Full Show Podcast: 29 October 2024

On the Mike Hosking Breakfast Full Show Podcast for Monday 29th of October, we do a deep dive into the health spending figures with Minister Shane Reti. 

The Prime Minister talks meeting the King at CHOGM, the plans for Kiwibank, and whether we should let Singapore invest in our infrastructure. 

After a long weekend of sport Andrew Saville and Guy Heveldt talk F1, the Black Caps, Silver Ferns, Auckland FC, and much, much more. 

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

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Episode Transcript

Speaker 1 (00:00):
You're trusted Home the News, Thought, Entertainment of Opinion and
Mike The Mike Hosking Breakfast with a Veda, Retirement, Communities,
Life Your Way, News tog send b Bodding.

Speaker 2 (00:11):
And welcome today we dive into health new numbers for
you this morning. What it costs this country it's high water?
And can Singapore be an investment savior for our infrastructure?
Prime ministers and the lads are in the commentary box
capturin Field and France Rod Liddle does the UK for
us tasking rolling on the short In week seven past six,
fresh off the back of the new Labour Prime Minister
Sakia Stamer accepting free suits and glasses. But by the way,

(00:34):
is it just me? Or is accepting free glasses even
weirder than accepting a free suit? Anyway? The deputy leader
of the British Labor Party accepted a free apartment in
New York, which I can sort of understand a little
bit more readily. I mean, you're in New York. A
donor says, look, I've got a place in New York.
Why't you stay there? You needed a place to stay? Anyway,
that sort of makes sense. Whereas most people who need

(00:55):
reading glasses, buy them for themselves. Anyway, Clothing's tricky to
the extent of spouse gets added to the mix, so
you're expected to look a certain way. It's expected you
can't turn up looking the same every time, so you
need more clothes than normal people. But where's the line
between an allowance and simply taking the mickey? MPs aren't
paid all that much of course, here or in Britain
or in Australia, which is where in Australia they're prime mins.

(01:15):
To Anthony Albaneze, he now finds himself in his own
hole after revelations over the weekend he organized a bunch
of free upgrades on Quantis by allegedly going directly to
the then CEO, Ellen Joyce. This was for personal travel
for himself and his family. I mean, obviously, as Prime
ministery flies at the front of the plane if not
on an Air Force jet. But your son travels like
anybody else, or they do unless Dad's been on the

(01:37):
phone to the CEO. Now, how these people won think
this is normal, I've got no idea. And to how
they think they'll get away with it is beyond me.
Public life these days is transparent you can do nothing
without a snitch or a leak or a WhatsApp going Australia.
Is it a labour thing? I was thinking to myself
over the weekends, A sort of a left wing thing.
I mean, how does Starmer and Elbow explain freebies that

(01:59):
you and I would Again? How do they defend freebies
from an already exalted position? I mean, Becky and Luxon,
you've got a begging for doing nothing wrong apart from
being successful enough to own a few houses. What would
we have done if he'd been upgrading himself or accepting
free suits? And Amanda turns up in new I wear
paid for by party supporters. Public service once meant serving

(02:20):
the public, not using your position to upgrade yourself, whether
aviationally or soar to Really.

Speaker 1 (02:27):
Why news of the world in ninety seconds?

Speaker 2 (02:30):
Well he to keep coming from the aforementioned British Prime
Minister as he lines the country up for some ugly
numbers this week in his first budget.

Speaker 3 (02:36):
If they think that taxes are too high but they
don't want to cut public spending, let them tell working
people why the lessons of less trust no longer apply.

Speaker 2 (02:48):
This bloke worked at the Reserve Bank.

Speaker 4 (02:50):
They chancefers likely to relax borrowing rules to allow more
public investment than by the previous government.

Speaker 2 (03:01):
Into the US rights with the rellies and the advertising
of being laid on thick and fast.

Speaker 5 (03:06):
We will put these vicious and bloodthirsty criminals in jail
and to kick them the hell out of our country.

Speaker 6 (03:12):
As fast as possible.

Speaker 5 (03:14):
I'm here by calling for the death penalty for any
migrant that kills an American citizen or.

Speaker 7 (03:19):
A law enforcement officer.

Speaker 2 (03:22):
Hero's appealing to the Puerto Ricans.

Speaker 8 (03:23):
I will never forget what Donald Trump did and what
he did not do when Puerto Rico needed a caring
and a competent leader, He abandoned the island, tried to
block aid after back to back devastating hurricanes.

Speaker 2 (03:38):
And Trump let's yesterdize NFL games with edge that lasted
up to two and a half minutes.

Speaker 9 (03:43):
We are going to launch a new golden age of
American success for the citizens.

Speaker 10 (03:49):
Of every race, religion, color, and creed.

Speaker 2 (03:53):
Remember Commaloo broken. President Trump will fix it. That didn't
s why this Republican and pencil.

Speaker 11 (04:00):
I'm not voting for a candidate, I'm not voting for
a policy. I'm voting against a candidate and policies, and
not even all the policies, just you know, the unstableness
of some of the things he says are truly scary.

Speaker 2 (04:13):
Finally, in a first of its kind, studying scientists have
discovered three three connecting black holes. This is in space.
They called it black hole triple. Basically, it's a black
hole in the middle of consuming a star with another
one also being pulled in. May estimate the star being
sucked in was circling the black hole every six and
a half days, while the third star was circling every

(04:33):
seventy thousand years, which shows you the strength of the
gravitational pull they think. I think it calls into question
the theory that all black holes form from exploding stars.
Use the world out of worlds, and by the way,
it's going to come to win needed always was Elon
Musk and as million dollars a day the Department of
Justice tried last week and saying this could be a
little bit illlegal, but the Philadelphia District Attorney overnight that

(04:56):
office has filed a lawsuits, So I think the million
a day is fairly apparently coming to an end. Twelve
past six, the.

Speaker 1 (05:04):
Mic asking Breakfast Full Show podcast on iHeartRadio powered by News.

Speaker 2 (05:09):
Talksb reminder of just how solid the Russian economy is
at the moment. The Central Bank over the weekend increase
their cash rate by two hundred basis points. And not
only was it two hundred basis points, most of the
analysts thought it would only be one hundred. So they've
taken their cash rate to twenty one. Fifteen past six
and j I will Andrew kellerher good morning, Hi Mike,

(05:32):
how are you? I'm well, thank you, and better than
the New Zealand confidence figure, which I thought we saw
some green shoots. I thought we saw some hope coming
for summer and then bom, we're back to reality.

Speaker 12 (05:43):
Yeah, well hope springs eternal, doesn't it make. I've spent
sort of a week in and around the CBDs of
Melbourne and Sydney, and it certainly feels like a different
vibe from that which he get in sort of Central Auckland.
So it kind of timely to ponder the vibe of
the New Zealand consumer. So how opportune it was we
have the release of the z Roy Morgan consumer Confidence

(06:04):
survey on Friday.

Speaker 6 (06:05):
The headline reads back to reality.

Speaker 12 (06:07):
And I'm about to start a bit of a series
of talks around the country of the next few week,
Mike's and Mike and one of the key themes I'm
sort of exploring or trying to reconcile, is this downbeat
here and now. You know, with recent lift we've seen
and expectations, so that lift in consumer and business confidence,
but you know, the here and now numbers aren't reflecting
yet that sort of lift in spirits.

Speaker 2 (06:28):
But yeah, that.

Speaker 6 (06:29):
Lift and confidence has stalled.

Speaker 12 (06:31):
The A and Z Roy Morgan Consumer Confidence Index fell
at the headline level that was only four points to
ninety one point two, but that follows three months of improvements.
I think the RBNZ just looking into the data, they'll
share the fact that consumer inflation expectations are steady. Admittedly,
they came in at three point eight, which does seem
quite high, but households typically do tend to over state inflation.

(06:56):
There was a small lift in house price expectations, and
we're now starting to get some sort of different expectations,
or some varying expectations of how the housing market is going.

Speaker 6 (07:06):
To react to lower interest rates next year.

Speaker 12 (07:08):
If I look across the survey that does appear to
be a general tempering of views over the current and
future situation. Future conditions in next foul. Perceptions of current
personal financial conditions foul. The number of people who think
they will be better off next year, Mike fell eleven percent.
Now we've spoken a couple of times now about the

(07:29):
speed of monetary policy transmission. We think about half of
all mortgage holders will benefit from mortgages repricing lower we
assume in the next six month. But I'm speculating, Mike,
that the prospect of a weaker jobs market may now
becoming a little bit more real, and that will be
the case of you know, our reality for some time.

Speaker 2 (07:50):
Now.

Speaker 12 (07:50):
We get an update on business confidence later this week,
so I'd be fascinating to see if the same things
happen there.

Speaker 2 (07:55):
Okay, let's look at the States, big names, big numbers
this week.

Speaker 6 (07:59):
Hang on to your hats, mister Hoskins, strap in.

Speaker 12 (08:02):
We're heading into a couple of big weeks for offshore
financial markets. Firstly, you've got earnings continue to come out
in the US.

Speaker 13 (08:09):
Now.

Speaker 6 (08:09):
Tesla may have given the NASTAQ index a bit of
a boost last week, and it.

Speaker 12 (08:12):
Actually it has held on to those gains overnight. But
this week really is crunch week. You've approximately a third
of the S and P five hundred companies reporting this week,
and you've got the biggies there. You've got Alphabet, that's Google, Apple, Amazon, Meta, Microsoft,
so the Magnificent seven is almost completely covered. But you've
got Eli Lilly X on mobile visa as well, and

(08:34):
we'll get a better feel, i think for the role
of AI developments in those businesses.

Speaker 6 (08:39):
And Mike.

Speaker 12 (08:39):
On Friday, I attended a presentation in Melbourne from Australia's
answer to sort of big tech guru. It's a guy
called Craig Scroggie. He's boss of next DC. Next DC,
they're data center operator. He was absolutely convinced that we're
on the cusp of the fourth Industrial Revolution. In the
next few years we'll see change x celerated an enormous

(09:01):
rate of notts.

Speaker 6 (09:02):
But he may be correct, but company valuations in this.

Speaker 12 (09:04):
Space could be quite volatile till those real outcomes become
a little clearer. You've got PCE inflation in the US
this week, that's the one the FED lights. We've got
the first read on third quarter GDP for the US.
You've got jobs numbers that sort of book ending the week.
That's the central piece of the monetary policy jigsaw puzzle.
You've got Bank of Japan, they've got an illustrate decision.

(09:25):
Missed all the political upheaval there UK budget though you
just talked about, and of course the US election keeps
careering towards what's going to be an absolutely fascinating conclusion.

Speaker 2 (09:36):
There's a good times for one of the numbers.

Speaker 6 (09:38):
The dal Jones is up. It's up two hundred and
seventy four points. Love that.

Speaker 12 (09:42):
That's point sixty five percent forty three hundred and eighty nine.
The S and P five hundred is up twenty one
points point three five percent five eight two eight, and
the Nasdaq up ninety one points just under half a
percent eighteeny six hundred and nine.

Speaker 6 (09:56):
Overnight. The fort se one hundred gained.

