Full Show Podcast: 20 August 2025

Episode Transcript
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Speaker 1 (00:00):
New Zealand's voice of reason is Mike the mic Hosking
Breakfast with Bailey's real Estate Altogether better across residential, commercial
and rural news talks, head Beat.

Speaker 2 (00:11):
Well and welcome today the Reserve Bank in the cash rate,
more Dost stats on our kids reading in Math's abilities.
The Trademan has gone as way to Washington, Mark and
Jinny Politics Wednesday after Wave, Richard Arnold with the meeting
wash up, Steve Price in Australia as well, Pasky, Welcome
to Wednesday seven past six. The Great Debate on again today,
of course, as the Reserve Bank enters our collective consciousness
with a crack at the cash right, they will cut

(00:32):
at twenty five points. But that's not the news. Of course.
The cut was sought at last week by the retail
banks who saw what we see, know what's coming and
drop the old mortgage money again. Now, the real news
is what Christian says, apart from the twenty five points
and how he says it, or indeed, if you're a
read between the tea leaves person and what he doesn't say.
The trouble for the bank is there in charge of inflation.
Of course, inflation is sought off, kind of tamed. It's

(00:55):
at the upper end of the zero to three percent
band at the moment. It may well breach it this year,
but generally it is thought that it will settle trouble
with that is what's driving inflation, not growth. Bills are
cost plus accounting is your rates bill is now your
rates bill produces no growth, but it does stow inflation.
So what's Christian to do? Inflation with no growth? By
the way, it's called stagflation. That is not good. There's

(01:17):
also debate around what neutral is. In other words, what
does the cash right have to get to before we
all roughly agree the job has done growth as bubbling,
inflation as taming the Reserve Bank can step back for
a while now. Some say this might be it, today,
might be it. Kelly Eckold he thinks a twenty five
point cut today he's at Westpac. He says neutrals three percent.
Others say it's two point seven five percent. In fact,
quite a few people say it's two point seven five percent.

(01:39):
Andrew Kellihis says it's two and a half. They're not
all right, and they can't be all wrong, and that's
why you don't want to be the Reserve Bank governor.
Of course, it does throw up the frailties of the
bank and its riding instructions. They are not surgeons who
poke and pride and micro adjust. They've just got a big,
fat hammer and they smack inflation with it. If farming
makes enough to cover lots of industries that aren't bud

(02:00):
who they may look through some of that. They are
not a welfare agency. But sadly, many of our futures
are inextricably linked to what they think. So what Christians
should say is twenty five points today and stand by
because I've got two more where that came from. But Willie.

Speaker 3 (02:20):
News of the World in ninety seconds could be.

Speaker 2 (02:23):
Switzerland, won't be Moscow might not happen at all. And
that's before we get to the boots on the ground
and who's boots. So the meeting wash up and that
call with putin.

Speaker 4 (02:31):
The cob president putin yesterday and I do have a
good relationship, but it, you know, only matters if we
get things done. Otherwise I don't care about the relationship.
I've saw seven wars, we ended seven wars. I thought
this would be one of the easier ones. And this
has turned out to be the toughest.

Speaker 2 (02:46):
Well, I swear to God, every time he talks about
the war, the number goes up. It's now says so
I'm sure started at five the other day. A lot
of the observers thought yesterday actually brought some hope. Ed Davey,
the LIBDM bloke back in Britain, was nobly through.

Speaker 5 (02:56):
Excuse me for being skeptical about how he's gone about this,
the way he seems to be way too friendly to
Vladimir Putin, rolling out the red carpet with someone who's
a war criminal.

Speaker 2 (03:08):
Trump. Here's another matter on his mind, banning mail in voting.
This is Colorado, They're ready.

Speaker 6 (03:13):
Donald Trump is trying to power grab head of the
twenty six elections. We will stop him, just like I've
stopped him from rolling back mail ballots multiple times, and
we will fight any attempt to disenfranchise millions of Americans
all across the country.

Speaker 2 (03:28):
Then the other war seems from US has agreed to
a sixty dayer. But what about the Israelis.

Speaker 7 (03:33):
I believe that Natagiel will have no choice back to
go and take it.

Speaker 2 (03:38):
Since this the gaps.

Speaker 7 (03:39):
Now between the two sides is within rich a compromise
is within Rich.

Speaker 2 (03:45):
Then back in Britain the Migrant Hotel Mes, specifically EPINGH
in Essex, which has been the scene of all those protests.
Of course I've gone and found a judge of a
night and got a temporary hold.

Speaker 8 (03:52):
What we call upon the government for all along has
been talked to us and let's move this forward. We
always knew the Bell Hotel was the wrong location because
of its close proximity to schools and other parts of
the community.

Speaker 3 (04:05):
It was never going to work out over in Calai.

Speaker 2 (04:08):
Though the aid workers aren't thrilled, it seems to.

Speaker 9 (04:10):
Be a victory for violent protests more than anything else.
Where's the compassion, Where's the kindness, Where's the decency? And
the problem with this is in violent disorder works here?
Where does it stop?

Speaker 2 (04:21):
Finally, new dining trend. We've got water peerings in here,
the dinner with your water lap. They probably don't pronounce
it that way because it is in the UK Lad
Pope pote first water menu. So they are going to
offer three different bottles, four different sparklings along with tap.
Of course, the idea was suggested to the owners by
a water Somelia who owns his own water bars. So

(04:43):
that's clearly becoming a thing in response to the rising
number of people who don't drink alcohol. Of course anyone.
So the cost, what are we dealing with? The cheapest
bottle is going to be eleven fifty most expensive bottle
of sparkling forty four dollars. Its news the world in
ninety year. Where are they going to meet? Well, first
of all, we don't even know they're going to meet.
They seem to I think everyone seems to think they will,
but it's not actually one hundred percent confirmed. Putin said Moscow.

(05:04):
But then he would say that, and Zelenski said, don't
be stupid, I'm not going to Moscow. Switzerland has offered
Putent immunity war criminal of course, so they've offered him immunity,
so it might be held there, and geographically speaking, it
works for both of them. Twelve past six.

Speaker 1 (05:22):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, part
by News Talk Zippy.

Speaker 2 (05:31):
You want to know where confidences? Confidences in Australia highest
level of more than three and a half years came
out yesterday. This is the Westpac Melbourne Institute Measure of
Consumer Confidence up five point seven percent in August, so
it was three cuts and they're after the races fifteen
past six big lay money back, money back, Jay am
I wealthy, callah, good morning, very good morning mine. So

(05:51):
dairy time, it's it's okay, it's down, smitch, But it's
not the end of the world.

Speaker 6 (05:55):
Is it.

Speaker 4 (05:56):
No?

Speaker 10 (05:56):
I think it's pretty much hasteadius.

Speaker 11 (05:57):
She goes out come in the Global Dairy Trade auction
this morning, so they're moving into the high volume part
of the season. I would have thought steady pricing take
the volatility out of those results, that that would be
a pretty.

Speaker 10 (06:08):
Good or desired outcome, wouldn't it.

Speaker 11 (06:10):
And so yeah, the price index is down zero point
three percent, so I think that satisfies the low volatility outcome,
doesn't it.

Speaker 2 (06:18):
Iving So hold up a smooge skimmed down, a smurge
butter down. It's all right, yeah, yes.

Speaker 11 (06:23):
So, I mean the big grunty product, skim milk powdered
down one point eight percent. But if you look at
the price action that really continues the range training was
seen in previous months, and whole milk powder plus zero
point three percent, So I don't see there really And
I think everyone will be happy with that.

Speaker 2 (06:36):
Now Sky I'm reading about yesterday, So they're going to
chase some money. Is there money out there? I mean
I'm putting money into Sky.

Speaker 10 (06:44):
Look, they probably it's a big part of the index.

Speaker 11 (06:46):
And when when stocks are a large part of the index,
that people tend to want to sort of replicate where
the index is. So maybe at the margins though, people
make a call. Yeah, they hit the headlines yesterday ahead
of their results. So it's we big report week this week,
but they've got in ahead of their report. They said
they've gone into a trading halt said they expect to

(07:07):
make a material announcement regarding a capital race, so raising
more money, as you say, not debt but equity. The
thing is there's been a bit of market speculation. I
think it might have been the Australian newspaper was talking
about a possible capital race.

Speaker 10 (07:19):
Skuy said.

Speaker 11 (07:20):
He said they aren't ready to make any announcement, not
a position to do that yet to maintain an orderly market,
they halted trading. They did say that the twenty five
year results will be consistent with guidance. Look like there
has been a bit of market chatter around the possibility.
I'd call it chatter about the possibility of asset sales,
things like selling off their car parks.

Speaker 10 (07:40):
To raise money.

Speaker 11 (07:42):
From a market point of view, the probability of a
capital race I think probably been downplayed. Now it looks
like a distinct possibility. Yesterday's release was very firm in
the position that a decision hadn't been made yet, but
results announcement Thursday, all will be revealed.

Speaker 12 (07:57):
Then.

Speaker 10 (07:57):
Look, if they have to raise the money, they probably
will get it.

Speaker 2 (08:00):
Business inflation and these these price pressures are still a thing,
aren't they.

Speaker 10 (08:05):
Yeah, this is the Producer Price Index, Mike.

Speaker 11 (08:07):
It doesn't get the press courage that CPI does, but
it gives us a window into the price pressure being
faced by businesses. And I thought there was some really
interesting aspects of the start really is yesday.

Speaker 10 (08:16):
First, that is still price pressure. The price that producers
charged is up four point two percent on a year ago.
That's well above CPI inflation. But if you look at.

Speaker 11 (08:26):
Their input prices, that was up four point five percent.

Speaker 10 (08:29):
So notice one's higher than the other.

Speaker 11 (08:30):
In other words, in simple terms, they're absorbing some of
the input cost increases. The other key takeaway Mike, price
pressures in the farming sector appear to be lessening. The
farm index price index is now fallen for three consecutive quarters,
So at the moment, those guys are getting higher commodity
prices and lower input costs, which sounds pretty good, doesn't it.

Speaker 2 (08:51):
I reckon, wish I was a farmer twenty five. I
mean everyone is twenty five. That's sort of thing, is it.
I mean, what's he going to say?

Speaker 10 (08:58):
Is the key exactly?

Speaker 11 (09:00):
So twenty five basis point cut really pretty much universally accepted.

Speaker 10 (09:03):
I think you just said that. I think they neutral.

Speaker 2 (09:05):
I think you did. I'm misquoting you.

Speaker 10 (09:07):
I think no. I think there's a difference here. I
think neutral might be a little bit higher than that.

Speaker 11 (09:11):
What I'm doing is questioning whether or not we need
to go to two and a half to give the
economy a boost.

Speaker 10 (09:17):
We do a bit of a confidence where you.

Speaker 2 (09:19):
And I agreed on that. Don't come on the program
start changing your mind, flip flopping all over the place.

Speaker 10 (09:23):
Not flip flopping, Mike.

Speaker 11 (09:24):
I'm saying there's a difference between where the rate should
go and what neutral is the long term neutral. But
the key issue here, Mike is today, is whether there's
any reference to the weaker economy because you've got this conundrum.

Speaker 10 (09:35):
They've got surplus capacity, but they've got.

Speaker 11 (09:38):
A higher than desirable inflation in the short term. Mike,
One real interesting point, problematic inflation. Where's it coming from?
Food prices? Why food price is higher because our exporters
are doing well. It's one of these things you can't have.
You can't have your cake and eat it too, can you.

Speaker 2 (09:53):
Well, you can't afford take And that's the problem, isn't it.
That's what Christy needs to sort out today. What are
the numbers?

Speaker 11 (09:58):
The US market is a little bit week actually, the
Dow Jones is down seventy three points forty four thousand,
eight hundred and thirty eight. That's point one six percent.
But the S and P five hundred is up forty
is down forty three points point six seven percent, six
point five. The poor odd nase's been sold a little
bit more. It's down one point four percent. In Vidia
under a little bit of pressure, that's three hundred and

(10:20):
five points twenty one thousand, three hundred and twenty five.
The forty one hundred over night game to third percent
nine one eight nine thirty.

