Full Show Podcast: 28 November 2024

Episode Transcript
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Speaker 1 (00:01):
Your trusted source for news and fuse the mic Hosking
breakfast with the range Rover vi La designed to intrigue,
can use togs.

Speaker 2 (00:10):
Dead, be Welling and Welcome today fifty basis points. But
the magic's in the commentary, and the commentary ain't great.
Stephen Joyce in the Reserve Bank, both in the smalling
Russian Ravendra he warms up ahead of today's first ball.
Casey Costello and her big push to have everyone quit
smoking by next year. Mitch James, they tell me he's
retiring from music. What's going on here is in the
studio for what might well will be his final song ever,

(00:31):
Casine Fields and France Rod Little. He does the British
thing for us as well. Hosky. Welcome to Thursday, coming
up at minutes past six. Do read the piece in
the Herald this week that details the potential for a
four year term. I started alluding to this yesterday. It's
worth reading because it's not as much about a four
year term as it is about the two ideas that
may well get enacted this term as part of the
Coalition agreement. The more complex one is idea X idea

(00:55):
to flip the script on select committees and essentially drivers
towards a more active process in which the whip has
not used the way it is now i e. Everyone
in a party has to vote the same way. The
detail is fascinating of not a little complex, and my
guess is it won't see the light of day. Also
in there is the New Zealand first idea of a
vote on a four year term. Am I guess on
that is it won't see the light of day either.

(01:16):
Now the piece in the Herald ends with the last
survey on the matter. Sixty one percent of us thought
a four year term was good. But that was back
in twenty twenty. And what had we done in twenty
twenty people, well, labor fifty percent in the election. That's right,
we all went mental. Which is not to say that
a four year term isn't a half decent idea, but
the possibility comes at the worst time, off the back

(01:37):
of one of the worst governments in living memory. Labour
twenty twenty through twenty twenty three destroyed a lot of things.
One of them I suspect is the idea that we
want more useless people doing more useless things for longer.
There is logic on the flip side, I mean the
early key years, for example, the Rockstar economy years. Put
a vote in then might well have got across the line.
But like a lot of these big changes, the simple

(01:57):
truth is there is no right and there is no wrong.
A good government deserves longer, a poor one doesn't. But
part of the idea of having a more flexible mechanism
whereby you aren't frog marched into your voter as an MP,
that's not a bad one. Not everyone or not everything
your party does is right. You don't believe it at all,
lock stock and barrel. What's wrong with a bit of

(02:18):
NW once? What's wrong with giving the other guys a
bit more influenced to test the mettal of the government.
It may well lead to a slowing down of the business,
I guess, but sometimes that's not all bad. But as
for a binding vote on a four year term, answer
me this, what if the turnout was low and the
result was close given its binding right, sixty percent of
people turn out and it's passed by fifty point zero
one percent of the population, so barely thirty percent of

(02:40):
the country change the place dramatically. Is that democracy? Or
is that a mistake?

Speaker 1 (02:46):
Who news of the world in ninety seconds.

Speaker 2 (02:49):
But the war, well one of the wars. That cease
fire between Israel and Lebanon's underway, but will it hold.

Speaker 3 (02:55):
We will adhere to the agreement, but we will also enforcement.

Speaker 2 (02:59):
The key is enforcement.

Speaker 3 (03:01):
That's where these agreements have fallen in the past.

Speaker 2 (03:04):
Enforcement.

Speaker 3 (03:05):
We will respond forcefully to any violation.

Speaker 2 (03:09):
Israelis a mixed an.

Speaker 4 (03:12):
I'm against this agreement.

Speaker 1 (03:14):
Give us another month.

Speaker 5 (03:15):
We will emerge victorious.

Speaker 6 (03:19):
I think it's good if the ceasefire later brings a
return of hostages.

Speaker 7 (03:24):
This is only temporary, that's all. It will repeat itself.

Speaker 2 (03:28):
Lebanese Prime Minister, perhaps slightly over optimistic.

Speaker 8 (03:31):
Today begins the thousand mile Roads to reconstruct what was
destroyed and to continue to strengthen the role of the
legitimate institutions, led by the military, who we place great
hopes in to enforce authority over the country.

Speaker 2 (03:44):
Even though this was led by the Americans. Of course,
Sakiya needed a word.

Speaker 7 (03:48):
The ceasefire announced in Lebanon is long overdue, but it
demonstrates that diplomacy can succeed even in the most challenging
of circumstances.

Speaker 2 (03:58):
Actually, while we're in the Commons, that looks like the
new government might fold a bit on the EV push
out and listen and BMW and Lotus and just about
every other manufacturer told them no one wants evs.

Speaker 9 (04:08):
We're looking at the finds that we would inherit from
the previous government that would be applied to businesses, including
car manufacturers here in Britain for not selling a high
enough proportion of electorate vehicles who want to get that
balance right.

Speaker 2 (04:22):
And then stateside kiss who we found you.

Speaker 10 (04:25):
Have the same power that you did before November fifth,
and you have the same purpose that you did, and
you have the same ability to engage and inspire.

Speaker 2 (04:40):
Finally, I'm super glad I didn't pull the treaser on
one of those Trump guitars. We got trouble. Gibson have
issue to see some desist order to the company behind
the guitars, company called sixteen created. They say it infringes
on the exclusive Gibson trademarks, particularly the famed leaves for
body shape. Now, you don't mess with these people when
they lawyer up dispute against Dean Guitars that started outside

(05:02):
Caught back in the fifties and whose first trial used
evidence from other three decades that's now heading for retrial
all these years later. By the way, the American Eagle
Electrics sold out. The American Egle Acoustic can get for
twelve hundred and fifty Or if you want to sign one,
Trump signs at two hundred and fifty US, which is
seventeen thousand, three hundred dollars on this morning's exchange, right
with the US dollar. And here's the world in nineteen

(05:24):
speaking of the US dollar, the PCE inflation. I'll get
Greg to work you through. That could be bad, It
could be good, could be bad. Australia two point one.
Their inflation number was out, although the non tradable at
three point five. They seemed to think they've got it
under control. Thirteen past six.

Speaker 1 (05:42):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (05:48):
I'd be trying to find something in China that looks good.
But yesterday's industrial profits weren't It down ten percent on
October twenty seven percent in September. Steep has decrease since
March of twenty two. So they've still got problems, and
they've got problems. We got problems. Fifteen past six. The
problems not very kind, specifically morning, how are you great?

(06:09):
Thanks mate, but fifty points not seventy five. And I
thought it was interesting when all Seidi really didn't even
consider seventy five or indeed twenty five.

Speaker 11 (06:17):
Yeah, it was interesting, particularly given listening to the commentary
looking at the forecast and you talk about problems, you know,
we've got them in spades, sort of acknowledged that. So
that was all pretty pretty interesting. Yeah, has highlighted the
economic challenges we're facing. Obviously, we went with the fifty bits,
which was which was favored, but you know, the track
for the OCR is lower, so they see that getting

(06:38):
to three point five to five percent by twenty twenty five.
In addition, I think what market's also like was it
looks like we're going to get another fifty at the
feed me meeting. So this highlights of challenges. I mean,
the unemployment rate that was revised down to five point
two percent from five point four in terms of the peak,
but you look at GDP FORCUS, so they've actually been lowered.

(06:58):
So December quarter was revised up slightly two point three percent,
but you know, let's look at the long term out
to December twenty twenty five. We're looking at two point
three percent now. Their previous forecasts in August was three
point three percent, so things have got a lot work
so you do have to wonder. And then we look
at the inflation side. Yeah, they're comfortable it's going to
be around about two percent. They see tradables or the

(07:20):
offshore driven inflation is increasing. I'm just not sure about that.
I mean, even agent Or acknowledged themselves that yes, we've
got Terriff's pension on the way from Trump, but it
actually could divert a whole bunch of cheaper Chinese goods
to New Zealand actually might be deflationary. So I thought
that was quite interesting. And oil's a bit of a
wild conom and that could go up as easy as
it goes down.

Speaker 12 (07:40):
So they see.

Speaker 11 (07:40):
Domestically driven inflation going up. Not so sure about that
as well. The pressures we're facing pretty much everywhere apart
from the dairy industry, so we have to see on
that and there's just a lot of uncertainty. So I
think that was acknowledged by a journal and how the
economy is going to respond to rate cuts. They gave
a really wide range for the neutual ocr of two
point five to two three point five percent, So you

(08:01):
take the midpoint of three percent, that's neither stimulating or
constricting the economy. So it still means we're in line
for another one hundred and twenty five basis points of
rate cuts. So Mark, it's like that Borrows also like
the fact that most banks have passed on the rate
cut fully. But really interesting as well the press conference
might that he made multiple mentions of the fact they

(08:21):
don't go on complete holiday till in the February. So yeah,
I thought that was very talent.

Speaker 2 (08:25):
So he's got to take He said, we've got a
telephone and we can we can hustle anytime we like,
and we hustled during COVID. Now the PC did we
freak out over that or not?

Speaker 11 (08:34):
Yeah, so not too much, I mean, but basically the
Fed minutes sort of said that that, you know, unlike us,
they're going to sort of step back on the pace
of rakecats. Obviously they did fifty, then they did twenty five,
and then going to take a bit more gradual approach.
So they acknowledged that inflation is above their two percent goal,
and it was confirmed by these inflation numbers overnight. So

(08:55):
the percal consumption expenses and exit was that point two
percent in October two point three sent on anualized basis.
That was in line with expectation, as was the core measure,
which they also look at and said it was two
point eight percent. So you've got to think they're probably
gonna step back a little bit, and they may even
pause in December, where the markets are saying it's the
sixty percent probability of another cut. But yeah, we've got problems.

(09:17):
Their economy is going much better, which is why you
don't really want to compare what the FEDS doing with
what the abbe en Z should or should not be doing.
So the GDP and the September quarter grew two point
eight percent. It was in line of estimates consuming the
US might do really well growth their three and a
half percent. That's actually the biggest rise this year. And
I'm probably in bolding of it by a labor market.
So separate figure showed initial job as claims they fell

(09:40):
last week. They're at historically low levels, so you had
a FED could well pause. Interesting from the minutes, they
didn't really make much mention about the election. It was
only two days before the meeting they did say that
conditions were evolving, so they might be a bit of
an understatement. Well, I'm sure they'll be watching how Trump's
protectionist policies play out. With had a lot of estimates

(10:00):
on what taruffs could mean for use inflation, some as
saying it's that could as much as one percent, So yeah,
is certainly very relevant.

Speaker 2 (10:07):
Okay, what are the numbers?

