Full Show Podcast: 19 May 2025

Episode Transcript
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Speaker 1 (00:00):
It's your source of freaking news, challenging opinion and honored facts.
The Mike Hosking Breakfast with Veda, Retirement Communities, Life Your
Way News, togs Head been.

Speaker 2 (00:11):
Wedding him Welcome today. Banks come to the party to
make it easier for some first home buyers. We got
a new bill to make it easier potentially to buy
a farm. We've got new stats around how many kids
are getting educated these days from home. The PM is
in fresh from the week of cast distribution leading up
to the budget. The lads and the commentary box up
for rape. Richard arm Steve Price, they're part of it
all as well, pasking welcome to a new week. Seven

(00:32):
past six. The money market didn't seem to indicate that
the Dolphins were in with the chance. They were not
the favorites, but they weren't paying crazy money either, and
so it turned out to be I suppose reminding us
the old saying that you need to follow the money
that tends to be right. Although for most of the
game there was little doubt that we were the better side.
Of course, not a lot of points for most of it,
but as the commentator said at one stage, an enthralling game,
and I thought he was probably right. Fisher Harris is awesome,

(00:55):
but to e vasishek also back in the side, didn't
seem to make the impact you might have hoped for. Really,
it was all over until the Dotin started scoring in
a Warriors of Old kind of way. One try, that's
nothing too, try a bit of a sniff, and then
all of a sudden they were back. But the biggest
opponent was no longer US, but the clock, and they
ran out of time. They called it a nail bitter.

(01:15):
I suppose it was, but I didn't really have any doubt.
And what's interesting now if you look at the table,
is there's quite the gap between the top two or
three and the rest of the competition. The Bulldogs won,
and they won well in a thriller, so the gap
between them and US remains a couple of points. But
the gap between US and the include the Raiders if
you like, and the rest of the field. It's multi game.
I mean, what's normally a raizer thin points, ladders looking

(01:36):
like a couple of really high quality teams, and the
rest are languishing trying to work out how to match US.
If things continue, then Week twenty three is the one
to look out for Week twenty three. It's going to
be one for the ages, the Bulldogs via the Warrior's
House sold outs. That can to be, But for now
we march on. As always, you can find things to
work on. I guess should we have leaked those final points?

(01:56):
Should it have been that close? Should Fisher Harris have
been sent off and left with twelve? But also, as always,
what counts as the result, and we won. We won again.
We keep winning. We really are really, really good and
it's a thrill to watch. And yes, as each week passes,
it looks more and more like this is our year.

Speaker 3 (02:22):
Who news of.

Speaker 1 (02:23):
The world in ninety seconds.

Speaker 2 (02:26):
And the good of gathered in Rome for the new
Pope's and augural mass.

Speaker 3 (02:29):
Comes out to the laudial.

Speaker 4 (02:31):
In this a time, we still see too much discord,
too many wounds caused by hatred, violence, prejudice, and an
economic system that exploits the Earth's resources and marginalizes the poorest.

Speaker 2 (02:44):
US President hitting the phones tomorrow, he tells us to
at least have a crack and a bit of Ukrainian peace. Meantime,
back in Gazan, no sign of anything good.

Speaker 5 (02:51):
In the Alamas, the area this morning where thirty six
people were killed in so called safe So it's difficult
to describe in words what's happening here. The constant sound
of bombardon and jets overhead.

Speaker 2 (03:05):
Then from the EU they're and talks with the British
liber at post bricks sort of deal that although it
looks a lot like pre bricks, it isn't.

Speaker 6 (03:12):
You want to emerge with a deal. As I say that,
we can say it makes our borders more secures, bringing
is good for jobs and growth, and he's bringing people's
household bills down. That is what is in our national
interests and that's what we'll continue to do over these
final few hours.

Speaker 2 (03:27):
Tory is not convinced.

Speaker 7 (03:28):
We may well be looking at a scheme which allows
thirty year olds to come over and claim access to
the NHS on day one, to claim benefits on day one,
to bring their extended families.

Speaker 2 (03:39):
More detail over the weekend, yet again reinforcing the fact
that Biden didn't have a clue what was going on
when he reigned the place.

Speaker 8 (03:46):
So this is I'm at this stage two thousand man.

Speaker 2 (03:57):
Yeah. Then in New York we got the ship tall
my really tall masts certainly taller than the bridge. It
all went to custard.

Speaker 9 (04:04):
It felt like maybe that there was something wrong from
the moment they got out into the river and they
were fighting that and just kind of drifted very slowly
back towards the bridge. It was kind of like a
slow motion event.

Speaker 2 (04:15):
Unfounded. Finally, a new study out of the UK's found
that semi colon use is in terminal decline and there
is fear that could be removed completely from grammar. The
usage has dropped by almost half in the last two decades,
as putting a semi colon in your workers seeing as
well being a bit snooty, while one author described it
as its incessant use as an embarrassment to families and friends.

(04:36):
For the record of semi colon indicja pause between two
main clauses, that is more pronounced than a comma, and
that as news of the world. In ninety Moodies, I
think I'm right in saying or check in a moment,
I think I'm right in saying the United States were
the last with the triple A credit rating. Moodies had
to look at that and said, not anymore, you're not.
We've gone double A one, So more on that in

(04:57):
the moment. Twelve past six.

Speaker 1 (05:00):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio, how
of my News Talk SEPPI.

Speaker 2 (05:08):
A lot of democracy going on this morning, and Romania
poll in Portugal or come back to most of them
in a moment. But the exit polls just had the
Romanian situation's fascinating. This is the runoff for the presidential race.
The guy Simmyon who won last time the first run
didn't get the fifty percent, so we've got the runoff,
and the runoff is with the book arrest mayor guy
called Dan Nikasaw, Dan versus George Simmons. Simeon's off the

(05:30):
far right. Dan's winning. First exit poll turnout high at
sixty five percent, So Dan's got fifty five percent to
forty five. So one guess is that's over. Fifteen past
six from Joy my Wealth Andrew Callah, very good morning,
you got morning, Mic. So the good news, let's start
with the good news manufacturing as opposed to consumer confidence,

(05:50):
which isn't up. Manufacturing is up.

Speaker 10 (05:53):
It is, Hey, before we do that, though, fifteen dollars
that's what the Warriors are paying to win the whole
thing fifteen bucks, Panthers.

Speaker 11 (06:01):
Bulldogs and stormer in front of them. What do you reckon?

Speaker 2 (06:04):
What are the bulldogs paying?

Speaker 11 (06:06):
Not sure I think, but they're all about they're all less.

Speaker 2 (06:08):
Fifteen not bad, not bad. With a shout Andrew.

Speaker 11 (06:13):
Anyway, let's talk manufacturing.

Speaker 10 (06:15):
Yeah, this is also going to start the week on
a positive note because last week we had some sort
of softish starter like things like cards.

Speaker 11 (06:21):
Spending that was a bit weaker than we thought.

Speaker 10 (06:23):
So we've got the green shoots that we're not really
following through with the spending. There was a number of
companies who've been commenting on week discretionary spending, migration was
a bit soggy than we thought. And then Fletcher Building
that they're restructure at the end of the week, and
in their comments they said there is a lack of
any material momentum in the recovery of New Zealand's economy.
So that was a little bit of a downer, But
manufacturing's not. I mean a year ago it was looking

(06:45):
pretty sick. But if we look at the Business New
Zealand B and Z performance of manufacturing, they headline number
fifty three point nine up point seven of a point.
That is an uptick in an already expanding sector. So
you've got four months in a row of expansion. And
then I look into the subcategories production, new orders, employment,
all in positive territory.

Speaker 11 (07:04):
As I said, a year.

Speaker 10 (07:04):
Ago or not even a year ago. Last June, this
index at at forty one point four, So we've got
a really good indication that there is a manufacturing recovery.

Speaker 11 (07:15):
We can't ignore that.

Speaker 10 (07:17):
I sort of tend to agree with a bit of
a view out there that there's an underlying issue now
is whether we can sort of sustain these little pockets
of momentum that we do have. You know, agri looks
good and manufacturers looking good. But Mike, I think global
events do seem to potentially play a big role in
that whether or not we can keep that momentum going
because we've got you know, you've got the concerns around

(07:39):
the US recession, got concerns around the impact of global
trade tariffs and.

Speaker 11 (07:43):
Not but on an international comparison, we look good.

Speaker 10 (07:47):
JP Morgan global manufacturing PMI is at forty.

Speaker 12 (07:50):
Nine point one.

Speaker 10 (07:51):
Now, admittedly, the global sort of tariff uncertainty that'll be
impacting these larger manufacturing economies to a fire great extent
than US, but fifty three point nine we're looking pretty
good on a global comparison at the moment.

Speaker 2 (08:04):
Yeah, I reckon. Now, these inflation expectations up, so that's bad.
But within the band, So does that negate that or not?

Speaker 11 (08:11):
Well, I think there will be. This is potentially a
little bit of concern for the rbn Z.

Speaker 10 (08:15):
So on Friday, the RBNZ release there may survey of expectations,
and inflation expectations have picked up right across the all
of the time horizons, so specifically, one year has gone
from two point one five to two point four one,
two years has gone from two point oh six to
two point twenty nine. So you're right, they're not massive moves,
still in the one to three percent band, but they're

(08:36):
sort of heading the wrong way in the year's time.
Respondents also expect the OCR to be at two point
nine one per cent of under three.

Speaker 11 (08:42):
That seems reasonable. Look, it's just not.

Speaker 10 (08:45):
A good sign that inflation expectations are lifting. I think
this will be noted by the rbn ZED Monetary Policy Committee.

Speaker 11 (08:52):
They'll also have to weigh up what I was.

Speaker 10 (08:54):
Talking about before the headlines the concerns around the tariff
global tariff landscape, and I think that will have played
on these responses. But Mike, you look at that selected
price and those selective price indexers last week, those outcomes
there suggest that inflation will creep up this year. It'll
get into the high twos, it'll be closer to three.
And I think you, look, there is the chance that

(09:15):
this will elicit some caution on the OCI. Moves from
the abbey and said, the good thing, Mike is on
twenty eight to May next week, we'll get an answer
to this, or potentially.

Speaker 11 (09:24):
Get an answer.

Speaker 2 (09:25):
We will double A plus A yeah.

Speaker 11 (09:27):
Yeah, very quickly.

Speaker 10 (09:28):
US federal government credit rating A change seems dramatic, doesn't it.
But this is Moody going from triple A to double
A plus. But that just moves Moody in line with
the other credit agencies. I mean Fitch downgrade at the
US and twenty twenty three S and p of ben
there since twenty eleven. But the downgrade reflects the increase
over more than a decade in government debt interest and
payment ratios to levels that are significantly higher than similarly

(09:51):
rated sovereigns. Look, it's not it's not the end of
the world, but it is sort of a pointer that
they've got to do something about black deficit.

Speaker 2 (09:59):
You can live beyond your means, no ever our numbers please.

Speaker 10 (10:03):
Yeah, So a good week last week, a good week.
The recovery from sort of April the ninth continues. The
Dale Jones was up three hundred and thirty two points
forty two thousand, six hundred and fifty four. That's over
three cores of percent, The S and P five hundred
gain forty one, closing the week just under six thousand,
five nine five eight. That was up point seven percent,

(10:24):
and the Nasdak also up half a percent ninety eight
points nineteen thousand, two hundred and eleven forty one hundred
up point five nine percent eight six eighty four. The
nick Vich unchanged three seven seven five four. Shanghai composite
was down point four percent three three six seven. The
Aussie's gained point five six of a percent forty six
points eight three four to three on the A six

(10:46):
two hundred and then sex fifty actually fell to close
the week ninety four points point seven three percent four
twelve thousand, seven hundred and eighty six.

Speaker 11 (10:54):
We're starting the week with.

