Full Show Podcast: 20 October 2025

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Episode Transcript

Speaker 1 (00:00):
You're trusted home for news, sport, entertainment, A Finion and
Mike the Mic asking Breakfast with a Veda, retirement, communities, life,
your Way, News, togs.

Speaker 2 (00:11):
Head be a way to day in Plation day, whether
we breached between percent change Jones off shore selling our
mining story to sprue investment. We got the PMN of
course the lands through the support the commentary box Richard Land,
Steve Price, they bring the international spoils as well. Pasky
Onday morning, seven past six, fascinating day to day. In fact,
the Alliance Meat Works voters on Dawn Meat's Irish have
offered two hundred and seventy million dollars for sixty five percent.

(00:34):
The offer was two hundred and fifty million, but then
came the Alliance profit more than they thought, and then
that is part of the story. Actually, another story that
ties in is Fonterra, a vote also coming there with
the Latalis bird, but made fascinating as well by the
entry of the Foreign Minister who opened his account with
about of public concern, but then up the ante with
a good dose of winston esque threat. Regulation he says

(00:57):
might be needed if the sale goes ahead. So first thing,
to ignore is the simple truth that neither Winston nor
I are Alliance or Fonterra. Shareholders therefore have no say.
But where Winston and I worry is in the Alliance case,
is it not yet another company of New Zealand origin
selling themselves up to foreigners who may or may not
do right by us. Part of the Alliance argument is
the debt pile is so high, the deadline from the

(01:18):
Banks's December basically, if you don't vote to sell, we're finished.
And yet a company that couldn't turn a profit suddenly
is now. There are, of course complexities to any story.
There are synergies for Dawn Meats. They have access to
European supermarkets. It could in fact be a great story.
I am a commercialist as well as a patriots. I'm
a bit conflicted on this one. Same with Fontira. I'm
not a farmer, but I am a New Zealander who

(01:40):
loves to think we can make and sell stuff and
not need to be constantly bought out. A good example
might be Watties, a New Zealand icon sold to Hines
who now don't support local growers the way they used
to because it's cheaper to import stuff. Control of your
destiny is never to be underestimated, and you lose that
when you cash the check. In Fonterra's case, we become
a customer. In Alliance's case, we become a branch office.

(02:02):
Doesn't mean they're not good deals, doesn't mean they won't
go ahead for at least partially the right reasons. But
if in ten years it didn't work out the way
we thought, regret isn't an income stream.

Speaker 3 (02:14):
What news of the world in ninety seconds.

Speaker 2 (02:18):
Job from spectacle. So this morning is the Liu got breached.

Speaker 4 (02:22):
They parked a lorry next to the museum, which was
mounted with a kind of goods left and from there
they were able to break through one of the windows
with a small chainsaw, jump through into the Apollo gallery
and steal several pieces of jewelry.

Speaker 2 (02:37):
The government are asking why have they done this? It
must be said that these are professionals organized crime.

Speaker 5 (02:43):
Today.

Speaker 3 (02:44):
Targets are the objects.

Speaker 4 (02:46):
The museums have obviously become targets because France, as you know,
is a country with her rich heritage in.

Speaker 2 (02:52):
The Middle East. Of what you thought would happen has
and is the idea of blame her mass and harmas well.

Speaker 6 (02:57):
You know, terrors fired an anti tank missile and gunfire
towards our troops operating in the area of Rafa to
dismantle terrorist infrastructure, all in accordance with the ceasefire agreement.
Now in response, the IDEAF began striking in the area
to eliminate the threat.

Speaker 2 (03:14):
Some though is starting to arrive in Gaza.

Speaker 5 (03:17):
We started seeing all kinds of food to buy, but
the commission is still high.

Speaker 4 (03:21):
It's true that it's dropped from forty five percent to
twenty percent, but that still makes a lot of things
unaffordable for many people.

Speaker 2 (03:27):
Royal matters in Britain is going from bad to worse
for Andrew and it wasn't really who was pretty bad
to start with, and now the meta looking into reports
he looked to dig dirt on Jieffray through his police
protection peeps. He should do the decent thing and go
and frankly, he should go into exile.

Speaker 7 (03:40):
You know, the idea of him on the Windsor estate
is a constant reminder that he is still a member of.

Speaker 3 (03:45):
The royal family.

Speaker 7 (03:46):
They have to put pressure on him to voluntarily get out.

Speaker 2 (03:51):
Then if you can believe that the idiot idea that
we have a tunnel between Russia and Alaska is actually
gaining ground.

Speaker 8 (03:57):
It seems like far fetched, but maybe maybe it's something
that is possible.

Speaker 9 (04:01):
I don't know.

Speaker 8 (04:02):
I'll defer to President at Trump, and I'm sure there's
a reason that he's raising that prospect. Again, He's several
steps ahead in these negotiations of both sides.

Speaker 2 (04:13):
Finally, an Egyptian wrestler who is known as strong Man,
has set a will record this morning with his teeth.
So he's pulled a seven hundred ton ship with just
a mouthguard. Our previous record with six six hundred and
fourteen tons. Then he later pulled two ships they weighed
eleven hundred and fifty tons. He had an official there,
but he still needs to send the videos off of
the Guinness for the records. Says he's next going to

(04:34):
ask the Egyptian president for permission to pull the submarine.
Cool guy, Here's the world of ninety. By the way,
those people who nicked some stuff from the lab, they've
got some back, or they got one thing back. It
was an emerald studded crown of Napoleon's missus Eugenie gold
Dimes sculpted eagles recovered just beyond the walls, but it
is broken, so they will need to they'll need to
do something with the glue for that. Twelve minutes past six.

Speaker 1 (04:57):
The Mike Hosking Breakfast Full Show pods on a hard
radio fold by News Talk Sippy.

Speaker 2 (05:05):
It middle Band's been on the other weekend talkies on
in the UK and he's promising a couple of interesting things.
One is going to create with the Government's going to
create four hundred thousand jobs and energy by twenty thirty.
He didn't confirm it, but there is a suspicion in
the next month's budget they're going to cut the vat,
the VAT off the energy bills. The VAT on the
energy bills is five percent.

Speaker 7 (05:25):
He said.

Speaker 2 (05:25):
We've got a cost of living crisis, so we will
need to address it in the budget. Jeremy Clarkson has
threatened to run for his seat as well, Doncaster North.
He lives in that particular part of the world. He
once threatened to do it in twenty thirteen. Miller Band says,
bring it on, so if that's something to watch. Fifteen
past six, The Bevy Generate Greg Smith, Welcome to the

(05:47):
Weekend Morning might, Well, you've got a gold or of platinum,
you're in the AMEX world. It seems to be all
good news, doesn't it.

Speaker 7 (05:53):
That's right. Mire con seeably have their plastic out for sure.
So MX they posted a sixteen percent increase and even
come two point nine billion dollars net revenue that was
up eleven percent. That's a record eighteen point four billion
build business four hundred and twenty one billion dollars. So yeah,
younger members are actually driving things. Might so millennials and
gen zs they are around about thirty six percent total

(06:14):
card spending actually on a power of US gen X's
and the gen zs are making twenty five percent more
transactions on average and older customers and along with millennials
there are seventy five percent of platinum and gold sign ups.
There is the wide premium premiumization effect which is happening
in the US economy. So that's so with Consign, this
dramatic concentration of wealth. There was one analytics company that

(06:35):
they found that the top ten percent of US households
account for nearly fifty percent of all consumers spending in
the US. It was interesting, but premimization that was evident
in the role at this new card. They do lots
of refreshess. They're pretty well known for that. So they've
got a new card out for Platinum, up the fee
by turn of bucks US a year eight ninety five.
What happened. They got five hundred thousand requests one the

(06:57):
first few weeks, and sign ups doubled on pre refresh levels.
They threw in some extra restaurant, travel, wellness and entertainment
perks that went off pretty well. It was actually their
most successful refresh on record. Also gave a bit of
a positive sorron on the health of View's economy. They
said people are playing, paying the bills and they're in
a good place. And they said, yeah, things looking pretty

(07:18):
good there. They actually up the outlook. They raised four
year revenue graph forecast to nine to ten percent. Investors
they liked what they heard. She has sold over seven
percent on Friday.

Speaker 2 (07:28):
I like it now. The sure shares didn't sar over
seven percent for Oracle. What happened there?

Speaker 7 (07:32):
Going the other way, so the cloud software company, they
outlined their ambitious five year targets a few weeks ago,
so they were basically thirty one percent revenue graph to
two twenty five billion by twenty thirty. They reckon cloud
infrastructure is going to be about one hundred and forty
four billion of that. So but they released a bit
more detail or they didn't. There was a bit of
lack of details, suppose, and that was what investors reacted to. So, yeah,

(07:54):
the shares were down seven percent. Just what's it going
to cost in terms of investment and what's going to
be the pack to margins? Nouns some big deals like
swift open Ai, but yeah, what are these bigger aideal
is going to mean for profitability? So she has did
fall back to be feared up seventy five percent this
year just on that mic And obviously there's been a
few articles recently comments about the dot com bubble and

(08:15):
the comparisons with what's tapping today probably is a bit
unfair just sort of thinking about it. You know, you
think back to the late nineties pe that meant price
to eyeballs anything with a dot com and sword. But
if you look at these tech names today just obviously
we do get we have some excesses being built up
to a certain extent, but actually are delivering. So in
video thirty Times, Ford earnings. It's growing revenues and earnings

(08:36):
at fifty percent through the next few years. So there's
demand for AI chips. The infrastructure that's being rolled out
that could exceed one trillion dollars. And you look at
the largest AI researching as they're getting close to twenty
billion in annual revenue. I thought it was an interesting
study or for survey from McKinsey, they reckon that AI
could add between two point six and four point four

(08:58):
trillion to global GDP annually. You look at US businesses,
forty five percent of them at using AI tools. Business
is founded after twenty twenty two a grant four point
five times a eight from those before, So maybe AIS
effector of there. And I guess the other big difference,
MinC is that these companies are cash rich. You look
at Alphabet They've got nearly one hundred million in cash.
So I think skepticism, it's healthy and moderation, but yeah,

(09:21):
it might you talk of above and might downplay your
foundational shift of what's actually occurring.

Speaker 2 (09:25):
You've got a three or not.

Speaker 7 (09:28):
Yeah, of inflation numbers, so don't be alarmed if we
get to three today. So we're two point seven at
the during quarter. The ABI and Z said, yes, we
might actually get to the top of their one point
three percent band, might be above it. I've said they
cut rates by half percent. Recently they said it's going
to be temporary. I suppose that's but that might not
be blind hope. You know, if we look at the
exchange rate, that's going to drive up the cost of

(09:49):
imported items. But yeah, food prices they fell in September
for the first time since the start of the year.
Rent growth it's the slow since twenty eleven. And you know,
obviously I think they're quite right to cut rates a
half percent. We're in a bit of a slump, need
to get out of it. And that's not going to
really drive wages or prices higher, you know, on the
whole winding with an economy like that, So speak your
best in the economy. The ABNZ had said, we said

(10:11):
we're going to get back to two percent by the
first half of next year. But let's see what today
brings with the CPI. Don't be alarmed if it as
a three at the front of it numbers, please, So
the US markets were all up by half percent. Terms
of the main indusies down SMP, and there's deck. Trump
made some positive comments around China forty one hundred down
point nine percent, nick A down one point four percent,

(10:31):
A six two hundred down point eight percent, insedex fifty
down point eight percent, thirteen two eight nine, gold that
came back from record levels down seventy five dollars four thousand,
two hundred and fifty one, and ounce oil up eight
cents fifty seven spot fifty four. In the currencies, key
fled against the US dollar fifty seven point three, down
slightly against the A dollar eighty eight point two, also
up slightly against the Bridge pound forty two point seven,

(10:54):
and up slightly against the Japanese yen eighty six point two.
This week, we're probably not going to get in the
US starter, we might shut down, but we're gonna get
some Chinese GDP retail sales, industrial production, inflation in Japan results,
finn Front Plevy going on Netflix, Coca Cola, tiesla IBM,
Intel locally AGMS, Meridian Flitcher's Auckland Airport. And on the

(11:14):
data front of here, we've got a bit card spending
dairy auction and will it have a three in front
of it? You don't be alarmed. So we've got the CPI.

