Full Show Podcast: 29 January 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
New Zealand's voice of reason is Mike the Mic asking
breakfast with the range rover, the la designed to intrigue
and use togs.

Speaker 2 (00:09):
Deaed B, Well, do you.

Speaker 3 (00:09):
Welcome today more jobs to go ad the police. We've
got a new shipping alliance that might mean better service
and tuber prices for the country. You're going to look
at sky TV satellite issues, Sir John Key on asset sales,
given we've decided to get re exercised about all of that.
Politics wins they of course after right Richard Arnold and
Trumpsville Steve Price in the Mighty Red Land to the left.
Welcome to the middle of the week, seven past six.

(00:31):
So I'm noting I'm noting some reaction to last week's
State of the Nation by David Seymour. We have worry
about privatization. Unions and advocates want the PM to rule
privatization out. Privatization of what is a more important point?
Not that anyone seemed interested in that yesterday, and more importantly,
nor did they seem interested in the fact there is
no plan under national for any privatization and if there is,

(00:53):
it's an election away and we've got bigger fish to
fry right now, given the noise, you might have the
impression we're against privatization full stop. Now, you can't be
against privatization of everything unless you might. Opic unions argue
privatization of health, for example, would low or hurt lower
paid or poorer people. They're probably right, and in that
sense it is why the privatization debate in general hasn't
been a thing for years long. Gone are the crazy

(01:15):
old days of Preble and Douglas and privatizing everything. I
work for TV and Z when they were being shaped
up for sale, but then Helen Clark won the election
and that was that. Back then they thought they could
get several hundred million dollars for it. These days, it
isn't worth anything more than scrap, So you could argue
it serves a wider community purpose than it ever would
if you found somebody to offer a better cash for parts.

(01:35):
But ask yourself this as key. We rail really a
good government run company right here, right now, And in
that sort of example seemoa of courses right. I mean,
governments don't actually make good owners. There's very little in
government hands you would realistically argue is better run than
the private sector. That is more efficient than the private sector,
Irondy being of course for all those freaked out by health.

(01:56):
A lot of the private sector is used, of course
for public health proceeds, just no one seems to mind that.
Where Seymour won the day though, and this is important,
and where he needs to be listened to, is when
he talks about this country being at a tipping point.
The teens of thousands who have left have largely been
the bright, the go getters, the future prospects. It has
left behind a worryingly large number of people who love

(02:16):
the malaise, who love the work from home, who don't
care about the debt, who are camped out on acc
and generally aren't net contributors to the country. The immigration
surge has led to huge numbers of waiters Nuba drivers,
while the scientists park themselves in Sydney or London. The
balance is tipped the wrong way, he highlights. I would
have thought the reddest of red flags.

Speaker 2 (02:36):
Who news of the world in ninety seconds.

Speaker 3 (02:40):
Well, some level heads have prevailed in the deep seek
freak out. The market's got attack together this morning. Having
looked at the thing, It's not really the world change,
they might have thought it was.

Speaker 4 (02:49):
Something very important that's not being mentioned enough is how
it's still piggybucks on open AI's Chadjibt. So part of
what they did is they used the answers of chadjib
to train their model.

Speaker 3 (03:01):
And that's before we get to the China part of it.
Iran is backfront and seeing that this morning is that
worries allowed about some sort of attack on a nuclear facility.

Speaker 5 (03:08):
I don't think they will do.

Speaker 2 (03:10):
That's crazy thing.

Speaker 6 (03:12):
This is really crazy, and this would turn the whole
region into a very bad disaster.

Speaker 3 (03:21):
The attacks would apparently be in Israeli American if it.
Locals do hope though Trump might help them with the
economic inflation.

Speaker 4 (03:27):
Can see that day why that the prices goes up,
and I'm for sure there's not a good news.

Speaker 7 (03:32):
He's getting worse and worse for us, and working in Iran,
he's going harder and hard situations.

Speaker 3 (03:41):
So speaking of economies, there isn't one, of course, in
Gaza's thousands. Set back to the rubble.

Speaker 8 (03:45):
We say to Trump know in a million and one
knows we will stay here.

Speaker 9 (03:49):
You will stay in Gaza, he says, even if it
is a pile of rubble.

Speaker 3 (03:54):
Lenstage so I had a couple of things. One frustration
from ice in places like Chicago who aren't playing ball
over the legals.

Speaker 7 (04:00):
Were in a difficult situation here in Chicago because a
lot of the targets that we're looking at were previously
arrested by local or state authorities, and we placed holes
on many of them and they were released from the
facility into the communities again.

Speaker 3 (04:14):
And two, the Senate Commerce Committee is looking into the
business of the Panama Canal.

Speaker 10 (04:19):
Chinese companies are right now building a bridge across the canal,
and Chinese companies control container points ports.

Speaker 2 (04:27):
At either end.

Speaker 10 (04:29):
This situation I believe poses acute risks to US national security.

Speaker 3 (04:34):
Finally, the flavor of twenty five, built from the colemickmoj
blood the players in the seasonings and spices business spices up.
So this year, dominating the menu is a thing called
the ahi Amayo or r gm arilla. It's chili pepper
and native to South America. Also has fabrate notes of patient,
proud and mango. It's being responded already on vegetables in London,
oysters in Australia, and cocktails and cannona. So this is

(04:55):
the newsual the world of nineteen Pickens quick TikTok. Trump
was telling us Microsoft are and talk to acquire TikTok.
Microsoft aren't saying anything, so we'll keep your post. At
twelve past six.

Speaker 1 (05:07):
The mic Asking Breakfast Full Show podcast on iHeartRadio, how
Off My News talks Canal.

Speaker 3 (05:15):
Google have said they'll call it the Gulf of America,
and I'll also call the Narlie Mount McKinley. So he's
won on that. And by the way, speaking of Trump generally,
and we'll have Richard Arnold shortly the Budget Office at
the White House. They've paused all federal grants and loans,
so you dealing with trillions of dollars comes into affected
about eleven o'clock this morning, so more shortly fifteen past six.

(05:36):
J M I love Pandrew Keller. He good morning, Very
good BONDI Mike is the freak out over?

Speaker 11 (05:42):
Yeah, we should check in with after that big market
shift that we discussed yesterday, money, shouldn't we? So yep,
you'll end up being a significant move lover in video
and Vidia has really taken the mantle mic of the
sort of market mover on the Nasdaq index. So sensitivity
to that company is creating its own little vortex of volatility.
Really fell seventeen percent in the end. Yesterday's enormous loss

(06:05):
of market capitalization from video itself dropped the whole index lower. Look,
it's had a bounce of sorts. As we're looking at
it now, it's just over three percent up in training.
It's a bit of a paltry rebound really if you
compare it to that seventeen percent lot. I just want
it seventeen percent loss, Mike. I just want to comment
that sell off yesterday. You saw it in the Nasdaq index,
and that overflowed into the S and P five hundred index.

(06:28):
Now do they do share constituents? I thought it's insightful
to look at the Dow Jones Industrial Average.

Speaker 9 (06:35):
There's thirty stocks in that.

Speaker 11 (06:36):
The blue Chips doesn't have the semiconductor exposure.

Speaker 9 (06:40):
It gained zero point sixty five.

Speaker 11 (06:42):
Percent yesterday, So you have got big companies in the Apple, Amazon, Microsoft,
but it wasn't materially affected. So just you do need
to look at the bigger picture here, just pivoting across
to our market. Small fall yesterday zero point three three percent.
Some companies affected until fell three point six percent one
of Infantel's key investments. They are an infrastructure investor. Is

(07:06):
CDC data centers that got caught up in the concern around.

Speaker 9 (07:10):
AI and AI related exposures.

Speaker 11 (07:12):
So the value of CDC and Infantil's portfolios really boosted
the infantil share price, So you've got a recalibration, reassessment
of that share price lower. Yesterday, we had sort of
mixed outcomes across Asia. Just looking across markets generally, this morning,
the Nasdaq has bounced back just over one percent s
and P five hundred Dow Jones.

Speaker 9 (07:31):
They're in positive territory, Mike. We are in the.

Speaker 11 (07:34):
Middle of the US fourth quarter earning season at the moment.

Speaker 9 (07:37):
As well.

Speaker 11 (07:38):
This week, in the next couple of days, you've got Tesla, Meta, Microsoft, Apple.
They'll be sort of critical for short term market direction,
I think, so we'll keep you.

Speaker 9 (07:47):
Post on those.

Speaker 11 (07:48):
There's just one other little sort of issue making this
a little bit tricky there, Mics. You've got this lunar
New Year market holiday, so parts of Asia aren't even trading,
so they'll have a big catch up next week.

Speaker 3 (07:58):
Now, talk to me about the job's full job This
is do I see some light here?

Speaker 9 (08:02):
I well, look, I think we could call it.

Speaker 11 (08:06):
I think yesterday we looked at the local labor market
through the lens of job ads, So that's companies looking
for workers, so if they have, if they don't have
the requirement for those workers.

Speaker 9 (08:17):
Who get fewer job ads.

Speaker 11 (08:18):
Yesterday's stats, New Zealand released a monthly employment indicate.

Speaker 9 (08:22):
This is a different lens.

Speaker 11 (08:23):
This start looks at filled jobs that uses data from
IID from the inland revenue, so it's the other end
of a job ad.

Speaker 9 (08:29):
People have actually been added to.

Speaker 11 (08:31):
The labor force and are sitting within the income tax system. Now,
for the last decade, Mike, if I look across the
whole country, the number of filled jobs in New Zealand
has pretty much just kept marching higher. There's been the
odd little hack up, small very short retreatment retracements. That
is until last year when a significant retracement became evident.

(08:52):
So we've been waiting for the data that tells us
that retracement is abating, is flattening. Yeah, we may have it.
Two consecutive gains, albeit small, are zero point one percent
lift in fill jobs in December. That follows a zero
point two percent lift in November. Now we contrast that
to the cumulative fall from sort of March through to October,

(09:12):
which was a one point eight percent fall. So it's
not a robust rebound, but it's flattening. So we can
see evidence of numbers of tourism related hiring in there.
Just again stepping back in to some of the detail,
mir it's not been good times for young people. Compared
to December twenty twenty three, a couple of age cohorts
here fifteen to nineteen years, number of phill jobs Deck

(09:36):
twenty four compared to Deck twenty three down nine point
two percent, and that twenty five to twenty nine years
down four point four percent. So when times get tough,
does some groups more than others? The way, what are
the numbers right as we sit and look at it
this morning, So the Dow Jones is up one hundred
and twenty three points, just under forty five thousand, that's
a point two eight percent gain, the S and P

(09:58):
five hundred and six soh four evan it's up thirty
five points, which is a point five nine percent gain,
and the Nasdaq is up three hundred and twenty eight points,
one point seven percent bounds back nineteen thousand, six hundred
and seventy forts one hundred overnight gained to third percent
eight five three three. The nick afel one point three
nine percent yesterday three nine oh one six. Shanghai composite

(10:21):
is not trading. The A six two hundred dropped ten
bases ten points eight three nine nine, and the insects.

Speaker 9 (10:28):
Fifty dropped a third of a percent. As I said, forty.

Speaker 11 (10:30):
Three points twelve thousand, nine hundred and fifty seven the
currency's KEYMI dollar against the US point five six five
nine point nine oh sixty three against the ossie point
five four to two nine euro point four five point
four against the pound eighty eight point one one. Japanese
en gold fairly steady two thousand, seven hundred and fifty
nine dollars, as is oil seventy six dollars and ninety cent.

