Full Show Podcast: 23 July 2024

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Setting the news agenda and digging into the issues. The
Mike Hosking Breakfast with Jaguar, The Art of Performance News Talk.

Speaker 2 (00:09):
Sad be Morning and welcome today. The Board of Health
New Zealand sack the commissioners in to try and dig
through the layers and layers and layers and layers of
management the PM and a former board chair on that.
We talked to a top Republican strategist on how they
handle Harris and can they handle Harris given we don't
know it's actually Harris has yet. Mark Gilbert, by the way,
good friend of the Bidens and Harris, former US Ambassador
to New Zealand with us after eight o'clock. Mark Robinson

(00:32):
of the NSID are on whether San Diego is a hit,
Catherine Field in Paris where the hotels are empty, and
rob Little does the UK for US. Hosking, Welcome to
the day. Seven past six. Media outlets around the world
rolled out the predictable article yesterday post the announcement with
the headline who is Carmela Harris? They rolled out the
same article you might remember several years ago when she
got picked as VP as well. Depending on whether those

(00:53):
articles are applicable in America depends a little bit on
whether she can now go on and win. The VP
of Core isn't really a thing. I mean, they say
it is, but Mike Pence was a good example before
Karmala Harris that really it's a figurehead job. Yes, your
one heart beat away from the presidency, but no one
honestly expects that to mean anything except in the Harris case.
You remember, she was meant to be something. She was

(01:16):
meant to be the replacement when Joe bailed either at
the end of the first term or anointed her at
the start of the second. She was the succession plan
because Biden's job was to beat Trump and then retire.
The reason that never came to pass was Harris turned
out to be a dud. And the problem with that
is the job she never got handed on merit. She
now potentially gets handed by default. So the question is

(01:36):
can she run on a record that isn't Biden, given
she is inextricably linked to the administration, or does she
sink because of it? How much of Biden's lack of
support was because he was old and befuddled? How much
did Americans not see the good stuff in the economy
because of Biden, and maybe they can now see it
under Harris. Is Harris so much better known than any
of the other possibilities like Newsom or Whitmer that she

(01:59):
has too much of an inn built advantage to risk
a real, unknown, very real question, even though many would
argue it shouldn't be, is the Clinton question? Is America
ready for a female president? Did Clinton lose because she
was a woman a Clinton or because Trump was better?
These are all live questions. Upside as the big money
you're starting to flow for Harris that wasn't for Biden.

(02:20):
She knows how the White House works the others don't,
and she might might be able to grow the Democratic
turnout from those who would have stayed at home because
Biden was too old to take seriously. Also, none of
the others are so obviously better than her that you
can't go past them, So you can make a case
for her. But make no mistake, this is now and

(02:40):
still is Trump's to lose.

Speaker 3 (02:44):
News of the world in ninety second now.

Speaker 2 (02:46):
There was much anticipation, in fact, about an hour ago,
that Carmela was going to break cover, as the tabloids say,
and get in front of some people and say something
dramatic like, hey, how about Joe and me becoming the president?
But she didn't.

Speaker 4 (02:58):
I am first had wet that every day our President
Joe Biden fights for the American people and we are deeply,
deeply grateful for his service to our nation.

Speaker 2 (03:13):
Yeah, okay, but what she has done is get that
money flying. As I say, and some dames like shift
super excited. I haven't seen this kind of excitement in
the Democratic Party in quite a long time.

Speaker 3 (03:24):
This is a concredible matchup.

Speaker 2 (03:26):
We've got a former prosecutor running against a convicted fell
and that's the big line for this rice. Of course,
this blok wasn't too impress tho. She's not a competent person.

Speaker 3 (03:35):
She shouldn't be presidental.

Speaker 5 (03:37):
I mean, she's being left at all over the world.

Speaker 2 (03:39):
Then we come to the other business on the hill
where the lower micros back in town. It's a Monday.
They want some monsters from the head of the Secret Service.

Speaker 6 (03:45):
We do have a no fail mission, and our folks
are tasked with that every day, three hundred and sixty
five days of the year. But I can tell you
I've also taken a number of measures since I've been
the director to recruit and retain and stem the tide
of attrition in our agency.

Speaker 2 (04:00):
The Dems were trying to run some sort of interference for.

Speaker 7 (04:03):
Her thirty six regular client. You've got that you protect constantly.
But I was participating in the NATO summit just two
weeks ago. We had thirty two has a government and
has a state, plus visiting has a state and has
a government. Presumably you provided protection for all.

Speaker 2 (04:21):
Of them, that is correct, and not a single one
got shot. So good day of the office. And then
we come to Bangladesh where despite the courts backing down,
the fallout from the carriage and the protests are still
being filled. My nephew was an innocent child. Why did
they kill him in such a brutal way. Finally, Venice
is claiming a win for the tourism tax, so the
five euro entrance fee was tested for a month. You

(04:43):
might remember, brought in a bit over four million when
it was expected to bring him just over one point
two million, So that's the good side. Tourist numbers didn't
drop dramatically, no surprise there, which was the goal. But
over the twenty nine day test they never hit a
peak attendance day. I never broke that record number of
people coming on the weekend increase during the trial period.
So the mayor says, the plan now is to work
out what busy periods they're going to reinstated for. Here's

(05:05):
the world of moment. Yeah, CrowdStrike. They're probably grateful that
they've got a little bit of cover from the Secret Service,
from Biden, from Harris, from the whole mess. But the
lawyers are circling. They've started to put a figure on this.
They think the CrowdStrike mess globally is going to top
a billion quote unquote. If you're a lawyer for CrowdStrike,
you're probably not going to enjoy the rest of summer.

(05:26):
I think that's an understatement. And being once again America
and a Monday, the Guggenheim Securities people have downgraded their
stock signings could be affected, no kidding, shares of slip
thirteen percent. Twelve past six.

Speaker 3 (05:40):
The Mike hosting Breakfast.

Speaker 2 (05:41):
Imported to catch up with Rod later on this morning.
Because as part of the politics of the new government,
of course, they've scrapped the Rwanda thing, illegal immigration. Send
them all up to Rwanda, they claim. Now the Tories
we're going to spend twenty billion dollars making that happen.
So more on that. Later fifteen past six, we found
from jam I Well Andrew kelliher good morning.

Speaker 8 (06:04):
Happy to be back to Mike, Happy to be back.

Speaker 2 (06:06):
How is Byron Bay?

Speaker 8 (06:08):
It was wonderful, It was fantastic.

Speaker 9 (06:10):
There's an air of optimism and you know, some of
the things you don't get here at the moment.

Speaker 2 (06:16):
Good stuff. I hope you had a good time. Vida
Is it a go? Is it a cell? They recommend it,
they seem to like it, they seem.

Speaker 3 (06:23):
To like you.

Speaker 9 (06:23):
I go away for a week, Mike and the New
Zealand chair Mike has just sprung back into life. There's
actually activity going on. So yeah, let's talk about our Vida.
I maybe not as well known as the Rymands and
the Somersets of the retirement sector, but look it is
a significant player. It's listed on the internetx that has
been listed for ten years and it boasts thirty five
communities throughout New Zealand with a bias sort of age

(06:45):
care as opposed to as a retirement village. And Mike,
this has been a tough sector though, hasn't it. You know,
particularly the retirement village sector, which is affected by the
health of the residential property sector because if you want
to buy yourself a retirement unit, you need to tell
your house.

Speaker 8 (06:59):
So it's a sect to where the listed companies have seen.

Speaker 9 (07:02):
Their share prices under pressure and what happens inevitably when
share prices get to a point that they attract capital
because there is a price for everything, Mike, as we know.

Speaker 8 (07:12):
So.

Speaker 9 (07:13):
But despite this is despite the attraction Vida has attracted
the couple despite a couple of years a week earnings
because in Alvida's view, age care needs more government funding.

Speaker 8 (07:24):
Look.

Speaker 9 (07:25):
Alvida have previously batted away a takeover approach that was
in December twenty twenty three that then prompted a strategic
review from management in the board. They were looking to
present a range of options to realize value for the shareholders.
Yesterday that was announcement on the insidets that the board
was unanimously recommending that shareholders accept a takeover bid coming
from a company called Stone Peak. It was priced of

(07:48):
dollars seventy That is a very healthy premium to where
the share pass last share price last traded, which is
a sixty five percent premium values are Vida well over
a billion dollars.

Speaker 8 (08:00):
It's not chump change.

Speaker 9 (08:01):
Look, it's given a boost to the whole Secretor if
I look at other operators, Somer sets up one and
a half percent, Yes, so their share price, Rhyman up
seven and a half percent, Oceani another smaller up eighteen percent,
loot Stone peak Mike.

Speaker 8 (08:14):
I don't really don't know an awful lot about them.

Speaker 9 (08:16):
Their New York base, They've got offices around the world,
including in Sydney, but they are big, over seventy.

Speaker 8 (08:22):
Billion dollars worth of basis under management. Mike. It's what's
called a scheme of.

Speaker 9 (08:26):
Arrangement, so there's quite a lot of process involved to
get the bid through to its conclusion, including regulatory approval.
I'd give it a reasonable chance of success, though, I
think shareholders will be attracted by that premium, but it
will take a little while.

Speaker 8 (08:40):
This won't happen overnight.

Speaker 2 (08:41):
And then the other thing, Sir Stephen Tindall loves the
warehouse so much he wants to have another crack.

Speaker 9 (08:45):
Is that on set back well, or he wants to
see the share price higher. Then you have got You've
got the warehouse and play. Now, it's not unsurprising, Mike.
It's not the only company on the ENZ and X
where speculation has been bubbling under the surface. You've got
companies that are pretty poor share price performance. So yesterday
we've got an industring and maybe a little unusual announcement.
Warehouse issued a don't sell notice to shareholders. Let's be

(09:08):
clear about one thing though. There is no official bid
for the company, but the announcement revealed that the Warehouse
received has received an approach from Sirs Stephen Tyndall and
private equity firm adaman Ten Capital in relation to potential
interest in acquiring its shares. So the company or the
directors have advised people not to sell, pending further advice

(09:28):
from said directors. Now, this all follows a report in
Australia and the Australian media that something is brewing. So
something's happening in the background, we just don't have any
concrete information on it. Sirs Stephen Tindall, obviously, for people
out there that don't know, is the original founder of
the Warehouse Group back in nineteen eighty two on.

Speaker 8 (09:45):
The Sunny North Shore.

Speaker 9 (09:46):
Now, interests associated with Sirs Stephen, including the Tendall Foundation
own just under fifty percent of the shares in the warehouse,
so they are fairly committed to this business. The share
price has recently fallen to under a dollar and twenty
twenty one it did peak over four dollars. That they've
had week operational performance. They're in the middle of restructure.
They've been shedding assets, so it's not unusual that something

(10:09):
has happened because the chepa's got so low.

