Full Show Podcast: 24 April 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 mc hsking.
Breakfast with Bailey's Real Estate, your local experts across residential,
commercial and rural news Togsdad Been morning.

Speaker 2 (00:11):
And welcome today to Kidney Revamp. As the rules get changed?
Has Trump panicked on tariffs? We've got neur ruals from
banks to protect the scammed. New idea for New Zealand
cricket to keep our players. Tim Katy did the week,
Joe's and Rome and Rod ponies up the news from
the Netherland pasking Here we go seven past six. Tell
you what. Poles are funny things at the best of times,
and despite plenty of evidence that they can be as

(00:31):
wrong as they can be right, we still seem fascinated,
if not obsessed, by them. There are a couple of
races at the moment being heavily polled, Australia and Canada.
Canada votes this Monday. Australia in a couple of weeks.
Canada's way more interesting for no other reason than the
incumbents were losing by so far it wasn't funny, but
are now leading. The PM quit and the new bloke
Karney who once ran the bank of Canada and the

(00:53):
Bank of England is now chasing the top job. On
the surface, that change of leadership by itself might have
played a part in pots voter's mines. Trudeau was passed
as used by Dayton Jisinda Adern loved them, hated them
kind of way more likely south of the border, Trump
got elected, tariffs became an issue in Carney looks like
the person who can better stand up to America. Polling

(01:13):
out yesterday says the Conservatives are closing as people refocus
on local issues like housing and cost of living, but
the gap is still twelve points, which is amazing, an
amazing swing given the gap was twenty points the other
way until the tariff stole the headlines. Meantime, in Australia,
it's gone from a race where the incumbent would be
lucky to survive, far less thrive, where a hung Parliament

(01:36):
was probable, requiring any number of accommodations with the Greens
and the Teals, and the independence given a minority was
the best that Elbaneze could hope for, to what increasingly
looks like an easy romp home with a majority marginal seat.
Polling also out yesterday shows labor with a three and
a half percent swing in the past week. Another pole
at forty five percent of voters saying they didn't like

(01:56):
Dutton's personality, therefore they wouldn't vote. From competence, cost of living,
that apparently doesn't count. You look at him, you don't
like him. The taste hardly seems a sophisticated way to
decide the future of your nation. But then that's democracy,
isn't it. One argument says Elbow should when, of course,
because first term governments don't lose. Happened since the thirties.
But Canada tell you what if the polls are right,
that would be a victory from the ashes. What happens

(02:19):
in another country, i e. America is so profound the
party that was getting thrashed has their fortunes completely reversed.
That's one for the history books.

Speaker 1 (02:28):
Wow, news of the world in ninety six.

Speaker 2 (02:32):
So where are we at with this morning and this wonderful,
swelling world of tariffs and mixed messages? While Trumpet's treasury
man Bessense is giving the World Bank what four over China.

Speaker 3 (02:40):
China's current economic model is built on exporting its way
out of its economic troubles. It's an unsustainable model that
is not only harming China but the entire world. China
needs to change. China can start by moving its economy
away from export over capacity and towards supporting its own
consumers and domestic demand.

Speaker 2 (03:02):
Man himself is running the usual lines about deals and
fortunes falling from the sky.

Speaker 4 (03:07):
Teriff negotiations are going very well. We're dealing with many,
many countries. They all want to be involved with America.
We have a lot of action going on. We have
We're making a lot of money this country. This country
is not going to be losing money on trade anymore.
I think we were losing two trillion dollars a year
on trade.

Speaker 5 (03:25):
Now we're going to be making money, a.

Speaker 4 (03:26):
Lot of money.

Speaker 2 (03:27):
To Don's too, I see is that in the world
Reich writing that this whole Ukraine war come, peace deal come.
I'll get it sorted on by one Malachy. That's off
unless everyone gets moving.

Speaker 6 (03:37):
We've issued a very explicit proposal to both the Russians
and the Ukrainians, and it's time for them to either
say yes or for the United States to walk away
from this process. We've engaged in an extraordinary amount of diplomacy.
We're going to see if the Europeans, the Russians and
the Ukrainians are ultimately able to get this thing over the.

Speaker 2 (03:55):
Finish line associated met as. We gave you the Tesla
numbers yesterday. Of course they're a mess. Elon's heading back
to the office to focus on the cars.

Speaker 7 (04:03):
Starting May, my time allegation to do it will drop significantly.
I think I'll continue to spend a day or two
per week on govern matters for as long as the
President would like me to do so, and as long
as it is useful.

Speaker 2 (04:19):
Then to this terror attack and Kashmia twenty six a
day it's picked to receiason. The Indians are furious.

Speaker 8 (04:24):
Those behind this heenous acts will be brought to justice.
They will not be spared. The evil agenda will never succeed.
Our resolve to fight terrorism is unshakable. Finally, even stronger.

Speaker 2 (04:38):
Indeed, we have an Australian woman who has got it
Guinness World Record this morning for her collection of minions.
I think despicable me anyway, Aleasel's her name. She lives
in Wi. She's got one thousand and thirty five of them,
which makes that a record. She said I will never
stop buying Minions to bring home, to join my Minion,

(05:03):
to bring home to my Minion family. That is the
news of the world in ninety By the way, so
the ball which episode also has an election? May three,
the campaigning officially started yesterday. Their inflation came an unchanged
at zero point nine. That's headline core inflation at zero
point five, well and truly under control.

Speaker 1 (05:22):
Twelve past six, The Mic Hosking Breakfast Full Show podcast
on iHeartRadio, Car of My News talks EVY.

Speaker 2 (05:34):
Another fun day in Europe for Apple and Meta. Apple
failed to comply with anti steering obligations. Meta illegally required
users to consent to sharing their data with the company
or pay for an ad free service. You don't do
that in Europe because the Europeans will find you. On
Apple's case, there's a billion and a Metas case, it's
half a billion dollars. So fun times for them. Fifteen
past six.

Speaker 1 (05:53):
I have no money a month.

Speaker 2 (05:55):
My question would be how many times that to get
par you'll actually change the way they do business anyway.
From Westpac Chief economist Kelly cold is back with us.
Kelly morning, was Trump blinked you reckon has he blinked?
Is he panicked?

Speaker 9 (06:08):
Well, it certainly seems to be a bit of change
in tone coming through on a few areas. There's been
a bit of change of tune in terms of his
views on key personnel. You know, a couple of days
ago he was threatening to remove the fair chair, and
that caused a bit of a plunge in US markets
more generally, as people didn't really like the prospect of

(06:30):
the adult in the room leaving the kids till it.
But yesterday he announced a change of heart. He declared
that he actually had no intention of sacking power at all.
He just wanted to impress on him that he would
really prefer interest rates to be cut to suppoor growth.
Markets are of course very relieved to hear that, because
that's just the standard modus operandi of the government's relationship

(06:54):
with the Central Bank governor. It's in the job description
of the governor to be the person the government blames
it on the under performance and to moan to about
wanting lower interest rates. So that's all just in the
normal playbook. We've even got a bit of that going
on here in New Zealand, because the Minister of Finance
here has been professing her desire for the Reserve Bank

(07:14):
to be cut in rates as well for the negative
effects of these trade walk comes through.

Speaker 10 (07:19):
So that was all a bit of.

Speaker 9 (07:20):
A relief to markets. And coming after that as well,
there was the talk about potential trade deals and reduced
tariffs on China as well, and a trade deal with
India which has actually boost centimated as well. And the
last thing is Elon Musk looks like he's going to
be spending less time doging and more time teszling tesseling,

(07:42):
which has been a relief to everybody in the markets
as well.

Speaker 2 (07:46):
Exactly, we'll go to America after seven o'clock and talk
more about that. Now pmis around the world. Has the
trade or the tariff issue had yet or not?

Speaker 9 (07:55):
Well, not really, Mike. I mean we saw actually some
stronger pmis around world, particularly in Asia. Last night Australia
and yesterday Australia's PMI went up above fifty and having
expansion for the fourth consecutive month. The New order's component
was the strongest since November twenty twenty two. Similarly, Japan's

(08:16):
composite PMI was above the fifty expansion level. New Order
is rising for the sixth consecutive month, and again also
quite positive in the Indian pmis as.

Speaker 11 (08:27):
Well in the UK Ones Europe a bit more.

Speaker 9 (08:30):
Mixed there, but the issue there seems to be more
with the services sector as opposed to necessarily the manufacturing sector,
which should be most impeded by tariffs.

Speaker 2 (08:40):
Okay, and then we come to Treasury. Are they but
do what's going on with that update?

Speaker 9 (08:44):
Well, they are very negative. It tended to be a
bit negative, really, I suppose, but they gave the their
semi week two weekly update, and it's interesting because it
presumably reflects the scenario that's been presented to the Ministry
wor she prepares the budget next month. It's pretty grim
reading the Treasury basically a cherry picked probably some of

(09:07):
the more negative indicators that we've seen in the last
month or so, and then most making the point that
they think the recovery is disappointing. So they're pointing out,
for example, the drop back and consumer spending in the
PSI in March. They reckon that the rise in house
prices are still weak compared to year ago levels, and interestingly,

(09:28):
they even cast dispersions on the strength of the migration
data that we've been picking up for a few months now.
They don't think it's right, but we disagree. Actually, like
we've been looking into this and we've had to increase
our population growth forecast reflecting what really does look like
a bottoming of net migration at a higher level, where

(09:50):
arrivals of foreigners have been increasing, departures stabilizing. The minister, though,
was on the tapes talking about in this context, there's
going to be tough choices for making the budget setting
people up. I think that there will be some cuts
in areas to make room for spending initiatives. And reality

(10:11):
is that given that treasury outlook, she's probably looking at
a weaker revenue outlook than she had before and as
a result of some rispare that she has to delay
reaching a primary surplace in twenty twenty seven, twenty eight.
She says she's going to make it. She says she's
going to keep type policy in this budget. I kind

(10:33):
of think there's potentially a bit optimistic to try to
do that if they're really going to have a week
a week global economy next year. Certainly the IMF research
will tell you should really wait to consolidate the budget
when the economy is a bit more on the up
than make hayward.

Speaker 2 (10:51):
The sun shining all right, man, what are the numbers?

Speaker 12 (10:55):
Dell at one.

Speaker 9 (10:56):
Point four percent thirty nine seven thirty three s and
P five hundred is up two percent five three nine six.
There's that's up three percent sixteen eight one three foot
See is up point nine percent eighty four oh three
NICKI nick was up one point nine percent thirty four
eight six eight seeing High Composite was down small point

(11:20):
one percent three two nine six. The Australian ASX is
up one point three percent seven nine to two. Oh
our exchange up one percent eleven nine five six Qus
sixty cents on the nose again unchanged. Kwy Ossie ninety
four percent just up point two percent, not ninety four cent. Sorry,

(11:41):
k e uo fifty three cents up point three percent,
KWI Stirling point up point three also point four five,
k n eighty four point four five, n up point
seven percent, Gold down three point six percent three two
nine six, and oil down two two point four percent

(12:01):
at sixty five eighty four.

