Full Show Podcast: 23 June 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
New Zealand's voice of reason is Mike the mic Hosking
Breakfast with Bailey's Real Estate doing real estate differently since
nineteen seventy three, News Togs Dad be only welcome to.

Speaker 2 (00:11):
Day to Higher Minister on Iran and where it all
goes the claiming the script NATO and where it all goes.
Another massive industrial development has been announced, good for New Zealand.
Ink will give you the details. The lads do the
sport after right Richard Arnold, Steve Price their top shelf
as well.

Speaker 3 (00:26):
Husky.

Speaker 2 (00:27):
It is seven past six. Welcome to the week. ACC.
If you didn't know, it's in some fiscal trouble again,
this isn't new. ACC has been in trouble for many,
many years. Last year one point six million of us
managed to do something to ourselves which involved money four
and a half billion dollars worth. That's just rehab by
the way, four and a half billion. The total bill
is seven billion dollars. It's an astonishing amount of money.

(00:47):
And the problem is what we pay doesn't cover what
goes out. ACC run a scheme whereby money is invested
in the hope that returns offset the bills I personally
pay thousands of dollars a year and have done so
for decades to this day. I've never claimed ascent original
idea was a no fault scheme. This as opposed to
a US style scheme whereby we lay blame and get lawyers.
Sixteen thousand people did something to themselves in the garden

(01:08):
last year and claimed millions. Previously, phisio has been an
issue where does physio start and stoppell? Who would know?
But let's have another three sessions while we decide. Shall
we go to any doctor with anything that hurts in
the first thing they do is start tapping away on
an ACC claim. Like most of these altruistic ideas, somewhere
along the way we lost the plot. It might be
we need to tidy this whole thing up foolishly. Perhaps

(01:31):
I've always seen acc as work related. If you injure
yourself and can't work, that's its value, not if you
cut your finger pruning hydrangers. We had a family member
who was off work for months, I think too many months.
They wouldn't let him back. I mean, he wanted to
go back, but they kept saying, oh, just in case.
I wonder if there's too much just in case going
on the risk payments. They seem to work to a degree.

(01:53):
I mean forty percent of the payouts are in construction, manufacturing, agriculture, fishing,
as sort of place as you'd expect. I pay as
a journalist, even though I'm not a journalist, but they
can't work out what I am or how to charge
me and part of that journalist. By the way, the
premium is the risk of going to a war zone.
I can tell you journalists generally in New Zealand don't
go to war zones anyway. One point six million, with

(02:15):
two million claims and an all up cost of seven
billion dollars in barely over two years. Do the maths
extrapolate them out in barely over two years? Basically, every
single one of us is going to claim that's not right,
it's not normal, and it's why they can't pay their way.
The system doesn't work.

Speaker 1 (02:32):
News of the World in ninety seconds.

Speaker 2 (02:34):
Post the attack comes the spin. It was an incredible
and overwhelming success.

Speaker 4 (02:42):
The order we received from our commander in chief was focused,
it was powerful.

Speaker 5 (02:47):
And it was clear.

Speaker 6 (02:49):
More spin Around's key nuclear and Richmond facilities have been
completely and totally obliterated. Around the Bully of the Middle
East peace. If they do not, future attacks would be
far greater and a lot easier.

Speaker 2 (03:05):
No one spends a lot the Iranians.

Speaker 7 (03:07):
Attacking a nuclear facility by itself is an unforgivable violation
of international law and should be condemned. My country has
been under attack, under aggression, and we have to respond.

Speaker 2 (03:23):
There is still some hype of some sort of deal.
Apparently it's not that the Iranians weren't offered a deal.

Speaker 7 (03:27):
What they want is a civil nuclear program where they
have power plants like every other kind of a lot
of other countries in.

Speaker 8 (03:32):
The world have.

Speaker 5 (03:33):
They can do that.

Speaker 2 (03:34):
That's the deal that's been offered to them. They rejected
it domestically, although many a president has let loose previously,
so this is not a first. The Dems not through.

Speaker 4 (03:42):
If tomorrow morning they kick out the inspectors and decide
to do this in some cave that we don't even
know about. There is a very real possibility that sometime
in the next six months or so, we see what
we saw in Pakistan or in India, which is holy smokes,
there's a nuclear weapon being tested internationally.

Speaker 2 (03:57):
Good collection of lads, calm down.

Speaker 9 (03:59):
We're doing everything we can to stabilize the situation, to
de escalate the situation, and to get to a negotiated outcome.
But I'm very clear in my own mind that around
cannot be allowed to have a nuclear weapon that is
the greatest threat to stability in the region.

Speaker 2 (04:13):
And finally, new world record Joshua Rigello for the longest
playing of the steel pen did it for thirty one hours,
which strike just as a thing didn't seem that long.
I mean I wouldn't do but I'm just if you
said how long you're reckoning you play the steel pan
for for a world record, I would have gone fifty something.

(04:35):
Personal it's not the first record he's got. I had
the last year. Who became the first steel penist to
play on the Great Wall of China, which I don't
even think of thing, it's just stupid. Let's us the
world of medic and straight up for moose as where
we're looking across price of oil all that stuff. Binko
who are shipping organization, they're thinking that some anti ship
missiles or drones might be underway. Before you know that

(04:55):
the Hooties might be involved. We hope not obviously, but
that's going to be a talking point. The shape. Freight
ships are still using it as we speak, but things
quote unquote might change by the hour.

Speaker 1 (05:07):
Twelve past six, The Mike Asking Breakfast Full Show podcast
on iHeart Radio powered by News Talks IB.

Speaker 2 (05:19):
The Central Bank News China unchanged one year rate at three,
five year rate at three and a half. Bank of England.
They talk of being on a gradual downward path, they
just don't seem to be moving that way, so they
held at four point two five fourteen past six. Devin
Funds Management, Greg Smith, Welcome to Monday Mate Morning, Mike Iran,

(05:41):
what do you reckon?

Speaker 10 (05:43):
Yeah, we're braced for some volity. I think that's pretty
much pretty much the theme. So I guess there's gonna
be a lot of eyes on the ore price. As
you mentioned, Are we going to get a spike sort
of five to ten percent or yea, as they're going
to go much higher as things escalate. So you know,
we've seen some predictions that prices could go well north
of hundred dollars a bell and no and really knows.
It's currently around around about seventy five. There's one major

(06:04):
economics group over the weekend that modeled a few scenarios,
and they can. The most severe case, we get to
one hundred and thirty hours use inflation goes to six percent.
So yeah, that's certainly not ideal and obviously would complicate
an already complicated picture for the central banks. Of course,
we had drone poll last week saying there and no
rush to cut rates. Rising all prices also will be

(06:24):
a handbrake on economic growth. And yeah, just let the
impact of board equity markets. You know, do we get
a bit of a risk off sell off? I suppose, Yeah,
there was sort of one point to sort of take
away that you know, we have seen shots like this
in the past without sort of understanding what's happening, and
markets have shown to be quite resilient. Do you look
at you We're Middle East are sort of bubbled higher

(06:46):
in the past and past conflicts, your markets have tended
to recover. Yeah, regardless of what they're do in the
short term. So you go back to the two thousand
and three Iraq evasion invasion the benchmark with these and
P five hundred that fell nine percent in the week
prior a couple of months later it was five percent high,
So I have to fall in nine percent, So quite
a useful reminder from Visus might not be too spooked

(07:08):
by selling lids to pick up in volatility and the
spott of the headlines. It is often the worst time
to sellers. It was also proven the period since Trump's
Liberation Day. Obviously the mark old off in the aftermath
and then went on to rebound and then some So yeah,
we have to wait and see. Obviously plenty of interest
in those developments.

Speaker 2 (07:24):
Indeed, and I mentioned Andrew Bailey, so he's not moving,
He's sitting at four two five, and yet the retail
sales down two point seven. That's material, isn't it.

Speaker 11 (07:30):
Yeah, that's right.

Speaker 10 (07:31):
Yeah, the UK consumers not in sort of great knack.
I mean they had had a good month prior, but
not so much, not so much in May. So yeah,
it was well below forecasts for a half percent dipp
in retail sales and it was the biggest drop since
Deceen between twenty three. Food still sales particularly weak. They
were down five percent. So yeah, UK households are scum
expending a cost of living pressures and the light clothing

(07:52):
DIY sales they were down it as well. But April
been quite sunny, so that perhaps changed a little bit,
and yeah, UK Shop as they had split, came to
a real hult. And also on the volume side, they
were down one point three percent on a year ago.
That's the biggest drop since eight Pril twenty twenty four.
So eve it was pretty weak. Supermarkets said lower volumes,
but yeah, other retailers were under pressure and that's also

(08:14):
what they've been reporting of late. So the interesting thing, though,
Michael thought, was that on the same day there was
actually a Consumer Conference Index release, the GfK's one and it.

Speaker 11 (08:23):
Actually rowse two points.

Speaker 10 (08:25):
Although negative eighteen probably not too much to shout about it,
it's the best reading since twenty twenty two, so it's
a bit of optimism. Maybe the genoe economic outlook, but
everyone still still seems to think that their finances are
not in great shape, and maybe they're also aware that
the government's finances aren't exactly tipped up either. So UK
public sector borrowing seventeen point seven billion pounds in May.

(08:46):
It's the second highest for the month on record, a
highest spending link to you yessed it inflation. So UK
public sector debt now ninety six point four percent of GDP,
So you won't ease up the pressure on UK Chancellor
Rachel Reefs.

Speaker 11 (09:00):
It will not.

Speaker 2 (09:00):
Have you seen the price of rice in Japan? It's double?

Speaker 10 (09:02):
God, yeah, double, isn't it. So it's absolutely incredible. So
the staple food, of course is very politically sensitive. Up
one hundred and two percent in May. So core inflation
in Japan two year high, up three point seven percent.
That's the fastest pace since January twenty twenty three. That
was above estimates cost of living inflation. That's going to

(09:24):
be a big election topic next month for the government.
They've managed to sort of get their popularity up a
little bit. They've been trying to lower the cost of grain,
but yeah, the bag of Japan. They're certainly going to
take an interest in that.

Speaker 11 (09:35):
Print.

Speaker 10 (09:36):
They've been looking to raise interest rates as long as
the economy recovers and get inflation back towards your two
percent target, but it's actually been above that for more
than three years. Rates of course are very low in
Japan percent, so a few fliers in the ointment. We
haven't going to trade deal yet with Washington, so they're
waiting for that and obviously their next economy, so they
really do need on and talked about that previously that

(09:57):
they've got these obviously twenty five percent auto turfs, so
they want to see you deal there. And yeah, the
central banks or the Bank of Japan, like other central banks,
are split on how this is all going.

Speaker 2 (10:07):
To impact inflation.

Speaker 10 (10:08):
Are they going to see cheaper Chinese imports driving down
prices or films generally just going to raise prices and wages.
So we'll have to see. And of course now we
have the oil price to also sort of contend with.
So yeah, a big week for a number of economies.

Speaker 2 (10:20):
All right, numbers please, So the DOAWN on Friday.

Speaker 10 (10:23):
Was actually up point one percent, forty two two zero
six s and P five hundred was down point two percent,
and NASDAK was down half percent. For two one hundred
was down point two percent, Nike down point two percent,
as was the A six two hundred that finished at
eight five zero five Indian X fifty. Obviously we were
close to Mataiki gold down two dollars three thousand, three
hundred and sixty eight US and ounce oil closed of

(10:44):
course after those strikes, but prior to that was up
thirty four cents to seventy three spot eighty four a
barrel for WTI and the currencies key we lower against
the US fifty nine point seven, fled against the dollar
ninety two point five, down slightly against the British pound
forty four point four. Jepany jen a seven point twos.
That was up point one percent this week. Mike, we've
got cards spending with trade data locally. We've got consumer

(11:07):
conference here as well. I'm sure use existing home sales,
durable goods, use inflation. We've got POW testifying before Senate,
so that'll be interesting. And we've got earning some FedEx
in Nike. But of course a lot of interest on
developments of prospector around Go.

