Full Show Podcast: 21 October 2025

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Episode Transcript

Speaker 1 (00:00):
You're trusted home for news, Sports, entertainment, opinion and Mike
the Mic asking, Breakfast with the Defender, Embrace the Impossible News,
togs Head Been Billie.

Speaker 2 (00:11):
And welcome today The state of the Plage mot Inflation
and Roading with new charter is Field for elite athletes.
I think we like this one one of Disney's biggest
voice artists to also star a wizard and alien. If
you're in the Eddies with us after age, Catherine Field
has archhist news from Paris. Rod Liddleton is in Great
Britain for us as well. Pasky, Welcome to the day,
seven past six. It seems the Labour parties not learned

(00:32):
a thing about running a country. Their first policy for
next year's voters out, so congratulations on that's the first
cab off the rankers. This wealth Fund the idea not
necessarily a bad one, of course. Are you take money
from dividends and distributed out about the place to create jobs?
The obvious questions, though, were not answered. How much does
it cost, don't know what industry's or entities or businesses

(00:52):
are involved, don't know how many jobs will it create,
don't know who decides who gets what? Don't know those
are the specific fault and what really is just a
very broad brush sort of thought bubble. The more pressing
issue economically comes in the form of a simple truth,
and the simple truth is given, you haven't magicked up
the money it has come from a business. Let's say
it's a power company. The company pays the government to

(01:14):
dividend that already happens currently. That dividend goes into the
consolidated Fund i e. The government's coffers. That money pays bills. Currently,
one of the biggest bills is the interest on our debt.
That bill is getting close to ten billion dollars a year. Now.
If you aren't using the dividend money to pay bills
because you've siphoned it off to pay for your wealth fund,
where's the money for the bills going to come from?

(01:35):
At all points, you only ever have a finite amount
of money. If some of those dollars go one way,
they can't go another. And unless you can explain how
you cover that gap, you're merely prioritizing one thing over another.
It's like increasing the car payment, but by doing it
by paying less on the mortgage, which in this case
brings in Labour's attitude to debt. Given they're the ones
who dug our current debt hole, it looks like they

(01:56):
still haven't worked out It wasn't a very smart move
where to stand a chance next year, they will need
to sharpen their policy act up considerably to something a
lot better refined than some blue sky psychobebble.

Speaker 3 (02:10):
News of the world in ninety seconds.

Speaker 2 (02:13):
So we're starting to shut down Washington, where the president's
been busy. He's got elbow and the handshake and the
lunch as we speak. And before all of that, he
seemed to go back to his favorite option on Ukraine.

Speaker 4 (02:21):
I think seventy eight percent of the land has already
taken by Russia. You'll leave it the way it is
right now. They can negotiate something later on down the line.
But I said cut and stop at the battle.

Speaker 5 (02:34):
I go home, stop fighting, stop killing people.

Speaker 2 (02:36):
Yeah, that'd be tempting for Lord to say something, but
Lord of course learned that particular lesson Meeting number one.

Speaker 6 (02:41):
A lot of people want to divide, and now we
are not on this side.

Speaker 7 (02:46):
We're on the side to have a unity between Europe
and the United States.

Speaker 3 (02:49):
It's important, vital for.

Speaker 2 (02:50):
Us As regards to the shutdown itself, the airport seemed
to be the biggest issue.

Speaker 8 (02:54):
I want to say thanks to all of the air
traffic controllers from Swap to work. They got a partial
paycheck a week ago Tuesday. Their next paycheck comes a
week from Tuesday, and in that paycheck there will be
no dollars.

Speaker 2 (03:05):
A lot of them are.

Speaker 8 (03:06):
Paycheck to paycheck. So I hope we don't see more disruptions.

Speaker 2 (03:09):
No take news if you've been up. I'm not trying
to do the wordle We've got trouble. AWS has been done.

Speaker 9 (03:14):
This lasted in total about three hours, but you get
a sense of just how fragile the Internet ecosystem can be.
United on Delta Airlines, Snapchat, Facebook, Fortnite, the AI firm, Perplexity, Coinbase,
even UK government and banking websites.

Speaker 2 (03:29):
She didn't mention SI least takes machine, but which isn't
working because of AWS as well. Why didn't you mention
that now in Paris is still insting and looking for
old jewelry.

Speaker 10 (03:38):
I think it's the theft of the decade, you know,
targeting the Louver them the world's most famous museum and
stealing the crown jewels from the podium. It's like the movies.
You know, it's a big scandal now in Franz of course,
it's a big things.

Speaker 2 (03:53):
Like the movies. In Britain. The King's been out to
visit the Heaton Park Hebrews Synagogue where he made one
of the victims.

Speaker 11 (03:58):
It's the five, the Kings of the time. It's all
time to come here, until the time to speak to everybody.
He took his time going round. You've done in many
huge difference. That doesn't make a nuge difference. We have
support in this country.

Speaker 2 (04:09):
I finally Kent County Council yesterday, the leader of Lindon.
We told you about this very upset at the leaked
tape of the council calamity. She said she'd dubbed in
those responsible will reform they run the Council Reform Act
fast or councilors had been suspended, including Paul Thomas. He
was the bloke whop you heard it. I was told
he would be muted if he didn't shut up. The
four not happy, of course, so voted no confidence in

(04:29):
Linden is brewing and being ready for next month. So
we'll have to keep me posted on that News of
the world in ninety Yeah, what can I tell you? AWS.
They claim some of it's back up, but until my
text machines back up, nothing's back up. As simple as that, AWS.
I hope we don't pay them any money. By the way,
as regards that shutdown, Hasset Kevin, National Economic Council Director,

(04:49):
he seems to claim he gives nothing to back it up,
but he's all over the media at the moment, literally
as we speak in America, telling us that the shutdown
is likely to win some time this week. So I
suppose that's good. Use twelve past six.

Speaker 1 (05:03):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, how
it by News Talks.

Speaker 4 (05:09):
It be.

Speaker 2 (05:11):
Just to give you an indication of how much stuff
goes on in the world that we don't cover in
this country. Unfortunately, there's been a fire at Bangladesh Airport.
Is that a big deal? Well, it turns out yes,
because there's been a billion dollars worth of damage clothes
and raw materials. They're massive exporters all over the world.
Twenty seven hours to extinguish, they closed all the flights
and stuff world's second largest export had closed around China

(05:31):
apart from China of course. Anyway, the garment sector and
that part of the world's worth forty billion dollars a year.
Thirty five people are injured, but a billion dollars worth
of stuff just like that's been destroyed. Fifteen past six. Yeah, partners,
Andrew Kelliher, Welcome to Tuesday. Yeah, very good morning. I
just sent they got that right. What's the vibe on that?

Speaker 7 (05:49):
Yes, Inflation is it our favorite water cooler topics? It?
I mean, I mean, ultimately it's quite a dry subject,
isn't it. But you can't underestimate how much it impacts
on us every day. So the cost of living, interest rates,
wage setting, so tad boring, it may be, might but
worthy of plenty of attention. So inflation, if you have
your head under a rock for the last twenty four hours,

(06:10):
I'll just let you know. Inflation jump to three percent
in Q three. Non tradable slowed zero point two percent
to three and a half. That's in line with the
Arbunz forecast that's been the problematic stuff tradable two point
two three percent is a lift from the previous quarter,
which was two point seven Just quickly to Courterly Numbers
headline one percent tradable zero point eight non tradable one

(06:31):
point one. Market reaction pretty muted, Mic because it was
right in line with expectations. But yeah, to make some
comments about the vibe, it's really not so much about
the here and now, is it, Mike, Well, I mean,
we know it's high. It was good that it came
in on expectations, but it's the expectation that inflation will
abate that's the key observation over the next twelve months.
So by this time next year, expectations are that inflation

(06:52):
will be back within the one to three percent band
and hopefully around the midpoint of two percent. And if
we get there, happy days. But we've got to get there.
So there's a lot of heightened interest now, I think,
particularly between now and late November, on any data that
gives us insight into prices and what they're doing. Late
November the last OCI review for the year, and I
would speculate, Michael, at the moment that there's a reluctance

(07:15):
for many households to go out and lift consumption while
many prices are given the impression that inflation is running
quite a bit higher than three percent. I mean, those
many essentials that fit that brief are household energy eleven
point four percent year on year, food four point six
percent year in year, education nine point eight. Rates eight

(07:36):
point eight. I mean, council rates some food with the
major contributors to the lift. So when that's going on,
you're sitting at home going geez. I think inflation three percent.
I don't know about that, but but Mike deep in
the data that are encouraging signs. Non tradable is slowing
x food, fuel and energy that non volatile take out
the volatile stuff two and a half percent. So the
signs are there that it will fall good stuff.

Speaker 2 (07:58):
My Foods is on the program after said thirty. So
he's got user on Invertil and Contact and the price
of power and we'll talk about all of that. But
that was a significant deal yesterday, wasn't it.

Speaker 7 (08:06):
Yes, it was so big news on the local exchange.
A significant move. This involved Infertil in Contact and just
to work through it, Infertil has purchased the told on
an Electricity consumer Trust stake in Contact Energy for four
hundred and thirty eight million, So that takes Infertils holding
to fourteen point three percent. Quite substantial Infertil. They're going
to pay for it with some debt facilities. They'll also

(08:26):
issue about two hundred and nineteen million dollars worth of
new Infantil shares two TECT. What it does, Mike is
it removes an overhang on Contact shares because Infratil and
TECT received Contact shares as part payment when Contact bought
Mono or Energy, which was Trust powers, so though both

(08:47):
major shareholders. So what it does so there was always
the potential for those shares to be sort of sold
into the market, you know, probably at a discount, So
tidies that situation up. It's also I think quite a
vote of confidence in the sector. I mean that this
is the investment team at INFANTL Morrison co very highly regarded,
so that the fact that they're prepared that they want
to do this, I think it should be viewed quite positively.

(09:09):
The other thing is Contact throws off cash. In contrast
to Infant are invested in CDC, the data center business
that needs cash, so there's some sort of offset there.
And I would make just a bigger picture comment make
that I think this sector is going to start to
look a bit more interesting for investors because interest rates
continue to decline, they continue to fall. You've got all
that money out there in tds, those TD rates getting

(09:32):
lower and lower. Those investors start looking for better returns
and they go up the risk of And let's not
forget what does AI need. We're talking about an AI revolution.
What does it need? It needs power, so it's power hungry.
So it's hard to not see this sector continuing to
grow over time.

Speaker 2 (09:50):
Give me thirty seconds on the sovereign thing.

Speaker 7 (09:52):
You oh, nothing wrong with the idea at a high level, Mike,
I mean, yes, it's short on detail. What detail there
is doesn't really compare to the other sovereign fronts. I
mean you put those businesses in, as you said, and
how do you balance out the loss of income? So
it starts small. I think you've got to start somewhere.
But what we really need to know, Mike, you said it,
how does it fit into the broader spending revenue package.

