Full Show Podcast: 18 June 2025

Episode Transcript
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Speaker 1 (00:00):
Your source of freaking news, challenging opinion and honored facts.
The Mike Hosking Breakfast with a Veda, Retirement Communities, Life
Your Way News, togs.

Speaker 2 (00:10):
Hed b Wanning and Welcome today. Food inflation adds to
our ongoing cost of living issues. Banks look like they're
lending least to small business now is that deliberate or
just a lack of demand? We got new numbers around
health and they look positive, which is good. Giny and
Mark Politics Wednesday after rape for Richard Arnold, State Side's
see price in Australia for you as well. Posky, welcome
to the day seven past six. Right for day three,

(00:31):
Let's deal with the economy. Two things happened to me
yesterday the food price inflation? Will that happened to us all?

Speaker 3 (00:35):
Of course?

Speaker 2 (00:35):
The food price inflation. It is not contained now. Why
it's increasing beyond broad inflation is a many in varied thing.
And the upside of these numbers is we can control
them to a degree. Think about it. You don't have
to buy chocolate given cocos through the roof. You don't
have to buy butter or a lot of dairy are veggies?
I noted up? This is seasonal seasonal fruit and vegies,

(00:56):
though generally are reasonably priced. Water, though, which was the
second thing, is not a luxury. Our bill arrived yesterday,
yet again the price is going up, this time over
seven percent. It's like the rates, it's like electricity. They're
all going up, and they're all going up beyond the
band of inflation. Now, the trouble with this is several fault. Firstly,
it is in and of itself inflationary, and it isn't productive.
In other words, we are no better off. I still

(01:18):
use the same water, it just cost more. Normally or ideally,
what you want is more stuff done to produce the
income to afford the bill. So the cost of living
is going up three percent and your income is going
up five percent. Where okay, we're ahead of the curve.
This sadly is not happening. So we have most likely
no growth driving the economy at the moment, and yet
we have increasing cost to operate that non productive economy

(01:40):
that my friends, is called stagflation. So can we control
Israel attacking Iran and the oil price spiking?

Speaker 3 (01:46):
No?

Speaker 2 (01:47):
Can we control the cost of shipping through troubled Middle
Eastern waters?

Speaker 4 (01:50):
No?

Speaker 2 (01:51):
But can we control to some degree this incessant cost
plus accounting that's going on domestically by people who got
the taste of price increases during COVID and basically stopped. Well,
you would hope so, because this is a government thing,
a central government thing, especially given a lot of these businesses,
whether the power companies or water agencies or councils, have
a major central government input. If the banks were right

(02:13):
yesterday upon the release of the services sected numbers when
they said this was an economy in recession again, price
rises in food and water aren't helping what is becoming
an alarmingly large hole.

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

Speaker 2 (02:31):
I'll come back to the shipping in Hamus in just
a couple of moments. No, I haven't got the I've
thrown it out. We seem to be some sort of
weird holding pattern on this new war. Trump bailed on
the G seven to get back to the situation room
of pinches today a real.

Speaker 5 (02:48):
Ad otassy sire or giving up entirely if a certainly
a past.

Speaker 1 (02:57):
Give up that's passd.

Speaker 2 (03:00):
The British goes starmer still in Canada. He's got a theory.

Speaker 6 (03:02):
I sat next to the President for that to our
discussion as we were working through not just the issues
but the statement itself. So you're not worried about escalation,
I'm clear that we need to be.

Speaker 7 (03:13):
Are you worried about escalation?

Speaker 2 (03:15):
So I'm worried about escalation? Deferentse Secretary probably speaks for
most of us.

Speaker 6 (03:19):
I repeat the calls on all sides to show restraint
this afternoon, because a diplomatic resolution rather than military action,
really is the only route to lasting stability in the region.

Speaker 2 (03:33):
The Iranians running the usual line about nukes.

Speaker 8 (03:36):
It's not only for international obligation. This is our religious
teachings that all of the mass destruction beapen is prohibit
are prohibited in according to the Shia, Sherry and Islamic fact. Yes,
that's the fact.

Speaker 2 (03:50):
As far as another war goes as the Middle East war,
the Medico is still sick of being shot at in Gaza.

Speaker 9 (03:55):
The United Nations know what has to be done in Gaza.
We know how to liver care, we know how to
support partners, We know how to do our job. But
to make the very best of our presence here, we
have to be allowed and facilitated.

Speaker 2 (04:10):
The in state side, they've got a police briefing on
the hill to day after the Minnesota attack as to
whether being a politician was getting too dangerous and whether
enough protection was in place.

Speaker 10 (04:18):
How would you characterize the briefing that you had just
now sobering?

Speaker 11 (04:21):
Why that the threat, the threat to public officials and
the families is very real and very widespread.

Speaker 12 (04:28):
Is enough being done right now?

Speaker 3 (04:30):
No one needs to be done well.

Speaker 2 (04:32):
We're discussing that finally, airline of wartime, Kata Guitari Waves
has been named the world's best dairline again ninth time,
best Middle East airline obviously, as well as best business class.
That's the sweet Singapore second along with best cabin crew.
They got the best first class and the best airline
in Asia. Care papers I because third Emirates of fourth,
A and A all Nippon Airways are fifteen in New

(04:53):
Zealand didn't quite make the top twenty. That is News
of the World in ninety sixes underline what I was
saying about the shipping a moment ago. The Shipowners Association
globally speaking, the Strait of Hormusa is becoming increasingly, as
we speak, a problem, and what happens in that particular
part of the world is one you avoid it completely,
or if you're going to hang around the area, their
freight rates go up and the crew wages often rise.

(05:15):
And that is as we speak, what is happening. So
watch out for the price of oil and the price
of the cost of living generally. Twelve past six.

Speaker 1 (05:25):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talk Zippy.

Speaker 2 (05:33):
Fun Fact Wednesday, Amazon Prime Day is now going to
be four days. I suppose that was inevitable, wasn't it
July eighth through eleven. So it's designed to lure you
and to pay a sub but basically Prime Day's gone
from one day to four days. Fifteen past six, speaking
of which, from Grigsmith from Devon Funds Management, Grigsmith, morning
to you, Morning to Mike. Yeah, those retail numbers this morning.

(05:54):
The States don't look good, do they. Yeah, that's right.

Speaker 13 (05:56):
So the Americans are definitely pulled back from that pre
Tiff spinning splurge. You look at May down point nine percent.
It's more than the point one percent four in April.
It's the first back to back declines since the end
of twenty twenty three, so also more than the point
six percent decline that was expected, So were they not?
Spending on cars is one thing that was down three

(06:17):
and a half percent. More positively, take out cars and
take out restaurants spend was upo point four percent. But yeah,
overall America consume consumes look a bit nervous about what
lies ahead, and I suppose they could be forgiven for that.
So they're saving rather than splashing the cash at shops
and malls it seems, but actually go against the recent
consumer serves, which would be a bit more positive. We

(06:39):
talked about that on Monday. But yeah, there's lots of uncertadies.
Obviously there's tariffs, is inflation and where interest rates are heading,
and now we've god to obviously a conflict in the
Middle East and surging all process to the also have
to see how that affects things, but certainly important consumer accunts.
With seventy percent of the world's largest economy, this report
covers around about a third of consumers spending the rest
on services, So yeah, it's going to be a factor

(07:00):
for the Central Bank officials to consider the FED meaning
of courses underway. Some suggestions that this report alone could
give them room to take a more dubvish stance, which
he also had some other data mite than industrial production
that contracted for the second time in three months. So
it could be a cautious tone to percentings.

Speaker 2 (07:18):
They might all right, and then we come back home
and then we've got food prices here as well.

Speaker 13 (07:22):
Yeah, as you say that, it certainly is a concern.
Up four point four percent of twelve months to May.
It's up to three point seven percent increase in the
twelve months to April. So grocery food, meat that drove
things up, both up over five percent. Yeah, it's pretty
incredibly you look at some of those prices, so milk
up fifteen percent annually, butter fifty one percent annually. If
you look at early twenty twenty four, it's almost doubled,

(07:43):
cheese thirty percent annually. Meat prices are also on the
beef steak, beef mints up eighteen point six percent thirteen
percent respectively. So we talk about obviously the eggy sector
and this is all good news for Kiwi farmers, but yeah,
the price of things just keep going up, so not
good news for Kiwi shoppers. Food price is up point
five percent on the month. That was after a point

(08:04):
eight percent rise in April. So yeah, everything's just getting
more expensive, isn't it. Tomatoes, evocado's cucumber, and on the
meat side, chicken nuggets and lamb, you know that's going
up as well.

Speaker 2 (08:15):
Just pretty incredible.

Speaker 13 (08:16):
They will take some positive news. They might rent inflation
two point eight percent. Only that sounds high, but it's
after a three percent increase in April. It's actually the
lowest increase for rent since January twenty fifteen, when they
increased by the same amount, so staggeringly, I thought this
was pretty amazing. Annual rent prices haven't been below two
point eight percent since twenty eleven, so let's take that

(08:40):
bit of good news. But yeah, food inflation numbers certainly
are concerning.

Speaker 2 (08:43):
Now what's the thinking in Japan with the whole?

Speaker 13 (08:46):
Well, yeah, the whole was widely expected, but perhaps wasn't
was there been unwinding sort of the stimulous tape of
the slowing the bond purchases and that's basically known also
as quantita easing, But they're actually reducing they're cuts, if
that makes sense, to bond purchases. Quarterly reductions going forward
of two hundred billionion. They were reducing these purchases by

(09:08):
four hundred billion yi in so there still going to
be buying around three trillion YenS by March twenty six
and two trillion by March twenty twenty seven. Basically has
been a lot of volatility in the Japanese government bonds.
Japan is really struggling with the tariffs, does not deal
with the US yet. They're an export heavy nation that
facing the risk of a technical recession. They're going to

(09:31):
election next month as well. So yeah, they've left rights
where they are half a percent, so that's still well
below where there are most other countries, and they stepping
back from the bond market, but at are reduced rates,
they're still buying the same amount of bonds that they
bought back in twenty thirteen, So.

