Full Show Podcast: 22 July 2026

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Tough on power, sharp on insight, the my casking breakfast
with Bailey's real estate, your local experts with national and
global reads used togs Head be.

Speaker 2 (00:09):
Body, Welcome today, Finance Minister on the four point one
in Golden Bay. More kids are asking for special assistance
in the NCEEA exams. Got some exciting numbers around the
mineral and avocado story in this country. Tiv and said
boss runs us through some World Cup streaming numbers. Mark
and Ginny Poney up in politics Wednesday. Richard and Steve
are our two overseas. We're our stale Hosking. Welcome to

(00:30):
the day, seven past six. So the critical question remains,
I think on Golden base cement, why did we write
a check? So here is what most of us seem
to accept or agree on. Right, Golden is the only
player likely produced product used in an important and wide
variety of major work we need to be doing. Also,
we seem to have moved away to a degree from
our import if we can't make it mentality Marsden point

(00:54):
being a good recent example. We can't make everything, but
stuff we do make should be supported or protected if
it's going to leave us increasingly exposed. That seems to
be what we're agreed on. So far, so good. But
the problem between making it and importing it, once you
put aside supply chains, is price, and the price is affected,
of course, in this case, by the ETS. So the
critical question surely why not carve out cement from the ETS?

(01:17):
What is so fantastically important about the ETS that we
can't bespoke it to meet our needs? Why can a
farmer quite rightly have a unique set of rules on
emissions and no one else can. Why is the ETS
so inflexible that, in an ever evolving and dramatically so world,
we are not able to respond to new rules, the
new problems, and the new issues of the day. It

(01:38):
all has to do with precedent. So the sixty million
sets a precedent, right arguably a poor one, and changing
the ETS would set a precedent. But would that precedent
be worse than the money precedent? I say no, because
the ETS is a malieable you could argue, entirely invented,
one driven by an ideology that may or may not
actually lead us to achieving anything. We don't have any sadly,

(02:01):
but we do have should have the ability to amend
an environmental obligation based on national interest. Oh and also jobs,
jobs and national interest should trump climate all day long?
Being broke and jobless in one degree less heat, isn't
it deal? Most of us would be that interested in.
So just why was it or what was it about

(02:22):
the ets that saw a center right government allow climate
to trump a bailout.

Speaker 1 (02:29):
News of the world in ninety seconds.

Speaker 2 (02:32):
Right, Let's start with Big Andy's first cabinet meeting.

Speaker 3 (02:34):
We need to everyday think well, what can we do
just to take that little bit of pressure off people's shoulders,
just to give them that little extra sense that help
has come in so they can have that bit.

Speaker 2 (02:49):
Bit of holep is newly mented. Defenseman Streeting has said
one defense spending will rise more quickly now and he's
running things. Oh and we don't like those Russians conducting
live fire exercises in the Channel.

Speaker 4 (03:00):
Should be in no doubt about the resolve of this
government and this Prime minister. Our resolved to stand against
Russian aggression in Ukraine, but also Russian aggression against all
of our allies.

Speaker 2 (03:15):
Meantime, in another meetings, one at the White House and
using yellow chairs, Donald was hosting the bloke from Lebanon
who was hoping the whole get Israel out of my
country thing will work. His host was more interested in
all that Canadian smoke.

Speaker 5 (03:31):
The wind had a tendency to blow right over New
York City, right over you certain Detroit that had closed
the whole place. It's very serious what they're doing, and
they don't seem to be able to do anything about it.
If they manage their firest they wouldn't.

Speaker 4 (03:44):
Have the fire.

Speaker 2 (03:45):
Karnie, who was on the receiving end of Translator's terrot spray.
Of course, fifty percent in counting suggested more trade talks,
but not every Canadian cheers is enthusiasm.

Speaker 1 (03:53):
Some of the initial reaction in Canada, especially from the
leaders of various provinces across the country.

Speaker 6 (03:58):
They've been giving counsel to the Prime Minister. Well, I
think they'll be meeting with today to say better no
deal than a bad deal.

Speaker 2 (04:06):
There is, of course, the other matter of Iran, so
Donald rolled out Pete to toss a bit of red
meat about the player.

Speaker 6 (04:10):
Runts have been given every opportunity to negotiate, to show
that they're reasonable on the straight of four moves. But
if they're going to shoot at commercial shipping. Then we're
going to hit them, as the President said ten times horrible.

Speaker 2 (04:21):
That is news of the world and it's wars in
ninety five point bounce. First poll out for Burnham five
point bounce, so they might be a Burnham bounce after all.
The latest on the wall. By the way, there is
increasing talk of a ten day. Six sixty day didn't work,
so they're now looking at a ten day cease fire.
Will keep you post at eleven past six.

Speaker 1 (04:40):
The Mic Asking Breakfast Full Show podcast on iHeartRadio Power
by News Talks.

Speaker 6 (04:46):
It'd be.

Speaker 2 (04:49):
Just an update on yesterday. Mandami yesterday was busy getting
his legal department to have a look at the possibility
of arresting it in Yahoo when he turns up at
the UN later on this year, Trump's overruled him, said
don't worry about he's not getting I mean close to
being arrested. And Jameson Grier, who is the trade guy
from America, so they say, depending on which report you're
reading this morning, tarriffs are coming and they're likely coming

(05:10):
for us. One report I read said up to twelve countries,
which may not mean us. But then the other report
I read said sixty countries, which will almost certainly mean US.
He says sometime this week fifteen past I'm sure and
partners Andrew callaher.

Speaker 6 (05:27):
Good morning, Yeah, very good morning, Mike.

Speaker 2 (05:29):
The good news returns to dairy.

Speaker 6 (05:31):
It sure does a wee sigh of relief, I think
for the old dairy farmers out there. So global dairy
trade auction overnight context areas that we've seen a series
of weak auctions that's seen the prices of the so
sort of the key commodities fall, So you've had negative
price actions since March generally, but really it's the important

(05:52):
sort of commodity sort we're looking at skim milt, powders,
the key here that had seen a very strong rally
and had helped lift the overall indexes December. It's come
off the boil though, eight auctions since March with really
only two positive auctions, and as a result of that,
Vonterra had reduced the forecast farm gave milk price of
midpoint of nine dollars twenty five, but at the moment

(06:13):
that's only sort of a modest reduction. Good news overnight though,
in that the Global Dairy Trade Price INITX has risen
one and a half percent, so the negative outcomes have
stopped in the key commodities. Look quite a range of
outcomes across the various categories, but skim milk powder up
two point eight percent, whole milk powder up one point
six percent. Then you had a bunch of other mozzarella

(06:33):
at one point three, cheddar was down six and a
half percent, then anhydrous and milk fat was at one
point one. What sort of quite sobering, Mike, is sort
of various estimates we've heard over over what recently over
what the break even prices for the average dairy farm
on that farm day? Yeah, and it seems to be
the eights. Well, if you're at nine dollars twenty five

(06:54):
now the midpoint, we really don't want to see that
forecast price come down any low, really do we? So
good news overnight, though it looks like the momentum, that
negative momentum has at the moment stalled and hopefully plateaued.

Speaker 2 (07:05):
What do you make of the four point one, Oh.

Speaker 6 (07:07):
There we go a big exciting day inflation day. Yeah,
four point one looked pretty good outcome, really so annual
inflation four point one the June twenty sixth quarter was
one point five. Now the previous in March the annual
numbers three point one, So it seems quite a bit higher,
but not as bad as had been feared. Remember when
we were talking high falls. You know, four point nine
that's a little bit higher than estimates. Look, if we

(07:31):
break it down into the non tradable, the domestic stuff,
and the tradeable the imported stuff, tradable inflation four point
nine percent, non tradable three point four percent. So the
four point nine percent left you're seeing in then that's
the fuel effect. The petrel and diesel, the culprits. They
are no real surprises. Petrol the biggest contributor on an

(07:52):
annual basis up twenty seven and half percent, so that
added about a quarter of the four point one percent.
And you know that increase that we saw, court of
that came from petrol. Look, diesel was up a lot more,
seventy one percent, but we don't use as much petrol
as diesel doesn't factor in quite as much if you
take the petrol out of it. Mike, here's interesting numbers.
Inflation would have been two point nine percent, but for
the quarter it would have been zero point five percent,

(08:15):
so if you annualize that, you get two, so you
know it, so actually sort of puts it into context
a little bit. There was some other things going on though, electricity,
so these are the culprits we've been talking about for
a long time. Electricity up twelve percent, local authority rates
up eight point eight percent. But here's the interesting one
because struction of new housing was up two point seven percent.
That's probably the surprise item of the release yesterday. We

(08:38):
really haven't seen much in the way of inflation in
the housing category, but it looks like the impact of
high fuel prices has been passed through quite quickly into
things like building costs. You know, trade is basically charging
you for their travel time and their travel costs. So
that's the largest rise we've seeing that category since December
twenty two. Now, in the afternoon, yes theay Mike, the

(08:59):
RBA said released their models. So they have a thing
called the factor model, the sexual factor model. These are
looking at core inflation. They've come at three point one
two point seven, so much lower their headline CPI, but
still higher than the target steady. So core inflation, which
is really what the bank worries about, much lower than

(09:20):
the headline stats on the day wholesale rates and the
wholesale market had a small fall, so the market certainly
wasn't freaked out about it. But the key issue here, Mike.
Even though core inflation you know, is, you know, is
a lot lower than what we're seeing at the headline,
it's still too high from the ARB and Z point

(09:41):
of view. They've very clearly articulated that that high headline
number effects inflation expectations and potentially puts pressure on core inflation.

Speaker 2 (09:50):
So what do you say to September and December?

Speaker 6 (09:53):
Yeah, I think they will. I just can't see enough
and yesterday's numbers to sway the RB and Z from
their stated objective of normalized month. Bossis, so I think
you probably get another another couple before Christmas.

Speaker 2 (10:03):
Speaking of the numbers, lay them on me.

Speaker 6 (10:05):
Yeah, sure. Well, actually looking slightly better despite the fact
that oil has gone up more overnight. The dal Jones
is up point sixty nine percent three hundred and sixty
points fifty two thousand, one hundred and ninety nine, the
S and P five hundreds up point nine percent sixty
six points seventy five oh nine, and the Nasdaq up
a one point three five percent as we look at
it twenty five thousand, what are we looking at eight

(10:27):
hundred and fifty four now? The fortsy one hundred gains
sixty one points overnight point five eight percent ten thousand,
five hundred and eighty five. The nick bounced back three
point two six percent sixty six thousand, two hundred and
thirty two. The Shangho composite also bounced back one point
seven nine percent three eight sixty four. The Aussie is
only up two points yesterday. Pairly quiet day eight seven

(10:48):
nine three. We lost forty points point two nine percent
on the NZX fifty thirteen thousand, six hundred and fifty
six one ky We dollar relatively stable through yesterday point
five eight three two against the US, spent eight three
to two four ossie point five one one three against
the Euro, point four to three to five seven against
the quid ninety five point Japanese yend gold trading at

(11:09):
four thousand and sixty seven dollars, and unfortunately Brent crude
through the ninety dollar mark ninety one dollars and five cents.
That is the problem.

Speaker 2 (11:17):
It is not good news. All right, have a good one.
We'll see you tomorrow Andrew Keller, who's sure and partners
get good news from GM. They raise their earnings forecasts
in various areas. Momentum is palpable, their words not mine
more than forty percent competed to a year ago. That's
their share price. Consumer demand is quote resilient. Revenue at
forty eight billion, revise their guidance all over the place upwards.