Speaker 12 (09:58):
Point four to five percent eight to eight five the close.
The Necke was up one point eight two percent three
eight six oh five. Shanghai comps ab up points six
eight three three two two. The Aussies they weren't on holiday, yesdoy,
they gained ten points eight two to one. We obviously
wear the clothes on Friday twelve thousand, seven hundred and
seventy one Kiwi dollar. It's under sixty cents against the

(10:19):
US mike point five nine seven seven points nine oh
seven eight against the ossie point five five two six
euro point four six five against the pound ninety one
point sixty two Japanese end gold Gosh is a story here.
Gold just keeps going up two thousand, seven hundred and
forty two dollars. I might have to talk about that
at some stage and break crude falling a bit seventy
one dollars and ninety eight cents oil going down.

Speaker 2 (10:41):
Yes, and I can ketchup tomorrow. Appreciated Andrew kelliher Joemiwealth
dot co dot mz tasket what happens when the Israelis
don't to strike the oild reserves? Now in Nvidia became
once again the world's most valuable company on Friday, five
point nine trillion, five point nine trillion dollars. Apple at
five eight eight, Microsoft five three one, So there's fifteen
trillion between the three of them. It's crazy. Six twenty one.

(11:05):
You're at News Talks.

Speaker 1 (11:06):
It'd be the Vike Asking Breakfast Full Show podcast on
iHeartRadio powered by News talks at b Jell.

Speaker 2 (11:14):
You what, There's a lot of democracy going on over
the weekend. We'll talk to Catherine about Georgia. Basically Georgia
the Dream Party which runs the place pro Russia. They
were off against a bunch of people who wanted to
be more pro EU. Russia wins, so we'll cover that off.
Chrisph Fuller is your new premier in Queensland. The Liberal
National Coalition thrashed the Labor Party, so that to change

(11:36):
your government after a very long period of time. The
interesting thing there is Stephen Miles, who was the leader
of the Labor Party, former premier. He wants to stay on,
so there's a bit of angst around whether or not
they're going to let him, whether there's some sort of
leadership challenge. The really interesting one over the weekend though,
was Japan. Because Ashiba, who only got to be Prime
Minister a very short time ago, the very first thing
he did a month or so back when he got
the job was pulled the treader on a snap election,

(11:58):
which is always risky at the best of times, especially
when you've been in power for a very long time,
which is the case in Japan. The LDP of basically
run Japan forever, but they've been bogged down with one
and economy that's not going particularly well, and two, probably
more importantly for the Japanese voter, a lot of scandal.
So in pulling the trigger, and he came to the
job as a result of a scandal, So in pulling
the trigger, he took a risk and he's lost. He's

(12:19):
blown it. So they are still the biggest party of
the LDP, but they've got a coalition partner, the Commodo Party,
and they sort of have run Japan and it's just
the way it is. But those two parties now don't
have the numbers they need, so they're going to have
to stitch together something that looks like a government, and
nobody knows quite how they're going to do that. So

(12:41):
we'll watch the space with a great deal of interest.
Six twenty five.

Speaker 14 (12:44):
Trending now with them as well, and you're home of
supports and nutrition now.

Speaker 2 (12:49):
And that's before we get to the Eskibeedi toilet trend.
So it starts on YouTube. There's a remix of a
song called dom Dom Yes Yes, and that's by Bulgarian
DJ Biza King Give me the Dot dumb, dumb, dumb
dump Yes, yes, yes, crap social media. Why did Ginny
Anderson spend more time on this instead of what you

(13:10):
did spend your time on on social media? There's a
question for you this morning. So that's the original. We've
got a remixed video that came out has been viewed
over two hundred and eight million times, and the video
is set to a head popping up out of a toilet.

Speaker 8 (13:28):
Thismstatis STiMi.

Speaker 2 (13:36):
Skimmy skimmy, so it's aimed at jin elfa, which are
those people born after twenty ten? And the Skimedi toilet tiktoks,
the Scabbedi toilet tiktoks have been viewed more than twenty
billion times and it went even bigger when Northwest bought

(13:57):
Kim Kardashian a Skabedi toilet necklace. And now kids are
yelling at random times in a classroom. So the teachers
of TikTok page have made.

Speaker 15 (14:06):
This Welcome to another presentation. This one is called when
can you yell skibbity toilet Between the hours of twelve
am and nine to fifteen am and four o'clock pm
to eleven fifteen nine.

Speaker 6 (14:21):
Am, you'll notice that these are hours.

Speaker 7 (14:23):
That we are not at school and that is on purpose.

Speaker 9 (14:28):
Thank you. Also, what is skibbity toilet?

Speaker 2 (14:35):
Mike, My five year old boy loves skibbity toilet. I
just don't get it. And that's probably a good thing.
And for all of those you're asking, is the world
going to hell and a handcut? Yes, its We do
have the prospect of a float for key we Bank.
We'll have a look at the prospects of this after
the news.

Speaker 1 (14:54):
The newspakers and the personalities of the big names talk
to Mike Costing breakfast with the range rover, the la
designed to intrigue and use constat b the war.

Speaker 2 (15:06):
Seems funny to me. We sort of notice the same thing.
So Israel. We all sit on the edge of our
seats going, oh geez, what's this rail going to do
to Iran? And then they do something to Iran which
involves them not hitting the oil all the nuclear so
we all go, oh, sure that's good, and so of
course the price of oil drops. Price of oil drop
four percent. Then the I told us sits there going ah,

(15:26):
it wasn't very successful. It was a little bit successful,
but not too successful. So we're gonna have a good
think about it, and we're going to see it. So
now we're all on the edge of our seats again
waiting for them to telegraph what they're going to do,
which will be a series of drones, and then they'll
telegraph the series of drones the day before they send
the series of drones, and then Israel will shoot them
all down and they go, well, that's unacceptable. We're gonna
have to do this, and back back and forward AGAs
it's weirdest thing. Twenty three minutes away from seven the

(15:51):
Georgia election, among other matters with Captain Field and France
for in a couple of moments. Meantime, back here, the
long road to some sort of disruptibility in the banking
sectors got to new idea. Let's plow Kiwi bank. That's
the thinking. Documents released by Treasury suggest if you stuck
the bank on the share market, we'd all invest, would
we They would get the money to get amongst the
big players and bring about the utopian present so many
seem to think will make some sort of difference. Massive

(16:13):
University Associate Professor Clear Matthews is with us. Clear, very
good morning to you, moriendam Mike as an idea.

Speaker 13 (16:19):
Do you like it?

Speaker 16 (16:23):
I guess I'm probably a bit on the fence. On
the one hand, if we think we want to really
get Kiwibank doing something in the market, then they need
capital and it's a sensible way of doing it. Whether
there's any value in trying to actually do that with
Key Bank, it's a different issure.

Speaker 2 (16:37):
I sit on the fence with you. I can't. There
is no guarantee that making no matter what mechanism is,
there is no guarantee that making Kiwibank bigger would automatically
mean anything, would it? Apart from the fact that gets bigger.

Speaker 17 (16:50):
Well, that's right.

Speaker 16 (16:51):
I mean, if it's bigger, it's going to be able
to operate at a similar level to the other banks
are the other big banks. But whether that's actually going
to make a difference. Whether they're just going to become
like the other big banks and make those sorts of profits,
which might be good because then the shareholders including government
would get bigger dividends. That might be good, But where
that would actually make a real difference in terms of

(17:12):
how the banking market operates. I guess we won't know
unless it happens.

Speaker 2 (17:17):
No, the Big four versus the Big five, what difference
would there be.

Speaker 16 (17:23):
There'd be NEXTRA bank in there. One of them is
New Zealand. One of them is New Zealand owned. Because
it's bigger, because it's got more capital, it may be
able to do things slightly differently.

Speaker 2 (17:35):
Explain to us in what way? Because I mean, if
I can go to QWI Bank and get a mortgage
now the same way an ZB and Z or Westpac.
People have decided they do or they don't. It's not
been particularly successful patriotically speaking. If they were bigger, what
would they do They can't do now.

Speaker 16 (17:52):
They give them capital to try different things. So what
they might do, I mean that's crystal ball gazing, and
so I don't know what sort of things they might
be thinking about trying. But in reality, banking is banking,
and so there are limited opportunities. So it's difficult to
see exactly what they would do differently if they've got
more capital. But this is seen as being one of

(18:16):
the things that can be done to try and make
the banking sector or competitive, although I would argue that
it is actually already quite competitive. I know others don't agree,
and so it is really difficult to see really in
reality how much difference it would actually make. But if
it's seen as important, it's.

Speaker 18 (18:33):
A way to do it.

Speaker 2 (18:34):
I take it you following the banking inquiry like I
am and I heard last week. I mean, the government
seems to have made up their mind there's something wrong
with banking and they need to do something which brings
in a political aspect, doesn't it.

Speaker 16 (18:48):
Absolutely? But I don't think it's just the government that's
decided there's something wrong with banking. I think to an extent,
all the political parties sitting something wrong with banking, which
reflects the fact that the New Zealand population things.

Speaker 2 (19:00):
But we can't explain why though clear we've just been
told there's something wrong and we go, oh, yere's something
wrong with them, and you go, well, like what you
and as you've just tried to articulate, you're an expert
and you can't explain it. We've got heaps of banks.

Speaker 16 (19:13):
What scene is the problem is the fact that they
make lots of money and what successful They are huge
organizations that are working with a lot of money. They
make a reasonable amount and they need to make a
reasonable amount because of they don't make enough money. The
parent mean will say, what's the point of being in
New Zealand. It's such a full part of our operation,

(19:35):
it's not worth our while. Let's get rid of it,
and then New Zealand.

Speaker 2 (19:38):
Would be a lot worse off, Which goes back to
my question, how come you can work this out and
I can work it out. Not not defending the banks,
but I mean, it just seems to me. I'm open
to an argument from somebody that goes explain to me
cohesively why there's such a problem here, and I just
can't see it.

Speaker 16 (19:56):
I can't help you.

Speaker 2 (19:58):
And by adding another bank, I don't know what it solves.
I mean, I mean, maybe I get to invest in
key we Bank, WHIPEDI do. What difference does that make
to anybody apart from the fact I get to invest
and they get to make some money and maybe they
get bigger. But you know, we still have the so
called broken model. If you believe the model is broken.

Speaker 16 (20:16):
Absolutely so it's really difficult to see in reality what
difference it would make, what practical value there would be. Okay, so,
but if it's done, it's good for the government. It
makes it look like they're doing something. Looks like they're
responding to what the public want, and so therefore that's
going to be better.

Speaker 2 (20:35):
Okay, all right, clear, we can go about our day now.
This is excellent. Clear Matthew's, associate professor at Massi University
Business School. I mean, do you disagree? I mean, everybody
goes our banking is broken. Is it explain to me
how eighteen minutes away from seven Paski kna's got trouble.
Their industrial profits. Won't buoy you with the specifics, but nevertheless,
their industrial profits came out over the weekend. They've tanked.
They're down seventeen point eight percent in August and twenty

(20:57):
seven percent of September. Is this bad?

Speaker 9 (20:59):
Yes?

Speaker 11 (20:59):
It is?

Speaker 2 (21:00):
Why is it bad? Because we rely on China, which
leads you to the Chinese Parliament. So they announced also
over the weekend they're having a highly anticipated meeting in
next week four through eight. I don't know why they
need four days to do it, but nevertheless, four through
eight of November, and they're going to be talking about
what more stimulus, which is already at trillions of dollars,
what more stimulus they can provide the economy. So we

(21:20):
watch and wait with a great deal of interest. Seventeen
to two.

Speaker 1 (21:23):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (21:29):
It'd be Mike, I thought the banking inquiry was kicked
after look into the rural banking. It now feels like
it's been twisted to accommodate all sectors. You're right, but wrong.
It was a general inquiry with an emphasis on rural banking,
but you're often running on that subject. It'll come back
to it in the moment. Fourteen to two.

