Full Show Podcast: 29 July 2025

Episode Transcript
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Speaker 1 (00:00):
New Zealand's home for trusted news and views, The Mic
Hosking Breakfast with the land Rover Discovery never stop discovering news,
Tom said, Ben.

Speaker 2 (00:09):
Welcomes to day. The odds have and go to bay
now the charges are getting banned. Good news from our
gaming sector. Eighty percent pay rises for members of government boards.
That's a gig. Joel shed Ball of La be back
for a catch up the way Keathan Field and France
Rod Little does.

Speaker 3 (00:22):
The news that is the news in Hosking.

Speaker 2 (00:26):
This seven past six. Welcome to Tuesday now, although it
is a mess of a moving feast, let me ask
you this question this morning. The latest Trump utterings, which
you will have missed because you're only just getting up,
came from his chair at Turnbury, is that the global
mark for teriffs is going to be fifteen to twenty percent.
Why because, as he said, you can't do two hundred deals,
which of course is true. A lot of people actually
said that when he said he was going to do

(00:47):
a couple of hundred deals a couple of months ago.
So far he's done hardly any of course, the EU yesterday,
the UK, Indonesia, the Philippines, India seems to be gebbing
and flying. You will note there is no real detail
around any of it. It just seems to have been
a series of threats and deadlines that constantly moves depending
on moot. Now here's the important part of this for
this country. I have asked you may have noted the

(01:08):
Prime Minister on a number of occasions as to whether
we are bothered by any of this and whether we
will need to actually deal with the Americans as opposed
to simply accepting their number as a fatal complain. Luxon
has been consistent in saying, one, we might might be
able to trade our way through it. In other words,
demand for things like meat and key, we fruit possibly
wine is so strong and our quality is so high

(01:29):
people will pay the extra at retail level in America.
And two, we simply don't want to be worse off
than anyone else. Well, so far, so fair, except as
of this morning, suddenly the rest of the world I
EUS potentially faces twenty percent. Twenty percent if that's where
they land, makes us worse off than others. Others have
as low as fifteen, some have nineteen, both a lower

(01:51):
than twenty. So the critical question, if twenty, is it
what are we going to do? You would hope we
have a planned You would hope we have a heads up.
None of them us as news. Do we adjust trade
to other countries? Are we still confident that twenty percent
on beef can be passed on? I mean, given as
good as we are, there's a big difference at the
butcher's in New York between twenty and ten. This whole
thing has moved fairly dramatically in the space of a day,

(02:13):
from it ain't the end of the world to a
material outcome where we, compared to others, are now losers.
So what's the plan?

Speaker 3 (02:23):
Why news of the world in ninety seconds.

Speaker 2 (02:27):
Speaking of which we return to the chairs at a
mild and bluster return. Bring in a Scottish summer where
today we've adjusted the timeframe as well for Putin to
sort out the war.

Speaker 4 (02:34):
So you have seven thousand Russian and Ukrainian soldiers dying
every single week for no reason whatsoever. So you would think,
based on common says, you would think you'd.

Speaker 5 (02:45):
Want to make a do them.

Speaker 1 (02:46):
We'll find out.

Speaker 2 (02:47):
The other wall featured given n Yah who tried it
on with a bit of bs, there is no starvation
in Gaza.

Speaker 6 (02:53):
We enable humanitariana throughout the duration of the war to
enter Gaza.

Speaker 2 (02:58):
Otherwise there would be no guzzens h. Even Trump wasn't
buying that.

Speaker 4 (03:01):
But we're going to be getting some construct for we
can save a lot of people. I mean, some of
those kids are that's real starvation stuff. I see it,
and you can't fake that.

Speaker 2 (03:13):
So we're going to be even more involved, and the
doctors certainly won't.

Speaker 7 (03:18):
The primary responsibility lies with the Israeli government, but also
with the international community to put an end to a
crime that continues to claim victims.

Speaker 2 (03:30):
As regards trying, Trump, as I mentioned, talked to US
fifteen to twenty to the rest of the world. The
EU has fifteen, but we're still short. As I mentioned
also on detail that might prove to be an.

Speaker 8 (03:39):
Issue, the UPEN Commission needs to form member states of
the details because very importantly they need to get member
states support. We understand that tomorrow morning the UPIEN Commission
will debrieve the eombassadors of the specific details.

Speaker 2 (03:54):
The thlu Dabaski and the Euros willners. The heroes arrived
home to be greeted by the devoted.

Speaker 9 (03:58):
It's amazing once let alone twice.

Speaker 10 (04:01):
So yeah, it's great.

Speaker 9 (04:02):
It's a great opportunity, great, a great time for women.

Speaker 11 (04:05):
I couldn't not be I was gardening read about it
and thought, that's it.

Speaker 3 (04:09):
Drove here like a loving.

Speaker 2 (04:10):
Drove here like a louvering. Finally, more moderation from the French.
This morning, La sebe Lad de Lon La sebe Lad
de Lon has announced they will be handing out instant
fines of two hundred ninety dollars if you walk around
town half naked. The man says, the finders for walking
around topless or in your swimsuit anywhere other than the beach.
The French didn have to think about this. They followed

(04:31):
places like Akachant and Lugwarmer, who run finds for scantily
dressed folk away from the beach. Now that has news
of the world in modesty and the send superb French
pronouncing Elsin in ninety Russia up on the deadline. So
it's gone from fifty to twelve or fourteen or teen
or whatever he's come up with. But where he has
been successful, by the way, is this Thailand Cambodia thing.

(04:55):
Not that we promote war obviously, but this one only
lasted five days until he rang them up the other day.
The head of tile and the head of combader, and
you say get it together or else there's no trade
deal and as of overnight, immediate and unconditional ceasefire. So
that's a win. Twelve past six.

Speaker 1 (05:11):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, vow
it by News Talks.

Speaker 12 (05:17):
They'd be.

Speaker 2 (05:19):
Rod a little in a couple of hours, but I'll
tell you what. The Euros was a smash it on
the television twelve point two million people. Is that a lot?
You bet it is. It's the most watched television event
of the year in Britain fifty nine share, fifty nine
percent of all people watching television. We're watching the football
fifteen pasts J and my Wilth. Oh, my lord, looking,
we've found back in the country for a fleeting visitor.

(05:41):
Nice of you to return home, Andrew Keller her good
morning morning.

Speaker 3 (05:45):
Might have to be back.

Speaker 9 (05:46):
But what have you done to the weather?

Speaker 2 (05:48):
Well, the weather while you're away. Funnily enough, we experienced
seven days of clear blue sky and sunshine. Tell me
what the ViBe's like when you're dealing with a currency
from the Third World in a place like.

Speaker 9 (05:59):
Your it's not great.

Speaker 11 (06:01):
It's not great, although I think it's very cheap in
parts of Europe. But you get hit pretty hard once
you hit. Once you hit London, you don't go out
to dinner too often if you're in London.

Speaker 2 (06:09):
Everybody sees London to heaneously expensive. Talk to me about
this trade deal the US the year. I mean, we
don't have detail, do we No.

Speaker 11 (06:17):
I really have picked the week to come back night,
because there's a heck of a lot that could shift
the momentum this week. I think yesterday morning you spoke
with Greg about the trade announcement between the US and
the EU. I hesitate to call it a deal just yet,
because it looks like detail is still being sorted out.
I think the stillness around wine, and remember that the
US is the largest destination for European wine. But during
our trading day yesterday, the US futures did rally, so

(06:39):
they reacted positively, but overnight we haven't sort of seen
that follow through. In fact, as we speak, the Dow
Jones is actually about a quarter percent lower. S and
P five hundred Nastak they're both pretty much flat, and
European markets were a touch lower overnight as well. Hey, Mike,
just on the side too. I also wanted to note
that we don't have a trade deal yet. It does
very much look like fifteen twenty is the new ten,

(07:01):
doesn't it, And so we wait there with interest Because
nine billion dollars worth of exports ten percent tariff on
that was a nine hundred million sort of problem. At
twenty percent is a one point eight billion dollar problem
is somewhat different, isn't it. But anyway, look back to
the US market reaction. I've had a lovely couple of
weeks away from the New Zealand winter. In that time,
investors will be pretty happy because we keep seeing US

(07:23):
markets at all time highs. But I think I also
use the term before I left that the market was
kind of priced for perfection, not inconceivable that the further
highs from here will be pretty hard for it this week.
And yet just so much going on this week, Mike.
You've got these You've got some big companies reporting quarterly earnings,
meta platforms, which is Facebook, Microsoft, Amazon, Apple, old reporters

(07:45):
a week progressors, Mike, We've got to deal with the
Federal Reserve as well, meeting this week. Market expectation the
Fed will hold interest rates steady at least until September.
But you've got this wonderful backdrop here of this slight
tension between the Trump administration, Federal Reserve, and in that vein.
They get their preferred measure of inflation this week, which
is the PCE number that Prince will give us a

(08:06):
barometer of the current level of price pressure. And a
whole bunch of job data culminating in the Biggie, which
is non farm perils data which prints Friday night. What's
also interesting, Microsoft come back to look the options market
for US in the US share marks, not the physical market,
but the options mark. We're seeing a lot of hedging
or insurance being taken out because we're pretty fully priced

(08:28):
at current level, and so a lot of market protestants going, look,
I'll think I might take a little bit of insurance here.

Speaker 2 (08:33):
A US dollar got a bit of a boost.

Speaker 11 (08:35):
It's been weak, and obviously we're still waiting for use
on the China trade dealer as well.

Speaker 2 (08:38):
So everything's going on, Mike, It is a busy old
time job markets here.

Speaker 11 (08:42):
What do we know, Well, look, in early in early August,
we get the big labor market data done. That's the
household laborfore survey, Quarterly Employment Survey, unemployment rate, that's for
the second quarter. But we get these high frequency signals
along the line, and that's the monthly employment indicators.

Speaker 9 (08:57):
Filled jobs.

Speaker 11 (08:57):
Actual data from the revenue well fill jobs all industries
rose zero point one percent in Junes, which I would
call a flicker above zero. The problem is the trend
at the moment is for subsequent revisions to bring that
number lower, and you get a bit of detail in
their primary industries still doing better zero p nine percent,
gain their goods industries lower by zero point two.

Speaker 2 (09:19):
Percent of five.

Speaker 11 (09:20):
Widen the lens out and look at the year on
year data construction industry. Compare that to June twenty twenty four,
down six percent over twelve thousand fewer jobs and in
total twenty seven thousand, eight hundred and fifty fewer jobs
so year in a year one point two percent. Pretty
much the picture is of a very soft jobs market.

Speaker 5 (09:38):
Mike.

Speaker 11 (09:38):
That June tick up, as I said, we'll probably get
revised lower May. Whilst May it was up zero point
one percent, it's been revised down to minus zero point
one percent. I think last month we talked about this
with a start. It was grim reading for the fifteen
to nineteen year olds. It still is ten percent lower there,
but you just say to step back market, look at
the trend. It's actually been tough since twenty twenty three,
and that was after a stronger to decade of steady growth.

(10:01):
They were not really creating new jobs at all at
the moment, and they're in Liza conundrum for us, isn't it?

Speaker 2 (10:07):
That is the truth? Numbers please? So Dow Jones airs.

Speaker 11 (10:11):
Down one hundred and thirty three points point three percent,
forty thousand, seven hundred and sixty eight. The S and
P five hundred down nine points, which is point one
four percent, sixty three seven nine. The mark there in
the Nasdaq just up a little bit, up forty points
twenty one thousand, one hundred and forty eight. As I said,
European marks a little bit weaker. The foots one hundred
down point four to three at nine o eight won

(10:32):
the close there.

