Full Show Podcast: 14 October 2024

On the Mike Hosking Breakfast Full Show Podcast for Monday the 14th of October, both Seymour and Peters were out over the weekend spruiking foreign investment. So how do we go about achieving it successfully?

We are the most expensive place in the world to jump on a cruise ship and travel here, so no wonder there are 20% less on the way.

Andrew Saville and Guy Heveldt debate whether Bathurst was exciting or not, Nadal retiring and Mike and Sav's imminent visit to a dingy, dirty pub.

Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.

See omnystudio.com/listener for privacy information.

Episode Transcript

Speaker 1 (00:01):
Setting the news agenda and digging into the issues.

Speaker 2 (00:04):
The Mic Hosking breakfast with Bailey's real Estate, your local
experts across residential, commercial.

Speaker 1 (00:10):
And rural news talks head.

Speaker 3 (00:11):
Be well, you're cooking to our carn money coming into
the country. Capital of ideas got floated over the weekend.
The price about groceries is no longer going up? Can
you believe that gun crime is going up? So we'll
talk to the coppers. We've got to burn mowing debate
in hot of Fenowa are the lads and the commentary bocks,
after which Darnald' steep price. They do the international honors
today as well. I still welcome to the brand new

(00:32):
week seven past six. Sounds good on paper or indeed
in front of you fans, but we need more detail,
don't we, on the so called future Fund than the
one hundred billion it will raise and the tax and
centivization that will be needed to get the money in
here in the first place. It's the new New Zealand
First policy. They celebrated their thirty first get together over
the weekend. As I'm sure you're well aware, Peter's got
a reasonable amount of coverage. Didn't have too much of

(00:54):
the old days about it where the television cameras wander
around looking for weirdo's to say funny things. Think about
the government as it tends to give you an element
of credibility, and I think that's what we're seeing. In fact,
you could argue after thirty one odd years, New Zealand
First is having its best days ever. I mean, yes,
they've been in power numerous times, but so far touch
Wood this time seems actually to be going smoothly. We've

(01:14):
had nothing of the previous friction. It is indeed early days.
Of course, that's currently helped by the fact that government
is traveling well and are solid in the polls and
looks set to hold on for a good crack at
another term. Indeed, the so called green shoots we're seeing
at the moment might well turn into a period next
year or into twenty twenty six of decent growth and
whether it will come the election year optimism that will

(01:35):
see your return for another three years. Peter's previously and
most certainly this time, is proving to be an outstanding
foreign minister as well and helped in those small part.
But the fact the previous one was historically useless but
this future fund he talks of, this is a key ingredient,
the ability for foreign investors to truly be part of
the country. And to do that you need to be
able to buy a house. They can't buy a house

(01:57):
because of New Zealand First's policy that doesn't allow it,
which seems dichotomus does it not national compromise. You might
remember in coalition talks carved out foreign houses as those
over two million bucks still not good enough for New
Zealand First. So it's a failed idea, probably the biggest
mistake actually National made giving it away. You need foreigners
that partners need in debated these days. We need them

(02:18):
for labor as well as money, as well as culture
as well as population growth. To help that, they need
to feel like this is a place they can call home.
The easiest way to achieve that is to allow them
to set up shop in a house unconvinced. The policy
will eventually be tipped over, but until it is, you
can talk about future funds all you want. You can
talk about foreign investment all you want, but the door

(02:38):
has to be open, not partially open, not open with caveats.
We aren't a big enough deal globally to be forcing
such a large compromise.

Speaker 1 (02:47):
Why news of the world in ninety seconds.

Speaker 3 (02:51):
But going on north of the border of humistic. Yesterday
Scotland's First Minister, Alex Samon died.

Speaker 4 (02:55):
Respect for democratic legitimate democratic.

Speaker 1 (03:00):
Inspiracials leads to good outcomes.

Speaker 4 (03:04):
Disrespecting it in one way or another and offering surprisingly
can lead to bad outcomes for everyone.

Speaker 3 (03:11):
Well, shortly after that he collapsed, there were mixed views
on the street.

Speaker 1 (03:15):
He did a lot for Scotland. He was a scot
through and through.

Speaker 5 (03:18):
He was a very good politician, yes, very clever, but
no man.

Speaker 6 (03:22):
No, I didn't agree with his politics at all.

Speaker 1 (03:25):
He obviously lived for it, he had a passion for it.

Speaker 3 (03:27):
Also, I'm Scotland growing angst with London, with the Lib
of Government's upcoming budget and who Swiny will or will
not deal with.

Speaker 7 (03:33):
They'll obviously be officials and invoys and official and they
can engage with my officials. But for my part as
first instead of Scotland, I'll be dealing directly with the
Prime Minister and.

Speaker 3 (03:44):
Part of the youngstersiety. The idea of the government might
be looking at a rising employer insurance.

Speaker 8 (03:48):
It was specifically in the manifesto a reference to employee
ease and to income tax and the whole range of
commitments including by the way, we also had equipment on
corporation tax. So there's a lot already in the manifesto,
but you have to wait for the detail of a budget.

Speaker 3 (04:02):
Space News Elon had a busy weekend as robo taxi
thing went down like a cup of cold sick. But
as rocket landed brilliantly on its fifth test trial.

Speaker 1 (04:13):
It using jack.

Speaker 3 (04:19):
Not really insane, quite cooler. Have you haven't seen the video?

Speaker 6 (04:22):
Look it up.

Speaker 3 (04:23):
Then we can't forget about the warnett Yah who's still
not for turning. He's telling the un now to get
their peacekeepers out of the way.

Speaker 7 (04:28):
Mister Secretary General, get the uniform forces out of homes way.

Speaker 1 (04:32):
It should be run right now, immediately.

Speaker 3 (04:35):
Finally, Crocs for Dogs. You heard it right. Crocs have
teamed up with bark Barker, a business to create pet
plots crops. It's a fan inspired product and as part
of Croctober. Between twenty thirteen and twenty twenty one, Americans
Americans alone, the spending on their pets increase seventy eight percent.
What sort of number is that well. Total expenditure on
pets last year was two hundred and forty billion dollars.

(04:59):
The and pet crocs are one of the most highly
requested products in brand history. And you got to keep
the customer satisfycent and let us use the world in
ninety seconds.

Speaker 9 (05:06):
Yes.

Speaker 3 (05:07):
Alex Simon, sadly, at just sixty nine, helped the devolved
Scottish government for seven years from two thousand and seven,
boosted support for Scottish independence. Got nowhere in the end,
of course, then the twenty fourteen referendum was fifty five
forty five. He collapsed after giving this particular speech. He
oversaw the transformation of the SMP from a just basically
nothing into a can we call them? Could we call

(05:28):
the SMP a powerhouse? I suppose we could. First Minister
from twenty seven to twenty fourteen he got into real
trouble though for sexual assault. There was one charge of
attempted rape. He was cleared of all those charges in
twenty twenty. By twenty one he established a party called Elba,
after the Scottish Gaelic name for Scotland. It had no

(05:49):
electoral success at all. He also caught it a little
bit of controversy. He took up a job as a
political talk show host on RT, which you can't get
in this country anymore, because well, Russia rolled into the
wrong part of the world, didn't they.

Speaker 2 (06:03):
Twelve past six, the Make Asking Breakfast Full Show podcast.

Speaker 1 (06:08):
On Aheart radio powered by News Talks AB.

Speaker 3 (06:12):
From our Central Bank watched South Korea's Central Bank twenty
five basis points. They're down for a cash rate of
three point twenty five. That's the first rate cut for
that particular part of the world. Fifteen past six we
having funds management Gret Smith morning to you. Where is
the old Dow Jones and the S and P five
hundred stop ah, I'll tell you.

Speaker 1 (06:32):
What record highs.

Speaker 10 (06:32):
That's where they are currently. So yeah, great session on Friday,
I think was the fifth winning week as well for
both the decease. So yeah, it was a great start
at the earning season where JP Morgan Chase O the
biggest bank in the US and indeed in the world
in terms of market cap. These years are up over
four percent been in expected numbers. Profit that fell two
percent for from the year the top point nine billion,

(06:53):
but revenues they climbed six percent. Forty three point three billion,
the benefit from a rising interest rate and record need
income figures when you look at since the feed side
rate hiking rates in twenty twenty two, an investment banking
division the Phesius or thirty one percent, and also you know,
raised the full year guidance from their interest income as

(07:14):
well to ninety two point five billion. He also had
really good numbers from Wells Fargo as well. They are
a big bank in the US. Revenues there twenty point
four billion for the quarter. Needn't connect foul eleven percent,
but than eastermind, So yeah, both I suppose the results
in big banks you really sort of provide conference around
the economy and you know alsoe how they're going to
do in terms of as the feed producers rate. So

(07:34):
the other bit of good news was Mike was corn
expected a wholesale producer price numbers as well, so they
are unchanged in September Belowy submits for a point one
percent gain services It was that point two percent, but
good scale point two percent. So in your whole self
inflation that's running around one point eight percent. So it
also comes a day at to consumer price. Next with

(07:56):
September rose slightly more unexpected. So it looks like again
have a rate cap by the feed mic just after election.
But yet it might not be a jumber one, probably
a cord point cup.

Speaker 3 (08:06):
No, they got themselves of soft landing, I think. So
the rocket's okay, but the old Robotaxi not the flashest
IDEA has ever had.

Speaker 10 (08:13):
Yeah, that's right. So, yeah, the event they had on
Friday that disappointed, says she is. But Tiasa down nearly
nine percent. I was around sixty billion in value, so
it was a long awaited Robotaxi event. He unveiled a
cyber cab. It's a low silver two seeded model, no
steering with US or pedals, hopefully producing it before twenty
twenty seven. But yeah, a bit light on details, so

(08:34):
he said, consumers, I'll be able to buy one for
under thirty thousand US dollars. He doesn't expect to have
full self driving or unsupervised up and running in Texas
and California next years. And the model three model why
but you know, it's it's just light on details. So
obviously they've got the supervised version at the moment, but
the premium system won't be just a bit light on

(08:54):
details here, so technology still requires it a drive at
the will currently, actually sports fans as well as sports teams,
they've got something to look forward to. The cyber cab
was one thing, but then there's also the electric robo
van that can carry up to twenty people. He says,
all solve for high density transporting. Look, he tweet them
before the event that everything's going to be for the
autonomous within fifty years, so it's a case of how

(09:15):
we get there. Urns car parks aren't going to be
needed anymore. But there was just a bit of disappointment
around there also a bit of disappointment. Didn't talk much
about AI and where there's going to be a partnership
with his EXAI business and ordmately just looks like we're
not going to have his fleet of self driving cars
on public roads anytime soon. So at thirty grand a pop,
it was bad news for Tears. The good news Ruber though,

(09:35):
those shars up eleven percent to a record high, so
less threats to lights of them and also maybe they're
better position to roll out or timous vehicle Swift and
Patsch with other companies.

Speaker 3 (09:45):
Okay, give us a quick one. Depressing this brain drain
shows no signs of leading up, does it.

Speaker 11 (09:51):
Yeah, that's right.

Speaker 10 (09:51):
So the migration boom pairs to be peeding around. So
look at the net migration game and need. August twenty
twenty four was fifty three eight hundred down on sixty
seven two hundred July, less than half of the one
two seven seven hundred in August twenty twenty three. So
we've got, as you say, the brain drain continues, a
net loss of fifty six thousand, one hundred Kiwis. We've
got twenty five thousand returning but eighty one two hundred departing.