Speaker 19 (21:44):
International Correspondence with ends and Eye Insurance, Peace of mind
for New Zealand business right the plants.

Speaker 2 (21:50):
We go, Captain feel very good morning to you.

Speaker 20 (21:52):
Good morning Mane.

Speaker 2 (21:53):
Now the Georgia election interesting, so pro Russia, b po
pro EU. It looks like Russia wins.

Speaker 20 (22:00):
It does look a bit like that, although there are
allegations coming from election observers of ballot box stuffing, of intimidation,
coercion among voters. I mean, as I'm speaking to Mike
with seeing pictures coming home of a big demonstration in
the center of the capital Tabilisi, tens of thousands coming
out onto the streets. They've been called up there by

(22:22):
the President salamezerabash Pheeli, who alleges there were irregularities.

Speaker 9 (22:28):
In the vote.

Speaker 20 (22:29):
She actually has come out and said that this was
what she described as a Russian special operation. They say
that in fact, the ruling party, the Georgian Dream, that
Pro Russia party, won only forty percent of the votes.

Speaker 2 (22:43):
So it's a it's a real worry.

Speaker 20 (22:45):
Actually for that region because when you look at that region, Mike,
you've got so many tensions there. You've got Georgia itself,
you know, split between Russia, Iran Turkey, all of them
claiming a bit of it. We saw back in what
to Russia invaded parts of Georgia, which I said had

(23:06):
a big Russian minority living there. There are still UN
and EU observers that station there to try and stop
more conflict happening there. So it's a real concern that
yet again you're seeing on Europe's eastern flank pro Russian parties,
oligarch's taking power and question marks over exactly whether or

(23:27):
not these were free or fair elections exactly.

Speaker 2 (23:30):
So the next question is anyone actually, apart from the
people on the street, going to do anything about it.
And then you come to another election which is in America,
and of a certain bloke who was standing in Medicine
Square garden yesterday wins. The implications for the EU, I
would have thought are enormous.

Speaker 20 (23:43):
Oh, just absolutely enormous. I mean they have started thinking
about this, what about three years ago when former President
Donald Trump said that he was going to have another
shot at getting back into the White House. What they're
looking at is you're actually operating on what he has
said rather than what he might do. So what the
EU had done already, that's set up a special task force.

(24:06):
They're calling it a rapid reaction force that will hit
the ground as soon as the winner is announced. They
do not expect any changes to wait until inauguration next year.
They're expecting that if Trump wins, these changes will happen
very quickly. So they've set up this task force. We're
already seeing ambassadors, We're seeing people from various countries coming

(24:29):
to Brussels to talk about what could happen. So essentially,
they're saying that they know that Trump will not defend NATO,
particularly what he described as delinquent NATO allies, that is,
those that don't pay enough into their coffers to pay
for their defense. They're also expecting if he does come
to power that there will be immediate across the board

(24:50):
tariffs of between ten and twenty percent on imports, so
that's what they're looking at. They're also having a very
close look at Trump's entourage who would come in, what
his policies would be on on defense. Also a lot
you know you're also seeing here in France. The French
Foreign Ministry is set up as special task force to
look at this as well, because I think one of

(25:10):
their concerns is Mike that Trump will exploit internal EU divisions,
perhaps start picking off certain countries because they know he
does prefer bilateral relations rather than relations with these big
groupings such as the European Union.

Speaker 2 (25:25):
Rand insight, Well done, Catherine Ketch up next Tuesday. Appreciate
it very much. What you can say about Trump that's irrefutable,
of course, is that when he first became president, there
were a lot of countries with a NATO that weren't
paying their way. America pays over three percent of GDP,
whereas most of the countries didn't play the two percent
they said they would pay. And now if you look
at the number of countries paying the two percent plus.

(25:46):
As a direct result of his basically pointing the finger
and say pull it out and get on with it.
He can claim the victory in that department. I would
have thought turn away from seven.

Speaker 1 (25:56):
Cost breakfast with Bailey's.

Speaker 2 (26:00):
Mike, using your argument, might as well sell qubank altogether
and then simply mind about the Australian banks, Bruce. I
don't care whether you sell it or not, float it,
turn it upside down, spank it. I don't care what
the argument is that the banking system's broken. This is
what the government will tell you. It's broken. They're robber barons.
We're being fleeced to paraphrasemus ire don and I'm saying

(26:20):
I don't see any evidence of it. There are thirteen
commercial banks in this country and go borrow money from
How many do you want? Fourteen, sixteen, seventeen, fifteen? When
does the problem get solved? Supply and demand Mike, more
competition means better rates? No, it doesn't a according to
the government. I mean, we've got plenty of banks. I've
just told you thirteen banks. How many do you want
for the better rates? If you had fourteen? Material improved Mike,
banking problems are in the eye of the declinent. It's

(26:41):
probably something in that Mike, Qbank doesn't lend and operate
in the commercial market, which is risky but more lucrative.
Not an unfair point, Mike. Is it just me or
does some of the rhetoric emanating from Trump and his
campaign remind you of dyr Men in his prime. I
watched Mediicine Square Garden yesterday. I watched the report last
night on the television. I'm a reporter who queued for
four hours, queued for four hours to arrive eventually after

(27:04):
the four hours, three hours early, so that's seven hours gone,
and then watch the two hours of whatever you call
that ensue, So nine hours. Who's got nine hours? For
goodness sake? A Fox reporter I watched when it was incredible,
it was electric, and then the other reporter I watched
said the crowd started to turn out and was low energy.
So which was it was electrical? Was it low energy?

(27:25):
I found it unbelievably boring, just saying five minutes away
from seven, the ins and the outs.

Speaker 1 (27:34):
It's the fears with business fiber take your business productivity
to the next level.

Speaker 2 (27:39):
It was opened by Rudy Giuliani who's a crook, Elon's
an idiots and Donald Trump. I mean, Malanie was probably
the highlight. And what she's doing with him, I got
no idea. The NFL is counting its popularity at the moment,
like so many American sports, They've got a new streaming partner.
It's an immersive technology company called COSM. They broadcast live

(28:00):
events using what they call shared reality. So they use
a three sixty degree dome, giant twelve k led screens
to make it feel like you are in the stands
watching the game. So each venue seats about seven hundred.
Tickets start at twenty two for the back one twenty
seven for the front row. They do it with college
games a lot of premier football as well. Deal means

(28:22):
they'll be able to broadcast all the Thursday night football
games on Amazon, the Sunday night games on NBC, some
of the games on Fox, and every game Monday Night
football on ESPN. Earlier this year, COSM raised a quarter
of the billion to expand and one of the fastest
growing broadcast partners, with deals already with the NBA, the UFC,
the ESPN, NBC, TNT, Fox, and Amazon. They've also got

(28:43):
some exclusive rights to the Olympics. So investors say they're
going to be the number two places to go for
for a sport event beside the venue itself. It's that real.
You believe it's that real? Or just because they tell
you it's real. Is the banking system broken or have
they just told you it's broken? We got some new
numbers around health, lads and the commentary box after rights.

(29:03):
Speaking of sport, by the way, my highlight of the
weekend last week in how we were waxing lyrical about
how it was the greatest sporting weekend ever. I think
this weekend beat it and beat it by some considerable margin.
And my favorite sporting moment, I was just fizzling with
excitement because it had never happened in the history of

(29:24):
the event ever, So history was literally made in front
of my eyes while I was watching it live. It
was incredible. Anyway, more later Health Crunch a few numbers
for you. The numbers around health are just either eyewatering,
order pressing, or both. Shane Rettick is next the Breakfast.

Speaker 1 (29:40):
Show You Can Trust The Mic Hosking Breakfast with Bailey's
Real Estate your local experts across residential, commercial and rural
news togsad.

Speaker 2 (29:49):
Be bullying seven past seven. So it's some fascinating new
numbers for you this morning to explain just how Gargantu
and our health services Health New Zealand employees eighty two thousand,
eight hundred full time equivalent stuff. That's one point five
percent of the entire population. One on every thirty members
of the workforce in this country works for health. The
cost of all that's thirty billion. Big question Treasury is

(30:10):
trying to answer is is it funded adequately? The Health
Minister Shame retties with us on the Shame morning to you.

Speaker 9 (30:16):
Yeah, money mate, now much.

Speaker 2 (30:17):
I think that line from the Prime Minister a couple
of months ago, thirty billion is enough. Do you stand
by that?

Speaker 9 (30:23):
You so do, as you've heard from the commissioner. It's
just that we're funded enough, we're just not spending it well.
I mean put that in context. Every health system in
the world would like to have more funding, as would
I but for the key services we need to deliver,
as you correctly pointed out, for the biggest organization in
New Zealand, probably one of the top six between Australia
and New Zealand, it's a big organization and so thirty

(30:45):
billion will help those deliver cour services.

Speaker 2 (30:47):
Is it so Gargantua and Nolan's quite got a handle
on its totality.

Speaker 9 (30:52):
Oh, that's a very good point, and I think the
answer that would be yes, that's what happens when you
throw twenty DHBs together on short notice in the middle
of the pandemic. How did we think that was going
to play out? You know, that's the structure we've got. That,
that's the cards we've got. We've just got to play
them really well. But yes, it is a big entity.

Speaker 2 (31:09):
And when you look at the size of the entity
serving five million people, does it seem too big?

Speaker 9 (31:16):
Look, that's something that as you'll be aware of, the
Commissioner's working on with the statements we've made around how
we're going to get back to fiscal stability, around reducing
some of that back office because it is just too big.
I think after that would be a yes, it probably
is too big, but we've probably had people in the
wrong places our front line. Clearly, we've got some vacancies

(31:36):
we need to fill, and we have some positions in
the back office that we.

Speaker 21 (31:39):
May not need so much.

Speaker 2 (31:40):
The Treasury suggest it could cost us ten percent of
GDP by twenty sixty one Is that too much?

Speaker 9 (31:46):
Is that a worry again in that context that you
could fill health with as much as you'd like to
give it. We want to be wise users of taxpayers money.
If we look at where we position in the OECD
for the amount we spend on GDP, we generally sit
in the middle. We box above our weight.

Speaker 2 (32:05):
But of course you'd always like more this Treasury stuff.
I'm reading this morning's top down, bottom up? Do we
trust Treasury? The Treasury actually know what they're doing or
we're just just throwing darts boards here?

Speaker 9 (32:16):
Oh, Treasury are very detailed, particularly around budget time, very
detailed around what postings might be if they start a
year out, if not further. And so the bottom up
was Health New Zealand approximation and the top down was
Treasury's approximation and it adds with most budgets this summer
meeting in the middle.

Speaker 2 (32:35):
All right, appreciate time, Shane Retty. Here's the Health minister.
The details are the final details. There's some very good
work done by Thomas Coglin in The Herald this morning
if you want to watch. But I mean some of
these numbers, I mean thirty billion one in thirty seven,
you know, one point five percent of the entire population
eighty three thousand. It's a city. It's a city, and
a reasonable size city of people who work for health

(32:55):
in New Zealand. And still we sit there going, oh,
you can't get access to what doctor ten past seven
from the Good Ideas Department. The suggestion over the weekend
from Shane Jones not less that Singapore wants in on
some of our foreign investment for infrastructure. We want their money,
they want our food security. Seems simple. Queen City Laws.
Marcus Beveridge specializes in foreign investment and he's well, this Marcus,
morning to you mining make has it hanging very well.