Speaker 2 (10:33):
I know.

Speaker 11 (10:33):
The Nastack was down, sorry, the DACKX, the German market
down of a one percent, the French market down about
half a percent. The nickety fell one point one percent yesterday.
Four hundred and forty seven forty thousand, nine hundred ninety
eight Shangho composite up small three five nine seven. The
Aussi's Yesterday gained about a third of percent eighty six
nine seven a week gain just under half a percent
in New Zealand twelve thousand, nine hundred and ten Kimi

(10:55):
dollar point five nine seven one against the US point
nine one six, ousie point five one four eight euro
zero point four four sixty six against the power eighty
eight point sixty two Japanese yen gold three thy three
hundred and ten dollars. A break crew ticked up a
little bit sixty eight dollars and ninety seven cents.

Speaker 2 (11:10):
Good stuff. You here to murrow you after Saint Bart's.

Speaker 13 (11:12):
No I'm gonna I'm going to wander along tour.

Speaker 3 (11:14):
I thought I'd do the whole week night love work.

Speaker 2 (11:17):
When you say the whole week, it's Tuesday, mate. Nice
to see Andrew House, Hendrick Keller, a j and my
wealth us get dot co dot end z And it's
people like Andrew that have I ARTA wetting their pants
at the moment. Second successive year internationally, a Transport Association
of Course World Airline industry will end this year ahead
of twenty nineteen revenue above pre pandemic levels for the

(11:38):
third success of year. In fact, one hundred and seventeen
percent of twenty nineteen levels passenger revenue, one hundred and
fourteen percent, cargo revenue, one hundred and forty one percent
other revenue, and one hundred and eleven percent passenger yield four
percent above twenty nineteen. So not only are more people traveling,
they're paying more to do. At six twenty one at
news Talk.

Speaker 1 (11:57):
Seventeen, The Mike Hosking Breakfast, a full show podcast on
iHeartRadio powered by News Talks, It'd be here we go morning.

Speaker 2 (12:14):
Mike's scrapping the payWave charges wrong. Retailers were just up
their prices to cover regardless of what the government tells
us might read the surch charges. I've got a cafe
I do pass on the surch charges this where it
presents a minimum fourteen hundred dollars a month, So we'll
deal with it later. But this is the point, Mike,
do you understand the credit card debit cards surcharge announcement
by National It appears to me they should have banned
the banks from charging now here's your issue. It was explained,

(12:37):
it's not been well covered. The Commerce Commission ruled the
banks overcharge and they're going to have to contain themselves.
Whether the government legally can tell a bank to not
do this, I don't know, but the Commers Commission has
moved on that side of the equation. Nicola was at
Pains yesterday to explain that. Just the media didn't run
with it. So now we're left with you at the

(12:59):
cafe not getting the charge and where that whether that
gets slipped into a scone or a coffee and they
don't tell you about it, or how that unfolds. But anyway,
as I say, more later, Sex twenty.

Speaker 1 (13:09):
Five trending now with Chemist where House Great savings every day.

Speaker 2 (13:15):
James Cameron Avatar update trailer was shown. If you happen
to go to the premiere of the Fantastic Four film,
you will have seen the trailer. Now they've released it
for everybody. The trailer was filmed in twenty fifteen twenty seventeen.
Why well, because basically he Cameron was waiting for technology
to advance to help with some of the CGI stuff.
So the new film's called Avatar, Fire and Ash and

(13:35):
instead of the instead of narvy narvy fighting humans are
they're up against Oh my god, they're up against rebel tribe.

Speaker 10 (13:43):
The strength of the ancestors is here.

Speaker 1 (13:48):
You cannot live like this baby in hate.

Speaker 14 (13:57):
You can't do.

Speaker 2 (13:57):
It, then you must do it.

Speaker 14 (14:04):
The children, no, no, no, and we will find another way.
Your goddess.

Speaker 3 (14:23):
Has no dominion there.

Speaker 2 (14:28):
You can't live like this baby. Did he write that
line in twenty fifteen as well? I mean, how old
fashioned does that sound? Sam Worthington, Zoe Saldana, Sigourney Weaver,
Kate Winslet, Cliff Curtis Theatre is December nineteen, just in
time for Christmas, and then for the follow up. Once
you're all fizzed up about that, the next one comes
out twenty twenty nine, so not long to wait, and

(14:49):
then the follow up twenty thirty one, so fortunately he's
pumping them out like dollar bills. News is next here
on the Mike Hosking Breakfast, and then we'll talk gaming.

Speaker 1 (15:00):
A gender and talking the big issues the mic hosting
Breakfast with Bailey's real estate altogether better across residential, commercial
and rural news.

Speaker 3 (15:09):
Togs Head been like.

Speaker 2 (15:10):
The removal of fees that electronic transactions could push us
back to cash. I don't see that as a bad thing.
I'm not sure how you work that out because there
are no fees. Therefore it's no cheaper to use cash,
so why would you use cash. Or if they do
put their prices up, you're not going to get it
any cheaper with cash, so nothing to wear any changes,
does it? It's now higher Mike, This is the point.
I don't I don't think I think people are going
to wake up to this throughout the day. It's now

(15:32):
higher than ten percent. When you said on this is terraffs.
It's not. Technically. Trump said the world's going to end
up fifteen to twenty. The rest of the world, small
countries like US fifteen to twenty, so he's not landed
on anything. But if it is higher than ten, it'll
be fifteen, if not twenty. Textas says the answer is
to grovel and promise to quietly start moving trade from

(15:52):
China to India and the US plus increase our defense budget.
I'm not sure it's as simple as that, but it's
as Andrew pointed out, ten percent it was a billion,
hasn't a cost to US twenty percent suddenly two billion.
We got two billion, though we don't twenty two to seven.
Egan's got a wild or have they? Germany likes it,
Italy goes could have been worse. France hates it. And

(16:14):
there are twenty seven companies in the EU and they
all got to aggres. So where do you reckon that goes? Anyway?
I'm more with Catherine shortly means I'm back here. More
good news from our video game sector. Grinding Year Games.
They reported one hundred and five million dollars worth of
revenue for the very year ending in September. Are they're
the ones behind Path of Exile if you don't play games?
Jonathan Rodgers as the managing director and is with us,
Jonathan morning.

Speaker 15 (16:33):
To you, Hey, good morning.

Speaker 2 (16:35):
Now you're the one with ten Cent involved, don't you.
They came in crowdfunded, then ten Cent came to town.

Speaker 15 (16:42):
Yeah, so they're ten Cent bought the company when would
have been now, probably twenty twenty eighteen something like that.

Speaker 2 (16:50):
Are things booming? Is life good? Absolutely?

Speaker 6 (16:54):
So?

Speaker 15 (16:54):
I mean we just released part of itself too into
early access in December, and you know it was a
great LAFE launch. We got to number one on Steam,
which is, you know, the largest sort of video game
sales platform, and we you know, more than double the
number of players who are online in any one time
compared to what we had for patviks On before it.

Speaker 2 (17:11):
I was thinking about this this morning and that often
we talk about the New Zealand story and the New
zealandness of whatever the success is. Is that apply to
gaming or basically as you can be anywhere, can't it
doesn't sort of matter.

Speaker 15 (17:24):
Yeah, you absolutely can be anywhere. And that's honestly one
of the great things about is effectively what we are
is we're an export industry. That's, you know, effectively exporting
a bunch of things overseas, except we don't actually have
to shift anything. So, you know, New Zealand actually a
great place to be for that reason.

Speaker 2 (17:38):
Is your growth path the same as the industry's growth
past than this country. Is everybody doing wellish?

Speaker 15 (17:44):
Everyone's doing pretty well. I would say, honestly at the moment,
we're probably doing better than average. Actually why well, it
really comes down to just I think that we've really
sort of managed to nail the formula we have. You know,
we've so we release what's called a games as a
service game. This means that it's we don't just have
one big release like a movie or something where you
you know, you come out and then you know, people

(18:04):
pay money and then they never do again. You know,
we have updates every four months.

Speaker 10 (18:09):
You know.

Speaker 15 (18:09):
That means we've got kind of reoccurring revenue. And this
is just kind of a formula that you know, we've
been able to do really well. You know, we've been
We started selling in twenty twelve, so we've been going
along since then. So effectively, I just think we've managed
to just develop a good formula and make a good product.

Speaker 2 (18:26):
And the people hooked in that sense they once you've
got them, you've got them.

Speaker 15 (18:31):
Well, I mean, the people who play a game like ours,
they don't necessarily play all the time. So ouse of
of idea is that you know, someone will will make
a release, people will play for two three weeks, that
kind of thing. Then you know, they'll have their fill,
have their fun, then they'll go on, they'll do something else,
and then you know, we'll do a new release and
I'll come they'll come back again.

Speaker 2 (18:49):
Is there a common analogy in successful games, whether technologically
or marketing or concept wise.

Speaker 15 (18:55):
I mean, I guess fundamentally with games, you're looking to
deliver some kind of fantasy, you know, something that people
really enjoy, you know, like so there's a lot of
that kind of going on going on with it. Obviously,
you do have to be technically locked in, you know,
the game needs to work well and that kind of stuff,
But it really just comes down to the design and
you know, are you delivering on you know, on the
fantasy that people want and.

Speaker 2 (19:13):
What do you reckon the path is if I ringing
you in a year, we're still growing, We're still booming.

Speaker 15 (19:18):
Well, i'd like to think so. So yeah, part of
Excel too, as I said, as an early access at
the moment, it's not technically you know, out fully yet.

Speaker 3 (19:24):
The way that it works in.

Speaker 15 (19:25):
The game industry a lot of the time these days
is that you know, you can start selling your products
and you know a lot of players who want to
come in early will start playing it. And so we
were already incredibly successful just with that, and so you know,
when we actually go into full release from we've actually
finished the game, I'm sure we'll even be a lot
more successful.

Speaker 6 (19:41):
Again.

Speaker 2 (19:42):
Fantastic, We'll stay in touch, appreciating congratulations, Jonathan Rodgers, Managing
director of Grinding Gear Games, nineteen minutes away from seven.
Posky's deposed against that we got the job numbers yesterday
for the past year. This is from stats, as opposed
that we did the job ads on this program this
time yesterday. But the stats came out with the June
year a number of jobs down. Of course Andrew alluded

(20:03):
to it briefly, twelve one hundred and sixty nine job
has been lost in construction. It's a hell of a
lot of jobs, hell of a lot of lives. So
manufacturing five eighty eight hundred and fifty jobs gone, Scientific
technical services over five thousand jobs gone, Admin support services
forty eight hundred jobs. Education, training and primary though adding
jobs fifteen to nineteen year olds, ten percent of jobs

(20:23):
have gone. Auckland's miserable, Wellington's miserable, Canterbury's on the up.
So it's the same old story until that turns around.
It's always the last thing. Jobs are always the last
thing in the economic conundrum. Until that turns round, We're
going to stay in a funk. Eighteen to two.

Speaker 1 (20:41):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talk.

Speaker 2 (20:46):
ZIPP but here's the hope as regards the job, here's
the hope. See the BENS Chief economist Mike Jones yesterday
was still saying they're still seemingly running this line. You'd
like to hope they know more than we do. Because
they're still running the line. The underlying drivers of the
recovery remain in place and should reassert themselves in coming quarters.
Fingers Cross six forty.

Speaker 16 (21:07):
Five International correspondence with ends and Eye Insurance.

Speaker 3 (21:11):
Peace of mind for New Zealand business right.

