Full Show Podcast: 29 September 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Credible, compelling. The breakfast show you confess it's the Mic
Hosking Breakfast with a Veta Retirement, Communities, Life your Way,
news togs had been.

Speaker 2 (00:10):
Falling and welcome today. The value of our dollar has
hit a three year low against the Australian. We do
have a lot more foreign students coming to the country, though,
so that's good. The Prime Minister Room for a Monday,
the lads do the sport in the commentary box, and
Dennis and Richard are our mates overseas. As given for
the week seven minutes past six. If you watched the
Peter speech in New York late Saturday morning, you can
see why he did so well in last week's Herald's

(00:31):
boardroom feedback for the bloke who's been the epitome of
agro and grumpiness in his better moments, he is as
good a foreign minister as this country's ever had. Politically,
the announcement and it's built up got dragged out way
longer than it ever needed to, and therefore took up
too much oxygen at a time when we really should
be focusing on vastly more pressing local issues. And no
matter what we said, the eyes of the world were

(00:53):
never really honest, despite the hysteria of too many in
our media landscape who have little or no grip on perspective.
But given we were to say something, what we did
say was logical and sensible, unlike what was said by
many far larger countries earlier in the week. The United
Nation's greatest weakness is its reliance on hot air as
opposed to substance, which is why we landed where we

(01:13):
did in our declaration. Just saying stuff counts for nothing.
It's too easy, which is why too many people do it.
By the time Peters had finished the week, he'd done
some excellent truth bomb work on climate, He's indisputably right.
We make a lot of promises we know aren't going
to come to pass. And on Gaza, we're all appalled
at the art workings of hate, but recognizing things doesn't

(01:35):
stop that hate, or the war, or had the food
flow or the hostages released. Essentially, we should expect more
of both Israel and the Palestinians. Don't ask for recognition
while you're still refusing to release hostages when there is
something a lot more tangible. New Zealand is ready to
recognize progress. Progress is tangible words, aren't. The idea that
a lot of people saying stuff builds momentum is simply

(01:58):
not true. We've seen that the past week. A piece,
if there is to be one, will be driven by
the Americans, who will corral the Israelis to a point
of some sort of submission or agreement. Elbanzi and Starber
and Cary and all the rest of them played true
to the usual lightweight verbal frippery that's made the UN famous.
We at least told it like it was. It was
a good moment for a small country.

Speaker 1 (02:19):
News of the world in ninety seconds wore up.

Speaker 2 (02:22):
If you're watching Trump at the Gulf, he seemed to
indicate they've got a deal in the Middle East. Nitnyah,
who's due to talk to him tomorrow.

Speaker 3 (02:28):
He is the most independent leader and amazing leader that
I've seen in all my years, and I think many
in the people, many people in the world see that.
So the idea that I in any ways, that I
boast that I control and that's ridiculous.

Speaker 2 (02:42):
The other lie, the other war. The drives have been
flying out the night right in the Kiev.

Speaker 4 (02:48):
The enemy conducted a massive missile strike on Kiev, and
fortunately there are many strikes on the Solomyansky district. Residential
buildings and medical facilities were damaged.

Speaker 5 (02:58):
Unfortunately, are people injured and killed.

Speaker 2 (03:01):
Speaking of Russian a lot of concern, not a major
in evidence that they have been busy nefariously in Muldova
ahead of their elections.

Speaker 6 (03:07):
I've spoken about various methods, starting from attempts to buy
votes and hundreds of millions of euros have been spent
for this. I've spoken about the training of young people
from the Republic of Moldova to organize violence destabilizing actions.

Speaker 2 (03:22):
Now we'll follow that boat on as we speak. Then,
in Britain, the Labor Party have been gathering for the
ray GM Starman needs help in terms of a Ripper's leader.

Speaker 1 (03:28):
He led us to a landslide victory in the general
election last year.

Speaker 5 (03:33):
That victory gives us an obligation to.

Speaker 7 (03:36):
Focus on changing the things that matter most of the
British people, not to talk into ourselves.

Speaker 2 (03:41):
Main trouble is the mirror of mantristerr Andy Burnham has
a lot of support to have a crack at the
top job.

Speaker 8 (03:45):
There's been a few choice words from government about you
potentially clossing some sort of leadership challenge is that?

Speaker 2 (03:50):
Is that why the mark I'm not doing these views
in the street.

Speaker 9 (03:53):
I'm sorry, I.

Speaker 5 (03:53):
Guess you could just rule it out.

Speaker 2 (03:56):
Cool now, so the ensus in the street, you see,
the main trouble is he's Mire of Manchester and he's
got a lot of support.

Speaker 10 (04:07):
That's enough for him.

Speaker 2 (04:09):
But he's not an MP. Is the problem now? A reminder,
A big idea was to build three houses the Labor
Party conference. The idea was to build three new towns
whole town's one point five million homes by twenty twenty nine.
One of the places they're looking at is Cruz Hill
in North London.

Speaker 11 (04:23):
I don't think there's enough for him to build a
new town.

Speaker 4 (04:26):
I don't like the idea of taking away all of
this what we've got, and.

Speaker 12 (04:29):
There are bitter areas within the borough to build on.
I mean, what are we going to do for our jobs?

Speaker 10 (04:34):
Because if we're pushed.

Speaker 2 (04:35):
Out exactly as news of the world and construction shooting,
another shooting. We're watching this as we speak. Church of
Jesus Christ, Latter Day Saints Grand Blanc in Michigan, ten victims,
one dead. We assume that that's the shooter because the
shooter's down. No ongoing risk to the public of this
war to report. Richard will be with us in half

(04:56):
an hour. Twelve past six.

Speaker 1 (05:00):
Asking Breakfast Full Show podcast on iHeartRadio powered by News Talks.

Speaker 3 (05:05):
Evy.

Speaker 2 (05:07):
Iran's back in the news this morning. Economic and military sanctions.
You go, well, hold on, didn't they have a deal? Yes,
they did ten years after those sanctions were lifted. Three
European partners, we got the UK, Front and Germany. It's
called the snapback mechanism. It's accusing a run of continued
nuclear escalation, lack of cooperation. They suspended the inspections of
the nuclear facilities, and they did that because Israel and

(05:28):
the US went and bomb them a couple of months ago,
you might remember. So the sanctions are back on, almost
as though we've gone nowhere. Fifteen past six, Generate Wealth
and Qsavy specialists, Greg Smith, Welcome to the week Thank you,
Mike Morning Now. Written an article over the weekend about
the American economy. It said, everyone hates the American economy,
but they're spending like they love it. It's weird.

Speaker 7 (05:48):
Ay, It absolutely are so that the personal saving in
August was one point zero six trillion dollars and that's
about four point six percent percent of disposal income, so
you certainly proving resilient. And you know, we talked about
some pretty strong data on Friday in terms of GDP
durable goods, improving job with data, so that sort of

(06:09):
said a few concerns about Yah, the Fed, so we're
going to cut rates well, thankfully. In addition to that
sort of spending data, the inflation data on Friday also
came in line of festimates. So yeah, it looks like
it's still going to get two more rate cuts. Personal
consumptions spent, just pricing. The nexcept was two point seven
percent inflation in August. That was up from two point
six in July. And the core PC, which strips out

(06:32):
furn energy might that was two point nine percent. That's
what the FED tends to look at. That was point
two percent high on the month that it was in
line of festimates. FED tags two percent inflation. But yeah, yeah,
it's still looking at two more rate cuts. And the
other thing I suppose it also shows, Mike, is that
Trump's tariffs have and they had a limited pastre.

Speaker 5 (06:48):
Effect on consumer prices.

Speaker 7 (06:49):
So time will tell if that remains the case, but
for now it's all looking pretty benighn Goods prices up
just zero point one percent and services point three percent high,
So yeah, Mark liked it all pretty benign, and then
the sea's closed high on Friday.

Speaker 2 (07:03):
Now, what I liked about our consumer confidence number which
came out was post that zero point nine number, it
fell off a cliff and yet bounced back, so interesting,
we're up a bit.

Speaker 7 (07:15):
Yeah, that's right. So it's sort of the timing and
the survey. So yeah, those sort of polled after that year.
It was pretty die, wasn't it, and obviously made headlines
in terms of that June GDP data. But yes, they're
not surprising impact. But if you look at the A
and Z Roy Morgan Consumer Confidence Index, the positives are
at rows from ninety two to ninety four point six
in September, so that not only on wines last month's fall,

(07:37):
but actually might break a ten month falling trains trend.
So we've got to sort of celebrate that the big
retail indicator isn't a good time to buy a major
household item. That rows a point still a negative eleven percent,
so a bit of an improvement. People still cautious questions
around the future. Conditions were unchanged, but perceptions of the
here and now thought this is interesting whether people feel

(07:58):
better or worse off than last year. It actually was
up eleven points, still negative thirteen percent, but going in
the right direction, and people just feeling a little bit
about things in the here and now. I wonder if
interest rate it's having a bit of an impact there
quite possibly, And a net fourteen percent expect to be
better off this time next year. So that was positive.
Around the economy that I mentioned the GDP, things are

(08:20):
still pretty soft. All that has improved on a five
year outlook. Inflation just in terms of outlook that that
barely budged four point eight percent, but a use of
food inflation running it five percent. That's probably a factor.
House price expectations that's dropped to two and a half percent.
That's actually the lowest since July twenty twenty four. But yeah,
it's not all doom and gloom out there, Mike, And yeah,

(08:43):
I suppose with the abens pivoting towards you being concerned
more about the growth outlook than inflation, you know, there
should be some more respite at hand. We're not spiraling downwards.
But perhaps we might just wait a little bit longer
to see that June GDP data mark peak pessimism.

Speaker 2 (08:58):
Now, what about Helen Steins, This is another one of
those stories where Australia outperforms us.

Speaker 12 (09:02):
Yeah, that's that's absoo right.

Speaker 7 (09:03):
So yeah, obviously we're starting to get news the retail
cul face that, yeah, things are perhaps improving. KEMP came
d Brands they sort of said that, we talked about
that last week, and you're quite right, Helen sign Glessons.
If you look at sort of the headlines, you think,
all this is pretty good. Net profit up twelve percent,
fifty eight point four million, four year sales up eight percent.

(09:24):
This is to one August four seventy point seven million.
But yeah, it wasn't so much about New Zealand was
about across the ditch. So sales Glassons and OSSI they
are at fifteen percent, two fifty one million. We're king
a bigger warehouse and automation the like, and it's going
pretty well over there on the lookout for store opportunities.
But New Zealand up just one point seven percent, one
one one point nine million. Still take that though, refurbishments

(09:46):
they are helping. Look at Helstein's a self including Ossie
that sales are pretty flat one of seven million, But yeah,
the good News Company raised a dividend and they also
see the new financial years off to a solid staff
verse seven weeks sales up at thirteen percent, but again
being driven by Australia. They said conditions in New Zealand
mix cost of living pressures are still having an impact

(10:08):
and that's feeding through just to discretionary spinning.

Speaker 2 (10:11):
But actually say there's.

Speaker 7 (10:12):
Some moderate signs of improvement, So I think we'll take that.
She's up point five percent, up about eight percent year
to date numbers.