(10:14):
Long term, the migrants that are coming are actually staying,
not as long as they were as well. Look the
long term average for August years from a net migration
gain is twenty eight two hundreds. Was still clearly above that,
but the boom is disappearing. You look at on the
August numbers as well, just for the month, thirty eight
percent decrease of migrant arrivals, forty three percent increase in
migrant departures. We've got Keiwis still leaving in droves. We've

(10:35):
got non New Zealanders not coming as much as they
were I think we talked about this last week. You know,
what's the attraction the economies in the die place, particularly
compared to alternatives as least jobs around you know, unemployments
rise and it's not the jobs in hospital retail that
there were in this year. The grain population has been
a bit of a tail went to the economy that
is fading. So look, we need more than just lowering
straits preps. Might we need a bit of an incentive

(10:56):
for people to stay, particularly a kiwiks So slightly bittering.
We did see the visit arrivals they picked up. They
were twenty one turn forteen thousand, three hundred in August.
That was an increase of seven and a half thousand
from August twenty twenty three, underpinned by numbers from Ossie
numbers around about eighty five percent a preak over level.
So I guess we could say, Mike, the number of
people here for a good time, but not a long
time at least appears to be looking a bit better.

Speaker 9 (11:18):
Numbers please, Yeah, So record highest for the doubt it
was at fourty nine points forty two eight six three
isn't p five and up point six percent five eight
one five NARS deck cup point.

Speaker 10 (11:28):
Three percent, eighteen three four to two forty one hundred,
Zo point two percent, NIK two two five point six
percent in Japan A six two hundred down more point
one percent. Across the Tasman Index fifty, we're up one
point eight percent for the week, up point seven percent
on Friday twelve eight four five, gold up twenty six
bucks two sixty five six and ounce oil down thirty
six cent seventy five spot six. Good news were so

(11:49):
of those traveling abroad. The look at the currency against
the US was sixty one point one able on ninety
point five stealing forty six point eight and Euro fifty
five point nine.

Speaker 3 (11:58):
All those numbers are up.

Speaker 10 (12:00):
And if you look at this week, we've got this
week as a busy week, they might We've got China data,
we've got ukn flation, easy B rate decision, US retail sales,
we've got plenty of more results in America. We've got
three more big banks, we've got three big health Q names.
We've got Netflix, we've got Amex and bring it Home locally,
agms from lots of different companies, Meridian, Genesis Airport, and
we've got some cards spending data another Deory auction and

(12:21):
those long awaited September quarter inflation numbers. In Flation should
be running all less than three percent.

Speaker 3 (12:27):
Stand by, We'll catch up next week. Appreciate it. Greg Smith,
Devon Funds Management.

Speaker 1 (12:31):
Pascal Manufacturing.

Speaker 3 (12:32):
It's up, but still at forty six point ninety need
at fifty plus, but I'm trying to give you everything
I can. Positively speaking, it's up zero point eight's and manufacturing,
which has been in the doldrooms forever nineteen consecutive months,
might be showing some lights.

Speaker 2 (12:46):
Six twenty two, The Vike Hosking Breakfast Full Show podcast
on iHeartRadio powered by News Talks.

Speaker 3 (12:56):
I'd be I've got some good forestry news. In a
couple of moments, Mike, I was at Winston's speech, and
yes there was no mention of his block on foreign
investment and new house builds which Australia does allow. Rather
hypocritical given his announcement. I tend to agree, but he's
with us in a bit over in our six twenty.

Speaker 2 (13:10):
Five Trending now with Squarehouse the Real House of Frequency.

Speaker 3 (13:16):
NBA preseason Chris Miles, former coach and color commentator Sam
Mitchell the calling a game Warriors Kings. They're discussing the
fact that Steve Kerr didn't get a gold medal when
he coached the US Olympic team because coaches don't get medals.
Sam Mitchell says, the sport clearly doesn't value coaches enough.

Speaker 6 (13:31):
I'm surprised coaches get a paycheck for this show. You know,
I think, like, maybe you should do this pro bono,
my friend.

Speaker 7 (13:36):
You know, the last time I looked at my check,
it's pretty close.

Speaker 1 (13:39):
So hey, I'm taking donations. Why don't you come up
off some of that money you got? Since you're over
there bragging about it, I'm not bragging about I mean, yeah, oh,
I'm sorry.

Speaker 7 (13:48):
Did you rent your beach house house down in Florida
doing a hurricane?

Speaker 1 (13:51):
Do I need to go?

Speaker 12 (13:52):
Well?

Speaker 7 (13:52):
How about your townelhousehold over Bucket?

Speaker 13 (13:55):
Hey, it was goldwy say you want to call me?

Speaker 7 (13:58):
I'll I mean, come on, I think we're even broken hungry.

Speaker 1 (14:02):
Let's just see it.

Speaker 7 (14:03):
You know, I know I know what you have and
where you live, young fellows, so.

Speaker 14 (14:05):
You need to I think we have snitches on this
show today.

Speaker 6 (14:09):
We have Mitchell.

Speaker 7 (14:12):
Do I need to keep going on further more and more?
Do I need to give out that dress because you're
not at hole right now.

Speaker 15 (14:17):
Now.

Speaker 3 (14:18):
If you thought that was a Jackie Mitchell might come
down wrong.

Speaker 16 (14:20):
For you're as rich in history of championships and now
only a North Point Drive, san destined Florida.

Speaker 1 (14:29):
Huh't yet, I think that's your house.

Speaker 7 (14:32):
You that's your house, Pristal, Oh, that's sure riddle property.

Speaker 1 (14:37):
How oh there we go?

Speaker 6 (14:39):
All right, warriors too.

Speaker 3 (14:42):
Fast, fans of calling for Mitchell will be sex So
we'll stand by to see whether that happens.

Speaker 1 (14:48):
Now.

Speaker 3 (14:49):
Food the claim this morning is and we'll get into
a scrap about this, of course, because we always do,
the claimers that food is no longer going up in
price at all, and and there might be a GST
problem and there it comes in Australia. Anyway, more on
that in the moment you're.

Speaker 2 (15:06):
Trusted home the news, Sport, Entertainments, Anon and Fighting, a
my Hosking, Breakfast with a Vita, retirement, Communities, Life your Way, News,
togs Head B's.

Speaker 3 (15:17):
Reading over the weekend. Are very pleased to be able
to say one hundred and twenty dollars a cube. It's
a glass ceiling apparently in the forestry world, for the
first time in seven months with through That depends on
where you apparently are doing business and what port you're
doing business around the country, but the point being in
forestry the prices are looking up, which is good. The
article I read, though, did give you an insight into

(15:37):
the Chinese stimulation that's going on at the moment. According
to Deutsche Bank, the package currently out of China is
worth so far a trillion US dollars or six percent
of GDP, so it's not like they're not throwing money
at it. Twenty three minutes away from seven back to
the campaign trail and the stage and Richard Arnold for

(15:57):
you shortly meantime, here got some new numbers around the
cost of your groceries year on year. Here's the claim.
Year on year inflation for comparable products has remained flat
zero percent. So if there's a mismatch, the argument is
then we you know, when we make international comparisons. The
fingers being pointed at GST. For example, in Australia they
have some GST food free food. We don't hear foodstuffs.
New Zealand managing director Chris Quinn is with us. Chris,

(16:19):
very good morning to you. This ongoing thing that I
think is a media thing that we go, oh look,
I can buy some oranges in London so much cheaper.
Is there any point in that given their different markets,
different products, different times, different currencies, et cetera.

Speaker 17 (16:35):
I think that's an important discussion because there's so many
differences of what makes up the cost of food. You know, basically,
in New Zealand, a dollar of retail on shelfs about
two thirds the cost of the product from suppliers about
thirteen cents GST. And then the rest is the cost
for us to run our business and pay thirty nine
thousand people across the country. So it's important when comparisons

(16:55):
are made that factors like the fact that New Zealand
has a very simple tax system where gest is charged
on everything. That means it's a low cost system to
make work, and that you have to take it in
context of overall tax all matters when you try to
compare food price.

Speaker 3 (17:10):
Yeah, difficult with that is that people don't here's the
first text, Mike. I'm astonished that it's noted that food
is not going up. In Woolworths alone, I've seen increases
of fifty cents to a dollar in a lot of
items I regularly buy in the last two weeks. That's
what people see, isn't it what was in their basket,
not an average basket.

Speaker 17 (17:26):
That is correct, and that's why the comparison that we
do that saw us have a result in September of
zero percent compared to zero September a year ago, is
based on the FDI basket, the Food Price Inflation basket
from the Department of SATs and we follow their basket
because it's the one they publish. So for New Zealand
overall that was one point two for food stuffs, that

(17:48):
was a zero month and for the cost of those
goods to us up about three percent in the month.

Speaker 3 (17:53):
Ah, so that brings in the supplies. Before I say
something about the supply, So you look at olive oil,
for example, it's up fifty eight that's that's I mean,
there's a lot of stuff that needs to go down
to offset something that's gone up fifty eight percent. That's fair,
isn't it.

Speaker 12 (18:07):
That's right.

Speaker 17 (18:08):
And also you've got to weight the volume somehow to
a basket so that you get effect on what does
it cost me to go shopping, which is what New
Zealand households care about.

Speaker 3 (18:16):
Which is the really interesting thing since we've last had
you on the program, the Comcom's rule, But we've also
got the supply situation. Is the supply situation broadly under
control now?

Speaker 17 (18:29):
In terms of supply, yes, it is. So we're getting
good supply and we're able to get shelves are full
and looking a lot better than they might have a
year and a half or two years ago. What about
price in terms of in terms of supply costs, they
are continuing. You know, we're still getting three thousand or
so price increases a month, but they are more like
two to three percent than some of the numbers we've

(18:50):
seen over the last year or two. So we think this,
you know, the feeling that it's going to settle somewhere
around a two in terms of price trend is stronger
and stronger.

Speaker 3 (19:01):
Okay, how many of these so, how many of those
increases that you talk of are because they say, oh, well,
it's the red sea, I can't do anything about it,
as opposed to the person going, I just feel like
charging more.

Speaker 17 (19:12):
Look, there is a lot of pressure on cost globally.
So you mentioned you know, olive oil is one that's
up nearly three times in the last couple of years.
You know, coco that goes into chocolate. Those sort of
things definitely have been under global price pressures, the global
events and all of the things that make that up.

Speaker 3 (19:29):
Okay, and then we come to the merger. It's off,
what are you going to do?

Speaker 17 (19:34):
Look, that was one of our best plans in terms
of how we further reduce cost and reduce food price.
There was huge benefit in the removal of duplication in
that proposal. We don't know the reasons yet why the
Commerce Commission have declined it. We don't get that till
the twenty third of October. We'll review that properly and
based on what we see there, will de side on

(19:54):
a next step and whether we feel there are reasons
there why we failed the legal test or if there isn't,
then we have the option to appeal.

Speaker 3 (20:01):
All right, we'll talk about it soon. I'm sure Chris
preciate it. Chris Quinn, who's the Foodstaff's New Zealand managing director.
Eighteen and it's away from seven off tasking full time
forty seven apiece. Increasingly it's not just swing state talk.
It's a swing state and the swing state. It's Pennsylvania.
Poll out this morning. It's worth nineteen electoral college votes,
poll out this morning in forty seven each other poll

(20:23):
out over the weekend, which was interesting New York Times
seeing a college poll. Seventy four percent of black voters
aregain to vote for Harris, and you go, well, that
sounds like a good number.

Speaker 1 (20:31):
It's not.

Speaker 3 (20:32):
Because Biden got ninety. The gap between ninety and seventy
four is large enough for the Democrats to become increasingly
worried she will lose the election because of it. Eighteen
to two.

Speaker 2 (20:45):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio, coward
By News Talks.

Speaker 3 (20:50):
AP Morning Mike Love You Show, just back from Australia
went to an Italian restaurant owners said their homeland have
had their worst ever harvest of olives, hence the high price.
It's Italy and it's Spain. It's so grouse, of course,
so you one hundred percent right, so olive oil through
the roof. But then again, these are the status numbers
that came out on Friday for food, fresh fruit and vegetables,
and nobody texts about this when they're up eight point
three percent everyone's going. Have you seen the price of

(21:11):
fruit and vegetables when they're down eight point three percent,
which is what they are, Fresh fruit and vegetables are
down on average eight point three percent. You've never had
a cheaper onion dollars sixty eight on average. Haven't been
that chip since twenty twelve. So get amongst six forty
five international correspondence with ends and Eye Insurance Peace of
mind for New Zealand Business Stage Sibers Monday morning, Richard Arnold,

(21:33):
how are you doing well?

