Full Show Podcast: 18 May 2026

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The newsmakers and the personalities. The big names talk to
Mike the mic Hosking Breakfast with Bailey's real Estate one
hundred percent key we owned and operated news Togs Dead
be Holly.

Speaker 2 (00:11):
Welcome today, Peters off Peace does he suggests buying a
bank that isn't for sale. Big change in the classroom
eight to weeks back, and more resource into primary school
mats today the pms and of course lads to the
commentary box sport after right, Richard Arnold, Steve Price, They
poney up as well. Pasky, Welcome to the week seven
past six. The most interesting thing about the Starmer fight
is what money did over the weekend. If you follow
these things, borrowing costs reach their highest level in years.

(00:34):
Why because Andy Burnham is of the far left, and
the last thing Britain needs is a lifetime or a
lefty running the place broke. It's already got enough deck
to last several lifetimes. Now Burnham has got to win
the by election, of course, Yet in any faces where Streeting,
who tossed his hat in as well over the weekend,
Starmer may well still survive. But none of this is good.
There isn't a single scenario there where Britain emage is

(00:56):
stronger or more stable. And that's before you get to
the bit where of Burnham and Street when they're unelected
prime ministers with a vote not due until twenty twenty nine,
a fatal flow of a five year term, I would
have thought. Meantime, and the other gripping story of the globe,
Donald Trump returned home the loser, surely in the two
way between him and sheep, glass half full. It was cordial,
it was pleasant. Reciprocal visit to Washington is a few

(01:19):
months away, apparently, But nothing real on Iran, nothing real
on Taiwan in order for planes from China under half
what was predicted in some oil sales. It was best
summed up in an article I read that suggested Trump
left an increasingly self reliant China. That one thousand year
game plan they have looks increasingly successful in an ever
fragile world. Next question for Trump is just how many

(01:41):
times can he say Iran better make a deal or
else before we all start rolling our eyes On the
plane home, he said he's now prepared to accept a
twenty year promise on nuclear that would do it. Apparently,
that's a man under the sort of pressure is starting
to panic, isn't he? And where is epic freedom? By
the way, it got paused because progress was so good
on a d Your progress is stalled on the deal.

(02:01):
Where's the escort program for those ships? In these straight
Iran will fould? I'm still convinced to that. I mean,
a deal will eventually everyone will claim a win and
all that sort of stuff. But unlike she, who has
no length of runway problems, Trump does. The prediction markets
have shifted from fifty to fifty. This is on the midterms,
from fifty to fifty to sixty five to thirty five.
And I tell you what, they haven't shifted Trump's way.

(02:23):
As much as he may not want Iran to be nuclear,
my bet is he also doesn't want to be a
lame duck president.

Speaker 3 (02:30):
Who news of the world in ninety second.

Speaker 2 (02:33):
Yeah, they're still trying to work hard to post Beijing
to convince American stuff was done.

Speaker 4 (02:38):
But what President Trump is doing is trying to correct
the malaise in the United States over the last twenty
five years, where we saw some of our strategic industries
hollowed out by the Chinese, and it was an unlevel
playing field that allowed that to happen, and that's why
he's fighting right now to correct our related matters.

Speaker 2 (02:54):
Another of those runoff votes, this one in Louisiana over
the week. In evolving a Republican new Trump doesn't like
versus as a Republican Trump does like the bloke he
doesn't like didn't win.

Speaker 5 (03:04):
When you participate in democracy, sometimes it doesn't turn out
the way you wanted to. But you don't you don't whine,
you don't claim the election was stolen.

Speaker 3 (03:13):
No, you do not.

Speaker 2 (03:14):
And then, of course, what to do with Kea are
the bloke who quit? So Andy Burnham can run as Wyden?

Speaker 6 (03:20):
Can they win back the trust of working class people
that they have been losing for decades. If the answer
to that question is yes, then I think we can
get to a moment of unifying and coming together from
the different traditions across my party. And if the answer
is no, this is existential.

Speaker 2 (03:36):
Lisa is another labor in p with some thoughts.

Speaker 7 (03:38):
I wouldn't write off the Prime Minister, but I would
just say that this is a very personal decision. He's
got to make that decision himself, and I think it's
the job of the entire cabinet to get on with
making sure that we win this by election in Makerfield,
that we have Andy Burnham back in Parliament.

Speaker 2 (03:54):
And Kimmy still pinching yourself as missus unfolding.

Speaker 8 (03:56):
Look at the mess that liber are in now. This
is because they think that winning elections is the same
as running a country. Will add you win Makerfield, that
will show that he can do this or do that.
The country is not being governed. It is governable, it's
not being governed because people do not have a plan.

Speaker 2 (04:13):
The other matter of notice, the Congo has got some
more bowler.

Speaker 9 (04:15):
People in the community said it was witchcraft. Now we
realize the first person fell ill in late April and died.
The body was repatriated to a nearby town. It was
the return of this body to a mining area with
a large population that caused the Ebola outbreak to escalate.

Speaker 2 (04:29):
Finally, Glynn Walsh as busy as we speak. Apparently he's
the seventeen time World Water Cris Eating Champion, so he's
chasing eighteen titles. Competition kicks off water Chris season. So
you got thirty people from around the world who passed preliminaries.
They battled it out to eat eighty grams of watercris
the fastest by way of the yardstick. Oglen did it

(04:49):
last year in fifty eight seconds. Anyway, I assume we're
going to keep you posted and see how that thing
unpolse news the world in mine. Just to point out
that it's important, Burnham is going to be cleared for selections.
So the committee wo blocked last time in Britain, they're
not blocking him this time. So that's encouraging. And just
in reference to that money, the ten year bond in
Britain went to five point one seven. That's the highest

(05:10):
since two thousand and eight. Burnham is the least market
friendly of all the candidates. Twelve past six.

Speaker 1 (05:19):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, Paro
by News Talks Evy.

Speaker 2 (05:27):
Job News globally LinkedIn five percent of their staff. How
many staff they got around the world seventeen and a
half thousand, So you can do the math on that.
One Starbucks in the States, another three hundred corporate employees
to go. Fifteen past six, we generate this Monday morning
on Redsmith Is with us. Very good morning to you morning,
my you s Factories they're they're still pumping.

Speaker 10 (05:50):
They certainly are there. Thanktually have to put came roaring
back in April. So with zero point seven percent, that
beat expectations, reverse marches decline. Manufacturing that was huge. That
was up zero point six percent, So the factory set
this holding up been and expected. Motor vehicle production that
was up to three point seven percent. That was good

(06:12):
as well, and no surprise, Mike Heck doing really really well.
So electronics, electrical equipment that's helped by obviously ongoing AI
and data center investment. Defense that's going well thanks to
trumpy military spinning remains elevated and capacity utilization seventy five
percent high in September, so factories are becoming busy again.

(06:32):
Some of the rebound might reflect company's stockpiling goods perhaps
heed of further tear iff and cost increases, and business
also trying to protect themselves disposed from supply direct destructions
linked to the strait. But yeah, all set to turbo
charge US economic grow from the second quarter does complicate
things a little bit on the inflation fund. Of course,
we've got higher roill prices, we've got rising wages, and yeah,

(06:54):
supply shorders can keep these price pressures sticky potentially. But yeah,
strong business activity and that was also shown the New
York Manufacturing survey as well. So activity in New York
highest level and more than four years delbet times length
and those supplier faility worsened. And also prices both selling
and input going up at the fastest since twenty twenty two,

(07:16):
So a complicated picture they might.

Speaker 2 (07:19):
Speaking of prices petrol NFE surprise here, I guess.

Speaker 10 (07:23):
Yeah, that might be a surprise to million in terms
of the select price and decess so they account for
forty five percent of consumer price in the next basket.
It's that pretty strong indicare of where inflation is heading
and fuel dominated Petrol prices up twelve point six percent
in April one, diesel prices up to thirty seven percent.

(07:43):
Past two months, petrol prices might up thirty four percent.
Diesel that's up almost ninety five percent, So annual diesel
inflation that's running close to those extreme levels we saw
during the Ukraine start of the Ukraine one in twenty
twenty two. And yeah, they're flying over in terms of
those rising fuel costs through this prey transport for this

(08:04):
operating costs and there's also other price pressures. Might electricity
prices up to two point four percent in April than
out thirteen percent annually, Gas prices up ten point eight
percent as well, and Atha is also picking up as well.
Some good news a mic food price as well from
talk about that West flat for the month and they
helped offset some of the border inflation pressure. Grocery prices

(08:25):
are fairly modest, bringing veggies actually down two percent, meet
up eight percent, but over all food inflation that's slow
to two point six percent, down from three point four
So food inflation pressures are easing a little bit. But yeah,
big story, rising fuel prices important, inflation going up. Obviously
exchanger is weak as well. Challenge with the IRBNZ how

(08:45):
long did I look through this? And the squeeze to
economic growth is also something to bouance.

Speaker 2 (08:50):
But next week, of course, warehouse, what's the story.

Speaker 10 (08:54):
When Barbara is still weak but actually did with some
positivity there. So there's sales quarterly with down one point
four percent a million, but same store basis they were flats.
Can say things maybe staying to stabilize, no leaving doing
really well. Actually foot traffic down one point eight percent
average basket size that was up two point seven. So yeah,
I suppose we're making less trips to the shops because

(09:16):
of those fuel prices, but we're spending more when we
go gross margins. They are online sales doing pretty well.
Economic bite back drop, Mike's still very very difficulty. Can
they return to sustainable growth against The big question is
can they win back leadership from CAMA, And that's a
big challenge given the letter scale and supply chain of Varges.
And I suppose also the ongoing speculation where the warehouse

(09:38):
should eventually revisit a grocery strategy. I think obviously regulars
would welcome a third sumer competitor or a strong one.
But and they've got one major advantage their footprint. They
make a lot of the fact that around ninety percent
of New Zealanders live within thirty minutes of the store.
But yeah, groceries low margin, capital intensive, It require a
lot of investment logistics, and'll be able to huge refresh

(10:01):
So yeah, Tom will tell they've ever given that a crack,
But any event, vestors might they remain unconvinced. Stock fell
and have a one point six percent and is sitting
near record.

Speaker 2 (10:09):
Loze good on you. What are the numbers?

Speaker 10 (10:13):
The Dow is down one point one percent four nine
five two six s and P five hundred down one
point two percent seven to four zero eight, and there's
that down one and a half percent two six two
two five fifty one hundred down one point seven percent.
In the UK ten one nine five nick I down
two percent six one four zero nine A six two
hundred down just to Smitge down point one percent six
eight six thirty goal down half percent twelve nine sixty five.

(10:36):
And the currencies US fifty eight point four against the
Kiwi down one point two percent. Against the Ouzi we're
eighty one point seven down point two percent. Which pound
we had three down point seven percent and Japanese gen
ninety two point eight that's down zero point nine percent.
On the upside, Oil again up three dollars fifty one
hundred nine spot, thirty four year Brent gold four or

(10:57):
five forty debts down one hundred and eleven dollars. There
for the push spedal and plenty going this week my
locally card spinning Jerry auction retail sales a dozen companies apporting,
including maybe Port Tower and Turners and office for to
Oro Industrial Production RBA, FMC minutes uscalving starts. Lots of
results in retail's Mike Home Depot, Target and the big

(11:20):
Walmart and also the big one for the tech sector.

Speaker 11 (11:24):
It's in video.

Speaker 2 (11:25):
Fantastic, we'll cover it all. Nice to see you, Greg
Smith out of Generate Wealth and Key. We Saber Specialists
Oscar Brewbery as in, if you're into your fashion, comparable
sales this is globally up two percent, a lot of
growth in America and China ten percent, so they'll take that.
In the Magnum ice Cream Company, potentially for Saless, a
couple of private equad in their names floating around. The
Magnum got spun off from Unile but they are these

(11:46):
days the world's largest standalone ice cream make of their
own Cornetto and Heart Brand and Ben Jerry's and all
that sort of stuff, so they could be for sale,
sort of like the B and Z. According to Winston
six twenty one, here a News Talks.

Speaker 1 (11:57):
They the Mike Hosking Breakfast Full Show podcast on iHeartRadio
powered by News Talks.

