Full Show Podcast: 06 May 2025

Episode Transcript
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Speaker 1 (00:00):
Is your source of freaking news, challenging opinion and honors facts,
the Mike Hosking Breakfast with a Vida, Retirement, Communities, Life,
your Way, News, togs heads and welcome today.

Speaker 2 (00:12):
The pre trade negotiations under way within the year. But
our film industry of course reading over these one hundred
percent tariffs on movies. So John Key on sparking up
the New Zealand economy. You moves to fire up tourism
as well. Nick Brian on democracy, elections and the flight
to familiarity. Catherine and France rod in the UK Hosking
seven Poser six Welcome to the day Now regulars will

(00:32):
know my view on the pending sale of the Fontira
consumer business. If you're not up with the Playfonterra want
to offload various brands Mainland Capity anchor the stuff you
see in the supermarkets. They argue they're better at the
bulk stuff like milk powder and the associated by products,
the R and E being of course, one of the
one of the by products of milk powder is ice
cream and cheese. So a road show was held, Explanations

(00:53):
were offered to the shareholders and the latest news as
we have some interested parties. Now interested parties is a
double edged sword. Good that we have people wanting to
hand over cash, that'll be good for the price of
this a bit of competition, but not so good because
interest to me means people see what Fontira don't want to,
making it a bit tricky. Is Miles Hurrel, who's been
on this program and explained very clearly why he's doing

(01:15):
what he's doing, And who am I, or indeed anyone
to argue with Miles, given Miles has done an amazing
job with the company and seems on a bit of
a role. But one of the interested parties is Lactalis.
Now who are they? Well, they're the biggest dairy player
in the world, which sort of backs up my point.
How is it a French dairy giant wants a bit
of what a New zealandery giant doesn't. How Come a
company in the same market sees what I see and

(01:37):
Fontira doesn't. What is it they can do to accompany
they buy that Fontira apparently count this is all related activity.
Of course, there's nothing stopping Fontira being good at ice
cream or butter or skim milk. Are they seemingly decide
they just don't want to be And would Miles say, Lactalis,
I suppose that their sort of scale globally could market

(01:57):
and sell in a way we never could. Now if
he said that, he might have a point. But until
that becomes clear, my argument, I think is still alive.
I am not convinced they are. They aren't making a
big mistake, and at this level, a very expensive one
used at the world in ninety second, Well, the big
days in Britain at the moment it's eighty years since
the end of the war V E day are there

(02:19):
are bank holidays galore. They've rolled out Timothy's spall, no
list to conjure up the memories, no long years to come.

Speaker 3 (02:26):
Not only were the people of this island, but of
the world wherever the bird of freedom chirps in human arts,
look back to what we have done, and they will say,
do not despair.

Speaker 2 (02:39):
Pet was a codebreaker.

Speaker 4 (02:40):
We sort of instinctively headed to the palace. We thought
the king would have power, and they did come out
on the Belclare and everybody child and you know, a
great feeling of celebration.

Speaker 2 (02:55):
Exactly. There are some very good photos this morning of
the royals on that palace balcony that are worth looking up.
And after that they set down to tea with a
few of the vets. Special at least we could do. Yeah,
they seem very comfortable, lovely, lovely family. As I say,
look up the pictures. Ironically, as they remember one war,

(03:15):
they seemingly haven't learned many lessons given a current one
is still a mess.

Speaker 5 (03:20):
We decided to take intensified action in Gaza. That was
the Chief of Staff's recommendation, to move, as he said,
toward the defeat of hamas he believes this will also
help us rescue the hostages.

Speaker 2 (03:31):
And I agree with him and Gaza it's all but hopeless.

Speaker 6 (03:36):
We can no longer bear the pressure the war, the killing,
the death and bombing.

Speaker 2 (03:41):
We can no longer endure anything. What more can happen?

Speaker 5 (03:45):
Children have died, children have been displaced, children have gone hungry.

Speaker 2 (03:50):
And then we come to the movie business. Roll the
credits if they're not willing to make a movie inside
the United States, and we should have a tariff when
movies had come in.

Speaker 7 (04:00):
And not only that, governments are actually giving big money.

Speaker 6 (04:02):
I mean there's reporting them.

Speaker 2 (04:04):
Finance, so that's sort of a threat to our country.
In a sense on that he is right and disputably,
and we'll talk about our role in this shortly. Finally,
insight into the American hygiene. We've got the survey from
the National Foundation from Infectious Diseases. It's found almost half
of all participants either forgot or chose not to wash
their hands at key times. Sixty two percent said washing

(04:24):
your hands for twenty seconds with soap and borughtem wasn't
he the correct method? Well, twenty percent chose not to
wash their hands at all because they either believed the
practice isn't necessary, they didn't have time, or they didn't
want their hands to dry out. Perhaps not surprisingly, the
sixty prices wash their hands more than any other group,
and women wash their hands more than that. As new
as the world of ninety You're going to have a

(04:46):
government in Germany tomorrow. I think the good Lord if
you every time we complain about negotiations and how they
take too long in this country, tried Germany. I mean,
tell me when the election was and tell me how
long this is all taken. Anyway, they've literally just a
short time ago signed the actual co deal. They take
office tomorrow. This will be the CDU their barbarian sister party,
the CSU and the German Social Democrats the SPD. They

(05:10):
vowed reform tomorrow quote unquote, you will get a government
that is determined to move Germany fords with reforms and investments,
so said the new Chancellor, mister Metz. Twelve pas six.

Speaker 1 (05:24):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, Power
by News Talks EB.

Speaker 2 (05:32):
I'm reading about Greg Able this morning. Who after the weekend,
Warren Buffet said, I'm retiring and Able was on the stage.
We talked about this this time yesterday and he didn't
know what was coming anyway. Fun fact for you this
Tuesday morning, Warren Buffett return. Guess how many percent to investors?
What sort of return on investment did Warren Buffett give
then investors? Five million? Five million percent? Fifteen? And jam

(05:55):
I Ralph Andrew kellerher.

Speaker 8 (05:56):
Good morning, very good morning, Mike.

Speaker 2 (05:58):
Now, the American economy, what are we go? We've got
some numbers. What's the read?

Speaker 9 (06:02):
Yeah, So the US markets that they've navigated their way
through the first trading day of the week and it
looks relatively under control. Unfortunately, at this point we had
that winning Street going on the s and P five
hundred and nine consecutive days looks under a little bit
of threat because right now the S and P five
hundred is down ten basis points.

Speaker 8 (06:20):
So we just need to we need to gigg it.

Speaker 9 (06:23):
Along a little bit and get it up so we
get ten consecutive days.

Speaker 8 (06:26):
We might not get there.

Speaker 9 (06:27):
So look, we continue to be reasonably hyper sensitive actually
over there to every data print. So we're trawling through
these numbers to get a read on the impact that
the introduction of tariffs is having on the US economy.
You know what effect is the uncertainty having. This week
we head into another Federal Reserve discussion on the level
of the Fed fund rape, so we'll get their read
on what's going on and potentially fire up that Trump

(06:49):
Pale standoff.

Speaker 8 (06:50):
Again.

Speaker 9 (06:51):
Not a lot of dub this week, but overnight we
did have the Institute of Supply Managers their Services Index.
Now this follows on from the Partner Survey their manufacturing
index last week, which although it was in contraction of territory,
was actually a little bit better than expected. Services index
overnight similar outcome fifty one point six, So it's inexpansionary

(07:11):
territory and higher than the previous reading, and also higher
than economists had expected as well. So, Mike, if you
take a little step back, because you know, if in doubt,
zoom out. If I look at the last couple of weeks,
the data has been reasonably resilient and probably a little
bit better than expected accept for these blooming confidence surveys.

Speaker 8 (07:30):
So but you dig into the detail and there are
some warning signs.

Speaker 9 (07:34):
So if I look inside the services index, this thing
called the price is paid index, So this points to
what a price is doing, points to inflation that jumped
four point two point four point two points, so it's
at a.

Speaker 8 (07:45):
Two year high.

Speaker 9 (07:46):
It's sixty five point one the next level, and forty
percent of purchasing managers are now reporting higher prices. So look,
I've warned Mike about the data that it's going to
be noisy, probably a little.

Speaker 8 (07:56):
Bit more unreliable than it would normally be.

Speaker 9 (07:58):
But there was an interesting comment with in all of
the comments that came through in the data, and that's
that the actual concern for purchasing managers are the real
pricing impacts. Yes, the uncertainty is one thing, but it's
when it starts hitting the hard data. But you know, generally,
so it's when the sort of rubber starts hitting the road.
We also got the final read on the larger the
S and P Global PMI overnight, so that went from

(08:21):
the provisional reading of fifty one point two down to
fifty point six. Also, the COMPSONT Index from fifty one
point two also weaken down to fifty point six. But
what you have seen like this slightly stronger data. You
go back a week or two ago and the markets
were expecting four interest rate cuts from the Fed. This week,
they've pared that back to three because the data is

(08:42):
coming out a little bit better than expecting.

Speaker 2 (08:44):
And speaking of which, what about the Chinese and their manufacturing.

Speaker 9 (08:47):
Yeah, so we sort of made a commitment to try
and keep the sort of China data current because one
side of the tariff uncertainty is obviously the US economy.

Speaker 8 (08:53):
The flip side of that coin is what's happening in China.

Speaker 9 (08:55):
Now, we did get a view into this last week
with these pmis again coming out of Asia and China,
and I guess what, reflecting what I've been saying about
the US, the China number.

Speaker 8 (09:05):
A little bit better than expected at.

Speaker 9 (09:07):
The headline, So you've got what's effectively a trade embargo
between the US and China, got things like TMU and Shine.
They're shipping stuff from China to America anymore. You've got
the anecdotal evidence from the likes of Zuru, you know,
potentially sort of slowing production while they assess how to respond.
In the face of all that, the Kaijin PMI was

(09:28):
still above fifty, still expansionally. Admittedly it's easing, but not
to the degree that may have been expected. So we're
not actually seeing sort of cratering damage yet. Look new
orders growth that did ease to a seven month low.
You started to see this renewed fall in exports, slight
reduction employment. Business confidence slipped to the third lowest on record.

(09:50):
I look at the official.

Speaker 8 (09:51):
PMI that was below fifty.

Speaker 9 (09:54):
Again we're seeing we're seeing some evidence their new export orders.
They're at their lowest level since December two, twenty two.
But you are seeing a theme of hesitancy across Asia.
If I look at pepper like and sort of key
exports like Taiwan, their pmight that was downbeat, forty seven
point eight, that fell. They're downbeat for the first time

(10:14):
at eighteen months. South Korea business conditions worsened as well.
Sharpe has fallen output a new order since mid twenty
twenty three. The PM on their forty seven point one.
So you are seeing a global impact. Asia will slow
but at this stage not quite as bad as you
might have expected from the headlines. That is our backyard though,
and but at this stage holding up only numbers yep.

