Full Show Podcast: 21 July 2026

Episode Transcript
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Speaker 1 (00:00):
The newsmakers and the personalities, the big names. Talk to Mike,
the Mike Hosking, Breakfast with Defender Trophy, empic Adventure, Greater
Purpose News, Tom said b Illan.

Speaker 2 (00:10):
Welcome today the Burnham train pulls into number ten. We
get our wartime inflation read today Chris Bishop and the
killing sort of of those council Marie dealsis with us,
Ryan Fox after eight to walk us through the celebrations
Captain Field and France end of Brady's in the UK
later as well, We're welcome to the day seven past six,
So welcome to the Burnham era. A set of events

(00:31):
that is, as far as I can ascertain, unique. Has
a person taken over from a resigning Prime Minister, Yes,
Sirnak Brown, Callahan Chamberlain. But they were inmps and in
the Burnham isn't MP, but only justin And that is
the uniqueness of all of this. No one has ever
been an MP left the Commons, been elected elsewhere as
Burnham was in Manchester, then been elected back in to

(00:51):
take over the PM's job. So the events of the
past couple of weeks and not to be underestimated, this
is history, nor indeed were the events which led up
to the Makerfield by election to be underestimated either given
there was no by election, they invented one by the
previous bloke falling on his sword, and he fell on
his sword because of the four hundred and two Labour
people in the Commons, the four hundred and one that
were not Keir Starmer could not find a single one

(01:14):
among their group that they thought might make a decent
or at least a better leader of the country than
the bloke. They had four hundred ish and no leadership talent.
And that isn't a red flag. I don't know what
is anyway. The rest is history and he took over overnight,
as you well aware. Will he last until the election, Yes, because,
as I've just explained, there is no one else, so
it has to work. What will lead though, to their

(01:34):
almost inevitable defeat in twenty twenty nine, is the fact
Burnham is about to drag his party to the left,
and he is doing that because Britain has troubled economically
and people like Burnham in such times think the only
solution is more government and more tax. Britain is already
suffering a mass exodus of the wealthy and he won't
help immigration, perhaps their number one issue outside the economy's
a mess as well, and left leaning government's favor a

(01:55):
softer approach which brings in reform reform. Unlike one nation
in Australia, a more established and electorally especially locally more successful,
Britain is at a crossroads, driven by a fiscal woe
in general anger forage and reform are the opiate for
the times. Is Burnham more charismatic than Starmer? Of course?
Will a new leader give them new hope, absolutely, But

(02:16):
the Burnham view of the world has never led anyone anywhere.
Labour won the election. Never forget because the Tories lost,
not because Labor was ready. They would ask Morgan McSweeney.
Burnham has simply bought them time.

Speaker 3 (02:30):
Wow, news of the world.

Speaker 2 (02:33):
In ninety six, the Manchester to London Express pulled into
Houston in the early House.

Speaker 4 (02:38):
I will lead forward consistent with the manifesto, which also
talked about change, and I now want to work on
the platform that Kirs Starmer has left to deliver that change.

Speaker 2 (02:52):
And the sackings began shortly afterwards.

Speaker 4 (02:54):
I know people at home are fed up with politics.
I hear you, and I want to be honest with you.
We have not been good enough and we need to
be better.

Speaker 2 (03:08):
We will be first to go Rachel Reeves.

Speaker 5 (03:10):
So every young woman and girl, let my time in
office show there should be no ceilings on your ambitions,
your hopes or your dreams. I wish the very best
of luck to my successor and the and his cabinet.

Speaker 2 (03:23):
Under the most beautiful London summer skies. By the way,
the bloke who quit Defense under Starmer, John Healey, walked
up Downing Street.

Speaker 3 (03:29):
The Labor Party and everybody will pull together.

Speaker 2 (03:35):
And because he was the first to walk up Downing Street,
no one saw it really coming. It was supposed to
be Marmoud or Miller Bayn, but it wasn't. So Healy
is your new chancellor. Other matters, I'll come back to
all of that, by the way. Other matters, Trump, who
this morning appears to be dealing with some sort of
capitulation from the Iranians, was yesterday dealing with the dead servicemen. Well,
we feel very badly, but you know, those great people,
those great patriots are out there fighting that are red.

Speaker 6 (03:57):
You're not having a their weapon.

Speaker 2 (03:59):
Yeah. Well, in New York, man Darami's decided to set
his legal department on nit in Yahoo should he touch
down at the UN later this year. This is little
the Hague. Of course, there is some suggestion, of course
he's full of them.

Speaker 7 (04:09):
This is just theater. They're all theater. He's a performance,
he's an actor. You're not in charge of the Middle East.
You are in charge of police. Pick up the garbage,
sholl the pothole, do.

Speaker 2 (04:23):
Your job, not about a pitpoint. Finally, the EU has
handed out a record fine overnight to Ellie Express about
a billion dollars. They failed to stop a legal clothes
of course, in cosmetics and kitchen gadgets being sold through
its website. This is on the back of Timu who
got sprung four four hundred and fifty million X got
two hundred forty million for context. Ellie Express made about
two hundred and eighty billion dollars in revenue last year,

(04:45):
so the one billion's probably not going to hurt. And
let's news the world and chip crack in ninety. The
other thing the Attorney's General I told you about the
other day. They found the judge in California, guy called
Martinez Alguan. He's granted a fourteen day stay on this
paramount WBD merger. So that's off for forty I mean
they we always going to find a judge who was
going to sign it off. What happens next is the

(05:07):
interesting thing, I guess. Twelve past six.

Speaker 1 (05:11):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News.

Speaker 3 (05:17):
Talks eppy.

Speaker 2 (05:19):
And very sadly Overnight in Britain, also and largely missed
due to the fact the drama's unfolding in Downing Street
as the death, of course of Kevin Keegan, who was
my childhood hero. Liverpool was the team. Steve Highway and
Kevin Keegan were the hero. Seventy five had the cancer,
of course, but did many wonderful things for the world
of football. Fifteen past Hearts Andrew Callaho, good morning, very

(05:41):
good morning, Mike. Q two Inflation the war, it's all on.
What'll we say? So it's fourish, isn't it? Roughly?

Speaker 8 (05:48):
Yeah, But it's Inflation day, Mike, And after all the
sporting excitement of the last few days, we're going to
have an excitement gap, so we've got to fill it
with something. So we're going to fill it with Q
two inflation. What could possibly be better? So CPI inflation
for the second quarter being released by SAT's New Zealand today. Look,
in some senses, it's historicals and it's already happened. And

(06:08):
if it's actually if it's a little bit over, a
little bit under expectations, I think the Arbenz has made
it quite clear that they're worried about a sort of
a reacceleration of growth and a sort of related higher
level of inflation rey expectations. They're worried about that working
its way into pricing behavior and how pressed over got inflation.
So if it's a little bit over a little b under,

(06:29):
I don't think it changes that dynamic. Look, there isn't
another dynamic at the moment. I think it's quite interesting
because this re escalation of the Middle East hostilities, you know,
the oil price has gone back up, so that puts
some short term pressure potentially back on inflation, which could
get again put the brakes on that sort of you know,
on the economic recovery. Now and in the last week.

(06:50):
I don't like to mention this, but we've had a
little bit of cold water sprinkled on that little burst
of optimism we were feeling.

Speaker 2 (06:56):
You know, we've had the arionan Z.

Speaker 8 (06:58):
The's quite softer housing card transactions, a little weaker down
revisions to migration, So there's a lot going on and
a bit of a higher level of competing forces, I think.
But the RBNZ playbook is clear reset the official cash
rate closest to neutral. So these sort of potentially higher

(07:19):
fuel prices and a slower return to more normal inflation
could sort of potentially increase the RBNZ concerns about inflation
expectations becoming unanchored. So that's that's all a lot of
the sort of context. Mark's forecasting one point four percent
for Q two inflation, four percent for annual split that
down two and a half percent for tradable inflation, zero

(07:39):
point six percent for non tradable fuels. The culprit three
quarters of that lift is down to fuel. The RBNZ
recently forecasts three point nine percent, but that was prior
to the release of those selected price index says the
last Friday for the month of June. The RBNZI is
committed Mike to moving the OCR up. This speed and

(08:00):
frequency of those steps that they will take will be
driven b I think by what the inflation outcomes.

Speaker 6 (08:05):
Are but I'm excited.

Speaker 2 (08:06):
I'm looking forward to it as you should be. Now
are we picking whener is here? This cement things fascinating,
isn't it.

Speaker 8 (08:12):
I think this is one of the most interesting stories
that's come out. I didn't it didn't get the courage
it should have gone yesterday, and it's a fascinating one
because there are so many aspects to it. So look
feels like I think this could become a bigger story
over time than the importance of the actual dollar value
that's involved. So Fletcher Building, we all know who they are.

(08:33):
They're listed on the ASEX list on the ins and X.
They've been a regular feature on the front pages of
Business Use over the last few years, courtesy of tough
time with big building projects, cost over runs, possible legal
issues in Australia. But it also owns golden based cement,
which applies roughly sixty percent of New Zealand's cement requirements now.

(08:55):
In conjunction to Fletcher Building's interets announcement, yesterday, Nicola Willis,
the Financement announced that Cabinet has signed off allocating sixty
million dollars in exchange for Fletcher Building continuing to manufacture
cement in Northland.

Speaker 2 (09:10):
Now here's the out.

Speaker 8 (09:12):
It is referred to as a specific, one time response
to an exceptional set of circumstances.

Speaker 6 (09:19):
So that's the get out.

Speaker 8 (09:20):
Of jail free card that is going to be played
on this when it's debated in future. But basically Willis
said ministers were advised that due to rising costs, Fletcher
Building was considering closing golden based cement which makes clinker,
which makes which then goes into the cement manufacture in
favor of an import only model. Now the government's saying
the role of golden based a means absolutely critical. We

(09:42):
need cement for infrastructure, all that sort of. It's also
Northland's biggest private employer. So the difference though between domestic
production important production is a policy platform in the background
because it's carbon costs. So this is what makes this
an absolutely fascinating topic. Now Fletch Building have to commit
to continuing and producing cement until twenty forty, so they

(10:04):
got to invest about one hundred and fifty million bucks.
That's pretty much what their average spend was over the
last over the last decade. This is an interesting deal.
Market is kind of out of the blue. No one's
expecting it. Fletcher Buildings Ping actually going okay recently. The
share price got down to two dollars eighty in April.
Since then it's kind of three dollars seventy five. Very
fascinating story, this one, yeah, exactly.

Speaker 2 (10:23):
We've got to talk to Chris Bushop about it later.

Speaker 8 (10:25):
Right numbers, The Dow Jones is down one hundred and
thirty one points fifty two thy fifteen quarter percent four,
the S and P five hundred is up point twenty
one sixteen points seventy four seven three, and the Nasdaq
is up one hundred and fifty two points point six
percent twenty five thousand, six hundred and seventy two. The
fortsy one hundred lost point seventy one percent yesday is

(10:46):
seventy six points ten thousand, five hundred and twenty four.
The Japanese market was closed. They had marine day when
and had a swim at the beach. Shanghai Composite was
up thirty two points zero point eighty five percent three
seven ninety six. The ASEX two hundred lost five points
yesterday eight seven nine to one, and then' sex fifty
up one point yesterday thirteen thousand, six hundred ninety six

(11:09):
one Kimi dollar will get your point five eight four
five US point eight three four five ozsie point five
one two one Euro point four to three five two
pounds ninety four point nine six Japanese end Gold is
trading just over four thousand dollars four thousand and four
brent crowded eighty dollars and ninety five cents.

