Full Show Podcast: 27 November 2024

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Setting the news agenda and digging into the issues the
Mic Hosking Breakfast with Alveda, Retirement, Communities, Life Your Way,
News Talks, head be Ueen.

Speaker 2 (00:10):
Welcome.

Speaker 3 (00:11):
Today is ther day and what intact it has on
the economy Heading into the holidays. More doctors and nurses
are coming, genetics modification. We have a look at a
new report and about Mark and Jenny politics Wednesday after late,
of course, are at general c price.

Speaker 4 (00:22):
They will surprise you as well. Hosky, Welcome to the
middle of the week, seven past six. I'm afraid to
say that the cash rate announcement today from our good
friends and visionaries at the Reserve Bank might not be
the same excitement level as the first one. So if
you remember when the prospect of a cut first emerged,
there was a palpable lift in the mood based around
the idea that cutting was good news, and the good
news was driven by the fact the worst was over.

(00:44):
I think at that point many assumed that a lot
of other stuff would follow. Sadly, it doesn't appear to have.
We will get another cut today and the consensus seems
to be it'll be fifty points gold Blessed. Greg Smith
at Deboni's with us in a moment for a seventy
five point campaign, And oh how I wish he was right,
because he is right what he sees, he's not making up.
And as a result, this economy of ours needs a

(01:05):
good stick of dynamite under it. But fifty, it appears
it will be also coming. With the number is the
full barrage of commentary, and this is the bit the
wonks will pour over looking for clues about what lies ahead.
The tragedy is instead of a bounce, we seem to
have a stalling. Maybe it's a delayed reaction. Maybe the
bounce will come. But increasingly the banks see not just
confirmation of the recession for Q three but also Q

(01:26):
four that could be backwards as well. That, by the way,
would be seven out of eight quarters from the past
two years going in the wrong direction. No other country
we compare ourselves too, has managed anything close to that.
Twenty twenty five has growth, they say, but barely. It's
not until twenty twenty six we start to see what

(01:46):
most of us would argue with some sort of normal
in the GDP department. Other countries, I mean, the likes
of Australia, the likes of the United States haven't had
a single recession, far less three and because of that,
their jobs market has remained solid, the spending has remained decent. Enough.
Is it possible? Is it possible we've had it so
bad we can't shake ourselves loose? The RB argument is
inflations under control, we can cut rates. Now, get on

(02:08):
with it. Is it the getting on with it that
we're afraid of? Have we been shell shocked so badly?
Not many actually want to take the first step. And
if that's the case, what does that say about the
political and fiscal management of this country?

Speaker 1 (02:26):
News of the world in ninety seconds.

Speaker 4 (02:29):
We are they say, standing by proceeds fire between Israel
and Lebanon. But meantime, now, what were the Israelis targeting?

Speaker 5 (02:42):
Has bela aerial defense unit center and intelligence center, command
center's weapons storage facilities and operations room and artillery storage
facility and terrorist infrastructure.

Speaker 4 (02:56):
So you can stop pulling the trigger and agreed, this
is what it looks like.

Speaker 6 (02:59):
The bombing has to stop on both sides, but particularly
Israeli overflight. His one lat is meant to move away
from the border zone. The Lebanese Minister of Foreign Affairs
said that there would be a surge of five thousand
Lebanese troops to the border areas outside.

Speaker 4 (03:15):
Although he isn't actually in the job yet. Tom Homan,
whose trumps new borders are He's up to the border.

Speaker 7 (03:19):
We're not waiting. In January twentieth, we're already planning or
what we're going to do to lock down the state
of Texas. Governor Abbits and a great jobs of our
luck here we go. Crossings in Texas is down a
really percent because of great work by Governor Rabbit.

Speaker 4 (03:33):
Then a Britain couple of things. One, having told you
yesterday there are a million people on benefits literally doing nothing.
Liz has a plan.

Speaker 8 (03:40):
This white paper starts to turn the corner on the
last fourteen years, putting forward the real reforms. We need
to get.

Speaker 9 (03:48):
More people into work and all not work to give
young people the very best start in life.

Speaker 4 (03:55):
Then two we come to John. John was the oldest
man in the world and he's just died. But before
he they asked him the usual question.

Speaker 10 (04:02):
Too much are you we too? Won't? Oh you war too?

Speaker 11 (04:06):
What?

Speaker 4 (04:08):
Too too much of anything? Suffer eventu words of wisdom.
Finally we have dictionary dot COM's word of the year.
It is demure. It beat out of the contenders. We
had bratt, brain, rotten, weird. Between jan and August this year,
demur was used twelve hundred percent more, largely thanks to
a TikToker who was fantastically annoying. Usually demurs used to

(04:32):
describe the scriptant was their behavior, but had taken on
a new life as a word associated with the person's
appearance and the way they act in public. That's not
the best word of the year. There's another word of
the year. I get a better word of the year
later that as new as the world of words in ninety.
In the meantime, eld John John Tinner's wood is his
name so no longer the world's oldest living person. We
don't know who the new oldest person is. He was

(04:52):
one hundred and twelve. He was in his Southport care home.
Lifelong Liverpool fan. He replaced one Vincente Parez Moro, who
died earlier this year at one hundred and fourteen. He
was born was John twenty six of August nineteen twelve,
the same year the Titanic sank unreally twelve past six.

Speaker 1 (05:14):
The mic asking Breakfast Full Show podcast on iHeartRadio, vowed
by News Talks.

Speaker 4 (05:20):
It'd be Doug Ford, who was momentarily famous for other
reasons that I can tell you about another day if
you're interested it anyways, Ontario premieer. He's just gone off
about Trump and the tariffs. He says it is devastating
quote unquote seven pmsh in Israel blink and says they're
into the final stretch. So presumably at some time tonight
the Cabinet in Israel's going to vote, and if they do,

(05:40):
will keep you posting fifteen pass from the Tariff's Group
with Ridgard Arnold. Shortly on the programmingtime at Devon Funds Management,
Greg Smith, Morning to you, Mornings your Mike right, Adrian's listening,
he's tuned in, loves the program. Give it to us
seventy five points, let's go. He was the fist time.

Speaker 11 (05:56):
Talking about this early October and was pretty much scoffed
at the sedition. Now there's a few more so saying
it's it's realistic. So I'm saying it's almost a.

Speaker 10 (06:03):
Forty percent chance. I'm sure about that.

Speaker 11 (06:05):
But let's just remind ourselves quickly of the logic. So firstly,
their mandate was changed last year to keeping inflation around
the two percent midpoint.

Speaker 10 (06:13):
It is there for the first time.

Speaker 4 (06:14):
It's March twenty twenty one.

Speaker 11 (06:16):
We've got non trade war inflation, that's the domestically driven stuff.
That's the last in three years. We're core inflation lower
since twenty twenty and you know, we get that oneful
monthly inflation data and that's coming soft since as well.
So we'll also have inflation domestically lagging the labor market,
unemployment that's rising. So you just take all that just
on its own, and we should be at the neutral rate,

(06:37):
which suggests it's around about three point seventy five percent,
if not less so right now. So that's it, I
guess in a nuturre the first point. But then let's
look at their secondary objectives. So we with outputting employment.
So we've talked about this over the past week or so.
So dairy's doing well, the price is there, sort of heading.

Speaker 10 (06:53):
Towards record highs.

Speaker 11 (06:54):
We talked yesterday about tivy fruit that's booming, but everything
else is doing it really tough. So manufacturing sect it's
been in recession for twenty months. You make some excellent
points about data and other countries. And you look at
our services sector. Everywhere else it's doing well. Ours is
in a bit of a whole. We've got confidence measures
picking up, but that's from a depressed base. And people
talk about what the Fed is doing. Don't worry about

(07:14):
that their economy is growing at three percent. We're in recession.
And they meet in December and January, the Fed people
talk about the RBA, Well, they didn't go as hard
on the way up, and met plenty bossies to say,
you know why we obsessed with this sort of boom
bust sort of cycle. Obviously we're in recession compared to them.
You look at China, they are apatche Trump's tariffs and
now sort of onths away. We'll talk about it in

(07:36):
a minute. Migration tale and they disappoint dissipating. The property
markets weak, and we talked a lot of businesses and
most of them are really struggling, particularly small to mid
sized ones, so they're hanging out for account Now. The
good news is if we do get a large cart,
it's going to flow through pretty quickly. So we've got
seventy five percent of new homeland flows currently carrying in
periods of one year or less, seventy percent refixing the

(07:57):
next nine months and just another point, Mike. Of course,
you know the APICENT does take you, I know they
can do an emergency meeting, but they do take a
sabbatical till late February. So yeah, it's really cool for
urgent action. And you know, people have talked about the
inflationy impact of Trump, but the ABEN set itself has
said it's manageable and it's marginal, so I think there's
nothing holding it back. So yeah, we're holding out for

(08:19):
a hero. But let's see if Adrian steps.

Speaker 4 (08:21):
Up well argue, then we do come to Trump. That's
a lot of numbers as this negotiating, you reckon is
this a starting point or what are we thinking?

Speaker 10 (08:28):
Yeah, I think it's a bit of negotiation here.

Speaker 11 (08:30):
So he's come out and posts on truth social that
he's going to impose twenty five percent tariffs on all
goods coming from Mexico and Canada into the US. So
he previously twenty percent on everything. China, He's previously said
sixty percent. He's now saying an additional ten percent. A
lot of it seems to be about you the inflow
of illicit drugs across the borders. He said that drugs

(08:53):
are pouring into our country, mostly from Mexico record levels.
So evidently Trudeau's beyond the to reassure about what they're doing.
China's also been on the phone, evidently to say that
they've made progress and counting narcotics efforts. But you'd have
to think this is all about sort of massive, sort
of bargain chips. I mean, it's just just doesn't seem
to be feasible if you look at the current rate

(09:15):
of tariffs at the moment, Yeah, we have thirty forty
percent tariffs on some things, but if you look at
the average rate of tariffs on ninety four percent of
use merchandise imports by value, it's two percent.

Speaker 10 (09:26):
So it's very.

Speaker 11 (09:27):
Different, and it's a bit back to the future.

Speaker 10 (09:28):
You know that the first chapter.

Speaker 11 (09:30):
Actually bring in large tariffs was actually George Washington, so
he put in five percent tax on all imports and
it's sort of receded since. So, yeah, what what Trump
is proposing hasn't been seen for at least a century.

Speaker 10 (09:43):
If not more.

Speaker 11 (09:45):
Of course, you've got the EU getting on the act
there imposing tariffs on evs from China. But this is
quite different, and it'll be interesting to see how China
responds when push comes to SHAV. I mean, they are
the use's second largest foreign creditors, so yeah, I think
it's probably more more about bargaining ships.

Speaker 4 (10:01):
I suppose right up, give us some numbers.

Speaker 11 (10:04):
So the dow at the moment, dear, we'll step back
a bit on the tariff announcement or tariff tweet down
down zero point four percent, forty four five eighty s
and P five hundred, but up point three percent six
thousand and seven. NAZEG up point four percents. Of tech
stock's pretty firm, but I think general mos it's down
seven percent, So old economy stocks under pressure. For one
hundred down point four percent, Nick down point nine percent,

(10:24):
A six two hundred down point seven percent. On the
news as well, ins X fifty we've had a good
run recently, but we were down point six percent thirty
one one four, Gold up eleven bucks, and oil up
forty one cents sixty nine spot thirty five. And the
currency markets where weaker against the US fifty eight point two,
up slightly against a dollar ninety point two, and sterling

(10:45):
forty six point four down slightly. So yeah, let's see
drum roll two BM.