Speaker 11 (12:09):
It'd be.

Speaker 2 (12:11):
What three exclamation marks, Mike, what happened to the Warriors? Congrats.
We came over the yeah, yeah, yeah. I was sort
of torn. I wanted to say what I wanted to
say at the start of the show, and then I'm
in this quandary. At the moment, I believe the Warriors
have got to a point where it's no longer necessary
for me to congratulate them on a victory each and
every week, based on the fact that when I started

(12:32):
at Many many Many Mini Mini Many many years ago,
it wasn't a victory every week. In fact, when I
started at Many Mini Mini MENI many years ago, a
victory was kind of an occasional thing that got us excited.
Whereas now it seems to me that we're just so
good and so consistent that we would expect to win
a couple of weeks time. The Panthers will be interesting,
But apart from that, I don't expect us to lose
for the rest of the season. Mindy kiddy, but you know,

(12:55):
we're basically top of the table six twenty five trending.

Speaker 3 (12:59):
Now where house me me him sail on now?

Speaker 2 (13:03):
On the subject to sport that a motor racing for you,
Max has been filling in the off weeks at the
F one at the newburg Ring. So this was the
twenty four hour endurance. He's in a Mercedes GT three
trying to become the first driver since Louder to win
a Formula One and the newburg Ring twenty four hours.
So as team was leading by thirty seconds three hours
to go, car suffers a broken drive shaft and by

(13:25):
the time they got to fix it was all over.
Viral moment is the unofficial theme song goes on like
that forever. Anyway, When Max pass yes Klingman, who was

(13:46):
in a sort of a unique BMW station wagon, he
did this while acknowledging the inevitable, so he's having only
didn't win obviously.

Speaker 12 (14:01):
I had to watch.

Speaker 2 (14:01):
By the way, speaking of motor racing, I happened to
watch two things, funnily enough, at both in Monaco. So
the Formulae was over the weekend in Monaco, and that
was interesting in and of itself, and I saw the
new Jaguar zero one they had heavily camouflaged, but that's
going to be an interesting launch. But then the weekend
before I saw some historic motor racing in Monaco, and
you can see why they went to Monaco in the

(14:23):
first place, because back in the days. These are cars
from the thirties, forties and fifties. Back in the those days,
the cars were tiny, and so tiny cars look normal
round the streets of Monaco. They look in proportion, whereas
if you look at the modern F one car, even
the new one, which is smaller than last year's one,
they look ridiculous. And you can see why Monica has
becomes sort of a talking point. Now, we've got a
lot going on in the world of politics at the moment.

(14:46):
We're buying banks, were adjusting schools, we're introducing maths curriculum. Anyway,
we'll get into the maths part of it right after
the news, which is next to news talks.

Speaker 3 (14:53):
The'd be in a noisy world.

Speaker 1 (14:56):
Hear yourself, think it's the Mic Hosking Breakfast with Vita,
Retirement Communities, Life your Way, news togs Dad be just.

Speaker 2 (15:04):
Quickly if you miss the manufacturing over the weekend fifty
point five, we're still The encouraging thing about that it
is down for fifty two point eight. The encouraging thing
about that is we're still expanding in April, so you're
taking into accounts some of the wall their long term
average for the indexes fifty two point five. Respondents highlighting
negative influences on their business performance sixty three point six
compared with sixty two, so it's not gone up dramatically.

(15:27):
Two of the top five sum indexes in contraction, so
new orders and deliveries but but but but employment the
strongest sub index at fifty three point four, so that's
still encouraging. Also, state side axious are reporting this morning.
Trump's called a situation room meeting for Wednesday our time,
so that's possibly military action back on, so we'll see

(15:49):
where that goes. Richard Arnold shorty twenty three minutes away
from seven, so back here. Busy weekend. In education, new
high school curriculum sees year twelve and thirteen, studying at
least five subjects you need to pass red togain the
lollification meantime, an announcement coming today on primary school maths
students meeting or exceeding expectations. Then our claim has gone
from thirty to thirty six percent, which is encouraging. Gavin

(16:09):
Martin is a distinguished professor in mathematics at Massing University
and as with us, Gavin, very good morning.

Speaker 11 (16:14):
To you, Hi, Good morning, Mike, do you have a broad.

Speaker 2 (16:17):
Observation of what's going on in education with this government
at the moment in terms of the changes, Are they
for the better or not?

Speaker 11 (16:24):
Well, you know this pretty strong evidence that they're significantly
better actually not just better, And you know it's been
a philosophical change about the way we teach mathematics as
much as anything else.

Speaker 2 (16:39):
Those claims in terms of the percentages, if you go
back to twenty twenty three, twenty eight percent gone to
thirty gone to thirty six percent, they claim they are
statistically significant. Is that true?

Speaker 11 (16:50):
Well, yeah, I mean you're moving from thirty to thirty
six percent, right, But those are actual raw percentages. That's
actually a twenty percent increase in performance. But I think
what the numbers are really missing is the human factor here.
Those are data from year six. There are about seventy
thousand Year six students, so we're talking about four thousands,

(17:15):
two hundred or so real students who are succeeding in
maths this year and who would otherwise be expected to fail.
And you know that has pretty significant life consequences. That's
just a year six, but this is rolling out over
the whole system, and of this success persis. There's no

(17:39):
reason to suspect it won't. You know, we're talking many
tens of thousands of students who are succeeding in mathematics
when otherwise failing what and that happens year after year
after year, and so soon but unfortunately, not very soon,

(17:59):
we should be starting to see a real change.

Speaker 2 (18:01):
I was going to say, what, what's a good number,
you know, take a few years out, what's a good
number that you want to see passing?

Speaker 10 (18:08):
Uh?

Speaker 11 (18:09):
Yeah, well, you know, I'm a mathematician, so to be
a pig number. But I think in our high school system,
you know, somewhere between seventy run and eighty percent is
a reasonable target to aim for. So we're probably a
decade away from those sorts of achievements with all the
wind that our back and everything.

Speaker 2 (18:30):
So but that's but that's real. You think, with what
you're seeing going on.

Speaker 11 (18:33):
At the moment, we're definitely seeing an improvement. Hafai. You
can push the improvement. You know, we'll we will get
easy wins at the start, but it's going to get
more and more challenging of course. But you know, we're
never going to get one hundred percent because there are
always obstructions. That's that level of success. But you know,

(18:58):
if we get to seventy percent, man, that would just
be absolutely fabulous. But we're halfway. So it's the ways
to go.

Speaker 2 (19:05):
Good on your Gavin last to talk to you appreciate
Gavin Martin, Distinguished Professor of Mathematics at Massa University. So
that's encouraging the announcement coming today. Basically the word is
there is more resource going into that. There's more where
this came from, right, so to Trump yet another threat
the meeting coming allegedly on Wednesday in the situation room.
Richard Next nineteen to.

Speaker 1 (19:24):
Two, the Mike Hosking Breakfast Full Show podcast on iHeartRadio,
coward By News Talks EP.

Speaker 2 (19:32):
You know what's going on in Tapoonaway Order Retirement village
in Kerry Kerey. Letterboxes are changing. They're very colorful. It's
because the residents Julian Cheryl there have been showing their
artistic flare by painting the neighbor's letterboxes with their permission.
Of course, everyone's into it. I think it's brilliant. They've
already finished eleven. They're armed with a crilic and water
based paint, nifty silicon spray and they're basically giving the

(19:54):
Kerry Kerey village mailboxes a makeover, making them shine with
personality and color, so you can see what a it's
all about. It's about being resident led with r Veda's
residents living life their way, basically thirty four living well
retirement communities across this beautiful country of ours and Arvida's
difference is basically being resident lad. You'll find all sorts
of activities and events and their villages and they're run

(20:14):
by the residents for the residents. You got your pickleball,
got your call thin and got your exercise sessions, got
your line dance and got your art classes, community vegie gardens,
whole host of activities that are unique to each individual
retirement community. Now to find out more about the RBDA
story and read what's going on and the painted letterboxes
in Kerry Kerry, the website is RBDA dot co dot

(20:35):
nzt Arvida Arveda dot Co dot nz pasking OMG Micah Massey,
Professor supporting the government. What the hell? Yeah, I'm glad
you noted that, Mike. Thank you for the interview. As
a mathematician, maths wasn't even taught consistently in some primary schools.
Teachers should focus on students, not their agendas. The interesting
thing not that you would have heard the congratulations coming
from the unions over the weekend. They're still bleeding. More

(20:55):
on that after seven o'clock this morning. But the thing
about maths is as you improve, you can't argue with
it because numbers are number six forty five.

Speaker 13 (21:02):
International correspondence with Ends and Eye Insurance, Peace of mind
for New Zealand listens.

Speaker 2 (21:07):
So very big New America, Richard Donald, very good morning
to you.

Speaker 14 (21:10):
Yes, good morning.

Speaker 2 (21:11):
So we're going back to war of what what's going on?

Speaker 14 (21:12):
Certainly discussion about it.

Speaker 15 (21:14):
It would seem Trump has spoken with Yahu shore going
and as you sat out the security and said for
Wednesday time, Ali Senator Graham is calling openly right now
for more US military operations, Graham saying energy targets with
the RAN should be first on the renewed target list.

Speaker 16 (21:29):
I'm calling to hurt this regime. If you do the
same old thing, you're going to get the same result.

Speaker 15 (21:33):
So yeah, just back from China, Trump is facing that
decision on whether to resume the military strikes. Lindsey Graham
says also that he's made a specific proposal to Trump
recently on how to deal with the enriched uranium buried
under bomb debris in the Isfahan, the nuclear material that
still could be used to make bombs in the future.

Speaker 16 (21:51):
There's another way to do it. I talked to him
about that yesterday. Draw a circle around where we know
it's at. Call it the circle of death. Anybody goes
inside this circle is going to die.

Speaker 12 (22:02):
Well.

Speaker 15 (22:02):
We've been told during five weeks ceasefire that the US
wiped out Iranian military forces. Now The New York Times
is reporting that Iran has regained access to most of
its missile sites, launches, and underground facilities, which are generally
sited in mountain areas. Iran also has restored operational access
to thirty of the thirty three missile sites it maintains.

(22:23):
Along the Strait of Hormuz, where Iran has blocked passage
except for those who pay that two million dollar toll
to lee regime. That Iranian barrier, of course, has been
further blockaded by the United States, leading to fuel supplies
being drastically reduced in so many places. Iran says it
is prepared for any return to hostilities, while the military
options for the Washington team remain pretty much the same.

(22:46):
They can try to force an Iranian surrender, which hasn't
worked so far. Or they could send special ops troops
to go after the very nuclear materials, but that would
require also thousands of support troops as a security perimeter,
and they would bring big risks of troop casualty.

Speaker 14 (23:00):
So this remains a high stakes standoff.

Speaker 2 (23:03):
Yeah, and then you had the voting going over the weekend.
Whether the endorsement still counts, isn't it?

Speaker 14 (23:08):
It does.

Speaker 15 (23:09):
Trump's revenge tour goes on with the ouster of a
top Republican who backed the president on most things, but
only after he voted in favor of Trump's ouster Following
the Capitol riots in January the sixth, five years ago.
Trump has not forgotten. So he supported an opponent to
Republican Senator Bill Cassidy in Louisiana, who's been sucking up
to Trump ever since, and Cassidy just lost in the primary,

(23:31):
has spoken out against the Trump's claim to have been
cheated out of the twenty twenty election. Here's what Cassidy
is saying now of Trump.

Speaker 5 (23:39):
When you participate in democracy, sometimes it doesn't turn out
the way you wanted to. But you don't power, you
don't whine, you don't claim that election was stolen.

Speaker 15 (23:49):
Trump now is going up to Republican Thomas Massey, whose
primary is set for this Wednesday or time, with Trump
posting on social media today that massy quote voted against
almost everything that is good, the worst congressman in history.

Speaker 14 (24:02):
Vote the bum out.