(10:13):
Once we know that, we can make an assessment of it.

Speaker 2 (10:15):
Give me some numbers.

Speaker 7 (10:16):
The Dow Jones actually quite a positive start well day
twenty of the shutdown. Day twenty of the shutdown, it's
all it's if it goes through tomorrow'll be the second
longest of all time for six six eight eight on
the Dow Jones that's up almost five hundred points one
point eight percent good day, the S and P five
hundred sixty seven three seventy four points one point one

(10:37):
percent good day, and the Nasdak up one and a
half percent, so the market off to a great start
for the week. Three hundred and forty six points on
the Nasdak twenty three than twenty five. The footso one
hundred also up a half percent nine four oh three.
The nick A got bullish again, up one thousand, six
hundred and three points three point three seven percent. Forty
nine thousand, one hundred and eighty five seen high compst

(10:59):
also up point six percent three eight sixty three. The
Aussie's Yestay gained point four percent nine oh three one
that closed there and we rallied zero point four two
percent on the N six fifty estate, closing it thirteen thousand,
three hundred and forty five key. We dollar a little
bit stronger point five to seven four eight against the
US point eight eight twenty four OSSI point four nine
three three Euro point four two eighty four against the

(11:21):
pound eighty six point six one Japanese. He and Gold
just keeps on going four thousand, three hundred and forty
seven dollars an ounce. And Brent crude though, Mike going
the other way. Sixty dollars, sixty dollars and sixty one sents.

Speaker 2 (11:35):
Give me a five and I'll think it's Christmas. Go mate,
Sid tomorrow. Andrew Kelleher Sure and Partners. China, Okay, four
point eight for the third quarter. This is GDP. A
real estate fell that wasn't good, but the industrial production
grew by six point five and Andy thought it would
grow by five percent, so reasonable in China sixty twenty
one and a half. The News Talk z B.

Speaker 1 (11:58):
Good the Vikos Breakfast Full Show podcast on iHeartRadio powered
by News Talks hit Be.

Speaker 2 (12:06):
Have him been able to work out why but elbow
didn't get the yellow chairs. They moved him into the
cabinet room. And he's been at the cabinet room and
that's all very fine and well, but the problem with
the cabinet you know what the problem with the cabinet
rumors or.

Speaker 4 (12:15):
You got to watch watchhat. You're not allowed to break that.
That mirror is four hundred years old. A camera just
hit the mirror. Hey yeah, yeah, I just moved it
up here special from the vaults, and the first thing
that happens, a camera hits it.

Speaker 3 (12:33):
Hard to believe.

Speaker 2 (12:34):
I've never heard him say yay yeah yeah before. It's
been in New York thing to say yeah yeah yeah. Anyway,
Kevin rudds in the room as the ambassador, and it's
excruciating concerned.

Speaker 12 (12:46):
In Australia that it's taken nine months to get this meeting.
Have you had any concerns with this administration with stance
on Palestine, climate change or even things the ambassador said
about you in the past, the Australia.

Speaker 4 (12:58):
Ambassador, I don't know anything about him. If you said bad,
then maybe he'll like to apologize. I rerout, I know,
did an ambassador to say something bad about it? Don't
tell me. I don't Where is he? Is he still
working for me?

Speaker 10 (13:11):
Yeah?

Speaker 4 (13:14):
You said bad.

Speaker 13 (13:16):
Before I took this position, mister President.

Speaker 4 (13:18):
I don't like you either.

Speaker 1 (13:21):
Trending now with Chemist ware House great savings every day.

Speaker 2 (13:26):
Remember the Family Playing a couple of years back got
penned by critics twenty three percent on Rotten Tomatoes Despite
all of that, huge on Apple, Most popular movie in
twenty twenty three. Anyway, Woolburg's back with the sequel. It's
dat night, buddy, what's up Max Boor that's what did
it get on the new couch a little bit.

Speaker 14 (13:44):
It's pink, Dan, I just put to me, and she's
going to stay in London for the holidays.

Speaker 2 (13:49):
No, no, no, no, no, yes.

Speaker 8 (13:50):
The Morgans are always together on Christmas. That's no negotiable.

Speaker 3 (13:53):
Very Christmas breath.

Speaker 9 (13:54):
You're early. Oh no no, no, Mom, Dad, Omar, Omar
and Morgan.

Speaker 3 (14:00):
Here's your boyfriend. This guy is reaped and he put
some clothes on yesterday. He's just call me, Daddy, Ready
for your meeting.

Speaker 8 (14:09):
One quick job and the hall show piece for itself,
Dan Morgan family Christmases ago.

Speaker 14 (14:14):
Hello, Sean, are you enjoying your family vacation?

Speaker 13 (14:17):
Oh Martin, I'm with us right, Yes, I go where
you go high here in yes in what.

Speaker 2 (14:23):
I remember it? I love it. Along with Woolburg, Michelle
Monahan's back. She was in White Lotters. Apart from anything
Kit Harrington's in there. He was in Game of Thrones.
It's out on Apple on the twenty first of November.
As regards Rudd and co By, the way, if we
get time, we'll go back to that meeting. But John Lyons,
remember the ABC's John Lyons. He was the guy I
asked Trump a couple of weeks ago about you know,
the son's running his business anyway, Lions applied to be

(14:46):
there today and he's not there. So that's what happens
when you mess with the Trump. St use for you
in a couple of moments. Then we'll come back and
crunch these inflation numbers and see where the economy goes.
Mike Jones are the B.

Speaker 1 (14:57):
And Z next the newsmakers and the personalities. The big
names talk to Mike the mic asking breakfast with Bailey's
real estate, finding the buyers.

Speaker 3 (15:07):
Others can't use togs dead Ben.

Speaker 2 (15:09):
It's hard to work out what the bigger deal is.
The duels that have gone missing from the LB or
the scandal around it are because there's been a lot
of talk about the lack of security and the overworld
staff and so on. Anyway, Captain Field and France for
shortly twenty three to seven hour inflation rates came in
as expected as you had Andrew tell us, technically it's
within the RB band, so it's not the end of
the world. But it is right up there, and it
does remind us that inflation is still very much a

(15:30):
day to day issue. Energy, your main culprit at eleven percent.
Rates came in at eight percent. Mike Jones is the
ben Z's chief economists, is back with us. Mike morning,
good morning.

Speaker 15 (15:39):
It's three Yet we think it is, Yeah, we think
it is. I mean, as you said, top line numbers
all came in bang on expectations and if we looking
amongst the details, no real weirdities in the edit to
change our forecast. So we were at two point eight
percent for next quarter and then things tail away pretty
quickly thereafter two middle of next year.

Speaker 2 (16:01):
Okay, And so what does that mean? Because I read
all your charts the other day about the economy and
reading people should read that. By the way, there's a
lot there to see that's reasonably positive, isn't that.

Speaker 16 (16:13):
Yeah.

Speaker 15 (16:14):
Look, the intent of that note was just to spotlight
those bits of the economy that are growing, because the
question will getting them at the moment as well as
its growth will where is it? So that was the intent,
and you do find, I mean, what you find is
there is a bit of growth. It's still fragile. It's
off a low base, but it's just starting to happen.
And of course, if you're talking and thinking about a
recovery next year, you've got to start somewhere, and it

(16:36):
seems like that's sort of where we are.

Speaker 2 (16:39):
How much confidence do you have on this inflation path?

Speaker 15 (16:44):
Well the next quarter or so reasonable because we know
there's going to be some big quarterly numbers that last
year we live this year that are going to drop out.
We're also seeing I think some pretty clear signs that
food price inflation is easy and that about twenty percent
of the basket. So that's that's going to be helpful.

(17:05):
But you still have to say, we'll forecasts from place
into four to two percent are just that, and so
there'll be an element of caution I think at the
Reserve Bank and as sort of a softly, softly approach
to further reasoning as we go through.

Speaker 2 (17:18):
What about see the trouble I have. I don't see
the council suddenly going yep, I'll fall in line here,
I'll put my rates up by the rate of inflation
all less. And nor do I see that in power.
I mean, are they outlies? And what sort of effect
will they have going forward.

Speaker 15 (17:34):
Yeah, we look at rates. I mean, we had an
eight percent increase on the quarter, and we're thinking we'll
get something. I mean, we'll penc it in something slightly
south of that for the next increase, which will happen
this time next year, but still about seven percent. So
it's still clearly been upward influence. Energy probably looks more

(17:54):
temporary in that we had a really big increase. We
haven't had a bunch of big increases over the past
twelve months, and I think those will start to ease
from here.

Speaker 2 (18:03):
Okay, And so if you're right and we do get
down to two as far as things like interest rates
and mortgages and stuff are concerned, that that's a shortish window,
isn't it, between now and whenever presumably the RB starts to,
you know, wind things up again.

Speaker 1 (18:18):
Yeah.

Speaker 15 (18:18):
Well, the rate cuts that we are seeing have seen
from the Reserving are of course largely predicated on their
forecast that inflection and tails away to two. So that's
almost baked in the cake already, the cuts that we've seen,
in the fact that we'll probably get another one next month.
In terms of when you do start to pull out
the other side. I mean that's yeah, that's that's that's

(18:40):
a difficult one. I think what we do know though,
is that the capacity of the economy, or the growth
in that capacity, it isn't perhaps we would like it.
It's pretty low, so you know, you could actually start
to see some of those capacity pressures tighten up again
with not a lot of growth next year. I think
that's going to be something we're going to be.

Speaker 2 (18:59):
Watching for interesting an election year of course too, which
always helps all henders depending on you. You're Mike. Nice
to talk Mike Jones b and said Chief Economist nineteen
Away from.

Speaker 1 (19:07):
ZIM the Mic Hosking Breakfast Full Show podcast on iHeartRadio
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Speaker 2 (19:16):
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Speaker 17 (20:18):
Thank you so much, mister President, for the invitation here
to the White House and for showing us around the
improved Oval office, and for what you're doing around here
as well.

Speaker 2 (20:30):
Yeah, and of course once you've been sucked up to,
you've got to be you've got to play nice too.

Speaker 4 (20:34):
We've been long term, long time allies, and I would
say there's never been anybody better. We fought wars together.
We never had any doubts. And it's a great honor
to have you as my friend. It's a great honor
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Speaker 2 (20:57):
It could be working out very nicely, doesn't it. In France,
Captain fieldmore to you. Good morning, Mike Jeeves. What's the
big I was saying, as a sort of musing out loud,
what's the biggest scandal? The fact they've nicked some stuff
or the fact they could actually nick the stuff?

Speaker 19 (21:13):
Yeah, the fact of how they did it was pretty audacious,
isn't it, Mike? Having nine point thirty on a Sunday morning,
Hiver's Jackets rolling up on a main street in Paris,
parking this truck, putting the traffic cones around it, then
putting the ladder up to the balcony and breaking into
sort of this is extraordinary stuff. I mean, we're used

(21:35):
to the movies, aren't we, where we see James Bond
use helicopters and laser cutters things like that. But this
was just a basic old fashioned smash grab get out
and get on the road.