Speaker 3 (10:52):
Can Chapter Morrow Andrew kelliher Jmiwealth, dot Co, dot m
Z pasket globally gm overnight market didn't like it, but
top and bottom beat x pigations bullish on the year.
They think they'll sell more cars, which is good and
if you follow the Kraka sales two point four million
yesterday that was a record highest price Philly ever sold
in this country. The daughter of suber Bill. If you

(11:12):
guys watching a video and somebody goes, oh, when you
come to the races, you got to buy a Sada bill,
sort of like when you you know, got to go
buy a Burken or something. Anyway, there were a lot
of interest in our bloodstock, which is good from New
Zealand and Australia, South Africa, Japan, England, Netherlands, Hong Kong,
so the sales seemed to be going well. Six twenty
one Here at Newstalk ZMB.

Speaker 1 (11:37):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by the News.

Speaker 3 (11:42):
Talks b Mike Welcome back. US government needs to refinance
ten trillion of maturing debt a further two to three
trillion to fund the twenty five budget deficits, so that's
thirteen trillion in total. Who buys the debt normal normally,
I'd argue that's a pretty good question, but currently that
never ceases to amaze me just how much appetite there
is there out there in the world at the moment
too were financed debt, they seems, so every time our
government goes to the market, there's more than enough people

(12:03):
who want to buy the debt, So I don't think
that's actually a problem, morning, Mike. Surely the big question
of the day should be why the hell are we
giving one hundred million dollars a year to Kirabas, Steve,
We're not. It's thirty million. The number your quoting's twenty
one through twenty four to thirty million dollars a year.
It's called aid. It's part of our role in the Pacific,
and it's a story we should be following more closely
because Kirabas Nauru to a lesser extent, I suppose Solomon

(12:25):
islands the battle with China. I want desperately Peter's to
be right, because he argues that we're good mates and
they'll look after us and we look after them. It's
not happening. And so this spillover you've got with Kirabas
at the moment and Peter's is interesting, to say the least,
six twenty.

Speaker 1 (12:42):
Five trending now with the m'sware house, the real house
of frequency.

Speaker 3 (12:47):
I think we're losing the battle, is what I'm saying.
From our everything's a conspiracy file. NFL right, so NFL ratings,
as I've told you through the roof these days, but
there are going claims it's rigged. So they've looked at
different Elgarith thems that look at people's comments online, talk
show host comments, online, listening numbers to determine that people
have been more skeptical than ever about this league. A

(13:08):
lot has got to do with the chiefs, Kansas City
Chiefs and the perceptions of the referees numpires help them win.
There are after a three pet of course, with the
super Bowl come February. The commissioner, Roger Goodell apparently likes
the Chiefs, so there's a conspiracy. The NFL wants to
see Taylor Swift at the super Bowl. There's conspiracy theories,
a lot of theories, none of which, of course are real.
None of this is true. But when do that stop us? Anyway,

(13:29):
Bill burswaded, we're.

Speaker 12 (13:30):
Going into like an unprecedented time of that on all
sports or whatever. So I'm not just singling that out.
I don't give it. I don't care about about that stuff.
But I'm just saying, like it's a business. Yes, it's
a business, and you got to look at still like
they I don't think it's fixed. I think it's massage.
There's definitely more backrobs on one side than the other.

(13:52):
I mean, I don't know, like, do you know what
kills me? Maybe one guy says there is a first
down and the other guy says it you know which.

Speaker 2 (13:57):
Way it's going to go.

Speaker 12 (13:58):
Somebody's sitting there going, here's my chance to get that massage.

Speaker 2 (14:01):
Because again that's what that's I just think.

Speaker 12 (14:03):
You know, where is the money, Like, come on, man,
they got they got they got all the stars, they've
got Taylor Swift.

Speaker 13 (14:07):
I mean, that's going to be a lot.

Speaker 12 (14:09):
Like it's rare. It's a business. Why are they an
entertainment league? Why aren't they a sports leg.

Speaker 3 (14:16):
So it goes by the way, if you're interested in aviation,
Boom SuperSonics XP one. As far as I can work
out as up in the air as we speak, what
is this, Well, i'll tell you more about it in
the moment. It is at the stage of prototype. It's
the new Concord. They've been building speed doing test flights.
They think within a decade they can get back to
the Concord type commercial operation. They're looking this morning as

(14:39):
of right now, to do MAC one point one. So
we'll see how that goes. More details shortly, then we'll
go to the States and Richard Arnold in the next
half hour and this new we're looking at this new
shipping merger or alliance if you like, and what it
actually means for the New Zealand to commy all of us.
And more still to come after the news, which is next.

Speaker 2 (15:00):
We've been stateful.

Speaker 1 (15:01):
They were then engaging and vitally the mic asking breakfast
with Bailey's real estate, finding the buyers. Others can't use
togs headbs.

Speaker 3 (15:10):
They've just ticked off in the Senate Sean Duffy. He
will be Trump's transportation man. So that's encouraged. I think
they'll get them all done eventually. So the concord just
back to my fascination with the boom supersonic test flights
that were taking place over the Mohave Desert in the
last couple of hours. They were successful. There were three
times they cracked the speed of sound, so that's good.
MAC one twelve hundred and thirty five K's. The important

(15:30):
point is this was a prototype. They want to make
a thing called the Overture. They think by next decade,
in other words, five sixty years away and they'll take
sixty five passengers on that plane, which will give you
some sort of indication as to how expensive the ticket
will be. They will eventually, they claim, produce thirty three
aircraft a year, and double that when they get a
second assembly line added. This was all taking place in
the same airspace that Chuck Yaeger broke the sound back

(15:52):
in nineteen forty seven originally. So they want to go eventually.
So they've cracked Mac one. They want to go to
one point seven before they commercial, so we wish them
well twenty three minutes away from seven. Speaking of technology,
the American market seems, as Andrew told us a couple
of moments ago, to have got over themselves this time yesterday,
of course, to freak out over Deep Seek was on

(16:12):
as cheap and cheerful AI to all out of China,
but took a lot of as my surprise, New Zealand
superannuation from that took a hippy yesterday. In video, of course,
of at Bath Craig's Investment Partners Director Mark Lister is
with us on this. Marke, Very good morning to you.

Speaker 9 (16:26):
Morning Mike, hey going.

Speaker 3 (16:27):
Well, thank you. What do you make of yesterday when
it unfolded.

Speaker 14 (16:31):
It was a pretty big day, wasn't it. I guess
what was interesting was the reason for the moves, and
I guess the concentration of the moves, you know, deep
seeks model. What surprised everybody is that it seems to
run on less advanced chips and they can seem to
do it with lower costs.

Speaker 2 (16:48):
So I guess.

Speaker 14 (16:49):
That's a good thing and a big picture sense. You
think about productivity, you think about some of the advancers
with AI overall. But not great for Nvidia because they've
obviously built a biness about selling these very very speedy chips,
and with that stock having become the biggest in the
market and having had a cracking run these last two years,

(17:11):
it took a bath, as did anything in that semiconductor space.
So a bit of a recovery today. But yeah, definitely
interesting what you're seeing out there.

Speaker 3 (17:19):
So what have we learned about in video? Are they
gouging the market and ripping us off or they just
don't know what they're doing compared to the Chinese when
it comes to making stuff.

Speaker 14 (17:28):
Now, I don't think it's that. I think it's that
the AI models, if these Chinese ones are everything they
claim to be, they will be able to run on
less powerful chips and obviously within video which remember it
was up two hundred and forty twenty twenty three, then
it was up another one hundred and seventy in twenty
twenty four, So it's been a stellar run, and that

(17:50):
share price is baking in a huge amount of growth
on the assumption that everyone will need to buy these
really grunty chips to make all this new AI stuff work.
It's not the case an is AI that can run
on slower chips and it's more efficient. Then that growth
comes into question, which means the share price is potentially
a little overcooked.

Speaker 3 (18:11):
So how much of that So it's a two part question.
How much of the nvidio's story in general is based
on just sheer hyper noise, kind of like Tesla stock
versus when you look at Deep Seek yesterday, it's all
pro Chinese. It doesn't work that well anyway, It's a
bit basic. So what are we looking at? Are we
looking at the possibility or we looking at reality?

Speaker 14 (18:31):
I think that's one of the questions that we don't
know the answer to just yet. To be honest, the
deep Seak stuff it does look hugely exciting and some
of the independent tests also support what they're telling us.
But it was a bit of a knee jerk reaction
and I think you know in video is not going
to become Beta Max overnight, is it. They've still got
a very strong business, Their products are exceptional, and I

(18:54):
think there's still is a real need for them. It's
maybe just become a little bit more vulnerable because of
the sheer strength of its sheer price performance.

Speaker 6 (19:05):
Over the last year or two.

Speaker 2 (19:07):
So time will tell.

Speaker 3 (19:09):
Always a pleasure Marke appreciate it. Mark Lister, Craig's investment
Partners directed nineteen minutes away from seven Paski which we
got a French language AI chatbot, which was of course
backed by the French government, signed off by Macron no less,
a Linigora group, part of a consortium developing a model
called Lucy. It remains an academic research project in its

(19:30):
early stages, released prematurely unfortunately because what happened yesterday. It
was all embarrassing asking the chatbot to tell them about
cows eggs, and it said cows eggs, also known as
chicken eggs, are edible eggs by cows. Cows eggs are
a source of protein and nutrients and are considered to
be a healthy and nutritious food. Then they asked her
to multiply five by three plus two. The answer, of course,

(19:52):
is twenty five. She said it was seventeen. Also said
that the square root of a goat is won So
Macron just pile the fifty four billion euros into that.

Speaker 13 (20:02):
So are you saying that the square rid of a
goat is not one?

Speaker 3 (20:04):
It's going well, isn't it. Eighteen minutes away from seven.

Speaker 1 (20:08):
The mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 3 (20:13):
It'd be just before we leave aviation. I note that
Boeing were trying to talk themselves up to the markets,
but we got an eye opening figure just to give
you an indication as to how bad it's got for Boeing.
A dreadful year by any measure is what they're saying.
But they lost nearly a billion dollars a month every

(20:33):
month last year sixteen to two.

Speaker 1 (20:37):
International correspondence with Ends and Eye Insurance.

Speaker 2 (20:40):
Peace of mind for New Zealand business.

Speaker 3 (20:42):
The State Riginal, Happy New Year, How are you, thanks, Mike,
Welcome back, No worries, Deep sick. Yeah, there's a lot
to this.

Speaker 8 (20:49):
As you just started to discuss Wall Street, is I
guess sort of spelling what happened? Angsting a bit over
what's next? You know there there is a slight improvement
in the stop price for Nvidia, this maker of some
of the chips are up a few points on the market.
But against that backdrop where that company saw what some

(21:09):
six hundred billion US of its market value disappearing their
boss and Jensen Wang saw his net worth four by
twenty one billion US dollars only money, right, and all
the thanks to were this Chinese startup Deep Seek. So
instead of worrying about TikTok dance videos and the Chinese
tracking folks who watch those things, and now a little
bit concerned about AI chips that match the performance of

(21:30):
the American versions had a teeny tiny fraction of the cost.
All this has drawn the focus of President Trump now
who says.

Speaker 15 (21:37):
The release of deep Seek AI from a Chinese company
should be a wake up call for our industries that
we need to be laser focused on competing to wind.

Speaker 8 (21:48):
So instead of rounding up Mexican farm workers dicking about
buying greenland and kicking trans people out of the military.
They are worried now that the US could lose its
technological edge. Sam Altman, whose company created chat Ji, says
he is impressed by the scrappy Chinese version. He's been
warning about some aspects of the spread of AI technology.

Speaker 3 (22:07):
This will be the greatest technology humanity has yet developed.
We do worry a lot about authoritarian governments.

Speaker 8 (22:13):
Well, Republicans speaker Mike Johnson is pointing some fingers at
Beijing with it all.

Speaker 16 (22:18):
They abuse the system, they steal our intellectual property.

Speaker 2 (22:21):
They're now trying to get a leg up on us
on AI.

