Full Show Podcast: 12 March 2025

Episode Transcript
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Speaker 1 (00:00):
In New Zealand's home for trusted news and views, The
Mike Hosking Breakfast with al Vida, Retirement Communities, Life Your
Way News togs d.

Speaker 2 (00:09):
Be only a well dreaded own New rules for government
contracts that favors local companies. David Seymour on lunches and
the moarification of the pharmacy industry. Wait till you hear
about school Rugby changing again, Mark and Jenny Politics after Right,
Richard ardol Murray olds they do some top shelf stuff
as well. Poskyido, Middle of the Week, Welcome to it.
It's hard to tell seven past six. By the way,
it's hard to tell that Mark Carney seemed to be

(00:31):
up for a fight with Donald Trump in his opening
Our Words. Meantime, Malcolm Turnbull, who ran Australia for about
three years but never in a way that reflected how
good you thought he could be before he got the jobs,
found new mileage and chipping in from the sidelines posters
glory days. I mean, talking tough on Trump is way easier,
of course when you aren't in charge of anything. But
that doesn't mean he didn't make an excellent point. Yesterday
we told you about his Bloomberg interview, where he suggested

(00:54):
President G may well be the ultimate winner as the
world sides more with the consistent and perhaps polite person
as a post to a bully Turnbull was not done.
He turned up on the ABC twice yesterday and quite
rightly chided the interviewers who asked whether it was wise
to criticize Trump at a time when Australia was wanting
tariff exemptions. Has the ABC become, he said, so compliant

(01:15):
and weak that you were seriously suggesting that we shouldn't
be free to speak the truth in Australia for fear
of Donald Trump. Is that the depths you've sunk to.
He went on, Australia could not continue this bipartisan gas
lighting that's going on at the moment. Are we just
going to become a conger line of sickophants creeping through
the White House paying homage to this s guy? These
are excellent lines, and I revel in people's ability to

(01:36):
speak their mind in a world where woken blumonde so
often passes for discourse. Flip side, of course, as Trump
is so nuts, I wouldn't be remotely surprised to see
a message on truth social saying because your ex prime minister,
a failed leader, was so rude, I will not be
handing exemptions out. I love Australia. I have a lot
of friends in Australia. Your ex leader, loser, Malcolm Turnbull
is not one of them. Until he apologizes to me

(01:58):
and the great people of the unis it states there
can be no exemption, then tell me you can't see that.
That's how pathetic it's become. But and this is where
Malcolm and Carney might well be right, that is no
excuse to acquiesce, to sell out, to suck up. As
Malcolm also pointed out on his ABC spray you suck
up to bullies, you get more bullying.

Speaker 1 (02:20):
News of the world in ninety seconds.

Speaker 2 (02:22):
And the question around tariffs might be just how pathetic
can all of this get? Ontario has a crack so
Donald sees that nuts them some.

Speaker 3 (02:29):
He talks all about how he will double the tariffs
on steel and aluminium. This in response, he says, also
to the very unfair anti American farmer tariffs which are
on various US dairy products the markets.

Speaker 2 (02:45):
Of course, of loving all of this, and Trump's mates
continue to try and defend a pending recession.

Speaker 4 (02:49):
President Trump has told people there's going to be a
little bit of pain with this, and there is.

Speaker 5 (02:53):
That's fine.

Speaker 4 (02:54):
You know, the stock market's gone up and down before,
it'll come back. But when we somewhere around first of April,
where everybody's got to be on the same level, I
think we'll start leveling out.

Speaker 6 (03:03):
Uh huh.

Speaker 2 (03:04):
If you want some good news, Marco and the gang
in South he seemed to be making war progress.

Speaker 7 (03:07):
We are very open, were very open, and they want
to have very constructed, deep friend partners conversation with our
American partners.

Speaker 2 (03:21):
In the Philippines. The local FEDS are branded up to Turte.
After the ICC said they wouldn't mind.

Speaker 8 (03:25):
The world there was something systematically wrong with the Turtis
drug war, meaning that what you had there was not
a real drug war based on drew process, dead squads,
mercenaries and then doing some really really dark and bloody things.

Speaker 2 (03:41):
And then in Britain the news this time yesterday. Of
course there's everyone on board those ships that hit each
other survived. Well, it seems not to be true.

Speaker 6 (03:47):
Thirteen of the fourteen sailors are the Envy, so longer
accounted for search and rescue operations for the missing sailor
continued throughout yesterday but were called off yesterday evening at
the points of which the chances of their survival had
unfortunately significantly diminished.

Speaker 2 (04:03):
And in court Kyle Clifford, who is depraved and guilty
of murder and rape, very high profile case in that
part of the world, got a whole of life sentence.

Speaker 9 (04:10):
The evidence I have heard shows you to be a
jealous man, soaked in self pity, a man who holds
women in utter contempt.

Speaker 2 (04:20):
And so that was that. Finally, Sir Jim Radcliffe, for
our old mate, he's announced that, man, you plans to
build a new four and a half billion dollars stadium.
It would replace Old Trafford. They played at Old Trafford
since nineteen ten. I've been to Old Trafford as a
place to go as a tourist. I'm not sure it's
the greatest play anyway, it'll be the biggest in the
UK capacity of one hundred thousand. That is a big
small issue of money, men, you are currently a billion

(04:42):
in debt. I think the New Zealand Rugby Union can
attest to that. And if they get past that particular hurdle.
They can build it. They reckon in five years they
should come and build that road north of Auckland. It'd
be awesome news of the world. In ninety Foster is
doing it. By the way, you don't know the work
of Norman Foster.

Speaker 5 (04:57):
Look that up.

Speaker 2 (04:57):
Yeah, this is on terry, I think for God's sake.
So Doug who seems to be he's the Ontario premier,
seems to be a ruling to himself. They supply Ontario
power to Minnesota, New York and Michigan. They're threatening now
to turn that off. The tariffs they're imposing twenty five percent.
That brings in about three hundred thousand dollars a day.
There's a bit of money in tariffs. Trump sees that,
of course, and goes, oh, you think these things for
twenty five, I'll give you fifty. So meantime, Stalantis who

(05:19):
are caught up in the aluminum and steel, they're melting down.
The whole thing is a complete and utter mess. Twelve
past six.

Speaker 1 (05:29):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, How
if My News talks?

Speaker 2 (05:35):
Eppy white House is about to give a briefing on
the cluster that they're currently wading their way through. Once
some good news. Pope Francis seems okay. Participated remotely in
the spiritual retreat Tuesday. Doctors have upgraded the prognosis. He's
no longer in imminent danger of death. So that's good.
We'll take that fifteen past second right over from JMO

(05:55):
Andrew Keller. How welcome in good morning, Mike, is through
this cacophony of misery.

Speaker 10 (06:06):
Hey, Look, markets have governed to focus this week, haven't they.
Look after we spoke yesterday, US markets didn't really gain
any more ground in the clothes, but it ended up
being quite an interesting data, isn't it. I mean, a
four percent fall in NASDA. You don't see that every day. Look, Mike,
uncertainty is still the name of the game, and I
just need to put some flavor around that. So we
know that there's going to be tariffs. Look, we know

(06:27):
there's going to be trade protectionism. We know there's going
to be job losses in US government services, but we
just you've got no idea what the detail While the
end pointing to mean this track is also fluid and
constantly changing. This is what's generating this uncertainty and the
markets are voting, Mike, and at the moment that vote
is negative. There was a Benjamin Grahame, very famous US investor,

(06:51):
once said, in the short run, the market is a
voting machine. In the long run, it's a weighing machine.
The short term measures sentiment. Sentiment is clearly negative. But
I just want to put a little bit of perspective
around this because let's look at the year to date moves,
because it comes after a very strong twenty twenty four
So the S and P five hundred, this is up

(07:12):
to the close yesterday, it's down five point two percent.
Last year, that index gained over twenty three percent. The Nasdaq, yes,
it's down nine and a half percent so far this year.
Last year gained almost thirty percent twenty eight point six percent.
So just putting those losses into perspective is also important
to look at the composition of the weakness. It is

(07:34):
concentrated in those big socks, the Magnificent seven. Look at
those in isolation. Last year, they drove the market higher.
If I look at an index of those Magnificent seven
stops last year, that index was up sixty seven percent.
I'll say that again, sixty seven percent. So year today's
it's down fifteen and a half.

Speaker 2 (07:54):
But boy sixty seven is not too bad.

Speaker 10 (07:57):
But it is very volatile, and we're seeing that volatile,
particularly stocks like Tesla in nvidio. They're really moving it
around a lot, and that's dragging the index lower, which
means that there's But what this does mean, there's less move.
There are four hundred and ninety three other stocks in
the S and P five hundred. If I look at
an equal weighted S and P five hundred, it's only
downe point eight four percent. So just give an idea

(08:19):
of the disproportionate effect of those big stocks. But all
of the Trump bumpers gone, those big risk gold moves
that we saw as sentiment soared after he won the
presidential election, that's gone. So you saw that in Tesley,
saw that in cryptos. You know, Tesla's harved in value
from where it was in December of life four hundred
and seventy nine bucks. I remind people it's now two
hundred and twenty seven. Bitcoin surged one hundred and eight thousand,

(08:43):
you know, one hundred eight thousand dollars it's now, and it.

Speaker 2 (08:45):
Fell to seventy nine yesterday.

Speaker 10 (08:47):
But the things might where to from here. The uncertainty,
it doesn't go away because you've seen more tariff changes overnight,
another night, another tariff, but you don't. We've got that
big day in April, the second where lots of changes
that looms on the US tara front. So anything that could
happened between now and then the other thing we need
to remember, Mike, We've got this renegotiation of the US

(09:08):
debt ceiling that's happening this week as well, So more
uncertainty there. Just quickly the local market. We as per usual,
we had a fairly muted reaction. We only fel zero
point eight percent and a small fall in wholesale interest rates,
so we were a far more steady and the currency
remained relatively stated as well, around fifty seven cent, so
at least we weren't being dragged too much into the madness.

Speaker 2 (09:29):
Okay, quickly give me the local spending because I look
at this, I see some light. Do I see light?

Speaker 11 (09:34):
A little bit?

Speaker 5 (09:35):
Yeah?

Speaker 10 (09:35):
So from the macro big picture to the micro as
well financial markets gyrate MIC people still go on about
their day to day lives. Yes, that's new Zealand release
card spending data today. But as an entre. Yesterday a
m Z released their card spending data for their network
New Zealand's biggest banks, so illustrative. Overall spending rows one percent.
That's good because we had a number of weaker outcomes.

(09:56):
It's being led by business goods and services. Were still
see ending held back by the stuff that's censive to
interest rates, housing, durables, discretionary spending. Presumably those areas get
a bit of a tailwind as interest rates continue to moderate.
Tourism spend they my eye was drawn to this. It's
still under pressure, down eleven percent year on year, so
you seeing that in car rentals, accommodation. But we'll look

(10:18):
for confirmation in the Statsu of Zealand numbers today speaking
numbers given to me, the Dow Jones is bearing the
brunt of the weakness to day. It's down one and
a half percent, six hundred and fifty six points forty
one thousand, two hundred and fifty five. The S and
P five hundred down another one point two percent. That's
sixty eight points five five four six the mark there
at the moment, and the Nasdaq is actually doing a.

Speaker 2 (10:41):
Little bit better.

