Full Show Podcast: 28 August 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
New Zealand's voice of reason is Mike the mic Hosking
Breakfast with Bailey's real Estate altogether better across residential, commercial
and rural news togs dead be.

Speaker 2 (00:11):
Morning and welcome today. More supermarket noise from Nicola. If
announcements for specials, we'd all be saving. We got some
more good news on housing. Georgia Lyne's about to leave
and live in Nashville, but before she does, she comes
in with her guitar to say goodbye and sing us
a song. Joe McKenna's in Rome. Rod Little is in
the UK, tasking right, We're in the Thursday, seven past six.
Nikola willis Beck Yesterday for another guns at dawn with

(00:33):
the supermarket. She had the results of the RAFI Request
for information A main takeout. We're all too tied up
in red tape. We need to make it easier to
do business now. We know this, of course, because before
the RFI she told us this, and she told us
she was going to do something about it. She told
us she was going to do something about it again yesterday,
Play another song, Nicola. Then bad news, Aldie and Little,

(00:54):
a couple of large supermarket players who she had been
Courting didn't even take part in the RFA. Why, as
I've told you for the last two years, at least,
we are too small, and the scandal Nickeler insists exists,
actually doesn't. There is no mystery. They just can't be
bothered with the country our size. Cost Co did take part, though,
but Costco aren't Nicola's answer why because Costco aren't going nationwide.

(01:16):
Even Nicholas said they may may have one or two
more stores in coming years. Then the worst bit of
her greatest hit show, the finger wagging exercise yet again
of threatening to break the industry up with regulation. She's
awaiting a report when when she doesn't have a date,

(01:36):
who's doing the report? Hah, same company that did the
same report for the labor Party. Good work if you
can get that a So what did we actually end
up with? A re announcement of the fact that we
are hard to do business with. Fine, stop telling us
actually change some laws. Second, major players couldn't even be
bothered taking part. And third, the thing that may bring
real change, do remember rider, I think all this is nonsense,

(01:59):
but Nichola's mind, it's a scandal. The thing that may
bring real change is no closer, because we don't have
the report, and we don't even know when we're getting
the report, and having got the report, there is of
course no reason to think such a major business busting
trigger by a so called business friendly government would even
be pulled. So is you Trolley any cheaper, has Nicola
or her grocery commissioner another game changing pile of nonsense

(02:22):
you referenced yesterday actually achieved anything? Has a scent been saved,
has a law been changed? Has a new player arrived?
Or is this just like the bank's no smoking gun
to be found?

Speaker 1 (02:37):
News of the world in ninety seconds.

Speaker 2 (02:39):
Well of the saddest, if not the sickest, parts of
America's unfolded yet again this morning in Minneapolis, a school
shooting had seen two children dead fourteen more injured.

Speaker 3 (02:47):
During the mass, a gunman approached on the outside, on
the side of the building and began firing a rifle
through the church windows towards the children sitting in the pews.

Speaker 2 (02:59):
That miss the Maya.

Speaker 4 (03:02):
But to everybody out there, do not think of these
as just somebody else's kids. Those families are suffering immense
pain right now. Think of this as if it were
your own.

Speaker 2 (03:17):
An aunt at one of the students.

Speaker 5 (03:19):
My brother in law is a firefighter too, and it's
his kids that could annunciation.

Speaker 6 (03:23):
And thankfully we heard about fifteen minutes ago that they're safe.

Speaker 7 (03:27):
But it's so awful and it's so scary.

Speaker 2 (03:29):
Hospital was busy.

Speaker 8 (03:30):
These incidents are never easy.

Speaker 9 (03:32):
We've had two in the last twenty four hours that
have occurred, these mass casually incidents. Today we received a
total of eleven patients. Two of them were adult patients,
nine pediatric patients.

Speaker 10 (03:45):
A witness man running up the street the other way
and he was frantically running like he was running for
his life.

Speaker 11 (03:52):
We heard probably.

Speaker 10 (03:53):
About fifteen to twenty gunshots in about thirty seconds, so
we just booked it.

Speaker 2 (03:58):
It's not just shootings, by the way, if you're not following,
this has also been a spate of hoax shootings across
America at school and basically schools back from summer other matters.
Nigel Ferrag, who's hot on deportation, of course, said this yesterday.

Speaker 12 (04:10):
Women and children, everybody on arrival will be detained.

Speaker 2 (04:13):
Until he said this today, we were.

Speaker 12 (04:15):
Not even discussing women and children at this stage. There
were so many illegal males in Britain and the news
reports that said that after my conference yesterday.

Speaker 2 (04:23):
Were wrong, even wrong, wrong, wrong sort of did he
say it originally?

Speaker 12 (04:28):
Can women and children? Everybody on arrival will be detained?

Speaker 2 (04:32):
Okay, his day did pick up though, another Tory defector.
We'll talk to Rod about that later on. Then finally,
object in space, spaceship you say no. Back on the
first of July, the Hubble used its infrared vision and
spectrograph instrument to identify an object hurtling through space. Now,
first it was reported as unidentified. Then a bloke from
Harvard said it was potentially hostile if it was alien,

(04:55):
and that's all but tim Hats needed to hear. Sadly
for them, it turns out to be comet. It's called
three I Ford slash Atlas and weird thing. Anyway, it's
the third object to come through our solar system, having
formed around another star in a separate system. Here's the
world in ninety You want a fun fact, fun stat
this morning, there's a company called their Chinese, Chinese semiconductor
company called Cambricorn. This is the fascinating world of bay

(05:16):
I and semiconductors and all that sort of stuff. Anyway,
they announced their their revenue. Their revenues up guessed by
how much? Four thousand percent? How's your business going? I
was going quite well. It's up four thousand percent. Twelve
past six.

Speaker 1 (05:30):
The Mic Asking Breakfast Full Show podcast on iHeartRadio, part
by News Talk Seppy.

Speaker 2 (05:39):
While we're on the China theme, their industrial profits yesterday
slipped to one point five percent in July. They're dressing
that up. Has been good because it's sort of a
recovery because it has been worse. We live in a
strange old world. At the moment we're going backwards to
somehow made to feel because it wasn't it, you know how?
It was fifteen past six, so JM I Wealth Andrew
Keller had good morning. Might report season continue? So ebos

(06:03):
are unto pharmaceuticals and they do a little thing or
two of the animals as well.

Speaker 13 (06:06):
Yeah, and of course, yeah, the Fluru reports continues, and
of course we get the full range of outcomes in
terms of share price response.

Speaker 14 (06:15):
So a bit of a spoiler alert here.

Speaker 13 (06:16):
Things didn't go that well yesterday for the eboss share
price after their result came out a thirteen point nine
percent or we'll call it fourteen we fall in the
share price. So they released their annal results yesterday. Yeah,
you're right, Mike. As a quick reminder, their listed dual
listed asx Interdex Pharmaceutical Wholesaler, Hospital Medicines Wholesaler. You right,

(06:37):
they've got animal care products and a big community pharmacy
footprint in Australia.

Speaker 14 (06:41):
Lock now a couple of years ago.

Speaker 13 (06:43):
The backstory here as they used to supply the chemist Warehouse.

Speaker 14 (06:47):
That was a massive contract.

Speaker 13 (06:49):
They lost that, so that's now been phasing out, so
they're now in what we would call the post.

Speaker 14 (06:54):
Chemist Warehouse era. The result was slightly.

Speaker 13 (06:57):
Below expectations, I mean, earning two percent below consensus, net
profit after tax four percent below. They do report all
their numbers in Australian dollars. Revenue twelve point three billion
Ossie dollars. This is a big business. Underlying earnings five
hundred and eighty five million Nazzy dollars.

Speaker 14 (07:14):
That was at the lower end of the guidance. And
if you actually adjust.

Speaker 13 (07:17):
For the loss of the chemist Warehouse Chemist Warehouse contract,
there's actually some course for celebration there because the numbers
are lifting.

Speaker 14 (07:24):
But the real story behind the share price being punished.

Speaker 13 (07:28):
Is the outlook because the current year numbers don't seem
to warrant the share price response. The issue here is
their forecast underlying earnings for next financial year. MIC have
fallen below expectations, even though the forecast was for those
to be seven percent higher. The market wanted more and
if I sort of worked through the numbers to give
you an idea here, the market was looking for a

(07:48):
net profit after tax sort of three hundred.

Speaker 14 (07:50):
And eighteen million somewhere around there.

Speaker 13 (07:52):
Their forecasts about two sixty three, so quite a lot short.
But q the biggest fall in the EBOS share price
in over thirty three years. So look at my companies
are getting punished for not meeting expectations at the moment.
But this feels like a little bit of an overreaction.

Speaker 2 (08:08):
Could be a buye Now about precinct properties, Yeah.

Speaker 13 (08:11):
Well, these guys have been busy in apologies or of
listens out. This is quite an Auckland centric project, but
that's where a lot of precincts work is. There's a
high degree of interest I think in some of these projects,
particularly in downtown Auckland. Are the downtown car park set
to be redeveloped or removed, which will be very painful
for those of us that use it regularly for parking.

Speaker 14 (08:31):
But that's progress, isn't it, Mike.

Speaker 13 (08:32):
So I'll have to jump on the NX one or
something I'm supposed to get down anyway, the four years
old operating profit left one point two percent.

Speaker 14 (08:39):
Mike.

Speaker 13 (08:40):
My view is there's going to be increasing interest in
these listed property trusts because term deposit rates they're falling,
interest rates probably going.

Speaker 2 (08:47):
To go lower.

Speaker 13 (08:48):
Investors are going to start looking for income alternatives. The
list of property trusts do pay attractive divedence, so I
think they'll have a lot more attention on them. As
I said, they've got lots of projects on the go.

Speaker 14 (08:57):
They're being busy.

Speaker 13 (08:58):
They're building the largest accommodation project or facility in New Zealand.

Speaker 14 (09:02):
That's up at Auckland UNI, one hundred and twenty apartments
in Mount Eden.

Speaker 13 (09:06):
They're looking for a capital partner for the PwC Tower,
that's the one, the nice big new building, shiny building
at the bottom of Auckland. That's all about recycling capital.
And as I say, they're redeveloping the downtown car park.
And this is the biggie because this will reshape that
part of downtown Auckland that's between the viaduct base and
the new commercial Bay, so that'll all look nice and new.

Speaker 14 (09:27):
It'll just be far fewer car parks.

Speaker 2 (09:29):
Okay, inflation was it just the power prices yesterday? In Australia?

Speaker 13 (09:34):
Mostly mostly so ossie inflation you say, surprisingly higher two
point eight percent year on year and mostly higher electricity
prices are to blame. Thirteen percent lift in average electricity prices.
There's also a bit of a delay in some of
the states getting the quarterly energy relief payments to consumers.
Of course, the unlining issue here micah's rising costs for

(09:55):
energy right across Australia because this transition from fossil fuels.

Speaker 14 (09:59):
To renewable energy sources, it is a.

Speaker 13 (10:01):
Gargantuan task and it's costing people money. There was a
little bit of lifting holiday travel accommodation, but so it's
gone from their annual inflation last month, gone from one
point nine percent. It's now at two point eight percent,
so that's a very big jump. Expectations are at two
point three percent. But this the big transition. It's costing money.

Speaker 2 (10:19):
Numbers please radio, So.

Speaker 13 (10:21):
Everyone's sitting around waiting for the Nvidia result, which I
think is going to come out about eight o'clock our time.
At the moment, the dal Jones is up per point
three five percent one hundred and sixty points forty five thousand,
five hundred and seventy eight, the sm P five hundred,
up per point two two percent forteen points six four
eight oh and the Nasdaq up point three ofer percent.

