Full Show Podcast: 30 July 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
New Zealand's voice of reason is Mike the mic Hosking
Breakfast with Bailey's real Estate altogether better across residential, commercial
and rural news.

Speaker 2 (00:10):
Togs Head be Molly welcome today. Nurses are out again,
our gang members or numbers are up again. A good
news on the netball and TV deal. David Seymour and
savings for next year's budget. He's onto it already. Mark
and Jimmy Politics Wednesday after right of course, Richard Arnold,
Steve Price, they've been in as well. Pasky, Welcome to
the middle of the week. Seven past six. One of
the more memorable days of my life was spent at

(00:31):
Michael Hill's house at Lake Hayes and Central Otaga. He
showed me his art. There was a lot of it
and it was eclectic. He had his own nine hole
golf course. It was all par threes. This was in
the days before the Hills, which in many respects was
what Michael was all about vision. He took his path
threes and then turned it into one of the best
golf courses in the country. And watching the New Zealand
open these days is worth it just for the views

(00:52):
of his course. While I was there. The charity event
he ran started at Millbrook, just across the way. Millbrook
was new then, and you wondered whether it was one
of those investments that would grow into the success it
has or turn out like Formosa or Gold Harbor. I'd
won the pro am that day. He presented me with
a ticket to Australia, a few thousand dollars and various
bits and pieces from his jewelry business that, ironically I

(01:13):
couldn't accept them, given I wasn't a professional and are
amateurs were banned from winning stuff. But I had beaten
on that day Sean Fitzpatrick, Andrew Mertins, Peter o'melly and
Greg Turner. So what did I need prizes for? Michael
never forgot that day, and he reminded me each time
we talked that I should give golf a go again
and come and play at his place any time I liked.
I first interviewed him in the eighties. He was Newish

(01:34):
then and the story of the Funger Ray shop, the
fire setting up his own business it became New Zealand
business folklore. I did one of those motivational events that
were a thing for a while with him. I was hosting.
He and other success stories told paying guests how they
did at what the tips were, how to never give up.
He was big into music classical. He was a philanthropist
in that particular area. His company a household name of course,

(01:56):
expanding into Australia and Canada and the States. The advertising
genius he reveled in the personality thing. He was a
health nut, lot of juicing, probably before his time in
that sense, and like most success stories, he had a
magnetism about and very likable, good stories and funny with it.
He was, in many respects the quintessential New Zealand success story,
hard working, self made deprecating a memorable, inspiring Kiwi Michael Hill.

(02:22):
He will be missed.

Speaker 1 (02:24):
Who news of the world in ninety seconds.

Speaker 2 (02:28):
The odd move from Starmitt's status off.

Speaker 3 (02:31):
I can confirm the UK will recognize the State of
Palestine by the United Nations General Assembly in September unless
the Israeli government takes substantive steps to end the appalling
situation in Gaza.

Speaker 2 (02:47):
That was back Duvera, the Foreign Secretary Lammy who was
at the UN.

Speaker 4 (02:50):
The Natin Yahoo governments rejection of a two state solution
is wrong. It's wrong morally and it's wrong strategic. It
harms the interests of the Israeli people.

Speaker 2 (03:04):
They did give Booby a hits up.

Speaker 5 (03:05):
So ok Starmers spoke on the phone too, Benjamin.

Speaker 2 (03:08):
Netanyahu, no doubt giving him advance warning what he was
going to say the staffternoon and what the British Cabinet was.

Speaker 1 (03:14):
Going to agree tonight.

Speaker 4 (03:16):
He will have more phone calls with other words world Leader.

Speaker 2 (03:20):
Also in Britain there's a script between the government and
Nigel Farage. They have bearzo this week new online safety laws.

Speaker 6 (03:25):
Make no mistake about it.

Speaker 7 (03:27):
If people like Jimmy Saville were alive today, he'll be
perpetrating his crimes online.

Speaker 8 (03:32):
And Nigel Farage is saying that he's on their side.

Speaker 2 (03:35):
Farage wants an apology for that, and he's not heavy.

Speaker 6 (03:38):
It is completely below the belt.

Speaker 2 (03:40):
Yes, there's to and fro in politics. This was appalling.

Speaker 5 (03:43):
All I asked for was an apology and he simply
doubled down.

Speaker 6 (03:47):
And it's a disgrace.

Speaker 2 (03:49):
Then Epstein, which despite Donald's leading over and over again
to get over it. One of us, well, one of
Trumpy's main mean isn't.

Speaker 9 (03:55):
We thought Trump was going to come in and there
a lot of things are going to be resolved.

Speaker 2 (03:59):
Did a dream this?

Speaker 10 (04:00):
I'm going to figure everything out.

Speaker 9 (04:01):
And when you have this one hardcore line to stand
that everybody had been talking about forever, and then they're
trying to gaslight you on that.

Speaker 2 (04:09):
That's Rogan finally. Well and as long as Rogan's on it,
he's got trouble. Finally will record time. We got to
four Beyonce him? Four Beyonce him? Doesn't he just sound
He's also known as the Mountain. Doesn't he sound like
the mountain? Anyways? In Game of Thrones, he's gone and
deep lifted five hundred and five kgs. Record was five
hundred set back in twenty sixteen by Eddie Hall. He

(04:29):
doesn't sound as big as four anyway. Fun fact, one
of the least frequently broken lifting records in sport. Anyway,
four claims you broke it back in twenty twenty. He
was lifted five oh one. But he did it in
a private gym where his dad was on the weight.
So that's about me, you know. So this one gets
a lefishalt tip apparently as news the world and long
Jay's a back at it there. I'm not making much
headway on this business of having children. There are now
offering eight hundred bucks a year for each child you

(04:53):
have under the age of three. Now this is the
first nationwide subsidy. They reckon it'll help about twenty million families.
So we'll see how they it goes. Twelve past six.

Speaker 1 (05:03):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, Car
of My News talks.

Speaker 2 (05:10):
And Marty might nicely put with Michael Hill and Bob
Jones passing on this year the likes of Colin Giltrap
last year. It's almost the end of an era. That's
a good observation. Thank you for that. Fourteen past six
I'm jl My Weld Andrew Keller her good morning, very
good morning. More job talk, so this time from the
B and Z and I'm just it doesn't look that flash,
does it.

Speaker 11 (05:30):
No, it doesn't.

Speaker 5 (05:31):
This is coming hot on the heels of the monthly
employment indicators that we that we talked about yesterday. So
ben zaid seek They've released their month through the port
on job ads. So job ads speaks to demand for labor,
so more demand, more job ads. You want some people,
you throw ads out there. So this all adds to
the millieure of data informing us about the labor market,

(05:52):
and the trend in job as has declined. Now, as
I said yesterday, we've got a big dump of key
labor market data.

Speaker 11 (05:58):
That's due on the sixth of August.

Speaker 5 (06:00):
In that previous data set, we had the unemployment rate
of five point one percent. Now looking like a good
possibility that unemployment will lift a little higher. Now, looking
at the Benz' Seek Job add data, job as fell
one point two percent in June. That follows a one
percent fall in May. We broaden the lens out a
little bit, you know, you take out some of the
short term volatility.

Speaker 11 (06:19):
Quarter on quarter it fell one point six percent.

Speaker 5 (06:22):
Even wider lens the annual change of a fall of
two point eight percent.

Speaker 11 (06:27):
Now, the authors do state here's the rub.

Speaker 5 (06:29):
The authors do state that after a year of relative stability,
adds are again on a downwards trajectory. That's not really
what you want to see. And there's a really stark
number buried in this data.

Speaker 11 (06:39):
Mike.

Speaker 5 (06:39):
If you look at the twelve month total, say to
the end of June twenty twenty four, compare that to
the twelve month total at the end of June twenty
twenty five and job ads have fallen nineteen point nine percent.
That is a big number. So look, we're seeing forecasts
of five point three percent for that unemployment rate. Interesting, like,
in the background of all of these sort of data prints,
the question is of what should the RBNZ do. You've

(07:01):
got this inconvenient left in the un the inflation rates.

Speaker 11 (07:05):
So it's drifting towards top end of the range.

Speaker 5 (07:08):
But if you acknowledge that to delay in the implementation
of monetary policy, if you look through that sort of
lift and inflation at the moment, the labor market in isolation,
I think is giving us a picture of something.

Speaker 11 (07:20):
That looks like it needs a little bit of interest
rate relief.

Speaker 2 (07:23):
Yes, say all of us speaking at jobs. The thing's
a little tight there in America too.

Speaker 5 (07:28):
Yeah, yes, So we're in the middle of We're in
the middle of what I think is one of the
most fascinating periods that I've ever seen in terms of
the US economy. Micrours it's fundamental input to strength of
the global economy, and the administration is disrupting the status
quo and it's breaking things where we've got.

Speaker 11 (07:43):
Established norms like trade.

Speaker 5 (07:44):
So particular attention now on how the US economy reacts
to There's a lot greater focus on data, and as
I said yes day, it's a big week.

Speaker 11 (07:52):
So a couple of pieces of data overnight. Yes, there's
some jobs data. There's also the Conference Board Consumer confidence.

Speaker 5 (07:57):
This was one of the indicators that in early twenty
twenty five had really plunged. It was a lot weaker
and mid concerns around Tariff's it sort of bounced back.

Speaker 11 (08:06):
It has stabilized.

Speaker 5 (08:07):
Last night, it was expected that the Conference Board a
consumer conference will come out at ninety six, has printed
at ninety seven point two. Still still some lingering consumer caution,
but it hasn't weakened. The forward looking measure has climbed
to seventy four point four. That's the highest it's been
since February. But present conditions fell to a three month low. Now,
job openings a little worse than expected, seven point four

(08:29):
to four million job openings versus expected seven point five million.
But the takeaway from this, Mike, you've got a cooling
job market there, but it's a gradual trend, it's not plunging.
So also quickly we talked about a lot of US
earnings releases this week. Second quarter earnings this week is
the biggest week of the earning season. Just a couple
I want to highlight. Novo Nordisk may not be the

(08:51):
most well known.

Speaker 11 (08:52):
It's a massive pharmaceutical company. You might not have heard
of No Vote.

Speaker 5 (08:55):
You will have heard of w goovi O Zenpek, weight
loss DIVT, the Hollywood, the Hollywood, the Hollywood.

Speaker 11 (09:01):
Weight loss of drug.

Speaker 5 (09:03):
It has cut as expected full year sales growth. They
thought they were going to grow at thirteen to twenty
one percent. They're growing at eight to fourteen. I talked
about Marcus being priced for perfection. If you don't delivery,
get punished. Share prices down twenty one percent overnight, so
it's been absolutely smacked.

Speaker 11 (09:20):
Boeing share price down a little bit. They've slashed their
quarterly losses.

Speaker 5 (09:24):
This time last year they lost over a billion dollars
in a quarter.

Speaker 11 (09:28):
They've cut that.

Speaker 5 (09:28):
They're still losing money, but only one hundred and seventy
six million now United help.

Speaker 11 (09:32):
Bit of a miss there.

Speaker 5 (09:34):
So the actually not a great earnings earnings to day.

Speaker 2 (09:37):
Yeah, if you're going to mix bag there, haven't you?
What are the numbers?