Speaker 2 (11:21):
Today, good one. You might go well catch up soon.
Greg Smith, Generate Wealth and Kiwi Savers specialists asking over
the weekend bar because you know the Jam people, fabulous
Jam people. They're expanding. So that's a new factory in
just near Geraldine. So that's expected Todd before Christmas. I
please to read about that and Boeing you'll be happy
FAA came to the party. They can increase the number
of seven three seven max as they've made them been

(11:43):
limited for obvious reasons. They were at thirty eight. They
can now start making forty two of them a month,
six twenty way out a week. You're on the Myke
Hosking Breakfast.

Speaker 7 (11:51):
I need the money so bad. I need the miney.

Speaker 1 (11:57):
The Vike Hosking Breakfast full show podcast on iHeartRadio now
it by News.

Speaker 3 (12:02):
Talks it be.

Speaker 2 (12:04):
It was a weird thing. Is it just means weird thing?
That no Kings thing? Yesterday in America? Seven million they
said turned out. I mean, that's not like that. Didn't
They held an election. The people who don't like Trump lost.
That's democracy, it's how it worked.

Speaker 7 (12:15):
He won. He won.

Speaker 2 (12:16):
Well, he's got a Mandai. I'm just not sure what
the point of spending your week in waving placards for is. Anyway,
he's underwater. The survey came out over the weekend. Approval
rating down to forty four is net thirteen if you
do the positives and the minus, so that's not going
well for him. The other thing I read that was interesting,
I don't know how to get around it. Is this
thing that they're going to have with Putin. How does
he get there? Because the European airspace is closed, so

(12:37):
you can't go from Russia to Buddhapest without breaking a
few laws. So they're going to have to twist some up.
So that'll be interesting to watch. Six to twenty five.

Speaker 1 (12:46):
Trending now with chemist ware House great savings every day.

Speaker 2 (12:51):
Now, let us hit to Kent, UK local council run
these days by the Reform Party. They won fifty seven
of the eighty one seats. This is back in May,
so it's the party's biggest electoral success and thus is
now seen as an indicator as to how they could
run the whole country if they managed to repeat the
trick nationally in a couple of years. Anyway, two big
issues in Kenta one balancing the books while promising not
to raise Texas to a response to local government reform,

(13:12):
which would actually see Kin's councils abolishing themselves. Anyway, Leading
the council is London.

Speaker 10 (13:18):
Sometimes I will make a decision that might not be
liked by everybody.

Speaker 7 (13:22):
But I'm afraid you're just going to have to because.

Speaker 5 (13:26):
I am a democratically elected leader.

Speaker 3 (13:27):
Because let's not forget we are the shop window.

Speaker 5 (13:30):
Nigel knows that quite frankly. The question is is that
the right leader and the right cabinet physically.

Speaker 1 (13:38):
Isn't time at this stage.

Speaker 3 (13:40):
So what we've done you to run through everything? I'm
just asking, that's exactly.

Speaker 1 (13:47):
Of course, it's it's face to face holiday this week before.

Speaker 3 (13:51):
I don't want to be having this meeting you in
a minute, let me get let me reply.

Speaker 7 (13:58):
It's all right, Brian, you keep laughing.

Speaker 3 (14:02):
Let's face here of the situation at the moment regards
to our group is not great.

Speaker 11 (14:07):
You know, I've worked my ass off of my own
portfolio and I'm still getting a ride up my backside
all the time.

Speaker 2 (14:12):
The reason we're able to enjoy this this morning is,
of course, is because it has been leaked. So Lindon
the afore mentioned is not happy. She calls whoever the
liquor is a coward. But she's passed her suspicions on.
We don't know who to the head, the head suspicion
keeper anyway, So God bless them, good luck to them.
So Shane Jones is off and I think he's going

(14:33):
to the States as well. They're certainly in Sydney today.
He's spooking the mining industry. So spooking's one thing, diggings another.
Are we ready to go? Are they going to face
the same sort of problems that we're facing with the
oil and gas? I mean, yes, you can stump up
the money and yes you can say we're open, but
you know, with the specter of labor next to your
killing it all again, do you actually want to invest
in the country. We'll have a look at this after

(14:54):
the news, which is next this Monday morning here at
News Talk, said.

Speaker 1 (15:00):
Newsmakers and the personalities, the big names talk to Mike
the mic Hosking Breakfast were the defender embraced the impossible,
news togs.

Speaker 2 (15:09):
Dead b Lesky's on American media. This morning's breaking another summit.
So we'll get the update from Richard shortly meantime back
here at twenty three to seven. Next step on the
Shane Jones, We're said to get this country mining again.
He's across the Tasman. I think he goes on to
the States after that promote investment and growth. In a nutshell,
he's looking to build confidence in our mining. Second and
Allison Paul's the senior VP Legal and Public Affairs for
Oceania Gold and is with us Allison.

Speaker 5 (15:31):
Morning, Good morning mate.

Speaker 2 (15:33):
Is the industry fully cognizant, both here and in Australia
of our government stance and what we want to achieve?

Speaker 7 (15:40):
Yes?

Speaker 12 (15:41):
In a nutshell, yes, This minister has been pretty active
and he's been at a range of conferences, including attending
a big conference in Canada earlier this year, very well received.

Speaker 2 (15:53):
Okay, So is the industry on board with what broadly speaking,
he's keen on doing.

Speaker 12 (16:00):
Yeah, it's fair to say it's a vibe across the
sector around the world, and in fact, other jurisdictions are
looking at what's happening in New Zealand with interest. I
think there's a huge interest in minerals everywhere.

Speaker 2 (16:12):
Will people start digging here because the oil and gas
problem is that, yes, they put a couple of hundred
million dollars up to get skin in the game, but
I mean, you've got the specter of an election next year,
the possibility of labor coming back, therefore killing it all.

Speaker 12 (16:24):
Is that a problem, isn't It isn't even the oil
and gas ban and I can't speak for them, but
that involved grandfathering or essentially retaining existing permits. So I
think the focus in the industry at the moment is
looking to get those permits at hand, and fast track
process is a huge part of that. So getting into

(16:46):
that process and seeing that take route and it's working,
I'd have to say it's a good process.

Speaker 2 (16:52):
Oh good. So the fact so you speak well of
fast track it is successful and people are here and
they're starting to dig.

Speaker 12 (16:58):
That's right. We've got a project in that process that
comes to a decision before Christmas, and for us it's
been a good experience. I think they're going to get.

Speaker 4 (17:07):
Where we need to get.

Speaker 2 (17:08):
How much of it's about gold and we all know
about the gold price at the moment versus other metals
that we may or may not know about that are
involved in data and AI and all that sort of stuff.

Speaker 13 (17:17):
Well, it's all of that.

Speaker 12 (17:18):
In New Zealand. We have quite a small mining sector
compared to something like Australia, and gold and coal have
been the big employers and the big trainers of miners
in New Zealand. We make great miners here, but we
need that sector to be there and thriving for those
other rare earth minerals and the other important critical minerals

(17:39):
to get a foothold.

Speaker 2 (17:43):
So if we get it right the industry here, yeah, sure,
if we get it right. How much potential does the
industry have here? Are we worth mining? Are we a
mining country?

Speaker 12 (17:52):
Absolutely? We're worst mining. We've Ocean and Gold's been here
for thirty five years successfully mining, and we've got four minds,
but at the end of the day, two of them
are in New Zealand. So half our business is still
here in New Zealand. We've grown off the back of that.
So you can definitely mine successfully in New Zealand. You
need to make sure that you do the right thing

(18:13):
and that's very important to New Zealand as it is
to the miners who are active in the country.

Speaker 2 (18:19):
Good to talk to you, Allison, appreciator Allison Paul, who's
the Senior VP Legal and Public Affairs Oceania. God, Mike,
you really don't see why Americans are protesting against the
lying fallon bully constitution, ignoring self profiteering democracy, ignoring tyrant. Really, now,
of course I do. My point is this is, say
whatever you want about Trump. He's consistent. He's not doing

(18:40):
anything he didn't say he would do. And therefore I
just can't work out why you'd want to waste your weekend.
So they had an election, he won, he won, well,
he said he was going to do a bunch of stuff.
You may not like it. He's doing exactly the bunch
of stuff that he said he would do. Therefore, what
do you want morning, Mike Barkers, This is a very
good point of Geraldine sold to a large French company
and ross back in twenty fifteen. Since then they continue

(19:01):
to grow and build, So overseas or foreign investment isn't
always bad, Well said nineteen.

Speaker 1 (19:05):
Two the Mic Hosking Breakfast Full Show podcast on iHeartRadio
powered by News Talk SEP.

Speaker 2 (19:14):
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r Veda dot co dot in z pasking this one hot.
It's so hot right now Apple over the weekend. US
rights alone, So US Rights alone, they were with ESPN,
They're now going to be with Apple seven hundred and
fifty million dollars. Thank you very much. Sixteen to two

(20:19):
International correspondence with enzied Eye Insurance.

Speaker 3 (20:23):
Peace of mind for New Zealand business and the Affortmans.

Speaker 2 (20:25):
You spoke Bridge Darnald.

Speaker 8 (20:26):
Morning to you.

Speaker 2 (20:27):
Good one anyway, once mister Zelenski saying for himself this morning.

Speaker 14 (20:30):
Well, the Ukrainian president says he is more than willing
to meet with Putin's Russian counterpart if Trump lays out
a second US Russian summ at this time in Budapest,
since he was speaking in an interview with in BC
noting I'm ready.

Speaker 15 (20:44):
I'm ready, I said to President, I'm ready.

Speaker 9 (20:46):
Well.

Speaker 14 (20:47):
Zensky held talks with Trump this weekend where he pressed
for Ukraine to be given long range tomccawk cruise missiles.
Trump has openly floated that possibility, but it didn't happen
at this latest meeting, says Zelenski.

Speaker 3 (20:59):
It's good again, that's here. Didn't say no.

Speaker 2 (21:03):
So keeping it open.

Speaker 14 (21:04):
Trump spoke with Putin before putting the Ukrainian missile request
on hold. Then he announced that Secretary of State Rubio
we'll meet this week with Russian officials, a meeting that
could pave the way for this second US Russian summat
on the wars. Lensky is urging Trump to get tougher
with Putin, especially when it comes to Ukraine's cruise missile request.

Speaker 15 (21:23):
I think that puts in the phrase that United States
will deliver astmahowks and I.

Speaker 3 (21:28):
Think that you're a phrase that we will use. And
he knows what military goals, we know where they are.

Speaker 14 (21:36):
He has to feel what we feel, says Lenski a
Putin now. The first Trump Putin's summit in Alaska fizzled out,
with many thinking that Trump got played by the Russian leader.

Speaker 16 (21:47):
Says Trump of this, I've been played all my life
by the best seven and I came out really well,
so as possible a little time, right, But I think
that pretty good at this stuff.

Speaker 2 (22:01):
I think he wants to.

Speaker 14 (22:02):
Make a deal, does really want to make a deal.
If you others see much sign of that, meantimes. Zelenski
in this latest interview appears to offer some line for
beginning talks.

Speaker 15 (22:11):
He says this, I understand that we have to finish
this war, and begin this finishing from the place where
soldiers stay.

Speaker 14 (22:22):
Russia currently controls about nineteen percent of Ukraines. Zlenzi is
talking about both sides staying where they are without giving
any additional territory to putin. Is this an opening we'll seek.