Speaker 2 (11:28):
Yeah, but good one. See tomorrow's You're In Partners Andrew
Callahan Task who used to make really cool cars but
still continue to make war stuff, are doing very nicely.
Thank you. Their auto backlog and mounts now to three
hundred and seventeen point seven billion TSMC, which is another
one of your chippy ai E type people, seventy seven
percent jump and profit. The really interesting number was that

(11:50):
they announced that they're investing an additional additional one hundred
billion dollars into Arizona, Just Arizona, one hundred billion, which
will bring their total spend in Arizona to two hundred
and sixty five billion dollars. Sex twenty one at.

Speaker 1 (12:07):
Newstalks EDB, the vic Asking Breakfast Full Show podcast on
iHeartRadio powered by News Talks EDB.

Speaker 2 (12:20):
So not that it's going to change your day. But
Millerban gets foreign. I'm assuming Millerban got foreign because he
didn't get chancellor. He didn't get chancellor because the long
term money was freaking out and they needed somebody. Mahmood
keeps her job at home, so that seems to settle
them down. So heally gets to be chancellor, which was
out of left field. But much more on this with
Adam Baltimart to seven. The other thing I forgot to

(12:42):
mention yesterday that I mentioned last week. You know the
presidents in Hungary, remember they got the new party kicked
out Aubah and Peter turns up. Peter doesn't like the president.
He goes to the president, you better bug her off
or else we've changed the constitution. It would look like
it could go to court. It didn't. The president acquiesceda
over the weekend and quit, So that's been sorted out
as well. Six twenty five.

Speaker 1 (13:03):
Trending now with Chemist Well house Keeping Kiwi's healthy all
year round.

Speaker 2 (13:08):
The Avengers News. Five months back, they dropped four many
teasers for the upcoming movie, so they got over a
billion views. But this morning, this is super exciting. We
got the first full trailer for Avengers Doomsday.

Speaker 3 (13:20):
Something's coming, something we may not be able to.

Speaker 9 (13:28):
Before this day is done, we should be faced with
an undin combot decision.

Speaker 10 (13:37):
I've fought with many warriors in night time. They were
far stronger than all of us put together, and they died.
Everything that they sacrifice will be for nothing if we
do not start together. We're going to need a miracle.

(14:01):
Hey Gal, stop possible.

Speaker 2 (14:06):
Um centers around Dr Doom. Robert Downey Jr. I love
Robert Downey Jr. Anyway, he's got Pedro Pedro Pascal with them.
Chris Hemsworth, Florence Pugh, Chris Evans, Tom Hidlson, Channing Tatum,
Saren Mcallum, Patrick Stewart, bened At Cumberpatch, Anthony Mackie, Lewis Pullman,
Vanessa Kirby, Joseph Quinn, Paul Bettany Sebastian stan Kelsey, Grammer,

(14:27):
Li g Jude Bellingham, Nigel Laws. No, sorry, a few
of those at the end I made up. But you
know how it goes December eighteenth, and that's the same day,
by the way that June Part three turns up. So
in Barbenheim, the fashion they call it Dune's day, which
is quite good by the way. I'm just getting the
news and from Australia this morning that Fiat stopped and
pulling cars into that country. This part of Stilantis. They're

(14:48):
saying that, they're saying, we remain focused on assuring the
vehicles we bring into Australia, but Fiat has stopped bringing
cars into Australia that comes off the back of Pergo.
So this is the whole China evy thing. So things
are Things are unfolding at a rapid rate of interesting notts,
aren't they? As I say Chris Bishop on the Cement
story later on this morning, our meantime uses next.

Speaker 1 (15:10):
In a noisy world here yourself think it's the Mic
Hosking breakfast with Bailey's real Estate. Your local experts with
national and global reachs use togs Head, b.

Speaker 2 (15:21):
Leau and French reaction to the Burnham business number twen
overnight to captain Field with a shortly rental information in
this morning four year on year numbers. If you're in
the Targo and Canterbury things are looking good if you're
a landlord, not good if you're a renter, because the
numbers are up substantially a point three in the target
five point five and Canterbury. Around the rest of the
country nationally it's flat, places like Auckland down a percentage

(15:42):
and a half over the last year. There's still a
reasonable time to be a renter right now. Another look
at the GLP one revolution, which is fascinating you. Study
backed by the government funded Bioeconomy Science Institute shows that
plant based a plant derived alternative can stimulate the same
hormones that are targeted by the likes of a zimpic
and will go. So, Sarah Kennedy is Kealicub's CEO and

(16:02):
she's with us morning. Hi mart, Where are we at
with the chicken and egg situation? Did you get here
before the glps or did they get there before you
were all sort of involved unfolded at the same time.

Speaker 11 (16:14):
Well, no, we got here a long time before. We
started this research, this New Zealand research in twenty ten,
so it's been sixteen years and thirty million dollars so far.

Speaker 2 (16:24):
So has the GOLP story of late pharmaceutically speaking helped
your cause in terms of awareness of what's possible?

Speaker 9 (16:33):
Oh totally.

Speaker 11 (16:34):
It totally changed the conversation around weight loss and went
away from eat less move more to understanding how weight
loss is physiologically driven. We have a primitive hindbrain which
tells us to eat, and GLP one is actually a
natural hormone we won't make in our body. But with
the synthetics, you're injecting them in with calicurb. We're stimulating

(16:58):
them naturally with superstim relating them to make you eat less.

Speaker 2 (17:02):
Okay, and what do I take? Do I take Powders pills?

Speaker 3 (17:05):
What do I do?

Speaker 11 (17:06):
They're two very small pills there, one hundred percent natural.
They're actually made out of New Zealand hops. It's an
extract of it, particularly a New Zealand hop with a
vegetaboil oil. And that's taken it reduces your calorie intake
by eighteen percent. But Mike, the exciting thing was over
the weekend our fourth human clinical got published and obesity

(17:28):
pillars in America. And what it showed, which is just groundbreaking,
is that we help you lose weight but without the muscle.
So we lost ten and a six months placebo controlled trial,
people lost just an average of ten pounds of fat
but absolutely no muscle. Now you know, with injectibles, they

(17:49):
will lose up to forty percent of muscle. So this
is this is incredible for us. It's all fat and
no muscle.

Speaker 2 (17:57):
The muscle story has not been told, I don't think
yet has it in the sense that you're supposed to
stay fit, eat healthy, And I'm just not sure that
people are jabbing themselves necessarily do or anyone's following that
up and that might come back to buy to some
future years. Would that be fair?

Speaker 3 (18:11):
Oh?

Speaker 11 (18:12):
Absolutely, you're losing It's like this long yo yo. You're
losing forty percent or up to forty percent of muscle.
And listen, it's because of the rapid weight loss and
you're losing this muscle and you're losing it even you
know you're trying to get more protein and you're trying
to exercise that you're still losing muscle, which can be

(18:32):
a problem as you ate. I want to say it again,
this is groundbreaking, This is New Zealand research. This has
been four years in the making. This clinical it was
one hundred and fifty people, ten pounds of fat and
no muscle, so amazing.

Speaker 2 (18:49):
Just correct me if I'm wrong. But according to your number,
three point seven seven kgs after six months? Is that correct?
And if it is correct, that's less though than a
GLP one will do if your jab yourself.

Speaker 11 (19:00):
Well, interesting you asked that because there is a comparison
to a study of GLP one where they lost fourteen
pounds in twenty four You remember this is twenty four weeks,
not sixty two, and we lost ten point four pounds, right,
so there's three pounds difference in that, and that I'm
doing corrected for them because that's worth that's worth five

(19:23):
point five pounds of muscle.

Speaker 2 (19:26):
Well, you know, big picture, where do you reckon? This goes?
I think this is a revolution now. I mean whether
it's pharmaceutical or natural doesn't really matter if it works,
and it works for I mean, we're solving one of
the Western world's great problems, aren't we potentially?

Speaker 9 (19:41):
Oh no, it's brilliant.

Speaker 11 (19:42):
And this is natural. I mean you may say natural
or pharmaceutical. This is natural. It's affordable and it works.
So you know, at the moment, ninety percent of our
sales are in the US, and we're just selling into
the UK. Of course we settle here in New Zealand
as well. But this is extraordinary. The other thing is
we are stimulating your natural hormones. We're not giving you

(20:05):
any synthetic hormones, so we're kind of rebooting. So we're
not kind if we are rebooting your gut brain access.

Speaker 2 (20:13):
All right, Sarah appreciated Sarah Kennedy. Who's worth Kellor Curb
Morning Mike, regarding the Golden Base cement sixty million dollar
deal car to hold Harvey closed the Plywood Mellon laid
off two hundred people in total, Plywoods and the essential
building material used to multiple industries in New Zealand. So
what's the difference? Very very good question. This is what
makes the story so interesting, apart from the fact that

(20:35):
this is a center right government, a conservative government, and
I didn't think they're into picking winners. Suddenly they're picking winners.
And what I can't answer the question is is Fletcher's
blackmailing them? Fletcher's have got money, so and they're allowed
to close down something they don't see working. But then
you've got the next strand in the argument, which is
the business of the climate, and whether that's a play

(20:55):
or whether that's a stalking horse, or whether that's a
genuine argument, and sixty percent versus the food that this
this they bought themselves. They've opened a Pandora, They've gone
and Pandora's boxed this one so well more shortly eighteen
to two.

Speaker 1 (21:09):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio, part
by News.

Speaker 2 (21:14):
Talksp Your Fun Fact Tuesday, Russia's tossed thirty billion of
cash into the economy. Is that a lot? Yes, it
is most since COVID. Why because no one trusts the
system anymore. Mobile internet shutdowns to disrupt the card payments.
A lot of businesses trying to dodge the tax. Everyone's
using cash and thirty billion dollars they think we'll do it.

Speaker 12 (21:34):
Six forty five International correspondence with Ends and Eye Insurance,
Peace of mind for New Zealand business to France, we.

Speaker 2 (21:41):
Go, Catherine Field, very good morning for you. So let
me come to the heat wave in a couple of moments.
First of all, what have you made of the Burnham thing?
What's France think of Burnham?

Speaker 13 (21:51):
Well, first of all, Emmanual Macron.

Speaker 14 (21:54):
Not long after Burnham took to Number ten down the
street of Number ten, dons stood on the steps and said,
this is a new beginning. Aniel Macron came up with
a statement saying he hoped this would be a new
impetus to the partnership between the UK and the EU.
So that says, listen, we want you to behave in
a good manner, We want you to have good relations

(22:16):
with the EU.

Speaker 13 (22:18):
But will it happen?

Speaker 14 (22:19):
Looking at it, there is concern on several points, ed
Miliban Foreign Secretary. They're very not that happy, but not unhappy.
They sort of see him as could be a safe
pair of hands, but are well aware of the fact
that foreign policy is far more to do with the
Prime Minister. But we haven't heard much about where Vernon

(22:40):
will stand when it comes to foreign policy, and we're
at a time when France and the EU have got
very used to a close relationship with Castarma, particularly over Ukraine.
They are also concerned that a lot of the heavy
hitters and a lot of the pro European cabinet ministers
seem to be out of favor now. Hilary Benn, former
Foreign Sectary, David Lammy, he's out. That is of concern.