(33:18):
I was a little bit surprised about all of this,
and I thought we were close with Singapore. They're an
entrepreneurial sort of city. They've got to carve out with
a foreign investment. I would have thought we'd be into
this already sort of floated as a new idea. Seems
weird to me.

Speaker 5 (33:32):
Well, what about the exquisite irony of Shane and Winston
out there promoting this when they're the sort of reds
under your beds and Japanese submarines and the harbor guys.
I mean, look, fantastic idea. The Singaporeans have been big
players in our commercial property market for a long time,
but getting them to invest into our infrastructure is a

(33:53):
novel and really good idea.

Speaker 21 (33:54):
But whether we can pull it off or not, I'm
not so sure.

Speaker 2 (33:58):
What would do.

Speaker 14 (34:00):
Well.

Speaker 5 (34:01):
Thirty years ago we tried to get to Mussak, the
investment arm of their government, to invest in an internationally
important Taupo, which sounded like a great idea at the time,
but it didn't really happen. I think the problem is
reputationally at the moment, despite our regulatory framework being probably
considered attractive, we're not seen as a positive jurisdiction to invest.

Speaker 21 (34:28):
In at the moment.

Speaker 2 (34:29):
Wouldn't that be changing given that Peters is out there
every second day beating the drama and Luxin is not
far behind him.

Speaker 5 (34:37):
Our hats off to Winston for doing that. But I
think we're sort of seen as the lawless West at
the moment. There's not so much the Aussie criminals. It's
probably more the Kiwi criminals. We've we've also with immigration,
we've damaged some relationships there. We had a client who
has two hundred and fifty million dollars worth of hotels here, employees,
five hundred kiwis and just he was decked around by

(35:02):
bureaucrats and Wellington and pulled the plug. So, I mean,
it's a great idea they've got. I was trying to
work out what their investment fund is. It actually equates
for about five hundred thousand million New Zealand dollars, but
they're shrewd investors and I don't know. I mean, if
you look at the underground railway, it should have taken

(35:25):
two years and cost two billion dollars and it's sort
of ten years later and getting close to ten billion.
I think, Leekon you would be turning in his grave.

Speaker 2 (35:32):
Yeah, no, that's a very good point. So what you're
saying is one you need to get across the hurdle
reputational damage. If you get across that hurdle, you then
put your money into the country to watch a bunch
of road cones hold up everything and blow out at
twice the price. So we've got to fix that as well.

Speaker 13 (35:47):
Well, see it. I mean that's it.

Speaker 5 (35:48):
And yeah, so that whole governance around projects and how
we get stuff done efficiently. Yeah, it's you know, they're
not stupid and so yeah, there's a real politic thing
to deal with there. But the idea that Shane Jones
has is a great idea.

Speaker 2 (36:05):
Yes, it is all right, Marcus, appreciate the insight. We'll
talk to the Prime Minister about it shortly. Marcus Beverage,
who's with Queen City Law. Mike, you didn't answer the
question how's it hanging. It's hanging as it always does.
Thirteen past seven, Paski, Mike, if it was cosm you
were talking about. My friends just watched Arsenal v. Liverpool
in Fort Worth, Dallas. So there you go. That's what

(36:25):
That's what they're into. The population. By the way, new
stats out on Friday from the Stats Department of all
the people coming to the country, of which there were
ninety three thousand, five hundred and increasing the population, half
of them park themselves in Auckland. So the gap between
Auckland and the rest of the country in terms of
population growth is continuing to grow. So ninety three thousand arrived,

(36:47):
spread themselves around the country, but forty four of those
ninety three parked themselves in Auckland. Why Kato's second strongest
growth region in the country, are Nelson the slowest. Fourteen past.

Speaker 1 (37:00):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at.

Speaker 2 (37:05):
B Prime inter selection with us after seven thirty seventeen
past seven other chapter in the evolving AI story, We've
got new research that suggests E waste could increase a
thousand times in five years. This is a study from
Nature Computational Science blames AI. Hardware becomes increasingly worthless, creating
as many as five million tons of the stuff. Ecotechnology
is a key we E waste recycle FIRMA. It's Bissus,

(37:27):
Patrick Moyner and who's with us? Mine?

Speaker 17 (37:29):
Good morning, Mike.

Speaker 2 (37:31):
No worries at all the numbers they talk of a
thousand times increase AI. Do any of this? Does any
of this sound real or accurate?

Speaker 17 (37:40):
There's a few parts of us, Mike. So general electronic
waste now that's growing at sort of twelve thirteen percent
aggregated compounding growth per year. But to do with generative AI.
Potentially that has the opportunity to grow by a thousand
times And.

Speaker 2 (37:58):
What if they're right? What are we going to do
about that?

Speaker 17 (38:04):
Well, businesses like ours, like echo gear it up to
be able to receive, process and recycle or find the
partners to recycle and recover this kind of material. But
it is growing at an absolute greater Nott, would you.

Speaker 2 (38:23):
At the stage describe the industry as being able to
deal with what you deal with and therefore you'll be
able to scale up or not.

Speaker 17 (38:30):
Internationally, there's a number of businesses that have fit their
model to kind of meet the demand of this kind
of material, But you're dealing with these absolute juggernauts of
businesses like Nevada. They just as of yesterday became the
most valuable business in the world. So it's people can

(38:54):
deal with it, but it's it is a little bit
of a hand in glob situation and so kind of
continue to fight the battle. Figure out how to process
this kind of material, what sort.

Speaker 2 (39:04):
Of model these commercial models? In other words, you can
make money out of doing this or does it need
to be subsidized?

Speaker 17 (39:11):
This in particular to do with generative artificial and intelligence
and say AI is a higher value material, so it's
graphics processes, CPUs, power supplies and things. So there is
money money from the material, but general awaye televisions, appliances,

(39:36):
that sort of thing. It's usually a cost to the consumer.

Speaker 2 (39:40):
All right, Patrick appreciator Patrick Moyner and Echo Technology. See
there's a new Zealand startup that's based themselves in America
called lists Assist. Speaking of AI, it's an AI tool
natural language queries on housing. So you go, hey, AI,
I'd like to find all the houses that have four
bedrooms three bathrooms, live around the corner from the dairy

(40:02):
and within three hundred meters of a school, and it
will go bing bing bing bing bing. Now, there's a
massive problem with this that no one seems to have
thought of. But I'll have more shortly seven twenty.

Speaker 1 (40:13):
The Mic Asking Breakfast Full Show podcast on iHeartRadio Power
by News Talk.

Speaker 2 (40:19):
Sp Well, if you're a business leader, you're always looking
for new innovative ideas and ways to make better business decisions,
aren't you? So how can you help your team think
of new innovative ideas? How can you help them make
better decisions? One way is to harness the AI, of course,
but how do you access AI safely and securely? So
how can you be sure that your new ideas and
decisions won't leak with AI? So this is where one

(40:40):
Net's got the answers. One nets syst company grizzly Ai.
They've gone and built the safe and secure path or
risk averse businesses to access generative AI. So it's a
low touch software works right out of the box, great
user experience, no integrations, no training, no delays in getting started.
So if you need to make a property, here's where
you go. One net, dot co dot n z They've
got a free seven day trial of grizzly Ai. Down
Load the white papers how grizzly ai can help you

(41:02):
make better business decisions and the other one is how
grizzly ai can help you come up with more innovative ideas.
So this is one Net. It's grizzly Ai. They are
innovation leaders since the year two thousand, Bosking Rodo seven
twenty three. Part of our long weekend was spent buying
three presents for three teachers that our youngest deemed necessary
to thank them for the work and energy that they

(41:24):
put into her final year at school. And buying teachers
gifts has become a little bit of a thing. If
you didn't realize this and our experience of modern schooling,
I mean I didn't buy my teacher teachers a present.
I don't remember anyone else doing it either. Chocolates and
bottles of wine seemed to be the go to these days.
The worst example I've witnessed over the years was a
teacher telling her class how excited she was to receive

(41:45):
all her gifts later on that weekend. Not to forget obligations.
One thing deserving of it is entirely another. So in
the three cards, our daughter explains just what it is
the teachers have contributed to her final year, and in
those words is the reminder that there are those who
make difference in our education systems. See for all the
coverage that schooling gets, most of it isn't good the

(42:05):
kids who don't turn up, the kids that do and fail,
the teachers. It can't be bothered, the results that shock
us all. But like so much of the news, sadly,
it doesn't paint the true picture or anywhere close to it.
Unlike the headlines. For example, most kids are actually fine
and they do well, And amid the myriad of teachers
on strike or unionized and miserable are the ones that
love what they do and make a real difference to

(42:25):
young people's lives. Now I'm not sure if it's representative,
but in our case, all three teachers are young women
about the same age, maybe late twenties, early thirties, experienced
enough to have a handle on what they're doing, but
not too experienced to have become jaded. They are loved
not just by our daughter, but all the students whose
lives they touch. Our daughter can very clearly articulate just

(42:46):
how she has benefited by having them in her life
and education. They're all enthusiastic, they're all available above and beyond.
They all have tangibly improved the outcome of their students. Basically,
they are rock stars, and they are a reminder that,
like so much in life, the bad news is but
a small portion of the real story. Asking now there's

(43:08):
business of AI with this company. Look, I list assist.
I wish them well. The reason they're based here, but
they're going to America is of course, if you look
at the number of houses in America. But here's the difference.
So what they're saying is just say it and the
AI will find it for you. So instead of going
to one roof and typing in three bedrooms two bathrooms,

(43:30):
you know, price between one million and one point three
million and go search. You just say that and it
will solve a problem for you. The obvious extension to
me for AI would be that you can basically bespoke
your house. But the problem with bespoking your house is
and a lot of people aren't seem to have work
this out yet. AI is only as good as the

(43:53):
information at control, and if the information at control isn't
that good, then its response is never going to be
any better than it is, so you're never going to
be able to go I'd like all blue houses with
four bedrooms, three bathrooms, three hundred meters or less from
a school with at least half of those bathrooms with
gold taps, one bath tub, and a range shark head.

(44:15):
Because of it less, of course, the real estate agent
has tagged that information specifically in each and every listing
that they do, which they are never going to. Therefore
AI will never know it's there. Therefore AI will never
be smart enough, sharp enough to get the listings and
the details in which you need. And no one seems
to understand that. But it's just another version of what

(44:38):
we already have. We somehow think it's going to just
change the world, and I suppose in certain areas it
may well or at least has the potential to do so.
But in basic applications like this, unless you feed it
appropriately in the first place, it will never regurgitate what
it doesn't have. And it's not bright enough, nor will
it ever be bright enough to invent the regurgitation. And

(45:01):
second guess you as humans all with it. And I
suppose that is the quandary, isn't it? Prime Minister's next.

Speaker 1 (45:10):
Big News Bold Opinions the Mic Hosking Breakfast with al Vida,
Retirement Communities, Life Your Way News, togs head Bow.

Speaker 2 (45:21):
Twenty three minutes away from Mate commentary, Bogs being the
shortened week of course, Andrew several guy I had dealt
with us after away the clock. Meantime, the Prime Minister
is Willison the studio. Very good morning to you. Yeah,
did anything tangible come out of childhream?

Speaker 9 (45:33):
Yeah?