Speaker 4 (10:49):
All right, stand by, We'll are you a drink if
you're right. Grigsmith, Devon Funds Management, we called up with
at the goal he went for a record last night
most valuable Maurory portrait New Zealand art history. So that
says something about the quality of the painting apart from
anything else, but be the fact that there's money out
there and people want to put it in. I mean,
the art market seems internationally to be going off at
the moment. Thoughts of a toe Hunger Portraits of Farrakota Tahuna,

(11:14):
painted in nineteen thirty eight three point seven five seven
million dollars, widely seen as his best work, first in
New Zealand to sell for more than three million. The
International Art Center who do most of this work, they've
sold fifteen goalies now for more than a million dollars.
Bidding began at two as a million and there were
sixteen bids. I can't find out whether it's local. I'm

(11:36):
assuming it's local, but I'll let you know if I'm wrong.
Six twenty one, you're at news Talk, said b come
there be a limit value, Our house.

Speaker 10 (11:45):
Cool.

Speaker 1 (11:46):
The Vike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talk Sat B.

Speaker 4 (11:53):
Update on the ceasefire for you. The G seven, of course,
is on in Italy as we speak, here's blinking.

Speaker 12 (11:58):
What we've seen today would not have happened without US engagement,
without US termination. So we're intensely focused on this. We
will be till the last day of this administration.

Speaker 4 (12:12):
So that's just seconds ago. There'll be politics at play here.
Of course. By the way, was at this time yesterday
I think it was that we were talking about the
Menindia's brothers. The Menandia's brothers were due back in court yesterday.
What a bust that turned out to be one. No resentencing.
They're having to think about it until at least the
end of January, I think January thirty. Judge didn't want
to go there yesterday and they needed a new district

(12:35):
attorney to have a look at all the paperwork in
their way. In two, of course, everyone in Los Angeles
went nuts. It was the so called Golden Ticket. There
was a frenzy because there are only sixteen seats in
the court, and so every man and his dog wanted it,
so all the trial watchers started queuing at five fifteen
in the morning, which was five hours before the court opened.
What I didn't know yesterday and we now know is

(12:56):
one of two things. One they weren't ever going to
appear in court anyway. They were coming viral link. So
if you're standing there for five hours to get your ticket,
sucks to be you. And then when you did get
your ticket and found out they weren't going to be
there by only going to be there by link, the
link broke, so they weren't there either. Sex twenty five.

Speaker 1 (13:16):
Trending now with chemist Well's the home of Big brand vitamins.

Speaker 4 (13:21):
Now Alec Baldwin has spoken for the first time in
three years. He's currently in Italy at the Torino Film Festival.
This has gone off and you'll hear why because Fox
got hold of it and they sort of melked it
for a good rack up.

Speaker 13 (13:32):
It's a very difficult time in the United States. Half
the people in the country are happy and half the
people in the country are very unhappy. But around the world,
what's happening you might not learn from the news television news.
In the United States. As a business, they have to
make money. There is a gap, if you will, in

(13:53):
information for Americans. Americans are very uninformed about reality. What's
really going on with the change, Ukraine is you name it,
all the biggest topics in the world. Americans have an
appetite for a little bit of information. That vacuum is
filled by the film industry. So I think right now
it's probably one of the most significant times in our history.

Speaker 4 (14:16):
How is it filled by the film industry. I don't
even know why I'm asking that question, because he didn't
sound like a pretentious twat at all, did he. I'm
assuming he's promoting Rust because one of the things that
the big question post the trauma was what happens to
the movie Rust? And then I read it, I don't know,
maybe a month ago. That's coming out and they're out
there promoting it, and the question has to be asked,

(14:37):
if it hadn't been for the tragedy, would you ever
have heard of Rust at all? By the way, we
can also confirm, because we were talking about this earlier
this week, GM and Cadillac in officially if one for
twenty twenty six Andretti's gone, there was clearly something going
on there. But anyway, they're initially going to run on
a Ferrari, and when they're sick of the Ferrari, they're
going to build their own engine. But if one as
of twenty twenty six is going to have eleven teams,

(14:59):
and that's before we get to genetic modification. Boy, is
this a show of diversity or what? More on that?

Speaker 10 (15:05):
Next, You're Trusted.

Speaker 1 (15:09):
Ho the News for Entertainment's Opinion and Mike a my
Cosking breakfast with the range Rover vi La designed to
intrigue and use togs.

Speaker 4 (15:18):
V Tyson Krupp. Tyson Krupp Steel a major major steel
producer out of Germany, and reminded this morning of just
how bad the German economy is under the socialist Government's
just collapsed. Anyway, there, I'm going to lose eleven thousand jobs,
forty percent of its workforce. They're no longer competitive. They

(15:38):
run up the usual line of we're not can't compete
with the Chinese. Labour costs are too high, taxes are
too high, energy costs are too high. So thousands of
people are losing their job. And then just a couple
of hours ago, Vauxhall Stillantas owns Voxel. These days. This
is Britain. The factory that they make this is in
Luton where they make Vans, Citron Pergo Fiat. One hundred

(16:00):
jobs are going and that's to do with the rules
around EV's and there are rules in Europe if you
don't follow the EV debating as well worth following that,
you've got to sell twenty two percent of your car
making product as EV's ten percent of events. If you
don't do that, you will be fined fifteen thousand pounds
for each in every ven you don't sell. And they
wonder why they're losing jobs. Twenty ten minutes away from

(16:20):
seven and that's before you come to TIFFs. And this
is going to be a major for the next couple
of years. Of course it's an opening bargaining ship. I
suspect Tom Trump's camp. But nevertheless, Richard over with the
update shortly meantime back here will enter the world again
this morning give the genetic modification debate. We've got a
report from the nz to IER commissioned by Organics New
Zealand that claims ten to twenty billion dollars in primary

(16:41):
sector exports could be lost. ORGANICX New Zealand CEO Tiffany
Tompkins is whether stiffanily. Very good morning to you.

Speaker 14 (16:48):
Nice to be here, Mike, thanks for having we.

Speaker 4 (16:50):
A survey commissioned by a group that says what the
group wants to say, Should I be suspicious to.

Speaker 14 (16:56):
FORW no no organic EXALTAIO. New Zealand asked the question.
We asked, you know, what is the potential risk that
New Zealand is facing. We've been trading as a nation
on a GM or GMO or GE free status for
a long long time and we wanted to know what

(17:17):
the risk is if we lost that status, and so
we hired and z I R. Because they're professional economists,
they're independent, and they came up with the data that
you see today.

Speaker 4 (17:28):
The data that you see today, is it rock solid
or is it Depending on how we do it and
why we do it and when we do it, it
might look something like this.

Speaker 15 (17:37):
Yeah.

Speaker 14 (17:37):
I think it's the starting point. There's a lot more
research that we need to do, but it's the first
look into an economic analysis because the government has not
done one, we have not seen one. So this is
a really great starting point for us to leverage and
start thinking strategically.

Speaker 4 (17:56):
About where do you reckon people are at with us.
Do you think people can They don't think people have
thought about it enough yet.

Speaker 14 (18:03):
Oh I think people care. I think farmers care a lot.
There's you know, there's a spectrum of where people stand
on the issue. But I think it's really important that
we that the government slows down, opens up the conversation
and includes farmers much more proactively so we can really

(18:24):
understand what the cost benefit analysis is, so we know
what we're walking into.

Speaker 4 (18:29):
Because at first blush, My argument would be that what
we do is high end, and high end will always
have a market and a good market that and therefore
that's probably where we need to hit down that path
fair enough on yes, yeah.

Speaker 14 (18:41):
No, New Zealand definitely carries a premium, especially with the
clean green image that we see in the report, and
that's something that the government has repeatedly said over and over.
You know, we need more value.

Speaker 16 (18:54):
For our Exportsaly.

Speaker 4 (18:56):
The counter problem is, you know, climate change, and everyone's
obsessed about that, and you've got to feed the world,
and one science can help feed the world. There's going
to be a lot of pressure on that though, isn't there.

Speaker 14 (19:04):
Yeah, And not all scientists agree exactly how genetic engineering
is going to play a role, and that they don't
all agree on how safe ge is. So really it's
up to the government to open up the conversations that
we can have a really great analysis of the science

(19:25):
and the cost benefet of opening up to g great
to talk.

Speaker 4 (19:28):
To you, Tiffany go well, Tiffany Tompkins, who's Organics New
Zealand CEO. All I would say is go into my
greenhouse and taste my tomatoes. Nineteen minutes away from seven
PASKI roll out this morning from NYOB Consumer survey. This
has got to do with the cash rate today, cost
of food, supermarket shop. Seventy percent of us are concerned
about that. Number one issue cost of utilities forty five percent.

(19:49):
Number two issue insurance thirty six percent, Number three issue
thirty percent of us are feeling the heat on rint.
Twenty three percent say the old mortgage is causing a
bit of a problem. Sixty percent cut to the ocr
will not make a difference to our budgets this festive season.
This is what I'm trying to say. Adrian's out there,
garn Oh, Inflation's under control. Who will smell the inflation

(20:10):
or lack of it, and we're going so well, mate,
still can't afford Christmas? Sixteen percent are unsure if today's
announcement would change anything. One in ten ten percent say well,
I'm stoked. I'm going to spend more of this Christmas anyway.
More on that after seven o'clock eighteen two.

Speaker 1 (20:24):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News.

Speaker 17 (20:29):
Talks it be.

Speaker 4 (20:30):
Can I say thank God for Chris Bishop Chips community
housing Providers, big announcement made yesterday. We'll have more on
that after seven o'clock and on a moment so sixteen
to two.

Speaker 1 (20:39):
International correspondence with Ends and Eye Insurance, Peace of mind
for New Zealand business.

Speaker 4 (20:44):
With Donald the Mistakes Morning to you, twenty five here
and ten there and fifty there and off we go.

Speaker 18 (20:50):
Yeah, man, a lot of money involved. Most would say
that a key reason for Trump's election win was the economy,
the rising cost of so many things due to inflation.
Here the inflation rates right now in this country is
two point six percent, and really so it to come
down A lot. Consumers have been paying for the war inflation,
of course through astronomically higher interest rates. So this has
hit the pockets of everyone with any dead or with

(21:12):
any plans to seek out credit as a biohoma, rocaa
or whatever. During the election campaign, Trump often spoke about
using the threat of tariff's to enforce border security and
to stop the flow of a legally supplied fentannel. So
it was not just campaign talk. Is sort of negotiating
tactic or does Trump intend to start another trade war?
He's done this in the past on his social media. Today,

(21:34):
Trump has up the ante seemingly by saying he will
impose massive tariffs on day one of his new presidency
on goods from Mexico, Canada, and China. Trump has often
said things like this.

Speaker 13 (21:45):
It's one of the most beautiful words in the whole world,
the word tariff.

Speaker 16 (21:51):
It's more beautiful than love.

Speaker 18 (21:54):
Love, or money. Trump makes it perfectly clear right. He
says all products will be hit, with Mexico and canic
exporters additional twenty five percent, with China facing a ten
percent levy. Trump played that tariff game in his first term.
You recall at that point he was targeting China and
specific goods with the tariffon steel and aluminium imports. Initially,
China retaliated by slapping tariffson food items. Then the US

(22:18):
responded with another fifty billion in tariffs, and China retaliated
with more of their own in a way that really
hurt US farmers and led to Trump giving bailouts to
farmers here twenty three billion dollars worth, So bottom line
that didn't work out so well for agriculture. Costs also
went up for consumers here. This time it is all
far more vague, Trump saying in his post today that
the new trade war is meant to hold the movement

(22:40):
of drugs and migrants. All three target countries have responded,
with Mexico saying it is ready to respond to react
and adding that drugs is an American problem. Trump and
his campaign claimed that Mexico, Canada, and Chinese suppliers would pay,
but in reality US importers of essential goods like car
parks would pay, and those costs were would go fairly

(23:00):
quickly to consumers. So some economists here are saying, if
this takes shape in the way it seems right now
to some, that could add up to an extra twenty
six hundred US dollars a year on average for consumers.
The same folks who voted for a government turned around
because of rising costs.