Speaker 2 (21:47):
And the fact that I get the cones, I get
the truck, I get the letter of people haven't seen
the pictures. They should because it just looked like whitmen.
But the part where they were slicing through the window
and nobody's thought, hmm, that doesn't look normal seems the
most extraordinary thing. Or that alarms didn't go off, all
lights didn't flash.

Speaker 19 (22:06):
Well, first of all, if anyone knows Paris, they know
you do not have workmen on a Sunday morning, So
that should have had a few alarm belsering, wait, you
know what's going on here? Next thing, Yeah, that they
were able to get through that window long before the
alarms went off. Now, just to give you a bit
of context on this one, Mike, the Apollo Gallery is

(22:29):
very long and thin, and one of the starf things
about this gallery when it was renovated and eighteen fifty
one was it had that window that looked out.

Speaker 14 (22:38):
Over the sand.

Speaker 19 (22:38):
Yeah, this is supposed to be what they did. So
that was why that window's there, just to give some
light and to make it so wonderful. But you're quite right,
there were so many things that went wrong. Why did
it take so long for the alarms to go off?
Why did this place is meant to be hooked up
to the central police station in Paris. Didn't they think, wow,

(23:02):
this is strange, someone's got a letterer up the side
of the louver or too many questions to be asked,
not least why was it that In twenty twenty one,
the new director of the Louver said security has to
be tight and this place is just waiting to be robbed.

Speaker 2 (23:19):
Have they got any clues then they know where they're looking?
Where are these things?

Speaker 19 (23:23):
They have no idea what they're looking for. It's over
twenty four hours now. The state prosecutor here has said
the first forty eight hours will be crucial because up
till the end of forty eight hours the robbers will
be sort of looking to hide themselves. I mean, there
does seem to be some sort of possibility that they
will get DNA. Of course, that DNA will come from

(23:45):
the crown which they dropped as they were trying to
get away. They will get some of that. They've also
found one of the Hiver's jackets, which obviously fell off
the back of the motorbike because they're driving away. They
think possibly that this is people who knew what they
were doing. Just the way they did at the time
and the speed with which they did that this was
an organized gang, had a carefully laid out plan, and

(24:09):
perhaps it even meant that they were stealing these to order,
so they'd get them somewhere, get the jewels out and
have them melted down so they could recast them or
sell them on.

Speaker 2 (24:20):
If they catch them, will they end up in the
cell next to Sarkozy.

Speaker 19 (24:26):
Well, there's an other of them. You remember that big
heighs We had twenty sixteen Kim Kardashian ten million dollars
worth of jewelry, So maybe that one, But no Sarkozy,
former French president. He heads off to prison Tuesday morning,
our time first ever former head of the European Union
country to serve time behind bars. The last French head

(24:49):
of state to go behind bars was, of course, the
one who was the Nazi collaborator Peta, because he was
he signed the Armistas with Germany. We're told that mister
Sarkozy will be there, members of his family will be
there to show solidarity as he goes in the door.
We're also told he has told Le Figaro magazine that
he will take with them two books. One of them

(25:11):
will be a copy of Alexander Dumars, Count of Monte Cristo,
which just from memory, tells the story of a man
who escapes prison after being falsely accused of treason, and
is also going to take a new biography that's been
written about Jesus Christ.

Speaker 2 (25:25):
Okay, we wish and well must catch up. Catherineppreciated Catherine
Field in France. But by the way I'm reading, made
AI in that particular part of the world. In Europe generally,
Europe is planning to triple the data center capacity. Now
is that interesting? Well, it sort of is because in
southern Europe about thirty percent of the population are situated
in areas with permanent water stress. So of course these
people build these things next to water and they don't

(25:47):
have enough water, so they don't have enough water currently,
So what are they going to do when all the
data centers arrived? Has anyone thought about that? And here's
the other thing. They seem asleep at the whel. The
EU is announced in the over the weekend that they're
twenty twenty seven. They're going to have their anti drone
system up and running so currently the war's going on.
The drone incursions are happening right here, right now. Europe
busy going this is a business Russian thing. Is this

(26:08):
a problem? Yes, it is. What should we do? I
know we'll find something to fix it by twenty twenty.

Speaker 13 (26:13):
Se Have they been waiting for the funding for the
drone Wall of Significance?

Speaker 2 (26:18):
I don't know, but it seems slow, doesn't it. Nine
Away from Seven.

Speaker 3 (26:21):
The mic Hosking, Breakfast with the Defender and News.

Speaker 2 (26:24):
Togs Head be like a saurstat yesterday, the Kiwi is
the fifth richest per capita in the world. So what's
everyone complaining about. It's a very good point. I don't
mean to demean the Herald, which is where you saw
the story, but we actually did the story last week,
which means you weren't listing your sawd in the Herald,
which gives you some sort of insight I suppose in
the news cycle. But we are. We are wealthier than
we think, and in wealth is a state of mind.

(26:45):
Thank you, Grasshopper. Sex Away from seven, all.

Speaker 3 (26:48):
The ins and the ouse.

Speaker 1 (26:50):
It's the fizz with business fiber take your business productivity
to the next level.

Speaker 2 (26:55):
You watch construction cross costs have slowed, flattened out. So
we got this data report this morning about how prices,
how bad they were for a while. So last month
construction costs were one point two percent up year on year,
so well below inflation. You go back those to twenty fifteen.
The residential costs have gone up since then, sixty one percent.

(27:16):
That's for a standard one hundred and seventy five square
meter home. So that's compared with a thirty three percent
increase in the consumer price indexso thirty three percent overall,
that's sixty one for building. The building cost inflation has
run it roughly one point eight times the pace of
general inflation over the past decade. It's been ruinous. Non
residential didn't rise christ as much, so costs there were

(27:38):
forty two percent. It's probably all tilt slab, doesn't it.
I mean, I mean, how complicated is tilt slab? For
goodness sake, seed to weather boards, they're the big ones.
I got a cedar house, and I don't know whether
I love it or hate it because it it needs
a lot of maintenance. Ceedar house anyway, twenty fifteen, it
costs seventeen dollars a meter. That got up to sixty

(27:58):
four before coming back down fifty three. Shadow clad exterior
plywood up one hundred and ten percent, your windows up
seventy two. I mean, what do you need windows for?
They're a luxury anyway, aren't they cut back on the windows.
Steel sheet roofing up seventy six. Radiata Pine clear flooring
one twenty two percent, as in one hundred and twenty

(28:19):
two percent. Carpet forty one. That'll be that vinyl crap
they're bring in from China.

Speaker 4 (28:25):
One.

Speaker 2 (28:25):
You mean your good wool stuff will be better than
that ready mixed concrete. Don't talk to me about redimixed concrete.
When I put the when I put the old winter garden,
then we needed a concrete base. The concrete base was
more expensive than the winter garden. That's gone up forty
three percent. Radiata Pine framing forty five percent, Plywood only
twelve percent. But then it's plywood, isn't it. We don't

(28:46):
really like plywood. Construction labor costs are up thirty five
percent over a decade. That's not bad, though, if you
do ten years thirty five percent over a decade, that's
not bad. I mean, Glen's salary has gone off over
thirty five percent over the last decade. I know that
for a fun fact. I don't actually I just made
that bit up just for fundsies. Certainly, Sam's have you
seen what I'm wearing? What I'm but that's been taste.

(29:07):
Not everyone spends the money on clothes. Can't buy taste. Lynn.
As I've told you many times, Chris Bishop on the road,
speaking of money, he's spending big so so a few
hundred million dollars for the planning and a few hundred
more million dollars to buy the house. Wouldn't you buy
a house if the government came knocking on your door
and said, you know, how long would you hold out for?

(29:31):
Because John Key always had the thing he said, look,
you know, for the last house standing. Just give him
what they want, get the get the project going on.
And I think I'd want to be the last house sanding.
I think anyway, So the Roads of National Significance will
have a look at this after the news, which is next,
News Talks.

Speaker 1 (29:48):
Credible, Compelling, the breakfast show you confess it's the Mic
Hosking Breakfast with Vita, Retirement, Communities, Life Your Way, News
Talks Head.

Speaker 2 (29:58):
Be seven past seven. We got next ups in our
Roads of National Significance program, everything from the Northern Expressway
to the second amount VIC and terrorist tunnels. We've got
one point two billion set aside, six hundred and seventy
five million for consenting and design. We've got a bit
of a half a billion to buy up the property.
Chris Bishop is the Transport Minister back with this morning.
Those budgets. How locked in are they? I mean how
open to creep are they?

Speaker 6 (30:21):
So the Transport Agency has taken a very conservative approach
to the budgets. They're what's called the P ninety five
rather than P fifty, which technically means they're a lot
more confident in the confidence around the numbers than they
are with a P fifty. So they've done quite a
bit of work and it's they're conservative, but there's no
doubt that their expensive projects.

Speaker 2 (30:39):
Mike, Okay about that. How long's this stage?

Speaker 6 (30:43):
So what's happening now as we're going through a prioritization
exercise as a government. We've now got all of the
investment cases and we're going to go through a bit
of a process of the government of working out you
know what the sort of rough order of sequences.

Speaker 20 (30:55):
You can't build everything all at once, and we've always
said that.

Speaker 6 (30:58):
You know, the seventeen around the country have got public
transport projects too, like the Northwestern Busway in Auckland. We've
got to think about the Airport to Botany busway We've
got to think about as well. So we can't build
them all at once. We want to make sure there's
a regional spread. Some are readier than others, to be honest,
Like if you think about Cambridge to Purity for example,
that's the extension of the way Kadock Expressway that just
got its consent. That project's been worked on for you know,

(31:19):
either better part of a decade to be honest, that
project's you know, coming ready for construction.

Speaker 20 (31:25):
Others are a few years away.

Speaker 2 (31:26):
To be fair, that Northern Expressway has got to be
ready to go. You cannot have a donkey track into
Northland as a region, can you.

Speaker 6 (31:33):
Oh, the north and expressways in procurement right now. So
so stage one Walkworth to Welsford, that's in procurement right now.
We're expecting to turn a side on that next year,
so that will start construction next year.

Speaker 2 (31:43):
So there are significance within significance is what I'm finding
out here. Because you can't do Why can't we do
it all at once? Is there a labor pipeline issue here?

Speaker 20 (31:52):
Well, you can't do it all at once because there's
a couple of reasons.

Speaker 6 (31:54):
One is just the market capacity, and then secondly it
is just the funding and financing of these things.

Speaker 20 (31:58):
So you break them up into staate.

Speaker 6 (32:00):
So we've broken Northland into three stages, and even within
one of them there's sort of two bits. You think
about the kind of expressway that took twenty years, right,
we didn't do all that, or didn't do that all
at once. We started at one end and we kept
going and now we're likely to do next the next section,
so we'll finish up in Pearity. And you know, think
about the Catholic express Away and Wellington. You know that
started back in twenty ten, twenty eleven. From memory, we're still.

