Full Show Podcast: 28 October 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
You're trusted home for news, sport, entertainment, opinion and Mike
the mic casking Breakfast with Bailey's real Estate finding the
buyers others can't use togs d B.

Speaker 2 (00:12):
Well, you're welcome today, getting down to business in Southeast Asia,
Prime Minister Tod mclag's in the Prime Minister out of
Malaysia for US. Bob McMurray on with the Liam holds
his seat. Our good news on tourism for you this morning.
The Lands do a lot of awesome sport. In the
commentary box over the weekend. Catherine Field, she's in France.
They've got a couple of arrests there, as I'm sure
you're well aware. Rod Little is in Great.

Speaker 3 (00:30):
Britain for US, pasking welcome.

Speaker 2 (00:32):
To the day, seven past six. Tell me how Paul Goldsmith,
Broadcasting Minister, is going to sort the unsortable, So the
Broadcasting Standards Authority, as I'm sure you're well aware, deliberately
or not opened a box of whoopee. Basically that's been
played out all over the world and various forms. So
in simple terms, regulators are trying to work out how
to control tech. The problem with regulators is their jurisdictions. Limited.

(00:54):
Problem with tech is there is no boundary, There is
no boarder. The same way government isn't going to charge
a tech company for nicking new and putting it on
their websites. Broadcasting Watchdog is not going to control Joe Rogan.
The Prime Minister has already worked all this out, of course,
and he says so last Monday. But then the Broadcasting
Minister and that ponderous sort of surprise laiden fashion that's
unique for Paul Goldsmith started wondering out loud why the

(01:15):
Herald Now stream wasn't regulated while breakfast television was. That,
of course, is the simple version of the problem. You're
only dealing with the difference in transmission.

Speaker 3 (01:24):
Mode i e.

Speaker 2 (01:25):
Terrestrial via the net. Next issue, if you're regulating the net,
what net? Where's it? Stop and start local streaming? What's
local streaming? If you're protecting an audience, surely you have
to protect them universally, and yet you can't. Even if
Goldsmith argues the line that things that look like radio
or look like television are captured, what are the radio

(01:45):
consumed in New Zealand originates in London? Next problem, If
you regulate the net, where does that start and stop?
Does a podcast look like radio? What about short firm
versus form versus long form? What about local content on TikTok?
And if so, why not all content on TikTok? Answer?
Because you can't. And if you can't, how's it fear
to regulate my TikTok? But not Piers Morgan's talk about

(02:06):
a horse and bolting government looks old world, don't they.
They look sort of am in an FM world. They
look like they're trying to save letters from the Internet.
They look like control freaks who don't know how to
save their own powers right or wrong, making me adhere
to rules while every half baked weirdo on the net
gets to say whatever they like. Is the cold hard
reality of the hero. Now save yourself, the time and

(02:27):
the headache and give it up.

Speaker 3 (02:29):
Who news of the world in ninety seconds.

Speaker 2 (02:33):
Monday in America, of course, the place still not open.

Speaker 4 (02:36):
The Republican senators have voted eleven times to reopen the government.
Three brave moderate Democrats who come across the aisle. So
you know, I call on moderate Democratic senators to end
this craziness.

Speaker 3 (02:49):
You will be heroes.

Speaker 2 (02:50):
Out in the Caribbean specifically Jamaica. They're bracing for Hurricane Melissa.

Speaker 5 (02:54):
Jamaica is a very course that I do so the
areas of concerned since living in lower land areas and
in many other communities which are susceptible to landslip.

Speaker 2 (03:07):
Then in Britain, more concern around the grooming gangs and
the inquiry which seems bogged down and resignations.

Speaker 6 (03:12):
It was a mess from the start. When I joined
the panel, we knew from the get go that it
was messy, and it was a very control and it
was very gaslighting.

Speaker 2 (03:24):
Indeed entirely political. Farajes Waden.

Speaker 3 (03:26):
The inquiry has flawed. The inquiry will not work, and
we want.

Speaker 2 (03:31):
Today to offer perhaps a better solution. Meantime, and caught
an actual grooming gang for me and one woman. They're
in the slammer. It may be that you thought that
no one cared for your victims, meaning you could do
whatever you wanted.

Speaker 7 (03:44):
To them without consequence.

Speaker 2 (03:47):
If so, events have proved your own. And then the
King has been out opening a memorial to LGBT military.

Speaker 8 (03:53):
The fact that his Majesty the King has supported us
in this and given us his patronage.

Speaker 9 (04:00):
Is to me.

Speaker 8 (04:02):
It says that my service matters.

Speaker 2 (04:05):
Finally, portrait of Dora mar the partner of Picasso's sold
at auction. It's called Bust of a Woman with a flower.
They haven't seen this at oction since nineteen forty four,
so they've got a bit buzzy about it. Sold above
the estimate and doing so top this year's record in
France for big dollars for flash art, remembering, of course
not all arts and France has sold some of it's
simply stolen. Anyway, what do you pay for a woman

(04:27):
wearing a hat? Sixty four and a half million dollars
and that is news to the world in the moments.
Japanese inflation. Trump's in Japan at the moment, of course,
and he'll be meeting with Takeichi, who has gone down
at treat As far as I can work out, anyway,
core inflation's picked up for the first time since May
two point nine percent. Now that's above the Reserve banks
two percent target they do zero to two. So that'll

(04:48):
be an early test politically for the new prime Minster.
Eleven past six.

Speaker 1 (04:54):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio how
By Newstalk.

Speaker 2 (05:03):
Good News from the Car World Volvo had their best
trading day literally ever. Their profit came in stronger than expected.
Downside of that was it was all due to cost cutting,
not necessarily selling more cars. But when you have your
best trading day ever, you can't argue with that, can you?

Speaker 10 (05:17):
Fourteen pass.

Speaker 2 (05:19):
General Erection Smith. Welcome to Tuesday Morning. Thanks by China.
We got some good news, Helloluja.

Speaker 11 (05:26):
Yeah, talking profits. So Chinese industrial profits up twenty one
point six percent year on the year in September. That
was the biggest rise in almost two years, so it
was pretty good. It's actually five times what was forecasts
and follows a similar game in August. That's lifted profits
to three point two percent year to date. That's positive.
So manufacturers they led the way in zero ten percent.

(05:49):
High tech firms drove things.

Speaker 10 (05:52):
I suppose.

Speaker 11 (05:52):
Yeah, the rebund is flated by I suppose last year's
week base, but you have some optimism that ye stimuous
which is amounting to trillions being rolled out by Beijing
is working, you know, as well as if it's to
clamp down on an efficient firm, So you know, probably
provide I suppose a bit of a bit of the
upper hand to sort of she is the meets of
Trump this week. And even though I suppose a Chine's

(06:15):
economy remains under pressure in places, it's still fragile a
little bit when you look at that recovery, and that's
I suppose you know something that he will be mindful of.
And also as that they came in that five year
planning meeting last week saying there are major tests for
the economy, and I hopefully those storms are sort of
subsiding this week with that meeting.

Speaker 10 (06:34):
Of course, there have been some of the branches.

Speaker 11 (06:36):
Basince said one hundred percent tariff is off the table,
and Beijing is also delaying new where.

Speaker 10 (06:41):
Earth curbs where the expert cuture.

Speaker 11 (06:43):
To say in wrapping up you swibbing purchases, So motivations
on both sides to get a deal before you and
while we get that, or we may may just give
an extended truth, your time will tell.

Speaker 2 (06:54):
Okay. Then we come to Japan, I mean the nikkety
through it. I mean there's a number of markets around
the world doing records at the moment. Is this something
to do with the new PM? But they like her,
oh absolutely.

Speaker 11 (07:03):
Although Japan has been rallying sort of all years it's
gone through fifty thousand for the first time ever, or
already has had a big run. I suppose with a
deflation looking like it's ending, You've had bank in Japan
moving away from.

Speaker 10 (07:15):
Its ultra loose policy. You've had a softer.

Speaker 11 (07:18):
Yen driving large exported earnings, and you've actually seen money
going back into Japan from foreign investors who have been
underweight for some time. You've all said Ai paying but
a bit of a theme as well, so high tech
supply chains have been moving. But yeah, the latest optimism
has come from the new PM, Senai Takeiichi. She's pushing
a pro growth agenda. She's a very pro security defense firms.

(07:40):
They independece those games. So the governments bring forward plans
to hit the fence outlays of two percent of annual
GDP by two years. It's a clear break from the
historic cap of one percent. She wants Japan, which accounts
with just two percent global arm sales, to become an
international powerhouse. She's rolling back long standing defense export restrictions
and weapons factories. Or that's a plan to cele it

(08:02):
rating military investment in my export traction there has already
picked up prior to arrival, So Japanese consulting, that's a
preferred bit of for eleven warships to Australia and Little
World in New Zealand, we're evaluating the same frigates. So meanwhile,
I suppose this defense budget and export reform will get
a bit of attention as she's also meeting with Trump
this week. Of course he is a big fan of

(08:22):
defense burden sharing.

Speaker 2 (08:24):
Yes, indeed, And then we come to the Fed. Are
they going to cut and what are they basing it?
Given they got no data?

Speaker 10 (08:30):
Yeah, I've got no data, have they? So they've been
flying a bit blind.

Speaker 11 (08:33):
But Powell did say last week that they contend to
mindor a broad set of indicators, a recons Not much
has changed since the September meeting. Yeah, the US government
isn't shutdown mode. They expect to do cut rates by
twenty five basis points, take the range to three point
seventy five to four percent. What they did here, Mike,
was a lower than expected inflation print on Friday, So
zero point three percent for September annual inflation rate at

(08:55):
three percent, that's lower than three point one expected. So
that's probably a tick in the box there. They had
to actually produce that data. The Social Security Administration use
it as a benchmark for cost of living adjustments and
benefit checks.

Speaker 10 (09:09):
So that was good news.

Speaker 11 (09:10):
Let's push the US record indices to record highs on
Friday again, also on Monday as well as we start
the week, so katlooks certain third one peak for December
as well. Commentary that will be at hamstring. They'll be
looking to probably rear firm reliance on future data for
future decisions.

Speaker 10 (09:25):
But let's say about that.

Speaker 11 (09:26):
And just by the bye, we're getting a decision from
the Bank of Canada as well.

Speaker 10 (09:30):
They are also expected to cut.

Speaker 11 (09:31):
And I guess they'll be mindful of resk galading trade tension,
so Trump's cerden additional tempting tariff airs and they following
their ad featuring Reagan criticizing tariffs ECB, they are expected
to hold as well. So yeah, a bit going on
in Central Bankland.

Speaker 2 (09:44):
Mike numbers please, So we have record highs.

Speaker 11 (09:48):
And all three in the season the used to start
the week there up half percent forty seven, four five seven,
we've got these and P five and one percent. We've
got their nearest deck roaring head up one point six percent.
AI Chips Qualcom. They're getting in on they're going to
try and sort of compete with n Vidiot that thirteen
percent forty flat nine sixty four nine. Nicko has mentioned
up two and a half percent fifty five one two

(10:08):
cs I three hundred, and China that was up one
point two percent, a sx two hundred, zeo point four
percent nine zero five five insed x fifty Obviously that
was closed, but it was that point one percent on Friday.
Gold that's come back from record levels down ano one
hundred and twenty dollars three nine nine four and ounce
oil up fifteen cents fifty one spot sixty five. And
the currencies Mike were higher against US dollar fifty seven

(10:29):
point eight, but we're back lower against the Izzie dollar
eighty seven point nine, against stirling with forty three point
two up slightly, and up against the yen eighty eight
point two. Lots are going on this week Central banks,
of course, and a deluge of earnings. We've got Apple, Amazon, Alphabet,
Microsoft and Meta amongst the big ten.