Speaker 11 (10:09):
So you were little are at the close on the
US the dowse down point one percent forty four eight
one one, s and P five hundred down point five percent,
five nine nine four, Nare's deck down one point two percent.
They had pretty disappointing numbers from HP and also Dell
Footzy up point two percent, the UK eight two seven
four Nick down point eight percent, ozzie A six two

(10:29):
hundred up point six percent to say. The inflation came
in there at two point one percent, INDYT fifty. We
loved the RV that was up point eight percent twelve
thirteen two one three to say, and gold was at
five bucks two thousand and six and sixty four ounce
oil was flat sixty eight spots sixty nine and the
currency's key is up across the board at one point
two percent against the US fifty nine ninety point ninety

(10:52):
outst A dollars up point nine percent, and against Stirling
we're forty six point five up point two percent.

Speaker 2 (10:57):
Yeah, have a good day, mate, so you tomorrow. Greg
Smith devn Funds Management asking a lot of good retail
out in the States this week. Nordstrom, they came in
above expectation, Dick's Sporting Goods came in above expectation, Abercrombie
and Fitch came in above expectation. I know it. Interestingly,
even Zoom is still managing to find more people to
pay for Zoom. Their stocks up twenty four percent this year.

(11:18):
All I'm telling you is that retail in America is
doing nicely. Thank you. Six twenty one here at Newstalk
z emb.

Speaker 1 (11:27):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by News TALKSB.

Speaker 2 (11:34):
Moana two more box office news for you, and it's
good too. Moana two. It hits theaters. This is the
US and Canada. Yesterday is going to they think generate
one twenty to one to fifty million. Mix it with
Wicked and Gladiated two. The five day Thanksgiving weekend, which
is what they're into now because that's underway now until
Monday our time. They reckon it, shoot clear, two hundred

(11:55):
million in ticket sales could become the second or third
highest Thanksgiving period in cinematic history. So that's encouraging. Not
so encouraging as Aston Martin, who yet again have told
the world that they're not going to make as much
money as they thought they would. It's their second profit
warning in two months. They're back raising cash and selling
shares and debts and debt toatling ten hundred and ten

(12:18):
about four hundred million New Zealand dollars. They've had a
problem with a thing called the Valiant, which is unfortunately
named car given the Chrysler. And I can tell you
the Aston Martin Valiant is a shed load better looking
than the Chrysler Valiant. But nevertheless, they've had trouble making
some of those. There's not many of them around. They
cost a fortune. They're only again a little the behalf
of them. But you know, the story of Aston Martin's
a fascinating one and it's worth reading. They've been I've

(12:40):
lost count but they've been in and out of bankruptcy
and liquoridation more times than you can poke a stick
at They make the most beautiful cars in the world.
They just can't make much money, so I feel bad
for them. Six twenty five.

Speaker 13 (12:52):
Trending Now Twill chemist Wells the home of big brand
Fighter Man.

Speaker 2 (12:57):
Now I'm seeing a movie he's been still as back
now he hasn't been seen They called the Mindstream movie
since twenty seventeen. New one's called nut Crackers. It's about
a bachelor who moves to the country to temporarily look
after his sister's four kids after the parents die.

Speaker 6 (13:11):
I'm as family services with Christmas in three weeks.

Speaker 14 (13:14):
We have very limited options.

Speaker 2 (13:15):
Okay, so what does that mean? Just look after them
until I can find.

Speaker 1 (13:18):
Them the foster home.

Speaker 4 (13:20):
Hey, dude, drunkle Michael, remember me Mom's big brother.

Speaker 6 (13:25):
I'm here now to look at cap Get you guys
hooked up with a family.

Speaker 8 (13:33):
Come on, Pie, act like normal children.

Speaker 2 (13:38):
I'm trying to find you a good home. Okay, I'm
dealing with.

Speaker 1 (13:42):
A lot right now.

Speaker 10 (13:43):
We're talking about four little kids.

Speaker 6 (13:44):
Who lost their parents.

Speaker 8 (13:46):
Do you think I looked like it is?

Speaker 14 (13:48):
Very much so?

Speaker 15 (13:50):
All right?

Speaker 2 (13:51):
So what do you want me to teach you? Also
stars Linda Cardlan Cardalini, and I looked her up. Scooby
Doo dead to me and Daddy's home, so quite the repertoire.
It's hout tomorrow on Disney plus one suspects because they've
looked at it and decided it's not going anywhere good.

(14:13):
RB's projections might don't stack up. What might feel right
for the Monetary Policy Committee members doesn't feel right for
the rest of the country. Enjoy the three month holiday
whilst everyone else struggles through Christmas. Yeah, some of the
comments were interesting, and we'll talk to Steven Joyce about
it after seven o'clock and the Assistant Governor after seven
thirty this morning. Their talk around productivity is fascinating, and

(14:35):
that in that it dubtails into the government, and the
government are desperately trying to leverage the politics off the
so called and proving economy. At the moment, I'm just
not convinced the economy is actually improving anyway. More on
that later for you.

Speaker 1 (14:51):
Setting the news agenda and digging into the issues. The
mic Hosking Breakfast with Bailey's real Estate, your local experts
across residential, commercial, and virural news talks had been.

Speaker 2 (15:03):
The Lapen case in France. They prosecutors want to stuck
in jail and band from public office of course. So
we'll get the update chually twenty three minutes away from seven.
So we have the first bit of the COVID inquiry
done our The government will receive the report later on today.
Won't be releasing it though, which is a story in itself.
I think outgoing COVID Inquiry chare Tony Blakeley is back
with this Tony morning in mindlessness. If this was all

(15:24):
there was In other words, there's no part too. Is
it comprehensive enough?

Speaker 6 (15:30):
Absolutely? Our terms of reference abroad and our report. What
we've done as we've looked back at what happened, we've
looked forward at the lessons, we've made recommendations, and when
we look back, we've covered all of all of government
decision making, the lockdowns, orders, an MiQ, health system response,
economic and social response, vaccination and in particular the use

(15:53):
of mandatoriness or compulsion about some of those measures like vaccination,
master testing and all that. We've covered pretty much all
of it. Phase two will do a little bit of
different stuff, which is a declear around vaccine harm. So
for example, people having an adverse eventd to vaccines. They'll
look more closely at that where that was outside of
our terms of reference.

Speaker 2 (16:13):
So is that necessary or not?

Speaker 4 (16:16):
Is what necessary?

Speaker 2 (16:17):
Mote Part two?

Speaker 6 (16:21):
Well, that's not my decision, mate, now I know that.

Speaker 2 (16:23):
But if you're telling me that what you've done is
the big picture and this is all we need to know,
why are we doing Part two? Do you think?

Speaker 6 (16:30):
Well, that's the government's decision. But what I would say, Mike,
is that Grant Ellinglith who's the incoming chair, has been
really really good in the handover heaps of integrity, and
I reckon it's a bit like the eighty twenty rule.
We had a really big job to do and we've
probably got eighty percent of everything done on the terms
of reference, and there's an extra twenty percent. Sometimes at

(16:51):
twenty percent is important. They may find some stuff we
haven't found on things like mandates which I'll be looking
at and more depth and lockdowns that they'll be looking
at and more. But also they'll be looking at the
vaccine harm and safety, which for many citizens of our
pera own New Zealand is a particularly important issue. And
that's good that they're.

Speaker 2 (17:10):
Doing the mandates and the comments you've made about the mandates.
Is that a change of mind on your part or not.

Speaker 6 (17:16):
Ah, it's an evolution. I think we've all learnt a lot.
What I will say at this point is that you know,
mandates are sort of a top shelf thing. You should
only really be using them when you absolutely have to.
And we've got a lot to say about that report.
If I can reflect overseas previous Premier Purity New South

(17:37):
Wales Conservative government and a valedictory speech who said as
one major regrupt was the over use of mandates and compulsion.
And I think for a lot of us around the
world are learning that those mandates might have gone a
bit too far for a bit too long, and it's
a very delicate balance and a future pandemic, which is
what we're really focused on now. You can't rule out

(17:58):
the need for doing mandatory measures because the virus might
be two four times as fatal and two or four
times infectious and you just need to do everything. However,
if we had something like COVID again, I think all
of us are saying that if we prepare pet to
have better contact tracing them would be less of the
mandatory measures like lockdowns and texting man.

Speaker 2 (18:18):
I reckon hand on the Blakeley's i EU, the Bloomfields,
the Bakers, et cetera. Would have had the Gonads to
stand up to a zealots like a Dern who was
determined to lock us down.

Speaker 6 (18:32):
I think you're probably going to bit fire there, Mike.
Let me rethink about that. So I think that people,
both the all of the policy people, the Bloomfields, the academics,
the Bakers, and the government viadorens, if you like, everybody

(18:53):
was doing the best that they possibly could and making
decisions and incredibly complicated and fast moving circumstances going forward.
And again the UK Enquiry has made this quite clear,
and we speak to as well. It's really really really
important to make sure that you have a diversity of
advice coming in and that you're very agile and you
don't get stuck in your ways. So a key there's

(19:16):
two key s words here, scenarios and strategy. So scenarios
we need to be thinking about what type of scenarios
next pandemic is and investing in preparation for that. And
then when the next pandemic coves be constantly thinking about
where the thing going to go, what mightn't you take
to is a society on board with us and be
able to agile adapt. Which comes to the strategy part

(19:38):
is that I think a lot of countries learned that
you need to really protect that strategy function. So you've
got a group that's always looking forward and planning for
the next possible steps.

Speaker 2 (19:48):
Good stuff, Tony, good to talk to. You appreciate it
very much. Tony Blakely, outgoing COVID inquiry chair. He will
hand it over at two pm this afternoon. My reference
earlier to Brooklyn filt and she has said this doesn't
get made public now, it will be public at some
point after Phase two was underway, which strikes me as Machavelian,
which is highly unlikely, highly unusual for the act Party,

(20:11):
I would have thought, But that's a question for another day.
Eighteen to two ask related matters. There's a localed angles
Del Gleish who's in Australia. He's a professor of boncology.
He's just visiting Australia as a professor of boncology at
London since Georgie's University. He's also in the European Commission
Cancer Board. He says Australia's COVID response, which was sort
of ours, not as hard, but sort of ours, was

(20:32):
appalling madness, disgraceful. US Australia and Canada all overreacted exactly
the same way. The only people that got it right
long term was Sweden. They didn't have any lockdown mandates,
they had no other mandates. The vaccines were for people
over seventy. They have the lowest excess death rate in
the Western world. Voluntary social distancing, mask wearing, working from home,

(20:52):
and avoiding public transport. Eighty percent of the country basically complied.
In other words, you trusted the people. He said that
was the way to go. And the more water that
goes under the COVID bridge, I think, the more right
he looks. Seventeen to two.