Speaker 10 (10:41):
It's only down point eight seven percent seventeen thousand, three
hundred and sixteen. The European markets, will we crovenight. The
forts one hundred lost one point two percent eight four
nine six. The Nicket down points sixty four thirty six thousand,
seven hundred and ninety three. The Shanghai composite, though it
is going up three three seven nine, and it was
up point four percent. The OSSI has lost points nine

(11:03):
percent yesterday seven eight nine oh and as I said,
we lost point eight four percent twelve four hundred and ten.
Key we steady point five to seven oh nine against
the US point nine oh eight four going up against
the Aussie against the euero point five two two four
against the pound quick mention, we're at point four four
one one, getting close to forty four p. That's going
to make trips to the UK very expensive if anybody

(11:24):
happens to be going there. Against the yen eighty four
and eighty fourth eighty four yen gold twenty nine hundred
and seventeen break crude as stable sixty nine dollars and
ninety two centsy.

Speaker 5 (11:35):
Have a good day.

Speaker 2 (11:36):
We'll see you tomorrow. Andrew Kelleher Jmiwealth dot Co dot
NZ four I's getting forty four. I mean, give me
a break. Got some good news on hospital Paul Wong,
We love him. He's hired some property in Wellington, Courtney
Place and Blair. You'll know if you're a local, he's
going to open. He's big in Auckland's going to open
Lucky eight and Jungle eight. This is Hospo. He signed

(11:57):
at least sixteen Courtney Place, and he's bullish. He's apprehensive,
but he's bullish. So if Hospo's bullish, we're all on
board with about six twenty one here at Newstalks.

Speaker 1 (12:06):
Edbo the Vike Asking Breakfast Full Show podcast on iHeartRadio
powered by News Talks EDB.

Speaker 2 (12:19):
Mike, those kids on the news last night were obviously
being encouraged to throw away perfectly good food. Yeah, let
me use a lot of feedback. I knew it was coming,
but we'll come back to that shortly. Japan GDP, they
thought it might be two point eight, turned out to
be two point two. So that's a problem. Just give
me an insight on this tariff shambles. Yesterday, just yesterday,
Energy Secretary Chris Wright said, quote unquote, it certainly possible

(12:40):
that the US could reach an agreement with Canada to
avoid tariffs. Well, that didn't happen. Meantime, they've rolled out
Miss Levitt with the good news.

Speaker 12 (12:47):
As the President has said over and over again, when
we purchase products made in the USA, the profits stay here,
the revenue stays here, and most importantly, the jobs stay here.
And despite the globalist means stream media's attempts to worry consumers,
President Trump will not repeat the trend of past American
presidents who broke their promises to the American public and

(13:09):
smiled while they stuck a knife in the back of
American workers and shipped their jobs overseas.

Speaker 1 (13:15):
Trending now with Chemist warehouse Keeping Kiwi's healthy all year round.

Speaker 2 (13:20):
He's a disciple, isn't he. I mean, you can't say
she's not old. And a four year old on the phone.
This is Wisconsin. Four year old's on the fine to
the feats.

Speaker 13 (13:27):
It's Anne one one, Hello, this is routine county nine
one one.

Speaker 14 (13:32):
What's the address?

Speaker 15 (13:33):
Emergency?

Speaker 16 (13:34):
My mommy being that?

Speaker 17 (13:37):
Okay, what's going on?

Speaker 18 (13:44):
Well then get my mommy?

Speaker 7 (13:46):
Okay, what's going on?

Speaker 19 (13:49):
Get my mommy?

Speaker 13 (13:51):
You know your Hi, what's going on over there?

Speaker 10 (13:55):
Your little one?

Speaker 18 (13:56):
Got the phone and four Okay, we're.

Speaker 17 (14:00):
Trying to catch it because you couldn't gonna call him
now one one No, I know mean.

Speaker 20 (14:07):
Take you but.

Speaker 7 (14:09):
Take to jail.

Speaker 3 (14:13):
Age his ice cream.

Speaker 17 (14:14):
So that's probably why he's calling nine one one.

Speaker 2 (14:18):
Anyway, they went around with some oscrew. That's a merita
for you, by the way, miss live it. Uh, But
someone's asked her about the markets.

Speaker 12 (14:24):
First of all, when it comes to the stock market,
the numbers that we see today, the numbers we saw yesterday,
the numbers we saw see we'll see tomorrow, are a
snapshot of a moment of time. And as President seamp
has said, and I'm here to echo the remarks of
this president of this White House, we are in a
period of economic transition. We are in a period of
transition from the mess that was created under Joe Biden

(14:46):
in the previous administration.

Speaker 2 (14:48):
To the bigger maes that we're now creating. Is that
what we should anyway, using a couple of moments, then
we'll get into the lunches with David.

Speaker 1 (14:54):
Seymour setting me agenda and talking the big issues. The
Micael looking breakfast with the range Rover, the la designed
to intrigue and use togs EDB with terror.

Speaker 2 (15:06):
Shortly twenty three minutes away from seven, I thought it
might be fun to talk about school lunches because the
media has ignored the subject for far too long. Of course,
the latest chapter is the LaBelle group, who is contracted
by Compass to deliver these lunches, and they've been tipped
into liquidation, as I'm sure you're well aware. The Associate
Education minus the David Seamore's with us, very good morning
to you. Is he with us or not you with us? David? Right,

(15:30):
my phone's not working. Can you put it on here? No,
stick it on here from there, stay there, stick it
on the air just quickly. Oh okay, it takes a
wee while there we go. We've got you. My apologies, David,
you with us? Yeah, yeah, okay, my apologies. We need
a new phone system. Right if LaBelle aren't tipped into liquidation,

(15:52):
but the lunch is still continue, is the liquidation of
label the story.

Speaker 18 (15:57):
No, it's a contract a between two parties that don't
actually have a contract directly with We have contracted Compass
leavell are a subcontractor to them. They have to sort
out their issue. Our issue was making sure that Compass
continues to deliver on its contract to the government on

(16:18):
behalf of the taxpayer and we're doing that.

Speaker 2 (16:21):
Okay, did you know about LaBelle when you signed up
with Compass.

Speaker 18 (16:27):
Well, we certainly knew that they were the subcontractor you know,
they're in trouble. We were aware that they may have
some issues, but I mean that's always the case. We
didn't have any reason to believe that they would fail.
We just knew that they were signed up to deliver
on certain terms.

Speaker 2 (16:44):
Why would you sign up with anybody who you knew
to have trouble.

Speaker 18 (16:49):
Because we didn't believe that there was any issue that
would lead to a problem. We simply undertook a contract
with Compass, and that contract is now being delivered.

Speaker 2 (17:00):
Told you that there wouldn't be a problem. Was that Compass.

Speaker 18 (17:04):
That was done through the people that negotiated on behalf,
through the Ministry of Education. It wasn't well as specific individuals.
I'm not going to get public officials.

Speaker 2 (17:16):
Yeah, so the ministry knew there could be troubled but
were reassured there wasn't. They told you there could be trouble,
but they reassured you there wouldn't be.

Speaker 18 (17:24):
Well, I think that's a fair summary. But there was
certainly no reason to think that they wouldn't deliver, and
there's been no interruption to the delivery of school lunches
as a result of this liquidation. Yesterday ninety nine point
ninety six was the level of on time delivery.

Speaker 2 (17:40):
Would you concede that, given what you've faced in the
last couple of weeks, this doesn't help.

Speaker 5 (17:47):
Well.

Speaker 18 (17:48):
I think what we're doing is we're getting it into
a place where it's going to be a success. There
have been problems with the school lunch program, but in
each instance we've been upfront, We've accepted problems and would
solve them. And frankly, I think what's needed is a
look at the wider picture here. The whole country is

(18:08):
in some financial trouble. We're short of money. Generally, a
lot of people in their businesses and households are short
of money. What we're doing is saving up to one
hundred and seventy million a year while continuing to deliver
a program.

Speaker 2 (18:22):
I idea. I get all of that. Does LaBelle in
their troubles in any way, shape or form lead to
the difficulties you've faced in terms of delivery exploding, meals, cooking, burning,
et cetera.

Speaker 18 (18:37):
Well, I can't say whether that whether it has or hasn't,
for the simple reason that that comes down to a
contractual dispute between two other parties. As I say, our
contracts is with Compass. As they work through that dispute,
the last thing they need is some politician going on
the radio giving their recons and pointing the finger. So

(18:58):
some people might come to that conclusion that I can't
go them.

Speaker 2 (19:02):
I just look at how I conduct my life, and
I've wondered if you've made a mistake here. When I
hire people in life, I hire the best people, not
the people who tell me, look there's something over there.
It might be a problem that might not be. I mean,
you were asking for trouble? Was that? Were they the
only people in the game? Is that the problem?

Speaker 18 (19:19):
No, I don't think so and so.

Speaker 2 (19:21):
Were they the only people in the game or not?

Speaker 18 (19:25):
There's always a range of people that can satisfy a contract.

Speaker 2 (19:28):
The cheapest people in the game.

Speaker 18 (19:32):
Well, again, I'm not going to go into the exact
procurement process, but what I can say is there were
lots of ways we could have done it. This way
is delivering at half the price, and it's only going
to get better when there's bees.

Speaker 2 (19:47):
We've worked ever and continue to David, I've been on
your side on this and the only thing I've been
worried about is the delivery. If you say you're going
to deliver, you've got to deliver. Lunchtime is lunchtime. It's
got to turn up. The rest of it's been just
a shambolic pile on from the media and it's a disgrace.
But if you went and hired mister cheapo, who you
knew was a problem, and that problems come back to

(20:08):
bite you in the bum, that's on you, isn't it.

Speaker 18 (20:11):
Well if it, actually it hasn't. What we've done is
overcome problems as they've arisen, when.

Speaker 2 (20:20):
Problems because you went with the cheapest person in town
who was always going to cause your problems, because that's
what cheap people do. In other words, if you'd hired
a decent operator, you wouldn't have had any problems in
the first place.

Speaker 17 (20:31):
Well, that's a.

Speaker 18 (20:31):
Good characterization and a good story, but I don't think
it's true.

Speaker 2 (20:35):
It's a question. I'm just asking you. The question is
that the case, Well, it's.

Speaker 18 (20:39):
It's a characterization, and I reject it. I don't think
that is the case.

Speaker 2 (20:43):
So you don't think you went with the cheapest bid
with with troubled people you knew to be troubled.

Speaker 18 (20:51):
No, I don't agree with that. When you do a procurement,
obviously there are a lot of different factors that you
used to choose a contractor. In this case, I think
we did it right and where we've had issues, we'll
solve them. That's actually the only way you're talk about
how you run your life.

Speaker 2 (21:12):
That's the way I run my life, David, is I
hire people who do the job, who don't present me
with the problems, and I pay for that. That's how
I run my life.

Speaker 18 (21:22):
And that's exactly what we're doing. Wherever there's been a problem.

Speaker 2 (21:25):
Apart from the apart from all the problems you've had,
and the company that's now in liquidation.

Speaker 18 (21:32):
And again, the company that's in liquidation is not interrupting
the delivery of meals. Where As I said yesterday after
they were liquidated, we achieved right up to one hundred
percent if you want a round, ninety nine point ninety
six percent timetime delivery. So I understand what you're saying,
but the premise of your argument is that there's a

(21:52):
problem due to the liquidation.

Speaker 17 (21:54):
There is no problem.

Speaker 2 (21:55):
I'm just asking what there is. If you can assure
me there isn't, that's fine, and the delivery continues. TV
one thing last night, did you see it?

Speaker 18 (22:03):
I think they ran two stories if I'm right, okay?

Speaker 2 (22:05):
Is that the most disgraceful form of I use the
word really loose lead journalism we've seen in a long time.
I mean, that's what you're up against. This is a massive,
almost state funded pylon.

Speaker 17 (22:17):
Yeah.