Speaker 12 (21:34):
Heny?

Speaker 3 (21:35):
SpaceX looks good. It's a good video.

Speaker 18 (21:37):
This was amazing, even in this modern age of spaceships
and rocketry. SpaceX, of course, Elon Musk's company managed to
recapture its huge Starship rocket booster during an unmanned test
flight this morning, something that has never been done before.
It was kind of hard to believe what was going on.
They launched the starship from their They launched site on
the Texas Gulf coast, and three minutes and forty seconds

(21:59):
after left off, the booster fell away, then flipped around
and headed back to Earth. This is equipment about twenty
three stories high one hundred and twenty one meters and
it was sent into this re entry. Meanwhile, the upper
stage looped around the planet, been made a control splashed
down in the water. It came through intense heat of
reentry near least three thousand degrees in pretty good condition,

(22:20):
they're saying, protected by some newly improved heat shield tiles
because they had some problems last go. But that wasn't
the main show. The main focus was this super heavy
rocket booster that was headed back towards the launch pad itself.
The idea was to try to catch this thing using
giant mechanical pincer arms that were attached to the launch

(22:41):
tower itself. They're calling these things chopsticks. So this gargantuan
booster headed towards the ground of wabbling a bit and
seeming like it might be off course at moments. Then
some rocket jets were fired and it settled right in
between these huge mechanical arms. And this was the moment.

Speaker 1 (23:02):
Macabella had pa well.

Speaker 18 (23:03):
You can hardly hear the controllers with all the cheering
that's going on here.

Speaker 9 (23:11):
Absolute we have successfully lag seem happy, sir, back.

Speaker 1 (23:20):
A lunch you want trying to go.

Speaker 18 (23:27):
Oh well, it didn't come down once the booster was
locked in there.

Speaker 1 (23:35):
Yeah, Sin, we are.

Speaker 14 (23:41):
Steadying loud on the books.

Speaker 1 (23:44):
This is a dang for the engineering history books.

Speaker 14 (23:48):
I am, I am like shaking.

Speaker 18 (23:50):
So the implications of this clear. It's moved towards reusability,
as they call it, rapid reusability and more because this
is the most powerful rocket ever produced, twice the liftoff
thrust of the Apollo Erasatin fives, and both stages are
meant to be reusable. That is, not only to cut
the cost, but also to open up the possibility since
the idea is that the starship could touch down at

(24:11):
landing sites on Earth and beyond. So the thinking is
they could use the system to power their way to
and at Mars.

Speaker 3 (24:17):
Yeah, seems to do rockets better than he does cars anyway.
Another rally, another gun.

Speaker 18 (24:23):
Yeah, just over three weeks to election day, as you've
been saying, and Trump has been out west holding a
rally in California, this time because no chance of winning
in California. But this was a dig at Harris and
a money raising stop as he appeared at a ranch
in Coachilla where a Las Vegas man has been arrested
carrying a shotgun and a loaded handgun and a high
capacity magazine. This bok was forty nine. We don't have

(24:46):
a lot of detail about him as yet, but this follows,
of course, the two assassination bids on Trump. There was
some heckling at the Trump rally, and Trump sought to
ridicule one female heckler with an apparent call to violence himself.
He said, this, mummy, she.

Speaker 15 (25:02):
Is that you darning?

Speaker 19 (25:03):
And did she? Yes?

Speaker 18 (25:04):
Her father and mother would knock the hell out of her,
suggests Trump. There for the rest of it, it was
California bashing and various Kamala Harris jibs along the way,
said Trump.

Speaker 19 (25:15):
He supported an army of illegal alien gang members and
migrant criminals from the dungeons.

Speaker 2 (25:21):
Of the third world.

Speaker 19 (25:22):
They come from the dungeons of the third world. Anyone
who orchestrated an invasion of America cannot lead America. Kamala Harris,
her reign of terror ends the day I take office
is finished.

Speaker 18 (25:36):
So what is it the invasion from the dungeons of
Hell in a Kamala Harris reign of terror?

Speaker 3 (25:41):
Yeah, three weeks ago, folks.

Speaker 18 (25:42):
Harris meantime, has put out her medical records showing she
is healthy and challenging the seventy eight year old Trump
for keeping all of his medical stuff locked away. While
on that point you mentioned the slip in the polls
and Harris's support among some African American males former President
Barack Obama, who's addressing some of that.

Speaker 2 (26:00):
Thinking about now or even supporting someone who has a history.

Speaker 18 (26:09):
So latest polls, we've seen all the polling for months
showing this races neck and neck with battleground states, all
within the margins of era. Latest from NBC shows that
Harris has lost her five point advantage in overall popularity
since the Harris Trump debate. Now as you indicate a
dead heat, so a US country divide, she's a race.

Speaker 3 (26:29):
See Wednesday, Richard Donold state side for you. Speaking of Trump.
By the way, I read a review over the weekend
on The Apprentice got three stars as the Australian media
impersonating Donald Trump as a losing proposition. But Sebastians stand
nails that this is the program. This is the movie
that we featured on the program last week. Looks okay.
Trailer looks okay to me. It's out now if you
want to go see it. Night Away from seven.

Speaker 2 (26:49):
The mist breakfast with Veeta, Retirement, Communities news, tops.

Speaker 3 (26:53):
Edb plain news. Airbus challenging but not impossible. That's their
delibery target. September. It fell from from fifty five to fifty.
They've still got supply chain issues, they've still got production challenges,
reduced annual delivery, blah blah blah. So getting a plane
made is hard work these days. Then you come to Boeing.
No one's doing it worse than Boeing at the moment.

(27:15):
So they've got people on strike. They offered them thirty percent.
We've been following the story for the last couple of weeks.
They offered them thirty percent. They announced over the weekend.
By the way, they're delaying the launch of the Triple
seven X, which is the wide body, until twenty twenty six.
They've got a strike on which is a month old.
The Triple seven X is already sixty years behind, so

(27:37):
it's a mess anyway. So the union turned down thirty percent.
So over the weekend Boeing said, well, we're going to
lay seventeen thousand people off. So you turn down thirty percent,
you go on strike only to watch seventeen thousand of
your mates lose their job. What's the point in that?
And it's costing the strike five billion dollars in the

(27:59):
last month. Incredible, a five away from seven.

Speaker 1 (28:02):
Well, the ins and the outs, it's the fizz with
business favor.

Speaker 2 (28:06):
Take your business productivity to the next level.

Speaker 3 (28:09):
Thanks for you. Is it time to talk about Christmas world?

Speaker 1 (28:12):
Yes?

Speaker 3 (28:12):
And no so far this month aye October. Mariah Carey
has said it is too early to start playing Christmas songs,
and she's correct. But what about the shops and the
Christmas products came out in the warehouse. They've already got
the Christmas range countdown Woolworths. You're seeing the advent calendars
already now. According to brand tracking platform Tracksuit, we're a

(28:33):
bit split in terms of Christmas advertising. So what we
got is forty nine percent of us thinks I think
brands should hold out until at least November to launch
the Christmas ad. So let's call that virtually half the country.
Thirty six percent say Christmas in October or earlier is acceptable.
So forty nine to thirty six. I'd say it's a
wind to us because I'm on the forty nine anyway,

(28:55):
Most of the people are going to of those thirty
six of the early planners, because twenty two percent of
us say that we start thinking and planning for Christmas
six months in the bunch. Now, that's not the same
as seeing an advent calendar, seeing something on sale in
July and going, oh, yeah, dorisl like that. I just
might slip that aside. I did that last week. I
got a thing. I can't say because the person will

(29:15):
be listening and they'll go, oh, that's for me. But
I got a thing last week. I said, now, that
are the extra large box of more teasers.

Speaker 10 (29:21):
And I was it.

Speaker 3 (29:23):
But I got a thing last week. I thought, no,
that's a good gift.

Speaker 6 (29:25):
You see.

Speaker 3 (29:26):
So, but I don't want to see the advertising or
the songs. So you can be you can be sort
of across that spectrum. I'm across a number of spectrums.
That's not the first time you'll hear that. Oliver Hart,
which from the New Zealand Initiative. Shortly, what was Seymour
on about, what are we talking about when it comes
to foreign investment? What needs to change? What are these rules?
And then separate to that, what was Winston talking about

(29:48):
over the weekend. We're going to talk about both those
things after the news.

Speaker 1 (29:51):
Which is next.

Speaker 2 (29:54):
The newsmakers and the personalities the big names talk to,
like the asking breakfast.

Speaker 1 (30:01):
With the range rover, the law designed to intrigue and
use tog sad B.

Speaker 3 (30:05):
On seven past seven, So foreign investment talk. Over the
weekend Saturday, David Seymour an Act announced reform that will
make it easier for foreigners to buy local companies and
properties than yesterday. New Zealand first announced the Future Investment
Fund idea that they will take to the next election
in twenty twenty six.

Speaker 12 (30:19):
Now.

Speaker 3 (30:19):
The New Zealand Initiatives executive Director Oliver Hart, which with
us on all of this, Oliber morning to you, Good morning, wife,
Seymour said over the weekend we're thirty eight out of
thirty eight with reputation. We sort of thumb our nose
to the world.

Speaker 1 (30:31):
Is he right?

Speaker 20 (30:33):
Oh, he's absolutely right. And we've known this for many years.
New Zealand has always been one of the hardest places
for international investors to come and invest, and we've been
ranked in these rankings really at the bottom really for
decades and that's why that part of globalization has always
bypassed New Zealand. Actually, the share of FDI in our
GDPs law than it used to be twenty five years ago,

(30:54):
whereas most other countries have advanced. Or David Seymour's absolutely
spot on.

Speaker 3 (30:58):
What's our problem where wes in a.

Speaker 20 (31:02):
Not necessarily zonophobic, but we just don't like foreign capital.
We just make it way too hard for foreign capital
to come to New Zealand and be deployed here. We
check them, we put them through a massive bureaucratic process.
And you know what, New Zealand's a nice to have
for these international investors. They look at or bureaucracy and say, actually,
is it really worth playing in New Zealand or should
we just go somewhere else? And then they typically look

(31:23):
at that and invest elsewhere.

Speaker 3 (31:24):
Have we got two completely different things over the week
in one from Seymour two from Peter's or are they
sorted the same thing?

Speaker 20 (31:31):
Well, they are related. I mean the significance about Peter's investment,
especially in the context of Seymour's, is that New Zealand
first for a long time was one of the road
blocks to reforms. They didn't want to reform the obseas
investment at Seymour now says we have cabinet approval. That
means New Zealand verst is in. And then just top
it up when St Peter's announced that actually they would
like to go at one step further and even have

(31:53):
a future fund based on international investment. So that's a
very clear signal that New Zealand First has changed their
minds and so can only be good news.

Speaker 3 (32:01):
Can New Zealand First change their mind on that while
still blocking foreigners buying houses.

Speaker 20 (32:07):
Actually none of the investments are about houses. This is
really about business investment and both Winston Peters and David
Seymour have made it clear that they want to get
capital into the economy with the goal of making us
more productive. That's not about houses at the moment. It's
really about genuine business investment to lift our productivity here.

Speaker 3 (32:24):
Well, if you're an equity fund, sure and hundreds of
millions of dollars, I get that. But what if you're
in a business investment man who wants to bring in
thirty forty million dollars into the country, and you like
New Zealand you think, actually it wouldn't mind buying a
house and you can't.