Speaker 1 (21:06):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks EPI.

Speaker 2 (21:13):
Back to the Economy Morning, Mike. I'm on the cold
face owning a retail store, and it can tell you
we are in recession, big time, no and spending and
our November will end up worse than July. We serves
the more high end of the furniture homeword division, even
the affluent are not spending. They have become used to
being tight. That's an interesting insight. Nothing will change until
real estate starts pumping again, Jeremy, I appreciate the insight.

(21:33):
Step en joy shortly fourteen.

Speaker 13 (21:35):
Two international correspondence with ends and eye insurance. Peace of
mind for New Zealand business scats.

Speaker 2 (21:41):
Would be a very good morning for you, I think, mate.
Now just for the details, I take it this is
judge only and I take it once they do the
closing today, the judge will wander off and maybe come
back to us sometime in the future with a verdict.
Is that how the Lapen thing's going to work.

Speaker 16 (21:54):
Yes, you're gonna have to wait quite some time for
that verdict though, Mike. Three first of March is when
we're looking at a verdict for Mariine Lapin and her
twenty four defendants. That was the last day of the
trial to Wednesday here in Paris. There's three judges, of
course on the panel. They've got just a watch of
documents to go through. What the prosecution asked for, of course,

(22:18):
was the maximum. Have found guilty, Marie Lapenn could face
five year prison term, three suspended, plus a five year
ban on holding public offers, which would be imposed immediately.
Of course, in a three hour long speech to the
court today, her defense lawyer said, well, she shouldn't be
found guilty.

Speaker 3 (22:38):
She was just doing the job.

Speaker 16 (22:39):
She was just helping the parliament to go and said
that in particular, that five year ban, he said, didn't
seem to be right, because if you're enforcing it immediately,
then that doesn't give her time to appeal. Now, of course,
detractors of Marie La Penn said, well, you know, time
to appeal that can take years in France. That would
give her a chance to run, and that twenty twenty

(23:00):
seven French presidential elections. So we're all now waiting till
the end of March bike to find out if it's
all turned bad for Marine Lapan, who spent the last
ten years attempting to rebrand her party and appear to
everyone as though she's a respectable political opponent.

Speaker 2 (23:18):
It's very trumpy, and isn't it what happens if she
gets found guilty, runs and wins. Does she get exonerated
like Trumplets.

Speaker 10 (23:25):
No, here's the thing.

Speaker 16 (23:26):
If she is, well, let's assume there's not going to
be a presidential election before next March.

Speaker 2 (23:33):
Mike.

Speaker 16 (23:35):
She if that once that is handed done, if that's
handed done, that five year ban and that starts immediately,
she cannot be an MP. She can't do anything, and
that would have to wait until the appeal process is
done and dusted, and that would be years.

Speaker 2 (23:48):
I like Alan Months, I like Francois Alone, who said
he was there of course, when Trump was there the
first time. He says, Elon Musk is the president. Trump
just doesn't know it yet. And what the EU should
do is stick it right up the Americans. They're going
to come at you with terriss hair. How anxity are
we about all of this?

Speaker 4 (24:04):
Oh?

Speaker 2 (24:04):
Completely?

Speaker 16 (24:05):
And the other thing you've got to remember about France
or Land is that, yes, he might have been a
bit of a failure as a French president, but when
it came to understanding people like Donald Trump and Vladimir Putin,
he got it bang on. As well as being president
of France during part of that first Trump presidency, he
was also president when Vladimir Putin sent Russian tanks in

(24:26):
to occupy Crimea in twenty fourteen, so he kind of
knows what he's talking about. He has come out in
the speech in London and said that in fact, Iron
Musk is far more powerful and far more influential in
Donald Trump's inner circle.

Speaker 2 (24:41):
Than we're made to believe.

Speaker 16 (24:43):
He thinks that he could be vice president, but in
fact he may well be as powerful as president of
the US. He also went on to say something which
we've talked about this before, Mike, everyone else knows it
is that Donald Trump doesn't believe that the European Union
is a part that as a political partner, as a
trading partner, or is it any other type of partner,

(25:06):
And that really what the EU has got to get
it back together to do is to be ready with
those sanctions as soon as it looks as though anything's
going to affect European businesses doing trade with America.

Speaker 2 (25:18):
How I read, there's a massive steel producer, and I
mean we all know about Germany. The governor's former partner's
a mass of steel producer from Germany. It's going to
lay off the next few years, eleven thousand people. Europe
seems really troubled at the moment, fiscally, economically, politically, morally social.
Europe seems a mess. Is it unfair or not?

Speaker 16 (25:40):
I think at this time, it's probably fair to say that, Mike. Yeah,
it is a mess. We've had not just the Russian
bear invading Ukraine. You've also got Russia imposing various things,
such as last weekend first round of the Romanian elections,
a complete outsider who's favorable to Moscow came through first
in the elect We've also got that political uncertainty in Germany.

(26:04):
You've also got countries in the Baltics bit worried. You've
got now the backlash, the economic backlash of all the
money that was given out during COVID that's now coming
home to roost. That You've got so many European countries,
and you know, France and Germany are among the biggest
coprits on the spike. They've got huge debts that back

(26:24):
date to that time when both and Gillimerckle and macarn
here in France said we will spend what it takes. Well,
the bills are in now, Mike, and we're having a
look at bond yields there well. Down people really are
talking about the possibility that if things go pair shaped
in France in the next couple of months, then France

(26:46):
could be looking at a Greek style economic crisis.

Speaker 2 (26:50):
Good, so Catherine go. Well, we'll catch up next with
Catherine Field in France. Where's this morning? Man Away from.

Speaker 1 (26:54):
Seven, they with the range rover, the last news.

Speaker 2 (27:00):
Mike, thank goodness for Phase two. Why do you say that?
You say that because you want some sort of retribution,
don't you You want somebody in phase two to go
It was their fault. They're no good, they were useless.
They should be hung, drawn and quarted. And of course
none of that's going to happen. A bunch of reasonably
obvious points are going to be made in Phase two
of the COVID inquiry. But then Phase two of the

(27:20):
COVID inquiry will join Phase one of the COVID Inquiry,
probably behind a door somewhere, never to be seen again,
gathering dust. And as I've said all along, any response
to a pandemic will be entirely reliant on who the
people running the country are that day. If they're useless,
you will get a useless response. If they're half decent,
you will get a half decent response. Inquiries will mean

(27:43):
ultimately nothing. Five Away from seven.

Speaker 1 (27:46):
All the ins and the ouse, it's the fizz with
business Fiber, take your business productivity to the next level.

Speaker 2 (27:53):
So terriffs, as we were referring to Trump, etc. Mexico
and Canada not just a europe worried. So twenty five
percent of mix, another ten percent on China. China as
you get a bunch depending on who you're dealing with,
what industry you're dealing with there, or you get a
bunch of towers. Anyway, the car industry, they're worried about
this Mexico. You see lower cost production. A lot of
them are in Mexico. They've been there since the nineties.

(28:13):
The industry itself responsible for twenty six percent of imports
from Mexico. Almost every major carmaker's got a factory there,
and they're responsible for twelve percent of imports from Canada.
So shares of GM they're down nine percent, market closed lost.
De Lansa shares were down five point seven percent. Ford
they don't have quite the exposure of Mexico and Canada
as the others do. They still produce vehicles and both

(28:35):
though their share prices down two and a half percent
to weote one hundred and others they're all down three
percent or less. Beer Constellation brands, Corona, all that stuff,
that accounts be a beer accounts for eighty six percent
of their sales, their share prices down three and a
half percent. They've also been straight up with the customers
saying if the tariff isn't posed on Mexico, they won't
be moving production, they will just be charging customers more.

(28:57):
And that is where the economists prior to the election,
not that anyone was listening to them, all said that
Trump is more inflationary than Harris and Biden because the
moment you put tariffs on. And this is the part
that the Trump trumper hollocks don't get is if you
put the tariffs on, you might protect a local industry,
but all you do is put the price of stuff up.

(29:19):
And when you put the price of stuff up, people
spend more of their money on the prices that are
more expensive than that is inflationary. And at the top
end of the market, for someone like New Zealand, you
get a top level bottle of pininir from Central Otago
and it might be sixty five dollars instead of fifty
five dollars. But you know, people have got the money.
They'll pay it, but nevertheless, and they'll enjoy it, but nevertheless,
it remains inflationary. Speaking of which bring it back home

(29:41):
are but yesterday Steven Joyce's next.

Speaker 1 (29:44):
You're Trusted Home the News for Entertainment of Opinion and Mike
the My Hosking Breakfast with a Veta Retirement, Communities, Life
Your Way News togsad.

Speaker 2 (29:55):
Be seven past seven, so fifty points. It was another
fifty likely in February. The forecast for growth of a cut,
more jobs still to be lost and that's the final
word from the Reserve Bank for the year. Form of
Finance Minister Stephen Joyce with us very good morning morning.
Those growth trimmed forecasts some some's not right here. There's
a lot of cuts, and we're supposed to be fizzing.
We're not fizzing.

Speaker 4 (30:13):
What's happening takes time, unfortunately. You are seeing some green
shoots of growth from what I can see in areas
like commercial property, not residential. You're seeing things. And obviously
the dairy industry is starting to go quee. Fruit's been solid.

(30:34):
Tech sector is pretty solid, but big, big employing industries
like services and retail have been flat as a pancake.
And of course residential property construction and so on, and
that's just going to take time. Unfortunately, you know, we're
dealing with a lot of hangover from our period that

(30:56):
goes right back to the beginnings of over pandemic. And
and frankly, I would say a heavy footed governor who
went really hard early, then went really hard up and
is now coming out of the way and it's just
for a lot of balance sheets that's just been too
bloody hat.

Speaker 2 (31:12):
He admitted that to a degree yesterday, not as much
as he should have, but he got there. He got
there in the end. As finance minister, if you were
finance minister, would have you wanted to have seen seventy five?
And do you listen to him with confidence?

Speaker 4 (31:27):
Well, if I was finance minister, of course I'd listened
to him confidence. Who's a Reserve bank governor. But I'm
not the finance minister's I can listen with a certain
amount of skeptism. The look, I truly don't think yesterday
is is sort of much either way. It's point five now.
Point five in February could have been point seventy five.

(31:47):
But in some ways that might have spooked more people
that have actually helped because they would have gone, oh,
you know, it's even worse than we thought. And the
real problem we've got right now is a whole lot
of people aren't spending because they're still not confident that
the pathway ahead for their businesses is solid enough. It's
the part of its confidence right now. If he really

(32:09):
wanted to know, to sort of break them ald a
little bit, then I would argue they should come should
have come back three weeks earlier at the end of
January and done something different there, just to show that
they were on the case. But I think that it's
probably not much of a muchness in the overall scheme
of things. It's going to come right to some degree
next year.