(10:42):
So all in the green sixty five points twenty one thousand,
six hundred and nine to forty one hundred over nine
percent down small just point one of a percent nine
two five five, the Nike up one hundred and twenty
six points.

Speaker 14 (10:53):
For four to five to oh.

Speaker 13 (10:55):
The checking how Compett had a weeker day down one
point seven six percent thirty eight hundred of the mark
there yesterday. The Aussi's gained point two eight percent eight
that's twenty five points, and the insects fifty foul three
quarters of percent ninety six points twelve thousand, eight hundred
and sixty one. Kiwi point five eight sixty three on
the wholesale markets against the US point nine zero zero

(11:17):
three against the OSSI point five oh three eight euro
point four to three four to three against the pound
eighty six point four ozer. Japanese end gold is just
creeping a little bit higher. Make three thousand, three hundred
and ninety four dollars and break crew sixty seven dollars
and eighty three cents.

Speaker 2 (11:33):
See Friday and Andrew Kelleher Jomo Wealth dot co dot
n zensk. Lego is incredible twelve percent jump and revenue
for the first half of this year five point four billion.
That's US dollars. By the way, they added a record
three hundred and fourteen new sets. You kidding me. They
got twenty four new stores. They're operating. Profit is up

(11:53):
ten percent, best first half year ever. They're in two
decoor with wal Art sets. They've got sets tied to
bluey as in the television program. They've got the tied
up with Pokemon that's hitting the shells next year. They're
into botanicals. You can buy Lego plants, Lego flower bouquets,
and Lego succulents.

Speaker 15 (12:14):
Hell's going on there.

Speaker 11 (12:15):
We got some of those in your house. Lego succulents,
No Lego plants, Lego flowers. They look great and they
don't need watering.

Speaker 2 (12:26):
Fall in his money six twenty two at Newstalk ZBO.

Speaker 1 (12:34):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio Now
would buy News.

Speaker 2 (12:39):
Talksb Mike just bought the Mercedes F one Lego set
forty seven years young. Well, I hope you enjoy it.
I've got I sort of felt good for TV and
ZID yesterday, you know, with the business of the world
carp and the money behind football, et cetera. Because Channel
nine Australia came out with their results and what interested
me is they've got the EPL. They've gone and won
the EPL for their streaming service, which is called Stan anyway.

(13:01):
As a result of them winning the EPL, they added
two hundred thousand subscribers. So Football Play six twenty five.

Speaker 1 (13:11):
Trending now with ware House You're one start for Father
and Day Fragrances.

Speaker 2 (13:16):
Movie Time, Prime Video, Little Something from the director of Kiss, Kiss,
Bang Bang and the Nice Guys guy called Shane Black.

Speaker 8 (13:23):
Got a bit of a problem. I'm looking for a girl.
Is this an amorous and Cory? She killed everyone on
my last job.

Speaker 2 (13:31):
I just need to talk to her, you mean, actually
talk because sometimes when you talk to people end up
at WILM temperature.

Speaker 8 (13:38):
I'll be gentle you killed them again last time, I
promise here.

Speaker 16 (13:43):
Oh you're such a gentleman.

Speaker 2 (13:44):
Thank you, no, thank you.

Speaker 8 (13:47):
What's the score.

Speaker 5 (13:47):
We're gonna rob an entire country a sumpkin treasure, Parker
worth a billion dollars.

Speaker 8 (13:54):
Getting data was no ordinary shift. Her story stuff of
legends in fifteenth century specupit, oh story, Just tell them
about the plan. Another story. There's treasure. It'll be in
New York tomorrow. That's plenty.

Speaker 2 (14:06):
It's called play Dirty, Mirk Wohlberg, Lakeith Stanfield. I looked
him up. I don't know him. He's in another movie
coming out shortly called ruf Man. Prime Video. You don't
call it Amazon Prime anymore. It's out October first. I
was on the Prime Video sub menu yesterday. Do you
realize there's a sub menu? I mean I probably said that,
and everyone's going out cross that sub menu. So anyway,

(14:26):
I hit the sub menu and I looked at all
the stuff that's available to you now, and I, for
about ten minutes scrolled through like it was HBO Max,
all of Max, all of HBO, all of any uboo
doo boo ID. There's like seven million things out there.
And I scrolled through and literally the world's gone mad
with the amount of content that's out there. There is
so much content out there. There are literally thousands of

(14:48):
programs available to you on your streaming service that you
probably don't even know about, and I couldn't find a
single one. Yes, so quantity does not equal quality or
anywhere even close. I've got some good news on the
housing front for you. In a couple of moments after
the news, which is next.

Speaker 1 (15:06):
The Mike Cos Game, We've beensateful. Were then engaging and
vitally the my Casking breakfast with a Veda Retirement Communities,
Life Your Way News togs Head.

Speaker 2 (15:17):
BJRNE was telling us Tuesday about the French desire to
get more people enrolled in the military sort of a
voluntary basis and build up the military reserves. Will Germany
did the same thing again overnight. They've got a drive
to attract more people on a voluntary basis into the
military service. They boosted They're funding another two billion dollars Mertz,
pushing plans through parliament to enable higher defense spending. They're

(15:38):
going to loosen up on the debt level. The strongest
conventional army in Europe's what he's after. So it's an
interesting time in the EU at the moment. To Joe
McKenna is in part of it. She's in Italy shortly
twenty three to seven.

Speaker 14 (15:51):
Now a week.

Speaker 2 (15:52):
Where we have a number of Bridery economic reads, we
can perhaps add another from the housing market. So we've
got housing affordability at this most affordable level since twenty
nine nineteen, almost seventeen percent better than at the peak
of COVID. Time required to save a deposit, for example,
is now down to ten years, whereas once was fourteen.
Kelvin Davidson is the chief property economist it Ca Tellity
is back with this is Calvin Morning to you go

(16:14):
it and your reports. Is talks about steady income growth.
See this is the psychology of housing, isn't it? Because
if I round it up most people and goes, now,
what about your steady income growth? They go what income growth?
Wouldn't they?

Speaker 17 (16:25):
Well, yeah, just right now they might be questioning that.
I guess what we're looking at here is over a
longer period of five or six years, where house prices
have for them and comes have gone up over that period.
Might be slow now, but they have increased over that period,
and of course the house price is down. So yeah,
those things have certainly combined to improve housing affordability. Not cheap,
but it's a lot better than it was.

Speaker 2 (16:44):
We should also remember the power of the lower interest rates,
because we forget that, don't We sort of talk about
twenty five point. If you go back over several years,
it's come down exponentially, hasn't it.

Speaker 9 (16:53):
Yeah?

Speaker 17 (16:53):
Oh yeah, And a lot of people, for whatever reason,
use their sole key house price or housing four ability
measure is the house price to income ratio. And now
that's fine, but what it ignores as lower mortgage rates.
So yeah, once you factor that and things starts looking
a lot better. Actually, on our measure, we're we're looking
now at forty four percent of median household income goes

(17:16):
to service a new mortgage. The average there is forty three.
So it's now pretty close to normal. Now it's not
below it. It's not necessarily cheap. It's back to some
kind of normality.

Speaker 2 (17:25):
But it was fifty seven. But I mean, fifty seven
to forty three forty four that's a material difference, isn't it.

Speaker 18 (17:31):
Yeah?

Speaker 17 (17:32):
Yeah, And a lot of that you would put obviously
house prices have fallen, but the sharp falls and interest
rates are part of that too, and I guess now
pretty clear indication that the interest rates are getting lower.
So yeah, I think we're establishing some kind of foundation.
I think the house prices.

Speaker 2 (17:46):
There's a window here though, because at some point, if
Christian and as a gang of merry men and women
are right, the affordability window closes because an investor is
going to go right, I'm in, or people are going
to start getting a bit busy about the market. Your
windows gone.

Speaker 19 (18:01):
Yeah, well, that's that's right.

Speaker 17 (18:02):
And that's what we've seen in past cycles that there
are reasons to think that cycle might be a bit
more muted.

Speaker 15 (18:07):
This time.

Speaker 17 (18:08):
We've got get two income ratio restrictions. Obviously, the government's
pushing incredibly hard on housing supply. But the thing that
it's hard to account for, and whenever it shifts you
never quite know. But it's the psychology and the mindset.
And I'm always conscious of that, and if people think
house prices will go up when they probably tend to,
so conscious of that. But just right now, there are
some challenges in the form of unemployment. So let's keep

(18:30):
me a lot on things for now.

Speaker 18 (18:31):
Yeah.

Speaker 2 (18:31):
In fact, funny you should say that, because we've got
it at Chris me and on Lad who owns a
Boon and Winton. He said yesterday and his report that
until the job market turns, he doesn't think housing will turn.
Is that fair?

Speaker 17 (18:43):
Yeah, I agree with that. I mean it's not just
people who have lost their jobs, which of course a
lot lots of people have, but also it's the wider
spillover thing because even in a recession, most people do
actually keep their jobs. But it's that wider spillover on
psychology and confidence. If you're not feeling quite a secure
in your job and you're probably not going to rush
out and by a big ticket item. But as soon

(19:03):
as that confidence starts turnaround, maybe we see the unemployment
right stones down. Then I think that is a takes
away a little bit of a handbreak.

Speaker 2 (19:11):
Grandton in sight has always appreciated Kelvin Kelvin Davidson, who's
the chief property economist at Totality. The aforementioned Chris Million,
so Winton and Airburn. Airburn is the central o Tigo.
It's a hospital sort of facility. It is going gangbusters.
It is going to be the most popular attraction in
that region, and that region's already attractive. But flip side

(19:32):
of the reporter, you read it interesting insight into property.
So he's with us after seven o'clock nineteen two Paskala,
which you've got to read Tony Alexander in one roof
this morning, he's picking. He runs you through, as always
what he thinks happening in the economy, lending rights, et cetera,
et cetera, and why you should be. His conclusion is
you got to fix not just on one time period,

(19:56):
but choose two. And he explains why. And he explains
why as always extremely well. But odds of a you
tune on. Mortgage rates are growing, is what you're looking for.
In The Herald eighteen two.

Speaker 1 (20:07):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks B.

Speaker 2 (20:14):
Good News rolls on. We've teamed up with Chemist Warehouse
again for Father's Day. We do this each year. It's
a lot of fun, a real house of fragrances of course. Anyway,
so we're giving away a thousand next week. We're giving
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tell us what makes your dad a leigien? So do
that now? Don't do it now? Actually too busy getting

(20:36):
on with the day.

Speaker 19 (20:36):
But do it.

Speaker 2 (20:37):
Do it at a point of the time day when
you know you're thinking what should I do? I know
I'll enterr a contest sixteen.

Speaker 1 (20:42):
Towo international correspondence with ENS and Eye Insurance Peace of
mind for New Zealand Business.

Speaker 2 (20:49):
Go McKenna, How are you?

Speaker 16 (20:51):
I'm great, Mike, how are you?

Speaker 2 (20:52):
I'm very well. Indeed, now is this talk I was
talking yesterday a couple of days ago, were Catherine on
the French and they're wanting more people to join the
military and the Germans over to join the military. Is
there talk in Italy of joining the military and Russia's
coming and all that sort of stuff or not.

Speaker 20 (21:06):
Look, I think it's very ambiguous at the moment. But
I think the Prime Minister, Georgia Maloney has been pretty
clear that we don't want Italian soldiers on the ground.
And as you might have seen, Matteiosloveny, the Deputy Prime Minister,
has actually stepped up some attacks personal attacks on the
French President Macron really trying to isolate him and suggest

(21:29):
for suggesting that European soldiers should be deployed in Ukraine.

