Full Show Podcast: 7 August 2024

Episode Transcript
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Speaker 1 (00:00):
You're trusted home for News for It, entertainment of Nion
and Mike, the Mike Hosking Breakfast with Bailey's real Estate
doing real estate differently since nineteen seventy three.

Speaker 2 (00:11):
News togsadb Well then you won't come today.

Speaker 3 (00:13):
Jobs?

Speaker 4 (00:13):
How many of the lost? Is it bad enough to
turn the head of the RB Smith and Coe speaking
of jobs lives to fight another retail day. Another council
voting on these new married ward laws, new rules this
weekend for the all blacks to look out and got
new clocks getting turned on the scrums and lineouts politics
Wednesday after right, Mitch mccannon the State Steve Prince does
the mighty osbrus as well, pasking little of the week

(00:34):
seven past six. Other chapter in this ongoing economic crisis
of twenty twenty one, twenty twenty two to twenty three
twenty four unfolds today with the employment numbers or the
unemployment numbers. This all ties in, of course, with a
broad idea from the Reserve Bank that they have to
take the life out of the economy in order to
see that inflation is tamed, and therefore it's okay to
go and drop the cash rate The unfortunate thing about
the cash rate is that such an emphasis has now

(00:56):
been placed on it. It seems to stand out in
people's minds as some sort of panacea. We're all waiting
for these with this magic day that will bring riches, growth,
lights at the end of the tunnel, and better tomorrow's
and of course no such thing will happen. It's being
played in various parts of the world. In America, they've
gone from waiting for their cut because jobs and spending
was too strong, to Australia, where jobs seem so plentiful

(01:17):
that not only aren't they going to have a cut,
they may be getting a hike. This would also lead
apparently to political oblivion for the government as well as
economic disaster. As it turns out, they got a hold yesterday.
In America, they've gone from bullish optimism to fear of
a recession with a meager jobs number out on Friday,
And you saw what happened yesterday. Here as far as
jobs go, it's getting worse. Trouble is the standoff between

(01:39):
the Reserve Bank, who forecast eventually five point five percent
unemployment versus the four point six or seven that's expected today.
In other words, while we're all misery and woe at
four point six or seven, we seemingly have a long
way to go. You think it's bad, you ain't seen
nothing yet. And yet is it really that bad? Well,
broadly yes, West back are forecasting a big drop and

(02:00):
growth for the second quarter and another one for the
third quarter. Right, it's a recession, But specifically job losses
aren't bad. I mean, four point six ish isn't perfect,
but the best of times full employment is about three
five point five is historically about normal. Most people still
have work and that really isn't going to change, which
means it's not a crisis. It's miserable if you've lost

(02:22):
work in fifty seven, others are now applying for the
same job you are. But of all the things that
are slowly killing us, New Zealand is leaving non tradable inflation,
stuck debt, piling up businesses closing. The jobless number isn't
the worst of it, which, in an ironic way, shows
just how bad these handful of years are proving.

Speaker 5 (02:39):
To be.

Speaker 2 (02:41):
News of the world in ninety seconds.

Speaker 4 (02:44):
UK's international image, by the way, getting battered as more
countries issue travel warnings on the ground. Arrests continue, as
do the warnings.

Speaker 6 (02:50):
Some of what we've seen surrounding mosques with worshipers inside
trying to set them alight. There are some offenses which,
in my view very clearly across the rubicon into terrorist defenses.

Speaker 4 (03:02):
In Ireland, they're not having it either.

Speaker 7 (03:04):
Water canon is a good tactical option that has remained
available in Northern Ireland permanently, and we will use this
if it is the right tactic to use in the circumstances.

Speaker 4 (03:17):
Just before we leave Britain, we also have water issues,
not water canon, but water issues. The regulators looking to
hand out hundreds of millions of dollars in fines to companies.
Are the Environment Secretary targeting those who run that's.

Speaker 8 (03:27):
Called ban the payment of their multimillion pound bonuses. That
money should have been spent on fixing the sewers, not
siphoned off into their bank balances, and will ring fence
customers money that is intended for fixing the sewage system.

Speaker 4 (03:41):
The inter state side, Carmena say is come on down, Tim,
don't ever shy away mark progressive values one persons socialism
is another person's neighborliness.

Speaker 2 (03:51):
Just do the damn work right.

Speaker 4 (03:53):
So I'll give you more about him shortly, but here
as where he's at idea ideologically.

Speaker 9 (03:57):
Some of it is free launch for students across the
state of Minnesota.

Speaker 10 (04:02):
It is gun bills, It is tax credits for working families,
things like that.

Speaker 2 (04:07):
He certainly defends that.

Speaker 4 (04:09):
Meantime, JD's out in Philly keeping at cordial.

Speaker 11 (04:12):
You've got a war in Europe, we have got a
war in the Middle East that threatens to spiral out
of control. We've got chaos in the world financial markets,
everything that Kamala Harris touches has been a disaster, and
we have got a kicker out of the United States government.

Speaker 4 (04:27):
Finally, we've found an armbone and the umbums connected to it,
belonging to an ancient human species who stood one meter
tall as tall as you bloom. This was on an
Indonesian island. The people were known as the Hobbit species.
Scientists first found teeth a couple of decades ago, and
they thought to have devolved early from being marooned on

(04:48):
the island. So they got stuck on the island and
they shrunk. Is that what we're saying. Seven hundred thousand
years ago, param news of the world in ninety seconds.
Kenya Central Bank. If you want central bank news, we
don't talk about the Kenya Central Bank cut by twenty
five b points to twelve zero point seventy five percent.
Got dairy numbers in the moment. Two twelve past six.

Speaker 1 (05:07):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News.

Speaker 4 (05:12):
Talks EB one meter tall, a Mike distant relative of yours.
Perhaps Andy, you're on fire so early Bangladesha read a
very interesting article about Hassena Who's scarpet? Of course, and
I might get to that later or they get time.
But Bangladeshia have dissolved the parliament. That was one of
the demands of the protesters. The military chief is holding
talks as we speak with political leaders as well as
protest organizers. Certainly fascinating to see where all that goes.

(05:35):
Fifteen past six The Plans Management, Greg Smith Morning.

Speaker 5 (05:41):
Good morning, Mike.

Speaker 4 (05:42):
So I was looking at Japan falling apart like the
snow tomorrow and then whoops, they're back.

Speaker 3 (05:47):
Yeah, that's right, Hey, normal service is resumed.

Speaker 5 (05:49):
So what sell off you?

Speaker 3 (05:50):
The dows up five and eighty points is some pianistic
There are up two percent so yeah, to point out
sentiment lifted by big rebound in Japan, you stay seven, cloister,
it's biggest loss, of course since Black Monday on Monday,
and then a.

Speaker 5 (06:05):
Turn around, you say, with ten percent gains.

Speaker 3 (06:07):
So it's actually the biggest daily gain since October two
thousand and eight, and it's actually the biggest spike ever
in terms of index points. So he had lots of
names up export names or up. Toyota was up thirteen
percent and driving the meltdown that we saw on Monday
was a little bit of the unwinding of this yen
carry trades. That's where investors sort of borrowing year at

(06:29):
cheap rates and then invest in stocks, including use technology,
which has been a bit of a one way bet,
except that hasn't recently and this trade has sort of
made to be worth in the trillions of dollars, So
that's reversed in pretty spectacular fashion. Obviously, also concerns over
the recessional downturn and FED rate cuts coming too late.
But you know, part of that was obviously the manufacturing numbers,

(06:52):
but also the job numbers we talked about on Monday,
and a lot of the impact there was actually the
weather with Hurricane Beryl, so maybe some semblance has been
seen one there, but yeah, nothing substantially changed in the
last few days. I mean, a lot of data continues
to point towards a soft economic landing, and if it's
actually had some more good data overnight's the US trade
deficit that actually stepped back from record high as it

(07:13):
was down two and a half percent in June seventy
three point one billion, and balance of China also improved.

Speaker 5 (07:18):
And we've also had a pretty positive.

Speaker 3 (07:20):
Result might from Caterpillar, so they provide that iconic earth
moving equipment.

Speaker 5 (07:25):
They've seen something of.

Speaker 3 (07:26):
A bell weather issues a popped around about four percent.
Revenues of sixteen point seven billion they've been and expected
free cash flows up thirty nine percent two point one
billion dollars, So that's gone down well. And I think
you're just really worth putting Monday's action in context. To me,
markets don't move up in a linear fashion forever. We
do get corrections. We've seen that throughout history, and look,

(07:47):
time will tell where there's more bumps in the road.
But you know, we're still going to rate cuts on
the way, and we're still at this stage look like
we're going to get that soft economic landing.

Speaker 4 (07:56):
Basically, they just freaked out, is what happened. I was
watching Michelle Bullock. I like her. She speaks English, which
is always useful from an RB. But when I found
interesting yesterday, obviously you got a hold. But she and
correct me if I'm wrong, But she said there were
two options. One was hold and hold long or a hike.

(08:16):
So they've still not got that off the table.

Speaker 3 (08:18):
Absolutely, it was a very much a hawkish hold, you know, Mike,
And yeah, yes, she was quite pragmatic. Yeah, you're quite
right on all those sort accounts. So yeah, a rate
cut was never on the table. In fact, she suggested
we're not going to get a rate cut in Australia
for six months, so quite different to the picture.

Speaker 5 (08:37):
That we're looking at here.

Speaker 3 (08:39):
Markets did rebound, and of course the ASEX two hundred
was also caught up in that cell off and that
was in fact, it had the worst day more than four.

Speaker 5 (08:46):
Years on Monday, so I think, yeah, yeah, there were
some hopes of a cut, but you know, it wasn't
really that realistic. It was never sort of the favored scenario.

Speaker 3 (08:55):
She talked a lot about inflation and how persistent that
is proving and that's basically the primary focus. The good
news there was that they have lowered their inflation forecasts
by by the end of the year, so that's slightly
good news. So it was three point eight percent they
were looking at at the end of December, now three percent.

(09:17):
They've also lifted unemployment slightly gendp forecast that got a
slight upgrade to one point seven percent from one point
six percent, So there's still lots of good news there. Yes,
she talked about, yeah, the economy's capacity to meet strong demand,
but acknowledged there were challenges. Acknowledged that there issues in
China obviously the biggest customer, but yeah, clearly staying vigilant

(09:38):
to those upside risks. And yet a rate cut wasn't
on the table and we're not going to be getting
one anytime soon by the looks.

Speaker 4 (09:43):
No, in need not I need some numbers.

Speaker 5 (09:45):
Yeah, sure, So the.

Speaker 3 (09:46):
Down's up five and eighty four points at the moment
thirty nine two eight seven, isn't. P and NASIK both
have a couple of percent foote up point two percent.
Nick I came storming back up ten percent, thirty four
to six seven five. It was three two hundred and
seventeen points to good. Just by the way, A six
two hundred, zero point four percent seven six eighty nz fifty.
We went as badly on Monday. So we were zero

(10:07):
point one five percent lower twelve two four five goal
down nineteen dollars two three nine one and ounce all
up fifty seven cents seventy three spot fifty one US
against the Kiwi up point three percent their fifty nine
point six ninety one point two against. I was the
one point three percent forty six point nine against stealing
that was up almost a percent. Actually, and you, hey,
some Morgan news and I'm sure we talk about this

(10:29):
as well. Might but theory numbers that are slightly at
the ocgen overnight, yep.