Speaker 22 (45:34):
Look, I mean it was the first chog on we're
held on the Pacific apart from being in Australia and
New Zealand. Pretty interesting group actually, fifty six countries, most
of them small island developing states. And really it was
the Arpa Ocean's Declaration and one of the big features
of that was that actually recognizing the sovereignty of the
current eess that exists around these island nations and if
they deal with the future of sea rise and we

(45:56):
don't want those EZ shrinking. And so that actually was
quite a good win to put out there on the record,
I think, which was good good outcome.

Speaker 2 (46:02):
What does that even mean? None of that made sense
to me. What it means is on a piece of
plate you got climate change about the ocean signed chrysopal accident.

Speaker 22 (46:09):
Now what it means is like if you're a place
like Tavalu, which is in the next one hundred years
worst case scenario, probably ninety percent of the Adohl sort
of underwater, then actually its historic border is respected and
as a result, it's EZ which has its opportunity for
fishing rights. Its economic zone around the islands as actually
maintained as it currently is today, not as it would
be in the future if the worst case happens.

Speaker 2 (46:30):
Okay, the slavery question that Kyostarama was particularly exercised about,
did that go anywhere? Will it go anywhere? Do you think?

Speaker 17 (46:38):
Well?

Speaker 22 (46:38):
The key thing was to push it out of Chogham frankly,
because it's a peculiar UK Caribbean issue that needs to
be dealt with by them. In a conversation, I think
they plan to do a UK Caribbean dialogue next year,
but it was really pushed out of Chogham so that
the Brits and the Caribbean can deal with it directly. Okay, yeah,
because really you want Chogham to be about democracy, you
want it to be about actual development. But for me

(47:01):
it was a good opportunity to meet, you know, leaders
from Africa and the Criban who I don't get a
chance to see that much, but effectively could build some.

Speaker 2 (47:07):
Relationships to have a future cham.

Speaker 23 (47:09):
Yeah, I think it does.

Speaker 22 (47:10):
I think it has to be focused back on development
and democracy, you know, strengthening against democratic institutions, building the
capacity of public services and developing states, getting rid of corruption.
Those kinds of things I think are important.

Speaker 2 (47:23):
Okay. So Shane Jones, he's been in Singapore. He comes
back this sort of surprised me that we haven't thought
about this or done anything about it before. So his
argument is they've got plenty of dough and they want
to invest in infrastructure good. They also want food security.
I'm assuming we can do something along those lines, why
hasn't that been stitched up signed off?

Speaker 22 (47:40):
Well, it is actually so promised to Lee and promise
to Wong, and I've spoken about that where we're moving
through what we call an enhard strategic partnership, which is
building our relationship to Singapore to the next level. Next
year will be our sixtieth anniversary, and that's exactly right.
The Singaporeans are really concerned about food security, and I'm
really concerned about supply chain certainty. So if you think
about oil coming through single poor coming into New Zealand,

(48:01):
I would want protection of that, and they'd want protection
and more, more and more security around their food. The
other thing is that every time I go off Sure,
I spent about two hours meeting with groups of investors
asking for the good, the bad, and the ugly of
investing in New Zealand. And my big takeaway is that
actually they're open to investing in New Zealand, they just
don't know what's here to invest in. I'm very open

(48:22):
to taking foreign direct investment into the country because we're
the lowest in the OECD. We've slipped to thirty eight
out of thirty eight, and we need that to get
knowledge transfer into our companies, but also the capital that
we desperately need for infrastructures.

Speaker 2 (48:35):
Reputationally, we're trouble. We had an investment. Guys, we're doing
this for thirty years on the prayer, he said, reputationally
where we're not well looked well.

Speaker 22 (48:42):
I think the reality is I've looked at us in
recent years and said it's too slow to get anything
done in New Zealand. It's actually you don't welcome capital
like other countries. Do you say it's a privilege to
invest here versus thank you for coming and spending your
money and make the investment and just management manage our
risks versus Actually, these days they've got to say it's
a privilege.

Speaker 23 (49:01):
To being here.

Speaker 22 (49:02):
Now, let me justify why my investment's going to be
good for New Zealand, so that the mindset's are wrong
on the investment. And also, we haven't been a country
that's been using this big sovereign wealth funds pension funds
for actually doing public infrastructure, which is what we're doing
with the National Infrastructure Agency that we're creating. So all
of those messages say, look, I'm open to investing in
New Zealand, but I just don't know what's here.

Speaker 23 (49:22):
And I think, can you turn that round?

Speaker 21 (49:24):
Yeah?

Speaker 23 (49:24):
I can, because I think what I.

Speaker 22 (49:25):
Have to do is present a deal sheet essentially of
the different assets that we are up for investment from overseas,
and then make that very explicit to the investors and
actually get them down here to see them, to show
them what's here.

Speaker 2 (49:37):
The other thing they said to or told me this
morning was once they get here, they look at the
CRL and go call big hole in the ground that's
three times over budget and years like, how do we
fix that? Yeah?

Speaker 22 (49:48):
Well, I mean that's where the fast track and the
consenting stuff is really serious. I mean the consenting stuff
has doubled in time and time is money, you know, and.

Speaker 23 (49:57):
Also you know the laws. And I spoke to a guy.

Speaker 22 (50:00):
Who wants to build a data center in New Zealand
and was he said, Chris, I love your country. He says,
where I go, they make it easy for me because
they want a data center here. It's probably half a
billion dollars worth of investment. But he said, I'm dealing
with an Auckland Council volcanic cone.

Speaker 23 (50:14):
View issue by laur and I don't know what that is.

Speaker 22 (50:17):
And I said to mate, Yeah, that exactly underscores the point,
which is if you are a project of regional and
or national significance, which is where we started with the
fast Track to try and break the system, and what
we try and shrine next year with the full system
is you know, we've got to be able to get
through this stuff and get things.

Speaker 2 (50:32):
I'm very glad you raised data centers because once they
arrive here and we do want to be a center
for data centers, how is it we're running them with power?

Speaker 23 (50:39):
Yeah, well that's a major challenge.

Speaker 22 (50:41):
No, No, as in twousand Sydney and I think there's
two data center projects there that they're proposing to build
in the next five years that will take up one
hundred percent of Sydney's electricity today. So that's why you know,
we've got twenty two fast track resource renewable energy projects
in the fast Track legislation.

Speaker 23 (50:58):
But that is the current electricity.

Speaker 2 (51:01):
I mean, we're not building what are we doing? We're
building wind mills, are we building farms? Are we building
all of the above? All of the above? Why don't
we go nuclear?

Speaker 22 (51:08):
Well that's not something that well, we've got abundant natural
resources we just haven't even tried to.

Speaker 2 (51:13):
Do what we've know. Let me, let me give you
the argument. So you look at Google and Microsoft and Oracle.
What are they doing. They're doing deals with three Mile Island.
They're building their own nuclear reactors. Why because you cannot
rely on rain?

Speaker 23 (51:25):
Yep, no, I hear you.

Speaker 22 (51:26):
But I also know that we've got abundant natural resources,
and we haven't done the job that we should be
able to do with the resources that we've already got.

Speaker 2 (51:32):
So we can build enough wind mills, and enough solar panels,
and enough dams, yeah with gas, with some gas to
run any number of data center. I think when we
can't turn the lights on in the middle of winter.

Speaker 23 (51:46):
Well that's but I just say to you, that's why
we've got to properly go through.

Speaker 22 (51:49):
I mean, we're in a perverse situation which took us
eight years to consent to win farm, two years to
build it. That should be a one year consenting. We
should get the benefit within three years and then we
can move on. You know, that's one hundred and thirty
furs and houses. You know, the particular farm I was
thinking about one hundred and thirty thousand houses. Actually all
the energy needs met through off you know, through.

Speaker 2 (52:07):
Your argument and really simple terms. We can do it renewably. Yeah,
without nuclear. Nuclear is not on the table in an ocular.
But what we can do is we do a hell
of a better job than what we've been doing. Because again,
if you're sitting in Singapore, you've got one hundred and
ninety five countries to invest that sovereign wealth superannuation money.
And if you're sitting in Korea or Japan with the
other places you know I've spoken to as well, they've

(52:28):
got so much money. Yeah, I sat down in a
meeting of five Japanese bankers. You know, they immediately had
like probably three hundred and fifty billion dollars to invest,
just and a lot of it.

Speaker 23 (52:37):
They would love to send this part of the world.
They just don't know what's here.

Speaker 22 (52:40):
I met with the Katari Prime Minister for four hours
and just said, he's got a Katari investment fund. We
would love their money. He said, it came through here.
You know, seven years ago, Sauce I couldn't find anything
to invest in. I said, we'll come back. You know,
let me let me get you the deal sheet of
what I think. You know, you might want to make
investments making essence, what.

Speaker 2 (52:56):
Are you going to do with the QWI bank?

Speaker 22 (52:58):
Look, I mean what we've said is the banking set
does not competitive. The competition is not good because consumers
are paying for it with higher prices. We've now got
this inquiry going on through the Finance and expenditu Committee
that will roll through, but we need Kerey Bank to
actually be fired up as the maverick as it's been
talked about.

Speaker 2 (53:13):
You're going to float it, well, we're going to get.

Speaker 22 (53:15):
A bunch of investment options that Nicolas asked the Treasury
to give her. Has giving you the options. One of
the options is floating well, I haven't seen the advice
yet to float it. Yeah, well, one of the options
could be to put some into the New Zealand Stock Exchange,
other ways in which you could get super funds or
other other funds to invest in its favor. I don't
have a view until I see that advice. Mike, I

(53:36):
know that's not the answer you want.

Speaker 2 (53:37):
Tell no premature until here's my main point. My point
is keep your bank tomorrow, so you sell it off,
tell me materially how it changes the banking landscape of
this country.

Speaker 22 (53:47):
Well, I think a more capital growth into care We
Bank so that it actually can compete wronger. It makes
them bigger, but also makes them be able to compete
very strongly for that business. I think there's other things
that we're going to need to do well with the banking.
But let's get through some of this inquiries.

Speaker 2 (54:02):
Because I'm following this inquiry with a great deal of interest.
I listened to Antonio last week. She's fantastic, so she
who was a perfectly coach and argument. I thought, I mean, yes,
they make a lot of money, but there are a
big bank, so that the other four major banks so
to keep. If Keywi Bank was floated tomorrow, it would
become a bigger bank. There'd be five big banks. How
does that fix anything?

Speaker 22 (54:22):
No, I just I think, you know, the reality is
we've got four We've got four cozy banks and a
very cozy relationship and.

Speaker 2 (54:27):
Has shaken stop.

Speaker 22 (54:28):
And here's an example, an open banking for example, it's
something that's going to.

Speaker 2 (54:33):
Have you Have you read the documentation in Australia on
open Yeah, yea, but it looks no different.

Speaker 22 (54:36):
But the point is it's been left with the banks
to manage amongst themselves. That open banking piece rather than
actually that regulation coming from a different place. And I
think you know people, you know, they don't move banks easily,
but actually if you made it much easier to do so,
you would when you leave it to the bank, it
does not their interesting changed.

Speaker 2 (54:54):
You've not convinced me that we've got some sort of
robber barons scenario in this country where everyone's getting ripped off.
I mean, and if you could, that's fantastic, because I
don't care. I just don't see what floating selling doing
anything to Kiwi Bank profoundly changes the marketplace.

