Full Show Podcast: 18 September 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
New Zealand's voice of reason is Mike the Mic asking
breakfast with Bailey's real Estate covering all your real estate
needs news Tog's head be.

Speaker 2 (00:09):
Billy, You're welcome GDP day as we race for Q
two and what we hope was the worst of it,
had we got a scam with the tourist Levy, Big
chunks of at being banked, not being spent on things
like conservation. New stats that show youth offending us down
big time. Jacob Douglas, you'll like another new motorsport talent
to look out for his story after right jos and
Italy rodders watching Trump watching parades, asking welcome to the day,

(00:31):
seven past six. Important to remember, of course, that today's
GDP number is about things that have come and gone
months back, when we were discussing how tight it all felt,
how quiet it was. It will be proven today we
were right. The ongoing irony being, of course that as
we discussed that, as we saw it felt it, the
Reserve Bank was asleep or blind or had their spreadsheets
outside down because in May they were holding rates as

(00:53):
though nothing was going on. Oh, they were telling us
they'd done enough. They were telling us rates had come down,
the flow through effect was on, and things had settled wrong, wrong, wrong,
and wrong. So the Reserve Bank forecast is for zero
point three to the negative. Other banks have anywhere between
that and about zero point five backwards. Either way, going
backwards is not good. It's generally accepted that post that

(01:13):
period ie July, August and September, the period we're currently
wrapping up, that things have improved, but by how much?
And if you look at some of the live GDP
reads in the latter part of this current quarter, once
again things seem to have slowed. They have possibly gone backwards.
Given that, it beggars belief that the Reserve Bank won't
be rapping the year with their final two decisions as
both being cuts, and you can only hope that someone

(01:34):
there here is the call for the bigger cuts of
fifty points. But rubbing up against the cold hard data
are the politics of this. The government will be fast
to tell you that Q two today's numbers go on,
better days are ahead, Whether they are or not. They
will worry about Q three another day, But this week's
poll on the economy has got to start to be
a worry. A decent chunk of the country blames this

(01:55):
government for the current economic malays. They shouldn't, of course,
but apparently they do here and now the butt's too much. Yes,
who do I hate for this luxon? That's how myopic
thinking goes. But the myopic thinker has the same number
of votes as the educated one. You might argue, I don't.
But you might argue that the labor plan of asking
the government every question time about the economy, whether it

(02:16):
be the people who have left the country, jobs that
have been lost, or the prices that have gone up,
asking them as though it's their fault, has been in
fact a stroke a political genius. Say it until it sticks. Basically,
if logic drive votes, this government will be fine. But
logic doesn't. A bad Q two they can live with
a bad Q three. That's a whole new story.

Speaker 1 (02:37):
News of the world. In ninety seconds, the.

Speaker 2 (02:39):
Charm offensive has begun. The red arrows. Then some inspections
and walkings and royal stuff.

Speaker 3 (02:50):
It's fun for the king to show these objects to
the president, and the President I think be very interested
to see these objects. Also, there are letters from George
the sixth to the king's mother, Queen Elizabeth the second,
when she was a girl.

Speaker 2 (03:08):
I mean, big day, big day. They've just cut the cat.
They reckon. There's two more to come before the end
of the year. But they've still got their critics.

Speaker 4 (03:15):
If they cut twenty five now there are three months
too late. Now, what's the consequence of that? The public
all over the country has small businesses that can't get
funding and mortgage rates that are too high.

Speaker 2 (03:27):
Meantime, the Senate Committee on Health was hearing from Susan Manaries.
She was the head of the CDC until Arry Kay
told us to do a whole bunch of stuff. She
wasn't going to do.

Speaker 5 (03:35):
I responded that I could not preapprove recommendations without reviewing
the evidence, and I had no basis to fire scientific experts.
He told me he had already spoken with the White
House several times about having me removed.

Speaker 2 (03:50):
And we have a course of the war. After yesterday's report,
Antonia has not finished.

Speaker 6 (03:54):
We have seeing massive killing of civilians.

Speaker 7 (03:58):
This is something that it is morally, politically and legally intolerable.

Speaker 2 (04:06):
Ben Yamen, talking to his people, ain't giving up now.

Speaker 6 (04:10):
And if there is one lesson we've learned from this war,
it is that we want to be in a situation
where we are not restricted. Israel must defend itself with
its own forces and its own weapons. That's why we
aim for security independence.

Speaker 2 (04:24):
Finally, we've got a five day IS show set to
begin tomorrow in China. They will be showing off their
new electric vertical takeoff and landing vehicles, otherwise known as
flying cars. Unfortunately, during the rehearsal, a couple of these
flying cars crashed into each other, injuring one of the
pilots and causing the other under burst into flames. The
companies you pen are claims have happened because quote unquote
of insufficient spacing, despite the fact that there are only

(04:47):
two cars flying at the time. This is all part
of China's plan to build what they call a low
altitude economy. This is taxis and drying deliveries, all operating
below three thousand meters use the world in ninety are
UK inflations sticking not good for three point eight cars
three point six, so they don't like the look of that.
Japan exports slowed, but they slowed less than they thought,

(05:08):
so in this weird old world that passes for good news. Apparently,
twelve past six.

Speaker 1 (05:14):
The Mike asking Breakfast Full Show podcast on iHeartRadio, how Offy.

Speaker 3 (05:20):
News talksp.

Speaker 2 (05:23):
Mortgage rate three year low in America, you can get
a thirty year fixed at sixty one to three. So
they we'll be I think excited about that, but you'll
note it's worse than us. Just quickly. The TikTok deal
which Trump is going to sign off was on Saturday
our time. One of the investors is Oracle. The other one,
and this is interesting for us, is silver Lake. Where
do you know the name? All Blacks fifteen past six

(05:46):
by Welt Andrew Keller had good morning, Yeah morning, Mike,
So Jerome to the party.

Speaker 7 (05:51):
Yeah, so fed announcement which has really very much just
come out. So we went into this expecting a quarter
of cent rate cut. We also went into its expecting
that there was going to be a bit of dissension. Look,
before we get into the detail, it's probably one of
the I think one of the most interesting and contentious
backdrops that I can remember having seen to a Federal
Lope Market Committee meeting. I mean, we had two people

(06:13):
on there, Lisa Cook, who got to retain his seat
despite Trump's you know, fairly fairly striding attempts to remove
her from that committee.

Speaker 8 (06:21):
But he got his plant.

Speaker 7 (06:22):
He got Stephen Moran in there into the meeting and
was sort of expecting him to pitch for a fifty
bases point cut. We were also expecting the labor market
to be the sort of key factor. What we got
a zero point two to five cuts.

Speaker 9 (06:34):
So that was as.

Speaker 7 (06:34):
Expected, and Stephen Rand did in fact dissent, and Mike
he didn't just dissent. He went off the radar, which
I'll go into in a minute in terms of their
comments downside, risks to employment has risen, job gains have slowed,
so they really emphasizing. I think we'll hear more of
that from Jerome Powell in quarter of an hour when
he has the press conference. They said inflation remains somewhat elevated,

(06:58):
and if we sort of look at the dot plot,
the median forecast now for two more rate cuts.

Speaker 2 (07:03):
But this is when it starts to get interesting.

Speaker 7 (07:05):
One official didn't want to cut the rate at all.
Six wants no more cuts from now onwards. Nine want
two more cuts. One individual, which we can have to
assume is Stephen Muran, wants five more rate cuts between
now and Christmas. And so I mean, it's just bordering
on the ridiculous.

Speaker 2 (07:24):
Really, so core inflation three.

Speaker 7 (07:27):
Percent next year. They are actually saying that cor inflation
will go up a little bit two point four to
two point six. Unemployment rates still forecast at four point five.
They've got growth going, They've got growth in twenty twenty
six going from down slightly downslightly.

Speaker 10 (07:43):
You don't have those numbers right now.

Speaker 2 (07:45):
Five members want to go below.

Speaker 7 (07:47):
Three percent down the road in twenty by twenty twenty seven. Look,
by the real for me in this what we're seeing here,
the real long term danger being signaled by what we've
seen is by this unfettered stance that's been taken by
the Trump appointee. I think this has serious long term
implications for the independence of the Fed beca. You've got

(08:07):
people going in, you've got put something that's gone on
to this committee that is said no, look, I'm going
to try and be reasonable, but a complete outline, I
mean so far away from the general consensus that it
raises concerns that if you get more plants in there,
the independence of the Fed to me starts to come
under under scrutiny. Markets reacted positively, but they're starting to

(08:31):
come back a little bit. We have seen US dollar
get a little bit weaker, so Kiwi dollar is a
little bit stronger. But we now wait for the six
thirty press conference when we get a bit more detail.

Speaker 2 (08:42):
We'll have some of that for you shortly back home.
Ninety point nine is still not good.

Speaker 7 (08:46):
Yeah, So yesterday saw the release of the Westpac McDermott
Miller Consumer Confidence So this up to day Dart. It's
September quarter, it's not high frequency as a quarterly report,
and economic confidence remains in there was soggy. Yeah, the
index edge down zero point three point. It's ninety point nine,
still below the historic average on this which sits at
ninety nine, So below one hundred on this on this

(09:07):
index means that there are more households that are pessimistic
about the outlook than those that are optimistic. And I
looked at this with some degree of sort of contemplations
that we're actually basically slightly pessimistic people, aren't we because
the long term average is ninety nine. Look, it's also significant,
Mike that the survey would have happened after the RBNZ
moved the official cash rate lower and indicated further cuts.

(09:29):
So we've got this lingering softness and consumer confidence. That's
despite the falling interest rates and the factors weighing on
that have been well documented. Softness in the job market,
increasing cost of living, you know, soft residential housing market.
It's not just the headline confidence number here. We've got
other measures. They haven't really budged yet either. In fact,
your expected financial situation people respond to that. It weakened

(09:52):
a little bit. Look, we've still got interest rate cuts.
They're still flowing through the households. Still roughly fifty percent
of fixed rate loans that repriced in the next six months.

Speaker 8 (10:01):
They'll be repriced at the lower rates.

Speaker 7 (10:03):
But as we've said before, that booster household wallets is
been tempered by increased costs for food they're at five
percent and other essentials. Mike, my final comment on this
will be the survey show the concern about financial pressures
is widespread and it's particularly acute for households on lower incomes.
So I think this political significance and this result exactly

(10:24):
Actually one final more comment, one final comment. Yesterday I
talked about the Big City. I said something might be
stirring in the Big city because the days to sell
for houses had fallen four days in Auckland in this survey.
Who's the most upbeat place in the country Auckly blooming Auckland.

Speaker 9 (10:40):
Yeah, yeah, get that.

Speaker 7 (10:41):
So maybe it's happening.

Speaker 2 (10:43):
I'm telling it. It's stirring in the market, believe me.
Can we let's come back to the current account tomorrow
because we don't have time because this revision things. Something's
gone wrong here anyway. What are the numbers for now?

Speaker 7 (10:53):
So right as we speak about it, the Dow Jones
sort of kind of went up quite a.