Speaker 4 (10:32):
Very good. Indeed, all right, make go well, appreciate it
very much. Corregsmith, Different Funds Management, I'll give you those
numbers and just a capital of Las Skiing Uber, the
mobility unit basically cars, twenty three percent increase in grossed bookings.
They brought in twenty billion dollars this third quarter, expecting
bookings of about forty billion, so they seem to be
getting better and better. Revenue increased overall sixteen percent. They

(10:53):
expect round twenty percent growth in the second quarter. Monthly
active platform consumers is as globally, of course, is it
a hun undred and fifty six million taking two point
seven seven billion trips. They've done a deal with BYD
to bring around one hundred thousand evs to Uber drivers
in Europe and Latin America. They've got an interesting deal
going on with Australia with secondhand Eb's I'll get to
later on, but Uber looks okay. Six twenty one, Your

(11:15):
News talksbo.

Speaker 1 (11:20):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talk SEDB.

Speaker 4 (11:26):
Just before we leave our business Fletcher Building and Andrews
raised this a number of times in the last couple
of months. There's a class action proceeding now against them,
filed in the Federal Called of Australia yesterday. This is
the leaky pipes, the iPLEX pipelines. If you followed the story,
so law firm Baker Mackenzie on behalf of a bunch
of people who bought these pipes. The argument basically inflected
has been consistent all along. It's the installation. It's not

(11:48):
the pipes. The pipes are fine, it's the installation that's
the problem. Anyway. They're going to battle that one out
in court and see how they go.

Speaker 5 (11:53):
Dairy.

Speaker 4 (11:54):
Very good news this morning, Thank the good Lord. It's
up half a point overall. But Mozzarella the roof at
eight point four up. I know Mozzarella is not the
biggest thing, but I'm just endlessly fascinated by it. But
it's up eight point four. The important stuff skims down
a smidge two point seven, but the real dealer's whole
milk is up two point four. We'll take that all
day long. And that's before you get to lactose. Oh

(12:14):
my god. Up sixteen point one for the morning, Mike.
There's a nice Mercedes benz AMG for sale ex kim
dot com. You might be interested if you haven't seen
the story. It's a it's a very rare car. He's
a collector or was a collector of rare cars, and
it's going to go at an auction coming up in
the next couple of days. It's one of I can't remember,

(12:37):
but I think two or three hundred one eighty so sorry,
that's the convertible. So his is a convertible. It's left
and drive it's six to eight hundred thousand dollars. It's
got very low miles. It's a two thousand and six
very low miles. But would you want a Kim dot
com car? I mean really six twenty five.

Speaker 2 (12:56):
Trending now us your home of winters.

Speaker 4 (13:00):
Your oscar buzz around to think all the outrun. So
it's about recovering addiction and the suggestion from the pandits
it will see the lead. This is Sushia Ronan get
the oscar that she has missed out on four times
premier at sun Dance in January. Problem was no one
picked it up? I suspect because probably what it's about. Anyway,
seven months later it's finally got a deal and we
got a trailer.

Speaker 12 (13:20):
Sometimes you can feel a vibration in Orkney, a low rumble.
It takes over the whole island and every part of
your body. But there is only so much height any
wave can sustain before it comes crashing down. The urge

(13:45):
to drink can come out of nowhere. You think you're
doing well, suddenly you want nothing more than a drink.

Speaker 5 (13:57):
So how long you've been so bad?

Speaker 4 (13:59):
Sixty three days?

Speaker 5 (14:00):
It never gets easy, just gets last heart.

Speaker 4 (14:04):
So not a comedy. Could be the problem with the deal,
which is not to make fun of people's social issues.
If you're sitting at our lap's not very nice, Michael.

Speaker 10 (14:15):
I feel like it is a movie we've seen before.

Speaker 4 (14:18):
You do you reckon a Battle with alcohol? To September
twenty seven and the cinemas? Did you buy a glass
of wine when you go to the cinema with your
popcorn to watch a person struggle with alcohol?

Speaker 13 (14:31):
Do you do that?

Speaker 4 (14:32):
I don't know. Michael. Listened to the new album Horizons
by Black Smoke Trigger after your interview yesterday. An amazing
band who are sitting to reach great Heights? What a
fine well glad you enjoyed it. Now the very good
news on the retail front Smith and Coey, I do
need to ask the question why did they not think
of this before they announced their closure. Anyway, they're not
closing or they're not completely closing, and that's the good news.
So we'll get more into this after the news which

(14:54):
is next here at News Talk, sa'd.

Speaker 1 (14:55):
Be the newsmakers and the personalities, the Big Games talk
to Mike Costing, Breakfast with Alveda, Retirement, Communities, Life Your Way, News.

Speaker 2 (15:07):
Togsad be.

Speaker 4 (15:08):
I just wondering if you saw the story on TV
one last night where Paul Goldsmith was grilled over as
taking cure and Antiro are out of an invitation to
an Australian minister, did indeed more to say on that? Shortly?
Tim Watson's your man, folks. He played spoken a pre
public school teacher, football coach, National Guardsman, all round hero.
He's the VP. Mitch mccawn with more details on Mitch
mccahn with more details on that in just a couple

(15:29):
of moments. Then a pole which doesn't even have much
wide much reported so far, Courier poll. It's found sixty
two percent of us think that the Green should boot
Darling Tanner out. I'm surprised it's so low. Twenty three
percent aren't sure, so that makes up the difference because
only sixteen percent were a post, so next to no
one's opposed to it, So sixty two percent thinks Darling Tanner.

(15:50):
What they should have asked is do you think the
Greens have been procrastinating, mucking around and are unable to
make a decision no matter how important it is? Twenty
two minutes away from seven now back on the good
news from the retail sector is that we famed Smith

(16:10):
and Coey's have announced their closure will well, actually won't
be happening. It'll be staying open. It is a downsized operation,
but one hundred jobs are being said, which is good.
Smith and coey chair Tony Coey's with us on all this. Tony,
very good morning to you. Good morning, Mark, must make
you feel good to make that sort of announcement.

Speaker 14 (16:26):
Yes, we're very pleased to be able to do it.

Speaker 4 (16:28):
Didn't you look at this option, I assume you did
before making the original announcement.

Speaker 14 (16:33):
Yes, we did. We looked pretty hard at it back
in February. I think there wasn't a single reason that changed.
It was a group of reasons, but we looked harder.
You know, we'd already seen what was happening overseas with
trends towards smaller format stores, how that was going. The
outpouring from staff during the staff consultation period was a

(16:55):
factor in there. We've got some very loyal staff. It've
been just wonderful throughout process, and we've got a whole
lot of things in the pot and made the call
to won't run the smaller operation.

Speaker 4 (17:05):
Good part of what you do, of course a scale.
Have you killed the scale or you're taking a risk
on scale here now or not?

Speaker 14 (17:12):
Well, I think we are, but we've in some ways
picked the eyes out of what we've got and taken
the most profitable categories and shrinking them down. We won't
be to the scale that.

Speaker 15 (17:22):
We were before.

Speaker 14 (17:23):
It won't be the same sort of retail operation, but
we think we can make a go of it.

Speaker 4 (17:28):
Queen Street, how much of that and its geography and
all the baggage that goes with that is about this
as opposed to you as a business.

Speaker 14 (17:37):
Well, at the time we said that there was a
perfect storm of about five factors going on and Queen
Street was one of them. I mean, clearly my view
is that New Zealand has one chance for the international
city that's Auckland. We have to do it right and
we have to make the center of a friendly place
and it's currently not and that I think is in

(17:57):
a nutshell what we have to do. We've seen some
improvements with security recently with increased police, the council putting
increased security of the city. With increased security, it's making
a little bit of a difference, but it's just the
scratching the surface. We've got to have a fundamental relook
to clean up the center of town if we want
to be serious about having an international city.

Speaker 4 (18:18):
Couldn't agree more. What's your sense of the economy with
all the noise around retail generally the recession? Do you
forget Queen Street but just retail generally?

Speaker 14 (18:26):
Retail generally is tough, and if you look at the
figures nationally in recent weeks, there's not a lot of
confidence out there. There's not a lot of spare money,
and many retailers are doing it really really tough.

Speaker 4 (18:42):
What about your online presence and its future given what
you've announced, and will that play a greater presence.

Speaker 14 (18:50):
Well, online will be part of mixed going forward. It
has been a very important part for us, particularly during
COVID when our stores were shut. So it will very
much feature as part of that future.

Speaker 4 (19:02):
And are you bullsh on bricks and mortar generally.

Speaker 14 (19:05):
Well, bricks and more to have a place it's omnichannel,
that's a range of things. You know, we're shrinking our
bricks and mortar because we think that's appropriate for the market,
and so we'll just see how that balance blows out well.

Speaker 4 (19:19):
I wish it all the very best with it Tony, Kelley,
Smith and Kelley. So the news is good for now, right,
Let's get to this VP pick and see what it means.
They'll be appearing today later on today at a rally,
so we'll see how that goes with Mitch McKennon a
couple of moments before You're nineteen two.

Speaker 1 (19:33):
by News Talks It be now listen.

Speaker 4 (19:40):
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natural to start thinking about the old money, the finances,
and the questions that pop up from time to time,
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Will it last? These can be pretty confronting questions the
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(20:02):
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(20:25):
Note this one down Milford asset dot com slash retire
well basking Smith and Coey have the best online shopping giver.
Can you have the best online shopping if it's just online?
It's all in the same channel as they say, but
they are. I'm a massive fan of Smith and Coey.
But what I'm so happy about is the history of
the place. You don't want to lose history. We lose

(20:46):
enough history in this country as it. As I do
a lot of online shopping, this comes out on top
ten brew. Please to hear here's an irony from our
o the Irony file. Former Premier of New South Wales,
Dominic Perete, he gave his farewell speech in Parliament yesterday,
conceded his government should not have pursued COVID nineteen vaccine mandates.

(21:07):
People's personal choices should not have cost them their jobs.
Vaccines saved lives, but ultimately mandates were wrong. Interesting you
say something that profound as you leave the building, isn't it?

Speaker 16 (21:20):
Six forty five International correspondence with ends in Eye Insurance
Peace of Mind for New Zealand Business.

Speaker 4 (21:27):
Well as Mitch McCann Morning to you, morning, Mike. How
are you farm? Well, You're gonna be loving doing what
you're doing at moment. I mean, hasn't this ended up
well for you living in the States. You got your
new job. There's the whole world's unfolding in a rapid pace.
You've got to be a pig and muck with us,
don't you.

Speaker 9 (21:42):
Yeah. It is pretty amazing sometimes, especially at some of
these Trump rallies. I think, you know, the people here
get tiring after about fifteen minutes, but it is quite
amazing being there.

Speaker 4 (21:50):
Sometimes talk to me about Tim What is it Wolls Walls.

Speaker 9 (21:54):
Yeah, it's Wols No tea, So Tim Wolves. He was
described this morning by Commentation of Mike as the darkest
of dark horses in the race, because he didn't have
a huge amount of name recognition until a couple of
weeks ago. He is the governor of the state of Minnesota.
He's in a second term and now he is the
running mate for Kamala Harris for Brice president. Now, one

(22:15):
of the interesting things about Tim Walls is he is
uniquely normal for this kind of job. Mike, he wasn't
a hot shot lawyer, he wasn't a foreign affairs expert.
He was in the National Guard for twenty years, so
he's got a military background. But then he became a
high school teacher and a football coach. Now, those are
great jobs, but they're not ones usually associated with someone
who goes on to become the president or the vice president.

(22:36):
Of course, Jos Shapiro was a prosecutor and Mark Kelly
was an astronaut, but they've been beaten out by Tim Walls.