Speaker 2 (10:46):
Good times you go. Well see you're seeing Greg Smith
out of Generate for us this morning, ask Tech and
throw Applican. Google announced a cloud partnership. Is this exciting?
What sort of exciting because they're going to add over
a gig of compute capacity by next year. How much
does a gig to add cost? Well, that's fifty billion.
And then we come to Intel, who were doing very nicely.

(11:06):
Their processes for PCs are back in demand. Apparently their
shares were up over eighty seven percent so far this year,
and of course the US government is the biggest shareholder
in that particular company. Their revenue for the quarter was
thirteen point six five billion. So if you don't think
there's money in tech, you're not awake. Six twenty here
written News Talks Boo.

Speaker 1 (11:26):
The Vike Asking Breakfast full show podcast on iHeartRadio.

Speaker 3 (11:30):
Now it by News Talks at B A.

Speaker 2 (11:32):
Little bit of democracy ontch have you missed it over
the weekend? Malay they had them with terms the threat
from Trump et cetera, et cetera. Anyway, he got up.
He not only got up, he landslide. People seem to
love what he's doing in that particular part of the world.
Mike Parker probably has the money to retire at thirty five.
Well done, well, he probably does. Good luck to him
for it. But I only he wants to retire. And
what a weird old fight that was. Wasn't that the

(11:53):
weirdest fight? I suppose that's that classic example of you
take the risk you're not expecting to lose. But the
guy comes to town, it's the fight of his life.
You'll never hear from him again. Next time he goes
against somebody to give the old Deckham. But that doesn't
help Joe Park, it doesn't it.

Speaker 10 (12:06):
Mike.

Speaker 2 (12:07):
We're literally in the process of buying a commercial property.
Our intention is to live in half and the other
half to be a holiday accommodation. We're now very nervous
about this capital gains tax. Desperately need more information. Well,
what more information do you want? Andy? They're doing a
capital gains tax. The only thing you need to know,
which they haven't, and I assume it's deliberate, is what's
the rate? Is it one percent? Well, small clue, No,

(12:28):
is it fifteen like it was under fill Golf or
would have been under fill Golf? Or is it thirty
nine at the top tax rate? So that's what we
need to know. But if you're just joining us for
the morning, are the Labor Party have announced and probably
wisely because given the history of capital gains tax with
a Labour party and the disasters surrounding it for them,
at least if you get it out a year in advance,

(12:48):
one it settles into the psyche. And two, if it's
a complete disaster and the pushback goes badly in the
poll's tank, you've still got time to bail. So more
on that throughout the morning six twenty.

Speaker 1 (13:00):
Trending Now with Chemist Warehouse Celebrate Big Brands and Biggest
Savings video.

Speaker 2 (13:06):
Something you might be interested in, said yes, is this
is a mix between White Lotus and Ripley. It's called Mellis.
We've got a nanny who infiltrates a wealthy family.

Speaker 6 (13:14):
Hi.

Speaker 7 (13:15):
You must be Jamie.

Speaker 3 (13:16):
Yeah, Adam, so nice to meet the man.

Speaker 2 (13:19):
He showed up.

Speaker 3 (13:20):
Imagine me you you're here for the kids. Yeah, I'm preleading. Really, God,
i'd see how the other half led. Well, welcome to
our vacation. And see what you mean about him?

Speaker 2 (13:33):
He cooks, act a good plays with the kids. There's
something something.

Speaker 3 (13:40):
Well I don't know.

Speaker 2 (13:42):
This is very strange about him.

Speaker 3 (13:47):
There's something a bit it's broken.

Speaker 5 (13:52):
Somebody's had to get me and I'm going to find
out why.

Speaker 3 (13:57):
Go on then, what is the worst thing you've ever done?

Speaker 2 (14:00):
Right? So we got Jake Whitehall or Jack Whitehell, here's
your villain to Cobney David and Carice Vanhurton. I looked
her up and she's done a bit. I don't know anyway,
it's on Prime Video on the fourteenth of November. Some
good news. I think we had a chance to talk
about the EU meeting that was held in this country
last week and upgrading our FTA and the reason that

(14:22):
sort of dovetails into everything that's going on and Si
and an Apek at the moment is Tom McClay, the
Trade Minister, is with us after seven o'clock, ahead of
the Prime Minister out of Malaysia of course, after seven
thirty this morning, so we'll look at that. The other
good news I've got for you this morning is around tourism.
They think that one the summer's a good one or
the coming summer is a good one. And Queenstown is
about to crack through one hundred percent of pre COVID.

(14:43):
I mean, it's been a hell of a journey, hasn't
it for tourism New Zealand to get back to where
we once were. This is twenty nineteen we go back
to But they think Queenstown's going to go through that
number over the summer period. But what about the rest
of the country. When do we get back to what
we would loosely call normality. More on that after the news,
which is you're on the mic asking breakfast.

Speaker 1 (15:07):
The newsmakers and the personalities, the big names talk to Mike,
the mic Hosking Breakfast with a Veda, Retirement, Communities, Life
Your Way News, togs Head been.

Speaker 2 (15:18):
Trans shortly captin Field twenty three to seven. More uplifting
news though in the meantime around tourism, Queenstown is now
at ninety five percent of pre COVID, so there's been
one hundred ninety two thousand international rivals between jan and
August of this year. That's up fourteen percent on last year. Australia.
As you King of the Castle, forty percent of beaver
international rival is from Australia. Rene de marsh is the
chief executive of Tourism New Zealand. Back with us. Morning

(15:41):
to you, Good morning, Mike. Does summer look good at
the Ford bookings?

Speaker 10 (15:45):
Bullsh Yeah, the Ford.

Speaker 12 (15:47):
Bookings are pretty bullish, actually, I mean we're pretty pleased
to see the momentum continue to grow as you see
it in your intro. So you know, August as a
month was up to seven point five percent on August
last year. And the outlook for is actually really positive,
is what we're hearing from operators across the board. So
that's really good news for the industry.

Speaker 2 (16:06):
It's Queenstown, the Canary and the tourism coal mind where
they go, they'll eventually get to the rest of the country,
or we can't say that.

Speaker 12 (16:14):
Well, look, I mean Queenstown is hugely popular as you know,
and their recovery is leading the rest of the country.
It's also true that, as you mentioned that the number
of Australians coming here. You know, it's one of the
better connected airports. You've got all the different carriers that
are flying into Queenstown, so it's very easy to get
there from the Eastern seaboard. But look, really, what's really
important is that we continue to promote all of the country.

(16:36):
You know, Queenstown is one destination, but there are many
great destinations, so we need to continue to work hard
to really get people out and about and around the country.

Speaker 2 (16:44):
Are we tapping out the Australian market. I mean that's
a heavy reliance on one market, isn't it.

Speaker 12 (16:50):
No, we're not tapping it out. I mean it's a
huge market and it's the only one obviously that's close.

Speaker 3 (16:55):
By, you know.

Speaker 12 (16:57):
And it's fair to say Australia is stronger now than
it has been, but it's it's only probably about five
or six percentage points. So previously Australia was always close
to about forty percent of all arrivals. It's a little
higher than that at the moment. But we're really making
the most of that. Lots of Australians you know, are going,
we really want to get over to New Zealand, so
we want to make the most of that opportunity.

Speaker 2 (17:15):
Is our promotional work actually working? Can you a kpi it?
And so we spent X and got y.

Speaker 12 (17:23):
Yeah, absolutely, we do that across all of the work
that we do. We look at it at a campaign level,
We look at what are the different metrics. We also
track to do our research and ask consumers, you know,
are they getting and they're now feeling they're more ready
to book than they were before. So not only are
we tracking bookings off the back of our work, but
also looking at people is their intent to book increasing,

(17:43):
because you know, a holiday, you've got to take a
bit of time, you've got to plan it, you've got
to take leave. So it's so we track all of
those metrics across the work that we do.

Speaker 2 (17:51):
Our beleagued dollar must be good, mustn't. If you, even
if you're Australian, you're looking at a good number at
the moment, aren't you?

Speaker 3 (17:58):
What's that?

Speaker 12 (17:58):
Sorry?

Speaker 2 (17:59):
Are you looking at a good at the moment if
you're our beleagued dollar?

Speaker 9 (18:04):
Yeah?

Speaker 12 (18:04):
Absolutely, Look I think there is you know that is
helping us a bit of a tail wind Sydney out
if you look out of the US market as well.
Strong US dollar to the New Zealand dollar. I think
that certainly helps make it easier to make a travel decision.

Speaker 2 (18:16):
Well, it's hope, it's great, Somemer. Good to catch up,
appreciate it. Rene de monsh who's the chief executive of
Tourism New Zealand. Just while I'm on the broad subject
tourism holdings expecting to return a profitability. One of the
big players in the market, of course, they're all over
the world. Grant Webster, the chief executive a semi regular
on this particular program, but they've seen growth here Australia, Canada,
the UK and Ireland. The Ford Book remainder of the

(18:37):
financial year in New Zealand, Australia, Canada twenty percent ahead
of last year. We remain confident that we've turned the corner,
so we wish them well. Nineteen to two.

Speaker 1 (18:47):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio, powered
by News Talks.

Speaker 2 (18:52):
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co dot Nz pasking Mike, I'll keep my capital gains,
thanks and pay for my own doctor Graham. If only
you'd be so lucky. That's the other weird part about
this announcement. This morning, everyone gets some sort of medical cards,
so you go three times a year to the doctor,

(19:57):
whether one you need to or not, and two whether
you can afford to or not. It's the most ridiculous
system in the world. It's literally wasting money. Why are
you giving money away to people who don't need it? Mike?
Is this the family batch?

Speaker 13 (20:09):
Yes?

Speaker 14 (20:09):
It is.

Speaker 2 (20:11):
Do the public poll indicate there would be wide support
for CGT Well, the last pole I saw had forty three,
thirty six, forty three in favor, thirty six against, but
importantly twenty two undecided and you're undecided because of course
there wasn't one until there is now potentially, so suddenly
that twenty two people will be going what do I think?
And so fifty eight undecided and against is fifty eight

(20:33):
to forty three in favor. So let's see where that goes.
Morning Mike. Why should we let a government who wastes
taxpayer money taxes more? Well, that's called democracy and that's
the election campaign, and that's why we have them.

Speaker 15 (20:44):
Sixteen to two International Correspondence with ends at Eye Insurance,
Peace of Mind for New Zealand, Business.

Speaker 2 (20:51):
For Moneycaps and Field. Morning to you.

Speaker 9 (20:53):
Good morning.

Speaker 2 (20:53):
Now, these arrests that we heard about over the weekend,
do we know who they are? Are they part of
a wider group? Are they so decaded? What do we know?