Speaker 2 (11:21):
Well, mate, Greg Smith, Devin Funds Management tasking. I told
you about the Paris show last week. Who was the winner?
Airbus was the winner? What do they get?

Speaker 12 (11:29):
Big?

Speaker 2 (11:29):
Demand for planes? Demand is not going away for planes.
Airbus and banked twenty one billion dollars worth of business.
One hundred and thirty two planes averer Less which is
out of Saudi Arabia, A and A which is out
of Japan, so one thirty two orders for Airbus, Boeing
forty one fifteen for Mbrayer out of Brazil, so one
thirty two to forty one. Who do you think is
the winner there? Six twenty one. You read news Talks

(11:52):
at bat.

Speaker 1 (11:55):
Good the Vike Hosking Breakfast Full Show podcast on iheard
power by News Talks.

Speaker 2 (12:01):
At be Greg mentioned a moment ago Rachel reaveson of
many and varied and applies to Starmer of course, the
fiscal woes and the Great British Isles At the momoent
IPSOS poll out over the weekend, Reform now set at
thirty four percent. I don't know whether that translates into
the real world when actual people go to vote, but
it seems a remarkable turnaround reform thirty four percent. We're
of the government twenty five nine point lead, biggest lead ever.

(12:24):
Conservatives only on fifteen, so they're a disaster as well.
That's their lowest result ever for IPSOS. Nineteen percent say
they're satisfied with the government seventy three so they're not
says a bit of unhappiness there fifty four percent. This
is where it's all come from. Fifty four percent of
Labor voters have changed their view since the election. Forty
eight percent of Tory voters have done the same thing,

(12:44):
so they're either remarkable times or the polls wrong.

Speaker 1 (12:47):
Sex twenty five trending now with Chemist Warehouse, The Real
House of Vitamins.

Speaker 2 (12:52):
The news from the movies, Q two winner, which was
good because Q one was down thirteen percent the same
time last year. This is globally we're talking here. March particular,
Kill the bad box office down fifty percent, The Blockbusters
Back Like a Dog, snow White flop, New Captain America
movie didn't go anywhere. Week one was okay, then sales
dropped sixty eight percent week too. Mickey seventeen April though Minecraft,

(13:15):
Everyone went to see that. That was followed by Lelo
and Stitch, Thunderbolts, the New Mission Impossible, the Final Destination movies,
live action of How to Train Your Dragon, All hit
hit hit hit. So we're talking close to four billion
dollars so far this year. That'll be up eighteen percent
on last year. Not everything was brilliant. A Pixar's Elio
about a boy finding an alien, got the title of

(13:36):
having Pixars worst ever open and cost one hundred and
fifty million to make, only brought in thirty five worldwide.

Speaker 1 (13:41):
Most time, Are you prepared to become the Greatest War
machine in the universe.

Speaker 13 (13:47):
Yeah, no, your life isn't not there, Elio.

Speaker 14 (13:52):
You need to make friends.

Speaker 5 (13:54):
I just want to belong somewhere.

Speaker 3 (13:56):
So if any aliens are listening, please come and give
me O give I love you.

Speaker 14 (14:00):
You search the universe for.

Speaker 2 (14:01):
The dreamers and stargazers like you?

Speaker 13 (14:08):
Are you going to do?

Speaker 14 (14:09):
What is?

Speaker 11 (14:11):
Oh?

Speaker 14 (14:11):
I don't know? My name's Elliot?

Speaker 1 (14:13):
What's your name?

Speaker 8 (14:15):
Normal?

Speaker 1 (14:15):
You ever asking my name?

Speaker 15 (14:16):
Before?

Speaker 2 (14:17):
Out lorded? Back home?

Speaker 8 (14:20):
I didn't hit in.

Speaker 5 (14:21):
I thought Earth was the problem.

Speaker 1 (14:22):
But what if it's me?

Speaker 12 (14:23):
Well, I like you can?

Speaker 14 (14:25):
You seem fine to me?

Speaker 11 (14:26):
Right?

Speaker 2 (14:27):
So that's Q two, Q three some hope because if
one's coming, I hope that works because the noise around
that thing is incredible. Superman, the New Jurassic World, the
Fantastic Four, and they argue that any one of those
four has the potential in fact to be the movie
of the year. So let's wait and see some news
for the southern part of the country. We told you

(14:47):
about the beginning. Lamport in Lamport seem to be the
thing these days. But anyway, there's an industrial complex. I'll
give you the number shortly, but you'll go, what, how's
that possible? So we'll tell you about that. That's for
the south of the country. That's coming the Prime Minister
Chris of Relux in Europe as with us in about
an hour's time as well. Meantime it News Talks, head
Beat and News.

Speaker 1 (15:04):
Is Next, Mike Cost Game Insightful, engaging and vital, The
Mike Hosking Breakfast with A Veda, Retirement, Communities, Life Your Way, News,
togs Head Beads.

Speaker 2 (15:17):
Jone forgotten once. The stealth took off over the weekend,
but the Dodgers, as in the baseball Los Angeles, blocked
federal agents from entering their stadium. Ice wanted access to
the stadium to round up a few people who might
be watching the baseball, and they said no way. They're
expected to assist immigrants who have been impacted by the
raids and the city. No details were disclosed over the weekend,

(15:37):
So sport colliding with politics. More on aram though with
Richard Arnold Shortley twenty three minutes away from seven now
in the cargl might be in for an industrial boom.
So we told you about the inland port previously now
called a Stewart have the country's largest ever industrial development
lined up five hundred and thirteen hectares two and a
half billion dollars of being Murphy General Manager of Property

(15:59):
called the Steward's with us on this one. Been morning to.

Speaker 14 (16:00):
You, all right, thanks having us not at all set to.

Speaker 2 (16:04):
Go as it consented. Where are we at with the paperwork?

Speaker 3 (16:08):
So we do have a fully zoned site there, which
is I guess the key and locker for this project.
So that's the exciting part. And we've done an awful
lot of preparatory work over the last three years and
to get to a point where we're keen to start
talking to the market about the opportunity.

Speaker 2 (16:21):
And what's the time frame when's it open?

Speaker 3 (16:25):
Well, as I say, we've being an awful lot of
preparation work leading up to this, a lot of the engineering, design,
stakeholder engagement and capital investment in terms of master planning
the site. I guess the site really gets some locked
when occupiers come to the table, and we're talking to
a number of national and offshore occupies at the moment.

Speaker 2 (16:43):
But is it twenty thirty, is it twenty forty? Is
it next year?

Speaker 3 (16:47):
We certainly hope not. We think it's in the shorter term.
MIC that's really going to be subject to getting agreement
with these occupiers to commit to this site, and we
certainly think that holds huge opportunity for the region and
from the national perspective as well.

Speaker 2 (17:01):
Is this a build that they will come because you're
talking about attracting high output food process as advanced manufacturers,
clean tech exporters. Are they already there and we'll just
go to a new location, or are they not there
and will come a little.

Speaker 3 (17:14):
Bit of both? We think, Mike, the job that we're
undertaking at the moment is to make sure that we've
got a site that's ready to go for occupiers who
see value in being in this location. That obviously there's
a huge amount of prime industry in the region, but
we also think there's opportunity for new business and new sectors,
and you look at agriculture, high tech manufacturing, and there's

(17:35):
an awful lot of renewable enerty opportunity on site as well.

Speaker 2 (17:38):
So exciting times, it's funny you should say that is
this weere because we've talked about various in landports around
the country. Is this power generation aspect of it? You're
going to do solar and wind? Is that part of
so In other words, it's not just a warehouse, it's
not just a factory. You're generating power as well.

Speaker 3 (17:55):
Yeah, that's correct that a significant amount of the site
will ultimate look to how a wind farm. We'll also
have roof mounted solar systems and also ground mounted solar systems,
so we're looking at a significant amount of ower generation
from the site.

Speaker 2 (18:10):
I wish you all the very best, will it. Ben Murphy,
who's the general manager of property, called the Stewart's exciting
a twenty minutes away from seven p SKAR. We come
off the back of Martin Riqi. I note that Trump
yesterday was complaining about Juneteenth, which they celebrated Friday our time,
Thursday their time. Too many non working holidays in America.
It's costing our country billions of dollars to keep all
these businesses closed. The workers don't want them either. I'm

(18:31):
not really sure how many workers he actually asked, But
it's one of those things once you get it, I mean,
what was Martin Riki about, for goodness sake, apart from
the day off. But once you get it, you're going back. No,
you're not rich and idol. Next nineteen to two, the.

Speaker 1 (18:43):
Mike Hosking Breakfast Full Show podcast on iHeart Radio powered
by News Talks.

Speaker 2 (18:48):
It be speaking of infrastructure. Good news over the week
in three groups have been sorted out as being bidders
for the next bit of the Northern especially the north
Land express Way. This is a bit that's north of Walkworth.
The new road that's already in. Once you get to
walk with it stops, so another twenty six kilometers unlocked
the Northland Region Fall Lane Expressway. So three companies. They

(19:08):
now submit the proposals for the financing, the design, the construction,
the management, the maintenance preferred but has chosen early next year.
The contract's finalized mid next year and the construction work
actually starts fingers crossed late next year, so that's good.

Speaker 1 (19:22):
Seventeen two International correspondence with ins and Eye Insurance Peace
of Mind for New Zealand.

Speaker 2 (19:28):
Business inspired with predentinal boy in View, good Way Mikey.
What happens next?

Speaker 14 (19:32):
Well, some big unanswered questions following the US strike. Was
this a move to peace or the opening of a
wider war? Was the US radio spectacular success as Trump
has been saying, or did it miss out on destroying
the overall Iranian nuclear program. First satellite images for FODOH,
that underground Iranian nuclear site, which was a key target,
have come out now showing a big hole on the ground.

(19:54):
As President Trump is claiming.

Speaker 6 (19:55):
Iran's key nuclear and Richmond facilities have been completely and
totally obliterated.

Speaker 14 (20:01):
Well, the head of the US Joint Chiefs, General Dan Kin,
gives a more restrained assessment about all of this.

Speaker 16 (20:07):
Final battle damage will take some time, but initial battle
damage assessments indicate that all three sites sustained extremely severe damage.

Speaker 14 (20:16):
So that's how it is with battle assessments, isn't it.
They take a while. New Wes Vice President Jady Vance
has been on some of the political chant shows today saying.

Speaker 5 (20:24):
This severely damaged versus obliterated. I'm not exactly sure what
the difference is.

Speaker 14 (20:29):
Well, the difference is did they delay the program for
a bit or eliminated? There are reports that while the
US attack was being organized two days before, trucks gathered
at the Fordoh site. What were they doing? Were they
taking out enrich uranium? Says Jim Himes, the ranking Democrat
on the Intelligence Committee.

Speaker 4 (20:47):
Here, we have no idea in the world right now
whether these strikes were in any way successful. There's some
chance that you know, given that this raid was telegraphed
for a couple of days, that they might have thrown
a couple hundred kilograms of sixty percent and raised your
uranium into the back of a truck and moved it
somewhere else.

Speaker 14 (21:03):
The US attack itself was executed very well. They went
into Iranian airspace covertly without any defenses being activated, says
General Kane.

Speaker 16 (21:11):
We are currently unaware of any shots fired at the
US strike package.