Speaker 4 (23:16):
Yes, indeed, then Elton John saw the interview yesterday and
he's got some real troubles, isn't they.

Speaker 18 (23:22):
Yeah, well, he's had a few health woes along the way,
but yeah, this is being talked about as he is
releasing a documentary on his epic fifty year career called
Never Too Late. But in that interview with American ABC,
he says he's been sidelined right now because of a
previously undisclosed problem.

Speaker 19 (23:39):
I unfortunately lost my eyesight in my right eye in
July because I had an infection in the south of France,
and it's been four months now since I haven't been
able to see.

Speaker 18 (23:49):
So Elton John is seventy seven. He's had well a
list of things. His hearing was a problem for time.
He had knee and hip replacements. But this is derailed
his efforts, is what he is.

Speaker 19 (24:00):
There's hope and encouragement that it will be okay, but
it's I'm kind of stuck in the moment.

Speaker 18 (24:05):
So Elton John has released thirty two albums during his
career to date, hopefully not the end of his musical road.

Speaker 4 (24:11):
No, exactly all right, might go. We'll see you Friday.
Appreciate it very much. Richard Arnold stateside old rockers Rod Stude,
if you haven't heard this morning, he's headlining Glasdow next year.
So if you lined up. I was saying the other day,
seven hundred dollars a ticket and you don't know who's there.
I would have paid seven hundred dollars for Rod Stewart
all day long. Morning, Mike, what's happening with Solar zero?
Very good question. There's plenty of coverage on it this morning.
They've gone belly up. Solar's zero is the biggest provider.

(24:34):
I'm open to correction, but I think from memory Solo
zero is the biggest provider of sola in this country.

Speaker 17 (24:39):
Now.

Speaker 4 (24:39):
I'm always fascinated, and there'll be people with contracts and stuff.
I'm always fascinated. Is that an individual business story? As
in other words, that you know the market's fine, but
they just weren't running their business particularly well or as
Solar a problem going forward in the Great renewables debate.
So look that up and inform yourself if you haven't already.
Turn away from seven on.

Speaker 1 (25:00):
My Costal breakfairs with Bailey's real estate news talks.

Speaker 4 (25:03):
There'd be a couple of things from the States you
should know about. There's a report out this morning from
a Senate subcommittee. Airlines a pocketed billions of dollars and
junk fees or what they call junk fees. Between twenty
eighteen twenty twenty three, five of the major players pocketed
twelve billion dollars things like seat selection United Airlines, for example,
this is the Senate Permanent Subcommittee on Investigations, United three

(25:25):
hundred and nineteen dollars for extra leg room seat. I
don't know. Is that a junk fee? If you want
a seat with extra leg room, and I mean it's
obviously one of those aisle seats are one of those
things next to the emergency exit. Why wouldn't they charge
you more for that? That seems perfectly normal to be.
Seat fees have gone become more and more expensive and farther,
reaching extra for additional leg room, aisle and window seats,
even selecting a seat in advance, compelling parents with minor

(25:49):
children to pay to sit together. Big fifty five page report.
I don't know what happens to Don't we do that here?
We've been doing most of that.

Speaker 20 (25:54):
Yet, Yeah, I've actually paid extra for extra leg room exactly,
so I go absolutely insane on a plane exactly.

Speaker 4 (26:01):
Thanksgiving meals, the classic Thanksgiving meal. The thing that most
fascinates me is how cheap food is in America, the classic.
First of all, the headline is that this Thanksgiving is
going to be cheaper to feed the family of ten,
So that's encouraging. So four to ten it will cost
you fifty eight bucks, which is five percent less than
it did last year. Turkey prices of what's come down

(26:21):
down five percent and then nine percent down from twenty
twenty two. Turkey, cubed stuffing, sweet potato, dinner rolls, frozen peas,
fresh cranberry, salery, carrots, pumpkin pie mix, crusts, whipping cream,
you know that's in a can, and some whole milk.
If you want to add ham and some russt, potatoes
and some frozen green beans, are you going to pay

(26:42):
seventy seven to thirty four, which is down eight percent?
But the turkeys is a pile of turkeys, and the
prices through the floor. Sixteen pound bird that accounts for
forty four percent of the overall cost. Do you know
how many birds there are two hundred and five million, which.

Speaker 20 (26:56):
Is weird because there's a survey out that says that
thirty five percent of Americans don't even like it.

Speaker 4 (27:01):
No, but that you do what you do. That's how
it goes anyway, work it through. Fifty eight bucks for
ten is five dollars eighty. A meal five dollars eighty.
You go to McDonald's Wanaka and see what you can
get for five dollars eighty and a guarantee it's not
turkey with all the with all the trimmings.

Speaker 20 (27:20):
That's better than the deal you get at the Walkworth
Pub on a Sunday.

Speaker 4 (27:23):
I reckon it is five minutes away from seven. That's usual,
the ins and the ouse.

Speaker 1 (27:30):
It's the fiz with business favor take your business productivity
to the next level.

Speaker 4 (27:36):
But the company at the Walkworth Pub, that's what you
can't buy. Where am I Black Friday? Let's talk about
that and all the people who get sucked in price
may have done some work. It's found out last year,
sixty one percent of the most popular products purchased in
the country. This is they were actually more expensive on
Black Friday than any other day of the year. I mean,
go figure thirty nine percent were at their lowest price

(27:58):
during the sale event itself only thirty nine percent of products, so,
in other words, sixty one percent of products were more
expensive seventy six percent more expensive on Black Friday. Seventy
six percent of products were more expensive on Black Friday.
iPhone eleven cheapest price last year was five hundred and

(28:19):
fourteen dollars cheapest pass on Black Friday, seven hundred and
sixty four sucked in good Samsung S twenty two cheapest
during the year nine to sixty eight on Black Friday.
It's your privilege to pay thirteen hundred and twenty five
dollars a dice and stick latest model last year, eleven
hundred dollars during the year fourteen hundred for Black Friday, headphones,

(28:41):
coffee machines, washing machines, whole bunch of other products all up.
Twenty seven percent of US distrust Black Friday Saving is
No kidding. Skepticism highest amongst those age twenty five to
thirty four and forty five to fifty four. However, those
who do believe the sales expect to get bargains on
average of forty percent were they are you really on fashion,

(29:02):
tech and home decor items. Mike, I believe the government
is leaning more to gene editing as opposed to GMO.
Imagine a gene edited to Marta that grew on half
of the required nitrogen, half the water, absorbing more of
the CT. Well, that's what I'm saying. During the interview.
Giving climate change and the occession around, the pressure is

(29:23):
going to be on how do we feed the world.
Speaking of feeding the world, I mean Dherant see the
most annoying celebrity outside of Baldwin this morning, give us
his voice to a cause, and then because of the times,
changes in mind on the voice to the cause any anymore.
So Bob's got to ring them up and going, please,
can you come on my song? If there's ever an
indication of how the world has changed Forty years ago

(29:45):
when Feed the World was started, they did it for
all the right reasons. Might have been a bit clumsy,
but they did it for all the right reasons. Forty
years on. The whining and the sniveling that goes on
simply to raise money for a good cause, you know,
and you wonder why the world's in the state it is?
Oh see, our time, let's do that in the moment.

Speaker 1 (30:04):
The newsmakers and the personalities the big names talk to
like the breast with Bailey's real estate, your local experts
across residential, commercial and rural news togs, dad be.

Speaker 4 (30:16):
Yeah, who's due to speak any moment, So that I'm
assuming is good news. Seven minutes past seven. Will come
back to it when it happens. Here we go for
the final time this year, back locally. Of course, ocr
cut is coming most likely fifty points. But the commentary
and the monetary policy statements your real gold.

Speaker 10 (30:30):
Of course.

Speaker 4 (30:31):
Former Reserve Bank economist Michael dell'sback with us. Michael, very
good morning to you, Mike.

Speaker 16 (30:36):
Fifty oh probably, but if they went seventy five, it
certainly wouldn't surprise me. I think it's a reasonable case
and making large atart good.

Speaker 4 (30:45):
I'm glad somebody else is saying that, apart from Greg Smith.
At the moment, what's neutral to you? And how quickly
do we get there?

Speaker 16 (30:52):
I mean, I think the Reserve banks fewer things somewhere
three two and a half and three is probably the
best guess. At the moment. We won't know we genuinely
when they're in class we've got there, and seeing what
the inflationary consequences are. But you know, if that's the
best guess of the number, I think we'll be there
by July August next year.

Speaker 4 (31:10):
Do you have any weight on this? We take a
very long summer recess off and this is probably not
a good thing for the Reserve Bank. And yes, they
can hold an emergency meeting, but they don't, et cetera.
Is there anything in that or not?

Speaker 16 (31:24):
I think of the margin, it might influence things a little.
I mean, it's a bad choice on their part. They
should have more even the space the meetings through the year,
but much the biggest influence will just be that inflesh
is turning now decisively coming down. I think the sort
of core inflectionment meads that don't get so much attention,
and I think the Bank will be drawing attention to
that themselves today whether they go for seventy five and

(31:45):
so the fact that they're not coming till February may
just make them a little more willing to make a
bigger call.

Speaker 4 (31:52):
Is there any disconnect that you're seeing in the economy?
Q four for some anyway, is not looking like maybe
some thought it would once the cuts starf another word,
the fizz. Isn't there is that a problem?

Speaker 16 (32:04):
I mean, legs are longer than that, so you wouldn't
expect a drop from the o CR to have made
observable difference to actually developments that quickly. Yes, it all
come through in the confidence measures, and some of them
have been a bit stronger others aren't.

Speaker 17 (32:19):
You know.

Speaker 16 (32:19):
Purchasing managers and DEXes, which are really quite important actually
surveying firms about what they're doing, are still very very weak.
But again it's not surprising. Rates were high for a
long time. Legs take a long time to work. We're
still going to see more fiscal consolidation next year, so
life's not going to be easy for anyone in their company.

Speaker 4 (32:36):
Probbly Well, I was going to say, one of the
main reports I read the other day said one percent
growth next year. Is that what you see ish Well?

Speaker 16 (32:42):
I mean, it's quite plausible. There's always a big margin
that the are there, and you know, it's what happens
in the rest of the world. But yeah, any recovery
looks like she's pretty gradual.

Speaker 4 (32:50):
And how would you describe that? Is that a landing
of softish nature, a crash, A what is it?

Speaker 16 (32:56):
I don't think it's either of those. It's sort of
mid range. You know, we've been very weak from ours
for years. Discusses on the unemployment rate as it goes
to five and a half to see it. Obviously, that's
way better than some of the peaks we've had in
the past. It's still tough for job seekers. It's a
genuine recession, all right.

Speaker 4 (33:13):
I always appreciate your expertise, Michael Ddell, former Reserve Bank economist.

Speaker 10 (33:16):
Of course.

Speaker 4 (33:17):
Ten minutes past seven, I get some pretty good news
on the housing price front justin I'll give you those
numbers in a moment, but I need to get to
the business of health. A little bit of help coming.
We've got an additional fifty senior doctors and seventy five nurses.
Association of Salary Medical Specialists Boss Sarah Dalton is withther Sarah.
Very good morning to you, Sheldon. Mike how A, I'm well, indeed,
I know what you will say. But it's better than nothing,

(33:39):
isn't it.

