Full Show Podcast: 23 July 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
It's your source of freaking news, challenging opinion and honored facts.
The Mike Hosking Breakfast with a Vida, Retirement, Communities, Life
Your Way, news togs had been.

Speaker 2 (00:11):
Morning and welcome today. The good news bad news story
around our red meat sector and how much better we
could be doing. We found some optimism in the retail sector.
We got more to tinkering into acc to make things
look better than they actually are. Marking Jinny did the
Bazaar after eight Big Wednesday, Richard Arnold, Steve Price. They
rock on in as well. Hosking feeling good seven past six.
Welcome today. Tell you what the most upbeat thing that

(00:33):
I've read lately about the media. As a bloke who
wrote an article about buying the magazine he was working
on when it all went a bit pear shaped, he
worked us through what he had learned, what he had changed,
how it was going in magazine land Bauer, if you remember,
were the first two scarped when the dark old days
of COVID arrived, and because they owned so much, a
lot of carnage ensued in a lot of magazines vanished
because well, maybe never to be seen again. The rest

(00:55):
is relatively though positive history, given most of the titles
seemed to be back locally owned and running doing from
all accounts okay. So does Sky's purchase of Discovery locally
referred to as TV three close the circle of sorts
in this tumultuous period of New Zealand media, where any
amount of blood has been spelled and drama has played out.
When I say circle closed by its very nature, of course,

(01:17):
media evolves no matter what the period or the era
or the circumstances. But have things or will things settle
a bit? Stuff have got trade me on board, and
they claim to be able to pay the bills these days.
Enzed me is a going concern, some parts of which
are particularly successful. Sky have always looked pretty solid as
far as I can work out, through this whole period,
and now they got a great big free to wear

(01:38):
toy to play with. Media Works has a massive new
contract on billboards for their outdoor arms, so a large
number of interesting and new things may well happen out
of that. But their radio department, our debt aside, has
been successful TV and Z that's a bit of an
open question, I guess, given their bottom line and need
to invest shed loads and digital, but their state owned,
so they're not going to sink. So is that it?
I mean roughly sort of TV, locally owned magazines bubbling away,

(02:02):
locally owned radio, the media that keeps on keeping on
making money highly competitive. Have we finally faced the enemy,
taken the casualty count and cleared the runway? Can we
peer through the haze and smoke and see a future?
Is the worst now behind us? Fingers crossed.

Speaker 3 (02:23):
News of the world in ninety seconds.

Speaker 2 (02:25):
Who doesn't love a yellow chair? To AAASO straight to
the White House. We're today's guest is a mister Marcos
of the Philippines. Not that his host was interested in
the Philippines or he had other fish to fry.

Speaker 4 (02:35):
It's the greatest job. You show up one day, a
half a day, you make a little speech. Your economy
is doing well. The economy is not doing well.

Speaker 5 (02:42):
We're going to raise in it.

Speaker 4 (02:43):
And he's got it wrong. That's why I call him
too late, too too late, and it's really too bad.

Speaker 2 (02:50):
His friend Scott was also that he's referring to power.
Of course, his friend Scott was also there. He was
on a couch, not a yellow chair. He too, was
not interested in the Philippines.

Speaker 6 (02:58):
Fat has had big mission creed and that's where a
lot of the spending is going. That's where why they're
building these new or refurbishing these buildings. And I think
they got to stay in their way. They should be
cutting raps now.

Speaker 2 (03:11):
Now. Meantime, mister Marcus, who was looking on the news,
did get his chance to speak when somebody wondered whether
the Chinese motlight might not like the idea he'd roped
up to Washington.

Speaker 7 (03:20):
But there is still need in a sense to balance
to you, as you characterize us, to balance our relationship
with the United States in China, simply because our foreign
policy is an independent one.

Speaker 2 (03:34):
I think to the Middle East, where global impatients is
turning to global exasperation.

Speaker 8 (03:38):
Now we are seeing the last guess of a humanitarian
system built on humanitarian principles. This system is being denied
the conditions to function, denied the space to deliver, deny
the safety to save life.

Speaker 2 (03:52):
Now, this woman is the lawyer for a doctor who's
detained by the Israelis.

Speaker 9 (03:55):
Their clothes aren't replaced, not even underwear. Skapis is rampant.
Skin diseases are widespread, and the most basic medical attention
is only given when they see you're on the verge
of death.

Speaker 2 (04:06):
Backstage side, let me introduce you to Eric.

Speaker 10 (04:08):
Now.

Speaker 2 (04:09):
Eric's building a town. He's the leader of the group
returned to the land.

Speaker 11 (04:13):
What we've done here is establish a place where we
have control over who our neighbors are, and that is
just for the sake of preserving you know, our culture,
white American culture. Yeah, not just white, but white American.

Speaker 2 (04:29):
Yeah. By the way, just before we in News of
the World, just in Ossie Osbourne has passed away. It
was only on stage. What was it last week? He
was in a chair that he was on stage and
that is News of the World in nineteen. By the way,
the August one deadline for tariffs the hard deadline, Lutinix

(04:49):
said yesterday August one hard deadline. Well, this morning Scott
Besson said, well, they're likely to hash out an extension
for Triina, so that's a hard deadline. Twelve pass six.

Speaker 1 (05:03):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talk Zippy.

Speaker 2 (05:11):
This Epstein thing will not go away. The DOJ is
reaching out to Gallaine Maxwell in jail. Justice demands courage.
For the first time, the Department of Justice is reaching
out to Gallaine Maxwell to ask, what do you know? Johnson,
Mike House Speaker, he didn't want to know anything because
he's he's closed the House of Reps early that we're

(05:31):
going on an August break, but he's decided that can
be a July and August break because if he kept
the house open, the Democrats want a few votes on Epstein.
He's not interested in that fifteen pass six short from
devon his management. Greg Smith, good morning to you. Good
morning Mike. Is that Coca cola going to taste so
much different with cane sugar in it? You reckon?

Speaker 12 (05:51):
Oh, absolutely, isn't it. And that's the sort of the
big announcement aside from the results. So obviously Trump previewed
it last week and that he is effectively put some
pressure on them to change their recipe, and appears they
are going to do that. So they're going to sweepen
their coke with real cane sugar as opposed to the
high fixtors syrup, which I've used since the nineteen eighties,

(06:13):
but mainly due to lwer costs. But obviously you've had
Robert F. Kenlley's talked about the health concerns or health
risks of using the syrup experts, so there's no clear
nutritional differences or other experts do. Meanwhile, Trump reckons the
version with real cane sugar tastes a lot better, and
it's known as actually Mexican coke in the US. He

(06:35):
actually consumes around twelve cokes, so I suppose as many
were known, just redons that tastes better. So yeah, maybe
the White House might argue that making America healthier game
has taken another step, setting on point that Americans will
be getting the real thing as it relates to the
sweetness and coke. But yeah, as to the results, she's
actually a little bit low. But the earnings and revenues
actually beat, but there are some mixed elements and net

(06:56):
sales at one percent twelve point five billion. That was
up fifty eight percent three point eight billion, But if
you look at volumes they fell one percent, so North America,
Latin America, Asia though a week, and the only division
that was strong was Europe, Middle East and Africa, so
that was up three percent. So you could say that
economic uncertainly is actually weighing on consumer demand.

Speaker 3 (07:17):
At least of coc.

Speaker 12 (07:18):
Mets actually has been pretty resilient up until now. But
what is helping like is prices. These were as six percent.
There's also another bright spot coke zero sugar volumes there
up fourteen percent, So we're trying to get healthy in
terms as it relates to coke consumption. It seems that
being about the full year they reckon, revenues are going
to be five to six percent high earnings by three percent.

(07:41):
That's the top of the arrange. A lot of focus
was on that changing of the.

Speaker 2 (07:44):
Recipe, okay, and then we come to Tibet in the dam.
How big is it? Is it beautiful?

Speaker 12 (07:49):
Is a fantastic Hey, what's going to be the biggest
in the world. The Chinese premiere described as the project
of the century. So construction has actually begun on this
one hundred and sixty seven billion hydro power project in Tibet.
It's really got the mining sector go and it's going
to require lots of construction materials. Set to be completed

(08:10):
in the early twenty thirties, so seven years of work
size seven years and Tibit. I suppose you could stay
good use of the Chinese economy. It's going to potentialate
around point one percent to GDP for the decade. But
it's all about the materials, Mike, it's going to consume.
So let's let's go through six million metric tons of cement,
eight hundred thousand tons of steel, seventy thousand tons of copper,

(08:31):
and I ran about the same aluminium. So yeah, that's
why the miners are going. In terms of the power capacity,
we're looking at three hundred billion killer what hours of
electricity annually. They've got this river tumble sort two kilometers
in one part, so huge hydro power potential. So the
damn capacity that could power sixty medium sized cities, or

(08:52):
to put in perspective, that's the total electricity consumed.

Speaker 3 (08:55):
By Britain last year.

Speaker 12 (08:56):
So all part of the strategy to expand renewable energy
reduced car missions. Of course, has raised some environmental concerns,
particularly among downstream nations like India and Bangladesh. But yeah,
markets did like the implications. All the big miners rose
for the second day running.

Speaker 2 (09:11):
Surplus New Zealand trade boom.

Speaker 12 (09:15):
Boom, here we go. Although hey it is it is
a narrowing a bit. So the June surplus one hundred
and forty two mil that was down from five to
semis mill last year and also lower than the surpases
of a billion plus in April May. But it is
the fifth concept monthly surplus, so that's the first time
since the pandemic that this has happened. So exports going
well up six point six bill, no surprise, dominated by

(09:39):
dairy so milk, butter, milk, powder, butter, and cheese that
was up twenty two percent to one point eight billion.
But food exports going even strong and so twenty five
percent higher. Log exports also rose twenty five percent. We
talked China, they're still our biggest customer by far exports
they are up twelve percent. But interesting thing I guess
from the Trump tariff war, Ozzie is now our second

(10:02):
largest customer. So exports are up sixteen percent, Europe thirty
eight percent high, whereas the US was down nine percent.
And you talk about sort of beef that's been fallen
as well. Meat exports to the US down two hundred
million to eight hundred and forty miles, so certainly having
an impact on the tariff side. Good imports they were
up by nineteen percent six and a half billion. Lots

(10:23):
of stuff being consumed from South Korea trying the US
petrols down vehicles that was up thirteen percent.

Speaker 3 (10:29):
I thought that was interesting.

Speaker 12 (10:30):
Here if you look at the annual vehicle stats, the
actually fell twenty three percent four point nine bill. EV's
down to fifty seven percent, hybrid plug ins down thirty
eight percent. Obviously the subsidies are gone, that EV demand
is just not there, at least for pure evs, So
hybrid electrics are still doing well, up around about four percent.

(10:51):
But yeah, certainly interesting move there. You look at the
commercial side, truck, van and utes, they were down seventeen percent.
Just one thing on scooters East scooters E byte it's
gonna be going a without of fashion. So imports here
down twenty three percent. But your good old old fashioned
bikes maybe some relay twenties, and they're up fourteen percent
to fifty three million.

Speaker 2 (11:10):
We've seen one.

