Full Show Podcast: 31 July 2025

Episode Transcript
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Speaker 1 (00:00):
Your source of freaking news, challenging opinion and honored backs.
The Mike Hosking Breakfast with Veda, Retirement Communities, Life Your
Way News togs had been hodding in.

Speaker 2 (00:11):
Welcome today the Killing Bank expansion. What does it mean
for competition rules and court? Says Odd Tomorrow. Shane Jones
on geothermal Jeremy Piven of mister Selfridge and non Voloplaine
Jeremy Ckenna in the summer heat of Italy. Rod Little
has a bit of something for us from Butler's Husky.
Now we're into it for Thursday seven, pass six to
tell you what The real story around the migration stats
that got all the headlines the other day was about home.

(00:32):
It's not the record number of people going to Australia.
Forget that. I mean that, to be fair is non
going concern and to be frank not one. I'm ever
sure we're going to fix the mean. Even in the
good old days. In those days, by the way, weren't
that long ago. The net loss was down to three
thousand in the years twenty fourteen through twenty nineteen. Just
think about that. Why was that? Well, the answer was
we had a government the random decent economy. Of course
they called it a rock star economy. Remember the Rockstar economy.

(00:55):
This is an inescapable political as well as economic truth.
When you run an economy properly, this opportunity, an opportunity
brings satisfaction. Since then, COVID and the Labour government blew
the place apart and we've been bailing ever since. But
back to the real story. It is to be found
in the overall migration growth, not just Australia. And when
you add up all the people who left to everywhere

(01:15):
and all the people who arrived from everywhere, that number
ladies in general is down to fourteen thousand. Is that bad?
My word?

Speaker 3 (01:22):
It is.

Speaker 2 (01:22):
At its peak it was about one hundred and forty thousand.
A lot of people thought that level the growth was
too high. I didn't. I mean, what this country needs
is more people, not less, but it was contentious among some.
It also, on the upside, showed a lot of people
saw us as attractive. That's never a bad thing, being attractive,
as valuable the many aspects of life I've found, don't
you reckon? Anyway, we're now down to fourteen thousand. The

(01:43):
real story being what if it reaches zero? Or worse
less than zero. That means we are shrinking. That means
we're going backwards. That's a disaster. Here's the real worry.
I worried about this. If you're a regular at least
a year ago, if not longer. But was reassured at
the time by experts it would never happen, the figure
would level out. Well, they were wrong, and I'm not

(02:05):
remotely reassured. A country losing population is a losing country.
It's a backwards country. It's a lost country. It's about attitude,
it's about reputation, it's about economic growth and prosperity. We're
on the verge of something potentially profound, and yet all
we could do was obsess about Australia.

Speaker 1 (02:20):
Why news of the world in ninety seconds.

Speaker 2 (02:23):
I suppose there could be a few asking, first thing
this morning, what all that tsunami stuff yesterday? Well the
answer is not a lot.

Speaker 4 (02:29):
When it came through, there's a lot of ups and down.

Speaker 5 (02:31):
So you get a wave and then a little bit
of a pause, and then another wave and this lasting
here for several hours.

Speaker 2 (02:39):
You travel in the UK has been a mess overnight.
They've had radar problems. No one's going anywhere.

Speaker 6 (02:44):
A captain had instructed us that there were seventy nine
planes queuing to take off at the Heathrows. So at
that point I think a few of us on board
here were concerned that we were not going to get
to Budapest this evening, and quite a few of Louse
Hamilton's team on board this play.

Speaker 2 (03:00):
You might recognize the voice Craig Slider, one of the
skiny if One people hitting up for this week in
if One, of course also in Britain by sigobye to
was he ran. He was a roadie for the band.

Speaker 7 (03:14):
The crowds, the response from the fans, I've never seen
anything like it, It's just unbelieving.

Speaker 2 (03:22):
What a great way to send us off. More protests
at migrant hotels as well as time in Manchester.

Speaker 8 (03:28):
I'm not racist, you know, it's about put in the
country first.

Speaker 3 (03:32):
He should be.

Speaker 9 (03:33):
We stopped the Germans and we can't stop.

Speaker 10 (03:35):
Lingas he's very frightening, I think.

Speaker 8 (03:37):
So we're just here to show support for the refugees
in the hotel.

Speaker 2 (03:40):
These people are desperate and still some chat and Brittain
abus stamers threat yesterday to recognize Palestine and the Israelis
don't get direct together. The Palestinian ambassador, of course, he
loves it.

Speaker 11 (03:50):
It will have a serious consequences on the relationship between
two states, two equal partners, and how do we deal
with each other in the International Forum.

Speaker 2 (03:59):
Finally, Athletics is introducing a gene test before you can
compete in the female category. It is either a cheek
swab or a blood test. You'll only and never did
you only even need to do it once. Zeb Co
says it's clear that gender cannot trump biology. It will
be introduced on the first of September. That's ahead of
the World champs and that is news of the world.
In ninety boy, the economy, the economy, the economy parlor

(04:20):
has spoken more shortly, Eurozone expanded zero point one percent
for the second quarter, just got some growth. Germany in
fact went backwards. Meantime, the US had a very nice
number over nine three percent for the second quarter. But
as I say, more from mister Powell in a moment
eleven past six.

Speaker 1 (04:36):
The Mic Asking Breakfast Full Show podcast on iHeartRadio Power
by News Talk SEP.

Speaker 2 (04:44):
Inflation redoun of Australia yesterday to two point one. They
thought it could be two point two, So it's really
at the bottom end of that two to three percent band.
So I think they'll probably take that fourteen past six
money j my Wealth Andrew Keller had good morning, very
good morning.

Speaker 12 (04:58):
Line.

Speaker 2 (04:58):
No change isn't the news the new users That wasn't unanimous, Yeah, exactly.

Speaker 5 (05:02):
So this was the Federal Reserve overnight have held their
meeting of what they're going to do with the Fed
funds rate, and of course the backstory so this is
this kind of pressure coming from the Trump administration to
get those interest rates lower.

Speaker 13 (05:14):
Now that context is important here going into this.

Speaker 5 (05:18):
I think Bloomberg had they had surveyed one hundred and
two economists and ninety nine of them expected no change,
So the fact that there was no change was not unexpected.
But yes, you're right, there were two dissensions to two
members of that committee said that they should have dropped
the rate. That hasn't happened since nineteen ninety three. So
this clearly we're coming to a sort of an inflection point,
aren't we. They also changed some wording. Whereas they'd sort

(05:41):
of been a little bit more bullish in their language
around growth previously, they've now said that economic growth was moderating,
So there's a change in slight change in tone there.
I think we're going to get a slightly more color
to this in quarter of an hour when Jerome Powell
and talks to the press conference. But you know, the
context wasn't earlier on because a lot of data out

(06:02):
I think you've just talked about this and they got
quite a good GDP read and there was expecting that
that would come in.

Speaker 13 (06:08):
Well it's come in just under three percent.

Speaker 5 (06:12):
The statistical quirk in there, though, is that underlying demand
was soft, so you've actually seen declining imports, which is
no surprise skin what's happening on tariffs. That actually helps
the GDP outcome. But within that data, Mike, consumer spending
was very weak one point four percent growth and consumer
spending that's the lowest level of spending growth since the pandemic.
And I think you are I think Power will gear

(06:34):
up now to actually talk about cutting rates maybe in September.

Speaker 2 (06:38):
Okay, and then we come back home. Do we have life?
Is there anything there at the end of the tunnel.

Speaker 13 (06:43):
This is the antient business outlook.

Speaker 5 (06:45):
Well, at the headline, the business confertence did lift a
little to a net forty eight percent, and that's forty
percent expecting better business conditions, so lift of two points.
But look, business outlook is quite elevated, although it has
come off recent highs.

Speaker 13 (06:58):
Expected own activity flatlining, but.

Speaker 5 (07:00):
Still quite optimistic at forty percent past own activity. This
is the best indicator of GDP, and we've got a
very different outcome here from what's in the expectations MIGHT.
We've talked about this plenty of times before, about the
difference between the air and now and where people think
it's going to be.

Speaker 2 (07:17):
Right now.

Speaker 5 (07:18):
I think when you look at this, you sort of
see soft demand, particularly in retail, manufacturing, construction. There really
are the senses of softness. We've talked about employment as well.
In the last couple of days, reported plus reported past
employment is negative for all sectors, very evident in the
retail sector.

Speaker 13 (07:37):
The thing is all these sectors MIGHT.

Speaker 5 (07:38):
They had been improving, but the trend has turned and
most of most sectors now that employment trend is heading downwards.
One piece of interesting detail and here residential construction. The
authors use the word capitulation because the long way of recovery.

Speaker 13 (07:54):
Has not transpired. That index fell from forty four point
eight to sixteen points seven, so a big drop.

Speaker 5 (08:02):
In other words, the optimism has been sort of sucked dry.
The key point though, is you've got this continuation to
trend of forward looking indicators for things like growth, investment, employment,
clearly are odds with the hair.

Speaker 2 (08:13):
And now okay, then you got Main Freight they're feeling
it as well. Yeah, main flate.

Speaker 5 (08:17):
So they had an AGM yesterday, Mike, and there was
a couple of big moves on the insectssday had Main
Fright and similar Sinlay fell seven point seven percent, quite
a choky move, but Main Freight fell just under ten percent.
That is a large move for one of the larger
stocks on the NSECTS fifty, so market giving up a
lot of recent games. That share price has nudged over
seventy Bucks in Dunes closed its sixty dollars yesterday. So

(08:39):
at the AGM they confirmed the FY and the financial
year twenty five result, but the focus was really coming
in on their trading update for the start of this
financial year and the words the current trading conditions have
been difficult.

Speaker 13 (08:54):
Tariff a tariff.

Speaker 5 (08:55):
Uncertainty gets and mentioned. They talked about a slow and
disappointing start.

Speaker 7 (08:59):
So the year.

Speaker 5 (09:00):
The market that likes to hear that they do though,
expect ongoing improvement, particularly in the second half of the year.
And what I find really interesting in this, Mike, is
the revenue was actually up, so they've not goten this
show on revenue, but their margins getting squeeze, so profit
before takes twenty four percent low.

Speaker 13 (09:14):
That's quite a material move.

Speaker 2 (09:15):
Okay, quick word on Kiwibanker is this is this? Is
this the catalyst? Is this the magic?

Speaker 1 (09:21):
Well it could be.

Speaker 13 (09:22):
We don't have any details.

Speaker 5 (09:23):
There's an extra five hundred million of capital, no details
here on how that's going to be risen. But look,
I think look, mister Yukovich says, THEO good made of mine.
I think you can now go head out and have
a bigger crack at Ossie owned competition.

Speaker 13 (09:34):
And I think that's good.

Speaker 2 (09:35):
Yep, you can't argue with it.

Speaker 13 (09:36):
One of the numbers dal Jones. Look, their markets have
sort of lifted a little. They lifted a little bit
after the fair settling down.

Speaker 5 (09:42):
Now the dal Jones at the moment is pretty flat
on the session forty four thousand, six hundred and thirty six.
The S and P five hundred is up abouto point
two percent sixty three eight three, and.

Speaker 13 (09:51):
The Nasdak sort of was all up almost.

Speaker 5 (09:53):
Half a percent, a little bit below that now twenty
one one hundred and eighty eight, which is uper point
four two of a percent. Currencies, though we're seeing continuation
of stronger dollar, stronger US dollar, So the New Zealand
dollar against is weaker point five nine two to two
point nine one sixty six against the ossie point five
one five nine euro point four to four five six
against the pound eighty eight point one five. Japanese yend

(10:15):
gold is trading at three thy three hundred and one dollars,
but Brent Crewd continues to just drift higher seventy three
dollars and sixty one cent.