(23:04):
One thing they do seem to be happy about is
Chancellor of the Exchequer John Healey, of course, former Treasury
and he wants to increase defense spending. But again big
question mark, what is the UK going to be doing
about Ukraine? Will those bases in the UK which are
training Ukrainian forces will they still be kept open?

Speaker 13 (23:24):
Will there be so open? Will there be.

Speaker 14 (23:26):
This big focus on foreign policy that Kes Starman did seem.

Speaker 2 (23:30):
To have The inference there on really broad terms is that,
of course Burnham's are left leaner, more left leaning than
Starmar ever was, and on those issues things like not
just defense but also immigration. He's been recentably silent on
immigration and the relationship with France and Britain over the
immigration is an interesting one. So this is I suppose
we just wait and see.

Speaker 13 (23:48):
Well you'd say.

Speaker 14 (23:49):
Wait and see, but as we've seen from all the
figures with the economy, he really hasn't said very much
about the EU, and we know he doesn't want to
revisit brexit, does want to open that kind of words,
and all we've had so far has he hopes that
in his lifetime the UK rejoins the EU. Well there's
a lot of hopefully a lot of years left in

(24:10):
Burnham's life, so that is not a very good commitment
in the short term because looking at the figures from
the UK, it does seem they need to rejoin the
Single Market and the Customs Unit, and that some of these,
you know, we lived in kind of small individual agreements
on things like agriculture and food, little incremental moves that

(24:31):
some are made.

Speaker 13 (24:32):
They're not really making a big change to the economy
and they're going to need to talk to the EU.
But will the EU.

Speaker 2 (24:38):
Talk to them good?

Speaker 6 (24:39):
Correct?

Speaker 13 (24:40):
Really hurt them?

Speaker 6 (24:41):
Now?

Speaker 2 (24:42):
The weather where are we at with that?

Speaker 14 (24:46):
Not quite as hot as it was, but serious drought
now after the after the hot weather comes the drought.
The ministers here are saying here in France exceptional and
worrying drought across most of the country. Some areas it's
a huge water shortages, huge drought. Some areas of France,
particularly once you would not expect to have water shortages,

(25:09):
like Normandy Brittany right up in the north, knowing for
having four seasons in one day in the middle of
the summer. Sometimes they too have got water shortages. A
quarter of the rivers in France have dried up completely
already this summer.

Speaker 13 (25:23):
So there are concerns. And of course you've got several.

Speaker 14 (25:26):
Areas which are already unable to provide drinking water and
they're having to truck in water.

Speaker 2 (25:31):
Alwa's a pleasure, Catherine, catch up next week. Appreciate it.
And what I didn't realize the porter splits hot stuff
in that particular part of the world. The water split
what is its near conditioner? Medea make it? Which are
there are brand that's in this country one of the
most sought after products going in that part of the world,
because most people don't have air conditioning. And what I
didn't realize is the reason they don't heavier conditioning is

(25:53):
that in a lot of Europe you're not allowed to
stick air conditioning units on walls of old buildings, so
they would rather you die of heat stroke then deface
their glorious old buildings. So you can't stick an air
conditioner on your building, but you can with the porter split.
Now get one internally and plug it in. So everyone's
buying a Porter split.

Speaker 1 (26:14):
Ten away from seven, the Mike Husking Breakfast with Defender
Trophy news talks.

Speaker 2 (26:19):
They'd be Cooper's Got Health, Adam Bolton's with a short
lead works all through it might When Air New Zealand
needed bailing out, it was deemed essential and it could
not fail. The government nationalized fifty one percent. So why
didn't they do this with cement? I feel the country
is warming to strategic nationalization by voting for rector accountability
in New Zealand first for national interest. Wouldn't go that far?

(26:40):
I mean sixty million dollars mate, it's it's not in
New Zealand, but it's the precedent, and that's the difficulty.
Might Regolden based cement. All the government is doing is
paying their carbon tax for fletchers to prevent unemployment. See
that's the next point. Surely the ETS if it's costing jobs.
And I told you about this yesterday with Europe. Europe
has delayed the implementation of some of the ET or

(27:01):
their rets on jobs and in businesses you're gone from
something like thirty four to thirty eight, twenty thirty four
to twenty thirty eight. Why because if you impose these costs,
you lose jobs. And no government is interested in watching
people lose jobs, especially in an election year. So why
is local c to meit ETS when the rest of
it isn't. I mean, answer me that. And if that's

(27:22):
the problem, why doesn't the government go buger the ets
and would rather have the jobs and let Chloe wine.
She was whining publicly yesterday. She could have wined on
that five minutes away from seven by the ouse.

Speaker 1 (27:37):
It's the bizz with business tiber take your business productivity
to the next.

Speaker 2 (27:42):
Level doing announcement? Will they do? They honestly file the
way to Dunedin for that, I mean honestly the length
of the country to Dunedin to go and that is
where fossil fuels belong in a museum. Couldn't they have
gone to Awkland Museum and just save themselves some money
and some air mile Anyway, everyone's favorite regions producing another

(28:03):
good morning's worth of data. Jobs report from Employment Hero.
This is for June employment growth esame headcount, another monthly
gain outpacing the national average. This is Canterbury outpacing the
national average, and Canterby has done that every month since January.
Employment growth is up half a point for the month
five point nine percent four the year from March. Rest

(28:23):
of the country employment growth only two point three, so
two point three versus five point nine. That's the difference
between the country and Canterbury. Wage growth though now m
March to March better than the national average. But between
March and June I Eve March, April, May and June
it's gone down one point five percent. Rest of the
country has been flatten. When I say flat, zero point
zero doesn't get any flatter than zero point zero glassholfful.

(28:45):
That is an improvement by the way we were going backwards.
So we've gone from being backwards thirteen months in a
row to zero point zero, so we'll take that, I guess.
But wage growth in the region was up five point
eight for the year. Average median hourly rate is at
thirty five bucks, which is below the nat national Media
and arly rate of thirty six. So you earn more
nationally than you do in Canterbury, but you've got work

(29:05):
more jobs less paid. Mind you, you need less money to
live well in Canterbury. Is my my assessment of matters,
right Adam Bolton on all the jobs, where it goes
whether this guy's going to save Britain from anything. We'll
also get the inflationary for the day. This once again
a reminder of Q two, So this takes into account
for the first time the war as it were. If

(29:28):
it's four or less, it's good. If what we need
to hear. Is it's peaked. That's the big news today.
Really it's four whatever three point nine, four four point one.
But that's as bad as it gets. So in other words,
what we're living in now Q three, things are getting better.
So that's what we need to hear. So we'll talk
to the economs about that. Chris Bishop on the cements

(29:50):
and also the announcement yesterday around the rama those dodgy
is all you know what deals between councils and Mawori's
that's coming to an end sort of and the sort
of is the problem. And this is where national yet again,
I think you've got themselves in a spot of bother.
And Ryan Fox has just landed back home in Florida.
He's in for a word. After eight o'clock this.

Speaker 1 (30:09):
Morning, The Mic Hosking Breakfast Full Show podcast on iHeartRadio
powered by.

Speaker 3 (30:17):
News Talks head B.

Speaker 1 (30:19):
Credible, compelling, the breakfast show you can't bess. It's the
Mic Hosking Breakfast with Vida, Retirement, Communities, Life Your Way,
News Talks head B.

Speaker 2 (30:28):
Falling seven past seven. The Burnhamir has arrived in Britain overnight,
jettisoned into number ten directly from Manchester. He is Labour's
hope of dealing to a country laden with debt and
angry over things like a legal migration. Adam Bolton is
UK political commentator back with us, Adam, very good morning
to you.

Speaker 9 (30:44):
Good Morne scale of.

Speaker 2 (30:45):
One to ten, ten being your shocked to your socks
heale as Chancellor? What do you make of it?

Speaker 9 (30:52):
Well, he was not a favorite. It was suggested that
there was a battle between Admilavan, the former Labor leader,
and Shabalama Mood, who has been a high line Home secretary.
So John Hey has come through the middle. What is
surprising about that is that he resigned recently in support

(31:12):
of Andy Burnham over wanting more defense spending. He's now
the man with a purse string. So a lot of
people were saying will he live up to what he
was demanding when he was Defense Secretary, because of course
that was one of Secure Starmon's failings.

Speaker 2 (31:27):
So miller Band as Foreign Secretary. Is that a compromise
given he didn't get chancellor or he deserves the job
in its own right.

Speaker 9 (31:35):
I think it is a compromise. It is a so
called great officer of State along with the Chancellor and
the Home Secretary. It gives him a chance on the
international stage, where he's of course fairly well known as
a former Environment minister and also a leader of the
Labor Party. It's an interesting move in the sense that

(31:56):
Ed Millerband is more radical peacenik inclined. I mean he
has was played a role in leading to the defeat
of David Cameron over the proposed punishment bombing on a
sad of Syria after using chemia, after he had used

(32:17):
chemical weapons. He also argued successfully that Britain should limit
the use of its basis for Donald Trump's war on Iran.
So I think it will be seen as of a
piece with what the Labor Party phats would like to hear,
but not necessarily British foreign policy as we've traditionally known

(32:39):
that We've already had the new Prime Minister Andy Burnham
saying that he thinks Britain should have been quicker to
condemn Israel over its attacks on Palestine.

Speaker 2 (32:50):
Yeah, So what do you make of the last couple
of hours, because this is literally how it's unfolded over
the last couple of hours. Has the revolution arrived? Is
Labor a different party? Is Britain a different country or
is it just a new bug at number ten?

Speaker 9 (33:03):
Now, this is a big shift in the government of
the UK. I mean we've had seven posts announced so
far only two of them have kept the same people
in the job. Interestingly, people to the right of the
party Shavana Mahmoud tough on immigration and Pat mcfinn Padn
is staying at welfare and he's the one who famously

(33:25):
said he was fed up of labor MPs just asking
who they could tax to give more money to welfare recipients.
So that tone of the government is balanced by, as
I say, the move towards John Heally. But you know
it's a real perch. We've had a dozen people who
were seen as being close to Sekir Starmer kicked out

(33:48):
of the government. That's their reward for staying loyal, some
of them making that point. So it will be a
very different face to the British government, not least because frankly,
Andy Burnham is a confident and good communicator presenter of arguments,

(34:10):
in comparison to Secure Starmer, who often appeared rather robotic,
even constipated.

Speaker 2 (34:17):
Appreciate the inside of Fulton, UK political commentator form of
Sky News Political editor of course, eleven past seven, I know,
one of those really interesting data days where we get
the insight into the war and it's impact on New
Zealand and so inflation for Q two. So in other words,
April May June consensus is about four and more importantly,
it's it should have been the peak. Mike Jones bean
Zi's tieof economists back, Well, this Mike morning to you.

Speaker 6 (34:41):
Good morning.

Speaker 2 (34:42):
So the four point one that you're calling, how much
of its petrol and how much of its cost plus
accounting from you know, councils and electricity companies.

Speaker 15 (34:51):
Well, certainly that's quarters to all about picture. About seventy
percent of the increase just for the quarter is fuel.
But you know, if you see back, of course, you've
got those wider yes, cost push inflation pressures simmering away.
So those core measures still running a bit high two
and a half to three percent, of which, yes, there

(35:11):
is certainly a component coming through or from those administered costs,
rates and electricity and so forth.