Speaker 4 (22:43):
He's progressive, though, isn't he. So that's a left leaning ticket.

Speaker 10 (22:47):
Very much so.

Speaker 9 (22:48):
Some of his policies in Minnesota are free college tuition
for low income students, free meals for school children, legal
recreational marijuana, and protections for transgender people. And that's what
the Trump campaign is really going after him for. Today
they put out a statement saying that just like Kamala Harris,
Tim Wals is dangerously liberal extremist, and the Harris Walsh

(23:10):
Californian Dreamers, Everyone's American nightmare. So that's what they're going
after him on being very progressive.

Speaker 4 (23:17):
Is he eloquent?

Speaker 9 (23:19):
Well, he's not as eloquent perhaps as Josh Shapiro. He
was compared to someone like Barack Obama. Obviously Barack Obama
was a great orator, and Josh Shapiro is a very
good speech maker. Tim Walts is more of your sort
of folksy midwesterner and people just seem to really like him.
We talked about this on Monday, Mike. There seemed to
be this movement within the Democratic Party from the hierarchy

(23:40):
to try and push Kamala Harris towards picking him. It's
hoped he's going to bring some of these Midwestern votes in.
I mean, there's pictures floating around of him hunting with
big guns. You can expect some people and parts of that,
you know, states like Iowa, Ohio to really go for
someone like that. So I think that's what they're betting on.

Speaker 4 (23:57):
Okay, Then we got the weather. Give us anup on Debbi.
Where are we at with that?

Speaker 9 (24:01):
Yeah? So five people were killed by Debbie are tropical
Storm Debbi in Florida. It's been downgraded to a tropical storm,
but it's still expected to cause a lot of havoc
today in South Carolina and in Georgia. I had a
look at the rain radar a short time ago, and
there is a huge amount of rain moving over Charleston
at the moment. So they're hoping to get out unscared,
but it remains to be seen how that's going to go.

Speaker 4 (24:23):
Good stuff, just quickly. Does he look like Warren Buffet
or is it just me?

Speaker 2 (24:26):
He doesn't matter, he does.

Speaker 5 (24:27):
You know he's only sixty years old.

Speaker 17 (24:29):
I thought he looked a little bit older than that.

Speaker 5 (24:30):
He's only one year older than Kamala Harris.

Speaker 4 (24:33):
You know what I look like, right, You're very young? Yeah,
well no, no need for the obvious platter, but I'm
the same age as him. You wouldn't pick it, would Yeah,
he looks much older. Yeah, exactly. Nice to see ye.
I'll keep you on the program a bit longert Mitch,
very well, very well handled, Mitch McCann. Yeah, he looks
sixty eight all day long. Very Warren buffettesk by the way,

(24:56):
football coach. He joined the Guard as dad died when
lung cancer when he was just nineteen and he spoke
of how Social Security survivor Bennett's benefits sustained his mother,
how the GI Bill paid for his college education. So
it's a classic. It's that classic American story. He spent
a year teaching in China around the time of Tienaman Square,

(25:16):
later honeymoon with his wife in China, organized summer educational
trips to China for US students. So a love of
China that I just can't help but think might well
come back to bite him in the bump. Give him
the geopolitics of the day. By the way, Disney while
we're in that particular part of the world, although will
be here of course, because screaming is global. Mid October,

(25:37):
Disney are bumping the price Disney plus Hulu and ESPN.
It's all bundles. It's bundles, bundles, bundles. If you haven't
got a bundle, watch out, you're going to get a bundle.
They're up. They're prices one to two dollars. Most expensive
plan for Hulu, which is another six dollars per month.
It's all designed for you to just scoop them all up,
put them in a pile, pay them a fortune. Never
watch it again and just wonder why you're being ripped off.

(25:58):
That's how she is rolling these days.

Speaker 1 (26:00):
Two seven, the hosting breakfast with Alveda retirement Communities.

Speaker 4 (26:06):
Just before we leave America, just as Thomas who's on
the Supreme Court, of course, and has previously been doing
a little bit of travel at the leisure of some friends,
at the generosity of some friends, including mister Crow, who
happens to be a billionaire. One of the things there,
the Democrats is still after him. But one of the
things that came out yesterday that wasn't being disclosed. The

(26:26):
whole argument is basically, under the old rules, I disclosed
all I needed to. Under these new rules, I'll try
and do a bit better. Anyway, turns out he took
a private jet flight to New Zealand, so if you
saw them, let me know. You know big that stands
out UK. By the way, they're going to do something
about this. We're up to five countries issuing travel warnings UAE, Nigeria, Malaysia,

(26:49):
Indonesia and Australia. And so when Australia is issuing warnings
to travel to the UK, you know you've got problems.
So Kirstar has got to get this thing under control.
They are talking terrorism now, charges of terrorism. The first
person convicted who was described at the British media this
morning as an armchier thug. I'm just reflecting back on
what Rod was saying is yesterday they're all biffos and

(27:11):
bozos and halfwits soccer thugs. Basically he's been called an armchier.
First person who's been convicted smash the f out of
migrant motels. He's in an armchair, he's in a lazy
boy because he's broken his heel. His name's Jordan. His
name's Jordan, he's twenty eight. As lawyer described him as
a family man. Anyway, armchier thug is what the media

(27:32):
recalling a far right yob smash the f out of
a hotel housing asylum seekers. He's locked up pending sentencing
because they're Ovaria living the life for Riley. That's what
he says online. They're Overia living their life for Riley.
Look him up. He's exactly how Rod described. He's the
sort of garmless yob that Rod describes him.

Speaker 18 (27:52):
It's good to hear that he is a family man
and that he has managed to reproduce that's good.

Speaker 4 (27:56):
I was worrying five minutes away from seven is the outs.

Speaker 1 (28:00):
It's the fizz with business Tiber take your business productivity
to the next level.

Speaker 4 (28:06):
Young blands, the young run KFC, Pizza Hut, Taco Bell.
This is international Q two result. What do we got?
Net income of six hundred and sixteen million, down from
seven oh two, so the game backwards. Increase of sales
at four percent. So what happened there? Well, that's mainly
due to new restaurant openings. Pizza Hut, KFC same store
sales falling three percent all over the world. US same
store sales are for KFC down five three percent in China,

(28:28):
which is their biggest market. Taco Bell come on in
Shining Light, same saw sales increased by five percent. That's
concentrated on the US, and they're seen as bank forbucka
the bank for Taco Bell never than to Taco Bell
bang for buck apparently, so Americans looking for a good deal.
They blame the lower profits and sales on tensions in
the Middle East as well as more cost conscious consumers.

(28:48):
About two hundred the restaurants, if we're calling KFC and
Taco Bell restaurants, they're closed in the Middle East and
Malaysia and Indonesia, with some expected to close permanently of
the conflict worsened. So it depends on the g politics
of burritos and pies and fried chicken. You just you
just don't want to underestimate it, mark my words.

Speaker 10 (29:06):
That's why I go for them. It's I'm philosophical.

Speaker 4 (29:08):
What's your best taco bell?

Speaker 10 (29:09):
What's my best tak Yeah?

Speaker 9 (29:10):
What do you it?

Speaker 13 (29:11):
All? You like it all?

Speaker 10 (29:13):
Yeah? Yeah, so order it? I just had one of everything.

Speaker 4 (29:15):
Well, what are they called? What's a taco bell called?
What do you call like the big It's just a taco?
Do you call it the big?

Speaker 5 (29:23):
Get?

Speaker 10 (29:23):
You get your taco bowls?

Speaker 4 (29:25):
Taco bowls?

Speaker 17 (29:26):
Yeah?

Speaker 4 (29:26):
Yeah, yeah, that's full of taco, is it? How much
does a taco bowl?

Speaker 10 (29:31):
I don't know off the top of my head.

Speaker 4 (29:32):
I don't get that off See, you're not in recession,
are you. I mean, that's a guy who's loaded. He's
paid far too much money. He doesn't even know what
does fast food cost? How much? I could tell you
what everything costs at my place, from from A to
B C to it news in a cup. Speaking of
incomes jobs, what's the job numbers coming today or the
job number coming today more for you shortly.

Speaker 1 (29:52):
The breakfast show you can trust the mic hosting breakfast
with the range Rover be La designed to you can
use togs.

Speaker 4 (30:01):
En seven past seven. So jobs day to day, of course,
another important part of the economic story that will help
inform the Reserve Bank as to whether the misery that
they've engineered has done its job so they can start
to cut the cash rate. Senior economist at Westpac, Michael Gordon,
back with us. Michael, morning to you.

Speaker 19 (30:15):
Good morning, your numbers. What we're expecting four point seven
for today's survey. That's coming from four point three percent
unemployment great last time.

Speaker 4 (30:23):
And if it's more than four point seven, do we
panic then think we're heading to recession and the market
goes into free fall or not.

Speaker 19 (30:31):
Probably not that dramatic from just one number, but I mean,
certainly I think we are heading towards probably more like
five and a half at some point by the middle
of the year. So how today's number comes out probably
doesn't really change that overall picture, which is.

Speaker 4 (30:44):
A very important point you make. So as miserable as
we are about four point six or four point seven
it's still got a long way to go, hasn't it.
In theory?

Speaker 19 (30:54):
Yeah, I mean, the labor market tends to be one
of the last shoes to drop in any economic cycle.
This is really the product of it's almost two years
now of an economy. It's kind of in a slow leak,
and it had a pretty mild impact on unemployment at first,
but it's really been picking up the pace more in
the last few quarters.

Speaker 4 (31:10):
You've changed. I mean, I think it was you guys
who came with Q two and Q three. You're seeing
some real trouble for the economy. How does the Reserve
Bank interpret all that we're seeing in this ongoing battle
between the it's bad enough help us versus not not
quite bad enough yet?

Speaker 19 (31:28):
Well, I think it'll feed into their forecast when they
come out next week, and I mean it should ultimately
mean less inflation pression that they were worrying about. I mean,
it's really the kind of the homegrown inflation stuff that's
been worrying them lately. So unfortunately, that does mean that,
you know, having some weakness in the economy and kind
of taking that pricing power out is really a key

(31:49):
part of the formula that they need to see.

Speaker 4 (31:51):
No one's cutting yet. Obviously the Fed's got the big
headline so far this week. Yesterday we had Australia not
only aren't they cutting, but it's going to be a
long time before they do, and they've still got hikes
on the tape. How out of sync are we or
are they all individual stories?

Speaker 19 (32:05):
I think everyone's sort of running at their own pace
at the moment. So there's been a couple I think
Canada has cut a couple of times, the UK's reluctantly
cut once. They're all kind of in different positions in
terms of how close inflation is to those targets that
they need to see. We are, unfortunately still at towards

(32:25):
the higher end of that range. So we haven't had
nearly as much success as the likes of Canada, as
for instance, has done.

Speaker 4 (32:33):
So has anything materially changed in your view? Recut So
we're still you're still thinking towards the end of the year.

Speaker 19 (32:40):
So we have cuts starting from the October meeting and
then another one in November. So that's the that's the
last opportunity of the year. We have been bringing that
timing forward just to reflect the way that the data
has been turning out, and I think certainly if you're
kind of looking at the highest frequency stuff like we do,
there's probably sort of a a turn towards the worst

(33:02):
has come more recently to like some of these June numbers.
It's not really that easy to to sort of figure
out what is driving that first because it's been quite
sudden and it can just be noised. But yeah, certainly
just kind of noticed more recently things have taken a
bit of a turn for the worse.