Speaker 8 (22:24):
Yeah, that sort of verbal swiping isn't going to change much,
is that. The Chinese company says that their version was
developed for less than six billion US dollars. They say
they use cheaper chips, less energy. That investment is a
fraction of the some spent by Silicon Valley, Google, Meta
and open Ai is said to be putting together reviews
to find how they're being beaten. The American companies already

(22:47):
have spent tens of billions of dollars putting together the
infrastructure they thought was needed for the next step. Open
Ai just announced a five hundred billion dollar joint venture
with Oracle and soft Bank. So why would anyone want
to pay high price for high priced American models when
a Chinese version can do much the same for pennies
or at least almost the same thing. You know when
you ask the Chinese version what happened at Tieneman Square

(23:09):
where protesters fought Weare's officials in nineteen eighty nine and
where the Red Cross estimates around twenty six hundred people
were killed.

Speaker 17 (23:16):
Deep seat replies.

Speaker 8 (23:17):
Quote, I am an AI assistant designed to provide helpful
and harmless responses. Then it reviewses to say anything further.
So fake news cover ups history rewrites government propaganda. We're
in a new age, aren't we.

Speaker 3 (23:30):
We are indeed probably proof that sanctions don't work on either.
Now this train incident with the person push and where
are we at with that boy?

Speaker 8 (23:37):
This is interesting. We're hearing from the man who suffered
what must be one of the ultimate New York night
Miss Joe Linsky. We're standing on a subway platform waiting
for his train, which was just moments away, when a
random guy came up behind him pushed him violently onto
the tracks. As a witness, it.

Speaker 18 (23:51):
Was absolutely valent just pushing him onto the tracks. The
man screamed as he was following.

Speaker 8 (23:57):
Well, Joe Linsky says, with a second or two, the
train was right on top of him. Somehow's he survived.
He says, he thought.

Speaker 2 (24:03):
I've been pushed and I'm going to die.

Speaker 3 (24:05):
Well, he came close.

Speaker 8 (24:05):
He had a factured skull, four broken ribs, of ruptured spleen,
and concussion. He was also about a thum's lengths away
from the electrified third rail, and if he touched that
thing he would die instantly. Somehow, two subway rescuers came
to his aid and managed to pick him off the
track between cars, and when that witness heard that he
had survived, she burst into tears. Simply couldn't believe what

(24:26):
was going on.

Speaker 4 (24:26):
I don't know how, I don't know, I don't know how.

Speaker 8 (24:30):
Yeah, no one knows. Joe Lynsky still is recovering, while
his random attacker is twenty three year old fellow long
criminal record who now is charged with attempted murder and
is pleading not guilty. Seriously, there is stationed video of
this whole horror story in Lynsky says he has few
thoughts about that man who almost killed him. He says
he wants to focus on his future.

Speaker 2 (24:47):
So impressive.

Speaker 3 (24:49):
Seere Friday, Richard Arnold stateside, by the way, just before
we leave the States, do J the fired a whole
bunch of officials that went after Trump. Jacksmith gone, of course,
But those people who chased them down for Washington, Gen
six and the business of the papers in South Florida,
they've tracked a few of those down. They've lost their job.
Executive order on the US military, those who got sacked

(25:10):
or had to leave because of the COVID nineteen vaxine.
The mandates they will getting back in and they get
back pay, full back pay and benefits. So that's interesting.
And he also wants to sign an executive order on
an iron dome. Very Israeli sign it up on an
iron dome. The DEI things going. Do you think the DEI?
Quick question? Do you think the DEI phase we can

(25:31):
thank them for if it ends completely? Because you see
all the companies are from Harley Davidson to Target to
Walmart and all of them are backing out. Now, do
you think we'll look back on the DEI era as
a complete and utter act of foolry or not get
away from.

Speaker 1 (25:45):
Serven the make Hosking breakfast with the Range, Rover Villa
news togs, dead b.

Speaker 3 (25:51):
Mike Hark and Hipkinsay nationalist driven the New Zealand economy
off a cliff with the straight face, he's the arsonist
blaming the fire on the firefighters. Finally, should say that
I was watching Parliament yesterday and I thought to myself,
it's I would run that line if I was him,
because anyone with the brain, of course, knows full well
the reality and this lot have inherited his disaster. But
not everyone has a brain, and if you say it

(26:13):
often enough, it's entirely possible you'll full a couple of people.
But I was going to raise that with Mark and
Ginny after eight o'clock. Mike, my Ferrari shares are going
nowhere at present? Have you got a view?

Speaker 5 (26:22):
Well? I do.

Speaker 3 (26:22):
Indeed, over the last six months, I know Ferrari shares
are up about eight percent, but on the year they're flat.
Will Lewis Hamilton drive them back to the front of
the grid and help sales? Fair question? No, So I
don't link Hamilton with shares in any way, shape or form.
What they do on the track has got nothing to
do with what the shares do. What the shares do
is based on whether or not there's a lot of
people with a lot of money you want to buy

(26:43):
flash carts. And Lewis Hamilton. I was watching him last week.
He was at Marinello doing some testing, very limited testing
because there are weird rules that basically mean you can't
do a lot of testing. He's got to be in
an old car, he can't use specific tires. So we
went round around. Huge crowd, turn massive crowd turned out
the photo. Look it up if you never saw it.
He was wearing Ferragamo and he had a sort of

(27:06):
a Godfather photo shoot in front of an F forty
in front of Enzo's old house. And that is the
most light loved shared Instagram photo of F one in
the history of F one. And he made a black suit,
double breasted with an overcoat look quite cool anyway, So
I wish him well for the season. It'll be. It'll be,
and I think everyone agrees the most exciting IF One

(27:30):
season in decades, five away from seven, all.

Speaker 2 (27:35):
The ins and the ouse. It's the fiz.

Speaker 1 (27:38):
With business fiber, take your business productivity to the next level.

Speaker 3 (27:42):
But I've got an ipsoft survey on housing. This is
international stuff, twenty two thousand people, thirty countries. It's all online,
So could it be as dodgy as all hell? Anyway?
So what have we got here? As far as we're
concerned New Zealand, seventy four percent of us feel our
parents had it better in terms of finding a place
to buy a rent, which is probably true. That's up
to eighty one percent of your under thirty five. Under
thirty five miserable as second highest in the world, behind

(28:03):
the Netherlands and above the global average. You see, smoking
that marijuana does nothing for you in the Netherlands, even
if you smoke a lot of marijuana at the cafes,
and you're still not more optimistic about your housing prospects.
Are you large countries above the global average in general?
In other words, large countries have expensive housing. Under thirty
five is not happy in your large countries Australia eighty percent,
US seventy four, Canada seventy two, the UK seventy one.

(28:25):
Back here, seventy seven percent of US think young people
have a hard time affording their own home, even if
they're working hard in a good job. Two thirds of
renters don't believe they'll ever be able to afford a
home of their own. Chris Bishop wants to make it
all affordable, of course, but the surveys found that's fifty
four percent of us think the government's on the row
on track to making housing affordable. How does the government
make housing affordable? I mean short of the government going

(28:48):
will pay your mortgage. I mean think about the forces
in play. Number of houses. They can probably affect the
number of houses, interest rates that's reserved bank. They're independence.
I mean this whole business the government got themselves poked
into the business of we'll make housing affordable, knowing full
well they never can. Anyway, we are overall, you'll be
thrilled to know housing aside happy. Seventy three percent of

(29:10):
us are happy with our current living situation. Fifty seven
percent of renterer say they're happy. Global average is only
forty seven percent, So if you're a renter here, you're happy. Comparatively,
forty seven percent believe house prices increased last year. Wrong,
They didn't mind you on individual stories versus averages. Always
be careful. We prefer a detached house in suburbia. See's
why you can't afford a house, because I'd like to

(29:32):
detached house in suburba with a wine cellar and some
windoor outdoor flavor, and I can't have ruled one. We're
not too keen on living in the unier city. Well
there's your problem. Get a one, Betty, and stop whining.
News for you in a couple of moments. Then we'll
talk to the police commissioner about more jobs, their executive jobs,
going more details for you shortly.

Speaker 2 (29:52):
News, opinion and everything in between.

Speaker 1 (29:56):
The mic hosting Breakfast with a Veda, Retirement, Communities, Life,
your Way, news togs.

Speaker 3 (30:01):
He'd been well seven past seven. Some more jobs to
go at the police thirty seven executive roles this time,
although when you add it all up, it's a net
seventeen loss comes out of comments apparently last year that
a restructure was needed. The Police Commissioner, Richard Chambers is
with this. Richard, very good morning to you.

Speaker 19 (30:16):
Good morning Mike.

Speaker 3 (30:17):
Now for those losing their job, very said news obviously,
and that applies every time it happens. But a net
seventeen's hardly the end of the world. And something the
size of the police.

Speaker 19 (30:24):
Forces, we're a big organization and who've got a massive
job to do. But I said on my first day
in this role at the end of November that you
know there would be a restructure restructure at some point.
I outlined my priority is very focused on the front line,
and this proposal was about me saying to the organization
and externally what I think we need going forward and

(30:46):
invite some feedback on it.

Speaker 3 (30:47):
So with a net seventeen loss is this is surely
it is not about money. It's about organization, isn't it.

Speaker 19 (30:53):
Yeah, absolutely it's not. But this opportunity does allow us
to reinvest in the front line, being very clear that
that's a particular priority for me. Supporting our front line.
They are the men a woman who deliver police services
across the country and I believe by trimming down the
executive and putting the resources into the right places that
we get better outcomes.

Speaker 3 (31:13):
So what does the next seventeen lost financially mean for
the front line in terms of numbers, then I.

Speaker 19 (31:18):
Haven't quantified that, but as part of my priorities, I've
said that supporting thistline in terms of this safety and
their well being is two areas that I'm particularly interested in.
They've got a tough job to do. And so by
trimming down the executives and reinvesting those savings into districts
and supporting district commanders since we possibly can be that's
what they deserve and that's what they'll be getting under

(31:39):
my leaders What.

Speaker 3 (31:39):
Did the executive do? I mean, we think of police,
we think of front line? What do the executive actually do?
Is it like any other business you need an executive
to do something?

Speaker 19 (31:47):
Well, yes we do. Of course we need senior layers
of leadership. I believe that it's bigger than it needs
to be. So by trimming it down and putting that
if into other parts of the organization, we still can
deliver on our function as senioratives. We need to understand
what policing looks like across the country, the challenges they face,
and our job is to enable the front line. So

(32:08):
this is about, you know, putting emphasis on my priorities,
about a visible leadership, and it's about being connected. So
we'll trim it down, look out there and.

Speaker 3 (32:17):
We'll good luck with it. Richard Chambers, Please, I appreciate
your time a z Aways Police Commission. At the moment,
it's past seven past I'd have some good news. By
the way, the first press conference of the White House
is underway. Caroline Lebertt is conducting that we'll have something
for you in a moment, good news, possibly from the
old supply chain. We've got to tie up between Hapak,
Lloyd and MESK. So what does that actually mean for

(32:38):
this country? Mainframe Managing Director Don Braids with us darn morning.

Speaker 19 (32:42):
Yeah, morning, Mike.

Speaker 3 (32:44):
Have you gone well? Have you got a sense of
what this looks like and how it will unfold given
I'm assuming this is not the first time we've had
an alliance.

Speaker 17 (32:52):
No, there's three major alliances in the world. This is
just a change of the seats. Emmy c I have
decided to go along alone. So it puts mrskin hapag
Lloyd together in a thing they're calling the Gemini Corporation.
I'm not sure that that means cheaper freight rates. It
mostly operates on the east to West corridors.

Speaker 6 (33:12):
Anyway.

Speaker 17 (33:14):
What might be the answer for cheaper freight rates is
that if the Red Sea reopens, then we get quicker
and faster, more capacity across the world. In terms of
the service canal opening.

Speaker 3 (33:27):
What do you reckon the chances of that happening are.

Speaker 2 (33:31):
Low.

