Full Show Podcast: 28 May 2025

Episode Transcript
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Speaker 1 (00:00):
New Zealand's home for trusted news and views, The Mic
Hosking Breakfast with the range Rover Villa designed to intrigue
and use togs, dead beings.

Speaker 2 (00:09):
Well, you welcome today and you can sense authority that
might well revolutionize house and building. We've got the Reserve
Bank in their call of course and crunch a couple
of numbers run Just how big are export led with covery?
Appears to be politics? Wednesday after eight with Mike and Jinior,
Richard Arnold and Steve Price are abound to be awesome
as well, pasking Welcome to the day seven past six
now to give you an insight into just how hard
Christian Hawksby's job is today. Have a look at what

(00:31):
the shadow board says now. The Insidier has a monetary
policy shadow board. It's a bunch of economists and their
view as to what should be happening today. Some say
twenty five points once is fifty. Some say don't do
anything at all? How do you deal with that? These
are experts. They know what they're doing or do they so?
No matter what Christian does, some of them are going
to be going what nurs the thinking think about the

(00:52):
difference between fifty and nothing. I mean, fifty is a lot.
Fifty is things aren't good and we need to fire
the place up a bit. Nothing as well, things are
just where we want them? Are they where we want them?

Speaker 3 (01:03):
No?

Speaker 2 (01:03):
Is my answer, But then I'm not an economist. Most
of them say things like, boy, this is tricky. My
word isn't uncertainty the watch word of the day. And
it's through this murky mix of who the hell knows
what's going on? Christian has to wide and produce something
that will see us head into a half decent Christmas.
Of course, that's part of the mess we're in. There
is a lot of water to go under our beleagued
bridge before Christmas, and a number of decisions from the

(01:25):
Reserve Bank still to come along. Of course, with the
much dissected commentary what is twenty five or fifty or
nothing actually mean? What's old Christian thinking? Tell you this
for nothing? A big part of this equation is mood.
It's the same with the budget last week and this
depreciation measure. You've got to want to get amongst this.
You have to take your mortgage rate cut and do
something with it. You have to want to buy your

(01:46):
tractor or your ute and depreciate at twenty percent. If
you're in a funk and you're not spending, then depreciating
nothing is nothing and no one gains. Christian or Nicola
for that matter, can't do it all. At some point
we have to believe, we have to have our arm
t west, that we have to see of a little
bit of light. Most important factor in any economy is
us in mood. At some point a switch has to

(02:08):
go off, a decision has to be made, and better
days have to be looked forward to. So let's hope
today is part of that story.

Speaker 4 (02:15):
Wow.

Speaker 1 (02:17):
News of the world in ninety seconds.

Speaker 2 (02:19):
The news of the nutterre in Liverpool and yesterday's tragedy.

Speaker 5 (02:22):
We have arrested a fifty three year old month from
my Starby on suspicion of attempted murder, dangerous driving offenses
and driving whilst unfit through drugs. He remains in quested
in why.

Speaker 2 (02:34):
He is being interviewed favorit of anngsters we saw on
our tics machine here yesterday over this white person detailed
that the police released at the time. PM isn't biting.

Speaker 6 (02:42):
I think today is a day really thinking about all
those impacted by this something absolutely clear that we stand
with them.

Speaker 2 (02:50):
Also in Britain a couple of things around kids Faraj
and reform onto offer tax breaks to have more of them.
The government are looking at lifting the two child welfare
capitals so they can hand out yet more benefits, which
of course is why labor are struggling and reform is booming.

Speaker 7 (03:03):
It is unsmarring, it is disconnected through real live It.

Speaker 8 (03:08):
Is in my view.

Speaker 7 (03:10):
Unpatrioland in opinion involving Today suggesting that over half a
country thinks his leadership frankly is pointless.

Speaker 2 (03:18):
Kings and Canada opening the parliament possibly offering a bit
of soft diplomacy over you know what.

Speaker 4 (03:24):
The system of open global trade that, while not perfect,
has helped to deliver prosperity for Canadians for decades is changing.

Speaker 2 (03:34):
Stateside, harbored are in for another bad week, lightest move
as all federal money has been kept.

Speaker 9 (03:39):
The measures that they have taken to address these that
don't even hit the same people that they believe are
causing the problems. Why cut off research funding.

Speaker 2 (03:50):
And in the war the Germans have up the long
range anti over missiles and how far Ukraine can fire
them which has not thrilled the Russians.

Speaker 10 (03:57):
It makes us think again that a decision on a
allowing Ukraine to do what are once within certain limits,
which includes conducting strikes at aims on the Russian territory,
this decision have been taken a long time ago, but
kept secrets with you.

Speaker 2 (04:12):
Finally, back in the UK, we've got a bloke suing
as employer for not giving him a pay rise. Small detail.
This blake's been on sickly for other fifteen years. His
name's Ian Ian. He went on mental health lead back
in two thousand and eight from IBM. He's still off
working twenty thirteen when he was diagnosed with leukemia. Now,
during the time, he struck a deal with the company
to pay him seventy five percent of his salary until
he retired. We're talking about one hundred and twenty three

(04:33):
thousand New Zealand dollars. He's tried twice to sue. He's
lost twice. He deserves a pay rise and the reason
he wasn't given one, he argues, is because of disability discrimination.
Judge threw it out twice. You since the third time
is not going to be any lucky. Arris the will
and might he actually speaking of the UK. Very good
news this morning from the IMF International Monetary Fund. They've
had to look at the UK economy and they're forecasting

(04:55):
to grow slightly more than previously expected. But the Chancellor's
gon to stick with her rules on tax and spinning
and that's a that's an open question. At the moment.
They did think one point two percent for the year.
They now think one point four. The economic recovery quote
unquote is underway. Twelve past six.

Speaker 1 (05:15):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talk Zippy.

Speaker 2 (05:23):
More good news. China industrial profits rose three percent in April.
Is that good seem so? First four months of this
year industrial profits up one point four percent, So in
a single month three percent. So I think we'll take
that way week fifteen past six, right over from j
My Wilth Andrew Keller her good Wednesday morning. Yeah, morning, Mike,
how would you like to be Christian today?

Speaker 11 (05:43):
Hey?

Speaker 8 (05:43):
Well, it's his job.

Speaker 2 (05:45):
Yeah, So Adian said that.

Speaker 7 (05:48):
Yeah, we'll all be glued to the wires this afternoon
for the I suppose the monetary policy nerds like myself
out there not so much for what will widely expect
to be a twenty five basis point cut to the OCI.
But really it's the it's the content of the monetary
policy statement.

Speaker 8 (06:02):
It's a full review.

Speaker 7 (06:03):
So what are the fullcasts, what's the ocater, what's their view.

Speaker 8 (06:06):
On the world now?

Speaker 7 (06:07):
Now, Mike always find this interesting because there's always this
debate around what the ardand Z will do and what
they should do.

Speaker 8 (06:13):
Now, they will, I.

Speaker 7 (06:14):
Believe, as I said, sort of very much a consensus
called they'll they'll drop the OCR to three and a
quarter percent. I also think it's quite likely that they
will signal further easing will be appropriate. So STARD dependers ever,
which I think we can interpret is at least three
percent okay, particularly given the potential hit to global growth
from all the tariff disruptions that affects our major trading partners.

(06:35):
But after that sort of three in a quarter, that
potentially three percent. Views after that are a lot less aligned.

Speaker 8 (06:42):
I mean, so what do we know?

Speaker 7 (06:44):
We know the economic recovery is patchy, and that lends
weight to the argument for getting the OCR down expeditiously.
The pm IPSI services manufacturing, they aren't screaming frothy, are they?
Card transaction grad suspending. That's pretty anemic. Employment isn't strong.

(07:05):
We saw that surprising that the unemployment rate didn't go
up as much as we thought it would, but that
was really due to an unexpected move in the participation
rate private sector wages.

Speaker 8 (07:15):
They aren't rising overly quickly. But here's the big butt though, Mike, the.

Speaker 7 (07:19):
RBI and Z will have a wary eye on inflation,
creeping inflation because we saw evidence of this in the
selected price indexes and CPI inflation.

Speaker 8 (07:28):
Just want to remind everyone out there.

Speaker 7 (07:30):
CPI inflation is likely to edge back towards three percent
in the short term. And remember that's Christian's job, Mike,
Price stability is his job, that's the mandate. But at
my view, get the rate down to three percent over
the next two meetings of me being.

Speaker 8 (07:45):
Then you can afford to sit and wait.

Speaker 7 (07:47):
Then I was interested, Mike in the in the Budgets
Economic and Physical Update, Treasury have the forecast ninety day
rate falling to two point six percent between now and
two thousand and nine. That implies an OCR of well
under three percent. That was I thought interesting. But the
thing that what they could do make they could thread

(08:07):
the tricky needle of uncertainty by giving an alternative scenario,
so they could, yeah, where tariff implementation is onerous, has
a large impact on growth and factor in a lower
OCR in that scenario, so they could cover the bases
that way.

Speaker 8 (08:22):
I think they might do that.

Speaker 2 (08:23):
Okay, Well see, but that's the thing. So you're seeing
in the reporting season that any number of companies going
wouldn't have a clue. But he can't really afford to
do that, Kenny, and I think that's that's what makes
this job so tricky. So I hope he's well paid. Hey,
eighty five to ninety eight on the Conference Board, that
seems like a leap. Where where's all that coming from?

Speaker 7 (08:40):
Yeah, So good rebound in US markets overnight after the
Memorial Day holiday, So the NASA's bounds well to almost
two and a half percent, actually, S and P five
hundred up over two percent, So picking up on the
good news that constructive announcement around.

Speaker 8 (08:53):
The US EU trade talks.

Speaker 7 (08:55):
But it's a big week for you a start, and
overnight we had consumer conference.

Speaker 8 (08:58):
This is from the Conference Board survey.

Speaker 7 (09:00):
Now that has been one of the surveys where we've
seen consumer confidence slumping and slumping a lot. And yeah,
it's bounced overnight. It's Princident ninety eight. That's a big lift.
So it sort of picked up on that pause and
tariff implementation. In other words, for as much as Trump
doesn't think this is affecting people, it is affecting people.
It had declined for five straight months. Expectations also surged

(09:23):
the in fact, the expectations consumer expectations had the largest
month of a month increase for that number, six two
thousand and nine. Just a couple of other things overnight,
my US treasury market getting lots of attention at the moment,
that US thirty year bond that had risen over five percent,
it's dropped below five percent.

Speaker 8 (09:39):
Tenure hit four point six.

Speaker 7 (09:40):
We know the US administration focus that that's also come
back a little bit as well, So that's a bit
of a positive.

Speaker 8 (09:45):
And in video reporting after the close and that will
be closely watched.

Speaker 2 (09:50):
One of the numbers, the.

Speaker 7 (09:51):
Dal Jones is at forty two, three hundred and twenty
six except seven hundred and twenty three points one on
three quarter percent.

Speaker 8 (09:58):
The S and P five hundred has said.

Speaker 7 (09:59):
Over two percent game there five nine two oh and
the NASDAK nineteen thousand, one hundred and ninety three, up
two point four four percent. The Fortzy one hundred also
joined the glee It's up sixty points point six nine
percent eight seven seven eight. Then nick was up half
percent three seven thirty seven thousand, seven hundred and twenty

(10:20):
four shang.

Speaker 8 (10:20):
Her Competent down six.

Speaker 7 (10:22):
The Ossie's gained point five six percent yesterday, the A
six two hundred closing at eight four oh seven. The
nz NEX fifty gained point two eight percent thirty five
points twelve thousand.