(11:39):
The only thing they're losing money on is guess what evs.
But the money they're losing on EV's is not as
much money as they were losing on EV's previously, So
the amount of money they're losing is getting better, if
that makes sense. Six twenty one Here News Talks.

Speaker 1 (11:53):
EB the Vike Hosking Breakfast Full Show podcast on iHeartRadio.
News Talks at be.

Speaker 2 (12:02):
Fox poll out this morning. Net approval rating for Trump
has dropped thirteen points to minus thirty seven. So he's
so far underwater now it doesn't really matter as far
as the Strait's concerned. A lot of growing concern in
the Republican Party that he's torturing the midterms. Of course,
Strada hums is interesting. So the Lloyd's List fifty three
vessel transits week through July twenty which is down sixty
six percent. But you'll note it's not down one hundred percent.

(12:24):
So in other words, they say has closed, it isn't.
The Kepler data has got daily crossings averaging more than
twenty vessels falling to sixteen. Traffic remained their words, subdued.
Traffic has not disappeared. Every single person has a different
risk appetite. We're still seeing tankers crossing in and out.

(12:44):
I just wonder if there's a little bit of new
normal to that. So what was isn't what is now?
If that makes sense. Sex twenty five.

Speaker 1 (12:53):
Trending now with chemist Well's keeping Kiwi's healthy all year out.

Speaker 2 (12:58):
Sir Robbie Williams was part of the World Cup Final.
Of course, he was singing ahead of the World Cup
Final did an interview post show with a streaming platform
called Magenta TV. Anyway, during that interview, something white fell
out or fell onto the bright pink microphone and he
went and wiped it off. Now, of course the internet
immediately saw that as cocaine, and so Robbie's had to

(13:18):
go on insta. Well he doesn't have to, but he does.
With the caption waking up feeling mint.

Speaker 7 (13:26):
Just like to apologize for the object that feil onto
the microphone yesterday. I was deeply unprofessional and people worried
about me. But it's okay because I had several more.

Speaker 2 (13:47):
So, if you haven't seen the video, and honestly you
don't need to because you've got better things to do
with your life. He's lying in bed sort of sucking
on it's a mint, So no need to panic minerals.
We're exploring more of them. The mineral story seems to
be working. So the numbers have gone from one point
four to two point five billion. Our target is three billion.
This is the Jones country. Gold's up seventeen percent. All

(14:10):
of this is good, so we'll have a look at
the prospects for our mineral industry. Also, avocados have got
some new data on that for you this morning. We'll
lose it. We're going backwards and you think, well, there's
this bad Well not necessarily. So we're losing to Australia.
We're losing overall, but we've discovered new markets. They're Asian
and the new markets are going gangbusters. So we'll get
you through some of those numbers as well. Speaking of numbers,
TVNZ released they're streaming. It's streaming is a funny thing.

(14:34):
And so if you look, for example, I mean, how
many people were watching the World Cup final as an
actively engaged in the World Cup Final. In other words,
you could say I watched the World Cup Final. That number,
of course, is completely different from the sort of oh,
few people passed a television and looked at it for
three and a half seconds, so the number was nineteen million.
It's that sort of thing. Anyway, we'll crunch a few
numbers with the head of TV and set after seven

(14:56):
thirty this morning meantime use as Next Yerrand News Tour.

Speaker 1 (15:02):
Opinion, Edd Informed, Unapologetic, The Mic Hosking Breakfast with A, Veda, Retirement, Communities,
Life Your Way News, togs dB.

Speaker 2 (15:11):
JAN It has got the headlines because of the smoke
and the tariffs and all that sort of stuff. And
it's fifty percent, but we're standing by Apparently we're on
ten percent currently re tariffs and it could go, should go.
Maybe we'll go to twelve and a half percent. So
we'll get the update with Richard Arnold back here in
twenty three to seven update on the country's mineral strategy
looks good. Exports have increased from one point four to
six billion. There was in twenty twenty three to run

(15:33):
two and a half billion last year. The goals three
billion by twenty thirty five, so that looks very realistic.
I would have thought gold's up seventeen percent all by itself.
Jose Bedale is the CEO of our Minerals Council and
is with us Josie morning.

Speaker 8 (15:44):
Good morning.

Speaker 2 (15:45):
Are we tracking consistently? Is this good news?

Speaker 8 (15:49):
This is good news. And I've been saying for some time.
Let mining is a highly productive, highly paid sector of
our economy and it's bought, pays lots of taxes and
royalties for the government and contributes to regional communities where
the minds are. So it's great to see the government
getting behind these positive outcomes for New Zealand. It's good
to have some good news stories.

Speaker 2 (16:08):
Occasionally, I reckon that's the getting it versus the selling
it equation at the moment, can you get it to
sell it or could you get more if you were
allowed to.

Speaker 8 (16:20):
We could get more if we were allowed to. And
it is a pity that there's so much attention given
to the allowed minority who's spread a lot of misinformation
about mining, including some politicians. You don't seem to understand
what's good for the economy. But the world wants minerals.
We have some. Let's mine what we can responsibly. It's
a win win. More people earning money means more money
in the economy. And I think, as you said earlier,

(16:42):
we can't rely on everyone else for everything. If we
can do it here, we should. And you know, we
just think that this is a positive part of the
economy at a time that not all parts of the
economy are performing well. We've had an increase of employment,
increase in gold production, some new permit applications, There's a
lot of interest internationally, particularly in critical minerals. So you know,

(17:07):
this is a good news story.

Speaker 2 (17:09):
Yeah, everyone talks about gold. What else do we export?

Speaker 9 (17:13):
Coal?

Speaker 8 (17:14):
We export quite a lot of coal, and it's used
in the steel making countries. It remains the best option
for high heat production of steel, and so that is
and we have a little bit of critical minerals that
have been going out to China, but not in the

(17:35):
scale that we need to see our critical minerals.

Speaker 2 (17:39):
When you say gold and the prospecting of when it
was five thousand an ounce. Did everyone go nuts in
at four thousand and falling? It's tailed off or not really?

Speaker 8 (17:49):
So four thousand is still a really high price for gold.
When I started in this job four years ago, it
was under two thousand dollars an ounce, so it is
still at a very high price. We have quite an
unstable world and so there's demand for gold. Is that
kind of steadying economy and gold production is at for

(18:11):
about seventeen percent on last year, so we're producing more
as well.

Speaker 2 (18:19):
Give us a word, Josie, give us a word for
the industry at the moment. What's your vibe? Is it bullish? Robust, gangbusters?

Speaker 8 (18:27):
Optimistic? We remain optimistic because there are still hurdles and
you know, there's a lot of change in the regulatory
reform that is absolutely needed. We would want to see
the changes to the conservation am in the next go through.
There's things that make it hard to do any kind
of productive business in New Zealand, so it's farmers us.

(18:50):
Anyone who's producing anything from the land struggles considerably with
red tape. So it is good to have the strategy,
the critical mineralsalist and a minister that is Polish in
trying to get the mining industry up and running better
than it has been.

Speaker 2 (19:09):
Good stuff. Nice to catch up. Preciate it very much,
as she refers, of course to Kneepads Jones Joseph Viddell,
who is the CEO of the New Zealand Minerals Council.
Nineteen to seven.

Speaker 1 (19:19):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks Eppie.

Speaker 2 (19:26):
Now, if you're looking for the smartest way to BOOSTI
homes value in the static old housing market at the moment,
then we've got some good news. You do it Kitchens.
So they're celebrating fifty years, which is a great story
in and of itself. And the reason they've been around
for half a century is they help homeowners basically create
superior quality kitchens at incredibly affordable prices. See, no one
can match what you do. It does. Basically they're offering quality,

(19:47):
customization and fast delivery. They've got super easy tools. They
allow you to customize cabinet sciences. There's no extra cost
for that. By the way, you can choose from over
thirty five color options. Then once you've locked in that
design that you do it precision manufacture that kitchen right
here in the country, and they do it in only
seven days. For goodness sake, everything's dispatched you deal within
a week, so you don't need to be a DIY

(20:08):
pro ei. They don't worry about that assembly. Super easy,
are the DIY experts. They're only an email away, so
they'll help you every step of the way. So when
the housing markets, you know, but if he has it
is at the moment. Strategic improvements are that best investment.
So get the exact kitchen you want. You're adding real
value to your home. You're saving thousands in the process.
So you're laughing you do it U du customers proud

(20:29):
to say, of course I did it myself. Sam Neil
Lickorlander reporting his two paddocks have increased in sales by
one thousand, eight hundred and twenty eight percent. The pino
he does a rose in a reasling. But the pinot,
which is what he's famous for, was the four hundred

(20:51):
and twenty third best selling bottle. It's now gone to fifth,
so that's good for the company.

Speaker 10 (20:55):
Sixteen to two international correspondence with ends at Eye Insurance.
Peace of Mind for new Zealand business.

Speaker 2 (21:02):
Side originald good morning, good morning, make then buy for
a few fireworks with peak shortly. But it's all around again,
isn't it?

Speaker 9 (21:08):
It is?

Speaker 11 (21:09):
And the question are we on the brink of another
massive US there strike on Iran's potential nuclear operation?

Speaker 5 (21:14):
You know?

Speaker 11 (21:15):
In new comments on the war now, Trump has issued
a fresh warning to Tehran.

Speaker 5 (21:19):
We're not finished it all.

Speaker 11 (21:20):
He is saying this after the Wall Street Journal published
in Israeli assessment today saying they believe Tehran moves thousands
of centrifuges used to enrich uranium to a site south
of the towns known as Pickaxe Mountain. Perhaps they moved
some enrich uranium there as well, as they suggest, you know.
In June of last year, Trump said the Iranian nuclear

(21:41):
program had been quote unquote obliterated. Well back in February
they hit in the tans and Isfahan, as we know,
plamed a big military success. Yet soon after it was
determined that only one nuclear Richmond site had been destroyed,
while two others were only degraded. Now comes as focus
on Pickax's Mountain south of Tehran. This is a fortified

(22:02):
area with two tunnel complexes on the ground very deep.
The nuclear facility is built deep inside the mountain under
hundreds of meters of rent rock. Trump was pressed a
short time ago about whether the Iranians managed to transfer
key parts of their nuclear program to this site.

Speaker 5 (22:19):
They may have, We don't have it on record. All
we do is read the fake news. You know, we
see the news is so wrong so many times. So
you know, maybe this one they have right, but it's okay.
It doesn't mean anything unless they have the material.

Speaker 11 (22:33):
They may have. Yeah, this is the same administration that
claimed they were watching everything. Trump continued, We'll be hitting
that area very probably pretty soon, and there's not.

Speaker 5 (22:44):
A thing they can do about it. You know, normally
I wouldn't say that. If I thought they could do
something about it, I would never say that. But we'll
be hitting that area pretty soon and very heavily.

Speaker 11 (22:56):
So where are they with this war on Around's nuclear program?
The president was pressed about this.

Speaker 2 (23:01):
As a resident.

Speaker 12 (23:02):
There are no signs that Iran is ready to stop fighting,
So what is the plan.

Speaker 7 (23:06):
Is the plan to just keep bombing until.

Speaker 6 (23:08):
They give up signs?

Speaker 5 (23:10):
Well, what do you know something that I don't know?

Speaker 10 (23:12):
Well, continue to attack our allies.