Speaker 4 (33:18):
Would you expect Adrien to note that next week if
what he sees is what you see, because he's not
cutting till next year apparently officially, Well, I.

Speaker 19 (33:28):
Think in their last statement last month, without putting any
numbers around it, there's certainly indicative in words that they'd
come off that view. You know, then they'll be having
their discussions at the moment and running through some of
that recent data, so I don't think they're really going
to be too far from what we're thinking at the moment.

Speaker 4 (33:45):
Good stuff, Michael, appreciate your expertise as always, Michael Gordon,
Westpac Senior Economists, eleven past seven, The last blinder of
the Time's got the motor trade association with a campaign
to better protect service station workers. In the first six
months of this year, there's been sixty aggravated robberies more
than twelve thousand reported thefts. MTA have released a ten
point action plan. Chief executive Lee Marshals will us leave

(34:05):
very good morning to you.

Speaker 20 (34:07):
Hey, good morning mate.

Speaker 4 (34:08):
I was hoping you could come on the program and say,
I'll tell you what things are improving rapidly. So we're
really bullish about this. Are you saying anything like that
at all or not? Really?

Speaker 20 (34:17):
No, unfortunately not. I think it's possible that we've reached
a point where things are not getting any worse, but
they're not getting any better either. Hence, you know, in
order to help out over almost a thousand petrol station
sites that we represent across the country, we're trying to
be their voice to make sure that this continues to
be an issue and doesn't become doesn't become normal from

(34:39):
the government's perspective, because crime is a serious issue for
petrol station retailers across the country. The vast majority of
them are small independent businesses, franchises or brand licensees, and
crime hurts.

Speaker 4 (34:54):
Are you seeing any sort of turn around the police
the governor made a big deal about police cops on
the beach reacting to it getting and you know these
twelve thousand thiefts cameras alt of that, do they react
or not?

Speaker 20 (35:05):
Like Look, I mean, I think that the rhetoric that's
come from the government has been has been very positive
to date.

Speaker 21 (35:11):
I don't know that it's.

Speaker 20 (35:11):
Necessarily translated into a lot of action. I mean, to
be fair to the government, they are calling together a
Ministerial Advisory Groups for retail crime. I think we'll have
a space on that yet, but I mean it's all
in the right direction. But I think what we need
at this point is action, and that's why we've pulled
together a ten point plan as part of saying, you

(35:32):
know what, we're a motor trade association. We're not crime experts.
That we do think there are practical things that can
be done that are not too difficult, that will make
a meaningful difference to the people who are ultimately the
victims of these crimes across the country.

Speaker 4 (35:45):
I'll put them to Mark mitchell Is with us after
I give us the top two, what literally can we
do that isn't being done currently?

Speaker 20 (35:52):
I think what we've tried to do that's not necessarily
normal in the sere at the moment is be a
little bit creative. So you know, one of the things
that we're calling for is given half the cost of
fuel is tax. It would be great if the victims
of fuel theft could claim that tax back.

Speaker 4 (36:13):
I got roden, I want the three dollars fifty that.

Speaker 20 (36:18):
Well, if someone steals one hundred dollars worth of fuel
for the petrol station, fifty dollars of that is tax,
is what I'm saying.

Speaker 4 (36:25):
That would be a motivation for the government. Of course,
if then it became to pass, be a motivation for
the government to actually crack down and get a bit
serious about it, wouldn't it Because no one.

Speaker 20 (36:31):
Likes there, we go double incentive. I mean, otherwise, we know,
and we have evidence here and over these that extended
deep patrols really do make a difference. Would we would
like to see petrol stations, yeah, included and those And
the other one is we'd love to see remorse discounts
disappear for people who are sharing and glorifying their crimes

(36:51):
on social media, trying to you know, encourage or not encourage,
but you know, trying to take credibility from from promoting
what they've done. From our perspective, you don't get to
firstly commit a crime, secondly tell everybody else what a
great thing you've done, and then thirdly say you're sorry
and get a remorse. Discount to us just doesn't make sense.

Speaker 4 (37:12):
Now, it does not. I reckon that might actually and
I will ask Mark about this, that might actually be
a part of their discounting law that they're they're putting
through at the moment. Lee appreciate that Lee Marshall has
the MTA Chief Executive. But we'll put that detail to
Mark after right fourteen past.

Speaker 1 (37:27):
The High Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 21 (37:32):
At b Now.

Speaker 4 (37:33):
The council voting on the Marray Wards Lord today, so
we'll get the update on that for you in a
couple of moments. Interesting stat for you seventeen past seven.
By the way, by twenty forty eight, number of retirees
living in rentals expected to double. That's more than six
hundred thousand to over sixty five's in the private rental sector.
Comes out of a Retirement Commission report age. Concerned Chief
Executive Karen Billings Jensen's with us on this. Karen, very
good morning to you.

Speaker 13 (37:54):
Good morning.

Speaker 4 (37:54):
Do you believe the numbers? I was mucking around with
some of the sensors and starts that that's a lot.
That's a huge perceiverge of over sixty fives if one
is it true? And if it is true, what's gone wrong?
Do you reckon?

Speaker 13 (38:07):
So our understanding is that it is true. And certainly
that's what the trajectory is looking like because we can
see that home ownership has been dropping and there's a
whole lot of well trod reasons around that. So obviously,
if home ownership dropping, then rental is going up.

Speaker 4 (38:22):
And the problem the problems with that is what the uncertainty.

Speaker 13 (38:26):
Well, obviously the uncertainty. Everyone wants to have a secure
home to live in, you know, warm, comfortable, safe, accessible,
and that's one of the problems. You know, most people
want to age in place, so they want to age
in the community that they've got connections with that they know.
You know, no people have family, have friends, but sometimes
our housing stock, well many times it isn't suitable to agent.

(38:50):
And even many of the newer houses that are being built,
and in the area where I live, lots of new buildings,
but most to story homes.

Speaker 4 (38:59):
Okay, so you don't want to story. What about the
apartment market, which has been up until recently relatively boyish
in terms of new builds, most of them a single
level is that? Is that an option or the longer
term rental market, you know where you assign a rental
agreement for twenty five thirty years.

Speaker 13 (39:15):
Well, what the research shows is that actually landlords have
a really positive you know, relabor respectful, low maintenance. So
while apartment living is as great, I guess it's also
thinking around the belt environment, like where are they, how
accessible are they? You know, you certainly don't want to

(39:35):
be stuck number of flaws up, the powers out and
you can't.

Speaker 10 (39:41):
Look.

Speaker 4 (39:41):
I know people, I know all the people who live
in an apartment buildings, and that's sort I think that's
more urban myth. I mean because the times the power
go out, I means very rare that that happens, isn't it?

Speaker 13 (39:50):
Oh No? And I agree, But it's definitely a solution
for some people. But again with people wanting to age
in the communities that they know and where they know
the doctor, where they know their shots. Yeah, it's really
just how we're going to marry up the increasing number
of people that we'll be looking for rentals in an
older age that will be suitable to agent.

Speaker 4 (40:13):
Okay, Kevin nice and so I appreciate it very much.
Karen Billings Jensen Age Care CEO. There's new rules coming
to the rugby this weekend. The All Blacks versus Argentina.
They're gonna put a clock. They put a clock on
the kick. Now I suppose that's all right, isn't it?
I mean, ask old Damien anyway? Are they're gonna put
a clock on the set for the scrum and the
line out? And this is going to work? We'll talk
to a referee. Seven twenty.

Speaker 1 (40:35):
by News Talks.

Speaker 4 (40:41):
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continues through their guarantee of free scripts in every store
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great Chemist Warehouse August catalog office. That sale must end today,
which you can say big time with Chemist Warehouse. Pask
ging wud be pretty four upside to COVID. As most
of us got into the Reserve Bank thing, didn't we,
I mean, we sort of started thinking about it more

(41:44):
than we ever have, had a better understanding of what
they're about and how profoundly they've affected, or continue to affect,
all of our lives. To the FED, I mean, just
this week, the Fed not cutting until maybe September. But
then the jobs report comes out previous Friday, people panic,
the recalls for emergency cuts That won't happen, of course,
and in a way that's why we have Feds, not
people who freak out running around the place. Yesterday. The

(42:05):
Australian Reserve Bank made their call last week. There was
the real suggestion based on job numbers there were too
many of them. Not only was there not going to
be a cut, there could be a hike. That led
to headline right as suggesting it would be the end
of Elbane easy and that it was the decision of
a generation. Next week we got our own Reserve Bank
doing the same thing. Now there's an amount, not a lot,

(42:25):
but a bit little bit of thought that they could cut.
I doubt they will. Jobs are not our problem. We
certainly don't have too many of those, but inflation has
not come down to a state that they will be
comfortable with that non tradable numbers five point four. That's
not cutting territory. Most retail banks have you heard a
moment ago, say one or two cuts by the end
of the year. I think they're probably right, which means
in this bit's important that the Reserve Bank is wrong,

(42:47):
and they're currently telling us they're not cutting until well
into next year. I don't think they're actually that sure.
But the big clue the game has changed. Although we
all march to our own beat, we're nevertheless entwined. If
the feed in America can, we're going to have to.
We cannot be an outlier. We are so flotsam and
jetsam esk we go where the world goes. Basically, of course,

(43:08):
what was What has sort of rooted the US market
in particular is this tech obsession. A bloke in a
leather jacket made some neaked AI chips and everybody drank
the kool aid on what AI was going to do
with the world. It's another bubble basically, not AI itself necessarily,
but the hype around the next cool thing made by
the next cool company. A lot of activity on markets

(43:30):
is not rooted in basics or fundamentals or common sense,
but noise and speculative greed. Basically that thing the good
Lord is. Why are the central banks don't dabble in it?
Make no mistake, this is all a mess. I mean,
economically in New zealand's not doing remotely well, but increasingly,
The white heat of expectation shines on central banks, from
Wall Street to Shiftley Square yesterday in Australia to the

(43:52):
terrace next week. Asking Olympics, I've questioned over the last
week and a half some of the stuff that we'll
see there. And I watched the wall climbing, the speedball
climbing this morning as a thing that you go, jeez,
are pretty fit, pretty cool. Yep, that's impressive. I've climbed
a wall, not as fast as they have, but so
they're fast. Good on them. Is it an Olympic sport?

Speaker 16 (44:15):
No?

Speaker 4 (44:16):
We are in the C two canoe sprint. That's the canoe,
the old what I would call, without getting in trouble
with anybody, the old Indian canoe. And you go down
on one knee with one paddle. There's two of you
in the canoe in your paddle. We're in that. In
our heat, we were more than forty seconds slower. Forty
seconds is a two minute race. Forty seconds slower than

(44:38):
the next worst finisher. In other words, we're hopeless. We
qualified for the Olympics in a race against just two
other crews. One of those crews involved people who are
age seventy. This is the Olympic Games. So we beat
some seventy year olds. Still not that good. Go to Paris,

(45:02):
turn out to be pretty hopeless, and you call that
an Olympic sport. I mean, give me a break, maur
re Ward laws. Councils all over the country are voting
on those. They've got to go to a referendamle dump
the seat completely. Another council does the business today. What's
their vote? We'll talk more shortly.

Speaker 1 (45:20):
Big news, bold opinions, the Mic Hosking breakfast with Bailey's
Real Estate doing real estate differently since nineteen seventy three,
used togs had.