Speaker 12 (11:11):
Hundred and seventy thousand bikes chipped in, so maybe we're
also trying to get healthy and use all of those
cycle alone. So anyway, the trade situation that appears to
be getting into better shape, and over all the trade
decent for the quarter seven h nine MILI four point
four bill for the year but this is now in
less than half of what it was in the June
twenty twenty four year when we were important.

Speaker 3 (11:31):
Goods like crazy.

Speaker 2 (11:32):
Give me the other numbers, yes, So what have we got?

Speaker 12 (11:35):
They've got the down up point two percent forty four
to four to two five. We've got the S and
P five hundred flat six threes er O five, got
the Nazdak down point four percent twenty eight nine nine.
We got the Footzy one hundred that's up point one
percent nine two three, Nickey down point one percent, a
SX two hundred up point one percent, ms X fifty
down one percent twelve eighty three three. But of course

(11:57):
sky TV featured four point seven percent on the Discovery
one dollar deal. Gold up thirty two dollars three four
to two eight, a ounce oil down a dollar sixty
six spot nineteen. And the currencies are where sixty even
against the US up half percent ninety one point six
against Australian dollars that's up slightly. Also up slightly against
the British pound forty four point four Japanese year and

(12:18):
down slightly eighty seven point nine.

Speaker 2 (12:20):
Have a good one mate, catch up tomorrow. Greg Smith,
Debon Fund's management fund Basking Magnets. China exported thirty one
hundred and eighty eight tons of rare Earth permanent magnets
last month, which is one hundred and sixty percent up
on the month before. And who bought them. America their
importation went up six hundred and sixty percent, second biggest producer,

(12:42):
second biggest buyer in the world, only behind Germany. And
of course China holds the rare earth market by the
throat at ninety percent of the global supply. Six twenty
two of Newstalk zb come the Baby Limited Value Our.

Speaker 1 (12:55):
House the like Hosking Breakfast Full Show podcast on iHeartRadio
now ad by News.

Speaker 10 (13:03):
Talks at Me.

Speaker 2 (13:05):
As you probably heard, Ed Sharan's announced the touries coming
here next year, so I thought, I know we'll get
ed back on the program. Ed Sheeran with us tomorrow
after eight o'clock in the mic, Asking Breakfast six twenty five.

Speaker 1 (13:14):
Trending now with Chemist Wells keeping Kiwi's Healthy.

Speaker 2 (13:19):
All year roun time music related Ozzy Osbourne. As I
mentioned the moment Ago seventy six has passed away. Parkinson's
of course, for years, had a lot of back and
neck and surgeries. It is with more sadness than mere
Woods can convey that we have to report that our
beloved Ozzy Osborne has passed away this morning. He was
with his family and surrounded by love that Sharon. We

(13:39):
last had him on the program in twenty thirteen, and
you Love your Honey.

Speaker 13 (13:44):
I'm a digital Monoca Klaney from New Zealand. Opened at
number sixteen culture or something, but really interested when I
come there, if it's not too far's the way it's
or a beehive thing.

Speaker 2 (14:04):
How did you get into it?

Speaker 13 (14:05):
Well, I was in a supermarket and was reading the
thing in the newspaper about honey, you know, right, a
lot of treatily stuff. It's it's not really pure honey
in the respect that he's got like my it makes
me sugar and you know, stretch it for But this

(14:26):
honey is pure honey, and it's so good. I think
it makes me feel so much better in my It's
good for a body, you know. I was speaking my
vocal cords. Okay, it's wonderful.

Speaker 2 (14:38):
Seventh of this month was when he was last on stage,
So just a couple of weeks ago. Ozzy Osbourne, age
seventy six, ed Sheeran. As I mentioned on the program, tomorrow,
I will be asking him about cold Play and Jumbo John.
It'll be interesting to see what he's got to say
about that. He's with us after eight o'clock tomorrow morning,
Meantime News.

Speaker 1 (14:57):
Next the News and the news makers, the mic asking
Breakfast with the land Rover, Discovery never Stop Discovering News,
togsdadv Mike.

Speaker 2 (15:13):
What did Joe Winston Peter's policy on foreign buyer's plan
is what's taking him so down long? Very good question.
Does he want businesses to live in a letterbox? Not Tara?
The story that the Herald of running this morning isn't
really a story. I don't know why they're excited about it.
He was on this program two months ago said exactly
the same thing. He accepts now. I believe because the
evidence is overwhelming that the business of having people come

(15:37):
to the country and invest in the country to the
tune of millions is good and is happening and is
happening in numbers, and therefore they just might like to
buy a house. And so the National Party went to
him said, let's make it five you don't like two,
Let's make it five million. Let's make it six million, Winston,
but he's dicking them around and they need to sort

(15:58):
that out quick smart twenty three to seven much Richard
arm the stateside shortly, ACC meantime back here, got an
update for you. We're have an accounting change that produces
ACC's estimated liability by seven billion. Essentially, they're dropping the
risk margin from twelve percent down to zero, which makes
the books look better. So what does that actually mean,
warre enforced, It is, ay an ACC lawyer and researcher,

(16:18):
and as well 's Warren morning, good morning. This is
just protection stuff, and is it? I mean, it's stuff
that may or may not happen, and you adjust some
numbers around that. I mean, nothing's actually happened apart from attitude.
Is that correct?

Speaker 14 (16:30):
That's pretty much that. Like in the late nineties, Labor
and National GOP together and said, look, we're going to
fully fund ACC. How much money do we need? And
each year the amount of money that they think they
needed went up, and just behind that, the amount of
money that they had went up. So we've been growing
these a SC funds twenty five years, and in twenty
twenty three, ACC had forty seven billion in the bank.

(16:52):
It says it needed fifty one billion to fully fund it,
so it's about ten percent apart. That's kind of what
we see that in twenty twenty four they did it
and they said, look, we've only got forty eight billion
in the bank, we need sixty billion.

Speaker 10 (17:03):
We've got a problem.

Speaker 14 (17:04):
So they just effectively recalculated what they need. But in
the meantime they sent the message out that ACC's broke.
Levies have gone up, people have been starting to be
thrown off the scheme. But now they've recalculated, they say, okay,
well we need seven billion less, so back in the
same territory of sort of tenh cent apart. But in
the meantime all the levees have gone up and people

(17:25):
have been picked off, and that sort of now we've
seeing the message we don't need that much money anymore.
But in effect there's been no real change. It doesn't
change how it operates in people's lives. But from a
political point of view, they all sort of had each
other on the back and say, haven't with nothing.

Speaker 2 (17:41):
Great exactly that's very well explained. Congratulations on that. Does
this include the sexual abusis court case stuff where they
don't seem to know what the number may or may
not be. We're guessing at that one as well.

Speaker 14 (17:51):
Yeah, so that was part of the thing last year.
And again going back acc used to pay those claims
in the late nineties, are like, oh, we'll save a
whole have a money by not paying those people. And
then last year they said, oh, we've got to pay
them again, so that they increased what they said was
a liability there by three point five billion. But basically

(18:12):
what's happened is very few of those people have got
any help. Asus's only paid out something like fifty million
or one hundred million of that number, and that's because
the process is so slow. But you've got to know,
if you put aside the politics and you think of
the impact of people when all these things change backwards
and forwards. People who are paying levies in their businesses

(18:34):
or on fuel, people who are injured are at home.
The government's saying, oh, we're going to cut there's twenty
thousand people here and it looks like nothing's wrong with them,
and we're going to rehabilitate them. But actually what they're
doing is they're going through one person by person and
they say, well, you've only got a sprain you should
bear back at work, and they're ignoring the actual injuries
that the people have. So it's the same for sexual abuse,

(18:55):
it's the same for people who are injured by accident,
it's the same for work injuries. We need a mature
approach from our political parties so that we can actually
do the stuff sensibly in the long term without these
sort of lurching for one way to another which.

Speaker 2 (19:09):
We see constant tinkering. Appreciate it, Warren Well explained Warren Forster,
who's an a sec lawyer and researcher. And of course
you've got to remember that the return to surplus, this
is Nicola willis the return to surplus, which may or
may not happen in twenty eight twenty nine, is predicated
on the idea that the acc numbers aren't in there
because she just decided that well, she decided that if

(19:30):
they were in there, she wouldn't be returning to surplus.
So that's how we're being mucked around with Richard Arnold.

Speaker 1 (19:34):
Next nineteen two, The Mic Asking Breakfast Full Show podcast
on iHeartRadio powered by News.

Speaker 2 (19:41):
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(20:45):
I will come back to Echinasio because we had the
chairman of netball on yesterday telling us how wonderful netball was,
until I saw Echinasia go well, I'm not going to
be here next year, and I don't know if there's
any money in netball, and I don't even know if
it's a professional sport. Meantime, across the Tasman, he is
a wake up call for rugby. How bad is rugby?
Rugby's bad? So the Lions are in town. I raised

(21:06):
this the other day. I said, do is the Liones
thing still a thing when you're playing the Wallabies and
the Wallabies are useless? Anyway? Turns out I might have
been right on that. So by way of comparison. Third
state of bo League? How many people watch that on Telly?
Four point eight million?

Speaker 3 (21:19):
Is that a lot?

Speaker 10 (21:19):
Yes?

Speaker 3 (21:20):
It is?

Speaker 2 (21:20):
Why because league's popular? Four point eight million? How many
people watch the Lions game the other night? Eight hundred
and sixty one thousand. Hey, you're not worried about that,
You're not awake?

Speaker 15 (21:30):
Six forty five International correspondence with ends and eye Insurance,
Peace of mind for New Zealand business.

Speaker 2 (21:36):
You America, Richard Arland, Good morning morning. Make so the
House is closing August, Well, it was supposed to be August,
but the closing a bit early.

Speaker 16 (21:44):
Yeah, you know, nothing for US politicians to be doing
in Washington, DC apparently so, Yeah, House Speaker Mike Johnson
is sending him home early for this summer holidays here.
That means they will avoid any vote on releasing the
full files over the Jeffrey Epstein pedophilia case. As President
Trump is still seething, it appears, over the growing megabacklash
concerning the case. Republican Thomas Massey said he would join

(22:06):
with Democrats of force a vote on releasing those files
dealing with the crimes of Epstein, whom Trump one labeled
a quote unquote terrific person. Trump and Epstein because took
part in the early nineties in a so called calendar
girl party for young women hosted at Marrilago. They were
the only males at the event. It seems Epstein's ex girlfriend,
Stacy Williams, says Epstein and Trump were quote unquote best

(22:28):
friends and again quote up to no good. The White
House denies her accusations, including her claim that she was
physically abused by Trump. At the White House a short tobago,
Trump was questioned about the Epstein files once more, and
about a new move to have a former Trump lawyer
interview Jelaine Maxwell, the former Epstein associate now serving a
twenty year jail term. Over all of this Epstein Epstein,

(22:50):
I don't know anything about any of that, says the president.
Here's how he responded when he was pressed about this
Sidney Oval office.

Speaker 4 (22:57):
I don't know about it, but I think it's something
that would he sounds appropriate to do.

Speaker 17 (23:01):
You general, as your former attorney.

Speaker 4 (23:08):
No, I have no concern that he's very he's a
very talented person. He's very smart.

Speaker 9 (23:13):
I didn't know that they were going to do it.