Speaker 15 (24:03):
We can not live with this troublemaker for another two years.
PASSI says, don't learning support financial contributions to his campaign.
That's where his fingers crossed. I guess it's already the
most expensive in history. Here, while on money, Trump is
floating the idea of a one point seven billion dollar
fund to compensate some of the rioters who attack the
Capitol police. Five people died, over one hundred police were

(24:23):
injured in those riots defending democracy. The Capitol police were
The Dems are calling this idea an a legal slush fund,
and even Trump finds it somewhat bizarre that he might
be the one who set up payouts to help himself.

Speaker 17 (24:35):
It's interesting because I'm the one that makes a decision, right,
and you know that decision would have to go across
my desk and it's awfully he's range to make a
decision where I'm paying myself.

Speaker 15 (24:45):
Yeah, interesting is one word for it. Democratic Carzio Cortez
says in.

Speaker 3 (24:49):
Her view of this, it's outright corruption.

Speaker 15 (24:51):
And probably won't happen. But Democrat Jimmy Raskin said today
this the.

Speaker 18 (24:56):
Entire project of the Trump administration is to make him
and his family as much money as possible. He's already
made more than a billion a half dollars being in office.
I believe his net worth is now over eleven point
six billion dollars. We've never seen anything like this in
the history of the United States.

Speaker 14 (25:14):
So Trump politics pays.

Speaker 2 (25:15):
So your Wednesday, Richard Old stateside. I've got more on
that in just a couple of moments. The other thing
to happen over the weekend that you might have missed
Supreme Court. This was Friday, the abortion pill debate, which
has been going on. A state took it and basically
Scotus allows you to access the abortion pill once again
by mail. The Trump Phone is going to start shipping.

(25:37):
The Trump Mobile T one retails for less than two
hundred at Walmart. Isn't quite what they promised originally smaller screen,
less memory storage. But at least it does exist and
it's on his way. As regards Trump making money, let
me come back with some unbelievable numbers in a moment
ten two.

Speaker 1 (25:55):
The Mic Hosking breakfast with a Vita retirement communities.

Speaker 2 (26:00):
So filed with the US Office of Government Ethics were
the Trump trades for the first quarter January February in March.
How many trades did he Well, he didn't make any
bod his investment advices did. How many did they make?
Three thousand, seven hundred worth tens of millions of dollars.
Many of the major companies involved dealings with the administration

(26:22):
of course, hundred pages of documents. That equates to more
than forty trades a day, every single day, And to
quote Matthew Tuttle, chief executive of Tuttle Capital Management, an
insane amount of trades. Then we come to the other
fun fact. This morning, for the first time in fifty years,

(26:44):
there I took about a brain drain. There are more
Americans leaving America out than arriving somewhere between and the
opening Stanza of the year two hundred and ten thousand
and two four hundred and five thousand. They're still finally
crunching the numbers, but somewhere between two hundred and ten
thousand and four hundred and five thousand more people left
America than arrive. For the first time in fifty years,
Americans are bailing on America. Eighty nine percent said they

(27:06):
were leaving for political reasons, Seventy three percent wanted adventure
and growth, Seventy four or fifty seven percent wanted to
save money. Five minutes away from seven.

Speaker 3 (27:16):
Well, the inns are the outs.

Speaker 1 (27:18):
It's the fiz with business Fiber take your business productivity
to the next list.

Speaker 2 (27:23):
Now, not some good news, and I alluded it to
with the manufacturing numbers, but this backs it up on
the jobs front, and we are still hiring. So Employment
Hero this is their jobs report for us this morning.
This has done for more than two thousand businesses eighty
five thousand employee records. As far as last month goes
month on month, we're still up half a percent, So
we'll take that all day long. That's on the back

(27:43):
of the zero point nine percent growth and feb and
the zero point seven percent in March year on year.
Looks even better, sme growth and employment is up eight
zero point eight percent. Not only are their jobs, but
when we turn up, we work longer. The average hours
worked is up two point two percent year on year,
two point one percent compared with January. They're also seeing
eight point four percent more roles for casual employees. Wages

(28:06):
are up zero point eight month on month. There is
an offset there because the Q one numbers zero point
four percent. But all in all, all things consider, because
you're dealing with a bit of the wall there, and
you're dealing with a bit of the sentiment around it.
So it was interesting. I watched Winston's speech yesterday out
Western Auckland. I had a good crowd. Seem to have
a good crowd. They laughed at all the appropriate moments.

(28:27):
He's moderately entertaining. He gave the media a good bashing.
It took a long time to get to the two policies.
The two policies were the one thousand dollars for every
child born in this country. It's one thousand dollars, and
you start as a saber, you become a saverer for life.
It's not a bad idea. It's not a bottom line.
So whether or not it sees the light of day.
I don't know. But as far as ideas go, they're
not original. It's not new this one. But I did

(28:48):
some maths from I'm going to test Winston on the
maths and see how much one thousand dollars? What do
you reckon one thousand dollars is by the time you
get to sixty five to four percent return? Don't go
and do it. I've already done the numbers for you.
Don't go and google it. Dump anyway. More importantly, he
then told us he was going to buy the B
and Z, which of course he isn't. And this is
the great sadness of this election campaign. And we're only
in the latter stages of May. Already the BS is flying.

(29:12):
Do you honestly believe he's going to buy a bank
that isn't for sale? Can he explain to us? And
I'll ask him how you buy something that isn't for sale, unless,
of course, you offer them so much money it's so
good they can't resist. I've got the bank at about
eight nine, ten eleven billion dollars. Where's he getting that
money from? I mean, that's how stupid this is. Anyway,

(29:32):
Winston Peters after the news, which.

Speaker 3 (29:34):
Is next credible, compelling the breakfast show.

Speaker 1 (29:38):
You can't miss It's the Mic Hosking Breakfast with Defender
Embraced the Impossible News talks head by.

Speaker 2 (29:45):
Seven past seven. You can tell the elections already here,
can't you give a national announce some judicial change that
we'll get to in a moment, and you Zeeland first
promised one thousand dollars for each baby born to put
into a Kiwi saber, as well as buying back the
B and Z to merge with Kiwi Bank. Winston Peter's
with us Morning.

Speaker 19 (29:59):
Good morning.

Speaker 2 (30:00):
How much does a bank cost?

Speaker 19 (30:03):
That's a fascinating question. Well, if you look at the
expert announcements over the last few years, it could be
a range of between seven and a half two twelve
maybe fifteen bill possibly much less than that in the
circumstances of the coming.

Speaker 2 (30:17):
Okay, so do the people who owned the beginin Z
know you're coming for them or not really yet?

Speaker 19 (30:24):
No, that's the first announcement we made yesterday. But the
truth is that we began that bank many many decades
ago to try and take on foreign banks. It was mud,
it was usually successful, and then we started having a
privatization which began was selling one third fay Wish wide,
you recall, and on eighty seven then the bank went bankrupt.
The government that they guaranteed to underwrite its ongoing work

(30:49):
and bailed out and an underwrit it's ongoing work and
have a full to sell investigation.

Speaker 3 (30:54):
We never did that.

Speaker 19 (30:55):
We bailed it out, of course, and then we folded
it off to NAB in November of Nay two and
the rest is history.

Speaker 2 (31:02):
Yes it is, and that's fascinating. But nevertheless, I can't
work out how you're going to buy a bank that
isn't for sale.

Speaker 19 (31:09):
Well you sell, do you say to them that this
is a country that bleds internationals. This is like Australia.
We believe that Ned Kelly is not barving himself any
banking news. Even we know they're over charging us, and
that's a fact as well, and we're saying we want
our bank back and we're better pay for it. Now.
You could call it nationalization, or you could call it
just a smart decision that they will make right.

Speaker 2 (31:29):
And so even if they came up with a price,
where would you get the money from?

Speaker 19 (31:35):
Well, you know, we've got the sovereign bank bond issuance
for capacity. We've got a long bedded crown debt arrangement.
If we want to do that, we're gonna have a
ton of trance of in zum fund and ac investment.
This is all there at the moment. In zeal On
funds got eight two billion dollars in it and so
very smart investment. And we're going to keep the Quy
Bank as the capital base and join them together. It

(31:56):
just makes sense.

Speaker 2 (31:57):
Super fund is independent. Would you instruct them to buy
would you?

Speaker 19 (32:01):
No, we wouldn't do that. But the reality is the
super fund has done extraordinary well in some of these years.
It's been the world's leading super fund in terms of
its percentage of savings. But this would make a wise
But this will be very wise. Here's a real point.
When they make one point five more brilliant povert per year,
we'll pay it off in a very short time ourselves.

Speaker 2 (32:23):
Of course, absolutely, this is all fantastic. It's just the
bank isn't for sale and they're not going to sell
it to you.

Speaker 19 (32:31):
Yes, well, the reality is we're not going to have
this country captured by a bunch of neo liberal MPs
or ministers who's sold to carry down the drain. You
can recall what happened last time.

Speaker 2 (32:42):
I know exactly what no no, Jim Balder.

Speaker 19 (32:44):
When and sold it. And then when held Class started
the Quey Bank, she made him head of the bank structure.
And what he said in his avenue speech, he said
in his avenue speech, and he took the job as
the chairman of the board of the of the of
Quy Bank. I've always believed in the Zealands on its
own bank. About then if I should to shoot myself,
I mean, this is just tragic what's going on here.
And we're not going to be captured by this going

(33:05):
into the future.

Speaker 2 (33:05):
Even if I agree with you, that's just a history lesson.
It doesn't address the hero and now. The here and
now is the bank is not for sale.

Speaker 19 (33:14):
Well, the here and now the bank will be for
sale because we tell on tell you NAB, we won
our bank back and we're fair to pay for what
I be reasonable about it.

Speaker 2 (33:21):
Now the NAB is going to tell you to get stuffed.
They're not interested. It's a profitable bank. They don't want
to sell you the bank. It's not for sale.

Speaker 19 (33:27):
List Well, that's the last thing they've been telling you
to do is get stuffed, because reality is the first
thing that does make sure that ripping off New Zealand
people who go to banks, it's not going to happen
after we get in. Make no bones about that. I've
been on this case for four decades.

Speaker 2 (33:41):
Yes, you have. No one doubts your dedication to history.
Now I bet you said, do you want to bet?
I bet you one thousand dollars by the end of
twenty twenty seven, you haven't bought the bank? Do you
want to take that the charity of your choice?

Speaker 9 (33:53):
Go on?

Speaker 3 (33:54):
Here on?

Speaker 19 (33:54):
Just like the last time I.

Speaker 2 (33:55):
Won, Well, you lost the last time, so one thousand
dollars I didn't. I want you know, I like what
I won last timmer thousand dollars to the charity of
your choice.

Speaker 19 (34:03):
You have you to pay over. You took a whole
year to pay over.

Speaker 2 (34:05):
You won't be owning the b n Z by the
end of twenty twenty seven. Is that a bit.

Speaker 19 (34:12):
You've got to remember?

Speaker 20 (34:12):
You know?

Speaker 19 (34:13):
This can be a stage purchase.

Speaker 2 (34:15):
Oh okay, remember that end of wine.

Speaker 19 (34:20):
And the end of twenty seven. A full purchase or
stage purpose has stating place.

Speaker 20 (34:23):
How's that?

Speaker 2 (34:24):
Okay? So all right, by the end of twenty twenty
seven thousand dollars to the charity of your choice. That
sort of made sure.

Speaker 19 (34:30):
I'd make sure I make sure it goes towards our
new fund where when you're born you get a thousand
dollars in your account. You become a key sale from
day one. I'll put your first thousands of out.

Speaker 2 (34:39):
Okay, that's good. I did the numbers. What will you
get if the return is four percent on average per year?
If you give a child one thousand dollars, how much
will it be worth when they're sixty five.

Speaker 21 (34:51):
Eternal?

Speaker 19 (34:51):
Not be four percent? Look, I just tell you, I
just told you we're going to make sure we don't
have the circus we've got at the moment. We're going
to make sure we get the right people banning the
fund so we get the kind of performance that we
have we had when when our Cullen Son was a
world leader.

Speaker 2 (35:06):
So you're now to believe the return on investment, are you?

Speaker 19 (35:11):
Well, nobody would do that, no one but that sense.
But what I can tell you it'll be way above
the night of rate.

Speaker 2 (35:17):
Okay, So at four percent, do you know what it
turns out to be?

Speaker 19 (35:22):
No, I haven't got it at four percent. I've go
heard much harder than.