Speaker 2 (10:19):
Please.

Speaker 7 (10:21):
Yeah, So we had a positive end of the week
as mentioned. So hes P five hundred was up zero
point six percent sixty six four to three. The Dow
was up point seven percent forty six two four seven,
and Nazak up point four percent as well. For two
one hundred up point eight percent nine two eight four,
nick A down point nine percent foury five three five
four a SX two hundred across the towns that lifted
point two percent eight seven eight seven. We were down

(10:42):
point three percent thirteen one one one for the INSTX
fifty commodities, gold up ten dollars three thousand and seven
and sixty ounce well up seventy nine per cents, sixty
five spot seventy two. Just in the currency is pretty
flat against the US dollar fifty seven point seven. Likewise
against Ozzie eighty eight point two. Against Stirling we're forty
three point one. That was down point four percent, and

(11:03):
against un we're slightly soughed to eighty six point three.
This week, my big focus is actually across it it
sure we've got the RBA rate decision.

Speaker 5 (11:09):
We've got non.

Speaker 7 (11:10):
Farm payrolls in the US results wise, cruise line of Carnival, sportswear, Giant,
Nike and locally business confidence building permits four year results
to lay milk. And you've got another point on the
retail sector. We've got numbers from the warehouse.

Speaker 2 (11:24):
Look forward to it, catch up soon, appreciate it. Greg
Smith out of Generate Wealth and kiw save as specialists,
pasking EA, Madden f one sims all that you know.
Their games electronic arts fifty billion dollars are going to
be announced this week. They say to go private, which
would make it the largest leverage buy out of all time.
Who's buying Saudi Arabia their public investment fund? And good

(11:47):
old silver Lake. Where have we heard that name before?
Six twenty one your news Talks ever does a go
money now?

Speaker 1 (11:58):
The Vike Hosking Breakfast Full Show podcast on iHeartRadio powered
by the News.

Speaker 2 (12:03):
Talks at be didn't the Kimel thing turn out to
be nothing? Sinclair and Next Star not only did he
get put back on here last week and he received
huge ratings six million on the first night, five million
on the second night, but Sinclair and Next Hour of
both back down, so that was a mountain out of
a molehill. Starmer did get to the before he announced
three new towns one point five million houses by twenty

(12:24):
twenty nine. We'll see if that ever comes to part.
He did announce that digital ID, so it'll be interesting
to see how that sort of filters through the British
landscape over the ensuing months. And possibly the weirdest story,
although maybe not surprising, the weirdest story out of that
particular part of the world over the weekend that I
could work out was do you see Tony Blair running Gaza?
Did you see that one coming? That was the weird
so Tony Blair and his think tank TBI Tony Blair Institute.

(12:49):
They want to run Gaza once they've got a deal.
Trump apparently likes it. It's backed by Jared Kushner, who
last time around in the first administration was instrumental in
the Middle East, and Witcoff likes it as well. So
the hea of Palestine could be for a time anyway.
Tony Bleier six twenty five.

Speaker 1 (13:08):
Trending now with them as well, the Spring Frenzy sale
on Now.

Speaker 2 (13:12):
Other's got potential. Gordon Ramsay on Apple TV's looking into
how restaurants Andre Michelin stars, So the whole Michelin thing methods, judges,
how they do, it's never been revealed. So all the
interviews outside of the ships themselves with Michelin judges, but
the exits of the camera to conceal their identity.

Speaker 13 (13:28):
What does it take to become one of the world's
greatest restaurants?

Speaker 7 (13:32):
The expectation and the standards here and so I'm going
to keep getting higher and higher and higher.

Speaker 12 (13:36):
The greatest award is a star, a Michelin starf.

Speaker 4 (13:42):
To win one, you have to impress the Missilin inspectors
who have never let anyone in on their mysterious methods
until now.

Speaker 13 (13:50):
Working for the Mission guide's a bit like working for
the CIA.

Speaker 6 (13:54):
We use different names, we change phone numbers, we change emails.

Speaker 14 (13:58):
The chefs have no idea who I am.

Speaker 4 (14:01):
I'm Jesse Burgess And this is knife Edge faster faster.

Speaker 2 (14:13):
At music. I don't take that seriously. Knife Edge Chasing
Michelin Stars, Apple TV, October ten. He by the way,
Ramsey's got eight currently Michelin Stars. He's had a total
of seventeen. He'd be as Decass would be only the
other one who's right up there, as far as it
can work out, restaurant Good and Ramsey if you're ever
in London, it's got three and Petruce is the other one.
He's got one currently, also in London. Yeah, the dollar.

(14:36):
Have you noticed we've mentioned this in the last I
don't know a couple of months, and it's just got
little psychological things about it where when it's at ninety
Australian you're thinking, oh, that's not as good as it
used to be. For a while there, we were talking
about a couple of times over the last thirty forty
years we've talked about parity and now We're at eighty eight,
and that's before you get to the pound. We were
at forty three, so the currency doesn't look good. So

(14:59):
what's going on. We'll get some insightfully in the next
half hour of the program. Meantime News is next year
at News togs.

Speaker 1 (15:07):
A Mazari, no fluff, just facts and fierce debate. The
Mic Hosking Breakfast with Rainthrover leading by example, News Dogs
Dead b Rich McCann.

Speaker 2 (15:18):
On the shooting view shortly in Michigan NT Yahoo. He
was talking it up Trump, was that the golf. He
was talking up the Middle East as though he's got
a deal. So we'll get some detail on that for
in a moment twenty three minutes away from seven. It's
not like this hasn't been coming either, but you might
want to pay a bit of attention to the value
of our dollar or lack of it against the Australian
word at a three year low eighty eight something. It's
getting a bit embarrassing, isn't it. Mark Listers in the

(15:40):
investment Or is the investment director for Craig's Investment Partners
and is back with us. Mark Morning, Good morning, Mike's
going very well. Indeed, the Australian story. First of all,
is this the divergence of a couple of economies, their
story versus our stories? And more to it than that.

Speaker 13 (15:55):
Yeah, I think that is the cracks of it, and
more importantly, it's the interest rate different which are already
there's a little bit of a gap there, but that
gap is expected to get wider as Australia cuts rates
more slowly because the economy is stronger, because inflation is
still a little higher than they would like, and we

(16:15):
are obviously looking at more rate cuts than we expected,
and not for the right reasons.

Speaker 2 (16:21):
No, indeed, not where does eighty eight sit historically speaking?

Speaker 13 (16:25):
Historically eighty eight is actually right on the long term average.
If you look at sort of the last twenty five years,
eighty eight is bang on. Obviously, there was a time
when we hit parody, and there was a time when
we were down as low as sort of seventy three,
so there's been a pretty wide range against the Aussie dollar.
Eighty eight is right on where it's been over that

(16:45):
twenty five year period, but it's quite a bit lower
than we've seen in recent times. We were up at
almost well, I think it was ninety four almost in April,
so we're off a good five or six percent since
just a few months back, I.

Speaker 2 (16:59):
Like early ninety. That feels about right to me. It
feels like we're sort of okay and they're okay and
the world is in the right place. Or is that
just me making stuff up?

Speaker 13 (17:07):
No, there's definitely a sweet spot. You know, as an
exporting nation, you want a lower currency. And remember that
Australia is even number number two or number three for
goods exports behind China, so about thirteen odd percent. It's
also one of our biggest I think it is our
biggest tourism market, isn't it. Some forty odd percent of
international arrivals come from oz so if our dollar is

(17:31):
weak compared to their, and hopefully there's more of them
coming here, and it's good for exporters, But it doesn't
It means we're poorer in a global sense, and it
means that anything we import from over there is more expensive.
So you definitely want it to be too don't want
it to be too low, do you?

Speaker 2 (17:47):
And how much of this is a global story? I mean,
when I'm looking at the pound at forty three, I mean,
for goodness sake, I mean, you can't afford to travel anymore?
Is that normal historically speaking as well?

Speaker 13 (17:56):
Yeah, that one is the one. The other one that
really stands out for me, and this one sort of
flies under a bit under the radar because we talk
a lot about the Aussie dollar. We talked about the
greenback obviously, but the euro. We're at about forty nine
against the euro, and the long term average there is
about fifty six odd and the last time we were
under fifty against the euro was sort of late two

(18:19):
thousand and nine, early twenty ten. That's the one that
really is at its lowest levels we've seen in a
long time.

Speaker 2 (18:26):
So good for exporters, but unfortunately we also like to
import stuff and that's where the problem lies, isn't.

Speaker 13 (18:31):
It one hundred percent? And also you know that puts
a bit of upward pressure on our inflation backdrop, doesn't
it with the tradeaball's inflation, because if we're paying more
for those imports, and we do import a lot of products,
than that can sort of be a challenge in terms
of the cost of living. But look, our economy is
in a difficult spot, as you well know, and I

(18:54):
think a weaker currency is one of those shock absorbers
that hope fully will help dig us out of this
hole over the next little while, as it will boost
that export sector.

Speaker 2 (19:05):
So does economic growth fix the problem? If twenty six
comes right, do we see a rectification of some of
the numbers we've just talked about in theory?

Speaker 13 (19:14):
You do, because the reason the currency is low, as
you've got a weak economy, you've got expectations of more
rate cuts in an ocr that goes.

Speaker 5 (19:22):
Lower than we thought before.

Speaker 13 (19:24):
Let's say that moving into twenty twenty six, that does
give us the boost and the recovery that we're hoping for,
so you get some slightly better growth, and growth usually
goes hand in hand with more demand and potentially more
inflation pressures. The central bank is then in a position
to at least stop cutting interest rates, and there's maybe

(19:44):
rate hikes on the horizon. You know, that's not a
bad thing if you're coming for the right reasons, and
if that sort of puts US in a stronger relative
position to the Aussies, to the Americans, to whoever else,
then you might see a bit of a stabilization or
a bit of upward pressure on the currency. And that's
how it's supposed to work. In theory, it's supposed to

(20:05):
act as that natural adjustment mechanism.

Speaker 2 (20:08):
Always appreciate the expertise. Make go maclister, investment director at
Craig's Investment Partners, stand by for Mitch McCarn states at
eighteen two the.

Speaker 1 (20:16):
Mic Hosking Breakfast Full Show podcast on iHeartRadio powered by
News Talks it.

Speaker 2 (20:21):
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the New Zealand dollar is our share price on the

(21:24):
rest of the world. We're a poor country.

Speaker 5 (21:25):
Day.

Speaker 2 (21:26):
I think you've summed it up very nicely.

Speaker 15 (21:27):
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of Mind for New Zealand Business.

Speaker 2 (21:33):
Make Mix mccan's back MXCH morning to you, Mike.

Speaker 12 (21:36):
How I am very.

Speaker 2 (21:37):
Well and do thank you? Update me in Michigan's last
I look was ten victims, one deed.

Speaker 12 (21:42):
You Yeah, that's right.