Speaker 8 (10:11):
Who are ad a Man ten.

Speaker 9 (10:12):
They're an Australian private equity group. They remember hellas the
South Poland.

Speaker 8 (10:16):
Yeah, they were involved with Heller's.

Speaker 9 (10:18):
Look, we've got to watch the space surface jump twenty
five percent yesterday, but we've clearly got to wait and
see what happens. But potentially, Mike, you've got another couple
of companies that could leave the inside acts and so
that is the negative side of this.

Speaker 2 (10:30):
Right numbers, Please, it's all looking wonderful out there.

Speaker 8 (10:35):
So I go away and things just go up? Is
there a message in that anyway?

Speaker 9 (10:39):
The Dow Jones is up seventy seven points forty three
hundred and sixty three. The S and P five hundred
is up over one percent overnight, up fifty seven points
five five sixty two and the Nasak storming up one
point seven percent. It's over eighteen thy eighteen twenty six.
The fort two one hundred gained over half percent overnight
eight one nine eight. The Niket was down just over

(11:00):
one percent thirty nine thousand, five hundred and ninety nine,
showing her composite to ninety six four.

Speaker 8 (11:04):
It was down eighteen.

Speaker 9 (11:06):
The Assis yesterday lost half a percent, down forty points
seven nine to three to one, and the Inzac's closed
at twelve thousand, three hundred and nine down points one
three percent. Kimi dollar is weaker. That's because we think
intrastrcts might come down. It's at point five nine seven
eight against the US, point eight nine nine nine against
the Aussie, point five four eight nine against the Euro,

(11:26):
point four six two six pounds ninety three point ninety
five against the Japanese. End gold is training at two thousand,
three hundred and ninety three dollars in Brent crewed eighty
two dollars and twenty five cents.

Speaker 2 (11:36):
Good to have you back, Andrew kellaher Jmiwealth dot Co
dot m z Rosky. The bag are show once every
couple of years. I work you through that in a
couple of minutes because it's interesting. But Korean Air have
opened orders with Boeing no less, so they will be
absolutely wetting their pants with excitement given their problems. So
Korean Air want a mix of the seven eight seven
Dreamliners and the new Triple seven Ex's, which is the

(11:56):
long range stuff they have and actually got out yet
vote of confidence. The bloke who runs Korean says, if
I wasn't assured, I wouldn't have ordered. So that's a
nice start of the day. Six twenty one. Here a
news talk SeeDB.

Speaker 3 (12:11):
The Mic Hosking Breakfast.

Speaker 2 (12:13):
So things are moving if you think it's just twenty
four hours ago that Biden quit. So we got the
Pelosi endorsement just an hour or so ago. We still
don't have the Obama endorsement. What about Hakeem Jefferies.

Speaker 10 (12:23):
Vice President. Kamala Harris has excited the community, she's excited
the House Democratic Caucus, and she's exciting the country. And
so I'm looking forward to sitting down with her in
person in short order with Leader Schumer, and we'll have
more to say about the path forward as soon as

(12:45):
that meeting.

Speaker 1 (12:47):
Trending now with the chemist Wells keeping Kiwi's healthy all
year round.

Speaker 2 (12:52):
Not quite yet, Ryan Riddles, Hugh Jackman. They've been on
the BBC where they played this weird game called unpopular Opinion.
Guests ring up and give the opinion for consideration. A
woman rang up and said dog Treats tasted good. Sid
dead Pool and Wolverine should have been a musical. It's
that kind of fun. So then the lads get to
have a crack huge.

Speaker 11 (13:12):
Surely you've got surely you've got a cricketing unpopular opinion.

Speaker 3 (13:15):
I'll say something unpopular please.

Speaker 8 (13:17):
I love basball?

Speaker 11 (13:19):
Wow?

Speaker 3 (13:19):
Yep?

Speaker 7 (13:20):
Do they call it basball in Australia.

Speaker 2 (13:23):
Everyone everyone will understand.

Speaker 12 (13:25):
But it's a very aggressive, positive way of playing the game,
so going for a result, always no drawers for it. Yeah,
and England have sort of been the ones behind it
and it's been awesome because Australia kid, it's.

Speaker 8 (13:37):
A cricket but.

Speaker 2 (13:39):
You couldn't resist coming.

Speaker 3 (13:42):
There's always a kiss and the desk.

Speaker 2 (13:43):
The kiss always followed by the desks.

Speaker 3 (13:45):
Now I'm a fan.

Speaker 2 (13:46):
Okay, so he's a fan. Apparently. I read a review
this morning. It's in the Herald. They're very good together
still to come on the programme, bred Olson. They've done
some interesting I will ask him because is there a
conflict of interest Bradley and for me Tricks has done
some work on AIRB and B as commissioned by AIRB
and B. So hang on here, Bradley. Anyway, they've worked

(14:08):
out that Airbnb is not affecting the property market in
the way that you might suspect. So many people say, well,
you know, supplies an issue because everyone's but Airbn being
their house. Are rent an issue because everyone's airb and
being the house and that affects supply, et cetera. Not
so is the word. We also need to look at
the big sacking yesterday of the board. Was anyone left
on the border that all wandered off? Anyway, the bloke
who was the chair of the board, Lester Levy, who

(14:28):
has been around Health forever, he's now the commissioner and
he's in charge of working his way through the layers.
He'll need crampons and night lights and everything to get
through that loss and try and get health thirty billion
dollars worth of health business in this country. Anyway, he's
with us after seven o'clock meantime, the news is next
air ad Newstalk SAIDB, you're.

Speaker 1 (14:47):
Trusted home for news for its entertainment's opinion and fighting
a my Hosking breakfast with Bailey's real estate doing real
estate differently since nineteen seventy three.

Speaker 3 (14:57):
News Talk said, B.

Speaker 2 (14:58):
I've got JD on the care campaign trial.

Speaker 3 (15:00):
He actually cares about people's families.

Speaker 13 (15:03):
He cares about my family, but he cares about your
family too, and he wants to believe that his generation
left this country off in a better place than when
they found it.

Speaker 3 (15:13):
That's why he's done this.

Speaker 13 (15:15):
I mean, you know, talk about myself all day, but
let's talk about the man who was a business leader,
who had billions of dollars, who didn't need any of
the sacrifices that public service created, and yet he went
out there and he did it anyway.

Speaker 2 (15:31):
Middletown, Ohio and ged Evance this morning on the campaign trial, Well,
the river's filthy and the tourism isn't working the way
they thought it would, but the games were out in anyway,
Catherine Field and francept is very shortly meantime back here
at twenty three minutes away from save an interesting new
insight into the wrinkle MIC and where the Airbnb has
had an effect on process the anthropey is to be No.

(15:52):
This comes out of a study done by Infimetric Chief
executive principal economist Brad Olson is with us on this
Braad morning. Just to clear this up. You were commissioned
by Airbnb to do this. Did you get stitched up
as this legit?

Speaker 14 (16:06):
It is legit and no, I don't get stitched up MIC.
I think a lot more of myself and I think
others think a lot more of us for this. But
I think this is probably why Airbnb came to us.
I said, look, everyone always talks about what the effect
of Airbnb and similar might be on the rental market.
No one's actually done the numbers. We sort of just
talked about it. Can you go and do the figures?
And we did. We went into it with an open
mind and what we found was that actually the largest

(16:28):
influence on the rental and housing markets are fun enough
population growth, but also the interest rates airbnbs have. Other
short term rental accommodation doesn't have a particularly big influence
at all, which makes sense given the sorts of population growth.
And similarly, you've had over years, and suggests that again,
you really just need to increase the supply of houses
across the board if you want to improve housing outcomes.

Speaker 2 (16:51):
All right, let me pick up on a couple of
things here. If we didn't have the immigration growth we had,
would it be different?

Speaker 14 (16:57):
Well, I think it probably would be. Also, then need
to look at other parts of the economy in terms
of the labor market and similar. Would we have the
right skills? Would we have the right people to do things?
I think it's more that if we're going to have
migration levels like we've had it, and I actually think
that's a good thing, we sort of also have to
resource it well at the right time. And I think
you know, when we went through this analysis, we pulled

(17:18):
together a bunch of data on the lights of the
housing market over a longer period of time, growth in
the dwellings and similar and it continues to suggest every
report that we seem to do on the housing market
suggests that we just need to continually build more.

Speaker 2 (17:31):
Right, So are you suggesting immigration aside that there aren't
enough AIRB and B houses to affect the price because
logic would indicate that if there's a house sitting on
a street and it's AIRB and BT as opposed to
rent it, that must in some way, shape or form
affect the rental market.

Speaker 14 (17:48):
Well, that's the interesting thing. That was another thing that
we did test through the analysiss because there's always this idea, Mike,
if you have an airbnb, if it wasn't in an airbnb,
it would definitely be along funmental and we found often
just wasn't the case. Particularly in Queenstown for example, we
found a number of areas where even before Airbnb was
ever a thing, yet quite a lot of holiday homes

(18:09):
and similar So just because the house is there doesn't
mean it will be a long term rental. And therefore
that's where when we went through some of those figures,
that's where we found it actually there wouldn't necessarily be
a huge conversion through What we also found, and I
think this was sort of particularly interesting, is that often
I think we sort of condense a few different issues
together and that's where you often get this talk of

(18:30):
airbnb's having a greater influence than they do. I sort
of liken it in a sense that if you had
a look on a cold winter's day and you saw
that there was an increasing sale for jackets and an
increasing sale for heat pumps. You could make the inference
that higher jacket sales influence higher heat pump sales. Not really,
it's that there's actually a common factor, which is the temperature.

(18:50):
For airbnbs, there's more airbnbs over time, as well as
higher rental prices because there's more population. That is what
it boiled down to. When we sort of looked at
all of the figures together, we put them all into
our model and we said, what is the biggest influence
on these outcomes on rents and house prices? Population growth
came out of a country bile ahead. I mean for Queenstown,
for example. We estimate that broadly, over the last six years,

(19:13):
the likes of population growth contributed about a one hundred
and one dollar per week increase in rents. Airbnb did
around eleven dollars. Right.

Speaker 2 (19:21):
Would you as Queenstown unique though, because there'd be a
lot of flash houses in Queenstown that yes, you'd hire
out for five nights in a year at two thousand
dollars a night versus having some ski bum hang out
for fifteen hundred dollars. We can wreck your house.

Speaker 14 (19:37):
Quite possible, and I think the thing with Queenstownd that's
why we did spend a bit more time on it
because it does have a much larger concentration of short
term rental accommodation and similar so we did have a
bit of a look at that. That's why I just
gave you those numbers to try and highlight that figure.
When we looked at other areas though, So we looked
at the likes of Auckland, Wellington, christ Church, much much
bigger areas, the concentration of airbnbs in those areas quite

(20:00):
a bit smaller, so they just don't really have any
discernible effect. I mean you're talking. I think it's since
per week, since per month's difference for as airbnbs do,
so it's just not a significant influence.

