Full Show Podcast: 20 June 2024

Episode Transcript
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Speaker 1 (00:01):
Your trusted source for news and fuse the Mic Hosking
Breakfast with Jaguar, the Art of Performance News, togs DBHLLI
you and.

Speaker 2 (00:10):
Welcome today GDP day. Are we out of recessional? Deeper
in it? Do we see light? The carbon auction for
the government was yet another bust yesterday, as the climate
argument shifting and or being lost. Kane Williamson's given up
the captaincy. There's aanngst over the emission review for cars.
Joe Parker is in for a little bit of boxing
chat end of Brady's in Britain for us, and Joe
McKenna is in Rome. Hosking Blight, Oh seven past six.

(00:32):
Welcome to the day our GDP today, of course, will
reminder it is for Q one, January, February and March,
And once again we say, why is it we are
such a backward country. Many countries produce a monthly GDP
read to give us a clue as to where we're at,
and those who do it quarterly have already got their
number out. So we are slow, and in that small
detail might well be the seed of our overall problem.
We just don't appear to be that slick to a degree,

(00:55):
not a very big one, but at least a fraction
this number falls on the new government. There is not
a lot they could have done about it, but they
were technically in chargeable of this upshot is we look sick.
I think we'll go backwards. Personally, in other words, we
were and are still in recession. The bank's the split
three of them Westpac, by and Zen and kiwibanks say
we went backwards, A Z and AASB say it was up,

(01:16):
but barely. There's universal agreement that no matter what it is,
it's bad news overall. I think we went backwards because
ask yourself this question. If we went backwards at the
end of last year, which we did, what was it
in January and February and March that changed so dramatically.
I mean, maybe tourism, maybe some holiday New Year spending,
but this year was the time I think anyway, the
crunch really hit that our clouds of doom arrived, and

(01:38):
here we are in June and they've not let up.
So fore warning here if Q one today is down,
Q two, which we're about to end, won't be up either.
And never forget, this is already a double dip. All
we're doing is extending the double dip recession. The world
is growing. Never forget that the world is growing. There
are very few places in recession and no one, no

(02:00):
one is in a double procession. Our trading partners aren't.
Australia as in America isn't. China isn't. This region isn't.
Many areas of the world of being upgraded by the
likes of the IMF in terms of growth, not us.
We're in a debt ladened incompetence induced mess. The really
dark bit is of Q one is backwards and Q
two is backwards. Where's the light? How long is the tunnel?

Speaker 3 (02:23):
News of the world in ninety seconds.

Speaker 2 (02:25):
Beyond couple in North Korea of Katadal the.

Speaker 4 (02:27):
Two leaders are pledging to strengthen their ties. Can also
express the unconditional support for all Russian policies, so this
includes Putin's warn Ukraine. Vladimir Putin says their agreement includes
a promise to aid each other either country is attacked.

Speaker 2 (02:41):
Old Cyril has been sworn in to continue the mess
that is South Africa.

Speaker 5 (02:45):
I Madamia Cyril Ramaposa swear that I will be faithful
to the Republic of South Africa.

Speaker 6 (02:57):
So help me.

Speaker 2 (02:58):
God Wil's run by him. Geniuses, aren't. It's some good
news at last for Rishi, who's lipped all over. The
inflation number which is two percent, which is back in
the Bank of England's happy place.

Speaker 7 (03:06):
Back to target. It was eleven percent when I became
Prime Minister. I said it was a party to bring
it down. Want to build on this economic foundation that
we now have, and I want to keep cutting people's
taxes at every stage in their life. And in contrast,
labor would reverse the progress that we've made and just
whack taxes up for everyone, and I don't want to
see that happen.

Speaker 2 (03:23):
Dinton state side, Biden's rolling out a sense of humor.

Speaker 8 (03:26):
My name is Joe Biden and Joe Biden's husband. Thanks
to all the members of Congress and Homewood Security Secretary.
I'm not sure going to do way on our kidner side,
Secretary Marcus, as well as Secretary Massarah.

Speaker 6 (03:44):
Everybody's is here.

Speaker 2 (03:47):
Reassured. Trump's proving he's no economist.

Speaker 9 (03:50):
We take a look at our inflation, our real inflation.
They said it was ten for the last couple of years. Cumulatively.
You take a look at inflation and if you add
different cat which said I think our inflation is between
forty and fifty percent. They say it's a twenty two percent,
but I think you could double it.

Speaker 2 (04:08):
Why not? And as the debate gets close to the
question of whether, if you are Biden, you raise the
business of the courts and the convictions, that's front and center.

Speaker 10 (04:14):
I think it would be folly for President Biden himself
to lean into the convicted fellow language on the debate stage.
President Trump will weaponize that immediately. He will come in
and say, see, I told you these were the Biden trials.
It would be a huge mistake.

Speaker 2 (04:29):
Finally, the mysterious monoliths are black back back in black
twelve foot mirrored objects. These are found in the Desert
National Wildlife Refuge in Nevada. They've been popping up since
twenty twenty, when officials found one deep in the desert
in Utah, and since then there are monolists now in Romania,
Central California, Fremont Street in Vegas, and Hillside in Southeast Wales.

(04:51):
I'm also told there could be one in Birkenhead, but
that's just a rumor. Still, no one has any The
wiser ast Wyan how they are there. That is news
of the world in ninety seconds, just quickly on that
North Korea Russian deal. I mean all the usual white
white about you know, we love each other and all
that sort of stuff. And more importantly putin gave Kim
a new worris and Orus is a Russian built limousine.

(05:12):
You wouldn't want one, but they're big and they're shiny
when they're new. So he took that. He also got
an admiral's dagger unusual gift and a tea set just
to round out the gift basket. Twelve past six.

Speaker 3 (05:26):
The myke costing breakfast.

Speaker 2 (05:28):
Yeah, the reason Rischie was so excited. Inflation came in
for May from two point three down to two to two,
bang right in the middle for the Bank of England.
Bank of England go tomorrow, but they don't go anywhere.
The word is they're not still going to move. Fifteen
past six. Squeeze and my wife Andrew Kella har good morning,
very good morning. By current account, where are we at
with this? And is the recession playing its part? In

(05:48):
other words, if we don't do any business, it's not
surprising the gap closes.

Speaker 11 (05:52):
Well, yes, although it's not closing very quickly. So you've
got an important number of GDP today. But we had
another important number, yes, which is the current account.

Speaker 12 (06:01):
Now the current can, of course be a surplus.

Speaker 11 (06:03):
I don't think anybody in the zill where have we
ever said current accounts to It's just so the current
account deficit. The update on the current account deficit.

Speaker 6 (06:12):
So this is for the year to the.

Speaker 11 (06:14):
End of the March quarter, the current account deficit was
twenty seven point six billion dollars, that is six point
eight percent of GDP.

Speaker 12 (06:22):
It has improved from a year ago.

Speaker 11 (06:24):
It's improved by five point billion dollar five point four
billion dollars.

Speaker 12 (06:28):
But the thing is, my the progress is slowing.

Speaker 11 (06:30):
So the March quarter alone, the deficit seven point three billion.
It's actually actually looking it's actually a touch higher than
it was at the end of the December quarter in
terms of in terms of its day to day significance.
It's not a market move, but it's important, Mike. As
a percentage of GDP, it did improve slightly, so the
external position is improving. The question is whether it's sustainable,

(06:54):
and I don't think that is because while it's high,
we're sort of vulnerable if we have another shop at
the external internal And on top of this you growth
that loook is weak and we continue to run fiscal deficits.
So if you consider our sovereign credit risk rating, the
risks aren't going away. In fact, you could argue with
the moment that they're going back up again.

Speaker 12 (07:14):
And Fits recently commented on this.

Speaker 11 (07:16):
So Budget twenty twenty four might record that revealed material
deterioration operating balances over the next few years. The services deficit,
that's exports, les impulse, it widened. It's not good news
and we need to correct this. But you can't correct
it quickly. That's the problem.

Speaker 2 (07:32):
No, you can't, I warmed to Paul Conway yesterday, because he,
like me, has asked for better data, faster data. We
need to pull our finger out and get our act together.
But apart from that, no stagflation.

Speaker 12 (07:43):
Yeah, there is no stagflation in New Zealand.

Speaker 11 (07:45):
Yes a speech yesterday by Paul Conway. He's the chief
economist of the Reserve Bank. Look, he doesn't comment on
monetary policy. This was sort of more around that actually
did this because they released some research recently which pointed
to some things we're talking.

Speaker 12 (07:57):
A lot about that's non tradable inflation.

Speaker 11 (08:02):
We need to get to where we can sort of
reflect on the level of the oci with regards to
this inflation, I mean stagflation.

Speaker 12 (08:10):
It gets talked about a lot. My understanding is that.

Speaker 11 (08:12):
One of the criteria for stagflation is high in employment.
We don't meet that criteria. We have got stick inflation,
and growth right now is going nowhere. Look we're in,
according to Conway, a slow to know to negative growth
environment which covers most of the bases except for actually
some growth, doesn't it. But the growth is expected to improve,
Thank heavens for that.

Speaker 12 (08:31):
But at the moment we are going backwards on the
non tradable inflation.

Speaker 11 (08:36):
The purpose of the speech was to hide coincide with
someone's the research they've done so non tradable inflation. The
arbians that expects the spare capacity to start emerging in
the economy over twenty twenty four after several years of
the economy growing well beyond its sustainable rate, and that
spare capacity is going to feed through strongly into lower

(08:56):
domestically generated inflation, which we hope to see. Disinflation will
spread across a wider set of non tradables and look,
Mike spoke to some of the some of the different
what they call different sort of sectors of non trade
of inflation, and basically he said some of them are
improving quickly and some of them aren't, which is things
like insurance, which he says will start to wane once

(09:18):
some of the some of the other factors, things like
pandemic and weather disruptions have run their course. While the
pandemic course was four years ago.

Speaker 12 (09:26):
So look, all in all it was it was quite interesting.
Of course there was a carbon auction as well. Yes
they might that went well, didn't they go?

Speaker 13 (09:31):
Well?

Speaker 11 (09:31):
No one came, so the government could be looking at
another big.

Speaker 12 (09:35):
Hole in revenue.

Speaker 2 (09:36):
That's two billion dollars a year that they lose out
on that GDP what you call up or down.

Speaker 12 (09:41):
I think it's going to be small up because I'm
being hosted.

Speaker 2 (09:44):
Okay, good on you. I think you're wrong, but fair enough,
your your big eras to her, the kell eras to
her meeting. Just for July two, we're going to put
the world to rights. Ticket selling out. Have we sold
out already?

Speaker 12 (09:57):
We're getting close.

Speaker 11 (09:58):
So we're just encouraging people if you want to come
along listen to you and me who wouldn't want to
do that on a morning Mic want to just go
go to jaiwealth dot and register.

Speaker 12 (10:07):
Make sure you register. The worse you might give a seat,
you'll be standing at the back throwing your but armis
aut us.

Speaker 2 (10:11):
Exactly all right, mate, So register at jmiwealth dot co
dot t go. Well, we'll see you, Maria Andrew kelliher
jmiwealth dot co dot n Z Pasky tell you what
we did it last year. And they're still talking about it.
Some of them are still down there in the room,
still talking about They're just never left. By the way,
Japan given it's been a topic of conversation. Trade data
out for May exports up thirteen point five percent year
on year. See exports up thirteen point five percent year

(10:34):
on year. Imports grew nine point five percent for the
same period. That's called a surplus in their direction. Anyway,
we're interested in that because we love Japan. Now after
this week seven now it's not six twenty, you're on
the Mike Hosking.

Speaker 3 (10:44):
Breakfast, No, the Mic Hosking Breakfast.