Speaker 15 (32:27):
But.

Speaker 2 (32:30):
Not not as right as they thought it was. And see,
here's my consumer with the politics of it all. So
they Luxing and Co. Put out a press release two
and a half seconds after Adrian speaks, and it's almost
like they are now in cahoots, like they're desperately looking
for Adrian to be right for political purposes so they
can then go and sell this message to the public.
And it's just it isn't there.

Speaker 4 (32:50):
Well, we all want Adrian to be right in the
sense of helping get the economy game, but I think
probably for the government. It's it's a case of having
to show even more urgency in some of the things
that I've been working on, you know, things like the
electricity market, which has a sting in the tail potentially
next year early next year, the banking sector where probably

(33:12):
the Reserve Bank has got off pretty lightly so far
in that context, and the government has to form some
strong views but also attracting international investment. Quite a lot
of talk so far, not to have a lot of action.
Those things are the sort of things that need to
move quickly to sort of give more confidence, because it's
confidence we're looking for in the economy now. And as

(33:35):
I say, there's some green shoots appearing now, I don't
want to be too doom and gloom because there are
you talk to some sectors things are starting to move finally,
but there's plenty of sectors yet, and some of them
have had structural changes that are not going to go back.
So retail has had a structural change with all these
international websites and so, and it's going to make life
more difficult. But I think the government's got to show

(33:57):
probably going to take five minutes off over Christmas and
then show renewed urgency in the first half of next year,
and frankly, the governor should be reflecting on just how
hardy pushed interest rates up, because these things have a
lag and he just went so hard for so long
in the same way he went down so hard for

(34:18):
so long that actually, you know, a lot of people's
balance sheets are really really weak, and unfortunately that means
the recovery is slower and longer because they don't have
the capacity to.

Speaker 2 (34:28):
Invest very well. So it is almost Stephen Joyce, former
Finance Minister, with us it's eleven minutes past seven. We
hear a lot of that sentiment in business, and that
is that this government needs to get some gonads and
a spine and harden up and make some bigger decisions
than they currently are. Speaking of which we've got action.
We've got an action plan of sorts. Given next year
is supposed to be the year we arrived as a

(34:49):
smoke free country. So here's what we got yesterday. Get
smokers to try and quit, give it another try if
it's previously failed. Improve access to quit smoking providers, provide
effective services and products. Stop people from smoking in the
first place. Anyway, that's all the work of Associate Health
Minister Casey Costello, who's will us good.

Speaker 15 (35:04):
Morning, Good morning mine.

Speaker 2 (35:05):
A very general sense, is there too much reliance in
this whole smoke free thing? Is there too much reliance
on the government wiping our bum and solving all our
problems or not? Do you think?

Speaker 15 (35:15):
I think that's what we've tried to do is step
it back to some practical application to those who want
to quit, and informing people of the services that are
available and leading people rather than the prohibitionist approach that
we had before.

Speaker 2 (35:30):
Because you're getting killed by the wonks who say you're
not doing enough. How much more can you do if
a person wants to smoke? What literally, short of tying
them up and locking them in a room, can you do?

Speaker 13 (35:41):
Well?

Speaker 15 (35:42):
I think that's the perspective, is that smoke free target
was always just to get below five percent, recognizing that
there will always be those that are long term addictive
smokers that have made their choices and want to but
about presenting support that those that we think need to
know there's some opportunity to help if they need it,
and connecting them with those services.

Speaker 2 (36:02):
And so you would argue, as we sit here this morning,
if you are a person who wants to look at
giving up smoking, there is plenty there to help you
along the way. And you've done what you can absolutely.

Speaker 15 (36:14):
And that was where I focused on and I've said
all the way along as the frontline workers that are
delivering quip smoking services, knew what was working, knew what
needed to be done. And there's a lot of people
who've tried to quit and just failed and kind of
given up like they want to, but that's got them
in their grips. So what we're saying is like there
is you know, we're going to look at ecommerceon and

(36:37):
vafing stater kits and things like that. They will give
them that one more chance to just given another crack,
and there's real benefits to it.

Speaker 4 (36:44):
If you do it.

Speaker 2 (36:45):
What you did walk away from was what the British
are doing right now and that is the age limit thing.
In other words, you will not be able to at
a certain birth date. Over time, they will solve that problem.
Do you regret walking away from that? Could that long
term have been something more effective than what you've actually done?

Speaker 15 (37:00):
And that was what lost in this conversation. You know,
the Late Health Survey which was measuring up to thirty
Jane fifteen to seventeen year olds less than one percent smoking,
under twenty four year olds four point two percent smoking.
So we already have, through what we've been doing, a
generation that isn't smoking, and we knew that the whole

(37:21):
that's true.

Speaker 2 (37:22):
But the number you cite is smoking, not vaping. Vapings
replaced smoking, as you well know, are we going to
be talking about this in ten years and having a
vape free community by twenty thirty five or forty five
or whatever.

Speaker 15 (37:32):
And this is where this issue's got conflated. You know,
the Royal College of Positions that vaping is about five
percent of the level of harm of smoking, considerably less,
not just a little bit less, considerably less. Yes, nicotine
addiction is a problem and we need to work through that.
But from a harm perspective, this thing that was killing
people at such high rates and such adverse health for pets,

(37:55):
vaping does not present that level of risk. And that
was the proportional discussion around risk proportion.

Speaker 2 (38:01):
I followed you with a great deal of interest in
the house, particularly at question time. You've taken the tremendous
amount of heat from the opposition how's that been as
an experience as a new MP slash minister.

Speaker 15 (38:12):
Well, I kind of always liken the house to being
giving evidence. When you're in the police, you know, you
know your facts, you stick to your point. You Yes,
they'll try and rastle you. But I had never done
anything wrong in this space.

Speaker 6 (38:24):
I knew that.

Speaker 15 (38:25):
And eventually it was disappointing because of all the things
that are going on and all the portfolios I've got,
This was just a tiny portion of work and yet
sort of got you know, I think I got my
first question that wasn't related to smoking after a year,
you know, in the house, and I've got custom serious
organized crime. I've got, you know, all the other health portfolios,

(38:48):
and this one kind of distracted everybody. But I think
it's come into a good place and you just navigate the.

Speaker 2 (38:53):
Storm, appreciate time as social your Health Minister Casey Costello
sixteen past.

Speaker 1 (39:00):
Red first full show podcast on iHeartRadio. Howard by News
talks that be.

Speaker 2 (39:05):
Sociate Governor Karen Silk from the Reserve Banks whether shortly
Adriana wasn't involved in some sort of Pacific governors meeting
this morning, He's not in front of the Select Committee either,
so he sort of vanished off the face of the earth.

Speaker 10 (39:14):
Mike.

Speaker 2 (39:15):
When you hose down the economy in print money the
way the Reserve Bank did, it takes a lot of
petrol to start the fire again. Stephen Joyce's spot on,
as you've been saying all along, it's so hard for
business out here. It's real, and I just think there's
a massive discount. I think there's a disconnect between what
the Reserve Bank sees and what's happening in the economy.
And I think, and I increasingly worry as I try
to point out to Steve, and I think there's a
disconnect between the government and the Reserve Bank. They're stuck

(39:36):
with the Reserve Bank governor. They should have sacked them,
they couldn't or didn't, and now they're trying to busily
spring I mean, if you looked yesterday, there were two
dueling press conferences going on. I watched the Joyce not
the Joys one, the Ore one. But at the same
time Willis and Luxen were out there telling you, you know,
the economy is on it. You know, they're desperately trying
to see the good in the economy, and you can't

(39:56):
blame them. It's their economy, but it's not as good
as they make it out to be. And it's not
as good as they make it out to be because
the guy who's running the place or isn't that good.
He hasn't been that good, and he continues not to
be that good, and so they're trying to make a
silk purse out of a sousa. Mike, the RB nailed
it by pausing at four point three five RBA the

(40:17):
Australian Bank pausing at four point three five in comparison
or as a complete bloody shocker, and the economy and
households are paying the price while he swands around on
eight hundred thousand dollars a year. Ask the average Australian
though they are not feeling too bullish themselves. They can't
afford the power bill, and they can't afford to buy
a house. They are no question materially better off than
we are, but they don't see it, and that, I

(40:39):
guess is sort of an example of the Yale politic.

Speaker 1 (40:42):
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How If They News Talks.

Speaker 2 (40:50):
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more information Pasking seven, twenty four. I'm more knowledgeable about
the Pike River tragedy than the Tony Gibson Auckland Port
court case. But out of Pike River came the law

(41:53):
that got Gibson yesterday as former boss of the Port
of Auckland over the death of the worker. Now he's
been found guilty, he may appeal. You would imagine if
the verdict stands and a penalty is imposed, it would
have a severe chilling effect in the world of CEOs.
Just where is the line for a boss in looking
after the safety of the staff beyond the broad based
and widely understood rules we have currently and do. Court

(42:15):
cases like this now reset those boundaries as to what
you must do or might do as regard safety in
a large workplace. Some workplaces are inherently dangerous, of course
because of their nature. Rules will be in place, But
how tight do those rules need to be? And it's
out of that sort of expectation if you think about it,
the life in general can sometimes be brought to a
sort of a standstill by the just in case mentality.

(42:40):
Work in safety driven by good intention stifling in the
real world, that's your potential problem and taking the very
specific responsibility right up the chain to the corner office
for a person not falling off or falling over or
falling into something. That's a tremendous amount of very specific expectation.
I would have thought, especially in a large company, when

(43:00):
the numerical gap between the boss and a bloke on
the floor or a machine might be large. It's an
interesting concept, I think, to judicially skip any number of
people between the victim and the CEO. What I don't
know about Pike River was it was a top down mess.
If you were looking for blame, there was no shortage
of it to spread all about the place. A lot
of people wanted Peter Whittle if you remember, to pay,

(43:21):
but that was more predicated on him being an easy target,
not because he and he alone was responsible. How much
of this new law came out of that same mentality, Oh,
I don't worry about the detail or the fairness. Just
let's look to have somebody pay. And if that's what's
driven it is that good law or a lot of
potential trouble and a reason not to be the boss
asking right stuff. You won't have heard around the media

(43:44):
being trumpeted as it should have been. There's fewer than
a thousand families living in an emergency accommodation. This will
be news to you because you haven't heard it way
having you heard it, fewer than a thousand households living
in emergency housing. Is that a big drop? Yes, it is.
How big a drop is that, Mike, Well, it's a
sixty eight percent drop since septem So by the end
of last year you had three thousand, one hundred and

(44:04):
forty one households. That's down to nine hundred and ninety three.
Came out of a thing called Priority one. It's a
fast tracked policy. Households with kids were moved straight to
the top of the social housing waitlist and since then,
seven hundred and eighty six households, including sixteen hundred and
eighteen kids, who were in emergency housing, have been placed
in social housing. So that's a policy that's working in
the government. Buy and Large has had a very good week.