Speaker 2 (21:13):
The Gatherine Piel Very good morning to you. Good morning mane.
Now this I mean, do you actually have a deal,
Do you know what's in the deal? Could you site
me off all the numbers? And does anyone know.

Speaker 10 (21:25):
They do kind of know.

Speaker 17 (21:26):
I think the top line for those who are talking
up the deal is saying that the tariff from most
EU goods will now be fifteen percent as opposed to
what was meant to be thirty percent comeess Friday. Now,
then you start talking to people and you get some
people who say, well, the EU is the world's largest

(21:48):
exporter of goods. It was in a position to promote
trade based on law, based on the stable business climate,
or market confidence. And then you hear the EU spokesman
just a couple of hours ago say look, this was
the best deal we could get.

Speaker 1 (22:04):
This is great.

Speaker 17 (22:06):
Then you took people who say, well, you know that
Luke warm bit of a fiasco, but it adverts a
trade war. And there's others who are now saying this
was nothing short of humiliation by the EU. It was
cow tewing to Trump failed to use leverage the EU had,
And I think it comes down to the French Prime

(22:26):
minister who said it was a dark day for the EU.
It was a day when the EU resigned itself to submission.

Speaker 2 (22:33):
Did you maybe I missed it or wasn't paying enough attention?
But vonderlyin turns up at Turnbury. Well apparently it's fifty
to fifty according to Trump, we don't know what's going
to happen. Ten minutes later, just comes out deals done.
What the hell happened there?

Speaker 17 (22:48):
You know, some of us, like you, Mike, remember the
New ZEALANDERU Free Trade Agreement, that first round of talks
July twenty eighteen, final agreement signed July twenty twenty three.
Trade deals are not done in five minutes after Trump
has had a round.

Speaker 2 (23:05):
Of golf exactly. This is not how it works.

Speaker 17 (23:09):
So we go back to that other old old saying
the devil will be in the details. What is really
in the deals? Yeah, okay, it's enough to give Trump
a victory lap.

Speaker 9 (23:20):
So he did a deal.

Speaker 17 (23:21):
This is great. Will it still be a deal in
two weeks time? Will it be worth anything? No one
really knows. Or is it just a straight out.

Speaker 2 (23:29):
Booby trap for European unity? Because this is the next
thing we must remember. There are twenty seven nations involved.
They've all got to agree what chance and and the
threat against them not agreeing is what just and all
out terror for.

Speaker 17 (23:41):
And then it's an all out war within the EU.
I mean we've got, you know, for example, just in
the last couple of minutes, a Hungary who's no fan
of Vonderlyon saying that she just rolled over gave Trump
what she want. The nickname around town is Vonderlyon now
be known as Vonderaline, lying down, giving way. I mean,

(24:03):
let's look back at the EU mic Like everything, the
premium is on unity, and that once that unity disappears,
Europe is very weak.

Speaker 2 (24:11):
What are they going to do in bord Army. It's
not even August yet, and you're still dealing with the
summer and the grapes of forming and all that sort
of stuff. But the US is twenty percent of the
bordeaux market. They must be beside themselves, mustn't they?

Speaker 17 (24:20):
They are absolutely beside himself. I mean they've already got
to drop of around twenty percent on their annual exports.
I mean, this is a huge market, seven hundred and
fifty million New Zealand dollars worth each year and they
still don't know what the tariffs are going to be now,
as any New Zealand export knows, you put your product
on a ship, off it goes, and you just hope

(24:42):
that the tariffs don't change, betraying the time it leaves
your portal. When it gets to, for example, the US,
they're just completely beside themselves.

Speaker 2 (24:51):
Mic.

Speaker 17 (24:51):
I mean, think back March, Trump said it would be
a two hundred percent tariff on EU wines and spirits
because they were angry about the tax on US. Berman
and April is that it was twenty percent, May that
it was ten percent, and it was back to fifteen percent.
But all these guys are saying is we've got wine.

Speaker 2 (25:08):
We want to.

Speaker 17 (25:09):
Get it out there, get it onto the market. Some
of the smarter merchants are saying that it's just going
to have to change the whole way they do business,
no longer base their strategy on a single or dual
country style.

Speaker 2 (25:23):
They are interesting times. Just quickly. That Macron declaration the
other day that he's going to wander off to the
US later u En later this year, and the clear
Palestina state is that applied what he thought would be
the appropriate pressure for other leaders in Europe. Has it
fallen a bit flat?

Speaker 17 (25:38):
No, it's about right. It's about right. When you know
the thing about Manual Macron, he doesn't make announcements off
the cuff. He does check on the basis before he
does it. It's been in the works for a couple
of months. He held it off earlier this year in April.
You know, this is a man who just does not
make that sort of announcement without having checked around with

(25:58):
the allies.

Speaker 2 (25:59):
As you're Catherine, Nice to talk to you, Catherine Field
in France. You know, I was reading about Federated farmers
over the week. He said, we should be proud to
have butter in this country. A premium product, and it
suddenly occurred to me. And you know, the French don't
complain about Chateau Lafitte. Chateau Lafitte is or any of
the great Bordeaux. Chateau Lafitte is a couple of thousand
dollars a bottle. Ninety nine point nine nine nine nine
nine percent of us, including the French, counterfort a bottle
of chadow lafeet. But they're not sitting there going, oh,

(26:21):
it's to expensive. Someone should pay for that. Nine minutes
away from seven.

Speaker 1 (26:26):
The Makehoskill breakfast with the land Rover Discovery News tog sad.

Speaker 2 (26:31):
Be for fear of reigniting it. I knew you'd say
the Chateau Lafitte isn't a staple, Mike, neither's butter. Work
it out. Why fixate on butter? Want to fixate on milk.
Milk's more staple, though I would have thought than butters.
But we didn't fixate on that. By the way, the
Katari plane, we've forgotten about that. You know Air Force
one little you know the Qataris gave them a plane Trump,
a plane unconditional. We got the details of the deal

(26:54):
signed by Higseth and the Qatar Deputy Prime Minister and
Minister of State for Defense Affairs fight quote unquote bona
fide gift to the Defense Department. This donation has made
in good faith, in the spirit of cooperation, a mutual
support between the parties. Nothing in the CMU or is,
or shall be interpreted or construed as an offer, promise,

(27:15):
or acceptance of any form of bribery, under your influence
or corrupt practice.

Speaker 9 (27:18):
It just literally, you get a plane. You get a plane.

Speaker 2 (27:21):
How it works. By the way, if you're just thinking
of leaving for Australia to live because you hate this
place now in New South Wales lost more than forty
five thousand jobs in two months. I keep telling you
Australia is not the green grass you think it is.
New South Wales. That's not Australia. It's just one state
within Australia has lost more than forty five thousand jobs
in the past two months. The unemployment rate in that

(27:45):
part of the world's above two hundred thousand for the
first time in age is Paramatta unemployment rates five point seven.
It's now above five percent. Unemployment rate in much of
Western Sydney. Blacktown's fire point four Southwestern suburbs, fire point
four inner Southwestern suburbs. Five unemployments risen in fourteen to
the fifteen major statistical districts in the Greater Sydney area.

(28:07):
So Milk and Honey, I don't think so. Five away
from seven.

Speaker 3 (28:12):
All the inns are the outs.

Speaker 1 (28:13):
It's the fizz with business tiber take your business productivity
to the next level.

Speaker 2 (28:19):
As Andrew alluded to, a big, big, big week in
the States and their economy, and their economy affects all economies.
Of course, So the data is going to flow like
an atmospheric river. See what I did. Then the data
is going to flow like an atmospheric river.

Speaker 9 (28:34):
So it may or may not.

Speaker 2 (28:38):
We might have to issue an orange warning jobs report.
Now we got that coming inflation, we've got consumer confidence,
We've got corporate earnings. They're getting their Q two GDP number.
They think the Q two might have improved. Now that's
going to be interesting because of course they'll go see
teld you. Jerome is going to make a decision as
to whether to cut or hold their rates. And then

(28:59):
we got Friday, which is Saturday our time, the tariff
deadlines up. Well, that may or may not be a deadline.
Of course, the big names in tech, they're releasing their earnings.
That looks good. Eighty percent of the s and P
five hundred of beatetn their estimates. Consumer confidence was at
its lowest level since the pandemic when Trump F hast
announced his tariffs. So we'll see where all of that goes.
The market looks good. Oil's coming back. They're drilling, baby drilling.

(29:24):
Their companies are doing that. One of the concerns was
I mentioned the other day. With these results, which of
course are all retrospective. Business results are all retrospected, one
of the it might mask what is coming with tariffs.
There is still a belief that tariffs are not good
for the economy in general, so what we might be
seeing with these numbers may well mask. But then the
usual debate will ensue. Now tap and go, we ended

(29:45):
this or not we like this, or we're just going
to complain some more about it. We'll look at who's
who's that effect More shortly.

Speaker 14 (29:50):
For.

Speaker 1 (29:53):
The breakfast show, Kiwi's Trust to Stay in the Know,
the Mic Hosking Breakfast with a Vita Retirement, Can You
Life Your Way?

Speaker 3 (30:01):
News togs had been.

Speaker 2 (30:02):
Seven past seven we've got some banks around the credit
card fee news. The band is coming by main next year.
Banks will still charge retailers, although the Commas Commission had
some ideas around that. So the concern is can a
retailer soak up the different Sam McKinnon's the head of
advocacy at the Hospitality in New Zealand, and it's whether Sam,
morning to you.

Speaker 5 (30:18):
Good morning mate.

Speaker 2 (30:19):
What's the bill for the average retailer? You got the
idea of roughly run numbers.

Speaker 5 (30:24):
Well, like I think it sits between one and two percent,
so or around that sort of two percent mark. So
obviously that that's a bit different depending on which business
you are in payments you're accepting.

Speaker 2 (30:36):
What's the reaction? But I've been disappointed at the level
of banks. I mean, I would have thought this is
a good news story, isn't it.

Speaker 5 (30:43):
Look I think we're supportive of the intent behind the
proposed being, but you as a solution doesn't get to
the core of the issue, which is the fees that
banks are charging to accept payment.

Speaker 2 (30:52):
Does the Commons Commission though, and their ruling or their
decision make a difference on that front.

Speaker 5 (30:58):
The reduction and interchange fees is helpful, but we don't
have any transparency around how those savings will be shared
or what the what the flow on will be for
businesses to be able to actually pass those costs on
to the construy.

Speaker 2 (31:09):
But once you get transparency, it might be the Commerce
Commission have done a good thing.

Speaker 5 (31:13):
Possibly, yeah, possibly, but it's part of part of the
overall system in terms of what we charge for, in
terms of what payment fees we're charged as merchants, and
so it kind of deals with part of the problem,
but not the whole problem.

Speaker 2 (31:28):
What should they have done if you've got your magic
wand and you're running the place.

Speaker 5 (31:33):
Look, I mean, I think for us, it's about thinking
about what are some substantive changes that can be made
to reduce costs for merchants and consumers. So just just
by passing the ban on to the business and the
point of sale, I think that that just means that
we have to shuffle where our costs are felt across
the business. So we're currently just passing those costs on.

(31:54):
I think, you know, noting that the Minister's release talked
about there is some overcharge happening, there's still one hundre
a million of genuine costs that's being passed on to
the consumer, and that business has been businesses are being
left to absorb those feats.

Speaker 2 (32:07):
How much of it sens with the consumer because you
don't have to pay this, you don't have to tap and.

Speaker 5 (32:11):
Go well exactly, and I think that that's you know,
these changes just pass on some of the penalized people
who choose to insert their card when they're paying or
pay with cash, because the cost will be reflected in
the price of the goods rather than that the payment.
So yeah, I mean it's up to the up to
the customer to choose that they can still choose to

(32:31):
pay in ways that mean that they don't pay fees.