Speaker 2 (21:33):
Okay, so they call the Italian ambassador and what for
a bit of a finger wagging or are they going
to expel him?

Speaker 4 (21:38):
Is it war?

Speaker 2 (21:39):
What's happening?

Speaker 20 (21:40):
Yeah, well, after Salvin he made these controversial comments saying
to you know, you Macron, put your helmet on, your jacket,
your rifle and you go to Ukraine. The French did
call in the Italian ambassador and gave them gave it
a bit of a carpeting. But it's not a good
look for the Deputy Prime Minister I think.

Speaker 16 (22:00):
To be be so harsh.

Speaker 20 (22:01):
And you have to wonder is he trying to line
himself up with Marine Lapenn the Macron rival, or is
he trying to position himself for the regional elections that
are coming up in Italy later this year.

Speaker 2 (22:13):
How does that situation work with Maloney?

Speaker 16 (22:17):
I mean, well, it's interesting.

Speaker 20 (22:19):
I mean she hasn't really made any comment about it.
She has called together that her senior ministers, including mister
Seloveny tomorrow for a meeting on Ukraine. So it is
top of mind, she's canceled an overseas trip. It is
a major issue for Italy at the moment.

Speaker 2 (22:34):
Do they get the reason I asked? We're fascinating in
this country. We've got sort of our first genuine MMP
coalition going at the moment, three parties, and every time
somebody says something slightly untoward, everyone goes, Oh, they're not
getting on together, are they? So how does that do they,
for all intentsive purposes, get on as a government?

Speaker 1 (22:53):
Yeah?

Speaker 20 (22:53):
I mean, I think it's surprising. We're coming up to,
what is it, the third anniversary of this Maloney government,
and it has managed to hold together quite well, even
though we see Matteo Sloveni making his own statements and
outrageous things, like tonight he was calling for chemical castration,
for an expulsion for an alleged rapist to migrant. So

(23:17):
he does very much march to his own tune. But
I think Maloney's done a good job at just standing
above him.

Speaker 2 (23:24):
Sorry to ask all these random questions off the top
of my head, but I was just thinking of Farage
the other day in Brittany. He's expelling all these migrants,
but they've been there before. Now Where was the country
Italy were expelling them to. Was it Albania.

Speaker 20 (23:37):
Well, they were trying to intercept them before they got
to Italy because of the controversy of picking them up
in international waters. That was stymied by various judges. So
it hasn't really gone anywhere. And I don't think those
two migrant centers in Albania are functioning at all at
the moment.

Speaker 2 (23:54):
Oh okay. But as an issue, has it come and
gone or is it still live?

Speaker 16 (24:00):
I think it still exists there.

Speaker 20 (24:02):
I think the Maloney government's done a great job in
reducing the numbers of migrants.

Speaker 16 (24:08):
They've thrown money as we know it to Nisia and
Libya and.

Speaker 20 (24:12):
Other parts of North Africa to try and invest and
keep those migrants from crossing the Mediterranean. But I think
it's still an issue underneath the surface for many Italians.

Speaker 2 (24:23):
Okay. Ursula's op ed piece and when she defends this
US EU trade deal, do we actually know specifically what's
in the US EU trade deal.

Speaker 20 (24:33):
Look, I've certainly seen some very genuine, some very general
fifteen percent tariff.

Speaker 16 (24:42):
Being imposed on the majority of EU products.

Speaker 20 (24:45):
And they talked about agriculture and cheese and wine products
and so on.

Speaker 16 (24:50):
But Trump is on the attack.

Speaker 20 (24:52):
He doesn't want he wants to step up the argument
on tech regulations, and it doesn't sound like the tariff
argument is over yet, so we might see some more
Argie Barji going on there.

Speaker 2 (25:05):
Now. The villa my favorite villa in the whole world,
because if you watch the documentary Sylvia, as far as
I can work out, it was filmed there. But Setosa
is about to be sold to the Arabs Is they're
claiming five hundred million euros is the most expensive residential
property ever sold. I mean that's I mean, if he
knew nothing else, he knew good real estate, didn't he That's.

Speaker 16 (25:26):
A huge statement.

Speaker 20 (25:27):
I mean it offers a James bond ck access to
the ocean, artificial volcano and what a history of bongo
bonga sex party is.

Speaker 16 (25:35):
It's hard to top that one.

Speaker 2 (25:36):
When you say artificial volcano, you skipped over that as
though that's not quite a feature because there's not many
houses with artificial volcanoes. I mean, correct me if I'm wrong, Joe.

Speaker 16 (25:48):
I don't think there's a Pusian bed.

Speaker 20 (25:50):
There's a putin bed that was gifted to Selvere Bilisconi
at the palazzo where he used to live in Rome.

Speaker 2 (25:56):
Wow, good on you, Joe, not sketch up. Joe McKenna,
who's neally by the way. Southby's have got it if
you want to go to their website before it's sold.
He put the sea cave, and this is a place
called Portobtando, which is in the northeast coast of Sardini.
It's beautiful. It's just absolutely beautiful. Watch the documentary Silvio,
if for no other reason to look at his villa.
It's incredible. He received thirty eight death threats, not surprisingly

(26:21):
because some suggest he might have been a bit crooked.
But anyway, so he put the sea cave in. But
the good thing about the sea cave, not only can
you park your boats, it's got a couple of pools
in there, so you can go for a swim. So
you land in your boat, you go for a swim,
then you wander up for a bunga bunger with Silvio.
Sounds like a good time, don't it. Nine Away from
seven The Mike.

Speaker 1 (26:40):
Hosking Breakfast with a Vita, Retirement Communities News, togs Head
v Are.

Speaker 2 (26:44):
You following the cracker barrel story? It's the most mental
story in the history of mental stories. Cracker Barrel is
a sort of a country restaurant chain in America. They
changed their branding, they changed their label. The old label
used to have an old bloke, an old timer. People
believe the company's ambassador, who's an uncle Herschel, was that

(27:05):
figure and he was leaning against the barrel of the logo.
So the new logo doesn't have the barrel, doesn't have
the old timer, just as Cracker Barrel. For some reason,
this is part of a seven hundred million dollar transformation plan.
For some reason, when people saw the new Cracker Barrel sign,
the right wing went nuts, literally nuts. Trump weighed in

(27:26):
and as a result of Trump weighing in and all
the right wingers going nuts, their shares tanked twelve percent
just because they changed their sign. And after all of that,
they've now reversed it seven hundred minals.

Speaker 11 (27:38):
You can't go wake like that, Well, what's.

Speaker 2 (27:40):
Woke about a sign that doesn't believen?

Speaker 11 (27:42):
Look, well, it had a person on it, and now
does that doesn't have.

Speaker 2 (27:44):
A person five minutes away from seven.

Speaker 1 (27:49):
For the ins and the outs, it's the fizz with
business fiber. Take your business productivity to the next left.

Speaker 2 (27:56):
I'd a look at the old job ad board. What's there?
Is there an opening for us? We got data seek
data for July steady as the word volumes have not
changed since October of last year, ten months of stability.
Is it stability or is it just westalled anyway, July
mark the slowest annual decline since pre COVID Applications PERAD
not changing in June. They're still high. Haven't got any higher.

(28:17):
So that's sort of bad, but it's not worse. I
suppose numbers we gave you yesterday from the Green Party.
Why are we still reiterating the Green Party's numbers yesterday?
They're embarrassing. The Green Party is a joke. The whole
thing was a waste of time. Some regions are seeing
an increase in add numbers. You guess what they are? Yes, Canterbury, Yes, yes, Canterbury, Yes,
you got more jobs. Yes, you're really good. Hawk's Bay, Southland,
Tasman West Coast also a one percent increase in job adds,

(28:40):
seventh straight month of increases in Southland. So you're up
nine percent for the year. Go Southland. Canterbury job add
numbers up seven percent for the year. Sector wise, what
have we got construction professional services? They're continuing to go up,
so construction seems to be back. July it was another
one percent. So demand for construction is up thirteen percent
since September. So, labor party, if you're listening, and I

(29:03):
know you are, stop asking stupid questions in the house
about the construction sector because the construction sector is back.
Be current. Stop asking the same questions every time. Gets boring.
Significant increases in numbers over the year to be found
in management management. Who doesn't want to be in management?
Day ay, forty three percent more management jobs. I'm in management.
Software engineers are up twenty seven percent. Product managers and

(29:26):
developers are up twenty seven percent. Do you think a
product manager and a developer was involved in the cracker
barrel thing?

Speaker 11 (29:32):
Hey, there would have been a brand manager.

Speaker 2 (29:36):
I think you'll post it as a brand manager not
a product manager. Oh, you don't want to get your
managers because everyone's in management. It's up forty three percent.
Who can argue with that?

Speaker 14 (29:44):
Right?

Speaker 2 (29:44):
Supermarkets what a bust? Yesterday Nikola willis, come on, you
got to do better, And I'm going to tell her
this after seven thirty this morning. But Chris Quinn from
the supermarkets, he's with us. First, we'll talk about airburn
and property in general that I told you about a
couple of moments ago, and George Line after eight.

Speaker 1 (30:03):
News opinion and everything in between the mic hosting breakfast
with Raindrover leading by example news Tomstad.

Speaker 2 (30:11):
Been seven past seven the Nicola will a supermarket van
wagon back in town yesterday with news in an express lane.
She said all this before, of course, and yet there
still isn't actually an express lane. But by the end
of the year the laws will be passed to create one.
And once again she couldn't end her dissertation without yet
another finger wag threatening a regulatory breakup. Chris Quinn Food
starts North Island CEOs back with us. Good morning, Good morning, Mike.

(30:31):
Do you welcome the red tape stuff? She seems to
have yet again reiterated that there's too much red tape.
We need to get on with business. Is that fair?

Speaker 19 (30:39):
Look?

Speaker 21 (30:39):
That is fair?

Speaker 19 (30:40):
And you know that was the feedback from the industries
as we looked at this. We said, if you really
want to work on the cost of doing business and
that results in prices, then these sort of changes, faster,
consenting the zoning reforms, getting the red tape out of
wigh so that any operator in the industry can enter
the industry or operate cheaper.

Speaker 11 (30:59):
That is a good thing.

Speaker 18 (31:00):
Ah.

Speaker 2 (31:01):
So do you think she meant you operating more and
faster or do you think she's thinking of other people?
And if you guys start moving faster in her and
new express lane, she might not be overly happy with it.

Speaker 19 (31:12):
Look, I think this is about making sure the market
itself and the cost of doing business in the New
Zealand market, in any industry actually, but in this one
in particular, that will encourage competition, that will make it
cheaper for any operator to deliver great food price value
to New Zealand. And so overall, in terms of the
government supporting this industry to perform better and to live

(31:34):
a better value, they are good moves.

Speaker 2 (31:35):
The elder little non appearance. What does that tell us
about the market and how the world sees our market?

Speaker 19 (31:42):
Look, I think it tells us that we're a small country.
We're physically the same size as Japan, but only with
five and a half million people. I think it tells
us that in Auckland, for example, thirty percent of the
retail grocery market is already in the hands of many
innovative and different third players, and across the country it's
about eighteen percent on average. So you know, the state

(32:03):
of competition today might be a little bit different than
maybe people recognize.