Speaker 10 (10:55):
Chemi dollar at point five eight seven seven against the
US point nine one four seven is ossie point five
to sixty five euro point four four one two pounds
eighty five point five in Japanese yen gold three thousand,
two hundred and four dollars and oil finished the week
last week at sixty five dollars and forty one cents.

Speaker 2 (11:12):
Go well, have a good week and we'll catch up
next time. Andrew kellerhea jmiwealth dot co dot mzit. He's
off tasking week. Rischmont is the name you may or
may not know, but it's an insight into luxury. They
own Cartier and not only Cartier, but Van Cleff and Uphell's. Anyway,
they're doing really well, so there's money out there to
be spent on luxury. It's the right sort of luxury.
Better than expected for the fourth quarter, revenues are up

(11:33):
seven percent. They pulled in five point one seven billion
euros worth of watches and jewelry six twenty one heard
News Talks there'd be next.

Speaker 1 (11:48):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (11:53):
At b Portugal third general election in three years, so
place a bit of a mess, and they've got a
presidential race on. But then we've got Romania, which I
gave you the results of the exit poles just a
couple of moments ago. Simeon, who's coming a fairly distant second.
He's nine points behind. He's the Trump supporter. He doesn't

(12:13):
like the look of the exit poles, not doesn't like
the look of them at all. So he's rejecting them now.
So he's rejecting the exit poles. And he says, not
only is he rejecting the exit poles, he's gone, I'm
the new president. So he's declared himself for the winner,
and he insists his estimate to put him ahead by
some four hundred thousand bucks. So she's going to be
an interesting old day in Romania. Six twenty five.

Speaker 1 (12:35):
Trending now quit chemist wareuse mayhem megasale on now.

Speaker 2 (12:40):
Elton John not happy with the British government. So he's
on the BBC's Sunday program. He was asked about the
government's proposal to allow tech firms to use copyright protected
work without permission.

Speaker 13 (12:49):
They be committing theft fevery on the highest scale. It's
criminal and I feel incredibly betrayed. The House of Lords
did a vote and it was more than two to
one in our favor. The government just looked at it
as if to say, well, the old people, you know,
the old people like me can afford it. Some people
aren't like me. They don't earn as much as I do,
but they when they're creative, and it comes from the

(13:10):
human soul and not a machine, because a machine isn't
capable of writing anything with any soul in it. If
you've got to get rid of that, and you're going
to rob young people of their legacy and their income,
it's a criminal offense.

Speaker 2 (13:24):
I think.

Speaker 13 (13:24):
I think the government are just being absolute losers, and
I'm very angry about it. I don't know who the
Tech Minister is. What's his name, Peter Kyle? Yeah, well
he's a bit of a morn.

Speaker 2 (13:35):
Sorry, here we go. Very articulate. Its always been very articulate.
He's going to take them to court if they don't
change the plans, and good luck to him. Speaking of
the tick groc, which was invented by musk false claims
about white genocide in South Africa that was caused by humans,
underscores a key problem with AI chetbots don't believe the
word they say because they might be saying something that's

(13:57):
completely and utterly wrong. By the way, Trump's run into
trouble over the weekend. That eat the tariffs thing? Does
he think people are really stupid? So he says to
Walmart over the weekend, Walmart go, while we're gonna have
to pass on the price and we're gonna have to
put the price of stuff up. He goes, No, you
guys can eat the tariffs. What he originally told us,
of course, was that China was going to pay all this,

(14:17):
So China would pay for the tariffs, no worries at all,
and they'd bring in trillions and trillions and trillions of dollars.
We all know that tariffs are passed on. They passed
on from China to the retailer, and the retailer passes
them on to the consumer. And then suddenly Trump's running
the old will you can eat the traffs. Other thing
he ran into over the weekend was this big beautiful
tax bill failed, and he's got major troubles here because

(14:40):
five Republicans bailed on him, and he was tight at
the best of times. So I don't know.

Speaker 12 (14:45):
Where this goes, but we'll get the update with Richard
Arnold Stateside in a couple of moments.

Speaker 2 (14:49):
Meantime, the news is next. It's Monday morning on the
Mike Hoskin Bricks to your Homes five years dumb mill,
the news end.

Speaker 1 (15:00):
The news makers, the Mi Hosking breakfast with the range
rover villa designed to intrigue and use togs dead.

Speaker 2 (15:08):
B The Fan's economy contracted more than they thought, which
is never a good sign given they are they still
the third or are they now the fourth biggest economy
in the world. Anyway, it was bad.

Speaker 12 (15:15):
You's twenty three minutes away from seven Richard Island, Stateside.

Speaker 2 (15:19):
We've got a man named in the Palm Springs attack
that they call terror over the weekend, and of course
beyond gaing business of the tariffs, and we've got the
big beautiful bill and all sorts of things to cover
off as usual. Meantime, back here, some banks are coming
to the first time biased party rules are being relaxed
around borrowers using flatmates to pay the mortgage. Right, So
it used to be that you needed sign documentation from

(15:41):
the flatmate, but now a declaration of intent is all
that's needed now Resident economists at Opus Partners Ed mcnighters
will us d morning to you.

Speaker 14 (15:50):
Good morning, Mike.

Speaker 2 (15:51):
I'm assuming based on the idea that really you're not
going along to try and you know, rip off the
banks and lie to them, and that if you want
a mortgage, you'll get a mortgage in your disas to
pay it, and you're not going to be a fool
about it.

Speaker 15 (16:03):
That's genuously the case, and I think it was a
bit tough. Previously we had to sign up a flatmate
before you even bought the flat because it's kind of
a cut before the horse kind of thing. So now
just saying hey, look I'm planning on getting a flat mat,
I'll do it once I buy the house, I think
that makes it much easier.

Speaker 14 (16:18):
I did that myself when I've bought my first.

Speaker 15 (16:20):
Home, rather than having to find the flatmate before you
actually bought the house.

Speaker 2 (16:23):
Is the fragility of the arrangement a problem. I mean,
you've got the flatmate, then the flatmate moves out, and
then you've got to cover the difference between when the
old fund leaves and the new one arrives, et cetera.

Speaker 15 (16:33):
Well, there's a lot of stress tests in the bank's
applications already. So if you go and get a mortgage today,
you'll probably pay about five percent interest rate, but the
banks are going to be stress testing you on about
seven percent already. There's quite a bit of fat and
the bank's mortgage application. So just trading a few of
the rules around flatmates, I don't think it's going to
make any of the banks fall over.

Speaker 2 (16:54):
Does it make a big difference when you juxtapose it
with deposits, LVRSBT to income ratios.

Speaker 12 (17:00):
And all of that.

Speaker 15 (17:02):
It makes a difference, but perhaps not as much as
you might think. So rather than a silver bullet to
help first home buyers get into the market, I'm calling
this more of a maybe a brass bullet or a
tin bullet. But from an income perspective, if you've got
a flatmate in for two hundred bucks a week, it's
about an extra one hundred and thirty thousand dollars worth
of lending. Now, that's only from an income perspective, And

(17:25):
the reason I call it a brass bullet is because
usually it's deposit that holds first home buyers back. When
we look at first home buyers debt to income ratios,
compared to owner occupies, like other second home third home
buyers who are upgrading to bigger and bigger houses, those
people actually take on more debt compared to their incomes.
The first home buyers, it's the deposit holding them back.

Speaker 2 (17:47):
Okay, how much of this driver is driving business for
the banks? In other words, they're saying, right, this is
an avenue for us in times that we can get
a bit of business through the door.

Speaker 15 (17:54):
Well, this is a part of a general trend where
banks are competing on policy, and I think it's a
very good thing. Which is basically, if an Z has
such tight criteria that you can't get a mortgage through them,
but asb have loosened some things and you can actually
get a mortgage through them, well it doesn't matter who's
got the higher interest rate. If you're a first home buyer,
you're going to the bank that's actually going to give

(18:16):
you the mortgage. So I think this is a good thing.
We've also seen a little change in terms of interest
only mortgages out of am Z as well, so that's
going to be very good for investors. But this is
a trend we're seeing where banks are saying, other than
just dropping interest rates?

Speaker 14 (18:30):
What else can we do to become the preferred bank
for borrowers?

Speaker 2 (18:33):
What you read on the economic the moment are be
next week? On the cash rights are twenty five points?
What have you got neutral?

Speaker 14 (18:39):
At neutral?

Speaker 15 (18:42):
Two point seventy five percent? Is I think where we're
to end up? If I had to take a guest
for your.

Speaker 2 (18:46):
Mic and is it bullish? Out there? Are people wanting money?

Speaker 15 (18:51):
We're seeing a slow recovery. About seventy four thousand houses
sold over the last year. We're talking about the housing market.
We bottomed outed about.

Speaker 14 (18:59):
Fifty thousand houses, so you know there's an.

Speaker 15 (19:02):
Extra eighteen thousand houses selling compared to the bottom of
the market in twenty twenty three. But it's a slow recovery.
I think that's the same for the whole of the economy.
You're probably hearing it from people yourself, where people are nervous,
and I think it's the uncertainty that kills People's giving
an economics presentation to a board of a large industry
organization and they said to me, ed, it has never

(19:23):
felt so uncertain at the moment. How do we decide
whether to invest and grow our organization or not? When
we don't know what's going to happen next week when
the Reserve Bank makes their announcements.

Speaker 2 (19:34):
Not a bad question. I appreciate of Ed mckknight, who's
resident economists at opu's partners. It is nineteen minutes away
from seven last speed, which we referenced it and didn't
give the numbers. The consumer sentiment side of the equation,
manufacturings on the up. That's encouraging consumer those still in
expansionary mode, but only just for April. We went from
fifty two to two down to fifty point eight. Fifty

(19:55):
plus is what you need to see. Second lowest reading
on record. Majority of the survey a completed on the
business of you know, all the China and deals in
the ninety day, et cetera. So just expansionary at fifty
point eight at the moment, eighteen to two.

Speaker 1 (20:12):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talk ZIP.

Speaker 2 (20:20):
Just going back to Andrew Kellerher who raised the prospect
that the Warriors at fifteen bucks and he didn't have
the Bulldogs and the Storm number. The Bulldogs at four,
the Storm at three. I don't know why the Storm
are at three I get the Storm at good but
the Bulldogs are better anyway. The Bulldogs at four in
the Storm at three, the Warriors at fifteen. That's not
bad money, Mike. I got the Warriors at twenty One's

(20:41):
same price. I got Crystal Palace full back in January.
It's an omen world. I'm Glenn six forty.

Speaker 1 (20:46):
Five International correspondence with ends an eye insurance, peace of
mind for New Zealand business.

Speaker 2 (20:51):
Stay time, Richard Arlbery, Good morning, the good one.

Speaker 8 (20:54):
Are you making now?

Speaker 2 (20:55):
This big beautiful bill? Five short? Five Republicans bailed? So
what happens now?

Speaker 14 (21:01):
Well and I go.

Speaker 8 (21:02):
This is Trump facing some pretty strong headwinds after his
return from Limited East celebrations on his key legislative plan
revolved by this handful of members of his own party
blocked the advancement out of committee, a cause for locking
into place tax cunts, which mostly benefit the wealthy, although
it also calls for no taxes on tips, which was
a Trump campaign pledge. But to try and pay for

(21:24):
some of the tax cuts and increases in military and
immigration enforcement spending, they would seek to cut medical aid
and food for the poor, and clean energy initiatives, all
to bust the budget even further by another four or
five trillion, even as the Moody's Credit agency rating has

(21:45):
just been downgraded, taking the United States from the top
level to the first time. Amid fears over swing debt,
Scott Bussanti, Trump Treasury secretary, is dismissing that part of it.

Speaker 14 (21:54):
I think that Moody's is a lagging indicator. I think
that's what everyone thinks of crediting.