Speaker 2 (32:33):
Checking and egg though, isn't it. I mean the line
of profitability. I mean if you put the if you
if you pass the charges on, you do run the
risk that people go, you know what, I'm not paying it,
therefore your business stuff isn't run around we go.

Speaker 5 (32:44):
Yeah, yeah, I mean there's there's always that risk. I
guess for for hospitality, we've got famously type margins and
so we've kind of got that balancing act to manage
cash flow and manage revenue. In the current environment, and
so I guess from ours that it's a little bit
in a government that calls itself pro business as fundamentally
at in costs for a business without dealing with the

(33:05):
core issue.

Speaker 2 (33:06):
All right, so IM appreciate it very much. Sam McKinnon
who's the head of advocacy at Hospitality in musical and
don't worry Scott Simpson who's the Comments and Consumer Fears minister,
he's the man behind it is with us in about
twenty minutes time, ten minutes past seven as give you money.
There's a claim the government kept it a bit on
the old d LO. But the Crown boards are in
for some very large fee increases, some of them up
to eighty percent. So chairs of some of the big
boards are going to be earning eventually about one hundred

(33:28):
and sixty thousand dollars a year. Judith Collins, public Services Minister,
is of course with us. Judith, morning to you.

Speaker 5 (33:34):
I'll good morning now.

Speaker 2 (33:35):
There is logic in us watching the prime ministers of
post Cab yesterday, there is logic it got way. How
did it all get out so out of line that
we need this sort of readjustment.

Speaker 10 (33:44):
Oh, there wasn't any increase. So it's about the last decade,
apart from a ten percent increase the previous government to
in twenty two twenty tween two. And I think the
problem is that government's basically lost the bottle to actually
say we can't have our chair people of these organizations
that many cases are responsible for hundreds of millions or

(34:07):
thousands of millions of dollars of assets being the poorest
people paid people in the room. Because that's basically what's
been happening. And if we want to get good people
to come and help us to reform the public service
and to if you get these crowny deities really going
and coming as they should have been, we.

Speaker 12 (34:27):
Are going to have to pay for that.

Speaker 10 (34:29):
And so this is not a right across the board increase.
It's saying these are the free ranges so that we can,
for instance, you know, from of these crowny entities at
the moment, the chairperson of that board we paid forty
thousand dollars. If you're a busy lawyer or a busy accountant,
or you're a busy business person, you're sitting there thinking
why the hell would I do that? Take all the

(34:50):
political risks, take all their hits for forty thousand dollars.
And by the way, I'm not doing my own business
in that time. And if you're in Wellington and you're otherwise,
you live in Auckland, your workers in Wellington, that's a
whole day, two days, three days maybe taken up on it,
and why would you do it. So in those cases,
like the profit sector, equivalents about seventy thousand for those

(35:12):
sorts of same jobs. And you know, we can't keep
putting people into jobs that.

Speaker 12 (35:18):
They're not qualified for.

Speaker 10 (35:20):
But also we can't just run us like some sort
of tin pot outfit, which is what I'm sorry to
say some of the previous government did.

Speaker 2 (35:30):
Yeah, I was going to say, I don't want to
be too unfair, but if you look at the health
in New Zealand, I mean there were some unusual people
on there that needed to be moved on.

Speaker 10 (35:39):
Look, if you choose people on a merit, you're going
to get the right people for the job. And that
doesn't mean to say you go through a little box
and say can I tick off this number of ethnicities,
this number of genders, this number of whatever. You just
get the right people for the job, and those right
people the people who really know how to do this job.
And I've done this job the past before I came

(36:01):
into politics.

Speaker 12 (36:02):
It's hard. They're not going to do it if.

Speaker 10 (36:04):
They've frankly insulted and they're told their time stop worth anything.

Speaker 2 (36:08):
Couldn't agree more. Put your ag hat on just really
quickly your opinion on the voting changes. How hardline are
you on that has the government in your ag view,
made a serious error or we can debate this well.

Speaker 10 (36:24):
I've taken the position of not longly discussing these Section
seven reports, but I can say this, I am as
the Attorney General. I'm deptually bound by the rulings that
have already happened and the law as it has developed.
And given that the previous voting restriction on prisoners received

(36:49):
a Section seven report by the former Attorney General from Lason,
and there's been court cases since the including Supreme Court,
I am surbound by the law that there's not as
the law might be in the future. So it's it's
I just give my advice for government based on the
all wizards got it well.

Speaker 2 (37:09):
So appreciate it. Judith Collins, the Attorney General and Public
Service Minister by the Way in New Zealand chairs on
two seventy, Fletcher Building chairs on three forty Health New
Zealand one twenty five. So you can still even the
Stiller gap. Fourteen past.

Speaker 1 (37:25):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks a.

Speaker 2 (37:31):
B Morning Mike. You using Judith logic, the same should
be applied to government CEOs. They should be paying market value.
I tend to agree, but they don't, and you get
the sort of people that you want. There's an altruism
line in there. And I'll come back to that in
just a couple of moments, because I know a couple
of people who volunteered their services, but there's an altruism
line in there that you're doing good for the community.
Blah blah blah. But you know, generally, if your pay peanuts,

(37:53):
the rest is. You know what the story is. Seventeen
past seven. Now we've got some bad behavior on the
sports field again, so all out all between parents and
students is during the Auckland grammar game against De La
Cell match was called off. Eight coppers were needed to
break the mess up. Kevin Partter's the form of spring block.
Of course, our current rugby seven's coach a King's College,
and he's, well, there's Kevin morning to you.

Speaker 6 (38:14):
Good morning, Mike.

Speaker 2 (38:15):
How often would you see this sort of stuff in
a season.

Speaker 6 (38:18):
Well, if you're talking all out brawls and that, that's
obviously very isolated because media had picked that up a
heck of a lot.

Speaker 10 (38:24):
But if you're talking.

Speaker 6 (38:24):
About the intolerance and volatility of it, you'd see it
nearly every week.

Speaker 2 (38:30):
Jeers, and is it getting better? Is there any sort
of overarching we're a bit over this kind of behavior
thing going on or not really?

Speaker 6 (38:38):
Well, it's the exact opposite. I think there's people wanting
to get over it. But there's a few contributing factors
in my view, Mike. One is the poor old volunteers disappearing.
You know, the good referees that are about flipping seventy
years of age running around the field.

Speaker 3 (38:52):
They're just not willing to put up with.

Speaker 6 (38:54):
The good people have gone from it because of the
abuse and intolerance it goes on, and so that's, let
you know, sort of reduce the control factor around school sport.

Speaker 2 (39:03):
Jeez. So when somebody yells out and abuse as a referee,
doesn't someone on the standlight like a normal person, go,
don't be a dick and shut up or something like that.

Speaker 6 (39:10):
Oh yeah, and you're one hundred percent. But I mean
you have a look where we're living in a much
more intelligent and volatile, nearly an angry society. Look at
the amount of road rage, and that's increased as to
what we would have seen in the past. So you're
dead right that that can happen. But that invariably leads
to what you've just spoken about, of those reactions that
become mass and group orientated rather than just an individual.

Speaker 2 (39:34):
Is it elite level only or not not at all?

Speaker 6 (39:38):
I mean, that's the saddest thing you can go along.
And I'm not going to suggest that you can expect
it at elite level or at maybe first fifteen one
A stuff. But what you have got is people could
be playing a six A game and suddenly you've got
kids that have been under such pressure from the parents
are filming the game, and everything's the suggestion that they

(39:58):
are the meal ticket jee as this is my son's
future or my daughter's you know, career that's on the
line here, and it's so inaccurate. So I don't know,
I even look back that maybe maybe media have got
a little bit to play here. Look at the Lions
from the weekend. What's the biggest story to come out
that the rest got it wrong and we've got an
angry society we're going to see on the weekend.

Speaker 13 (40:19):
That's just no different to the British Lions versus OZ.

Speaker 5 (40:22):
You get what I mean.

Speaker 6 (40:23):
There's a lot of championing of the negatives.

Speaker 2 (40:26):
Idea Kevin nice to talk to you appreciate it. Kevin
part who's Rugby Simons coach at King's Mike. If those
board chairs are up for big pay increases, they should
also be made openly accountable with things go right well
they are. I gave the Health New Zealand example, the
lot of them went. They got booted out because they
weren't up to much. Come back to that. Seven twenty.

Speaker 1 (40:44):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks Evy.

Speaker 16 (40:53):
Right.

Speaker 2 (40:53):
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So you've got one NET, you've got Grizzly AI. You're
onto a winner innovation leader since the year two thousand
asking right now if you want to get a bit
angsty about these voting changes, the one everyone seems to
have missed is the one about how it's been changed
because we're so hopeless. See, on the disenfranchised side of
the equation, I've got little of any time for it.
An elections held. I don't know if you realize this,

(42:17):
but an elections held every three years between the last
one and the next one. That's a lot of days,
and at some point you might want to stick your
name down to have another crack. The fact you can't
rock up on the day is only going to disenfranchise
you if you're a bit disorganized. Everyone loves a conspiracy theory,
so if you jumped on the old oh it's going
to favor the right. No it's not. But here's the

(42:37):
bigger question. Why can't you enroll on the day? You
know why? Because we can't cope? Why can't we cope
because we're a small island backwater with the technological mentality
to go with it. I asked Paul Goldsmith, the Justice Minister,
on the program last week why we aren't like the Germans.
The German elections have their results as the polls closed.
Watch the next time. It's fantastic. We don't, he said,

(42:58):
because they're efficient. Why aren't we efficient, I asked him.
You might have heard, he laughed, as well. He might.
Elections technologically, there are a thing time forgotten this country.
I mean, years back, we talked to phones and votes
and electronic registration. None of it's happened, none of it
ever will. We can't conduct a census properly. For God's sake,
we make a Mariah polling station where the CEO is

(43:20):
also a candidate. We still have rules being changed around
food and drink, despite the fact that got first raised
as an issue one hundred years ago when they called
it treating. We got mail votes at local body elections,
despite the fact no one uses mail, so the post
officers beside themselves. Our rules around political donations, they're constantly
being tinkered with. Elections just appear a bit hard for us.

(43:41):
It is true there are issues elsewhere, of course there are.
We don't seem to have waiting times many countries do.
We're corruption free, which is good. Participations high, that's good.
But the fact you can't execute a fairly simple and
logical idea like same day registration does remind you that
when it comes to moder day efficiency, it's not a
disenfranchising scandal that did us in. It's the gliding on

(44:02):
nature of how we run things asking I think the
discussion around what board directors and members get paid should
be extended to schools. The outcome of having people who
paid sixty bucks a meeting is directly linked to the
state of education. I think that's probably too too. The
altruistic thing. I won't name them that. I know a
bloke who rang the Prime Minister and he works these
days at a very high level in one of the
bigger state operations. He rang up his successful go rang up.

(44:24):
He said, look, I've got a day a week, how
can I help? And they put him in a an
influential position who's doing a very good job making changes.
So there's that sort of person don't need the money,
they're just wanting to help. But equally there's a level
of responsibility on the board that you want to go Mike.
The tap and go from the government is good. I
usually don't agree with extra cost of small businesses, but
the cost of a sconder a muffin needs to be

(44:45):
just that. Then the customer chooses to buy it or not.
That's not a bad point. Hey, guess who's back? Brook
gets back Brooke van Velden this morning, she's on to
the farms. Yesterday it was scaffolding. I don't think the
scaffolding went that well for it. They asked what she
was going to do around scaffolding. Let me tell you
how it works. I took a chair at my place

(45:05):
and put it on top of the table, and then
I stood on top of the chair to clean some lights,
and then I clambered down. See I didn't have any scaffolding,
didn't have any cones, didn't have anything. I told this
to the Prime Minister. He griomusd a little bit. But anyway,
more on changes coming to the farm in just a moment.