Speaker 8 (10:33):
Five hundred and eighty two.

Speaker 7 (10:35):
The New Zealand dollar point five nine four seven on
the wholesale markets against the US point nine two three
oh against the ossie point five two four seven euro
point four four oh three pounds eighty five point eight
against the Japanese end gold is trading at three thousand,
three hundred and two dollars.

Speaker 8 (10:50):
Break could come off a.

Speaker 7 (10:50):
Little bit sixty three dollars and eighty three ten cents
and all eyes on the rb n Z ed at
two pm this afternoon.

Speaker 2 (10:57):
Let us talk about it tomorrow. Go well, Jmiwealth dot
Co dot m Z the boring Oat Milk Company. I'm
interested in note milk these days because we've taken up
oat milk in our house. When I say we, it's
not me, but there are others in the house that
are into it, so I shake it up and put
it in the jug for the tea and the stuff.
So I've sort of become fascinated anyway, the boring oat
Milk company, they've cut a deal of thousand Woolworth supermarkets

(11:18):
in Australia, nine hundred and fifty three supermarkets, eighty metro locations,
so they're going to be supplying ninety five percent of
Woolworth sites in Australia. So you can't I aue with that.
News six twenty one here of News talk Z Boo the.

Speaker 1 (11:31):
Well the Mike Hosking Breakfast Full Show podcast on iHeartRadio
powered by News Talks at B.

Speaker 2 (11:39):
Brain Power's already flying. Mike oat milkeve it mainly seed oils.
Wouldn't think it would be allowed in your house. We
use it for another reason. I can't remember what the
reason is, but I'm told it's well worth doing. I
just follow instructions, Mike. The most important thing in economics
comes down to one thing. Confidence. It drives activity. When
it's on fire and burns activity when it's not. If
there's one thing our new fillin resis Governor has he

(12:01):
doesn't have all the garbage that Adrian All had with
mismanaging the economy. So he's already one step ahead. Well,
let's hope. So be fascinating to see what he says
and how he says it. Today, Mike, the B and
Z claim to have dropped interest rates ahead of the
OCR announcement today at less than one percent reduction. What
a joke. No, this is an important point you make,
John Banks. You've got to factor you're weighing too much weight.

(12:24):
We're putting too much weight on the cash rate. The
cash rate doesn't equate in completeness to what the banks are.
The banks are already baked in what's about to happen today,
So the cuts you see will not automatically equate to
what you get.

Speaker 12 (12:39):
From the just just like petrol prices and oil.

Speaker 2 (12:41):
Prices, very very similar. Business six twenty five.

Speaker 1 (12:44):
Trending now Quit chemist Warehouse, Mayhem, megasale on now now.

Speaker 2 (12:49):
Clarkson's farm News. Firstly, if you missed it, the latest
season has dropped in the past week. First four episodes around.
It's as good as ever. It really is enjoyable and
uplifting stuff. A report out this morning, Yes, Clarkson has
made an estimated of one hundred and sixty million pounds
from the first three seasons, so it's it's good coin
And a talking point of season four is a woman
called Harriet Cohen. Now she's a phil and farm hand

(13:10):
who turns up on the show. She turns up because
Caleb's away promoting this book. He's become a star. So
he's written books and he's on tour and he's doing
a show that part of it. They film it briefly.
It's quite funny. It's so British, it's unbelievably British watching him. Anyway,
she is amazing. And here she is trying to help
Clarkson put some track to forks on.

Speaker 1 (13:30):
Drive forward?

Speaker 8 (13:35):
Is that right?

Speaker 1 (13:36):
Hell off?

Speaker 13 (13:37):
A little bit come on?

Speaker 1 (13:39):
Work too much down forward? Off a little bit off?

Speaker 2 (13:46):
What you being off?

Speaker 1 (13:46):
A tiny bit, A tiny bet, a bit more.

Speaker 12 (13:52):
Right start, drive forward, till back, a bit back, tilt back.

Speaker 11 (14:00):
Those are eyelashes and what she's doing.

Speaker 8 (14:04):
Necessarily go to Jap.

Speaker 1 (14:08):
Is that it?

Speaker 14 (14:09):
Yeah, go go back?

Speaker 13 (14:11):
Are fund Yeah?

Speaker 15 (14:12):
Your proper tracts for the first time in your life.

Speaker 2 (14:17):
Definitely not. Caleb came back in the episode, was watching
last night episode three, So she's left the show and
that's got a lot of people want to get back,
so the online petitions on and in that her arrival
is the subtlety and the brilliance of the program, So
they're going for a whole new demographic Caleb's away, who
do we get. We get a moderately attractive, really useful
woman on the farm to send out a whole lot

(14:39):
of subliminal messages to the audience to suddenly go, oh,
hang on, that's farming, that's young people, that's Britain, that's
modern Britain. And that is why Clarkson's Farm is just
a stroke of sheer broadcasting genius. You'll note also in
the series is a whole lot of subtleish social messages
infused into it as well, but as always, it is

(15:00):
well and truly worth watching. We mentioned inflation a moment ago.
If you put your prices up a lot, is that inflation?

Speaker 11 (15:06):
Really?

Speaker 2 (15:06):
Yes, it is. We're going to meet a bloke who's
doing exactly that.

Speaker 1 (15:09):
Next, setting the agenda and talking the big issues the
Mic Hosking Breakfast with Bailey's Real Estate, your local experts
across residential, commercial and rural news. Togs Dad be But what.

Speaker 2 (15:21):
Platform is Clarkson's farm on the answer, Steve is Amazon Prime,
which has also got mob Land. So it's almost worthless
sub these days, which is not often you can say
that Richard Arnold shorty stayed side back here at twenty
three to seven. Access to the ports of Auckland's about
to get more expensive to truckie seventy seven percent price hike.
This is on peak access, means you're paying about two
hundred and thirty dollars. The theory is it encourages off

(15:43):
peak use. They're trying to manipulate the traffic.

Speaker 11 (15:44):
Here.

Speaker 2 (15:44):
Roger Graves the Port of Auckland as CEO and is
back with us.

Speaker 11 (15:47):
Roger, good morning, Good morning man.

Speaker 2 (15:49):
Now my understanding is you messaged this then you said
to people, you know, shuffle, shuffle your entry to the
port around, and that hasn't worked as well as you
would have thought. Is that fear?

Speaker 3 (15:58):
That is fair? We gave the advice of these price
rises over a year ago.

Speaker 2 (16:02):
Okay, so people are going to freak out.

Speaker 3 (16:05):
I think there's certain concern from the transfer detective. We
have bought one of the increases forward by six months,
and you're exactly right. We're trying to influence the time
of use within the city to assist in reducing congestion.

Speaker 2 (16:20):
Is that easily done? Can you just go to a
trucking firm and so, by the way, we want you
in at five point fifteen in the morning instead of
two in the afternoon.

Speaker 3 (16:27):
Well, what we do is we do have booking slots.
But you know, it's the behavior both of the trucking
companies but also the cargo owners are opening up their
distribution centers that will allow us to achieve this goal.
And it's certainly a goal that the mayor is keen
for us to keep working towards.

Speaker 2 (16:42):
I'm not surprised. Is there good will amongst all of
this and the people get it? Or are you the
bad guy?

Speaker 8 (16:47):
Now?

Speaker 3 (16:48):
I think the National Road Carriers have perhaps portrayed us
as the bad guys. You know, we've given them these
price rises. To put in context, are fifty dollars per container.
One of them happens in seven months time and one
of them happens in thirteen months time. So we've given
them a long lead time and we think that we're
taking the right direction to the port.

Speaker 2 (17:09):
Is it about revenue or do you genuinely think you
can move traffic And if it doesn't move traffic, what
are you going to do?

Speaker 3 (17:15):
Then? Well, Mike, we're going to continue to lift prices
and we've signaled that in order to do two things.
One move the congestion peak off to assist the city,
and secondly, we want to continue on our commitment to
deliver a fair return to the city. And the interesting
point about this is these charges and profit support may

(17:38):
go back to ratepayers a put down at pressure on rates.

Speaker 2 (17:41):
Yeah, but that's only because you happen to be owned
by the council. If you won't owned by the council,
to be owned by a shareholder and the shareholder be
getting bigger dividends. So it's at the end of the day,
this is a big bottom line move. Do you think
or not.

Speaker 3 (17:53):
It contributes towards our commitment to deliver thee hundred million
dollars profit that we've told the city that.

Speaker 2 (18:00):
Do you think they'll pass it on? So you charge
more than somebody else passes on. Therefore it's inflationery.

Speaker 3 (18:06):
I think what it does is that it does get
passed on, is no doubt about that. But as I said,
you contributing to downward pressure on rates helps. But secondly,
my fist was on a handling power ten power side.
It's just material amount of money.

Speaker 2 (18:20):
Yeah, but that's always the argument. Isn't a little bit here,
a little bit there, and by the time everyone does
a little bit here and a little bit there, it's
inflationery and that's what we're trying to beat down, isn't it.

Speaker 3 (18:29):
Well, we'll do our bit by contributing back to the city,
and the city will do that by keeping our aids
lower than they would have been otherwise.

Speaker 2 (18:36):
The fact you're a monopoly this has got a touch
of the old Auckland airports about it, doesn't it.

Speaker 3 (18:41):
Well, we're not a monopoly like many cargo owners choose
to take their cargo in and out through the port
of tone Iron or Northport, so a little different than
the airports.

Speaker 2 (18:50):
Is that real? Though? If I'm suddenly coming into you guys,
and I'm a regular and suddenly you whack me with us,
am I suddenly going down to Towerong or up to Northland?
Because of this or I just suck it up.

Speaker 3 (19:00):
Well, what we've noticed is actually a number of the
cargo owners have been coming to the port, and we've
grown by seven percent year on year in our container
body because of our proximity to the market.

Speaker 2 (19:13):
How does this sit with you, personally? Hand on hard
boss of a port in an inflationary period, cost of
living crisis. Ye know, there's seventy seventy seventy seven percent
suck on that.

Speaker 3 (19:25):
Well, I'll be honest with you. When I got to
the port, we were making a two two point five
percent return on equity for the city. The container terminal
was losing twenty five million a year and we're turning
that around. And I feel pretty comfortable about doing that.

Speaker 2 (19:40):
Good stuff and nice to talk to you appreciate it.
Roger gray Port's of Aukland CEO, And there is your
classic problem with the New Zealand economy. So he is
answerable to the council, his owner, and he's going to
make more money and he's going to make more money
from you because he can. And isn't that what we're
trying to flex Eighteen minutes to seven.

Speaker 1 (20:02):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (20:08):
B got a big night a footy of course, State
of Origin, State of Bio, Pinnacle of Rugby League. That's
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(20:52):
dollars one per customer tes and sees a play R
eighteen bet responsibly pasking he might regarding the charges by
the ports driven by the work ideas of the Auckland
City Council and Wayne Brown is disgusting, Mike. These port
charges are nothing more than increasing revenue for the council.
These charges are inflationary and won't be passed on to ratepayers.
Of course they won't. Just a money grab. Could they

(21:12):
have done it with a booking system? If they really
want to manipulate the traffic, could they have just said, oh,
you want to come in and pick time, Sorry, we're
not taking books that day. We'll put you somewhere else.
You don't need to charge anymore. I think we can
see this for what it is, can't we?

Speaker 16 (21:24):
Six forty five international correspondence with ends and eye insurance
peace of mind for New Zealand Business right cried.

Speaker 2 (21:31):
Would morning to you, Mike?

Speaker 16 (21:33):
Right?

Speaker 2 (21:33):
Ukraine, where are.

