending machine has launched, stocked with the famous
Mucketoo pies and Craig Williams is Mrket two Pie's general
manager and with us.

Speaker 21 (55:50):
Morning Craig, Good morning Heather, how are you well?

Speaker 2 (55:53):
Thanks mate. Now we're talking about this being the first
in Rutu, is the first in the country, or we
already got these things out.

Speaker 21 (55:58):
There, it's the first in the country. The pilot guys
have been developing these things for a couple of years
and this sort of, I guess the final version I've
had out and about around some sites in Auckland as
a bit of a sort of a commercial trial on
construction sites and the university campus and places like that,

(56:19):
and yeah, with relative success. So we're excited to pick
up the first one of the Bay of Plenty because that's,
you know, our foundational stomping ground.

Speaker 11 (56:28):
Yeah.

Speaker 2 (56:28):
So how does it work? Do you have to restock
the pies every day?

Speaker 21 (56:32):
Yeah? So we're working with the road ruler in Dead guys.
So the team that run the eye sights and the
tourism down there in roade A Ru and their team
are trained and ready to keep the pies stocked and
fresh and hot all day. So yeah, working with them
essentially to handle that and it's obviously the quality of the

(56:54):
delivery of the quality is ready important to us, So
you know, training that team and making sure that they
are ready to go and top quality has been the
key thing to the rollout.

Speaker 2 (57:06):
What's the attraction? Like, why do people want to get
their pie out of a vending machine instead of out
of a dairy?

Speaker 4 (57:12):
Well?

Speaker 21 (57:12):
I think, you know, given the location with this one
as the tree Walk, for us, it was about, you know,
visibility of the brand. It's a bit of a novelty.
I guess you know. We have a site there that
gets about seven hundred thousand tourists through a day, a
lot of international tourists and you know, for us, we're
really proud to be carrying our brand there and something

(57:34):
that will capture people's attention. And a lot of those
international tourists are looking for a hot pie as part
of their key we experience.

Speaker 2 (57:42):
They are they coming to the country wanting a pie?
Have they heard this in our cuisine?

Speaker 4 (57:48):
Surprising?

Speaker 21 (57:49):
It's surprising how much of it again, I think there's
there's a number of things that New Zealand's well known
for around the world, and the meat pie is definitely.

Speaker 4 (57:57):
One of them.

Speaker 2 (57:57):
How good is that, Craig, listen, thank you very much.
You look after yourself. I hope it goes well. That's
Craig Williams, Michael tu Paie's general manager. I mean, you know,
if you know, if you know anything about the vending
machines in places like Japan, they just pump out absolutely everything.
So if the idea catches on, you never know, might
be getting a pair of socks out of it. Next minute. Right,
here's your after paylist. So what they've done is they've
broken it down into generational categories. I'm going to say

(58:20):
that right up front, if you're gen X, you have
reason to be proud of yourself because it seems that
the gen xs are buying the sensible things, and gen
X is a people. I'm going to just take a
rough stab at the age here, but I think it's
like over forty fourish or something like that. Anyway, loving
the smart rings. Those are the rings they put on
their finger and they can do all the like, you know,
diagnostic things and all the stuff going on into your body. Millennials,

(58:43):
which is the category that I belong in largely have bought,
you know, like grown up things like a hammock. Nothing
says leisure like a hammock and robot vacuums, because you know,
you want to be efficient in the house. But then
we follow it up with buying six thousand booboos, which
is you know, you far if you're a millennial mate,
you're way too old to be playing with.

Speaker 5 (59:04):
A la bubo.

Speaker 2 (59:05):
But then also, and I had to google this because
this is my first introduction to this, something called a
blind box toy, like a sonny or a Smithski's what
these are? A pair smiskies are apparently tiny little figurines
that glow in the dark, and they just that you
buy them and poses that you would normally find yourself
in during the course of the day, like I don't know,
bending over to pick up the ten thousandth toy car

(59:27):
that you are of the day, and then you're supposed
to just god on your nose, pop them in weird
places in the house, like in your cupboard, so you
open your capital there's mismiski. Apparently millennials are spending their
money on this. Sixty seven percent of the sales of
these things, which you would think would be you Know
for kids is brought by millennial women gen Z. The
younger ones, kids under the age of about twenty nine

(59:48):
are buying digital cameras, which the rest of us got
over about twenty years ago. Heatless curler sets. Now I'm
on board with that, Walking Paths, which is basically just
a treadmill, but one that you can pack away easily.
And Cowboy boots, because Cowboy boots are apparently back. MARCHI
Walter's with us.

