Full Show Podcast: 30 May 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Your source of breaking news, challenging opinion and honored backs.
The Mike Hosking Breakfast with a Vita, Retirement Communities, Life
Your Way News, togs Head, Been.

Speaker 2 (00:11):
Body Welcome Today, Plain News. We have original Service boost
and we have on time data as to whether your
plane is on time. A new move to prosecute parents,
Ober Truancy. We've got new money coming with the King
on It. New insight in theo Perst home Buyers, Tim
and Katie Murray, Gold's Richard Arnold. There's some of the
A listers rocking up. Pasky right, let's get amongst it.
Friday morning, seven past six. I tell you what, I

(00:31):
cannot recommend a piece of reading in the Listener, and
it's been reproduced elsewhere on a longitudinal study that now
spans thirty five years and twelve elections. I cannot recommend
this enough. It is gripping. Couple of thousand people each
election are given dozens and dozens of questions. Now it's
weakness is some of those questions are a bit vague,
and they throw up the sort of responses around things

(00:52):
like healthcare and public services that you would expect. Turns out,
we like them. We want more of them, but I mean,
how much more? What if the money is wasted? We
don't get to know that sort of sting bit of
history for you. The long E government of nineteen eighty
four blew at big time. According to us, went way
too far, upset too many people. I remember it well.
We love strong leaders. We are more socially conservative than

(01:12):
you might think. The electoral system doesn't represent what we
actually want or like. Turns out, the majority of US,
and this has been applicable for years. We like the
death penalty, yet we've never had it. A couple of
highlights for me Labour's moves around Mari and introducing Treaty
of White Hangy Principles into some legislation. The majority of
US decades ago didn't want it. Now we don't have

(01:35):
the twenty twenty three results as yet, but I bet
you nothing's changed, which I would have thought would lead
you to ask, well, why hasn't it changed? Why hasn't
it been fixed? A bad idea allowed to fester and
cause on going angst and upset for decades? Why? Secondly,
there are signs of increasing They tell us dissatisfaction, concern,
and unhappiness. The authors say not like the nineties. Now,
I remember the nineties as well. It was Richardson and Shipley.

(01:57):
It was welfare reform, the mother of all budgets. It
was burning of effigies on the Parliament grounds. You can
see the edginess these days with similar discourse and protest.
But it is suggested political polarization has declined over the
past decade. Really do you believe that. I don't. I
don't think we've ever been more divided, never been more
stark in our views of the country, in the world,

(02:18):
social media distrust, fake news, polarizing views and stands. I've
got no idea how they've concluded that. But it's a
server and it's new Zealander is speaking. Read it and
see if you disagree. But on most stuff, and here's
the really interesting thing, on most stuff, we haven't changed.
For decades. We haven't changed. The times have changed, the
circumstances have changed, but broadly we don't. And I'm not

(02:39):
sure if that's good or.

Speaker 1 (02:40):
Bad news of the world in ninety second, Well.

Speaker 2 (02:44):
It's Washington where the Donald got the bad news from
the courts over tariffs. Turns out they werellegal. The appeals
already in and then the question I suppose as to
whether any of this legal noise makes any difference.

Speaker 3 (02:54):
I don't think that Trump will back out and basically
abandon his treate agenda because of the Court and what
he'd done. After that, he would go to an appeal,
he would go to Supreme Court, and in many cases
he will.

Speaker 2 (03:08):
Then though Gelon has left to head back to the dumpsters. Father,
this is car company where investors a quaking to see
and put in a good forty hours a week, and
this is.

Speaker 4 (03:15):
A dark chapters that ultimately must needed to end Insures
PASSA and now indeed the Trump White House roll it
removes a black cloud over Tasso's stock.

Speaker 2 (03:26):
Back on the hill, they beside committee is busy in
getting into the old Biden auto pien saga.

Speaker 5 (03:31):
More and more evidence is coming out from Jake Tapper
to other whistleblowers in the administration that some of these
unnamed bureaucrats in the White House were using the outopen
to sign Joe Biden's name on very important things like
pardons and like executive orders.

Speaker 2 (03:47):
Then to Britain, where it seems the PM has been
reading the polls and found out that reform is quite
popular que the barrage.

Speaker 6 (03:53):
He set out economic plants that contained billions upon billions
of completely unfunded spending, precisely the sort of irresponsible splurge
that sent your mortgage, cost your bills and the costs
a living through the route.

Speaker 2 (04:09):
When you're popular and they come after year, there's only
one way to play.

Speaker 7 (04:12):
Kiir Starmer is panicking because his awful government is now
trailing reform by staggering eight points in the latest Yugo poll.
We're always told by the two hour parties there's no
money left. But Nigel's the prime minister that changes and
the interest of the British people will come first.

Speaker 2 (04:27):
And a good diabetical aerospace. So they've got an electric
flying taxi today they had their first real world test flight.

Speaker 8 (04:33):
The cost per seat per kilometer is around two dollars,
which is equivalent to a black cab. It's equivalent to
an other black So if you look at the medium
to long term, absolutely this is mass transport.

Speaker 2 (04:44):
Now this was the first for Europe. You've got four
passengers on board. It's London to Heathrow in eight minutes
as opposed to fifty two minutes by the road. Got
to one hundred and fifty miles from now, so let's
use the world in future world in ninety Korea. They
went again yesterday twenty five points, another twenty five basis points,
two and a half percent there down to now that's
the fourth cut currently. And we also get news this
morning from the IMF that India is on the March.

(05:06):
Their GDP is due to reach this year four point
one eighty seven trillion, which would mean it surpasses Japan
to become the fourth largest economy in the world. Twelve
past six.

Speaker 1 (05:20):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (05:26):
Evy twenty six degrees this coming weekend in England and
Eastern Wales. Why am I telling you this?

Speaker 9 (05:34):
Well?

Speaker 2 (05:34):
Won the northern Southern's comers and northern summer's coming up
and a lot of people head to the northern part
of the world for summer. Anyway, it was officially announced
yesterday it was the sunniest spring in England ever. Fifteen
past six, Jay my Wealth.

Speaker 10 (05:50):
Andrew kellerher, good morning, Very good morning, Mike m.

Speaker 2 (05:55):
Twelve points down and so it wasn't in the Reserve
Bank announcement and we didn't all jump up and down
clearly did we And I'm assuming all the responses came
in before run Christian Mader's announcement. Yeah, yeah, a lot
lots going on there.

Speaker 11 (06:09):
This is hot on the heels of the rbnzre dropping
the official cash right to three and a quarter. Yesterday
we got the latest read on business outlook from A
and said, so this high frequency read on business sentiment,
and at the headline level, Mike, it does look quite
supportive of lower interest rate settings because confidence has fallen
in the made data.

Speaker 10 (06:29):
So yeah, at the headline, as you said, it's.

Speaker 11 (06:31):
Fallen twelve points to plus thirty seven, which is not
exactly buoyant, not exactly frothy. Aortland and Canterbury were higher
than that. They will go Auckland finally north of forty.
But Wellington, here we go plus eleven plus eleven.

Speaker 10 (06:46):
It's grim down there.

Speaker 11 (06:48):
Past own activity this is real, it's not forward looking,
and this is a good This is the best reflection
of GDP that fell from eleven to five. So plus
eleven to plus five, So the economic recovery is still
kind of hiding in the shadows, isn't it.

Speaker 10 (07:01):
And past employment also real that fell into negative territory
negative ten.

Speaker 11 (07:05):
So look, if we left it all at that, Mike,
you could be forgiven for sort of turning round and
going asking the Monetary Policy Committee for another twenty five
basis points please.

Speaker 10 (07:15):
But there's a butt here.

Speaker 11 (07:17):
And this is a repeat of what was at last month,
so significant divergence within the month. So it sort of
got materially better as the month progressed. So the response
has improved, global markets settled down, but it still leaves
you with the impression that if in fact the recovery
is there, it's still very modest.

Speaker 10 (07:34):
It's hard work.

Speaker 11 (07:35):
I actually spent last night with a whole bunch of
business people talking to them, and anecdotally they say, May
May felt like it went back into a little bit
of a hole. A and Z is still holding to
the view that the OCR will need to go to
two and.

Speaker 10 (07:49):
A half to assist the economic recovery.

Speaker 11 (07:52):
So they are doing, Mike, what the RBNZ suggested yesterday,
We all should do make our own minds up about
where the OCR should go.

Speaker 2 (08:00):
Okay, in video, so we seem to like it, and
they seem to have dodged a bullet.

Speaker 11 (08:06):
Yeah, yeah, absolutely, yeah, they did. I mean because they
had this China issue. They went in, they sell to
China and they managed to they managed to put out
a blooming good result despite that. So during the day,
so after we spoke yesterday and Video released its quarterly results,
and actually during the day, the US share market futures
reacted quite quite positiveness. But they're struggling to hold onto

(08:26):
this rally at the moment. So yeah, in Video, I
mean after ours training, they're up almost six percent. They
beat revenue estimates forty four point one billion versus forty
three point three expected. That is the tenth straight quarter
of record revenue growth and the second quarter revenue aspect
to go higher again to over forty five billion.

Speaker 10 (08:45):
And yes, despite the hits sales.

Speaker 11 (08:47):
Due to tighter restrictions on the US chip sales to China.
CEO Jensen commented specifically on the China situation.

Speaker 10 (08:55):
He also made I thought was.

Speaker 11 (08:56):
A really interesting situation. He talked about the broadening of
interest in chips for AI. So it's gone from being
the hyperscalers, the hype Nai Amazon, Microsoft, Metament alphabet.

Speaker 10 (09:08):
This is really interesting.

Speaker 11 (09:09):
Two sovereign states, people like Saudi Arabia, Taiwan investing heavily.

Speaker 10 (09:14):
Into AI and Nvidia now vying.

Speaker 11 (09:16):
With Microsoft to be the largest listed company in the world.
So it's very much a tailwind for the U S
share market.

Speaker 2 (09:22):
Now, this judiciary thing that the courts and stuff, what
do we do with that?

Speaker 10 (09:26):
Well, so there's a bombshell.

Speaker 11 (09:28):
Really, I suppose in a sense, this is the Court
of International Trade, which most of us would never have
heard of. You know, it's ruled that the trades are
legal now. And the interesting thing, Mike, I've been doing
sort of presentation around the country recently. I've been highlighting
this statute on which the tariffs are based, the International
Emergency Economic Powers Act of nineteen seventy seven, because it
seemed unlikely that that basis would withstand judicial scrutiny, which

(09:51):
is what has happened. Because the logic here is that
no emergency exists because US trade deficits have persisted for
decades without causing economic calm. It obviously will continue to
be battled around court. And actually market's sort of reacted positively,
but just looking at the headline flow now they're sort
of saying, you know what these tarifs are going. It's
this They're just going to keep going. This court ruling

(10:13):
probably won't distract from that.

Speaker 2 (10:14):
Right, I need some numbers.

Speaker 10 (10:16):
Sure, Yeah, So the rally is fading.

Speaker 11 (10:19):
The dal Jones is now down forty six points forty
two thousand and fifty two. The S and P five
hundred is just flirting with the fIF five thy nine
hundred level.

Speaker 10 (10:29):
It's now up twelve that's.

Speaker 11 (10:30):
About point two percent, and the Nasdaq, which was up
quite strongly, is now only up twenty points nineteen one
hundred and twenty one.

Speaker 10 (10:37):
There was a GDP some GDP numbers as well. What
else have we got?

Speaker 11 (10:41):
We got the foots one hundred down ten points eight
seven one six, the nick at up one point eight
eight that's seven hundred and eleven points thirty eight thousand,
four hundred and thirty two. The Shanghai Composite I was
up point seven percent yesterday.

Speaker 10 (10:53):
Three three six three.

Speaker 11 (10:55):
The Aussie has gained thirteen points on the A six
two hundred, closing at eight four oh nine. The insects
fifty we lost eighty one points yesterday, point sixty five percent,
twelve thousand, two hundred and eighty one.