Speaker 12 (09:39):
Yeah?

Speaker 5 (09:40):
Yeah, just before that I do also want to acknowledge
the passing of Sir Michael Hill Mike. He was a
true icon of New Zealand business and philanthropy. He was
a unique individual and those type of people, as you said,
will be missed very well.

Speaker 2 (09:53):
Said. One are the numbers right.

Speaker 5 (09:54):
Dal Jones down two hundred and six points about half
a percent, forty four thy six hundred and third, the
S and P five hundred sixty three seven seven it's
down twelve points point one nine percent, and the NASUK
at the moment down thirty two points point one five percent,
twenty one thousand, one hundred and forty six forty one
hundred a game point six percent overnight nine one three six,

(10:15):
the nike A down point seven nine percent, forty thousand,
six hundred and seventy four shank A composite up a
third of a percent three six oh nine. Quiet day
in Australia up seven points eighty seven oh four, the
Insect fifty game point two percent yesterday, closing at twelve thousand,
nine hundred and thirty six. Key we doll it a
little bit weaker point five nine five three against the
US point nine one four oh OSSI point five one

(10:39):
five seven against the euro point four four six three
pounds eighty eight point four Oh, Japanese yend gold trading
at thirty three sorry, three thousand, three hundred and twenty
eight dollars and Brent crude you won't be happy about
this seventy two dollars, Mike, seventy two dollars.

Speaker 2 (10:54):
Hey, what about Forsyth Bar yesterday? If you started something
the Australians, the Australia. Australians are coming for us. Is
that whether what happened is a little bit of you
can't get callaheer. You go for Forsyth Bar, all right,
have a good appreciate it. Andrew kellaher jmiwelth dot co
dot and said the references to my Mercury capital here
Australian outfit made a pitch for Forsyth Bar, which I

(11:15):
note employees. So it's owned by three hundred staff these days.
So good luck to them on that. By the way,
India talk about one person's problem is another person's joy. India,
they've overtaken China top exporter of smartphones to the US.
Forty four percent of US imports come from India. Now
used to be thirteen thirteen to forty four. Total volume
of smartphones made in India has gone up two hundred

(11:37):
and forty percent in a year. Chinese smartphone exports to
the States have gone down to twenty five from what
sixty one six twenty one Here at Newstalks NB.

Speaker 1 (11:54):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News.

Speaker 13 (11:59):
Talks edb.

Speaker 2 (12:01):
That farange thing we mentioned earlier on there was sort
of the route that's broken out in Britain. It's a
v it's not a VPN thing. That what they're doing
on social media is you're going to need age verification.
New rules coming to place and you need age verification.
So all that's happened with that, and it's interesting to watch.
It's sort of the psychology of the human condition. Downloads

(12:22):
of VPNs have gone through the roof. One app maker
says business is up eighteen hundred percent. This is Proton
VPN Swiss privacy tech firm. Eighteen hundred percent increase in business.
In the last couple of weeks. Six of the top
ten downloads at the Apple App Store are VPN. So

(12:45):
you can make all the rules you want. Doesn't mean
that people necessarily follow them six twenty five.

Speaker 1 (12:51):
Trending now with chemist Well's keeping Kiwi's healthy.

Speaker 2 (12:55):
All year round. No, we got a horror movie coming.
It's not out yet, it's about to be out anyway.
It's broken a six year record. It's called Weapons. It's
about an entire classroom of children vanishing in the middle
of the night except for one. So far, all the
critics who have watched or reviewed it ahead of the
release have given it one hundred percent on Rotten Tomatoes.
That's a record close to this release date.

Speaker 14 (13:15):
I want to know what happened in that classroom.

Speaker 15 (13:18):
This is a true story that happened right here in
my tongue. A lot of people die in a lot
of really weird ways in the story, but you're not
going to find it in the news.

Speaker 13 (13:31):
Those kids fucked out of those arms. I pulled them out.
I want divorced them. What do you see that? I
don't show me.

Speaker 2 (13:40):
Where did you go?

Speaker 16 (13:42):
There's something very very wrong going on with that.

Speaker 4 (13:47):
I've never seen anything like that in my wife.

Speaker 2 (13:58):
Now you got Josh Brolin, men and Blake did pull
all that stuff? Julia Garner, she has an ozark the
bidding war for the original was intense. Studios wanted it
so badly. The director Zach Krieger, he got the rights
to have a say on the final cup. That's reasonably rare.
It's also highly anticipated because Jordan Peel, he was an

(14:19):
Arson him and get Out and all that sort of stuff,
missed out on getting the film because his management team
didn't go hard enough to win it. After which he
worked it out, so we fired the team. Still isn't
in the movie, so he's got no team and he's
got no movie. Anyway, it's out in theaters. August eighth,
finished off Happy Gilmore last night. Two parts are at
our place, and it suddenly occurred to me, that's why
it goes to Netflix, and that's why you're seeing all

(14:40):
these things go straight to streaming these days. There's no
reason to watch Happy Gilmore at theater. Why would you
go all the way down to the theater to buy
some bombonds and watch her movie like Happy Gilmore. There's
no gain in it. And that's why I think theaters
need a superman. That's anyway, this small movie observation for him.
News is next and then we'll talk about oh this housing.

Speaker 1 (15:01):
Mike hard Game insightful engaging and vital the mic asking,
Breakfast with Vida, Retirement, communities, Life your Way, New Togs
dead being both, don't use.

Speaker 2 (15:12):
Your sort of circumstances. Yesterday is extraordinary White. I happened
to be watching it. You know, the guy wanders in
the military rifle in the middle of Manhattan and you
know what happened. Next, we'll get the update with Richard
Donald Shortley maytime back here. Interesting insight into how we're
handling our money. So we've got a record number of
US switching mortgage lenders, two and a half billion dollars
worth transacting in June alone. Bavid Cunninghams, the CEO Squirrel

(15:34):
Mortgages back with us.

Speaker 17 (15:35):
Morning, Good morning, Mike.

Speaker 2 (15:36):
All the switching that's going on, is there a direct
result of competition? Banks are wanting to do deals and
get your money.

Speaker 17 (15:43):
That's only sort of you know, banks use different tools
like entry austraits and cash backs and things like that.

Speaker 13 (15:52):
Shroight.

Speaker 17 (15:52):
When you're business, there's a bit of a pass pass
of exercise. You know, you move from one bank to
the next, and a different customer moves from that bank
to the other way, and so it's a bit of
a pass to parcel. It's sort of a way for
It's all sort of a way. Oh we Gopoli's work. Actually,
you know, rather than pass on a lower interest rate
to everyone, they just for those that go searching for

(16:13):
a cast back by changing banks get good deals. So
you know, interest rates would be lower if we didn't
have cast backs. But it's a good way for banks
to compete with each other, seeming to compete without really
impacting their profits, to be honest, all good for the customer.

Speaker 2 (16:29):
Sure takes advantage of it if you're prepared to do it.
So what are we seeing in these numbers? So you've
got zero point three billion in new lending, which is
up two billion on last year, and I know this
time last year was soft. So you've got some new lending.

Speaker 13 (16:39):
There.

Speaker 2 (16:40):
Is that good? Or are we just shuffling money round
and round in circles? No one's actually doing anything.

Speaker 17 (16:45):
Well, no, I'm in the underlying profit property market back
to historical sort of trends. So you know, the underloning
turnover in the housing market is back to normal. You know,
we had that big boost post COVID and it's sort
of dropped massively and then it's sort of back to
normal trends. So what we're sort of seeing as a
somewhat elevated level of refinancing. I mean, and looking back
at Squirrels numbers, you know, two years ago it was

(17:08):
thirty per cent of their business was refinancing. It's thirty
five percent in the last six months. It's just extraordinary.
But it's one of those things if you're not on
the boat, you're missing.

Speaker 2 (17:17):
Out fair enough, and or investors in well, any and look.

Speaker 17 (17:21):
Anyone with a mortgage that has a has a you know,
most people on New Zelander fixed rates. Anyone in the
mortgage that's that's got a fixed rate maturing, and there's
about forty percent of the market is on a fixed
or floating rate that's going to mature in the next
six months. So the first things talked to your bank,
talk to your broker, and you know, it's generally we'd

(17:43):
estimate about a five hour process. And look, you can
typically get point eight to one percent cash back from
your bank if you switch banks, and that's really one
of the drivers here. So let's say you've got a
half million dollar mortgage. Percents four thousand, it's going to
cost you fifteen hundred doll and legal fees and things
like that. So to enough thousand and five hours and

(18:04):
the broken is off is doing a lot of the
work for you. So five hundred bucks an hour, it's
not a bad return on investment day.

Speaker 8 (18:09):
Now.

Speaker 2 (18:10):
They're good numbers though. I know also the some activity
in the high debt to income people is that is
that a confidence thing or have they just been waiting
desperately for interest rates to come down They can lend
a bit more, borrow a bit more rather and then
they're in.

Speaker 17 (18:22):
Well that's predominantly first home buyers. A bit in the
investors space, but that's a pretty quiet part of the
market at the moment. So first home buyers typically you know,
high loan to value ratios to it, borrowing a lot
with a smaller deposit and more of their income is
going to it. So it's picking up a little bit.
It's nothing like it was three or four years ago

(18:43):
during the boom of COVID, but you know, first time
buyers are always active in the market. It's sort of
a bit of a goldilocks time for first home buys.
Interest rates have come down thanks for willing to lend.
Property prices are stable, if not sort of falling. You know,
you can pick and choose the right property, you don't
have to sort of make an offer on the first place.
So I've sort of call it a bit of a
Goldlock's time for first time buyers.

Speaker 2 (19:03):
Good stuff, David appreciated. David Cunningham out of Squirrel Mortgages
nineteen away from seven. On related matters, Massi University came
to the party yesterday. So what's happening is the interest
rates are going down, your wages are going up. And
know you're going to argue with me and say, no,
they're not, but they are. Anyway. The point is that
it's more affordable to buy a house. Affordability has improved
eight point seven percent three months to June, on top

(19:23):
of a nine point three percent first goorer improvement. So
for the first half of the year, houses are eighteen
percent more affordable, which is encouraging. All sixteen regions have
seen an improvement in affordability, more than thirty percent improvement
in places like North and Manuwitu and Marlborough. So She's
not all doom and gloom. Nineteen two.

Speaker 1 (19:45):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by newstalks EP.

Speaker 2 (19:52):
Morning, Mike, switching mortgages. We speak eighty six hundred to change,
three thousand to stay. So that's an easy choice. It's
a fair point. It does counteract Nicola's argument that there's
something stewey going on with the banks at the moment.
There is competition out there and there are deals to
be done, and David is right, you've got to work
for it. You've got to hunt for it. You got
to look for it. You're going to ask questions, put
a bit of pressure on, and the banks will in general,

(20:12):
not always, but in general accommodated.

Speaker 18 (20:14):
You're sixteen two international correspondence with ends and eye insurance.
Peace of mind for New Zealand business now.

Speaker 2 (20:20):
Stateside, Riginalald, morning to you, Good morning. Make we're random scenes.
The guy's there and watching this thing. He's an open
ground with a military rifle wandering into a building.