Speaker 3 (09:47):
Hat a huge balance.

Speaker 13 (09:48):
She Actually it's one hundred and twenty percent of GDPs,
so pretty high. And this is while you look at
you know, Japan's been gripped by deflation for many decades,
but inflation has actually been averaging three percent on average
over the past three The prior three years was point
one percent. So yeah, that's actually going in the right
direction for them. But yeah, they're leaving nothing to chance
it seems.

Speaker 2 (10:07):
My right numbers, please, So things are a bit.

Speaker 13 (10:10):
Weaker on those retail sales numbers. Also, obviously, what's happening
in the Middle East down down point seven percent. Forty
two two zero three s and P five hundred also
down point seven percent. Na's deck down point nine percent.
I did final interesting that the tel Aviv stock exchange
is up point four percent to a record high. So
a different view of things there, Forts one hundred and
down half percent. Nick Ay, well, a bit of an

(10:31):
outlier's up point six percent on that bog decision A
SX two hundred down point one percent. We were down
point four percent insects fifty twelve six three nine going
at five bucks oil up another two dollars sixty seventy
four spot thirty barrel. So it's something to watch just
in the currencies might against the US dollar keys down
point seven percent, sixty point two ninety two point nine

(10:52):
six against Ossie, up a little bit against the British
pound forty four point eight down a bit against the
end eighty seven point four. But all eyes are on
the Fed.

Speaker 2 (11:01):
That is the truth. Go well, catch up to morrow.
Grigsmith Demon Fund's management task, how to Train Your Dragon
open domestically in America over the weekend eighty three million.

Speaker 3 (11:09):
Is that good?

Speaker 2 (11:09):
It's not bad they thought seventy, So it's better than
they thought and took over from Lelo and Stitch. When
that first of those movies came out, it was sixty
four million. That was back in twenty ten. That's just
for inflation, by the way. And then the second edition
in twenty nineteen made eighty one million, So this is
the best of them so far and not The Mission
Impossible came in third over the weekends, down to ten

(11:30):
million and take. So, in other words, what of obviously
happens in movies. Everyone gets excited, goes and sees an
opening day, and then it sort of dies to death
from there. But the point overall being that the movies
seemed to be still going recently well domestically in America anyway.
Six twenty one at news Talk seventies.

Speaker 1 (11:48):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (11:53):
It be mentioned the free votes in the commons the
other day, building up to the well, they're basically makeing
abortion legal three seventy nine to one thirty seven. They
needed a majority of two forty two. That's literally just happened.

Speaker 3 (12:07):
Now.

Speaker 2 (12:07):
The fun fact for this Wednesday, streaming in the States
has outpaced the combined share of broadcast and cable television
viewing for the first time ever. Forty four point eight
percent of total TV viewership in May for streaming. Broadcast
was twenty cable was twenty four. At those two together,

(12:28):
you get forty four. Streaming at forty four point eight wins.
The times, as they say, they are a changing six
twenty five.

Speaker 1 (12:35):
Trending now Qui chemist warehouse celebrate big brands and bigga sevings.

Speaker 2 (12:40):
The game to have state of origin tonight. Of course,
if you're into that ten oh five I think is
the kickoff time offield stuff is getting the headlines.

Speaker 4 (12:45):
Though.

Speaker 2 (12:45):
You've got your former Blues player Aaron Woods. He's on
his Triple M radio show called Queensland Coach Billy Slater
at grub. It's a uniquely Australian word, isn't it When
you get no one else calls an you want to
go and he's a grub For an incident where Slater
kicked a player on the head. This was in two
thousand and sex. Anyway, Slater was asked about that in
the press conference yesterday.

Speaker 10 (13:05):
When you hold a position in the media in our game,
I feel that's a privilege, and with that privilege comes
a responsibility.

Speaker 14 (13:13):
I know Aaron Woods.

Speaker 10 (13:14):
I actually ran into him about three or four weeks
ago at a footy game, and he didn't voice that opinion.
He actually brought his son over to introduce him to me.
And I get the attention in our game, but there's
a responsibility with that attention. When you degrade someone personally,
you probably don't deserve one of those privileged positions that
you're all in that we're all in. I'm not done yet.

(13:37):
You don't know what people are going through, and although
I might be able to handle it, the next person
mightn't be. Maybe our last coach didn't. I believe the
character of a person who is judged how they treat people,
then what an individual says to create attention about someone.

Speaker 2 (13:54):
There's your answer, particularly articulate. The last coach you referred to,
of course, was Paul Green. By the way, I note
that Craft hinds this morning. It's interesting as to whether
this is going to be international because they're making it
about America. So RFK make America healthy again, all that
colored crap and food Hines craft Hindes have said overnight

(14:16):
that they will remove all that stuff by the end
of twenty twenty seven, sort of coool aid and jello.
But ten percent of their items in America, they keep
talking about America, ten percent of their items have got
this colored stuff in it that they want out now internationals.
I don't know whether that means they're going to pull
it out of the production line generally speaking or just
in America. So we'll have to follow that with a

(14:37):
great deal ofmentrist there is reported this morning the banks
are not lending to small businesses, who are, of course
the lifeblood of the economy. About ninety seven percent of
businesses in this country are small businesses sm smeat. Now,
are they not lending because they don't want to because
there are some rules around it, and I'll explain the
detail on that shortly, or are they lending simply because
there is no demand at the moment. We'll crunch some

(14:59):
numbers for you after the news, which is next. You're
on the mic Hosking breakfasted News Talks edb.

Speaker 1 (15:07):
The news and the news makers. The Mic Hosking Breakfast
with the defender Octor, the most powerful defender ever made
and used.

Speaker 2 (15:15):
Togs dead be not. Although the social media as we
speak telling the Uranians to surrender, the Uranian leadership to surrender,
that they know where the Uranian leadership are hiding, and
so the rhetoric is being ramped up. So America is
very heavily involved in this. And of course the early
departure from the G seven straight to the situation room,
we'll give you some sort of education to the fact
that his fingers are all over this. Sir Richard arlottle

(15:36):
bit more on that shortly meantime back here. Is it
a sign of the squeeze on the economy? Bank lending
for small businesses has slowed growth rates now just one
point five percent. In fact, our biggest bank A and
Z has seen their book shrink. Westpac have flatlined since COVID.
Now Phil Wicks's the Small Business New Zealand founder and
is back with us. Feel good morning to.

Speaker 15 (15:54):
You, Good morning, very well.

Speaker 2 (15:56):
Indeed some of the dark rice scene. It used to
be six percent growth, no outstandard one point five What
is that? Does that demand or attitude or the rules
around lending or what ah I.

Speaker 15 (16:05):
Think that's attitude and a lack of understanding. I think
sometimes the banks assess small business like it's the eighteen hundreds.

Speaker 3 (16:12):
You know.

Speaker 15 (16:12):
They often will look at historical financials when they should
be looking at, you know what, where the business is,
what's what quotes are on the table, and it's lazy
risk assessment. They've got clients or there are small businesses
with strong forward where no debt, personal guarantees, and they're
still being declined. And that's because of the formulas that
they use are often historical or some arbitrary formula in

(16:35):
a spreadsheet, rather than understanding you know, where the business
is and where it's going.

Speaker 2 (16:40):
Does it vary widely from being tobank depending on who
you're dealing with?

Speaker 15 (16:46):
No, not really, I mean I think I think that.
I mean, there is definitely an opportunity for some bank
to step up. But I think, you know, the irony is,
I think small business is often less risky than big business.
You know, they will mortgage their house before they default
from alone. A lot of these business owners you're learning
to somebody with skin in the game. I mean, that's
not risky, that's exactly who who you want to back.

Speaker 2 (17:08):
Yeah, exactly I'm read. Is there a suggestion there's some
you need a little more capital as a bank to
back a small business on a loane than you do,
say to a house. Put the money into a house.
It's easier.

Speaker 15 (17:19):
Oh that's that's It's easier and easier and faster. And
I think, you know, I think the banks will loan
to big business. You know, it's a lot easier for
a bank to a nine hundred k morbwards in a
ninety k working cattle loone to a trade business. And
I suppose that's where the margin is, so that's where
the focus goes. But it's you know, it's policy driven discrimination.

(17:40):
It's costing the country of productivity and growth. What they
should be looking at is that ninety k time ten
thousand businesses. You know, that's where the opportunity is. And
if you know, there's a real vacuum there. And I
think if one bank, one bank really steps up, could
really own that segment. It's a branding and trust opportunity
just waiting, in my opinion, just wanting to be claimed.

Speaker 2 (18:02):
Do they know that? I mean, we'll get them on
eventually and I'll ask them, but would they know that
or would they defend it or would they then go
But listen, Mike, here's what we've learned from lending to
a thousand businesses. You know, sixty seven of them go
bust and we were on the line for it.

Speaker 3 (18:15):
Look.

Speaker 15 (18:16):
A couple of years ago I was asked to speak
to all the all the Australian and New Zealand banks
is part of a risk assessment. Basically, they wanted to know,
you know, what makes a good lending risk to small
business and it was a real eye opener. I mean,
to their credit. They sort of said, look, we really
don't understand and this is across the board, we really
don't understand small businesses.

Speaker 16 (18:35):
We should.

Speaker 15 (18:36):
A lot of our good people come in and end
up being going straight up into corporate And I think
there's a lot of truth in that, just from my
own experience, is just identifying that the way that they
assess business is really looking very much at how business
has performed historically, rather than saying, hey, this business is

(18:57):
doing really well. Now it's got a lot of business
in fun of it. It's a low risk cause because
most small business owners when they go for a loan
that they usually put up quite a bit of collateral,
but it's the way that they're assessed, and that to
me points to a real lack of understanding or people
getting to know those individual businesses as well as they should.