(10:35):
So the Dow Jones is up one hundred and thirteen points,
about a quarter percent, forty one, four hundred and twenty eight.
As I said, the S and P five hundred, it's
down ten points. We just need to get that up
a little bit five six seven seven. At the moment,
the Nasdaq seventeen nine hundred and forty two is down
point two percent. The Forts one hundred, well, they didn't
trade overnight, as you just said, they're having a holiday.

Speaker 8 (10:56):
The NICK up three.

Speaker 9 (10:57):
Hundred and seventy eight points, just over one percent, three
six eight three to oh. The OSSI's yesterday they greeted
the new government with a one percent fall in the
A six two hundred eighty one five eight the clothes
there and the n SX fifty they had a good
day up three cores of percent. Ninety three points twelve thousand,
four hundred and twenty one Keemi dollar point five nine
sixty two against the US point nine triple two against

(11:19):
the ossie point five two seven six euro point four
four to nine agst. The pound eighty five point nine
two Japanese yen gold still strong, trading at three thousand,
three hundred and fifteen US dollars. Brent crude still just
hanging around the sixty dollars sixty dollars and thirty three cents,
so a little.

Speaker 2 (11:36):
Bit weak, good as it should be. Putting more into
the market. That's what happens. Nice to see you, Andrew
Kelleher jmiwalth dot co dot n Z Bubleway sketches deal
this morning on Oby the world's rooted shoes, the sketches
or just the second or third rout of shoes in
the world. You got crocs, burks and sketches. Anyway, there's
a private equity firm called three G Capital, who, by
the way, not particularly worried about the tariffs. They see

(11:58):
it as a long term ply they're a good company
and they paid a thirty percent premium. So what is
the company that makes sketches worth try nine and a
half billion dollars six twenty one. Your News Talk said be.

Speaker 1 (12:16):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at B.

Speaker 2 (12:22):
Just to wrap up Romania for now, the guy SimMan
won it recentably handsomely, actually came up with almost forty
one percent of the boat. In fact, they were looking
for fifty. If he got fifty, it would have been over,
but they didn't, so forty point one forty point nine rather,
and the other bloke got twenty one. So they're going
to have a run off the eighteenth of a lot
of angst in Europe around that because a lot of
business is done through Romania, mainly out of Ukraine. So

(12:43):
this guy is very pro Trump, pro Russia. So it'll
be interesting to see what happens next. Now, movie time,
of which we're a major part of course, he's here's Trump.
He putting the boot into California.

Speaker 7 (12:54):
Are film industry has been decimated by other countries, take amount,
and also by incompetence, like in Los Angeles, the governor
is a grossly incompetent man. He's just allowed it to
be taken away from you know, Hollywood, Hollywood doesn't do
very much of that business. They have the nice side
and everything's good, but they don't do very much.

Speaker 1 (13:15):
Trending now with the Kimmer Square House your one stuff
for Mother's Day fragrances.

Speaker 2 (13:20):
One thing they have done is got Denzel Washington Spike
Lee back together again new project Highest to Lowest English
language remake of an old school Japanese movie called High
and Low Music Mogul suddenly becomes the focus of a
ransom plot, faces moral dilemmas along the way.

Speaker 8 (13:35):
There's more to life than just making money.

Speaker 10 (13:39):
It's integrity.

Speaker 8 (13:40):
It is what you stand for.

Speaker 11 (13:41):
It's what you actually believe.

Speaker 2 (13:44):
If you believe in yourself, you believe you'll be successful.

Speaker 12 (13:52):
And the hard time will come from the good times.
The hard time will come from success. The hard time
will come from the money and then mayhem followers. So
can you handle the man? Can you handle the money?
Can you handle the success? Can you handle the failure?
Can you handle the lovers? Can you handle the memes?

Speaker 2 (14:09):
Can you handle everything that there is in between?

Speaker 11 (14:15):
That's the question I have for you.

Speaker 10 (14:18):
Can you handle it?

Speaker 2 (14:20):
Denzel Washington, Dean Winter's Jeffrey Wright. No, I'd never heard
of them. I lock them up and I still really
hadn't one of them turned up in thirty Rock and
Lauren Order and stuff. Asap. Rocky's in There is going
to hit to theatres August twenty two. It will eventually
be on streaming Apple TV from the fifth of September.
Top text Mike Liam will need a new job soon
on developments in the F one. This morning, Duan's been

(14:42):
sacked and if he hasn't officially been sacked, he's about
to be sacked. So Colo Pinto is in and Manick
Ryan in Melbourne and the Australian election. She claimed victory,
but the counting goes on and she's not as safe
as she was anyway. Nick Brian on that later meantime news.

Speaker 1 (14:57):
Next the new scammed, the news makers, the mic Hosking
breakfast with the range Rover villa designed to intrigue and
use Tog's head be I don't.

Speaker 2 (15:08):
Want to speak too soon, but Williams is on a comeback.
Seventeen eighty started It's for all money over in the
World Snooker Championships, but it's gone nine and now Team
two plays two.

Speaker 10 (15:21):
Tomomalis's name. He couldn't he.

Speaker 2 (15:26):
Couldn't put I love it. The crowded behind him too,
by the way read Liam. And there's a lot of
commentary now about you know, Liam, and what he needs
to do, and a lot of it's not his fault
and when you get run into and all that stuff.
But if you look, I was just thinking because Jack Dowan,
I mentioned before the news about to get sacked by
Elping and he will be replaced by Colo Pinto, And

(15:47):
that was always coming in a way that colo Pinto
looks to be the goods. Jack Dowan could have been
the goods, but it doesn't appear he is. But if
you look at the the debutantes for the f one
season bought a Letto disaster, Beerman has got a couple
of points, but has hardly set the world on fire
once again. He's got these same problems that Liam's got.
His car's trouble, Dowan's been a problem, Lawson is failing

(16:09):
to fire. Some of it's his fault, some of it.
Isn't the only one who's done well by way of
a beginner or a ub to the scene, as Antonelli,
who has one probably a genius, but also in a merceding.
So he's got an advantage twenty two minutes away from seven.
I got the week off before their head to Italy
and there's a triple header I can't remember against Ettie
Monico and I think Canada's in there in the three

(16:31):
as well. Anyway back here another idea to fire up
our tourism sector. We had a group of North Island
tour operators joining forces as a sort of collective. Martin
Bridge of the Far North basically and everything in between.
Any Dundas is the destination director at Auckland Unlimited and
is with us very good morning, Anny.

Speaker 13 (16:47):
Good morning Mike.

Speaker 2 (16:48):
Is segregating a small country into smaller bits a wise
thing to.

Speaker 13 (16:52):
Do, well, We've done it for a long time and
now we're kind of getting back to being the northern
and not acknowledging how well the South Island's done and
a lot of the international work they've done. So it
just makes it easier for our international partners to work
with us.

Speaker 14 (17:06):
Well.

Speaker 2 (17:06):
I was going to say that are we sliced so
small that no one knows what's going on? I'm not
trying to be negative here, but I'm just working out
from an international marketing perspective. New Zealand Inc. Is one thing.
Suddenly you're going, well, hang on, you can have the
South Island. Now you can have a bit of the
North Island. Or wait a minute, if you're in the
North Island, how about rhoda rural kit. You know what
I'm saying, Yeah, I do.

Speaker 13 (17:26):
And I think we've got this so much going on here,
which is the track. But what's happened since COVID is
things have contracted a lot overseas, We've got less partners,
they're all working from home. We've got to get smarter
about how we turn up overseas, and us going as
the North Island is kind of an easier proposition for
many of our partners to unpack and sell.

Speaker 2 (17:46):
When you put together a coalition like this of the
North Island, how much due diligent goes in to say,
if I'm going to put you in my North Island package,
you and Kerry Carey, are you up to speed? You
and Martin Borough do you know what you're doing? You
in rohte A rule? Are you as good as these
other two? That sort of thing.

Speaker 13 (18:03):
Every single region has a job to do to build
capability within their own region around are they international ready?
So there's a lot of work that goes on from
a tourism New Zenan level into our local level, and
that's really important as we kind of build operators and
new products and expanses to sell overseas. So I guess
we start with the call the good you know, the

(18:24):
coll stuff, and then obviously we're trying to build all
the time in terms of adding new product.

Speaker 2 (18:28):
I noted in reading about this yesterday there was a
claim that you'd done something similar with Australia to increase
the Australian tourism traffic, which appears in the last year
two have worked. So this is material. You can kpi
this and say it's successful.

Speaker 13 (18:41):
We can We've kicked off with Rodaura and Auckland Airport
with a two plus two too Easy campaign which went
really well, saw a lovely list and an Australian arrival
sort of threat to the end of feb and this
is kind of adding more regions into that kind of
max as well. So yeah, we've got a sort of
semi proven formula and now we're kind of going a
bit bigger.

Speaker 2 (19:00):
All power to your arm, hope it to smash hit.
Annie Dundas, who's with Auckland Unlimited with us this morning,
doing the whole North Island nineteen minutes away from seven
PASKI who is always going to be the way? Just
let me give you a flavor, Mike, in regards to
Erica Stamford, I think it's time the government defunded TV
and ZED. Mike, I hope you're going to smash TV
and ZED this morning. Why I continue to watch is
beyond me. To lead a story on the wrong use

(19:20):
of email and security protocols is beyond comprehension.

Speaker 15 (19:23):
Mike.

Speaker 2 (19:23):
Sounds like we need to do an expose on the
TV one News editor, their journalists, and the Labor Party.
Mike won an absolutely pathetic beat up non story TV
one News paraded last night to be fair to TV one.
TV three also ran with it and ended with the
words I can't remember the woman's name, but she ended
with the words Jenna Lynch. She ended with the words

(19:44):
how much trouble She's going to be? And I thought,
we're at school, We're at kindy. This is what passes
for news these days. Unfortunately, I'm not here to defend
or otherwise these operators, but the text gave it away.
If you continue to watch that because you think it's
a credible news source. There more fool you because every
day that those sort of stories are Technically, yes, she's

(20:04):
broken the rules. You're not supposed to use another email,
but she sent herself the material, so in other words,
she sent it to herself. It's her material. She's sent
to another of her computers. Now there is almost impossible
to believe Part two coming tonight allegedly if it turns
out Erica's been feeding this information to the Russians or

(20:25):
the Chinese, fine, no problem, I'll apologize tomorrow. My suspicion
is Erica's above board, Erica's a good minister, Erica has
done nothing wrong, and this, yet again, is another monstrous
beat up by people who should know better. Eighteen to
two The.

Speaker 1 (20:41):
Mike Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks EPI.

Speaker 2 (20:48):
Actually speaking of spurious reportage this business from Retail New
Zealand yesterday about the ninety nine percent of people who
had experienced either crime and no one split, the difference
and anti social behavior all piled into one story. Let
me come back to that in the moment.