Speaker 10 (11:07):
Kiwi dollar against the US.

Speaker 11 (11:08):
The wholesale markets will get your point five to nine
eight two US point nine.

Speaker 10 (11:13):
Two seven six oussie point five to two five seven.

Speaker 11 (11:15):
Euro point four four three one against the pound eighty
six point one six Japanese. The end gold is trading
at three thousand, three hundred and twenty three.

Speaker 2 (11:23):
Dollars oils down down, yep, fill that big. They're going
to pump more into the market.

Speaker 12 (11:29):
Sixty four bucks.

Speaker 10 (11:30):
Yeah, there's going to be more out there.

Speaker 11 (11:31):
Go and get yourself a six liter car, Mike, or
you've probably already got one, haven't.

Speaker 2 (11:35):
Yes, I do, as it turns out, And I was
looking at the ninety eyes, looking at the ninety eight
as I was filling her up this weakness, thinking that's
not a bad price.

Speaker 10 (11:43):
Ye'll put your foot down.

Speaker 2 (11:44):
Rebond week in Andrew Kellahejmiwealth dot co dot m z mosk.
Favorite business story of the last twenty four hours is
Hailey Bieber, who is married to you know who started
the thing called Road Rhode couple of years ago. It's
a makeup brand. We'll talk more about it later. Because
I was in the car with Katie yesterday having filled
up the aforementioned car, driving across town. I said this,

(12:04):
Hailey Beber, tell me about her anyway. She started a
makeup brand a couple of years ago. Three years ago,
zero no money has just sold it for a billion dollars.
It's not bad Ay six twenty one. You're a news
talk to book.

Speaker 1 (12:23):
The Vike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (12:28):
A'd be fun fact time, speaking of nvideo, if you'd
invested one thousand bucks a year ago, you'd have eleven
hundred and eighty four dollars. So five years ago, if
you'd invested a thousand, you'd have fifteen thousand, eight hundred
and ninety seven dollars, So you're thinking not bad. If
you'd invested your one thousand dollars ten years ago, you

(12:48):
would now have two hundred and forty three thousand dollars.
If you'd invested when it opened and floated for the
first time back in nineteen ninety nine, your one thousand
dollars today would be worth five zero point four million.
Six twenty five.

Speaker 1 (13:04):
Trending now quit chemist Warehouse, Mayhem megasale on now.

Speaker 2 (13:09):
If you watch Mobland, you'll have seen Helen Mirren, Pierce
Brosnan very good, great show. Anyway. Netflix like it as well,
they like that vibe, so they placed them in a
new project called The Thursday Murder Club. So that's based
on the novel Four Retirees. They spend their time solving
cold cases for fun until until they get caught up
in a case in real time.

Speaker 13 (13:27):
Our latest cold case is from May the eleventh, nineteen
seventy three.

Speaker 2 (13:36):
Oh my gods, isn't this room usually for jigsaws? Not
on a Thursday? No, welcome to Cooper's Chase. We're a team.
All systems go Roger that it's been a mud and
it's all mud now it's got a real case to solve.

(14:00):
Isn't it wonderful?

Speaker 10 (14:01):
Obviously?

Speaker 12 (14:02):
Rip and all that?

Speaker 14 (14:04):
Who are you?

Speaker 2 (14:08):
I'm sorry? How rood of me? We're the Thursday Murder Club.
Fantastic Mirrion Brosn and Ben Kinsley, Celia Emery there the
Four Retires. Tenant David is in there, Jonathan Price to
Pope's the Crown, Richard E. Grants and there he's always good.
Netflix August twenty eighth, Memorial Day. We can speaking of
television and movies and stuff. I did allude to it

(14:29):
the other day, but that whole what's his name?

Speaker 9 (14:33):
You know?

Speaker 2 (14:33):
Cruz Lelo and Stitch Mission impossible Anyway, turned out, the
Memorial Day weekend domestically in America was a record three
hundred and twenty six million stocks and movie companies have
gone up all week. They're thinking that the movies are
actually back. This was more than just a memorial This
was like people have finally got it. It's post COVID.
We've got some product, We're in the movies. We're going

(14:53):
back to eat the popcorn. So all is well with
the world housing Let's get amongst that. Got some interesting
news stats around first time by for you right after
the news, which is next the views togs edb.

Speaker 9 (15:05):
The news and the news makers.

Speaker 1 (15:08):
The Mic Hosking breakfast with the range Rover villa designed
to intrigue and use.

Speaker 2 (15:13):
Togs edv's Mike followed, you'll suggest you watched Clarkson's Farm
for the first time last night from series one. My
fifteen year old daughter and I laughed all the way
through at great suggestion. Barton very pleased. Do you like
it's a brilliant show, mister Hosking. The warriors are going
rabbit hunting on Sunday, Yes, my friend, they are. What
is pretty RABBITO is pretty good these days. Six on
the table, mind you, not as good as us twenty

(15:34):
three minutes away from seven. So the business of the
tariffs and the courts?

Speaker 9 (15:39):
What do we do now?

Speaker 2 (15:40):
Richard Arnold state, So I shortly meantime back here. You've
got some good news I think around housing. You report
this morning shows that's nearly a quarter twenty five percent
of all purchases for first home buyers. Interestingly, the average
age for these first time buyers is up. It's now
thirty six.

Speaker 9 (15:52):
Now.

Speaker 2 (15:52):
Kelvin Davidson is Cautality Chief Property Economists and is back
with us. Calvin, morning to you, Good morning. Twenty five
is a pretty steady sort of number, I think, isn't it.

Speaker 15 (16:02):
Yeah, that's yeah. I mean the average historically is about
twenty one twenty two, So yeah, twenty five pretty solid.
They have been up as high as twenty seven, but
ye're still doing pretty well at twenty five. So decent
market for first oone buyers.

Speaker 2 (16:14):
Exactly what's the investor mix at the moment in terms
of competition for a first time buyer? Are they back
or not?

Speaker 15 (16:20):
Yeah, investors are definitely coming back. They've risen for about
twenty percent up to twenty three twenty four, So, I
don't know. I think it's pretty balanced at the moment.
I mean there's opportunities for first home buyers, but investors
are coming back, interest rates down and interest deductibility back
to one hundred percent. Yeah, I think there's a bit
for everyone.

Speaker 2 (16:39):
Access to money. I'm reading them increasingly, you can get
low deposits, there are deals to be done, et cetera.

Speaker 15 (16:45):
Is all of that true, Yeah, I think that's right
as well. I mean there's a sense of balance across
lots of parts of the housing market. Certainly money is available. Yes,
you've got to get as fire serviceability testing, and obviously
have the deposit that sort of thing. Deposits are you
can get in with deposit, as you say, so your
money's available, people can get in they meet the criteria.

Speaker 2 (17:04):
And there's talk also I'm reading of delays on processing
with various banks. Does that mean the demand is up
and there falls a Q forming.

Speaker 1 (17:12):
Yeah.

Speaker 15 (17:12):
I think that's That's one of the issues that I
hear quite a bit, And partly it's just the sort
of a legacy thing. Everyone wins on this thing. Back
to the end last year, the Reserve Bank made a
big o to our decision in November. Around about that time,
everyone stayed floating, and then after the decision decided to
fix for six months, you know, fixing short as they could.
Now that's six months roll forward, we're pretty much there now.

(17:34):
So there's this big wave of repricing the banks having
to deal with right now. So resources are spread just
a little bit thin.

Speaker 2 (17:42):
Now this first time by our age. I was saying
earlier on if you'd asked me to guess, I would
have said twenty nine to thirty one, hand on heart.
What would you have said if you didn't have knowledge
of the data?

Speaker 15 (17:53):
Well, yeah, good question, because I always do hard to say.
I mean, yeah, I would have said, perhaps on the
first half of the theory that these figures come from
West Pax mortgage lending records, so it's real data, it's
the hard data, it's what people are actually doing. So yeah,
up to thirty six, it's part of a long turn upwards.
Trend has got harder. But I think people are making

(18:13):
lifestyle choices too, the oe all that sort of thing.

Speaker 9 (18:16):
Exact.

Speaker 2 (18:16):
I'm glad you said that because I just wonder how
much of it is like everyone. You could look at
thirty six and go, see, can't afford it, or you
could look at thirty six and go, Yep, I've done
a whole bunch of other stuff because I decided that's
what I want to do with life.

Speaker 15 (18:30):
Yeah, I think there's a mix of it at the moment.
If you look at affordability, So these numbers have gone
up from thirty four in twenty nineteen to thirty six now. Now,
if you look at affordability measures right now compared to
twenty nineteen, they're actually not that much different exactly. I
mean they were very very very stretched two or three
years ago, but compared to six years ago, they're not
that much different. So I think a way bit of affordability.

(18:51):
But also, yeah, lifestyle choices, you build your career, you
go on the OE, all that sort of stuff.

Speaker 2 (18:56):
First, good insight, Calvin, enjoy your company, Kelvin Davidson, who's
the chief property economisty at cotality these days, Let's get
some tariff updates and musk updates stateside. Shortly with Richard
Arnold nineteen two.

Speaker 1 (19:11):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News talksp.

Speaker 2 (19:18):
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(20:25):
in New Zealand. Pilots smashed into runway edge lights. Pilots say,
lesson have been learned? What I haven't read the story?
Do I need to? What do you reckon the lessons
that have been learned? Would the lessons don't smash your
plane into stuff?

Speaker 12 (20:38):
Make the runway a bit wider?

Speaker 9 (20:40):
Yeah?

Speaker 2 (20:40):
It could be six forty.

Speaker 16 (20:41):
Five International correspondence with ends and eye insurance, Peace of
mind for New Zealand business sid.

Speaker 2 (20:47):
Richard Donald, good morning, Good morning. So where do we
go here with these courts? Good question?

Speaker 13 (20:52):
He Trump White House is reacting furiously after a trade
court initially blocked the Trump tariff. In a second court
short time ago, court just endorsed that ban. Trump's top adviser,
Steven Miller, is calling what is happening a judicial coup.
The first court in question is one a few people
who even heard of it, sat as a three judge
panel on the Court of International Trade. One of that

(21:14):
trio of judges was appointed by Trump and the others
by Reagan and Obama.

Speaker 12 (21:20):
So there's the mix.

Speaker 13 (21:21):
Now, the Trump team has gone ballistics, saying it should
not be left to unelected judges to decide how to
address a national emergency, in suggesting judges and members of
some deep state conspiracy. The judges produced a forty nine
page decision. By the way, now Trump intends to ask
that you were Supreme Court to pause this Trade Court's
tariff ban. Typically taris have to be approved by the

(21:42):
legislators in the Congress here, but the lawmakers shelved all
their responsibilities on that when Trump argued the trade deaf
as it was a national emergency, Liberation Day and all
of that, and that Trump as president should have complete control. Well,
as court now has said, what Trump did was exceeding
his authority was illegal. Financial markets are during the court ruling.
They don't much like the tariffs or all of the

(22:04):
economic confusion we've been seeing. This tariff court ruling affects
the swipping tariffs that Trump imposed on many countries last month.
Doesn't affect these specific industry tariffs like those on cars,
which remain in effect. The Trump team says they are
also looking in other ways to proceed, so the tariff game,
they suggest, is not done with yet. At the White House,
Trump was angered to hear from a question that some

(22:26):
on Wall Street are branding him as Taco Taco, meaning
they suggest Trump always chickens out, said Trump.

Speaker 9 (22:34):
Oh, then checking out, I've never heard that.

Speaker 13 (22:37):
You mean, because they reduced China from one hundred and
forty five percent of and you ask a nasty question
like that, it's called negotiation. Well, the Trade Court now
has given the White House ten days to issue new
orders reflecting their tariff ban, as Trump aids are slamming
the judges, and previously Trump has criticized other judges who
rule against him as crooked, radical and monsters.

Speaker 2 (22:59):
Right, then we come to Musk, who's back at the
car yard, and so.

Speaker 9 (23:05):
What did he do?