Speaker 4 (23:15):
I don't really follow that too much.

Speaker 16 (23:17):
Yeah, don't follow that stuff, says trub who has been
notably signed for the past couple of days. As the
White House floods the zone, as they like to put it,
they called for release of the files, not the Epstein files,
but the Martin Luther king Or files. And then some
more files, not the Epstein files, but the Hillary Clinton
email service files. Then Trump suggested he might intervene over

(23:38):
the renaming of the Washington Redskins as the Commanders to
do away with the old racist team name more diversions.
Speaker Johnson says, the whole issue should be allowed to
cool down.

Speaker 2 (23:48):
We're not going to play political games with this.

Speaker 3 (23:50):
We've all been very clear and transparent.

Speaker 16 (23:53):
That is not the view of most of the Mega faithful,
of course. Republican activist Mantrie Taylor Green says, quote, if
there is no justice and no countability, people are going
to get sick of it. That's where people largely are
end quote. Trump also accused former President Obama of treason
during his overlofs appearance this day, without giving any details.
Seemed to be referring to a move years ago by

(24:13):
Obama to okay an inquiry into an intelligence assessment of
Russia's election interference, and so flooding the zone again, putting
up so many issues at fuel the mega base in
hopes that mega supporters of Trump will reached their own,
well his own stance. Jeffrey Epstein Epstein.

Speaker 2 (24:29):
Who then we come to well related matters. Colbert was
back for Monday.

Speaker 17 (24:34):
That's right.

Speaker 16 (24:35):
In just about every US television comedian and many others
turned up on the CBS Late Show set with Stephen
Colber last night. This was his first show since CBS
announced they were ending Late Night after decades. They say
the reason was financial, had nothing to do with the
way Colbert had been slamming his own network for Agreen
to pay sixteen million dollars us to Trump to settle
that lawsuit with the network's legendary sixty minutes news show.

(24:57):
Trump had sued them, claiming they missile the edited an
interview with Kamala Harris during the elections. Most analysts say
they saw the lawsuit as bogus. The CBS parents Paramount
is in merger talks with sky Dance, and Paramount's boss
favored the Trump payout in order to overcome Trump administration
regulatory hurdles. Colbert called the payout a quote big fat bribe.

(25:19):
That's the backdrop too. Last night, where Colbert, Colbert was
back in the spotlight saying this.

Speaker 4 (25:25):
I can finally speak unvarnished truth to power and say
what I really think about Donald Trump, starting right now.

Speaker 2 (25:43):
I don't care for him.

Speaker 16 (25:45):
Comedians Jimmy Kibble, Jimmy Fallon, John Stewart, along with musicians
in Manuel Miranda and others including Anderson Cooper and he
Cohen many others did cameos for the show last night,
which continues till May of next year. Stewart, who used
to work with on The Daily Show, did a profanity
ladland rant on his program last night.

Speaker 5 (26:05):
Here is just a little part of.

Speaker 4 (26:06):
That institutions that have chosen not to fight the vengeful
and vidictive actions of our pubic hair doodling commander and ship.

Speaker 13 (26:14):
This is not the moment to give in.

Speaker 2 (26:18):
I'm not giving in.

Speaker 13 (26:19):
I'm not going anywhere.

Speaker 16 (26:23):
I think there was lots of abusive language. Can't run
most of it, Mike, but cannot recall anything like this
on American television in the modern era.

Speaker 2 (26:31):
Right might seen a couple of days Richard arn Stateside.
And by the way, they booted the Wall Street Journal
because of the Epstein slash Rupert Murdoch lawsuit. They booted
the Wall Street Journal off the press pool when it
comes to the upcoming trip to Scotland for Trump. So
it was who was the first run account? Who was
at AP or Ruters? Whoever it was, It's now the
Wall Street Journal.

Speaker 1 (26:49):
Light away from seven, The Mike Hosking Breakfast with Bailey's
real estate news talks did be.

Speaker 2 (26:55):
Isn't it bulls and deep deep trouble in this country? Clearly.
So we had met winnerra on yesterday and they changed
the rules around overseas players and all that sort of stuff.
And I asked Matt about and he was busy spooking.
He's a good bloke and why wouldn't you use the
chairman of the board. You got to sprink the sport.
And he says things are good and the crowds are
up and all that sort of stuff. They don't have
a broadcast deal anyway. In the afternoonck Andasio comes out
and goes by the way, next year, I'm not there.

Speaker 18 (27:15):
And this is why it's a bit of a shame
actually to see nepple in this state, in New Zealand,
you know, where it's been such a prolific sport for
such a long time. The only thing we do know
is we are one hundred percent taking a pay cut
and we just don't know how much yet. So I'm
actually just waiting to see if it's a viable employment
option anymore so, which is kind of the space of
where we're sitting. And you know, so who knows if
I'll actually be back out on the court again.

Speaker 2 (27:37):
So who's right, Matt or her? Five minutes away from seven?

Speaker 3 (27:41):
Well, the ins and the outs.

Speaker 1 (27:43):
It's the fizz with business fiber, take your business productivity
to the next level.

Speaker 2 (27:48):
Now, retail good news confidence found in the retail sexers.
So we'll get into that. I have more good news.
How much good news have you got? Mike, got so
much good news? The next wave of New Zealand workers overall,
they're confidence in what this country can provide them. How
good is that to hear? This is from Skills Group.
They're the country's largest private training establishment. They do specific programs, academic, practical, jobs,

(28:09):
the whole lot. Anyway, they did a survey. They found
that sixty three percent feel very or extremely confident about
their future. Sixty two percent so they expected the qualifications
to support their career progression. So that's good. The group
that's lagging behind it it's the old school leader. The
old school leaders a bit down on themselves at the moment.
There's too much vaping, I put it down to. Anyway,
these are the under seventeenth, seventeen or above. The confidence

(28:32):
rating three point seven out of five when it comes
to their career all progression. But the under seventeen's the
school leaders, they're down at two point six out of five.
Got to stop hanging around at the dry buying the
Boston bun and the vapes get into life. Remote learners
that are the most confident. I wonder if that's because
they don't have to go to assembly. Probably they scored

(28:53):
four point one out of five. A lot of people
doing the home learning. I was looking at the stats
the other day and if I had none that was
coming up, I would have prepared better. But I can't
remember the number. But there are a lot of people
and an increasing number of people doing home learning in
this country, which is no mean feat. And don't text
me saying ah, they as there for thirty minutes a
day and the computer is more to it than that.

(29:14):
But it does seem to be a thing. Right that
good news I talked about on the retail will get
stuck into that and see what's going on. We'll also
talk to Nathan Guy because he's the chair of the
meat They've got the big get together in christ You
at the moment the red meat sector. Now you all
know about the red meat story. It's a fantastic story.
I read a report yesterday. America absolutely stuck when it
comes to local production of red meat. They got a drought,

(29:36):
they got small herds. They're not going to fix it
anytime soon. So we're quid's in there. But but, but
we could be doing so much better if it wasn't
for those damn pine trees and the subsession with climate change.
So are they going to do anything about it? There's
your big question, and that question will be asked after
the news.

Speaker 1 (29:55):
The only report you need to start your day the
mic casting Breakfast with Dailey's real estate all together better
across residential, commercial and rural newth Togs.

Speaker 2 (30:05):
He'd be morning. It is seven past seven. The old
Trev counterbat is raging this week at the Red Meat
Sector conference. They've made an extra one point two billion
this year. Red meats so hot right now, but stock
levels are a problem. We are, as they say, leaving
money on the table.

Speaker 3 (30:18):
So what to do?

Speaker 2 (30:19):
Nathan? Guys, the Meat Industry Association Independent chairing is with us.
Nathan morning to you, Good morning Mite. It is gutting.
I suppose, isn't it to know that we could have
made even more money if we wanted to.

Speaker 5 (30:31):
Yes, that's right. We're in really good shape. Returns to
fantastic for our farmers. They've had a real problematic couple
of years and they've got to spring in their step.
Our processes are doing pretty well buy and large. There's
obviously geopolitical issues and a few headwinds that play with
tariff and a few other things, but if we did
add more volume, we would return more money through to

(30:53):
processes and farmers. Unfortunately, trees have had a bit of
an impact, and that's just the reality of I guess
dealing with the numbers that we have.

Speaker 10 (31:02):
To deal with.

Speaker 2 (31:03):
Has anyone managed to square the circle? Because if I'm
a farmer and somebody offers me more money for my
farm to plant some trees than they are to sell
to the family wants to run the cows and the sheep,
what am I supposed to do?

Speaker 10 (31:15):
Well?

Speaker 5 (31:15):
That is an issue. I guess you sell to who
you want to. Some farmers have said they didn't want
to sell to trees. They've wanted to sell to their neighbor.
Others have sold to the trees. The government have got
this bill working its way through the Parliament at the
moment that's going to stop and restrict blanket planting of
trees on classes one to six. We support that bill.
The reality is, though there's still opportunities for meat companies

(31:38):
to make more value out of product. Also, there's another
stream there that's available to them, and that's bobby calves
and there's one point nine million of those processed every year.
If farmers choose to rear some of those stock, and
the beef value chain as the hell of an advantage
for the red meat sector.

Speaker 2 (31:58):
That class one to six thing is that to solve
a problem or has the horse already bolted, It.

Speaker 5 (32:04):
Will solve a problem. But we have lost stock over
the last three years. Might be in the vicinity of
IU was trying to do some numbers on the back
of an ember last night. Maybe a million lambs, maybe
two hundred thousand beef, four hundred thousand months, and that's
over three years. If you equate that number to today's prices,
it might be in the vicinity of a billion dollars

(32:25):
lost over three years. So it's unfortunate, but I guess
if we step back and think about the demand, the
demand is incredibly strong, particularly out of the US. Despite
the ten percent tariff, UK eu fantastic. Just went up
to the China market with the PM recently green shoots
appearing there, so we're in very good shape, very positive outlook.

(32:49):
It's fantastic, good stuff.

Speaker 2 (32:50):
Nathan. Nice to catch up with you with a good news,
Nathan Guy. Meat Industry Association Independent Share Cattle herd sizes
in America lowest levels in seventy four years. This is
what I was reading yesterday. There is no sign that
any of that's changing prices through the roof in America,
so they're all angsty. It's the new egg story, but
there is no sign that that's changing anywhere. But the
demand stays the same. They cannot get enough meat for

(33:12):
burgers and that's where we fit in. So it's good news.
Ten minutes past seven, passing more the news, I got
some Here we go from our light at the end
of the tunnel file. We found renewed confidence in the
retail sector, if you can believe it. June numbers say
nearly seventy percent think they're going to make it through
to next year. That's up from fifty seven, so that's
a material increase. Carolyn Young is, of course, the retail
New Zealand chief executive and she's, well, there's Carolyn morning

(33:33):
to you.

Speaker 19 (33:34):
Good morning, thanks for having me.

Speaker 20 (33:36):
Not at all.

Speaker 2 (33:36):
Sixty two percent missed their sales target. See I always
think that's weird. If you set your sales target all
wrong in Wonky, of course you're going to miss it.
I mean, depends what you set it at it, don't you.