Speaker 2 (35:25):
What have you got of that?

Speaker 19 (35:27):
Oh, look, we've had I've sat down with the team
and we've looked at the range and so we had
not We're not going to go to public and say
that because we get bound to it anything and that
performance there we're talking about, though, will be marvelous for
the economy.

Speaker 2 (35:40):
Now there's not going to move on. I could stay
here talking to you forever. Winston Peter's the leader of
New Zealand. First thirteen minutes past seven s meantime, I'll
come back to your feedback in the moment. Meentime, the
NATS are promising to scrape good character assessments at the
sentencing for sex offenders. Samira Takave is the VP at
the Law Association and she is with a Samara, good.

Speaker 21 (35:59):
Morning, Good morning, Mike.

Speaker 2 (36:01):
Is this stroke of a pen stuff? Is it that
easy to change or not?

Speaker 21 (36:06):
Look, Mike, there's a bit of a misconception. You know.
The government is trying to tell the public that good
character reference makes a massive difference in terms of sentencings.
That's far from the truth. Judges already don't put a
lot of emphasis on a good character reference unless they
see it as completely relevant. But I think there's a
bigger issue here, Mike. And the bigger issue you know,

(36:27):
I grew up on Iran and defendance rights their conditional
upon a state approval. And my concern is as a
defense lawyer, once a society starts deciding some defendants the
fewer rights because the allegation is emotionally charged, we're going
down a very disastrous road. The policy is quite irrational.
I can see why National is doing it, but I

(36:51):
think what often gets forgotten in this discussion is being
charged with sexual offending can really happen to anyone. The
threshold these days in this country is so low for
laying these charges.

Speaker 2 (37:05):
But there's not about charges. It's about sentencing.

Speaker 21 (37:07):
It's about sentencing. I understand it, but I give you
a bit offerent. I give you an example, Okay, A
sixty five year old man who lived a life, you know,
working honestly, mentoring others, contributing to society without blemish otherwise
suddenly is face a historical allegation and get convicted on
the basis of words against words forty five years ago,

(37:27):
fifty years ago. Are you really telling me that everything
he has done during that forty five years should not
be taken into account. You can have a two tire
approach with sentencing on the basis of the charges or
that you've been convicted of. It's just simply doesn't make
any sense. But I can see why they're doing it
because it sounds politically attractive, but in reality it's not

(37:50):
going to make a lot of difference. And my suggestion
is that they really need to focus on things that
are going to make a difference. Yeah, that's that's what
I think.

Speaker 2 (38:01):
Good on you, Samira, Nice to talk to you, Samira
to Carbig So just me or is it the hell's
going on in this country? That's sake, Mike. Have to
agree with Winston on buying the B and Z back.
It was a travesty that it was ever sold. Also
true with regard to other assets. This is the difficulty

(38:21):
with this conversation. You realize the bank isn't for sale?

Speaker 12 (38:24):
Right?

Speaker 2 (38:24):
Am I literally talking to myself here? Does everybody realize
the bank is not for sale. It's not like it's
publicly listed. It's not like you can just go buy shares.
The bank is a subsidiary of the NAB. They're not
selling it. Even if they were selling it, even if
you fronted and said name your price, pick a number
and they say eighteen billion dollars. What I mean, honestly,

(38:48):
is this what the elects? It's I'm not hanging around
if this is the election campaign of twenty twenty six,
I want no part of this. Sixteen past the.

Speaker 1 (38:57):
Like asking Breakfast Full Show podcast on iHeartRadio powered by News.

Speaker 2 (39:02):
Talk, said, be very good point, mikeel thousand dollars at
four percent after sixty five years is twelve seven hundred
and eighty four dollars exactly. So my point being to Winston,
not that we got to that part of it, is
it solves nothing. You need more than a thousand dollars
not going He was drumming it up yesterday, butt a
thousand and when they're born and your save it for life,
and you're going to end up with a fortune. So
I thought, how much of a fortune you ending up with?

(39:22):
Us about twelve thousand dollars? Just remind him he was
going to be the first one into Pike River. Thank you, Chris,
Mike be and Z would be a better purchase than
near New Zealand.

Speaker 12 (39:31):
That's not the point.

Speaker 2 (39:32):
The point is, by the way, read Ralph Norris in
the Herald this morning. He writes a very very very
comprehensive piece on a New Zealand and its strategic importance
to the country. And he of course wants Randy in
New Zealand, so he knows what he's talking about. I
agree with Winston, Mike. One key we saver for Newborn's
compulsory saving and compound interest. I'm not against that idea.
It's it's not even a new idea. I'm not against

(39:54):
it too. By the be and Z back it makes
perfect sense. No, it does, and Winston Peters looks like
a statesman rather than someone who's just finished his shift
at the stick exchange. Look, that's not for sale. And
we don't have the money, Mike. So the government doesn't
have enough money for hospitals, roads, schools, teachers, nurses. But
Winston says he can find eleven billion to buy the
b and said, just on principle, Mike pumped the money

(40:16):
into qwibank. Well, the problem with that is, of course
that National has already got that covert, so they're already
scoping the market for some local investment. They don't have
the money, but you know investors may well and they'll
be a test to the market and see whether you
want to put your money into Kiwibank so they can
expand to become something that they've never have come up
until this particular point in time. Mike, what's more concerning
is the media's lack of coverage on New Zealand first
position on superannuation. Well, there's nothing to cover. They haven't

(40:39):
changed it, they're not shifting it. At sixty five. You
worked your life. It's an entitlement. You get your gold card.
Never the Twain shall meet. Let me come back to
the education or bits of the education in a moment.
Six twenty seven twenty.

Speaker 1 (40:53):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, how
It by News Talks Evy.

Speaker 2 (41:01):
Tell you this for nothing. Most of us don't realize
how important magnesium is and until you start running low
because low magnesium levels can affect you sleep, your energy,
your muscle recovery, stress levels, even how well your body
copes day to day. So which is why so many
of us atturning to the fabulous element twelve magnesium. This
is from about health, of course, they're the home of
Leicester's premium high absorption formula combines the three bioavailable forms

(41:24):
of magnesium. You got your b vitamins in there as well,
and more are to help support the deep sleep, the
muscle relaxation, the nervous system, health stress, support energy throughout
the day, and right now, for a limited time, you
can save a huge thirty percent on a three and
six month supply. This is the good news if you've
been thinking about trying the old magnesium, this is the
perfect time. About Health dot co dot nz eight hundred

(41:44):
triple nine three are nine. Here's the deal. You'll get
thirty percent off that three and six month supply of
element twelve magnesium. Read the label, take only as directed
by the way. There's no code. They've already applied the
savings for your convenience, t's and c supply About Health
eight hundred triple nine three or nine or about Health
dot co dot NZ pass care now seven twenty four.

(42:05):
Can anyone tell me why? I mean literally, everything that
has ever done in the education space is rejected and
hated and railed against by the union. So have the
education unions ever think about it? Have they ever not
asked for more money, more resources, more non contact time,
while at the same time telling you everything in the
classroom is crap. So the NCEEA changes confirmed over the

(42:27):
weekend into these new certificates. To most parents, eyes are
going to make perfect sense. Of course, anyone who's had
kids through these past few years, these past few calamitous years,
knows full well the old NCEEA has been an abject failure.
The indisputable outworkings are one, we have a swathe of
kids leaving school too early without any real qualifications to
their name. We then wonder why their unemployment rates so high.

(42:49):
And two, those who do leave too many have a
popery of random, eclectic passes that may or may not
mean anything in the real world. On paper, I suppose
having hundreds of choices and vague terms like merit or
achieved probably looked like it made sense, but it relied
on parents and kids having the wherewithal and interest to
navigate their way through a system that in reality allowed

(43:11):
you to take basically at large, to take the pest
for an easy pass a to e you know where
you're at. Being able to actually read and write remains
as important today as it ever was, and a few
basics like science and maths are critical for life as
well as job prospects. But no, no, we hear this
won't suit the students according to the unions. Is it
the students that are worried? Or are they worried about themselves?

Speaker 12 (43:34):
See?

Speaker 2 (43:34):
The more accountable you make the system, the more questions
that get asked about the quality of the teaching and
what's unfolding in the classrooms. Unions hate that all that
accountability is deeply unsettling and of course only ever cured
by wanting more money. Between the old NCEEA and COVID,
there is a generation of our kids in this country
that have been robbed and quite possibly detrimentally affected for life.

(43:55):
They have been let down shockingly. If the unions want
to make up for any of that, some enthusiasm and
a vastly more productive approach to change and improvement would
go a long way to restoring their increasingly tattered reputations. Poscarme, Mike,
the super Fund is so world leadingly successful. Why the
rush to lift the unsustainable age of entitlement? Stephen, That's

(44:15):
a very good point, as the point he made yesterday
in his speech Peters, he said the answer to the
so called cost of super is to grow the economy.
And you know what, I tend to agree with them,
Mike this on last election, You and all the media,
well that's not true. We're trying to force Luxan to
rule out Winston, but he wouldn't. They needed him for
the coalition. He turned out to be one of the
best ministers. His take on the Indian Trade Agreement will

(44:37):
turn out to be true. Do you know what. Listen
to his whole speech yesterday, Mary. Even if his take
on the Indian Trade Agreement does turn out to be true,
it's not actually the end of the world because what
he's talking about, in terms of numbers coming to the
country allegedly is not actually that big. The number is
not actually their high. Anyway, we'll touch on a bit

(44:57):
of this with the Prime Minister, who is but moments
away here on my Cosking Breakfast where News talks'd be
with the News is next.

Speaker 3 (45:09):
No fluff, just facts and fierce debate.

Speaker 1 (45:12):
The My Costing Breakfast with Bailey's Real Estate one d
percent key we owned and operated News Talks Dead b twenty.

Speaker 2 (45:18):
Three minutes away from it. It's Monday morning. The Prime
Minister is in the studio Chrystopher Luxing, Good morning to you, Mike.
How I go the end? I'm very well the announcement
coming today, I'm sure you don't want to ProView it
too much of the primary the resources, the classrooms and stuff.
Does that come? Is their money attached to this, because
at two point one billion, you don't have much left.

Speaker 12 (45:37):
Yeah.

Speaker 22 (45:37):
Look, it's part of our pre budget announcements on education.
We've actually done a very good job of finding you
wasteful money and actually redeploying it. You know, if you
think about the cost of those classrooms at one point
two million dollars when we started, I've got that down
to six hundred thousand. That means you've got more money.
So there's been quite a good program of work actually
in education about identifying back off for savings and then
getting it forward deployed into the teachers.

Speaker 2 (45:59):
So what do we get today, Is it literally more resource?

Speaker 22 (46:02):
Yeah, well we'll talk about that and later on this afternoon.
You would have seen this morning. You know, we've had
some good encouraging, initially encouraging results on our maths program.
We've put a whole new structured mathematics program in place
in the last year and a half. That's more like
a Singaporean or Australian approach to teaching maths. Our teachers
have done an amazing job actually getting that into classrooms

(46:24):
and our kids seem to be responding to it pretty well,
which is good.

Speaker 2 (46:26):
The social cohesion thing that you talked about, it you
speak to last week, what is that about when it
comes to immigrat.

Speaker 22 (46:32):
It's just essentially saying look as well. Actually, I was
trying to say something a bit broader than there's been
some MISSI momentarily, like Winston had got to you, there
is the opposite of what I was trying to say
very clearly, and you and i've had this chat before,
is look, if you think about social cohesion, we take
it for granted that there's going to be social trust
and social cohesion in New Zealand to each other and
with our institutions around the world. It's a major problem

(46:53):
and there's actually some rising pressures on it here in
New Zealand as well. I think if you're going to
be driving broad national security, do you make the z
OEM stronger and more secure? You need need that to
be in good shape. The point I was trying to
make was Look, our immigration system is ammigrants have done
an amazing job. They shouldn't be vilified. They come here,
they work damn hard, they do an incredible job. But
the reason it works in New Zealand is because we've

(47:14):
got a smart, targeted and fair immigration system. And I
think there's a bit of anti immigration sort of cosplay
going on where some politicians are pretending to be Trump
or Ferrage or the pen because we don't have those
uncontrolled well, I think for exactly, we don't have uncontrolled
or illegal immigration in this country. I lived in the
US for eight years. There's thirteen to fourteen million illegal

(47:36):
immigrants inside the US today. In the UK, you know,
they get about one hundred and fifteen people a day
coming over illegally in small boats alone. There's probably a
million folk inside the UK that they think are illegal.
Go look at Germany. They had a million asylum seekers
coming in a single year. So we haven't had that
problem of illegal and uncontrolled migration. Equally, look at Canada.