Speaker 1 (45:24):
Your source of freaking news, challenging opinion and honors facts,
The Mike Hosking Breakfast with the land Rover Discovery Never
Stop Discovering News, togdadv Well.

Speaker 2 (45:35):
Mike, the new infrastructure will get a good workout today
and tomorrow. Hopefully it copes, and so do you, Graham.
Very nice of you to raise my infrastructure. But I
think yet again the weather's been overegged I am hoping
for carnage. Meteorologically speaking, this is not wishing ill will
on anyone around the country. But I look at the
forecast and I just don't think that what we put

(45:55):
into the land last week is really going to get tested.
I think it's going to laugh what's coming its way.
There's a short burst, there might be a downpour, there's
a bit of wind. So I just don't think it's
up for the test. But you're very kind of raise
it morning, Mike. It also astonishes me. It scares back
to the jobs that gave you in New South Wales
and all the cardige they've got economically across the Tasman
at the moment, versus all the people who want to

(46:16):
leave New Zealand and go to Australia thinking it's the
land of milk and honey. It always astonishes me how
little Australia and New Zealand know of each other's domestic affairs,
because so little news about Australia features in our media.
It's such a good point, Peter. I think many New
Zealanders come to the conclusion that Australia does not have
any problems and that life there is all milk and honey.
In reality, both of the problem New Zealand has problems

(46:37):
in Australia. You couldn't hit the nail on the head
twenty two minutes away from seven Time lab understaking. The
sound is there, Joel Shadbosity is back. This's haven't been
on a throwdown for three years. It's about three hounds
about three, isn't it. I know it's about three our revenots.
It's been three years. No I would have said sex,

(46:59):
but ex actually three right back to making stuff cheaper.
So far this week we've had more products in the
building sector coming to market, which is good. And now
the fees associated with the old tap and go to
the card chair excuse me card transactions are generally being
banned now. Scott Simpson is the Commerce and Consumer Affairs
Minister and he's in charge of all of this needs
with U Scott. Morning to you morning Mike. Are you

(47:20):
disappointed in the reaction from all the people going I'm
just going to pass the cost on?

Speaker 18 (47:24):
Well, yes I am, actually because I think that this
is a real wind for New Zealand consumers and actually
it's a win for New Zealand businesses as well. Making
things simple should be what is part of being a
customer being in business in New Zealand.

Speaker 2 (47:38):
This is a cost on business though, isn't.

Speaker 18 (47:40):
It Absolutely, But in the same way that wages, rent, insurance,
electricity are costs on businesses. My view is that the
price you see on the shelf should be the price
you pay at the till.

Speaker 2 (47:54):
Now, why didn't you whack the banks?

Speaker 15 (47:57):
Because this is.

Speaker 18 (47:58):
Related to what is referred to as interchange fees, and
the ComCom Commerce Commission made some changes a week or
two ago. Now they are lowering the interchange rate by
regulation that'll come into effect in December, and then we
are announcing this ban on surcharges in conjunction with that.

(48:18):
So it's not directly related to the banks, but that's
something we're always looking at and will be front of
mind as we move forward on the legislation on this.

Speaker 2 (48:26):
So do explain it, because I think that part got missed.
I know Nicole of post Cab yesterday tried to explain
it the best you could, but this is I think
most people have missed this news. So the interchange fees,
the Commerce Commission told the banks that they were too high.
Could you not have done more? As a government towards
the banks as opposed to towards the dairy owner.

Speaker 18 (48:47):
Well, that's a matter for the Commerce Commission. It's the
Commerce Commission that regulates interchange fees, so they'll be watching
very carefully this reaction as well. And I'm sure that
in the future, maybe sooner than we think, they might
have another look at it.

Speaker 2 (49:02):
Okay. So when you say sooner than they think, you
know something's coming.

Speaker 18 (49:04):
Yes, well, not necessarily, but the Commerce Commission members they
read and take into account media and public response just
like you and I do.

Speaker 2 (49:13):
Okay, the looseness around fees at retail level. Is there
anything stopping this actually happening? I mean, good on you
for making the announcement. Yes, it should work, but I
mean if he wants to charge one percent or two
percent of through it, what's stopping them.

Speaker 18 (49:26):
Well that's why we need some legislative change, and that's
why it's going to take a little bit longer than
I would want to implement this. It'll be probably sometime
before May of next year that these little stickers and
things are banned.

Speaker 2 (49:38):
Is that as fast as you can go? Because that
was the other surprise yesterday. I mean, it's it's July
twenty five and you're saying May twenty six.

Speaker 18 (49:47):
I'd like to go faster, and the Prime Minister indicated
yesterday if we can go faster, we will.

Speaker 2 (49:52):
Okay, Well, good luck with that. Appreciate it. Scott Simpson,
who's the Commerce and Consumer Affairs Minister, nineteen minutes away
from eight pasket looks back, gears back, she said on
the show. Famously, remember was it two or three months ago?
She came on. She goes, Oh, I've got a whole
bunch of stuff coming on working Health and safety. And
she was right. She's true to her word. So yesterday
it was scaffolding. The media tried to take the mickey

(50:14):
out of her, and I don't think she handled it.
Wasn't her finest moment. But what she's trying to do
round scaffolding is what she's trying to do on the
farm this morning as the announcement. So scaffolding, do you
really it's road cones all over again. You know, when
you're putting up scaffolding. The number of people I've had
around my house to do some painting, and I go,
you know, how much is that going to cost? He goes, oh,
well yeah, I'd take us three days, two blokes three days,

(50:38):
and then you got the cost of the scaffolding, and
I go, what, why do we need scaffolding? What happened
to a ladder?

Speaker 7 (50:44):
Oh?

Speaker 2 (50:44):
No, you might fall off a ladder, and I've never
fallen off a ladder. So anyway, so's that's how that works.
So she's working on scaffolding and whether you need a
lot of scaffolding and certain circumstances. This morning, it's farms.
And here's the thing I didn't realize about farm So
she's going to consult with farmers in the wider community
on health and safety regulations on the realities of what

(51:04):
she terms the realities of farm life. She's going to
amend the general risk regulations so that young people can
safely take part in light chores on family farms. I
didn't even know there were rules around this. This is
so ridiculous. I used to help my uncle in Tamuka
who owned a farm, and I had the best time
as a kid on the tractor and we were climbing

(51:26):
fences and the hay bales. I'm sure it's probably all illegal,
but it all worked out well. Anyway. Thresholds for light
chores that children can do on farms. Do you know
what one of the chores could be that's regulated? In
the collecting eggs?

Speaker 9 (51:41):
I mean, seriously, it can't go wrong.

Speaker 2 (51:43):
No, it can't unless you're break your eggs. You break
the egg and then someone yells at you. But that's,
you know, feeding small animals, watering plants. I mean, we've
got rules run.

Speaker 9 (51:56):
It probably includes chihuahas and the small animals more dangerous
than rottwilers. As we all know.

Speaker 2 (52:02):
She's looking at the as you grow older driving a tractor,
there are rules around driving. I thought every kid on
a farm drove a tractor and a motorcycle. When I
was on a farm, I was I'm thinking maybe ten
to nine on a Suzuki won twenty five.

Speaker 9 (52:16):
I thought there was the whole reason the farmer's head kids,
it's the point was to do the dangerous jobs.

Speaker 2 (52:21):
You go and by the time you actually set your test,
you've come off the farm having been driving the massy
ferguson since you were four, and they go, jeez, you're
a good driving yea, I've been driving since us four.
Apparently there are rules around that.

Speaker 1 (52:34):
Seventeen to two, the Mike Hosking Breakfast, a full show
podcast on iHeartRadio powered by News Talks.

Speaker 3 (52:41):
It'd be.

Speaker 6 (52:43):
Mike.

Speaker 2 (52:43):
The sweet change stuff is a joke. I never used payWave.
If there's a charge, I just swipe and set the cart.
It's a very good point. In a small confession on
my part, I only realized the other day when I
was told by somebody at home who will need to
remain nameless, that if you put your card into the machine,
you don't get charged. I didn't realize that, but it's
true according to people, and I was very uplifting part

(53:06):
of the I always like hearing about New Zealand from offshore.
And there was a very good review yesterday in the
Sydney Morning Herald under the headline like flying business class
with better views on board New Zealand's thrilling scenic train.
And so one of the writers came across and took
one of the great journeys that our rail service provides

(53:26):
these days, Scenic Plus Northern Explorer ten hour journey from
Auckland to Wellington also operates in reverse. And there's the
Trans Alpine and the Coastal Pacific trains, and there's photos
of New Zealand and how beautiful it is and what
you get on board, and I'll tell you what.

Speaker 1 (53:42):
It was.

Speaker 2 (53:43):
I think I knew the prices, but it was confirmed
for me. It's cheap for a holiday on a train
to go see the chunk of the North Island. And
rail's fantastic. These are these beautiful trains with big windows
and stuff like that. It's about five hundred bucks, which
I think of all the things you have, all the
money that we're to I don't know whether that includes
the surcharge if you tap him go, but it's about

(54:03):
five hundred bucks. And the food include food and drink,
and you stay at a place in the middle of
the North Island that was nobly expensive either. So you
can see New Zealand for a comparatively affordable price. Then
also while I was wandering through the Sudnay morning Herald
Day came across Neil Breen's peace. He's the sports editor
and he unfortunately under the headline the premiership is there

(54:25):
for the taking of the Raiders can hold their nerve
no matter which way you cut its, He rites, the
twenty five premiership is there for the Raiders. He goes
through a couple of provisos, like all journalists do just
to cover their ass, you know. He goes, ah, tell
you what the Raiders is going to win? Ah, But
and then he goes through that anyway, He's come to
the same conclusion that seemingly everyone else has come to

(54:46):
around the Warriors. The Warriors, he comes to. He looks
at all the different teams that are potentially the prospects.
He worries a bit about the Panthers, as you do,
because they're there or there are bouts. He thinks the
Bulldogs might have blown it with a guy called Lockey Galvin.
I don't know anything about Locky Gelvin, but Locky Gelvin
apparently is going to stuff it all up for the Bulldogs.

(55:06):
I hope he does. I mean, I hope he does
in a couple of weeks when we play them. I
hope Lockie has a dreadful game. I hope Lockie is useless,
even though I've never heard of him. He's got a
rude hair cap. But mind you, most of them legally
these days got a root hair. It's some of the
faith thing going on. You notice that with a lot
of athletes, the fade down the side just and not
just a fade when our kids were getting fades. When
fades came in, you went to the right person, and

(55:27):
you've got a fade that looked like a faith. This
is just a hack, you know. It's just like that.
They're probably doing it at home.

Speaker 9 (55:33):
It's just shaved.

Speaker 2 (55:34):
Really, yeah, exactly, it's not. It's not a fad. It's
a shave. It's exactly right.

Speaker 9 (55:37):
It's a I was going to say it's a short
back in size, but it's a short.

Speaker 2 (55:40):
Side, no sides. It's like full on head and no side.

Speaker 9 (55:45):
And the end they'll have a rude mustache to go.

