Full Show Podcast: 29 August 2025

Episode Transcript
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Speaker 1 (00:00):
Your source of freaking news, challenging opinion and honors facts,
The Mike hosting Breakfast with Vida, Retirement Communities, Life Your Way,
News Togs.

Speaker 2 (00:10):
Edbury and Welcome today the new Booze Rules. We are
borrowing very big bucks on Sheep, loans for Solar and
evs greg Fororan on running an airline not a crap
economy with no planes. The Week the Timcadia Corps for
Richard Arnold Murray Old's good to business as well Scaling
Good for Friday seven past six. I tell you what
I get a sense this week. And it's not because
it's about to be spring, although that will undoubtedly help.

(00:31):
But I got a sense this week that the tide
on the New Zealand story is turning. The ongoing stats
like the size of the infrastructure pipeline, more money this year,
more money and projects for years to come are the
new visas and the visas that are working better than
we thought. Those gold visas, money, jobs and culture are
on their way. But the gold medal goes to the
dawning realization that we are about to outgrow, outperform Australia,

(00:53):
and not just next year, for a number of years.
The stats have been there. I mean the Reserve Bank
governor in Australia reduced her GDP forecast the other day
and that number is below ours, which is about two
and a halfish percent, maybe more. But put it together
as Westpac did, called it a report, lay it out
for all to see, and pennies start dropping. And why
it's so important is a lot of our plight is
as much mental as it is physical. Australia has a

(01:15):
myriad of real issues, believe me, from housing to debt
to transport to race. We do too, but they've never
sunk like us. Part of what is and has held
us back is too many have decided that we're stuffed,
so they left, but left for what? What is the
psychology of moving countries? Pay or pay? You say, well, yes,
can be, but not always, And I'll tell you this

(01:36):
for nothing. The pay gap does not bridge the house gap.
But do those leaving realize that, or they don't care,
or they don't even know. Obviously, what bogged it down
this year was the survived to twenty five thing starter
well in January never took off, so we were what
sold a lemon of false dawn. What this report this
week does though, and as not alone. There's plenty of
material out there if you hunt for it. But what

(01:56):
the report does is quantify our reality. Between the law changes,
the visas, the farmers, the currency, all the fixes and reforms.
It adds up to an irrefutable picture of change that
is about to pay dividends. The pieces seem to be
fitting together, but the prize is they paint a better
picture than our nearest neighbor, our greatest friends, our biggest opponent.

(02:16):
We're not just beating anyone. We are beating Australia. And
when that comes to pass, watch the mood. Then what
news of the world. In ninety seconds, the wall's taking
a turn, while Gede lines up Kim and bled for
a meeting as something Trump clearly can't do. Of course,
the Russians have gone at Key, have killed nineteen. This
bloke lost his wife and son.

Speaker 3 (02:38):
We went down to the basement shelter with the children.
They survived. My daughter, my youngest son and I are
still here. But the two of them, they didn't come down.
They didn't come down. Then the strike hit and they
were all gone.

Speaker 2 (02:51):
Outraged in the EU, given their facilities got hit.

Speaker 4 (02:55):
I'm outraged by the attack on chief also hitting our
EU officers. This was the deadliest drone and missile attack
on the capital since July.

Speaker 2 (03:07):
Brits are trying to work out whether it was deliberate
or not.

Speaker 5 (03:09):
We don't actually have the details yet to say whether
this was a targeted attack or not, and whether that
was just the coincidence. I think you know, we have
operated in Ukraine over the last thirty years and we
will continue.

Speaker 2 (03:22):
To operate there as far as Minneapolis goes. Details around
the killer he allegedly regretted being trained, had a lot
of height going on.

Speaker 6 (03:29):
What we have found so far, unfortunately, is what has
been all too common in this country. This is an
individual that harbored a whole lot of hate towards many
people and many groups of people.

Speaker 2 (03:42):
A couple of things in the UK when Trump is
having dinner with the King, as he will be next month,
so red of the libdim's will not be there.

Speaker 7 (03:47):
The reality is Donald Trump is the one person who
could stop the horrible famine in Guardza City, could get
the hostages released, could bring an end to this whole
horrendous humanitarian crisis.

Speaker 2 (04:02):
And they're still partying hard in Grimsby Town after they've
bundled their manu out of the Carabell Cup.

Speaker 8 (04:07):
The crowd definitely played that part.

Speaker 9 (04:09):
I thought it was.

Speaker 2 (04:09):
Magnificent and that's what it takes. That's what it takes
to be a club.

Speaker 10 (04:13):
The size and statue of manchesterinitid and we.

Speaker 2 (04:18):
Do it together. Tell you what if you haven't seen it,
even if you're not a football fan, the penalty shootout
is I mean, it's unbelievable anyway, News the World and
David Avid lyathes in ninety seconds, US Economy come on in.
So this is a very good day for Trump. This
is April through June. This is a revision of Q
two three point three. Is that good? Damn right? It
is because initially they thought it was three and that

(04:38):
was good then, so they revised it up. Eleven past six.

Speaker 1 (04:43):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talk.

Speaker 2 (04:49):
Cippy Central Banking Korea two and a half percent cash right,
second month in a row. No changes there if you're interested.
Fourteen past six Friday from j My Wealth Andrew Kellahgur morning,
very good morning, mind. Oh I see some life here,
not huge amounts, but just a little bit.

Speaker 11 (05:07):
So we'll take that, shall we Yeah, we got some
local local data yesterday, so we can add some sort
of broader macro color to the company reporting we've been
immersed in all week. So after hearing how local business
has been getting on, what about the broader business community. Unfortunately,
our good friends at A and Z survey that community
every month, which is the AID Business Outlook, at least yesterday.

(05:30):
Now over this is for August. Now, over the course
of August, you did get that RBNZ announcement on the OCR,
So you've got a lower end point for the OCR.
So you've got a factor that into the responses and
the survey. So did the responses change after that? And
there's some limited evidence of that. At the headline, business
confidence lifted two points to forty nine point seven, So

(05:51):
in the grand tradition of the hosting show, we'll round
that up to fifty. It means fifty percent of respondents
expecting better business conditions. Confidence has come back. That confidence
has come back a little from recent highs, but it's
still historically at pretty robust levels. There's no problem with
where business thinks we're going. The issue has been aligning

(06:12):
that with current activity. Now expected own activity fell two
points to thirty nine, so nothing significantly changed there. It
is mixed across sectors and interesting the agrisector just coming
off the boil a little bit now. The indicator has
the best correlation to GDP past own activity. So what's
actually happened with respondents owned business? That fell five points

(06:33):
to plus one, So it's well, well well below where
expectations are now. Past employment are up one minus twelve
actually in total, in other words, still indicating a very
soggy labor market. And in that sort of own past activity,
retail construction, manufacturing still problematic sectors. There good news for

(06:54):
the RB and Z and the inflation indicators fell, so
inflation indicators are well anchored, that's what they want. Residential
construction was one of the places where the confidence picked
up good in the late month numbers, you know, after
the rbien Z cut. Look my takeaway on this, nothing
in this survey suggests the arbian zed shouldn't have signaled

(07:15):
the lower official cash rate target. I don't think you know,
fifty basis points in interest rates. It's not material really
compared to the big move we've seen, but we needed
that confidence fire starter exactly, and this survey I think
supports that. Look, it's still painfully evident there's major differences
between sectors, but we know.

Speaker 2 (07:34):
That already as well.

Speaker 11 (07:35):
What about jobs, Yeah, so this is that soggy employment
market yesday statues on the released monthly employment indicators. This
is filled jobs for July, so across all industries at
rows zero point two percent and out of interest, there
are in our two point three five million filled jobs
in New Zealand. If you want the actual number, the
increase in July five, five hundred and three. Look, Mike,

(07:55):
we're still looking for a trend in this data series,
like we know we got we know from that res
big quarterly data dump, you know, the household Labor for
survey that once you looked under the hood, the data
was pretty weak. Now, filled job starter tends to print
to be released, and then it gets revised a little lower.
That's the kind of what we've seen recently. So zero
point two may be expected to get revised at zero

(08:17):
point one. Now, the glass half full interpretation here is
to say that the filled job's data is stabilizing, because
if you look at the annual change, we're actually zero
point eight percent lower than we were a year ago.
So in that context, stable is an improvement. June was
revised low to zero point one percent. The July gains

(08:38):
came from those areas. This is interesting, actually from areas
influenced heavily by the public sector. Private sector revealed guess
what weakness and construction. But also for the glass half
full people out there, we've had two consecutive months of
gains in the data series and we haven't seen that
for almost two years. So look, it's Look, it's not

(08:59):
a tree and yet.

Speaker 2 (09:01):
But it's a good sign. Okay, work me through in
Vidio given their China problems, do we look through that
or what do we make of all of them?

Speaker 11 (09:07):
Market seems to be looking through it. So you know,
this is this after we spoke, you say, the result
came out. You know, the world's biggest company by market
capitalization four point three six trillion dollars. It's all about
data centers. Mike forty one point one billion dollars for
the revenue from data cents, marginally below expectations, which were
at forty one point three, but at the top line
revenue forty six point seven versus forty six point two.

(09:31):
So at the top line beat the expectations.

Speaker 12 (09:33):
The one little issue.

Speaker 11 (09:35):
Here was that the market's got a bit frothy on it.
So they're expecting that revenue for the next quarter was
going to be fifty six billion, came in at fifty
four so for But actually, if you look at the
market overnight, they've looked through it and they've got over it.
It's still going gangbusters and the AI theme is still
very much evident. Numbers please, So in that light of that,
in light of that GDP number, the Dow Jones is

(09:55):
flat forty five, five hundred and sixty four, the S
and P five hundred, though in positive terrator app quarter
of percent sixty four nine seven, and the Nasdaq post
the n video result is up point five six percent
as we look at it, that's one hundred and twenty
one points twenty one thousand, seven hundred and eleven Overnight,
the forty one hundred lost point four percent nine two

(10:16):
one six, the NIKA was up three quarters of percent
four to eight to nine the close there, and the
Shanghai composite been quite volatile this week, up another one percent.
That's forty three points three out four three. The Aussi's
yesterday gained point two two percent eight nine seven nine
the close and the en six fifty forty one points
point three two twelve thy nine hundred and three currency's

(10:36):
Kiwi dollar getting a little bit stronger. That's a week
of US coming into play point five eight eight eight
against the US point nine oh one zero against the
ossie point five ozho three seven euro point four to
three five five pounds eighty six point four four Japanese
end gold got up three thousand, four hundred and eighteen
dollars break rude sixty seven dollars and ninety cents.

Speaker 2 (10:57):
Have a most excellent we can We'll see next week.
Andrew kellerher GM wealth dot co dot m Z tasking
Palmu farms, which were once upon a time called landcorps.
So we've all got an interest in this. Then profit
after Texas one hundred and twenty million dollars. Is that good?
Yes it is. There's a fifteen million dollar dibitend coming back.
Massive turnaround. They lost twenty six million, so twenty six
minus to plus one twenty is pretty good. It's all

(11:17):
on the farm. Of course, if you're not doing well
as a farmer at the moment, you're not doing anything.
Two million kilos of extra product on farm twenty percent
uplifting productivity, targeting to increase milk and red meat production.
Good on them. They anticipated good results in coming years
as well live stock. They carrying additional livestock that sets
them up well for another strong year. Yes, please more
Where that came from? Six twenty one. You're a news

(11:38):
talk zbo.