Speaker 14 (21:16):
So that's remarkable. There were more than one hundred and
twenty five American aircraft involved, seven B two stealth bombers,
dropping fourteen of the mops or massive ordinance penetrators and
Pentagon speak first time these things have ever been deployed.
They hit four to oh in the tans while cruise
missiles were fired on Isfahan from a US submarine. The

(21:36):
B twos flew directly from Missouri and were refueled several
times during flights. They were also followed by decoy planes
that were sent out over the Pacific, so in the
opposite direction. So it's brilliantly done. However, how will Iran respond?
They hit targets again after this in Israel, as we've
seen President Trump saying he plans no further attacks unless

(21:57):
Iran responds militarily against the US. You know, there are
some forty thousand American troops at bases in the region,
just sitting there. The US says it is ready to
defend those troops, as Trump is warning.

Speaker 6 (22:08):
Rand the bully of the Middle East must now make peace.
If they do not, future attacks would be far greater
and a lot easier.

Speaker 14 (22:16):
You know, Iran's parliament has voted to close the state
of holl Moves, the Gulf shipping channel through which about
a fifth of the world to will supply travels. So
what's this going to mean for petrol prices? Iran is weakened,
but its foreign minister Rachi Wardens have quote everlasting consequences.
Now the US has attacked Iran directly for the first time.
A top Russian official is saying the US attack has
begun a new war and strength at Iran's Ayatola company

(22:39):
and says the US move will plunge the entire region
into quote unquote the Abyss. So so much for friendship
with Putin? Right, was this US strike one and done?

Speaker 2 (22:49):
We'll find out soon all right, might see Wednesday. Appreciate
it Richard Donld state side, Winston Peters after seven o'clock,
of course, the Prime Minister hit of the night, I'm
meeting in Europe will be with us after seven thirty
This morning, thirteen to.

Speaker 1 (22:59):
Two, the Mike Hosking Breakfast with a Vita Retirement Communities
News togs Head been Mike.

Speaker 2 (23:05):
Why don't you ask Winston if he's seen any evidence
of RAN's building a nuclear weapon at THEA who's been
singing the same song since the nineties and yet nothing?
They're are we looking at another Iraq? At what point
do we continue to blindly support the US narrative? Tulsy
Gabbett and probably one of the most head turning reversals
of fortune in the history of modern politics. Over the weekend,
if he followed that he gave her an earful when

(23:27):
she told them she didn't think that much was happening,
and then he gave her the air full, and suddenly
she thought a whole lot was happening. It's just the
most amazing thing. The IAEA, in response to your question,
they didn't think there was much happening, but that's not
how this game has played. Of course, as far as
the airlines are concerned Flight Radar twenty four a lot
of diversions going on in that particular part of the world.
So most people are not flying to a Rana Raq,

(23:48):
Syria or indeed Israel. They're going via north if they
take the Northern root via the Caspian Sea, or they
take the southern root fire Egypt and Saudi Arabia. Some
of the major plane the obvious places aren't being flying to.

Speaker 11 (24:01):
All.

Speaker 2 (24:01):
American airlines have canceled everything to Doha, British have canceled
all Tel Abiv flights until the end of July, all
flights into a Mahan bah Rain until the end of June.
The poorse flights to Doha and Dubai. That's the Dubai
is the interesting part because of course we're connected to
Dubai still Etty Yard, which aren't quite in this part
of the world. They fly out of Australia to the
Middle East. They've canceled anything between Abadabi and Aman and

(24:24):
Abadhabi in Tel Aviv Emirates, which definitely are in this
part of the world. Nothing to and from Jordan, Lebanon,
i ran I Rak as you would think, but they're
still moving through the Emirates as you would imagine. In fact,
we had some people family members on a plane last
night lovet answer all flights to and from by route
tel Abev, Tehran, gom Kata, who are here to and
from Iraq, Iran, Syria. But they're still flying normally Ish

(24:47):
Singapore all flights the Persian This is an international report
I read, so you need to check if you're traveling
school holidays. Of course coming up Singapore Airlines, it says
this international report all flights to the Persian Gulf may
be effected, so it's something to think about if you're
traveling over the next couple of weeks. Speaking of which,
the weird thing about the next couple of weeks. So

(25:07):
you've got universities having different holidays depending on where the
universities are. Also, and I speak from experience, depending on
where your exams are. If you finished your exam, suddenly
you get an extra week of holidays, so you could
be off for a month. And then it depends whether
you're at a public school or a private school. So
private schools have three weeks holidays. Public schools have two
weeks holiday. So it could be a university at four,
Private at three, public school at two. So the next

(25:28):
month who they hell knows what's happening and if I
get time later. The rankings came out over the weekend
and very good news for our system. The New Zealand
universities went up, Australia's went down. And more to say
on that after seven thirty, not specifically about universities, but
the Australian story at the moment is problematic and we
don't seem to care because we're all leaving New Zealand

(25:50):
to go live in Australia. But they've got some real worries,
including the universities which are going in the wrong direction
while ours are going in the right direction, which is good.
Six away from.

Speaker 1 (25:57):
Seven these it's the fizz with business tiber take your
business productivity to the next level.

Speaker 2 (26:05):
Let's talk millionaires. There are more millionaires in the world.
We're going up at the up of the up, at
the appity up. This is from UBS. It shows that
the US has the most millionaires in the world, which
is probably not surprising. They preface this particular report this
morning saying these are twenty twenty four numbers, so it
is expected overall to drop a little bit because here
markets had a tough old time a bit lately, and

(26:27):
the US dollars down about nine percent so far this year,
they added the US three hundred and seventy nine thousand
new Millionaires's funny thing, millionaires. I mean, it's not much
to be a millionaire. I mean, if you live in
a place like Queenstown or Auckland, or Sydney or Melbourne
in fact anywhere in Australia these days, and you own
your own home, technically you're a millionaire. Anyway, three hundred

(26:49):
seventy nine thousand new millionaires last year, that's one thousand
a day. So they've got twenty three point eight million
millionaires in America, China, and this is what interested me.
They've got next to name millionaires. Comparatively speaking, they're well
in excess of a billion people. They've only got six
point three millionaires, which is an increase of two point
three percent, so they've got more millionaires, but hardly any

(27:09):
of them. Turkey highest percentage change for their millionaire population,
so they're getting richer, up eight point four percent, so
they've got eighty seven thousand millionaires. The US forty percent
of the world's millionaires. Luxembourg and Switzerland had the concentration
of wealth so one, two and three the US, Luxembourg
and Switzerland. In both countries about one and seven adults
have at least a million dollars. Over All, the millionaire

(27:31):
population grew more more than six hundred and eight thousand
to cover sixty million, so there are sixty million millionaires.
Japan's the biggest loser. They lost thirty three thousand millionaires
thanks to their shrinking population. There a lot of troubles.
Millionaires are a lot of trouble Japan at the moment.
The price of rises through the route are they're losing
all their millionaires. They've got an election because they've got

(27:51):
a lot of skulduggery going on in that part of
the world, and they've got in plation higher than they
thought it was. So I mean, Japan billionaire account. You
want to know about the billionaires. We've got a few billionaires.
We've got two eight hundred ninety one billionaires in the
world and they've got over fifteen point seven tree in assets.
So the rich are getting richer, there's no doubt about that.
And we've got fifteen centy billionaires, which is billionaires with

(28:15):
more than one hundred billion dollars each, right, so what
are we deal with here? We'll get gilbarn Dollar back
from the Defense priority in Washington. As to where this goes,
the general consensus over the weekend and doing the reading
is Arran hasn't got anything. They talk a big game
and they got nothing, and they haven't got any friends.
I mean, the Russians are not coming to their aid,
the Chinese are not coming to their aid. So where

(28:37):
does this go apart from seemingly nowhere, Yes, there'll be
something in the straight up of Moorsharim, assuming they'll do
something there and close it down, or the Hooties might
blow up a ship or do something like that. And
I don't need to an iminige what's going on. I'm
just saying this isn't turning into a world war, but
guild barn Dollar will presumably confirm that for us. Shortly,
we're parking a Hercules somewhere in the region to help

(28:58):
out the New Zealanders who rule main there. Sir Winston
Peters on that. Meantime, Christaller Luxan, is it just me?
I don't know what happened in China. We tweaked a
visa one of the Chinese airlines said yep, we'll have
a few more seats coming to Walkland. Apart from that,
did anything actually happen in that particular visits. He's now
in Europe ahead of the NATO meeting and we've been
out sixteen million dollars more for Ukraine. So he'll be

(29:20):
with us after seven thirty this morning, and being a Monday,
we'll do the sport with the lads in the commentary
box after eight.

Speaker 1 (29:26):
News opinion and everything in between, the Mic Hosking break
best with the Defender Doctor the most powerful Defender ever
made and.

Speaker 2 (29:34):
Used togs Head be seven past seven to Operation Midnight
Hammer is what they call it. In the American's claim
it's complete success. Where we go now is the big question.
Gil bun Dollar's senior fellow at the Defense Priority in Washington.
He's back with us. Good morning to you.

Speaker 11 (29:47):
How are corning very well?

Speaker 2 (29:48):
Indeed, the US claim obliteration and the timeline and all
of that, is it from your point of view? The
success they claim?

Speaker 8 (29:57):
I think that's still to be seen.

Speaker 17 (29:58):
I mean, I think a lot of us, especially people
with serious chops on nuclear security, would tell you that
these strikes are unlikely to have to have destroyed everything
or obliterated the program. And even if they did, you know,
it's clear that the Iranians can reconstitute that. They may
take a couple of years. But it's this isn't sort
of the end of it, definitively some.

Speaker 2 (30:17):
Sort of suggesting they could have moved stuff. One could they?
And two if they did, would they have seen it anyway?
The Americans, Yeah.

Speaker 8 (30:26):
They definitely could have. And that's the story that's coming
out of some outlets.

Speaker 17 (30:30):
The question is, when I think if they did it
after the Israelis began their campaign, ability has really destroyed
a huge chunk of Iranian air defenses and had really,
as far as we can tell, kind of free reign
over huge chunks of the country. So if they were
trying to move things after that, if they were caught
flat footed, which a lot of people have said, then
that may be less likely.

Speaker 2 (30:51):
What's that tell us about being able to fly and
do what they did and fly out and the Iranians
seemingly did nothing. I mean, what's that tell us about them?

Speaker 8 (30:58):
I think that you know, this is kind of a
continuation of a story that started two years ago. Now.

Speaker 17 (31:03):
But I think that the ability of the Israelis, in
terms of their intelligence and then their strike packages to
knock out Iranian air defense and give them free rein
it speaks to a lack of capability on the part
of the Iranians and how compromised they were by Israeli
intelligence and maybe by US.

Speaker 8 (31:19):
But I think the majority of that is on the
on the Israeli side.

Speaker 2 (31:22):
What would you do?

Speaker 17 (31:22):
They've had, they've had, They've had really free reigns since
that campaign started on July thirteenth, and I think people
didn't really expect that. They expected that Irani defensive especially
the stuff they bought from Russia, would have constrained them more.

Speaker 2 (31:34):
What would you expect, my wife, of a responsive there
is one.

Speaker 17 (31:38):
I mean, that's the million dollar question, and I wouldn't
I wouldn't hazard a prediction. But I think that what
iron could do, even in this severely weakened state, and
even having taken the body blows, the autrition they took
to their leadership over the last week, they have the ability,
certainly to throw missiles at and to do some damage
to a lot of really kind of key US infrastructure

(31:58):
and US troops over there. Whether you're talking about Bahrain
or Kuwait or the UAE or even as far as Jordan,
we have we have serious installations Cutter as well. That's
less likely because of their relationship with the Cutties. The
other big question is whether they want to close the
straight up or moves and can strain you know, global
oil supply, whether temporarily or as long as they can.

Speaker 8 (32:16):
That's the other huge economic question.