Speaker 10 (10:27):
One points up.

Speaker 11 (10:28):
The NICK eight was down point three eight percent forty
three thousand, five hundred and forty six little change in
Shanghai composite three seven two seven.

Speaker 10 (10:36):
The Aussi's yes they lost zero point seven percent.

Speaker 11 (10:39):
Eighty eight nine six down sixty three points, and the
NZCX fifty down forty two points yesterday point three two
percent twelve thousand, nine hundred and twenty eight kiw dollar
we eakening off a little bit against the US, my
five nine o two against the US, point nine one
three seven against the OSSI, point five oh sixty two
against the Euro, point four to three seventy three against

(11:01):
the pound. Those London holidays are getting more expensive. Japanese
yen eighty six point nine eight gold trading at three
thy three hundred and seventeen dollars and break crude. You'll
like this though, bring it on sixty five dollars seventy cents.

Speaker 2 (11:14):
I'll take it. Go well see tomorrow. Andre Kelleher Joemiwealth
dot co dot m Z explain this to me. Rischmont,
who owned Carti. Among other things, sales in America are up,
so apparently Americans don't have any money, but they've got
money for flash watches and jewelry. Then Pandoro, which is
not selling internationally, particularly why they've got problems in China.
I thought that was a kid's thing. I thought Pandora
was a teenagey tweeny type. Let's get some bracelets and

(11:37):
some charms. Am I wrong on that? Anyway? Sales in
America are up eight percent, so jewelry is on a
splooge at the moment, six twenty one. Here at News Talks.

Speaker 1 (11:46):
dB good the Mike Asking Breakfast Full Show podcast on
iHeartRadio powered by News Talks.

Speaker 10 (11:56):
At B.

Speaker 2 (11:58):
Morning, Mike, hope you have a crack at the self
entitled teachers rejecting payoff are an average wage of one
hundred dot. I'm not going to have having crack at teachers.
We love teachers, we all love nurses. We all love teachers.
I like good teachers. I don't like the poor teachers.
And the thing about nurses. Broadly speaking, most nurses are good.
Broadly speaking, most teachers aren't necessarily good. Some teachers are hopeless,
and the more honest we get about that, the better.

(12:19):
But we're not going to change that because that's the unions.
But at one hundred. I don't think you want to
argue around pay increases based on your salary just because
you're in one hundred thousand dollars. You might. I mean,
a good teacher deserves more than a hundred thousand dollars.
A great teacher I reckons worth two hundred and fifty plus.
But because they insist on everyone getting paid the same,
they're never going to go there. So I'm not going
to have a crack at the teachers for the sake

(12:39):
of it. I feel sorry this morning. Get again for
the kids, and you need again for the parents and
to a degree for the teachers themselves, because this will
achieve nothing. Strikes achieve nothing. My cutting interest rates by
twenty five points to is slow and dragging out stimulating
the economy. I don't think the Reserve Bank realizes how
many companies are right on the brink, had collapsed as
a result of a lack of price. Company is investing

(13:00):
with confidence. Robbie, I think you're probably right. But in
that is the is the vexed and complex world in
which Christian Hawksby operates, and that's why the job is
so important, and that's why the decision today is so
important and will cover it of course, six twenty five.

Speaker 1 (13:14):
Trending now one a squarehouse, You're one star for Father's Day, Fragrance.

Speaker 2 (13:19):
Right, the world of podcasts and who doesn't Love a podcast?
Trouble with Podcasts? Written yesterday. Guess how many people listen
to a podcast each week in Australia. I don't have
New Zealand numbers. I'll come back to that in a moment,
but I thought it was an interesting number anyway. Trouble
the podcast as everyone's trying to find one guest to
make them go viral. So this morning we have Sarah
l Madani. Sarah's on the Real Housewives of Dubai. She's

(13:40):
speaking with Vishan Lahyani. He owns mind Valley, a personal
growth company. Sarah decides to give out some life advice.

Speaker 13 (13:47):
It's gone off And I've heard that from a friend
of mine. He said, don't love your job, job your love.

Speaker 10 (13:53):
So yeah, I love that.

Speaker 14 (13:55):
Yeah, it sounds like you love that. I know, I
love that, Jube, You'll love.

Speaker 2 (14:06):
Nine million people in Australia listen to podcasts each week.
Does that surprise? I think that's a low number. Third
of people. In other words, two thirds of Australians do
not listen to a podcast at all. So all the
noise around podcasts that everyone listened to podcasts and a
nine million podcasts and everyone's into podcast is simply not true.
Two thirds of Australians, and I see no reason to
believe it wouldn't be the same sort of number here
don't listen to podcasts. So maybe podcasts are a thing.

(14:28):
Maybe they're not. I don't know. Building I got some insight.
The good news here this morning is the job numbers.
I mean, construction has been in a disaster zone for jobs.
They've lost sixteen thousand jobs over the last couple of years.
But the report out yesterday says they are on the
verge of the comeback. Twenty six is the comeback. The
comeback is on. Also this morning, Todd McClay joins us

(14:50):
from Saudi on his way to Washington. He's going to
try and twist some arms. So is the fifteen percent
rock solid or not? He's with us after seven film
the Meantime.

Speaker 1 (14:59):
Uses next Mike Hard Game been fateful, engaging and fitally
The Mike Hosking Breakfast with a Vita, Retirement, Communities, Life
Your Way, News Togs, had been.

Speaker 2 (15:11):
Which Donald shortly as a devise that had tries that
Budapesta is at Switzerland World. Where do we go now?
He is in a couple of moments. Meantime at twenty
three to seven, some insight into our construction sector, which
in some ways, of course, has been the poster child
the job losses in the last couple of years. We're
at a six year low, sixteen thousand fewer jobs, total
revenue down five percent to ninety four billion. But but
but buckle up. I think twenty six is recovery time.

(15:32):
Kyl Taylor's the CEO of Combined Building Supplies co Op
and is back with us. Carl morning, Good morning, Mike,
how are you very well? Thank you? Is this the bottom?

Speaker 15 (15:42):
I think we are at the bottom. It's certainly still
tough out there, like I've been mentioned to use to
quite a while now. But in fact, we actually surveyed
a lot of our members last month and fifty four
percent of them staying the same, They're pretty steady. Was
thirty seven percent still slowing, So it's still pretty bleak.
But it feels like we are.

Speaker 16 (16:01):
In the bottom here.

Speaker 2 (16:01):
That the horizontal vertical thing that you guys deal with
is there divergence in that when this twenty six vibe
comes around, are you building up or out or it
doesn't matter.

Speaker 15 (16:12):
It's a bit of everything really. I mean, we're seeing
the civil sector certainly booming. There's a lot of partically
down south, a lot of infrastructure work going on, but
residential new housing I would have said, pretty pretty dead.
Client hesitation's probably still the biggest issue with a lot
of the members that I talk through. They've got clients
that just can't make up their mind whether they want

(16:32):
to spend some money or not. And if they are
sp any money, it appears to be back in that
renovation work still with. They're not having to quite spends much.

Speaker 2 (16:40):
Nothing wrong with a good reno, though.

Speaker 15 (16:42):
Carl keeps the economy flowing, keeps tells going.

Speaker 2 (16:46):
You had a good bathroom there. You've got a lot
of joy in a bathroom, fully tiled bathroom, you get
a lot of pleasure out of that.

Speaker 15 (16:53):
Yeah, it's still good spending. It's still money going to tell,
So any.

Speaker 17 (16:56):
Works good work.

Speaker 15 (16:57):
At the moment I think to the guys, yeah.

Speaker 2 (16:59):
Do you have a different answered, because this is politics
and I follow that very closely. So the argument is
this labor will tell you the procurement, the pipelines rubbish
and this government's canceled everything. The government will tell you
that the problem was the interest rates were too high
because the last lot buggered the place. What's true.

Speaker 3 (17:16):
Well, what I.

Speaker 15 (17:16):
Would say is the one thing the government's done this
time I think in ours for our sector is that
they are doing everything they've promised to do when they
went as the government. The last government, I couldn't even
get in front of the construction minister, where this one
they actually listen. So I feel as if they are
doing what we require in the sector.

Speaker 2 (17:37):
Yeah, okay, So twenty six, are you going to have problems?
Given sixteen thousand have left, I'm assuming many have gone
to places like Australia, Are you going to have hiring troubles?

Speaker 15 (17:46):
Yeah, that's happening already. I was in Australia only last week.
It doesn't appear to be that much greener there. The
wages are certainly higher, travels more expensive, so it's about
the same. And believe it or not, building costs I
still sit around that two thousand and four thousand.

Speaker 17 (18:01):
So yeah, there's going to be a problem.

Speaker 15 (18:02):
But at least when it does crank back in, we're
going to have a long time to be able to
try and bring those people back or at least rehire again.

Speaker 2 (18:09):
Anyway, good stuff, Carl. Always a pleasure to have you
on the program. Carl Taylor, I don't think you brought
into my renovated bathroom thing quite as enthusiastically as I
was thinking.

Speaker 14 (18:17):
You get a lot of joy out of bathroom.

Speaker 2 (18:18):
I get tremendous joy out of bathrooms at two thirty
in the morning. My floor is nice and warm, and
my towel rail's hot, and my my, my aged brass heads.

Speaker 14 (18:29):
Look you hang on, hang on, hang on.

Speaker 18 (18:32):
I don't think me.

Speaker 17 (18:34):
It is sorry.

Speaker 2 (18:35):
Who was the construction minister? Poto and Megan Woods couldn't
get in front of the construction minister Posto Williams and
Meghan Woods? What a surprise. Richard's next twenty two.

Speaker 1 (18:47):
The mic Asking Breakfast Full Show podcast on iHeartRadio, Howard
by News Talks.

Speaker 16 (18:52):
It be.

Speaker 2 (18:55):
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(19:15):
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(19:36):
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slash getting dash advice. It's a bit tricky. I'll give
it to you one more time. Milford Asset dot Com

(19:56):
slash getting Dash Advice had skiing Mike, there's nothing quite
as pleasant as a heated bathroom floor with a powerful showerheads.
Couldn't agree with you more. Do you know my showerhead?
I've got one of those rain shower things. Never used it,
literally never used them. Mike, I worked for a large
architecture whom we're getting busy twenty six is going to
see a good uplift and very pleased to hear that,
because architectures worried me, because it's buildings one thing, but

(20:19):
architecture is another. You've got to get an architecture and
make it architectural home. Therefore the worksmen a bit tights.
I'm pleased to hear it. Mike, must be nice, a
nice warm toutsis or it's nice.

Speaker 10 (20:29):
It's like the.

Speaker 2 (20:30):
Ritz Carlton Central Park in New York, my bathroom or
my d suite as I called it.

Speaker 19 (20:35):
Sixteen to two International Correspondence with ends in Eye Insurance
Peace of Mind for New Zealand Business.

Speaker 2 (20:42):
Richard Arnold outside, how are you?

Speaker 20 (20:44):
I'm well good?

Speaker 2 (20:45):
Much so as a Buddha pest is it? Switzerland is
at Moscow. Is it on? What's happening?

Speaker 20 (20:49):
Those are all good questions, don't they?

Speaker 16 (20:50):
What are we left with?

Speaker 20 (20:51):
It was quite a scene at the White House with
something we haven't witnessed in the modern Here are seven
leaders of the Western lines scrambling to Washington in defense
of Ukraine's lisky. Mid meeting, Trump gets in line with
Russi's Putin and said he had sort of set up.

Speaker 2 (21:05):
A meeting between Putin and z Linsey sort of.

Speaker 20 (21:08):
The White House is pressing this with Trump's media reps
saying a short time ago.

Speaker 21 (21:14):
President Trump spoke with President Putin by phone, and he
agreed to begin the next phase of the peace process,
a meeting between President Putin and President Zelensky. I understand
accommodations for that meeting are underway.

Speaker 2 (21:26):
No details.