Speaker 2 (23:06):
What happened there?

Speaker 13 (23:07):
Yeah, it's been a long goodbye and it's a good question,
isn't it. Elon made an official late last night the
Washington exit after one of the most turbulent and sometimes
bizarre stints in the Capitol. He can firmed his departure
with a post on exits social media site late in
the night after the interview which he which he sampled yesterday,
where he criticized from Trump policies, including Trump's so called big,

(23:29):
beautiful budget plan, with Musk saying of.

Speaker 1 (23:33):
That, I think a book can be big or it
can be beautiful, but I don't know if it could
be both.

Speaker 2 (23:39):
I had to play that again.

Speaker 13 (23:40):
It's tested to become a classic line I record. So
what's the assessment of the Musk and Doge minions team?
Trump aid Stephen Miller says, what Doge has done is quote,
among the most valuable services ever rendered to government?

Speaker 9 (23:53):
End quote?

Speaker 4 (23:53):
Is it?

Speaker 13 (23:54):
Musk came in saying he would trim with budget chainsaws.
The ready two trillion dollars nine billion in cuts have
been forwarded to the Congress. Here a bit of a
gap nine billion, two trillion, says Kara Swisser, a tech
reporter who's known Elon Musk for many, many years.

Speaker 17 (24:12):
I think he found a lot more difficulty in finding
real cuts and everything else. And I think they're only
sending nine billion dollars in Doge cuts to which is nothing.
It's a drop in the bucket, which means pretty much
his effort was a failure.

Speaker 13 (24:28):
She argues that Mask's boss of the company style was
a big part.

Speaker 9 (24:31):
Of the problem.

Speaker 17 (24:32):
I think Elon thought, because the way he runs his
own companies, that he could just come in and trample everybody.
I think that was one of the problems. I think
he bullied cabinet members. I think he ran over things.
He took a lot of Lion's share of the attention
the whole chainsaw thing, and I think he did a
lot more showmanship than he did actual work.

Speaker 13 (24:50):
So yeah, as you say, it's back to the cow
lot and the space ped have a.

Speaker 2 (24:54):
Good long week Wednesday. Richard Donald steitside by the way,
the whole bond thing in America, you know, people freaking
out of America. There was a bond auction this week
in Japan. People are starting to freak out about Japan
because the forty year bonds were not particularly sold heavily
because the demand wasn't there. People with money, i e. Gold,
they're parking gold literally now in Singapore seems to be.

(25:17):
There's a place called the Reserve, which is a sixth
story building I'm reading about this week where you park
your gold and silver. They've got a billion and a
half coming in started the year, there's an eighty eight
percent increase in orders to store gold and silver. So
the world's on edge at the moment a little bit, Mike,
I'm sixty one, first home by a living the dream.
I'd love to know what your story is. Where were

(25:38):
you between zero and sixty one? What happened there? But
welcome to home ownership. You'll never regret it. Ten Away
from seven, the Make Costing Breakfast with Bailey's real estate
news dogs dead Bee. Shall we play a little game
of let's write the listener up? Just just a taste
to start for this morning. So I've got the stats
on on time departure arrivals for airlines regionally and the jets.
And this is the thing that's got you going over

(25:59):
the last couple of months. You remember we went to
the Ministry of Transport. They mucked us around for days
on end. They said, look, we're putting all these numbers together.
It will arrive. Well they've arrived. It's not what I
in the Mike Hosking scale of having your act together
and getting on with life. No, it's not fantastic, but
it's not as bad as you think. You tell me
it's a disaster every time you hop on a little
propeller plane from Auckland to Blenham or Wellington to Omoru,

(26:22):
you're going never takes off, it's always canceled. It's a disaster.
You're wrong, you are wrong, You are factually incorrect. Overall
domestic regional on time performance trends for all airlines eighty
one percent. Now, as I say in my world, eighty
percent is not good enough, but it's better than you
make it out to be. Air Chathams sixty seven, Well
they're a bit useless. Air New Zealand eighty percent. Eight

(26:46):
out of ten planes arrive and take off on time.
Barrier Air sixty three not good, Golden Air eighty one,
Origineer ninety two. Go originere they won't have many planes
many flights, of course, and that'll help them out. Sounds
the same story. Percent of plans take off and land
on time sunny and ninety eight percent. So the other
one to go with if you can find them. But

(27:06):
Auckland to Blenham eighty five percent of the time takes
off and lands on time. Eighty five percent of the time.
Auckland Gismond seventy six. Auckland Hawk's base seventy seven Auckland
and but Cargol ninety five percent. You're going to do
in Icago for the weekend. You'll get there. Kai Tire
not so good sixty five percent Kerrie Carey, See the
North seems to be the problem. Sixty eight The Tasman's crap,

(27:27):
absolute crap on the Tasman And that's everybody that's emirates
in New Zealand jetsty But regionally, which is what you
were interested in. Regionally, it doesn't appear to be the
end of the world.

Speaker 18 (27:38):
Yeah, but there are stats and stats so at eighty
percent there aren't. Yeah, no, so that means one out
of every five times, right, So work with me here.
Most of the time you're doing a return trip.

Speaker 2 (27:50):
Right, Oh you're gonna are you gonna do that?

Speaker 12 (27:52):
That means that means every three trips you take.

Speaker 2 (27:54):
No, because the stats are separated out and the numbers
are basically the same, so the odds remained. So don't
come at me with your mathematician game. Five minutes away
from seven.

Speaker 9 (28:07):
Well, the ins and.

Speaker 1 (28:08):
The outs, it's the fizz with business favor. Take your
business productivity to the next lift.

Speaker 2 (28:14):
More on that later, By the way, EV Report this
morning from Coxa automotivate a BUK twenty four old, twenty
four month old car, two year old car on average.
How much did you sell it for? You sell it
for forty seven percent of what you pay for it.
You paid one hundred grand. I'll give you forty seven
thousand dollars after two years. Once upon a time, like
two years ago, it was eighty three percent. What's happened
rules quotas? Last year the quota for car manufacturers to

(28:37):
sell cars, you had to sell twenty two percent of
them as EV's. This year it's twenty eight, Next year
it's thirty three. Then it jumps to eighty percent by
twenty thirty. So what do you think happens? They panic
and they go, oh my god, how am I going
to sell eighty percent of EV's new Well, what I'll
do is I'll slash the price. I'll just slash the
price left, right and center. And when you slash the
price for a new car, what do you reckon? Happens
to the value of your old car? It tanks, suckers,

(29:00):
and so therefore you're not getting anything back. A trade
off between losses or punishment. So, as a manufacturer, if
you don't meet those targets. I mean you're losing money
on every new car you sell, of course, but if
you don't meet the targets, the EU will charge you
twenty seven thousand dollars for every car that you didn't
sell below the threshold. So do you lose money on
your new car or do you get fined by the EU?

(29:22):
That's how stupid the whole market is. Now. That is
before I get to BYD, who I've been reading about
in Europe, and this will be the same here because
BYD's here they got a car in Europe now that
I'm not going to tell you what the price.

Speaker 9 (29:35):
Is, but you will.

Speaker 2 (29:36):
I will tell you later, but you will not believe
what they're selling their cheapest new car for. And if
they continue to do that, jobs are going to be lost,
Companies are going to close, and the whole way we
see cars is going to change basically forever. So we'll
do that after seven o'clock, among many other things this
Friday morning on the My Costing Breakfast with the News.

Speaker 1 (29:58):
Is next the only report you need to start your
day on My cost Breakfast with Bailey's Real Estate, your
local experts across residential, commercial and rural news.

Speaker 2 (30:10):
Togs Head been seven past seven. So as we head
into another long weekend where any number of schools will
have had teacher only days this week and any number
of parents will take an extra day. The government is
cracking down on truancy, so the Ministry of Ed has
been given the directive to prosecute parents who let their
kids attend and suffer. So we've got about ten percent
of students who are absent for fifteen days or more
in a school term.

Speaker 19 (30:29):
Now.

Speaker 2 (30:29):
David Seymore is the Associate Minister of Education of course,
and is we this morning to you wedding make Are
the schools doing enough? Do you think or not?

Speaker 20 (30:39):
It varies a lot around the country. I've since taken
on this job visited dozens of schools, and I've sat
down with groups of Deputy principles and attendance officers, youth aide,
police and local charities. And there are people that are
doing a great job. There are other schools where less

(30:59):
than of the children show up and it's just not
good enough. But on balance, I think most people and
most schools are actually trying to solve this problem.

Speaker 9 (31:08):
Good.

Speaker 2 (31:08):
What's a prosecution.

Speaker 20 (31:11):
Well, Basically a school will go to the Ministry of
Education say look, we've got someone that they're not a
can't there or won't We've tried, we've gone out, we've
engaged with them, are basically giving us the middle finger
and saying education is not important and you've got no
right to demand that my kid enrolls and attends a school.
In that case, I've been told by the youth aide police,

(31:33):
by the attendance officers, by the deputy principals, we need
another sanction, another step we can take. At that point,
they will go to the Ministry of Education and say
this is a potential prosecution case. Ministry of Education will
weigh it up and if it stacks up, they'll take
a prosecution. Ultimately go before the courts. Now you can
find thirty bucks a day up to three hundred dollars

(31:55):
initially for a repeat offending. The fine on parents can
be three thousand dollars.

Speaker 2 (32:00):
As much as I want this country to be a
better place than all aspects, it is taking a bunch
of losers to court who don't have any money anyway,
who won't pay their fine, really of any value.

Speaker 20 (32:13):
Yeah, it is a value, and what you say police officer.
Remember very clearly told me in Parmeston, North if I've
got no sanctions to issue, then i can't do my job.
I actually need some teeth. It's also you talk about value,
it's about values as well. We find people for speeding
past a school gate, and so we should running over

(32:36):
children obviously something that we should put a lot of
effort into preventing. However, I would say that the denial
of a future to a child by not going to school,
getting knowledge from prior generations and being able to navigate
your life in the twenty first century, that is also
a serious crime against a child. And our system of

(33:00):
government and our set of choices about who we find
and what we do in terms of policy should prioritize
that as well.

Speaker 2 (33:07):
Well. Articulated actually, David Seymour, the Associate Ministry of Education
and as of this weekend Deputy Prime Minister ten minutes
past sevens the whole world's going to change, a massive
change speaking, which is coming to the way we do
a whole bunch of stuff as part of a wider
Rima reform. Now the guidelines which I waited my way
through yesterday. God, it's complex. The guidelines deal with housing, mining,

(33:29):
and agriculture, the big ones for farmers being the removal
of restrictions on non invasive grazing and wetlands, removal of
land use capability. Basically, it's designed to make everything easier anyway.
Mark Hoop's the Federated Farmer's RAMA spokesperson. He's with us.
Mark morning, Good morning. If I gave you a spot
quiz here from questions I asked myself yesterday, one hundred questions.

(33:49):
How many reckon you get out of one hundred?

Speaker 21 (33:52):
Pretty low? Pretty low.

Speaker 2 (33:54):
It's like mind bogglingly complex and detail, doesn't it.

Speaker 21 (33:59):
Although the irony here is, of course that the intention
is to make it less complex, less expensive, and more predictable.
So there is a lot to weighe through. There's a
lot to work out in there, but one hopes that
what they the intent here is very much to get
a better outcome.

Speaker 9 (34:19):
Yeah.

Speaker 2 (34:19):
I did get the overarching view that they're trying to
make things simpler and that what you had to once
supply for talk to someone about fill out some paperwork,
you can just go ahead and do. This's just what
I'm trying to say. There's a lot of this stuff changing,
isn't there.