Speaker 18 (22:17):
Well, first of all, let's just remember that seventy five
percent of children have lunches made by their children. There's
an argument that that should be one hundred percent. The
government's got a policy that we're going to fund lunches
for twenty five actually about twenty seven percent of children
up and down New Zealand. My job is to do
that as efficiently as possible than we are. But I think,

(22:40):
as I mentioned earlier, you know, the media may have
missed the wider context here. The whole country needs an
improvement in productivity. When somebody comes up with a way
to effectively double productivity by delivering the same nutrition.

Speaker 17 (22:54):
At half the price.

Speaker 18 (22:56):
Then I think we should actually be asking ourselves, well,
is that a good thing?

Speaker 17 (22:59):
Is that what we need more of?

Speaker 18 (23:01):
Are their problems?

Speaker 17 (23:02):
Yes?

Speaker 18 (23:02):
Is the guy in charge actually working through them each day,
overcoming them and making it better every day?

Speaker 17 (23:08):
Yes?

Speaker 18 (23:08):
Is that exactly the kind of spirit that we need
in New ZealandI for to overcome a lot of other problems?

Speaker 17 (23:14):
Yes, it is.

Speaker 18 (23:15):
Would you ever be able to explain that to certain
journalists at tvn Z or three News? I suspect you can't,
and that's why their audiences are switching off, because people
want to see solutions and a way out of the
various challenges we have in this country.

Speaker 2 (23:30):
Appreciect time, David Seymour. I was going to get onto
the moverification of pharmacists in this country, but we've run
out of time.

Speaker 1 (23:39):
Six forty five The Mike Hosking Breakfast Full Show podcast
on iHeartRadio powered by News Talks a B.

Speaker 2 (23:48):
Now you make twenty twenty five, Ye your money's year.
This is the message from Milford, right, So we're living
in a time with more and more key. He was
working up to sixty five, and too often that's not
because you want to so it is time to have
to think about the old dollars. Whether it's enjoying your
retirement how and when you want, or just some short
term goals. It's important to have a clear idea of
how you will get there. So the first step you

(24:08):
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(24:28):
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Speaker 21 (24:46):
Stuff International correspondence with NST Eye Insurance Peace of Mind
for New Zealand Business eleven.

Speaker 2 (24:52):
Away from trim my apologies with it's a little bit late,
but you can wade us through the mess.

Speaker 22 (24:57):
Try to morning mate. Boom to bust in twenty days
would be the headline. If we wind back the clockt
to when Trump was starting to take over. Wall Street
was sitting at all time high as wasn't it. The
US economy was growing into solid rape. Some called it
the enview of the world. Now, following its worst day
of the year of the DAR is continuing its downward
roller coaster ride, six hundred and twenty three points off

(25:18):
on the Dow last time I looked a moment ago.
Consumer sentiment also souring. People are beginning to use the
R word R for recession. Trump was asked about.

Speaker 15 (25:26):
This, Are you expecting a reception this year?

Speaker 1 (25:31):
I hate to predict things like that.

Speaker 22 (25:33):
Yeah, Golbin Sachs, the Investment Giant, says there is now
a one in five chance of a recession. Consumer confidence offers,
I say trump tariff war is sending out shock waves.
Trump now saying he will double tariff on steel and
aluminium brought in from Canada, this from twenty five to
fifty percent. Ontario's Premier Doug Ford has announced a twenty
five percent surcharge on electricity as a result, power used

(25:54):
by some one and a half million residents of Michigan, Minnesota.

Speaker 9 (25:58):
And New York.

Speaker 22 (25:59):
He is saying that about the situation.

Speaker 23 (26:01):
Consumer confidence is down, the market stumbling. You know, there's
going to be plants closed in the US Assembly. Plants
will shut down because they won't have the aluminum, or
they'll be paying twice three times as much. This is
this is absolute chaos created by one person.

Speaker 22 (26:19):
Yeah, he is calling for negotiation. So far, Trump is
pursuing the tear of tirade everyday. Americans yet to feel
this in full, but they certainly will. Delta Airlines now
the lays to slash their profit outlook, the backnash against
Musk also is growing. The mega megabillionaire seems to be
floating the idea of cutting money from Social Security, this
country's retirement scheme. The pension scheme says mask most of.

Speaker 5 (26:40):
The federal spending is entitlements. So that's like the big.

Speaker 4 (26:45):
One to eliminate, Mike.

Speaker 22 (26:47):
Seventy one point six million people get these benefits which
are wrongly called entitlements. This is people's money, we paid
for it to be kept in government hands for uses,
retirement funds and political parties both sides spend a lot
of it and other stuff. They had no right to
do that, putting the fund in jeopardy again. It's not
their money.

Speaker 2 (27:05):
Good only Mite. We'll see you, Frida. I appreciate it
very much, Richard Allensteite. So, by the way, Trump is
cooling the boycott of Taesla illegal, which of course it's
not because you don't have to buy law by a Tesla.
But he is going to buy a Tesla today just
to help it. He's mighty long now hide away from seven.

Speaker 1 (27:20):
The mic Husking Breakfast with Bailey's real Estate News Talk.

Speaker 2 (27:24):
Zibby lunch feedback in just a couple of moments. Miss
Leabed is still going and going strong on the double
tariff for Canada.

Speaker 12 (27:29):
The President saw that and has an obligation and a
responsibility to respond accordingly and represent the interests of the
American people. So he has made the decision to add
a twenty five percent tariff. So now stealing aluminum tariffs
will come into effect tomorrow at the rate of fifty percent,
and our steel and aluminum industries have actually applauded these

(27:52):
tariffs because again they know it's going to grow their
industry here, it's going to allow them to export more
steel that is made right here.

Speaker 5 (28:00):
Is that?

Speaker 12 (28:00):
Then this question, does this administration still consider Canada to
be a close ally of the United States? Well, I
think Canada is a neighbor. They are a partner, they
have always been an ally. Perhaps they are becoming a
competitor now, But as the President also laid out in
his True Social Post today, he believes that Canadians would
benefit greatly from becoming the fifty first state of the

(28:24):
United States of America.

Speaker 1 (28:27):
By the ouse, it's the fizz with business fiber take
your business productivity to the next level.

Speaker 2 (28:34):
Mike Prebble's article in The Herald ends worth when the
elephants are dancing the myr should style off the dance floor.
It's a very good piece. He talks about the tariffs
and what we can do about it. Some insight KPMG's
Financial Institution's performance survey just quickly for you. Profitability in
banking seven point twenty two billion dollars last year, up
a little bit on twenty twenty three. Not a lot
need interest in come. Big reason for that difference between

(28:55):
revenue they're making on interest faring assets and the cost
of servicing them. That's personal lined mortgages or that thing
up three hundred and forty two million or two point
two three percent to fifteen point seven billion dollars. The
net interest margins remained at two point three four and
this is of great angst and upset to a number
of people, including my good self. But two point three

(29:15):
four percent, So who would we compare to? Oh, I
don't know the parent companies in Australia. How about that? Well,
the parent companies Australia run a margin of one point
four to three to one point eight four versus our
two point three four same bank, different country, different margin.
I wonder if there's a question or two to be
asked there, What if the government should look at that?

(29:36):
Right the business of procurement. It's patriotism versus the bottom line.
Nicola willis on this and other matters after the News,
which is next.

Speaker 1 (29:46):
The Breakfast Show, Kiwi's Trust to stay in the know,
the mic asking Breakfast with Bailey's real Estate finding the
buyers others can't use togsadv.

Speaker 2 (29:56):
Morning seven past seven. So good news for local companies
as the government changes the rules procurement for government contracts.
The wider benefit to New Zealand well now need to
be considered as opposed to the cheapest quote seventy one
rules you currently have that drops to forty seven for
smaller projects. If you are local and can deliver, you
should get the work of Building Industry Federation Boss Julian

(30:16):
Lasers with US. Julian, morning to you, Good morning Mike.

Speaker 17 (30:19):
You like it absolutely. I think you know this is
going to help economic growth and deliver economous value rather
than focusing on prescriptive criteria. So I think we're going
to see better deals, more work for local companies and
moving away from a compliance from procurement to outcome driven
decisions that really is going to prioritize the Uland's economic health.

Speaker 2 (30:41):
So it's a great mode good the seventy one rules
down to forty seven, are they obvious ones that really
didn't need to be there? In other words, as the
government taking the right room to the right place.

Speaker 17 (30:50):
Yeah, look absolutely, you know it still leads forty seven.
We're not throwing out the baby with the bath order.
We're streamlining procurement hasn't been located since twenty nine eighteen,
so it's about time. Some of these rules really are prescriptive.
You know, companies don't need to worry about requirement to
buy evs or buy office materials that are you know,

(31:14):
low waste necessarily they need to focus on.

Speaker 2 (31:16):
Now just explain, Do explain that because most people won't
know what you're talking about. So part of the humant process,
you go, I want to build this building, and they go, right,
how many EV's you got, how many carbon neutral chairs
have you got? Et cetera. That's the sort of nonsense
you have to fill out.

Speaker 17 (31:29):
Right, Absolutely, there's a lot of red tape, and there
are these requirements that they are meant to put down
as part of their tent or their bids. But those
are things that really create a burden. And as I say,
don't sort of really focus on those important things that

(31:50):
those companies have the sort of odd of value of
things that they should be delivering for construction, not those
other things that sort of achieve why aims aroun sustainability.

Speaker 2 (31:59):
For example, Right, what does worry me slightly building new
non residential government buildings to a five star standard? They
no longer have to be five star? What's wrong with
five star?

Speaker 17 (32:10):
Well, I think I think they're just saying look, rather
than you know, they still have to meet the code.
They still have to meet all the obvious criteria that
we already have for you know, a very high quality
built environment. But going to the nth degree to have
a five star rating probably is unnecessary. It's fit like

(32:31):
what they're looking at with the H one. It's let's
let's deliver what we need as part of our code
and to have safe, you know, quality warm homes, but
we don't need to go overboard.

Speaker 2 (32:42):
Okay, good stuff. Julian, appreciate your insight very much. Julian
lais who's with the Building Industry Federation. He's the boss there.
Ten minutes past seven.

Speaker 1 (32:51):
This is news Talksking News.

Speaker 2 (32:54):
Yeah, so where are we at with the war and
peace talks? This is in read in Saudi Arabia. I'man
and KIV. Jimmy Russian's back. There's Jimmy morning.

Speaker 5 (33:01):
Hi, good morning.

Speaker 2 (33:02):
We got a deal.

Speaker 16 (33:05):
Well, we seem to have a significant progress. Yes, in
the last few minutes. This is very much breaking news.
So a lot of details are still emerging, but both
sides have released a joint statement which says that security
assistance to Ukraine, American security stint Ukraine and intelligence sharing
will be restored, so weapons and American intelligence will now

(33:26):
be shared again with the Ukrainians. There was a pause
on that. There's also going to be a proposed thirty
day ceasefire, which is obviously contingent on the Russians agreeing.
But this is significant development for the Ukrainian government. It's
a major win because obviously they're going to have American
weapons slowing back into the country.

Speaker 2 (33:46):
Now this seems to have got sorted out really quickly.
Did they predetermine a lot of this turn up in
Saudi Arabia and basically pull their pins out and sign it?

Speaker 16 (33:56):
So essentially we know that Zelenski had sent a letter
to Trump apologizing for, you know, the confrontation in the
White House. I think he was very gracious in that apology, because,
to be honest, I don't think he had that much
to apologize for, to be honest, But anyway, he kind
of fell on his sword a little bit, and you know,
was the bigger man. He sent that letter, and then

(34:17):
there was a high level delegation the US Sector of
State and they managed to hash it out. I think
the Ukrainians are doing everything they can to demonstrate that
they are ready for peace, that they are ready to,
you know, end this war which has lasted for three
years now and has cost hundreds of thousands of lives.