Speaker 2 (10:51):
Mike, some good news film and diesel ute four months
ago cost one hundred and fifty bucks now it's one
hundred and ten, Thank you, Chris. Very important to recognize
those things because always complain that the prices go up
and they don't recognize when the prices go down. Mind you,
the've been bliping oil lately, but so it won't last,
but it's better than it was GDP. By the way,
who else agrees with Andrew callaher Well? A and Z
are saying zero point two to the good I think

(11:13):
they're dreaming, fell in their dreaming ASB say zero point one.
The other's Westpac bn Z and Kiwibank west Pacer negative.
There is zero point two zero point one for B
and Z and Kiwibank. But we'll we'll get the read
on that. One might give us your read on the
likelihood of a rate cut from the Reserve Bank this
year if we have four quarters of recession, good question.

(11:36):
Surely something will have to be done to release the
shackles and get us out of a death spiral before
twenty twenty four ends. David, it's a very very good
point you make. My read today is it will be negative.
The overarching commentary is fair. It doesn't really matter. It
could be plus zero point one minus zero point one?
Who cares? Where stuffed?

Speaker 5 (11:53):
So?

Speaker 2 (11:53):
If zero? So, if you're negative today, you're certainly negative
Q two. Then ask yourself the question if you're negative
in one and two, who what changes for three? What
magic happens in the middle of winter that suddenly we
all get up in the morning and go, my god,
this is good. Nothing is the answer, so Adrian says,
next year before he cuts. What you're arguing is the

(12:15):
oft argued question at the moment when you look at
the retail sector, they're bleeding, they're screaming, doors are closing,
people are losing their jobs. Does the Reserve Bank care?
Not really, because they engineered this whole thing. This is
supposed to be happening according to them, and according to
them every time we talk to Adrian, this is going
to plan. This is the misery they want. So what

(12:38):
you're saying to be David is this is bad and
we need to get out of it. I tend to agree.
They don't agree with us. I think they'll go earlier
than they think. I think they'll go by the end
of the year. But only just is my assummation. But
I think four quarters. I'd like to think you're wrong
but I struggle to mount an argument that says you

(12:58):
are sex twenty five.

Speaker 3 (13:00):
Trending now the home of big brands skincare and.

Speaker 2 (13:05):
Just remember Grant, just Cinda and Adrian A three people,
Paris Hilton remember her debut. She came on this program
that was quite fun, dibut her real voice, and social
media went a little bit nuts.

Speaker 3 (13:19):
I love it.

Speaker 12 (13:19):
It's like Malibu Queen Barbie. It is men Carter and
I there me here.

Speaker 14 (13:26):
This is actually my real voice. My other voice was
you know, that simple life kind of baby voice. Actually
I have a low voice in real life.

Speaker 2 (13:33):
Everyone she came on the show with a low voice,
did a low voice interview with me a couple of
years ago, says that your low voice, Paris, you said
it is Mike. Now the fascination with Ariana Grande, whose
fans are calling fake after this from a podcast, I mean.

Speaker 14 (13:49):
That's the only thing I thought.

Speaker 15 (13:52):
That's how I felt. I was like, what has happened? Yeah,
I don't know, but yeah, I've been writing a line me.
There's some more, but I would like to do a
deluxe at some.

Speaker 2 (14:03):
Point, I'd like to do a delaxet one more. Who
when the big things happen, you can see it and
you listen to it. I think initially a lot of
people won't watch television. They'll listen to it, they'll keep
their ear on it the same way they do with radio.
But the moment something big happens, they'll want to watch it.
And that's important. Who's that a little pip squeak? See
the interesting way is that for what year?

Speaker 3 (14:22):
Is that?

Speaker 2 (14:22):
From nineteen ninety seven? See that? I put that down
to when people go your voice has changed over the years.
I put that down to the technology of the time.
I think the tapes speed, the tape spinning. Either that
or I've got older, which is quite possible. We're going
to talk about the emissions business around cars, Simmy and Brown.

(14:44):
Bit of banks around that Simmy and Brown after seven setting.

Speaker 1 (14:48):
The news agenda and digging into the issues the Mic
Hosking Breakfast with Bailey's real estate altogether better across residential, commercial,
and rural on news talks.

Speaker 2 (14:59):
B put on a deeper voice now as you're an
international sex symbol, modesty prevents me from agreeing with you
on that. Farmers more confident about the performance of their
own businesses. This is the best I can find for
you in the Rabobank. This is the farmer confidence server
that they do, so as far as their own business
is concerned, confidence is up a little bit less positive
about the broader agri economy. Sheep and beef farmers most

(15:21):
significant upwards lift, which is good. They've gone from listen
to this minus thirty one to minus seventeen break out
the balloons. Sentiment among sheep and beef as been at
the dire levels, of course, attributable to the strong pricing
outlook for the beef over the months ahead. That's what's
led to the pick up. So I hope they're right
about that. Dairy got some good prices out of the

(15:42):
auctions of late in May and early June. We had
a little dip the other day, but it wasn't the
end of the world, I don't think, so that's okay.
One of the possible reasons Rabobank reckons is that the
farmer concerns about the prospects of the New Zealand's overall
economy feeding into the pessimism. And if you're looking out
from the farm, you personally might be doing okay, but
the rest of the world or the rest of the
country no, not really. Twenty two to seven very business

(16:06):
developments in Italy. A direct election of the Italian Prime
minister's been ticked off by the Senate, So change is coming.
Joe mckennaon on that shortly meantime back home, country's largest
business events trade show. It's underway. It's called Meetings. It
connects overseas investors with domestic industries, and by god, do
we need some of that going on at the moment.
The boss of Business Events Industry, Lisa Hopkins, is with
us on all of this. Lisa, Morning, Good morning night.

(16:29):
So it's been held in, wrote a Ruer, give me
your vibal sense of wrote to Rua's ability to host
and bounce back and provide a good vibe given all
that's gone on with emergency housing and stuff in the
last couple of years.

Speaker 16 (16:41):
Well, I guess what I can do is I can
tell you, I can give you some direct quotes from
some of our international visitors to say that they have
been blown away by the warmth and hospitality of everything
that they've seen down here. In is an understate or
an understatement of what's been going on there is absolutely

(17:08):
you know, this is a city that's really come to
get this is a city that really understands how to
take care of visitors. And they have done an exceptional job.
It's been it's been outstanding. It's just an exceptional.

Speaker 2 (17:23):
Event, fantastic. Who are these people? What sort of money
do they have and what are they looking for?

Speaker 16 (17:29):
So a lot of these people are either they're what
we call intermediaries. They are working on behalf of a
number of different customers from across a broad spectrum of
different organizations who are either looking to hold their association
conference here in New Zealand or bring their customers to

(17:50):
New Zealand to hold an incentive or another big conference.
And look, you know the value of this industry globally
goes into the trillions of dollars. It's a huge, huge industry.
And you know, New Zealand, with all of its assets,

(18:12):
including the new convention centers, we stand at a really
strong position to do very well.

Speaker 2 (18:19):
Good good good Luckson's been out there, you know, talking
about being open for business. These people understand we are
open for business here.

Speaker 16 (18:26):
One one hundred percent. And they aren't just coming into Rotola.
They're also while they're down here, they're also going into
different parts of the country, so you know, opened well
into christ Church, over into Queenstown as well, getting a
really really strong sense of what New Zealand has to offer.

Speaker 2 (18:47):
Fantastic Lisa good Insight. Thank you for that. Lisa Hopkins
Business Events Industry out here, I CEO with us this morning.
Isn't that good here eight nineteen minutes away from seven
Pasket we had a very good mayor in that particular
part of the world in New Zealand. And this dovetails
into what I was sort of telling you yesterday. Millionaires
who were fleeing Britain heading to places like Germany and
to America have actually got the list this morning of
where they're heading and where everyone's losing it. But be

(19:08):
that as it may, we didn't make the list. I
don't know that we ever will, but we should be
looking to get And this goes back to what I
was saying about the housing market earlier on. If you're
a millionaire and you can be anywhere in the world
and you look to New Zealand, thing interesting place might
look that, oh I can't buy a house, Well that's
off the list. Then I mean, these are the things
we got. Effects we have is part of this list,

(19:31):
the Henleyan Partners List being named one of the top
safe havens in the world. There's one hundred and twenty
eight thousand millionaires right, one hundred and twenty eight thousand
millionaires relocating in this year. That's a record number. That's
geopolitical tensions, it's economic uncertainty, it's social upheaval, it's all
that stuff. They've got the wherewithal the go wherever they
want to go. We're one of the safe havens, a

(19:52):
sovereign state with high levels of safety and security that
remains largely shielded from the world political and economic problems.
Interesting take outside looking in. We're part of what's called
the safe haven eight Australia, Switzerland, Singapore, the UAE, Malta
and Monica. So that's a good club to be in.
Glad we're in a good club. Eighteen to seven.

Speaker 3 (20:14):
The Mike Hosking Breakfast.

Speaker 2 (20:16):
Mike, We're in Rudderua. Two weeks ago. Street corner guitar
players said hello, asked where we're from. We told him.
He said, welcome to our beautiful town and joy yourself.
There you go, And that's what we want to hear
more of.

Speaker 3 (20:24):
Mike.

Speaker 2 (20:24):
The one thing that could change for the best is
confidence in the government, giving us much needed hope for
business in the economy. Matt, I think to be fair,
they're probably doing the best they can at the moment.
If you look at the fast track, the ets, the
public works out we talked about yesterday, the spending cuts
of the education reject the PPPs, all the stuff there.
They're pulling a lot of levers at the moment. And
if you don't feel at least the intent is there,

(20:45):
look a little harder. Six forty five International correspondence with
ends and Eye Insurance Peace of mind for New Zealand
business in Italy. Jomi keenned, good morning to you, good money, mate,
I got this bit right. So this direct election of
Italian and prime minister, so another words, Maloney would stand
as an entity for the job of Prime minister above
and beyond other elections.

Speaker 14 (21:06):
Yeah, that's correct.

Speaker 17 (21:07):
I mean most of the listeners will be aware that
Italy has had a lot of political instability, in fact,
seventy governments since World War Two, and it's usually we
see the parties elected and then they try to cobble
together some sort of majority and go to the president
and see if they can make a prime minister instead.

Speaker 14 (21:25):
This would mean a direct election. The prime minister.

Speaker 17 (21:29):
Would be elected for five years and the winning Coalition
candidate would be would have fifty five percent of the seats,
so would have a workable majority in both houses of Parliament.

Speaker 14 (21:40):
And Maloney of course.

Speaker 17 (21:41):
Says that this would help to create some stability in
the country. The opposition says that would create some sort
of dictatorship.

Speaker 2 (21:48):
So having said that is going to happen, and if
it is going to happen, when's it going to happen.

Speaker 17 (21:52):
Well, of course the right wing coalition has the numbers
in the Parliament, it's been approved by the Senate.

Speaker 14 (21:59):
It's going back to the lower house. But it is
likely to go to a.

Speaker 17 (22:02):
Referendum, and I've heard that that would probably happen in
twenty twenty five.

Speaker 2 (22:07):
What's your vibe if you held that vote today, what
would happen?

Speaker 3 (22:10):
Roughly?

Speaker 17 (22:11):
I think in any referendum it's quite difficult to get
it across the line, and I think most people here
would probably take a conservative view and think it wasn't
appropriate to have so much power concentrated in the prime minister.

Speaker 2 (22:25):
And the other interesting thing at the moment of the
CEO accusing various members of not balancing their books, and
obviously Italy is one of them. So what actually happens?
I mean, this fascinating line between you running your own
country and making your own decisions versus somebody in Brussels
going tut tut tut, you must do better.

Speaker 17 (22:42):
Yeah, I mean, Italy seems to have the worst budget
deficit around seven point four percent of the country's GDP,
just ahead of Hungary. What power does the EU really
have to make a difference? As you said that, there's
a rap over the knuckles. They've tried that with Romania
and now Romania faces a more serious charge. I'm not

(23:02):
sure what that means because they've failed to listen to
the EU warnings over their spending. I'm not sure that
Italy is terribly concerned, but it might affect the flow
of money that's coming out of Brussels.