Speaker 16 (21:44):
So this morning, around eleven o'clock, about fifty five minutes
north of Detroit, a person drove their vehicle into a
Mormon church there, got out and started firing. One person
has dead, nine others are in jed, and police managed
to kill the suspect but the situation there is that
the suspect managed to light a massive fire in the
church before he was taken down by police. And if

(22:07):
you look at the images right now online, they are incredible.
That church is completely engulfed, and officers say they are
likely to find more victims when they can actually get
in there, but at the moment they can't because the
fire is so big.

Speaker 2 (22:18):
Any motive. Do we know who the person was? Not yet,
we don't have the motive.

Speaker 16 (22:23):
Although Donald Trump has been on social media and he
says this appears to be yet another target attack on
Christians in the United States of America. The President says
he's been briefed in the last couple of hours about
what exactly happened.

Speaker 2 (22:35):
Speaking of Trump, he meets with Nittanya, who he was
talking it up at the golf wasn't he.

Speaker 16 (22:39):
Yeah, And he's still talking up about now. He says,
we have a real chance for greatness in the Middle East.
He says all are on board for something special, though
it remains to be seen that Benjaminettna who is actually
on board now. He's arriving at the White House in
the morning. Donald Trump's going to present this twenty one
point piece plan to Benjaminettnia, who for peace in Gaza.
It was something that was presented to Arabs states the

(23:00):
other night here at the United Nations. And it's an
interesting moment because Nitaya, who does not want to frustrate
Donald Trump here. I think he wants to continue the
war in Gaza, he said at the United Nations earlier
this week, because the job isn't complete yet. But at
the same time, the President wants an end to this,
so he's got to choose his words carefully. And he's
still rejecting the possibility of a Palestinian state. He said,

(23:23):
Israelis won't have that shove down their throat. So I
think it's going to be a very interesting meeting tomorrow.
But as you say, Donald Trump is very enthusiastic about
the possibility of this happening.

Speaker 2 (23:33):
Yeah, And he was at the golf and speaking of which,
I mean, does anyone think this has been good? I
mean McElroy's wife was in tears. For goodness sake, I mean,
how much of you. I mean, it's golf, for God's sake. Yeah.

Speaker 16 (23:44):
There's a lot of discussion whether the Rider Cup here
in New York State this week has crossed the line
in terms of fans supporting the American team, and the
person who's come under a lot of attack has been
Rory McElroy in the Master's Champion. At one point he
turned around to a spectator or Tommy fleet Wood did actually,
in my apologies, one of his teammates, telling the spectator
to shut the IF up. But what's happened in the

(24:05):
last twenty four hours is that the MC on the
first t has had to stand down because when the
crowd started chanting if you Rory, she encouraged them by
doing it back on her microphone, and the PGA Toys
had to put out a statement saying she's apologized to
Roy McElroy and she's standing down. So pretty disappointing all around,
you'd have.

Speaker 2 (24:24):
To, says Eric Adams, just breaking now. This is interesting.
The New York race I find fascinating. I know no
one else cares, but this Mandami guy's won out of
the box. So Adams is gone.

Speaker 16 (24:34):
Adams is gone. And the background to this, Mica, as
you pointed out, is that the favorite, the overwhelming favorite,
to win the New York Marrialty is a young guy.
He's about thirty three years old Zoah Mandani. Now he's
very much left wing. Business leaders here in New York
are concerned that he's going to bring in a whole
lot of anti business policies to what is the financial
capital of the world. So what they're doing, or have

(24:56):
been doing, is encouraging Adams, the incumbent, to stand and
down to give Andrew Cuomo, the former governor of New York,
a better chance at actually beating a Zoa Mandani. Now,
Adams has put out a statement, a long statement in
the last few moments, saying that he can't secure the
finance of the campaign finance that he wants. But also

(25:17):
in the background here is Donald Trump. These reports that
Donald Trump has been offering Adams an ambassador role oversees
for the United States to actually stand down. Now he
hasn't addressed that from what I've seen in this video,
but I wouldn't be surprised Mike in the next couple
of weeks if he becomes the ambassador to somewhere like
Saudi Arabia was the reports in recent weeks. But regardless,

(25:39):
this makes the biggest city in America in the Maylty
Race a lot closer now probably and a lot more interesting.

Speaker 2 (25:45):
I think it's amazing. All right, good to catch up,
matepreciate it very much much. Mc cann our Quomo. Of course,
running isn't independent, as I mentioned the other day, because
he lost the Democratic nomination race to Mindarmi in the
first place, so he's running as an independent. Anyway, here
is Adams, New.

Speaker 17 (26:00):
York is U chuoles leaders not by what they promised,
but by what they have delivered. Although this is the
end of my reelection campaign, it is not the end
of my public service. I will continue to fight for
this city as I have for forty years since the

(26:22):
day I joined the NYPD.

Speaker 2 (26:25):
Yeah. I don't know that he's covered himself in glory
in the time that he's been the mayor. But the
go just quickly to update you on all the things
that are happening in America at the moment. If you
missed the comey got he got rounded up over the weekend.
The shutdown is pending. That'll be the story of the week.
There's a meeting coming up between Trump and the Democrats

(26:46):
that didn't look particularly hopeful. Trump got a Supreme Court win.
He is allowed to withhold the four billion dollars on
foreign eight remember that was one of the early things
he did. He is just stopped foreign eight that's got
to the Supreme Court, and the Supreme Court sided with him.
Three with the usual suspects doing what the usual suspects do.
There was the one hundred percent tariffs on pharmacy or pharmaceuticals,

(27:07):
and of course he's rolled out the National Guard in Portland,
so it's not like he ain't busy. Nine away from seven.

Speaker 1 (27:13):
The Mike Hosking Breakfast with Bailey's Real Estate News Talk ZEDB.

Speaker 2 (27:17):
If you haven't entered our big contest, first three names
read out today. Five hundred dollars cash for the first
person who rings, and then you're in for the grand
prize draw, which is coming Friday. Business class flights for two,
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(27:40):
you register and hopefully your name is featured on the program.
This week's going to be a fantastic time. Five minutes
away from seven, All.

Speaker 1 (27:48):
The ins and the outs. It's the fizz with business
favor take your business productivity to the next level.

Speaker 2 (27:54):
Now, these were the tariff's going to buy the Americans
and the bum so a couple of favorites at the moment. Coffee.
What are they paying for coffe? This from the Bureau
of Labor Statistics. US prices for Americans up twenty point
nine percent. Let's call that twenty one percent compared to
a year ago. Highest annual price gained since July of
twenty eleven, higher than the biggest increases during COVID. Currently
prices are going up to three and a half percent

(28:15):
a month. So if you want roasted coffee, that's even
more twenty one point seven percent a year on year,
or four point one percent per month. Instant coffee is
up twenty percent. The US only produced about one percent
of their coffee. Of course they get it all from,
you know where everyone else around the world get to,
including of course Brazil, where donald has gone and slapped
the fifty percent tariff on Brazil. So you can imagine

(28:35):
what that's doing to the price food. Nag At the
UN say, global prices rose thirty eight point eight percent,
and that was only due to the weather. Tariff's going
to make it even worse. And then the Americans, they
can't seem to get their head around us. But beef,
beef and cattle prices in the US record highs now
Beef's up fourteen percent year on year, and their herds

(28:58):
are at their lowest level. As we've told your number
of times on the program since nineteen fifty one, there's drought,
there's raised a rising costs of raising cattle. So they
can't be bothered. So they bring their beef in. And
where they bring it in, they bring it in from
New Zealand, they bring it in from Australia. They bring
it in once again from Brazil. So Brazil fifty percent,
we're at fifteen. Australia's ten, so ten beats fifteen, but
nothing beats fifty. So anyway, that's why we're doing so well,

(29:21):
because the prices keep going up and up and up. Now,
I don't know about coffee and Americans, they don't have
a great coffee culture, but they do have a great
beef culture, and they cannot get enough of our beef.
And so I suppose the upside of the tariffs that
you can sell through them. In other words, the price
goes up, but the people are still prepared to pay
the price to them. That's good, isn't it. Then we
come to our prisons. The Corrections Association say, we've got

(29:41):
more people in jail, which is no bad thing, I
don't think, because that's what we wanted when they were
all running around in the Toyota. Garris is driving them
through windows, so we put them in jail. But then
they ran out of all the money they had allocated
for the more people in jail and to look after them.
So we'll talk to the Corrections Association about this after
the news, which is next the news too and.

Speaker 1 (30:02):
Asking the questions others won't the mic asking breakfast with
Bailey's real Estate covering all your real estate needs news
togs Head.

Speaker 2 (30:10):
Be seven past seven. So got some funding pressures around prison.
So the ninety eight million which was set aside in
this year's budget to higher front line staff for a
population of ten thousand, eight hundred inmates has been spent.
Now the prisoner numbers are just short of the ten
thousand and eight. They're a ten thousand, seven hundred and
sixty three, so that numbers come nearly a year ahead
of forecast. Two hundred and seventy six full time positions
also remain vacant. Floyd Douplecy is the Correction's Association President.

(30:33):
Back with us, Floyd morning.

Speaker 9 (30:35):
Good and one of mine.

Speaker 2 (30:36):
We seem to have a dispute between what you're saying
and what the Minister says. There's no shortage, no problem,
so so how are you calculating your numbers?

Speaker 9 (30:44):
Unfortunately, what the Minister's being feed as a rosy version
of the truth. So the staff are voluntarily short based
on how we the population we face versus when the
model of how we staffed was designed. The other components
of that is we're we're short on a regular basis.
This weekend alone, we had multiple shifts across prisons all

(31:06):
across the country, all heavily short. They're not filling those
and so what's happening is by not filling those, we
can't unlock the prisoners, we can't safely operate, and so
you're getting an increased intention and prisoners aren't getting time out.
And that's where the reports that we see come out
from the likes of the Onwardsman and the Uan committee
that's coming through comes from because prisoners are being locked

(31:27):
for extended periods because we don't have the staff to
physically unlock them safely, and then that creates tension within
those areas, right that it drives the violence.

Speaker 2 (31:37):
The two seventy six full time positions. You're short of
what happened to the big pipeline, the advertising campaign and
the parent avalanche of applications.

Speaker 9 (31:48):
Unfortunately, Corrections keeps talking about the avalanche of applications. The
problem with that is applications doesn't mean people. We're not
seeing a bigging uptake in actual people starting the job.
And then, unfortunately, the bigger problem we've got as people
start the job realize how difficult our job actually is,
and we're losing far more staff than what we need.

(32:09):
And we're also losing a lot of staff to Australia
because they pay a lot more money for a job
that's nowhere near as violent as the prisons in New Zealand.

Speaker 2 (32:18):
Do We do. We have a regionality problems as well,
depending on where you are in the country and where
the prison is and where the prisoners are.

Speaker 9 (32:25):
Yes, we do. So that's a problem for a number
of reasons. A certain prisons are more difficult than others,
and because of our master depression, because we've got no beds,
prisoners are being moved around all the time, and that
causes attention. They want to be close to their fams,
they want to be close to the support network and
their characters. We done have bet there.

