Full Show Podcast: 20 March 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
New Zealand's home for trusted news and views. Ryan Bridge
on the Mike Hosking Breakfast with al Vida, Retirement Communities, Life,
Your Way News, togs Head.

Speaker 2 (00:10):
Been good morning, it is Thursday, the twentieth of March.
Great to be with you, Michael Way. Today I'll explain
why in just a few moments GDP we're going to
get quarter four numbers out today for twenty twenty four
have we managed to drag ourselves kicking and screaming out
of the hole. Plus what's everyone doing with their mortgage rates?
Sam Ruth, the man of the moments, breaks the records,

(00:31):
but as he back to school today, we'll speak to him.
Joe McKennis in Rome and Rodnaldell in the UK News
of the World. In ninety seconds, Nnyaho's full force attacks
have continued, but now a un work has been killed
in the strikes.

Speaker 3 (00:47):
So your knops Colic has been killed in Gaza following
explosions in their bada. In my opinion, was not an accident.

Speaker 2 (01:02):
Yeah. Vocals there have been describing the re engagement from
Israel after the Seas five fell apart as constant.

Speaker 4 (01:08):
We continue to hear strikes or the night and a
few during the day, including.

Speaker 5 (01:15):
Random other random explosions during the day.

Speaker 4 (01:18):
So yes, it's been a tough couple of days.

Speaker 2 (01:22):
Right now, Trump and Zelensky are on the phone, something
Zolensky was quite keen for, because Putin attacked his energy
infrastructure overnight a couple of hospitals as well, just hours
after saying he wouldn't do that with Trump.

Speaker 6 (01:35):
Sure, wid you today there will be a cool, very
very short.

Speaker 7 (01:39):
Everything will happen after the cool.

Speaker 6 (01:41):
More information will be after the cool.

Speaker 2 (01:44):
Meanwhile, Trump's gone on Fox. He's doubling down on his
criticism on judges trying to block him by upholding the law.

Speaker 8 (01:51):
I don't know who the judge is, but he's radical, loved.
What do you do when you have a rogue judge?
The judge that we're talking about, he's you look at
his other rulings, I mean rulings unrelated but having to
do with me. He's a lunatic.

Speaker 2 (02:07):
So kes Darma still facing the heat in the house
over the welfare cut.

Speaker 6 (02:11):
We've made provision for hospices, we've made provisions for charities,
but we had to secure the economy. We had to
fill the twenty two billion bud black Hole, but they disgracefully.

Speaker 2 (02:21):
Are now this inquiry into the killer Lucy Letbee and
how she was able to murder and get away with
it fourteen babies dead will not be halted. This is
despite the latest appeal of the convictions.

Speaker 4 (02:34):
Perhaps principle and most obvious amongst the concessions made by
just about everyone is the acknowledgment that there was a
total failure of safeguarding at every level.

Speaker 2 (02:48):
Finally, this morning, the man that was announced dead by
a Bulgarian soccer team, while being very much alive, has
spoken out have you miss this? It was a bizarre
moment on field Bulgaria's first league. They held a few
minutes silence. All the players stood around one of Arda's players,

(03:09):
Petko Gangshev's's name, after they received some wrong information about
his death. Now Ganzeb has detailed what it was like
for him. He said he and his wife never miss
a game, but he was late coming home for the
game by about ten minutes. He said his phone started
blowing up as he was close to home, but he
doesn't pick it up while he's driving, of course, so

(03:29):
he gets home. His wife is in tears as the
team have wrung her to say, they'll be holding a
minute's silence. There he is pulling into the driveway. The
guy was not dead. While it was very stressful, he
did say he enjoyed the brandy that he bought himself
that night, more than he usually picked. They still haven't
explained in that story why they thought he was dead

(03:53):
and what kind of confirmation process was there to go through.

Speaker 9 (03:57):
Well, when Mike didn't gime in this winning, I assumed
he was dead.

Speaker 2 (04:00):
Now for those listening, you will be it's okay. Mike
is okay, but he's just unwell today. So I've been
given the last minute call up. It's posting, not hosking. Actually,
thank you, Glenn cryan Bridge better. Eleven minutes after six.
We've got some numbers out today from the Ministry of Justice.
So the number of people charged has increased in the

(04:21):
last year, which you won't be surprised to hear because
we have a change of government and they've got a
whole new agenda. Right. So the numbers are sixty seven thousand,
three hundred and ninety nine people were charged in twenty
twenty four. If you look at it on a per
ten thousand basis, which is a good way to compare.
We had it one hundred and forty three per ten thousand.
Now that is up on one hundred and thirty eight

(04:42):
for twenty twenty three, but it's actually still down. It
was one hundred and sixty four pre COVID. So yes,
we are charging more people, but we are not yet
back to pre COVID levels. It's a little bit like tourism.
And clearly if we've learned a lesson here, I think
we have. If you don't prosecute, climate doesn't just magically disappear,
it gets worse. So clearly there's a little bit of

(05:04):
work for our justice system to do there. Twelve minutes
after six, we'll have more on that after seven This
Morning News TALKSZB Greg Smith with the Money, Next.

Speaker 1 (05:14):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News TALKSB.

Speaker 2 (05:22):
Six or fourteen News Talk ZVB. Trump's just posted on
his Truth social platform He's had a call with Zelensky.
So obviously yesterday it was a call with Potin today
a call with Zelenski. He says, just got off the phone,
A very good telephone call with Zelenski. It lasted approximately
one hour much of the discussion was based on the
call that I made with Poutin to align both Russia

(05:43):
and Ukraine. He said he's going to get it his
officials to put out a proper statement later on. So
basically no real update other than he's agreed with Poutin
to a partial ceasefire that already hasn't happened. It's called
a past six. Greg Smith, Devon Fund Management or US

(06:05):
this morning. Great, good morning to you morning, Ryan. Now,
the current account deficit narrowing got to be a good thing. Yeah,
that's a good thing.

Speaker 10 (06:11):
And of course we're waiting those quarterly GDP numbers today.
So if you look at the current account deficit, that's
five point nine billion dollars in the December quarter, and
that's down four to seventy five million from September. So
a couple of tailwinds to the improvements there. So increased exports,
both of goods but also services.

Speaker 2 (06:29):
So you've got services exports.

Speaker 10 (06:30):
They are up by almost seven hundred million, and a
lot of this runs due to spending by overseas visitors.
That was some four hundred million that had increased by
so yeah, while the number of tourists coming into the
country isn't quite back at pre COVID levels. What they're
spending is and it's actually exceeded that. So you can
say inflation's helping a bit more, spending a bit more overseas.
But this is really positive. Also in terms of goods exports.

Speaker 2 (06:53):
That the quarterly.

Speaker 10 (06:54):
Deficit there that narrowed by one hundred million to one
point seven billion. Goods exports up by six hundred and
sixty nine million to eightien point four billion, and no surprise,
what's driving us. It's our egg re sector, so dairy's
doing well. Exports of milk, powder, butter and cheese also
meats driving that increase as well. On the other side, yeah,
we are still importing a lot of stuff, so that

(07:14):
increase by filling an eighty million as well to twenty
point one billion, but overall really encouraging Ryan. So it's
taken our annual current account deficit to twenty six point
four billion, and that's around six point two percent of GDP,
but still around seven hundred million down from where.

Speaker 2 (07:29):
It was in September.

Speaker 10 (07:30):
So we're still spending more than we am We've been
doing that for many, many years.

Speaker 2 (07:33):
But look, the train is our friend.

Speaker 10 (07:34):
In this case, and a lo of deficite means we
don't have to borrow as much, so that should.

Speaker 2 (07:38):
Alleviate some concerns around our debt rating. Now, gold it's
been having a bit of a moment over the last
week while it's hit a record US three thousand an ounce.
Also silver has been doing well. Silver has been doing
even better, and presumably this is all the volatility people
pile into the safer Yeah, that's right.

Speaker 10 (07:56):
So the precious metals are seen as safe haven, so
both against geopolitical tensions but also against inflation and uncertainties,
and we've got plenty of everything. They're abounding at the moment.
So you look at the geopolitical side and you talk
about Zelenskin and hopefully we are getting close to a
deal piece still in Ukraine, but we've got tensions going
on escalating in the Middle East. Was also got investors
worried about the economics slow down or see Trump's tariffs

(08:18):
and how that factors into inflation. So yes, has been
good for gold. That's been seen as a store of
value for centuries. You know, even though the use of
banded it as a gold standard back in the seventies.
There's also a notion that's a limited amount in the ground,
but also maybe a limit concerns about how much is
actually above the grounds. There's been all these conspiracy theories
about whether the gold and Fort Knox is actually there.

(08:39):
And Elon has raised us recently. He's pretty amazed that
there's not regular audits. And Trump said his confidence all there,
but he'd be pretty angry if it's not. And just
a fun fact also on that the US Treasury gold
they actually valued on their balance sheet at around forty
US and ounce. Now the prossims is three thousands. They
get a huge windfall if they revel that around about

(09:01):
eight hundred million dollars. The time will tell there. And yeah,
as you mentioned gold stealing all the limelight. But yeah,
silver's up seventeen percent this year. Thirty four bucks an
ounced has similar sorts of safe haven attributes rhyme, but
it also has much higher industrial uses. So when you
look at the energy transitions, it's around about twenty five
to fifty grams of silver in the every GV. So yeah,

(09:22):
that's where a lot of demand is coming from as well.
And also the physical market is also facing a bit
of stress amid what Trump is doing. The US imports
seventy percent of its silver from you yest It, Canada
and Mexico. So yeah, high host silver's.

Speaker 2 (09:37):
Fascinating, isn't it. Basically gold, silver, European shares. These are
the things you wanted to buy in twenty twenty five.
The Bank of Japan has decided to leave rates on hold.
They're just holding steady a bit of a weight and
see on the tariffs.

Speaker 10 (09:50):
Yeah, that's right. So I think it's going to be
a bit of a theme here. So we've got the
bit of the Banker of England to not We've got
the feed at around about seven am our time, so
Bankagevan's a little bit different. They've been increased rates at
their last meet. They're trying to sort of encourage inflation
rather than sort of stamp it out the battle with deflation.
But yeah, similar move in terms of that. They're leaving
things on hold for now. They want to see how

(10:11):
the tariff sort of front all plays out.

Speaker 2 (10:14):
I guess you know.

Speaker 10 (10:14):
The next big line the sand is the start of
April in terms of what Trump.

Speaker 2 (10:18):
Does with tariffs.

Speaker 10 (10:19):
But yeah, they are pretty confident that they are getting
back towards the two percent inflation target. There's been lots
of big pay rises put through by big Japanese firms
of late. But yeah, it's all about Japanese. I suppose
all about Trump's twert plans, and how I suppose that
affects the Japanese economy, which obviously is hugely export oriented
and it's notably Yeah, but the business move is so
out a little bit of late. So yeah, wait and

(10:42):
see approach and we'll see what the FED does you
know we're gonna hear from feature droome power in about
seven thirty our time when this conference starts.