Speaker 20 (32:37):
That of course is an inconsistency. And actually we've said
that before the last selection, when those plans were discussed,
I think actually we cannot do the two things together.
We should actually say we make it easy for you
to come and invest in a business, and by the way,
of course, we also make it easy for you to
buy a house. I would even go a step further.
I would say, and then we make it easy for
you to get visa for your staff. And we actually
roll out the red carpet to make it all happen,

(32:58):
because it has to be a packet. If you go
to the most successful countries in the world when it
comes to foreign acted investment, like Ireland, like Singapore, that's
exactly what they do with There are dedicated agencies making
it at easy as possible for these international investors to come.

Speaker 3 (33:13):
Always enjoy your company, Oliver, appreciate. Oliver heartwhich out of
New Zealand Initiative Winston Peters in about half an hour's
time ten minutes past seven, tasking for all the positive
news we've had about crime and statistics lately. A little
bit of a setback for Auckland anyway, eight hundred and
seventy nine gun related events is this year. Only two
percent of those involved legal weapons. The rest were illegal
and not just illegal weapons, but gun crime generally is up.

(33:35):
The Assistant Commission of four Auckland, Sam hoyles with us
on this same morning, Mike, are things going wrong?

Speaker 21 (33:44):
No, Look, any gun violence in our communities are acceptable.

Speaker 14 (33:48):
And look, these.

Speaker 21 (33:50):
These crime states represent everything around gun offending, from bigultory
offenses that want into really serious stuff at the other
any increases of bad things. Some of it is a
product of our effort. We've all seen the pictures at
the end of a termination of a job on gangs
or organized crime members and the stacks of guns, money,
and mess. The more that we do, the more guns

(34:12):
we're going to find. So it's a mixture of what's
going on in the environments, the mixture of very in
this space as well against organized crime.

Speaker 3 (34:19):
Okay, is it all gangs or virtually all gangs?

Speaker 21 (34:23):
A lot of it is, but it's not all gangs,
as it covers the whole game, but from teenagers playing
with imitation weapons or esoft weapons through to the really
high end stuff. So we're seeing it right across the spectrum.

Speaker 3 (34:35):
Okay, does this have anything or will it have anything
to do with the gun reform and the debate we're
having in this country at the moment. Do you have
fears around any of that that it's going to get
worse or better or it's not going to make any difference.

Speaker 21 (34:49):
Look, we're being clear with this government in previous governments
that we think the France industry is important. It's been
implemented now that helps us crack the life of these guns.
So when we find them at gang pads, we know
we will know in the future who last and awfully
hell of that weapon, where it should be, which the

(35:10):
imported at the life of that weapon in New Zealand.
That helps us with series and patterns and understands how
they're sourcing these weapons.

Speaker 3 (35:17):
All right, so appreciate your insite. Sam Hoyle, who's the
Police Assistant Commissioner for Auckland. Twelve minutes past seven MOSC
Elbows and Trouble poll out this morning. We'll talk to
Steve about it later. News poll for the Australian fifty
one forty nine and he doesn't have the fifty one
so that's the first time the two party preferred has
gone against him since the election, so he's in real trouble.
That's before you get to starm a new Pole on

(35:39):
him this morning. He's so far under water you need
a submersible to go see the number minus thirty eight.
When we left Friday it was minus thirty five. New
Pole has him at minus thirty eight if you missed Friday. Also,
there was a local poll out the Carrier Pole which
has got National on thirty five, which is down a bit.
Labour is up a bit on thirty, So thirty five
plays thirty. The Greens unmoved act up a bit to

(36:03):
almost ten. New Zealand first up a bit. By the
time you've got to act up a bit in New Zealand,
first up a bit, it sort of offsets the fact
that National it down a bit outside their claiming. And
this is where I'm highly skeptical of a lot of
these poles outside of Parliament. Top who exactly is suddenly
on two and a half percent? Now where did that
come from? Thirteen past.

Speaker 2 (36:25):
The like, asking Breakfast Fall Show podcast on iHeartRadio, Howard
by News Talk said, b.

Speaker 3 (36:31):
I think lux has got the best attitude to poles generally,
which is he doesn't care and as long as he
keeps saying that and getting on with the job, he
will be better off. Morning Mike Oliver Hart, which is
in New Zealand initiative. A smart people always worth watching
what they have to say. Jonathan couldn't agree with you more.
Sixteen minutes past seven right. A little bit of controversy
around this year's cruise season. A couple of issues. One,
port calls are expected to be down twenty percent. Two
the levees are eating these Newish levees or more levees

(36:54):
are eating into the company's bottom lines. To the tune
this season of about three million diamond Princess floated into
Wellington yesterday. If you want to have a lookout and
christ heading that way today. New Zealand Cruise Association boss
Jackie Lloyd's with us. Jackie Morning, Good morning. Why are
we twenty percent down?

Speaker 5 (37:10):
Mainly increase cost to operate. So what we've seen over
the last year is increases and port fees, increases in
government levies, increases in regulation. But also we need to
throw across the top of that geopolitical concern. So at
the moment the Red Sea, no ships can access through
that way. So it's a very long and expensive way

(37:31):
to get to New Zealand at the moment.

Speaker 3 (37:32):
Okay, So tourism's mid at eighty five percent generally of
what it was pre COVID is what you've just explained
why cruising's down or is cruising suffering the same issues
tourism broadly suffering.

Speaker 5 (37:46):
Our issues are mainly the ones I'm talking about globally
cruises growing a great gumps and unfortunately New Zealand is
the only region globally that's actually seen the reduction. So
we're expecting about a twenty percent reduction in port cause
and passenger numbers this year.

Speaker 3 (38:00):
Are our fuse out of line with the rest of
the world in some way, shape or form.

Speaker 5 (38:05):
We talking to croiselines and I was just speaking to
a handful of them last last month. They have said
New Zealand has always been expensive, but this season we
are the most expensive region in the world that they're visiting.
And that is concerning because you're looking at an industry
that of course is you know, looking at their bottom
lines and making decisions on where they deployed due to costs,

(38:27):
and that deployment decisions are being made to go elsewhere.

Speaker 3 (38:30):
And who are these people putting these foots on and
what's their justification?

Speaker 5 (38:35):
A lot of it's costs recovery. So particularly after COVID
obviously we know the border was shut and we did
have a reduction in arrivals and a lot of people
doing jobs that our guests need to look to recover
those costs in future. So it's increased costs around the ports.
We've seen an increase in customs levies which starts on
the first of December. That's going up by about our

(38:57):
one hundred and thirty six percent, and it had additional
even dollars per person.

Speaker 3 (39:03):
Seeing this, I mean because I understand, like, if you're
the customs to partner, you go, oh yeah, let's sting
the cruise ships.

Speaker 6 (39:08):
They're all rich.

Speaker 3 (39:09):
But I mean, doesn't somebody at you, I don't know,
New Zealand Tourism go hold on here, this is going
to damage us.

Speaker 5 (39:14):
Look, I think it's more from a government levee. If
you level sorry, if you look at each individual costs
on their own, they make sense, but once you start
layering them together, it's actually quite a hefty chunk of change.
And I'd have to be honest too, it's not just
the cruise industry that's seeing this, it's the entire tourism industry.
You look at the increase in their international visitor levy increase,
and these are fees. They make sense to an extent,

(39:36):
but you pile them together, it becomes a very expensive
destination to visit.

Speaker 3 (39:41):
Good on you, Jackie, appreciate. Do we hand out the
bullet when we shoot ourselves on the foot? Do you
get that from the government as well or do you
have to bring your own gun for that particular exercise?
God Christal Blux and I'll talk to them about that tomorrow.
Speaking of which, tourism numbers as I alluded to and
will come in a moment to the business of the
immigration and that's a complete disaster. But we're seeing some
numbers from China up. We're seeing some numbers from Australia.

(40:04):
This is tourism up. But we're still stuck at eighty
five percent of what we were so for the year
at three point two to three million people coming to
the country year on year. The biggest change is China, Australia.
What can I tell that's about it? Really? Korea, Japan,
Taiwan's sort of up, but we're mired. We're stuck shooting

(40:24):
ourselves on the foot. And what's more, the people who
do come, we charge them more. How weird is that?
But anyway, it's not as bad as people leaving the country,
and there's a lot of those as well. So more
shortly seven to twenty, the.

Speaker 2 (40:34):
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twelve from about Health pasking ride seven twenty three. So yes,
more numbers, more records, and the wrong sort of records.
I'm afraid to tell your stats department and form us

(41:45):
that a record eighty one thousand, two hundred New Zealanders
left the country in the past year. That's like all
of Palmerston North just up and off the entire everyone
in Palmston North gone. Never before have we scarped in
such large groups. Here's my fear. As well as record
numbers leaving, smaller and smaller numbers are actually arriving. So
a several fold issue. I would have thought. Firstly, you

(42:07):
might expect post COVID a good number of locals to bail,
but it's years after COVID now and still they go,
and they go for reasons that are well understood. Currently.
Basically we're a bit crap and if you're young, there's
a big, wide world out there. In a lot of interesting,
potentially more upbeat places to be. Then you've got the arrivals.
Although immigration is good and we need it, a couple
of things are happening there. Firstly, too many of the

(42:28):
wrong people have arrived because we had our settings all wrong.
They came from comparatively few countries as well, ie China,
India and the Philippines. Then those numbers are now slowing dramatically,
which means as arrivals fall, those leaving stay at record levels,
net gains will eventually reach zero or worse go backwards.
So we're going backwards. This is bad economically and it's

(42:49):
bad reputationally. My great fear as overall the young people bailing. See,
I still love this country, and I love it because
I've been around long enough to have seen it when
it was hot, when it was a rocks, when it
was a magnet. But if you're young, and I look
at our kids, their perception of New Zealand has been
shaped by COVID lockdowns and rules and bands and economic carnage.
Ask any teacher about the behavior, the outlook, the attitude

(43:12):
of the lockdown generation. It breaks your heart. They have
never seen a booming New Zealand. So who can blame
them for getting out, who can blame the laid off,
for example, the mill worker from the middle of the
North Island for suddenly heading to Australia. Things, of course
will come right. There are signs already the turnaround is on.
But what you don't want in immigration as too many foreigners,
foreign as tipping the balance based on the fact that

(43:34):
the locals hate the place and got out. Immigration should
be about growth, not replacing those who have left husky quaking,
of which Portugal and here's an idea will never go
down this track, but they're having a crack. The government
is going to slash taxes for people thirty five and
under because you've got a lot of young people moving

(43:54):
because they're low paid, very low paid. In fact, the
average salary is under twenty euros and they pay twenty
six percent by way of a tax rate. So the
new plan will be if you're under thirty five, you
can earn up to twenty eight thousand euros and pay
nothing on that. So, in other words, they're going to
give that a crack. Meantime, the aforementioned Kia Starma in Britain.

(44:18):
Part of the reason he's underwater to the tune of
minus thirty eight is that and listen to this. This
is everything that's wrong. If you can look around the
world at the moment, there's a theme developing. Look at
the labor government in New Zealand useless got thrown out
of office. Look at the labor government in Australia, hopeless
being caned, and if they went to the election today
they would lose one term government. Look at Kio Starmer.
He only celebrated, if that's the word, one hundred days

(44:39):
on Saturday, and he's buggered the place already. You've never
seen a guy cock the place up faster than Kiyo Starmer.
He's given the train guards six hundred bucks a week
if if they work a five day week. This is
called an overtime deal. Normally they work four days a week.

(45:00):
And this was designed to stop staff going on strike
every Saturday this month, which they had threatened to do.
And typically if you work more than a four day week,
you paid time and a half for the Saturday. Plus
they got a nine and a half percent pay rise
as well. And you wonder why people are a bit
aggrieved at that stand by Winston Peter's moments away, the.

Speaker 2 (45:23):
Breakfast show you can trust the Mic Hosking Breakfast with
Bailey's Real Estate, your local experts across residential, commercial and
rural news togs had been Monday.