Speaker 2 (12:02):
Yeah, a good long weekend. Love you work, Kelly, you
cold Westpac Chief Economists Pasket something interesting to buy. It's
going to auction Southeby's. They announced it on Shakespeare's four
hundred and sixty first birthday. May twenty three is the
auction date. First time since nineteen eighty nine that we've
got a set of first, second, third, and fourth folios
being offered at auction. In a single lot. You will

(12:23):
need about seven and fifty copies printed back in the
sixteen hundreds two hundred and thirty nine to survive. Most
of them though in museums, universities, and library so to
be able to get one as amazing, you'll need about
nine million. Six twenty two. He reviews Talk SEVB.

Speaker 1 (12:41):
Good, the Mike Hosking Breakfast Full Show podcast on iHeartRadio
powered by News Talks at B.

Speaker 2 (12:49):
Just to wrap our election coverage, we started the show
with more than seven million Canadians cast their ballots in
advanced yesterday. Early voting opened yesterday. That's a record. People
are keen and there's a poll out this morning. I
don't know what it means. Elbow's getting increasingly popular. He's
gone up three percentage points to thirty eight. So when

(13:09):
your net approval that he's minus one, which isn't great,
but Dutton, unfortunately in the same pole is now the
most unpopular opposition leader this century at minus twenty six
twenty five.

Speaker 1 (13:21):
Trending now with jimis Wells book in Your Flu Vaccination Today.

Speaker 2 (13:26):
Something new from Netflix for you this morning, which is
just as well given they put the prices up yet again.
This is a doco called The Liver King untold. It's
about the bloke who built a supplement empire by devurring
raw meat on social media.

Speaker 1 (13:37):
Never Levy King, Lear King, Lever King Here. I've been
working out for the last thirty five years.

Speaker 3 (13:45):
The last fifteen of those years, I've been living an
ancestral lifestyle.

Speaker 2 (13:49):
White Basketball's when you can work, eat.

Speaker 1 (13:51):
Tactics found for us lever and meat.

Speaker 2 (13:54):
I was disgusting.

Speaker 6 (13:55):
Yeah, very Accesstral business had been growing twelve percent a
quarter every quarter.

Speaker 2 (13:59):
We have videos, hundreds of millions of years travels, travel
alvels of invisibility. That kind of feeling is a dangerous People.

Speaker 13 (14:12):
Would come to me and say, bro, like, come on,
he's done stereods, and I was saying, now, man, he's not.

Speaker 2 (14:17):
Yes, he is, sorry, buzzkill he is. He denied it
all of course, because he looks amazing. Unfortunately, email leak
it revealed he had been spending eleven thousand dollars a
month on the anoboloics. He's still got six point one
million followers on TikTok. Approving idiocy attracts a crowd. Anyway,
That whole documentary on Netflix is out on the thirteenth

(14:38):
of Mate. Now we'll talk to the Climate Minister shortly.
Why we're talking to the Climate minister as the Climate
Commission came out and they are wanting to keep the
prices for the carbon auction. If you haven't followed the
story of our carbon auction, please do because it's just
a fascinating insight into complete and uttering competence. So they
invented the thing called the carbon market. They have four
auctions a year. People come alo and they buy these

(15:01):
credits to offset their emissions. Trouble is, no one turns
up at these auctions, and part of the problem is
the pricing. So they've been mucking around with it since
day one. They're mucking around with it yet again and
seemingly nothing changes or has it. Anyway, the Minister on
that shortly.

Speaker 1 (15:17):
Mike host games be insightful, engaging and vital the Mic
Hosking Breakfast with a Vida, Retirement, Communities, Life Your Way, News, togs.

Speaker 2 (15:27):
Head Beetle, fascinating stats that show you the damage that
has literally been done in front of our eyes business
wise around the world as a result of the tariff
meantime in the States, he doesn't trump, He doesn't appear
overly worried about the tariffs at the moment, despite the
fact he blinked yesterday. On his mind today is the
possibility of what he turns two beautiful poles to display
some flags.

Speaker 4 (15:48):
We're putting up a beautiful almost one hundred foot tall
American flag on this side and another one on the
other side, two flags top of the lines. And they've
needed flags for two hundred years. It was something I've
often said, you know, they don't have a flag pole
per se. So we're putting one right where you saw us,

(16:10):
and we're putting another one on the other side, on
top of the mounds. It's going to be a too beautiful.

Speaker 2 (16:16):
Form, top of the line, top of the mounds, top
of the poles. Twenty three minutes away from seven go
to Rome in a moment with Joe mckenner. Of course,
Climate News as we heading the long weekend, the Climate
Change Commission is recommending ETS prices should remain as they
are emissions trading scheme. Of course, their argument is consistently
leads to confidency. Their argument is that consistency leads to confidence, which,

(16:39):
if you follow the carbon market, is exactly what we
need given up take a auction. Time of course has
been a shamble as of late. Climate Change Minister Simon
Watsons well us very good morning, morning, Mike, break beyond
now fewer credits are same price? Do we have a
winning formula now or not?

Speaker 14 (16:55):
Well, look what the Climate Change Commission has said, and
for the first time in a long time, there's actually
the settings that we put in place last year seemed
to be working. Basically, make no further changes, hand off
the tiller, and you know that's a positive feedback. We're
obtually going to review their report where only got it yesterday,
and make sure we've gone through all the detail. But

(17:16):
the feedback at a headline level is the changes that
we did last year to try and stabilize a market
it was pretty volatile when we came into government eighteen
months ago. Seemed to be doing what it was meant
to do and that's positive for the market.

Speaker 2 (17:29):
What is it meant to do given that none of
the auctions worked last year on the first option, this
year didn't work either.

Speaker 9 (17:35):
Well.

Speaker 14 (17:35):
The reality of in terms of whether auction clears or
not is a demand and supply conversation. We do know
at the moment that there is the market happy in
terms of the amount of supply that they're able to achieve,
but in terms of the actual underpinning settings of the market,
we had government getting involved a lot under the prior
government that was causing a lot of uncertainty and volatility.

(17:57):
We've taken all of that away, and now the Climate
Change Commission is also saying, hey, just keep your hands
off it. It's where it needs to be.

Speaker 2 (18:05):
So, I mean, from a revenue generation point of view,
you're earning no revenue and you sell no credits, you
get no revenue. You're happy with that?

Speaker 11 (18:12):
Yeah, I am happy with that.

Speaker 14 (18:13):
At the purpose of the market is not to create
revenue that is a byproduct of it. The purpose of
the market is to reduce emissions and that's what it's
primary purposes and that's what it does.

Speaker 2 (18:23):
And to be fair, the numbers that came out what
a week, two weeks ago, whatever it was. We are
still reducing our emissions as a country, aren't we.

Speaker 14 (18:29):
Well yeah, yeah, the settings an inventory that came out
only in the last two weeks show that we're on
a downward trajectory. The government has a plan to achieve that,
it's got a clear strategy, and actually we're doing so
without throwing a whole lot of money at the problem
and you know, not massively impacting our economy. And that's
sensible policy, it's pragmatic, and it's also reducing emissions.

Speaker 2 (18:49):
What about the anks the other day that you want
a lot of planting to go on on public land
in terms of pine trees, and that offsets carbon emissions
and all that sort of stuff, and all the anngstes
have got upset about that. Has that been settled? Is
that the way the future? And how much reliance is
they're on trees to solve this problem.

Speaker 5 (19:04):
Yeah.

Speaker 14 (19:04):
Look, we've heard loud and clear from farmers that they're
concerned about, you know, part of forestry on productive farmland.
We're bringing in changes this year to restrict pine on
to productive farmland. We're going to place restrictions to that
that doesn't exist today, and that's what this government's going
to do, and that's the sensible thing to do to
protect protect productive farmland. That'll go some way to deal

(19:27):
with the concerns that have been noted.

Speaker 1 (19:29):
But again you know that the.

Speaker 14 (19:30):
Last government were forestries in forestries out that was causing
a huge amount of volatility, and forestry is a long
term investment horizon. Business people need certainty and our objective
is to make sure that they know exactly what government
policy is going to do so they can plan for
the future and invest appropriately.

Speaker 2 (19:47):
All right, go well this weekend, simon, what's the climate minister, Mike?
Is an early move on the ETS, Farmer Forester, I
see risk. The ETS is a heavily regulated market which
is constantly being manipulated by the government for what is
essentially an inflationary consumption and tax collected by entrepreneurs, many
of which are off sure they do not invest back
into climate initiatives and my experience, they travel yachts, et cetera.
When I consider the consumers in my small rural town,

(20:10):
I think the whole thing's insidious and there's no impact
whatsoever on climate change in terms of the quarterly government actions.
Their performance is a reflection of the idiocy of the
whole policy. Olie, I Like Your Style eighteen to two.

Speaker 1 (20:23):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks A B.

Speaker 9 (20:31):
A.

Speaker 2 (20:31):
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(21:14):
only one per account. T's and c's apply Pasky. Well,
it's real numbers around the damage that Trump is doing
to the global economy. This government data out this morning
for the US there's been a ten percent decline and
visitors arriving by air in March into America. Americans are
still traveling internationally. Those numbers are up twenty two percent.

(21:35):
There's a fifty billion dollar gap now as people coming
into American Owen's interested people leaving America. They love it.
United bookings from international passengers from Europe down six percent,
Canada down nine percent. Delta seeing something similar meantime, as
far as trades concerned, number of Chinese freight vessels headed
into ports in La and Long Beach, they are the
two main ones on the West Coast. They're off a cliff.

(21:55):
For the weekend in May three, the number of freight
vessels leaving China is down twenty nine percent week on
week year iby year, it's down forty four percent. Twelve
vessels a scheduled to come in this week, down from
twenty two, so it's twenty two down to twelve. Number
of containers has dropped from one hundred and twenty thousand
down to sixty two, so it's real fourteen to two.

Speaker 1 (22:15):
International correspondence with ends and eye insurance, peace of mind
for New Zealand business in Italy.

Speaker 2 (22:21):
Joe mckinna, very good morning to you.

Speaker 1 (22:23):
Good morning Mike.

Speaker 2 (22:24):
What's been like these last couple of days.

Speaker 15 (22:27):
Well, it's been crazy and not a lot of sleep.
Incredible scenes at the Vatican. I'm still here right now,
and I can tell you there are thousands of people
lining up to go in and see Pope Francis lying
in state inside Saint Peter's Basilica. Around twenty thousand people
have already been in today, and the Vatican is looking
at keeping that the doors open past midnight tonight because

(22:49):
there are so many people who want to go in
there and have a look.

Speaker 2 (22:52):
I'm assuming it's a well oiled machine.

Speaker 15 (22:56):
Well we're hoping, I mean I live in hope that
it's a well oiled machine. There are some minor things
that need to be worked out, like working out how
he's going to be moved, because his desire is to
be buried at St. Mary Major, the Basilica on the
other side of the city, and tonight the Vaticans said

(23:17):
they're working out the security arrangements. Incredible security arrangements, as
you can imagine, Mike, with President Donald Trump coming in
and the other world leaders.

Speaker 2 (23:25):
Yeah, exactly. I'll come back to that in a moment.
His actual movement, how far I've seen the matt but
I meant at the past they'll go and the rides.
How long would that take?