Speaker 1 (11:42):
The Vike Hosking Breakfast Full Show podcast on iHeartRadio powered
by NEWSTALKSB Mike.

Speaker 2 (11:49):
Why did the government need to own and run farms?
It's not a bad question, Mike.

Speaker 10 (11:53):
Mike.

Speaker 2 (11:53):
Good to hear you finally being positive about our plight,
as it feels you've been delivering a lot of negative
for a while. While that might be not physically true,
optics is everything. You are by nature an optimistic person,
but it's felt like a drag at times. Hold the
government to account, but never forget your field of influence
on a glass half full person, Keep me motivated. Very
good for an excellent text. That's one of you should
text that because I've got a bollocksing bollocks from my

(12:14):
wife yesterday came home from a meeting. I walk a
very fine line between influence and reality. And I am
an optimistic person, and I do want better for this country,
and I'm desperate for better for this country. But you
can't ignore the reality. And so yesterday, for example, I'm
talking to Greg the hairdresser, and I'll tell you about
him later because he's got a good idea. But my

(12:35):
wife comes home from a meeting and she's full of
the joys of life because the person she was meeting
is just going gangbusters. So they're a business in New
Zealand and in Australia. They cannot keep up with demand.
They've got a model, the model works. They just cannot
believe what's and they're trying to keep that a little
bit hidden based on the fact that they don't want
to go around and going, hey, look at us, how

(12:56):
cool are we? We're fantastic, because of course that's not
the right, but is it? So do you keep hide
your light under a bushel or do you go out
and scream it? So it's an interesting it's an interesting
time in this country. Between what we see. You can't
hide it. I mean, look at the New Zealand. We'll
talk to Greg four and later, but look at the prospects.
So you walk that fine line, but more on that.
It's a very good text and I appreciate its six
twenty five trending.

Speaker 1 (13:18):
Now with warm Squarehouse, you're one start for Father's Day fragrances.

Speaker 2 (13:22):
Now in a stone's back. It's called Begonia. It's a
sci fi satire. A couple of nut jobs who kidnap
her because they think she's an alien.

Speaker 12 (13:30):
Welcome to the headquarters of your human Resistance.

Speaker 13 (13:34):
Where's my hair?

Speaker 2 (13:36):
Your hair has been destroyed to prevent you from contacting
your ship?

Speaker 8 (13:41):
What ship?

Speaker 2 (13:43):
Your mother ship?

Speaker 14 (13:46):
Okay?

Speaker 15 (13:50):
In my next forty eight hours, the police in the
FBI will begin to see white man hunt. I'm a
high profile female corporate executive. I am crucial ill humility.

Speaker 2 (14:00):
I can see that she Emma is alongside Jesse Plemons.
They did kinds of Kindness and as Luckwood have it,
Like Peguonia, it was directed by a guy called your
goss Lanthemus, so they're all back together again anyway. Emma's
currently the Venus Film Festival.

Speaker 15 (14:16):
The idea that we are alone in this vast expanse
of the universe, truly, not that we're being watched, but
that we're alone out here is a pretty narcissistic thing
to think. So yes, I'm coming out with it.

Speaker 16 (14:27):
I believe in aliens, thank you.

Speaker 2 (14:30):
Yeah, it's hard to tell whether she was being a
bit serious there. George was supposed to be there with
the missus and he's gone home for health reasons, which
is interesting. He looks well, he looks very good for
sixty four. I was thinking to myself, George being clooney.
If you're not following it, now go back to my things.
So here I sit here with some influence. Fantastic, but
I sit here with the reality. The next interview is
about resurfacing transmission gully transmission gully is three and a

(14:53):
half years old, and you go, fantastic, there's infrastructure, infrastructure pipeline,
good news for New Zealand. Oh hold on, we need
to rea surface at three and a half years and
what the hell's going on? That's because we don't build
things properly in this country. So what am I supposed
to do?

Speaker 14 (15:05):
On the bright side, it's pretty funny.

Speaker 2 (15:08):
Nick Leggett After the news, which is next here at ZB.

Speaker 1 (15:13):
The news and the news makers, the Mic Hosking breakfast
with Range Rover leading by example, news Togs, Dead b.

Speaker 2 (15:21):
But it looks like bad as well and lad as
well and truly been played by Trump seems trumping. It's
not as big, bad gun slinger that he thought he was.
Of course, the reason for now information mic around All's
resignation was All's vanity if you hadn't followed that story
more shortly, because it's funny. Twenty three to seven, how
about transmission galier in a country that finally seems to
be getting its infrastructure pipeline up and running, we might

(15:41):
have to sit aside a little bit of bitumen to
go and fix the stuff we didn't build properly in
the first place. We got a six month twenty K
resurfacing project having worn the thing out in three and
a half years. The blame you're ready climate in the weather.
Nick Leggart is the Infrastruction New Zealand chief executive and
is back with us Nick Morning Hike. A lot of
texts saying it's a peep VP in the contract will
play correct.

Speaker 13 (16:03):
Well, we don't know that the contract was restructured last year,
and in an ideal world that would be the case.
But you know this was a project. You know you
will remember it. As everybody listening will. It was beset
with problems right from the beginning. I think it was underpriced.
And then we had COVID and you will remember those

(16:23):
endless delays. You know, skilled people left the country, they
didn't come back. In some cases, supply chain problems. Getting
aggregate to the site was really difficult.

Speaker 1 (16:32):
YadA, YadA.

Speaker 13 (16:34):
It's it's we do need a full and a clear
sighted review, I think because road users are going to
be really inconvenienced here across two summers, and we want
to know that when we build this sort of stuff
in the future, irrespective of whether it's a PPP or not.
PPPs are good, by the way, but we've got to
get the model right and we've got to give the

(16:54):
public confidence. I think that the stuff can be done properly.

Speaker 2 (16:57):
A couple of things out of that one, as it
goes back to the COVID rules at the time and
the previous government. Of course, there is no reason why
they couldn't have kept building roads during COVID, is there.
I mean, they're in fresh year, for.

Speaker 13 (17:07):
God's sake, that's I think that's absolutely right. They did
suffer from you know, when the first lockdown happened, people
who were international skills that were working on the job
left the country. I think in some cases they didn't
come back. That was definitely a problem. But as you say,
the stop work just cause delays, and you wonder when

(17:30):
there's a delay, and then there's a whole lot of
public pressure to get something open, you know. I mean
the road was opened without consents all being satisfied. So
it's it's a bit of a it was a bit
of a dog's breakfast. But now we're you know, we're
having to clean up.

Speaker 2 (17:44):
So that's the second part. So there's two parts to it.
Is this a one off like this got cocked up
of the previous government. Therefore we can, you know, let's
put it right and move on. Or do we have
ongoing inability to build and secure proper projects in this
country that we're going to have to patch up for
the rest of our life.

Speaker 13 (18:00):
Well yeah, I think I think there's a yes to
the first question. The second question is we've just got
to do better where it came. I mean, we're not
that experience that building something projects might you know, because
things get switched on and switched off. So I think
that people would expect if we're going to build whether
it's a new road or a new connection under Auckland,

(18:23):
or a light rail or whatever it might be. That
we've got the ability to get it right. And part
of that's just about building muscle and not having that
pipeline as you mentioned at the start, So when a
big project's down, all the skills and the experience from
that get transferred to the next big project. We don't
stop and start.

Speaker 2 (18:41):
Are we on the track? I mean, I'm trying to
be positive and trying to turn this country around the side. Now.
So the money, the pipeline, have we started to look
like we're getting this right.

Speaker 13 (18:55):
Well, look, there is a there is a good pipeline.
You've seen that sixllion dollars of committed money that the
government want to get into the market before the end
of this year on things like the Autucky to Live
in and other projects around the country. So that we've
got to get that money into the market. The market
has then got to build and deliver and we've got

(19:17):
to keep that going. What we can't afford is this
is what happens. We've politicized this stuff too much, so
when a new government comes in, they slow, or they stop,
or they cancel we've got to have a continuous pipeline,
that is that's got more nonpartisan or biparties an agreement,
and that way we will keep the market working as

(19:38):
it should and we'll give the confidence to the public
that infrastructure just keeps going irrespective of what's happening politically
or in the economy.

Speaker 2 (19:45):
Exactly well said, you have a good weekend. Appreciate it
very much, nick Legate, Infrastructure, New Zealand, Cubic Seeds. Sam said,
I didn't finish the story off. The story was when
Codie came home from the meeting, she is You've got
to be You've got to do more to turn this
country around. You've got to use your voice of influence
to be more positive. Was the uptake. And now I'm
afraid to go home after nine o'clock unless I bucked

(20:05):
my ideas up nineteen to seven The.

Speaker 1 (20:08):
Mike Hosking Breakfast Full Show podcast on iHeartRadio powered by News.

Speaker 2 (20:13):
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(20:33):
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(21:15):
show I see the TV one's new political pile on
against Erika Stanford has begun transparent pricks. Shall I tell
the story Sam is quaking in his boots? I've got
I have a story about that, and I'm not allowed
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Speaker 8 (21:30):
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Speaker 2 (21:37):
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Speaker 13 (21:39):
Good you like so?

Speaker 2 (21:40):
Let me gives a lot of grief, a lot of hugs,
a lot of tears, and yet another debate about gunbules.

Speaker 17 (21:44):
Familiar story. A President Trump has ordered that flags around
his country flat half mass because of the deadly shooting
attack on children praying at a Catholic school in Minneapolis.

Speaker 2 (21:53):
That's it.

Speaker 17 (21:55):
Two children, one age eight and the other ten were
killed when the young shooter opened fire through staining house
windows during mass at the school. Eighteen other people have
been wounded, of whom one is critical at the minute.
Two others remain in serious condition. A ten year old
named Weston, who was in this place, has told of
another child saving his life by covering him.

Speaker 8 (22:16):
My friend are hit in the back, who's like right
beside me? I was like two seats away from the
stein glass windows. I think I got a gunpowder on
my neck.

Speaker 17 (22:25):
This is a ten year old. This is what he
is living with. He says, he thinks his friend is okay.
That remains unclear. The person who is critical as touch
and go, and while doctors want to confirm it, this
could be the one who saved this boy's life. How
does a ten year old live with this? How do
all the children who just went through this terror live
with this? We're hearing a lot of folks offering thoughts

(22:46):
and prayers, which has become kind of cliche in these
off repeated situations. The local mayor, Jacob Frye is saying
of this response.

Speaker 18 (22:57):
Don't just say this is about thoughts and prayers right now.

Speaker 14 (23:00):
His kids were literally praying.

Speaker 17 (23:02):
Prayers are righteous, he says, But do something is his message,
says Carla Maldonado, whose child survived this.

Speaker 19 (23:09):
My mind is going everywhere like this is not the
first time. I'm not the first parents to express these concerns.
I'm not the first mom to say how many more
kids have to get killed? And so it's a little
bit like this is feeling like a broken record and
it's not okay.

Speaker 17 (23:27):
You wouldn't know it from the deafening silence from many
politicians a broken record, She says, I just pulled up
a list of mass shootings at churches and other places
of worship here over the past decade. It is a
type page full of them, including the mass shooting at
the Message Church in Charleston ten years back by a
twenty one year old white supremacist where he murdered nine
worshipers and a preacher after praying with them for about

(23:48):
an hour. Do you think of other situations Sandy Hook,
which Obama called the worst moment of his presidency, where
twenty six people were shot dead at an elementary school,
including twenty children, many ages six and seven. Is that
young enough? David Hogg survived the mass shooting at Parkland
in Florida, where a shooter killed seventeen students and staff

(24:08):
seven years ago. He now has become an activist on
the gun subject and says to the president, now.