Speaker 2 (32:07):
Are you between a rock and a hard place? Because see,
I don't want to appear to be necessarily on your side,
But the more I've looked at this, the more I've
come to the conclusion there is no scandal at the
end of the day. I mean, you talked about Costco yesterday.
Costco's not her answer. The market is open to people
who want to open up stores. They just don't all
the in Little didn't even want to participate. I mean,
how much harder does somebody like her want to look

(32:29):
to find nothing?

Speaker 19 (32:32):
Look what we would welcome as regulatory certainty because that
enables us to be efficient, to set up our model
and to get going, and to be as cheap as
we can, which means we can get the best value
on shelf. The size of this market is definitely a
challenge for the number of players that may be able
to invest the quite large capital that goes into these
businesses and the reality is, particularly of these moves now,

(32:55):
there is very little in anyone's way. If they choose
to come and invest and compete, they can do.

Speaker 2 (33:00):
You think she will blow the market up once she
gets this mystery report at some point in the future.

Speaker 19 (33:07):
We've been clear we don't see a positive business case
for devestment. We do think that getting the job done
in terms of the analysis will be helpful because there
are facts that need to be carefully thought about, and
the fact that the market today has a corporate organization
and a cooperative organization and they're very different in how
they work. And you know, on behalf of the families

(33:28):
that own our stores individually, you know, they are still
scratching their heads, going, well, what actually is the government
looking at doing to our businesses? And the sooner we
can get to certainty on that so they can invest,
trading their communities and deliver great value, the better.

Speaker 2 (33:41):
All right, appreciate it, Chris Quinn, who's from food stuffs.
Of course, it also goes back to the butter discussion.
This is supposed to be a pro business government, right,
and they seem to be doing a lot of interfering
in business, which traditionally conservative governments don't do. But more
with Nicola Willis after the half out ten past seven, Pascal,
can you report out from the Education Review Office? Right,
They've been looking into professional development for our teachers. Perhaps

(34:03):
not surprisingly it's one of the biggest drivers of student success,
but half of teachers find current settings unclear and ineffective.
Ruth Denoda is the EROS Dipity Chief executive and is
with us, Ruth morning, good morning. Unclear and ineffective? What
does that mean? What are they telling you?

Speaker 22 (34:20):
So what we found is there are three things that
really make professional development work, which is evidence based teaching techniques,
practical tools, building on an existing knowledge, and when that works,
it can be really effective. And we saw some really
effective stuff, but unfortunately not everything's effective. So, as you said,
half of teachers said that the most recent professional development

(34:40):
they did, they weren't sure how to use it in
the classroom. And that's what we're recommending we change.

Speaker 2 (34:44):
Would you yeah, Well, so you agree with them? Are
they right and there or are they just misinterpreting what's
trying to be done?

Speaker 22 (34:50):
Now, what we found is that if it's the doing
the things that we know work, those really stepped out
teaching techniques, they're four times more likely to use this
and change their per and become ever stronger teachers. So
that's really important. But at the moment, there's no quality
standard out there, so you can have really high quality development,
but you can also have development that doesn't work. And

(35:11):
a third of teachers said what they did most recently
did have little impact on their practice.

Speaker 2 (35:15):
Right do they have to do this development or can
they opt in or out?

Speaker 22 (35:20):
All teachers do development like any other profession, and teachers
investor a lot of time in this, and schools invest
a lot of money. So the most important things to
make sure it's delivering for them, and this report shows
what really does work, So we just need to do.

Speaker 19 (35:32):
More of that.

Speaker 2 (35:33):
Stanford's a Minister of action, is she on top of this?
Do you expect movement.

Speaker 14 (35:37):
Out of this?

Speaker 22 (35:38):
So one of the encouraging things is that recent English
and development that's been going out this year in primary
schools is doing the things the evidence shows work and
it's having a great impact. So three quarters of teachers
say to that English development that they're using what they
learn every day in their classrooms. It's really encouraging.

Speaker 2 (35:54):
Good stuff, nice to talk to your Ruth. Ruths Shinoda,
Deputy Chief Executive of the ER thirteen minutes past seven. Mike,
you're oversimplifying. They change the dacre or the restaurant, making
it plain and stale as well as a sign. So
what is cracker barrel?

Speaker 8 (36:08):
Mike?

Speaker 2 (36:08):
You purposely missed the cracker barrel point. The woke actions
reflect the wider decline in society, the extermination of the
male Western representation, a drift toward Walianism that people rightly reject.
Not right wing, just lazy journalism. Pete, get over yourself.

Speaker 11 (36:22):
Really, the only option for them now is to put
a person back, but make that person Sidney Sweeney.

Speaker 2 (36:29):
She's got good genes. It's apparently it's the Dei policy.
They're known apparently for Dei hiring. And so the tin
hats have been waiting for something to happen, so they
leapt on the color of the napkins and the shape
of the sign. Mike Willis has to be the most
disappointing part of Luckson's government, followed closely by Sime and Brown.
They might be good at playing the political game, but
when it comes to delivery, they've been awful. I disagree

(36:51):
a bit on Sime, and I mean, dealing with the
health system is a nightmare beyond nightmares. But Nikola does
seem to have a predilection or a fascination with things
that are conspiratorial until they're proven not to be. And
I cite the Banking Committee, the banking The Finance Committee
looked for over a year, over a year to find
the smoking gun, and Banking they couldn't find it. And
I think we're coming to the conclusion and Supermarket there

(37:13):
isn't a smoking gun either, But anyway, she'll have a chance.
Shortly fourteen past the.

Speaker 1 (37:18):
Mike Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks.

Speaker 2 (37:23):
At b Team past seven got some very good news
on New Zealand Fashion Week before eight four you, meantime,
are also good news property and tourism. Airburn Central Otago
forecast to become the most popular attraction in the region.
Over a million are expected to walk through their doors
now Chris Means the Winton CEO and Airburn owner and
as well as Chris morning well, I'm well, thank you.

(37:44):
The line between soaking up an already successful region, in
other words, you open your doors that people were already there,
versus providing something that attracts your share plus some what's
the magic.

Speaker 18 (37:54):
Well, I think you're floating boat rises, floating tide rises
or boats, and I think we were checking visitors to Queenston.
So I think the whole region is benefiting from what
we're doing, and you know, only have that continues into
the future.

Speaker 2 (38:05):
The car show that was successful, everything seems that you
built it, they came seems to be the same.

Speaker 18 (38:10):
And I mean, if you go back a few years,
it was a sheep paddic in the middle of our
town with a bunch of rubble on the floor which
used to be the old historic buildings. And you know,
we had a vision of putting the most magnificent botanic
garden in New Zealand in the grounds and we've done that,
and we've built ten restaurants and bars and we've done
that and they're trading very well and people love it.
You walk around there and all you see is people

(38:31):
would a spoil on their face.

Speaker 2 (38:32):
Yeah, was it a risk, I'll hell you, no doubt.

Speaker 18 (38:35):
But if you put it in context, there's about thirty
million visitors a year at Queenstown and we aim to
be the thing that everyone does every time they come
to Queenstown, and so you know, you and a billion
we're tracking to Northwold, million visitors. It's about right.

Speaker 2 (38:49):
Fantastic. Rest of your report was interesting. How would you
describe the New Zealand economy in your area? Is it tough.

Speaker 14 (38:57):
All?

Speaker 18 (38:57):
Auckland's diabolical and Twinstown's pretty good. It's a very game
of two halves.

Speaker 9 (39:02):
You know.

Speaker 18 (39:02):
Queenstown down south is a very tight on supply, it's
very high on demand, so the market's buoying and it's good,
and Auckland's almost the opposite. If you go to around
Auckland today and you walk onto any building site, that
builder doesn't have work in month's time from now, you
know the situation here is only getting worse.

Speaker 2 (39:18):
Do you see green shoots?

Speaker 18 (39:21):
Honestly, I don't, and I think you know, I said yesterday,
until unemployment peaks, you won't see a turnaround. And I
honestly feel in Auckland that we're a long way from
the peak of unemployment, which is a sad thing to say,
and I'm not an economist, but it's certainly just how
it feels to me on the ground.

Speaker 2 (39:35):
Is there something that somebody can do. You know that
there are bridges are calling for help from the governors.
Is there a leaver that can be pulled or is
this just the result of you know, year's worth of
neglect and problems and issues and regulation, red tapeing, et cetera.

Speaker 23 (39:47):
Yeah.

Speaker 18 (39:47):
I think it's two things.

Speaker 2 (39:48):
Mark.

Speaker 18 (39:48):
I think they've got to attack this interest row problem.
It's just got to come down faster. And I know
you've been saying that, but it's just it's just the
fact of the matter when you speak to people on
the ground. But I think also the red tape is
and you've heard me complain about it before, but it's
just become disastrous and you just can't get anything done.
When you're in a market where half to the economy
relies on construction and building and you can't get building done,

(40:09):
you know you're going to have a problem.

Speaker 2 (40:10):
Yeah, exactly, all right, Ma, I appreciate it very much,
Chris May And who's the Winton CEO and Earburn owner?
Does that not sum up in a way the problem
of the New Zealand economy. You go to a place
like Central Otago, you're laughing, and you can do business
and you can do it well and profitably and successfully.
You go to the engine room of the economy forty
percent of GDP in Auckland and the place is completely
and utterly stuffed. And having said that, I have numbers

(40:31):
to back that up. Hopefully shortly nineteen past seven.

Speaker 1 (40:35):
The Mike Asking Breakfast full show podcast on iHeartRadio call
it by News TALKSB.

Speaker 2 (40:43):
You get a lot of this. Visit at Eburn, Mike
for the first time over the weekend, absolute highlight of
a labor weekend, to a vibrant atmosphere with people everywhere loved.
It will good on you. Now, I'll come to the
Auckland CBD numbers in just a moment. Seven twenty three.
I can tell you this for nothing is with real enthusiasm.
I see that the Public Service Commissioner brand wrote potentially
doing what the main government should have done two years ago.