Speaker 15 (23:36):
Only a few kilometers, I think four or five kilometers,
they said tonight he will be moving very slowly to
give people an opportunity to really farewell him. So I
would expect the streets of Rome to be lined with
thousands of people as his body has moved from the
basilica here at Saint Peter's across the other side of town.

Speaker 2 (23:56):
I'm reading one of the British papers, eight our cues.
Would that be fair?

Speaker 15 (24:01):
Someone said to me tonight four hours and they said
it was worth every minute. It changed their lives seeing
the pope lying in state, and the scenes inside the
basilica are also very dramatic because it looks so.

Speaker 5 (24:14):
Beautiful in there.

Speaker 2 (24:15):
Yeah, it does not to diminish what's going on, of course,
but weather wise it's worked out, okay, hasn't it? I
mean the weather I's and follows. I mean, it's not
the middle winter in other words.

Speaker 15 (24:26):
No, it's quite quite beautiful spring weather. We've got some
signs of rain tomorrow. It's chili at night, your trench
code at night. But you can hear people around me
just lining up. The cues are stretching down via de
la Conca, Chili in front of the Basilica.

Speaker 2 (24:42):
Now wow, So as regards Trump and Macron and Prince
William and or how they locked the place.

Speaker 15 (24:48):
Down, Yeah, I mean, I've never seen the sort of
security measures they're talking about. Dog squads are already in action.
They're going to put police on the river, sharps on
the buildings, which we have seen before. But incidentally, they're
going to have firefighters that specialize in terrorism, nuclear attacks,

(25:08):
and chemical warfare. So that tells you the level of
security that's going on.

Speaker 2 (25:13):
And what does that mean to the average person in Rome?
You just you stay at home. You can't get it,
You're going nowhere.

Speaker 15 (25:18):
Well, the funny thing is this week using holiday week
here because we've had Easter Monday, which is a huge
holiday in Italy, and then April twenty five is also
the day when they remember Liberation Day World War Two,
so it's really a holiday week and many locals are
out of town, but we expect them to come back
at the end of the week and around two hundred

(25:40):
and fifty thousand are expected for the funeral.

Speaker 2 (25:42):
And with all due reverence once again to the event,
given who you have in town. Is business going to
be talked about? Are we talking tariffs doing deals?

Speaker 15 (25:50):
Well, diplomats have told me off the record they don't
think there's going to be much time for that. But
I think it's really an interesting juxtaposition, isn't it. We're
going to have here, We're going to have him meeting
once again with Italian Prime Minister Maloney, Ursula Vonderline from
the European Commission's going to be here, mccron, So will

(26:10):
they have time to talk, Well, that's hard to say,
but I think most of the leaders will be in
and out. But it's certainly an interesting juxtaposition, isn't it.

Speaker 2 (26:18):
It doesn't go well, Joe, I appreciate you coverage. Joe McKenna,
who was in Saint Peter's Square in Rome on a
spring evening. As we speak, ten away from seven.

Speaker 1 (26:28):
She's a make asking breakfast with a Vida retirement. Communities
news togs had been.

Speaker 2 (26:33):
Have you follow this? We was Sarah Palin's been in
court and she lost yet again. It was a court
casemen going on for several years. She was suing the
New York Times. It was a thing called Times v. Sullivan.
Well that's what they're arguing on. It was a landmark
nineteen sixty four ruling that protected the media from defamation
lawsuits by public figures, and a number of people were
behind Palin thinking if she could win this, then it's

(26:53):
all go for the media, but she lost twice. As
it turns out. Perhaps more interesting is my fascination with
this week's theft fro of Christy Nomes Gucci bag. So
she last Sunday was at the Capitol Burger which is
a restaurant, and she had her bag and it was
under her chair and it got nicked by a bloke who,

(27:15):
as it turns out, now the security This is the
update the security foot he chose. A guy saw it,
sat next to her at the table next to her,
took his foot slid it under her chair, slid the
bag over to his chair, grabbed the bag and walked out.
Now in the bag, and this was my fascination. Was
her driver's license, not unusual, wallet medication not unusual, apartment keys,

(27:36):
but she was carrying a passport, which seemed a weird
thing to carry in your bag. She had her DHS
access badge. She had a makeup bag, not unusual, some
blank checks and three thousand dollars in cash. Three thousand
dollars in cash in a passport. How weird is that?
I thought that's weird, and some of you agreed with me. Anyway,
what was even weirder was the security service which surrounds her.
Was at the table dining with her while the guy

(27:59):
at the next table stuck his foot under a chair
and nick to Gucci back. Still haven't solved the crime.
Five minutes away from seven.

Speaker 1 (28:08):
The ins are the ouse. It's the bearz with business favor.
Take your business productivity to the next level.

Speaker 2 (28:15):
I've got cheese news the in house product at the supermarket.
You know the supermarket labels. They're putting pressure on the
local cheesemakers, PAMs and value and all that sort of stuff.
They now command fourteen and a half percent of the
prepackaged grocery market now at four context that globally speaking,
is not a huge number, fourteen and a half percent,
but it is growing fast and so a lot of
cheesemakers are worried. Nielsen data own brand cheese now holds

(28:37):
twenty nine point one percent of the total grocery cheese market,
which is up eighteen percent year on year. Mainland brands
at at twenty percent, which is down a smidge. Specialty
cheese brands from local producers hold less than one percent each,
so tiny part of the market. Why Marta Cheese has
dropped its Bre and Canon Beer alliance and we didn't
cover this on the program. We should have that dropped
the Bre and the Canon Beer a line solely focusing

(28:58):
on Hallumi. The shift of the home brand as pretty
tough if you're a specialty cheese maker. This is where
the Commerce Commission comes in. They're reviewing the impact of
private labels through some ongoing investigations. One submission described the
trend as scary, harmful to suppliers. Food Stuffs and Woolworths
argue against more regulation. They say, you know, let the
market be the market, the grocery Commissioner, our favorite PM

(29:21):
and Herdon who does god knows what apart from periodically
put out a press release. Private label is just another
brand owned by the Supermarket's consumers still want low cost options,
yes they do. So he's acknowledged concerns from the suppliers
about fair access and is weighing the benefits of private
labels against potential market dominate. So it's an interesting thing,
isn't it.

Speaker 5 (29:40):
If you're a.

Speaker 2 (29:40):
Supermarket and you want to whack a bit of cheddar
and a bit of plastic can go. There's my home
brand and somebody wants to buy it. Who is the
government or the grocery commissioner or commerce commission to stop that?
And if you're a really good local producer, a boutique producer,
a niche producer, surely I could argue on your behalf
that the quality of what you do is so superior

(30:01):
to your home brand crap you should be able to
pitch yourself nicely into the marketplace and make some very
good money. Or am I delusional in my view? Anyway?
I'm sure p Year's onto it the way only per
can be. In his food Commissioner type way. David Seymore's
a racking up the early childhood sector.

Speaker 1 (30:21):
We'll talk to him shortly, News, opinion and everything in between.
The mic Hosking breakfast with the range Rover, the LA
designed to intrigue and.

Speaker 2 (30:31):
Use togstead be seven past seven to the early childhood
sectors in for a bit of common sense change. There
are ninety eight rules apparently in regulations around running any
given center. About twenty percent of those are going to
go things like keeping the classroom temperature at eighteen degrees,
having hygienic facilities to clean up paint, holding humanization records
for every child. The regulation Minister David Seymore's in charge
of it and he's with us very good morning.

Speaker 16 (30:52):
Good morning.

Speaker 2 (30:52):
Devil is in the detail. Though the angst seems to
be coming around the qualifications for teachers. You say, what.

Speaker 16 (31:00):
Not going to change the qualifications overall? But I think
there's a worthwhile question. Do you want to have somebody
who might have a PhD in architecture comes in, does
a short course and go straight to the top of
the pay scale, or do you think that the people
who run the center and know the quality of the

(31:22):
people in front of them should have more flexibility about
how much they pay them. Over the next year, these
various changes will be rolled out and towards at the
end of this year, we'll look at that. But if
people say, oh, there's going to be no qualifications, it's
all deregulated and you won't know what you're getting. Actually
it's the opposite of that. We've got a system that

(31:45):
is overly complicated. People don't know what they get and
people that run their centers spend too much time on
red tape instead of actually focusing on the safety and
education of children and the choices.

Speaker 14 (31:56):
That parents have.

Speaker 2 (31:56):
Is this union's protecting their patch.

Speaker 1 (32:00):
Ye.

Speaker 16 (32:00):
I mean, there's no question that there's been a campaign
by the NZEI, the primary teachers union, and I don't
mean the teachers by the way, it's the union organizers
who've done all sorts of fear mangering about this review
before the government's even released its decisions. But the truth is,
if you go and visit people in early childhood centers

(32:22):
as I do, they've got multiple regulators. They've got the
ro them, the MRH, the MPI, the local council, all
trying to enforce rules without any clarity. And what we're
going to do. First of all, we're going to actually
pass some law saying this is the purpose of regulating
it's child safety number one, children's education number two, parental

(32:45):
choice number three, and then not putting in place any
more rules than are necessary to achieve those objectives. We're
going to take a look at the ninety eight rules.
We've got a draft of what that will look like.
Around three quarters of them will either be gone changed
or or turned into guidance rather than we will shut
you down in order that the regulator can look at

(33:06):
the things that actually affect child safety and child education.
And more importantly, that the people running the centers, you know,
four thousand, many of them small businesses, assaults of the earth,
people who are preparing the next generation for when they
take over running this country. They will have some more
certainty about what they can do, what they can't do,
and who to call if there's a dispute.

Speaker 2 (33:26):
More importantly, I've got this text, Mike asked David, who
caught the biggest snapper on the Bay of Islands East
to sunday him or his fiance. What's the answer.

Speaker 16 (33:34):
Alex's got a five point two kilogram Mine was I
just want to say definitely legal. However, it was about
half a meter from the lip to the V of
the tale, so she definitely won that one, and I
obviously don't dispute it.

Speaker 2 (33:53):
Good stuff and nice to talk to you. David Seymore,
the Regulation Minister and King Fisherman ten minutes past seven
basket who has the trump st blink is the white
flag up. His lightest approach to China and tariffs appears
to be that he's going to back down and significantly.
Currently the tariffs one hundred and forty five percent of
that level. Realistically it's an ambigo. The market, of course,
once they heard that news yesterday got a bit fizzed up.

(34:14):
Doug Holseeken is a former advisor to Senator John mccainey's
with the American Action for him these days. He's with us.
Good morning, and good morning to you as well, before
we deal with the specifics. What's your sense of this
whole tariff thing so far?

Speaker 11 (34:28):
Well, I think it's been just a real problem for
the US and the global economy in general. It was
rolled out poorly, it's all thought out, and I think
everybody involved is now looking for a way to gracefully
exit from some of these proposals.

Speaker 2 (34:45):
Would you say Trump has blinked in the last twenty
four hours. Is this what the comments about China's really about.

Speaker 11 (34:52):
I think it's absolutely true that the president never he
made a mistake, but he does respond to pressure, and
we've see and responded to that pressure in the past week.

Speaker 2 (35:02):
So what happens now? Do you think?

Speaker 11 (35:06):
I think that the reciprocal tariffs go away. I think
they were still thought out, very damaging, and will easily
exit under the guise of negotiations with each country or
something like that. I think we'll continue to see the
products the steel, aluminum, autos and others steady, so levy.