Speaker 8 (21:35):
We at with this?

Speaker 13 (21:36):
Well?

Speaker 17 (21:36):
It's looking pretty dangerous in some respect, isn't it? Not
that it hasn't been all along. But Trump is vamping
up his criticism of Putin with another statement posted a
short time ago in response to what we're seeing this
record number of Russian missile launchers against Ukraine in recent
oil It says Trump quote. What Vladimir Putin doesn't realize
is that if it weren't for me, lots of really

(21:56):
bad things would have already happened to Russia. And I
mean really bad. Well, caps he's playing with fire end quote.
So I'm saying Trump is about the last person on
planet Earth to realize this. The Murdoc and Wall Street
Journal says Putin is defying Trump. Former US ambassador at
a Moscow Mike McFall says it is direct.

Speaker 18 (22:14):
Russians are mocking the President of the United States.

Speaker 17 (22:17):
So far from Trump, it is only talk. Some hours ago,
as the latest Russian barrows began, Trump said of Putin
that he has gone absolutely crazy.

Speaker 19 (22:28):
I'm not happy with what Putin's doing.

Speaker 4 (22:30):
Is killing a lot of people, and.

Speaker 19 (22:31):
I don't know what the hell happened to Putin.

Speaker 14 (22:33):
I've known him a long time, always.

Speaker 20 (22:35):
Gotten along with him. But he's sending rockets into cities
and killing people, and I don't like it at all.

Speaker 17 (22:42):
In the past three days, Putin has fired into Ukraine
some thirteen hundred drones almost one hundred missiles. At least
thirty civilians have been killed. More of one hundred and
fifty people have been injured through attacks on civilian sites.
In response to the Trump criticism of Crimlin is suggesting
now that Trump is suffering from quote emotional overload. Tired

(23:02):
and emotional is he? When Russia began the war in Ukraine,
Trump called Putin a quote unquote genius. Now it is
Trump who seems to be left on the sideline. So
the White House now is putting out word that Trump
could move ahead with new sanctions on Russia, sanctions he
opposed when the Europeans urged him to do so. Just
last week, Democratic Senator Richard Blumenthal has joined Republican Senator

(23:23):
Lindsay Graham to back a sanctions bill that would include
a massive five hundred percent tariff on countries buying Russian energy.
More than eighty senators have signed onto this bipartisan bill
so far. Those countries affected include places like India and China.

Speaker 6 (23:39):
So this is huge.

Speaker 17 (23:40):
So if Trump has not signed on. Former Ambassador McFall
says Putin thinks Trump is weak.

Speaker 18 (23:45):
His calculation is President Trump will eventually walk away. He'll
stop providing assistance Ukraine, and that's exactly what Vladimir Putin want.

Speaker 17 (23:54):
Former NATO Commander General Whiz Clark says sanctions in his view,
and not enough. He says the Ukrainians will patriot anti
missile defenses and also.

Speaker 21 (24:03):
Urge more US artillery in small arms.

Speaker 17 (24:08):
Trump seems a long way from any of that, and
Ambassador McFall is saying.

Speaker 18 (24:12):
I was just in Taiwan a couple months ago, and
let me tell you, the people on the island of
Taiwan are watching very closely, because if we abandon Ukraine today,
what's to say we won't abandon other friends, allies and
partners tomorrow.

Speaker 17 (24:26):
With the US dithering, Germany's new Chancellor, Heredrich Mattz is
making his country a stronger force in noto. He's just
traveled off to Lithuania to activate a German tank brigade
there to serve as some kind of line against any
Russian invasion that might happen through Belarus. This is the
first fully armored German brigade on foreign soil since World
War II. Germany also has lifted the ban on Ukraine

(24:48):
firing Western weapons further into Russia. Removed that Moscow is
calling today very dangerous? Will Ukraine strike targets deep inside Russia?
Would Russia deploy nukes in response? The former NATO biss
General Clark is saying.

Speaker 21 (25:00):
Putin hasn't slacked off. He's doing everything he can, I
think to intensify this, while at the same time posturing
forces to be prepared to go into Belarus, through Belarus
and into Lithuania or northeast Poland by autumn.

Speaker 17 (25:19):
That's the threat Lithuania, Poland NATO members, and NATO's Article five,
of course, would require all NATO members to join together
and respond to any ITTA.

Speaker 2 (25:28):
So you're in front of my Richard Darnold said, so
just before we leave America, weird goings on in Massachusetts.
Senate Majority Leader Cynthia stone Cream is eighty two and
a Democrat. She wants to set limits on the use
of your private vehicle. Filed legislation based on law she
says have been adopted in Colorado Minnesota. So we'll look
into that and report back Tomorroncy whether any of that's true.

(25:49):
Reducing vehicle miles while addressing environmental concerns. It's the usual thing,
and because of course, the obvious question is how on
earth would you do this? Interagency coordinating counsel is what
she wants, similar to the existing Coordinating Council for rev
charging infrastructure, to come up with a whole of government
plan to reduce vehicle miles traveled and to increase access
to transportation options other than personal vehicles. Weird place ten

(26:11):
minutes away from eight except.

Speaker 1 (26:13):
The Mike asking breakfast with the range rover Villa news.

Speaker 2 (26:17):
Togs DV can't PORTAITI containers a year through the ports
of Auckland. The full price increase for cartage will be
added to a cost of my business. Course it will
I don't. I don't think anyone argues, well, that might
be write the ports are making more money out of
us being in the transport sector. A lot of distribution
centers at booking times for delivery, coordinating the trucks to
meet these as a nightmare. Trucks end up sitting around
waiting for these. Then you need more drivers to cover

(26:37):
these trucks that are tied up for longer and doing
less work, so inefficient, and the food prices go up.
Mike rang my local Ford dealer. I hope this is true.
Murray to see if I can upgrade my ute for work.
They said they've been swamped, swamped with people inquiring about
buying vehicles because of this. Twenty percent rebate from the
budget last week. That's encouraging Mike, state of state, state
of origin, State v. State v Mate run it straight

(27:01):
while holding a bull It's my point, Richie Barnett's will
us after seven o'clock this morning, all this angst, Why
do we angst so much? Which is not to say
what happened isn't a tragedy, because it is, obviously, But
this has been going on since time immemorial. Every single
one of us has played bull rush. Every single one
of us has run at somebody head down, bum up,

(27:21):
set to go. It's what happens. Doesn't make it right,
doesn't make it smart, doesn't make it clever. It just
doesn't need the endless amount of angst and handringing on
the media from people and organized NGOs and groups and
whoever else. They are looking to ban everything in life.
Five minutes away from seven, all the ins and the ouse.

Speaker 1 (27:41):
It's the fizz with business favor take your business productivity
to the next level.

Speaker 2 (27:46):
Housing news from Brands Brands Builds Insights Dashboard. This is
from the building and construction sector. Eighty six percent of
new homeowners have had to call a trading back to
make some sort of fix. A big reason as to
our new homeowner is satisfied. Actions dropped has gone from
eighty nine percent back in twenty seventeen to eighty one
percent and twenty twenty three, twenty twenty three of the
latest figures we have so eighty nine down to eighty one.

(28:09):
Who are these tradees ay? Who are the useless ones?
Painters chop of the list? Fifty percent of the time
they were called back because ob an install a related defect.
Carpenter's next forty five percent. Forty five percent of carpenters
came back, Plumbers thirty one percent, Electricians twenty nine percent.
Lot of that lot of the electricians are that stuff
that didn't work, Like you put your light switch in.

(28:29):
That was the light switch that was boldly not the electrician.
Concrete layers only twenty three percent of the time. The
plaster was twenty three, the floor is twenty, the roof
for eighteen. Tyler's sixteen the glazy of fourteen. Hard to
get a window wrong, I've said that for years. Very
hard to get a window wrong. But the painting I'm
not impressed with Phil, my painter wouldn't be like that.
Filed been with me for years, never called them back once.

(28:50):
All I ever do is text them and call them,
tell them what a wonderful job he's done. Back in
twenty seventeen, seventy percent of new homeowners said they were
likely to recommend their builder to somebody else. What's that
drop to sixty one seventy down to sixty one thirty
two percent? Now wouldn't even bother that's gone up. Obviously,
consenting the longest time to get a consent. And this

(29:10):
is interesting because we've got a story with us the
construction min it's a Chrispink. Whether shortly this is going
to change. Longest period of time for consenters in the
Wykatto average of nineteen days, Auckland sixteen days, eleven for
christ Church, Cartertan or Buller. This is where you want
to go, Carterton five days on average, or bull of
five days five days. You go in Monday, you're building

(29:31):
by Saturday. That's my kind of area, and you get
to live in Carterton and you get to live in Carterton.
By the way, As I mentioned Chris Pink. So what's
happening today? This could be a game change as far
as I can work out forget the council. This is
a private company that's going to give you consent. It's
applicable nationwide. If you can do it through a private
company backed by the government, Why would you ever go

(29:52):
to the council again? Aren't they good words? Why would
you ever go to the council again?

Speaker 1 (29:58):
The breakfast show kiwis for us to stay in the know,
the Mike hosting Breakfast with a Vida, Retirement, Communities, Life
Your Way News togs.

Speaker 2 (30:07):
Had been seven past seven, so reserved bank day to day.
Of course, given our straightened economic circumstances, we have the
increased level of interest in one cut to the possibility
of more cuts than three. The commentary associated with the cut.
Mike Jones has been zi's chief economists back with us,
Mike morning, mording MI you at twenty five.

Speaker 22 (30:24):
We are We're like, we're in the consensus. We're picking
twenty five and maybe at a small downgrade to the
bank's forecast of where they see the OCO going from here.

Speaker 2 (30:33):
With twenty five more to come, Well, we think.

Speaker 22 (30:37):
We might get two more twenty five point cuts after this,
so that takes the official gest rate down to two
seventy five. But I think for today, it's really going
to be how the bank frames up that outlook. And
what we've seen from central banks globally is that been
pretty reluctant to hate anything too firm about the future
given the environment, Now, how do you.

Speaker 2 (30:56):
Make that call? So new governor temporary, but nevertheless a
new and a new personality does come from a committee.
But given everyone's reluctant to say anything specific, why would
we expect them to.

Speaker 22 (31:10):
I don't think they will, you know, I think it's
probably enough for this meeting to the bank for the
Bank to simply deliver on the guidance that they've been
telling us, which is another twenty five point cut, and
then indicate that the general direction is still lower and
more or less leave it at that. I mean, that
seems to be the playbook off shore, and it allows
them just to take things as they come and turn

(31:31):
up to the next meeting and assess the layer of the
land at that point.

Speaker 2 (31:34):
The shadow board, which I was reading yesterday, everything from
no move at all to twenty five by the bulk
two fifty. If the economists can't agree, how does the
Reserve Bank and how do we know they're right?

Speaker 22 (31:47):
It's a fair question. I think it's probably that that
difference in opinion is indicative of where we are in
the cycle, which is, we're probably getting to the point
or getting to that low point where the bank might
stop cutting for a while, and if they's like the
lay of the land, and at those turning points, you
tend to get a bit more disagreement about what the

(32:07):
path from here will look like. And it just goes
back to what we just talked about, which is, I
think to give firm guidance at this point is difficult,
and that's why the bank probably just refrain from doing
so this afternoon.

Speaker 2 (32:20):
This creeping thing I'm seeing around the world that's applicable
here as well, just a little bit more inflation, bit more,
bit more, bit more. How much does that worry them,
given that's their reason for begging.