Speaker 2 (35:16):
So no matter what the number is today, can you
confidently say that's the worst it's going to get? I mean,
sure to the wall reigniting again, forget that for a moment,
but in general terms, this was as bad as it
got or we can't say that.

Speaker 15 (35:30):
Well, if you take our forecast as gospel, which not
always advisable.

Speaker 3 (35:35):
This will be the peak.

Speaker 15 (35:36):
I mean, we've got inflation next court in Q three
coming down to three point eight, and then it tails
away through the threes, gets back in the reserve banks
band about the middle of next year. So yes, technically
we think this will be the peak. Still highlights for me,
though it's going to take a while for inflation to normalize.
In fact, again, if our forecasts are close to the truth,

(35:58):
it would be or would have been above the top
of that target range for eighteen months by the time
we get through to it to the middle of the next year.

Speaker 3 (36:05):
Yeah.

Speaker 2 (36:05):
But having said that, we to a degree dodgeable at
some of those countries who produce monthly inflation rates. We've
not seen what the pessimists thought we would see inflation wise.
That's correct, isn't it.

Speaker 6 (36:16):
Yeah, I think that's right.

Speaker 15 (36:17):
The peak hasn't been as high as we might have fared,
largely linked it to oil prices not going as high
as as people were worried about in the early stages
of the war.

Speaker 2 (36:26):
But then, of course we don't know what's happening right now,
as of this morning, as of tomorrow, as of the
next day, so who the hell knows what we're going
to be dealing with next.

Speaker 6 (36:35):
Yeah, well, that's right.

Speaker 15 (36:35):
We're sort of back in this environment, of course, which
is unfortunate, where we're just looking across to the Middle
East and trying to not do daily outdates of CPI forecasts,
which I think for today we'll just concentrate intension more
on those measures of underlying and core inflation. I mean,
those are going to be the bits I think that
will make a difference for the Reserve Bank and what
they're thinking.

Speaker 2 (36:55):
Good stuff, Mike, nice to talk to you. Good to
get your expertise. Mike Jones be and said, cheap economists
this morning thirty minute past seven, tasking coverage. Ryan Fox's
victory has been dismal on our traditional mainstream media. We
can't believe it wasn't the top story on One News
last night. I thought exactly the same thing. I've given
up and the other people can do whatever they want.
But I tried to explain on this program yesterday's why

(37:15):
we got Ryan after eight. He's just landed back home
in Florida. It is hard to overstate what he did
for one sport and to this country yesterday. It was
a truly historic moment. And if you couldn't appreciate that,
you probably shouldn't be in the news business. And to
watch TV one last night dedicate fifteen minutes to the

(37:38):
World Cup Final, not because it's the World Cup Final,
but because the ore the broadcasters, so journalism got put
in the bin while they paid homage to their bottom line, basically,
and fifteen minutes to a game that really it's the
World Cup. Yep, I get it, but it's not. We
weren't in it or anywhere close to being in it.
And yet we made history as a country when a

(38:00):
sport that we're interested in with a person we all
know and love, and they didn't think that that was
worth mentioning. Fifteen past Chris Bishop on the cement and
the Arima reform for you shortly seventeen past seven are
actually speaking of New Zealand. And how about these stats?
We are still the dairy capital of the world. This
is the Rabobank report latest. We're account of for twenty
two point one percent of global dairy last year. Emma

(38:21):
Higgins as the Rabobank Senior AG analyst and is with us. Emma,
very good morning to you.

Speaker 16 (38:26):
Good morning mate.

Speaker 2 (38:27):
Fairly consistent story, isn't it. Twenty one twenty two billion
ishkg's to the world a year, has been that way
for a long period of time.

Speaker 16 (38:34):
Yeah, that's right. We're in a little country of about
five million people, but we certainly pack a lot of
punch when it comes to a dairy trade. More than
one and every five kilograms of dairy traded around.

Speaker 11 (38:43):
The world sits with us.

Speaker 16 (38:45):
So certainly a continuation of that good news story in
the dairy space.

Speaker 2 (38:48):
If you go back far enough, though, so go back
to twenty seventeen, you're looking at China and their role,
and this whole story is being a little bit more
prevalent than it is currently. Does China need to come
back more or is this the new normal?

Speaker 16 (39:00):
Yeah, that's an interesting question. It's one that every exporter
is thinking about right now, because China still is the
biggest dairy customer in the global dairy space, but it
is no longer the only growth story. So when it
comes to our farmdate milk price, we do still rely
on China very heavily in terms of really moving that
needle in a really positive way. But what we have

(39:21):
seen is that there are some new growth markets that
are emerging, absolutely in the new dyaland space. We're looking
at those markets as well, and certainly places in the
Middle East for example, where their appetites for milk powders
is pretty strong, and then also closer to home as
well around Southeast Asia.

Speaker 2 (39:38):
What about the protein story. That protein side of the equation,
is that demand forever increasing your middle classes, health, eating
all that sort of stuff.

Speaker 16 (39:48):
Absolutely, So that's one of the biggest trends that we've
see that's driving the global dairy demand story right now,
and we've seen that coming through in the GDT. We've
got another one coming.

Speaker 2 (39:56):
Up this week.

Speaker 16 (39:57):
And that protein story has been driving up that skim
milk powder price and ultimately it is playing into farmer's
hands here in New Zealand because it's helpful in terms
of hopefully helping to keep their milk price at a
competitive level.

Speaker 2 (40:11):
I haven't I mean, that's all volume, and I get
that cheese. I hadn't looked at that in terms of growth.
The growth in cheese is amazing, isn't it.

Speaker 16 (40:19):
Yeah, it's huge. That's the story right now, and particularly
when it comes to the United States, which is playing
a huge role in that, and that's probably our biggest
competitive threat if we think about it from a New
Zealand lens as well. The United States is producing a
heck of a lot more milk. They've got a lot
more hoofs on the ground. I've got about two hundred
thousand extra cows at this point in time compared to

(40:40):
last year, so they're pumping out more milk that I've
invested really heavily and processing capacity and also the export capability.
So twenty twenty five saw a massive increase in terms
of their global exports share from eleven percent in twenty
seventeen to about thirteen and a half last year. Most
of that was cheese, and we are seeing certainly those

(41:01):
similar trends are ready for twenty twenty six.

Speaker 2 (41:03):
Fantastic good insight him. I appreciated Emma Higgins out of Ravo
Bank this morning. Our daughter's working in the States at
the moment, and the cheeses all orange and it's not
really cheese, of course, and so we need to see
more new Zealand chees in that particular market right sament.
This is the story that a seven twenty more shortly.

Speaker 1 (41:20):
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by newstalksp.

Speaker 2 (41:28):
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with AI Paskal seventwenty four. Nicola Will has told us
she did not take the decision lightly, and well she
might have said that, and she is lucky. It's only
cost to sixty million. We still don't know what the

(42:33):
terms are, but we need to. This is golden cement.
Of course, the government has come to the rescue. Without
this help, allegedly they would have closed. There's only one
supplier in the country. Allegedly this is in and of
itself seems to be a bit of an issue, and
I don't even know that that's true. They produce sixty
percent of what we use. Is the other forty percent cheap?

Speaker 6 (42:50):
Well? Yes?

Speaker 2 (42:51):
And what of the climate mitigation issues that fletchers speak of.
Why do we worry about the sixty percent not the
other forty percent? And why is climate so important in
the cement business? And is climate worthway worrying about if
it means the closure of business and the loss of jobs.
And that is one of the questions, of course, of
the age, especially given the Europeans over the weekend signaled
their intentions to pull back on climate expectation for their

(43:11):
businesses for exactly the same reasons climate v jobs. Hmmm,
quite like the jobs. Thanks. Fletcher Building is the owner
a company with no shortage of drama around their reputation
and activities, but not a business desperate. You wouldn't have
thought for sixty million bucks. But and here's the crunchy bit,
one that in straitened times is perfectly entitled to pull
the pen if they want to on things that aren't working.

(43:32):
So what do we have here? Do we have a
good business decision or we have blackmail? Is the business
run as they claim? In other words, it's not workable?
Or are they a bit useless? Britain having the same
conversation currently over a nationalized steel works involving the Chinese
in a water company that's on its knees. The trouble
is the specifics and the precedent. See every story is unique.

(43:53):
Can a government write a check for one offs?

Speaker 3 (43:55):
Maybe?

Speaker 2 (43:56):
Does it set a potential precedent?

Speaker 6 (43:58):
Yes?

Speaker 2 (43:58):
It does. Should the government be in cement?

Speaker 6 (44:01):
No?

Speaker 2 (44:02):
Should we be more resilient in the basics of things
like building materials. Yes, we've just had that debate by
cleaning out an old tank at Marsten. Resilience is important,
so I think I don't mind this as a one off.
But is it a bad business or is it a
business hampered by dumb rules around climate? And if it's

(44:22):
the latter, would a change of those rules fix the
problem better then a check for a bailout? Pasking See
why this is so interesting. Chris Bishop wasn't coming on
this program to talk about that, but that's all changed
this morning.

Speaker 17 (44:39):
I let the cat out of the bag.

Speaker 2 (44:40):
Ah, it's amazing, how dyed in the wall we are.
Why on earth would anyone in the newsroom put an
effort in at ten o'clock when they actually start working
after morning affirmations into preparing a story that that evening
about some rich preck who won a bunch of money
that he's not sharing with the underprivileged non works. That's
a little bit facetures. But I but I take your point.

(45:02):
But honestly, you sit and look I set aside. I
got to watch the news, it's my job. And I
looked at that lank I just became deflated. I had
an excellent day yesterday and I'm sitting there thinking, right,
I'll just spin through this just like honestly, surrounded by
bloody idiots in this industry some days. At the moment anyway,
Chris Bishop, he's with us on the visitd The good

(45:23):
news was the announcement on the Rama and those Maori
deals that have been done with the councils. That's all over.
We'll partially over, so we'll talk to him about that,
and then we'll get onto the cement business. And then
the aforementioned Ryan Fox with us from his home in
Florida after eight o'clock.

Speaker 1 (45:36):
No fluff, just facts and fierce debate, the Mic Hosking
Breakfast with Defender, Trophy, Epic Adventure, Greater Purpose, Youth Talks
Dead be Fox.

Speaker 2 (45:45):
Shortly twenty three to eight, right, the Prime Minister, it
was this time yesterday in Fak was previewing it. And
that's why, I seriously, if you were listening to the interview,
you had a strange look on his face, and I said,
when are you going to do this? And he suddenly
goes read he's not a good lie, the Prime Minister.
He suddenly goes red in the face and he's it's
going on this couple of weeks, next a couple of
weeks and I'm thinking whatever mate. Anyway, the intervention was
on the way between these deals between locally we and

(46:08):
councils when it comes to planning and making decisions. Ever
since the RAMA reform was introduced, as you well aware,
various councils have been rushing to these deals to try
and circumvent the new rules. Well, yesterday the handbrake got
put on. Chris Bishop is the RMA Reform Minister and
he is with us, good morning, good morning. Now you're
still correct me if I'm wrong, you're still letting some
of these deals through. Correct.

Speaker 18 (46:29):
No, the hate deals, anything that's already in existence or
as being signed right now, they won't exist. We're basically
scrapping the entire concept of them. So the ones that
have been done in the last few months, and there's
been a massive mad rush as you know, and you've
been talking about MIC over the last few months, they're gone.
They won't be transitioning into the new system.