Speaker 21 (33:40):
Well, it depends effectively what the minister has announced. There's
fifty extra vacancies on an already very long vacancy list.

Speaker 4 (33:48):
Where are they getting them from? By the way, there're
a covert of seeing the doctors about the place.

Speaker 21 (33:53):
Oh I wish, wouldn't that be nice? All I want
for Christmas doctors?

Speaker 4 (34:01):
Are we bringing them in or training them do this?
What does this actually achieve?

Speaker 22 (34:07):
I know I hate to.

Speaker 21 (34:09):
Reign on the parade, but I really don't think it
achieved anything. I think it's really disappointing given that last
year's worksforce planned put out by Health in New Zealand
that I identified finally put a number on a shortage
of senior doctors in New Zealand seventeen hundred and that
included GPS actually, and they said, here's a number, this
is how many we think we need. And nothing that

(34:31):
has happened since has referred any way, shape or formed
through that data, or has attempted to address it in
any concrete or tangible way. And you know the minister's announcement,
you say, which is we're going to make up some
doctors for some areas in particular need. Well, you know,
we had one of our members on the radio yesterday
from Wiped up As saying we could take twenty of
those tomorrow. And that's one place. And of course the

(34:54):
same day we've got if I taught a consulting with
staff in the National Public Health Service Data and Digital
director at about tens of millions of dollars of planned
call them cost savings.

Speaker 4 (35:07):
Does any of that, by the way, before you phone
completely dies, does any of that come from if Lester
Levy finds millions, does any of that go to the
front line or not? Or is that just savings?

Speaker 21 (35:18):
Well, we think you're taking it from the front line.
There's nothing more frontline than our National Public Health Service.

Speaker 4 (35:23):
Well, yeah, you're generalizing onto it. We will think of
frontline as doctors and nurses, people who jab things into
my arm. If in the back rooms is what we're saying,
does that actually get to a doctor or a nurse?

Speaker 21 (35:34):
Well, I need to be really clear that the National
Public Health Service is really frontline. Like that is immunizations,
that is panic preparedness and response, it's border controls. You know,
it's a communicable disease. That is the real basics offline healthcare,
and we're in a hooping cough epidemic. Also data and

(35:54):
digital You may well call it back room, but the
real gains, other than finding enough staff, which is proving difficult.
You know, doctors, nurses, etc. Would be having amazing digital infrastructure,
amazing electronic tools that help our people do their jobs
sufficiently and better.

Speaker 16 (36:12):
At the moment.

Speaker 21 (36:12):
As a clinker, yes it is.

Speaker 4 (36:14):
But having said that, I don't want to argue with you, Sarah,
because it's Christmas and I also like you. But we
have no money and health New Zealand is bleeding to
a million and a half a month or whatever, it's
a billion dollars a year. It's a disaster. We have
no money.

Speaker 21 (36:28):
I guess the commissioner likes to talk about invest to say,
and I think given the wider economic indicators I was
listening to your previous interview, a health system that is
not able to care for people is a real additional
productivity drain on the economy. You know, people who have
well to work are again people who can't access care

(36:51):
who would otherwise be working and contributing.

Speaker 23 (36:53):
Is a problem.

Speaker 21 (36:54):
So I think this government really needs to think about
what are the basics of healthcare and you know what buildings,
equipment and people do they need to deliver because it's
better than a one year three year government term, right,
So we need a little bit of courage and a
little bit of foresight bit longer term.

Speaker 16 (37:11):
Can you here all right?

Speaker 4 (37:13):
Good to see you appreciate it, Sarah Dalton, which brings
me to an article, which brings me to the reaction
to the article, which brings me to the Prime Minister
and growing the pie, all of which I'll come to
in a couple of moments. Fourteen minutes past seven Pascal
Foot News on houses. I promise that I deliver. I
am the Santa Claus of the housing market. October Trade
me property data up up, uppitty up up up. Our

(37:35):
average asking price up three point one percent, strongest month
on month growth in three years. Selling quicker as well,
fifty nine days down from seventy. All but one of
the fifteen regions saw growth. Auckland four point two, Hawks
Bay two point six, West Coast Boom six point three,
Southland four point six. Even Wellington is up two percent.

Speaker 1 (37:59):
Quarter past the Hi like asking Breakfast full show podcast
on iHeartRadio powered by News Talks.

Speaker 4 (38:06):
At be Mike. How much is ever enough for healthcare?
Irrespective of the government, are they ever happy? Let me
come back to that, because it's not a bad question.
Seventeen past Wellington's famed City Council got together yesterday made
a few decisions. Twenty one amendments close to four hundred
million dollars worth of savings were identified in a good
old seven hour meeting. The plan is now to have
a new draft budget, apparently finalized by December seventeen. Council
of Tony Randall was there, Tony morning, Good morning. Did

(38:29):
the monitor make any difference the Crown monitor.

Speaker 23 (38:33):
No, he's sitting and monitoring, observing from the sidelines. But
we've had a meeting with him and you know he's
given us a view and I think he's going to
be a plus to our council.

Speaker 4 (38:44):
Good the four hundred million dollars in all the decisions,
was that a direct response of a bloke sitting in
the corner because simming and sent him there, or did
you finally wake up and get your back together?

Speaker 23 (38:53):
No, it was a result of us not saying the
airport she is, Look, we're going to sell the airport
she is to replace the emergency fund that we need
to keep some extra money inside in cases of an
earthquake or something. And we didn't sell the shares. I'm
not into selling the silver to pay the groceries. And
so I changed my vote. So we had to make
cuts to restore the emergency funding, and that's why we're

(39:16):
doing the long Term Plan amendment.

Speaker 4 (39:18):
Yeah that no, No, I get all of that. But
what I'm asking was those decisions that were made yesterday.
Is that because you're in the gun and the whole
country is now looking at you as a bunch of
incompetence or were you going to do that anyway because
you had to because you weren't selling the shares.

Speaker 23 (39:30):
Oh, we had to, and we took the advice of
our officers. But you know, the problem we have in
terms of the decisions is most of them Mayor's amendments
to what the officers recommended put money back in. And
so I'm really worried we haven't actually made the cuts. No,
certainly not the money that you've talked about.

Speaker 4 (39:47):
Is the Golden Mile ever going to be a starter
in any way, shape or form. Was Tori going to
die in the ditch over that?

Speaker 23 (39:54):
I think both are correct. Actually Tory put her put
the Golden Mile money back, and so it's no longer
subject to any consultation. She seems determined to get it,
to get it in and start being built without the
public having any say, and certainly before the election that's
coming up.

Speaker 4 (40:11):
So are things better or not really better? Tony?

Speaker 23 (40:16):
It depends what you mean by bees r think working
a little bit.

Speaker 4 (40:19):
More lighter, a foot bit more money saved, a little
bit more fiscally you know successful.

Speaker 23 (40:24):
No, No, these counselors are determined to implement green agenda
sort of stuff. They have not listening to the people
that we're demolishing the Begonia House are kind. We're looking
at demolishing the city's sea bridge, the mere and the
supporters seem determined to turn Wellington into Copenhagen with more
psycho ways, and in the meantime you're destroying the real Wellington.

Speaker 4 (40:47):
Nicely, put go well Tony Randall, Wellington City councilor his
net and Yaho in the ceasefire.

Speaker 2 (40:52):
And I'm determined to get our soldiers, our hero soldiers
or measurements, all measures to keep save their lives and
bring back victory. This is why I will bring an
agreement the cabinet. The duration of it will depend on

(41:14):
what happens in Lebanon and money. We keep whole freedom
for military freedom, and if its Butler will re arm itself,
we will attack.

Speaker 4 (41:30):
But for now this will cease five seven one.

Speaker 1 (41:34):
The mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talk Spy.

Speaker 4 (41:41):
Now we all know the Chemist Warehouse has low prices
across a huge range of products, but Black Friday next level,
So you're going to find better than the over prices
on the biggest brains brands like Swiss, Loureal, Neutral Life
and many more. The Imco Beauty Range Australia is leading
lucks for less Brain. That's an incredible forty five percent off.
If you love the Loreal pair of skincare range, they've
slashed that by forty five percent. Two Chemist Warehouses got

(42:01):
twenty five percent off the Serave range, thirty five percent
off of Sarno Special Treat for the little ones, thirty
percent off the Johnson's Baby range, and wildly they don't
forget to stock up on your favorite supplements as well.
Forty percent off clinicians, fifty percent off the Sanders and
vitamins are the toothbrush everyone's talking about the Colgate Pulse
Series one electric toothbrush half price, So be quick. Chemist

(42:22):
Warehouse Black Friday offer ends Sunday one December. Hurry in
store or online today. Stop paying too much chemist warehouse
asking tent before. Now if you can score, the government will,
as we mark one year this week, it is in
the area I think of common sense. Just this week
a cop shop in the heart of Auckland. Simple and
yet the biggest city in the country didn't have one,
and crimes gone through the roof and the CBD was

(42:43):
a disgrace. And now we got housing. A question the
previous government could never answer properly is when it came
to social housing, why did the government of the government
alone have to do it all? When there are providers
with vast experience and a chance to be a better provider.
Why wouldn't you tap into that? And so the announcement
that the government will do very things yesterday to get
community housing providers more active in the market. One work

(43:04):
differently with them around red tape and regulation. Two, hopefully
get the Reserve Bank to change the rules around the
money that has to be set aside by the commercial
banks before they lend it providers. Three maybe even help
with finance by backing them up themselves. So kieing Aura
turned out to be a debt laid mess, of course,
and that can happen when you put all your eggs
in one basket. This is another of these issues, by

(43:24):
the way, that no one disagrees that there is an issue,
i e. More homes are needing to be built. But
this isn't China. The state doesn't have to control everything
under labor. All that happened was that the Q grew longer.
Never have we seen so many people lined up for housing,
and yet never have we seen the line grow longer
because the chosen mechanism was failing, And even then they
didn't really bend to the obvious. The bigger question, of course,

(43:47):
is just how big should the state's role in housing be?
I mean, just how and why is that seemingly so
many tens of thousands of people can't seem to find
a roof to stick over their heads? Are we really
that poor, that deprived that the line has to be
that long. What this government seems to get is the
private sector are not ogres. The state doesn't have to
be the only game in town, and sadly, in rectifying

(44:08):
problems that are seemingly simple to rectify. Common sense isn't
all that common? Husking Mica is Tony Randall the only
sensible It's quite possible I hate to break this to you,
but property isn't the only way to build wealth or
growth the economy. I'm an independent financial advisor. Our balanced
portfolios on average are up fifteen percent this year, some
growth in the twenties over three years, four or three

(44:32):
or four. Where's the reporting on all of this, Well,
there's plenty of reporting on the market. We do it
every day on this program. For goodness sake. I bought
my first house and now a rental in Glenn and
it's twenty fifteen numbers, laconemic hip. If you want to
put your money in the market, you can do so.
No one's stopping you. But what I know is that
people are obsessed with housing in this country. They love
housing because not only can it give you a return
for lifestyle and retirement, but of course there's a roof

(44:53):
over your head. You can't put a portfolio over your
head because when it rains, the portfolio gets wet. And
so to you to say that putting money in the
market isn't a good thing and that's what's good for you.
How much is ever enough for healthcare?

Speaker 10 (45:06):
Now?

Speaker 4 (45:06):
In that is a very good question, which brings us
to Richard Prebble's column in the Herald this morning.

Speaker 10 (45:11):
Read it.

Speaker 4 (45:12):
He is referencing Dominic Stevens's speech from the Reserve Bank,
which he gave a couple of weeks ago and has
got tremendous coverage and all of the problems that the
government is facing at the moment, and why in fact
the Prime Minister simply say growing the pie might not
be the answer.