Speaker 1 (21:03):
Six forty five international correspondence with ins and Eye Insurance,
Peace of mind for New Zealand Business France.

Speaker 2 (21:10):
Captaine Field, very good morning to you. Good morning man.
I've been busying myself in the early hours of this
New Zealand morning watching the balcony at the Buckingham Palace
and the royal family there, looking at the flyovers and big, big, big,
big deal in your part of the world.

Speaker 16 (21:23):
Oh, absolutely huge. Eightieth anniversary of the end of the
Second World War in Europe very much subdued this time around, Mike,
and very much a focus on national rather than international
commemorations we're seeing. Of course the Brits did at first,
as they did it on Monday, which was a public
holiday there, but they did also have other troops from

(21:45):
other countries taking part. Of course, there were some French
troops there and also some Ukrainian troops. So that's very
much how it is. It's going to be commemorated here
in Paris on Thursday. Again very much a lo o
key type of commemoration, one that's going to be more
about remembering the values that were fought for in the

(22:07):
Second World War, liberty, democracy and also the sort of
shared goals. A real difference from say ten years ago, Mike,
when there was the American Secretary of State at the time.
John Kerry was here in Paris for the commemorations. Don't
think we're going to be seeing any of that type
of American presence here in Europe over the next couple
of days.

Speaker 2 (22:28):
I've also been watching mister Merch sign the document that's
taken It is this unusual. I mean, we get really
angsty in this country trying to put together a coalition
and if it goes beyond two weeks where we're like
beside ourselves and this has taken a lot longer than that.
Is he going to reform Germany? Is this genuinely different
or not?

Speaker 16 (22:44):
It does look as though it's going to be different.
You're quite right. Make we'd all forgotten about those German
elections because they were held back in February, so there
was a lot of time for people to get very ansty.
It does look as though he's going to change things.
It's going to shake things up. I mean one of
the first things he did was announce is going to
be this huge what is it about five hundred billion euros,

(23:05):
so that's what about nine hundred billion New Zealand dollars.
Fun for getting the economy going again, that's going to
be put into infrastructure. The big thing that people are
looking at on him though, mic is that he comes
from business. Even though he's been in and out of
politics several times. He says that he knows how the
country can.

Speaker 2 (23:24):
Be made better.

Speaker 16 (23:24):
He says he knows how it has to be more
focused towards Europe. And the other thing they're really looking
at Mike is not just the fact that Germany is
Europe's largest economy and it's got to get it back together,
but also he will be more on the right same
wavelength as French President of Manual Macron. Both of them
come from business. Let's not forget that Manual Macron's mandate

(23:45):
ends on two years time. So Macron's in a bit
of a hurry to get things going, to really put
his legacy as the man who helped put Europe back
on its good economic.

Speaker 2 (23:56):
And sound footing.

Speaker 16 (23:57):
But also Fredrick Metz, he's really and patient to show
that Germany can get back in the running and can
actually be a not just a political force for good,
but also an economic driver as it used.

Speaker 1 (24:09):
To be in Europe.

Speaker 2 (24:10):
Well, it's wishing, well, how is it possible? So the
Berlin the German spy agency has classified the AfD as extremist,
which means they can now monitor them and tap their
phones and do all of that. Now, this is, whether
you like them or not, a legitimate political party that
got quite a lot of support. How much angst does
that create?

Speaker 16 (24:30):
Well, interestingly enough, yeah, that domestic spy agency, the fafasen Shutz,
has declared that this party is a right wing extremist
group and it bases this on the party's disregard for
human dignity. It's said that the party's prevailing understanding of
people was based on ethnicity and dissent, and it says

(24:52):
that's incompatible with free, democratic basic order. Now, all that means, Mike,
is that you're, as you rightly said, it could be monitored.
They can listen to their phones, they can undersetp party communications.
They cannot ban the party now, obviously, because of germany
It's history, banning a party is really a no no.

(25:13):
But interesting enough, leaders poll out shows that forty nine
percent of Germans are in favor of banning the AfD.
But as you rightly say, you know, the AfD has
got one hundred and fifty two seats in that new parliament.
It is the second largest parliamentary block, so how they
go about this will be very difficult. The AfD, for

(25:33):
its part, has said this is complete nonsense. It's blow
for democracy and they're going to challenge it in the courts.

Speaker 2 (25:39):
We will, So you're seeing Katherine appreciate it as always.
Catherine Field in Europe for us on Tuesday morning. By
the way, speaking of political parties, that are nation numbers
came out yesterday and they were interesting. So I'll get
to them a little bit later on the program, but
I got an insight into the economy for your next
ten to seven.

Speaker 1 (25:53):
The my Casking Breakfast with Bailey's real estate news talks
be could he had all the over that surprises.

Speaker 17 (26:01):
But I wouldn't be market part with you.

Speaker 18 (26:04):
Another character filled in rage wonderful stuff. Can he take
us to them?

Speaker 2 (26:09):
Mid session interval who knows seventeen eleven started at seventeen eight.
He was get I mean it was like something like
seven to one in the initial session yesterday. He was
getting absolutely caned and it was over, which was a
shame because he had played brilliantly through the whole tournament
but had probably been pushed to hard. The Higgins semi
final was fantastic to watch. Come on, Mike, you seem

(26:32):
to be someone who believes in high standard. Stanford should
be a bit smarter than a rookie mistake. I agreed. Look,
I said she's broken the rules. No one questions she's
broken the rules. It's a cabinet manuals she hasn't broken
the law. It's a cabinet manual. And the cabinet manual
says something along the lines of to your best endeavors.
But I know if you want to look up Newsroom.
Back in twenty eighteen, documents released under the Official Information

(26:54):
Act showed that David Clark, Kelvin Davis, Chris Fharfoyd, Chris Hopkins,
Ron Mark Eugenie said Phil Tweyfe had received official emails
at their private email addresses. They handled their official correspondent
slightly differently. Hipken said there was regular interaction between his
private and official duties. Diary contained both personal official appointments,
for example, but he maintained that he forards all official

(27:15):
corresponders to a senior private secretary so that they become
public records. So he's defending himself. Then he was breaking
the rules back in eighteen. So why isn't our newsroom
asking him, by the way, while I've got you on
the phone here in twenty twenty five, Chris, back in eighteen,
you were doing exactly the same thing. Do you see
yourself as a hypocrite? Five minutes away from seven?

Speaker 1 (27:35):
All the ins and the outs. It's the fizz with
business fiber take your business productivity to the next level.

Speaker 2 (27:42):
Now, our new numbers from the fine folks at Centric's
Credit and Decatur for March mixed bag. We've got a
mixed bag. After a couple of months of falling a riars,
March saw the numbers rise up nine thousand. We got
four hundred and ninety thousand of US twelve point six
percent of US with credit debt. That rises an unusual
because it's got that seasonal peak fiber bat. But some
long weekends Easter Anzac Day, we go out and spend

(28:03):
a bit of money. Then we realized we didn't have
the money to spend in the first place. One hundred
and seventy thousand of US Ober a month late on payments,
which is down a little bit first time since February
last year. That personal loan areas are back over ten percent.
Not good vehicle loan areas. Credit card areas up per
smage to five point eight percent and four point seven
percent percent respectively in get easier money from the bank.

(28:25):
So it means we're not using the BNPL as much
as we used to. Home loan areas their upper smage
over and above seasonal expectation. So we've got twenty four
thousand residential mortgages there past due. Is that a lot?
Not really, it's one point five eight percent of mortgages,
So ninety eight point four six percent of us are fine.
New mortgage lending is up significantly. Household lending is up significantly.

(28:49):
Business credit demand is up a bit bigger arts and
rex sector up twenty three percent, property up twenty one
financial services up twenty credit defaults. Business credit defaults also
up to faults at thirty eight percent in transport, twenty
nine percent in construction. I note that across the Tasman
from Westpac, fewer customers struggling to make loan repayments, so

(29:10):
they're okay. And Westpac came in with their profit. Do
they make a profit here in New Zealand? West Pec?
You bet they did. For the six months to March
ten percent rise half a billion, five hundred and twenty
five million dollars worth of profit. What's that margin, Mike? Oh,
the ness interrist margin. Yes, let me tell you that's up.
It's gone up. So it's bigger than it was. What
a surprise. So they bumped that by fifteen basis points

(29:33):
to two point two six percent. Is that higher, Mike
than it is in Australia? Yes, it is, Mike. So
could the banks on this particular part of the world
be gouging us a little bit? Quite possible, Michael, India
free Trade, Tim Grosser, he's with us. Next.

Speaker 1 (29:48):
The only report you need to start your day the
my costing Breakfast with Bailey's real Estate, your local experts
across residential, commercial and rural news Togsdad be.

Speaker 2 (29:59):
Buding a as past seven just before we get to
the free trade deal with India. This much about the
rads would.

Speaker 18 (30:07):
Love to go the same scrip with bold players leave
the arena. Can you believe it? We're talking about the
one train. We've got to misessments of all incredible stuff
from Mark Williams.

Speaker 17 (30:18):
What a tell?

Speaker 18 (30:19):
Gain still trails old seventeen twelve.

Speaker 2 (30:23):
Then the snooker. This is the final A few are
just joined us this morning right to try next step
in our year's long journey to try and get this
FTA with India. The government delegations landed in New Delhi
for the first in person round of negotiations. The politics
of it is interesting. The Government of Courses promised this
deal in their first term, so what chance? Former trade
mines to Tim Grosser, but there's Tim morning to you.

Speaker 14 (30:41):
Good morning, Mike.

Speaker 2 (30:42):
What are your assessment of the chances?

Speaker 14 (30:45):
Well, look, if past form were any guide, they would
not be very encouraging. But I think the landscape and
I'll elaborate on in a second, but the landscape is
changed as a result of Trump's trade bombs, and I'm
thinking that will change the odds of pulling this off.
And it's a good idea anyway, to have a go,

(31:07):
whatever the chances of success are, because this is the
world's emerging third largest economy and we are undoubtedly will
have a much bigger economic future with India regardless of
how the talks go.

Speaker 2 (31:20):
Is the political overlayer problem for us? When you promise
it will be done term one, the pressure's on you
and the Indians know it, don't they.

Speaker 14 (31:28):
Oh, look, I don't think that's a real issue. The
negotiations will run their normal course of events, and as
long as the government's making a lot of progress in
the period of time, I don't think this is a
large issue. The larger issue is India with a track
record or walking away from negotiations. Is India now prepared

(31:50):
to move forward commensurate with its enormous future role in
global trade? And that is something that has to be
answered by India not buying New.

Speaker 2 (31:58):
Zealand exactly as you would well understand, we then have
a deal versus a deal. I mean, just getting a
deal can't be hard if you're prepared to give everything
a why do we get a good deal?