Speaker 21 (34:35):
There is a lot of this stuff changing. I think
I think it's probably in terms of understanding the bigger picture,
it's important to realize that this is another step in
a process that has been going on since the beginning
of this coalition government. You know, they repealed the Natural
Built Environment at from the previous government. They introduced the
fast Track legislation, they did RMA Amendment Bill one, RMA

(34:58):
Amendment Bill two. Still working on the rewrite of the
Resource Management Act, but that's not expected until next year.
And so in the meantime you have a whole lot
of secondary legislation in the form of national policy statements.
It's under that primary legislation, and at the moment it's

(35:20):
even more confusing because local authorities and things are not
sure where those national policy statements and things sit until
we've got the new legislation. So the intent of this
release is to help you hopefully provide is hopefully to
provide a little bit more guidance and certainty for local
authorities so that they can get on with some of

(35:42):
their planning responsibilities in the meantime where we're waiting for
that new Act to come through.

Speaker 2 (35:48):
Broad A question for the weekend. Mark, how good is
being a farmer at the moment, whether you're in dairy
or beef or getting twenty percent off your tractor. I
mean you've got to be feeling good.

Speaker 21 (35:58):
Yeah, yeah, no, absolutely, Positivities really increased. Obviously, Fonterra came
out with an announcement for next season, which is still
looking strong. Beef prices are still holding really well. You know,
most areas have kind of recovered from drought conditions, and
you know, the inflationary costs are under control a little bit.

(36:21):
And then yeah, as you say a little bit around
depreciation and stuff there, it's looking good for further investment.

Speaker 2 (36:25):
Good to hear well, I mate, you have a good weekend.
Mark Hooper, who's the Federated Farmer's RIMA spokesperson, I would
suggest you read it and what I found funny yesterday
is there it's open to public consultation. I got no
idea who's going to read it all and be appraised
enough of what they're trying to do in terms of
detail to articulate and be knowledgeable enough to go in

(36:46):
there and go here's what I think, because man, it's complex.
Thirteen past Passy liked laughing out loud at your factory
in New Zealand. As I sit at Apu Airport after
my flight was canceled, this am twenty minutes for departure.
See that's where this has come from. And I'm glad
you raise that point in your world. It's like inflation
isn't when you see it from inflation number and gable
hold on my inflation is not like that. If you're

(37:06):
sitting at the airport and your plan has just been canceled,
there is no amount of data I can give you
to convince you otherwise. And that's the that's the theory
versus reality. Do the flight stats include cancelations? Good question,
Yes they do, and by and large the cancelation as
opposed to take off and landing, the cancelation numbers are
really low. They're about two percent, So that might infuriate

(37:29):
you some mond.

Speaker 12 (37:29):
So it's not just you don't have infinite added into
nat en.

Speaker 2 (37:34):
We are going to talk to Captain James Meagher after
seven thirty fourteen past.

Speaker 1 (37:40):
The Like asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (37:45):
At b SO, Mike, why do you only have a
heavy in New Zealand? Cheerleaders on. We haven't need anyone
on you. Christ Chuch did nu Needin always canceled of
under twelve people, Christ juch to Dunedan. Let me just
look at the facts. Cancelation three percent, so ninety seven
percent of the time it goes. Now, I can't convince
you otherwise, but those are the facts. Now, speaking of

(38:06):
travel airport, Auckland Airport are into a major domestic upgrade
time I should give it to you seventeen past seven.
They're looking to unlock regional capacity. So there's going to
be four new regional aircraft parking spots right, some of
those could hold a jet if the jets get into
the regional routes.

Speaker 9 (38:21):
Now.

Speaker 2 (38:21):
Billy Moore is the chief executive at New Zealand Airport's
Association and is back. Well this Billy, very good morning
to you.

Speaker 22 (38:28):
Good morning.

Speaker 2 (38:28):
How much of a service any given service is the
parking space versus a demand for the seat?

Speaker 22 (38:34):
Well, look, the airport has to build thirty years in advance,
or do its planning thirty years and advance. So what
the Aucland Airport is doing here is looking at population projections,
travel projections alongside the airlines working through that and seeing
what is an appropriate increase in capacity. Auckland, the airport
is essentially New Zealand's biggest regional airport. Forty percent of

(38:56):
regional flights go to and from the airport, so the
rest of network does rely on Auckland to increase its
capacity for turbo props, so the rest of the airports
can also receive and grow as well. So it is
a really welcome announcement. It feels like the right level
of investment through to twenty twenty eight.

Speaker 2 (39:15):
You use the word turboprops, Are we are honestly going
to be still in turbo props in thirty years time.

Speaker 22 (39:22):
Well, we're certainly going to be in turbo props for
decades to come. Absolutely, So I would say in New
Zealand will be using the Q three hundreds for you know,
through to twenty thirty five, twenty forty potentially. These are
really good, reliable aircraft and there's really no debate about
that in the aviation sector, and there's the right size

(39:43):
of aircraft for many regional routes. So one of the
things we often have to balance is people do like
to travel on jets, but also turboprops. Mean they can
have more frequency for business travel and more flights during
the day, so it is still a really core part
of travel and regional New Zealand.

Speaker 2 (39:59):
They clip the two at the Auckland Airport. I mean
this is good for them as well, doesn't The more
people arriving, the more landing fees there are, et cetera, which.

Speaker 22 (40:06):
Is a really important part of the system. Airports are
incy device to have growth. Airlines are able to increase
fears for yields, but airports are inty device to grow volume,
and so that is an important part of making the
system work because more capacity means that airfares can go
down with more competition and more flights coming in. So yes,

(40:28):
they obviously do. Landing charges are an important part of
the system, but it's already part of their capital plan.
I think the leanding charges for these regional flights are
going up a dollar in twenty twenty seven, so it's
all pretty good on track at the moment.

Speaker 2 (40:41):
Good stuff, Billy, Yeah, but good week. I appreciate it
very much, Billy Moore. And might I suggest if you've
ever been to Auckland Airport at that end of the terminal,
it really is I mean, not only do you get
to go outside in the wind and the rain and
get really wet and you watch your luggage pulled by
some poor bloke in a trolley, you then get to
go on a crappy old aircraft to go. But then

(41:04):
I'm a snob. Let's mark the weekend of Mine at
seven twenty.

Speaker 1 (41:09):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio, How
of My News Talk Zippy.

Speaker 9 (41:17):
Now.

Speaker 2 (41:17):
Over the last few years, Hollywood's undergone this huge transformation,
as you well aware. But Tom Cruise has just kept
on keeping on and he's back now. Ethan Hunt final
film Mission Impossible, Well, it's called the Final Reckoning. It's
the last one in the franchise, so soak it up
while you can. Directed by Christopher mcquarie, film brings all
the dynamic action that you've learned from Mission Impossible franchise

(41:38):
for the past that he is. Can you believe it's
been going for three decades? Mission Impossible? The Final Reckoning
is not hitting the brakes on the action. If you've
seen the promos, it's brilliant. Angeloba sets back Simon peg
haileyat Well along with Crue's film is jam packed with
exhilarating sequences, thrilling drama, all wrapped up in an explosive
spectacle that demonstrates exceptional Hollywood filmmaking at its finest. Make

(41:59):
sure you check it out. Maybe this long weekend mission impossible,
the final reckoning in cinemas. Now it's rated DMC. You
can take just about everybody. Get your ticks now. Hosky
given twenty four time now to marke the week. Little
piece of news and current events that's more impactful than
an air New Zealand Triple seven smacking into the side
of aneebridge Fontierra nine. It is literally raining money, record

(42:22):
farm gate record profits starting at ten bucks for next year.
Go buy a ute port of Auckland two. I mean
everything that's wrong with New Zealand putting prices up because
you can wyuku three wata everything that's wrong with New Zealand.
Four hundred k for a raised crossing. It's fascical. I'll
come back to that red meat eight April months along

(42:43):
with the dairy numbers. Keep this little country ticking. Auckland
FC seven falling when they did took the shine off,
but up until then there was a lot of shine
to enjoy. So that's the upside of that equation. Liam
seven points at last, plenty of season to go. Of course,
you get the sense things are happening for him. Spain
this weekend new consenting rule seven. See this is seven.

(43:04):
This is what we need. More of, less counsel, more
private sector, faster decisions. Let's get on with it. Trump four,
don't ever say what you said.

Speaker 9 (43:12):
That's a nasty question.

Speaker 2 (43:14):
Till who looks roping you by the day, the mean dinner,
the court blockade of tariffs, the ceasefires that haven't happened.
It looks rambling, ill disciplined, and then saying, oh, that's
before I get to Harvard Tourism six, Well, at least
the great walks. I mean a couple sold out in
half an hour this week. That's demand, doesn't it. And
a reminder that chunks of this country truly are world
class coffee for in ten bucks a cup and El
Brown's selling filter. I mean it's not right. Maryland wearing four.

(43:37):
I mean, I call it the Clarkification of New Zealand.
Do your thing fine, but when you retire, retire Russell eight.
The National Geographic Board couldn't decide, so the Minister did
the place is called Russell. It's a win for common sense.
Clarkson's farm hate is.

Speaker 1 (43:52):
That right.

Speaker 2 (43:55):
Between the production values, the humor of the hardship, the
story arc. It is what great TV should be. And
some still as if you haven't caught up with it,
watch it this weekend Radio New Zealand. For all that money,
for all those listeners to wander off to places like
the Mike asking breakfast, what's worse value a public radio
that you don't want all the way who crossing you
can't afford? That's the week copies on the website and

(44:16):
thirty two of these, by the way, have been specially
cut out and shaped and turned into address for Nicola
next budget day pasking turbo props take less runway for
taking off and landing. That's why regional airports need the
moments are talking about that, I mean, I get that
part off. You're going to a tiny part of the
New Zealand course, I'm talking Wellington to christ Church. You
can get on a turbo props from Wellington to christ Church.

(44:37):
That's ridiculous. There is some plane from the now. Let
me have a look from the Corporate Communications Department of
Auckland Transport, Blake Creighton Brown writes to me. He doesn't
write to me, wrote to the Herald complaining, ummm, he's
claiming at sixty five thousand dollars not four hundred thousand

(44:58):
dollars for a raised crossing, and we need to put
that figure across. Can you please give me a call
to discuss asap. I don't think we did, but I
did that. So if it's sixty five, that's better. It's
still far too expensive. As Luxon and I said we
could do a working bee over the weekend. We'll charge
a twenty five grand, saving money all over the place.
On the mic Hosking Breakfast. Now we'll go to James Meager. James,

(45:21):
have I got some ideas for domestic regional air traveled
in this country? Mega? As well as after the News,
which is next.

Speaker 1 (45:29):
New Zealand's Voice of Reason is Mike the mic Hosking
Breakfast with a Veta, Retirement, Communities, Life Your Way, News,
TOGSADB I carry up for.

Speaker 2 (45:39):
Twenty three to eight. At last, we have these numbers
that we so often talk about, as I've been alluding
to this morning, when it comes to playing around the country.
Now this is the Ministry of Transport Aviation Flight Times
and Productivity Report. Now these are stats for April. They
show Air New Zealand at just over sixty percent for example,
on time departures for the trans Tasmin. That's a disaster. Domestically,
the jets Star seventy five percent. James meag Is, the

(46:03):
Associate Minister of transportant is with us. Good morning, morning Mike.
Are these numbers acceptable or not?

Speaker 19 (46:10):
Well? I think they are a snapshot in time. I
think for the regions they aren't acceptable in terms of
some of those really high cancelation rates. So at least
it gives us some transparency about what's happening and can
focus on some of those regions that are really really
suffering from poor performance.

Speaker 2 (46:24):
When you talk about cancelation rates, what do you refer
to specifically? I'm looking broadly speaking. There's a couple of
randoms in there. Northland seems to be a problem for
the New Zealand. Some of your great Barrier airlines seem
to have troubles. But generally the cancelation rates around two
or three percent, which I wouldn't thoughts the end of
the world, is it.

Speaker 9 (46:41):
Yeah?

Speaker 19 (46:41):
I think around the national average is about five point two,
So you've got to bear in mind for this report,
it's a snapshot in time for eight pots, so it
takes into account cyclone, tam and easter. So your Northland
top of the North routes are going to be higher
this month. What we're going to need to look at
is the trend over the next few months to see
where it all settles out, and I'd be looking for
improvement over time. That's the point for of how heavy metropols.