(41:04):
What the government did two years ago was say they
were going to rectify the absurd size of the public service.
Remember that it had blown out to gargantuan proportions under
the Labour government who knew no bounds in terms of
fiscal largest based on debt. What sadly, actually the new
government did with the public service was tinker. It peaked
at a bit over sixty five thousand, It now sits
this morning at a bit over sixty three thousand, and

(41:27):
has in fact, in the ensuing period gone up again.
So rough math, they will tell you they got rid
of about two thousand people. Now, as a raw number,
that's a lot of jobs. As a percentage though, it's tiny,
and as an effective exercise and efficiency and savings, it's
a joke. The shame of it was the new government
of the day had license. Of course. Yes it was controversial,
Yes the union's bleated and moaned, and yes the media

(41:47):
went to town on a Tory slash and boom exercise,
all that predictable nonsense. But the trick was always simple.
If you're going to dish out the bad news, go hard,
doze it, blow it up, do it once, do it properly,
now all out the headlines. The anger will be exactly
the same whether you're trim a couple of thousand for
no effect or six and a half thousand, say and
make a difference. So they blew it. They took the

(42:09):
heat but got few of any results. In an odd way.
If you think about it, it's symbolic of the weaker
parts of this government at the moment. Lots of ideas,
lots of rhetoric and execution. They never quite a line.
But now the Commissioner, Brian Roach, looks to be having
another crack by merging departments. Ministries of Women, Pacific, People's disabled,
people's married Development could all be in for an up ending.
I'd go further personally, the never ending series of commissioners

(42:31):
and their officers that have got no actual power and
really only right reports. They'd not be missed. But the ministries,
for ministry's sake, is what holds this country back. They
will all fill a space to meet their budget. Of
course they will so called mandate. If this is on,
and I pray it is, wait for the bleating. Every
one of them will tell you the critical nature of
their existence. But I defy any one of you to

(42:53):
list me the profound and productive change that they have
made to any one of our lives, and given you
can't when they fall into the category of larges, waste
and tokenism, do it once, do it right. That's how
change should happen. Basking right CBD numbers. This morning in Auckland,
Chris calls it diabolical. I think he's onto it. Auckland

(43:16):
reached a national record currently sitting at thirteen percent vacancy rate.
What's a good vacancy rate? One two? If you got
two three percent something like that, you're thinking, yeah, thing's
reasonably tight. A little bit about but you know we're
doing okay. This comes to us from Bailey's this morning,
their retail market update last October. They found that vacancy's
in downtown Auckland sixteen point five percent. I mean, it's

(43:40):
like it's a ghost town. Whereas you compare it to say,
the north Shore of Auckland five percent, that's bad enough.
Out West two point eight, Metropolitan four point three, South
Auckland one point three. Wellington basket case CBD, thanks Tory
fire point three. Even Wellington, the poster child of incompetence
at fire point three three doesn't match Welling Auckland at

(44:02):
thirteen Tower wrong A three point nine, Hamilton two point six.
Christ You's three point three to need in one point nine.
So that is what a lockdown and road cones and
bus lanes and bike lanes and no parking and gridlock
and an aptitude does for you. Sadly, Mike, I think
you've lost your objectivity when it comes to supermarkets. See

(44:24):
be you wrong. Objectivity is one of the things I
defend myself on and I think I'm proven to be
right here is I couldn't kill less. If there's a
scandal in supermarkets, fix it. I don't care. I'm not
saying there is a re isn't. All I've found out
is after the ensuing couple of years of the Nikola
Willis campaign, there is no scandal here, and if there is,
go ahead, do it. Do whatever you need to do

(44:45):
to fix it. So when I go into the supermarket,
I can go tell you what things are cheaper because
they've changed the rules.

Speaker 7 (44:52):
Fanta.

Speaker 18 (44:52):
Just do it.

Speaker 2 (44:53):
But they haven't done anything. You know why they haven't
done anything because there's nothing to do. There's a couple
of things very early on. You might remember some of
the supermarkets were holding land too long. That was anti competitive.
They fixed that. We all agree there's too much red
tape in this country. We need to make it easier
to do business. Good do it? Has she done it?

Speaker 18 (45:09):
No?

Speaker 2 (45:10):
Just keeps talking about it.

Speaker 13 (45:11):
Fix it, do it.

Speaker 2 (45:12):
But so I'm completely open to anything. I don't care
if you've got a problem. If you can articulate the problem,
then fix the problem. That's what we elected you to do.
But if you just keep jaw boning it, guess what happens.
We lose faith in your ability to do your job.
Georgia Lyons, you know her, you love the music. She's
in the studio after eight for a song and a chat.

Speaker 1 (45:34):
New Zealand's home for trusted news and views, the Mic
Hosking Breakfast with Bailey's real Estate altogether better across residential,
commercial and rural news.

Speaker 11 (45:44):
Togs Head been three.

Speaker 2 (45:45):
Minutes away from back to the supermarkets and the Willis
crusade to make Controlley cheaper. Yesterday we got the fast
laye News also a single Consent Authority designated to handle
development's nation Why Nikola Willis's the Minister for Economic Growth
and is back with it's good morning, Good morning.

Speaker 18 (45:59):
Mind.

Speaker 2 (46:00):
Now, now I'm disappointed at the moment because what we
got yesterday, correct me if I'm wrong had already been
talked about and announced, hadn't it?

Speaker 24 (46:07):
No, it hadn't been. Because what we announced yesterday is
a change to the Fast Track Act, which bear in mind,
was only pass in December. Sure, that there is an
express lane specifically for new supermarket competitives when out for
the first time, there will be a nationwide Building Content
Authority that can speed up all building consents for new

(46:29):
supermarket competitives. That we will have a multi proof scheme
where they can get multiple building consents issued at once.
That we will streamline the pathway to new competitors through
the Overseas Investment Act. That we will amend the Commerce
Act to stop competitors using predatory pricing to stamp out
new entrants, and that we will be looking at innovative

(46:49):
solutions to make sure we can import products from overseas
that have labels that don't currently meet our regulations. Those
are the specific issues raised by the people actively look
at New Zealand as a potential place to invest in
a new supermarket. So we're responding to the people in
the know yep, based on facts, having done the work.

Speaker 2 (47:08):
Fantastic. But you've said all that before, because I've done
interviews on each and every one of those subjects and
it's all been pre announced.

Speaker 24 (47:15):
I have never announced before that we will be introducing
a law and passing it by Christmas to create an
express lane for supermarkets. And yes, you're right, lots of
people have talked about that, Mike. We're doing it. We
are changing the law in a specific way that responds
directly to the concerns from future competitors. Because I've heard
you on the show this morning and i just want
to remind you what's at stake, because when a competing

(47:38):
cost co sets up, it's not just about the fact
that it has potentially cheaper prices at local shoppers around
the corner from the costco and we stalkland right now
there's a Pack and Save selling months. The mints they
sell is a dollar cheaper per kilogram the mints at
the Pack and Save and botany Why well, I would
say to you, when you get a new competitor, you

(47:58):
get more price pressure. That's what we want to deliver.
The another costco, another new season market. That's good news
to everyone. So yes, options were.

Speaker 2 (48:09):
You're getting tripped up. There are no more cost codes
and your own admission yesterday. There might be one more,
There might in the Christmas time be two more in
a number of years. What you wanted was another national player.
You haven't got one. I mean we all agree, look
red tape, yes, clean it up, get consent, going fantastic, brilliant,
But elder don't want to bar of it. Little don't
want to bar of it? Ask yourself why.

Speaker 24 (48:31):
Well, first of all, we don't want to agree. Remember
we've got an opposition that opposed all of the fast.

Speaker 2 (48:36):
Yeah, but you forget them there, you're in charge, you're
in the gum, get on with the red tape and
all that sort of stuff.

Speaker 7 (48:41):
We're all on board with.

Speaker 14 (48:42):
That, mate.

Speaker 24 (48:43):
Certain Let me take you back to Costco because actually
we've engaged very thoroughly with them, because we didn't want
to put forward changes that don't actually work. For someone
who's actively looking at new investments on narveseed, this will
definitely assist them. They think this is a set of
provisions that actually will make you Zengland to stand out internationally,
and they have said that they are actively looking at

(49:05):
opening new stores. Now I don't make their investment decisions,
but what I can do is make sure they've got
the best conditions possible. I also now have a welcome
mat that is very clear in law and regulation that
when we engage with Audi little other international places Walmart
for example, we can say, look, take another look at
new Zealand. It's way easier to open new stores here

(49:26):
than it is in Australia or elsewhere, instead of expanding
into another space in Australia. Think about New Zealand. You've
got a government who is absolutely raring to go, who
is on your side. Now, I owe it to everyone
to make sure we've taken all those steps before I
take any more dramatic modes. So thorough approach.

Speaker 2 (49:43):
Okay, let me come to the regulation in just a
couple of months.

Speaker 24 (49:46):
It's stated by this Mike, we're on the side of
a shopper.

Speaker 14 (49:49):
We know.

Speaker 2 (49:51):
We're all on the side of the shopper, but I
just want more action.

Speaker 7 (49:55):
Yes I am, but what did you do?

Speaker 2 (49:58):
These things will not This is where your messages are.

Speaker 24 (50:02):
Giving mixed crusaders wrong.

Speaker 2 (50:04):
Why would slash, slash and burn the paper? No problem
with that. I would make it fast to do it.
What you're You've got to admit Costco are not rolling
out a series of nationwide supermarkets.

Speaker 24 (50:15):
Well, what they've indicated to us is that they are
looking at the possibility of several news stores. I take
them at their word, and I've engaged directly with them
to say, well, why is that and the reason, Mike
is not just that they think there are shoppers who
will flop to their stores, because they've already got more
than one hundred thousand members in Auckland. It's also because
they think New Zealand products are awesome. They're already selling

(50:38):
more than a billion dollars worth of New Zealand food
and their international cost codes, and they want to have
an ongoing relationship with New Zealand in which they can
take more of our food products to their international stores.
So they see us as a long term proposition. That's fantastic.
It is why not get onside and get rid of
the red tape that might slow them down at a
store it would take years to do it. We're going

(51:00):
to make sure it takes a month.

Speaker 2 (51:01):
The problem though with the red tape is that if
Eldie and Little don't want to take part of it,
I mean they can see through that, they can see
what you're trying to do. They're not idiots, so if
they're going to go, look, if you do this, we'll
come on board. They didn't even do that because that
the market's too small. We're five and a half million people.
That's our problem, not the conspiracy you're running.

Speaker 24 (51:19):
Well, I disagree with that because what you are seeing
from Alde is they started small in Australia and they
went on a state by state approach and actually, when
you look at New Zealand, we're not dissimilar in size
to an Australian state. And what you do here from
anyone internationally thinking about investing as they say, well, we
need to understand that we've got regulatory certainty, that we

(51:41):
know how the place works, that we can get things
done quickly with certainty. We are developing all of those
conditions so that they can take another look at us.
We're also got domestic players interested, Mike, and they just
kind of missed yesterday that they're domestic players saying okay,
what would it take, and things like introducing changes to
the Commerce Act to have proper predatory price in law

(52:03):
really important to people who are considering setting up shops
in New Zealand because what they don't want to do
is invest hundreds of millions of dollars in capital only
be to be stamped out by the big guys using
their market power and appropriately, so we're taking all the
steps to make this easier and it's a Crusade was
taking on Bok to New Zealand right now. This is

(52:25):
the biggest use of the end.

Speaker 2 (52:28):
Sensible to help okay, fair enough proofers in the pudding.
The people I've forgotten their name, sorry, the people doing
your report on the regulation of the market, the same
people who did it for Labor. What are they called?

Speaker 24 (52:38):
Well, no, they are one of the advisors that we
have employed, and I'm actually taking a range of advice.

Speaker 2 (52:43):
But who are they.

Speaker 24 (52:45):
Well, I'm not going to tell you with the names
of all of our advisors.

Speaker 2 (52:48):
The one I told us yesterday, the one that's what
they're not called. It starts with the sea.

Speaker 24 (52:52):
Can you Earlier in the year, I confirmed that we
had engaged Coriolis for some initial with Arriolas. I'm actually
making sure that we're accessing a wider pool of advisors
because what I want to make sure is that that
analysis is thorough. Because I'm with you, there are risks
and costs to a significant move such as that, so
you have to have looked through it carefully. And the

(53:14):
reason I'm not saying here's the date on which I'm
launching the reporters. When I get that advice, if there
are gaps in it, or there's analysis that I don't
think is thorough enough. You bet your bottom dollar I'm
going to go back to the advisors and say I
need more on this, I need more analysis on that.
So I'm not setting a false deadline. What's important to
me is we get that piece of work right, that
we've thoroughly looked at it, because many of the respondents

(53:35):
to the requests information we put out set actually, you've
got a real market power issue. We think you're going
to have to do something structural. There's lots of options
for how we do that. We think you're going to
have to do something about the dominance of the existing
big players if you're really going to get a competition
going in with the Coriolis.

Speaker 2 (53:52):
Did this for labor, Sure they did, and.

Speaker 24 (53:58):
Well because we're now in a very different time where
water has flowed down to the bridge, we have a
lot more data available to us from the grocery Commissioner.
We've also got a government who is changing the conditions
in which competition can occur. So those are all factors
that many analysis today looks very different from the analyomy.