Speaker 19 (33:45):
Well, obviously you're setting yourself target at stock that you're purchasing,
So you're purchasing stock on the expectation that you'll sell us.
And of course you're buying stock six or nine months earlier.
And we had been talking all through twenty twenty four
about the survive to twenty five. But you know, twenty
twenty five hasn't quite been as buoyant as Good hoped. So,

(34:06):
you know, looking ahead, retailers are thinking Christmas is coming,
you know, boxing day sales, you know the Christmas build up,
you know that's going to be a positive. I've already
bought my Christmas in summer stock. I'm starting to look
at paying for it shortly. Sales will return back at
that time by the time we get there with you
know the economic sectors.

Speaker 2 (34:25):
We're looking for, which is my next question. This is
the critical part the seventy percent. How much of that
seventy percent is based on all the economists and the
so called experts saying stand by, stand by, stand by,
the good news is coming versus the so called reality.
Might we be wrong and therefore their optimism is delusional.

Speaker 19 (34:41):
Absolutely. Look, I think there's two factors in here. One
is that you know, all those economic factors the headline
numbers are. You know, everyone's talking up a good talk
and we actually have to see as turn around in
consumer confidence because until consumers see more money and their
wallet at the end of the week before their payday,
then they're not going to go out and spend any money.

Speaker 7 (35:00):
No.

Speaker 2 (35:01):
Is it geographic and sectorial in other words, I mean
some if you can't do well in Queenstown at the moment,
you're not doing business properly. So is it random depending
on where you look.

Speaker 19 (35:12):
It is definitely in the provinces and rural areas stronger
than it is in Auckland and Wellington, for example. So
you know you're just talking about the rural sector that's
absolutely applicable here. You know, that is really holding up
that those funds are going back into those local economies.
So that's helping more buoyancy in those provincial areas in

(35:35):
New Zealand compared to the urban areas.

Speaker 2 (35:37):
Good stuff, Carolyn, Always the joy to have you on
the program, Carolyn Young, Retail New Zealand Chief Executive. Which
brings us to twelve minutes past seven pask get which
is this pole out yesterday and this is a very
good example of what we've just been talking about, the
tallbot Mills pole. And everyone goes, oh God, it's miserable
for the government. Fifty one percent believe the country is
on the wrong track. Why to fifty one percent of
the people believe the country is on the wrong track.
The answer is because it is. But it's not the

(35:58):
government's fault. It's the previous guver it's fault. They're still
trying to work the mess through. Seventy six percent say
the economy was not so good or poor. That's because
it isn't. It's a statement of fact. It's not a
political statement. It's a statement of fact. Is the economy
doing well? No, it isn't. Nobody thinks it is so.
Then the problematic part of the poll is thirty eight

(36:19):
percent believe they deserve a second term only forty eight
percent say it's time for quote unquote another party. Who's
that party? Anyway? More politics? After right thirteen past the.

Speaker 1 (36:30):
High asking Breakfast full Show podcast on iHeartRadio, Howard By
News talks at b.

Speaker 2 (36:36):
It is sixteen past seven. So what difference will Sky
TV owning TV three make to our viewing pleasure? Warner
Brothers Discovery wanted out. Sky had a dollar, so the
deal was done. Sophie Maloney is the CEO of Sky Television,
wh happened to be in the building, So we draped
out of the cafeteria or wherever.

Speaker 6 (36:53):
You were.

Speaker 2 (36:54):
Nice to meet you, and we appreciate, appreciate your time
very much. A couple of really quick things I didn't
think were addressed proper yesterday. Where's the comcomon this?

Speaker 21 (37:02):
The conversations with a ComCom we had by the legal
teams in advance of proceeding with the deal, and they've
said they don't need to investigate any further.

Speaker 2 (37:10):
And was that predicated on the idea that Discovery said
we're going to close the shop down anyway, The.

Speaker 21 (37:16):
Discussions there are totally confidential to counsel, but I think
you can see from Michael Brooks statement yesterday that it
wasn't commercially viable in the Warner Brothers discovery ecosystem in
New Zealand. So that did potentially put a bit of
a lens on it, but I wasn't in those discussions,
which are kept pretty tight between the legal teams.

Speaker 2 (37:33):
They would have to have believed that argument, because there's
no question there are fewer players in the market now
owning the New Zealand media.

Speaker 21 (37:40):
I think part of it is, obviously these are complementary assets. Yes,
we have sky Open, but where predominantly, as you know,
a pay provider, whereas Discovery in New Zealand is totally
free and we don't have a BVOD platform. So this
is really about complementary assets coming together, which is part
of the context that I think the ComCom would have
been looking at.

Speaker 2 (37:59):
How long have you and involved in the very real
prospect of owning it.

Speaker 21 (38:05):
The conversation sort of started late last year and then
as we started to look at the opportunity, confluence of
timing and events. So certainly the last month has been
incredibly intense. We only got to finalize the deal and
we announced the next morning, so yeah, it's been a
very busy time who called who? It's definitely just we're

(38:27):
in discussions with Warner Brothers all the time about content,
and I have my counterpart is based up in Singapore.
He and I have talked about is there something more
we could do in this market for a number of
years actually, but this is the timing is right?

Speaker 2 (38:40):
Your comments you say about Television New Zealand. I understand
your position, But Television New Zealand sports wise now are stuffed,
aren't they?

Speaker 4 (38:46):
No?

Speaker 21 (38:47):
I don't think so.

Speaker 2 (38:47):
How is it possible that you go to the Rugby Union,
for example, and go, well, we'll take some of the
all Blacks and we'll pop it on to TV three.
Oh hold on, no, we won't. We might sell it
to CV and Z.

Speaker 10 (38:57):
No, you're not.

Speaker 21 (38:58):
I think that the union is the owner of those rights.
So ultimately they've got a decision to make about where
they want to place some of the free toware rights.
It'll be in good discussion with us. But I still
think there's a really.

Speaker 2 (39:11):
I'm just I don't want to bag on TV and said,
but it just means, and this goes back to the
ComCom thing. You own a tremendous amount of very valuable
real estate now and you have a control over that.
And for some that's hard work now, isn't it.

Speaker 21 (39:25):
I mean TV and Z are TVNZ are still the
juggernaut though in this market sixty five percent advertising revenue share.
They have an immense audience. You know they are TV
one is a category of one on that front, so
I don't think you can discount that. And I think
where there are codes who have got big freeware obligations,
my expectation is that TVNZ will be building a very

(39:46):
good foot forward, particularly if they can fold in an
ability to enable a pay platform so they could do
things as events, and I think that's positive. I think
it's a more positive for the local media market.

Speaker 2 (39:59):
Equally.

Speaker 21 (40:00):
From my perspective, what I'm thrilled about is the opportunity
to make some awesome Kiwi stories good in partnership.

Speaker 2 (40:06):
The was it worth only a dollar? Would you have
paid real money for it or not?

Speaker 21 (40:12):
So, as you know, make something's worth a dollar, it
doesn't mean it's profitable. So you know there are going
to be Warner Brothers, Discovery will be filing their accounts.
Ever knows it's been a challenging time. The opportunity we
have with where the deal is structured is to turn
it into a profitable business alongside the SKYSS.

Speaker 2 (40:31):
So you believe they can be profitable or does it
need sky to make it profitable.

Speaker 21 (40:35):
It is a combination of our ability around procuring content
and particularly in the broadcast infrastructure that actually makes means
that we're uniquely placed to actually turn this into a
profitable But.

Speaker 2 (40:46):
The best advice I can offer you is if you
stick some snooker on TV three. Well, there's an idea.

Speaker 21 (40:54):
Make here is an idea.

Speaker 2 (40:55):
Appreciate your time very much. It is seven to twenty one.

Speaker 1 (41:00):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio power
by News Talk Sippy.

Speaker 7 (41:08):
Now.

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what do you reckon happen? You know at the button

(42:13):
meeting Willison, Hurrel, Nicola and Miles. Is it a meeting
that took on a hopeless amount of hype or was
it a sign that at times this government and Willison particular,
says stuff that makes them look like they're onto it
when perhaps they're not are the reality in these well
they meet regularly. Fonterra plays an outside's role in our economy,
and therefore it would be odd if they didn't. But

(42:35):
Nicola has this ponchean. Don't you think of saying stuff
that might lead you to believe she could produce an
oozy out of a handbag and blitz the room. She
has the banks, who she keeps telling us a people
we should not be locked in a dark room with.
She has the supermarkets, who, in her Cluseau type way,
suggest she's been ferresing about the aisles and has found
astardly deeds. Jacinda had the same predilection when she told

(42:57):
us the petrol companies were quote unquote fleecing us. It's
all good stuff for headlines and attention. Of course, it's
very good, good guy, bad guystuff. If hot air were
rocket fuel, she could have flun to the moon and
back six times. But is your butter any more affordable?
Of course not, And in that is the problem, not
with the price, but with Nicola. Wouldn't it be fantastic

(43:18):
if there was a scandal or a ripoff or some
highway robbery, wouldn't it be awesome if she could tie
a butter producer to a chair and water board them
until they screamed yes, yes, yes, it's true. The real
price is only three seventy six eight fifty Sadly you
know it. It's not gonna happen, And presumably as if
she needed it, Miles worked her through the calculations at

(43:38):
last night's meeting. We pay for butter the global price,
the irony being in this case that's actually good news
because dairy in general is booming and we need something
to boom for goodness sake. What we would like to
do versus what we have to do for good reason
are two separate things. That's why butter is the price
it is. The Real question for Nicola is how many meetings,

(44:01):
threats and finger waggles does she have to produce for
no change before someone calls her out for being a
lot of mouth and not a lot of trouser Cosking Mike,
I'd be interested to hear your view on Mikey Sherman
from TV and Z chasing Myles Hurrle outside Parliament. Frank,
I wasn't going to raise that until you did, but
you did, so I can't help myself.

Speaker 17 (44:20):
Off for Frank.

Speaker 2 (44:21):
Frank, why did you have to do that? Once again? Mikey,
who I kind of know but not really, is not
doing the profession any good. Miles isn't a criminal, Miles
isn't a shonky used car dealer. That and Mikey's not
a fair go reporter. You don't chase business people down
the street asking her bloke who doesn't set the buttter

(44:43):
price as though he's el capone. You simply talk to
a person politely and say, at the appropriate moment, is
it possible I could have a word, not berate him
as he tries to cross a wet Wellington street, yelling
and squawking at him. As the polit editor of the
state run broadcaster. I just wish in this industry for

(45:07):
better and I didn't see it. Sadly. Thanks for raising it, Frank.
Now you got me upset.

Speaker 1 (45:15):
New Zealand's voice of reason is Mike the mic asking
breakfast with a Vita, retirement, communities, life your Way news
togs Head been.