Speaker 14 (01:00:05):
Next Merry Christmas Boys, credible, compelling, The Breakfast Show You
Can't Bess It's Hither Duplessy Allen on the mic Hosking
Breakfast with the Defender, Embraced the Impossible News Toks Dead be.

Speaker 22 (01:00:25):
Dreams and thirteen you keep Them all right?

Speaker 2 (01:00:30):
Seven past eight Now it is not a key? We
some of all without six sixty is it? The highest
selling live band in New Zealand music history is rolling on.
They've dropped their latest single, It's called We Made It
and this comes just after their best selling performance in
Australia at the Sydney Opera House. And they'll have the honor,
of course, of being the first live act to perform
at our new stadium in christ Church and the lead
singer and guitarist Marchi Walters is with me right now.

(01:00:52):
Hi march you, good morning. Jeez, you guys are busy.
Do you ever take a break?

Speaker 10 (01:00:56):
Doesn't seem like it at the moment. Yeah, but I'm
hoping for one of a.

Speaker 2 (01:00:58):
Christmas Yeah, yeah, yeah, you probably deserve it. How is
the prep going, by the way, for the new festival
that you're running, the Country Music Festival?

Speaker 10 (01:01:05):
IM, it's coming along like that's I surprised, you said.
I was like, actually, it's on January third.

Speaker 2 (01:01:09):
That's coming around really quick, So you're not going to
have that longer break.

Speaker 10 (01:01:13):
Not really, but I think, I mean, we've been doing
this long enough that we're kind of confident we can
kind of roll in and pull anything together. But now
it's just going to be a good show, I think.

Speaker 2 (01:01:21):
Yeah, it's just a one day festival, isn't it one day?

Speaker 10 (01:01:23):
At the moment, you know, we've got plans to grow.

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

Speaker 2 (01:01:27):
I've spoken to you about it on it because you
were you when you guys first announced it, and since then,
of course you've had a couple of other festivals fall over,
like Explore. Yeah, so it makes it more incredible that
you guys are doing this.

Speaker 10 (01:01:39):
Yeah, I mean it's it's definitely a tough time for
the arts, music and for everyone really to be fair,
But I don't know. We didn't We're never want to
kind of just to take kind of rest in our laurels.
It's like some of us out there are still trying
to do cool stuff, so I don't mind taking the risk.

Speaker 2 (01:01:55):
Mike has Mike costing boarders tickets for the show.

Speaker 10 (01:01:58):
I don't know. But last time we spoke, you asked
if I put it on just for him because he
lives at Matak. I hope he comes. He doesn't have
to travel far and he loves country music.

Speaker 2 (01:02:06):
So if you make it loud enough and might be
able to hear it from.

Speaker 10 (01:02:08):
His cream Otter's name when we're on stage, Oh, I
love it.

Speaker 2 (01:02:11):
He would love it. How do you get involved with
the christ Stadium opening?

Speaker 10 (01:02:15):
Well, obviously it's been on our radar for a while.
We knew that that Christ It has been work on
us for a long time, and when we approach with
the opportunity to open it, obviously we jump jumped at it.
We have a cool history with christ Church. It's actually
obviously we're started and needed, but christ Church is really
where we had our first kind of professional gig. We're
kind of booked for the first time, and we continue

(01:02:38):
to tour through there, all through the earthquake recovery. So look,
it just kind of happened. The opportunity came up naturally,
and we're honored really to be able to do that.
We understand how long Christ has been waiting for us
and how much he deserve its.

Speaker 2 (01:02:52):
So we're I mean, when it was announced, it seemed
like such an obvious choice that it would be you guys,
because you are the ones who are doing the first
of so many things at the month. Do you ever
stop and think about that?

Speaker 10 (01:03:02):
Troy do a little more often? I mean, I think
it's a lot of a lot of us are always
looking at the horizon, you know, But I think we're better.
We're getting better at doing.

Speaker 2 (01:03:12):
That because first to do the Eden Park, ye, first
to do the christ Church concerts, so many records, so.

Speaker 10 (01:03:18):
Many records, Yes, I'm so and I don't need albums.