Speaker 14 (20:29):
That's right, a rare sign for New York City. You know,
we all know that gun violence in this country is
not rare. Still, there are some differences with this latest
deadly attack, with what four innocent people shot dead, including
an NYPD police officer and an NFL football staff, are
seriously worded. So this is the worst shooting attack in
Manhattan in some twenty five years. They have strict gun laws.

(20:50):
Their shooter, Shane Tomorrow, drove all away from Las Vegas,
where he's been living, to Park Avenue high Rise, where
he opened fire with an assault weapon and killed himself.
Police found a note in his pocket, but asking that
his brain be studied. As for the victims, the first
man he murdered was a thirty six year old officer
working as an off duty security guard. That officer was
from Bangladesh, initially married here with a couple of children,

(21:13):
his wife pregnant with their third. The shooter then opened fire,
killing two others, and he went up to the thirty
third floor, where it seems he was trying to get
to the NFL's headquarters, the National Football League. New York's governor.
New York's Mayor, Eric Adams says.

Speaker 19 (21:29):
He took the wrong elevator bank up to the NFL headquarters.
In stead, it took him to Routent Management and that
is where he carried out additional shooterings.

Speaker 13 (21:42):
Well.

Speaker 14 (21:43):
Others in the building fled in panic or they hid
as best they could.

Speaker 5 (21:47):
We just heard noises and then we all just were
in a closet from the billions.

Speaker 14 (21:51):
I give your running slaughter on Park Avenue, says one
headline as to what led to this. The shooter's three
page note asks that his brain be studied, and it
mentioned's ct chronic traumatic encephilopathy. The shooter player high school football,
which has been linked to impulsive and violent behavior, depression,

(22:11):
and suicidal thoughts.

Speaker 2 (22:13):
For those who have CTA.

Speaker 14 (22:14):
You know something that can only be diagnosed after death
when pathologists are abldoom cut into the brain. In recent years,
a growing number of former pro footballers have allowed such
brain studies following their deaths. One study found that ninety
nine percent of one hundred and eleven deceeised former NFL
players had ct A more recent study found CTE in
three hundred and forty five of three hundred and seventy six,

(22:37):
so ninety one point seven percent of those former NFL
players study. A survey found that one in three former
NFL players believe they have CTE. That survey was done
by Harvard. CTE also has been found in footballers who
were as young as seventeen. The shooters note accused of
the NFL of concealing the dangers of the game. In

(22:57):
twenty thirteen, the league and players agreed to where seven
hundred and sixty five million dollar US settlement, agreeing to
pay for victims medical exams and continuing research to study
this issue of head trauma. Part of the settlement allowed
the lead to admit no wrongdoing.

Speaker 2 (23:14):
Right. So Trump still in Scotland. He talked tough yesterday.
So where are we at with Garza? What's he doing?

Speaker 6 (23:19):
Well?

Speaker 14 (23:19):
He didn't, He didn't. A little more food. Aid is
starting to get into Gaza as the world is focusing
on this against the backdrop of those dire reports by
AID agencies about increasing starvation. There have been some air
drops and a few more AID trucks getting in. But
yeh England, they form a un rep says that's not enough.
Far from enough food.

Speaker 1 (23:38):
He says, one air.

Speaker 2 (23:38):
Drop that's twenty five tons, that's two trucks.

Speaker 20 (23:42):
We need six.

Speaker 2 (23:43):
Hundred trucks per day. I mean, would you feed the
Tel Aviv with what one air drop or two or three?

Speaker 20 (23:52):
You would have to have hundreds of trucks going in.

Speaker 13 (23:55):
Well.

Speaker 14 (23:56):
Since April, some twenty thousand children report today says have
been treated for chronic malnutrition. Three thousand of these was
said to be experiencing severe conditions. This led President Trump,
who was wrapping up that Scotland visitors, you say to
offer more, USA are going.

Speaker 21 (24:12):
To set up food centers, and we're going to do
it in conjunction with some very good people.

Speaker 18 (24:18):
Well you know.

Speaker 14 (24:18):
He said this after Britain's PM Kirs Starman. He said
there was revulsion over the increasing loss of life. So
his rhetoric was much tougher than Trump's. Israel's Nettanno, who
was claiming there is no Israeli policy to limit food
and they blame him mask totally for any food crisis.
But Trump split with netno Who on this.

Speaker 21 (24:35):
That's real starvation stuff. I see it, and you can't
fake that.

Speaker 14 (24:40):
Still, my lingering question is how long does a starving
kid continue to starve while new systems are being set up?

Speaker 2 (24:46):
Thank you, mate, We'll see you Friday. Richard donld State's
side just before we leave that part of the world exports.
The Observatory of Economic Complexity, which is quite a cool name. Anyway,
they've worked out the China exports to the States twenty
seven is going to or will decline by half a
trillion dollars US traded. China's forecast to drop by one
hundred billion, and who's the beneficiary of all that extra

(25:09):
trade that China is going to need to do something
with Russia? Oh the irony. Meantime, Trump's had trouble in
his deminimus thing, the deminimus being the small stuff you
bring in via the net. You know, you buy it
in team and it's less than eight hundred bucks. You
get it in for nothing. Anyway, he wanted to end
all that. They've gone to court, and the courts ruled
against him, so that remained stuck legally for now. Ten

(25:31):
away from seven.

Speaker 1 (25:33):
A make Hosking breakfast with a Vita Retirement Communities News togsad.

Speaker 2 (25:37):
Be Pribson to me morning, Mike, read your bank and
your loose comments about hustling for a bit of deal
at a bank belies the effort in time that entails.
A far better solution is to use far less eft
and find a good breaker. Well, of course you can.
I would have thought that's obvious. My main point being
there are deals to be done at banks. There is
competition in the banking sector, and it goes against a
lot of what Nicola will is. The Finance Minister would
argue that the banks are all a massive, big stitch

(26:00):
up and world being screwed. Speaking of money, Kiwi Bank
the State of Savings Index good news. Young people are
showing real savings discipline, financial confidence is on the rise,
Larger businesses moving beyond survival mode. That's growing optimism. There
you go the risk of persistently high inflation gone just
under half saving outside of key We Saber. Half of

(26:21):
us are saving outside Key Saber, which is encouraging. There's
also a lot of people that's been in the news,
a lot of people dipping into key We savers. So
you've got this two step economy. There are lots of
people who are busy saving, busy getting on with life,
busy doing you know, relatively okay all things considered. And
then you've got a lot of people still struggling. They're
seeing improvement in the economy. It's been driven by yet
again the South Island agriculture tourism. Just over half the

(26:44):
businesses surveyed are financially stronger than a year ago. That's
good warning signs. There's a confidence gap though, between the
bigger organizations and the smaller ones. The bigger ones seem
to be doing better, feeling more resilient. The smaller ones
are still struggling. So there's a lot of work there
are still to be done. As far as the government's
concerned in money. David Seymore's onto it will I ask

(27:06):
him about Brooklyn Velden what an interest hill defender. I
know what he's going to say before I ask. But
Brookvanvelden yesterday on the farm Eggs looked completely bewildered. Yet again,
she looked bewildered on scaffolding when she announced a review
of scaffolding. And then she came out yesterday and we
featured on the program. We talked about all the jobs
on it turns out the jobs on the farm for
young people. The advice came to her from Envy. First

(27:29):
of all, first lesson, never trust a government department. Don't
go to a government department and go can you think
of some jobs that young people do on a farm?
I mean it sort of makes it look like she's
never been on a farm in her life. And you
could drive past a farm and I say, brook there's
a farm. See what it all looks like. And when
they asked about the X never been to a farm.

Speaker 8 (27:46):
Did nobody has she just got resting bewildered face is it.

Speaker 2 (27:50):
Could have them five minutes away from seven in all
the ouse.

Speaker 1 (27:55):
It's the fizz with business favor take your business productivity
to the next.

Speaker 2 (28:00):
I'll stop at Michael more good news. This is from
the IMF. This is global growth. Start of the year.
They predicted three point three percent global growth both of
this year and next. Then April came Trump announced at
Tariffs Liberation Day forecast got revised two point eight this year,
three percent next year. Now they're saying three percent this
year and three point one percent next year, so they're

(28:22):
in the middle. They've gone back up a little bit,
almost as though they've havn't got a clue what's going on.
Still well down on a three point seven average globally
pre pandemic. Of courseman, we've forgotten about those days. Their
report also said there's been a big increase in front loading.
Knows no kidding. Business is importing a lot of stock
to get ahead of the new import taxes. So if
there has no ways raiss you noticed this yesterday. Finally

(28:44):
a media outlet in Australia picked it up. I raised
it on this program yesterday. No one ran with it yesterday.
Trump yesterday says for the rest of the world, we're
going minimum fifteen twenty percent. Why has no one raised
this with anybody? We're on ten and were Apparently we
can live with ten. Apparently that's okay. We just don't
want to be worse off than anyone else. We'll hold

(29:05):
on fifteen to twenty is worse off than other people
if it ends up at twenty. Indonesia's got nineteen, Philippines
has got nineteen, the UK's got fifteen. We're materially worse off.
Why is no one in the media raises that because
the atmospheric river. They're so fascinated with the atmospheric river
yesterday it didn't turn out to be any of the
atmospheric or a river. They forgot to ask about the

(29:27):
twenty percent. Aren't we alarmed about the possibility of two
billion dollar hit to the economy? Actually, I last David
seymore about that, the Associate Financial Minister instead of Brook
van Belding. I have more on that piece, so threw
in the bin. What else can I say? Good news
for price rises if you consume price rises moderating. They
think four point. This is globally. Remember four point two
percent this year, two point six percent next year. Nurses

(29:52):
are on strike yet again? You sick of strikes or
is it just me? We'll talk more about this after
the news, which is next.

Speaker 1 (30:00):
Use opinion and everything in between. The Mike Hosking breakvent
with the land Rover Discovery never stop discovering news.

Speaker 2 (30:08):
Tog head be on seven past seven, another day, another strike.
This time the nurses have gone thirty sixy out four
twenty four hours. Paul galters the Nurses organization Bosony's with us,
good morning.

Speaker 20 (30:16):
Good morning mate.

Speaker 2 (30:17):
Do you get sick of strikes?

Speaker 20 (30:20):
Well, I'm saying this striking out of this issue. Really,
it's just gone on and on and let's just hope
we can finally get a sword of starfing. It's just
got to be dealt with.

Speaker 2 (30:30):
So is this staffing or is it pay?

Speaker 20 (30:34):
It's about staffing. The people are just absolutely fed up
at not being able to get enough staff on the
wards and this has just gone on for years and
I think it's just come.

Speaker 12 (30:44):
To a head.

Speaker 2 (30:45):
Explain it to people who don't follow this, But there
are graduates who are complaining that they don't have guaranteed jobs.
How can we have graduates that don't have guaranteed jobs
and you're telling me that we need more people.

Speaker 20 (30:57):
Well, that's exactly the point that is. You've captured it.
It comes down to funding and resourcing. They don't have
the funding to employ those graduates and they don't have
the funding to put enough staff.

Speaker 10 (31:11):
On the wards.

Speaker 2 (31:11):
Okay, the nurses, this is the Prime Minister's line. Nurses
seniors one hundred and twenty five thousand, commensurate with New
South Wales, which is way wealthier than us. Nurse is
doing okay at that end of the market anywhay.