Speaker 4 (45:30):
Been reassured yesterday. I think it was about this time
ish yesterday that I was busy waxing lyrical about how
you shouldn't get sucked in at the moment as far
as banks are concerned, and banks the lowering interest rates
and the lowering interest rates for several reasons. One, they
have some sort of anticipatory view that this is broadly speaking,
where we're heading. But mainly what's driving it at the
moment is they need to get money out the door,
and the competition's on, and so they cut by twenty

(45:51):
thirty points and sort of try and entice you into
the bank. Having said all of that, and I always
put the same writer on domean, you know, listen to
me if you want, don't. If you don't, I don't mind.
But one roof've got a very good piece. Brokers themselves
are saying, don't get sucked in at the moment. I mean,
if you're locking in money long term at five nine nine,
you're a full easy street to quoted in this particular article,
I'm reading you'd be a little foolish to lock in

(46:12):
a three year rate of five nine nine right now.
There is no question or no doubt in my mind.
And clearly the brokers are thinking the same way that
when Adrian goes, he's going to be like many other
banks around the world. He's going to go one, two,
three or four, and things are going to start moving
and start moving fast because there's an increasing and certainly
you've seen it in America, although they completely overreacted on Monday,

(46:36):
you've certainly seen the general thinking that the central banks
ballsed it up the first time, and they're ballsing it
up again the second time. In other words, they're waiting
too long and the economy's too cooked and they when
they go, they're going to go, and that's when the
interest rates are going to start a full So that's
in one roof at the moment, twenty two minutes away

(46:56):
from eight begin Mark and Ginny after I on politics Wednesday. Meantime,
Lis you, Mari Ward Moore. I is playing out of
council level around the country as we speak. The current
district council gathers this morning. They're going to vote on
whether to keep it or go for a vote and
ditit or ditgit. The Cavity Cast councilors have chosen to
keep the award this week and they'll go to a referendum.

(47:17):
The mayor up north though, is Craig Gipsum, who is
with there's Craig, very good money to you.

Speaker 15 (47:21):
Yeah, good morning, Mike.

Speaker 4 (47:22):
How much angst around all of this generally?

Speaker 15 (47:26):
Probably a lot more than I expected. We've got protests
coming into Long and White today. Evidently seems to be
a lot of media attention and it's not a present situation.

Speaker 4 (47:38):
Actually, to be honest, are you here kicking and screaming
as a council in other words, you wouldn't have done
what the central government has done.

Speaker 13 (47:47):
Well.

Speaker 15 (47:47):
I celebrated that, singing in Brown said that it was
a return to democracy, because I believe it was. And
then I ran the petition back in twenty twenty before
and I retrospectively changed the law, and I had a
very strong mandate of eight point eight percent of my
voters here signing the petition wanting to have have you know,
they didn't want the Mary Award.

Speaker 4 (48:09):
No, the I mean, you can't argue about the democracy thing,
can you. I mean, what Mahuta did was undemocratic, and
what councils do if they don't ask people is undemocratic,
isn't it. I mean it's it's irrefutably true.

Speaker 15 (48:23):
Oh that's correct, that's what happened. And you know, the
thing that's interesting about my position is I then went
to the election with my one hundred and fifty word
statement where I clearly said that I'd sponsored and presented
to the Kipa District the petition objecting to the undemocratic
introduction of the race based ward. And I received one

(48:43):
thousand and five hundred and ninety two votes above the
nearest candidate competing against me out of six. So I
see that as a very strong mandate.

Speaker 4 (48:53):
Min Well, that's democracy, isn't it, And that is a mandate.
The interesting thing about it is what councils are doing now.
I don't think they'll vote for a referendum because they
know if a referendum was held, apart from being a
waste of money, they'll lose, won't they. I mean the
history tells us they'll lose.

Speaker 15 (49:10):
That's right.

Speaker 4 (49:11):
No, no one votes for a Maori ward or seat
when given the opportunity. I think I think that's a
statement of fact, isn't it.

Speaker 15 (49:18):
I think it is. Look, I've worked with Mary my business,
but there was Mary. I had had probably what would
be classes at Mary Business actually in the concrete game,
in the subdivision game. And you know those guys I
talked to them all the time still and that you
know they don't they don't feel they need to be
demeaned by having special special war. You know, we're well
represented anyway, but married by a population. And we've got

(49:41):
three meals in the country, we've got make up north there,
we've got tony of taps or we've got farn hour
from winning something. Well, we're all represented. And if people
are good, no matter what their race or religional color
or whatever I done, good people will vote them. That's
as simple as that, and that's been happening now country.
We don't need to give special privilege.

Speaker 4 (50:02):
That's what I worry about. And the other thing is
we talk about Marie as though they're one group, as
though you might talk about men as one group or
tall people as one group, and it's not true.

Speaker 15 (50:13):
Now, it's not. We're a very blended, mixed society.

Speaker 22 (50:16):
You know.

Speaker 15 (50:16):
I've got heaps of mates out there, and I've got
you know, they marry with a blond wife, you know,
I mean they feel quite confused by it, or you know,
they want to celebrate their married culture, but they also
don't forget about their other mix.

Speaker 19 (50:27):
You know, we're a very mixed bunch of people.

Speaker 4 (50:30):
Actually, you have any sense of how the council will
vote today?

Speaker 5 (50:35):
No, I don't.

Speaker 15 (50:36):
Actually I'm not overly confident either way. I think as well,
once again, it will be a democratic process. Everyone has
their views. I just hope that some of them are
not going to vote the way they don't want to
vote because they feel intimidated. There's a little bit of
that feeling there, I think. But yeah, we'll see. I'll

(50:56):
run the meeting as best I can and hopefully the
democratic process will give us a result that you know,
won't have to live with.

Speaker 4 (51:03):
Good stuff. Craig, nice to talk to you, appreciate it
very much. Craig Gypsum, who is the kind promier and
in the limelight today eighteen minutes away from eight ask
a lot of reactions of this this morning, Mike Benedict,
I'm a journalist. Collins story on TV one last night
what irked me? I mean, obviously, linear television has a
well documented series of problems at the moment and we

(51:26):
won't need to relitigate that. But can I suggest once
again that part of their problem is they're just not
in touch with the real world. So right up the
top of the bulletin yesterday on TV one was this
loose work story about how Paul Goldsmith, the Justice Minister,
in inviting somebody turns out to be an Australian Cabinet
minister to a Martoriki celebration or event, had instructed his

(51:51):
officials or secretary to take out the word kiura and
the word art as an alteriro in New Zealand. In
other words, he just called it New Zealand, and he
just said good morning or or whatever the case may be.
So Benedict and TV one, for reasons best known to them.
Sorry it was Benedict on TV one, wasn't it?

Speaker 20 (52:13):
Who was it?

Speaker 4 (52:13):
Felix? My apologies, So Felix on TV one. He comes
up to Ball Goldsmith's and doorstops him, and Paul says.

Speaker 2 (52:25):
This telling the scandal of the century.

Speaker 4 (52:26):
I would have thought. It's hardly the scandal of the century.
I would have thought, which, of course is true. He
also went on to point out that the Coalition agreement
says very clearly, and that's not unknown to us all
that you don't have to use Marie unless you want to,
and there's no need to use it if other words
are suitable anyway, upshot of it all was and my

(52:47):
advice is in future, simply walk away. Don't answer questions.
The more time you're wasting on this sort of nonsense,
are the worst it's going to be for the media.
Sixteen Away from.

Speaker 1 (52:54):
Mate Love My Asking Breakfast Full Show podcast on iHeart
Radio powered by News.

Speaker 4 (53:02):
Talks It be apologies, It was Benedict. Samuel was thinking
the person who wrote it, the person who wrote to
somebody called Felix. Anyway, Benedict was doing the doing the
damage on screen last night. My point is this that
this country is festooned with serious news and issues at
the moment, you know, proper issues, serious, serious for everything
from politics to the social malaise in this country to

(53:24):
the economy and just door stopping ministers and going I
took that out of a letter. You know, it's pathetic.
Grow up, is my message. In New Zealand, Mike. In
New Zealand profit forecast includes ninety five million dollars of
COVID period credits that are unlikely to be redeemed before
the expiry date. That's theft. Well, that's another story, although
it is included in the overall story this morning. That's
been reported that in New Zealand's having a difficult time

(53:46):
week fourth quarter, and so the people who do these
the analysts who do these numbers, are suggesting that the
profit is not going to be good. They're down. Forecasts
go down from one twenty one million to one sixteen
it's the last of twenty four million in the current
second quarter of the financial year. How can an airline,
I ask the simple question, how can an airline be
losing money. And there's a survey I don't have time

(54:09):
for now that was done yesterday with an agency that's
associated with Auckland christ Church in Queenstown Airport and they say,
despite the cost of living crisis, we continue to prioritize holidays.
Everywhere we look around the world, people are making money
and people are traveling. How is it the day in
New Zealand. I don't mean to bag in New Zealand
because I love are in New Zealand, but you got
to ask some serious questions in a world where it
appears that a lot of people are doing extremely well,

(54:30):
how is it da in New Zealand? Can't Emirates record
profit eight and a half billion, Singapore Airlines three point
three billion profit increase of twenty four percent, all time high,
Katah two point eight five billion profit, best financial performance
in its twenty seven year history. American twenty four billion
Q two that is Q two highest ever, Nippon two

(54:53):
point two billion, up twenty percent on the A, Cafe
Pacific two point six billion for eighty five percent increase.
And yet here in New Zealand's go backwards. So can
you honestly say it is Our economic circumstances in New
Zealand are so unique that no one wants to board
a plane. No you cannot. So what is it about
air in New Zealand that is not profitable? Do they

(55:14):
not have enough planes?

Speaker 13 (55:14):
So?

Speaker 4 (55:14):
Probably say they've got engine troubles. Most people have got
engine troubles in some way, shape or form. Capacity has
been an issue. They're claiming domestic demand isn't what it was.
That's probably true. How is it the whole world is
flying and the artworking of that is These airlines I've
just given you are making not only profits but record profits,
and air New Zealand is barely scraping by. What is
going wrong?

Speaker 2 (55:35):
Tend to wait on my costking breakfast with the range
Rover Villain use tosend b.

Speaker 4 (55:42):
From Rugby Union about to speed itself up a little bit.
We've got a trial of new laws that will take
effect in the All Blacks Clash this weekend continue throughout
the Rugby Championship. So thirty second limit to be introduced
for scrums and line outs to be set. The n
Z Referees Boss Chris Pollock as well as Chris very
good morning to you. Morning Mike Kell very well, thank
you you like it? Does it make sense?

Speaker 21 (56:03):
Yeah, it does make sense. We've we've tried these and
su ruby this year and I feel like we've got
a pretty good result of spinning the game up. I
think we'll get the same international rugby as the met
officials team stick to those timings.

Speaker 4 (56:17):
Is there any difference between Super rugby and international rugby
in terms of setting the scrum or doing a line out?

Speaker 21 (56:25):
I don't think in international rugby we've stuck to those times,
whereas religiously this year in Super we can and then
we had our guys accountable to that to make sure
that we were sticking to the times. And yeah, I
think we've got a lot better outcome.

Speaker 3 (56:40):
Right.

Speaker 4 (56:41):
Damian McKenzie of course got famously pinged on the kick.
Does anyone get pinged on a line out or a scrum?

Speaker 21 (56:48):
Well, that's the theory. If they go over the steady seconds,
they will, it'll be it'll be a free kick.

Speaker 4 (56:55):
And what's the referees warning? Does it go guys five seconds,
watch out tens whatever?

Speaker 21 (57:01):
Yeah, so the refereral make a mark and say chock
locks on and then basically they've got thirty seconds to
get formed up and if they're not done the next
thirty seconds by Tommy says crouched, then he'll make a decision.