Speaker 3 (45:33):
One, in commentary by Chens said we'll go he held
after eight pay three minutes away from back to the
idea of more foreign investments into this country, particularly for infrastructure.
It's a policy New Zealand first we'll take to the
next election. Apparently Leader Winston Peter says, well us, very
good morning to you, good night. It's not something you
could roll out now, seeing it's a half sensible idea.

Speaker 17 (45:54):
That's not bad coming from you. Look that is that
if it's worked in time one, it's worked in Singapore,
has worked in Ireland, and worked in places like Iceland
and Order countries, of course it'll work here. It is
so sad that we we used to think that way,
have stopped doing it and as a consequence we're paying
a huge price for a lack of investment and a
lack of infrastructure in our country.

Speaker 3 (46:15):
How does this stubtail in with what David Seymour was
talking about over the weekend foreign money coming in for
businesses et cetera. I mean They're all related, aren't they.
We need to open ourselves up more to the world.

Speaker 17 (46:27):
Well, I couldn't quite follow what he was saying on
that because we hadn't seen that policy, And what he
seemed to be saying is a little change the emphasis.
So if you there's no reason why you can't come,
you should be allowed to come up, rather another way
around putting the barriers up person making exemptions. I think
that's what he was saying in that document. But our
approach has been to say, look, if it's worked seriously

(46:49):
overseas and we differently need the money because we've sailed
to put a we've failed to put away a savings
fun we've failed to save in the past, and give
us the capacity to do what Singapore has done because
of a sovereign fund or Norway has done. Then we
need to find the money and humble ourselves and get
it and get our economy back in the States should
be where we can be, but at the very front

(47:12):
of the world's economic performance countries.

Speaker 3 (47:14):
From Luxan's travels and your travels as foreign minister, you
would have no doubt there is one money out there
to be spent and to money that would come here
if we were more open to it.

Speaker 17 (47:25):
Oh, most definitely, You're right on both counts. But they
want the question to answered why would we come to
New Zealand And we have, over a long period of time,
failed to answer that question. I can pull Ruth Richardson
circa ninety ninety one going off shore. Those are the
whole ot of business people. And though she's going to
fail for certain because she can't answer the question why
would I pick New Zealand over another country? And we

(47:46):
have failed to answer that question for decade after decade,
he's disappointing. We need to answer that question.

Speaker 14 (47:51):
Now.

Speaker 3 (47:51):
What is the answer?

Speaker 17 (47:53):
Well, because it's worth of it. We've been centivised it.
You're going to get guarantees that you will get advantage
by investing in New Zealand. Why Well, I think that's
important because if we've got nothing there, we haven't got
business workforce, a workforce like we need. If we get
that workforce being paid wages, and then all of a
suddenly our comedy is going to be strengthened by the
intervention of foreign money. I'm not talking about global foreign ownership.

(48:14):
I'm talking about a willing investor to our mutual advantage.

Speaker 3 (48:18):
So like a PPP. Yes, right, so the government's already
talking about that. But back to my original question, why
are we doing it right here? Right now? I mean,
why do you have to wait until twenty twenty six
in Seymour's needs talking about passing the legislation by the
end of twenty twenty five. Why don't we just do
it because you all seem aligned on the idea, why
don't we just do it now?

Speaker 11 (48:38):
Yes?

Speaker 17 (48:38):
Well, not so many years and I've heard this sort
of what I call neo eclectic view that tax policy
should be neutral, that you cannot pick winners, when every
other smart country has been doing precisely that. That's what
our problem is. They're paralyzed by their education.

Speaker 3 (48:56):
What tax, what tax treatment or incentivization need to be
implemented to get the money here?

Speaker 17 (49:03):
Well, you're going to say, if you come to this country,
then you're going to get an advartace to do as
will match most of the best in the world. Your
taxation will be substantially lower than it would have been
in another country, and therefore this will be a wise
country to invest in. I did it Singapore? Did it? Taiwan?
Did it Taiwan? Look there's variations on a theme. Taiwan

(49:25):
had seven, ten and even forty year tax breaks to
get something started in the second highest population density country
in the world with no resources.

Speaker 3 (49:35):
When at some point, and it's not with equity firms,
but it might be with a bloke from wherever who
wants to invest ten twenty million dollars into this country
to start a business and employ some people. But at
some point you're going to have to deal with your
I don't like foreigners buying houses thing, aren't you?

Speaker 12 (49:50):
Well?

Speaker 17 (49:51):
Sor is going to come in with the lousy twenty
minute now, I think we're not going to be cutting
ice for him, But if he's in with a whole
or she's in with a whole lot of money beyond that,
we'd consider it, because you know, the first thing they're
going to do is spend about five or six million
on twenty five million dollar investment on a treatman goneves
on the house, and then one quarter gone straight up.

Speaker 3 (50:10):
Okay, that's good enough, Okay, all right, you're open that
you are open to the idea. But because here's my point.
My point is that if you want to invest in.

Speaker 17 (50:20):
As a center for the right investor, will consider anything.

Speaker 3 (50:23):
So because my point is if you're going to invest
some serious money in the country, you want to be
part of that country. And if you want to be
part of the country, you got to own a house
or a hotel, yeah, or whatever. But I mean, you're
you're the one who's prevented that from happening. So you're
at least suggesting your under the idea that you can
change your mind.

Speaker 17 (50:41):
Now I'm not the one that's spending that happening. I'm
the one that's bending an offshore ownership and mostly absentee
houses in remire and leafy summers have walked on by
people who are buying houses, and there's gonna as a
bolthole to something to go wrong somewhere else. You know
all about this. Look look at John Key's a previous house.
Is it its occupied?

Speaker 14 (50:59):
No, it's not. So here we go again. No, no, no,
we don't get it right.

Speaker 3 (51:03):
Round up, it's only Monday. I'm just saying that if
you want to bring people into the country, eventually they're
going to want to have a.

Speaker 14 (51:09):
House, and that.

Speaker 17 (51:12):
The right person with the right investment will get.

Speaker 12 (51:14):
The right place.

Speaker 3 (51:15):
Yes, okay, So what is the right investment then.

Speaker 17 (51:19):
Well, you know, I'm not so arrogant. It's just the
right a polossey. I want to have a look at
the liberal investment required. But let me tell you this,
the world is a wash with money. They're looking for
a safe place and a secure place for the reason
why it's advantageous to company New Zealand to invest here,
and we won't provide that answer.

Speaker 21 (51:37):
Yeah, buying a house.

Speaker 17 (51:38):
It's got the right investor here. Who's going to argue
about them buying a home? No, no, but it's going
to drive that diet. The price house surprises up. When
we had under member or National, the same money was
being rotated through the same bank account as each time
they came in and got permission to invest, they would
switched to onto the next bankccount when O and over
and over again, and it made us look stupid naive

(51:59):
And we've done that thing too many times.

Speaker 3 (52:01):
Shot me to look at you over the weekend, how
just into price go by.

Speaker 1 (52:04):
The way.

Speaker 17 (52:06):
I was friends to minutes to have.

Speaker 14 (52:08):
She gave a very good species.

Speaker 17 (52:10):
I'm so disappointed that she never got the cover to
deserve because it was a state of the art speech
in terms of what we believe in and she's saying, look,
we don't want workers and we want real delivery for
real problems. And it's not to do with race. She's
half Aboriginals, he's half Irish. You know, we're all half
something and we like us and that's why we had
a We don't betray and ensnare and stare hatefully at

(52:36):
our past in terms of our other blood or other DNA.
Some of us are Scottish, some of the scenario of Scottish.
Nobody's perfect, but the reality is we're one Weber, one
people and I've got this person and but that achieved
ready to come to expect that message because it's not
just for this country. But they were the ones that
defeated the Voice, which was going to have a very
lead group of Aboriginals running the country or running policy

(52:59):
in our there who had no reference to the Audrey
Aboriginal just like elitist Mara in New Zealand, and they
needed to be stopped in their tracks.

Speaker 3 (53:08):
My observation of your work over the weekend was that
of all the times you've dealt with parties and being
in government in the thirty one years, you celebrated your
current arrangement. White might early days might be the most
productive and professional and therefore potentially successful. So far, what
would your read be?

Speaker 17 (53:30):
I think, to be fair, both had three years working
with Allan Clark and dare I say, Heather Simpson, And
there were people who kept their word. Whatever you think,
like the bat or don't like that Alan Clark, she
did take Mahanna and kept it give her worked for
three years and I admire that. But on them in
terms of productive side, I think it could be well, right,

(53:52):
we've got to make the scholars and worked in the
interests of this country, and you know this country is
in such a serious need of being turned around for
this sort of personal sideshow that's often his politics, right,
But I think about I regret that some of these
journals and somebody in the Herald today actually know her
and skip hurt aboutical day and I thought, how did

(54:13):
he make that stupid statement? You know, just around five minutes,
but he makes a cynical statement about the future. He's
got no idea what the future is going to be
in Outdoor is to be successful and the government going
forward in twenty twenty six as well.

Speaker 3 (54:29):
Appreciate the time as always, which simplet it is the
leader of New Zealand first fourteen too.

Speaker 2 (54:35):
The mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks it be.

Speaker 3 (54:41):
I'll put it to lux And tomorrow. But did we
get an answer on anything we did in the ind
as to why they can't do all this stuff?

Speaker 1 (54:46):
Now?

Speaker 3 (54:46):
Why does everything take so long? So when Seymour says
we'll change the Foreign Investment Act and we'll get that
done by the end of next year, is there any
urgency about this government at all? It's a weird old business,
isn't it. And you'll that I did not ask Winston
Peters about the protests over the weekend. The reason I
didn't ask Winston Peters about the protest over the weekend
as I'm trying my best to separate myself out from

(55:10):
the rest of the media, whom I'm increasingly embarrassed by.
If two hundred and fifty people had turned up yesterday
and rampaged through the doors, screaming and yelling and causing
apposite as one one outlet put it, chaos, I went, oh, yes, chaos.
What sort of chaos were Were there two or was
there only one person? I sort of couldn't work out
was that I think there was certainly no more than two.

(55:32):
One was a rabid woman and one was a person
behind a mask. I couldn't work out we're there four
there were four people. Four people does not chaos make
nor is it a news story. And every time the
media is accused of being out of touch, this is
a very good example. Four people is not news in

(55:54):
an event that should get proper coverage and wasn't getting
proper coverage the moment four people turned up because suddenly
four people became the news. And until the media understand that,
they will never understand why the bulk of New Zealand
don't like them the way they used to. Nine Away
from eight The.

Speaker 1 (56:11):
Mike Hosking Breakfast with the Range Rover Villain news.

Speaker 3 (56:14):
To be shiving away from eight Another scrap for regional
New Zealand. The well the cors been made in Horror
f anyway that you've got to make your own booms.
Now it's going to save the council two hundred and
forty thousand dollars a year, but it's leaving parts of
the town apparently in a bit of a tip. The
Horror Finnawa District Council of Sam Jennings with us.

Speaker 14 (56:29):
Sam.

Speaker 3 (56:29):
Good morning, morning Mike. How are you going very well? Indeed,
how controversial was the decision itself?

Speaker 22 (56:35):
Well, the decision itself was pretty pretty quiet. It was
made as part of the long term plan and we
had about four hundred people make submissions. About three hundred
and fifty or eighty eight percent were in favor of
the Council's moved to make some cuts and indeed try
and make some more cuts. But that's all blown up
on social media just recently, I guess because of the spring.

Speaker 3 (56:56):
Growth social media. Eh, so you're telling me a submission
eighty eight percent wanted you to cut the mowing of
the booms.

Speaker 22 (57:03):
Absolutely, and among other things, we had some really tough
decisions around potentially closing and reducing hours of facilities like
libraries and pools, selling carbon credits, increasing fees, that kind
of thing. So, yeah, there was a range of range
of cuts and increases proposed.