Speaker 2 (23:14):
Now this mafia intimidation business with mayors and counselors and
stuff like that. Question number one, what sort of intimidation too?
Is it an election issue with it? Does anybody ever
stand up and go, you watch me, vote for me
and I'll sort the mafia out? Or is it just
part of Italian life.

Speaker 17 (23:30):
Look, I think it's fairly embedded, and it's a question
of how strong it is in various areas. And we
have seen a lot of cases of intimidation and also
political corruption where the local councilors and mayors are on
the take and they are doing deals and episodes of
collusion are playing out in all sorts of ways in

(23:52):
political administrations across Italy, and some councils have been dissolved
for mafia tration. So it is a huge issue for
Italy and around three hundred and eighty councils have been
dissolved since nineteen ninety one. Can they do much about it?
I think that's the big question exactly.

Speaker 2 (24:12):
We had Catherine Fukin on Last Hour out of America.
She's an Australian living in America. She's our correspondent there.
They've got the National Guard out in New York for
twenty nine degrees. I mean, give me a break. Give
us your forecast, Joe in the latter part of June.

Speaker 17 (24:26):
Well, we're expecting around thirty nine in Rome tomorrow and
it's going to get across forty in Sicily and Sardinia.

Speaker 14 (24:34):
I think in the next couple of days.

Speaker 17 (24:36):
Temperatures here are about twelve degrees above average because we're
getting this heat coming across from Africa. So I think
everyone's a bit nervous about what happened.

Speaker 2 (24:45):
Well, yeah, for see, thirty nine forty is not unheard of.
But late june's an issue, isn't it.

Speaker 14 (24:49):
Yeah, that's right. It's a little early for us.

Speaker 2 (24:51):
I think, good stuff. Go well, we'll catch up soon.
Joe appreciate it, bree much just before we leave itally,
by the way, Golden Goose, which I told you about
a couple of weeks ago. Golden Goose make a very
nice sneak, among other things. They're available in New Zealand,
very Italian looking. Anyway, they're going to IPO themselves, and
we said stand by, it's going to be the biggest
IPO in Europe this year potentially. They pulled the pin
over night. And the reason they pulled the pen is interesting.

(25:13):
The European Parliament minary elections mess. Everyone went right, No
one voted for the Greens. There's upheaval and the snap
election of France they didn't like either. The current market
backdrop is not the right environment to take the company public. Now,
whether or not you would have ever been involved in
an IPO of an Italian company is not the point.
The point is that the geopolitical instability in the world

(25:34):
at the moment is not good or conducive for doing business,
and that affects us all. Turn away from seven call
the My.

Speaker 3 (25:42):
Costing Breakfast with Jaguar News Tom.

Speaker 2 (25:45):
S b Right, So I gave you the safe Haven
News about New Zealand as far as millionaires and where
they're going. We touched on this very briefly yesterday, but
this morning they published the full list the top countries
in the world where they're all going. Where is utopia
if you're lucky enough to be able to park yourself
anywhere in the world. The will start with ten Japan,
they're going to gain about four hundred of them this year,
Portugal eight hundred, Grease twelve hundred. I suspect that small

(26:06):
lifestyle Greece is not really I mean you're not going
to Greece to do much apart from eat Hollives and
line in the sun aas Switzerland fifteen hundred. A couple
of thousand are going to go to Whitley. That's interesting.
Australia two and a half. See Australia's there. Why is
Australia on the list of attracting millionaires and we're not
why because they got their act together. Canada Singapore doesn't
surprise me us I gave you yesterday. But top of

(26:27):
the pile is the UAE, if you want to say,
I mean, I don't know about the UAE culturally, whether
you'd really enjoy its fifty degrees in summer. Booze is
a problem. I mean, if booze is a problem, it's
too hot, I don't know why you'd go there, But anyway,
lots of people do because it's fizzing. I mean they've
built a utopia basically. Now, the countries that are losing
the most millionaires, Vietnam's losing about three hundred, Nigeria three hundred,

(26:48):
Taiwand's losing a few. South Africa. I mean they're all
left anyway, so there's only six hundred to lose. Brazil's
losing them, Russia another thousand are wandering off. You wonder why,
probably running before they get shot at the border. South Korea. India.
I'm surprised about India. India's gangbusters at the moment, the
UK gave you the number yesterday, nine and a half
thousand in counting. China are going to lose the most millionaires.

(27:10):
If you're Chinese and wealthy, why would you hang out
in China? The way they're running the place at the moment,
five minutes away from seven.

Speaker 3 (27:16):
All the ins and the outs.

Speaker 1 (27:18):
It's the fizz on the Mike Husking breakfast on News
Talk sed B now from I.

Speaker 2 (27:22):
Did I Tell You? I Did I tell you? File?
We got another reb start up this morning that's filed
for bankruptcy protection, Fiski. You know the name, Fiska. Their
initial car was quite good looking goes back aways, but
you thought at the time O year Design's okay. They
filed for protection after admitting there was lackluster consumer demand
for their cars. No kidding, they're burning cashlight this no tomorrow.

(27:43):
They got operational and product issues, mostly within their batteries.
They went public four years ago, had evaluation of almost
three billion US eh I. They see the future absolutely,
Fisca gangbusters. They were fueled by seeing Tesla's success, as
well as low interest rates and walls great thinking that
evs were rather go to anyway. Tesla was an anomally

(28:04):
still are. Of course, how you explained Tesla, I got
no way of understanding. But nevertheless, they've got problems for months.
They've got what they had. They've recalled most of their
vehicles because the software issues. They also had what was
it called the s view is called like the ocean,
the Fiska Ocean, and I mean that alone. No one's
buying a car called the Ocean. So they're the latest collapse.
You've got the likes of praterr, Lordstown Motors, Electric Lass Mile,

(28:27):
they're all gone. Electric Last Mile Solutions wasn't a solution
all they're gone. Others like Nicola or Nicola, Faraday Future,
they're still surviving, but they've traded under a bucker share
at the moment. Guy at the Bank of America, who
does the motoring stuff for them, he said yesterday to
the GMS, the Chryslers, get out of China as fast

(28:49):
as you can, and if they can't. And this is
what I was trying to explain the other day. With
the sanctions and the EU and the US pinging China
for dumping these products on the market, a lot of
the companies, a lot of European companies, companies like BMW
are heavily immersed in China. But once the Chinese government
are behaving the way the Chinese government is, you got
your factory, you got your workers, You're stuck. And when

(29:09):
some guy at a bank goes, get the hell out
because you're never going to compete. You will never compete
with You're not just competing with BYD. You're competing with
BYD in the Chinese government and that is your problem.
Until they break that, no one's going anywhere fast. So
think about that next time you're dealing with the Chinese
in any way, shape or form. Michael Gordon at the
bank or at least one of the banks, are we
going up? Well, we're going down. It's GDP day today.

(29:32):
More after the News, which is next here at news
Talk said.

Speaker 1 (29:35):
Be you're trusted home for news for its entertainment's opinion
and fighting the my Hosking breakfast with a Vida live
the age you feel, news Talk said.

Speaker 2 (29:46):
B seven past seven. Who doesn't love GDP Day? Are
we still in recession or not? It's the print for
Q one, Jan, Feb and March. Banks are split Westpac,
Qui Bank B and z C of four A and
z ASBC growth. Westpac senior economist Michael Gordon will us
could good morning. As far as the banks are concerned,
you're at the negative end of the spectrum. Why you
there and others are up? How are you down and
there up?

Speaker 18 (30:08):
Well?

Speaker 19 (30:09):
I think firstly, everyone's in a pretty similar range. It's
either slightly above or slightly below zero growth. And bearing
in mindus is when we've also still had some pretty
strong population growth through that time. You'd think that would
provide a little bit of a baseline of growth and activity.
But I think everyone's saying we was sort of backwards
in per.

Speaker 3 (30:25):
Person terms exactly.

Speaker 2 (30:28):
So carry on.

Speaker 19 (30:29):
I think in terms of detailed I would just like
to highlight this where we see the weakness. It is
concentrated in a few areas, like building. It's not necessarily
a widespread thing. But that said, that's not really any
area that standing out is particularly strong at the moment.

Speaker 2 (30:42):
Okay, so's say you're right for Q one. Can we
write Q two off, which we're just about to wrap up?
In other words, Q two can't have been better than
Q one.

Speaker 19 (30:50):
No, it's not looking great, and we do have a
small minus penciled into that one as well as as
some of the indicators are coming in, it's you know,
it's certainly not looking flash at the moment, and I
think it really a story of it's probably going to
be something either side of zero growth or for much
of this year.

Speaker 2 (31:05):
Yeah, I was going to say, because I can't see
what it is that happens. We all seem to be
holding out for some miracle that the expert returns go
through the roof, or Adrian says my mistake and I'll
start cutting left, right and center.

Speaker 3 (31:16):
Now.

Speaker 2 (31:16):
I don't see either thing like that happening, do you.

Speaker 20 (31:19):
Yeah.

Speaker 19 (31:19):
I mean, I think the most likely catalyst will be
on their interest rate side. Once we get I guess
some convincing evidence that inflation pressures are coming down and
staying down where they should be, then there'll be room
for interest rate relief. And it's really just a question
of when that happens. I mean, we're kind of talking
early next year for the first cuts, reserve banks trying
to put out a signal of something even later into

(31:41):
next year. But I do think there's probably an issue
of there are a lot of people that thought we'd
be having them by now and they haven't happened, and
you know, they haven't really planned to that.

Speaker 2 (31:52):
What's the level of pain that you're really seeing that
the headlines will tell us people are screaming, doors are closing,
wallets are shut. Adrian goes on, this is all going
to plan. What's the real story?

Speaker 19 (32:04):
Yeah, I mean, I think this is the reality of
what it's like to live through a recession from day
to day. I think it's we easily forget that and
we see it as a few points on a chart
in history, but actually living through it, you do get
these kind of stories. I mean, I think the best
gauge of where we are, where the economy is right
now I always synthesize, is it's really down employment rates.

(32:25):
So whereas it now four point three percent, that's not
terribly high. In fact, there's probably one of the lower
rates we've had in history. But it is rising and
you know, no one thinks it's going to stop here.
We're expecting that to peak at about five and a
half percent.

Speaker 2 (32:38):
Miche I appreciate it very much, and good luck with
your forecast. Westpac. Seen your economist Michael Gordon with us
ten minutes past seven pass How would you tall for
further morning on News talks there. But now, as we
suggested this time yesterday, the cowvi An auction was going
to be another bust. No bids were made yesterday. It's
the second action of the year, so the government misses
out on hundreds of millions of dollars. The Minister of
Climate Change, Simon Watts, is with us on this. Simon,
very good morning.

Speaker 18 (32:58):
To you, Very good morning, Michael.

Speaker 2 (33:00):
Thanks for having me. Not at all. No one's more
interested in the carbon market than I am. So the
last government completely and utterly cocked the thing up. You
ironically have done the same thing by doing good stuff
ets on farmers, ets on forest. But what that means
is if you put uncertainty into the market. When you
put uncertainty in the market, no one turns up. Is
that fair?

Speaker 18 (33:20):
I don't think it is fair. The reality is the
effectiveness of the ets isn't determined by an individual market outcome,
and what we saw yesterday was the reality that demand
wasn't meeting the supply at the price which was in
play on the government market, and there was no participation.
Those units move forward to the next auction. But you

(33:42):
know these players, if they want units, there is a
secondary market and that's operating, you know, pretty reasonably at
the moment.

Speaker 2 (33:51):
The price you're setting your main market at, and if
you just transfer a whole lot of unsold stuff to
the next auction, the same thing's going to happen like
it did last year.