Speaker 2 (10:57):
Bit, and it's come back a little bit.

Speaker 7 (10:58):
As we look at it now, it's up a roughly
three hundred points, which is about point sixty three percent gain.
The S and P five hundred up sixteen points, about
a quarter percent game, but the Nasack is actually lower.
It's down point sixty nine percent twenty two thousand, one
hundred and eighty As we look at it overnight, the
Forts one hundred game point one four percent thirteen points.
The Nike A was down a quarter percent four four

(11:20):
seven nine. Oh Shanghai Composite was up point three seven percent.
The A six two hundred, Yes, they lost two thirds
of percent fifty nine points eight eight one eight, and
we had a very small move seven points lower on
the n six fifty thirteen thousand, two hundred and twenty
eight Kimi dollar points six double oh six win our
last check. So it's gone back over sixty cents because
weiki US dollar point eight ninety five eight against the

(11:41):
ossie point five oh four oh euro point four to
three seven one pounds eighty seven point three nine Japanese
yen gold three thousand, six hundred and eighty seven dollars
in Brent crude sixty eight dollars and twenty cent.

Speaker 2 (11:51):
See you tomorrow, Andre Kelleherjmowealth dot Co dot m ZEK
Farmer Day Eli Lilly five billion to build a manufacturing
facility in Virginia boost production capacity. Not to be out
done GSK Glaxo Smith thirty billion over five years in
US research and developing R and D and manufacturing. This

(12:11):
is all the Trump UK thing going on. So there's
money flying all over the place. Six twenty one. The
News Talks b.

Speaker 11 (12:18):
Help you get on this label, I'm hev you get
this bee or.

Speaker 1 (12:22):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by the News.

Speaker 2 (12:27):
Talks b Andrews right. Auckland is the most optimistic part
of the country at the moment, which is encouraging, along
with Wellington by the way, Waikato, Canterbury on ninety two
to the west in the country Taranaki Wanganu. We had
eighty one, which is miserable. But one of the most
interesting aspects is the men and woman split. Women are miserable,
Come on, ladies, Men ninety nine point six bordering on

(12:50):
being optimistic, Women at eighty three point four six twenty.

Speaker 1 (12:55):
Five trending now with him as well, spring free, he sail.

Speaker 2 (13:00):
On now taking a women next chapter and the Vicam
story is out. First there was the Beckham doco that's
absolutely brilliant. It was fantastic and when you're on your
roll you milk it. So next cab off the old rankers, Victoria,
the missus.

Speaker 12 (13:14):
People thought I was that miserable cow that never smiled,
but I do. Don't be shocked. That uncle kid at school,
that's awkward. That was me, but I desperately wanted to
be liked, have a sense of worse. Fashion was this
creative out there.

Speaker 3 (13:35):
A lot of people didn't take it seriously.

Speaker 2 (13:38):
Everybody's warning her you will not be acceptable that.

Speaker 12 (13:41):
It's taken so long to get to this point. I'm
not going to let it slip through my fingers again.

Speaker 2 (13:50):
You can make cheese and antoasted sandwich with you, proud
of you.

Speaker 13 (13:52):
Let's be honest.

Speaker 12 (13:53):
I couldn't actually make a cheese sandwich very.

Speaker 2 (13:55):
Well, and there's nothing wrong with that because I can't
make a choose and m sandwi John either. It's done
by the same people who made Beckham, which is in
part of the Becham company. Hashtag no bad press when
you control it all yourself. Three parter. It's out on
Netflix October the night. It is called Victoria Beckham, so
you don't get confused with the other one, which is
just called Beckham. They probably regret now not calling it

(14:17):
David Beckham or posh or yeah. I mean you know
that name. Brainstorm would have been fantastic, wouldn't it. E
Can yesterday deeply disappointed and e Can so they called
an emergency. What does it mean? It means nothing. They voted.
If you're not up on this, this is night trait,
this is Canterbury, and they say let's have an emergency.
They vote for an emergency. It was contentious nine to seven.

(14:40):
Nothing comes of it. Are they fixing it? Are they
changing anything?

Speaker 14 (14:44):
Do the rule?

Speaker 2 (14:44):
And nothing? So we'll talk to fair farmers about that
on the next half out on the better side of life,
on the good new side of the equation. These stats
around youth offending, they seem material and it seems to
be working. So we'll talk to the minister about this
in an hour's time or so.

Speaker 1 (15:02):
Mike Housgame Insightful, engaging and vital The Mic Hosking Breakfast
with a Vita, Retirement Communities, Life your Way, News talks,
head bes up.

Speaker 2 (15:13):
Nowra guys, we told you the Fed finally moved. Here
is the rationale.

Speaker 15 (15:16):
Near term measures of inflation expectations have moved up on
balance over the course of this year on news about tariffs,
as reflected in both market and survey based measures. Beyond
the next year or so, However, most measures of longer
term expectations remained consistent with our two percent inflation goal.

Speaker 2 (15:38):
John McKinnon's and Napoli. She's with us shortly twenty three
minutes away from seven. How about E can I not trite?
Emergency must be electioncies in any environment? Canterbury. They declared
this emergency. They worried about the ground water. You can
guess what the farmers think. Colin hourst is the thod
Farmers vice president is with us morning. Colin nine to seven,
which was the voute, shows how contentious it is. I

(15:58):
guess is this electioneering?

Speaker 16 (16:00):
Most definitely might Look this is a cheap political stunt
and the last meeting of a council.

Speaker 9 (16:06):
Why now?

Speaker 2 (16:07):
Good question?

Speaker 4 (16:09):
I think.

Speaker 2 (16:09):
Also nothing, Actually it's important to point out nothing happens,
does it. I mean they had a bite and they
said all is emergency. Nothing actually happens, does it?

Speaker 17 (16:17):
No?

Speaker 16 (16:17):
No, that's right. But look, this is something that farmers
don't we know about. It's been going on for years.
We know there's night trade issues and farmers are doing
their bit and we're working with the council can constructively. Yeah,
it's hugely diverse, Mike.

Speaker 2 (16:33):
Do we know for a fact the night traders all
farmers or could there be something else from history?

Speaker 16 (16:41):
Most definitely. We've got examples of an old meatworks in
some areas where there's a whole of scepty tanks, so
it's just not farming. And it goes back a number
of years as well, so it can go back. We've
had some people come up with some information that goes
back to the sixties. There has been night trade.

Speaker 2 (16:57):
Issues, right, So the part that farmers can do are
they doing.

Speaker 16 (17:00):
It almost definitely. Look, we've had a through the council
Egin we've had past ten years, we've had up to
thirty percent reductions on some of the nitrate losses required
by farmers. So there's a lot of work been going on.
There's fencing of our waterways, some of the new different
plants like plantain reduced to nitrogen. We're really kickle how

(17:21):
we apply our food lives in nowadays. So there's lots
of things going on.

Speaker 2 (17:24):
Okay, so they did ten percent of the worlds. They
did a big test on wells that were three hundred
and forty nine wells around the region. Ten percent were
found to have nitrate levels above the maximum acceptable value
for drinking water. You don't dispute that, do you.

Speaker 16 (17:37):
No, Definitely, we know there's an issue and we're working
on it. What they've done yesterday is providing a wedge
between our farmers that do doing a really good job
and the council. Basically because we have been working what's
the council or a number of years to try and
to try and solve these problems.

Speaker 2 (17:56):
Have you got a time frame on it? Can you
tell the council? Look, here's what we doing, here's why
we're doing it, and here's the effect, and here's what's
going to happen over time?

Speaker 16 (18:05):
Yes, I certainly. Well it's a hard one. It takes
Some of it can be immediate, but some of it
can also take a number of years. If we reduce
our farming intention in some areas, it just takes a
number of years. It's a bit like the weather, extreme
rainfall and it will wash the night treats.

Speaker 2 (18:26):
Through this world exactly. Well, what I mean it was
all driven by green peace, apart from anything yesterday. Who
hate cows? I mean, what do you do about that?

Speaker 16 (18:37):
Well, farmers are trying. We're investing in a whole lot
of science to work out what to do. Look, we
would like to work with the whole community constructively. Well
that's what we want to do.

Speaker 2 (18:50):
They're just I think, are here frustration. Colin, appreciate your time.
Colin Hurst, Federated Farmer's National Vice President. The other I'll
come back to it later, but then other incomprehensible psychobabble
we had yesterday was Keisha Castle Hughes, and I didn't
delve into the story until I delved into the story.
And then when I delved into the story, I regretted

(19:12):
every moment of it. But more shortly nineteen to seven
the Mike.

Speaker 1 (19:15):
Hosking Breakfast Full Show podcast on iHeartRadio powered by newstalksp.

Speaker 2 (19:22):
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(19:45):
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(20:06):
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Bailees dot CO dot Z to learn more asking the Fed.
Some want no cuts, some want two cuts. One bloke

(20:26):
one's five cuts.

Speaker 15 (20:27):
But the Committee remains noted and in pursuing our dual
mandate calls, we're strongly committed to maintaining our independence. And
beyond that, I really don't have anything to share.

Speaker 2 (20:41):
Get me out of here. No cuts, two cuts, five cuts,
and they're all aligned whatever.

Speaker 17 (20:47):
Six forty five International correspondence with Enzed Eye Insurance.

Speaker 1 (20:52):
Peace of mind for New Zealand business.

Speaker 2 (20:53):
Go to leave, Joe morning, Good money mate. Old mister
Salvini is causing trouble yet again when he does his thing.
Is that just like ah, there he is, that's him?
Or does it cause ructions? Oh, it's caused a bit
of a rush.

Speaker 5 (21:06):
Now.

Speaker 18 (21:07):
He was out the other night at a party greeting
the Russian ambassador to Italy, Alexo Paramonov very warmly, and
that's caused a bit of an outcry, people saying you
shouldn't be buddying up with Russia at this point, after
we saw those attacks last week in Poland and Romania
from the drones.

Speaker 2 (21:26):
Now, as far as Italy is concerned, given that you
aren't Poland or Finland and you don't share a border
with Russia, how angsty is a country? I mean, the
war does it sit heavily with you each day or not?

Speaker 18 (21:38):
I wouldn't say each day, but I think there is
a certain certain tension, a bit of rising panic dore
I say, in Italy, and a sense that we're not
fully prepared. And this week the Italian Defense Minister Guido
Crozetto said that Italy was not prepared for a foreign
attack from Russia or anyone else, and he used the
term madmen. If a madman decided to attack us, and

(22:00):
I don't mean Putin, He said, we're not quite ready
for that.

Speaker 2 (22:04):
Who's the madman?

Speaker 9 (22:05):
Then?

Speaker 18 (22:08):
I don't know who is referring to, except for one.

Speaker 2 (22:10):
That he might have had in mind. How bizarre as
far as the what I mean we're on the other
side of the world, and that's sort of not really present.
But I mean when you talk about what happens, say
you see Putin go to Alaska, there was going to
be a meeting, then there isn't a meeting. Then NATO
comes back and Trump goes one hundred percent tariffs, you
do it, then nothing happens. So that's sort of almost
like nothing's happened and the war goes on forever, isn't it.