Speaker 18 (24:14):
My message to Donald Trump is that you are a coward, sir.
You are not going to do anything about this issue
because you were terrified of the na even though you
have the power to save tens of thousands of lives.
You were the strongest president in modern American history with
a chokehold over your party and both chambers of Congress.
You have the power to end this, but you are
not going to because you're a damn coward.

Speaker 17 (24:35):
Media coverage of these tragedies is often similar. As you've indicated,
it could have been worse. The shooter who took his
own life had tried to get into the chapel days earlier.
We now find the shooter was trans and traveled a monster,
says the White House that they're briefing today. U Yet
he was able to buy several weapons legally in recent days.
How do you buy several weapons or within days without
raising any concerns?

Speaker 16 (24:55):
You know?

Speaker 17 (24:56):
The shooter left violent social media posts, as so many do, unheeded.
The Murdoch New York Post is emphasizing the trans aspect,
which flows into their politics. Let me close with this.
A new survey shows that in the past year here
there were at least ninety one shootings on score grounds.
That is almost twice a week. That's what children here
are living with. The leading cause of death for children

(25:17):
and teenagers in this country is not illness, it's not accidents,
it is gun violence.

Speaker 2 (25:23):
See you Monday Man. Richard Arnold stateside a couple of
other quick things. Manairez susan CDC director. She got sacked yesterday,
as you're well aware, she says this morning she's still
there and going nowhere. So that's interesting. Meantime, Ms Cook
at the FED has officially sued the president. Then we
get to the embarrassment yesterday out of Australia. I was

(25:43):
pleased to have the opportunity, said Richard Miles, to reaffirm
Australia's commitment to building on this partnership with the US
Vice President Jade Vance and Secretary of Defense Pete Hicksseth
in Washington today Miles's and Washington, he claims to have
had meetings with Higseth and Vance. The Pentagon has officially
denied that Marles the Defense Minister, had any sort of

(26:05):
meeting at all, and the photograph was a happenstance encounter.
It lasted about ten minute minutes. There was no meeting,
so they flick up the So anyway, that's unfolding as
a fairly large level of embarrassment. Murray olds with US
after eight thirty ten to seven.

Speaker 1 (26:20):
The Mike Hosking Breakfast with Bailey's Real Estate News Togs
they'd be Yeah.

Speaker 2 (26:25):
The adrianare reference, it's the weirdest thing. Slowly but surely,
drip drip, drip, drip drip through the official information that
we find out that basically Adrian or was just a
massive egotist. So the latest is there was the rumors
and later confirmed. He had a big bust up with Treasury,
had a big bust up with Nikola Willis. The board
wrote to him and said, mate, can you tone it down?
And he said, get stuffed, And it was all over

(26:45):
the business of the funding from the government. He didn't
think he could run the Reserve Bank on less than
a billion dollars. He said, mate, full your head. And
so they wrote to him and he agreed to quit.
This is all happening in early March. Rejecting the assertions
from the board, the board wrote, he said, look, this
is a bit ott. He agreed there was a lack
of trust between the parties that's Treasury and the government.

(27:05):
He then resigned March five on the condition the board
withdrew the letter that it sent to him. The letter
they sent to him basically said mate, can you pull
your head in. They had an exit agreement quickly fronted
March five, refused to detail what happened. It wasn't till
June eleven. The RB said all resigned because he disagreed
with the board over the amount of government funding. If
these clowns had just come clean in the first place

(27:27):
and just just run it like I run this program,
tell it like it, it's right you go. Look, Adrian
got really pissed off. He had a couple of meetings
in which he yelled. We wrote to him and said, mate,
you can't do that because you're the Reserve Bank governor,
at which he said, gets stuffed, I'm off, and we said,
okay the end. If they said that, no one would
care because everyone's lost their rag in a meeting. You

(27:48):
don't have to work for a place if you don't
like it. He'll go and get some other job. He's
happy as and we can all move on. But we've
taken months to get to the bottom of this nonsense.
And I think finally we're there, five minutes away from seven.

Speaker 1 (28:02):
For the ins and the outs, it's the fizz with
business fiber, take your business productivity to the next level.

Speaker 2 (28:09):
I can't use out a europe byd geez. They're having
a good time closing the gap with Tesla at a
rate of not so. These are numbers for July in total,
this is the whole EU. Tesla sold six thousand, six
hundred cars. Has had a lot of money. Is that
a lot of cars in the EU?

Speaker 20 (28:21):
Know?

Speaker 2 (28:22):
To forty two percent drop from July last year. First
seven months of this year they've sold seventy seven thousand cars,
which is down from one hundred and thirty seven thousand
into BYD for the first time. BYD outpaced Tesla in
July ninety six hundred and ninety eight cars, two hundred
and six percent increase, Thank you very much. The European
Free Trade Association that includes UK's and Denmark and Norway Sweeten,

(28:45):
et cetera similar sales drop for Tesla BYD going through
the roof, they're up Turner in twenty five percent. Can't
work out whether we hate Tesla because Elon hung out
with Trump or we hate Tesla now because just turns
out Tesla's a crap and by they have gone and
built a better car and the Chinese are here to
stay anyway. The analysts predicted it's all one way traffic

(29:05):
from here on in because they've got the battery tech
byd They claim a five minute charge is good for
four hundred k's, while it currently takes Tesla fifteen minutes
to get three hundred and twenty k's. Lotus by the way,
other car news. Lotus by the way, and Britain five
hundred and fifty jobs gone good. That's bad news. I
could bore you witness with the Lotus story owned by
Jili these days who were the Chinese and they've lost

(29:27):
the plot. I mean, what was once a great British company,
the a siege that I mean forgot. If you wanted
just a beautiful little go cart, that Lotus was it.
And what they're producing these days is like what was like,
Oh yes, sales of UK cars to the US are
now up, thanked the good Lord, because the US is
the biggest market of the UK cars and they were

(29:48):
falling off a cliff because of the whole tariff thing.
So it was up to twenty seven five for the tariffs,
but the first one hundred thousand cars going at ten percent,
so the demand is back. The Lambeau Guy, by the way,
which is not in British obviously, but the Lambeau Guy,
head of Lambeau said, even the lambo buyer in America's
pausing or hesitating at the moment because of these tariffs.

(30:08):
And these are half a million dollar cars. So the
tariffs are a disaster news for you in a couple
of moments. Greg fouran of the in New Zealand after
after seven thirty.

Speaker 1 (30:18):
The only report you need to start your day the
mic costing breakfast with Bailey's real estate altogether better across residential, commercial,
and rural news togs Head been.

Speaker 2 (30:29):
Seven past seven out of these alcohol changes where to
have a clear licensing process the best, but that people
from out of town can't make objections of profession. Also
easy to open for special events, which I think is good.
Sam McKinnon, head of advocacy at HOSPOW, New Zealanders with
a Sam morning Morning. Make So what do we have
here in totality a tinker or a game changer?

Speaker 12 (30:48):
I mean, I think it's a step in the right direction.
These these changes are reinstating some of the rules that
are in place for force and changes that the last
government made, and so enabling and making sure that you're
objectors actually have an interest in your community. We've had
cases of you know, based in Auckland making objections for
licenses and Tomorrow and Viicago with no understanding as a

(31:09):
model that a venue plays in their community or the
measures they have in place to run a great.

Speaker 2 (31:14):
Venue, And no one up to this point has thought
that's mental.

Speaker 12 (31:19):
Well, certainly the industry has thought that that's a a
little bit crazy. But so I guess in that sense,
it's great to see that the government's been listening and
has made these changes.

Speaker 2 (31:28):
Good because it came out of the helicopter thing. For me,
I don't know if you're interested in that, but Elie
Williams and as helicopter, the people in Wanaka and WAYHICKI
telling them he couldn't land in a suburban Orkline, think
what's going on here? That's mad? What about these sporting events?
That's all good, isn't it?

Speaker 21 (31:41):
Yeah?

Speaker 12 (31:41):
Yeah, I mean I think for us that provides a
bit more opportunity around some other events might be able
to be our host and venues when they're run on
the other side of the world outside of our licensing hours.
So we've already run every Rugby World Cup run through
a legislative process to basically stop each individual venue having
to apply for a special license. But this opens the

(32:02):
door for FIFA World Cup Finals or I guess other events.
At the minister's DISCRESSI.

Speaker 2 (32:07):
Do we still have town to town, region to region
issues to deal with or not?

Speaker 12 (32:11):
Yeah, I mean one of our key challenges around them
licensing system is just the inconsistent interpretations of what the
rules actually say within the Same and Spy of Alcohol Act,
and so you kind of end up, depending on where
you are in the country, you might have your local
authority to termine a different set of rulings around your license.
So that doesn't support investment in hospitality, doesn't support a

(32:36):
thriving hospitality sector. So that's that's something we'd like to
have looked at.

Speaker 2 (32:40):
Next, give me an out of ten ten it was
perfect one, it was a bust.

Speaker 12 (32:46):
Well, look, the very percent stuff is really positive for
us as well, so overall it probably is a seven
percent stuff means that we're able to serve zero percent
bears to satisfy a lie alcohol requirements, which currently they
cast to a bit of a gray area. So there's
a range of newsers here. They all support hospitality. We're

(33:08):
placed overall with the direction of travel.

Speaker 2 (33:10):
Have you ever tasted a zero percent via that you
genuinely recommend.

Speaker 12 (33:15):
Yeah, I mean Garrett's Project Tiny as always go to
for me.

Speaker 2 (33:19):
Okay, garage Project Tiny. I'm going to get a bit
of that action this weekend. Sam top tip. Sam McKinnon
the head of advocacy at Hospitality in New Zealand ten
and its past seven PASKI. We've got the laser reporting
from the New Zealand China Council. Investment out of China
increased by an average of nine percent. This is between
twenty fourteen twenty twenty four flat line post COVID, China
now ranks twelfth as they saw some New Zealand foreign

(33:39):
direct investments. So what's going on here? John McKinnon's the
New Zealand China Council chair and is with us. John,
very good morning to you.

Speaker 21 (33:45):
Good morning.

Speaker 2 (33:46):
Something wrong?

Speaker 21 (33:47):
No, not really. I think there's a number of reasons
why the flat lining has occurred. One is to do
with COVID, the second is probably to do with slow
down on the Chinese economy. A certain fourth would probably
be changes in the rear get a tree environments in
both countries. So we don't see it as something which
is particularly worrying, but it's part of the purpose of
its reporters to provide people with the facts that they

(34:10):
can make their decisions on or judgments on.

Speaker 2 (34:13):
Is it more them or more us or a bit
of both.

Speaker 21 (34:17):
Well, it'd be hard to say. I would say probably
I'd attribute more to the COVID effect, which of course
applies to both countries, but also to the slowdown on
the Chinese economy. But there have been a number of
regulatory steps taken in China which have had an effect
of altering the way in which Chinese might be able

(34:38):
to expatriate their funds. And of course we've had changes here,
although they've been more designed to encourage people to invest
in use even than the reverse.

Speaker 2 (34:46):
Right, So those Chinese changes, that's applicable to the whole world,
not just New Zealand.

Speaker 21 (34:50):
Yeah, that's right, absolutely.

Speaker 17 (34:52):
Yeah.

Speaker 2 (34:52):
And we've got the US as the number one direct
foreign investor. Now that's good, isn't it?