Speaker 2 (32:18):
It's lingering is it phasis suggest the Iranians talk a
big game and don't often do a lot.

Speaker 17 (32:24):
Absolutely, And I think this this strike is probably predicated
in a large part on on confidence that that's how
it's going to go. You know that are On is
two weak and doesn't want to risk a full blown
you know, US response and strikes of indeterminate, you know,
indefinite duration. So I think that's that's one of, if
not the major thing that this White House is gambling on.
But I think that's a dangerous assumption given that we're

(32:46):
talking about actual regime regime stability and then continuing continuation
of the Iranian regime.

Speaker 2 (32:51):
That's my next question, what chance regime change.

Speaker 17 (32:55):
I'm very skeptical and most of the folks that I
talked to who are legitimately kind of iron experts of hall,
the internal politics and the state of that country, are
skeptical that that's this is going to work.

Speaker 8 (33:03):
I think for two reasons. One that the the Iranians
have done it, or the IIan regime.

Speaker 17 (33:07):
The government has done a great job of decapitating not
usually not literally, but decapitating opposition movements.

Speaker 8 (33:14):
You know, we saw when they had the serious protests
last couple of years.

Speaker 17 (33:17):
They've they've done a good job of delegitimizing and stopping
opposition movements. And so if you're taking a word of emigres,
whether it's whether it's Razzo polavian Is people or whether
it's the M e K or some other groups, if
you think they have a serious constituency, let alone kind
of people insider on that can make things happen, I'm
skeptical of that.

Speaker 8 (33:34):
And the second piece, of course, is that.

Speaker 17 (33:35):
This is happening, you know, on the back of foreign bombs,
and those have generally a tendency to unite a country,
at least temporarily.

Speaker 2 (33:41):
I don't know if this is a new wheelhouse, but
Trump domestically, does he have trouble with the dams, and
you know, America first and all that stuff will.

Speaker 8 (33:48):
Not I think it all. I think it all depends
on how this goes.

Speaker 17 (33:52):
If this is it, If if it's what they're they're
saying it is, and there's a there's this one strike
package and that's it, and then the US does nothing
further and there is no major ONI in response, then
I don't think he has much of a problem, certainly
within his own party.

Speaker 8 (34:05):
Being said, I can't.

Speaker 17 (34:06):
Remember a US military intervention that went forward with this
little over public supporting. If you believe the polls, you're
talking about ten to twenty percent of the country's actually
in favor of this, so that you know, we went
into the I Rock War, which is obviously disaster on
multiple levels. You had two thirds of Americans had come
to support that through whatever means, and this is very different.

Speaker 2 (34:25):
Always a pleasure, Gil, go well, and we catch up soon,
Gil Bundle, who's the former marine and senior fellow at
the Defense Priority in Washington. Twelve minutes past seven. As
far as we're consumed, we're getting a HURK into the
region so as to be available to move people when
the airspace allows. The Foreign Minister Winston Peter's will Us
Winston morning, good morning. Do you reckon Iran's nuclear capable
or close to it?

Speaker 13 (34:46):
All the signs planed to getting very close to it.

Speaker 2 (34:49):
So you believe it because Tulsea Gabbart was telling us
just the other day she didn't then the IEI is
suggesting that. I think so are they.

Speaker 13 (34:58):
Well a level of enrichment. I've switched the cat way
beyond every other prior negotiated purpose that they gave. I mean,
some facts are facts?

Speaker 2 (35:08):
Your scenes of the claims of success? What do you reckon?

Speaker 13 (35:12):
How do you mean?

Speaker 2 (35:14):
Well, did they blow up the nuclear capability or not?

Speaker 11 (35:17):
Oh?

Speaker 13 (35:18):
Look, at this point in time, we may be very
wise to keep our counsel and find out the facts,
get a proper analysis, and ensure that what we are
talking about is true, because one of the one of
the worst things in the first victims of war is truth.
And boy have we've seen it now with every comment
and every excellent expert giving the abuse perverse they are

(35:39):
and not in any way right to what's happening on
the ground. So yeah, I think it very wise to
us to keep our counsel and find out what's going on.

Speaker 2 (35:46):
Do you see regime regime change in a run.

Speaker 13 (35:50):
I think the problem is that when you've got the
actual destruction of freedom in the society, including from females
in the society right across the whole Gamber for the
last forty years, the chance of alternative government stepping up
seriously restricted. That's the difficulty. Do I think the majority
if you want raging changes, so I do. I think

(36:12):
they're going to give it. It's very very difficult to
see it happening.

Speaker 2 (36:15):
Now here's a text. See see what you say, Mike.
If you choose to live in Iran or Israel, why
should the government have to send the cavalry to rescue you?
What do you say to them?

Speaker 13 (36:24):
Well, you can say that, Mike, and we've been given
them months in warning and people will carry on as before.
But it's a new Zealand character and Zealand way. I mean,
when you tell people to get out of circumstances, some
done bobbed and still do it. In the last moment,
we've just gone from forty six people we thought we
had in the run to now ninety eight and we're
working on now. So the question is, well, it's a

(36:45):
new Zealant way to help our friends, no no out
and advice they might be, and we'll be helping a
lot of other countries as well who are in a
crisis circumstances. We have nobody else to help. We're a
good international citizen. We've got the resources, so let's do
what we've always done.

Speaker 2 (36:59):
Appreciate. I'm very much Winston. Peter's Foreign Minister, Chris Lackson's
in the middle of Europe, of course, and he's with us.
After seven thirty fourteen Past the.

Speaker 1 (37:07):
High Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks AB.

Speaker 2 (37:13):
News Talks seventeen past Mike, does millionaire status include mortgages
of the houses included in the stats? This goes back
to what we were saying just before seven o'clock. Now
it doesn't it. It means basically in general, and there's
lots of people in measure, but in general, what it
is you sell everything, then you cancel all your debt
and whatever you got left. Do you have a million
or more? If you do, you're a millionaire. If you don't,
you don't the deal I was asking about Luxton and China.

(37:33):
I'll get him to extrapolate, because there's being a bit
sort of secret squirrel on this the claim out of
the Chinese trip as they signed eight hundred and seventy
one million dollars worth of business. A full list of
details not provided their claiming commercial sensitivity fair enough, but
the breakdown a four hundred million in the primary sect
of manufacturing, forty three ten education partnerships, tourism agreement's worth

(37:54):
two twenty eight and a couple of hundred million on
cosmetic deal. So I'll need to know more about that too.
I just had a kind of we went high and
then moved on without anything else happening. Mike missed the
last summary this morning. Is it's still our year? Don't
be facetious. Yes it is.

Speaker 11 (38:10):
So.

Speaker 2 (38:10):
The game on Saturday night afternoon I thought was not
a bad game. It was high quality game. And you've
got to remember when it comes to Penrith, Penrith not
what they were last year. They should be, but no
one can quite explain why they're not, including IBN Cleary. Nevertheless,
they played well because they're a good side and the
other sort of side we need to watch. The other
thing You've got to remember, given how well we've been doing,

(38:31):
is inevitably in a very long season. We're going to
lose a game. We lost a game, wasn't the end
of the world. I didn't think we played particularly badly.
I am worried about the injuries, at least one of
which looks to be a bit long term, so I'm
worried about that. But apart from that, I'm not worried
about the overall season. The season doesn't now sort of,
It's not like the old days. You've got to adjust
your thinking around this. We are a good side, a

(38:51):
good competitive side. We can week out. We are going
to the playoffs. We will be top four. The fact
you win an lose a couple along the way is
neither here nor there. If you look at the top
four of the table, there's a six point gap now
between the top four and the rest of the field.
You've got four really good sides, of which we are one,
and the fact we lost over the weekend really doesn't

(39:13):
make that much difference. We'll lose again before the end
of the season. Don't panic about it. Stop being a
fly by night, be consistent. For goodness, say and by
the way, one of them, I think it's the Raiders
have played one more than us anyway, So We're probably
second according to the Mike Hosking you know way of
counting the NRL letter it is seven twenty.

Speaker 1 (39:32):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio, how
it by News Talk.

Speaker 2 (39:37):
Zippy No Doubt. Amiga three, you know, from fish oil,
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(40:43):
eight hundred triple nine three oh nine paskime now seventy
twenty four. Friend of ours open a new business last
week's soft opening, full steam ahead by the score holidays,
he tells us. So far he's going gangbusters. A lot
of local support. Looks a good news story to my eye.

Speaker 6 (40:57):
He is.

Speaker 2 (40:57):
However, if you believe the headline, the headlines that have
been supplied by his industry association in very dark and
difficult days, they don't look difficult at his place. I
can tell you that for nothing. The GDP figures came
out as we're away for the long weekend. Of course
you missed that zero point eight for Q one Reserve
Bank thought it would be zero point four. Most banks
thought it would be zero point seven. The reality was

(41:19):
better than everybody thought. Nick toughly asb's headman on economics.
He was also on the show Thursday, told us he
still had growth for the second quarter April May June,
so just gone. He edited zero point three zero point four.
So other commentary last week though from the Manufacturing and
Services said we'd hit a brick wall. If Nick is right,

(41:40):
there's no brick wall. The same way Q one was
not zero point four zero point eight. The point is this,
is it possible We're in such a funk we don't
want to see reality. You know what else I read? Australia,
the repository of so many dissillusioned New Zealanders, is now
losing more people than it has since COVID. A mass
exodus is on in Australia. What people are bailing out

(42:03):
of Australia healthcare is crik. You can't get seen. Governments
sinking in debt. House prices have spiked pasted an average
of a million dollars everywhere. More people than ever since
records began, are working multiple jobs just to make ends.
Make This is Australia, the golden answer for the miserable key.
We looking for better. Maybe better is here. Maybe in
a turbulent, troubled world, the land of the long white

(42:24):
cloud is actually coming right, and people like our mate
and his new business sees it. And a lot of
what's in front of us is attitude. Is there trouble
in some areas well? Of course there is? Are their
issues still unresolval, of course, But do we have growth
and prospect? Yes we do. To the numbers back that up,
and do they do. Maybe the grass is in fact
nice and just as green. You just gotta want to

(42:45):
see it. Asking Mike, Penrith is paying four forty at
the tab Saturday, most Penrith will have paid waited for
years for that sort of money. That's true. Actually we
were hot favorites, which is not to excuse the loss.
Don't get me wrong. I'm not an apologist for losing.
And there were things we could have done that made
it better, but the less it wasn't one of those things.
It's not just it's not like the old days. Things
have changed, Mike. I don't understand why anyone would choose

(43:06):
to live in politically unstable countries. But Winston's final comment
proved exactly why his solid goals as a foreign ministry
seriously unmatched. I tend to agree, and I've said this before.
I'm a fan of Winston and he performs particularly well
in the foreign portfolio, and it might be just let
me join a couple of dots here and suggest this
to you and see what you think. If you look
at the poles, of which they've been three or four

(43:27):
in the last couple of weeks, and they've been all
over the place, there's a couple of themes. One theme
is the government hasn't changed, so the government stays. They
win the election at the poll was right two. Some
have Labor up, some have National down, some have Hepkins up,
some have lux and down. But the consistent apart from
the fact the government doesn't change, is Peter's is up.

(43:48):
New Zealand first is up, not by a lot. They're
still a minor party, but they're sitting at about eight,
while others like Acting, the Mari Party and stuff are
all over the place depending on what poll you're looking at.
There is a consistency if you look at them, every
single poll had New Zealand First up. And I just
wonder if there's just an element of the Winston stability
in the Foreign Department. The Shane Jones and the headline

(44:09):
I'm make drilling great in the end thing and we
like a bit of humor and there just might be
for some New Zealanders a little bit of electoral magic there.
Crystal Luxon is in Europe standing by for the NATO
meeting sixteen more million dollars for the Ukrainians. He is
with us after the News, which is next.