Speaker 4 (57:14):
Okay. Is harder for the line out to assemble all
the scrum.

Speaker 21 (57:20):
I think they'll both be straightforward. As soon as the
ball's out, the refereral make a mark and everyone's got
to get to it and line out of time, and
the same thing. If everybody should be there when he
makes the mark for a scrum, we go.

Speaker 4 (57:31):
How much angst is this hole? There's not enough rugby
being played at any given time. How much is angst
driving this whole conversation.

Speaker 21 (57:41):
I think everybody wants ball and play, whether that be
around scrum, whether it be around shots of goal or decisions.
The more actually we can see, the better the games.
So that's what's driving a lot of it. And I
think we've just lost our way over the last couple
of years, but hopefully getting back to it.

Speaker 4 (58:00):
Good stuff. Chris go Well, appreciate it very much, Chris Pollock, referees' boss.
Do we know who we've got on the program? Friday
from the Orblis had a meeting with the All Blacks.
Haven't updated you on that, but it was very exciting meeting.
And I'm told was it an exciting meeting? Was a
convivial meeting?

Speaker 10 (58:16):
Fireworks?

Speaker 4 (58:16):
Probably fireworks meeting? Anyway of it been. We've got a resolution,
as it turns out, and I'm very proud of the resolution,
because it was only as a result of me whining
that they rang up and they went, oh, I'm new
to the job, what can we do to assist? Which
is not the first time they rung up. He doesn't
talk like that, does he? To be fair to him, No, sok,
anybody does. I don't think anyone does. Anyway. So they

(58:39):
come up and we had this meeting, and they've guaranteed
us in all black each and every Friday before a test.
There is some loose interpretation the boss because it was
that sort of meeting. The Boss was there and he
said a marquee player. That was the word he used
with us the other day, wasn't it was? He goes, oh,
it's fab fabulous meeting. We're going to have a marquee player.

(59:01):
And I said, what sort of market player would you
have in mind? Jace, I said, And that's where it
got a bit loose around the edges. He sort of
thought he might have oversold that potential.

Speaker 10 (59:09):
Let's not judge before it happens.

Speaker 18 (59:11):
Well, no, that's true, and they probably were listening avidly
to that very interview and it's found to be either
a hooker or a lock. I would say they'll and
they'll have expert opinions. I'd line out jumping and well.

Speaker 4 (59:23):
The bere minimum is somebody who's going to be actually
playing the game. So that doesn't make the marquee, just
makes them available and then next way, So anyway, we'll
see how we go this, right, But the upshot is this,
The good news is this, we've reached a resolution. They're
going to be more all blacks on the mic Hosking
Breakfast and that is no bad thing.

Speaker 2 (59:44):
Demanding the answers from the decision makers.

Speaker 1 (59:47):
The mic Hosking Breakfast with Vida Retirement Communities, Life Your
Way News, Tog.

Speaker 22 (59:53):
Said, be follows many strange impulses down on the planes
of the West. There's very young boy who feels things
he can comprehend.

Speaker 4 (01:00:07):
What's this wonderful?

Speaker 5 (01:00:09):
Chaplin?

Speaker 22 (01:00:10):
Might a small town don'tlike it when the son is
one between sexes?

Speaker 4 (01:00:15):
Where's Willie?

Speaker 10 (01:00:16):
Because of an expens with me?

Speaker 22 (01:00:17):
No small town don't like you. When a cow has
feelings for men.

Speaker 2 (01:00:25):
That I believe to my soul that inside every man.

Speaker 4 (01:00:29):
Is the feminine? Is he ninety one? Is he ninety one?

Speaker 2 (01:00:33):
That is side that every lady.

Speaker 22 (01:00:35):
There's a deep manly voice, loud and clear.

Speaker 4 (01:00:38):
It's there, but it ain't what it used to be?

Speaker 13 (01:00:40):
Is that?

Speaker 4 (01:00:40):
Anyway? This is some cable pick a brag about. The
album is called Stampede. Did the Ponies in nineteen, did
Bronco in twenty twenty two, So he's doing Stampede in
twenty twenty four. He's got Willy on board, the ones,
He's got Elton on board, he's got Back on board.

Speaker 2 (01:00:57):
Cowboys are frequently secretly jes want.

Speaker 4 (01:01:01):
To stop the recording, go, will you want to clear
your throat?

Speaker 14 (01:01:05):
Start?

Speaker 4 (01:01:06):
He's got Teddy swims on anyway, and that.

Speaker 18 (01:01:09):
Is the same that you've talked over the chorus because
someone's got a play called title.

Speaker 4 (01:01:15):
Cowboys are frequently secretly fifteen tracks and forty eight. Father's
Day's Coming, It's before save and it's past eight. Time
for Mike Mitchell and Jenny Anderson. It's politics Wednesday here
on the make asking breakfast. Good morning to you too,

(01:01:36):
now mark the MTA. We had on earlier on the
Motor Trade Association, they've got a ten point plan. Today
there's far too many robberies at service stations and far
too many drives off, et cetera, and they had Have
you received the ten point plan? Do you know anything
about the ten point plan?

Speaker 17 (01:01:53):
No, look, my office might have received it. I haven't
read it yet, but I will have a look at
that look at the end of the day. Met Tourney,
who leads up our retail crime unit. It doesn't outstand
the job. He is working closely with the MTA. With
the MTA, I will be meeting with them. We are
planning a meeting. I know for a fact that when
we get a spike in the in the robberies, that

(01:02:13):
the police swarm stuff into high visible patrols keep an
eye on it. We've sort of suggested Z Energy have
gone to pay at the pump, which has been very
effective in stopping the drive offs because obviously the stolen
cars the people that come in for the drive offs,
So there is a lot of work going on in
that space.

Speaker 4 (01:02:29):
Without a doubt, I don't know why everyone just doesn't
do pay at the pump now Jinny as former justiceman.
So you may know this because one of the ten
points that they want is that there's no discount if
you have and this is the new law of the
government's bringing in. I think there's no discount if you've
boasted about the crime on social media. Do you do
you know that's ever been part of anything or could
you not get a discount specifically because of that sort

(01:02:51):
of behavior.

Speaker 23 (01:02:52):
We had it as a policy for an aggravating factor,
saying if it was pasted to social media, but that's
for you can put that in the legislation. But at
the end of the DUT's the judge you determined how
much of a factor that played in the defending and
whether it deserves exective sentence.

Speaker 4 (01:03:10):
And would that be part of your new Lawmark, do
you know in that sense the minimum discount? What was
it doing? No more than forty percent or whatever it is.

Speaker 17 (01:03:19):
So which we're dealing with the sentencing piece around exactly
that is that every other media we're still reading the
discounts of seventy five up to sort of ninety percent.
So we kept in the discounts of forty percent, and
we think that what that's going to do. In fact,
if the judges apply it, they should do because we
passed where the lawmakers, then that's going to fix the
problem around the whole. All of us is a country

(01:03:40):
feeling that currently the consequences aren't mentioned, the serious the
offense offending.

Speaker 4 (01:03:46):
What's your vibe, Jenny on the house is brownly trying
to tone this place down? Is it got a bit
hot lately?

Speaker 23 (01:03:54):
Look, it's a difficult situation that the House is in
right now, but it definitely seems slight. I would say
people are are a lot that are quieter and general,
and I think he's trying to do the best he can.
Some people have sort of thought he let it go
but too far before he rained it in, and that's
the situation we're in now. But I've got to give
him credit. You know, he's making a good sort of

(01:04:17):
first act, trying to bring things back, and it seems to.

Speaker 19 (01:04:20):
Be working a bit better this way.

Speaker 4 (01:04:22):
What's your assessment of it, mate, Oh, I think Jerry's
a very good speaker.

Speaker 17 (01:04:26):
I think that he was very clear you sir in
the house. But you know, the reality of it is
is that it's said that he's got to make that
sort of individual all adults, we should know how to
treat each other with respect.

Speaker 19 (01:04:37):
I think it was pretty outrageous.

Speaker 23 (01:04:39):
It was pretty outrageous act, you know, act basically, you know,
you've got someone who's going to be a deepaty Prime
Minister David Seymour openly defying the Speaker. And what was
really interesting is usually the Leader of the House, which
would be Chris Bishop, who would defend and that are
stuck up for the speaker, and that didn't happen. So
he had, you know, a Seymour standing up wearing his pin,
refusing to take it off in essentially kind of shutting

(01:05:01):
down Christian time, and then the government not doing anything
to support the speaker. So that's the most unusual thing
that happened last week.

Speaker 4 (01:05:08):
Isn't it broader than though, Jenny? I mean, I take
your point, I get it, but that's sort of Beltway
as opposed to some of the treatments. I mean, watching
Karen Chua in tears because she's been bullied is just
completely unacceptable.

Speaker 17 (01:05:21):
Good I'll be saying on this for months acually. I've
watched the treatment that's been handed out to Karen Schaw
and it has been bullying and she has been targeted
and uh, and that's got to stop. I think that
all of us in the House should take a standing
against any type of bullying.

Speaker 23 (01:05:40):
What do you say, Jenny, Well, it's it's a difficult
area because she still needs to be held accountable for
decisions being made by the government.

Speaker 14 (01:05:48):
Shen't want to at all.

Speaker 23 (01:05:49):
Well as a difficult area because she still needs to
become accountable for some of the decisions he's making. And
it was kind of I mean, I have questions around
data Signore's decision making that when there was a decision
from Select Committee around LW A. Trask at Committee, he
sing Karen Shaw down to the press gallery to talk
to them regarding that issue. You know, if that was me,
and if that was my my staff, my person and

(01:06:12):
my corpus doing that, I wouldn't put the person who's
already under pressure and distress into a situation that was
going to cause them further distress. So, yes, it is
a difficult situation. But I have some real questions around
the way that David Seymour, You're into position where she
was going to be under even more pressure.

Speaker 4 (01:06:30):
All right, get you view in a moment, Mark Mark
Mitchell Ginny Ander some more shortly thirteen past the Mic.

Speaker 1 (01:06:35):
Asking Breakfast Full Show podcast on iHeartRadio, coward By News Talks.

Speaker 4 (01:06:40):
It Be News Talks are sixteen perst eight Politics Wend Wednesday.
Jinny Anderson Mark Mitchell said, it's an interesting thing. Mark
and Jenny I think articulates it well because I'm looking
at the house. Say, just yesterday, Chure, Simmons and Costello
have been targets from the opposition and you could argue
because it's a robust and environment. Rightly so, because they've

(01:07:01):
got some questions to answer. So what's the line between
holding people to account and bulan them.

Speaker 17 (01:07:08):
The line is getting personal and that's what's been happening.
And you must hold ministers to account. That's what Parliament
is for. But that is Karen Chaw's workplace. And I
think it's a ridiculous premise for Ginny Anderson to come
on the show and say that David Seymour is irresponsible
to allow Karen Chad to go into her workplace. What's
irresponsible is Tenny.

Speaker 23 (01:07:29):
Center into the Priest Gallery to answer question He's enter
into the press gallery when.

Speaker 17 (01:07:36):
That well, that that's her workplace, that it's our job
to front up to the media. That's our workplace. So
what you're saying is remove the victim and not deal
with the abuser. So let's let's all of us just
be really clear that you can hold ministers to account
Jenny without getting personal.

Speaker 23 (01:07:52):
And Mark, it's really important to note that no one
from outside of how every need personal comments around her.
There has been some comments made.

Speaker 19 (01:08:05):
I've heard them in absolutely ridiculous.