Speaker 2 (20:10):
Good insight, mate, Nice to have you on the program.
Has always Brad Olsen in for Metrics, Chief Executive, eighteen
minutes away from seven past, Get yeah, fun bro, it's
every couple of years. Here's what's interesting about the aviation
sector of the moment. They cannot make enough planes. Isn't
that still extraordinary? They cannot make enough planes, so they're
not expecting huge numbers of orders at this particular show

(20:33):
because basically they're stuck air Bus currently. So you've got
Airbus and Boeing. You know about Boeing, but Airbus has
a backlog of eight thousand, six hundred and twenty six
orders to get through by the end of last year.
Now last year is already finished and they didn't do it.
So Boeing's only got five thy six hundred for obvious reasons.

(20:53):
So the problem at the moment is we're desperate to travel.
We're still going to spend the money. The airlines want
to increase capacity, but they kin'd stuck at the moment.
Seventeen to two.

Speaker 3 (21:03):
The Mike Costing Breakfast.

Speaker 2 (21:06):
Hi, Mike, can you give a breakdown of the six
thousand dollars that's my share of the healthcare? How much
of that actually goes into real healthcare and how much
into management? Joan, what a very very good question. That
six thousand dollars is my number. By the way, I
took thirty billion to buy by the population point being
and this is what Shane Reddy was trying to say yesterday.
They didn't know. They can't see there's no what they
call line of sight. So you sit on the board

(21:26):
and you go, no, we think we're going to make
some sort of surplus. The oh, hold on, no, we're not.
We're losing one hundred and thirty million dollars a month.
So one moment you think you're up, the next minute
you're going down the googler to the tune of billions.
How do we explain that? So more on that after
seven o'clock fourteen.

Speaker 15 (21:41):
Two International Correspondence with ends an eye insurance, peace of
mind for New Zealand business.

Speaker 2 (21:47):
In other words, Mansking the question that wouldn't have a clue?
Catherine Field, morning to you. Good morning mate. I'm reading
a lot about these Olympics, and I'm looking at occupancy
rates here Paris hotels eighty percent, which is below the
ninety percent for London and two thousand and twelve ninety
four percent for Rio Dejaneira in twenty sixteen. What's gone wrong?

Speaker 8 (22:05):
Mike?

Speaker 16 (22:06):
If I could find a hotel owner to tell me
he's got eighty percent occupancy, my dog will be so
much easier. I have not met one that has that
much occupancy. They are lucky if they're getting seventy percent. Really, Mike,
it's I think you know, thinking back, I think last
year when they originally came up with these completely bizarre

(22:26):
prices of eight hundred euros a night for a room,
and that was sort of, you know, the minimum price.
They've essentially just pushed themselves out of the market, pushed
tourists away. I think the other thing, Mike is security
is so intense in Paris, so anyone who was thinking
of coming here would now say, no, you cannot get

(22:48):
within about a kilometer of the Eiffel Tower. And whilst
she's beautiful to look out from a distance, it's also
quite nice to go and sit and have a look
and walk and perhaps even to visit the Eiffel Tower.
So you've got, you know, this dreadful combination mic of
incredibly expensive hotels. You've got you can't get anywhere in
the center of Paris, and it's almost for people who

(23:09):
are living there a bit like lockdown, because you have
to have a special path to be able to get home.

Speaker 2 (23:14):
Is this because of one just purely the Olympics, or
is it a French interpretation of security for the Olympics,
or it's genuinely needed and accepted by everybody.

Speaker 16 (23:25):
It's for the opening ceremony, Mike, it really is. And
as all came into play on the eighteenth of July,
and let's not forget that the opening ceremony isn't until
the twenty sixth of July. They are absolutely besides themselves
in nerves. They say they've got that forty five thousand police,
security and troops ready.

Speaker 17 (23:45):
For that day.

Speaker 16 (23:47):
It is really that they want it to go well.
Just a couple of hours ago is that the Elisa
Pallas where Manuel Macron was there with the IOC head
Thomas Back and he said, you guys, we thought we
were crazy when we started this idea of having it
on the sand, but now we're going to do it.
We're going to do it well. And that's what they want, Mike.

(24:07):
They realized this is the zillion dollar tourist spot and
that more people are going to watch it on TV
because they're going to see this amazing show, they're going
to see the sand, they're going to see everything on
their TV screens. And this they're thinking of not just
for the Olympics, but also to tell people around the world, Hey,
come to.

Speaker 2 (24:26):
Paris, Okay, is anyone going to swim in the scene
And like I don't know. I think called the Triathlona.
This is living work that out.

Speaker 16 (24:32):
Yet they say it's going to be okay. Of course
we had last week the Mara of Paris went for
a dip there and they say that the for some reason, Mike,
all of a sudden, it's come very clean, and that
the two bugs that they test for in the water
are at the lowest rate they've been for several months. However,
they have let us know that if it's not that clean,

(24:55):
then the particularly the marathon swimmers will move oun't to
the east of Paris into the man region, which is
where the kayak king and the canoeing area is, and
they'll be able to do their marathon swims there. But
they're pretty hopeful still, mate, even if that river is
running very fast and still looks very swollen.

Speaker 2 (25:12):
Super quick. Because you know, I'm concerned. You got a.

Speaker 16 (25:14):
Government oh good heaven snow, no good, heaven snow that
I'm still arguing about who they're going to put forward
as the prime minister. But we do have a Speaker
of the House, and everyone thinks that was a rigged
vote because the former Speaker of the House, which is
one of the original Emmanual Macron appointees was elected back
to the post.

Speaker 2 (25:35):
Okay, you go, I just confirmed once again. I'm out
of time. So it's my old discipline. Just that I
wasn't making this up. The surfing for the Olympics is
in Tahiti, isn't it.

Speaker 16 (25:45):
Tahiti is part of the French.

Speaker 2 (25:47):
Yeah, I get that. But if I'm a surfer, what
a rip? So I'm stuck on a boat in the
middle of nowhere, miles thousands of miles away from the
actual event. I mean, that's weird, isn't it.

Speaker 16 (25:58):
Well, here's the thing. What this There's always surfing events
this time of year in Tahiti.

Speaker 2 (26:03):
They know they're going to get the surf.

Speaker 16 (26:05):
However, there are people down in the southwest of France
who have a lot of surfers down there that's in
great waves down and beards. They say it should have
been there.

Speaker 2 (26:14):
Yeah, exactly. All right. Nice to catch up, Catherine. Good
to see you next Tuesday. Catherine Field out of France,
Prius nine away from seven.

Speaker 3 (26:20):
On cost Breakfast on air and on iHeart Radio News.

Speaker 2 (26:24):
Talk Ted be wanting Michael's surfas get flown to Paris
for the crowsing Ceremony's still weird. And you go, you
live on a cruise ship and then you go surfing
during the day. It seems strange. Mike, We're in Paris.
I get why they've done it. Just seems weird. Mike.
We're in Paris five weeks ago. It was stunning, pricey,
but beautiful. We did it all. We did wonder how
much they needed to get done within a month before
the start, but our sun reports he's working for the Olympics.

(26:45):
It's all done. I wouldn't swim in the water, even
with a full and tactic dry suit. Thank you a
link of hope you enjoyed your time. Got some survey
action from IPSOS and the Washington Post. The question was
fairly simple, who is your choice for the Democratic nominee?
They serve a Democrats and the answers as follows Michelle
Obama eight percent. And that's not because Michelle Obama isn't

(27:07):
positive or popular. It's because Michelle Obama is not actually
running and most people have actually worked that out. Gavin Newsom,
for all the people who said, I Tollma Schao comes
and what are you going to do? You depressed about that?

Speaker 1 (27:18):
Well, it's because all that political experience that she's got
being a politician.

Speaker 2 (27:23):
Oh no, Gavin Newsom fourteen percent. And I've argued that
all along. No one knows who Gavin Newsom is. Unless
you're a political wonk or live in California, no one
knows who he is. Karmala Harris fifty nine. So fifty
nine v fourteen v eight there's your answer. Five away
from seven.

Speaker 3 (27:39):
Ply in and the ouse.

Speaker 1 (27:41):
It's the fizz with business fiber take your business productivity
to the next level.

Speaker 17 (27:46):
Yeah.

Speaker 2 (27:46):
But going on in aviation, as I have alluded to
this morning the Farmber air Show this week, demand for
planes is up. Supply chain, as I told you, is
a bit of a problem. But at the budget end
of the market this is interesting. Europe's largest carrier, Overnight
Ryan here, big big drop in profits and they don't
end in sight Q two profit after tacks came in
at seven hundred and thirty of our dollars seven hundred
and thirty million of our dollars. That's a forty six

(28:08):
percent drop. Analysts had it coming in at nine to fifty,
So seven thirty is not nine to fifty, so that
was even worse. Passengers have become more frugal, and because
of that, they're having to drop those fares year on year.
The average fair has dropped fifteen percent. In June average
cost of a Ryan air fair. This gives you some
sort of indication of what budget air lines are like.

(28:28):
Average fare in June was seventy six dollars. Seventy six dollars.
You can't get an uber in New Zealand for seventy
six dollars, down from ninety As have heard the drop
of ten percent they reckon coming. In August, revenue per
passenger was down ten percent, while their operating costs, of course,
were up eleven percent because higher wages. So over all
the company has lost twenty five percent of their share
price in the last twelve months. Speaking of Biden, by

(28:50):
the way, Mark Gilbert, you'll remember the name baseball player,
turned out to be an ambassador for New Zealand back
in twenty fifteen through seventeen. He was nominated by Obama.
He's been pretty much a lifelong friend of Joe. Biden
knows Karmlala Harris very well as well, so we'll get
his insight as to how he sees this thing unfolding
from the Republican side of the equation. Amy to Kennion

(29:13):
is with the Republican soci'll talk to us after seven
o'clock in a couple of moments. And then Mark Robinson,
who of course runs New Zealand Rugby this San Diego experiment.
Do they know it's a success. I mean, you know
where he's going to come on. I'll say, Hi, Mark,
was it a success? You go, oh, absolutely, fantastic, Mike.
But we're going to cut through that sort of jargon.
We're going to go through a few kpies and see

(29:34):
what really happened there in San Diego.

Speaker 1 (29:38):
The newsmakers and the personalities the big names talk to,
like my asking breakfast with Jaguar, the art of performance
news Tom said.

Speaker 2 (29:48):
Been warning seven past seven as we await the US
President to return to Washington and talk the world through
his decision. Momentum. APEE is to be growing behind KRMLA
Harris as a replacement candidate. Money's flowing as well as
the endorsements, and the Republicans are out on the campaign
trial the.