Speaker 20 (21:27):
Russia's Foreign minister Lavrov refused comment, but also refused to
rule any of this out. But Russia just launched one
of its biggest attacks from Ukraine through the night, firing
two hundred and seventy drones ten missiles, hitting sixteen different
Ukrainian towns and cities. So what does that say about
peace hopes? Russia hit energy and transport sites and civilian areas.

(21:48):
As ever, it's been bloody. Trump now says there's a
coat warmth between him and Putin. And then came this
hot bike moment where Trump was whispering to French President
Macron about Putin.

Speaker 3 (22:00):
I think he wants to make a deal for.

Speaker 20 (22:02):
Putin wants to make a deal for me, says Trump.
So the war was all about what getting the Nobel
Prize for Trump wasn't Then there's the shuffle over future
security for Ukraine if all of this plays out, Trump
said yesterday, the US is all in trying to make
sure that any truce or whatever is not a repeat
of what you mentioned nineteen ninety four when the US,

(22:23):
Russia around Europe gave Ukraine security assurances which turned out
to be absolutely meaningless, said Trump of European security.

Speaker 4 (22:31):
They are a first line of defense because they're there
the Europe.

Speaker 22 (22:35):
But we're going to help them out.

Speaker 2 (22:36):
Also, we'll be involved.

Speaker 20 (22:37):
So that was a day ago, right now. Roll On
twenty four hours asked about what the US will do
in terms of offering any troops for this NATO style
security blanket. He told Fox Today it won't.

Speaker 7 (22:50):
Be American boots on the ground defending that border.

Speaker 4 (22:54):
Where do you have my assurance? And I'm president?

Speaker 20 (22:56):
So again, what do we left with?

Speaker 15 (22:57):
Mike?

Speaker 20 (22:58):
It should be noted that Zelensky had all the Western
leaders have learned how to flatter and suck up to
President Trump. Here's a moment when foxes for the deuce,
he echoed Kremlin talking points and Zelensky refused to bite.
What patients the man has?

Speaker 15 (23:13):
Are you prepared to keep send the Ukrainian troops to
their death for another couple of years?

Speaker 6 (23:18):
Or are you going to agree to redraw the maps?

Speaker 12 (23:23):
Thank you for your questions.

Speaker 23 (23:24):
So, first of all, you know we live under easy attacks.

Speaker 14 (23:28):
You know that today have been a lot.

Speaker 20 (23:29):
Of the tax So is Zelensky sending Ukrainian troops to
their deaths or are Ukrainians finding courageously to protect their
homeland and their democracy. One commentator here is saying that
Kremlin could have not written the Fox question any better.

Speaker 2 (23:44):
They arrived back the Dems in Texas. Where does that
redistricting gona?

Speaker 20 (23:48):
Well, it's underway. We've seen big moves in Texas where
the Dems have ended a two week walkout. They left
the state trying to stop the electoral maps being redrawn.
In a way that would lock in five new Republican
congressional seats and perhaps a Republican majority in the Congress federally.
Them's tonight a quorum. Now the remaking of those electorates

(24:09):
is underway, with Democratic lawmakers underguard except for one, the
core Collier, who refused to agree to an armed escort.
So she is being held in the House chamber as
a sort of white political prisoner. People are outside chanting.

Speaker 3 (24:23):
Let her out.

Speaker 20 (24:24):
So, Mike, is this democras?

Speaker 2 (24:26):
It is weird? As all right might see in a
couple of days. Richard Arnald State side should follow that.
It's an interesting story because the Dems are doing similar
things in other states. So what they're trying to do
in redistricting, they basically are allowed to redraw the map,
And in redistricting the Dems are looking to counteract what
the Republicans are doing in Texas. So it all balances
out at the end of the day. It's the stupid
ass system. Newsmacks, by the way, I have settled with

(24:48):
dominion remited, dominion rand, the voting machines, and Newsmaks said
old bunch of random stuff about the election In twenty
twenty that got settled yesterday one hundred million dollars. They
wrote the check for Fox wrote a fairly large check
to them as well, and the US State. This is
real and it's interesting because a lot of New Zealand
students end up at American universities. So far, the State
Department has rejected six thousand student visas. So this is

(25:10):
the whole. If you've said anything particularly random on social
media and you're a bit outspoken about certain parts of
the world and life and times, Rubio might find your
phone and then decide you're not going to Harvard. So
about four thousand of those revoked because basically the students
break the law. There's probably nothing wrong with that. I
don't think you can defend that you can't go to America,
study at Harvard or Stamford, then go out and break

(25:32):
American law and not expecting to get booted out. Two
to three hundred visas also revoked for terrorism done under
the INA three B rule. There's more than one point
one million international students from two hundred and ten countries
in US colleges, so it is a big, big business.

Speaker 1 (25:48):
Ten to seven the make Asking Breakfast with a Vida
retirement Communities News, togs Head.

Speaker 2 (25:55):
Be there, shivn away from seven. So this Trump claim
of seven wars at all, it's bs as usual. India
parks done in May, it's maybe maybe not. India rejects
the third party was involved in any way. Pakistan's nominated
Trump for a peace price. So some like it, some don't.
So let's give them. Let's give them one war. Let's
give them that one. A Democratic Republic of Congo and
Rwanda generally will give them a Yes, it's still ongoing,

(26:17):
but they signed, so we'll give them two wars. So
so far too up, two down. As a Bajan at Armenia,
there was a joint peace declaration signed just the other day.
They're at the table transportation corridor. It's called the Trump
Route for Peace and Prosperity. Said that the win so
three out of three. So the guy's on a roll.
Thailand Cambodia. Now this is where I got a bit
efy on this. That was not a war that lasted
a handful of days. There was a skirmish on the

(26:39):
border and he rang them up and he said, listen,
if you guys don't get it sorted out, I'm going
to increase somebody's tariffs, and so they stopped. Now, so
it wasn't a war, it was a skirmish. He did
solve it, so you can give him something. You can
give them half a point for that. Israel Iran? I mean,
come on, is that over? Is that finished? Is Iran
finished for now? I guess you can argue yes, I

(26:59):
mean bomb them. The B twos went in. Have you
heard from Iran since no? So that's when. So he's
doing all right so far. Egypt Ethiopia dispute over the Nile.
That's a river. Both countries said, nothing's been solved, No
casualties linked to the dams. No, so he hasn't done
anything there, but he's claiming it, so he's wrong. Serbia
Kosovo says Serbia was about to clash but he ended it.

(27:20):
So there's a new rule of law, mission and native
peace plan also, so no, no, no, no, no no no.
So there's two no's there, five maybes, five years. So
he's done five out of seven. But the next one,
if he gets this one done, that's the big one,
isn't it. Then you reckon five minutes away from seven?

Speaker 1 (27:38):
Well, the ins and the ouse, it's the biz with
business Fiber take your business productivity to the next level.

Speaker 2 (27:45):
Now we're into where we're heading an insurance and if
you listen to the show on a regular basis, you
know how big I am on this. Your insurance world
is going to change in a dramatic way and the
ensuing year's Tower is starting to charge customers more for
your insurance of your properties at higher risipram, slat and
sea surges. So we're seeing this round various parts of
the country. Wellington, of course you'll be going, oh, what,
what's new here? Ten percent of customers who this effects

(28:07):
medium increase is going to be about two hundred and
thirty dollars a year, So that's not the end of
the world, is it? And for the other ninety percent
it's about seventy dollars less. Now. Tower did a similar
risk based thing for earthquakes back in twenty eighteen six
percent homes are at risk of earthquakes. Then for the
floods in twenty twenty one, six percent of homes at
risk of flooding. Percentage of New Zealand homes at risk

(28:31):
of sea surges is currently five percent, while three percent
of increased risk of being affected by slips, so that's
a real thing. Now they take into account community efforts
to reduce the risks, like small groups putting up a
sea wall. I don't know that's true. I mean, obviously,
if you go along and you go mate your houses
on the edge of a cliff and you go. But

(28:51):
Brian and I spent the weekend with a working bee
putting up the sea wall. They go, really, did you
show us a photo? I can't even that's true. They
just say two hundred. This is the other thing you
need to know about. The government has yet to decide
on this. The two hundred dollars plus hiker Natural Hazards Commission.
Levy Seymour's sort of overseeing this. They used to be

(29:12):
known as the Earthquake Commission, of course, but they're going
to charge you more for basically they can't afford to
cover you. So this is the stuff when stuff goes
wrong and you go to what was the earthquake called
Natural Hazards Commission and you get some money. It's never
covered everything. It never will cover everything. But it's covering
even less because there's too many natural events going on

(29:33):
in the country. So they're going to have to sting
you more. Now you will go. But isn't that inflationary?
Isn't that a cost plus? But yes it is. So
you're complaining about the councils, you can plain about the
government as well. But then again, what do you want?
Do you want no insurance cover? What are you going
to do? And this was where we bring in the
central banking Christian hawks? But you reckon he's got the job.
By the way, when are they going to announce that?
Has he got the job or someone else got the job? Anyway,

(29:54):
cash rate day to day will get some predictions for
you after the news, which is next here news talk
said be.

Speaker 1 (30:01):
News, opinion and everything in between the Mike Costing breakfast
with Rainthrover leading by example, news togs.

Speaker 2 (30:10):
Seven past seven. So right, another ocr day. Everyone seems
to see the twenty five points being cut from the
cash rope. The real story of courses of the commentary.
Does the bank think they've done the job? Or is
there more where that came from? Today Jared Kirkie, why
Bank's chief economist is back with us. Jared, very good
morning to you.

Speaker 17 (30:24):
Good morning mind.

Speaker 2 (30:25):
I must congratulate you because you've been consistent over the months.
You've said fifty to fifty to fifty points and you
need some more help from the bank. Do you think
ultimately you will be proved to be right?

Speaker 17 (30:36):
I think we're getting close to the bottom and I
think that's, you know, where we need to be, and
it's what we've been calling for.

Speaker 2 (30:44):
So, yeah, twenty five today with how many more? One
or two?

Speaker 18 (30:49):
Another?

Speaker 4 (30:50):
Two?

Speaker 2 (30:51):
So that gets us down to what two? Five? Two
point five?

Speaker 13 (30:54):
Yeah?

Speaker 17 (30:55):
Exactly. And while we're saying that, is that we think
neutrals are round three and slightly. Symmetry setting is what
we need.

Speaker 2 (31:03):
Right, So do they see that? And if they don't
see it, could they have done it quicker?

Speaker 17 (31:09):
They could have done it quicker. I mean they paused
last meeting, which I don't think was the right decision,
and here we are cutting today. I do think they
get it. Their current ocr track, which is their four cars,
suggests that they can go down to two seventy five.
So we're getting close. And I just think we need
to get us into symmetry territory to really get us

(31:32):
out of a recession.

Speaker 2 (31:34):
How much of it's psychological and how much of it's real?
I mean, we keep saying twenty five and something will happen,
and then all these people are on their fixed rates
and they will go, well, you know, and run around,
we go it hasn't happened.

Speaker 3 (31:45):
Has it? No?

Speaker 13 (31:46):
Not yet.

Speaker 17 (31:47):
You need to get instrates to a level where it
actually kicks in and it stimulates and it gets people talking,
it gets people excited, and we're not there. When I
talk to property investors, you know, mortgage rates at five percent,
they're a lot better than what they were, you know,
seven and a half percent last year, but they're not
at levels that are enticing them. Rental yields are not there.

(32:09):
They're at three and a half percent, they're not at five.
You talk to businesses and that's just nervous that they're
not ready to go out and invest correct.

Speaker 2 (32:21):
What's your vibe on Christian? Is he going to tell
us what he needs to tell us today or is
he going to play it close to his chest so
he doesn't overplay his hand. From his point of view.

Speaker 17 (32:29):
Well, he played it close to his chest and May,
which I think was the wrong decision. I think he
should have been a bit more aggressive, a bit more
pro growth. So I think we'll get a bit more
of what we saw in May today he will cut.
He will point to the need for another one, but
he's playing his cards very close to his chest.