Speaker 1 (44:25):
New Zealand's home for trusted news and views, the Mike
Hosking Break Bend with Bailey's Real Estate doing real estate
differently since nineteen seventy three.

Speaker 5 (44:35):
News Togsdad b twenty.

Speaker 2 (44:36):
Three minutes away from Ete Sport afterlight. Of course, meantime,
we've found the Prime Minister in Europe this morning ahead
of the latest NATO meeting. Crystal luxers with us. Very
good morning to you today, Very well Indu. Before we
get to NATO itself related matters that Iran. How worried
are you?

Speaker 12 (44:53):
Oh?

Speaker 5 (44:53):
Look, I mean it is worrying.

Speaker 15 (44:55):
We really need to see sort of diplomacy and dialogue
take place, because that's the way you get a solutions
what's needed. They're not more military action, frankly across the
Middle East and yeah it's you know, it's an area
ridden with conflict and it's of course huge amounts of
pain are suffering for lots of people. But if you
want peace and stability in that region, you've got to
be able to get the parties to get around the
table and have a negotiation. And hopefully now that's what

(45:17):
can happen in the next few days and weeks.

Speaker 2 (45:19):
Do you worry about things like the who most straight
and the price of oil and inflation and the effect
on the economy.

Speaker 15 (45:27):
Yep, I mean, all of those things are possibilities. But
you know what we've got to encourage the regional players
and actors to do. And you know, let's acknowledge we're
a small country that's a long long way away from
this conflict, but you know it is in the world's
interest to see stability in the region. And but you know,
more frankly, more military action isn't the way to deliver that.
You actually need to get the parties to want to

(45:49):
come to the table. And you know, that's what I
think everyone's exalting the parties and players to do post
the strikes that we've seen over the last twenty four hours.
So that's the opportunity now in front of the players
to say, well, you know, you know, if you want,
you've got to get to a political solution.

Speaker 5 (46:02):
Ultimately, that means you've got to show.

Speaker 15 (46:03):
Up and actually have a negotiation and an engage in.

Speaker 5 (46:06):
Some dialogue to do so.

Speaker 2 (46:07):
Do you support what the Americans did?

Speaker 15 (46:10):
Well, again, we are what we want to see in
the Middle East is not Iran with a nuclear weapon.
We don't want to see, you know, Israel occupying Gaza.
We don't want to see how mass holding on to hostages.
You know, in all of those cases, the chances to
sort of now get on and get into proper negotiations
to get the region calm down and stable. Otherwise you're
going to have endless military action and constant conflicts and

(46:33):
that's going to cause huge you know, we've already seen
the Yeah, just look at Gazam like, I mean, ninety
four percent of the hospitals are destroyed. You know, eighty
percent of the people are displaced, one in five are
now facing famine. So you know, you've got to be
able to get round a table and have a sensible conversation.
As difficult as that will be, Let's be clear, it'd
be very difficult. But you know, carrying on the way
that things are is not the way through those issues.

Speaker 2 (46:54):
All right, let's go back to China. Eight hundred and
seventy one million dollars worth of business, which I'm glad
because all I heard was a little bit of visa
tweaking and one of the Chinese airlines are putting more
seats on What business did we do with who, when's
its start and who are they?

Speaker 5 (47:10):
Yeah, so look here's a good example.

Speaker 15 (47:12):
You've got about five hundred million people in the middle
classes over there. You've got a massive cosmetic sector, and
New Zealand's cosmetics companies and brands haven't been able to
sell them too China, in part because we've got a
different approach to animal testing. We have no animal testing
in New Zealand. China demands animal testing on products to
be sold in China. We found in pass through with
the government there that actually enables us to make sure

(47:35):
that we don't have our products tested on animals and
it's acceptable to the Chinese. And that creates about two
hundred million dollars for brands like Trilogy and Linden Leaves
and Ecostore and Antipothies. Now, so you know, they are
really really pumped because they've got great products with infused
Kiwi products that the Chinese consumers.

Speaker 5 (47:51):
Absolutely love, peculiar peculiarly.

Speaker 15 (47:54):
Made for the Chinese market, and they couldn't sell them
into the mass retail market. They could only sell them
through online channels. And that's about two hundred million dollars worth.
The thing that you're talking about, which is, you know,
the Southern links, something I've been on about for the
last ten years, even when I was at in New Zealand,
was that you've got this economic powerhouse called China, got
this other one called South America, and the fastest way
to connect them is actually third than the complete antivities

(48:15):
from each other, is actually through New Zealand and so
Auckland Airport becoming a freight hub between things about the
trade that happens between those two regions of the world,
and also the ability to bring Latin American tourists to
New Zealand as well as more Chinese tourists to New Zealand.
And then we supported that with the Transit fvisa. But
we needed an airline to actually make the connections, and

(48:37):
that's that's China Eastern who we were able to do
the deal with.

Speaker 5 (48:39):
While we were in Shanghai. So I've also got four million.

Speaker 2 (48:44):
Okay, so I've also got four hundred million for the
primary sector. Is that over and above we already here
in two way? Yeah it is, Yeah, it is.

Speaker 15 (48:51):
It's just basically what's happened. I was really impressed, Mike.
You know, the literacy of the New Zealand exporters into
the Chinese market is very, very high. But they also
are working with really outstanding Chinese distribution partners. They're actually
able to sell those products into more of regional China
out and you've gotta remember this, one hundred and twenty
cities in China with populations over a million people. So

(49:14):
you know a lot of it was signing deals with
new partners that actually could get those products that we
sell out to more parts of China. So yeah, so
that's how that sort of works around dairy, hort and meat.
But you know, can we free on fire up there?
You know, dairy on fire up there? Red meat actually
a huge opportunity. Wine very small, fifty one million dollars

(49:36):
only of wine sold, so huge opportunity for us to
grow wine into China as well. So yeah, a lot
of it is actually just them signing deals with better
and newer partners that actually can have Begger reach and
get the product to more Chinese consumers.

Speaker 2 (49:50):
Okay, so to the here and now you're in Brussels.
You meet the Dutch Prime Ministry as well, and NATO.
Anything tangible to come out of this week?

Speaker 5 (49:59):
Yeah, really, three things I'm focused on.

Speaker 15 (50:00):
I'm in Belgium tonight because tomorrow morning I want to
meet with the European President and talk about the EUFTA.

Speaker 5 (50:08):
As you know, that's gone up. We've grown about twenty
five percent our ex sports and.

Speaker 15 (50:12):
Other extra billion dollars out of just the European Union
in the last twelve months. So I just wanted to
reinforce the trade component with them at the macro European
Union level. I'll have a heap of bilaterals. I'll keep
shifting around as we go through the weekend, but you know,
already I think I've got fifteen or so sort of slotted.
And to meet individual leaders of countries and do the
relationship between New Zealand and individual countries.

Speaker 5 (50:34):
Netherlands is a great example.

Speaker 15 (50:36):
They're a biggest investor from Europe into New Zealand and
I want to you know, I want to be able
to spend some time with the Dutch you know team
as well.

Speaker 5 (50:46):
And then obviously NATO Peace.

Speaker 15 (50:48):
Will be very focused on European security issues, and of
course we're not there as members of NATO, we're there
as members of the Pacific Four, but we are affiliate
sort of partners. And there are some issues obviously like
Ukraine where you have North Korea providing munisions and troops
to Russia to fight a war in Ukraine that have
a huge impact and touch into our region as well.
So it'll be a good interesting to see where everyone's

(51:10):
heads are at on different issues, and particularly Ukraine and
other issues are globally as well.

Speaker 2 (51:14):
Okay, domestic issue. Shane Jones gave a speech last week
said we should get regional councils, should we.

Speaker 15 (51:20):
Well, we're working through the Resource Management Act. You know,
I have a personal view that I think that's something
that we can explore as part of that Resource Management
Act legislation at Chris Bishop's driving through.

Speaker 5 (51:32):
He'll bring a bill to the House before the end
of this year.

Speaker 15 (51:35):
We'll be introduced into Parliament because we've got to change
our RAMA laws pretty quickly. But I think we've got
too many layers of government. Frankly, if I'm honest with you,
and so whether it's district council's, regional council, central government,
You've got a lot of farmers and folk that are
having to present lots of different information and lots of
different ways, and so I think that will naturally be
explored as part of the RMA laws.

Speaker 2 (51:56):
Excellent. I've thought you were going to say no, but
this is good because I've did some work over the weekend.
I've looked at every rate increase from every council in
this country. It is shocking and it is adding to inflation.
As regards what Bishop said last week about housing decisions
and overriding councils. What can you do with anything about

(52:18):
rates and general inflationary costs that are just being loaded
upon us.

Speaker 5 (52:23):
Yeah, well, yeah exactly.

Speaker 15 (52:25):
I mean, well, as I've been saying consistently, you know,
there's a lot of councils doing some really dumb things
and that is actually just adding costs. And there's a
lot of it's vanity projects and nice to do stuff,
not must do stuff. You know, we want them focus
on the must do things and we want them adding really.

Speaker 5 (52:38):
Good value to rate payers. So you know, we've looked,
we've already floated out there.

Speaker 15 (52:42):
We're very interested in rate rate caps arms we actually
can capt the amount of rate increases.

Speaker 5 (52:48):
You know, Simon wats is continuing to look at that
piece of work.

Speaker 15 (52:52):
I think there's also a lot to do around getting
these councils to organize their finances and it gets very
technical with their balance sheets and leverage them in the
right way. If you think about Auckland, for example, you
know Wayne Brown was contemplating a twenty four percent rate rise.
We ended up putting the water care assets into a
separate structure, a different entity, and that then therefore freedom

(53:13):
up and he had eight hundred million dollars more. He
did a six or seven percent rate increase from memory
as a consequence of dealing with restructuring his finances in
a much smarter way, using debt in a different way,
and some of those just being smart with the balance sheet.

Speaker 5 (53:28):
The reasons some of that stuff in the worked.

Speaker 2 (53:30):
Okay, for the record, we can look at fewer councils
and we can look at rate capping.

Speaker 15 (53:37):
Yeah, And the thing that I've talked to Algnz about
is also there is actually some appetite from the local
communities now for district councils to start to think about
how they might work together. You've actually even got some
local mayors advocating for amalgamation, you know. And part of
what's happening is as they work together on their regional
city deals, you know, we don't want to deal with
each individual council. We want to do with group subregions

(53:59):
of New Zealand. As they work on how they're going.

Speaker 5 (54:02):
To structure their three Waters assets.

Speaker 15 (54:04):
They're getting some experience of working together and then you
start to logically say, well, why do we have different councils,
Why wouldn't we just work together permanently. So but that's
got to be a bottom up driven thing. But for us,
I think, you know, the RMA laws, we've really an
opportunity for us to think about, have we over complicated
the country and it's just taking too long to get
stuff done and resource consented? And is there a better

(54:25):
smarter way of doing some of that stuff? And then
I think the counsels themselves, there's some things around using
their balance sheets better and ultimately yeah, you know, looking
at things like rates caps and stuff like that that
forces them to make sure they're doing the basics well good.

Speaker 2 (54:39):
Sooner the better go well appreciate it. Chrystal Luxe and
out of Brussels for us this morning thirteen to.

Speaker 1 (54:43):
Wake the Mic Asking Break First, a full show podcast
on iHeartRadio powered by News Talks at Me.

Speaker 2 (54:51):
Mike Luxem's clearly on top of his game. Why is
he not more popular?

Speaker 12 (54:54):
Pat?