Speaker 2 (10:23):
Go well mate, Si Tomorrow, Andrew kelliher Jmiworld dot Co,
dot mz casking Goldia Happy Gilmore. I was good biggest
Netflix opening ever, forty six point seven million over three
days twenty one through twenty seven July. Views are defined
as total hours watched divided by total run time. It's
his biggest movie. He puts all those movies on Netflix

(10:43):
these days, and this is the way of the future.
So more, I mean forty six point seven million. That's
just America. By the way, that's well in excessive ten
percent of the population, which is extraordinary. Six twenty your
News Talk two.

Speaker 1 (10:55):
Bod the My Costing Break full show podcast on iHeartRadio
powered by News Talks.

Speaker 2 (11:04):
At me Jerome Pal shortly for you will get the
update Trade deals. Lutnik says, trade deals for quote unquote,
the world will be done by Friday, which is Saturday
our time for the the world. China is going to
take a little bit longer. So the world includes us.
Of course, whether it's going to be fifteen or twenty,
it's going to be fascinating. Trump's thrown twenty five percent
in India and a penalty for their Russia trade. They've

(11:26):
been buying oil like this note tomorrow. He didn't specify
the penalty part of it, but twenty five that was
supposed to be a deal. So the deal's gone nowhere.
Addie Dash I have said tariffs, yes, three hundred and
eighty seven million dollars. It's costing our company, one shoe
company three hundred and eighty seven million dollars. Twenty seven
percent of their shoes are made in Vietnam. Nineteen percent
are made in Indonesia, so they're going to have to

(11:47):
put the price for Addi Dash shoes up to American Spotify.
They've had a bad day, came up short, AD supported
revenues dipped, so they brought in just a bit over
four billion euros. But things aren't going their way. And
Gucci or Kerring, if you're into the fashion sector and
the luxury fashion sector, it's interesting because they are bleeding

(12:08):
big time company. Keering owns the lot, but Gucci makes
up half of what Kerring do and Gucci if tanked,
they're down twenty five percent are led by Asia Pacific,
which is US in Japan. We're not into the Gucci anymore.
Alissandro Michelle and I kept telling you at the time,
Alisandro Michelle was a genius and he came to Gucci
and he literally revolutionized them. And for a while there,

(12:30):
if you traveled around the world and went to the
major Gucci outlets and places like Los Angeles in London,
there would be ques outside the door before the store opened.
There'd be ques there all day long. You couldn't get
enough Gucci. Now it's all changed. The jazz shoe I'm
reading this morning's BacT, not just Gucci, just generally in
the fashion walkways of Europe. The jazz shoe. Mick Jagger's
wearing a jay shoe, which goes to remind you yet again,

(12:52):
just because it's allegedly fashionable doesn't mean it's a good
idea six twenty five.

Speaker 1 (12:57):
Trending now, chemist ware else keeping Kiwi's healthy all year round.

Speaker 2 (13:02):
Now, the thing about Donald's trip to Scotland you might
have missed is he opened the golf course and he
attempted a Sean Connery accent.

Speaker 11 (13:09):
I just want to thank everybody. This has been an
unbelievable development the land. They said it couldn't get zoned,
it was an impossibility, and Sean Connery said, let the
bloody bloke build his golf course. Once he said that,
everything came into line. I want to think, by the way,
the Prime Minister was here last night and was really
very gracious and loves the place, loves the area. So

(13:30):
I just want to thank you very much for coming.

Speaker 12 (13:32):
Now.

Speaker 2 (13:33):
Trump confirmed that he had practiced the impersonation. Because you're
obviously listening to that game, Well what impersonation was that?
It wasn't impersonation? Was it an impersonation.

Speaker 11 (13:42):
Let the bloody bloke build his golf course.

Speaker 9 (13:44):
Not he's just saying I just assumed he was just
quoting him.

Speaker 2 (13:48):
I didn't just saying. He was just saying some random words.
Unfortunately I've got some. This is the zero small business
data sort of dovetails into what Andrew was saying a
couple of moments ago. It's down, but I mean, if
it wasn't for the farmers, this is material. Agriculture is
up ten point nine. They are up eleven in the

(14:12):
March quarter. This is for the junequarter, ten point nine.
They're up eleven in the March quarter percent. They are
up fifteen percent in the December quarter. Add those numbers
together and compare it to the zero point one percent
down that everyone else is. So, in other words, their
success hides or masks some real issues in the economy,
which does take us back, given we're talking about central

(14:33):
banks this morning in Jerome Power, it does take us
back to what does the RB do in August. Yes,
they're going to cut twenty five points, but is it enough?
Because you can't just have the farmers making money and
no one else making money, and everyone else bleeding and
the jobs being a problem, and the Reserve Bank going, oh,
look at the farmers, Well, what's your problem. Inflation's down,
that's all we look at. So there's something not quite

(14:54):
right about the economy. So we will not that I
need to tell you that of course. Anyway, we'll talk
to the zero country mana Jie Bridget selling back on
the program. Out of the News, which is next? You
run the mic hosting brick to celebrate.

Speaker 1 (15:10):
The news and the news makers, the mic hosting breakfast
with the landro of a discovery never Stop Discovering news
talks head based.

Speaker 2 (15:19):
No chine from the Faith just to ruin Trump's dieh
is Pow.

Speaker 14 (15:22):
Changes to government policies continue to evolve, and their effects
on the economy remain uncertain. Higher tariffs have begun to
show through more clearly to prices of some goods, but
their overall effects on economic activity and inflation remain to
be seen. A reasonable base case is that the effects
on inflation could be short lived, reflecting a one time

(15:44):
shift in the price level. But it is also possible
that the inflationary effects could instead be more persistent, and
that is a risk to be assessed and managed.

Speaker 2 (15:55):
Doesn't worry you if you say sh'll want and didn't appeal.
That might have been drammatically incorrect. And he is the
bed chair twenty three minutes away from seven go to
Italy and Joe mcckenner in a couple of moments. Now,
small business dat up of the June quarter sales still
flat overall, down zero point one percent year on year. No,
but check the regional divide out a Targo up three
point nine, cannibal be at one point eight, which means

(16:16):
someone went backwards. This time it was northmand Wellings and Northland.
Bridget's snelling a zero's country manager back with us. Bridget,
very good morning to you.

Speaker 13 (16:24):
So morning mate.

Speaker 2 (16:24):
If you look at the AD ten point nine eleven
and March fifteen and December for the quarter, I mean,
are they doing all the lifting or just a lot
of it?

Speaker 12 (16:33):
Well, they're doing a lot of it.

Speaker 15 (16:34):
I mean I think that the data, the Zerosol Business
Insights data is showing us that agree is having a
really strong bounce back. That data is really impressive, but
unfortunately other sectors are not faring so well.

Speaker 2 (16:46):
Right, So one point one overall this is one point
one up in the March quarter, so we're down smidge.
What's happened there, do you think?

Speaker 15 (16:53):
Well, yeah, we're down three point one percent for the
March quarter, and that does continue a twelve month trend
of underperformance for small business sales.

Speaker 16 (17:01):
So we you know things.

Speaker 15 (17:02):
I think what it's telling us is that things are
still pretty tough out there. We're not seeing the economic
recovery for sneeze that we would hope to have seen
from the ocr cut. So you know, we've seen in
June it's down, but actually the month of June itself,
in that quarter, we were up.

Speaker 2 (17:18):
Well, I was going to ask you about that. Four
point four is huge compared to what the overall number is.
What happened in June?

Speaker 15 (17:25):
Well, I've been asking myself the same thing. Yeah, there's
nothing in particular in the data to tell us exactly
why June has been so much stronger than April and May.
But so I think we can say, well, maybe there's
some green shoots here, maybe there's a little bit of
sign of recovery, but it's certainly certainly overall for the
past year, things have been still pretty tough for KII
small business.

Speaker 2 (17:44):
We'll know for once the July August ten and numbers
come in long term average that's six point three, so
that tells you where we've been at six point three,
So zero point one. We really are wading through mud here,
aren't we.

Speaker 15 (17:55):
Yeah, that's right, we're sort of flat lining, I guess
you could say, and we are you know, this as
well below the long term national average, as you've said,
and we are lagging behind Australia which has grown three
percent in that quarter, so we see that we have
still got sales weekness and as you said that obviously
it's concentrated in the North Island. South Island is performing
better and agri is leading the way. So those are

(18:15):
other sectors that are more sensitive to consumer spending and
interest rate. It's like construction obviously down and quite significantly
down six point four percent, retails holding flat, hostpos down
two point one percent, so you know they are there
are still really tough conditions for those smeths, and obviously
with constructions to climb, that's construction is obviously such a
big sector in the economy and has a much broader
economic impact. So I think that's definitely one that we're

(18:37):
watching closely.

Speaker 2 (18:38):
And here's the problem your main sentence, I mean, Auckland
and Wellington. Wellington's down three point one, Aortands down one
point three. I mean that's the Auckland, especially massive populations.
You if your engine's not working, you're in trouble, aren't you.

Speaker 16 (18:49):
Well, that's right.

Speaker 15 (18:50):
I mean most of our small businesses in New Zealand
and are concentrated in Auckland. Obviously Wellington you know, as
well being a slight smaller city. But yeah, obviously all
Clanders we want to see strong economic activity. So certainly
I concern that Auckland's not faring so well.

Speaker 2 (19:06):
For with all the people you talk to, what this
green shoot talk that's been going on all year, do
you believe it? Is it real or is it just noise?

Speaker 15 (19:16):
Look, I think for some businesses it's real. But most
of the businesses that I talk to are still finding
things really tough, and actually some of them are super
frustrated that there is chad of green shops when they
are not yet experiencing it themselves. So I think it's something.
You know, we are obviously had a very unstable global
economic situation right now. I think there's a lot of

(19:37):
consumer uncertainty and so probably people are not feeling confident
to spend or you know, as they may have done
it in a more prosperous economic time. So that's impacting SPAS,
right because obviously they're ninety seven percent of our economy.
They're really feeling the pinch.

Speaker 7 (19:53):
Sell.

Speaker 15 (19:53):
So it's still still really important. All those messages we've
been saying for a couple of years now about helping
smith to plan ahead, watching care, slow paying, and voices
as soon as you can to help with a business's
cash flow, those things still really apply it. It's basically
not out of the woods.

Speaker 2 (20:09):
Excellent insight. Bridget appreciated as always, Bridget Snelling. Who's the
zero country manager with us this morning? Nineteen minutes away
from sevens like mystery Creek field days in June? Mate, Yeah,
could have Glinn. This is just a taste of Just
got an alert about the tsunami warning in christch Mike, Mike,
how's your tsunami warning? Very atmospheric river, isn't it? They
should close the bridge? Just got the emergency alert? Are

(20:31):
you serious? Civil defense? It's in Russia? Normal swellers worst
iff s Mike, Another alert on my phone. The government
can pess right off banks this morning, morning, Mike, for
the love of God, can you make the emergency alerts
for a non existent emergency stop. I've received my fourth
and twelve hours Mike, another one of those stupid alerts

(20:51):
five minutes ago in Wellington, wat and so it goes
might have an imaging issue there, I think eighteen minutes
away from seven.

Speaker 1 (21:00):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talk Zippi.

Speaker 2 (21:07):
Sharses are into crypto as of next month, as in
tomorrow some time toay. It's not tomorrow exactly, but sometime
in August they're going to launch. So if you're into crypto,
it's a growing thing. It seems to be increasingly accepted. Anyway,
you can sign up to a waiting list. If you're
into cheersies, they're going to partner with a crypto platform
and they're going to deal in bitcoin and ethereum. Be
interesting to say risk factor, you know, she's risky six forty.

Speaker 17 (21:30):
Five International Correspondence with Ends and Eye Insurance, Peace of
Mind for New Zealand.

Speaker 2 (21:36):
Business and Everie. John McKenna, very good morning to you,
good money made. I didn't know there was a Russia
pobes list.