Speaker 18 (22:34):
Yeah, it's quite a seesaw. I saw some friends from
Poland visiting Italy this week and they said people are
very on edge in Poland and people with any money,
you know, they're moving the money out of the country,
they're investing in Spain.

Speaker 2 (22:47):
They're really preparing for war.

Speaker 18 (22:49):
So there is a lot of concern across Europe.

Speaker 2 (22:51):
So is Europe split in that sense? So in other words,
if you're in Italy, do you look at Poland or
Romania or Finland and go it's sort of kind of
that more their problem than it is ours or is
EU united.

Speaker 18 (23:02):
I think the man on the street thinks it's well,
it could be just their problem and we don't want
to send our troops and we don't want to get
too involved, but at the same time they're keeping an
eye on it.

Speaker 2 (23:11):
Now, zero point six percent of Looking at GDP forecast,
zero point six percent doesn't strike me as illustrious.

Speaker 18 (23:18):
It doesn't do. But I mean, I think it's still
perhaps a little bit ambitious because Italy hasn't really seen
the end of these negotiations over US tariffs, and I
think those any sort of prediction of GDP growth could
be ambitious at this point. Talking about zero point six
percent for this year, zero point eight percent in twenty

(23:38):
twenty six, but we could see more upeople, As I said,
with Donald Trump up ahead.

Speaker 2 (23:43):
Politically, how does that play? I mean, do people blame
the government, go this is mediocre or it is what
it is.

Speaker 19 (23:49):
I think they just go with it.

Speaker 18 (23:51):
I think they just, you know, think this is the
way it is. We've had some positive industrial output over
the last few months, and that was considered to be
a positive sign. I think most people are just getting
on with it and getting back to work after a
very lazy summer.

Speaker 2 (24:06):
Was speaking of which, why is the rhymeya talking about
swimming in the river again? Why wouldn't you do that
in the middle of summer, not noughtumn.

Speaker 18 (24:13):
I don't know where that came from, but the Romeo
Roberto Gualdieri was in Japan and he said, I think
it's a great idea that we shoull start swimming in
the Tiber River. Maybe because they started doing it in
the Sane in Paris, but he thinks that the river
should be cleaned up and we should all be bathing
in that river in a.

Speaker 6 (24:29):
Few years time.

Speaker 2 (24:30):
What is the state of the river.

Speaker 18 (24:32):
It doesn't look too friendly to me.

Speaker 2 (24:35):
What they need to do to convince you nothing that's
never going to happen.

Speaker 18 (24:39):
Well, it does look very murky. It's got a, you know,
a bit of a look like like Melbourne's Yarrow River
that's a little bit brown on the outside. On the
outside looking in, I have seen quite a few fishermen
pulling out some decent fish from there, so at least
the fish can survive in there, so maybe we should
keep an open mind about that.

Speaker 2 (24:56):
Go well, Joe, nice to catch up with Joe mckinna,
who was in rhymebab way before I forget. Dennis Shanahan
on the program yesterday was alerting us to the fact
that yesterday could be a very bad day for Elbneasy.
He was up in P and G signing this historic
defense treaty until he wasn't. And I don't know whether
he's been stitched up or whether the P and G
people sort of the cabinet basically failed to sign off

(25:19):
the pack that it was the P and G signe
of it that couldn't get there. But surely before you
leave the country in lobby into P and G, you've
got your ducks in a row, haven't you. So we
went up to P and G and came away with nothing.
So that's embarrassing, mind you. If you look at the poles,
what does he care?

Speaker 1 (25:38):
Ten away from seven, the Mike Hosking breakfast with Alvida
Retirement Communities News togs had.

Speaker 2 (25:44):
Be like the only emergency that needs to be called
as a Council of Politician Emergency. Ecn's got sixteen of them.
You see the pictures yesterday. If you look at, I
mean a the room, look at the look of the
room looks like something out of Eastern Europe and the
size of it, and they're all sitting around the table
with full of their own self importance. Mike Luxon's going
weak at the Knees Gaza. Why do you say that, Jack,
I don't think that. If there's a problem, and there's

(26:04):
clearly an element of attention within the coalition, but it'll
be more act in New Zealand first than it will
be the National Party. If they could declare Palestine estate.
I think National will be first in line, followed possibly
by New Zealand first, dragging up the end will be acted.
Because David Seymour said the other day, why would you
recognize people who hold hostages? It's not a bad question,

(26:26):
is it. By the way, if you're in the housing market,
kyeing Aura are going to announce today there's a bit
of a scoop. I've got ahead of the market and
they're going to put an early bid and so don't
outbid me or I'll be furious. Kyeing Aura are going
to be selling the country's most valuable state house. It's
in Ponsonby, which if you're out of Auckland's very nice area,
inner city suburb of Auckland, one hundred and two years old.

(26:48):
It's a villa. It's a do up. I don't know,
maybe you reno it, maybe a bowler anyway, it's got
a CV of three point nine RB of three point one.
It's on six hundred and nineteen squares of land and
that's the key to it all. So they'll take that
from a singular house and put it into oh, I
don't know, half a dozen regular houses. And you know
that's how social housing should be run. But that's going

(27:09):
to be announced later on today. Five away from seven.

Speaker 1 (27:13):
All the ins and the outs. It's the fizz with
business fiber. Take your business productivity to the next level.

Speaker 2 (27:20):
Now, if you don't want to buy that, you're probably
busy going on holiday. What cost of living? Cristis Auckland
Airport telling us this morning are the upcoming holes? Over
a million over a million travelers are going to be
going through that airport alone. So forget queens sound, forget
dned and christ Jurch Hamilton got Hamilton later Hamilton booming
jet planes all over the place in Hamilton anyway, Orkan

(27:41):
the airport a million people alone, which is up six
percent on the same school holidays this time last year,
evenly split domestic and international. Five hundred and thirty thousand
others ago. When I say, as it's not me, I'm
not going anywhere I'm still here and loving it. Five
hundred and thirty thousand going off shore, four hundred and
seventy seven thousand going I'm within the country. The Sunday

(28:02):
is expected to be the busiest departure day. Third of October,
which is the Friday. That's when you can come home
and check whether the cat's still alive and do your
washing before you go back to school and work. That's
the busiest arrival day. Where are we going, Australia, of
course most popular destination internationally, followed by Fiji, China and
the US. Australia is leading the rebound. There's a four
percent capacity increase for this year, which is up on

(28:23):
the twenty nineteen numbers, Thank the Good Lord. That's offset
by the fact that we're still done nine percent on
the twenty nineteen number for overall international capacity. Of course,
we've told that story about a million times. Christ Jurch
is the top destination for domestic travel. Remember when it
used to be Queenstown. Now it's christ Church. Everyone's going
to christ Church, followed by Wellington and Queenstown is Wellington
the stopover. So are you flying or like Auckland Wellington,

(28:47):
you're stopping over to go somewhere proper. Are you going
to Wellington? What are you doing in Wellington? I'm joking?
So christ Church is your number one domestic Come please
tune in, you know, don't leave us behind when you're
going on holiday, or you or you flash folks who
you know can afford the affairs and stuff like that.
Speaking of the economy Q two today, we all agree

(29:08):
it's going to go backwards. It's just a matter of
whether it's oh not as that as we thought. Well
that was bad, wasn't it. The Ford picture is the key.
Michael Gordon's the West Pax senior economist. He's back with
us on the program. Very good numbers on youth offending material,
reduction in the number of young rat bags. We'll talk
to the minister after seven thirty.

Speaker 1 (29:29):
News Opinion and everything in between. The Mike Hosking Breakfast
with Rainethrover leading by example.

Speaker 2 (29:36):
News togs Head by seven past seven. So the New
Zealand economy is that stood in the months of April,
May and June, otherwise known as Q two. Everyone thinks
it went backwards, of course, the RB thinks zero point three.
The key to optimism is that as bad as it got,
in other words, as the current quarter on the right direction.
Michael Gordon, Westpac Senior Economists back with us. Michael morning,
good morning. You're minus what minus point four for us?

(29:58):
So what are you looking at? Construction, manufacturer those sort.

Speaker 19 (30:00):
Of areas, Yeah, I mean there's some areas like construction
has been in a downturn for a while. Manufacturing is
a bit more of a reversal from what was actually
a decent Q one. The big thing that in there, though,
is that we're finding at the moment the GDP numbers
are not really fully capturing the effects of winter or

(30:21):
summer for that matter, So there's a little bit of
a distortion that's slightly to cause that number to be negative.
But even without that, it's probably more like a true
picture of a very.

Speaker 2 (30:30):
Small plus something better in Q three or not.

Speaker 19 (30:33):
I think things that tracking better in Q three certainly,
And that kind of fits with the idea that as
interest rates are flowing through, it's really only in the
last few months we've really seen substantial numbers of people
going from higher morgagraates to lower ones, and it's putting
a bit more money in people's pockets that will eventually
flow out to other parts of the economy.

Speaker 2 (30:52):
And are you saying that as an economist, as a theorist,
or are you actually at the bank materially seeing that,
because we've been saying that all twenty twenty five.

Speaker 19 (31:02):
I mean, we're certainly seeing on the books in terms
of what rates people are paying, in terms of seeing
what they do with it, I mean, inevitably it's going
to be a combination of maybe some paying down debt,
maybe a bit of saving as well as spending. But
that tends to happen in every cycle, so we're not
counting on the idea that everyone's going to spend all
that money that they're saving on interest.

Speaker 2 (31:23):
I read an article the other day that said this
interest rate thing has been overstated. In other words, from
the Reserve Bank's point of view, they keep saying, oh,
look we've cut here and there and everywhere, and that
will flow through. That's been overstated. Is there something in
that do you think?

Speaker 19 (31:37):
I mean, I think there's a pretty high hurdle to
making those kind of claims, just because again, this happens
every time around, and it's usually you know, we're a
year into an easing or a tightening cycle. Then you
get the people emerging starting to say things are different,
the economy's broken. Interest rates don't work. A year further
down the track we usually find that they had worked.

Speaker 2 (31:54):
Yeah, consumer, the mood that came out yesterday was still
in the negative. How much that is we've decided it's psychological.
We've just decided things are stuffed versus it actually being stuffed.

Speaker 19 (32:06):
I think there is a psychological out element, certainly. I
mean one, I mean, one thing that does cut up
in any conversation really is just this perception of the
cost of living crisis. Now we're kind of we're back
to below three percent inflation, so technicals was on target,
but I think there's still a perception that the cost
of living is just moving out of control. You get

(32:27):
these food prices, electricity prices and so on, the really
visible stuff, and that is just continuing to sour the mood.

Speaker 2 (32:34):
But explain to me, just before the news I gave
the numbers from Auckland Airport. There'll be a million people
through these school holidays. A million people are flying. They're
going to America, they're going to China, are going to Fiji,
they're going to Australia. So what's real.

Speaker 19 (32:47):
Well, yeah, I mean it's like I said, it's a
multi speed economy to some extent. But also I think
it lets the fact that, yeah, I mean people are spending,
they're just not necessarily spending here. And yeah, I mean
the the travel numbers have been notable, and I think
also the exchange rate has been quite favorable for us
compared to the last couple of years.