Speaker 20 (32:22):
Doing the next bit of it. It just takes time
to build these things. I am impatient as you are, Mike.

Speaker 2 (32:26):
It does talk as you are. Guy who does my
coffee machine was round at my house yesterday. He goes
to Russia, right, he says, what they do in Russia
is they closed the place down over the weekend, literally
close it down, and they flood the place with people
and they put a new road in them by Monday,
there's a new road. That's what they do in Russia.

Speaker 6 (32:43):
Well, they might have some labour, little difficulties in Russia.
We don't have in New Zealand. But I get your point.
And look, I'm as impatient as you are, and I'll
keep saying to the Transport Agency, but we've got to
try and speed these things up. You know, we don't
need bells and whistles, we don't need gold plating. We
just need to build some roads. They just need to
be simple, simply designed, you know, low cost as much
as possible and just get on with it.

Speaker 20 (33:03):
And that's what we're doing.

Speaker 6 (33:04):
And that to be fair, these business cases that they've done,
some of these business cases used to take three four years.

Speaker 20 (33:09):
They've done them in eighteen.

Speaker 2 (33:10):
That was my next question. So you can point to,
because you'll need to an election year next year, you
can point to a process that is materially faster and
more efficient than it used to be.

Speaker 6 (33:20):
Absolutely, absolutely, these things used to take three four five years.

Speaker 20 (33:23):
I mean remember light rail. I mean we never got
out of the business case there was though.

Speaker 2 (33:27):
No one took that seriously. I mean, you're a government,
you're serious people. I'm expecting some progress here.

Speaker 20 (33:33):
Yeah.

Speaker 6 (33:34):
Well, we've got oteching and Levin started, We've got maling started,
We've got we've got the Takatimu north Link is in
construction right now, and they've got a whole range of
projects that are being built right now. I've got a
whole range coming to market in the next year or
two which will start start construction on.

Speaker 20 (33:49):
It's great news for the country.

Speaker 11 (33:50):
No.

Speaker 2 (33:51):
Christ Biship, Transport Minister. Ten minutes past seven, Pascal so
to Labour's big day out with a new idea. So
they're calling it this future fund the broad idea, as
you said, aside money to funds capital investment from you know,
the small local idea that might otherwise head off shore.
Robbie Paul is the CEO of ice House Ventures and
as well, there's Robbie morning, good morning. Don't you do
this anyway? Isn't this what you do?

Speaker 3 (34:13):
Well?

Speaker 21 (34:13):
The capital markets do lots of things and we invest
in tech companies and so that I think is an
interesting provocation, right, Like what companies are not evil source
of capital that they need and why.

Speaker 2 (34:25):
Yeah, exactly, because all I saw yesterday was Chris Hopkins
wandering around the room, you know, going do you need capital?
And everyone said no, I'm all sorted, thanks very much.
I mean, is there a capital problem?

Speaker 21 (34:35):
Look, I think the overall policy is sort of agreeable
and directionally correct. Is there a problem? I've never really
subscribed that. I say that there's a gap in the
capital market. It's a capitalists and investors are extremely efficient
at finding yield, right. And you know I point out
is that every time we talk to the New zeal
And super Fun, they describe their offshore investments as their

(34:56):
fiscal responsibility.

Speaker 5 (34:57):
Right.

Speaker 21 (34:57):
They're going globally to find the best things that they
can invest the exactly.

Speaker 2 (35:00):
But as far as I can and really broad terms, Robbie,
the world seems a wash with cash for ideas.

Speaker 21 (35:10):
Yeah, look, great entrepreneurs are you know, they're the customer
in our experience. So I think a lot of people
traditionally assume that we as investors sit there and you know,
send off companies. It's actually the opposite, where great companies
are being chased by us and investors globally.

Speaker 2 (35:27):
Yeah, I just can't work out where they're going with this.
Appreciate your inside Robbie Paul the ice house bench of CEO.
If that's the best, I mean, there's nothing wrong with
the idea. It's like you go, are you against it?
And of course I'm not, why would I be? But
but it's already being done and we're happy as so.
It's another word dumpy do idea from people who aren't
out in the world, don't understand the real world and
have come up it's sort of a kind of a
nothing and that's where we get the part. Well, well,

(35:48):
who's in charge and what decisions do you make? And
what companies are involved? We don't know, don't know, don't know,
thirteen past seven, tasking like I'm a business c if
I have just had a twenty two percent reduction in
insurance premium's huge capacity in insurance markets and big money
coming in from off Sure, that's interesting, Mike, just laugh
When Chrishipkins talked about the Future Fund, can't anyone remember
keep we will? Yeah, they've got a massive credibility problem.

(36:10):
They're the same people who buggered the place a back
three years later, going hey remember us. I believe a
lot of our country's poor economic performance. My growth and
recovery from the previous six years is due to the
negativity surrounding the whole of society. This has been led
and fed by negative lefty media that won't be happy
until we're all reliant on a social estate. You know what.
I was talking to a friend who isn't from London
the other day. They couldn't agree more. They've come back

(36:32):
and they gone, what the hell is the matter with
everyone's attitude here? And I think you're onto that there's
something in that fourteen past.

Speaker 1 (36:40):
The High Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at b Right.

Speaker 2 (36:47):
Sixteen past seven latest charter school's got to focus on
high performance sports. The New Zealand Performance Academy set to
open early next year. It will offer Elake rugby and
football training alongside your regular schooling. Bretto Riley's on the
board of this particular establishment and as back with the
Brett Morning Morning Mate, this seems for those of us
who were into sport at school, this seems like a
dream come true. Yeah.

Speaker 16 (37:07):
Look, it's certainly a great model and I think it's
going to offer a really, really exciting education opportunities and
really exciting high performance sport opportunities for young women and men.
And I think that's something we've been working on for
quite a while and it's really nice to see it
come to fruition.

Speaker 2 (37:26):
How does it work? Do you pick winners? I mean,
are the best of the best? Are you cheery picking?
In other words?

Speaker 9 (37:32):
No?

Speaker 16 (37:33):
I mean our funding through the charter school program really
establishes us as a school that takes will come it.
So anybody who is interested in going to the New
Zealand Performance Academy ALTERRO can enroll and they can participate
in the school alongside people who are part of the

(37:55):
Wellington Phoenix Academy. They can participate in sport activity themselves,
but they can also just have a and I don't
know what normal is anymore, but they can have a
secondary schooled education. And we're as focused on academic achievement
as we are on sporting achievement, and hopefully we can

(38:17):
make both of those things happen. So, even if you
don't have an aspiration to be a professional athlete, if
you're interested in sport and you're thinking in a bit,
you enjoy going to school alongside people who do have
an aspiration to be a professional athlete.

Speaker 2 (38:31):
You can do that because we interview the people behind
the online charter school the other day and they said, look,
the rules are there is no cherry picking, and I
understand that, but in your case, is that a miss?
I mean, surely, if you've got a facility, you want
to plug in the best athletes so that they can
excel to a point where they will live to their
fullest potential. I mean, isn't that what that's all about?

Speaker 16 (38:49):
Look, I think it will naturally attract people who want
to be you know, who want a career in sport,
but you know, both as directly as participants, but potentially
also in related careers like physio and administration.

Speaker 3 (39:06):
And you're right.

Speaker 16 (39:07):
We located at the New Zealand Campus of Innovation and
Sport and tread them the old CIT as it was
many years ago, and that is one of the best
high performance sports facilities in New Zealand, if not the
world actually. But the technology and the investment I've made
in the.

Speaker 15 (39:24):
Infrastructure is incredible.

Speaker 16 (39:26):
But you know, we expect we'll get a lot of
local young people, initially years eleven to thirteen from the
Hut Valley catchment, but we've had the phone has been
literally running hot since announcement yesterday, and so we're aiming
for one hundred in our first year on the role.
And I don't think based on yesterday's announcement and the feedback,

(39:49):
we can have any problem for achieving that.

Speaker 2 (39:51):
Well, I wish you the best. Well, it's probably I'm
a big fan of charter schools, but this one seems
to be the best of the best. BREDA Riley, who's
the New Zealand Performance Academy board member David Seymour, pushing
thirty was pretty good, don't you think so? Sam said
in here going No, I do eighty five. But Sam's
a bit like that and he's on steroids. But David,
if you didn't see him on the news yesterdays, lying

(40:11):
down is pushing fifteen aside plus the weight to the bar.
He looked at you looked at it closely. He was
he was shaking. He wasn't too red in the face,
but he had a business shit. We were impressed. My wife,
who's very much into weights these days, was very impressed.

Speaker 13 (40:27):
The people who say plus the weight to the bar,
are they like the people who say and a half
when they give their high No.

Speaker 2 (40:32):
The way to a bar? You ever pushed a bar, Glenn,
I got a couple of bars at home there. I
reckon five cage's by themselves. I think he's pushing. He
was pushing thirty depends.

Speaker 13 (40:39):
If it depends on It depends on the bar. That's
what I'm saying. Percentage wise, you know, it becomes less
significant the more you go up, doesn't it?

Speaker 2 (40:45):
Well, like as the maths equation as well.

Speaker 13 (40:48):
I'm just saying that people who are six foot five
never say I'm six foot five and a half, whereas
people like me who's five foot eight and a half,
I definitely hang on to.

Speaker 2 (40:56):
That half, Okay, I got to you at five foot
three or four or maybe just stoop that way. It
is a seven twenty one.

Speaker 1 (41:04):
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Speaker 2 (41:14):
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your profitability. Cosking Seymour's just texted a lot of your

(42:18):
texts twenty kg's the bars twenty so he's lifting fifty.
What led the inflation numbers answer electricity. And here's the
scandal about electricity. The numbers just for reference, one percent
for the quarter, three percent for the year, electricity eleven.
So that's your cost of living crisis right there. The
cost of living crisis isn't a broad base thing. Not

(42:38):
everything's up a lot, Not everything even costs a lot.
One of the great ironies about the butter scrap was
that although yes, butter has risen a lot in price,
it has risen for decent explainable reasons, i e. We
make a lot of foreign income from selling the world
one of our high quality products. But at no point
is but are really unaffordable given we don't use a
lot of It's not like we're using three packs a day,
but we do use and really you can't escape power. Further,

(43:01):
your average usage of power is a hell of a
lot more than butter. And yet butter turned into a
national monathon for weeks on end. Here's the real scandal
on power. It's hidden, of course, behind the climate. There
is no need for power to cost what it does
in this country, far less cost even more and more
and more, and therefore add to inflation. We fail to
invest in infrastructure and the labor, government killed oil and gas.