Speaker 6 (21:01):
Okay, what we know is two males aged in their thirties,
one French Algerian and another one French but origin from Mali
in West Africa were taken into custody on Saturday evening.
One of the men was actually at Charldonville Airport getting
ready to get on a plane to Algeria. Now police
say that was why they moved right then. They'd been

(21:23):
following these guys since about Wednesday, hoping that they would
lead them to the masterminds. They knew that these two
were part of the gang, but they knew that they
went the mastermind, so nab this guy at the airport,
nabbed the other one at the same time, he was
in the northern Paris suburb. Since then, they've been held
at the organized crime headquarters of Paris Police. Apparently they

(21:48):
are saying nothing now as if we needed it, just
to show that how far from a James Bond type
heist this was. Mike Police trace them because both men
have got quite a wrap sheet. They've experienced thieves known
to police. One of the men they found him via
the DNA that was on the discarded motorbike, how much

(22:11):
that they left behind in the rush to get away.
The other man, in the rush to get away, he
left behind his Hiver's jacket and they managed to get
the DNA off the fibers of that. So police still
don't have any clue where those Crown jewels are. They're
hoping to get to it sometime soon. But you're still

(22:32):
looking for those two who fled on the scooters. They're
still at large and everyone's still hoping that the jewels
are somewhere ready to be collected.

Speaker 2 (22:41):
How long do they get to hold them for before
they got a stick them in court with something.

Speaker 6 (22:45):
Oh a long time, ninety six hours, Mike. So they've
got them right through to all Wednesday. But of course
if they still believe that, then they've put them before
a judge, and the judge says, well they should stay
there for a bit longer.

Speaker 2 (22:59):
Now this was separate the Candie Owens thing, but this
case that involves the harassment of Bridget Macron. How many
people are involved with this and what have they done? Allegedly?

Speaker 6 (23:12):
Allegedly at ten in the doc they had their first
afternoon in court just today a couple of hours ago.
They left eight men, two women, aged between forty one
and sixty years old. They are charged with online harassment
targeting Bridget Macron with these same allegations about her sexuality
and about her gender identity. They all say that they're

(23:36):
not guilty. They say that yes, these were online, but
they weren't addressed to the first lady. There was nothing
they said to show that she would actually read them.
Among those who are charged a spiritual medium, a conspiracy theories,
a teacher, an I technician, IT technician, and a real
estate agent. The reason the Macrons took this case was

(24:00):
that they felt it had just gone too far. This
online harassment had gone on and on, as well as
that case that may well come to court soon in
the US Candy Sowens. They just say that this had
to stop. All these allegations that macarn Brigitte was born
a man, that she's actually her brother, just went on
and on. It felt guilty. These dependants in court in

(24:24):
Paris could face up to two years.

Speaker 2 (24:25):
And it's very interesting the legals, isn't it, Because if
you're not addressing it directly to the person and you're
on the net, it's like and under what Laura, you
are arguing? You can't say, I mean, you're talking free
speech here, I guess, aren't you? To a degree, then
is why this.

Speaker 6 (24:38):
Case has come up again. Originally, Bridget America on one
a case against these ten. It was rejected on appeal
because she'd tried that before the courts under a law
which Dick she didn't take defamation into account. So yeah,
it's incredibly difficult to find the right law at the
right time. And as I said, you know, if you

(24:59):
hadn't watched, I have known. But of course, one of the
women up before the court to day she did actually
publish a four hour long video of her thoughts of
why Bridges.

Speaker 2 (25:10):
On just the four just the four hours. Okay, how's
mister leck on you second time round? Going see c
running things nicely?

Speaker 6 (25:17):
Oh, I still haven't got a budget mine. Everyone's looking
a little bit worried because there's less than sixty days
to go, counting it down because apparently it's the same
number of shopping days until Christmas. But everyone's a bit
worried because Moody's late on Friday change the outlook for
the French economy to negative simply because public finances are bloated.

(25:40):
The minority government is having to struggle to get this
through bill by bill by bill, and the Socialists still
say that unless there are significant tax increases on the wealthy,
they'll vote it down later this week and bring the
government down.

Speaker 2 (25:54):
Okay, well we'll catch up, and that's what we've got
you on the program. Katherine Catherine Field in France. By
the way, also the week in the EC the E
European Commission TikTok Meta yet again breaching their obligation, they say,
to give researchers adequate access to public data. It's all
part of the Digital Services Act. The preliminary findings, if
they're uphold, and this is the interesting part, under their

(26:14):
new laws, you can find these people up to six
percent of their global turnover. So do those numbers. The
Commission also preliminarily found that meta for both Instagram and
Facebook in breach of its obligation to provide users simple
mechanisms to notify illegal content, as well as to allow
them to effectively challenge content moderation decisions. So that's off

(26:36):
to court. It'll be appealed, blah blah blah, but we'll
keep you in touch. Mine away from.

Speaker 1 (26:39):
Seven the mic asking breakfast with Veta Retirement Communities News, togs.

Speaker 2 (26:45):
Head been like, who decides the value of a property
in twenty twenty seven? Well, very fair question. The answer
is you only it's decided by the market when you
sell your house. So the way it would work very simply,
you bought your batch in nineteen ninety and you paid
one hundred and fifty thousand dollars for it back in
ninety nine, and you're selling it in twenty twenty seven
four to two point five million. So the difference between
what you paid for what you're selling it for a

(27:06):
set the rate we understand it's at twenty eight percent.
The weird thing about the release this morning from the
labor parties, they didn't tell you what the rate was,
but the rate we understand it to be twenty eight percent.
So say you made nine hundred thousand dollars profit over
that period of time, you'll be giving twenty eight percent
to be nine hundred thousand dollars to the Labor government,
if of course they are the government. And then that
is the great debate and democracy and the election campaign
of twenty twenty six, Mike, the last two years of

(27:28):
economic misery are a direct result of Labour's economic illiteracy.
How can anyone say, yes, please, let's have some more
of that, Well, look at the polls. That's democracy, that's
how this thing works. There are lots of people who
look at what the Labor government, maybe even the Greens
are about, and go, yep, we'll soak the rich. We'll
get those bastards, we'll line them up, we'll shake them down,

(27:48):
and we'll take all the money we possibly can. Interesting
piece are read over the weekend from Peter Dune on
the newsroom site. He was arguing the moderation, So what
labour needs to do is moderate be a Bob Hawkish,
David long e Ish, Hell and Clarkish type of labor party,
and that presents a real headache for Luxeon. Obviously, this
announcement this morning indicates Chris Hopkins has got no such plans.

(28:11):
Five away from seven.

Speaker 1 (28:13):
Poll, the ins and the Ouse, it's the fizz with
business fiber take your business productivity to the next level.

Speaker 2 (28:20):
Retail, what can I offer you this morning with the
pending festive season, But moments away we've got the Retail
Radar survey July through September. Sixty percent of those who
took part, and I think it's one of those options.
Sixty percent of those who took part do not plan
on hiring any additional staff this fest of season. Of
the rest, two percent are going to hire way more staff.
They go staff, we can't get enough staff. We're going

(28:42):
nuts on staff, so many staff twelve percent, so they
would hire more but pewer than last year, and twenty
two percent say it's about the same as last year.
So the broad vibe this is actually quite encouraging. I
think sixty six percent, so let's call that two thirds,
shall we they're confident or very confident about the future,
and that's up slightly from the same quarter last year,

(29:02):
so there are more people confident. Sixty nine percent or
retailers are confident their business will survive the next twelve months,
and that's up from fifty seven. So that's that would
be a that would be a flecker, that'll be a
green shoot, I think Tom McLay, Trade Minister, So what
are we getting at. We're looking to upgrade our status
within USIAN, the grouping that we're busy meeting with in
Malaysia at the moment. So if we can get up upgraded,

(29:24):
that's a good thing. Then it's on to Korea for APECK.
But for US Korea we need an upgrade in the
old FTA, so that's hopefully more money. So that's what
the Prime minister's working on as we speak. So where
are we And of course we had that big meeting
with the EU here last week, first time I'd ever
done that, seemed weird to me, but there you go.
So Tom McLay, the Trade Minister, on that in the
next half hour of the program Bob McMurray on if
one over the weekend, Liam is in a holding pattern

(29:46):
as we wait, wait, wait, wait and wait to see
what happens in twenty six and then the aforementioned trade
stuff with the prime minus stuff who will be joining
us from Malaysia after seven thirty this morning, along with
the sports shortened week of course, Sir Andrew Sevilj implined
in the commentary box still to come on the Mic
Hosking Breakfast.

Speaker 3 (30:12):
Credible, compelling, the breakfast show you can't miss.

Speaker 1 (30:15):
It's the Mic Hosking Breakfast with the Defender embraced, the
impossible news talks dead be only.

Speaker 2 (30:21):
Seven past seven is a big week for the country
on the trade front, of course, the East Asia Summit
followed by APEC in South Korea, Trump and your headline
X So what if anything tangible comes out of any
of this or all of this? Todd mcclay's the Trade
Minister who was on his way today and he's with
us morning. Are you with us or not? Are we
getting an upgrade on our sen Has that been sorted

(30:41):
or do we have to work through something for that
to happen?

Speaker 16 (30:44):
So very close trade minist has met about a month
ago and agreed equivalent of language for the leaders they
were to work through. That allows an upgrade. Nothing will
happen quickly for New Zealand, though, it's the ability for
to sort of see a bit more integration rules, simplifying
so our businesses and getting out of those countries a
lot more easily. That's a really big push for us.

Speaker 2 (31:04):
Is that a material thing where dollars flow?

Speaker 16 (31:08):
Yes, absolutely it will be. So if you think if
you're a New Zevan company and you want to go
and set up in an Asian country, you'll have different
rules in every single one, which is okay, but some
of them are quite prohibitive. So the idea that we
can have, you know, a bit more freer movement of
those businesses, it's easier for them to set up, easier
for them. The trade will make a huge, huge difference.
I suppose the easiest way to look at it, Mike

(31:30):
is hasier. Pacific is a fast, just growing region in
the world. We sit right there on their doorstep. They're
very open to us. So if we can get rules simplified,
it'll be much easier for Kiwis to do better.

Speaker 6 (31:40):
There.

Speaker 2 (31:40):
Are they more open given what's happened with America and
they're the people who make the running shoes and they're
the ones being hit with forty percent.

Speaker 16 (31:47):
Well, they've already for the last handfully has been quite
open to us. It's a very long agreement. You've seen
quite a few of their leaders either come down or
our Prime minist has been up there. But yes, there
is a new sense of dynamism there. They want to
look more broad than some of their larger, more traditional
training partners in New Zealand along with Australia are an
easy pick for them.

Speaker 2 (32:06):
What about the FTI and career? Is there going to
be movement there?

Speaker 16 (32:10):
Well, I've been having conversations with my colleague. They've just
had an election, so it's a new minister we're talking
about that. It's we're at the stage we were talking
about levels of ambition. Both sides say, yes, it's time
to upgrade it. We want a really good upgrade. It's
a chance to modernize it because it was some time ago.
I think it's fair to say, as a result of
their election and your ministers, that's going to take a

(32:32):
little bit longer. But I'm on my way today. As
he said, up to Corea I'll be pushing that along
with the conversations with both China and the Chinese minister
and the US Minister about better rules for New Zealanders
and in the case of the US, more certainty as
to what might have what not happen with tariff.