Speaker 5 (23:13):
If you don't know what the dialogue is behind the
scenes that they want to meet desperately to try and
end it because they're getting decimated.

Speaker 11 (23:20):
Not to the point where they are unable to respond,
as we see day by day. In recent hours, Iran
launched new strikes on Kuwait by Rain and Jordan, countries
that host you as military bases. We just learned that
two US troops were killed in the latest Aranian attack
on Jordan, and another was killed during a drone detonation
in Iraq without naming Jordan. Today, Trump is critical of

(23:40):
host operations.

Speaker 5 (23:41):
They did slip something through in Jordan, and if we
had other operators, you know, would have not happened.

Speaker 11 (23:50):
Unfortunately, well, that sort of comment went please the Jordanians will.
Oil prices are spiking again. The Hooties are threatening to
open a new front in the Wall by blocking their
part of the Saudi oil route the Red Sea as well.
The Pentagon has just revealed that recent Iranian TACs have
injured nearly one hundred US service members just in the
past two weeks and dammage several helicopters. The Pentagon has

(24:11):
denied that they've been covering up the injury numbers saying quote,
claims of concealment are fabrications meant to distress the American people. Still,
there has been a lag time in the Pentagon revealing
those war injuries, and the last full scale news conference
at the Pentagon was back in early May. The war
initially was forecast to extend for four to six weeks.

(24:32):
As we know now it's five months with no end
in sight. Defense Secretary Pete Hegseth is due to be
quizzed at any moment on Capitol Hill where he's seeking
eighty seven billion US dollars for the Pentagon with seventy
three billion designated for Iran war costs.

Speaker 2 (24:50):
So far, all right, Richard, nice to see you. Catch
up in a couple of days. Rich is Donald state side,
and we haven't covet it. We should have. There's exploding
diarrhea all over America at the moment that was less.
The FDA, the center of a disease Control, have linked
the Lettuce to some Taco Bell outlets. Big outbreak of
diarrhea causing parasites in the Lettuce. Anyway, foot traffics down

(25:11):
seventeen percent. That's at Taco Bell and then the rest
of the restaurants are seeing a fall off subway seeing
people avoid the place because you get lettus in your sandwich.
So anything to do with lettuce at the moment in
the United States is problematic. Apparently.

Speaker 1 (25:22):
Ten to seven, the Mike Hosking Breakfast with a Vida
Retirement Communities News togsad be.

Speaker 2 (25:29):
Chris Fall, who you won't know. He was the head
of the Center for AI Standards Innovation in America. Is quit?
Is that significant? Well, it was to the extent that
he's only been in the job for three months, and
no one seems to last very long around the Trump administration.
Quote of the day goes to the bossy runs Emirates.
The big air shows on at the moment, Sir Tim
Clark has been the president of Emirates for many, many years.
They ordered a long time ago, twenty nineteen, two hundred

(25:52):
and seventy of the new Boeing Triple seven X. This
is sort of tied in with the fact that the
FDA the other day gave back the right who Boeing
to say, you know, sort of self administer their safety.
So in other words, they can self certify, which I
worry about. But anyway, so he ordered two hundred and
seventy of these Triple seven x's, they're about half a

(26:15):
billion a plane. He hasn't got a single one, so
he's been waiting seventy years, hasn't got a single one.
And the problem is, as far as we're concerned, what
they do with them is up to them. We're not
taking that batch. That's it. And he said Hines would
be interested in them, possibly as baked bean cans. So
things haven't gone well here. So the design's undergone so

(26:37):
many significant changes, so bringing them up to standard, he argues,
isn't feasible anymore. They had thrust control issues holding test
flights back in twenty four incidents in twenty twenty that
saw in aircraft's those pitch up without the pilot input.
They're also concerned by the earlier than expected structural failure
of the Triple seven X during the ground based stress

(26:57):
test of the airline itself. The original plane has been
disassembled last year after it sat dormant for six years
in an airfield near Seattle, So Emirates want nothing to
do with it. Another guy at British Airways, they said,
when do you reckon you're going to get your Triple
seven x's and he went quote good question, so Boeing.

(27:21):
Despite all of their problems, the original problem goes back
to the max of seven three seven, which is a
completely different plane. They two of them fell out of
the sky, So this seems to be getting no better.

Speaker 13 (27:30):
If they do convert them into baked bean cans, can
they please be the ones with the pool tab on?
Why do what? He keep putting out baked the small
baked bean tens without the pull tab.

Speaker 2 (27:42):
But you're one of those can openers that lifts the
lid with it. No, you got to get one of
those that'll change your life five to seven.

Speaker 10 (27:50):
The ins and the outs.

Speaker 1 (27:52):
It's the fiz with business favor. Take your business productivity
to the next level.

Speaker 2 (27:57):
Do the pul tab just cuts your fingers because you
get a sharp.

Speaker 14 (27:59):
Thing, don't you know, with a sharp edge on the can,
because it's held by the it's held by the opener,
and then you just open the opener into the bin
and it drops in automatically. Yeah, but what that doesn't
it lead a shavage on the can though after you
take the top off.

Speaker 2 (28:13):
But no it doesn't. Oh no, it's a blunt Oh no,
I'm revolutionizing your life right in front of it anyway.
Old workplace lunch debate is back Sea Lord this morning
had done a bit of research. They release their workplace
fish discrimination Report. Forty six percent of us say they
leave their fish lunch at home because they think they'll
get judged by colleagues. I'm surprised it's as low as

(28:33):
forty six. Sixty seven percent think fish is judge more harshly.
That's true. Fifty five percent say the smell is why
they don't eat more of it. Fair call. Thirty three
percent say it doesn't reheat. Well, you're not supposed to
reheat fish, you idiots. I mean honestly, fish is supposed
to be fresh. You don't reheat fish. Seventeen percent avoid

(28:54):
it for embarrassment. Eleven percent say onna fish. I mean
that does not apply. I'm assuming to sushi. Eleven percent
say unofficial or official workplace policy doesn't says don't bring
in fish up netbat's pollocks. Tinfish is okay? So that
your tuna? So you'd use you can up to Glenn
for the tuna.

Speaker 13 (29:10):
No, because those ones always have the pull tabs on.

Speaker 2 (29:12):
No, they don't, not all of them do at all.
You've got to get your special thing to pull it round.
Fifty five percent say ten fish eating by colleagues is fine.
Twenty one percent say it's unacceptable. Forty percent of non
fish eaters, and that's me interestingly says it's unacceptable for
their colleagues to enjoy fish at their desk, double the
average of the wider New Zealand public fish pigott. Yeah,

(29:34):
forty seven percent of that radical sect of non fish eaters,
so it's unacceptable for their colleagues to reheat fish at
the job. All I mean as I can saying you
don't reheat fish.

Speaker 13 (29:46):
See that This is the kind of fish racism that
we've just got to.

Speaker 2 (29:51):
The fish needs stamp out. The fish need their own
political party of this election campaign. So inflation four point one,
Nicola Willis is one hundred percent right, take the petrol.
We're actually within the band. Things are actually right, they're
coming right. So we'll work through a few numbers in
inflation and the golden base meant with Nikola Willis in
just a couple of moments.

Speaker 1 (30:13):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at b You're trusted home for news, sport,
Entertainment Opinion and Mike the Mic asking breakfast with Defender Trophy,
Epic Adventure, Greater Purpose News Talks, there'd be.

Speaker 2 (30:31):
Billing seven past seven. So the inflation headline didn't tell
the real story. The headline was inflation is at a
two year high. The real story is it's nowhere near
as bad as we thought. Four point one could be
as bad as it got take petrol out. We're actually fine,
Nikola Willis. Finance ministers were us morning, good morning mine.
You blame Trump, and you're quite right to blame Trump.
But your other problem of rates and power One is

(30:55):
that correct? Two? What are you gonna do about them?

Speaker 15 (30:58):
Well, well, that's right. Stat seems you say this is
largely a fuel story, and the absence of the international
oil price spike, inflation would be within the target band.
But we do have a challenge on our hands with rates,
which have been contributing to inflation for some time. That
is why our government is acting. We are going to
legislate to cap rate increases because we don't want that

(31:20):
pressure continuing on New Zealand households and on inflation. When
it comes to electricity, that is also a challenge. The
figures for this quarter reflect the transmission pricing that has
increased as we electrified the country. The key thing for
getting power prices down sustainably in the medium urn is
more electricity generation, and under our government we are getting

(31:43):
on with that. We have consented double the amount of
new renewable energy than the last government achieved over its
two terms in office. So we are attacking that problem.

Speaker 2 (31:54):
Problem as I'm paying for it, and I wonder whether
I should because if you look at the generation, costs
are coming down in some store and some of those
commercial players are starting to wreck that reward. I'm not
because all the cost plus accountants that the retail side
of the equation is stinging me.

Speaker 15 (32:08):
Well, you are right that wholesale prices are starting to
come down as a consequence of the government's policy settings.
What we then want to see is those wholesale price
reductions being passed on to customers. Some positive signs there.
Meridian have said that they are intending to reduce prices
for their commercial customers, and what we expect to see
is that as that generation actually comes on at the

(32:30):
moment it's consented it's being built, that that price reduction
will be priced on to retail customers. You have to
ask yourself what is the alternative, And our view as
a government has been actually, what we need to do
is build at pace, have those solar farms getting up,
have those wind farms getting up. That's why we're fast

(32:50):
tracking those projects at pace. We need more generation in
New Zealand so that energy is affordable.

Speaker 2 (32:56):
So as much as that makes sense for bright people listening,
they'll fully understand that, but they're in an election campaign.
Can you sell that to the electric and they understand
it because also before you get to the vote, there's
two more cash rate rises probably coming as well.

Speaker 15 (33:08):
Yes I can, because here's the gaping gap on the
other side, which is I've heard Chris Hipkins and Barbara
Edmund say, oh, look, inflation's bad. Well, what would they
have done differently? In fact, all they have said they
would do differently is they would have spent more, got
out the spending berzooker and sprayed it all around. Well,
we've had a recent experiment with that. They did that

(33:30):
last time they were in office, and it drove inflation
much higher for much longer. Let's go back three years
and look at what was happening with inflation. Then, food
price inflation, which is now at two point eight percent,
was at twelve point three percent. What we saw then
was that domestic inflation, non tradable inflation was extremely high.

(33:51):
It's now at a five year low. The point is
a real one, which is when you have disciplined fiscal settings,
inflation is lower than it would otherwise be. Labourer promising
to return to the old mess, and New Zealanders know
what that delivers. It delivers more tax, more debt. It's
not good for the economy.

Speaker 2 (34:08):
Golden Bay. While I've got to you how badly kicking
and screaming were you dragged to writing that check.

Speaker 15 (34:14):
It was an extremely uncomfortable decision for our government, Mike.
It is a case of the least worst option and
not something I have taken any pleasure in the alternative, however,
is that we would be the government that presided over
the end of a massively important economic activity in our economy.
Without cement, construction, infrastructure delivery. It grinds to a halt

(34:38):
and New Zealand as at risk, is at risk if
we depend entirely on imported cement. And our assessment was
if we let that factory close down. We could be
putting New Zealand at billions of dollars at risk in
the future, and that is not a prudent place.

Speaker 2 (34:51):
Why didn't you carve out the utes.

Speaker 15 (34:54):
Well, this isn't something that would apply to every firm
that is affected by the UTES. Golden Bay can be
distinguished because actually it's such a strategically relevant product that
they produce, and also its issues boil down to these
costs of emissions, whereas some other firms have a range
of other problems going on to do with their product.