Speaker 2 (34:34):
We've got half the equation, though, did the Russians, seemingly
from Levro particularly, appear to be conceding nothing. What happens there, well,
that's the big question.

Speaker 16 (34:44):
So obviously the Americans have tried to pressure Ukraine to
come to terms, and they they've succeeded in their way.
But we're waiting to see what pressure they will attempt
to put on the Russians, if any, in order to
get them to agree as well, because obviou you can
only have a ceasefire if both sides agrees, And now
the ball is very much in Moscow's court exactly.

Speaker 2 (35:06):
Jimmy, good to catch up with you. We'll talk again soon.
Jimmy Russian who's in klieve he is Marco and Saudi
Arabia line.

Speaker 14 (35:12):
Today, we've made an offer that the Ukrainians have accepted,
which is to enter into a ceasefire, into immediate negotiations
to end this conflict in a way that's enduring and
sustainable and accounts for their interests, their security, their ability
to prosper as a nation. I want to personally think
we both want to thank the Kingdom of Saudi Arabia
Majesty for hosting us, for making this possible. They've been

(35:33):
instrumental in this process and we're very grateful to them
for hosting us here today and Osky.

Speaker 2 (35:38):
So there we go. Sounds positive balls in the Russians
court and that's going to be a sticky one. As
my strong suspicion. Thirty minutes past seven, Mike, the most
expensive people are not always the best earted. This goes
back to David Seymour and the lunch. I'm not arguing
for the most expensive people. What I want to know
is as a government, who are procuring the service that
you know is controversial because you're looking to save money.

(35:58):
Nothing wrong with saving money, you know is going to
be controversial, and it's proven to be so. When you
know within that mix is a company that has financial difficulties,
do you not have some sort of red flag somewhere
that goes I wonder if this goes tits up, whether
this is politically going to damage me. So he spent
the last three or four weeks putting out fires and

(36:20):
this is just another fire. This is grist to the
mill to this monumental pilon. We've seen over the last
couple of weeks of people who are determined to literally
wine their way to some sort of victory line as
they see it. And last night's news and a lot
of you're onto the TV one news if you didn't
see the story, don't watch it. But believe me, it
was a new low for New Zealand journalism, if you

(36:42):
call it that literally. It was a story where the
school encouraged the kids to throw their lunches in a
big bucket. It was spag bowl. As explaining to Andrew earlier,
it's spag bowl. You cannot make spag bowl inedible. It's impossible.
Everyone's mother made spag bowl. It might not have been
the best spag bowl in the history of the world,

(37:02):
but it was perfectly edible. We all ate it. To
encourage kids to throw that out. Taxpayers money in a
bucket to be fed to the pigs is not news.
It's not journalism. It's a low form of clickbaitism. Myke
Capitol rules in New Zealand result in the higher margin
of New Zealand and in Australia. You've bought the Adrian
All line. I mean you're partially right, but not totally right.

(37:25):
And that is why the government are looking at the
competitiveness or lack of it currently in the banking sector
in New Zealand. Fifteen past seven.

Speaker 1 (37:33):
The Like Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at.

Speaker 2 (37:39):
B and the really incongruous bit that they keep forgetting
because they keep tripping over themselves in this endless coverage,
is that they keep telling us the kids are hungry.
Kids are so hungry and hungry kids cannot learn. That
was the mantra, and hence the school lunch program got invented.
They are so hungry they cannot learn. So if we
accept all that, suddenly they're not hungry enough to eat food.

(38:00):
They're only hungry enough to eat the food that they
particularly enjoy, are they So the shot of these so
called hungry kids who have had no breakfast and no
lunch can then throw their food out because they're not
really that hungry, or there are hungry, but they're only
hungry when the food suits and then come on, I
wish I had more time with David Seymour because he's

(38:22):
looking for people for the Pharmacy Council currently, and you
put out yesterday the competency's standards required. And this goes
to why we can't bring people into the country with
any skills, because this is the nonsense they face. This
is just a small selection to be a pharmacist in
this country. You need to explain the impacts of pre
and post taturity o Way Tangy events on the health

(38:43):
of our tier own New Zealanders. Hell, does that mean
you need to demonstrate critical awareness of the health the
initiatives aiming to imbed tatiity oh Way Tangy into healthcare practice.
Explain the meaning of Tino rangetira tongua and how it
is relevant to the delivery of health services. I've been
here my whole sixty years. I can't explain that, Tea.
I'm not a pharmacist, I know, but I can't even
begin to explain that to you. What the hell does

(39:03):
that mean. I've followed the Treaty Settlements Bill submissions and
they can't agree on the treaty. So if they can't
agree on the treaty, do you think they can agree
on the meaning of tino rangeteer ratanner and how it's
relevant to the delivery of health services. I doubt it.
I think you can find one person who says one thing,
another person who says another. Explain healthy inequities that Maori
communities experience and how this influences own practice. Apply Maory

(39:27):
perspective to health and well being. Explain how basic tea
kunger including tapu and noah is applied in own practice.
So you're sitting in Britain or Australia, Wisconsin, India, Sri Lanka, Indonesia,
and you're a pharmacist thinking of coming to New Zealand
you read that you're going to continue filling out your
application for I think not anyway. More on that ish

(39:48):
in a Moment nineteen past.

Speaker 1 (39:51):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by newstalksp.

Speaker 2 (39:59):
Now, if you're looking for so winter worthy deals, chemists, warehouses,
you place, they got the unbeatable deals on everything you need.
So in store, yes, online, Yes, you can shop a
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to help reduce wrinkles, grab yourself the Olay Regenerous micro
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(40:22):
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That's got to win. March nineteen. By the way, what's today?
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fast delivery for the same day home delivery. Teaes and

(40:43):
season charges may apply. This is a chemist warehouse where
you will find great savings. Ever a day pasking why
not fix it? That's my point, Mike. The thing I
can't understand is why Luxon simply not done a Trump
and I overturned all these stupid practices and legislation. Well,
the Pomme's not Trump, and he's not a president, and
he doesn't have executive order powers obviously, but what he
does have is a government, and he did make some

(41:05):
promises and it's all very well, David Seymore saying, have
a look at this. How ridiculous is this? And we
all go, yes, it is ridiculous. You are in government,
you've been in government for a year and a half.
You made some fairly specific promises in this area. Why
have you not done anything about it? Which brings me
to my trip to work this morning. Actually, i'll do
that in the moment. We shall all, by the way,

(41:26):
give a shout out, or at least take a few
moments to read lyric Wirery Smith's account of the Treaty
Settlement's Bill submissions. Now she works for the spinoff. She
sat through it seems virtually all of the eighty hours
of submissions, and cast a series of observations by way
of a fifty things I learnedless Now. One of the
things she learned, in fact thirty seventh was the lack

(41:48):
of media coverage and the lack of media interest. Now,
you may recall, at the start of this particular process
it was a mad water wall, blow by blow account
of what was one of the country's in exciting word, contentious, outrageous,
heinous acts of the modern age. Fast forward a few days.
She was the only one left along with Mary Television,
So there's a lesson in that. On one hand, I

(42:11):
suppose you could mount an argument that the media is
so trimmed down these days, resourceful, lengthy procedures is limited.
Or you can also argue, and this is my argument,
the media are two magpie ish and fascinate themselves with
shiny things, lose interest too quickly, and as such enhance
the reputation as fly by nitis, interested in cliques, not
knowledge my work. Cover it properly or don't cover it
at all could be a guiding idea. Some of the

(42:33):
fifty things are a bit lightish in nature, and some
of this is not a criticism of the piece. In fact,
we should all be grateful someone bother to give us
this overarching insight. Hence it behooves us to absorb it.
But some basically tell you what you thought they would, Namely,
a lot of people turned up as you would expect,
to hate on it, thus drawing into questioning the whole
submission process. Is it really worth anything? Does it achieve anything?

Speaker 13 (42:54):
More?

Speaker 2 (42:54):
Importantly?

Speaker 5 (42:54):
For me?

Speaker 2 (42:55):
Was my suspicion? Was confirmed that there remains great debate
over the treaty and its principles, and as such David
Seymour was more than right to do what he has done.
The High and Mighty turned up and basically argued with
each other. The treaty is not settled, or anywhere close
to it. It is not defined. Now you can find
scholars and lawyers and experts will tell you the one thing,

(43:16):
full of them, full of vigor and eloquence, and then
you can find another equally qualified person saying exactly the opposite,
and how wrong they are. Hence we are where we
are and where we are. Sadly, is that for now
the end of the road, because the bill, as we
all know, will be voted down, which is a shame
given as Miss Smith's list surely shows a definitive understanding.

(43:36):
Is well and truly overdue. Asking which brings me my
trip to work this morning.

Speaker 5 (43:44):
And it was.

Speaker 2 (43:46):
So many cones I cannot even tell you another Simian
Brown special cones are over speed limits are going up,
Morrification's gone, but I'm wading my way through cone. I
turned left to see that it was a whole intersection
left right forward, backwards behind me, trucks, cones, lights. You

(44:08):
would think they were literally building the new Manu Stadium.
But no, there was one guy on a corner looking
in a man hole. Anyway, I'd come around the corner.
More thousands of leading up to the intersection, hundreds of
meters of cones, hundreds of cones just lined up for
a grain collection at two thirty in the morning of
well me and then because there were so many cones,

(44:31):
I was thinking to myself because going down this road,
I thought, how am I going to turn right? Because
I need to turn right. How am I going to
turn right into my little road? So many cones? So
it became a chicane. I liam lawsened myself and pretended
I was at Elbert Park this coming weekend and got through.
But really for all the stuff, and this is why,
as I keep saying this government has the polling trouble
they have. Do not promise stuff if you don't deliver it.

(44:56):
You said very specifically, road cones were gone, speed limits
were up, The bollocks is disappearing, the molorification is over.
The economy is We're going to get that fired up
and ready to go. A year and a half in
runs on the board are required, and that is why
New Zealanders are growing increasingly frustrated. Nikola Willis is.

Speaker 1 (45:15):
Next your source of breaking news, challenging opinion and honored facts.
The Mike Husking Breakfast with a Vita, Retirement, Communities, Life
your Way, News dogs head be.

Speaker 2 (45:27):
Just joining us. The good news out of Saudi is
that Rubio has managed to get the Ukrainians on board,
or the Ukrainians of Equiesta or whatever you want to
say it. We've got a deal of sorts towards a ceasefire.

Speaker 14 (45:36):
Is Rubia the only way out to end this war
is to negotiate out of it. There's no military solution
to this war. The solution to this war and the
way to end it and to achieve the President's objective
of peace is to negotiate. But before you can negotiate,
you have to stop shooting at each other. And that's
what the President has wanted to see and that's what
that's the commitment we got today from the Ukrainian side,
their willingness to do that obviously, now that I'll be

(45:58):
delivered to the Russia.

Speaker 2 (46:00):
Yes, exactly. This is Mike Watz, who's also with Rubio.

Speaker 20 (46:03):
The President has made it clear and certainly made it
clear to us that off fighting needs to stop, and
the Ukrainians have agreed to that proposal. They're ready for peace,
and now we'll take that to the Russians and get
their response.

Speaker 2 (46:18):
Now, my concern here is that the Russians are giving
up nothing unless they're blustering, which they probably are, at
which point, if they do give up nothing and there
is no deal, does Trump then make good on the
promise that he's going to sanction the Bejesus out of
them until he's forcing them to the table. And if
he does all of that and the war ends, Surely

(46:41):
the question needs to be asked of Biden, why couldn't
he do the same thing? And surely the question needs
to be asked of Europe Why couldn't they achieve the
same thing? Or is there something in the deal that's
yet to be sorted out that the Europeans are not
happy with? In other words, Ukraine almost certainly is going
to have to acquiesce on some territory and what sort
of guarantees are there from the Americans point of view
you as to whether the Russians roll again and all that.