Speaker 2 (54:55):
It's an interesting question. People see them as being more
interested being overseas than they do domestically. You looked at
the EPSOS poll the other day. Most of the issues,
apart from the economy, are favored by labor. Talk to
Mark and Jinny about that on Wednesday. It's an interesting topic. Mike.
The answer isn't to get rid of the regional councils.
It's to make them territorial authorities and get rid of
all the rest. It would leave us with about twelve. Honestly,

(55:16):
if we had half dozen councils in the country, would
you notice the difference? Would you care? I'm just the
reason I got all the numbers over the weekend for
the councils. I'll come to it later on in the week,
but I mean, I just thought I'm gonna go round
every single council, for example, there's seventy something of them.
It's just ridiculous by a plenty eight point two. Greater
Wellington nine point seven, Hamilton fifteen point five, Hastings fifteen,

(55:38):
hat City twelve point eight, Taranaki twelve point I mean
it's a joke. No one else gets away with this nonsense.
There is a couple in the country who you had
roughly Okay Northland regional three, Why Tomo two point nine
to three, wan Anui two point two? Who are Nui
three point three? Just outside inflation, but at least it's

(55:59):
not as you know Kluth of sixteen. I mean, come on, no,
I'll come back to it later on the week when
I got time right. Universities really quickly, so four of
our eight have improved good. This is the QS World
University Ranking fifteen hundred institutions, one hundred and six countries.
University of Auckland highest ranked at sixty fifth. That's not changed,

(56:19):
has always been the highest ranked, the other seventh between
one ninety seven and four hundred and ten. A Tiger
Massy Victoria aut Up a Tiger returning to the top
two hundred for the first time since twenty twenty two.
That'll be Grant Robinson genius is slowly being spread. Overall
average score of fifty one puts the country fifth in
the world. And I listen to this where overall fifth

(56:42):
in the world for overall quality of higher education, only
Hong Kong, Netherlands, Sweden, Switzerland are better performing as for
our friends in Australia. More shortly eight away from eight.

Speaker 1 (56:54):
The Mike hosting Breakfast with the Defender Octurn News toks
dead b Yeah.

Speaker 2 (56:58):
So the only countries out perform us in terms of
overall university education and quality of Hong Kong, the Netherlands,
Sweden and Switzerland. It's not bad as mit America their
first Imperial College and Stamford one, two and three. But
in Australia on the same rankings, they've slipped a turbulent years.
What they're calling it, it's a wake up call. And

(57:19):
they talk of growing competition in the region. Now when
they say the region, they talk about us. So this
whole thing, and I was trying to raise it earlier
on in the program, this whole thing about Australia's got
to be yenograss as greener and oh it's fantastic and
let's all go there. They've got major, major problems. Any
number of articles I've been reading in the last couple
of weeks. Getting into the healthcare system in Australia's nine impossible.
The cost of housing is nine impossible. As I said earlier,

(57:42):
there are more people working multiple jobs than there ever
have been since records began. University of Melbourne slipped six
places from thirteen to nineteen, so they still beat us.
Their top university still beats ours by a considerable margin,
but twenty five of their university's dropped last year, so
at least they're taking it seriously and they are worried
about it. But my insurance for houses, cars increases in

(58:02):
the past twelve months and in huge twenty to thirty
eight percent. Private medical assurance sixteen percent. I see. I
don't want to defend the insurance industry, but they can
cite storms, floods, damage. They can say, see that over there,
because of that, we need to charge you more. Now
I'm not defending it. I'm just saying they've got an explanation.

(58:22):
Private medicals not dissimilar. Councils don't have the same thing. Oh,
they'll tell you the pipes are old, and we put
up too many Mari road signs and all the rest
of it. But at the end of the day, somebody's
got to do something about it because they're not going
to and so that's where this idea. I thought Shane
Jones was just being Shane Jones getting rid of original councils.
But as you heard from the Prime Minister this morning,

(58:42):
it seems to be seems to be real, It seems
to be a thing, and they cannot get on with
that fast enough. Andrew Savill, Jason Pine. They're in the
commentary box and that is next after the news, which
is in a couple of momencery reviews.

Speaker 5 (58:55):
Tools.

Speaker 1 (58:55):
He'd be setting the agenda and talking the big issues,
the Conking, Breakfast with al Vida, retirement, communities, life your Way,
news talks, head brooms, no wrong, no run Come.

Speaker 15 (59:13):
I still come to Walker and get the victory over
the Warriors twenty eight points to eighteen.

Speaker 18 (59:21):
Alcome, plaster Boats, a Little Tops, the True Siders of Donuts,
The Redemption Ark is the plates Hosni side, The cru
Siders return to Podker. They've won the final six stay
nights at All.

Speaker 1 (59:43):
The Monday Morning commentary box on the Mike Husking Breakfast
with Spears Finance, supporting Kiwi businesses with finance solutions for
over fifty years.

Speaker 2 (59:51):
Let's cover off Jason Pines with us along with Andrew
Seild Morning guys, Mon, Mike Scott Dixon. Six laps to go.
He's gonna win it till he runs out of petrol,
has to for a splash and dash and comes ninth.

Speaker 11 (01:00:03):
How do you explain that?

Speaker 2 (01:00:05):
He seems to I'm no expert, but he seems to
coast a lot. They quite well, they're trying to run
the car as close to zero as they can. Obviously,
wait and he's very very good at coasting and holding
off or lifting as they say in the game. But
obviously something went wrong. The calculation didn't work. But anyway,
one moment you first, next moment you're out of gas,

(01:00:26):
and the next thing you mind you Armstrong came fifth,
which I'm assuming is a result. I think it'll be
his best results so far. So here's a good story, right,
let's talk about it. Okay, So the rugby, I don't
want to spend too long on it because it's several
days old now, but I mean, were they Andrew ever
going to lose at home.

Speaker 19 (01:00:47):
Look, the Chiefs had a fantastic chance and there are
a couple of bounces of the ball, a couple of
key calls that I think were correct.

Speaker 11 (01:00:56):
Near the end that.

Speaker 19 (01:00:56):
Scrum penalty Fletcher Nule I thought was outstay. He'll be
a big loss for the All Blacks against France. But yeah,
with that home advantage, they are very, very hard to be. Yes,
teams can beat them during the regular season in christ Church,
but when it comes to play, clearly they just lift immensely.

(01:01:17):
That performance on Saturday night reaped of old school Crusader
big defense, calls and tight moments, big.

Speaker 11 (01:01:28):
Crowd, great atmosphere and great support.

Speaker 19 (01:01:31):
And yeah, it just had that of an inevitable look
of it, especially the last twenty thirty.

Speaker 2 (01:01:36):
And Jason for Rob Penny, what a great story because
he's a great guy.

Speaker 12 (01:01:41):
Yeah, loved it, Mike. I was lucky enough to be
there on Saturday night. And you forget how much Crusaders
fans love the Crusaders until you go to a game.
There just incredible atmosphere and yeah, it was in the
coaches just in front of the coach's box, turned around
at the end and there's Rob Penny just with a
very satisfied smile on his face, looking down, and and

(01:02:01):
every time I look down onto the field and the
celebrations afterwards, I was sort of drawn to Rob Penny,
just quietly but happily celebrating. Man. He went through a
lot last year. He was really under the pump more
than any Crusaders coach I think in history. So yeah,
redemption for him, the player is all said afterwards. We
did that for our coach, So yeah, that was a
pretty cool story.

Speaker 2 (01:02:21):
Well you'll be back, won't you. I mean, this business,
I'm not sure, you know, I don't know where's he going?

Speaker 11 (01:02:27):
Well, I don't know.

Speaker 12 (01:02:28):
I don't go fishing. I think you'll go fishing. I
think he's I mean, there's a temptation to come back,
right because you want to go again. But there's also
that old adage, isn't it you go out on top?
It's hard to do sometimes, But I'm not sure that
he will be back.

Speaker 19 (01:02:41):
Mike, does he want does he want that again? Does
he want another season?

Speaker 14 (01:02:48):
Yeah?

Speaker 11 (01:02:49):
Yused have won the title obviously, but does he want
to go through that again?

Speaker 2 (01:02:53):
He's only what is he sixty one? He's sixty one
or two.

Speaker 11 (01:02:55):
He's not. He's not old at all in coaching terms.

Speaker 19 (01:02:57):
No, I think you do something again. Now, let's not
forget he was signed for two years once Scott Robertson
got the All Black job. Penny was signed for a
couple of years with a view to bringing someone through,
that someone being I think Tomody Allison or others. And
then Alison has gone to the All Black so that's
fallen over. So he can he can stay on his
terms and leave on his terms probably.

Speaker 2 (01:03:18):
OK, fair enough. Now what about Andrew Peter Berling. Now
there's the story iring, that's the story of the weekend,
because it's been a long time since we've seen major
name shipped between teams. Yeah, and you got the two part.
And not only is he gone, but he's also I
don't think he's going to sail. Is he well?

Speaker 19 (01:03:37):
Under the rules? I don't think he can because you can't.
If you sailed in the last Cup, you can't sail
on a boat in this Cup. I think that's the rule.
There are changes to the protocol and to the rules
about nationality, but I think that rule may well stand, which.

Speaker 11 (01:03:51):
Would which would restrict Burling's involvement. So what are you getting?

Speaker 2 (01:03:57):
I mean you're getting what are you getting? You're getting
institutional and all that sort of stuff.

Speaker 11 (01:04:01):
I get exactly.

Speaker 19 (01:04:01):
You're getting his you're getting his engineering skills, you're getting
his design skills, you're getting all that intellectual property as
well from from teams. It's a great purchase by Luna Rosser.
Another team was always going to pick them up, but
Mike doesn't. Doesn't the America's Cup just start to have
a whiff of a poor man's sale.

Speaker 11 (01:04:23):
GP sal no, no, no.

Speaker 2 (01:04:25):
No, no, you've oversld that. I get what you're saying.
It's not the poor Man's America's Cup or theos not
big enough yet, but but it needs to the advantage
of GP has got this. They've got a lot of entries,
they've got a lot of events. It's exciting. People seem
to be into it. And once every three or four years,
the America's Cup, you know, comes along, goes, oh, here's

(01:04:46):
three countries who've decided.

Speaker 19 (01:04:48):
There's going to be t New Zealand, there's going to
be some sort of British entry you to show, and
there's going to be Lunar Rosser.

Speaker 2 (01:04:53):
Yeah, yeah, that's that's it's downside. It needs more of that.
It needs some sort of tie up, it needs some
sort of fizz to it.

Speaker 11 (01:05:00):
It's not there.

Speaker 19 (01:05:00):
And the nationality, the national team field, I think that's.

Speaker 2 (01:05:04):
Long gone out the window exactly. I don't mind that.
I couldn't fear less about that. I'm not into that.
I mean, we don't follow teams. I mean you look
at the Houston Rockets. You're following Houston Rockets because they're
a good sit or because Steven Adams plays with them.

Speaker 12 (01:05:16):
Yeah, just being on the boat thing, Mike, the thing
for Peter Burling. He's always struck me as a guy
who wants to be out on the water. He wants
to have the ocean spray in his face.

Speaker 1 (01:05:26):
You know.

Speaker 11 (01:05:28):
Yeah.

Speaker 12 (01:05:29):
But and I've heard all this stuff about how he
adds a lot of value to I don't think he's
sure of a bob Mike. I think he'll probably be okay.
But I feel like he's a sailor. He wants to
be out there and he can do that in sal Gp.
Perhaps he scratches at it and he's he's an off
the water. Whatever he does, he'll be an asset.

Speaker 19 (01:05:49):
If you offered seven figure some per year to go
and help another team win the America's Cup in Italy.
We're Team New Zealand.

Speaker 11 (01:05:59):
Had to end it. Let's not forget that.

Speaker 19 (01:06:01):
That's that's quite a tragg of end. Take it off
the team where you had a little bit of a
falling out. I would imagine with this.