Speaker 2 (35:13):
Correct, you can do anything with the ETS you.

Speaker 15 (35:15):
Want, Yes you can, but you do so with the
risk of two things, one completely undermining that market so
that it no longer functions effectively and two creating massive
taxpayer cost if you're having to bail out everyone who
needs to pay costs under the ETS. So in fact,
that's sort of fun.

Speaker 2 (35:34):
Ye, But little what that counter applies to. You know,
you're telling me sixty million. This is a one off.
You can you can do the same with the ETS.
It's a one off.

Speaker 15 (35:43):
If we were to do one intervention for one firm
in the emissions trading scheme, that would bring into large
question whether the ets is actually a real mechanism anymore,
because if everyone thinks that they just get into a
conger line and say, right, we're looking question now, then
the market doesn't work anymore. And so look, there are
real challenges pricing, emissions causes impacts in the economy, and

(36:05):
we're going to have to grapp all those, no question
about it.

Speaker 2 (36:08):
All right, appreciate your time. Finance Minister Nikola Willis says,
watch the news last night. You think people understand what's
going on in the economy. So take Trump out, take
the petrol out, and the news bulletin was busy moaning.
They'll go out and do the usual moaning news story
where they find people going, oh, everything's gone up in price.
Everything's a disaster, everything's a problem. We've got no money,
way way out. Where the figures that they put up

(36:29):
where food went up two point eight, clothing and footwear
went up two point five, recreation and culture went up
two point two, that's within the band. That's normal, that's
what you expect, that's what you want. You need some
inflation because it reflects some growth, which is what we
have in the economy. The outlies your petrol at twenty
seven your diesel at seventy one, you're electricity at twelve,

(36:51):
you council at nine. Sure, be alarmed about that. But
if we're doing stories telling us that food's up at
two point eight, that's good news, not bad. And I
just wonder if we've got ourselves into a funk that
no number is good news, and or the people they
talk to don't actually understand the economy. Thirteen past Mark
and Jinny after I sixteen past seven, classic Floodgates story.

(37:15):
I think this one new data on NCEEA special assessment
applications are more than tripled in the past decade. So
go back to twenty fifteen, there were sios eight hundred
and forty three applying for special assistance. Last year it
was twenty three, one hundred and forty one. Why Steve
McCracken is the Secondary Principles Council chair and is with us, Steve,
morning to you, Good morning mate. Is this a good
example of give people an excuse they'll use it.

Speaker 9 (37:37):
No, not at all. I don't think that there's an excuse.
What we've seen is actually more robust assessments of young
people in order to be able to assess the knowledge.
So yeah, it's a great way in terms of supporting
young people and making sure that they can perform the
best that they possibly can when they need to.

Speaker 2 (37:54):
Does it vary widely between level one and level three
in terms of applications?

Speaker 9 (38:00):
I don't know those exact numbers, Mike. However, it starts
all the way through in terms of not only from
mgqua's perspective, but from a school perspective around year nine
and ten as well, around how we start to train
and encourage young people to use those assessment conditions that
they need to perform the best that they can. So
I wouldn't be able to give you an exact number
on the differences between level one and three.

Speaker 2 (38:22):
Is the treatment school by school, year by year universal
or is it sort of got it made up as
you go along depending on the mood of the day,
vibe about it.

Speaker 9 (38:31):
Oh, no, not at all. It is definitely year by
year and making sure that things are appropriate and nationally
sound in terms of making sure that there is coherence
and considerations across the country.

Speaker 2 (38:46):
But how do you deal with the difference. So I've
got diagnosis of ADHD, that's clinical, I can prove it,
et cetera. But versus the person who goes, I'm anxious,
how do you measure that?

Speaker 9 (38:57):
Yeah, that is difficult to measure, and we as schools,
we rely on the professionals to give us that information.
And there's obviously processes that we have to adhere to
from an MZQA perspective, and there's set criteria and things
as well. Not all students who apply for it get
their special assessment requests, so it is quite a robust
process and many of our young people have years of

(39:21):
reports and things that they feed into to receive those
assessment conditions.

Speaker 2 (39:27):
So how would you explain sixty eight hundred to twenty
three thousand in a ten year period? What has happened there?

Speaker 9 (39:33):
Yeah, that's a significant increase, isn't it? And you could
easily look at the pandemic and that's excusable. What I
think that that is related to as actually schools and
that the systems are becoming more aware as well as
parents are hand students themselves more aware of the potential
of learning needs to be able to perform in those
high pressure assessment conditions. So the technology is getting better,

(39:58):
the assessments in terms of medical diagnosis and referrals from
professionals and health professionals are becoming more prevalent, and in
a good way as well. So I think there's a
range of things. It can't just be peaked of one
or two things.

Speaker 2 (40:13):
Mike, Okay, nice to talk to you, appreciate it. Steve McCrackan,
who's the Secondary Principles Cheer Council, I assume he's relatively now.
I don't think I've dealt with him before. I like
the cut of his jib. Can opener is called the
dream Farm dopener. The dream Farm dopener.

Speaker 13 (40:27):
I got one from with a handle that you whind
on the side. It's not like kind of like a
fishing ride. Not the same thing that works really well,
and I'm kind of jealous of it. I wish I've
got myself one of those.

Speaker 2 (40:37):
Mike out, will go get one, Mike. Our electric power
and gas bills gone up by over thirty five percent
from this time last year, same usage when queried electric
key were apparently the cheapest. We were told it's wholesale prices. Well, John,
if you were literally told that, you were told wrong.
They made that story up. The wholesale prices and I'll
give you the numbers later. If you want them at
the wholesale prices at the moment are through the floor.

(40:58):
They're dropping like a stone. The reason your bill is
up is transmission, distribution, retail and general effery by the
people who you buy your power from. Seven twenty.

Speaker 1 (41:15):
The Mic Asking Breakfast Full Show podcast on iHeartRadio, volt
By News Talk.

Speaker 2 (41:20):
Seppy now Chemists Warehouse. You won stop shop this winter,
of course, unstoppable savings, that sale and your chance to
say big on everything you need to get through those
colder months. Here is the news. It ends tonight, So
it's all about staying well and saving more for winter.
So support immunity. We got the Natre's Way, you got
the Radiance, got the Biogland vitamins up to twenty percent off.

(41:41):
Whole family's covered with the Good Health Viral ex range
now twenty percent off starting at just fifteen ninety nine.
Cold and flu symptoms when they hit Demerson day and night.
That'll help. It's only fourteen ninety nine. If you're looking
to stock up and save you and score up to
forty percent off the pro Vitamin co range and fuel
your routine by the way with the Musashi high Protein
plus Creator love the creatine just fifty five ninety nine.

(42:03):
Upgrade your oral care forty percent off the High Smile
electric toothbrushes. You can pick up the Colgate Blast cordless
water flosser as well. That's just ninety nine ninety nine
for the little self care. A little bit of self
care and a little bit of self care. You shop
the beauty favorites like your Thin Lizzie, Doctor Lewins, y
La Roche per Se thirty percent of shop and store
do it online a chemist Warehouse click and collect. They
will do the delivery tacencyed supply. But anyway, it all

(42:25):
ends tonight at Chemist's Warehouse Pasking forty four. Now, I
don't blame Hipkins for having a crack as he did yesterday,
but as they say in the Castle, telling me he's
dream and having closed or at least announced their closing
off these absurd deals between the local councils and Murray.
Once they get the new Rama laws up, Hipkins suggests
that this will lead to a lot of renegotiation of

(42:47):
treaty settlements. It will do no such thing, you know why,
because it might just be that this government has had
enough of court interference of Mara issues and the Mike
Smith mess might just be the final straw. I would
like to think the intervention is nonsense from the White
Tangi Tribunal was a final straw, but the government seemed
happy enough to continue to foot that bill while ignoring
pretty much everything they say. The really important bit of

(43:08):
the Hipkins intervention is that he has not explicitly said
they will reinstate said council deals. Why not? Could it
possibly be because he too realizes that the whole marraification
of this country has got wildly out of control, and
not even he can bring himself to buy the inevitable
fight that would be required in an election campaign if

(43:30):
it was him v. Luxen, and one had killed the
deals and one was left to defend the indefensible. See.
The headache Hipkins doesn't need, of course, is that they
are not his deals. It's the councils that should be
called out and held to account. It's the councils who
are taking the proverbial. That's not to say as Mary
Caucus won't get to him, but for now, at least
he takes what most middle of the road New Zealanders
would perceive as a moderate, sensible stance, and it is

(43:54):
exactly those sort of stances that win elections. Elections are one,
of course, in the center, and the moraification of the
country is no, we're near the center, a place where
the Labor Party once stood fairly solidly and fairly successfully.
The original treaty deals, yes, have clauses for renegotiation, but
they are more about income than local level dabbling. And
if any council or rey we want to dabble in

(44:14):
a court, the court should be ignored. You get the
sense that, like a lot of ideas not well thought through,
that any original goodwill was well and truly shot to bits,
as counsels and local Marie, to put it, bluntly took
the pess well, that game, thank Goodness, is up pasking.
I must issue immediately an apology to the aforementioned Steve McCracken,

(44:37):
who I said, who said just moments ago must be
new because I hadn't dealt with them before. I was
dealing with them just a month ago, and indeed a
month before that. So he's been on the program in
May and June and July. He's virtually a regular.

Speaker 13 (44:52):
One of our most regular contributors to.

Speaker 2 (44:54):
The show Goodness Sake, So obviously the Alzheimer's setting in here,
and I'm you know I like to do is if
I can tell the time right once a morning and
just remember roughly what data is then on pretty here.

Speaker 13 (45:05):
Would you like to be specially assessed?

Speaker 2 (45:07):
I probably need it what it wants a shorter show.
I should finish at eight because I can't cope anymore anyway.
By the way, back to the power that I was
telling about, thirty percent down, this is wholesale electricity Retailers
and Generators Association. They are at the lowest winter levels
in more than a decade. You can't argue with that.
But it's at the other end, the transmission and the

(45:28):
distribution and the retail that's your problem. Wholesales now, fine,
we're slowly getting it right, but the reason you're not
seeing it is the efferee that's going on at your
retail end. Right, we'll talk the World Cup.

Speaker 1 (45:41):
Shortly, the newsmakers and the personalities, the big names. Talk
to Mike the mic asking breakfast with Bailey's real estate,
your local experts with national and global reach used togs
Head been.

Speaker 2 (45:54):
Marg and Jinny After a politics Wednesday, might be the
only one who thinks having question time back yesterday. It
was good and it was well over you and I
thoroughly enjoyed myself. Am the anyway, anyway, we got the
way there after. Right, we've got the wash up numbers
with the World Cup from TV and Z though this
morning you held the broadcast rights, of course, more than
twenty million streams. Final drew seven hundred and sixty one
thousand viewers on TV one, all whites rich more than

(46:16):
a million people. Apparently Jodiodon was the TV and zaid
CEO and is with us. Very good morning to you.

Speaker 12 (46:21):
Good morning mate.

Speaker 2 (46:22):
You're not going to tell me, but help me out
as best you can. What was this about? Was this
a revenue generator for you or an exercise and technology
and branding and marketing to take you where you presumably
want to go eventually.

Speaker 8 (46:38):
It's a good question.