(47:03):
I mean, there's a lot of water still to go
under the bridge. But I mean the main question being
if you can end a war in a couple of
months as president, why couldn't every other president, every other
prime minister all over the world in the last three
years do exactly the same thing? Twenty one minutes away
from it politics Wednesday, I love this song back, Bruce

(47:25):
Hornsby wrote, Do you really? Bruce Hornsby wrote, And that's
the other thing I need to say. We need Bruce
Hornsby on the program because we've never had him on
the program and we need to have him honor us.
There such a great musician who also on the program. Well,

(47:47):
Steve Walling, why not? Well he didn't write the series
only thing anyway? Where am I? Back to the procurement
business where these local businesses get some sort of foot
up when it comes to bidding for government work. A
lot of rules get dropped, which is good a small
deals under one hundred thousand k deal. The expectation is
the local will get the job anyway. The Economic Growth
Minister Nicolai willis on this good morning.

Speaker 13 (48:08):
And a very good morning to you.

Speaker 2 (48:09):
The price aspect, do are we being gouged?

Speaker 24 (48:12):
Do?

Speaker 2 (48:12):
A lot of big international players come in low ball
it and then try and recoup later.

Speaker 15 (48:17):
Look, I do hear that from some small businesses who
are trying to get government contracts. Which they also tell
me is look, we seem to sometimes know the price
of everything and the value of nothing, which is to say,
it's all very well and good. The Aussie firm pipping
the key, we firm at the post at a lower price.
But then what about the opportunities that robs from New
Zealanders in terms of job, skill development, the building of

(48:41):
a small business into a larger business. And we do
need to take that into account and that's what these
new rules allow us to do.

Speaker 2 (48:47):
Can you are there people who are genuinely any good
at big stuff? I mean the small stuff I'll come
to in a moment, but the big stuff, if you
can go local, are there people to make it local?

Speaker 15 (48:58):
Well, let's think about it. So you think about Datacom.
Actually they are an at scale firm who specialize in
a delivery of digital services. And there are other firms
that are of a similar scale. Are there bigger firms
in Australasia and in Asia?

Speaker 13 (49:14):
Sure there are. But how do you become a bigger firm?

Speaker 15 (49:17):
You actually get a few big contracts, you build up
your skill and your expertise over time, and that is
the case. Similar in the construction area or in many
other areas. It's actually getting the big government contracts sometimes
that allows a firm to get to an expert size.

Speaker 2 (49:31):
Okay, so here we are Wednesday morning and you're waiving
the patriotism flag. Tomorrow you're going to be saying to
all the international big boys have flown into the country,
come on and we love you. So how do those
two messages dovetail?

Speaker 15 (49:43):
Well, I only want firms coming to New Zealand to
invest if I can be clear that they're going to
create benefits for New Zealanders. So when international firms come here,
often it's their investment that will allow New Zealand businesses
to expand, to create more jobs, to invest in the
next piece of kiss or the next factory that allows

(50:04):
them to pay hire incomes. So this is about the
fact that we're in a race for the world's money,
and international money when it comes to New Zealand can
benefit Kiwis.

Speaker 13 (50:14):
That's the point.

Speaker 2 (50:16):
As far as this procurement thing goes, this value to
New Zealand, who decides that how's it literally measured?

Speaker 15 (50:23):
So literally, what we're doing is requiring every gauge agency
that's using public money that it must require that their suppliers,
when they're tendering for projects, must demonstrate how they will
deliver economic benefits to New Zealand.

Speaker 17 (50:38):
And.

Speaker 15 (50:38):
Agencies are required to wait that as at least ten
percent of how they decide on the contract, and they
must consider opportunities like providing skills and training, employing workers here,
paying taxes here, developing New Zealand industry capabilities, and agencies
need to demonstrate when they've picked those contracts how they
measured those things.

Speaker 2 (51:00):
I just can't work out in a country that's broke
and we hire the cheapest, suddenly we're not hiring the
cheapest because we love New Zealander's not that I'm against it,
I'm just wondering whether we're just this has got a
bit more froth and bubble than substance to it.

Speaker 15 (51:14):
Well, as I've said, it includes a minimum weighting of
ten percent for those economic benefits. Of course, cost will
still come into it. You still want people to be
able to get value for money. But it's about the
fact that when you're choosing a contract, you don't just
choose the cheapest one. You weigh a number of factors,
and it's important for the growth of the New Zealand
economy that these billions of dollars the government spends every

(51:35):
year actually generating some jobs and some incomes and some
benefit for New Zealand, not just lining the pockets of
foreign firms.

Speaker 2 (51:44):
I was watching you yesterday with the debt cost in
the House, and I'm looking at the Wellington lame O
councils and I'm just is this a quagmire of an
aptitude in this country? Do we have the wherewithal to
actually pull our finger out and get our act together?

Speaker 15 (52:00):
I think this should be our wake up call moment.
We went through six years of complacency and which we
allowed the government to tell us every problem could be
solved with more money being spent or the truth is,
we've got to work for it.

Speaker 13 (52:12):
We've got to earn for it.

Speaker 15 (52:13):
And this is an economy that can grow in which
we do have messes of growth potential. We've got to
get a bit of red tape out of the way.
We've got to be more sensible with our government policies.
But we're a reform and government who's making all of
that possible and I've got huge optimism for New Zealand.

Speaker 13 (52:28):
We've got what it takes. We've just been getting in
our own way.

Speaker 2 (52:30):
But you gave them the opportunity in Wellington for infrastructure,
give us a plan, and five of them, however many
there are, couldn't even come up with a plan.

Speaker 15 (52:41):
Oh look, I'm not going to make any apologies for Wellington.
I was so embarrassed by that episode. They couldn't even
put their bickering aside for long enough to come together
and say, hey, this is what our region needs.

Speaker 2 (52:53):
This is the NIOLA, that's what you're dealing with.

Speaker 15 (52:57):
Well that's Wellington on that episode. But do you know
what I have faith and ratepayers who have the power
of the vote.

Speaker 13 (53:04):
In come council time.

Speaker 15 (53:06):
Mike, I reckon, you'll be seeing some changes and well.

Speaker 2 (53:08):
You want to hope, So all right, go well appreciate it.
Nicola Willis's Economic Growth minister. By the way, Justin Elbow
is going to be embarrassed given in what he said
poster his phone call. Memory came bouncing out from the
phone call, so excited to talk with Donald Trump and
exemptions and tariffs and all that sort of stuff. He's
just announced there are as we predicted on this program. Indeed,
there are no exemptions, so you'll have to take that

(53:29):
to the election. Seven forty five.

Speaker 1 (53:32):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at be.

Speaker 2 (53:39):
Mike is CEO of New Zealand manufacturing company established in
nineteen eighty seven. I possess extensive experience proven capacity to
deliver on these projects. We're committed to authentic New Zealand
made products and actively participate in the Buy a New
Zealand campaign. However, we face significant challenges competing with Chinese imports,
particularly when government procurement favors resellers who import from China

(53:59):
and market themselves as local. Procurement practices make it increasingly
difficult to compete. Well, we'll watch and wait.

Speaker 5 (54:05):
Mike.

Speaker 2 (54:06):
I get in the email first thing this morning, having
battled my way through the road cones in Auckland. Just
wanted to drop you a note to let you know
I'm tuning into your show every weekday via I Heart
from Vietnam. Retired at forty one. There you go, and
have left New Zealand to live with the family in Bali.
Currently relaxing pull sided resorts across Vietnam and Thailand for
the next two months, and it's great to tune in

(54:28):
and listen. Please never quit. You're a source of sanity
for Kiwis like myself. It's very pleased to hear that.
Here's a shot as a photo from the resort we're
currently at. If you get the chance to visit Vietnam,
I highly recommend Mere Resort in Na Trang. I hope
I've got that right. Beaz are a dollar thirty. They've
got New Zealand wines as well. It'll be even better
if they had New Zealand milk and cheese. So can

(54:49):
only hope the trade deal in Vietnam pays off pus.
The amount of investment going on here is putting New
Zealand to shame. Retired at forty one, eh, tired of
forty one bed.

Speaker 4 (54:57):
I've always wanted to retire.

Speaker 2 (54:59):
Now I'm worried that i'll I have to keep listening
to you like he is. Well, that's part of the deal.
All the people who are no, no, no, no, All the
people who retire really have to listen to me. By
the way, speaking of local body politics and Nicola Willis,
as we were in a moment, ago is it a
good idea? Wanganui. Wan Anui is paying people to be
part of a group. So you register your name and

(55:22):
they've got a whole bunch of people three hundred so far.
They will eventually pull forty random names out of the
hat and you will be paid five hundred dollars to
attend a series of four to five meetings to discuss
swimming outdoors in the Wanganui area.

Speaker 18 (55:37):
It's not enough.

Speaker 2 (55:38):
No, well that's what I thought personally too. But this
is that the seed of an idea. So swimming outdoors
is clearly a thing in Wanganui, so they need to
talk about it. But four or five meetings of up
to three hours each three hours.

Speaker 18 (55:52):
First of all, it have to be at least five
hundred dollars a meeting.

Speaker 2 (55:56):
First of all, to say the meeting is going to
last three hours? Is your first ru paula up if
you said, look tea and biscuits and twenty let's get
this under the rape right, sell it upseller anyway, So
it's going to cost thirty thousand dollars to the council
to do it. I actually think there's a seed of
a thought here. I'm not interested, but that's just me.

(56:16):
But people might be, and if they are, the participation
rate goes up. My only consume would be the people
who are retired, who have more time on the hands,
might dominate proceedings. Therefore, you might not get a good
collection of views.

Speaker 5 (56:28):
So what are we talking about in the river?

Speaker 2 (56:30):
No pools and stuff? Or could be the river? Well
that could be for the next meeting, Glenn, Glenn, we're
talking about pols. Next meeting deals with the river.

Speaker 5 (56:36):
Where do I see my invoice?

Speaker 2 (56:38):
There we go nine minutes away from eight.

Speaker 1 (56:40):
The Mike Hosking breakfast with al Vida Retirement Communities News
togs had been.

Speaker 2 (56:45):
Six away from a quick word on the Rugby high
School Rugby it's in for a shake up. New proposal.
Kids won't play fifteen aside anymore until they get to
high school. Planners ten A side up to year seven,
thirteen a side and year eight and the participation development
manager at the Rugby Union, Mike Hester's with us. Mike,
good morning, Good morning Dose. You love mucking around with
the rules and stuff, don't you.

Speaker 9 (57:05):
I always looking to innovate and evolve the game.

Speaker 2 (57:10):
What's what's the point.

Speaker 9 (57:13):
So we make these changes to ensure that we keep
kids in the game. We continue to work on that
rugby more appealing and enjoyable, safer, but also providing opportunities
for kids to continue his skill developments so that when
they do reach those sort of late teenage years and
adult year is that they've got all the skill sets
and experiences in the game sense that they need to

(57:34):
serve the ambition they've got, whether it's to play locally
in the community or to issue a professional career.

Speaker 2 (57:40):
How literally does that play out with ten a side?
What's literally the difference between ten and fifteen.

Speaker 9 (57:48):
What we know is that through modern sports research is
that we want to try and give kids more optionities
to get their hands on the ball, to be more involved,
more engaged, and obviously the more numbers you have on
the field, it means those opportunities or those manyful minutes
to do they're adminished. And so when they're going through
there sort of development stages, particularly as they're learning, we

(58:11):
want to try and maximize those minutes. So hence why
over the year groups it gradually grows from sort of
seven a side through to the four fifth mannsotasion.