Speaker 2 (32:50):
Is it him or is it the committee? Or is
it both? Are they all of the similar realk They
sit in a room in Wellington's stare at spreadshets.

Speaker 17 (32:58):
Yeah, they do as part of the gig. And I
do think they're being cautious with what's going on overseas,
and there is a bit of residual inflation locally that
they're worried about. I just think they need to look
through it. This time next year, we think inflation is
going to be below two percent, and that gives them

(33:18):
plenty of your headon to cut.

Speaker 2 (33:20):
All right, let's see what happens. Apreciate your time as always.
Jared Kirkkey, We Bank chief Economists. Ten minutes past seven.
More confirmation that absurd numbers of our children can't read
or do maths properly. Twenty four percent listen to this.
Twenty four percent of year eight students meet the newly
implemented standards for writing twenty four So that's seventy six
because I can do maths, seventy six percent who don't.
So the Writing Action Plan has been launched along with
all the other action plans to dig ourselves out of

(33:42):
this educational whole. Erica Stanford is the Education Minister back
with us. Good morning, Good morning, mate. Explain this to me,
so writing when you start in year three, don't start
in the year three. By year three, forty one percent
of people meet the standard thirty three, by year six,
twenty four, by year eight. That looks like they go
to school and go backwards.

Speaker 24 (33:58):
Yeah, does look like that. Longer you stay at school,
the worse the results. And that is the reason for
that is we've had a very bad curriculum which has
now been replaced this year. We've had teaching practices teaching
children to read that make them guess the word and
read the whole sentence and then think about the context
and guess the word. I mean, this is basically the
results of years and years and years of decline and

(34:22):
poor practice and a poor curriculum. And that's changed from
this year. But those baseline results are pretty grim.

Speaker 2 (34:28):
Yes they are. You speak and I watched you again
yesterday when you were doing a press conference at that school.
You speak of these programs like doctors speak of penicillin. So,
in other words, if I give you penicillin, the cure
is there. Do you know that what you're doing is
going to work? Or do you just hope, like hell
it does.

Speaker 24 (34:44):
Every single thing we've implemented has been evidence based and
already has results. So, for example, when we implemented structured
literacy and mandated it across the entire system, that wasn't
just a finger in the one let's hope it works.
That was based on years and years and years, in fact,
decades of cognitive research, and a whole lot of schools
had already implemented it and we could see the enormous
accelerated effect of it. And the same will be with

(35:06):
this writing tool. There's a few things we really struggle
with handwriting in this country because essentially haven't been doing
it enough and we haven't been done it properly. So
the new Handwriting Guide will tell teachers exactly how to
teach handwriting, truly new toll that we.

Speaker 2 (35:19):
Will right tremendous responsibility on you, and we blame the
schools and all that. Where are the parents in all
of this? I mean maths, I get because maths is funny,
but reading isn't. Where are the parents?

Speaker 16 (35:32):
Well?

Speaker 24 (35:33):
That is a good question, and I think there's a
couple of answers to that. Firstly, I feel like there
has been a little bit of a Chinese wall between
schools and parents, which is why we launched the Parent Portal.
Here is everything your child will be learning in year
one in English, so you can see, and here are
a whole lot of resources you can help out at home.
Parents didn't have access to that before. They were flying
a little bit blind. And they turn up to a

(35:54):
parent teacher interview and your kids sitting right there beside you.
It's no longer an an honest conversation between you and
the t it's child lead. For goodness sake, you know,
we've got to give power back to the parents and
say you are demanding customers. You also have a responsibility
when things are falling behind. You have to do something
at home as well. And look, but you're right, you
know we're going to have something more to say next next,

(36:15):
in the next few weeks about a plan for next year.
In terms of engaging parents in literacy and reading at home,
the most important thing you can do is speak and
read to your child.

Speaker 2 (36:25):
Well, let us know when you're doing that. We'll get
you on again appreciated Erica Stamford, who's the education minister?
It's thirteen minutes past seven pastlight to I the only
person seeing the irony of teachers striking the day after
the announcement that our children's literacy and numeracy have hit
record lows. No, you're not mourning, Mike. I wonder if
all the schools we're doing to mark down the students's
that down the students has unjustified absence? What about the teachers?

Speaker 15 (36:44):
Is this?

Speaker 2 (36:45):
I read those out? That's just a small selection of
what I get on strike day. More for teachers than nurses,
I must admit. Is that a vibe? What are we
sick of the teachers striking? Is that the teachers striking?
Or is that the union's driving it? Should we be
playing teachers on merit as opposed to just paying teachers
for turning up in the classroom like the unions want.

(37:06):
Are New Zealanders broadly speaking out of patients with teachers
or is it just a small collection? Who hit the text?
On the my Casking Breakfast Show fourteen past seven, The.

Speaker 1 (37:17):
My Asking Breakfast Full Show podcast on iHeartRadio powered by News.

Speaker 2 (37:22):
Talks at be Mike good point, do we have visibility
on the breakdown of that twenty four percent? Is that
made up mainly private school pupils and therefore the public
school statistics are even worse than that, and the teachers
want more money seems counterproductive. It's an interesting point. Geographic
geography would play a fairly big part in that. I
suspect as well. Right seventeen past seven of the Business
of sport, the Blues and their Super Rugby team are

(37:43):
moving to Go Media for a couple of games next year.
Go Media Stadium, this of course the home of the
Warriors in Auckland FC. Now Nick Saunton is the CEO
of Eden Park and is with us on this. Nick
Morning good Morning might take his time, no worries. Is
this a gut punch.

Speaker 25 (37:57):
Well, we're still working closely with Auckland Rugby, Auckland Unlimited
and the Blues to finalize the twenty twenty six Super
Agby schedule. But having the right event and the right
venue is important and the Blues negotiation probably highlights the
need for a broader conversation regarding the Auckland Stadium network.
And then you have best it along with what's best Auckland.
When we optimize and utilize our stadium methots, do.

Speaker 2 (38:19):
You lose money or do the Blues lose money every
time they go to Edon Park? Is that the problem
they go to a smaller stadium.

Speaker 25 (38:26):
Now every time they come to Eden Park they make
money before a balls kicked the commercial terms with the Blues,
meaning that they are significantly advantaged by our programs like
our membership program, but also a number of the initiatives
we've implemented over the last two years to assist with
their ongoing viability.

Speaker 2 (38:44):
Well, do they make more money going to go Media then.

Speaker 25 (38:47):
I'm not privy to the arrangements. Obviously Go Meetia as
a council controlled venue, eating parks to charitable trust and
we do work closely with Auckland Unlimited. And I do
think as I mentioned, this whole utilizer of starting infrastructure
in Auckland, maximizing attendances, but also what's best of the city.
Given that Eden Park is the national stadium with the

(39:08):
Corol opening will be seven minutes to town. We need
to get more people back to rugby and we want
to work with both ns ARE and also the Blues
to ensure that that's the case.

Speaker 2 (39:16):
What if it goes really well and they go there's
six games the following season at go Media, then what happens.

Speaker 25 (39:23):
Well, we'll have to look for new content and that's
been a focus at OURS over the last five years
where we've divers fighted our content. We've got events like
Arten the Park, the Hot Wheels, Monster Trucks, International League,
Metallica International Cricket, the Edinburgh Tattoo. But rugby is critical
for us, Mike. As you can imagine, next year is
the thirty year anniversary of Super Rugby, so for us

(39:44):
we want to be celebrating with the Blues thirty.

Speaker 2 (39:46):
Years of Super Rugby. That's another one of those weird
things where I go, how long Super Rugby have been going?
I reckon I'd say fifteen. Anyway, Nick, appreciate it. Nick Saortaner,
who's the of Eden Park Erica needs to tell schools
to get on with that. I'm a teacher in schools
can make changes now as a teacher, Mike, I just
was Erica was in charge years ago. Everything she says
makes one hundred percent sense. Pay teachers on merrit Michael,
that's never going to happen. You and I can dream.

(40:09):
Mike wouldn't mind a parliament full of Erica's attitude. Should
kids be taking parents discool? It's not a bad point.
I've got more to say on that in the moment,
Mike remind me who was the Minister of Education in
the last six years that I think bordering on being
unfair to neet is your answer, But it goes back
further than that. The decline has been multi government, so
I don't think you want to lay it directly at
the doorstep of the Labor Party and the Labor Party

(40:31):
Ali obviously they didn't help. Yeah, back to the classroom
and parents in the moment.

Speaker 1 (40:35):
Seven twenty the Mike Asking Breakfast Full Show podcast on
iHeartRadio powered by News Talk Seppy.

Speaker 2 (40:45):
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(41:29):
Pick up the Real House of Fragrance Gift Guide. It's
filled with great gift ideas for that Chemists Warehouse. The
Real House of Fragrances. This Father's Day asking as Kagie
the other day. So if you got my Father's Day
all sorted out, she has far too early, haven't given
it a moment's thought. And actually I believed her. You
know when you think, oh no, you're keeping it secret.
I actually believed it. Seven twenty three. Now can I

(41:49):
ask you a question about parents? I sort of asked Erica.
A moment ago, I watched Erica, as I told I,
do that press conference yesterday at a school in Wellington
launching this writing action plan. And while I was watching that,
I was reading story about Niola Willis, who it was
suggested by people in London might be the next prime minister.
And now she'd gone to the New Zealand if you've
missed this piece of nonsense, as she'd gone to the
New Zealand Society on her trip last week, stood there

(42:11):
in a tangerine suiting. There had been a buzz about
the room as they wondered whether this was New Zealand's
next prime minister. It was a very weird story and
says a lot about the modern media. And it means nothing,
of course, but if it ever came down to it,
I'd take Stamford over Willis all day long. She is
a force of nature. Stanford. And if you ever want
to see a minister in charge of detail what you're
in a classroom in front of cameras, you won't fail

(42:32):
to be impressed. Bad news, though part of the day
involved this release of the data showing our kids in
year three, six and eight they're in real trouble when
it comes to the maths and reading, A small minority
are where they should be, a small minority, our small
minority are where they should be. So the claim is
at this stage by Stanford is what they've introduced and
are introducing is the turnaround plan, is the magic, the cure,

(42:55):
the panacea. Not that it makes it better. But the
numbers out yesterday were marked against some of the new standards,
hence the mass of failure rate. Now this stuff is
benchmark internationally. As she told us a moment ago, and
once not long ago, maybe when I was at school.
I don't know. In a lot of stuff, we actually
lead the world today. We are so far from leading

(43:16):
the world. It makes you want to cry. Stanford isn't crying.
She speaks in a way that suggests you know something
the rest of us don't like. She's seen the future
and it's bright, or it could be. She just hopes
it is and is faking it till she makes it.
Because the gap between where our kids are and where
they need to be as gargantuan. So back to the parents,
where are they maths? As I suggested to Erica a moment,

(43:39):
you can sort of I mean, it can be tricky
maths if you want to find an excuse, But reading
and writing isn't A kid who can't read or write
properly by high school, And that's what we're dealing with here.
By high school is a reflection of their home life.
As much as the school, schools take too much heat,
I reckon governments take too much heat. If your kid
can't read or write, and your kid is twelve thirteen

(44:00):
years old, where have you been hosking?

Speaker 7 (44:04):
Like?

Speaker 2 (44:05):
I teach at a private school, so obviously no way
I'm getting to day off. However, even if it was
a public school, I would not be in the union.
Almost all my teaching friends in public schools are also
not in the union. Those who have found excuses not
to go to the strike today and are writing workshops
for their students. Many of us teachers think the union
is out of touch and pushing for students rather than teachers,
and the verification rather than the curriculum. It's not a

(44:26):
bad point. Quick question for you, is anybody anybody in
this country not thinking what I am about Winston Peters
and what he did yesterday? How good? I mean, it
took him too long? If I'm going to criticize one thing.
It took him too long. I would have done at
day one, the moment I arrived as Foreign Minister. But
bringing Mallard home, that little cretitous twat bringing him home

(44:51):
early good on Winston and his defense. I mean, I
know that Winston's a bit obsessed about the protests and
spraying them in music, and that's just the twettishness that
you got from Mallard. But the more important point that
he made yesterday is that you don't spend your life
in the diplomatic service, building your skills and your contacts
only to be usurped by an idiot like Mallard because

(45:12):
he's a political appointment, and that's applicable to many people
who have become political appointment. So getting Mallard home was
probably the best thing Winston Peters will do this entire term.
And I ask you that question again, is there a
single New Zealander who thinks that what he did yesterday
was the wrong thing?