Speaker 12 (46:39):
It's actually an exercise in vice. So you know, as
a media business, we're always focused on audiences first and foremost,
So we knew that when we had broadcast the Euro
twenty twenty four tournament, we saw a huge increase in
audiences to our platform and also TV and DID one,
so it was really important that we had that as

(46:59):
a roof points. But at the same time we're transforming
as a business, so it was really important that we
could have the technology to the ow to sustain a
huge event such as the faith of World Cup. So
it was both of those things that went into the
business case in the thinking around this, and we're incredibly placed,
as you can assume with the results.

Speaker 2 (47:18):
Did you make money? Yes, we did at forty five dollars.
I thought you priced it too load, not that it
matters what I think, but could you have gone, with
the benefit of f insight more than that and a
lot more.

Speaker 12 (47:30):
Look, we set the price point so that we would
have commercial success, but also we wanted to make sure
it was accessible for all news delenders, so we could
have charged more. I expect that if we'd done that,
we would have had less people come in and watched
the event on the paid platform. But also you remember,
this is the first time that TVNZ has stepped into

(47:50):
a paid piece of content, and so it was really
important that we wanted as many New Zleanders as possible
to experience that, whilst we also balance the facts that
we want it to be accessible and free for the
rest of New Zealanders. That weren't in a position to
be able to pay for that payper, So I actually
think we got the balance pretty spot on.

Speaker 2 (48:09):
How much did that cost you?

Speaker 16 (48:10):
Do?

Speaker 2 (48:10):
You know? The free to wear stuff? I mean, the
Whites being free to wear must have must have hurt
you at the bottom line.

Speaker 12 (48:17):
Well, I don't think so, because they actually drive both platforms.
So you think about you know, a million New Zealanders
got to watch the All Whites on TV and D one.
That's fantastic. We had another half million that watched them
through TV and DE plus, and then you can see
that once you add in those global teams as well.
Actually having the balance of free to wear on a
big trusted platform like TV one actually allows you to

(48:39):
also promote the rest of the games and the rest
of the additional contents that was available behind the paywall
with the event pass?

Speaker 2 (48:47):
Was the revenue generated pre ordained in the sense and
the reason I asked that these stats that we pump
out these days around people who were there or weren't there.
I mean I always go back to the olden circle,
olden days, how many people sat down to watch the
match versus how many streams got touched by a couple
of eyeballs here and there. In other words, how does
that dovetail into the revenue you can generate?

Speaker 12 (49:09):
Well, I guess it's an indication from you know, firstly,
we sell advertising revenue, and first and foremost that's what
TVING did.

Speaker 8 (49:15):
Is a business.

Speaker 12 (49:16):
You know, we're owned by the crime or a commercial business,
and we are here to be a commercial business. So
from that perspective, it's really important that we could sell
our advertising packages, which we did and did sell out
with it a couple of days. But also the fact
that we're able to really leverage that and make sure
that we could bring people into the platform on a
daily basis to make sure that they watched it. And

(49:36):
you know what we're actually not counting in these numbers
is all of those schools, those teachers that turned on
the TVs in the classrooms, you know, all of the
people that went to the pubs and clubs and cafes
and retirement villages and gyms that watched it there. So
it's really hard to get a perfect number in terms
of actual people that watched. But what we do know
is that we can specifically say, you know, over two

(49:58):
million people watched on our platforms, but there's definitely more
that would have contributed to that.

Speaker 17 (50:03):
On top of it.

Speaker 2 (50:04):
Once again, you're not going to tell me, but did
you bleed to get the rights in the first place?

Speaker 12 (50:09):
We might really a commercial but sensible decision around that.
And what's really important about about this event of particularly
is that we're demonstrating hopes to all new Bleanders that
we are changing as a business, because we also need to.
So it was important that we business cased it to
have commercial success. So that's first and foremost, and I
talk about the data that we had from actually the

(50:31):
Euros in twenty twenty four that gave us the confidence
to be able to put the right number forward that
secured those rights for us.

Speaker 2 (50:37):
So what works for you do you think going forward?
Because as far as I can work out, for a
streaming business, you've got to have sport and that's the
one thing that coalesces the nation together. And then I
look at your bottom line for the next couple of years,
which is problematic. Where's the money to pay the big
bucks to get the stuff that will bring the people.

Speaker 12 (50:57):
So the next two years are planned investment perer. So yes,
we will make a loss over the next two years,
but As I said, it's planned and it's our funded
as we invest and transform the business. So you're right.
Sport does bring people into a platform, as does news,
So those two big pieces of content are huge drivers,
and then it's the entertainment and the drama that keeps

(51:18):
them there. So we will make sensible commercial decisions around
the sports content that we bid for, but we're also
really clear around we want to make sure that its
content that reaches either as many New Zealanders as possible
or parts of New Zealand that we might not already
be accessing. So I'll take the UFC as an example.

(51:38):
It's not a huge audience driver for us, but media
businesses find it really hard to reach young males. UFC
is a piece of content that does that beautifully, and
so for us to be able to secure a multi
year rights around UFC means that we've got young males
coming into our platform that we haven't seen before, and
while they're there, then it's our job to make sure

(52:00):
that we hold them and encourage them to watch other
content as well.

Speaker 2 (52:03):
Were you part of the NRL bidding process.

Speaker 12 (52:08):
We definitely look at all sports rights that come to
markets and Sky compete really hardly, and I'm pleased for
them and congratulations.

Speaker 2 (52:15):
So you were clearly Do you ever, in being a bidder,
know how much you missed out by.

Speaker 12 (52:23):
Yeah, we have a pretty good indication, you know, So
sports right holders spots. Sports rights holders will always you know,
give us an indication of where things need to be.
And as I said, we will always put our best
foot forward around what we think the business casion, the
commercial reality is that we can monetize that content and
then it's a decision that we make at the end.

Speaker 18 (52:42):
Of the day.

Speaker 2 (52:43):
Where are you at with you? Because I called Netflix
completely wrong. I thought Netflix and their their ad model
thing would never work, and yet exactly the opposites happened.
So where do you sit with an ad model for
your streaming business a paywall?

Speaker 12 (52:57):
So best and foremost teams there will always be free.
We will always be an ad funded business. But for
us to have the flexibility to be able to unlock
a pay pass, it means we can compete for rights
that we wouldn't have been able to win the past.
So our streaming platform tvn Z Plus has always been
an ad light model. So you know, sixty seconds per

(53:17):
ad break, which is a lot less than linear TV,
So we think we've got that balance rights on TV
and Z Plus and we expect that we'll continue to,
you know, to keep an eye on that. But that
value exchange actually works really well when you're in a
free environment.

Speaker 2 (53:31):
So there's no wall coming.

Speaker 17 (53:34):
Paywall.

Speaker 12 (53:35):
Yeah, no, No, the intention is we'll do it. We'll
do it on a case by case basis when content
becomes available.

Speaker 2 (53:42):
Wow, that's interesting because I find them annoying. But that's
just me. I'm strange like that. Do you want to
comment on the six o'clock News the other night where
you missed Ryan Fox and gave yourself a good promotion
for your football.

Speaker 12 (53:53):
Great that we actually had two fantastic stories to be
celebrated on that.

Speaker 2 (53:57):
You just got my wrong way round and badly.

Speaker 12 (54:02):
Well, that's really interesting. I expect what our news editorial
team would have done is as looked at the audiences
and as I've just experienced. We had over two million
people on our platform for thirty nine days watching the
world's biggest global sporting event, so I expect they would
have looked at that. I mean, Ryan Fox was mentioned
three times in the bulletin, in the first section, the

(54:24):
second section and also in the sports section, So I
look at it actually an opportunity to celebrate two great
sporting the moments.

Speaker 2 (54:31):
So you would defend what I watched for sixteen or
seventeen minutes as been good broadcast television, and you did
the right thing.

Speaker 12 (54:39):
Like I said, that's not the decision I make, but
I expect the editorial team would have made the decision
based on the audiences that that except that they'd seen
throughout the last thirty nine days.

Speaker 2 (54:47):
Did you watch the bulletin as a viewer? Did you
happen to watch the bill as a viewer?

Speaker 12 (54:52):
I did watch the bulletin.

Speaker 2 (54:53):
Yes, you didn't think in anything to yourself that maybe
you'd gotten got a few things wrong. In the newsroom,
I think.

Speaker 12 (54:59):
That we're able to actually celebrate everything that had happened
on that day, you know, And we did again last
night with Ryan Fox. We had a live interview with
them last night and again this morning on Breakfast as well.

Speaker 2 (55:08):
All right, nice to talk to you, appreciate it. Jody O'Donnell,
who's the chief executive for two B fourteen Away from A.

Speaker 1 (55:17):
The Vike Asking Breakfast, a full show podcast on iHeartRadio
now ad by news talks.

Speaker 9 (55:22):
It'd be.

Speaker 2 (55:26):
The two million. I don't for all of you saying
that football is bigger than golf. It's not about that.
It's about the individual set of circumstances and the New
Zealand and one and major uh and celebrating what I
mean they were celebrating just to think it means the
World Cup. It's like, you know, anyway, you make up
your own mind. I don't believe her numbers two million

(55:47):
watching soccer. I know three in the English. Now that's see,
this is where these statistics get. It's not two million people.
It's when you're talking about streaming numbers. It's two million
over a period of time. So they will say during
the period of the World Cup we reached X number
of million people. They're not different people, they're often the
same people. So if you watch something seven times, you

(56:09):
accounted seven times over. And so that's why streaming numbers
are a little bit tricky at times. See for example,
in Australia, they released the same numbers yesterday. SBS had it.
As I've told you before, so the whole thing was
free to wear in Australia, so they reached four point three.
This was just the final, so it reached four point
three million. You go, oh my god, four point three
million Australians know at some point during the whole broadcast

(56:33):
four point three touched base with it. The people who
actually watched the game was two point six nine. So
you can play with numbers until you blew in the face.
Speaking of numbers, I've got to get to the Avocados
nine to eight.

Speaker 1 (56:43):
The mic Hosking breakfast with Defender Trophy.

Speaker 2 (56:47):
Newstorm said, be shipping away from Mae. We talked to
Rabobank yesterday about Dearie. They've also produced numbers around Abbos
last season reached three point four four to five million
trays down a better. Australia biggest market shrinking, But come on.
In Asia, South Korea is up seventy percent. China, Hong
Kong and India have almost doubled ellest Young as the
Avocaunda grows chair and as with us, ellis a good
morning to.

Speaker 18 (57:07):
You, Yeah, good morning.

Speaker 2 (57:09):
So where are we going with this growth? Is this
seventy percent for South Korea with more to come there.

Speaker 18 (57:15):
It was a considerable room for growth in all of
those Asian markets because of the uptake of good old
avocados by the wider populations there.

Speaker 2 (57:26):
So you're discovering new markets because why is Australia shrinking?
Are they growing more of their own? Are just not
eating as many.

Speaker 18 (57:34):
Australia shrinking because of their own production. Right, there's been
over the last fifteen years has been a massive amount
of new plantings in Australia and we have seen a
bit of a change there this year is that the
demand actually kept up with their new supply and the
value and the uptake in the market and increased greater

(57:57):
than we expected. So Australia is not done for it.
It's part of our global basket.

Speaker 2 (58:02):
Okay. So when you talk about a place like India,
you've done that off your own. Bat Is the FTA
recently signed going to help or was the fta part
of what you've done in India already?

Speaker 17 (58:13):
The FCA will help.