Speaker 2 (46:49):
So what role will MAORI be allowed to have post
dual reform.

Speaker 18 (46:55):
So the focus is on making sure it's at the
spatial planning level around the identification of sites of significance.
So I think most people would say, listen, when you're
doing a plan for a region, you want to pick
the sites where there's an old par site for example,
of there's an old burial ground, for example of this
particular sites of the cignificant significant to the local Mana Fenua.

(47:16):
I think most kiwis would say, yep, you know what,
we should actually make sure that people know about where
those sites are so that you can't do particular types
of developments on those sites.

Speaker 3 (47:25):
So that's where the focus will be.

Speaker 18 (47:26):
We've really significantly narrowed the scope of the system around
to essentially around sites of significance and things like that.

Speaker 2 (47:35):
Okay, so why were you in favor of these deals
broadly up until yesterday, Because it's not like they got
invented yesterday. They've been around for a while. It's just
there was a rush on what was.

Speaker 18 (47:45):
Except well, it's not that we were in favor of them,
it's just that there were only eight of them.

Speaker 2 (47:49):
Yeah, you were putting up with them.

Speaker 3 (47:52):
Well, it was a bit of a hangover. And look,
it was a bill on was the bill?

Speaker 18 (47:55):
When we introduced it, you know, people said, oh, well,
there's only eight of them. They seem to be working, okay,
just let them go through to the keeper within the
scope of the new system.

Speaker 3 (48:04):
So we said, okay, well fair enough.

Speaker 18 (48:06):
Well, well, you know, I mean, we didn't get everything
right on first didn't get everything right at first first
time around.

Speaker 2 (48:12):
It's but what you did, what you did promise as
a government is a coalition in every party was a
member to It was the demarification of this country and
people been given jobs based on race to make decisions
that weren't publicly elected. Is not what you promised you
would do.

Speaker 18 (48:29):
Well, that's not what's happening with the new planning system.
In fact, we've worked really hard. There's no Treaty principle's
clause in the new planning system. We've deleted the idea
of the Treaty principles. In the new planning system. There
is provisions to give effect to as I say, sites
of significance to Maori for example, and local EWE and
I think most people would regard that as important. But

(48:50):
there is no treaty principle's clause in the bill. There's
a very narrowly scoped goal in the bill around Marie
interests and around the giving effect to local EWE interests
and protection of Maryland, which again I think most Keywis
would say is pretty important after the alien nation of
one hundred and fifty years. So we have really you know,
I've worked really hard alongside Simon Court and others to

(49:12):
get what I think is a good balance here and
make sure that we streamline the system, cut the red
tape and in some of the practices that I know
you've been talking about on the show over the last
few years.

Speaker 2 (49:23):
Okay, Cement, are they playing you fletchers?

Speaker 3 (49:31):
Well, I don't think they're playing us.

Speaker 18 (49:33):
And I tell you this, and you know, free frankness
that we go into this, you know, not wild about it, Frankly.
I mean, no government wants to put its hand in
its pocket for you know, sixty million bucks for a
corporate However, on the other hand, it is an exceptional
case and we thought about it quite deeply. It's our
only domestic manufacturer of cement. It is critical to the

(49:56):
supply chain. The stuff they make, the clinker is a
sort of intermediate part of the supply chain. Is very
important and ministers were just simply not willing to see
see that fall over.

Speaker 3 (50:08):
And that was the reality.

Speaker 2 (50:09):
Yeah, but did they threaten you because they're not sure
they could drum up sixty million.

Speaker 18 (50:15):
Well, we did an open book exercise looking at their financials.
They made it all freely and openly available. The challenges,
the emissions costs that are coming as a result of
the emissions trading scheme from twenty thirty onwards, which do
render that plant unviable or at least arguably uneconomic. And

(50:35):
so we've done a deal. We've made an investment. They've
agreed to keep it open. They've agreed to allied investments
of around one hundred and fifty million dollars. On top
of that, it will improve, will maintain employment in a
relatively deprived part of New Zealand.

Speaker 6 (50:51):
Don't.

Speaker 3 (50:52):
Well, it's whether it's election year or not.

Speaker 18 (50:54):
To be honest, it's a kind of irrelevant because if
this has happened last year or next year, I think
I think the government would be well, this is what
happens in government, right, You get confronted with difficult decisions.
And I don't pretend that this was an easy one.

Speaker 3 (51:06):
It isn't.

Speaker 18 (51:06):
And you know, I didn't get into politics to give
money to corprints. But sometimes you know, you've got to
you've got to do the do the right thing of
the national interest.

Speaker 2 (51:14):
That's what makes us such an interesting story. Why don't
you just change the etes? Why are we mucking around
with CEMENTA? I mean, if it's going to mean why
why are we Why are we taxing ourselves into joblessness?
What's the point of that?

Speaker 18 (51:27):
Well, there are challenges with the ETS settings, you're right,
But at the end of the day, and it's not perfect.
At the end of the day, we've decided to maintain
the integrity of the ETS going forward and do things
by exception.

Speaker 3 (51:40):
And this is one of those exceptions.

Speaker 2 (51:42):
But there it's the exception that makes it. What what's
to make something else? Not the exception like building products
or something. Whatever you dream up one morning becomes an
exception and we'll just write a check. I mean, you've
said you're sitting a precedent here, aren't you.

Speaker 18 (51:55):
Yeah, Well, you're you're you're right, And that's exactly why
we thought about it really hard and draw a distinction
between cement and other products as a tricky one.

Speaker 3 (52:03):
However, there are no substitutes for cement.

Speaker 18 (52:06):
You know, it is just fundamental to construction, to infrastructure,
to building, to everything in the economy, and frankly, if
this plant fell over, the economy would potentially grind.

Speaker 2 (52:16):
And just correct me. I got a text from somebody
else saying, there's some other place that produces cement. You're
absolutely one hundred percent they are the only players that
do this sort of cement. Is that correct?

Speaker 18 (52:26):
It's my understanding. Yes, I'm no expert on it. There's
certainly a big part of the market.

Speaker 2 (52:30):
Well, well, shouldn't you be an expert saying you just
wrote a check for sixty million dollars.

Speaker 18 (52:35):
Well, I'm not an expert on this stuff, Mike, but
I can tell you we thought about it quite deeply
as a captain.

Speaker 2 (52:41):
Was the dollars? Were the dollars part of it? If
it had been two hundred and eighty million dollars to
save a cement factory, would it have been different?

Speaker 18 (52:50):
We did a commercial deal, and so I don't want
to get into hypotheticals around you know, well.

Speaker 2 (52:56):
I'm just trying to work out is it the uniqueness
of the cement or is it the size the check?
Because another word, sixty million you can live with because
it's not the end of the world.

Speaker 18 (53:05):
Well, sixty million dollars is a lot of money. Not
so much about the well it is. It's not so
much about the quantum. It's about what you're securing for
domestic supply chain resilience and in the future. And you know,
I don't want to get into a hypotheticals or whys
and wherefores, but we've done a commercial deal based on
an open book process, and we had some smart people

(53:25):
look at it, and ultimately we think we've acted on
in the nationale.

Speaker 2 (53:29):
All This is Tea way all over again, isn't it really.
I mean, they'll come back in a few more years
time say hey, remember that deal, we need it again,
and you'll go no, no, no, absolutely not. Do you
remember Bill English thirty million dollars Tea Why never again?

Speaker 18 (53:39):
Until it was I remember it well, and I remember
the labor government giving money to the steal with the
arc furnace. So these are the country trade offs that
happen in government. And I think most people, you know,
t y, no one necessarily liked it. On the other hand,
it employs thousands of people for Cargol, and you know,
I think most people pretty proud of the fact we

(54:01):
have aluminium industry in Southland, so it's interesting to the
country trade offs.

Speaker 2 (54:06):
By the way, while I've got you, because I'm having
so much fun. Have you seen the report today on
Tom Phillips? Have you got that yet or not?

Speaker 10 (54:14):
No?

Speaker 3 (54:14):
I get it. I think it's this morning actually, so you.

Speaker 2 (54:17):
Literally received this morning. You wouldn't have the slightest clue
what's in it.

Speaker 3 (54:20):
Haven't got the foggiest to get it this morning?

Speaker 2 (54:22):
What do you do with it?

Speaker 18 (54:23):
Then I'm going to read it and then there will
need to be some redactions made for public release because
you know there's a variety of suppression orders in place,
and then we'll be me and a group of senior
ministers will be considering. You know, essentially the Prime Minister's
got to put someone in charge of responding to it.
So you know, in relation to the Royal Commission into

(54:45):
State Based Abuse, you know that became Erica Stanford, there's
always a minister has to respond to it. So it'll
be able to the PM who it is, but it
will sort of depend on exactly what the report says.
So I don't want to get ahead of that. And
in due course we will publicly release it. There will
be redactions I expect, but I'd expect to release it
probably mid August, so about a month away.

Speaker 2 (55:06):
All right, you had a lot on your plate, haven't you.

Speaker 3 (55:09):
Yes, But on.

Speaker 2 (55:12):
Nice to talk Chris bushof who's the Minister for RMA reform,
Cement and also that last question involved in being the
Attorney General fourteen to two The.

Speaker 1 (55:24):
Vike Asking Breakfast Full Show podcast on iHeartRadio powerd By
News Talks.

Speaker 2 (55:29):
It'd be Now, this is the problem, Mike. What about
the workers who lost their jobs that can leave milk? Now,
you can do that in any small town in New
Zealand for any meal. But of course those sort of
products are not unique. There are other products about the place,
and the other products that can be imported, often at
a cheaper price, not subject to the ETS. So you've
got to understand the complexity and the full detail of
the story. The exception should have been made for Marsden point. Well,

(55:52):
the problem with that is, of course it was a
previous government. Megan Woods was in charge, and there is
an argument around that. But Meganwood said she could never
foresee the day in which the storage of oil and
petroleum would become an issue. Cement, there's more cement imported

(56:13):
than Fletcher's produce. Wrong, So Fletcher's produced sixty percent of
what this country uses forty percent. Is important. So as
I say, it's important that you understand the detail and
nuance of the story. HR Cement, Mike and Tarong It
makes cement, Yes they do, but they import the cement
that they then turn into the clinker. Now that's the problem.

Speaker 17 (56:34):
So the other way around.

Speaker 2 (56:36):
Sorry sorry, they import the clinker to turn it to
the cement.

Speaker 17 (56:40):
See how complicated.

Speaker 2 (56:41):
So you import the clinker to make the cement, whereas
they do it locally at Golden Bay. So HR Cement
do do it, but they don't do it in the
way that Golden Bay makes them unique. Hence that's why
that story. Aha, sexty, I mediate, I'm not an expert.

Speaker 17 (56:57):
So clinker brick you know clinker brick houses.

Speaker 2 (57:00):
Yes, I do. I think I lived when I want
to say, I lived in one in christ Change, Jed
because my bricks were pink. Oh yeah, it's it's clinker
with a hue clinker brick house in christ Ditch.

Speaker 17 (57:13):
So is that the same stuff?

Speaker 2 (57:15):
I assume it is because bricks are made of cement.
I was at a house yesterday. I didn't ask the
question because I thought to myself, I don't know whether
to say anything. But I knocked on a brick wall
and it was a hollow. It was a hollow brick,
and I thought, hold on, what's going on here? I said,
it's a false wall or is this a false brick?
It hurt your delicate little bit, now, wasn't That was
the other thing. It didn't really. You know, when you
smack a brick, you know, you know you've smacked a brick.