(35:28):
I don't know the fate of the ten percent universal tariff.
It's an unwise idea. He would have to withdraw it
because it's universal, and that's the hardest of my view.
And China, China, you know, they have no reason to
come to the table, and he keeps suspecting g to
bend the need of him. I think that's unlikely. So

(35:49):
wiser heads are going to have to serve as intermediaries,
get both sides to start talking.

Speaker 2 (35:53):
If what you say is correct, and the ps to
be because we view this from a you know, free
trite leans at the bottom of the world in New
Zealand as free trite is. What we've never been able
to understand is how he couldn't order his administration, couldn't
see this, None of it made sins. How did it
make sense in his head?

Speaker 11 (36:11):
That's the question I can't answer. I'm not qualified to
diagnose mister Trump's thinking thought processes. The one thing that
puzzles everyone, It puzzles you, and puzzles many puzzles people
around the world is he does things that do not
appear to be in his self interest. This is not
in his self interest. It's damaging the uist economy. I

(36:31):
believe we will enter a recession if he doesn't quickly
back off these tariffs. And no president wants to preside
over rising unemployments and a failure to control inflation, and
that's what he would have.

Speaker 2 (36:45):
How much political capital do you think he's spent on this?

Speaker 11 (36:50):
I think he has worn out his welcome internationally quickly,
and that seems like a bad first step. He needs
help for his domestic agenda in the US Congress, and
nobody there is vocal about it, but they are quite
frustrated by the fact that they're, you know, basing the
bossiblity of running for reelection in a bad economy. And

(37:13):
that's what no I liketed a legislator wants to do that.

Speaker 2 (37:17):
All right, Doug, you have a good weekend. Appreciate it.
Doug Holtziken, who's American Action For and former advisor to
John McCain fourteen past seven. Tasklike thank goodness for the
common sense of David Seymour or Mike. We owned an
e see center. David's got its spot on the pay
parity scales or a mindfield, and the changes look to
be practical and reward those that do education specific qualifications. Well, Mike,
why don't you raise the artic contempt to party Mari

(37:38):
has shine by not personally attending their second chart to
appear before the privilegious committee. Bob, I don't raise that
mainly because I don't as I've seen this before on
the program. I don't take them seriously. They're not part
of the system, they don't want to be part of
the system. I don't see them as proper players in
the political game, and therefore I expect nothing more or
less of than Therefore, I largely ignore them. Fourteen past.

Speaker 1 (38:01):
The High Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (38:06):
At B got a new regime coming from the banks
regards scamming. So beemen hit by scammers and there's a
lot of us. Of course, we'll get some detail on
that for you shortly. Manytime. It's seventeen past seven. Good
news for a bunch of health graduates. So as part
of the bonding scheme, we've got nine hundred of them
getting anywhere between fourteen thousand and fifty thousand dollars depending
on what the job is. We're talking nurses, midwives, anesthetic texts,

(38:27):
rural GPS, et cetera. Anyway, Nurses Society National Director David
Wills is with us. David, very good morning.

Speaker 17 (38:33):
To you, Kierra.

Speaker 2 (38:34):
Broadly speaking, does bonding work.

Speaker 17 (38:37):
Well, that opening debate, I mean, it's never clear whether
bonding works or not. There is some evidence that with
this scheme retention rates are improved, but to some extent
it may well have been that people who enter it.
Because it's a voluntary scheme, we had every intention of

(38:59):
remaining any how. But that said, this expansion is welcome.
It for no other reason that it's going to boost
employment opportunities for new graduates because at the moment there's
not sufficient funding available to with tight budgets for Tafarta
or to hire all the new graduates that would like

(39:21):
to hire and should hire. So this scheme gives a
boost to the hiring of new graduates. So in that
sense it's welcome. And of course it is designed to
get people into areas that are hard to fill, and
if it does that, they're those areas will welcome it.

Speaker 2 (39:39):
When you say areas, do we talk more about the
jobs or more about the locations of the job.

Speaker 17 (39:44):
It's a bit of both. The scheme because it's an
expansion of an existing scheme and in the past it's
focused on filling some clinical areas which are harder to
get people into and arguably stay in, and that's been
primary every care, age care.

Speaker 16 (40:03):
And such like.

Speaker 17 (40:04):
But it is also designed to help historically and ongoing
with fulling vacancy in certain rural areas and other areas
of the country where it's proven to be more difficult.
So it's designed to do both.

Speaker 2 (40:20):
Yeah, interesting insight, all right, David, appreciate it very David Wills,
who's the Nurse's Society National director. I don't know where
the bonding works. If I mean, my daughter's a medical student,
says I've told you a number of times before. Much
as far as I know, she's staying in the country.
So if she happens to be in the specialist area
where they go, hey, guess what you get. You get
fifty thousand dollars. She was staying anyway, so that's a
bonus for her and good luck to her. But does

(40:41):
it solve a problem given she wasn't going overseas? And
would you for what fourteen grand v fifty what would
it take for you to go? I'll probably go overseas
as a nurse. I'll hold on. Give me twenty seven,
give me thirty two, give me forty two, and I'll stay.
And how long does that last? Interesting?

Speaker 11 (40:56):
Gay?

Speaker 2 (40:56):
Yeah, bank scamming still to come. And this I'm trying
to get my head around it. I don't know whether
it's a winter or not. But Cricket's got this idea
that if they invest in a US Major League Cricket tournament,
thus making expertise from New zealand Ie management and players
available to that tournament in America and still available for
international selection here that's going to somehow solve the problem

(41:17):
of players wandering off to other leagues around the world.
Is we'll look at that as well. Seven twenty.

Speaker 1 (41:23):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News talksp.

Speaker 2 (41:31):
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you're searchings Keven twenty four. Time now to mark the week,
little piece of news and current events. It's more exciting
than a heavy thunderstorm alert on a day without thunderstorms.

(42:36):
Meteorological paranoia too, between the met Service and the media.
You would have thought Noah and his large ship were
going to be needed, and yet power supply free.

Speaker 15 (42:46):
See.

Speaker 2 (42:46):
I think that's the real story, not the weather. The
weather wasn't that bad, but the infrastructure couldn't cope, and
when it couldn't cope, neither could those in charge of it.
Teachers sex God bless them that it's hardly a surprise
when you see a drop in numbers, doesn't mean really,
would you want to be a teacher? Be honest, would
you want to be a teacher? RFK said Warrior from
America's children are Fjjan announcing the end of food dies.

(43:07):
Not a minute too soon. For all this nuttiness of
which there is much, this stuff actually makes sense and
will change the world. Selwyn eight Boom Region, Rolliston. We
are jelly Easter rules three. See I'm not sure what's
worse the shambles they have become or the annual tedious
debate about changing them even though we never change them.

(43:27):
Women and Men New Zealand first styles four. This has
got bandwagon written all over it. Posser Brothers of Levin
eight from the hawksby Hosking household their eggs as in
their Easter eggs, they are the best in the country.
Levin actually seven See we had gluten three crackers also

(43:47):
from Levin. So what's going on Levin? Anyway? Hegseth four.

Speaker 1 (43:52):
If this is what the media does in their tro
slash and burn people not.

Speaker 2 (43:56):
Gonna work with me, looks increasingly like a doofus, And
I'm not sure he wasn't do for us to start with.
Gnome four passport three grand in cash and a back
on a Sunday night at burger joint. And she's actually
in charge of stuff, mind you, her security detail too,
they were at the table with her as the bloke
nicked it from right under them, I mean literally right

(44:18):
under them. Canada seven, who's election going right now? Early
voting at records massive swing and the polls could be
one to remember. Exports eight good news story of the
week in March This country hit it out of the
park and that is what we need more of in
this country. And that is a week something else we
need more of. Copies on the website and thirty six

(44:38):
of these were handed out by the way Queenstown Airport
for the virgin passengers who waited for the plane that
never came. Earlier reports actually suggest marking the week so
much fun. Most people said, what plane? Who needs a plane?
Lasking Mike, would be nice to know this policy around
the bank scam is going to be backdated? No, and
who is responsible for the decision of the banking onwardsman
is toothless and has too many links with the banks. Well,

(44:59):
the answer is the government pressure has led to this
will tell you more about it. But as for backdating,
don't be silly. Of course is not backdated, Mike. What
you seem to neglect is the renegades at the TPM
could be kingmakers in the left and cover. No, I
don't neglect that day. This is my point. My point
is their behavior places pressure on the Labor Party. The
Labor Party because of that potential that you highlight, are

(45:21):
going to have to explain themselves. And this is why
you saw hippins out yesterday saying, oh, look, I hope
they turn up. I hope they turn up. And because
he has no control over them, at some point he's
going to have to take a stand and he's going
to have to rule them out because if he doesn't
rule them out, all hell's going to break loose and
a whole bunch of people who would vote for the
Labour Party are going to say, can I really afford
to take the risk? You see, I've thought ahead of

(45:42):
your Dave. I I've got it COVID, don't worry about
it now. The scammers and the cricket and the next
half hour of the Myke Hosking Breakfast, You're a News Talks.
They'd be where the news is.

Speaker 1 (45:51):
Next in New Zealand's home for trusted news and views,
the my Casking Breakfast with Bailey's real Estate, You're low
got experts across residential commercial and Rural News todsad be Mike.

Speaker 2 (46:04):
As you said, Chip, he's going to have to rule
out TMP. He's very vocal telling National to rule out
in New Zealand. First. Will he follow his own advice? Well,
he's going to have to eventually because people are going
to be asking him the question so incessantly. He'll be
driven nuts in the election campaign him next to year. Mike,
what channel is showing the snooker? Good question. I'll come
back with the answer in the moment, Mike, what are
those Easter eggs? Need to know? Potter Brothers never heard

(46:25):
of them. Turned up at our house. They came and
I don't know whether they make a whole range of
these eggs. I'm assuming they do, but they came in
a packet of four eggs. It's a slim long packet
of four eggs. And you've got to like the eggs
in terms of chewy heart dark chocolate very important. It's
genuine dark chocolate, not the light crap chocolate. It's the

(46:47):
dark chocolate. So there's a crunch to it. You've got
to put them in the fridge. You'd break them in
half because they're that traditional shape of egg that you
can have the whole one, but that's greedy. You twist
and then you break them in half, so actually eight
half eggs, but inside very chewy, absolutely beautiful, and they've
got that hand crafted, handmade, good quality vibe about them
that I think most of us like. Twenty two minutes

(47:08):
away from eight right scram victim is soon going to
be able to be reiversed by their bank if the
bank is found to be at fault for failing to
adequately warn and protect their customers. Payments of up to
half a million could be made, and the announcement comes
following the government pressure urging banks to do better. The
New Zealand Banking Association boss Roger Beaumont is what this, Roger,
very good morning to you.

Speaker 18 (47:27):
Oh good morning Mike, and good on you for working
the three day week.

Speaker 2 (47:30):
Not at all. I try my best, and good on you.
I'm assuming you're working and not coming in on an
a slash. Well now were you? Were you dragged to
this kicking and screaming?

Speaker 15 (47:40):
Oh not at all.