Speaker 1 (45:30):
The Breakfast Show You Can Trust, the Mike Hosking Breakfast
with Vida, Retirement, Communities, Life your Way, News, togsad Bet
bring them.

Speaker 4 (45:38):
It's away from My Politics where it say much Mitchell,
Timmy Anderson after eight meantime the status to the days,
of course, as we got the news forul re mp
nicky K passed away at just forty four, long battle
with cancer and one of your best friends, David Pharah
is well, it's David.

Speaker 22 (45:52):
Very good morning to you morning Mike.

Speaker 4 (45:54):
And I'm not sure where I saw it, but your
piece you wrote yesterday about her that was delightful and
I hope that that helped a lot of people understand
more about her and your experience with her. How did
you become best friends?

Speaker 16 (46:07):
As you put it, well, I knew when.

Speaker 22 (46:10):
She was eighteen she was a young national and I
worked in partment and then she joined us in parliament
two three years later, so we became colleagues and she
the ended, as all Kiwis do or most of them,
went to London for five years, and I went to
London a lot and ended up staying with us. I
think it was during that period there that we became
really close. We started doing some holidays together at the

(46:32):
C and there's also the period when just like being
in her twenties, she she started talking about I might
come back to New Zealand and stand for parliament.

Speaker 4 (46:42):
Amazing. Did she always ignore your advice?

Speaker 22 (46:46):
Yes, it was the one constant of our relationship. She
always wanted advice, but she generally already had a fairly
good idea in her mind what she wanted to do.
And standing for parliament I think was probably the great
example because we just all said, Auckland Central's been held
by Labor or their alliants for ninety years, it's never

(47:08):
been won by national and there's already a Nationalist MP there,
so we said, you won't win the nomination, you won't
win the seat. Why ain't go and look out a
nice seat like Rota Roa. Andy, though, had this belief
in herself and she was like, I think I can
win it.

Speaker 10 (47:24):
She did.

Speaker 22 (47:26):
She door knocked on I think every door in the
electorate and she also kept her as we know, for
the next four elections too. Des By never been what
you call a blue seat. I mean Auckland Central isn't Epson.
It's a very left leaning electorate. But so many people
there will give Labor or Greens the party vote that
also vote for Nikky.

Speaker 4 (47:46):
It gives it gives you an insight. She's what I
would call a very cross party sort. Everyone liked her,
everyone respected her, and you could you know, even if
you were in the so called wrong party, you still
got on with her and worked with her. And that's
who she.

Speaker 17 (47:59):
Was very much.

Speaker 22 (48:01):
And she did so much cross party work. She worked
with Louisa Role on same sex marriage, her and Kevin
Hagskin I think two years writing a bill to reform
the nineteen seventy adoption laws we had, et cetera. Nicky
was very much a national MP, but never thought that
all goodness comes from one party, and she was always

(48:23):
working across the course spectrum to try and achieve things.

Speaker 4 (48:28):
Where did she get a stoic nature from because I
thought she handled what happened to her extremely well, extraordinarily well.

Speaker 22 (48:36):
She had a bit of a tough childhood, was that
splits themilies, etc. And I think she grew up really tough.
In the defining thing with Nicky we talked before about
her ignoring advice was people underestimating her. When I actually said, look,
I don't know if he and were not consent, she said,
give us underestimating me like everyone else in my life.

(48:59):
And she told me about long list of people, including
her pe teacher who said you'd never be able to run.
Now if you don't know it, Nicky did, I think
keen marathons, the five coast to coasts. So Nicky was
always just one of those incredibly determined people in I
just saw a both who this morning some one seat

(49:19):
of her meeting Margaret Thatcha, and it just revived to
be there, probably two women who both went good to say.

Speaker 10 (49:26):
No to.

Speaker 4 (49:28):
Lovely thoughts. David, I appreciate it very much, David Farah.
And if you didn't see his piece, I can't remember
where it was, but look it up. It's a lovely
backstory of the things they did together. The places they
went and some beautiful stories. David Farah nineteen minutes away
from eighth Hosky, Tom Homan, the borders are has arrived
in Eagle Pass.

Speaker 24 (49:47):
No did Burton President Trump. President Trump's one badass president
to securest border and level we've never seen before. Gress
was down to a forty five year lows went down
between eighty three unprecedent of success. Joe Bain is the
first president in the history of this nation who came
into office in unsecurity border on purpose. This isn't mismanagement,

(50:09):
This isn't this isn't in competence.

Speaker 16 (50:11):
This is by design.

Speaker 24 (50:13):
So the first morning I walked on a smile online
face was day after elected when President Trump won. Because
he's gonna come back, He's going to finish his job
he started.

Speaker 4 (50:22):
I kind of like him already in a strange kind
I like Tom. I think Tom could be the rock star,
either that or McMahon's wife, one or the other. I
probably shouldn't refer to McMahon's wife as McMahon's wife, but anyway,
Linda's a woman in her own right in the Education Secretary.
But that's Tom Homan on the on the border. It
is I tell you what, I've got a really cool
update for you on the wannic McDonald's in a moment

(50:42):
eighteen to two, the.

Speaker 1 (50:45):
Vike Asking Breakfast Full Show podcast on iHeartRadio powered by
News talks at me.

Speaker 4 (50:51):
In shitification word of the Year. I'll come back to
that in just a couple of moments. So McDonald's wanakare
I talked about it yesterday, and this thing's going to
go ahead because you can't just go around stopping businesses
opening because we sort of like, especially in a beleagued
country like this, we like businesses opening anyway. So this

(51:12):
comes to us this way. So the rama, this is
everything wrong with the rama. Calling to Eric Crampton, our
friend at the New Zealand Initiative. So the District Council
in Queenstown notifies the National Public Health Service, which is
a wing of Health New Zealand of course, that McDonald's
wants to come into the area. So they use our
money to put together an eight page submission on what
should happen. They strongly encourage further meaningful engagement with the community.

(51:40):
Thanks very much for that. That's awesome. I don't know
how we would have come to that conclusion all by ourselves,
without your input and funded by the taxpayer. They also
remind the Council of its tetidity obligations to Kaye taihu
as man of Fanua. This is McDonald's in wanic. They're
concerned about the impacts of the men C and the
TE Now you're saying, what are they? And I wouldn't

(52:04):
have the slightest idea, and you know I couldn't give
a monkey's anyway. They are concerned about the impacts of
the MNC and the TNC such as McDonald's on planetary health.
So the fact that there's a McDonald's now opening in
Wanaka is going to make all the difference to the
planetary health. They recommend a comprehensive HIA once again, wouldn't
have a clue including cultural impact assessment to analyze the

(52:25):
cultural impact for the locals. We would like to see
such an assessment demonstrating that the utcomes for the individuals
and the community of Wanaka would mostly be positive before
granting consent for this proposed fast food. Can you believe
and Eric's one hundred percent right, this is what's wrong
with the RAMA. All that all I want to do

(52:46):
is open a business, employ some people, celibrate of food,
pay some tax, probably support a few charities. But ah no,
let's turn it into a circus and have every dickhead
and Wellington involved in how much you reckon it cost
to put together a submission like that. Apart from tens
of thousands of dollars.

Speaker 20 (53:05):
You reckon they can get away with not considering the
treaty if they promised not to do the Kiwi burger.

Speaker 4 (53:14):
Right Macquarie I gave you what was the word we
gave demure? Wasn't it demir Some the other Macquarie Dictionary
Their twenty twenty four word of the Year is in shitification.
What a fantastic word. They've been doing the word of
the year since two thousand and six. Cozy Libs was
there one last year til they went for a couple

(53:35):
of years ago, So in shitification became popular last year.
It was used in a blog post by guy called
Cory and he's the author of the Internet con and
he used it to describe how digital platforms become worse
and worse. Here is how platforms die. Firstly, they're good
to their users. Then they abuse their users to make
things better for their business. Customers. Finally, they abuse those

(53:58):
business customers to claw back all of the vade for themselves.
Then they die. I call this in shitification word of
the year, sensational living away from it, my.

Speaker 1 (54:09):
Costume, Breakfast with a Vita, retirement communities, and new to
b Why do I from my god?

Speaker 4 (54:15):
A new members bill, the Hairdressing Reducing Restrictions Amendment Bill,
I Kid you not, has been pulled from the famed
biscuit tin since two thousand dight. Apparently it's been illegal
to serve drinks drinks, any drinks in a hair salon.
Who knew National's East Coast MP Darna Kirkpatrick is behind
this particular bill. Rodney wainboss Julie Evans as well. It's
July morning, morning, Mike. Do you serve drinks?

Speaker 10 (54:37):
We do?

Speaker 16 (54:37):
Yeah.

Speaker 25 (54:38):
I don't send the police round though I didn't know
we weren't supposed to.

Speaker 4 (54:41):
So so if I asked anybody in your salon or
series of salons, is it legal or illegal to serve drinks?
None of you would have known one way or the other.

Speaker 25 (54:50):
They wouldn't have said it's probably legal, except if it
was alcohol and they knew there was license and laws
there so we don't serve alcohol.

Speaker 4 (54:57):
So you had never served alcohol, because I know a
place that as did serve alcohol. Is it like highly
illegal as opposed to just being moderately illegal if you
serve tea, I.

Speaker 25 (55:06):
Think it's probably moderately And it depends how much you save,
I suppose, and on what occasion. Maybe glass of bubbles
at the Christmas time.

Speaker 4 (55:14):
So when I when I sit down and with my
haircut and I just asked for a bottle, open up
the bottle. That's probably a bit existive, you.

Speaker 25 (55:19):
Think, possibly what do you say?

Speaker 8 (55:24):
Time of day?

Speaker 16 (55:25):
Is my?

Speaker 17 (55:25):
Well?

Speaker 4 (55:26):
Does it honestly?

Speaker 10 (55:27):
Really? So?

Speaker 4 (55:29):
What do you do tea and coffee?

Speaker 25 (55:31):
We do tearing coffee, We do different flavored teas. What
interesting which I'm really surprised by, is we get visits
from the council before the issue certificate and we have
to have dish washes and things to be able to
wash dishes and cups and sauces to a certain standard.
So I'm just not sure why it was never brought
to our attention then and then following following COVID after lockdown,

(55:54):
we were recommended not to save tea and coffee when
the salons reopened because of contemnation and things. And again
we were never told we shouldn't have been saving what
we shouldn't have been saved.

Speaker 4 (56:04):
So do you think the people who were giving you
the advice didn't know it was a legal either?

Speaker 25 (56:08):
Absolutely, Even the Hair and Barber Association of New Zealand
they recommend us both saving ties and coffees directly after COVID.
So it was never, ever, ever, as far as I'm concerned,
brought to our attention that it was illegal to save
hot drinks.

Speaker 4 (56:23):
So it's the heat. So to get the legality of
it is the is the concern around heat? Is that right?

Speaker 25 (56:30):
No idea. I suppose it's if walking across with hot
drinks and or here going into the cups, perhaps maybe
to health and the safety thing. But all I know
is the clients love a hot drink when they're having
their heads on, especially if they're having a big service
like a color service, part of the client journey.

Speaker 4 (56:47):
Exactly whenever I get my hair called and there for hours,
what do you sue? Do you serve still unsparkling and
some salons yet and do you put a limon in
the water?

Speaker 22 (57:00):
Believe sometimes a sprig of mint.