Speaker 2 (32:48):
Righten good. Just last week the EU that seemed all
bullish is it?

Speaker 16 (32:52):
Yeah, very very positive. Their commissioner came down here. In fact,
he was on the araplane more than he was in
the country. Flew down here for US five hundred companies,
about two hundred from the EU came down. Of course,
this is to celebrate just over a year of our
free trade agreement, one point eight billion dollars of extra
exports for New Zealand goods exports up to that market,

(33:13):
and they're very keen to do more. He and I
have agreen will agreed will do another summit up in
Europe and it's just now about promoting that agreement so
that the trade can grow even more quickly.

Speaker 2 (33:23):
Good, go well, appreciate it. Tod McLay, who's the Trade Minister,
heading off this morning to career ten minutes past seven,
Oscar back. We're having a look at some aged care reform.
Apparently we've got a Ministry Real advisory group they've established
to review the outdated funding model their words, not mine,
currently costs US two and a half billion dollars a year.
What they're looking at is the sustainable supply of aged
gere beds and cohesion between services. Now Tracy Martin form

(33:46):
New Zealand First m P of course, our chief executive
of Age Care Association these days, and is with us.
Good morning, good morning. We haven't talked for a while
post to your political life. Do you enjoying this job?
Have you got a grip on it?

Speaker 8 (33:57):
Yes, I am enjoying it. I think I'm gripping it up.

Speaker 2 (34:00):
Okay, as the Prime Minister would say, at two and
a half billion dollars expenditure for the sector, is the
money efficient?

Speaker 8 (34:10):
Two and a half billion dollars also includes home in
home care delivery, so it's not all for residential care.
But I don't think anybody believes, and we've had report
after report after report saying that the model of delivery
and the funding system itself is broken. So ultimately, at

(34:30):
the moment, we're putting that money in. But can we
say that we are getting the best the most efficient
system out the other side that cares for people the
way they should be cared for. We've got passionate people
delivering care, absolutely, but the model needs to have to
be looked at.

Speaker 2 (34:46):
Okay. So it's not just automatically about more.

Speaker 8 (34:49):
Money, No, definitely not. This is about taking you know,
what is the last century way of delivering care to
a completely different cohort of human beings. Ultimately, they're older,
they come in with much more complicated sort of co morbidities,
their acuities higher. Aging in place has been very successful,

(35:10):
So the people that are being looked after in residential
care have much higher needs and it needs to be
delivered in a different way.

Speaker 2 (35:17):
Okay, apart from the different wayside of it, the aging
population and its role and how dramatic that will be.
Are we on top of that?

Speaker 8 (35:26):
No, absolutely not. I mean government's successive governments have known
its coming and they haven't taken the action that's needed
to be taken. So we're kind of got a very
small window left now around about ten to fifteen years.

Speaker 2 (35:38):
Okay, So it's one thing to say, let's have a
look at it. Is anything going to happen? When do
I ring you back? And when do you go, well,
I'll tell you what we fixed that good and proper.

Speaker 8 (35:46):
Yes, that's right, well, well done. Good point. I think
what we're hoping for with the announcement that has been
made recently as this is the first true action. This
is not another review. This is actual bringing experts who
know how to deliver care both in home and in
residential care together in a room and giving them a

(36:07):
period of time, a short period of time, and saying, okay,
tell us what will work, and then we'll take it
into cabinet and then we'll have a conversation about it.

Speaker 2 (36:15):
Good luck with that. Tracy Martin, Chief Executive, Aged Care Association,
thirteen past seven, last getting Mike ask you for you
to clarify will the tax kick in from the property
rtable value as of twenty twenty seven. I'm not sure.
This is one of the complicating things about tax Nothing
gets your exercise like money, does it. There's nothing rpable
about it. The only time you taxed on something is
when you sell it, when you realize the value. So

(36:36):
in other words, they go back to when you bought
it and when you sell it. When you sell it
is when you are taxed Mike, does the CGT relate
to things like my wife's diamond ring that I gave
it thirty years ago? Well, first of all, why are
you selling your wife's diamond ring? And no, it doesn't.
Personal items are not included. Essentially, it is just your
batch or your business. It's not about this capital gains tax,

(36:56):
but the fact that this opens the door. And this
is the big question they're going to have to host down.
It's not about this capital gains tax, but the fact
that this opens the door. Once it's in, they will
add inheritance, and then the farm and then the family home.
The interesting thing about this morning is they only put
it out because it got leaked over the weekend. So
I'm not sure they're as tight as a drum or

(37:18):
as tight as they might like to think they are.
Fourteen pasted.

Speaker 1 (37:22):
The Mike Asking Breakfast Full Show podcast on iHeartRadio.

Speaker 3 (37:26):
Howard by News talks at be Prime.

Speaker 2 (37:29):
Minister about fifteen minutes away. Sixteen past seven didn't go
so well for Leam yesterday in Mexico DNF. That's five
the season word from Red Bull's helmet marker was they
were going to make the call now ish this is
laws and Sonoda and lind lad that's now off for
a month until they think guitar, So they're focusing on
Max anyway. Bo McMurray former McClaren race members with us,
Bob morning, Good morning, Mike. What's I mean? I don't

(37:51):
know where the hell we're at with us? I mean,
is had your red bulls answer? I mean, so are
they stuck on that and therefore they move him Sonoda's out?
Or is it laws and out? Why are they promoting Lindblad?

Speaker 17 (38:02):
Yeah, it's a black art with the driver and management,
isn't it? And helt Marco seems to make a black
art even blacker. We honestly, we don't know. Nobody knows
apart from those in the team. But my gup feel
is that they will still keep Liam Sonoda will be
out and possibly be a reserve driver from Aston Martin

(38:24):
or something, unless Honda come up with a whole bunch
of money to keep him in the team, in which
case Liam is out. Now, all these things are variables
that they play around with. They've delayed that decision now
until basically the end of the season, and they say
that's to concentrate on Max Withstafan winning the championship. But
I would imagine it is more like they haven't got

(38:45):
enough information on ourvid Lindblad, who after all, was down
here in January racing in the Toyota Formula Regional Championship.
I mean it's a big old stretch from that to
Formula One. But nonetheless they're like that. Two, they don't
want to make demoralize their drivers as the season goes on,
and I really.

Speaker 2 (39:05):
Thought they've wrecked that already.

Speaker 17 (39:07):
Yeah, yeah, they're doing a good job of that. But three,
they might need actually need those three drivers Sunoda, Hajja
and Lawson to help Max for Staffen in his bid
to win the championship by getting in the way or
being a chicane or something like that.

Speaker 10 (39:23):
But it is.

Speaker 17 (39:25):
It's got to be the worst situation for junior drivers,
and I still class Liam as a junior driver in
that respect to be in when Red Bull holds all
the cards, they have your contract. You can't do anything else.

Speaker 2 (39:38):
No, what's the first nation with Limblad. He hasn't done
enough to warrant the promotion. He was out in FP
one over the weekend. And you look good and you
perform well and all that stuff, but when you got
some capable drivers, what is it about limb Blad that's
so magical.

Speaker 17 (39:50):
Well, they think he's a bit of a star. Now
he's seventh in the Formula two Championship at the moment.
It ain't star material. So and he does have the
super license pots, whereas he's the only one that they've
got who is eligible with super license points in their
stable of junior drivers. I think Lynd Ladd, I really
think Lynd Ladd needs another season in Formula two because

(40:13):
I think it's all very well appearing for an hour
on a Friday morning and amazing everybody, but it's not
what you do every weekend, every weekend in a Grand
Prix campaign. And I think he needs more, much more
than just appearing now and again and saying you're our
next coming star.

Speaker 2 (40:30):
Good stuff, Bob. Nice to get your inside as always,
Bob McMurray. And my guest from everyone I talk to
is that if anyone goes to know to goes with
the Honda connection, he's off to esther Martiners. As Bob
alluded to Mike, and do you get a deduction for
any losses you might make?

Speaker 14 (40:47):
Right?

Speaker 2 (40:47):
One more time on capital gains. Capital gains. If there
is no gain, there is no capital. If there is
no capital, it is not Text twenty past.

Speaker 1 (40:58):
Seven, the Mike Hosking Breakfast Full Show podcast on iHeartRadio
powered by NEWSTALKSP.

Speaker 2 (41:08):
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your profitability. Sket I do have a question at seven
twenty four, A quick question in fact on the Oxford Union. Now,
we thought it was a thing when David longee you
remember when David Longe turned up all those years ago.

(42:16):
But since then Willie Jackson and David Symore and now
Winston Peters have appeared. So does that diminish its exclusiveness anyway? Peters,
who was there over the weekend, what did he argue? Well,
he argued that courts here undermine democracy. God blessed that man,
and may he spread that message far and wide. Just
last week's for Shure and Marine Amber Bill. As your
latest and classic example, we had a law came in

(42:37):
in twenty eleven. Some people didn't like it, and you're
allowed not to like laws, But hijacking democracy by trying
your luck and interventionist courts is not helpful to a
country looking for a bit of peace and harmony. Courts
are good for a bunch of stuff, deciding either by
judge or jury, whether mister Pollock was in the library
with a candlestick i e. Crime, whether another judge erd

(42:58):
in an initial finding i e. Appeals, or whether there's
a gap in the law, and if there is, how
that gap could be filled i e. The Supreme Court.
What they're not good at, although I'm sure given their
operations of late, they would argue otherwise is taking in
already established existing law and upending it because they believe
they are superior to the ultimate court, which is, of
course the Parliament, and the Parliament is the ultimate court

(43:19):
because of the group of lawmakers are put there by us.
The voter Peters, a lawyer himself, of course, is doing
a great service on our behalf because too many people,
including people in the Parliament, are afraid to call things
out when they need calling out. They were afraid, for example,
to call out the Reserve Bank when it butchered the economy,
afraid to call out the Speaker when he failed to
properly deal with the clowns in the House, and afraid

(43:40):
to call out the judges at places like the WAITANGI
tribunal tribunal when they very clearly overstep their mandate and
look increasingly like little more than trouble makers. So Winston
Peters good foreign minister and good at telling it like
it is. By that man of beer asking morning, Mike,
are late to the party. Sorry, Labor relies on jealousy

(44:01):
and ignorance, which fits in with the Union alliance as
any CG tax that doesn't account for inflation is double theft.
Well that's exactly what it is. If you think they're
going to take into account inflation, you're dreaming. So long
they're dreaming, Mike. This capital gains tax, how far back
will it go? As a I'm not sure why this
is complicated, but it's really interesting to get the responses
this morning. It goes back as far as you bought
the property, whatever the property is. When you bought it

(44:22):
is day one, when you sell it is day two.
And the gap and value between them is what is tax. So,
as the text goes as, a three thirty thousand dollar
house bought in the sixties will have more capital gain
than the one million dollar house bought three years ago. Correct,
one hundred percent, correct, Wayne, But there will be very
few people left in the country who bought a house
in the nineteen sixties for thirty thousand. But if you did,

(44:45):
and you go to realize it, and this is the
unfairness of it all. If you bought your nice marital
house in nineteen sixty seven, three beds, one bathroom, eighteen
hundred square meters of land, because that's what they were
in those days, and you paid thirty thousand dollars, and
now suddenly you reach retirement thirty five or forty years later,
and the thing's worth two and a half million dollars
because it's an auckland. The difference between thirty thousand and

(45:06):
two and a half million dollars is what you get
taxed on Welcome to the Labor Party of twenty twenty five,
and that'll be at twenty eight percent, So it's a
million dollars. Say the profit is a million dollars twenty
eight percent of a million dollars. You do the math, Mike,
does CGT take into account any improvements you might have
done it. You don't know what takes them to it.