Speaker 3 (57:21):
Do you still supply rubbish bins?

Speaker 14 (57:24):
No, we so that that is outsourced to a to
the private market.

Speaker 3 (57:28):
So in a part, do you have a rubbish bin
that's cleared at all or not?

Speaker 12 (57:31):
Yes, yes we do.

Speaker 3 (57:32):
We still have because they don't collect rubbish in Auckland
anymore and they don't supply rubbish bins and the whole
thing is a complete cluster. So at least you're better
off than us. It's two hundred and forty thousand dollars
as a thing for a horror FANUA council. That is
that a worthwhile saving? I mean, is that what percentage
of a budget?

Speaker 11 (57:50):
Is that?

Speaker 22 (57:51):
So that was about half a percent of rates, So yeah,
it is certainly a decent amount of money. But in combination,
we were steering down the barrel of a twenty four
percent rate increase, driven mostly by insurance interest cost appreciation,
but we got that down to sixteen point six percent.

(58:12):
And you know, we have done some things like we're
closing cent facilities on a Sunday and there's been a
seven percent reduction in our workforce, so about a million
dollars saving and employee costs. So there's been some pretty
tough decisions to be honest.

Speaker 3 (58:27):
Good what's your debt?

Speaker 22 (58:30):
So we're one of the one of probably one of
the worst in terms of debt debt capacity, and yeah,
we look we're really pretty constrained. We've we've invested a
lot in water supply and waste water. One of the
few councils that discharged to land and not into water WASYS.

(58:50):
So we've got some big debt numbers, but we're also
in a significant growth phase, so seeing a lot of development.

Speaker 3 (59:00):
Yeah, exactly, all right, Sam, good and so I appreciate
it very much. Sam Jennings horrorfor who are district councilor
I've never understood why if you have a house and
you have a boom outside, if you mowing your own lawns,
why you're not mowing the boom. It seems the weirdest
thing unless you got a house that has no lawn
at all and you're responsible for the boom outside. And
I just can't imagine there are that many houses around
with literally no lawn but a boom outside, and suddenly
you got to try and find somebody to do your launa,

(59:21):
buy yourself a weed whacker or a lawnner. It's a
strange thing that people get upset about. Three nil are
we gripped by the America's cup Yet the lack of
wind is proving to be a bit of an issue,
isn't it. And Bathurst yesterday as good as I got. Yes,
it's another weekend of sport. We'll do will jump into
the old commentary box in a couple of moments with
Andrew Sevil and Guy I have held After the News,
which is next to Your News Talks, d.

Speaker 2 (59:41):
B, Big News, Bold Opinions, the Mic Hosking Breakfast with Alveda,
Retirement Communities, Life, Your Way, News, Togs, ed.

Speaker 15 (59:53):
Bers, rum Plaia heading to the semi finals nineteen seventeen.

Speaker 16 (01:00:05):
Wellington achieve near one hundreds in PC victory at sky
Stadium and it is enough to take them into the
semifinals of this year's competition.

Speaker 1 (01:00:15):
That's over.

Speaker 15 (01:00:16):
Bright Caros have made it.

Speaker 3 (01:00:19):
See Bummings in PC semi.

Speaker 16 (01:00:21):
Final, Tenbury total and utter domination amongst the vines in Blenham.

Speaker 15 (01:00:28):
New Zealand's end the year on the high thirty nine
to fourteen over front.

Speaker 11 (01:00:34):
They have controlled Race three from League one through six
on the back of an aggressive start.

Speaker 3 (01:00:41):
Just round up Hemorhates Team New Zealand will.

Speaker 13 (01:00:44):
Now move to a three mil lead and the Louis
Witton thirty sevens America's Cup.

Speaker 14 (01:00:51):
Match is.

Speaker 2 (01:00:57):
The Monday morning commentary barks on the My Casting Breakfast
with Spears Finance, supporting Kiwi businesses with finance solutions for
over fifty years.

Speaker 3 (01:01:06):
Andrew sevil go I have help both with us lads.
Good morning, morning, morning mate. I spent a bit of
time this week guy, trying to find you on the telly.

Speaker 1 (01:01:14):
Are you on?

Speaker 3 (01:01:16):
Are you on channel sixty two or sixty three? Sixty
two sixty two because YEA three seems to be there.
Is sixty three the Australian channel and sixty two is
the New Zealand slash Australian channel.

Speaker 11 (01:01:29):
Sixty two so track Side one is on is the
main big races of the weekend, and sixty two or
sixty three rather track Side two is probably what your
term the secondary races. And we also have track Site
Premiere which you can find on scott You can also
find on TVNZ plus Trackside and that has longer build

(01:01:52):
ups to races and.

Speaker 3 (01:01:53):
More longer build ups to races. When I went to
sixty two, all I got with the dogs? Do you
do the dogs?

Speaker 11 (01:02:00):
What day were you watching?

Speaker 3 (01:02:01):
Let's call it? Let's call it Thursday, Thursday or Wednesday?

Speaker 11 (01:02:06):
Maybe you should watch the weekend.

Speaker 3 (01:02:08):
Sort of in the afternoons about one one thirty sort of.
I had it since as sort of as a losers time.
It's it's people who are losing, they've got nothing better.

Speaker 19 (01:02:16):
To do with it.

Speaker 14 (01:02:20):
Were there are a lot of people at the dark
as much.

Speaker 3 (01:02:23):
No one at the dogs, Andrew, there was no one there.

Speaker 1 (01:02:27):
There was some guy.

Speaker 14 (01:02:29):
I thought guy was on channel like one hundred and
ten just passed when cats go wrong?

Speaker 19 (01:02:34):
No.

Speaker 3 (01:02:35):
Sixty two there was one guy. There was six dogs
out of control and one guy trying to round them
up and put them in boxes is all I could see.

Speaker 11 (01:02:43):
There was excellent racing on the weekend.

Speaker 20 (01:02:45):
Know I have you know.

Speaker 11 (01:02:50):
A group one in New Zealand, a group runs across
the ditch. If you had to watch it on Saturday, Mike,
I think.

Speaker 3 (01:02:57):
Well, here's my problem.

Speaker 1 (01:02:58):
I was.

Speaker 3 (01:02:58):
I was busy on Saturday. That's the that's the other.
And yesterday, of course ANDREI I was flat out with
which was seene sational as a race.

Speaker 14 (01:03:07):
Hey, just back to the races. We'll go out on it.
We'll go out on a team trip one weekend, Mike.
We'll go we'll go around a couple of public bars, right,
smoky hazy public bars, and we'll see guy on the TV.

Speaker 3 (01:03:22):
Then Okay, we'll go and report back.

Speaker 17 (01:03:26):
We'll walk.

Speaker 14 (01:03:26):
You may have to take up vaping or cigarette smoking,
but I'm sure you can handle that.

Speaker 3 (01:03:34):
Okay, nowhere is it all?

Speaker 17 (01:03:36):
Yes?

Speaker 14 (01:03:37):
Yes, yes, I only saw little chunks of bath. This
was it that exciting?

Speaker 3 (01:03:42):
It was because I'm I'm sorry.

Speaker 12 (01:03:45):
Guy.

Speaker 3 (01:03:45):
Did you get your hit up above the rail from
the third to have a look at it? Did you?

Speaker 11 (01:03:51):
What was exciting about Baist?

Speaker 3 (01:03:53):
What was exciting about it was one they were setting.
They were setting qualifying times at the end of a race.
You think about that, when you go for a qualifying lap,
you get a single lap to go as fast as
you can, no one else on the trap. After seven
hours behind the wheel, you're still going as fast, if
not faster.

Speaker 1 (01:04:10):
That skill it don't.

Speaker 14 (01:04:11):
Don't give me wrong.

Speaker 11 (01:04:12):
There's skill, absolutely the skill in it. But from a
from a viewer's point of view, was it really an
exciting race?

Speaker 1 (01:04:18):
Yes it was?

Speaker 11 (01:04:19):
Yes, Yes, there was skill.

Speaker 3 (01:04:20):
There was a yellow, there was a safety car. Safety
car after one thirty condensed the field, So the final
thirty lefs or so was half a.

Speaker 11 (01:04:28):
Second one safety car, which made it exciting.

Speaker 3 (01:04:32):
You want carnage?

Speaker 2 (01:04:33):
Is that?

Speaker 3 (01:04:34):
Is that your marker of motorsport.

Speaker 23 (01:04:35):
Is it?

Speaker 3 (01:04:35):
How many yellow so you get sixteen safety cars? That's
a good race, is it?

Speaker 11 (01:04:39):
I want variation, I want to go, I want from
The coverage was outstanding and it always is and that's
what kept it interesting.

Speaker 14 (01:04:51):
The access to take from remarkle apart from when castick
you went to the pets or a code driver. Did
they even lose the lead from start to finish?

Speaker 19 (01:04:59):
No?

Speaker 3 (01:04:59):
No, And exactly that was the other thing. Guy from
a sporting point of view, is Kastiki at the start
of the season, you remember, it wasn't even there. So
this is a guy who for reasons we still don't know,
walked away from his team, broke his contract, got into
all sorts of trouble, has come back, has never been
the same since until yesterday.

Speaker 11 (01:05:20):
It's a great story, doesn't make an exciting race. I'll
stick to this.

Speaker 14 (01:05:23):
This isn't it amazing watching the helmet cam vision, which
if amazing, I think, but you get the full realization.
Number one, how fast they're going. Secondly, how much of
an incline that mountain and going down the other side
of the decline is massive? Isn't it's huge?

Speaker 3 (01:05:40):
Exactly, there's Bathhurst is brilliant. The race is brilliant, The
whole the history behind it is brilliant, et cetera, et cetera,
et cetera. Do you have any numbers, Andrew on the
America's Cup? Do you have any indication of how many
people are watching this or no?

Speaker 14 (01:05:53):
No, No, I've checked a few numbers on YouTube, but
that's not the total.

Speaker 3 (01:05:57):
Well, how many people watch it on YouTube? I watched
the word smoker on YouTube.

Speaker 22 (01:06:01):
Well it looked like two or three hundred thousand on YouTube.

Speaker 3 (01:06:04):
Well that's pretty that's pretty good for YouTube, isn't it.

Speaker 14 (01:06:07):
Well not globally, is it?

Speaker 7 (01:06:09):
Oh?

Speaker 3 (01:06:09):
Sorry, yeah, globally. So YouTube is all over the world, right,
not just YouTube dot, not just.

Speaker 14 (01:06:14):
In New Zealand. Yeah yeah, yeah, yeah, global too, the
www dot whatever, that's global too, Mike. But no, I
would imagine there's more interests in the finals now that
for New Zealand as certainly, but not the type of
interest if the racing was here obviously.

Speaker 3 (01:06:35):
Now that's an interesting point. More in the moment, Andrew
seibl guy hebelt thirteen past.

Speaker 2 (01:06:39):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 3 (01:06:44):
It be News Talks sixteen past eight.

Speaker 2 (01:06:47):
The Monday Morning Commentary barks on the Mic Hosking Breakfast
with Spears Finance, supporting Kiwi businesses with finance solutions for
over fifty years.

Speaker 3 (01:06:56):
Andrew Sebral Guy helt guy from the mail bag this morning?
Can you please guy, what are the chances of number
two perennial and Race six at Tamworth? Good question.

Speaker 11 (01:07:07):
I haven't done my Tamworth for me.

Speaker 14 (01:07:10):
Come back to you.

Speaker 3 (01:07:11):
I don't know what the point of having you on
the show is.

Speaker 11 (01:07:15):
It is it?

Speaker 14 (01:07:15):
Is it Tamworth or Tamworth.

Speaker 3 (01:07:18):
Tam with yeah, I mean Worth spelt, but tam with nada.

Speaker 14 (01:07:22):
I can't. I can't wait for our trip to the
public Bar.