Speaker 2 (58:20):
Is this a proposal or is it a done deal
and who you're proposing it to.

Speaker 9 (58:26):
We've been implementing changes in the space for the last
five years, so we've done about five the age groups
so far and the last of the changes are going
through in twenty twenty six. The second tranch of work
starts to earn us now with sort of consultation with
clubs and schools and communities around what does it look
like from sort of twelve thirteen, fourteen, and obviously in

(58:48):
our system because we have junior rugby played up to
under thirteen's and then it transitions to largely secondary school
rugby in all places, but mostly then we obviously need
to start engaging with clubs, schools around here network. So
those proposals will be sharing those with our communities this
year and keen to get their feedback on how that might.

Speaker 5 (59:07):
Be rolled up.

Speaker 2 (59:08):
Good stuff might go, well, appreciate it. Mike Histor New
Zealand Rugby Eyes and the Hili under Simmons as a
prop and he's right, as a prop. If you saw
the size of me, you go, how did that happen? Anyway,
it was it was a prop and what after the
scrum collapsed because it always collapsed because we weren't very good. Literally,
by the time you got up from the collapse scrum,
the ball would be literally down the other end of

(59:29):
the field, and all you do is run for the
next scrum. And that's why I am not in all way,
because it would have been close to believe me. Politics
Wednesday next the news and the news makers the mic
asking breakfast with the range rover of the lie designed
to intrigue and use togs dead Bee.

Speaker 19 (59:48):
Early on Sound in the morning, I heard a word
from the breach may zebby sweet do your Mamas and
love your neighbor luck.

Speaker 2 (59:58):
No, you can as Cody Jinks, and you might know
the song because he's singing left to Brazil. Left You
Brazil is as big as they get from the olden
days of country music. Talk to Willie Nelson about Lefty
Brazil and he'll go on and on and on about it.
Long Black Veil by Lefty. It was the first song
that Cody ever learned to play on the guitar, and

(01:00:20):
so he was left off Lefty the one hundred Best
Country Players of All Time list, and Cody wasn't happy
with that, and so he's done a tribute album to
Lefty Brazil and he's got nine songs on there. He
could have chosen many, many more. She's gone, gone, gone.
That's the way love goes, Sagon or Michigan. If you
got the money, I got Time. That's probably the most famous.

(01:00:40):
You've got the money, I got the time. It's a
super is that?

Speaker 17 (01:00:44):
De believe her?

Speaker 2 (01:00:49):
Anyway? He's got nine songs on here, twenty five minutes
and forty six seconds. Skinny, it is an it's past data.
It's time for politics Wednesday, and Ginny Anderson's will along
with Mark Mitchell, Good morning to you.

Speaker 11 (01:01:03):
Good morning, Mike, morning, Jenny.

Speaker 13 (01:01:04):
Good morning Jinny. Did you Chris Stapleton or not?

Speaker 2 (01:01:08):
Did I like Chris Staples? And I didn't go because
I was out of town? But the did you go?

Speaker 13 (01:01:12):
I did go? Yeah?

Speaker 2 (01:01:13):
Did you vomit?

Speaker 1 (01:01:15):
No?

Speaker 2 (01:01:15):
I didn't, Okay, because there was some vomiting going on
and the behavior of people at concerts in this country
leaves me cold.

Speaker 13 (01:01:23):
Yes, I look, I would have to. Maybe I'm just
getting on a bit. That could be it, but I
would tend to agree with you. The area I was
in was pretty good, but a little bit over. You know,
they're paying a few bit for their tickets.

Speaker 2 (01:01:35):
You've had a lot of money for tickets. And here's
the other thing, because the last concert was the Morgan
Wollen concert and the people were so drunk that they
literally passed out and missed the concert. And I'm thinking
to myself, you pay three hundred bucks to go stand
there that you drink yourself silly, and you miss it.
What's the point?

Speaker 13 (01:01:53):
Yeah, yeah, look, I tend to agree with you, Mike,
I thought. But the music was amazing. His voice was brilliant.
The musicians were really on. And I think it's his
wife who plays with them. I'm not sure his wife.
I think it is his wife. So I thought that
was pretty cool.

Speaker 2 (01:02:08):
My Now, my assessment of it is he's if you
go back to Luke Colmes, he's an officionado, like he's
a true artist. Luke Colmes is very commercial, very successful,
and God bless him for that. But if you want
real talent, I mean top short, top drawer talent, stabletons
you man.

Speaker 13 (01:02:24):
Yeah, well, it's the blues influence that gets me. It's
that real old school ability to play and tell a
good story for a song, and he nails it.

Speaker 2 (01:02:32):
What do you recommend? I was at the well.

Speaker 11 (01:02:33):
I was at the Rural Games.

Speaker 17 (01:02:36):
North rural people, so I love Christaber, but but.

Speaker 11 (01:02:42):
That that was it was great to be down there
and support them because we've got outstanding sports people in
the rule sector that.

Speaker 2 (01:02:49):
Sports play rurally.

Speaker 11 (01:02:52):
They've got they've got a couple of good fun events
like the dry cow pet throw and they tossed the
gun boot, which is cool.

Speaker 2 (01:03:00):
Did you do that? But no, I didn't.

Speaker 11 (01:03:04):
I didn't.

Speaker 17 (01:03:04):
I didn't.

Speaker 11 (01:03:05):
Well, I wanted to do the gum boot toss because
we're not shipping then entire happy we used to do
that with it was an annual event.

Speaker 2 (01:03:13):
You're the Minister of sport, for God's sake, Why can't
the Minister of sport right up and give me give
me a gunboat.

Speaker 11 (01:03:18):
I do try to participate where I can, but she
had to get away to another event. But anyway, the
young lady that took out the top award is a
world champion. You know, I don't know exactly what the
title is, but what she does is she gets up trees, prunes.

Speaker 2 (01:03:34):
Oh, one of those. They're fantastic to scamper up the
way they do do they mantle things on their legs.
She is amazing.

Speaker 17 (01:03:42):
She is amazing.

Speaker 13 (01:03:43):
The one would they go side side side?

Speaker 11 (01:03:45):
Yeah, they use a lot of technical gear and things
like that as well, and you know, all sorts of
contortionous moves as they sort of to do. But it
was just nice to she got recognized. She took out
the top award, and you know, not normally in a
sport like that, it wouldn't get recognized.

Speaker 2 (01:03:58):
That was great. Did you want to do that as
well yourself?

Speaker 5 (01:04:00):
Mark?

Speaker 2 (01:04:01):
Or were you a bit busy that?

Speaker 11 (01:04:03):
I don't know if they had any ropes strong enough
to hold.

Speaker 5 (01:04:05):
Me, Jenny?

Speaker 2 (01:04:08):
Now, did you have you sat on that? Am I
correct and saying I read and featured on the program earlier?
There's the piece in the spinoff by a woman who
had sat claiming to have for the whole eighty hours
of of submissions on the Treaty Principles bill. And have
you sat through the whole eighty hours? Have you been
on that committee and done that?

Speaker 21 (01:04:26):
No?

Speaker 13 (01:04:26):
Not the whole eighty hour.

Speaker 2 (01:04:27):
It's no how many hours you reckon Because while I
got out of her article, which I thought was very instructive,
was essentially what we've learnt out of this is you've
got a group of people who think it's great and
a group of people who don't. Many of them are
very articulate, very eloquent, very studied and educated, but they
still disagree with each other. Is that fair?

Speaker 13 (01:04:45):
I would agree, Yeah, I would agree. I don't think
we achieved a heck of a lot. I think there
were some great submissions that made really clear points, but
I don't think it really got us any further together
or closer as a nation.

Speaker 2 (01:04:56):
But see what and that brings me to you, Mark,
because it's your party that's top and seemore going ahead
with us. All these argued all along is we don't
have a definition for the treaty in law, and we should.
And what this process has proved is that is true. Therefore,
why wouldn't we want to move on with this and
do something productive with it.

Speaker 11 (01:05:12):
Well, I just think that I really like seleic committee
processes because it does give you know, it leaves people
to engage with our democracy and they have a voice,
and I think that's great. We're basically we've said, yep,
we just think that's a blunt tool and there's still
work to be done.

Speaker 2 (01:05:25):
We just think for one hundred and fifty years and
there's the outworking of one hundred and fifty years of
disagreements in front of it Select Committee. No one agrees,
even the most expert of experts does not agree. Therefore,
we need to sharpen it up and shape it up
and do something, don't we.

Speaker 11 (01:05:40):
Yeah, and I think Paul Goldsmith is motivated to do
work on that. But we just like you said, and
we just felt this was a very blunt tool in
terms of the way to achieve that. So there will
be work going on. It just won't be through the
Treaties Principle bill.

Speaker 2 (01:05:53):
It's all all right.

Speaker 13 (01:05:54):
The point the point would be, what's the point of
eighty hours if that's not going any further? And I
think that's the problem. Was a waste of resources and time.

Speaker 2 (01:06:01):
Well, we can also say that about it. My broader
point is that's the that's all select committees, isn't it,
Because you're aways going to find people who hate on something,
people who like something, and.

Speaker 13 (01:06:09):
Then at least but the law changes, something comes out
at the end of it. Is the only one I've
said on either for all of that time, and nothing happens,
stops in the water.

Speaker 11 (01:06:19):
Well, I think that, I mean labour took similar bill
through themselves when they're in Parliament that got killed off
as well.

Speaker 2 (01:06:25):
So but I think that you name it.

Speaker 11 (01:06:28):
It was a treaty. It was a treaty principals bill
that Labor brought into the House as well through the process.

Speaker 15 (01:06:34):
Making it.

Speaker 2 (01:06:36):
There can check your history negotiation.

Speaker 11 (01:06:38):
You don't even know this. You don't even know that
treaty negotiated.

Speaker 13 (01:06:46):
On treaty.

Speaker 2 (01:06:48):
Brief break more in a Moment fourteen Past.

Speaker 1 (01:06:51):
The Mike Hosking Breakfast Full Show podcast on iHeart Radio
News Talks.

Speaker 2 (01:06:58):
Six Thing Past Politics Wednesdays Anderson, Mark Mitchell two thousand
and five, Mark, Yeah and five.

Speaker 13 (01:07:05):
Yeah, Mark, Now hot tap. When you're asking your staff
me to go google it, I could hear yes, so.

Speaker 2 (01:07:09):
Well, staff for for Jenny. Google listeners. The listeners are
all saying, two thousand and five. Here we go, Jenny.
Principles of the tricky by taking you bill June eight,
two thousand and five in Parliament Select Committee for every
year is that the one.

Speaker 13 (01:07:25):
Didn't support it didn't support No, You're right, I was right,
Labor did not support it.

Speaker 2 (01:07:30):
Journey nineteen eighty nine, Fourth Labor Government. I was in
third four well it doesn't make it doesn't mean they
weren't doing it. Jenny nineteen eighty.

Speaker 13 (01:07:38):
Nine did know the history two thousand and five. You
don't know the history. Mark, they didn't support it.

Speaker 2 (01:07:43):
What's the matter with your staff?

Speaker 7 (01:07:44):
Mark?

Speaker 2 (01:07:45):
Who you got there? For goodness sake? Tell me to
do something so good? Exit? Can I congratulate you, by
the way, Jinny, just quickly on the promotion that you
got over the week on Friday. So that's good, thank you.

Speaker 13 (01:07:59):
I'm pleased to keep please as well, though, so you should,
so you should, and you might have got off, but
let me just finish. No, I'm really pleased to be
part of that that that new economic team, and I
think it's going to be really good work that New
Zealanders do need done.