(45:26):
It's the sale price, what you bought it for versus
what you sell it for. The difference is what is taxed.
That is the capital game. Christopher Luxen from Asia. Next
on the Mike Hosking.

Speaker 1 (45:40):
Books No Fluff, Just facts and fierce debate, The Mic
Hosking Breakfast with Bailey's Real Estate Finding the Buyers Others
can't use Togs dead bs.

Speaker 2 (45:52):
Twenty three minutes away from being a short week, of course,
it's seen commentary boxed up for eight o'clock andrews Helvin
Jason Pine will be doing the business. So much to
talk about, from the netball to the boxing to lead lawson.
Of course. Meantime, the Prime Minister was with us from
Asian ahead of APEX curs of liccens with us morning.

Speaker 13 (46:09):
Good morning, Mike Dard. Do I have a fun fact
for you? Last time you gave me grief about doing
the fun facts at the end? Yes, you know that
we export in three days now what we used to
do in a year in nineteen seventy five to.

Speaker 2 (46:22):
The world, to Southeast Asia.

Speaker 13 (46:24):
Southeast Asia, yep, where I am today and kal So
that's pretty cool, isn't it.

Speaker 2 (46:28):
So, just just for the record, we export to Southeast
Asia now in three days what we used to export
in a whole year.

Speaker 13 (46:37):
In nineteen seventy five.

Speaker 2 (46:38):
Yep, that's that's an that's an impressive fact. Congratulations, How
was your How was your Monday? Is this really about
glad handing in relationships as opposed to specific deals?

Speaker 13 (46:49):
Now, Look, I mean Asian and Apek is about seventy
percent of our exports, sixty percent of the population, about
half the global economy. And so there's four things I'm
trying to do while I'm up here. One is to
get it what it's called a comprensive strategic partnership with
u CM, which is all the eleven countries in Southeast Asia.
That means we're only one of seven countries that have
that arrangement. That's the highest level sort of diplomatic relationship

(47:10):
you can have. And as a consequence, that means that
those countries in Southeast Asia have us a higher priority
to invest in and obviously make a bigger effort for
us to deal with our exports coming in and out
of those countries as well. I've got a bit of
work to do with Malaysia to do about investment back
in New Zealand, particularly renewables and hospitality. Then we go
to Korea where Apekas where the twenty one economies of

(47:33):
apec Are and that's a chance also for us to
talk about that grouping and what we're doing. But also
we're in Korea. We're going to have a comperence of
stategic partnership, a serious upgrade. And of course Korea is
our first largest trading partner. It's pretty sizable for New Zealand.
So that's really what we're here to do is just
make sure we're doing everything we can to open up
and get to the top draw of relationships with all

(47:54):
these countries so that we can create opportunities for our
businesses to come in and sell a lot of stuff.
And of course they are We've had a fantastic experts
record this year which have been brought.

Speaker 2 (48:03):
In the deal. Will it get done this week or not?

Speaker 13 (48:07):
Yes it will, Yes, it will, so I hope to.
I've got to make a pitch tomorrow in a meeting
and then we will celebrate that, hopefully over a lunch
and then and then get that deal signed a link tomorrow.

Speaker 2 (48:18):
Good. The Korean deal is worth what?

Speaker 13 (48:21):
Not sure what it will be worth. I mean we've done,
We've got I've got an f t A with Korea
which has been actually there for some time, and we
keep pushing to see that we can get that you
can further upgraded. But but again what this does is
put us into the top relation top top draw of
relationships with them as well. And a lot of it
is as I said, is you know, we're seeing a
lot of product career. I went up there on a

(48:42):
on a state visit there and took a very large
delegation and again a lot of products and services, but
also some technology businesses up there as well.

Speaker 2 (48:51):
What's your sense in the you know, short time you've
been there, this this rules based order, free trade, what
we're about versus what some other countries are about these ways?
Is that argument still winning? Is free trade still a thing?
Or are we losing?

Speaker 13 (49:04):
No, it is still a thing. I mean you might
remember I hit the phone's pretty hard April, and I
then with a Shilvondalan and Europe, And what we have
agreed is that the European Union and the CPTPP countries
and the European Union and the Arcian countries, which represent
those three blocks are about forty percent of global trade,
which is very very sizable. We made a decision that

(49:26):
we really want to make sure that those blocks actually
have interfaces that work with each other, so when there
are trade disputes, we keep working through the rules based
system that we actually have an avenue for talking about
trade and economics between those blocks as well. So we've
actually will have both those trading dialogues as we call them,
in place before the end of the year. And that
came about because of what we were saying around tariffs.

(49:49):
And it's not that, yes, we're managing our bilateral relationship
with America around tariffs by and large fairly tidally, but
it's actually the flow on effects of if you get
other countries that are caught up in the tariff war
with the US and then they end up dumping stock
and then there's tit for tat tariffs, before you know,
the whole system breaks down very quickly.

Speaker 2 (50:07):
But you're on the heart of that system. I mean,
no one makes more sports. Guan, Vietnam, Cambodia, places like that.
Are they deeply worried about what's going on?

Speaker 13 (50:14):
Yeah, yeah they are. I mean you would have seen
even in the last twenty four hours a lot of
the Southeast Asian countries that have surpluses.

Speaker 9 (50:20):
With the US like we do.

Speaker 13 (50:21):
We've got the lowest payment at fifteen percent. Many of
them mic are up at you know, forty percent, you know,
twenty to forty percent, So they've been trying to negotiate
sort of into the lower twenties. But yes, many of
them are incredibly worried about it. When I talked to
them privately one on one.

Speaker 2 (50:35):
You talked about von de leayon last week before you
got to where you are this morning, the EU meeting
was here. Did that go well? And is that of
material consequence? Are things improving with that particular part of
the world.

Speaker 13 (50:47):
Yeah, it is, and partly because you know, historically with
the UK and the EU, we've always banged on about
our historical ties now like mindedness and all the historical
stuff of world wars and all that sort of thing.
But the reality is now with the FTA and our
defense commitments, we've actually got quite a bit to propel
the relationship going forward. So to give you a feel
for it, our trade with the UK went up I

(51:08):
think twenty percent. Our trade with the European Union has
gone up twenty eight percent, So we've added two billion
dollars since that FDA came into force, with brought in
early on in our government accelerated entree, but it's about
twenty one billion dollars worth of trade in Europe, so
it's a very efficient.

Speaker 9 (51:25):
Vehicle for US.

Speaker 13 (51:26):
It's also great to have options available for many of
our businesses that have got very very agile and moving
out of one market into another market or shifting their
weight and having more diversified markets to play, And it's
been really important.

Speaker 2 (51:38):
By the time you get to apick it a little
bit about the US and China, there's some sort of framework.
I mean, yes, it's important globally, But are they going
to steal the show?

Speaker 13 (51:48):
I think they will be. You know, that'll be a
very dominant conversation. I spoke to Premier Lee of China
this evening about it. They were feeling they had had
some sort of you know, their secretaries and them misters
have done some pre work to sort of calm things down.
And for the world's two largest economies, you know, we
actually all want them to de escalate and actually get

(52:10):
to a better understanding of each other and to get
get it sorted basically, so we don't have the chaos
from the disruption that we've been experiencing. So it's in
all of our collective interest that that's a positive conversation,
which you know, all indications are that they have been
working towards a framework that they think that they can
get to a much more de escalated place which would
be good for the world.

Speaker 2 (52:29):
And how much angst within your camp as to whether
you get to meet Trump or not.

Speaker 13 (52:35):
Look, I mean, we'll see what happens. I mean, basically
today has been a series of bilaterals with I think Vietnam, Cambodia, Thailand, Laos, India,
and obviously Premier League in China, and then we've got
more tomorrow here in KL and then there'll be from
over a couple of days in Korea as well, so
we'll see what happens. His schedule is pretty fluid, as
you can see, he's jammed in quite a bit. He's

(52:57):
come into KL, he's in left Ko, been in Japan
to day I think tomorrow, then rocks into Korea and
obviously if you even talk of whether you go to
North Korea. I meet with Keim John and I've seen
a new media reports this evening, so we'll just see
where it all gets to and what happens.

Speaker 2 (53:11):
A couple of domestic issues Rabshanka, the new CEO of
the in New Zealand, was on the program last week.
He started talking about subsidizing certain routes, you know, the
roots that aren't well serviced by in New Zealand. As
a major shareholder, one is the government, but two as
a major shareholder, are you into that at all or not?

Speaker 8 (53:27):
Not?

Speaker 10 (53:27):
Really?

Speaker 13 (53:28):
I really wanted in New Zealand to focused on building
a better business, you know, and that means get focused
on your costs, your customer, your commercials and the culture
you know, and get those things right and do everything
you can to control that that part of the business
with respect to subsidies. Frankly, you know that's dollars that
we then are not spending on hospitals or schools. And
such a pretty simple choice for me. So my message

(53:50):
back to then would be in New Zealand, you know,
keep working your own cost base over your commercials, your
customer experience and obviously your new culture inside the business.

Speaker 2 (53:59):
And you've Foreign Minister was at the Oxford Union and
he said the courts in New Zealand are undermining democracy?
Is he right?

Speaker 17 (54:07):
Oh?

Speaker 13 (54:07):
I wouldn't I wouldn't go wouldn't go that far. Myself
to say that myself, I think we've got good commedy
between the courts and government. I think it's important that
we do. I know he's arguing in his New Zealand
first capacity at that debate, but no, I'd probably disagree
with him. We've got, you know, where we are. We
know Parliament and law made in parliament a supreme and
that's where you've seen us. Where we've been, we've had

(54:27):
adverse court decisions or we felt felt that thresholds have
been lowered and the intent of what Parliament intended has
been changed, then we end up going back and passing
legislation to lock that in again.

Speaker 2 (54:37):
All right, appreciate your time, Christopert, Sleep well forris the
reluxant out of Ascian ahead of APEC. Come back to
the CGT. The CGT it appears to me already to
be blowing up in the Labor Party's face more than
a moment.

Speaker 1 (54:50):
Seven five Good The Mike Asking Breakfast, a full show
podcast on iHeartRadio powered by News Talks at be.

Speaker 2 (55:00):
Right, O, sir, here's sheit. I don't even know why
I waded into this this morning. So the capital gains tax,
this is what the Labor Party says not me. Targeted
capital gains tax on the profit made after one July
twenty twenty seven, on the profit made after, So your

(55:20):
profit is made after Now you can take that two ways.
Of course, you can take it doesn't matter when you
purchase the property. Anything from July one forwards is the
profit that's taxed. Or you can equally take it to
mean that when you go to sell post July i e.
When the law changes. So on the second of July,
if you happen to sell your house, whatever profit you've

(55:42):
made on your property, you will be taxed at. Now
if you accept, as some people appear to be doing that,
the law starts July one, and therefore everything begins joly
one you would need and we've got this from Hepkin's office.
They're calling it valuation day. Now. Of course, there is
no such thing as valuation day unless they're going to
individually value every single house in this country, which of

(56:04):
course they're not going to do so. According to them,
on the first of July, your house is going to
be worth something. Now who decides that is open to
some interpretation this morning, and where I'm personally no clearer.
They're saying it's the council, it's the RV, it's the
CV or the RV. Now we all know what CV's
and RVs mean, and the answer is, broadly speaking, nothing.