Speaker 4 (21:42):
Yeah, well it.

Speaker 8 (21:43):
Seems to have been drawn up by the Russian government.
The Foreign Minister lover of and unfortunately the Italian President
Sergio Montarella, the Foreign Minister Antonio and Tayani, and the
Defense Minister Guido Corosseto are included on that list of
Russia pobes. So mister George Maloney has gone on the attack.
The Russian ambassador was summoned to the Foreign ministry today,

(22:06):
and the Italians are not too happy about it.

Speaker 2 (22:08):
No, what do you have to do to be a
Russia fobe?

Speaker 7 (22:11):
Do we know?

Speaker 13 (22:11):
Now?

Speaker 11 (22:11):
Well?

Speaker 8 (22:12):
I think the main thing was that a couple of
times the President has made a couple of statements in
support of Ukraine and been a little bit dismissive of
the Russian activity there.

Speaker 10 (22:25):
To be honest, I can't.

Speaker 8 (22:26):
Quite recall specifically, but there has been some criticism, as
we know, and Maloney's been very strong on her support
for Ukraine and she reinforced that today.

Speaker 10 (22:36):
So I think all of that upsets the Russians.

Speaker 2 (22:38):
Do you have a lot of Russians with getting visus Well?

Speaker 8 (22:41):
Apparently, according to the latest figures from Brussels, Italy has
seen the largest increase in Russian tourists eighteen point nine
percent increase over the past year. Now they're not coming
in through the EU. They're coming in through Turkey or UAE, say,
through the back door.

Speaker 10 (23:01):
But when I.

Speaker 8 (23:01):
Approached the Foreign Ministry, they said there is a distinction
between our support for Ukraine and the fact that we
don't want to stop Russians coming to visit here.

Speaker 2 (23:11):
So I thought that was interesting, very interesting. So where
are you at? So the EU deal? This is Trump
of course, So the EU deal has got to go.
I mean, it's got to go through all twenty seven countries.
I don't know how this whole thing's going to work.
Does anyone in Italy? If I ask one hundred people
in the main street of Rome, what's in it? What
are you paying? What's in what's Does anyone know what's
going on?

Speaker 13 (23:31):
Look?

Speaker 10 (23:31):
I think most people think it's bad news.

Speaker 8 (23:35):
We're certainly seeing a lot of news about what it's
going to mean for agriculture, wine, exports, pharmaceuticals and machinery
and so on.

Speaker 10 (23:45):
But I was at a party last night.

Speaker 8 (23:46):
I couldn't believe that there was an outpouring of vitriol
against the European Commissioned President Ursula Vonderleine. She they think
that she's thrown Italy under the bus, and it certainly.

Speaker 10 (23:58):
Looks like the EU has caved in.

Speaker 8 (24:01):
Maybe they didn't have a choice, but apparently that special
relationship between Prime Minister Georgia Maloney and President Trump meant
nothing at all.

Speaker 2 (24:09):
It didn't seem to make much difference, as anyone got
to the bottom of And I've asked other people about this,
no one seems to know. So Vandalin turns up at
the Scottish golf Club the other day. Trump goes, I
don't know whether we're going to get a deal. It's
fifty to fifty. I hope we can do a deal.
Then like three and a half minutes later, a deal's done.
I mean, how does that work?

Speaker 10 (24:27):
How does Donald Trump do it? I don't know too
wed but I think it was.

Speaker 8 (24:31):
Terribly embarrassing for the EU. I don't think they had
a lot of choices. And where do we go next? Well,
the Maloney government's talking about creating a special fund now
to support businesses because we're very worried about the economy here.

Speaker 2 (24:44):
Okay, Now, how many parties do you go to on
a Wednesday night, Joe. This was the revelation of the
morning you're at a party, doesn't a midweek party.

Speaker 8 (24:52):
People have gone nuts because it's summer, so they're having
a few cocktails on the balcony.

Speaker 2 (24:56):
Nice. Oh, very enjoyable. Now the cyber tourism, you see
it still, yeah, I.

Speaker 8 (25:01):
Mean complaints across the country. I mean, you can't have
it both ways, can you, Mike. You want the tourism,
you want the hospitality industry to function. But we're seeing
a lot of complaints from the Dolomites to Venice and
port Afino.

Speaker 10 (25:13):
We talked about last week, but I noticed a lot
of tourists.

Speaker 8 (25:17):
Are flocking to the Italian Alps and cramming the hiking paths,
and some of them are not really very experienced.

Speaker 10 (25:25):
We've seen some deaths and some injuries there.

Speaker 8 (25:27):
But four farmers have set up a little turnstyle on
one route where a walking path, trying to charge the
tourists and limit the numbers. But one of those places
had eight thousand people on a single day last week.

Speaker 2 (25:40):
Wow, that's ridiculous. All right, another party tonight, Joe, are
you taking it easy?

Speaker 10 (25:44):
Taking it easy?

Speaker 12 (25:45):
Sight on?

Speaker 2 (25:45):
You will catch up next week. Joe McKenna in Italy.
Cocktails on the balcony in Rome. I mean, come on,
that sounds fun, doesn't it Just done? Mike, I'm forty
k's from the coast and had two Tsunamia at six
thirty six to forty four this month. To be fair
to them or to defend them, we don't have a sophisticate,
sophisticated enough system. I mean, you haven't dropped them a pin.
They don't know where you are. They just send it

(26:07):
out to everybody, and with the hope that if you
happen to be wandering by a sea shore sometime where
you're stuck on a boat, then you might be getting
the message. And the rest of us, of course, the
majority of us particularly bothered by it. Ten away from seven.

Speaker 1 (26:18):
The Mike Hosking Breakfast with Bailey's Real Estate News dogs'd
be got.

Speaker 2 (26:23):
The good news. Andrew mentioned it and this shear's got
whacked yesterday. But in general, and we've done it a
bit on the show, Simile Milk has had a whole
bunch of problems I won't bore you with. But anyway,
they came out yesterday and they're going to report they
expect to report a big lift in their underlying earnings.
I mean, they're in dairy. If you can't do well
and dry at the moment, you shouldn't be in the
dairy business. But anyway, they made a reason, a sort
of a positive ish announcement. They needed money, and they

(26:45):
made a boat and all that sort of stuff. But
it seems to be coming right. And Paper Plus for
reasons that I've never quite got to the bottom of,
and I suppose it doesn't really matter, but they ran
into trouble, but they returned to profit and they've renegotiated
their loans with the they raised some new capital and
the total sales rising, and so things are looking up

(27:07):
for Paper Plus because we all know paper Plus. I
think we all like paper Plus, don't we? And we
all want, you know, businesses that have been doing a
bit poorly to do a bit better. We're six away
from seven PA, the ins and the ouse.

Speaker 1 (27:19):
It's the bizz with business fiber take your business productivity
to the next lest boy.

Speaker 2 (27:24):
Got some car talk for you. The tariffs are there
were a nightmare, so we told you last week. GM's
taking a one point eight two billion one point eight
two billion dollar hit to their second quarter earnings. Expects
it to get worse than Q three stillantis. That's everything
from Dodge to Maserati to Welfa. Tariffs of cost in
five hundred and eighty so far million It was expected
to be a two point nine billion dollar hit over all.

(27:45):
The new figures show net revenue fell thirteen percent of
the first half of the year and they've had a
net loss of four and a half billion competed to
a profit of ten point nine billion this time last year.
I mean, just think about those two numbers. Last year
making ten point nine billion profit this year this time,
you're making four half million dollars loss. I mean, just
to do the math and look at the swing in that.
I mean, it's extraordinary this morning. Now we've got Porsche,

(28:05):
we got Aston, and we've got Mercedes. They've all got trouble.
Mercedes inning before takes down sixty eight percent for the
first six months of the year. They anticipate revenue for
the year to be quote unquote significantly lower. Porsche, the
tariffs have cost them seven hundred and seventy five million
so far. They've been priced protecting for the customers. But
that's about to end. So you nine to elevens just

(28:27):
suddenly got more expensible. Will but only in America. They
only did this only for America. Do understand this isn't global,
This is for America. The profit was one point nine
billion Porsche. That's for the first six months of the
year globally, compared to six billion last year. So they've
gone from six to one point nine. I mean there's
a hit. Volkswagen have flagged two and a half billion
a hit to their operating profit ASTON. They've had a

(28:48):
twenty five percent fall in revenue for the first six
months and operating loss of twenty seven percent compared to
last year. So what do you do when your costs
are higher and your profit isn't strong. You pass it on.
Of course, Porsche announced the price increased US only between
to two point three and three point six percent. Aston
abraves their prices for US customers by three percent. Ford

(29:08):
are going to report their Q two earnings after the
bell today. That's about eight out time. But they said
earlier they were expecting a two and a half billion
dollar hit to their twenty five profit before they dropped
their forecast for the year entirely because they said predicting
the future with tarifs has become too hard. So I
don't know how this is playing out in America at
the moment because everyone's up in the air and no
one's got a clue what's going on. But at some

(29:29):
point there's about three hundred and something million Americans who
are going to buy a car or going to buy
a pair of poomas or a pair of Addi Das
awesome Lulu Booboo dolls or whatever the hell they are,
and they're going to go they seem like they're a
bit more expensive than they were last year. And then
they're going to say, but Trump said, China will eat them,
and Porsch will eat them, and everyone will leat them,

(29:50):
but I won't be any worse off. And yet suddenly
I am. And that I think is ultimately where it's
going to start to go a little bit wrong. Right
care we bank half a billion? Does half a billion
shift the market in terms of banking competition? Have a
look at this in a moment after the news, which
is next, You're on the My Costing Breakfast.

Speaker 1 (30:06):
Person, Maazarni, the only report you need to start your day.
The Mic Costing break best with Bailey's real estate all
together better across residential, commercial, and rural news togs Head be.

Speaker 2 (30:19):
Only seven past seven to movement and banking. Kiwi Bank
have got the green light for a half billion dollar
capital injection. This is part of the government's idea that
if Kiwibank gets a bigger book, they can lend more,
grow more, provide more competition in the sector. Sam Stubbs
as the founder of Simplicity Kiwi Saber and it is
with us, Sam, Morning Morning, make your scheme be in.

Speaker 12 (30:37):
Look at the right price.

Speaker 18 (30:38):
Yes we would and as long as we knew that
this was just the first step down a journey of
getting que bank could be really big because five hundred
million dollars sounds a lot, but in banking terms is
just to drop in the ocean exactly. Quev Bank would
need to raise between ten and twenty billion dollars to
seriously take on the Aussie.

Speaker 2 (30:52):
So will there's the money be there, Jinny?

Speaker 18 (30:54):
Do you think, oh yeah, it will be matte If
you look at QQ server managers right now, Mike, if
they kept their allocation to New Zealand at thirty percent,
which is where they are now, in the next twenty
five years, they've got almost three hundred billion dollars to
invest in New Zealand, so very we could very very
easily recapitalize q Evan. By the way, we could also
build every school, hospital, road power station we needed. This

(31:17):
whole infrastructure episode can be now funded by Kiwi Saber.
It just takes time.

Speaker 2 (31:21):
You need return on the money. As far as what
will will it even if you could get the money
to Kei we Saber and the volume you want, does
it change the banking market.

Speaker 18 (31:31):
It changes the banking market slowly over time, Mike, So
that there's no magic wand here. Kmibank has been undercapitalized
for a couple of decades. Now it will take time
to get it up there. Look, in the worst possible circumstance,
let's pretend KIV Bank becomes really big and it just
starts behaving like the Aussies. Right, so you have five
banks making superprofits, not four. Well, at least one of
them those profits will go back into our Kiwi Saber, right,

(31:53):
so you know we need at least one really really big,
hairy national champion. I do think it'll bring pricing pressure
into to the market. There's very little of it right now.
But this is going to take time. It's going to
take lot, you know, plenty of money, but at least
we started the journey, you know.