Speaker 2 (22:32):
And then we've got the protest?

Speaker 14 (22:33):
They said seven million, Yeah, the numbers are striking. I
don't know how you count seven million people, which is
what they assess is to turn out for these protests
that happen in every state here, involving almost twenty six
hundred locations. But this round two of the No Kings
protests appear to have been way bigger than the first series,
and they're calling these the largest demonstrations in this country

(22:53):
in most people's lifetimes. A Republican speaker, Mike Johnson was
pressed today on his description of these as quot unquot
hate America rallies.

Speaker 11 (23:01):
The Marxists, the socialists, the Antifa advocates, the anarchists, and
the Prohomas wing of the far left Democrat Party.

Speaker 14 (23:09):
Well, from what we're seeing, they appear to Bemba. Folks
don't know about Antifa or terrors the borders. It was
more like familiar protests, seeing.

Speaker 17 (23:20):
We protect our to my person is dying, and we
have to say that there's no place four kings in America.
Donald Trump is attempting to bully us.

Speaker 14 (23:31):
But they have been huge turnouts, not only in Portland
and Washington, d C. But also in deep red places
like Idaho and South Florida. Very unusual.

Speaker 2 (23:39):
All right, man, go well, we'll see you Wednesday. Richard
Arnold stateside, by the way, you'll be well aware of Santas.
He got led out. He was somewhat of a rogue,
but there were many rogues throughout our country that aren't
forced to serve seven years in prison. That was the
He couldn't even dream up a decent reason for it.
Many restaurants I know this morning Toast, who are a
big software company. Many restaurants, the terriffs are starting to bite.

(24:01):
The price is starting to rise. So there's a poll
out this morning. They're worried about inflation. And the restaurant industry,
the hospital industry in the state's marketing sixteen percent, hiring
sixteen percent, but forty eight percent are going to put
their prices up. As simple as that also caught trouble
for Trump. The Chamber of Commerce, this is over the
one hundred thousand dollars h one b visa thing which
won't go away. So they're suing the Chamber of Commerce

(24:24):
calling the fee unlawful. So yet another debate to be
had in court, So we'll see where that goes. Eleven
away from seven.

Speaker 3 (24:31):
The Mike Husking Breakfast with Bailey's real Estate News Talks.

Speaker 2 (24:34):
There'd be I got some good news on the red
meat sector fee you in just a couple of moments,
but on related matters, Mike Jones does as sort of
a monthly. He's the economist at the B and Z.
We'll talk with Kelly Echol by the way, he's the
head economists at Westpac on the inflation number and just
a couple of moments. But Mike Jones does this business
on the economy. They all do. But here's what he's
printed out, and I think it makes for interesting reading.
The aforementioned primary expert returns of booming. Do you realize

(24:56):
that they're booming so much? They are seven and a
half billion dollars ahead of last year, so it's fifty
three billion dollars our primary exports are bringing into the
country at the moment. Dairy exports alone are four point
two billion dollars ahead of last year. Kiwi fruit apples
largest annalale increases. They're up forty four and twenty six percent, respectively.
And here's the interesting thing. Instead of being parked at

(25:17):
the bank. A lot of people text to me at
when they started talking about the dairy returns cracking through
ten dollars, people go, oh, it was not going to
make any money. You know, no one's going to spend this.
They're just going to retire debt. That's not true, as
it turns out, instead of being parked at the bank,
there's a larger proportion of the export revenue being spent
and invested. Bank lending to the agricultural sector started going

(25:38):
higher as of May. It's continued to grow in recent months.
There's a shift from the prior trend of debt repayment.
Our strong growth and deposits appeared to have halted. You're
not getting the return, therefore you don't you spend it.

Speaker 7 (25:50):
Not just the.

Speaker 2 (25:51):
Agricultural sector growing colder on tds as well, termed deposits
growth in the one hundred and forty four billion dollar
stock of household tds rapider. So we're not putting money
in the bank. The way we use to, So this
trend has got further to go, he argues, and that
Reserve bank fifty basis point thing's going to play its part,
but saviors don't like it. But of course, if you're
not a savior, you're out spending. Aren't your property market?

(26:12):
What's he say? Sales activity in both residential and rural
has been trending higher. It's back to about average long term,
which is encouraging the downturn, and residential construction activity is over.
Residential building consents are up six percent month on month
in August, so that's encouraging. Imports of investment and intermediate

(26:33):
goods continue to move in a tentative up trend is
what he calls it, a tentative uptrend, so that's people
buying stuff to bring into the country to invest in
their business. Imports of intermediate goods are up seven percent
on the last year. Plant and machinery imports are up
twelve percent. Car imports a rising in an annual fifteen
percent job adds. As we told John Friday, they're showing

(26:57):
signs of moving in the right direction. So the numbers
indexes up eight percent from the low. Tourism International arrivals
appear to were swung back over the past three months,
so that's good. So August we're up to ninety two
percent of the twenty nineteen levels. Will take that. Manufacturing
and services the PMI, so still still struggling, but he

(27:20):
thinks the last three months of the worst it's going
to get and things are going to start to improve.
And as far as retails concerned, over a third as
a whole, spending rows zero point seven percent quarter on quarter,
so we're spend it. So once you look at that
and you add it all together, doesn't look too bad,
does it. Five minutes away.

Speaker 3 (27:37):
From seven all the inns are the ouse. It's the
fizz with business fiber. Take your business productivity to the
next level.

Speaker 2 (27:45):
He's going to want to look for it. So the
aforementioned the red meat industry, you've got brand new numbers
this morning.

Speaker 7 (27:50):
This is for August.

Speaker 2 (27:50):
Seven hundred and seventeen million for August alone, So in
the singular month of August, we sold seven hundred and
seventeen million dollars worth of red meat to the world,
which is a twenty two percent to increase year on year.
US is still our biggest markets exports to that particular
part of the world, up nine percent of two oh
three million. China's recovering in a big way, up thirty
nine percent, so that's one oh one fifty. So one

(28:13):
fifty is not as big as they used to be
at two oh three compared to the Americans, but one
fifty will take the UK biggest increase of one hundred
and nine percent. But be weary because it's forty eight
million dollars worth of business, so they've got some room
to grow, presumably. Sheep meat is up fifteen percent. That
was admittedly off low levels of last August, so that's encouraging.
The average value for sheep meet for August was thirteen
dollars forty four aikilo, which is up thirty four percent

(28:35):
year on year. At the supermarket, eighty dollars for a
leg of lamp, eighty dollars for illegal lamp beef. It
didn't buy it. I'm just telling you I saw eighty
dollars for a legal lamb Beef. Exports down a little
bit one percent of the average value, and that's the
key was eleven dollars and twelve centi quilo, up nineteen
percent on the year. We'll have to wait until the
September October numbers apparently to see the effect of the

(28:56):
fifteen percent terrace, which is weird because if you look
across the task in Australia's ten percent have resulted in
the six percent drop and sheep meet exports to the
US and the small drop in beef exports for the
month of August, so they can see the drop from
the tarifs. How come we can't see the drop? Why
do we have to wait until October? What's the matter
with us? When it comes to numbers? There's a battery
flatten to calculate what's going on there? How can they

(29:16):
the same month, same time, same market. But they know,
but we apparently don't. So I don't get that. Kelly Echold, yes,
three percent today and are we all going to get
all plenty about it if it's three point one, if
it breaches the zero to three band that the Reserve Bank,
and the big picture is, of course, if it does
break three, is it trending down? And what's that mean
for the Reserve Bank next month? Do they then freak

(29:38):
out and go, oh, we were going to go twenty five,
could have gone fifty, but we're not going to Now
we'll get some economic insight after the news, which is
next to reviews, talk.

Speaker 1 (29:47):
Seedboat, credible, compelling, the breakfast show you can't best. It's
the Mic Hosking Breakfast with Bailey's Real Estate finding the
buyers others can't use.

Speaker 3 (29:58):
Togs Head bing.

Speaker 2 (29:59):
Seven past seven, other of those fascinating economic days. Today,
with the release of the Q three inflation read a
couple of things about it. Is it three or above?
And number two? Has it peaked? The last number we
had for Q two to June was two point seven.
Kelly Echold, as West paxtiop economist, of course, is back
with It's Kelly Morning Winning Mike. What's you call?

Speaker 18 (30:17):
Well, we think it'll be a three percent annual eight
one percent for the quarter. That's more or less what
the Reserve Bank's got unless you go down to the
second decimal place.

Speaker 9 (30:27):
Key here, is is this the peak?

Speaker 2 (30:29):
As you pointed out, the psychological effect of anything with
the three in it? What's your assessment of that? Do
we we're already in a funk? Does this sort of sinkers?

Speaker 9 (30:40):
Well?

Speaker 18 (30:40):
I think people already know that the cost of living
has been rising quite significantly. I mean a nice little
factoy there inflations back inside the target range, but the
level of prices is more than twenty percent high than
it doesn't start the pandemic, So people know that they've
got less money in the back pocket.

Speaker 9 (30:59):
The bank's kind of.

Speaker 18 (31:00):
Interested in do people think that they need to get
a bigger pay rise? Are their inflation expectations going to rise?
So far they seem pretty senguente about that.

Speaker 2 (31:09):
See, this is the interesting thing for me, isn't it.

Speaker 7 (31:11):
So?

Speaker 2 (31:11):
So say we get to three three point one, whatever
it happens to be, and then we start talking about this,
but it's going to come back. What the stuff that's
driving it?

Speaker 7 (31:19):
Though?

Speaker 2 (31:20):
How's that come back? Your council rates, your insurance bills,
your power bills, they're going up and continuing to go up.

Speaker 18 (31:27):
Yeah, well, council rates is obviously the big bug bear,
and that's going to be the big driver of the
CPI this quarter because it is the quarter where it hits.
The good news there is that the amount of rates
increase we've got in for this year is a little
bit lower than it has been in the last couple
of years. But I think you're right to point that,
you know, what we really need to see evidence here
is that a whole lot of the services sector prices

(31:49):
in the CPI start to come off of it in
line with this weaker economy, and hence, you know, we're
really looking to see as their sides that core inflation
is dropping. In a case that forecast that inflation heads
you know, at least into the low twos. Again, there's
few quarters is going to be right, yeap.

Speaker 2 (32:07):
So if the RB are expecting this, do they look
through it as much as they look through anything, And
if they were going to go twenty five, they're still
going to go twenty five. In other words, just won't
spook them.

Speaker 18 (32:16):
I don't expect this to spook them because it's in
their forecast, even if it was a bit higher, and
if the reason was a temporary or one off factor,
I don't think they'll be that bothered because their key
message here is that they think there's enough excess at
capacity in economy, which is another word of saying the
economy is weak enough that they can focus on that
and trust that that will bring things back. And you know,

(32:40):
the news we've got on the growth impulse in the
thirty fourth quarters hasn't been that encouraging to.

Speaker 2 (32:45):
Be No, indeed not twenty five and done. Do you think, Well,
I think they.

Speaker 18 (32:49):
Would like to get everything done before Christmas, so I've
been telling clients that I think they'll be dicing up
between twenty five and fifty just to finish off for
Christmas and then hopefully next year get the rights to
where they are, leave them there for as long as
it takes. Hopefully it's not very long, but we'll see.

Speaker 2 (33:07):
All right, Kelly, nice to talk to you. Appreciate it.
Kelly Cole, who's the WISPAC chief economist. Ten minutes past
seven oscars. Full of jubilation as early last week was
with the release of the Israeli hostages. Of course, their
reality is starting to play a bigger role in the
Middle East, with the latest reports that the US have
had credible report apparently that Hamas was planning an imminent
attack on civilians in Gaza. That's not forgetting they were
supposed to disarm of course, as part of the piece

(33:27):
Deel Linda Gradstein is CBS News correspondent in Jerusalem.