Speaker 2 (10:49):
Brilliant, Greg, give us the numbers.

Speaker 10 (10:51):
Yeah, So the green in the US and diseasiirryon. So
the downs up point seven percent and P five hundred
up point eight percent. Now's deck up one percent, foots
one hundred flat in the UK. Nick I that was
down a quarter of percent, ASEX two hundred, down point
four percent, insedex fifty we were down point three percent
twelve zero four or five AR index.

Speaker 2 (11:10):
Come on.

Speaker 10 (11:10):
Alie's mentioned gold, that's up another couple of bucks, so
around record levels three thousand and thirty six and ounce
oil up twenty cents sixty seven spot eleven a barrel
for WTI. Just in the currencies, we're a down point
six percent against the US dollar, fifty seven point eight
q is, ninety one point four against Australian dollar and
forty four points six against the Bridge pound, so lower

(11:30):
in both cases and also touchedoft against the Japanese en
a six point seven. So yeah, stand by for the
FED and also those GDP numbers. You know, are we
going to be out of a technical receession?

Speaker 2 (11:40):
Well all will be revealed, all right, thanks so much
for that, Greg, good to hear from here. Greg Smith,
Devin Funds Management with us. This morning time is twenty
one minutes after six. We will talk to Michael Gordon
after seven about exactly that the quarter four GDP Are
we out of the hole yet? And after six thirty
we're going to talk to Joe McKenna out of Rome.
The Italians are looking at doing what the Germans has
done and boosts their defense spending, but they are debating

(12:02):
how much the coalition Maloney's coalition split on how much
they should spend. She'll break that down for us shortly.

Speaker 1 (12:09):
The Mike Asking Breakfast Full Show podcast on iHeartRadio. Now
it'd by News.

Speaker 2 (12:14):
Talksb US TALKSB. It is twenty four minutes after six.
So Caroline Leavitt, who's the press secretary for the White House,
she's come out and said a couple of things just
in the last few minutes. One is that Trump is
basically to thank for saving the astronauts from space it
was stuck up there for nine months. Details the call
with Putin, but doesn't say anything about the call with Zelenski.

(12:35):
I'm assuming she's done that because she Trump hasn't given
her any direction on it yet, so she can't really
say anything and get ahead of him. But here was
Trump yesterday on Fox. He was in a chat with
Fox talking about the call with Potin, and you know,
he made a big deal that he'd be able to
talk Potin around and get himself to a ceasefire with

(12:56):
some sort of thirty day six fire. He hasn't done that.
He talked to Big Game seated sanction them. Would you
do that?

Speaker 8 (13:02):
You have a lot of guns pointing at each other
and the cease fire without going a little bit further,
it would have been tough. Russia has the advantages, you know,
they have encircled about two five hundred soldiers. They're nicely
encircled and that's not good and we want to get
it over with.

Speaker 1 (13:20):
Trending now with kim stware House, the home of big
brand vitamins.

Speaker 2 (13:25):
Are you sick of Pedro Pascal?

Speaker 11 (13:27):
Yet?

Speaker 2 (13:27):
He's the ruggedly handsome guy from Hollywood that everyone keeps casting.
You aren't allowed to apparently be sick of this guy
because this Hollywood takeover continues. He's starring in a new
rom com called Materialists.

Speaker 10 (13:40):
Hey, are you single?

Speaker 9 (13:42):
I'm a matchmaker.

Speaker 6 (13:43):
Give me a call if you want to meet somebody.

Speaker 12 (13:46):
I deserve someone who fulfills all of my criteria, nothing
over twenty PM.

Speaker 9 (13:49):
I don't want someone who likes cats.

Speaker 1 (13:51):
I'm trying to settle.

Speaker 13 (13:53):
I promise you're going to marry the love of your life.

Speaker 5 (13:56):
Heske sweats.

Speaker 3 (13:58):
How many marriages are responsible for now?

Speaker 5 (14:00):
Lucy nine.

Speaker 2 (14:06):
Definitely didn't expect about it's you, Tony missed.

Speaker 9 (14:09):
Yeah, you don't even remember my.

Speaker 2 (14:11):
Face, Lucy and the Eternal Bachelora.

Speaker 4 (14:17):
You can do better than me.

Speaker 14 (14:18):
My instincts usually range, I'm gonna marry him, are you?

Speaker 15 (14:22):
Why not?

Speaker 2 (14:22):
Because he's a good look and rich.

Speaker 7 (14:24):
He probably doesn't have a me.

Speaker 2 (14:27):
Materialists and cinemas. Does anyone fall asleep when they hear
rom coms? Would I say, then when you see a
short for of rom coms, you fall asleep? Anyway, You've
got Dacota Johnson, you've got Pedro Pesco, and you've got
Chris Evans. It's in theaters June thirteenth. Go and see
it if you want to. Somebody says, where's Mike Teacher
only day? No, he the poor guy is sick, all right,

(14:48):
leave him alone. Twenty seven after six setting.

Speaker 1 (14:50):
The agenda and talking the big issues. Ryan Bridge on
the mic Hosking Breakfast with the range Rover, the la
designed to intrigue and use talk.

Speaker 2 (15:00):
Said, good morning, it is just gone twenty three minutes
away from seven. Great to have your company. I'm Ryan Bridge.
And for Mike this morning, if you're just joining us,
he is unwell, He'll be okay, but he's just done
well for this morning. Coming up on the show Simmy
and Brown after seven point thirty. Because the National Public
Health Service, this is within the Ministry of Health, within

(15:21):
health end zed are talking about a whole bunch of
weird stuff. For example, in Nelson, they said to a
group of people who wanted to hold some stalls, just
like a farmer's market. You need to think about the
environment before you do that. I mean, why is the
Ministry of Health in charge of this? How many people
are in this team? Anyway? Simmy and Brown quite fired

(15:44):
up about that. After seven, we're going to find out
about GDP today. How quickly are we getting out of
the whole? Are we getting out of the hole quickly?
Like Sam Ruth quickly? He's also on the show just
before eight. It's twenty two to seven watching the crackdown
on youth of spending has been reflected on paper this morning,

(16:06):
New Ministry of Justice that so a nineteen percent increase
in the number of young people receiving orders or adult
sentences last year. The figures appear to have returned to
pre COVID light levels, which may be common sense. Finally
prevailing blue Light CEO Brending confidence with me this morning, Brean,
A good morning, Good morning, ryme. Is this a good thing?

Speaker 11 (16:27):
Well?

Speaker 16 (16:28):
I think if we just unpack our the youth justice
system works. When a young person offends, they go to
a family group conference. At their conferences, the family, the offender,
hopefully the victim, and the kids. A lawyer and the
police Youth aid officer. So the police Youth Aide officer
is the critical part of this stuff in front of
you because they are essentially advocating for the community and

(16:49):
for the victim of what sentence that young person should get.
And so there's all those ranges you can see from
supers with activity, which is a community based problem that
we specialize in, right through to the suvilanion with residence
which's only a maximuth three months in their youth residence,
which is a youth prison. And so if you're getting
sixteen and seventeen year olds who have been right through
the youth justice system and then are continuing to offend,

(17:11):
especially at a high level like ram range, which we're
called aggravated robberies, the youthbviously has no choice but to
put them up to what we call the district court
where they can then get an adult sentence of imprisonment.
Really just to keep the community safe.

Speaker 2 (17:24):
Which is what's happening. And that's as you say, I mean,
you work with those who are at the lower end
of the spectrum, but for those who are repeatedly at
the other end, you've got to do something and clearly
they are.

Speaker 16 (17:36):
Yeah, and all the worldwide, the statistics show that most
young people offend will grow out of it their brain
the brain brain changes and you become out of it.
But there are that sort of five to ten percent,
which we call persistent youth offenders, who will offend well
into their adult life. And so regardless what programs we
deliver at the lower level, they'll just continue on with
their offending and so that's tense, end up in the

(17:59):
district court and end up with animal sentences.

Speaker 2 (18:01):
Which is what's happening. So for the when if people
say I know all that these people need, these young
people need is wrap around services upon wrap around services
upon wrap around services. Actually that for some kids you can't.
There's only so much wrapping you can do.

Speaker 16 (18:16):
Absolutely, and people talk about no, I've lived it for
twenty five years as former police officer and you've justice manager.
Is that often people to fault us out what it's
about the family and finner which need to support them. Well,
for many of our kids, the family funder are the problem.
They live in chaos, no criminality, drugs, violence, family violence,
and there's a period of time with their young people

(18:36):
and need ben need to be away from their family
to fix themselves, and at the same time you need
to work with the family. So there's two different things
happening at the same time.

Speaker 2 (18:43):
Yeah, Brandon, interesting stuff. Thanks so much for coming on
the show and for your analysis. Brendan Crompton is the
Blue Lights CEO twenty minutes away from seven on News
Talk set b I am everybody cats those numbers. It's
a nineteen percent increase in the number of young people
receiving orders or adult sentences last year. So that's kids
who are doing really bad stuff getting the adult service,
the adult sentences that a lot of people think they deserve. Now,

(19:08):
if you just heard the news this morning, and perhaps
you haven't yet, but the speedway, the Western Spring Speedway
in Auckland, there are three bids the councils looking at
for a new stadium there. One of them has come
from Animobra, Bill Foley, the Billionaire and Ali Williams. Now,
it's interesting how this all came out because it wasn't
meant to be public yesterday and Maurice Williamson came on

(19:32):
the Drive show yesterday to talk about it. He wasn't
actually allowed to talk about it to begin with, and
then Ali Williams and co go and talk about it publicly.
So then the embargo came off or whatever it was,
the blockade came off and everyone could start talking about
this potential for a twelve and a half thousand seat
stadium at Western Springs. So there you go. But Morris

(19:54):
Williamson was not particularly pleased with what he saw from
the billionaire and their submission. Have we got the audio there, Glenn,
let's have a listen to Marris Williamson.

Speaker 17 (20:05):
We didn't get enough of the numbers. Actually, one of
the things I was disappointed at the first presentation is
I want to know what we get that as ratepayers
and the council will get back.

Speaker 9 (20:14):
It was all very.

Speaker 17 (20:15):
Well to see lovely pictures of what it would look
like and how many people would be able to go there,
and what functions and features. I'm really a bit flinty
faced on this, and I want to know what's the
sum of money that we will get back into the
coffers to help take the burden off ratepayers.