Speaker 13 (30:01):
Idea of selecting the Democrat Party's nominee. Because George Soros
and Barack Obama in a couple of elite Democrats got
in a smoke filled room and decided to throw Joe
Biden overboard.

Speaker 2 (30:14):
That is not how it works.

Speaker 13 (30:16):
That is a threat to democracy, not the Republican Party,
which is fighting for democracy every single day.

Speaker 2 (30:22):
Now Republicans strategist informing about a Republican Party chair Amy
ta Kenyan's with us, Amy, morning to you. Thank you
for having me, not at all, Just broadly speaking, When
you go back to Butler and you look at what
happened on Sunday, your time with the with Biden stepping away,
do you feel like history is unfolding in front of
your eyes?

Speaker 18 (30:40):
Oh, one hundred percent. In fact, there's so many twists
and turns this couldn't even you know, be one of
the best movie scripts that anyone could even come up
with on their own. I mean, this has been completely wild.

Speaker 2 (30:51):
How does how does the Republican Party handle Kamala given
Kalmala is not quite official until she is official, and
she may or may not be official.

Speaker 18 (31:02):
Sure, well, I think unfortunately, we're going to have a
very vicious next three months. Since we have social media
and uh, you know, video that doesn't disappear, You're going
to have the three, and the three being Donald Trump,
Jade Vance, his VP choice, and then Kamala and we're
waiting to see who she chooses as her running mate.
But those three in particular at this moment, there's plenty

(31:23):
of footage to use against one another, plenty of verbiage
to use, plenty of vitriol, plenty of of uh, you know,
very toxic uh words that could be used against them,
for for each side to to not like about either
of them. And so, you know, we are in a

(31:43):
day and age where I think the the the knuckle
uh you know, the beatdowns are just it's a whole
nother level. It's not it's not like back in the
day where you could sit there and just talk about
each other's views and issues and it's stances and that's
really where we should be. But we don't do that anymore.
We're demeaning, we knock people down, We you know, mischaracterize

(32:08):
one another. And I think this is probably gonna be
one of the most vicious we've ever seen.

Speaker 2 (32:13):
Your answer indicates that the message from Joe Biden before
I lift to take the temperature down a bit, it's
not going to be listened to, and nothing changes, No.

Speaker 18 (32:21):
It lasted maybe twenty four hours, and then you know,
as soon as that twenty four hours was up, you
already had the name, the name calling, you know, being
flown each at each other.

Speaker 19 (32:32):
And so.

Speaker 18 (32:34):
I had high hopes, but I knew it wasn't going
to last. Unfortunately.

Speaker 2 (32:38):
What's your assessment of Kamala Harris. Let's assume she is
it is she bogged down by the Biden administration, or
does she potentially open up a whole new field of
voters who maybe weren't going to go that way because
they couldn't, you know, hold their nose enough.

Speaker 18 (32:52):
Sure well, let me put an example out there. The
state of Nevada, which I'm from, the fastest growing party
affiliation are nonpartisans and independents, and it's growing at a
rapid pace. Second is Democrats trailing, and third are Republicans.
And I'm hearing more and more each day how people
are failed, disenfranchised. They feel like they're floating on a

(33:15):
raft in the ocean, waiting for land. They don't recognize
their party anymore, and quite honestly, they were disappointed of
the rematch of the two gentlemen. They wanted somebody fresh,
somebody new, so you do have a number of voters
out there, in a large number that still, which is crazy,
have not made up their minds and so those are

(33:37):
the people that they need to really focus on. Both
campaigns need to focus on those nonpartisans and independents.

Speaker 2 (33:43):
Will stay in touch. I appreciate your expertise very much.
Ammy Takennian, who's Republican strategist out of Utah this morning
eleven minutes past seven oskag Another big move from the
government as they replaced the Health New Zealand Board with
the commission that there was a massive budget blow out
of about one hundred and thirty million issue a month
and the claims that they layers of management so thick
no one has a clue where the money's going and
what is being spent on. The former Health New Zealand

(34:05):
chair Rob Campbell's with us on this Rob Morning to you.

Speaker 17 (34:08):
Good morning, Mike.

Speaker 2 (34:09):
As I watched the Prime Minister yesterday, how much is
politics and how much real? Is there that much management?
Does nobody know what's going on? Is it that gargantuinely
a cock up?

Speaker 17 (34:20):
There's a lot of politics and it looked for our
problems and our health system moments kidding anyone about that,
and defar to Aura hasn't been able to deal with
them as quickly as many people hoped you and we
can go into the reasons for that. But there's also
a lot of a lot of politics in this most
recent statement.

Speaker 2 (34:38):
Okay, so did the board deserve to get sacked or not?

Speaker 17 (34:42):
Board has actually disappeared themselves so that there wasn't anyone
left to sack by the time they made this decision,
apart from the ones that just appointed. So it's a
bit dramatic to say they sacked the board. The board
mainly left because they weren't happy with how it was going.

Speaker 2 (34:56):
Were they not happy with how it was going? Because
it does seem weird that when you look at the
numbers they were forecasting, you know, at best some sort
of surplus, maybe about break even. Whops, all of a sudden,
that's one hundred and thirty million dollars a month. How
does that work?

Speaker 17 (35:09):
Well, that's certainly I can't understand that from outside. But
what I would say is is when someone blows a budget,
there's a couple of possibilities. One is that there've been laxed.
The other is that the budget was never right for
the start, and I suspect that it's a mix of both.

Speaker 15 (35:25):
Here.

Speaker 17 (35:26):
I suspect that the original budgeting and the appropriations that
were made were never properly adequate. We're never adequate, and
therefore it's been almost impossible to manage to it. And
that comes back partly to the board, partly to management,
but significantly also to the Ministry. The Ministry, you've got
to remember, presided over the cockup that's our health system

(35:47):
for a long time. It wrote the new rules very
much along with the people from outside consultancies. It's presided
and it's still the steward of the system. It gets
all the information that the board gets, and yet it
wasn't calling out anything about this. So I'm not saying
the board has responsibility, far from it. But the Ministry

(36:07):
should not escape from this. It's the ministry which is
supposed to be stewarding the system.

Speaker 2 (36:12):
Okay, good insight, well done, appreciate it. Rob Campbell form
a chair because Luxon was at pains yesterday to say,
it's not the money, this thirty billion dollars, we just
want quality spent. So anyway, Luccen's with us in about
twenty minutes, thirteen passed ask jobs interesting, genuinely interesting insight
this morning from trade meet applications at an all time high.
That's probably not a surprise. This is for the quarter

(36:34):
April to June. Applications per job are up sixty one percent.
Highest average applications tourism, HOSPO, transport, logistics and retail. Salaries
though are at a record level. How do you explain
that easy average salary a seventy two, seven hundred and
seventeen dollars. That's up three point seven percent. That's because
the low paid jobs are gone. Roles paying less than

(36:56):
sixty grand have dropped sixty percent, so that explains that
record salaries to be found in Auckland by a plenty, Canterbury,
Gisbone and Unawatu, Northland Otago in Southland, job listings for
roles in government and council in Wellington through the floor
down sixty six percent. Number of job applications for government
and council positions up one hundred and nineteen percent. The

(37:19):
total number of job listings down thirty nine percent, so
you can see how dire the economic situation is. Fourteen
pasted the costly racist former US Ambassador to New Zealand.
Mark Gilbert with US after eight o'clock this morning, seventeen
past seven. So let's have a look at the weekends
All Black Test and whether it achieved what it was
supposed to, i e. Sell the game to the Americans.
NZIT Archief Executive Mark Robinson with US Mark Morning morning.

(37:43):
Mike Razors spoke very well about at tailgate parties, plenty
of noise in the injury breaks and all that sort
of stuff. Do you see it as a success and
how so?

Speaker 20 (37:53):
Oh yeah, absolutely, it was a fantastic event. It was
a great week leading up to it. A lot of
levels might but if if you want to focus on
the game, you know it was I think it was
a couple of hundred tickets off sold out, so just
over thirty three thousand people into the ground early, as
well as sailgates stuff going on or set up a

(38:14):
number of merchandise stalls. And the Americans are very different
in terms of the way they approached that. So we
had stalls were you know, long long queues in them,
a lot more music, a lot more people moving in
and around their seats, and a lot more buzz and
hum in the stadium. So look when we look at
the nature of the competition, of the crowd that we had,
about seventy percent of the crowd had come from outside

(38:35):
of San Diego, and there were fans from every state
in the United States at the well wasn't well, we
haven't got that little detail yet, But certainly there were
people I'd bumped the people in the street that had
come from from Dallas and other areas in the South
that we were Americans wanting to understand the game more,

(38:56):
had seen seeing aspects of the World Cup and just
wanted to learn more. So there were, you know, I
think a composition of lots of different nationalities and people
from different states as well.

Speaker 2 (39:06):
So have you got enough there to actually look on
a piece of paper and go, this specifically is what
we did, what we aim for, and therefore we achieved
it or not? Or is it just all vibes.

Speaker 20 (39:17):
I think it's early days with it. I mean, we
met with USA Rugby and World Rugby through the week
and talked about where World Rugby are thinking about the
markets and host cities for the tournament twenty thirty one.
We'll certainly take a gauge off them as to what
future involvement in the States looks like and where we

(39:38):
might go. So we've got a bit to learn around
the market and certainly the USA Rugby got some strong
views on possible markets as well and how we look
to work into the major markets on the East and
the West coast. So there's definitely more work to do. Mike,
I don't think the plan is fully fledged, but what
we're seeing through content the influences there. You'd probably see

(40:00):
images of NFL franchise and athletes all around the place,
and certainly the engagements through all that off field stuff
was really impressive. We've also did a lot of work
laying some foundations with you know, White and New Zealand. Anchel.
Was great to see people like Tim Brown up there.
Anthony Moss is doing a great job as a general
counsel to the console sorry to the West coast of

(40:23):
the States, and talked about different ideas around how we
connect the game in there and think about you know,
the border interests in New Zealand as well. So you know,
I'm self spent a couple of days up at Stanford
and around Silicon Valley talking to some people about what
the future could look like down the West coast, with
regards to rugby and other opportunities. So all in all,

(40:43):
we packed a heap of stuff into the week and
we we had a great event on Friday night as well,
so we're pretty pleased.

Speaker 2 (40:49):
Good stuff all right, go well, appreciate it very much.
Mike Robinson, Chief Executive seven twenty one.

Speaker 3 (40:55):
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(41:41):
business husky who seem tardy. For a couple of very real,
intangible examples of just how big a mess our economy
is currently in, and perhaps more importantly, how we continue
to shoot ourselves in the foot as far as progression
is concerned. So trade numbers for June right, good news,
We've got a trade surplus. Bad news. It's because we're so.
A trade surplus is what all countries should aspire to.