Speaker 2 (19:16):
Good insight feel this will get a bank on eventually,
and we'll ask them about this because it's interesting and
it surprises me to a degree. Philwick, Small Business New
Zealand founder, make the small bank sector. I have to
put the fifty percent more capital against business loans. I
think that's probably part of what the problem is. Richard
Arnold next nineteen to two.

Speaker 1 (19:32):
The Mic Asking Breakfast Full Show podcast. I have radio
powered by news talks.

Speaker 3 (19:37):
It be now.

Speaker 2 (19:39):
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dot co dot z that is r Veda dot Co
dot zscy some good news for business, which is good.
This is the two degrees. If you even't caught up
on this. This survey about five hundred odd businesses they
talked to over April and May. Optimism highest level recorded

(20:44):
in the survey. Good was off a low base fifty
two percent planning to increase investment. That's up from forty
six percent last year and twenty eight percent the year before.
Over half fifty two percent plan to invest in business development,
sales and marketing. Good Good good thirty five percent last year.
So that's a material increase. But here we go. A
third of businesses started the show. With this third of
businesses cost increases of more than forty percent, things like electricity.

(21:09):
Got to get it. We've got to get a handle
on this.

Speaker 5 (21:11):
Six forty five international correspondence with ends and eye insurance.

Speaker 1 (21:15):
Peace of mind for New Zealand business.

Speaker 2 (21:17):
No problemate, Donald morning, Good morning, right situation room. Where
are we at?

Speaker 17 (21:23):
Well, it's still meeting. But as you've been noting, there
are some stark new social media posts from Trump in
the background of all of this. We could be on
the brink of a rapid shift in the American role.
Trump wrote, quote, we emphasize on the word emphasis on
the word wi. We now have complete and total control
of the skies over Iran. Here's what is ready, Leader

(21:43):
nettno who said in here's latest US interview.

Speaker 2 (21:46):
We control the skies of Tehran.

Speaker 17 (21:48):
So sound familia, Trump, echoing Nettnohu. Trump also put out
a veiled threat to the Iranian leader a Kamani quote.
We again, we know where he is hiding. Trump calls
the Iotola quote an easy target, while adding he is
safe for now. Netnio, who also danced around the idea

(22:09):
that Israel might seek to assassinate the Eetola. He told
American ABC.

Speaker 4 (22:13):
We're doing what we need to do. I'm not going
to get into the details. It's not going to escalate
the conflict. It's going to end the conflict.

Speaker 3 (22:19):
Well.

Speaker 17 (22:19):
After leaving the G seven summit in Canada a day early,
Trump said that the people of Tehran should quote evacuate immediately.
On his plane trip back to Washington, Trump said this
to be said once again, this echoes the statements of
Israel's Netno who who said this.

Speaker 4 (22:36):
What we're doing is targeting regime sites, nuclear sites, military sides,
and ballistic missile sites that are embedded in Tehran. We're
telling the people leave, leave the zone of battle so
that you're not heard, and in fact they are leaving well.

Speaker 17 (22:52):
Aerial views show massive traffic jams with people fleeing Tehran
at the minute, a city of what ten million people. Meantime,
there was an Israeli strike on Iran's state television. Many
will have seen this video or presento shown fleeing in
the midst of collapsing walls and smoke rising up. Israel
says it hit the TV studios since they are key

(23:14):
to Iranian propaganda. Trump's choice here is continuing to plembency,
or more directly siding with Israel militarily and perhaps using
the American bunker busting bomb, which is so huge it
can only be dropped by American be to bombers to
destroy the underground Iranian nuclear side of FODO. That is
a thirteen six hundred kilogram bomb. Its use would have

(23:36):
reversed many years of American policy on Iran. Just days ago,
in late May, Trump had warned Netanyahu against an Iranian attack,
saying it would destroy diplomatic options. Then on June the fourth,
Iran rejected the latest Trump proposal. However, there is a
long history with all of it like this.

Speaker 4 (23:54):
Iran is so dangerous weeks away from having the fiscile
material for an entire arsenal of nuclear bards.

Speaker 17 (24:03):
That was Netnio Who's saying Iran was just weeks off
from having an arsenal of nuke's. That was Netnio who
in twenty fifteen, there is a split among Trump's supporters
over direct American involvement in the war with Iran. This
could turn out to be Trump's biggest.

Speaker 2 (24:18):
Decision indeed, and then we come to the business businessman
the Apolis or Minnesota the other day in this I mean,
what do we do to protect politicians? For goodness?

Speaker 17 (24:27):
Say, well, in Washington, DC, they're worried about their own security.
They're asking to Speaker of a more funding for security
following those shootings where of course, the state poly and
her husband were killed, nan two others have been critically wounded.
Now the latest information shows that those wounded State Senator
John Hoffman and his wife were hit by a total
of seventeen bullets. Somehow, they're still hanging on to life.

(24:48):
The accused assassin, Evans Belta, who now is in custody,
is charged with the murders and other crimes. There is
also a furor over the politic and Utah Senator Might
Lee posted what I guess he thought was a joke.
Is this funny? Headlining a photo is quote nightmare on
Wall Street? Referring to Tim Waltsley, Minnesota governor who ran
as Kamala Harris's deputy. He was also on the list

(25:09):
of this alleged assassin's targets potential target So jokes about
political assassination that is pretty low. Well, Trump himself says
he hasn't bothered to call Tim Waltz, who was, as
I say, on the target list.

Speaker 12 (25:24):
Would make a call, say hi, how you doing.

Speaker 2 (25:29):
Theagel? He said, he's a mess, so you know it
could be na.

Speaker 17 (25:34):
Why waste Trump himself, of course targeted twice with compassion
for said Trump, why waste time?

Speaker 2 (25:41):
We can appreciate it very much. Richard Arnold stateside, by
the way, there's a scrap of sorts over the phone
that we announced yesterday, the Trump Company launching a mobile
app and a phone and a service and all that
sort of stuff. He claims the phone's going to be
made in America. Everyone in the industry can't see how
that's possible because they don't make phones in America. It
will be Chinese made, which is I wrong. Joey Chestnut

(26:02):
is back for the fourth of July Hot Dog eating Contest.
If you missed this last year, he was banned because
he did a deal with some of those people who
don't like eating meat, and so they banned him. But
he's now back. He's held the title sixteen times. July
fourth it's coming ten minutes away from seven.

Speaker 1 (26:18):
The Myke Hosking Breakfast with Bailey's Real estate news talks,
there'd be it's some very.

Speaker 2 (26:23):
Good feedback on the business of the bank loans and
the business bank loans. I'll come back to that after
run seven thirty. After seven o'clock this morning. I might
have missed this, and I'm not sure, but I've been
looking into it. I can't give you an explanation. So
originally Trump banned nationals from twelve countries, right, he also
put in partial restrictions for another seven. State Department is

(26:44):
currently looking at thirty six more. Now what's interesting about
that is then some of them you go, oh yeah,
I get that, Angola, Cambodia, Cameroon, Cape Verde, Democratic Republic
of Congo, Ethiopia, Egypt, Gambia, Ghana, Kazakhstan, Liberia, Malawi. But
then we've got a couple of locals here Tonga to
Varalu and Vanova two. Now why and I was trying

(27:08):
to think about Astrola. I can't find an explanation for it.
Could it be the link potentially in his mind, the
administration's mind or versus the real to China. Is that
what that's about? Now They've got sixty days to do
whatever it is the Americans want to convince the Americans
they're safe. But imagine the implications for this part of

(27:29):
the world if people from Tonga to Varalu and Vanova
two can no longer go to the United States of America.
Could it be they've got too many penguins there? Five
minutes away from seven.

Speaker 1 (27:39):
And the ouse. It's the fizz with business Faber, take
your business productivity to the next list.

Speaker 2 (27:45):
Oh more good news on Canterbury. Sorry to you know
boy your witness with it, but the latest started. This
is the ASP Regional Economic Scorecard four Q one. They
rank economic performance of the regions on top Canterbury yet
again oring top of the economic performance surgeon, consumer confidence,
population growth, improved housing market basically the South Island's the

(28:05):
place to be. West Coast was second. That's construction growth,
retail and house sales. If you don't like either of
those two, you can hear to Otago, Central Lakes, Queenstown
and other words or wanaka wah nakha as they say
on the TV one these days. Third, they've won the
last two quarters but slipped. Queenstown tourism big part of that.

(28:26):
Marlborough four. North Island comes to the table with the
Waikato in the fifth place, Auckland tenth, so the engine
room of the economy in tenth. How many regions in
the country are they? Well, there are sixteen, so ten
of sixteen is not particularly good. Wellington fifteen. But that's
we all understand Wellington and we're with you. Also belief
of Wellington worst performing region is Gisman sixteen, sixteenth place

(28:48):
on the plate. To tell you, Mike, we're working with
one of the banks. There's more. We us came from
for business overdraft. We're a small medium business with government
contracts and retail. The issues I see are the banks
don't have business managers who are ask how your business works.
They just fill in paperwork on the phone or email.
Our business was growing year on year until the government
cuts spending. So there's probably detail in each and every

(29:11):
individual story, isn't there, But there might be something here
as too, And so we will eventually get one of
the banks on, or a couple of the banks on,
and we'll ask them a few questions. Now, food price inflation,
can we explain it away? Can we go copies up?
Of course it is chop the top. Of course, it
is non seasonal fruit. Individuals, what what do you expect me?
Of course they're more expensive, or is there more to

(29:32):
it than that? Chris Quinn is back from the supermarket
for you. Simeon Brown does have some recentably good numbers
around our health service and how we're making some progress there,
So he's with us after seven p thirty.

Speaker 1 (29:42):
The only report you need to start your day the
my casting Breakfast with Bailey's Real Estate, doing real estate
differently since nineteen seventy three US togsdad be.