Speaker 22 (32:32):
I think it's an annoyance for them. Of course, I
prefer those short term indicators for inflation to flattish or lower,
But I don't think we're at the point where it's
where it's a major worry. We think inflation is still
well contained and likely to stay in that target range
for the rbns, even they're going to be much more

(32:52):
concerned about the medium term inflation trend, which at the
moment is being suppressed by by pretty weak growth here
and the flow down we're seeing offshore and global growth.

Speaker 2 (33:02):
What about the funk that we're in from the political
side of this, and it cuts good because your mortgage
goes down and I go spend some money and we
all get back to Christmas time.

Speaker 23 (33:10):
The role of that, the confidence impact, Yeah, yeah, I
mean that's a big part of part of it, I think,
And that's why I think perhaps the bank today, the
Reserve Bank, can be seen as providing a little bit
of certainty in in otherwise extremely uncertain world by as

(33:31):
we talked about doing or fulfilling the forward guidance cutting,
saying they're going to cut again.

Speaker 22 (33:37):
I think that's providing borrowers and lenders alike with a
bit more confidence than they might have otherwise said.

Speaker 2 (33:44):
Right, we'll be watching with a great deal of interest.
Might appreciate it. Mike Jones, B and Z Chief Economists,
this morning, eleven past seven. More moving into the construction sector.
This is interesting. We're going to have our first independent
residential building Consent authority. It's private, yes, but it's backed
by the government. And mb it unless you building consents
within ten working days. Chris Pink is the building Construction
Minister and he's with us morning. What do you Mike,

(34:05):
So when it says eligible residential projects, what's that mean?

Speaker 15 (34:09):
Yeah, I mean there's some technical categories, but basically it's
most of the residential work that would be done by
anyone who at the moment would go to their local council.
They'll be able to rock up and talk to these
guys instead and get the consent that they need.

Speaker 2 (34:21):
So this is one officer as well as at scale projects. Yeah, correct,
that's right. Does this use surp a council completely?

Speaker 15 (34:30):
Well, it will in the case of people who go
to this new building consider authority, it will. Yes, it'll
be in place of but having said that, the councils
themselves will remain in place, So people who want to
go along to their local council will still be able
to do that if they choose.

Speaker 2 (34:45):
Having gone to a local council relatively recently, why would
I go ever again to a local council if what
you're suggesting is going to improve things?

Speaker 15 (34:54):
Yeah, well, I think these guys will offer another option
and in fact providing a bit of competition. The discipline
of that is actually going to be helpful for the
system overall. Initially they will be small enough. I suppose
that they won't be able to take on all the
work of the work the council does currently now all
around New Zealand, so they may be able to scale up.

(35:14):
It'll be interesting to see what the appetite is out there,
given that a number of people in some parts of
New Zealand will have had a negative experience and be
keen to give.

Speaker 3 (35:21):
It a go.

Speaker 2 (35:21):
Exactly what's this really all about. Is this just about
improving speed, in other words, getting it done in ten
working days or is it about doing something uniform around
the country and not mucking around with individual rules and
regulations depending on what part of the country you live
in and what council you're under.

Speaker 14 (35:37):
Yeah, it's a bit of both.

Speaker 15 (35:38):
Actually, it's an important point that you make around the consistency.
So for those who are building at scale or even
a few projects but across different council boundaries, one of
the common complaints that I hear is that they have
different interpretation of the building Code according to which council
they're dealing with. So by definition, if you're dealing with
only one building can send authorities such as this new outfit,

(36:00):
you know you'll have that consistency regardless of where you
are doing that work.

Speaker 6 (36:03):
It.

Speaker 15 (36:03):
As for timing, yeah, I mean the speed of operation
is going to be really important. So it'll be fascinating
to see how these guys managed to work against that
statutory time frame of keen working days.

Speaker 2 (36:15):
How do you see this unfolding? Does this company scale
or do a whole bunch of companies broadly doing the
same thing then pop up? In other words, your usurping
councils and councils are no longer needed for this sort
of work.

Speaker 15 (36:28):
Yeah, well, we're in a stage of evolution, to be honest,
and if other private outfits want to put their hand up,
they'll need to meet the pretty high bar of having
what we call adequate means in other words, you know,
deep enough pockets to meet any liability that might arise,
and including by way of insurance and so on. But
we're already looking at a couple of other innovations. One
is to allow councils already existing at a district or

(36:51):
city level to consolidate their functions at a regional level,
and another one is looking at that question of liability
out of fairness to councils who have a lot of
ability as the last person standing, so are we're looking
to potentially move away from that too, which will help.

Speaker 2 (37:06):
This seems like a game changer if it works.

Speaker 1 (37:09):
Yeah, I'm really excited about its potential to be asked.

Speaker 15 (37:11):
I'll be watching closely how they perform, how they operate,
how the market responds. I think there'll be a lot
of people who would be keen to see if they
do represent a game changer for what it means for
them getting consents and inspections conducted quickly. So watch the space.

Speaker 2 (37:26):
Yeah, it's interesting, all right, Go well. Chris Panker's the
construction Minister. Very pleased to see Police Commissioner Chambers yesterday
sorting things out on that robbery thing. Obviously. Mitchell appears
after eight fourteen past the.

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

Speaker 3 (37:42):
That'd be.

Speaker 2 (37:44):
This economic boom we seem to be having this expert
lead recovery at the moment. More stats on this this morning.
Trade Minister Tom McLay with a shortly seventeen past seven,
So the run it's straight Phenomenon's producers for his tragedy.
It was a copycat type event Sunday Palmerston North. Of course,
nineteen year old Ryan Satisfait suffered to traumatic brain injury
died as a result. So what to do with anything
about this? Richie Barnett, of course, former Keywis League captains

(38:06):
back with this morning.

Speaker 6 (38:07):
Good morning mate.

Speaker 2 (38:07):
Obviously this is a tragedy, but I am always very
wary of grabbing headlines and people going nuts. Is this
any different to what you and I did as kids?
It's bull rush's it's lack of front courtal development, it's
boys being boys, and what do we do about it?
Why is it different now?

Speaker 6 (38:26):
Yeah, I guess it's been. I guess with the media
the way it is now, I think it's highlighting certain
things that we've never seen before. And this is no
different to what we've done when we're young. And you know,
sport is risky, sport and activities that were seen today
in the world that.

Speaker 22 (38:43):
We live in.

Speaker 6 (38:44):
There are so many other sports and activities that were
seen in today's world that are so much more dangerous
than what we've seen today. But it's a tragedy and
respect goes out to the family.

Speaker 2 (38:54):
Of course, before this tragedy happened, when you looked at
Run It Straight, did you form an opinion on it
in any way, shape or form.

Speaker 6 (39:02):
Oh oh, and you've got to be nuts to be fair.
I yeah, I mean, I mean, I'm a I get it,
and there is some some safety around it with what
they're doing currently in an enclosed environment, but you know,
it's still head trauma. It's still it's still got risk
written all over it. And unfortunately for me, I've I've

(39:24):
had a number of friends who have passed away with
CTE Paul green back in the day, motor and neuron
as well as I've had two players that have passed
away with motor neurons. So you know, it sort of
sits close to my heart as well. So I'm I'm
one that's a few concussions as well, so I'm mindful
of it.

Speaker 2 (39:43):
Well, that's the do you think things that see I'm
watching Fisher Harris. When you go see Fisher Harris coming
at your full tit or Bunty are fower? I mean,
that's league. All that Run Straight is is just an
organized form of what happens on a league or a
rugby field on any given Saturday or Sunday, isn't it.

Speaker 6 (39:58):
Yeah, it's minimized, it is, and it's controlled and they
show them the technique and you're running straight, so it's
but it's still the impact, but it is controlled, so
you can then line up and you don't have any
issue with putting your head in the wrong space, although
it can happen. So yeah, but it's still impact. It's
not concussions that are the problem. It's actually the impact

(40:20):
on your brain. And you don't have to have a
concussion to have brain bleed.

Speaker 2 (40:25):
No, do we need to change things? Are things changing
or is this just a discussion that will lead nowhere
and things will continue the way they do.

Speaker 6 (40:34):
I think it's just going to continue on. There's not
much it's going to happen. They're in the rules of
they're lining and the rules of play. There's many other
things that are more dangerous than that. You know, base
jumping to riding horses, to bike riding, you name it.
There is so many more dangerous sports out there that

(40:56):
don't get the the highlight at the moment because of
it that's happened unfortunately.

Speaker 2 (41:01):
Richie appreciate it. Richie Barnett, former league great of course,
have a coffee update for you shortly seven twenty.

Speaker 1 (41:08):
The Mic Asking Breakfast Full Show podcast on iHeartRadio, Power
It by News Talks Evy.

Speaker 2 (41:16):
Now, if you've been waiting for the right time to
stock up on the old favorite skincare big brands, the
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Price is on your favorite big brand skincare who we
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(41:38):
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(41:58):
this is the sale you've been waiting for. You better
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in these great Chemist Warehouse may have megasale offers got
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paying too much tasking with Chemist Warehouse seven twenty four
our small coffee update. This is important because large swathes
of this country are interested in coffee. It is widely

(42:20):
accepted that we have in this country a strong coffee culture,
although having said that, two thirds still drink instant coffee,
which of course has nothing to do with culture, but
that's just me being a snob. Before the latest round
of price increases, Instant, as we learn from the Consumer
Price Index the other day, stood at an average of
eight dollars twenty one foe hundred grams, which is about
twenty dollars for two hundred and fifty gram bag. Two
hundred and fifty grand bags are generally what you buy

(42:42):
beans with to what they come in two hundred fifty grams,
so instant seemed like a ripoff given it's an inferior product.
But until recently at our house we paid you. Ready,
we paid eleven dollars fifty for two hundred and fifty
grams so instance, at twenty we're paying eleven fifty so
compared to instant, what a bargain As of the weekend,
though very bad news twenty four dollars, so from eleven

(43:03):
fifty to twenty four. Now the twenty four does include
a little bit of postage, but it's still a remarkable increase,
but an increase we can see transparently, and this is
my defense of it. We all know about the supply
and demand issues. They're real globally all over the world.
This is a problem. Enter yesterday El Brown chef L Brown.
I like El but one thing L has done over
the years is serve filter coffee in his restaurants, Americano style,

(43:28):
big jug filter machine bollocks coffee. His argument it's more affordable,
which of course is true, but then it's bollocks. More
things generally that are bollocks are cheap. Fascinating thing for
me is our relationship between price and desire. Some things
subconsciously we will at a certain point borcat, won't we

(43:49):
pira jens a holiday, hotel room, new phone. We have
a price, we've got a budget, we've got a vibe.
But on coffee, you know what I don't think we
do well. Most of us won't. We might cut from
say two cups a day to one. But addiction, which
is what it is. Let's be frank and passion and
small luxury syndrome. That's real. It's amazing what you can

(44:09):
justify when you need to coffees like the Japanese and wine.
They've got a tradition of drinking what that they get
drinking up, in other words, getting better and better, more
and more quality coffees like that. Once you've gone to
the larch in balley and had a fern or a
heart stirred into your milk, you can never go back
to ol Andor's filter. I don't think there is a
price I would quit at at twenty four dollars a bag.

(44:31):
And here's the mass I do to justify at twenty
four dollars a bag, even with postage, getting ten cups
a bag, that's two dollars forty and that is still
a margin. I hate to say it, but you're wrong.
Bull Rush is a game of evasion. Run it. There
is no intempt to evade al You clearly never played
bull rush atlan Went High, me and my mates. There

(44:52):
was no attempt at evasion. Well, I was because I
was tiny. I tried to evade everything. But my mates,
many of them came from the islands, and they were
going straight through and there was no stopping them. And
that was the way you played Bullrush straight through point
A two point b in the shortest possible distance. Morning Mike,
I think Jim Bolge has lost the plot on his
latest media release. To be fair to Jim, it's not

(45:14):
a media release, it's an interview. He's marking his ninetieth
birthday this coming weekend. He has some interesting things to
say in an old person curmudgeonly type fashion, but probably
worth reading. If you can be bothered in the Herald this.