(56:26):
And you can go and argue with your counsel in
go and get it adjusted up and down, depending on
your own individual circumstances. But that appears to be what
they're arguing. So you will need to go on the
first of July to get a valuation for your property,
because as sure as night follows day in seven years time,
when you go to sell your house, when you're retrospectively
looking for evaluation and want to adjust it because you

(56:47):
didn't think it was appropriate at the time, you're going
to be out of luck. So everyone's going to need
to value their house on the first of July twenty
twenty seven, according to the Labor Party, and it's from
that point on. If you then sell your house a
week later, the chances are there'll be no material difference
in the value of your house. Therefore there will be
no tax to pay. If in a year's time your
house has gone up ten percent and it's gone from

(57:08):
a million to say one point one million dollars, you'll
pay tax on one hundred thousand dollars. That's as far
as I can work out how it's going to work.
But having talked to Hipkin's office, I don't believe they
understand what they've announced and what they require of us
to specifically ascertain what the value of our house is

(57:31):
on the first of July, and given most people won't
do that, there's going to be all hell to pay
when we do get around to selling our property and
then all of a sudden they're going to tax us
on something that we didn't realize we were being taxed
on because we didn't know the value on day one.
Does that make sense? Welcome to the Labor Party eight
to eight.

Speaker 3 (57:52):
The make Asking Breakfast. We're the defender and use Tom's
dead b.

Speaker 2 (57:56):
What we haven't reported on this morning is Kupa Ky's
been or going to be suspended on the Mari Party.
I'm not sure how that works. I mean, you can
suspend somebody from the party. You can't suspend her as
an MP because of course she's locally elected MP, so
she remains the MP. But she's suspended from the party.
So does she remain the local MP for the party
or does she just and does she pay CGT on

(58:18):
that or not? Wanting Mike disappointing into the Mexican Grand
Prix really unnecessary yellow flags for Starping was rapidly clatching well,
he was more than rapidly catching the clear. He was
about to overtake him. Pstre's freaking out. If you ever
want a good insight into the mind games of F one,
have a look at Piastre. So it's Pstre's car the
same as Norris's car. Yes, is Norris winning by a

(58:39):
long way? Yes? Why isn't Piastre up where Norris is?
Because he's freaking out and he's getting nervous, and because
he's younger and less experienced, he's not handling things well
and he pretty much admitted as much yesterday. Beerman did
extremely well. But the points race is on and if
the step and gets there, or even if this comes
down to the final race, which it would appeaar that

(59:01):
it may well do, this will be one of the
great seasons of all time. And what started out as oh, yeah,
they're just going to run away with it is no
longer the case, and so Verstappen could well be aiming
for his fifth and realistically gaining his fifth while Piastre
and Norris, who were the sole story in the game.
In other words, is it Piastre, is it Norris?

Speaker 10 (59:21):
Is at?

Speaker 2 (59:21):
Norris? Is at Piastre? Let's have a game between and
Papaya rules and all the other nonsense we spent a
couple of weeks talking about. None of it may matter
if we come down to the final race in the
Middle East and you've got the calculation going in if
Verstapen wins, or Norris comes third, or Piastre comes first
and Verstappen comes second. If you've got that sort of
calculation going into the final race, I mean, that's going
to be one of the great ones of all time.

(59:42):
Isn't it? Right question for you? Ahead of the lads
in the commentary box? What's the biggest story? What's exercised
you more over the weekend of thinking about sport? Was
it the reinstatement of Nolan Tarrul which must be surely
the prize when they should have a Hellberg Award for
the biggest sporting cock up of the year, because that's
a laid down Massira. I would have thought, is that
the biggest story was Joe Parker's defeat from nowhere the

(01:00:02):
biggest story in the prospects of title fights? Or was
it the Canterbury in PC when Nut knew that was
going to happen? Didn't we news for you? And then
we'll get into the sport near a news talk.

Speaker 1 (01:00:13):
Seed asking the questions others won't the mic asking Breakfast
with Vita, retirement communities, life your Way, news talks.

Speaker 2 (01:00:23):
Head Bes, Sprung Room, it is no.

Speaker 18 (01:00:30):
Run commotion, Apollo plates Cannibal into the tenure and Apollo
Projects Stadium as champion.

Speaker 3 (01:00:40):
The ports celebrate Jesse Randall's goal is enough for the
home team full.

Speaker 14 (01:00:46):
Time here and Joe Media Stadium, AUTORNIFC one Western Sydney
wander Reserve, the Yellow Fever celebrate at first went that
Sky Stadium and fifteen matches, one bounce of events and
Daryl Mitchell, who was so qualified he was needed to

(01:01:07):
fight for New Zealand today as wickets when and deficult
conditions and.

Speaker 3 (01:01:10):
He got them through.

Speaker 2 (01:01:13):
Morning Mike.

Speaker 1 (01:01:14):
For me, Monday Morning Commentary, Barks with spears, fight ads,
smart ass and equipment, fight adds for Kiwi businesses.

Speaker 2 (01:01:21):
For me, it was the Dodgers winning Game two of
the World Series and Yamamoto having a second complete game
in the playoffs. It's a very good point. I've forgotten
about that because I happened to catch a little bit
of that and I was very pleased because the Blue
Jays won the first game, and I thought, ah, that's
good because otherwise the Dodge is going to be a whitewash.
So Game three is tomorrow. Andrew Sevel's with us along
with Jason Pine. Morning to both of you. Morning home, Mike, Jason,

(01:01:44):
can you explain to us please labour's capital gains tax policy?

Speaker 19 (01:01:52):
You have come to the wrong man for that, Mike guy,
I would.

Speaker 2 (01:01:56):
Say, okay, you're able to help us out.

Speaker 10 (01:01:59):
Sev.

Speaker 7 (01:01:59):
No, geez, you're on a tea today, aren't you. No.

Speaker 2 (01:02:05):
No, If I bought a house in nineteen eighty seven.

Speaker 7 (01:02:11):
On the list of things I've done over labor weekend,
that was or would be right at the.

Speaker 2 (01:02:17):
Fair enough to actually tell you what I did enjoy
enough ago. I almost forgot about that as well, because
of long weekends. It's you know, it's all a bit
of a haze. Did either of you see the supercars
at Gold Coast?

Speaker 10 (01:02:27):
A little bits of it that?

Speaker 19 (01:02:29):
Yeah, I didn't really.

Speaker 2 (01:02:30):
As a street circuit and carnage on a card. There's nothing.
I don't think there's a circuit in the world that
beats that. It's the amount of you know, the line
between brilliance and complete disaster is so fine, it's unbelievable.
I thought that was just thrilling set.

Speaker 7 (01:02:47):
Good crowd, very hot. I say, love, gee, what a
what a huge sporting weekend. I love the Samula Tonga
rugby league game on Sunday that was outstanding yea. And
looking forward to the Kiwis when they take on Tong
of this weekend.

Speaker 2 (01:03:01):
So it's just like the unfortunate thing about that contest though,
isn't it, because if we need to win and if
we lose by eighteen, it's like the Labor Party CGT tax. Actually,
I can't work out what the calculation is for the
other side to get into that fight.

Speaker 7 (01:03:15):
Just think about winning, Mike, don't think about the calculationss.
Just think about winning, mate.

Speaker 2 (01:03:21):
Okay, Right, So to the question, then, Jason, the biggest
story for you is Joe Parker. And I'm going to
add a third actually because Joe Parker and his loss,
the reinstatement of Nolin Tarua or the betting scandal in
the NBA.

Speaker 20 (01:03:36):
It's Parker for me because of the repercussions of his loss.
I'm completely over the netball Mike. I understand now that
there's been a resolution, we have to unpack that, but
what an utter shambles, a complete chamozzle of management and
everything that's gone with it. For Parker, I thought it

(01:03:57):
was a really good fight and if it had gone
the distance, he probably would have won it. But Wardley
knew at the end that he was probably behind, had
to come up with with.

Speaker 19 (01:04:07):
A big tenth and eleventh round.

Speaker 20 (01:04:10):
I I you know, people say it's a gamble and
didn't pay off. For Joe Parker, he didn't have to
fight Warter. He could have just waited. He wanted to fight.
Spokes made him on the air a couple of weeks ago.
He wanted to fight, and good on him for doing it.
It has backfight and that now he goes back a
step and where to now?

Speaker 19 (01:04:25):
But for me, the yeah, the Parker fight on what
about you?

Speaker 2 (01:04:29):
Sem Yeah?

Speaker 7 (01:04:30):
Probably Parker, Mike. Look with the net boy, I just
think they've succumbed to public pressure, haven't they? Well fly
gone that's when we sat around a table and gone, gee, guys,
we're not.

Speaker 12 (01:04:40):
Looking good out of this.

Speaker 2 (01:04:45):
This week thing. To work that out, do you well?

Speaker 7 (01:04:48):
And I thought she would have been reinstated for this
Northern two coming.

Speaker 10 (01:04:51):
Up and leaving in a couple of weeks.

Speaker 2 (01:04:53):
What I said, I just don't get any of this.
And as for this, I'm watching them over the weeking
saying we haven't we hadn't talked about this as a
collective yet. I'm thinking, what's the matter with the sport?
I mean, you're honestly telling me in the locker room
that they're not going. Oh Nolean's back. Oh I hate her.
No you don't, Yes you do, No, you don't. That
must be all they talk about.

Speaker 7 (01:05:13):
I wonder how close she was to saying, you know what,
stick it, I'll see you later. But she obviously wants
to coach this team. She obviously wants to wants to
carry on and aim for more success at calm games,
et cetera, et cetera. And yeah, again, I just look,
everyone's been mounting criticism and pressure on netballans, you know,
I just think they've given in.

Speaker 20 (01:05:34):
Yeah, but I think it's it's justified, though, wasn't it,
because we've had nothing from them. There's been absolutely no
transparency at all. Mike, What on earth have they been
doing for the last two months when they stood Dame
Nolene down. We've got to the point now where they've
reinstated her. As I understand it, Dame nolean doesn't even
know the full extent of the allegations against her, because

(01:05:55):
if she was told, that would reveal the identity of
those who had the issue. So she's left somewhat in
the dark as well. Seems right she could see, you
know what, I'll go do something else.

Speaker 2 (01:06:05):
There's a problem. There's a problem with that. But I
mean what I also understand, correct me, either of you
if I'm wrong, is that that in doing the investigation
they found nothing to see. So obviously it was a
series of accusations by some people who didn't like the
way they were treated. They looked at it found nothing. Therefore,
you could I mean, what was the point of that
particular exercise? Why do you stand somebody down while you're investigating.

(01:06:26):
Why don't you investigate and work out whether there's a
problem or not, and if there isn't a problem, then
you carry on.

Speaker 7 (01:06:32):
And so what you're saying is, if you're in her shoes,
Dame no Leane, would you be entitled to have a
crack at Netbull and Zip.