Speaker 2 (29:52):
Only seven past sevens have food price inflation spiked some?
What our new numbers have prices up four point four
percent for the year to May. That's up from three
point seven and n April. It's the old favorites that
have come to the party, dairy, meat and poultry, but
is up fifty one of course. Chris Quinn's Food starts
North Island CEO and is back with us. Chris, good morning,
Good morning Mike. The value of the numbers that we
saw headline wise yesterday versus the cost of actually doing business?

(30:15):
Are you guys keeping your costs under control? Beyond the
obvious look.

Speaker 14 (30:20):
I think the best way of explaining that is that
the stats New Zealand Food price basket went at four
point four percent, as you mentioned, our retail prices for
the same period went not three point two percent. So
US working on our efficiency and us making the decision
not to pass on all of these product cost increases
to our customers is what makes that difference. So we're

(30:41):
doing everything we can, but the same cost increases for energy,
for people, for all of those things do affect every
one of our owner operator businesses.

Speaker 2 (30:50):
And are you an outlier in that in any way,
shape or form, In other words, your wages, your transports,
any different from anybody else who would be passing on
some of the costs in the economy at.

Speaker 14 (30:59):
The moment, not fundamentally different.

Speaker 2 (31:02):
No, okay, So when we talk about these numbers, once
you strip out the stuff that you can avoid, once
you strip out the stuff you can explain away. Is
the price of food materially going up in a way
that we can't explain.

Speaker 14 (31:17):
I think it's it can be explained. That does not
make it any easier for any household who is stirring
into this alongside all the other costs. So you know
the understanding what's driving it. It's important because I guess
it's understanding the cause and do these people the position
with that.

Speaker 2 (31:34):
Or is just blaming you guys the easy out look.

Speaker 14 (31:38):
We have the privilege of serving four point one million
customers a week in terms of number of visits we see,
so the only people they can talk to are us
because we have the food on the shelf and the price.
But it is important.

Speaker 3 (31:50):
No.

Speaker 14 (31:50):
Butter is probably the classic right now. It has gone
up fifty five percent in a year. That is fantastic
for New Zealand's economy, but very tough for households who
are buying product. Now we're seeing the same tomatoes we've
got mishe in Australia, where we're not allowed to import
from Australia. So I've seen a thirty percent increase in
those eighteen percent up and Kiwi for it. Another great

(32:11):
export story. But that part of our economy means that
the basic cost of those products increases at retail because
nearly seventy percent of what makes up a dollar on
shelf comes from the cost of the goods.

Speaker 2 (32:22):
And there's nothing we can do. Chris, appreciate it very much. Again,
Chris Quinn, who's the food Stuff's Northland c But this
is an example morning, Mike and I'll come back to
the answer morning. Mike. Understand global meet and dairy prices,
but why can't the New Zealand export or producer not
deduct the international marketing and freight off the domestic costs? Max,
let me come back to that. Ten minutes past seven,
all right, So the government's having another crack at mental health.

(32:44):
We've got a new suicide Prevention Action Plan. This is
a five year old of government approach. Thirty six million
has been set aside prevention fund for rural and young people,
crisis recovery cafes, expanding suicide prevention training. Sean Robinson is
the Mental Health Foundation boss and is back well the
Shawn and good moell to you.

Speaker 11 (33:01):
Good morning.

Speaker 2 (33:02):
Make you like what you see? Is this any different
or more of the same.

Speaker 11 (33:07):
I'd say we're grateful for small mercies. I think this
plan does take us forward in some areas and there
is some new resource applied to it. But we are
in a very resource constrained environment at the moment when
there's not a lot of funding from government around. So yeah, well,

(33:30):
everybody will do their best with what's available here, but
there's a lot more that could be done.

Speaker 2 (33:36):
How much is needed. I mean, we got one point
nine and what was it, the famous you know, the
Goodwill budget or the Good Living whatever the hell Grant
Robertson called. It's another thirty So how much is needed?
How many billions do you need?

Speaker 11 (33:48):
Well, look, mental health is a huge issue across the
whole New Zealand population and it's been undercooked and under
resourced and scope for decades, in fact forever really, so
you know, people may think that one point nine billion

(34:10):
was a huge number and should have fixed everything.

Speaker 2 (34:13):
But well, there is a huge number.

Speaker 11 (34:15):
Well it is a big number, but you know, when
you consider what gets spent on the whole of health,
you know it's not a very big number. But you know,
we're talking here about an additional nineteen millionaire year going
into suicide prevention, which brings the whole budget around suicide

(34:37):
prevention you know up to under forty million are years.
So that's not a very big number for what is
you know, one of the biggest causes of preventable death in.

Speaker 2 (34:49):
Which was my next question. Are we an outlier in
the Western world? Is there something wrong with our mental
health that we're particularly vulnerable, or are we just like
every other Western country.

Speaker 11 (34:58):
Well, look, we're not as an much of an outlier
as people portray it that rising suicide numbers or persistently
high suicide is a global issue. We have particularly high
youth suicide, but again we're not the only country in
the world that has that issue. So it's not quite

(35:21):
true that New Zealand's just getting this completely wrong. That
doesn't mean that we don't need to do everything we
can to reduce these numbers. Now, on the other hand,
the numbers have been starting to come down a bit
in the last three or four years. You know, they're

(35:42):
still persistently high, but we need to remember that there
are far more stories of hope than there are of despair. Yeah.

Speaker 2 (35:51):
Good, Well, I'm encouraged about that really quickly because I'm
sure it on time. Is it pure money or is
it resource as well? In other words, you could have
the money, you just can't get the people.

Speaker 11 (36:01):
Look, it's a bit of both. Now you need the
money in order to train and hire the people, but
you know, definitely more money to create more services, to
do more training, to put more training into school so
young people are able to cope with emotions and with
Vice's curve board, all of those things are important.

Speaker 2 (36:20):
Fantastic Sean, appreciate your time, good luck with the work.
Shawan Robinson Mental Health Foundation head thirteen minutes past seven,
just back from Hawaii. Can buy butter at five cents.
It's the usual text, stop texting me this stuff that
we've already discovered. Cost Co sell butter as a lost leader.
They sell butter at a lost leader. They don't make
money on butter, so it's got nothing to do. As

(36:41):
for the subsidization on international marketing and freight, fine, who
would you want to pay it? Because the bill's not that,
the bill hasn't gone anywhere. Who would you pay it?
Who shall pay it? So you'll go, well, what about
the person in Britain is buying the butter fair enough?
So if you suddenly stack costs on them, they're not
going to buy as much butter as that what you
want for the country. There's no escaping this. I'm not

(37:02):
saying it's right or wrong, black or white, good or bad.
All I'm saying is business is business. If you produce
something for a dollar and you can sell it for
a dollar, if you want it for fifty cents, somebody
has to pay the difference. And until you can crack
that particular piece of economic magic. Things will continue the
way they are. Fourteen past.

Speaker 1 (37:23):
The like Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at be.

Speaker 2 (37:29):
Simon Brown's got some reasonably good health numbers to update
us within a couple of moments. Seventeen past seven. Now
we're back with the polytechs and their various problems. Staff
numbers have been cut by over eight percent due to
surpluses and the Labor Government's tea put king a mess.
Of course, we still have too many staff, we find
out yesterday relative to how many students are actually enrolling now.
Penny Simmons is the Vocational Education Minister in charge of
unwinding all of this, and she's with us.

Speaker 16 (37:50):
Penny morning, Good morning, Mike.

Speaker 2 (37:52):
Are you winning? Are you making some ground here? Do
you feel like you've made progress?

Speaker 16 (37:56):
Absolutely, We've turned the thing around and we are making progress.
We're getting the costs down, We've made those staffing decreases
as a foot view stool to go. We've got the
legislation in the Select Committee. It'll be back by September.
Cabinets will be making decisions about which polytechnics are stood
up on one January next year. They'll be making that

(38:18):
decision by the end of this month, so we're well
on the way. We've got community advisors back worth each
of the polytechnics, so well on the way. And look,
those staff numbers have had to come down because at
their worst in twenty twenty two there will one academic
staff member for nine and a half students, so that's
in class average size of nine and a half students.

(38:41):
It's just asn't.

Speaker 2 (38:42):
Viable now it does not do. We have reputational issues
in terms of enrollment. In other words, when you announce
all of this, will people flood back?

Speaker 16 (38:50):
I hope so, because yes, it's done enormous damage. It's
the student numbers have gone down by eleven thousand in
the polytech sector over the Tapouk King Fiesco. So we've
got to get that confidence back. So we've got to
get the student numbers up, the right size of staff
and then will be viable. And that's the hard work

(39:11):
we're doing at the moment, and that's starting to happen.
In twenty twenty four, student numbers went up by two
and a half thousand, staff numbers went down and we're
starting to move the ratio in the right direction.

Speaker 2 (39:23):
Thank the Good Lord for that. Pennypreciate a penny simmificational
Education Minister. By the way, Mark Mitchell touched down at
three point thirty this morning New Zealand time in China.
So I don't know whether he's going to sleep or
getting up, or staying up or partying big, but he
will be with us up to eight o'clock. The reason
I mentioned China is because two thirds of New Zealand
businesses who operate in China are expecting increased revenue next year,

(39:45):
more than half of projecting higher profits. This is from
the New Zealand Business Roundtable and China People their Business
Outlooks survey. The sentiment of sixty companies operating in that
particular part of the world very important. Of course, we
export twenty one and a half billion worth of goods
and services and we import seventeen So do they as numbers?
You're close to forty billion dollars worth of two way trade.
But they appear, despite what you would hear about China,

(40:06):
they would appear to be optimistic. So we'll get that
vibe from Mark. After eight seven.

Speaker 1 (40:10):
Twenty The Mic Asking Breakfast Full Show podcast on iHeartRadio,
fow it by News Talks Evy.