Speaker 2 (55:47):
With it, a mustache thing. I don't understand what's going on.
Christy me a single person who look good in a mustache?
Name me one, sir, Richard Hadley. Now you've been funny,
magn p I we've just had no. No, that's no,
that's a go to answer. That was your Who's the
first person I can think of with a big fat mustache,

(56:10):
Tom Selleck. So that doesn't make it a good mustache,
it just makes it the first person. If you're gonna
go down, Richard Hadley say, Dennis Lily, Well, you know,
but you've.

Speaker 9 (56:17):
Got to sort of wear it in to get a mustache.

Speaker 6 (56:19):
L like that.

Speaker 9 (56:20):
You can't just suddenly have a mustache.

Speaker 2 (56:22):
Does it worry you?

Speaker 13 (56:23):
Glean?

Speaker 2 (56:23):
The half of the audience will be going Richard, who,
Dennis what? Kevin Costner? Okay, Sammy comes in with Kevin
Costner doesn't have a mostache? Mustache? Don't You can't. The
rules of the game, Sammy are you can't name people
who don't have a mustache. That's just stupid, that's cheating. Anyway,
where the Warriors are without half back Luke Metcalfe and

(56:45):
that's the usual thing. So he's another one that's written
us off depressingly. Nine away from eight the.

Speaker 3 (56:52):
Mike Hosking Breakfast with Bailey's real Estate used Dogs.

Speaker 2 (56:56):
Speaking of Sammy, is it are you a proper dog? Owing?
If you on a wet day? I don't know if
you've heard, but there's an atmospheric river sixteen hundred orange
warnings out there at the moment. I mean, go straight
to the Herald, straight to stuff Andy digital outly it
will tell you how bad it is. Noah's coming shortly. Anyway.
On a rainy day, which is what some people call it,

(57:17):
on a rainy day, are you a real dog owner.
If you organize for your new puppy to do their
exercise in an undercover car puck. If you look at
the forecast and go, well, tomorrow it's going to raine.
Little puppy what's its name? I can't even remember its name, Rocky.

Speaker 9 (57:34):
Ironically, storm storm?

Speaker 2 (57:37):
Do you go storm because there's a atmospheric river atmospheric river.

Speaker 9 (57:43):
Storm otherwise known as a storm now storm.

Speaker 2 (57:46):
We're going to walk around a car park tomorrow indoors,
I mean, are you a proper dog owner like that?

Speaker 16 (57:51):
Well?

Speaker 9 (57:51):
What does he do? What a normal person does and
take his dog to doggie day? Here as dead did right?

Speaker 2 (57:56):
George Roper? Somebody texted and George Roper once again? People
ain't who Chopper read. People are definitely going.

Speaker 9 (58:04):
Who oh yeah, well he had the sort of the
move Hughes.

Speaker 2 (58:06):
Yeah. But stupid, I mean it's stupid. You're saying names
with people with mustache. You're not saying good looking mustaches.
Burt Reynolds. No, you're thinking Burt Reynolds in his time
was moderately good looking. David Byrne, yes of Hulk Hogan
looks ridiculous move Hughes, Mark Sainsbury. I mean, they're all
ridiculous mustaches. Is not a single person with a good
looking mustache until the Texter came in Willy a Piata.

(58:30):
I'll give you that one, but are you are you
really could Willy Appiata wear a bag on his head
and you still think he's good looking? I think you would.

Speaker 13 (58:37):
You know?

Speaker 9 (58:37):
What about that one that Robert mcgarby and Michael Jordan and.

Speaker 2 (58:43):
Roberts mcgarby and Michael Jordan.

Speaker 9 (58:45):
Yeah, you know, and who's the other guy? Adolph?

Speaker 2 (58:49):
Okay, no, no, no, no one. It's called a burst fade.
Apparently it's called a burst fade. By the way, here's said.
We didn't do it all we said about thirty minutes yesterday,
Happy Gilmore Too, Happy Gilmore Too, which is out on Netflix,
is a great movie. And what was interesting about it
was I was it was like the movies of old.

(59:10):
It's like I'm being transported back in time to just
simple entertainment, nothing complicated about it. And I said to Katie,
I said, the problem with this, if you hadn't seen
Happy Gilmore the original, you'd think this is complete crap.
To what she said, I didn't see the original, and
this is all new to me, and I'm thoroughly enjoying it.

(59:32):
So it transcends the generation, so to.

Speaker 9 (59:35):
Be, like somebody's saying they've never seen Lord.

Speaker 2 (59:37):
Of the Rings exactly, and I've never seen Lord of
the Rings, but I haven't seen Lord of the Rings too.
When's that out? Is that at the same time that
Avatar five's coming out?

Speaker 9 (59:46):
That's been still have a mustache and happy Gilmore toeo.

Speaker 2 (59:49):
I think he does news for you, and he looks
like an idiot news for you in a couple of moments.
Then we'll catch up with Lab's Joel Shadbolt, the.

Speaker 1 (59:56):
News and the newsmakers, Hi casking breakfast with Bailey's real
estate altogether better across residential, commercial and rural news talks.

Speaker 3 (01:00:06):
Head be.

Speaker 2 (01:00:17):
Here is seven past eight. Life seems good for Joel
Shadbolt at the moment of LAB. Of course, when he
was here three years ago, he was a music teacher,
but he's since handed in the old notice apparently to
go full time on stage. In the ensuing period, there
have been awards and new albums, a new Somemer schedule
that will see them play here and indeed on the
Gold Coast, and Joel Shadbolt is back with us. A

(01:00:37):
very good morning to you. Good morning, I'm very well indeed,
thank you.

Speaker 13 (01:00:42):
Hey.

Speaker 2 (01:00:42):
We had Ed Sheeran on the program last week. One
of the things he's done, the only reason I raised
this is one of the things he's done is he's
given a lot of money, apparently to his old school
for music programs and you know, music teaching and stuff
like that. Do you what's been your experience in teaching
music as opposed to a kid just being a gifted
kid who might well rise to the top at some
later stage, you know, for a love of music. How

(01:01:05):
does that work? Does teaching work and lead somewhere?

Speaker 12 (01:01:09):
Yeah, for sure. I actually I've kind of delved back
into a bit of teaching this year, which has been nice.
And I actually I gave a guitar to my old
high school a couple of years back. We were lucky
enough to get gifted some guitars in Australia. I thought, well,
I don't need this guitar, I'll give it to my
high school.

Speaker 13 (01:01:27):
So I did that.

Speaker 12 (01:01:29):
But yeah, I look, teaching is one of those things
that I think I'll always do and always have a
love and passion for, because you know, that's how I
learned how to play. I had people, but you know,
take me under their wing and show me the ropes.
So I always want to be able to do that
give back.

Speaker 2 (01:01:45):
And do you do it privately in terms of you know,
like music lessons or do you do it through a school? Well,
have you done it through school?

Speaker 17 (01:01:51):
No?

Speaker 12 (01:01:51):
I just just yet, just through high schools a couple
of high schools around the local any region.

Speaker 2 (01:01:57):
And do you do what just guitars or music gen Yeah.

Speaker 12 (01:02:01):
Guitars and they're like guitar suition and then kind of
band coaching and songwriting workshops and stuff like that. The
other thing I have was just the Music Commission, which
is which takes me around the whole country, which is
super fun, fantastic.

Speaker 2 (01:02:14):
How much of people like what you do is driven
by that subconscious idea that you're helping somebody to go
on to something better as opposed to you making a living.

Speaker 12 (01:02:26):
Yeah, I would say it's more of that, Like I
can make a living out of playing music, for sure,
but it's it's it's not what I Yeah, I mean,
I want to make music that I want to make
and I don't want to just play music for the
sake of making money. It's it's you know that there's
much more fulfillment and the and the teaching in regards
to like, you know, going and playing at the local

(01:02:48):
casino kind of thing, you know what I mean?

Speaker 2 (01:02:49):
Yeah, exactly. So I mentioned so the tours coming up,
the Summerhugels doing it, but it also involves Stan Walker.
How did that come about?

Speaker 12 (01:02:58):
Yeah, look, Stands we have two of us Stand quite
a few times now. He's he's been a great addition
to the kind of the lineup that we've We've had
on a summer run and then we played with the
last summer and it went really really well. We also
had Corolla and so a Bunchet. We're actually quite local
to plenty like most of the bands, which is quite special.
Men Stand went to school together. So so it's sort

(01:03:21):
to have him on the line.

Speaker 2 (01:03:23):
Does there have to be I mean, the advantage, but
you know there's a vibe, don't you having tour before,
you know, there's the vibe you get on together. There's
no angst on the road, So that helps.

Speaker 12 (01:03:32):
Yeah, for sure. You know, I was still going to
stand about this last week when he said, you know,
like at the start of the tour, it was like, oh,
you know, we're attle bit nervous, and then by the
end of the tour, all the bands are getting on
and there's nothing better to see that camaraderie on the road,
you know, with the crew of people, you're bringing each other,
putting out of each other's pockets, you know, Yeah, two
or three weeks at the time, so it was real special.

Speaker 2 (01:03:54):
You went to the States.

Speaker 9 (01:03:55):
How did that go?

Speaker 2 (01:03:56):
And how do you crack a market that size? And
is the audience made up largely expats or do you
get into actual Americans?

Speaker 12 (01:04:04):
Yeah, I think with the States, we're lucky to kind
of crack into a bit of a market there. There's
a there's a particularly California and Hawaii, so that that
kind of side of the States. There's a massive reggae
contingency over there.

Speaker 13 (01:04:18):
You know.

Speaker 12 (01:04:19):
We played with a band called the My Only and
Jay Boog and they're both quite established artists on that
side of the world. So it's really nice to be
able to kind of piggyback on the back of their
audience and he and we I think we want over.
So it's it's a little bit of you know, it's
going to take time for sure, we've got to get back,
you know, this year and hopefully next and just keep

(01:04:42):
working on it. You know, it's not gonna it's not
gonna happen overnight.

Speaker 2 (01:04:44):
And so how do you who who's the brains behind
all of that? You know, when you talk about going
back in a plan and a bigger picture, who works
all that out.

Speaker 12 (01:04:55):
Yeah, it's a combination of the band and then our
management and label, which is Loop and we kind of
we've decided to focus on the States rather than Europe
and stuff like that. So yeah, it's just a bit
of a long game. But with the States. I really
hope it works for LAB because I think I think

(01:05:15):
we do have something to give to the to the
audience over there, and we'll hope you I said, open
to get back next year and with the help of
our label and agents over there and stuff like that.

Speaker 2 (01:05:25):
Good stuff. I need to talk to you about fitness
In the Moment stand by Joel Chabbolt, Lab More in
a Moment thirteen Past the.

Speaker 1 (01:05:31):
Mike Asking Breakfast Full Show podcast on iHeartRadio powered by News.

Speaker 2 (01:05:36):
Talks it B News Talks. A quarter past eight. Jels
s Herbolt's a guest from LAB Health. I read something
interesting about you the other day, Joel. As a touring vocalist,
performing shows back to back, you become hyper aware of
how your body feels. Sleep, hydration, nutrition, and movement are
your four pillars? Has that always been you or is
that a music slash touring related thing.

Speaker 12 (01:05:59):
Yeah, it's one of those things that I've I've had
to have a trial and error for sure, and lucky
enough to have a great vocal coach who's helped me
with a lot of that stuff. And I guess it's
no different to you know, a team going to the
Olympics and having to play a game after game after games,
it's like your body just it's not that you can't

(01:06:20):
do it, but you need your body to bounce back
as fast as possible. And the fitter you are, the
healthy you are, the easier it is.

Speaker 2 (01:06:25):
So have you always known that or is that something
you've learned along the way. And if you have learned
it along the way, how what sort of difference has
it made?