Speaker 2 (32:07):
Okay, the main push for them needs to be where domestical, commercial.

Speaker 18 (32:13):
Both The the easiest thing pretty bank to do is
to lend on first mortgages. That's not necessarily where I
think we most need the money. I think I think
it's the commercial sector and the rural sector probably need
need that money more because that's where the Aussie banks
have been pulling out because it's just been so easy
to lend on on first mortgages. So there's also really
really good margins there as well. So that's where I

(32:35):
would like them to be focused if they got the
additional money. But of course they'll have their own board
and make up their own mind. But the most important thing,
Mike is that you know, we need more We need
more competition and we just don't have enough competition.

Speaker 2 (32:46):
Good stuff. Appreciate at Sam Stubbs, who's with simplicity. Of course,
it's ten minutes past seven now ask getting to the
courts where we've updated protocols for judge alone trials. They'll
be implemented nationwide from tomorrow. It involves teleconferences between prosecution
and the fence. Three weeks before that try to help
streamline the process. We've also got progress on sentencing adjournments.
They've dropped from thirty six to twenty nine percent, with

(33:06):
nearly twenty nine hundred few It delays all of the
sounds reasonable. Nicle the Key's the Minister for Courts with
of course, and is back with us. Very good morning,
Good morning, Mike. As all of this come together as
this material, we are getting better and tracking will Is
that fair?

Speaker 19 (33:21):
Yes, We're on the right track. I mean this is
a mammoth task trying to speed up the court system,
and I think we've been trying it over successive governments.
I think where we've really won with this one is
having the Chief District Court Judge timnu come in and say,
I'm going to get on board with what the beehives directing.

Speaker 7 (33:40):
How can we do this?

Speaker 19 (33:41):
And he's come out with some really good timeliness protocols, programs,
case review hearing and if I can, Mike, just let
me run through very quickly what it all means. So
three weeks before a trial, as you said, Register of
the Court's going to contact the prosecution and defense and say.

Speaker 1 (33:59):
Are you ready to proceed?

Speaker 19 (34:00):
And if you are, what's the priority? Has this person
been on remand for a long time? And if that
person has, let's put them first, and then I'll set
the hearing down. Then it'll get to the day of
the trial. And when we have the day of the
trial instead of it's starting at ten o'clock in the
morning and the judge's right, is everybody ready? The judge
is going to start at nine or nine point thirty,

(34:20):
go through all of the cases that are there and
say are these people ready? And have we got the
priority right? So those that have been on remand get
heard first, and when they say yes, we are or no,
this one's not. This guy's going to change his mind
and he's now going to plead guilty, he actually comes
off that list. And when he comes off that list,
it frees up the space for someone else. So those

(34:41):
people will know when through the day that they will
be there. And further to that, with the case review
notes or hearing guidelines that's going to come out on
Friday as well, it means that if a person says
I plead not guilty within ten days, the registrar is
going to get hold of the prosecutor and say what's
your evidence for this, just to check whether or not
it's the case that's worthwhile going through and where we've

(35:04):
piloted it, we've seen good results. So this, on top
of the other changes we're making, it's going to make
huge improvements. And it's what ACT has always said, we
want fair and timely justice for our victims, and we're
starting to get their mind.

Speaker 2 (35:18):
It also seems logical a part flary this judge alone thing, though,
is that justice being seen to be done. Are we
open to a bit of postcode judging or justice potentially?

Speaker 19 (35:29):
No, I don't think so, because it's actually going to
be based on the need, the readiness of the trial
and the need of the person who is being prosecuted,
especially those ones that have been sitting on remand for
a long time. We've had quite a few people plead
not guilty and change their pleas later on in the process,
and that's what causes a lot of delays, because we

(35:51):
set down these hearing dates and then they change their minds,
but they change their mind on that day. So I
don't think it has anything to.

Speaker 12 (35:57):
Do with where you live.

Speaker 19 (35:58):
It's more about speed up the entire process so you
get seen early and there's that tiny justice for victims
as well.

Speaker 2 (36:06):
Good stuff to cold appreciate it. Nicole McKee, who's the
Justice Minister or Minister for Court, so I should say
she's not the Justice Minister for Goldsmith's thirteen minutes past
seven Oscar more details. It's the silliest story, but more
details on Adrianaw's quote unquote shock resignation. So we've got
some just released meeting minutes and in the meeting all

(36:27):
left early. He had a meeting with the Finance Minister
and the Treasury and just over a week before his resignation.
So the minutes which were taken by a Treasury showed
that all quote unquote made it clear he disagreed with
the Treasury over the amount of the government funding deem necessary.
He expressed his frustration regarding the relationship between the RB
and the Treasury before leaving the meeting. So in other words,

(36:47):
he packed his sad, stormed out and that was the
end of that. That was then left to Quiggley, the chair,
the RB chair, to write to war and say, hey,
you know, a little bit frothy, buddy, tone it down.
All words to that effect. And so as I said
the other day when the initial information came out of this.
All that happened was they were trying to run the
Reserve Bank for Less. Quickly said, by the way, at

(37:09):
the meeting that the board were in alignment with the
government or Treasury as opposed to the Executive of the
Reserve Bank. In other words, Quickly was siding with the
government as opposed to war. So that's fine, But all
we needed to say at the time, all Adrian ever
needed to say was, look, they wanted me to run
this place with less. I didn't find it acceptable. Therefore

(37:30):
I've resigned. What's so difficult about saying that? And yet
we've had weeks worth of this sort of weird mystery.

Speaker 1 (37:36):
Fourteen Past the Mike Asking Breakfast Full Show podcast on
iHeartRadio powered by News Talks.

Speaker 2 (37:43):
At be Shane Jones on geothermal in just a couple
of moments. Interesting draft released yesterday and it's what it
seems to have flown under the radar. Geothermal While we're
all talking oil and gas and sort of stuff and
offshore and drilling and good old geothermal seems to have
flown under the radar. But more on that for you
shortly meantime. More cost plus accounting this time from the airways. Now,
Airways are the people responsible for air traffic management in

(38:05):
this country. They're putting the fees up seventeen point seven
percent over the next three years, so that's seven point
eight and year one six point five and year two
two point five and year three. Katherine Bryan's executive director
of the Border Airline Representative, senders with us Kath morning,
Good morning mate. Do you get any saying this?

Speaker 7 (38:21):
Yeah, look we do, and you know, to be fair
to airways, we have had some consultation with them over
the last three while and they have moderated their price increases.
So instead of seeing you know, fourteen percent in year one,
which we did originally see, we're now saying, you know,
I set that seven point eight percent, as you say, so,
so it's less bad than it it could have been.

Speaker 2 (38:40):
We gained or played do they go instead of seven
point eight, they go, well, it's going to be thirteen
point two and you go no, no, and they go,
all right, seven point eight.

Speaker 7 (38:49):
Yeah. Look, I mean who knows, right, but certainly it's
been a detailed consultation process that has taken a long
time and longer than usual. So you know, I'd like
to think that we're all playing with us straight back here,
but you know, here we are another cost for airlines.
You know, on and on it goes, and I think
we're really starting seeing the effects of that. I heard
dune from air chats on the on the air this morning.

Speaker 2 (39:09):
Do you get anything for it?

Speaker 7 (39:13):
Well, we get a safe and secure sky.

Speaker 2 (39:15):
Yeah, but you got that already. I mean, do you
get a more safe and secure sky? Do you get
a Christmas present? I mean, does anything change or.

Speaker 10 (39:21):
You just pay more?

Speaker 7 (39:22):
There's not a free set of staatenes, but I think
we do. We do get you know, the ongoing investment
in the in the aviation system, and it's and it's
provision of their services. So you know that's important. And
it's not for airlines to say no, air traffic control
is not important. Until no, we shouldn't continue to invest.
Of course we want that. But in New Zealand airlines

(39:44):
pay for everything. We pay for the air traffic control,
we pay for the Civil Aviation Authority, all of it.
We pay for every single airport building that's ever built.
And actually and lots of other countries there's state investment
in some of those things.

Speaker 18 (39:58):
And in New Zealand.

Speaker 7 (39:59):
We're passing all all of those costs onto airlines and
that is starting to become a very heavy burden and.

Speaker 2 (40:04):
That'll go straight to the ticket won air looks for.

Speaker 7 (40:07):
Sure, and it will, you know, for the smaller carriers
if you add you know, the sixty percent increase in
Orklin airport charges between twenty twenty three and twenty twenty
four for regionals, or you add this one hundred and
forty five percent increase in civil aviation costs is from
one July this year for smaller airlines, this is really
starting to become a problem and we're seeing that with
a decision from Sounds. And you know, we're also seeing

(40:30):
New Zealand struggle to recover its international air connectivity. So
airlines are not returning to this market in a way
that's different from the rest of the world, and that
is a concern.

Speaker 2 (40:41):
It's a very good point you, Mike Well and Kath
appreciate it. Kath O'Brien, who's executive director Board of Airline Representatives. Right,
let's get into this business of oil and gas in
a couple of moments. Seven twenty.

Speaker 1 (40:52):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks B.

Speaker 2 (41:00):
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sevenardy four. You want to talk about doing stuff that matters,
this week will produce one of the great ones. Repealing

(42:07):
the oil and gas ban, as the government are about
to do, puts right an egregious wrong, possibly the most
egregious wrong of the last government. What gives us current government,
I would argue, are better than even chance of a
second term, is the fact the damage done to the
economy was done by the very same people who are
still in labor, still running labor. Presumably we'll still argue
for the same recipe for destruction next year. Megan Woods

(42:29):
still here, drove the oil and gas ban under the
instruction of you know who. There was no warning, no consultation,
just a fateful announcement in Taranaki. It was idealism at
its very very worst. If we had all the windmills
and solar panels and batteries in place, might have made
more sense. But as we have seen and felt for
the past handful of winters, we didn't. We don't not
even close. What's made of. Particularly galling is that Australia

(42:52):
has doubled down on gas. It understands gas is the
transition fuel while the so called renewable transformation takes place.
Alia's gas industry is run out of Western Australia, which
is run by a labor government, fed to the rest
of Australia, which is run by a labor government. And that,
as I have said before, is what can make labor palatable.

(43:13):
A centrist labor style party is electable like elbows, like
Bob Hawk's. The adourn Hipkins version looks like a bunch
of wonks who never met an economy that couldn't wreck now.
The repeal won't solve everything overnight. How reputation is so
badly damaged, a lot of FaceTime and explaining has to
be undertaken with potential investors. Hence the government's two hundred
million dollars steak in the Game Fund. If you ever

(43:34):
wanted a living, breathing, tangible example of a government that
simply didn't get it, think back to your last couple
of winters, where the coal pile has never been higher,
the rain may or may not have come, the gas
reports keep getting worse, the spot price heads into the stratosphere,
and your power bill continues to head to the roof.
That is Labour's energy policy for you. That is the
labor government idea of a fun winter. Getting that repealed

(43:58):
is rectifying a shockingly shell ill conceived idea and monumental mistake.

Speaker 4 (44:03):
Fads Gegg.

Speaker 2 (44:05):
Carmala Harris has made an announcement this morning. She will
not be running for governor of California, so Newsom's time limited.
I think most Californians would be happy to know that.
So surely somebody frothy like Carmela would be stepping into
fill the gap. Not so she's not going to run,
which leaves you to ask the question, Well, perhaps it

(44:25):
doesn't because you don't give the monkeys, but perhaps it
leaves you to ask the question, what is she going
to do? I mean, what is there for her to do?
Rob Penny, speaking of jobs, Rob Penny has been which
is funny because Andrew Sabill last time I talked about
Rob Penny, Andrew Sabill was seemingly adaming. I think Jason
Pine was too. On the Monday Morning commentary. I think
both of them were suggesting Rob wouldn't be back which
surprised me because I thought, why wouldn't you be back?