Speaker 2 (01:08:13):
As part of your jobs, you're going to pay people
to do nothing again like you did last time.

Speaker 13 (01:08:17):
No, I won't be doing that, but I'd like to
pay them more.

Speaker 2 (01:08:19):
I think he would pay them more to do nothing.

Speaker 13 (01:08:21):
And I think they need higher scale jobs as well.
So we need to not have cases like Callahan and
the Heart here where they've laid off over a hundred
scientists with no plan of wire to put them and
they're all going to the Netherlands or Australia, the ones
I've spoken to, so I would say that's a silly
idea and we need to not do things like that.

Speaker 2 (01:08:37):
Give me sorry, Mark, No, I.

Speaker 11 (01:08:39):
Was just going to say, I hope she's better than
a roll with police. When I think about police under Labor,
you had Ginny Anderson, Chris Sipkins, Poto Williams and Meaghan Woods.
It was like a bad episode of.

Speaker 2 (01:08:49):
Kick to be fair. I think I think is the
best of those four. I think is the best of
those four.

Speaker 11 (01:08:56):
Lord, public safety is than the top three priorities that
was announced. Boy, Chris Hipkins, I mean, it's just a
it's a joke, but look that the reality, the serious
side of it is that jobs are critically important. We're
coming through a really tough period in terms of the
economy and you know, but the reality of it is,
might we're right were the pre election budget update under
Labor was projected to be exactly where we are. We

(01:09:19):
just got a really hard rule about growth. We're about
the economy, We're about the return of jobs.

Speaker 2 (01:09:24):
Do you think give me your take the National Party
take on this lunches thing, because I'm just desperate to
move it on to something vastly more important. But it's
we seem to be bogged down in what's turning out
to be a political mind feel for you people.

Speaker 11 (01:09:40):
Look, yeah, and David is working flat out on that
to make sure. Look from what I understand that the
actual delivery of the lunches is as good, but obviously
there's been some issues with it, and David's working flat
out on that.

Speaker 13 (01:09:53):
And one of those companies is that liquidated now, as
looks like.

Speaker 2 (01:09:55):
That does make any difference, though, Jinny, to be fair,
if the company is in liquidation and the delivery keeps
going as sad as it is for the company, what's
it matter?

Speaker 5 (01:10:03):
Kid?

Speaker 2 (01:10:03):
Still get to the point.

Speaker 13 (01:10:04):
The point, the point I would make is all the
schools I visited who ran their own program, and albeit
at cost a bit more, they would employ two or
three local people or local small businesses to provide those lunches,
and so that keep the local economy going. It was
better food.

Speaker 2 (01:10:20):
Jobs, of course, but that's what happens. If you keep
spending money you don't have, which is what you were doing,
employing people doing stuff, then that's always going to be
the case. But we can't afford that.

Speaker 1 (01:10:30):
We have no mother.

Speaker 11 (01:10:31):
There was one hundred and thirty million dollars war.

Speaker 13 (01:10:33):
Under label, people get paid more. The economy grows, but not.

Speaker 2 (01:10:37):
When it's funded journey from debt. You can't. I can
go borrow one hundred thousand dollars from the bank and
give it to you. You can go and spread it
all over the lower Hut today and you go look
behind it. But I mean, I've still got to pay
the debt back.

Speaker 11 (01:10:49):
They don't solve it. Might they don't understand their solution.

Speaker 13 (01:10:54):
Their solution to growing economy is to open it up
for foreign investment. And we can't just continue cutting things and.

Speaker 2 (01:11:01):
For an investment.

Speaker 11 (01:11:02):
But we need good foreign investment here.

Speaker 13 (01:11:04):
I'm not saying I'm just saying we've got to be
cautious about it.

Speaker 11 (01:11:07):
But your but your answer is Jenny, And whether it's
your jen to is you just you guys just don't
get it. You come into the house and you say
we'll just appropriate more money, We'll just.

Speaker 10 (01:11:17):
That's tax payers.

Speaker 13 (01:11:18):
Well you just say, well, you just said it now
with the sandwiches, I said foreign investment wasn't the answer
to all of our economic problems. We've got a downward
spiral of cutting, people losing their jobs, a lower tax take,
and the economy keeps shrinking. We've got to break that
downward cycle.

Speaker 11 (01:11:32):
Foreign investment. Foreign investment is an important part of the
entire puzzle in terms of and the leaders that we
have to pu use the government to get us back
on track to be in a rock star economy.

Speaker 2 (01:11:44):
Is the foreign buyers house band being announced tomorrow or Friday?
The lifting of that?

Speaker 11 (01:11:49):
Look, I don't think there's any announcement around that tomorrow.
At the summer there will be an announcement around some
infrastructure projects.

Speaker 2 (01:11:58):
When's the foreign and when's the foreign house band lifted?

Speaker 5 (01:12:01):
Then?

Speaker 2 (01:12:01):
Is that not part of it?

Speaker 5 (01:12:02):
I don't know.

Speaker 2 (01:12:03):
I don't know.

Speaker 11 (01:12:03):
I don't know where we are on the work with that,
but I know that Erica Stamford's you know, working fled
out on those settings.

Speaker 2 (01:12:10):
But that announcement is coming though I'm assuming I thought
it would have been tied up with the thing tomorrow.

Speaker 11 (01:12:15):
There's no there's there might be an immigration announcement tomorrow,
I'm not sure. I don't think it relates to that,
but there's definitely in some announcements Topiery and infrastructure projects
that we really want to engage and find some good
foreign cap coming.

Speaker 2 (01:12:28):
All right, nice to see you guys. We'll catch up
next week. Jenny Anderson, Mark Mitchell eight twenty two.

Speaker 1 (01:12:33):
The Mike Hosking Breakfast with the Range Rover Villain News
talksad B.

Speaker 12 (01:12:38):
No.

Speaker 2 (01:12:38):
You may have seen the famous Bay of Islands boat,
the elmer G on television recently, historic one hundred and
three year old boat. It's owned by the Vida Retirement
community in Kerry, Kerry, which is called the Pinaway Order.
Residents live life their way by going on regular fishing
adventures and throwing a line, and lately the residents have
been catching a lot of snapper. In fact, there's been
so much snapper they share it with the neighbors as well.
Plenty of delicious fresh fish for dinner everyone. So the

(01:13:01):
onmo g looks spectacular as it glides through the water.
Residents living life there way, it's brilliant. They haven't just
got a boat either, by the way, at r Vida
Ta Punaway Order, they've also got lifestyle opportunities available brand
new one, two or three bedroom villas, open plan living,
indoor outdoor flow. So whether you have keen fisherman, someone
who enjoys a regular cruise on the ocean. This could
well be the village for you. The retirement community with

(01:13:22):
a one hundred and three year old boat.

Speaker 5 (01:13:24):
How good.

Speaker 2 (01:13:25):
So to find your nearest A Vida living Well community
book a tour are Vida, which is a r v
D A vida dot co dot in z Pasky. So
Ontario's back down now on the twenty five percent power
which led to the fifty percent reciprocal tariffs. Lutnek and
Ontario have got together. They're going to have talk. So

(01:13:47):
that's on now. It's off. Labour's Confidence and Supply deal
with New Zealand First two thousand and five required Labor
to support a build Select Committee that would delete all
treaty principles from legislation. Labor previously voted down against that
bill when Winston first brought it in, But then came
the Confidence and Supply deal and the Nanaima who to quote,
sometimes we do things that we do not like, but

(01:14:09):
we need to do them so that we can truly
appreciate what we have. So Mark was right two thousand
and five. It has been done before, and you were
sharp as always and alerted us to that, and I
appreciate your input. As always, Murray Olds is in for
Steve Price out of Australia, so no drop in quality
there is what it's after the News, which is next

(01:14:30):
year of news talk set.

Speaker 1 (01:14:36):
The only report you need to start your day the
my casting Breakfast with Bailey's Real Estate finding the buyers
others can't use.

Speaker 2 (01:14:44):
Tog said b They've been voting in Greenland for well
an election, but for a start, there's no one in Greenland.
And yet there are six main political parties, most of
whom support independence, not independence in terms of we love
a Marria, because they don't. They don't want America. They
just want to get out of Denmark. Denmark gives them
quite a lot of money every year, so I don't

(01:15:06):
know what they're going to do without the money. Copenhagen
provides an annual block grant of about half a billion.
That's approximately twenty percent of Greenland's GDP and more than
half of their public budget, so if they went independent,
I don't know where they're getting that money from. But anyway,
the party that's most likely to do the best or
win is pro independence, and the party who's coming second
is pro independent, so they're looking at referenda on independence,

(01:15:28):
so not on America, but getting free of Denmark. So
that's unfolding as we speak. All fifty six thousand of
them are voted. I mean, can you believe it? Fifty
six thousand people in Greenland and there are six main
political parties, so lord knows how many minor political parties
they are. Fifty six thousand people. I mean, everyone's in
a political band.

Speaker 5 (01:15:45):
No. Trump thinks he can have it well.

Speaker 2 (01:15:47):
Exactly twenty two minutes away from.

Speaker 21 (01:15:49):
Nine International correspondence with ends and eye insurance, peace of
mind for New Zealand business ELEMNA in.

Speaker 2 (01:15:56):
Our time, and the results from Greenland are coming through.
It's not often you hear on the radio stand by.

Speaker 5 (01:16:00):
For that long. You reckon it'll take to count them.

Speaker 2 (01:16:03):
Wouldn't it be funny if it took like several days?
I reckon, even I could get to fifty six thousand.
I reckon you probably could. Now, Murray, how are you
good morning?

Speaker 11 (01:16:12):
Mike?

Speaker 5 (01:16:12):
Yeah, pretty well? Thanks better than now.

Speaker 24 (01:16:14):
Steel manufacturers this morning early here, because of course there's
no exemption to be granted Australian manufacturers from American tariffs
on aluminium or aluminum and steel exports that we send
to the US.

Speaker 2 (01:16:26):
And I wonder, and I said, so at the time,
might have been to you, might have been to Steve.
But I did say at the time Elbow looked way
too exuberant when he bounded out of the double doors
and talked to the world about his phone call with Trump,
because he had clearly been sucked into believing that there
was going to be the possibility of some exemption.

Speaker 5 (01:16:43):
Well, Trump did say, I would consider it. I will
consider that.

Speaker 24 (01:16:48):
You know, Australia can make a special case, being you know,
a nation that has a trade surplus with America that
not too many countries have that. But this is a
it's a big deal for Australia, for Australian steel manufacturers
was worth four hundred million dollars steel exports to the
US in twenty twenty three. China, of course, dwarfs that.

(01:17:11):
The Chinese market in twenty twenty three for the three
metals aluminium, iron and steel was worth eighty billion. So
clearly there's a hell of a lot more at stake
with China. But nonetheless, I mean it's I mean, we're
supposed to be allies Washington and Canada were supposed to
be allies.

Speaker 5 (01:17:30):
Donald Trump didn't even know what Orcust was.

Speaker 24 (01:17:32):
And Australia's signed up Mike for nearly four hundred billion
dollars of submarines that may be obsolete before they're even built.
And it's just looks crazy now. The Australian stock market yesterday,
like market's all over the place. It dropped one and
a half percent in less than an hour at the
opening because of all this uncertainty. I guess now we
know that these tariffs are going on, but you know,

(01:17:56):
don't forget it took Malcolm Turble Well, this is what
labor is saying over here. When Malcolm Turner was Prime Minister,
took that administration a year to negotiate carve outs for
Australian exports with the first Trump administration, So this is
not a done deal. Australia will keep on working behind
the seats try to get this exemption because it means
a heck of a lot.