Speaker 2 (01:06:39):
Her career and reputation has been put into question.

Speaker 7 (01:06:42):
Yeah, exactly, But she clearly is the bigger person just
wants to get back with the team and carry on.

Speaker 2 (01:06:47):
But the difficulty in your scenario is if you get
stood down the way she was and then go look,
I don't need you guys, get lost, you then leave
under a cloud because that people would inevitably go, oh yeah,
bitch you there really was something and that's why she left,
and you don't want that if there is nothing. Listen
brief break More in a Moment thirteen past.

Speaker 1 (01:07:04):
The Mike Hosking Breakfast Full Show podcast on iHeart Radio
powered by News Talk.

Speaker 2 (01:07:09):
Zippi News Talks at Me sixteen past eight.

Speaker 1 (01:07:13):
The Monday morning commentary Barks with Spears, Fight Ads, smart
Ass and Equipment Fight adds for Kiwi Businesses.

Speaker 2 (01:07:20):
Quick Word on the NPC Good Crowd, Jason and the
Right Team won and all in all, as far as
NPC Rugby goes, it seemed like a half decent season
to me, didn't it?

Speaker 19 (01:07:30):
Yeah?

Speaker 20 (01:07:31):
No, good season. Yeah and yeah, the MPC is deed
argument seemed to be put to bed on Saturday. Great crowd.
Tom Christy goes out of winner. He's been wonderful for Canterbury.

Speaker 19 (01:07:41):
Thought it. Tiger gave pretty good acount of themselves. Yeah,
a good season. Well done to those in red and black.

Speaker 10 (01:07:47):
Yeah.

Speaker 9 (01:07:48):
Great.

Speaker 2 (01:07:49):
It was a great atmosphere, Mike was it wasn't memories
of Twitter but breezy but a sunny day.

Speaker 7 (01:07:54):
You think it was sold out? Shames Rotargo because I'd
played some fantastic footy o season and hadn't won it
for what twenty eight thirty years. The good news for
them is I think, yes, Super Rugby is a step up,
but I think you'll see a much improved Highland As
team because of that next year under Jamie Joseph. Back
to Parker, Mike, and the problem for him is that

(01:08:17):
if this was the UFC, because UFC controls will be fighters,
he'd be fighting in five or six months again against
you know, maybe one, two or three in the world
or so, you know, somewhere along those lines. But because
this is boxing, it could well take a long time
if he wants to carry on. It sounds like it does.
It could take a long time for him to get
back into any sort of position to have a crack

(01:08:38):
at one of the one of them.

Speaker 2 (01:08:41):
I saw his press conference. He said, what I like
about him these days is he's so engaging. I mean
he turned out with his black eye and his swollen
head and his hoody on, and but he was it
was sort of he's likable with it. It's you know,
the days you think about where they beat each other
up at the way in and all that crap, smack
talk each other and stuff, and seems largely gone. But

(01:09:03):
how do you get back? This is the problem because
Usick was a problem. Even if he.

Speaker 20 (01:09:07):
Had won, Yeah, he won't fight well obviously Wardley. Usak
has to fight Wardley now, doesn't he? So that happen
so well, that's presumably because Usik was presumably having to
fight park At but didn't.

Speaker 2 (01:09:22):
But what about Dubois. Where's Dubois fit into it?

Speaker 7 (01:09:25):
Goodness only and Wardley drug? Wardley probably doesn't get close
to us of course not.

Speaker 2 (01:09:30):
I mean that was Wardley's That was his day in
the sun, wasn't it. You could see that all day long.
You'll never hear from the guy again. He probably doesn't
even want to fight again. He couldn't believe it's luck.
He fell over an exhaustion and the big loser was part.
So I mean that's the end of that. But I
mean getting back to the real fighter. I just can't
work out how, having watched this Herne documentary on Netflix,

(01:09:51):
between the do they sell out? The O two? Where's
the Shaken? And Saudi Arabia fed into all of this?

Speaker 7 (01:09:56):
Is it Queensburry is es, It's very it's very convoluted.
All he can do now is take a break, I
think again, if he wants to get back and training
and see where the see where the dust settles and yeah,
but it will take a fair of while.

Speaker 2 (01:10:13):
Where are you? Where are you? You two? On the
Jason ufes, where are you guys? On the F word?
So I hear the F word very distinctly in the
NPC final with the captain he goes nuts yelling at
the crowd, and I hear the F word broadcast and
I heard it three or four times over the weekend
in the Gold Coast, and each time they apologize, they
go sorry for the language, sorry, And they're not sorry

(01:10:33):
for the language because they couldn't control it. There's nothing
you can do about it. And haven't we reached a
point where people swear in exultation or misery and sport
and it is what it is.

Speaker 13 (01:10:42):
Yeah?

Speaker 20 (01:10:42):
Absolutely, well, that's that's how I feel about it. I mean,
I wouldn't want sav to use the word during a
sports bulletin.

Speaker 19 (01:10:49):
That'll be a different No, that's true.

Speaker 20 (01:10:51):
But I think in the heat of the moment, there's
a couple of words I think you wouldn't wind out there.

Speaker 19 (01:10:55):
I think players are I think players are sensible enough.

Speaker 10 (01:10:58):
Not to use those.

Speaker 20 (01:10:58):
But as far as the F word is concerns, Look,
I'm not rushing to, you know, to cover the ears
of anybody under the age of ten in the room
if that that is, if that comes through the television.

Speaker 10 (01:11:11):
You wouldn't use it on here, though, Mike, would you?

Speaker 2 (01:11:12):
No, I wouldn't. But but I'm not. I'm not about
to win the NPC final, you No. No, I haven't
just crashed in the car into the barrier on the
Gold Coast and the rasers over. You know, I got
another half hour of the show and it's going to
go fairly well for me.

Speaker 7 (01:11:27):
Yeah, yeah, as it always does.

Speaker 19 (01:11:28):
As it always we want to motion, don't we.

Speaker 20 (01:11:31):
We always said we want a motion from our sports people.
We want authenticity from our sports people. That doesn't mean
that they just come out with explets every time they talk,
but in the heat of the battle, the postmatch interview
is different. Sometimes they drop one in there and it's like, oh,
that's a bit jarring. But in the game, in the
heat of the battle, they're human like all of us.

Speaker 2 (01:11:48):
That's what I thought. The football Jason real quick, did
we find in out anything that was gripping about Wellington
or Auckland couple and turned.

Speaker 19 (01:11:57):
Up to talk to our fourteen thousand?

Speaker 20 (01:12:00):
That's I mean below what they used to get a
fourteen Still not bad all kind of I thought, I
still just finding their way. Good one for Wellington. The
derby in a couple of weeks should be good. There's
a very brief synopsis for you.

Speaker 2 (01:12:10):
Okay, would you have run? Would you have run them
over Andrew? Or would you have breaked really hard? If
you are Liam?

Speaker 21 (01:12:17):
Ah?

Speaker 2 (01:12:19):
What were they doing on the there? Idiots? They didn't
realize how far behind the field he was, and he
thought they could scoot across. But I wouldn't go on
an f one track. No matter what, I don't care
where on the race it is. I'm not stepping on
an F one track.

Speaker 10 (01:12:32):
No was it fault?

Speaker 2 (01:12:35):
Of course it was. It's always his fault. He's a
hot head and he's not a good driver. From the
back of the field is his problem, and I think
there's a bit of a thing between him and laws.

Speaker 7 (01:12:45):
He did out left, of course, it was an odd
veer that he left and then smacked into it.

Speaker 2 (01:12:52):
As for as for the yellow flags and ruining the race,
I mean for staffin was Verstappan had Leclaire, There's no
question about that, and they just wrecked it. You're on
tonight sev off today not surprising, well because you've.

Speaker 7 (01:13:06):
Had don't start, don't start swearing at me.

Speaker 2 (01:13:10):
Nice to see you, guys. Andrew Savill and Jason Pine
at say twenty two.

Speaker 1 (01:13:15):
The Hosking Breakfast with Bailey's real Estate News Talks.

Speaker 2 (01:13:19):
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You've got that. Spark Business is the company year after
Paskig Mike, you can claim tax on your capital loss.
Of course you coun't. This has got a lot of
explaining that there will be a day full of does

(01:14:22):
it mean this, Yes, it will, No, it won't. And
then of course you get to the part whether or
not funny enough that one of the headlines is it's
the conversation our newsroom is claiming it's the conversation we
needed to have. The problem with that is, of course
it's the conversation we've already had, and we had it
in twenty eleven, and then we had it again in
twenty fourteen, and then we had it again in twenty seventeen,

(01:14:42):
and each and every time the CGT concept has blown
up in Labour's face under Golf, under Kunliff, under a Durn.
Now you would have you could have argued, thought that
Hipkins having a look at that might have gone, tell
you what, maybe we'll just leave that one for now,
because I've got big enough issues to deal with, not
least of which is the fact that I was there
last time, and that's going to be an issue when

(01:15:04):
it comes up in the election campaign. But oh know,
so let's have the same conversation yet again and see
where it goes. News is next, and then we will
head to the UK and Rodin.

Speaker 1 (01:15:16):
Opinion edit Informed, unapologetic, the Mike Hosking Breakfast with the
Defender embraced the impossible news.

Speaker 2 (01:15:24):
Mike my son has knocked off school already for exam,
So what are all the teachers up to?

Speaker 17 (01:15:28):
Now?

Speaker 2 (01:15:28):
He's what i'd call sixth form. We were having that
stew Funnily enough that discussion to our house over the weekend.
University for US has ended already, which is not unusual
because university is different to high school. But I was thinking, but, oh, no,
school doesn't end. Kaddy was saying it's gone. Not all schools,
but some schools school has done. I said, surely it's
mid November, and no it's not. So it's a weird

(01:15:50):
old system. Honestly, Mike, where is the deep thinking, creative
and bold ideas for New Zealand from Labor ceter rhetorical questions?
Sam goodness me a reheated CGT is a lazy man's
policy to this, Well, that's what they're about. They're about
grabbing anyone who they perceive to be remotely successful. They're
about taking money from That's how it works, Mote. I

(01:16:12):
wonder if there's going to be a valuation day to
set asset values or a gigantic cash grab when a
batchbought in nineteen fifty six kits so well, according to
the Labor Party this morning we talked to the head
office and they said there will be their words, not mine.
Valuation day on the first of July, which means you've
got to go out and get your house valued. Otherwise

(01:16:33):
you use your CVRV, which of course is a guess.
It's run by an algorithm. It's not remotely related to
the real world. And if they're somehow relying on that
being the ground zero, then they've got a world of
pain ahead because people aren't going to put up with it.
Twenty two to seven.

Speaker 15 (01:16:48):
An international correspondence with ends and eye insurance Feace of
mind for New Zealand business.

Speaker 2 (01:16:53):
Right do you hope to the UK? We go rod
morning to you.

Speaker 9 (01:16:57):
Couple you make now?

Speaker 2 (01:16:58):
I was watching the conference with Faraje and Kobe and
explain who Siah poaching is, what she said and whether
she should be six.