(47:58):
They failed to link their immigration policy to the economic
story and ultimately to their infrastructure capacity, and they've had
to revisit all of their settings as well. We have
tightened up our settings. Over the last two years, we've
gone from when we started one hundred and thirty thousand
net migration now to twenty five thousand. We've gone from
seventy percent low skill to seventy percent high skilled. And
all I signaling was we're going to continue to make

(48:20):
sure that system has integrity by being well.

Speaker 2 (48:24):
We got the numbers last week is twenty five thousand
ish net gain about right.

Speaker 22 (48:28):
It's been about thirty one thousand average from two thousand
and two to twenty twenty five from memory, So we're
getting it's about right because it's that's the sort of
in that vicinity we can handle that. And everything's linked
to our green list of where we've got job shortages.
And that's why I've reacted so strongly to the Indian
FTA claims about you know, it's just a massive immigration companies. Now,

(48:48):
that's not true. Even so, if you're going to have
a conversation immigration, get bounded on the facts and know
exactly what we have.

Speaker 2 (48:55):
Even if you listened to Winston, which I did yesterday
in a speech, even if everything he says is true
in terms of the people coming in from the it
doesn't strike me as a problem. It's ten to twenty
thousand people on, which is not the end of the field.

Speaker 22 (49:07):
Look, Canada, which previously had an immigration policy of but
in the last you know, probably six seven years, lost
the plot on it, didn't keep it linked to its
economic challenge. That's when you lose it. And that's at
twenty five thousand net migration with average thirty one thousand,
that's been about right. We can build the houses, we
can actually make sure that we've got the vacancies that

(49:27):
we have in the economy field, while also knowing we've
got to get our people off unemployment, out of welfare
into work as well. So you know, I think we've
done a very good job of balancing all of that,
and as I keep saying, we've had a smart, fear
targeted system.

Speaker 2 (49:40):
The White Tangy Tribunal came out with yet another one
of their reports on Treaty clauses. This is with education.
I'm assuming going to do nothing with it on education
at treaty causes within the education system and the adherence
to the treaty within education.

Speaker 22 (49:58):
Look, honestly, I'm over that conversation.

Speaker 2 (50:01):
You know, our schools fine, and they need to be
five any of you paying for them, Well, the White
Tangua Tribunal. Yeah, well, why why are you paying for
them to come out with yet more of this that
you're going to go, Oh, I'm over this. They're inscitled
to come out with their views.

Speaker 12 (50:14):
Yeah.

Speaker 2 (50:14):
But yeah, yeah, but you're funding them.

Speaker 11 (50:16):
We're not.

Speaker 22 (50:16):
We're not we're not making schools. You know, say that
they've got a primary responsible to honor the treaty. Their
primary response is get kids to school.

Speaker 2 (50:23):
Well, most people would agree with you. And you continue
to find the White Tangae Tribunal to the tune of
tens of millions of dollars a year that you don't
have to come out with stuff.

Speaker 22 (50:30):
You know, you go, well, there is there is a
bigger question, as I've said before about the White Tangua Tribunal,
which we'll have to look at, which is actually what
is its role going forward? Whether you are pro the
White Tangier Tribunal or again it, the reality is both
sides would say post treaty settlements, which were increasingly get
just creaking through, what is the future of that?

Speaker 2 (50:48):
So I've asked you about this before and you sort
of this strikes me as something similar to the social
media reform, which struck me as you're not being overly
enthusiastic about it, just sort of can we talk about
that one? No, No, we can't. Well we can, we
can if you answer generalization, if you are if you
asked me properly on the wait tang In Tribunal, this
seems to be one of those things you're kicking down
the road. What work is it? Where's Tarma on this?

(51:10):
He's been at this for two years?

Speaker 12 (51:11):
Yeah?

Speaker 22 (51:12):
Look, I mean the White Tangan Tribunal has had a
role well established in New Zealand. Whether you like it
or don't, know, that's been the role that it's had
for a long time. It started ready with treaty settlements
and even bit before.

Speaker 2 (51:21):
But we're done.

Speaker 22 (51:22):
But well we're not completely done. We've got a few
we're getting we're getting almost done.

Speaker 2 (51:26):
Why aren't we more done? Because they're writing clauses about
what you're doing in education?

Speaker 22 (51:29):
You just they write stuff to us. I know that
you're funding them to do this crap. Well, yes, but
I have to. But we've got a responsibility given how
they've been set up. And all I'm saying to you
is that we have to ask a pretty big question.
When we do it, we have to really.

Speaker 2 (51:43):
Why how has it taken you so long to ask
this pretty big question? How long does Tarma need it's
to ask the question? Well, he is working his way
through it.

Speaker 22 (51:52):
It's important that you know if we're going to make
any changes to the wait Tangan tribuneal and it's remit
as I've as I've said.

Speaker 14 (51:57):
From the beginning.

Speaker 22 (51:58):
When you're closing out treaty settlements, you've got to question
what the role of the organization is going forward.

Speaker 2 (52:02):
Why are you getting stuck into this?

Speaker 22 (52:03):
Well, mate, there's been quite a lot to get stuck
into before we get to this issue.

Speaker 2 (52:07):
Because the social media thing's the same I said to you.
It struck me right from the start. You're not gripped
by this, Oh I am, I am, because you've looked
all around the world and what you found is it
doesn't work. Disagree, complete it doesn't work. And if it
does work, why haven't you done what Australia does. Den
Mark did, no, no, no one else.

Speaker 22 (52:24):
Well, that's exactly what we are doing. We're bringing a
piece of legislation to the House before the election. We've
got a comprehensive piece of work with the legislations being
drafted right now. I hope we get really good by
partisan support for it. I'm a big fan of it,
you know, because when I met Jonathan Hate back in
twenty seventeen or something, and I've seen the mobile phone man, Mike,
you know, cyber bullying is down.

Speaker 23 (52:43):
Kids.

Speaker 22 (52:43):
Attention, classrooms up. We need to put guidelines on our kids.
Why you're doing it because a.

Speaker 2 (52:48):
Whole bunch of country is already beating you to it.

Speaker 22 (52:50):
No, no, no, there's only Australia that's gone off and
actually got it in law and actually got it functioning now,
and it's really from the beginning of this year. We're
coming from different starting points, but we're oftenly going to
get to the same place.

Speaker 2 (53:00):
When it serves on Friday, it's on hole, it's not
on hold.

Speaker 22 (53:02):
No, there's two bits of work going on. You remember Catherine,
we'd had a member's.

Speaker 20 (53:05):
Purse and that was actually that's all she asked for.

Speaker 22 (53:08):
Can you just postpone it and push it down what's
called the order paper, because we've got a more comprehensive
government piece of work underway, that's on track, that's on time.

Speaker 2 (53:16):
So that's the bit that's coming forward, not Catherine's, but which.

Speaker 22 (53:18):
Is correct because it properly done as a government bill
rather than a member's bill. But we need to do that.
Parents want us to do that. Princes want to up
the kids told me.

Speaker 2 (53:26):
You wantus to up. Why haven't you bought the b
in Z?

Speaker 22 (53:32):
Because I don't have a spear of thirty billion dollars
hanging around in a bank account and I don't really
want to go borrow another thirty billion dollars. So that
sounds like a Labor Party policy policy.

Speaker 2 (53:42):
How is it You're in government with the bloke who
wants to buy the big and Z knowing for well,
we're not going to buy the beingon Z and we
haven't got the money. It's not even for safe. We
ain't buying the bad I mean, this is unfortunate, wouldn't
it is? It is completely fanciful. It's not happening.

Speaker 22 (53:55):
It doesn't make any sense, because yeah, for a government
to go out there borrow a heap of moneylet's be
clear how we do it. You can call it sovereign
bonds or whatever the hell you want, but it's all
still borrowing money. It's just fancy words for borrowing more money.
To go borrow thirty billion dollars for the government to
buy a private company to run. That just doesn't make
any sense whatsoever.

Speaker 2 (54:16):
Does it worry you that that's put out there into
the election campaign and there's possibly people who believe that
and it will be part of the coalition negotiations post November. Well,
I just have to be.

Speaker 22 (54:30):
There's other things I'd soon to be doing than borrowing
thirty billion dollars and any money. You know, we've got
a debt challenge as it currently is, and you know
the Greens want to put forty four billion on it.
This would be a thirty billion dollar add to it.
It's just not feasible and I don't understand why you'd
want to do it. What we want to do is
make sure Chemibank's more competitive and actually my Keeybank's the
fastest grown bank in the country and we just charge

(54:52):
them with one remit, which is your job is to
aggressively grow and take the fight to the Australian pain.

Speaker 2 (54:57):
And you think there's enough money out there in the
private sector to be interested in investing to expand, Yeah, well.

Speaker 22 (55:03):
I mean at the moment, because we made some changes
to their reserve bank capital rules. They don't need that
five hundred million that you and I talked about last year.
But what we've also said is, you know, in the future,
if you ever need a capital, don't don't ever stop
growing and taking the fight to the banks, the Aussie banks,
and if you ever need a capital, that's something you
know that you should keep you if.

Speaker 2 (55:21):
You don't think the broad idea that Winston's perpetrating, despite
the absurdity of the B and Z aspect, is keeping
stuff in our control. So you don't think that us
owning keyw WE Bank and US expanding it as opposed
to the private sector expanding it well, or it's not at.

Speaker 22 (55:37):
The moment, Kiwibank don't need an injection of capital. They're
growing well. They've got enough flexibility with the recent changes
to say we're good with capital to be able. I
just don't want capital to be a constraint on their
ability to go aggressively compete with those Australian banks. And
that's all that that letter was saying, a we expect
you to aggressively grow. That's your primary task is to
hurt the Australian banks to if you get a growth

(55:58):
strategy in place.

Speaker 19 (55:59):
We want to see it so we know that.

Speaker 11 (56:00):
You've got a plan.

Speaker 22 (56:02):
And then three keep an eye that down the road
in the future. There was ever a time when you
felt you couldn't deliver on that task of growth and
compet competition, let us not let us.

Speaker 2 (56:10):
Know, all right, appreciate your time, Prime Minister, Christopher Luckxon
thirteen two The.

Speaker 1 (56:14):
Vike Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks.

Speaker 3 (56:19):
At b.

Speaker 2 (56:21):
N no Way from eight every week. Mike Winston's doing
more to make me not vote for him in November
as he's actively trying to undermine luxon and national and
destabilize the government, always to his own glory. To be
fair to him, and once again I'd urge you to
watch the speech yesterday. The beautiful thing about screaming these
days you can watch it all live, You can watch
it all unfolding it, all the nuances, all the subtlety.

(56:41):
He did point out very clearly, very explicitly that this
wasn't a go against all he said yesterday. It wasn't
trying to undermine the coalition. This was politics. This was
him in an election campaign saying here is where we
as a party individually stand. This is not trying to
undermine the coalition. We disagree with National, we disagree with that,

(57:02):
and you're going to see more and more of this.
And this is my great fascination with this particular campaign,
given we've never had an official three way government before.
These three are going to go at each other. It
doesn't mean they can't work together. It simply means that
on certain individual issues they disagree as they should. Otherwise
there wouldn't be three individual parties. Mike tell luxon no

(57:24):
parents want them to bring in the social media band.
Parents want to be parenting their kids. That's not true.
It's completely and utterly not true. A lot of parents
would welcome the ban and the sooner the better, Mike
k never and for those of us who control our
kids or did control our kids and stuff, that's fine,
But there are lots of parents who don't. Mike, I
never thought I would say this, but great interview with
Lux and read the Waitangi Tribunal. It's just a pity

(57:45):
fudged his way through it. I think Lux and Mike
a National's unwillingness to deal with the Waitangi Tribunal as
also the morification issues is one of the reasons why
National isn't polling role, I tend to agree. I think
it's on the margins, though I think that's partially why
Peter's is surged a little bit, if you want to
use the word surged. I think that there's probably two
three percent of people are a bit fixated with the

(58:06):
morification of this country, and that vote shifts or drifts,
and I think it may shift or drift towards New
Zealand First and or Act, and that National may well
pay the price for that are because what they said
they do and what they have done are two completely
different things.