Speaker 2 (33:07):
Good stuff, Michael appreciated very much. Michael good and Westpac
senior economist. I'm going to Los Angeles and I'm going
to mine about the price of butter. It's ten minutes
past seven, Pascoe. The irony bit of banks around the money,
speaking of which we pulled from International Tourists budget papers,
show of the two hundred and twenty nine million collected
each year, the government's banking one hundred and thirty nine
of that. So this is the levey they raised, remember,

(33:28):
from thirty five to one hundred bucks a year. Tom
oft Potak is the Ministry of Conservation and is with
us morning mate, Hey cholem mate, how are you very well?
Are those numbers true?

Speaker 9 (33:37):
Well, the two twenty nine was an estimate number, and
I'm sure may's well becoming true. But Importantly, tourists come
and use services, use the conservation state a whole range
of other things, so it's important that we allocate accordingly.

Speaker 2 (33:48):
So that's what I was trying to find out, was
the two twenty nine an estimate. So in other words,
you will, once you've got it, pass it on to
the right areas or not.

Speaker 9 (33:56):
Yes, well, that's exactly what we're going to do. You
might recall in the budget twenty five we said we're
going to give some more money to conservation through the IVL.
And I've got some other ideas as well about how
to make some money off thirty percent of the country,
like what like payde parking in certain areas, charging tourists
international tourism four or five locations like maybe Cathedral Milford Sound.

(34:17):
There's some areas of the country thirty percent under conservation.
We make about sixty million dollars from that, Mike, it's
not good.

Speaker 2 (34:22):
Enough, okay, So just to clarify the story, what you
get you will pass on. This is like the funding
of rights. When I go to the petrol pump, the
money I pay in tax goes to roads. This will
go to conservation, et cetera.

Speaker 9 (34:35):
The IVL was set up to allocate funds through to
conservation and tourism. Right, Okay, that's the first thing. The
second thing is we lifted the dollar amounts of the
IVL from thirty five to hundred dollars. Will increase the
number of dollars that are now going conservation, but not
all of it will go to conservation and tourism.

Speaker 2 (34:56):
Well where's it going?

Speaker 9 (34:58):
Well, some of it will go to you know, general
crown expenses. It's not as if tourists come in and
just use the conservation of states and tourism there is
They actually also use things like the health system and
the roads and a whole runge of vertry. A good point.

Speaker 2 (35:10):
Did you say at the time, and I think this
is where people get angsty. Did you say at the
time and putting it from thirty five to one hundred,
that it will go exclusively to conservation and tourism or not?

Speaker 9 (35:19):
Well, we did not say that. We were very clear
in the budget that some would go to conservation and
tourism and increased amount actually, but some would go to
general Have.

Speaker 2 (35:28):
You got any sense of whether it's put people off?
Because that was one of the great criticisms of the time.
People won't come because it's hundred bucks.

Speaker 16 (35:34):
Is that true?

Speaker 9 (35:35):
No, then tourism's coming back. The numbers are branding again.
They're not perfect, but certainly in the South Island down
Queenston another areas. Mike, you will know that a lot
of the Australian cousins are coming over.

Speaker 2 (35:45):
Yes they are well. Nice to catch up. Time of
po tak a Minister of Conservation, thirteen minutes past seven past.
That was only the story if they said it's going
exclusively like Rhodes to tourism and conservation. They never said that.
Therefore they can spend it on what they like. And
then the number of texts I get from p people
who go. But what about when they end up in hospital?
It's free, so that's where some of the money goes.

Speaker 11 (36:04):
Mike.

Speaker 2 (36:04):
Love listening to zib while cruising. Nice for some leave
Saturday for a six week Oh just the six weeker
good Alaska to Singapore. Aren't we lucky? Yes you are.
Unfortunately I can't listen to you, Mike. It's the time
of the day when I'll be at the bar.

Speaker 16 (36:18):
Paul.

Speaker 2 (36:19):
I know you're joking because you can listen to any
hour of the day and night and get the podcast. Mike,
I'm hearing heading to Georgia and Armenia, the birthplace of wine.
It's their wine harvest in a couple of weeks. Are
you familiar with the region moderately but not great. Would
you like to place in order? No, Mike. When my
wife and I retired from Dneedin to christ Church both
quake people thought we were nuts. Look at christ Church
now exactly, Daryl, well done. Sure, Mike, I'll report him

(36:41):
from Perth, Cambodia. Then Bali three weeks three days leaving.
Can't wait.

Speaker 8 (36:47):
So people are just literally texting him with humble brags.

Speaker 2 (36:50):
Now that's what they do.

Speaker 1 (36:51):
Fourteen past the Mike asking Breakfast Fall Show podcast on
iHeartRadio powered by News Talk.

Speaker 2 (36:59):
ZB best one yet morning, Mike Monaco boat show for me.
I'll send you some pictus of the big boats. Thank you, Max,
have a good time. Seventeen past is Tiki Tani the
start of something locally on Spotify. So Tani, if you
have not up on this, is pulling his music from
the platform. He argues exploitation, poor royalty, subsidizing big names,
et cetera. Each stream owns an artist around about one
twentieth of Descent. Paul Spain, tech and business commentator with

(37:20):
US Paul morning.

Speaker 20 (37:22):
Good morning mine.

Speaker 2 (37:23):
So we got the bats as well pulling out. I
don't think Spotify is shaking in their boots. Is this
a thing though? Internationally?

Speaker 20 (37:29):
Yeah, this has been going on for some time and
yet and it doesn't seem as though, you know, it
brings much much change or action at the Spotify end.

Speaker 2 (37:40):
No, indeed not. I mean Taylor pulled out and she
came back. So if she can pull out and come back,
then nothing's changing. This is what it is, isn't it.

Speaker 4 (37:48):
Yeah.

Speaker 20 (37:48):
Look, they're the most dominant platform for music streaming now.
I think something like seventy percent market share. You've got
YouTube music as well. He'll probably pay out a little
bit more per stream and Apple Music who pay out
the most. The reason they're able to pay out the most, though,
is they only have paid subscribers, whereas with Spotify you've

(38:11):
got that free tier where it's ad supported. So that's
why they're in part why the numbers don't stack up
as well. Although Spotify have been increasing their prices and
they haven't been increasing their payouts. I think there's a
there's a fair point there from artists that they probably
should be getting a bigger slice of the revenue.

Speaker 2 (38:34):
What's actually driving at most is it the slice of
the revenue or is it this politics? And they invested
in some military AI and it's got all political.

Speaker 5 (38:43):
Yeah.

Speaker 20 (38:43):
Look, I mean I think that the investment from their CEO,
Daniel eck In healsing and he's also chair of the board,
so this is not just an investment. He's invested something
like a billion New Zealand dollars in there, and you
know they're a defense company. And I think that's that's
something doesn't align very well with a lot of artists

(39:05):
that that their music effectively is funding it. There is
a flip side, though, and I think, you know, it's
important to remember, you know, if we look back twenty
five years ago, the music industry was being disrupted, not
by Spotify, by nap Start, and you know, at that
point we were moving into a world where nobody paid
for music any longer, and the future of music was,

(39:28):
you know, was very much in doubt. You know, today,
for musicians to do well, largely, you know, it comes
down to doing live shows and selling merchandise. So you know,
we've had these sort of two big disruptions that technology
has has enabled and facilitated when it comes to the
music industry. But you know, I can, I can totally

(39:50):
understand why musicians don't really want to be associated with
what daniel 's doing.

Speaker 2 (39:55):
Fantastic good on you, Paul good to catch uppreciate it
very much. And despite how clear that was, he's not
in the next room. He's actually in Singapore, which by
my accounts about quarter past three or four in the morning.
So he wins the Simon Watts Memorial Prize this week
for getting up early and actually appearing on the program
seven twenty.

Speaker 1 (40:13):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, Call
it by Newstalk Zippy.

Speaker 2 (40:22):
Whether it's a logistics firm monitoring deliveries in real time
or a tech startup demanding seamless connectivity Kiwi. Businesses of
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(40:43):
local companies to succeed makes them the fastest growing telco
in the business space. They're so confident in that network
they offer a thirty day network guarantee. So join the
thousands of Kiwi businesses already thriving with two degrees. Try
it out, make the switch to two degrees. Switch telcos,
stay connected, get to business. Here's where we go two
degree Please dot nz Ford slash business to find out more.

(41:03):
That's two degrees dot nz Ford slash business. T's and
c's apply postcar seven twenty four. Having argued the other
week for compulsory key, we say it. It was sort
of ironic, probably lucky there. Several reports came out post
those comments that wanted exactly the same thing, and then
enter Winston Peter's the other day wants it as well.
We'll pay for it apparently with tax cuts. The tax

(41:24):
cuts of course completely unaffordable. But it doesn't make the
compulsion a bad idea, just a reminder. I personally am
not for compulsion, but it is it seems the only
way to say, solve our never ending inability to save.
Now what possibly is the defining argument? As a bloke
called John O'Malley works for Deloitte has written a paper
on creditor and debtor nations. That is, when you take

(41:48):
all of the country's financial dealings with the world and
you work out who owes what. Now, Places like Germany
and Japan and Switzerland are what they call creditor nations.
They are owed money. The debtor nations owe them money.
New Zealand, it will not surprise you, is a debt nation. Australia,
which is where the paper originated, is what they call
a switcher nation. In other words, it has been a debtor,

(42:10):
but the numbers have reversed dramatically. Net foreign liabilities have
gone from sixty three percent of GDP in twenty sixteen
to thirty two down to twenty four. Now, if it
keeps going, you are a credit to nation. How have
they done this? Answer? Well, number of things because economies
are complex, but no small contributor has been You guessed it, superannuation.
Paul Keating, formal labour treasurer, introduced compulsion back in nineteen

(42:32):
ninety two contributions from employee employer. They've never looked back. Yes,
they had the usual arguments that cuts pay rise as
it's unaffordable, but thirty something years later the proofers in
the pudding. We have an average QI saber in this
country of about thirty thousand dollars. There's ze hundred and
thirty thousand. Recently, for the first time they could say
a person starting work, working for forty years on an

(42:53):
average salary could look forward to retiring in comfort. So
problem solved. They don't debate retirement and its cost, and
the wealth created makes them on the verge of being
a credited nation, joining the heavyweights like Japan and Germany
and Switzerland. So New Zealand or Australia. Who would you
rather be?

Speaker 3 (43:12):
Husking?

Speaker 2 (43:12):
I my friends walking the Camino Spain. Her husband was
made redundant one polar step post, she said when the
scenery got dull in when the EarPods and she got
the mic hosking update on what's happening at time. Isn't
that nice? Doesn't you can do it also when the
scenery is good that polar step things quite good. My
daughter was in Albania recently and she did the polar steps.
That was good.

Speaker 11 (43:32):
Mike.