Speaker 2 (40:21):
Now, if you're looking for some winter deals, let me
tell you about Chemist Warehouse. That's the place to celebrate
the savings of this winterhead and store. Do it online
if you like to shop a massive range to winter
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more so. Larel Paris Revital of Day Cream spr fifty
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(40:42):
hundred tablets twenty six to forty nine. Get your hands
on the must have Mark Jacob's Daisy Adu toilette fifty
mils now eighty nine ninety nine unbeatable. Chemist Warehouse winter
catalog offers. They all got to end twenty five June,
so you got to head to the Chemist Warehouse. And
in addition to visiting the local Chemist Warehouse store, you
can always online. You can click and collect that saves time.

(41:02):
You can choose fast delivery for same day home delivery
if you want teas and season charges may apply. Celebrate
savings this winter with Chemist Warehouse because they've got great
savings every day asking thirty four.

Speaker 3 (41:13):
Now.

Speaker 2 (41:13):
Perhaps the most startling thing of the news yesterday that
our old mates at the state radio broadcaster have opened
a voluntary redundancy program is that they've never done that before.
One hundred years they've been doing the business, said Radio
New Zealand, one hundred years never had a voluntary redundancy
tells you something about how insulated the real world from
the real world they are, mind you, I don't even
know that's true actually, because Radio New Zealand used to

(41:35):
be a whole different beast and milely days of broadcasting.
Radio New Zealand en compassed commercial and non commercial radio stations,
and there was I can tell you from personal experience,
no shortage of carnage. Fiscally. The place was run by
halfwits and we were permanently in a state of flux,
if not carnage. The most famous might have been a
thing called Project Arara, where we allegedly all took pay cuts.
That was a scandal in and of itself. So it's

(41:56):
not like the media hasn't seen tricky days. And I
think that's the ultimate point here, isn't it. There's a
tremendous amount of coverage of the media too much, really,
and if I can be a little bit blunt, a
lot of the tough stuff in the industry is no
more upsetting than the dark days for any number of industries.
You can try a construction and hospital at the moment. Also,
and this applies to radio in New Zealand. If you
live in a false world, it will catch up with

(42:18):
you eventually. Yes, media, like a lot of industries, is changing,
but then it always has. Forty four years in accounting,
for me, I can tell your media has been in
a constant state of change, if not upheaval. It's all
I've ever known. No, it wasn't always Google or Facebook
nicking the ad money, but it was video or TV,
or deregulation of licenses or rubbish management. Having worked at

(42:40):
Morning Report myself, you've never seen such a sheltered workshop
of lavish staffing and indulgence. They enter the Radio Awards
every year and apart from not winning, the joke in
the industry is the number of producers they've got. Nineteen nineteen,
I think we counted as a record you series. For contrast,
this show which one wins and two has more listeners
three and that includes Glenn, which is debatable as to

(43:03):
whether we should include them at all. I wish no
one ill will. Don't get me wrong, I wish no
one ill will. I wish boon times prevailed across the
whole landscape. But equally I wish people lived in the
real world. And Willie Jackson handing out tens of millions
as irresponsible politics not a business plan. Willy and a
zilk as always never paid the price for this, the
poor sap who took the New Radio New Zealand job.

(43:24):
Will The money that pays for jobs is either earned
or it's given. If it's given, it's always on a whim,
in this case a political one. It is not their
fault that Willy is an idiot pasking. I had a
business Mike for Capiti twenty two years. Believe me, the
days are long gone where one could go to the
bank to discuss your business with a manager. I'm starting
up a business again. Contact to the bank had to

(43:44):
wait ten days to get an appointment with whoever bank
are understaff. They do not give a rats about small
to medium businesses. So this goes back to our conversation
an hour ago on the program Morning Mike Small business
spoke so much sense earlier on operated in SME for
over twenty five years of manufacturing, can get easy money
for residential housing, but keep getting decline for investing in plant.
The issue is the way they treat commercial property loans

(44:06):
which they expect to be repaid in ten years, and
that and impact service ability on new debt and their eyes.
I think what I've come to the conclusion, and once
again I reiterate, we will get somebody on from the
banks to talk about it. There are rules around the
way they handle business lending versus housing. It's a lot
easier to get money out into housing. It's harder to
get money out into business. Those are the rules, and

(44:26):
maybe it's the rules that need looking at, if not changing,
but that's for another day. Simming and Brown new Stats
tells us that things are slowly improving in the health
escape and the Health Department. Health Minister with us after
the News, which is next to News Talks EDB.

Speaker 1 (44:43):
New Zealand's voice of reason is Mike the Mic asking
Breakfast with Veda, Retirement, Communities, Life Your Way, News Talks, dB.

Speaker 2 (44:52):
Crime Minister Landlers in China. First thing to report, of course,
is the seven five seven obviously made it. It was
Auckland to Darwin, Darwin to man Manila to China, so
it's it's been a haul. So anyway, they arrived at
three thirty mark. Mitchell's there as part of a delegation,
so he's going to be with a slide out of
China as part of politics Wednesday with Jenny Anderson after
eight o'clock meantime of twenty three minutes away from it?

(45:13):
Are we seeing positive movement in the old health system?
New numbers on the target's new numbers on our target
show that in cancer treatment, eighty four point six percent
of patients are starting treatment within thirty one days now.
That's up from eighty three percent. Seventy four point two
percent are admitted, discharged or transferred within six hours at
the EDS. That is up from seventy point one percent.
So so Meian Browns the Health Ministry of course, and

(45:35):
it's back with us. Good morning, good morning mite. Are
these numbers significant or just stats? I mean, what's the
difference in I mean what is eighty three to eighty
four point six mean?

Speaker 7 (45:45):
Well, it's an improvement and these are quarter by quarter
data points. This show's progress. We're committed to releasing this
information every three months so that the public can see
how well our health system is performing. But ultimately there
is a long way to go. We want ninety five
percent of patients being seen an emergency department within six hours,

(46:06):
so there is a long way to go. We want
ninety five percent of cancer tre cancer patients being seen
within within thirty one days as well, So there's still
work to do, but we're seeing progress in the right
direction and I'm going to continue that focus as Minister
of Health.

Speaker 2 (46:22):
So on cancer have you're seeing a one and a
half percent improvement per quarter, that is six per year,
so you're a few years off.

Speaker 7 (46:32):
Well, the targets are to meet that by twenty thirty.
We had a significant reduction over the last six years.
The health system is turning these around. Will take time,
but the reality is my expectations is that Health New
Zealand does need to move faster on these That's why
we're doing the elective boost at the moment, which is
outsourcing electives to the private sector at pace. We've done

(46:56):
nine and a half thousand so far, because actually we
can't wait till then. We have to be impatient and
we have to focus on putting patients first and doing
everything we can to get these treatments done.

Speaker 2 (47:06):
We covered that on the program the other day. Are
you surprised about the angst around the private sector?

Speaker 12 (47:14):
Oh?

Speaker 7 (47:14):
Look, there's lots of noise from the unions, the Labor Party,
various voices and other media. Of course, who just oppose
anything which is about actually getting things done for patients.
I don't think a patient key is when they're sitting
on the operating table and looking up at the ceiling
and going, oh my goodness, who owns the roof? They're

(47:34):
focused on getting their treatment done. And that is my
focus as Minister of Health is getting the treatments done
that patients need and I will continue to have that
focus as Minister of Health.

Speaker 2 (47:43):
The point they make that I think is fair. It
deprives surgical registrars of training, which is true, isn't it Yep?

Speaker 7 (47:48):
I think that's a fair point. And that's where of
asked howth New Zealand to work and have long term
agreements with these with these private hospitals and actually look
at including training opportunities in those agreements. When we do outsource,
we do need to make sure it's beneficial to both
public and private. We need to make sure that people
are getting seen quickly, but we also do need to

(48:09):
make sure we are retaining those training opportunities for the
next generation of surgeons and specialists. That is critically important
in our vast Health New Zealand to make sure that's
included as part.

Speaker 2 (48:19):
Do you have any reason to believe that the private
sector wouldn't be interested in doing that.

Speaker 7 (48:24):
All the feedback from the operators that I've spoken to
is that they have interest in that. There are negotiations
underway between Health New Zealand and those operators around those points.
Obviously a lot of detailed work through, but look at
the end of the day, it's putting patients at the
center to get things done.

Speaker 2 (48:41):
Now, also reading yesterday the Royal College Australasian College of
Surgeons and they're not alone, but they argue, and I've
not been able to get to the bottom of it either.
They argue it is actually more expensive to do it
privately than it is publicly, and what the public system
needs is more funding. How do they square that circle
or are they simply making.

Speaker 7 (49:00):
Well, we need to be investing both in you know,
we need to invest ultimately in putting patients at the
center and going we need things to get done. Look,
the majority, the vast majority of elective surgeries happen in
the public system. Around ten percent happened in the private system.
But this is about ensuring we can get surgeries done
in a timely manner, and that will require outsourcing. It's
always happened. In fact, Chris Hipkins, when he was Minister

(49:22):
of Health back in twenty twenty, took a paper to
cabinet saying we need to use more of the private
system to get more done. So here they are opposing
what we're doing today when he took a paper up
to cabinet in twenty twenty.

Speaker 2 (49:33):
So that's why I can't understand why everyone's objecting to it.
So would you argue because we had a private surgeon
on the other day who said it's cheaper to do
in the private sector, do you have a clear answer,
is it cheaper to do in the private sector that
it is in the public sector.

Speaker 7 (49:45):
It will depend in different parts of the country for
different surgeries ultimately, but the point here is if you
have long term agreements, you're able to get efficiencies, and
that's where you're able to drive at the moment, Health
New Zealand or in the past, has done ad hoc
arrangements where they do short term agreements. Of course going
to be more expensive if that's the approach you do it.
If you take a long term approach, you can get efficiencies, better,

(50:06):
better value for money and ultimately better care for patients,
which is my focus.

Speaker 2 (50:10):
The other thing he said I thought was interesting and
I didn't know about is he claims if things look
like they might be going past four o'clock, it starts
to close down a bit. Is that true.