Speaker 8 (22:00):
Yeah, tell that to the bank next time you're going
for a loan. Right, So, even if they push for
a House vote and managed to get that through, there's
a long long way to go in this budget battle.
Republican Josh Hawley, who supported the Trump claim about stole
an election, says, on cutting healthcare.

Speaker 12 (22:14):
It is wrong to cut healthcare for the working poor.

Speaker 14 (22:18):
That's what we're talking about here with Medicaid.

Speaker 8 (22:19):
Yeah, so he is clearly thinking about his own electric
and possible future elections. Republican Senator Rand Paul is among
several Republicans who say that that should be cut even
more than the Trump team is outlining, so somewhat more
cuts someone less. On the tariff front, Trump also is
slamming Walmart right now. Of course, is country's biggest retailer

(22:41):
for proposing price hikes on a lot of their products,
which are important because of the Trump tariffs. Trump says
Walmart made billions in profits last year, they should quote
eat the tariffs. Meantime, on foreign policy, Trump will have
separate calls tomorrow with the leaders of Russia and Ukraine.
He will speak separately with Olenskia with Putin. Trump's negotiator,
Steve Wikoff, is voicing confidence today red Trump his.

Speaker 16 (23:05):
Sensibility or that he's got to get on the phone
with President Putin and that is going to clear up
some of the large jam and get us to the
place that we need to get to. And I think
it's going to be a very successful call.

Speaker 8 (23:18):
Well, on the eve of what he suggests could be
a very successful call, Putin ordered another drone attack on Ukraine,
hitting a shuttle bus carrying civilians and killing at least
nine people. Later, so Zalenski says, the Russians could not
have failed to be aware of what kind of bus
they were hacking.

Speaker 2 (23:34):
And we've got now Palm Springs, we got the name
of the blog.

Speaker 3 (23:38):
Yeah.

Speaker 8 (23:38):
The FBI has just given an on scene briefing about
this car bomb attack on a fertility clinic there. They've
named the bomber as twenty five year old Guy Bartkis,
who died in the blast. They are searching his family
home right now and it's about an hour from the scene.
They say this was a terrorist assault and a massive attack,
says the FBI's Acculled Davis.

Speaker 9 (23:56):
This is probably the largest bombing scene that we've had
in southern California.

Speaker 8 (24:00):
So putting it in that perspective, he says, there is
debris covering blocks, and the front part of the in
vitro clinic, as many will have seen, was completely demolished. Fortunately,
no one in the clinic was killed, and says the FBI.

Speaker 17 (24:13):
You're able to see all of the embryos at this facility.

Speaker 9 (24:17):
Good guys, one, bad guys, zero.

Speaker 8 (24:19):
Well, not entirely. Four people on the streets suffered minor
injuries in the blasts. Meantime, the FEDS are going through
what they say was a manifesto left by this bomber.
It ount lies what they describe as an anti natalist
ideology of beliefs that no one, no human should have children.

Speaker 14 (24:34):
So bizarre.

Speaker 2 (24:35):
All right, all right, might see Wednesday. Richard Arl state side, Mike,
please ask the big banks next time you get the
mon Wide and New Zealand mortgage holders play a higher
margin between the ocr and their loan than their Australian counterparts.
We've answered this many times on the program. I debate
whether the answers real. Part of the argument is because
the banks have to hold more money, and that's an

(24:55):
adriena or thing. More money for a rainy day, the
just in case money, and the more they hold, the
higher the margin. And the other argument of courses of
Australia's a twenty seven million person market. We're a five
million person market, and therefore you can have a bigger argument.
The government, the Commerce Commission would argue against it. But
it's an ongoing debate. As they say ten to seven, the.

Speaker 1 (25:18):
Mic Hosking Breakfast with Bailey's Real Estate News Talks said,
be your Piece.

Speaker 2 (25:22):
Are reported this morning about the hospo sector. I'm increasingly
over the hospo sector moaning, and I'm increasingly over bodies
that represent groups of the economy in their incessant whining
about how miserable life is now In some sectors, life
is tough. No one's going to argue that the cost
of living crisis hasn't had a lot of us in
this economy. I get all of that, but all you

(25:44):
ever hear from hospital is how dreadful it is, how
everyone's closing, and how none of it's any good. And
the reporters this morning is generally suggesting that really things
aren't as bad as they make it out. It's not
all doom and gloom. And this is specifically out of Wellington,
and some are tired of being the post a child
for a struggling capital city. So very well said. I've

(26:04):
got friends this person who's been quoted, he's in the
hospow industry. I have friends who are builders and plumbers
and those sectors feel way more hard hit than the
hospitality one. Well, that's anecdotal, isn't it. They may or
may not be. My increasing impression of the hospitality sector
in this country, and this is from personal experience and
the experience of francis you can do well, and it's

(26:25):
applicable to any sort of business and any sort of
sector in this economy. You can do well. But there's
a couple of key ingredients in things like hospo and
that is you need to be open and so this
long weekend business or closing the kitchen at two or
three o'clock, or we're not quite open on Sundays or
we're a bit tired on Mondays and all that sort
of stuff. Either open or date. And if you can't
be bothered, don't whine. Second of all, you need some

(26:47):
good staff. And to get good staff, you need to
pay people good money. Then you need to supply good product.
And all the places that we deal with and we
deal with a number of places on an ongoing and
regular basis in all forms of hospitality that's food gathering,
whether it be a cup of coffee or biscuits or
fruit and vegetables or whatever the case may be. We
have a series of people that we could recommend to

(27:09):
you that are the top of their game and they're
very good at what they do and they are thriving businesses.
So can you thrive if you are good at what
you do? Yes, you can. And in fact, further on
the HOSPO sector in Wellington, the number of operators in
Wellington is up three percent on last year, up twelve
percent on the past five years, so there are more

(27:30):
people in hospow You wouldn't hear that in the news.
Often would you five away from seven?

Speaker 1 (27:35):
All the inns are the ouse, it's the biz with
business tiber take your business productivity to the next level.

Speaker 2 (27:42):
Related matter state of the old SME market. This is
the Prosperous EME Sentiment Tracker report. Forty nine percent, so
we'll call that half lack confidence that the budget's going
to deliver a meaningful support for them on government support
twenty six percent, so they expect positive moves in the
budget for small business thirty seven percent don't. Forty percent
say the budget announcement, whatever it is, will have a

(28:03):
significant impact on their business success. When it comes to
the biggest differences, the government can help with tax reform.
That's at the top. Thirty nine percent say tax reform.
I don't know what that means. Is that less tax?
If it is, you'r well, I have I got bad
news view. I mean, I haven't seen the budget, but
I can tell you there's no tax relief coming. Twenty
two percent say government taxes at the highest cost. Twenty

(28:24):
five percent want to see more removal of bureaucratic red tape.
That's an age old favorite. Fifty seven percent, I've got
something slightly upbeaf. Fifty seven percent majority currently rate their
business as good or very good. Cash reserves a bit low,
aren't they? For everybody really fifty nine percent, so they've
got three months or less in cash reserves. Twenty two
percent say they're holding less than a month's reserves. Forty

(28:47):
three percent say next year's profits remain stable, thirty five
percent expecting an increase in profits. So that's not a
bad picture all things being considered, however, And that's exactly
what I was saying a moment ago. A lot of companies.
You look around the wider economy and everyone goes m
and then you go, what about your business? You know, actually,
yeah know, we're in pretty well funny ah, uncertainly with

(29:09):
the markets is rising those expecting an improvement dropping from
fifty five percent last year to forty four percent this year.
But that's psychological as well. You can convince yourself that
things aren't going to be any good, and whether they
are or not are two completely different things, right. So
the big money spray yesterday was on emergency healthcare. I
could bore you witless over our experience in the last
couple of weeks about the public hospital system, and I
can tell you exactly where the problems are and if I,

(29:30):
if I was in charge of it, I would blow
the whole damn thing up. Anyway, They think that having
some more emergency care is going to help. So we'll
crunch the numbers for you in just a couple of
moments after the news, which is.

Speaker 1 (29:40):
Next the only report you need to start your day,
the my Casting Breakfast with Bailey's Real Estate, your local
experts across residential, commercial and rural news.

Speaker 2 (29:52):
Togs Head be only seven past seven more pre budget
noise from the government, this time one hundred and sixty
four million oirever four years, which will buy five new
twenty four seven urgent healthcare services have ninety eight percent
of us within an hour of urgent care. Rural areas
will get round the clock on call support. The chief
executive of Rural Healthcare Network, doctor Grant Davidson's with us.
Grant Morning morning, Mike. Make you happy.

Speaker 18 (30:13):
Yeah, we are happy that this is that high priority
area for us that's finally getting some attention. So that
is good.

Speaker 2 (30:19):
Do we know what all this money buy?

Speaker 16 (30:21):
Is?

Speaker 2 (30:21):
All we ever get is numbers. We've got millions here
and millions over there. What's it buying, Is it value
for money? Does anyone know?

Speaker 18 (30:28):
No, there's no detail released, and as we know, the
devil is always in the detail. So I've searched the
documents that are available, and all we can see is
we're going to get seventy improved rural urgent and after
ours services and no idea how much of that forty
one million a year will go to rural compared to
the urgent care clinics and urban areas.

Speaker 2 (30:49):
Glad you said that, because I looked for the same thing,
couldn't find it. So are we desperate for better service
in the rural communities of New Zealand?

Speaker 18 (30:58):
We are absolutely this for the animal mortality rate and
rural is two times that of urban and that's one
of the key indicators. I guess minimal mortality is those
deaths that could be prevented by early intervention. So we've
got a major problem.

Speaker 2 (31:17):
Reality versus theory. So if we all want a tertiary
hospital around the corner versus this is a small country
and it's difficult geographically. So let's be real. How far
short are we?

Speaker 18 (31:30):
Oh we're a long way sure, but we're reality is
never going to get that. But what we do need
is if you want, if you need urgent here in
a rural area, those rural people expect to drive, you know,
some distance, but then they need someone there who has
hands on and can help them. And that's what we're
hoping to get through improved funding for those clinics.

Speaker 2 (31:54):
Big issue is the staff. Are you hopeful on that?
I mean where do they come from? Overseas? On as humor?

Speaker 18 (32:01):
Over fifty percent of the rural GPS, for example, internationally trained.
That's right, So starfing. There's a strange comment in the
press release going out the Health New Zealand star thing
has never been better. Well you'd have to ask that
then that but in terms of primary care, it's never
been worse. So starfing isn't Is she okay?

Speaker 2 (32:24):
Grunt appreciate it. Grant Davidson, who's the chief executive Rural
Health Network, will we probably will touch on this with
the Prime Minister when you joined us after seven thirty
this morning, coming up to ten past seven, asking a
new idea for Kiwisaber and the rural community. A member's
bill will look to adjust the rules around keyy saver
so that you can use it to buy a farm.
It would also let the likes of defense force personnel
get access to a first time. Now the national MP

(32:44):
for Ringer tiquis Sus Redmond or Redmain is behind the
bill and is with a Sue's morning to you, good morning, March.
Just educate me a defense force personnel different to regular
Keywis I mean if you happen to be in the
army and you are in KEII saber, can't you just
automatically get your money like every on else for first time?

Speaker 19 (33:02):
No, well, at the moment, the current rules say that
you have to live in it for at least six months.
So people that are in a service tendancy, so that's
like farm workers and defense personnel, some teachers and police officers,
they can't satisfy that requirement, so they're excluded from getting
onto a home ownership leadder.

Speaker 2 (33:21):
And why are they excluded from buying a farm if
it's a house because a house comes with a farm,
et cetera. Or are you looking for a farm without
a house, or it might not be you know, it
might be down the road or whatever.

Speaker 19 (33:31):
Well, technically it's actually already allowed, but it's a bit tricky,
so my bill just tweaks it a bit, because a
farm and a business are usually in a home, all
inextricably linked, and this bill just allows you to buy
the farm in the name of business as opposed to
having to buy it in the name of a person.