(57:38):
Whereas this one, I didn't feel like I was smacking
a brick. It felt a bit hollow. I felt a
bit less Brickie didn't have some clinker in it. Anyway,
That's another story for another day. I could probably ask
Chris Bishop about that as well. Get them back on.
Eight minutes away from it.

Speaker 1 (57:50):
The mic asking Breakfast with Bailey's real estate news.

Speaker 2 (57:53):
Talk Mike, who just lost it in the background, That
was Sammy. Sammy finds me endearing, charming and extremely funny.
It's the main reason you got the job.

Speaker 17 (58:02):
I think he's just looking at memes on the ins.

Speaker 3 (58:04):
Probably was.

Speaker 2 (58:06):
For you people saying they're only ever made of clay.
I thought you were better informed. I am better informed.
You can't have clinker bricks, but Glenn is one hundred
percent correct, and the clinker can be in a brick.
Clinker can be in a bit of a brick or
a lot of a brick. And a lot of the
clinker bricks were deformed bricks, unusual bricks, reject bricks, but
not always.

Speaker 17 (58:25):
Well specifically the ones with the because my ones were
sort of orange brown with the black cred bets on it.
And if you got too close to the house, your
grazyarm or your league, it did run. So what was
the point of that?

Speaker 2 (58:41):
Was it the fun? Because we used to have fun
in New Zealand. So we had clinker bricks that you
could scrape and injury yourself.

Speaker 17 (58:47):
And I think now I see a clinker bread house
and I think, oh, that's going to be hard to modernize.

Speaker 2 (58:54):
Is it just my age? But yesterday the main story
was the gigantic, and once again I apolled Joe's for
people outside of Auckland, the interceptor, which was the big pipe.
So they opened a pipe yesterday. And I'm into infrastructure
these days, and this is a massive pipe that runs
from basically one into Auckland to another and it's going

(59:14):
to stop the poos running into the ocean. And I
thought that's good stuff. Or put it in another way,
that's good shit. So if you had the mic on,
Sammy's laughing again? Or is he still on the moves? Anyway?
I had to tell So that was one point six
billion dollars. It came in roughly to budget, It came
in on time, and it's going to solve a fundamental

(59:36):
and profound problem. What's upon a time in my life
I would have no pun intended pooh pooed an idea
like that, because I would have thought, who needs that?
Let's get some you know, some frippery around the place.
But these days I look at a pipe like that
and I think that's excellent, that's awesome. We're better off
for it.

Speaker 3 (59:49):
I see.

Speaker 17 (59:49):
Have you seen what they're going to do with the poo?
And are we cook it?

Speaker 2 (59:53):
What are they going to do?

Speaker 3 (59:54):
Oh?

Speaker 17 (59:55):
I have to tell you later.

Speaker 2 (59:55):
Okay, what after Ryan Fox? You want me to do
at Ryan Poxye? I'm happy Ryan Fox have been good
the story anyway. Ryan Fox isn't.

Speaker 1 (01:00:02):
Next asking the questions. Others won't the mic asking breakfast
with Bailey's real estate. Your local experts with national and
global reach used togs head bag was tagger woodsag.

Speaker 2 (01:00:17):
Right over a seven past day sporting highlight of the year.
Of course, in the early hours yesterday morning in the
Ryan Fox victory at Royal Birkdale. So let's get some
insight into how the celebrations and the history unfolded. He's
landing back home. He's in Florida. Ryan foxes with us.
Good morning.

Speaker 19 (01:00:31):
Morning, Mike Way. I don't actually know what it is
at the moment. I've been about three different time zones,
but it's all worth it.

Speaker 2 (01:00:37):
Good on you. I bet you, I bet you it is.
Can I ask just the most random question because I
was told you live an hour and a half away
from the airport. As a bloke who travels so much,
why would you live an hour and a half away
from an airport?

Speaker 6 (01:00:48):
I I don't will both.

Speaker 19 (01:00:50):
There's an airport twenty minutes from us, but the easiest
travel to get to the UK was going to Miami,
which is about an hour and a half away. So
we've got West Palm b T which you can get
anywhere within the States about twenty minutes away. But it
makes the international stuff a little bit harder. So yeah,
it's a there's a few.

Speaker 6 (01:01:10):
International airports around.

Speaker 19 (01:01:11):
We can go to Orlando, which is just under two hours,
or Miami or Fort Watered which is about an hour.

Speaker 6 (01:01:15):
So we do have some options at least.

Speaker 2 (01:01:17):
And now Ryan, once we've won the major, we can
start flying private, can't we.

Speaker 6 (01:01:23):
I've done a little bit of that already this year.
I'm not gonna lie, and I'll probably say there'll be
a little bit more.

Speaker 19 (01:01:28):
Of it going forward, which is, you know, a nice,
a nice problem to have.

Speaker 6 (01:01:33):
It just it does make life a lot easier.

Speaker 19 (01:01:36):
You literally, you know, drive to the door of the plane,
chuck everything in the back, jump on, and you take off.
And how the PGA tool works is a car at
the other end, and literally that cars right out the
door of the plane. You put everything in and drive off.
No security, know nothing. And it does make everything easy.
And you know, while it is on the expensive side,
you can understand why people want to do it.

Speaker 6 (01:01:58):
Its just it makes air travel so easy.

Speaker 2 (01:02:02):
Do you reckon You're in a different league now, I.

Speaker 6 (01:02:07):
Mean it would probably I would say, so.

Speaker 19 (01:02:11):
I don't feel like it, obviously, but I know that
my life is going to going to change pretty significantly
in the next couple of months.

Speaker 6 (01:02:20):
You know, obviously that it's the highlight of my career.

Speaker 19 (01:02:25):
The stuff that comes with being a major champion I
probably don't even comprehend yet, so I've got all of
that to figure out. It'll be probably a bit daunting,
you know, or a lot more scrutiny on the golf
course than what I've been able to get away with
over the last few years.

Speaker 6 (01:02:43):
You know, It's it's going to be.

Speaker 19 (01:02:45):
Strange turning up to majors now, being in marquee groups
and dealing with all of that, all of that which comes,
you know, playing with guys like Rory and Scottie and
various other guys in majors. So that'll be a bit
of a step up, something that I have to get
used to. But I felt like, you know, it was
a pretty good test of how I deal with it yesterday,
and I felt like I dealt with it pretty well

(01:03:06):
for the most part.

Speaker 2 (01:03:07):
One hundred percent. I don't want to relitigate yesterday too
much because you will have talked yourself dry with it,
but important to point out I think that that that
was a that was a proper field that you beat that.
I mean, Rory was there and d Chambeau was there,
and you beat them all. And that's of significance, isn't it.

Speaker 6 (01:03:26):
Yes?

Speaker 19 (01:03:26):
And I think the way it happened as well. You know,
it's the strongest Major is the strongest field in golf.
You know, obviously there is some qualifiers and stuff like that,
but you know, the top most of the tope hundred
guys in the world played last week. So to go
out and beat those guys is incredibly satisfying. And then
to do it the way I did, you know, thirty
four of the last six holes. You know, I feel

(01:03:50):
like I did everything I needed to do under pressure.
You I'm not quite sure. So that last part how
I hit it, My hands were shaking. It was like
the most nervous acking thing I've ever had to do,
but still managed to somehow pull it off. But get
to go out and actually take the golf course.

Speaker 6 (01:04:07):
On and win it, and and that company and that
situation is incredibly satisfying.

Speaker 2 (01:04:13):
How clearly were you thinking because you hadn't had a
booty on that particular hole, and therefore did you realize that,
rethink that, talk about that, or just how do you
switch your brain into that where you go to your caddie,
we're going to go win this thing.

Speaker 6 (01:04:33):
I said it to him on the tee.

Speaker 19 (01:04:34):
To be honest, there wasn't really I wouldn't say there
was a big discussion on it. I just looked at
him and said, we're going to take this on, Dino.
You know, I did, like, I want to try to
win the tournament and I'll deal with the consequences if
I stuff it up, basically, and that was that was
a discussion. He was fully on board with that, And yeah,

(01:04:57):
it was. I obviously executed it actually well, but it
was kind of the same.

Speaker 6 (01:05:02):
I had a similar scenario on eighteen the day before.
Obviously I had a chance.

Speaker 19 (01:05:07):
At history with shooting the lower score in a major.
I had it in that fairway bunker, and I had
had that shot. I took the shot on out of
the fairway bunker, and I almost my thinking there was,
if I take the shot on and make double, I'm
almost going to feel better about myself than if I
lay it up and make Bogain shoot sixty three, even

(01:05:28):
though sixty three would have been a better.

Speaker 6 (01:05:29):
Score than sixty four.

Speaker 19 (01:05:32):
In my head, at least, you know, being aggressive always
feels the better option, and that was exactly how I
felt on that eight to t yesterday.

Speaker 6 (01:05:40):
It was okay, well.

Speaker 19 (01:05:41):
If I if I take a tea shot on and
I stuff it up, well at least I've gone I'm
being aggressive here.

Speaker 6 (01:05:47):
I'm trying to win the tournament. Whereas if I had.

Speaker 19 (01:05:50):
Laid back with an iron, it was a really hard
It's a really hard second shot if you lay back,
you know, it's a four hen into a really small target.

Speaker 6 (01:05:59):
You probably try.

Speaker 19 (01:06:00):
I just hit it on the green and two part
from forty foot to get in the playoff, and you've
probably got.

Speaker 6 (01:06:04):
More chance of making bogy than making par doing that anyway.

Speaker 19 (01:06:08):
And you know, I would have definitely still it would
have been a really great week if I'd have done
it that way.

Speaker 6 (01:06:16):
But there were always.

Speaker 19 (01:06:17):
Would have been something in my head that would there
would have been a what if, Like what if I'd
have you know, been aggressive, you know, just for one
of the better terms, sacked up and gave it a go.
And I was really proud that I actually did do
that and then pulled it off.

Speaker 2 (01:06:36):
Just hold on, keep driving. We'll come back to you
with more in a moment. Thirteen past Ryan Fox with us.

Speaker 1 (01:06:40):
The Mike Husking Breakfast Full Show podcast on Ihard Radio
powered by News.

Speaker 6 (01:06:46):
Talk Zippy.

Speaker 2 (01:06:48):
Sixteen past Dight Ryan Fox Open Champion as well. So
have you got, by the way your jugs with you still?

Speaker 6 (01:06:56):
I do? Yep?

Speaker 14 (01:06:57):
There.

Speaker 19 (01:06:57):
I've got two of them, actually, the real one and
which I get to keep for a year and get
to return to St.

Speaker 6 (01:07:03):
Andrew's next year, which is pretty special.

Speaker 19 (01:07:06):
And I've got a replica trophy which as I think
about eighty five percent of the size.

Speaker 6 (01:07:12):
I haven't actually opened that one. We just poured a
lot of wine into the actual parachild last night and
had a bit of fun with that.

Speaker 2 (01:07:18):
I should have asked you what sort of knowing that
you like a glass of read? What sort of shape
are you in as you speak to us this particular morning.

Speaker 6 (01:07:27):
I've been in better shape, to be honest. But it's
all worth it.