Speaker 3 (01:07:24):
It's going to be good times.

Speaker 14 (01:07:26):
It's going to be a couple of.

Speaker 3 (01:07:30):
Do you know my wife she heard you say chicken
Schnitty's when you're on your trip to Australia the other
week and she cooked me that that weekend, a chicken schnitzel.
She went out and get a special chicken schnitzel because
she went absolutely superb.

Speaker 14 (01:07:44):
And what did you have with that? Did you have
a little bit of gravy on top or not?

Speaker 3 (01:07:47):
I had I had. I had a I had some
pooty archy, and I had some kimchi sprinkles. Yeah, because
you put that on everything. Absolutely.

Speaker 11 (01:07:58):
Did you have three like Andrew Wood?

Speaker 1 (01:08:00):
I had one?

Speaker 14 (01:08:00):
What was the other? Was it a vegetable?

Speaker 12 (01:08:02):
You had?

Speaker 3 (01:08:02):
What was that kim chi sprinkles?

Speaker 10 (01:08:04):
Oh?

Speaker 14 (01:08:05):
No, sorry, now you mentioned something.

Speaker 1 (01:08:10):
I was likechy or.

Speaker 3 (01:08:11):
Yeh for rearchy? Oh yeah, put it on. It will
be amazed. Nanna Dahl Andrew where's he said? And he's retired, retiring?
Where's he said?

Speaker 12 (01:08:20):
Ah?

Speaker 14 (01:08:22):
I don't think the greatest of the greatest ever on
clay clearly, greatest ev all round, probably not, but the
way he played tennis was revolutionary. Just the physical the
physical nature of his game pretty much has ruined his
body in the end. Is I'm surprised he has even
made it through to thirty eight. I'll never forget seeing
him in Auckland for the first time. I think it

(01:08:43):
was two thousand and four. He came here as a teenager.
He made the final. It's a shame he didn't win
because that would have been his first ever ATP or
top tour win. But you knew back then this wiry
Spaniard with a huge left arm was going to be better.

Speaker 3 (01:08:58):
You see wiry. He went through that that I suddenly
got really big face, didn't he?

Speaker 14 (01:09:03):
Well he was, he was wiry when he turned up here.
He had sort of the bandana to sleep with shirt,
the baggy shorts. He was pretty hip and cool, but
he wasn't that big. He had a he had a
strong left arn arm on him, but generally he wasn't big.

Speaker 3 (01:09:16):
So did Roscoe Tanna then, having said that, he looks wrecked,
doesn't he. He's one of those guys who looks worse
than he is whatever age he is. He looks disheveled
and broken down and like it's threshed him.

Speaker 14 (01:09:30):
Yes, he's unlike who still looks the same right exactly.

Speaker 11 (01:09:35):
He's looking like that for a while and this has
been coming for a while. Really, he would be I
think he'd be second in terms of asking answering your
original question, I think he'd be sickond Djokovic is the greatest,
the greatest. Where do you like him or not?

Speaker 12 (01:09:47):
He is?

Speaker 11 (01:09:48):
Well, he's still going exactly, and I think Nadale is
not too far behind him, and Feda is probably, if
not level with Nadale, just behind him.

Speaker 3 (01:09:57):
Well, you wouldn't put Lindal, I'd put Linda right up there.

Speaker 11 (01:10:01):
I think these three and this is this is tennis
has been just incredible in the last twenty years and
the fact that we've got to witness it, and I
think it's a bit of a worry that these three
are pretty much all leaving at the same time. And yes,
there are good players coming through Alkahrez So.

Speaker 14 (01:10:18):
It's a massive worry guy, Isn't it like when William's
sisters left women's tennis the US. There is some good players,
but no one knows who they are exactly exactly.

Speaker 3 (01:10:28):
Alkhaz and Center are not Nadal Confederer.

Speaker 11 (01:10:31):
No, No, by no means the Black can rivalry either.
The greatest thing.

Speaker 3 (01:10:36):
About that, the Black capsist thing in India is this
of interest in generally, are we going to get caned?

Speaker 11 (01:10:42):
Well, I think they're going to get caned, absolutely, but
it is I mean, I'm a cricket fan, so it
is of interest. It's always an interest in the black
Caps get to play in India. It doesn't happen that
much in terms of Test matches, but I think they
are going to be some distance behind the hosts, that's
for sure. I think there's I mean, I keep saying it.
They are a big problems and there are going to
be big problems with that team, I think for a while.

(01:11:03):
Yet it's going to be a hate using this term
in a rebuilding phase for a while. We've had a
very very good Blacket Black Cats team for almost ten years,
probably not quite there, and a few of those good
players have leased or fell out of form or retired,
and so I just don't think it's going to be
as good as a team as we've seen, and it
might take another few years them to get back to

(01:11:24):
any sort of level like it s.

Speaker 3 (01:11:25):
Do you want a bit of fun today? You always
look look up? Nope, No, look up Jimmy but you
know Jimmy.

Speaker 14 (01:11:33):
Butler, Jimmy Butler the basketballer.

Speaker 3 (01:11:36):
Yep, look up the video of his wine cellar?

Speaker 12 (01:11:40):
Right?

Speaker 1 (01:11:41):
Does it?

Speaker 14 (01:11:41):
And how does it compare to yours? Or the shoe coverared?

Speaker 3 (01:11:45):
It's like nothing you've ever seen. It's it's you're genuinely
torn between is it a bit of wine collection or
is it a bit of piece of architecture as a room?
It's wow, like nothing you've ever seen.

Speaker 11 (01:11:56):
In fact, of Monday, you watched any of that series
on Netflix. That's just it's like it's called Starting five.

Speaker 3 (01:12:03):
I think it's yeah, yeah, yeah, it's not. It's not bad.
Nothing beats Quarterback to my view so far.

Speaker 14 (01:12:11):
Yeah yeah, yeah yeah. I mean, well, the last dance
was right at the top, isn't it.

Speaker 1 (01:12:17):
Yeah? I think.

Speaker 12 (01:12:20):
So.

Speaker 14 (01:12:20):
Did you watch You've Reminted a Bess yesterday?

Speaker 3 (01:12:22):
No, of course not. But I sort of came in
and out. I keep the screens and the various places
on so I can move through and sort of not
slow down. But still, if it was.

Speaker 11 (01:12:32):
As exciting as you said it was, you would have
watched the whole Did you.

Speaker 14 (01:12:36):
Watch it on your new screen, the new correct?

Speaker 3 (01:12:38):
Yep, watch it on a new screen, old screen, big screen,
all the screens. Sam tells me my new screen apparently
can be split into four screens. I I don't know
how that works. And you're certainly not coming around to
my house.

Speaker 14 (01:12:53):
Maybe if you've got maybe, if you've got a heck
saw in your garage? Have you seen it yet?

Speaker 3 (01:12:58):
You do turn up so rarely these days. I've given.

Speaker 11 (01:13:04):
You could have track side one permanently on one of
the parts that you might one of the screen.

Speaker 3 (01:13:08):
Could I no, no, I'm not going to do that,
but thanks guy, Guy have Elt and Andrew Saville twenty three.

Speaker 1 (01:13:15):
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Speaker 3 (01:13:18):
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that nets optimal results time after time. It's the Bailey's difference,
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into account, not just Grand slams my view Novak one,

(01:14:25):
Federer two, Nadhal three. Where does Borg and Lendel fitted
or where do Borg and lend All fitting stand by,
We'll go to Australia. It's poll DA and Australia. Steve Price,
He's up after the news, which is next here at
News Talks be.

Speaker 1 (01:14:42):
Your trusted source for news and fews.

Speaker 2 (01:14:45):
The mic asking breakfast with the range Rover vi LA
designed to intrigue and use togs.

Speaker 3 (01:14:51):
EDB nobody Mike is mentioning agacy or sampras. No, that's
why it's a great debate, of course, Mike TV and
z pol tonight. I hope you're right on that. Who
doesn't love a good by the way? I note this
morning and yet another round of hiring lawyers for no
particular reason. The better New Zealand trust. Who are they? Well,
they're pro ev people. They're taking Simeon Brown, Transport Minister

(01:15:13):
to court because Simeon Brown lowered the tailpipe CO two
emissions for car imports. We cover this relatively extensively on
the program. In totality, it was costing the country too much.
The newer the car brought into the country. In other words,
the less emissions, the more expensive the car. Bacaine. The
government said, we don't want cars more expensive in this

(01:15:34):
country anyway. He didn't consult widely enough. I don't know
what a court's supposed to do with that, but let
me come back to that later on twenty two minutes
away from nine.

Speaker 2 (01:15:43):
International correspondence with Ends and Eye Insurance, Peace of mind
for New Zealand Business to.

Speaker 3 (01:15:49):
Steve Price, Happy new week to you.

Speaker 21 (01:15:52):
You do Michael?

Speaker 3 (01:15:53):
And how many Mondays do you? Reckon Albanez he has
to get up and go. Things aren't going too well
before we get it's a bit sick of it.

Speaker 12 (01:16:01):
I think he's sick of it already. I mean you
can tell it in his body language. I reckon, you
talk it. Excuse me, you talk it At the latest
newsport and in the Australian newspaper this morning. It's got
the Coalition in front for the first time since the
twenty twenty two election. They're now leading Labor fifty one
to forty nine. That would not be a good headline

(01:16:22):
to wake up to for the PM. As you remark,
the reason this has happened, it seems, is that, as
you know, we have this crazy electoral system where preferences
flow to the major parties. It looks like some of
the minor parties, like One Nation, they're now changing their
preferences and putting them up there. For Peter Dutton, Labor

(01:16:44):
Party is not getting as many preferences from the Greens
that they would normally get, so the primary votes are
about the same. Labours at thirty one now. When they
went to the last election, that primary vote was thirty
two and a half, so they've gone backwards. By the
coalition's primary vote hasn't changed. It's at thirty eight percent,
two points higher than the last election. So it's very

(01:17:06):
very interesting. We now, of course, are going to probably
see an election in May next year. The two point
shift in two party preferred as I said, it shows
Pauline Hansen's One Nation going to seven and the Greens
now their supports at twelve percent. How it is at twelve.
I've got no idea, but this is a very bad

(01:17:28):
pole for Anthony ALBANIZI.

Speaker 3 (01:17:29):
And the Fairs. From the side of the tasment, it
looks like he deserves it. He looks a mess. Is
that a fair observation?

Speaker 12 (01:17:37):
Body languages? I said it's not good, is it? I
mean he doesn't look strong and Australians like to elect
someone they believe is going to be a strong leader.
Anthony Albanize last week was in lao As as he
should be. Peter Dutton was back here campaigning as he
has been for the last few months now. Yesterday, where

(01:17:59):
do you think Peter don't turned up to do his camp?

Speaker 3 (01:18:01):
He was at Bathurst.

Speaker 12 (01:18:04):
On the grid at Bathurst he spent the whole day
watching the race, which is sort of Bogan Heaven for
Australian's bathist. It's a great event and fifty thousand people there.
He was seen on the grid before the race started.
National anthem has sung. He was singing it Anthony Albernezy. Meanwhile,
he was at a major football stadium in Sydney celebrating

(01:18:26):
Greek Easter or Greek Orthodox with a Greek Orthodox preacher.
You could not get a bigger contrast between the two exactly.

Speaker 3 (01:18:35):
So when are we're having the election next year as
late as possible.

Speaker 12 (01:18:41):
Yes, because they've now put out the sitting dates for
next year, and there is a date in the Federal
Parliament for a budget in March, which would mean you
wouldn't go to it. You wouldn't think you'd go to
an election before that budget's handed down because you've got
the opportunity in government to hand out money. So you're
going to be having to what they're hoping for labor

(01:19:01):
is an interest rate cut sometime in February probably next year.
Then you have a budget which you'll dole out door
to people, and then you go to an election in May.
And that's as long as they can go. He can't
go any later than May next year.