Speaker 2 (20:29):
There you go, he says. The buildingaires came with the
nice you know art is impression of a stadium, but
not so much with the numbers. Thank you very much.
Eighteen away from seven at News Talk ZMB, we are
going to get to Rome as well. Of course, we've
got big a lot of stuff happening in Europe. They
are obviously wanting to up their defense spending, but a
lot of the country's economies aren't looking that flash. So

(20:51):
how much do you commit? That's the question for Maloney
and the Italians. And we'll cross to Rome next.

Speaker 1 (20:57):
The Mike Asking Breakfast full shown iHeartRadio powered by News Talk.

Speaker 9 (21:03):
Hip be.

Speaker 2 (21:05):
News Talks AB quarter to seven. So Trump's ceasefire talks
I haven't been as successful as you would have hoped that.
I guess at least people are talking. Carolyn Levett, who's
the White House Press Secretary, she's giving a briefing at
the moment. She's spoken about intelligence sharing.

Speaker 12 (21:19):
They reviewed the situation in Kirsk and agreed to share
information closely between their defense staffs. As the battlefield situation evolved,
President Zelenski asked for additional air defense systems to protect
his civilians, particularly Patriot missile systems, and President Trump agreed
to work with him to find what was available, particularly
in Europe.

Speaker 2 (21:39):
So he's had the call with pertin yesterday and this
morning as we were sleeping, it was the call with
Zelensky and they spoke. This is Trump and Zelensky about
the prospects of a six five.

Speaker 12 (21:48):
Two leaders also agreed on a partial ceasefire against energy.
Technical teams will meet in Saudi Arabia in the coming
days to discuss broadening the ceasefire to the Black Sea
on the way to a false They agreed this could
be the first step towards the full end of the
war in ensuring security.

Speaker 2 (22:05):
And yet overnight you've had Russian shelling hospitals and other infrastructure.
They said they wouldn't already. They also spoke about the
missing kids of Ukraine.

Speaker 12 (22:15):
President Trump also asked President Zelensky about the children who
had gone missing from Ukraine during the war, including the
ones that had been abducted, and President Trump promised to
work closely with both parties to help make sure those
children were returned home. They agreed all parties must continue
the effort to make US ease.

Speaker 18 (22:32):
Firework, international correspondence with ins and Eye Insurance, Peace of
mind for New Zealand business.

Speaker 2 (22:39):
Joe McKinnon is in Rome for US this morning. Joe,
good morning, Good morning, Ryan. Now, what's the latest with
the Pope houses help.

Speaker 13 (22:47):
Well, it's been a rocky ride, as we all know
for Pope Francis. He's been in hospital now for more
than a month. The Vatican says he's making slush improvements.
We're just waiting for an update, which should come through
in the next half an hour. But now there's a
lot of concern because, particularly because King Charles and Queen
Camilla have announced a state visit to Rome in April,

(23:08):
and they're saying they're ready to meet the Pope, but
the Vatican refuses to confirm a if that's happening, or
b whether the Pope will be out of hospital by then.

Speaker 2 (23:18):
Right. Meanwhile, we've got the defense talks continuing. This is
the bid to increase defense spending. Maloney there has backed
the plans, but the coalition not quite sure about how
much we should spend.

Speaker 13 (23:31):
Yeah, First of all, for the Italian Prime Minister Georgia Maloney,
it's a very difficult tightrope that she's walking. She wants
to be pro EU, she wants to be pro Ukraine,
but she also wants to protect her relationship with the
American President Donald Trump. She's been updating Parliament today ahead
of an EU summit where the leaders are going to

(23:52):
discuss Ukraine with support and plans to increase defense spending.
Italian defense spending now at one point five percent of GDP,
that split the coalition. Her Brothers of Italy party backs
the EU trying to raise that amount, while the League party,
run by her deputy Prime Minister Matteo Slovini, opposes it.
Now he says that money, any increase in spending on

(24:15):
or rearmaments, that money should be allocated to schools, hospitals
and pensions. And you can imagine that resonates quite well
with the Italian electorate.

Speaker 2 (24:24):
Yeah. Absolutely, it's the same problem that a lot of those,
a lot of your fellow European countries will be grappling with.
It's a very big bill to have to cover this
defense one. Now, what is the deal with these one
euro homes, Joe? Are they still on offer? And these beautiful,
quaint Italian towns they are.

Speaker 13 (24:42):
Indeed, I've visited quite a few of these one Euro
towns in Sicily and there's another one in Sardinia. But
this is a different proposal now coming from the northern
province of Trento, which is up in the Dolomite Mountains
right up on the Austrian border. They're off ring one
hundred thousand euros to people who want to live in

(25:03):
their deserted towns. They've identified around thirty three towns that
are running out of people and they want to encourage
even foreigners to move to these villages that have lost
their inhabitants. Now to get the money, you've got to
live there fourteen years or rent the property at a
moderate rate to someone who will live there. But for

(25:25):
people in New Zealand who love their mountains, I love
their skiing, this is certainly something worth considering. I would think.

Speaker 2 (25:31):
Yeah, I would have thought so too. I watched a
documentary on it just the other day, a YouTube. One's great, Joe.
I mean, it's a lot of work, though, it's a
lot of work.

Speaker 13 (25:39):
It's a lot of work if you take one of
those one euro houses and rip them apart, certainly, but
I've seen some great results with them all the same.

Speaker 2 (25:48):
Joe mckinner and Italy, thanks so much for your time
this morning, just gone ten away from seven year own news.
Talk to b when we come back. The biz and
also the deal potential deal between in New Zealand and India.
The numbers on this are pretty impressive of what could
happen if we opened up a link to direct link
to Mumbai ten away from seven.

Speaker 1 (26:08):
Ryan Bridge on the Mike Hosking breakfast with Bailey's real
estate NEWSTALGSD.

Speaker 2 (26:13):
Sleven away from seven. We'll look at the GDP after
seven this morning. This FPA train keeps on chugging. Not
that we haven't FTA out of India yet, but the
talks on the sidelines continue. Luxon is still there by
the way, so this one I can bring you news
of this morning. Air New Zealand and Air India have
announced they're basically talking to each other this about getting

(26:34):
a flight from Mumbai into New Zealand. Theur ism a
big priority obviously. Now last year we had eighty two
thousand Indians coming to New Zealand. They reckon if you
open up access, and that's basically flights and routes, you
can boost that up to five hundred thousand per year.

(26:55):
For some perspective, pre COVID we were getting about four
hundred thousand China, so that is not an insignificant number.
Long way, the talks continue, But I mean there's nothing
in here about an actual deal being done just yet.
Six away from seven well.

Speaker 1 (27:10):
The in and the ouse. It's the bearz with business
Timer take your business productivity to the next level.

Speaker 2 (27:18):
Here is a bit of business news that you can
actually use. If you're in the smaller towns of New
Zealand and you've been jealous of us in the big
cities being able to use Uber eats, have I got
news for you. Don't be jealous because all it does
is make you fat. But anyway, Uber Eats is expanding
not only our waistlines but also around the country. The
focus on hitting regional towns. Apparently, for the first time,

(27:39):
you'll be able to order your burger and chips on
the app and wait for it Wayuku, Huntley, Motsueka, Graymouth, Gore,
Mutta Mutter, Morrinsville, Thames and Kerry Carey. Hopefully in those
small towns you'll actually have something open to deliver to you.
I shouldn't laugh. Essentially, there's a new feature come into

(28:00):
Uber as well. They're also releasing by the end of
the month a feature on Uber for New Zealand's New
Zealanders called Eats for teens. Essentially, it's a kiddie lock
for uber. Parents will be able to set spending limits,
track deliveries, and get notifications anytime their teenager orders something,
so that they can monitor whether they're being healthy or not.

(28:21):
It's also suggested that parents will be able to set
limits as to what restaurants or fast food chains their
teams can order from. Probably won't stop a savvy teenager
from making a new account to bypass the whole thing.
I mean, they know more than anyone else, don't They.

Speaker 9 (28:36):
Are any word on whether they're coming to Wontaka or
you know.

Speaker 2 (28:41):
You'd hope so poor old Wonicah. Hey, speaking of Wantaca.
You know, it was not just the local sort of
green brigade that was against that McDonald's there, but it
was also our Ministry of Health at Health New Zealand
was saying don't build the McDonald's there. And they weren't
just saying that because Berger is a bad for your
health or whatever. They were also saying that because the environment.

(29:05):
What does the Ministry of Health, What does Health New
Zealand have to do with the environment.

Speaker 19 (29:10):
So I suppose if you trip over a discarded I
don't know, you know, giant frozen coke can or something.

Speaker 2 (29:19):
Then you could hurt yourself. That's an acc problem, that's
not a health end zed problem. So anyway, the Minister,
Simon Brown, he has quite worked up about this morning.
I worked up about this and he's worked up in
particular about the team of people. And you can just
picture them beavering away there in Wellington. I'll hit their
pens out and laptops out. Who can we hit next?

(29:40):
He's heading back after seven thirty.

Speaker 1 (29:42):
The Breakfast Show, Kiwi's Trust to stay in the now.
Brian Bridge on the mic, asking breakfast with Bailey's real
estate altogether better across residential, commercial and rural news togsad be.

Speaker 2 (29:55):
Good morning at a seven after seven. Mike is not
with us this morning. He is ill, but I am
here so do not fear he's fine. He's not dead
or anything. He's just not here today. Right. There is
hope the economy bounced back to life in the December quarter.
We're getting numbers today. GEDDP figures will be revealed this morning.
Most economists are picking growth, albeit not much. It's pretty slim.

(30:17):
Most projections between point three point five. Westpac is sitting
at the point t more optimistic end. Senior economist Michael
Gordon is with me this morning. Michael, good morning, Michael,
good morning.

Speaker 20 (30:30):
Hey, good morning.

Speaker 2 (30:31):
So why a bit more optimism from you.

Speaker 20 (30:36):
I wouldn't really call it optimism, but I think there's
within the range of forecasts. It's sort of at the
upper end. But I think the number that we're going
to see today there's potential for it to be boosted
by some technical issues. It's a little tricky to explain,
but there I think there's been ongoing issues. Is kind
of understanding the pattern of growth throughout the year. Some

(30:57):
changes that Statsney Zealand did last time, I think to
not to my mind of probably not helped with understanding that.
I think if you go through sector by sector, what
it looks to me is probably more like flat for
the quarter. There have been some signs of things turning,
but it's probably been more in early twenty five than
in late twenty four.

Speaker 2 (31:16):
And whatever that number is, I mean, let's hope that
it's obviously positive. But whatever the number is, it's going
to be led by, isn't it primary exporters doing the
heavy lifting?

Speaker 20 (31:27):
Yeah, certainly we've had some good conditions for exporters strong
milk collections really this season, and some pretty decent prices
for dairy and milk. I mean, good prices don't go
directly into GDP, but it turns into farmers income, that
turns into spending in the regions and so on. So
that's certainly a helpful factor. We're tending to see the

(31:48):
more I guess, the more sectors that are focused on
the local markets still struggling, and especially things like construction
still really and is quite a steep downturn.