Speaker 20 (31:23):
No, no, they're not. They wouldn't be going to Australia
if that was the case. The wages of course were
pumped up by the pay equity deal a couple of
years ago, but we've still got a major ressue and
basically the offer on the table was going to take
them backwards.

Speaker 2 (31:38):
So how big a gap money wise have we got
between what you want and what they're offering.

Speaker 20 (31:44):
Well, I don't think it's that big, but of course
you'd expect me to say that. We think it's a
matter of a few percent. We're arguing that at least
we should meet cost of living and at the moment
that doesn't go nearby?

Speaker 2 (32:01):
Okay, do I mean, what's your advice to people who
have got no money, which we don't. We have no money.
Love to pay nurses a fortune, but we have no money.
What do you do?

Speaker 20 (32:10):
Well, it comes back to what are the fundamentals that
need to be funded? And I think the health system
is an absolute fundamental in any society, particularly in New Zealand,
and it just hasn't received enough money to futtle. Were
a paired in front of a select committee last year
and they put a number on the table and they said,
this is how far fush, this is what we need,

(32:32):
and this is how far short we are to run
a good health system. And that GAP's never been made up.

Speaker 2 (32:37):
No, I get that, But where do you get your
money from? We have no money, less than no money.
Where would you get it from?

Speaker 20 (32:42):
Well, there is money where three hundred and sixty three
million I heard it's going to be saved and put
into the pockets of the tobacco industry.

Speaker 2 (32:50):
No, that's an offset from money they haven't paid. You'd
need people to smoke to pay the excise tax for
the government. To get the money. Do you want people
to keep smoking to get you the money.

Speaker 20 (33:02):
No, of course we don't because that just puts sets
of strain on the hospitals exactly.

Speaker 2 (33:05):
So that's there is no three sixty three. So where
do you get the money from.

Speaker 20 (33:10):
Well, the money has to be found and it goes to.

Speaker 2 (33:13):
Priority where help me out where a lot.

Speaker 20 (33:18):
Of the money has been spent on physical infrastructure, and
we're saying that some of that should be diverted into
the social infrastructure.

Speaker 2 (33:26):
So like, don't build a need in hospital, give it
to the nurses.

Speaker 20 (33:30):
No, we're talking about roads and things like that.

Speaker 2 (33:32):
Don't build roads, give it to the nurses.

Speaker 20 (33:35):
Well, the issue is you actulutely need nurses for a
safe health system, and we don't have a safe health system.
So it's pretty fundamentally these are matters of choices, political choices,
and governments of any color have to face this. And
we think a fundamental of any society like ours is
to have a safe and well funded health system.

Speaker 2 (33:55):
Appreciate time, Paul Gotter, who's with the nurses. It's eleven
minutes past seven. Looks like the business of gangs is
going with correct, ten thousand members so two years ago
it was two hundred and seventy. As of today it's
ten thousand and nine. Paul Basham's the Police Assistant Commissioner
and as with us, Paul Morning, Good Morning, Mark Mitchell
claims the increase is slowing. Is he right?

Speaker 10 (34:16):
Well, I think it comes at a time when we've
really never been better in the way that we're operating
out there against gain criminal behavior. Since the Gangseet came
into in November last year, we've laid nine thousand charges
against people that are validated on the gang list, and
two thousand of those charges have been for violence, was

(34:36):
executed nearly six hundred wants and taken over one hundred
firearms out of there scene. In our prosecution rate against
people that have validated on the gang list sits in
the mid nineties, So you know, we're out there all
the time having an impact on gain criminal behavior. Into
some extent, the gang list provides us with a sort

(34:57):
of point of intelligence about the operating environment and gives
us better accuracy, and ironically, the increase in the numbers
that we're seeing on the list kind of reflects that
we're out there more doing more policing against gang members,
and as a consequence of that, we're getting better intelligence
about them.

Speaker 2 (35:16):
I'm very glad. I'm very glad you said that, because
I wondered why we're obsessing about the numbers. Aren't we
more interested in what they're actually doing. I mean, if
they're ten thousand and nine of them playing twister with
their mates, that's fine. If they're committing crime, that's a problem.
You're telling us you're on top of the crime.

Speaker 10 (35:31):
Well, yeah, I'd respond in two ways to that. Our
staff wilsome and I don't think we've ever been better.
You know that there's been lots of reporting about the
work with undertaking against gans like the Common Seros. Last month,
we were operating against the Greasy Dogs and totong Are.
Two weeks ago we took out a chapter of the
Hell's Angels and Tongani and that's pretty significant and pleasing terms,
because they don't make that easy for us, and to

(35:53):
take out the Hell's Angels from a law enforcement point
of view is significant and reflects the fact that our
were doing awesome work. As I talk to you now,
we've got hundreds of staff in Auckland terminating against an
organized crime. There's more information the less about that later today,
and god knows how many millions of dollars that we've

(36:14):
restrained in terms of our set restraint and seizure over
the last year and five years. And we're operating in
a way that the government and the community would want
us to be in the way that we're tackling organized
crime and gain criminal behavior. And I think the second
part of way up to that would be, you know,
we have the ambition for our communities to be safe
and feel safe, and I think the GAIN legislation that

(36:37):
dropped last year has had a significant impact out there
in terms of community feelings of safety, and the feedback
that we're getting is very positive in that regard. So
it's met the mark, if you like, openly whelming and
met the mark in terms of the government's and tension
and the way that we're able to execute it, and
we're getting really good feedback in terms of feelings of

(36:57):
community safety as a consequence. But it's also you know,
with the resource that came with it, it has given
us the opportunity to be more interactive in the way
that we are police thinking criminal behavior. And back to
the interest in the gang list, I think that kind
of reflects the fact that we're out there more and
therefore we've got accurate.

Speaker 2 (37:16):
And tell nicely said Paul. Appreciate your time very much,
Paul Basham, who's the police Assistant commissioner? You thinking what
I'm thinking. You've never heard a cop in your life
more eloquent. If he's good looking as well, he's the.

Speaker 20 (37:29):
I certainly like the number of the times you use
the word awesome.

Speaker 2 (37:32):
Exactly if he's good looking as well. Here's the New
Zealand Police Forces post a child Mike Mitchell be listening
to that. He will be in tears. Fourteen past seven.

Speaker 1 (37:42):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (37:47):
That'd be David Temore on of a oourt fifteen minutes meantime,
it's seventeen pasted. We finally got there with the netball
so TV and Z are going to wear thirty games
across twenty three weeks one year deal. They'll need some support.
Potential partners still being tapped up for a.

Speaker 11 (38:01):
Bit of dough.

Speaker 2 (38:02):
Jenny Wiley's the boss of Netball New Zealand And, is
with us. Good morning, good morning. Is this a fix
or a plaster?

Speaker 22 (38:09):
Well, I think what we're what we're doing with our
move to TVNZ is bringing netbel home and so actually
it's a return to what we've always known where kiwis
can access it on a really broader platform and it's
available across the country.

Speaker 2 (38:25):
There is no doubt that free too. Where does work
in the numbers terms? Is there any money there.

Speaker 11 (38:30):
All?

Speaker 22 (38:31):
We won't discuss commercial deals, but there is a change
in economics and Netball New Zealand is investing in this,
but we actually feel it's right in the direction we're heading.
The vision that we have that kiwis can see our game.

Speaker 2 (38:44):
Yeah, bit of people. Everyone wants to know. Is everyone
going to get a pay rise? Is the concern that
we're seeing around the game? Is that addressed or do
you still have work to do?

Speaker 22 (38:54):
We still have work to do. Netball New Zealant is
investing in this and it's it's a changing market. The
broadcast market is different traditional media and you know, right
spees have moved and there is more risk in the market.
But we're willing to step into that because we know
and we believe that the game has a future and yeah,

(39:16):
we're looking forward to how we can move into a
new and different revenue model.

Speaker 2 (39:21):
Can you explain? And this is not a criticism. I'm
just genuinely interested in knowing what's happened to netball that
you've got yourself in the situation. It's still an exciting game,
you still get the crowds, We're still seemingly interested. But
something's not working.

Speaker 12 (39:34):
What is it?

Speaker 22 (39:36):
Well? I think I think it's really key to know.
You know, the participation in netball is growing. The Ferns
have beaten Australia more often than any other team on
the world stage, and I think it's just symptomatic of
a changing media market. The very big sports are going
to get bigger and there will be less for everyone else.

(39:57):
And you know, we're sitting here as a female. We
can't be cross subsidized by a men's broadcast deal. We
don't have a really rich India or fiafer in the
background for us. So our reality is while we can
keep getting told the message to cut our cloth, this
is about kiwee's. If they want to see women's sport

(40:19):
and the athleticism that these athletes bring, they're going to
need to contribute in a different way.

Speaker 2 (40:24):
Appreciate your time, Jenny Wiley out of netball. There's a
bit of this, not surprisingly, Mike, that's what's so wrong
with this country. Pull sums up the whole latitude of
New Zealand being a welfare state. There's no cost of
living crisis anymore. That's crap. It's the dependency on the
state that's killing us.

Speaker 1 (40:37):
Seven The Mike Asking Breakfast Full Show podcast on iHeartRadio
powered by News Talks EB.

Speaker 2 (40:48):
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(41:32):
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savings every day. Seven eighty four. We are being urged
I note again to quote unquote break up with property.

(41:54):
We are urged this way once every few years. It's
a theme. It's based, not unreasonably really on the idea
that we could take money and make it work differently,
if not more productively, than it does in a house.

Speaker 21 (42:04):
Now.

Speaker 2 (42:04):
The latest iteration comes from a blow at Craig's Investment
who suggest if you put one hundred dollars into a
house in thirty years, it's worth about six hundred bucks.
But if you'd done it with shares they'd be worth
about eleven hundred dollars. Not just that, but the country
would be better off. Those dollars would have been out
and about. They would have been investing in staff, growing staff,
creating jobs, opening markets, making the world a better place.
They may well be true troublers. That's a long term view,

(42:25):
and most of us don't have long term views. The
view most of us have is what's happening to New
Zealand shares so far as here? Well, the answer is
they've gone backwards. Yes, today they're down one point four percent.
Mind you look at housing. It's hardly booming though, is it.
But if you want a glass half full, shares in
New Zealand in the last five years are up almost
ten percent. Houses most certainly are not up ten percent
in that same period. It may change with time. Now

(42:47):
this is the interesting part. It may change with time. See,
one of our children started buying shares while they're still
at university. They're of the generation that believes, also they're
never going to own a house, which isn't of course true.
They will, but they've also got a portfolio. But the
perception could be the key. If housing is perceived to
be unobtainable. What is obtainable, well, maybe shares, but credibility

(43:08):
is an issue also. I mean, shares can be blue chip,
can't they? Or they can be mean type stock if
you're following the Sydney Sweeney nonsense at the moment, you
can invest, or you can punt. Stock can be priced
to perfection, or it can be solid as a rock.
You can be an F and P healthcare when COVID arrived,
or you can be in their New Zealand when COVID arrived.
It requires a lot, whereas a house is a roof

(43:28):
and a shelter and a thing you can show you
mates and have a barbecue at. It's simple. Houses are
easy and they hardly ever lose money over time. To
get people to shift, especially when it comes to money,
the pitch has to be compelling. But in an uncertain,
crazy old world, which it is at the moment, is
a stock market really that compelling?