Speaker 9 (01:17:10):
Yeah, well she's one of the newer reformed UK MPs
and she said during a television interview that she was
sick of turning on the television and seeing loads of
vaccinations all over the place. It's a bit it's as
Nigel Farage later said, it is an ugly worded thing

(01:17:33):
to say, so Keirs Darmus said it is shockingly racist,
and various other Labor Party politicians have said she should
be suspended or kicked out the party, do we condemn it?
And so on. It's interesting to know how this plays
because there has been a great deal of talk in
this country, not on television, not on the radio, about

(01:17:57):
the proportion of black and Asian people who are inverts.
Particularly so if you were to come here and look
at one of our adverts, you would think you were
living in I don't know, South Africa, perhaps in that
they're largely black and Asian. And this is all in
an effort to it's DEI isn't it's diversity, equity and inclusion.

(01:18:21):
So I have this vague idea that this might not
play badly for Reform, even though Labor is really goolling
for them, because obviously the way she put it it
sounded awful. It sounded as if she was sick of
seeing black and dation people, which is just very, very rude.

(01:18:42):
There is a debate to be had over over representation,
both in television programs and in adverts, but that's possibly
not perhaps the way to put it.

Speaker 2 (01:18:54):
Interesting, while while we're on reform, I'm no one else
will be interested in you, but I've got I got first.
Plagomery won a by election in Wales over the weekend
and they beat Labor and Labor held the seat for River.
What I wanted to know was, given the polling around reform,
was the individual seat itself nearver potentially a reform seat

(01:19:18):
or did reform not perform as well as some might
have liked. Therefore, the poles aren't quite as bullish as
we think they might be.

Speaker 9 (01:19:27):
If you go back a week, just over a week,
every single newspaper said reform was going to take this seat.
I was the only one who said, no, Clyde will
with it. This is because Reform were well in the
lead at the time. But I looked at the Labor
vote and saw that it was still twenty percent, you know,

(01:19:48):
around about twenty percent. In other words, a lot of
people who could migrate from Labor to clydecomery and that
that would win the seat. And that's what's happened. Basically,
that was a that was an action between reform versus
people who hate reform. So everybody else voted for flight Company,

(01:20:11):
the Greens did, the Ribs did, the Labor Party did,
and so indeed, well half the Labor Party did, the
other half went to reform. Reform did perfectly well, Capilli
is a South Wales mining seat, it should have a
chance there. This will give encouragement to the left over

(01:20:32):
here that reform can be defeated by tactical voting.

Speaker 2 (01:20:37):
Right, and so that answers my question nicely. So that
would mean going forward into other by elections and more
importantly the big vote coming in Britain in a couple
of years time, that if they coordinate against reform, reform
actually have quite a bit of trouble and the polls
may not be as bullish as we seem to think
they are.

Speaker 9 (01:20:53):
I think that's exactly the case. The only caveat to
that is that it's quite easy to do that in
a by election where you could have identified who is
going to win in a general election far far more difficult.

Speaker 2 (01:21:06):
Okay, the grooming gangs, so we had a little clip
from at least four of them got banged up, three
men and one woman. I think it was in Dundee
account Remember, but I mean that this inquiry just seems
to Yeah, it seems to be a complete shambles.

Speaker 9 (01:21:22):
And absolute shambles, and it's a shambles because Labor never
really wanted it to work. It sounds ridiculous, but they didn't.
They were against having an inquiry because they thought he
would annoy the Muslim constituents who make up, you know,
a fair proportion of quite a large number of Labor

(01:21:44):
Party seats somewhere in the original searching for forty seats
are dependent upon the Muslim vote, and this would have
been directed at the Muslims, because of course it was
Muslim grooming gangs who did who did all these evil deeds.
So he tried to water it down, with the result
that four of the survivors of this horrible abuse have

(01:22:08):
refused to take part anymore unless Chess Phillips, the Safeguardian Minister,
is sacked from overseeing it. And indeed the person they
wanted to chair the whole thing has decided he wants
nothing more to do that as well.

Speaker 2 (01:22:22):
Since I last talked to you, Rod, Lucy Powell's won
the job. She's the deputy leader of the Labor Party.
Is that going to be a nightmath or starmer?

Speaker 9 (01:22:31):
I think a mildly annoying dream rather than a nightmare.
She's not hard left, she's you know, kinnechie soft left.
She will be a bit of a thought in his side.
But he can ignore her. You know, she's not deputy
prime minister. All she is is deputy leader of the

(01:22:51):
Labor Party. There's no suggestion she's going to be given
any greater prize than that. So it's a rallying point
for the far left of the left. But I don't
think it's as damaging as some people are saying it is.

Speaker 2 (01:23:07):
Yeah, good Blake, we'll see Thursday appreciated. Has always rotted
than out of Britain. I note that Rachel Reever was
on the television over the weekend. She has confirmed now
we suspected as much so the budget's coming November twenty sixth,
less than a month away. She's confirmed she's looking at
tax rises. Broken promise the wealthiest will have to contribute
more working people were going to keep the taxes as

(01:23:30):
low as possible. The only other thing, well not the
only other thing, but the other major thing that happened
that part of the world over the weekend was the
woman Connelly, who appears to be about as left wing
as you can possibly get. She has been left wing
independent sort of didn't come to anything because the opponent
gave up instead I quit, And so Catherine Connolly is

(01:23:51):
your new President of Ireland eight forty five The.

Speaker 1 (01:23:54):
High Asking Breakfast Full Show podcast on iHeartRadio, Howard By
News Talks AB.

Speaker 2 (01:24:01):
Mike. Labour CGT is ac curwardly policy that continues Labour
attack on the providers of private rental accommodation AE, typically
owners of multiple properties. A policy designed to appease the
party faithful opposed to the private enterprise, while causing the
least possible antagonism to those who may find or be
of a mind to vote Labour. Thank you, Colin Mike.
There'll be bugger all tax take from the CGT for
many years to come, free doctors visits from July twenty seven,

(01:24:23):
there's going to be billions and dollars in shortfall. Where's
the money coming from? Very very good question, because in
the sort of mental gymnastics of the CGT, we've forgotten
what it pays for. Is it directly linked? In other words,
they say it is, But is it like the road
user taxes? So in other words, when you go pay
your tax at the pump that goes directly on roads.
And the question it's one hundred percent correct. So if
day one day zero ground zero is July of twenty seven,

(01:24:47):
and you go out on National Valuation Day and get
your place valued, and you would then need to one
sell it and then to sell it for more than
it was valued on the first of July, and therefore
that would be taxed. So you're talking at the minimum.
I would have thought six months, if not more towards
a year. So in other words, in the first year

(01:25:08):
they're getting nothing because no one. No one's selling their
house for much more because the property market is not
going up exponentially the way it used to, so there'll
be minimal amounts of money. But three visits per person
per year is if it's not billions, it's hundreds of
millions of dollars, and they've got to fund that in
the ensuing period of time. It's a very good point.
I reiterate the question I asked earlier on I don't

(01:25:29):
go to the doctor three times a year. Well I
did this year because it turned sixty and my wife
got on to me. But apart from that, I don't
go to the doctor three times a year. So first
of all, I don't need the government paying for me
to go to the doctor. I can look after myself,
thank you very much. Second of all, for the time
that I don't go, I might go once a year.
For those two times, they're still being funded for visits
that aren't fulfilled. Could you save the map and use

(01:25:51):
them next year?

Speaker 7 (01:25:52):
Go five times?

Speaker 2 (01:25:53):
Because that would be useful, Glenn, And they're not about
being useful, Mike. Why don't National and Labor agree on
retirement age and CGT and future proofing? Brilliant idea. Why
don't we just form a grand coalition where National and
Labor get on famously and they run the country in
a cohesive fashion for happiness ever after. The answer to

(01:26:14):
your question, my friend, is because they don't agree nine
to nine.

Speaker 1 (01:26:19):
So my costing breakfast with a Veta Retirement Communities News
togs Head been.

Speaker 2 (01:26:23):
Now on the seventh of November, which is not long away. Now,
Resonate Health celebrates three years of changing hearing care in
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(01:26:47):
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(01:27:09):
seven sixty sixty two. Or you can get all the details.
I was looking at it this morning. It's good website.
It's got all the detail and the you need. Resonate
Health one word resonatehealth dot co dot in Z. Asking
I own a commercial property, MIKEH. At the moment, I
pay thirty three cents or thirty nine depending on the
personal or trust rate on any profit gain from the
sale our labor, suggesting that they'll tax me twenty eight

(01:27:30):
percent on the capital gain, then another thirty nine percent
on the profit which is the same as the capital gain.
So I'd be paying sixty seven percent tax on a
capital gain. Doesn't seem fair? Well, tax tax by its
very nature, my friend, is not fair, but that's how
they play it. If you look at if you're on
the top tax rate in this country, it's thirty nine
cents in the dollar, and you add GST to that
year at fifty four cents in the dollar, then you

(01:27:53):
can add some what a bit of asc some of
that tax that you pay at the bowser for your petrol.
You'd be running at pretty those to sixty cents in
the dollar. And they say that we're not a highly
taxed country. Five minutes away from nine.

Speaker 1 (01:28:06):
Trending now with chemist war House, great savings every day.

Speaker 2 (01:28:11):
Now see what you make of this? Zad comes from
the Open Polytech, you know, the Open Polytech. This is
one of their main ads. Then they put this up
on YouTube. So they've got a guy called Liam. Liam
talks about what's so great about the open Politech.

Speaker 21 (01:28:27):
And slam TONA. I'm qualifying for the Bachelor of Information Technology.

Speaker 2 (01:28:34):
What's been the biggest change since completing your study?

Speaker 21 (01:28:37):
Career they actually enjoy will probably be the biggest change.

Speaker 2 (01:28:41):
What did you choose to study with Open Polytech? Liam?

Speaker 21 (01:28:44):
I got recommended to study here and I was really
nice being able to be flex the balls. I was
able to keep working full time and study as well.

Speaker 2 (01:28:53):
How do you feel about graduating, Liam?

Speaker 21 (01:28:57):
I am very proud of myself. Spend a long journey. Bah, yeah,
I'm happy that I finished it.

Speaker 2 (01:29:03):
What's your advice to someone thinking about studying?

Speaker 3 (01:29:06):
There?

Speaker 2 (01:29:06):
Liam?

Speaker 5 (01:29:07):
There, go for it.

Speaker 21 (01:29:08):
There's no time like noun to stuff.

Speaker 2 (01:29:11):
Just to be really clear, my voice isn't in the ad.
I just put that in because I'd hate you to
think I'm in any way associated with Liam or indeed
the Open Polytics.

Speaker 7 (01:29:22):
I feel like it editors and something to it.

Speaker 2 (01:29:26):
It didn't it had it slightly comedic as anyway, that's
not bad for a long weekend. Didn't sleep well last night,
you know. I just like after the long weekend, you
had a little bit of extra sleep and you're feeling
pretty good about life, and then you lie down and
you think, oh dear, I'm not going to sleep. I'm
not going to sleep. I'm not going to sleep. So anyway,
I thought, well this could be interesting, and only told

(01:29:47):
the time. I think on my summation, I only told
the time wrong once. I think it was only once.
It's not bad, it's not bad, but so Anyway, that's
just a warm up for the rest of the week,
which is doubtedly going to go downhill from here. Back
tomorrow morning from six as always Happy Days.

Speaker 1 (01:30:06):
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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