Speaker 7 (50:19):
Well, look, there is heavily unionized contractoral arrange arrangements in
the public system, and so yes, you do end up
with in efficiencies throughout the system, and that those issues
need to be dealt with by Health New Zealand to
make sure that it is more efficient. But that's where again,
using the public system and the private system and putting

(50:39):
patients at the center is the answer.

Speaker 2 (50:41):
But how do you get around it? First of all,
why does it even exist? I mean to say, oh,
this is going to go to past four o'clock.

Speaker 7 (50:48):
Let's today those questions, Yeah, I mean I suggest you
put those questions to the to the Senior Doctors Union
when they when they're next on your show, because ultimately
these are these are union agreement which have been negotiated
over a long period of time, which drive inefficiency and
a lack of productivity.

Speaker 2 (51:04):
With Health New Zealand.

Speaker 7 (51:05):
Though with Health New Zealand, I agree, and these are
issues that do need to be resolved as part of
those negotiations with the unions. But this is these are
not issues that are going to be resolved overnight. Therefore,
we have to focus on putting patients first. We have
massive weightlifts we need to get through. And that's where
I make no apology, no apology for using the private

(51:29):
sector to get patient seen.

Speaker 2 (51:30):
All right, appreciate your times always, Health Minister sim And Brown.
It is this pointing to find out that's true. Seventeen
minutes away from eight tasking Bay of Islands. Now, this
is another one of these moderately complicated things that you
can understand to a degree why it's happening, but then
again you disagree with the other reasons. So the Bay
of Blans cruise season, so this all goes to tourism, right,
we want more tourists. Yes, we're spending more money getting
more tourists back. Yes, we haven't got back to where

(51:51):
we were in COVID.

Speaker 12 (51:52):
No.

Speaker 2 (51:53):
So one of the things that's happening is the cruising system.
Now the cruising system is not the way it was.
And I'm reading this morning the Bay of Islands one
of the most beautiful parts of the country, whether you're
on a cruise ship or not. Next year the number
of ships coming is almost harped. Why well, costs yet again,
more costs, central government costs, port costs, regional authority costs.
You've got a biofouling rule, which I can understand. So

(52:17):
they've got a you know, they've got to tart their
act up a bit, so I understand that part. But
last season ninety two cruise ships, this year forty seven.
So how do you rebuild a tourism industry when you
get those sort of numbers?

Speaker 18 (52:29):
Sixteen too the My Costing Breakfast full show podcast on iHeartRadio,
powered by News Talks at be Jews.

Speaker 2 (52:40):
I'm just looking through the trying to find a text
but I can't find It'll come back to it. Primate
is going to pay rise in Australia. Let me give
you the Liverpool cities actually first, before I talk about Albanese.
It's just fascinated with lux and flu. As I told
you on that seven five seven, I don't think I'm
breaking confidence and saying Luxean was telling me the other
day about Albanesi's planes. Planes. He's got three and they're

(53:04):
what you would be calling sort of YEA seven three
sevens your A three twenty, something like that, the stuff
that flies from Auckland to christ Church, Auckland to Wellington,
those sort of planes. And they got TVs on board
and showers and Life flat beds and stuff like that.
So he whip around Australia and those. If you're going
somewhere further Afiel, he's got another plane. He's got a
fourth plane, which is an A three fifty. Now the
A three fifty is something you'd probably get on flying
Singapore Airlines from Auckland to Singapore. So it's a big

(53:26):
plane and they've got Life flat beds and they can
watch the NRL live as they jet their way around
the World's got full catering, drinks, food and all that
sort of stuff. Meantime, we in this country have, of
course these seven five seven, which is pieced together with
no duct tape and some glue and has to fly
from literally to get to China. If you go to
Auckland Airport and you book a ticket on a commercial airline,
you can get from Auckland to China in one go.

(53:47):
But when we fly our plane, it goes from Auckland
to Darwin, Darwen to Manilla, Manila to China. That's a
bit work'd be so dismissive.

Speaker 11 (53:56):
It's a fine example of our.

Speaker 2 (53:57):
Number eight ingenuity. There's that randinga anyway, so elbans you
get to pay rise. He's now on six hundred and
twenty two thousand dollars. Now is that a lot of money?
Of course, it's a lot of money, But then again
he's running a country. Trump gets six hundred and seventeen.
But then my point being, it's the stuff that surrounds it,
isn't it. So Trump's not really worried about food or

(54:19):
dry cleaning, or security or transport or anything. So, in
other words, the six hundred and seventeen one thousand dollars
is irrelevant because everything's paid for. Singapore's prominence then gets
paid two and a half million. If you run Hong
Kong you get one point one million the Swiss president
gets eight hundred and seventy seven thousand dollars. Carney in
Canada for seventy seven lux and for seventy four, so

(54:40):
four seventy four he doesn't even get paid that well,
and he's got a crack plane. See Starmer gets three
sixty five, so even less than lux and you go
wild on he's running all of Britain sixty six million people.
But then again he's got a plane. Hasn't he got
a proper plane? So it's really fancy glasses too. It's
the stuff that goes with the job, not what you weren't.
You can Luxon to be happier if he earned less

(55:02):
but got a better play. I reckon he would. I
reckon Luxon would work for free if he had a
proper plane and could go places. Is my guess on
that ten minutes away from.

Speaker 1 (55:10):
Me the Mic Hosking breakfast with al Vida Retirement Communities
News togs had been.

Speaker 2 (55:16):
Given away from it as the Super Rugby can't comes
to a conclusion. This weekend we get the news that
Ardie sarv is not going to be around next year
for Mowana Pacifica because he's off to Japan again on
a sabbatical. Now, Debbie Sorenson's the Mawana Pacific a CEO
and is with us.

Speaker 5 (55:28):
Good morning, Good morning here mate.

Speaker 2 (55:30):
Is this a shock or has it been coming?

Speaker 19 (55:33):
Oh no, it's not a shock at all. It's a
normal part of professional players' careers. And you know, we
are very lucky with the gift of Ardi in this
last season and so for him to go away for
a sabbatical and really you know, recharges batteries. We're looking
forward to him returning.

Speaker 2 (55:54):
Was everybody on the same page, all the players, all
the management or the organization.

Speaker 19 (56:00):
Indeed we are. We've just had the most miraculous season
this year, given that it's our fourth year running, and
to do so well and to beat all the major
you know, New Zealand clubs has really been exciting for us.
So what we've seen this year is we've seen real
potential in real hope and we know that we can

(56:21):
make finals footy. It's just a matter of when.

Speaker 2 (56:24):
Did you say something to Ardie like what you just
told me, and how wonderful it's been. Wouldn't he like
to hang around a bit longer and you know, take
it to the next level.

Speaker 19 (56:33):
What I've said to Ardie is thank you for what
you've done for us this year, and we've appreciated all
of that that we wish him well for next year.
Certainly if he changed his mind and wanted to stay,
we'd be delighted. But you know, I think it's a
big thing to support your players in their career and
what they need to do to you know, carry on,
and so this is a key part of Ardie's game,

(56:57):
end of his career. So we wish him well next year.
And having that relationship with Japan is a good thing
for us. You know, it's good for Super Rugby Club
to have a relationship with Japan and that's what we're
able to build on with him going there this next season.

Speaker 2 (57:11):
Is it unfortunate to the extent that he's made in
a team game, he's made an outsized contribution, hasn't he.
I mean, he's been brilliant.

Speaker 19 (57:20):
He has been brilliant. And there's two things I'd say
about that. He has played what I would consider the
best rugby of his life playing for us, and a
lot of that is that he's just enjoyed it and
it's his whole authentic self. You know, he can bring
his whole self to the club and be who he is.
But what he's done is he's lifted the whole club,

(57:41):
like he's lifted the squad, who you know, understand what
it looks like if they can see what it looks
like to be a professional player. And also the club
and the fans. You know, we've had the most incredible
turnout from our fans this year, and you know we're
filling that and Ath how the fat him without much
of a problem. So I think it might look inordinate,

(58:05):
but actually there's a lot of things that go together
to make it work really well. And Addie has worked
quite hard to make sure that he's not the single outlier.
He's worked hard to bring the squad together. He's done
lots of mentoring of the leaders. He's just been amazing.

Speaker 2 (58:23):
Dirdy has Debbie preciated DeBie Sorenson, who's the one specific CEO. Mike,
do you realize the same doctors working on the private
sector and the public sector? Same doctor? Yes, I do
realize that. I don't know what the big dealer is.
Mike cacc has been contracting surgery to private facilities for
years exactly. Mike, last week I had to take my
son from Westport to christ Church for a standard tooth extraction.
Westport Coast health is almost non existent. Michael, it's an

(58:44):
interesting insight you give. Dentistry shouldn't really be part of
the public health system in my humble opinion, and dentistry
is a major problem within the public health system because
we're short of dentists at the best of time, and
very few of them actually worked for the public health
system at all. So there's that line as to what
you expect from the public versus But Mike, it's the
A lot of you saying this, theater nurses and anesthetic
technicians that shut theaters down. The reason is that the

(59:06):
hospitals will not pay any overtime news for you. In
a couple of moments, Scrutiny Week, How's that gone? A
Ginny Anderson, Mark Mitchell Politics Wednesday After the News? Which
is next?

Speaker 1 (59:18):
Mike Hasky instateful, engaging and vitally the Mic Hosking Breakfast
with the Defender, Doctor the most powerful Defender ever made?
And news togs dead be.

Speaker 15 (59:31):
Come on, Jie, come on, Chrystler, let's roll again. Built
something years people, me.

Speaker 2 (59:45):
Build us the same way.

Speaker 5 (59:47):
Rust.