(44:47):
You go and win something. You have a shocking season
season one and everyone hates you. You turn it around
in spectacular fashion season two and everybody loves you. Because
that's the superficiality of sports support, and so why wouldn't
you come back for a go? So he's announced yesterday
that he's back for one more year. So it's just
one year. He's back with James Marshall, Brad Moore, Darren Perrin.

(45:07):
If these names mean anything to you, if you Crusaders fan,
Matt Todd and Ryan Crotting. Anyway, it doesn't include a
twenty seven option, so they're just going to do it
year by year and hope at the end of the
year of things have gone well. He wants to come
back for one more but Rob Penny is one of
the best in the business, so we're very pleased to
have him back. Shane Jones, GEO Thermal, is your future

(45:28):
draft plan out. We'll work you through some of the
details after the News, which is next. You're a News
talks edb.

Speaker 1 (45:39):
New Zealand's voice of reason is Mike the Mic asking
Breakfast with Vida retirement, communities, Life your Way, News, Togs
d B.

Speaker 2 (45:50):
And mister Selfridge and on to write flame of course,
pretty three minutes away from mate, so big week. As
I mentioned before, the news for the government on the powerfront,
they're reversing that oil and gaspand they're also launching and
have launched the after plan for geothermal. Idea is double
our output for electricity and heating by twenty forty. Shane
Jones is the mimnicipal Resources of course and is with us.
Very good morning to you, hey, Morni Mike Tahara opened

(46:13):
last year. Of course, have we let and that's really
all we've got apart from the original one. Have we
let geothermal slip a little bit under the radar over
the years.

Speaker 12 (46:21):
Yeah, it's nigh on twenty percent of our electricity. But
with mister trick, mate, and what I'm trying to do
with this strategy which is going to be completed after September,
is move away from these lanky, featherweight ambitions which seems
to afflict New Zealand industry in our development nowadays.

Speaker 2 (46:37):
How big is the risk of the punt in going
to have a look for it?

Speaker 12 (46:42):
Well, on the question of the deep seated supercritical energy.
You're right, the sixty million we've allocated. It's never been
done anywhere else in the world, but the experts tell me,
if it can be done anywhere, it'll be in New Zealand.
It's close to the magma, but it'll completely rewrite the
character in the mix of our energy in New Zealand.
But I'm not going to pretend that it's a correck

(47:04):
fixs I. I'd rather focus on energy reforms that's coming
soon to kick that goal.

Speaker 2 (47:10):
Have we got the expertise in this country to do
all this?

Speaker 3 (47:14):
Mate?

Speaker 12 (47:15):
Twenty eight percent over the last four years of all
geothermal investment has happened globally here in New Zealand, Philippines, Indonesia,
a variety of other places. The conference that I'm at
here in topol Our, New Zealanders are selling those services.
They're more highly regarded over the air and then sadly

(47:37):
they are here and that's a deeper problem with our
New Zealand culture.

Speaker 2 (47:41):
Where does the ETS fit into all of this?

Speaker 7 (47:45):
Well?

Speaker 12 (47:45):
Obviously, ETS is an imposition on all costs associated with
electricity and the extent to which it remains will be
dealt to no doubt through the next election. There's no
intention at the stage to exempt energy from the ETS,
but there are some emissions associated with geothermal they have

(48:08):
to pay an ETS tax.

Speaker 2 (48:11):
Okay, is the government involved in this? I mean, are
you the oil and gas thing, the two hundred million
dollars that you can take a stake in with some
of the people trying to bring them back to the country.
Are we going to be involved in this as well?

Speaker 12 (48:23):
Now you ask a dead question if you want if
not you personally, if you and I want an accelerated
transition to a high threshold of wealth, do you want
the government to stand back and sort of barrack from
the sidelines, or do you want it to get down
and dirty take a risk. Some things won't work. Some
things were like we're doing with the oil and gas,
like I've done with the deep seated geothermal energy. And

(48:45):
I'm a sort of politician at the government. It really
wants on behalf of society to accelerate an industrial transition,
then it's going to help with the cost or you're
going to end up with the industrialization.

Speaker 2 (48:56):
For example, are you hopeful, given next year's election year,
that you can put enough of this in place that
won't be flipped again.

Speaker 3 (49:05):
Well, I don't think.

Speaker 12 (49:06):
I think where the flipping threat lies is with the
fossil fuels, which as you know, I'm an apostle of,
but I would geo thermal energy. This's widespread response.

Speaker 7 (49:15):
You know.

Speaker 12 (49:15):
The trick that we missed is after Jacinda, that political
fugitive from electoral justice, she canceled the oil and gas industry.
They should have immediately invested in geothermal energy six seven
years ago and then we'd had the flow to cover
off the shortage.

Speaker 2 (49:30):
Down that's true. Do you think I was just thinking
before the news of all the things the last government did,
do you I think the oil and gas turning the
tap off, that announcement in Taranaki, that was probably the
most egregious of all the decisions. And if it isn't
it to be right up there, wouldn't it. Yeah?

Speaker 12 (49:47):
I mean a lot of what I'm doing at the
moment is an active penance. I don't walk away from
the fact that I acquiesced with it as a minority party.
But I can think of no single decision that has
had a more destructive impact on energy policy. That means
economic policy, that means the product of deal Nation then
just in the canceling the organ guess industry all.

Speaker 2 (50:06):
Right, nice to talk Shane Jones, who's the Minister for Resources.
Nineteen minutes away from sevens. I'm following this one of
the great deal of interest. So it was called three Waters.
Of course that they sold it poorly. It all got
super angsty over the Mary component of it.

Speaker 4 (50:20):
All.

Speaker 2 (50:20):
The new government came and call it local water has
done well, which I think is probably about as stupid
as calling it three waters. But nevertheless it's a different model.
Part of the model is that you can buddy up
with the council. If you're a little counsel and you
don't have many pipes and you don't have much money,
and you don't have a big rating base, but you
still need your water, you can buddy up. So Whiroha
could have buddied up with a bunch of hawks Bay people.

(50:40):
So it could have been the regional Hawks Bay regional model,
which is central hawks Bay District, the Napier City and
Hastrings District. They didn't want to. They decided and announced
yesterday they're going it alone. And on the surface, you
would think why would they want to go it alone,
because the counter to that is a lot of the
problem at the moment with some of these councils is
they look to the the party he wants to buddy

(51:01):
up with them and go, well, actually, you're the one
with the problems. You're the one with the massive investment required.
We don't so why would we want to have anything
to do with you? And then you get to the
WIRA types of decision. Can you be that small and
still take the risk on your own pipes, your own water,
your own system, with your own money and go it alone?
And what happens if that fails? What's the fallback plan?

(51:23):
That's something to watch for the future, because that'll be
news Mark my words eighteen to two.

Speaker 1 (51:28):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks it be.

Speaker 2 (51:35):
This is the sort of thing I'm saying, Mike. The
problem with the Hawk's Bay won't be Wirah, It'll be
with Napier bludging off Hastings and the ratepayer. As Napier's
done no investment in underground services with the last twenty
five years water that's worse than them, yep. And so
that's you've got to fight some thing going on there
as well, and no one wants to if you've done well,
no one wants to take on board somebody who hasn't
done well or perceived to not have done well. And

(51:55):
if you haven't done well, you want to buddy up
with somebody who has. But of course they don't want you.
Insite it goes Mike Jones, just to give you yet
more insight into where we're at with this what well
his word wabbling economy of ours New Zealand's wobbling economy
steadying question mark. So it's a fairly comprehensive review that
he's done. He's worth the B and Z. So the
dragging uncertainty he sees associated with the trade policy US,

(52:19):
while lower than previously, looks set to stick around a
negative impost on investment in particular. I still haven't heard
from the Prime Minister on the Trump that he says.
Lutinix says Friday, which is Saturday our time deals with
the rest of the world. Are terrorists for the rest.

Speaker 3 (52:32):
Of the world.

Speaker 2 (52:32):
What if it's twenty I keep asking the simple question,
and no one's answered to you. What if it's twenty
What's what's luck'sn going to do about it. I mean
David Seymour was on the programme Its Day. He goes, oh, well,
that's life, is it? And I think it is because
Lux and Seed quite clearly we don't want to be
materially worse off than anybody else. At twenty we would
be right. Investment appetite rights, Mike is stirring. This is
good despite all the uncertainty. We are encouraged by a

(52:54):
sprinkling of indications. In New Zealand, investment appetites may at
least be stirring, So that's encouraging. In June we saw
plant machinery imports up thirteen percent year on year, transport
equipment rising nineteen percent, intermediate goods up twenty one percent.
It's all partial stuff, he says, but taken together helps
assuage some of our prior concerned Sluggage business investment might

(53:16):
be a dragging anchor on the broader economy. Most high
frequency indicators have pulled back from a bit of a brink.
The underlying sense of recovery so far failing to launch,
remains though, and I think that's the overarching vibe among
many of us at the moment. All this yack about
what was going to happen in twenty twenty five, doesn't
really feel like it's happened. It's happened on the farm,

(53:38):
farms booming, but apart from that, doesn't appear to be.
But here's what he says. We still think the mid
year activity air pocket, which is what he calls it,
will pass. The underlying drivers of the recovery remain in
place and should reassert themselves in coming quarters. He doesn't
see a problem with inflation. He sees rent declines and

(54:00):
that's encouraging. He sees the runway for the sub three
percent ocer looks clearer. The net of recent growth and
inflation described above as sufficient in our view, to reintroduce
some gentle downward pressure. In other words, what he's saying
in August, the Reserve Bank's going to cut another twenty
five Should the RB resume the official cash rate cuts
in August as we expect, he thinks, and this has

(54:23):
been my view all along, if not more so. Twenty
five cuts in August is factored and fully priced in,
And we think the combination of spuffering demand and contained
inflation and supports the case for a follow up on October.
So he's saying fifty points twenty five and twenty five,
which takes it to what he's argued all along of
a neutral rate at two seven five. Now the bank

(54:44):
RB is still arguing neutrals three. So, in other words,
is one more cut? He says two seven five. I
wouldn't be surprised if it goes down to two point five,
because you've gotta do something more than they have to
fire up. Because as each day passes and the magic
doesn't arrive, all this talk of the recovery doesn't arrive,
you need to keep doing more, don't you. Eleven away

(55:05):
from eight the mic.

Speaker 1 (55:06):
Asking breakfast with a Vida, retirement, communities news togs hed.

Speaker 2 (55:10):
Been, but I serven away from eight. He is an
irony the coach court spying on the football ferns at
the Paris Olympics. You remember that just signed a two
year deal to coach the Wellington Phoenix. This is the
former Canadian coach Berb Priestsman. She is She was handed
a one year band for her role in the drone
use over the New Zealand training session. Anyway, Beer Priestman
is with us. Good morning, how are you very well

(55:32):
and doing? Congratulations on your new job. Did you always
think when it all went wrong that there would be,
in some way, shape or form a way back.

Speaker 16 (55:41):
I think you have to keep haulp I think, you know,
the first probably four or five months. My aunt is
probably know, but I think, you know, once I got
to New Zealand and sort of you could say healed
a little bit. I think, you know, as much as
everything went down, I think also it was a big,
big moment for me, you might career of my family
for my life and then yeah, I did think that

(56:04):
be a way back, but probably not for the first
few months.

Speaker 2 (56:06):
Fantastic What were you thinking at the time.

Speaker 16 (56:11):
Yeah, I think you know. I can't obviously speak to
the details legally unfortunately, I would like to be able
to speak to more. But I think regardless, I've had
a long time out of the game, and you know,
it's a long suspension and not something I'm proud of,
that's for sure. But in that time, you know, I've
had a chance to learn, reflect, grow, and to be

(56:32):
honest with you, I just can't wait to get on
the grass and do what I love every day again.