Speaker 2 (47:03):
Okay, so this is low tide in your view as
far as you're concerned or not.

Speaker 19 (47:08):
I would hope that for those northern regions that's about
as highs against for some continent weather events. But if
you look at places like Topora and Timoru and Okoteka,
they are higher than average, and they've been high for
quite a while and they weren't as affected by that
weather event. So we want to make sure that airlines
keep focused on those routes and make sure they improve
their performance.

Speaker 2 (47:27):
It's easy to do this, and I know it is
a snapshot in time, and I've read it and I've
looked through all the numbers, and you can fascinate yourself
till you're blue in the face. I would like to
see it higher, of course I would, but at about
eighty ish percent overall to take off in land, it
isn't bad, is it.

Speaker 19 (47:44):
I think in terms of delay it's not bad. But
when you look at some of the high rates of
cancelations for the regions, that really impacts people who are
needing to travel in the regions for work, particularly because
they're already geographically isolated. So yeah, I think on generally
airlines do a relative a good job, but when it
comes to serving the regions, we've really got to make
sure we focus on those high rates and at least

(48:05):
get them down to where everyone else is performance.

Speaker 2 (48:07):
Okay, So what are you going to do about it,
if anything, apart from jaw boneit.

Speaker 19 (48:11):
Well, I think it's good to have the data to
actually prove the point that some of those regions are
finding it tough. Government can do a few things that
can look at what it's doing to invest in airline
and airport infrastructure to reduce the costs on airlines to
make it easier for them to travel. We're always going
to be affected by weather, but there are some things
around workforce development, access to pilots, access to engineers that

(48:32):
the government can do for workforce development, and also access
to capital to help with purchase of parts and new
planes and the global shortages there.

Speaker 9 (48:41):
See.

Speaker 2 (48:41):
One of the interesting things was when I started looking
into this regionally, everyone going, nah, don't do the jets
service because that's easy. The regionals are the problem. And
yet if you look at the Tasman what a what
an absolute shit show that is, and you've got nothing
but jets and no one does it properly.

Speaker 19 (48:58):
Yeah, again, I think you've got to look at that
over time. For the jets, we dearth data transpatesment going
back a few months and it shows that it sort
of bounces up around about the eighty percent all the time.
I think for April and the jets. You've also got
to look at some of the weather events over in Australia,
so there wasn't going to take this time around. But
you're right. I mean, cancelation rates are always going to
jump up around and there's probably no internationally accepted standard.

(49:19):
But if you look at overall for the likes of
your domestic jets, that's around about point eight percent cancelation.
If you look at domestic routes, it's about five point
two percent.

Speaker 2 (49:28):
So what we're coming up with, and see Jesus Heavens
for videm and apologies with the airlines, but I mean
what you're coming up with, you've just given yourself away
to a degree. Yeah, we've got a bit of weather there,
and then we had a storm there, and then we
had a strike there. And I mean what you're going
to find over time is there's always something somewhere and
that's going to skew the figures, isn't it.

Speaker 19 (49:48):
Yeah, on one off occasions it will. But if I
want to look at making sure those trends over time
are going downwards and that airlines are focusing on the
areas that are causing issues for travelers, Like if you
look at twenty percent cancelation rates for tire, they're probably
too high to be acceptable.

Speaker 2 (50:05):
James, can I be honest? I mean, fitty younger, I
mean honestly, fitty younger if you drive. I mean, for
goodness sake, it's like, what do you expect in a
third world country which we are these days? Sadly, do
you honestly expect to hop on a seven three seven
to fit a younger and take off on time and
be served a cocktail.

Speaker 19 (50:24):
No, and I don't think anyone does. And look younger.
There's about eighty flights a month. They't think in and
out of there. So I think people don't expect that.
What they do expect is to have some reasonable form
of connectivity so you aren't spending a different amount of
times in the car to get places. And like the
West Coast, Fittanger, Farnorth, yep, they are geographically isolated and
it's harder to get around, but we can do some

(50:45):
stuff to support those regions. It's important to support our regions.

Speaker 2 (50:48):
Of course, it is what is the James Meager scale
of acceptability for regional New Zealand.

Speaker 19 (50:54):
I think if you look at the national average being
five percent, I would hope that most regions would like
to think that they doing no worse than the national average.
And of course it's hard because averages, you know half
the people are always going to be above that. But
I think over time, if you're talking about Hokatika, Rode
or Timmorary, places like that, if you pour them down
from the ten to sevens into the fives and fours,
I think that's improvement.

Speaker 2 (51:14):
Okay, we haven't had a chance to talk since you
had your extraordinary thought bubble on reorganizing the domestic airline
service in this country with government help. How far have
you progressed that particular idea.

Speaker 19 (51:26):
Yeah, so ministers are still discussing the options around what
we can do to support infrastructure. We've made some investments,
particularly in the West coast. Takka Airport made some investments
over there recently, so it's still in train. But I mean,
you're right, it's a difficult problem to try and fix
because it is about competition, but it's also about the
economics of flying airlines. And I've talked to the likes

(51:46):
of Sound there who have excellent flight performance but still
find it difficult to operate just because of the costs
of running airlines. So we are making progress on that.
Just to start a reporting will help airline price, It
will help better airport infrastructure will help Government lowering its
own fees over time will help as well. It all
goes into the max.

Speaker 2 (52:04):
Okay, appreciate your time. You have a good week in
James Meager, Associate Transport. We're still discussing. Tell you what
a discussion was aviation fuel wh would be getting places, Mike,
the Taupou flight's always canceled. No, it's not. Let me
come back to it. By the way, a federal appeals court,
this is Trump, this is Tariff's. A federal appeals court
justin they granted the administration request to temporarily pause the

(52:26):
lower court ruling. So, in other words, the lower court said,
you can't have your tariffs. The federal appeals court said,
yes you can. So tariffs are back on. As regards
the Taupeau flight is always canceled. I have the Taupou numbers,
and the answer is it's not always canceled. There were
sixty flight scheduled. Fifty four of them took off. Sorry,
fifty six of them took off. Most of them took off.

(52:46):
There was a cancelation rate of six percent, and on
time and landing seventy five percent of the time.

Speaker 1 (52:51):
Sixteen to two, the Mike Asking Breakfast Full Show podcast
on iHeartRadio, Power by News Talks, it'd.

Speaker 2 (52:58):
Be Mike James Meagher on top of his portfolio and
press a few he is he's a very good guy.
Came to prominence, of course with that maiden speech, and
everyone went, oh my god, isn't he call? And so
he's one to watch for the future. Mind you, he
comes from Canterbury, so that helps. Very good piece in
newsroom the website if you want to read it about
seeing we've sort of fixated a bit on regional airlines

(53:19):
and aviation generally. This morning. The headline is the headwinds
facing regional airlines. It's interesting it says passenger numbers on
regional airlines have never been better, costs of running them
have never been higher. Passenger numbers are through the roof.
This is sounds ere guy Andrew runs sounds there. He
says the passenger numbers are through the roof. But he's
had to kill off Taupo and Westport and sell an
aircraft and the company is still losing money. I wouldn't

(53:41):
know one airline that isn't, so you've got possibly a
perfect storm. Other interesting subject this morning, Mike, I think
people need to reframe they're thinking about buying their first home.
I'm not on a huge salary, and I'm single, and
I just flatted all through my twenties and thirties and
then bought my first home at forty two one bedroom apartment.
But I love it and finally being able to live

(54:03):
in my own space is amazing. I probably could have
built a place a bit earlier if I'd really looked
into it, but I just assumed I couldn't afford it. Ah,
And there it is. I just assumed. And I was
telling Ryan earlier on this morning that you know, our
kids and a part of a generation now who wrongly
and we tell them they're wrong, but they're not to
be convinced. They're like the people who got on a

(54:23):
plane at Taupo and thought it was never going to
live and we say you will buy your house one day.
They say it's not possible, can't do it. So there's
a whole generation of people out there that have absolutely
convinced themselves that home ownership is beyond them, and it's not.
And we've got living proof in this building that there
are people in their low twenties who have gone out
and bought houses for themselves. And it just depends on

(54:43):
how you view life, what your aspirations are, what your
priorities are. But what I do know in life is
that old saying, if you think you're going to failure,
correct you will. And if you genuinely believe you can
never do something you're correct, you won't and so until
we amend that slightly. And the stats, I mean, I
can't convince you with the stats either, because, as we
heard earlier on this morning, a quarter of all sales,

(55:05):
and this has been this way forever, a quarter of
all sales are first time buyers. So there are always
first time buyers and lots of them in the market.
A man with the best job title and I think
I've said this before in the program last time we
had him on, A man with the best job title
in the world is next tend to wait.

Speaker 1 (55:24):
The mat Hosking breakfast with a Vita Retirement Communities News
Togsdad bes.

Speaker 2 (55:29):
Seven away from eight to new ten cent coiners on
the way. The Reserve Bank has been given the green
light to put King Charles on the coin, so we're
making them in Canada and you'll see them in your
wallet or your car ashtra by twenty twenty seven, Director
of Money and Cash at the Reserve Banking in Wolfed's
with us Ian Morning Morning, Mike, Why does this take
so long? Because the King arrived in twenty three and

(55:49):
we won't get the money till twenty seven.

Speaker 23 (55:52):
Yeah, we checked in with the Palace a few years
ago and we got some pretty clear advice which was
not to be wasteful. We've got quite a big inventory
because it's really important to us that banknotes and coins
are available when people need them, So we hold quite
a buffer, and it takes quite a while to do

(56:17):
the production and get it moved from Canada. We need
to work with industry to make sure the coin is
accepting machines or work. There's actually a bit more sort
of science and a coin than people understand.

Speaker 2 (56:29):
I'm sure that's true. Who decidns on whether it's a
ten to twenty or fifty?

Speaker 23 (56:36):
Well, the reason why we're going with tens at the moment,
it just reflects where our inventory's at, so they're the
ones that we need to stock up a bit on.
So that's just the first cab.

Speaker 2 (56:46):
Off the rank, and then you'll do twenty and then
you do fifty.

Speaker 23 (56:49):
Yeah, yeah, that's right.

Speaker 2 (56:50):
How much does it cost to make a tense? So
the only reason I asked this is I found out
this week it costs thirteen cents to make a nickel.

Speaker 9 (56:58):
Yeah.

Speaker 23 (56:58):
No, and it costs more than a penny to make
a penny. Yes, it actually only I mean, it's commercially sensitive,
but it's just a couple of cents.

Speaker 2 (57:07):
And actually that so it's cheaper to make a ten
cent than So how come they're so expensive in America.

Speaker 23 (57:15):
I don't really know the details of what's going on
in America, but this is this is how central banks
actually make their money. So, without getting too technical, you know,
when we produce a coin or a banknote, it costs
a few cents on the dollar, and then when we
when we release it to the public, it goes onto
a balance sheet at face for you. So a ten

(57:37):
cent coin mightn't cost a few a few cents. There's
a little bit more money that we make. But you know,
one hundred dollar bank note a few cents.

Speaker 2 (57:47):
A good coin, that's a that's a margin they rip off.
That's inflation rey and for goodness sake, Well no, no, no, no.

Speaker 23 (57:53):
No, that's that's I mean, the Reserve Bank is one
of the few government sort of profit centers, so we
actually pay a dividend to the government every year. A
portion of that sort of kept back through our funding
agreement to funder operations. But you know, that's the way
it works around the world. Central banks have a legal
right to issue. You know, your sovereign currency, the costs

(58:16):
of production are low. It goes on to your balance
sheet at face value, and then that money is really,
you know, revenue for the government.

Speaker 2 (58:25):
How much How many tens have we got in the
economy at any given time? Are there millions or hundreds
of thousands or one?

Speaker 23 (58:32):
Oh no, tens of millions, tens and tens of millions.

Speaker 2 (58:34):
Tens of millions, And that's the same for all coins generally.