Speaker 18 (47:41):
Banks had been dealing with this issue for some time
before the Minister became involved. This is a global issue
that's playing out in every jurisdiction around the world and
our bank chief executives were working at quite some pace
to try and get in front of the issue before
the government engagement.

Speaker 2 (48:00):
Okay, the level of scamming and its sophistication, How bigin
issue is it?

Speaker 18 (48:05):
Oh, it's massive and it's very hard to put a
dollar value on it. And the figures that effect New
Zealanders range in everything from two hundred million to two billion.
And the reason it's such a broad range is because
of underreporting. People are pretty embarrassed if they've been scammed
and so they tend not to report it in a
lot of cases.

Speaker 2 (48:25):
Well, in some of the rules and regulations you're putting
forward to some of the help you're offering, you talk
about high risk investments. What's a high risk investment? Is
that a scam or is that just choice?

Speaker 18 (48:35):
Well, yes, it's a really good point. What we need
to do and what we will do with these new
measures is in that example, we will flag if someone
is making an investment that that might be a high
risk transaction or are you sure that your investment inverted
commas is a safe one? And so it's a matter

(48:55):
of taking the giving the custom of the opportunity to
have a think about whether they are doing the right
thing in that moment when they're about to authorize a payment.

Speaker 2 (49:05):
Is this going to be overbearing for a person like
me who really doesn't want you in my life anyway?
And I kind of know what I'm doing, and I'll
back myself, And am I just going to get endless
numbers of alerts and emails from you going second guessing me?

Speaker 18 (49:17):
Hopefully not, because hopefully our banks will be able to
tailor the sorts of flags and warnings that you get
based on your transactional history. Now, it might be quite
common for you to make a payment over ten thousand dollars,
whereas for other people it might be very rare for
them to make a payment over ten thousand dollars, And
so that will be taken into account in the warnings

(49:42):
that you're given. Yeah, we're really aware that it's a
critical that these warnings and these flags don't become wallpaper
so that you just ignore them.

Speaker 12 (49:50):
And move on.

Speaker 2 (49:51):
The gross negligence bar that they have in the UK,
is that going to open you, guys up to people
being agreed, in other words, you've been grossly negligent, you
don't pay anything. Therefore, people feel like they've been scammed
themselves and dealing with you.

Speaker 18 (50:06):
Well, what we're saying is customers need to take reasonable care.
So that means if you're making if you're making a
payment and for example, you're doing a confirmation of payee
where you're matching the account name with the account number,
if that comes back and says that this does not match,
but that you then proceed to still make that payment,

(50:28):
well that's on you because you haven't taken reasonable care
about that payment all honesty.

Speaker 2 (50:33):
Roger, how much of scamming is basically people just being
gullible or greedy or thick.

Speaker 18 (50:40):
Well, look, it's really hard because what scammers do is
to prey on your emotion and vulnerability, and whether you're lonely,
or whether you're looking for a new job, or whether
you're just looking for hope, scammers will play on that
emotion and it's very easy to get caught up on that.

Speaker 2 (50:57):
But that's not your problem though, it's.

Speaker 18 (51:00):
Correct, that's correct, it's not our problem. But what we're
doing is trying to put safeguards into place that will
reduce the chances of that happen. And people need to
just sometimes take a sect to check and think about
what they're doing.

Speaker 2 (51:13):
All right, good luck with it, appreciate it. Roger Beaumont,
that's in by November. By the way, the New Zealand
Banking Association CEO, eighteen minutes away from seven scares. His
observation was interesting, wasn't it. Thanks for working the three
day week. As far as I'm concerned on the media
at the moment, does anyone working a regular three day week?
Is anybody here? I was listening to the radio yesterday's
driving into town, and it's interesting because because Tyler and

(51:33):
what's his name went on and I'm thinking, well, they're
on holiday as well. But then in town, Town seemed
normal to me, So everyone can't have been on holiday
because town. When I go home in the morning, Town
seems reasonably noise. So I don't know what's going on.
I can't work out whether everyone's on holiday or not. Mike,
what channel is the snooker on? Answered? No channel, No channel,
Because I haven't got back to me. They said they

(51:54):
get back to me in a couple of days. They
said that on today's Thursday. I said, I think on
Tuesday they're working hard to get the crucible snooker onto
one of the Sky channels by the quarter finals periods,
so that's still a couple of day a number of
days away because they've only just they're still completing the
first round heading into the second round, and so by
the quarter final times, they've still got a couple of

(52:15):
days at play. But there is no channel. I watch
it on YouTube. It pops up on YouTube, and can
I just say, and I know I bang on about snooker,
but I don't care. So I'm watching overnight Ronnie O'Sullivan,
who's back at the Crucible for about the thirty third time,
the greatest player in the history of snooker, and he's
playing Ali Carter thrashes him, absolutely canes him. And the

(52:35):
thing about it was no one knew how Ronnie was
going to play because he's had his mental issues, ongoing
health issues, and he was maybe going to play, maybe
he's going to play, maybe he's going to turn up,
maybe he's going to pull out. Anyway, so Elie Carter
a difficult draw. They've got a bit of history. So
he turns up and in the first session, which was yesterday,
he broke at the session five four up. You think,
oh yeah, reasonably close. Game comes back today kills him,
absolutely kills him, ends up ten to four, wipes the

(52:57):
table with him. And to watch a genius at work,
and that's the only word you can use with Roney O'Sullivan.
To watch your guy play the way he plays. And
this is applicable no matter what sport you follow. It's
the great great golf swings, it's the great players in
the EPL. To watch your genius at work is an honor.
And he won't be around for a lot longer. I

(53:19):
suspect he's on the verge of retiring. And soak it
up while it lasts. And that is why it is
such a broadcasting crime for Sky not to be running
one of the great sporting events of the year. Don't
run all the snooker if you don't want to, but
run the best of the snooker. And the best of
the snooker is on right now sixteen to two.

Speaker 1 (53:39):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (53:45):
At b thirteen to eight. Download a VP and it's
free in the UK. But yeah, I know, look, I
know you can VP and stuff. I know you can
get around it. I know if you look at I
watch most of the snooker on YouTube. That's not the point.
My point is that guy I want to be I'm
assuming a good corporate citizen, skin. I want to provide
punters who pay them good money, a variety of services,
a comprehensive suite of sports that people can enjoy. I

(54:09):
would have thought it behooves them to do the right thing.
It's my point. I mean, yes, and go round it
if you want to. Of course you can, Mike. Everyone
is in Queenstown apart from an organized event. I've never
seen it so busy. Yeah. No, people talking about taupo
around the country. I'm glad it's tourism. I'm increasingly interested
in the numbers because tourism does seem to be going off.
The numbers don't quite reflect at post COVID, but the

(54:30):
numbers do seem to be going off. Mike, agree with
you regarding Livin Easter eggs. We bought ten boxes and
Tata well that's disgusting, Libby. Ten boxes is over the
top unless you've got a monumentally large family. Ten ten
boxes is absurd. But good on you, you Potter brothers. Mike.
We've got them. They're delicious, Yeah, they are. I like
Provincial New Zealand appears to be the center of all

(54:53):
sorts of aspirational dreams in this country where people and
I mentioned the gluten free crackers get upgrade. I can't
remember what they're called, but they're from a company I've
never heard of before, and gluten free. I mean you
look at them and go, oh, Jesus will be cardboard. Anyway,
they were delicious and they came from Levin as well.
So there's a lot going on in small town New
Zealand of a group of people were watching the news

(55:14):
last night and the people hanging out with Starmer and
Luxen founded their drone company in Mount Monganui last time.
As in Mount Monganue, you go to the beach, they're
making drones. Next thing you know, they've got a sixty
million dollar contract for the war. For goodness sake, while
I'm at it, can I also congratulate the warriors and
congratulate Shans nikkeol Klockstard, who remains until the end of

(55:34):
twenty twenty seven. Thank goodness, because the first time we
let him go that was a mistake. Seven appearances in
the early days and he wanted off to the canber
Raiders he thought he's all right, we'll have him, and
the next thing you know, he's fantastic. We finally get
him back and he's on fire. He's brilliant. A good
game this weekend. Of course tomorrow in christ Church sold
out obviously, but Shance Nickel clock Start has assigned until

(55:57):
twenty seven. Let's hope like some of the others who
signed on tracks and leave, he actually signed a contract
in Stays ten away from eight the.

Speaker 1 (56:04):
Make Hosking Breakfast with the Range, Rover Villa News Togs.

Speaker 2 (56:08):
Dead be it is Heaven away from It's so big
move for New Zealand cricket. They're partnering with a new
major league cricket side in the States competition with a
couple of hundred million dollars. They reckon the planners, players
and coaches play in this league while remaining available for
the national side. The CEO Scott Winn because with us
Scott Morning, Good morning, Mike, True North sports ventures. What
do we know of them? What sort of confidence do

(56:29):
you have that this is a winner?

Speaker 10 (56:32):
Look, there's always risk involved and these are these type
of ventures. However, the two major investors are the founders
of Willow TV and Major League cricket. And there's also
a number of other high profile investors, including the San
Francisco forty nine ers investment in there. So we're we're

(56:52):
really comfortable with the investor group.

Speaker 2 (56:55):
What do you want to do? Do you want to
crack the American market or do you want to save
players or both both?

Speaker 10 (57:02):
Really so, the opportunity that this presents is to diversify
our revenue streams into you know, what is the most
good of global sporting market, while also creating opportunities for
our high performance staff and also our players. So thereby
hopefully you know, encouraging our Black Caps and ultimately our

(57:25):
White Ferns as well, to stay contracted to New Zealand
while taking advantage of these other opportunities to top up
their earnings.

Speaker 2 (57:33):
What do you reckon the chances of cracking the market are?
And what what does cracking the market look like?

Speaker 10 (57:40):
Yeah, so matually cricket it has been going for a
few years and has already break even. The market in
the US is an interesting one because there's around twenty
five million South Asian diaspora there. They are all very
very well held, so that the market is large. In fact,

(58:00):
it's probably the second most lucrative market after India already,
so majorly cricket has made some great strides there and
what we see the opportunity with Major League Cricket, but
also just building the New Zealand Cricket and our player
brand in the US is going to be incredibly helpful.

Speaker 2 (58:17):
So as a player, do I get paid the same
as I would in India or the Caribbean, or in
Britain or anywhere else, or do I have to make
some sort of compensation knowing that I can get back
to the national side.

Speaker 10 (58:27):
No, So contracting into the MLC will be a separate
contracting system, So our players will continue to be paid
by New Zealand Cricket, but then on top of that
they will be able to be paid separately by these
Major League franchises and those numbers will be this similar
to what other international players such as Pat Cummins and

(58:49):
other Australians are receiving. So it's a great opportunity for
our players as well.

Speaker 2 (58:54):
Real interesting, Well done, Scotton, you have a good weekend.
Scott Weenneck, Who's the New Zealand Cricket CEO that starts
in twenty seven with potential expansionary plans in twenty thirty one.
We'll follow that with a great de elementrous four minutes
away from mate. Maybe Oski. Maybe Sky's doing the right
thing for their shareholders. I assume that snook is not
covered because it's not commercial to cover. As a market man,
you would understand that, Dave. You make a not unreasonable point.