Speaker 17 (33:33):
It's still unstable up there, isn't it.

Speaker 3 (33:34):
And I mean I was surprised that there isn't more
interest in it. When it started and I was watching
these people land from helicopters on the ships. I thought,
surely someone's going to come and do something about this,
But they don't seem to it.

Speaker 15 (33:48):
No.

Speaker 17 (33:48):
I think they're running protection more than anything else for
those vessels that are still transitting through there. But the
shipping lines found an alternative route, which is longer, of course,
which reduced capacity, which keep the freight road tie. So
that's in the interest of the shipping lines, isn't it.

Speaker 3 (34:03):
It isn't need all right, So that's the Red Sea.
So we're not going to solve that as far as
this alliance is concerned. What about the business of being
on time? Does anything improve out of this for us specifically?
Or we don't know yet.

Speaker 17 (34:15):
I don't think we know. It'll take a long time
to settle down. I think some of those port rotations
are still in the old alliance, so it'll be May
before we'll actually set operating, and it'll run on the
trans Pacific and into Europe, so it'll be Asia to
the States and into Europe, not necessarily affecting New Zealand
or Australia. So you know, we'll be part of a

(34:37):
transhipment service of that particular service if anything.

Speaker 3 (34:41):
Okay, I was reading somewhere this morning that there's a
target of ninety percent on time. Currently it's fifty five percent.
Is that true? In other words, it's about half of
it turns up on time, half it doesn't.

Speaker 17 (34:53):
Yeah, and we thought Kee we Rail were bad, right,
that's exactly right. And at fifty five percent, that's poor.
And I think that rather than the shipping line, that
comes down to congestion at ports and a lot of
congestion and Singapore we've still got a lot of congestion
right now with Chinese New Year and the Trump teriff

(35:14):
tnage that's been moving. So you've got a lot of
congestion and Chinese ports right now, and that's what slows
those transit times down.

Speaker 3 (35:20):
Good insight, don't appreciate it as always. Don Brod Main
Freight Managing Director. Twelve minutes past seven. This is your
Trump pre Secretary, Carolyn Leavitt.

Speaker 18 (35:28):
President Trump is back and the Golden Age of America
has most definitely begun. The Senate has already confirmed five
of President Trump's exceptional cabinet nominees. It is imperative that
the Senate continues to confirm the remainder of the President's
well qualified nominees as quickly as possible. As you have

(35:49):
seen during the past week, President Trump is hard at
work fulfilling the promises that he made to the American
people on the campaign trail.

Speaker 3 (35:57):
It's Briethy, that'll be nerves. She's how old is she?
Twenty seven? Twenty seven, twenty seven? So you're assessment, Glenn,
and will put this on the record. He gives her
five minutes. She's going to get eat in the live body.

Speaker 13 (36:08):
It's going to give Sean Spicer a run for it.

Speaker 3 (36:10):
Okay, we'll see how long that lasts. By the way,
can I tell you how ropable I am? This morning
yesterday on this program, the Prime Minister I was lamenting
the lack of action from this government on a variety
of things, not least of which is the road I
used to go north to the country each weekend. And
this is not just about me. There's hundreds of thousands
of people who do the same thing, and many of
them come in the opposite direction as well. It's called
State Highway one. It's a beautiful piece of new road.

(36:33):
And they said to me in Brown, Minister of Transport
now Minister of Health. Of course, Siman Brandt said, oh,
we'll make that one hundred and twenty. No worries at all,
And why wouldn't we There's multiple lanes as medium strips
in the middle. No one's ever going to crash, no
one's ever going to get hurt. Is it one hundred
and twenty? No, it is not one hundred and twenty.
So anyway, I lambassad the Prime Minister for that yesterday
and blow me down, Blow me down if there isn't
an announcement coming this morning on the increase of speed

(36:56):
limits around a whole lot of roads all over this country.
State Highway one, Carma Bypass, State Highway one, fung Array,
State Highway twenty two at Pirrata one Sea, Hamilton, State
Highway three, Hamilton, State Highway twenty six, Hamilton. So a
lot of announcements coming today on increasing the speed Love it, Hellelujah.
Is my road included? No? Now it is not one

(37:16):
of the busiest, most beautifully built, safest roads in the
country indeed that you will ever see remains at one
hundred k's with cops sitting on it, pulling you over
for one hundred and four gaining revenue, while the government
sits and does god knows what.

Speaker 13 (37:32):
But to be fair, you did say to the Prime
Minister yesterday, don't do things just because I tell you
to do things.

Speaker 3 (37:39):
That's true, and that's why he stiffed me this morning.
On these rays. He's gone through every road. He's going
to increase the speed of every road this morning, sept Mine.
But anyway, for those of you who will be affected
positively by this announcement coming later on this morning, it's
a good day. Fifteen past seven.

Speaker 1 (37:53):
The High Asking Breakfast Fall Show podcast on iHeartRadio powered
by News Talks That Be.

Speaker 3 (37:59):
So John Keon and I set sales in about fifteen
minutes time. Seventeen past seven. So the business of SkyTV
and it's increasing number of unhappy customers over satellite issues.
We've got an old satellite moving out of position apparently. Anyway,
Sky CEO Sophie Maloney's with a Sophie morning me mate,
how are you doing very well? Thank you? From my
reading over the holidays, this was going to happen anyway.
It's just happened a little bit faster. Is that correct

(38:20):
or not?

Speaker 20 (38:22):
Yeah, it's happened in an accelerated time frame. We've got
notice at the start of the financial year that we
had seven months less than we thought, So that's meant
we've had to adjust our plans and we're on target
to migrate to the new satellite that Optors is providing.
We need to be done by May, but we're now
targeting early April.

Speaker 3 (38:40):
And will it be done by early April or are
you targeting early April?

Speaker 20 (38:44):
It will be done by early April.

Speaker 3 (38:46):
So if whatever is happening right now, by April it's fixed,
does that make it right between now and April or not?

Speaker 15 (38:52):
No, it does not.

Speaker 20 (38:53):
And I'm very sorry for the experience that a number
of customers have had during this period. My team and
I working very hard to make sure that we are
managing the signal interruption as best we can, and we
know there've been a number of issues and we're deeply
sorry for that. We care about delivering a great service. So, yes,
it's another couple of months. We are making some fixes

(39:15):
from a technical perspective that we think will help with
the signal strength, but we're very sorry for the experience
and a number of those times.

Speaker 3 (39:21):
Is this on you? I mean it is on you
because I give you money, But is it on the
people who supply you the satellite? They've let you down,
haven't they.

Speaker 20 (39:29):
Well, Mike your spot on that. It's our responsibility to
deliver for our customers and we are, Yes, we've got
issues with some of our partners in terms of the
time phrases delivery. Optis is dependent on other partners as
well for this delivery and it was certainly not what
we anticipated at the start of the year that we'd
have to do it in this accelerated time frame, which
is why we're seeing some of these signal interruption issues

(39:51):
that we just couldn't have foreshadows.

Speaker 3 (39:52):
Are you caught in an old tech ish type world
in a world of streaming where we're talking about satellites
wandering off and running out of petrol and all that
a bit old world to me.

Speaker 20 (40:03):
It's all about customer choice. We obviously have IP delivered products.
We have our skydough which is there as an app
for all of our Skybox customers to use every day,
particularly if there are any satellite issues, but no, we're
confident that once this new satellite is in space in
the right place, that customers will be able to enjoy
the experience that they're used to from us. But of

(40:24):
course it's about customer choice. If you want to consume
viron app, you can skysport now Neon two that we
offer up. So for us, it's always about customer choice.
Make some customers do like satellite. And if you've done
a roadie around New Zealand recently, you see the number
of satellite this is. It remains a really important delivery mechanism.

Speaker 3 (40:41):
It is true. All right, nice to talk to you.
So ifhi, you're wishing the best with it. Sophie Maloney,
Sky TV CEO Mike Hellalujah. They increase the cavity bypass
to one hundred and ten before Christmas, but transmission gully
like your road is still one hundred with everyone going faster.
And that's a very very good point. When it's been
announced it's going to be something and it isn't. People
just jump to it anyway, and that lies the problem.

(41:02):
Seven twenty, the.

Speaker 1 (41:05):
Mic Hosking Breakfast Full Show podcast on iHeartRadio, how It
by News talk Zippy.

Speaker 3 (41:11):
Now Chemist's Warehouse since they opened the first store at
some Luke's back in twenty seventeen. Despite changes the legislation
of course, surrounding the reinstatement of the five dollar prescription charge,
their commitment is unwavering to offer free scripts in every store,
every day. So the Chemist's Warehouse commitment will continue this
year twenty twenty five, and the promise to be affordable
and accessible healthcare for all New Zealanders still at the

(41:32):
forefront of everything they do. So whether you're in Tawonga
or Timoru, Chemist Warehouse team of pharmacists will be there
to help you take on the day, and from Christjs
to Cambridge, you're local Chemist Warehouse pharmacists is going to
be there till late and ready in waiting to offer
you and your loved ones friendly advice when you need it.
Most so for free scripts in every store, every day,
and for trusted advice when and where you need it.
You come on home to a Chemist Warehouse and find

(41:53):
out more and chop the unbeatable Chemist Warehouse range you
go in store here online and remember stop paying too
much Chemist where asking seven twenty four are the good
people at one roof were hinting at it the other day.
They were reacting to what I know to be a
bit of buzz within the regal estate community that the
government are going to move on foreign buyers this year.
So I talked to a lot of agents and they

(42:13):
range from telling me at the moment it's on, governor
are going to move, to those who hope it's on,
to those who want it to be on but aren't
holding their breath currently. If you don't know, you can
buy a house if you're an Australian or a Singaporean.
Apart from that, there are hoops and hurdles for some
foreign buyers, but mainly you're blocked. This, of course, is nonsense,
and National had a very elegant solution that carved out
house prices under two million dollars, which is the vast

(42:36):
majority of sales. Of course, so if the American who
wanted to open a company, invest in jobs and bring
some expansion to the country, they could also fork out
nine million dollars for a lovely place at Lake Hayes. Winston,
of course, was having none of that, so we're stuck.
The hope is Winston can be moved. The rumor grows
that Winston might be about to be moved. I hope.
So the latest word is five million. So in other words,

(42:57):
five million or above, anyone is well welcome to buy
a house in this country. What we had, I mean,
what we have to fear from that? I got no idea.
What we know for sure is we are desperately short
of money. We've got a pile of work that needs doing,
and we need all the help we can get. In
my area right now, there's a handful of ten million
dollar plus houses for sale. They've been on the market
for over a year. They haven't sold because no one

(43:18):
here has that money for a house, and those who
do already have houses open the foreign investment door, they
would be snapped up. We either want to do business
or we don't. We're either open to the world or
we aren't. The irony for me is Peter's of all people,
in his role as Foreign Minister, seems to get that
as much, if not more, than anybody else, and yet
on housing he remains the xenophobic old relic he played

(43:39):
so well twenty years ago. Let's hope the year brings
a bit of enlightenment, ay, and we can at last
and at least get on.

Speaker 2 (43:46):
With it Osky.

Speaker 3 (43:47):
Glen's disappointed in Caroline so far, she's only receiving the
patchy questions. So she's holding up nicely. So we'll keep
you posted on that. Sky Mike, bring back the Kiwi
based crew dealing with people in the Philippines as a nightmare. Well,
that's got nothing to do with satellite. Person of the
Philippines isn't going to fix that. But I take your
point and I tend to agree with you morning Mike.
You should tell the Sky lady to listen to Marcus
last night. I'm sure she was. There's a lot of

(44:09):
old people who aren't who are getting dud service or
being ignored Mike. So by early April we will have
been without Sky for six months. That's more than six
hundred dollars and fees for those service. Is it one
hundred dollars a month for Sky? There's a lot of
money for Skies.