(42:03):
You sell more than you buy it. This leads to
growth and jobs and expansion. Countries generally that import more
than they make aren't very good economic models. I mean, yes,
if you import a television and sell it, you need
a person behind the counter and an importer and a
person with the money to buy the TV. But that's
never going to beat the price and the place, whether
it be a farm or a factory that produces things
and sells them for big money offshore. So currently we're

(42:26):
exporting less and importing less, hence the surplus. But it's
merely a reflection of how stalled the economy is. But
the really big issue is Meridian, who, for the second
time in weeks, is asking t Y to drop its
power usage because we don't have enough of it. Good
news ty State Ty signed that twenty year deal. Bad news,

(42:46):
t Y now can't make what they want to make
because we don't have enough power. Why not, because we
don't have a plan, and because we got hijacked with
renewable ideology, which has led to a supply gap that
is clearly getting worse by the day when it doesn't rain.
The answer is not to ask people to do less,
and you wonder why we have productivity issues. Doing less

(43:08):
is not a business model, and yet here we are.
Good business strategy is to have a plan, plan B,
an alternative. We don't seem to have got to that bit.
The fact Transpower ask us each winter, as they have
again this year, to be careful on cold mornings. The
fact ey have to one cut a deal that allows
a drop in usage and far lest to an actual
drop in usage, is in many respects an unforgivable mistake.

(43:30):
But only if you want the country on its feet,
paying its way in the world, expanding and building its reputation.
I'm not sure that's at the forefront of enough people's minds.
Sky now speaking of which there is growing commentary and
we'll ask Luxon about this, but there is growing commentary
around the idea that the Reserve Bank is completely and
utterly cocked this up and they're going to have to

(43:51):
start cutting cutting sooner than they thought. So do remember,
and this is important, that under the current forecasts, the
Reserve Bank is not expecting to cut interest rates, the
cash rate your mortgage until next year. Then we're starting
to see the retail bank saying that's not going to happen.
We're talking November now, we're starting to see August. So
in other words, you've gone from next year to August.

(44:13):
And the only reason you're starting to have that commentary
either they're all wrong, completely and utterly wrong, and Adrian's
right and he's the only one that is right, or
they're right and Adrian's wrong. Jared Kerr, who's with Kiwi Bank,
he says, not only are cuts coming twenty five points ago,
once they start, they're going to go bang bang bang
bang bang bang bang bang. How many bangs was that

(44:35):
there was eight bangs? Eight cuts in a row. That's
an indication that they blew it, they overregged it, and
now they're panicing. They've got to get back on track.
So either Adrian's right or Jared's right. So we'll ask
to day Chris the Bluxin about that in a couple
of months.

Speaker 3 (44:50):
Prime Instore.

Speaker 2 (44:50):
It's Prime Ministerial Tuesday, after the News, which is next the.

Speaker 1 (44:55):
Breakfast show You can Trust the mic Hosking Breakfast with
the Lea's real Estate doing real estate differently since nineteen
seventy three, news talks had been.

Speaker 2 (45:05):
Bud Gilbert, longtime prod of Joe Biden, former Ambassador to
New Zealand, US Ambassador to New Zealand, as with US
A way to close this morning. Meantime, it's Prime minister Tuesday.
Christopher Luxin's well us, very good morning to you.

Speaker 11 (45:16):
Good morning Mike Kyki you very well.

Speaker 2 (45:18):
Indeed, how was your holiday and where'd you go?

Speaker 11 (45:21):
I had a good five days. I ended up in
Hawaii and that was absolutely fantastic. Actually I got a
bit of reading in and a bit of relaxing. That's
been sort of the first big bart of it for
a while, so it was great, good stuff.

Speaker 2 (45:31):
Rob Campbell was on the program earlier. Debrah Powell on
another program earlier than that, and this is feedback to
what you did yesterday with Health in New Zealand. A
couple of points he made that I thought irrelevant that
you didn't quite explain yesterday. Where are the Ministry of
Health in this? You can't go from you know, we
might make a bit of a surplus to we're losing
one hundred and thirty million dollars a month without somebody somewhere,
i e. The Ministry going alarm, bell's red flag, let's

(45:54):
go whop warp pull up? Where were they?

Speaker 11 (45:57):
Well, we expect them well where She's be honest. We
got advice from the Crown Observer that we had in place.
We put in place in the first few weeks. We've
had to ordered a general report, and there was the
annual report from the previous government which highlighted deficits. So
I think everybody's known that there hasn't been enough controls
around this organization. That is our responsibility to make sure
that Health New Zealand to set up for the success

(46:18):
that it needs to. With respect to the Ministry, we
also expect them to play their part and delivering those
five big health goals.

Speaker 2 (46:25):
With Crafts, were they well, I mean, are they awake?

Speaker 11 (46:29):
Well, the people that are responsible is ultimately the Minister
and us making sure that we've got good governance of
the major delivery organization, which is health in New Zealand.
We spend thirty billion dollars on health in New Zealand.
We've put a record amount sixteen point seven and there's
plenty of money and funding. What we need is a
high performing organization and the saying is it and it's
not it because the organization's out of shape. There's two

(46:52):
and a half thousand more managers and there were six
years ago despite having Midge twenty day Ashbe. There's fourteen
layers of management from CEO to patient. The financial performance
you've talked about and frankly, you know we put more
money and more people and then we've got worse results
on wait times.

Speaker 2 (47:06):
I get all that, But when were you alluded to
the fact they were losing one hundred and thirty a month.

Speaker 11 (47:12):
Well, it was actually in October last year previous government
there was a what's called an annual report and that
identified a billion dollar deficit at that point in time.
Within a couple of weeks. In December eighteen or somewhere
around before Christmas, chenerally put in place a crowded on
the board, and then we've had the Order of General
Report in March. We've put more money in obviously in

(47:34):
this budget, but what we want to make sure is
we're getting the organization straight.

Speaker 2 (47:37):
Why don't you the frontline, Chris? Why when you knew
something was awry in October are we sitting here in
July only acting on it?

Speaker 11 (47:46):
Well, we got into power, we've got got into office
obviously the end of November.

Speaker 2 (47:50):
We put January five. Why didn't you do it January five?

Speaker 11 (47:54):
Well we have, we've been We've had a serious of
escalections and now we're doing it.

Speaker 2 (47:58):
A series of esculations that one hundred and thirty million
dollars a month January, February, March, April, May, June one
thirty times. You do the numbers. Why are you acting?

Speaker 9 (48:08):
Now?

Speaker 11 (48:09):
I'll be acting because we're getting it done and we're
putting in place a commissioner who's going to have a
great year.

Speaker 2 (48:15):
While were you doing it in January February?

Speaker 11 (48:18):
Well, we have, we've been have but late just before
Christmas in our first few weeks to put in a
crown observer, we've had to do.

Speaker 3 (48:24):
What to tell you?

Speaker 2 (48:25):
It's all what you already knew. It was buggered, then
it's dog got it.

Speaker 11 (48:29):
Yeah, but yeah, you've got to have a bit more
detail before you make a big change that we're doing
a plenty, Commissioner. That hasn't happened, That doesn't happen often
when you do that, you want to make sure you're
doing it right.

Speaker 3 (48:39):
You've got to.

Speaker 2 (48:41):
If we arrived to run the country in October and
somebody told me that one hundred and thirty million dollars
a month being lost, they'd be sacked on the spot.

Speaker 11 (48:47):
We started in early December. You know that we've worked
our way for.

Speaker 3 (48:51):
Great I'll give you this year.

Speaker 2 (48:53):
They've had seven months this year to do something you've
not done. You're you're supposed to be fixing this place up.
You're too slow.

Speaker 19 (49:01):
Oh, come on, come on.

Speaker 11 (49:02):
Give me a break. They're moving at great speed here
and we're putting a place the commission who's going to
have powers over twelve months to get things sorted. I've
put more money into this thing. We hired more nurses
than we've ever had in the last six months, we've
got twenty nine hundred more nurses and we had a
year ago record numbers there. We've put record fund there
in and we've put clear targets in place. Now I'm
just making sure the organization is ruthlessly going to deliver

(49:23):
against that.

Speaker 2 (49:24):
Why a commissioner in the specific set of circumstances as
opposed to say, Simon mutat kying or a pull a
Benett farming.

Speaker 11 (49:31):
Because of more urgency, more intensity is what we want.
You know, everyone you talk to in the system will
just say, look, I'm on the front line of the system.
I want a yeses or no from my management whether
I can do something or not, and I get a
non decision and mush. And that is because there is
this layers and layers of management. And I'll tell you
why it happens. And it's happened across the board with
all the other TPOO Kinger and the disability services as

(49:53):
they took the twenty DHBs and they whacked in massive
layers of management over the top, and that just has
calcified and slowed everything down. We need to mot decision
making back to the front line as quickly as we
can reduce that span between the decision makers and the
front line, and you know it's just been classic botched restructure.
And so you know, that's why the Commissioner has to
go in with real strong powers to actually be sort

(50:15):
of very very directive to get a different set of
results and outcomes very quickly. We need that organizational model
to be really sorted. You can't have layers of management
like that and bureaucracy. We need the finances to be
delivered because we've put record amounts of money in and
I'm not putting good money into a bad organization. I'm
expecting a great organization to deliver the results we want
to see with that cash.

Speaker 2 (50:35):
Meridian yesterday, for the second time in a couple of weeks,
ask to you why to tone down their power usage?
Why don't we have enough electricity in New Zealand in
twenty twenty four.

Speaker 11 (50:46):
Well, one of the challenges we've got is we've got
some challenges around gas in particular, which is causing but
that is a really gas short ball is actually a reality,
and it is causing energy and security. That's a major
problem for us and a major concern. We've started to
talk about it in the last few months. But that's
why we've got to repeal the oil and gas ban
as a starting point. And the second thing is we

(51:06):
need we need to bubble around of electricity we've got
in this country to be renewables. That investment will come,
but there are moments in time when obviously it's challenging
and you have to choke back to you that has
always happened in the New Zealand.

Speaker 2 (51:18):
Electricity does make it right.

Speaker 11 (51:20):
It doesn't make it right. But I just say to you,
and when I look around the world and I see
mass of failures of energy sectors around the world, ours
is barely tidy. Not perfect, but barely tidy. We need
a lot more investment. That's why we're doing fast trait
to get stuff actually else, particularly in the energy space
and a renewable space. That's why we're repealing the oil
and gas ban because we need gas. We're going to
need it for a period of time. It's going to

(51:41):
be ten to fifteen percent of our energy mix. And
you know, when you're doing an oil and gas ban
and all of a sudden, no one's getting gas out
and we need it for a number of places, it's
a problem.

Speaker 2 (51:53):
It just it sends all the wrong signals for a
government that's trying to And this isn't your fault. I'm
just saying for a government's trying to rebuild this country
and has a productivity issue when you're constantly asking people
to do less, that's not a business model.