Speaker 13 (43:47):
Asking?

Speaker 2 (43:48):
Pretty disappointing, Mike with your grilling about where to find
the money. It's not his job to find the money. Well,
I'm pretty disappointed in your text. God's sake, Nay's job.
I read a very good piece and I'll come back
to it. Later they interviewed a guy who used to
be the head of the Danish public broadcasting system and
he quit and he started a group because he's worried

(44:10):
about the state of journalism in the world as well
he might be. And he said, part of the problem
with the journalism in the world is they're all negative,
and they all want to find problems, and they all
promote problems and misery and atmospheric rivers. And what they
want to do is provide some solutions. So it is
his job to come up with some solutions. And you'll
notice in the interview when I asked him a few
basic questions, like, you know, sure it's easy to ask

(44:31):
for more money. We can all ask for more money.
We don't have any money, statement of fact, we have
less than no money. Where would you like to get
the money from? And when push comes to shove, there
is no obvious answer. And that tobacco thing, which is
another to Mike, thank you for pointing out Chippy's lie
about the tobacco company earning three undred and fifty million
winter fact, it's an amount budgeted to offset the loss.
Chippy Leather doesn't understand it because he's economically illiterate. I'd

(44:55):
like to think that isn't true. If it isn't true
and he does understand it, he's playing you for a sucker.
He's treating you like an idiot because he keeps running
the line about handing money over to the tobacco companies
where no money has been handed over, and it requires
people to continue smoking to pay the tax. And if
you don't understand that, you should. And if we wanted

(45:17):
better political discourse in this country, he'd stopped playing stupid
games like that. David Seymour is but moments away on
the Mike Hosking Breakfast here at News Talk said.

Speaker 1 (45:30):
New Zealand's home for trusted news and views, the Mic
Hosking Breakfast with Bailey's real Estate altogether better across residential, commercial,
and rural news talks head been.

Speaker 2 (45:41):
Mike Starmer's virtue signaling around Israel providing a talking point.
Is it distracting from the new DRACONI in totalitarian dystopian
online security laws? No, I don't think so, but I
did mention at the start of the show it's an
odd tool under normal circumstances. Correct me if I'm wrong.
Macron was an example the other day you recognize the
Palestinian state, so called two state solution, because you want

(46:02):
to do it. It's a good thing, a right thing
to do. What Starmer seems to be now using it
as is a weapon as a negotiating tool. Unless you
do this, Israel, tell you what I'm gonna do. I'm
going to recognize Palestine. It's sort of like it's reverse logic.
It makes absolutely no sense. Meantime, on Air Force one
on his way back to Washington. You know, are you

(46:24):
rewarding a bass if you do that?

Speaker 21 (46:26):
And I don't think they should be rewarded, So I'm
not in that cap. To be honest, We'll let you
know where we are, but I am not in that
kit because if you do that, you really are rewarding
a mass.

Speaker 2 (46:40):
Music politics wisdoy Mark Metell, Juny Anderson. After eight twenty
two minutes away from weight Well, the hunts on for
savings for next year's budget. Already, savings this time round
amounted to four point eight billion. You might remember a
lot of it came from the pay equity changes, of course,
So what's left behind the couch, so to speak. David
Seamore's the Associate of Finance minister, he's on this and

(47:02):
he's with us. Good morning, Good morning. May now the public,
how much of this is the future of your government
given next year's election year. How much is it about
cutting back, cutting back and cutting back versus growing something
and actually bringing some more in.

Speaker 8 (47:17):
Well that there's a difference between the private sector and
the government. The role of the government is to be
small and be efficient, to deliver the things that people
absolutely need in a really professional way, and leave a
larger and larger slice of the pie for the private
sector to reinvest and grow. So if you look at
where we've come from, the government started out with almost

(47:41):
thirty five percent of GDP being spent by the government.
Our goal over a four year forecast to get that
down to about thirty one. That may not sound like
a big change, but it's just a matter of every year,
every budget, looking behind the couch, finding things that are
happening in government that actually we have started stopping them,

(48:02):
and then putting that money into things that we actually need,
such as healthcare.

Speaker 2 (48:06):
Okay, so last year's well, this year's trick was four
point eight. A lot of it was the pay equity.
Is there another big money pile there? Or is this
we down to rats and mice.

Speaker 8 (48:16):
Well, people will call it rats and mice, but there's
an old saying, if you manage the pennies, the pounds
will look after themselves. And my goal in the extent
that I've been involved in budgets and I play a
small partnicle that says, can you go and find some
places to save money? And I say, yep, to settle up.
And we find that sometimes there's a program that actually
a lot of people didn't know about. It was spending

(48:38):
a lot of money. We find that there's an agency
that's growing exponentially over the last five or six years,
and no one's quite sure what it was that they
were doing. So you didn't call it rats and mice.
I call it just a constant drive for efficiency. That's
what everyone else has had to do and every farm,
every firm, every family for the last five or six
years of this inflation that is really ravaged the economy.

(49:01):
The government is now playing its part after it blew
out massively.

Speaker 2 (49:05):
I was, funnily enough, just during the news it suddenly
occurred to me, you know, Andrew Costra and the Social
Investment Agency occurred to me to ask the questions some people,
what's he done now, what he's done so far as
he's written some reports, what's the point of him? And
is that a waste of money?

Speaker 8 (49:20):
Well, I just look at something like, say the prison population.
It is right to lock people up if they're committing crimes,
because the first thing I want the government to do
is make it safe for me to walk to the
supermarket and not see people walking a trolley out. But
your strategy can't be to just keep on locking people
up for decades into the future until the prison population

(49:41):
starts to look American.

Speaker 6 (49:43):
So what do you do?

Speaker 8 (49:44):
You start asking, Well, you know, are there things we
could do that are smarter, mainly with younger people. School
attendance is something I'm involved and if you get a
kid to go to school, are far less likely to
end up in a prison later on. And that is
the thrust of Nikola Willis's Social Investment Agency. It's a
good insight in fairness to them, they've only been going
for a year and dealing with problems that pan out

(50:07):
over a citizen's lifetime. So look, I think people could say, oh,
well just cut it, just don't do it. On the
other hand, you know what is our strategy to make
this welfare state web inherited work because right now, I
think people around the world are disillusioned with government because
politicians for eighty years have been saying, look, you give
us a third, maybe half of your money, we will

(50:28):
make all the problems go away. Clearly that is not working,
and people are casting around the world for politicians who
make big promises but maybe don't have solutions either. So
I think it's critical that we do this kind of
long term thinking about, well, you know, if you can
do something that's going to get kids to stay in
school and make that more appealing, then maybe that means

(50:50):
you don't have to spend so much imprisoning them later on.

Speaker 2 (50:53):
Right, fair enough is the Trump's comments yesterday, By the way,
on the tariffs, the rest of the world I e.
US is going to end up somewhere between fifteen and
twenty percent, possibly twenty percent. Are there alarm bells in
the bee hive? Did anyone in government talk about this yesterday?
Is there a plan to deal with this? And we
are now materially not better off or no worse off
than the rest of the world. Is anybody awaken cognizant.

Speaker 8 (51:13):
To this, well, there's the old saying have the courage
to know that, or the wisdom to know the difference
between what you can change and what you can't. The
American government is elected the sovereign. They'll make their own
policies and we will deal with it. But if you
look at how we're dealing with it, we're opening up
all sorts of trade right across the world. We've got
Todd McClay working over in India. We've now got an

(51:36):
EU free trade agreement on board. If you look at
the last year, we've had an increase of a billion
dollars of trade going into the EU. There's also the UK.
We've also got Arab Emirates and the Gulf States, so
opening up new markets is a big part of the
solution there. There's also the simple facts that no matter
what the trading conditions are, the more innovative businesses you

(51:59):
have with more valuable stuff to sell, the more it's
a matter of people asking can they buy from us,
rather than us asking can we sell to them? And
when you travel up and down New Zealand visit some
of the businesses out there that are making new and
innovative stuff. That's our real future.

Speaker 2 (52:15):
Okay, So your answer basically as there's nothing we can
do about It's just the Prime Minister said, we don't
want to be materially worse off than anyone else. At
twenty percent we will.

Speaker 8 (52:22):
Be Well, he's absolutely right, we don't want to be
materially worse off than anyone else. But it's also true
that you know, we're the government of New Zealand. He's
our Prime minister. He's not in charge of US policy.
And so, yep, do we want to have a good deal.

Speaker 11 (52:38):
Yep.

Speaker 8 (52:39):
Do our diplomatic teams work hard to make sure that
the Americans understand where we are, but we're a good friend.

Speaker 13 (52:45):
Yep.

Speaker 8 (52:46):
We do all of that. But at the end of
the day, it's about opening up alternative markets and generating
a place where people can actually build successful businesses and
be welcome for it. An important time to just acknowledge,
Sir Michael hell I mean what an extraordinary guy starts
his business in sporties and actually manages to succeed in

(53:07):
Australia and Canada where so many New Zealand businesses have failed.
The more that we can be building businesses with that spirit,
the brighter our future as regardless of trade conditions.

Speaker 2 (53:17):
And a lovely bloke will appreciate your time. David Seymore
the Associate Finance Minister, Deputy Prime Minister and one of
the announcements the government has made actually works. I'll give
you the numbers in a moment.

Speaker 1 (53:27):
Sixteen to two The Mike Asking Breakers Full Show podcast
on iHeartRadio powered by News Talks.

Speaker 12 (53:34):
At b.

Speaker 2 (53:36):
Actually thirteen away from its speaking to Michael Hill. Last
time he was on the show was when he was
handing over the company to his daughter. Your happy man,
still very happy.

Speaker 23 (53:46):
I'm building a game boat at the moment.

Speaker 12 (53:47):
It's quite funny.

Speaker 23 (53:48):
Ready to go with my boat, BBS one. I must
take you fishing sometime.

Speaker 12 (53:52):
Yeah. We bought a mold on.

Speaker 23 (53:54):
Trade me of a forty two foot a beautiful hold
boat and it's gonna have some big motives on it.
It'll about forty eight not or something crazy, but with
a game to look like a Miami boat. And I'm
dying to do some fishing us in northern New Zealand
this summer, late summer.

Speaker 11 (54:12):
It'll be launched.

Speaker 20 (54:13):
So there's always there's always something on the good.

Speaker 2 (54:16):
He's a go get a Michael Hill wen't we liking
if you missed my story earlier, he was he was
inviting me to play golf all the time, and he's
inviting me on his boat all the time. Nitta Yahoo.
We'll talk more about him in the moment. Jim Boltz
a very good friend of his former Queenstown Miracles nitt Yah,
who's responded to Starmer this morning. This reward to mass
punishes its victims. A Jihada state on Israel's border today

(54:37):
will threaten Britain tomorrow. Appeasement towards Jeharda's terrorists always fails.
It will fail you to it will not happen now.
The thing that the government announced that worked was Paul
Goldsmith was on the program last week saying we're going
to clamp some cars if you owe money to the courts,
and sure enough, out over the weekend they did. We
have four hundred and fifty six million in fines, one
hundred and four million reparations outstanding, so well in excess

(55:00):
of half a billion dollars ode. So over the weekend,
forty eight hundred and fifty nine cars were scanned, two
hundred and eight outstanding fines. It's a lot of people
isn't it? Just out of the random selection of cars
you pulled over, two hundred and eight of them had
outstanding fines. A lot of people had plans. Thirty two
of them didn't plans to pay. Thirty two of them didn't.