Speaker 18 (33:59):
Yeah, well, there's a lot of actors a play in
terms of driving the overarching price. I don't comment as
minister around that, but what I am focused on is
making sure we've got a credible market. Hence why we
stopped the review that the current the last government had
in play, why we've been putting through what we think
is from pretty sensible changes. But the big key aspect
is the release of our emissions reduction plan. What are

(34:20):
we going to do in the next five years in
addition to the ets to get the emissions down And
that'll be coming out in early July exactly.

Speaker 2 (34:27):
But that's my entire point. No one knows what that
is and because no one knows what it is now
it is turning up to an.

Speaker 18 (34:31):
Option well fair enough, but not long to wait. And
regards the release of that, you know, we're just over
two fifty days in to this government. There's a lot
on We've had to stabilize a lot of aspects. But
we've been working damn hard in the background to get
a plan in place to send a clear signal to
the market around what our intent is. Because words are good,
but we need to follow that through with that more.

Speaker 2 (34:53):
How far short of Dutton are you and pulling out
of the Paris deal because it's unrealistic.

Speaker 18 (34:59):
Yeah, we're nowhere near where they are at. And I
don't comment on other other countries governments and all of that,
but we've been very clear we're committed to our targets.
We've got prime ministerial targets around our domestic emissions. Early
indications are that we're looking good in regards to the
domestic missions budget. We'll have more information in our plan

(35:20):
around that. But you know, look, it is challenging but
finding the balance between you know, not killing industry and
not doing stuff that isn't practical, letting the market do
what it can, but actually supporting the market to do
what it does. Know the corporates like from Terror and
that are already doing a whole lot of the stuff.
Why because the customers and the consumers overseas are demanding it,

(35:42):
not because the government's telling them to do.

Speaker 2 (35:43):
It all right, Well, we'll look for auction three or
four and see if it works. Simon, appreciate it. Minister
of Climate Change, Simon, what's the team? Minutes past seven past.
My fear is that if the RB doesn't cut to
the first quarter of twenty five, the pain using them
we'll go through before that and at least a year
after a national won't have enough time to turn it
around till twenty six in the election and will vote
for anyone that promises to take away the pain. So

(36:03):
Labour and the Greens and the Marray Party get back
and then we're really stuffed. Well couple of things out
of that. It's not a bad point. A lot can
happen in a year, and there's a desperation i think
in this economy and in this country to see the
good news, and when the good news comes, we want
to leap on it with alacrity. So that should be
late twenty four to twenty five. So two full years
is a long time in politics and the economy. And
also the question around Adrian. Maybe they'll live to regret

(36:25):
that they should have rolled Adrian. They don't like Adrian,
we know they don't like Adrian. We know they blame
Adrian for the mess we're in, yet they didn't do
anything about it when they had the opportunity. Mike, interesting
listening to texts complaining about what the government aren't doing.
They're trying to create an environment so people can once
again pursue a future they might aspire to. Good line.
When you're dealing with a populace and doctrinator with a

(36:46):
nanny state. Dare I say at semi socialist mindset, it's
a tough road to hope for them, but there's no
handout anymore that will afford you the right to complain
a little less than yesterday, but fuel tomorrow's grizzle and
the hope their ten of borrowed money might still hold
one more penny for you. Text of the Morning fourteen.

Speaker 3 (37:02):
Past the hosting races.

Speaker 2 (37:06):
A bit of upsetting the car industry, your parts in
the car industry, Simming Brown, Transport minister looking at reviewing
the emission standards. I'll explain the detail that's about important
cars and how you got to balance it out and
what labour did and how they cocked it all up
and how it needs to be rectified. But anyway, more
on that coming shortly seventeen past seven, Caine Williamson as
I'm sure you're well where by now stepping down as captain,
turned down a heavyweight contract for a casual one, is

(37:26):
going to look for some income in those overseas T
twenty leagues next year. Now the Players Association boss Heath
Mills is with us on this morning, mate, Good morning, Mike.
Is this bolt but better handled?

Speaker 6 (37:36):
Sort of?

Speaker 21 (37:37):
Possibly? Yes, I think that's fair to say. I think
we're first he accepted the contract a couple of years
ago and then h had the opportunity to go and
play in the Ilt League of the UAE, and that
was pretty new. It probably not handled that well by
all of us, but we're now going to have a
good system in place. I think we have a casual
international playing agreement and you know, caters for the situation

(38:00):
where some of our players are very compelling, you know,
players for overseas leagues and T twenty leagues, and we've
got the opportunity now for them to go and play
in these leagues. But we'll still play for New Zealand.

Speaker 2 (38:13):
If you're a king Williams, and why wouldn't you need
to set your family up and if there's money in
India or the Caribbean whatever, then go.

Speaker 21 (38:19):
For them, absolutely right. I mean, as we were all
over the world where you know, we all need to
pay the bills and in our players that have huge
opportunities now. And I think part of this issue that
we have as stems from the fact that there's there's
not a coherent global schedule. We have international cricket colliding
with franchise T twenty cricket all around the world now
because the national boards haven't come together in the Greed

(38:41):
program that made sense where you had windows for T
twenty leagues or windows for international cricket. So this is
just a symptom of that bigger problem. And we saw
it last year when the South African side since their
best players stayed at home to prioritize playing in the
T twenty comp rather than come here and play a
T series in New Zealand. So it's a bigger problem
at play.

Speaker 2 (39:00):
I've got tremendo sympathy for your argument. It's sort of
like North South rugby as well. But when you're dealing
with millionaires who own stuff, they will do it the
way they couldn't give the monkeys about you, Heath or
anything else apart from their own competition.

Speaker 21 (39:12):
I do feel that at times might don't worry. But
what I would say though, was that national Boards though
if you own and run a lot of these T
twenty competitions like the South African one other big BESH League,
so these are actually run by the national boards, so
they're actually competing with themselves, which is the person thing
about us where you have they're trying to run a
teen eleven months of the year international program whilst the

(39:34):
same time playing tea twenty franchise competitions, trying to get
the best players in the will to play them. So
until the issue, until they come together in a greer
program that makes sense his context and meaning his room
for both, then we're going to have players making these
sorts of decisions. And indeed, as we saw last year,
national Boards sending effective for your CE teams to play

(39:54):
in the National Cricket No one wins out of that.

Speaker 2 (39:56):
No, that is true. Keith Heath, go well, appreciate it.
Good catch up, Heath Mills, New Zealand Cricketplaers Association. More
sport for you after eight. By the way, Joseph Parker
is in the studio looking forward to the catch up there, Mike,
I think the unemployment rates are a bit understated, as
many people losing their jobs, especially trades, are heading overseas
to Australia rather than going on the doll rick. Think
about what you're saying here. If the trade has lost
his job or the trade doesn't have any work anymore,

(40:17):
and they go to Australia, you can't understate the unemployment
rate here because there is nobody unemployed, because the unemployed
person who just cited is not in the country. Therefore
nothing changes. So I think the unemployment rates fairly accurate.
C Listers, let's talk about them shortly seven twenty.

Speaker 3 (40:32):
On my Costil breakfast Keewe dream.

Speaker 2 (40:35):
Many would agree owning a home is a big part
of that. So for the first time buyers in our lives,
whether it's the kids of the grandkids, the most, more
people who believe in making that dream a reality, the better,
of course. So like the bank with hart SBS Bank,
they believe in conserving the key we dream so much
that they've coined first home buyers and endangered species. They're
doing everything they can to help them thrive. So you
see this in their product. They've got the SBS First

(40:56):
Home Combo. Get to know this one. The SBS First
Home Combo very impressive inclusions. You got a discounted interest rate,
you got free Pulse broadband for the first year, got
a contribution towards SBS insurance home policies, got money back
into a life stage's ki we save, you got cash
back offer and of course first home lending and eligibility
criteria apply. So for all you need to know about
SBS terms, fees and charges, go to the old website.

(41:19):
And if you want to help guide a first home
buyer in the right direction, search SBS Bank. They are canstars,
by the way, best bank for the first home via
twenty twenty two and twenty twenty three, So go look
up and learn to love SBS Banks ketub seven twenty four.
On the fringes of the Prime Minister's Japan trip, a
couple of stories for you won the plane obviously that
needs replacing in two c listers. I very much doubt

(41:42):
whether anyone who matters in Japan really shifted their thinking
about New Zealand over such frippery. The plane is the
more serious story, obviously and needs addressing and if any
good news comes out of a bad situation, it might
just be that things have got so comical so third
world we might actually get around to addressing the problem.
No government, clearly, obviously over the years, has had the
gonads to make the call, given the politics of all

(42:03):
of this, remembering, of course, the seven five sevens are
not about VIPs really, They're mainly about troop movement. But
our plight, the image of our plight is now so pathetic,
we may as well just acquiesce and accept that we
need to actually show a bit of leadership and sort
it out once and for all. Than while we're at it,
do the ender Islanders at the same time. But to
story two CE listers and tagalogs, the PM was making

(42:25):
a point that bypassed too many of those who cover them.
Too many of those who cover them don't get it,
or more importantly, I suspect don't want to get it.
You only had to watch his press conference in full
in Japan on Tuesday, which I did to see it.
There are some in the press gallery basically that are children.
Was luxemblunt?

Speaker 19 (42:41):
Yes?

Speaker 2 (42:42):
Was he wrong?

Speaker 11 (42:43):
No?

Speaker 2 (42:43):
Was he indelicate? Maybe? And that's the price you pay
for unsophisticated coverage, of which there is far too much
these days. His point was specific in the sense, these
missions need people who have an interest in the market
you are in, can do business in the market you
are in, are already in the market you are in,
can convert into tangible results the trip they have just taken.

(43:06):
In other words, it's not a meet and greet. It's
not options and ideas, it's not blue sky, it's not
thought bubbles. It's cutting deals, doing business, banking the checks.
That was his point, and in fact, if you listened
to his words, he made that point. So therefore he
was right to double down when questioned by the clickbaits,
and it was based on experience because he had been
on these jaunts in another life. The credit he deserves

(43:27):
is based around his determination to do the miles, hold
the meetings, and put this country back on the map
when it comes to business. He is a serious player
looking for results. His punishment as he's followed about by
people who don't get that, asking Mike, where were the
mortgage brokers? You blame Adrian, where were the mortgage brokers
in the banks, and even the personal responsibility during the
twenty twenty period brokers and encourage people to borrow as

(43:48):
much as they could. Now they aren't spending cash, is
going to know they're in debt. At the time, I
was thirty three eaning four hundred thousand dollars a year,
wanted a two and a half million dollar house. One
million dollars debt. Banking brokers said I could borrow up
to three million. Imagine the pain.

Speaker 6 (44:01):
Now.

Speaker 2 (44:01):
You make a very good point. And I will never
forget asking Adrian or when he handed that money at
less than nothing to the banks, why are they no writers?
Why are they're no restrictions? Because you know where the
money's going. And he said to me, he said, the
money will go where the money goes. The market speaks.
And in that is the line between personal responsibility. Are
you and I going mental now squealing and crying and
moaning about our mortgage and we can't pay it versus Adrian,

(44:24):
who potentially, you could argue, should be the savior of us,
all knowing full well that if you trust the lowest
common denominator in New Zealand, you're going to pay a
very painful price. So probably you're right, mate, Probably we
are all in this together, and we all made some
decisions we might have regretted. You can go back to
twenty twenty three or twenty twenty in the election of
fifty percent of the vote. You can go back to

(44:44):
people who borrowed too much money thinking it would last
forever and didn't do their homework and didn't read the room.
But you can also go back to Adrian, who should
have known better at the time. Why because he's a professional.

Speaker 1 (44:56):
The newsmakers and the personalities the big name talk to
like my costing breakfast.

Speaker 3 (45:03):
With Jaguar, the art of performance news talk, said.