Speaker 2 (01:03:21):
By that, I mean like you're smashing records. Yeah, yeah,
what motivates you if you've done all of these things
that you've done more than any other band in the
country's history already. What makes you keep going?

Speaker 10 (01:03:32):
Honestly, we just want to do cool stuff. And our
goal was always just to write and perform music, and
my purpose is to sing and play guitar, and all
these things has kind of happened around us, and we've
tried to just keep it simple. And the funny how
it kind of works that way. I mean, we're aspirational dudes,

(01:03:54):
and we try and you know, it's like my dad
said to me when I had the big sit down
way back that I tried to tell them I was
going to be a musician instead of something else. He said, well,
as long as you don't, your goal isn't to play
the pub around the corner, because if that's the goal,
then you're only ever going to play the pub around
the corner. I was like, okay, well, so how about
a stadium?

Speaker 2 (01:04:11):
Yeah, what was your goal?

Speaker 1 (01:04:12):
Then?

Speaker 2 (01:04:12):
What did you readjust to.

Speaker 10 (01:04:14):
Well, look, we were and I even wanted to be
the biggest band in the world. Yeah, and the biggest
bands in the world playing stadiums and they you know,
put out big records, and that's always kind of been you.
We've tried to keep it pure and honest, but just
tried to, you know, do the biggest, boldest, brashest, most confident.

Speaker 2 (01:04:31):
I was listening to shehad on the radio the other day,
and I was thinking about their attempt to crack into
the US market and how it didn't work in the end,
And and then I thought about you guys, obviously, because
you are the next opportunity to do it. Would you
like to do that?

Speaker 10 (01:04:44):
Of course?

Speaker 2 (01:04:44):
So how do you do it?

Speaker 10 (01:04:46):
Well, that's it's kind of out of my control, to
be honest. If I can just write the best songs?

Speaker 2 (01:04:52):
Yeah, is it as given? Because you know much that
sometimes the stuff that hits the top of the as
they call the head parade, always the best song.

Speaker 10 (01:05:01):
No, And look, I guess I know now that you know,
timing is important moment, but that the right song at
the right time. Also, I can't look the right look
because also I can't control any of that stuff. So
I'm not It's just no use kind of losing sleep.
I believe it's going to happen. I believe it's just
a matter of time. If it happens when I'm sixty,
then it still happens, you know, So that right now

(01:05:22):
I'm just trying to write mean as songs and do
cool stuff.

Speaker 2 (01:05:26):
Yeah, why not? Hey, were you at the Metallica concert.

Speaker 10 (01:05:28):
I wasn't, but some of the boys were. And then
I was like, in an I think it was at
the airport in LA and my phone just started blowing
up and someone's like, Metallic is butchering.

Speaker 2 (01:05:39):
Your song, mate, it was so bad. Did you have
a look at it?

Speaker 10 (01:05:44):
Yeah, I watched it. Oh I heard its like, oh
my god, they're playing don't cute roots. This is pretty buzzy.
And then listen again. I was like, oh, yeah, that's
it's not great, but crazy to think.

Speaker 2 (01:05:57):
Because that I was because I knew that I knew
that you make Chris would be around somewhere because I
often see him when I'm at concerts at Eden Park,
and I did wonder how you guys would feel about
one of the biggest bands in the world learning your jam.

Speaker 10 (01:06:10):
Oh amazing. I couldn't, honestly couldn't believe it. And I
don't know, a lot of really cool things are happening
at the moment. We just finished this album and then
this thing happens, and then we played the Opera House
and the stadium happens It's just a really cool season
in our lives at the moment and just real exciting
stuff going on.

Speaker 11 (01:06:29):
Now.

Speaker 2 (01:06:29):
Listen, and one of your bandmates dropped out recently, Elmer,
how's it like without him?

Speaker 10 (01:06:35):
It was honestly quite tough because he was a dear
friend and we started all this together. But he left amicable.
Was still really good friends and he was involved. He
came to the Music Awards with us, and we still
hang out a lot. He's a rugby coach now actually
coaching the Auckland part of the Auckland NBC coaching stuff
and wanting to be an all Black coach, so we're

(01:06:56):
going to do everything we can to make sure he
gets that job.

Speaker 2 (01:06:58):
Geez, you guys really are aspiration but also very talented
at a whole bunch of stuff. Sure has he got
fomo though now they've been covered by quite often.