Speaker 2 (33:49):
Do you strike me as relatively minor tweaks that should
have been perhaps in there in the first place.

Speaker 19 (33:55):
Oh, well, that's not for me to determine. I'm just
really excited about this bill and getting it allowing people
to get back or to get onto the property letter.
That's what motivated me to do it. And see, what
really motivated me to do it was a young worker
on our farm called Terrell, who was really keen to
buy himself a house and couldn't understand why he couldn't.
And I didn't think that was fair and needed did he.

Speaker 20 (34:17):
So that's what drove me to do this.

Speaker 2 (34:19):
In call it Terrell's Bill. There you go now too,
I can call it tore exactly. So, So, private members,
why isn't government and if it is remaining as private,
do you have any sense of the numbers you may
or may not have.

Speaker 19 (34:33):
Well, it's in the ballot at the moment, so I'm
at the mercy of that. So every time there's a
drawer of the ballot, I cross my fingers and hope
it'll get drawn out.

Speaker 2 (34:42):
But having said that, why isn't part of the government's
work program, Because you guys are all in favor of
the rural community, aren't you.

Speaker 19 (34:48):
Absolutely, we're one hundred percent committed to farming. We back
our farmers one hundred percent. So yeah, I'll be working
behind the scenes to hope that it gets adopted as
a member's bill. But in the meantime, I'm just I'm
hoping that it gets drawn out of the ballot.

Speaker 2 (35:02):
Absolutely, I can't work out what the problem here is
with the general idea, may once again asked the Prime Minister,
depending on whether we get times sus Redmain, who's the
National impeople ranger ticket? Twelve minutes past seven past gig Mike,
you should see the riverside and Victoria's Strip in christ
which will I have been? There are a number of
times in the hospital strip and Rolliston all go. It's
exactly what I'm saying. Every single one of us knows

(35:22):
a successful business or a series of successful businesses in
Hospow And if we stopped and thought long enough and
asked ourselves the basic questions, Why is it that they
are successful? The answers would be reasonably obvious. Mike Browns
and remyu Era bursting at the seams every day, lucky
to get a seat. Dead right, by the way, Romania.
We've got Portugal and Romania this morning in an election,

(35:44):
and the Romanian situation exit polls. These are now with
fifty percent turns out. Simeon might have been right, Simeon's
Trump's mate hard right, depending on who you're reading. But anyway,
the guy who was leading isn't leading by much anymore
so with fifty percent of the vote, and now from Romania,
Nichol saw Dan is on fifty point nine percent, George
Simeon making a surge from behind, sitting on forty nine

(36:07):
point Oh wait, who thought Romania could be that exciting?
Thirteen past.

Speaker 1 (36:13):
The Like asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at BE New.

Speaker 2 (36:20):
Talks at BE Prime Minister. Still to come, We've got
the sport apter rate, of course. Sixteen past seven new
insight into the way we're getting educated. Distance learning is
on the up. Correspondent School has seen a thirty two
percent rise in enrollment since twenty eighteen. That's against the
backdrop of a fall of in person attendance.

Speaker 14 (36:35):
Of course.

Speaker 2 (36:36):
CEO of Online Educated Crimson Global Academy, Penelope Bartons with
us Penelope morning.

Speaker 19 (36:41):
Good morning.

Speaker 2 (36:42):
Is this a shift post COVID, whether you work from
home or school or whatever. Is the world changed since COVID?
Is this it or is there something more to it?

Speaker 20 (36:51):
That's definitely a factor for it. We've seen, I mean,
you saw that peak during COVID, and then afterwards you've
seen a pretty steady trend not just a New Zealand
but overseas in terms of students looking for an alternative
that sort of opens their eyes in terms of what
else is possible now looking for other options. But then
you've also got just broadly mental health, chronic disengagement in schools.
You talked about the attendance rates, there's a lot of

(37:12):
other factors that are just causing families and how to
look for other options.

Speaker 2 (37:15):
Can you get as good an education online as you
can by going to school.

Speaker 20 (37:21):
Absolutely, we've had students and there's actually probably a piece here. Yes,
you can, depending on the program. There should always be
a caveat on that. But we have access to on
the Crimson Cardal Academy side some of the top teachers.
You have access to international curriculum.

Speaker 19 (37:38):
And what's unique that.

Speaker 20 (37:40):
You can do in online because you have a bit
more flexibility, is you can really personalize the education for
the students. It's very very hard to do that in
a traditional classroom, and so being able to personalize that learning,
access to different pathways, more flexibility. You know, we're just
seeing students absolutely come in and come in and thrive.

Speaker 2 (37:58):
But that's what you guys do, and that's that international
side of the equation. If I'm just looking to simply
pull my kid out of a primary school in suburban
New Zealand and do it at my house in suburban
New Zealand, and it's not international, it's just part of
the New Zealand curriculum. Can I do that and do that?

Speaker 14 (38:14):
Well?

Speaker 20 (38:15):
Yes, there are a few different models available in New Zealand.
You've got Takura, you've got Mount Hobson, and you've got
us on the international site. Mount Hobson runs a similar
model to ourselves in terms of the small classroom. It's
really differentiated learning pathways. One element you've got to consider
and if you're thinking about particularly in that primary age

(38:35):
is thinking about what that social emotional connection piece looks
like that learning through play, how are you going to
be building that because you can do online at that age,
but you'll need to be thinking about exactly as a parent,
how much am I going to be involved in that
learning to make sure that it's not just sitting there
and letting things go by. You need to take a
really active role in it at any age. It's an option,

(38:58):
but you'd need to be prepared to be very act
and hands on and make sure you've got the holistic development.

Speaker 2 (39:02):
What drives it? To start trouble at school, so I'll
get my kid at home or I can do better
at home. Therefore, that's what drives it.

Speaker 20 (39:12):
I've seen sort of roughly four groups of students. There's
definitely I'm not accelerating fast enough. I'm in this class
because I'm this age, and then that just you know,
that's actually not challenging them. They get quite bored. We're
seeing a lot of students who might have social anxiety,
things like actually just getting up and out of the
house and thinking about lunch breaks. That's quite an issue

(39:35):
for them. And then we're seeing other students who are
just going. I've got other passions. I want to be
a professional athlete. I want to ride horses during the day.
I want to go and train, and actually doing school
nine till three every day is sort of an outdated
way to look at that model for those students. They
want to do their classes a little bit in the morning,
a little bit at night, and then have that daytime

(39:57):
for you.

Speaker 2 (39:58):
Penelvie Good Insight appreciate it very much. A partner's with
Crimson Global Academy thirty two percent rise, not the Global Academy,
but thirty two percent rights in general. Since twenty eighteen.
It's a lot, isn't it? But a housing news for you.
I read something really interesting that could be coming to
possibly the budget in government policy. More shortly seven twenty.

Speaker 1 (40:21):
The Mike Asking Breakfast Full Show podcast on a heart
radio powered by News Talks.

Speaker 7 (40:27):
It be.

Speaker 21 (40:29):
Now.

Speaker 2 (40:29):
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(41:34):
co dot Nz. Sevent twenty four one roof had a
story over the Weekend about an apartment in Auckland that
is for sale for seventeen million dollars. It was for
sale for sixteen million dollars, so they put the price
up despite the fact that it's been for sale for
several years. Now. They're looking to the international market, where
seventeen million is not a lot of money. The article

(41:56):
also featured information about a Night franc international wealth report
that ranked the priorities of those with money and real estate.
It turns out real estate investment was right up there
for those people, and for the super wealthy, the ability
to have a super yacht parked featured doe very highly
for them as well. So the point being, in a
place like Auckland, your seventeen million dollar penthouse can be

(42:18):
a few hundred meters away, of course, from your super yacht.
Yet in this country foreigners cannot do that because they
are not allowed to buy a house. What they are
allowed to do is get a golden visa, and the
new rules have proved very popular. There's good inquiry are
for five or ten million dollars, you invest in a business,
you employ people, you grow that business, you help us
out as an economy, and you still despite all of

(42:39):
that can't buy a house. The fact that the apartment
has been on the market now for years clearly shows
no locals want it or indeed can afford it. So
the fear as profit by some that foreigners take houses
off New Zealanders at this level clearly is not true.
The government or parts of it want to fix this anomaly,
and yet they can't or don't because New Zealand First refuses.

(43:01):
Rumors while back suggested a compromise had been reached. National
had an election policy of a couple of million dollars
as a protection on the lower priced houses. The rumor
was that negotiated a figure with New Zealand First for
about five or six million. It never came to fruition.
So in budget week, when yet again the dire state
of our finances is laid bare and a commentary around
growth will be pushed hard, one of the answers i e.

(43:24):
The wealthy with money to invest has not been fully
enacted because one part of the government is xenophobic. This
battle to regain our economic mojo is hard enough as
it is without ankle tapping ourselves by refusing to enact
blatantly obvious ideas. If we can't pull every lever possible.
We have no one to blame but ourselves, ask eted

(43:45):
Blazer with the Prime minister shortly Portugal. The race. This
is a This is a general election as opposed to
the presidential races have been telling about so far. This
morning it was suggested third election by the way in
three years because the rare basket case. But it was
suggested going in that the ruling center right Democratic Alliance

(44:05):
would win, but they would fall short of a majority,
and the first exit polls out a couple of moments
ago suggests that that's what's going to happen. They're getting
somewhere between twenty nine and thirty five percent. The far
right Jagger Party's got about twenty percent. Montenegro runs the
place he ran a vote of confidence. Lost the vote
of confidence because a few people ask some questions about

(44:26):
his business dealings. It turned out to be a little
bit dodgy. Went to the parliament said back meet. They didn't,
so he's gone to a third election. To win an
outright majority, they need about forty two percent of the vote.
They're not obviously going to get it, so they're going
to be back in minority and being back in minority
seems to suggest that it'll probably fall apart again. But
we shall see Prime Minister in the next half hour

(44:46):
of the program. Of course, the commentary box, we haven't
dealt with the f one. This morning every red ball
driver scored points Max one Sonoda came from the back
of the field, did well, had just scored points, so
that leaves one left and then that might be the issue. Anyway,
more on that still to come after the News, which

(45:08):
is next your reviews talk see.

Speaker 1 (45:11):
New Zealand's Voice of Reason is Mike the mic asking
breakfast with Vita, Retirement, Communities, Life your Way, News, Dogs
Dead be.

Speaker 2 (45:22):
Twenty three minutes away from mate Andrew and Jason after
the sport. It cost me time on the Monday morning,
the time in the Citizen to studio. Did you see
you can see your team. I now you won't remember
this and I'm not here to embarrass you, but Bill's
written to me and Villa and his wife were celebrating
their sixtieth wedding anniversary and they said they couldn't believe
all the cards they got. They got one from the

(45:43):
local MP, personally signed, they got one from you. Do
you remember writing bill's cart I have a system in
place for sixtieth wedding, And how many sixtieth winning anniversary
cards would you write? I don't know many snowed under?

Speaker 22 (45:55):
Or no?

Speaker 12 (45:55):
No, I mean there's not that many people that make
sixty honest, That's what I'm asking. So you do there
is a system in place for system in place, and
the King wrote to them, Yeah, that's great.

Speaker 2 (46:06):
Is it nice? Is that lovely?

Speaker 12 (46:07):
If you're going to do sixty years of marriage? I
think that's something we're celebrating.

Speaker 2 (46:10):
Couldn't agree more. New Zealand First are seeking changes to
the Regulatory Standards Bill because New Zealand First has got
problems true or not?

Speaker 12 (46:18):
Well, I mean they've got some issues, but that will
be flushed out through a sleept committee process. I mean,
if you take a step back, this bill is about
making sure we do decent good law making and more
transparency about bad lawmaking in particular. It's pretty complex legislation,
but like the fast Track Bill, and it will benefit
frankly from going through.