(43:22):
Add those two things together and you got the current debacle.
You can add counsels and their rates bill if you want.
But in the theory, the government's eventually going to get
around to capping those rates. But at what point does
power get the same attention? Power is industry, an industry
is jobs, and the danger of inflation is it is
simply a measure of things getting worse. It's a vicious cycle,
and unless contained and restrained, we end up in the

(43:44):
mess that we currently are. Bits of inflation are contained,
of course, how by not doing things. Losing jobs and
closing factories fantastic for inflation. Economic stagnation creates very little inflation. Meantime,
the power companies, under the guise of saving the world,
are building windmills and sending us the bill. The cost
of power in New Zealand, whether for you or me

(44:05):
or the country's biggest uses, is ruinous, literally ruinous. The
inflation out workings are but one part of their overall evil.

Speaker 3 (44:14):
Asking we've talked to.

Speaker 2 (44:15):
Contact about that in just a couple of moments. Yeah,
everyone's saying bars are twenty cag's, which is funny because
I don't lift a lot of those big weights. I
use dumbells all that sort of stuff, But Katie does
and she's we got a couple of these big bars
in the gym and I lifted one one day and
I thought, God, that's heavy. Why is that so heavy?
What's the point of that being that heavy? When I'm
going to put extra weights on it as well? Why

(44:35):
don't you start off super light and then you can
build it up with the weights on the site. So
David was fifty, so that seemed to me to be impressive.
Sam's claiming one hundred and forty five. Now he said,
don't insult me with the eighty five. It's one hundred
and forty five, And I'm thinking that's bollocks.

Speaker 13 (44:50):
He wants me to lie down straight so he can
lift me up and down.

Speaker 2 (44:53):
He says, but you're you're one hundred and twenty seven, aren't.
I know, yeah, and squidgy, I know it couldn't grip
on you a sack of seed. Exactly which bits would
you grip and how off putting would that be? As
I say, we'll talk to a contact about power after
the news, which is next. You're in the my costing breakfast, No.

Speaker 3 (45:19):
Fluff, just facts and fierce debate.

Speaker 1 (45:22):
The Mic Hosking Breakfast were the defender Embrace the impossible
news togs head be Mike.

Speaker 2 (45:27):
Glad you had Robbie Paul from ice House on the
sharp and investing in ice House for a few years now.
They're smart guys who know they right. Thank you, Lindsay.
Mike interview with Chris Bishop refers to how come funding
is a problem to cause prioritization when toll roads as
highways are self funding. Ellen, it's not a bad question.
Let me come back to that in the moment, Mike
does the fact that Liam was doing a lot of
promotional work for Ford last week in America means he's

(45:49):
a front runner for so No to seat next year?
Another good question. More shortly twenty three to eight Now
news on the power front in Fatilla's putting almost half
a billion into Contact Energy, as Andrew alluded to earlier
on in the program. Forsyth BARSI a fifteen percent net
profit to well, it's a jump to three hundred and
eighty eight million. They think we also have another gas

(46:11):
price rise coming. This one's seventeen percent for more than
forty thousand homes. So there's a lot to talk about
in the world of power and energy. Generally, my fuse
as the CEO of Contact Energy and is back with us.
Mike Morning to you, morning Mike.

Speaker 5 (46:23):
How are you.

Speaker 2 (46:24):
I'm well, thank you? Are you sort of in a
rock and a hard place. I mean, it's wonderful to
talk about profit, except when they come from people who
hate you because you're putting the power price up.

Speaker 15 (46:33):
Look, I think there's two things in that. One is
our profits rising because we're investing, and that's a quid
pro quote. I think the second thing to understand is
that for electricity prices, the primary driver of these price increases,
we're seeing other lines charges, which fortunately they are regulated,
and the next price path was set when interest rates

(46:55):
were almost double what they are today. So that's unfortunately,
that's the regulated part of the industry. In the where
the gentators, where we're competing, hard spot prices have come
right off.

Speaker 2 (47:11):
A foresyth bar roughly right. They're estimating you're going to
have an operating profit of two forty two. That's for
the three months to the end of September. That'll rise
to three eighty eight in the year to June next year.
Four seventy five by June twenty seven to five nine
by the year after that. I mean that's big, big money, yes,
and that just.

Speaker 15 (47:29):
Reflects the amount of investment we've got into geo thermal.
But now we're putting into solar batteries and even potentially wins.
So the amount that we have invested in both to
Harder and Tohooka three is an excess of a billion dollars.
And we've got the replacement for Waitaki well underway. That's
another six seven hundred million dollars. We've got the battery

(47:50):
at Glenbrook, we're thinking about expanding that even further. And
we've got the solar farm down at christ At Airport,
which will be New Feiland's biggest, and we're now look
at one north of Auckland upper Tallonsville. So we're busy
and all that reflects is high quality investment.

Speaker 2 (48:07):
Yep, but with returns, which is why and Fratilla involved,
because they want the business, they want the cash, they
want the dividends. I mean, you are making money, there's
no hiding from that, and I'm not saying it.

Speaker 15 (48:15):
Well, no, we are making money. We are not We're
not embarrassed by that at all. If you make good investments,
then you make good money that we are very proud
of that.

Speaker 2 (48:23):
Explain to it just really simple terms, that the eleven
percent plus in the business of inflation, how do you
defend that as an industry.

Speaker 15 (48:32):
That is primarily coming from the lines charges, the lines
and transmission charges, which are the regulated part of the
power bill, and they are rising. So they rose by
about twenty percent last year. I think the average rise
of the line's charge is about sixteen percent this year.
That's set. Those price raises are in effect the regulated

(48:53):
part of the market, and they're set by the Commerce
Commission on the basis of interest rates. And fortunately when
they were last set, interest rates were at the absolute peak.

Speaker 2 (49:05):
Okay, do you subscribe generally to the idea that your contribution,
the industry's contribution to the inflation overall inflation picture is
going to come down substantially going forward.

Speaker 15 (49:19):
It has, and it already has come down substantially, and
it will come down as more and more of this
new reviewalable generation comes online and more and more jet
fimal comes online, that part of the powerbill will flattened
out considerably, and it already has. It's well on line
with inflation.

Speaker 2 (49:39):
Gas is involved but separate. So what I was reading
is the gas spot price was fourteen bucks on Friday,
you're selling it for forty one, suggesting being something like METHODS,
A big player like method X pays six. Are those
figures about right?

Speaker 15 (49:55):
Look, gas prices have gone you have to have gone
up substantially. You have to look at the long term
price of gas. So when the male reserves crisis hit
twenty years ago, it was about four dollars, then rose
to eight dollars.

Speaker 13 (50:09):
As the.

Speaker 15 (50:11):
As we had the last round of drilling and the
all in gas van it has come up. The long
term prices come up again, almost doubling to somewhere between
the fifteen to twenty dollars range and the wholesale market.
Sometimes the spot goes a bit lower. And so all
that reflects is the scarcity of gas and a declining

(50:31):
gas supply, and that's just a market working.

Speaker 2 (50:36):
Yeah, I get that, but I understand gas more than
I understand power, because you can make more power. There
seems to me there's no excuse for not having more
power in this country because you can investigate and make it,
whereas you can't make gas, especially if you're not looking.

Speaker 5 (50:48):
For it exactly right.

Speaker 2 (50:50):
So what I mean what literally happens to gas? You
just keep charging more and more and more as there's
less and less of it, and people what either convert
or stop using it or their business closes.

Speaker 15 (51:01):
I think the big thing is is Number one, we
keep the lights on and we keep houses warm, so
we keep supine gas, and we're stepped into that space
with both retail and all of government homes, hospitals and schools.
Keep the lights on, keep them warm. I think the
second point is that large gal industries in particular people
who can convert where the time is right, not forcing them,

(51:24):
but when the time is right, when the appliances become obsolescent,
we encourage the conversion to electricity at that point and industries.
We're already actively helping industries convert. We've done that at
New Zealand Steel. We're working with Fonterra and other dairy
companies to convert. So there is conversion happening. But the

(51:46):
important thing is is that it's a wealth caught out
and managed transition, and that leaves enough gas for the
long term for those really hard to convert users.

Speaker 2 (51:55):
What's the what's the timeline on the amount of investment
for renewables whereby my power bill comes to a level
goes down. Do you think it will ever go down?
I mean, I'm assuming at some point there's so much
generation that either you guys go hang on, we need
to stop at this point otherwise going to start losing money,
or the price of power actually comes down becomes more affordable.

Speaker 15 (52:15):
I think renewal energy is one of New Zealand's secret gifts.
And as we build more and prices stabilized, maybe come
down a little bit, we will become incredibly attractive to
overseas companies to invest here on the basis of a
fantastic renewal energy source. It's already creating jobs in the
construction of these projects. And as we can attract new

(52:36):
industry here on the basis of a very plentiful supply,
that's a great outcome for New ZEALI.

Speaker 2 (52:41):
When's that happening, though, that will be happening over.

Speaker 15 (52:44):
The coming years. We can always already see two or
twenty five, five to ten years. I think you will
see industries coming here to New Zealand because of our
renewable energy supply.

Speaker 2 (52:55):
And does that include data centers and AI and all
that other stuff. I mean, we building capacity at that.

Speaker 15 (53:01):
It may include data centers. Obviously, a stable, reliable country
like New Zealand with a fantastic renewable energy source is
very attractive to both sorts of industries. It could well
attract other industries as well, so we just keep looking
out for those.

Speaker 2 (53:17):
Okay, the how we are think lake? How we are?
You back down a bit on that is that, I mean,
how big an issue is nimbiaism? Wherever you go?

Speaker 15 (53:27):
Oh, look, all we're looking for lake Harware is an
increased operating range so that we can run the lake
a little bit lower and that allows the wanted to
be caught rather than still down the river around November December.
And it's an operating range that prior to the Resource
Management Act was well established and we're just seeking a

(53:48):
little bit more flexibility on that. Look, nimbiasm is always
going to be an issue. It's going to be an
issue for wind farms, and we just as a nation,
we just have to have that discussion. But at the
end of the day, it's an opportunity and a little
bit of more flexibility on our hyd risk scheme goes
a long way. Go back to that first question, your
start at to soloving the guest shortage. That flexibility is

(54:11):
so valuable to us as a country and we should
be grasping hold of the opportunity good stuff.

Speaker 2 (54:16):
Appreciate your inside as always. Mike Fushu's the chief executive
officer at Contact Energy. Think one of the keys there
was price is stabilizing. And that's the thing about price.
I mean, we're giving you the numbers on construction earlier
on this morning. Price is rarely I mean frint vegetables,
they do. But apart from that, price has rarely ever
come down. So what you're dealing with the best you
can hope for. It just doesn't keep going up.

Speaker 1 (54:36):
Fourteen to two The Vike Asking Breakfast Full Show podcast
on Iheard Radio powered by News Talks.