Speaker 14 (32:09):
Well, we've we've got very little to give away because
of already an open economy. The Indians will not do
this because they want better access to New Zealand. The
Indians will do this because they see a broad a
strategic rationale. And that's where I come back full circle.
So look, just go back on the history of this.
John Key and I started a negotiation exactly on these

(32:31):
lines in twenty ten. The Indians who have a track
quick word of moving unbelievably slowly on international trade issues,
took this into ten rounds of negotiations. The bilateral FDA
was abandoned in twenty I think twenty fifteen when India

(32:52):
joined the larger FDA idea of this Asia Pacific thing
called the Regional Comprehensive Economic Partnership Agreement, which involved China,
the Southeast Asians, Australia, New Zealand, and even that fell
apart when India was invited to leave the negotiations. So
India has got this very protectionist history, but I think

(33:16):
India is coming out of that, out of that, and
I think there's a real chance of.

Speaker 17 (33:20):
Pulling this off.

Speaker 2 (33:21):
Good stuff, Tim, Nice to talk to you again. Tim Grosser,
former Trade minister, speaking which Donkey's on the program just
after seven to thirty on other matters this morning, although
we'll cover that off obviously. Ten past seven PASKW the
old farm conversion debates back as we get the latest
numbers around stocks. So the number of sheep has dropped
twenty one percent over the past decade. We're down to
twenty three and a bit million of them. Dairy cattle
numbers are down thirteen percent. Beef cattles holding steady. Now

(33:43):
these figures come out the same day, of course, as
we hear another couple of Hawk's Bay farms have been
flicked offshore for forest reconversion. The Associate ag Minister is
Andrew Hogart of course is whether it's Andrew morning to.

Speaker 15 (33:53):
You, Good morning Mike.

Speaker 2 (33:54):
Do you take a side on conversion? Where are you
at with it?

Speaker 15 (33:58):
Well, obviously the government's still got legislation coming forward that
will do a moratorium on these full farm forestry conversions
and then allow cap for the sort of lower class
land of how much can be done. So look, personally,
I do think it's a concern where you have these
complete whole farm conversions. I prefer to see a mosaic.

(34:22):
You should be able to have good quality land doing
stock or crops, and yes, some of the poorer quality
land put it in forestry. That's as a farmer, that's
a sensible way to do it.

Speaker 2 (34:32):
And given the numbers we're getting from export at the moment,
is the drop twofold question? Is the drop in stock
purely conversion related? And if the drop and stock doesn't
matter how it's dropped, are we worried that we're not
doing enough when we can get good money for what
we make.

Speaker 15 (34:49):
Well, we're still you know, primary production across the country
is still earning, is projected to earn more and more.
You look at horticulture that's going up. So I mean
some of the drop and dairy is because of people
switching to kiwi fruit and apples. You know, That's how
New Zealand farming has succeeded over the years of having
that land use change going to where the better value is.

(35:11):
So you know it, we're still good personally. I think
there's also a cost element to this with RIMA and
all the other rules and regulations that kind of hold
farmers back. And you know, I visited a farm where
the guy had all these wetland rules in place on
him and all this fencing requirements he had to do,
and in the end it was just listened to, bloody heart,
I'll just put it all in the forestry. So there's

(35:33):
an element of the work we're doing around rm A
that I hope will provide a bit more common sense
and sensibility going forward to farmers to make smart decisions
on their farm and not just give up in plant trees.

Speaker 2 (35:45):
While I've got you, you're going to be on the
Fontierra consumer sale.

Speaker 15 (35:50):
Well as a Fonterra shot.

Speaker 10 (35:51):
Are you I do?

Speaker 15 (35:54):
I think you know, I'm waiting to see the you know,
the full detail of it. But historically we haven't made
a great deal of return from these consumer products, and
you know, it's been a good return. And obviously we're
attached to these brands, but actually it's this consumer business

(36:16):
or the business to business side of it that's actually
runing the real returns. And so you know, I want
to see my money invested or it's going to generate
the most return.

Speaker 2 (36:26):
Good insight. I appreciate it very much. Andrew Hoggard, the
Associate Agriculture Minster, speaking of which are ten minutes past seven.
The two farms we referred to in Hawk's Bay, one
was eight hundred hectares, the other was four eighty hectares,
and they're sold for I mean, look, I know it's
a lot of money, but if you live in Auckland,
it's not eight hundred hectares of prime land sold for
eight million, four hundred and eighty hectares five million in

(36:48):
buy a house worth more than that in Auckland. I
don't know if we're selling it off too cheap. Anyway,
Speaking of which, the and the reason the sheep stock
numbers we should be worried about. Westpac they had a
look at all of this and therefore casting a milk
prime of ten thirty for the season next season ten bucks.
It's big money, so we need sheep and cows and
all of that. Meat prices they see further increases beef
prices are production constraints in the state, so we're taking

(37:11):
advantage of that. The tariff's likely to be manageable. They
reckon lamb more. They expected to lift strong demand out
of Europe in the Middle East. Hought elevated and remaining
elevated orchard that's Kiwi fruit apples, elevated gangbusters. The only
bad news is locks. So we're planting trees and the

(37:31):
logs don't earn as much money. The stuff we're getting
rid of it is earning money like we've never seen.

Speaker 1 (37:36):
Quarter past seven the Mic Asking Breakfast Full Show podcast
on iHeartRadio powered by News Talks That.

Speaker 2 (37:44):
Be John Key Shortley Nickbrand after right seventeen past seven, Well,
the Trump ideology is well and truly landed on New
Zealand shores of the universal ten percent on everything didn't
rip unity. How about the one hundred percent on movies
made outside America.

Speaker 7 (37:56):
I'm not looking to hurt the Indus, joy, I want
to help the industry, but they're given financing by other countries.
They've given a lot of things, and the industry was decimated.
If you look at how little is done in this
country now, you know, you think we were the ones
We used to do one hundred not long ago, one
hundred percent. Now we do almost like very Little's shuck in.

Speaker 2 (38:20):
Screen Production Development to Assistant president Associate president Iron Gardeners
with us iren.

Speaker 19 (38:24):
Good morning, Good morning mate.

Speaker 2 (38:26):
He's right, isn't he. We subsidize and he wants to
balance the playing field.

Speaker 19 (38:32):
Well, he's not entirely right, because actually the problem he's
trying to solve, which is building in particular Hollywood LA
back up again. There's a few contributing factors there to
do with COVID, the strikes, the fires, and there'd actually
be different ways to do that, including looking at their
own incentives and the type of films they make and
so on and so forth. So he's kind of that's

(38:55):
the problem I think he's trying to solve because he
hasn't quite got his green industry terminal. You right, He's
actually talked about films not made in America getting the
terrifle that would actually not be American films that shoot
somewhere else, that would actually be you know, like a
New Zealand film like Tina couldn't go there. But I
don't think that's what he means. What he means is

(39:15):
the big films that are taking an incentive.

Speaker 2 (39:17):
Do you actually know, I mean, no one knows what
he means, does he? So, so what happens you shoot?
You shoot something in Los Angeles, then you flick a
bit of it off to wetter and then they finish
it off somewhere else and then they take it back
to America. Now is that American made or not?

Speaker 19 (39:30):
Well, see, that's still an American movie, it's still in
American production. That's where it's terminology is quite confusing. And
so I don't know how you could actually do what
he is talking about doing. And I guess that's what
will shake down in the next few days. And that's
why I would tell you our members and other screen
industry not to panic. But but you know, people do

(39:51):
get very unsettled because the American movie is either shooting
here or post producing here, you know, using wetter special
effects or whatever. That's a huge chunk our screen industry money.
And you wouldn't want to lose that, and you wouldn't
want to lose the training grounds and all of that,
and it won't actually help solve the problem. And people
don't only shoot in a territory because of the incentives.

(40:12):
I mean they shoot in New Zealand sometimes because of
physical things. We've got landscape things exactly. So it's all
a little confusing. And I would, you know, just because
a lot of our producer members are local producers, I
would just say the reason you need to keep local
strong because international can be very variable.

Speaker 2 (40:29):
Good on you iren, listen. Once it shuts down, we
know what the hell's going on. We'll get you back
on and have a longer conversation. I think I have
a solution to a problem that was presented to us
by the bureaucracy yesterday, who presented some data that said
this is not good. We don't know why it's happening.
I might have an answer.

Speaker 1 (40:46):
Seven twenty The Mike Asking Breakfast Full Show podcast on
iHeartRadio powered by News Talks that be.

Speaker 2 (40:57):
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(41:38):
with the AI. It is one Net. They're good, Grizzly AI.
They're good together, gangbusters, your partners in productivity Cosking seven
twenty four. I always find it amusing when officialdom is confused,
and they seem confused yesterday as to why so many
of our brightest minds have bailed and gone off overseas.
Now this is the group of top achievers at school

(41:59):
in CEA level are the ones with international qualifications as well.
Now more of them than ever have left the country.
Officialdom here doesn't know if they're enrolled off shore or
here's the critical point why they left. Fortunately I can help, well,
at least a little bit. We had one leave, couldn't
get out fast enough, went off and studied. We have

(42:19):
a niece currently studying offshore. We also have a nephew
who left, studied and graduated last year. They were or
are all bright, all got top marks, and here is
official them's answer. All wanted to get the hell out
of here. Studying at an overseas university has become a
thing in the last handful of years. In one way,
it is no different to the vast ways of other
New Zealanders who have set records exiting in the past

(42:41):
couple of years as well. In simple terms, the brighter
you are, the more prospects you have. Part of your
brain power and academic success will have led you to
the realization that there is a big world out there
with a lot of opportunities. You want a slice of
this action. Anecdotally, as regards higher study, post secondary school,
I can tell you the amount of Marian doctrination at
high school these days is not just absurd, but counterproductive.

Speaker 15 (43:03):
Now.

Speaker 2 (43:03):
I know it's not PC to say that, and I
know it's not scientifically fact based, but I know what
kids tell me. And even in this current generation, which
is far more willing and open to this type of
bilingual Mari based approach to learning, by the time you've
had five years of it at high school, you're done
what they failed the Grip when they were hell bent
for leather. And this applies to broader life in New Zealand,

(43:25):
ranging for Mari names of government departments to news greetings
on the television at night. If you overegg something, you
get pushback, which is where we are right now. But
I think there also must be some acceptance that is
a small, insular country at the bottom of the world.
When times are tough, the world remains shiny and brains
get you access. I would have once said, and this
is the really sad part about this, I would have

(43:47):
once said, most come home. But I look at our
wider family and I'm not sure that's actually true anymore.
Asking the real issue isn't the price farm self, for
it's the economic loss from the drop in productivity. It's
a very good point. It's a very good point. If
you plant a tree, what are you getting out of
the land as opposed to sheep and cows and the
sort of money we're making at the moment. Thank you,
Mike for the accurate context. Whereece Stanford's email situation, Mike's

(44:09):
double standards. As it seems, Erica Stanford has so much
credit in my bank. I'm not interested in this email saga.
It's been addressed with her. Are more interested in how
she's reforming education. Very good point. Political capital counts. Of course,
if she was a weak link, it might be different.
But I take lux and yet again, you could see
him yesterday going, honestly, are we dealing with this? Is
this the sort of crap I have to deal with?