Speaker 2 (59:49):
He's not bad. He's still going. He's still angry. Neil
Young obviously, and the Chrome Hearts. The Chrome Hearts are
a new band. He announced that last year. Although the
new band has made up of people who's played with before.
I don't be him to taking any risks these days.
They're from a band called Promise of the Real, the
band led by Lucas Nelson Nelson, Yes, and Willie's son.
They back Young on several albums and tours. There's a

(01:00:11):
song called Dark Mirage apparently, which is a grungy companion
piece that lends credence to rumors that Young and his
daughter had a severe falling out after he divorced his
second wife and her mother in twenty fourteen so he
could marry Daryl Hannah. I don't know whether any of
that's true, but I thought i'd dropped that in for funzies.
But we've got ten glorious tracks and they last thirty

(01:00:32):
seven let's call it thirty eight minutes, thirty seven minutes
and fifty six seven. Now. Mark Mitchell is with us
long a jimiy Anderson, Good morning to both of you two.

Speaker 3 (01:00:40):
Both. Good morning morning, Chiley, Good morning.

Speaker 2 (01:00:43):
My god, never learned to speak English here? How is Mark?
First of all, thank you for getting up because quarter
past four in the morning, or did you not go
to bed?

Speaker 20 (01:00:52):
I didn't really go to bed because we got by
the time we arrived at midnight. Then by the time
we sort of got sworded into the hotel, so I
had some reading to do.

Speaker 3 (01:00:59):
So of course you know that I loyally try to
be on the show.

Speaker 20 (01:01:04):
I found out an experience when we had cyclone Gabriel,
how the listeners on the show turn up and when
I was over there.

Speaker 3 (01:01:11):
I mean, you know, we don't.

Speaker 20 (01:01:12):
Talk about this often, but the amount of messages that
came through and that makes it that made a huge
difference for the people on the ground, so people bothered
tuning to us. I just make the effort and I
think that that I want to turn up for the show.

Speaker 2 (01:01:24):
Good on you take us through the journey. Was it
three or four days to get from Auckland to China?

Speaker 20 (01:01:31):
It probably felt like four, but that was too The
journey was outstanding. Our New Zealand Defense Force person now
particularly Air Force, and the way they operate the seven
five to seven there was flawless. We had to stop
in Ken's a refuel and then to stop in Singapore
and then through to Shanghai.

Speaker 3 (01:01:50):
So no, it's been through. It's been a good trip,
Isn't it funny?

Speaker 2 (01:01:53):
Because I was talking to him blux and about that
the other day. He had you stopping in Darwin and Manila.
So the fact that you stopped in Ken's and Singer
poor indicates for a man who ran an airline, I'm
just thinking to myself, jeez, well.

Speaker 20 (01:02:06):
No, he's I mean, he's completely depend on the advice
that he gets from Defense and they will take the best,
most efficient route to sort of give us here. But
ultimately those are operational decisions for them, and that's the
way that we came was and it was it was good.
I mean, you know, huge respect to our delegation and
our keywis that come on these things. We don't have
the most modern technologies, maybe not the most comfortable flight

(01:02:28):
of the world, but our youthful people are outstanding, and
we've got an incredibly strong business delegation up here that
it's an interest sise of the country.

Speaker 2 (01:02:37):
Well, okay, just move. I know you're on a bonafhone mark,
so just move, because that's I think your prepay might
be might be, Jenny. As far as scrutiny weeks concerned,
let me come back to yesterday and and your two
potty mouth colleagues. Is that what's happening? I mean, I
mean what happened there? Do you know?

Speaker 21 (01:02:57):
No, I don't think that's an accurate reflection of what
actually happens in scrutiny week. So I've had seven ministers
so far, and we've been working really long hours to
be able to drill into parts of the budget and
ask questions to understand where money's being spent and where
directions going.

Speaker 2 (01:03:13):
Is it de scended in your view? Because I remember
you came on this probram was it one or two?
How long scrutiny? Is this a second year or third year?

Speaker 21 (01:03:20):
I think it's the third year, yeah.

Speaker 2 (01:03:23):
Because the first year I remember you were quite bullish
about it and it was interesting and it was a
bit different. And I just wondered if, as I watched
Web and Russell yesterday and the swearing and stuff, whether
it's got a bit acrimonious because the fun factor has
gone and now you're just backing into hating each other.

Speaker 21 (01:03:40):
Well, remember we always do this. There's two cycles in
the budget where we're analyzing it. So there's just longer
periods of time and dedicated in a week. So it's
still the same process that what politicians have always done.
Ministers front up and answer questions about the budget. So
it just means that there should be by standing orders
longer period it's a time when ministers are being questioned

(01:04:02):
through scrutin your week, and some have changed. So we're
still debating that because some have cut their times right
back just to fifteen minutes and that's not what our
standing orders specified for ministers.

Speaker 2 (01:04:12):
Is it still fruitful?

Speaker 21 (01:04:14):
I think so, Like you get to talk to things
like I talked with Mark about police performance measures and
how they've been lowered. He denies that they have been
and I debate that it's pretty clear from the budget
that they have been lowered. So you get to talk
about parts of the budget that are quite drilling down
into detail that otherwise you wouldn't have that opportunity to
talk about.

Speaker 20 (01:04:34):
Well, I had six hours of hearings on Monday and
they only need twenty minutes.

Speaker 3 (01:04:40):
It's very weak. They don't come very well prepared.

Speaker 20 (01:04:42):
The questions aren't very good, so you know, probably twenty
minutes is all you need in reality.

Speaker 3 (01:04:47):
But we go them.

Speaker 20 (01:04:48):
I gave them an hour and a half an hour,
half an hour, half and a a half an hour
and half an hour on my.

Speaker 3 (01:04:54):
You know, scrutiny hearings.

Speaker 2 (01:04:56):
Okay, Indigenous people is the official title of which you
you are in China? What literally are you doing? Okay?
Bernapine's completely run out of breath. Break more in a
moment thirteen past eight.

Speaker 1 (01:05:10):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio. How
it by News Talks.

Speaker 12 (01:05:16):
It be.

Speaker 2 (01:05:17):
News Talks will be sixteen past eight Politics Wednesday, Mark
and Ginny, we'll try it one more time. Make Indigenous
people what specifically you're going to be doing.

Speaker 3 (01:05:26):
Well?

Speaker 20 (01:05:27):
Firstly on back because Glenn and Sam shows some true
key in to do it and sits stand on one
league and hold onto a coating.

Speaker 3 (01:05:33):
So hopefully, hopefully that's going to work. So Indigenous people,
can you ask questions again?

Speaker 2 (01:05:40):
That's your capacity in which you are in China? What
is it you're doing there?

Speaker 3 (01:05:45):
And are you we doing you well?

Speaker 20 (01:05:47):
We've got a very powerful business delegation here, so we're
going to be dealing with a whole lot of things.

Speaker 3 (01:05:51):
Obviously, trade.

Speaker 20 (01:05:54):
Help, food, education, it we've got We've got our Kappahr
group here that won Martini that part of the So
it's just we're only best's for years of we're here
selling New Zealand. We're out here solidifying that trading relationship
with China, which is critically important for us as a country,
especially the time and you see the out of instability
around the world.

Speaker 2 (01:06:15):
How do you dump tail them? And your Bona fine
is a very good example of this. The relationship we
have with China is a complex one. You're on a
Berna fine for obvious reasons, and yet you want to
do more and more business with China, isn't it strange?

Speaker 3 (01:06:28):
Well, only you just you highlight it.

Speaker 20 (01:06:30):
We live in a complex world and there's there's some
things that countries do that we don't agree with, as
kiwis and New Zealand's we highlight that those but there's
also really important with parts of the relationship that we
want to foster and strength and do. And obviously our
trading relationship with China has been with us for a
long long time. We have a free trade agreement with us.
They're a big part of what we do and a

(01:06:50):
big part of support in our economy, and so you
know we've got to maintain those relationships.

Speaker 2 (01:06:55):
Ginny, did you hear Simmy and Brown earlier?

Speaker 21 (01:06:58):
I had parts of it.

Speaker 2 (01:07:00):
What is your I just cannot get to the bottom
of it. What's you? And this was Asha Verial yesterday.
What's your fundamental problem? If they can get the registrar
thing in a contract with a private operator and also
do more operations, what's wrong with that?

Speaker 21 (01:07:16):
Because there's not two workforces. There's not a magic private
workforce and a public workforce. There's one workforce. So you
don't get extra work. You just take things into private.
Private still cops costs more, and it leaves all the
complex more surgeries in the public system. After he is
still in the public system, and it will send the
workforce with those longer contracts he's putting in place, the

(01:07:39):
workforce will go into private. So as you really picked
out trainee doctors can't get those hours up. Yeah, but
if they fix that, but the chronic problem is workforce shortages,
and so there's still the same number of doctors here.

Speaker 2 (01:07:54):
But find okay in most doctors though, Jenny work in
public and private. So Mike the surgeon works a bit
in public and a bit private. When I go to private,
if I end up doing some of the public work,
what does it matter? And for for the for the record,
the surgeon we had on the other day said is
actually cheaper anyway. So be that as it may. If
you utilize me and my skills more often, that's good,
isn't it.

Speaker 21 (01:08:15):
Well, that's good in the short term, and it has
we've we've worked as well to do some of those short,
quick and easy surgeries in the in the private system.
But long term of a ten year contracts, it doesn't
fix the problem that there's a chronic underfunding and there's
a workforce shortage. We don't have more doctors. We just
have doctors doing short, quicker surgeries in the public. So

(01:08:37):
the underlying problems aren't being addressed by doing.

Speaker 3 (01:08:40):
It labored in the story doesn't like the private sector, doesn't.

Speaker 21 (01:08:43):
You always say that you don't even know it's true.

Speaker 3 (01:08:46):
It's true. Well, you're fighting against the private set to
step in in. I didn't say that.

Speaker 21 (01:08:50):
I just said that we used it as well.

Speaker 3 (01:08:52):
I just said that we used it as well, so
we support that we're going to do that.

Speaker 20 (01:08:56):
The last time we're in government, Mike, we started reducing
waiting lists of waiting times because we partner between public
and private, and we're going to do the same thing again.

Speaker 2 (01:09:05):
So you can't argue Ginny when you when you do
nine thousand and something more elective surgeries. Those people who
got those surgeries are happy punters and they got a
better service, and they'll they'll they'll they'll back that vote
for that, won't they.