Speaker 19 (01:07:31):
We finished up about three o'clock yesterday morning, and I
had I had to pick up at four fifteen to
go to the airport in Manchester, which is.

Speaker 6 (01:07:41):
I just decided at that point I wasn't going to bed.

Speaker 19 (01:07:42):
It was just going to be easier to pull an
all nighter and hopefully get some sleep on the plane
from from London to Miami, which I kind of failed
at as well. To be honest, every time I put
my head down my head was still spinning, not necessarily
from the from the alcohol, more from just what had
over the last twenty four hours or so.

Speaker 2 (01:08:02):
It's just amazing. I chat to you BT that your
experience at Burkedale, it seemed to indicate you hadn't been
there before. Is that correct?

Speaker 19 (01:08:11):
No, I played in twenty seventeen and missed the cut,
so so fun.

Speaker 2 (01:08:17):
So two rounds there plus the four this time, six
rounds and you're a champion.

Speaker 19 (01:08:23):
Yeah, yeah, plus a couple of practice rounds obviously each time.

Speaker 6 (01:08:26):
Yeah, It's it's.

Speaker 19 (01:08:28):
Crazy when you when you find it for a week.
Sometimes it doesn't matter what your history was on a
golf course. Obviously it helps if you like it. But
I do like Burkedo.

Speaker 6 (01:08:37):
I liked it.

Speaker 19 (01:08:37):
Last time I played, I just didn't play very well,
and then this time, yeah, I found something on Friday.
I played really good on Friday and then obviously played
potentially one of the best rounds of golf I've ever
played on Saturday. And you can probably say the same
thing on Sunday.

Speaker 2 (01:08:51):
To be honest, exactly, the Manda trees are gone. I
don't want to get in the weeds of the tour,
but you don't have to do a bunch of stuff
you used to have to do. I know you pulled
out of the next tournament because you want to rest.
I get all of that. But the exemptions, this the
I mean, the exemptions must be amazing.

Speaker 19 (01:09:09):
Yeah, so I've got five years. This is I was
told this last night. My memory of it's a little
bit hazy, but I think I've got five years into
every major coming up, which is pretty incredible the players
as well. I've got five years on the PJ Tour,
so I don't know how that's going to sit with
all the changes coming not next year but in twenty eight.

(01:09:33):
But I can only imagine having a major championship under
my belt.

Speaker 6 (01:09:38):
It's going to be pretty good for that going.

Speaker 19 (01:09:41):
Forward, and then I'll have full status again on the
DP World Tour for another at least five years. I'm
not sure how long a major is for deep World Tour,
so look at it. It makes it In some ways,
it makes my life a lot more difficult and a
lot more stressful with all the extra scrutiny and.

Speaker 6 (01:10:01):
All the other commitments and stuff I'll have to do.

Speaker 19 (01:10:03):
But in lots of other ways, it makes my life
a lot easier. I know, I can plan everything basically
for the.

Speaker 2 (01:10:08):
Next five years almost.

Speaker 6 (01:10:10):
Which is a great position to be in golf. Like
that doesn't happen very often.

Speaker 2 (01:10:14):
Last time we talked to you post those PGA things,
we talked a bit about your life, and you know,
you have Florida and kids in school and all those
sort of things where things have now changed. This changes
it again, doesn't it to a completely different level?

Speaker 6 (01:10:30):
It does? You know, I still probably don't understand or
know what's coming in that regard.

Speaker 19 (01:10:39):
I've probably got an idea of what's coming in terms
of golf, but no idea how it affects off the
golf course yet and some of the opportunities that arise,
and all the extra stuff that I'm going to have
to do. But like where it makes us committed in
the States now for the next five years, which is
you know, that's pretty cool.

Speaker 6 (01:11:01):
You know it does.

Speaker 19 (01:11:03):
I don't think it will change where we live or
what we do. I think we're pretty happy with with
all of that. But it does it just does open
a lot of doors going forward, and you know kind
of look forward to seeing what some of those doors are.
To be honest, I don't even know, and I don't
even know where to start.

Speaker 2 (01:11:23):
Thinking, Well, you got time to take care of that.
So the way it ended the final is that the
ideal way to end a tournament being in the final
pair with a shot too, when it's all on you.

Speaker 19 (01:11:40):
Yes, I mean it's I don't think there's a better
way to win a golf onto thirty the last. I
think my caddie Dean put it to me the best
way anyone put it this pretty late on in the
evening last night, and he said, Foxy, you you might
only get one one hard to wint a major in

(01:12:00):
your life. And yet and may that's pretty cool, Like
I reckon to be able to do that and say
that I've done that as incredible, I'm not quite sure.

Speaker 6 (01:12:11):
In the moment.

Speaker 19 (01:12:12):
I you know, everything's all over the place. The nerves
are there, like it feels hard to just take the
putter back and somehow even make contact with the paul
and yet to say it come off and go where
I aimed and what I saw and go in Yes,
pretty incredible, and I'm not one norning that lets.

Speaker 6 (01:12:31):
Out a lot of emotion, but it all came out there.

Speaker 2 (01:12:34):
It was wonderful.

Speaker 6 (01:12:35):
Mate.

Speaker 2 (01:12:36):
Obviously, maybe you must have some indication of just how
wonderful it was here and how much we enjoyed it
and how proud of you we are, and what a
day it was for us, and so therefore yours was
exponentially better, but wonderful. Warmest congratulations, fabulous to catch up.
Go well, and we'll talk again soon.

Speaker 19 (01:12:53):
Thanks a lot, Mike, and I'm definitely looking forward to
bringing the Claric jug back home sometimes.

Speaker 2 (01:12:58):
So it'll be amazing. Good on you. Go well, Ryan
Fox literally on his way home from the airport to
his home in Florida. The Open Champion twenty two.

Speaker 1 (01:13:09):
The Mic Hosking Breakfast with al Vida Retirement Communities, News
Talks head b The Mic Hosking Breakfast Full Show podcast
on iHeartRadio, folled by News.

Speaker 6 (01:13:21):
Talks v.

Speaker 2 (01:13:23):
Now it's not every day you see your retirement village
with a one hundred year old boat, but that's exactly
what you're going to find at our Vida. Tepunaway Aura,
the Fabulous to Punaway Aura. So the temperatures have dropped
in Kerry. Kerry no slowing down though. For the residents,
the village residents, they've been busy out in the water
aboard the beautifully restored Elma G. Everyone knows about the
Elma G, very well known in the region. Not only
have there been the trips to Russell for lunch, they've

(01:13:45):
had very successful fishing expeditions. Residents of hooked and press
of halls, they bring them back, they fill it them up,
they share them with their neighbors, and across Avida's Living
World communities there's a whole range of this sort of
thing going on, resident led activities to enjoy e byte
groups got the brew clubs, got the gardening groups, got
the acquiscise classes. So whatever your interest in an r
Vida community, you're very likely to find somebody else who

(01:14:07):
shares it. And that is the r Veda magic. So
to find out more about r v don't read all
about the fishing and the Elma G. Go to the
website r VDA dot co dot m z A, r
v I d A r vida dot co dot.

Speaker 3 (01:14:19):
M z posky.

Speaker 2 (01:14:21):
A lot of feedback on Ryan Fox. Obviously the world's
nicest bloke. We literally couldn't be We couldn't be happier
for him, could we? Sad news. We had Nadia olmbooked
in today to come and have a chat to us,
and we had to bump her because Ryan had landed
and it all worked out well and we said we'd
get them on from yesterday and we did. And then
she went and brought a brown butter cake.

Speaker 17 (01:14:43):
I was worried that we weren't going to get cake
because of all that.

Speaker 2 (01:14:45):
Yeah, but we got the cake. So she very kindly
brought in the cake but didn't appear on the program,
so she just supplied cake for us.

Speaker 17 (01:14:52):
So thanks, thanks Nadia.

Speaker 2 (01:14:54):
I mean an open winner and free cake, I mean exactly.
And then we get to and Inda has been monitoring
the Burnham circumstances, so parate number teen down in Strict.
They've come and they've gone, and we've got new appointment
to all with the plartest interesting historic day in Britain.
In the break Elizbet moment away after the news bridges
next the news talk zib.

Speaker 1 (01:15:16):
Here yourself think it's the Mic Hosking Breakfast with al
Vida Retirement Communities, Life your Way, New talks dead.

Speaker 2 (01:15:24):
Be quite the night our time for Burnham.

Speaker 4 (01:15:28):
A massive change in our politics. That's what Number ten
North is about. Taking the power out of Westminster and
Whitehall into every postcode in the land and from there
building a new economy. These are big changes. They are
the biggest changes in forty years. We've had forty years
of trickle down economics, which hasn't trickled down very much

(01:15:49):
at all to many parts of Britain. You go up
and down the country, you can see high streets and
decline communities that never recovered from the the industrialization of
the nineteen eighties. And this is what I'm about.

Speaker 12 (01:16:01):
Changing international correspondence with ensign Eye insurance, peace of mind
for New Zealand business.

Speaker 2 (01:16:07):
In the bright spotty mate, Yeah, good morning, Mike.

Speaker 20 (01:16:10):
Good to speak to again.

Speaker 2 (01:16:11):
And you two, what do you make of the changes
so far? Healey out of left field to a degree.

Speaker 20 (01:16:17):
Yeah, But you know what, I think that's a little
bit of loyalty there as well, because he was brave
enough to step down and he contributed to Starmer getting
the boot because Healey did not like that defense plan
and he just quit. So I think it was out
of left field nobody saw that coming. But John Healey
is now Chancellor and he really needs to get a

(01:16:38):
grip on things the UK. Here's a statistic for you
for your money people, The UK is spending every day
seven hundred and eighty million en Z dollars servicing the
interest on the debt this government owes. That is eight
percent of everything they take in. Eight percent of government
budgets per annum is being spent on servicing debt. I mean,

(01:17:00):
if the UK was a human being, I think the
banks will be digging a hole for that person by now.

Speaker 2 (01:17:05):
It's interesting, isn't it. So what do you make of
the other appointments and with the Heally thing, Does that
mean that Miller Bain was just too much for the
markets and the compromises foreign.

Speaker 20 (01:17:16):
Yes, I think very much. So I think ed Milliban
coming back in. I mean I wouldn't personally have him
in my cabinet if I was Prime minister. I think
he's a busted flush. But it's a nod to healing
divisions in the Labor Party, keeping them all united, and yes,
not having him as chancellor it just would have been
too much for the market. So he gets Foreign Secretary

(01:17:37):
John Healey goes and becomes Chancellor the Exchequer and shabanam
Mood she made it clear she didn't want to leave
Home Secretary. So look, there will be a Burnham bounce.
I wish Andy well. I've known him a long time.
He is a genuine man. He is a workaholic, He
actually cares and I hope as people have been listening
and hearing him speak, he can communicate and he'll need to.

Speaker 2 (01:18:01):
They the words were nice in terms of those who
got shuffled out, and there were a lot of them.
Do they behave themselves or not or we just don't
know yet.

Speaker 20 (01:18:10):
Yes, they will behave themselves because ultimately, the Labor Party
now has a short window in which to convince the
public that it is a party that continued to government,
that can continue to govern and win the next election,
a party that can see off Nigel Frage and reform UK,
and a party that can keep the Conservatives out. So
they need to stay together. They need to stay united,

(01:18:32):
and Burnham needs to find some quick wins to make
the public believe what he's telling them because they've had
four decades of jam Tomorrow here and guess what the
jam jars is empty.