Speaker 2 (54:14):
What do we pay labor?

Speaker 24 (54:16):
Well, I will be able to reveal that or consparently
when we when we've paid it. Well, I can't.

Speaker 2 (54:22):
I can't tell you that running one hundred one thousand
so far, Yes.

Speaker 24 (54:26):
But it will be a lot cheaper Mike than you
seeing it wrong.

Speaker 2 (54:29):
Well, it's just doing it. I just want to get
this industry where you both get doing things twice.

Speaker 24 (54:35):
Well, like you see. Alternative is that I just take
advice from the officials in Wellington who aren't competition experts,
haven't analyzed regulatory frameworks throughout the world, don't have the
economists and economic metric modeling, and I'm not going to
take that approach. I want to get the very best
advice available to us, because this is important to.

Speaker 2 (54:52):
Keyw When will I be able to walk down Aisle
six and think this is noticeably cheaper because Nikola Willis
was here.

Speaker 24 (55:01):
Well, I think if you were in West Taalkland.

Speaker 2 (55:03):
Today and you will to no matter, just assuming all
the cost goes aren't being rolled out. When is this
reform going to materially change my supermarket shop?

Speaker 24 (55:14):
When you've got nationwide a competitor and all of the
major urban centers, that is making the big guys change
their behavior. Now, this is a problem that built up
over twenty to thirty years, and I have never promised
there'll be an overnight solution. But the alternative point of
view is to say, well, because it will take a while,
just don't bother. And I think that is a reprehensible
way to approach government, to say, unless you can solve

(55:36):
a problem in three months with a simple solution, don't
even try it. Well, I'm actually here for the long
term of the country. This is a long term issue
in which our supermarket sector does not work as well
as it does in other countries and as well as
it should. And I am prepared to take the time
to put in long term solutions that may not bear
fruit that gives me instant votes tomorrow. This is actually

(55:58):
more important than that.

Speaker 2 (56:00):
Appreciate your time as always. Nicola Willis, Minister of Economic Growth.
Thirteen to eight.

Speaker 1 (56:05):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at.

Speaker 2 (56:11):
Be couple of insightful texts on this got to Admira Mike.
She doesn't back down of the results are as good
as the conviction. She'd will achieved something no one else has. Sandra,
You're right, So the key there in Your word is results,
not talk. Results here here, Nicola, go girl. Mike Willis
convinced me she's trying keyword trying. New Zealand's a small
markets not easy now and saying it is, but trying

(56:32):
is not results. See why do we have governments if
they won't make decisions? It's not a bad question, Mike.
Please ask Willis why she hasn't broken up the existing
players as per the Commission's recommendations. Will She sort of
explained that she's getting advice twice over, Mike, does Nicola
to find predatory pricing as Costco selling butter below predatory pricing?
Not a bad point, Mike. Thanks for holding Minister Willis

(56:53):
to account. We need more action less talk. Morning, Mike,
Nicola was slightly pissed at you this morning, and rightly so.
Your drone on about Costco is borish. You keep referring
to Costco losing money on selling cheap butter. You don't
know that, Actually I do, and I know that because
Costco said they're losing money on each block of butter
they're selling. Sorry to use some facts. Nine away from eight.

Speaker 1 (57:17):
The my Cosking Breakfast with Rainthrower News togs Head been
no six away from it.

Speaker 2 (57:22):
More good news for christ Church New Zealand Fashion Week
announcing this morning a bespoke version of the event in
November three year deal and for Osalie as of course
New Zealand Fashion Week owner and he's back with us
for OS. Good morning, Good morning, Mike.

Speaker 11 (57:35):
How are you very well?

Speaker 2 (57:35):
Indeed who's the deal with? And how hard was it
to put together?

Speaker 23 (57:42):
Actually wasn't that hard, but it was you know, coming
together off Christish New Zealand and New Zealand Fashion Week
with the purposes of advancing fashion activiations across Suthailand fantastic.

Speaker 2 (57:55):
Do you bleed the Auckland support a little bit? Given
I know a lot of people from christ Church come
to Auckland, they don't need to anymore.

Speaker 23 (58:04):
No, I think Auckland has its own place and we're
very grateful for Kataki Auckland Unlimited for their support. But
this is an entirely second event, something that makes New
Zealand Fashion Week financially stable and sustainable for long term.

Speaker 2 (58:20):
What's your sense of this week in Auckland so far?
You enjoying it?

Speaker 23 (58:26):
Absolutely amazing. We've sold more than four thousand, three hundred tickets.
Mike and the community, the designers, the consumers. They're all
engaging very very well. There's a bit of a you know,
buzz going around the city.

Speaker 2 (58:40):
Good good to hear it. And congratulations on Christyuch. Is
there anything Christuch doesn't have now? For Ozali by the way,
the New Zealand Fashion weekna christ it's kind of like
a magnet for everything. By the way, I didn't have
time with Nicola, but her other thing is the banks,
of course, and you'll know the Finance and Expenditure Committee
has been looking into banks, banking regulation rules, et cetera.
Is the RAS scam, is the RES scandal and banking.
They could not find any sort of smoking gun. But

(59:03):
I got an interesting invite from the person i'll tell
you about after eight thirty this morning. He wants to
fly me to London. Wants to fly me to London.
Actually wants to fly me and my research team, as
he put it, to London to do some investigation. He's
got the answer to banking in this country. And I'll
tell you what it is, and I'll tell you why
he's wrong. He says I'm wrong, but I'm saying he's wrong.

(59:27):
So we've got he's wrong. He's wrong kind of thing anyway,
but he's prepared to fly me to London. Could I
fly to London with my research team.

Speaker 11 (59:36):
And your research team and presumably your technical team.

Speaker 2 (59:38):
Technical team and then go, ah, you were right or
maybe you're not right. I don't know anyway, I'll tell you.
I'll tell you more about that. After eight thirty. We've
got to get to a Georgia Lyons because she's prepped
and set to go. She's about to leave for Nashville
for good. But before she does, she's going to sing
us a song and.

Speaker 1 (59:57):
A chat, setting me a gin and talking the big issues,
the Mike Harting, Breakfast with al Vida, retirement, communities, Life
your Way, News, togs Head be.

Speaker 2 (01:00:08):
Seven minutes past. Hey, let us catch up with Georgia
Lyons before she gets on the big bird to chase
the dream in Nashville. Before she leaves, we have a
new EP, a couple of shows, and wouldn't you know,
she's also turned up for a song. Georgia Lyons is
with us morning, Good morning to you. All right. The
first question this will be out of left field and
you won't expected coming with all the interviews you've done
yet with nothing like this before. So I'm watching your

(01:00:28):
music video yesterday. Yes, what what's the car? What's the
car at the beginning of the video. Yes, it's red,
it's red.

Speaker 17 (01:00:37):
What is it?

Speaker 2 (01:00:39):
It's an ELpH Romeya. You don't know, did you?

Speaker 6 (01:00:41):
I had momentarily forgotten.

Speaker 2 (01:00:43):
Did you know it's an Elpha ray?

Speaker 25 (01:00:44):
I did know.

Speaker 6 (01:00:45):
We did talk a lot about it the week that
we were filming down in manat at this farmhouse because
it was this the couple that owns the property there.
It was it was their car, so they had no Yeah, yeah,
I mean it's amazing.

Speaker 2 (01:00:59):
Did you turn to the farm and go by the way,
do you have an Alfa Romeo sitting?

Speaker 6 (01:01:02):
Well, we had basically emailed them and said, you know,
we'd booked the property right on a worm and kind
of gone, you know, we know that this is what
the house looks like, but we don't really know what
sort of props we might need to bring down for
the week. So we emailed them and said, you know,
what have you got on the property?

Speaker 25 (01:01:18):
Have you got a ladder?

Speaker 6 (01:01:19):
Have you got you know, kind of like a few things.
And then she replied and said, oh, we've actually got
We've got this car, and I was like, oh my gosh,
we have to use the car.

Speaker 25 (01:01:29):
It's just beautiful.

Speaker 2 (01:01:30):
And so do you know about cars or not really
because when she said we've got this car, well, we've.

Speaker 6 (01:01:36):
Got this car attached photo on the email. I'm not
a big car gal, Like, I couldn't really tell you
how to change my oil in my car.

Speaker 2 (01:01:44):
But it's a beautiful car though, Wasn't it a beautiful car.
It's a Fa adult on the back of the.

Speaker 6 (01:01:49):
Which their last name was is sweet.

Speaker 2 (01:01:52):
So yeah.

Speaker 15 (01:01:53):
So obviously, having.

Speaker 2 (01:01:55):
Watched your videos, you seem to put a bit of
energy into the videos, which which is which wonderfully creative?
Do they materialize into success for a song? I mean,
is there a direct connection between a good video and
the song?

Speaker 16 (01:02:07):
Not necessarily?

Speaker 25 (01:02:09):
I mean.

Speaker 2 (01:02:13):
I like, oh, jeez, I've opened up a camera.

Speaker 7 (01:02:16):
It's good because I think.

Speaker 6 (01:02:18):
With every kind of visual that you do, you know,
there is so much content that is constantly you know,
we see it every day with social media. It's like
we're watching these little snippets. I like to think that
everything that we do in terms of videos and music
videos or little visualizes that it does help with you know,
people kind of absorbing the song or experiencing it in

(01:02:40):
a different way. But in terms of like, is there
a direct correlation between making a video and therefore achieving
X amount of streams or achieving a certain amount of success,
It's really hard to know. I think it gives a
certain life to the song, and it helps you know
if you're watching the video, it might keep you interested
slightly longer than all of the content that you're you're

(01:03:01):
swiping through. But yeah, in terms of I mean, the
algorithm is a very hard thing to compete with when
you're when you're creating in you're the.

Speaker 15 (01:03:11):
Old algorithm, that old algorithm.

Speaker 6 (01:03:13):
It's like, artistry is so important to me, and you know,
you're you're balancing this idea of creating something that's meaningful
and having an emphasis on artistry, but then also.

Speaker 2 (01:03:24):
Going what works you I have you at late twenties,
am I right in that? Okay? So your your whole
career has pretty much been in the space though social media,
y ticket You don't go back to a time when
it was completely different. There was a record company and
you had to trapes around the countryside and you sold tickets,
so that there was no social.

Speaker 6 (01:03:42):
Med no, no I've always been independent, an independent artist,
so you know, I mean I remember getting a file
and I remember that very distinct like time in high
school when that kind of social media world was happening.
But in terms of like my career, it's always been
navigating social media and navigating you know, the kind of

(01:04:02):
ever changing landscape. So I mean, things are always changing,
and there's a lot of adapting needed and a lot
of you know, kind of pivoting and going what's working
and what's not.

Speaker 2 (01:04:12):
And what's your summation of it in totality, Because my
argument has been, having interviewed a million people over the
years about this, is that in the old days, you
had to convince somebody you were good, whereas the advantage
of the modern days you can go to your bedroom
with a bit of basic equipment and put it out
to the world and be discovered. So there's good on
both sides, I guess, isn't there?

Speaker 25 (01:04:31):
Yeah, for sure.

Speaker 6 (01:04:31):
I mean the accessibility for anyone. I mean, you could
record a song today and put it out on social media,
or you could put it out on Spotify, like it
makes it a lot more accessible for people. Whereas you know,
twenty years ago you kind of maybe longer you had
to go through a record label. So I think there is,

(01:04:52):
like you say, there is positives and negatives to both.
I think there's amazing things about social media and the internet,
like my song's being heard all the world, whereas you
know that might not have been the case because I'm
from the bottom of the world, down here and doing
my thing and hoping that people.