Speaker 7 (33:31):
Beck with us.

Speaker 2 (33:31):
Linda, morning to you, good morning, what are you hearing?
How messy is this?

Speaker 10 (33:39):
Well, it is pretty messy. I mean, you know, two
Israeli soldiers were killed today in Gaza in an attack
from anti tank fire, and Israel responded with widespread attacks
across Gaza, reportedly killing dozens of Hamas people. Now, Hamas
says that it wasn't them, that they were not the
ones who attacked the Israeli soldiers. Israel says it is them.

(34:03):
Hamas still has the bodies of sixteen hostages who were
either killed before they were taken hostage or killed while
in captivity. There's no sign of Hamas disarming. However, it
does seem that both sides don't want to throw away
the ceasefire yet. And yet it's pretty tenuous at this point.

Speaker 2 (34:24):
What about the aid flow?

Speaker 10 (34:27):
So Israel cut off the aid flow now it had
started to ramp up again. You know, we're just over
a week into the fire, and Israel said that it
was closing all of the crossings and that no humanitarian
aid would get in. However, there are reports that Israel
will reopen those closings tomorrow. That this is not going
to be a long term kind of thing, just a

(34:49):
response to the Hamas attack on the Israel.

Speaker 2 (34:52):
So if we if we continue with days of this.
Who calls it at We'll point to somebody, go, this
isn't actually here and what we thought was going to
happen isn't.

Speaker 10 (35:04):
Well, I guess it's President Trump who calls it actually.
I mean it's really President Trump who is behind this,
and in fact the Vice President JD. Vance and the
US Special Envoy Steve Whitcoffer expected in Israel probably tomorrow
to try to push through the next stage of this,
and that is Hamas disarming and some sort of technocratic

(35:27):
government put in place in Gaza, some sort of military
stabilization force that doesn't include Hamas. But you know, these
kinds of things don't happen overnight. They take time, and
the problem is the more time they take there is
meanwhile Hamas is consolidating its control over Gaza again.

Speaker 2 (35:45):
All right, Linda good to Totio will stand touch Linda Gritstein,
who is the CBS News correspondent that particular powter of
the will thirteen past sevenths. Good economic use there. Mike
must be neely Tom for chipping and co to tyke
over again, Mike, are you going to talk about the
PPTA and the number one ie? I'm on the agenda
for the government meeting this week being Palestine. I mean,
I don't really want to. I don't want to talk
about the strike this week. I'm sick of strikes, some

(36:06):
sick of industrial action. I'm tired of people who don't
like their jobs. The letter was very good, so I
will get to the letter, but we'll do that with
the Prime Minister.

Speaker 7 (36:13):
Mike.

Speaker 2 (36:13):
I'm a dairy farmer and I have a massive tax bill.
Can only be good for the country. That's true. Love
the Positivity a great way to kick off my week morning, Mike.
How wonderful to listen to your positivity. Love the show,
appreciate it, Celia Robinson. Mike wrote a very optimistic piece
in The Herald on Saturday about positive changes in education
and health. Nice to read something uplifting for a change
rather than the usual doom and gloom and political gotcha rubbish.

(36:35):
That was a good piece and if you missed it
over the week in well Worth reading thirteen.

Speaker 1 (36:39):
Past the Mike Asking Breakfast full show podcast on iHeartRadio
powered by News Talks at b.

Speaker 2 (36:46):
Prime Minister about fifteen twenty minutes away sport after rate
of Course sixteen past seven. Some concern in the medical
field this morning, it shows we don't invest in skin
cans the way we used to. Investments fall into three
hundred thousand dollars a year. Is that a big drop?
Yesterday is decad ago. We used to s one point
two million. We still got over one hundred thousand new
cases a year. It's our most common cancer, of course.
Doctor Bronwin Macino is a senior research fellow at O

(37:08):
Tigo University and is with us bron Win Morning, Good morning.
May do we still need to be researching this?

Speaker 7 (37:14):
Do we have?

Speaker 2 (37:15):
We not got to a point where we know a
lot and the real problem is people spending too much
time in the sun.

Speaker 13 (37:20):
Absolutely, we do know that people spend too much time
in the sun, and we know what causes skin cancer
and we know how to prevent it. We just don't
necessarily know enough about how getting to people to adopt
those behaviors and how to get policies and corporates in
the various settings where people are exposed to high levels

(37:41):
of UV. And so that's where the research really lies now.

Speaker 2 (37:44):
And so when you say so, what sort of research
would you do to do that? I mean, at the
end of the day, I refuse to believe that we
don't know. If you asked one hundred people, do you
think that spending a lot of time in the sun
could lead to some sort of problem.

Speaker 9 (37:56):
We will tell you.

Speaker 7 (37:57):
We know that.

Speaker 6 (37:58):
People know that.

Speaker 13 (37:58):
Eighty six percent of news know that. We know that
it's but knowing that it's not enough to cause people
to change their behavior.

Speaker 9 (38:05):
And we also know that.

Speaker 13 (38:07):
So that's why we're much more focused on trying to
make the environment that people are spending time and about
much more healthy. So like, for example, providing shade and
outdoor spaces that people can adopt some protection behaviors easily
and affordably.

Speaker 2 (38:25):
DOOD policy generationally, I think are we getting there? I mean,
if I remember what we did at school versus what
they do at school now, it's as a completely different world.
Presumably that works through venture.

Speaker 13 (38:36):
So certainly in primary schools, I think we've improved a lot.
But having just done a national representative survey in New
Zealanders around sunburn, unfortunately our young people are being sun
burned at really high rates. So about sixty four percent
of New Zealanders last year reported there were sunburned for
young people between eighteen and twenty four that was close

(39:00):
over eighty percent. So the message is not getting through
to that population. So they're okay in the young age
group largely, but it falls off is instead of moved
through the teens and young adults.

Speaker 2 (39:11):
So you must have been to the beach like I
do in summer, and you see the two groups of people,
don't you. You see the people with the hats and
the shades and all that sort of stuff, and then
you see the people just lying out and say and
you know they're not changing because they're having a good time.
They love being brown and it is what it is, Yes,
and it.

Speaker 13 (39:26):
Is definitely difficult to shift that culture and that is challenging,
but something that we're.

Speaker 2 (39:33):
Working on all right, Roman, appreciate it. Roman Mackino, Senior
Research Pellow a Tiger University. Mike, can you please ask
the Prime Minister all the good newsgalers? I don't need
to because I've got your answer. When are doctor prescription
is due to be changed to yearly at the moment,
especially people on lifetime medication are having to apply for
a new script every three months, sometimes costing them more
than having a consultation. The answers By the end of
the year. The legislation's got to go through the end

(39:53):
of the year. I raised this on the program about
a week ago. What I wasn't aware of. My understanding
was always that you did it every three or six
months based on the are you on the right pills?
Have you grown a third leg? Is the problem with
the medication? It was that, whereas clearly appears to be
just as much about administration. So in other words, the
pharmacy gets some chiching and the doctor every time gets

(40:16):
a bit of chiching, And it seems to me to
be sort of a money earning exercise. But anyway, the
answer to your question is by the end of the year.

Speaker 1 (40:26):
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it by News Talks.

Speaker 2 (40:32):
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(41:37):
and the Auckland University back down on they papatl marta
raw course is the vote. So the university council had
a vote. They voted seven to two to make it voluntary,
from compulsory to voluntary. One person of state lot of
staff wrote a letter complaining. Hundreds of staff wrote a
letter complaining they wanted it to stay compulsory, giving I
suspect an insight into what a bunch of control freaks
a lot of university staff are. As far as balls

(41:59):
ups go, this is a good one. A university making
a course far less a cultural leadervisive course compulsory has
to be seen as the height I would have thought
of academic arrogance. University is not about compulsion, It's more
about exploration. It was an appalling decision, always destined to
end in tears given no one asked for it, and
those forced onto it didn't want it, all like it
all the while they got to be guinea pigs and

(42:20):
a cultural and race based experiment. Noah, the university followed suit.
So after the inevitable black clash, the backdown. So some
questions as to recompense. What about those who were forced
to pay for this compulsion? I mean a course that
went nowhere is worth nothing, and yet students took out
debt for the bill. Where's the refund? What about the
lost study of opportunities, the courses that weren't taken because
kids were forced to study something that didn't want to.

(42:41):
How long does it take to make up the lost time?
What about the costs associated with a setup, the hiring,
the organization, the running of an event that, in the
grand scheme of things, never got off the ground. What
level of fiscal and energetic waste is there in that?
Perhaps most importantly of all, has a decent lesson been learned?
Have not just Auckland, but all universities see the damage
that arrogance and ignorance can do, the damage to the

(43:02):
reputation of an organization, the damage to an offering, ie
university study that's supposed to be based on freedom and
free will of exploration and learning, not regiment and dictatorial oversight.
The students who were forced into this nonsense deserved two
very specific things. One an apology, Two their money back.
Partking very good letter from Judith Collins. I don't know

(43:25):
that the media are going to run the whole thing.
They should. You should all get a copy. Everyone should
get one in the letter box and you can read it.
So first point we regret even more, she says, in general,
regrets that the strike appears to be politically motivated by
the unions. What else could possibly explain This was the
showstopper for me, and it was the start of the letter.
What else could possibly explain that? In early October when

(43:47):
we were trying to negotiate with the Secondary Teachers' Union,
the number one item, the number one item on their
agenda for a meeting with Education Minister Erica Stanford was Palestine. Palestine.
That's her saying that, not me. She reiterates it, not
terms and conditions, not student achievement, not the new curriculum. Palestine.

(44:08):
That's not what students or parents should expect, is it.
I mean, does that come as a revelation to you
the country? She makes another valid point. I don't know
if it sits well with people. The country is simply
not earning enough to meet all these calls. After a
huge increase in public spending over COVID in the ensuing years,
public debt exploded and the financial year in June twenty five,
New Zealand spent eight point nine billion dollars just servicing debt.

(44:31):
This was more than the government spent on police corrections
the Ministry of Justice, Customs and Defense combined only by
New Zealand becoming wealthier, can we afford to spend more
He letter goes on to outline some of the salaries
and the income's teachers. Primary teachers, sixty six percent will
be paid a base salary of at least one hundred
thousand dollars within twelve months of ratification. Latest offer to

(44:54):
secondary teachers means seventy six percent will be paid a
base salary of at least one hundred thousand dollars from
the twenty ninth of October. There's a good numb senior doctors,
big numbers. Nurses average salary or a graduate nurse seventy five,
seven hundred and seventy three. They're reasonable numbers. That's a
graduate nurse for goodness sake. So a decent letter. I
hope that New Zealanders get to see the actual numbers

(45:15):
and we'll talk more about it with the Prime Minister
after the news.

Speaker 3 (45:19):
No fluff, just facts and fierce debate.

Speaker 1 (45:22):
The My Hosking Breakfast with a Veda Retirement, Communities, Life
Your Way News togsda'd be.

Speaker 2 (45:28):
Three minutes away from eight Monday morning. The Prime Minister
is in our studio. The very good morning, Good morning morning.
The letter, the letter from Judith Collins I thought was
a good letter and I was just saying before the news,
I hope people get to see it in the detail
because a couple of things won. The Palestine thing was
a revelation to me. I mean, I mean, can you
explain it in any way, shape or form why Union

(45:50):
would have number one on the list Palestine?

Speaker 5 (45:52):
No justification for it, really, and it just sort of
speaks to the members sort of not being represented by
their union very well. And I think if you're a
parent or a kid or a patient sort of seeing
what the action is, I think people understand it's politically motivated,
and we just want them to get around the negotiating table.
We had the Primary Principles Union come through and close
there dally out on Friday, and you know, they got

(46:12):
in there quickly fast, they did a good deal. You
know they're going to get two point five percent immediately,
two point one in a year's time, four point seven
percent within a year really, So we just want them
to be constructive and get around the table. But I
think you know the other thing is, like you said,
they're going we actually have a bunch of teacher only days.
We've just come back from school holidays, We've got Labor
Day on Monday, and there's a strike going on this week.