(44:25):
They opened a police station in Auckland. These things are
not hard to solve. This is what I'm trying to
tell you. These things are not hard to solve if
you're focus and you do it right. So they opened
a police station downtown Auckland. Good idea, excellent idea. Why
hadn't they done that before because we were run by idiots.
Changes to the way they build social housing in this
country with charitable housing, good idea, simple idea Sport New Zealand,

(44:45):
big fat review into that good. Let's hope something productive
comes out of that. Now we found out there were
a fewer than a thousand families living in emergency housing
under the previous government. It was a disaster. The queue
was growing. Asked the people who wrote Arua how that
was going for them all of a sudden, Give them
twelve months and a bit of logic and you've half
got your problem solved. Now speaking of the problems, back
to the Reserve Bank Associate Governor Karen silk Is. But

(45:08):
moments away here at news Talk.

Speaker 1 (45:09):
Save the newsmakers and the personalities the big names talk to,
like the my costing breakfast with the range rover bella
designed to intrigue and use consentad Be.

Speaker 2 (45:24):
James for assigned a chat possibly for the final time.
I'll tell that story. You'll let him tell that story
after right meantime, Back to the Reserve Bank and the
state of the economy. Inflation partly under controlled non trade
will still the problem. Fifty point cats another unlikely infegory
on our way to a neutral number of about three
percent by the middle of next year. The rby's Associate Governor,
Karen Silk, is with us. Good morning, Good morning mate.

(45:44):
I was surprised to I was surprised. We had a
lot of things yesterday in the press conference, the seventy
five points, how little consideration was given to them.

Speaker 14 (45:54):
Yeah, Mike, we consider all potential and restraint changes, but
we could settled on fifty basis point being cut being
the most appropriate fit at this point to support both
our primary inflation and secondary obviously our secondary objectives, and
it's all about charting a steady course.

Speaker 1 (46:15):
Of action.

Speaker 14 (46:17):
And around what best enables that. The fifty fifty point
basis recognizes that wonderful news inflation headline inflation back within
the target range, and we have a pretty good level
of confidence about that remaining there. But it's got under
the over in terms of how we've managed to get there.

(46:40):
On the one hand, you've got weak global growth, lower
inflation off shore that's leading to lower import prices, which
is good news. On the other hand, domestic inflation that well,
that's coming down, that's still sitting outside of the target range,
and so we're still you know, we still look for

(47:00):
that comes back at least to the top end of
the range, which is where it's historically sat.

Speaker 2 (47:05):
Do you think it will because Transpower were given clearance
the other day to raise six billion dollars, all of
which will be inflationary. As long as that's going on,
then you get insurance, then you get the councils. As
long as that's going on, non tradables going nowhere fast,
is it?

Speaker 14 (47:19):
Yeah, Yeah, there's definitely a mix of things. There is
some persistence and domestic inflation from you know, what we
would recall what would refer to as items that are
a little less responsive to monetary policy, and you know,
but there are also some things in there that are

(47:41):
just slow moving, and you know, rents is a good
example of that. But as you say, there are things
like insurance and rates and so you know, those were
kind of things that will tend to also hold domestic
inflation towards that higher end of the range as well.

Speaker 2 (48:00):
Point two five fifty, all things being equal, coming in
February year STI, you got one hundred and twenty five
points to get rid of by the middle of next year.
So that's another fifty in twenty five. Is that roughly
how it will play out?

Speaker 13 (48:11):
Yeah.

Speaker 14 (48:11):
So what we've indicated in our track, based on the
economic conditions that we're looking at today and our forecast
for next year, we're looking for more carts earlier in
the earlier part of next year, and then are gradual
tapering off over the years.

Speaker 2 (48:27):
When you talk about productivity as you did yesterday, how
worried are you about the brain drain?

Speaker 15 (48:34):
Oh?

Speaker 14 (48:35):
Yeah, migration's definitely up.

Speaker 2 (48:40):
And well yeah, but the problem is they're all leaving
and fewer and fewer people are coming in, and the
chances are we're going to be going backwards. None of
that can be good for the economy, can it.

Speaker 16 (48:50):
Yeah.

Speaker 14 (48:50):
So there's two things. You know, you'll have seen that.
There's a we we lowered our growth outlooks for the economy.

Speaker 2 (49:01):
Is that because of that, By the way.

Speaker 14 (49:03):
There's tooths there one population growth, so we lowered our
estimates of future population growth sitting in there. So that
has some impact. The second impact to it was is
our assessment of productivity and New Zealand's productivity levels are low.
We have businesses that tend to focus on hiring labor

(49:25):
rather than doing the uptrame investment in capital that may
you know that will help help us do things quicker
and faster. When you have low productivity levels, your potential
growth is lower.

Speaker 15 (49:39):
So that is what the other driver are.

Speaker 2 (49:41):
Those two things that you can't daw bone. You wish
you could, but you can't. So one is the productivity.
We've had this discussion for decades in this country. We
were just no good at it. The other one Adrian
reference getting money out of housing and into something else
that doesn't happen either. Are you frustrated by that?

Speaker 14 (49:58):
I think most New Zealanders should be f strated by that.
Mike productivity, There are things New Zelen can do about that.
A lot of those things don't sit within the Reserve
banks wheelhouse. You know, there are certainly things that need
to happen to think about improvement of access to capital,
improvements in willingness for businesses to adopt the pace of technology, faster,

(50:27):
investment in R and D, all those things. Education we
need our education up. All of those are things will
drive that's outside of our out outside of our wheelhouse house.
Prices look, interest rates do impact on that. We are
forecasting a bounce in house prices through next year of

(50:47):
the off the back of lower interest rates, but we're
not expecting that to be a significant growth story moving forward.
There are things that initiatives that governments talking about which
will increase there creates the ability to improve the supply
of housing. We definitely need to see that to stop

(51:08):
that circlical case. And on our side, the introduction of
depth and some ratios sure that over time helps move
the cycle right as well.

Speaker 2 (51:19):
I've never talked to you before, so it's an apt
time to ask the question. Given that we've had three recessions,
most likely three recessions in two years, do you carry
personal responsibility and feel bad for what you've done to
this country?

Speaker 14 (51:32):
Do I feel bad? But the best thing that we
can do is ensure that there's price stability in this economy.
So low stable inflation is the best thing that we
can do for economic wellbeing. Monetary policy has been proven
to be the best thing to support that, and that
is meant that we have had to undertake actions through

(51:55):
restriction of monetary policy to get ourselves back will to
get New Zealand back into a we have low stable inflation.

Speaker 2 (52:02):
It you're giving me the Reserve Bank line, Karen, I'm
talking about all the other reserve banks that haven't had
three recessions. You guys have cocked it up worse than others.
Does that make you feel bad?

Speaker 14 (52:12):
I don't think we have cocked it up, Mike. I
think what we've done is respond to the conditions.

Speaker 13 (52:17):
That we have.

Speaker 14 (52:18):
There are things that are different about this economy. If
you want to compare us to the US, the big
difference between New Zealand and the US is our productivity levels,
results and we can do things. We can grow without
creating capacity pressures which lead to inflation. So we're responding
to the conditions that we have here in New Zealand.

Speaker 2 (52:40):
Appreciate your time, Karen Silk, who is the Associate Governor
of the Reserve Bank.

Speaker 1 (52:44):
Sixteen two, Come the Vike Asking Breakfast Full Show podcast
on iHeartRadio Power by News Talks.

Speaker 2 (52:51):
That'd be great interview. Mike insightful, like or Karen. Both
exhibits zero accountability.

Speaker 6 (52:56):
Mike.

Speaker 2 (52:56):
In fact, you can't speak to anyone in business after
midday on a Friday's why we have poor productivity. It's
the mentality. I think there's something in that to be Frank, Mike,
guess what also slow moving my business interest has killed
me the last two years. All that money that could
have been in taxes going to someone at the bank somewhere.
Reserve Bank needs to take responsibility. Mike, listening to your
summary only not wrong with your reflection. Less people or

(53:17):
fewer people and the need and to please, and no
end insight for the hospital crisis. But not high on
the feel good love you work appreciated at Mike. I
work down at the ports. This is regards the court
case yesterday. I worked down at the ports. They have
incredible amounts of training for h and s. However, no
amount of rules will stop people being stupid or doing
something stupid. We are taking personal which is not to
say the tragedy, by the way, was stupidity. We're taking

(53:40):
personal responsibility away from individuals. I tend to agree accountability
is one thing. But you look at a company the
size of a port and you're saying, the bloke down
there on the container is being looked after directly by
the CEO in the corner office, and that's a big
long bow to draw. Legally speaking, I've been thinking all
morning about your comments that the Trump ites just don't

(54:01):
get the tariffs or inflationary. I think they do to
put jobs at home before that, and they also realize,
for instance, that buying cheap Chinese goods at just below
full price is in fact more inflationary. Here's a woman
that John King talked to a while back on CNN.

Speaker 5 (54:15):
Why are we bringing Argentinian beef in? Why are we
bringing New Zealand and Australian beef in and then exporting
some of our beef. Why don't we first just feed
our beef to our Americans?

Speaker 2 (54:28):
And that's what he tapped into so successfully in the election.
Of course that doesn't make sense, but they believe it,
and if they believe it, it's real. Tender way my cost
gilbreakfas with Bailey's real estate news talks. They the light
turven away from Lae. Black Caps are about to get
their summer of cricket underway, first of three tests against
England mcginns in the Garden City this morning. Russian Revender

(54:50):
is with us. Very good morning, good man, very well.
How's the week been by way a build.

Speaker 17 (54:55):
Up, Yeah, it's been good obviously, t this week's always
an exciting time and we've been able get underway and
seeing all the boys again is always fun. So it's
been a good sofer.

Speaker 2 (55:04):
And do you have a personal attachment to christ Church
in terms? I mean, to my eye, it's the most
beautiful place to play test cricket. Do you agree or
is there somewhere else for you?

Speaker 17 (55:13):
I can't completely agree with you there. I do really
like the city christ Church, and I love the Grand
hagli Opal, but I think Wellington, based in Reserve, takes
the cake. Obviously I'm a little biased in that place,
but that's the one for me.

Speaker 2 (55:25):
And they tell do you have any indication of tickets
for Christians? Because they're told I'm told Wellington's a sellout
or virtually a sellout.