Speaker 2 (31:58):
Looking ahead, I mean looking at Order one twenty twenty five,
and I know we're about to look backwards today, but
looking ahead, you had that confidence survey yesterday. I think
you know, Key is feeling a bit jetterary. Is that
going to impact spending? Does this delay the recovery?

Speaker 9 (32:14):
Yes?

Speaker 20 (32:14):
Certainly interesting that that kievy consumers are you know, focused
on things like the global uncertainty, given that it hasn't
so directly touched us yet, there's always the risk that
we get something much more tangible when Trump comes out
with his beautiful tariffs on April seconds. But it's something

(32:34):
that's playing on people's minds. While we are seeing some
pick up in the actual spending numbers. It's been pretty gradual.
People are still waiting to feel the relief from lower
interest rates in many cases as well.

Speaker 2 (32:44):
Yeah, and a little bit spoke by what's happening over
in the White House. Michael, Thank you for that. Michael Gordon,
who's THEES senior economist with Wes Pack this morning, we'll
have the number here on News Talk News Talks. Heb
for you later on this morning. This is a JEDDP
for fourth quarter last year, finally after how long. I mean,
you look at those numbers yesterday on consumer confidence and

(33:05):
honestly it's a bit depressing because for the last basically
the last twenty years pre COVID, we were in the positive.
We were feeling good. There was a blip during the GFC,
but then the last five years, basically since twenty twenty
one ish twenty twenty twenty twenty one, we have been negative.
Our confidence has been negative, and we were within three

(33:26):
points of getting back to positive and we've slid again
thanks to well bit afair about Trump and his tariffs.
It's ten after seven bridge. See while now core Logic
is sensing an incoming rates war interest rates that it
is with signs that borrowers are starting to check out
the two year, the three year, the fixed term deals again,
people going a bit long. In January, ninety percent of

(33:48):
borrow has chose floating or fixed rates of six to
twelve months. But that is all about to change. David
Cunningham from Squirrel Mortgage Brokers is with me, David, good morning,
Hi Ran, So are you what sort of here is
are you getting at the moment? What are you hearing? Oh?

Speaker 15 (34:04):
Look, it's thingsul change dramatically since pre Christmas and you've
had this march down in the ocr and people were
just holding back waiting for the OCA announcement reduction to come,
and then as soon as that happens, they jump into
a short term fixtraate And that's been going on really
for the best part of a year, where everyone's been
in short term rates on the expectation that the OCO
would come done. So it's come down a fair better

(34:26):
readio and there's a couple of more cuts definitely to
come based on what the Reserve Bank said to us.
So what was sort of seen is I wouldn't say, actually,
I think NR in terms of a mortgage war. I
think what we saw is you know, pre Christmas we
were sort of calling out the squirrel. We were calling
a four ninety nine rate earlier in the new year,
and the skinners that have got underway with Westpac going

(34:46):
to four ninety nine with a three year term, then
they pulled it a couple of weeks later, and then
I think AMZ the same day to the four nineteen
nine for two year, and essentially every bank has come
to that level pretty much. Look, we could see the
one year right ago, but but I actually don't think
there's a war coming. I think, you know, we've sort
of past this threshold and banks that are now just

(35:07):
going to sort of hove around that level.

Speaker 2 (35:08):
So do you reckon people should like? I mean, it's
not going to get much better than four point ninety nine.
And I guess the other thing is, what you know,
do you really want to sit here and for how
long trying to pick the bottom of the market, right? Yeah?

Speaker 15 (35:19):
Yeah, yeah, Well look what we've seen is like almost
you know, the bulk of customers are now taking four
ninety nine for two years. I mean I just adapt,
Well then then money where your mouth is? Yeah, So
you know, i'd i'd been on set of six months
rights the last you know, a year or two or
something like that, just waiting for waiting, waiting, waiting, waiting
and happened. And you know, when you look back over

(35:42):
history and you can look through from two thousand and
ten to sort of two thousand, you know, to pre COVID,
you know, interest rates one two year terms, we're in
that four to five percent range for that whole time
almost so you know, unless the economy tanks further, which
Michael just said that it's you know, probably looking a
bit better, even if consumers are still gloomy, you know,

(36:04):
you're probably going to be in that range, but more
likely the middle of the range for so one year term.
You know, so it could be a bit lie, but
you know what we you know, scrolls views for night
times and damn good Rain, you too for it.

Speaker 2 (36:17):
David Cunningham Squirrel mortgage brokers to squirrel with us this morning,
just gone thirteen, after seven news talks. Here'b will go
back to the White House because Caroline Levitt's press conference continues.
This is a Trump's press secretary. She's very good, She's
not be very in charge of the business anyway, She's
continuing to be the loyal to Trump talking about the

(36:39):
so called activist judge that Trump is rallying against. But
she might not have quite got which is unusual for her,
but may not quite have got all of her facts right.
Have a listen.

Speaker 12 (36:48):
This judge, Judge Bosburg, is a Democrat activist. He was
appointed by Barack Obama. His wife has donated more than
ten thousand dollars to Democrats, and he is consistent shown
his disdain for this president and his policies.

Speaker 14 (37:03):
And it's unacceptable.

Speaker 16 (37:04):
Rare.

Speaker 14 (37:04):
I wanted to go about the idea of these people
are a four terrorists, but jose Bodberg was originally appointed
by Georgia W.

Speaker 18 (37:10):
Bush and then.

Speaker 14 (37:11):
Elevated by Barack Obama.

Speaker 11 (37:12):
It's just feel like I.

Speaker 9 (37:13):
Should clear that up.

Speaker 12 (37:14):
Well, let me just say something to that effect, Garrett.
Sixty seven percent of all of the injunctions in this
century have come against which President Donald J.

Speaker 21 (37:23):
Trump.

Speaker 2 (37:24):
So there you go. Caroline Nevitt from the White House,
just gone fourteen to after seven news talks, hebbs still
to come. New news from the Ministry of Education this morning,
and it's upsetting, surprise, surprise, the Principles Federation. It's all
about the tests that our kids are taking at primary
and intermediate schools. I'll tell you about that next.

Speaker 1 (37:43):
The like Asking Breakfast Full Show podcast on iHeartRadio, Power
by News Talks EDB.

Speaker 2 (37:49):
News TALKSB. It is seventeen minutes after seven. Great to
have your company. Now, this is just happening this morning.
Aaron Z's reporting that the government has apparently blindsided primary
princes by going to market for a test. So the
government has already announced on everybody knows this that if
you're at primary or intermediate school there will be two tests,

(38:10):
or they want there to be two tests every year
for children in reading, writing and maths. Now the government's
announced that they have put out to tender for these
tests two tests per year primary and intermediate years three
to ten. Put out a tender and this is upset
the Principals Federation. I mean, why you would be surprised
by that? I have no idea, but anyway, Leanne or

(38:33):
Tenny is the federation president. She says the call for
proposals was a total surprise and contrary to what it
had been told. Quite why they need to be told
everything about you know everything? I don't know, but she
said she's worried that the new test could be developed
by a foreign company with no knowledge of New Zealand

(38:53):
schools or culture. But the tests, remember are for reading writing,
and which I assumed would have been quite universal. Eighteen
after seven. Now over in Wellington. We love to hate
on Wellington. And I can say this because it's like
Billy T doing his stuff. I'm from Wellington, so I

(39:14):
can say this about Wellington. But there's a disturbance happening
with their new cycle way, which is already disturbing to
begin with, but the people who are using it, the
actual cyclists, are starting to complain about the new cycle
way because and one of them actually says, there's a
lot of talk about cyclists wanting to be separated from cars.

(39:36):
I want to be separated from oncoming cyclists, so they're
actually going towards one another. There's no white or yellow
lines in the middle of the cycle way, and apparently
feeling quite vulnerable on the old bike. And this project,
by the way, fifty five million dollars, So good luck
to you. Nineteen after seven News Talk SEVB. I'll give

(39:58):
you an update on the Putin Trump and then Trump.
Zelensky calls next.

Speaker 1 (40:06):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, Power
By News talksp.

Speaker 2 (40:15):
The key we dream. Many would argue and agree that
owning your own home is a massive part of it.
SBS Bank has been helping Kiwi has achieve that dream
for one hundred and fifty five years. Turns out they're
quite good at this. That've been judged Canstar's Best Bank
for First home Buyers twenty twenty two, twenty three and
twenty four. Looking to buy your first home or have

(40:36):
your first home buyers in your life, whether it's your
kids or grandkids, SBS bank should be the first port
of call for you. What makes them so good it's
their product, SBS First Home Combo, which I must say
has some impressive inclusions like a heavily discounted interest rate,
cash back offer, contribution towards SBS Insurance, home policies, and

(40:56):
money back into an SBS Wealth Keiwi saver. That's a
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need to know about SBS Bank's terms, fees and charges.
Go to their website ready to follow those awards to
a great home loan search, SBS Bank, the bank with
the heart, or talk to your mortgage broker today.

Speaker 1 (41:19):
Rayan Bridge.

Speaker 2 (41:20):
It is twenty three minutes after seven year old news
talk sat B. No such thing as a ceasefire this morning. Unfortunately,
it's all breaking down in the Middle East. Israel is
coming out with more fighting talk, the rockets are back on.
And as for Ukraine, Trump hasn't exactly cloaked himself in
glory with this so called deal. And I say so
called deal because it hasn't actually held yet. First it

(41:44):
was only partial, no full cease fire like Zelensky had
agreed to. Second, it covered energy and infrastructure, a thirty
day pause for them. But already the Russians have fired
at energy facilities, They've already fired at Rhodes, They've already
taken on two hospitals. Now, if you go and have
a look at the redoubt. From the call between Trump

(42:06):
and Putin, it says Putin gave the order immediately, gave
the order to his top brass to stop the firing. Right, So,
either the military is going rogue and firing anyway, or
Putin's up to his old tricks. Actually, both of those
things could be happening at the same time. How with
Russia they could both be true, right, But either way,

(42:27):
for Trump, the big game he talks, the art of
the deal has just hit a Kremlin wall in Trump's
favor reputation wise. Is at least people are talking about peace. Right,
We've just had three years of war. Whenever you get
a world leader meeting, it's talk about more and more

(42:47):
and more more war, a ceasefire and armistice, a peace,
steel whatever. These things require action, the act of putting
down your weapons, a truce, if you will, But that
at first needs talks, and at least Trump can argue

(43:08):
at least the phones are ringing. Twenty five minutes after
seven News Talk said be somebody said, Ryan, can you
please tap the pen against the desk a little louder
and better? Obviously there's somebody who's quite psychastic up there.
I'm annoying this morning. I apologize. I didn't know I
did it, Glenn. Do you hear it?