Speaker 21 (34:57):
Well it is. I mean, if you look at the
stock though, the overwhelming stock of investment comes from Australia,
which is not particularly surprising the US, and there's a
big gap so that I think the Australia's stock is
fifty four percent or something in the US is nine percent,
so there's quite a big gap there. China comes in
on that scale at about zero point nine percent, so

(35:19):
it's still it's still a long long way behind the
big players.

Speaker 2 (35:23):
You reckon it'll change or not. I mean so in
other words, is that the regulations and the regulations are
the regulations. Therefore it's constrained or well out of COVID
and move on. Things will have change again.

Speaker 21 (35:34):
Well, we don't forecast a huge change. We can see
areas where there would be congruence or compatibility between New
Zealand and China in the areas such as you know,
renewable energy or food production. But it's hard to see
how the current settings are going to change in such
a way that there's an enormous boost. And I just
don't think that's the way that the Chinese people are

(35:56):
looking at this country.

Speaker 2 (35:57):
Okay, John, appreciate the insight. John McKinnon, who's the New
Zealand China Council chair thirteen minutes past seven. I've opened
a Pandora's box here. I gave up drinking three years ago.
The bus zero rated in my opinion, as sawmill bear beer.
That's crap and I'm no disrespect to Sawmill because I
love them, but that there, I've had it and it's nonsense. Mike.
The schools who signed the open letter to Erica calling

(36:18):
for a stop to NCEA reform have an average twenty
five percent of the students gaining UI don't think NCEEA
is working for them somehow. Yeah, that that story got
far too This is once again, this is my let's
turn the country round vibe now does eighty nine principles
out of and surely that was the question. How many
principles are there in the Country's about four hundred and twenty,
so not even a quarter of them. So, in other words,

(36:39):
think about it positively. Well, in excess of three quarters
didn't want anything to do with the letter. So why
are we giving so much prominence to people who just
don't want to move forward? These are people who are
overseeing failure. They don't want change, so they're happy to
oversee failure. So when change comes, they don't want a
part of that. I mean, explain that to me. Thirteen past.

Speaker 1 (37:03):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 13 (37:08):
At be.

Speaker 2 (37:10):
Greg four and is still to come out of a
New Zealand. With the numbers are Tim Wilson k Hawksby
after eight ten was one and a cruz as it
turns out, so we'll have to get the insight on
the cruise and what happened. They're sixteen minutes past seven.
It looks like the green loans are hit. You know,
these green loans where you borrow money for certain things
in nature. I think it's summer interest free. Some are
like one percent. Anyway we borrow. We borrowed a billion
dollars in these green loans and basically it's for evs

(37:32):
and heating your house and solar panels and stuff like that.
Doctor Claire Matthews, Massy University banking expert, with this clear
good morning to you more ner, Mike. Is a billion
dollars A lot.

Speaker 22 (37:43):
Oh, I mean brilliant dollars are sitting a large amount
of money. And I think what's more important is because
these are smaller loans, it's actually a lot of loans.
In terms of the tile amount of lending banks are doing,
it's probably not a huge amount, but in terms of
the difference that's making I suspect it's quite significant.

Speaker 2 (37:58):
How much is it real? I mean, say, I couldn't
give the monkeys about the environment, but I can get
one percent loan on an EV. Why wouldn't I buy
an EV and do it that way as opposed to
a regular car payment.

Speaker 22 (38:09):
Well to something said, it's almost part of the reason
for doing it. It's to help encourage consumers to be
more environmentally focused. Maybe not because they directly want to,
but because it's incentives to do so.

Speaker 2 (38:23):
Yeah, is there a bigger picture at place the solar
I've got questions around in terms of longevity. So I
borrow money for solar, I put the solder on the roof,
and of course it takes years to pay off, and
then suddenly I'm selling the house, I get nothing back
and I still owe this money. I mean, the issues
around that are.

Speaker 22 (38:37):
Not really well potentially, but the point is that because
you're paying a lot less for the loan, the payback
should be much better. And there's a whole other issue
around the need for solar energy and other types of
energy to be more cost effective. So it's a slightly
different issue. But one would hope that as we become

(38:58):
more environmentally conscious, and there are a lot of New
Zealanders that already are, that the fact that you've got
solar pedals on your house will be a sealid point.

Speaker 2 (39:06):
Will it well, I would hope, so, okay, And presumably
this is the same criteria that all banks use for lending.
In other words, can you afford to pay it back
even if it is one percent or zero percent? I mean,
they'd still be doing the you know, the d D
as they say.

Speaker 22 (39:24):
Absolutely, the fact that these are concessional interest rates does
not absolve the banks of the need to do the
normal affordability checks. So yes, they've got to make sure
that they irrespective of what amount you're paying, that you
can still afford it.

Speaker 2 (39:36):
They can't be making money at one percent. They must
be losing money. If they're losing money, is this green washing?

Speaker 22 (39:43):
Well, I don't know that it's green washing if they're
actually losing money green washing, No, But they're doing.

Speaker 2 (39:47):
It for altruistic reasons to save the world. So in
saving the world, are they saving the world? And if
they're not saving the world, is that green washing?

Speaker 13 (39:56):
Well?

Speaker 22 (39:56):
I think it is a contribution to help save the
world because it's getting people into things to help save
energy that may not otherwise have been able to do.
And it is costing the banks, so they are doing
it partly it's about showing that they are contributing to
the community and adding value.

Speaker 2 (40:15):
Okay, hey, do you know about neo banks?

Speaker 22 (40:19):
A little bit depends on the question is it.

Speaker 2 (40:21):
Worth discussing neo banks at links tech Edwards? You know
Tech Edwards, the monopoly guy two degrees? Oh, okay, yep, right,
so he's big on these neobanks. He reckons neo banks
of the future to banking in this country, and therefore
it'll balance it out in the whole competition argument that's
going on. Do I need to look into neo banks
and our neo banks potentially the answer to the competitive

(40:43):
problem in this country with banks.

Speaker 22 (40:45):
Well, neo just means new, So all it really means
is that these are banks that are coming in that
are going to do things slightly differently. It's much like
the argument I think around open banking, that it's going
to make us do things in a different way, and
if that's going to fix the competition problem, it's worth's
worth having a look into. Because it all depends what
the leobank, how it specifically is going to operate. Because

(41:08):
they're all going to be slightly different in terms of
what they're offering and how they go to operate. But
whether they're going to solve the problem, that's a different question.

Speaker 2 (41:16):
Well, it's a pleasure. Clear, you have a good weekend, doctor, Clear.
Matthew's out of massive university's so I'm not going to
London to find out that it's not a thing, am I?
If you missed yesterday's story, text wants to fly me
and the research temper.

Speaker 14 (41:27):
I'll be worth your investment though, couldn't they?

Speaker 2 (41:29):
Good boo Wilson. We'll see how we're feeling later in
the show. We'll see how the show and go. Yeah,
I mean I might be over at by nine o'clock
seven twenty one.

Speaker 1 (41:38):
The Make Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks Eppy.

Speaker 2 (41:46):
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the weekly little piece of news and current of incidents
as popular as a bouclet. Rapid Fashion Week in z

(42:50):
seven as in New Zealand seven third safest country in
the world, and about to outgrow Australia. I mean, how's
that for? Opener? Is the warrior is seven? More reason
for hope to to go a DC winternight. It's the
shabby old fourteenth place deals for goodness sake, how bad
can it be? Exactly? Retail spending six up and with
it just the hint of the second quarter may not

(43:11):
have been as bad as many thought. Horticulture New Zealand
seven now their plan to double export returns within ten years.
That's the sort of attitude that turns tights more. Please
Major Events Fund seven now the dormant events industry leads
to empty hotel rooms, as we've been told this week's
so stand by for the recognition of that foreign buying
houses or foreigners buying houses eight the final piece in

(43:33):
the immigration visa get money and jobs and culture into
the country puzzle. Stand by for the announcement.

Speaker 1 (43:41):
Quickly.

Speaker 2 (43:42):
Queen Sergia six as in parias as and is mate
botas another team more intriguing in the season resumes, of
course this week in at Zandfort. So I'm super excited
about that. SHAWNA. Laughlin eight, Shawn's my hero of the week.
He took at to Courtney one brains one arrogance nil
Nicola v Tory six. Who doesn't love a bitch slag
and who doesn't think Niccola has an excellent point on
that A Principles four or at least the ones who

(44:05):
wrote to the Education Minister asking for her to stop
her reforms. I mean in that letter is so much
that's wrong with education. People are over seeing failure and
yet not wanting change. Putin three, I know what the
hell I'm doing? You forgot that one, didn't you? A?
Where's the meeting? Where's the place, where's the time, where's
the venue? Where's the date? Did Trump get stiffed something?
You might have? Skiing four for Glenn? Yeah, I would

(44:28):
argue we have had, or at least some of us
have had. I reckon a superb winter, long, clear blue
sunny days. But they weren't from the South, of course,
and the South brings the snow, and they hasn't been
much of that. Travis and the Missus eight, I mean,
here's the plane. The often comes out, he wins the
super Bowl, the marriage is sold to Bandity fair, and
we all live happily ever after. I think that's how
it goes isn't and that's the weak copies on the

(44:48):
website and good news because of the value of marking
the week. And for all those of you that ship
copies to the States. This is not affected by the
Deminimus issues. Poscy might talk to any real estate agent
solar power. It's absolutely nothing to house value. If here
there's an interesting comment from clear Neobanks, Micro and are
the change that's required but extremely difficult to launch in
New Zealand? Are they? Why the three of them already launched?

(45:11):
Caun't be that hard. But it's an interesting point, isn't it.
Mike Emerson's Little Bird. I've opened the zero alcohol Peroni zero.
See I've got experience with Pironi zero. Sorry, you're wrong,
You're completely wrong. I've just started drinking the Project tiny
Bee as Hazy IPA XPA. They're great, Okay, Max Freeer
Ride is pretty good. Don't tell me it's pretty good.
I have to pretty good.

Speaker 14 (45:31):
I've always saw the amstyle wasn't so bad.

Speaker 2 (45:34):
That don't give me wasn't so bad. What we're after
is the best the show stop our hands down laid
down on the zebu.

Speaker 14 (45:40):
Well, you need an alcoholic one, then, do't you.

Speaker 2 (45:42):
I don't know. I don't know what I need, Glenn.
What I need is the news. Then we'll talk to
Greg foran.

Speaker 1 (45:47):
New Zealand's voice of reason is Mike the Mic asking
breakfast with Vida, Retirement Communities, Life Your Way News togs
d B.

Speaker 2 (45:57):
Twenty three minutes away from Tim and Cody after aving
the Friday. Of course, the two in New Zealand who
came for the company resolved part of yesterday with one
hundred and twenty six million their profit which is down
thirteen point seven percent. There was a five percent increase
in the airfare is coming as well, and a sense
the tough times ain't over yet. Greg Furan is of
course the chief executive and it is back with us.
Good to see you. So let's start with the good news.

(46:18):
My sister was on the dreamline of the new Dreamliner
yesterday flying to Australia and she's lucky enough to be
up the front of the plane and was speaking very
favorably of the new experience. So there's a win for
you there.

Speaker 23 (46:28):
I'm going to take it. And we've got four of
them done. We're the first in the world to get
Dreamliners retrofitted actually, of any airline in the world, we've
got fourteen of them. Four are done, we should have
seven done by the end of the year, and all
of them completed by the end of the following year,
plus two new dreamliners coming in March next year.