(59:16):
My suspicion is it's not remotely unaffordable at all. I'm
the first to concede that snooker as a televisual event
in a place like New Zealand would be niche. And
I think generally it's a niche sport and therefore the
rights to it would not be great. And given they're
not great, I wouldn't imagine that they can come back.

(59:37):
And I mean, if it is, if you're right, all
Sky need to do is go look, we had to
look at it, my god. But the price of it
is inhibited. We can't afford it fair enough. They haven't
said that, And the reason they haven't said it is
I suspect I'm right, and it's not that expensive. They
just haven't got around to doing it. Now for your
entertainment and pleasure and flowing the good News. This is
completely free of charge. Tim Wilson Kate Hawksby will do

(59:57):
the week Rod's in Britain after thirty. This morning, Poor
old Rachel Reeve. She's praying that they can do this
deal with Trump. I don't even know what these deals
mean or whether these deals were even real, but she's
gone and borrowed or shed load more money than they
were expecting. So she's in the stook. So she needs
something major to come out of this trade deal. We'll
talk to him about that after eight thirty.

Speaker 1 (01:00:18):
Meantime, the News is next, setting the agenda and talking
the big issues. The Mike Hasking Breakfast with a Vita, Retirement, Communities,
Life Your Way News, togsad be.

Speaker 2 (01:00:40):
And hold on here morning, Mike. Yes, the Potter brand
Easter eggs were very good. However, the Queen Ant eggs
are superior. Will wait for your feedback next Easter when
they get back on the shop. I disagree the Queen
Ann's okay, but the Queen An's a little bit commercial
for my taste. Mike. I got rid of Sky when
they cease putting the live snooker on. I hope your
rents helped get it back on here, Boss, has just
been yelling at me self indulgence. I think those were

(01:01:02):
the terms he's using. This far too much self indulgence
going on in this program. I told him to naf Off,
who wind this up a bit Andy. I can't hear it.

Speaker 1 (01:01:12):
The galcard in Sir Julius sounds David.

Speaker 2 (01:01:18):
Doesn't it. So of this is Black Mumba. It is
the original Ellis Cooper group while those ones who are
still alive, and not all of them are. In fact,
it will feature the work of Glynn Buxton, who died
in nineteen ninety seven, so surviving members of the group,
and it's their first album in fifty one years, which

(01:01:39):
I think has got to be some sort of record.
He's actually on the road for a headlining co headlining
tour with Judas Priests across twenty two North American cities.
He's seventy something. I've only interviewed him once. I think
he was a very likable guy, very chatty, very pleasant,
likable guy. Not remotely like the on stage presence anyway.
And Els Cooper reunion tours yet to be confirmed. They

(01:02:01):
think probably due to age. Full out two is too hard,
so they're looking maybe to play a few small sets
in places like Detroit and Los Angeles and New York
and London. I like track number seven, Crap that gets
in the Way of your dreams. What a great name
for a song, Crap that gets in the way of
your dreams. This segment sponsored Andy, so let's hear who
sponsors it?

Speaker 1 (01:02:20):
Not the Week in Review with two degrees fighting for
fair for Kiwi business.

Speaker 2 (01:02:25):
Kate Hawksby's with us along the Tim Wilson, A very
good morning to both of you.

Speaker 5 (01:02:29):
Good morning.

Speaker 19 (01:02:30):
I hear poor Elliott in the seven thirty News running
through the snooker and I wondered whether he was doing that,
whether the gun take from you?

Speaker 2 (01:02:36):
No, no, no no, And it's a very good question
to open the segment, Katie, and thank you very much
for that. Elliott is yet another fill in on this
program this week due to all the regulars being unavailable
to actually turn up and do some work. But Elliott
is the superior broadcaster because Elliott has that global view
of sport, which is not just rugby and cricket. He

(01:02:57):
looks to the world and goes, there's interesting for a
collectivity going on all over the world, and what's some
of that I can cover and heat. That's why he
does the snooker. Didn't even mention it to him.

Speaker 20 (01:03:06):
That's impressive, the opportunity to do a bit of a
rant though, which is good precisely.

Speaker 2 (01:03:12):
How are you going, Tim? How's that holiday period of yours?

Speaker 5 (01:03:15):
Oh?

Speaker 20 (01:03:16):
Well, actually back back in the settle this week, so
it's but it's a bit weird because everyone's on holiday.

Speaker 2 (01:03:22):
Do you handling at your multinational? Do you handle the
leave forms? I?

Speaker 5 (01:03:30):
Yeah, well I have to authorized sec leave et cetera.

Speaker 2 (01:03:32):
Yeah, yeah, Well we're not talking sickly, we're talking a slash.
Well do you authorize the slash?

Speaker 4 (01:03:38):
Yeah?

Speaker 5 (01:03:38):
Yeah, yeah, I authorized the al from your from your.

Speaker 2 (01:03:41):
How many are you employing these days? Was it Turndred
and thirty or Turner and sixty five? You up to?

Speaker 13 (01:03:44):
Now?

Speaker 2 (01:03:44):
How many people you got there?

Speaker 5 (01:03:46):
We've got nine fallen part time employ.

Speaker 2 (01:03:49):
You got nine? Sorry? Sorry, this is business talk to
We've got nine FTEs FTEs, yeah, nine as as ft
slash pts slash PTEs. Okay, nine ft slash PTEs of
the nine slash ft slash PTEs. How many have turned
up to work these three days? Tuesdays, Wednesdays and Thursdays?

(01:04:09):
What percentage of the population of your corporate is turning
up to work?

Speaker 5 (01:04:13):
Oh we've Yeah, everyone's back in there. Everyone's in the
office this week the moment.

Speaker 2 (01:04:18):
So were they all off last week?

Speaker 5 (01:04:21):
I don't know, because I was off.

Speaker 2 (01:04:24):
Unbelievable. What's your assessment, Katie. What percentage of the population
your reckons on holiday this week?

Speaker 1 (01:04:29):
It's hard to tell.

Speaker 19 (01:04:30):
I think it's still quite busy in town, but I
think it's a lot of school holiday peeps, like shoppers
and stuff like that. I don't I don't think the
roads are busy in the morning, which is awesome, but
it is just combobulating when you you're kind of in
work mode when the whole country feels like they're in
holiday mode, that is a weird vibe. This week has
been weird. But by the way, I heard you say
that I would know the name of those crackers, so
I quickly had to look them up because I thought,

(01:04:51):
I do not know the name of those crackers.

Speaker 5 (01:04:54):
What crackers were those? Again?

Speaker 19 (01:04:56):
The crisp bread from leven It's the Baked Dane.

Speaker 2 (01:04:59):
Baked Dane gluten free. I'm right in saying gluten free,
aren't I?

Speaker 19 (01:05:04):
Well, it depends, well, yeah, I think they made.

Speaker 1 (01:05:05):
I think the ones we had with a keito knack.

Speaker 5 (01:05:08):
And brute.

Speaker 2 (01:05:10):
Nachenbrut there's nothing better. Yeah, A little bit of.

Speaker 19 (01:05:17):
It was just all seeds and olive oil and it
was it was great ingredients. It was it was a
really good product. We liked it, didn't we?

Speaker 2 (01:05:24):
How is it possible, Tim, that those two products, the
Potter brother eggs and the are made in Levin? And
I also got a text from some of the r
J's factory shop as an r J's liquorice that's also
in Leven. What's going on in live.

Speaker 5 (01:05:37):
In was obviously some kind of gourmet renaissance. Isn't there
the new Martinborough?

Speaker 2 (01:05:48):
Well, I was going to say, is it a bill
that you and you come? So you're an r J's investor,
you're driving through town on the holiday north and you
see that the nachenbrook is made there, and you think,
I tell you what, why don't we set up jays
in this part of the world because you see it
being an artisanal Therefore you want to be a part
of the artisanal community.

Speaker 20 (01:06:04):
I reckon that r Jay's was there first, and then
your knack and book came along.

Speaker 2 (01:06:09):
Right, Well, when did Potter brothers arrive?

Speaker 5 (01:06:12):
Well, that's the question, isn't it. That's there's the sexful
moon dollar question.

Speaker 10 (01:06:15):
For a while.

Speaker 19 (01:06:16):
I think it's your first experience with the Potter is
Easter Egg. But have been around for a while and
they're in the supermarkets and they do other things like
chocolate dipped Russian fudge and stuff like that.

Speaker 20 (01:06:27):
They they're already they should do something German.

Speaker 5 (01:06:29):
They should.

Speaker 2 (01:06:33):
And are they well, Katie, you obviously know more about
this than I do. But are they? Are they brothers?

Speaker 5 (01:06:39):
Oh?

Speaker 3 (01:06:40):
I don't.

Speaker 19 (01:06:40):
I don't know them personally. I mean I I don't
investigate the background of the family.

Speaker 2 (01:06:45):
Well, because you know the research on companies, when you
launch a business, you always go something and something. So
it's it's like Wilson and Hosking, Hawksby and Wilson because
there's an alliteration and a vibe to it that people
respond to. Other thing you do with businesses is put
a start date on Wilson and Hawksby since nineteen oh nine,
and people think, oh, it's nostalgia, whether it's true or not.
And so I'm just wondering whether the Potter brothers or

(01:07:07):
really brothers, Whether they're actually called Potter or they think, well,
you don't know that they're brothers. They could be oh yo, bro,
why would you.

Speaker 19 (01:07:13):
Like, why would you call yourself plotter brothers if you
weren't brothers.

Speaker 2 (01:07:17):
This could be the scandal of the day. Our newsroom
needs to be onto this. I might talk to Elliott
about this. Actually brief break more in a moment.

Speaker 1 (01:07:22):
Fourteen past eight, the Mike Hosking Breakfast Full Show podcast
on iHeartRadio, car it by News Talks.

Speaker 2 (01:07:31):
It be news Talks. It'll be sixteen past eight.

Speaker 1 (01:07:34):
The week in Review with two degrees bringing smart business
solutions to the table.

Speaker 2 (01:07:39):
Tim Wilson, Kate Hawksby, so here we Go. RJ started
in ninety five, so they're the locals. Foxton Fizz, we
forgot that Foxton Fizz that's famous of course. Now this
is for U kadie g nsc Pisto.

Speaker 13 (01:07:54):
Jun Pisto.

Speaker 2 (01:07:55):
Okay, that's from Livin. There's a food tour each year
in the district. So this this place is going off.
Book yourselves, book yourselves in. We need we need a
long weekend for some I have had Foxton fause my
grandparents used to own a batch at Foxton Beach back
in the days when Foxton Beach was somewhere known had
ever heard of, and my grandparents who went and bought

(01:08:15):
batches and places like that, and we would go there
and look, I'd go, Nana and Granddad, there's nothing to
do here? What am I doing here? But anyway, be
that as it made. It's a trip down memory lane.
Ben and Joe Potter are brothers here, Katie, Ben and Joe,
you were right, broad question, Katie, Is Mike this all
over the place at home very much?

Speaker 3 (01:08:37):
Yeah?

Speaker 19 (01:08:38):
Yeah, It's really hard to keep up because your mind
races a lot, and often you hear you sometimes do
this on here.

Speaker 5 (01:08:43):
Actually Jason might be aware of it. Maybe it's some
management issue.