Speaker 13 (44:21):
Well that's there would be a very low amount.

Speaker 3 (44:24):
Would it.

Speaker 9 (44:24):
Yeah?

Speaker 3 (44:25):
Okay, sorry, sorry, doesn't cut it. Sky's very in New Zealand,
isn't it. When you think about it, there are certain
companies in this country that, no matter what they do,
no matter how hard they try, you cannot wait to
hate them. And Sky's one of them. Any New Zealand's
another one. Mike, they've had problems for months. Bullshit, Jeff says,

(44:47):
see what I mean, probably says the same about in
New Zealand.

Speaker 13 (44:50):
Mind you don't get now that now that lady who
rang up about people swearing on the radio earlier this
morning is going to ring up again.

Speaker 3 (44:55):
It's a quote I'm quoting. You can't ping me for
quoting somebody, you know, a quote.

Speaker 13 (45:00):
When you give out that person's number so that she
can just bring them, you.

Speaker 3 (45:02):
Can ring Jeff can play a cham Sir John Key
on these assets sales. I mean, is this even an issue? Yeah,
just because somebody goes we might think about it in
a year and a half's time, suddenly we all go
up epilectic about it. But anyway, so John keep.

Speaker 1 (45:19):
Shut can New Zealand's home for Trusted News and Views.
The mic Hosking breakfast with the range Rover villa designed
to intrigue and use togs dead b.

Speaker 3 (45:30):
A lot of dis looking to the Anderson after Mike,
they should bring it a stamp duty twenty percent for
foreign house buyers. Easy fast and effective could easily target
locations and types and value and stuff. We'll talk more
about that later on the program, I mean, but on
on the program meantime at twenty three minutes a way
from mate. It started last week with see more State
of the Nation's Speech. Are now is back in a

(45:51):
back to the future sort of way. We're suddenly debating
potential asset sales all over again. National may or may
not go into the next election, presumably along with act
on a platform of set off some of the state.
Excuse me, silver web. Last time we did this, of course,
was under John Key, who as with us. Very good
morning to you, morning mate. I'm kind of reluctant to
even talk about this. Don't we have a bigger fish

(46:12):
to fry in this country at the moment.

Speaker 6 (46:14):
I'd probably say is look in the scheme of things,
we want the boat to go faster. There's a million
things you can do from cutting bureaucracy and texas and
you know, making the more promissive society, better foreign investment,
all those kinds of things. If you want my view,
they'll make the boat go a lot faster than a
few s. It seals, because frankly, there ain't a hell
of a lot to sell.

Speaker 9 (46:35):
Good.

Speaker 3 (46:35):
I'm glad you said that because I was trying to
work out what we would sell. Somebody says Land Corp.
But I mean beyond that, what's left of genuine value?

Speaker 6 (46:43):
Well, unless you went down we sold fully time center
of the gen Taylor's you know, the contacts and Genesis
and that sort of stuff. So unless you actually sold
out the balance of theirs, I'm not really sure what's around.
I mean, there's certain there sets. You wouldn't sell transpowers
one of them just because it's a national grid. There's
some things, as you identify the think in your minute

(47:04):
this morning, like you know, Tip New Zealand, we're you know, yeah,
maybe one day it was with the billion, but now
you almost paying someone to take it off your hands.
So there's no real money the ell length I don't
even know to look at something. But I mean, the
blunt reality with the thing was that it was it
was designed actually to be farmer for for ballot farmers,

(47:26):
and and you know I didn't really count as a
state asset in the same way that you would say
Jim Taylor.

Speaker 3 (47:33):
So so what would if nationally enters the contest next
to you looking to sell, is it selling for money
or is it selling for ideology? In other words, when
we get rid of it, we can it will be
run better.

Speaker 6 (47:45):
Well, I think if you just look at the whole
principle of why you do it, I mean, why are
people opposed, in my opinion ideological mumbo jumbo? You know,
they just want to sit there and tell everything's scentistic
when it's run by the state and you can't trust
the private sector. But nine of us what we do
is done by the private sector, probably a lot more
than that, So I don't see why we can't trust
a few things here. Secondly, why wouldn't you recycle your

(48:08):
balance sheet? To me, if you're a householder, the house
you buy it thirty is often very different to the
one you buy at forty five and the one you
buy at seventy five. Why because your lifestyle changes. So
you don't go there and buy the first little unit
you buy at thirty and say that's going to be
the thing I'm going to want to raise my family
because it pably not big enough's not for purpose. Well,
the government's no different. Fairly, you know, in the bureaucracy

(48:32):
you are paid to say no, whereasn't it's paid to
say yes because yes is what makes them again the
performance better. But why there's risks and the pub and
I think the one thing that will sort of well,
you know most of us have Key we Save. Everybody's
involved in acc and New Zealand super where there's guy's

(48:53):
going to put their money. You know, if you don't
want to give them any assets to invest in, they're
going to have to invest in Australian roads in Australia
in assets, you know. So it isn't making sense really
to stop them.

Speaker 3 (49:03):
What about things like kee we Rail. This person in
the here all this morning from Richard Prebble of course,
was in charge of selling key Rail in the first place.
So sold it off, didn't go well, brought it back
isn't going well. So is government owning stuff a bad thing?

Speaker 5 (49:15):
Or is it?

Speaker 3 (49:15):
Is it it's site or business specific?

Speaker 6 (49:19):
Yeah, I think it's a site specific. I mean, look,
it may have changed, and I could be well and
truly out of the day, but I'll tell you when
I was pronounced and we used to look at key
Rail and all the have you know, the the executives
and stuff in our office I'll tell you now, the
main trunk line made money. You can't make money on
rail for for a for something that you do that's

(49:39):
pretty much under one hundred kill mees. You need distance.
So it works for the Golden Triangle down to tower
on the in Land Portal, that sort of stuff. It
works along the main line, and everything else doesn't make money.
So if you were selling it, the question would be
and by the way, the state is you know of
those assets are saw as I understand it pretty ropeye,

(49:59):
so there'd be a huge amount of investment. I'm not
sure what cash you'd get, so if you did sell
parts of it or so that, you'd be really in
the camp of saying I think someone else will run
it better. And there's nothing actually wrong with saying someone
else could own an asset that you still might cross subsidized.
I mean, well this a while I look at it.

(50:20):
If I needed a major health procedure this afternoon, Frankly,
I don't care who owns that. I don't care it's
the private sector. I don't care it's a public sector.
I tell you what I care about the surgeons and
medical professionals that are around me, right, and that they
have the drugs that I need for that procedure. That's
what I care about, not the actual ownership of the bricks.

Speaker 3 (50:41):
And water exactly. What's your vibe on mood? How much
political capital do you think gets spent if it gets
spent next year, are we still angsty about.

Speaker 5 (50:49):
This or not?

Speaker 6 (50:51):
Yeah, because I think the people that are opposed are
sort of dispposed to everything really in a lot of ways.
I mean they've been fed aligned that have to pay
a lot more and that it will be sold offshore
and it won't work. And it's like the same argument
around foreign investments, the same answer around you know, so
many of these things, more tourists coming, more people coming
to work in New Zealand. I'll tell you a little

(51:13):
interesting thing, right. You've been talking about DTZ recently, and
I mess It talked about you know chet GPT. This
to go on to chet GPT. Here's a clin and
say how do I get rich? Here's the answer, earn more,
spend less. Well, last time, a lot all the people
that are opposed to most of those things that will
make the boat go faster do not want to spend less,

(51:34):
because that means the provision of poorer public services. So
the answer is we have to earn more. And I
think for Chris and the government, I think he's on
absolutely all right track. He's talking about economic grap because
in the end, we all want a higher standard of living.
To do that, we have to earn more. And I

(51:54):
just go back to what it was just saving us PM.
You know, we're a little country. We're at the bottom
of the world. No one knows us a living, so
we better we better start being more attractive, more permissive,
more more, a better place to do business. And when
we do that, there's so many people that want to
do things in our country, and we shouldn't be afraid
of that because honestly, they make a massive difference to

(52:15):
the economic growth and therefore the tax revenue and the
beneficial things that you get from all that.

Speaker 3 (52:21):
And on that note, how much energy if you had
Winston alongside you running the place right now, would you
put him to try to twist his on foreign house investment?

Speaker 6 (52:30):
Foreign house investment? Definitely, because I think again that's sort
of crazy. I mean, look, when I was around, not
necessarily well known that, but I pushed quite hard for
a stamp duty a foreign a foreign buyers stamp duty,
and the reason being I used to say to our
guys that one day we'll lose an election and if
we don't put a foreign buyers ben and that's exactly

(52:51):
what's happened, and it did. Look we had the fastest
rising house brothers in New Zealand history. Here's a clear
of what makes house broces go up low interest rates.
You know, it's not it's not basically the fact that
someone who lives in Manhattan might be to go and
buy the odd house of New Zealand.

Speaker 3 (53:08):
I think.

Speaker 6 (53:09):
And if you want to attract people to New Zealand,
and would you migrate to New Zealand if I said
you are, by the way for quite a period of
time you can't buy house or well, that is way
more important in my mind than something like, you know,
can I hock off a bit of k for which
I'll get nothing for it?

Speaker 3 (53:30):
Then why can't Peter's understand that, given he's out in
the world as foreign minister, and I think most people
see him as a successful foreign minister. Given that message
to the world, why why does he then come back
home and go n you can't buy house.

Speaker 6 (53:47):
Look, I think it's just that a lot of pole
do that says essentially, you know, foreign foreign and foreign
engagement is bad. I know that sense weird as a
foreign minister, but in an economic sense he hasn't changed.
That's been New Zealand's first philosophy for or thirty forty years.
Are basically pretty much opposed to all of those things

(54:08):
as it sales, foreign investments, all of this. But you know,
it is a very very it might work under Donald
Trump's will. Weirdly, it works because it works better because
you've got such an enormous, enclosed economy that's got two
hundred and thirty millions. Basically, you know, middle income seeds,

(54:30):
the wealthiest people are out and they drive that economic growth.
But in the New Zealand context, we don't have that.
So the only way we really succeed grow and prosper
is when we have other middle income consumers doing things
with us and high income consumers. And part of that
is they're buy house. And I mean, look, I understand that,

(54:51):
but obviously have to Tariiti have a lot. You know,
in tiari there's just dozens now of these ten twenty
to thirty million dollar houses being built. They have provided
enormous work for the people of smung A Fire and
the surrounding area. We are so much better off for
having those assets. Yeah, and so foreigners and foreigners often

(55:13):
very often there Americans and Australians who are very philanthropic.

Speaker 12 (55:16):
They give away a lot of.

Speaker 3 (55:17):
Money exactly right. Good and so I appreciate it as
always to John Key, can you please stop texting saying
John Key, what a breath of fresh ear?

Speaker 5 (55:23):
God?

Speaker 3 (55:23):
I missed John Key? Text machines are burning up? Thirteen
away from it the.

Speaker 1 (55:29):
Mic asking Breakfast, a full show podcast on iHeartRadio powered
by News Talks.

Speaker 3 (55:34):
It'd be how much common sense can you handle in
one interview before it overwhelms you. We just got a
text from the Prime Minister by the way on the
road announcement this morning and the speed limits going up.
What I didn't know numbers wise and part of the
problem with my particular road. And I don't say min
it's not my road. Obviously, there's the State Highway one
North forty nine. Changes are under consultation. And my simple

(55:57):
question to you is why why it's going from one
hundred to one ten or one hundred to one twenty.
What's to consult about? You're either going to have people
go march how fast and we might all die, or
you'll have people going good. Let's get on with It's
not the first time we've consulted on roads going up
or down or speed limits. Just let's just get on
with it. Richer Prebble, by the way, in the Herald

(56:18):
this morning must read this year the government is planning.
This shows you how up the creek we are. This
year the government is planning to borrow seventeen billion dollars.
About ten of that's an interest on debt, as I
keep telling you every year now, and it's growing. We're
paying ten billion dollars in interest on the debt alone.
Two lots of police forces just like that, just on interest.
It is the issue belonging government faced a fiscal crisis

(56:42):
and growing debt. I was put in charge of the
government's businesses that were demanding twenty percent of the country's
total investment while producing just ten percent of GDP. Not
one government business was profitable, none had ever paid a dividend.
And the rest, as they say, is history. If the
government was never to sell, then the cost of investing
to keep the businesses of fear would always exceed income
over time. The government portfolio would be yesterday's technology, like, oh,

(57:05):
I don't know. He cites television channels, radio stations, railways
and post and then that you can't argue, can you
line to wait the.