Speaker 19 (43:27):
M Yeah, I can't say that now that, now that
it's been brought up, I can't unhear it, of course.

Speaker 2 (43:32):
Yeah.

Speaker 19 (43:33):
So I guess people are just missing the way that
Mike prefers to just thump the desk he and bounce
it up and down.

Speaker 9 (43:39):
They seem to love that.

Speaker 2 (43:40):
Oh, hang on, let me give it a try.

Speaker 9 (43:43):
Yeah yeah, yeah, yeah yeah of that.

Speaker 19 (43:46):
And also when you're done with a piece of paper,
if you can just audibly screw it up, yeah, and then.

Speaker 9 (43:51):
Throw it in the event.

Speaker 2 (43:53):
I do do that, but that's because there's a bin
in here that you can throw it into, which is
quite handy. Lots of text coming in on other important
things too. This is on uber Eats, which is apparently
not that important, but apparently expanding into the regions. This
is a report from Morinsville, Ryan. Nothing is open late
enough here to order Uber Eats or bother ordering Uber

(44:15):
eats at dinner time. Anyway, Ryan. Parents need to teach
their children and probably themselves, how to cook, rather than
use an app to make them poor, lazy and unhealthy.
Says Simon the Uber Eats grinch this morning. It's true, though,
when it comes straight to your door, you don't even
have to look a delivery driver in the eye to

(44:37):
the shame that you bring to your house. It just
drops it on the front porch and it goes.

Speaker 9 (44:43):
I know somebody who ordered a milkshake on Uber Eats.

Speaker 2 (44:47):
Not just one milkshake. Well I've done that. I know
it's so extravagant, but god it's good and no shame,
you don't feel the shame. News Talks, sa'd be We're
going to talk to someone who probably doesn't have too
many milkshakes, Sam Ruth, who's broken a world record.

Speaker 1 (45:06):
Next your source of freaking news, challenging a villion and
honors backs Bryan Bridge on the my casking Breakfast with Vida,
Retirement Communities, Life Your Way, News Talks.

Speaker 2 (45:21):
D B twenty three away from eight on news Talk
said b Sam Ruth is the man of the moment,
well the young man at the moment. He's only fifteen,
but he has just broken the four minute mile record
in New Zealand. Well in the world, but he's done
it in New Zealand. He's with us before eight o'clock
this morning for a bit of an update on how
it felt, who got him there, who's supporting him, and

(45:44):
what he did to celebrate. He's on the show before
eight this morning. This business in Hawk's Bay of inz
post so there were some post boxes. You might have
seen this in the news yesterday. Postboxes out there in
Hawk's Bay. People were putting letters in them and items
and then thinking that they were going to be collected
by the post is and then taken and delivered. Actually, no,

(46:05):
these were decommissioned, for want of a better term, decommissioned
postboxes sitting on the side of the road. People are
putting their letters and their pen pals and I don't
know what people write putting them in there, and they
were just sitting there. Now. The union came out yesterday
very upset about this, the post Workers Union saying, for
good AND's sakes, you know, nzy post is just running

(46:27):
the whole thing into the ground. This is a shambles.
One of them hadn't been emptied for nine months. One
woman put her free bowel screening test in there. That
is terrible because you know, you're for a.

Speaker 19 (46:40):
Number of reasons, for a number of reasons.

Speaker 2 (46:44):
But yeah, I didn't think that once it's quite through.
But that's bad. You know, that's somebody waiting on some
important results. But also equally, if no one notices that
a postbox hasn't been emptied for nine months, does that
not prove that it shouldn't be there in the first place.
Two away from eight. You're on news TALKSIB this morning.

(47:13):
National public health servances have been firing shots at the government.
Bit a tip for tat going on here. They're being
accused of overreach and trying to suppress the expertise of officials.
The health ministers having none of this, he says that
they should. This is the health officials focus on the basics.
No more anti car, anti stallholder, anti wonnaker, McDonald's submission, nonsense.

(47:35):
Simeon Brown is with me now, minister, good morning, good morning.
What sort of carry on do you want to see? God,
do you want to see them stop talking about the
environment to stallholders in Nelson.

Speaker 22 (47:46):
I'd love them to start focusing on our immunization targets
which are woefully behind, and stop trying to be the
health police and telling stallholders and Nelson they've got a
plot up signs saying bring your own cups. You know,
stop it. Trying to campaign against McDonald's stores in Wanaca.
That's not what the National Public Health Service should be

(48:06):
focused on. They should be focused on the expertise. We're
getting our immunization rates up for our children and doing
that job rather than being being campaigners on issues where
actually that's not their job.

Speaker 2 (48:18):
Go and join Greenpeace.

Speaker 20 (48:21):
Absolutely.

Speaker 22 (48:21):
I mean the reality here is their job is to
focus on immunization targets. They to have a promotional and
educational role around a range of other issues. But their
job is not to be making submissions on public policy
matters and making and campaigning against shops which people have
to go and need. I mean, I want them being

(48:42):
the health service, not the health police.

Speaker 2 (48:44):
The thing is, though they would argue that this is
part of their job, that health. I mean they use
the World Health Organization's definition of health, which is a
state of complete physical, mental, and social well being and
not merely the absence of disease or infirmity, saying to them,
ignore the w h O definition, this is outside of
your remit.

Speaker 22 (49:05):
No, what I'm saying is focus on your k missing,
which is make sure that our immunization wrapped up for
our children, which are significantly under the last government.

Speaker 20 (49:13):
One of the key roles of the.

Speaker 22 (49:14):
National public Health Service. It should be immunization of our children.
They should focus on that and stop sharing. There is
another thing I read from a submission they made to
Nelson City Council was that Nowton City council should should
ban banned community groups from selling raffle tickets because that
might encourage gambling. I mean, this is just absolutely ridiculous.

Speaker 2 (49:37):
Fair enough, it's mad. But you're the Health Minister now,
I mean, how many people are on this team writing
this stuff? Why don't they Why don't you just get
them all fired?

Speaker 22 (49:46):
Well, I'm asking them if I'm asking howth focus for
the basics? Do you expect Well, I'm not. Health Museum
is going through a process to find efficiencies in their
back office. They're doing that in this team, and and
this is one of the teams that has been being
looked at. But what I would say is, I mean
those are ultimately operational matters for healthy I'm being very

(50:06):
clear at my expectations as to what this team should
be focused on, and that is, let's get our immunization
rates back up. Let's not go out there and wage
war against council policies and people's choices around what they eat.

Speaker 2 (50:20):
All right, minister, thanks for your time, Simmy and Brown
the Health Minister eighteen minutes away from eight Ryan Bridge.

Speaker 20 (50:26):
Yeah.

Speaker 2 (50:26):
I reckon that the Health New Zealand won't be the
only place where if you're in a corporate role, if
you're in a role that's not frontline, the acts is
coming and it's going to fall at budget time. Nicola
Willis has got a look in her own she's sort
of looked like she's been sharpening something very sharp and
is going to make some pretty serious cuts, I think.
And she has to because, as she said the other day,

(50:48):
if you listen to Nicola Willis, she's laying it out
quite clearly. Ahead of the budget. She has said very clearly,
our borrowing costs are going to go up. You know,
obviously we borrowed a ton of money during COVID. We
have to service that debt. The debt servicing is now
more than what we spend on primary and secondary schools
and the Ministry of Justice, and that cost is going

(51:09):
to go up because of Trump and because of tarism,
because of uncertainty. Right, So, when you're putting a budget together,
you've got expensive debt servicing, plus you've got the potential
for you know, economic turmoil and that would mean less
tax take and you've got increased costs, and you've got
your defense you need to pay for. So it starts
to look very very difficult and the way to get

(51:31):
out of a difficult situation is with a knife, and
Nikola Willis is going to be doing a bit of
that seventeen away from eight News Talk ZB. Coming up
before the top of the aarble'll get to Sam Ruth,
who is the man of the moment. The key we
run are fifteen years old has just broken the world
sub one mile for under four minutes.

Speaker 1 (51:51):
The Mike Hosking Breakfast, a full show podcast on iHeartRadio
power by News Talks.

Speaker 21 (51:57):
A b.

Speaker 2 (51:58):
Fourteen away from eight News Talk ZI be Jerome pal
this is the fed over in the US. I've left
the since the interest right unchanged just in the last hour,
but Drome Pale has spoken about what he thinks will
happen with inflation after the feed left the right unchanged.

Speaker 14 (52:16):
Have lesten If you look in the survey world, if
you look a little further out, you really you really
don't see much in the way of an increase longer
term inflections. Inflation expectations are mostly well anchored. If you
look at the New York for example, then you have
market based and it's the same pattern. You know, people
in markets are pricing in in break evens, some higher

(52:40):
inflation over the next year must be related to tariffs,
we know from the surveys. But if you look out
five years or the five year five year forward, you'll
see that break events have are either flat or actually
slightly down in the case of.

Speaker 2 (52:54):
The longer term on Drome Pal from the feed leaving
the right unchanged. This morning, just going thirteen away from
eight after eight o'clock, we're going to go to Chatham
House care Giles is going to break down the situation, well,
the evolving situation worth Trump and his chat with Putin
and then his chat was Zelenski and can they all
actually agree on something? And if they can agree on something,

(53:16):
what exactly have they agreed to? Interesting story from Doc yesterday,
actually two quick little bits of nature related stories. One
from Doc saying that dogs are killing Kiwi. They put
up some brutal pictures so you don't want to look
at them. You know, if you're patriotical you like birds.
They're pretty horrendous. Anyway, four of the birds died in

(53:38):
just three days between the sixth and the eighth of March.
This is up north. This is in fun at a
da Bay on the Peninsula January. They reckon dog attacks
have killed potentially up to nine kiwi, which is not great.
Now are they wild dogs, you know, just rhaming dogs

(53:59):
or are they meant to be on a leash? Not
quite sure at this state.

Speaker 9 (54:03):
But worry. I didn't even think we had nine kiwi.

Speaker 2 (54:06):
We do? We have about hundreds? Oh yeah, what do
you think they're that endangered?

Speaker 9 (54:11):
Well, I've never seen one.

Speaker 11 (54:13):
Never.

Speaker 2 (54:13):
They come out at night, don't they do? You go?

Speaker 9 (54:16):
It's a good point. Actually I don't go out it.
I'm too busy ordering milkshakes.

Speaker 2 (54:20):
On uber eats exactly. Actually, we've got some funny tecks
about the uber eat situation. I'll get to those in
a second. But anyway, if you've got a dog and
you take it for a walk, just put it on
a leak because it'll kill a kiwi. And we haven't
got many left. As Glenn points out, Ryan, I love
uber Eats. I get deliveries that I don't even order,
so this must be common, because we've had a couple
of ticks about this this morning. This is from Jeff.