(44:29):
Mike ree Stanford? The fact T, B and Z has
devoted so much time to attempting to smear this woman's
good name only goes to show how nervous they are
of her popularity. I think you've overregged that. I don't
think that's true. I don't think they run that overta
and agenda, but they're certainly doing themselves. No favors, and
I do reiterate TV three ran with the same thing.
It's not just TV and Z, although T B and
z's got the story and TV three copied it, and

(44:51):
god knows how TV and Z justify part two tonight.
I think on some of these coalition issues, such as
yesterday's texting after Chris Hipkins would be far better off
to make a comment along the lines of there was
nothing to see here. That's an excellent point for a
blow through. Said he wasn't going to bark at every
dog and passing car, or barking every passing car or whatever.

(45:11):
City wasn't going to do. He is, and he undermines himself,
especially as a person who's done it himself.

Speaker 1 (45:18):
New Zealand's voice of reason is Mike the mic hosking
Breakfast with al Vida, Retirement Communities, Life your Way, News,
togs Hea'd be.

Speaker 2 (45:27):
He's over, and the snooker train.

Speaker 18 (45:29):
Went treking the nerves at jaymin which I.

Speaker 2 (45:31):
Certain they are.

Speaker 19 (45:34):
So wills he came here.

Speaker 18 (45:38):
Tonight just playing for pride. I'd buy did his turbos
with pride on his performance. But I always thought jaos
in tongue the way he's been playing when he got
that one.

Speaker 3 (45:50):
Chance he just found she would take it.

Speaker 2 (45:52):
What a town, what a player, as your.

Speaker 18 (45:55):
First ever champion of the world is absolutely tremendous.

Speaker 2 (46:00):
Yes, that's so Chaosingtong first, as he mentioned Chinese players.
Certainly the cloud. He was part of the cheating scandal,
the betting scandal, and he'd been banned for two years
and he's only just come back. But he's right, he
is a talent twenty two minutes away from aquis right.
But the business in this country whose hundreds to gather
at the inaugural Lighthouse Ignite twenty five to summit. The

(46:21):
plan has to stark business led growth in the economy
to start. Turn is to John Key, who is with us.
Very good morning to you, Mollie, Mike. Are we in
need of a shot in the arm?

Speaker 12 (46:33):
Oh yeah.

Speaker 6 (46:33):
Look, I think if you walk out there at the
moment and ask people what's the business environment like, I
think most people would say it's been pretty tough over
the last eighteen months, a few years. But you know,
a bit, as they say in ice hockey, it's a
little bit less about where the puck's been, a bit
more about where it's going. And I think the fundamental
reason we've been in such bad shape is because interest

(46:54):
rates have been in the wrong place, and that's been
a slightly self induced position. Too much been by the
previous government, too much pressure, pretty slow to react I
think personally on the en straight environment from the Reserve Bank.
So have you accept that argument in straits have been lowered.
I think actually they're going to come down even more.
I mean, it's less predictable from here. Still think they

(47:16):
they're lower and you'll start breathing some confidence back. And
I think you're very slowly saying to see that in
the housing market, agriculture, as you've pointed out in your
show many times, is on fire. And actually I think
there's some things the government are doing. I mean my
understanding is the uptake of this high neck with individual
visa category is really starting to pour it in big way.

(47:38):
So again, you know, there's some light at the end
of the tunnel.

Speaker 2 (47:41):
Really, Okay, having said all of that, do we know
where the puck is going when we've got a bloke
in America who's changing the rules literally on a daily basis.

Speaker 6 (47:49):
Yeah, I mean, you know, to describe as unpredictable would
be you know, an understatement. But let's just take one
step back and say, what do we know? Okay, so
Donald Trump hates trade, has go look at the videos
of the forty years ago. He hasn't Changed's saying the
same thing as he was then as he is now,
and he fundamentally thinks that the playing field is not

(48:10):
level and America gets taken advantage of now to a degree,
to a level playing field. Right, Not so I agree
with his policies. I'm saying it's god point. So then
you still say, okay, well he's put on these massive
tariffs and what did he get? An enormous vomit from
the stock market and the bond markets, and that forced

(48:33):
him to take them off of everyone except China.

Speaker 10 (48:35):
So it's part China up for a few seconds.

Speaker 6 (48:36):
I was there last week at shit in China. But
take that out, you know, take that off the table
for a second, because they're an individual case. Then what
he's sort of saying is well, I'm going to negotiate
with people, and I'm going to negotiate with countries. We'll
see how it all goes. If you don't play ball,
I'll put it back on. But he is the best predictor.
I think the markets, and that is the markets themselves,

(48:58):
the stop market, the bond markets, currency markets. They are
not buying that he's leaving massive tariffs on When he
put them on, they had a terrible reaction, you know,
as Andrew Kalaher points out on your show every morning.
You know, that's not been the situation for the last
twelve days. So these people are pretty smart and they've

(49:19):
worked out that he's going to negotiate some solution.

Speaker 2 (49:22):
Okay, India, our boots are on the ground for this FTA.
You tried, you couldn't do it. Will they this time
and will it be quality?

Speaker 10 (49:30):
Got a better chance with Mumhu, with Mody.

Speaker 6 (49:33):
I was then with mum Hun Sing lovely man actually
passed away recently.

Speaker 10 (49:37):
But you know I was up against the bureaucracy and
never want to do it.

Speaker 6 (49:41):
I think this is the way to look at it
is that I think if you believe you're going to
get a comprehensive, you know, incredible suit in US FTA
with India in day one, then I think you're going
to be disappointed. And I mean I remember standing in
the Beehive theaterre doing a press conference with the visiting

(50:01):
then India Minister of Trade from India, and he said,
I'll do an STA with.

Speaker 10 (50:07):
New Zealand on the podium right.

Speaker 6 (50:09):
Here, right now, And I said, yeah, but you'll exclude
agriculture and you'll exclude all the little things we want
right And it's like a lot of things, like you
can write anything down, but if you exclude the bits
of matter, it doesn't do much. So my point would
be you can always get an FDA. That's not the judge.
It's the quality or the tests. It's the quality of

(50:31):
what actually comes out the other end. But I suspect
what's going to happen is they're going to get what
in sort of trade talk is called the early harvest.
I think they'll get certain categories where they'll get some game.
So for the likes of maybe a zespre for instance,
could be really really important and really.

Speaker 10 (50:46):
Useful across the board.

Speaker 6 (50:49):
That takes a much longer period of time.

Speaker 2 (50:51):
You made a very good point about the trump point,
which is that it's not a level playing field. And
one of the people who moved the level playing field
away from being leveled was you. When you're older, Jackson
into Premier House and the LTD all those years ago
and on that Trump is right, isn't he.

Speaker 10 (51:07):
Yeah, no, no, Look here's the deal.

Speaker 6 (51:10):
I mean when we put in the incentives, which there
were already something sentences there, but we fundamentally made them
better than let's be ones for the movie industry.

Speaker 10 (51:20):
I remember the.

Speaker 6 (51:20):
Discussions around the cabinet, and you know, it's like a
lot ofs around the cabinet table. You may not like
what you suggested. You just like the alternative even less,
which was they were going to go to the UK
and make the Hobbits over there. Peda didn't want to go,
if you want to. Brothers thought he'd make a better
movie in a series of movies in New Zealand, like
he did. But the reality was that it's just a

(51:44):
business that gravitates to where the incentives are the greatest.
And so you've seen a hollowing out of the movie
industry in Hollywood. And so Trump is right about that actually,
and so I guess my point. I think if we
all sit there and say, if he really can put
one hundred percent tariff on and let's a very significant terror,

(52:07):
I don't know exactly where it applies, like for instance,
I mean, you know, there's only so much AI generation.

Speaker 10 (52:13):
You might want to do of a backdrop that.

Speaker 6 (52:15):
Was used in the making of many movies that have
used New Zeale landscape, or where you've used very specific
technology out of where the workshops. So let's just argue
for moments of very large terror. Then there's just no
getting away from the fact that it will completely rebalance
the cost effectiveness of where things are made. But on
the other side of the coin, the only point it'd

(52:35):
sort of make is that if that meant that everyone
eliminated any kind of subsidies, then interestingly enough, actually New
Zalem went on that basis because we've always been a
really good place to do things because of the skills
and talent here and the natural landscape exactly.

Speaker 2 (52:54):
I was talking before the news about kids leaving the
country and the numbers and generally New Zealanders leaving the country.
As a person who can live in you where the
world are you bullish for this place?

Speaker 10 (53:02):
Still? Yeah?

Speaker 6 (53:04):
I mean, you know the sort of argments that you
hear sometimes.

Speaker 10 (53:07):
You know, we're a giant retirement village and with this.

Speaker 6 (53:10):
And with that, yeah, yeah, okay, but I get that,
and I don't want to be some sort of ridiculous Pollyanna.

Speaker 10 (53:16):
But you know, I travel the world quite a lot.

Speaker 6 (53:18):
I'm off the States next week, and as I was
in China last week.

Speaker 10 (53:22):
You still get that feeling when.

Speaker 6 (53:23):
You come home to New Zealand where there's it's more
than just look it's a nice place to live in there.
Every country you go to has significant problems. I mean,
just list them in the United States, from racial issues
to break trust in the systems, to it no longer
independent judiciary. I mean, you just go on and on
and on, can't you. But it still doesn't mean it's
not a great place to live. So my point is

(53:45):
that it's the same one I always used to make
when I was prime.

Speaker 10 (53:47):
Ands.

Speaker 6 (53:48):
Look, we have tyranny of distance, always been our problem.

Speaker 10 (53:52):
We're at the bottom of the world.

Speaker 6 (53:53):
Well, actually technology is changing that very rapidly in helping us.
We also are very small. So while you know, like
you know, I have sympathy for Chris la since PM
slow to turn things around, but we're still a lot
quicker to turn around in a bigger country. I mean,
can we with the right policies, with the rights of
the level of confidence, with the right sense of enthusiasm.

(54:16):
Could we actually make New Zealand, you know, a fantastic
better place than it currently is. The answer is absolutely.
And I always thought, you know, like we campaigned three
elections on ambitious for New Zealand building a brighter future.

Speaker 10 (54:31):
Why do we do that?

Speaker 6 (54:31):
Because that resonated number one with voters of anything we
ever tested through a focus group, and that shows you
people want their country to do really well. And actually,
for the most part, New Zealand is a hard.

Speaker 10 (54:46):
Working, decent people.