Speaker 2 (46:47):
Right, when you say that, and I assume you say
it with an element of pride, at no point did
you think I should really hang around till they're in
place and get some good headlines and some good news
and some good slaps on the back.

Speaker 23 (46:59):
Not really how I operate. And one of the things
I've learned in this business is that just when you
think things are coming right, be ready for the next
side swipes. So I'm not getting out because of side swipes.
I'm getting out because we've got a terrific person to
replace me. I've got some other things that I would
like to explore in my life. So the timing is
about right.

Speaker 2 (47:18):
We'll talk about the new CEO in a moment. Was
the best headline yesterday had nothing to do with you, actually,
but it says people love travel more than they hate quantus.
Now you can identify, I'm assuming with that in the
sense that you've got that same reputational thing that people
do hate quantas, and some people do hate here in
New Zealand. How do you counter that and deal with them?

Speaker 23 (47:41):
You know, reputation I think is pretty critical, and I
often ask myself in the airline business, is it as
important in the airline business as it is in other organizations,
for example, like retail where I came from. Clearly, points
programs in airlines are an interesting way of ensuring loyalty.
Even though I don't like the airline, but I've got

(48:03):
seven trillion points with them. Am I going to go
and fly on a competitor? And the answer is some do,
but most don't, So it's a pretty sticky business. However,
having said that, I don't think there's any excuse for
not ever treating your customer as well, and so we
focus on that intently. And you know, I've spoken before

(48:24):
about our stakeholder model. I worry about customers, staff, suppliers,
communities in which we operate in and shareholders, and I
try and do the best job I can for all
five of those stakeholders. Having said that, I'd say to
you that the Quantus result was a very good result.
Yesterday slightly different set of circumstances that they operate in.

(48:46):
They're not dealing with some of the engine issues. They're
not dealing with some of the domestic challenges that we're faced.
They'll have some of the inflation issues that we're dealing with.

Speaker 2 (48:57):
Let me come to that. So just strip out that's
what I want to know. Take out your engines and
take out the economy, which isn't your fault, neither of
your fault. Are you as a company as fighting fit
as Quantus appears to.

Speaker 23 (49:10):
Be, I would say yes we are. We've been prepared
to invest in, for example, aircraft that's still coming for them.
They've got some coming, but their fleet is almost twice
the age of white ours is, so they've got a
pretty heavy CAPEX bill coming their way. We've been spending

(49:31):
on things like a new hangar which actually finished yesterday
out at Auckland Airport. That's one hundred and seventy million
dollars worth of investment. We've plied in about another one
hundred and fifty million dollars worth of investment into an
engine center down in christ Church that we have a
JV with. We've updated most of our digital systems, so
I am happy that as I hand over to Nickel.

(49:55):
Actually the foundations of their New Zealand are good. And
as we see an improvement in engines which will come,
and as we see the economy start to pick up
in New Zealand is actually very well positioned.

Speaker 2 (50:08):
Okay, the great question around the economy do you see
the pickup? Will it happen?

Speaker 23 (50:13):
It will happen. Of course it will, I would say
to you. Just at the moment, it's still pretty hard going,
particularly out of Wellington and Auckland. And as I shared
with some people yesterday some of the analysts, government passenger
numbers are down ten percent on same time last year.
Corporate numbers are down five percent on same time last year.

(50:34):
We're in a disposable income business. You don't have to
fly or fly as much. But that will change. And
i'd hope that by now it would be picking up,
as I'm sure everyone did, But it isn't. But it
isn't just yet.

Speaker 2 (50:48):
And you've written off the rest of the year, haven't you?
Not completely? But you're not bullied.

Speaker 23 (50:51):
It's going to be tough, going to be tough, certainly.

Speaker 2 (50:54):
For us through to Christmas. Okay, the inflation story, how
much of that is just playing cost plus account and
is straight up and down unfair.

Speaker 23 (51:02):
A reasonable amount of it, and I'll pick sort of
four areas quickly and go through them. You know, this
is a highly regulated industry. There aren't too many supplies.
If you're a supplier in the airline business at the moment,
you could jump on and have a look at their
share prices. They're going through the roof because they keep
putting the prices up. They can't we can't go down

(51:23):
to Bunnings or Miter ten and buy a replacement toilet
seat for a seven eight seven. I wish I could,
but I can't. So inflation in parts is up forty
percent over the last five years and another ten percent
this year, so that's if you like double CPI. Airport
increases were up fifty seven percent for the last five years.

(51:45):
This is all airport up another six percent this year.
That's another twenty four million dollars. CIA and ABSEC have,
in fairness, have actually been static for the previous five years,
but they had a ninety percent increases here, which is
another forty seven million dollars. You know, their funding has
probably been stripped out, so they're trying to recover cost.

(52:07):
I could go on but we have to bear that
and unfortunately we can absorb some, we can offset some
with improvements in the business, but ultimately some of it has.

Speaker 2 (52:17):
To be passed, which is the five percent. But isn't
that a cyclical problem for this country? If they do it,
you do it in round and round we go, and
that's called inflation.

Speaker 23 (52:26):
Yeah, and of course when inflation comes down, prices don't
come down. No, So that is what's happening.

Speaker 2 (52:32):
Talk to me about Nicol.

Speaker 23 (52:34):
What a fantastic choice. You know, the board went through
a very thorough process. You know, many many candidates were
looked at. They then got down to a short list.
He was our internal candidate. He joined the business five
years ago. I employed him. I felt that he probably
in time, would you be able to rise up and

(52:57):
replace me? And that's exactly what has happened. I'm thrilled
the business internally is and thrilled I get good feedback
from around the community. He's going to be a great CEO.

Speaker 2 (53:07):
So that answers my question that you came from offshore.
Luxon came from offshore. This was internal? Was it internal?
Because you couldn't find anybody from offshore who was good
enough in other words, reputational issues.

Speaker 23 (53:19):
No, we had a variety of people that the board
looked at, and it's really a question for the board.
But Nicholas the standout candidate and you got the job.

Speaker 2 (53:30):
Fantastic. So what are you doing next?

Speaker 23 (53:32):
Haven't decided. So what I do know is my wife
doesn't want me at home. She loves me dearly, but
she prefers me at work. So once I get through
this particular shift, and that'll be at the end of October,
then I'll focus on what's next.

Speaker 2 (53:46):
Good stuff. Might see you before you go. Nice to
see you for now. Thank you Greg for and In
New Zealand sixteen two.

Speaker 1 (53:52):
The Mike Asking Breakfast a full show podcast on iHeartRadio
powered by News Talks.

Speaker 2 (53:57):
It'd be well Greg is ultimate keey gentleman, great interview.
We need more people like Greg, a true leader and
honest Mike. Hopefully Gregor and not lost to the country.
Nicholas a mount grammar boy, old boy. Well that's exciting, Greg,
foreign for New Zealand Rugby. You're not the first person
to text me that because there after a boss. Of course, Mike,
Greg's going to be missed. We had a flight canceled
last year and there was Greg on the tools and
the check in counter, helping with his team. Good luck

(54:19):
to a couple of people being you know, the way
some people are about other people. But one thing you
credit Greg with. Guy spends a lot of time at
the airport. I mean, I've never seen a chief executive
at the airport more. And he spends a lot of time,
you know, putting bags on the and putting labels on
stuff like that. Mike, when you interview the Prime Minister Monday,

(54:40):
would you please ask him when he was promoting foreign
investment in New Zealand did he envisit a French company
buying our iconic dairy brand. This reminds me of when
we sold our banks to Australia for a quick sugar hit,
followed by decades of anguish. Paul, is it really anguish?
I mean I'm at the A and Z for example,
I mean not promoting them. It's not a free ad.
But I'm at the A and Z. They happened to
be Australian. Can give them monkey And all I'm interested

(55:01):
is do they pay me a decent interest rate on
the deposits? Do they not screw me when I borrow
the money. I mean, that's the end of that. Do
I have a nice private banking Yes, I do.

Speaker 14 (55:08):
They you know, wasn't a traitor to the country.

Speaker 2 (55:11):
Well you know anyway, And here's the important point of
your text, Paul, Luxeon's got nothing to do with Fonterra.
I don't know why people don't understand this. Fontira is
a private company owned by the farmers of New Zealand
or the members of the co op. So when Fontira
wants to sell something, they're allowed to sell something. It's
got nothing to do with New Zealand Inc. Now what
has got to do with New Zealand Inc. Is the

(55:31):
farmers who get the four point two billion dollars are
going to put that back into the economy. So that's
all good for us. But if Fontira, private entity wants
to sell a chunk of their company to somebody else,
they're perfectly entitled to and always have been able to.
Just quickly on the zero alcohol. What we didn't realize
because Glenn was asleep and didn't give me the information
is we do in fact have a company called State

(55:54):
of Play, which is New Zealand's first and only zero
alcohol brewery. So in other words, that's all they do, now,
can I And the guy called Grant who runs it,
he's been in the business for years and he used
to work at Heineken and all that sort of stuff,
and that's great, and so he obviously knows what he's doing.
But what a massive call, isn't it. So there's a
trend towards zero alcohol. My problem as a semi non

(56:18):
drinker is I've not experienced a zero alcohol that is
worth my while. So I'd rather not have anything than
taste something that's not quite what it should be. To
enter into a market and do nothing but a niche
product is a very, very big call. But that is
potentially what makes this country great, because there are people

(56:39):
willing to back themselves, their experience, put their money and
their name and the reputation on the line and take
a punt.

Speaker 14 (56:45):
And you think, oh, that's a bit boot take. I
bet it's expensive.

Speaker 2 (56:48):
Is it cheap?

Speaker 14 (56:49):
I'm just looking at it. Here you can get a
mixed box of twenty four cans of their different let.

Speaker 2 (56:54):
Me guess, twenty four cans four three fours, twenty four
seventy five nine.

Speaker 14 (57:01):
Oh man, you were fair off seventy five backs. That's
pretty good value.

Speaker 2 (57:04):
You know, I'm good at price points and it's just
a little party trick of mine. Nine away from.

Speaker 1 (57:08):
Eight the Mike Hosking Breakfast with a Vida Retirement Communities
News togs had bes.

Speaker 2 (57:15):
From between a Rock and a hard Place this morning
the BSA, who I can't stand the broadcasting stanzas authority
and gave us a reason yet again this week to
just completely blow them up and get rid of them
and save some money. They've not upheld a complaint for
low level swearing. So this was of course on national radio.
They were discussing a controversial incident in parliament. This was

(57:36):
the Jasindra dounbook, and Jacinda was on National radio because
that's where she loves, lives and belongs. She called this
is the famous one. This is when she called David
Seymour an arrogant prick. So, mister James Allardyce, who I
suspect I want to say, I know that name from somewhere.
I suspect he might be a serial complainer anyway, sir James.

(57:58):
Mister James Allardyce complains that using the word prick on
national public radio was unacceptable in a breach of several
broadcasting standards. Well, guess what it isn't. Obviously it isn't.
And so he wasted everybody's time. And they all sat
in a meeting around the table and they consider whether
James was wasting their time, and they decided he did,
and so it did no harm. They decided it's a

(58:18):
relatively low level insult and would not have caused widespread
offense or distressed to the audience, no kidding. So preck preck, Preck,
preck Preck. There you go. James complained about that, and
we're not even on public radio. My point being, it's
that's what it's got to. That was the singer. As
far as I can work out, that's the singular story
that came out of the presence of the broadcasting standards

(58:40):
authority that you and I pay for in this country.
They are literally wasting their time with people like Allardyce,
who has clearly bored out of his brain. Now, why
am I between a rock and a hard place? My mate, John,
my mate John. I ran into John as I was
leaving this building a couple of weeks ago, and there
was John and John and I had a great chat

(59:00):
on the BSA. So that got a bit orkies because
I said, how are you going, John? Anyways, I'm good,
And I said, what do you up to these days?
You guys, we'll obviously I'm on the BSA And he
looked at me and that we all know what you
think of the BSA kind of look, and I went
anything else, So fortunately was doing other things.