Speaker 2 (01:18:44):
Yeah, that is true. Mamoud stays home secretary and one
of the things he doesn't talk about much Burnham is
this business of migration or illegal migration. Is he what's
he going to do with it? What's the lift leina
do with that? Is he soft on it? Does he
cracked down on it? What do you do?

Speaker 6 (01:18:59):
Well?

Speaker 20 (01:19:00):
You know, let's just nail this now. He is not
as left as people say. I would say he's quite
a moderate. I would say he is the center right
of the Labor Party. Migration is a huge issue, illegal migration.
People breaking into this country. Forty thousand people a year
are coming across on these dinghies and boats from France.

(01:19:20):
Forty thousand people a year. We don't know who they are,
we don't know where they're from. A lot of them
are undocumented because the criminal gangs driving them over here
are telling them to get rid of passports. So it
needs tackling. I'll be curious to see how he goes
about it. But there's just look, it's like ackamol the
United Kingdom.

Speaker 6 (01:19:40):
You know.

Speaker 20 (01:19:40):
I joked earlier on on air mic that they need
to put a revolving door, never mind a big black
door that opens and shuts. They just need to put
one of those kind of office revolving doors on the
front because that's how quickly they're coming in and out.

Speaker 2 (01:19:52):
What's your vibe on PMQ's. Is he good at them?

Speaker 20 (01:19:56):
He'll be very good because he can speak, he's got
a brain, he can think on his feet and look.
Starmer was a fundly very decent man, a very decent man,
highly intelligent, but far more suited to law than politics.
Andy Burnham is a scrapper. He can go into a room,
he can hold an argument, he can make an argument
and he can land a point. I don't think he

(01:20:17):
will have any problem at PMQ's. He's a very likable man.
You know, all the comedians are making jokes about just
how ordinary he is. He is quite ordinary. He likes
tea with milkin at two sugars. He likes watching soccer,
he loves Everton Football Club. He's very fond of his parents.
He's a really, really likable man. And I think you
know what really made me laugh today I went on

(01:20:38):
made the mistake going on Facebook, a lot of people
saying who elected this guy? He's not my prime minister?
How can you just swan in and force a prime
minister on someone. Hang on, I give you Rishie Sunak,
I give you Liz Trust I can keep going here.
Teresa May eventually won an election. Boris Johnson eventually won
an election. But the last four Conservative prime ministers were

(01:21:00):
all forced on people by the membership of the Conservative Party.
So look, Labour need to hit the ground running. Burnham
needs some quick.

Speaker 2 (01:21:07):
Wins related metas, but slightly off topic, just because I'm
interested of like the British steel thing and the renationalization
and the Chinese threat of a League election one two
times water looks to be on its knees? Is that
a thing for Boonhema? That is, this gonna sort of
blow up in his face, will become a problem with what.

Speaker 20 (01:21:28):
Well he wants to renationalize everything. I happen to live
in the Thames water at catchment area. I am six
miles away from the River Thames in Henley upon Thames,
and might ever come to visit me. I could not
allow you to dip your toe in the River Thames
because of the risk of you ending up in hospital
with some bacteria born infection. That's what they've done to

(01:21:48):
the River Thames. That water company is forty billion dollars.
That's billion dollars, forty billion dollars in debt. So the
management of that company cannot in any way say to
the Prime Minister, Oh, we don't like you putting us
in special measures and we don't want to be renationalized.
I'm sorry, you've you've screwed it up. You haven't got
a voice. Burnham's going to do that. How he deals

(01:22:10):
with the Chinese, however, and the whole steel industry, well,
that could result in the trade war.

Speaker 2 (01:22:15):
Well, we will look forward to talking to you in
a couple of days. Might appreciate it very much. Into
writing out of Britain for us this Tuesday morning, sixteen two.

Speaker 1 (01:22:23):
The like asking Breakfast Full Show podcast on I have
Radio Howard By News Talks.

Speaker 10 (01:22:28):
It be.

Speaker 2 (01:22:30):
I didn't have time with the end of but the
banning energy drinks for under sixteens, which seems to me
to be I mean, we all know why they're doing it.
Obviously a diet coke is not affected. You're probably thrilled
to hear, nor tea nor coffee. Anyway, it's subject to
parliamentary approval. It'll be full enforced by local authorities and
businesses that break the law could be fined up to
two and a half thousand pounds. So of course you

(01:22:50):
know full well that none of it's going to happen.
Very much like the social media band for under sixteen
year olds, the much more uplifting news I read yesterday
that I wanted to pass on to you is there's
a major study British Journal of Sports Medicine, and it's
the business of impact exercise on hips and knees. And
so this study finds that basically people with hip arthritis

(01:23:11):
who were involved in high impact activities you're jogging your tennis,
all of that half as likely till later have a
hip replacement. In other words, that the total finding of
all of this is that if you've got a bit
of stiffness in the knees or the hips, and you think, oh,
better not, then get on with it. Do it more
the better strengthen While they think strengthens joints not only

(01:23:31):
doesn't impact on joints, it's strengthens joints. Does running make
arthritic joints worse? No, So they looked at singles, tennis, skiing, soccer, gymnastics, ballet.
See I used to ski, I wouldn't ski now because
too far away from the skifield. But I used to
ski when I lived in Christchurch.

Speaker 3 (01:23:47):
I would.

Speaker 2 (01:23:47):
If you said do you want to go skiing? I
wouldn't because I'd think that you get to a certain
age you think, you know, unless you're doing it regularly,
something's going to happen. You'll go for the snow play.

Speaker 17 (01:23:57):
You're brittle, now, aren't you.

Speaker 2 (01:23:58):
I mean, I know, I don't think I am. I
think you are out there.

Speaker 17 (01:24:02):
You get out and there cold for a start, so
you're at a lower temperature than normal, and and then
you come off off your skis exactly.

Speaker 2 (01:24:12):
I think I've psyched myself into thinking. But the study
says exactly the oppostion.

Speaker 17 (01:24:15):
When we moved the show to Central Otago, as we've discussed.

Speaker 2 (01:24:18):
Yeah, but see we're not doing that because now it's
too cold. Ah se because you gott' happy be too cold.

Speaker 17 (01:24:24):
If you still want that rug for your knees.

Speaker 2 (01:24:26):
Yes, please. Fewer hip replacements with higher so about six
percent of the men and the women with hip and
the arthritis were high impact exercises. The exercise didn't seem
to make their knees worse, so if you've been sort
of second guessing yourself. That's good news, able to thought.

Speaker 6 (01:24:42):
Mike.

Speaker 2 (01:24:42):
Remember when COVID. After COVID, Fletcher has had the monopoly
on JIB. I don't think it was a monopoly, but
I know what you mean. They crucified the construction business,
ruined many small outfits, charging four times the price. The
government took years to allow imports, and so that's part
of the problem with the cement. Fletchers come to this
equation with form. Not many people look at Fletcher's and

(01:25:06):
go cool, guys, awesome. Now they might argue, look, it's
not our fault if you couldn't bring in other products
from other countries, and you can now, but it was
their fault what they charged for the products they did have,
and they didn't endear themselves to the wider community. And
so suddenly they're back for more from the government. And
you could tell from Chris Bishop he was probably the
one in the meeting was going, honestly, guys, do we

(01:25:28):
need this political headache? But clearly he lost that particular argument.
Gen Away from nine.

Speaker 1 (01:25:33):
The my costing breakfast with Defender Trophy Newstalks, they'd be oh.

Speaker 2 (01:25:38):
Winter settled in if you're feeling less and your best
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(01:25:58):
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have the resvee plus and you mix that up with
your lester's oil boom, you've got a breakfast show.

Speaker 5 (01:26:33):
Just like this.

Speaker 2 (01:26:34):
Terms and conditions apply, but it's all good. From about
health asking speaking of bush Ip. So today the Auckland Council,
how gripping does this sound? The Auckland Council today will
decide whether to make changes to the proposed Plan one twenty.
This is the PC one twenty, sending it out to
public consultation for the second time. This was the two

(01:26:54):
million houses the bishop dreamed up that got changed to
the one point six million houses. That got changed to
the one point four million houses. And once they council
looked at that, they couldn't decide because all the feedback
came back about a third, a third and a third,
and then they went, oh, after a third and a
third and a third, maybe we want to have another
look at that. So they're going to have another look

(01:27:15):
at that today to see whether they can do something
about it, to send back out to see why nothing
happens here. See, no one's remotely interested in local body
politics because that's the way they behave five minutes away
from nine trending now with chemist Warehouse, your one stop
shop this winter. The brown butter, burnt cake, the brown burnt,

(01:27:37):
the burnt brown butter cake, the brown butter, the burnt
brown butter banana cake. That's what it was, wasn't it.

Speaker 17 (01:27:47):
You've said so many B words, now brown.

Speaker 2 (01:27:50):
It was the burnt butter, brown, the brown, burnt butter
banana cake.

Speaker 17 (01:27:54):
It is definitely a banana cake. So it appeared to
be burnt in places.

Speaker 2 (01:27:59):
Seem to be seemed to be well received. I didn't
have any, but it was well received. So Nadia dropped
us off the cake, so that that went down well.

Speaker 1 (01:28:07):
Trending Now Humous Warehouse, your home of winter essentials.

Speaker 2 (01:28:12):
Guess you what is? This is Fox News. So there's
a bit of interest this morning online as to whether
he's going to turn up on here. He hosts, among
other things, The Five. Now, The Five is Fox's highest
rating program, almost unbelievably if you've ever seen it, it's
one of those the literally five people sit around the
table and just basically do what I'm doing. Now, mind you,
this is excessive, isn't it. Maybe there's a maybe there's

(01:28:33):
a model here anyway, So they were talking about higgsys
decree the other day about you know, the test rosterone
testing he said this, He.

Speaker 21 (01:28:40):
Says, you lose your endurance muscle mass. So yeah, I
want these guys on it, but you know what's going
to happen. The guys that don't need it are going
to take it to triple boosts, right, and then they're
gonna get out there, and women on base, you guys
better be careful. Port calls women in Asia, you better
be careful because these guys are going to be wild

(01:29:02):
animals and you better watch out.

Speaker 2 (01:29:07):
So even in America that's problematic these days. So the
Fox executives apparently been talking about whether or not Jesse
needs to take a day a day or two a
day or two off to calm himself down, and they
could say it was pre pad leave and all that
sort of stuff. So anyway, the point being, there's a
lot of speculation online as we speak as to whether
Jess is going to turn up on the five. Now,

(01:29:29):
the good news if you're really interested in this, is
that the five begins at nine o'clock, which is just
a couple of minutes away. So if you're so inclined,
you can go online.

Speaker 17 (01:29:40):
And well hang on the choice between that or listening
to it. I suppose you can watch it and still listen.

Speaker 2 (01:29:45):
To precisely the accouterments of local nine term noon shows
that we have around this very fine country of ours.
But anyway, that's more I feel I'm more than enough
of me today. I've got to the point I'm getting
sick of listening to myself. This press important time Tomorrow morning, Wednesday,
middle of the week already look forward to your company

(01:30:05):
from six Happy Days.

Speaker 1 (01:30:13):
For more from the Mic Asking Breakfast, listen live to
news Talks at B from six am weekdays, or follow
the podcast on iHeartRadio.

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