Speaker 2 (56:37):
Yeah, I don't blame you. What is it about coaches?
Just generally? I mean, drowing was unusual, but you know
how they put up those those the barriers at fences
and stuff, so you can't spy. What literally do you
learn from watching somebody else train?

Speaker 16 (56:52):
Well, I think you know you've hit the nail on
the head day. I think it's been common practice and
it doesn't necessarily make it it right. And you know,
that's what I've had a chance to sort of reflect on.
But I think, you know, what I don't want to
do is also take away from the hard work that
managers and coaches do in terms of scouting opposition. You know,
you go back ten games, you do all of that work,

(57:14):
and if anything, it's like the icing on the cake.
It's not the actual work. But I think you know,
things like injured players and they return and all those
sorts of things have been historically what coaches have done.
You only have to go on YouTube and say some
famous coaches talking about that. But yeah, because it's been
common practice, it definitely doesn't make it right and it

(57:35):
won't be something that you know, for me moving forward
in my career, I'll certainly not be doing things like that.

Speaker 2 (57:40):
Did you approach the phoenix or did the phoenix approach you.

Speaker 16 (57:44):
And the Phoenix approached me, you know, at the close
of the season. Yeah, and those conversations were fantastic. You know,
I've been around the community and I've been at Pararua
Park right the way from sort of January onwards, and
you know, yeah, I feel like it. I felt like
local fund for the last sort of four or five
months and got a really good feel about the club.

(58:05):
I think the club is a community club who in
you know, in and around the community. And let's be real,
they've they've had a professional team here and news them
Ean when I was back in Wellington two thousand and eight,
I think two thousand and nine I was a Phoenix game.
So yeah, it's nice a small football community that. Now
I'm back in New Zealand, it's been really nice to
connect with.

Speaker 2 (58:26):
Fantastic good only bit we'll go well with the team.
I wish you the very best with it. Be a
priestman Wellington Phoenix Women's head coach. It should always be
a way back, shouldn't they. You can't punish people forever.
Six minutes. No, it's not four minutes away from my pass. Hopefully,
with at least two further cuts, the economy will be
better into year end. However, into the start of next year,

(58:47):
political uncertainty could step a lot of recovery, as polling
has the coalition nick and neck gear. It's going to
be I'm super excited for next year for no other
reason that it would seem impossible to believe it isn't
going to be a fantastically tight race now whether it
should be a all right race and you will spend
some time, I guess debating that into next year, but
all poles seem to indicate it will be a very

(59:08):
tight race now, Mike, I was just at dinner here
in khn with my daughters, but I've caught up with
your last two Mornings podcasts. Absolutely love that I can
get you on Spotify as well as I Heart anywhere
in the world. So that's exciting, isn't it. Anyway, his
point in the letter, and I'll come back to it
after eight thirty this morning, but he makes a very
good point. I've got to comment on your interview with
the Prime Minister on Monday, for gosh sakes, he writes,

(59:29):
For gosh sakes, he got to grow some balls, Baite
and sort Winston out read the overseas domestic property ownership.
This is a no brainer. It's the lowest of low
hanging fruit to restore some credibility with his Golden Visa
scheme and to at least put us onto an equal
footing internationally, as I can buy property in virtually any
country in the world, possibly with some stamp duty and

(59:52):
annual property taxes, but at least it's my choice. And
he's got a couple of ideas about how we can
go around that, so I'll come back to that later.
Jeremy Piven is in the country. He had him on
the show a couple of months ago, of course, leading
up to his concert tonight, but he's back in the studio.

Speaker 1 (01:00:05):
Next the Mike has game insightful, engaging and vital The
Mic Hosking Breakfast with the land Rover Discovery never Stop
discovering news.

Speaker 2 (01:00:17):
Tog said, b it is seven past eights. Our gold
is in town and in the house. Our goal of
entourage fame became a thing, of course, But then so
to mister Selfridge, which will assaulted well over one hundred countries.
Jeremy Piven played them both. He's also funny. His stand
up is in Auckland tonight, and we had him a
couple of months back, and we said, when you're in town,
come on in, and so he is. Jeremy Piven's back

(01:00:37):
with this Good.

Speaker 4 (01:00:38):
Morning, Good morning to you, sir.

Speaker 2 (01:00:40):
Here we are then, Yes, that wasn't a great start
to the internet. When I say good morning, I mean
it's the only thing happening in this room right now. Yeah, well,
I mean you're on your phone. Don't look up and go.

Speaker 4 (01:00:54):
To be answered to you. I was turning everything off
out of courtesy to you.

Speaker 2 (01:00:57):
Okay, yeah, is it off off?

Speaker 4 (01:01:00):
And I'm going to turn the whole thing off. There
we go, get better this interview.

Speaker 2 (01:01:04):
No worries at all. It's going all right.

Speaker 1 (01:01:06):
Now.

Speaker 2 (01:01:06):
Last time we talked you won't remember, but we've talked before.
When we talked, you were leading up to your sixtieth birthday,
which has now happened. How's that feel?

Speaker 4 (01:01:19):
It feels fantastic. Well, other than this lighting this lady, No, no, well,
it feels like I'm in an interrogation. And I love it.

Speaker 2 (01:01:29):
It's pretty It's pretty much. This is what my show is.

Speaker 4 (01:01:31):
I love it.

Speaker 2 (01:01:32):
It's pretty much cool.

Speaker 4 (01:01:33):
Let's start with it.

Speaker 2 (01:01:36):
Let's let's begin. I love it.

Speaker 4 (01:01:38):
This is great. You know it's this is exactly what
I came here for.

Speaker 3 (01:01:42):
Yeah.

Speaker 2 (01:01:43):
No, but I know it's the reason I raised is
because the reason you started about I turned sixty. You
look at relatively recently, and it was one of those things.
At fifty it became a thing for me. Yeah, sixty
wasn't forty wasn't fifty was sixty wasn't.

Speaker 4 (01:02:00):
Yeah, you know, I don't these these are these are
just numbers, you know what I mean?

Speaker 6 (01:02:07):
So I don't.

Speaker 4 (01:02:09):
It's a great, it's a great you know, I don't
know what to tell you.

Speaker 2 (01:02:12):
Okay, did you have?

Speaker 4 (01:02:12):
I feel great?

Speaker 2 (01:02:14):
Good? Yeah, you're healthy? I do all right?

Speaker 4 (01:02:19):
I do all right?

Speaker 2 (01:02:20):
Yeah that doesn't sound overly convincing to me.

Speaker 4 (01:02:23):
You know, you want me to celebrate my health.

Speaker 3 (01:02:25):
I don't.

Speaker 2 (01:02:26):
Well, that's why I asked I do I do?

Speaker 7 (01:02:29):
I do?

Speaker 4 (01:02:29):
Well?

Speaker 2 (01:02:30):
Oh good? Yeah, okay, fantastic. We talked last time about
mister Selfridge. Are you sick of talking about that? No,
not at all, because that I just wonder with a
person of your depth and expanse and the amount of
work you've done, there will be building up over a
period of time certain things you do that you hold
dear and I would like to think that mister Selfridge

(01:02:52):
was one.

Speaker 4 (01:02:52):
Absolutely I love that show. That was incredible, a great
experience four years over in the UK doing a show
and for proud of and no one saw it in
the States, but I'm still very proud of it.

Speaker 2 (01:03:05):
Isn't that weigird? Why did they say on the site?

Speaker 4 (01:03:09):
Because the show is a station where it's funded by
the people, so they don't have any money. So unbeknownst
to me, if you don't have any money to advertise,
it's hard to get people to watch a show.

Speaker 2 (01:03:18):
Oh it's unfortunately, Yeah, because it was sold to over
one hundred countries, wasn't it abo.

Speaker 4 (01:03:22):
One hundred and sixty five countries? So it was a
worldwide hit.

Speaker 2 (01:03:24):
Here there'll be very few countries in the world you
could walk down without being abed.

Speaker 4 (01:03:30):
I don't know if that. I don't know if that's true.
But you know, I've been watched this organic transition. The
reason why I'm here being interrogated with terrible lighting very
early in the morning, and I love it just.

Speaker 2 (01:03:41):
Before the light, Yes, the new lights.

Speaker 4 (01:03:44):
Oh they love it. No, I love it.

Speaker 2 (01:03:47):
I don't. Yeah, they were worse than this before I
got them upgraded.

Speaker 4 (01:03:51):
I love that.

Speaker 2 (01:03:53):
Transition is.

Speaker 4 (01:03:54):
Yes, I'm on tour. I'm a stand up comic. Believe
it or not, you never know by this interview, but
I am unbelievably funny, and I am at the Sky
Theater tonight.

Speaker 2 (01:04:06):
If you can believe it's unbelievable.

Speaker 4 (01:04:08):
Yes, Sky City Theater. And we have one of your own.
I shouldn't say this when I'm going to anyway, we
have one of your heroes, Joe Parker, who's going to
show up. Who's a good you?

Speaker 2 (01:04:20):
You you ran that line last time and you said
Joe Parker is going to tune up?

Speaker 4 (01:04:24):
And you know, because I don't. And I say this
with love, I don't know if I like you. I
really don't. But what I'm gonna do right now is
I'm going to pull up his text to me because
you started with yeah, Because here's the here's the thing
I will pull up.

Speaker 2 (01:04:45):
If you pull that up, I will pull what's Joe
park inside of you?

Speaker 4 (01:04:50):
Well, he said that he's coming tonight and yeah, and
then he's gonna bring some of his boys and yeah,
it's all good. I'm gonna pull it up right now
because here's the here's the thing about the show he's
not going to be in the show.

Speaker 2 (01:05:03):
He's just there.

Speaker 4 (01:05:03):
I won't do a lot of stutup comedy, but these
are very well informed questions. Okay, yeah, so here we go,
So save me one second.

Speaker 2 (01:05:12):
Yeah you don't believe I don't believe this.

Speaker 1 (01:05:13):
I know.

Speaker 2 (01:05:14):
Are you searching for a network because you're here we go? Brother, Okay,
here we go.

Speaker 1 (01:05:17):
Take a look.

Speaker 2 (01:05:18):
Okay, here we go. Jeremy Piven Auckland, July thirty one.
Honored to get any one of your peeps and have
them let me know I'm in town. Thanks, smiley face.
This one's actually spelling right. Thank you so much. Brother.
We'll give you a message. Appreciate it. Grateful. Joseph Parker. Yeah,
I'm also doing press tomorrow. I'm on the Mike Hosking

(01:05:39):
Breakfast Show. The Mike Hosking Breakfast Show is one of
the most popular shows in the country. Yeah, that's right.
Who else you got in your phone? You're famous in
your phone.

Speaker 4 (01:05:50):
I just have a lot of because we're so old now.
I have a lot of practologists and just mostly just
you know guys that do yeah, various things, a lot
of butt doctor mostly. But I can show you all
their texts they do a nice show.

Speaker 2 (01:06:04):
Hold on they moved from jerrym by pivt in the Moment,
thirteen past.

Speaker 1 (01:06:08):
The Mic Housking Breakfast Full Show podcast on iHeartRadio, Call
it by News Talk Zippy.

Speaker 2 (01:06:16):
Cooda pastas I guess is Jeremy Pivot Now Now talk
to me about the Pivten Theater. What was it like
when you were growing up? You know, just explained that
your parents in the poopn Theater.

Speaker 4 (01:06:25):
Explain what theater is.

Speaker 2 (01:06:26):
I'm sorry, the Pivot Theater.

Speaker 4 (01:06:28):
It is a theater where they you know, my my parents.
My mother died a few months ago, and she was
my acting teacher from the time I was about eight
years old and I jumped up on stage with my
family and most of the kids are on scholarships, so
we don't really know. When people are like, oh, you're
in the business, It's like, I'm not in any business.