Speaker 1 (45:29):
News is Next, New Zealand's home for trusted news and views,
The Mike Hosking Breakfast with Bailey's real Estate altogether better
across residential, commercial, and rural news talks dead b.

Speaker 2 (45:42):
Mark and Jinny after Oat Politics Wednesday twenty three to
ah speaking which we joined the Trade minister on the
road this want to use in Saudi on his way
to Washington. Tariffs at fifteen percent worse than places like
the UK and Australia. Of course, the Hoper's arms can
be twisted at Todd McLay Trade Ministers backward.

Speaker 16 (45:57):
This morning, make of money.

Speaker 2 (45:59):
Before we talk talk about Washington, talk to me about
Saudi Arabia. Is the sort of the emirates in the
Middle East matures?

Speaker 19 (46:04):
Are you?

Speaker 2 (46:05):
Are you bullish about what we've signed there and what
we're doing there?

Speaker 16 (46:09):
Yes, I am.

Speaker 23 (46:10):
This is I think it's my fourth trip up here
since the election, and the relationship is growing. I had
a chance to meet quite a few New Zealand companies
that are doing work here. There's a huge amount of
construction going on, but the government meetings that I'm having,
they want to do a whole lot with us, and
you know, it's just another footprint in the Middle East

(46:31):
where Kiwi exporters, you know, can do well.

Speaker 2 (46:34):
From my observation, the Middle East in general seem like
what you would call genuine free traders. So they're not.
We're not tied up in a lot of paperwork and
red tape and ideology. Is that fair or not?

Speaker 23 (46:45):
Yeah, that is right, And that's that's a change over
the last ten years. I think when I've traineding this
the last time, it was a pretty tough place for
Kiwis to do business. Saudi, as an example, is quite
open now. They are welcoming the world. They have people
from everywhere there want, you know, want companies to come
and set up. They see they just see themselves as
you know, being quite open, and there's a real sense

(47:07):
of vibrancy and energy here. It's almost as if you know,
anything can happen and it's all good, all right.

Speaker 2 (47:12):
Next up Washington, what chance you get something tangible?

Speaker 16 (47:17):
Yeah.

Speaker 23 (47:18):
Look, I'm not going there to get the tariffrate off
and that's not going to happen.

Speaker 16 (47:21):
So I want to be pretty clear.

Speaker 23 (47:23):
But what the President has done has said every single
country that had a trade surplus last year against the
US is fifteen percent or more. But what I'm going
up to do is one express you know the harm
that I think that's doing to trade. But then secondly,
what's the process for us to have that tarifyrate come
down if we move back to the US having a

(47:45):
surplus of deficit, which actually most of the time our
trade has been in the other direction and is generally
going to buy planes, gives and stuff the government's likely
to do. So what's the process from here. Secondly, we
just need so much more certainty for our exporters. If
it's going to keep changing, tell us that so that
they can work out where the risk is and.

Speaker 16 (48:04):
What they're going to do. So we'll be up there.

Speaker 23 (48:06):
Look, it's going to be a robust conversation, but it's
a very very important one for a sister to start
doing that.

Speaker 2 (48:11):
So the bloke you deal with, this Jameson Grew guy,
who is he and does he make any decisions? And
how far short of the president is he? And I
mean is he really a good contact point?

Speaker 16 (48:22):
Yeah, he's very good.

Speaker 23 (48:23):
So he's the United States trade representative, that's their trade
their trade minister. I suppose you put it. He's the
one that's doing most of the negotiation with China at
the moment. The other part or part in this is
their Commerce secretary, who also is involved with other parts
of the world. But I think what's really really clear

(48:43):
is that the final decision on what happens rests with
President Trump. And in my conversation with jameson Greer, less
than twenty four hours after you know, the President made
the announcement of New Zealand other countries going up by
that five percent, it was as simple as this. The
President said, give me a list of all the to
the surface about fifteen percent of more, and he put
a ring around them. And so the decision, the final

(49:05):
decision making, is in the White House.

Speaker 2 (49:07):
So from his point of view, Trump's point of view,
you can understand his logic. Is that fair? I mean,
we do have there is a surplus there, and he
wants to balance that.

Speaker 23 (49:15):
Well, yeah, well, well you know our surplus is modest.
It's five hundred million dollars. I mean, I was in
Indonesia a week ago and there's a sixteen billion, right,
and so they're sitting at nineteen percent.

Speaker 16 (49:31):
So I do get that he wants to balance that out.

Speaker 23 (49:33):
But if you think about New Zealand and the case
that I will continue to make to them, US goods
into New Zealand average.

Speaker 16 (49:40):
Face a zero point three percent teriff rate.

Speaker 23 (49:43):
We are an open economy, We respect the rules there
is nothing stopping trade with the US, and so ultimately,
you know, there's not that much we can do, although
it will swing in the other direction. But I think
the important thing, Mike is you know, the US is
still an important market and we're still selling up there.
As tariff rates go up, of course it becomes harder,

(50:05):
but there is growing evidence that this is inflationary and
the costs have been passed on in many cases to
yours consumers. So I think there's a long way to
go yet before you know exactly how this tariff new
tariff raising and putting in place is going to work.

Speaker 2 (50:18):
What he seems to like as deals, why don't you
buy a couple of planes or something.

Speaker 23 (50:23):
Yeah, well, we'll be talking about that certainly, But I
don't know that we should rush out and do something
just straight away.

Speaker 16 (50:28):
I mean, ultimately we're going to keep doing what we're doing.
There'll be things that get brought from America and you know,
things that will buy from them. But it is the
start of that conversation.

Speaker 23 (50:37):
When I met James and Grea in Corea a couple
of months ago, and I think it was a third
time i'd had a conversation with him, He was very frank.

Speaker 16 (50:44):
He said, you are the good guys. We don't really
have a problem with you.

Speaker 23 (50:47):
We're negotiating with all the other countries of the world
that have big, big trade surpluses or very high terriff
you're not that We should sit down and talk later
in the year. As a result of the press at
making this decision, let's move some of that conversation forward.
So look, I'm not going I'm going to be clear
again that the fifteen percent is not coming off. That's
the new flow for anybody with our surplus. But we

(51:11):
need to see the process forward and get them much
more certainty for our exports because you know, in the end,
if it happens again for any reason he decided to
put it up against those countries, it really is going
to start biting.

Speaker 2 (51:22):
All right, appreciate it, travel well, Tom McClay, Trade Minister, Mike,
we always turn a negative into a positive. We're going
to do renovations in our bathroom year thirteen. Son on
a day off due to the teacher strike, will help
strip out the bathroom today, helping rationalize our cost plus.
He heads to his bank account for a tiger you
need for next year. There you go that is not
completely completely wasted eighteen to two The.

Speaker 1 (51:43):
Mike Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks.

Speaker 2 (51:48):
It'd be Mike tom McClay is able to communicate his
answers clearly and simply, and the interview I felt like
I genuinely learned something. That's good. Mike tom mcclay's gone
up in my estimation this term. He's got the goods,
Tony I was all of them anyway, So if he's
improved in your eyes, that's good. Our best story of
the day, is it the best story of the day?
I think it's pretty close. Are the balls the US
opens on at the moment, the US Tennis Open Flushing Meadow,

(52:09):
of course, the fame Flushing Meadow. Are the bulls are
New Zealand. The wall for the bulls comes from New Zealand.
Romney sheep crossbred Romney sheep. So they supply Woolworks as
the company. They're the scar of biggest scar in the country. Woolworks.
They supply a textile manufacturer in Thailand called Tti Sports

(52:30):
who make the balls and there's going to be one
hundred thousand Wilson balls at the US Open. So your
crossbred wool, it's blended with a thread wrapped around a
rubber corn. Microns of thirty two through thirty six are perfect.
And we make a good romney, and the romney makes
the good wall, and the wall goes to Thailand. And
the next stopper is Flushing Meadow, New York, New Zealand.

Speaker 14 (52:51):
What do you have to feed the sheep to get
them to go there?

Speaker 2 (52:53):
Color green or yellow? It's tricking. It's not bad. Ah.
By the way, the other thing I noted this morning
of that, do you remember? I feel like you know
when you watch television programs. Everyone watches television programs even
though they don't. And certainly it's not the case anymore.
But I used to love Grand Designs. I thought Grand
Design Kip McLeod's sort of a hero of mine. He's

(53:14):
a very likable guy, done a lot of interesting things
in the world of architecture and design and stuff like that.
And Grand Designs is a fantastically successful program internationally. And
dare I suggest, with no personal disrespect to the people
who have been bold locally, but the spin offs have
been a fairly poor shade of the original. It's a

(53:34):
very good example of unless you can make the spinoff
as good as the original, don't bother. And they tried
here and it didn't work. I think they tried in
Australia didn't work either. Anyway. The most famous story from
Grand Designs was, of course that house in Devon, the
kind of the castle in Devon. The guy Edward Short,
remember him. He was a recorder, a music executive, and

(53:55):
he built this thing and it looked the plan was amazing,
and you looked at it and you thought, my god,
if he ever pulls this off water house, except of
course he didn't. And in the ensuing period he did
what always happens. He goes over the budget. But he
went over and over and over and over and over
the budget. But he wouldn't listen, he wouldn't change. He
was determined. He became a man obsessed. Unfortunately the missus

(54:18):
wasn't overly obsessed with him, so she left, So the
marriage fell apart. The banks started going, mate, you can't
have any more money. And this thing's gone on for years.
I think I think the original thing started back in
twenty twelves. There's been well over a decade old, and
he finally got it done. It kind of broke him
and he had depression. And but the point of it is,

(54:38):
and it's that fantastic interface between I don't know, obsession, humanity, art, dreaming, genius, madness,
it's all in there. This house, to my eye, is
absolutely spectacular.

Speaker 18 (54:54):
Well see, this is not the lesson that I think
that Missus Husking Hawksby Mary to take from this.

Speaker 2 (55:00):
No, but the problem with it was is it owes
him more than he's ever going to get back. He
listed it for ten million pounds, so twenty one twenty
two million New Zealand dollars, which in Devon is like
you may as well ask for six trillion because no
one's living in Devon for that money. It's sold overnight
for five point twenty five. So he's lost or the
bank at this point because they rang him up and
said there's no more.

Speaker 14 (55:20):
And so he creates his dream house and then he
just flogs it off.

Speaker 2 (55:25):
He has to because he owes money, and he's a
broken man because of it. So the point is, but
the point is he did something magnificent that will stand
the test of time. He just doesn't own it. So
if I was his psychiatrist, I'd say, see the good
in that that you've contributed something tangible that others will

(55:49):
enjoy for time immemorial. And that was you, and that
is your contribution to the world. The fact you don't
own it, don't be too down about it. The fact
you still owe five million pounds to the bank, don't
worry about that either. And can you pay for the
session as you leave please? Nine minutes away from eight the.

Speaker 1 (56:09):
Main Hosking breakfast with rainthrowver news, Tog's dead bet away.

Speaker 2 (56:13):
From it got a scrap and Nelson councilor by law
banning advertising flags. You know there's advertising flags outside shops.
Coffee on Queen has been threatened with a five hundred
dollars fine forced to remove the flag. It attracts an
estimated two to three hundred dollars in foot traffic. Apparently.
Matt Redwood is the co owner of the place in
he's with us, Matt, Morning, morning, Mike.

Speaker 13 (56:31):
How are you today?

Speaker 2 (56:32):
Very well? Indeed is this new? This law is not new?