Speaker 2 (45:06):
B oh Micah. Correction was always coming. I was lucky
to have an investment property and sold it three years
ago at the peak where debt free, and recently brought
a motor home at thirty grand less than it would
have been last year. John, there has been no crash.
Just let me give you some because funnily enough, I've
been dealing with real estate agents quite a bit lately,
and a lot of them are are negative about the
market at the moment, and I'm thinking, I'm just thinking,

(45:26):
what about sales? I mean, we're all about the price
and is it up? And there's down at what neighborhood
moved and all that sort of stuff, But what about
the actual sales, what's actually selling? So I crunched a
few numbers and I'll have those for you shortly. Mike,
I agree one hundred percent re theclaim on with Luxe
and by the media. Jason Walls was glee as glee
was palpable. I only give the monkeys of lucks and
singles out time wasted. I like as refreshing attitude to
get stuff done rather than just telling us to be kind.

(45:48):
Twenty three to way Joe Parker in the studio, Shall
we go twelve or fifteen rounds? I I I reckon,
looking forward to the catch up shortly. A bit of
banks around the motor industry though at the moment, as
the government about reviewing emission standards for cars imported into
the country, but they're only asking the car industry for feedback.
Ev importers not happy about not being included in this.

(46:09):
There is a transparency concern apparently the Transport Minister, Simeon
Brown is with us. Very good morning to you.

Speaker 13 (46:15):
Good morning.

Speaker 2 (46:17):
The line that is being touted this morning. It is
not keen you to publicize the changes or consult on them.
Very widely. The secretive consultation has ev importers upper arms,
with Tesla saying the government only went to its hand
picked allies for feedback.

Speaker 22 (46:33):
You say, what, well, I mean Tesla should join the
Mota Industry Association, or the Motor Trade Association or one
of the other associations.

Speaker 19 (46:42):
We've consulted with.

Speaker 22 (46:43):
We're consulting with the car industry around these standards because
the last government legislated them in a way which ultimately
would mean our standards would become stricter than the European Union,
and that would impose significant costs or New Zealanders trying
to purchase cars, and so we're looking at the standards.

(47:04):
We want to reduce emissions from imported vehicles, but we
also want to do it in a way which is
actually affordable for New Zealanders, rather than posing thousands of
dollars of costs and actually having a standard which means
we have to find cars which are cleaner than what
have been produced in the European Union. By the way,
we don't make cars here in New Zealand, no, we
do not.

Speaker 2 (47:21):
So what happens is when I import cars, I can
bring in a Lambeau V ten but they've got to
balance it out with something that doesn't burn the planet
just as much. That's where we're at.

Speaker 22 (47:28):
Effectively, that's how the standard. Effectively, that's how the standard works.
Most countries have these emissions or fuel economy standards. They're
designed to over time encourage importers to bring in a
cleaner mix of vehicles. We want to make sure that
that is done in a way which is affordable for
New Zealanders, allows New Zealanders to get the range of

(47:49):
vehicles which are needed, and it doesn't impose thousands of
dollars of additional costs or New Zealanders unnecessarily. Look, we're
reviewing that. At the moment. Cabinet hasn't made any decisions,
but we have put legislation in to give the government
minister that's me, the ability to amend the standard via
regulation rather than it being baked into law as it

(48:10):
currently is.

Speaker 2 (48:10):
The next couple of years you tried to flip it
under agency, you couldn't get there. So this will solve
that problem presumably once and for all. Is this once
again too much power in the minister's hands you decide,
as opposed to the Parliament or the people or whatever.

Speaker 22 (48:22):
No, I think it's actually better that this is an
issue that is resolved by a minister rather than having
baked into law, because ultimately, you want the standard to
be flexible, You want it to be able to respond
to market conditions. We don't want this to be imposing
thousands of dollars of cost them New Zealanders trying to
purchase a vehicle. I mean, some of the data we've
we've been seeing as that in a couple of years time,

(48:42):
it will add you know, potentially thousands of dollars to
the cost of every every carving importance. So we want
to make sure it's affordable for New Zealanders and that
we get the emissions reductions when you did.

Speaker 2 (48:52):
At the same time, Okay, when do we get there?

Speaker 13 (48:57):
The review?

Speaker 22 (48:57):
The reviews underweight at the moment. Capital hasn't made a
decisions yet, but the legislation is currently before the House
which will enable us to be able to make those
changes once the review this year.

Speaker 2 (49:11):
This year, okay, because in asking the car industry, I
know for a fact they don't like it, so they'll
be saying, I mean, this is this is why I'm
not in politics, because I don't have the patience for it.
You go to the car industry, the car I know
what the car industry are going to tell you. They
hate it because Labor Party didn't understand emissions and cars
or anything to do with them. So you'll fix it.
Why don't you just get on and do it well.

Speaker 22 (49:29):
We want to make sure that a stand which is
achieves what we need to achieve them both in the
best for all to talk to us understand what are
the cars being manufactured globally. We don't manufact the cars
in New Zealand. And the best people to talk to,
talk to and find out that data and that evidence
to the people who import vehicles, who actually manufacture vehicles,
and so that's exactly what we're doing. We want to

(49:50):
make sure that the standard is achievable, reduces emissions but
also provides that mix of vehicles that New Zealanders need.
That's exactly what we're doing.

Speaker 2 (49:58):
Okay, good on, go well with it, assuming who's the
Transport minister. We are unique in this particular part of
the world. In fact, we're unique in the world as
far as I know. Were the possible exception of us
at India, I can't remember. We import all these Japanese imports,
and that's crashed the new car market over the years.
In other words, when you buy a new car for
fifty thousand dollars and three years time, it's worth about
twenty five thousand dollars, whereas most other countries are worth
eighty percent of what it was when it was new.

(50:18):
If you go to Australia, buy a fifty thousand dollar
car three years lad, it's worth about forty thousand dollars,
not the twenty five it is here. And that's because
we bring in all these and we've got an old
fleet's about fourteen years old as the average fleet in
this country, because we buy junkers. And so the counter
argument from a labor party would be they we're going
to clean it up though, we're going to make it newer.
But of course in the real world that makes it unaffordable.
No one can afford an expensive carra what's perceived as

(50:39):
an expensive car eighteen minutes away from eight asking now
very good tweet tweeted the day from David Farrer. He
says this about thet Darlene Tanner inquiry. It's at ninety
six days in counting ninety six days and counting see
I said earlier on an early edition, see what I
want as a Green Party in Parliament that's into the

(51:00):
environment and advocates for the environment and national parks and
public spaces with snails and fantails. That's what I want
the Green Party to do. I'm not interested in near
Palestinian scarves and all the other ranting and raving bollocks
you're on about, and just the implosion of this party
in terms of credibility. James Shaw ran for the Hills.
He's stuck with Morrison now and he's probably having the

(51:21):
time of his life. And all the other idiots in there,
like goal Ris and Marramur As I said yesterday, that's
a personal story and that's beyond anybody's control. And we
wish you all the very best, obviously. But all the
other headlines around the Green bar that one are self
inflicted idiocy and they're just buffoons and they're just laughable.
And the Darling Tanna case is a classic example. If

(51:41):
I was Rachel Finch, I don't know Rachel from a
bar of soap? Is it Fitchell Finch? Who Bert? Why
don't call it Finch'll fit? I don't know Rachel Bert,
who's the lawyer. I distanced myself on the greens as
fast as I could run, because I mean, sure to
the money. I mean, what are you doing of these
people anyway? David Farris says this, The Darling Tanner Inquiry,

(52:04):
at ninety six days encounting, is longer than the Falklands
War one point three times the Falklands War seventy four days,
two point three times, longer than the golf Was to
liberate q eight forty two days, eight point six times,
longer than Scaramuci's inquiry, which was eleven days one point
three times. The Independent Inquiry into the appointment of the
New Zealand Deputy Police Commissioner it was seventy four days

(52:25):
one point one times the Independent Inquiry into Dudith Collins
and the SFO direct eighty five days. It's a little
bit shorter than the Rogers Commission inquiry into why a
little bit into why the Space Shuttle Challenger exploded four
point three times the US Senate investigation into the sinking
of the Titanic, which took eighteen days one point one
times the Tower Commissioned into the Iran Contra affair eighty

(52:46):
five days, one point eight times, the Roberts Commission into
the Pearl Harbor attack fifty four days. I mean, if
it wasn't so pathetic, it'd be funny. Sixteen two the
Make Costing Breakfast must have some dirt on the Greens
party of this have been done by now either that.
I mean, this is the other thing about vacuums. Vacuums
are filled by speculation. And the other thing about it
is that the lawyer's got a whole bunch of stuff

(53:07):
and they don't know what to do with it. Or
the more she digs, the more there is to find.
And as I said on the program yesterday, if it
looks ugly, how the Greens handle this is going to
be absolutely fascinating. Let me get so the house so
just quickly. It's just I became so so. I've been
involved in the house bark at the moment for a
variety of reasons. Anyway, the lot of downbeat talk about
what's going on in housing, and it doesn't appear to

(53:28):
be as in reality. And it's always important to go
to the numbers, not the rhetoric. So I'm looking for
I just got them to crunch a couple of numbers
on houses sold this year so so far jan feb March, April, May.
Obviously January thirty one hundred and sixty nine houses sold
around the country. Not many, it's a you know, we're
all on holiday, right, So thirty one hundred and January
fifty six hundred, let's call it fifty seven hundred and February,

(53:48):
sixty five hundred in March, fifty eight hundred and April,
and sixty three hundred in May. Now is that that good? Well,
if you go for the whole year, we've sold sixty
seven than seven hundred and sixty houses, so that's an
average of five and a half thousand houses a month.
So in other words, this year, more often than not,
we're above the average. So it seems houses are turning over.
So yes, you can have an argument about prices and

(54:09):
all that sort of stuff. As far as I know, statistically,
the time on the market is falling. Number of houses
is there or thereabouts seems reasonable to me. Some at
the top end isn't moving. Obviously, banks are a bit
of a problem, LPRs DTIs all that sort of stuff.
You'll talk about the economy. But houses, it seems from
the facts, are still selling. Are they selling the numbers
they once and did once a mo on time. No,

(54:31):
but all things considered, they seem to still be turning over.
So this idea that no one's buying houses simply isn't true.
Then we come to Karen Shaw. It's all part of
scrutiny Week, which I said earlier on. I think in
totality has been a good movement as far as democracy
is concerned. I think we've learned a lot. If you're
paying attention, we've learned a lot. Some people have said
some interesting things. The opposition have had a good chance
to get into ministers and you know, grill them and

(54:51):
this is all good for democracy.

Speaker 20 (54:52):
We like it.

Speaker 2 (54:52):
Karen Schaw, she was in front yesterday. She was questioned
again about seven double a a ring a tomerriiki of
course and in two words, wanting the best and needing
to put the safety of all children first. Then comes
to party Maori.

Speaker 11 (55:08):
Have a listen, because it's a fundamental way in which
you think about Mardy children who are mardy to them,
they're not New Zealanders.

Speaker 2 (55:15):
They are Mardy children, and you just don't get that.
You wonder why we've got problems. They're not new Zealanders,
and I sort of by reiterate my comments on against
an ethnic party or a Maray party in parliament either
if they weren't radicals, they weren't crazies like the Greens are.
So the problem with MMP is, yes, you get variation,

(55:38):
and so you don't guess get left right and big
fat scene to parties. What you do is you end
up with smaller parties, some of whom are complete right.
They're not new Zealanders. I mean, how do you get
away with that sort of nonsense. And the thing about
that is the people who support them, the one percent
or one and a half percent too support them, they'll
be lpping that up the whole think that's fantastic, a
bit of tina rangeteer a tongue, run the country yourself,
get it all going, all independence, all on, fantastic, have

(55:58):
your own parliament. Just give us the money to pay
for We don't want to do any of that ourselves.
If you can just give us all the money that
you've earned and then we'll take that away and for
a bit of ten orangeteeratanga, it's all on.