Speaker 2 (01:05:08):
Well, you're moving though, aren't you. I am you are
moving to Nashville. Are you doing that? On the date
you will be moving. You've got a plane ticket and
you will be arriving, and you've got a place to live.

Speaker 24 (01:05:18):
Yes.

Speaker 2 (01:05:18):
So it's all sort of a sort when's that happening?

Speaker 6 (01:05:21):
Sixteenth of September.

Speaker 16 (01:05:22):
It's not very specific, No, not long.

Speaker 6 (01:05:24):
It's come around very quickly.

Speaker 2 (01:05:26):
And how what's been the process of that? That it's
a calling you have to do it, or you'll.

Speaker 6 (01:05:31):
Give it a go, or I mean all of the above.
I have loved for a really long time, you know,
the idea of living touring, doing music within America. I've
spent a lot of time there. I've got a visa,
an artist visa, so I've done a bunch of tours
and stuff over there. I really love it. I love
the bigness. I love I feel like there's this this

(01:05:55):
mentality where everybody's like, you can do it.

Speaker 15 (01:05:58):
That's true and there's something.

Speaker 6 (01:06:00):
So freeing about that as an artist and a creative
feeling like you're not having to convince.

Speaker 2 (01:06:05):
You know, the person next Poppy.

Speaker 25 (01:06:07):
No, there's no toll Poppy.

Speaker 6 (01:06:08):
And that's a very real thing here and that's hard.
And I think every time I go there, I'm reminded
of like, oh, this is possible. The possibilities are endless,
Like I can always grow and and get better and
get bigger. And that's an exciting thing for me.

Speaker 2 (01:06:25):
I feel fantastic. Yes, although they just just you talked
about social media. Have you put anything on your social
media that Marco Rubio is going to see at the
border and he's going to whack you in a nice cell? Okay,
so you're good to go. You're ready to go? Okay, good?
Now this this this? So you got your EP? Yes,
but the tracks are already out. Is there an EP?

(01:06:47):
Do you do the EP of a physical EP?

Speaker 26 (01:06:50):
Yes?

Speaker 6 (01:06:50):
Yep, do a physical cop. I love having a physical
copy of something good.

Speaker 2 (01:06:55):
You don't do cassettes though.

Speaker 6 (01:06:56):
No, but they are circling background.

Speaker 2 (01:06:58):
I reckon they are, I think to vinyls thing because
it's I think of becoming a thing.

Speaker 6 (01:07:01):
We did vinyls with my album that came out last year,
and I mean, everybody loved having a vinyl.

Speaker 2 (01:07:09):
Who doesn't love having a vinyl until you discover you
haven't got a turntable so you get a buy.

Speaker 7 (01:07:13):
My parents so you don't have one of those anymore.

Speaker 25 (01:07:17):
We need to know.

Speaker 2 (01:07:18):
Yeah, fantastic, all right. So the episode, so the EPs out?
What are you going to play for us after the break?

Speaker 6 (01:07:23):
I'm going to play Wonderful Life, Yeah, which is the
first track on the EP. One of my favorites. It's
it's quite a storytelling, kind of lyrical song.

Speaker 2 (01:07:35):
Fantastic all right. More from Georgia Lines in a Moment.

Speaker 1 (01:07:38):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talk.

Speaker 2 (01:07:44):
Zippi talks e seventeen past EPs out Georgia Lines with
us in the studio. So EP's out tomorrow. So that's
a very exciting. You're off to Nashville in September. So
actually this might be the first and last time we
ever meet and sit in the studio.

Speaker 6 (01:07:56):
I mean that's lovely, but also quite said, well.

Speaker 2 (01:07:59):
It is you can always come back, right. So the
song is this is wonderful life.

Speaker 15 (01:08:05):
Okay, m h, but it's so full life.

Speaker 7 (01:08:21):
It's son full life, heaven less.

Speaker 26 (01:08:26):
Waving goodbye all look back, You're gonna make.

Speaker 25 (01:08:30):
It just fine, And it's so under fool.

Speaker 7 (01:08:36):
Lie, it's so full life.

Speaker 27 (01:08:43):
Who California's ours now feels like a day dream high
and craving the same when and walking alone.

Speaker 26 (01:09:08):
And as far as I know, wheel still at the
beach somewhere, turn away, your travel away.

Speaker 25 (01:09:15):
From the sea so slow and then you go.

Speaker 26 (01:09:25):
But it's want a full life, baby, it's on a
full life.

Speaker 25 (01:09:33):
He even has my.

Speaker 7 (01:09:35):
Waving good bye town, look back.

Speaker 25 (01:09:38):
You don't make it just fine, And it's so on
a full.

Speaker 26 (01:09:44):
Day, baby, it's a beautiful day. Even more you're walking
all the way down look back. You want to be okay,
And it's.

Speaker 5 (01:10:00):
Soon a full life. It's on a full life. Who
I was leaving from Terming or b I was waiting

(01:10:24):
and he asked, what do you think it would feel
like falling.

Speaker 27 (01:10:30):
In love.

Speaker 20 (01:10:33):
Now?

Speaker 25 (01:10:34):
Staying on and the day dreams gone?

Speaker 26 (01:10:37):
And I guess you still don't know, but it's a
a full life, baby, it's on a full life. He
even less waving good bye, t look.

Speaker 25 (01:10:54):
Back, You're gonna make it just fine.

Speaker 7 (01:10:59):
And it's so a full.

Speaker 26 (01:11:00):
Day baby, it's a beautiful day. He even though you're
walking all the way down, look back, you know what
to be okay, And it's a wunt to fool life.

Speaker 7 (01:11:20):
It's a wutiful life. Who go on done, keep on driving.

Speaker 27 (01:11:42):
So so.

Speaker 25 (01:11:45):
At that and you go.

Speaker 2 (01:11:51):
Fantastic, well done. Congratulations, good luck with the record, and
good luck with Nashville and terrific to see and thanks
for coming in, thanks so much for having me your
Ja lines. Give you the dates for a couple of
shows this week in shortly eight twenty one, The.

Speaker 1 (01:12:04):
Mite Hosking Breakfast with Bailey's Real Estate News Togs.

Speaker 11 (01:12:08):
They'd be now, did you.

Speaker 2 (01:12:09):
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Wow.

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(01:13:02):
dot co dot nz. Fast album's our EP's out tomorrow
The guest House with Georgia, So that's tomorrow. She got
a couple of shows over the weekend two tomorrow and Saturday.
She's in Auckland at the Hollywood in Avondale. If you
want to go see her before she departs for the
bright lights of Nashville. Mike beautiful song. Thanks for Georgia
on the show. Having Georgia on the show, no worries

(01:13:24):
at all. Oh my, what a gorgeous voice Georgia has, Vanessa,
I think you're right. I never heard of Georgia before,
but when she started to sing, it was so beautiful
it brought a tear to my eye. Mike, a delicious voice.
Sounds a bit like Joni Mitchell. Not bad, Yeah, no,
it's not bad. Did you get the guitar type? Well done,
I did. It's a Matan three quarter size Maten, Mike.

(01:13:45):
Georgia comes across as a very smart, lovely lady, and wow,
can she sing so very good feedback the feedback, Sorry,
not that impressed. It's a wonderful life, too repetitive, Thanks
very much for that. Not convincing. This is a wonderful
life at all.

Speaker 14 (01:13:59):
Do not like it.

Speaker 11 (01:14:00):
I hate catchy songs with a repetitive my wife.

Speaker 2 (01:14:06):
My wife says I should apologize to her for opening
with such a ridiculous first question. I didn't think it
was I didn't think it was ridiculous at all. I
thought it was iggy.

Speaker 11 (01:14:15):
And also you warnded her that it was going to
be a ridiculous.

Speaker 2 (01:14:17):
I wander up.

Speaker 11 (01:14:18):
You say something like that is going to be like
no other question question. This is a dumb question.

Speaker 2 (01:14:24):
Yeah.

Speaker 11 (01:14:24):
And if she did forget, I'm asking you this question,
what would have.

Speaker 2 (01:14:28):
What would have been embarrassing? If she goes that's not
remotely random at all, that's I get that all the time,
and then I would have felt embarrassed. But no, she
didn't have a clue.

Speaker 11 (01:14:34):
There's nothing worse than somebody say, oh, everybody asked me there.

Speaker 2 (01:14:37):
Yeah, exactly. Anyway, the answer is for all the people
who texted it's a sixty seven GT. Have a look
at the video, sixty seven GT. She's a talent apart
from the two people who texted she she isn't because
you're losing to go away and we wish it well
in Nashville.

Speaker 1 (01:14:51):
Meantime, the Breakfast Show kiwis us to stay in the know,
The Mike Hosking Breakfast with Rainthrover, Leading by Example, News, Togs, dead.

Speaker 2 (01:15:06):
B sad news, and just my little strange obsession with us.
But unfortunately I had to tell you the Fortune Favors,
which is, and this is what the media call them,
one of New Zealand's most successful or one of Wellington's
most successful breweries fortune favors, so they're gone, so they
fall and know another another day. And other business that
falls over. After nearly a decade in the capital, Shannon

(01:15:29):
Thorpe Dale Cooper business was no longer financially sustainable. Cost
of living crisis has proven too difficult for us to navigate.
We're down twenty percent on last year, which is already
twenty five percent down on the year before. So very sad,
very sorry, five hundred unique blends. I would argue you
probably blending too much. Would nevertheless be that as it may.
The media always calls people who go under the most successful.

(01:15:51):
How can you be successful that also go under? It
just does not make sense, which is not to be
mean to the people going under, but you can't be
success for why you're going into liquidation. It's grammatically incorrect.

Speaker 11 (01:16:04):
Well, if you're making awesome beer.

Speaker 2 (01:16:06):
No you're not, because you wouldn't be going into liquidation
if you were.

Speaker 11 (01:16:10):
And it just means you're not selling awesome beer.

Speaker 2 (01:16:12):
Which is the point of the exercise. Twenty two minutes away.

Speaker 1 (01:16:16):
From nine International correspondence with Insigneye Insurance. Peace of mind
for New Zealand business.

Speaker 2 (01:16:22):
Who written we go on a little good morning, good
morning to you make Farage very much in the center
of attention at the moment, six hundred thousand migrants they're
going to be deported within five years. He's seeing them
after Afghanistani, Ratrea, anywhere else. Why can he do it, allegedly,
and yet the Tories who wanted to couldn't because the
judges got involved.

Speaker 21 (01:16:42):
What's different, Well, there's a couple of things. Firstly, even
forrag Reckons, he couldn't have done it a year ago.
He was saying that deportation was politically unacceptable a year ago.
But I think he's noticed, as it does so very
well and with some accuracy, a huge changing in the climate,

(01:17:05):
the temperature over this issue over here, and now he
thinks he can do it. You know, it is inconceivable
that a year ago David Blunkett or Jack Straw or
Graham Stringer, all members of the Labor Party, former Foreign secretary,
former Home secretary, current serving MP, would have suggested that
we should leave the e CHR that's European Convention on

(01:17:26):
Human Rights. All three have done it recently, and the
latest opinion polls are saying, you know, we need these
people removed from the country, so he thinks you can
get away with it, and to judge from the response
in the newspapers, he will I looked beneath the line
in an interview he did for The Times at the weekend.