Speaker 22 (55:10):
I think in a market like New Zealand where you
end up defaulting to one or two players, two players
or in this case four, that actually anything that promotes
there's actually fifteen retail there's actually eighteen banks and the
four majors. Yeah yeah, yeah, but they but they're not
you know, we need to make sure they're capitalized in
a way that they can actually compete very strongly. And
I do think capital which capitalized they get out into

(55:31):
the rural sector. Do you think suddenly materially the escape
of the rural I think ki Bank and I think
that's one of the big observations. If you take rural
banking for example, you know many of our farmers have
been put under huge amounts of pressure by their banks.
They end up having to run a much higher interest
rates than we do in the cities. The resonsequence because
the risk, I get it, but actually I think many
of them would want to change to someone who had

(55:52):
actually back them more.

Speaker 2 (55:53):
Give me a timeline and when this is happening.

Speaker 22 (55:55):
Well again, what we're getting is advice coming back from
Treasure about the options around KIEMI banking capital. I think
we'll have a conversation in cabinet as planned for in
the month of December.

Speaker 2 (56:04):
Okay, good to see. I apprecious Prime Minister Christopher lux
Than thirteen two.

Speaker 1 (56:08):
GOO the Mike Hosking Breakfast Full Show podcast on iHeartRadio
powered by News Talks at.

Speaker 2 (56:14):
B Iceland's done a four day week trial and it
works the public service. Between twenty twenty and twenty twenty two,
fifty one percent of the workers in the country had
accepted shorter working hours, unemployment rates one of the lowest
in Europe. Shorter working hours become widespread throughout the country now,
so two large trials twenty fifteen to twenty nineteen, public

(56:35):
sector employees worked thirty five thirty six hours a week
instead of forty, so it's not really a four day week,
but it's heading towards a four day week. No reduction
in pay for that. Many had previously worked the forty
hours trials in above two and a half thousand people.
They said productivity increased as a result of that. They
moved to a four day week. So they've got more
economic growth in the EU than most other countries in

(56:56):
the EU, and they're working fewer hours and they get
the same party and all as well in the world
of Iceland, So maybe that four day week is on
to something. Mike, my daughter's tutor group got their teacher
a seven hundred dollars massage about so that's not a
bad gift. Just going back to gifts as we were
before seven thirty this morning. Mike, Singapore wanted wanted in
here fifteen years ago. I lived there for seven years

(57:17):
as an investment banker, tried on several projects. Resource consents
and lackabee wee buy in were required basically and killed
it too difficult. Well, hopefully the Prime Minister depressed and
listened with the Prime Ministers not him personally, but you
know the attitude that we've had to foreign investment in
this country and the way we've treated people, and hopefully
they can turn it around in a relatively short period
of time.

Speaker 1 (57:37):
Ate away from eight the Mic Hosking breakfast with al
Vida Retirement Communities news togs had been.

Speaker 2 (57:44):
Bonny Mike scant media coverage of Ginny Anderson's sexist attempt
to shame the king and his suit trousers on its own.
It's just a silly mistake. But Jinny asked Mark Mitchell
how many people he killed. Genny was accused by two
teenage volunteers of bullying, all in the space of twelve months.
Crickets from the Usually Offended. I don't know whether there
was an coverage around at the weekend. Was it one
of those stories. It's the question I would ask, is

(58:05):
what do you reckon's wrong with? There's something you know
some people just have a thing about them whereby trouble
follows them, or they're a magnet for trouble of some description.
And I think the text is very good by itself, dumb,
but not the end of the world. Cumulatively, you start

(58:25):
to ask a few questions after a while. She also
blamed on this program. Wasn't just Mark Mitchell how many
people he killed? But on this program she blamed Luxel
for running in New Zealand into trouble I think three
times when he did nothing of the sort, and when
he was in charge of me in New Zealand, they
didn't run into trouble at all. There's just something about
some people that they either shoot from the lip without thinking,

(58:47):
or they do random stuff, or they don't have a
radar that goes. If I do this, if I like
this particular social media post, what are the implications for
me as a public figure of reasonable high standing within
the nation's opposition party? Or don't I think about them?
It's just the weirdest thing, isn't it. Anyway. She's on holiday,

(59:10):
which makes it even weirder because I would have thought
she'd be off doing something useful instead of liking posts.
So she won't be with us on the program tomorrow,
but Kira MacNulty will, So he'll be drawing the short
straw when I ask what's wrong with Ginny Anderson news
for you?

Speaker 1 (59:25):
Then we'll get into the sport, your trusted source for
news and Fews, the Mic Hosking Breakfast with the Range
Rover Villa designed to intrigue.

Speaker 2 (59:38):
Can use togs d B.

Speaker 14 (59:41):
Sprung room it.

Speaker 2 (59:43):
Is no room.

Speaker 7 (59:45):
No, that's that crowd.

Speaker 24 (59:48):
Many go well, it's a live is twenty twenty four.
That title is yours, absolutely outstanding and.

Speaker 13 (59:58):
That is the full time.

Speaker 25 (01:00:01):
In Yokohama sixty four nineteen, For only the third time
in fourteen Constellation Cup Series, New Zealand win the silverware
with a game Despair, A Game Despair, A Constellation Cup

(01:00:21):
is coming home first.

Speaker 1 (01:00:23):
The Monday Morning commentary barks on the Mike Husking Breakfast
with Spears Finance supporting Kiwi businesses with finance solutions for
over fifty years.

Speaker 2 (01:00:32):
Go held Andrews have both well us fellows, Good morning,
Good Michael, right here we go for you guy. The
highlight of the weekend sporting wise, for you was.

Speaker 18 (01:00:42):
What it's tied at the top the black Cats winning
a Test series in India for the first ever at time,
which was just incredible and I think ranks probably up
there with them beating Australia in a series for the
first time in what eighty five eighty six and James
McDonald winning the Cox plate on board via Sestina. That

(01:01:04):
was a very special moment and winning is one hundredth
Group one, which I know you will probably not really
care about, but it's a significant achievement for Diet thirty
two years.

Speaker 17 (01:01:13):
Well.

Speaker 2 (01:01:13):
I know James a very very very likable guy.

Speaker 21 (01:01:16):
Yep.

Speaker 18 (01:01:17):
I was going to say, I don't know if you've
ever had him on your show, but he'd be a
great person for you to get for fifteen twenty minutes.
He's a fantastic talker and he's had a very interesting
life and he is just a phenomenal jockey.

Speaker 2 (01:01:27):
He's a very nice guy. What about you, Andrew? What
was what was fizzing?

Speaker 21 (01:01:32):
I have to say the Black Cats might first and foremost,
given that ripped through India four times in India with
their bowling maybe once or twice on a tour that
happens in India, and the fact that that first Test
win wasn't a fluke, and also the fact that Mitchell
Santana pretty much a part time spinner takes what was

(01:01:55):
it twelve thirteen wickets.

Speaker 13 (01:01:56):
For the match.

Speaker 21 (01:01:57):
Quite extraordinary. Silver Thirds have done very well against Australia
that's come out of the blue.

Speaker 2 (01:02:02):
Do you have any insight into what's happened. Last time
I checked in with these Silver Ferns, they were but useless.

Speaker 21 (01:02:07):
They lost to England in that series at home recently,
and then all all indications were that they were going
to get something by the Aussies. All of a sudden
they had this camp, deep and meaningful camp. I think
it was in Hawke's Bay for four or five days.
Some home crews were delivered and then next thing they
go in and beult the Aussies in three games to
win by some of those margins in Australia.

Speaker 2 (01:02:30):
Does it say anything about Australia and all Australia but
weak on it. It's just nolan I.

Speaker 21 (01:02:34):
Thought Australia was strong. I thought all the indications were
that Australia still at the top of the netball tree
and that they were very, very strong. The Silver Fans
weren't going to get close.

Speaker 2 (01:02:43):
It was just Nolane.

Speaker 21 (01:02:45):
A third highlight surely was Liam Lawson flipping the bird.

Speaker 4 (01:02:49):
That was that.

Speaker 2 (01:02:51):
That was as far as a race. If you watched
the whole race, yeah, I mean, you cannot not love
if one. It was phenomenal from one end of the
field to the other it was high drama and there
were so many stories and it was just absolutely brilliant
and amazing.

Speaker 21 (01:03:08):
How through when a season is one side of when
estapends leading by heaps, nothing really happens in races or
there's very very very little fan fear or controversy. Now
every second lap there seems to be time penalties. It
seems to be guys being pushed off the track, this
incident after incidents.

Speaker 2 (01:03:27):
Fantastic, and you see how panicked Red Bull are with
what's going on. They're our third in the constructors. And
that's why I think that you're probably going to see
Perry is jettisoned out sooner rather than later, because they'll
be asking themselves who can get us points canned Lawson?
Yes or no? Is it a risk? Yes? Is it
any worse than what we've got?

Speaker 7 (01:03:46):
No?

Speaker 15 (01:03:47):
No?

Speaker 21 (01:03:48):
Yeah, Today I would imagine there were images of him,
There were images of him being spoken to by Christian Horner,
or going into a meeting, which normally happens after a race.
Week it anyway, but I would imagine outwardly, yes, Lee,
and you don't want to do that again. But how
we've I'd imagined inwardly in that camp. We're saying, Liam,
you're you're a racer.

Speaker 2 (01:04:06):
Couldn't agreement.

Speaker 21 (01:04:06):
You're giving it. You're giving it to the old guys.
As it's fantastic.

Speaker 2 (01:04:09):
Keep doing what you He's stuck it right up Alonso
and Peirez in two weekends in a row. That that
shows real gonuts for a young guy trying to.

Speaker 21 (01:04:17):
How do you drive?

Speaker 2 (01:04:18):
But three hundred k and our take your hand off
the wheel.

Speaker 21 (01:04:21):
Take your right hand general and slip the bird out
the leap.

Speaker 2 (01:04:27):
I've driven quite a lot at two fifty sixty, and
that to me is like gob smackingly fast and I
am not doing anything other than holding on for your life.
So how he does that? I got no idea.

Speaker 21 (01:04:40):
And having grown up on having for Liam grown up
on the streets, that's nothing. The bird's nothing right exactly,
that's just HI, how you doing?

Speaker 18 (01:04:50):
They leave him out? So they leave Liam Lawson out
to help the step and get back through. Was that
because that seemed like a terribly bad technical era. He
was out for so long when it was obviously you
needed to go on the pets because.

Speaker 2 (01:05:04):
His car was well, well, it was out the same
They ran the same sort of strategy. The week before,
you remember, on the hard tires, and so they're trying
to work out what when you put the mediums on,
and how long the mediums last and all that sort
of stuff and whether you're going to be in the
points and stuff like that, and so he was not
going to be in the points. You got to remember,
even at his best point, he was before all the
pit stops, he was about twelfth, so as chances of
him getting to the top team were relatively slim so

(01:05:26):
and then of course color Pinto came along and it
all sort of fell apart. You guys haven't asked me
what my highlight of the weekend support was.

Speaker 21 (01:05:34):
Oh Mike, what was your highlight?

Speaker 2 (01:05:36):
I had to take a.

Speaker 21 (01:05:37):
Break the one.

Speaker 2 (01:05:39):
No, it's not more shortly, Guy held Andrew Sevil thirteen past.

Speaker 1 (01:05:42):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News.

Speaker 2 (01:05:47):
Talk ZB new Just Talks every fifteen past eight.

Speaker 1 (01:05:52):
The Monday morning commentary Box on the Mic Hosking Breakfast
with Spears Finance, supporting Kiwi businesses with finance solutions for
over fifty years.