Speaker 3 (56:07):
Jeez.

Speaker 2 (56:08):
By the way, if you think this is bad, here
Louisiana first statement to require that the Ten Commandments be
displayed in every public school classroom under a bill signed
today by the governor mandates a poster, a size display
of Ten Commandments and large easily readable font after all,
it is Louisiana, be required in all public classrooms from
kindergartens to state funded the universities, paired with a four

(56:31):
paragraph context statement describing how the Ten Commandments were a
prominent part of American public education for almost three centuries.
Must be in place in classrooms by the start of
twenty five. Yep, we're a bit crazy, but then so
are they.

Speaker 3 (56:42):
Nine to eight the Myke costume Breakfast with news talks.

Speaker 2 (56:48):
Like we need to keep in mind that those two crazies,
the Greens and the Murray Party other people Labor will
have to go and to go listen to it. It's
a very serious point you make Greens once upon a
time with the James Show type figure, you could shield
yourself from the nuttiness of it. You know, Labour needs
to think long and hard about how they sell themselves
to I mean, obviously in an election campaign they say

(57:09):
just both us, give us another fifty percent, like they
did between twenty seventeen and twenty twenty man or was
it twenty twenty whenever that lesson that cluster was. But
once you get beyond that and get back to the
real world of MMP and the coalitions, they're going to
have to sit there with the Greens and the Murray
Party and they're going to have to sell that idea
to you. Good luck with that bad day at the
auction mike yesterday at Barfoot's zero sold at the main

(57:31):
Central auction one point thirty, only four at the South
Auckland auction. Across all sessions sold ten past in forty seven.
Ten to fifty seven is seventeen and a half percent
of those past in sixty eight percent or thirty two
had no bits. That doesn't mean anything what that means
to me. I mean, thank you for the stats, obviously,
but what that means to me. And I've been a
long advocate for not having an auction auction. I think

(57:53):
unless you've got a highly unusual house in a bull
market and people go, oh my god, that's my dream home,
auctions are away of time in this market. At the moment.
If you're saying, if somebody look, don't take my advice.
Just listen to the advice, and you know, when the
real estate agent goes done, listen to what Hosking says,
he's an idiot, and you've got to go to auction,
you know, just balance it up. But what I'm telling
you is in a market like this at the moment,

(58:14):
auctions buy and large don't work because auctions require at
least two people in the room going I want it,
No I do, No I do, no I do. And
that's not the sort of market we're in at the moment.
If you're smart, price it is my advice, work out
what it's worth, do your due diligence, get some experts involved,
get a number, don't be greedy and say that's what

(58:35):
the market says, that's what I want for it, and
go from there. If it doesn't work, don't blame me.
But that's what I do. I've never gone to an
auction in my life because it does require an element
of greed and a lack of control on people's parts,
and the fact that not many people at the moment
initially necessarily cashed up and they've got to sell a
house to buy a house. And of course auctions requires

(58:56):
you to turn up with the money set to go right. Oh,
let's talk some boxing. Let's get into the ring with
the mighty Joe Parker has not a couple of years
since he's been in the studio, so I'm looking forward
to the catch up. And what a fantastic time he's
having is he's a promoter now, he's got the Niaka
fight coming up. We'll talk a bit about that. He's
got another fight, two fights coming up before the end
of the year, and the world title is not beyond
the realms of possibility. What do you reckon? Joe Parker is.

Speaker 3 (59:19):
Next the Breakfast Show You Can Trust the Mic Hosking.

Speaker 1 (59:24):
Breakfast with Bailey's real Estate altogether Better across residential, commercial
and rural.

Speaker 3 (59:31):
On News Talks, B Power per Pleasure.

Speaker 2 (59:44):
It is seven past eight. Time for a catch up
with Joe Parker, who since he was last here, has
re energized his career, won a couple of standout fights,
and is very much back in the heavyweight world title conversation.
He's also branching out and moving into the promotion business
with an upcoming fight involving David Nicolo. This anyway, Joe Parkers, Well,
it's good to see morning.

Speaker 6 (01:00:01):
Good to see you. Good morning.

Speaker 2 (01:00:02):
Can I just congratulate you because the last time you're
in here and I can't remember, but it was a
couple of years ago. It's pre these last couple of
fights you've done and Joyce and Jang, and I've watched
it all and I've followed you throughout the years, and
it's just such a thrill to see you now doing
so well because those last two fights were amazing to watch.
Do you do you feel the same?

Speaker 6 (01:00:23):
Do you know what? I've had a great journey and
it continues, and I've been boxing for eleven years, and
I feel like the last year is the year finally
I found the right formula that works for me, the
right training, the right programs, the right nutrition, the right rest.
Everything now has fallen into place in the second meet.
Ten years to get.

Speaker 2 (01:00:42):
There, Yeah, did you know along the way something was missing?
Per se or not?

Speaker 6 (01:00:47):
I always ask myself questions after each fight. The Joyce
fire asks myself many questions. Another fire I had was
Jack Massey, where I had a win, but I wasn't
a convincing one and I wasn't the best win. I
thought to myself, why am I not winning? In a
way where I know I can win. Why is my
conditioning not the best? Why am I not resting well?
And I started asking myself all these questions and it

(01:01:08):
made me find the right person and who is Who
is George Lockert the best nutrition, is the best strength
commissoning trainer in the world.

Speaker 2 (01:01:15):
So what does he literally do for you versus what
Andy does for you?

Speaker 6 (01:01:18):
For example, Andy Lee is the best boxing train in
the world. And Andy Lee is a head trainer going
into every fight in every camp. But George Locker, he's
that important that I've flowing him down to New Zealand
and he's living with me for three months while we build.
He cooks all my food every day. He trains me Monday, Tuesday, Thursday, Friday, Saturday,
and we're just building, building, building for the next fight.

Speaker 2 (01:01:38):
So he tells you what to eat.

Speaker 6 (01:01:40):
He gives me what to eat, So he just gives
it to you.

Speaker 2 (01:01:42):
And what do you eat? And what's different about it?

Speaker 6 (01:01:45):
At the moment we're doing a building phase in boxing.
I've never even known about phases, building phase, you know,
endurance phase, power phase. I've never knew anything about this
until the last year working with George and at the moment,
he's feeding me seven thousand calories a day. We're building,
we're building building buildings. He wants me to be bigger, faster,
stronger for when I fight, for when I fight and

(01:02:06):
lock in the next fight.

Speaker 2 (01:02:07):
So here's the thing. So, so I follow you, I
follow boxing, but I'm not an expert like you. I'm
assuming that this is all in place, that this is
a science, that you're all international top level sport. Is
that the cutting edge of nutrition and science.

Speaker 6 (01:02:22):
You know what. Boxing has been around for the longest time,
and I kid you, not boxing is way behind on
all this stuff. George Lockard is very shocked when you
came into boxing to find out that we don't have
anything in place. Being the one of the longest sports around,
there's nothing in place in terms of having a program,
having a structure, having a plan. There's nothing.

Speaker 2 (01:02:44):
It's the weirdest thing. So because I look at you now,
you're bigger than you have been. And one of the
criticisms over the years about you is you're not big enough.
If you get to Joshua, you're not big enough. So
you're fixing that. Now we're fixing that.

Speaker 6 (01:02:56):
And the difference now like you said the difference with
myself and the bigger fighters is that the size. But
now we're fixing that. We're kind of close the gap,
and the next time I fight, it's not going to
be ten or twelve cag's heavy, It's going to be
three or four.

Speaker 2 (01:03:08):
Jeez. Are you resentful of that or disappointed in that?

Speaker 3 (01:03:12):
Or it is what it is?

Speaker 6 (01:03:13):
I mean, that is what it is. You can't go back,
and everything is timing and the time is now.

Speaker 2 (01:03:18):
Okay, since we also like, where are you at fight wise?
By the way, do you know anything or not?

Speaker 6 (01:03:23):
I don't know anything at the moment. At the moment,
I'm just building and waiting for the next fight to
be announced or to be locked in. It's looking like
it was September and now October, right, So the moment
I'm building and I'm just I'm getting into promotion.

Speaker 2 (01:03:35):
Yeah, now, this is why you're here, David Nica. See
now there's this is so Nika is built fantastically. Wow,
and he's an Adonis, isn't it?

Speaker 20 (01:03:46):
So?

Speaker 3 (01:03:46):
Give it?

Speaker 2 (01:03:46):
Given what you just said about nutrition and building phases
and stuff like that, is that just natural? So Joshua
looks the way he looks and Nika looks the way
he looks. Other people look different. That's just gold.

Speaker 6 (01:03:56):
I thought, Listen, I'm not really aware of what other
fighters go, but I'm sure Joshua has a great set
up himself being involved and you know, he's got the team,
British team around him, and I'm sure he's been introduced
to all these things that I'm talking about now David
and Aika. When I trained with him in the past,
he knew more about this kind of stuff than I did,
you know, So he's very you know, he's achieved a

(01:04:18):
lot as an amateur. Yeah, Bronze middle at the Olympus
coming off games, and now he's made a great start
to his professional career. But he does look very good.
He's got a great work ethic, he's got height in reach, right,
he's got the abs that I've always wanted. So he
is the part right, and we're very I reckon. We're
fortunate to be working off a talent like David made.

Speaker 2 (01:04:37):
I have this promotion thing come about with you and David.

Speaker 6 (01:04:39):
David Higgins, David Higgins had looked up, looked after my
career from the beginning. I sign a promotional contract for
six years and after they became my manager. And along
the way, David has always taught me about the business
side of boxing and what's involved. And I've always shown
interest in the sponsorship, the venue, the tickets, the corporates,

(01:05:00):
and now now he's given me the opportunity to do
this event together. It's going to be my first promotional
co promotional with David Higgins.

Speaker 3 (01:05:07):
Good on you?

Speaker 2 (01:05:07):
Is that to a view to life beyond the ring?

Speaker 6 (01:05:10):
Yes, it is life beyond the ring? But also I
want to help other fighters and give them the same
opportunity I was given from David Higgins to reach the top.

Speaker 2 (01:05:18):
All right for enough listen to hold on there, mate,
and we'll take a brief break. More and more and
more boxing talking a moment with Joseph park at thirteen
past eight.

Speaker 3 (01:05:25):
The mic Hosking Breakfast talks.

Speaker 2 (01:05:27):
It will be fifteen passed. Make it quarter past eight
on the mic Hosking Breakfast to Joe Parkers and just
just before we leave this the Nikka thing and with
your promoter's hat on, how far do you reckon? Nika
can actually go?

Speaker 6 (01:05:37):
Nika has already shown that he's been inspiring with the
top of the world in England, and he's given like
he's giving them the best work they've ever gone. So
if he continues to keep busy and keep progressing the
way he is now, he's going to be a I
reckon he's going to be champion of the world in
the next two or three.

Speaker 2 (01:05:51):
Just to explain to people that he's one below heavyweight,
doesn't he a cruise away? Yeah, so he wouldn't step
up per se. He's a cruiser and that you can really.

Speaker 6 (01:05:59):
You know, well for you said Usick was a unified
champion of the world, and he stepped up to heavyweight,
and now he's a unified champion of the world in
heavyweight beating Tyson Fury Naika can do the same thing.
It's all up to Seriously, you can.

Speaker 2 (01:06:08):
How much of it do you reckon? In your experience now?
Is God given talent versus if you work hard enough
with less talent, you can get there.

Speaker 6 (01:06:19):
You need the talent, you need the hard work, And
I believe I have the talent and hard work, and
I believe David Naka has a talent and the hard work.