Speaker 1 (45:27):
Morning, your source of freaking news, challenging opinion and honored backs.
The Mike Hosking breakfast with the range Rover villa designed
to intrigue. Can use Tod's dead b Well, it's.

Speaker 2 (45:40):
Wednesday, Mark literally, Jinny Anderson with us twenty three minutes
away from mates. If there has been a bright spot
in our economy, it's come from the land of course.
Derry's booming. The season wrapping up literally as we speak,
with record crisis April stats out This Morning Show we've
got an additional one point one billion in red meat exports.
The big question is is there more Where that came
from Tomclas of course the Minister of Ating the Culture

(46:01):
Endflade and as well as very good morning to you.

Speaker 20 (46:04):
Good morning mate.

Speaker 2 (46:05):
There's a reporter out this morning KPMG there Agribusiness Agenda.
It says this, we can no longer rely on the
usual international customers. We need to look for new markets.

Speaker 20 (46:16):
Are we well, we are looking at They're right, although
I think we can rely upon those markets. But we're
going to keep looking for more and keep growing the
value of what we're exporting. The reason you've seen us
do those two great trade deals in the midlease last
year and launched with India. So we're going to keep
looking for that. But that growth in the primary sector
four and a half billion more and dairy one point

(46:38):
two billion more. In red and meat, we've seen Zespriate
hit five billion dollars exports for the first time ever
this year. Look, there's growth across the board. That's because
the New Zealand farmers produced the highest quality, safest food
of the world and consumers are after that. And so
we're out in the world stage, hustling and looking for
every opportunity.

Speaker 2 (46:57):
You mentioned India, where are we at that?

Speaker 20 (46:59):
What is surely happened, So a lot of exchanges of texts.
The first full round of negotiations took place in India
a couple of weeks ago. Heavy going, but there was
progress made. I'm on a plane over the weekend and
we'll be meeting with my counterpart from India in Paris
at the OECD just to make sure we're moving the

(47:19):
right direction and for both sides to give a signal
to our negotiators go faster. So we're making progress but
going to be hard work.

Speaker 2 (47:26):
How much government is in this sort of conversation, as
much as you'd like to participate. So when you're selling
the bolt dairy products, whether you're selling the zespri, when
you're selling the wine, how much of that overall success
and equation is what the government did or does do well.

Speaker 20 (47:43):
I think in as far as if you think about
the European Union of the UK, we've seen significant growth
in that market, so billion dollars extra exports to the
EU over the last year since the FDA came into place.
So governments play the role. And as far as we
negotiate deals with our negotiators, which gives Q we explore
as a level playing for at field or an advantage.

(48:03):
And then going to make sure the regulations in New
Zealand not just piling costs. You think about farmers, right,
there were twenty one extra RULs and regulations put on
farmers over the six years of labor which just piled
cost on them and made them less competitive. We've been
taking those away, fixing them, you know, making sure they
work and just don't add cost to the farm gate
so that the farmers can be going better and faster,

(48:24):
producing more that the world wants. So we're going to
remain competitive both in New Zealand but open up those
doors overseas.

Speaker 2 (48:30):
A couple of other things out of as KPMG report,
biosecurity the top of the must do list. Are we
on top of biosecurity or not?

Speaker 1 (48:36):
Yes?

Speaker 20 (48:36):
But always more to do. Andrew Hugad and I focus
on this all the time. Probably if there's one thing
that keeps me awake at night, it is something getting
over the border. And so I'm just going to make
sure we have the very best people with the resources
they need. Although we've been having to look at waste
for spending. We're actually putting a bit more into biosecurity
and no cuts at all to the front line and

(48:57):
frontline services. But that's the number one thing we need
to focus on. The reason for that is it's our reputation.
You know, if we get pest disease and here, then
that reputation for high quality, safe food starts to be
hit around the world.

Speaker 2 (49:09):
The other thing, they say, maintain migration settings. We need
to grow a skilled labor force locally rather than relying
on migrant labor fare.

Speaker 7 (49:16):
And if so, well, I think it's both of those things,
isn't it.

Speaker 20 (49:20):
We need New Zealanders to be doing the jobs and
be trained into those areas. But because we know there's
a great big backlog in that, and you know, think
about a truck driver taking something to report great big truck.
It takes years and years to get that experience. So
in the meantime, we do need labor from around the
world to make sure that our businesses can function. So
I think it's both those things.

Speaker 2 (49:41):
Okay. Another reporter read yesterday came from Lincoln University said
a couple of really interesting things we could earn another
ten billion over five to seven years through better land use,
integrating horticulture into traditional pastoral systems, developing on farm processing
to capture more value locally Mariagra business, high value niche products,
Manuka honey, native by tentacles, et cetera. Are we on

(50:01):
top of that?

Speaker 10 (50:03):
So?

Speaker 20 (50:03):
I agree completely with that. We have had rules of
place in New Zealand for such a long time that
says you can't do things with your own land even
if there's a better or improved environmental or climate change
outcome or footprint. I'm having a really good look at
that and won't announce with me now, but give me
another month or so we'll be talking about a lot.
What we should be doing is saying to farmers, we're

(50:23):
back here. We trust you. If you can show in
the same or improved environmental footprint on your land, go
for it. Get greater value of that land, including where
you want to do more processing right there?

Speaker 2 (50:35):
What about the budget and the depreciation is that boom times?
Are people actually going to pull the trigger or we
still don't know?

Speaker 20 (50:42):
I am hearing from around rural New Zealand, but more
than that from processes from the the wood processing industry
that as a result of this additional depreciation on day one,
that they aren't going to pull the trigger and start
spending money, many of them wanting to do things and
holding back. But think of it this way goes out
and buys a tractor worth one hundred thousand dollars. There's

(51:03):
nine thousand dollars in tax saving just from that purchase
from nicol Lewis's new policy. Guess what he's going to do.
He's not going to save and he's going to recycle
that and spend that nine that nine thousand dollars somewhere
else in the economy that supports the jobs and grows
other businesses. So I think the field days will be
unbelievably good this year.

Speaker 2 (51:22):
Good stuff always good to talk Minister of Agriculture and
try Todd McLeod's good portfolio to have at the moment,
isn't eighteen minutes away from eight enough? Actually, on Clarkson's farms,
I went and looked up tractors yesterday because on Clarkson's
farm I was watching he's getting in It was getting
or is getting a new tractor and he had some
big boys come in and they were in Britain two
hundred and twenty two hundred and thirty two hundred and

(51:43):
forty thousand pounds pounds, so half a million dollars for
a big tractor. And I'm thinking, is that possible? Anyway,
I'm looking them up here, I can find anything much
more than two hundred thousand dollars. So is tractoring expensive
in Britain for some reason and cheaper here? Or was
I just looking at the wrong tractors? By the way,
in New Zealand, I mentioned aviation a couple of times

(52:04):
this week and things are starting to move around the place.
In New Zealand announced yesterday Hamilton to christ Church. As
of the middle of September, they're bringing the domestic jet
services back for the first time in twenty five years.
Can you believe that? Because, as you'll be well aware
of you've ever left Hamilton, it's an ATR, it's a turboprop,
it's propellers, which should be banned. To be fair, I mean,

(52:25):
in twenty twenty five you should not be on something
with a propeller unless it's your own plane. If you've
got a little Cessna or something fantastic, have a good time.
But in twenty twenty five, you should not be involving
yourself with anything that has a propeller anyway. So they're
bringing the jets back for the first time in twenty
five years. Hamilton christ Church, they say, is one of
the strongest, fastest growing regional routes. So that's encouraging. Sixteen

(52:48):
two good.

Speaker 1 (52:50):
The Mic Asking Breakfast Full Show podcast on iHeartRadio now
ad By News talks.

Speaker 2 (52:55):
That'd be thirteen to Mike. Rule of thumb buying a
tractor a cave per hp or horsepower every tractor on
a farm for a dairy B one hundred and fifty
break horsepower contracting two hundred and forty plus. That makes sense.
Another of you're saying you get three four hundred thousand
dollars tractor. I'm assuming that's true because I couldn't work
out why it would be cheaper here than it is
in Britain. Mike, I'm shopping for tractors at the moment.

(53:16):
When you're getting into the one eighty plus horsepower range,
you're over two hundred for the base model. For a
large around two hundred plus horsepower, John Doer, you're starting
at about four hundred thousand dollars. Mind, you'll last forever,
doesn't it. Essentially, it's not like a car or anything, Mike,
coffee is coffee is coffee, No difference between incidant or
beans or plunger or filter.

Speaker 12 (53:34):
You realize that your whole price arguments completely flawed.

Speaker 14 (53:38):
Don't you do it?

Speaker 11 (53:39):
Well?

Speaker 2 (53:39):
Of course I do right. But it's about It's about emotion,
is what I'm trying to explain to you.

Speaker 12 (53:44):
I'm just worried that you thought that a spoonful of
instant coffee. It's I've done the same amount of coffee
as a spoonful of coffee.

Speaker 2 (53:50):
I would argue that you would get what would you
get out of a jar of instant coffee?

Speaker 14 (53:54):
Twenty oh way more?

Speaker 2 (53:57):
Yeah, but you're waking weak coffee. You're the sort of
person who would make I would nana coffee.

Speaker 12 (54:02):
I see, I don't. I don't do a spoonful of
coffee in the morning. I dip my mug.

Speaker 2 (54:06):
Yeah, but I reckon you do three or four I
reckon you do three or four spoons. Yeah, be three
or four spoons.

Speaker 12 (54:11):
But that still is not that weighs less than one
spoonful of coffee beans.

Speaker 2 (54:17):
I'd do you reckon people, the people this morning out
of Australia's no reason to believe this isn't applicable here
only seven percent to seven percent seven of gin zas.
So that's yeah, But I don't know. You're twenty year
olds and eight percent of speaking of twenty year old's
our oldest eldest Jackson's twenty six today, parent of a
twenty six year old. How depressing is that? So depressing? Well,

(54:37):
not depressing because he's cool, but it's still numerical.

Speaker 14 (54:40):
Least he's not living in your house anymore.

Speaker 2 (54:42):
You're certainly not living in the house. And and can
I just say, can I just say for all your parents?
I have to come back to that. So because I've
got a thought, can I just say, for all the
parents to come up to me on a constant base,
Are they bounce back?

Speaker 13 (54:54):
No?

Speaker 2 (54:54):
They don't, not if you don't let them. Are they
bounced back? Not if you don't let them. Of the
four that have left, one's too young to leave. I
mean not according to me, but according to others in
the house, she is. Those she had left, well, she's
you know, it's it's a moving feast anyway. Of the
four who's left, who have left, no one's come back
and from this.

Speaker 14 (55:14):
Obviously we're just finding out that one has bounced back.

Speaker 2 (55:17):
Let me just say, let me just say, and they
never will. And they never will. So when you say
I was coming back, no, they don't. Not if you
don't want them to tend away from eight the.

Speaker 1 (55:28):
Mike Hosking breakfast with Bailey's Real Estate News Dogs, they'd
be sorry.

Speaker 2 (55:35):
The twenty four dollars for the coffee does not include postage,
so we're paying twenty four. Also, when I said we
have oat milk in our house, we don't. That's full
of crap. So I don't know what we have. We
have some other whifs. What would it be? Would it
be soy milk.