Speaker 2 (32:45):
I appreciate the insight Floyd deeople see who's the Correction's
Association prison? So they're still short. Ten eight was the number.
It's at ten seven sixty three. They just got there quicker.
So presumably this is going to continue to flow because
we're seeing more people put in prison. Obviously ten minutes
past seven, passing interface between justice and political expectation. Of course,
Well we got there in the end Saturday morning, didn't

(33:06):
we are? Foreign Minister told the world that the time
is not right to recognize Palestinian state. The line remains
it's a win, not if, but matters need to shift
on the ground before that happens now. Linda Gregstein's CBS
News has correspondent in Jerusalem and as well as Linda,
Good morning to you.

Speaker 10 (33:22):
Good morning.

Speaker 2 (33:23):
All those declarations we saw at the UN and New
York last week. Everywhere from New Zealand to Australia to
Canada to Britain. How much interest is there on the
ground in Israel on any given day about those sort
of announcements.

Speaker 10 (33:37):
Well, there definitely is interest, and you know Paul's show
that Israelis are somewhat concerned about what this means in
terms of, you know, sort of the diplomatic front that's
turning against Israel increasing Israeli isolated the world at the scene.

Speaker 2 (33:59):
Right, But there we'll try and get her on a
better line. That's Linda Goldstein, who hopefully will be able
to reconnect within Jerusalem in a couple of moments. By
the way, announcement coming today, will talk to the Prime
Minister about it just after a seven thirty they're going
to and I think this would probably appeal to most
people as an overhaul. By the way, Wednesday is the
power industry day. But this overhaul coming today of the

(34:20):
nation's earthquake prone building system, they're going to slash, in
theory anyway, more than eight billion dollars off remediation costs
nationally in Wellington alone. It's going to save your billion
dollars currently any building If you haven't followed this with
an earthquake risk of thirty four percent or below is
considered earthquake prone. Any building rated less than sixty seven
percent is considered an earthquake risk. All of that's arbitrary,

(34:41):
of course, they made all of that up. But of
course what happens is that you look at your building
and they go, well, it's not up to scratch. You're
going to have to remediate it. And the landlord goes, well,
guess what, I don't have any money, so I'm not
going to right, we hopefully have connected reconnected with Linda. Sorry, Linda,
carry on with what you were saying about declarations.

Speaker 10 (34:57):
Well, what I was saying is that you know, even
before for this latest wave, more than one hundred and
forty countries had already recognized Palestine and it didn't have
any real effect on the ground. So it's more of
a symbolic issue, which is that it shows a growing
diplomatic isolation of Israel, and you know that's having a

(35:18):
certain that will eventually have an economic effect. But it's
really more at this point, it seems to be more
symbolic than anything else.

Speaker 2 (35:25):
And you involved things like Eurovision and spain stance on Israel.
Is there a general concern that you are increasingly looking
like you're isolated.

Speaker 10 (35:35):
Yes, there definitely is a concern. You know, Israeli's, for example,
love to travel to Europe. Israel's really close to you
can get to Europe in four hours, three hours. So
I think there is a concern. And you know, polls
have consistently shown that the majority of the public wants
this war in Gaza to end, the release of the

(35:56):
hostages and Israeli withdrawal from at least most of Gaza,
and that the Prime Minister has kind of been out
along with his you know, hardline partners, that they have
more and more been the ones responsible for continuing the war.
The public wants the word to.

Speaker 2 (36:12):
End, which brings us to the next twenty four hours
or so in the discussion with mister Trump and Washington,
what do we know of that and is it being
talked up or is this this deal potentially real?

Speaker 10 (36:24):
I think this deal really actually real. I don't remember feeling,
you know, this kind of sense that if President Trump
decides that this is the deal, you know, there's not
a whole lot that Israel can do against it. And
the truth is I the main news program just finished,
and you know, of course this was the main issue

(36:45):
on it, and one of the veteran commentators was saying
that from Israel's perspective, this is really a good deal.
It calls for all of the forty eight hostages, both
alive and dead, to be released within forty eight hours
for a gradual Israel withdrawal from Gaza. Hamas has no
role in a future Gaza that will be done by

(37:06):
a sort of technocratic government. There will be eventually the
rebuilding of Gaza. So the twenty one point plan of
President Trump actually does respond to a lot of Israel's demands.
At the same time, for example, Hamas said that it's
lost contact with two of the hostages, so it's not
clear if Hamas would be willing to deliver on this

(37:30):
plan to agree to it. But I think there really
is a good chance with President Trump, you know, leaning
hard on Israel, and with Kutar leaning hard on Hamas.

Speaker 2 (37:42):
Let's see how the next twenty four hours on falls.
Linda Appreciate Linda Gregstein, who's the CBS News correspondent in Jerusalem,
Full teen Coast.

Speaker 1 (37:49):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, how
It By News talks.

Speaker 2 (37:54):
At be Prime Minister coming shortly the lads after right
with the sports seventeen past seven, so were appear to
have some sort of liftoff in terms of international student
numbers returning to the country, which is good. New Stat's
enrollments are up sixteen percent on last year, forty nine
percent higher than twenty twenty three. We're sitting at sixty three,
six hundred and ten. China and India the key markets,
but we have follow up from Japan, Sri Lanka. In

(38:16):
the US, Amanda Marley was the Chief Executive of Education
New Zealand and as with US, Amanda, good morning, good morning,
we see a big increase in good value for money.
Is that perception from these students or is that real?
And if it's real, what's changed.

Speaker 18 (38:30):
I think it's a bit of both. Actually, I think
they definitely are valuing the education they get here in
New Zealand. We're seeing that come through in their feedback.
There's probably some some play there of a p at
war exchange rate, but definitely we'd say from the feedback
they are enjoying their time here and they feel they
are getting value from that time here.

Speaker 2 (38:49):
Good The numbers are just the result of post COVID.
It was always going to happen in some way, shape
or form, or has there been a push and the
push is working ook.

Speaker 18 (38:57):
I think this is a real credit to the work
the entire sector has really done over the last couple
of years to get back out into market and really
push New Zealand as a study destination. So it's definitely
a result of the hard work. There's more push to
be done, and we've got really great plans to do that,
so I think we can We're on a really good

(39:17):
path here.

Speaker 2 (39:18):
Good sixty three thousand plus. How full are we What
could we do reasonably? Do you think?

Speaker 19 (39:23):
Well?

Speaker 18 (39:24):
Our plan is to double the value of international education
by twenty thirty four, so we're looking at really steady growth.
We're not looking at the boombust cycle we've seen in
other parts of the world. We're really taking a considered
approach to this. We've worked with the sector. We understand
what the capacity looks like in universities and schools, polytechnics,

(39:46):
and we're really trying to support them to basically get
back to that that capacity.

Speaker 2 (39:51):
Is the visa thing smooth now?

Speaker 18 (39:54):
The visa thing actually is getting some great feedback from
students so that was a real positive in our Student
Experienced survey that showed a ten percent jump in the
number of students rating the time it takes to get
their visa really positively. And that's a real credit to
the work going on beyond providers. This is a full
court press here and immigrations doing their part two, which

(40:15):
is really great, good stuff.

Speaker 2 (40:17):
Nice to get the Mandamala, who's the Chief Executive Education
New Zealand. Sri Lanka and Nepal have jumped, I assume
off low bases, but so it's not all China and India.
You've got Japan, Sri Lanka in the US, but also
Sri Lanka and Nepal, which is encouraging. Now the Phillipson
Junction got a headline or two on Friday. Some more
on that in the Moment seven.

Speaker 1 (40:38):
The Mike Asking Breakfast Full Show podcast on iHeartRadio call
it by News talksp.

Speaker 2 (40:46):
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Smith and Smith dot co dot inzt Smith and Smith
dot Co dot inza se twenty three. You wondered how
long it would take for someone to work out that
the injunction over Tom Phillips and the various bits and

(41:50):
pieces were they're allowed to talk about wore done well.
We talked about Maybe this is widely understood, maybe it isn't.
But an injunction is imposed by a New Zealand court
is applicable only in New Zealand. It's an effective mechanism
if you're living in nineteen seventy nine or even nineteen
ninety nine. But post the Internet and especially social media,
it borders on being pointless. So what we have post
the injunction on Phillips and the various issues around his

(42:13):
family is everyone knows what's in it and have done
basically from the start. Offshore operators are spreading it about
the place like no tomorrow, which led some people Friday
to raise it with the Justice Minister, who is quote
unquote having a look at it as though that means anything,
but he is not optimistic, no kidding, which leads to
the obvious question why go for an injunction? And also

(42:36):
why would a judge offer an injunction knowing no one
internationally is going to adhere to it. Answer to the first,
I don't know. Answer to the second, my guess is
no judge wants the state wants to state the obvious
by admitting defeat because in turning it down, because it's pointless,
you are an effect setting a precedent, and every application
going forward would be open to that precedent, and therefore

(42:56):
you don't want to be the person who blew it
all up. Also, do not underestimate I don't think the
e associated with the judiciary, who, despite the modern world,
still hold the idea that they count for something and
they hold sway over the discourse of matters in their courts.
The other major issue international outlets or not is, of course,
the vacuum create a vacuum, it gets filled with nonsense.
Now I know what's in the injunction. I've been told

(43:17):
by people who know as well, So I know the
weirdness that's out there that isn't real or indeed even
close to it. So all in all, what you've got
the whole thing's monumental mess. Gossip rules the roost. The
real story is there to be had. It's all over
the world, and the judiciary might want to think about
how they handle these matters going forward, because the horse
has bolted and the Justice Minister, I can assure you
will not be offering anyone anything by way of solution.

(43:41):
Asking Mike, it's difficult enough to get sent to prison
in this country. Everyone who's in there deserves to be.
They're build another prison where they are why Kerry is
expanding another eight hundred and ten christ Which men's prisons
are adding another two hundred and forty in Perimromo is
currently looking I think they yet to get cleanest, but
they're looking to expand from sixt eighty to twelve hundred
and twelve over the next twelve years or next ten years.

(44:02):
So it's not like we haven't seen this coming and
we are doing something about it. Mike, my wife works
at Christyich Women's. They're double bunking for the first time
since the jail opened in the sixties. That's, unfortunately what
happens when you put people in jail. Of course, in
the places. For Mike, the speech given by Winston Peters
at the un was very well worded. I was delighted
that New Zealand didn't go with the flow like other
countries and recognized Palestine. Thank you, Terry. If you can

(44:23):
take away the politics of it, which as it turns out,
I can, because I've mentioned a number of times in
the last couple of weeks on this program, I'm not
particularly exercised about it. We could have said we all
recognized Palestine, I wouldn't have been particularly upset, Or we
could have said what we did and I would have
been complete. You know, I'm nonpluss about it. We got
vastly more important domestic things to think about, and nothing

(44:43):
as to what we said one way or another at
the UN on Saturday, was going to make a job
of difference. So I really didn't care. But if you
listened to the speech, which I did, I watched it live,
it was a very very well worded and extremely well argued,
And even if you were pro Palestinian, if you could
just park up the emotion long enough to listen to

(45:04):
the words that we used. He had thought about it,
and he lay on his lawyer, which is as great advantage,
of course. He laid it out very clearly and very succentully.
And even if at the end of it, because you're
so pro Palestinian, you still thought he was wrong, you'd
be churlish not to argue that he didn't state the
case particularly well. Big power reform coming to this well,

(45:27):
allegedly the power some power reform coming to the country
this week. Talked to the Prime Minister about it shortly.