Speaker 2 (01:06:27):
That's super exciting. Since also we last talked, I've seen
that reality television show that Tyson Fury. Did you know
in More and his family and all, and that's you know,
you've hung with him and his family and how he
works and stuff. Is that beneficial of that? Is that
whole Fury experience been beneficial to you?

Speaker 11 (01:06:45):
Well?

Speaker 6 (01:06:46):
Well, Tyson, I wouldn't be where I am today. Tyson
gave me the link to train of Andy Lee. He
gave me the link to employ George Lockhart. He gave
me his house you live in. He gave me the
opportunity to fight, and he had him and Spencer Brown.
So without the relationship we have, I wouldn't be aware
him today.

Speaker 2 (01:07:04):
That's amazing, isn't it? Is he coming back?

Speaker 6 (01:07:07):
Is he's fighting on the twenty first of December, right
against you, Sick. It's a rematch. It's going to be
back in Saudi Arabia.

Speaker 2 (01:07:13):
Were you were there? You saw it? What do you reckon? Happen?
What went wrong?

Speaker 6 (01:07:16):
I feel like Tysons for my own opinion, Tyson needs
to be the big man and fight like the big man. Yeah,
and I'm sure he could make those positive changes coming
into the I.

Speaker 2 (01:07:25):
Could see and watching the television show because you know him,
you live with him.

Speaker 3 (01:07:28):
I don't.

Speaker 2 (01:07:28):
But but in watching the television program, he seems to
be like he loves life until what I got to fight.
So I go down to the Marcambe gym and then
I start mucking around for a while and lose some
weight and getting the He seems to be a freak
of nature, is what I'm saying.

Speaker 6 (01:07:43):
He's a freak of nature. But he loves to have
something locked in, and something locked in. He has purpose,
and then all of a sudden he locks himself away
and he's just groaning day in and day out.

Speaker 2 (01:07:53):
Right, So he hasn't reached the stage in his life
where he wants to give it away.

Speaker 6 (01:07:56):
Like, I don't think so.

Speaker 2 (01:07:57):
So I've done everything I need to know.

Speaker 6 (01:07:58):
If I was in that position and I became unified
Chamber of the world, I'll probably finish boxing, finish at
the top.

Speaker 2 (01:08:03):
Do you reckon you could be unified?

Speaker 6 (01:08:05):
I can?

Speaker 2 (01:08:06):
I know I can, because this is what see what's
so exciting about this one. You've got a whole bunch
of genuine contenders At the moment. Heavyweight boxing looks fantastic,
doesn't it in terms of contenders. Second of all, to
have a unified instead of all these belts spread out
all over the place. To have a unified champion, that's
wonderful for the sport.

Speaker 6 (01:08:21):
It's great for the sport. You have one champion, one face,
one name. Yeah, I can be that man.

Speaker 2 (01:08:26):
How far off or how many fights off do you
reckon you are from that chance?

Speaker 6 (01:08:31):
I'm one fight off, one or two fights off being
champion of the world, three or four fights being unified
champion of the world.

Speaker 2 (01:08:37):
It's amazing, very close. And then you're going to walk
away and be a promoter.

Speaker 6 (01:08:40):
I'll walk away, I'll be a promoter. I'll probably I'll
just do something else with my life, you know, enjoy it.
But I'd like to help other young fighters, starting off
with David Aker reach the top.

Speaker 2 (01:08:48):
That's brilliant. And Saudi Arabia, give me your take on
see once upon a time when you started Kevin Barry
Las Vegas. Then it seemed to move to London, and
now it's moved to Saudi Arabia. They seem to have
all the money in the world. And that's we're sport's.

Speaker 6 (01:09:01):
Listen to taken over. And also it's not just going
to be in Chaudia Abba. They've got a show in America,
They've got a show in the UK. I'm sure they're
going to expand and go to Australia and all around
the world. Yeah, Saudi Arabi taking over the sports world the.

Speaker 2 (01:09:14):
Book because the streaming service that you're on with Nika,
the Zone, Yeah, that's is that out of Saudi Arabia
or not? Or am I making that all around the world?

Speaker 6 (01:09:24):
Yeah?

Speaker 2 (01:09:24):
So they stream it, they stream it everywhere.

Speaker 6 (01:09:26):
So Devin Akas fight's going to be on the Zone,
it's going to be live here in New Zealand, it's
going to be broadcasts all around the world.

Speaker 2 (01:09:31):
So that's amazing. He's going to We don't know who
he's fighting, do we yet?

Speaker 6 (01:09:34):
Not yet, but there's a few names that he's they're
just negotiating.

Speaker 2 (01:09:38):
Good names, decent names, names, sell out names, names that
I'd buy a table for to come along of course
all that stuff. Of course, good on you, all right mate, Well,
so you'll fight one more time before the end of
the year.

Speaker 6 (01:09:49):
You think like one or two fights, one or two
hopefully October and December.

Speaker 2 (01:09:53):
When you're in your phase at the moment with your
seven thousand calories, how how much worky you' doing physically?
A lot of because you've got to boon that stuf Las.

Speaker 6 (01:10:02):
Night around an hour and a half Monday night around
hour and I'm doing weights and I'm just I'm doing
waights in cardio. Yeah, there's a lot of hard work.
And I'm tired. I'm tired from the training, I'm tired
from eating, I'm tired from the family. I'm tired. But
you know what, I love it more now than I've
ever done before.

Speaker 2 (01:10:18):
Good on you mate, Listen, it's lovely to catch up
with you. Good luck with the promotion job, good luck
with a fight. We'll get you back in again.

Speaker 6 (01:10:23):
So very much.

Speaker 2 (01:10:24):
Always good to see you. There we go, Joseph Parker.
Now this morning, good stuff. It is already twenty one
past eight. Costel Breakfast with Alvider News Talk Siddy now
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(01:11:30):
n Z. Pasking Mike Parker, a genuinely nice guy. Couldn't
agree with you more. Mike's so great to hear Joseph
talking with such confidence and drive. I'm thinking about that
as well. We started interviewing, obviously, Joseph many many many
years ago. He said his boxing eleibny, so obviously that's
when we started talking to him, and he was very
very shy didn't have a lot to say. Likable guy,
has been a likable guy, but never never really had

(01:11:51):
anything to say. So just been wonderful to watch him
grow into himself in the last decade. And he's these
days really comfortable in his own skin. So he's a
man and he's just fantastic. He's a great guy to
be around. Good vibes. Joseph took a little snap. What
you'll be interested have we put the snap up? Okay,
we're going to put that up shortly. What you'll be

(01:12:12):
really interested to see is my weight training program and
the gains I've been able to make in the last
couple of months. Because you've got to remember Parker's He's
a decent sized guy, not as big as Joshua and stuff.
But if you look look at where I've come from
and where I am today with that photo, you're going
to get I honestly don't know he put his arm

(01:12:38):
around me, and I'm not sure I'm actually in the
photo anymore. I think he put his arm around me
and flexed to the bicet. How could I literally disappear
from the photo. So if you see the photo, you
think that's Hosking even in there, I'm under his arm.
Good fun. Seven thousand calories, by the way, which is

(01:12:59):
what he's eating every day. As an example, it's three
times recommended intake for your average mail. Eddie Hall, who
was a strong man, he does seven thousand a day,
so seven thirty one apple before morning power walk. So
you think, well, that's not bad. I can handle that.
One apple. Breakfast you back from your power walk, Steak
and scrambled eggs, five eggs, glass of orange juice. Lunch,
two large pieces of chicken, rice, mixed vegetables and half

(01:13:21):
a glass of orange juice. Mid afternoon chocolate granola or
a punnet of strawberries with Manuoka honey. Six pm meal
homemade chicken, curry, rice, vegetables, carrots, peas, and sweet corn. Dinner. Ah,
you thought six pm meal was a dinner. No, that
was just the six pm meal. Dinner eight o'clock large
portion of beer, fried chicken, two baked potatoes, asparagus, coleslaw,
peppers cooked in butter, half a bottle of mayonnaise, half

(01:13:47):
a bottle of mayonnaise. Then once you swallow that, some
evening snacks of yogurt, nuts, honey, and fruit, and you
do that every day until you get in the ring
and you burn it off in between times doing all
your exercise. News in a couple of moments, a very
very interesting poll out. More good news for Nigel Farage

(01:14:09):
here is on the cusp of becoming an MP reformers,
the story of this campaign in Deebrady with all the details.
After the news which is.

Speaker 1 (01:14:16):
Mixed, what Big News, bold opinions, the Mic Hosking, Breakfast
with a Veda.

Speaker 3 (01:14:24):
Live, The Age You Feel, News Talk, SEDB for what.

Speaker 2 (01:14:27):
It's Worth, NPR and PBS, which are public broadcasters in America.
Of course, poll out this morning are taking June ten
through twelve. This is independent voters and once again it's national.
And once again I warn you about when you talk
about poles in the United States being national, that the
vote is not national. It's the college system. It's two
hundred and seventy. It'll be a tight race, it'll be
you know, as always, it'll be Pennsylvania, it'll be Michigan,

(01:14:48):
et cetera. But nevertheless, they keep pumping out these national polls.
What's interesting about this one is with the independent voters,
because I think, to be fair, the Democrats and the
Republicans are locked in. There are some Republicans who ma,
I may not vote for Trump because they count stomach him.
There may or may not be some Democrats who won't
vote for Biden because he's too old and he's too senile,
but they are locked in. In other words, you're not

(01:15:09):
going to find a Biden voter who's going to switch
to Trump and vice versas. It's just that they're two
to divide him. So these are so called independent voters.
Back in May, Trump was up fifty four to forty
two among independent voters. Fifty four forty two jumped to
now June ten through twelve, it's fifty to forty eight
the other way. So Trump has gone from fifty four
to forty eight. Biden's gone from forty two to fifty.

(01:15:33):
So is that too big a move for no particular
reason in too short a time. Probably, But it's out
there and worth reporting. On twenty two minutes away from nine.

Speaker 1 (01:15:43):
International correspondence with ends and eye insurance, peace of mind
for New Zealand business.

Speaker 2 (01:15:48):
It's going to ready, good.

Speaker 13 (01:15:50):
Morning to you, good morning, make goodn speak to AGAP
and to you two.

Speaker 2 (01:15:53):
The two percent inflation figure. We had a little cut
from Rashid. He was all over and he needs every
bit of good news he can possibly get his hands on.
But I think the banking and aren't cutting tomorrow. Do
people pay attention to the inflation in that yeah, they've
made it kind of way.

Speaker 13 (01:16:05):
Not at all. I don't think this is going to
make the slightest bit of difference to the cost of
living crisis.

Speaker 22 (01:16:10):
Here.

Speaker 13 (01:16:10):
Look, it's better than what it was two years ago
when Russia started it's illegal war in Ukraine. Inflation here
hit eleven percent, energy bills went through the roof. Then
we had the Liz Truss memorable six weeks where mortgage
rates are still high and people are still paying for
that fiasco. I don't think inflation coming down to two
percent is going to matter a jot to anyone. The

(01:16:32):
feeling is that, you know, prices are still going up. Though,
to be fair to Sunak, he did say that one
of his core pledges a year ago. Judge me on
the five things he said, and one of them was
that he would get inflation down to two percent, and
he has done that.

Speaker 2 (01:16:47):
Okay, So the other side of the equation, of course,
these boat people, I think, well, what do you reckon.
Speculate with us if Rishie had said I'm going to
stop the boats and they're not going to come to
this country anymore, and he had done it, would it
have made any difference?

Speaker 13 (01:17:01):
Again, I think people are so angry and the cost
of living crisis, fourteen years of a conservative party that
appears to have run out of not only road but
ideas and leadership. I think stopping the boats wouldn't even
have shifted the dial maybe one or two percentage points.
As it stands, the figure that we got today for

(01:17:21):
yesterday's illegal crossings from France, so this is twenty six
nautical miles of water from French soil to English soil.
Fifteen boats got across yesterday containing eight hundred and eighty
two people, and the bottom line for the British taxpayer
is between hotels and B and b's, we're looking at

(01:17:42):
eight million dollars enz a day being spent on that accommodation.