Speaker 14 (59:16):
I'm starting to understand why you only ever spend about
ten minutes at parties, at the three parties that I've
ever seen you at.

Speaker 2 (59:23):
Yeah, it's just that people go, I know what you
think about this, so we won't continue that particular conversation.
If you or I heard what you said about me
the other day, and yeah, I'm still not over it.
Everyone's entitled to their own view, Mike. But then again,
did you need to say what you said the other
day about me? Stuff like that?

Speaker 14 (59:38):
It's hard enough being me and I only just work precisely.

Speaker 2 (59:42):
You're through, You're through double glades.

Speaker 14 (59:44):
Yeah, I'm not even that close.

Speaker 2 (59:45):
And after seventeen years of your skin, so think it
doesn't really matter. It's all the water off a duck's back.
Sam still a bit fragile. So Sam still cries a bit.
That's to him up exactly. He's crying the other day
at the boss about something. I said, you know what
it's like, I said, just harden up, put on your
big boy pants. Actually, speaking of pants, Sam's got pants trouble,

(01:00:05):
haven't you?

Speaker 10 (01:00:06):
So that.

Speaker 2 (01:00:09):
He's shaking his kid, Yeah, virtually shaking because he knows
what I'm going to say. What I'm going to say
after the break, because we need to talk about Sam's
pants with Tim and Kati. News is next.

Speaker 1 (01:00:23):
Mike has game, insightful, engaging, and vital the mic asking
breakfast with Range Rover leading by example. News Togs dead be.

Speaker 2 (01:00:48):
The album's called Private Music, and they really should have
kept it that way, shouldn't they. I mean, honestly, Olms,
you thought Oms was the pinnacle, and I'm pretty sure
I didn't. Anyways, Difftone they put out a thinkled Oms
and some people thought Olms was the pinnacle. Well, if
you thought that, here comes Private Music to run circles
around that notion. Listen to this perfect from Back to Punk.

(01:01:16):
This is alt metal. If you're wondering what this is,
it is lean, it is means, it is a stunner.
Deftones have recorded a flawless album.

Speaker 14 (01:01:32):
I mean, it's kind of she hardish.

Speaker 2 (01:01:35):
What do you say? Yeah, it is a bit that
I was kind of work out what it was. Eleven
tracks and forty two minutes and twenty two seconds of
the fiction.

Speaker 1 (01:01:44):
The Week in Review with two degrees bringing smart business
solutions to the table.

Speaker 2 (01:01:49):
Tim, Hello, welcome back.

Speaker 10 (01:01:55):
Hello Mike.

Speaker 13 (01:01:56):
Hello.

Speaker 20 (01:01:56):
Okay, now listen, I've got a bone to pick with
you coming in now?

Speaker 2 (01:02:00):
Can you First of all, why is your connection so poor?
It's thick?

Speaker 14 (01:02:03):
It says, I don't know. Can you hear me?

Speaker 20 (01:02:06):
Watch you check? Check, check my bone? Is this it's
a fake news alert? Now, my in laws tell me
that before, just before you had there's some guy who
replaced me for the last couple of weeks.

Speaker 2 (01:02:15):
I can't remember his name.

Speaker 20 (01:02:16):
But you're like, Tim didn't tell us until the last
minute that he was going away on holiday.

Speaker 14 (01:02:22):
Not true.

Speaker 20 (01:02:22):
I let Sammy know a month in advance.

Speaker 2 (01:02:25):
Now, that was the ruse. That was the ruse to
suck caddium.

Speaker 24 (01:02:27):
It was a stitch.

Speaker 2 (01:02:28):
Okay, yeah, all right, it was.

Speaker 25 (01:02:32):
From me because it was such a big secret and surprise.

Speaker 24 (01:02:34):
I was genuinely shocked because I was saying the same
to sam Ifair. I was saying, that's so out of
character for Tim, because he was saying, I'm trying to
get Tim on the phone.

Speaker 25 (01:02:41):
I said, that's so, that's so I really fell for it.

Speaker 2 (01:02:45):
Yeah, talk to me about I take it back. Have
you two part question? Have you been on a cruise before?
And if not, was this the greatest thing of your life?
Never been on a cruise before?

Speaker 1 (01:02:57):
And it was.

Speaker 20 (01:02:58):
It was an incredible, holly level lifetime. But eight days
on a floating trough. I've never eaten so much food
in all my day.

Speaker 2 (01:03:06):
You didn't have to eat you didn't you didn't have
to eat that much for you. Well, it's just there.

Speaker 10 (01:03:13):
I mean, we all go, oh, you know.

Speaker 20 (01:03:15):
I mean I had these visions that, yeah, I'll be
hitting the gym, I'll be doing the bikes, I'll be
hitting the weights. No, I was just lying in the
buffet with kids bringing me ice cream?

Speaker 2 (01:03:24):
Can I have another chip?

Speaker 20 (01:03:26):
Who are you eating that chicken McNugget. The other thing
is like you pillage your kids dishes as well, so
the kids.

Speaker 2 (01:03:34):
I mean, obviously, first question is why were the kids there?
But second question would be did the rules around the
kids and eating change because you're on a cruise and
could scoffy faceful.

Speaker 20 (01:03:45):
They actually, Roman, who's very self directed, decided that he
would not eat until the evening because he had eaten
so much. So they actually some of them actually, although
it put me to shame, but I have to say,
in the evening.

Speaker 2 (01:04:01):
He ordered to dessert, So that's another that's life. Nothing
wrong with that, Katie.

Speaker 20 (01:04:05):
But they got they got braids on the islands too,
which is quite exciting.

Speaker 2 (01:04:09):
Everyone gets braids on the islands. Who hasn't been to
the islands' got braids? For goodness? Do you remember the braids? Then, Katie,
you mean to go down memory lane with that? I
mean then the sunburn. So after you get the braids,
then the sun burn comes in with the gap in
your head, doesn't it, And then the crying all night
because the kid didn't realize that they're going to get sunburnt,
and then the holiday becomes miserable. Katie, do you take

(01:04:30):
me back there, get me back to.

Speaker 14 (01:04:34):
Cruise?

Speaker 17 (01:04:35):
Yeah?

Speaker 25 (01:04:36):
No, it's not a winner. It's not a winner. Okay,
just just if I are on the beer front, we
got scent from the lovely people at Sawmill.

Speaker 2 (01:04:43):
Yeah, no, I felt better beer beer.

Speaker 25 (01:04:46):
Non alcoholic pale ale. Do you have you tried that?
I've got it sitting here.

Speaker 2 (01:04:51):
I don't want it. I taste it.

Speaker 14 (01:04:53):
You don't like pale ale?

Speaker 2 (01:04:55):
No, no, but I just don't like. I don't like.
I just I shouldn't have I should never have seed.

Speaker 10 (01:05:00):
You've opened up a can of worms.

Speaker 2 (01:05:01):
Here, can of pale ale? Is what have opened up?
So the Georgia lines question, Katie, I was just wondering
this and the attitude of business. Now you I know,
Jason's just come in here, the boss of the company,
and you've been on the phone to him, and he's
been on the phone to you this morning.

Speaker 25 (01:05:16):
Will he texted me. And as usual, Jason and I
aren sync in mutual agreement with each other.

Speaker 24 (01:05:21):
A conspiratorial nonsense, our main caregiving role of you, Jason
and I like co parents of you, and we of
course are always in sync in agreement. And I of
course gave you a bollocking yesterday about trying to be
more positive and trying to speak less all of this
country because you have a massive influence and you need

(01:05:41):
to raise the bar of it. And Jason couldn't agree
more so, so I was really pleased to hear that
the two people who try to fuel the mic hosking engine.

Speaker 25 (01:05:50):
Are in sync.

Speaker 2 (01:05:51):
What do I do? Because I'm between you answer me
this to him, I'm between a rock and a hard place.
I got to call it like it is, and there
are some things to call that are particularly pleasant at
the MO. But equally, you want this country to do better.
So I walked this fine line, don't I because you
don't want to end up a cheerleader for the sake
of being a cheerleader. Equally, you don't want to be
a misery for this restart.

Speaker 14 (01:06:10):
That's not yelling at the government all the time.

Speaker 20 (01:06:15):
And it wasn't to be fair, to be fair and
wrap the week This morning at round seven twenty, I
was actually like, I was impressed by that because it
was positive, positive, positive positive.

Speaker 2 (01:06:27):
Can I come clean on that? That was the way
that it was written right after the bollocking from the missus,
and I said, something's straight to the study, and I thought,
I want to tidy myself.

Speaker 14 (01:06:35):
Up, and you would have fense.

Speaker 10 (01:06:37):
That's is good.

Speaker 2 (01:06:38):
It's a sign of a functional marriage, is it.

Speaker 14 (01:06:40):
And you would have fense. I feel like that the
bollocking was slightly unjustified because this happened yesterday on the show.

Speaker 2 (01:06:48):
I don't know why I did that.

Speaker 14 (01:06:54):
That sounds pretty positive.

Speaker 2 (01:06:57):
That doesn't sound positive to me. It sounds like I'm
more in a moment.

Speaker 1 (01:07:00):
Thirteen past the Mike Hosking Breakfast Full Show podcast on
iHeartRadio powered by Newstalks.

Speaker 2 (01:07:08):
B News Talks, B sixteen past eight.

Speaker 1 (01:07:11):
The Week in Review with two degrees Fighting for Fear
for Kiwi Business.

Speaker 2 (01:07:15):
Kate talks by Tim Wilson with us. Are you aware, Kadie,
of Tim's injury? Not of Tim's injury, of Sam's injury?

Speaker 6 (01:07:22):
No?

Speaker 2 (01:07:23):
Right, So Sam's injured himself and I just want to
get your advice because you're good at the etiquette thing.
So Sam unfortunately has done a league injury and it's
possible worst scenario is going to have surgery, and that
the more likely, the more likely scenario is going to
be in a leg brace. Problem with the leg brace
is that he can't wear his type pants, you know,

(01:07:45):
the type pants he wears.

Speaker 25 (01:07:50):
You're so mean to Sam. What's he done? In?

Speaker 13 (01:07:53):
Is he want?

Speaker 20 (01:07:53):
But? I bet I bet you send him out for
a coffee and you tripped him up on the way out.
What's happened.

Speaker 2 (01:07:58):
No, it wasn't after coffee at the moment, but he
injured himself at the gym. Now the type what his
concern is because the leg brace and account were his
type pants. He's going to have to wear his Lulu
Lemon yoga shorts and he was in all seriousness going
to talk to management to see whether they're wearing. Is
Lulu Lemon yoga shorts was acceptable clothing in the office?

(01:08:20):
Is it not? Well, what do you do with the
league brace?

Speaker 24 (01:08:23):
Seen, I've seen the dress code in that office and
I pretty much in his dressing gown and it would
be fine.

Speaker 2 (01:08:31):
That's exactly what.

Speaker 14 (01:08:34):
In Sam's case we're going to need to put to
be sunglasses or something.

Speaker 2 (01:08:39):
Big, bright white.