Speaker 14 (55:49):
I don't believe anything you say anymore.

Speaker 2 (55:51):
So I don't either. I find it better that way.
It's more fun. Seven Away from a Catnip. It's the
next big thing for our export industry. Apparently first catnet
based wine taps into a growing trend for the human
afication humanification of pet diet. Apparently it's backing from the
New Zealand Trading Enterprise to go global. Apparently John Roberts

(56:12):
is the director of Muttley's Estate and he's doing all
of this, and he's well, this John, very good morning
to you.

Speaker 24 (56:17):
Good morning.

Speaker 2 (56:17):
I've looked at your website. Looks quite cool. Cat nip itself.
How widespread, how commercially used is it, whether in wine
or not?

Speaker 24 (56:27):
Commercially not very at the moment. We're trying to grow
that market segment. It's a relatively easy crop to grow.

Speaker 2 (56:35):
Okay. So you take a bottle of this and your
your marketing is quite clever by the way, per no
et cetera. And you put what a little bit in
the food or they drink it straight the cattle the dog.

Speaker 24 (56:46):
They drink it straight out of the bottle.

Speaker 2 (56:48):
It's a RTD wow and they And can you tell
whether when you say they, you know, sort of distresses
them or can you tell that for.

Speaker 1 (56:54):
Sure or yeah, definitely you can.

Speaker 24 (56:58):
With dogs, especially especially older dogs or dogs around fireworks,
it really does seem to calm them down when you
put it in the bowl. They just jumped straight at it.
During one of our tasting events in Herne Bay and
also lloyd Alsmore in East Auckland, the dogs ended up
actually rolling around in the bowl of the cabinet try

(57:20):
and get it on their skin.

Speaker 2 (57:21):
Okay, and shelf stable seems to be the key. You've
made the stuff shelf stable? How have you done that?
Is that complex?

Speaker 24 (57:28):
Yeah, it took quite a bit of R and D
to get some of the earlier batches We needed to
have a little play around with, but yeah, we finally
managed to figure it out.

Speaker 2 (57:36):
Wow, And so you've got the market is sort of
to yourself at the moment. What's the plan for the upscale?

Speaker 24 (57:44):
Same for the upscale is exporting at the moment. We've
only been around for a short while, getting good support
locally vet clinics, pet retailers, that sort of thing. But
we are targeting the US and the Australian markets.

Speaker 2 (57:58):
And what sort of growth do you see? Or you
just wouldn't dip your toe in and see what happens.

Speaker 24 (58:04):
Growth in terms of the actual markets themselves is growing
quite rapidly. I think it's a five point seven percent
projected growth in the pet tree market in New Zealand
going forward. Yes, but the global pet tree market is
just massive.

Speaker 2 (58:21):
People are mental, I mean, what were Anyone who's got
a pet goes mental? Don't they? There's no amount of
money you are not prepared to spend on your pet yeah.

Speaker 24 (58:30):
I mean even in America they've got designer dog clothes
like Hugo Boss hoodies.

Speaker 2 (58:35):
Yeah, what's wrong with that. I've got one of those. No,
I'm kidding, I haven't got one of those. Exactly do
you come from catnip? From pet food? How do you
get into this?

Speaker 24 (58:44):
My family in vetery pharmaceuticals, so we've had a veterary
pharmaceutical company founded by my grandfather for a number of years.

Speaker 2 (58:51):
There you go, well, congratulations on it. I hope it
goes extremely well for you and we'll stay in touch
and chart your journey. John Roberts's, director of Muttley's Estate.
Have a look at their website. It's it's quite cool
if you're into the cat nap. That's the other thing
along with coffee, isn't it. Once you get a pet.
Samy's got a pet house. Day three of the pet
By the ways, that day three of the pet day one, unfortunately,

(59:12):
doggy did the poopoos inside, I.

Speaker 14 (59:15):
Said, sons standard.

Speaker 2 (59:17):
Yeah, at least the doggie didn't do the poo poos
inside on the dining table, because there isn't one.

Speaker 14 (59:24):
Just a couple of corrections.

Speaker 12 (59:25):
By the way, Yes, I've heard it from my informant
that all your kids have left home.

Speaker 14 (59:31):
Yes, and it's soy protein plus milk.

Speaker 2 (59:35):
Soy protein I knew.

Speaker 12 (59:36):
Apparently that's the only one that doesn't have added oils
and fillers.

Speaker 2 (59:41):
Very good points. Quote crap, Yeah, that's that's what the
texts were saying earlier. And I couldn't work out whether
texts were right or my wife was right. My wife
was right all along, of course obviously, Well when isn't
she That is correct and they have all lost left home.
So that's five out of five. I come on, go
the good parenting use for you in a couple of moments.
Then politics Wednesday.

Speaker 1 (01:00:03):
The news and the news makers, the mic asking breakfast
with Bailey's real estate, your local experts across residential, commercial
and rural news talks dead be.

Speaker 8 (01:00:17):
People just get.

Speaker 2 (01:00:19):
Maybe we are to talk about a gun going on.
Everybody knows a better way. Everyone said taj Mahal as
tang Mahal wasn't as opposed to kiv Mo. This is
kim Mo and taj Mahal taj Mo. They did tam

(01:00:39):
back in twenty seventeen, and they toured the world with it,
and they thought this is cooled, that's one off, did
it dusted done? And then somebody went, oh that was
really cooled. Maybe you know, hey, could you do some more?
And they think, oh, we did so for a couple
of weeks they got together in a Nashville studio and
they produced this, which is called Room on the portas everywhere.

Speaker 8 (01:01:03):
It's a bum on my fit.

Speaker 2 (01:01:07):
It's a little bit disappointing because there's only ten tracks,
seven originals, three covers, but it's forty three minutes and
forty five seconds worth of taj Mahal and kebmo or
taj Ma. It is eight minutes lass day on the
My Costing Breakfast with Jinny Anderson and Mark Mitchell for

(01:01:29):
Politics Wednesday. Good morning to you both.

Speaker 11 (01:01:31):
Good morning Mike, morning Jilly.

Speaker 2 (01:01:33):
Now a broad subject that you both will have dealt
within your ministerial roles over the time. Now, Mark, you
weren't on this program yesterday when there I suggest you
needed to be, when all of this, this this retail
crime stuff was breaking and there were memos flying all
over the place and the police weren't looking at small
time crime anymore. And we rang your office and we
were told Mark's not doing any more. Interviews on the subject. Now,

(01:01:53):
what one, What the hell does that mean? And where
were you and why aren't you more accountable on this
stuff given you you hung your hat on crime and
getting it down.

Speaker 11 (01:02:02):
Well, I didn't. I didn't. I didn't have visibility on there.
If I knew that you wanted to come on the
show would have come immediately. I was on with Kerry,
I was on with Heather so Ill.

Speaker 8 (01:02:11):
Office.

Speaker 2 (01:02:11):
That's blocking you because this is bollocks, because we're having
the same and I won't bore you guys with it,
but I'll do it after eight thirty. We're having the
same problem with the Prime Minister at the moment, and
this all these little people running around an office.

Speaker 11 (01:02:22):
Ag.

Speaker 2 (01:02:23):
I'm sorry the monuster is not available at that time.
The day, I think tells that about Well.

Speaker 11 (01:02:27):
The only the only thing that I can put it
down to is because all the media requests I got
you today, I went on. I wasn't aware of this one.
But maybe there's a decision made because I was meeting
with all my local Saint John's leadership, and it's possible
that I depend on what time you asked, that I
was in a meeting with them, because I did meet
and spend the morning with them yesterday.

Speaker 2 (01:02:44):
Yeah, but here's my thing and what we always say,
and we're doing this with the Prime Minister at the moment.
I'm here at three in the morning, available anytime. You're like, mate,
we'll pre record it from three in the morning. And
you can't tell me there's a single minister in any government,
anyone in the world you know, is not available or
busy at three o'clock in the morning. So there's something
going on with your calm and government. And for you,
this doesn't look good because we had to explain you
weren't doing interviews and you weren't available and on a

(01:03:07):
subject that's that's critical for you.

Speaker 11 (01:03:10):
Look, I agree with you entirely, and I have to
say that my entire time as Police Minister, I don't
I think I've missed maybe one or two interviews because
I've been tied up or been traveling. I do every
media request I get I front up to because I
think part of democracy we need to do that. I
don't know what happened yesterday. I apologize for that.

Speaker 2 (01:03:26):
I haven't done apologies and I don't want I don't
want to make this about me and it's like, I'm
so important, you must front up. All I'm saying is
from your you guys point of view, and you would
understand this journey when you've said what you've said about
retail crime and what was unfolding yesterday. You need to
be front and center on that, don't you.

Speaker 11 (01:03:46):
Yeah. I think that I think she might have. I
think you chowing cheeks, might have hit the rob button again.

Speaker 1 (01:03:51):
But look, no, I'm here.

Speaker 13 (01:03:52):
I'm here, and I thought it was he was acting
you thought, not me.

Speaker 11 (01:03:55):
No, I just I just say my I agree with you.
You do have to front up. Did I did front
up to all the media. I don't know what happened
with yours. I'll go back and find out. You've got
my number? You text me.

Speaker 2 (01:04:06):
No, that's that's for another day. I guess, Ginny, do
you have any sympathy on this? I mean, more importantly,
I suppose is by the time Chambers fronted up yesterday,
we seem to have an answer or are you not
convinced with the answer.

Speaker 13 (01:04:20):
I'm not convinced with the answer. The person whose response
was a superintendent that's very high up in police. So
even Sunny Kushol, whose Mark's head of Retail Crime group
is skeptical about what the order is for it to
be that high up the chain and a MIMO given
out as indicative that there is real pressure on the
front line to be able to investigate these crimes.

Speaker 2 (01:04:40):
Yeah, But having said, do we get an answer mark
because the words were there in a memo and that
doesn't seem to doubtail with what you promised the people
of this country poorlywooded memo.

Speaker 11 (01:04:54):
Both both myself and the Commission have been very clear
about that. We've also been very clear that no, there
are no three sholds that if a member of the
public reports a crime, regardless of the value of it,
there'll be a police response. Now, they've always had to trios,
they've always had to prioritize because there is only so
many frontline police officers and they have to work out
and prioritize around the serious of the job. There's risks

(01:05:17):
to someone's you know, there's risk of harm. So that's
always happened. But we've been very clear that there's no
three sholds. The police are doing an outstanding job and
they make no mistake. We had a big mountain to
climb as an incoming government we've been focused on retail
violent retail crime. We've seen some good success there, but
we're also focusing on the nonviolent retail crime that can't

(01:05:38):
be solved entirely by itself by police. We're working with
the stakeholders with the retail sector. We're doing some really
good work around there. Sonny Kelshall and his group being
forward some very very good advice around additional powers and
things that we can do to help them, facial recognition,
food stuffs around an outstanding trial on that that's been

(01:05:58):
very successful. So there's lots of things that are happening
in that space to make sure that we're a safer
country and that retail employees can go to their workplace
and not feel threatened.

Speaker 2 (01:06:06):
All right, give you, give you a craicking enviment, Junny,
just two seconds. Do that, and I'm want to talk
to you about private health as well.

Speaker 1 (01:06:11):
Thirteen past eight, the Mike Hosking Breakfast Full Show podcast
on iHeartRadio, car It Bay News talks.

Speaker 2 (01:06:19):
It be new Stalks that be called a bus stay
Junny Anderson, Mark Mitellwright, Ginny your comment, I.