Speaker 4 (57:02):
There you go, good on your dueling, nice and nice
to talk to you. She's lovely, isn't she? Julie Evans,
who's the Rodney Wayne CEO. The reason I asked about
the water is that where I go, they do the
water sparkling or straight, and they always serve it with
a slice of lemon. Up until recently, and I stand
to be corrected, they used to hand out a menu
and there were drinks, alcoholic drinks on that menu, and
I'm assuming somebody woke up to the fact that that
was probably not really kosher. I don't know that that

(57:24):
still exists, but they do tea and coffee. That've done
tea and coffee forever.

Speaker 20 (57:28):
I think, really there's an opportunity to sort of set
up a chain of speakeasy sellons, isn't there?

Speaker 26 (57:34):
I reckon go you really go underground with it.

Speaker 4 (57:38):
Very good done. All the people who texted me saying
you shouldn't be putting your money into housing and you
should be putting it into funds. Let me tell you
that auctions are back. This from one roof, just to
really rack you up this morning. Auctions back. The clearance
rates are back to normal. Christ Jute expecting a busy Christmas.
Clearance rates are strong over eighty percent Wellington. See Wellington,

(57:58):
you do the tender? Why you do a ten? And
Wellington tenders the worst way to sell a house. It's
the stupidest thing in the world, putting a price in
an envelope. It's not eighteen sixty three. Oh what do
you think That envelope says, Oh, I don't know. I'll
bet I'll do something more just in case I lose.
That's a silly way of selling your house. Anyway, they
favor the tender. But the auctions are back in Wellington.
I'm reading in one roof, so things tend to be

(58:18):
going well. Even in Wellington. They're clearing seventy one percent
of auctions at the moment. So what I'm telling you.
In Auckland, Wellington, christ Church, the auctioneers seemed to be thinking,
as we're heading into the summer period that we've got
a little bit of life coming back. So that's encouraging.
Then I come to Winston Peters. I probably won't raise
it with Mark and Jenny because we've got some other
stuff to do, but there's a beautiful piece. I am
more in love with Winston Peters every day. And I've

(58:39):
said that before, but he's he's been in Europe, he
has been to Guess how many countries by the end
of this week. Guess how many countries in the one
year of being foreign minister. Guess how many countries he's
been to? Thirty eight? Come on. Six of those countries
he's visited twice. The Indonesia he has been three times.

(59:02):
Eleven major international forums he's been to, you know, the
un assemblies, he's visited of fifteen of the seventeen Pacific
Island Forum member countries. The only got to go to
Kirabas and New Caledonia, but he's been to all of
the rest of them. He no one has traveled more
than he has. And as I quoted, I think it
was Amori Brady the other day from the university. She

(59:23):
says he's got a worldview, and so few foreign ministers
in this part of the world have had a worldview,
and he has walked the walk. When it comes back
to re engaging with the world, ask yourself, how many
countries did Nanayama who to go to? And I'll tell
you this for nothing. It wasn't thirty eight news for

(59:43):
you in a couple of moments, and then we'll do
politics Wednesday, Big.

Speaker 1 (59:47):
News, bold opinions, the Mike Hosking Breakfast with the range
Rover villa designed to intrigue and use togs'd be I, says.

Speaker 4 (59:58):
Disl You're getting quite a bit of heat from the
real estate community on my comments about teams do the dues.
We'll come back to that if I have time. The
Coward Brothers are a moderately interesting concept. They started in
nineteen eighty four. It's Elvis Costello and t Bone, Vernette
Costello and Burnette, and then they called themselves the Coward Brothers,

(01:00:22):
and then by nineteen eighty five they had a single,
and then they started making up a backstory about who
they were. Even though you knew who they were, wasn't
really who they were, and so they were claiming they
wrote a huge number of classic country in blues songs
that are traditionally credited to other people, none of which
is true. Anyway. After what appears to be a hibernation

(01:00:43):
of some years, they've come out now with the Coward
Brothers as that's them, plus that's the name of the albums,
and there's quite a lot of cracks there's twenty of them.

Speaker 17 (01:00:53):
Serve them yastra.

Speaker 4 (01:00:58):
Like licorice. That's not this one. It sounds like your course. Anyway,
there's twenty tracks in this fifty five minutes worth. There's music.
So that's something that thinks about for Christmas. Mark Mitchell's
well us. Jenny Anderson, good morning, good morning, good morning, Hey.

Speaker 10 (01:01:13):
Good morning morning, Jimmy, good morning to you.

Speaker 8 (01:01:15):
Bath.

Speaker 4 (01:01:16):
You've you first.

Speaker 10 (01:01:17):
Mark.

Speaker 4 (01:01:17):
Nikki Kaye thoughts.

Speaker 10 (01:01:20):
A force of nature. You know. I think we're all
devastated to hear of losing her. But I sort of
went back and reflected last night.

Speaker 27 (01:01:30):
When she was diagnosed with breast cancer in twenty sixteen,
I started texting her every morning, just sending her a
message of support, and we did that right through her treatment.
So I went back and had a look at those
texts and reflected on that she's just a special lady.
I mean, we also lost someone called Ellen Towe's very
special to us in the National Party. He was a
leader in the party, wasn't a he wasn't an MP.

(01:01:53):
She was very very close to Ellen, and we lost
Ellen in twenty nineteen. So I sort of think of
them together now looking down and critiquing us, uh, you know,
and in making sure that we're doing the right thing.
But she was just mat she was just a She
was an amazing lady. I remember during her treatment, I
was on I was heading up to India with JK
on a trade mission up there, and I was cheering

(01:02:14):
the Foreign Afairs, Defense and Trade SEP committy at the
time and would have liked to have become a minister.
And she was in the midst of her battle and
she was sending me a full strategy on what I
needed to do to become a Minister of Press JK
and go to Camden so and and the other thing.
Just very quickly, David Farrish had a story about you
know her in our quarterly meetings with the mayor. They

(01:02:36):
were so funny. We'd all turn up there, all the
international Peace would turn up. Nicky would be there and
we quickly worked out that it was we were there
to support her while she brought her long list laundry
list of issues for the for the mayor. She was
just and and just the last thing, Mike, I mean,
we all talk about it, but she won that seed
of Auckland Central just through sheer hard work and guts

(01:02:58):
and that's exactly what she was all about out and
let's se how she lived her life well, said Jenny.

Speaker 8 (01:03:03):
I just her energy. Amazing to see a young woman
who was so passionate and driven and she made you laugh.
She had the ability and select committee just to cut
to the point and crack a joke. I'm not afraid
to laugh at herself, and I think that's always a
strong asset to have as a politician. But the one
thing I'll always be so thankful for is the stance

(01:03:26):
she took on Great Barrier Island. I spent part of
my childhood there and it's a place close to my heart.
So the fact she stood up against mining and really
took a strong stance, even though it was against her
own party, I've got huge admiration for the strength encouraged
that took.

Speaker 10 (01:03:41):
Speaking well just on that, Genny just reminded me of
something just really quickly.

Speaker 27 (01:03:47):
Years ago, there was a protest march for in dog
owners came up because they're using beagles to test pharmaceuticals
and rake up and things like that, and they decided
that the march was going to be through my electric
to my Electricate office, and I remember feeling really strongly
about that. I'm a dog lover, and so I decided
to join the march and I rung Nicky and I said,

(01:04:07):
what do you think because it's kind of going against,
you know, our position, and she goes, just go for it.

Speaker 10 (01:04:13):
So I joined the march. We all got to my
office and.

Speaker 27 (01:04:15):
Everyone had the loud speaker and they're calling out the
same Martin which will come out and speak to us,
and said, hey, I'm back here.

Speaker 10 (01:04:21):
I was back at the march with my blent lad.

Speaker 16 (01:04:25):
You know.

Speaker 10 (01:04:26):
They were Okay, what do we do? What do we
do now? So yeah, but that was that was Nicky,
That was Niki.

Speaker 4 (01:04:31):
Yeah, awesome story. Now Ginny do you and it's just
people getting on with each other. There's very good piece
in the paper yesterday that explains this four year term thing.
And I'm not sure people understand the four year term.
You've got two things coming up, right. You've got Winston
Peter's vote on whether we want a four year term
or not. But you've got Seymour's idea, which from my

(01:04:52):
reading seems to switch to the power a bit, if
not a lot, around the Select Committee process and Opposition
MP's having more say and more input. One do you
understand that? And two is it a good idea?

Speaker 10 (01:05:07):
Yes?

Speaker 8 (01:05:07):
I read that article last night, so I do understand it.
I'm skeptical. I think it could be used for bad purposes,
just to hold things up, and you get situations in
other countries we get a gridlock where as the government's
got power on one level but not on the other,
and it can be a check of power, can work
in a positive way. But my view is that our

(01:05:28):
select committees actually work pretty good right now. And I'm
saying that as an opposition member. So we tend to
collaborate and work together to make a bill as workable
as possible under the current settings. So my concern would
be if you flip that around and enabled opposition MPs
like me to have an oversight and how a bill

(01:05:49):
would be reported back to the House, that could be
that could be problematic, I think, and I'm thinking of
it as government and as opposition that we're at we
actually worked to either pretty good now and so I
wouldn't want to fix something that's not I don't think
it's broken.

Speaker 4 (01:06:05):
Okay, let me get your view in a moment, Mark,
Mark Mitchell, Ginny Anderson thirteen past.

Speaker 1 (01:06:09):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio, Power
By News TALKSB.

Speaker 4 (01:06:15):
News TALKSB sixteen past eight Politics Wednesday, Jimmy Anderson, Mark
Mitchell Mark your view on on four year terms in
Seymour's idea.

Speaker 10 (01:06:23):
Well, look, I'm not going to form a few and
it's going to go through a process.

Speaker 27 (01:06:26):
But the one thing I do agree with with Jinny
on is that I think that the Select Committee process
is really robust.

Speaker 10 (01:06:33):
It's an independent committee.

Speaker 27 (01:06:35):
It's a great way for the public to interact, to
make submissions, it's all reported, it's all public, and it's
a great check and balance for us.

Speaker 4 (01:06:41):
Are you whipped too much? In general? I'm just thinking
about your march and think things. I mean, you look
at places like America, to a lesser extent, Australia where
just because you're national, you don't have to be national national,
you know what I mean.

Speaker 27 (01:06:53):
I think, Look, collective responsibility is very very important, that
discipline is important. People want to get a sense that
the part these are united and they're very clear eyed
around what they're trying to achieve and what they're trying
to do. But I think there are times Also when
you go to the party when you feel very strongly
about something and say, can I take a different position
on this? And I know that the National Party is
always very open to that. But it's got to be

(01:07:14):
a discussion. It's got to be discussion with everyone.

Speaker 4 (01:07:16):
Yeah, it's part of the it's part of the coalition deal.
Do you think that what Seymour wants to do is
going to be contentious or not? What do you only care?

Speaker 10 (01:07:28):
Look, that's something for the boss to work out.

Speaker 8 (01:07:30):
You know, yes, said you're going to be whipped.

Speaker 4 (01:07:36):
Yeah, exactly, you're whipped into submission.

Speaker 13 (01:07:38):
Mark.

Speaker 4 (01:07:39):
Do you do you think it's contentious, Ginny?

Speaker 8 (01:07:42):
I think it is contentious because it's completely overturning what's
been quite a long history of how Select Committee's work.
And I think ourthelet committees are pretty awesome. We have
great staff at work on them and it's a very
open process, as marxis, the public can come in.

Speaker 4 (01:07:58):
But just to argue the case, it's a jack up.
I mean, the government of the day has the power
and if you're against something, you'll be heard to be
against something, and whatever the government tries to do, they're
going to do well.

Speaker 8 (01:08:08):
You know, I would have liked Mark to have come
to scrutiny Week next week, but our committee didn't even
get to that was yeah, that's next week.