(01:06:50):
We're just actors, were stage performers, and we didn't understand
the business act as aspect of it, which is kind
of ironic because I you know, I played a character
Ari Gold for over a decade that was this businessman.
So everyone thinks that I understand the business and I
I'm just a stage actor from Chicago. The kids are
on scholarship any age you can go in there and study.

(01:07:12):
They they put on, you know, whatever they feel like
putting on at the time, whether it be you know,
check off. I've been butchering some of the great writers
of all time. I've been butchering it since I was
eight years old. So you know, Shakespeare, Kurt Vonnegut, you know,
we we do about four shows a year there, and

(01:07:34):
and you know, every every night there are acting classes
there and it's still thriving.

Speaker 2 (01:07:40):
Was it a thing? Was what I was interested in?
When you're a kid, no one else has got a theater?
Was that a thing? Was that exciting to be?

Speaker 14 (01:07:48):
What?

Speaker 7 (01:07:48):
Did?

Speaker 18 (01:07:48):
Was it?

Speaker 7 (01:07:48):
Just?

Speaker 13 (01:07:49):
What?

Speaker 14 (01:07:49):
It? Was?

Speaker 20 (01:07:52):
It it?

Speaker 4 (01:07:55):
I thought that every kid had a theater that they
grew up in. But I was horribly mistaken. So I
thought it was just like the norm. You get up
on stage, you have a great time. Your parents empowered
you with the ideology that you're enough, and so you
feel very comfortable to perform and kind of operate on

(01:08:15):
your highest vibration. Unbeknownst to me, not every kid had that.

Speaker 2 (01:08:21):
So what do you believe in that sense? If you
hang out at the theater and your parents are into
the theater, you can perform or is performance god given?

Speaker 4 (01:08:30):
Oh that's a great question. I I do feel that
that we are all given gifts to a lesser and
greater extent, and then you know how you how you
navigate that is something different, and that's probably the difference
between being good and great. And I think a lot
of people have been given gifts and they don't stay

(01:08:53):
after it. But I I've I've been on stage, you know,
for for my entire life, and I need a little
more balance in my life. So that's that's a whole
other thing. But the yeah, I think that you know, listen,
both my parents are actors, and I think I chose them.
And I know that sounds cliched or strange or whatever,

(01:09:15):
but I think I did pick them. And so I
think because of them, I was given something. And getting
up on stage as a child and having never stopped
doing that, you know, you develop certain muscles and I
was a little bit of a late bloomer to stand
up and so I make that transition and get up

(01:09:36):
there and do my thing with that and then go
back to acting. And it makes you a better actor,
just because most actors are sitting idle. They have a
lot of rust on them because you know, they have
to get a lot of people to okay the film,
get the money, the studio has to sign off on
you whatever or an indie film or whatever. And then

(01:09:58):
with stand up, I'm performing all the time, and then
when I go back to acting, there's no rust on me.

Speaker 2 (01:10:03):
Fantastic, great answer. They also say, you're doing two hundred,
two hundred and fifty shows a year, Is that right? Yeah,
that's pretty much well most days.

Speaker 4 (01:10:13):
Yeah, I mean, well five days shows a week because
you're doing two shows a night. But with theaters like
I'm doing now the Sky Theater tonight at eight o'clock.
Just throwing that in there with Joe Parker. With Joe Parker,
who is going to be opening for me, He's gonna
be tight twelve minutes. He's incredibly funny, Joe Parker. There

(01:10:35):
are other people that are have threatened to come and
we'll see if they're I can't name them, but it's
gonna be a little bit of a you know, yeah,
there are certain UFC fighters that are that are great.

Speaker 2 (01:10:48):
Okay, you know, is this a sporting of Intel record.

Speaker 4 (01:10:51):
On his first name rhymes with missy.

Speaker 2 (01:10:56):
I don't know what other nine rhymes with missy?

Speaker 19 (01:10:59):
Is he?

Speaker 7 (01:11:00):
Oh?

Speaker 2 (01:11:01):
Is he to sign you?

Speaker 18 (01:11:02):
Yeah?

Speaker 2 (01:11:03):
Does is he rhyn with Missy? I think yeah it does?
Israel to sign you?

Speaker 18 (01:11:09):
Yeah?

Speaker 2 (01:11:09):
He's bigger than you think you made him. He's about
six three, so he's bigger than you think.

Speaker 4 (01:11:14):
He's a big boy.

Speaker 2 (01:11:15):
So this is this a fight or a comedy show?

Speaker 4 (01:11:19):
Uh, it's it's it's hard to say right now. It
feels like it would be a fight, but uh yeah,
it's you know, I when I'm in town, I like
to reach out to people that i've I've watched and
who have inspired me, and I just give it a shot.

Speaker 2 (01:11:37):
I just you know, he's fantastic in terms of in
terms of determination and getting where you want to go.
That guy's that guy's allegiend, mind you, says Joe Parker.

Speaker 4 (01:11:45):
Yeah, they're both very, very very inspiring. They've you know,
you can have greatness like they both had and then
you can rest on it and go that's enough. And
both of them have been down and figured out a
way to extract their ego and just get after it.
And it's very inspiring.

Speaker 2 (01:12:01):
Fantastic. I thoroughly enjoyed this, by the way, thank you.
I think your enjoyment level rose as the interview went on.

Speaker 4 (01:12:09):
Absolutely.

Speaker 7 (01:12:10):
You know.

Speaker 2 (01:12:11):
Anyway, when you're next in town, yeah, come by and
see us.

Speaker 4 (01:12:14):
Oh my god, I'm going to put it on my calendar.

Speaker 2 (01:12:17):
Hopefully the lighting will be Oh no, no, it's all good.

Speaker 4 (01:12:20):
I love this.

Speaker 2 (01:12:21):
Jeremy Purvy, Thank you, guys, nice to see Nice to
see you. Jeremy Piven at Skuys City tonight, along with
Izzy and Joe, allegedly a twenty two.

Speaker 1 (01:12:32):
The Mic Hosking Breakfast with the land Rover Discovery News b.

Speaker 2 (01:12:37):
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(01:13:21):
absolutely free to try and use the code breakfast. Got
to use the code Breakfast. That's a critical part your walden.
Now I read the label. Take only this directed of
course about health a dot co dot NZ eight hundred
triple nine three h nine. Note the number. Keep it
on your forridge O eight hundred triple nine three oh
nine Lester's Probiotic plus for their gut. It's going to
look after you.

Speaker 1 (01:13:40):
No worries Parski.

Speaker 2 (01:13:42):
From about health. Just to finish that letter I got
earlier on from the bloke who was having lunch with
his daughters and can and trying to convince the government
that's about time we let some foreigners and to buy
some houses as they bring their golden visas. And he says,
I know so many good people they want to own
a property in New Zealand. People that will add value
and be great ambassadors for the country needs to be
pulled into line and do what's best for this financially

(01:14:03):
floundering country. It will not affect his base if you
do a five million dollar threshold. That's where the National
Party came up with started at two. They said, look
what about four or five or something like that. Put
a fifteen percent stamp duty on it. Furthermore, let's open
New Zealand to twenty thousand platinum visas for the price
of a million each. That's per person, not family. Obviously,
well screen desirables who are seeking residents and ultimate citizenship

(01:14:24):
in New Zealand. Malta recently had a scheme where they
charged potential residents seven hundred and fifty thousand euros. It
was a roaring success, that's true. Malta had a very
successful system. You simply had to give them some money,
or you had to buy a property, and you have
to spend a couple of weeks a year in Malta
and you become a citizen. And lots of people did.
And so why we aren't more keen on this. I've

(01:14:44):
got no idea that we're busy asking them to invest
five or ten million dollars and the Golden Visa, and
there's the demand there, there's a billion dollars lined up
and we tell them to go rent a house. It's
the weirdest thing. And more and more people see that
each and every day.

Speaker 9 (01:14:58):
News for you.

Speaker 2 (01:14:59):
In a couple well moments then in Britain are the
air traffic Control not a lot of planes flying in
the early hours of the morning. Rod were the updates
shortly for you?

Speaker 1 (01:15:08):
News opinion and everything in between. The Mike Hoskey break
best with Bailey's real estate altogether better across residential, commercial
and rural news togs had been.

Speaker 2 (01:15:19):
Well please for Joan Anderson yesterday. Joan is dead. But
she was the woman who invented the word hula hoop.
So Joan was an American who ended up in Australia.
And this is many, many years ago, of course, and
she saw these people in Australia standing at the beach
with these these hoops and they were doing the hula

(01:15:40):
hooping thing. And at that particular point in time, they
didn't it wasn't called anything in particular. It certainly wasn't
called the hula hoop. She decided to call the hula hoop,
and she's sent some back to America, where she looked
to do a deal with the American toy conglomerate Whammo,
which is one of those names you don't hear much anymore.
There's not many sort of companies left out there called Wammo.
Who do you fire? Were for Wammo? Anyway, she was

(01:16:02):
going to do a deal with Wammo, and they did
it the old fashioned way, a gentleman's handshake, and they said,
when we seldom you'll make some money. Except that never happened,
and the firm's boss apparently kept putting it off, putting
it off, putting it off, and the pair her and
a husband eventually filed a lawsuit resulted in a financial sentiment,
not a big one, but no formal recognition to their

(01:16:24):
role of its rise. But later accounts of the invention
mentioned how this Australian friend brought an early version to
the United States of America. So she was actually she
was from Sydney, originally born in nineteen twenty three, she
was a swimsuit model, married an American pilot, met him
at Bondi went back to America, et cetera. C Anyway,

(01:16:45):
she died the other day at nursing home in Karasbad
in California. But she is the person recognized late in
life as the person who invented the word the term huloop.
Twenty two minutes away.

Speaker 17 (01:16:57):
From now international correspondent squid ends an eye insurance peace
of mind for New Zealand business.

Speaker 2 (01:17:03):
What I was talking about that story was I looked
for the part that she had done a lot of
hula hooping her all her life, and therefore had lived
to such a right old age, and therefore it gave
you an indication that fitness and flexibility was right. But
it said nothing of the sort. And I would have
thought that was the first thing I would have inquired
about if I was the journalist in the story. Anyway,
we need to go to Britain, Rod little morning mate,

(01:17:24):
good inte. So if you were going anywhere you've you've
been having a bit of trouble either night our time.

Speaker 3 (01:17:29):
It's incredible. This is the second time in two years
and air traffic control mishap Mayhem, Dozens and dozens of
flights canceled, not a single plane moving, landing or taking
off for a period of time this afternoon. At least
one MP has. Indeed, the boss of Ryanair has called

(01:17:54):
for the resignation of the boss of air traffic Control
and the transformeristory is warning but there may be more
trouble to come. We don't yet know what the source
of this trouble exactly is, but it's another real problem
for the government for people living in Britain obviously, but

(01:18:17):
just generally that you know, flights have now resumed, but
it's getting to the point where you are wary when
you're booking, when you're booking a.

Speaker 2 (01:18:26):
Flight, Yeah, reputationally, it can't be good for you. They
say it's radar. I think they say it's radar. If
I asked your average britt is investment and ear traffic
control and stuff a bit antiquated? Is it all a
bit old? Could that be part of the problem.

Speaker 3 (01:18:40):
Yes, probably, Yes, they are saying it's radar, but what
about radar radar doing what I mean air traffic control
is so the radar isn't. There's nothing more about it
than that the National Air Traffic Control System of said
it is back to running and that they're still trying

(01:19:04):
to understand the cause of the technical issue and the
implications for the quote resilience systems in place not terribly resilient,
you would suggest at the moment. Yes, I mean I
think reputationally more than anything. It's appalling. It could just
be coincidence, of course, two in two and a half years,

(01:19:24):
but it doesn't feel like it. We have a real
problem at the moment.