Speaker 13 (01:06:25):
Was just interested to know why the memo was written
in the first place. It's superintendent within police with very
specific amounts of money that have been obviously talked about
and decided. That doesn't just materialize that a thinny. I mean,
where did that come from and why did it occur?

Speaker 11 (01:06:43):
Well, I mean the simple answer there is that you've
got to like all of our police officers, including the police,
our senior police leadership, they try to do the best
that they can. They're trying to provide the best possible
service to the public, and of course they have to
be able to manage resources properly. The problem with that
and Memos agrees that it was poorly worded and it
left the impression that there's going to be thresholds around

(01:07:04):
response by police and both myself.

Speaker 2 (01:07:07):
That's a question though Mark from Jim, why put a
number on it, because all it does, I suspect, unfortunately,
is confirm what most people would believe, rightly or wrongly,
that if it's not worth much value, you're never going
to see the cops.

Speaker 13 (01:07:18):
And people know that already, right, people know that under
a certain amount it is really hard to get placed
to turn that. So, I mean, I don't accept the
word it was poorly worded. It's pretty clear what it said.

Speaker 11 (01:07:28):
That's nothing new, and as the incoming policemannister, that had
been happening under the previous government. Quite simply, what we're
trying to do is we're trying to free up those resources.
We've got the police head a sixty percent increase in
attaining mental health callouts. Many of those they don't need
to be at it, and there's a proper health response
to them. So time we've freeing up resource so they
can actually get to these events.

Speaker 2 (01:07:49):
Genny, let me ask you this, and it seems to
be perpetrated by you guys, and as far as I
can work out radio in New Zealand, but this obsession
you guys have with having elective operations in private hospitals,
what's wrong with that?

Speaker 13 (01:08:02):
That's one of the blue.

Speaker 2 (01:08:03):
Well you guys on and on and on about it.
Suddenly you know, elective elective surgery because the public health
system is the way it is, and because you should
have staff, and because you can't get so you're sending
some stuff out to private hospitals. Elective operations are being
done in private hospitals, and all of a sudden, all
hell's breaking list because there's something wrong with that. I
just can't for the life.

Speaker 13 (01:08:22):
It was the problem. The problem I understand is what
happened under the last National government is when they put
in these goals of how many elective surgeries they need
to meet. One of them, for example, is cataracts, which
is really easy to do. It's a quick one, so
you can show very quickly that you get high numbers
because it doesn't specify which what is the electrove surgery.
So under the last National government we saw that being

(01:08:45):
used to tick the box for reducing waitlists for elective surgeries.
Majority of those were cataracts, which let me finish. Let
me finish, because cataracts, because it's not knees or hips
and they're the main things.

Speaker 2 (01:08:58):
But that's sort of the subjects as well. If somebody
is used for performing operations and they're reducing waiting lists
and people are getting what they want, who what it
is or where it's.

Speaker 13 (01:09:12):
Done, No, it's not because it's other things. Cate Acts
are not important as knees and HAPs witch are mobility
and quality of life.

Speaker 2 (01:09:19):
Who says we.

Speaker 13 (01:09:21):
Who are waiting three years for a knee or hip operation.

Speaker 11 (01:09:24):
We see targets and you bolish them. So we do
set targets because we think that we should be targets
driving because I think because I think when you set targets,
it does drive outcomes and it provides accountability. You scraped
all the targets. We've put targets back in place. I
think that's a good thing. I've done that with law
and or as well. But the reality of it is
the labor governments. It's a philosophical thing, right. It's the

(01:09:44):
same with their education system. They want us to be
like the Soviet They want to they want us to
be like a Soviet term everything Besides your.

Speaker 2 (01:09:54):
Question, though, Jenny, do you as as as an individual,
just doesn't it is that do you care if you
get your knee operation in a private hospital or a
public hospital? Do you care?

Speaker 13 (01:10:04):
At the point is, though, Mike, is that what is
the quality of the public system, and if it's used
to erode the quality of service in our hospitals, which
we see we don't have doctors, we don't have newses
we need to invest war into.

Speaker 2 (01:10:19):
In the meantime, this is all I'm trying to get
to the bottom. In the meantime, if I get rung
up and saying, Mike, your knee operations next Tuesday at
a private facility. Who cares.

Speaker 13 (01:10:29):
It really depends on what the operation is and whether
it's helping the wait list and if it If it is,
I see in the heart. I see in the heart
people with needs services.

Speaker 11 (01:10:40):
Like private medical provisions.

Speaker 13 (01:10:43):
Because it's used to fudge the books.

Speaker 11 (01:10:45):
It's a socialist view of the world. More people depending
on the government, keep everything the same, embrace mediocrity, don't
sit targets, and that's what under social sciedments, that's what
happens that you drive towards mediocrity. So I know that, Mike,
I've got Norcial Hospital as my local hospital for my electorate,
and I want to do a shout out to them

(01:11:06):
because I know that health is in the media a lot.
I get that, but the staff and there are quite
simply outstanding. And the feedback that I get from my
own constituents when they have to go to hospital as
the service they get about public health services.

Speaker 13 (01:11:20):
Can I say morning this morning, isn't he The problem
we do have, though, is that there was no extra
money and the budget at all for health services, and
the population has increased and health complexities have.

Speaker 11 (01:11:32):
Increased, been a massive increase in the budget.

Speaker 2 (01:11:34):
Not for health, not for for health, absolutely not money.

Speaker 11 (01:11:39):
It was it was the hospital and hospital.

Speaker 13 (01:11:46):
It was the cancer drugs. You didn't pay for it
in the last budget that was funded by this one.

Speaker 2 (01:11:50):
Which one of you, which one of you is inviting
me to the pint of order?

Speaker 11 (01:11:56):
The point, yes, olive, you to that absolutely centers how
I didn't come on the show you today. I can
make up for it by taking you to the point.

Speaker 2 (01:12:03):
Do you not know what the pint of order is? Jenny?

Speaker 13 (01:12:05):
I don't think I don't know you do. It's in
your pub.

Speaker 2 (01:12:08):
It's exactly in there.

Speaker 13 (01:12:10):
I snack in there when it's not funny.

Speaker 8 (01:12:11):
You go.

Speaker 13 (01:12:12):
I've got to tell I saw a workman in yet
and I said, can I have a luck? He said sure.
He was from Cape Town. He was very nice and
he gave me a little tour.

Speaker 2 (01:12:18):
Not an labor Jenny, not another margrant. Goodness.

Speaker 13 (01:12:22):
He was a lovely guy. He lots to say about
the National Party to Italy.

Speaker 11 (01:12:25):
He did.

Speaker 2 (01:12:26):
National Party, he wasn't.

Speaker 13 (01:12:28):
A National supporter. I can tell you that I've got
the plumbing sune very well.

Speaker 2 (01:12:31):
He showed me what he doesn't look good.

Speaker 13 (01:12:34):
It's quite small. The cap that's read. So Mark went
like that. But it looks quite lovely. It's the sort
of tiling most Alfrisco type tiling and one area and
it looks really pretty.

Speaker 11 (01:12:45):
Did they have always put some ruggs? We can put
some ruggs in a very alarm and color. So you
didn cover that up?

Speaker 2 (01:12:51):
Did they have?

Speaker 13 (01:12:52):
At Mark will be rolling around on the floor anyway, So.

Speaker 2 (01:12:56):
All right, nice, Nice to see you guys, Ginny Anderson,
Mark Mature. The Pint of Order by the the pub
that's been closed ever since they expanded Parliament buildings for
new offices and that's been finished and as of Tuesday,
the Pint of Order is going to be open for business.
Not for you and I, just for them. Eight twenty
two The.

Speaker 1 (01:13:12):
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Speaker 2 (01:13:18):
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(01:13:59):
directly to you. Assembly, super easy, excellent instructions. So basically
you're getting the kitchen you want. You've designed it yourself,
You've saved that thousands in the process. So you've got
to get amongst.

Speaker 11 (01:14:09):
You do it.

Speaker 2 (01:14:10):
You do U d uit you do it, kitchens that
do it for you. Asking Mike, Jenny's talking rubbish. Any
operation the private hospital reduces wait lists, it's one list
that needs performing it. That's the part I just couldn't
get around. There's something going on there. And here's another
one says Jenny doesn't know what's going Hips are replaced
and private hospitals five to seven years ago. It's just

(01:14:31):
since the previous government did it. So there's this angst
floating around at the moment that somehow that moving to
private hospitals or contracting out to private hospitals. These people
are sitting around looking for work. If you can't do
it publicly, do it privately. Who cares how it's done,
where it's done, as long as it's done and if
it reduces a waiting list, and yet they still find
trouble to comply. I have no idea how to explain it,
And having asked a simple question, I don't think we've

(01:14:53):
got a particularly good explanation. Did we News in Australia
the election they're still counting, if you can believe it.
Steve is next.

Speaker 1 (01:15:03):
The only report you need to start your day the
my Casting Breakfast with a Vita Retirement, Communities, Life Your
Way News togs Head been.

Speaker 2 (01:15:13):
I was going to raise it with Marke and Jinny,
but I didn't have time. But there was a leak
this morning. The irony of the leak is it was
a memo that was leaked about leaking and it came
from so Brian Roach, who's the you know, he's the
public service boss, and he was writing this memo saying, guys, really,
this public service thing, we've got to stop leaking and
unless we stopped leaking, I'm going to look at firings

(01:15:35):
and people. So that was leaked.

Speaker 14 (01:15:37):
So I just sleaky Nemo season.

Speaker 2 (01:15:39):
I don't know where it is, but anyway, So anyway,
I didn't raise it with him, but maybe next We're
twenty three minutes away from.

Speaker 16 (01:15:44):
Nine International Correspondence with ends and eye insurance, Peace of
mind for New Zealand.

Speaker 2 (01:15:50):
Business with A Stephen, Good morning to you.

Speaker 6 (01:15:53):
Hello.

Speaker 2 (01:15:53):
I'm on the risk of making full of myself, but
I'm watching sky News and I only reason I ask
you this is you work for sky News. The guy
in the afternoon is that Tom Connell is a youngish
looking guy, spiky here with glasses.

Speaker 3 (01:16:06):
Yeah, it does all of the analysis of sea.

Speaker 2 (01:16:08):
Absolutely phenomenal talent. So I'm watching him yesterday doing his
numbers on the screen. And what we haven't discussed, and
it's important to given what happened in the Lower House
to well but easy and how successfully won. They were
looking at the way through the Senate and what they
can do and what they can't do. And what he
explained really clearly was when all the bottom house you want,

(01:16:29):
the Senate is still a problem, isn't it?

Speaker 3 (01:16:34):
It is a problem because you're going to have to
negotiate with the Greens. So it's the Greens and the
Coalition get together. Labe can't do anything. I mean that
can sweet talk all of the independence they like, but
they can't get any legislation through. So despite the fact
that during the entire election campaign we were told by
Anthony Albinizi that I won't be doing deals with the Greens,

(01:16:54):
I won't preference at Greens, blah blah blah, he's now
got to sit down on a daily basis with the
new leader of the Greens, Larissa Waters, because thankfully Adam Bant,
the former leader, lost his seat, and negotiate everything he
wants to get through the Senate. So they do have
to do deals with the Greens, and that will include
this new wealth tax that they're trying to ram through

(01:17:14):
that they've had sitting there in the Senate blocked for
the last two years.

Speaker 2 (01:17:17):
And this is the wealth tax on superannuation. So what's
interesting it because we're about to I think have a
fairly substantial discussion in this country about superannuation. We're at
sixty five. One of the parties wants to put it
up we've changed some rules around what we call key
we savor. The superannuation system we run in this country
isn't compulsory unlike yours. But the counter argument is that

(01:17:38):
the moment you get politicians in bold and super, they
mess with it and this super tax so suddenly you've
done well, wops will just have some of that, Thank
you very much. How does that go down?