Speaker 11 (52:06):
No, No, I agree, I agree. But the historical model
is with the big load that t Y puts on
and he's doing electricity system. You know, there has always
been choking at key peak times.

Speaker 2 (52:17):
Nobody's ought to make more power. Nobody thought, I know,
we'll build another dam or put some windmills in a
year a pounds you know, yep and yep, no.

Speaker 11 (52:26):
And that's what that's what we're really hard to do.
But how do you get stuff done? Like I mean,
you can't take eight years to consent a wind farm
and two years to build it and ten years before
we've got the benefit of it. You've got to say
that's a one year challenge and two years to build it.
We get it in three years. So we haven't helped
ourselves by being wrestling very strategic about.

Speaker 2 (52:44):
What we need. Are half a dozen commissioners in this
country to kick some mass and get this place going
and enough of the democracy. I mean, look at Tower
on or over the weekend. You see that thirty one
percent turnover. People don't want democracy, do they? When given
the opportunity, they can't be bothered?

Speaker 11 (53:00):
Well, look, I'll always send up for little democracy. I
agree with you like it can be a hell of
a lot better. My major focus is I think, you know,
particularly central government which I'm responsible for, needs to deliver
a hell of a lot better than it has been.
And that's because you need to focus on the New
Zealand people. You need to focus on outcomes and results.
And I can tell you our culture change is happening
here in Wellingcoln. We need to get our CEO's understanding

(53:21):
and our cheers and our boards understanding. You have a
massive responsibility to deliver results from New Zealanders. That's why
you've seen us make interventions and KO. That's why you've
seen us make interventions and Health New Zealand MZTA are
other places as well. To make sure that we actually
are getting organization and leaders that are driving And I'm
saying why they're here. They're not here to manage bureaucracy,
they're here to get things done.

Speaker 2 (53:41):
Hey do you know what I liked about David Seymore's
acting Prime minister last week?

Speaker 11 (53:45):
No tell me.

Speaker 2 (53:46):
He told it like it was. Someone asked him a
question about the Reserve Bank and he told it like
it was. He said, we need relief. As Prime minister
this morning, do we need relief from the Reserve Bank
or not?

Speaker 17 (53:56):
Yeah, we do.

Speaker 11 (53:57):
But we've got a job to do, which is outside,
which is, oh.

Speaker 2 (54:00):
You've done your jobs saving money like the snow tomorrow.

Speaker 11 (54:03):
We're pretty damn close. I mean, we've got to get
inflation below three percent and then I would expect interest
rates to be dropped, and then I would expect the
economy to grow and I expect employment to grow.

Speaker 2 (54:11):
Would you expect interest rates to be dropped this year?

Speaker 11 (54:16):
Well, we're on track. We had a inflation came down
to three point three and just saw food prices as
the falling really quickly, interest rates to soften at the margins.
But we find doing everything I can to get inflation
below three and then I'm expecting interest rates to drop,
and then I'm expecting that to make people want tost
and grow our economy.

Speaker 5 (54:32):
Right.

Speaker 2 (54:32):
That keeps people the work and Jared curses when they
go corns of us right, Jared curses when they go,
they're going to go eight times? Eight times indicates to
me that Adrian cocked it up? Did he cock it up?

Speaker 11 (54:43):
Well, we've we've had long conversations about I think they
kept the printing money for way too long. On the
on the other part of the cycle, I'm expecting a
rapid response once we've done our job, which is to
get inflashed on and drop.

Speaker 2 (54:53):
All right, as we go into the boot camp which
has been launched as of this weekend, when will you
you'll be able to come on this program and to
all the naysayers and the whiners and the handwringers, say
it worked well.

Speaker 11 (55:08):
I mean we've got a three month residential program. There's
a nine month and home component to it.

Speaker 17 (55:14):
It's kicked off.

Speaker 11 (55:14):
As you know, we've been very transparent about it, had
the media and there on to the weekends having a
look at it all. You know, we should be able
to get feedback back in that first three months.

Speaker 2 (55:22):
I would imagine, good to talk to you, appreciate it
very much. A KRISTALH Luxton, Prime Minister thirteen away.

Speaker 3 (55:26):
From it, the Mike costume Breakfast didn't.

Speaker 2 (55:30):
National Mike kill the New Zealand pumped hydro project. Agree
national need to start a few large infrastructure projects for power,
will any I mean really the argument around the hydro, Yes,
they did kill it, but they killed it because it
was going to cost officially sixteen billion but probably double
that to thirty billion dollars. And it's ridiculous. The whole
thing that was absurd. But the power industry argue that
by having that on the books, they didn't want to

(55:52):
invest in anything because that was so big, So gargantu
and what was the point. Now that's gone, they can
allegedly get on that. All of this just takes time.
That's the fall that aspect of that. Mike im back
Luxton on the decision to bring in a commissioner. I
also meant this' leby. He's a hospital management and leadership expert. Yeah. No,
I don't think anyone dislikes leicster Leby. If anyone knows
health inside out, upside outs him so as as an

(56:12):
appointment to get stuff done goes, He's good same way
Mooter's good at Kaya, or the same way Bennett's good
at FARMAC. But I am worried that they knew about
this in the latter part of last year and didn't
really do much about it. At one hundred and thirty
million dollars a month, it's not like they had the
money to burn is at nine Away from eight.

Speaker 3 (56:32):
The Mike Hostle Breakfast with Jaguar News, Tom.

Speaker 2 (56:35):
Sedb wait for an answer before you start talking, Mike,
you're better than this. Look at the reporter at the BBC,
Stephen Sucker. He waited for an answer of you that
actually watched Stephen Sucker. It's that program he does in
the afternoon where he looks over his glasses. I hate
those reporters on television that are so far up themselves
that they've got their glasses down their nose and they
pause too long, and then they look above their glasses

(56:59):
and then ask a question.

Speaker 11 (57:00):
Oh, come on, come on, give me a break.

Speaker 2 (57:03):
Was that one truck from Christopher Laxi when it came
to reducing the Reserve Bank rate DN? It could have
been a truck, but I think that was a stitch
up from Seymour. Sir Jared curses when they go they're
going to go eight times? Eight times indicates to me
that Adrian cocked it up. Did he cock it up. Well,
we played a long compl he knew, he knew, he knew,
David said him up. He's going to have a word

(57:24):
with David anyway. Let me get to this this morning
teens involved inness, Why they're changing the law on justice?
So a teen involved in a service station armed robbery
has got sixty five percent discount in court starting point
four years ten months. This is a Nauru Ruben sentenced
to four months home D four months a bit of

(57:45):
armed robbery, but four months home D. A loss of
more than fourteen thousand dollars in the robbery. This is
at the Thames Gull service station back in January of
this year, charged with aggravated robbery, maximum prison term of
fourteen years. Was he going to get fourteen years? Of
course he wasn't and lawfully also getting into a motor vehicle.
So Judge Denise Clark starting point of four years ten months.

(58:06):
So although you can get fourteen years, she decided starting
at four years and ten months was a good place
to be. The council Sasha Neppe successfully convinced her not
to send the team to prison. Judge Clark got to
an n jail term of eight months in prison, but
because it was a term of prison under two years
eligibly eligible to be converted into home D. So you

(58:29):
can see why he of very clearly they need to
do something about that. So the law that they want
to pass still needs to be passed with the House
judges restricted from imposing no more than forty percent worth
of discounts sixty five percent in this case, why didn't
they just make it a good, good old winter sale,
make it ninety percent. Why don't you make it ninety
percent discount and have one free. It comes into effect

(58:50):
hopefully by next year. And you cannot tell me, Judge
Denise Clark, that a sixty five percent discount for a
bitter home D for an aggravated robbery is acceptable in
twenty twenty four when you know what the community thinks
about these things?

Speaker 1 (59:07):
What the big news Bold Opinions, the Mike Hosking Breakfast
with Jaguar, the Art of Performance News togs edb bit a.

Speaker 2 (59:17):
Seven past table in the past twenty four hours, and
the US President says quit the election race to Kamala
Harris team seems to have cemented some real support and
a lot of money. So where does this race go now?
Mark Gilbert was the US Ambassador to this country between
twenty fifteen and twenty seventeen, nominated, of course, by President Obama.
He is a longtime friend of Joe Biden. Say some
real insight now, Mirk Gilbert is with us.

Speaker 20 (59:37):
Mike Morning, Good morning the Order.

Speaker 2 (59:39):
I was going to ask you about the last couple
of days. Let's go back a week to Butler and
encompass all of that. What do you make of what's
happening in your country.

Speaker 5 (59:47):
It's a real tragedy. And something I spoke about when
I was in New Zealand is we have what I
believe are inappropriate gun laws for any country, and I
do believe in people's right to bear arms, but there's
no reason for anyone to need a military style rifle.

Speaker 2 (01:00:09):
When President Biden spoke of taking the temperature down, did
you believe that that was possible? Do you still believe
that's possible or he was hopeful?

Speaker 11 (01:00:19):
I do not.

Speaker 5 (01:00:20):
I know that it's something that the president cares about.
It's something that he had always cared about. Thirty plus
years ago. He was the first one to get through
gun laws to reduce the kind of arms that are
not needed for hunting. Or for self protection, and during

(01:00:41):
the ten years that that law was in effect, we
saw a dramatic decline in those kinds of shootings here
in the US. And although he was able to pass
very significant gun laws, it's still not where we should be.

Speaker 2 (01:00:57):
When he asked to take the temperature down and it wasn't.
It lasted about three and a half minutes. What's gone
wrong with American politics that it is this visceral Well.

Speaker 5 (01:01:07):
I think our politics have become performative, and because of
social media, many politicians believe by saying something outrageous, something
you know that will catch the attention and get many
likes and have many people watch. They see that as

(01:01:31):
a way of gaining name recognition, and they believe that
it helps them politically. I personally think it's terrible for
our system and we need to get back to where
we were, where we had two outstanding parties with great
people with good ideas who work together to pass the

(01:01:52):
best legislation for our country, and today we are nowhere
near there.

Speaker 2 (01:01:58):
Now is that the view of most Americans? Have I
rounded up, you're in pa City, Utah. If I round
up the first hundred people I find, would they broadly speaking,
no matter what side they're on, tell me the same thing.

Speaker 5 (01:02:11):
Utah is a very interesting place. It's probably seventy to
eighty percent Mormon, and although it's a very conservative state,
people here really care about other people. And the temperature
of the politics that you see in Utah is very
different than you will see in many red states around

(01:02:35):
the country. The governor of Utah, Governor Pox, has an
outstanding relationship with President Biden, and the two first Ladies
have a wonderful working relationship. And sure they disagree on abortion,
they disagree on the border, but in mostly everything else
they agree because there are two people who really care

(01:02:58):
about other people, and that's what's important.

Speaker 2 (01:03:01):
So what you need to more Utahs.