Speaker 9 (58:38):
Or not.

Speaker 23 (58:40):
The denominations. I mean, yes, it is. You know, tens
and tens of millions coins are out there.

Speaker 9 (58:47):
You know.

Speaker 23 (58:47):
One of the things that people often says, well, I
don't use cash that much, but you know, the amount
of cash and circulations doubled over the last ten years,
and actually some of the heat uses a cash using
cash a bit more. Yeah, So yeah, it's it's out there.
There's a lot of money in circulation, over nine billion

(59:08):
in circulation.

Speaker 2 (59:09):
Good stuff, all right, Ian, Nice to talk to you again.
Appreciate it very much. And Wilford, who's the director of
money in cash.

Speaker 18 (59:15):
I just asked Sam how many he's got personal points? No,
ten sensors and how many has he got none? Because
do you know why he throws them out?

Speaker 2 (59:25):
See, I keep telling you he's paid too much money.
He's got his own apartment. He's in his twenties. He's
got his own apartment.

Speaker 12 (59:31):
Doesn't flash dog, He's.

Speaker 2 (59:32):
Got a flash dog. He throws money out.

Speaker 12 (59:35):
He literally throws money away.

Speaker 2 (59:36):
He throws money away. Mike, it must be Kate's husband.
Greatest job title in the world. It's very night and
probably through. Speaking of which we'll do the weekly after
the News, which is next.

Speaker 1 (59:49):
The mikeskame in fateful, engaging and idal, the Mike asking
breakfast with the range rover villa designed to intrigue can use.

Speaker 12 (59:59):
Tom said be.

Speaker 9 (01:00:02):
One two three.

Speaker 2 (01:00:14):
Joe Jonas, who was once part of the Jonas Brothers,
and I.

Speaker 12 (01:00:19):
Think he still has a Jonahs brother.

Speaker 2 (01:00:20):
I think, well, in a familiar sort of fashion. It's
not necessarily musically, Yes, good point music for people who
believe in love, I believe. I think that's probably the
best title of the album this year.

Speaker 9 (01:00:32):
So time.

Speaker 2 (01:00:32):
I like Tho's barges of title music for people who
believe in love. This is distorted, obviously, so that's a
thing that he does. He also I've seen him several
times at the F one, so I give him cute
os for that. Anyway, who likes F one is a
half decent person.

Speaker 12 (01:00:47):
This is only a.

Speaker 2 (01:00:47):
Second solo album, which seems weird for a person who,
in my mind, has been around for quite a while
thoughtfully mature melgam of his previous pop incarnations. The record
is technically the follow up to twenty eleven Fast Luck.
So twenty eleven was Fast Life was his first album.
I was right, he has been around forever and is
this only his second one in twelve or thirteen years?
Maybe spending too much time at the F one. Concentrate

(01:01:10):
on the music. Thirteen tracks, forty one minutes and forty
four seconds of this stuff.

Speaker 1 (01:01:16):
The week in review with two degrees fighting for fair
for Kiwi Business, said Wilson.

Speaker 2 (01:01:21):
Kate Hawk's be good morning, good morning, good morning, good morning,
good morning. My favorite story of the week is Hailey
Bieber and her sale. You won't know much about this, tim,
but Katie and I talked about this extensively in the
car as we crossed town yesterday, and I said to Katie,

(01:01:42):
my social media slash cutting edge modern ish vibe person,
a tech guru, and my tech guru, I said this
Hailey Biber talk to me.

Speaker 24 (01:01:53):
You know you didn't fake news. You said, quote unquote,
who's Hailey Bieber?

Speaker 9 (01:02:00):
Is she a thing?

Speaker 24 (01:02:02):
And I said, are you joking?

Speaker 2 (01:02:04):
And you said, no, I'm not, that is true. What
I didn't know, Tim, stop laughing. What I didn't know
was that Hayley Bieber was a Baldwin. And according to
my social media manager, All Baldwinds, she's a NEPO baby,
so all Baldwin's phase. What I wanted to know is
to bring everybody up to speed on this. She started
three years ago a makeup company and she's now sold

(01:02:27):
it for a billion dollars, so three hundred and thirty
three million dollars per year. So three years later she
sold it for a billion dollars. What I wanted to
know was she a thing going in? So in other words,
when you go high, I'm making mascara these days, do
people then buy the mescara because you're a thing? And
I think she was a thing as a supermodel. You
tried to tell me, Katie she was a Baldwin, which
made her semi famous. But I don't know that people

(01:02:50):
buy makeup because Alex's somehow involved in the process.

Speaker 24 (01:02:53):
Well, she's justin Bieber's wife, which is when she is that.

Speaker 14 (01:02:55):
Why yeah, that's where she exploded into the celebrity stratospect.

Speaker 2 (01:03:01):
But do you buy listic really.

Speaker 25 (01:03:03):
Beautiful glowy skin? So she did a range of like
it's really more skin here. It's like dewy, glowy skin drops.

Speaker 24 (01:03:09):
And lip arms, and people look at her and go,
I want to look like you. It's the Kylie jen effect.
It's the same reason success.

Speaker 9 (01:03:16):
Can I get Mike? Shall I go and get the
Reo bi power drill back again?

Speaker 14 (01:03:19):
It's getting all No, it's just just saying.

Speaker 2 (01:03:21):
What I'm saying is that in a world of in
a world of stuff, that's an extraordinary story. There's a
story this morning. Now I've written it down and unfortunately
my write I can't read my own writing. Is there
a brand? Is there a brand called.

Speaker 9 (01:03:36):
What you need to do?

Speaker 14 (01:03:37):
You need to you need to stop with the cursor
and get with the printing.

Speaker 9 (01:03:40):
That's what the kids doing.

Speaker 2 (01:03:43):
Thoughts, All of my thoughts are down in writing in
terms of typewriter. But unfortunately I've then gone and scribbled.
Is r A a ce a local brand. It's a
botanical skin care deal. Is it racy rah Rah Ray Ray,
it's r a I is it? That'll do? Okay, now

(01:04:05):
that story this morning, they've just gone and done a
deal with the botanical skin care at Sephora, so there's
money there. So I'm just wondering if we need to
launch our own marking the week skincare mark the Wheat
skin Care. Yeah, I think we do.

Speaker 25 (01:04:19):
I think it would could probably be an anti wrinkled
cream given out collective ages.

Speaker 14 (01:04:25):
Don't well, okay, I don't think anyone might wants Mike
or my skin, but maybe your skin.

Speaker 2 (01:04:30):
My skin's pretty good on My skin's pretty good.

Speaker 24 (01:04:33):
His skin is excellent. He gets comments us all the time.
He looks after the skin.

Speaker 9 (01:04:36):
Do you know what my.

Speaker 2 (01:04:37):
Highlight of working for TV and Z was I would
sit there, No I know, I would sit in the
chair and and they would go, your skin's incredible. Wow,
that's what they're saying. That's what more than one person,
and that was the highlight over another gear while I mean,
you know you want light there.

Speaker 9 (01:04:55):
You know I was.

Speaker 12 (01:04:56):
I was there with you on seven sharp for a while.

Speaker 2 (01:04:58):
You know we've all work there. Okay, Next question, quick question,
how many poos has Sammy's dog done on the carpet
this week.

Speaker 25 (01:05:08):
Oh yeah, I was just talking to my off ear
saying it, really, a puppy is like a kin to
a newborn because it is so distracting and so twenty
four seven you can't take your eyes off it.

Speaker 9 (01:05:17):
No, I disagree.

Speaker 14 (01:05:19):
I don't think it is the equivalent of a new ball.

Speaker 12 (01:05:21):
I know you've had both, but I just can't see it.

Speaker 9 (01:05:23):
I do agree with.

Speaker 25 (01:05:24):
Tim, it's four it's a good it's a good practice
run for sam.

Speaker 24 (01:05:28):
If not incredible, not.

Speaker 2 (01:05:29):
Doing very well, I wouldn't have kids. It's my advice.
After week one exactly, there's poos on the wall.

Speaker 12 (01:05:37):
What's wrong with you?

Speaker 2 (01:05:38):
You don't you can't see our walls?

Speaker 9 (01:05:40):
Why are you laughing?

Speaker 2 (01:05:41):
Well, because I'm just thinking I can see it all coming.
What I enjoy at this stage of my life is
seeing people go through things that you know are going
to unfold in the way that you know they're going
to unfold, and they go no no no no no
no no no no, and then they unfold exactly the
way you thought they were, and it's just so enjoyable
to watch. Basically, But see, I was right all along.
He argues, now we'll ask this question going to the break.

(01:06:04):
When I said, how's it gone this week in the
old department, he goes, she only did it once on
the carpet. And I said, but what about the wall?
And he said, he said, they're separate things. My question
to you going to the break is doing.

Speaker 9 (01:06:27):
Is doing?

Speaker 2 (01:06:28):
I can't even thirteen past eight.

Speaker 1 (01:06:33):
The Mic Asking Breakfast Full Show podcast on iHeartRadio, Power
it By News.

Speaker 2 (01:06:38):
Talksp News Talks, sixteen past eight.

Speaker 1 (01:06:42):
The Week in Review with two degrees bringing smart business
solutions to the table.

Speaker 2 (01:06:47):
Simple rules, Sam, puppies of food and food out instantly
take your puppy outside straight after feeding. Now that's good advice.
What Texter doesn't realize is Sam's on the forty second
floor of this thirty seven square meter apartment.

Speaker 9 (01:06:57):
You can't do that.

Speaker 2 (01:07:00):
Yep, learning curve with a dash hound puppy so busy.
By the way, Glenn's we dog, Gavin is for surgery
today at the bit.

Speaker 24 (01:07:09):
Oh what sort of surgery?

Speaker 2 (01:07:13):
Good question?

Speaker 12 (01:07:15):
How much is that going to cost?

Speaker 2 (01:07:18):
Doesn't want talk about it?

Speaker 25 (01:07:20):
Insurance?

Speaker 9 (01:07:20):
Does he? Yes?

Speaker 18 (01:07:22):
It seems to be a very gray area over exactly
how much, exactly what they cover what percentage?

Speaker 2 (01:07:29):
They know you never asked those questions when you take
it out, do you? And the problem with that is
you never asked because you never know what you're going
to be requiring, and because you.

Speaker 12 (01:07:36):
Know these insurance companies would rather not pay.

Speaker 2 (01:07:38):
So I always say to look at the how to
look at the profit margins and insurance company and tell them,
tell me how that works.

Speaker 12 (01:07:43):
The dog is named Jerry, by the way, is it
not Jerry?

Speaker 25 (01:07:49):
I didn't want to say anything, but I didn't think
Gavin was an unusual dog's name, more.

Speaker 12 (01:07:53):
Or less unusual than storm.

Speaker 2 (01:07:56):
Storm. No, storm, Storm's a good dog's name because not
not many people are called storm. Is that what your
dog's name? So Sam's oh, jeez, stamps call it storm? Well,
that's car.

Speaker 14 (01:08:07):
That's like, that's like calling a kid's storm. That's like
calling a kid tantrum. That's why would you do that?

Speaker 9 (01:08:11):
It's like a.

Speaker 2 (01:08:12):
Herald headline, kids is called storm? Who's called Who's called storms?

Speaker 24 (01:08:17):
One of Kylie Jenna's kids?

Speaker 9 (01:08:19):
Well, I rest my case.

Speaker 2 (01:08:20):
Does a kid making makeup? Has a kid got a
mascara line out?

Speaker 24 (01:08:23):
Get that dog its own?

Speaker 9 (01:08:25):
Show?

Speaker 2 (01:08:25):
Stormlips? So they thought about that stormlips, storm eyes, stormy eyes.
I mean that I'm whiteboarding this as we go left
front center, Tim, how old were you when you bought
your first house?

Speaker 9 (01:08:36):
Bought? Mom?

Speaker 10 (01:08:38):
Oh, golly's fourteen.