Speaker 2 (43:33):
We're off to India for eight weeks. I'll send you
a pick of the taj Mahal just the eight weeks.
Good on you, hi, Mike. If a million people are
going through Auckland Airport, that means twenty percent of us
are traveling. Not a bad economy. I couldn't agree more
this whole thing. Now, this will be the two step.
I get it. Not everyone's got money, not everyone's traveling.
I understand that. But you cannot have a million people

(43:54):
forking out for airfares half the time. When you're not
complaining about the butter, what are you complaining about er
New Zealand hate you news Zan cost you nine million
dollars to fly half an hour.

Speaker 8 (44:03):
You haven't got a million people. You've got to go
there and back, So that's happy.

Speaker 2 (44:06):
Okay, half a million people, You've still got half a
million people, five hundred thousand people or somebody actually negatively said, well,
how many you're on one way tickets? Stop being negative
when the numbers are in front of you. The numbers
are in front of you. You can't argue with that
many people with enough money to fly internationally and around
the countryside for what is nothing more than a holiday
for FUNDSI youth offending more on this than just a

(44:28):
couple of months to.

Speaker 1 (44:29):
New Zealand's home for trusted news and views, the mic
asking Breakfast with Bailey's real Estate, covering all your real
estate needs, use togs, dead b.

Speaker 2 (44:39):
Mike Positive, piece of news. Our daughter and new partner
on a one way ticket from London to christ Jurch.
Having lived overseas for more than six years, they're coming
home to settle in christ Isn't that good, Mike? Here's
a great way to in. A couple of good stories
that have appeared in the last twenty four hours. My
friend Kushler as a serial entrepreneur. She has developed a
technology to remove night trate from our waterways and rivers.

(45:00):
You should speak to her about the challenges in raising
venture capital. Your producers should contact her. Jeff, my producer,
Will We're on to it. And speaking of which, I
received a letter just the other morning from a bloke
called Jacob, who I didn't know of, and Jacob told
me a story and so as a result of people
writing to me, Jacob is on the show after eight o'clock,

(45:23):
twenty three minutes away from Mate. I might have a
wedding with new numbers around youth offending showing it's down
fourteen point six percent competed to June of twenty three.
Northland seen of forty percent drop Auklands down fourteen. Karen Chawles,
the Children's Minister, of course, and as well as Karen
Morning Morning, How are you very well? Indeed how much
of this as ram raids, like because we don't ram
raid much anymore, that numbers naturally dropped.

Speaker 21 (45:46):
Oh yeah, that's a big part of it. I don't
have the percentage in front of me, but ramroids have
dropped by eighty two percent, and we do know that
that a small group of young people are causing a
large problem within our communities. So this isn't a massive problem,
and so we're focusing on the small group of serious,

(46:07):
persistent youth offenders and it's starting to work good.

Speaker 2 (46:09):
So this is the repeat offending is down. But one
of the in your press release you're claiming boot camps.
Correct me if I'm wrong. The boot camps haven't even started.

Speaker 21 (46:18):
Yes, but we did run a pilot and we had
a lot of learnings from that pilot that we're now
using within our work program, working with the community, working
with the families, making sure that we have a good
wrap around service with young people when they're going back
to the homes back into their homes. So whilst the

(46:38):
military style academy hasn't started for the program within the
youth justice facilities, it doesn't mean that we haven't taken
some of those learnings and put it into our work program.

Speaker 2 (46:49):
I've also, I'm quoting you, I've also been informed that
repeat young offenders are avoiding reoffending because they know courts
are rung a tamariki and police are working together more closely.
Is that anecdotal?

Speaker 9 (47:00):
Is that real?

Speaker 21 (47:02):
That's what I'm hearing out in the community. I'm hearing
that the consistent message from Autongitomiitiki police and other agencies
that the messages out there that young people know now
that they're not untouchable and that there will be consequences
of their offending.

Speaker 2 (47:19):
Okay, Now, the variation and region so forty percent, Northland
thirty six, Tasman twenty eight, Wellington seventeen, Wykato. Can you
explain that? Is that a different approach from the police
in ot or there was more crime in some areas
than others, or what's gone on there.

Speaker 21 (47:35):
We've had focus in some areas where we knew there
was a big problem, where communities were telling us this
was a problem. So there were some regions where where
tables were set up with cross agency approaches around the table.
But what I would say is the fast track, the
extension of the fast track that had been set up.

(47:57):
I think over multiple community chees have really made a difference.
In Hamilton wrote a rua christ Church Auckland, where where
we have multiple agencies sitting around the table and making quicker,
faster decisions about what we're going.

Speaker 2 (48:12):
To do good Is there more where this came from.

Speaker 21 (48:15):
Oh, absolutely, we're not going to stop. Whilst fourteen point
six percent is a good number and we're a few
years ahead of our target, it doesn't mean we stop.
We keep going because communities have told us they felt
unsafe and this is a problem that needed to be fixed,
and I campaigned on making sure there were consequences for
young people. But we also need to make sure that

(48:37):
we've got good rehabilitation there so that we're not getting
this repeat of ending good stuff.

Speaker 2 (48:41):
Karenppreciate it. Karen Shaw Children's Minister, one of the better ones.
Nineteen minutes away from mate Mike. We just finished walking
the last one hundred and fifteen k's of the Camino.
Now in Portugal, thank you for listening, then off to Ireland.
Love traveling, but love to get home. So Cadie's at
the headdress of the other day. Her headdresser is one
of those hairdressers that has clients that just permanently travel

(49:03):
internationally and then come back here to get their hair done.
They all said the same thing. Interesting, they travels hard,
and travels harder, travels indisputably more expensive. Travel has more
issues with it these days, a tremendous and this is anecdotal, obviously,
but most of them, virtually all of them came home
and got ill, and they're all said the same thing.

(49:26):
Traveling's great, still love it, but it's great to be home,
which I found to be encouraged.

Speaker 8 (49:30):
So can you not get your hair done overseas?

Speaker 2 (49:32):
Not in the way that they get it done with?
Nicole Nichole's like one out of the box. Eighteen to two.

Speaker 1 (49:38):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, powered
by the News Talks at be.

Speaker 2 (49:46):
Mike. I'm currently touring and heavy traffic on the Northwestern Motorway.
Travel broadens the mind. It's very funny. Mike, just come
back from Paris, got sick. Glad to be home. I
need Nicole which salon. Thanks Nicki, Nicky, you can't have
a books are full. She's another one. This is my
ongoing theme at the moment with this economy radish this morning. Sorry.

(50:06):
The theme is if you are good, you will do well.
So it's as simple as that. And if you and
Nicole is good. I've never been to Nicole. Just Cadie
tells me she's good. But she she set up her
own business. You can't get in for love nor money
because she's you know, people will trap and they go
for miles around. Now, Scott Bessont quickly, who's the Treasury

(50:27):
secretary who appears to be in London. They sort of
joined at the hip, those guys. They sort of just
go round the world together. I wouldn't be surprised a
bit coughs at Windsor Castle as well. At the moment
Rubio certainly is he was in Israel, so he's gone
from Israel to Windsor Castle anyway. Besson't eddie has been
sprung this morning. In his mortgage documents. He agreed to

(50:48):
call two houses principal residents. Now why is this a
big deal? Well, when somebody else did a woman called
Lisa who works at the FED. When she did it,
Trump didn't like it so much. He went to SAKA.
Now that particular action is in abeyance at the moment
due to the fact the courts are involved, but if
he can sack it for that wise and he sacking Vesson.

(51:08):
This was back in two thousand and seven. A house
in Bedford Hills, New York and Provincetown, Massachusetts, each would
be his principal residence. So she can do it. So
whether you all see anything come out of that, I
don't know. Keisha Castle Hughes in comprehensible psychobabble and this
is can I just I just want to dovetail two

(51:29):
stories together. It's a very good piece of this morning
floating about. I think it's in The Herald. Gavin Ellis,
who used to be the editor of The Herald, works
for Sir Peter Gluckman's think tank these days, and he's
written a thing about the media. And I try and
avoid talking about the media on this program because it
sounds like I've got a vested interest and I don't.
But his paper appears to be relatively comprehensive, and he

(51:50):
talks about information deserts, and with the shrinking of the
media in this country, there are parts of the country
that essentially are no longer covered. You're seeing in another country,
see in Australia, parts of America. Essentially whole chunks of
the country aren't actually covered in news form locally, and
that's an issue. But can I then dovetail in the
fact that we do ourselves? And when I say we,

(52:13):
I just very loosely associate myself with the media these
days and try and keep as big a distance as
I possibly can. But the Keisha Castle Hughes story yesterday
was a very good example of that. The media indulges nonsense.
And when the media indulges nonsense, everyone looks at the
media and goes, well, that's why it's in the state.
It's in so Kisha Castle here is So I finally

(52:33):
get to the bottom of it yesterday and I'm watching
TV three News who apparently interview I'm watching this interview
and I thought, why are you interviewing it? They're interviewing it.
It turns out she's claiming racism and her child and
getting citizenship. Turns out she's in front of the white
tangy Tribunal. First question, why are you in front of
the White Tangy Tribunal. The White Tangy Tribunal has zero

(52:54):
legal standing. What they say does not go. They just
offer opinions. That's all they do. So why you would
go in front of somebody who's going to do nothing
more than offer an opinion, I don't know unless you've
got a tremendous amount of spare of time. Turns out
Keisha Castle Hughes had trouble with her daughter, who she
wants citizenship for, and the trouble is that this daughter

(53:16):
wasn't born in New Zealand. Now it's not her fault
that she wasn't born in New Zealand. She was apparently
locked down in New York, so that's unfortunate. But it
also turns out he's the key to this. Keisha Castle
wasn't born in New Zealand either, So mum wasn't born
in New Zealand. Daughter wasn't born in New Zealand. But somehow,
and this is where the race issue comes in. Somehow
because where Maori, we can just change the rules. Now,

(53:39):
the rules that she's railing against have been in place
as far as I can work out forever. She is
a citizen in Keisha Castle Hughes is a citizen by descent.
Her mother's a New Zealand citizen, had her in Australia,
so she becomes citizen by descent. When your citizen by descent,
you can't then just go have a child overseas, as
unfortunate as those circumstances may have been because of COVID,

(54:02):
and then just rock up and go, well that child,
there's a news. It doesn't work that way. It's never
worked that way. And all we got out of that
was I can assume we paid attention to it. All
those who paid attention paid attention to it because she's
Keisha Castle Hughes and was once in a movie and
we all got excited about it. Now, the rules are
the rules. If you want to change the rule, sure,
lobby if you want. But by the time I got

(54:23):
to the bottom of the issue, she just wanted to
fuck a popper and Correy Rue and do a whole
bunch of stuff in front of the White Tangi Tribunal.
And we all sat there wasting our time. Nothing's changing.

Speaker 8 (54:33):
You really distance yourself from the media there, turn away
from it.

Speaker 1 (54:37):
She's a make hosking breakfast with rainthrow ber and used
Tog's dead Bees.

Speaker 2 (54:41):
Living away from a good day for the White Cato.
As the previously announced jet service between Hamilton and christ
Church takes off air and Z will run at five
days a week, first domestic jet service for a quarter century.
Don Good as the White Catter Chamber of Comma's bosses
with us morning.