(54:41):
I didn't order it, but I live in an apartment
block and obviously the neighbors have and the delivery drivers
just come and dump it and there's no apparently no
specific address, so Jeff takes it. Jeff, I think that's
cooled theft Ryan. When my son was at Victoria University
in Wellington, one of his mates ordered Uber Eats from
a takeaway next door to his flat. Go figure, says

(55:03):
John nineteen nineteen. The number detext just gone eleven away
from eight. Sam Ruth is next.

Speaker 1 (55:10):
Brian Bridge on the Mike hosting breakfast with al Vida
Retirement Communities News Talks had been.

Speaker 2 (55:16):
Just gone eight to eight. If you haven't heard the
name Sam Ruth, you have now. The fifteen year old
running sensation from Todong has just become the youngest person
in the world to run a sub four minute mile.
It all went down last night in the rain on
Mount Smart Stadium's number two ground, sneaking in with a
time of three fifty eight thirty five. Have a listen here,

(55:36):
come Sam Ruth onto the shoulder. Now to fifteen year
old Can he be the youngest in the world to
set this magic mark?

Speaker 5 (55:46):
The crowd rules them down the home straight Eric Toomedia
Mount Smart Stadium, Sam Tanna's smiling Sam roads right down.

Speaker 2 (55:57):
He did it and he's with us. Now, Sam, how
are you hey?

Speaker 7 (56:00):
I'm actually really good, really happy at the moment.

Speaker 2 (56:04):
Why is that wouldn't have anything to do with the
race yesterday?

Speaker 7 (56:10):
Yeah? Yes, from the ras there.

Speaker 2 (56:15):
Tell me how you're feeling and what you did to
celebrate last night.

Speaker 7 (56:21):
I felt amazing when I cross the line to have
all my mates, then all my family supporting me, and
then it's pretty late, so our celebration was just a
drive through burg King.

Speaker 2 (56:36):
Was How good was that Burger King? Ah?

Speaker 7 (56:39):
So good? Like bits Burger King of my life, I'd
say so.

Speaker 2 (56:43):
Three minutes, fifty eight second, thirty five split. Fantastic result,
but it was raining. Tell us about the conditions, how
hard it was to actually get this done.

Speaker 7 (56:53):
Oh well, a couple of hours before the race was
hammering down and I was getting a bit scared. I
was like, oh, hopefully it eases up a bit before
the race because I'm like staying on the top of
a hotel right now too. So it was real windy
where I was, and I was like, oh, no, this
isn't going to be good. And then about fifteen minutes
before the race, like all the rain cleared, like the

(57:15):
clouds went away, and then I wasn't windy at all,
so really cleared up.

Speaker 2 (57:21):
So is the wind the bigger problem than the rain.

Speaker 7 (57:24):
Yeah, wind's definitely a bigger problem than the rain because
rain doesn't really fit you, but one definitely slows you
down a bit.

Speaker 2 (57:31):
You had your pacer there, Sam Tanner, who's the Olympian
who everybody knows and loves. He's your training buddy. But
you're giving him a bit of a run for his money, now,
aren't you.

Speaker 7 (57:42):
He's got me in any race, to be fair, he
was just it was just cruising that race. He could
have done much harder, Like straight after the race finished,
he just started doing a fishing. Lovely to have such
a good training partner though, like best miler in New Zealand,
pacing me couldn't be much better.

Speaker 2 (58:01):
What's happening with school today, Sam.

Speaker 7 (58:04):
I'm actually not going to school to Dale. I'll go
to school tomorrow. I'm just going to drive back to
town today.

Speaker 2 (58:11):
So you stayed in Augland last night, but you're driving
back to Tagan today. I think you can have the
day of school, Sam, Tell me about your Tell me
about your dream. What's your dream?

Speaker 7 (58:24):
I don't really think too far into the future, so
my dreams always just just relatively sure into the future.
But at the moment it's probably the one Arcadia. So
that's on the twelfth of April, and that's that's a
big grace in America. So I love to win that.

Speaker 2 (58:41):
Do you feel like there's enough of a community. I mean,
you mentioned Sam, but is there enough of a community?
Is there enough support for you to go all the
way with us?

Speaker 13 (58:51):
Yeah?

Speaker 7 (58:51):
Yeah, totally, so much support, Like am I community in
my community, in my training group, Sampan and hat and
water both on it. So it really just guided the
pathway for me.

Speaker 20 (59:03):
Well, I got to do the work.

Speaker 2 (59:05):
Well, keep doing the business. Sam, Sam Ruth Keebi runner.
He has just set a record. Well, he's created a
new one. I suppose sneaking in with a time of
three minutes, fifty eight and thirty five split. It's just
gone four minutes away from eight. Coming up. After eight o'clock,
we'll get the latest because there's a bit of phone
tag going on between Trump and Zolenski and Pout. No

(59:26):
conference call yet, we'll break it down after news news talk.

Speaker 1 (59:32):
So he's to get there, then let's be him.

Speaker 2 (59:36):
We can dance. We can dance on that.

Speaker 1 (59:40):
The news and the news makers. Ryan Bridge on the
mic Husking breakfast with the range Rover vi La designed
to intrigue and use togs dead b.

Speaker 2 (01:00:03):
That's why.

Speaker 9 (01:00:16):
There it is.

Speaker 2 (01:00:17):
Sorry seven minutes. Oat D eight News Talk said, be
great to have your company this morning. We are going
to talk war in just a second. Also, I'm going
to run you through the Greens call to defund the
police in New Zealand. Lord help us. And also we'll
take a look at that confidence survey from Wistpact from yesterday.
Some really interesting numbers about the regions right now, though

(01:00:39):
we are talking of war. In the last forty eight hours,
we had the news of Russia agreeing to a partial
cease fire. Basically they said we won't attack any energy infrastructure,
and then within hours we had Russia launching drone strikes
on said energy infrastructure and two hospitals. Now Trump and
Zelenski have spoken this morning. We're two from here. Kirk

(01:01:02):
Giles is a senior expert on Russia at Brittan's prestigious
Chatham House and he's with me now. Good morning, Hello,
good morning. So what do we know about this Trump
and Zelensky call?

Speaker 21 (01:01:13):
Well, the problem is we don't know very much about
what has really been discussed in any of these calls.
You've got this shuttle diplomacy, these three way phone calls,
and you get readouts from them that are very different
depending on who you're listening to, even Trump's and Putin's call.
If you read what to the White House is saying
in English and what the Kremlin is saying in Russian,
it's as though it was about two totally separate conversations.

(01:01:33):
And of course, bearing in mind, neither of those is
a particularly reliable source at the moment, but it's plain
they're treating this in two different ways. And then on
top of that, you've got whatever Trump has briefed to
Zelenski or demanded from him in this most recent conversation.
So all of this is really happening behind closed doors,
and we can only really guess what has been agreed
from what is visible on the outside. There doesn't seem

(01:01:56):
to have been an agreement on even a partial ceasefire
that a lot of media seem to have assumed is
the case after that first White House readout saying that yes,
this has been agreed, and that's partly because, of course,
it's given Russia an opportunity, as everybody expected it would
to demand more in order to stop the war. So
the real question is how much is the United States

(01:02:17):
going to give Russia this time.

Speaker 2 (01:02:19):
And how Why isn't Trump playing hardball with Potent like
he did with Zelenski.

Speaker 21 (01:02:25):
Well, that's a consistent pattern. This is a ceasefire into
which Ukraine has been coerced and Russia has been invited.
But that goes along with Trump policy all the way,
not just to this time around, but also in his
first term in office. At every possible opportunity, he gives
Russia what it wants, even if it's to the detriment
of the United States's own interest. So that is not
the surprising part. Trump's often called unpredictable, but this is

(01:02:48):
the one thing in which he has been absolutely rock
solid and predictable all the way through. Do you know
that he's on Russia side?

Speaker 2 (01:02:55):
Why do you think he's doing that? Is that because
that trying to You know, they've got a bigger beast
to time in China. They can't be at war and
hating everyone. They want a resumption of tires with Russia,
try and pull them away from China. What's the play here.

Speaker 21 (01:03:10):
Well, that's often been put forward by trumpists as the
three D Chess explanation for what's going on, so kind
of broader strategy that's to do with turning towards China,
But of course that's not backed up by any of
the actions that the Trump Musk administration are actually taking,
because they're knocking away the foundations of US power, not
just facing Europe, but also facing elsewhere as well. If

(01:03:31):
they wanted to be strong towards China, they wouldn't be
immobilizing Department of Defense, they wouldn't be cutting back on
the military, they wouldn't be cutting back on the United
States soft power like USAID, Voice of America, all of
the ways that Russia can reach around the world and
try to frustrate powers like Russia and China. So it
just doesn't stack up, and it resembles far more simply

(01:03:52):
curtailing the United States as means of exerting national interest,
supporting national interests both at home and abroad.

Speaker 2 (01:03:59):
To what the Europeans are going to do in response
to this. You know, Germany is up in its defense spending.
We've had maloney in Italy trying to do the same,
although there's some debate about how much they will spend.
Ki Jarles, would you mind coming back in just a
few moments, senior expert on Russia at Britain's prestigious Chathamhouse,
on this call this morning overnight between Trump and Zelenski The.

Speaker 1 (01:04:22):
Mike Hosking Breakfast Full Show podcast on iHeartRadio powered by News.

Speaker 2 (01:04:27):
TALKSBB fourteen after eight Kire Jarles is with our senior
expert on Russia at Britain's prestigious Chatham House here, welcome back,
Hello again, So let's talk about the Europeans and how
they respond to all of this. We've had for those
who are just joining us, a call overnight between Trump
and Zelensky. We're not entirely sure what was said in

(01:04:47):
the call just yet, but the so called deal between
Putin and Trump over Ukraine hasn't held because already there've
been attacks on infrastructure and on two hospitals. So what
does Europe make of all of this and what happens
I suppose to the idea of peace when even Trump,

(01:05:07):
who's you know, as you've said's kind of settled themselves
closely to position, can't get a deal out of him.

Speaker 21 (01:05:13):
Well, he's not trying to get a deal out of him,
except in the sense that he's trying to impose whatever
Russia wants on Ukraine. And of course that is what
Europeans are especially worried about, particularly, of course, those are
the frontline states of Russia, because they look at what
has been done to Ukraine, they know that they could
be next, and they know that the United States, which
formerly was the underpinning of NATO, the backbone of this

(01:05:34):
alliance that's supposed to keep them safe, has actually flipped
to the other side. So they're scrambling to look for
any way that they can salvage. The situation which you've
got going on across Europe is inventorization of all of
the military power, the military capacity that European states can
bring that isn't dependent on US support. And it turns
out in some cases that's not a lot, because everybody's

(01:05:55):
assumed perfectly reasonably that they're going to be on the
same side as the Americans in the future. Plus, of
course around the world, you've also got other countries looking
at this, the way that Ukraine has been thrown under
the bus, and thinking, well, this could be us next,
if we were reliant previously on the United States for
our security, if we look at them as a friend
and an ally and a partner that was always going

(01:06:17):
to back us up, we need to bear in mind
that if we come under attack, the United States might
just see that as an opportunity to opportunity to extort
from US something in the same way that they have Ukraine.