Speaker 2 (54:43):
It'd be Chris Bisham and the question about the funding
and the toll roads toll rids, you can't up but
you can upfront the cost. Obviously, in the country that
has the sort of debt problems we have, you can't
upfront at all because you're talking about teens of not
hundreds of billions of dollars and you're talking about years
and years and years down the track, and the cost

(55:04):
of that funding in the ensuing period would be ruinous. Now, yes,
you're right to say that the toll roads will eventually,
in some way, shape or form pay it off, but
not only it. Only you can only start tolling once
the road is open, and once the road is open,
you're tolling it a rate that will pay it off slowly,
So you can't upfront it. You're talking probably something like
a twenty year project if you're going to upfront the

(55:24):
whole lot. So that's why you can't do that. Mike
does the fact that Liam was doing promotional work. This
was Alex Powell and The Herald yesterday, which I thought
was quite a nice piece. He was guessing a bit,
but there is logic to the guests. So Liam, if
you missed it, was doing promotional work for Ford. What's
the connection to Ford Ford doing the engines as of
next year? Why would you put Ford no pun intended?

(55:45):
Why would you put forward a driver who is not
going to be there next year with one of your
major sponsors. I'd join a few dots on that. I mean,
Yuki wasn't doing it, was he? And you know why?
He wasn't doing it because he was hondering the great
question around Yuki. Is he a Honda driver or is
he a red bull driver? And if they see him
as a Honda driver, then he's going to be ending
up as the first drop at Aston Martin. Mike, what

(56:07):
an effing bullshitter? Call him out. We don't have enough
well priced power data centers. AI, wake the f up.
We're being had yet again. Now that goes back to
one of the earlier texts this morning about the attitude
of most New Zealanders and too many New Zealanders. And see,
I don't know what your cortersol's doing this morning, but
it's not good. I mean, it's too early in the

(56:28):
morning to be that exercised about a discussion, and that
inherently is what's wrong with New Zealand. That level of
angst and anger got a call down Buddy. Nine minutes
away from eight.

Speaker 3 (56:40):
The Mike Hosking Breakfast with Bailey's Real Estate News Talks.

Speaker 2 (56:44):
dB five away from eight. Job adds this morning, interesting
seek New Zealand employment report one percent increase in September.
That is now four consecutive monthly increases, which means it's
six percent up on a year earlier, six percent more jobs.
The momentum they're telling me is broad based. Almost every
industry is seeing an increase in demand. Construction good, they're up.

(57:04):
In fact, not only is construction and professional services that
is where the growth is. They're accelerating recently. What are
professional services? I mean is that hair dressing and things
like it? Nineteen percent up in the Manuwatu, so that'll
be a noisy month. I don't know, something random would
have happened there, a gym's mowing service would have opened
or something. I don't know. Nineteen percent up in Manuwatu,
that's an extraordinary number. Seventeen percent up in Auckland. Why

(57:28):
Katto at sixteen percent? So you'll take all of that
as usual. The South island's outperforming the North. Oh my god,
one roof yesterday. House for sale in Ashburton and that
was a big ask for k I said Katie, let's
go to Ashburton. Didn't go down well obviously, But there's
a house in Ashburton apps. It's got a name. I
can't remember the name. I think it starts with a
pea like Pembroke or something of all those old houses

(57:49):
are named Poser House post four hectares a beautiful flat
South Canterbury Land.

Speaker 13 (57:56):
Yeah, that's what.

Speaker 2 (57:57):
And just this snook room, like a whole room for
a snooker table, not not just oh where's the snooker
table game? But a whole room billiards room of course
what they used to call it. Wooden staircase, wooden paneling
on the walls. Oh my god.

Speaker 13 (58:13):
And sounds like a fire has it? Just as well
they're not worried about whether the things are earthquake proof
these days?

Speaker 2 (58:17):
Where was I Canterbury and Otago seventeen percent up on
the jobs.

Speaker 13 (58:22):
So professional services, it's more like your your legal advice.
Oh there were they calling your marketing, your consultants, your
project managers. It's intangible. Apparently you're professionals.

Speaker 2 (58:35):
No kidding, I'm in professionals.

Speaker 13 (58:38):
Yeah, what do you do? Oh, it's kind of intangible,
sort of like import export.

Speaker 2 (58:43):
It's a bit of that. By the way. The other
the random survey that I saw yesterday, we're going to
spend lessless Christmas? Do we say that every Christmas? Is
that part of the nation's misery at the moment where
the only country in the world goes, Oh, Christmas time,
I'm going to spend less. You're looking forward to Christmas?
No hate Christmas? What about Christmas? You're going to buy
some prisons presents. Hate prisons presents are awful. Ifing presents,

(59:04):
we're being had.

Speaker 13 (59:05):
You should hear Marcus talking about Halloween. He's not a
fan of that.

Speaker 2 (59:09):
Yeah, but that's different again, isn't it. That's just plastic bollocks.
I'm not him.

Speaker 13 (59:13):
That's exactly what he said.

Speaker 2 (59:14):
Exactly. I mean agent stage, I mean plastic bollock.

Speaker 20 (59:17):
He said it.

Speaker 13 (59:17):
He described it as the diabetes of the future.

Speaker 2 (59:19):
At one point, opiate to the masses. Yeah, actually I
can do late knights. Why can't you put me on
late nights? Anyway, let me come back to the numbers
on what we're not spending at Christmas time. Introduce you
to Ellen Tudic in just a couple of moments. He's
here this weekend for the big Armageddon thing, but he's
one of Disney's biggest operators.

Speaker 1 (59:37):
More shortly asking the questions others won't the mic, asking
breakfast with Bailey's real estate, finding the buyers.

Speaker 3 (59:45):
Others can't use Tog's head beat.

Speaker 2 (59:49):
Big body work over the last thirty years, twenty eight days,
a Night's Tale, Firefly, dot Fall, Death at the Funeral. Lately,
he's the star of Resident Alien, been part of the
Star Wars universe voice work. He's done pretty much every
Disney animation film going anyway. Elentudi's hitting here for the
armageddin Next Bow, which is this coming weekend, this long weekend.

(01:00:09):
It is with us from from Kenda from Vancouver. Elentutic morning,
good morning. Tell you what, Ellen. I got an insight
into how this works. A guy's running this armageddon right,
He says, you're the man. When people buying tickets at
the moment, they say, I got to meet Ellen. Ellen's
the greatest. I can't wait to meet Helen. What's the
magic here?

Speaker 19 (01:00:25):
What?

Speaker 2 (01:00:25):
What do you got going?

Speaker 14 (01:00:28):
You know, I've got answers. I've got answers to whatever
their questions are. You know, usually it's simple stuff.

Speaker 20 (01:00:36):
How do you do it? Well?

Speaker 14 (01:00:41):
If they're young, if they're kids. You know, I've done
a lot of voices for animation, and so I can
do the voices for them. And so for kids who
like King Candy, I can do King Candy for them
and they can see that it's coming out of this
weird person and not the little man that they're used
to in the and in the movies, or the Duke

(01:01:03):
of Wastleton or even the chicken.

Speaker 3 (01:01:05):
Hey hey, I do him.

Speaker 14 (01:01:08):
And those are always the best. When they're the kids.
You get to see it, the light in their eyes
as they recognize their friends from the movies.

Speaker 2 (01:01:17):
How many of these do you do? I mean, is
this a global thing. There's a group of you guys
who sort of, you know, wonder the world. And I'm
a gidding yourself, silly, Yes.

Speaker 3 (01:01:26):
I do a lot of them.

Speaker 14 (01:01:27):
I do about probably ten a year, which is plenty
is enough, because they really it's like you're hosting a
party for a bunch of people you've never met. They
come up and you say, hey, Hi, how are you.
I'm so glad you're here. I'm glad to meet you,
and then you have a quick conversation, and then there's

(01:01:48):
someone else right behind them, Hey, hi, nice to meet you.
I'm so glad you made it, and it just like
after a party, there's a certain it takes a little
bit to sort of see through all of your experiences
and figure out what just happened. So ten is Ten's
a lot.

Speaker 2 (01:02:06):
I'm thinking you've got to have like a natural disposition
in the sense that it's great to have achieved the
sort of success and fame you have, and it's nice
to be able to, you know, meet some of the
people who have helped you get there. But I also
know there's a lot of people inside a place like Hollywood.
You know, I really don't like the public or anyone
normal and they probably wouldn't be all that good at
a show like this.

Speaker 14 (01:02:26):
Yeah, it requires a certain interest in your audience. I
guess it's the best thing. Like it's the only formalized
way to meet your meet people who've seen your work,
and it's I would encourage those if they're you know,
if any one of those people are out there and
hearing this right now, you should do it because when

(01:02:49):
you're on stage, which is great, you can hear the
immediate feedback and you have an opportunity to look out
and see the people and it's a shared experience. But
with movies and television, it happened in everybody's own time.
So I've met people and they've told me about profound
experiences they've had with their family connections to characters or

(01:03:11):
projects that I was a part of and I would
never have known it had I not done these cons
and it it really it's not an easy business, and
it makes it all worthwhile.

Speaker 2 (01:03:24):
See. I don't know whether this is one of these
chicken or egg things, but I see, I look at you,
and I listened to you, and you seem to me
like a going who does voices. You know what I'm saying,
You know, like I just count work out what this is.
You got one of those expressive faces, and if I
meet you, I'd go, I reckon, you can probably do
some cool voices, and as it turns out, you can't.
How did all that stuff?

Speaker 14 (01:03:43):
I did a play in New York where I played
twenty characters in the play and since I had so
many to play, they all a lot of a lot
of times I would affect a voice for different people. Well,
my little woman who's very upset, and she came on
for one need it out because the boyfriend just left
her and her name was big Bone Judy. And then

(01:04:06):
I have to run and quickly changed my clothes. And
I was this guy from Chicago who worked at camera
and he had no thumbs because of a lath accident.
And also the sigh and you pull out an eye
and then it would just there was a French white hair.
So early on that was the first play I ever

(01:04:26):
did in New York. I was being asked to do
these kinds of things, and everything just sort of led
from there.

Speaker 2 (01:04:33):
Science or gift when it comes to voices.

Speaker 14 (01:04:36):
A little bit of both, a little bit of both,
because I went to drama school and they taught me
how to how sounds are made, you know, just phonetics,
the basic science of phonetics, where he the sound A
is a combination of eh and e, which does not
make sense, but if you break it down, you go

(01:04:56):
a A, it ends up happening. So you start to
pull sounds apart like that, and then it makes accents
easier and that's where you'll get the basic.

Speaker 3 (01:05:08):
Accent.

Speaker 14 (01:05:09):
But then you have to fill it with whatever character
is in there. So that becomes about some some talents and.

Speaker 2 (01:05:16):
Of thy individual skills, you know, in terms of accent.
You just did that Chicago one. So is that a
skill which is separate from the chicken, which is separate
to an impersonation of somebody? Yeah?

Speaker 14 (01:05:26):
Impersonations, I'm not great at uh. You know, sometimes you'll guild.

Speaker 2 (01:05:32):
You can do one.

Speaker 14 (01:05:33):
It just sort of happened upon you. You meet somebody
and you're like.

Speaker 3 (01:05:35):
Oh, I can do that voice.