Speaker 13 (54:53):
How are you this morning?

Speaker 4 (54:54):
Mike?

Speaker 2 (54:54):
Very well? Indeed, does it feel like this is going
to be impactful or a game changer?

Speaker 13 (55:01):
It certainly is going to increase the capacity on that
that air that's for sure, and it will certainly bring
christ Edge and a lot closer to the White Ghatto,
which is great.

Speaker 2 (55:11):
Do you think if they build that people will come.
Is this about just you know, different planes or is
it about actually growing a market?

Speaker 13 (55:19):
I think they've had excess demand on those routes already
and that's why they're putting the aircraft on. They wouldn't
do it otherwise.

Speaker 2 (55:26):
Is there a convenience factor as the schedule changes that
you know, easier for people to get from one place
to another.

Speaker 13 (55:34):
Certainly easier to get to christ Jitch by air from
the White Ghatto, that's for sure.

Speaker 2 (55:39):
What about Jetstar they're doing some international stuff as well.
Is it one of those things where they're going to battle,
someone's going to pay the price and you're going to
be back to square one where you think this is sustainable?

Speaker 9 (55:52):
A couple of things.

Speaker 13 (55:53):
One, I think certainly there's this competition, which is a
wonderful thing. But I do think they wouldn't have made
the decision to put an A through twenty on that
route if there wasn't the demand. So I suspect that
they've both seen the opportunity and believe that it will grow.

Speaker 2 (56:10):
And do you think it's a two way demand? People
will come to your place and spend I believe so I.

Speaker 13 (56:16):
Think that's already happening. The two economies of Canterbury and
the White Kado have a lot in common and complimentary,
so I do see that this will grow and grow.

Speaker 2 (56:27):
Good stuff, Don fly well, today's on the inaugural flight.
Don good the one Kato Chamber of Commerce CEO five
minutes away from eight become a born New zealandor Kiwi.
My daughter was born while we're in the UK. We've
always known and pressed on her that if she has
a child overseas, it won't have New Zealand cederships. That
them are the rules. Might we had two children overseas.
Everyone knows that if you're a Kiwi by descent they
cannot have. Of course they do. That's my point. My

(56:50):
point is there was nothing new on that, but apart
from the fact that a semi well known person went
and the media like moths to a flame off they
went Virgin. Speaking of flying Virgin Australia. I like this,
but I own a Maltese and my Maltese cost US
three hundred dollars yesterday because the Maldese the day before

(57:12):
was chasing Katie. Maltese, in case you don't know, form
a bond with a person within the house, and that
particular person is Katie, despite the fact the dog was
the daughter's. So the dog looked at the daughter and
looked at Katie and went, nah, hang with Katie. So anyway,
so the dog hangs with Katie. Problem is, part of
our house has wooden floors, and the dog sort of
sits there and suddenly realizes Katie isn't in the immediate vicinity,

(57:35):
in panics and starts running around the house. What happened
two days ago. Was the dog came sliding around the corner,
you know how dog lose the rear end came slightly
around the corner and here just so it went around
the corner room like that, and so something happened to
the dog, probably an injury. So then Maltese, of you
know Maltese as they just then pack a stand sad

(57:57):
and start shaking and they're pathetic. And so then we
thought is it going to come right? Is it not
going to come right? So it sort of came right.
Then he thought, oh well we'll cancel the bit. So
we had an eva. So we canceled a bit.

Speaker 8 (58:07):
Then you net up a bet. You went on the
way out in the back to get the shotgun.

Speaker 22 (58:11):
Mo.

Speaker 2 (58:12):
So then we the next day, dog was shaking again.
We go down to the bed. By the time we
get to the dogs fine. Three hundred dollars later after
a big examination, dog's fine, happy ass. That's malteseus for you.
Lessen than that is, never buy a Maltese. We love
the Maltese. Anyway, I've told you about Maltesa. Unfortunately, what
I was going to tell you about is Virgin Australia
and flying with animals. And I think because I own
a Malteseer, that's the sort of dog you can fly with.

(58:34):
But Virgin Australia is starting the ability for you to
take your dog or your cat on the plane. And
I'll tell you how to book it, because if you're
going on holidays, you'll be regretful you didn't book with
Virgin to go flying around the world. Jacob Douglas, great story.
I'll introduce you to him in just a couple of
moments after the news, which is next.

Speaker 1 (58:54):
Setting the agenda and talking the big issues. The mic
conting break best with Alveda, Retirement, Communities, Life your Way,
New togs hed b.

Speaker 2 (59:04):
You just had the American national anthem in the halls
of Windsor Castle and the King has been speaking.

Speaker 23 (59:10):
Our countries are working together in support of crucial diplomatic efforts,
not least which was the President is your own personal
commitment to finding solutions to some of the world's most
intractable conflicts in order to secure peace.

Speaker 2 (59:32):
Trump has a reply, will give you a bit of better.

Speaker 11 (59:34):
It's driven later on.

Speaker 2 (59:36):
In the program meantime at seven past eight. Another name
to add to our collection of the young New Zealand
motor races going place, and Jacob Douglas competes in the
USF Pro two thousand circuit in America. Basically it's the
road to Windy. His seasons just rapily finished fifth over
or he had a win and eight podiums and Jacob
Douglas as well as Jacob morning to you, good morning Mike,
very well and did good to meet you. Sixteen years old.

(59:57):
You were when you left for Indy as a move
as a thing. How big a deal was that?

Speaker 10 (01:00:04):
Yeah, yeah, no, it was a pretty big deal. In
the moment, it was really really cool, and I was
kind of just, you know, another key we going off
overuseas to chase my goals in sports. But now that
I look back at it, I feel, you know, I
see how crazy it really was moving away to America

(01:00:24):
at sixteen on my own. But it was a great experience,
and yeah, I loved every minute of it.

Speaker 2 (01:00:29):
Is each year getting better and easier with experience, Yes, definitely.

Speaker 10 (01:00:34):
Yeah, I meet more people over there, get to grips
with everything, and then of course as I'm getting older
there's more things I can do. It makes it easier.
This year, for example, I could rent a car, which
was the first time, whereas other years have hit uber so,
so that made it a lot easier.

Speaker 2 (01:00:52):
Just talk to it for non motor racing followers. The
USF Pro two thousand. What sort of cow are we
talking about it? It looks to me like a single seat,
like an F two single seater. But you explain it
and how far off the big dance are you?

Speaker 10 (01:01:06):
Yeah, so it's a single seater. It just looks like
a junior if one car, if you like. We're probably
about about little of a ten seconds off off IndyCar
and we yeah, we have kind of all the bells
and whistles. I guess they go pretty quick. We get
up to around two hundred and sixty kilometers at the

(01:01:27):
end of the straightaways, and yeah, we go pretty quick.

Speaker 2 (01:01:31):
The is it directly connected to the Indie circuit? I mean,
are you on the circuits and the ovals and the straits?

Speaker 18 (01:01:39):
Yeah?

Speaker 10 (01:01:39):
So we we have six out of our eight rounds
are with IndyCar, like on the same weekends, on the
same tracks we we race on ims. So on the
Indianapolis Motor Speedway, we don't go on the oval there,
just on the road pust but all of our tracks
that we drive at all indicar circuits and.

Speaker 2 (01:01:57):
Yet your story so you I'm as Sue mean, like
everybody else in this country in a motorsport generally started
in a cat.

Speaker 10 (01:02:04):
Yep, that's right. Yeah, I started out in in a
go cart at Cars Road and Horsal christ Church.

Speaker 2 (01:02:12):
How was it immediate? How did that? Is there a
family connection to karting or you just thought you'd like karting?
And when did the magic kick in?

Speaker 10 (01:02:21):
Yeah? So my dad was always into all things kind
of motorsport. He did a little bit of racing himself
back in the day, but definitely there was nothing right
home about And yeah, so I started out on a
motorbike and then we went out to the go kart
track one day to have a look and someone offered
me a go and it kind of all went from there.

Speaker 2 (01:02:42):
Fantastic and it felt natural right from the start.

Speaker 10 (01:02:47):
I was actually pretty pretty average to start with, so
there was a lot of improvement, but I got there eventually,
so I wouldn't say I was a natural from the
get go.

Speaker 2 (01:02:56):
Did you have mentors or people who advised you? I mean,
how did you get good?

Speaker 10 (01:03:01):
Yeah? I had I had some mentors I had and
go karting, Matt Hamilton and Tiffany Chittenden, who helps me
out a lot. They helped the likes of Marcus Armstrong
who's an Indy Carr at the moment. Yeah, they are
great people and help me a lot along the way
and still do at the moment.

Speaker 2 (01:03:19):
Tiffany, Tiffany is amazing. Isn't she huge? I mean, Lord
knows how many people she's helped over the years. So
from karting to what.

Speaker 10 (01:03:26):
Cutting and then into Formula Ford locally around New Zealand?

Speaker 2 (01:03:31):
Is that worth it? Somebody offered me a drive and
a Formula Forward the other day. I've never been in one.

Speaker 16 (01:03:36):
Is it?

Speaker 2 (01:03:36):
Would that be the thrill of my life?

Speaker 10 (01:03:39):
I reckon you should do it. I think it would
be pretty cool that the old cars, but but they're
good fun. It's got a four speed HVATN and gearbox
and they're pretty tricky to drive. But yeah, I reckon
you should do it.

Speaker 2 (01:03:50):
They look they look tricky from Formula Forward.

Speaker 10 (01:03:53):
To what and then into Formula for in America.

Speaker 2 (01:03:57):
Wow, so you skipped the eighty sixers and all that
sort of stuff.

Speaker 10 (01:04:01):
Yeah, I did it. I was I was kind of
in a tricky tricky time period because it was right
in the middle of COVID, so a lot of the
things in New Zealand got shut down, so I kind
of had to make them move over quite early.

Speaker 2 (01:04:12):
Okay, listen, I want to talk about the money and
how well that's gone as well in just a couple
of moments. Twelve minutes past eight, Jacob Douglas more shortly the.

Speaker 1 (01:04:18):
Mic Asking Breakfast Full Show podcast on iHeartRadio powered by News.

Speaker 2 (01:04:23):
TALKSP Talks at Me. Sixteen past eight Jacob Douglas is
we as part of the USF Pro two thousand circuit. Jacob,
the team you're in pepst am I pronouncing that it's
a famous racing name. Are they good people?

Speaker 10 (01:04:38):
Yeah, they're great people. They do a lot for their
drivers and for the sport and helping out Yeah, people
as much as they can.

Speaker 2 (01:04:47):
The school thing, when you left to go to Indy
at sixteen, where were you at school? How did you
handle that with your parents? Did you have qualifications?

Speaker 10 (01:04:53):
All that that?

Speaker 2 (01:04:54):
I mean, what was thinking? What was the thinking?

Speaker 10 (01:04:57):
Yes, I was at Chriss College and I within year
eleven and I yeah, left school and I kind of
had a year off school and then I enrolled in
online school, which was a tricky I was kind of
just doing it on my own over there with no
one kind of forcing me to do it, so it

(01:05:19):
took a while to get it done.