Speaker 2 (57:13):
Mic asking Breakfast with Bailey's Real Estate News.

Speaker 3 (57:16):
Talk VV like just watching the new White House Press
Secretary ten out of ten says Terry. This, according to Glenn,
is the highlight of what has just concluded. Fifty minutes
military into California to turn the water on.

Speaker 18 (57:30):
The Army Corps of Engineers has been on the ground
in California to respond to the devastation from these wildfires.
And I would point out that just days after President
Trump visited the devastation from these fires, the water was
turned on. That is because of the pressure campaign he
put on state and local officials there who clearly lack
all common sense. Before President Trump showed up on the scene,

(57:52):
Karen Bass was telling private property owners that they would
have to wait eighteen months to access their private property.
So this adminished the President and his team that's on
the ground in California. Rickernell, who has designated to oversee
that's great crisis, will continue to put pressure on Karen
Bass and state and local officials to allow residents to

(58:12):
access their properties.

Speaker 2 (58:13):
This is a huge part of it. They should be.

Speaker 18 (58:15):
Able to do that. It's the United States of America.
What happened to our freedom? Clearly it's gone in California,
but not anymore under President Chump.

Speaker 3 (58:23):
She's not bad. I watched Trump in the Palisades on
I can't remember, said there someday, whatever it was. Bess
looked pathetic and her reference there to permits. You need
a number of permits, both federal, state and local to
get access to your burnt property. And Trump was just
sitting there very like John Key, in that common sense
kind of way. And it is true to suggest that

(58:45):
some people were going to have to wait eighteen months
to just get back to there. As Trump put it,
there burned out lot where there was nothing anyway, And
Bess at one point went, it's kind of better. Safety
is the safety, He says, there's nothing there burnt. Let
them go and clear their lots. I've already done, he said,
I've already got the federal permits, so I've arrived today.

(59:07):
So the federal government's done their job, which is very
unusual for the federal government to be faster than the
state government. By this stage, Bass was looking sick and
he just laid around on the floor. And so this
is why it's seemingly working so well for him at
the moment. So that is her opening. Fifty minutes started.
I think on time, which is which is always late,
little how late.

Speaker 13 (59:27):
About seven minutes later, I'd say, we'll.

Speaker 9 (59:29):
Give it that.

Speaker 3 (59:29):
That's not bad for day number one. It's politics Wednesday,
Jinny Anderson, Mark Mitchell after the News, which is next?
You're a news talk said, the.

Speaker 1 (59:44):
Setting the agenda and talking the big issues, the Mike
Conking breakfast with Bailey's real estate, finding the buyers.

Speaker 2 (59:51):
Others can't use talks head be.

Speaker 3 (59:56):
Come with me to the ch Queen.

Speaker 5 (01:00:02):
Hi.

Speaker 13 (01:00:02):
So I don't make the music. I just play the music.

Speaker 3 (01:00:05):
This is Sam Amidon from proving perhaps anyone literally can
make an album these days. I might make an album
this year.

Speaker 13 (01:00:18):
You've been threating that for your wealth and you keep
not doing.

Speaker 3 (01:00:21):
You know that's true. It's a book. I got my
offer from the publishing companies as well over the holidays.

Speaker 13 (01:00:26):
Look, yeah, you know when you do a book and
you can do an audio book and you book and
an album. You read it, could you sing it instead?
Could you write it in rhyming couplets and then sing it?

Speaker 3 (01:00:39):
Salt River is the name of the album. This is
avant folk, and he's an avant folk do in sam Amadon.
This is a set of covers, which makes it even worse,
continues to cultivate as uniquely spectral yet soil bound sound
otherwise known as crap. He covers Read's Big Sky. He

(01:01:01):
covers Yoko Ono's asked the Elephant from two thousand and nine.
Not a lot of people cover ask the elephant.

Speaker 13 (01:01:06):
When I always go for that one at karaoke, don't
you exactly?

Speaker 3 (01:01:10):
It's the first one I go for Yoko Ono's asked
the elephant, Oh, what do you mean? It's not on
this machine? What's going wrong there? Also, he's got the
over seven minute centerpiece of Golden Willow Tree. This is
his part electronic version of an Appalachian ballad that daves.

Speaker 16 (01:01:25):
The seventeenth cents.

Speaker 5 (01:01:29):
Right.

Speaker 3 (01:01:30):
It is eight minutes past eight. It is time for
politics Wednesday. Jenny Anderson, Happy New.

Speaker 5 (01:01:34):
Year to you.

Speaker 21 (01:01:35):
Happy New Year, Mike. Do you have a good holiday break?

Speaker 3 (01:01:38):
Had a fabulous holiday break? Thank you. I'll come back
to your holiday break in a moment. Actually, Mark Mitchell,
good morning.

Speaker 5 (01:01:44):
Good morning bike.

Speaker 3 (01:01:45):
Were you asleep last week? What was going on? Just
because I wasn't there, I don't think I wasn't on
top of what's going on here.

Speaker 16 (01:01:50):
First of all, humble apologies to everyone, listeners especially, but no,
I was up in the Middle East and just quite simply,
I failed to pick up an email that was sent
to be saying that show was starting again.

Speaker 5 (01:02:00):
As simple as that.

Speaker 3 (01:02:03):
We'll forgive you this once now, Ginny Jenny thoughts on
thoughts on.

Speaker 21 (01:02:10):
I was gonna say, can we givet them like a
copy of Ass of the Elephant or what?

Speaker 3 (01:02:19):
Look it's cool to ask the elephant not sorry, sorry.

Speaker 5 (01:02:23):
Well i'd I'd rather have that than the hot yoga classes.

Speaker 3 (01:02:30):
Now let me ask you, Ginny. There's Did you see
yourself on the news at your retreat?

Speaker 5 (01:02:37):
Ah?

Speaker 3 (01:02:38):
Yes it did, right, so you were wearing what I
would deem to be a elegant summer frock of a
slightly complex nature, but nevertheless you you wore it well,
thank you. But on the news I saw you with
your your chin and your hands staring into Chris Hipkin's eyes,
or as though as though there's some sort of oracle,

(01:02:59):
and I thought, who's going on here?

Speaker 21 (01:03:02):
I think he was telling it a particularly amusing story.
I think that was what was happening in that case.

Speaker 5 (01:03:07):
Is that what it was?

Speaker 3 (01:03:08):
Do you have a view on jendles?

Speaker 21 (01:03:10):
On the jendles? Jendles are fine and there? Oh am
I still there?

Speaker 3 (01:03:15):
Yes you are?

Speaker 21 (01:03:16):
I thought I was dropped off. Look, yeah he was relaxed.
We were all pretty relaxed. Jendles are fine jendles at
a time when you're not in the offices.

Speaker 3 (01:03:25):
Okay, okay, fair enough. Do you have a view on this?
Have you heard of Carl.

Speaker 21 (01:03:28):
Baits by the way, Col Baits, Yes I have.

Speaker 3 (01:03:33):
He's a wan emp Yes I had, not.

Speaker 21 (01:03:37):
The Motal guy. That's a different Baits say that.

Speaker 3 (01:03:44):
That's right, you're on the fire minister of comedy. Anyway.
He's got this jury bill so you can be excluded
sixty five to seventy two? Is this wise thinking? Is
this is this where we need to go or not?

Speaker 21 (01:03:56):
You've got to be cautious on juries. They do hold
things up, They take longer, for sure, But when you
muck around with that, there are often perverse outcomes. So
you want to make sure that you've looked through all
of those possibilities before you start mucking around with access
to justice. And so you need to be very cautious
about what you're trying to achieve and what this will

(01:04:18):
actually do.

Speaker 3 (01:04:19):
Okay, well you got a.

Speaker 2 (01:04:20):
View mark increase it.

Speaker 16 (01:04:22):
We just try to increase the age of eligibility for
people to be able to sit on a jury to
make more.

Speaker 21 (01:04:26):
Sorry, so I didn't realize that was all I thought.
It was another proposal by Paul Goldsmith also to restrict
the ability to receive a trial by jury. So that's
a separate Oh yeah.

Speaker 3 (01:04:36):
That's that's separate.

Speaker 5 (01:04:37):
Again.

Speaker 3 (01:04:37):
I just worry, I worry about I mean, this sort
of covers your area, mark to it. Agree in the
sense that I just wonder if the whole jury system
is not so haphazard and nobody wants to be on it,
we need to somehow revisit it. And this is I
don't know whether this achieves it or not.

Speaker 16 (01:04:52):
Well that's so that's part of the week that Paul's doing,
without a doubt, which is important. But this, this Bill
of Members, Bill of Carl's is just quite simply saying
at the moment, if you're once you're over sixty five,
you're not eligible for jury duty. When he's saying that,
sixtend that seventy two, and I support that because I'm
telling you now, there's a lot of people in the
seventies that would make out standing durism probably have the
time to be able to dedicate to it.

Speaker 3 (01:05:13):
Well, that was that ridiculous rule that Boshia had to
resign as an on the seventy two. I mean, if
you're up for the job, you're up for the job,
aren't you agree. I'm talking to you. I'm talking to
you to us A personally turned sixty this year. I'm
virtually juriatric. I've never I've never been more alive.

Speaker 5 (01:05:27):
I speak. There's the new Cup, team mate, Well, actually.

Speaker 3 (01:05:30):
Somebody said fifty is the new forties, So it is
that the new forty of the new fifty.

Speaker 21 (01:05:33):
Well, I had the big I hit the big five?
Oh this year too?

Speaker 3 (01:05:36):
So do you sounds so you are going to hit
the big You're going to hit the big five. Oh,
so you're still in the your forties, that's right? Are
you still claiming you're in your thirties?

Speaker 5 (01:05:44):
Mark?

Speaker 16 (01:05:46):
No, I'm going to be fifty seven this year, but
I'm going to but I defaulting back to the fifty
seven to the new forty seven, So correct.

Speaker 3 (01:05:54):
All right, brief bait more in the moment, Mark Minchell,
Giney Anderson, thirteen Past.

Speaker 1 (01:05:59):
The Makes Breakfast Full Show podcast on iheartradiow it my
News Talk.

Speaker 3 (01:06:04):
Zippy News Talks at Me. Sixteen pass eight Politics Wednesday,
Mark Mitchell, Ginny Anderson with US opening speeches. Yesterday I
watched Mark. You made some very nice comments about what
happened to Nelson and the police, and I thought that
was very, very nice. But I reckon Ginny that if
I was gun was to my head and I had
to pick who was better Hipkins or Luxem yesterday in
that speech, I'd give it to Hipkins just because I thought, really,

(01:06:26):
yes I did. I thought not by much. But he
had more passion and he was moderately humorous in certain points,
so I think he won. You would agree with that obviously.

Speaker 22 (01:06:36):
Well.

Speaker 21 (01:06:37):
I think Latson always struggles when it's twenty minutes, like
you get to the sort of we watch the clock
as you do, and it gets us at a fourteen
and a half, and he kind of just loses a
bit of guess and so it just tunes into slogans
and they're not really strung together as well. So look,
it is always a bit scrappy, but I think Chippy's
always been good at telling a story and pulling it
together and making people laugh.