Speaker 6 (54:47):
We actually do have decent institutions, like you know, a
very loyal and dependable police force and the proper judiciary
and all those things. So I guess that's a long
winded way of saying we're a great place to grow things,
We're a beautiful place to visit. We do have some
very smart man do we need to do a hell

(55:07):
of a lot better and pulus socks up? And actually
do we need to be more welcoming to foreign capital?
Smart foreigners who want to come and live here.

Speaker 10 (55:15):
People who want.

Speaker 6 (55:15):
To stop them these stupid things like oh I can't
come here and buy a house. I mean, for God's say,
if they've got an IQ that's well above one hundred
and they're bringing capital or whatever. Let's have them in
the country generating jobs. But can we do it? The
abser is absolutely we can.

Speaker 2 (55:32):
Good stuff. I always good to talk to. You appreciate it.
So John Key thirteen away from.

Speaker 1 (55:36):
A good the Mic Asking Breakfast Full Show podcast on
iHeartRadio powered by News Talks a B.

Speaker 2 (55:45):
I won't read the text on John Key. You know
what they say. Eighty home ownership specialists are currently being
hired by ASB. Big surge coming and this will be
applicable to wallbanks. I'm assuming big surge coming in home
line applications on the fixed and interest rates a moving
and people are wanting to do business. So somebody's getting
a job, which I assume is encouraging by the way.
Mike Watz, who got rolled the other day out of

(56:06):
the Trump administration, this morning Smash which is an app
that runs an app Schmart runs. It's in Israeli founded app.
It acts as a modified version of Signal. Waltz liked Signal,
hig Seth likes Signal. Problem with Signal as it's open
to being hacked. Guess what that's right, it's been upon detection.

(56:27):
We acted quickly to contain it and engaged an external
cybersecurity firm to support our investigation. Out of an abundance
of caution, all tele message services have been temporarily suspended,
so you can see why he's ended up at the
up at the un Let me come back to the
retail business yesterday and the crime around retail and whether
it's getting worse, whether we're just complating a couple of

(56:48):
issues here eight to eight.

Speaker 1 (56:50):
The mic Hosking Breakfast with a Vita, Retirement Communities News
togs head Bes.

Speaker 2 (56:55):
Slicks away from it. The reason we're not interviewing anybody
about the Retail New Zealand survey on the fact that
ninety nine percent of its membership experience some form of
crime slash anti social behavior is because we have on
this program a BS detector and as soon as that
came out yesterday, it went whoop, warp whop, which is
what our BS detector does. It's a whoop anyway, ninety
nine percent, it's up from ninety three percent. What does

(57:16):
this actually mean? And more importantly, why don't they make
a distinction. This is not to defend crime in any way,
shape or form or gormless morons who do stupid stuff
and retail outlets. Don't get me wrong here for a second,
but there are two different things. Crime is one thing.
Antisocial behavior is something completely different. So if you lump
social behavior or anti social behavior in with the crime figure,

(57:38):
guess what you're going to have. Virtually everyone, when was
the last time you encountered any form of antisocial behavior?
Every single one of us in life has encountered antisocial behavior.
We haven't necessarily encountered crime because they're in a different category. So,
in trying to spook the story, as so often as
the case, what happens is the body that represents the people,

(57:58):
whether it be consumer, whether it be retail New Zealand,
whether it is a union, whether it's a charity looking
to spruit their particular cause for the week, what they
do is they conduct a survey, they come up with
some alarmist number and they go look look Generally, unfortunately,
most newsrooms get sucked in by that and they give
them the coverage that they were so desperately wanting. What

(58:20):
isn't good And we will talk to Mark about this tomorrow.
Report a physical violence and assault, that is crime, that
is real, and that is a problem. It's running about
three hundred and forty three incidents per month. Now, the
other part that I noted yet again where the retailers
could be on board, is that they don't report this,

(58:41):
and they don't report this because they have decided that
it's not worth it. Now, if you decide not to
report something because you've decided it's not worth it, that's
on you, not on the authorities. If you report something
and nothing is done about it, then you've got yourself
a complaint and will give you the coverage. But if
you're just sitting there having been bowled over by whatever,
some figure came through your door and you go on,

(59:01):
cops aren't going to do anything about it, I can't
be bothered. Fine, then don't but don't complain about it,
and don't participate in the survey that gives false claims
and false figures. Anyway, As I say, we'll get to
Mark Mitchell about this tomorrow on the program after eight o'clock.
Speaking of police, Mike Bush going to Victoria. So Mike Bush,
good bloke, nice guy, thoroughly enjoyed dealing with him as
police commissioner here, He's going to try and fix Victoria.

(59:25):
Is that a job or a miracle. Eh, Nick Bryant
speaking of Australia is going to be what it's after
the news which is next.

Speaker 1 (59:35):
The Mike host game will be insightful, engaging and vital.
The Mike Hosking breakfast with the range rover, the law
designed to intrigue and use togs.

Speaker 2 (59:46):
There'd be a seven past day. Was so much democracy
untold the in cannabus this passed week from Romania to
Australia to Singapore, Canada and the United Kingdom. We need
to tap into some serious brain power and work through
what it all might mean. Nick Bryant, these days you
will remember resides in Australia, and he resided in Australia
at least in part because America wasn't the same place
as when it was when he arrived from Britain. Wrote

(01:00:06):
a very good book about it in Peck called When
America Stopped Being Great. So let's get into it, Nick
brian'speck with us. Mate. How are you, Mike? I'm good?

Speaker 8 (01:00:13):
How are you?

Speaker 2 (01:00:14):
I'm extremely well. Did you see elbow coming the way
he did on Saturday night?

Speaker 11 (01:00:20):
Well, it was certainly a big Trump effete here in Australia,
as it was in Canada. I mean, I think he
was the real beneficiary of Trump's first one hundred days.
I mean, Peter Dutton, the opposition leader, obviously thought he
was going to be the beneficiary of what he saw
at Trump's inauguration as this global right wood vibe shift.

(01:00:42):
But as the one hundred days went on, it became
more apparent that Australia wanted to use its uniquely Australian
model of democracy to elect an emphatically Australian prime minister.
And I think one way of interpreting the labor Landslide
Mike is a rejection of americanization and a collective active australianization.

Speaker 2 (01:01:04):
I think that's one of the key things.

Speaker 11 (01:01:05):
And they've really gone for a very authentic Australian, Australian
prime minister, very Australian tend to do well, Bob Pork,
John Howard, Anthony ALBERESI.

Speaker 2 (01:01:17):
Do you see him as more popular than many people
saw him prior to the whole Trump thing in the
election campaign, because up until that point my reading was
Dutton was a contender, may not win, but he was
a contender, and people found a lot of things wrong
with elbow and what he was doing with Australia.

Speaker 11 (01:01:34):
Yeah, I think Anthony Alberzi runs the risk of sort
of misinterpreting this result as a kind of massive personal
mandate for him and a sign of his popularity. I
really think it was a rejection of the other side.
I mean, sure Albersi ran a strong campaign, there were
none of the errors that there were three years ago.

(01:01:56):
It was an effective message that looked at the future
when Peter Dutton was kind of a gaining the past.
But I really think the Trump effect was key here
because so much of the sort of liberal rhetoric at
the beginning of the campaign, which doesn't seem to think
would work, came back to haunt them. I mean, not

(01:02:16):
least that comment about working from home for federal employees,
which had an echo of what Elon Musk was saying
and what Donald Trump was saying. That became as facile
as the Liberal Party's nuclear policy. You know, when he
went after the Canbury bureaucracy again, there was a kind
of echo of what Elon Musk was doing with Doge.

(01:02:40):
And I think this this kind of really hurt Peter Dunnet,
and of course he became the sort of perre of
of Australian politics, losing his seat, as as the Canadian
Conservative Leona did as well.

Speaker 2 (01:02:54):
The interesting thing about Canada is in a Lichton county
and so your argument about Australia true, turbocharge it for Canada.
But what have they elected? This is a bloke who's
never been in politics before. So they elected a guy
who Yay, we like him because he does he's going
to stand up to Trump. But Kenny, because do we
don't know anything about him?

Speaker 17 (01:03:15):
Yeah?

Speaker 8 (01:03:15):
I was really amazed.

Speaker 11 (01:03:16):
Has that A Karnee sort of came on and said
campaign during this campaign, I mean, he's not the most
charismatic a man. I mean he's a very technocratic I
mean British people know obviously because he was the Governor
of the Bank of England during Brexit and he was
a real stabilizing presence. And I think that's one of
the key things. And I think that's one of the
key things in Australia as well, Mike. I mean, I
think that's why there is a linkage between the two,

(01:03:37):
because the most powerful force in politics in twenty twenty
four was anti incumbency. One of the major Trump effects
is to kind of neutralize that and actually to turn
incumbency into an advantage. The idea that a ton of
global chaos and market chaos that you back somebody you know. Now,
Mark Carney is particularly well placed to kind of benefit

(01:03:59):
from that because he is such a kind of master
of the economy. He wasn't only the governor of the
Bank of England, he was also the governor of the
Bank of Canada, and that helps that financial expertise. And
I think Alberanizi, who you thought was going to be
a victim of anti incumbency six months ago, has ended
up being a beneficiary of incumbency as far.

Speaker 2 (01:04:19):
As so to counter your argument though Canada, yes, we
get Australia, we get Singapore to a you know, individual story,
but the same thing applies. How do you then and
Romania you can dismiss because Eastern Europe's a strange block
of countries, But how do you explain Farage over the weekend?

Speaker 11 (01:04:35):
He's yeah, I think that's really fascinating. You asked me that,
and I've got an answer for you. You know, Naja
Farrage did lead the Reform Party to storming victories last
week in a local action. It ended up gaining control
of some local councils. It rents the parliamentary seat from
Liverpool from labor on the fringes of Liverpool in Runkel
with a massive, a massive seventeen percent sweg. You know,

(01:04:59):
Farage has a charisma that doesn't lacks and an understanding
of political showmanship that the Canadian Conservative leader didn't have.
But my hunch is that a kind of Australian populist
with Arage like skills, or a Canadian populist with Farage

(01:05:19):
like skills, would struggle because the political cultures are very different.

Speaker 8 (01:05:24):
In Britain.

Speaker 2 (01:05:25):
You have Boris Johnson.

Speaker 11 (01:05:26):
You know, the Brits have shown that they're prepared to
go for a prime minister who's kind of populist, charismatic, unconventional,
somebody with a lot of journalistic entertainment value that I
don't think is what Canadians want. That is certainly not
what Australians want. I think there's a kind of rejection
of a kind of it's just not the Australian way

(01:05:50):
to have that kind of demagogery. It kind of violates
the tall poppy syndrome to begin with, and I think
something similar probably operates in New Zealand as well.

Speaker 2 (01:05:59):
Which brings us the star of the show, mister d Trump.
More in a moment with Nick Bryan out of Australia,
thirteen past.