Speaker 2 (46:35):
But just so it's complex. I heard David Seymore do
an interview once on it, and I was bamboozled by
what he's trying to achieve, but outside of the broad
it will be more efficient, is it. Do you understand?

Speaker 12 (46:45):
Well, that's the point is we want to make sure
it doesn't drive increased bureaucracy. It's actually got to be
a much simpler way to say. Look, if you're making
new laws as a minister, you've got to make sure
that it actually does work that you're not and as
a result, the system that checks that, we want that
to be pretty tiptop shaped. So so David's got you know,
the idea is more transparency in the regulations.

Speaker 2 (47:03):
But is there an ideological scrap between Winston and David on.

Speaker 12 (47:06):
This No, it's just making sure it's the devil's and
the detail on this one. And it's no different from
fast Track. If you remember how we started that one
off and then we ended up creating panels and a
bunch of different things, that's similar to this one.

Speaker 2 (47:16):
Okay, Nick Stewart, who is a financial advisor, I am
reading over the weekend the case for full expensing of
capital expenditure. Having read the article, it does make sense.
Is there any possibility, either in the budget or generally
that we can full expense capital expenditure and therefore drive
the economy.

Speaker 12 (47:34):
We'll talk more about that obviously in the budget in
a few days. There's something in the budget you never know.
We'll talk about the budget in a few days yet.
But what I just say is that idea is not
an unattractive idea because if essentially, Mike, if you look
at the small medium enterprises in New Zealand, the top
ten percent of seven times more productive than the bottom
ten percent, and a lot of it's to do with
their adoption of capital and plant and equipment and automation

(47:56):
and all that good stuff. So I've got a lot
of sympathy for that, but weft way to the budget.

Speaker 2 (48:00):
So much sympathy we might be able to hear something
on Thursday that's exciting to know you. You're so good
at this trying to get a scoop on that. I'm John,
just please you positive about it. Stephen Joyce's piece in
the Hero all over the weekend. Did you happen to
read that? Okay? So does he have an argument. I'm
not sure he has an but he's talking about the
productivity of Fontierra's production side at a time when butter

(48:23):
and ETCeteras through the roof. Do we know of Fontra
are any good at what they do?

Speaker 22 (48:27):
Or is it?

Speaker 12 (48:28):
I think they're pretty good. I mean, how do you
know that well? I mean when I look at their
relative global performance, they've done a very good job, particularly
in the last six years or so. Five years or so,
I think there was a period in time, frankly where
I think they lost it and lost a lot of
ground against their global competitors. But I just say to
you when you're offshore, I'm really you know. I think
Fontier has got the right strategy. They're going for high

(48:48):
margin products. Yeah, I was in Korea. They make an
ambient whipping cream sold to Korean bakers. Now everyone listening
to that, guys, whipp you do well? Actually bakers and
cakes in career a freaking big market, and actually do
it that way. They get higher margin that comes back
to their farmers than doing consumer goods business, for example.
So I think Fonteria has had a really good strategy
to enhance margin so they can get returns.

Speaker 2 (49:09):
Back to the mororification of New Zealand. So the tea
Kunger leads story, this was m fat. This was Winston
Peter's getting upset about a teacung a lead type job.
Let me quote you this his comments. Peter's comments and
subsequent requests to m FAT for a response by political
reporters set off a flurry of emails and messages between
the most senior staff at the agency. I would have
thought they had better things to do with the time.

(49:30):
Be that as it may, who appeared to be unaware
the job fell foul of Peter's expectations. How does senior
bureaucrats not understand that they're working for a government that
have spoken very clearly on the maorification of this country.

Speaker 12 (49:47):
Well, where we see it, we call it out, but
I mean they sleep well, I mean Oncesta's obviously called
it out very strongly, which is important. You've seen it. Also.
We had a situation with Treo stop ghost signs for example,
recently as well, and you know where we see it,
we actually we say, look, that's not appropriate. You know,
we don't want we need the stop go signs to
be very unambiguous and very clearly producing the same thing here.

(50:09):
We want everybody in the public service focused on delivery,
focused on results, and not lots of resources tied up
in things that.

Speaker 2 (50:16):
Isn't How this is happening? How come it's still happening.
How come somebody somewhere goes, I tell you what, I'm
going to make a Maory road sign. Yeah, well, I
mean they're taking the person, aren't they.

Speaker 12 (50:24):
Well, there's a I mean we're a new government. We've
been very clearly not but a year and a year
and a half.

Speaker 3 (50:30):
I get it.

Speaker 12 (50:30):
But we want to run things differently from the previous minstration.
That's taking some people sometime to understand that. Where where
it comes out, and they get it wrong, we're very
quick to clamp it down on it and to say
that's got to change. Get back to what the program is,
which is delivery.

Speaker 2 (50:43):
Let's get back to the budget without giving it away.
I get all of that. The money you announced Nicola
Willis on Friday has hundreds of millions of dollars for
the film industry. Fantastic. You've got money yesterday for Regina.
Where's it all coming from? Well that'll be revealed on
the budget, I know, But give us a just say
we don't have any money. We have said very clearly
that we think we can invest in economic growth, we
think we can invest in health and education. But what

(51:07):
you watch waight you see the fiscal plan and it
will be all revealed at that point. It's either borrowed
or you've got it from somewhere, which is it.

Speaker 12 (51:14):
Well, again, i'm not going to get it. Why can't
you give us that part? Not because we've got to,
but it's budget sensitive. We'll wait for what's what's bunget
sensitive about something as broad as we've got the cash
or we're borrowing. Well, as I said to you, it's
within our fiscal track and what we've set ourselves up
and the rules that we're trying to.

Speaker 2 (51:29):
Do work towards.

Speaker 12 (51:31):
It'll be revealed on Thursday. We need to be able
to do it in one comprehensive thing so you can
see the total fiscal picture of what we're dealing with
and how we're funding it.

Speaker 2 (51:38):
But it seems an extraordinary amount of money.

Speaker 12 (51:41):
Well, where we are, we're making some serious investments and
some key places. Now you're making investments, but I want
to know where you're getting the dough from and that
will be revealed on because if you're borrowing it, I'm
not going to be happy next week. Well, that's fine,
we'll have that conversation next week. Well, so you are borrowing,
and I say we're borrowing. But I'm just I'm not
going to give you anything on this. I know it's
going to be a very frustrating interview for your listeners.
All Right, he's so good, can I say to all

(52:02):
the people listening here? And he tries to weasel it
out of me. But now we've got to wait to
Thursday because I got to show you the whole financial
set in the front.

Speaker 2 (52:08):
Okay, So reassure me once again that it will make
sense in a way that perhaps a conservative like me
that doesn't like debt yep, can understand.

Speaker 3 (52:19):
Yep.

Speaker 12 (52:19):
So we have a problem with debt, as you well know,
we've had a threefold increase in debt from sixty to
one hundred and eighty billion dollars. The cost on the
budget now on the interest build on that a loan's
gone from three to nine billion dollars in rising it's
about sixty thousand dollars for every household his own, twenty
two thousand extra it's been added onto every KIWI. And
we've got nothing to show for it, because basically they

(52:41):
debt's good if you're borrowing for productivity enhancing stuff. And
we'll only to point to a point but there's good
stuff there. In this case, we didn't do that. The
last administration ran it up on the credit card and
for daily living expenses. That's why we've got nothing to
show with better schools, hospitals or roads. We've got to
change that course. We've got to find a pathway to
get us off to a surplus, because that's importance that

(53:02):
we've got future capacity should something be for New Zealand,
that we can deal with that issue. And we've got
to get in shape. And that's why things like the
Greens idea of more taxes, more borroing. You're hearing it
from Thomas's piece over the weekend on I did yeah. Nurses, yeah,
a pay cut, yes, under a greenness Greens budget. Yeah,
and it's you know, and we've done a lot of

(53:23):
work to actually lift nurse pay. I mean it's one
hundred and twenty six thousand dollars including allowances, equal to
pretty much what they get in New South Wales, which
is a lot wealthier. But I mean that was just
an absolute craziness and madness. But actually labors no better.
They want to borrow more, tax more, spend more. You know,
that's exactly where it is. We have to find a
balance responsibly to get the books back in order over

(53:44):
onto a pathway, but also make investments and also continue
to reprioritize and make savings too.

Speaker 2 (53:49):
Okay, A couple of quick things out of last week
is Jerry brownly letting the House down with that Privilegious
Committee response that he gave to the House last week.
Everyone gets to speak, everyone gets to have an amendment,
everyone gets to speak to the amendment. I mean, what's
that it's not stall Well.

Speaker 12 (54:02):
That is that that is actually protocol and that those
are as I understand its standing orders and rules in
the House. The bigger issue is that we discuss sensitive
and difficult and emotional topics and that in that place
the multi party are not getting penalized for Wayata and
for Harker that happens a lot. They're getting penalized for
breaking the rules, getting out of your seat, gestures, you know,

(54:25):
disrupting a vote, all of that kind of stuff, and
then not engaging with the Privileges Committee. We need to
we need MP's are sent there by the people in
New Zealand. They need to respect the rules of the
place because otherwise it just evolves into absolute chaos and
well last week and you low, well it wasn't great.
I mean because I don't like it, because actually, you know,
you got MPs talking about themselves and parliamentarians talking about themselves,
and actually I try and stay above that fray because

(54:47):
I want to focus on what New Zealand doesn't need
us to do and at the moment they want us
dealing with growing this economy and getting dealing with cost
of living.

Speaker 2 (54:53):
Explain the logic of this to me. So there's an
article in the paper over the weekend of one roof
there's a penthouse for sailed downtown to Aukland for seventeen
million dollars. It's been on the mark a few years now.
No one here wants it. Clearly, why can't somebody buying it?
Why can't somebody from offshore by it?

Speaker 12 (55:11):
Well, I mean you know our position on that.

Speaker 16 (55:12):
I do not.

Speaker 12 (55:13):
The National Party has a strong view that you should
be able to buy.

Speaker 2 (55:16):
Have you made any progress with Peters at all on this?
And if you haven't, why don't you call them out?

Speaker 12 (55:21):
Well, again, we still have a we still have a
conversation going with it. I know that's not the answer
you want to hear because you've give me a grief
on the seats every time. But but if you're looking
to pull every leader you can to get this economy going, yep,
surely that is a lever you can puss one of
the levers.

Speaker 2 (55:35):
Welcome to New Zealand, have a golden visa. And by
the way, there's a penthouse there for yours for seven
to or for nine million pounds, snap it up.

Speaker 12 (55:43):
I think you know we probably got the cap too
low last time when we went to the election campaign
we said were two million dollars. I think you could
lift that, you know, quite reasonably to five or six.

Speaker 2 (55:51):
You have you in your negotiations? Sorry, have you and
your negotiations five? And would you be looking to make
an announcement on this sometimes I'm not sure we will.

Speaker 12 (56:01):
We've got it, we've got a better work to do it.
So you're losing still Peter's is beating you up on that. No, no, well,
I mean, let's be clear, we've got two issues. One
is extending the superannuation age sixty seven, which I think
also makes great sense, and that given the key he's
living longer. But that's not palatable to labor and all
New Zeland first, and we've had an issue with respect
to you know, foreign by about I just think if
you're a chief technology officer from San Francisco and you

(56:22):
want to spend some of your months here in His
Zealand because you've got an investment in a tech company
here that's helping you Islanders grow, then you should be
able to do that.

Speaker 2 (56:29):
Yes, you should. Why can't Peter's understand that he's in
a phope because that's the problem.

Speaker 12 (56:33):
Well, I don't know. I mean, he's got a long
standing position. He just has been against it. We are
in conversation with him and his office as we've been
doing our proposals to lift the threshold a lot more.
We think that would be important ultimately someone we got
to work through. Okay, Well, so you don't always get
what you want in a colition government, right, Well you
would if I was running it.