Speaker 13 (56:34):
I take it no, We've We've been in this business
five years men, my wife and this law came into
a figus. By law came in the sixth in November,
and we never knew about it until about three weeks ago,
just after the floods, the councilman came down and told
us all the business we had to remove their flags.

Speaker 2 (56:51):
Are there lots of flags.

Speaker 13 (56:54):
On the main street of Richmond. I will probably count
twenty down the main street, so it's quite affected businesses.

Speaker 2 (57:01):
Well, I was going to ask, do you know it's
effective or you think it's effective?

Speaker 13 (57:05):
No, I definitely know it's effective because what you open
so early in the morning's mike and people just tell
me we know you're open because your flag's out, and
of to other businesses down the street and they hidden
buy kinder boxes and stuff and they put their flags
out and people know where they are. Right, it's yeah,
it's driving. Yeah, there's taking a lot of money out
of our pocket.

Speaker 2 (57:24):
Do you do you have people complain about the flags.

Speaker 13 (57:27):
I've never had a first to complain at the flag,
never ever, because they're once.

Speaker 2 (57:30):
They are a bit flappy on a windy day, aren't
they. They can they swing around, they can hit you, can't.

Speaker 13 (57:34):
They Our foot path here which is two and a
half meters wide, So yeah, so it's a very wide
foot path. So between with my flag sits and where
the shop is two meters gat so you're virtually walking
in the car doors if you're walking tow the flag
deput Well.

Speaker 2 (57:50):
When the person comes in from the council, what do
they I mean, what do they call themselves? Are they
the flag ticket?

Speaker 4 (57:55):
What?

Speaker 2 (57:55):
What are they called? I'm from the council.

Speaker 13 (57:57):
First of all, it was the parking warden who had
to issue the first one, so he was the first protocol.
And then we had a gentleman come down from the
council who controls the bylaws, and him and me had
caught a heated discussion about it, and I just said
that this is cost of this money? How did this
come about? And we didn't get confrontation on this. It
was just like pushed through without nobody knowing.

Speaker 2 (58:18):
Did he buy a coffee?

Speaker 13 (58:20):
No he didn't.

Speaker 16 (58:21):
Not a pry I know, right.

Speaker 2 (58:24):
So what are you what are you going to do? Nothing?

Speaker 13 (58:27):
You can nothing off They've told us we can. We
can go up there and reapply to this be looked
at after six months because there's an election coming up
and I'm kind of staying to the council you can
look at this now like we should be able to
get a change now, like not harping to sit around
and go we can fix this, or we can come
to compromise. They just don't want to do anything.

Speaker 2 (58:49):
Hey, what's what's a what's a long black? How much
you're charging?

Speaker 13 (58:53):
We're four fifty? This is rich for Lord Auckland's.

Speaker 2 (58:57):
You've got two and a half meter wide footpaths and
four fifty coffee. Yep, I don't know what I'm doing here, mate, listen,
I wish you the best with it. Matt Redwood, co
owner of Coffee on Queen.

Speaker 14 (59:06):
I think we're moving the show me for goodness.

Speaker 2 (59:08):
Sake, four dollars fifty and two and a half meter
wide foot parts.

Speaker 14 (59:11):
As he tried sticking one in a cone with that
bear way around it.

Speaker 2 (59:17):
SBS are offering three point nine nine percent mortgage money.
First time buyer's got to be a first time buyer,
But three point ninety nine you crack three, So I mean,
I'm not that's not an ad. I'm just saying I'm
interested in people getting into their first time and I'm
not interested in people moaning about how expensive it Isn't
it like there's an answer. Get three point nine nine
from SBS, Go buy a house and Nelson go buy

(59:39):
in Richmond. You've got two and a half meter wide
foot pass, you got four dollar fifty coffee, you got
three ninety nine mortgage money, you got a first home.
Come on News and then we'll do Mark and Ginny
and then we'll get to Steve across the Tasma that
big round table they're having the elbow idea that we're
going to fix Australia with a round table. That's under way.
So we'll see how the see how meantime, As I

(01:00:01):
say News, this next year of News Talk seven.

Speaker 26 (01:00:03):
Mazie setting me agenda and talking the big issues, the
Mike Hosking Breakfast with a Vita, retirement, communities, Life your Way,
News Talks head Be.

Speaker 2 (01:00:27):
We haven't done music like this for one Now, this
is Ellison Goldfrapp. She is pop royalty. That's what it
says in front of me. She's pop royalty. So that's
that's good marketing from them, because you say that enough
that it'll turn out to be true. Now, this is
her second full length album and amongst the catchiest of

(01:00:49):
her quarter century careers. So what I'm reading from that
is she's been around for twenty five years and this
is only your second album.

Speaker 18 (01:00:56):
So the question, no, no, you've mess read it, You've
left out the word. But once again, Uklim, you've got
perfect vision. Oh second solo.

Speaker 2 (01:01:03):
Album, No it doesn't say solo, it's is her second
full length album.

Speaker 18 (01:01:07):
Well, I'm telling you it's a second solo album anyway,
because she used to be at a band that was
just called Goldfrap.

Speaker 2 (01:01:14):
That is correct. Her music is Goldfrap with Will Gregory.
So I read that as well. Don't think I hadn't
done the research on this monkly as you were anyway.
So she's done the Goldfrap slash Gregory stuff plenty of
albums in the twenty five year period, but only gone
solo twice.

Speaker 12 (01:01:32):
Yeah.

Speaker 2 (01:01:33):
See we got there on the end, isn't it as well?

Speaker 12 (01:01:35):
We didn't and we did.

Speaker 14 (01:01:36):
The good thing was we didn't have to shout at.

Speaker 2 (01:01:38):
Each other's shot. Just been a huge argument in the studio,
just a massive meltdown, like an unbelievable.

Speaker 14 (01:01:46):
We just point out you didn't shout.

Speaker 2 (01:01:47):
I didn't shout. No, you and I were just observer
as to what really was. It was the WWE of
radio producer slash Management Clusters. Thirty seven minutes and seventeen
seconds ten tracks and Mark Mitchells will us along with
Ginny Anderson. Morning to both of you.

Speaker 25 (01:02:04):
Good morning.

Speaker 22 (01:02:06):
You should you should trust your producers because they got
JK on last week and I thought he was bloody outstanding.

Speaker 2 (01:02:11):
He was outstanding. He was very very good, indeed, and
I do trust my producers. But the management, you know,
I've got to adhere to the management because they're like,
you know, higher up, what do you doing? You ever
had a screaming match in your office? Ginny?

Speaker 16 (01:02:26):
No, Haven's actually no, when you were.

Speaker 2 (01:02:28):
A minister and under pressure and somebody came and press
secretary came in with something stupid, do you ever yell
at them or you have a sort of a bit of
back and forward.

Speaker 27 (01:02:38):
No, No, it doesn't really help you get anywhere. I mean,
I'd worked as an advisor in those situations before, and
I've seen ministers do some of those things. When I
was Beckham the day, who.

Speaker 14 (01:02:49):
Are the ministers?

Speaker 2 (01:02:50):
Who are the troublesome ministers in trouble? Give me it
was you will get the one.

Speaker 27 (01:02:55):
You get a few do buns sometimes who just kind
of win the presso's bag. You can and when you
see that Heppen, you see that it never hacks the
situation and resolves the problem.

Speaker 2 (01:03:06):
Did you use the term doombum?

Speaker 27 (01:03:09):
Yeah?

Speaker 4 (01:03:09):
I didn't do.

Speaker 2 (01:03:10):
What is that you do?

Speaker 27 (01:03:12):
Your bun?

Speaker 24 (01:03:13):
You know you have a ald t.

Speaker 27 (01:03:14):
T like at to say it, But actually, actually it's
funny you mentioned the hat because there's something happening in
the Hot tonight that I'll bet you want to know about.
And it's a public meeting on pay equity down at
the hat park Road's house at sexty p tonight.

Speaker 2 (01:03:33):
What's the hut park Road?

Speaker 4 (01:03:35):
Yeah?

Speaker 27 (01:03:35):
Hot park Roads is also jump a rama down there,
but you probably wouldn't be interested.

Speaker 2 (01:03:39):
I would rather go to jump a rama than a
meeting about.

Speaker 27 (01:03:45):
So J and Carmel will be down there.

Speaker 2 (01:03:47):
Oh no, anyone who was.

Speaker 3 (01:03:52):
Last time?

Speaker 27 (01:03:53):
Twenty five park Roads?

Speaker 3 (01:03:56):
Last time?

Speaker 22 (01:03:56):
Last time Labor held a meeting and christ Buship's elector,
I think half doesn't people to up.

Speaker 2 (01:04:01):
To goodness and Carmel Sepaloni at a meeting in the.

Speaker 24 (01:04:06):
Hut on equity women's.

Speaker 2 (01:04:09):
Ony gees talk about exciting to come. Do you Mark?
I mean you wouldn't lose because you're an affable sort
of likable kind of guy. But but but I mean,
does it. But there must have been You must have
seen the screaming and the bee hive, mustn't you. There
must be, you know, someone losing the rag.

Speaker 3 (01:04:27):
Only in the house. You see it happened in the house.
I haven't seen it happen in officers of Look, you.

Speaker 22 (01:04:33):
Know, I'm very proud of my team, and we operate
as a team and if the pressures on, we all
absorb it together. And you know, I feel very fortunate,
very lucky to have the team that I've got.

Speaker 2 (01:04:42):
Good on you. That was about as diplomatic as you
possibly get. You should actually replace Mallard on that broad subject, Jenny.

Speaker 3 (01:04:50):
Well, it do come from an Irish background.

Speaker 2 (01:04:52):
There you go, on that broad subject.

Speaker 27 (01:04:54):
I've got something we've got in common.

Speaker 2 (01:04:56):
Well, there you go. Now do you think that I mean,
was Peter right yesterday? Jenny? I mean, should diplomats be
actual diplomats as opposed to political appointment?

Speaker 27 (01:05:06):
Well, it's a bit tricky when they're kind of in
those positions. And I'm still not quite clear as to
why his time was terminated, because it's like, but why
now he's been the Minister for ages and he maybe.

Speaker 2 (01:05:20):
He's looking for the replacement. It's a good point. I
raised it earlier, didn't do it day one?

Speaker 27 (01:05:24):
Yeah, what does he do this now? And he seems
to be no either real driver or reason as to
way to that.

Speaker 2 (01:05:30):
I know what it is. Do you know what it is?
Because he wants to take the heat off and from
the very broken contract payment.

Speaker 27 (01:05:37):
It's a good point. Or the fact that there was
these COVID issues and there's some voter base in their
foot could be there.

Speaker 2 (01:05:44):
He could have gone too.

Speaker 3 (01:05:45):
Did he try? Did he try tristpausing? What's from parliament grounds?

Speaker 17 (01:05:49):
Yes?

Speaker 3 (01:05:49):
The stage question coming out?

Speaker 22 (01:05:52):
So, I mean it's a crime if you're playing Verry
Menilow loud.

Speaker 2 (01:05:57):
That is true. It's very Menilo is almost as bad
as a pay equity meeting in the hut with Carmel Cepalani.

Speaker 27 (01:06:07):
We could place in Berry Mentialo at the pay equity
meeting and you can.

Speaker 2 (01:06:11):
Makes So what do you think do you have a
view mark diplomatic it should diplomat to be diplomats or
is there room for political appointment?

Speaker 16 (01:06:18):
Well?

Speaker 3 (01:06:18):
I think there's my viewers. It depends on the individual.

Speaker 22 (01:06:22):
But you know, we do have our infats world class
and that's what they do. Strive and a posting a
lot that is the ultimate sort of career pathway for them,
and I think Winston recognizes that.

Speaker 2 (01:06:32):
Yeah. Pre break more Moment Jennny Anderson, Mark Mitchell, thirteen past.

Speaker 1 (01:06:36):
The Make Hosking Breakfast Full Show podcast on iHeart Radio
News Talks.

Speaker 2 (01:06:44):
Sixteen past eight Junny Anderson, Mark Mitchell, Mark hand on Heart.
Would you, if you were called to a COVID inquiry,
having been the government of the day during a COVID period,
front up publicly?