Speaker 14 (01:08:40):
Yeah, I think that's a visual sort of hasard, isn't
it exactly?

Speaker 2 (01:08:43):
But we wish it. We wish him the best with
the injury. By the way, just quickly on the positivity. Greg,
who's my hairdresser. He's come up with an excellent idea.
He is going to in a salon. He's going to
take photos of the customers, right, and he's got a
tronic display in his window. So a whole lot of
sort of photo boxes in his window, right, and so

(01:09:06):
this is the serious serious we're trying to get. We're
trying to get the country right to him. Don't burst
out laughing with the bright idea.

Speaker 25 (01:09:11):
I don't understand.

Speaker 24 (01:09:12):
This sounds like a Chinese food restaurant where they put
the lemonated pictures of the meal.

Speaker 25 (01:09:17):
Why it doesn't entice anybody.

Speaker 20 (01:09:21):
How Greg cuts it, it's here's here's the thing.

Speaker 2 (01:09:25):
Can we go?

Speaker 13 (01:09:25):
But can we go?

Speaker 10 (01:09:26):
So?

Speaker 2 (01:09:26):
You know how?

Speaker 20 (01:09:26):
You know how Taylor says that Travis is an exclamation mark, right,
this is a punctuation.

Speaker 2 (01:09:31):
Travis is an explamation mark.

Speaker 20 (01:09:33):
Mike, You're a colon in both senses of the word,
in that you you pause, you leave, you know, you
let people say tell, say what they need to say,
but then you process it and sometimes it's a bit smelly.

Speaker 2 (01:09:46):
Is that what it is? Well, no, it's photo boxes, right,
think of a photo box. You know what a photo
box is?

Speaker 25 (01:09:51):
But this before and after or is it just not?

Speaker 2 (01:09:54):
Like?

Speaker 20 (01:09:56):
Are you going to go on the photo on the street.

Speaker 2 (01:09:59):
So what you're doing is you're walking past us sell
on and you're looking in the windows at the photo boxes,
and then the photo boxes lit up are people happy
and joyous and loving life and therefore you feel good
about it?

Speaker 19 (01:10:11):
Yeah?

Speaker 2 (01:10:11):
Were you going to be one of those people? And
well we didn't get to that part because I charged
quite a lot for that sort of thing, so you
know you need so maybe I maybe or not. But
I thought that's you said. You said. What he was
saying is that the whole malaise that we face is
about attitude. And until you turn the attitude around, we're
going nowhere fast. So I thought, now that is a
good idea. Is that a good idea? Is that a

(01:10:33):
good idea?

Speaker 24 (01:10:34):
And good thinking of it too? Hey, by the way,
speaking to me, you say, did you get any come
back your interview with Erek Stamford about immigration this week
where you talked about businesses and visas and you said,
are they just more bubble tea shops coming in?

Speaker 25 (01:10:45):
And thankfully she said no.

Speaker 24 (01:10:46):
But then you went on to say, because there's too
many of them in the bubble te shops, we all.

Speaker 25 (01:10:50):
Know our front for money laundering. And I fell over
when you said it, because you just sat at home.
But I couldn't believe you said it loud on it?

Speaker 8 (01:10:58):
Why you didn't he.

Speaker 25 (01:10:59):
Come back on that?

Speaker 20 (01:11:00):
Here's here's here's my problem, mate, John, your mate, John's
already all over that isn't he?

Speaker 2 (01:11:05):
I don't know. But my problem is sometimes I don't
know whether I'm on here or at home, and so
the things are blurring these days. But but that's I mean,
there's a lot of bubble tea, isn't there? And we
all know that bubble tea is money laundering exercise, don't we, No,
we don't don't.

Speaker 14 (01:11:20):
What's your evidence?

Speaker 2 (01:11:21):
Well, I didn't want to pick Erica up because Erica, Erica,
who had to be there to shop on her face,
she said there's nothing wrong with bubble tea, and of
course that's not true. But I didn't have time to
pick her up on that and say, no, bubble.

Speaker 10 (01:11:35):
T wrong with?

Speaker 2 (01:11:36):
Can we just can we be?

Speaker 20 (01:11:38):
Can we stop being what we're against and be what
we for?

Speaker 2 (01:11:41):
All right?

Speaker 20 (01:11:41):
You're against bubble tea, what are you for?

Speaker 2 (01:11:43):
I'm for high alcohol beer. I'm not for the zero crap.
I'm for high alcohol beer. I'm not for bubble tea,
and I'm for having a good time and bugger at all.
There you go. Yeah, by the way, just quick, Jason
went to a community meeting last night. Jason the Boss

(01:12:04):
went to a community meeting.

Speaker 25 (01:12:05):
Last did he about the housing?

Speaker 2 (01:12:07):
About the housing? Nimba sic nimber. He's he's here this
morning denying he's a nimby, but but he's got the
unitary plan and the fifteen story one is going right
next door to his house and he's freaking out.

Speaker 25 (01:12:18):
He should be deeply concerned about that.

Speaker 20 (01:12:19):
That's what I didn't You didn't you twist his arm
to buy that house?

Speaker 2 (01:12:23):
I did. And he's more the eyeballs, he's moisture the eyeballs.
And I trolled him this week and I said, mate,
before you know it, there's going to be a bubble
tea shop right next door in fifteen stories. That's harsh
and exact, turning shape around my attitude. Nice to see
you guys. You have a good weekend, Kate. And it's
a twenty two.

Speaker 1 (01:12:43):
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Geg Michael, love you mate and support you fully. I
think as you as my bro, but on this occasion
I am slightly siding with Katie and and Jason, who

(01:13:49):
you may need to move your attitude about the country
and the government to fraction, say a couple of degrees. Colon,
thank you very much for that. My argument with the
around here, it's my argument is this, they do that
line about take it easy on the government because who
else is there because the rest are useless. So fair enough,
but that then excuses complacency. And I'm not into complacency.
And so just because you're the only game in town

(01:14:12):
or the major game in town, doesn't mean you should
get away with being second degree. And so the boss
yesterday says to me, the only reason you're successful, for example,
he's carting. The only reason you're successful is because there's
no opposition. That's what he said to me. I don't
know how you're supposed to go on with that, but
that's the sort of stuff. That's the sort of trolling
I get behind the scenes. I don't like to talk
about myself that often and the pressures I'm under and

(01:14:34):
the things that I face on a daily basis, but
you know, that's what I dealt with yesterday. And so
sometimes you don't feel like turning up in the morning,
and it's very early, it is very very lonely and
you think, well, the boss is trilling you. How much
longer have I gotten? This job? Is my contract? And trouble?
How do you perform under circumstances like that? These are

(01:14:55):
the questions I'm asking myself.

Speaker 14 (01:14:56):
And you think I think your phrases like not a
young man anymore Haggard, that's a phrase that keeps being
raised by you.

Speaker 2 (01:15:05):
It's that's why I didn't start it. That's I think
you did, didn't you? Who did? Am? I saying paranoid?
Could be news for you? In a couple of moments,
then we'll cross the Tasman Murray Olds.

Speaker 1 (01:15:23):
News opinion and everything in between, The Mike Hoskin break
best with Bailey's real estate altogether, better across residential, commercial
and rural news talks head been.

Speaker 2 (01:15:34):
Mortie, Mike, I haven't heard anything from you about the
F one race preview this weekend. It's pretty good pointed
back after the summer break at Zandfort. But I'll come
back to that in just a couple of moments. Yesterday
not covered here yet again unfortunately, because it was funny
airs Bob Catter. He's the Australian politician who wears the
big cowboy hat. Old bloke, sort of cantankerous, miserable, et cetera. Anyway,
he's doing a press release and does this, Oh.

Speaker 9 (01:15:59):
Mike, don't say that because that irritates me and our
punch blokes in the mouth for saying that. Don't you
dare say that? My family have been in this country
for one hundred and forty years, right, so you and
if you say anything like that, I have on many
occasions punch bluts in the mouth. Right, So I'm restraining
myself today. Don't say it.

Speaker 2 (01:16:21):
He's in Parliament. Actually, once the press conference was over,
he sort of didn't finish there.

Speaker 9 (01:16:26):
You just said without being identified as a racist, some gentleman, ladies,
this man is a racist.

Speaker 14 (01:16:33):
Don't listen to him.

Speaker 11 (01:16:35):
Doesn't he have the freedom aster question as a servist, No.

Speaker 9 (01:16:38):
He doesn't. If he asks a racist question which imploies racism,
I'm not going to answer it.

Speaker 2 (01:16:44):
And I don't consider him a proper.

Speaker 8 (01:16:45):
Australian international correspondence with ends and eye insurance, peace of
mind for New Zealand business or how.

Speaker 10 (01:16:53):
Are you mate? Bobcatter's Hat's too tight. He is an
absolute lunatic and I mean it's justos he keeps on
getting elected. I just forget what the name of his
electurer it is. It's in far North Queensland and he's
loved but the Conservatives up there love him. He must
have been in Parliament for twenty five years or more

(01:17:13):
and this is the sort of stuff he comes out with.
The whole news conference yesterday was because he's opposing levels
of migration. And the guy Josh Babis, he's been around
a long time, good reporter. He's done a lot of
miles with the ABC. I think he's working for Channel
nine up there now. And he said he brought it up.
He said, mister Caddy, your family came from Lebanon. And
let's face it, if you if your Herodage can't go

(01:17:35):
back sixty five thousand years as indigenous people can hear
everyone's in new arrival. I mean, it's just buddy ridiculous.
And I mean Kat has pulled this nonsense before. He said,
don't you do essay, My family came from Lebanon. His
sister was on national television a few weeks back saying,
oh yeah, yeah, our ancestors came here from Lebanon for

(01:17:56):
a new life. Jeff silly, silly, silly.

Speaker 2 (01:17:59):
Sir Kennedy is the electroateism.

Speaker 10 (01:18:02):
Dentity, thank you very much.

Speaker 2 (01:18:03):
Nowhere is it all this? I read a very good
piece a guy called Cam Wilson. Do you know whom
he works with the Sydney Morning Hero. He's written a
book apparently about all these sovereign citizens and Dezzy and co.
And what I didn't realize. I thought a sovereign citizen
was sort of a person who kind of I don't
pay taxes and you don't tell me what to do,
and I don't recognize you as the law, etc. But

(01:18:25):
it's way more than that. It's way more sort of
you pay to the straw man and you're born a
sovereign citizens. They're all weird as But where are we
at with the actual you know, finding him?

Speaker 10 (01:18:34):
Well, well, they have no idea where he is. I mean,
if you can think it's a cross between the Coromantal
Peninsula and the rubbers Bush on the west coast of
the South Island, and then you add into it the
dreadful weather that's down there. This guy knows the area
super well. He was living on a bus in this property.
Police obviously turned up. There were ten officers assigned to this,

(01:18:54):
so they knew there were I mean, this guy had history.
He's called police Nazis, does not recognize the court system,
does not recognize Australian governments. So they turned up with
a good number of officers and two shot dead and
it's gone far BEI You may remember Mike, a guy
called Prince Leonard of Hut, Yes, and he was a

(01:19:16):
strange character but harmless.

Speaker 16 (01:19:18):
Right.