Speaker 17 (55:32):
I'm pretty sure it's heading that way, if not already
that way. At Hagley, it's pretty cool to see the
interest in the series and loving you doing public geting
behind us, and I mean home summer packed. That crowd
is up and really better, is it?

Speaker 2 (55:45):
Yeah? Exactly? So how much do you reckon of what
happened in India has led to this then and the
increased level of interest in expectation?

Speaker 17 (55:53):
Yeah, obviously it's always hard to tell, but I feel
like there is. There's a lot more I use people
when they're walking around just saying congratulations, done and India
and stuff.

Speaker 6 (56:01):
Which is cool.

Speaker 17 (56:02):
I think. I feel like the viewership was through the
roof for currict, especially with it starting at five pm,
was a great time for people after work, et cetera.
But I mean that's what we want, right, We want
the public tea behind us and hopefully we can keep
inspiring people to keep playing the game and more than
the cricket itself, also being good people off the part
two and our little interactions that we have with fans,

(56:23):
So that's that's important to us too.

Speaker 2 (56:25):
And do you walk tall of because of India or
does the precious sitting going jeez, we did that. We
better carry on.

Speaker 17 (56:32):
I think as a group, I think we're pretty good
at managing that expectation. Plus you know confidence. Look, we're
as a group what is confident in our ability and
we trust each other to go out there and do
the job. But at the end of the day, we
know England are a good side and challenging side too,
but also understanding the conditions are very different to India,
so it's a different ball game. But you do take
you know, momentum and stuff plays plays a big factor,

(56:54):
but at the end of the day, it's a new series,
completely clean slate, so we'll go out there with that mindset.

Speaker 2 (56:59):
I think, do you play a lot of weight on
the home team ground advantage?

Speaker 17 (57:04):
I guess so, but also understanding that England playing very
similar conditions too, you know, fast ball, the dominant swing,
swing conditions, nipping conditions, so it's not too fine for them,
So I'd say it's a little more balanced than say,
you know, us sitting to India was spinning and stuff,
completely different conditions.

Speaker 2 (57:20):
Okay, here's the thing we came up with on the
show the other day. I asked the question, Guy Hevelt,
who's into cricket? He backed you guys, But I asked
this question, Auckland FC football, right, first year in the league,
top of the table, they go and win the whole
competition in their first year. Is that the Hellberg Prize
winning team of the year or is it the black

(57:41):
Caps in India?

Speaker 17 (57:43):
I look, I can't, I can't come in on there.
I guess I'm too invested in one of the teams.
And also I'm sorry, aukwand I'm a willing to fox.

Speaker 2 (57:52):
Guy all right, fair enough, listen, go well to appreciate
it very much. Your weathering track is all good and
it is a sellout. We can't get We're just trying
now to get a ticket, but we can four minutes
away from eight Pascal by Casey Costello. Doesn't listen to advice,
lie to the cabinet. What an embarrassment, no value, is
no conscience. No one voted to let kids start vaping?
Blah blah blah. What is it you want the government
to do? Just do you want the government to sleep

(58:14):
with you as well? Would you like them to vacuum
your house? Just where does the government begin?

Speaker 18 (58:18):
Is that an option?

Speaker 1 (58:19):
No?

Speaker 18 (58:19):
Get in my house? Work done?

Speaker 2 (58:21):
I'm watching these people in the last couple of days
going and that government's not dying. At what point, if
you're a smoker, and whether you want to give up
or not is your call? At what point is that
on you versus on the government that will presumably wave
some magic wand paid for us all so you can

(58:42):
solve your own What if.

Speaker 18 (58:43):
They did come and wipe your bum for you with
your cigarettes?

Speaker 2 (58:46):
With that, I reckon that wouldn't last long because you
get embarrassed. Wouldn't you you go, case you get out
of my house. Ten dollars futures market, ten dollars futures
market for dairy. It's gone through and out the other side.
It is only the futures market. It's yet to unfold.
But the futures market is quite often right, and they
got a vibe for what's going on. The demand is

(59:07):
there from China. This is another thing that wasn't widely
reported enough yesterday. So the demand is there from China.
The futures markets through ten dollars. We are breaking record
after records, so we take that all day long. Speaking
of records, segue Mitch James. Oh comes Bet Glen metch
James shortly.

Speaker 1 (59:27):
The Breakfast show You can trust the Mic Hosking Breakfast
with Bailey's real Estate, your local experts across residential, commercial
and rural news togs.

Speaker 2 (59:37):
He'd been a seven past eight. The Mitch James story
is one of music's better ones. I think open mic
nights and busking on the streets of London, where if
the public weren't generous with the tips, then he'd be
sleeping on the street that particular night. Eleven years later,

(59:58):
we think we've got his final single Beautiful Strange to
The final single is from the album, which is due shortly.
So is it really over? Mitch James as well, It's
good to see.

Speaker 3 (01:00:09):
You again always mate.

Speaker 2 (01:00:10):
Now is it over?

Speaker 4 (01:00:12):
Yeah?

Speaker 3 (01:00:12):
It is, Yeah, it is.

Speaker 19 (01:00:14):
It's it's been a crazy journey, like you alluded to.
I remember coming in here about eight years ago, scruffy
little warriors had on and everything.

Speaker 3 (01:00:22):
But yeah, it's been a crazy journey.

Speaker 19 (01:00:24):
But I think personally, I've just come to the end
of my teather with the industry. It's a very messed
up and at times evil industry that yeah, I think.

Speaker 3 (01:00:35):
I've got nothing more to prove.

Speaker 19 (01:00:36):
And when you're sort of stuck in that, in that
washing machine of an industry with you evil people and
thieves and snakes, you know, when you don't have much
more to prove and you're looking at the guitar in
the morning and it's not looking as beautiful as it
used to, I felt like I just needed to step
away to sort of preserve that care love for the music.

Speaker 2 (01:00:57):
Wow, So what's gone wrong?

Speaker 19 (01:01:01):
I think firstly, I think, you know, I'm grateful that
a lot went right, you know, I think ninety nine
point nine percent of musicians aren't lucky enough to be
in the position that I've been able to, you know,
tour the world and play with my heroes and get
hundreds of millions of plays. But I think to keep
it succinct because I could. I could be here for

(01:01:21):
hours explaining the ins and outs of it. But I think,
you know, I fell out of favor with a record
label and trying to basically climb up the ladder. And
then once I got onto this newer, bigger record label,
the executive who was in charge of sort of champion
championing me, he got into a very big scandal over

(01:01:44):
in Australia, which was national news over there, and he
got fired and all his team got fired, and then
I was.

Speaker 2 (01:01:51):
Sort of the casualty.

Speaker 19 (01:01:53):
Yeah, I was a casualty and very much the little
cousin from New Zealand as we see with Australia and
all sorts of areas. And I came back with my
tail in between my legs, and I was no longer
viewed in a positive light by people in the industry here.

Speaker 2 (01:02:10):
And that is that on you or was that just
a set of circumstances beyond dual control.

Speaker 19 (01:02:16):
I think it's you know, in retrospect, it's probably a
bit of both. You know, I always had the idea
and mindset of I'm going to put New Zealand on
my back and take it to the world. And I
was never, never ashamed of that, and I definitely wasn't
afraid to step on some throats but to do that,

(01:02:37):
and I think I had the right sort of mindset.
But you know, when you try and apply that in
a very radical way, sometimes it comes back to it.

Speaker 2 (01:02:44):
So you're a bit competitive for their liking.

Speaker 3 (01:02:47):
I think that's that's a great way of putting it.

Speaker 2 (01:02:49):
Yeah, okay, so what they would like is for you
to come along, be grateful that you're a talent being
picked up by a record label. They'll manage you, you
do as you say, and that'll all work out well.
Is That's sort of the way it's supposed to.

Speaker 19 (01:03:00):
Yeah, And to be fair, you know, all of my
initial success was with this record label. But yeah, it's
a petty game and a lot of people are very, yeah,
very petty, and so you know, once I came back
with my tail between my legs, I think, you know,
they wanted to prove a point and sort of bury
my stuff. And it never sort of reached the same

(01:03:21):
heights as it did. But you know, I have a
great core group of fans who you know. I still
got to tour the world after on my own world
tour and that was amazing. But you know, to reach
those heights, you definitely need a machine behind me.

Speaker 2 (01:03:36):
I was going to ask that. So you're still telling
me in twenty twenty four, because there's so much of this.
I did it in my bedroom, and I've got my
own recorder, and i put it on TikTok, and I've
gone to the world and beaten success. You're arguing that
there's still a structure in the music industry that requires
an established record label or a group of people to
get you out to the world successfully.

Speaker 19 (01:03:53):
I would definitely say so. And I could sit here
and debate that point for a very long time.

Speaker 11 (01:03:59):
You know.

Speaker 19 (01:03:59):
I think people like to have the idea that you
can do it from your bedroom, and that it seems
like a very attractive idea and theory. But the way
that the internet works and the current industry works, I
would argue you need a structure more than ever, just
with the way it sort of goes at the moment.

Speaker 3 (01:04:20):
And yeah, I wouldn't know.

Speaker 19 (01:04:20):
Where to start off if I were, if I was
starting off now, And like I was saying to you
off air, I'm very grateful for, you know, the journey
that I had, even in retrospect with all the ups
and downs, I'm grateful that I did have that machine
to take me to places because I wouldn't know where
to begin now. But yeah, I would say that that
you definitely need those people more than ever. But they're
just sort of disguised in different ways, I guess.

Speaker 2 (01:04:43):
So what's your state of mind where as this realization
came to you? You bit are angry, grateful?

Speaker 3 (01:04:49):
I think, yeah, probably all of the above. I think it's.

Speaker 19 (01:04:53):
Yeah, I think once you know, once you've tasted these heights,
it's it's hard to let go of. You know, everyone
has an ego. But yeah, I'm very very grateful. I
think grateful would be a good sixty five percent chunk
of that pie.

Speaker 3 (01:05:08):
But yeah, it's an ongoing sort of I wouldn't.

Speaker 19 (01:05:11):
Call it a battle. It's sort of call it a
journey that I'm sort of on at the moment. You know,
some days I wake up and I sort.

Speaker 3 (01:05:19):
Of clinched my first at the air.

Speaker 19 (01:05:21):
And think, you know, still I still have it in
the tank, you know, like I can still play for
thousands of people, and I feel like I'm better than ever,
and I feel like my songs and songwriting's getting better
than ever. So that in a sense, you know, it's
very bittersweet, but you know, I'd be silly to not
be grateful for the amazing experiences I've had. You know,

(01:05:42):
like I came into music with the goal of playing
R and V and having one hundred thousand streams on
my song, and you know, I got to open for
Edge here and have my own world tour, and I
got three hundred million streams. So it's you know, I
really blew it out out the part compared to my
initial expectations.