Speaker 5 (01:03:05):
We need more people who speak civilly to each other
and work on the problem that we need to get solved.

Speaker 2 (01:03:11):
Having non President Biden, as long as you have two
part question One, did you think he was always going
to go to? Was Sunday your time of surprise?

Speaker 5 (01:03:22):
Sunday was not a surprise when President Biden ran in
twenty twenty, and he felt compelled to run because of
what happened in Charlotte's felt when President Trump equated people
on both sides of being good people, and he thought
compelled to run. He ran, he won. He's been an

(01:03:45):
incredibly successful president, but he was also always going to
be a transitional president from his generation to the next generation.

Speaker 20 (01:03:55):
Now, I didn't know when that.

Speaker 5 (01:03:57):
Point was going to be. But in the last month
here in the United States, there has not been I
shouldn't say it hasn't been. There's been very little discussion
about the issues of the race. All the discussion has
been about his age and help and unfortunately he was

(01:04:18):
not able to change the narrative. And because of that,
he felt that he needed to get the focus back
on what are the important issues for people here in
the United States. And I believe that's why he passed
the torch to the vice president.

Speaker 2 (01:04:36):
They say he would be angry. Would that be your assessment?
Was he treated badly in these last couple of months.

Speaker 5 (01:04:43):
I think there were those who didn't treat him well.
This is a man who has served the country for
fifty two years, served the country well, has been an
incredibly successful president, have significant bipartisan legislation, and that's something

(01:05:04):
that he was always known for. When I was asked
the question, I believe he had earned the respect and
the time to make this decision on his own, and
I realized there were some you know, that were trying
to force him out. I don't believe that that helped
the situation, and I believe he made the decision that

(01:05:27):
he felt it was right for him, for his family
and for our country.

Speaker 2 (01:05:31):
Mike, listen, just hold on there a couple of moments.
We'll get to the VP rights or the presidential candidacy
rights in just a couple of moments. Mark Gilbert, former
Ambassador to New Zealand, thirteen past eight, The Breakfast, sixteen
past eight. Mark Gilbert form a US Ambassador to the
New Zealand, long time friend of Joe Biden with us.
Now do you have Mark, do you have a view
on Kamala Harris how this process should go forward or not?

Speaker 5 (01:05:53):
Well?

Speaker 3 (01:05:54):
I do.

Speaker 5 (01:05:54):
I know the Vice president and just by sheer coincident,
we were hosting an event for her at our house
the day after the debate, so we had her with
about two hundred and twenty five guests at her home
for her. She was excellent. She addressed the debate. She

(01:06:15):
then pivoted to the issues that the administration had worked
on and the ones to work on going forward. I
think she has grown incredibly in her three and a
half years as Vice president. She has traveled the world.
She's met with one hundred and fifty world leaders, and
I believe she is the right person at this time

(01:06:38):
to carry that torch forward.

Speaker 2 (01:06:40):
Depending on who she picks as a running mic, does
that matter?

Speaker 5 (01:06:44):
I believe that it does. Because of the lateness of
the change, I think it will have more bearing than
it normally does. Although I will tell you the vast
majority of people vote for whom's at the top of
the ticket, and where I don't believe jd Vance is
added it to Donald Trump. I think he reinforces Donald

(01:07:06):
Trump's policies. I think picking a senator like Mark Kelly,
who was a fighter pilot astronaut of course stood by
his wife, Gabby Gifferts after she was shot, you know,
more than a decade ago, in a swing state, I
think he would be additive to the ticket. Or Roy Cooper,

(01:07:28):
a very well respected governor, well wipe on both sides
of the aisle from North Carolina, which will also, in
my opinion, be a swing state in this election. But
there are other good candidates that they're out there also.

Speaker 2 (01:07:43):
Is America ready for a woman president before you even
get to the fact that woman of Keller president.

Speaker 5 (01:07:52):
If we're not, we should be.

Speaker 2 (01:07:55):
That's the problem though, isn't it should be? But maybe
you want, maybe you want and and is that a
material issue for the party.

Speaker 5 (01:08:02):
Well when you think about it, I mean, look at
New Zealand. New Zealand was the first country to have
a woman at the head of all the major phocisions
at one time, you know, the first country to ever
have that happen. I think we're behind in that respect,
but you know, we elected a female vice president for

(01:08:23):
the first time, so I think it is time that
we elect a female president. We have many effective female governors.
You know, women in all aspects of life have shown
how they can lead. And I believe that that shouldn't
be the reason why someone votes for you. They shouldn't
be voting for you because of your color, because of

(01:08:45):
your ethnicity, because of your sex. They should be voting
for you because they believe that you will be the
best person to lead the country forward. And I think
when you have the comparison before between the current vice
president and the former president, I think it's very obvious
you know who airs more about the people in this country.

Speaker 2 (01:09:06):
As we sit and talk on this July morning, Mark,
do you want to make a call for November.

Speaker 5 (01:09:11):
I have always believed that the American people would do
the right thing. Donald Trump is a danger to democracy.
He's a danger to the world order. Praising authoritarian praising dictators,
talking about how Russia should invade NATO countries. That's not

(01:09:33):
the kind of person that we should have leading this country.
And he is someone who only cares about himself. That's
why I believe the American people will vote for whomever
ends up being the Democratic nominee. I do believe that
that will be the Vice president, Kamala Harris, and I
do believe she'll win. One thing I'll note to you

(01:09:55):
a little inside baseball in twenty twenty two in our
midterm election, and where Democrats did significantly better than anybody projected,
it's because the American people stood up for democracy. Now, granted,
in our House of Representatives, it was pretty tribal. If
you were a Republican, you voted for the Republican in

(01:10:15):
your district. If you were a Democrat, you voted for
the Democrat. But when it came to statewide races for
people who control the levers of democracy, whether it was
the governor, of the Secretary of State or an attorney general.
In those individual states, all of the election deniers, all

(01:10:36):
the people who did not promote democracy, every single one
of them lost. And that made me feel good about
the people here in the United States that they differentiated
between who cared about democracy and who didn't. And I
believe those same people will stand up in November.

Speaker 2 (01:10:54):
Mike, listen, and I appreciate you time very much. And
inside Mike Gilbert, who's the from the US Ambassador to
New Zealand appointed under President Obama.

Speaker 1 (01:11:02):
It is eight twenty one the Mic Hosking Breakfast with
Bailey's Real Estate News Talk SV.

Speaker 2 (01:11:09):
In every corner of the property market, you will see
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for every Kiwi for the next fifty years and beyond.
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discover the difference that is Baileys dot Co dot Nz.
Pasking the American politics a couple of good pieces of
reading Nick Bryant yesterday in the Sydney Morning Herald Biden

(01:12:13):
couldn't withstand the friendly fire, but will as self sacrifice
save the Democrats. He opens with a great line around
us in epic history swirls. It's very good point. Peter
Hartch this morning in the same paper, and I got
a lot of time for Peter Harchy says, here's why
Trump is still on track to win. They've done some
analysis Project five thirty eight. Harris is a slightly higher

(01:12:34):
chance of winning the electoral college thirty eight and one
hundred versus thirty five and one hundred, so barely. But
if you look at it more comprehensibly, a full set
of information from what they call their full forecast model,
Harris does much worse than Biden across the board. Biden
has a forty eight and one hundred chants of winning
the electoral college. Harris only thirty one and one hundred,
so forty eight versus thirty one. That's a material difference.

(01:12:56):
Three liabilities, He writes, she was in the administration and
was had special responsibility for the illegal immigration that's been
a disaster. She's fifty nine, so not decrepit. A pro
Trunk group launched to television ad should look at it,
says that Harris covered up Joe Biden's obvious mental decline, So,
in other words, she's culpable. Third if her identity as

(01:13:19):
an Asian African Afro American woman, as potential advantage. With
some constituencies, the loss of a white man from a
working class background is also a disadvantage, so it is
not clear whether she actually changes much. She's a circuit breaker.
But Peter argues that's about as good as it gets.
The Democrats have changed this situation, that is not yet

(01:13:39):
evidence that they've improved it. So his summation is it
is and its mind too that it is still Biden's
to lose. Nick Brant, not surprisingly, perhaps takes a slightly
different view depending on how things unfold. For basically, for Biden,
he may well be seen as one of the greats
by the end of the day if this particular move
pays off news for you next and then we will

(01:14:02):
go to the UK and.

Speaker 1 (01:14:03):
Rod your trusted source for news and fews the mic
asking breakfast with Bailey's real estate doing real estate differently
since nineteen seventy three, news togsadb.

Speaker 2 (01:14:17):
Well the wars yesterday and what's happened in America is
Netnyahoo had saved them because Trump advance are so on
Israel's side, it's not funny, So that's good news for Israel.
On the other side of the war, they're so not
on Ukraine side. It's not funny. And so if I
was Zelenski, I'd be absolutely beside myself with fear as

(01:14:40):
to what's going to happen should Trump win the election.
And to add to that, Germany has announced in the
last couple of days they're planning to harve their military
aid for Ukraine. This is Germany, this is part of NATO,
this is Europe, this is their neighbor. They're going to
harve the amount of money they give. No one's given
more than America. But the defense budget for next year
is going to be raised by one point three billion

(01:15:01):
euros to fifty three billion euros. But despite that, because
of course, everyone's under pressure to pay their way in NATO,
because they think if Trump wins, there's no way in
American way in the hell, America is going to be
paying what they pay currently to NATO. So everyone's going
to have to stump up. But in stomping up to NATO,
they're not stomping up to the Ukraine. So America pulls
upin on Ukraine. Germany's pulling the pin to a degree

(01:15:21):
on the Ukraine. Lord knows what the rest of NATO
and Europe are doing. But if I was Zelenski, I'd
be absolutely fearful. If I Wasntnyah who I'd be laughing
Ironica twenty two minutes away.

Speaker 15 (01:15:31):
From nine International correspondence with ends in eye insurance peace
of mind for New Zealand business.

Speaker 2 (01:15:36):
WoT can we go ron a little very good morning
to you mate. We don't normally dabble in the tabloid
end of the spectrum, but this strictly come dancing thing
where gian Carlo or Gianni or whatever his name is
got booted out, that there seems to have been this
ongoing investigation which which will not die, and an endless
series of complaints, and now this morning's headline, I note

(01:15:57):
with a great deal of interest, is the possibility that
it may not survive as a program. How real is this?
How serious is this?

Speaker 6 (01:16:05):
Oh?

Speaker 19 (01:16:06):
It may be wishful thinking on my part, but I
think it's very very possible and probably likely because it's
not just the story which you alluded to, which is
about his irascible and sexist behavior and bullying behavior and
so on. It's also other people coming onto the closet
and say, well, actually this happened to me and I

(01:16:27):
was bullied even the Great Explorancity backle So that athlete
was said that he'd been bullied by a woman and
was roundly mocked for what he said. And this is
the way these things tend to work. I don't know,
do you have strictly over there.