Speaker 2 (56:53):
I'd like to see that have a good budget, appreciate it.
Twelve minutes away from eight.

Speaker 1 (56:58):
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Speaker 2 (57:03):
Talks at be Mike, looking forward to you talk with
the Prime Minister next Monday to explain why they've borrowed
all this money for the budget spent. They better not
have borrowed a tremendous amount of money.

Speaker 21 (57:13):
It sounds like they're going to be.

Speaker 2 (57:15):
It's don't rack me up, Lynn, because if they're just
going to be another labor government that they'll argue one
of a couple of things. One they found savings. I
hope to god they've found savings. If they are borrowing money,
they're going to do the well, we're going to borrow
money because this is for investment, this is for growth
in theory. I'm not against that, never have been. But

(57:35):
given what they owe currently and the bill on the
interest alone is nine billion dollars and climbing and it
will be ten before you know it, before it's eleven,
just the interest on the bill. Then I've got issues
with that, Mike, where I knew someone would Texas. Where
the hell does mister Luxeon get that figure for a
nurse's salary. My wife is a senior nurse and I
can guarantee you it isn't anything close to that. You're wrong,

(57:59):
and I'll explain more in the moment.

Speaker 1 (58:01):
At eight to eight, the Make Hosking Breakfast with Vita
Retirement Communities News Talks head bes.

Speaker 2 (58:07):
Right as regards nurses. Go to Thomas Cogler's piece over
the weekend, the Primates have been talking about nurses in
this country paying on average about the earning about the
same as a person in New South Wales. So this
whole debate, I'm going to Australia who earn more money.
It's no longer the case according to Thomas's Peace and
thin these are from the Stats Department. You can't argue
with them. There are in excess of ten thousand nurses

(58:29):
in this country who earn about one hundred and twenty
five thousand dollars a year, and that does not include
over time and shift allowances and all the extras. So
ten thousand nurses in this country earn in excess of
one hundred and twenty five thousand dollars. Plus on top
of that you can do your overtime and your shift allowances,
et cetera. So that's good money. The point of Thomas's Peace,

(58:50):
which was very good, is that under the Green's budget,
with their gargantuane amount of taxation, even nurses get a
pay cut. So that may well surprise you. So when
Peace go, well, where does he get the figure from
he gets the figure from the stats department, and the
stats department don't lie.

Speaker 1 (59:05):
Sport.

Speaker 3 (59:07):
What have we got.

Speaker 2 (59:08):
We've got Auckland afs Auckland FC. So they got one.
I'm assuming the one is worth two because it's an
away goal. I'm assuming those rules apply here as they
do in Europe. So that's the good news. And we've
got to deal with the rugby more one and Pacific
dealing turning out to be something quite special. Liam. We
need to focus on this morning, so there's plenty of
sport around to talk about. Jason and sev in the commentary.

Speaker 12 (59:29):
Box after the news which is next year at News
Talk Sedbo.

Speaker 1 (59:34):
Mike hoskame insightful, engaging and vitally the Mic Hosking breakfast
with the range Rover, the LA designed to intrigue and
use talks.

Speaker 22 (59:44):
D B sprung its run run, come in.

Speaker 4 (59:52):
The Highlanders absolutely devastated and out on their feet.

Speaker 1 (59:57):
The hurricane.

Speaker 3 (59:57):
They've got home here at sky Stadium, the Crusaders forty
eight thirty three. I've done the job in Sydney.

Speaker 17 (01:00:06):
What a pacifica speak the Blues for the third time
in their history.

Speaker 11 (01:00:12):
What a game at.

Speaker 2 (01:00:14):
Full time They've taken down the Dolphins at.

Speaker 12 (01:00:17):
Suncorp Stadium sixteen points to twelve.

Speaker 23 (01:00:22):
In all of this, they create another first Our Finals
win at the first time of asking, and they keep
Melbourne victory scoreless for a third straight game.

Speaker 1 (01:00:33):
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Speaker 2 (01:00:42):
It as I passed out Jason Pine and Andrew Sevil,
both with US fellows, Good morning to you, him I
Indy or if one for the weekend.

Speaker 17 (01:00:50):
Andrew probably if one because it's only well, when I
say only, it's only practice and qualifying for Ruindy, isn't
it too mess of crashes? For Kiwi's Marcus Armstrom was
a yesterday. Scott mcglotson just this morning. Thankfully, both are
okay close to four hundred three fifty four hundred ks

(01:01:11):
an hour.

Speaker 2 (01:01:12):
I was doing average. I was watching yesterday. They're practicing
their four laps, So to qualify, you do a four
lap average and the average, a good average is three
hundred and seventy five kilometers and our average, they're crazy,
You're so close to literally just sliding out or flying
off the or whatever the case. I was just saying
to somebody off there, I'm pretty sure you can't have

(01:01:34):
a crash in Indy without basically destroying your car.

Speaker 17 (01:01:39):
Pretty well that speed, yes, and yes, they're only well
they're turning left right, left, left, left, lip left, but
at that speed, any any any infantiesimal ad judgment of
the steering wheel or the wheels, you're gone right and
then in the race you've got cars all around you. Obviously, Yeah,

(01:02:00):
it's quite amazing what they do. Remember talking to Scott
Dixon years ago, I think the Texas Motor Speedway, maybe
the fastest track or one of those ovals, and he said,
you're at a point almost where time stands still or
you black out.

Speaker 2 (01:02:12):
It's amazing. Eh, Yeah, the g's on you. And and
funny enough, I took Scott mcglockin about very same thing.
The point you're looking forward to is so ridiculously far
ahead that it just it comes up. That's how far
you have to otherwise your head would explode by the
time you're just looking for corners and stuff like that.
It's that unbelievable. So in many respects it's more dangerous

(01:02:36):
and more skilled than if one if you think about it,
because you're certainly going faster plus the field, plus the banking,
plus the oval, plus you know all the other stuff
that goes.

Speaker 3 (01:02:46):
Yes, yep, it's amazing.

Speaker 2 (01:02:47):
Do you see this morning z F one, Jason.

Speaker 21 (01:02:50):
I had a wee look at it, Mike.

Speaker 24 (01:02:51):
I was quite interested to see how Liam Lawson was going,
and I must admit it wasn't a surprise when I
found he was fourteenth.

Speaker 21 (01:03:00):
As I think we said last week, I think this is.

Speaker 24 (01:03:02):
What we have to expect from Liam in this racing
bulls car is going to be in the teens most
of the time.

Speaker 21 (01:03:08):
Of course, we'd love to see him get a point
at some stage.

Speaker 24 (01:03:12):
The stepping again a genius McLaren of the fastest cars
second and third, but Max the step and just a
generational driver.

Speaker 21 (01:03:21):
Top of the podium again. So you're looking forward to
Indie next Monday.

Speaker 24 (01:03:23):
Always enjoyable and yeah it's gotta McGlocklin won't get the
chance to feature in the top twelve qualified session that's
on at the moment, isn't it. But yeah, race properit
next Monday. It's hope he's in better neck. But you're
right that the margins are so small for error, so
you wouldn't want to you wouldn't. I mean, if you're
blacking out at three hundred and seventy five K, I'm
not sure that's a great look.

Speaker 3 (01:03:42):
No, it is. At least Lawson's keeping his car on
the track.

Speaker 12 (01:03:45):
Yeah, he is.

Speaker 2 (01:03:46):
But my problem is there are three Red Bull drivers's
scored points this morning and he isn't one of them. Yeah,
so seventy five percent of the team scores a point
he didn't, and he didn't. I mean you can argue
he got bad luck with the red light, you know,
with red flag and all that sort of stuff, But
you put a banker in early so that you don't
just in case you do get caught, and had you
did that? So how come had you?

Speaker 17 (01:04:06):
It just seems to be something new that's going wrong,
whether it's the mechanics of the car, whether it's something
else that's happened on the truck, whether it's just a
track rather, whether it's just bad luck.

Speaker 2 (01:04:17):
Yeah, Jason, we're done, an't we AUK see? So the
win next weekend? It is, I'm right hand. It's two goals,
so in away goal is worth twice as that is
that the rule's.

Speaker 1 (01:04:27):
Not what.

Speaker 11 (01:04:30):
Stupid rule?

Speaker 21 (01:04:31):
I know, the away goals. I think it was too
confusing for people, Mike.

Speaker 2 (01:04:34):
So they confusing about.

Speaker 3 (01:04:38):
What about Champions League and that, Jason, but they still
have more.

Speaker 14 (01:04:43):
Yeah.

Speaker 24 (01:04:44):
So yes, it varies from competition to competition, but down
here we need to forget all about it. So for example,
if Melbourne Victory were to win one nil on Saturday night,
that would be a drawer. If they would have win
two nil, they would go through. Look, I think Auckland
FC will win at go Media Stadium on Saturday night.
I think they were very, very very good in Melbourne.

(01:05:08):
That's three games in a row. They haven't let Melbourne,
one of the best attacking sides in the com score
a goal thirty thousand at the stadium.

Speaker 21 (01:05:14):
This coming Saturday, they'll win that game. They'll host the
Grand Final. This journey just continues.

Speaker 2 (01:05:20):
Okay, Well, two quick questions. If it's one all, what happens?

Speaker 24 (01:05:22):
Then extra time? Fifteen minutes of extra time each way?
Then a shootout, still level of penalty shootout.

Speaker 2 (01:05:30):
All love a shootout.

Speaker 17 (01:05:31):
I'd love a shootout, Joseph, you have seen I think
it was Moreno near the end he hit one post
on the other post out Have you ever seen that
happen before?

Speaker 21 (01:05:41):
No, I haven't defied the laws of physics.

Speaker 24 (01:05:44):
It was almost it was a triangle, wasn't it one post,
other post and then back to the keeper. Yeah, how
it didn't go and I don't know had it gone?
And then I think we can we can start planning
for the Grand Final. Two nils, a big lead, one
nill you know, Melbourne Victory, get a bit of wind
in their sales, get an early goal and all of
a sudden it's all on.

Speaker 17 (01:05:59):
But I'm sure you've seen that sort of thing before, mate.
Was it Canterbury under twelves at English Park?

Speaker 3 (01:06:05):
Two left feet? My ability to hit them?

Speaker 2 (01:06:07):
Yeah, I don't want to skype, but I hit all
three so left right and at the top the who
are we playing? Jason? I mean who are we likely
to play in the final?

Speaker 24 (01:06:17):
In the in the final and the other side call
Melbourne City in their first leg of their semi won
three nil, so that's got a big.

Speaker 21 (01:06:26):
Melbourne City are the likely opponents.

Speaker 2 (01:06:28):
Okay, brief break more in a moment Andrewsvil Jason Pine
thirteen past the.

Speaker 1 (01:06:32):
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by News Talk.

Speaker 2 (01:06:37):
Zippy News Talk Zippy sixteen past eight.

Speaker 1 (01:06:47):
Jeez, the Monday Morning commentary barks on the Mic Hosking
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Speaker 2 (01:06:57):
The Tevil Jason Pine with us said the thought.

Speaker 3 (01:07:00):
I thought fat cheek could cut me off. Are you
pushing the buttons yourself?

Speaker 4 (01:07:06):
These days.

Speaker 2 (01:07:08):
To be different? If I was pushing them the Warriors,
I mean, what do you say? I mean, You've got
to be serious about this though, don't you say? I mean,
you know, for all the fun you might make it,
this is a proper side, isn't it. It's like you
can't argue with the results we are right.

Speaker 17 (01:07:22):
There, yeah, sort the tail end of that game and
the way they held out the Dolphins. There's a lot
of spirit in this team. I heard the comment the
other day when James Fisher Harris is your captain and
he's playing, there's nowhere in the world you'd want to lose, right.