Speaker 1 (45:33):
Tough on power, Sharp on Insight, the My Costing, Breakfast
with Vida, Retirement, Communities, Life Your Way, News Talks, head Bell.

Speaker 2 (45:42):
First three names coming for the week if you've entered
some newstalksb dot co dot, he said, Ford Slash Visa
for the Big Grace in Melbourne in March next year.
First three names to be called out after eight o'clock
this morning. Meantime this Monday morning, Prime Minister Christoph Luxandus Withers.
Very good morning to you.

Speaker 5 (45:58):
Good morning Mike, how.

Speaker 2 (45:59):
Very well in do there's a couple of well, what
are you doing Wellington? Why aren't you in Auckland? What's
going on Parliament?

Speaker 12 (46:03):
Well?

Speaker 8 (46:04):
And surely yeah, we've got quite a big announcement about
two thirty I think today around earthquakes legislation. And I've
already read that out balance right between costs and risk
and stuff like that.

Speaker 5 (46:14):
So that's why I'm here for that.

Speaker 2 (46:15):
And now fair enough, well I read it out before.
So basically you're slashing the costs. You're going to say
US eight billion dollars a billion dollars alone in Wellington.
So what will they go to from thirty four versus
sixty seven? Will that number change.

Speaker 8 (46:29):
Or you'll have to wait to two thirty Michael. But
the key thing I'd say is that I think you're right.
I mean, there's been well intentioned, but legislation that really
has been one size fits all across the country, and
we just got to get much better at looking at
earthquake risk and then getting appropriate cost alongside that to
mitigate against that risk. So we're just trying to get
a rebalancing happening there. And I think Chris Pink's on

(46:50):
some brilliant work, has spent a good part of a
year going around talking to everybody about the issue, and
I think we have a sort of common sense solution.

Speaker 5 (46:56):
To it all today.

Speaker 2 (46:57):
WHI should be really good when you make that announcement.
Can you be anticipating some more angsty questions over Palestine?

Speaker 5 (47:05):
Highly likely?

Speaker 8 (47:07):
Yes, I hope people will focus on the earthquake, but
also very happy to address the Palestine questions as well,
because I actually think we got to the right decision
and we made the right decision for New Zealand, which
is confirming our previous position saying we're not if but
complex issue. You know, there's people on all sides that
debate of strong opinions. There's equally people who don't have
any view on it across New Zealand. So I think

(47:28):
we got to a good place and I think we
articulated our view very well.

Speaker 2 (47:31):
Does it just one more question on Palestine? Does it
sit comfortably with you in the National Party as opposed
to the government.

Speaker 5 (47:39):
Yeah. Absolutely.

Speaker 8 (47:40):
You've got to remember I'm the Prime Minister who made
the designation about Hamas as a terrorist organization and I
believe very very strongly that you can't recognize a state
when terrorists play a significant role in the government and
Hamas is the de facto government of Gaza, and you
know what happened on October seventh, utterly unacceptable. Equally, I've
also been calling out Israel saying, look, it's the disproportionate response.

(48:01):
I thought Winston talked to that and articulated a view
very strongly on that too. And we're not pro Israel
pro Palestine. We're actually friends to both and we want peace,
you know, And that's really the main event, irrespective of recognition,
is really what do you do about the conflict and
how you get that resolved.

Speaker 2 (48:16):
Also, this week, power reform on a scale of one
to ten ten, you're going to blow the whole thing up.
One you're beirely going to touch it. Where are we
going to be at roughly?

Speaker 5 (48:24):
Well, I think pretty common sense. Staff. We've actually had
a bit.

Speaker 8 (48:27):
Of rolling thunder, as I would say, around power electricity
over the last wee while. I mean there's two things
going on, Mike. I mean, first and foremost, we have
to double the amount of renewables. A lot of that's
around fast track. We've certainly passed an RMA amendment bill
just dealing with the electricity side, which is saying it
shouldn't take eight years to consent to win farm. Let's
make it one year. Let's make these things permitted activities

(48:48):
because no one endeavors, and also let's get them larger
consenting duration. So that's the renewable side. The real challenge,
as you well know, is actually what do you do
about the firming or firm or capacity generation, which is
stuff that we need when actually there's not enough wind,
rain or sudden and you know we've overturned the oil
and gas band. It would be nice if Labour had
a bipartis an approach to that, because we actually.

Speaker 5 (49:09):
Need gas for the foreseeable decades.

Speaker 8 (49:12):
And we've put money alongside to co invest and incentivize
investors to come and explore for natural gas on the ground. Here,
we've put in place a strategic coal reserve and hardly
so that we can keep the lights on and keep
keep prices, you know, with a downward pressure.

Speaker 5 (49:26):
And with the other thing that we've done recently that
you and I've.

Speaker 8 (49:29):
Talked about is that we've made the gen tailors offer
the price of generation being generated out for their own
the same price they sell to their own retailing operations.

Speaker 5 (49:37):
They've got to sell to the smaller competitors as well.
But we've got, you know, some of what's will talk
about that this week.

Speaker 8 (49:43):
But I think we've got just good common sense things
the hard issues, you know, like essentially the oil and
gas ban, easy convenient decision to make in twenty eighteen,
but didn't think through the consequences and the implications of that.

Speaker 5 (49:54):
And we've got a pooper scoop and clean that up.

Speaker 2 (49:57):
Right. So having said that, so you opened it up
for anybody as well. I think it was Friday officially,
and you've got the two hundred million dollars which you
just referenced to moment ago, is actually anybody in line
set to go and do you run the risk of
actually spending any of that two hundred million dollars.

Speaker 5 (50:11):
Well, we're very open to spending it.

Speaker 8 (50:14):
There's lot there's constant conversations going on about potential investors
wanting to invest in energy in New Zealand and either
in gas and or in renewables.

Speaker 5 (50:22):
For sure, there's a lot of focus on renewables, but we.

Speaker 8 (50:25):
Want to make sure we're doing everything we can given
the chilling effect that that decision sent to international investors
that this is the government that supports your investment, and
that's why the repeal of that legislation and overcoming that
was kind of important. But look, there's it's complex, right.
I mean, we've got to make sure that we can
actually generate therm or firming conditions electricity, and part of

(50:46):
that is yep, we've had to use a big coal
reserve and put lots of coal in the back of
Huntley deliberately so for those dry riskiers. But you know,
there's a series of just things we're just going to
have to keep working through.

Speaker 2 (50:57):
Okay, Paul Goldsmith, actually let me get to your comments first.
Your comments about the Electoral Commission counting faster. There was
some sort of blowback on that. What do you see
the line as between you commenting and offering an opinion
on something versus the Prime minister going at an independent
organization and then them being affronted by those comments.

Speaker 8 (51:17):
Well, look, I mean I'm thinking, I'm just reflecting what
Keywi's view, which is it just takes too long to
get our vote counted.

Speaker 5 (51:23):
It used to always be two weeks. Last election, it
blew out to three weeks.

Speaker 8 (51:27):
A lot of the advice we had as well, that's
because there was a massive increase in special votes, and
that's because people are registering on the day. What we've
then said is, okay, we're going to pull that back
to two weeks prior to election. You can get yourself
organized at two weeks out from election. I'm sure Keywis
can do that. Australians do it. Four weeks out from
election shouldn't be a problem, and you know, as a result,

(51:47):
that should help speed up the processing of the votes
on the other side of an election. You know, I
respect their independence. I'm not telling them what to do,
but I do also expect them.

Speaker 5 (51:55):
To go back and review their processes.

Speaker 8 (51:57):
And improve and constantly improve their processes to deliver faster
the vote recognition. I just say, you know, around the
world there are other countries of five million people and
they process and do their vote much faster than three weeks.
So I'm respecting their independence. I'm not telling them what
to do, but I am reflecting where New Zealanders are at,
which is, you know, we're sitting there three weeks after
an election with a vote not counted if you remember

(52:18):
last time, and I don't think it takes that long,
and I think in twenty twenty five there's things that
we should be constantly looking to improve the process.

Speaker 5 (52:26):
So by pulling.

Speaker 8 (52:27):
Forward the special vote registration, I trust Keewis they can
get organized two weeks out from election. You can do
it right now tomorrow if you feel so inclined and
get yourself enrolled.

Speaker 2 (52:37):
Paul Goldsmith and talking to the Law Association last week
warning about unique court rulings in this country and bespoke
legal systems and putting off investors. Does he speak on
behalf of the government or has he gone off off
peace and just done this by himself.

Speaker 8 (52:53):
No, he speaks on behalf of the government, which is
that you know, we just want to make sure the
rule of law and the legal system is to actually
recognize it's really clear for people, particularly if you're an
overseas investor, you need predictability and certainty in how law
is going to be interpreted. And I don't think you
want that clarity for investors and clarity around the rule
of law. So you know, he's just saying, look, you know,

(53:15):
we acknowledge there's some unique aspects in New Zealander around teaching,
but actually, you know, we want to actually there's also
a real clarity for people and if they're if there
isn't clarity, we're happy to legislate or open to legislating
over the top as we have pend Like.

Speaker 2 (53:28):
What what would you be happy to legislate over the.

Speaker 8 (53:30):
Top of, Well, I'm not sure, but I mean as
the issues come up. I mean he was reacting I
think to questions around Peter Allison and certainly around I
think the game patch return or something like that.

Speaker 5 (53:40):
But but all he's saying is a broader.

Speaker 8 (53:42):
Point in an academically law society kind of conversation that look,
we need to make sure that we've got a consistency
around how our laws are going to be interpreted, because
if you are coming investing billions of dollars in New Zealand,
you do want certainty to know that if you if
you've got remedies that are needed in a dispute or
a conflict, you may have you know how that's going
to be handled.

Speaker 2 (54:01):
Okay, this property stuff that got made news last week
and you're old mate Carl will his twenty five houses
that he didn't know what's going on. The law's not clear.

Speaker 8 (54:10):
Well, I mean the Registrar, as I understaid at carltok,
advice from the Registrar on that actually that explicit point,
and he's followed that advice. Subsequently, it turns out I
think there's six or seven MP's or something that people,
you know, the Registrar you know, thinks may be caught
by the same sort of position or a similar position.
Long story short, there's something called standing orders here in

(54:31):
the Parliament rules. I can't comment too much on it,
but suffice to say, you know, the Registrar's now decided
to have another look at it. But as I understand it,
you know, Carl had asked for advice around that from
the Registrar himself.

Speaker 5 (54:44):
And has followed that advice. But let's see where that goes.

Speaker 8 (54:46):
And if we need to tighten up anything, then I'm
sure we'd be open to it.

Speaker 2 (54:51):
Do you agree with me? I thought the Test on
Saturday was better than the South African win.

Speaker 8 (54:58):
It was a better game. Yeah, I think so too.
I think that first twenty five minutes they were on fire.

Speaker 5 (55:03):
I mean it was.