Speaker 1 (01:06:05):
The Mike asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (01:06:10):
It be News Talks, All be sixteen past eight. Nick
Bryan's back with so NICKA Earlier on this morning, we
had the former Prime Minister John Key on the program.
He was the one who initiated the terrriff or the
deals here for the film industry, got Peter Jackson to
make lord of the rings here we cut some you
tax and sents, all that sort of stuff. The reason
I asked that 'll talk about that is because Trump,
of course one hundred percent for movies on that he's right.

(01:06:34):
So in other words, that he wants to rebalance dealings
with the world, he's right because countries have taken business
away from us, taken business away from America. And yet
all of the rest of it, the madness, the nuttiness,
how do you explain it.

Speaker 11 (01:06:51):
I think it's almost as if he wants had taken
America back to the nineteenth century. I mean, it seems
that so many things that have kind of guaranteed and
made America's pre eminence in the post war world, the
international trading system which America created, the international rules based
order which America created, the scientific trailblazers at the university,

(01:07:13):
these amazing governmental medical institutions that are packed with the
greatest scientists in the world, that sort of underscored its
innovative and technical dominance. It's almost like he wants to
get rid of all of that and returned to a country.
And he said this in his inauguration when he talks
about America returning to being expansionist country as it was

(01:07:37):
in the nineteenth century. He missed it at the time
because he ended that sentence by saying, We're going to
plant the stars and stripes on Mars, and then Elon
Musk went bonkers and that was a headline. But it
was worth rereading the inaugural address because it shows how
Donald Trump Kinner doesn't really want America to be as
it was in the twentieth century, which is internationalist and interventionists.
He wants it to be like it was in the
nineteenth century, the Gilded Age, when there were tariffs, when

(01:08:01):
there was an income tax, when there was a very
small government. You didn't have to finance it with income taxes.
When America had antagonistic relationships, it didn't have an alliance system,
it didn't have this kind of technical dominance at the beginning.
That's one way I interpret these first hundred days. And
his new hero, his new sort of historical crush, is
William McKinley, this guy that was called the Napoleon of tariffs.

(01:08:24):
And you know, he always has loved Andrew Jackson, which
again was a nineteenth century president who wrote roughshodo over
Congress and who wrote roughshod over the Supreme Court. That's
the kind of America that he sees is great, I think,
and that's what he's tried to take America back to.

Speaker 2 (01:08:35):
But the problem with the statistics, and you saw the
GDP the other day, they're going backwards, and they've got midterms,
and when that goes wrong for him and he's a
lamed up president, at some point that must register that
things aren't the way they're supposed to be in his mind.

Speaker 11 (01:08:50):
Yeah, for sure. And what we're learning, I don't think
the market's a moderating influence on Trump because they go
up and down, and indeed a lot of the sort
of reverses that we saw on Liberation, then it's aftermath
have been recovered by the end of April. But what
does affect him, and what is obviously a moderating influence,
is the bomb market.

Speaker 8 (01:09:07):
You can't mess with the bomb market.

Speaker 2 (01:09:10):
And Scott Vessant told.

Speaker 11 (01:09:11):
Him this, and sure, you know, he inherited a really
strong economy. You know, the Biden economy was coming good
and he's turning it to a very bad economy. And
that's really interesting, Mike, because I think, you know, some
of his supporters will support him up to a point.
What will always struck me when I went into the
rust belt, I went into the farm belt talk to
people who are being hit. Trump supporters who are being
hit by the tariffs. They were prepared to support Trump

(01:09:33):
even though it hit their buttom line, because they just
wanted somebody to fight for them. It was kind of
they were making a cultural choice that was against their
kind of economic self interest. But you know, their patience
doesn't last forever, and I think that's one of the
problems they're facing Trump.

Speaker 2 (01:09:47):
In regard to the media, I'm reading this morning out
of Australia Guinea. Ryan Hart's blaming, and this goes back
to Australia blaming what she calls the lift media and
very short. People are very short on understanding. What's your
take on how the American medias cover Trump, in whether
they've learned anything from Trump?

Speaker 11 (01:10:03):
Somebody asked me, Yeah, somebody asked me to book festival
Mike where the journalists are afraid? The other day, I
don't know any journalists that's afraid. Certainly know my colleagues
in the BBC are afraid. Are any of my friends
that I knew in places out of the New York Times
at the Washington Post. What I do worry about is
that the owners of some of these big media organizations
are afraid. They're frightened of Trump. They're frightened of what

(01:10:26):
he can do. You know, we saw the chief of
sixty minutes resign because he felt that paramount, the owner
of sixty minutes and CBS, which is trying to do
this big murder at the moment that could be scuffered
by Trump, was being interventionists and interfering and that was wrong.

Speaker 2 (01:10:44):
And that's what worries me.

Speaker 11 (01:10:46):
You know, watching that inauguration, it's great people watching, isn't
it but it's always great power watching as well. And
to see those kind of heads of the big tech companies,
the princes of Silicon Valley, the Jeff bezos Is and
the Zuckerbergs given better seats than incoming senior members of
the Trump administration, you know, it was deeply worrying. And
I think they've made a calculation based on two things.

(01:11:08):
A they worried what the Trump administration could do to them,
and B They've looked at the election result, where Trump
became the first Republican in twenty years to win the
popular vote, and they think, well, he's more representative American
than we thought it was, so we better reflect that
in our policies. But I wonder now whether you know
the tanking of his approval ratings, the instability and the economy.
You know, a corporate America that basically capitulated at the

(01:11:30):
start of the Trump administration might start showing a bit
more backbone.

Speaker 2 (01:11:34):
Always a pleasure to have you on the program, mate,
We'll catch up again soon. Appreciate it very much. As
read Nick Bryan out of Australia in the early hours
or early issu hours of a Tuesday morning, it is
a twenty one.

Speaker 1 (01:11:46):
The mic Asking, Breakfast with the Range Rover, the LA
News Togs dead b.

Speaker 2 (01:11:51):
Bailey's real estate more than just property, of course, total
real estate solution from family homes, beachside retreats. They got
that covered, commercial properties, industrial offerings, Farmlett Station's rural business
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(01:12:13):
international networks that achieve altogether better results, which is what
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they do. Bailey's has built this legacy of adding value,
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of course, as they should be to be one hundred
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a friendly face and a firm handshake are still the

(01:12:35):
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of services and strategic international partnerships, Bailees finds the buyers
that others can't licensed. Of course, under the Area Act
of two thousand and eight. The expertise is available to
you at Bailes dot co dot Nz. That's Bailees dot
co dot Nz. Hosking welieveing strade in an election. YouTube

(01:12:58):
single biggest channel in terms of advertising revenue. They pulled
in twenty six million dollars during the election campaign. Fifty
four in total, spread across seven to nine paramount and
SBS so one channel YouTube twenty six you get all
the television networks together as well as Fox Tell, the
Walls and stuff fifty four million dollars. Labor Party were

(01:13:19):
big spenders on YouTube. Palmer's trumpet of patriots, which we
hadn't mentioned yet We probably should didn't do a thing,
not a single thing. His party, Clive Palmer twenty four
million dollars in video, spent twenty four million dollars for
a return of Zip. Labour spent twenty four the Coalition
twenty one. The Greens spent four million. As far as

(01:13:40):
the audiences were concerned in Australia for the election night coverage,
the ABC one hands down over four million people. That's
in total they averaged two point three million, so they've
won every one of the last eight elections, so there
a go to seven got two point seven eight million,
an average of five hundred and eighty thousand. Nine got

(01:14:00):
an average of half a million, and ten who don't
really do political news or news of any of they're
sort of in trouble, have been for years anywhere, they
got an average of ninety seven thousand, and at ninety
seven thousand, I wouldn't have been bothered turning the lights
on personally. Don't know who they hired and what sort
of catering they had, but at ninety seven thousand, don't
worry about it. Speaking of elections, as we have been
Rod first chance to catch up with him after the weekends,

(01:14:22):
what they're calling the reform quake. Nigel Farage is there
and there in a big way. We'll catch up with
Rod after the news, which is next. News talks would be.

Speaker 1 (01:14:32):
FI news, opinion and everything in between. The Mike Hosking
break best with Bailey's real estate, your local experts across residential, commercial,
and rural news talks had been.

Speaker 2 (01:14:46):
Job numbers out tomorrow. This is the last of the
story in many respects. In other words, broadly speaking, the
economies under control. Broadly speaking, interest rates have come down.
Inflation's under control. The last measure or metric is jobs
and there are some debate as to when that will peak.
It would seem to be about now ish, it might
not be tomorrow's numbers. Westpac have got it coming out

(01:15:07):
at fire point three. That's the unemployment rate. A and
Z have got five point three, ASB have got fire
point two. Wage growth is going to be subdued. They
think about two and a half percent for the year.
So that's about where inflation is. So in other words,
you'll be feeling like you're not getting anywhere, which is
true because you're not THERB. You have got the number
at five point two. The question is not the number

(01:15:28):
five point two five point three. The question is is
that as bad as it gets? Once upon a time
we were thinking six, then we started thinking fire point five.
Now I'm guessing we've about done. So we'll be interested
in the commentary and the numbers when they come out tomorrow.
Twenty three minutes away from nine.

Speaker 1 (01:15:44):
International correspondence with NS and Eye Insurance Peace of mind
for New Zealand business like to the UK.

Speaker 2 (01:15:51):
The old mate Roderick, how are you, mam? Good mornings
you met I've been very much looking forward to this
because all the reading I've done as to what happened
last Friday and Saturday time as this might well have
permanently changed the landscape. And what Reform did is quite dramatic.
Do you see it that way or not?

Speaker 17 (01:16:08):
Yes? I do. There's a lot of people at the
moment say, oh no, it doesn't amount too much, it
doesn't amount too much, But I think that's wish for
thinking from people who don't like Reform. I think these
were the most remarkable election results I've seen for a
very long time, talking in terms of decades, and I
have to fess up that I got it wrong. You know.

(01:16:31):
My argument was always a Reform wouldn't be able to
get past thirty percent in the polls, and that the
various leftish leanings that they're showing at the moment weren't
going to be taken seriously by the electorate and so
they wouldn't break through the red wall. What happened on
Thursday was as an astonishing trouncing of both major parties

(01:16:57):
by Reform, Absolutely astonish it They took. They took the
county I'm living in now Durham, which has been labor
for one hundred years. It's never been anything but labor.
They took that just like that, you know, from nowhere,
and they took mayoral ships, they took Lincolnshire County Council,

(01:17:20):
and they won the runcorn by election. They had a
total of six hundred and the tourists lost a total
of six hundred and ninety odd seats and Reform one
more than every other party put together. So yeah, it is.
It is a major major change in British politics. And

(01:17:41):
I don't think it's just something you can write off
as being you know, these are just local elections.

Speaker 2 (01:17:47):
Let me just break it down a couple of things. Firstly,
that by election they won off labor. They didn't win
it by they didn't win it buy much and there
was a recount. So do they do they put would
they feel good about holding it going forward or was
this just one of the those moments.