Speaker 10 (01:07:08):
When we're doing cool stuff or like seeing it to
him that you could be doing this picking up rugby balls,
and but he's but we're still really tight and but
but antiquity it was. It was actually pretty tough because
the family dynamic change and we we are we are
very much a family, and so it took a while
for us to kind of recalibrate, and now now I

(01:07:28):
think we're just stronger than ever.

Speaker 2 (01:07:30):
So so have you replaced them with a permanent member
or is it just.

Speaker 10 (01:07:33):
No like session musicians?

Speaker 2 (01:07:34):
Yeaeah, okay, yeah, fair enough, I can understand it. Now,
tell me about the single. What's it about?

Speaker 10 (01:07:39):
Well, like, I hope people can listen to it and
kind of take their own interpretation, but basically on what
we're talking about before that, you know, we people often
are always looking at the horizon and and don't get
a chance to kind of stop and and be grateful
for how far they've come. And that's really that's really
the crux of the song. But you know, it could
be like we made it to the end of twenty

(01:08:01):
twenty five, we have a big thank God, you know
made it. We made it to the weekend, you know,
stuff like that. But really it's it's about it's about
a bit of self love and gratitude and all that
kind of stuff, which.

Speaker 2 (01:08:14):
You're getting weird about it in the in the typical
key we way of just being so uncomfortable with your
own success. I can see it happening right now anyway. Yeah, no,
don't be humble, you own it, you own it right.
We'll take a break. We'll come back with you much
of Walters and hear the tune stand by a quarter past.

Speaker 1 (01:08:29):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks. It be right.

Speaker 2 (01:08:36):
It's eighteen past eight and we're back with much of
Walters of six sixty, who's going to play us their
new single we made it as much you take it away.

Speaker 22 (01:08:44):
I can tell about the look in your eyes that
the star's coming back again, and I can hear in
the sound of your advice that you're starting to crack.
And after all of the time, I'll be love so
that I how to do it just riding because the
truth is, I lose it sometimes and I need to

(01:09:05):
choose and the matter remind me that high She'll say,
good bode to all the class in my mind.

Speaker 2 (01:09:19):
Boy, I know it's.

Speaker 22 (01:09:22):
Been a bumpy road. Keep thinking that some fody go
take a lotok around. It's amazing. If we made it here,
then we made had no better plead rather be all
of my people hear me. We never took the time
to celebrate head but if we made it here, then

(01:09:44):
we mean yeah.

Speaker 10 (01:09:46):
Oh yeah.

Speaker 22 (01:09:56):
Do you remember the days we would say the weggonna
ma hang it out?

Speaker 10 (01:10:02):
Well, how crazy it would it be if they could.

Speaker 22 (01:10:05):
See us now because we used to dream so damn
big to be in a place it looks just like this.
Open your eyes or you're just snip miss everything we
always wish for.

Speaker 13 (01:10:23):
I think it's time.

Speaker 10 (01:10:26):
To look around.

Speaker 2 (01:10:29):
To real line.

Speaker 22 (01:10:32):
Oh, I know it's been a bumpy keep thinking that's abody.

Speaker 10 (01:10:40):
Take a look around.

Speaker 22 (01:10:41):
It's a meaning. If we made it here, then we
may had no bed up place sold, rather be all
of my people here with me. We never took the
time to celebrate he had. But if we made it here,
then we made there. Oh yeah, take your ground, it's amazon.

(01:11:07):
If we made it here, then we made Oh if
you gotta drink batteries.

Speaker 10 (01:11:18):
And because if we made it here, then.

Speaker 22 (01:11:20):
We made it.

Speaker 2 (01:11:24):
Very nice. Manch you thank you so much for that.
Good luck with everything. Thanks busy year at the end
of the year, like busy time at the end of
the year, and best of lack of that country music
festivalpreciate it. Yeah, MARCHI watters of six sixty. If we
made it a twenty one, hither.

Speaker 1 (01:11:38):
Duper Cyllen Fond the mic Asking Breakfast were the defender
and used Tom tad B.