Speaker 2 (45:24):
A theme of Good News this morning. More good news
UPco who we've had on the program previously, look them up,
they're there. I couldn't for the life of me work
out why they ran into trouble. They're electric motorbikes, but
the electric motorbikes for the farm. They were for the military,
but that was part of the problem. The people who
were running the company were a bit squeamish about selling
stuff for the military. Australia Post has got a big

(45:47):
contract with them, and these sort of these sort of
cool looking electric bikes. Anyway, they fell over and I thought,
how is it possible you've fallen over. You've got modern tech,
they look good. There's got to be a demand for
all that sort of stuff. Anyway, it was announced yesterday
that they've done a deal. There's a bunch of players,
including Stephen Tindall, who have come to the rescue and
they're going to do a whole bunch of stuff that

(46:09):
are hopefully going to stabilize the company save a few jobs.
Are going to stay in Mount Munganui, which is where
they're based. I did go to the website yesterday and
if I got offer them as a very small amount
of business advice make navigation of the website a lot easier,
because I wanted to buy one and I couldn't, for
the life of me work out how to do it
in this country. They seem to be able to sell

(46:31):
me one if I'm in America or indeed anywhere in
the world, but they couldn't do it here.

Speaker 17 (46:36):
That's weird because nobody's more technologically savvy than you. Well,
well you can't figure it out?

Speaker 2 (46:40):
Who can precisely? And I asked chet GPT, I said,
how do I buy an UPco in New Zealand? And
it couldn't help me either. So anyway, clearly I'm not
technologically the greatest in the world. But nevertheless, I am
a person with enough money to buy an UPco, So
I think you'd be interested in selling me one. I
wish them wells.

Speaker 22 (47:01):
You look great on an aba around the estate precisely.
That's what I've go I've had to go one, have
you Yeah, yeah, yeah, it's good fun on your estate,
well on an estate adjacent to me.

Speaker 2 (47:13):
Did you go full throttle? And was the fifty k's
that goes thrilling or a bit?

Speaker 22 (47:19):
It was because I did try out the fifty k's
on relatively uneven terrain.

Speaker 2 (47:24):
And that was fun.

Speaker 17 (47:25):
Yeah, that was pretty good.

Speaker 10 (47:25):
Fun.

Speaker 2 (47:26):
Good on you? Okay, do you know how much they
are they've seen twelve or thirteen thousand dollars.

Speaker 17 (47:30):
If you can't work the website, there's no way I'm
going to be able to.

Speaker 2 (47:33):
Oh that's true. Okay. Twenty one minutes away from eight
new chapter for our health system. Today the board got sacked.
Lester Levey became the commissioner. He was charged with saving
money and tidying the place up. As of today, governance
Board returns with Lester's chair. I think that's how it works, Lester,
morning to you, morning mate, as an exercise of getting
rid of the hopeless, stabilizing the joint, and getting some

(47:55):
fresh blood. And how's that gone.

Speaker 20 (47:59):
Actually, it's been very challenging, Mike, but it's actually gone
very well. The organization is in much better shape. It's
more stable, more secure, we're financially on track, and we
have arrested the long run multi year decline in the
critical system level performance measures. So I think that it's

(48:19):
been difficult, challenging, but the outcome has been good and
we've got a very stable platform to move forward from.

Speaker 2 (48:25):
Did the voluminosity surprise you, yes.

Speaker 20 (48:30):
Yes, Well, I'll give you an indication. In a period
of the last twelve months, we would have had twelve
board meetings. We had seventy two commissioner meetings, the last
one is tonight, and fifty sorry, sixty nine turnaround meetings.
So we've had a work at a very high cadence
and workload in order to get through the volume. But

(48:50):
that was necessary.

Speaker 2 (48:52):
Is am I going to see this when Manee hurts
and I need a doctor or a nurse or an
operating theater.

Speaker 20 (49:00):
Well that's critical question. There has been a very long
run decline in a system level performance around waiting times,
immunization rates, productivity, and we have arrested that. So we've
stopped the decline and we've started the improvement. Just give
you us rough example, like immunization rates in December we're

(49:20):
seventy five percent than are eighty two percent, first time
they've been over eighty four years. But if we can
get an increase of seven percent like that in six
seven months and keep doing that, that's when people will
see the real impact. So I think it's during this
next twelve months that will get that to the level
that people will start seeing the impact. Because our whole

(49:41):
focus is on patient access and we're realistic we need
to get these to a level where it actually starts
making a discernible difference to patients.

Speaker 2 (49:50):
So you've got you guys, you've got an Infrastructure Committee,
and you've got a Crown observer as well. Is that
too many people?

Speaker 20 (49:58):
Well, it's it's different to what we used to do.
But I think that there's good people and I think
the Infrastructure Committee is a big help because we've got
to have the bandwidth to manage all their projects. There's
hundreds of them, and they will focus on the more
significant projects. There's really good established relationships between the people

(50:19):
who are working through this, So yeah, I think it's
going to work very well. The big issue is we
can't work at the cadence of a commissioner a system.
It won't be as agile as that, but we can't
work at the cadence of a typical board. We're going
to have to keep the cadence up in order to deliver.
Critical thing for me and the organization is we've reached
this point of turnaround, but we have got a lot

(50:42):
of work to do to devolve decision making and resources
close to the action, a lot of work to get
the clinicians fully involved in decision making, and most of all,
we have to get modern tools into the hands of
our workforce in order to do the work in the
best possible way. And I think the New Zealand health
system has drifted for some years and the technological advances

(51:06):
that are available elsewhere aren't all available yet, and so
we don't have those announcements right yet. But in the
next one or four months we have significant announcements about
modernization of digital and also technological innovation, which will be
great for our clinicians in particular.

Speaker 2 (51:22):
All I can do is wish you the very best, Lester,
and thank you for the work you've done so far.
Lester Leeby, who's the commissioner coming chairman? Commissioner now back
to chairman. And they seem slowly but surely Now it's
highly political, but they seem slowly but surely be getting there.
Seventeen away from eight tas getting riven news out of
Ireland this morning. Remember they had the Apple thing. In fact,

(51:43):
they didn't want the Apple thing. Europe took Apple to court,
Apple lost, Apple appeal, Apple lost again, and so in
essence they owed the Irish government and a fortune fourteen
billion euros. So let's make that twenty five twenty six billion.
New Zealand dollars. So the question this happened a couple
of months ago. The quest was what will aile and
do with that money? It was a windfall. They weren't

(52:03):
expecting it, They ironically didn't want it, but they had
to take it. So they've announced overnight that they're going
to beef up the country's National Development planned. Yes, they've
got an ENDP, a National development Plan and that's a
one hundred and twelve billion euro thing for infrastructure. So
they're going to put that money into housing, energy, water
and transport between twenty twenty six and twenty thirty. So
that seems wise investment to me.

Speaker 1 (52:23):
Sixteen two The Vike Asking Breakfast Full Show podcast on
iHeartRadio now ad By News Talks.

Speaker 2 (52:31):
That'd be Now, I'm more than happy to accept that
I'm a luddite, but you've got to, as a business,
understand that many of your customers will be luddites technically speaking.
So I've been flooded with emails, flooded with texts. You
can go to go to gardening slash collection slash ubco
Action Equipment Tower on the MIC, or to Pokey or

(52:52):
Hamilton will sell you an UPco ask dx mail they've
got some et cetera. So there's plenty of people have
got them. So what you need as a company is
to be able to direct me to those people in
a way that I understand. Therefore I can do business
because if you're stuck like me, the connections, you're not
joining the dots. Now I can ask you this question.
I was watching, by the way, I was watching yesterday

(53:13):
while I was on the bike, a very good podcast.
High Performance is the name of the podcast, and he
does quite good work. The bloke who does it, and
look him up and he's sort of interesting anyway, that
Carlos signs on for an hour, and Carlos signs you
know the story roughly. If you're an F one fan,
you've probably been in the weeds. But it's an hour
of him just explaining where he's been, what he's done,

(53:33):
how he's done it, why he's done it, how difficult
it was. It's more, it's not really about sport. It's
about performance. It's about mental attitude and success in life
and goals and you know all that stuff. So I
thoroughly recommend that. But the other thing I do when
I'm on my bike is I look at hotels as
in reviews, and I'm an av geek, and I look
at airline reviews and there's a huge industry on YouTube

(53:56):
these days of people who do this as a based
on the fact that they get subscribers and the subscribers
pay basically, so in other words, they don't go to
the hotel for free as a guest at the hotel,
and they don't fly the airline for free as a
guest of the airline, because I think that is gone.
And yet ironically, yesterday I reading stuff a review of

(54:17):
a French hotel, and I look to the end and
the woman who's written the review a New Zealander. She's
stayed there as a guest at the hotel, and I'm thinking, well,
what else is she going to say about the hotel
other than ah al, don't they fantastic? Right? And then
I read in the Herald yesterday your Ultimate Guide to
flying business class for the first time, and I looked
to the bottom of the article and what was the
woman doing. She's flying compliments and memorates who'd upgraded it

(54:39):
a business? Now what she going to go? I was
a bit ordinary, The service, food was a bit odd.
So I'm asking you this question. In a world where
there are people who will pay for this experience and
give you an honest review because they owe nobody anything,
therefore they've got some credibility. Is there still room left
in the media for people to take freebes and then

(55:02):
pretend that they're honest reviews. Whether they are or not.
Now they may well be honest reviews. I don't know,
but you never know. And that's the point. If somebody
gives you something for nothing, how can you possibly be
truthful about it when sometimes the truth needs to be told.
There's my question for you this morning.

Speaker 1 (55:17):
Tend to wait the mate Hosking Breakfast with a Vita
Retirement Communities News, togs.

Speaker 2 (55:23):
Head Bes Shiven away from it. I can't contain myself.
So it's hearing on the program tomorrow after eight, and
I'll let you in on a secret. I've already done it.
I did it last night because and the reason I'm
telling you this but now is I've been dying to
ask them about Coldplay. This is the biggest story in

(55:45):
the world if you think about it this way, that
it's gone everywhere. It's intergenerational, it's intercontinent, it's into country,
it's humorous, it's tragic, it's sad, it's entertainment, it's news,
it's legals, it's jobs, it's lives, it's seckings, it's upheaval.
It is the biggest story in the world. And Chris Martin,

(56:06):
I feel, has not done his job as the person
who is at least in part responsible for the carnage
that's ensued. And so I thought last night, I'm going
to ask goldiad about this until the person who sits
up the interviews guys, just before you start my no
questions about jumbo tron or Chris Martin, please stuff there.

(56:29):
And so we asked, like kiss Cam, yeah, do you
run it. You've got a jumbo tron.

Speaker 23 (56:34):
We've never done it, but there. You know, I think
that all shows are different, like my show is very different,
be guns In the show and the Coldplay show and
the Taylor Show, and I think that that's what makes
stadium shows great. And yeah, it's that's been part of
their show since the beginning. It's just now it is

(56:54):
obviously international news for you know, something that I feel
like lots of lots of people go through and I
wouldn't say it's any like I doesn't I don't it.

Speaker 2 (57:07):
No, I mean, I mean, let's be honest. I mean
I feel bad for them. I feel really bad for them.
I almost think it's an invasion of privacy. I mean,
I know, you're at a show, and I get all
of that, but at some point, destroying somebody's life, you know,
I mean, you've got to feel about You got to
feel bad about that, don't you. Yeah, I definitely.

Speaker 23 (57:24):
I don't like the way that it's unfolding. And I
think everyone just has to remember that there's like children
involved in families.