Speaker 3 (01:07:00):
True to say, Mark, no alition was your idea.

Speaker 16 (01:07:05):
Os Midia will. No speeches have been made. But I
can tell you one thing. So I wasn't in the house,
but there wasting.

Speaker 3 (01:07:11):
Up in the house yesterday. Did you come in halfway through?

Speaker 16 (01:07:16):
Yes, So I basically walked into that. I got back
to Parliament, walked straight into the house to take that speech,
to take that call. But look, the Prime Minister's speech
would have been full of content focused on well, well
I can I can tell you it would have been
because that's exactly what the focus has been the last week.
And I've been looking at it from overseas, and I
think that the country is fully on board and understands

(01:07:37):
that we've got to do a lot of work around
growth this year. If I'm with growth, and that's and
that's what he would have been talking.

Speaker 9 (01:07:42):
Are you today?

Speaker 3 (01:07:45):
Would you would you take on board any of what
seems to be a building amount of criticism that is
as well intentioned as you might be and as as
supportive as many people in New Zealand might want to
be about what you're trying to do, You actually need
to do more than you have done.

Speaker 5 (01:08:01):
Well. I just think that there's got there's a lot.

Speaker 16 (01:08:03):
We've had so many issues that we've had to deal
with with the education, crime, you know, the economy, health
that you know, we had a lot to deal with
last year. But this year the focus for all of us,
we're going to continue to be focused on all those
things obviously and continue to men we've created, but that
economic growth is critically important for us as a country,

(01:08:25):
and so there's a laser focus on that.

Speaker 3 (01:08:27):
And that's what you would have raised with. It was
the speed limit thing. So so new Minister of Health
was Minister of Transport. He's busy announcing all the increases
and road speeds around the country. Forty nine of them
are under consultation. What's to consult about? Why why do
you need to wait? Just get on with the stroke
of a pen.

Speaker 2 (01:08:43):
Stuff.

Speaker 5 (01:08:45):
I agree with you, I'm not sure what the consultation is.
I thought that he was really clear about it.

Speaker 21 (01:08:48):
You're in the government's market. I should know.

Speaker 5 (01:08:52):
It's not my portfol it's not my portfolio. It's someone else's.

Speaker 3 (01:09:00):
Stuff you can do and this stuff they're committee about.
But yeah, you know, making something go from one hundred
to one hundred and ten doesn't require consultation, does it.

Speaker 15 (01:09:09):
No?

Speaker 5 (01:09:10):
So no, So those decisions have been made.

Speaker 16 (01:09:12):
So I'd have to go away and check and find
out what consultation exactly they're talking about. Whether it's with
local government, I don't know, but certainly those decisions from
central government already been made to reverse what LABEL was doing,
and that's trying to slow us all down.

Speaker 5 (01:09:25):
And they were very good at that.

Speaker 3 (01:09:26):
Ginny Wales and Cowie Trees.

Speaker 21 (01:09:30):
What can you tell me, Well, I'll tell you one
thing that's kind of missing a bit is that we
know that last year they made the wrong choices. We
saw two point nine billion and text cuts for people
like lean laws and that plan. And I just want
to get this out because he made a comment about.

Speaker 3 (01:09:49):
Hates ersy do you hate me?

Speaker 21 (01:09:53):
Well, I don't think you need a text cut as
much as someone who can't.

Speaker 23 (01:09:56):
Afford and.

Speaker 3 (01:09:59):
Dump and going to renovate it this year.

Speaker 21 (01:10:01):
I am not providing houses. Houses have been stopping. I
was saying, I just want to get what to say.
So they tanked the economy. They paused a whole bunch
of different infrastructure projects, twelve thousand fewer construction workers in
New Zealand International. We hear growth at two point four percent,
and that has declined every quarter since National came in.

(01:10:22):
They've tanked the economy and now now they're turning around
and saying, I will fix it and get some growth
by having some digital nomads, and then we will just
start selling off the family silver.

Speaker 3 (01:10:34):
And the only digital nomads. It was Chris Hipkins who
said in twenty forty, the New Zealand economy will be
strong and resilient. We will have digital nomads calling New
Zealand home. So he loved digital nomads last year, didn't
like them. Now what happens.

Speaker 21 (01:10:47):
Digital nomads are great, but they're not going to start
growth if you've got coming into if everyone are going
to come in here paying just GST but no tax,
they don't increase wages.

Speaker 16 (01:10:57):
Chriss Chris Hipkins a year ago, regular's hands saying sorry
that we over promised it underdelivered, and I'll tell you
right now, mon Electric Jinny. The only infrastructure projects that
got started and being delivered at those ones that were
started on the national.

Speaker 3 (01:11:11):
Okay, we're going to do that. You cannot you cannot
leave the program without telling me of you on whales
and Cowrie, you funded this to the tune of four
point two million dollars. And whether whether or not singing
whales can say dying Cowrie trees.

Speaker 21 (01:11:26):
Well coding charge of back. I'd like to see the
fine print on that, to be honest, because it sounds
like one they've pulled out of it at weak Bax people.

Speaker 3 (01:11:33):
Well, it came from the science thing that you set up.
That was a forty million dollar job. But for four
point two million dollars you had people wandering around working
up with a sales Whales Singing saved Cowrie die back
or mortal.

Speaker 5 (01:11:44):
Roman governments set it up.

Speaker 21 (01:11:46):
You should Well, we've also got a government who's trying
to tune round a tanked economy by letting some people
bring their computers into the country. I think that's just
about a stick who tank the economy. You definitely did,
definitely by firing people kinseling infrastructure.

Speaker 5 (01:12:01):
Prayers of vandals and we're turning it around and next
to yes, we are going to well.

Speaker 21 (01:12:05):
Try the deeper into the ground tomorrow.

Speaker 3 (01:12:07):
You guys, it's good to have you back. Jimmy Anderson
and Mark Mitchell on Politics Wednesday. Right throughout twenty twenty five.

Speaker 1 (01:12:12):
It is eight twenty two the Vike Hosking Breakfast with
a Vida Retirement Communities News togs.

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(01:13:04):
Ask welcome back, Mike, Happy new Year. I hope you
had a great holiday. Just tuned in makes the year
feel like it's really getting started. Well, come on, you
started yesterday, mate, and I knowe you. I start back
at work tomorrow. Nice for some I was hoping to
get a call from Bruce yesterday, actually because Bruce was
going to ring a bloke who runs a company who

(01:13:25):
wasn't back until yesterday as well. So for all of
you who said I take too long a holidays. The
guy who runs the coffee machine company, who I desperately
need to get hold of via Bruce, who fixes my
coffee machine, he wasn't back until yes day either, So
no one's back. And you Texter, I knowpe, you're not
back until tomorrow.

Speaker 13 (01:13:41):
You have you had a flashing light on the machine
and you don't know how to make it.

Speaker 3 (01:13:45):
Top least I have a machine that doesn't work. And
the guy came Bruce came around and he looked and
he said, could be the operating board, the control board
could be the screen. And then he said the worst
news of all, I'm not sure if they'll carry those parts.
So I've got pretty much ninety eight sent of a
machine and no ability to make any coffee.

Speaker 13 (01:14:03):
So it might be time for an upgrade.

Speaker 3 (01:14:05):
You reckon, I don't think I haven't broached that with
the chief executive, and you can imagine how that went
down just after Christmas? Can't you so complicated a machine?

Speaker 13 (01:14:14):
Do you need to make a medium black Well.

Speaker 3 (01:14:17):
It needs a control board and a screen. Clearly, why
didn't she answer the question about Wales? Michael All? The
answer is there is no answer to a question of
that nature.

Speaker 2 (01:14:25):
Is there really?

Speaker 3 (01:14:28):
What do you say about Wales and Cowerrie trees?

Speaker 2 (01:14:30):
Is crush?

Speaker 3 (01:14:34):
Steve Price is in Australia and but moments away here
on the Mike Hosking Breakfast, the News Dog.

Speaker 1 (01:14:39):
ZEDB, The Breakfast Show, Kiwi's Trust to Stay in the Know,
The Mike Hosking Breakfast with a Vida, Retirement, Communities, Life
Your Way News, togs headb.

Speaker 3 (01:14:52):
World Tourism numbers out this morning for the World Tourism
Organization and this just once again reinforces how shocking badly.
We are doing, have done, and are doing because I'll
take you through the regions in a moment. But there
were one point four billion people traveled internationally last year,
ninety nine percent of the number who did the same

(01:15:13):
before twenty nineteen. In other words, the entire world has
bounced back from COVID. We're stuck on eighty seven, but
more shortly twenty three to nine.

Speaker 2 (01:15:20):
International correspondence with ends and eye insurance. Peace of mind
for New Zealand business.

Speaker 3 (01:15:25):
Well make TV price Happy New Year, you too, Welcome back.

Speaker 22 (01:15:29):
You've got a very long holiday.

Speaker 3 (01:15:30):
Yeah, I thought I was watching you on SkyTV on
must have been Friday night? Was it Friday night? Would
have been Friday night? Anyway, I thought as soon as
I talked to this clown on Tuesday Wednesday, he's going
to give me a hard time about my holiday. And
well done. Having said that, speaking of holidays, how was yours?

Speaker 22 (01:15:50):
I spent two weeks in New Zealand and I've saved
this up for you, so just briefly, because I know
we're short of tied, are we? My likes and dislikes
of your country as a tourist who had not been
to the North Island for probably twenty years or more.
Lack of graffiti in Auckland, big tick, very clean city.

(01:16:11):
Loved it. The chicken sandwich at the Federal Delhi in Auckland.
Outstanding lunch at Amarno Italian at Britomart, You've got to
go there.

Speaker 3 (01:16:23):
Did you find the service acceptable or not acceptably?

Speaker 22 (01:16:26):
Well? I thought it was fantastic. They were full and
they found us at table, set us on the footpath,
but that didn't matter. The food was great and the
cheese scones at Tyrower to die for. So when you're
going south from is it Tyroller or Tyr Just down
from Hamilton a little place called the Canteen cheese SCons

(01:16:48):
I dreamt about for the last three weeks. Dislikes the
bunkers at Royal Oakland Golf Club. You know they truck
the sand in from the bottom of the South Island.

Speaker 3 (01:16:58):
How did you get on the Royal or not being
a member? Did you flash some flash card out of Victoria?

Speaker 22 (01:17:03):
Correct? I'm reciprocals with Royal Sorrento one way bridges on
the Coromandel Nightmare. A bottle of bottle of water four dollars.
The bottle of water. But when you use your card
four dollars seventy five what the hell's going on there?
And the traffic lights in Auckland they take too long
to change.

Speaker 3 (01:17:22):
I couldn't agree with you more. You've nailed New Zealand
absolutely superbly. My only question for you is I thought
you were going to New Plymouth and none of that
was even close to New Plymouth.

Speaker 22 (01:17:32):
I did go to New Plymouth and there was a
couple of outstanding golf courses there. As our top rating
breakfast show ever been sponsored by Toyota, are likely to be.

Speaker 3 (01:17:40):
In the future Toyota. No, We're currently sponsored by Jaguar Landrover,
a vastly superior vehicular form of transportation.

Speaker 22 (01:17:48):
Two weeks in a Toyota Yaris Cross at the cost
of three thousand, seven hundred dollars.

Speaker 2 (01:17:53):
Yes, it's a crap car and cost too much.

Speaker 6 (01:18:00):
There's a trip in a nutshell.

Speaker 3 (01:18:02):
Very well done. Now did you personally know the punisher,
Sam Abdul Rahman by any chance?

Speaker 22 (01:18:10):
Thank god?

Speaker 9 (01:18:10):
I didn't know.