Speaker 17 (01:18:01):
Well they shouldn't hold it. It's been a rock solid
labor seat for its entire existence. They managed to win
it by taking the entirety of the Conservative Party vote.
The Conservatives were left with just over two thousand votes,
only about eight votes ahead of the Greens. So can

(01:18:24):
they hold that. Well, the way things are looking for
the Tories, no one is voting Tory at the moment,
you know, so they may well hold onto that. And
just because it was bout six votes, it's still an
enormous swing, you know, it's a swing of unheard of proportions.

(01:18:44):
And it gives them that sixth parliamentary.

Speaker 2 (01:18:47):
Seat also, and this is what makes it even more fascinating.
Winning seats on councils is one thing, but controlling a
council is another. So in implementing what they want to
do in these counties and councils, if it's effective, that then,
you know, builds their reputation going into a next general election.
In theory, doesn't.

Speaker 17 (01:19:06):
It, Well, it does, and the opposition would say it doesn't.
So no, you're absolutely right. They have no experience of
running councils. They've never had much success at local council
level before, and here they are with all these seats,
more than all the other Cuttage cobblind and some people

(01:19:26):
who oppose reform are saying, right, well, now we'll see
how badly they administer things and their vote will stuff
to fall. I fear there's a bit of wishful thinking
in that because I know that all the voters around here,
and everybody I know in the village I live in
voted reform. All of them, the whole lot. Were very

(01:19:46):
cheered to hear Niger Feraj saying all the people who
work in diversity, equity and inclusion in county councils which
we now hold, look for a new job. That went
down like a bomb. You know, people really liked it.

Speaker 2 (01:20:02):
In New Zealand. What makes you different? And this is
why this is so interesting Rod. In New Zealand, at
local council level we don't have the parties. We occasionally
have some centrist party endorsement, but the councilor is not
representative of the Tories, of the Lib Dems, of anything else.

Speaker 17 (01:20:17):
More.

Speaker 2 (01:20:17):
Is still different. So does it truly translate? In other words,
somebody I read suggested over the weekend put this vote
to the general election Farage's Prime minister. Is that possible?

Speaker 17 (01:20:30):
I think it is. I think now I never did,
you know, I've never previously thought that. I think now
it's eminently possible. You know, two or three weeks before
the local authority elections, we had an opinion poll which
suggested that if there was an election tomorrow, Ferrats Lot
Reform would get one hundred and eighty and Labour and
the Tories would end up with one six' five, each

(01:20:52):
Making reform the largest party and therefore tilting towards an
alliance with The, conservatives and that shocked a lot of.
People this goes even. Further you, know this gave HIM
i think four hundred and forty seven seats In. PARLIAMENT
i don't think it would translate to. THAT i don't
think that they have four hundred and forty seven senty

(01:21:15):
and ten ps rightly who would get? Them they do have,
problems you, know fill in these, spaces and, indeed over
the next few weeks we will be hearing about Various
reform councilors who've been elected who have previously said we
should march Into poland or something, similar which the media
will dig. Out so, YEAH i mean that there are

(01:21:39):
problems ahead For, reform but it's still an enormous change
and at the MOMENT i don't think you can really be.
Overstated and the carnage for the tourries The tories had
appalling results wiped, out but it was even worse for.
Labor it was at least twice as bad as the
worst possible lestimate the labor insiders had been given to the.

Speaker 2 (01:22:03):
Press all, right, mate go well catch Up. Thursday Rod
little who is just leave that part of the. World
i'm not sure it's, possible but they're looking at. It
The Competition Markets, authority which is the a version of
the Com Commerce. Commission they're looking at vets and price,
capping veterinary sites so, medicines, prescriptions, services. Cremations they looking

(01:22:25):
at whether there's a lack of competition in the marketplace
and whether that's led to soaring, prices and even if it,
has which it may well. DO i don't. Know but
can you then go and, say well you can only
CHARGE x number of dollars to operate on your dog
or your. Cat that seems like a weird, thing so
we'll keep an eye out for. That eight forty Four.

Speaker 1 (01:22:42):
The Mike Asking Breakfast Full show podcast On iHeartRadio powered
By news talks At Be's.

Speaker 2 (01:22:49):
WHY I Act as they announced a couple of, weekends
was it two three weeks? Ago whenever it was that
they're going to look for local body candidates and participate
in the local body. Elections they've obviously seen what's been
happening with the. Reform, Mike it doesn't Say, mike Says.
Hosking hosking Defending. Sanford it's Not. Sandford stanford was a
bit rich this. Morning of it had been A Labor party,
minister it would have been all over it like a.
Chief So, no the point, Is i'm not defending. Her

(01:23:11):
no one's questioning the fact that she broke the curbn at.
Manual What i'm suggesting is it's not a breathless. Story
it's just a. Mistake rookie era is at the end
of the. World, No we've got more important things to think.
About it's not really the scandal they're so desperately trying
to make it. Out speaking of, which the money that
went to the parties was released. Yesterday they changed the.
Rules you may or may not be, aware but any

(01:23:34):
donations more than five thousand dollars that's down for fifteen
thousand dollars has to be you, know it can't be anonymous.
Anymore the main. Money it's interesting to my eye how
little money is raised in this country in terms of political.
Parties this is all their, donations so a lot of it,
comes of course from the tax. Payer and this is
why so many every time we have this sort of

(01:23:54):
this random conversation each election campaign as to how we
fund these, people how much advertisin we should give. Them
why are weirdos like The new Zeal and the Uterro
Legalized Cannabis party In Vision New zealand and The Women's Rights?
Party how come they get government? Money they're not going
to do, Anything and so you can never really come
to a conclusion as to what the best way to

(01:24:15):
fund political parties. Is either the taxpayer funds it or they,
don't and if they, don't you reliant on the. Privates
and if you relian it on the, privates of course
you know who ends up. Winning so top of the
pile is The National party at four point eight, million
which IS i, mean obviously four point eight million is
a lot of money for you AND, i but as a,
business as the major party in the country drumming up

(01:24:37):
all possible, sausages, prizes raffles rich, people they can't even
break five million. Dollars The Labor party got one point
six one one point six million dollars from all that union,
affiliation all their Mates greens one point. FIVE i mean
that says something that The greens can virtually match The Labor.
PARTY i would have thought act at one point four

(01:24:59):
Zeal On first got seven hundred and fifty eight, thousand
and there's a one hundred and nineteen thousand dollars loan in.
There merst Oh. SKINS i don't think we want to
go down the loan, department do? We if you follow
that particular, story who owes who the opportunity Is party
eighty two thousand bucks To Party murray fifty. Three so
when you add all of those, up what are you talking?

(01:25:20):
About you're talking five, six, seven eight. Nine you're under
a ten million dollars for every single political. Party and
if you look at what was say spent In america
By karmela between nine thirteen and nine fourteen on A,
tuesday just on that set for that podcast exactly in the,
makeup it would have been about ten times that night

(01:25:43):
away from nine.

Speaker 1 (01:25:44):
The Make Hosking breakfast With Bailey's Real Estate News.

Speaker 10 (01:25:48):
Talks they'd BES i got.

Speaker 2 (01:25:49):
My New netflix bill over the weekend and they up
the prices yet, again AND i become increasingly fascinating by
the world of media streaming sports rights things like. That
Major League soft this is In america have announced this
morning that they have done a deal WITH ea as
an electronic arts as in the games, people for four
regular season matches on their game. Machine so if you're AN,

(01:26:15):
ea you, know sports, player you're going to be able
to watch Four Major League soccer games on your gaming.
Machine and so this is a. First previously it's been
On apple and you have to buy AN msl season,
pass which is. Fine so that's just. Streaming But i've
Got disney at the, Moment disney is now offering ME.

(01:26:36):
Espn if they're offering ME, espn DO i need to
then Have Sky? Sport and DO i now need to
buy not only eight hundred streaming, services but a gaming
machine so THAT i can watch the? Football have you got?
Smash of course. NOT i didn't even know that was the.
Thing that's not even a. Thing that's the. Thing that's

(01:26:57):
What Mike whilst's. Got, yeah that's how it controls the.
Thing it's just, like not only have you got your,
signal but hold, on you need your smask to control your.
Singers just like someone's dicking with, this a someone's up
there and they're robots and they're about to take. Over but,
again a gaming console to watch the. Football it's how

(01:27:17):
diluted do you want your? Sport then you can play
the football game that, part but how how diluted do
you want to make your? Product before everyone, Goes i'm
not getting a gaming machine and a streaming, service And
i'm not buying the kid the jersey five minutes away
from nine.

Speaker 1 (01:27:33):
Trending, now Will kim as well book in your flu vaccination?

Speaker 2 (01:27:37):
Today speaking of, sports snooker eighteen. Twelve in the, End
Ja xintong First chinese to ever win. It we're going
to end the show with a snooker because the boss
loves the. Snooker The boss came and, saying thank, god
we're leading with the. Snooker it's been great to have the. Snooker,
Jason no one loves loves snooker more than the chase
for the letters he's, received the letters he's. Received, anyway

(01:27:57):
Here's yoo after the win.

Speaker 6 (01:28:00):
Tonight still a good, prayer still the top.

Speaker 2 (01:28:05):
Prayer can give me so much.

Speaker 6 (01:28:06):
Pusher, yeah he's the.

Speaker 2 (01:28:09):
Best it's a mutual appreciation society.

Speaker 20 (01:28:14):
Tonight and since you've had to win nine. Matches you've
had to win one hundred and eleven. Frames you've been
playing for twenty nine. Days how tired are?

Speaker 6 (01:28:25):
You, No i'm not. Tired.

Speaker 2 (01:28:30):
Yeah how are you going to?

Speaker 1 (01:28:31):
Celebrate?

Speaker 2 (01:28:33):
Yeah maybe you.

Speaker 16 (01:28:34):
Have have a good drink.

Speaker 2 (01:28:36):
Tonight williams was very humble and defeat as. Well he's.
Wonderful he's one of Those brits that looks older than he.

Speaker 10 (01:28:45):
Is he's.

Speaker 2 (01:28:45):
Fifty he looks on rickon sixty two, Anyway so it's
been fantastic for the support for the. Snooker are we
getting the writings on the? Snooker boss wants to see
the writings on the snooker so we can read out
the writings on the, snooker so we can. Go he can.
Go no watches the snooker told you, Anyway we all
got to see. It it's one of sports great. Events
there were some real. HIGHLIGHTS a low light Was ronnie

(01:29:07):
Oh sullivan sadly but the. Clue there are one hundred
and eleven. Frames go out, today get yourself a snooker,
Table go out today and play yourself one hundred and
eleven frames and see how you're. Feeling, ah it's all good.
Times back tomorrow morning on The Mic Hosking breakfast from
Six Happy Days.

Speaker 1 (01:29:28):
Louie 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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