Speaker 2 (01:08:41):
Twenty fourteen years ago? Tim, So do you rage? Well,
so you're seventy sixty four, you're three, sixty three, sixty
this year sixty your sixty forty nine, Yeah, so forty nine.
You're well above the average.

Speaker 9 (01:08:58):
Katie.

Speaker 2 (01:08:58):
How old were you.

Speaker 25 (01:09:00):
Twenty two or three?

Speaker 20 (01:09:02):
Yeah?

Speaker 2 (01:09:03):
See, it's a time of life thing, isn't it. You're
a bit lost, won't your Tim? I mean that's what
that boiled down to. We are a bit lost. I
was wandering in the wilderness for many years, and that
and that is that is the thing.

Speaker 24 (01:09:14):
That's That's the same with our kids.

Speaker 25 (01:09:15):
I heard you saying they're not going to buy houses,
and it's priorities for them as well.

Speaker 24 (01:09:19):
A lot of them would rather travel and see the
world and do other stuff. So they're not at that.

Speaker 25 (01:09:24):
Then they're at a totally different stage of life that
we were at at that time. So everything is happening older.
I think that's just the truth. That's just what's happening.

Speaker 24 (01:09:31):
So you say that it's doing stuff.

Speaker 16 (01:09:32):
They don't.

Speaker 24 (01:09:33):
They none of them want to get married young, none
them want to buy houses.

Speaker 14 (01:09:35):
See now I would yeah, I would push, I would push.
I don't know if that's a good thing. You see,
I think what it is, well, well, but we can
we can still make a value judgment on it.

Speaker 2 (01:09:45):
I don't think.

Speaker 9 (01:09:46):
I don't think it's.

Speaker 14 (01:09:46):
It's well, the perstponement of the of adulthood is actually
the extension of infantilism.

Speaker 2 (01:09:53):
Well, I tend to agree with you, Tim, But having
said that, I did read this, and I must once
again reiterate to everybody. I don't know whether you want
to get yourself a copy of the Listener, because that's
not good for your health. But it was reprinted elsewhere.
They've been doing this longitudinal study post elections of a
couple of thousand people every election for the last twelve elections,
and what I found out from that it's fascinating reading,

(01:10:15):
is essentially we've not changed. I don't believe that you
can argue with fellow New Zealanders.

Speaker 9 (01:10:21):
It is what it is.

Speaker 2 (01:10:23):
It sounds like a towerplow to Aukland turboprop traveler.

Speaker 24 (01:10:26):
I don't believe that either. I do not believe those
stats on the flights.

Speaker 25 (01:10:29):
You talk to anyone in an airport or anyone who's
fown anywhere recently their flight's been canceled, that they cannot
be right.

Speaker 2 (01:10:35):
What's the point of statistics? Why don't we just maybe
the mystery of Catherine.

Speaker 9 (01:10:38):
But maybe the stats are not up to date.

Speaker 2 (01:10:40):
Maybe it's from April.

Speaker 14 (01:10:43):
That's from April, that the end of money.

Speaker 25 (01:10:46):
I just wonder whether that's the same people being interviewed
over and over again, and it's an aging.

Speaker 2 (01:10:50):
It's not people being interviewed. It's not people being interviewed
on planes. It's like did the plane taper down at
the airport? Going there? She goes, she's off market now.

Speaker 24 (01:11:00):
Not talking about the other study, not the.

Speaker 2 (01:11:04):
Here's three people who know nothing about statistics.

Speaker 9 (01:11:07):
To mat No, I do.

Speaker 2 (01:11:08):
I take your point on the post election vibe thing,
but but I thought the most interesting part of it
was the death penalty. The majority of New Zealand and
this is a yes or no thing. I mean, so
when you ask somebody, do you want more healthcare spending?
That's a stupid question, But do you favor the death penalty?

Speaker 9 (01:11:23):
Yes or no?

Speaker 2 (01:11:23):
It's a yes or no question. We've always the majority
of New Zealanders have always favored the death penalty. And
yet do you think we've got it?

Speaker 4 (01:11:30):
No?

Speaker 2 (01:11:30):
Will we know why not?

Speaker 9 (01:11:33):
Yeah?

Speaker 24 (01:11:33):
I don't believe it.

Speaker 2 (01:11:34):
Of course you don't, And I don't know why we
run these believe it my whole life offer a last
night for the last minute, a last minute life hack. Yes,
you want more time.

Speaker 14 (01:11:47):
We're making a big fuss over King's birthday, all right.
The last minute life hack is instant coffee. Instant coffee
five minutes. It's five minutes less than the other than
the smart coffee. Three cups a day. That's forteen minutes
a day, ninety one hours a year, almost four days
a week.

Speaker 9 (01:12:03):
We make a fuss over King's birthday.

Speaker 2 (01:12:05):
Give yourself an aw You can have a long weekend
simply by drinking instant coffee, is what you're saying. Absolutely,
that's actually not bad at the end of it. What
do you believe, Katie, Well, I just.

Speaker 25 (01:12:18):
Don't believe those two studies you've raised this morning. I
just can't believe either of them are correct in any way,
shape or form. I think you're talking to probably an
older generation in the long tunal study. I don't believe
that that's current, even though they say they do it.
And I know we don't have time to dissect how
I think that works, but I don't.

Speaker 2 (01:12:35):
You've got you've got a long weekend.

Speaker 9 (01:12:36):
Now you guys can dig into the numbers. Get back
to us.

Speaker 2 (01:12:39):
What's going to be a great weekend? Can you promise
me over the next three days? Katie, you're not going
to raise this again?

Speaker 24 (01:12:45):
Will you raise it?

Speaker 9 (01:12:46):
I didn't want to raise it, but I just don't
believe Mike.

Speaker 2 (01:12:50):
I'm Mike, Mike. Lookout, lookout.

Speaker 12 (01:12:52):
It looks like she's going to give you a prejet mat.

Speaker 19 (01:12:53):
Wrong.

Speaker 2 (01:12:55):
Get the out and I'm going to your place. It's
a twenty three Welcome.

Speaker 1 (01:13:01):
The Mic Hosking Breakfast with the Range, Rover Villa News
Toms B.

Speaker 2 (01:13:05):
Now tell you what have you been waiting for the
right time to stock up on those big brand vitamins
your favorites. Time has come Chemist Warehouse Mayhem Mega sale
that's on right now in store online. Yes, yes, yes,
up to half price.

Speaker 9 (01:13:17):
So what have we got?

Speaker 2 (01:13:17):
We've got the Go Health. You got the Go Health
up to half price. You've got your Health frees You've
got your Neutral Life Vitamins up to half price. Live
Stream and Healthy Care Vitamins they're up to half price.
Nature's Weigh Clinicians, you've got it up to half price.
Black Moors and Sweets up to half price. It doesn't
stop there. You can find me Today and Nature's Wigh
Vitamins our for up to heart price. So this is
the sale you've been waiting for. All the bargains are

(01:13:39):
there in store or online. Stop paying too much, for
goodness sake, these great chemists Warehouse may Mega Mayhem or
Mayhem megasale that office that ends the fourth of June
see basically at the weekend. Teas and season exclusions apply,
but do stop paying too much with Chemists Warehouse make
My grandchildren brother and sister pulled their capital bought a
three bedroom house they share twenty four to twenty sixty respectably.

(01:14:01):
No help from the bank or mum and dad or grandparents.
It can be done with some sacrifices. Be us at
home with friends and good happy times. So you go
well done. That's a good story. That's an uplifting story. Mike,
my partner and I late twenties have just gone unconditional
on a standalone and pocketcoe, no help from parents or family.
We've been saving and slogging for years and have finally
got there. People my age are afraid of hard work
and always seem to want the newest splash of schedule.

(01:14:21):
It's a very good point. It's all about the attitude.
As I keep saying, if you believe you'll never going
to own a home, you never will, and if you
believe you can, you will. Murray's all over the place
because there's so much going on. We've got the gas
deal in Wa which is massive, which is ironic because
that's a labor government backing gas exploration. Wake up, Chippy.

(01:14:42):
We've got the Darwin Port thing which went from Chinese
to America. So it's all go Australia.

Speaker 1 (01:14:46):
Next news opinion and everything in between. The Mike Hosking
Breakfast with Bailey's real Estate, your local experts across residential,
commercial and rural news.

Speaker 12 (01:14:58):
Togs Head been we ought to.

Speaker 2 (01:15:00):
Worked a school, holidays at pack and Say from age fifteen,
had three part time jobs through UNI and now works
full time. Last year she brought a standalone three bed
in Glenfield, age twenty four. Well good on her, how
do you go to Union and have part time jobs.
I've had people at UNI, got people at UNI currently,
even on a regular sort of degree, Getting work of

(01:15:20):
any great substance strikes me as being reasonably difficult. And
I'm not talking about the type labor market. I'm talking
about time away from study. If you're serious about study.
I mean, obviously, if you're just asking about you can
gave you a job and you're not really at UNI,
are you. But if you're taking UNI seriously, getting three
part time jobs strikes me is somewhat impossible. But the
age of twenty four, well done, you can argue with that.

(01:15:41):
Twenty three minutes away from.

Speaker 16 (01:15:42):
Nine International correspondence with ends and eye insurance, peace of
mind for New Zealand business.

Speaker 2 (01:15:47):
Murray, how are you going, Michael?

Speaker 9 (01:15:50):
Very good morning? Clear, Yeah, pretty well, thank you. At
the end of the working week.

Speaker 2 (01:15:54):
So can you explain to me. I love the Warriors,
but I've never really understood the fascination of our state
of origin. But I look at the ratings this week
at three point seventy five to five million, it's a
record huge, Yeah, absolutely, it beats everything hands down, and

(01:16:14):
it's just like, what is it about it?

Speaker 9 (01:16:17):
I mean, well, look it, it's been around for a
long time, I think nineteen eighty eighty one, you know,
and they've had classic, you know, absolute legends of the
game down the years, Arthur Beats and Wally Lewis, the
list goes.

Speaker 2 (01:16:29):
On, and the legends for other things, weren't they. I
mean Wally Lewis Brisbane Bronco. He was like, that's that's
what he became famous for.

Speaker 9 (01:16:37):
But Origin, Origin has this special place and some of
the characters they were already big in the standard rugby
league competition when Origin became a thing. It was marketed,
stayed against State, made against Mike car and it's just
really it's taken its as a whole life attached it
to Origin.

Speaker 2 (01:16:56):
Well here's yeah, but here's my next point. State against State.
This was back in the days when it was only
two states playing the game. You go to Victoria. Now
it's big in Victoria, it's big in South Australia. It's
so how do you feel in Perth watching two states
that you don't care about play each other?

Speaker 9 (01:17:12):
And yeah, but don't forget the new Bears team in
Perth will have some Queenslanders in it. We'll have some
kiwis in it for that matter, and no doubt some
New South Wales people, so it's marketed as Queensland New
South Wales. I'm not surprised to see that enormous ratings
figure and what a spanking for Queensland. Come on the
Blues for it could have been bigger.

Speaker 2 (01:17:33):
I was looking old Colin Boyce. I don't know whether
Colin's famous, but he's a Queensland Nationals MP and I
like people who speak their mind one hundred percent disappointed.
I'm furious. So those Nationals, that whole National Libs thing
still looks to me, despite the fact they're back together
like a mess.