Speaker 1 (58:19):
Seven Towaight the Mike Hosking Breakfast with Defender News Tomstead
Be Mike.

Speaker 2 (58:24):
When is Labor releasing the policies? There is this Hipkins
game of sitting on the fence after the budget, which
is the end of this month, of course, and after
the budget they said they'll start releasing policy and the
pressure will go on them. Of course, Morning Mike. Would
it be fair to say that Winston makes up policy
such as buying the B and Z is a news headliner? Yes,
of course it is. My fear is that people are
thick enough to swallow it, though we were talking off

(58:45):
hear the Prime Minister and I about Luke Metcalf, as
you do. So Luke signs with the Dragons. Poor decision,
but he wants to play football. He wants to get
out in the field. Can't blame him for that. He's
stuck at the Warriors playing second fiddle. But then he's
watching because he's not in the team. He's watching Tannah
Boyd fall labor and that's the end of the season.
Chances are that's the end of the season. So then Luke,

(59:06):
having signed for three years where the Dragons are suddenly game.
We'll hold on. Dragons don't look so good anymore. Maybe
I've got my opportunity for Tana. Does he regret it?
If you were Luke Metcalf, would you be regretting signing
for the Dragons last week? Would you have liked to
hold out? Because you just never know what an injury
do you do? You know what my highlight of the
weekend was sports wise, who was the surfing in Raglan?

(59:28):
Because those pictures got sent out to the entire world,
and my god, Ragland looked good over the weekend. If
you missed it anyway, more sport for.

Speaker 1 (59:35):
You shortly asking the questions others won't the mic asking
Breakfast with Vita, Retirement Communities, Life your Way, News, togs Head,
Ben Sprong, It's no.

Speaker 3 (59:52):
Roon come hasn't.

Speaker 24 (59:55):
Mystery for after the fcs say from the spot in
the issusu you Hayley and final and put the heartbreak
of season one behind them and Chaps the ten.

Speaker 25 (01:00:05):
That over, Jacob, Jacob, give it them PLoud Demoy Flair,
Demoy Blair inside, Paul tap the back of the head,
Oh Brown both points at twelve.

Speaker 24 (01:00:18):
Melvine City can take Lindon jo A Lee Crown deddiction
for Wellington Phoenix that is full five Daddyden Park the
Hurricanes on top of the Super Rugby Letter forty seven,
weekd four.

Speaker 12 (01:00:35):
She worry has been again.

Speaker 3 (01:00:38):
You know the season twenty six.

Speaker 12 (01:00:41):
They've won five in a row.

Speaker 10 (01:00:43):
Well may you say?

Speaker 12 (01:00:45):
I'm the world?

Speaker 1 (01:00:47):
The Monday Morning Commentary Box with Spears Finance, Smart I
Said and Equipment Finance for Kiwi Businesses, Andrew Sable's Will
This Morning mikee Hey Mike, how are you?

Speaker 12 (01:00:58):
You know me?

Speaker 2 (01:00:59):
Jason Lines with This Morning Mate, Good morning Mike. How
long they've been? The Ninja crowd in the soccer what
what's what's going on in the sponsorship there? The ninja crowd?
What's that about?

Speaker 18 (01:01:11):
Is that.

Speaker 12 (01:01:13):
You've come out of left field today?

Speaker 14 (01:01:14):
Haven't you?

Speaker 3 (01:01:15):
What I do?

Speaker 20 (01:01:15):
Mate?

Speaker 2 (01:01:17):
That's the Hosking magic, the just just quickly on the phone,
that is. I mean you can't write this, can you, Jason?
I mean not only in the final and the second
season so good, but you're hosting the finals so that's
all good. Will we win?

Speaker 12 (01:01:30):
Yeah?

Speaker 26 (01:01:30):
I think we will do that. We I mean, well,
I think Auckland FC will win. Yes, I think they
will win. Having Homer Bartage is massive, big crowd and
coming Sydney FC. You know a good team, but but
not you know, certainly not insurmountable.

Speaker 12 (01:01:45):
I think it will be. Would you agree, Jason?

Speaker 17 (01:01:47):
That performance on Friday night was arguably their best in
their history away.

Speaker 12 (01:01:52):
From it home? Yeah? Yeah, meaning to win?

Speaker 2 (01:01:56):
How do you explain that? How do you explain it?
One all, in the first league you think, oh it
could be close, sort of interesting. Then suddenly three Nils,
same side, different so what what what goes on there?
How do you explain that?

Speaker 12 (01:02:07):
Yeah? Well that's sport for you, isn't it?

Speaker 20 (01:02:10):
You know?

Speaker 12 (01:02:10):
How can you explain a lot of what goes on?

Speaker 2 (01:02:13):
That's sport for you.

Speaker 12 (01:02:16):
For you just we should just go there and play
adds for the rest of the second.

Speaker 2 (01:02:23):
Insight, and well that's sport for you.

Speaker 12 (01:02:26):
Yeah, that is sport for you know.

Speaker 26 (01:02:27):
I just think they were they were just brilliant at
taking the crowd of it on on Friday night. They
you know, they clearly had this this plan that they
were going to, you know, just get on the front foot.

Speaker 12 (01:02:38):
The best part of it at two nil up. They
didn't sit back.

Speaker 26 (01:02:41):
A lot of teams sit back at too nil soak
up the pressure and say, okay, come out, ask and
we'll defend this lead. They kept on attacking. Best place
to defend this another one for you guys, Best place
to defenders in the opposition.

Speaker 2 (01:02:52):
Hard that's for one. Jason dead right.

Speaker 12 (01:02:56):
How do we score more if you score more goals
than the other team, you generally went a couple of things, mate.

Speaker 17 (01:03:03):
I think the coach Steve Corriker, I think he worked
a master stroke during the week and that he built
this game up as and everyone's against BAWK and FC
nobody's picking them, which I don't think was entirely true.

Speaker 12 (01:03:16):
But he built this.

Speaker 17 (01:03:19):
Atmosphere around the team, I think, which made them go
into the game thinking everyone was against and they played physical. They,
as Jason said, took the crowd out of it. Thought
they thought that was a master stroke. And secondly, but
both those semi finals were very entertaining games. That second
one on Saturday night, the end of it and then
the penalty shootout at Great Sporting Theater?

Speaker 2 (01:03:39):
Am I correct in saying Jason at two and five
will become one? Is it the second team and the
fifth team or the third team and the fifth team? Sorry, Michael,
was it was it three and five? I'm sorry, I
should direct think it was.

Speaker 12 (01:03:53):
I think it was three and five or.

Speaker 2 (01:03:54):
Two and five, I can't remember. The team came fifth,
and the team became second, and the team that came third.

Speaker 26 (01:03:58):
Yeah, third and fift run first time wind Yeah, yeah,
first time in history the one of the top two
hasn't been in the grand finals.

Speaker 2 (01:04:07):
So yeah, that's the And there's then in the semi
finals they play two legs and then the final they
play one leg. I mean it's like random rules that
sports for you. That'll be sports for you. Jason, congratulate.

Speaker 17 (01:04:17):
So the PRIMI do you think just just do you think, Jason,
the A League either looked at Eden Parks seriously or not.

Speaker 12 (01:04:23):
No, No, No, I really don't think they did.

Speaker 20 (01:04:26):
No.

Speaker 12 (01:04:26):
I think they were always it's always going to be.

Speaker 2 (01:04:28):
Yeah, final question, Jason, Sorry to put you on the spot.
I just thought you were knowledgeable. So final question on
the football, Do if A get the dollars or does
soccer whatever take the lot?

Speaker 26 (01:04:42):
APL takes the money. Yeah, they run the finals, they
take all the ticket. Yeah, they take the ticket.

Speaker 12 (01:04:49):
I just assumed they'd get a fee mic for for playing.

Speaker 2 (01:04:52):
In the You assume wrong, Andrew Jason.

Speaker 17 (01:04:54):
Jason, they get the corporates and and everything else around
the game that the have to take.

Speaker 2 (01:05:00):
That about what happened the second How does that work?
Get rey other sport?

Speaker 12 (01:05:05):
Yeah, I just it's bizarre. I think they're going well.
AFC will obviously push to change the rules in the future, so.

Speaker 2 (01:05:11):
They should odd way to run it. I reckon. Did
you see the surfing, either of you?

Speaker 17 (01:05:16):
Yeah, I thought it was fantastic. I totally agree with you.
Look it's a different wave, it's a different break. Beautiful
pictures coming out, and yes, it is hugely popular around
the world. It's easy to access and the world's best
surfas with you. Either it was fantastic or it is fantastic.

Speaker 2 (01:05:33):
I'm my only concern yesterday was and I was reminded,
having watched a bit of surfing previously, you are so
reliant on mother nature, and you set the clock and
a lot of nothing can happen while you're waiting for
the wave that you want to get. You know, there's
a lot of filling and chatting and yeah, man, and
they all look the same. You notice that every one
of them looks the same. They dress the same. They're

(01:05:55):
all in hoodies, they're all in these boots, they're all
in these flared jeans. They all got yetti bottles. You
notice that. Yet you know the yettie, you know the
drink bottles. They all got the yetties.

Speaker 17 (01:06:08):
You would have been you would have had a lick
at surfing given you, given your builtload.

Speaker 12 (01:06:12):
Of the ground, you would have been quite good at it.

Speaker 24 (01:06:14):
Well.

Speaker 2 (01:06:14):
I was very very good at him.

Speaker 12 (01:06:16):
Good balance. Yep.

Speaker 2 (01:06:17):
Me and Kerry Opa hung for a while.

Speaker 12 (01:06:21):
Who Daniel Carryopa?

Speaker 2 (01:06:24):
Oh yes, I'm catching you guys out left right, and
see it. You didn't go have a drink and have
a break and we'll come back and try and be
experts in a moment. Thirteen past eight.

Speaker 1 (01:06:32):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio, part
by News.

Speaker 2 (01:06:37):
TALKSIP News Talks Me.

Speaker 1 (01:06:39):
Sixteen past eight The Monday Morning Commentary Barks with Spears
Finance Smart Asset and Equipment finance for Kiwi businesses.

Speaker 2 (01:06:47):
Are you prepared Jason to say this is our year?

Speaker 15 (01:06:51):
I am?

Speaker 12 (01:06:51):
I am prepared now I'm in Brisbane. I was here
for Magic Round. It is lucky.

Speaker 26 (01:06:58):
Yesterday was, guys, unbelievable. It looks good on television, but
the march down Caxton Street from the Warriors fans being
in and amongst all that yesterday, this fan base, I'm
an absolute convert now you.

Speaker 12 (01:07:12):
Know they are.

Speaker 26 (01:07:13):
They are the best fan base I've ever seen. And
the team out there, apart from the Tanner Boyd thing
which was just so tragic.

Speaker 12 (01:07:21):
Look the way too.

Speaker 26 (01:07:21):
Mighty Martin came in and now Luke Metcalf with the iron.
You know, well you're playing, Mike, don't you.

Speaker 2 (01:07:28):
Well, of course you playing, But I'm saying, if I'm Luke,
you said in the game bag at can I ring
the Dragons and get out of this because you're in
the Caller.

Speaker 17 (01:07:36):
Although Mike, he's well paid at the Warriors, wasn't it
around a melon? He's getting even more for the Dragon,
So I don't think he's too upset. Do you think
there'd be a little bit of a hangover from some
of his teammates about the way he's handled things?

Speaker 12 (01:07:46):
Very much? So?

Speaker 2 (01:07:47):
Yeah, no, very much. So I don't know that he's
handled I get what he's trying to do.

Speaker 12 (01:07:52):
You think Webster will still definitely start You have to.

Speaker 19 (01:07:54):
You have to.