Speaker 3 (01:06:54):
Yes? I would.

Speaker 22 (01:06:55):
And I feel very strongly about this because we are
public servants. We're there to serve the public we're voted
didn't buy them, and a big part of that is
fronting up. And sometimes, look, you know, I know myself,
I don't like being I don't feel I'm very good
at media, but I front up to every media request that.

Speaker 3 (01:07:10):
I get because actually that is our job.

Speaker 22 (01:07:13):
And and so I feel very strongly that yes, they
should be fronting up to a public inquiry.

Speaker 3 (01:07:19):
Absolutely.

Speaker 2 (01:07:19):
Problem, Jinny, is that the poll came out posts the
decision by those four in the party that most New
Zealanders don't see it as a right decision. Would you?
I mean, you know, I don't I don't know what
thought process went into this because it looks bad. It's
it's irrefutably looks bad.

Speaker 27 (01:07:36):
So all other Royal Commissions of inquiry.

Speaker 2 (01:07:38):
I've heard that line get evident, but this is different.
It was different. COVID was a life changing, country changing,
his changing.

Speaker 3 (01:07:47):
All the prime ministers in the UK front.

Speaker 2 (01:07:51):
You're just running the same old line. I've heard the line.

Speaker 27 (01:07:54):
Truth, that's what happened. There's been no other inquiry so people,
and each of those people did give, you know, three
to four hours of evidence which is then put into
the into the report. So they have given.

Speaker 3 (01:08:08):
But you don't get it. You don't get it. That's
not public We have front.

Speaker 27 (01:08:14):
Remember is you know, I do hear the concern. But
the most important thing to remember is all those in
National voted for the COVID payment, all National voter and
ask for more moning.

Speaker 3 (01:08:25):
What relevance is that.

Speaker 27 (01:08:27):
Because we're here at the moment, this revisionist history about
what happened.

Speaker 2 (01:08:32):
Public inquiries for Jenny, Yeah, I mean, it's just I
find it hard to believe. Does it sit comfortably with
you personally?

Speaker 27 (01:08:42):
I think that that what I've seen is the first
trial was great. The first run throw in terms of
the review, and the second one seems to be overly
loaded and it seems to be you know, why was
Winston Peters in New Zealand first excluded from the round
two of them?

Speaker 2 (01:08:56):
That's actually not a bad point. I'll come back to
that in the moment. Mark if youve got an answer,
but come back to that. I mean, in all honesty,
if you believe, if you believe what you believe, and
you believe you did the right thing, to be seen
to be doing the right thing is the least you
can expect of a publicly elected official, wasn't it.

Speaker 27 (01:09:13):
I think what they did is they fronted and gave
hours of evidence that gave them.

Speaker 2 (01:09:17):
They gave evidence, but they didn't from behind closed doors.

Speaker 27 (01:09:21):
You want to.

Speaker 3 (01:09:23):
Why you're going to go out.

Speaker 22 (01:09:25):
Next year and you're going to ask the public our
communities to vote and support you. Their expectation is that
you advance your interests and that you front up, and
that you front up publicly. It's the worst to me,
it's the worst betrayal because you know, the whole country
went through a lot of suffering through COVID, whether that
was good, bad, and different decisions that were made front
up and fight your corner and explain to the country why.

Speaker 3 (01:09:48):
You did what you did.

Speaker 22 (01:09:49):
Can I'm not doing that. It looks it looks like
you're hiding.

Speaker 27 (01:09:52):
It's a bit rich for National to attack the COVID
response when they backed it at the time.

Speaker 2 (01:09:57):
Well, I'm attacking it. I'm attacking it as a New
Zealand who wants to see somebody publicly held to account.
And that's Hipkins, and it's Robinson and it's most certainly
a Doern.

Speaker 3 (01:10:09):
Well, let me give you an example, Jinny, of what
happened during.

Speaker 27 (01:10:12):
The Give me an example.

Speaker 22 (01:10:13):
As an Auckland MP, I had Chris Hipkins contact me
directly and say will you support me on a matter
because it's important.

Speaker 3 (01:10:20):
This was during the lockdowns. And I said, yes, I.

Speaker 22 (01:10:22):
Will support you as on that because it's important at
the moment that we do try and be bipartisan and
try and work together on this. We're facing a fairly
serious situation. Three weeks later, when I had a mother,
when I had a daughter trapped in MiQ, that we
could have got out that the hospital said they'd support
her visit to see her dying mother ghosted nothing, no response.

(01:10:43):
That is completely totally unacceptable, and that is the sort
of stuff that you should be fronting up and explaining
to kiwis I hear that.

Speaker 27 (01:10:50):
Concern, mar I get it. And the important thing to
remember is that we need to learn how to do
things better in the future. And I don't think that
that's that what the inquiry was was trying to do
things better in the future. It was about a political
point scoring effort. And that's why round two and excluded
New Zealand first.

Speaker 22 (01:11:09):
And that don't you guys, don't you guys forget for
one second that the human costs and the harm that
was that was caused when a daughter absolutely to her
dying mothers.

Speaker 27 (01:11:19):
At the same time, I'm grateful that I have my
parents and we have grandparents here and that we work
to save lives and save jobs. That's the case of
what we did, and that's why your party going for
That's why your.

Speaker 3 (01:11:31):
Party that's the case step up publicly in a.

Speaker 2 (01:11:33):
Quick question mark the exclusion of Winston Peter is not
a bad point. How come he's excluded excluded from from
the from this particular round of the commission. He's not
been called I don't know, good question.

Speaker 3 (01:11:46):
That's that's Christian for the commission.

Speaker 2 (01:11:48):
We need we need to get an answer on that down' we.

Speaker 13 (01:11:52):
Yeah.

Speaker 3 (01:11:52):
I mean the best one to answer that is Winston.

Speaker 22 (01:11:55):
I'm not sure the government I've got they've got the
terms of reference.

Speaker 3 (01:11:58):
I don't know. I don't speak for Winston.

Speaker 2 (01:12:01):
Winston's very well, we'll get an answer from Winston. Quick question,
Jinny on Denton's who you guys are employing to help
Hepkins and co?

Speaker 16 (01:12:08):
Do this?

Speaker 2 (01:12:08):
Do they write the answers?

Speaker 27 (01:12:11):
I don't have an answer that I do not know.

Speaker 2 (01:12:13):
Could you find out? Because would to worry if lawyers
wrote the answers? And would that.

Speaker 27 (01:12:16):
Seriously, I seriously doubt that lawyers would be writing the answers.
They might provide advice, but I don't think they would
be providing the answers on behalf of people who were
giving that evidence.

Speaker 2 (01:12:26):
And then you can ask the question, why do you
need lawyers?

Speaker 27 (01:12:31):
That's a good question. I think it's because you've got
a real Christian inquiry, and that's the.

Speaker 3 (01:12:34):
Usual there's a big question and.

Speaker 27 (01:12:36):
A Royal Commission of Inquiry. I think that's the usual
case of what occurves that each group representing his legal representing.

Speaker 2 (01:12:41):
We've got a motivate.

Speaker 3 (01:12:43):
Like I just say on the Winston thing is that
he wasn't in government at the time.

Speaker 2 (01:12:47):
It's a pretty sort of will he saw was because
he was distinctly remember, I distinctly remember in the coalition
of seventeen through twenty he was the one who said,
if your overseas, get home now. So he was. He
was part of the early days of COVID. But it's
well worth looking into. Mark appreciate it. Ginny appreciated as well.
And if you're at that meeting, Ginny, have the best time.
And if it gets really boring, head straight to jump

(01:13:08):
a ramor and just relieve the stress. It's eight twenty two.

Speaker 1 (01:13:12):
Film the Mike Hosking Breakfast with Bailey's Real Estate news
tog ZB.

Speaker 2 (01:13:17):
Here's an advance for you if you're planning a trip
or business or leisure whatever. Avers as in the cars,
they've just made that rental experience a whole lot easier.
So what they've launched is straight two car pickups. This
is a first for New Zealand's rental car industry. It's
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(01:13:37):
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(01:13:59):
dot co do in z slash preferred to get started
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faster rentals. Can't beat it. Posking a twenty six Mike
no mention of Sir Brian Roach's eight hundred thousand dollars
for eight months and he criticized teachers and the government
gets Look, Brian, I'm over this. You sound like that

(01:14:20):
Benedict Bloke on TV one News last night. It's a pathetic.
The simple truth of life is some jobs are worth
more than others. Right, we all know that. I thought
we accepted that that guy Brian Roche is leading a
major organization a teacher isn't leading anything. A teacher as
a teacher, a cleaner is a cleaner, a driver as
a driver, A lawyers a lawyer, everything's worth different value.

(01:14:43):
By saying look at that person over there, they earn
more than I do. It's not fair. And he's a
big mean I mean, I thought we were way more
sophisticated than that in twenty twenty five. But Benedict and
you would prove me wrong. News in a couple of moments,
and then we will go to the round Table in
Australia and talk with Stephen Price.

Speaker 1 (01:15:07):
The Breakfast Show, Kiwi's Trust to Stay in the Know,
the mic hosting Breakfast with Raindrover, Leading by Example, News
Togs dadb.

Speaker 2 (01:15:16):
Here's an interesting thing. You remember the Canadian election, Karne
wins it came from nowhere, replaced Trudeau and the guy
poll Appier Polliev. It was so embarrassing or humiliating for
the Conservatives even he lost his seat. While they've had
a by election. He's now back. So the by election
was in Alberta. Now does he come from Alberta, No,
he doesn't, so he went to he basically they parachuted

(01:15:37):
him into the seat into the by election it's a
heavily conservative area and they still haven't filled. It's called
Battle River Crowfoot. How Canadians that the riding? It's not
a seat, it's the riding of Battle River Crowfoot. Anyway,
he's got eighty point four percent of the boat, so
he's home free. He was in Ottawa and he had
held that for two decades, but such was the swing
towards Carney, he lost his seat. So he faced and

(01:16:00):
there was protest in this particular by election over the weekend.
He faced two hundred and fourteen candidates, two hundred and fourteen.
He was the two hundred and fifteenth and he won it.
So he will assume he will go back to the Parliament,
and he will assume at that particular point his old job.
He's back. He is the leader of the opposition. Some

(01:16:20):
of the locals went, look, you're just jumping in here
for nothing more than a means to an end, and
of course he was. But it worked. So it'd be
interesting to see what happens next.

Speaker 19 (01:16:29):
Twenty two to nine International correspondence with endsit Eye Insurance,
peace of mind for New Zealand business.

Speaker 2 (01:16:35):
And threatening cleven price. Greeting to you good at where's
this go Because Netnya, Who's gone right at Elbanzi this
morning in a fairly major way. It's not, I suppose unpredictable.
But what does Albanzi do with it?

Speaker 12 (01:16:49):
Well, he's saw on Nucleonna Who and the Prime Minister
is now facing claims from just about every Jewish organization
in the country and most media comentators that the relationship
between Australia and Israel, which historically has been very strong
all the way back to Senior Labor Prime Minister's love
Bob Hawk, it's at its lowest level since the establishment

(01:17:13):
of the Israeli state. I mean, it's horrendous. So there's
two parts to Netanya who's gone on Twitter and had
a crack over the recognition of Palestine. But my colleague
at Sky, Charie Markson's got hold of a letter that
Netnya who has sent the PM, and she revealed the
contents of that last night, where the Israeli leader labeled

(01:17:36):
anti Semitism in Australia are cancer. The letters dated August seventeen.
It spreads when leaders remain silent. Madas is a direct Quotetnatu.
I call upon you to replace weakness with action, appeasement
with resolve, and to do so by a clear date
the Jewish New Year September twenty three to twenty twenty five.