(55:23):
Of the thirty two didn't that they pulled over, thirty
one paid in full. Just like, that's amazing. What happens
when you say, do you want to walk or would
you like to drive your car home?

Speaker 19 (55:31):
Oh?

Speaker 2 (55:31):
You can pay? Could they pay wayfare?

Speaker 11 (55:33):
Was there a.

Speaker 2 (55:34):
Tap and go?

Speaker 6 (55:34):
Mate?

Speaker 2 (55:35):
That's how it goes. It's tap and go. Did they
have to pay extra two and a half percent if
they did that? One didn't and had their vehicle seized
and towed. Eleven percent increase in fine payments paid online
on Monday. So there you go. It works.

Speaker 1 (55:48):
Tend to wait the mat Hosking Breakfast with the land
Rover Discovery News toksad B.

Speaker 2 (55:53):
You're seven away from eight. As we told you. Michael
Hill died yesterday eighty six. From that first store in
seventy nine to three hundred, today's changed retailing. Of course,
he reshaped advertising. He also made Central Otago a more
beautiful place, and Jim bold former Queenstown mayor, of course,
and a close friend is with us. Jim morning to you.

Speaker 13 (56:10):
Good morning, Mike.

Speaker 2 (56:11):
I thought Rob five said it. Well, he's a force
of nature. That's fair, isn't it.

Speaker 13 (56:15):
Yeah, that's very fair. He's a very unique person and
did enormously well in business. But he was a philanthropist
and a real vision who I mean, who else takes
a piece of land and turns it into a world
class golf course just.

Speaker 2 (56:32):
To do the timing for me when you arrived there
and your job and him reforming the place, because when
I originally met him, he was he had a little
Part three thing at his house before, but the hills
ever came along, So how did that work? Time wise?

Speaker 13 (56:45):
So look, he would have moved to Queenstown late eighties,
perhaps early nineties, certainly thirty five years or more ago.
I met him when he came to town and lived
not far from me. He and Christine built a nice
but moderate house on the piece of land they built.

(57:08):
He then came up with the idea of creating a
I think it was a couple of holes for golf
around his house, and that suddenly morphed into the hills,
which of course hosted the New Zealand Open and as
rated as one of the best golf courses around full style.

Speaker 2 (57:26):
I think that's probably sort of sums them up, doesn't it,
Because I mean, he didn't have to do that, and
then having done it, he could have done it to
a much lesser extent, and that was sort of him,
wasn't it. It was he began to do it and do
it properly.

Speaker 13 (57:37):
Oh, absolutely he was. You know. I think he's on
record as saying, yeah, money is important, but he also
liked doing things. He was one of those people who
were never satisfied and they said, actually achieved something. You know.
Take also the Michael Hill violin competition. Not too many
people go and start something like that, which launched the

(58:00):
careers of many talented musicians.

Speaker 2 (58:04):
Do you reckon he represents an age? Somebody texted me
earlier and I thought it was interesting. Bob Jones has
passed on and now Michael Hill colin gill trap last year.
Does he represent an age in a time? Do you think?

Speaker 13 (58:15):
Well? Maybe that's right, Mike. Maybe the great age of
the entrepreneurs, the people who went out and did things
before we all maybe got a bit restricted by some
of the rules that we live with today. But it
takes quite quite a mind to do the sorts of
thing those people that you've mentioned do, and you know, look,

(58:37):
I hope more of them come along. But Michael was,
as I said before, truly unique, talented, violent.

Speaker 2 (58:46):
Yes he was, Yeah, very much. So listen, I know
you're on holiday, and I know you're in Asia, and
I know it's at the very early hours of the morning,
but I do appreciate you getting up early for us
very much. Indeed, go well with it, nice and Jim
former Queenstown. He also, of course, the Michael Hill success
story was if He always explained that you set the
stores up the same and you gravitate towards the center,

(59:07):
and that's the way the countess are shaped and how
they look, and so how you feel when you walk
into the store. All that sort of thing was his thinking.
And that's before you get to the advertising, of course,
which she he was particularly famous for. Great bloke Michael Hill.
As an opposition police minister, Mike, why isn't the Ginny
Anderson questions in the house, he usually aimed at other ministers,
Terry not an unfair question. She is a police spokesperson,

(59:30):
but she's also job of an income spokesperson, and she's
also treating negotiations spokesperson, so she has other responsibilities. Yesterday
she was going at Bishop, which was interesting because the
week before she was going at Bishop and it didn't
go so well last week, But yesterday I thought it
went a lot better. And my ego said, I wonder
if my advice on the program had got through to

(59:51):
her and she changed her question line. I might put
that to her in a couple of moments when she
joins Mark for Politics Wednesday. Hereck needs to talk sever.

Speaker 1 (01:00:00):
Setting the agenda and talking the big issues, the Mike HARKing,
Breakfast with al Vida, Retirement, Communities, Life Your Way, News, Togs,
Dead b He stuck.

Speaker 5 (01:00:11):
On the Mountain, nor Buddy Around does the valley below
you can't get down?

Speaker 2 (01:00:18):
All right? We got the Wood Brothers, which is ermis
nymer because they're not all brothers. There are three of them.
If there were two of them, I thought there were
two of them, but they're not. There are three of
them and one of them is not a brother. This
is trademark Carefree, Fun, Love and Attitude. On the ninth album,
which is called of smoke. So you've got Oliver. Oliver

(01:00:38):
plays the guitar and does most of the singing. Then
you got Chris who plays bass and occasionally harmonica. But
then you got Janno Janno Janno Rix. Now he plays
the drums and keyboard simultaneously. And now there's it's a

(01:00:59):
party trick. They got eleven tracks and then total comes
to forty one minutes and forty five seconds of the
Wood Brothers. It was a minutes past example politics Wednesday,
Mark Mitchell, Ginny Anderson. But this morning to both of you.

Speaker 16 (01:01:16):
Good morning, Mike, morning Mike, Good morning Mark.

Speaker 2 (01:01:20):
Now Paul Basha and Mark.

Speaker 6 (01:01:23):
Yes, I did have a tear by.

Speaker 2 (01:01:25):
I mean, for goodness sake, the guy that you know,
cops are famous for being basically in articulate, and this
guy comes on. I thought he was going to break
into a karaoke song or something. Where'd you get him from?

Speaker 7 (01:01:38):
Well, he's he's the guy that headed up the gang
legislation to make sure that it was implemented properly, that the
police were aware of what they could and couldn't do,
and it was a smooth scene was sort of rollout.
So he's very aware of the outstanding work that our
police officers are doing in the gang space and hammering
the gangs, and so it was easy for him to
sort of obviously come on on your show and talk

(01:01:59):
about Yeah.

Speaker 2 (01:02:00):
But it's one thing to think something, but it's another
thing to articulate it. And I've just never heard a
cop that's that eloquence. So congratulations on wherever you found
him or did you find him, Ginny, is he one
of your selections?

Speaker 16 (01:02:11):
I think he was Mark from I think he was
district commander and down South is that right?

Speaker 6 (01:02:15):
Yeah, he was, he was down there.

Speaker 16 (01:02:16):
Yeah, I met him when he was down South. Yes,
So he was just a commander of Southland and did
really good work on the resilience to organize crime. So
I went down there when I was minister and they
gave us a good look around that project. And yeah,
he's a he's a good guy.

Speaker 2 (01:02:29):
Good now, Jenny, very very tempted to sing the praises
the work that they were outstanding police officers doing, Mike,
but I know that I'll run run the time down
he did it for you, Jenny. You your question line
yesterday to Chris Bushop, did you feel better about that?

Speaker 16 (01:02:46):
I took your advice hopefully. Did you think it worked
a bit better?

Speaker 2 (01:02:49):
No, there's no there's no If you did, thank you,
But there's no question it worked better yesterday you worked
him harder. He was working hard and he was working
harder than he was the week before. That's fair, isn't it.

Speaker 16 (01:03:01):
Yeah? I think so. I think it did go better.

Speaker 2 (01:03:03):
Yeah, who comes up with the Labor Party this question line?
Does the Prime Minister agree with Brian Smith who says
the country sucks? If not, why not? Who comes up
with that?

Speaker 16 (01:03:16):
Or just are a range of people comes up with
different ways of putting things. And I think the trick
is as that's really hard to get a minister to
give a straight answer. So when you sort of get
frustrated with that, you just put them other people's used
ministers to see their reaction to you know, average keywis
are not happy with something, so you put that to them.

Speaker 2 (01:03:34):
No, see what you did yesterday was short and it
was sharp and pinned them And so that I thought
worked well for you. Not that you know, Chris will
think you know my advice both of you.

Speaker 7 (01:03:48):
Yeah, so yeah, think you might think you have to
come back, you have to use you as my consultant
now as well.

Speaker 2 (01:03:55):
But have you as a man of the world. Mark
running to Brook lately, who seems to have never been
to a farm in her life and AND's scared of eggs?
What's going on?

Speaker 13 (01:04:07):
There?

Speaker 7 (01:04:09):
Was someone that has always said that, you know, one
of the jobs that I enjoyed most was I went
farming where I left school as a shepherd, and I
just always found that our farmers, rural people are so practical.
They're still packed full of that Qwi cobbin sense a
numberak wi mentality.

Speaker 2 (01:04:30):
Brook Brook looked. Brooklock looked awfully urban yesterday when she
was busy and having no idea about egg collecting and
stuff like that, is are you guy? Do you talk
about that in cabinet? Like I know you can't talk
about what covers in cabinet, But apart from that, is
that the sort of idea that comes up in cabinet?
And Brook goes, I tell you, what, have you seen
the egg situation? I'm going to do something.

Speaker 6 (01:04:50):
No picking up, didn't can't keep it.

Speaker 7 (01:04:53):
But look, I just want to say that, Look I'm
not that's her portfolio, that's who I just wanted to
say that she is doing some outstanding work, and she
is doing she's tackling difficult issues that the previous government
we're afraid of. So she's actually did some really good work.

Speaker 2 (01:05:07):
To be fair, Jinny, you never tackled eggs, did you.

Speaker 16 (01:05:10):
I didn't tackle an egg. I'd be worried. She's got
that lovely pink coat on. I'd be afraid that she's
worried in that predict.

Speaker 2 (01:05:16):
I can't.

Speaker 16 (01:05:16):
I don't. I can't visualize book on a farm, Okay?

Speaker 18 (01:05:19):
Can?

Speaker 2 (01:05:20):
I gave the numbers out Ginny earlier on about the
clamping over the weekend and the court find stuff. It works.
So when you see something like that at work. They
pulled up a bunch of people. Most of them paid
on the spot. One didn't. They got their front the
car clamped, and the rest have got payment plans. You
keep that, don't you. That's a good idea.