(46:35):
We've not unreasonably asked schools teachers to think about doing
teacher only days during school holidays and professional developm during
school holidays so that we can get our kids taught
during the during term time. So yeah, look, I just think,
you know, there's a bunch of political motivations going on
and they just need to get back to the table.

Speaker 2 (46:50):
That was the other revelation in the article for me.
In the letter for me, they due to claims. They
rejected that. So your business of doing your teacher ony
days and holiday they rejected that. Do you have no
control over them? Are you not ultimately their employer?

Speaker 5 (47:04):
No, because they're I think they're actually employed by well
actually in this case, the Public Service Commissioner is leading
the negotiation centrally. But you know, again that's something that
you want to be discussing on those It's not just
always about the rate. It's also about terms and conditions
about how we can deliver services in an efficient, more efficient,
better way. So I just say, I think that's on

(47:25):
an unreasonable request when when you sort of think about
the twelve weeks of school holidays that exist across this
country each year. No, And I think when parents get
mucked around, and then you've got public holidays on top,
you know, there's quite a lot of you know, we
just want to make sure our kids can get back.
They've missed a lot of schooling. We're two weeks out
from NCAA. Parents get mucked around with their schedules, and

(47:45):
I just think we're just encouraging everyone to get back
to the table and negotiat.

Speaker 2 (47:48):
We talked to Swimming and Brown last week. He seemed
to indicate, Oh, I want to see how serious you are.
Are you looking at changing the law on compulsory arbitration,
not currently, but ultimately, you know, you want.

Speaker 7 (47:59):
People to be protect their right to strike.

Speaker 5 (48:01):
But also you know, if we've got life preserving challenges
and a healthcare system, that's something we'd have to consider
as well. But for now, our answers get back to
the table.

Speaker 2 (48:10):
Yeah, this is where I get some I have an
element of simpathy here because because of your fiscal constraints,
what they're arguing over is one percent two percent, and
they're going well inflations two point seven. We're actually going backwards,
which is a mathematical fact. Would you pay them more
if you had the money. Yeah, we would if we
were a wealthier economy like we see in other countries.

(48:31):
Think about Ireland twice as wealthy per person as New
Zealand got twice as many teachers. They can pay their
pay their people more. But you know, the irony in
here is that it was labor that actually tripled the debt,
made us make nine billion dollars worth of interest payments.
And we've got to make the country wealthier. When we
make the wealth, When we make it wealthier, we can
afford better public. So well, the problem. Every time I've
had a unionist on this program, I asked the inevitable question,

(48:53):
which is we have no money, we have less than
no money. What where do you want that money to
come from? And their answer is consistent that tax people more.

Speaker 5 (49:01):
Yeah, we're borrow more, tax more spamily. Right, that's the thing,
and that's what's caused the mess. That's what's caused inflation
and interest rates go through the roof and cause suffering
for regular working folk in his element.

Speaker 2 (49:11):
So this is the political slash philosophical debate I guess
we're having at the moment. These numbers in this letter,
do you see them whether it be primary or secondary
or indeed doctors or nurses. Are these wages that are
in this letter, to your mind reasonable wages forget you
one or two percent, But does sixty six percent of
primary teachers earning a six figure salary? Does that strike

(49:32):
you as a fair wage or not?

Speaker 9 (49:33):
Yeah?

Speaker 5 (49:34):
Look, I mean we have to start from where we
start with current set of wages. We would love to
pay everyone more, but that flat to happen. We've got
to be a much wealthier economy. And what you have
to do is just make sure that people are protected
through the cost of living and through inflation. And that's
why a lot of our conversation and the terms and
that'll be between the employer and the unions as around
inflation adjusted sort of our settlements. But you know, again,

(49:56):
we're not going to backdate payments and that's as a result,
you know, I think members going to be every every
week of a delay that's been going on is actually
not serving those members.

Speaker 2 (50:04):
Well, which in Peter's and Fonterra is is he on
a thing here is just going to turn into something
We're going to have to bang some heads.

Speaker 5 (50:10):
Well, Look, I think the last thing farmers want is
politicians telling them what to do, and well he's doing it.

Speaker 7 (50:15):
Yeah, he can do it.

Speaker 5 (50:17):
And I've got a different view from him as to
what I think is the right. You know what what
I think they could do.

Speaker 2 (50:22):
Is he in a position to threaten regulation?

Speaker 11 (50:24):
No.

Speaker 5 (50:25):
Look, the farmers, this is their business, this is their livelihoods.
It's their decision ultimately, and you know, and I trust
our farmers are to do what they want to do.
That's up to them. But you know, politicians can have
their reckons. Whinstin's got his, I've got mine. I actually
think you know, the consumer brands business is not nearly
as profitable as the as the food ingredients food service
and ingredients business. It's a higher margin business what they're doing,

(50:47):
and so it's a good thing to sell it, to
be honest.

Speaker 2 (50:49):
Well, there's an Alliance vote today on the door meats thing.
Would you sell that as well?

Speaker 5 (50:53):
Look, I mean the commercial decisions and you've got to
be able to access capital if you want to expand
or protect that business. Look like they're with a really
good partner. But again, why would government get in the
middle of all of that. That's up to individual businesses
to work out how they have capital and it's up
for those shareholders and owners to make those decisions.

Speaker 2 (51:10):
I couldn't work out over the weekend. It said that
there's a flood, there would not mind a flood of
visa applications from two hundred parents. Those are the parents
abuser for people in the country and the changes you
make to the USA, So it is two hundred of flood,
don't I don't think so. I mean that's I'm just trying.

Speaker 5 (51:25):
To work out whether it's a flood or whether it's
the trick feels like, you know, suddenly at the lower
end of what our expectations were and what we planned for.
But again, what we're designed there was to say, look,
you know, if you want you're a migrant to New
Zealand or a New New Zealander, you don't have any
family support, you want to be able to access that
you can. It comes at quite a high cost because
we need to make sure that they pay for their

(51:46):
own costs around healthcare and the consumption of infrastructure.

Speaker 2 (51:49):
What's inflation today? And does it worry you?

Speaker 5 (51:52):
Look, it'll be interesting. I mean, it could bounce around.
I don't know the number. I haven't been told, but
it could be you know, as you've heard people say
it could be bouncing in around three percent. What the
Reserve Bank of New Zealand looks at and what we
sort of look at is what's the medium term inflation.
It's supposed to be two percent next year, which what
gives them confidence to keep lirering rates. I think there'll

(52:12):
be better swing than roundabouts. You know, you're seeing massive
growth and red meat prices around the world, You're seeing
you know, dairy On the other hand, you've got rents
the lowest it's been i think since twenty eleven at
the moment, and interest rates coming down.

Speaker 2 (52:24):
Yeah, but the problem is what you're worried about the
calcul rates. Yeah, exactly. So the half they said, exactly.
So the council is the problem, the power companies the problem,
the insurance companies the problem. And so what do you
do about that, because that's the political part of the equation,
isn't it.

Speaker 5 (52:38):
The biggest part of it? As council rates it's about
twelve twelve point five percent, and you think about inflation
running at two point seven today, so it's a big
contributor to you know, it's about I think thirty five
bases points of that as actual council rates. That's why
we want to explore council caps rate caps because actually
to make sure counsels are using their balance sheets appropriate.

Speaker 2 (52:57):
When you say explore, when are you actually doing something
about it?

Speaker 5 (53:00):
Quarter before Christmas, we'll have more talk about it.

Speaker 2 (53:03):
Well you talk about you'll talk about it this quarter,
will you.

Speaker 6 (53:05):
No?

Speaker 5 (53:05):
No, no, we're working up the policy design work right now.
That's what Simon Watts has been working on as Local
Government Minister, and then he'll bring that to Cabinet and
we'll talk about it.

Speaker 2 (53:15):
From random stuff that you may or may not know about.
Are you aware of the home baking home cake baking
review that your government has launched last week? Are you're not?

Speaker 3 (53:24):
Clearly?

Speaker 5 (53:25):
Oh, that's on the part of Seymour's hospitality.

Speaker 2 (53:27):
Well it appears not. It appears that there's a hospitality review,
So I get the hospitality review. But he was also
there with Andrew hoggad last week cutting a cake and
he's going to loosen up the rules around home cake baking.

Speaker 18 (53:40):
Yeah.

Speaker 5 (53:40):
Well, there's some pretty big issues that I think we
want to get to, which I get this country get
rid of red tape and green tape. That's probably not
the red tape that I was imagining with.

Speaker 2 (53:47):
No, apparently there's a review underway.

Speaker 5 (53:50):
Now that's great.

Speaker 2 (53:51):
Here's here's the next thing. Do you know what tar
fuck aerospaces?

Speaker 9 (53:55):
Yeah?

Speaker 5 (53:56):
Down down in christ here it's okay, good?

Speaker 7 (53:57):
Yeah.

Speaker 2 (53:58):
Did you realize that they've moved away from rocket launchers?
This is the government funded aerospace unit, right, Yeah, you've
moved away from rocket launches into what.

Speaker 5 (54:08):
Well we've still got it there for like people like
dorn Aerospace that have got spacecraft and also satellite propulsion systems.
That's where they're based.

Speaker 2 (54:15):
You're into flying cars apparently fantastic.

Speaker 7 (54:18):
Isn't that great?

Speaker 2 (54:19):
I don't know that that's fantastic. I mean, what's the government.

Speaker 5 (54:22):
But you don't get flying exton martians?

Speaker 2 (54:24):
No, well you might one day, but at what point
is the government's involvement in this thing?

Speaker 5 (54:29):
We're very jetson is like it is? It sounds cool
but cool.

Speaker 2 (54:33):
I'm just worried about the economy. I'm just and if
we can produce a flying calfeine, can I just tell
you what's going on there? That You've got a great
city in christ Church, it's got brand new infrastructure in it.
You've got an awesome university with a great engineering school.
You've had fantastic startups come out the back of it.

Speaker 5 (54:46):
I think Dawn Aerospace, Kea Aerospace, a bunch of them
that are really doing advanced aviation in space, and like yellsmire,
there you've got that launch pad, which is actually a
huge opportunity for us. So the question is what more
can we be doing it?

Speaker 2 (55:00):
If they pivoted to flying cars, you'd go for enough
vast aviation space.

Speaker 5 (55:03):
All that stuff we're all in on because actually, do
you know we're the third biggest launcher of rockets in
the world.

Speaker 2 (55:08):
I didn't.

Speaker 5 (55:09):
Actually we overtook Russia last year, so we go US, China,
New Zealand and then Russia.

Speaker 2 (55:14):
So why have you held that to the end of
the interview. I mean, that was your fun fact for
the morning.

Speaker 5 (55:18):
If we didn't ask about the flying cars, if you'd
come out of the blocks asking about flying cars up, I.

Speaker 2 (55:22):
Would, personally i'd front load the fun facts if I
if I was the Prime Minister, front load of fun
facts at the start.

Speaker 5 (55:30):
Anyway, that requires an interview to ask you the fun
fact questions.

Speaker 2 (55:34):
That's true, Actually we should have a separate section. Anyway,
we've had enough any more fun facts. You don't anything
else any more reflection you want to give me for
the thirteen away from eight.

Speaker 1 (55:44):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News.

Speaker 3 (55:49):
Talks, it'd be Mike.