Speaker 10 (01:19:19):
This was a little kind of community he founded way
out on the far west coast of Western Australia. And
Prince Leonard of Hart said that this is a principality.
We don't recognize the Australian government. It's got a whole
lot darker and a whole lot more sinister and a
whole lot more criminal, to be honest. The police say
there are many, many of these people out there. COVID

(01:19:42):
really drove them down to a bunch of whole bunch
of rabbit holes. And they are sharing the conspiracy theories
about the world governments. You know, the whole Q and
non stuff that you know that Donald Trump's allegedly involved,
I big your pardon. Different American leaders are involved in
the whole Q and nons stuff. All that nonsense. And
this is an offshoot I guess of that. I mean,

(01:20:03):
it's a it's a similar thing. They don't They have
no respect for what passes for authority over here. And
this guy was he's just off the grid. This guy
opened fire on police and killed two of them.

Speaker 2 (01:20:16):
Yeah, he's going to I'm assuming he's going to end
up dead, isn't he? Because I mean, yes.

Speaker 10 (01:20:21):
He's a very good booshman. He can stay out there.
I heard police this morning say if he's got cashes
of food out there, he can stay out there for
as long as he wants. But the chances are that
he will be found dead not too far from where
they are right now. His wife and two children. They
went to see police, I think on Tuesday night or
early Wednesday morning this week, and they've got nothing to

(01:20:44):
do with this fella. He's out there on his own,
and there's a whole bunch of mind shafts and so on.
He could be anywhere.

Speaker 2 (01:20:52):
Mike the Miles thing where he didn't really have a meeting,
but he happened to encounter a couple of senior operators
in America and flick them, you know, flick the old
photos up. Is he is this embarrassing?

Speaker 21 (01:21:04):
Well, I don't know.

Speaker 10 (01:21:06):
I mean, this is all secret squirrel stuff with Richard Miles,
he's the Defense Minister off to Washington. I mean, you
know UCUS, the whole security arrangement, the architecture of Aucus
with the United States and Britain and Australia. So you know,
it's very troubled. Australia shoveling hundreds of billions of dollars
into the American industrial military complex on the off chants

(01:21:28):
we're going to get three nuclear powered submarines sometime the
twenty thirties. So okay, let's go to Washington. But this
apparently was a different trip. It wasn't talking about submarines
as much as assuring officials. We understand because he met
Vice President Vance, he met he did meet Hegzaf, the
American Defense Secretary, also met Marco Rubio, so he had

(01:21:49):
some pretty high powered meetings and we understand now this
morning this was more about shoring up the politics of
all of this. Is Australia going to spend more money
on defense? Is washing and is insisting, well, perhaps we
are going to be spending more money on defense. Notwithstanding
the remarks made to this point by the Australian government
on the record, and don't forget Anthony Albernice is off

(01:22:09):
to New York in a couple of three weeks to
address the United Nations. And there's a chance we understand
that this visit by our Defense minister to Washington overnight
has paved the way for a meeting with Donald Trump,
perhaps in New York. If you're Albanizi, you don't want
to go near the Oval office.

Speaker 2 (01:22:29):
Because you get a new bum rip for you know exactly. Hey,
when you into Italy, what airline did you fly?

Speaker 10 (01:22:35):
We flew with Singapore.

Speaker 2 (01:22:39):
Just as reading in the Australian media now it's just
reading yesterday in the Australian media. Emirates who in first
class offer caviar. They are saying that the cavia consumption
on first class Emirates has gone up thirty percent of
the last year. And the most lutoner's route is due
by London, followed by Dubai Paris, but the third ones
d by Sydney. And I put them down to you.

(01:23:01):
But if you if you weren't on board, right, not
really your fault, is it.

Speaker 10 (01:23:07):
Make I'll tell you what you're speaking Airlines Quantus. Hasn't
that bounced back the net extraordinary billions and billions and
billions of dollars in profits, notwiths doubting the fact they
got swapped with a ninety million dollar fine by the
federal court only a couple of weeks back, because of
course they sacked all those ground staff in the middle
of COVID and then trousered millions and millions and millions

(01:23:29):
of taxpayers dollars. Is she though, Well, she was the
understudy for the Irish Leprecorn who run there. It was
running the airline for many, many years, and it looks
she's very very well regarded. This is Vanessa Hudson, who
was the new boss of Quantis, you know, and a
big smile on the face. Yesterday domestic travel up Jetstar

(01:23:50):
carried a record sixteen million passengers sixteen billion, So domestic
travel is enormous. Also international travel. The world is flying again.
And don't be blaming me for your caveatuins.

Speaker 2 (01:24:01):
My apologies. Well do you realize you do realize that
Sidney Melbourne's the third busiest route in the world. Yeah,
I understand that that's right now, exactly sure? All right mate?
You the other good weekend. We'll catch up next week.
Appreciate it as always. Cheers Yeah, DESI. If you've got
access to the Sydney Morning Herald, it's a very good
piece by guy called Cam Wilson. He's written a book
on these these sovereign citizens. Research suggests conspiracy theories serve

(01:24:23):
the needs of those who believe in them by taking
a complex and uncertain world distorting it to a familiar,
easy to understand story. Everything bad that happens is due
to an evil plot. They fulfilled the human urge to
have a simple answer to a complex problem. The pseudo
law believers tend to follow a very familiar pattern. They
got to run in with the legal system, then in
a moment of crisis, turned to a pseudo law guru
for a quick fix. By shouting at court about the

(01:24:45):
Magna carta or mailing letters with red fingerprints often exacerbates
the problem. The parking ticket leads to a bigger fine,
leads to a court summons, leads to a warrant and
leads ultimately to your arrest. And that's how it all works.
Sixteen No, It's not fourteen to nine.

Speaker 1 (01:25:01):
The Light Asking Breakfast Fall Show podcast on iHeartRadio powered
by News Talks.

Speaker 15 (01:25:06):
A B.

Speaker 2 (01:25:08):
Ten away from nine to Zandfort this weekend, of course,
after the long summer breaker in F one. I'm but
worried about the Warriors because the forecast has been consistently
They're home tonight in Auckland, are consistently wrong all week
and there's some Philly drowns. Took to my mother who
had her birthday this week and she was saying how
much it was blowing yesterday and some caravan got blown

(01:25:28):
off in the west coast South. I think the northern
part of the country has been spared despite the fact
the forecast apparently they talk about massive winds and you know,
hail and all that other nonsense. I'm looking out a
clear blue sky, so I'm hoping for that the Warriors tonight,
you know, just a nice evening so we can put
the eels to the sword. Anyway, Zandfort this weekend and
F one. I favored racing bulls chances here because it's

(01:25:48):
a downforce track. It's a short tracked, little tiny track,
so it's not a big high open speed you know
McLaren and all that sort of stuff, so they could
be competitive. The racing bulls, and I think I'm right
saying it might well be the last time that's at Zandfort.
It's like, was it Monza or immol or I can't
remember one of those Italian ones. They're not going back
to again, so Zandfort. But I always thought Zaandfort was

(01:26:10):
one of the great tracks in the sense it's small,
it's got angles, it's got undulation. It almost looks like
a slot car set track. And of course we do
need to remember a couple of years ago, Daniel, Remember Daniel,
He'd drive into the wall, broke his hand and the
next thing you knew, Old Liam was called up and
the rest, as they say, is history. So very excited
about that this week.

Speaker 14 (01:26:30):
Does they have a loop to loop?

Speaker 2 (01:26:31):
It's close to it, not quite, but it does. If
you look at the Zaandfort track, it has those sort
of things that could lead to a loop to loop.
And I think if they are losing it in terms
of it, they're not coming back next year. If they'd
had a loop to loop, they'd go, well, surely it's
the only place with a loop to loop, so why
are we possibly going elsewhere? Anyway? So I'm looking forward
to that this weekend.

Speaker 1 (01:26:49):
Nine to nine the Mike Hosking Breakfast with Bailey's Real
Estate News Dogs.

Speaker 2 (01:26:54):
There'd be one more at Zandport next year, Mike, thank
you for that blowing in the Bay of plenty. He
hope the shelter bolnts protect the avo. We're ready for
picking good. It's a good season, I'm told. Daffodil day today,
by the way, chance for us all to support the
one in three New Zealand is affected by cancer. So
A and Z they've been a proud partner for the
Cancer Society for thirty five years. So that's consistency and loyalty.
We like that, and they stand with our community and

(01:27:17):
supporting the important course. So your donation helps provide the
vital care, the transport to treatment, the nurses, the accommodation
of the counseling. Also supports prevention programs and research helping
improve outcomes for future generation. So by a daffodil, show
the support. But if you can go one step further,
make a donation, because every daffodil, every dollar, every little
bit of kindness counts. Of course, it's about care, it's

(01:27:37):
about hope, it's about standing with those who need it most.
So you text the word donate to three four nine
three three four nine three the word donate, and that
will be an instant three dollars donation to the Cancer Society.
So donate to three four nine three and let's make
every dollar count with an sid asking by the way,

(01:27:58):
next week we're giving away with that dollars a day
in a men's fragrance. So with the very good people
are good friends at Chemist's Warehouses. Is to celebrate Father's
Day or a father figure in your life, whatever you like.
Go to news to this weekend, you know, just tell
us about what makes your dad a legend. News talk
tov dot co dot mz ford slash win and we'll
start handing out some money and some fragrances next week

(01:28:20):
five to nine.

Speaker 1 (01:28:22):
Trending now to help with chemist ware House.

Speaker 8 (01:28:26):
Great savings every day.

Speaker 5 (01:28:27):
Right.

Speaker 2 (01:28:28):
So we got the AFL Australian Rules Football All Australia team.
So this is not a team that plays, it's just
an honor. They picked the best players of the season.
The big talking point Bailey Smith, he plays with the
Geelong Cats. Upon receiving the nomination to the team, he
decided to reveal he'd spent time in a psychiatric ward.
It was about a year ago.

Speaker 16 (01:28:46):
I got out of a psych ward. I was in
at Worth Cambell for like four weeks and I got
a couple of hours out of day and I spent
that sort of training and I went for a really
dark time and yeah, I didn't think i'd get to
I suppose the other side, and you know, I'm super
grateful to be here through the support of my family.
You know, the word gets thrown around a lot these
days mental health is I suppose an excuse in some cases.

(01:29:09):
And it's not a sympathy for me thing. It's just
more to raise the moness that you can put your
hand up. And yeah, I don't know. It's a tough period,
but yeah, it wouldn't change it for the world. It
always makes sense in retrospect, So just know, yeah, whatever
dark period you're going through, one day it will makes sense.

Speaker 2 (01:29:26):
I guess. Yeah, there you go. Bili Smith, Geelong Cats.
The team might follow, which are the demons turn out
yet again to be useless this season? So so it goes.
Sam tells me I should be worried about the Warriors tonight.
He's got this conspiracy theory. He's a Tinhetter and so
clearly rests all his players. Some other teams resting all

(01:29:48):
their players. There are teams on the comeback and we're
having to play full side because we've got injuries and
all that sort of stuff. So as a result of that,
things aren't going to go well for us. And I'm
going to turn up on Monday and we're suddenly night
on the table and the playoffs are in doubt and
JEF and all that sort of stuff. So that's that's
what I'm dealing with people. I mean, yeah, I'm trying
to turn this thing around. But that's when I go
into the weekend with the boss. Is I'm so successful

(01:30:08):
only because there's no one else out there. Sam thinks
the Warrior is a toast and he's coming into work
with us, Lulu, Lim and t. I mean, I think
more than a weekend. Anyway, You have a good one
and we'll see your Monday, Happy Days.

Speaker 1 (01:30:27):
For more from the Mic Asking Breakfast, listen live to
news talks that'd be from six am weekdays, or follow
the podcast on iHeartRadio.

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