Speaker 16 (01:05:38):
It seems like it's working well as long as it's
not taking away from frontline jods. That's my only concern.
If they can do it without costing police extra resource
to enforce, then and if it's getting fined back, then
it seems to be working well.

Speaker 2 (01:05:52):
Okay, what a bit playwave surcharges.

Speaker 6 (01:05:54):
Are you going to support that.

Speaker 16 (01:05:56):
Well, it depends on benefits from that. It's a good
idea in general, but it's a bit of a concern.
A lot of small business is my way, are worried
that it will just end up costing them more and
then they'll pass it on to consumers. A good idea
in general.

Speaker 2 (01:06:09):
Why didn't you claim down on the banks? Mark?

Speaker 16 (01:06:13):
Yeah, the banks?

Speaker 7 (01:06:14):
Well, this I mean, at the end of the day,
this is this is clemping down the banks in terms
of sitting well, Visa and master Card they both regulated.
That's where we're starting, and I think it's extremely positive.
It's going to provide complete transparency for consumers that the checkout.

Speaker 2 (01:06:32):
So yeah, so I got to say labored to I
got to say you you would know this mark from
the Rodney district. Do you go to the country, Most
places don't have payway, never have Yes, you mean in
rural yeah, and rural areas they just you've got to
stick out on the machine.

Speaker 7 (01:06:48):
Well it's some do, but yes, it's not urban definitely,
without a doubt.

Speaker 6 (01:06:52):
You've you've far more likely to have access to playway.

Speaker 2 (01:06:55):
Exactly, all right, Brie break more in a Moment, Jinny
and Mark, thirteen past the.

Speaker 1 (01:06:58):
Mike Husking Breakfast Full Show podcast on iHeartRadio powered by News.

Speaker 2 (01:07:03):
Talks B new Talks sixteen past Day Mark Mitchell, Ginny
Anderson Mark the voting changes, of which there appears to
be an element of angst about disenfranchising people and all
that sort of stuff. I'm not as interested in that
as I am in our inability to actually provide the service.
So in other words, why can't we turn up on
the day and register because they can't cope? Why can't

(01:07:24):
we cope? What's the matter with us?

Speaker 7 (01:07:27):
Well, I mean that's that is an operational question for
the Electric Commission. But fundamentally, I think that the approach
that we've taken is quite simply that if you are
serious about voting, if you take your vote seriously, then
it's all It requires a little bit of effort to
get yourself organized and get yourself out there registered before
voting day, because on rit day it's if you have
a whole surge of people coming in. To think about it,

(01:07:50):
in any business, they're going to be overwhelmed. So unless
we have a huge cost and trying to meet that,
then it's then delays the results on the election, and
we've got Keiwi sitting around for a gunment to before.

Speaker 2 (01:08:01):
I follow the logic, Genny. I mean, I know you're something,
you're making some noise about it and stuff, but I mean, honestly,
you've got three years. You know, you've got three years.
I mean, if you can't get yourself organized, do you,
I mean, you probably don't deserve to vote, don't you mean?
How hard is it?

Speaker 16 (01:08:14):
Well, it's not just the enrolling and voting on the days,
it's the whole period of early voting. So they sort
of went an extra step further. So if someone turns
eighteen in that period, if they've shifted house anywhere around
that time, it's largely going to mean they won't vote.
So you know, we reckon. It's about one hundred thousand
just on election day last time, but there'll be a

(01:08:37):
huge greater number over that two week period where for
age or for moving or range of other reasons they're
not on. They're not. So what I think happens is
that if you've moved house in the last few days
and you turn up and hus south to vote, but
you're actually registered out in Cuppody or mana you'll be
able to get your party vote. You can that, but

(01:09:00):
you won't be able to drink for local.

Speaker 7 (01:09:03):
It's something as simple as called personal responsibility, and the
state cannot organized if all of your personal affairs. So
get organized. If you value the vote, and we should
value the vote because this country has has bled a
lot of blood to have that vote, then get yourself organized,
get yourself registered, make the system run smoother and faster,

(01:09:25):
allow the results to be delivered for kiwis earlier.

Speaker 2 (01:09:28):
Would you find agree with that?

Speaker 16 (01:09:29):
I agree with that. I agree with that, but that
when you're relying on New Zealand post and the postal
system to the other thing that which is absolutely you know, antiquated,
it doesn't work properly. There are real issues with people
getting their papers on time and getting them to the
right house. I mean, I think that there's a certain
obligation for the government to make it easy as possible

(01:09:49):
for people to participate in democracy and to be able,
but it does I'd like to punish please, but it
does seem like this government is making it harder for people.

Speaker 2 (01:09:59):
To v But the reason we're a bit hopeing, and
that's sadly the truth and I think.

Speaker 7 (01:10:05):
Gilly's statement there about it's the government's job to make life.

Speaker 16 (01:10:08):
For everyone is enable people to vote.

Speaker 7 (01:10:12):
No, that's that's what you said. And I think that
my view on this, it's my own personal view, is
that when you start turning over responsibility to the government
for everything in your life society, don't put word.

Speaker 6 (01:10:26):
That and you're on a race to mediocrity.

Speaker 7 (01:10:29):
So you know, I don't agree with that at all,
and I think that, well, that puzzles me why there's
such a debate around this. If you want to use
your right to vote, which is a powerful thing, everyone
should be engaged in that, do a little bit off it.

Speaker 6 (01:10:41):
Organize your life. You're organized.

Speaker 16 (01:10:42):
And when Judith Colin sounds you alarm, you know something wrong?

Speaker 2 (01:10:46):
Well yeah, but now hold on Jenny to be fair,
and we had her on on this. She did it
because of the she was being a lawyer about it
was because of the precedent that's been said. She was
giving giving a legal opinion on the law as opposed
to be in National Party MP. Would you flip it though?
Would you flip it?

Speaker 16 (01:11:04):
I'm not going to make decisions like that, but in
the past we have always made it trying to facilitate
increased participation in democracy. We always support that and we've
stood strong. So yes, we made the last time voting
not only in the early voting phase but also on
election day to make sure everyone who wants to can vote,

(01:11:25):
not setting up obstacles to prove.

Speaker 7 (01:11:26):
It, which to me is exactly what I'm talking about, Mike,
because what keeps happening in the government, keeps making concession
up to concession, what ends up happening. Ginny Ensen takes
the ballot papers around the people's houses, goes and there's
a couple of tea with them and get them to vote.

Speaker 6 (01:11:39):
I mean, that's where you're going.

Speaker 7 (01:11:41):
Let's put a line on the sad and say, if
you genuinely care about your country and you want to
use your vote because governance is important, put a little
bit of effort into it.

Speaker 2 (01:11:49):
Get yourself self enrolled. Yeah, it's nice to see you both,
Mark Mitchell, Ginny Anderson. Back next Wednesday, eight twenty.

Speaker 1 (01:11:54):
Two, The make Casking Breakfast with Bailey's Real Estate News
Dogs there be.

Speaker 2 (01:12:00):
Can you believe it's thirty five years? For thirty five years?
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you don't know about it, that's a game changer because
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it's built for real life. Starts from one forty eight
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the fabulous disco never stop discovering. Visit your local Landrover
dealer for your Disco today. I agree more with Mark
reinrolling to vote, Mike, how much thought has someone put
into their voter They can't be organized enough to register

(01:13:06):
two weeks before the election, Mike, can you ask why
we don't have ID to vote? So much fraud? I
don't know if it's fraud necessarily, but it's a very
old fashioned gerrymanded highlight a pen cardboard set up just
so weird. Mike, would labor on the Greens be as
lenient with people being late to pay taxes as they
are with them and rolling to vote, well, yes they would.

(01:13:27):
Have you seen the COVID money that still owed and
they've only just started chasing down, Mike, if you are
registered to vote, surely, even if you move, it must
be more simple to vote rather than turning up on
the day to register. I don't know. I register, you
know sometime in the one thousandsh days you've got between elections,
and it's never been an issue in is it? Ex
futures by the way, yesterday, very bullish news on farming.

(01:13:49):
They're still pricing they think it about it's early, too
early to nail it, but they still think it's a
ten dollar per cage.

Speaker 13 (01:13:57):
Milk.

Speaker 2 (01:13:57):
Solid season coming up, domestic production is going to boom
in August, end of the season, September, peak in October,
and then they're going to run through to January. As
far as production and sales and all that sort of stuff.
Fontira midpoint for the current twenty sixth season is it
ten currently Now, if that pans out, dairy's contribution to

(01:14:20):
the economy would increase by about ten billion dollars over
two years. Ten billion dollars over two years. Now, the
debt side of it worries me because at that level,
quote unquote, a lot of dairy farmers, if not all,
will be making a profit. So if you're earning ten

(01:14:42):
a kg and you're still not making a profit, what
the hell's going on? Next week? Next dairy auction? And
so we'll look forward to that with a great deal
of interest. Speaking of looking forward to stuff, Steve Price
out of Australia here is but moments away after the News,
which is next on the my Co Hosking Breakfast.

Speaker 1 (01:15:00):
The Breakfast Show Kiwi's Trust to Stay in the Know,
The Mike Hosking Breakfast with the land Rover Discovery Never
Stop Discovering News.

Speaker 2 (01:15:08):
Togsa'd be Mike in the news. The government is allowing
power provider Lines Company to put up their prices to
recover their losses. Why do they not have to make
up their losses like a normal commercial entity. I think
you might They may have written the story poorly, or
you may have interpreted the story wrong. Transpower has been
allowed and it was the Commis Commission that allowed them.
Transpower are, of course the Lion's Company. The Lions Company

(01:15:30):
are a monopoly. They can't just go around saying we're
putting our prices up because we feel like it. There arguments,
and they went in front of the Commerce Commission and
they said, look, we need to spend a lot of
money on infrastructure and future proofing ourselves and renewables and
all that stuff we've talked about a million times before.
How much more can we charge to recoup what we're
spending on the improving of our infrastructure around the country.

(01:15:53):
The Commerce Commission gave them a number, and it's that
number that they are then passing on to the rest
of us to pay for new power lines, et cetera.
Twenty three minutes away.

Speaker 18 (01:16:00):
From nine International correspondence with ends and Eye Insurance, Peace
of mind for New Zealand business.

Speaker 2 (01:16:07):
Tesn't steed flight. Very good morning to you and to
you now this renewable energy construction collapse, now, what's going
on here?

Speaker 12 (01:16:15):
Well, we all need, we are told by our government
to get to eighty two percent renewable target of renewable
power very quickly. The first half of this year. Sadly,
according to a poll conducted by Rice add Energy or
a study by Rice add Energy in this country, a
construction of new wind farms absolutely collapsed in the first

(01:16:39):
half of this year. Soaring costs is one of the reasons.
Protests of course of around offshore wind turbines has certainly
added to this with at least three big projects canceled,
and look, the whole ambition is now at some high risk.
You've even got a long time advisor to Labor Goverment,

(01:17:00):
Ross Garneault, who is a backer of renewable energy, saying
yesterday that the end of the decade goal that's twenty
thirty eighty five percent renewable was quote unachievable even with
an expanded investment scheme. So what Garnaut is pointing out
is the money simply not there. These big European companies
who are all very keen to get in on the

(01:17:22):
ground floor and invest in Australia and invest in renewable
energy here walking away at a million miles an hour.
They're afraid of the protest movements that have sprung up
around the country and they are significant, including on shore
when where farmers are not happy. And so the whole
process is now in a major hole.