Speaker 8 (55:04):
The passing skills were unbelievable. There was very little kicking.
I thought they were absolutely fantastic. And I spoke to
a number of the players at the end of the
game and yeah, the Australians were good, right, they were
quite quick and fast, and yeah they played well actually,
and Joe Schmid's done a good job with that team.

Speaker 5 (55:17):
But I personally thought, no, they played really well.

Speaker 2 (55:20):
Yeah, exactly right, Go well, well, catch up next week.
Appreciate a Prime Minister Christoph Lux and that announcement on
the earthquakes coming at two thirty this afternoon fourteen to two.

Speaker 1 (55:27):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at Me.

Speaker 2 (55:34):
But the irony is the thing about the rugby over
the weekend. I was going to raise this with the
lads up to eight o'clock that I thought it was
a superior game in the sense it ebbed and flowed,
and I mean it wasn't the top up. Yeah, the
big South African thing and all that, it was a much.
It was a superior game. And here's the thing at
the end of the season for all the angsties. So
when we beat Australia this coming weekend and the Argentinians

(55:55):
lose to South Africa, we will have one one or
retain the Bledisloe Cup and two won the Rugby Championship.
And therefore you can't ask.

Speaker 13 (56:02):
There's no way we can win the Rugby Championship from here.

Speaker 2 (56:05):
Yes, there is. If Argentina lose to South Africa and
we beat Australia, we'll win the Rugby Championship, is my
understanding of the calculation.

Speaker 13 (56:11):
No, we'd have to lose by as we'd have to
win by a massive margin.

Speaker 2 (56:15):
Yeah, but that's a negative view of the world. Why
can't we win by a massive margin for goodness sake? Anyway,
The point being, that's the other thing I was toy
I was toying between the two. So Melbourne was on.
I was talking to a daughter who's in London, but
she has been living in Melbourne, so she's an AFL
fan and so we were sort of, you know, chatting
about the AFL Final which was on kind of at
the same time as the All Blacks were and if

(56:38):
you looked at the atmosphere, the mcg say whatever you
want about Melbourne. I read a couple of articles about
Melbourne over the weekend. To my eyes was one headline.
To my eyes, Melbourne's turned weird? Is this lingering legacy
of long lockdowns? I may come back to that, but
you know, for all that's wrong with Melbourne, of which
there is much, on Grand Final day, well one hundred

(56:58):
thousand people and the Snoop Dog, they seemingly can do
no wrong. So they had record crowds, they had record
eyeballs on it and it really was until halftime a
fantastic match, and after halftime it blew out, so a spectacle.
But anyway more, after eight o'clock nine Toway.

Speaker 1 (57:15):
For the mic Hosking breakfast with a Vita Retirement Communities
news dogs had been.

Speaker 2 (57:20):
But Malcolm seems to have it. All Blacks would have
to win with the bonus point. I don't see that
being a problem and a large margin. Don't see that
being a problem either. Argentina would have to beat the
box while stopping the Box from getting a bonus point.
Don't see that being a problem either. It's possible, as
a possible that Argentina can beat South I think it's possible.
Everyone's beating everybody. That's been the wonderful thing about it.

Speaker 13 (57:40):
I think really the main problem for US is we
have we've sort of run out of players that aren't
broken into bed.

Speaker 2 (57:45):
There's a little bit of that about that. I'll give
you that much. Six point one million. In front of Australia,
the share they often talk about the share, so of
the people watching television Australia during the AFL final, what
was the share eighty one point one percent over eight
in ten p people watching television on a Saturday afternoon
in Australia watching the Australian Rules football Fine. Speaking of numbers,

(58:06):
let me toss a couple that TU stats department provided
the news on Friday that we are richer than we
have been. We're all significantly better off than we woure
does that feel like that's the case. You go back
a couple of years to twenty twenty one, we were
all worth collectively on average, this is all our stuff.
So you take your household as sets, you retirement savings,
your investments, you subtract the debt. What are you left with?

(58:28):
On average? In twenty twenty one it was three hundred
ninety nine thousand dollars. That's on average what we were worth.
Now it's five hundred and twenty nine thousand, so we're
we're booming. Our wealthy is twenty percent has increased A
wealth has increased by twenty four percent, so it's a
median of two point four million. So the wealthiest twenty
percent of New Zealand is a worth on average two

(58:48):
point four million. Two quintiles below that have increased by
forty percent, and those numbers are half a million and
one million, respectively. No statistically significant change to the twoist
low income group. So what you can conclude from that,
quite rightly, is so often said the richer getting richer,
and the others aren't. Owner occupied housing and other real

(59:08):
estate represents just under half of all household assets. So
that's the whole story that New Zealanders love property, rightly
or wrongly, over every half of everything we have has
got to do with the house and that's how that works.
So the rugby, yes there was the netball. The basketball

(59:31):
we haven't mentioned so far this season. Turns out we're
a bit useless the Breakers again unfortunately things aren't going
particularly well. The ride account was embarrassing or continues to
be embarrassing, both for the Americans in terms of the
result and for the crowd. So all of this and
more in the commentary box after the news, which is
next your news talks they'd.

Speaker 1 (59:48):
Be opinion, edit, informed, und apologetic. The mic Hosking breakfast
its range rover leading by example, news talks dead be.

Speaker 20 (01:00:05):
Sprung room.

Speaker 2 (01:00:07):
It is no raw, no run come. It's been hard
for from the Otago team.

Speaker 14 (01:00:14):
But I have won it and retained the shield and
retained their place on the competition table. And the wall
of these hopped and popped for they can't quite low
the fortress down and eatam Park. The Bladers loa puck
in all black times for another year.

Speaker 21 (01:00:31):
Martina seven long shot all it's in Martina seven. She
collect surfaced and you Zealand have won by the solitary goal.

Speaker 1 (01:00:44):
The Monday Morning Commentary Box with Spears, Finance, smart Asset
and equipment finance for Kiwi businesses.

Speaker 2 (01:00:52):
Andrew Sevils will us Good morning to you, sir. Hey Mike,
I'm very well and do thank you. And I think
we're getting Jason Upper email may not be on the
phone or whatever they came. We're having some problems with
our thing this morning out with technically we need a
reboot or some new batteries or something like that. Real
just quickly, I was saying to have no one's disagreed
with me so far, which is encouraging. But I thought

(01:01:12):
the rugby game was the best of the season so far,
and it beat the Australian victory that we had a
couple of weeks ago.

Speaker 12 (01:01:18):
You mean South African victory had in part better than that.
I think it was as far as the spectacle was
concerned with attacking play and entertainment. Mike, yep, I'd agree.
I think that was the best twenty twenty five minutes
were seen from the All Blacks, the opening probably of
the whole season. The concern is that they wavered near
the end, but big tick in their box as they

(01:01:39):
held on in the last five or ten minutes, didn't
blink and they scored that very good try. At the end.
The other the underlying concern though make for me is
that the Wallabies only had forty percent of the ball
but almost won the game. It got pretty close to
winning the game. So I think it'll be all on
again and perse and clearly Joe Schmid, Mike Cron and co.

(01:02:01):
Have this Swallowby's team very well drilled by getting a
few players back from injury and unavailability for Perth, So
game on again.

Speaker 2 (01:02:10):
Just talking Jason, good morning to you. Just talking to
Jason the boss a moment ago, very very impressed with
your broadcast quality on Saturday afternoon. Should go well for
the pay rise or the you know, at least the
application for the pay rise, Jason. So they're feeling bullish
about you at the moment. Do you agree that it
was the best game of the tournament so far?

Speaker 19 (01:02:32):
I think so, Yeah, And certainly the reintroduction of cam
roy guard was a huge part of that. Look, he's
quickly become one of the most important members of his team,
and just having him back in there, you know, a
couple of tries just as energy, his ability to run
from the base of the raich wor kirk or whatever
he wants to do is so important. Yeah, look, I

(01:02:55):
think now the trick now is consistency, isn't it. You
know you can't go to Perth and lose. They you
know that may well happen, but they've beaten Argentina, lost
to Argentina, beaten South Africa, lost to South Africa. They
want that consistency that they've been craving for so long.
They just got to go to Perth and win. It'll
be tough because Ossie are getting some players back, but
that should be the goal this week. Go over there

(01:03:16):
and win and went well, did.

Speaker 2 (01:03:18):
You get a chance? Andrew? You would have been at
the ground. I wasn't watching where you were on saiday whatever.

Speaker 12 (01:03:22):
No, No, I wasn't at the ground.

Speaker 2 (01:03:23):
Mic Okay, did you see any of the AFL final?

Speaker 12 (01:03:27):
Oh? Little bits of it. I saw a bit of Snoop?

Speaker 2 (01:03:30):
Did you like that? I thought Snoop? The reviews are
really fantastic. People thought Snoop was brilliant, but I thought
he looked completely out of place at a football game.
It's sort of the style of music that beat the pace,
the energy. It sort of looked weird.

Speaker 12 (01:03:44):
It was a little bit surprised when they confirmed he
was doing I thought, you know the news, I think
they had Katie Perry last year, but I thought they
might have gone back to an Ossie rocker or Ossie band.
But it was pretty one side of though in name, wasn't.

Speaker 2 (01:03:55):
It In the end it was. It was very tight
to the half. It was literally within a point to
the half and then it's sort of fell apart and
it was a disaster. But it's just that atmosphere, that
the size of the ground, the noise, the buzz, it's
just an It's one of sports great visual highlights.

Speaker 12 (01:04:15):
The game's almost secondary, as is so often the case
in that in that week build up, talk about atmosphere.
What about that Broncos Penrith game last night was.

Speaker 2 (01:04:25):
Well, we had the I read out last week they
did a mathematician. One of the Australian papers had a
mathematician do the numbers and he had Melbourne and Brisbane
for the final, with Melbourne winning. And so far he's
spot on.

Speaker 12 (01:04:40):
MS mathematicians in Australia.

Speaker 2 (01:04:43):
Yeah, well I think he's an immigrant, but he got
all he got all the qualifications. But he's right so far.
Just both wanted.

Speaker 12 (01:04:51):
I mean, did you did you watch the end of
it too.

Speaker 2 (01:04:54):
I saw the highlights this morning.

Speaker 5 (01:04:55):
Here.

Speaker 12 (01:04:56):
Yeah, the veteran Broncos player who's been out injured for
a long time comes in. Reese Walsh's goalkicking was dreadful,
comes in to slot the conversion of the try to
go ahead sixteen fourteen difficult kick, nails it right down
the middle. That's clutch.

Speaker 2 (01:05:10):
That's that's what makes it so good. That's what just
for either one of you. From a text, they want
to recognize Fisher Black, first ever Kiwi to stand on
a podium at the UCI the champions This the cycling
is fantastic. Why my big question, what's it doing in Rwanda?

Speaker 12 (01:05:27):
Well, funny you say that, Mike, But over the last
few years, I think Rwanda has actually sponsored a couple
of professional teams in the Tour de France and some
of those big events. And I think they've actually had
a cycling team, fully pro team with Rwindans in it,
righting around the world and the big events.