Speaker 22 (01:18:12):
He was a number of attempts on his life over
the years, but he was finally ambushed outside an apartment
complex in Preston and the Northern s Melbourne yesterday, shot
in the head, ambushed in an underground car park. This
is a guy who has a lot of criminal enemies,
many of whom we believe live offshore in places like

(01:18:34):
the UAE and in Lebanon, and he's been involved, we
believe in these tobacco shops being burned down, Jim's being
burned down. He was supposed to have a boxing match
at one point, and the place where the gym where
he was going to stage this boxing match was also
torched one night, so probably no one except his close

(01:18:56):
family and friends going.

Speaker 12 (01:18:57):
To miss him on.

Speaker 3 (01:18:57):
This is just the underworld of Melbourne. I mean, for
all the television programs they made about the underworld of Melbourne,
still as underworld as the ever was.

Speaker 2 (01:19:04):
Clearly yes it is.

Speaker 22 (01:19:06):
I mean it's not quite as bad as Sydney, where
you get hits like this on a regular basis. Melbourne
used to have that back in the two thousands, but
it's been slowed down slightly. But that was a completely
brutal assassination of this criminal yesterday.

Speaker 3 (01:19:22):
Following your economy with a great deal of interest, so
your standgal, I mean, elbow is going to be desperate
for a cut. Is a cut coming, do you think
before the vote?

Speaker 22 (01:19:31):
Well, the jury is still out. There will be a
figure out today a couple of hours time, lunchtime, out
of time. The inflation rate. So if the inflation rate
continues to go south, then the chances of a rate
cut in February by the Reserve Bank are on and
Anthony Veniez and Jim Charmers must just go to bed
every night and pray that this happens. I mean, currently

(01:19:52):
it's headed toward the two to three percent band that's inflation.
The Reserve Bank. I was still a little worried about
the fact that we've got a very strong jobs market.
Unemployment's very low, but the government is spending like drunken
sailors and that's adding to inflation. And now dollar is
collapsing against the US dollar. So to the year to

(01:20:13):
December inflation in this country was three point three percent.
It's got to have it to in front of it.
If the reserve's going to move. If the Reserve moves,
that's when Anthony Albanizia'll say, right over there, go see
what's happened. We've harved inflation since we've been in office.
Let's go to an election. You can put me back
in charge because I know how to manage money. No
one believes that.

Speaker 3 (01:20:32):
No, indeed not would you call the election right now?

Speaker 22 (01:20:36):
If I was Anthony Albanezi, I think I'd wait until
the last possible date, probably mid April or early May,
because his polling is atrocious while you've been away.

Speaker 6 (01:20:46):
He's just in a free fall.

Speaker 22 (01:20:48):
It's just sad to watch, and his leadership, particularly over
the anti Semitism thing.

Speaker 3 (01:20:52):
Is exactly Yeah, that's what I was going to two
part question, Actually, what just give us a price? This
anti Semitism thing? Where the hell has all that come from?

Speaker 22 (01:21:01):
Lack of action immediately after October seven, allowing people to
protest every Sunday in Melbourne for the last what is
it two years, almost one and a half years, unbridled
being able to wear Kefia's takeover universities. I mean, it's
just come from the far left and particularly agitated by

(01:21:24):
the socialist agenda in both Sydney and Melbourne. And it's
got out of hand in Sydney with all of the
burning down of childcare centers and mosques sorry, and Jewish
places of religion. I mean, it's just it's really frightening
to watch. The Jewish community, of whom I know a lot,
are very frightened at about it all.

Speaker 3 (01:21:43):
A second part of the question was, and I was
asking him made of mine in Sydney the other day
and he didn't know the question. So these polls I'm
watching this week two party preferred and single party coalitions ahead,
given the preferencing and all that stuff, how far ahead
does a coalition need to be in front on two
party preferred feel good about winning a.

Speaker 22 (01:22:02):
Bit more than where they are. They've got to win
aiden seats to win majority government. That's a hell of
an ask in two party preferred. If you looked into
those figures that released a newspot yesterday or on Monday,
they would fall short. Probably they'd win fifteen on that
if it was they needed something like a five point
three percent swing against the government nationally because the Greens

(01:22:26):
obviously always preference labor. I think we're headed still at
the moment to a minority labored government, which would be
a disaster because they would have to do deals with
the teals who do survive and some will, and that
would be bad for Australia. I think Dutton's on the
right path. He's got a number of things have to
go right for him. But if he continues to be

(01:22:48):
as strong as he is on things like energy policy
and immigration, I think he's got a chance.

Speaker 3 (01:22:53):
Very interesting year. Just to correct this, I might have so,
was it ty Ruha which is a place?

Speaker 2 (01:23:00):
Or was it ten rour.

Speaker 22 (01:23:03):
It's spelt t i r a u.

Speaker 3 (01:23:07):
Yeah, t raw that's separate to tyr right, glab Apparently
they're the cheese businesses particularly famous in that part of
the world. Well, they mate, we'll catch up again on Friday.
I appreciate, No, we won't. We'll catch up again next Monday,
steveson unless we're putting Steve on Friday, which we're not.
So no change to the program. Don't Panic eight forty five, The.

Speaker 1 (01:23:25):
High Asking Breakfast Full Show podcast on iHeartRadio, powered by
News Talks at B.

Speaker 3 (01:23:31):
Right, So, the world tourism numbers ninety nine percent back.
In other words, the world has bounced back to pre
COVID levels except for New Zealand. Of course. One point
four billion traveled last year. Internationally, one point nine trillion
was spent, so each tour is spent more than a
thousand dollars per person On average. Europe was the most
visited continent. Seven hundred and forty seven million people went

(01:23:51):
to Europe. France the most visited country one hundred million.
They had some special stuff on. Of course, three hundred
and sixteen million went to Asia Pacific, hundred and thirteen
to the America's ninety five to the Middle East, seventy
four to Africa, Middle East Qatar one hundred and thirty
seven percent increase in tourists. Why because they built it
and they came. That's how it works. Other smaller countries

(01:24:11):
did particularly well last year. You'll note that New Zealand's
not part of that, Andorra, Dominican Republic, Kuwait, Albania, El
Salvador for a bit of fun. By the way, global
tourism isn't just returning to previous highs. It seems to
be on an upward trajectory. So in other words, plenty
of people traveling. This is where we so desperately need
to get our act together. But I just think about

(01:24:33):
the Middle East. If you haven't seen it, look at
Ryan Fox who was up the top with Patrick Harrington
and I can't remember who the other person was. Three
golfers Middle East. I think it was Dubai. It doesn't
really matter at tall building in the Middle East, and
they were hitting these balls yesterday off a building onto
a floating pontoon. That was the green. It's kind of
badly shot. It was some sort of promotional thing. It's
kind of badly shot because you don't really get to

(01:24:54):
see the ball all that clearly as to wear lands.
But it was two hundred do we decide it was
two in in eighty I think it was two eighty
meters or yards away whatever. It was way up in
the air. Quite fun. Ryan didn't do that well. But
mind you, having said that, I don't think anybody did
that well.

Speaker 1 (01:25:09):
Ten away from nine the Mike Hosking Breakfast with the
range Rover Villa News togsad Be.

Speaker 3 (01:25:15):
Thirteen ninety five. Am, Mike's still off here in Omaru.
Thank you for that. That's planned. By the way, how's
it looking with the movie? Has that gone? Well? That
looks good, doesn't It looks good at the best of
the times, Omaru. But when they come to town and
what's the name Pew Florence Pew who Florence Peugh, Yeah,
she's in the movie in Omru. Don't worry Sam Sam

(01:25:38):
went to by the way. Sam Sam, because he gets
paid so much money, went overseas for his holiday and
he went to where it was Japan. Wasn't it was Japan?
Japan first? Then he went and he said it this
way he went, He said, I went to Malaysia. Well
it wasn't Philippines. He went to the Philippines. And then
I went to Hong Kong on the way home and

(01:26:02):
I said, sharpe As attack at three thirty in the morning,
I said, to Hong Kong's not really on the way
home if you look at a map. In fact, Hong
Kong is in completely the opposite direction to home. So
Sam went to Japan, down to the Philippines, up to
Hong Kong before he came home. Good news was I said,
how was it? Because he'd never been there before, because

(01:26:22):
he's only thirteen years old and has just left home.
I said, how was it? Because of course Hong Kong
is not what it was. And I was talking to
a person who goes to Hong Kong regularly over the
holidays and is in business, is in retail, so it
goes there, and she said it's nothing like it used
to be because China's intervention, etc. But Sam thought it
was good and he would go back again. But then

(01:26:43):
Sam's view of the world as post China, whereas this
person's view of the world was pre China. So different generations,
different times. So you know, if you've never been before
and you don't remember what it once was. Sam Shwai,
who I follow, Who's an ab geek. He's from Hong
Kong and i's old. The story last year he was
standing at Hong Kong Airport and he's old enough to
remember Hong. He stands there as very poignant shot and

(01:27:05):
he goes, I remember Hong Kong when it was at
its best, and I think those were the glory days
and I don't think we'll ever see them again, which
was quite sad the hero person from Hong Kong say that,
But that's what he said. Who am I to argue anyway?

Speaker 13 (01:27:20):
So that was Sammy's I mean, I mean, you know
how they say all roads lead to Rome, don't always
past lead to Hong Kong.

Speaker 3 (01:27:27):
Clearly do where did you? Where'd you go for holidays? Clean?

Speaker 13 (01:27:29):
Did you go se Paranui?

Speaker 3 (01:27:31):
You're right, see Sam, so I went to the country
when I didn't fly.

Speaker 13 (01:27:35):
I mean I could add obviously lots of people do
because there's an airstrip.

Speaker 3 (01:27:38):
There one hundred percent. But you drove and I packed
up the car and I went up north to the country.
Sam goes overseas multi country tour. Just saying five minutes
away from nine.

Speaker 2 (01:27:49):
Trending Now with chemist Well's keeping Kiwi's healthy all year round.

Speaker 3 (01:27:54):
Back to my fascination with the boom plane. Listen to
this test.

Speaker 23 (01:27:57):
Control your gopher Excel to mark one point one, goil
for itself, Castrol gates, capturl Gate, go for it. So
this is the really exciting part. Watch the mark number
in the middle of the street.

Speaker 2 (01:28:11):
Three engines and after burner mark numbers ticking up in
your year.

Speaker 23 (01:28:15):
There we are XB one is supersonic, faster than the
speed of sound. We've got confirmation for the control room
that she is supersionic. What a wonderful achievement, Copeto and
the whole team.

Speaker 3 (01:28:26):
No, what a really historic moment.

Speaker 23 (01:28:28):
This is the first civil aircraft independently constructed that has
ever blown super signage. Peto is the heirs part of
ever to do it.

Speaker 3 (01:28:37):
Now if you missed it earlier, Roll, this is a prototype.
So they actually did it three times on this test
flight today, so they got to one one. I call
it mach one point.

Speaker 2 (01:28:46):
Why not?

Speaker 3 (01:28:47):
Mark says so much better when you've got three engines
and the thrusts MAC one. Anyway, they went after burner.
They want to go to one point seven. And then
they're going to build these things to carry up to
sixty five at the moment to carry no when it's
fraction of the size, So they need to scale up.
They need to build lots of them. They should probably
ask Boeing how to build some planes and see how

(01:29:08):
that goes for them. So they're going to build a
whole bunch of them, and then we're all going to
be flying supersonically. You'll be able to get from Hong
Kong to the Philippines and then back to Japan and
then down to Pawanui in about forty five minutes.

Speaker 13 (01:29:21):
It's going to be well, you do actually go faster
than the Earth turns. You do, so you'll be able
to get near the day before yesterday.

Speaker 3 (01:29:27):
By the time you get there, that'll be incredible, and
it will be back before China took over Hong Kong.
It'll be just like the good old days. Be amazing
back tomorrow morning, as always, Happy Days.

Speaker 1 (01:29:38):
For more from the mic Asking Breakfast, listen live to
news talks it'd be from six am weekdays, or follow
the podcast on iHeartRadio

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