Speaker 2 (01:11:44):
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together do for c Ellens Heather AI will never be
able to do that. No, probably not. This is why
you don't need to worry about AI too much. Hear
the great news with Labour on thirty eight percent, Well

(01:12:48):
actually I hadn't mentioned it yet, but it does bear mentioning.
But a bit of a brutal poll for the government
out last night. This is the post freshwater strategy pole.
Labour's on thirty eight, Nationals on thirty so that's quite
a big le for Labor. Then you've got the other
parties Act eight New Zealand First nine, Green's nine, Marti
Party two. Now I would say, look, I've been asked

(01:13:08):
today what do I think of these and are these real?
I do think that these poles are real, but I
and I do think the government should be worried about it.
But I don't think it's going to mean a change
of government at the next election, and I don't think
Labour should be should be getting too excited. What this
is is a protest poll, right, So what's going on
at the moment are people is that people are disappointed
in what's going on with the government and they want

(01:13:29):
better from the government. So they're kind of flirting with
the idea of labor. But of course to come around
to the next election. No one's actually going to well
some are, but we're not actually going to vote labor in.
But I think we would just like to see a
little bit more improvement from the coalition government. That's what's
going on there. When Lax and seis we watch for
the rolling thunder. Mike's coming, Yeah, that rolling thunder is.

Speaker 11 (01:13:48):
Yeah.

Speaker 2 (01:13:48):
Are we still waiting, Yeah, we're waiting for the rolling
So are we waiting.

Speaker 5 (01:13:51):
For the We honestly can have a kick our feature.

Speaker 2 (01:13:54):
We're just hasn't quite co Yeah, it's due to come, but.

Speaker 19 (01:13:58):
We've got to keep taking barnacles off this boat.

Speaker 2 (01:14:00):
You got the one where the car is in the
ditch as well.

Speaker 8 (01:14:03):
Yes, it's a grind.

Speaker 19 (01:14:04):
As we get the car out of the ditch and
turned up the right way and into first and second gear,
there we go.

Speaker 2 (01:14:09):
Just make sure we got the whole lot. The bingo
cart is full. Hey, the Susie Wilds Vanity Fair article
right now. I told you about this Yesterday's called some
drama with what she said. You need to look at
the accompanying photos. He's got photos of the whole time.
Susie and JD. Varnes and Marco Rubio and stuff. What
is interesting is they are extreme close ups. Like extreme

(01:14:30):
close ups, you can see every imperfection, every pore, every
freckle and when you look at the Caroline Leavett one,
every single jab from the needle into her lips where
she's injected in the collagen, which I'm not passing judgment on,
like you do what you need to do to get
that Mara Lago face going, but you can see it.
It's close up and it is breaking the internet at

(01:14:51):
the moment. Rod Little is with us out of the
UK shortly, you still zav.

Speaker 22 (01:15:04):
If you got a trade battery then as if we
made it here, then we made it.

Speaker 1 (01:15:12):
Asking the questions others won't Heather Duples see Allen on
the Mike asking breakfast with Bailey's real estate doing real
estate differently. Since nineteen seventy three, news togs that'd.

Speaker 2 (01:15:23):
Be Bondai is still still creating a little bit of funny,
funny controversy. You'll know of Laura Tingle, who's a high
profile ABC journalist. Now she's got herself in a little
bit of a tangle over in Australia over a bizarre
comment that she's made. She was on the ABC's Politics
Now podcast on Tuesday afternoon, and she said the actions
of the two shooters have got nothing to do with religion.

(01:15:46):
And that is, of course, as you can imagine, she's
coppying a bit of flak for this, because, I mean,
how could you say it's got nothing to do with religion?

Speaker 5 (01:15:55):
Right?

Speaker 2 (01:15:55):
It looks very much like religion, doesn't it. The shooters
have targeted a group of people who are religious, being
Jewish people, on the day at the first day. Now
they may not be practicing in the religious sense, but
it's on the first day of their religious celebration, which
is Hanakah, and that the atrocity has been committed by
a couple of people who've aligned themselves with I S,
which literally stands for Islamic State, which again is motivated

(01:16:18):
by a radical interpretation of a religion, being Islam. So
how she can say that it's got nothing to do
with religion is quite it confounds anyway, as far as
I can see, she hasn't yet explained her comments, and
I do look forward to that because I'd love to
understand where she's coming from.

Speaker 4 (01:16:32):
With us.

Speaker 2 (01:16:32):
It's twenty two away from.