Speaker 19 (01:08:46):
You assume that people know something already, and so you
just go to the next bit and it's like, wait
a minute, what are you talking about?

Speaker 20 (01:08:56):
Does he start talking about stuff that he's been thinking
about and it's just like, oh, my goodness, yeah, something random.

Speaker 19 (01:09:02):
I'm like, what are you talking about?

Speaker 5 (01:09:04):
What is that about?

Speaker 12 (01:09:05):
Yeah?

Speaker 19 (01:09:05):
Exactly.

Speaker 20 (01:09:06):
Actually, actually I do a bit of that with Rachel.
So she's like, what are you talking about? I'm like, oh,
oh yeah, hang on.

Speaker 2 (01:09:12):
I think it's I think it's the curse. I think
you'll agree with me. It's the curse of the genius.

Speaker 5 (01:09:19):
The mind is racing. Oh no, that's some kind of curse.

Speaker 2 (01:09:24):
Now to my fun factor of the week for you was,
I had no idea until we joined a queue that
chatbots have cues? Did you? Did you think like me
that chatbots were the answer technologically to ever being in
a queue with a person ever again? And therefore it
wasn't possible to have a cue for a chatbot. And
yet there are cues for chatbots.

Speaker 5 (01:09:44):
I suppose on reflection, you think there's only a limited
number of chatbots. Can't manage you know why? Right?

Speaker 21 (01:09:49):
No thing?

Speaker 2 (01:09:50):
Just stop again? Why are there a limited number of chatbots?
They're not real. Why wouldn't you have an infinite infinite
number of chatbots?

Speaker 5 (01:09:56):
You've only got so many servers doing the chatbots expensive?

Speaker 2 (01:09:59):
You expand your expand your memory. You had to wait?

Speaker 5 (01:10:03):
Yeah, so you had to wait in line for a chatbot?
How long did you have to wait for?

Speaker 2 (01:10:06):
What were we Katie twenty fifteen, twenty twenty yew oh
well we were like five or six in the queue.

Speaker 19 (01:10:13):
Yeah, this is another one of those stories you tell me,
did you personally?

Speaker 5 (01:10:17):
But you were actually the one on hold?

Speaker 19 (01:10:18):
It was me, And often I hear you tell these
stories and you go I had to put up with this,
and I think, no, you didn't, You weren't.

Speaker 11 (01:10:25):
You did not.

Speaker 13 (01:10:25):
It was I went off to the snooker room show
a few frames and then came back and my wife
was still on the phone waiting for the chatbot.

Speaker 5 (01:10:31):
That's outrageous one hundred. How it goes, if we what.

Speaker 2 (01:10:35):
Have we achieved with chatbots? If we've achieved nothing with chatbots.
I mean, the whole point of technological advance is something
profoundly changes a bit than It.

Speaker 19 (01:10:46):
Must be a system, and it must come down to money.
Some are bitter than others someone. Some are like, Hi,
I'm Gina, You're friendly, I've got names and they want
to get to know you. And others are just you know,
wrote like, I'm a chatbot. Do the following three queries?
Meet your name?

Speaker 5 (01:10:59):
You know? Do you want to know about X, Y
or Z? You have to select what was okay?

Speaker 2 (01:11:05):
Because I was I was there but adjacent What actually happened? Katie?
Did the chat bots in the same room?

Speaker 5 (01:11:11):
Admit it? You weren't even in the same room.

Speaker 2 (01:11:14):
No, I wasn't the same room.

Speaker 6 (01:11:15):
Remember this I can't.

Speaker 13 (01:11:17):
Deal with because this is not a novel situation for you, Katie,
this is just the grinding.

Speaker 2 (01:11:23):
Well, have you kapen your whole life in a chatbot Q?

Speaker 19 (01:11:27):
Honestly, this is the daily Edmond and the grind.

Speaker 2 (01:11:30):
You wouldn't have this.

Speaker 19 (01:11:31):
I like talking to chatbots. It's I'm permanently on hold
with something.

Speaker 5 (01:11:35):
Have you tried have you tried? Actually, have you tried
talking to chat GPT? I love chet.

Speaker 19 (01:11:41):
GPT wants to be your friend now, it's so cut.

Speaker 20 (01:11:44):
Chat gpt is Roman was talking to chet GPT said
are you going to take over the world?

Speaker 2 (01:11:52):
It's not a bad question.

Speaker 5 (01:11:53):
What was the next question? Is? It's like there is
a lot of uncertainty about new technology, but I think
you'll find that.

Speaker 20 (01:12:01):
Essentially, it was that it was a holding. It was
actually a holding statement like, well, I might be working.

Speaker 2 (01:12:05):
On taking maybe maybe not.

Speaker 5 (01:12:07):
In contrast, I'm going to be your new friend.

Speaker 2 (01:12:09):
In contrast, Katie's last question to chat gpt was what
is this as she held a fruit up to it
and it went into purple guaba.

Speaker 19 (01:12:16):
Yeah, and then it said not just it's a it's
a strawberry gaba. But it said would you like some
nice would you like me to provide some nice recipes?

Speaker 5 (01:12:24):
Perhaps a cocktail?

Speaker 9 (01:12:27):
Okay?

Speaker 20 (01:12:28):
See this is the way, Katie, This is the only
way you can get an intelligent and courteous conversation in
your and your life, isn't it?

Speaker 5 (01:12:35):
Speaking to chat GPTs?

Speaker 2 (01:12:36):
Here we go, Here we go? What are you doing
for anzac? Data? Morrow?

Speaker 13 (01:12:39):
Tim, We'll probably go to mass Actually, remember Nice who
gave so much so that we could we could enjoy
the freedoms.

Speaker 15 (01:12:47):
That we have.

Speaker 2 (01:12:48):
Well, there was nothing wrong with that. Will you enjoy that?
And Katie, you enjoy it. And it'll bound to be
fun because some of it's going to be with me
and some an biscuits and biscuits? Where do they come from?
Are they from.

Speaker 19 (01:13:01):
Dive from Hunebe?

Speaker 2 (01:13:02):
Oh, well that's not it's not quite as exotic as it.
Twenty two eight twenty two.

Speaker 1 (01:13:08):
The mic asking Breakfast with Bailey's Real Estate news dogs.

Speaker 2 (01:13:11):
There'd be now. The RSA's annual Poppy Appeal is underway
every day. The RSA supports veterans of course of military
service and their family and communities up and down the
country got over sixty thousand veterans created since nineteen ninety,
so the demand on the services, as you can imagine,
has never been higher. And military personnel they can be
affected mentally physically by both the environments that they're required

(01:13:31):
to serve and then situations they're exposed to. Most of
course have no issues, which is the good news, but
some do struggle to reintegrate or suffer from past injuries
or experience going on these ongoing mental health issues as
a result of that service, which is where the support
from the RSA becomes so so valuable. Because they're not funded,
they rely on our help, which is why we do
the Poppy Day. Text poppy to eight five nine five.

(01:13:55):
That's text poppy to eight five nine five and that
will instantly donate three. You can do it online if
you like RSA dot org dot nz slash donate, RSA
dot org dot enz slash donate, or of course you
can look out for the famed street collectors on Poppy
Day pasking Prime Ministers just announced that he and Starmer

(01:14:16):
have released a joint statement in which they pledged to
do more to ensure the partnership remains robust. In a
rapidly changing will for what a waste of time that
was slightly signing something with the boss. I have pledged
to return to the radio on Monday morning at six
am to continue the mic hosking breakfast. When we don't
do that, why would he? Profits are up at you
are not yeasy at Addi Das, which I'm pleased to hear,

(01:14:37):
because Eddie Das have had problems, not just with the
Yeasy mind you. Yeasy was a very successful part of
the business until Watts's face went nuts and they had
to distance themselves and they've been trying to offload them
cheap ever since. Anyway, for the first time in a
number of years, their first quarter numbers have come in.
Their profit is up over operating profit is up over
eighty percent, so they made six hundred and ninety two million.
They're worried about the tariffs because most of their shoes

(01:14:59):
have made in Vietnam, Indonesia and Bangladesh, and a fifth
of their sales are in the United States. So that's
not going to say you get you get rid of
old Kanye. Next thing, you know, you got an equal
nutter in the form of Donald So business hasn't really
changed that much for them. But we like successful businesses,
don't we. Now money got big, big money problems for
Rachel Reeves, the Chancellor in Britain. We will talk more

(01:15:19):
about this after the News, which is next.

Speaker 1 (01:15:22):
The Breakfast Show, Kiwi's Trust to Stay in the Know,
the mic Hosking Breakfast with the range Rover, the La
designed to intrigue and use.

Speaker 2 (01:15:31):
Togs Head be Mike. Yesterday you announced that Tesla had
a worse than expected report. I didn't. I don't think
I said it was worse than expected. I said it
was a very poor report. The market may have been
expecting even worse. Today the stock is up over five percent.
Just adds to the confusion of what's happening in America
and people's thinking. James, thank you for that. It's a
very good point. What drove the generally, what tribes a

(01:15:53):
share price is if the number, if it goes up,
is the number is not as bad as you were
expecting if you're expecting a bad number. But what more
importantly happened yesterday is they have what's called an earnings call.
The head of the company, in this particular case, Elon
must jumps on the phone call people ask him questions
and what he says then drives the price generally. And
what he said yesterday is he's pulling out a doze
and he's going back to concentrate on cars. That was

(01:16:15):
seen as a positive move in a variety of different areas,
not least of which is in the business of the
cars themselves. Mike, I don't think has been brought up
this morning, but it had me wondering since hearing it
on the news yesterday morning. Why has Luxton decided now's
the time to make a stand on the side of
Ukraine and Starma after being fairly neutral. You're wrong on that.
I don't know what you've been listening or following, but

(01:16:36):
what lux and I've followed what he said over there
when he looked to our troops or talked to our
troops the other day or the troops they're training. He
said nothing there that he hasn't said here one before
and two a number of times, very loudly, very clearly.
Twenty ten minutes away.

Speaker 1 (01:16:51):
From nine international correspondence with ends and eye Insurance, peace
of mind for New Zealand business, we are UK bound.

Speaker 2 (01:16:58):
Roderick Little a.

Speaker 12 (01:16:59):
Very good morning, make good morning to you, mate.

Speaker 2 (01:17:02):
After your expertise this morning, because I know that Auntie
Rachel's are gone and borrowed a tremendous amount of money
that she wasn't expecting tomorrow, and therefore she will need
some sort of accommodation from the Americans. Read these trade deals.
Does anybody actually know what's in these deals, whether the
Americans are going to equious at all, and whether there's
some sort of mess of relief coming your way fiscally

(01:17:23):
or not.