Speaker 2 (01:07:37):
No, I knew Fisher Harris shouldn't have been sent off.
And I'm getting a lot of grief even from people
I would have some of the tougher guys around ZB
and I know that's a weird thing to say tough
and z B, but but there's you know, and I'm
going Fisher hair shouldn't have been sent off and they're going,
oh you.

Speaker 3 (01:07:50):
Think the shoulder Clemp've clemp right down on.

Speaker 2 (01:07:54):
Yeah, But you know, I ran into them the defense.

Speaker 17 (01:07:58):
I know a hardkom about this every week, but defense
is about systems and about attitude, and they're defending very
well and also the winning games.

Speaker 3 (01:08:06):
In the past they would have lost corecked those tight games.

Speaker 2 (01:08:09):
So that Dolphins comeback that was very Warriors of Old,
wasn't it, And they sort of ran out of time
and kind of we're always going to fall short and
we're just in a different league, Jason. These days we're
like we are the real deal.

Speaker 24 (01:08:23):
Yep, winning the tight ones, which last year we weren't doing.
I do worry a bit about the Raiders on Sunday
for a couple of reasons. The co captains are the reasons.
James Fisher Harris, whether or not he deserves the yeah,
and Mitch Barnett's been named in the new South Wales
Origin team, so he won't be there either. So the
two co captains. Looks like Kurk cape Well won't be

(01:08:45):
called up by Queensland. If he was going to be,
he would have stayed over there. He got on a
plane back home last night or yesterday with the team.
So look Ravenes for Vegas this coming Sunday. What will
be a jumping go Media ge a weekend at co
Media Stadium Football Saturday League Sunday. But without the co captains,
maybe it sets them back a bit, but they found

(01:09:06):
a way a lot of times this year. Mike, I
wouldn't put it past them to go six on the
trot against the Raiders.

Speaker 2 (01:09:12):
I wouldn't put it past them either, And I don't
have any worries about Fisher, Harrison all those sort of things.
Now I'm sad.

Speaker 3 (01:09:18):
Can we make special Yeah? Can we make special mention
of Artie sat there?

Speaker 2 (01:09:22):
Wow? Yeah, he's fantastic. He's a generational player, isn't he.
There's something magical about him.

Speaker 3 (01:09:29):
Yeah, I know.

Speaker 17 (01:09:30):
In the commentary, our old mate Tony Johnson said it's
one of the great individual performances he's ever seen in
Super Rape.

Speaker 3 (01:09:35):
I'd have to agree.

Speaker 17 (01:09:36):
You know, you had Jonah early on, you had McCaw
and Carter and the heyday for the Crusaders putting in
amazing performances. But this modern day performance from Ardie Savvey,
it was just was just brilliant. I mean defensively the
turnovers and then on attack he was punting the ball,
he was chipping and chasing, he was making those signature
barging runs. What he's done for this team and for

(01:09:57):
this franchise is just out of this w But he's
lifted a lot of the players around him that it's
not it's not a true one man band. A lot
of the players have lifted around him and they're playing
very well also. And let's not forget Mike the hoops
he had to jump through to get to Mowana when
a lot of people in rugby, and especially at the

(01:10:18):
top levels of rugby, there were threats that were innuendo.
There was in the window rather passed about him going
to this Mowana team and look what's happened.

Speaker 3 (01:10:27):
Look what he's done.

Speaker 2 (01:10:29):
Are the Blues done this side? Uh?

Speaker 17 (01:10:32):
Well, they've only got one more game. They've got the
War Tars I think at Eden Park in a couple
of weeks. They'd have to win that probably with the
bonus point to have any chance of scraping him.

Speaker 21 (01:10:39):
Yeah, the problem for Mowana is they've got two tough.

Speaker 3 (01:10:41):
Games ways too local Darby's Yeah, yeah.

Speaker 21 (01:10:44):
Hurricane so but you wouldn't put a pass them after
what they did the other day. You're so right about Artie.

Speaker 24 (01:10:49):
I mean, no one's a one man team, but he
has almost single handedly lifted the fortunes of that team.
They were, they were nowhere in the first couple of
years of their life. Now here they are knocking on
the on the door of the top six, and a
huge part of that is down to him.

Speaker 21 (01:11:05):
Everybody around them playing well.

Speaker 24 (01:11:07):
I'll tell you what a lot of those guys in
the Morner Pacific a team outplayed there. You know, they're
much highly more highly credential opponents. The other night, that's right,
that's right, Pony. The Blues look like a team that
had just been shoved together.

Speaker 3 (01:11:19):
Yep.

Speaker 17 (01:11:19):
They looked completely out of sorts, and and you've got
to give a lot of credit to Miana's defense for that.
They were flying and the attack was left, right and center.
But the Blues, and they're all black players, just looked flat,
completely flat.

Speaker 2 (01:11:32):
Quick question on the netball save this new rule, whether
the ring for the three point or extra point or
whatever the hell that is?

Speaker 22 (01:11:39):
Is it?

Speaker 17 (01:11:40):
Yes, if you had played netball, you would have made
the Canterbury team and you would have nailed.

Speaker 3 (01:11:43):
Those bomb shots. If you just want to know, if
you were eligible to play for the cannopy, is.

Speaker 2 (01:11:49):
It worth four points if you're playing away from the
outside ring.

Speaker 3 (01:11:53):
No, it's not. It's still only worth two.

Speaker 17 (01:11:57):
I reckon it should be worth three because the distance,
the distance star shooting with no backboard, it's incredibly hard.

Speaker 2 (01:12:04):
Yeah, is it? How do you know?

Speaker 3 (01:12:07):
Well, I'm just looking at it?

Speaker 2 (01:12:08):
Look hard? Does it look hard from the sofa? Seth?

Speaker 3 (01:12:11):
It looks bloody hard from the sofast? Does everything? Michael?

Speaker 21 (01:12:15):
You're still critique? Oh, I see most look at that.

Speaker 2 (01:12:17):
That's exactly good as you where as.

Speaker 3 (01:12:21):
You sit on you much more expeenchive, say for going,
I could have done that.

Speaker 18 (01:12:24):
I do that.

Speaker 3 (01:12:29):
These guys are idiots.

Speaker 14 (01:12:32):
Have done that?

Speaker 22 (01:12:33):
Have you?

Speaker 2 (01:12:33):
You've never been to my house either? It sounds exactly
like I do. Well done. Nice to see you, guys.
Jason Py and Andrews.

Speaker 1 (01:12:39):
Eve twenty two, The makee Hosking Breakfast with the Range
rover Villa News togs Head b.

Speaker 2 (01:12:45):
Now, whether it's logistics firm monitoring deliveries in real time
or a tech startup demanding seamless connectivity, can we businesses
depend on strong, reliable networks. So with more than two
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(01:13:29):
slash business to find out more. Two degrees dot inzed
Ford slash business. Teas and c's asking if you miss
thee the headlines Joe Biden very sadly an aggressive form
announced this morning from his office. Aggressive form of prostate
cancer spread to his bones. Last week's seen for a
new finding of a prostate nodule and it appears so

(01:13:50):
the doctors to be hormone sensitive, which allows for effective management.
But his family and him are reviewing treatment options with
his physicians. So from Joe Biden, Mike, if one awaits
us in Spain, our son graduated in Dunedin Saturday, super
proud of his hard work in his degree, taking Jack
to the Grand Prix as a graduation president. How good

(01:14:11):
we are both visiting and can't wait. Come on, linalm,
what a treaty.

Speaker 12 (01:14:16):
I would have gone to university to get a degree
if I'd known someone was going to take me to
the f one so June two.

Speaker 21 (01:14:21):
I don't think that's just a default thing that happens
for everyone.

Speaker 2 (01:14:23):
No, lies are not, oh welcome, never mind news for
you in a couple of moments, then across the Tasman
and Steve Price in Australia here on the Mike hosting
breakfast and news.

Speaker 22 (01:14:31):
Talk to.

Speaker 1 (01:14:34):
News, opinion and everything in between. The Mike costing Breakfast
with Bailey's real Estate, your local experts across residential, commercial
and rural news togs dead be just.

Speaker 2 (01:14:45):
To update you on the Romanian vote. This is the
runoff for the presidents. The it seems now with ninety
percent of the vote in that Dan's going to win it.
But is the fifty three point nine is forty six
to Simeon Simon who declared victory earlier on and of

(01:15:05):
course had a lead of four hundred thousand votes, none
of which has actually come to pass. But the diaspora vote,
which is the counting of that will take a while.
And he's putting his hope Spain, UK, Germany, France, Italy,
a lot of people voting from off shore. His hope
lies in that. Whether he's got seven percent is I
suppose debatable, but it ainate over till it's over. Twenty

(01:15:28):
three to nine.

Speaker 1 (01:15:29):
International correspondence with endsit, eye insurance, peace of mind for
New Zealand, business.

Speaker 2 (01:15:34):
Strikes last, bring the money to you good That so
Elbow was wearing a Sunnis and a sea of world leaders,
there was one man with sunnys on and that was Elbow.

Speaker 14 (01:15:45):
And in a kubra hat. Can you explain that to me?

Speaker 22 (01:15:47):
I just don't understand. So for all of our wonderful
listeners who've never worn on a cubra hat. It's an
Australian brand. It's like our version of the cowboy had
I suppose cool hat. And now politicians normally pull it
out of a bag somewhere when they go outside of
a capital city. So if they're campaigning or launching a

(01:16:09):
new transport project somewhere out in the bush, they put
onto the kubra. This is from a politician. By the way,
antonew Venezia holds an inner urban seat in Sydney, which
is about as far away from a cubra wearing as
you could possibly get. It looks ridiculous when they do
it here. It looked even more ridiculous in my view
to do it at the Vatican.

Speaker 14 (01:16:30):
In Rome in Italy.

Speaker 2 (01:16:32):
Now.

Speaker 14 (01:16:33):
I don't know about you, Mike, but when you travel
you try and blend in a little bit. You don't
try and stand out if you possibly can. And there
is this.

Speaker 22 (01:16:41):
Blow representing our country wandering around in sunglasses wearing a
hat that he would not normally even wear at home.
I mean, am I being too harsh?

Speaker 2 (01:16:51):
Well well no, I mean, just let me put this
spart to your thinning on top warm day in.

Speaker 14 (01:16:56):
Rome baseball cap.

Speaker 22 (01:17:00):
I mean, anyway, he also met with bottom Zelensky on
more serious matters on the sidelines. And finally these M
one A one tanks that we no longer use in
Australia because what would be the point of having tanks
in Australia. Ever, anyway, because no one's coming invading us
over the outside, Darwin, we're going to hit them with tanks.

(01:17:21):
The ridiculous to own them. So we've decided we donate
them to Ukraine, which desperately does need that sort of armory.
And they never left Australian shores. But we now learn
after this meeting between Zelenski and Anthony Alberanizi, that the
tanks are now quote on their way. A couple of
weeks ago the media revealed that the tanks we had
promised I think about three years ago, we were sitting

(01:17:43):
in a shed somewhere and hadn't even left the country.
Now they are unlike the X fighter planes that we
cut up and buried and don't use anymore. So the
tanks are on their way to Ukraine. The meeting with
Zelenski went very well, mister Albernizi. He told him it's
crucial that we dem and Ukraine determines its own future.
He said Australia has already donated one point five billion

(01:18:05):
dollars in support, primarily military and defense support because the
struggles is a quote from the Prime Minister. The struggle
and the courage that your people are showing is quite remarkable,
as is your leadership.

Speaker 14 (01:18:17):
So we're all in on Ukraine.

Speaker 2 (01:18:19):
Well, we're all into what extent because I thought, I mean,
Trump's supposed to be ringing everyone tomorrow and we're going
to get some sort of peace to Are you still
giving these tanks to funder war or are you giving
these tanks because you're promised and you're a bit embarrassed
and they're sort of hopefully won't be used anymore if
and when we ever get to some sort of peace
of room.