Speaker 2 (55:51):
The average residential insurance cover includes thirty eight percent of
government charges. They're a big part of the insurance constant
portability issue. Well, the question is what percentage has that
gone up by the same amount your premium's gone up.
I mean, you can't blame the government as much as
you can blame the insurance company. I would have thought,
mind you, the insurance company will go look at the weather,
look at the problems, look at the issues. Mike has
a retired principle of some years now, have been actively
involved in our union. I'm appalled by the current bloody

(56:13):
minded attitude of the current unionists. Give Seymour as due, Mike.
The government red tape creep happened over many years and
it has to be peeled back one and it's rear
at a time. I'm not criticizing. I just thought it
was slightly odd the cake, Mike. The government could reduce
rates across the country by a fifteen percent of they
took the GST off the rates. You can't go down
that track, Maggie. As Roger Douglas quite rightly said back
in the eighties when he introduced this, he said, if

(56:34):
you make one exception, you've got a million exceptions. Look
at Australia, it's a complete fiasco as to what they
put tax on and don't put tax on. It's fresh food,
it's frozen food. Its rates here, it's this there, it's
poor people, it's rich people, or so it goes offshore investors, Mike,
look at the rate rise capability as a major risk mitigant.
That's an interesting point, Mike. When will it get to
the stage when the government has to say the education

(56:54):
and health budget is at a maximum. It's an interesting question,
particularly around health. We spend an ex sis of thirty
billion dollars on health every year and the Prime Minister's
line has always been, and I think he's right enough
yet to be proven wrong that that's not enough for
a small country of five and a half million people.
Just how much do you need to spend on health
before it's enough? It's a clear question.

Speaker 1 (57:16):
A k wait the Mike asking breakfast with a Vita
Retirement Communities News togstead be.

Speaker 2 (57:23):
About to go in Texas. As they walked down to
the cars, Heres, Liam, Liam.

Speaker 5 (57:26):
How are you feeling a bit warm but good? I
think have you had your ace bath this morning?

Speaker 2 (57:32):
Just a lot of ice around me right now. But's
it's close.

Speaker 17 (57:36):
It's going to be tough.

Speaker 2 (57:37):
Everybody's very similar pace, but the when there's completely opposites yesterday,
so it's going to be tough for us.

Speaker 17 (57:43):
It'll be yeeha through the SS though on the first
sector we have more low now.

Speaker 2 (57:47):
Through the SS, so it's going to be quicker.

Speaker 7 (57:49):
Yeah.

Speaker 2 (57:49):
I think mart was trying to make it sort of
lighthearted and Liam was probably concentrating on the job. So
he starts twelfth today. He did okay in the sprint
race over the weekend. There's two more sprint races to
come for the rest of the season. The real story,
of course, is that the McLaren's crashed and the stap
in one that was in the sprint race, so the
gap closes even more. And the discussion around the F

(58:12):
one circus on the so called Papya rules and whether
these guys can actually race and whether it's a big
stitch up against Piastre becomes increasingly fascinating and the ongoing
story Helmet Marco interviewed over the weekend. They're making a
decision on the red bull seats, and the red bull
seats include the racing bull seat. They're making a decision
post Mexico, so a couple of races away and they'll
know where Yuki is. And you can tell if you

(58:33):
followed the f one over the weekend. There's a thing
going on at the moment between Lawson and Sonoda and
Sonoda's particularly edgy at the moment and Lawson's hiding most
of it, but they must be under tremendous pressure. And
then that's before you get to Hadja, who in the
sprint qualification over the weekend drove into the wall in

(58:53):
a way that he sort of did in Melbourne at
the very beginning of the season, except this time who
wasn't raining. You just sort of lost control of the
crab went into the wall.

Speaker 7 (59:00):
And that is that called doing a hosking?

Speaker 2 (59:01):
Is that very similar to doing a hosking? But what
Hosking didn't do I'm here to tell you is is
it clearly a very emotional guy Isaac or Zach as
they call him, because he started hitting himself in the head.
But he I don't know whether he knew he had
his helmet on still or whether he was concustined he
didn't realize his helmets on. But I just think, when
the world's watching you and you've made a mistake, no problem.
Just get your head down, walk away quietly. Don't hit

(59:23):
yourself in the head because it makes you look unhinged. Anyway,
News and we'll have more sport than the lads in
the commentary box.

Speaker 1 (59:29):
Shortly asking the questions others won't the mic hosking breakfast
with the defender embraced the impossible news Togs dead be sprung.

Speaker 9 (59:41):
Room no One.

Speaker 17 (59:46):
William says that O Targo through the best him piece
the grand vile deed.

Speaker 2 (59:52):
Jannibrey made Hawks by forty nineteen. All hosts Otago and
the Pupi and.

Speaker 11 (01:00:00):
The Spoils are shared in the West.

Speaker 3 (01:00:03):
Wellington have drawn there opening round match in fine consecutive seasons.

Speaker 19 (01:00:09):
There was a match that has certainly left the promise
of more to come for these two sides. As we
finish here at Amy Park, Melbourn Victory nels Alton FC now.

Speaker 10 (01:00:20):
I did the second place and already Oscar Piatrie.

Speaker 3 (01:00:22):
It's up Pump and the heads of George Russell.

Speaker 17 (01:00:25):
In the Mercedes Lowis Hamilton is also ahead of Russell,
who had a poll start of a stafford getting the
job done just like.

Speaker 1 (01:00:32):
You did yesterday the Monday Morning Commentary box with Spears
Finance smart, i said, and equipment finance for Kiwi businesses.

Speaker 2 (01:00:41):
Lawsons dropped the place already. I mean this is early days,
it doesn't really matter. But they've got away cleanly, is
the main point. So they're in the third lap, but
they've got away cleanly. And the strategy appears to be
one of them was that leclear was studying on the softs.
He was studying on the soft so he's obviously looking
to rock it out as quickly as he can. He's
currently second. It's a one stop. Normally, normally one stop
you start on your mediums, go to your hearts. But

(01:01:03):
Leclaire's trying the soft two. I'm assuming hard strategy, so
we'll see how that goes. Anyway, it is time to
welcome to the Progio Andrew Settled and Jason Pine. Good
morning to both of you.

Speaker 17 (01:01:13):
Morning for Stephen's leeds already about what one point eight?
Will it be a precision?

Speaker 2 (01:01:19):
Probably? But the point will be The interesting thing is
do the math if this is going to be the
way of the rest of the season. Are there enough
races left because the gap between twenty five and eighteen
and other words first and second in terms of points,
are there enough races left in the season for it
to close each week to the extent assuming that McLaren
comes second and third, of course, enough race is left

(01:01:40):
in the season to make it by the time you
come down to the last race. Maybe something quite exciting,
isn't it?

Speaker 17 (01:01:48):
Isn't it? Doesn't it prove again?

Speaker 9 (01:01:50):
The Maxi Stepan is a genius.

Speaker 2 (01:01:52):
He is a genius generation speaking.

Speaker 11 (01:01:55):
Of what what about your wisher? Sorry Mike? What about
the pressure on Liam Lawson? I heard a you're so right?
How can he drive?

Speaker 9 (01:02:02):
You know?

Speaker 11 (01:02:03):
Focused on this race with everything swirling around in the
background about his seat next year? He's a little feud
with Sonoda. By the looks of it, Hadja is going
to get the red Bull seat. There's other names floating around.
Shouldn't they just tell them that they're going to be
there next year or not?

Speaker 2 (01:02:19):
I would have thought. So that's how red Bull played
the game. We don't know what laws knows, of course,
but publicly he doesn't know allegedly, But yeah, you're right,
i'd find that repressive. And I argued last week, not
last week, the week before last when they're in Singapore.
The reason he hit the wall several times, and he
doesn't hit the wall normally as he's overdriving the car
because he's under so much pressure and you're second guessing

(01:02:41):
yourself and you're doing things. George Russell has or a
very good interview with George Russell over the weekend and
he said it took him a while to become really
comfortable in the car to the point where he knew
he had a job, he knew he could relax, and
it's at that point you become your best self. And
if you're constantly looking over your shoulder going do I
have work next year? Then you that's when you drive

(01:03:02):
into the wall and make mistakes. And so I would
handle it differently if I was Helmet Marco or Christina Orna, whoever.
So you make a good point. Well, I wasn't going
to raise Andrew, but I will now because two people
this morning, have raised it with me. One was the
prime minister and one was the boss who just came
in and they all had the Otani story. Do you
know about the Attorne story?

Speaker 7 (01:03:22):
Yes?

Speaker 17 (01:03:23):
On Saturday especially, Yeah, he pitched this is the La Dodgers,
the Japanese superstar. He pitched what six or seven innings
ten strikeouts, which is a fantastic feat in itself, but
also hit three home runs in that one game, and
the Dodgers booked a place with that win into the

(01:03:44):
World Series.

Speaker 2 (01:03:45):
That was amazing the game.

Speaker 17 (01:03:47):
I mean, Babe, Ruth what one hundred and fifty years ago,
one hundred years ago pitched and hit and he was
seen as the greatest. But Otani is next left, just
rewriting his own his own Did you realize he's on
one and a half a ten year, one and a
half billion dollar contract, right, But back load he gets, Yeah,
he gets paid a couple of meal each year for

(01:04:09):
the next ten years while he plays, and then I
assume once he retires he gets about one hundred and
fifty million dollars a year.

Speaker 2 (01:04:17):
I don't know how they did it, because it's it's
to avoid the salary cap or the amount of money
they have to spend on players, but one you're taking
old have thought a massive risk. I mean, who owns
the team, who's running the team in ten years time
when you're going out the other side too. They have
the money, Tani.

Speaker 17 (01:04:31):
You'd like to think the Dodgers have put the money
into a high earning interest account and he gets even
and he gets even more because in ten years time,
one hundred and fifty mili was still a.

Speaker 3 (01:04:42):
Lot of money.

Speaker 2 (01:04:42):
Right, of course, of course, what I was talking to the.

Speaker 7 (01:04:46):
Correct me if I'm wrong.

Speaker 17 (01:04:47):
They don't actually have a salary cap in baseball, that's
what it's.

Speaker 2 (01:04:49):
No, they don't, but they when you're paying a guy
a billion dollars, it sort of stretches your funds no
matter who you are. As I think his point. But
what I was saying that the Prime Minister off here,
which I find interesting, is he doesn't speak a word
of English. And so how you live in America and
play an American sport with Americans are a lot of Americans,
not uniquely, of course, and yet still perform at that level.
Being kind of linguistically isolated must be an interesting time, Musn't.

Speaker 9 (01:05:13):
It signals don't they?

Speaker 11 (01:05:15):
So?

Speaker 2 (01:05:16):
Yeah, but you know what I mean, It's like when
you say, oh, mate, that was awesome. I mean, he
hasn't a clue what they're saying.

Speaker 17 (01:05:23):
I just I don't think the Dodgers or showhy would
struggle to fund an interpreter.

Speaker 2 (01:05:30):
But you know the interpreter story though the interpreter gambled
the initiative.

Speaker 3 (01:05:35):
He stole.

Speaker 2 (01:05:35):
All the money is interpret stole all the money is
in jail or he went off to court.

Speaker 17 (01:05:41):
That's what you call lost an interpretation.

Speaker 11 (01:05:43):
Just just speaking Japanese and pitching and hitting it is
it's it's most pitchers don't even bat, do they They
don't even.

Speaker 16 (01:05:51):
Go out to.

Speaker 2 (01:05:53):
To batand picture is a remarkable thing and to do
it at his level is an astonishing thing. And well
Worth looking up need to talk out the breakers because
he ended up watching them yesterday. More in a Moment.

Speaker 1 (01:06:02):
Thirteen past the Mike Hosking Breakfast Full Show podcast on iHeartRadio,
Carlett Blay.

Speaker 2 (01:06:08):
News Talks, b News Talks, sixteen past eight.

Speaker 1 (01:06:13):
The Monday Morning Commentary Barks with Spears, Fight Ads, Smart
Ass and Equipment, Fight adds for Kiwi businesses.