Speaker 1 (01:16:33):
Nine International correspondence with ends in eye insurance Peace of
mind for New Zealand business Rod Little.

Speaker 2 (01:16:41):
Our UK correspondents the first morning Rod, Good morning. Now Rod,
has none of the Chelsea money gone to Ukraine yet?

Speaker 4 (01:16:48):
No, it doesn't seem to have done. There's two point
five billion quid outstanding. The government's getting very cross about it.
This is money which we're in Roman Ramana Brahmavich. That's
its before he was kicked out at Chelsea as being
a sort of unwanted person and the British government wanted

(01:17:09):
to go towards providing humanitarian relief in Ukraine. I don't
see why I shouldn't be used to buy missiles for
Ukraine because that's what they really need. But anyway, that's
what the government's say. Abramovich is now holding back on
that two point five billion pound payment and the government

(01:17:30):
is going to take him to court by the look
of things. So it's the noose is tightening. It's very
interesting though you go back twenty years, twenty one, twenty
two years. Maybe he was adored. Bramovich was adored in
this country for having rescued a perennially also ran club

(01:17:51):
Chelsea who never really won the league very much. They
were good in the Cup and that was about it,
and elevating them towards real greatness, you know, in the
Champions League, in the Premier League. But his association with
Putin has seen him kicked out and we're now trying
to cast some money back from him.

Speaker 2 (01:18:12):
Yeah, fair enough. How is it that he gets to decide, though,
where the money goes? I mean that seems like a
flaw in this idea.

Speaker 4 (01:18:17):
No, I don't think it does get to decide it.
I think there are various kind of nuances about this.
I don't quite see why Abramovich's two point five billion
shouldn't be part of the EU's assets, which it has
taken through freezing the assets of Russian businessmen, and which

(01:18:41):
is giving to Ukraine form weapons. So I don't quite
see why they shouldn't do that. But there's clearly been
some negotiating going on. Abramovich has said that he wants
to see the money go towards alleviating hardship in Ukraine
and Russia. Well, I don't think he's going to get
up with that.

Speaker 2 (01:18:58):
No, it doesn't sound like it. It looks to me
like those are hunger strikers, the Palestinian Action hunger strikers
have stopped the strike, well.

Speaker 4 (01:19:05):
Certainly two of them have. Five of them were apparently
still doing it, but two of them were certainly given
up and decided they were getting a bit peckish and
had a bit to eat, which is good news for
the government and good news for them as well. I
suppose they could not have picked a worse time to
go on hunger strike for their cause. These are members

(01:19:29):
of Palestine Action, the very people who marched through the
streets of London, sheltering globalized the Intifada, and who caused
enormous mischief and damage and criminal damage a various British
industrial sites which they believed were militarily linked. But there

(01:19:51):
is no sympathy in this country for those people. At
the roments has typified by an MP who, after hearing
demands that the government should intervene in this crisis where
seven people were about to die as a consequence of
hunger strike, said what does he want the government to do?
Buy them a pizza, which I thought was rather good.

(01:20:13):
But I'm afraid that that is round about the view
of most people in the country.

Speaker 2 (01:20:18):
What's your take on the fact that the MET have
now announced that they will actually be potentially arresting people
who go around chant and globalize the Intovada.

Speaker 4 (01:20:27):
Yeah, it's interesting, isn't it. There has been a small
sea change in since Bondai and so I think there
is a general acceptance by the MET, by the government
that the weekly Palestinian pro Palestinian protests in London, where

(01:20:49):
people were shouting things like let's kill the IDF and
from the river to the sea and globalizing Tofada, should
have been stamped down on a bit earlier, much as
the Jewish community in this country has said that it's
come relatively to that decision, given what happened at Bondai
Beach over the weekend of Hannukah. So I think there

(01:21:12):
has been a change in the general mindset about Palestine action,
and I have to say the sympathy is draining away
from that cause with every hour that passes.

Speaker 2 (01:21:24):
Yeah too right, Rod, look after yourself, thank you very much,
and Merry Christmas to you. That's Rod Little, UK correspondent.

Speaker 11 (01:21:30):
Yeah.