(01:17:52):
And the Times is a liberal paper, you know. The
Times isn't the old conservative paper of old. It's quite
a liberal paper. It was sixty forty in favor of
what he was saying. So there's been an enormous change
in attitudes.

Speaker 2 (01:18:08):
When he talked about also frecking. Is he basically looking
to Washington, seeing Dan Trump and going out, I'll give
a bit of this to the UK.

Speaker 21 (01:18:15):
Yeah, I think yes, I think that's exactly he is.
In thrall to the Trump administration. He loves the Trump administration.
He loves America and has been very impressed with what
Trump has done, even though there have been a couple
of occasions where he's had to draw back from being
fully supportive. So, yes, with the fucking and I think
that's exactly it. The thing which you'll find hardest to

(01:18:38):
get through the pastor lawyers, and I don't know how
he will get it past the lawyers is sending people
to Afghanistan. He can withdraw from the CHR. But it
doesn't stop judges over here saying, now you're not doing that.

Speaker 2 (01:18:52):
Made very interesting, isn't it, Because I know that he
got Graham Simpson today, which is the first Scottish member
of Parliament, and that's the second one week. So he
he between the people defecting from the Tories to his party,
between him reading the political mood, between that and the
polls he It's going to be fascinating to see whether
that actually translates into real power, isn't it.

Speaker 20 (01:19:14):
Yeah.

Speaker 21 (01:19:14):
I never thought it would, Mike. You know, I thought
that they would have a ceiling of about twenty twenty
five percent and that he wouldn't translate into seats into
actual quotes. But I've noticed that people are saying now, no,
I'm reform and saying it quite proudly rather than whispering it.
And he's at thirty five in the polls. You know,

(01:19:36):
he needed to the election when in total the people
are still talking about a reform Conservative alliance at the
next election or after the next election, he may not
need that.

Speaker 2 (01:19:50):
Yeah, and then you've got people like andrel is it
three pads rain or is that what they're calling her
now Angela.

Speaker 21 (01:19:55):
Three houses Rainer. Yeah, that's its three homes Rainer previously
known as Andevid two homes right now when she only
had two homes. Remarkable, she's a depicity prime minister. She's
just brought an eight hundred thousand pounds three veteran flat
in Hove, which is south coast town next to Brighton.

(01:20:15):
And of course, given Labour's attitude towards people who have
more than one home, and she being on the left
of the party, it is purely, purely hypocritical. Then you
cannot get around it. And yet it's also something which
I think is baked into the Labor Party when you
look at them, which is it's happened so many times

(01:20:37):
before you know, they will own more homes than they're
ment to, they will send their kids to private schools,
et cetera, et cetera. You know, the hypocrisy has always
been there.

Speaker 2 (01:20:48):
While I got you Rid and you're away a couple
of days ago. But this is one of the IMF thing.
There's reeves your DIBt when you start talking about IMEF
by alouts. I mean, it's one thing to not pay
your bills, but I mean is Britain really in the
desperate sort of straits that I'm reading.

Speaker 21 (01:21:04):
I don't think we're in as bad a position as
Francis at the moment, which is also worrying about calling
the IMF in, and perhaps not quite as bad a
position as we were in in nineteen seventy eight when
Dennis Healy, who was the then Chancellor called in the IMF.
But we are in a bad position and there's not
much she can do about it. She can't raise taxes.

(01:21:26):
She's going to try and screw with the people who
work for a living in this country as much as
she can for a bit of extra dots, which will
send more people traveling abroad leaving the country. She is
in real trouble, and the current indications so that things
are going to get worse rather than better.

Speaker 2 (01:21:44):
All right, Mike, go well, have a good weekend. We'll
catch up next week. Roll little and Britain. By the way,
they announced also overnight the off gym people, who are
the people who regulate to a degree the guest and
electricity prices, that you're going up another thirty five pounds,
which is more than they thought. It's another two percent,
so you'll be paying about fourth on average four thousand
dollars a year for your power, which I worked out
to be three hundred and thirty six dollars a month.

(01:22:05):
That's not bad actually, I mean when we have three
or four hundred here, isn't it three or four hundred
a month something like that? Round about?

Speaker 11 (01:22:12):
Well, it's variable, isn't it. I mean it depends how
it is cruel saunas and things you're running.

Speaker 2 (01:22:16):
It's exactly right. Sheffield Wednesday if you're following, that's really
interesting because I got semi gripped by lower level football
when I watched that built in Boomingham thing with Tom
Brady the other day on Netflix. Anyway, Sheffield Wednesday is
owned by a guy who's not paying them, guy called
Chenciri dev Chong Sansiri, and he's not paying the players,

(01:22:37):
and they started the season with only twelve senior players.
So in the last game earlier on this week, all
the fans decided to stay away until he started paying them.
So there seems to be a bit of a problem
with Sheffield Wednesday, so it'll be interesting to see how
that unfolds. Sixteen away from Nome.

Speaker 1 (01:22:53):
The Like Asking Breakfast Fall Show podcast on iHeartRadio powered
by News Talks at b.

Speaker 2 (01:23:00):
There's thirteen minutes away from nine. Just some me bring
this up and see if it's got it, and videos
just report it. So I'm just looking for the numbers
and it's not good. It's not as good as they thought.
They've come in at fifty four billion, and the whole
world's hanging off in video and what in video's doing
at the moment. But they thought it was going to
be more. So we'll get the final detail on that.

(01:23:22):
By the way, this invite, I've got to London. So
should I go to London? So here's the problem. Tech Edwards,
who is part of the monopoly group. He once set
up two degrees likable guy and he and I Arododds,
not particularly. It's just ideas and thoughts and stuff like that.
So I'm arguing there's no great scandal and banking he's
arguing there is. I back my argument up by saying
that the Finance Committee looked at it for in excess

(01:23:44):
of a year. There is no scandal. There's a few
things you can tweak and change and they are and
you know, some of the money being held by the
retail banks at the moment as regards the rules around
the Reserve Bank, etcetera. All that stuff, but nothing material
is going to unfold in this country. He says, no, no, no, no, no, no, no.
What he needs to who he said to me? We
didn't say to me. He said, Sam, He said, we
need to fly you to London and you need to

(01:24:05):
look at these these neo banks. And a neo bank
is a bank that's readily available, and they're big in
Europe allegedly, and they are online, so essentially they can
offer better services and better deals, but you don't have
physical facilities, and lots of people use them. And so
I looked up these neo banks, these digital banks. They're
in Australia. They've got Juno. Now I've heard of Juno,

(01:24:28):
so that's a neobank. Up Bank is another one. And
we actually have some neo banks in this country. They
are called Dosh, Emerge and Deboo. Now have you heard
of them? The answer, of course is no. Now should
you have heard of them? Maybe maybe not if you
had heard of them and you suddenly thought to yourself,
I'm being ripped off at my regular bank. I'm going
to go to a nego bank Dosh emerge or debut
or maybe I'm going to give them that they're digital.

(01:24:49):
Why wouldn't you deal with one in Britain or Denmark
or Scandinavia or Australia or Juno wherever you like? And
the answer is because I don't think there's a scandal
in banking, because if there was and these were the difference,
they would have made a difference by now so.

Speaker 11 (01:25:01):
And also given that their digital, why would you have
to go to London to look at them?

Speaker 2 (01:25:04):
One hundred percent? That's the next thing that Sam and
I were discussing this, but we decided that wasn't as
important as us going to London, and maybe once we
got there going oh, we probably didn't need to be
here after all. But at least we'd be down Oxford
Street at sains. We's having a good time.

Speaker 11 (01:25:15):
I don't know so and i'd just be here pushing
these buttons exactly so.

Speaker 2 (01:25:21):
I don't know what to do. It's a very nice
invite text to invite us to London so we can
go study. It's one of those It's like a sabbatical,
isn't it. We're going on special sabbatical and we'll come
back with a special report.

Speaker 11 (01:25:34):
You can come up with a list of places where
they have I think they're quite big in South America.

Speaker 2 (01:25:37):
That's what I would end. You're always end the report
saying further investigations required. It's nine to nine.

Speaker 1 (01:25:46):
The Mike Hosking Breakfast with Vida Retirement Communities News togs
had been.

Speaker 2 (01:25:51):
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(01:26:12):
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(01:26:55):
slash waterfront, Bailey's dot Co dot nz Ford slash waterfront
or content at your local Bailey's office, licensed of course
under the re Douba of two thousand and eight Hosking
in New Zealand come to the party this morning. Earnings
before tax one eight nine million, net profit one twenty
six million. They are lone numbers these days, aren't they?
Capacity down four They've got six narrow bodies and five

(01:27:16):
wide bodies on the ground going nowhere. Dividend of one
point twenty five cents thirty eight million share buyback revenue
to climb by two percent to five point nine billion,
four percent reduction in overall network capacity. Fuel helped improve
twelve percent. That's a couple one hundred million dollars. So
the price of fuels critical non fuel operating cost inflation
of two thirty five, so the inflation offset the gains

(01:27:37):
and fuel Oh the irony hire a landing charges, labour
costs and engineering material So they're in a world of
pain still. They talk about resilience and tough times and
yaddi aadi YadA, but they're in a world of pain.
So once the planes leave the ground, things might turn
around significantly. Five minutes away from nine.

Speaker 1 (01:27:54):
Trending now with Chemist Warehouse, great savings every days.

Speaker 8 (01:28:00):
There you are desert bred.

Speaker 2 (01:28:02):
Sorry broke, he's goodnessness. You ever played snook in a
Morgan one? You should try that sometimes it's fantastic anyway. Spotify,
I've got this thing where they start predicting things. They
predict a song whether where it will go in this

(01:28:23):
called what I Want, and it's top Spotify's official trend
in chart. Now, that chart uses AI to predict future
top songs and has an accuracy rate of eighty percent,
So that's kind of like as eighty percent of thing
I mean, I got an accuracy rate of eighty percent.
Am I going to turn up tomorrow? I predict I will,
so I reckon I got a better acuracy rate than
they do. So if you want to go to number one,

(01:28:45):
this is this is so this one could go to
number one according to the AI, to the algorithm wandered
up to.

Speaker 15 (01:28:52):
Then it's a good song.

Speaker 2 (01:28:54):
If this is a game, can you put the song
into the AI and they'll tell you that that's the
next thing they need to do. That's an opportunity. I'd
charge five cents ago and you plug your song and
it will give you a ranking on whether or not.
Because here's one about the jeepers and the creepers. That's
a that's a fantastic song. If you put that song
Dupis and the Creepers. It's all on his new album.

(01:29:15):
Just go listen to Morgan.

Speaker 26 (01:29:20):
If they an.

Speaker 25 (01:29:21):
Stay there.

Speaker 11 (01:29:24):
His songs, So really ever going there?

Speaker 1 (01:29:27):
Do they?

Speaker 11 (01:29:27):
Let's be honest, they do.

Speaker 2 (01:29:30):
Spotify says there going all the way to the top.
That was the point of the signal where they're going
all the way to the top.

Speaker 11 (01:29:35):
It's just like they start, they go and they stop
the next one and there's about thirty of them on own.

Speaker 2 (01:29:42):
Album Everyone's at Cinec. Aren't they you like Georgia lines?
Or are you texting in there as well?

Speaker 11 (01:29:46):
We I liked it.

Speaker 2 (01:29:48):
It was all good.

Speaker 11 (01:29:49):
Not a fan of Morgan so much.

Speaker 2 (01:29:51):
Back tomorrow from six Happy Days

Speaker 1 (01:29:55):
For more from the mic Asking breakfast, listen live to
news talks it'd be from six Weekdays, or follow the
podcast on iHeartRadio

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