Speaker 2 (01:05:48):
Because I'd assumed it was some sort of tourism push
or something, because I mean, it's never it's never held
in Africa, far less Rwanda.

Speaker 19 (01:05:56):
I think the other part of it, Mike, is there
is something going on with the UCI and terms of
an election for president or a high up position in
the UCI, and whoever is looking to gain that position,
I think is looking for the African block of votes
and therefore has given or has sort of helped facilitate
this world road race in Rwanda for that end.

Speaker 2 (01:06:19):
Okay, well that makes sense.

Speaker 12 (01:06:20):
Maybe the Rwandan president like cycling, is there a president.

Speaker 2 (01:06:24):
Well bounderby Well, look all that I have those details
in just a couple of moments. I'm surprised you don't
know that from your formed geography at Aaronui High Andrew
more in a mom and Andrew Sevil, Jason Pint thirteen
past the.

Speaker 1 (01:06:34):
Mike Husking Breakfast Full Show podcast on iHeartRadio powered by News.

Speaker 2 (01:06:39):
Talks, b News Talks sixteen past eight.

Speaker 1 (01:06:42):
The Monday Morning Commentary, Bogs with Spears, Fight Ads, smart
Ass and equipment finands for Kiwi businesses.

Speaker 2 (01:06:49):
Paul Kagame used to be the head of the RPF,
the Republican Front and has been around for a long
time in Rwanda.

Speaker 12 (01:06:58):
Rule one. Also, it's a very very he's a very
popular he's been president for twenty five years.

Speaker 2 (01:07:03):
You're not always popular in places like that. App in
Andrew just just because.

Speaker 12 (01:07:08):
Of popular is it forced popularity.

Speaker 2 (01:07:11):
Not not necessarily related to anyone thinking that you're any good. Also,
of course Rwanda sponsor Arsenal the Hope of Africa on
their jerseys.

Speaker 12 (01:07:21):
There is there is a feeling of is it impossible?
Feeling of sports washing here.

Speaker 2 (01:07:26):
Could be a touch of the sports washing here. Do
you know this? This will have passed everyone by except
a wonk like me. If you watched Cash Patel last
week in front of the Judiciary Committee and his tie
was a Liverpool tied, did you notice that?

Speaker 19 (01:07:43):
No?

Speaker 2 (01:07:44):
No, yeah, I told you. No one else could see
it apart from me. But I thought, where the hell
do you get that from? I mean, is he honestly
a Liverpool supporter and he got a freebie?

Speaker 12 (01:07:53):
What is the Judiciary Committee?

Speaker 2 (01:07:55):
Well, it's when you say, Cash, all this FBI stuff
that's going on and we want to see.

Speaker 12 (01:07:58):
The Yeah, and he was the guy over here sitting up.

Speaker 2 (01:08:02):
I was the guy. Now now now this will everyone
will be infuriated with me while going off topic here.
So when he was here recently on a secret visit,
Judith Colin signed off ten thousand dollars for hospitality for him,
and that included air fairs, accommodation, food, and fundsies. And
I thought to myself that seemed to be cheap budget,

(01:08:24):
isn't it?

Speaker 10 (01:08:24):
Yeah?

Speaker 2 (01:08:25):
I thought cheap? I thought cheap? You can't you know
what's he doing with that money? Because he brought his
own plane. I mean, the Americans will be feeding him,
so it's not like so it's a rainbow's end. He
might have gone to Queenstown for a couple of days
something like that.

Speaker 12 (01:08:37):
And I thought, Jesus, you know, Judas, since you put
a roast on or something, so.

Speaker 2 (01:08:42):
All I can think of weird as? Anyway, where was I? Jason?
Sorry about this? You're you're a sports officiator. You're a
real broadcaster here, and that's why you're beginning to pay
rise because you're performance on Saturday was so good. According
to Jason win Stanley the Great the netball a player
calling out for Knoles to come back is quite cool,
I think, isn't it?

Speaker 12 (01:09:03):
Yep?

Speaker 19 (01:09:03):
Absolutely? I think he just echoed, Yeah, she just echoed
what everybody else is thinking. You've got to get her back.
And Goodness only knows why it's taking so long this review.
I know these things have to be followed with a
bit of you know, detail and that sort of thing.
But for goodness sake, just find a way to get
Dane nole in Toto back in there. The players clearly

(01:09:25):
want her. As soon as Grace Weeky said her name,
the crowd just rerupted. I've got no idea what's going
on here, Mike, and the Constellation Cup is fast approaching.
So look, hopefully this week I'll find a way to
get this all sorted and Dan Nolan.

Speaker 2 (01:09:39):
Will be wrong. So so pick up Andrew what Jason said.
If she's popular with the players, then why did she
get stilled down? Because there must be players who don't
like her? I mean they didn't just stand it down
for the sake of it, did they.

Speaker 19 (01:09:53):
No, Well, I'll pick up that. I don't know.

Speaker 2 (01:09:56):
Andrew as well. How our whole whatsap system blown up?

Speaker 22 (01:10:00):
Has it?

Speaker 5 (01:10:01):
Oh?

Speaker 2 (01:10:01):
Andrew fat finger? Unmute yourself?

Speaker 12 (01:10:05):
Can you sake?

Speaker 2 (01:10:07):
So I'm living in a leading community around here.

Speaker 12 (01:10:11):
I think Paul. I think Paul Kagami has been bugging
my phone and I'm in trouble with her? Is it?
The van's just pulled up outside?

Speaker 2 (01:10:22):
How many times a TV in sport do they go
tvans in sport. They go, there's old Andrew talking to
himself in the corner.

Speaker 12 (01:10:28):
Again. Does the van just pulled up and it's got
a ten s feet on the roof.

Speaker 2 (01:10:32):
And so sorry Andrew. What I was saying is.

Speaker 12 (01:10:38):
And is the majority of the players want to play
for Nol and get on with her well and enjoy
her coaching, her her hard nosed coaching, but at times
innovative coaching as well. Mike, it's two or three that
have caused this. And yes, Nipple's probably well within their
rights to look at this and to hear their concern,

(01:11:00):
but to stand down the coach very drastic. Has to
come back. Will she? Most coaches will be inclined to
so you get lost. But I think I think Nolan
has so much feel for this team and wants to
coach the national team. Still, She'll be back. She should be.

Speaker 2 (01:11:21):
Jason Erica McElroy was in tears having been abused by
the crowd. Is this the low point of the year
as the Ryder Cup just become just a circus.

Speaker 12 (01:11:30):
It's gone to farm.

Speaker 19 (01:11:32):
Pretty feral, pretty feral, and especially when the when the
ground MC or whatever whatever they're called is encouraging the
chanting with expletives. Yeah, I mean, golf's supposed to be
a sport with a bit more to core and than that,
but it all seems to go out the window when
it comes to the Rider Cup. I am enjoying, I
must say, watching Europe beat the United States in the

(01:11:54):
United States to the great despair of this feral American crowd. Again,
it's quite it's quite awful.

Speaker 2 (01:12:01):
As now. I haven't seen that much agro on the
golf course since I last played with Larry Williams, and
that really was I thought.

Speaker 12 (01:12:08):
How many? How many clubs did Larry snap over his
league three.

Speaker 2 (01:12:12):
On the first nine. It was all short lines too,
he was stuck.

Speaker 12 (01:12:17):
The Ryder Cup is McElroy right here, Rory mclaweth more.
Rory mclroy strikes me as the sort of guy you'd
love to go down the pub with and just you know,
and enjoy yourself. He just seems to be that guy exactly.

Speaker 2 (01:12:29):
Nice to see you guys. You have a good week.

Speaker 8 (01:12:31):
So that is.

Speaker 2 (01:12:34):
It's that segment done. It's a it's a twenty it's
a twenty two. The make Hosking Breakfast with Rainthrower News
Dogs Ed B News Talks A twenty five when the.

Speaker 1 (01:12:47):
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Speaker 2 (01:12:53):
I'm going to read out three names now. If you're
not one of those three names, do not ring now.
There's a message from Sammy who doesn't like to deal
with the wider public, so he just doesn't want to
deal with any more people on the phone than he
absolutely has to. So these no I know you're ringing
already and I haven't even read any names out. Please
just play the game with me. So here's the first name,
Simon Kingy. Second name is Laura Howell. Third name is

(01:13:17):
Stephan Vandon Heab. Simon Kingy, Laura Howell, Stephan Vandon Heaver.
First of those three through will win the five hundred
dollars this morning, So congratulations on that and we will
stick your name into the grand prize draw. The grand
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(01:13:41):
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(01:14:05):
Who was it? Simon got through Simon Kingy from the
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five hundred dollars for the day. You're into the grand
prize drawer, so we're going to have do you say nine?
I think we said nine in there, didn't we Eventually
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(01:14:25):
of the great radio prizes of all time. And we'll
do it again tomorrow. So if you haven't entered or
registered Newstalk zeb dot co dot z forward slash VISA.
Couple of interesting poles out over the weekend are Dennis
Shanahan's doing the business for us out of Australia in
just a couple of moments. One of the one is
around us Welcome to Country thing that they do in

(01:14:45):
sporting events, so an interesting poll around that and a
big sort of wrap of polls as to the popularity
of Albanzi. Have a look at all of this after
the News, which.

Speaker 1 (01:14:53):
Is next You're Trusted home for News, Sport, entertainment, Opinion
and Mike the Mike Hosking Breakfast with Bailey's Real Estate
covering all your real estate needs news.

Speaker 2 (01:15:06):
Togs Head been I disappointed the Warriors New South Wales
Cup Grand Final didn't get a mention with seven Pine.
You don't know why sport didn't broadcast the game since
through the NRL channel at the same time they had
an under nineteen game between two Australian science. Can't imagine
too many Key was interested in that. No, look, I
can't defend what sports Sky Sports does or doesn't do,
but we've got to sort of have an understanding. As
much as I am a Warriors fan, secondary competitions, people

(01:15:27):
who come third strange events and far flung parts of
the world. I mean, the hierarchy of sport is relatively simple.
There are certain things were gripped by there are a
lot of things we aren't and that's just the way
the sporting world works twenty three minutes away from nine.

Speaker 15 (01:15:41):
International correspondence with ends and Eye Insurance peace of mind
for New Zealand business.

Speaker 2 (01:15:46):
Shanahan is with us in the early hours and Australian morning, Dennis,
morning to.

Speaker 22 (01:15:50):
You, so good morning, yes very early.

Speaker 2 (01:15:53):
I know we've got we've gone forward and you're what
do you hop us far in the morning or whatever
it is, So we appreciate it very much. Elbow is
whins he get back? He must be. I mean he's
seemingly been away for river.