Speaker 2 (01:06:20):
Carla Science has just run into Antonelli. So both were out.
Lawson's currently eleventh, so he's won off the point. So
things looking moderately promising. Andrew Sevil with us along with
Jason Pine. Did either of you see the basketball yesterday?

Speaker 7 (01:06:33):
Yeah? I watched it.

Speaker 2 (01:06:34):
Well, are we any good? I couldn't work it out.
We were training by a mile, but I couldn't work
out whether we're any good? What do you reckon? Jason?

Speaker 11 (01:06:40):
I think we're okay. I think we're okay. We're not
not championship material? What be two and six?

Speaker 3 (01:06:46):
Now?

Speaker 11 (01:06:46):
They played well against Tasmania on Friday night at home.
Melbourne United are a good team. They're seven from seven,
so we shouldn't get too downcast. I think they're there
or thereabouts. Parker Jackson cart Right is the star of
the show. They've got, you know, some good players, Like
I say, I don't think they will. I don't think
they'll challenge for the title. Hey, Mike, Mark sorens And

(01:07:07):
has just texted me and said that o'tanni does understand
a little bit of English, does o greatest greatest softballer
clearly a big listener to your show. He's just told
me that o'tanni understands a little bit of English.

Speaker 2 (01:07:19):
And encouraging Andrew. The semi finals in the NPC were disappointing,
but I think even the Bay of Plenty guy said,
you know, it's like losing the final was hopeless. I
mean you want them to be better than that, don't
you mean? Canterbury the player will win both.

Speaker 17 (01:07:34):
Hawks Bay and Bay a Peniy respectively. Friday night? Saturday night,
wasn't it. They stuck with the Otago and Canterbury until halftime,
but then those two teams.

Speaker 3 (01:07:44):
Just blew them away, didn't they.

Speaker 17 (01:07:46):
You've got the best defensive team Canterbury against the best
attacking team Otago in the final. You've got one hundred
and fifty years of history, You've got Canterbury perennial winners.
You've got Otago the last time that what was it
ninety eight? So it should be a cracker of a final.
I'm not too sure. Jason might be able to fill
me in. Why is it at three o'clock in the
afternoon on a Saturday, Anonymous, it was.

Speaker 11 (01:08:07):
Four o'clock, it's right, right, yeah, I don't know the answer.
I'm trying to think of this.

Speaker 2 (01:08:13):
There's something else on, there will be something else.

Speaker 17 (01:08:15):
Anything else. I don't think there's anything else on.

Speaker 2 (01:08:17):
Well, I got lunch and maybe it was because I'll
be at lunch.

Speaker 11 (01:08:21):
Well it must have taken two accounts.

Speaker 2 (01:08:23):
Yeah, well I don't know.

Speaker 6 (01:08:26):
This.

Speaker 2 (01:08:27):
Well I got to come home and you know, relieve
yourself after a jug of beer and settle yourself down.
You need time.

Speaker 17 (01:08:36):
Coronation Street omnibuses on at eight o'clock.

Speaker 7 (01:08:39):
I think Saturday night might for you. What's this?

Speaker 2 (01:08:43):
The R three sixty thing got fascinating. I thought when
the league came out last week on the ten year band.
Who has the right to do that to an individual?
But you can't just go to somebody and go if
you go do that, I mean contractually, I get it.
You know you've got to see your contract out. I
understand that part. But once you're in a you can't
just go around.

Speaker 11 (01:09:04):
The agent. But it's the interesting part, and that excuse
me that players, I guess most of them won't want
to come back to the NRL anyway to be the
back end of their career. They'll say, well, okay, I
wasn't coming back anyway. But for the agents. An agent
who advises a client to go to a rebel competition
in this case our three sixty he is also then blacklisted.

(01:09:25):
But what about his other clients he's supposed to do
with it? I think, I mean Peter Blandy's bolshy guy.
I don't mind him. Actually he is undershamedly NRL and
absolutely nothing else. But yeah, I'm not sure that if
they tested it in court or whatever, it would stand up.

Speaker 17 (01:09:43):
Now for Rugby Union might to do to banned players
from test matches most of the most of the nations
and there for Rugby to do this, there must be
some concern that it is actually going to happen.

Speaker 2 (01:09:54):
Well, they take it, have to because it's Saudi money.
The Saudi has got so much money. It's not like
it's a will it won't it. The sound is.

Speaker 17 (01:10:01):
Money would surely head to the court room and kick out,
especially the NRL threats, wouldn't they exactly?

Speaker 2 (01:10:07):
I would have thought too. The A League is that
any good, Jason? I mean all the draws all there's
just another season draws?

Speaker 7 (01:10:16):
Yes, sake in.

Speaker 11 (01:10:18):
Your voice, I was, I was. I joined this morning
with a sense of doom. A couple of draws for
Auckland f C and the Phoenix to start. Look Auckland
f C a bit clunky in their first game. Second
season syndrome to know, we'll find out.

Speaker 2 (01:10:30):
I guess though, I'm sorry, second season syndrome. Is that
a thing?

Speaker 7 (01:10:33):
Is it?

Speaker 9 (01:10:34):
Well?

Speaker 11 (01:10:34):
Apparently apparently people are talking about how last year nobody
knew about Auckland f C. It was all fresh and
new and exciting and they were excellent. Weren't they look
they'll be good again. Melbourne Victory a good team. It
was bit of a stalemate. Phoenix were good. They were
two ill down, came back to two. All so encouraging
signs there, but yeah, we'd like some wins. The draws
a little bit monotonous, as you know, Mike Andrew.

Speaker 17 (01:10:56):
I think it's severe point, isn't it, Jason? For FC,
it was so exciting last year. Everything was brand new
and shiny. Then they missed out on the Grand Final.
The key question is is it going to be hard
for those guys to lift again to those similar heights
or I think.

Speaker 11 (01:11:11):
If they'd made the Grand if they'd made the Grand
Final or won it, Yes, but the fact is they've
that's been stinging them. That lost to Melbourne Victory. For
it's been stinging for five months. So it's largely the
same group of players as well, so I think that
will be the motivator that they got close last year
didn't get there, so they'll put that right this year. Look,
I think if you think they're a better side apart

(01:11:32):
from the goal, I think they're a better side than
last year.

Speaker 2 (01:11:34):
So you had watching them, you would know anyone texting
in the last two or three minutes and anyone else
you're dropping.

Speaker 7 (01:11:41):
No, I've just heard.

Speaker 2 (01:11:44):
Speaks English as well.

Speaker 17 (01:11:46):
Hey, hey, no b up in Japan. No, Mike, don't
take the mickey. I'd be honored to receive a text
from Mark Sorenson.

Speaker 9 (01:11:54):
Of him, he was a heck of him.

Speaker 2 (01:11:55):
He was a legend. And you've just embarrassed yourself by
not having a decent contact book there, Andrew, I mean others.
Don't worry mate, who hasn't got Mark Sorenson's number.

Speaker 17 (01:12:05):
It's the one that you can hear me speak on
your show because my phone, that is the message alert,
is just pinging constantly up into eight twenty two.

Speaker 2 (01:12:14):
Nice to see you, guys, Andrew Sevil, Jason Pine a
twenty two.

Speaker 3 (01:12:18):
The Hosking Breakfast with the Defender News Togs dead b.

Speaker 2 (01:12:22):
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slash business two degrees, dot end z Ford slash business,
Teas and c supply Husky Whim's eleventh. He's a second
and a half behind Alonzo. So there seems to be
a train forming. In terms of it, it's a big, open,
long fast track five and a half killing meters long,

(01:13:25):
so things will need to happen for them. By the way,
Elbow is, I don't think he's landed because he left yesterday,
but he's on his way to Washington. It's been a
long time coming, so they'd build the nerves and there's
a little bit of something around Orcist and a billion
dollars and they're trying to work out how well it's
going to go, and is in Trump a good mood
and what does he need to say and so on.

(01:13:46):
Other thing that's happening over the weekend across the Tasman
is that we've got basically the opposition melting down. The
Nationals leader David Little Proud Barnaby Joyce has said I'm off,
I quit, I'm not going to stand for the next election.
There was a rumor going around that Pauline was going
to poach him. He says no, but she's now targeting
a whole bunch of the conservative end of the you know,

(01:14:08):
the liberal opposition. So it's all going that particular part
of the world. So we'll get the update from our
good mate Steve Price when he joins us directly after
the news, which is next. They're on the Myke Costing
breakfast and Hughes talk Zvy.

Speaker 1 (01:14:27):
Just for new person over again, opinionated, informed, unapologetic, the
Mic Hosking breakfast with Bailey's real Estate finding the buyers.

Speaker 3 (01:14:40):
Others can't use togs dead b.

Speaker 2 (01:14:42):
He isn't still eleventh gap to a Lonzo's inchrist to
about three and a half seconds, so they're still on
the mediums apart from the Claire, who's on the soft.
Soft is Leclaire's second. He needs to change shortly, so
I don't know what this exercise was for because he's
not so he pits, he loses his back, and the
I don't know what he was thinking. Anyway. We'll see
how it continues to unfold. But for our point of

(01:15:04):
you lawsom to eleventh Mike. Reality for the Alliance group
is that their shareholders, the farmers, haven't capitalized it properly.
The last time they were asked to put capital in,
which was last year by the way of compulsory retention
of stock proceeds, they responded by sending their stock to
the opposition processes. The performance of Alliance has continually been
underwhelming relative to their turnover, only one option in front
of them. Unfortunately, well you refer to the meeting today.

(01:15:26):
The meeting starts at eleven o'clock. The voting starts at
eleven forty five. They count them this afternoon, and we
will know the result tomorrow, twenty three to nine.

Speaker 1 (01:15:33):
International correspondence with ends and Eye Insurance, Peace of mind
for New Zealand business.

Speaker 2 (01:15:38):
So your student's life, morning, mate, Good day. There your
man's fifth as we speak. He had some trouble on
one of the tires earlier on, but he seems fairly solid.
You won't have enjoyed the early part of the weekend
crashing into his mate. Of course.

Speaker 9 (01:15:50):
No, the mechanics will sort him out. They'll make sure
this pit stops slow so that Orlando s goes out
in front of him. That'll happen in the next couple
of hours, you know, that's the the plan. Lando can't
even get past the clerk. That's how bad a driver
Lando is.

Speaker 3 (01:16:04):
I and if that was.

Speaker 9 (01:16:05):
Oscar, he would have been passed him about five times
by now. Anyway, our conspiracy theory holds up. We'll see
what happens, all right.

Speaker 2 (01:16:11):
Indeed, now, so Elbow came back from the holiday, did
the emptiest suitcase of sun gear pack something a bit
warmer and then just jump on board and take off
to Washington.

Speaker 9 (01:16:21):
Apparently he left from Queensland Brisbane, so he didn't even
go back to Canberra or to Sydney. He will meet
with Donald Trump for the first time face to face
in a proper meeting about I tried to work it out,
but somewhere around two am, three am your time tomorrow
morning at the White House. Can you imagine what it

(01:16:43):
would be like thinking, Okay, how am I going to
play this? So Albanezi obviously going to talk aucas that's
the three hundred and sixty eight billion dollar deal. We've
already tipped a lot of money into it. I think
that one Trump card that Anthony Albanezi has in his
back pocket is the rare earths deal. We have lots

(01:17:03):
of stuff in the ground. You know, you know we're
a big mind. Well, we have a lot of rare
earth stuff that no one is digging up and processing
at the moment. But it's desperately needed for everything from
the phone I'm talking to you on to electric cars
and everything else in the world. So if we can
get that deal across the line and do a tariff
argument with Donald Trump, then it's probably going to be

(01:17:25):
seen as successful. But the two men could not be
more Norris has got Pacler Clerk. The two men could
not be more different. Anthony Overeasy is from the far left.
He's a career socialist. Donald Trump obviously is an art conservative.
So we're just going to have to wait and see
how it unfolds. But we'll know about this time tomorrow.