Speaker 22 (01:18:36):
One hundred percent the latter comment that you make. They're
on a ship on their way there. They should have
been there two years ago. They will finally get there.
Everyone hopes that the war's over by the time they
do get there. And I presume I don't know if
you've ever been delected in time, but when you go
to the border, there's a tank sitting there in the
tiniest country in Europe. I presume they'll stick them on
the border and say don't come back to our territory.

(01:18:56):
Otherwise the N ONEA ones will be there ready to
should shells at you.

Speaker 2 (01:19:01):
Is there in the budget in Victoria tomorrow something for everybody,
even though.

Speaker 22 (01:19:06):
You have no money, We have no money, and there
is something for everyone in this budget. Absolutely, and it
starts with guess what, Free public transport for anyone under
the age of eighteen for the rest of their lives,
starting on January the first next year.

Speaker 14 (01:19:21):
Now the election is next year, twenty twenty six. We
are broke. But you'll be given a card.

Speaker 22 (01:19:28):
So you have to use a Mikey card in Melbourne
to travel on trains or trams or buses. So anyone
under eighteen will be issued with a special card that
will cost a fortune and you will be able to
tap this on to ride for free. This is all
very well and good. I should point out though that
the Premier, who probably doesn't catch as many trains and

(01:19:49):
trams as what I do, is that anyone under the
age of eighteen, particularly anyone between the ages of say
twelve and eighteen, they don't pay anyone. I never see
anyone bet on a Melbourne tram or a trained tappa cart.

Speaker 2 (01:20:03):
Very glad you said that, because last time I was
in Melbourne and we were coming out of the restaurant
of my daughter and my wife and I and she goes,
we'll catch the train home and I said, well, what
do you need for that?

Speaker 12 (01:20:12):
Do you need a credit card cash? She goes, don't
need anything, just hop on board, noe pays anyway.

Speaker 22 (01:20:18):
Undred So it's a great promise. It's going to on
paper who costs a lot of money, but in reality
it's already happening.

Speaker 14 (01:20:26):
And I should just point out this wonderful figure for you.

Speaker 22 (01:20:29):
The Victorian government debt in twenty fourteen twenty fifteen was
twenty two zero point three billion dollars.

Speaker 14 (01:20:36):
A lot of money, doesn't it makes them?

Speaker 22 (01:20:37):
Could that be because of to day in twenty twenty seven,
twenty twenty eight, So in two years time will be
one hundred and eighty seven point three billion dollars.

Speaker 2 (01:20:49):
Actually funny you should say that. I think ours from memory,
our national debt is about that as well, and so
we're a whole country. Mind you, you'll at least five million,
but our bill on the interest for that is eight
going on nine billion dollars a year just on interest,
so yours will be something similar.

Speaker 14 (01:21:06):
Yes, several million dollars a day we're paying on just.

Speaker 2 (01:21:10):
You watch the F one this morning Oscar Oscar Max
won and he won by a lot, So that whole
Oscar slash and Lando dominance thing seems to be at
least putting its box for a week. Yeah.

Speaker 14 (01:21:25):
Look, I mean it was the first second turn, wasn't it.
I mean he was on pole. He just he let
Mex get through.

Speaker 22 (01:21:31):
He breaked a bit too early, and Max breaked later
and went straight past. Once he was past him, he
was not unless there was a problem. He was not
going to lose, so I wouldn't read too much into that.
Oscar said afterwards that he thought that he'd made a mistake,
and they also was a pit stop problem where they
put him on old He was still on old tires
and Norris went past him.

Speaker 21 (01:21:50):
But there you go.

Speaker 14 (01:21:51):
That's what formula one D.

Speaker 2 (01:21:53):
That is true. Hey, quick question. I read what I
thought was a very interesting article over the weekend in Australia.
They looked at a number of individual boot out of
the election and the swing in Elbow's electorate in some
of the booths, he had a swing to him of
twenty five percent. How do you explain that gibbon one?
You already knew who he was. Generally a prime minister's

(01:22:16):
reasonably popular in their local electorate. What is it that
happened that so many people suddenly fell in love with
them that way?

Speaker 22 (01:22:23):
Well, I guess you're going to go back to the
election before, and there was a very strong vote for
both a Kiel candidate and an independent candidate and the Greens.
So I would put that down without having a look
at that particular booth. A whole bunch of people who
thought they were voting Green in the election prior to
a recent one decided that the Greens had become such

(01:22:45):
a nasty, hard left pro Palestine party that they would
pull their votes from the Greens and give it to
alban Ezy.

Speaker 2 (01:22:53):
That's what I suspecting to see Wednesday. Preciate it very
much to the Price Out of Australia eight forty five.

Speaker 1 (01:23:00):
The Like Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks, a'd.

Speaker 2 (01:23:05):
Be Mike explained this for me, I'm losing two of
my guys who are tilers to Australia as they're offered
sixty five an hour on wages which I just can't
compete with. But look at what they can build a
house for in Australia. It's way cheaper than New Zealand.
It's around three and a half thousand dollars a square meter.
So I can't work it out. Murray, you're wrong. I
don't know where you get three and a half thousand
meters for dollars a meter from, because just last week
I was reading the cost of building quote unquote the

(01:23:27):
cost of building a new house has reached a record high.
There's little chants the prices will ease. Labor and materials
costs have jumped, no sign of reverting to previous levels.
The average cost to build a new house is over
half a million dollars now five hundred and four thousand,
one hundred and nine dollars, six and a half percent
higher than a year earlier, and fifty three percent higher

(01:23:50):
than a March of twenty nineteen. So if your numbers
are wrong, that's how they can do it. The costs
are just going up and up, so they might be
paying your billders, your tire of sixty five dollars now,
but they're pinging off to the people who are buying
the house, which gets me to the part Australia is
a great place to live. Bit allowsy pace to work.

(01:24:10):
I'll do that tomorrow. That was a very good piece
of read over the weekend for all of the people
who are leaving the country thinking Australia is great.

Speaker 12 (01:24:16):
It's not.

Speaker 2 (01:24:18):
But I come back to what I was talking to
the Prime Minister about. It's pathetic, Mike that we want
foreign investment but won't allow them to own properties over
something at five million dollars, which would be less than
one percent of the property transactions a year. I've got
to next time we get Peter's on, I've got to
talk to them about I just cannot, for the life
of me, that general argument that you just don't want

(01:24:39):
foreigners coming and snapping up houses. Fair enough, I fully
get that, But at five million dollars, next to no
one in this country buys a house worth five plus
million dollars, and therefore, what is it you're afraid of?
Read Peter Dunn's pieces. The other thing I read over
the weekend National's worst week in Office and the outlines
all the things that went wrong and he's right, he's correct.

(01:25:01):
But before I leave Australia, just quickly the Lions are
coming are the lines? There seems to be a real
for song about the Lions, mainly because it's only every
dozen years or so. Tickets of five forty nine dollars,
which everyone's moaning about because it's too expensive. More than
half a million fans are expected. But I asked this
question just because it's the British and Irish Lions and
it's all super exciting. If you're coming to play somebody

(01:25:23):
who's useless, why would you then want to go? I mean,
Australia can't play rugby and we all know that they're
no good, so therefore, why would you get excited about
a thrashing?

Speaker 1 (01:25:31):
I think there's an Australian team on top of the
Super Rugby this week. Unfortunately it's only because the Chiefs
had the weekend off, of course.

Speaker 2 (01:25:39):
Exactly, but I mean, one provincial side does not a
national side make would be my argument. Night Away from nine.

Speaker 1 (01:25:47):
The Make Asking Breakfast with Bailey's Real Estate news Togs THEBBE.

Speaker 2 (01:25:51):
I was going to get this early, but as usual,
events have overtaken me, so just christ chitch, wake up,
what's the matter with you? There's business of the cross
at Sumner Cave Rock. The cross has been there since
eighteen sixty four, and there's angst. I'm watching this on there.
It was saiday night, I'm watching it on the television news.
Somebody called Andrew Docking. Andrew, come on, I don't like it.

(01:26:12):
They put lights at Solar Powers. They don't panic about
the power bill. They put lights on this cross a
cave rock, fabulous place, big cross, been there forever. They
put some lights on. So Andrew Docking of Sumner says,
I don't like them. They're bright and they're horrible. It
looks like Vegas. It doesn't Vegas looks like Vegas. A

(01:26:33):
singular cross with some lights looks like a singular cross
with some lights in Sumner. Andrew Morris of Clifton Hill,
which is very nice. My grandparents had a place in
Clifton Hill. It ought not to be the shape of
a Christian cross. I mean, oh, for God's sake, So anyway, sure,
and so that's not the worst of it. There's always
someone's going to moan.

Speaker 5 (01:26:54):
It's like those those vehicles that go past those big
lit up crosses on them.

Speaker 2 (01:27:00):
That's great, that's so noisy, so noisy, so bright. And
then and those crosses just there in our Vegas. Anyway,
the Council, instead of going get lost losers, is going
to launch a survey as though they've got nothing better
to do with their time. Five minutes away from.

Speaker 1 (01:27:17):
Nine trending now with chemist's warehouse, me megasale.

Speaker 2 (01:27:22):
On now Now the plane continues to be a problem.
Trump's got another busy week. He's going to hit the
phones tomorrow. Why is it Monday. I'm going to ring
them on Monday. This is a war is He's got
too much golf on over the weekend. We've got to
can't do it until Monday. Anyway, He's going to hit
the phones. He's got the he's got the Walmart Edam
tariff thing, but he's still got the plane problem from
the Middle East. So Susan Collins, who's a Republican really

(01:27:45):
in name only, it's rife with political espionage. Rick Scott,
who's a genuine Republican, isn't convinced it's a good idea.
Ran Paul, who wanted to be a Republican president, said
it could undermine Trump's wins raised more questions and isn't
worth the headache, coudn't agree with them more? And that's
before I keep constitutionally it's against the law anyway, the

(01:28:05):
Deems have had a craik.

Speaker 21 (01:28:06):
Saudi Arabia giving twenty five million dollars guitar or all
of these countries.

Speaker 22 (01:28:11):
These are people that.

Speaker 21 (01:28:12):
Kill women and treat women horribly, and yet you take
their money. Got a gift to me.

Speaker 22 (01:28:17):
It's a gift to the Department of Defense. And you
should know better.

Speaker 24 (01:28:21):
Why don't you give back the money that you've taken
from certain countries that treat certain groups of people so horribly?

Speaker 2 (01:28:29):
You should be embarrassed to asking that question.

Speaker 7 (01:28:32):
They're giving us a free jet.

Speaker 19 (01:28:34):
I could say no, no, no, don't give us.

Speaker 14 (01:28:36):
Or I could say, thank you very much.

Speaker 2 (01:28:37):
Why don't you give back the money. I think it
would be a great gesture.

Speaker 21 (01:28:40):
I thought it was a beautiful gesture.

Speaker 22 (01:28:42):
Now there are those that say we shouldn't be accepting
gifts to the Defense.

Speaker 2 (01:28:46):
Department, And I would say, only a stupid person would
say that it should have never happened. Yeah, dumb idea
until it's a good idea, A good idea until it's
a dumb idea, and so it goes depends on whether
you're in office or not.

Speaker 12 (01:28:58):
I don't know how he gets past us. He's got
enough problems with his base at the moment. If you
look at all the polding than this, I don't get him.

Speaker 2 (01:29:06):
Anyway. That's us for the day. Monday morning. Not too bad.
We'll do four more and then we'll call it a weekend.
How's that sound to you. Annie Murphy does the name
ring a Bell, Shit's Creek. Murray Bartlett does the name
ring a Bell, White Lotus, among others. Anyway, they're together
on the program Why I Shall Tell You Tomorrow, as
they say, as always, Happy Days.

Speaker 1 (01:29:30):
For more from the Mic Asking Breakfast, listen live to
news talks. It'd be from six am weekdays, or follow
the podcast on iHeartRadio.

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