Speaker 18 (58:14):
The biggest problem we have is where we live New
Zealand and how far away it is from countries and
markets like India. Avocata is a very perishable product. It's
a long voyage in a ship from here to India.
So currently we're using aircraft and the removal of terraces
assist us with being more competitive in that marketplace in

(58:37):
the future.

Speaker 2 (58:38):
Can you stick these things on a plane, land them
anywhere and still charge the price to make the money?
Does it work?

Speaker 18 (58:45):
It does when the demand is there. Last year, for example,
the African supply to India became very short in India
switch to New Zealand and was comfortable to pay the
air freight pricing. But in order to get good growth
in the markets with consumers teams buy, you need to
have an economic price, and therefore we have to keep

(59:08):
the logistics as sharp as we can. Makes India a
little difficult kind of cost.

Speaker 2 (59:13):
Well, I'm good to I'm pleased to hear the good
news on that one, and keep up the good work
and long may the growth continue for your eldest young
who does the abbos. Mike TV one certainly got it
wrong and with disrespectful ignoring Foxy's win. Mike often you're right,
I think on Ryan Fox you're wrong. So you got
one each side, haven't you, which is there are no rights,

(59:34):
there are no wrongs. It is the golden Cement argue,
except with golf. Now politics Wednesday, I got a question
for Mark Mitchell, mainly because old Bushy remember Mike Bush,
the former commissioner here, he's the commissioner in Victoria. He
made a citizen's arrest. I don't think it was a
citizens and the rest probably a police commissioner's arrest. Anyway.

(59:54):
So he's driving around the road guys running loose with
a knife in Melbourne, because that's Melbourne for you, and
he goes, well, hold on, what's going here? It leaps
out of the car, jumps on top of him. Anyway.
The interesting thing for me was Bush was in his
car traveling with his quote unquote security. So the committee
police commissioner of Victoria has security. Is that weird? Do
we have security here? Anyway? I'll talk to you Mark

(01:00:15):
about that, and Ginny Anderson as well with politics Wednesday
shortly for.

Speaker 1 (01:00:20):
You in a noisy world here yourself think it's the
Mic Hosking Breakfast with a Vita, retirement, Communities, Life your Way, News,
togs head.

Speaker 2 (01:00:30):
B again, just leave me standing alone and or world.
So there's the weirdest story. This is the water Boys,
Atlantic Rain, the Lost Fishermen's Blues recordings. So as the
story goes, originally this was going to be their fourth album.
We're going back to the spring of eighty six nineteen

(01:00:52):
eighty six. ELVIM eventually got completed in nineteen eighty eight.
In the ensuing period, they fill nearly four one hundred
multi track reel tapes that netted several compilations from the
existing Betier six discs one hundred and twenty one tracks,
Fishermen's Box, the complete Fishermen's Blue Recessions, that's what it

(01:01:13):
was called. Blue Raincoat Music then went and bought the copyright.
So they then reviewed hours of the unheard tapes, which
were called untitled or jam and they did that for
over two years. So they do nothing, nothing particularly quickly. Anyway.
They then went and picked twenty five of the so
called lost tracks, and this is what you're listening to.

(01:01:36):
This is one of the lost tracks. They actually can
hear why it was lost. Anyway. They put them together
and the twenty five tracks last for two two hours
and six minutes and twenty three seconds.

Speaker 13 (01:01:57):
So it's greg news for all the water boys stands out.

Speaker 2 (01:01:59):
There's the water boys. So all your water boys fans,
there's more water boys than you ever dreamed possible. Jenny
Anderson's with us, Mark Mitchell's weather. Good morning, we're Monday morning, Morning, Morning, morning, Jenny.
How how cool was it to have question time back yesterday?
It was?

Speaker 16 (01:02:16):
It was wonderful, it was exciting.

Speaker 2 (01:02:19):
You didn't ask a question though.

Speaker 16 (01:02:21):
No, not Maybe today we'll try and.

Speaker 2 (01:02:23):
You got one today lined up? Okay, tell us what
give us? Give it to me now?

Speaker 16 (01:02:31):
Okay? Becauesn't they get surprised? Do you want to know?
Because they know? So there's a couple, so we've you
got to No, you put up a couple.

Speaker 8 (01:02:41):
Yeah, you think of different ones.

Speaker 2 (01:02:43):
Oh no, you're supplementaries. I don't want your supplementaries because
they are the surprise ones. What's your main question? What's
your what's your? What's your? And who's it too?

Speaker 16 (01:02:48):
By the way, there was the two education potential ones
and there is one to Nicole McKee for fire out
ser these three.

Speaker 9 (01:02:56):
In the end the maxim we have a meeting at.

Speaker 16 (01:02:59):
Nine that decides, you know, who gets up? Do you pitch,
you do your elevator pitch.

Speaker 2 (01:03:04):
Who's who's the final determined? Or whether your question gets
across the line.

Speaker 16 (01:03:09):
Across usually because Karen mcinaughty is the shadow leader of
the house, so he'll he'll have a think about which one.

Speaker 6 (01:03:15):
Sounds that's.

Speaker 2 (01:03:17):
A good one, Jenny got in there.

Speaker 16 (01:03:20):
Yeah, he's a cunning one. Go for that.

Speaker 8 (01:03:22):
If he sounds Australian.

Speaker 16 (01:03:23):
Though when we do and he's not really Australian.

Speaker 2 (01:03:25):
He sounds Australian. He wears, he wears chinos and hats
like he's Australian. Having said all that, does he go
for does he go for your supplementaries? Does he go now?
If if if I give you that one, Jenny, what's
your supplementary?

Speaker 16 (01:03:39):
So you get to tum and how many we get
in a day? So and we divvy those up right,
So usually the first question, which would go to Chippya
or Barbriepens or whoever's taking the lead, they'll get a
couple more, and then the restless up keep divided out
over the other asking questions.

Speaker 2 (01:03:55):
Making you nervous between four and six you're quaking mud,
he said, not really.

Speaker 17 (01:04:00):
No, I think the listens. I think the listeners are
probably thinking, can we move on from that?

Speaker 2 (01:04:07):
No?

Speaker 16 (01:04:07):
Question time is do nothing else my gloves.

Speaker 2 (01:04:14):
Time, and if I do my career, I'm going to
make sure that more New Zealanders are aware of the
joy that is question time.

Speaker 19 (01:04:22):
You get you get a few honorable mentions in question Thomas, Yes,
I do.

Speaker 2 (01:04:28):
Now neither of you correct me if I I'll start
with you, mate. You weren't there when Bill Birch was there?
Were you?

Speaker 17 (01:04:33):
No?

Speaker 2 (01:04:33):
But he worked with my grandfather, no way.

Speaker 19 (01:04:36):
Yeah, he's in keebninets my grandfather and like just so
we knew the family and just huge respect. Incredible man,
very humble, very smart, made a massive contribution to our country,
to public service. He still turned up to National Party functions.
He's still there, he still listened, gave advice. You know,
he's one of those guys that didn't disappear. He was

(01:04:56):
still there supporting us right through to the end.

Speaker 2 (01:04:59):
I think even you would agree with I mean you
may not agree with all the policies, Jenny, but I
mean that was a serious contribution, wasn't it to New
Zealand and political life?

Speaker 12 (01:05:07):
Well?

Speaker 16 (01:05:07):
You always had those people in cabinet. I suppose you
still do. Who do more of the work and who
do that backwork? And I actually listened to there was
that podcast I mentioned previously. You're going to mention it.
It's the one, yeah, yeah, the one that goes It's
put up by Toby Menhei and they're done, and he
features in that. So it's really interesting to see, you know,

(01:05:29):
those people behind this who are always right in the front,
but they're often the ones doing the a whole lot
of the backwork in the background.

Speaker 2 (01:05:37):
He was a spring poller of great influence. Now let's
talk or start talking mark golden based cements. So let's
not try and make this too political, because you've done
what you've done. You've written sixty million dollars check as
a concept, etes versus saving a company versus the specifics
of the company in the New Zealand economy. How complicated
do you think this is as a decision?

Speaker 19 (01:05:58):
Well, these two is absolutely, without a doubt had an
impact on them financially and it was considered. But whether
they come out of these yes, But ultimately the government
we didn't want to undermine confidence or the integrity and
stability of the ets and so you know, it was
the sided that a targeted commercial agreement. It was going

(01:06:19):
to address the resilience issue that we need as a country.
They're the only producer of cement for us and we
need to make sure that we secured that.

Speaker 2 (01:06:26):
Is there anything you would have done differently jidly.

Speaker 16 (01:06:29):
Well, but the question we've got is why this one
and why not many of the others? And I know
you can't do them all fear, but food security, I
would argue, is just as important. And when you have
vague operations like what ees and the canes, so we're
shutting down permanently, And when we don't have good, strong
food security, when we're growing all this beautiful food and
can't process it here in New Zealand, why has the

(01:06:51):
case made that that wasn't just as important to keep
that food production happening in Books Bay.

Speaker 2 (01:06:57):
It's not a bad question. I'll let you answer at
the moment. Marke, Ginny Anderson, Marke Mitchell thirteen past.

Speaker 1 (01:07:02):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio, carle
it By News.

Speaker 2 (01:07:07):
Talks at B News Talks at Me, sixteen past eight
Ginny Anderson, Marke Mitchella do thiss Mark? See, I don't
know that food security is your best example, Ginny, But
but I mean, what do you do? Mark? So you've
opened up a Pandora's box to a degree, haven't you.

Speaker 19 (01:07:21):
Yeah, it's Look, it's not about ranking one industry over another.
But this obviously presented a really unique set of circumstances
and challenges for US as a country. So the deal
is targeted and conditional golden based. Event has to maintain
the best at manufacture right through to thirty first December
twenty forty and they also have to commit at least
one hundred and fifty million of its own investment maintain jobs,

(01:07:45):
and they're going to have to meet reporting and audit requirements.
But we had we had to make sure that we secured,
you know though, the only ones that are actually manufacturing
cement at the levels that we need as a country.
And of course cement is used just about everyone's daily lives, so.

Speaker 2 (01:08:02):
We understand that logic of it. Now a good question
from a text, if we're paying for it, why don't
we take a stake in the company?

Speaker 19 (01:08:10):
Yeah, well, I mean that's obviously a that would be
more a question directed towards the Minister of Finance because
she's been the one that's been doing the heavy lifting
and the heavy work on this. Obviously, it's something that
we do not take light that we do not like
interfering or getting involved in these situations. However, government's also
got a responsibility to make sure that the public in
the country has got access to the things that they need.

Speaker 2 (01:08:33):
But go back to the question Jenny importantly, would you
guys probably have done the same thing?

Speaker 16 (01:08:40):
Yeah, well, I think there needs to be a broader
response because he's been so many companies go down, So
whether it's just a one off or whether it needs
to be a long to a consideration around the structure
of how the economy is working and we can't have
key businesses operating here. The other one that's had an
impact is of course all the puble and paper closures.
And I mean that's the answer from they're supplying deary

(01:09:05):
so that that's a key link into supplying all the
packaging for for our dairy processing and so that from
reports and on the ground and talking to people, that's
had a significant impact not just on jobs, but on
the ability of doing that.

Speaker 6 (01:09:17):
Great work more example.

Speaker 16 (01:09:19):
So I think that So I think there's an important
question to weigh out.

Speaker 2 (01:09:21):
Okay, what about the about millions?

Speaker 16 (01:09:24):
Fine a question here.