Speaker 2 (57:33):
And yeah, exactly he's right, isn't he? And he and
this is why we all love Edgeheran he's done what
Chris Martin should have. And all Chris Martin did was
front up at the next concert and go just in
case anyone's here, And he tried to be a smart
ass about it. And there's a line to be drawn
between the fun and the frivolity of where that story

(57:56):
was at at the very beginning of it, and the
and just as he'd sharing quite rightly pointed out, and
you don't need too much brain power to work it through.
Just imagine the impact on those people around the individuals
concerned and anyway, there was more where that came from tomorrow.
It was a very good interview. If I can review myself,

(58:19):
which I am, it was a very good interview. I
thoroughly enjoyed it. And what I was saying to Katie
last night was we first interviewed and when did we
first interview? In what I'm saying, eight nineteen years ago?
And I did him and it was on me years
ago something like that, and he was dreadful talent. He
used to be. He was shy, introspective, he had nothing

(58:40):
particular to say, and I thought, but he was still
a big noise and you're thinking, it's a very difficult
position to be and when you interview somebody who's a
big deal but they're not actually very good talent. But
he's come out of himself in recent years and he's
a very very likable, enjoyable, engaging person. And we had
a wonderful time. The other thing I aske him about,
by the ways, Chris Hemsworth, Now this is worth noting.

(59:03):
It's not out till next month, but Himsworth and Shearon
have done a thing that I'll tell you about tomorrow.
That and Himsworth's show which is called Limitless, that's well
worth watching. If you want to improve yourself, advance your life,
be a better person. Limitless as well worth watching. But
what Sheeron and Hymsworth have done is brilliant, So we

(59:23):
talk about that on the program tomorrow as well. I
don't think it's exactly any invi Less Now, don't worry
about listening to news.

Speaker 4 (59:30):
Is next.

Speaker 1 (59:32):
Mike Coskame Instateful, engaging and vital, The Mike Hosking Breakfast
with the land Rover Discovery, never stop discovering news, Tog said, be.

Speaker 24 (59:44):
To me in the park and.

Speaker 19 (59:47):
Me be and read.

Speaker 2 (59:49):
So she's got whether you like country music or not,
she's got instant vocal credibility, hasn't it. Angel? I mean,
there's no question this woman knows how to sing and
she knows what he's doing. Priscia Yearwood. The new album
is called The Mirror. My next question, You've got a
television program which I love. I watch a lot of

(01:00:09):
Tricia's Southern Kitchen. She's got some awesome recipes. But let
me ask you this question. So you're a successful television
host of Tricia's Southern Kitchen, and you've got a new
album out, and you're married to Garth, and Garth's moderately
successful at what he does as well. Why then, would
you build friends in low places? Barren honky Tonk, which

(01:00:34):
is a multi story club in the lower rural Bay
area of Natura, Why would you open a restaurant for
what possible purpose? Would you go? You're busy, you're flat out,
you're making music, You've got a family, and you go,
shall we open a restaurant? And who needs that?

Speaker 17 (01:00:49):
Well, it's an a club, So maybe it's a foster
new talent.

Speaker 2 (01:00:53):
Not a bad point one, because who do we have
on the other day? Country music? The country music I
was on the other day? He hit a bar. Jason Noldan,
he's opened a bar as well. Maybe that's what you
do in Nashville.

Speaker 17 (01:01:06):
Or is it just that you love going to a
barrens and not having to pay for your drinks?

Speaker 2 (01:01:09):
Maybe Trusty a year would went to Jason Noldan's bar
and went, hell, how come I Garth? How come I
don't have it? Jack Garth, how come we don't have
a bar? They're quite in cloud.

Speaker 22 (01:01:19):
I think I think she's American. I don't think she's Pakistani. Sorry,
there are quite a lot of songs about drinking on
this album.

Speaker 2 (01:01:24):
By the way, are they bringing in the angels the
wall or the other way over? Little lady? Where are
these songs? What are you talking about?

Speaker 10 (01:01:33):
There is?

Speaker 17 (01:01:33):
There is at least two songs about drinking on that album.

Speaker 2 (01:01:36):
See how I catch going out every time? He made
so much fake news on the show. It's unbelieve it's
getting embarrassing in the amount of pa ship and fake news.
Fifteen tracks, forty nine minutes. Let's do a little bit
of politics Mike Mitchell and Ginny Anderson and with us.

Speaker 24 (01:01:55):
Good morning you too, Good morning Mike, morning Ginny, and
welcome beat Mike.

Speaker 25 (01:01:59):
Thank you, good morning. I hope you had a nice brain.

Speaker 3 (01:02:02):
I did.

Speaker 2 (01:02:02):
I had a reason. You don't sound like you mean it, Jenny.
I had a nice brain.

Speaker 25 (01:02:07):
I just kind of get it, and I did. Hope
you did go away.

Speaker 2 (01:02:11):
No, no, no, no, no. You don't have to ask supplementaries, Jenny,
just because you've been called out of it.

Speaker 6 (01:02:16):
No.

Speaker 2 (01:02:17):
I didn't go away, and this will help you, Jenny.
I didn't go away because of the cost of living crisis,
because I'm too busy paying for the butter.

Speaker 25 (01:02:25):
Oh my goodness, really couldn't get a stay cation stay home.

Speaker 2 (01:02:29):
Yes it was a staycation, but I am I've put
some good infrastructure into my country property, did you good? Well?

Speaker 24 (01:02:38):
Cutting back on dairy mate has been good for you
because you've come back fired up.

Speaker 3 (01:02:42):
There's no doubt about that.

Speaker 2 (01:02:43):
That is true. I've never sounded better. I talked to
myself last night. I said, you never sound a bit
of Michael, and I agreed with myself. Anyway, Can I
just compliment you Mark funnily enough? And you could have
a word with Luxo about this. When you got out
of the helicopter the other day when you went down
to Nelson, you had a good pair of chinos on
a contrasting pair of chinos, and you had a backpack,

(01:03:04):
and you look like a bloke, And you look like
a bloke he'd been to a few emergency scenes and
he might be there for the night, whereas Luxo looked
like a guy who didn't leave the city all that much.
And he had some rim Williams on and they're a
bit shiny, you know what I mean. You've got to
look the part when you turn up at the appropriate locations.
Am I rid right?

Speaker 6 (01:03:22):
No?

Speaker 3 (01:03:23):
He's not interested in what he looks like. He's interested
in getting on the ground.

Speaker 24 (01:03:26):
Since I've been Emergency Management Minister, he has been out
on the ground at every just about every major emergency
that we've had and with it, without a doubt, the
people of Tesmond were suffering. And by the way, they
might just to highlight that he was there just at
the right time. Because we go through the response, everyone's
full of adrenaline. It's when the response is over the
adrenaline's gone and.

Speaker 3 (01:03:46):
People look and see what they have to deal with.
That's when you've got to be there to reassure the state.

Speaker 2 (01:03:50):
Look, we can get through this, good point. Have you
heard are you at Parliament this morning, Jinny?

Speaker 25 (01:03:54):
Yes, I am at my discomponent.

Speaker 2 (01:03:56):
Have you heard any whispers about what happened at the
bar to meeting?

Speaker 4 (01:04:01):
Not?

Speaker 8 (01:04:02):
No, I have not, No, I did not.

Speaker 25 (01:04:07):
I did watch the TV one story and.

Speaker 2 (01:04:10):
That was shocking, wasn't it?

Speaker 6 (01:04:12):
Yeah?

Speaker 3 (01:04:12):
I thought it was.

Speaker 2 (01:04:13):
But mean, that's yeah, that he's Miles Hurrel is not
a crook or responsible for the price of your butter directly,
and he doesn't need to be harangued down the street,
does he.

Speaker 25 (01:04:25):
Well, there are fair questions that people want to know
the answers.

Speaker 13 (01:04:30):
The right way.

Speaker 25 (01:04:31):
Yeah, I'm agreeing with you. I don't think it was
quite the right thing. I mean, he had several meetings
with different parties, and I think people are really interested
to know what's in behind some of those prices. But
it's not it's not just butter. I mean it's it
was when we had a yarn with him, it was
about also, particularly in those Asian markets. It's it's protein
rich foods like milk as wella are really in high demand.

(01:04:54):
While that's a that's a good thing for our overall economy,
it also hurts people who are trying to just buy
foods kind of cutting.

Speaker 3 (01:05:04):
I didn't see the one news report, but what was it.

Speaker 2 (01:05:06):
Mar's horrible is a good god, he's a great guy.
Mikey Sherman, who's the political editor, sort of tried to
doorstop and while he was actually walking and sort of
treated him like he'd done a ram raid. And the
guy's just there for a meeting and she's going and
is it too expensive? It's butter too expensive? But too
expensive and it's just like he's just walking down the street.

Speaker 24 (01:05:28):
I tell you what, he's got his shoulders to the
wheel in terms of promoting US as a country and
get our products out there.

Speaker 3 (01:05:34):
And I mean I personally think he does a great job.

Speaker 2 (01:05:37):
I think he's done a magnificent job. And he's another
example of why Tao Spearings was a disaster and he
should have been there all along. Can you explain to
me were you and the butter meeting, Ginny?

Speaker 25 (01:05:49):
We were one of the groups that met with a
mess right, so do.

Speaker 2 (01:05:52):
You understand how butter is priced? And therefore there's no
scandal here at the end of as much as you
would like to make it into a scandal, there is
no scandal here. We sell to the world in the
US is the price.

Speaker 25 (01:06:01):
But the problem we have, Mike is it's not just butter.
It's the price of electricity, other folk groups and cause
costs as well, things like rates and insurance. It's all
of those things, not just butter.

Speaker 2 (01:06:11):
They travel with that. And this is where Hipkinson's question
yesterday comes in. The price of electricity is not the
government's fault and the cost of rates is not the
government's fault, and so what are the government is supposed
to do?

Speaker 12 (01:06:23):
Well?

Speaker 25 (01:06:23):
I would debate that k Kenning water infrastructure projects across
New Zealand has resulted in rates increasing. So I would
say that that one is the government's fault. We had
a plan in place to fix water infrastructure would have
kept rates lower. They threw that out and the cost
of that is rates going up for you.

Speaker 2 (01:06:40):
Okay, we'll take a break mark. You can never say
in a moment. Fourteen past Yeah.

Speaker 1 (01:06:44):
The Mic Asking Breakfast Full Show podcast on iHeartRadio, cow
It by News talks.

Speaker 2 (01:06:49):
It Balks sixteen Past Night, Jimmy Anderson, Mark Mitchell with
us Marke Sorry, you were going to say, you want
to say something about the electricity cost. I mean, you've
got to cap these councils for start, because that there
are control and this is inflationary.

Speaker 24 (01:07:02):
Yeah, and just get them focused back on their core role.
So you know, that is critically important, and Solomon Watts
is doing some work around that, and I'll be having
some input on that too, especially on the emergency management
side of it, because I've been working with, you know,
a lot of the councils around the country and certainly
see the good things that are happening, but have also
identified where there's efficiencies that have been gained as well.
But look at the end of the day on the

(01:07:24):
economy is that you know that we've got it. We
had a mountain of debt, interest rates were extremely high,
and inflation was high, and under this government we've brought
all of those things down. What's difficult, we've got there
are some leavers that the government can pull and we
are using. We're doing everything that we can to do that,
and there's some leavers that we don't control.