Speaker 12 (01:06:35):
Oh it's massive, you know, Like I think as a vocalist,
it's yeah, you do become higher aware because of I
mean those high notes that you've got to hit every night,
you know, you just know what your your voice feels like,
and you know what you need to de limit the job.
And I guess you don't know until you get really
healthy and start to feel those things. But you know that,

(01:06:55):
I remember my first time catch a fire in LED
working for them in Australia with the twenty two gigs
in two days, and it was just baptism by fire.
It's just absolutely ridiculous the amount of load on the
body in your mind, you know, and you obviously feel
you never feel settled on the road or grounded. You're
constantly you know, and fight or flight, I guess to

(01:07:16):
a point. So it's just learning ways to kind of yah,
keep yourself scentered and delivered the job.

Speaker 2 (01:07:23):
Is that do you know common among musos these days?
Because it's funnily enough watching a video the other day
of Rod Stewart when he was with the Faces. They
used to just drink and shag and smoke and drug
and throw TVs out the window and that was that.
That was rock and roll, wasn't.

Speaker 13 (01:07:37):
It for sure?

Speaker 4 (01:07:39):
Yeah?

Speaker 12 (01:07:39):
I mean, well Joe Welsh as well, right, Yeah, but yeah,
I look, it's I think these days it's on the
level of, like you know, edge hearing and all those
kind of guys. You know, they talk about it as well,
and it's kind of the season thing. I guess you
kind of you get ready for the season and yeah,

(01:07:59):
it's Yeah, it's one of those things that I think
it's different these days for sure, But we're the ones
that you know, you just can't last if you if
you're playing show after show, you might be able to
do it for two weeks and then your body just
turns the ship.

Speaker 2 (01:08:11):
Yeah, somebody told me you run up Mount Monganui.

Speaker 3 (01:08:14):
Do you.

Speaker 12 (01:08:16):
I wouldn't say rhyme, I say trot up there.

Speaker 2 (01:08:20):
Ego doesn't doesn't because my wife's trained or a woman
she's involved with Loretta. I don't know if you know Loretta,
but she runs up Mount Monganui every single day.

Speaker 12 (01:08:29):
Yeah, I think I did know. Lireti. Yeah, this is
a problem mount. Yeah. Ok, it's such a great and
when you go down there, there's people just absolutely honing
up there, so you can't help with the inspired good buzz.

Speaker 2 (01:08:41):
Exactly good the Harley? You still got it?

Speaker 12 (01:08:45):
No I sold the Harley?

Speaker 13 (01:08:47):
Yeah?

Speaker 12 (01:08:48):
Yeah, I know, I know, I know. I look, I'll
get another one one day, don't worry. I'm saving up
for a sawning. I sold the Harley and I wanted to.
I gave some money to Mike from GOBLT Friday and
net so that was very cool. Yeah, yeah, so yeah,
I'll definitely get one again, for sure.

Speaker 2 (01:09:08):
Because once you've had one, you always want one. But
what a wonderful thing to donate. And you've had all
the music awards of late as well. So overall, Joel,
things seem to be going well.

Speaker 12 (01:09:19):
Yeah, things are going.

Speaker 9 (01:09:20):
All good man.

Speaker 12 (01:09:21):
It's life's a ride, you don't know. I'm really enjoying
the music. Of course. It keeps me. It's one of
the only things that you know, doesn't answered to me.
I can go to the music and left.

Speaker 5 (01:09:33):
So there you go.

Speaker 2 (01:09:34):
Fantastic good to catch up with. You might go well
and good luck with the Gold Coast and stand and
all of that. Joel Shadbolt of L A B. Now
there isn't inside, doesn't it, sold the Harley and gave
some money to Mike King. That's a nice person. As
for Loretta up the Hill, everybody knows everybody at the mount.
Nineteen past eight.

Speaker 1 (01:09:52):
The Mike Hosking Breakfast with al Vida Retirement Communities News
dogs head be Now in.

Speaker 2 (01:09:58):
Every corner of the property market, you're going to see
one name time and time again. That's the best name
is It turns out to Bailey's Bailey's real Estate. So
from humble beginnings to the position as New Zealand's largestly
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They produce all together better results for the client's time
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You'll never regret dealing with the best licensed under the
RAA Act of two thousand and eight PA scared Joel's
a great example of wellness and performance. I think that's
probably true. The two vital flight, which is a well

(01:11:02):
known and well used term if you're in the business
of you know, like by I don't know that it is,
but BYO hacking and saunering and all that sort of
stuff speak of which the cold plunge at the moment,
let me tell you, Oh my god, So I used
to think I was relatively good at picking a temperature
for water. It's just one of those dumb things I do,
and I used to get it reasonably good. At the moment,

(01:11:22):
at the cold plunge is at a level because I
read you that story the other day in Saint Betham's
they've got the ice swimming, they've got the water at
four point eight. I don't know that my pull at
the moment is much warmer. It will be. It'll be
eight or nine, could even be ten. Yeah, I think

(01:11:45):
that's what I'm boiling down to, because I'm going in
there and I'm thinking, because the measure has always been
the numbness. When you go in really cold water post
a sauna, toes and fingers go first, and you get
a tingling. Then you get a numbness, and the trick
is to work through that and be mentally strong or
get out one or the other.

Speaker 9 (01:12:06):
I'm sure don't go in in the first place.

Speaker 2 (01:12:09):
Option I'm choosing more than getting out.

Speaker 9 (01:12:10):
But it's the pain in certain other areas of my body.

Speaker 2 (01:12:14):
Yes, say the gun. That's yeah, it is exactly. That's
what I don't like exactly. But having said that, he's
clearly into it, Mike, he's also running a fifty k event,
so he's he's underplaying it because when I say Loretta,
Loretta is Lorette is going to be. I don't even
know Loretta. All I know is my wife deals with Loretta.
Loretta trains elite athletes, and you go as Katie an

(01:12:38):
elite athlete. I believe she is, but nevertheless, Loretta trains
elite athletes. But Loretta goes up the mountain every morning,
bang at five o'clock, up and down round a round,
and that's just for warm ups. And so Joel knows her,
and she knows him, and he's doing fifty k's and
he's vital flight. Where we're in some sort we're in
some sort of elite athlete ecosystem. Then I've just had.

Speaker 9 (01:13:00):
Under pressure to specialize and you know, pick just one
sport because to Kathlin, rah, yeah, go ten, why do one?
I just thought, you know, there was a shade of
the sort of the Jeff Wilson's about.

Speaker 2 (01:13:12):
Her, you know, very much so all round her. Here's
the problem tomorrow her pickleball league. She's formed a league.
By the way, her pickleball league starts tomorrow, sadly atmospheric river.

Speaker 9 (01:13:27):
I know that's all gone by tomorrow, isn't it.

Speaker 2 (01:13:28):
Well, still a bit damp. Do you play pickle on
the on the slippery? I don't know. So anyway, you're right,
today's where there's not nearly as bad as they said
it was going to be, so tomorrow might be better,
which then means of course that her pickleball league may
well begain So it's exciting times now on that subject,
Can I recommend a piece of reading from the Listener?
And it's been a very long time since I recommended

(01:13:49):
the Listener. I didn't even know that.

Speaker 9 (01:13:52):
Just remind me how one finds a listener these days.

Speaker 2 (01:13:55):
I didn't even know the listener still existed anyway, It's
only on line now, right. I don't start asking questions
about the listener because immediately I'm up, I'm tapping out,
so that the headline is and it's false because it
says new research how exercise with weights is vital for strength,
cognition and healthy agent. Now I've been into this for

(01:14:17):
a while. It's not new research at all. It's old research.
It's been around for years. But if you don't happen
to know about the it's a trend, is what it's
become doing weights, And it's not for building muscle per se.
You don't want to look like Atlas, know, but what
it is about strength and cognition, and it's for healthy aging.
It's for longevity. And they've worked out yes diet and

(01:14:39):
yes exercise, and yes cardio and all that stuff, but
working with weights is the new key. So if you
want to read the Listener, then they've got a very
good article on that and it'll give you a good insight.
You might want to bollow some of the advice there.

Speaker 9 (01:14:53):
News is next.

Speaker 1 (01:14:55):
The only report you need to start your day the
My Costing Breakfast with Vida, Retirement Communities, Life Your Way
News togs HEADB.

Speaker 2 (01:15:04):
Mike is the listener still nine Pencer Copick. It's a
very good point. Other one I must have mentioned ironic, Mike,
the Chris Hepkins can criticize the board members of remuneration
when he sprayed taxpayer cash around like confetti while in power.
Lest we forget ah in the lest We Forget is
probably the great debate of the day, which I'll come
back to in a moment, Mike. Research shows same benefits
in cold plunge of up to fifteen degrees. The Tour

(01:15:26):
de France writers are using cold plunge between eleven and
fifteen for recovery. Graham, you make a very very good point.
There's a lot of hype around cold plunging and saunas
and stuff, and you don't need to go to extremes
because if you come out of a sauna at eighteen
to ninety degrees, even if you jump in fifteen, you're
still gone down sixty or seventy degrees, which is all
your body needs is just to trigger to burn fat.

(01:15:47):
That's how it works. Of course, so well done, twenty
two minutes away.

Speaker 16 (01:15:50):
From nine International correspondence with ends and eye insurance, Peace
of mind for New Zealand Business UK time.

Speaker 2 (01:15:57):
Rob little money mate. It might ha been my observation
of this, but Bender layin yesterday I got lots of coverage.
I didn't see quite the same coverage of Starmer to
day up in Scotland. Did anything get done?

Speaker 13 (01:16:10):
Not that much, But I think you can probably say
that star got in very very hard on such at
a star in Salvation of the Gardens, and I think
pushed Trump towards the position where he was slightly hard
aligne on Israel that he might otherwise have been. So

(01:16:34):
you did have him admitting saying that there is clearly
Star agent there, which I don't think he would have
originally have Planet Day and Sarah presented him with a
kind of European blueprint for a row towards piece, which
I dare say was inane and pointless, but nonetheless you

(01:16:57):
know it. It was cat by Trump and it hasn't
been dismissed out of hand. So I think that the
two sides on Israel are rather closer than they've been
for some time, and it possibly leaves a little bit
of the pressure on Starmer, who is under pressure at
the moment to recognize Palestine and the state, something he

(01:17:19):
doesn't want to do. He will say for tactical reasons,
because he will encourage the mass.

Speaker 2 (01:17:25):
Yeah, I was going to ask you about that. So
Macron does the business and then two hundred and twenty
m P say how about us? So he's he's holding
firm on that.

Speaker 13 (01:17:33):
Does he The moment is though his office is already
has already said, you know, somewhere down the line, we
will recognize the Palestinian state, and there's an end to it.
So they're very clear that what it may they will.
The question is where, And the argument at the moment
is not now, because it would be judicious and it

(01:17:53):
would well, we can use this as a means to hey,
people the israelis a track, which I think is rubbish,
but also to keep a mass on track, which I
think it's probably also rubbish.

Speaker 2 (01:18:06):
So they came back at the airport. The football was good.
I gave some numbers out road earlier on the television
watch fifty nine cheer. I mean, you're all watching the football.
How big a deal is it? And why don't they
get a bank holiday.

Speaker 13 (01:18:18):
Quiet, don't they massive deal? It was still stoting in
Britain this year remarkably when you constantly, you know, eight
years ago, a woman's FA woman's FA Cup final rum,
the World Cup final. You have got you know, lessen
a million people watching it. Everyone watched it. It was

(01:18:39):
start painting all the papers. It's possibly won. But there
are claims now that the England and Dionyses are the
greatest sporting team ever to come out of Britain. Alable
fast on what the what the perception were you know,

(01:19:01):
even less two kades ago? Well, it's men playing football.
You're playing against people from country there, lily, all the
men play football, whereas it's a farm or select category
of women who played football.