Speaker 2 (01:06:27):
Yeah, interestingly, Japan has moved some of its long range
missiles for exactly that reason. Just a little worried, a
little shaky on American support. So what happens now? I mean,
how does this end in Europe? If Putin is saying, oh,
you know, never accept any European troops basically in Ukraine
to help with the peacekeeping or to hold peace in place,

(01:06:51):
and then you've got the Europeans saying, that's what we're
willing to offer. We will do this to make it work.
They obviously want to have a buffer between each other.
How does this end.

Speaker 21 (01:07:00):
While Europe is trying to put together what it's calling
a coalition of the willing to actually provide for some
kind of lasting piece in Ukraine as opposed to this
sticking plaster ceasefire that Trump seems to want to impose
on it while waiting for Russia's conditions of surrender to
be imposed. But of course that's on two conditions that
are at the moment are nonsensical. All of the descriptions
that we've had of how European troops might arrive in

(01:07:24):
Ukraine to maintain some kind of lasting piece are on
two conditions. First of all, US support and secondly Russian acquiescence.
Russian has to agree to them being there, while the
United States has already ruled out support. They say that's
not going to happen, and Russia is never going to
agree to it because the whole point of them being
there is to frustrate Russia and prevent it from invading further.
So at the moment, the conversation, at least as it's

(01:07:46):
happening in the public domain, is a little bit nonsensical.
Now tomorrow, our time, already today your time with there
is going to be a meeting of military chiefs from
across Europe who are supposed to be so called operationalizing
this idea, probably putting their heads together and seeing just
what exactly they can deliver in terms of military power
to meet this political task. That has been set. I

(01:08:08):
doubt very much will hear anything specific about what comes
out of that meeting, but there could be some hard
truths about just what is actually possible if the United
States isn't playing along.

Speaker 2 (01:08:18):
Yeah, and how quickly that can all happen too, I
guess it's quite key. Kre Thank you very much for
your time this morning. Really appreciate your analysis. K Charles,
senior expert on Russia at Britain's Prestigiou Chathamhouse with us
this morning eighteen after eight. I've got some poll numbers
on what Americans think of Trump's attacks on the judiciary.

Speaker 1 (01:08:34):
Next, Ryan Bridge on the Mic Hosking Breakfast with the
Range rover Villa.

Speaker 2 (01:08:40):
News Talk said, b are you missing out on life's
adventures because of joint discomfort and pain? Well, let me
tell you about flamersolv from About Health, the makers of
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Flammersolv plus is the high strength joint support formula with
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(01:09:25):
Flamasolv plus today. Call about health now, I wait one
hundred triple nine three oh nine and get fifty percent
off of three month supply of Flamasolv plus. That's fifty
percent off when you use the code breakfast, read the label,
and take only as directors. Ryan Bridge, Thank goodness twenty
two after eight is all I can say. Thank goodness

(01:09:45):
that the good people of America have voted this way
in a particular poll. This is a Nipsos poll, a
new one out this morning. So it should be clear
to Trump that you don't mess with the justice system.
If you are believing this poll, stop attacking it. Basically, so,
the poll asked the question, should Trump follow the court's

(01:10:05):
rulings even when they go against him? Eighty four percent
of all adults said yes, Harlle lujah. Ninety two percent
of Democrats said yes. Obviously, eighty two percent of Independence
said yes, and seventy nine percent of Republicans say yes.
So overwhelmingly Americans still believe in the rule of law

(01:10:26):
and that, I mean, it's not something you should have
to celebrate.

Speaker 9 (01:10:29):
But but what if the judges hang on what is.

Speaker 8 (01:10:32):
He he's a lunatic?

Speaker 2 (01:10:35):
Then it doesn't matter how crazy, how whether the judge
lives in an insane asylum, judge is a judge. Ruling
is the final twenty three minutes after eight o'clock, Ryan,
the Greens you might have seen this for you know
the comata are they're calling him the seventy seven year
old Dean Whickliffe who was done for murder in New Zealand,
being in and out of jail for years and years

(01:10:57):
and years, most famous for escaping twice from perimeter in prison.
High security. So much for high security, and how do
you do it twice? Like, how do you let the
guy who did it once then also do it again?
Don't you keep a close eye on him? Anyway, that
was years ago. Now he's on a hunger strike and
the Greens have met with him, gone to the prison

(01:11:18):
and met with him. I'm assuming the corrections would give
some dispensation for MPs to go and meet with them,
because I mean, not anyone can. Paul goes to prison
and she has come out and said to the minister,
you know, he's on a hunger strike. He hasn't eaten,
by the way, he's getting fluids, just not solids, but

(01:11:39):
he's on a hunger strike. And Tamotha Paul says, you've
got to let him out on compassionate grounds. So all
you have to do is not eat lunch and you're
walking out of jail. Basically, I don't know about that.
She's also attending, Tamotha Paul has put on her social
media she's attending a conference or a talk in christ

(01:11:59):
You looking at alternatives to the police and to prison.
So I mean, not only do you let them out,
but then you just burn the building down behind them.
And who needs it? Who needs prisons? Who needs police?

Speaker 19 (01:12:11):
So when you go to prison to visit somebody on
a hunger strike and you're trying to get them out,
do you hide a cake inside a cake?

Speaker 2 (01:12:20):
I don't know.

Speaker 9 (01:12:20):
License to tell dad jokes two licenses.

Speaker 2 (01:12:23):
It's quite daddy, Yeah, I don't know. And to be
honest with you, but I mean, yeah, it doesn't make
sense to me. If you have a hunger strike, if
you've if you've got a point to make, then you
know people should should be able to listen to you.
And obviously ten of the poll's gone in, but that
doesn't mean anyone gets to walk out of jail free.
And is that the decision a politician should be making.

(01:12:43):
I mean, what are the Greens saying about the interference
we've just been talking about America, the interference of the
of government with the judiciary. Twenty five minutes after eight
News talks, he'd be bridge. There is a member's bill
before Parliament at the moment it's coming up for its
second reading and national supporting it. It's all it's labor
and Peter Carmela Bealach. It's all about supposedly closing the

(01:13:05):
gender pay gap. But it would change the rules so
at the moment your employer can say to you, I
don't want you discussing your salary with your workmates because
it doesn't suit me. You might talk about it and
then ask for a pay rise. So they want to
change this so that it would be illegal for an
employer to put that into a contract. And they say

(01:13:25):
that the more that would encourage more people to talk
about their salaries, and then the gender pay gap would
somehow miraculously close. Did I don't fill that of the
logic personally, But also we don't like doing that, do we.
I was always told being when I was raised. Don't
tell anyone how much is in your bank account. Don't
tell anyone how much you earn. That is nobody's information

(01:13:48):
but your own. So even if you changed the law,
you don't change the attitude of New Zealanders, which is
we just don't. We're not those kind of people. We
don't go out there and want to share all that
private information. It's like PDA, you know, don't You don't
french kiss in the streets in New Zealand. You don't
tell someone what's in your bank account. You don't tell

(01:14:09):
someone how much you get paid. You just quietly go
about your business like a good, humble TEAWE, what if.

Speaker 9 (01:14:14):
They offered a french KISSI though, will you tell them.

Speaker 2 (01:14:17):
How much does it pay? Twenty seven after eight News
Talks VD.

Speaker 1 (01:14:37):
The only report you need to start your day, Ryan
Bridge on the mic, asking breakfast with Bailey's real estate
altogether better across residential, commercial, and rural news talk sad B.

Speaker 2 (01:14:50):
It is twenty three minutes away from nine. Great to
have your company. Mike is away this morning. He's six.
So I got the call up this morning and I
actually have You'll be quite impressed. I'm eating at the
moment some not obviously not right now, but during the
ad break, I'm eating some Muslim well that's what it is,
with some banana and some protein powder, trying to get

(01:15:13):
those gains. Glenned and was quite lucky this morning because
obviously the phone rang and I had to basically just
throw some clothes on and come in. But my partner
got up and made me that I thought it was
a tub of ice cream. I wish it's not a
tub of ice cream. It doesn't taste like a type
of ice cream, that's for sure. But I'm quite lucky
to have somebody.

Speaker 9 (01:15:32):
You can't get gains from a tup of ice cream,
can you?

Speaker 2 (01:15:35):
Well? Really, you can't game and gain black fat.

Speaker 9 (01:15:39):
Yeah, you specific about what you wanted to gain.

Speaker 2 (01:15:43):
Does anyone want to gain fat? I don't know. Hey,
very quickly, I'm going to take you through some Aukland
council business. That sounds boring. Let me rephrase that who cares?
Who wants to go through organ council business? There's freebes?
Are they all corrupt? How's that?

Speaker 21 (01:16:02):
So?

Speaker 2 (01:16:02):
Fifteen of twenty Auckland councilors got freebes from eden Park
in the last fifteen months. They've been given things like
free tickets to Pink, to Coldplay, to Travis Scott, to
Luke cohmbes, to the All Black Tests, to the Super
Rugby Games, you name it. These guys have been on
the gravy train. The question now is are they impartial

(01:16:24):
or are they compromised? Are they bought? Auckland councilors got
a big decision to make whether they throw their weight
behind revamping Eden Park or do they throw their weight
behind this stadium down on the waterfront. So the question
is are they compromised by a few free tickets to

(01:16:45):
some concerts? I don't know. I would find it hard
to think that that would sway you one way or
the other. I guess it depends how cheap you are.
The only counselors who did not accept eden Park freebes
were Julie Ferry, who's Michael Wood's husband, and I Actually
I don't know whether they didn't accept free bees or
weren't offered free bees, and you know, well maybe you'd

(01:17:07):
be wondering whether she's bringing the husband alf Philippina has
not had any, Mike Lee has not had any, and
Sharon Stewart has not had any. Apart from that, they've
all been on the tape apparently twenty one minutes away from.

Speaker 18 (01:17:19):
Nine International Correspondence with Ends and Eye Insurance Peace of
Mind for New Zealand Business.

Speaker 2 (01:17:26):
Rod Little is with us, our UK correspondent this morning. Rod,
Good morning, Good morning to you. So we've still got
four kiss problems with these benefit cuts.

Speaker 21 (01:17:37):
Yeah, we have.