Speaker 2 (01:06:01):
Guy, are you exercised?

Speaker 21 (01:06:03):
Can I take a punt?

Speaker 2 (01:06:05):
Yes?

Speaker 13 (01:06:05):
You can?

Speaker 2 (01:06:06):
You can and.

Speaker 21 (01:06:09):
I'll take the punt, and this guy I would say
please bit responsibly. Yeah, well it was either that Hong
Kong Invitational billions or Gold Coast Supercars.

Speaker 2 (01:06:20):
No, it wasn't either. The the snooker was excellent. The
NPC final, well, now this is this is part of it.
So I reckon this weekend was better than the previous
weekend if you think about it. If one on the
Saturday morning, P one and P two, the supercars, the abs,
not that they were that exciting. The final of the

(01:06:40):
NPC was brilliant given the extra time and how exciting
that was. But this was a piece of history. I
watched it live, and it's when you watch it live
that it's truly special as opposed to just going and
watching it on YouTube. It was a walk off Grand Slam.

Speaker 21 (01:06:54):
Oh yes, yes, yes. Dodgers Yankees Game one.

Speaker 2 (01:06:57):
Of the World Series. So bottom of the tenth, so
extra innings, two out, Yankees are up three to two.
Last batter up. They walk mooky Bets because they don't
want to face them, because they're scared of them, so
they walk them. So bases loaded. They get the guy
Freeman up, ball In puts it in the crowd. Never

(01:07:18):
in the history of World Series Baseball has there been
a walk off Grand Slam. Ever, Yeah, it was moving
and it was only ten in all of baseball. Think
about that, In all of baseball, there's only been ten
and none in the World Series. So I was there
on the sofa thinking, geez, I wonder what pressures on
this guy. He's in the crowd, he's one.

Speaker 21 (01:07:39):
It's the most in any home it again in the
game two? Was it on Sunday?

Speaker 18 (01:07:44):
Yes?

Speaker 2 (01:07:44):
It was any home it again? So there now too.
Do you want a fund stat the people who lead
the World Series to nil Game three today in New York,
The people who lead the World Series to nil go
on to win at eighty four percent of the time.

Speaker 21 (01:07:57):
Is this your new golf? For new and it's where
you become fixated with something and watch it.

Speaker 2 (01:08:02):
No, I just happened to see it. I liked the Dodgers,
and I saw him do it, and I thought, I
wonder if this is historic? What has just happened in
front of me? And sure enough it was.

Speaker 18 (01:08:09):
You'll see him. You'll see him out in the dadding cage.
In a couple of days, there drew no help bashing
a few balls into the stands.

Speaker 21 (01:08:17):
Yeah, yeah, and then and then in six months time
he'll give it up and he'll tell us he could
have made it to the MAK if he was younger,
if he's taller.

Speaker 2 (01:08:26):
Tell you what, I was first base at Linwood High
in the first one. That was easy, and I made
the first one.

Speaker 21 (01:08:36):
Didn't they stick the real useless kids on?

Speaker 2 (01:08:43):
No they did not. Now, Guy Warner's captaincy being lifted,
is that a thing or not? Really?

Speaker 18 (01:08:50):
Uh well, he's never going to play for Australia again
in Test cricket, so I don't think.

Speaker 2 (01:08:55):
It doesn't really really mean much. Second question, the one
hundred Do you know about the one hundred?

Speaker 21 (01:09:03):
What the one hundred are we talking about?

Speaker 2 (01:09:05):
Cricket England?

Speaker 18 (01:09:06):
Private in England?

Speaker 16 (01:09:07):
Yeah?

Speaker 2 (01:09:08):
Is that going to turn the game on its head
given the amount of money. I'm just reading about it
over the weekend and like all the leagues around the world,
they think this potentially has got like no one will
ever play for their country ever again.

Speaker 21 (01:09:18):
It's been going all while though.

Speaker 2 (01:09:20):
Yeah, no, no, no, it's getting the turbo charge with
the money.

Speaker 18 (01:09:24):
I don't think so. I think I think the IPL
will always be the one that will make the money
and we'll get the players there. If there's enough money
to pay these players, you know, money that the IPL
is paying them, then of course it's going to drag
some bigger stars there than it already has. But I
think the IPL will still be number one. The big
thing is how much is all of this in a

(01:09:46):
heightened hundred How much is that going to impact the
international game? Because it already has, but how much if
they continue to just keep throwing more and more and
more dollars at it, how much is it going to
impact the international game?

Speaker 2 (01:09:57):
What the question Andrew Auckland deaf cea top of the
table think about and right lost?

Speaker 21 (01:10:05):
Yeah? I mean, not only was that first game fantastic
atmosphere and a good result given the team had barely
played together, but then at the weekend they beat someone
like Sydney FC. Look that they put on a good show.
They're very fan focused and obviously if they keep winning,
that will only boost attendances and boost interests. I think

(01:10:27):
they've had a fantastic Startland Derby.

Speaker 18 (01:10:30):
This weekend they play the Phoenix.

Speaker 2 (01:10:31):
Yeah, that'll be huge, Although win, won't they.

Speaker 13 (01:10:36):
Wow?

Speaker 18 (01:10:36):
I don't know, but I'm more interested in to see that,
the atmosphere and that sort of thing.

Speaker 2 (01:10:40):
I think they'll be where it is it Auckland or Wellington?

Speaker 18 (01:10:43):
I think it's Wellington.

Speaker 2 (01:10:44):
Yeah, we'll see. That's a shame they don't turn up
in Wellington. That's the problem, isn't it?

Speaker 17 (01:10:47):
But I think they might for this.

Speaker 21 (01:10:49):
It up for this, I'd say, yep.

Speaker 2 (01:10:50):
If you're not going to turn up for a local derby,
there's no point in having a local derby, is there.

Speaker 13 (01:10:54):
I'll really been going.

Speaker 21 (01:10:55):
Two games and I've got this fantastic section of of
die hard fans already too light. Yeah, it's been quite
a remarkable start.

Speaker 2 (01:11:03):
Real quick question for you guy, calm games? Can we
be bothered on not ten sports? Give it up or
keep it going?

Speaker 18 (01:11:12):
I'd say give it up?

Speaker 2 (01:11:13):
Okay, this, Andrew the irony veer mic.

Speaker 21 (01:11:16):
Is the sports that needed the most have been kicked out?
I don't know that I would question this.

Speaker 2 (01:11:23):
Yeah, I think so too. So will officially kill it?
Shall I just pass it on to the Olympic committee then?

Speaker 13 (01:11:27):
Yeah?

Speaker 2 (01:11:29):
Nice to see you guys have helped Andrew Sevil for
another week. It is eight twenty two, the MIC hosting
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Hosking Mike, I loved every seventy one lapse drama from
the get go. At one point Liam was fourth, short
lived but all good for him. Moving on yep. They
move on to Brazil to the famous Interlagos. There's a

(01:12:55):
week's break after that, and then they go to Las
Vegas and then they wrap the season up a week
after that. It's another tup headed with a couple of
races in the Middle Eastern and there's a couple of
sprint races to take care of as well. Mike, how
many people at the Auckland FC game yesterday. I saw
a little bit of it and I looked to me
the same size or the same number of people who
were there the week one and they claimed that it
was a sellout. I'm not sure it was truly a sellout,

(01:13:16):
but there were about twenty five thousand people in week one,
so I'm guessing there's about twenty five thousand people in
week two, which I would have thought relatively encouraging. And
it will be with a local Wellington's always had this
issue with it being not well supported by the fans
or not as well hardcore but not the big numbers.
By the way, the aforementioned baseball the most expensive ticket

(01:13:36):
on average. As I mentioned Game three today, Yankees Dodgers
in New York, first time in New York, and as
I alluded to the other day, you can't get a
better match up because you've got the two biggest cities
in America East Coast, West Coast, New York versus Los Angeles.
Blah blah blah. Average ticket price in the US dollars
is seventeen hundred dollars, so say three thousand New Zealand.
That's on the secondary market. That's broken records. Previous record

(01:14:00):
was back in twenty sixteen. It's doubled last year's average.
So you're paying big bucks to be amongst the crowd.
News me in a couple of moments, there's a bloke
of labor MP another one in the UK who was
caught on camera beating up a person. Now call me
old fashioned, but when you're an MP and in government,

(01:14:21):
you don't go around beating up people and getting caught
on camera. So we'll get the details from lot little shortly.

Speaker 1 (01:14:28):
Setting the news agenda and digging into the issues the
Mike Hosking Breakfast with Bailey's real Estate, your local experts
across residential, commercial and rural news togs.

Speaker 2 (01:14:39):
He'd be one of my inside sources in the world
of motor racing, suggesting to me that Liam will be
announced in the RB tonight for Brazil this coming weekend.
Last time they were correct, so we'll see who see
whether they're r at this time. Mike, I flew home
from Honolulu yesterday. Oh my flight was an amazing anger
lady by the name of Kaitline O'Reilly who was returning

(01:15:00):
home after competing an amazing feat of being the youngest
person age twenty to complete the Seven Seas challenge. That's
going to be my sporting moment of the weekend. Look
that one up and read more about it. Twenty three
minutes away from nine.

Speaker 19 (01:15:11):
International correspondence with Insie Eye Insurance Peace of Mind for
New Zealand Business.

Speaker 2 (01:15:16):
You're the manam United Kingdom. We go on a little
morning to you.

Speaker 13 (01:15:20):
Good morning, Mike. Can you do it very well?

Speaker 2 (01:15:22):
Indeed, Sir this Amesbury was he a household name before
he started beating people up and getting suspended.

Speaker 13 (01:15:28):
And nobody he is now, which is nice for him.
He's shut in MP's since twenty seventeen for various little
pockets of affluent Cheshire, the Weaver Valley and Runcorn. And
it seems that he emerged from a pub and had
an altercation with a man about a number of issues,

(01:15:49):
including a local bridge closure and the winter fuel pavements,
and apparently seemingly from nothing, he punched him in the
face that stood over him, and continued to punch him
while he was on the ground, and then returned as
women intervened and said no, leave it out, leave it out,

(01:16:09):
and so on. As you can imagine, he returned and
said you'll not threaten your MP again, will you, and
pointed his finger in very emotive footage. And Keir Starmer
has suspended him from the Labor Party and said he
found the footage shocking. It has to be said, one

(01:16:32):
tiny little bit of mitigation which may come out. You
don't know that a bloke was jailed a couple of
years ago for stalking Mike Hainesbury and was clearly a
threat to Mike Cainsbury. And it may be that this
was all in the back of his mind, But why

(01:16:54):
I am bothering to fabricate excuses for the suggery of
the Labor Party? No, Mike, but there we are.

Speaker 2 (01:17:02):
Have we heard from mister Ramsbury in anyway, shape or
form by a lawyer or an apology or both or.

Speaker 13 (01:17:09):
No, certainly not an apology. All we've heard is I
felt I was threatened on the streets of this particular
town in Cheshire and reacted. But there's been nothing more
than that.

Speaker 2 (01:17:22):
What happened to literally? I mean one of the rules
we have, I think from memory of making this up,
it's about two years? Have you sentenced to two years
or more in jail? You're no longer an MP? What
happens in Britain? Presumably they don't want him back, do they?