Speaker 12 (01:17:25):
I think there is some sort of acquiescence coming our way,
and I think there is some sort of relief coming
our way which will be incredibly welcome for the Labor
government and indeed for Rachel Reeves. How much it will be,
I'm not sure, but I've been assured by various people
close to Trump. But then you know who knows Sydney,

(01:17:49):
who knows in the end that the UK has looked
upon favorably and that there will be some sort of
concession and will be better off than others. All doesn't
address the huge problem which Rachel Reeves, the Chancellor of
and the Chancellor of the Excheque, and the person who
in an opinion poll only a couple of days ago

(01:18:10):
came out, has been easily the most unpopular person in
the country. As a politician. She has overshot official borrowing
forecasts by fifteen billion quid in the eight months that
she has been in office, and as you probably know, Mike,
we weren't terribly chary about borrowing, I mean before she

(01:18:33):
came in, you know, so this is a huge, huge problem.
The figure is fifteen billion pounds more than in the
last financial year. We're still spending and spending and spending,
and nothing she has done has reduced that. There has
been no economic growth. And the suggestion is that you know,

(01:18:56):
when the autumn budget comes along, which isn't that far
off now, it's going to be either very grave tax
cuts or even bigger cuts to public services. One would
hope that it's a latter, because that's where there's more
room I think to spare and see.

Speaker 2 (01:19:12):
What's interesting about that for me is that that we've
been relatively complimentary about what they've done as a labor government,
in the sense that they've had had to go at
the NHS, they've had to go at the people laying
about a welfare and all that sort of stuff. Look good,
But then you go back when you're doing what they
are doing with the money, you're going back to the
labor party of old and labor parties historically aren't that
good with doe and these numbers would back that up.

Speaker 12 (01:19:34):
Indeed, that's all true, and actually we may have been
too come to them in many ways. I think I
think they've done incredibly well on the on the international stage.
I think they've managed the relations between the Europe and
the USA with a degree of dexterity, and between the
Ukraine and Europe with a degree of dexterity. I think

(01:19:58):
they have made a few moves to character act some
of the more ludicrous ideas of the woke movement, which
have gone down well over here. But frankly the LHS,
we've been told that Westreeton wants to reform it, show
us what are you going to do? And we have

(01:20:18):
a chancellor who is who failed in her first budget,
a dreadful mess in her first budget didn't do much
better you know, a month ago, and we have Ed
Milliband who believes that Britain can be run energy wise
on kind of I think the tears of Unicorns. I

(01:20:39):
mean he is banning everything which doesn't fit in with
his bizarre net zero ambitions. So there's a real problem there.
You got rid of Reeves and Milliband, you've got a
government that might work.

Speaker 2 (01:20:52):
Interesting, speaking of Milliband, how does he go about charging
the South more for power than the Northea.

Speaker 12 (01:20:58):
It's an interesting one, isn't it? And I kind of
get it. So is far far better off than the North.

Speaker 3 (01:21:05):
You know.

Speaker 12 (01:21:06):
I'm sitting up here in the North of England, and
our tariffs on almost everything apart from council churches, by
the way, are much lower than they are in the South.
The disposable income in the South is much larger, quality
of life better, et cetera, et cetera, et cetera. So
this is classic socialist economics at work, which is we

(01:21:30):
charge the people in the South more, partly because a
lot of their energy will come from areas beyond their remit,
you know, so all the areas which could put up
with huge wind farms and offshore wind farms, and so
the panels across everywhere our areas where the rents are

(01:21:51):
comparatively low. So it means the North, it means Wales,
it means a West Country, it means to a degree,
the East Midlands. So I could see the point of this.
The trouble is for labor that it was the South
and the Southeast which elected them to office.

Speaker 2 (01:22:11):
Exactly. All right, mate, you go, well, we'll catch up
next Tuesday. Rod little out of Britain Force this morning,
just quickly. In that part of the world. They're going
to try tasers, trial them on prison guards for prisoners
who cause difficulty in jail. There's been a couple of
attacks on the officers. The union's got agitated. In fact,
the unions are saying, we don't need a trial, let's
just get on with it. Meantime, they're also going to
start publishing the nationalities of foreign criminals, and there's a

(01:22:34):
lot of them. There's the Home Secretary. There are nineteen
thousand foreign offenders awaiting deportation, up from almost eighteen thousand,
so they're not winning that battle. Ever, anyone who's sentence
to more than twelve months in prison is set for
automatic deportation, so they're going to at least let you
know where these people are from. And I note also
that British Steel appears because it was nationalized the other day,
and we told you about that at the time that

(01:22:55):
the consultation that was underway to get rid of the
twenty seven hundred jobs has now been officially withdrawn, and
so the jobs are safe. Steel production in that particular
part of the world seems safe for now as well,
which is good. Sixteen two.

Speaker 1 (01:23:10):
The Hike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (01:23:15):
At b AT are thirteen minutes away from line I
note with I think some concern. We discussed it on
the program two three weeks ago and one of the providers,
the power providers as an electricity providers in this country,
were suggesting one of the answers to our problems because
I hope you're aware that we're going into yet another
winter with not enough production and power in this country
because we're so hopelessly reliant on hydro and hasn't rained enough.

(01:23:38):
So then we go to our backup sources, which of
course end up being coal. So there's never been more
coal in the country. We do want renewables, but we
haven't built enough renewables because we've got the endless problem
of how long it takes to do anything in this country,
whether you're talking about the RAMA or anything else. So
one of the arguments was that what we do as
we go to the reserves. Now, we've got plenty of reserves,
and there have been charge train in charge of those

(01:24:00):
particular reserves, and the supply we were talking to on
the programs says, let's just dip into the reserves. That
seemed to me to be relatively sensible until Transpowers got involved.
And are they saying, well, we're not doing this. They
they've issued a paper. They've got some wide ranging feedback,
and they've issued a paper, and as a result of
that paper being issued, they've got a full review underway.

(01:24:21):
And once they've got that full review underway and completed it,
they're going to issue another paper. And that paper is
going to come to us in the winter of twenty
twenty six, would be sort of this time next year.
Now generators have asked, they say, for easier access to
this water. We have, they say, an aging fleet of
thermal generation units to provide back up. I think we
know that for when the wind doesn't blow and the

(01:24:41):
sun doesn't shine and it doesn't rain enough. There are
no easy answers, they say. Now here's their argument making
it easier their words, not mine, Making it easier to
use contingent hydro storage to reduce gas and coalburn may
feel like a no brainer, but it isn't, to which
I would say, isn't it Our decision puts New Zealand

(01:25:05):
security of supply first. So what they're saying is they're
being deeply conservative and they're going the moment we dip
in to this reserve water and use it, two things happen.
One we have less water in our reserves, and two
we need the rain next year to be even more
rain to back up the reserves. And once they've backed
up the reserves to then go on supplies with the
regular amounts of water required for the hydro production. That's

(01:25:25):
not an unreasonable point. My point would be is what's
the point of a reserve if you're never going to
use it? And if you're never going to use it,
which appears to be Transpower's argument, there's no point in
actually having a reserve because even though it's sitting there,
it's just toying with you, isn't it. So it's important
they say for the market to continue to coordinate, early coordinate.

(01:25:45):
What if it's not raining and there's no sun and
there's no wind, what is it you're coordinating apart from
bringing more coal into the country, which allegedly we don't
want to do. So the recent inflows have ease the
decline apparently at the hydro that that's a flashway of
saying it rained a lot, and things aren't as bad
as they were, sitting currently at eighty two percent of
average for this time of year, so we may scrape through.

(01:26:08):
But what are you coordinating If the reserves are out
of play and the things that you can't control aren't
working the way you want them to, what is it
you're coordinating? None of it seems to make any sense
to me. Night Away from Lyne the.

Speaker 1 (01:26:23):
Mike Hosking Breakfast with a Vita Retirement Communities News togs
Head be not some.

Speaker 2 (01:26:28):
Good news for tech lovers from Harvey Norman super deals.
They're still on, but they're ending super soon. So you
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vertuo with milk froffer at only two fifty nine That

(01:26:51):
saves your whopping one seventy For the tech geek, you
can grab incredible deals on the next gen AI laptops, headphones, cameras,
and smartphones. We've got up to thirty percent off the
HP laptops, that's excluding clearance items. The standout's going to
be the HP omnibook x fourteen inch Copilot plus PC
for nineteen ninety six. That's a saving of over eight

(01:27:12):
hundred and eighty bucks. That's good. Audio perfection awaits with
the Sony wh one thousand XM four their headphones just
three hundred and thirty five bucks, while content creator is
going to love the Sony ZV one f vlogging camera
for only six eighty eight. Who doesn't want to logging camera?
But you better hurry this, Harvey Norman super deals must
end on Tuesday asking speaking of tech, actually findily enough,

(01:27:33):
I note that Warner Brothers, which have a part to
plan this particular part of the world, they're cracking down
on passwords sharing. Obviously, looked at Netflix and when that worked,
and it did work for Netflix, I mean that thing.
At the time, I remember thinking, Gee, it's going to
be interesting to see whether they successful on this, and
I've looked at their numbers subsequent to the to the
crackdown and it does work. So anyway, Warner Brothers Discovery
are given a go on Max. They've launched a new feature.

(01:27:55):
It's called Extra Member add On. I don't know the
supplicable here because I'm permanently confused about streaming in this country.
I know you can get Max on Sky something, or
rather Sky up, Sky down, Sky goes, Sky round the Block,
whatever that is. And if you've got that, you can
go by Entertainment and that's Max and Max cost your money.
But anyway, the extra member thing of seven nine, seven
ninety nine a month. The option is limited to one

(01:28:16):
add on profile per subscription. If that means anything to you.
Five minutes away from.

Speaker 1 (01:28:21):
Nine trending now you're one stuff for Mother's Day.

Speaker 2 (01:28:26):
Fragrances Ed, you know Sheeran. He's been in a pub
in Nashville alongside a guy called Noah who sings songs
as well as Ed, and they did a little pop
up and they started singing a song. And not only
did they start singing a song, they started to sing
this is a song that's never been heard before.

Speaker 21 (01:28:42):
Conversations with my dead friends me suggests from all I
except I can't think that this worst best left. They're
in the past.

Speaker 1 (01:28:56):
We'd along.

Speaker 21 (01:29:00):
An overwhelming signs.

Speaker 1 (01:29:03):
Of all the friends I do not have.

Speaker 21 (01:29:06):
Let scene on A family has fractured, gooing up and.

Speaker 2 (01:29:14):
You gotta say it's very ed, isn't It means unmistakably ed.
He's been doing a number of these pub pop ups,
apparently ahead of his album, which is called Play, and
it's going to be released in September allegedly. I just
wonder how many of these are I mean, really, does
he honestly literally just go down to a pub and
then start sae. Because I'm looking at that Lord thing
yesterday in I can't remember the name of the park,

(01:29:35):
but I've been to the park. I thought, I've been
to that park. It's a very nice restaurant in that
park where she was in New York yesterday, and I
was just wondering, actually if I was at that restaurant,
because I've got a beautiful outdoor terrace and I was
thinking to myself, I was at the outdoor terrace and
Lord turned up with her grunge supporters. Would I suddenly think, oh,
that's right in my dinner anyway? How much of that's
genuine pop up versus kind of it's a bit pre planned.

(01:29:57):
And we'll leak a bit of it out on social media,
and we'll make sure we're recording it so Hosking can
put it on a show at the end of a
Thursday morning. You know, Hi, are we all just in
the matrix? Is the question I'm asking you as I
leave you for the long weekend. Anyway, We'll look forward
to your company Monday as always, Happy Days.

Speaker 1 (01:30:22):
For more from the Mic Asking Breakfast, listen live to
news talks it'd be from six am weekdays, or follow
the podcast on iHeartRadio.

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