Speaker 11 (01:17:40):
In what many took many people by surprise, given that
laborers always vowed never to cut benefits. The party has
suddenly realize that we have a benefits bill which is
simply unsustainable. And everyone knows this, and I assume the
labor left wingers who opposed the trades to the benefit
cuts know it as well. But it's very difficult for
Lake to get through with its own people. Undoubtedly it

(01:18:03):
undoubtedly as the backing of the Conservatives and probably most
of them Lib Dems, but it's caused internal party problems.
For sukir Stana, the Benefit secretary Liz Kendall had a
meeting with one hundred MPs before the debate and they
were very hostile to her. Now, during the debate, in

(01:18:25):
which Kendall that announced plans to save five billion quid
by twenty thirty, which frankly is a drop in the
ocean of our benefits expenditure, she was roundly abused by
several labor MPs. One of them was Diana Abbott. I

(01:18:46):
think so long as she's it's people like Diane Abbott,
who's on the far left of the party, then it
kind of doesn't matter. But I've been speaking to some
more moderate labor MPs on the soft left of the
party and they too are very unhappy about it. Quite
see why we've got to cut our benefits bill, You know,
we really do.

Speaker 2 (01:19:05):
Bunny, you mentioned Diane Ebbittt. We've actually got a bit
of audio here from her. So she's basically standing next
to the Boss and the House and here's what she sees.

Speaker 5 (01:19:13):
Could we have less of this rhetoric about his five
billion package of disability benefits, so called reform being moral.

Speaker 2 (01:19:29):
This is not about morality.

Speaker 5 (01:19:31):
This is about the Treasury's wish to balance the country's
books on the back of the most vulnerable and poor
people in this society.

Speaker 2 (01:19:46):
The problem is, you've got to balance the book somehow,
don't you.

Speaker 11 (01:19:49):
Rod Well, Diane doesn't think so, and she's never thought so.
She lives in a land of fantasy and delusion, and
she always has done. And as I say, it's as
long as the complaints are kept to her and people
like her, then I don't think about the moral point
she raises. So she's so obtuse. There is a real

(01:20:12):
morality to this, and it's one which plays very, very,
very very seriously with labor voters. They do not those
labor voters who do the right thing, who go to work,
who save money, who work all the hours of God's sends,
and then see their next door neighbors lounging around doing
nothing because one of them has been diagnosed with ADHD

(01:20:34):
or something. You know, it infuriates the voters, and a
partfuly infuriated the voters voters. Of course, it also recks
the country.

Speaker 2 (01:20:44):
If we can't anymore, no exactly, and no one talks
about the reality of taking on a whole bunch of
extra debt, the cost of servicing that. I mean, this
is what we're finding out here. It's all very well
to say, yeah, I'll spind this and be the good person,
but someone's going to pay the bill.

Speaker 11 (01:20:59):
Yeah, and I say yeah, I think we're all all
of us in the Western world. By Western world, I
mean the advanced world, who have become accustomed to these
huge welfare payments and suddenly our populations are expanding. We're
becoming more latitudinous about who we have given these benefits to.

(01:21:21):
Back in the day, when I was, you know, fifteen sixteen,
to be disabled meant you had one leg, you know,
or something close to that. It didn't mean that you
suffered from anxiety.

Speaker 7 (01:21:32):
Do you know what I mean?

Speaker 11 (01:21:33):
It's changed.

Speaker 2 (01:21:34):
Yeah, and Hares and COVID's helped the along. Now what's
the reaction being like your way to the last forty
eight hours? Really but we've had the Trump potent call
and then we've heard the Trump Zelenski call. What's the
UK sign?

Speaker 11 (01:21:47):
The UK is keeping pretty quiet at the moment. I
think Kasakis Dama, to his credit, has played a blinder
throughout this by managing to keep on side with the Ukrainians,
the Europeans, and the America Cans. I think given the
kind of talking which we're hearing from Ukraine that it

(01:22:10):
seems as if that two hour conversation went very well,
indeed with Donald Trump. I still there is still some
annoyance in this country, particularly on the left, but I
share it as well, the notion that Putin is being
forced to do nothing. You know, I have yet to
see a single concession that Putin is being asked to me.

(01:22:35):
And if we continue along that track and we get
to a piece deal which sees Ukraine carved up and
not allowed to have European peacekeepers, not allowed to join NATA,
et cetera, et cetera, where is the break put on
Putin's ambitions.

Speaker 2 (01:22:49):
I just don't see it, not the meaning, Rod, Thank
you for that, Rod, Little UK correspondents accorded to Nine
News Talks, it'd be I've actually been in the same
room as Vladimir Pusin before, and I can confirm for
you that he is as tiny as he looks on TV.
He came up to my chins, just a little wee

(01:23:09):
little man. And I couldn't understand why this was in Vladivostok,
at an APEX summit that then Prime Minister John Key
went to he couldn't understand why he would have such
big bodyguards when you're so little, because they make you
look tiny. Anyway, that's Potin caught it apparently calling the
shots on this whole seasfire deal. Now two quarter to nine.

Speaker 1 (01:23:30):
News Talks B The Hike Asking Breakfast Full Show podcast
on iHeartRadio powered by News Talks EDB.

Speaker 2 (01:23:39):
Twelve minutes away from nine. The bad news this morning.
Not only is the ceasefire precarious ceasefire over the Ukraine
sort of coming apart at the at these seams, but
also the ceasefire and gars are coming apart at the
seams as well. So now the Israeli military has said
that it's launching a targeted ground activity, so we're back
boots on the ground back into Gaza. There was the

(01:24:01):
aerial bombardment yesterday. They say it is a targeted ground
activity partially aimed recapturing a key area in the territory.
But this is not good news, not good news for
ceasefires across the board this morning. It's just gone eleven
away from nine. Ginny Anderson was on the show yesterday
with Mike on the what day is it today? I

(01:24:24):
feel a little discombobulated. It's Thursday today, so yesterday must
have been the pollies. So Ginny Anderson was on with
the pollies with Mike yesterday and just gave an assurance,
So don't worry, Labour's not going to go changing everything wholesale,
changing everything if they get back into government. Have a listen.

Speaker 23 (01:24:41):
New Zealanders are tired of flicking back from one thing
to the other.

Speaker 21 (01:24:44):
Yes, every three years.

Speaker 23 (01:24:45):
Yes we have some fundamental ideological problems, but it's also
important that we keep making progress as a country. And
we're just going to be helped back if we keep
flicking back and forwards. So if there's a big project
that's in play, that working okay, and there's some good
things here, we're not going to undo it.

Speaker 2 (01:25:04):
So one of the issues that was raised was charter schools.
People saying okay, well, great, now that charter schools schools
are being established, now that they're back in business and
Labor's not going to throw the baby out with the
bath water, then fantastic good news. Ginny. Great announcement on
Mike's show yesterday that oh no, no, no no, they've
had to walk all of us back. So the Labor

(01:25:26):
Party spin people have come out reconfirming that they would
have in fact abolished charter schools if elected to power again.
This is in the Herald this morning, off the back
of Mike's interview with Finny yesterday. So just a little
loose with the lips maybe, I mean, really we do
like them to talk about being bipartisan and you know,
let's keep this motorway going or let's keep this program going.

(01:25:48):
But at the end of the day, they are different
parties and they are going to have to do something
differently otherwise they're just one and the same, aren't they.
Nine minutes away from nine News Talk Sebi.

Speaker 1 (01:25:57):
Ryan Bread on the Mic Hosking Breakfast with Bailey's Real
Estate News Dogs.

Speaker 2 (01:26:03):
D ten forty five this morning. That's not the time
right now. That's when we'll get our GDP number four
quarter four last year, ten forty five this morning. We're
hoping it's going to be positive. We've been in the
doldrums for a long time. In fact, the last two
quarters were our worse since nineteen ninety one. Outside of
COVID and COVID we were all carried through by huge
sums of debt which we're now having to kindly repay.

(01:26:26):
So it's been bad. We hope it will get better.
We will know more at ten forty five this morning.
It has just gone now six minutes away from nine trending.

Speaker 1 (01:26:36):
Now we're Yemma Swells keeping Kiwi's healthy all year round.

Speaker 2 (01:26:40):
Remember when I asked you at the start of the
show if you were sick of Pedro. Pascal Apple apparently
is now also banking on the fact that you aren't.
In fact that you love him, he starts in their
new ad for EarPods four. The trick around these ones
is in its active noise cancelation. Have a listen.

Speaker 9 (01:27:10):
He wasn't, so he hasn't turned on the AC yet.

Speaker 2 (01:27:27):
So Pike Jones has directed this. They've done a clever
We add Pedro living in two worlds, one with noise
cancelation and one without. Obviously, the first part you were
listening to was without the noise cancelation. This is the
beautiful sound of noise cancelation.

Speaker 19 (01:27:43):
And the cool thing about this is what they've done
is they've shot somehow They've dressed up all these dances
in this ad and costumes that have two halves, so
one half is sort of drab and boring and the
other half is all sort of colorful, And so they're
standing all at the angle facing the camera depending on

(01:28:04):
which part of the air that you're cool idea?

Speaker 2 (01:28:07):
Am I describing that? Clearly?

Speaker 18 (01:28:08):
You know you are?

Speaker 1 (01:28:09):
You are?

Speaker 2 (01:28:09):
You making perfectly see so the choreography.

Speaker 19 (01:28:11):
As Pedro Pascal walks fast them, they will spin around
and suddenly the world becomes more vibrant and colorful.

Speaker 2 (01:28:18):
It's a great idea. How much did it cost them
to make? It's five minutes long. I can only imagine
how many millions of dollars were spent on that. But
obviously we're talking about it, so you must have done
something right. I heard, and don't quote me on this
and don't sue me for it, but that noise canceling
headphones can make you go not deaf, but can affect

(01:28:39):
your hearing quite badly because you can no longer place
where sounds are coming from. Everything is canceled. You're living
in a bit of a hole. Your head's undersand can
it fixt your hearing, especially for kids who have grown
up with noise cancelation.

Speaker 9 (01:28:54):
While then they need to go to the next level up.
We have a spatial awareness and so that has the.

Speaker 19 (01:29:00):
Head tracking technology, so as you move your head, the
sound keeps coming from the direction that it was.

Speaker 2 (01:29:06):
That's where we go from. Goodness, all right, go and
watch the Pedro Pescal video. Apparently it's very good, even
if you ask sick of them. Three minutes away from
nine News Talks, he'd be Carrie is with you next.
Hopefully Mike could be back with you tomorrow and feeling
much better. I'm Ryan Bridge. Have a fantastic day, LXI.

Speaker 1 (01:29:28):
For more from the Mic Asking Breakfast, listen live to
News Talks. It'd be from six am weekdays, or follow
the podcast on iHeartRadio.

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