Speaker 2 (01:05:20):
So you got twelve year, twelve and thirteen, so you
got in CEA or university, the entrance or whatever it
was you were chasing.

Speaker 10 (01:05:26):
Ah, yeah, that's right.

Speaker 2 (01:05:27):
Yeah, okay, So what's now that you're at this USF
Pro two thousand, what's the plan for the next season?

Speaker 10 (01:05:34):
Yeah, so next year I'm heading back to do another
year of USF Pro with a goal to win the
championship and the scholarship into Indie Next, which is one
level below IndyCar. So then all goes well, we'll win
that scholarship, move into Indie next, and hopefully then into IndyCar.

Speaker 2 (01:05:53):
So Indi next is Callum Hedge Liam Skeets there currently
in that side. But where's the money fit into it?
How hard is money and how hard is the hustle?

Speaker 10 (01:06:03):
Yeah, I mean it's a problem every driver faces unfortunately,
the funding side of it. Yeah, I got to work
hard to find sponsors and stuff. We have a unique
way of trying to fund my motorsport career. So we
have a company called JAD and Properties, and JAD and
Properties is our funding pathway from my career. So my

(01:06:26):
parents come from a background and property. Yeah, so it's
a way for us to be able to offer a
return on the money invested into JA and Properties, with
the remaining profit going toward my motorsport career and helping
on the road to IndyCar And is that working? Yeah,
it is working, and it's a way we can we
don't have to ask for something for nothing, which is

(01:06:47):
a lot of what sponsorship is unfortunately. So we can
offer a return on the money with the investor making
someone on top of that.

Speaker 2 (01:06:54):
So, like all of you guys, your parents are there
and they're fully supportive and they're along for the ride.

Speaker 10 (01:07:01):
Yeah, my parents are amazing. They've always been supportive of
me since they won, both my mum and my dad. Yeah,
they work really hard to give me the opportunity. So
I'm really grateful for that.

Speaker 2 (01:07:11):
How close to Dixon McLoughlin those guys, I mean, do
you do you share the paddick? I mean are you
in there or is there you know, is there any
sort of contact there or not?

Speaker 10 (01:07:19):
Yeah, definitely they're really great guys. All three of the
keywis over this are both Scott's and Marcus. I go
to the same gym as Scott Dixon actually, so I
see him every now and then and occasionally occasionally get
a workout and together, which is really cool. And then
Scott McLaughlin is a great guy. He offers a lot
of guidance, a lot of advice, is always there to

(01:07:40):
Linda Linda Eyre whenever, whenever I need, so it's always
cool when I catch up with him as much as
they can on the race weekends.

Speaker 2 (01:07:48):
No one seems to be a prick and motorsport do
they No?

Speaker 10 (01:07:52):
No, Yeah, everyone's great people and they're all there to help,
which is really cool.

Speaker 2 (01:07:56):
Well, good on you. And so between now and the
next season, what do you do? You just hang in
New Zealand? Do you drive a lot?

Speaker 10 (01:08:02):
I drive as much as they can, So we'll be
out in a go cart at Cars Road hopefully twice
a week. And then I own a one of the
old model Tier risk cars, so I'll drive that out
at Royal Puner. So yeah, trying to stay sharp.

Speaker 2 (01:08:17):
Fantastic go well mate, and I wish you all the
very best and we'll stay in touch. Jacob Douglas, who
was part of the USF Pro two thousand and yet
another qwe flying the flag internationally and we wish them
all the very best. Twenty past eight.

Speaker 1 (01:08:32):
The Mate Hosking Breakfast with Bailey's real estate news dog Zib.

Speaker 2 (01:08:36):
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(01:09:00):
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you From About Health asking Mike, I hope you well.

(01:09:43):
My name is Jacob Douglas. He goes on. I want
to introduce myself. If there's an opportunity, I'd love to
do an interview to tell you a bit about my
story and my plans going forward. Thanks for your time.
I look forward to hearing from you. I wrote back
in the early hours of the morning. And that's how
these things work. A great interview about motorsport, Mike. Another
great interview. A great interview Jacob Douglas. Well, I'm amazed
at how well New Zealand produces so many competent and articulate,

(01:10:05):
world class motorsport competitors. Another one to watch and support.
Thank you, Phil. Another young key who's doing well on
the world stage of motorsport. Another amazing and articulate young
motor racer. We should bottle these guys. Phenomenal Mike listening
to another fine young man. Why don't they do a
study on useless appearance versus good parents? It's not bad.

(01:10:26):
What did Trump have to say about the King?

Speaker 22 (01:10:28):
Well tell you that I just stood in line and
shook about one hundred and fifty hands, and the King
knew every single person and every single company, and some
of them had bad names like XYZHQ three, and he
knew every one of them for at least I think
he did because nobody was complaining.

Speaker 2 (01:10:48):
I was very impressed with that, because he invites the
same people at dinner all the time. But nice compliment.
Does he like William?

Speaker 14 (01:10:56):
I just want to say that his Majesty is also
reads the remarkable son and his Royal Highness, Prince of
Wales really amazing.

Speaker 24 (01:11:08):
We've gotten to know you, and I think you're going
to have an unbelievable success in future. Malaney and I
are delayed to visit again with Prince William and to
see her Royal Highness, Princess.

Speaker 14 (01:11:20):
Catherine, so radiant and so healthy, so beautiful. It's really
great honor.

Speaker 12 (01:11:25):
Thank you?

Speaker 2 (01:11:26):
Is he creeping? When you got to the super creep
When you got off the helicopter, he was met by
William and Kate and he apparently went up to her
and said, you're beautiful, You're really beautiful. I assume he
meant it in just a nice way. But I don't
know how you handle that. And I've got to say
to be honest that you know how big a fan
I am of Princess Kate. But she was completely and

(01:11:48):
utterly out dressed today by Milania. I don't know who
does Mlania as styling, but whoever it is, is the
best in the world, literally the best in the world.
Because Kate normally is on point. But today she turned
up in a bird the type color which is very,
very in so there's no criticism there. But she had
what looked like a small cake on her head for
a hat, whereas Milania turns up on those things look

(01:12:11):
like sold the dishes. They're incredible. She looks incredible everything
she does. When she turned up on that trench yesterday
and she walked off the plane, if you look closely,
she's wearing a spectacular pair of boots, and when you're
dealing with those two, money's no object, Styling's no object,
access to fashion is no object. But Cate got completely

(01:12:32):
and utterly out dressed by Milania. Today. No one is
more spectacular sartorially in the world as far as I
can work out on the public stage than Milania Trump.

Speaker 8 (01:12:44):
Well, I mean, whoever's dressing her has all that practice
on all the doubles of course.

Speaker 2 (01:12:47):
Well that's true. I mean do we know that that's
the real one or just one of the couple.

Speaker 8 (01:12:51):
It's hard to see your face underneath the hat.

Speaker 2 (01:12:54):
I still don't have time to tell you about the
Virgin pet thing. I want to tell you how you do.

Speaker 8 (01:12:58):
It's got another half hour.

Speaker 2 (01:12:59):
Yeah, that's true. It's just it's going to take off,
believe me. I mean it's been in Europe for years,
of course, but it's only starting to come before you
know it. Every plane you're on is going to have
a dog and a cat on board. So if you
don't like the idea, you get used to it because
the world is a changing. Let's go to rod and
some more of this royal pomp and pageantry.

Speaker 25 (01:13:20):
After the news which is next to you with News Talk, Seque,
The Breakfast Show, Kiwi's Trust to Stay in the Know,
The mic Asking, Breakfast with Rainthrover leading by example, News Togs, deadb.

Speaker 2 (01:13:36):
Mike looking for a top quality Italian hair dryer? What
was the brand you previously mentioned? Reese Gammer Gama is
what you're after? Never look back. Absolutely brilliant, very small,
very Italian, very powerful, just absolutely brilliant. Twenty three minutes away.

Speaker 17 (01:13:50):
From nine International correspondence with ends an Eye Insurance, peace
of mind for New Zealand business.

Speaker 2 (01:13:58):
Right to the UK We go, Rod, a little bit
of morning to you.

Speaker 11 (01:14:00):
Come on in, Mike.

Speaker 2 (01:14:01):
Now, Trump, the dinner, the pomp, the pageantry. It's I mean,
how gripped is Britain by this as an exercise? Do
you think?

Speaker 26 (01:14:10):
Well?

Speaker 11 (01:14:10):
I don't think you or people are terribly gripped one
way or the other. I mean, there are something like
five thousand protesters in London. Fortunately Trump isn't going anywhere
near London, but they're all saying, what a ghastly band,
what a ghastly man. The rest of the country is
just watching on slightly bemusedly. The only person this is
for is Donald Trump. We are flinging every bit of

(01:14:31):
royal regalia at him that we can in order to
be in order to curry favor. And it seems to
work work last time on his first state visit. It
seems to be working now.

Speaker 2 (01:14:43):
It talks about the power of the monarchy, doesn't it.
I mean, I don't know what Charles thinks of Trump.
I can guess what Charles thinks of Trump. But you
cannot underestimate the power of soft diplomacy.

Speaker 11 (01:14:54):
No, you can't. Well, and we have that, you know,
we have that right. Family is many people want to
do away with and when they're not making friends with
Jeffrey Epstein, and they're very useful to us. And you know,
the rough families. It's had a rough ten or fifteen years,
you know, ever since I suppose really longer than that.

(01:15:16):
But that's a Princess Diana. It's it's it's had its problems,
but at times like this it does show you that,
you know, it's a valuable for something. And so we
erry Trump to Winsor Castle. We give him state banquets.
We have a fly pasted with the red arrows. Everything

(01:15:37):
we can possibly fling it him.

Speaker 2 (01:15:38):
We fling once he leaves Windsor is going to go
to chickens and he's going to meet Key Starmer. Is
Starmer is desperate for good news and good headlines, of course,
so he'll be welcoming that, does he get I mean,
all this take money that's flying about, is that material?
Is that real?

Speaker 11 (01:15:53):
I don't know. It seems to be at the moment
when I first heard the figures that were being talked about,
we're talking about something in the regions billion quid for
some of the text stuff and these and deals on
AI and high tech investment, which will of course go
probably to the southeast of the country mainly. But an

(01:16:13):
enormous philip at a time for the economy when the
economy is pretty much on the rocks, and when Kars
Starmer is desperate for some good news. So whatever the
reality of it, we will certainly be played out as being,
you know, an enormous gift and a consequence of Sir
Kir Starmer and Peter Mandelson's and David Lammy's diplomatic efforts

(01:16:35):
with the Trump administration which have paid off, you know,
let's not take it away from them. They have managed
to get on the right side of Trump, and Trump
is an anglifier.

Speaker 2 (01:16:45):
Yes he is. He does seem to genuinely enjoy himself
having said that the steel tariffs of which you're at
twenty five percent, which was good compared to some countries,
I think you were hoping for zero zero's off. If
that doesn't come to pass, I mean that the relationship,
the whole terror of thing did. What do you do, Yes,
grinham Barrett.