(01:17:56):
History will not forgive hesitation, it will honor action. He's
described Albanezi as a weak politician, accused him of abandoning
Australia's Jews, which is where Albertiz he has his biggest problem,
and signaling a serious relationship breakdown between the two leaders.
And that, of course comes on top of an Israeli
politician has been banned from coming here. Is visa was

(01:18:18):
canceled at the last minute, and we've got representatives for
some reason in Ramala who are representatives to the Palestinis
Palestinian authority. They've been told to get out of the country.
So it doesn't get any worse than that, No.

Speaker 2 (01:18:31):
It doesn't. And then there was a poll I think
in between the times that we've been talking, there's a
poll the other day that that most people see the
Palestinian recognition for what it is, which is it's just
it's ideological nonsense. It doesn't change or achieve anything.

Speaker 10 (01:18:45):
No, it doesn't.

Speaker 12 (01:18:46):
I mean you've got to remember that there is a
probably outside of maybe the United States. We've probably got
the largest number of Jewish residents anywhere. There's a lot
of people came here at the end of World War
II or just before and settled in Sydney and Melbourne.
Massive Jewish population, I mean in regard to actual numbers,

(01:19:06):
not huge, influence, very large, and they feel completely abandoned.
The Memori had synagogues burnt to the ground, fire bombed, graffiti,
all of the above. And so the Prime ministers can't
just ignore this. He's got to try and repair this relationship,
and his state premiers have got to help him. Otherwise

(01:19:27):
he's going to have this thing hanging over his head
right the way until he goes to the policy.

Speaker 2 (01:19:31):
I wonder has he must read the mood of the
room and the sense that we've talked about this before.
He and Wong and year old labour rights from the
old days. This is right up there, This is in
their wheelhouse. They love this stuff, and yet they're not,
you know, the wider Australia. I just don't think I
think the way they think.

Speaker 12 (01:19:47):
On this issue. They're both acting as if they're still
university radicals. I mean that much and odd for are
both in his sixties but that's what's happening. I mean,
this is very deep in the dna of the Prime minister.
He was from the is from the hard left. He
was head of the Socialist Alliance at the University in Sydney,
was a member of the Communist Party at one point,
and so it's just sprung out of him and I

(01:20:10):
don't think he realized what their reaction, what the feedback
was going to be, and he's really copped.

Speaker 17 (01:20:15):
It from that.

Speaker 2 (01:20:16):
This roundtable that started. I think yesterday I was reading.
I didn't realize how few people are there, so I
forty fifty. I thought it was like a room of
hundreds or something. Is it just a handful of people
and they've all sort of agreed before they enter the
room what's going to happen. And that's that pretty much.

Speaker 12 (01:20:28):
It's in the cabinet room, so you can only have
them and he would be at a normal cabinet meeting.
A lot of people are sent in submissions. One of
the things that my colleague Ross Green would told me yesterday,
which I was staggered by, is that the mining industry
is not physically represented in that room by anybody they've
sent in submissions, but they're not at the table. Now

(01:20:51):
mining and the royalties for mining are what pace for
schools and hospitals.

Speaker 2 (01:20:56):
Well, that's a sting industry.

Speaker 4 (01:20:58):
It is.

Speaker 12 (01:21:00):
And the ACTU true to color. They whacked on the table.
One of the first things they whacked on the table
yesterday was that they want a new training levee. Now
you imagine the reaction around the table when that came
up in the morning session. This is money that would
be used by the unions themselves to in quotation marks

(01:21:22):
train people. But we've seen in the past what happens
to that though it never ends up in actual training.
So they want a one point five percent levee toward
worker training for every company in Australia with turnover no
profit turnover of five hundred thousand dollars. I mean that's
just about every big, small and medium business in the country.

Speaker 2 (01:21:42):
See, this is what fascinates me A big picture is
does he have the political license Albanes? Does he have
the political license to just go mental because he's won
so spectacularly why not? Or is he one of those
guys who goes I want to leave a legacy and
I'll read the room a little bit better than this
and some of this extreme madness gets curtailed.

Speaker 12 (01:22:02):
Probably the latter, because he could determined out of three terms.
He believes with that majority, and quite rightly he believes
is that with a ninety four seat house at Lower House,
he could go around next time and win and probably
even win a term after that. So he believes he
can leave a footprint on the country. The problem for

(01:22:23):
all of us is it's the wrong footprint.

Speaker 2 (01:22:26):
Just quickly. I'm reading this morning in the Sydney Morning
Herald this and I don't think most people listening to
us understand what you do here. National Disability Insurance Scheme
the NDI is so on the past seven and ten
people in the last year they've joined of god autism apparently.
So this is a forty six billion dollar scheme. Is
this thing hopelessly out of control?

Speaker 12 (01:22:45):
Yeah, it needs to be shut down and we need
to go back to basics. We all agree that there's
a place for scheme like this, but it's completely out
of control. I think the figure you're talking about mainly
relates to teenage yes, and they've all ended up being
diagnosed with autism, and they've all ended up on the NDIES.

(01:23:05):
I mean This thing is like a snowball rolling down
a mountain. It's completely out of control. It's threatening to
absolutely blow up the budget, blow up the economy, and
someone's got to do something about it.

Speaker 2 (01:23:16):
So, as a teenager, if I get diagnosed with autism,
I get money, and I get money as long as
I have autism. Is that how it works?

Speaker 17 (01:23:23):
Correct?

Speaker 12 (01:23:24):
Your family? Does they put you on a plan and
that plan would help with your treatment of autism? Now
does anyone in the country believe those numbers are real?

Speaker 13 (01:23:34):
Not?

Speaker 3 (01:23:34):
Really?

Speaker 2 (01:23:35):
No?

Speaker 12 (01:23:36):
Is it the family's fault? Are they actively seeking out
an autism diagnosis? Probably not. The medical fraternity somehow involved
here in giving these as plans out like confetti.

Speaker 10 (01:23:49):
Yes, they are unreal, all.

Speaker 2 (01:23:51):
Right, might see you next week. Appreciate it. Steep price
out of Australia seven and ten and the National Disability
Scheme in the past, you have autism. It's forty six billion,
six thousand of the seventy eight thousand who joined, fifty
six of the seventy eight who joined in the last
year magically had autism eight forty five.

Speaker 1 (01:24:12):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, Howard
By News talks at b.

Speaker 2 (01:24:18):
Twelve away from nine. We mentioned the other day on
the program an upcoming documentary on John Clark. It's called
not just Fred Dagg but also John Clark, and it's
out sometime soon. I can't remember anyway, as it popped
up on my YouTube fig yesterday what I thought was it,
but it wasn't. It was another docker that had post
his death. It was about seven or eight years old now,
but it's very good. Thanks for your time. So if
you've got time and you're like John Clark and who doesn't.

(01:24:40):
It's a half hour documentary. It's made by the ABC.
It's got Brian Door and it's got Paul keating on
for you go why. There's a good story involved in that.
It's got Sam Neil in there as well. It's a
very nice half hour of whats got his daughters? Of
what John Clark was, what he did, how he did it,
why he did it, and how he's basically driven out
of New Zealand the fame got to him. He was

(01:25:02):
so famous, so successfully had to get the hell out
and he went to Australia. Very clever guy and a
very nice documentary. If he can be bothered. Mahi Drysdale
that welcome in mahe as mayor of twoing Or. I
know they backflipped yesterday. He was the casting vote. This
goes back to my ongoing interest in this local water
dounewell thing and whether you go it alone or whether
you join a local council. They were going it alone,

(01:25:24):
and so they had another chat about that and they
tied on the vote. He flipped. He flipped it. So
they're going to join. They were going it alone. They're
now joining the Western Bay a Plenty district, possibly the
Thames Corrimandel District. I think that's the i'mknow expert in
water and towering and the plenty, but I think I
think a grouping. It just seems to me that infrastructurally speaking,

(01:25:48):
were the exception of the major centers, small regional provincial
New Zealand. You were too small to provide your infrastructure
by yourself to your people. As I can work out,
you're asking for trouble you can't afford. And so you've
got till September three to put the plan forward. Already,
as I've told you, six councils have been written to going.

(01:26:09):
We don't think this looks good enough and you might
not be able to go at alone. So it's an
interesting interface between your own bullishness in your region versus
the cold hard fiscal reality of maybe needing some mates
along the way. So Marhey flipped it to join the group.
So he might turn out to be the hero in
all of this, And the only time will tell nine

(01:26:30):
Away from nine The.

Speaker 1 (01:26:31):
Mike Hosking Breakfast with Alvita Retirement Communities News Togsdad bes.

Speaker 2 (01:26:36):
Mike, I don't know if you've seen the movie Death
in Brunswick, but it's brilliant Australian black comedy, as fine
as yes to have Paul and funnily enough. In the
little documentary or Yesterday, it's featured with Sam Neil quite emotional. Actually,
he had watched a clip the night before before he
did the docer and he looked back at Death and Brunswick.
He was thrilled to be stirring alongside John Clark and
he said, we did something really good in that movie.

(01:26:57):
He was quite emotional about it. Spark reporting season for
the b companies on the market at the moment. So
Spark revenue of three point seven to five million is
that bad? It's not great decline two point five percent,
Ebit Dara bit over a million declined seven point seven
final dividend twelve point five cents. They've been in the
news most recently, of course, they sold that seventy five
percent stake in their data center business. The chair is

(01:27:19):
quoted as saying one of the most challenging periods in
Spark's history. So that gives you a flavor that life
at the old Spark seems a while ago. They were
into streaming sport, doesn't it. Eh, those were the days
five minutes away from nine.

Speaker 1 (01:27:34):
Trending now with chemist warehouse great savings every day.

Speaker 2 (01:27:39):
Rhode Island Assistant Attorney General, May I introduce to you
Devon Hogan Flanagan. Devon's gone off this morning at a
restaurant with some friends. Something happened. We don't know what happened,
but anyway, cops turn up and they try and trespass
Devon in a friend and when the handcuffs came out,
Devon made the fatal mistake of the old I wanted

(01:28:01):
to play the game of do you know who I am?

Speaker 21 (01:28:03):
The protocol and I ask you to turn off the bodygain.

Speaker 13 (01:28:07):
You have to turn it off, and that's your protocol.

Speaker 27 (01:28:09):
She's a snawyer, so she knows, well, that's.

Speaker 10 (01:28:12):
Blow your stuff. So that's not true, so.

Speaker 13 (01:28:14):
We gotta go.

Speaker 16 (01:28:15):
No it is, that's that's all.

Speaker 6 (01:28:17):
I'm an AG.

Speaker 1 (01:28:18):
I'm an AG.

Speaker 16 (01:28:19):
Good for you. I don't give a Let's go, You're
not let's go.

Speaker 18 (01:28:28):
I'm not here arrested.

Speaker 13 (01:28:29):
You're putting me in cost I'm not here.

Speaker 8 (01:28:32):
No, you're gonna regret this.

Speaker 2 (01:28:41):
Now, a couple of really obvious questions. First of all,
does her voice annoy you? And did that probably not
help in the overall situation if you were the cop,
would you not, as a cop just simply go Your
voice belongs in jail. Second, when she says she's an
a G, she's not. She's an assistant AG. So she's automatically,

(01:29:05):
in her chipmunk like voice, promoted herself and she's actually
an AAG, which would be AG like that, and so
that deserves sing culps as well. So anyway, where was
she she in jail? I don't know what happened to
just for a fun It's not fun, it's it's weird.
I've got sucked in this morning. If you go to
the tabloid media. I can't remember where I was. There's

(01:29:26):
a shot of some influences at a restaurant table eating food,
videoing themselves for social media. When a car comes through
the window, it is, oh my god.

Speaker 18 (01:29:42):
So there is that something that you can make happen
now on the socials, like you can either like he
comes down or car through the window.

Speaker 2 (01:29:49):
Yeah exactly, I mean, cath That'll get boring after the
fourth or fifth one, but for now, whoo, anyway, we're
out of here, back tomorrow morning from six with our
old mate Nick Bryan by the way, after a look
forward to his company, look forward to yours as well.
Happy Duest Love every day.

Speaker 1 (01:30:07):
For more from the Mic Asking Breakfast, listen live to
news talks that'd be from six am weekdays, or follow
the podcast on iHeartRadio.

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