Speaker 23 (01:08:08):
Mark, that is not true. You've sat there yesterday, you
were sitting nextiting there. But there has been no personal
comments from caring Toure because we have all discussed that
and we've made a clear decision as a caucus not
to do that because that's not what we believe in.

Speaker 17 (01:08:27):
Can I just finish this by saying, my entire career
in the House, I'm proud of the fact that I
have never been personal and I've never made a personal comment.

Speaker 14 (01:08:35):
By the time, the.

Speaker 23 (01:08:39):
Absolute rubbers. You say things under your breath in the
house frequently to me that are personal and are attacks.

Speaker 17 (01:08:45):
You go, that's an absolute life. So give us one.
Let's give us fun.

Speaker 23 (01:08:51):
You were here and say you're hope, you're hopeless, your
hope at your job you don't know what you're doing.
You would say personal things about me when I'm asking you,
when I'm asking questions in the house, personal remarks about me.

Speaker 4 (01:09:04):
You don't go down a rabbit hole here, having.

Speaker 5 (01:09:09):
Do you?

Speaker 4 (01:09:10):
Is calling somebody hopeless a personal attack.

Speaker 23 (01:09:12):
Genny, I think it is. If you're talking about your
personal character and talking about what they do.

Speaker 19 (01:09:17):
I think what you need to be focused on.

Speaker 23 (01:09:19):
What you need to be focused on is not be doing.
If there's been an outcome in their job, or there's
been they've promised to deliver something and they've failed to
deliver something, that's okay. But if you're going into personal
character assassination, that's different.

Speaker 17 (01:09:34):
I'd invite you to go back and pull the tapes
necessary question time and listen to where the heckling was
coming from. And Ginny is right. I did make a
comment in the house. My comment was this, you are
not across your brief. That was my comment in the
house yesterday.

Speaker 19 (01:09:49):
Come so you can.

Speaker 23 (01:09:53):
You can mate you know deep, you know exactly what.

Speaker 19 (01:09:59):
A listen I was sitting there.

Speaker 17 (01:10:00):
I think you get the story.

Speaker 4 (01:10:08):
Just let me play you. Let me just play a
couple of clips here. So there's these are both Green members.
Lets listen, listen to these two.

Speaker 24 (01:10:15):
Now, some of these gangs are doing quite positive things
within our community, and so I do worry about this
section whereby it will prohibit their ability to congregate.

Speaker 25 (01:10:28):
And the second one, I want you to ask yourself,
would you rather be walking down a dark alley and
see a PATCH member or a police officer? For many
people in New Zealand, they would feel safer alone with
a PATCH member than the police.

Speaker 4 (01:10:45):
So that's Lyndon and Carter Ginny. Do you relish the
prospect of hanging out with those sort of people in government?

Speaker 19 (01:10:52):
No, I don't support.

Speaker 23 (01:10:53):
Those statements, and we don't agree with those statements. But
you know, a lengthy debate on that, and we raised
some really serious issues about what that belt does. So
we are concerned that it's cosmetic, that it doesn't attack
the root causes of crime, like the manufacture of mething
fetamine and international crime networks. All it does is take

(01:11:14):
pactures off and that looks okay on the tally, that
looks great, but it doesn't address organized crime.

Speaker 17 (01:11:19):
And the gegapologists.

Speaker 19 (01:11:23):
Listen to the gapologists.

Speaker 17 (01:11:25):
I mean, the Greeds have always the Greeds have always
been governeds for with Laban. This is they are aligning
with the gangs. They are supporting the gags, and we've
been very clear the gains that there's there's enormous intergenerational
harm that's created, there's there's they are responsible for a
significant amount of violence in our communities, that's the peeling
of drugs, and.

Speaker 4 (01:11:44):
We please, well of us get that. But that's that's
my question to do. How do you distance yourself from
that level of it?

Speaker 2 (01:11:50):
Easy, Well, we don't.

Speaker 23 (01:11:52):
Agree with that position at all. We make that incredibly clear. Yes,
we have roots in governments the Greens before, but we
don't agree on everything, and that's one of the things
we don't agree on. We take a strong position that
games are incredibly harmful, but we disagree with Mark's approach
that just taking their jackets off them makes a lock
of difference.

Speaker 4 (01:12:10):
Nice to see you both. Will catch up next week.
Ginny Anderson, Mark Mitchell twenty two past eight.

Speaker 2 (01:12:15):
Cost Breakfast with Bailey's real estate news dog.

Speaker 4 (01:12:18):
Zvy A twenty five. Mike, come on, let's see who's
telling Porky's pull the tapes. As Mark asked, you can't
bring you can't pull the tapes. It's not it's not
how it works. I watch question Time every day and
I watched yesterday, and the tapes don't cover You can
really only hear what's going on in terms of the
person who's got the microphone open and a little bit
of noise around them. When it gets particularly rawcus you

(01:12:40):
may occasionally hear something, but in general, there's a lot
of muttering that's never captured by any microphone at all.

Speaker 10 (01:12:47):
Sorr, it's good to hear that. You telling me how
hopeless I am is bullying.

Speaker 4 (01:12:52):
Well, that's only according to Ginny. I just say it's
a critique, and so you know.

Speaker 10 (01:12:57):
It's just at a shorthand of you're doing a hopeless job.

Speaker 4 (01:13:00):
Yeah, exactly right, And then that's as opposed to you
being hopeless or you're a hope. That really was a
hopeless job, Glenn, as opposed to Glenn you are hopeless?

Speaker 10 (01:13:10):
Right? Yeah, So okay, quite a good Lot's a fine line,
isn't it difficult?

Speaker 4 (01:13:15):
In New Zealand? Might they stop flying to the UK
now you've got to change carriers? There's probably something in that.
I raised their New Zealand's issues earlier on because their
flights are too expensive. Wrong, Their flights know more or
less expensive than carriers around the world. They're competitive internationally
around the world. You're going to go, but what about
domestic are Yes, there's some money to be made from domestic,

(01:13:37):
but that still doesn't explain why they're not doing well
in terms of everyone's going. They're so expensive. They're full.
Their planes domestically are full, so it's not like they're
expensive and therefore no one's flying and all their planes
are empty. They're full, so they're charging, you would argue,
more than they should be charging. Plus their planes are full,
so there's revenue coming in. So how does that explain

(01:13:57):
how they're not doing as well as other airlines. They
can't get ahead because New Zealand's and die economic times, Mike,
everyone's in the same sort of economic where maybe it
could be something we're maybe a little bit worse. But
i mean, look at the numbers, look at the people.
Hundreds of thousands of people went on holiday just these
last school holidays, many of them internationally. There seems to
be in this I'll get to this poll, this survey

(01:14:18):
that was done and released yesterday with the airports, there
seems no indication at all that a cost of living
crisis is stopping us going on holidays. We've prioritized holidays,
Mike in New Zealand was a terrible airline made great
by Rob Fife. Now it's rubbish. I'm not sure that's
the most analytical of news in the world, but your
opinion's welcome news for you. In a couple of nights,

(01:14:39):
sim will across the Tasman catch up with Skied christ
here at Newstalk.

Speaker 1 (01:14:42):
CBS, your trusted source for news and fews. The mic
Hosking breakfast with the.

Speaker 2 (01:14:50):
Range Rover villa designed to intrigue and use tog sad.

Speaker 4 (01:14:54):
Be Mike here in New Zealand needs better global network
and partners. Being to Europe twice this year went an
easy route vided by a dough Yeah, there is that
to it. There's probably somebody else texted about the American
airlines coming and eating the Alliance. There's probably something there
as well. In New Zealand problems, Mike, I'm guessing it's
their domestic flights that they're losing money on. You could
not be more wrong. I'll give you the numbers in

(01:15:15):
just a couple of moments. But this survey I've been
alluding to this particular company who did it has an
association with Auckland, christ Church and Queenstown Airports. Just under
twenty six million passenger journeys, both domestic and international, were
completed through these airports in twenty three twenty four, prioritizing
holidays over dining out there continuing to prioritize holidays in general.

(01:15:37):
This is a study into airports are nearly half of
those surveyed I took multiple air travel trips during the
twelve months of the survey period, signaling a return to
habitual air travel. Eighty three percent of travel was for leisure,
seventeen percent for business. So, in other words, the cost
of living crisis, Yes, it's hit us all, but what
we're doing is what money I have left. I'm jumping
on a plane. Hence the original question, what the problem

(01:16:00):
with the New Zealand twenty two to.

Speaker 16 (01:16:01):
Nine international correspondence with ends and eye insurance Peace of
mind for New Zealand business.

Speaker 17 (01:16:08):
Point to you, good morning, I flew to Adelaide. Yes,
so the plane was absolutely groaning with people, not one
spare seat on the entire plane. It's and we have
the same issue as you do. We've got two airlines
and gone bust in the last twelve months. Bonds are
and then we lost Rexicur, so I don't quite work
it out.

Speaker 4 (01:16:28):
On what do you pay to fly from Melbourne to Adelaide?

Speaker 17 (01:16:32):
Rough I did that well, I did that on points,
but it will probably be about three hundred and fifty
bucks let's return.

Speaker 4 (01:16:39):
And would that be regarded by most Australians as acceptable?

Speaker 21 (01:16:42):
Normal?

Speaker 4 (01:16:42):
Expensive? Cheap?

Speaker 17 (01:16:43):
What's that's quantus? So it's more expensive than what you
would pay on Jetstar or on Virgin. But the people
on that plane yesterday appeared to me to be mainly
people going for leisure, not business.

Speaker 15 (01:17:00):
Yeah.

Speaker 4 (01:17:00):
Interesting. So Michelle Bollock, I'm watching her yesterday. I'd probably
say this every time I talked to you, but I
like her. There's something she has, something normal about her.
She speaks everybody's language. But tell you what, You're not
getting a cut anytime soon.

Speaker 17 (01:17:12):
No, she's very blunt, isn't she. I'm not sure if
I used to think. I think I prefer that when
the Reserve Bank was sort of baseless and we just
didn't get the information. But everybody's doing it so tough
for these days that you need to know why. She
came out and said, look, the cash rights something to change,
and she used words like it will not change for
some time, and in fact then went on to say

(01:17:35):
that the Reserve Bank Board that mett we're talking about
keeping it on hold or putting interest rates up as
opposed to cutting them. Now that's not good news for
the government, who are now on the edge of whether
they go to an election or not go to an election.
I mean, if she'd come out yesterday and given a
two percent cut, we were to rush to the polls

(01:17:57):
or have thought. But now the government is staring in
the face of an interest rate rise. The unemployment rate
and the economy in general is the thing that has
still got the bank concerned. The inflation rate remains high.
Things up, the cost of fuel in particular, but also
household insurance, car insurance, those sticky things that you can't

(01:18:18):
do much about are all more expensive. And so I
think the Prime ministers really would have had a very
sleepless night last night wondering what he's going to do.

Speaker 4 (01:18:28):
Exactly. You've got exactly the same problems we've got. There's
something from Men's the other day about work from home,
and I speak and I should have checked, and I forgot.
I thought we had got rid of it. Everyone has
to be back in the office. And maybe I'm completely
wrong on that, but how's that gone down on Australia
because he said, basically, downtown Sydney's buggered and you need
to get back to work.

Speaker 1 (01:18:49):
Yeah.