Speaker 9 (01:17:50):
Well there's a mess. It's a total mess. I mean,
both sides hate each other, particularly the way the split
was engineered by the Nationals leader David Little Proud. They
reckon he's on borrow time. His party room is furious
with them. He made them look like an absolute pack
of country bumpkins. And I mean, here's the thing, it

(01:18:13):
was never going to be a happy relationship given the
scale of the shellacking they copped the last election. The
National Party can rightly point to the Liberals and say,
you guys let us down. We hung on to our seats.
You guys are the ones who collapsed. And you know
that is a legitimate criticism. The Liberals, of course, hate
the fact that the Nationals and this little country bumpkin

(01:18:34):
rump who are now it's the tail wagging the dog.
Susan Lee's come out with her shadow ministry, Mike. You
can read the tea leaves. She's rewarded her supporters. She's
given the flick to turncoats like Jacenter Price, who was
then grizzling and mumbling, or I don't think it was
done on merit. It's never done on merit. It's always
done on factions. You know that. Well, she only been

(01:18:55):
there two minutes only, it's the first term, it's only
her second term in parliament, and yet she thinks she's
going to be Prime Minister next week. It's just ridiculous.
So what you've got now, she has demoted as Susan Lee,
the first female Liberal leader, has devoted a lot of
very high performing women who apparently did not support her.
They supported Angus Taylor and the leadership ballot, so they

(01:19:17):
have been shown the door as well. Look, it's a
mess anyway you look at it. Albert easy unless there's
some catastrophic blow up of the labor government over here.
I've got another two terms in office. There's no way
they can come back forty or fifty seats behind and
win government next election.

Speaker 2 (01:19:32):
Now, speaking of labor, I'm talking to Chris Hipkins this week.
He's the opposition leader in this country. I run into him,
so we're having a chat and I'm trying to educate him.
And so what I'm saying is, so what they did
is a labor government here is they banned all exploration
of oil and gas. Right, so how stupid guess what
happened there? Well, we ran out of oil and gas
and we second guess ourselves every cold morning in winter

(01:19:53):
because we don't have enough power. Yet there's a labor
government just across the Tasman. I say to Chris, just
across the Tasman, there's a labor government who give the
go ahead for gas production. Why do they do that?
Because people quite like the lights.

Speaker 9 (01:20:04):
On they do. It's a funny thing, isn't it. Twenty
first century, twenty twenty five, We do like a lights on.
That's why this Northwest Shelf project by Woodside Woodsides, the developer,
it applied. Oh if I said ten years ago it
wanted to expand this project out beyond twenty thirty. It
wanted an extra extension by forty years out to twenty seventy.

(01:20:30):
And that's exactly what this brand new, newly reindorsed Labor
government of Albanzi has given them. They're going to be
able to expand the development of this project up there,
it's six years a big department. That's how long ago
they applied for this extension. So they've got that out
to twenty seventy. Basically, what's going to happen. Woodside will

(01:20:52):
keep on operating this facility, it won't necessarily stay in
operation until that date. And there's not going to be
any new gas fields developed. So the Greens are saying, oh,
it's disgraceful fossil fuel blah blah blah. But Labor is
well aware, well aware that the rollout of renewables, wind
and solar power is not going as fast as they

(01:21:13):
would like. You're going to have to have something to
firm up that power supply, and no one is no
one anywhere in Australia, no banks, no superinnuation funds are
willing to invest in new coal fired power stakes. So
where's it going to come from. It's going to come
from gas.

Speaker 2 (01:21:28):
Mitright, and give us quickie, just real quick on this
Darwin thing, which was the Chinese had the lease election issue.
Now the equity firm out of America comes and who
what does Elbow want? Who does he care who owns
it or not?

Speaker 9 (01:21:41):
Yes, he does. He wants it in Australian hands. Doesn't
want Americans running it, doesn't want certainly the Chinese running it,
even though the Chinese ambassadors hit this week land Bridge,
which is the Chinese company, we have the deal, we
have the deal. We should be allowed to keep on.
You're cracking jokes, Chinese ambassador out of the way. For
some bizarre reason, this deal was signed in twenty fifteen,

(01:22:01):
giving a Chinese company a ninety nine year lease over
the most probably the most strategic port in Australia. Well,
alberiz he wants that back. He's made no secret of
the fact that went to the election saying this. Both
sides in fact went to the election saying this and
Australia a bigger pardon. Alberizi is now looking at Australian's
superannuation funds to step in and take over this lease.

(01:22:23):
He wants it in Australian hands. He's determined to get it.

Speaker 2 (01:22:26):
Do you have King's Birthday weekend at all? And if
you do, winners it?

Speaker 9 (01:22:31):
You know? I don't know.

Speaker 2 (01:22:34):
I think if we do, you have a queen birthday?
You must have had Queen's birthday? Well did you not?

Speaker 9 (01:22:39):
Yeah, Queen's birth I'm just not sure about her son.
I'm just not sure about the King. Look, if there
was a.

Speaker 2 (01:22:44):
Birthday Monday June, it might be in a couple of weeks,
even though I'm a royalist. Yeah, well, I mean, why
wouldn't you celebrate the King's birthday and second second Monday
of June, So that would be this this Monday week?

Speaker 9 (01:22:58):
It would be No, it would be Onday coming up.

Speaker 2 (01:23:01):
No, that's the second, first Monday. That's the first Monday, Murray.
The second Monday is Monday week.

Speaker 9 (01:23:05):
Oh, I beg your pardon. I'll find out, mate, I'll
take it away.

Speaker 2 (01:23:09):
So I've just given you a day off for the
second Monday for goodness saying I'm here to help me.

Speaker 9 (01:23:14):
Good. Thank you very much.

Speaker 2 (01:23:15):
You see Murray olds across the Tasman for us A forty.

Speaker 1 (01:23:18):
Five the Mike Asking Breakfast Full Show podcast on iHeartRadio
powered by News Talk, said.

Speaker 2 (01:23:25):
B just Monday week except for Queensland and WA when
it's in what do we say October? That's the federalism system.
It's a ridiculous system. Honda, by the way, have made
this is quite something. Cumulutive global production of motorcycles. They
hit this week five hundred million, half a billion, seventy

(01:23:47):
six years after they began mass production back in forty
nine of the dream D type. That's when words were
used properly, the dream. Because you aspire to something with
a word and dream, don't you, the dream D type.
That's why b ideas successful, build your dream. More than
twenty percent of those particular bites just one model line,
the Super Cub that came out in nineteen fifty eight.

(01:24:09):
Credible number of scooters. Never owned a scooter, only driven
a scooter twice. Never really liked them. That step through thing,
not into the step through, remember the step through again,
not really into it. Do you want to talk about
people who have kids who have bought houses, or how
the EV market's going to get up ended? I don't
know what to do. My daughter completed completed I'm assuming,

(01:24:29):
and architecture degree followed up with the design degree worked
through both. We couldn't assist her as parents. Although a
top five percent student, she didn't get a scholarship. They
seem to go to those whose parents could help anyhow,
currently working, has just been headhunted for a new position.
She's twenty eight. What a great story, Mike. Very much
depends on the degree you do. I did a b
com in marketing work fifteen hours a week in a

(01:24:49):
boo shop, no problem. Obviously, more serious degrees like medicine
are more demanding. My son's nineteen, just been preapproved on
a first home. I got them started in Kiwi Saber
about ten years ago, so it was nine that helped.
I've not charged him rent as here a great saver,
so I thought a better way to help him get ahead.
That's not bad going, Chris, well done you. I note

(01:25:10):
that the new guy in Germany Mertz Meritz. Everyone's pronouncing
it Mertz, it's Mertz. Anyway. He's looking at introducing a
saving scheme for six year olds in Germany. Solve a
problem long term, get the six year olds into it. Incredible,
isn't it? Smart guy? I think Germany's on the way Back.
Germany was once great, hasn't been lately, could well be

(01:25:30):
on the way back.

Speaker 1 (01:25:31):
Ten to nine The Myke Costing Breakfast with Bailey's Real
Estate news Dogs.

Speaker 2 (01:25:36):
There'd be We've all heard stories about cold damp on
healthy homes. You might have even experienced some of that
yourself are So it's times to say not to all
that nonsense. No to the windows crying condensation, No to
mold and mildew and allergy triggers. So the solution drier, healthier,
more comfortable home.

Speaker 9 (01:25:52):
How do you do that? Will you?

Speaker 2 (01:25:54):
You say a simple yes, yes, yes, yes to DVS
thirty years of fresh air insdale Erat technology. It's been
transforming Kiwi homes and lives. Of course, heat pumps, sinsulation,
extract a fans and the like. They're all part of
the healthy home puzzle. But without the DVS home ventilation,
your home can't breathe and that's what causes the condensation.
So it's not just for the older homes. New homes

(01:26:14):
are built tight, but they don't ventilate, right, So this
is where DBS comes in. They got the solution for
the new builds as well, So say yes to DBS.
Your healthy home is not complete without it. And where
do you go for this simple eight hundred dbsdbs? How
could satday eight hundred DBSDBS or online at DBS dot
co dot nz for all the help you need asking

(01:26:37):
awareness of potential. So I don't know, No, that's I've
come back to that one around time for ReBs today, Mike.
My daughter did a double degree law and arts did well,
worked into need in the whole way through. Not possible
for my daughter in medicine to miniasia. That's true. I speak,
I speak from I was going to say, I speak
from personal experience. I didn't go to med school, but
I have a daughter of his. By the way, mars
as in the Lolly people, not the planet. They've announced

(01:26:59):
that their take making the taking an ingredient out of
their skittles, the cizarfk for one of the color editives.
It's been banned in the EU for since twenty twenty two.
It's called titanium dioxide. Can you can you it's a
it's a color. Basically, can you believe if you eat
this crap that you eat willingly titanium dioxide? And they

(01:27:25):
take some titanium dioxide and they put it on the chocolate,
and they put it in a packet and they go suckers.

Speaker 12 (01:27:35):
Well, hang on.

Speaker 18 (01:27:36):
So we had doctor Olivy on earlier in the week
telling us to eat iron. We're not supposed to eat.

Speaker 2 (01:27:40):
Don't you go down that track with me.

Speaker 12 (01:27:43):
I'm just going to go off and do some of
my own research.

Speaker 2 (01:27:44):
Five minutes away from nine.

Speaker 1 (01:27:47):
Trending now with chemist well House, Maya megasales on now.

Speaker 2 (01:27:52):
Now the Big Beautiful Bill. This is Trump sort of
let's add some more money into the debt pile, which
is a weird thing giving such a conservative, but it
adds three point three trillion federal deficits over the next
ten years. Increasingly Republicans are against the fafili obvious reasons.
But fortunately, and this is Trump's genius, he has doctor,
if not Professor Emerisus Carolyn Leavitt with the truth.

Speaker 26 (01:28:17):
Growth will average three percent in the long run after
the one Big Beautiful Bill is passed, which is nearly
double the ridiculous CBO projection. This higher growth would result
in four point one trillion dollars in additional revenue over
the next ten years. Between the common sense spending reforms
contained in the one big, Beautiful Bill and the robust
economic growth that will be generated as a result of it,

(01:28:38):
there will be no increase to the deficit. The same
analysis from the CEA shows just how this historic package
will unleash prosperity and ignite a blue collar boom across America.

Speaker 2 (01:28:47):
She my kind of woman, love a woman with the figures. Okay, ConA,
you of that. Tell me what bit of that was wrong?
Tell me what bit of that she just might up?
Come on, what have we got this weekend? I'm just
having a look, by the way, Complete unknown. Just some
recommendation for the television viewing, Complete unknown. If you haven't
seen it yet, quite good, well worth it. You won't

(01:29:08):
disappoint yourself. And what else can I recommend? That's quite good?
I finished Tucci last night on National Geographic, five episodes
around Italy. If you like Italy, if you like food,
I like him. I like the food, I like Italy.
So it all gelled quite nicely. He had some bread
dipped in tomato last night, sort of fried up, and
I thought, ah, I love bread. Yeah, so what he

(01:29:29):
did too, So there you go. It's your kind of program.
We got the f one in Spain, so that's always exciting.
We've got the Crusaders beating the Brumbies. It'll be a
bit boring as far as they can work out.

Speaker 12 (01:29:40):
Be a great weekend for the Highlander is probably Yeah.

Speaker 2 (01:29:42):
Imagine being the Highlanders. Imagine imagine being our Highlander. Anyway
back on Tuesday at six o'clock, as always, Happy Days.

Speaker 1 (01:29:55):
For more from the Mic Asking Breakfast, listen live to
news talks. It'd be from six am weekdays, or follow
the podcast on iHeartRadio.

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