Speaker 3 (01:06:08):
With the with the boss.

Speaker 2 (01:06:09):
Yeah, fair cor brief break more on the moment, Andrew Sevil,
Jason Pine fourteen past.

Speaker 1 (01:06:13):
The Mic Husking Breakfast Full Show podcast on iHeartRadio, Howard By.

Speaker 2 (01:06:18):
News Talks at b seventeen past eight.

Speaker 1 (01:06:23):
The Monday Morning commentary box on the Mike Husking Breakfast
with Spears Finance, supporting Kiwi businesses with finance solutions for
over fifty years.

Speaker 2 (01:06:32):
Should I interrupt my lunch Jason for the naming of
the squad.

Speaker 12 (01:06:36):
I think I'm interested to find out who the new
guys are, Mike. I don't think we'll see anywhere near
as many as last year. I think Razor brought ten
new all blacks on board across last year, and I
don't think there'll be anything close to that this year.
I'm keen to see what he does with the loose forwards,
whether there's room for duplasy Khalifi. I hope there is.
For Christian Leo Willie again. I hope there is what

(01:06:58):
he does with Mark Talaya. Sam will more about this,
but I get the feeling that he won't be involved
given the fact that he's heading off shore, and just
a couple of players who perhaps haven't quite delivered at
Super Raby level this year, who have been established all blacks.
Will they be okay for their spots. I'm just interested
to see, Yes the names Sam.

Speaker 19 (01:07:20):
I think there'll be a few names in there, Mike,
and there'll be a host of regulars.

Speaker 11 (01:07:24):
Obviously.

Speaker 19 (01:07:25):
Ethan Blackadder, I think has played his way in the
more he stays injury for the better he gets. Clearly
he's been huge for the Crusaders the last few weeks.
New names Fabian Holland to Hyland is luck. He's a huge,
hulking man. I think he'll do okay at test level.
I just he's going to pick yes much bigger thank you,

(01:07:47):
Scott Robertson. I hope that if he does pick new faces,
that he uses them. It's a balancing act this French series.
I think the French will come still with a few
big names and the All Blacks will need to win obviously,
so there may be some juggling in the first first
couple of test matches, but no, there'll be some intriguing
in the micro sure there always Well.

Speaker 2 (01:08:08):
He's now Jason. Do you know Jason the boss here
at z B. Yes, I know, right, So he's away
today on personal matters. But which is just as well,
because I was informed not long ago that he had
twenty dollars on the Panthers to win.

Speaker 12 (01:08:24):
What there's that is it?

Speaker 2 (01:08:28):
Well, first of all, he's done well. It's not he's
done well. There's not the fact he's done well, Andrew,
it's the fact he's a traitor.

Speaker 19 (01:08:36):
But he's probably having a day off and he's on
a flight to Fiji or something.

Speaker 2 (01:08:40):
Four bucks twenty bucks, you get, Sadie, that's not bad.

Speaker 12 (01:08:45):
Yeah, that's at that point again that I can't remember
the Panther's being four dollars against anybody.

Speaker 2 (01:08:50):
That's true.

Speaker 12 (01:08:51):
I know they've had a different season, but I don't know.

Speaker 19 (01:08:53):
I had the look of an old Warriors performance and
that game is supposed to win.

Speaker 2 (01:08:58):
Yes, yeah, I didn't see it. I couldn't see it.
I thought it was you know, like we got some
injuries and we didn't play as well as we might have,
but they played well. I thought Pens played well because
they are a good side that's just had a weird season.

Speaker 11 (01:09:12):
But how you half a team and still yeah.

Speaker 2 (01:09:16):
Well, because they've got depth. But I'm not worried about it, Andrew.
All I'm saying is look at the top four where
we're at. We're so we're fourth, which I don't think
it is true anyway, but there's a six point You
realize the six point gap between fourth and fifth.

Speaker 19 (01:09:30):
Yeah, when you're playing the Penrith team missing half aside
because of origin, and you're playing the home are the
games the nail?

Speaker 2 (01:09:38):
Well, what about my argument, we've done so well so far,
you're going to lose. Everyone's going to lose a couple.
Everyone's going to lose a couple. Look at the top
of the table, the Bulldogs, how many they lost? They've
lost too mm hmm.

Speaker 12 (01:09:51):
Raiders lost, The Crusaders lost at home, didn't they. The
Crusaders lost at home to Malina Pacifica And on Saturday
at the end of the day, Well on.

Speaker 2 (01:09:59):
Jason, that's why you're on the show. See said, that's
the sort of positive.

Speaker 19 (01:10:02):
I'm not saying give up all their seasons in but
the other games you've got to nail.

Speaker 2 (01:10:07):
No, not necessarily. You can lose a few along the way,
as long as you play well when it counts. Isn't
that right, my friend Jason.

Speaker 12 (01:10:13):
Well, I would have thought so. Well, Look, I think
they should have won the game. I mean, you're right,
everything pointed to a warrior's whin. Yeah, but yeah, I
don't think your hand had any silverware in the middle
of June, did right?

Speaker 2 (01:10:24):
Do you know what I thoroughly enjoyed. I watched the Supercars.
Neither of you two will have watched the Supercars, did
you No?

Speaker 11 (01:10:30):
I saw a little bit of it. Might the key
we said the.

Speaker 2 (01:10:33):
Kyle Ellen, Ryan Wood and Kyle Ellen. So you can
add now to Matt Pain, which we've been going on
about all season, Kyle and Ryan Wood. I mean, that's
a lot of young ki we talent doing really, really
well and they're up against some of the best drivers
in the world and they're winning. So that was a
very successful weekend. So you can't argue with that, can you?

Speaker 11 (01:10:52):
If Evans from the Evans.

Speaker 2 (01:10:54):
Brood who Evans.

Speaker 11 (01:10:59):
Like Evans?

Speaker 2 (01:11:01):
Kile Ellen I said, Kyle Ellen and Ryan sorry Evans, Yeah,
the Evans are. Yes, it's the sun Evan. Mitch Evans
is the son off. But that's a completely different form
of racing. So not only are your negative at Andrew,
you're on complete.

Speaker 19 (01:11:14):
I didn't say race Evans is in the supercars. I
thought you said there isn't evens in the supercar.

Speaker 2 (01:11:19):
Yeah, there is actually, and that's now become a good
question and I'll need to find out what the answer
to that is. Anyway, while I do that, you guys
go and have some breakfast and get on with your
day and we'll catch up with your next Monday house.
That sound hope, I hope none of you are getting
a train today. There's no trains today. By the way,
you're aware of that.

Speaker 11 (01:11:35):
There's never any trains on.

Speaker 2 (01:11:37):
Well, said Andrew Savill and Jason Pine eight twenty two.

Speaker 1 (01:11:41):
The Mike Hosking Breakfast with Bailey's Real Estate News Dogs.

Speaker 2 (01:11:44):
They'd be now whether it's a logistics firm monitoring delivery
US in real time or a tech startup demanding seamless connectivity.
Kiwi businesses depend on the strong, the reliable networks. Of course,
with more than two thousand cell sites. We got forty
six hundred kilometers of fiber. Two degrees delivers will class
networks that keep businesses connected nationwide. So they're invested. They've
invested over a billion a billion dollars into the infrastructure

(01:12:06):
that empowers local companies to succeed, making them the fastest
growing telco in the business space. They're so confident by
the way and their network that they offer a thirty
day network guarantee. So join the thousands of chip businesses
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switch to two degrees. Switch telcos stay connected. Simple as that.
Get to business two degrees dot in z Ford slash business.

(01:12:26):
You got that two degrees dot in z Ford slash business.
T's and c's apply. Pasky Jackson Evans is not related
to our own mature simon. Doesn't mean he's not a
good guy though, just not related. Lakers are going for
ten billion in terms of valuation. So the Bus family,

(01:12:48):
which have owned them forever, in fact they purchased them
in nineteen seventy nine, going to flick them on. They
reckon that's going to value them at about ten billion.
You say, is that a lot of Money's tremendous amount
of money sports investment, as I keep telling you on
this program's going through the roof. Currently, the Giants are
looking for a to flick about ten percent. Giants as
in the Football New York Giants are looking to flick
about ten percent. And if they get the ten percent

(01:13:09):
at the money they want, that would value them at
in excess of ten billion dollars. So buying into American
sports teams is big, big business. Stephen Price is across
the Tasman this Monday morning. The News is next on
the Mike Hosking Breakfast. He would use talks Edben.

Speaker 1 (01:13:27):
The Breakfast show, Kiwi's Trust to stay in the known
the Mic Hosking Breakfast with the Defender Doctor the most
powerful defender ever made, and use talks dead be.

Speaker 2 (01:13:37):
The government got plenty from our position when it reinstated
interest deduction on rental's claiming it was necessary to stabilize
or reduce rental costs, and so it has the oppositions
going quite It's a very good point. We gave you
the rental numbers rental generally around the country are going backwards,
which is not necessarily good for the landlord, but it
has adjusted the market and it's easier to rent than
it has been. And you are correct, speaking of which,
if you want to do a bit of reading today,

(01:13:58):
there wasn't a bad piece. David Seymour did a couple
of interesting things. One, as you'll be aware that he
went to Oxford. Was it last week of the week before,
doesn't matter. He's in a debate. What I didn't realize
and this is what he outlines in his Herald article.
I went to the headliners. I went to Oxford to
test my beliefs and learned a sad thing about New Zealand.
The sad thing he learned about New Zealand's interesting and
well worth reading. What I didn't realize, And of course

(01:14:20):
the Oxford debate comes out of the famous long E line.
He mentions that he lost, but of course he was
part of a team, and I don't know how many
people were aware of that. He was part of quite
a large team. And two teams debate, and then the
people listening then go out different doors yay or nay
type doors like parliaments of old. So he makes a
couple of really interesting points about that other thing the
act Party did over the weekend was posted an interview

(01:14:41):
that Seymour did with John Campbell of TV and Z
and these days increasingly act of filming everything they do.
They've been doing it for a while on what they
call the tiles in the middle of Parliament. So when
you see the guys on the news and they're wandering
through on the tiles on the way to the Parliament,
act of filming the whole thing and what they're trying
to do get around the way the media portrays them.

(01:15:02):
And they make a very good point because of course
what you see on the news, particularly at night, is
like ten seconds worth of this and fifteen seconds worth
of that, and it doesn't automatically or invariably ever tell
you the complete and full story. And so they film
it themselves, stick it on their own website so you
can see it in totality and you can make up
your mind. Now the John Campbell interview and the way

(01:15:24):
he handled himself or didn't handle himself when Seymour entered
the room. It's the stuff that would never make it
to air. It is a fascinating watch. And so there's
a couple of things you can do today if you're
not waiting for the all black naming twenty one minutes
away from.

Speaker 1 (01:15:38):
Nine International correspondence with endsit Eye Insurance, peace of mind
for New Zealand business.

Speaker 2 (01:15:43):
So you see, Prius, very good morning to you, Ronnie.
So the world's involved, of course when we're watching and waiting.
Two questions, what's Australia do Are they involved in any way,
shape or form? And two what about Australian stuck in
that part of the world and what are you doing
about that?

Speaker 20 (01:15:57):
On the first point, without overstating it, I'd have to
say the Australian American relationship is probably at one of
the lowest levels I can ever remember in my lifetime.
It was extraordinary. Yesterday we were waiting and waiting and
waiting all day long for some reaction out of Canberra
as to what they thought of Donald Trump's attack on

(01:16:18):
the nuclear facilities in Iran.

Speaker 2 (01:16:20):
Well, when it.