Speaker 14 (01:05:38):
I did a play, I did Spam a lot with
and Mike Nichols was around, and you talked like this.
At that time in his life, he had this voice
and it was very it was a very distinct voice.
And I could go on the on the what they
call the god mic, and that went into all of
the dressing rooms and say hello everyone, it's Mike.

Speaker 2 (01:05:57):
I'll be here tonight and I'm going to.

Speaker 14 (01:05:59):
Be watching and I could, I could tell them whatever,
and they bought it. It was fun.

Speaker 16 (01:06:05):
It was great.

Speaker 14 (01:06:06):
So sometimes you can luck into an impression. But and
a chicken gosh, is that an impression? I don't know.

Speaker 3 (01:06:16):
That's just I don't know a lot of hope.

Speaker 2 (01:06:18):
Ellen, hold on the We'll come back in a moment,
dcre for Armageddon. Armageddon is this coming week in. Ellen
Tudic is with us thirteen past.

Speaker 1 (01:06:26):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio, cow
it by News Talks.

Speaker 2 (01:06:31):
It be News Talks. It'll be sixteen past Ellen Tudic
here for the Armageddon Show this coming weekend. UH so
the voice work particularly, I'm fascinated him because animation, creativity,
all of the evolution of this particular industry and how
that works. I mean, it is such a major deal
these days, isn't it.

Speaker 14 (01:06:48):
Well, oh, absolutely. It used to just be Disney. I mean,
well mostly Disney. You know, they were the they were
the big, the big kid on the block. You have
Disney and Pixar, which are Disney, but they are different people.
I always do Disney movies, Disney animation, and.

Speaker 3 (01:07:08):
I lucked out for me.

Speaker 14 (01:07:09):
My evolution in doing voiceovers was through Disney. I did
King Candy and they said, we love that. Can you
come do this movie we have called Frozen? And it
became the Duke of we Wastleton. Then after that they
did a big Hero six and there was this sort
of the he seemed like the evil guy of Alistair
Cray and he was just he was a businessman. And

(01:07:32):
then after that it was I think Zutopia and I
was a little weasel. So I've evolved. They just keep
asking me to do things and I have to come
up with a new voice, a new character, new voice.
But as far as how animation has progressed over the
last fifteen fifteen years really has been more studios, more

(01:07:57):
influence coming from around the globe. I don't know if
you saw Blue Eyed Samurai that was on Netflix over here,
it was fantastic and just different types of animation and and.

Speaker 3 (01:08:10):
So there's I love it.

Speaker 14 (01:08:11):
There's just more and more and more and more. It's
it's cheaper for people to make on certain levels. They
don't have to pay actors as much, so and there's
I think less risk. So people production companies are willing
to do a lot of animation, and so there's a
lot out there.

Speaker 2 (01:08:26):
You sort of answered it. But do they hire you
with a character, a voice, something specific in mind, or
do they go, look, you got a track record, so
you do with it what you will.

Speaker 14 (01:08:36):
It can be either one. If they trust me, if
they just have an inherent trust in me, they'll call
me and say we want to hire you to do
this role. And then I come in and we play
around and find find a voice, or I have just
gone in and.

Speaker 3 (01:08:58):
Yeah there was one.

Speaker 14 (01:09:01):
I got a weird request to be Tesla's voice. You
had to do the Tesla robot and I didn't sign
an nda, so I don't have to. I can still
say it, but they were like, would Alan come in
and so that would have been an audition. So that
would have been the first step of me saying yes,
I would be interested in this, and then my guess

(01:09:22):
is they would have paid me to come work with
them and try to find a voice. And then my
guess the next step would be them saying no, we
don't want you and then ripping me off.

Speaker 3 (01:09:31):
Anyway, that was how I saw it going.

Speaker 14 (01:09:34):
Uh, my guess is now they're just going to skip
that middle part, just rip me off as much as
they want. They can scrape my voice from eye robot
or whatever.

Speaker 2 (01:09:41):
Well, see hold on, hold on, hold on that. I mean,
that's question you got to ask in these interviews, isn't
the II question? And whether that bold as you war
as you you sick and guess that what do you think?

Speaker 14 (01:09:51):
I'm I'm an artist, and I guess I don't. I
have a lot of faith in artists and that we
can do things that AI can't. People who know AI say,
oh no, no, they'll be able to do it. So
I'll see my voice since I do so many different voices.

(01:10:11):
When people don't, people don't say we want an Allen
two to style voice like they would with Morgan Freeman.
You know, Morgan Freeman will have that problem because they
can just copy it and it's not I've heard some
of these AI voices and you know we've all heard
them now they're everywhere. They don't sound right yet, but
I'm sure they can get close enough for a commercial.

(01:10:36):
You know, something that doesn't require emotion. If it's just listen,
you should drive a Honda almost whatever. Ay, this is
Morgan Friedman, which I cannot do.

Speaker 3 (01:10:49):
I can't do it.

Speaker 2 (01:10:50):
This is what's it?

Speaker 7 (01:10:50):
All right?

Speaker 2 (01:10:51):
Listen, you have a good time in Vancouver there and
we'll look forward to seeing you in the country and
may becoming ceased when you hear all right, I look
forward to it. Vancouver this morning and here for this
weekend's arm again morning. Mike Allen was really funny in
A Night's Tale and as the private Guyan Dodgeball. Yes,
he've done a lot of good work. Eight twenty one,
The mic.

Speaker 1 (01:11:09):
Hosking Breakfast with a Veda Retirement Communities News togsa'd be back.

Speaker 2 (01:11:14):
In nineteen forty seven, Defender built something different. Defender built
a vehicle that wasn't about luxury. It was also about possibility.
So this was a machine that could go where the
others stopped. That's the Defender, seven decades on, still owns
the space and we love it here in New Zealand.
Of course, you know what we're talking about. We're talking
about those gravel roads in the beaches, a little bit
of snow, maybe we can run to the batchel of
that sort of thing. Most vehicles struggle, a defender doesn't.

(01:11:37):
It thrives on them. A remote terrain, harsh conditions, become
the playground, tackles the journeys most people wouldn't even try today.
It's smarter as well, smarter than ever. In fact, it's
got the terrain response that's brilliant, that adjusts everything basically
for you. Safety tech keeps you sort of hybrid efficiency
these days, so you get that capability without the compromise.
And here's the kicker. A defender isn't just about the muscle.
It's about purpose because all over the world and you'll

(01:11:59):
see the Defender of it backs conservation projects and sport
and communities. It stands for something bigger. So this isn't
just a vehicle. It's heritage, it's prestige, it's belonging to
something bigger than yourself. That's the defender. And if you
want to get an eye full of a defender and
get behind the wheel of one, visit your local defender
retailer today. Hosking A twenty five. So back to the

(01:12:22):
Christmas So, first of all, we allegedly are going to
be shopping early, which makes sense. First of all, we're
planning to spend less, which isn't true. We feel the
pressure about the holiday expenses. I think that is true, although.

Speaker 13 (01:12:34):
I think you can plan to spend less and then
fail at.

Speaker 2 (01:12:37):
That one hundred percent. That's exactly what I'm saying. We
all plan to spend less. We all, we're all looking
to go for a bargain and all that sort of stuff,
and then we go, oh, what the hell, and some
of us are disorganized and then spend more than we
thought we were. So anyway, sixty four percent of us
are going to go in early September now through November.
So that makes sense a little over half of us
because we want to spread the costs over time, which
also makes sense. Forty eight percent of us want the

(01:12:58):
discounts on This is my tip for life. If there
is no reason in life, with a few exceptions, there
is no reason in life to pay full price for
literally anything. There is literally no reason. There's competition all
over the place. Unless you're wedded to a particular product
or a particular brand, or you've got some sort of
weird fascination with something truly unique, you should never pay

(01:13:22):
full price for anything. Everything is a negotiation. So if
you pay full price for anything, you're mad. So forty
eight percent of us want to bargain. Fifty eight percent
we're going to buy experiences such as travel or passion classes.

Speaker 13 (01:13:36):
Passion classes.

Speaker 2 (01:13:37):
Yeah, I'm already pretty good at passion.

Speaker 13 (01:13:40):
I was just going to say I need to class now.

Speaker 2 (01:13:43):
I don't know. I don't know. I don't some people
need a class on that.

Speaker 13 (01:13:46):
Yeah, I've got no idea. I don't think I've ever
done it.

Speaker 2 (01:13:48):
Forty percent are going to be big on Black Friday
Cyber Monday, aren't we all? Seventy four percent we planned
to buy self care products. What's that mean? Thirty nine
percent looking to purchase well items. I think they're just buzzwords.
Someone rang somebody up moment. What I wellness that I'm
into that? Clothing and shoes? Fifty one percent, Interior day
Core thirty four percent. That's just nick and nack and

(01:14:10):
brick and break, minimalize, save yourself some money and some time.
Minimalize toys thirty four percent.

Speaker 13 (01:14:16):
I mean the problem with buying something now, though, is
that then you've got to stash it somewhere, and then
you've forgotten that you've bought it correct and then you
go out and buy something else for that same person,
and then you realize you've got two things to that
person and only one for somebody else.

Speaker 2 (01:14:28):
See how the festive season goes to hell just like that,
similar as that use for you. In a couple of moments.
Then we will cross to the other side of the
world in the UK, and the Mighty Rod little as worse.
You're a newstalk Ze'd.

Speaker 1 (01:14:38):
Be opinionative, informed, unapologetic, the Mic Hosking, Breakfast with a Vita,
Retirement Communities, Life your Way, News Talks Dead be Mike.

Speaker 2 (01:14:49):
If you're buying at a discount from brand stores that
regularly discount, you're actually paying full price. The discount is
factored into the price. You're actually just paying what the
product is worth. Warren, I think I was born yesterday.
I've seen that game coming a long time ago. Twenty
three minutes away from.

Speaker 18 (01:15:06):
Nine International correspondence with ends Inn Eye Insurance, peace of
mind for New Zealand.

Speaker 5 (01:15:11):
Business for the UK on little morning to you mate, Oh,
good morning, Mike.

Speaker 2 (01:15:16):
Right, Prince Andrew. It's it's difficult to know where to
start and whether it gets any worse. I suppose that's
the most obvious question. I mean, it's bad enough, but
ken it's given the book is just being published as
we speak, can it potentially get worse than what it
already is?

Speaker 5 (01:15:32):
I think it's kind of inevitable that it will. I mean,
we're going to hear more and more accusations from the
late beyond the Grave, from the late Virginia Geffrey Jeffrey,
and there are going to be more and more demands
for Prince Andrew to go to the United States to

(01:15:53):
face the music. It's going to get very difficult for him.
He's also being investigated now by the Metropolitan Police for
having tried to get his Royal Protection officers to investigate
over to the Jeffrey herself. So none of it looks good.