Speaker 15 (01:16:44):
We don't have.

Speaker 2 (01:16:45):
We have our version of it, but that got canceled
because no one watched it.

Speaker 19 (01:16:49):
Well, what a commendable nature you are. I've never quite
seen the point of it. But this is the way
this thing tends to go, which is it's snowballs and
snowballs more and more people come out of the closet
and say, well, actually someone asked me to go for
a coffee in their room the other day, and I
thought that was a bit much. And it just grows

(01:17:10):
into this ball of hatred and fury and gets canceled
when the BBC thinks it's, you know, more trouble that
it's worth. I do wonder a little bit, because I've
presented a few documentaries and being on a couple of
quiz shows and all that kind of thing, if it's

(01:17:31):
not something to do with the nature of television that
tends to accacerbate these things. I mean, you are there
in the spotlight and you begin to think you're the
only person in the world. It's an extraordinarily narcissistic genre.
And it seems to me that the behavior of some
of these people is exactly I remember the first time

(01:17:51):
I did television, and I was a perfectly normal human being,
and I was waiting in the spotlight, ready to do
my bit, and I've suddenly heard myself, can someone get
me a glass of chilled white wine?

Speaker 3 (01:18:02):
Please?

Speaker 19 (01:18:03):
And I thought, you have turned into a tossa in
two minutes. Two minutes. So I think there's something of
that in it. If it goes. It is extraordinarily popular
watching celebs do things, whether it be God help us, baking, sewing,
or dancing, seems to be incredibly popular. I do not

(01:18:26):
I cannot fathom why that is.

Speaker 2 (01:18:28):
It's a weird. It's a weird all business. Tell me
where we're at with the Tory leadership, any progress or not?

Speaker 19 (01:18:33):
No, not really. It's been a very quiet weekend with
all the focus of attention on America, which is of
course very important for the Labor Party. And my suspicion
is at the Labor Party are now gagging for Kamala
Abs to somehow to somehow win not really the nomination
but also the presidency, given that so many members of

(01:18:57):
the Labor team have very very bad relationships indeed with
Donald Trump. So that's taken up most of the of
the bandwidth, as people say these days. But there are movements.
I don't know, did I mention Tom Twogan have to y? Yeah,
I think that that's growing a little bit. And it's

(01:19:17):
always the case, you know, we started out on this
process which hasn't actually been announced or sorted out yet,
but we started out on this process with Kenny Badenoch
and Suel Braverman and perhaps pretty Patel, all of them
from the right of the party, taking votes, probably taking
votes off each other, and giving credence to the fact

(01:19:38):
that the front runner never wins the Conservative Party leadership election.
And so my guess is, if I have to make
a guess now, it will be someone who kind of
shape shifts between various poles of the Conservative Party rather
than is outright someone from the right or someone from
the left.

Speaker 2 (01:19:58):
Have I got a talent problem? I'm reading over the
weekend that four and ten of them have now got
front front bench roll. So diminished in numbers are they
is there is there a fair assessment.

Speaker 19 (01:20:08):
Yes it is, I mean, but then you might arsk
you with some force that they had a talent problem
even before the last election. You know, I think generally speaking,
I think the Labor Party front bench is pretty competent
and there's some good names on there. But by and
large I think British politics has a talent problem. And

(01:20:28):
part of it is the odium in which politicians are
held by the general public, often an unfair odium. And
part of it is the fact that they get paid
seven to sixth of nothing. You know, it is not
an attractive job to go into. So yes, there is
a talent problem, and there's certainly a talent problem in
the in the Tory benches.

Speaker 2 (01:20:49):
And just quickly rob before we rep since we last talked,
Leeds blew up, of course, And is that because it's
leads or because it was just a one off or
have we got something bit serious under the skin there
that needs to be watched.

Speaker 19 (01:21:03):
Well you would probably be better place to find out
than I would, because I'm telling you, mate, I read
about forty newspaper pieces about these riots in Leads and
I could not work out who was doing them. Nobody
would say we've found out since that it's probably the

(01:21:24):
Roma community, but nobody would say this, and so that
is what I think will be the main problem which
continues beyond once this is cleared up, that this reluctance
to a portion blame, the reluctance to say what the
real cause was caused this enormous resentment, and there's enormous

(01:21:47):
resentment in Leeds at the moment that the correct people
haven't been fingered for this particular atrocity which it was,
you know, and you would hope there's a photograph absolutely
couldn't be clear of a bloke seting fire to a bus.
One expects him to be in court soon, but also
kind of one, doesn't.

Speaker 3 (01:22:06):
You know.

Speaker 19 (01:22:07):
The police took a very softly, subtly approach to this
riot and there will be questions asked about that as well.

Speaker 2 (01:22:13):
Good stuff might go well and we'll see you Thursday.
As regards the American situation, from the British point of view,
Keir Starmer on on Biden and Harris.

Speaker 21 (01:22:21):
I respect the decision that he has now made, not
an easy decision, but a decision that I know that
he will have arrived at taking into account the best
interests of the American people. We will work with whoever
the American people elect into office, as you would expect,
particularly given the nature of the special relationship between our

(01:22:43):
two countries.

Speaker 2 (01:22:45):
And you can't argue with them. Eight forty five twelve
away from nine. And that the bloke who is sort
of seeming in charge of road cones. Yesterday we talked
to Wayne Brown, the mire of Auckland, who had done
a report by E. Y Ustant Young into road cone
and what they needed to do was change the law
and it wasn't on and the incentive was there just

(01:23:05):
to muck around and cost us more and waste more time. Anyway,
the bloke who's in chargeable of the sort of the
traffics TRFXIX traffics like a rap artist. Really, isn't it
that sort of name? They've gone, Hey, why don't we
call ourselves traffic nah traffics. Anyway, he said, the report's wrong.
Them ttms are people who sort of subcontract their temporary

(01:23:28):
traffic manage contractors. They subcontract to the job that at
Auckland Transport are doing. His claim is at any time
Auckland Transport can say and do whatever they want. They
can review they can approve. So what Wayne Brown is
doing yet again is blaming at probably correctly. But the
problem with the whole system is eight doesn't care. They're
not interested in what an elected official has to say.

(01:23:50):
They do their own thing, so they review whatever they
want to do, and they just go to TTM and go, hey,
we want nine million road cones and we want sixteen
thousand people leaning on shovel and we'll have that go
for eighteen years please, And that'll cost us forty seven
billion dollars, he says, this bloke at TTM, he said,
and he makes a reasonable point to the extent that
everybody thinks. And he says there is a narrative, and

(01:24:12):
he's correct. There was a narrative in the media that
ttm's charged by the CONE when ttms charge for staff
costs and tructor regionality rate for the job. So in
other words, it's all part of the package. When you
hire the painter, you don't hire or pay for paint brushes.
You just hire the bloke to paint the house. What
he's saying is you hire us to do their job,

(01:24:32):
and we've already got the cone. So this whole Cone
per our thing is bollocks. My only advice to him
would be, if there is a narrative in the media
that isn't correct, do something about it. Give me a
call and say, look, this is bollocks and we can
correct it. But because there is a genuine belief that
they hire out by the cone and therefore the more
cones they put out, the more money spent. But clearly
Wayne's having a go at at at aren't listening. Therefore

(01:24:55):
one can say is to say, probably conclude that the
report by Ey sadly yet again is a waste of money.
Night Away from nine, the My Costing Breakfast on air
and on radio news talks, they'd be We're excited for
Spring Sheep, which is a Wycato company. They have been
given clearance and it's very rare and hard to get

(01:25:17):
clearance into China only in fact, the second international sheep
milk brand in the world. To get direct market access,
these currently got to do it through these Daiku channels
and it all becomes convoluted and complicated, But nevertheless they've
got direct access directly import and distribute their infant formula
into China. We're talking about food labeling and stuff yesterday

(01:25:39):
and we've got problems with China and Chidam's got problems
generally with their economy, but they've got fifteen supplies and
they've got their product and that market, the infant formula
market in China, by the way, is worth twenty eight
billion dollars a year, and Spring Sheep have got a
bit of the action, so good luck to them. How
it goes well. Six away from nine.

Speaker 1 (01:25:59):
Trending now with the Chemist Warehouse, the home of big
brand vitamins.

Speaker 2 (01:26:04):
The IF one yesterday it was just so good. It
was phenomenal. A couple of key stories, Max not doing
well and Landa getting a bit upset that he got
told to give the race to p Spree. Anyway, someone
did the super cut of Max's radio comms uh post
the crash with Lewis and it's gone off.

Speaker 14 (01:26:26):
Love it.

Speaker 3 (01:26:26):
Don't give me up, you guys give me this, Okay,
I'm trying to rescue. What's up?

Speaker 14 (01:26:33):
I find a start break by.

Speaker 9 (01:26:35):
So to take this doesn't it's unbelievable, it's quite impressively.

Speaker 3 (01:26:41):
We let herself get undercut. It's justly race. Yeah, we've
done a breaking I'm not even gonna get into a
radio file for the other teams. Max, We'll let it's
childish on the radio. Childish did you leave the cast
that you were behind at the Apex?

Speaker 11 (01:27:01):
Max ok.

Speaker 2 (01:27:04):
To be fair to him, the strategy was crap and
they did cock it up. And but he's a whiney baby.
Not helping was the fact he stayed up all night
on the SIM trying to practice and he was tired
and grumpy. So there was that part. Then after the race,
the top three, one, two and three do this podcast,
and Lando was still sulking.

Speaker 8 (01:27:27):
Seven years ago. You have a quick compy, so I wasn't.

Speaker 3 (01:27:40):
Bass.

Speaker 2 (01:27:42):
So that was between Lando and Lewis. Have a look
if you can be bothered. But they have a big
team photo at the end of it, all the entire team,
and they're waiting for Piastre to arrive because he's last
to ARRIVEE have a look at Lando's face when Piastre
arrives for the team photo. And Lando, although he held
it together publicly reasonably well in his quiet moments, he

(01:28:02):
was ropable. But once again he's wrong. The team strategy
was that they pitted the appropriate driver at the appropriate
time and because of that, Pstre paid a price for it.
Therefore he had to get given the place back in
despite the fact that Nando was not only leading but
increasing his lead because he's a better driver and he
had a faster car. It nevertheless was Pstre's to win.

(01:28:23):
And so what I didn't realize. Mark Webber, who you
may well remember the name, looks after Mitt Chibbins and
he wasn't there yesterday because he looks after Pstre. He
wasn't with Pstre because he was looking after Mitgibbins in London.
So small world, as they say, back tomorrow morning on
the mic Asking Breakfast as always Happy days.

Speaker 1 (01:28:46):
For more from The mic Asking Breakfast, listen live to
news talks it'd be from six am weekdays, or follow
the podcast on iHeartRadio.

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