Speaker 2 (01:07:42):
What's interesting about that, though, Mark is the pole that
came out yesterday, and so the question is the country
going in the right direction and the majority of people
fifty one percent just say no. Now, politically that doesn't
play well for you. If you accept your argument, I
get it. But the politics may well be different. They
may well be labor may well be you. Hepkin stands
up and goes, look at the price of tomatoes, Look
at the price of butter, Look at the price. And

(01:08:04):
everyone goes, yeah, exactly, you're in trouble.

Speaker 24 (01:08:08):
Well, I mean, we knew that it was going to
be tough, you know, we didn't take the job on
knowing it was going to be easy.

Speaker 3 (01:08:12):
And this is the setting to him around from me.
I was in the last National Gum til we get
to do executly the same thing we had to come.

Speaker 24 (01:08:17):
And clean up the economy and get moving again, where
this time has been harder because we had more debt
and infistrates for higher inflation side.

Speaker 3 (01:08:25):
But we are moving in the right direction.

Speaker 24 (01:08:27):
We're fully focused on growth and you know we've we've
been relentless and how we approached it.

Speaker 2 (01:08:33):
Just being and if you can clear up your signal, yeah, sorry,
dream in the shower or something.

Speaker 25 (01:08:39):
Well, I think the problem we've got. The problem we've
got is that Christopher Luxon promised to make the cost
of look better, so we went out in an election
campaign and really upsold the fact that the cost of
living relief would be coming. So I think your keywis
are simple in the sense that if they've been promised something,
they're expecting to see that. And we're a fear way
into this government now and people are still hurting. So

(01:09:01):
I think that's the problem.

Speaker 2 (01:09:02):
That it's an interesting, interesting eighteen months.

Speaker 24 (01:09:05):
We're eighteen months and after six years of a labor
government that put us in the situation that we are in.

Speaker 3 (01:09:10):
We inherited this issue.

Speaker 24 (01:09:12):
We're working really hard and by the way it's gone on,
no I just I just want to correct you on that.
One is that when you're in government, inflation was at
seven plus percent, and it was there for way too long.
We've now got it down to two point seven. When
you're in government, interest rates people were almost having to
double what they're paying on their mortgages.

Speaker 3 (01:09:29):
All right, So now we're now rejecting that.

Speaker 2 (01:09:32):
Okay, fair enough, Quick question for you, Jinny. Come. I
keep wanting to call a Karmela Camilla Balach and her her,
let's all talk about our.

Speaker 25 (01:09:41):
Pay and income bill, is Markel said, doesn't he?

Speaker 2 (01:09:45):
Well, the NATS are on board. What what what's the
point given that everyone's just going to hate everyone.

Speaker 25 (01:09:51):
I did read your piece on it, and then I thought,
of there's patransparency in your workplace. You'd have to make
your own coffee and definitely make your own cheese toasty,
because that would be dangerous indeed. So but I think
the point that is you don't have to tell everyone.
It just means that your boss can't stop you from
telling people.

Speaker 2 (01:10:10):
Yeah, but I think, but beyond that, what is it
going to achieve? Because you know how people are. The
moment I find out that you're earning more than I
am I hate you and you hate me and it's
a bitch session. So beyond that as a piece of law,
what does it achieve.

Speaker 25 (01:10:24):
It means that it helps address unfairness in the workplace. Yeah,
but so fairness, well, I mean I've been in a
situation where I've had say five years more experience, a
better qualification, and you find out that someone else is
getting paid more than you when you feel like you're
doing the same work all or great event. And so
those pay gig clauses mean that it means you can't

(01:10:49):
just find out where you're at. So more transparency means unfairness, discrimination,
even long standing sort of gender gaps along those areas.
And I think that's when supporting they took a head
on pay equity, and so this is why are.

Speaker 2 (01:11:05):
You supporting it, Mark, because I can't work it out.

Speaker 24 (01:11:08):
To be honest with you and what they're engaged in
this isolio. I think as long as it's not compulsory,
I think that's that's important.

Speaker 2 (01:11:20):
You want to put your chinos on and grab a
backpack and bugger off to situation.

Speaker 3 (01:11:24):
No, no, no, we need a break. We need a
break from the from the weather stuff. I think the
Old Country does. But yeah, as long as not compulsory.

Speaker 2 (01:11:31):
Who would have who would have made the decision? How
does the party who would have made the decision to go, Yep,
we'll we'll back that.

Speaker 24 (01:11:36):
Who decides, Well, ultimately it's a it'll be a caucus decision,
but of course it will be the portfolio holder.

Speaker 2 (01:11:44):
What was it for portfolio? Who's what? What's what's Camilla's portfolio?
What's under what? Specific?

Speaker 3 (01:11:53):
That's probably that's probably.

Speaker 2 (01:11:56):
How is supporting this?

Speaker 25 (01:11:58):
Which is not? That's any national So when New Zealand
first and at aren't supporting it, but national are, so
that indicates that they felt they took a hit on
pay equity, that people were angry about that. So this
is some kind of appeasement towards them.

Speaker 24 (01:12:11):
Well, well, it's weird that you call in your own
bill and appiecement. Either you back it or you don't.

Speaker 25 (01:12:15):
But now I'm saying you are appeasing pay the fact
that you voted down to pay equity, and it's weird.

Speaker 2 (01:12:21):
Can you can you mark find out just who changed
your mind? Well, you know who decided national this is
the thing, because I just think it's weird. Jenny, real
quick the by election in Tom McKee Mikado. How intense
do you think the battle will be? Is this a
genuine contest? Do you reckon?

Speaker 3 (01:12:36):
Oh?

Speaker 25 (01:12:37):
It definitely is a genuine content contest. And penaking that
day is excellent and he's working incredibly hard, So no
doubt about it. It's going to be It's going to
be a real contest in a tough fight.

Speaker 2 (01:12:46):
You think people were much in it?

Speaker 25 (01:12:49):
Well by elections are always harder to engage people. We
know that, but we know how to also go door
to door, to go out and talk to people and
to motivate them to get out and vote, and we'll
be doing.

Speaker 2 (01:12:59):
A very Judith Collins is the answer. Mark Public Services
is what it comes under. I got a motor eight
twenty three, Thank the.

Speaker 1 (01:13:07):
Mic asking Breakfast with the land Rover, Discovery News, togs.

Speaker 2 (01:13:11):
V question, as a manager or business owner, where do
you go for advice for tricky people problems?

Speaker 10 (01:13:16):
Oh?

Speaker 2 (01:13:16):
Chat GPT good place to start, But who's to say
that information is accurate? And where is it's sourcing those
answers from anyway? So how about an HR consultant or
a lawyer. Well, the time spent answering those questions will
add up very very quickly and hit you where it
hurts most and you know where, or or you could
simply ignore the problem. I hope it goes away. Not
a great option either. So this is where my HR
comes and remember the name my HR. They truly get

(01:13:39):
qesmb all in one HR platform. It handles all your
day to day performance management. You leave your hiring functions
a whole lot plus backed by on call support from
real HR advisors that are always available when you need
to answer those tricky questions. So you struggling with poor
employee performance, if you're unsure, if you're calculating the holiday
pay ride or any of the other HR related issues
under the sun, get in touch with the good folks

(01:14:00):
at my HR. So here's where you go. My HR
dot works. That is my mosking, that is my HR
dot works. Mike, when will we get Tamar's report on
the alleged rot into the last Tammicky mccaro election before
this one? keV, you're confusing your investigations there. We have
multiple investigations. But I'll come back and explain it all

(01:14:23):
for you shortly after the news, which is next, and
then we will go to Australia and the great Stephen
Price here at News Talk.

Speaker 1 (01:14:28):
SEB, News opinion and everything in between. The Mike Hosking
break best with Bailey's real estate altogether better across residential, commercial,
and rural news talks head B.

Speaker 2 (01:14:42):
If you come back to the Kev's text, where when
will we get Tamar's report on the alleged rot excuse
me and the Tummicky mccaro election before the two separate
things keep one tama Po Tarka is after the oraung
a Tamariki report. The oung Tamariki report involved them hiring
talma Et to try and allegedly electioneer people into the

(01:15:04):
Maori roll, and at the same time there was a
Tamariki money went to the Pacific Rugby super Rugby.

Speaker 17 (01:15:11):
You mean it gets very good fast, so.

Speaker 2 (01:15:15):
I've kibbed. That's quite right. So even more Bangora, you're
quite You're quite right, my sincere apologies. The election thing
is that the Serious Fraud Office, so the police were
looking into it. That's now the Serious broad Office has
been for I would say, what would it be a
month plus well over a month or now?

Speaker 17 (01:15:30):
So who who can tell me how I can apply
for some fun at Aura funding.

Speaker 2 (01:15:35):
Kibken kiv Can kip Can twenty two minutes away from nine.

Speaker 15 (01:15:40):
International correspondence with ends in eye insurance, peace of mind
for New Zealand business in Australi we go.

Speaker 2 (01:15:46):
Stephen, A very good morning to you. Now this business
of the superfund and the super tax, I'm reading a
very good piece this morning that it's it's some researchers
coming out from a think tank I think today around
tax and around changes, and they're suggesting that Australia, unless
you get your act together and fairly quickly, Australia risks
becoming quote unquote a welfare state without spending and productivity fixes.

(01:16:11):
And this dovetails into yesterday in the opening of Parliament
and Albanisi and the poll that came out that says
that Australia really, although electing alban easy with vast numbers,
is not in for major upheaval in terms of policy
and tax and all of that. So where are we at?

Speaker 10 (01:16:28):
Yeah, that sounds right. I mean, this superannuation tax is
something that's sat in the Parliament for two years, flared
up again during the election campaign, a lot of critics
of it. Basically, what everyone's upset about is anyone who's
got a fun that has more than three million dollars
in it, and that sounds generous, I know will be
taxed if this law goes through unrealized profits. So say

(01:16:48):
you've got three and a half million on the five
hundred thousand over three if you're making profits on shares
that you might hold, or worse, if you are a
farm and a farmer has his in a super fund
and that farm makes a profit, normally everything over the
three would be taxed at a rate of fifteen percent.

(01:17:10):
Now huge funds has come out today and I'm suspicious
of this. It's called host Plus. It's got one point
eight million members. Mainly these super funds are industry funds
with union members as members. They've come out and said, look,
there's not been enough consultation, we need to reconsider this,
and Jim Chalmers, you need to have another think about it. Now.

(01:17:30):
This fund includes on the board the former United Workers'
Union State Secretary bo called Gary Bollock and the ex
Prime Minister Kevin Rudds daughter Jessica Rutt. Now I suspect
that charmers in the back channel has got this super
fund to come out and criticize his own super tax

(01:17:52):
in a bit to get the conversation back up and
rolling to allow him to roll it back. Am I
being cynical? Am I being a little suspicious? Yes? I am,
But that's what it's to me. Is written all over that.

Speaker 2 (01:18:03):
Let me quote you the poll from yesterday. This is
regards the tax system. Thirty six percent believe the government
should use its majority for major reform. Thirty two percent
are oppose to that. Thirty two percent don't know. Not
a lot of support for changing the base around GST.
So what do you reckon the vibe? Is a people
up for much or not?