(01:16:14):
The big question for the British monarchy is whether he
could be sufficiently detached from the monarchy for it not
to rebound on them. I think any hopes of rehabil
rehabilitation are long gone. The hope now, he said, he
can be set a drift even further than Prince Harry

(01:16:35):
and King Charles and Prince William will get on with
what there was their job of trying to be a monarchy.

Speaker 2 (01:16:43):
The well, first of all, you can't pick your family,
so I think there's something in that. But equally, there
was a suggestion in one of the tabloids the other
day that the payoff that he made to do Fae
to keep her quiet for a period of time was
essentially about the jubilee, so the Queen's jubilee wouldn't get
ruined its truth in that? Do you think.

Speaker 5 (01:17:03):
My guess is that he did it for his own purposes.
I suspect anybody else came a long way down the
list of considerations. He doesn't seem to have considered other
members of the royal family in any of his dealings,
And he was still even by the end of last
week insisting to the King that you know, I don't
quite say I'm being picked on. You know, these are staticizations.

(01:17:27):
He will not accept that he's done anything wrong. And
yet we find that he was a friend of Jeffrey
Epstein long after he did that interview with Emilynchless when
he said that all contact had been cut off. It's
remarkable stuff and more will come out. And of course,
you know it's been a terrible twenty five years for

(01:17:49):
the royal family. You know, you've got Prince Harry and
Meghan for firing shots from one quarter, though they've been
quieter of late, and you know, continual problems with Prince
Andrew on the other and then health issues plaguing both
the King and the Princess of Wales.

Speaker 2 (01:18:14):
Where does Sarah Ferguson fit into the all of that,
because I mean her later to Wipstein was disgraceful. She
clearly she, at least superficially, she looks as bad as
Andrew does.

Speaker 5 (01:18:24):
Oh I think, yes, as bad as not worse. I mean,
they're both sick and they're both grasping. That's the problem.
You know, it is a problem because they can't see
where this grasping will get them in the eyes of
the public. It leaves her without a title, without any
support from the state. It remains to be seen if

(01:18:49):
Andrew will continue to live in the Great Lot at
Windsor Park, with seven bedrooms and gardens cottages. There was
at least drawn up for him to stay there, but
that was dedicated upon him being a reasonably useful member
of the royal family, which of course he is not.
I mean, he's still a member of the royal family
by birth, but he is not useful by any stretch

(01:19:11):
of the imagination. And there is there is some public
disquiet that he's still allowed to live there.

Speaker 2 (01:19:16):
Well, there's that, and so what's the what's the bigger
punishment here? I mean, the argument is and I think
one of the phrase family said, look, you know, whip
the prince away, take the prince title of him as well.
Is that the big deal for many people?

Speaker 10 (01:19:29):
Or is it?

Speaker 2 (01:19:29):
Does he need to get to America as you first
alluded to, and maybe face up to a few of
the questions who want a word?

Speaker 5 (01:19:36):
So I think it's I think it's getting to America
and facing some of those accusations. The Americans do not
understand that he cannot disinherit prince any more than I
could disinherit little.

Speaker 3 (01:19:49):
He just is.

Speaker 5 (01:19:51):
And that's and you know, We've had bad princes before,
quite a few of them during our you know, the
Southern year history of monarchy. But he can't give that up.
The greatest punishment would be to cut off his money.
You know, I still find it hard to understand how

(01:20:13):
he can afford, even without paying a vast rent, how
he could afford to run windsor grade Lodge matsive House.

Speaker 2 (01:20:23):
Yes, exactly. The penguin biscuit I know not of, but
have looked them up. They seem to be associated with
the tim Tam Slam, which I'm not sure how that
works out, but the penguin biscuit apparently has Are they popular?
Does everyone have a penguin biscuit in the biscuit Tinnadheim.

Speaker 5 (01:20:39):
Yeah, it was very popular and a lot of your
listeners who are expats will remember them. They're one of
the most popular tea time chop of biscuits. But it's
not with a catchlight, a penguin, et cetera. But it's
not just penguin. It's now kind of all of our
sown you know how much Brits like that. It's now

(01:21:01):
all of our chocolate biscuits are no longer chocolate. They
are air zats. They are palm oil and various other concoctions.
And this is all because of the price of cocoa
beans and cocoa butter. But none of these biscuits are
allowed them allowed to be called chocolate anymore because they

(01:21:24):
simply aren't. It's all a little bit sad, no, not
that at Prince Andrew's scale, but.

Speaker 2 (01:21:32):
Not as bad as Prince Andrew. But nice to say
you might. We'll catch up on Thursday. Rod little out
of the UK. By the way, the Chinese mega embassy decision,
which Rod alluded to a couple of weeks ago, they
delayed it and they've delayed again, and the Chinese are
getting increasingly perturbed, not surprisingly so, but of course they're
deeply worried about the Chinese and what they're putting in
the building and how it's all going to work. But

(01:21:53):
due to the rule on the application, or due to
rule on the application by the twenty first of October,
which you will notice about now, but that has been
pushed back until the tenth of December. I also know
in Britain overnight pizzare hard at closing down. They're franchised out.
There's a company called DC London Pie Limited that run
them these days, but the consulting administrators have come in,
so sixty eight restaurants, eleven delivery sites, twelve hundred jobs

(01:22:15):
are gone. I note also that hard Grooves lands down
UKs because retail investment platform have decided that bitcoin is
not an asset class, So make of that what you will.

Speaker 1 (01:22:25):
Sixteen too, The High Asking Breakfast Full Show podcast on
iHeartRadio powered by News Talks A B.

Speaker 2 (01:22:33):
Twelve away from Nanea. I'm very pleased about the IRD.
The IRD has got some money, they've got some computers,
they've got some technology, and they seem to be chasing
people down who don't pay their tax, and I'm all
for that. And so yesterday's deal was they spent a
buck and they got eleven dollars eighty one back. So
I'm right into that because the unpaid tax in this
country is at ten billion dollars, which if you think
about it, if you collected all the tax that was

(01:22:54):
actually owed, that would be our payment for the servicing
of the debt each year. But what I'm also interested
in and pleased about is the Consumer Council, the Insurance
and Financial Services onwardsmen in fact, who's declined. This couple
who claimed thirty one thousand dollars were stolen from their car.
It was stuff from their trip. So they come back.

(01:23:15):
Because while I'm into is, I'm not into stupidity. And
if they had cleared this, I would have been ropeable.
So couple comes back from a trip and they got
a whole bunch of shopping designer clothes and jewelry. So
the bloke drops his wife at work and then he
goes home leaves the bags in the car overnight. Why
because he's lazy. I mean, there's no way in the
world that you come back from your holiday and you'll

(01:23:36):
leave your bags in the car overnight. Why on earth
would you do that. So anyway, car was broken into
and there was thirty one thousand dollars worth of stuff stolen,
so they claim it not insurance. Insurance turns it down.

Speaker 20 (01:23:45):
Good.

Speaker 2 (01:23:46):
Leaving items overnight in the car was a failure to
take reasonable care. I would have thought that was obvious.
The couple had had shoes stolen previously from other vehicles,
so they're just plain useless. Case manager noted the woman
had expressly told her husband to take the items inside.

(01:24:08):
Failure to follow instruction of the missus. That's your number
one crime. A pair of designer sunglasses was left visible
between the front seats, So this dufus doesn't listen to
his wife is clearly lazy because he gets home and
he can't be bother dragging the suitcases in. Has got
form in the form of the shoes who have been
nicked before, leaves the glasses in between the seats ready

(01:24:32):
and raring to go, goes inside, forgets it all and
then wakes up the next morning to see it all gone,
and has the gall to go along to the insurance
company and claim for thirty one thousand dollars. So good, good, good,
good good, because you know what happens to those people
have got away with it. We're all paying for it,
and all that happens is EU premium goes up and
we've got enough to pay for it at the moment.
With those sort of that, he gets ten away from nine.

Speaker 1 (01:24:55):
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(01:26:28):
it one of those things because they're quite expensive and
I'm having a lot of trouble at home getting any
expensiture pass the chief accountant.

Speaker 13 (01:26:37):
Anyway, we've already established she's stronger.

Speaker 2 (01:26:40):
Than you, very much so in so many different ways. Glenn.
Is a race simulator one of those things that once
you've bought it, you like, have the best time of
your life for about three and a half weeks and
then you're going but boring now. Is one of those
things I wouldn't we But.

Speaker 13 (01:26:57):
The advantage is that you can do all different kinds
of race thought it. You know, like one week you
can be Formula one racing, then you can be rallying.

Speaker 2 (01:27:05):
You sound like you've got one.

Speaker 13 (01:27:07):
No, I saw some people using one.

Speaker 2 (01:27:09):
The other night, and what do you think? Do you think, man,
that's cool.

Speaker 13 (01:27:13):
I thought I would never do that in public. That's
what I thought.

Speaker 2 (01:27:16):
Okay, five minutes away from.

Speaker 1 (01:27:18):
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Speaker 2 (01:27:23):
Savings, aws out a jobahnight. Have you even't caught up
on this? This morning, Amazon are claiming that everything effectively
is back online. Conspiracy is the course of flying because
we all know it was the Chinese. Actually I don't
know it was the Chinese. I think it could have
been the Russians. Could have been the Chinese and the Russians.
And the reason they would have done that is so
you were going to fleck some bitcoin. A lot of

(01:27:45):
crypto interference they are going on over night. That's obviously
what it was all about, isn't it. Or you got
this guy who says, basically, it's the beginning of the end.

Speaker 22 (01:27:55):
Imagine, imagine when this happens to all show driving cars
and they all run into brick walls and the pedal
is pressed down by the AI at one hundred and
twenty miles per hour drives you off a freaking cliff.
Like again, they're creating this environment of fear and disruption
and cyber attacks remember when they told you this in

(01:28:16):
twenty twenty, right, cyber warfare infecting the world, which is
exactly what that event was, because it's all AI alien invasion,
artificial intelligence chat gpt ETCAT deep fakes now which are
going mainstream, and I can't ague Yeah.

Speaker 2 (01:28:35):
I was going to say, I think he's going to
point yeah.

Speaker 13 (01:28:38):
I noticed that China were accusing over the weekend the
US of breaking into one of their heavily protected outfits
called the China Time Service Center, which basically keeps time
for all their infrastructure.

Speaker 2 (01:28:53):
Wouldn't surprise me, and.

Speaker 13 (01:28:54):
They reckon that the NSA were trying to get into that. Yep,
so no wonder they've hit back.

Speaker 2 (01:29:00):
Wouldn't rule it out. But that that computer driving your pedal,
I dream about that. That's that's already in my head.

Speaker 13 (01:29:10):
So don't do you reckon? That might have been what
happened on the racecourse that day.

Speaker 2 (01:29:15):
The mighty Alfa Romeo four C threw the kitty litter
into the wall. What could possibly go wrong? Back tomorrow morning.
There's always happy days

Speaker 1 (01:29:26):
For more from the mic Asking Breakfast, listen live to
news talks that'd be from six am weekdays, or follow
the podcast on iHeartRadio,