Speaker 4 (01:08:16):
Yeah, fantastic, because what wasn't the last year was first
year was first scrutiny week.

Speaker 27 (01:08:21):
It's it's nice to hear that. I'm surprised to hear that, Genny,
Jenny wants to see me that that was.

Speaker 8 (01:08:27):
So we didn't even get to invite them.

Speaker 4 (01:08:30):
No, because you all agreed, you both agreed that scrutiny
Week last year was a was a smash.

Speaker 8 (01:08:34):
It didn't you, Well, we do it twice, so you
do the budget and now you do that and you
you got twice a year.

Speaker 4 (01:08:39):
So two weeks, oh, well, was it too late to invite?
Now invited?

Speaker 10 (01:08:44):
Now?

Speaker 4 (01:08:44):
Ginny say, come on mate, come along Mark.

Speaker 8 (01:08:45):
Would you like to come along to scrutiny We.

Speaker 27 (01:08:48):
Well, I will be at Scrutiny Week next week, but
I'm not going to overhaul the decision of the committee.

Speaker 10 (01:08:53):
That was the decision of the committy.

Speaker 8 (01:08:55):
Okay, so we can't even byecause we don't.

Speaker 4 (01:09:00):
We'll see that you're arguing against yourself, Jenny, because the
national the national majority is of course exactly what Seymo's
trying to change.

Speaker 8 (01:09:08):
Yeah, so maybe we would have more scrutiny. Maybe there
is some. I just think that the problem you've got
is you'll get more politics are played already, but I'm
more thinking of legislation and how it's scrutinized as opposed
to just scrutiny. Week but you're talking about a bell
and how it's returned to the House.

Speaker 27 (01:09:23):
The one thing that I can say which is great
is that our democracy in New Zealand. Ministers probably have
the highest level of scrutiny just spit anywhere in the world,
and I think that's the right thing.

Speaker 4 (01:09:33):
It's yeah, I think that's fair. C GT this weekend.
First of all, Jenny, where's the conference being held? Christ
yet and whereabouts? Nice place, good food? What's going on there?

Speaker 8 (01:09:43):
I think it's just an overtail. It's just in the
central setting.

Speaker 4 (01:09:46):
The right of an overtail, lahbortail is very nice and
of course it's walking to everything. Are you going to
vote for the CGT to move forward?

Speaker 8 (01:09:52):
As they say, I'm not telling you how I'm photing.

Speaker 10 (01:10:00):
I love it.

Speaker 26 (01:10:01):
How I think it's what.

Speaker 8 (01:10:03):
I think there's a good discussion that's been taking place
over the past year, and we'll have a good threshout
on the conference floor to make sure that we've got
some good decisions.

Speaker 4 (01:10:12):
What's your vibe about how the vote will go? Will
it go forward as an idea to be taken to
the election? You think or not?

Speaker 8 (01:10:19):
I think there's some robut views on both sides, and
I think I'm quite I think. But the thing that's
interesting is it's taking New Zealand kind of twenty years
to start to say, well, maybe a capital gains text
isn't such a bad idea. But here I think is
a growing public.

Speaker 4 (01:10:33):
Yeah, because the problem is if you don't believe in something,
how do you If you can't even tell us how
you're going to vote, how do you sell it?

Speaker 8 (01:10:42):
Because we don't talk about how we're internally voting. It's
not because I don't believe it. I think we've got
a significant problem in New Zealand that we have an
aging population and not enough tax to pay for the
things like O he So we're going to text them
all as well. You need to do something marked to
increase the textable To.

Speaker 4 (01:11:00):
Me personally, Jennys are just as an exercise to.

Speaker 8 (01:11:02):
See where that goes well, Mark can't pay for the fairies.
Nicholas canceled them. We have no boats.

Speaker 4 (01:11:08):
Yesterday by December thirteen, it's all on. Do you know
the deal?

Speaker 10 (01:11:14):
Mark?

Speaker 4 (01:11:14):
Do you know the fairy deals have gone through Cabina?

Speaker 10 (01:11:16):
No, I don't know. I'm not involved in that. No,
I don't know they deal so can They wouldn't.

Speaker 27 (01:11:21):
But we're putting that position because we're just about every
single project we hear it. It is a messive blowouts
because it's been very poorly managed in the government. The
previous government failed to take decisions on it. We're taking decisions.

Speaker 4 (01:11:33):
Politics on your behalf.

Speaker 8 (01:11:35):
And that's also also where he sent blame the others
after a year mark. After a year mark, stop blaming.

Speaker 4 (01:11:46):
They get the first term, Jenny. My rule is the
Hosking rule of thumb. As you get the whole first term,
to blame the last lot. Okay, you had six years, Frank.

Speaker 10 (01:11:57):
We're to take a lot of We had to pick
a lot of the year. That's for real. But look,
we're looking forward and I'm really please. I'm very proud
of our police service. I'm very proud of what they're doing,
and we're tracking in the right direction.

Speaker 4 (01:12:06):
All right, we'll catch up next week. I appreciate your
time as always. Make make sure Jenny Anderson and we'll
see how the see how the vote goes in Christ
you just this weekend for the Labor Party Gate twenty two.

Speaker 1 (01:12:15):
The Mike Hosking Breakfast with the Range Rovere of the
Line News Talk TV.

Speaker 4 (01:12:21):
Twenty five. Mike, my sixteen year old son met Nicki
Kay through Blue Nature and Education and initiative founded by Nikki.
Over the last eighteen months, she's changed his life and
surely many other students as well. She cemented his love
for the ocean, a marine environment, and restored his faith
in learning and making a difference. Her legacy lives on.
It's very nice. Thank you for that, Mike. I agree
with you. Tender has always seemed to me to be
a somewhat corrupt process. If you want to know what

(01:12:42):
your house is worth, put a price on it. We'll
put it up for auction. Mike, Tender's work well, when
you understand the concept, bring me. I'll put you right.
I'm not sure. I don't understand how it tender works.
It tender works as there's a certain date and you
write a little number down on an envelope and you
hand it in and then somebody rings you on the
day and you either win or you haven't or you
got class, and then you have a little negotiating process
and stuff like that. Am I wrong, Mike? You're wrong.

(01:13:04):
Tender is not the silliest way of selling a house.
I've been a real estate agent. I've seen many tenders
where the winning offer is far far higher than the
next top offer in an auction. Well, yeah, but that's
not the point, is it. That's that's that's only from
one side of the equation.

Speaker 27 (01:13:18):
I e.

Speaker 4 (01:13:19):
Some dumb SUCKI you've found to put some figure that's
not real.

Speaker 26 (01:13:22):
And how many of you seen that worn't higher?

Speaker 10 (01:13:27):
Yeah?

Speaker 4 (01:13:27):
Texter, can you tell me how many how many times
have you seen the number far higher?

Speaker 26 (01:13:31):
I mean, it's basically just a blind auction, exactly what
it is.

Speaker 4 (01:13:33):
You just pick a number, Mike. I totally agree with
you regarding the McDonald's proposal for Wanaka. It's been the
same in Traw with BK BK t raw kill the
vibe get over at people, more jobs out of business,
availability of food for locals and tourists to like outside
of ours, No other options available. Very good point. What
are you doing tra You know what you do in
Trah go to the b K. They the flame grilled,

(01:13:55):
They do the flame. Yeah, they're the flame grill.

Speaker 26 (01:13:57):
You do the flame flame grill feeling.

Speaker 4 (01:13:58):
You do the fame girl feeling and tea rounds. Tell
what's happening this morning in Australia, which is really interesting
given what's happened in Italy and happened to the UK.
So a whole lot of people turn up in these
countries and you want to get rid of them, and
you don't know how to get rid of them, and
you can't, so it becomes a political nightmare and often
government to lose government because of it. And Italy they're
shipping them up to Albania. In the UK they tried
to ship them off to Rwanda, and they pay these

(01:14:19):
countries to take them. Then of course all the human
rights lawyers come in and tie the thing up and
caught for years on end. And both those two examples
I've given you are a complete met So I announced
this morning what are they going to do? They're going
to pay countries to take the people in Australia. Now
I want to know what country and how long before
the lawyers are involved. This is the breaking story in
Australia this morning. Steve Priced with the deats as they

(01:14:40):
say in t rah after the news.

Speaker 1 (01:14:42):
Which is next, demanding the answers from the decision makers,
the mic Hosking breakfast with Bailey's Real Estate, your local
experts across residential, commercial and rural news togsdad be.

Speaker 4 (01:14:57):
Next to no coverage and it can't work out why.
But also I mentioned did mention christmass announcement on the
community house providers the chips yesterday, so that was a
wise move from the government and long over due. But
what he also announced yesterday was an investigation or what
they're officially calling an independent review into Sport New Zealand.
So Sport New Zealand have got a lot of question

(01:15:18):
marks around them at the moment, a senior public sector leader,
Brendan Boyle is going to be in charge of all
of this. They invest sport in New Zealand, if you
didn't know, a tremendous amount of money one hundred and
thirty one million in forty four sports in the last
four year cycle. They also invest a further seventy million
each year international sporting bodies, Regional Trust, Community Group's recreational bodies.
Here's the key to this. There are organizations that are

(01:15:41):
being funded that sit more at the recreation end of
the scale than the sports side. Some of them have
a pretty tenuous claim to help in getting KIWIS active.
So in other words, the inferences it's a bit of
a cash cow. And if you go along, and my
strong suspicion is that if you go along and say listen,
I want to focusing on some large people we want

(01:16:02):
to get out walking, and we've got a good plan.
Can we have some money, they then go yes, And
whether or not you ever get those large people out
walking doesn't really seem to matter. So the review is
on and not a moment too soon as well. Twenty
one minutes away from nine asking right, oh, let's go
to Australia. Steve Price, very good morning to you.

Speaker 16 (01:16:17):
Good ava.

Speaker 4 (01:16:18):
Now, poll, what have we got? Give me some numbers?

Speaker 17 (01:16:21):
This is a redbridge pole. Now I would just caution people.
We know how the polls have gotten so wrong in
the United States election, so we just need to be
careful because we're in that frenzy period pre election where
everyone's polling everyone else but Redbridge has been pretty consistent
and this poll shows that the mood of the country
is that it's headed in the wrong direction. Now that's

(01:16:41):
very bad news for Anthony alban Easy. It founded half
of all voters think we're going the wrong way, compared
to less than a food who think it's on track.
But and this is the interesting point, many of those
surveyed are Labour's traditional blue collar base. These are the
sort of people you know that walked away from the
Democrats in the US election. It seems, and I'm not

(01:17:04):
saying it will happen, it seems that the same sort
of mood is a foot in Australia right now. Redbridge
Pole found only six percent six of Australians agree strongly
that the government has focused on the right priorities, twenty
five percent strongly disagree, fifty two percent either disagree or
so strongly disagree with the idea of the Albanezi government's

(01:17:25):
got the right focus. So it's all about what the
government is focusing on. You can take that all the
way back to the defeated referendum on the voice. But
energy would be the other question that I think where
people are starting to get very nervous. We'll talk about
that in a sect. Fewer than one in three people
viewed the government's priorities positively. So this will be yet

(01:17:47):
another wake up call to alban Ezi and the timing
of an election. You know, I know I keep going
back and forward on this, but I just think he's
going to probably run full urnament now.

Speaker 4 (01:17:59):
But what I'll move, He has to because he's waiting
for the Reserve Bank. The Reserve Bank aren't going to
move till May. The question I'm interested in how trump
esque does doesn't become.