Speaker 19 (01:09:27):
I think without a doubt, our story as a country
is one of the courring from a very deep hole,
probably one of the deepest holes in the OECD. As
we came out of COVID. But you know, let's focus
on the fact that you know, we've got two point
one percent GDP growth for the last nine months and
we're strengthening, strengthening forecasts. Some of the best actually in
the OECD we got keywas returning from Australia. I think

(01:09:48):
that's fourteen percent up. Manufacturing is expanding rapidly. Services have
returned to expansion in June. We've got really strong exports,
our pro our primary industries are doing extremely well. We've
signed up great free trade agreements where actually the outlook
for US is actually starting to come right.

Speaker 17 (01:10:04):
It's looking pretty good.

Speaker 19 (01:10:06):
You know, good levels of investor, farmer and business confiden,
it's all increasing, all the.

Speaker 2 (01:10:09):
Good talking points. Marke, well done. Let me ask you this,
Jinny Hepkins would not or he didn't say yesterday, these
are the council deals with local mari right, he didn't
say you'd reverse them. Is he's saying you're not going
to reverse them because you're not going to reverse them,
or he just hasn't made up or you haven't made
up your mind yet.

Speaker 16 (01:10:28):
Well, I think it's been a bit confused in terms
of the way it has been reported because you know,
working in partnership is a good idea in general.

Speaker 2 (01:10:36):
Well that means you're going to flip it or no.

Speaker 8 (01:10:39):
Well, who are we to stop it?

Speaker 16 (01:10:41):
I think that's more question, right, So let's look at night.

Speaker 2 (01:10:44):
Well you'll have to because the RU may will prevent them.

Speaker 16 (01:10:48):
Well yeah, but then as then I actually think in
reality you may well see those things happening outside of
the Rima. My Tahu Farming manages one hundred thousand hectores
of farm and forestry in the South Island and so
you know, of course they're going to have to work
with the local government in terms of how that o you,
but not.

Speaker 2 (01:11:04):
At the official level at the council table making decisions
when they're unelected, and that's what's been you know killed
in the r No.

Speaker 16 (01:11:12):
Well I don't think that's what this is. You know
that these are agreements in partnership, so they're not seats
at the table necessarily, they're how they're working on the
ground and partnership. That's what those agreements do, think and
so we don't support that change and all it will
do is lead to more division and more potentially litigation
from EWEI against the Crown. It's a waste of time

(01:11:33):
and money.

Speaker 2 (01:11:34):
Mark.

Speaker 19 (01:11:35):
So no, I just think you make a very good point.
I think Nitahu, from what I've work with them closer
in the emergency management area, they've got very very good
what they do. They've got great relationships with local government
and they should. They should engage and deal with them
just like any other key we your organization does. And yes,
we do believe very strongly that you shouldn't have unelected

(01:11:56):
members making decisions that elected members.

Speaker 17 (01:12:00):
Them to do.

Speaker 19 (01:12:00):
And the replacement bills originally would have stopped new ewing
council agreements while allowing the exist existing ones to come over.
But since the bills are introduced, we've become aware that
there's been a rapid increase in new agreements and initiated
processes between the councils and EWIS. And so this is
about stopping scopes creep and restoring trust in local government.

Speaker 2 (01:12:22):
Thirty seconds or less. Focus on the bait. Thirty seconds
are less. Just before my curiosity, does Richard Chambers carry
security with them?

Speaker 19 (01:12:31):
No, he self drives.

Speaker 2 (01:12:32):
So the bush things unusual. The police commissioner of a
state in Australia have securities unusual.

Speaker 19 (01:12:37):
You would have thought well number one, like Mike Bush
is doing a great job over there inherited a soup sandwich.

Speaker 17 (01:12:43):
Has no doubt about that.

Speaker 19 (01:12:45):
Sometimes depending on what you're doing, sometimes the commissioner will
have someone driving them depending on what event he's attending.
But basically overall our commission of self drives as I do.
But occasionally you dony driver.

Speaker 2 (01:12:57):
All right, nicee, you both appreciate it. Make Mitchell any
Anderson Nate twenty two.

Speaker 1 (01:13:02):
The Mic Hosking Breakfast with Bailey's Real Estate News Talks
EDB The Mic Hosking Breakfast Full Show podcast on iHeartRadio
Power by News Talks B.

Speaker 2 (01:13:15):
Now, if you spend your working life und noise, you know,
on the tools on the farm, factory floor, that sort
of thing. Simple question worth asking every so often. As
has your hearing changed? Could ACC funding be part of
that equation? So a lot of people check. Once they
give it a crack, they get knocked back, They just
forget about it, never look again. But eligibility is not fixed.
It can change. So here's the thing. If you do

(01:13:36):
qualify it resonates health, you're going to get the top
of the range hearing aids no matter which acc Banja
landin not a dollar more out of your pocket. So
the team's going to handle the whole process, the paperwork,
the fitting, the ongoing care. You might wonder why you
would trust them to actually deliver on that. Well, that's
a reasonable question. But Resonates grind to thirty one studios.
These days, they've got far more five star Google reviews

(01:13:56):
than any other hearing provider in the country, which is
not an act, and it's basically people getting looked after properly,
which is what good business is all about. So if
it's been a while since you check, check again Resonatehealth
dot co dot NZ, Resonate Health dot co dot NZ,
or on the telephone at eight hundred seven three seven six' six'.
Two paski you, Know what zelensky's busy at. The moment

(01:14:17):
so the other day he Sacked As Defense. Minister federoff
people didn't, like that they hit, the street they. Started
protesting so this morning he's gone and sacked the head
Of his, Armed. Forces serski and, you, go, hmm well
who's he going to get to run the armed Forces if,
Serski's gone well the Answer. Is Federoff, so federoff who

(01:14:41):
was unemployed in causing the protest as all of a Sudden.
Back federoff the reason he got sacked is he's publicly
aired his disagreements over, military strategy but apparently that now
because of, the protest is put to one Side, by
zelensky who is very much clearly. The politician this is
the sort of stuff that never gets reported broadly speaking
in the. Wider media it's all about Poor. Old ukraine,
you know they're getting, beaten up, Or yay ukraine's throwing

(01:15:04):
some Drones. At russia the internal political workings of what
has always been a can, we say an exceedingly murky
country politically is never, really traversed and it perhaps. Should.
Be more budgets come in a billion dollars better than
they Thought. In australia so that's, quite good. ISN'T it
i suppose that's a little bit. Of Something steve price

(01:15:25):
is up early, for us as he always Is on Mondays,
and wednesdays and Today, being wednesday here is but moments
away after the news here On The Mic.

Speaker 1 (01:15:31):
Hosking, breakfast, credible compelling the.

Speaker 10 (01:15:35):
Breakfast show you.

Speaker 6 (01:15:36):
Can't miss It's.

Speaker 1 (01:15:37):
The Mic hosking Breakfast With defender trophy, empic adventure greater
purpose news talks That, be.

Speaker 2 (01:15:43):
Mike what and this is a, fair question what is
the difference To The new? Zealand Bailout The new zealand
government is the, majority shareholder owning fifty one percent of
the airlines, ordinary shares the remaining forty nine percent held
by institution. Retail investors you Refer To. Golden samit all
of those are, live questions then they're all and we
put at least some of It To nikola willis Earlier
On mark mitchell a couple of. Moments ago what makes

(01:16:04):
this thing so fascinating is there is no right and
there is. No wrong it's not black. And white could
they have written, A, check yes because. They did could
they have taken a stake in, The, company yes but.
They didn't could they have carved out the ets for this, Particular,
company yes but. They didn't and there are answers, around
it and hearing, the answers you can argue till you're
blue in the face you, don't agree or you, do agree.

(01:16:24):
Or whatever but that's why we're still talking, about it
and we'll probably do so till the end of. The
week twenty three.

Speaker 10 (01:16:28):
To nine international Correspondence with ends and, eye insurance peace
of Mind For new.

Speaker 2 (01:16:33):
Zealand business no matter what, you do it's the precedent
that's the. Key Here Now steve price is with us.
Morning mate, Hello There. Barnaby joyce we haven't had any coverage,
of This but Barnaby And pauline hanson's relationship and he's
sort of out there while she was Swimming with gina
and the pool and stuff. Like that are they cool
because she's gone and said he could be The? Prime,

(01:16:55):
MINISTER well i say, they are but.

Speaker 17 (01:16:58):
Who knows one of the new news papers here, this
Morning The, cinnemony Heras portrayed barnaby with a bucket and
a mop and suggesting that he's the guy that goes
around cleaning Up. After pauline she's the leader of, that
party no doubt. About that she's got her. CONFIDENCE up
I mean i thought we might have heard the last
of her for a little while because she was Returning

(01:17:19):
from europe after, that trip, but no she bobbed Up.
In perth now that shows you that This Bo james
ashbury who's doing her media, for her is. Very clever
so she's in, one day She's. In italy the next
day She's, in perth that's the closest return capital city
to Any. In australia she sits down in front of
a huge sellout audience at a NEWSPAPER sponsored Q and.

(01:17:41):
A yesterday the audience start booing the editor of the
paper because he was giving her a, hard time and
she just laps, it up and you know again she's
front page. Newspaper today she says that She Backed donald
TRUMP'S hardline ice agents getting rid of illegal immigrants IN.

Speaker 7 (01:17:58):
The.

Speaker 17 (01:17:58):
Us now, she, Said look, trump, said okay if, You're
here i'll give you a week to get out of.
The country we all know how that. ENDED up ice
agents then running around with masks on, their faces armed to,
the teeth arresting people and flying them out to prisons
in third. World countries, SHE said i think it's a
great way to.

Speaker 12 (01:18:15):
Do.

Speaker 17 (01:18:15):
It now you know this is Where poll Enhanson And
one nation need to be. Extremely careful yes they're on a. Roller,
See yes australians don't like the two major, parties currently
but do we want in?

Speaker 6 (01:18:27):
This?

Speaker 17 (01:18:28):
Country really And The daily telegraph reported This week mike
that we've got seventy seven thousand unlawful non citizens in?
This country would we be find it acceptable that armed
people who were not state POLICE or afp rounding, them
up putting them in trucks and we fly. Them off,
you know we were happy with the stop of the,

(01:18:49):
boat's campaign turn the boats around and send people OFF,
To na but would we be happy with that happening
on Land. IN australia i don't believe.

Speaker 2 (01:18:57):
We be careful for what you wish for fun of?

Speaker 17 (01:19:00):
His dog sit down is what. He said. Of, course
now Luckily, for parnaby he turned his head to. The
left he was being INTERVIEWED on abc seven that he
Report By. Sarah ferguson if he had not turned his
head and shouted, sit down there would be some that
would interpret that that he didn't like the Question That
sarah ferguson. Asked, him indeed after the sit, down remark,

(01:19:23):
SHE said i don't care about. Your dog what's the
answer to. The question she's a. Tough interviewer it's as
with the social media. These days it's spawned all sorts
of memes and every commentator on television and radio yesterday
played it a. Thousand times it.

Speaker 2 (01:19:40):
WAS hilarious i find it what's gone wrong with? Your
fuel you rationing the. Potential bison BUT what, i thought
and certainly we have here we've discovered with the straight
issue is one that there are still ships. Going through to,
A Degree sowdi arabia's got a, secondary pipeline so they
get the. Oil out we just went elsewhere and we
bought based stock and we got it through a. New,
supply therefore we. Are sorted why are you?