Speaker 10 (01:18:23):
I think people would wear a GST increase. I mean,
it's difficult that the states's got to all agree and
the federal government, and to get all the states and
the federal government to ground anything's the most impossible. But
I think people would prefer a simple explanation of why
we need to we're broke, we need to get productivity
up and running, and we need to get people to

(01:18:44):
pay more tax But people don't want more personal taxes.
The states are whacking them hard enough as it is,
and so what they would prefer, I believe, is to
have a slight increase on the GST and cut a
number of other fringe taxes and get them out of
their lives, out with.

Speaker 2 (01:19:00):
The calm games.

Speaker 10 (01:19:01):
Oh my god, Harold Zun's got this story this morning.
Ever heard of Gout Gout Oh the runner, Yes, fastest
man in the world. They say he could be the
best ever. He's going to run up the twenty twenty
six Conwath Games in Glasgow. This guy is a genuine
Olympic chance for gold when it gets to Brisbane. He's

(01:19:24):
only sixteen years old. He's a running sensation. Gout's management
has confirmed her race in the one hundred meters in Glasgow.
Now remember who was funding the Glasgow Games. Victoria has
spent three hundred million getting out of running the games.
Can you imagine what it would have been like having
Goutgout run around the mcg and the one hundred meters

(01:19:45):
of the Coonwak Games next year. It's not only that
it gets even worse. You are talking about Australian swimmers,
people like Ariane and Tipmas. I mean they are just superstars. Well,
they're going to go up against Canadians swimming Super Summer
Macintosh and it's going to be billed the guns as
one of the most exciting ever in history of the

(01:20:07):
Commonwealth Games.

Speaker 2 (01:20:08):
It's all for today, Oh Dan Andrews.

Speaker 10 (01:20:12):
Good on you, mate.

Speaker 2 (01:20:13):
I mean, you know what, seriously, what a political genius
Melbourne University, which my daughter, by the way, still speaks
very highly of. I haven't quite worked out why she's
doing well in life, so I'm assuming that's the reason.
But hiring a vape polic well, yeah it is. But
they're hiring a vape policeman.

Speaker 10 (01:20:31):
So I mean, well, you know university, so Parkville is
where it is at. As you know, this person is
going to be paid one hundred thousand dollars a year.
The ad was up yesterday. It's the role of Vaping
Prevention Project Officer. The candidate will, I'm reading from the ad,
lead Parkville University's impactful vaping Prevention project, which will make

(01:20:54):
a lasting impact on student help. It will include creating
a vaping prevention plan, delivering rip shops, and promoting anti
vaping campaigns to students. As if they're going to listen
to that. The ad goes on to say, I might
apply for this. Actually, you'll lead a groundbreaking initiative to
address vaping among unique students. Your role will be crucial

(01:21:14):
in shaping healthier campus environments and contributing to impactful research
on vaping prevention strategies. How's that for a job?

Speaker 2 (01:21:21):
Fantastic? All right, mate, you're on Friday, so I look
forward to your company. This deprice out of Australia. That report,
by the way, which is coming out today, talks about
GDP growth in Australia being subdued. It's the Center for
Independent Studies productivity and economic growth being affected by overall
government spending. And they give some numbers. These are for
all the New Zealanders looking to scarper, thinking that Australia

(01:21:41):
is the land of milk and honey. Spending by all
levels of governments has increased from about thirty four to
thirty five percent of GDP in the late nineties to
two thousand and eight. It's now between thirty eight and
thirty nine percent and growing. Now listen to this and
see it applies, they argue to them, but also to us.
It has created all of this largess created a formidable

(01:22:01):
block of people who are reliant on government expenditure opposed
to restraint. The honeymoon of debt funded large es is over.
Without a determined reset of expectation, Australia risks sliding into
a European style welfare state. And there they go, and

(01:22:21):
there we go as well. I sixteen to two, The
Asking Breakfast Full Show podcast on iHeartRadio powered by News
Talks at B thirteen away from nine. I won't bore
you with a fine detail. But Trump had to go
at Obama. It's all part of this idea that we
need to distract you from Epstein. And so he was

(01:22:41):
banging on about Obarma and what a crook Obama was,
and now he's going to chase a barmar. He should
have put Clinton in jail, as in Hillary, but he didn't,
and now he's going to try and put Obamara in jail.
He was off and running about that, and then he
was talking about the office. He was sitting there with
the President of at the Philippines, Marcos, in the office,
and he was going, Obama was here and he was
doing this, and he was doing that, and then all
of a sudden he did this.

Speaker 4 (01:23:01):
This is much more beautiful than it was then. But
that's okay. I have nice pictures up. They came out
of the vaults. They were in there for one hundred years.
This is much more beautiful. We have the Declaration of
Independence now in the room, which wasn't here. I guess
people didn't feel too good about putting.

Speaker 2 (01:23:18):
It here, but I do I knew anyway, he went
on about magnets. Now, I mentioned earlier on the export
of magnets. This is rare earths. So Johina's got a
stranglehold of rare earth magnets, and Germany's the biggest buyer
of magnets in the world. But in the last month
the importation of magnets to America has gone up six
hundred and sixty percent. So you need it for all

(01:23:40):
sorts of things like microscopes and also electric cars. So
so Trump was on, he was on the magnets.

Speaker 4 (01:23:44):
I don't mind if he gets along with China, because
we're getting along with China very well. We have a
very good relationship in fact, the magnets, which is a
little complex piece of materials. But the magnets are coming out,
you know very well, where they're sending them in record numbers.
That we're getting along with China very well. And I
don't mind if the president dealt with you know, if

(01:24:08):
that's meant because I think he has to do what's
right for his country. I've always said, you know, make
the Philippines great again, do whatever.

Speaker 10 (01:24:14):
You need to do.

Speaker 2 (01:24:15):
Say I've always said, make the Philippines the way saying Mepper.
He did announce that they had struck a deal Indonesia.
They announced the deal the other day at nineteen percent
on tariffs. He's also done the same thing with the
Philippines at nineteen percent. So he's got a beautiful office.
He's going to put Obama in jail. There will be

(01:24:36):
no votes on Epstein and the Philippines is great again.

Speaker 17 (01:24:40):
Magnets and the magnets like those that are pretty complex.

Speaker 2 (01:24:44):
Those magnets, they're they're just flying off the shelf.

Speaker 1 (01:24:47):
Ten to nine the Mike Hosking Breakfast with Bailey's Real
Estate News Dogs.

Speaker 10 (01:24:52):
They'd be for id is.

Speaker 2 (01:24:53):
Running Milford Asset Management. They've taken out the consuming New
Zealand People's Choice Awards with the Kiwi Saber for their
Milford Kiwi Saber plan. And we've got more because morning
Star's latest independent survey and you can find that if
you want at Morningstar dot com dot au. Now that
shows at Milford has had the number one performing qwsaber
funds in the growth, balanced and conservative categories for returns

(01:25:13):
over the past ten years. So all of us down
to Milford's expert team obviously in their active approach to investing,
So get into it. Why wouldn't you switch to Milford
for your keywsaber account? Just takes minutes, literally, you jump online.
You've got to have a photo ID and an IRD
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performance of course not a reliable indicator of future performance.
And Milford Funds Limited is the issuer of the Milford

(01:25:34):
qwsaber Plan. You can read the Milford Kewisaber Plan product
disclosure statement that's at Milford Asset dot com. And before investing,
you may wish to seek financial advice for more information
on Milford's advice services and to see that financial advice
provider disclosure statement. Then you visit Milford Asset dot com
slash Getting Dash Advice, So that is Milford Asset dot
com slash Getting Dash Advice.

Speaker 10 (01:25:59):
Asking.

Speaker 2 (01:26:00):
By the way, Edsurant, as I mentioned on the program
tomorrow and he gave me last night when I did
the interview ahead of tomorrow, said do you want some tickets?
What's that effect? I said sure, read why not? And
I said not for me, because then I'll be like
those reviewers who fly on planes and go to hotels

(01:26:20):
and go, oh, ED was the greatest concert in the world,
and they'll go, oh, did you pay for the tickets?
I'll go no, Ed gave them to me and go, well,
of course you'd say that, and so I'm not like that,
but I'll give them to you if you want them.
So this is the big loop to it. He's here
at Auckland, Wellington christ Church in jan of next year.
Tickets aren't on sale till next Tuesday unless you know Ed.
So we do as it turns out. So go to

(01:26:42):
the Mike Hosking Breakfast Facebook page and Insta for some
details and we're going to draw the winners on Friday.

Speaker 17 (01:26:50):
Can I have some tickets? If I promised to say
the concert was crap?

Speaker 2 (01:26:54):
No, you cannot. You can come to my box. Actually
no you can't. I'm intes away from nine.

Speaker 1 (01:27:01):
Trending now with Chemist ware House great savings every day.

Speaker 2 (01:27:06):
Right, let me tell you about poor old Howard before
we go. Howard's in court and so Howard ran out
of money in retirement. He figured the best way to
earn some money was to become a spy for Russia.
So issue wasn't actually a spy. He'd never done any
intelligence work before, he hadn't done any training. He did
fill out a couple of MI five application forms back
in twenty fourteen, another one twenty twenty four but they
didn't go anywhere because he doesn't have a university degree.

(01:27:28):
That probably won't come as a surprise anyway. The whole
thing's fallen apart because he met what he thought were
Russians and he was giving them the address and landline
of his local MP, who happens to be a guy
called Grant. Now Grant also happens to be the Defense Secretary,
so you're not supposed to do that sort of stuff. Now.
The problem for Howard was these guys he was meeting
weren't Russians. They turned out to be MI I five

(01:27:50):
under cover. And this all played out in court. What
do you know about the Secretary of Defense in the
United Kingdom. I do not want, and cannot, for myself,
go back into the norm nine to five office.

Speaker 11 (01:28:09):
It's not for me, It never was for me.

Speaker 18 (01:28:11):
But I did it.

Speaker 12 (01:28:13):
I feel that over many, many years, there's been a
lot of discredit accorded towards Russia.

Speaker 2 (01:28:20):
And I think a lot of it is absolutely rubbish.
I don't want to have to rely on having to
go back to work now. If I am financially independent
of the UK, then I don't have to be part
of it in any way. You can see his playing,
can't you. He's a genius. Anyway, The jury, upon hearing that,

(01:28:44):
decided that he's also a plunker, so they found him
guilty of assisting what do you believe to be the
Russian intelligence agents. But he's in breach of the National
Security Actor. And what will happen is he will go
to jail.

Speaker 17 (01:28:56):
All for just because he wanted to work from home,
basically exactly.

Speaker 2 (01:28:59):
So he will be home a new home, and it
won't be a four day week.

Speaker 17 (01:29:05):
I mean, he won't be going back to work. That
is true.

Speaker 10 (01:29:07):
That is true.

Speaker 2 (01:29:07):
He will not be working. He will be on his
majesty or his majesty's pleasure. Back tomorrow morning from six
along with Edge hearing Happy Days.

Speaker 1 (01:29:22):
For more from the Mic, Asking Breakfast, listen live to
news talks. It'd be from six am weekdays or follow
the podcast on iHeartRadio

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