Speaker 11 (01:17:01):
I think we grin and bear it. It's still better
than what the use getting. That sort of matters to
us right now. This is the way England has viewed
its history for the last one thousand years. Are we
doing better than the French and on that particular, that
particular issue, than we are?

Speaker 26 (01:17:17):
No.

Speaker 11 (01:17:18):
It looks as if the plea for no Taus at
all has indeed been roundly dismissed. More importantly is what
is what perhaps Starmer will have to say to Trump
on the issues of Ukraine and Israel and Russia. It

(01:17:39):
is it will be tricky raising those problems, and also,
of course what he's got to say to about Mandleson,
which will have to there will have to be some
sort of exchange over Mandlessoon, which brings you into the
Epstein business.

Speaker 2 (01:17:52):
Yes it does. You have a good weekken Rod will
catch up with you soon if you're not up on
the India. Just quit a couple of quick things out
of Brittany. Iratrian Blake was successful in court. He was
one of the one in one outside. There's none and
none out so far, so that's turning into the predictable bust.
I will come back because I don't have time at
the moment. But the Scottish Parliament has passed a new
law the removal of not proven. They have three things

(01:18:16):
in a court in Scotland. One is guilty, one is
not guilty and one is not proven. And they finally,
after years of arguing about it, changed that. But when
I get time, I will come back to that. Because Mike,
a bit of hypocrisy from the king alienated his brother,
then welcomes another Epstein friend lost any support they clang
onto in this household. Well, you're reading it completely wrong
and in a way you're so exercised about it. I

(01:18:38):
saw a protest as saying exactly the same thing from
the streets of London yesterday. What you've got to understand
is the president is the president. You know, Andrew's just
a Dufas who hangs around the family and is a
bit of a spare royal. The president is the duly
elected representative of the United States of America. You may
not like him, you may not like the way he's behaved,

(01:18:58):
allegedly or not, but the fact is he's the most
powerful man in the world and you've got to deal
with them. It's as simple as that. And that's where
you get to. A poll for Old Kia came out
in Wales. They're having a vote in Wales next year.
On this poll out this morning has the government the
Labor Party in absolute diastrates. It's a you go of
poll thirty percent to the local party. The the Cumbery
Party plaied Cremery Reform is up four to twenty nine.

(01:19:21):
Labour have dropped another four. They're down at fourteen, only
beating the Tories to eleven. So Wales looks like it
might get flipped in May next year unless things changed
dramatically seventeen to two.

Speaker 1 (01:19:34):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, Howard
By News talks.

Speaker 2 (01:19:40):
That be Mike, what are your thoughts on the judge
giving the confiscated gam patch back to the second gang member. Well,
my thoughts are apart from the obvious, which I won't
need to state because they're obvious, is that I'm proud
of Mark Mitchell for making the statement he did, because
Paul Goldsmith has run for cover and I know it's tricky,
I get it, and I know that Judith has had
a word with everybody. And you can't go around, you know,

(01:20:00):
sizing the judiciary, but get you. I wouldn't be a
politician if I was a politician, If I was the
Minister of Police, the Minister of Justice in a government
that said we were going to do certain things in
the crime and justice area. And I was watching that,
I couldn't live with myself without saying something. And Judith
can come and yell at me all she wants, you know,
otherwise you lose your integrity. Surely, isn't that the answer?

(01:20:22):
So well done Mark Mitchell on that Mike Morning, in
case no one else has reported it, which they haven't.
Well done, Brian, and this is why the listenership of
the show is so valuable. Tesla have released the update
for the FSD to New Zealand customers this morning. As
of eight thirty this morning, so the full support of
driving supervised, not that you might read supervised. Maybe you
read supervised or not. Maybe you want to put it

(01:20:43):
into your car and just you know, cross your arms
and pretend to go to sleep, and next thing you know,
you're in a poll. But there you go. Eleven four
hundred dollars. That's the optional extra. As far as an
optional extra goes, eleven four hundred dollars is how many
people you think are going to get it as a percentage?
Do a percentage, So of the number of cars sold
in code, what percentage of people? Add another eleven and

(01:21:05):
a half thousand dollars to the price of a Tesla
and want it. You can subscribe if you wanted one
hundred and fifty nine dollars a month. That takes you
to basically six years, which is probably longer than you're
going to hold the car anyway, So work out the numbers.
But I would guess next to no one I'll be
interested with whether I press front actually speak of what cars.

(01:21:25):
I don't want to bore you with my own personal problems.
But yesterday I went down to the garage to start
a car that I particularly like, and I drive it
periodically and it wouldn't start, and I knew it was
sort of maybe maybe not going to start because I thought,
I don't drive this car enough. And if you don't
drive a car enough, what happens is basically it dies.

Speaker 8 (01:21:44):
You can get a special battery for that, can't you interesting?

Speaker 2 (01:21:47):
You should say that, Glenn. So when this happened, I
the last couple of times it went and it started
up in a drive it round, but just not enough.
So yesterday I rang my mate Max, who works at
Continental Cars, and I said, Max, do you have a
person who comes around and jump starts cars? And he goes, yes,
I do. And I said, just one quick question. Is
the battery in the front or the back? Because it

(01:22:09):
was jammed into a car park in a building. And
he goes, oh, you in town? I said yes I am.
He goes, oh, come run see you now. Now there's
a car salesman. Right, there's a car sales me. He
owes me nothing. He doesn't have to come round and
solve my problem. He's not a mechanic. He doesn't specialize
in idiots who don't start their car often enough, and
I'll solve your problem. He's not even in that area.
He's just a car sales and me. He said, oh,
come around right now, And ten minutes later he was

(01:22:29):
run at my house and you brought this special thing
and I wish I had the name of it in
front of me. But it's a jumpstarter, obviously, but it's
a tiny little thing that does one hundred and twenty
starts for your average car before it needs recharging. In fact,
if you go to recharge a car and jump it
and you leave it on the car for forty seconds,
it'll recharge the thing itself. So it's fantastic. Anyway he starts,
my car just comes around just because he's a good bloke.

(01:22:51):
How good a service is that? And what do you
think as a result of that, I'm gonna feel towards
him and his company? Guess what I'm gonna feel good
about it? Aren't I? Anyway? So I got my car
and I drive halfway to South Auckland, all the way
down to Drury brom on the motorway and all the
way back.

Speaker 8 (01:23:04):
But I think you need one of those batteries like
my mum now has in her car because the last
time she took her car and for a service, the
mechanics said she's not really driving this very much. She
plug it in and now it's just some some kind
of different battery that does that holds its charge.

Speaker 2 (01:23:23):
You know, not a lithium, but I don't know. Well
it's probably If it is, then you can plug it in.
And then some cars come with a plug in.

Speaker 8 (01:23:29):
No, no, it doesn't plug ins.

Speaker 2 (01:23:31):
It's not an electric car, but it plugs into the battery,
and a lot of cars do that.

Speaker 8 (01:23:34):
I'm just telling you the battery doesn't plug in. It's
just a special battery that lasts longer between uses. And
so I'm just saying basically, what I'm saying is it
sounds like you need an old lady's battery in your car.
What sort of car she got, it's a the car
preferred by car thieves, a.

Speaker 2 (01:23:54):
Mesodemio, the Mighty, the Mighty Master. Anyway, So once again
another example of Max, who didn't have to do anything,
did because he's a good guy. And when you service
people nicely and you look after them, guess what you
feel good about life? Don't you turn away from nine.

Speaker 1 (01:24:10):
The Mike Hosking Breakfast with a Vida, Retirement Communities News,
Tom tad b.

Speaker 2 (01:24:15):
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you know, construction on the farm, that sort of hard,
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(01:24:38):
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(01:24:59):
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dot m z.

Speaker 3 (01:25:17):
Pasking.

Speaker 2 (01:25:18):
It's a projector by Intel Start. It's a cute little
thing with two buy somebody one for Christmas. It just
blew my mind. I thought's the gross thing in the world.
Virgin God I got there at last. Initially they're trying
it for Melbourne Gold Coast Melbourne Sunshine Coast one hundred
and forty nine dollars an animal one way. After January
next year, all of Virgin's domestic flights in Australia are

(01:25:40):
going to be available. It will restrict the number of
pets per flight to four. They will assign the pet
owner to designated seats in a couple of prise you
get eighteen eighty and f twenty to twenty.

Speaker 8 (01:25:52):
F adjacent seats. It's some potentially disastrous, isn't it?

Speaker 2 (01:26:00):
The thoughts at twenty and twenty. Yet they don't get
on how badly can it go? Pretty badly, I would
have thought. But anyway, there's the future for you there
five minutes away from nine.

Speaker 1 (01:26:07):
It's trending now with Chamast Warehouse, I'll prize Fighter would.

Speaker 21 (01:26:12):
Sail on now.

Speaker 2 (01:26:13):
Nancy Mace. You know the name South Carolina congresswoman and
Ilhan Omar. Anyway, here's Nancy here.

Speaker 10 (01:26:20):
I am standing.

Speaker 26 (01:26:21):
Outside of the anti American Elain Omar's office. Tomorrow we
will follow a privileged motion to censure her and to
shiper he committee assignments. I'm tired of your performative bs
that is putting lives in danger.

Speaker 2 (01:26:42):
I love the way she got the echo in there.
Gives a real production value. Doesn't it one way ticket
to Somalia for you? Ilhan Omar? She says, this is
Mace is your ridiculous censure about me being born in Somalia.
This is il Han hitting back because that's just as
crazy as as you are. Would love to see you
get the help you need. Next you belong in rehab,

(01:27:03):
not Congress. Who knows, Maybe I'll be about you marrying
your brother next tune in Mace Central resolution could be
voted on as soon as today. Does it get to
the point of being tyresome? This stuff like at the start,

(01:27:25):
is it one of those things that at the start
you thought, yes, it's moderately entertaining, they're all nuts, and
then it gets to the point where you know it
just becomes pathetic by the way, just very quickly, a
question you can think about today and give me an
answer by tomorrow. B and pl You know the buy now,
pay later business, lay By, which was the company they
went into receivership this year. This last year they went

(01:27:46):
in as of yesterday apparently into liquidation. They owe fifteen
million to creditors. Anyway, I've been fascinated by the buy now,
pay later market, and I mentioned the other day Klana,
which is a global player. They ipo'd the other day
and they're worth billions. They're the iPod up at billions
and billions of dollars. So is it the buying our
pay later thing that doesn't work, or is it Layby's
model that doesn't work? Or is Layby just being local

(01:28:06):
the problem and therefore New Zealand's the problem. But buy now,
pay later, if you go global, is workable? Have you
used by our pay later? Is it a thing of
the future, et cetera. Is it as uplifting and interesting
as carrying pets on a plane. We can develop a
whole show for the future. But anyway, that's for tomorrow.
As always, Happy days.

Speaker 1 (01:28:24):
For more from the Mic Asking Breakfast listen live to
news talks that'd be from six am weekdays, or follow
the podcast on iHeartRadio

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