Speaker 3 (01:06:01):
But you know it's like once you taste that, you
want more, you know.

Speaker 19 (01:06:05):
Yeah, I think everyone sort of can allude to that
in their own way in their life. But you know,
looking back and looking forward, I've got some really exciting
doors that are opening in other fields. And you know,
if it was never going to happen in the future,
I can definitely look back and be incredibly grateful. It's
a zero point zero zero zero one thing that I've

(01:06:26):
got to do. And you know, the people are the
are the ones that come to the shows and listen
to the music. So I'm forever grateful for anyone who's
listened or got more tender.

Speaker 2 (01:06:36):
So you've got an album still to come. There's a
story behind that we don't have time to tell, but
it will be out hopefully by the end of the year.
If you're doing a little bit over the summer, I think, yeah,
confess here and there. Yeah, and you're going to sing
us a song that has never been released.

Speaker 19 (01:06:50):
Yep.

Speaker 2 (01:06:51):
In a moment, look, I am look forward to it.
More from Mitch James in a moment fourteen past.

Speaker 1 (01:06:57):
The Mike Husking Breakfast Full Show podcast on I Heard
Radio Howard my News Talk Sippy.

Speaker 2 (01:07:03):
He talks every seventeen minutes past eight to Mitch James
for the final time until he announces has come back
and out of retirement. Consort of stuff. What's the song called?

Speaker 3 (01:07:12):
The song is called my Favorite Color and fantastic.

Speaker 2 (01:07:14):
It's never been heard, It's not really not it's not
out there.

Speaker 3 (01:07:17):
Only for you, Mikey. Trying to meeting someone no to.

Speaker 20 (01:07:31):
You always feels kind of good too, until that one
part of the night when they ask my favorite color,
and I have to like, how could I have a
telling It's not blue like the Arsan, it's not quite

(01:07:53):
light skies. It's deeper than the stormy scenes. Even when
he cried.

Speaker 2 (01:08:01):
Well, it's not like me to start off telling him.

Speaker 20 (01:08:05):
Lies, But how could I ever describe the color of yours?
The color of yours? Hi, It's in my head and
it won move coming in like a tide too. I

(01:08:36):
thought it faded with the time, but when I'm out
with another it goes all right. So they ask my
favorite color. It's not green like the forest. It's not
green like the high that we had at my flat
that day. We laughed until he cried high. It's not

(01:09:01):
like me to start I'm selling lies. But how could
I ever describe the color of your wrist.

Speaker 2 (01:09:15):
The color of yours?

Speaker 20 (01:09:23):
It's not that I I've been trying to keep you
in my mind. It don't matter the person to ask me.
Every time when you'd ask me, I've never had to lie.
I couldn't wait to say your favorite line, it's the

(01:09:45):
color of your eyes, say.

Speaker 2 (01:09:50):
In sessional world. Done, I It's been a pleasure. We'll
meet again and talking all that sort of stuff. Give
us thirty seconds on your new job? Can you tell
us thirty seconds on your new job?

Speaker 3 (01:09:59):
Absolutely can reveal a little bit.

Speaker 19 (01:10:01):
I'm trying to get into the well, I am getting
into the sports media space. I'm doing my own thing
with someone who's actually in this building, and that'll be
called I'll give it Away.

Speaker 3 (01:10:13):
I'll give it away for you, Mike. You've been nice
to me over the years.

Speaker 19 (01:10:16):
It's a sports culture and sports bidding podcast called Our Year,
which is sort of an alluding to the Warriors.

Speaker 3 (01:10:24):
It's our year every year.

Speaker 19 (01:10:25):
Yeah, and I've got a few really exciting things in
the space that I can't reveal too much about because
there was some other and bigger entities. But yeah, I'm
looking to get knees deep into the sports media space.
And that's been a passion of mine much longer than
music had been. So I'm very excited and I'm looking

(01:10:48):
forward to chasing another passion.

Speaker 2 (01:10:50):
Good on you, mate, Well go well with it, and
you're welcome back here anytime. And I've thoroughly enjoyed meeting
and chatting with you and listening to your music over
the years and stuff always Mike, thanks so nice. To
see Mitch James like twenty one the.

Speaker 1 (01:11:01):
My costing breakfast with a veeeda retirement communities use to eDV.

Speaker 2 (01:11:06):
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Health Osky twenty five rerun of the interview, Please Mike,
Mitch James. Wow, Mitch James, Mike, excuse me, I've never

(01:12:10):
heard of this guy. His voice though, that sweet guitar
workers retirement's a waste, Mitch James. He's good, hope, he
keeps going, great song. So you like a bit of
Mitch James thoroughly enjoyed him. It really was a fantastic story.
I remember a year years ago, eight nine years ago this,
you know, out of London busking, the whole thing. It
was one of those dream come true type things. It's
funny how the arc and the circle of life? Can

(01:12:32):
you have an arcanda circle of life in any other circle.

Speaker 18 (01:12:34):
Of yess that goes on long enough, it becomes.

Speaker 2 (01:12:37):
A circle, doesn't it.

Speaker 18 (01:12:38):
That's deep in there.

Speaker 2 (01:12:38):
It was fantastic in the Senate yesterday in Australia, very
Maori party. So if you think the Mari party was
highly entertaining. Hey, you should have been at the Senate
of Australia yesterday. Fatima Payment accused Pauline Hanson of racism,
questioned her eligibility to sit in the Parliament. This was
Hanson doing the questioning. Payment labeled Hanson vindictive, mean and nasty.

(01:12:59):
Then prompted the independ senator Lydia Thorpe to tear up documents,
all tearing up documents in parliament? Where have we seen
that before? And walk out in support. Labour had joined
Hansen to allow documents to be tabled in the Senate
questioning Payment's eligibility. Payment fired up the fact that you
would say, just weeks ago to Senator Faruki, who's another

(01:13:21):
person piss off back to Pakistan. You're not just vindictive
me nasty. You bring disgrace to the human race, so
Payment said, while she was honored to live rent free.
In Hanson's mind, it was outrageous to waste time in
the Senate where there was a legislative agenda to address meantime.
Lydia Thorpe walks out, having thrown the papers at Hanson

(01:13:44):
on the way out. She then gives the middle finger
over her shoulder as she leaves the chamber. So it's
all on.

Speaker 4 (01:13:49):
It's pretty good.

Speaker 18 (01:13:50):
I haven't heard anybody call somebody to disgrace to the
human race as high school precisely.

Speaker 2 (01:13:54):
Senate President Sue Lyons has advised the Parliamentary Workplace Support
Service of the incident will review it, and they partially
reviewed it. Because they've banned old Lydia from the Senate.
We've yet to work through because the parliament's not sitting
yet again, the Parliament's not sitting in this country, so
they haven't got to the Privileges Committee and all of that.
So that's that's a bit of fun still to come

(01:14:15):
for next week. But Jesus all going Australia, Australia and
New Zealand fun times in twenty twenty four. Right, let's
get to Britain in the moment. Rod Liddle this next
after the news, which is also.

Speaker 1 (01:14:23):
Next big News, bold opinions, the mic asking, breakfast with Vida, retirement, communities,
life your Way news, togsad be.

Speaker 2 (01:14:35):
That's the other thing out of Australia should have told
you about before the news, but it didn't have time.
Independent MP Andrew Wilkie, this is the business. They're running
the Parliament up until the end of the week and
then that's it for the year. And they got a
whole bunch of stuff they want to try and get through,
one of which is this much talked about social media band,
which doesn't appear to be going particularly well for them.
And the Independent MP Andrew Wilkie said yesterday he had

(01:14:57):
backflipped on supporting They thought they had, now they don't.
He said, I've backflip because I've worked out and I
have a confession to make. The whole thing's nonsense. So
as far as beckflips go, that's quite good. Meantime, in Britain,
here's kimming.

Speaker 21 (01:15:13):
While he flies around making unilateral commitments. Back home.

Speaker 3 (01:15:17):
The real world.

Speaker 21 (01:15:18):
Effects are businesses closing in Bedfordshire and Basildon. Does the
Prime Minister stand by his promise to ban the sale
of petrol cars by twenty thirty even if more jobs
will be lost.

Speaker 2 (01:15:29):
So the pressures on, of course, and it's not just
in Britain but all over Europe. At the moment he
is Sekiah.

Speaker 7 (01:15:34):
I would remind the leader of the Opposition that the
Evy mandates that are an issue in this particular case,
were actually introduced by the last government.

Speaker 13 (01:15:44):
International correspondence with ends and eye insurance, peace of mind
for New Zealand business in Britain.

Speaker 2 (01:15:50):
A little morning, mates.

Speaker 12 (01:15:52):
Good morning, she's beginning to she's beginning to chip away
at Sakiah and is easily on top. Sure in pmp's
most most times. These are interesting times.

Speaker 2 (01:16:04):
Indeed, how much trouble is the government in industrial Britain.

Speaker 12 (01:16:09):
It's in huge trouble. You know. It's now become all
those decliche to say that the first one hundred years,
first one hundred days of the God forbid for one
hundred years, those one hundred days of the clear Starma
administration was the worst in history and certainly the worst
sins in nineteen thirty. It's a Ramsey McDonald. I suppose
you might argue. The suspicion now is that the second

(01:16:34):
one hundred days it's going to be even worse. You know,
it really is looking grin. Partly is the consequence of
the budget. Partly is the consequence of things that the
government can't adjudicate for but might have taken into mind.
So the stuff it wants to do, which is grow
the economy, it can't do that because the employers are

(01:16:56):
handstrung by this increase in national insurance and so they
cannot pay more wages, They cannot take more step on
without incurring excessive debts. Similarly, you know they put up
this year the year twenty thirty year zero stuff. This
is ed Milliban's brainchild, a man who should not be

(01:17:16):
near the leavers of power. And already that is beginning
to sap as a consequence of the people who make
the electric cars which would enable us to move towards
that position, getting the hell out of the country because
the climate industrially isn't right for them to invest. And
that is a damning indictment of a government which said

(01:17:38):
that it was going to grow the economy. The economy
is shrinking, may go into recession and also keep inflation down.

Speaker 4 (01:17:45):
Inflation has risen exactly.

Speaker 2 (01:17:48):
So where are we at with the Texas because last
time we talked, I think there was that speculation that
the economy was so mired that they would need to
put up more Texas. Is that going to happen or not?