Speaker 2 (01:17:47):
Is anything actually on the agenda per se, apart from
Orcas in the sense he's not going to argue can
you lower our tariffs or adjust our tariffs, or buy
more of this or do there's none of that.

Speaker 9 (01:18:00):
It's about the relationship between Australia and the US and
what's going on in our region and China. That's all
it's about. It's about Anthony ibn As. He's saying, listen, look,
I know there might have been a lot of discussion
about me supporting the state of the Palestine. There might
have been a lot of discussion from your people about
the direction that I'm taking my government. But your relationship

(01:18:21):
and my relation has to be about the region. You know,
we've got a big lump of dirt. We're in the
middle of the Indo Pacific We've got Darwin sitting there,
We've got troops of yours in our country training and
working out what to do if there's ever an invasion
on Taiwan. So let's just shake hands and be mates.

Speaker 7 (01:18:38):
Now.

Speaker 2 (01:18:39):
Barnaby Joyce isn't standing again?

Speaker 10 (01:18:41):
Is that it?

Speaker 2 (01:18:42):
And we take him at his word he's not going
to affect to Pauline And is Pauline sniffing around a
whole lot of other people? And is it going to
go anywhere?

Speaker 9 (01:18:49):
I would have thought Barnaby Joyce won't go to one nation,
but look, he could if he likes to upset people.
He likes to be very different. Barnaby Joyce, just for
everyone's say, he's former leader of the National Party, former
Deputy Prime Minister under Malcom Turnbull, a real character, someone
who's always put a bit of character into Australian politics.

(01:19:11):
Decides not to stand for his seat of New England
at the next election, which we should remind everyone to still,
you know, two and a bit years away, so it's
a long way off. He'll go and sit as he
has been on the back bench as a National but
he won't reset the election. So does he go and
join Pauline Hanson's One Nation might it would be no,

(01:19:32):
but you never know with Barnaby and others may indeed defect.
I mean they're trying to paint one Nation as Australia's
version of Nigel Farag's party in the UK. Pauline is
not that her party is not at that level yet
and probably never get there, but her pouline numbers are
through the roops. Conservatives are going to one nation and
that's not good news for the Liberal puddy. They're the

(01:19:53):
one big losers out of all that.

Speaker 2 (01:19:56):
And how was your Sunday? Do you have you go
downtown on Sunday? Did you do you have a nice sign?

Speaker 9 (01:20:00):
I got seriously. I had some Kiwi friends in town
decided to go to Jamchar in the city. I could
not believe what I saw. There were two protests on.
Now it wasn't the pro Palestinian crowd. This protest called
itself the anti Racism protests. And then on the other
hand you had and I would estimate five or six

(01:20:20):
thousand people marching under the Australian flag who called themselves
the anti immigration protest. The two groups tried to get together,
police had to separate them. The anti racism mob tried
to attack police and started throwing massive rocks the size
of cricket balls the police. Now, the amount of resources

(01:20:44):
required to keep these two groups apart was unbelievable. There
was the mounted Brigade, there was dog squad. There was
normal police officers who were riot police, armed with rubber
bullets and pepper spray which they had to use. And
this happens weekend after weekend after week I'm not normally
in the city at the weekend. I could not believe it.
It is disgraceful.

Speaker 2 (01:21:04):
And are there people in the city apart from the protesters?

Speaker 9 (01:21:09):
Well, this is a strange thing. I mean, there's a
restaurant called Gimblet that you should go to when you
come to Melbourne because you can afford it. Most people can't.

Speaker 3 (01:21:17):
That was full of.

Speaker 9 (01:21:18):
People sitting there clinking champagne glasses while these morons march,
you know, pass next outside the windows. So, yes, the
city goes on as normal, but the amount of police
resources required to keep peace and calm is extraordinary.

Speaker 2 (01:21:35):
Un All right, mate, go, well we'll see Wednesday. Appreciate
a very much the price out of Australia. This morning,
just watching Hamilton in one of the forgotten stories. You've
got to be into f one because otherwise you don't care.
But Hamilton's currently running third, so he's looking for a podium.
I mean, it's still only halfway through the race, but
all things being equal, it looks to me to be
one of those. It's just the positions they hold now

(01:21:56):
are the positions they're going to end up in unless
something blow up. So bastapans leading, Norris's second, Hamilton's third,
so he's looking potentially for a podium. So for a
bloke who's had a hell of a miserable year and
looked in a real funk for most of it, a
podium would be welcome.

Speaker 7 (01:22:14):
He won that.

Speaker 2 (01:22:14):
Remember when Hamilton beginning of the year he won the
sprint race in China and anyone went, wow, what a genius.
He's picked a team Ferrari, they're going all the way
and he's never done anything since. But he's running third now,
so we wish him well. Sixteen to Night, The.

Speaker 1 (01:22:27):
Like Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks.

Speaker 2 (01:22:32):
At be Transportation News. I know the global head of
Lamborghinia over the week and Stephen Winfleman said, quote enthusiasm
for electric cars was declining. They made the announcement that
they're are going to be using combustion engines at least
for the next decade, so that particular trend continues. Now
the next question for you is I note that in
New Zealand. Last day for Greg fan today in New Zealand.

(01:22:53):
So he's on his way, so we wish him well.
They've taken delivery heavy in New Zealand. They've leased it.
They've leased it for four months for a technical demonstrative program. Now,
the different thing about this plane is it's battery powered.
It's going to fly across cook straight this summer, first
electric aircraft. It's a beta Arlier c X three hundred

(01:23:16):
made in America, creating an operational blueprint for operators worldwide.
Who was serious about unlocking low cost, sustainable connectivity for
regional communities. What I'm interested in unlocking for regional communities
is a plane that doesn't fall out of the sky.
Call me old fashioned. Would you book a ticket today
and be comfortable and don't just just bravo it on

(01:23:39):
text for me because you think you call in all honesty,
in all seriousness, if I offered you a ticket today
between Wellington and Pickton. This is clearly if they're flying
them across the Strait, this is what they're doing, or
Pickton or Blena or wherever they're Nelson and wherever they're
flying them to. If I offered you a ticket tomorrow
for a battery powered aeroplane, would you jump on it?

Speaker 7 (01:23:59):
I would.

Speaker 2 (01:24:00):
Now that's not to say that it doesn't work, that
I don't think it does work, that it's not a
good aircraft, that you know, I'm just not into it.
And the next because here's the next point. So obviously,
the reason it's going from a very short point to
a very short point is because battery power doesn't last
that long and whatever you do to get off the
ground drains battery light. There's no tomorrow to the aircraft

(01:24:22):
can't be that big, obviously, so it will never fly
long distance. And even at this level in point in time,
how long before how in other words, to what extent
could you stretch it? Does the plane? Is it the
battery or the size that you're looking for, So you
increase the battery, it'll get you from Wellington, say to
christ Church? Does is that a game changer? Or would

(01:24:43):
you forego the battery and increase the size of the plane.
So in other words, you'd still only fly Wellington to Nelson,
but you could fly more people as technology enhances, or
would you hop on it at all?

Speaker 7 (01:24:57):
Let me know.

Speaker 2 (01:24:57):
Ten to nine the.

Speaker 3 (01:24:59):
Make Costing Breakfast with Bailey's Real Estate News Dogs.

Speaker 7 (01:25:02):
They'd be now.

Speaker 2 (01:25:03):
Next month's marks three years since Resonate Health opened their
very first studio. This was in Silverdale and Auckland, and
back then the idea was bold, idea making hearing care affordable.
That was the idea, affordable and predictable and fair. So
you fast forward to today and they've grown to twenty
nine studios nationwide, two more nearly ready to open as
we speak. So it's not just business growth, it's a reflection,

(01:25:24):
of course, of trust. Key Wei is achosing Resonate because
their model works simple as that. So for far ninety
dollars a month, you get hearing age, you get full support,
you get an upgrade to the latest technology every three years.
Price never rises ever, never rises ever. So from day
one they've been key we go, they've been service led.
They've focused on outcomes, not sales, and that is why
more and more New Zealanders are walking through their doors

(01:25:45):
every day. It's a great success story.

Speaker 7 (01:25:46):
We like that.

Speaker 2 (01:25:46):
Celebrate their anniversary by making the switch to yourself. I
eight hundred resonate, which is eight hundred seven three seven
sixty six two eight hundred seven three seven sixty six
two do it online. If you like resonatehealth dot co,
dot m Z first five and Mike, and the ticket
was free, then I'd take it. If not, I'll take
the faery.

Speaker 15 (01:26:05):
Now.

Speaker 2 (01:26:05):
I see that wasn't part of that. That's like, you know,
you might be culling for a fairy exactly, Ben deaf
wood deaf, Yeah, deafo deaf would Mike. The electric plane
is a fad, just like the ev revolution. It's an ideology,
not a reality. And you'd have to sedate me. I
would love to jump on that plane next one, No Mike,

(01:26:26):
no so one two suit, no wins.

Speaker 5 (01:26:28):
I wonder if it's any quieter, Well, of course it
would be.

Speaker 2 (01:26:31):
Why wouldn't it be electric cars quieter?

Speaker 9 (01:26:37):
You ever?

Speaker 2 (01:26:37):
Flying across the cook straight from Wellington on a small plane.
Speaking of being New Zealand, my sister in law was
on the trans Tasman over the weekend. She was watching
Hack season four. Now, the story about Hack season four
is you can't get it here because it didn't rate
very well according to TV and hack Seed, who had

(01:26:59):
Hack Seed in one to and three, because I am
quite as it was Hack season four and they go, well,
I didn't rape very well, so we'd let it go.
So and I did one of my deep dives. And
you cannot get it in this country on anything, not
even that that that Prime Video with all its subscription things.
You can't get it on anything. And yet suddenly it
turns up on in New Zealand across the testament? What's

(01:27:21):
that about? Did literally nobody want it? So it goes
into the bin of free programs that we're in New
Zealand get their entertainment system from free shows. Five minutes
away from nine.

Speaker 1 (01:27:32):
Trending now with chemist warehouses celebrate big brands and bigger savings.

Speaker 2 (01:27:37):
Why do you keep talking to me in my ear
when we've already discussed on the program that the button
you're using is broken and it hasn't been fixed since
we discussed it was broken. Therefore, you continuing to talk
to me in my ear is literally wasting your time.
See what I have to work with, It's unbelievable.

Speaker 3 (01:27:56):
Point out, that's not me he's talking about.

Speaker 2 (01:27:58):
No, it's not that's the other guy. Sky takes all
the time off with this dog.

Speaker 17 (01:28:03):
Through the.

Speaker 11 (01:28:07):
Fight.

Speaker 3 (01:28:09):
Well, he hasn't got up to the hard bet yet.

Speaker 2 (01:28:13):
Does he know? Does this guy know the button doesn't work?
He's eleven. This is the f one.

Speaker 15 (01:28:21):
No, here we go.

Speaker 2 (01:28:26):
He didn't hold it long. Good he He's no Chris Stapleton.
He's Matteo low pezz He's eleven through. He's a perennial.
It's Matteo. I sing the anthem low pears because he's
done it at the Astros game multiple times, a couple
of other baseball games, ice hockey game as well. But
this will be the big one. Thirty two degrees in Texas?

(01:28:51):
Is this the big bit coming up for the land
of the free?

Speaker 3 (01:28:55):
Here we go free?

Speaker 2 (01:29:05):
Well done, that's nice. So we leave you with the
news that Liam remains. No, he doesn't. He must have
pitted because he's back down the field. So he's sitting
in fifteenth at the moment. But don't panic about that,
because he's petted. They're all petting at the moment. They're
gone from meeting him to heart. So it's just a
mad dash to the line. We're back tomorrow morning from
six as always had.

Speaker 1 (01:29:26):
Days 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