Speaker 13 (01:17:35):
Or do they? They don't want him back, but this
course is a problem for them because there is no
real means of getting rid of him, especially as they've
kicked him out of the Labor Party. Is now an
independent MP, and therefore they can't reselect him because he
is the MP, and they can put another candle up
against him, but there's five years to wait until that

(01:17:59):
comes about. And we've seen that before always with Labor MPs.
I forget the name of the woman who it was
who was suspended having been found guilty in a court
of law of perverting the course of justice. I think
it was. And she remained in office cheerfully enough for

(01:18:20):
three years and there was nothing Labour could do to
get rid of her.

Speaker 2 (01:18:23):
Wow, the budget, I mean, this is a distraction they
don't need, of course. Is it possible, let me pose
this one to you. Is it possible that the Labor
Party Labor government have laid the budget on so thick
that what has announced isn't quite as bad as they've
made it out to be.

Speaker 13 (01:18:41):
I think that's almost certainly right. Certainly from a personal
point of view, I'm very much hoping that that's what
they've done, because you may have seen stories about people
fleeing the country rather like the last helicopter out of
Psichon and the latest rob we had the the quite
famous and slightly irritating I have to say, Pimlico Plumbers Company.

(01:19:07):
Who it's a huge chain of plumbers operating in London.

Speaker 2 (01:19:12):
The main guy I've forgotten this af forgot it or something,
isn't it.

Speaker 13 (01:19:17):
Yeah, that's right, And he was he was very very
vocal for example during the Brexit debate where he said,
you know, if if if we left, he'd be leaving
as well. He was very very much against it. But
Charlie Mullins, right, Charlie, anyways, the hell we could just

(01:19:40):
buy mat where where I find that the that the
local wages are quite low for for blue collar jobs
out there, So yeah, you may be right, you may
be right, and certainly that's what a lot of people
are hoping. There is no doubt it's going to hurt

(01:20:01):
a bit.

Speaker 2 (01:20:01):
How big a deal? Let me ask you this, how
big a deal in the wonderful world of football? It's
not your team, and I don't think is a But
when Erica I saw Eric in the beck of an
s class Mersides going out to an airport to catch
a private playing back to the Netherlands his second tin
hag second, how big a deal is that? In the
world of football today?

Speaker 13 (01:20:20):
I think Eric sucking is kind of I mean, I've
been writing about it for for weeks in a sports column.

Speaker 16 (01:20:27):
I do.

Speaker 13 (01:20:30):
It's hard to know when the final straw came. But
we now go into Manchester United games looking at the
game and saying they're probably not even going to get
a point out of this, and that is exactly the case.
They are lying well below mid table. There are a
few healthy points above the relegation zone, but it's nowhere

(01:20:52):
near what they where they should be. That being said,
Manchester United have been ruled badly and sometimes ineptly, to
an extraordinary degree ever since Alex Ferguson left. Yeah, they
have never hit those heights again.

Speaker 2 (01:21:09):
No, indeed, all right mate, we'll catch up on Thursday,
appreciate it as always the other day after budget day?
Can we say here we've got on visa be the
budget or not? Is it a bit early to say that?
A bit early? Okay, I'd like to be okay, just
for the record, I'd like to personally, I'd like to
be able to tell you who we've got on.

Speaker 7 (01:21:28):
We're trying to create sizz around somebody covering the UK budget.

Speaker 2 (01:21:33):
Yeah, well no, I've got a good name for it,
that's all. If I gave you the name, you go,
oh yeah, okay, yeah, no, no, no, no, no, fair enough,
that's what would happen. But I've been prevented. Tommy Robinson,
by the way, his real name is Stephen Yaxley Lennon
he's sort of one of those things who causes a
lot of trouble online and stuff like that. Anyway, he's
been banged up ten breeches of a High court order

(01:21:55):
barring him from repeating libelous allegations against the Syrian that
he had be worth anyways, been banged up for eighteen months.
So he's back. And I note with interest and an
element of sadness, that all five one Direction albums have
returned to the top forty. There's been a five hundred
and seventeen percent week on week increase in sales and

(01:22:16):
streams since Liam found his way off the balcony in
South America. And I can't help it. The sadness is
I mean, obviously that he's dead, but the money, the
clipping of the ticket, I think almost certainly will be
going to mister Simon cowb And so it seems someone
ironic that tragedy leads to greater riches. Eight forty five.

Speaker 1 (01:22:40):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, powered
by News Talks at be Mike.

Speaker 2 (01:22:46):
You don't get rich working nine to five. You get
rich by being like Simon cal and having others work
for you. Yeah, that's parts true, but I was sort
of in my sort of strange hope that there would
be some sort of charity announcement, as in, like all
the money raised in the last couple of weeks goes
to ex charity or something like that. Mike, did you
watch the Rogan Trump podcast?

Speaker 23 (01:23:05):
Yes?

Speaker 2 (01:23:05):
And no obviously not three hours. No, No one's got
three hours to watch or listen coming earlier on. I
did watch, funnily enough, the thing at Madison Square Garden yesterday,
and I mentioned it earlier on. But my interest was
that it was it was I can't work out what
they're for, because at this point in the campaign, surely

(01:23:28):
everybody's made up their mind one way or the other.
Either you're voting for Harris, you're voting for Trump, or
you're not voting at all and going along. And I
mentioned a reporter I saw had queued for four hours
to arrive three hours early to watch the thing for
two hours, so nine hours that you spent in Madison
Square Garden. And for what I mean as a show,

(01:23:49):
it was boring is all. There was nothing about it
that was entertaining. It was nothing new, It wasn't particularly
any more or less relevant than anything else.

Speaker 7 (01:23:57):
You had, You mean, you needed to tell you my
whole Hogan ripping off and singular to reveal another single.

Speaker 2 (01:24:02):
Because I've seen that before, and that was an old
act and the comedian clearly wasn't funny, and Giuliani wasn't interesting.

Speaker 7 (01:24:11):
You didn't find a comedian describing Puerto Rico as an
island of garbage funny.

Speaker 2 (01:24:15):
I did not know. And Tucker Carlson seemed literally insane.
And so just look at go back to look at
Tucker Carlson.

Speaker 7 (01:24:25):
Just look at it. You don't even have to listen.

Speaker 2 (01:24:28):
Look at the way he talks and moves his head.

Speaker 7 (01:24:31):
You know, we come at the frog starts waving his
arms all around the place. And if I.

Speaker 2 (01:24:35):
Would have been prepared personally, five minute Q pop in
half an hour before the show, get a beer and
go let's see what this is all about. But nine hours,
there is no amount of anything that he could have
delivered that would have justified my presence there with me
walking away going that was an historic moment, or I've
changed my mind on the vote, or I am now
going to vote because of that. Nothing. There was nothing there.

(01:25:00):
So I just wonder what the point is short of
providing material yet again for the media to go. And
Trump was in New York, and Harris was in Michigan,
and then Trump was in Pennsylvania, and Harrison was in Wisconsin,
and Trump was in Arizona today and ten minutes away
from nine the.

Speaker 10 (01:25:17):
Myke Hosty Racist with Bailey's Real Estate hughs talk CV
Seeing the Apprentice movie Micah five star movie of Trump's
start and building his empire, great acting, highly recommended, Grahame.

Speaker 2 (01:25:27):
We featured the promo a week or so back on
the program. My sister in law's seen it, but I
understand at this present point in time it's only in theaters.
I think I'm correct in saying she said it was good.
It's getting quite a good review, quite a good buzz.
The guy who plays Trump's very good. And I will
see it, but I don't go to movie, so when
it comes to a streaming service near me, I will
be availing myself of the opportunity. Mike, are we or

(01:25:50):
are be sure that Lawson's a better driver than Yuki? Well,
certainly up to yesterday, we are, because I I don't
know if you saw Yuki yesterday, but he didn't get
past the first straight away, he drove about five hundred
meters and crashed. So yep, I reckon Liam probably on

(01:26:10):
the day if you're in fact. Even though it went
wrong for Liam with Colopinto, Liam was the second most
successful Red Bull driver because he beat Perez and he
beat Yuki. So job number one beat Yuki, job number
two beat Perez. So job done, Mike, I reckon Max
wants Liam as his team made. As soon as Liam
pass Sujio, it was all over. So yeah, and do
understand the Sugio thing and some of the media. What

(01:26:32):
I'm loving about the local media in this country at
the moment, by the way, is suddenly they've all become
fascinated with F one a all of a sudden, having
ignored it for years and not having the slightest idea
what a nose cone is from an exhaust pipe. Suddenly
it's left, right and center coverage. But do understand that
when they were trying to make something of the Perez
thing yesterday. Perez is a man under tremendous pressure, and

(01:26:55):
he's got a twenty two to twenty three year old
up his tailpipe about to take his job. Things are angsty,
and that's where a lot of that comes from, of course,
five Away from.

Speaker 14 (01:27:03):
Nine trending now with Chemist Wells keeping Kiwi's healthy.

Speaker 17 (01:27:08):
All year round.

Speaker 2 (01:27:09):
I got Apple News. We've got some Apple Intelligence being
rolled out today. So you need the right device. Unfortunately,
so to get the Apple Intelligence, you need to have
the latest iPhone or iPad or or the all new iMac.

Speaker 26 (01:27:25):
The new iMac features a fresh new set of beautiful colors.
It has even more performance and with Apple Intelligence, it's
the world's best on in one.

Speaker 7 (01:27:33):
For AI one for AI.

Speaker 2 (01:27:36):
So the new iMac much faster, more powerful. But as
as my kermit esque friend alluded to some colors, it
comes in.

Speaker 26 (01:27:46):
A parade of new and playful colors that are more
beautiful than ever. And it's so much fun to pick
the color that matches your vived and add a pop
a personality to your home or work speed.

Speaker 2 (01:27:57):
Honestly, do they can you? There must be apartment they
sit there. If I say a pop of personality, do
I come across as a dick?

Speaker 9 (01:28:05):
No?

Speaker 2 (01:28:06):
Not even a little bit.

Speaker 7 (01:28:08):
Well, I can think we know what color matches.

Speaker 2 (01:28:09):
Your vibe, green, orange, pink, purple, blue, silver, and yellow. No,
not yellow, depends what sort of yellow it is.

Speaker 7 (01:28:22):
No, it doesn't. Nobody wants yellow.

Speaker 2 (01:28:25):
But well, sales would tell you that, wouldn't they wouldn't
they be able to go that we made ten million
iMacs and two people bought yellow, and therefore let's dump
the yellow. Isn't that what they do with cars? Now
here's my question. You can pre order your iMac at
twenty four hundred and ninety nine dollars. That strikes me
as a reasonable price because I think a little eyepad
you can pay just as much, can't you, Well, you.

Speaker 7 (01:28:46):
Can, It depends how much storage.

Speaker 2 (01:28:48):
And yeah, pad for Mac, Pad for Mac Max seems
a bitter bang for buck than a Mac.

Speaker 7 (01:28:54):
Well, you do get a beautiful large, yeah.

Speaker 2 (01:28:57):
Big screen, big screen with a big keyboard.

Speaker 7 (01:28:59):
And look important and the color that matches your vibe
and a.

Speaker 2 (01:29:03):
Little popper personality or popper color and what anyway, if
you want to order any of that, it's in stores
Friday week, that's this coming Friday, the Friday after this
coming Friday. But if you had AI, but.

Speaker 7 (01:29:14):
You can pre order it now on the website.

Speaker 2 (01:29:16):
Can your boots fantastic? Anyway? Back tomorrow morning, Wednesday morning,
already see how short week works. Fantastic as always Happy Days.

Speaker 1 (01:29:26):
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