Speaker 2 (01:19:21):
All right, right, listen, we'll let it go. Apologies for
the line. I don't know what's happened to him there,
but we'll buy them a new one before Thursday. By
the way, the Tories bad Knock is going to introduce
legislation if she ever gets back to government, to ban
striking by doctors, which is probably no bad idea because
she's sick a bit, along with most of Britain, along

(01:19:42):
with police officers, soldiers and prison officers who currently can't strike.
So she's going to add doctors to the list. If
you haven't followed it, Jeremy Corman's launched his own party.
He's an independent MP these days. Haven't been booted out
of the Labor Party a number of years ago. But
dangerously as a reform party does not have a name,

(01:20:02):
offers an alternative to the control freaks of Labor. So
we'll see if that goes anywhere. My suspicion is it
will go nowhere. And here's another one of these weird things.
There was a thing the other day we had on
the show. There's a guy in Britain who had strange feet,
to remember, and the state ended up paying for his shoes.
And the weird rules they have in Britain, So if
you had weird feet and he went along and his

(01:20:23):
shoes didn't fit and then he ended up in court
of some story anyway that the state pays for your shoes. Well,
the latest one is that people in Wales who cannot
eat gluten are going to be given a debt style
card preloaded with money to buy their food, so you
can buy gluten free food. So currently it's the alternative.

(01:20:44):
You can get it on prescription at the moment from
the pharmacy. They did a pilot. You get fourteen quid
a month, say thirty bucks a month, and you they
claim gluten free adds thirty five percent of your food bill.
And they're already complaining about the cards, saying it's not enough.
So anyway, all you do is go along, say I'm
gluten free, and they say, sure, have some money.

Speaker 9 (01:21:05):
It's an extra, an extra two dollars for a gluten
free base at Domino's. I don't think that's thirty five percent.
I think some only you would know something judging the numbers,
quite like the gluten free base.

Speaker 2 (01:21:16):
With your caramel flavored Bailey's and your gluten free pizza base.

Speaker 9 (01:21:20):
And it wasn't Karen will flavored Bailey's. It was pavlover flavored.
Where are you getting the caramel?

Speaker 2 (01:21:25):
We probably got weird feet as well. Seventeen away from nine.

Speaker 1 (01:21:29):
The High Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks A.

Speaker 2 (01:21:35):
B Yeah, A quick thing ironic might that? Chris Hipkins
criticized the board members remuneration. Chris Hopkins is barking at cars,
he said. He wouldn't bark at cars, but he is
barking at cars. And the worst barking at car was
over the weekend after they announced the government announced there's
clamping of cars for unpaid court fines, and he came
out and said he was against it based on the
fact that people might find themselves abandoned if they got

(01:21:58):
pulled over and the car got clamped. Where would they go.
He didn't know where they would go or how they
would get home, so he was worried about them. So
that's the sort of nonsense he's into. Anyway, the point
being it's at a very interesting moment in time, because
this is why you wouldn't have seen it. But yesterday
post the cabinet, Nicola Willis turns up with the Prime
Minister and she starts for what seemed like an eternity

(01:22:20):
to explain to us how the economy was going, why
things are getting better, why we've turned the corner. You
can't believe how things are good are going to get
and just let me list the eight hundred and fifty
seven thousand things we've done since we've been in government
to make things better for you. And I thought, what
the hell is all this about. In fact, everyone in
the room thought, what the hell is all this about?
So they're clearly worried, and they're worried for obvious reasons,

(01:22:41):
because we're at this point in time, I think, where
a large number of New Zealanders are starting to question
the government and returns on investment. In other words, they're going,
are these people the real deal? Are things going to work?
And it's all predicated on the idea that things were
going to come right in twenty twenty five, and we're
all set together. If that had happened, they'd be home free.

(01:23:03):
You'd be bolting into twenty twenty six election year going
they're going to get a second term all day long.
We're not saying that, and we're not saying that because
twenty twenty five hasn't turned out the way they said
it would the way a lot of people said it would.
It may well yet, because it's still only July going
into August, but you can tell they're worried, and we're
at this pinch point where a lot of what Hopkins

(01:23:25):
and co. Say, they're relying on you forgetting what happened
last time when they're in power. They're thinking that you're
just a bit upset, a bit tight for money, but aggrieved,
and you might be ready to listen to a bit
of what they've got to say, and you might be
a bit open to the idea that this government are
a bit crap and that's where we're at. So that

(01:23:46):
I run the three year thing, and that is that
a government has three years to do whatever they want,
then they go to the election and go there it is.
That's what we've done, this is what we're about. Vote
for us again. But I don't know that many people
are that patient. Soeen months and I think Labor are
banking on this business of I think I can tap
into some of your upset and sell you' something the

(01:24:08):
Labor Party might be offering come twenty twenty six. And
that's what makes at the moment so interesting, Mike. I
take my hat off to the ladies ruling themselves out
of the silver ferns with professional netball in New Zealand,
appearing to be on the cusp of no go. I
would do the same. I don't know if you want
to take your hat off to them, but I've become
fascinated in the last couple of weeks with netball because
we had Matt Winner a on who's the chair of

(01:24:29):
the board the other day and he was I mean,
he couldn't have been more bullish, could he. If you
didn't know anything about netball, you'd think that netball was booming.
Turns out Matt was making it up or I don't
know what he's doing. I mean, he's a hell of
a nice guy, Matt. But you look at the final.
It's played at Trust Stadium, which has got five thousand macs.

(01:24:50):
The ratings clearly on television a crap because they haven't
got a broadcasting deal.

Speaker 9 (01:24:54):
He see that viewership was through the roof, I think
was his phrase, wasn't it?

Speaker 2 (01:24:57):
And it was probably through the roof at Trust Arena
with one thousand people. It's probably probably depends what roof
you're looking at. But you've got players not coming back,
You've got teams openly questioning the future of the sport
at professional level. Something is not right in netball Land
and I'm you know, we raised it with the lads
yesterday in the commentary box, but they sort of. I mean,

(01:25:20):
it's an exciting game to watch, is it. I always
find it engaging. It's certainly a great participation sport. I
don't know that two point idea is the best idea
they've ever had. But nevertheless, things aren't good. Nine minutes
away from nine.

Speaker 1 (01:25:32):
The Mic Hosking Breakfast with the land Rover, Discovery News,
tomstad Be.

Speaker 2 (01:25:37):
Mike itch Hear and tickets have just gone on sale already.
An extra show has been added to christ Church and
Auckland because of overwhelming demand. Kiwis are opening the wallets again.
Now I disagree. I think that an edge here and
this has been the story. I mean, that's why people
go on holiday in a cost of living crisis alleged
you've got a two You've got a two speed economy.
In this country, people have always been buying concert tickets.

(01:25:57):
Concert tickets haven't been an issue. Airline tickets haven't been
an issue. People going on holidays haven't been an issue.
People buying gluten free basis on their pizza hasn't been
an issue. My father, Micaus eighty seven, he's called every
election bar winnies, faux pa. He reckons, Luction's rolled by Christmas.
I'll take that bet all day long. Luxton's solid ass.
He'll go to the election, mark my words. I read

(01:26:18):
an article yesterday, just a couple of food warnings for you.
Written article yesterday under the headline We've got to do
something about this. In the media, headline was is decaf
coffee really the better option for your health? Question mark?
Good question? Fair question?

Speaker 6 (01:26:29):
Is it?

Speaker 2 (01:26:29):
I wanted to know? Read the article doesn't answer the question? Well,
it was pissed me off. They said all that stuff
about coffee that we already know that's good for you.
They didn't answer the question, is decaf still good for you?
There's a match a shortage if you're not aware of it.
The problem is that they've had some heat. There's also
a huge demand on match around the world. The process
heat crops her down, prices her up. It's the usual story,

(01:26:54):
like electricity in New Zealand until the atmospheric river arrives
and solves everything, apparently. And the other one is cottage cheese.
Global shortage of cottage cheese. So what have we got?
We've got chocolates a problem. Coffee is a problem. Olive
oil was a problem. I don't know there's anymore. Matches
a problem. But cottage cheese is also a problem. Cottage
cheese you just make, of course, there's no you don't

(01:27:16):
need to like match, you don't need to grow tea.
You just make cottage cheese. But the problem is the
people who make cottage cheese can't keep up with demand.
That's once again TikTok.

Speaker 9 (01:27:26):
Did you make cottag cheese at school?

Speaker 6 (01:27:29):
We did?

Speaker 2 (01:27:30):
Of course, you do what for?

Speaker 9 (01:27:34):
I mean, why do you do anything at school?

Speaker 2 (01:27:35):
Fair question? So and you take it home to mum
and go mum.

Speaker 9 (01:27:39):
Yeah, yeah, yeah, And did you eat it?

Speaker 13 (01:27:41):
Yeah?

Speaker 2 (01:27:42):
I think that disgusting. It's an interesting question. Cottage cheese
is disgusting. No, I think you're wrong on that one, Okay,
especially if you put it on your gluten free pizza.
Based from Domino's five minutes Away from nine.

Speaker 3 (01:27:56):
Trending now, Well, he's healthy all.

Speaker 2 (01:28:01):
Years, shortage as well. Glynn. By the way, off, he
did confume he has weird weird feet, just to just
to round that off. I see a bitch, he have
weird feet, and since he does.

Speaker 9 (01:28:10):
Yeah, they're wider. They're almost wider than they are long.

Speaker 2 (01:28:13):
Yeah, I knew it.

Speaker 9 (01:28:15):
So my shoes are always flopping just looking at you.

Speaker 2 (01:28:17):
I knew it.

Speaker 1 (01:28:19):
Trending now with Chemist Warehouse Great savings every day.

Speaker 2 (01:28:24):
Well Epstein update from Turnbury. He was asked again, he
kicked him out of Mary Lago. Didn't speak to him
for years, apparently after a deal went bad at that point,
as press staff probably wished he'd stopped.

Speaker 3 (01:28:36):
By the way.

Speaker 4 (01:28:36):
I never went to the island, and Bill Clinton went
there supposedly twenty eight times. I never went to the island.
But Larry Summers, I hear went there. He was the
head of Harvard and many other people that are very
big people.

Speaker 3 (01:28:50):
Nobody ever talks about them.

Speaker 4 (01:28:52):
I never had the privilege of going to his island,
and I did turn it down, but a lot of
people in Palm Beach were invited to his island. In
one of my very good moments, I turned it down.

Speaker 2 (01:29:03):
I didn't want to go to a sailing puel. Otherwise
it would turn into a conspiracy theory, wouldn't it. And
we'd need PAM and the DOJ to interview Juselle and
get some immunity going.

Speaker 9 (01:29:17):
And for someone who hasn't seen the files, doesn't know
much about the files, has got no interest in the files,
he seems to know a lot about those files.

Speaker 2 (01:29:23):
Also hasn't even thought about issuing any sort of immunity.
Incredible the amount of time that they're spending in his
head at the moment. He cheats at golf too. By
the way, if you haven't seen the video, have a
look at the video. It's going off. Look at the
guy dropping the ball. I mean, the whole thing's just
if it wasn't real, it'd be funny. Back tomorrow morning
from six on The Mike Asking Breakfast, Happy Days.

Speaker 1 (01:29:47):
For more from the Mike Asking Breakfast, listen live to
news talks it'd be from six am weekdays, or follow
the podcast on iHeartRadio.

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