Speaker 3 (01:19:16):
Okay. When you went to Greece recently, and this is
as regards Charles, who's d you at your place any
day now? When you went to Greece, did you take
your own doctors in your own blood or did you
just take some luggage just a doctor I.

Speaker 12 (01:19:28):
Didn't take any blood because he could have sort of
that out if it was a problem. Now, are you
still annoyed that King Charles.

Speaker 3 (01:19:36):
I am coming to see you, Yes I am, because
I love Charles and I was at the coronation and
I thought that was a thing that we'd bonded over.
And he just can't even be bothered turning up here.

Speaker 12 (01:19:46):
Well, forty one years ago I spent a month on
the road with him and Lady Diana, so I know
I got to know him quite well as well. Now
I think he should immediately rethink what he's doing here.
He should come to New Zealand and cut out Sydney
from his Australian visit. Because it was revealed in the
Sunday Papers yesterday that he arrives King Charles arrives Friday

(01:20:10):
night and he has a night of a day of
rest Saturday. Then he's in Sydney on Sunday, Canberra on Monday.
But guess what, all of our great premiers, including I
might say a Liberal premier, have decided they're too busy
to attend a reception in Canberra Monday Night hosted by
King Charles, featuring a lot of famous Australian sportspeople, charity workers,

(01:20:33):
people who do great things for the nation. Just Inda
Allen said, oh, I've got Cabinet on that day. I
don't think I'll be able to get up to Canberra.
Canberra is forty minutes by air from here, and she's
decided it's more important to talk to her cabinet about
how she sent Victoria broke than going and seeing It'll.

Speaker 3 (01:20:50):
Be a Republican, won't she?

Speaker 12 (01:20:52):
Oh? One hundred percent, so is Anthony Albanezi. I mean,
you know, bending ane to King Charles by elbow is
probably going to make him feel as sick as reading
this morning's news Polt quite frankly.

Speaker 3 (01:21:04):
Yeah, it's a shame. And then he's got to go
to Sarmara of course. By the way, let me give
you these numbers I read over the weekend about Victoria
and rental stock in Victoria and whether you would agree
with this or would have answered the question the number
back to rentals and Victoria has fallen by twenty two
thousand properties this year. Everyone's selling up. It's a result
of higher rental standards increased land taxes, so it's a

(01:21:25):
tight market for rentals. Sharpest fall in rental stock since
record keeping began in nineteen ninety nine. Only ever recorded
two quarters of rental bond falls, and both occurred in
twenty twenty four, So they buggered the rental market. Is
that your assessment of what's going on in your hometown?

Speaker 12 (01:21:39):
Yeah, completely blown it up. I mean, you go for
a walk in any of the inner Melbourne suburbs and
you'll see for sale signs on every apartment. What do
they have in common? Most of them are one betters
And the reason that people are selling them is because
they have slept land tax on all of these places.
No one wants to play the land tax, so landlords
are going or bug of that. Yeah, I'll sell up
in Melo and then I'll buy a two bedroom unit

(01:22:01):
cheaper in Queensland, rent it out up there, and I
don't have all these taxes on the properties that I own.
They have completely stuffed the real estate market in the
state they run, and so.

Speaker 3 (01:22:10):
The government don't recognize this as being a problem.

Speaker 12 (01:22:14):
I need the money. They can't rethink Thatuys, it's a
problem because they need the money. Without the money, we'd
be even more broke than we already are.

Speaker 3 (01:22:21):
I don't know that if you know the answer. But
I have followed with a great deal of fascination this
business of extracting Australians out of Lebanon and none of
them turn up for the flight. Why are people insistent
on staying in Lebanon?

Speaker 12 (01:22:32):
Do you know the pooll of Lebanon is too strong
for a lot of them? A lot of these people.
We had massive immigration, as you know, from Lebanon under
Paul Keeping in the eighties when the Civil War was
at its peak. We've got a massive Lebanese community, particularly
in Sydney Southwest. People get to retirement age and they go, Okay,
I'm going to get a pension from Australia and go

(01:22:54):
back and live in my village in Lebanon. That's why
they're not getting on a plane, because they don't want
to come back to you.

Speaker 3 (01:22:58):
Unreal All right, make go We'll see Wednesday. Step Price
out of Australia six forty five, make it eight forty five.

Speaker 2 (01:23:05):
The High Asking Breakfast Full Show podcast on iHeartRadio, powered
by News Talks.

Speaker 3 (01:23:10):
That'd be Mike big problem with the car emissions targets
where they were unrealistic, more stringent than Europe. We don't
make our own cars. We have to take whether the
countries trying to make we wouldn't have been able to
get any kind of stock exactly. So what Simon Brown
did this is going back to the Better New Zealand Trust.
What sim and Brand did was take a sensible everyone's
got their own. There's so few people in this country

(01:23:30):
just can't let the country get on with it. They've
got their own and the Better New Zealand Trust. They're
all pro evs and until we get you spanning you
into an EV, they're not happy. So Simmy and Brown went, well,
under these rules, the cost of a car is going
to go through the roof. We don't want the cost
of car going through the roof. So I'm going to
make a sensible decision and I'm going to change the rules.
Now they don't like that, and they claim that he

(01:23:52):
talked to four motor in groups, none of which agreed
with them. So because they didn't agree with them, if
they talk to them, they would have said something different.
But they forget even then talking to them. So you
go along to bet in New Zealand Trust and you go,
so what do you reckon I should do? They go, no, No,
you should stick by the rules and everyone should buy
an Evy. Okay, fine, thanks very much. I've had my
consultation I'm going to go ahead and do what I
want to do. Do you know why he's going to

(01:24:12):
do that? Because he's the government. And what's the point
of hiring a lawyer and wandering off the course to
have a judge going, I wonder what's happened to here?
And then maybe the judge even if the judge goes, well,
absolutely right. This is This is part thirteen of the
Clean Vehicles Standard at the Lands Transport Act, which is
to quote unquote to achieve a rapid reduction in carbon
dioxide emissions from light vehicles and ported into New Zealand

(01:24:34):
to assist New Zealand and meeting his twenty fifty tit
in the mission to the judgment, Well tell you how
fabulous you win. Then what happens nothing because the government
can do whatever they want, stop hiring lawyers.

Speaker 6 (01:24:46):
And Stevenson go on to be a judge after book.

Speaker 3 (01:24:48):
It wasn't bad, was it? Actually it wasn't Now and
now I think about that. Ten minutes away from nine
the my hosting.

Speaker 1 (01:24:54):
Racist with Alveda Retirement Communities.

Speaker 3 (01:24:57):
News, let me ask you this question, Hitler Line over
the weekend war in inverted brackets war as banks compete
for lowest home loan rates. So if there's a war,
what's the Commonist Commission and the government doing involved in
the banking sector telling us there is no competition in
the banking sector. If there's no competition in the banking sector,
how can you have a war? War generally into crates

(01:25:18):
this competition, And according to this particular story, there is
a war between banks competing, competing another word for competition,
competing for the lowest homelan rates. So there's people out
there busily spooking for your business at the moment. Is
that or is that not competition? For goodness sake, seven
away from.

Speaker 2 (01:25:36):
Nine trending now with chemist wars savings every day.

Speaker 3 (01:25:41):
I MdeR this particular discussion reluctantly because these people are
beneath me, and I don't like to sully myself with
up and comers. But nevertheless, I have to return, unfortunately
to the afternoon program. I mean, beneath you in so
many ways, precise the whole thing. Anyway, I returned to this,
this this fledgling afternoon show that we've got going here

(01:26:02):
at news Talks, they'd be with Taylor and Matt and
is it Tyler, is it?

Speaker 11 (01:26:08):
Sorry?

Speaker 3 (01:26:08):
My apologies, Tyler and Matt, so anyway.

Speaker 12 (01:26:11):
Just call them the Afternoon Show.

Speaker 3 (01:26:13):
The Afternoon Show anyway. So I was complaining about the
grubbiness of the way they operate and the disgusting mess
that they make and leave down in the studio. Now,
I would have thought that would have been plenty when
Mike Costing speaks, I've lent them my studio for goodness sake,
I've lent them the Hosking Sweet to welcome them to
the stadium, the studio, sorry, might be to the studio.

(01:26:35):
It's quite last year. It's the same thing. And to say,
come on, guys, you be the little afternoon show that could.
And I sort of wanted to encourage them, and all
they do drop food all the way over the floor.

Speaker 6 (01:26:45):
And then this, how dear Mike to suggest that I'm eating.

Speaker 13 (01:26:50):
I don't know where he got that from. I don't
know who's even front around broadcast. With fourteen years experience,
I'm not going to be eating in the studio. I'm
certainly not going to be eating when I'm broadcasting fourteen years.

Speaker 3 (01:27:02):
Oh what a beginner. Anyway, So he's eating pie and
dropping it all over the floor, and that had to
get vacuumed up, because if you think this place can
employs clean as over the weekend, you get another thing coming.
And then my other complaint, which was the sticky, disgusting
little mess that was left in the rubbishment.

Speaker 1 (01:27:19):
So Mike has our numbers.

Speaker 6 (01:27:21):
But you did not to throw you under the bus there, Tyler.
But you did say.

Speaker 23 (01:27:25):
Yesterday I'm going to leave the stinky old can of tuna.
You opened a can of tunia tuna, you emptied it
into the into my costkingspin, and you threw it in
the end, you said, And I thought, what was you word?

Speaker 6 (01:27:36):
To suck on that husking? I think that's what you said.

Speaker 13 (01:27:39):
I was assured by the bosses at ZB that there
would be night cleaners coming and clean up that.

Speaker 3 (01:27:45):
Little did I know that night cleaner is actually my
Costkain exactly. And then if that wasn't bad enough, and
I get it, they're you know, they're trying to you know,
they're puffing their chest up and they're taking me on.
I get it.

Speaker 23 (01:27:56):
But then this, and I know he prides himself on it,
on his tidiness, and he has a vacuum cleaner here.

Speaker 6 (01:28:01):
I'm looking over at this dice in here.

Speaker 23 (01:28:02):
But when I get my kids to vacuum, right, I
say to them, it's not done until you put the
vacuum cleaner away. You can't vacuum and then just sit
on the couch and leave the vacuum kein out there.
What can you see over there, Tyler? That is a
vacuum cleaner that's out. It hasn't been put away.

Speaker 13 (01:28:17):
The court hasn't even been retracted yet.

Speaker 1 (01:28:19):
No, it's lavish.

Speaker 23 (01:28:20):
It's all very well to be best in class, sitting
up the front, putting your hand up and saying, how
tighty you are great, appreciate the vacuum cleaning, but put
the vacuum cleaner away when you're finished.

Speaker 3 (01:28:31):
What they don't understand, because they're thick, is that's an
early edition. First of all. It's an art installation, is
what I'm building up to. It's an art installation. It's
one of the early models of Dyson.

Speaker 6 (01:28:42):
It's not used.

Speaker 3 (01:28:43):
It's there to be looked at.

Speaker 6 (01:28:44):
You hope they didn't try and use it. They probably did.

Speaker 3 (01:28:48):
The proper vacuum. It's priceless, exactly. It's an original. It's
like an iPhone one. It's like the proper vacuum is
out in the producers area, hanging neatly and tidily on
its hook, the way it should be. So not only
don't they know that I've got a proper vacuum, they
looked at my spear vacuum, my art installation vacuum and

(01:29:08):
just poop poop that as well.

Speaker 14 (01:29:09):
I think we need to look at where were they
when that art installation last week that got thrown away
because they thought it was rubbish?

Speaker 3 (01:29:15):
Exactly we were, Matt and Tyler. Where were they exactly? Exactly?
So inauspicious start to the afternoon. Sigmuent I would argue,
but you know, I'm a patient man, so we'll see
how it goes. Back tomorrow morning from six as always,
Happy Days.

Speaker 2 (01:29:35):
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.