Speaker 11 (01:17:47):
Yeah?

Speaker 3 (01:17:48):
I don't want to complicate it too much because super
is complicated. But basically, if you have a superannuation account
and these are mainly self managed super fund so they're
not inside industry funds, they are currently taxed if you're
all putting money in at fifteen percent on your earnings,
including anything over three million. What the government wants to
do is double that tax to thirty percent. But the

(01:18:11):
real problem with this is they're going to tax your
profits on unrealized assets. What does that mean. Well, if
you're a farmer and your farms within your superfund and
it's worth more than three million, you have a good
year and your fund goes from three to point one
to three point two, they're going to tax you thirty

(01:18:33):
percent on those profits, even though you haven't realized the
profits it's just the first time ever in Australia that
anyone's decided, oh well, we can tax you on earnings
you make, even if you don't realize the earnings. I mean,
it is just unbelievably ridiculous. And the Greens have come
out this morning. Larissa Ward is the new leader, as

(01:18:54):
you mentioned, and she's gone, well we quite like that. Yes,
we love to tax the rich, we're the Greens, but
we want the actual level to be kicking in at
two million, not three. So suddenly the government has got
a little bit of a problem for itself because if
they do that to two million, not three, they're going
to rake in a a lot more money, but they're

(01:19:14):
going to harm a lot more people.

Speaker 2 (01:19:16):
And I would imagine giving your superannuation. So you don't
want to sound like the rich person, but I mean,
if you start saving when you're sixteen, seventeen, eighteen years old,
and you do reasonably well for yourself and life, there's
going to be a decent I'm assuming there's thousands of
people in Australia with three million dollars or more on
the super account.

Speaker 3 (01:19:31):
And that uplimit's not going to be indexed. So if
you're a twenty five year old earning one hundred and
fifty thousand dollars a year, which there's plenty of Australians
that are on that sort of salary, and you get
to touch your super at sixty five, you're going to
easily have three million dollars if this thing's not index.
So there's the index question. That's one of the questions
that the government's got to talk talk about. And the

(01:19:55):
Green's wanting to pull this back to two minutes. It
is frightening what's going they happen if they push this through.
But they've got such a thumping majority in six years
in government that eventually they'll get it through. And that's
what's going to happen. And you know what, everybody with
anything over three million in soupers doing me included what
do you think I'm doing. I'm going to my financial
advisor saying get me under three and tell me where

(01:20:17):
to put the rest of the money exactly.

Speaker 2 (01:20:19):
And a number of people, interestingly enough, who suggested successful
people who are still working, they'll just retire and bugger off.
And it's a disaster anyway. That's for another day. The
lives in the nets are they're getting on yet or not.

Speaker 3 (01:20:30):
It looks like the quick divorce will be back to
marriage today. That was just a complete disaster for the coalition.
The Nats well you know, through the toys out of
the ran off in the other direction, so we don't
want to play with you anymore. That lasted about three days.
Looks like the deal will be done today. And interestingly
the new opposition front bench is small and untalented as

(01:20:53):
it now is, will be announced later in the week. Interestingly,
the former National Senator on the Northern Territory just sent
a Nampa Jim for Price who jumped ship, angering her
nap mates. She looks like getting a front bench position,
but not as senior as who she'd stayed where she
was so susan ly, the new leader of the coalition's

(01:21:15):
got a huge job on her hands. She's a moderate.
She's got to keep the Conservatives happy. No one's going
to be happy. Who would be happy knowing that for
the next one is going to be in opposition.

Speaker 2 (01:21:24):
Just before we leave the election, this unusually large number
of votes and hospitals and age care facilities and how
they've discovered that and what they do with it, and
the possibility that in some of the tight seats it
may be, you know, problematic. Is all of this appear
as it does from my you know, in another country.
This seems missy.

Speaker 3 (01:21:44):
It is MESSI the system's messy. The whole thing is messy.
And you mentioned tight contest, of course, is going to
be a partial recount of the Sea Caueled Gold Steam
where a teer Independent Zoey Daniel is refusing to say
that she's lost that seat even though the live is
in front by two hundred and sixty votes. But two
hundred and sixty votes is not a hell of a
lot of votes. Our system is. I mean you still

(01:22:08):
vote if you turn up at a polling booth with
a pencil on a bit of paper. I mean while
we don't do digital voting, I mean I can transfer
money every day of the week digitally safely. Why can't
we vote digitally? It's ridiculous.

Speaker 2 (01:22:21):
Yeah, it's weird. Now rose Hill is rose Hill? Nice struck?
What are you going to do? Bollet and build houses.

Speaker 3 (01:22:28):
In a west beautiful racecourse? But we have a shortage
of housing in the capital cities. So the government has
had planned to do a deal with the rose Hill
racecourse to buy it off them for five billion dollars
and build twenty five thousand homes and a new metro station.
Now this is Middle West from the CBD. It's not

(01:22:49):
far away and it's the biggest bit of lamb that
you could get your hands on and build all those homes. Well,
the meeting yesterday of the members of the Australian Turf
Club that run Rose Hill, well they vote fifty six
to forty four percent against the sale and it's now
fallen over and so they'll continue to run race meetings
there every Saturday. The twenty five thousand homes won't be built,

(01:23:11):
neither will the new metro station, and the premiere of
New South Wales has now got a big problem on
his hands because he's got to find somewhere else to
build all his houses.

Speaker 2 (01:23:18):
Jeez, you would have geez five billion. You would have
been tempted sitting around that table, wouldn't you.

Speaker 8 (01:23:23):
Eh?

Speaker 3 (01:23:24):
Absolutely, And they were guaranteed all sorts of perks and lerks,
membership at another racecourse for life, thousand dollars worth of
drinks and entertainment. I mean, I don't know why they
voted against it, but there was many in the racing
industry who said, once you give up a racecourse, and
all of your New Zealand listeners would absolutely understand this,
once you give it up, never coming back.

Speaker 2 (01:23:45):
Good on you, mate, ketch up next week, appreciate it.
Sleep price out of Australia. Just before we leave the
big red land to the left of us New South
Wales Police just if you're thinking about immigrating to Australia
because it's just so wonderful, so you can get your
super tax the way they do. At the moment, they've
just established a new task force the police because the
fearing at the moment tip for tat escalation of gang

(01:24:05):
warfare after tensions in the underworld spilled onto the streets
on Sunday afternoon daylight shooting. Task Force Falcon is what
they're calling that. They've got a more one hundred and
fifty coppers assigned to putting a stop to the violence.
This backs up the May twenty two task force, which
was called Task Force Erebus after a wave of gang
violence saw thirteen people killed in just eighteen months. So
fun times and I was fourteen to two.

Speaker 1 (01:24:28):
The My Asking Breakfast Full Show podcast on iHeartRadio powered
by news talks.

Speaker 2 (01:24:33):
At be Turtler grew, Mike with a race course. Once
a green space has gone, it's gone. That's what sixty
seven thousand golfers have been saying since the council this
is Auckland warned that Tacapona golf Course would become a swamp?
Is it sixty seven thousand golfers at Tacapona. I don't
know about sixty seven thousand, but it's a public course,
and there are very few public courses about the place.
I played three four times at Tacapona. It's okay as

(01:24:55):
a course. It did suffer when you know it rained, etc. Mike,
I hope you've seen the LA just radio audience measurements
for radio and New Zealand. Well, of course I have
them in the industry, big drops across all the major programs.
I'm caught between. There was a piece in the Herald
yesterday under the headline Radio New Zealand National and Morning
Report radio audiences fall to lowest levels in more than

(01:25:16):
five years. And I'm between a bit of a rock
and a hard place in raising this because I don't
want to appear self indulgent or any of that. But
the broader question that I will not be asking this
morning because I don't have time, but it's worth asking
another day of somebody. I'm just not sure who is
we pay for all of this? This is the point.

(01:25:38):
Now they got a little trim up in the budget
in terms of money the other day, having got just
a g GANSU and waterfall of money, had their way
under Willy, I can't give you enough money for my
favorite radio station, Jackson, And you thought, how has they
spend that many millions of dollars? And what is it

(01:25:59):
they spend it on? Partially what they've spent it on
is losing their audience. Now how you do that? I
don't know, because we, of course, if you've also read
the story, gone the opposite way. And in the last
handful of years things have been particularly good for this program,
and I don't take that for granted, and we don't
take it for granted, and we work really hard at
what we do and we're successful at it and good
on us and etc. But they're not. And at some

(01:26:20):
point somebody's got to ask the question, what is it
we're getting in return for public money? How is it
they justify their existence? Who's being held to account, And
I can tell you something for nothing, having been in
this game for about forty something years. If I'd lost
the sort of audience they'd lost, chances are pretty high
I wouldn't be here telling you this story this morning.

(01:26:42):
And yet I see nobody held to account for public money.
So somebody's answerable for that. I'm assuming it's Goldsmith. I
don't know how hard he goes at them. There's a
couple of people on the board there, one of whom,
in particular, I am assuming is going to get the
chairmanship sooner or later. In my I don't know, light
a fuse and blow a few people up. But maybe
I'm being hopelessly optimistic. But we are spending a lot

(01:27:03):
of money on something that isn't performing, and that's applicable
not only to public radio or public television, but the
public in general. So why aren't they being held to account?
Eight away from nine the.

Speaker 1 (01:27:14):
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Speaker 2 (01:27:19):
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Speaker 1 (01:28:19):
Trending now with Chemist Warehouse Mayhem megasale on now.

Speaker 2 (01:28:24):
From the Department of RFK Junior this morning. The US
are no longer recommending COVID nineteen vaccines for children and
pregnant women who are healthy. They say, oh, we're in
lockstep with a couple of countries like Germany and France.
But in Germany and France it's the boosters are only
recommended now for the elderly and those with different illnesses.
That's just the booster, whereas the US is going further
by doing away with the two dose vaccines entirely. Here's

(01:28:46):
the FDA commissioner.

Speaker 19 (01:28:47):
The entire world has moved on to a risk stratified approach.
The UK says you've got to be seventy five years
of age or older, and high risk France it's eighty
years of age. And they've been looking at US saying,
why are you still recommending the COVID booster every year
in perpetuity for young, healthy kids.

Speaker 2 (01:29:08):
So this is a catch up moment.

Speaker 19 (01:29:09):
This is a milestone moment because, as you know, well,
we're trying to rebuild public trust.

Speaker 8 (01:29:15):
There was a.

Speaker 19 (01:29:15):
Theory that people would need the COVID vaccine every year
in perpetuity, So a young girl born today would need
eighty COVID shots in her average eighty year lifespan. And
that theory is unproven. So we're bringing back science and
an evidence based approach.

Speaker 2 (01:29:31):
That's Martin Mackery a couple of moments ago. It's interesting,
isn't it? So the Prime Minister wasn't with us on
Monday because he had a cold slash waz ill. It
was a time and it wasn't that long ago in
this country or COVID witch is COVID. No one mentioned
the wood COVID. I think we've all moved on cadn't we.
Speaking of the Prime Minister, he may or may not
be on the program. There's a story behind that, and
I'll probably tell that tomorrow as well on the program.

(01:29:52):
And a whole lot of other weird things that are
happening at home that aren't true. So that makes it fun.
As always, Happy Days.

Speaker 1 (01:30:00):
For more from the Mic Asking Breakfast, listen live to
News Talk SETB from six am weekdays, or follow the
podcast on iHeartRadio.

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