Speaker 2 (01:17:41):
I was reading a report. I can't remember, I've got
the letters right, Csiro.

Speaker 12 (01:17:46):
Is that right, ses sirah?

Speaker 2 (01:17:49):
Yeah, yeah, So they came out with the report and
seed nuclears to expensive renewables are still the answer, but
they're saying basically the same thing that it's short, were
hopelessly short, and it's not going to transition. Then they
started talking about offshore wind and I thought that no
one seems to be getting to where they want to go.
If you're going for net zero, that'll be fair.

Speaker 12 (01:18:07):
The absolutely fair. And you know he even had a
un expert by called Simon Steal out here yesterday making
all sorts of wild predictions about what would happen if
we don't do more, and those predictions included things like
well down the track and this is those people who
talk about catastrophe really annoy average folk. He said, Look,

(01:18:28):
the consumption of fruit and vegetable will be a once
a year treat for Australians if you.

Speaker 20 (01:18:34):
Don't do more on global warming, I mean whatever.

Speaker 12 (01:18:36):
The bloke really should be run out of the country.

Speaker 2 (01:18:39):
Is there something dovetailing into that? I read yesterday? So
Hanson Pauline standing by, there's a schism in the coalition
that Lay's got to deal with. There's a group of
people there that aren't too keen on their net zero
pledge and Hanson goes, well, I'll mop up that vote,
thanks very much. Has Lay got real problems there or not?

Speaker 12 (01:18:58):
Yes, she has because the climent wars do no favors
at all for the Liberal Party and the National Party
are the ones that have broken away Barnaby Joyce and
for another former leader, Michael mckella. And so she's got
to try and sort that out because if Lee walks
away from net zero, which is what they've signed up to,

(01:19:20):
and they did it under Scott Morrison's Prime Minister, she's
got a real problem in her party. And clearly during
the election campaign people were voting knowing that the government,
the alban is He government in favor of Newable Energies
Harbor Bridge.

Speaker 2 (01:19:36):
I thought this had been sorted out. So there's a
big march. It's on Sunday and they're going to Palestine
yet again, so they're going to cross the bridge. I
thought they had been sorted and said no way.

Speaker 12 (01:19:45):
He said no way. They have a permit system in
New South Wales which is issued by the police. So
it then went to the Police Commissioner and the police
said yesterday were not issuing a permit view to march
on the Sydney Harbor Bridge on Sunday. But what the
org the pro Paler Sydney and organizers are now going
to do is challenge that in court or respond to

(01:20:06):
a police request of the courts to issue a no
march order. Now this is going to get very ugly
because I can see these people. What they will do
is they'll be told they can't do it, they'll try
and do it. They'll be a clash of police and
there will be global coverage because the Sydney Harbor Bridge
is as iconic as the Sydney Opera House. They're the
two most iconic images out of Australia. This will go

(01:20:28):
around the world and so this is exactly what the
organizers of the march want to have happened.

Speaker 2 (01:20:34):
Okay, the other thing I'm following with a great deal
of interest, and I think they're buying themselves too much
trouble here. So this under sixteen band on social media,
which isn't going to work, despite the fact many people think,
you know, I wish it would. But nevertheless, YouTube is
not social media. It's a video sharing platform. And that's
the whole argument, isn't it.

Speaker 12 (01:20:52):
Yes, it is, and they've been spending a lot of
money on advertising trying to make their case in the
last two weeks. It hasn't worked. Communications Minister Anika Well
will make an announcement in Canberra today that the government
was giving kids quote reprieve from the persuasive and pervasive
pull of social media while giving parents peace of mind.

(01:21:12):
We are adding YouTube to the age restriction laws, which
will take effect if this passes Parliament, and it's likely
to from December ten. So you've got TikTok, Instagram and
now you've got YouTube. Now, the argument in favor of
YouTube its educational value and it should be treated differently

(01:21:32):
to those other platforms. I agree with you, But the
government says no, we're going to do this. They say
there's no one perfect solution when it comes to keeping
young Australians safer online. But the social media minimum age
will make a positive difference.

Speaker 2 (01:21:46):
Okay, I'll believe that when I see it. By the way,
is there discussion yet on Trump who yesterday from Scotland
said rest of the world re tariffs, it's fifteen to
twenty percent. We could land on twenty, which is you
land on twenty, you will land on twenty. Is anybody
up in arms about this?

Speaker 12 (01:22:03):
No, not really. When we presume that it's going to
come to happen, and if you get twenty then I
think the feeling in Canberra is that you've gotten off
reasonably lightly. Now there may be some room for Australia
to negotiate because clearly what we do is we import
a lot more from America than what they export to us.
The beef deal has been done. There's some feeling in

(01:22:25):
the background by the Coalition that that deal over beef
imports to Australia, which has been sort of loosened up
to a degree, would mean that we might be treated differently.
It appears Donald Trump doesn't really have a great regard
for Australia, Anthony Albany is he can't still can't get
a meeting with him. He doesn't understand or he pretends

(01:22:46):
he doesn't understand UCAS and so I think we're just
on the back burner on the bookshelf and he doesn't care.

Speaker 2 (01:22:53):
Well, Mate'll see next week. Appreciated Steve Price out of Australia.
The other thing I was reading about this renewable thing
in Australia's very good point. Actually renters will miss out.
So the solar industry in Australia absolutely booming, but if
you're a renter, it doesn't necessarily boom at your place
because you're renting a house that may not have sold,
so you have no advantage. And then we've got the
installation of batteries and the rebates. That program is being

(01:23:15):
rolled out at the moment, so you've got this sort
of what they call the two stage transition to and
people who don't have garages as the other thing which
are offering renters can't charge their car. So would you
buy an electric car if you can't charge it at
your house? No, And you're renting a house with those
solar panels on the roof. Are you saving money?

Speaker 12 (01:23:33):
No?

Speaker 2 (01:23:33):
Are you part of the renewables revolution? No, So they're
trying to work out how to get around that. Eight
forty five.

Speaker 1 (01:23:40):
The High Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (01:23:45):
At be just announce news in New Zealand CEO has
been announcing Nikhil Or Rubbers Shunka, who I believe is
their tech guy, cheap digital officer wasn't far out, so
I congratulations to him. It's an internal appointment. We'll get
him on eventually. It's a very important job being the
CEO of the New Zealand Warness. Congratulations to him. I

(01:24:07):
don't know how long he's been with the airline. An
internal appointment makes it for interesting reading to the extent,
and I will ask him this because I don't want
to be negative about it, to the extent that how
global was the search and in searching globally, how many
people did they find that they thought could do the job,
that actually wanted to work for Air New Zealand and
the country late New Zealand. So we got lucky to agree,

(01:24:28):
depending on your view of Greg Forum that it was
an ex pat coming back to the country to do
some good work Luxe and was the same sort of thing,
I guess. But there's your new CEO by the way,
just before I leave the renewable thing. Very good piece
in the Herald yesterday about the Rahui solo farm. It's
just huge amounts. I just cannot get my head around

(01:24:51):
how big this renewables thing needs to be. So Terra
Hui is seven hundred and fifty million dollars. It's going
to be between Napier and Town Poe. Construction starts hopefully
later this year, if not early next year. It's on
a thousand hectares of farmland, a thousand, seven hundred thousand

(01:25:13):
solar panels. And they'll say something like, oh yeah, but
they're behind a hedge and that's fine, But that's a
hell of an impingement visually on the land, on the landscape,
isn't it. Currently Hawks Bay has got no commercial scale
solar farms. That's all about to change. They've got another
one that on the on the coming thirty five hectares.
Two more are proposed for on the on is going

(01:25:35):
to be the home of the solar and another one
next to Hawks Bay Airport Napier. But you know, on
oner at thirty five hectares is not a thousand hectares
and it's not seven hundred thousand solar panels. The next question,
I don't think the story covered it. How many homes
does that power? You know for that for that visual impact?
How much power do you get for how many homes

(01:25:57):
out of that nine away from nine.

Speaker 1 (01:25:59):
The cost Breakfast with a Vida Retirement Communities News togstadv.

Speaker 2 (01:26:04):
Mike, you get no power from seven hundred thousand panels
at seven pm on the twenty feth of June. But
that's why you have batteries stand for God's sake. For
eight years running, Milford Asset Management have taken out the
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(01:26:45):
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(01:27:08):
Asset dot com slash getting Dash Advice, Got it, Milford
Asset dot com slash getting Dash Advice, pasking. I might
have thought you to be all foresoul the power Murray,
I am, I mean, I am, and I'm not. I mean.
I'm for anything that works, and you can back up
and make interesting. And I worry about how they made.

(01:27:28):
I worry about what you do with them when they
run out of life. I worry about the cost of them.
I worried about the investment and investment out. In other words,
to take seven years plus to get your money back
if it's sitting on your house, or worry about the
cost of a battery, all of those sort of things.
This is all part of the new landscape, but I'm
not against them. Per Se five away from nine.

Speaker 1 (01:27:45):
Trending now with Chemist Warehouse great savings every day.

Speaker 2 (01:27:50):
If you're following this Genes campaign, this is Sydney Sweeney.
The thing's gone off. It's been going for a couple
of days now. Sidney Sweeney, you know the actress. There's
lots of versions of the aid, but in all versions
they have the phrase Sidney Sweeney has great jeans.

Speaker 7 (01:28:07):
I'm not here to tell you to buy American Eagle Chance,
and I definitely won't say that they're the most comfortable
chance I've.

Speaker 16 (01:28:14):
Ever worn, or that they make your butt look amazing.
Why do I need to do that.

Speaker 2 (01:28:23):
But if you said that you want to buy the jeans,
I'm not gonna stop you. But as the we're clear,
this is not me telling you to buy American Egle Chance.
Sidney's Sweeney has very keen You see what I did there, right? Satans?
You mentioned the word jeans. It sits off the nats
on social media.

Speaker 5 (01:28:41):
Oh my god, it's like it's like pure Nazi propaganda.

Speaker 14 (01:28:47):
It's in our genes, white jeans, that what you're trying
to think. White people look at her like she's just
skinny arian.

Speaker 11 (01:28:55):
They're they're trying.

Speaker 2 (01:28:56):
To get rid of people of color, people of different genders,
people of like everything.

Speaker 6 (01:29:04):
But wait, nothing people.

Speaker 2 (01:29:10):
So that's for the meme stock thing. It's like game
stock if you remember Game Stop a while back, and
this is sort of the same on the market, and
the whole thing is a reasonably good example of just
how mental the world is at the moment. So what's
more clever Sydney Swingey in that or Gwyneth Paltrow at

(01:29:32):
what a Biography or whatever the name of the company is.
That that's pretty clever. I'm favoring Gwyneth Persons book coming
in Where Were They? We're out of Here? Back tomorrow
morning on The Mic Hosking Breakfast from six as always
Happy Days.

Speaker 1 (01:29:58):
For more from the Mic Asking Breakfast, listen live to
News Talks at b from six am weekdays, or follow
the podcast on iHeartRadio.

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