Speaker 2 (01:21:30):
So the reason so it is quite an interesting change
from the MET, because the MET up to now has
been accused of not actually cracking down on the stuff
hard enough. Over in the UK, the chanting by the
Palaestine and these guys have been hassling Jews in the
center of London as well, and the meat has sort
of got the law, haven't got the resources whatever making
excuses for it. Now all of a sudden, bondies happened.
Everybody realizes how serious this actually is. In the MET says,

(01:21:52):
you chant that again, and we're coming after you and
we're going to arrest you. This is basically what I
was saying to you yesterday about the Greens here in
New Zealand. Mark my words, they will not be saying
this again because we have now seen that those words
actually do mean something and when people are going around
saying it, they may well mean the actual thing to happen.
So because nothing has the MET says, all the context

(01:22:13):
has changed, Well maybe so, but nothing has actually really changed.
In the UK, Jewish kids were going to school under
security guard beforehand, people were getting hassled in central London.
They did nothing. Now they're doing something. It's a good thing.
They are doing something, though. Sixteen away from nine, The Mike.

Speaker 1 (01:22:29):
Asking Breakfast Full Show podcast on iHeartRadio powered by News
Talks at b.

Speaker 2 (01:22:36):
Morning here, Fonterra just changed the fore cast milk price.
It's down to eight fifty to nine fifty mid point,
down fifty cents to nine dollars. Not surprising, but still
not a great Christmas present. No, it is not surprising
because this has been sort of on the cards for
a week that Fonterra has put out a statement just
in the last nine minutes saying the co op has
adjusted the full cast range from nine to ten dollars
per kg of milk solids. It's now down to eight

(01:22:59):
dollars fifty to nine dollars fifty midpoint rage nine dollars.
Started the season with eight to eleven dollars per kg
of milk solids. It seems to be the whole milk
price is the biggest corporate here. It's down twenty eight
percent from its peak in May, and not at you know,
asb's lowered at Fonterra sort of narrowed it about three
weeks ago, so not altogether a surprise, but it will

(01:23:20):
affect the earnings coming in twelve away from nine. I'll
tell you what's going to be quite interesting watching next
year in terms of business is watching Novo, which is
the company that makes Wigovi and ozembic, because I mean
this is just like it's been healthy in days for them. Obviously,
with everybody on the devil pen lately, they though, are
losing market share quite massively and they are doing everything

(01:23:42):
they can at the moment to try to claw it
back because their competitor Eli Lilly is making such major
inroads at the moment. It makes its own weight loss
injection called zep bound, and its market capitalization has been
climbing for the last year while Novo's has been dropping,
and if you look at it on a chart, it
is quite stark how much Novo's is coming off and
how much of these guys are going up. What's going

(01:24:03):
well for these guys is that zep bound, if you
take that, you lose your body weight loss is twenty percent,
whereas we gov gets you about fourteen percent. So it's
considerably more so what Novo is doing. And the prediction
is that if it carries on like this, Lily will
control more than half of the global market for obesity
drugs compared with Novo just commanding a third I think

(01:24:24):
in about five years or something. So what they've done
at Novo is they've already booted out the chief executive
this year. They've got two new drug launchers later this year.
One is being able to take goov in an oral
form and a pill, which they think actually will work
quite well. The second one is that putting out a
much higher strength with gov injection, which should be able
to even outcompete Lilies at the twenty percent loss. It

(01:24:46):
has struck deals with Costco and Walmart that are going
to sell its drugs, take it closer to the consumers.
It's dropping its price. It's got a thing at the
moment where if you do it for the first two
months you paid, it's close to half the price, and
then it goes up again. It's changing its pipeline. It's
trying to buy some other labs to be able to
build up a variety of drugs. And it's also gone
hard on shedding the workforce, so it's cut about a

(01:25:08):
tenth of its workforce, which has led to like the
biggest round of layoffs in Denmark I think in Denmark's history. Anyway,
they're calling it, the economists calling it the plan to
rescue Denmark's weight loss pioneer, and next year will be
the tale as to whether it works or not. Ten
Away from nine.

Speaker 1 (01:25:24):
Heather Duplessy Allen on the mic, asking Breakfast with Bailey's
real estate news talks they'd behither.