Speaker 22 (01:16:03):
Well, he's officially ended his UK trip. He's put out
a big statement on he's going via Abu Dhabi where
he'll stop and talk about agreements with the UAE. But
effectively this trip has been there. It's been the longest
trip since Prime Minister. Of course he went to New
York and the UN and so forth. But I think

(01:16:27):
it's interesting to see that he's put out his statement
and saying this trip was really about trying to help
Australians at home and create jobs and sin Australia's interest noise.
I think the Prime Minister has realized that the extent
of this trip, particularly with this indulgent trip to the
UK Labor Party conference where he talked about his great

(01:16:50):
friends at Kurs Armor and took four cans of beer.
Can you imagine four hands a buss must have been
a big party. But they it's he has got this
entire trip he didn't meet apart from the time for
quick selfie with Donald Trump. No discussions on tariff's, no

(01:17:10):
discussions on trade, no discussions with Donald Trump on UCUS.
Certainly Succurs Darma supported UGUS and nothing about China and
the region. So and certainly no deals, Sir Kurse Darmer
got a billion dollar deal out of Donald Trump on technology.

(01:17:30):
None of that for Australia, so I think, and with
a very very busy overseas series of trips to come
apex G twenty cop, he's got to go back to
the US. I think this is going to be a
real problem for Airbus elbow as they called him before,
And you can see in what he's actually saying himself

(01:17:53):
he recognizes this and he needs try and get back
on to what Australians are concerned out migration, the economy, jobs,
and he has to really get back otherwise he's not
going to sort of keep his large majority for a

(01:18:13):
long time, the support for labor historically support for labor
as primary though is low, it is very low. He
needs to actually do more about the politics to match
his majority exactly.

Speaker 2 (01:18:27):
And then there's ten billion dollar deficit. This will be
their first budget deficit. I mean, is there an argument
that says the economy hasn't been that flash of hints
wherein the read or have they just spent more than
they really needed to?

Speaker 22 (01:18:39):
Well, it's a combination of both. They've spent more than
they needed to. And of course Jim Chalmer's Treasurer is
comparing They're saying this is the best recovering a single
parliamentary term on recording his history, he is the greatest
treasure in history. But he doesn't mention the fact that
he's comparing it as a COVID period. But what what

(01:19:00):
we really see here? Yes, the labor deop delivered to
budget surpluces, but this one is much more than they thoughts.
Only ten billion, it's less than half what it was
predicted to be. But we all know that this is
in fact the first deficit in a decade of rejective deficits,

(01:19:21):
and it's built on the Treasurer says jobs, Yes, but
most of them are public servants paidful by state and
federal governments. This is where spending is and they're getting
the benefit of that. And last week we had a
big jump in inflation after the power subsidies were dropped

(01:19:43):
by state and federal governments. So you know, again we've
got this comparison of alban As you're talking about world
peace and back in Australia, the bad economic news is starting.
It is not in the economy is better, not in
such good nick as Jim Charmer.

Speaker 2 (01:20:03):
Says, you mentioned the inflation last week and that's probably
put the kibosh on another rate cut from the RB.
How do Australians view it? Is it the RB's issue
and problem or is it dovetailing into the government and
their performance in the economy as well well.

Speaker 22 (01:20:19):
Look, I think that there was at one stage certainly
the government was working on this basis of trying to
blame the RBA for all the rate rises and not
cutting soon enough. But I think Michelle Bullock has actually
done a very good job in standing up for the
Reserve Bank and saying we can only do this, we

(01:20:41):
can only do have cuts when it's justified, and she
has demonstrated. I think a real toughness as Reserve Bank governor,
and I think if she feels that the bank feels
that they shouldn't cut rates, they wonn't She cut rates previously,
which is criticized by the coals and saying oh, before
the election was political. No, it wasn't, does it according

(01:21:03):
to the figures? And I think that's will unlikely to
see a rate cut at the next meeting, maybe towards
the end of the year. It's going to depend on inflation.

Speaker 2 (01:21:13):
Right stuff. Dennis good to catch uppreciate it very much,
Dennis Shanahan out of Australia. That poll I alluded to
you just briefently, Uncle Colin Hunter junior, who does the
welcome to country thing. They did a poll before the
Grand Final on Saturday. Sixty three percent of Australians want
the welcome to ceremony removed from sporting events generally. That
number is even bigger among young people, perhaps surprisingly eighteen

(01:21:34):
to twenty four year olds, seventy two percent want it removed.
Sixty four percent of respondents believe codes like the AFL
will become too politically correct seventy seven seventy seven percent
think athletes should not campaign for personal political causes gives
you an insign.

Speaker 1 (01:21:50):
Seventeen to two The Mike Asking Breakfast Full Show podcast
on iHeartRadio powered by News Talks at be.

Speaker 2 (01:21:58):
From Our Bad to Worst file. Optics has just announced
This is Australia Telco that they had ann ount yesterday
between three in the morning and midday. It was only
in the Woolengong area and it only affected five thousand people,
but nine people in that period of time from that
population base tried to wring their triple zero and couldn't
get through. They're all fine, but clearly something's gone horribly,

(01:22:22):
horribly wrong. Just quickly back to and I'd like your
feedback on it. I've just read of late two articles
on Melbourne and one of my referenced earlier on in
the program. A woman had been a columnists for the
Sydney Paper said, after two hundred and forty five days
of lockdown, during which the Victorians were isolated by public
health order, the state has congealed into a new social reality.

(01:22:44):
During a visit to Melbourne last week, the first in
quite a while, a vibe struck me, a vibe shift
Melbournians have changed Melbourne's weekly pro Palestinian marches morphed into
an omni protest. I was accosted by some kind new
age mobby wanted to press their fly to my free hand.
Victoria's turned weird. It has a cultish vibe. She talks

(01:23:05):
of the New Zealand bon organizer of the Neo Nazi movement,
of which Melbourne is the headquarters of Thomas Seule. He
grew up there over the past few years as followers
of stage marches and Ballarat and Bendigo. They remain a
small Melbourne phenomenon, trying to make themselves seem big. Data
from the Victoria Crime Statistics Authority out last week said
young people are disproportionately represented in serious and violent crimes,

(01:23:28):
so they only make up twelve percent of the population,
but they account for sixty six percent of the robberies,
forty seven percent of the aggravated robberies and twenty six
percent of the carthiefs thefts. The pandemic and her argument
is that it's the lockdown that did it. So left
leaning government control freak governments caused the most damage. The
government official pandemic review was completed at the end of

(01:23:49):
last year. She writes, but without a recognition of the
long term effects of measures, it cannot truly be considered complete.
Just I thought that was interesting one about Melbourne, but
two about us, because our review is not complete and
I just don't know that they're taking the bigger picture
into account. And the crime is shocking, and that part
of the world's steep price tells us on a regular basis.

(01:24:10):
And it dovetailed into another piece. You should look up
and read a guy John Sylvester. The headline was from
World's most Livable city to Gotham, How crime is changing Melbourne,
And the Gotham reference is to an ex policeman that
he's interviewing, among others in the article, who said, I
call it Gotham City when people ask me about Melbourne. Now,

(01:24:31):
when you drive into Melbourne, you get the sense it's
Gotham City when it was one of the most livable
cities in the world. And that's sort of what repressive
regimes do to places in times like COVID ten Away
from nine the Myke.

Speaker 1 (01:24:46):
Costing Breakfast with Bailey's Real Estate News Dogs there'd be
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Speaker 2 (01:24:51):
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We did a tour of the bee Hive over the weekend.

(01:25:55):
What an amazing building. Rob the tour guy, was amazing.
We would be thoroughly recommending the two. Yes, it's Fretey.
Yet I'm surprised, as I would have thought maybe not
everyone should do a tour of parliament buildings. Apart from
anything else, just from an architectural point of view, most
of parliament buildings is absolutely beautiful. The old Parliament buildings.
The Beehive isn't the beehives dump, but the old Parliament buildings,

(01:26:17):
which were refurbished a number of years ago, really are
extraordinary to be amongst and look at. And if you've
never been to the Debating Chamber and looked down from
the public gallery into the seats and things like that,
it's all parliaments are well worth looking at in general
and having a tour if you get a chance. Now,
I was a little bit concerned about Wellington. It seems
hard to me. I know, we're at the end of

(01:26:37):
September and we've just entered Spring, but Wellington City, Lower
Hut and Perrie Rua along with the Upper Hut city
in the South wayre wrapper got you on level one
water restrictions already. I mean, for goodness sake, we've had
a cold, wet winter, pouring with rain. It's hardly been dry.
It's hardly like we sat through the middle of winter
and gone, min what a dry old winter we've had
because we haven't. So already ye're on level one water restrictions.

(01:26:58):
I mean, honestly, why do you put up with stuff?
I mean, what are you going to do in the
middle of summer if you're at level one already? Although
I do note that getting to level four, which is
the tipity top, the chances of getting to level four
have dropped from thirty three percent a couple of summers
ago down to one percent this year, which is good.
I suppose it's all got to do with the leaks.
Of course they've slowly but surely, you know, found some

(01:27:18):
band aids and some plasters and stuck them on the pipes.
But by and large, and this is my other question
for Wellingtonians, the Wellington region on average uses two hundred
and twenty liters per person per day, which is twenty
five percent more than Auckland. That's a lot of water
more now either auckland As are filthy or Wellington. There's

(01:27:42):
something going on with the like not only if you've
got leaks, but you can't turn the taps off and
you don't know how to, so anyway, you can only
use your sprinklers every second day between six and eight
in the morning, seven and nine at night, even numbered houses,
on even numbered days. I wouldn't be putting up with that.
If I were you, five minutes away from nine.

Speaker 1 (01:27:58):
Trending now the champast Warehouse half price in fight, it
would sale on now.

Speaker 2 (01:28:03):
Now midbads, midbids. When you get ill, they've got futuristic
taken the mid beads. And when you get ill, what
you do is you lie down on a midbad and
you get healed. They're incredible. And this has gone viral
this morning because it features Lara and Donald breaking.

Speaker 1 (01:28:20):
Now.

Speaker 11 (01:28:20):
President Donald J. Trump has announced a historic new healthcare system,
the launch of America's first medbed hospitals and a national
med bed card for every citizen.

Speaker 20 (01:28:30):
Every American will soon receive their own med bed card.
With it, you'll have guaranteed access to our new hospitals
led by the top doctors in the nation. Equipped with
the most advanced technology in the world. These facilities are safe, modern,
and designed to restore every citizen to full health and strength.

(01:28:51):
This is the beginning of a new era in American healthcare.

Speaker 11 (01:28:55):
In this first phase, only a limited number of medbed
cards will be released. Details will be announced very soon.

Speaker 2 (01:29:02):
See, most of us wouldn't know whether the Lara is
that's real Lara. But I mean, surely you can tell
that's not real Trump. I mean, that's just painfully obviously bad.
I would thought I thought Ai'd be better than that. Anyway,
he put it out on truth, Social and X allegedly,
so the real Donald Trump put that out. Yeah, but
that wasn't the real Donald Trump though, Just to make

(01:29:24):
that clear. It has been marketed in this particular part
of the world by Pete Evans, who pushed a miniature
type of med bed called a bio Charger. He said
it cured COVID. Anyway, he was fined eighty thousand dollars
because you can't go around doing that weird stuff. Now
back tomorrow morning from six We're underway for a brand

(01:29:44):
new week. Look forward to your company as always.

Speaker 5 (01:29:47):
Happy days.

Speaker 1 (01:29:49):
For more from the Mic asking Breakfast. Listen live to
news talks it'd be from six am weekdays, or follow
the podcast on iHeartRadio

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