Speaker 2 (01:19:29):
Indeed, this Palestine thing that happened yesterday with Sakia Starmer,
and I know he was on the phone who a
nit Nyahu before he said it, but it struck me
as being weird. I mean, once upon a time you
wanted to recognize Palestine because you thought that's a good
thing to do. Now he seems to be using it
as sort of like a threat, like unless you do something,
I'm going to recognize Palestine. Is that strange?

Speaker 3 (01:19:49):
Yes, it's idiotic. It won't do anything, it won't achieve anything.
I don't know what it is is recognizing. Given the
Palestine isn't a state, it would seem that he's recognizing
her mass as a terrorist group, which you know two
weeks ago he said was a terrorist group. And he's

(01:20:11):
been condemned by Emily Danari, who was the British Jewish
girl who was held captive by her mauths for fifteen months,
who said he was guilty of a moral failure and
was standing on the wrong side of history. It has
been done solely to appease his backbenchers. There is no

(01:20:32):
possible other cause for this, because it's annoyed the Americans,
it's obviously annoyed the Israelis. It hasn't made the Germans
particularly pleased either. He would have been considering this sort
of thing. Georgie o' maloney promised ravit and he got
it right when she said, you know, we will recognize
Palestine as a state when Palestine is a state, and

(01:20:56):
that seems to make rather more sense. And he's going
to into all sorts of trouble over this now because
there is that problem that, given it's not a state,
what exactly are you recognized him?

Speaker 2 (01:21:07):
No, it's a funny thing, and you said it all along,
isn't it. I mean that this back beach of his,
or this caucus of his, the size of the caucus,
I mean, what is he believing? He just believes in
whatever the back beach is he believes in.

Speaker 3 (01:21:18):
I don't think he believes in it. I just think
he feels he needs to do it, just as he
felt the need to climb down on stopping us from
going bankrupt a few months ago, a month, a couple
of months ago. He is he is caught at the moment.
He has a party just forming on the left of
his own, and he has reformed way ahead in the polls.

(01:21:42):
It is not looking good for him, and so he
is doing anything he possibly can to shore up both
support for himself amongst backbenches and support for the party nationally.
And I don't think that this will do anything at all.

Speaker 2 (01:21:55):
All right, right, go, well, we'll catch up next week.
Appreciate it. I must ask Rod when we get a
bit more time next week. Jeremy the party to the
left he was referring to, is, of course, Jeremy Corbyn's
new party. Who is an independent MP for is? I
can't remember is Elington East or West? Whatever it is,
But I'll be interested to know what Rod thinks as
to how many percentage points that particular philosophy is worth.

(01:22:16):
Sixteen to nine.

Speaker 1 (01:22:18):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at B.

Speaker 2 (01:22:25):
Fifty Tariffs on Copper just announced Trump fifty percent just
like that, Thanks very much for coming. The thing I
didn't mention, by the way, did you recommend land Man
to me? Was that you that recommended land Man? Bumsteer?

Speaker 17 (01:22:36):
It was?

Speaker 2 (01:22:37):
It was okay, it was I watched it on the holiday.
The thing I wanted to mention, which was really interesting,
and it's almost almost worth looking up. If you can
be bothered and you haven't watched land Man, it's not
something I would it was. It was fine. It was
fine without being great. Billy Bob Thornton holds it together.
Takee bad.

Speaker 9 (01:22:53):
That's that's why you wretch. He's so great.

Speaker 2 (01:22:56):
He is good, but he's surrounded by so many young,
great people that you think this probably doesn't hold together
well enough.

Speaker 9 (01:23:02):
Did you find the wife a bit match?

Speaker 2 (01:23:03):
She's it says that I couldn't. It was almost comedic
at times. They say it give us a good insight
into the oil industry in Texas, and that's probably true.

Speaker 9 (01:23:13):
John Ham's pretty good, is he.

Speaker 2 (01:23:15):
I didn't think there was enough of them. He didn't
play a big enough part to hold me. And Demi
Moore was there. So I mean, if I just said you, hey,
there's this show with Billy, Bob Thornton and John Hamm
and Demi Moore. You go, wow, that's pretty cool.

Speaker 9 (01:23:26):
So you reckon there's going to be more of Demi
Moore in the next season.

Speaker 2 (01:23:29):
Well given her husband's deed. Yes, I would spoil those
sorry cheap anyway, the point being the point I wanted
to make to you. There's a guy, there's a camera.

Speaker 9 (01:23:41):
Can you hear anything, guys the.

Speaker 2 (01:23:45):
There's a cameo, my Jerry Jones. And Jerry Jones is
the owner of the Dallas Cowboys, and you know my
fascination with American football. Jerry Jones goes to visit a
dying John Hamm in his bed. Now I have a
look at it and see what you think about this,
because his delivery and the way he tells the story.
Basically he tells the story. He's noil on it in
real life. Who bought twenty five plots, twenty eight plots

(01:24:06):
whatever it was of land four of them struck. He
got the money from the oil to buy the Dallas Cowboys,
and he bought the Dallas Cowboys so he could work
with his family. The point of him being in the
hospital talking to John Hann who's dying is Ham doesn't
have a particularly good relationship with his family, and he's
telling him the importance of family. Now, Jerry Jones is
not an actor, and yet he's as good an actor
as I've ever seen his scene. And I wondered when

(01:24:29):
I looked at the camera angle. I'm wondering because they
shot him on an angle where he could actually be
reading it all off in autoque because I thought, how
is it possible he has remembered this dissertation so brilliantly
and eloquently unless he's reading it.

Speaker 9 (01:24:45):
Have you watched all of Yellowstone?

Speaker 2 (01:24:47):
I've never seen any of Yellowstone.

Speaker 9 (01:24:48):
Because they have some real cowboys in that as well.

Speaker 2 (01:24:52):
Do you reckon? They read off in autocare had to say.

Speaker 20 (01:24:55):
I tend to say, this is something that Taylor Sheridan does.
I think the guy creates all these shows.

Speaker 2 (01:25:00):
But Jerick and Jerry Jones was reading off an order
kit No I reckon. He said, just go in there
and say whatever.

Speaker 9 (01:25:05):
You want to say, and you know this guy's dying,
Well I'd say what you.

Speaker 2 (01:25:09):
Would say, because that was a very that was quite
quite a thing, because I.

Speaker 9 (01:25:12):
Think that's what he does with these old cowboys and
things and yellows this is the vibe.

Speaker 2 (01:25:17):
Well, here's the point though, apart from Jerry Jones being
a fantastic actor. Whether he made it up or not,
I don't know, the story that he bought the Devias
Cowboys to hang out with his family is the reason
the Dellas Cowboys have never won anything. And they're one
of those sides that every single year everyone thinks are
going to be brilliant because no one spent more money
on football than his team and his facilities in Jerry Jones,
and yet they never win anything. You know why they

(01:25:38):
don't win anything because he hired all his kids.

Speaker 9 (01:25:41):
Is it a football team? I thought it was just
a cheerleading franchise.

Speaker 2 (01:25:43):
No, they do football as well. It's nine away from nine.

Speaker 1 (01:25:48):
The Mike asking Breakfast with Bailey's real estate news talks.

Speaker 2 (01:25:51):
They become the Officialernardo's. Taylor Sheridan wrote land Man with
Billy Bob Thornton and mind, which is good, isn't it?
And I've never been in that position imagine writing it
with but in mind you go, hey, listen, I wrote
with this you and he goes, I don't want to do?
Then what do you do do you lie? It's like
when you when when someone rings you up to offer
you a job and you go, am I the first person?
What you're looking for is not the answer you go

(01:26:13):
you're looking for the pause, whether they're good liars and
that game? Am I the first person? You call it
too long? I'm second Artur Jerry Jones did it one take?

Speaker 8 (01:26:22):
Now?

Speaker 2 (01:26:22):
I don't know that's true. If it is, it's it's phenomenal.
It's absolutely phenomenal. Billy Bob's speech about oil and wind
turbines is an instant classic. That's true, and so.

Speaker 9 (01:26:34):
It says that there's a lot of good stuff out
on it this He didn't.

Speaker 2 (01:26:37):
You point to me off here that he gives some
great lines about renewables and oil and the cost of
and how oil works and what it needs to be
a barrel and the boom and the bust and stuff
that's all cool.

Speaker 20 (01:26:45):
I just love how this the whole world collapses in
all around him and he just carries on being and
the whole time his jeans don't really fit him properly the.

Speaker 2 (01:26:53):
Whole No, No, he's got that look. He looks pretty
good for sixty nine. I looked him up and I thought,
how old is he go? I had him at sixty three,
and he's actually sixty nine, five minutes away from nine.

Speaker 1 (01:27:01):
Trending now with chemist ware house, great savings every day.

Speaker 2 (01:27:07):
We've had a bit of reaction this morning to the
Civil Defense alert thing that you know, people who are
up and away from the sea got them, and you
do understand, And I said this, you do understand. They
don't have a system whereby they can only send messages
to people who are on the coast. I mean that
AI might bring us that one day, but right now
they don't. So pretty much everyone gets a message.

Speaker 20 (01:27:26):
And in New Zealand we are all closer to the
very coast that it would take us less time to
get to the coast than a tsunami from Russia would
take to get here, So we're all at risk.

Speaker 2 (01:27:37):
Saying thanks Glenn, now go go down and do your
day job at the Civil Defense office. Anyway, in Japan
they got similar alerts. Two million people were ordered to evacuate.
And of course in Japan nothing nothing's happened anywhere really,
even and I was watching the camera and in that
weird place in Russia yesterday nothing appeared to happen there
either there's next to nothing there, but what was there?

(01:28:01):
Nothing happened, So they had this massive earthquake and all
the buildings were still standing, and I thought that's odd anyway,
Be that as it may. It also picked the people
who are on holiday in Hawaii.

Speaker 21 (01:28:09):
We were up visiting Volcano National Park, and so the
tsunami warning go off on our phones, and then one
of the tour operators from our cruise ship, the Fraid
of America, said everyone back to the ship as fast
as you can. Ship's leaving at three point thirty, and
we we knew at that point.

Speaker 2 (01:28:28):
We weren't going to make it.

Speaker 21 (01:28:29):
So it's fulling away now.

Speaker 2 (01:28:33):
So he's standing on the dock watching his cruise ship
with all his clothes and stuff, because that's the beauty
of cruising. Once you unpack, you don't have to unpack again.
So that's just sailing off without it. I must admit,
the last time I was in Hawaii, I stayed at
that pink one. What's the pink one called on Wykaki,
It's called the Pink Palace or the Pink whatever anyway,

(01:28:54):
and I was thinking I was trying to envisage last
night if I was there when that happened, yes, today
and the alerts were going, what pull up? Would I
stay in the hotel? Would they? First of all, would
they allow me to stay in the hotel? And if
they would allow me to stay in the hotel, would
I be okay? Even if a surge came ashore and
sort of swept through the first floor of the hotel

(01:29:15):
and I'm on floor thirteen, you know what I mean.

Speaker 9 (01:29:17):
There wouldn't be a floor thirteen and the Royal Vine.

Speaker 2 (01:29:21):
Or whatever anyway.

Speaker 9 (01:29:23):
And more importantly, would they still be doing room service?

Speaker 2 (01:29:25):
Apparently Oprah, who's got a big property there, has a
private road and the private road is a short cut
across the island where a lot of people needed to go.
And the ongoing dispute at the moment is whether Oprah
would or wouldn't open her road because there was chaos.
And that's that's in all the tabloid news today. So
if you want to follow that, and.

Speaker 9 (01:29:46):
Why is course there are a lot of eggs, hasn't.

Speaker 2 (01:29:48):
It very much?

Speaker 7 (01:29:48):
Sir?

Speaker 2 (01:29:49):
Now We're out of here and back tomorrow morning at
Sexegy as always, Cabby Days

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

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