Speaker 17 (01:20:02):
Not well we sort. Of ore we've got more fuel
in storage now than before the, conflict started so. That's
positive we've got forty six days, of petrol thirty nine days,
of diesel and thirty four days of. JET fuel i
don't know what your supplies are like compared, to That
but sorkovonic is an expert in this AREA that i

(01:20:22):
use regularly. On sky he, has said if this, conflict
reignites which appears, it has and the straits then grind
to a halt again And the whody start attacking the
alternative supplies out Of The, red sea then we would
be in trouble and we would have to introduce. Petrol
rationing we've got a four. Stage plan we're at stage

(01:20:43):
two at. The moment stage four. Is rationing will we
get to? That point, sol says maybe that you have to.
Be prepared but you know who wants to go back
to two dollars fifty year liter for unleaded and three
dollars twenty. For diesel. No one everyone now just goes
about the. Normal business evidents. Forgotten them that's. A problem we,
will supply so we'll See what so we'll see what Happens.

Speaker 2 (01:21:05):
This labor party Conference. In adelaide the union just the
union reminded me while, you're AWAY and i can't remember
the name of, the company but they're using a LOT
more ai and stuff on loading on ports. And docks
it was one of the big ones that was a
gas company or a petrol company or iron, or company whoever. It,
was anyway the union are asking for a twenty eight
hour week with no deduction and pay as a sort

(01:21:26):
of a dividend for being tossed out BECAUSE. Of ai
so that the union movements clearly alive and Well, in australia.

Speaker 17 (01:21:34):
Sure Is The Australian labor party has a rather unique
system in that, you know once every year they have
A national party conference where they all get together and
the unions have as much power there as what the elected.
Politicians do what normally happens is, prime ministers no matter who,
They are labor prime ministers have to then bat away
all of these kooky ideas that the unions come. Up
with the one that's emerged Today The Australian Manufacturing workers

(01:21:58):
union have said they've demand under in a policy ahead of,
the conference that we take the union jack Off the.
Australian flag they declare it a symbol of oppression and
they say we need to strip away the constant reminders
of the old ruling class and. Colonial empire symbols of
oppression like the union jack on our flag and offensive

(01:22:20):
colonial statues must be removed from. Public, Light well ANTHONY
il belizi let. That, happen no, he won't but it's
going to be a very fiery couple of Days. In
adelaide it's pivotal for him that he's seen to be
more Powerful. Than newton's i'm not sure, he is.

Speaker 2 (01:22:36):
All, Right mate, go well see you. Next Week steve
price Out. Of australia the, aforementioned budget by, the way
and the forecast. From it the completed financial year twenty
eight point three billion. Dollars deficit they think now it'll
be closer to. Twenty three so they said, twenty eight
it will be. Twenty three so that's five billion. Dollars
difference as far as the debt, slightly smaller ten billion,

(01:22:57):
dollars smaller does that make a, Material, difference well you
work at up. Their debt their gross debt will finish
the year at nine one hundred and seventy one point four,
billion dollars so close to. A trillion it. Isn't funny sixteen,
To Two.

Speaker 1 (01:23:12):
The High Asking Breakfast full show Podcast on iHeartRadio Powered
By news talks At.

Speaker 2 (01:23:18):
B steve's restaurant's Reference To barnaby joyce is From The Sydney,
morning herald as, he mentioned and is well worth read because.
VERY funny i read it. This morning it starts as
there is a particular kind of political humiliation reserved for
the man who used to be the headline and is
now the. Cleanup crew, For Years barnaby joyce Was the
national's resident, chaos merchant a politician who could turn a
media conference into a. Bush fire during his Years As Deputy.

(01:23:42):
Prime minister it Was often Nationals and liberal colleagues who
found themselves answering Questions about joyce's. Latest controversy now the
questions Are About, pauline Hanson and joyce is the one
insisting everyone. Has misunderstood the bloke who used to light
the fires is now the bloke carrying. The bucket which
is a nice piece, of writing apart from anything else
in the whole article is very good thoking. Of GOOD
can i recommend an ARTICLE that i, read yesterday another

(01:24:03):
one of these lovely uplifting articles that was on the one.
NEWS website a Woman Called, lucy bendel who is a
reporter at, the station writes about her she's twenty three
and writes about buying her first HOME, and i as,
you know if you're, a regular always uplifted by these sort.
Of stories we've had a couple of, people here, young
producers who in the age of the early to, mid
twenties have gone on and bought their, own homes thus

(01:24:24):
proving everybody wrong that the being locked out as a
young person to the housing market simply. Isn't true and
not only isn't, it true it hasn't been true. For
AGES as i try to keep, telling you the biggest
group of people in the house buying market are first.
Home buyers the only argument around the first time buy
you might put forward, as well they're older than they used,

(01:24:44):
to be, Not always and this Is where lucy's story.
Comes in at. Twenty three she makes though two really.
Interesting points first, of all she, says THIS when i
was asked to share, My, story well first, of all as,
a journalist she should have thought of that herself and
shared a, story voluntarily because it's a great story. To tell,
BUT anyway i was hesitant because finances have traditionally been
something of a. Taboo topic Have they i've never seen

(01:25:07):
them as a. Taboo topic but one of the things
she points out in the article is her family has
always been very open, about money talking about finances things,
like that and if it, IS taboo i would suggest
the sooner we break, that down. The better but here's
the really. Interesting part as someone who monitors and writes,
NEWS daily i watched my chances of purchasing a home
DWINDLE as i read one depressing article after. The, next

(01:25:31):
well oh. The irony first, of all why did you
read one depressing article after another because most OF. It's
bs two did you not realize in reading it that
your part of the system and therefore could. Change it,
and therefore why, were you as someone who writes monitors in,
NEWS daily i watched my chances of purchasing a. Home

(01:25:52):
dwindle technically, you didn't because just because you read something
doesn't mean anything changed in your. Personal circumstances your chances
weren't changed by you reading an article telling you you
would never buy your, first home because you went and
bought your first home, because you as the, article explains
did a whole lot of really, good stuff prepared, yourself well,

(01:26:13):
worked hard, saved hard and at twenty three years old and,
warmest congratulations you are in your. Own property and if
you don't want to read that just, from this remember that,
the myth the great, urban myth that home ownership is
beyond most young people simply for many is not true

(01:26:33):
and nor has it. Ever Been nine Away, from Night.

Speaker 1 (01:26:36):
The Mike hosking Breakfast With Alvita retirement communities news togs
had been.

Speaker 2 (01:26:41):
No legacies, don't fight they come. Back stronger and this
is the Great Story. Defender Trophy defender trophy returned after twenty.
Five Years new zealand didn't just. Show up we showed,
Up Ready. Lily hillary i've been telling You, About Lily,
lily hillary Granddaughter Of, sir redmond first man To Who.
Summitt everest, of Course, for lily purposeful adventure isn't something,
she chose it's something. She inherited, of course it's in
a bla written in, her name and now she's writing her.

(01:27:01):
Own Chapter, charlie murray he was the other winter mountain
biker From The southern alps who spent his life pushing
into terrank that most of us. Never see So, for
charlie the wilderness isn't, A backdrop it's where he is most.
Of life so These two kiwis who prove Themselves in
taiwan are now carrying that spirit all the Way, to
africa not just, to compete but to Work alongside tusk
to protect some of the world's most precious wildlife and.

(01:27:22):
Wild places and that is What the defender is. Built
For because defender trophy doesn't just take from the land,
it uses it gives back. To It The defender trophy,
epic adventure. Greater purpose you can visit Your local Defender
or landrover. Dealer, today mosking Editor Of ponsonbe news this
is such a ponsonbe Story, in auckland they will no

(01:27:42):
longer run Columns By wayne brown after getting what they
described as a threatening email to. The magazine so it's
an opinion piece written by a fellow Councilor Called, mike
lee criticizing. The Mayor then brown writes, to them if
you're just going To Publish mike lee, bagging me then
your paper. Will, die Now The ponzom news editor is
a Guy. Called martin he goes he thought it was

(01:28:03):
pretty disgusting to be honest, with you and he found his.
Email troubling but of course he misinterpreted the. WHOLE thing
i Think What wayne brown. Was saying not to be
a Defender Of, wayne BROWN but i Think What wayne
brown was saying was your magazine's not going. TO die,
I mean wayne's not going to come out and. Kill
you wayne was just going, to say if you keep printing,
negative rubbish, your magazine like so, many magazines will die

(01:28:24):
because people don't like to read a whole lot of.
NEGATIVE rubbish i think that's the beginning of the middle
and the end. Of it but, Some.

Speaker 13 (01:28:29):
People i'm shocked there's a Magazine Called Ponto me.

Speaker 2 (01:28:32):
News some people tend to be a bit more sensitive.
Around matters five minutes away from.

Speaker 1 (01:28:37):
Not trending Now With, chemist warehouse your one stop shop
this winter had.

Speaker 2 (01:28:43):
The yellow, Chairs earlier president as In The, White house President.
Of lebanon he was, the president wasn't He a President?
Of lebanon was there today and he was trying to
sort out that whole get the idf out of. Town routine,
and yeah there's always something that goes on in the
yellow chairs that he ends up being a bit of
a talking point in the. S morning this is it.

Speaker 7 (01:29:00):
Pressure Consequences on china for what you announced on them
meddling in the twenty.

Speaker 2 (01:29:05):
Twenty, election well we'll to talk to them.

Speaker 5 (01:29:06):
About it it took place a long. TIME ago I
think china's maybe a little bit different today than it.

Speaker 2 (01:29:11):
Was then, but look.

Speaker 5 (01:29:12):
They do things and we do things. To them i'll,
be honest we do things to. Them too it's not
a one, way street but we'll be talking.

Speaker 2 (01:29:19):
To them, it's interesting? Isn't it because, that SPEECH which
i set aside time for specifically to watch The, previous
friday because it was all about the, stolen, election which
as it, turns out wasn't about the stolen election. At
all it was just about some hacking and some nicking and,
skullduggery That as trump quite rightly, points out everybody spies.
On EVERYBODY and i thought that was a well established

(01:29:40):
thing and had been for about. Fifty years everybody spies. On,
everybody anyway out Of the trump speech On the friday came,
basically nothing and it was just, regurgitated nonsense and everyone
was standing by for the they stole the twenty. Twenty
election here's what Happened, In georgia here's where the machines,
Were dodgy here's what you need to. Look at and
all he's building up for is. The emergency he's going

(01:30:02):
to call some sort of emergency leading up to the
midterms because he's in a world of trouble in. The
midterms but that was sort of where it came. And
WENT and i happen to Be, watching fox and Not
even fox could drum up. THE enthusiasm, i mean most
of the major plieres didn't even carry, the speech but
Not even fox could drum up the enthusiasm to delve
into what he. Just said and they moved the program

(01:30:23):
on fairly quickly as indeed we, are too because our time,
is up but it starts again at six, tomorrow morning and,
As Always. Happy days

Speaker 1 (01:30:34):
For more from The Mic, asking breakfast listen live to
news talks it'd be from six, am weekdays or follow
the Podcast on iHeartRadio

All Episodes

Episode Transcript

Popular Podcasts

Stuff You Should Know

Dateline NBC

Betrayal Weekly

.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Full Show Podcast: 22 July 2026

Episode Transcript

Popular Podcasts

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}Stuff You Should Know

Dateline NBC

Betrayal Weekly

All Episodes

Full Show Podcast: 22 July 2026

Stuff You Should Know