Speaker 20 (01:16:21):
Came, it was so bland as to almost be non existent.
At the time the bombing was taking place, out of
Defense Minister as a boat by the name of Richard Miles.
He was on Sky News and he was still there
talking about de escalation and how we need peace in
our time, and we shouldn't be doing anything to upset
anybody too much. I'm paraphrasing there obviously, but it was

(01:16:45):
very embarrassing. I mean, no one knew that mid morning
on a Sunday in this part of the world that
we were going to learn of this remarkable attack by
the US on the run. But Richard Miles just looked
silly and stupid, and then that statement came out, which
basically said, you know, it's a volatile area. We know
the US President has said it's now time for peace.

(01:17:09):
I mean, this is a country, Australia, which has a
number of vital US Australian joint defense bases, one of
the most important being a place called the Northwest Shelf
in Wa. Now that is perfectly situated and has been
used for since the mid sixties for communication to the

(01:17:30):
United States submarine fleet because it's so clear and has
great line of sight, and we know those submarines were
used yesterday to fire off Tomahawk missions, so very clearly.
I mean, we'll never know, but you would imagine that
the Northwest Shelf communications base was used in the attack

(01:17:51):
on the run itself. But do we have the Prime
Minister come out and saying anything. No, what happens now
about this so called visit He's going to make the
NATO to catch up with Donald Trump. I mean, if
if you've got an ally, don't you support them?

Speaker 2 (01:18:05):
No exactly, but is he going well, last I read
the way, is he actually going in? Is there a
meeting locked inn or is this going to be Is
he going to like literally chasing around the world.

Speaker 11 (01:18:14):
Well, we still don't know.

Speaker 20 (01:18:15):
I mean the presumption was after the debarkle of the
G seven that he would, but he may now just
send the bloke I mentioned, Richard Marsa to not be
embarrassed if Donald Trump again refuses to sit down and
talk to him. So I think the latter will probably
have on the evacuation. On the evacuation situation, we have
had three Air Force C seven een Blodmaster planes flying

(01:18:39):
to Dubai. We've got access to an air base just
new Debai called Al Minhad. The first one got there
on Friday night. Now what's happening is Australians who want
to get out of Israel as opposed to Iran being
taken by bus across the border into Jordan, and then
the airspace around Jordan has opened up, and so they're

(01:19:02):
able to be flown out at Jordan into Dubai and
then the Air Force will bring them home. How many
people will get back that way, I'm not sure. The
first group has come back. So there's three C seventeens
operating and I would only imagine that if New Zealanders
wanted to access that they would probably be able to.

Speaker 11 (01:19:20):
I'm not sure the.

Speaker 2 (01:19:22):
Speaking of miles. I read an article over the weekend
Keating have viscerated and this has more to do with
China or a moment when an Australian labor government intellectually
ceded to Australia to the United States as a platform
for the US and by implication, Australia for military engagement
against the Chinese state in response to a threat China
as alleging. Anyway, is this Keating being Keating or does
he make a reasonable point.

Speaker 20 (01:19:43):
Heading being Tating? I mean he's always for years now
spoken up on behalf of China. I don't think we
need to go any further about that for obvious reasons.

Speaker 2 (01:19:53):
ACDC it's on is it? Oh my god?

Speaker 20 (01:19:57):
Have you not got dates?

Speaker 2 (01:19:59):
I haven't got dates? You got dates?

Speaker 1 (01:20:01):
Oh?

Speaker 13 (01:20:01):
I ever?

Speaker 2 (01:20:03):
I couldn't give them monkeys.

Speaker 3 (01:20:05):
Oh, come on, the.

Speaker 20 (01:20:06):
Greatest rock band in the world. Power Up is the
name of the series. They're at the Mighty mcg on
November twelve Stadium, Yes, November twenty one in Sydney. They're
actually performing at a V eight Supercars event in Avlaide
on the thirtieth of November, and then Perth on December
four and Brisbane on December fourteen. They sold one point

(01:20:29):
seven million tickets in one day for their European leg
of that too, are one point seven million spent ten
years since they've been here. Tickets are going to cost
you one hundred and thirty two dollars and forty five
percent one ticket, and there's no pre sales. So the
band sold five hundred and twenty thousand tickets when they

(01:20:50):
last too here in twenty fifteen.

Speaker 2 (01:20:53):
I reckon they still got a little bit old. I'd
worry about age huge.

Speaker 20 (01:20:58):
Well, you can't be ag just like that, And look
at Mick Jagger and Keith Richards. I'm still on television.
Well I am until tonight.

Speaker 2 (01:21:06):
Well I was going to say, funnily enough, you say,
is tonight your last night? Yes? On the project? Yeah,
and so will that be because I read something over
the weekend there was a person who appears on a
Friday or whatever and she burst into tears. Are you
going to burst into tears? What's going to happen?

Speaker 20 (01:21:18):
There be tears, be tears for sure?

Speaker 2 (01:21:21):
Will there be tears that they'll miss you? Or you'll
have tears that you won't be back? How do you
think that'll work?

Speaker 20 (01:21:26):
I think they'll be crimes crime with joy that they
weren't me.

Speaker 2 (01:21:30):
Well, you enjoy it tonight. We'll catch up on Wednesday.
Appreciate it very much. The project if you weren't aware
In Australia, we talked about it the other day's when
canceled and it finishes this Thursday or Friday. But Steve
appears each Monday night, so that'll be his last appearance
after fifteen or sixteen years. Eight forty five.

Speaker 1 (01:21:47):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, powered
by News Talks.

Speaker 3 (01:21:52):
At be.

Speaker 14 (01:21:55):
Mike.

Speaker 2 (01:21:56):
Have you read page nineteen of the Herald? That's an
old fashioned way of saying it isn't page nineteen, meaning
you've got a hard copy of it on Clarkson's farm,
Suggesting you be the new Zealand Clarkson very funny. I
have actually read several people texted me earlier on It's
not a bad Peace. Actually a guy called Glenn Dwight
wrote it, and I can't remember. He's got me as

(01:22:18):
the farmer. He's got Caleb. I don't know who he's
recommending for Caleb.

Speaker 11 (01:22:23):
He just wants a young farmer.

Speaker 2 (01:22:24):
He just wants a young farmer as a Caleb.

Speaker 9 (01:22:26):
Did we just sort of drive past a farm, put
a bag over his head and pull him into the.

Speaker 2 (01:22:30):
Rab I've got. He's got John Key as Charlie, which
I thought was quite good. It's got real potential. But
the big question is who's dual Hey ac DC drummer
Michaels and Towroing. It's true. I can't remember his name.
Was it Phil somebody the drummer from ac DC, I
can't remember. Lives in Towering. Had a very nice house
on the waterfront there and every now and again. I

(01:22:51):
don't know if it's still true, but he had a
very nice house and even nicer house I thought. But
if you played at the Omo Karoa golf course, you
would hear on a Sunday morning just this U goodly
amount of music and you thought, oh, that's old what's
his name's house? Then yeah, Phil ram just too anyway,

(01:23:12):
so you listen to old Phil and his music and
you think, I wonder if he is actually playing that
or he's just got the music, you know, wound up
on the stereo. Anyway, he sold that and he moved
to the waterfront apparently. But then every now and again,
if you followed the car listings, you'd see a really
cool car listed and you thought, what's what's a Lamborghini
Merchi a Lago doing in tower On And chances are

(01:23:35):
it was Phil's moving as Garret John which brings me
to the Best Restaurants in the World. For the twenty
twenty five list of the world's fifty best restaurants, the
Oscars of Innovative Fine Dining, they had a ceremony over
the weekend in Turin and Miido is the best restaurant
in the world. It's in Lima, which I would have
thought in and of itself is sort of an impediment

(01:23:56):
because how many people end up going to Lima. A
third best restaurant in the world is in Mexico City.
So I mean, first of all, you've got to get
to these places. The only one I got, Wing is
quite a famous one. If you ever want to go
to a nice restaurant in Hong Kong, Wing is particularly famous.
And the other one I Owedette, which I happen to
have been to, I've been to a debt in Singapore

(01:24:17):
and it's one of those places if it's the same
place I'm thinking. In fact, I went with my brother.
Katie was there, but he came along. But it was
one of those places they ended up hating us because
it was one of those places that you chose a
tasting menu and from memory it was either something that
was ridiculous. It was like ten, twelve, fifteen or twenty

(01:24:38):
tasting dishes, and as each one came along, they were said, well,
we'll go for the for the twelve fourteen or whatever
it was. Then we started asking if they could change them,
and we go, well, I'm the one with the mushroom,
can you take the mushroom off? And so by the
time we'd done that about.

Speaker 5 (01:24:53):
So it's a high maintenance.

Speaker 8 (01:24:54):
When her he met Sally kind of very much.

Speaker 2 (01:24:56):
So by the time we'd asked about the fourth time,
they were just completely over nine away from nine.

Speaker 1 (01:25:02):
The Mic Hosking Breakfast with a Veda retirement Communities news
dogs had been I.

Speaker 2 (01:25:07):
Suppose it's some good news miss because of the bombing
over the weekend, But the US restarted student visa appointments. Internationally,
they're going to significantly there were not mine significantly tight
and social media vetting a comprehensive and thorough vetting bear
people who bear hostile attitudes towards our citizens, culture, government institutions,
or founding principles. They're looking for applicants who demonstrate a

(01:25:30):
history of political activism, especially when it's associated with violence
or with views with activities described above, you must consider
the likelihood they will continue such activity. In the United
States still a fraught time if you're a young New
Zealander looking to you know, scholarship and an American university.
Isn't it five minutes away from nine?

Speaker 1 (01:25:47):
Trending now with Chemist Warehouse celebrate big brands and bigger savings.

Speaker 10 (01:25:52):
But if one of the.

Speaker 2 (01:25:53):
Moment any where the biggers of.

Speaker 14 (01:26:00):
That for in the Crown and a John one of stop.

Speaker 2 (01:26:02):
Down from the movie f one which opens it last
on Thursday. It's been open for about three and a
half years now, but I suppose you saw more of
it if you follow the f one. They've just been
part of the record coverage seemingly forever. This is the
theme song I got.

Speaker 19 (01:26:17):
Got on that side, but bar it's called drive the Limit.

Speaker 2 (01:26:24):
It says here you recognize the voice for like when
going down, but the bath and the textually quickly now
if you don't, we can by. It's produced by John Mayer.
We're going through a John Mayer revival of our house role.
One of us was, I said, why are we playing
so much John Mayer? And she said, well, I'm just

(01:26:45):
going through a John Mayer revival. It turns out he's
got a lot of music. I never realized how much
music he's got. A tremendous amount of music would lasted
most of the day, says here d hearing see, I
still wouldn't recognize it when you tell me. Produced by
John Mayer. Rolls there as well. On the drums, we

(01:27:06):
got Sharon, we got Rose, you know, Rose got Roddy
rich Tate McCrae got the doom j Cat he doesn't
love the doge. And we got this from my man
Chris seventies California. Isn't it the seventies California type drive.

(01:27:31):
Mind you, how old is the drive? I can't believe.
How was he supposed to be? He's in his fifties.
You know what he would have been around fifties California,
wasn't He's in the fifties? And is Chris actually on
this or is he just wanted me to team? I
feel like I was checked into playing this song, so
I like doing I like Chris.

Speaker 5 (01:27:50):
I like Chris.

Speaker 11 (01:27:52):
It's one Chris Stables and song.

Speaker 5 (01:27:53):
I like, is this a nope?

Speaker 7 (01:27:56):
OK?

Speaker 2 (01:27:58):
I don't even think Chris is on this? No words anyway.
It opens at a theater near you, and as we
mentioned earlier on, it's one of the hot talking points
for being the movie of the year in terms of
box office. We're back tomorrow morning from six Happy Days.

Speaker 1 (01:28:13):
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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