Speaker 2 (01:07:55):
He's a genius player. He's on your books. You treat
him well. I thought I thought Webster handle him last
week beautifully, And he said, you know, don't give him
very well.

Speaker 12 (01:08:03):
He's pragmatic bloke.

Speaker 17 (01:08:06):
He's very calm under pressure Webster And yeah, I'd imagine
he'll do the right thing whatever it is, mate.

Speaker 2 (01:08:12):
But how good are they? I mean, honestly, and even
because for years have given me a hard time about this,
even you've got to come on at the train now,
don't we?

Speaker 17 (01:08:21):
But for do you think of the Worries ten fifteen
years ago, I've bud lost their superstar halfback in the
first fight and trumbled. Right, And yes, the Broncos had
a lot of players missing through injury, but there's still
the Brisbane Broncos at home in Brisbane, one of the
great rugby league clubs of all time. Right, I killed
them and so to put to put forty odd points
on them and have young guys continually that have come

(01:08:44):
through the Warriors system stand up and perform.

Speaker 12 (01:08:47):
I thought it was outstanding.

Speaker 2 (01:08:48):
What do you do, Jason? You would have pondered this
as you sat there with a four X yesterday. Well,
Ivan Cleary, so you're at the top of your game
and you think, nah, that's about me done. I mean,
how do you come to that decision?

Speaker 12 (01:09:01):
Well, I guess yeah, I don't know. Maybe you do.
Just get to a point where you've achieved all that
you can and you study yourself. Well, I'll pass it
on to the next game.

Speaker 2 (01:09:09):
Why wouldn't you go again?

Speaker 12 (01:09:11):
I don't know, certainly.

Speaker 26 (01:09:13):
Look, I know if I'd reached the top, I'd try
to stay there as long as I can.

Speaker 2 (01:09:17):
But you are at the top, Chase, we all know that.

Speaker 12 (01:09:19):
Don't be modest with us, but it's it's that job
would consume you, wouldn't it. Twenty four to seven.

Speaker 2 (01:09:26):
If so on, I mean, you either want to be
a win or you don't save. I mean, we don't
all work for one news the way you do. I
mean some of us want to work out and strive.
And you know what I'm saying.

Speaker 17 (01:09:35):
Sure, surely you have ten mintal fifteen minutes during the
weekend where you have downtime make and you're not studying
or reading or lining your suits or ironing your undies
or whatever you do.

Speaker 2 (01:09:45):
People do that for people do that.

Speaker 12 (01:09:50):
But what will he do? What will exactly do now?

Speaker 17 (01:09:52):
Because ye, because he needs, he likes family, he and
his family, including Nathan, should come over here and live
here again.

Speaker 2 (01:10:00):
Well, they were already here and we let them go.
That was the problem in there. I mean, you remember
when Cleary was last year actually knew how to kick
a goal between the posts, and then we let him go.
You remember all of that. And Cleary Junior mixed in
with Mary. Mary wants Mary's over in England playing for
Manchester and and and Cleary Junior goes, I know, I
might go play for the Britain And he's not playing

(01:10:21):
for the best side in the world. He's playing there
because his partner's there through a new age, isn't it.

Speaker 26 (01:10:28):
I think, I honestly think it's our Yeah, and just on,
just on Magic Round as well. That yesterday, that game
was obviously at some court that the heart of the
Brisbane Broncos. It felt like a Warrior's home game. It
did not, honestly, guys, it was when the when the
Broncos team was being announced, the audible booze.

Speaker 12 (01:10:47):
It was the guy Exber. I thought you guys were
at home.

Speaker 2 (01:10:50):
The quick question. Actually, Jason, I'm sorry to interrupt there
because I am told my sister in law's there. She
travels to Brisbane quite a lot. She assures us that
Risbone has become increasingly sophisticated over the last few years.
Is she right or off her head?

Speaker 12 (01:11:05):
Well?

Speaker 26 (01:11:05):
I mean that didn't look as sophisticated as perhaps she
would have thought over the weekend, like maybe Magic rounds
a bit of an outline when it comes to that.

Speaker 12 (01:11:15):
I don't know.

Speaker 17 (01:11:15):
But did I hear some where they sold half a
million dollars worth of merchandise at the pop up store.

Speaker 12 (01:11:22):
In the Queen Street Mall. It was on Friday.

Speaker 26 (01:11:25):
On Friday when I went down there, the queue would
have been two hundred long to get into the store.
It was honestly everything this club does at the moment.

Speaker 2 (01:11:34):
You can't argue with that. Between the Auckland, between the
Auckland FC and the Warriors, you've got a couple of
fantastic sides and dire I suggest just quickly sav so
the Hurricanes thrash of the Blues. That's boring. The Highlanders
are out of the playoffs. The Crusaders had to buy
so in comparison, not quite the same.

Speaker 17 (01:11:51):
A no, And I think the concern for Rennie Dave
Rennie after the week you might and know you spoke
to him last week, is that some of us, all some.

Speaker 12 (01:11:59):
Of all black candidates an't playing that well. There we go.
That was from the weekend.

Speaker 2 (01:12:03):
He's a nice guy, isn't he though, Rennie Yep, yep.

Speaker 17 (01:12:06):
But like Webster, I think very calm, very calm, Mike,
very calm under pressure. Yeah yeah, very very well thought
of and very experienced.

Speaker 2 (01:12:16):
Good stuff. I'm still looking the way, Mike. That's what
we call sport, that's what we've sought for you. I'm
still looking at the video. Helen sent me Sam just
to let you know. Have I passed it on to you,
Jason of you dancing at the back of James Rain
Have you seen have you watched it?

Speaker 12 (01:12:31):
But I need to see it.

Speaker 2 (01:12:32):
I tell you what it's a look. I'll flick it
off to you, Jason, no worries. I'll get it through
to you before you hit the cory Land.

Speaker 12 (01:12:38):
Nice.

Speaker 2 (01:12:39):
Nice to see you, Chase, Jason Pine and Andrews Saville.

Speaker 1 (01:12:41):
It is a twenty two The Hosking Breakfast with Bailey's
Real Estate News Dogs.

Speaker 2 (01:12:47):
There'd be if you're look at the smartest way to
boost that homes value in the old market at the moment,
then we got the good idea, and the good idea
is you do It kitchen. So they're celebrating fifty years
they're helping KEII homeowners create that superior quality kitchen, very
very affordable. No one can match you Do It's offer
of quality, customization and fast delivery. They're easy tools that
you customize your cabinet sizes. There's no extra cost for that.

(01:13:09):
By the way, you choose from over thirty five color options.
Once you've locked in that design that you Do It team,
they then go and precision manufacture that kitchen right here
in the country. And this is the best part that
still blows me away. They do it in just seven
days seven days. Everything is dispatched to you all a week,
so you don't need to be a DIY pro either
because assembly super easy. The local DIY experts there are

(01:13:29):
only an email away. They'll help you every step of
the way, and when the housing market's a bit flat,
strategic improvements to your best investment. The magic's in the kitchen,
so get the exact kitchen you want, add the real
value to your home, save thousands in the process. You
do it, U d u it. Their customers are proud
to say I did it myself, asking Mike mortal life

(01:13:50):
and working your guts out things. You don't realize it
until you stop and try. It's fantastic. I don't know.
I don't think so. To be fair, id I means
you only have so much spare time. Champions go out
on top, you don't start losing them leave. It's fair point.
So it's timed it nicely. I guess guys, there is
a ten day calling off period for metcalf. I didn't
know that. Is that true? You're just making that up?

(01:14:10):
Because that's true. I'd seriously be reconsidering more circumstances of
ib him. He's on a winning side and there's one
thing to turn up to a side that now. I mean,
maybe he's backing himself to turn the dragons round. I
don't know, but and three year versus wired. All I'm
saying is I'd be sick and guessing myself at this
particular point in time. Poll out this morning. Budget has

(01:14:31):
not gone well for the government. Angus Taylor is the
recipient of the good news. Steve Price, it's next here yourself.

Speaker 1 (01:14:40):
Think it's the Mic Costing breakfast with Defender embraced the
impossible news talksa'd been.

Speaker 2 (01:14:47):
My favorite stories over the weekend was this goes back
to Queen Street and Aukland. Once again. I apologize to
the rest of the country that I'm talking about Orkham specifically,
but Queen Street's been a famous street in terms of
trouble in the last couple of years. The downtown area
of Auckland has been a famous story in terms of
trouble over the last couple of years. The vagrants to
move on, all is the difficulties, all of that sort
of stuff. Anyway, nol Leaming is returning to Queen Street

(01:15:10):
after four years, so they're running a concept store formerly
the Hellenstein Brothers store. They've been waiting for a tenant
for eighteen months, so one someone's going in to their
paying rent.

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

Speaker 2 (01:15:22):
It's a bit edgy in terms of a concept store.
And I saw an interview with whoever runs no Lemming
these days. He says it feels like Queen Street is
waking up again. So in other words, the resurgence or
rebuild or reformation of downtown Auckland is becoming a tangible thing.
And so I was very uplifted by that twenty three
to nine.

Speaker 13 (01:15:42):
International correspondence with ends and eye insurance peace of mind
for New Zealand business in Australia.

Speaker 2 (01:15:48):
This Monday morning Street price greetings to you. They won't
they can't be surprised, but this poll will not make
for good Monday morning reading for Alvin Easy.

Speaker 10 (01:15:57):
Will it well?

Speaker 23 (01:16:00):
If you're an optimist, as Albanezi tends to be a
lying optimist, but an optimist. Nevertheless, he's probably quite happy
that his primary vote is stuck on thirty one percent
because he looks at the other side of the fence
and there you have the Coalition down one point to
twenty percent. This is primary vote. But then he sees
one nation going up another three points to twenty seven percent.

(01:16:22):
He probably convinces himself that, look, we've put all these
changes on people, on trusts and negative gearing and capital gains,
and we haven't paid the price. Well, that news poll
was conducted between Thursday and Sunday, just gone, so yesterday.
I don't think the budget yet has really sunk in
for general population. Mean, you and I talked about it

(01:16:44):
last week, but were people sitting around on Saturday afternoon
having a cold beer discussing discretionary trusts? I don't believe so.
So he would be reasonably happy that that's not given
him any grief. But I think the opposition would be
the ones that are really worried. I mean, I've got
to tell you. People I've spoken to over the last
week are saying, well, I'm moving to New Zealand. I mean,

(01:17:07):
this is clear that for people who particularly live in Victoria.
I mean, we were all staggered and I didn't notice.
I should have known this that you don't have stamp
duty on buying prop No, No, we've.

Speaker 2 (01:17:16):
Never had stamp duty. Let me tell you how it works.
It's an interesting story because I read an article in
your media that said you're walking into the trouble that
we just faxed. So under the previous government, the Labor government,
they took away tax deduction from rental properties. And what
happened at that particular point is obviously everyone bailed out
of properties and rents went through the roof. And then
this current government put them back to put tax deductibility back,

(01:17:39):
and rents have settled. In fact, they've gone down a
bit and continue to go down a bit, and they've
settled down to the point where you can probably argue
that being a property investor is not that good a return.
But nevertheless they brought the deductibility back, and so what
you're going to do is see an exodus of people
who invest in property. Not the number of houses you
need aren't going to be built, and your rent's going
to go through the roof. Now I'm assume Albanezy would

(01:18:00):
argue that's not what he wants.

Speaker 23 (01:18:03):
Well, no, he sold this budget as intergenerational fairness looking
after young people. I don't know how having rents go
through the roof looks after young people. Paul Keating tried
this back in the early eighties, did it for a
year and then realized it was such a mess that
he had to do what your government has now done
and reversed the decision and went back the other way.
So it's going to be very interesting to see what

(01:18:23):
happens because people are just kind of bail out of
investing in properties because it's just not going to be
worthwhile and they are going to look to put their
money in other places. One of the biggest issues with
the whole thing of that budget is the change to
the discount on capital gains, which was fifty percent that
I'll now settled back at thirty percent, and people who
have now started to wake up that includes everything that's

(01:18:45):
on shares, superannuation, the whole box and dice and so
that's not going to be popular.