Speaker 2 (01:18:15):
Exactly these polls, by the way that we've seen the
last couple of days is labor back with a sniff.
I'm reading a very interesting piece a guy called Andrew Caswell,
who was Morrison's media unit head and he's saying this
hole the useless doesn't work anymore. You've got to offer
them something to entice them across. Otherwise you had trouble.
I think it's a not unfair assessment, isn't it.

Speaker 5 (01:18:38):
No, I agree with that. I agree with that.

Speaker 24 (01:18:39):
I mean it's not good and I'm going to build
a nuclear power industry in Australia, but he's refusing to
tell us how much is going to cost the timeline
involved here. It's not good enough to say Albanese is weak.
I mean, you know, yesterday Peter Dutton was saying Albanese
is scared of Trump and as you know, he's too
frightened to pick up the phone and argue the k

(01:19:00):
And that's just silly. People want more than that. They
want more than that. There's a heck of a lot
more at stake. And yes, Carswell's right. I mean, Albanese
has looked much much better in the last week or so,
particularly given the response to the dreadful flooding we've had
up in northern New South Wales and southeast Queensland. Peter
Dutton's home city was under seeds from Cyclone Alfred Interestingly,

(01:19:23):
it was changed from was supposed to be Anthony Cyclone
Anthony and they changed the name, of course to Alfred
because of Albanzi.

Speaker 5 (01:19:30):
Button nups on a.

Speaker 24 (01:19:30):
Plane and flies down to Sydney for a multi million
dollar mansion and a big fundraiser for the Liberal Party.
I mean that just looks terrible. Albanese is up there
filling sandbags and whatnot and just looks like a leader.
So yeah, I think Andrew Carswell is right. It's not
a done deal by any means, and all the poles
are still pointing Mike, as you well know. To a
hung parliament just depends who's going to make up the

(01:19:51):
government with the weird sort of Star Wars bar scene
collective of we got down on Camper.

Speaker 2 (01:19:59):
When's the call? Because they've admitted it's got to be May.
There's a budget coming and Alfred Mucktadahl up for them.
When literally are they going to call it?

Speaker 24 (01:20:06):
Do you think, Well, it's going to be thirty three days,
so work back from those first three saturdays in May.
So I haven't got my calendar in front of me,
but you know there's going to be a budget now,
and I think labor won't be unhappy with that. I mean,
if Albanezi could have just gone bang last weekend, let's
go to the governor general, call the election, have a

(01:20:26):
quick four week campaign and done and dusted.

Speaker 5 (01:20:29):
Now it's going to be more protracted, more drawn out.

Speaker 24 (01:20:32):
But Labor won't be frightened to put out a budget.
They've got some decent things to talk about, you know,
interest rates. Okay, it's only a quarter of one percent,
but at least it's you know, the sentiment may be
swinging a bit. It could point lots of goodies in
the budget for low income earners, for age care and
so on, you know, workers who are getting bugger or

(01:20:54):
in the big scheme of things over here. So Labor
won't be unhappy with that more. But there's more time
for Peter Dutton to try and pick holes of what
Labour's offering. And don't forget a lot of what the
coalition's offer so far simply matches what Labour's put up.
So yeah, look there's a wee way to go yet
this election campaign. I mean, I love this stuff. A
lot of people just glaze o.

Speaker 5 (01:21:14):
They just.

Speaker 2 (01:21:15):
Well, yeah, but they may want to wake up to
it because funnily enough, These are the people who actually
control the purse strings and the country and the decisions,
and your life is as a direct result of that.
So it sort of behooves you to pay attention, doesn't it?

Speaker 5 (01:21:28):
Absolutely right? Couldn't agree more.

Speaker 2 (01:21:30):
All right, mate, I'm going to appreciate you one. I'll
see you Friday. All the best, Mike. Two and a week,
Murray up for that. Two in a week. We've clearly
got to go on and think about it, doesn't he Eh,
he is not too sure. Steve's in an operation today,
so he'll be back on next week. We're taking like
a military operation sixteen minutes away from nine asking Health

(01:21:57):
New Zealand. This is the quest. I don't know who interview,
but we're going to do somebody about it. But so,
Health New Zealand awarded a two million dollar contract to
a UK based firm linked to a guy called John Bennett,
who is reported this morning as being an embattled senior manager.
The reason he's embattled. The work, by the way, was

(01:22:18):
to carry out work related to patient waiting lists, improving
delivery of care and hospitals. He had co founded a
company with a guy called Barry and another person back
in twenty twelve. He'd resigned as director in twenty twenty,
but he remainder of director with the two other companies
with this called Barry Barry mel Holland. He's employed as
a senior manager role at ACC in September of twenty

(01:22:38):
twenty four. He's been on secondment back to Health New Zealand,
but was stood down by IC's ACC on Friday, subject
to an investigation after a series of stories reported concerns
about his conduct. Now their separate story. So as conduct
is one story, the fact he's involved with the business
is another story. The part that I'm interested didn't is

(01:23:01):
the part where the government Health New Zealand claims they
didn't advertise the contract because the company was the only
known provider with the essential skills for the work so
in the whole world, and what they wanted to do
was quote carry out work related to patient waiting lists
and improving the delivery of care to hospitals. There only

(01:23:22):
one company in the whole world that can do that,
and so they didn't need to advertise that. Now, are
you serious? So we need to talk to someone about that.
Tomorrow fourteen to two, The.

Speaker 1 (01:23:32):
Mike Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks.

Speaker 2 (01:23:37):
Ad BE News Talks haid Be eleven away from Lening
some questions for you. Well, first of all, hey, Mike,
isn't it going to be kind of weird whether our
Olympic athletes running around with Catman dou written over the uniforms.
Perhaps next time they could be Beijing. No, Catman does
are very well established New Zealand brand. I think it's
fantastic they're sponsors. I think it's going to work out well.
Someone was trying to moan yesterday about the fact that
some of the uniforms will be made overseas. I mean,

(01:23:58):
wake up call. Just pretty much everything in this country's
made overseas. We don't make very much in this country
anymore at all. It's a beautiful day in Washington. Springs
very definitely arrived in Washington. It's a very It's a glorious, calm,
sunny day. And I only know that because the President
at the moment is selecting a tesla. As I told
you about earlier on in the program. He's going to
get a tesla from where's going to pay for it?

(01:24:18):
Because he's feeling sorry for Elon. But my main question
is Elon's turned up with this kid again, and we're
just working out whether the kids should be old enough
to go to school. There are maybe he's four, but
he turns up with the same kid, and he's got
thirteen at least thirteen. I heard the other day's possibility
of fourteen, but he seems to turn up with the
one child, so I don't know what's going on there,

(01:24:40):
but nevertheless he's turned up with dad. The other question
I have, and you'll accuse me of being superficial, and
be that as it may. The cap that Musk wears,
which is the special black make America Great Again cap,
of all the caps you can get in the Make
America Great Again range, and there's quite a few, because
I was looking them up the other day and I
want to buy one. Jack Tame brought me one back

(01:25:01):
from Trump one point zero, but I want a Trump
two point oh one. Anyway, I was looking for Elon's
one because it's black on black and it's the coolest
of the caps. He had it made specially, and yet
it doesn't fit his head. So I'm thinking, why would
you bespoke a hat that doesn't even fit? And Glenn
quite rightly pointed out he makes cars that way. Nothing

(01:25:22):
fits in a tesla either, so good point. One more
question from me while I'm on the question in front,
there seems to be some coverage of jd Vance's cousin
who's criticizing jd Vance on some of the stuff he's doing.
Why is a cousin news? Answer me this? And if
a cousin is news, because every person in public life

(01:25:43):
will have somebody who's a detractor within the wider family.
If it was jd Vance's dad or wife or son
or daughter, does that make it more relevant or less
relevant than a cousin? If you're going to quote a
cousin as though a cousin's view, and you've seen it
with the Markle family as well, they go to any
number of cousins to talk about Megan, Why is a

(01:26:03):
cousin and their view remotely important? And if a cousin's
view is important, how many cousins down the track do
you go before it becomes unimportant? Or do you go
back to school friends, people he once met at a party.
Where is the line drawn? That's my question? Dine Away from.

Speaker 1 (01:26:16):
Nine the Mike asking breakfast with Bailey's real estate news togs,
they'd be.

Speaker 2 (01:26:22):
Get's away from nine. Great story floating about this morning
on our power, renewables, the whole renewables debate, and why
we're going into another winter, touch and go on, whether
we've got enough supply the New Zealand solar power. The
amount of production in this country has hit a record.
There's never been more solar power production in this country
is incredible. What percentage of overall generation do you think
solar accounts for the answer is one point three percent.

(01:26:47):
So for all of the you know, there's room to grow.
That's the good business story. I suppose peak of one
hundred and nineteen megawatts, which is enough to power one
six hundred and twenty households. I'm pretty sure there's more
households in this than that. So for all of the
so called you know, transformation and renewables, we've got a
hell of a long way to go. Five away from nine.

Speaker 1 (01:27:09):
Trending now with the Chemist Warehouse, the home of big
brand ftamins.

Speaker 2 (01:27:14):
Right as I was mentioning a moment ago, they're in
the courtyard. They're talking about Teessle's this is Trump and
Elon and he's obviously Trump has got to his mates,
because Hennity is in Fox, ais is hennity? By the way,
I've spoken poorly of EV's two hundred and seventy four
times during the last four years on Biden. Maybe it's
just a gesture on my part, and I like that.

(01:27:34):
I like new technology. But it's just a way of saying,
you know, look what they're doing.

Speaker 5 (01:27:39):
To this guy.

Speaker 2 (01:27:40):
What a sellout? What soft cock sellout? Now Trump's out.
He's looking at the Teesla's too.

Speaker 5 (01:27:49):
What is this one?

Speaker 2 (01:27:51):
I've a still bot away, by the way, So I
have a lot of information that Lindy's approached it.

Speaker 6 (01:27:56):
Yet I want to make a good deal here, you know,
I do notice this.

Speaker 20 (01:28:00):
They have one which is thirty five thousand dollars, which
is pretty low.

Speaker 1 (01:28:05):
What is that all about?

Speaker 2 (01:28:07):
He's never seen the thirty five thousand dollars car in
his life. Of course, you would never clue Elon as
you heard. It's a motal Why is with him?

Speaker 21 (01:28:16):
Means a lot?

Speaker 9 (01:28:17):
And also thank everyone out there who is supporting Tesla.

Speaker 12 (01:28:21):
It's really terrible that there's so much violence being created
against people.

Speaker 7 (01:28:26):
Like Tesla, Tesla supporters, Tesla owners, Tesla stores.

Speaker 9 (01:28:29):
These are innocent people.

Speaker 5 (01:28:30):
Who have done nothing wrong on that.

Speaker 2 (01:28:32):
He's right one hundred percent. He's right on that. Trump
and the end is borught an s But the plaid
version the plan if you've never been in one, he's
brought the s play mind. Well, so Trump hasn't even
made up his mind. Well, how can you run in there?

Speaker 18 (01:28:45):
Ry, He's got the full range there on the White
House driveway, just so he can pack which one he likes.

Speaker 2 (01:28:50):
Well, he needs a cyber truck. I'd say go with
the cyber truck because it's the ugliest thing in the
history of cars. But at least you know you're coming.
It's a massive thing. So Hannity bought the s plaid
in the US, the s plants, that's the super powerful one.
It goes zero to one hundred and just some ridiculous number.
But you're going to warm the battery up, and the
batteries very rarely that warm, and it sort of doesn't work.
But well it didn't work the time I was in one. Anyway,

(01:29:12):
That is us for today. Back tomorrow morning from six
as always Happy Days.

Speaker 1 (01:29:21):
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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