Speaker 12 (01:17:59):
Who knows, mate. Here's what we do know that stung
by the criticism of the budget and by the furious
reaction of the Confederation of British Industry and also industries
individually about what these rises in national insurance will mean
for their business. The Chancellor of Rachel Reasons will wheeled

(01:18:23):
out to say there will be no more hikes in taxes.
That's it, there will be no more. Oh well, we
all sat back with a degree of relief, until five
minutes later she was contradicted by a cabinet collie who said, well,
there might be a few. This is the way the

(01:18:45):
government is going at the moment. It really has been
a catastrophic one hundred and fifty days for labor and
there are no signs of the moment that it's getting
any better at all.

Speaker 2 (01:18:57):
Here's my problem in my ongoing fascination with like versus
Tory government. So I'm reading with a great deal of interest.
There's there's million young people who do nothing. They're not
in education, they're not in training, they're basically unemployed. They're
going to be paid neither the list. So this new
labor government comes out and goes, well, look, you know
we're going to guarantee you some training, some apprenticeships and
all that sort of stuff. How was it ever possible

(01:19:19):
that a Tory government was in power for so long
and allowed people to sit and do nothing and yet
paid them.

Speaker 12 (01:19:27):
There is no question about it that this is a
conservative government's fault, that they have allowed it broken the
social contract in a way to a degree where it
made no sense if you were of a certain if
you if you have a limited de career of education,
if you were part of what we used to call

(01:19:47):
the working class, it made no sense to go out
to work because the wages were so low and the
benefits were so high. It really is that simple, you know.
But but tackling that and there's a better chance of
doing it than the Tories for obvious reasons. Attacking that
means offending the vast poverty industry, which will immediately say

(01:20:10):
you can't do that, you can't cut benefits, you can't
make it harder the people, because people will die and
this clamor will go up and the government will be
in more trouble. But you're absolutely right, this was a
conservative government's failure.

Speaker 2 (01:20:24):
I note that JK. Rowling is thrilled with the Women's
Footballer of the Year.

Speaker 12 (01:20:31):
Yes, so the BBC has this competitional women's Footballer of
the Year and the people change with drawing up the
short list, really have two criteria upon which to choose
that it must be a footballer and it must be
a woman. They failed on one of those. They chose

(01:20:52):
Barbara Banda from Zambia, who is effectively a man, has
just failed. That's refused consistently actually to be tested, who
scores hundreds of golden much as I would even now
I think, well, maybe that's just me. And it has

(01:21:16):
enraged women in this country, those women who don't sign
up to the fact that because someone liked me might
say well, actually I'm a lady, that they actually are
a lady. And it's more of the BBC's progressive woke
of gender. It didn't need to get itself into this
trouble over this issue, but it wanted to because it

(01:21:37):
thinks it's pushing at the barriers of its energy and
it's all very very embarrassing.

Speaker 2 (01:21:43):
Erdie all right, Mike, you have a good week in
we'll catch up next week. Rod Little out of Britain
this morning, as regard to Casey Costello, who was on
the program earlier with our smoke Free Plans betweenty twenty five,
I note in Britain that they've begged plans to make
it illegal. I raised it whether she still argues it's
not affect that they're beg plans to make it at
legal for anyone currently fifteen or younger to ever buy

(01:22:03):
cigarettes in the UK. So it was originally a Sunic idea.
But it's the tobacco and Vapesville past the first comments
hurdle four fifteen to forty seven. So it's got plenty
of support. Capla Toriest, couple of libertem's raised issues about
civil liberties, but they seem to be on that pathway
and we've chosen not to be. Eight forty five.

Speaker 1 (01:22:23):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (01:22:28):
A'd be for for early Britain. Smithfield's if you've been
there nine hundred years old. They're closing it. They've made
the call. The City of London's made the call. Meat market.
Of course, it's an amazing thing to think something's been
there for nine hundred years. Anyway, they were going to
move it. Now they decided not even to move it.
They're going to close. It's going to cost about six
hundred million dollars worth of compensation to get the traders out.

(01:22:50):
It's going to be turned into hotels and markets and
all that sort of stuff. So it's open till twenty
twenty eight. So if you're going to Britain in the
next couple of years, here, you know, might be a
little bit of history that is soon on its way. Mike,
you a little bit exercises. I thought you would be
about old Candace who's been given the don't come Monday
to New Zealand. Mike, what is this government doing becoming
a joke and more racist? A black woman from the

(01:23:10):
US's band from getting a visa into New Zealand. Brett,
she's not banned because she's a black woman and you're
sort of trying to toy with us. Mike, welcome to
free speech to New Zealand. We're a woman who promotes
marriage and traditional parenting. Well, she's not getting viasible mainlya's
because you didn't get one. For Australia down playing the
impact of the Holocaust, comments about Menglay through to claims

(01:23:33):
the Muslim started slavery. It's not really about parenting all
being black, it's about being superdup the controversial. The Australians
don't like us Section fifteen to one break ITTs f
may not be granted a visa to come to New
Zealand if they've been excluded from another country. Australia's national
interest is best served when candas owners somewhere else. That's
Tony Book, who's the Immigration min it'ster quite a good line.

(01:23:55):
She was due in Sydney, Melbourne, Perth and Adelais. She
was due here. I think in February. I personally couldn't care.
I'm you know, you want to go listen to someone speak,
let them speak, and let them into the country. That
sort of stuff doesn't bother me. But you know, if
you're going to argue your case, don't argue it along
the lines of why she got blocked. It was not
because she's black, and it's not because she promotes old
fashioned family parenting. Eleven Away from nine the.

Speaker 1 (01:24:18):
Mike Hosking Breakfast with the Range Rover Villain News.

Speaker 2 (01:24:22):
Tom said, b which I mean a little something I
saw yesterday. Anthony Mason, who's a fairly well known American reporter,
was doing a piece of this last Sunday on CBS
Mornings on Sunday with Paul Simon, and he had done
him earlier on in the year, and there's an album
that Paul Simon put out called Seven Psalms, and that
story in and of itself is quite an interesting story. Anyway,
earlier in the year, and then repeated a bit this

(01:24:42):
time round, is Simon's lost ninety four percent of the
hearing in one ear and as a result of that,
he's and he's sort of gone down the rabbit hole
of so many people who look to technology and science
and what can change and what can't change, and whether
there's any technology coming to help him recover as hearing.
To this point, and it's about eight or nine months on,
nothing's really changed, which is a shame. So he's having
to adjust. He's got some dates. He's retired, but he's

(01:25:05):
got some dates with some performances next year. He doesn't
know whether he's going to be able to do it,
but he's hopeful at this present point in time, and
he's had to adjust his you know, how he sits,
where he sits, what sort of recording studio, how many
speakers are around him. He can no longer do percussion,
there's no sort of music. He's starting to reimagine some
of the famous songs and how he can do that
without percussion. There's no more you can call me out.

(01:25:25):
He will never sing that particular song again unless he
completely reimagines it to something acoustic. It's just a fascinating
story on two levels. One what's happened to him? Because
I can tell you very sadly he appears and if
you're a big fan of his, let me know what
you think, because he appears physically, and this is what
disability does to people. He appears physically to have gone

(01:25:49):
I think, reasonably dramatically downhill in a very short period
of time, i e. Within this year.

Speaker 18 (01:25:55):
Could we put them all in a band? Because you've
got old Elton with only one eye.

Speaker 2 (01:25:58):
There's a lot of it of it going around, I.

Speaker 18 (01:26:01):
Mean the drummer and deathly of it obviously, and you
know old Phil Collins the most done well. Could if
we put them all in a band together, would they
make GOE? Not a supergroup but a full artist.

Speaker 2 (01:26:17):
But it goes against my general thing. If you love
what you do, you can do it forever. It's abundantly
not true. Time catches up with you.

Speaker 18 (01:26:26):
We had I mentioned there. We he loves it. He's
gonna go off and love something else, isn't he.

Speaker 2 (01:26:32):
Well that's good though, because he's young enough to be
able to do that, and that's the interesting thing. Anyway,
I have a look at it, look it up online
and see what you think. Let me know what you think.
By the way, I also found the Paul Simon documentary
that I want to watch in what's it called? In
Restless Dreams. I can rent it for ninety nine cents.
But if I rent it for ninety nine cents, I've

(01:26:52):
got to watch it within forty eight hours. But it's
three and a half hours long and I don't have
three and a half hours. So I'm going to try
and work out when I have three and a half
half hour so I can spend my ninety nine cents
five minutes away from nine Trending.

Speaker 13 (01:27:04):
Now Quill chemist Wells, the home of big brand Fightamens.

Speaker 2 (01:27:08):
Bill Board have released the top twenty five greatest pop
Artist of the twenty first century, even though we've got
years twenty twenty five, twenty six, twenty seven, twenty to go.
Top ten tenth greatest artist of the twenty first century
is Adel, followed by Arianna Grandee. Justin Bieber is at eight.

(01:27:32):
Kanye is at seven, Brittany is at six, Lady Gigar
is at five. Drake is that only because he puts
out so much music you don't know what to do
with it? At four Rhianna, huu do the freaking that
song is brilliant. Then we get to number one, and

(01:27:52):
you know what number one is, don't you?

Speaker 3 (01:27:56):
How to lack?

Speaker 15 (01:27:57):
And long?

Speaker 2 (01:27:58):
Wrong wrong, wrong, wrong, wrong, wrong wrong wrong. So Beyonce
is the greatest artist country music association with Beyonce is
the greatest artist of the twenty first century, which means
that how many people are upset that this young lady

(01:28:21):
is a number two?

Speaker 4 (01:28:23):
Right?

Speaker 15 (01:28:23):
No?

Speaker 4 (01:28:24):
This is this is Beyonce.

Speaker 2 (01:28:27):
Yeah, I said that she's number one? Yeah, and this
young lady? Are you not going to play this young lady?

Speaker 4 (01:28:32):
Who are you talking about?

Speaker 2 (01:28:33):
Number two?

Speaker 18 (01:28:34):
It's fine ideal with number two, mate.

Speaker 2 (01:28:37):
It's it's the is at number two. But then again
you can argue that for ever, can't you who is
at number seventeen? No point going to mean Shakhira was
number seven?

Speaker 18 (01:28:51):
What a terrible century this has been so far?

Speaker 2 (01:28:54):
Well, it was at number twenty one. Lil Wayne?

Speaker 18 (01:28:59):
How can we have Lil Wayne without little Yochtie Drake
and Justin Bieber and the top twenty five artists of
the whole century.

Speaker 2 (01:29:06):
Is because the world has gone mad and on that bombshell,
as Jeremy would say, happy days, how it up covered up.

Speaker 1 (01:29:14):
For more from the Mic Asking Breakfast, listen live to
News Talks at B from six am weekdays, or follow
the podcast on iHeartRadio.

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