Speaker 17 (01:18:11):
Not completely Trumpes. But he's going to go a fair
way down that track, particularly on things like energy, immigration
and tax cuts. That's where he will go. Will he
do something like the tariff question we saw yesterday or

(01:18:31):
will he do something like, you know, completely shut immigration
levels down though he won't.

Speaker 4 (01:18:37):
See I was reading the Deloitte Access Economics people came
out the other day and Marles said he's going to
run a deficit of twenty eight billion. They reckon it's
going to be close to to thirty four. So they're
not running the economy right. So the people are right.
I mean, the people are always right, but I mean,
you can't argue with their economic performance. It's pretty ordinary.

Speaker 17 (01:18:56):
Yeah, And Charmers is going to have an end year
economic statement will be put out about where the numbers fall,
and then he's promising to do a budget in March.
If he is to do that budget, that same report
you refer to to Lloyd, it's looking like a forty
nine billion dollar turnaround in budget numbers from surplus to deficits.

(01:19:17):
So that's not a very good message to be taken
to an allege.

Speaker 4 (01:19:20):
I was reading early this morning and I did look
up the forecast around Australia. It didn't seem that hot
because the headline was, you know, brace yourself, there's a
heat wave, YadA, YadA, YadA, And I looked at it.
But Sydney's heading for forty.

Speaker 17 (01:19:32):
Well, I'm sitting in Melbourne and if you can hear it,
but it's pouring with rain here Sydney Western Sydney's headed
for forty today and the head of the Australian Energy
Market Operator a EMO, it's called warned that if it
gets to forty then we could have problems with power
threats and you could get blackouts. Now, is this just
you know, hyperbol or is it actually going to happen?

(01:19:55):
I mean, seriously, forty degrees is not particularly hot for
Western Sydney. But apparently there's a lot of maintenance being
done on three of the states for coal fired power stations.
That coal is still a backbone of energy in this country.
No one should no one should think otherwise. I mean
yesterday in Melbourne it was a very foggy morning and

(01:20:16):
there was absolutely no wind. Airport was even shut for
a while because of fog. Eighty percent of Melbourne's electricity,
and I looked this up, was being delivered by brown
coal and the other fifteen percent was coming from gas,
so you had ninety five percent from non renewables. What
happens when those renewables are not there? The lights are

(01:20:39):
going to go out.

Speaker 4 (01:20:40):
Exactly. We've got the same problem. One of the things
I don't envy you about australiare's a lot I love
about Australia, as you well know, but the cost you
pay for cars in Australia is ridiculous. And I'm assume
it's a tax related thing, is it.

Speaker 17 (01:20:55):
Well, there's a luxury car tax which shouldn't exist and
the only reason it was ever introduced was the protect
the local car industry when we made holds before.

Speaker 4 (01:21:02):
You don't have one.

Speaker 17 (01:21:03):
We don't make them anymore. So I don't know why
the electric car Texas still there. I know you're a
huge fan of electric vehicles. You'd be pleased to know
that dealers in Australia can't sell the electric vehicles that
are valued at seventy five thousand and over. Now what
are those? Well, the top range teslas are in that bracket.

(01:21:24):
You've got BMW, you've got Mercedes, you've got Vulva. The
reason they can't sell them is the country's about to
be flooded by cheap Chinese electric vehicles. So anyone who's gone,
oh well I might buy an EV, I might not.
So what you're going to have, which I find really fascinating,
is you're going to have wealthy suburbs. Think about the
eastern suburbs of Sydney or the Inner East in Melbourne

(01:21:48):
are going to be flooded with expensive electric vehicles. But
normal folks are going to go, well, no, I'll go
and buy thirty thousand dollars Chinese electric vehicle. So you're
going to have this great divide depending on where you
living what your income is. As to what people are
driving in electric vehicles, We're going to have something like
two hundred different types of Chinese electric on the market.

Speaker 4 (01:22:10):
You're going to have to change. I don't know people
have got the hit around. I've seen it on this
program many times. But when you buy a carr it's
particularly applicable in Australia because the residual value in a
car in Australia is way higher than it is in
New Zealand. But you're going to get this flood of stuff.
It's like buying a fridge. When you buy a fridge,
it's three weeks later, it's worth nothing. You just run
it till it's broken, then you toss it out. And

(01:22:30):
that's what is going to happen to a thirty thousand
dollars Chinese EV.

Speaker 17 (01:22:34):
Isn't it exactly what's going to happen with a Chinese EV.
You're right, you're buying something like your Apple iPhone that
eventually the battery gives up on you and so Apple
forces it to go and buy another one. Well, that's
exactly what's going to happen in electric vehicles. By the way,
the rental car was a Yaris cross and I booked
it yesterday.

Speaker 4 (01:22:51):
Good its customers, No, I think would you pay for.

Speaker 17 (01:22:54):
It three seven hundred dollars a day Australian not I
think twelve days or something.

Speaker 10 (01:23:03):
We have it.

Speaker 17 (01:23:04):
It's very expensive.

Speaker 4 (01:23:05):
It is expensive. Where are you sending these people you
don't want in Australia because I assume you followed the
UK and the Italian story and you're going straight to court.
But where are they sending them and how much you're
paying these people to take them?

Speaker 17 (01:23:16):
Well, this is an issue that I don't think is
completely agreed upon.

Speaker 16 (01:23:22):
Yet.

Speaker 17 (01:23:24):
We've cut immigration levels mainly through foreign students. That's what
we're doing. So the idea that you would actually pay
another country, we've already been doing that. I mean you
might remember in Kevin Runs time he stitched up and
deal with Malaysia so that any illegal boat arrivals would
be rehoused in Malaysia. Well, not one person ever went there.
They all ended up on route. So I just don't

(01:23:46):
see a skin like that.

Speaker 4 (01:23:46):
Would Okay, mate, go well catch up next week, appreciate it.
A modo is the one I was taking to see
price a modo. I think of my saying that, right,
you know this Chinese manufacturer and they've got a car
in the country, a couple of cars in the country,
couple of versions of the car in the country, and
they've a big sale on at the moment and there,
you know, I can't remember what the price was, thirty
thirty five grand something like that, but you know what
do you think you're going to sell that for in

(01:24:08):
five or six years time?

Speaker 1 (01:24:09):
Fourteen to two International correspondence with Ends and Eye Insurance,
Peace of Mind for New Zealand business The Hike Asking
Breakfast Full Show podcast on iHeartRadio powered by News Talks.

Speaker 4 (01:24:25):
That Be Mike, I wonder if the resale value of
Australian cars the New Zealand is related to the quality
of the roads and how this ages said car. No,
it's got nothing to do with it. It's got to
do with the fact that New Zealand bebbled into the
wonderful world of used Japanese imports and as a result
under price to the market completely. And they've never done
that really in Australia. So as a result, you can
expect after three years of ownership in Australia you'd be

(01:24:45):
realistically looking at eighty percent of the original value. Save
you spent one hundred thousand dollars on a car. Three
years later it's worth about eighty whereas in this country
it's worth about fifty. It's about half of what it was.
A couple of bits of reading on nuclear by the way,
because I'm on a theme now because I think I'm
going to be on the right side of this. Is
nuclear power regaining energy. So that's out of the BBC.
That's a very good read. Look that up because we

(01:25:07):
are literally missing the boat as we speak. And you
talk about Steve and the power in Sydney and they've
got grid problems and we've got grid problems, and nuclear
seems to be the way of the future because certainly
the renewables aren't doing the business at the moment anyway.
So is nuclear power regaining energy. That's the BBC very
good piece yesterday that and I didn't know this, but

(01:25:29):
they sort of everyone's on the nuclear train at the moment.
The Indian Point Nuclear Power Plant for fifty years generated
a quarter of the power needed for New York City.
And this goes back to what I was saying on
the program, is today data centers of which we want
to be hosts are now so big, so gargantuan, that
they will use more power than entire cities. So you
either want to be into that or you don't. Anyway, decommissioning,

(01:25:52):
they started decommissioning this particular power plant, the Indian Point
Nuclear Plant, back in twenty twenty one. And so what
do they do with the waste active fuel? Well, that's
inside one hundred and twenty huge metal and concrete canisters.
And what's it doing there while it's stored behind fencing
with twenty four seven security guards with guns. Now, why
they're doing that? While the answer is because America doesn't

(01:26:13):
have a plan. Most countries that have a plan do
something with it. They either ship it out or they
bury it. America doesn't. And here's the ultimate irony, and
this is why it's well worth reading the article. America,
on one hand, is increasingly reliant on nuclear yet on
the other the reason they don't bury it or ship
it out is because everyone suspicious of the waste. Should
you be suspicious of the waste? No, Because the expert

(01:26:37):
quoted in the story says, as follows, the waste from
nuclear energy poses so little danger a person would need
to stand near it for an entire year to be
exposed to as much radiation as maybe one or two
X rays. So Americans are paranoid the way Americans can
only be paranoid about something they live with every day.

(01:26:57):
But because of their paranoia, which is based on nothing factual,
they've done nothing about the problem. How Americans that ate
away from nine.

Speaker 1 (01:27:07):
Call the mic Costing Breakfast with Bailey News.

Speaker 4 (01:27:11):
Talks End Mike, you keep talking about resale value. You
bought a Ferrari. The glasshouse has no window slift.

Speaker 10 (01:27:18):
No, no, no, no.

Speaker 4 (01:27:19):
Ferrari is a very good investment by in large. I've
been lucky enough to have three of them over the years,
and they they're better than a lot of cars. Let
me tell you that much for nothing. Tires are a
bit expensive. Filling them is quite expensive. You don't want
to go anywhere close to trying to ensure them, of course.
But apart from that, really cool five minutes away from.

Speaker 1 (01:27:37):
Nine trending now with Chemist ware House, Great savings every day.

Speaker 4 (01:27:43):
Right tech launch. Oh pope, they've got the xite Pro Global.

Speaker 26 (01:27:47):
Find xite Pro. I knew you're going to get the
name of it.

Speaker 4 (01:27:50):
What the new find.

Speaker 26 (01:27:51):
It's called the find x A pro. It's not un
new find the model is the Find x A pro.

Speaker 4 (01:27:59):
What Yes, a stupid name.

Speaker 26 (01:28:02):
That's what the namers and they held. There's been seven
before it.

Speaker 4 (01:28:06):
So does at some point it become found Bali is
where they launched it. Here's Billy Jane.

Speaker 15 (01:28:14):
As we entered the year of a Generative AI, we
are community to make aiphones accessable to everyone. We are
on the way to bring the generative AI futures to
fifteen million up whole users worldwide within this year.

Speaker 4 (01:28:33):
Got a lot of cameras, not one, not two, not three,
four fifty megapixel hessel Blad lenses. The hesslo Blad is
that some people have seen.

Speaker 9 (01:28:45):
It really impressive pictures and the details that you get
are great for telephoto. You actually get the options that
either three or six times, and both of these capture
some great photo. You get AI telescope zoom, which kicks
in after ten times, and the AI here helps enhance
that photo and at lower zooms. This does a really
good job and it can do a good job as well.

(01:29:06):
It's sixty times zoom.

Speaker 4 (01:29:08):
Wow. It's really cheap too. It's only twenty two hundred
and ninety nine dollars. What a bargain, But because it's
so unbelievably expensive, they also throw in a free smart
watch called the find Watch. Is it the fine Watch now?

Speaker 26 (01:29:21):
It's actually the Watch X.

Speaker 4 (01:29:22):
Of course, watch X watches six hundred bucks, so they
toss it in for nothing. There you go, and there
has asked for the day back. Tomorrow morning from six
o'clock is always Happy Days.

Speaker 1 (01:29:36):
For more from the mic Asking Breakfast, listen live to
news talks it'd be from six am weekdays, or follow
the podcast on iHeartRadio

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