Speaker 2 (01:25:30):
I've heard your opinion of how Nikola Willis could make
savings cut, the UNI free year, free childcare, all that stuff.
I agree, But a lot of those carrots were put
in place by Labor and ultimately would lose National the election.
And who would we be left with? Chippy and Chloe
Happy Christmas, Linda. This is it's a fair point. I mean,
this is the calculation. This is apropos our conversation with
Nikola yesterday. This is the same calculation Nationals making, which

(01:25:52):
is that they don't want to cut so deeply that
they lose the election. I would say to you they
wouldn't lose the election because if they're still up against
Labor and the Greens and the Maori parties, I feel
like that's squandering the lead. They like, squandering the opportunity
they've gone is they're still a party that doesn't know Lord. Actually,
I can't wait to see what the Maori Party ends

(01:26:13):
up doing. To John Timerhady, it does feel like John
Tamerhead is not having the best year of his life. Hey,
before I forget and I have been meaning to say
this to year. Do you remember Stephen Joyce was in
with us earlier this week, right, it was an here
on Tuesday, and he said energy would be one of
the biggest drags on the economy next year because we
don't have a better year, but it's still the energy
prices are going to keep it low. We have some
measure that's just come out in some cabinet papers of

(01:26:35):
how much of a drag it actually is. Higher prices
energy and security and gas constraints have already cut our
GDP by about one point two five percent, which has
cost US five point two billion dollars already. It's lowered
real wages by one point four percent, it's cut households
spending by one point sixty five percent. And if you
want to know why, it's because wholesale electricity prices have

(01:26:58):
basically more than doubled just in the late as last
eight years, and Demesta gas production is forecast to full
almost fifty percent belowt projections just made three years ago. So,
as per usual, Stephen Joyce was banging on six away from.

Speaker 1 (01:27:12):
Nine trending now with the Squarehouse, the Real House of Fragrances.

Speaker 2 (01:27:23):
Yep, the Oscars. Massive change for the Oscars. For decades
and decades, ABC, which is owned by Disney, has hosted
the Oscars, but the rights of the Oscars was recently
for sale and there was a worry from television networks
that a big tech player would come in and outfit them.
And look, that's exactly what happened. They were right to
be worried. From twenty twenty nine, YouTube has won the

(01:27:44):
rights to exclusively stream the Oscars runs through until twenty
thirty three. No word on the price as of yet.
So life's about to change for you. If you love
the Oscars. I mean, if you love the Oscars, you've
got to by asking yourself a different question, don't you
What are you doing watching that nonsense? But anyway, here's
the thing you can use. Did you know remember this?
Remember this for winter? I'm going to remember this. Did

(01:28:05):
you know if you've got the flu? The best thing
you can eat that would speed up your recovery is
marmite on toast. This is not made up. It's based
on the fact that there is a beta gluten in marmite,
which is a type of fiber that you find in there.
And they did a test and they found that if
they fed people the beta glutens, they reduced the chance
of catching a cold by sixty percent, which is significant,

(01:28:26):
and they also got better faster. So if you're sitting
there going, oh, I don't know what, I don't feel
like eating anything, get your bread. Put it. I mean,
you know you know how to do this. Put the
butter on them, in the marmite, then shove it in
your face. Do you beat your glutens and veg you
might as well?

Speaker 6 (01:28:39):
Or because I can't have mammite it's gross.

Speaker 2 (01:28:42):
Yeah, I don't know. You might just have to look.
I mean, when you congested, you probably can't tell the
difference anyway, So just just get in there, Just do
a tablespoon, wash it down with some water. You'll be fine. Actually,
you could wash it down with green tea, because green
tea is the best thing to prevent the flu. And
this is on account of the fact I know you're like,
how did I not know this before? Katakins, which are
a powerful antioxidant in the green tea, and they reckon

(01:29:03):
that the caddagins basically prevent the flu virus from getting
into yoursels.

Speaker 6 (01:29:08):
But you need to drink beat glutens and your catacombs.

Speaker 2 (01:29:11):
We you the wood make a mockery of this, But
if you drink four cups of green tea in the
winter and then you eat your barmite, you're gonna thank
me later when I'm not making you do weird things
like hosking, like fast yourself twenty three hours of the day. Right,
it's basic stuff you got in your pantry, which you
already eat and drink. So you're welcome for that. You're
welcome to Glenn when it gets you through the winter. Right,

(01:29:34):
last day of the working year for many of us tomorrow,
So let's come back and do it all again. See
you then

Speaker 1 (01:29:39):
Come For more from the Mic Asking Breakfast, listen live

(01:30:13):
to News Talks at B from six am weekdays, or
follow the podcast on iHeartRadio.

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