Speaker 6 (01:17:47):
Jeez, what to do.

Speaker 2 (01:17:49):
But then, having said that, despite the anger on a
take you point, delaya have a plan to stop the biats?
Does anyone have a plane to stop the bikes?

Speaker 13 (01:17:57):
Starmer has been reaching out to the French and he
was granted an audience with President Macron at the Elise
a couple of months ago. So behind the scenes, I
think what Labor are doing is just trying to undo
the damage that has been done to Britain's international reputation
by Bresis. They're not going to undo Bresis in the

(01:18:18):
short term. I think long term a lot of people
would like to have that referendum again. But I think
what Starmer is doing is realizing that, you know, you've
got a problem that originates ultimately on French soil. These
people want to come to the UK. How can we
stop that happening? Having better relations with your nearest neighbor
would be a good starting point. And what really struck

(01:18:39):
me the other week, Mike, there was a story A
lot of people made a big deal out of this.
A French policeman happened upon one of these dinghies on
a beach full of people being dragged out into the sea.
He got a penknife felt and he just looked it
in the dingy.

Speaker 2 (01:18:50):
Yeah game over exactly. Yeah, good old practical solution to
the problem. This bitting scandal, fesstival, is it a scandal
or anyway we've gotten a risk, but you can't go
around bitting on stuff.

Speaker 13 (01:18:59):
You probably knew, well, this is a police officer that
was allegedly doing this, one of Sunnak's close protection officers
from the met. Now you can imagine, you know, traveling
around with the Prime Minister, perhaps driving him or being
near him, or when he's having coffee or when he's
taking phone calls. He's obviously heard something. So the allegation
is that this serving police officer from the Prime minister

(01:19:21):
protection team has gone off and placed the bet on
the timing of the election. If this sounds like deja vu,
we did speak about this a couple of weeks ago
and was actually an MP from the Conservative Party, Craig Williams,
allegedly placing a bet on a July election. So someone
has been loose lipped. There is an investigation into the politician.

(01:19:42):
There is now an investigation into the police officer who
has been arrested and is in a lot of hot water.

Speaker 2 (01:19:49):
Just accepting in that so I'm tapping into your expertise
and experience here. Just accepting that the polls are broadly
speaking going to be right in the Saint Slave is
going to win this election. Do you believe a poll
that's seen the sort of move we've seen for Farage
and Clacton, and it's astonishing effectsavation SIT. It was unprecedented
in modern electoral history. In other words, Farage is not
just going to win, He's going to bolt home.

Speaker 13 (01:20:11):
I think he will. Look he appeals to people who
voted BREGGSIT. He chose Clacton on Sea, which is with
the greatest of respect. It is a town that has
seen better days. He went there purely because that was
the biggest percentage share of vote for Brexit eight years
ago in that referendum. So he has chosen Clacton because

(01:20:35):
these are people who sing off his song sheet. They
like what he says about migration. He's a big character,
Microphones in his face everywhere he goes. And as much
as you get people chocking milkshakes and wet cement adam
and coffee cups, microphones ink doesn't you know, paper doesn't
refuse ink, and Farage comes out with the soundbites. So

(01:20:55):
I think he is a nightmare for the Conservative Party
now because people who would vote for reform are never
going to vote labor in the first place. So he's
chipping away at I think elderly Conservative voters who are
sick of Sunac, sick of the Conservatives and don't believe
they're right wing enough, and incomes Nigel Forage to save

(01:21:16):
the day, as it were. The Poles are predicting that
he will get elected at the eighth time of asking.
Remember he's run for Parliament here seven times before and
has failed seven times. The Poles are predicting the Forage
wins Clacton on Sea, which is a safe Conservative seat
gun and he will also pick up four other seats
with his party. Now, the problem long term for the

(01:21:37):
Conservatives is this puts him in the House of Commons.
It gives him an even bigger platform. He will call
it a mandate. Does he then try to invague his
way into the Conservative Party and take over?

Speaker 2 (01:21:49):
Yeah, this is what makes it so fascinating, those idiots.
It's downheinge. I mean, the really stop oil people are
they just the kids who have got nothing be able
to do? And then we just wander around the world's
sprice stuff these.

Speaker 13 (01:21:59):
Day, it's shocking. I mean Stonehenge is five thousand years old.
Five thousand years old. Those stones were sourced from a
quarry in South Wales, which is a hell of a
long way to lug Stones that big to a field
in Wiltshire. It is beautiful, it is breathtaking. There's a

(01:22:21):
mystique around Stonehenge. I've been there filming. I've been there
as a tourist and I've been there at the crack
of dawn watching the sun come up, and it is
just beautiful. Why anyone would want to go and attack them.
So they're saying, now just stop oil, that it was
cornpowder and it will wash off. The damage is done,
you know, tourists made.

Speaker 3 (01:22:42):
One is a.

Speaker 13 (01:22:42):
Student from Oxford. I think she's nineteen or twenty. They're
saying that they made the point today that whoever is
Prime Minister on July fifth, when the election is over
the next morning, whether it's Sunak again or Starmer, comes in,
that we need to stop our reliance on fossil fuels.
But the end result there's a national treasure being desecrated.

(01:23:03):
Really pretty shameful stuff exactly.

Speaker 2 (01:23:05):
They got no respect and good to see it into
writing out of Britay's back. Next Thursday, on the my
Casking Breakfast stayed forty five already, the Mike hosting Breakfast
twelve to nine. To be fair to the Commerce Commission,
because often I'm not particularly enamored with what they do
with all these market studies and this fascination and belief
that apparently if they look into something, the whole world's

(01:23:27):
going to change, and you know, you can sign anything
from petrol stations to building supplies to supermarkets. Where they
have done well in terms of the supermarkets, and they've
only done well because they've pointed out, basically in a
shocking set of circumstances that were going on that I
wasn't aware of at the time. And this came back
in the news yesterday because they filed charges in the
High Court against food Stuff's North Island from blocking rival.
These were anti competitive land covenants. I had no idea

(01:23:49):
that this was going on, and so I suppose in
that sense, good on them for digging that up. I
don't know you needed the Commerce Commission to do it.
You probably could have had the media do it, or
maybe even the government of the day do it. So
what they use to do as they buy a chunks
of land next door over the road whatever to their
current operations and they put a covenant on the land
that you couldn't ever build a supermarket there. Hence you
were stifling competition. Now that came to an end once

(01:24:11):
they got wind of that, they said, okay, maya culper
will no longer do that. What I hadn't realized is
the it needs to go to court. I don't know
why it needs to go to court. Someone can answer that.
So if you go along to these guys, and what
they're doing is they've negotiated as settlement. In other words,
they're going to have to write a check and they're
going to have to say sorry and we're not going
to do it again, which they've already done. And this

(01:24:32):
was done months ago. I mean, this isn't brain new news.
They'd agreed to this early on in the investigation said
we will not do it again. It's not acceptable behavior.
We apologize for it and stops now.

Speaker 6 (01:24:41):
So that was that.

Speaker 2 (01:24:42):
Then they started negotiating a deal, which they have done.
It was part of the Commerce Grocery Sector Covenant's Amendment
Act of twenty twenty two, which made certain grocery related
covenants prohibited and unenforceable. So that was sorted out legally speaking,
so you can't do it in future. So that was
all tidied up. Somebody writes it. Somebody that's all fine,
and for some reason beyond my comprehension needs to go

(01:25:04):
to court, and the court needs to go. Yes, that's
the deal. We accept that deal, and we rub a
stampet I assume so to the Commerce Commission's credit they
have in all their market studies, which as far as
I've worked out, achieved very very little petrol. Is you're
paying this patrol now because the Commers Commission came along.
Of course you're not. You're paying this perpetrol because the
oil is down anyway. In defense of the Commerce Commission,

(01:25:28):
at least in that area, they've made a tangible and
real difference. But but have your grocery prices gone down
as a result, Have a whole lot of people gone
on to that land set up a shop. You've got
way more competition as a result of that, and you're
paying less for your groceries. No, so a win, but
not a complete win. Nine away from nine.

Speaker 3 (01:25:47):
The breaks with Jaguars.

Speaker 2 (01:25:51):
We haven't talk this morning. We probably should have Done's
a big announcement yesterday. We alluded to it with Steve Price.
But Dunn's big announcement yesterday on these seven sites for
the nuclear options in Australia. What's perhaps more interesting than
the nuclear options in Australia is the possibility that he's
a political genius and he's turned his entire fortunes around.
The once unelectable Peter Dutton has turned his entire fortune around.

(01:26:13):
Albanese is in real trouble and he might have single handedly,
with a single issue, flip the election whenever that's to
be held on its head. But anyway, more with Murray
later on. I know Netflix and part of this ongoing
and fascinating evolving landscape that is streaming slash television, slash
Old World, slash New World opening up a couple of
entertainment venues in a couple of cities in America, experimental

(01:26:34):
or experiential complexes. They're called Netflix Houses. They'll have big
events themed to give shops, restaurants. Of course, because of America.
It's at the Dallas Galleria or what was the Dallas
Galleria and the King of Prussia Moor near Philadelphia, a
couple of places that went bust and so they're empty buildings,
big buildings at least one hundred thousand square feet set
to open next year. They're going to recreate some of
the stuff you see on Netflix, which is quite exciting.

(01:26:57):
So they're going to do with Disney, in other words,
what Disney did fifty sixty seventy eighty nine years ago
whenever they opened up Disney. Netflix are going to open
up their version of Disney. So they're going to make content,
i e. Television and movies, and you're going to be
invited along to Netflix house to experience things like the
Squid Game and stuff. Do you reckon? It's a winner,
they said. The big thing, the analysts say, the big
problem is getting people to come back once you've been once.

(01:27:20):
Unless it's brilliant, you're never coming back. And there's a
lot of investment in making that happen physically, of course,
as opposed to just making television programs five Away from nine.

Speaker 1 (01:27:27):
Trending now with Chemist Wells, keeping Kiwi's healthy all year round.

Speaker 2 (01:27:32):
Marjorie Taylor Greene, speaking at the Turning Point Action Conference
and bragging that she was in bold in helping organize
Jan six.

Speaker 20 (01:27:41):
Homers is where the real civil war in this country's starting.
They stole the election. They stole it as the press Georgia.
I knew Georgia voted for Don John Trump. I knew it,
and so I'm of some of my friends. I called

(01:28:01):
up Jiff Jordan, I called up Matt Gates, I called
up for others. And then I found out that as
a member of Congress, I can object to electoral college votes.
I called Senators and have them to object with us.
On January sixth. I worked diligently on.

Speaker 22 (01:28:18):
That, and I'm very proud of it.

Speaker 20 (01:28:21):
I'm proud that I objected the Joe Biden's electoral college
fight from January six.

Speaker 2 (01:28:26):
The problem with that is you might have the old
lawyer gain. Of course, certainly the Dems are now saying
that the Department of Justice DJ should be involved in.

Speaker 3 (01:28:36):
All of that.

Speaker 2 (01:28:37):
Looking forward to about how do you reckon? The debate's
gonna go? And it's only winters that June I want
to say's June twenty seven. I want to say twenty
seven for some particular reason. Twenty seven it is no
Mike's when you're not talking. So I don't know whether
it's going to be a bust up or but she's

(01:28:57):
it's gonna be worth watching, though, Is it gonna be
one of the high rating programs to the day. I
suspected as spec Tomorrow morning, Friday morning, already six am
for the Mic Hosking Breakfast. Look forward to your company,
It's always happy days.

Speaker 1 (01:29:14):
For more from the mic Asking Breakfast, listen live to
News Talks it' B from six am weekdays, or follow
the podcast on iHeartRadio

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