Speaker 17 (01:18:49):
Look, this is public servants. So I mean both in
Victorias and in New South Wales, the major employer is
the government. I mean, don't let's forget that. Tend and
tens of thousands of people have been added to the
number of public servants that work for the taxpayers supposedly
in both places. Men's who I quite like Labor Premier

(01:19:10):
from the center left, came out on Monday and said,
not only do public servants now have to go back
to the office, they need to do it this week.
He said, you need to be back at your desk
by tomorrow. Now that's clearly not going to happen. I'll
take a little bit more time than that. Well, the
Victorian government, which is of the center left, Dave said,

(01:19:31):
oh no, no, no, no, no, We're going to leave
it like it is. And the policy in Victoria is
you have to work from your desk three days out
of five a week. The rest of the time you
can work from home. The only problem with that is
that no one's checking no one's working out is it
the office who isn't? And so Victorian government had the
hide yesterday to say, well, if you are a new

(01:19:53):
South Wales public servant and you don't like being told
to go back to work for days a week, come
and work in Victoria where you can day at home
in your tracksuits on Monday and Friday and do your
washing and hang out with your mates at the pub
instead of actually doing any work. We don't need any
more public servants. They should be sacking people and they

(01:20:14):
should all be back at work, is my view.

Speaker 4 (01:20:17):
It's a funny business, isn't it, Victoria. It's as much
as I love Melbourne, and we've discussed it. I just
listened to the stories you tell and I may shake
my head. This security threat, by the way, I watched
that as well. What's the guy's name? The Aco guy
like Burgess says your boss. He's quite good. I like
him as well. He's straight to the point. But so
have they got something specific or just a vibe?

Speaker 17 (01:20:40):
It's probably more than a vibe. But it's no one
specific threat that they see coming, but they've raised a
level to an expected terror attack. And what Burgess said
that shook me a little bit. He said, it's to both.
The people I don't know about are the ones that
really worry me. I mean, you remember, but we had
that incident in that church in Sydney where the lone

(01:21:03):
wool arm with the knife went and attacked the priests
and stabbed him in the head. I mean, that's the
sort of person that they're really worried about. Social media
has changed the way that they have to operate, but
they are clearly concerned. Prime Minister was very merely mouth
standing next to Burgess. Burgess made him look weak again.
He's not actually done anything, Anthony album easy.

Speaker 14 (01:21:24):
To clamp down on.

Speaker 17 (01:21:26):
What are particularly these pro Palestinian rallies that are still happening.
We can't still can you believe it? Go to his
electorate office in Marrickville because it's blockaded by people protesting
in favor of Palestine and Hamas. So it is a
dangerous time I think for everybody. But Burgess, you're right,
is a pretty strong character and.

Speaker 4 (01:21:45):
Enjoy Adelaide mate appreciate it. I see next week Steve
price out of Australia. By the way, Lamb prices are
full and eleven percent in Australia since June, breakfast cereals
down to four point one percent. Inflation. This is food
inflation came out yesterday cheese cheese inflation and an Australia
two point eight compared with sixteen point Tea and coffee
tumbled from eleven point nine to one point one chief
to week in Australia. By the way, I did tell

(01:22:06):
you i'd tell you about this EV pilot out of Australia.
So I'm going to do that right now. So you
don't go, oh, you'd said you're going to say something,
but you didn't. You're useless. My wife says that to
me most morning. It's about ten past nine, says you
didn't tell that story, and they go, yep, no, that's
one of my great weaknesses. Among many others, Uber is
offering drivers second hand EV's in an ownership pilot. Their
idea is they need to grow the electric vehicle market.

(01:22:29):
The electric vehicle market in Australia's not pretty much non
existent because it's such a big country and there are
no charges. So these pre owned vehicle an importer called
car Empire, they're going to be offered leases. These drivers
you can eventually lease to own if you want. The
deal starts from one hundred and twenty five bucks a week.
Seems reasonable. You can lead to outright ownership after five years.
But here's your problem. So first of all, you've already

(01:22:50):
got a used EV. You're paying one hundred and twenty
five dollars a week for five years. At the end
of it, you a really old car. What's your battery
doing at the end of that time? As an uber driver,
the chances are not much, so they say cost is
the big issue getting into the market. That's true electric
vehicles and Australia make up zero point six percent of sales.
So who was going to try and do something about it?

(01:23:12):
See how that goes? Eight forty five.

Speaker 1 (01:23:16):
The Like Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 4 (01:23:21):
At b Actually, before we leave, EV's toil away from nine.
By the way, charge in it yesterday. I'm noting they're
the country's largest charging company. The current lull in sales,
they're arguing will soon rebound. I suspect they hope it
will rebound, as opposed to them guaranteeing it will rebound.
They spoke optimistically of the local EV market in a

(01:23:41):
press release about the opening of charge Net's first charging hub,
which is in Towonga. A temporary slow down on EV
sales from recent changes in policy direction will be short term.
How long are they going to run? The policy direction
story from that finish pretty much in October November last year,
and it hasn't moved since. I will fully accept that
some of the car issues in the country at the
moment are a result of the economic climate. In other words,

(01:24:02):
people have got no money to buy a car. But
if you look at the numbers, there are still of
those who are still buying cars. Their choice is very
very clear. It's not an EV. So how long are
we going to argue the old change of policy routine?
They are saying they're going to open more charging hubs
around the country. Good stuff. Kia It quotes kier Is
saying EV sales will pick up again next year. Let's hope.

(01:24:22):
So MG say they don't have a clue, So who's right.
Year Today, twenty eight hundred and eighty nine new EV's
have been registered locally. I mean that's nothing. Let's call
it three thousand over what the last six seven months?
It's nothing. Mike, You and your troglodyte mate, great word
from Australia. Need to wise up to the benefits of
working from home. My wife works for an insurance company

(01:24:44):
and saves two hours a day by not traveling to
and from the CBD. This couldn't with a Kip plup.
I get it all, Jason, I get it all. That's
the old argument of working for I'm not saying working
for home is good or bad. All I'm saying is
that downtown, particularly metropolitan areas like Auckland Wellington, have been
severely affected by people staying at home. It's all I'm saying.
And they've had enough of it in Australia. I just
wasn't sure whether we've had I don't think in this country.

(01:25:06):
I'm looking at the piece of legislation, Section sixty nine
double a eighth of the Employment Relations Act of two thousand.
I don't think we've issued an edict in this country
that you must individual employees.

Speaker 10 (01:25:18):
They love a workplace for all in Australia about.

Speaker 4 (01:25:21):
That, yeah, exactly. There's a lot of that going on.

Speaker 10 (01:25:23):
To be an agreement with the union exactly, Well.

Speaker 4 (01:25:25):
They do mention the unions here.

Speaker 10 (01:25:26):
Actually, does it unfair calling Steve Price a troubler died?

Speaker 18 (01:25:30):
Well, I mean, is he a person who's regarded as
being deliberately ignorant? Or oh sorry, I thought the more
I read that, definitely that maybe.

Speaker 4 (01:25:39):
He was incorrect use of the word. But the word
was one that rolls off the tongue in a nice fashion.
So every now and again you get a text with
a good, good, good word, So I like to use
the word, whether it's.

Speaker 10 (01:25:51):
The always thought that it was a threely good troll.

Speaker 4 (01:25:53):
But no, it's not so domestic. The person who suggested
there's no money to be made on the domestic that's
where all the money is for any New Zealand. So
in total for New Zealand, let me give you the
other numbers. First, they made nine hundred and nine million,
This is twenty twenty three. They made nine hundred and
nine million out of America, out of Asia, the UK
and Europe. They made seven hundred and ten million out

(01:26:13):
of Australia. In the Pacific Islands they made eight hundred
and thirty eight million. You got those numbers out of
New Zealand they made three point eight seven billion. All
the money is in domestic nine to nine.

Speaker 1 (01:26:25):
The Mike Hosking Breakfast with Alveda Retirement Communities News togsa'd.

Speaker 4 (01:26:30):
Be like another way of putting those numbers. If you
want to add up the Asia Pacific Islands income, the Asia, Australia,
Pacific Islands, Asia, United Kingdom, Europe and the American income
comes to two point four to five billion versus just
New Zealand domestically three point eight So all of their
income from the whole world put together doesn't even come
close to what they're earned from the domestic network. Here's

(01:26:52):
a test. Transpower are looking for feedback. They're going to
upgrade the cook Straight cable and this goes to infrastructure.
To our conversation on Northland that we've had, to the
mill in the Central North Island that's closing down because
they can't afford the power. To all the problems in
this country like the brin Durwins, the potholes, all that
sort of stuff, all the stuff we bugger up because
we don't think big. So Transparer at the moment need

(01:27:14):
to upgrade the cook Straight cable. They've worked out if
they improve it or boost it from twelve megs to
fourteen hundred megs, that would future proof this part of
the country's electricity system. In other words, they're thinking big picture.
They do it for the next forty years now. Submarine
electricity cables are in high demand. Don't know if you
know that, but it's true. They're in high demand all

(01:27:35):
over the world. We need to reserve our place. It's
like a flash restaurant. We need to reserve our place
for some cable. So they've gone out to the market
and they've gone, what do you reckon? Shall we go big?
Shall we cover ourselves off? Or do you want to
stay small and just do the minimum? So it'll be
interesting to see.

Speaker 18 (01:27:49):
Hang on, I'm just trying to think, when was the
Auckland power crisis when we sort of started asking serious questions.

Speaker 10 (01:27:55):
About Patrick Strange power cables.

Speaker 4 (01:27:58):
I was breakfast television in Manhattan.

Speaker 10 (01:28:02):
So twenty years if it's back in white days, isn't it.

Speaker 4 (01:28:06):
Very much so? Twenty years ago and we're still having
the conversation they were in parties? Your answer, isn't it
five minutes away from nine?

Speaker 1 (01:28:12):
Trending now with chemist wells keeping Kiwi's healthy all year round.

Speaker 4 (01:28:17):
Jordan Keppler does the Daily show these days, this is
Semi's favorite show, goes home each day. What channel is
the Daily Show on? Says that on the Lifestyle Channel,
Comedy Central, Comedy Central. So Semmi loves the Lifestyle Channel
and the Comedy Central channel and the daily shows his
favorite and Jordan Kepler's as man. Anyway, So Jordan's come
up with this one. This is once again outside of
Trump rally, people were being asked about gay rights and

(01:28:39):
what was fair and what wasn't fair.

Speaker 2 (01:28:41):
Do you think a gay couple should have the same
rates as a No, I don't, I really don't.

Speaker 10 (01:28:46):
I don't think it's fairer to the gay couple.

Speaker 15 (01:28:49):
Well, no, but the regular couple they work so hard,
you're not and a gee couple they want more.

Speaker 4 (01:28:57):
Do you when you say more, do you mean equal?

Speaker 6 (01:29:00):
Yeah?

Speaker 2 (01:29:00):
They want to equal on there and that's just too much. Yeah, No,
that's the wrong answer.

Speaker 5 (01:29:06):
Sorry.

Speaker 10 (01:29:06):
Hold on, it's a.

Speaker 4 (01:29:09):
Fun place in America. Hey, mcryan's back tomorrow? Is it tomorrow?
Mccran's my favorite military analyst in the whole wide world.
I discovered him a couple of years ago doing some writing,
and I thought, the guy knows what he's doing. So
we haven't had him on for a while, and it
just just occurs to me. I don't know if you've noticed,
but the war we originally got him on on is
still going and appears to be probably going for some

(01:29:29):
considerable time yet, so we'll talk to him about Ukraine.
Of course, he's just got the F sixteen's old Zelensky
this week, and of course we've got the unfollowing situation
in the Middle East, so we'll have him Mcryan back
with us tomorrow. We'll see you from six Happy Days.

Speaker 1 (01:29:42):
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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