Speaker 2 (01:18:51):
Do you I'm open to correction on this. I don't
think we do it. But I was reading also the
other day that like, if you click burke and bags
and art and flash wine and stuff, you get taxed
on that. Do they ever chase that down? I mean,
if you've got a Burken bag and you sell it,
does anyone from the idea of ever ringing up and
go notice Steve, you sold your burken bag the.

Speaker 23 (01:19:10):
Other day, Well, they see your income, I mean, so
they find out why you've got to declare what you've sold.
I mean, if myself gold or shares in my superannuation,
They're going to certainly chase the capital games that I've
made on that. There's no doubt the ATO is going
to be onto it.

Speaker 2 (01:19:25):
Absolutely interesting. I was watching Scott Morrison turn up the
other day for a statue and his observation was that
when he was Prime Minister he was a different shape
and size than he is now, which is sort of
I don't know whether that's a good or a bad thing.
Good for his health but bad for the statue, because
the statue doesn't change forever, does it.

Speaker 23 (01:19:42):
No, it does. In the spring of statues, Daniel Andrews
the most hated Premier Victoria has ever had because he
served over three thousand days in office. Thanks to a
former Premier, Geff Kenneth, he will have a statue cast
in bronze that will be placed outside the Premier's office
in Melbourne. And this is gonna and this has been
talked about for a long time, but there was a

(01:20:05):
dead cat bounce announcement by the government on Friday, which
I fell into. Rather than criticizing the State government over
the corruption within the Big Bill projects, which had been
revealed in a committee meeting, we all fell for the
fact that now this statue has actually been started, so
being done by a sculptor called Peter Corlette, who did
a very famous statue of where he dune up a

(01:20:27):
famous Australian soldier way back when so Dan Andrews in
bronze hundred and thirty four thousand dollars. And it's already
been made and it'll be completed before the election comes
around in November.

Speaker 2 (01:20:39):
There's something weird about it, don't you Reckon? I mean
Winston Churchill, Yes, I get it, but some clown who
was there you know what I mean. I mean, honestly, it's.

Speaker 23 (01:20:51):
One of all the people you could put up a
statue to. One very famous ex footballer said forgive some
of this language, but said over the weekend, if we
then charge a dollar for everyone to go and pee
on the statue, we could retire the state government debt.
It's not a bad idea.

Speaker 2 (01:21:08):
I love it. And then you come to your rainbow
tick jobs. I mean, honestly, Victoria has never looked more
appealing to me.

Speaker 23 (01:21:15):
Yeah, Victoria's funding diversity and Inclusion advisors on salaries around
two hundred thousand dollars. The Equality advisor on the Big
Build project will be tasked with ensuring more Victorian services
earned a rainbow tick while helping to deliver the state's
ten year Lgbtqia Plus strategy. I can only say that

(01:21:39):
because I'm reading it. The strategy involves increasing the number
of people on government funded major transport infrastructure projects who
either identify as Indigenous or from the lgbtqu I think community.

Speaker 11 (01:21:52):
Unbelievable.

Speaker 2 (01:21:53):
All right, mate, we'll see Wednesday. Appreciated Steve Price out
of Australia. That pole. By the way, come back on
the numbers on the CGT and the Disabili service, which
is their equivalent of a SC because the numbers are interesting.
Fourteen to two.

Speaker 1 (01:22:05):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 12 (01:22:10):
At b.

Speaker 2 (01:22:12):
Removal of the CGT are thirty six percent supported removing
the fifty percent CGT. In Australia. Twenty one percent of
post at forty two percent were undecided, which I found interesting.
That's a very that you have something as substantible as
that and you've got no opinion on it. The National Disability,
which is their equivalent of acc got hoed into in
a major way. That was backed by thirty nine percent

(01:22:33):
of post by twenty four but thirty seven over a
third of Australians in an other view, Sleep of the Wheel.
The Real Review Winery of the Year awards are out
this morning, just released and bell Hill in Canterbury is
the is the They listed the top five, so it's
Bell Hill, Canterbury, Felton Road, which is my favorite. Profits
Rock Balancia and they make a sensational Surah Balancier in

(01:22:55):
quartz Reef in the top five four thousand winds as
that what they taste. As far as this lot that
consider the Real Review Winery, they took it up. It's
just I don't know whether they're any more or less
reputable than anybody else. Best in class. The Sparkling went
to Cloudy Bays Pelorus, which is quite good. The Neudorf
Home Block Motory, Chardonay. That's the White of the year.

(01:23:18):
The Red of the Year is the Boone Cottage Sabine
Selection Pen and on the Boone Cotage make a sensational
pen and war several different sorts of pen and wa.
Any of their pen and wars is fantastic. But the
Sabines for twenty two is the red wine of the year.
The Chateau. This pains me to say this, but the
Chateau Garage Lulu Rose is the rose wine of the
year and the gray wacky Buttritus pino gris is the

(01:23:43):
sweet wine of the year. I'd like to think that
they the betritus as regal as opposed to sugar up,
but I'm sure you'll let me know that. So those
the awards. If you have bound at the soupermarket of
the bottle shop and you want something flash those you
win us for another year. It is eleven away from nine.

Speaker 1 (01:23:57):
So my cosking breakfast with Vida. Retirement Communities News togs headb.

Speaker 2 (01:24:02):
Now Heartland Bank is New Zealand's leading reverse mortgage provider.
Of course they've helped over twenty six thousand kiwis in
their retirement, which is good stuff. But what is a
reverse mortgage? How does it help you? So these are
good key questions. So reverse mortgage is a loan that
unlocks basically the equity in your home. Right, let's you
spend some of that equity without having to sell or
move away. Customers use their reverse mortgage to fund anything

(01:24:24):
you want really home renovations, consolidate and pay off some debt,
maybe healthcare, upgrade your car, travel, lots of things, anything
you like. Total of man you can borrow. It depends
on a few factors, including your age and the value
of your home. Heartland Bank safeguards, by the way, mean
you can stay in your home as long as you choose.
You don't have to own more than what your home
sales for, so that's important. So if you're over sixty,
unlock those possibilities of your retirement with a Heartland Bank

(01:24:46):
reverse mortgage. Now here's the phone number you talk to
the people. Ask some questions. They've got the answers eight
hundred four double eight seven four roh eight hundred four
double eight seven and four h online if you want
some more details. Heartland dot Co, dot MZ and Heartland
Bank Responsible lending criteria, Teason's season bees.

Speaker 3 (01:25:04):
Apply trending now quit cheers. Warehouse aren't praised by it
would sale on now.

Speaker 2 (01:25:10):
The Hits is a radio station. The radio station plays records.
It's to be found downstairs, specifically the John O, Ben
and Meghan breakfast show.

Speaker 27 (01:25:19):
We've got beef. We have beef with another radio station.

Speaker 20 (01:25:22):
Now, Ben, he's not going to be happy to ride
back to beef tomorrow morning.

Speaker 27 (01:25:25):
No, he doesn't like any confrontations.

Speaker 20 (01:25:27):
He's not gonna like it, and he's particularly not gonna
like it with probably the biggest dog in broadcasting, Mike Coskin,
who's in the same building as us. He's upstairs on
a better level with a better class of broadcaster.

Speaker 27 (01:25:40):
He's got a window and a view and an incredible studio.

Speaker 20 (01:25:44):
He can look down on us, the poor people, his minions.

Speaker 2 (01:25:48):
So, by the way, it's the John O and Meghan
show because Ben isn't even there, because Ben's in Brisbane
at the Magic Round. So I just wonder if that's
part of their problem. But just saying anyway, it all
goes back to what I said on Friday Luke Metcalfe.
I'm what's he gone and done? He's gone to the dragons.
You don't go to the dress like me going downstairs

(01:26:09):
and working for him the heads. What's the I mean,
what's going on there?

Speaker 24 (01:26:14):
Anyway?

Speaker 2 (01:26:14):
You have an awesome weekend we'll see you Monday. So
that was me day. There was me signing off on Friday,
just to passing anyway. Their response this morning with a
happy day.

Speaker 20 (01:26:23):
Happy Days, a depressing countrying song, country song playing in
the background.

Speaker 28 (01:26:27):
A couple of things. He had to say downstairs, we
are downstairs.

Speaker 2 (01:26:33):
I mean he's not right beneath him. The worst part
Megan doesn't even understand the problem. I don't think.

Speaker 27 (01:26:39):
Also does he mean, like what's going on there with
Luke or with us?

Speaker 20 (01:26:43):
No, with Luke, he's like leaving this really good organization
and going to a far inferior organization, insinuating why would
he leave the greatness of news talks. You're being come
down to the dridges, the sludge of New Zealand radio
here at that.

Speaker 2 (01:26:56):
Yeah, I can tell you it's a sad day when
John has to explain stuff. I know John O quite well,
and Johno's not the sharpest tool in the box.

Speaker 24 (01:27:06):
There was.

Speaker 2 (01:27:07):
This was their solution to settle this.

Speaker 20 (01:27:10):
Does this mean that we should get hosking down to
do it when he finishes show at nine to do
an hour with us between nine and ten?

Speaker 28 (01:27:16):
Can you actually see that happening? He's not coming down.
He doesn't ever stop at this level.

Speaker 20 (01:27:22):
No, to be fair, he works really hard. He gets
in it like two in the morning, and nine oh
one he has gone. He's gone. He jumps in that
Maserati and luxury vehicle, runs over anyone in his way
and does not look back.

Speaker 2 (01:27:36):
It's true anyway. Johno then realized that, well, he tried
to sort of make up for it at this point.

Speaker 20 (01:27:45):
If they're having beef with Hosking, he's always going to win. Yeah,
how are we going to How are you ever going
to compete with Hosking in a beef battle.

Speaker 28 (01:27:52):
Look, he's got he's just a number one. And I
just appreciate us and we're there on his lips. Yep,
I appreciate Hav'm giving us a shout out.

Speaker 20 (01:28:03):
To be honest, Yeah, I'm surprised you even knows the
station's a thing. You're right, he did, right, So we'll
take it as a compliment.

Speaker 2 (01:28:10):
Can I just make an observation as a season broadcast?
And none of that was interesting radio? I mean as much, honestly,
as much as I love you guys talking about me,
talk about me all you want, but really there was
a bit boring. I mean that I mean, what time.

Speaker 18 (01:28:22):
Was that on?

Speaker 2 (01:28:22):
Was that ten to seven? Peak time? You burnt your
peak time radio audience? Boring, your boring your audience with me?

Speaker 11 (01:28:30):
Goodness sake.

Speaker 2 (01:28:32):
I feel like I could probably pop down for fifteen
or twenty minutes, just give them a few pointers. Um,
what's tomorrow after eight? Oh, we're going to do that?
Oh I are you confident of that? Okay? So anyway,
the guy We've got on Tomorrow after eight is quite
good because I watched some of it over the weekend.

(01:28:52):
Just before I forget by the way Rivals, which I
did preview last week, I watched three episodes of the
twelve Have Dropped on Disney. Superb, absolutely brilliant. Have you
haven't watched the first series? Watched that? You love it
or you hate it? Stanley Tucci I discovered by accident
on National Geographic, which is also on Disney, and his

(01:29:13):
second season of The Italy Thing there it's just gob
smackingly beautiful. Anyway, back to the Guy we got on
Tomorrow after eight, there were some technical issues that I
was a bit confounded by and think this is going
to be have we sorted those out? Okay, So we've
sorted those out and he will definitely be there at
eight tomorrow, Willy Okay, wait till you hear who it

(01:29:34):
is tomorrow. After eight, it's going to be. It's better
than John O and Benno anyway, Happy Days.

Speaker 1 (01:29:39):
For more from the Mic Asking Breakfast, listen live to
news talks that'd be from six am weekdays, or follow
the podcast on iHeartRadio

All Episodes

Episode Transcript

Popular Podcasts

Hey Jonas!

Stuff You Should Know

Las Culturistas with Matt Rogers and Bowen Yang

.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Full Show Podcast: 18 May 2026

Episode Transcript

Popular Podcasts

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}Hey Jonas!

Stuff You Should Know

Las Culturistas with Matt Rogers and Bowen Yang

All Episodes

Full Show Podcast: 18 May 2026

Hey Jonas!