Speaker 21 (01:09:16):
I completely agree, But it does not fix the problem.
We need more doctors across vote. It's the same doctor.
It's the same doctor because it gives you short term gains,
but over a longer period of time when you need
to please finish because it leaves the more complex surgeries

(01:09:36):
and the public system. It leaves after here in the
public system, and those things aren't being fixed. It's a
short term fix that's great, yes, But as a long
term solution for the underfunding, more.

Speaker 2 (01:09:47):
Doctors, more doctors, that's a separate issue, isn't it. That's
opening up places in med school and bringing in people
from offshore and stuff like that. That's a completely separate
thing completely.

Speaker 21 (01:09:55):
But these Mike's the same doctor and public and private
and Mike can only do.

Speaker 3 (01:09:59):
It's got planned for that and he's working on that.

Speaker 20 (01:10:01):
And listen to last time, last time we were in government,
we started reducing the massive wit list that we had
under the previous labor government and elective surgeries.

Speaker 3 (01:10:10):
Again that done.

Speaker 20 (01:10:11):
We're setting targets and we're doing the same thing again.
I just think that's a blind ideology so that the
private sector doesn't have a roll.

Speaker 2 (01:10:19):
It's one for the election campaign. I suspect, Mark, what
time are you? What's your first appointment today?

Speaker 20 (01:10:26):
My first appointment is at quarter past six this morning,
and I'm meeting with the visit. Yeah, and we're going
to I'm meeting with the Business delegation. So that we start,
we get organized, we know what we want to achieve,
and we and we plan out the day because the
Prime Minister will be doing he'll be popping in and
out with the Business Delegation, but he's got other things
that he'll be off doing as well.

Speaker 2 (01:10:45):
All right, you go, well to you too. We'll catch
up next week. Appreciate it very much. Mike Mitchell and
Jinny Anderson Politics Wednesday for this Wednesday Morning, eight twenty two.

Speaker 1 (01:10:54):
The Cosking Breakfast with the Defender Octor News Dogs head.

Speaker 2 (01:10:58):
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(01:11:39):
tees and he supply this is R eighteen. Of course,
you can bet responsibly. Pasky Mike twenty five years in
or both private and public sectors, nurses and anesthetic technicians
work until the end of the list in private as
opposed to the end of the rostered shift in public.
Private therefore is incentivized to work more efficiently so you
can get home in good time. I think that it

(01:12:00):
boils down to, at the end of the day, no
coverage in this country for fairly obvious reasons. But the
big thing yesterday in Australia with Trump leaving the G
seven early was the Elbow meeting was off. Just like that,
it was off. And you cannot underestimate the amount of
angst and coverage that went into that meeting over a
period of months, pretty much since Trump arrived. It started

(01:12:22):
to get embarrassing for Elbow in the sense that a
lot of leaders have wandered through the White House and
sat on those yellow chairs, except Elbow hasn't. And Australia
is one of America's biggest trading partners, it's one of
the Five Eyes countries, it's part of haucas and yet
still Elbanezi had not been invited to the White House,
and so that started to get embarrassing. The broad sense

(01:12:46):
was not that they ever admitted it, that Elbow's a
bit pro Chinese for the American view of things. So
finally they got this thing sorted out at the G
seven and then of course all hell broke loose in
terms of wars and China and the Middle least in
Iran and whose side everybody was on, and then the
steel and tariffs, and so it was going to be
this awkward tightrope, and they built it up and built

(01:13:08):
it up and built it up and built it up,
and it was the most quote unquote the most important
meeting of Albanese's life. So onto the three point fifty
he gets to fly to Canada Lands and Trump goes
gotta go by and that was the end of that.
So the question question is when does Elbow get to

(01:13:28):
meet Trump? So we'll talk to us Steve Price about
that in the next couple of moments, after the news,
which is next the rebused.

Speaker 1 (01:13:34):
Talks event, news, opinion and everything in between. The Mike
Hosking bread best with Bailey's real estate doing real estate

(01:13:55):
differently since nineteen seventy three news talks had been.

Speaker 2 (01:13:58):
So here's where it gets a little bit tricky on
what happens next in the Middle East. Toulsey Gabett, who's
the National Intelligence Director, and she was selected to be
the National Intelligence Director broadly speaking because she's skeptical about
US interventions in the Middle East. They've seen it all before,
and we're sort of make America great again is really
about doing stuff at home domestically. So she's in front

(01:14:19):
of a Congressional committee and she goes, we continue to
assess that Iran is not building a nuclear weapon, and
the Supreme Leader has not authorized in the nuclear weapons
program that he's suspended back in two thousand and three. This,
of course, doesn't play well for Israel or indeed Trump,
who seems to have jumped on board the Israel bandwagon
with alacrity this morning, to which Trump says, I don't

(01:14:40):
care what she said. I think they were very close
to having won.

Speaker 1 (01:14:44):
Well, it's hard to argue with that kind of logic.

Speaker 2 (01:14:47):
I don't care what she said.

Speaker 7 (01:14:50):
And you wonder what when he is calling for a
complete give up, don't forget.

Speaker 2 (01:14:54):
I wonder how wars start? Twenty two minutes away from.

Speaker 5 (01:14:59):
Nine International correspondence with ends and eye insurance the peace
of mind for New Zealand business in.

Speaker 2 (01:15:04):
Australia to see price, good morning morning. Did you feel
sorry for him? Did you laugh? I mean, how bad
does it get?

Speaker 12 (01:15:13):
I think my initial reaction was I'm not surprised, but
for Anthony Albanezi it is a major embarrassment. Now, all
that being said, Donald Trump needed to get out of
Canada go back to Washington. You were just speaking about
what he does next, and none of us really know,
So you can't blame Anthony Albanize the fact that Donald
Trump is unpredictable. That being said, the only reason Anthony

(01:15:36):
Alberze he really went to Canada as a guest on
the sidelines of the G seven was to sit down
for the first time since Trump was reelected last November
and talk about probably two things August the submarine deal
and tariffs, which include aluminum, steel and book So he
doesn't get to see him. I mean, I was trying
to think of a way, a way to compare this,

(01:15:59):
and I thought of Mike Hosking inviting me to an
exclusive dinner at the best restaurant in Auckland. And I
turn up there and I'm told, no, Mike's found something
better to do. He's gone to the place down the road,
and you're here on your own with he also rabbits,
which is really what happened to Alboi's ended up in

(01:16:19):
Calgary with all the other leaders who were on the sidelines,
not part of the G seven now the G six,
and so no discussions happened. He's had three phone calls
only since Trump was elected. But the most embarrassing thing
I think was he was holding a media conference yesterday
morning in our time in Calgary and talking about how
the meeting was going to go and how important it was.

(01:16:40):
It was crucial for Australia and he was going to
negotiate hard and firmly with Donald Trump. We walked out
of that media conference and his staff found out by
their mobile phones on either Twitter or truth social that
the president's media advisor had said that Donald Trump's going
back to Washington. He wouldn't be there on the day

(01:17:02):
they thought they were going to have the meeting, so
no one even rang them, which is the worst part
of the whole thing.

Speaker 2 (01:17:06):
It's unreal I it's I mean, look, it happened, that's like.
But having said that, given Trump doesn't stay for these things,
and it was, you could argue entirely predictable. He wasn't
there for the whole length of it to get a
meeting organized into the event that he was probably not
going to be at You could go back and go
why do we agree to that? Couldn't you?

Speaker 15 (01:17:29):
Yes, you could.

Speaker 12 (01:17:30):
I mean, in hindsight's a wonderful thing what they should
be doing. And you know, I have no confidence in
our I'll make Kevin Rudd as the ambassador. I mean,
you can lay some of the blame at his feet here.
The only meeting you should organize with Donald Trump's probably
at mar Lago, playing goal exactly, and you know he'll
turn up. Well, why did any think he was going
to hang around in Canada?

Speaker 2 (01:17:50):
It's funny, I was, I was before the news and
building up to this. It's and correct me if I'm wrong.
But obviously this has got no coverage here, but in
Australia this has been built up in a way that
I'm not I mean, this was a big, big, big deal,
wasn't it huge?

Speaker 12 (01:18:07):
And Anthony Albaneze was banking on this, showing the Australian
population that it was a good thing that he was
re elected. He could play on the world stage and
Donald Trump had some respect for him. And you've got
to remember there was a question asked of Trump at
the end of the election campaign about Australia and Australian Politics.

(01:18:28):
He said he didn't have a clue who Peter Dutton was,
but he thought Antony Albaniz he was a nice blow.

Speaker 2 (01:18:34):
Yeah, exactly, Chalmers. Today, what's he got to say?

Speaker 1 (01:18:37):
Now?

Speaker 12 (01:18:37):
He's going to go to the press club and use
a major speech to declare that economic reform is needed.
Good on, you tell us something we didn't know to
address three blunt truths about the nation's budget. And he
makes the point in this speech. It's been leaked to
The Australian this morning. The budget's not sustainable. Gee, thanks Jim.
We knew that as well. He said, it's wrong, but

(01:19:00):
not sustainable. Our economy is growing, but not productive enough.
Productivities in the toilet here in this country. It's resilient,
not resilient enough in face of global economic fragility. So
he's not telling us anything we didn't know. In the
last three years, the Albanizi government has added a net
one hundred and twelve billion dollars to our deficits over

(01:19:24):
the forward estimates, leaving a total of one hundred and
fifty billion in read ink, while the federal government debt
is going to reach a trillion dollars as soon as
September this year.

Speaker 2 (01:19:35):
Is he going to be accused of you knew all
this all along, but you didn't tell us enough in
the election campaign, and now that you back, all of
a sudden the bad news arises. Got that vibe about it?

Speaker 4 (01:19:44):
Yeah?

Speaker 12 (01:19:44):
Does That's what the questions would be about today, And
no one really surprised him. And the federal government's broken.
So it's just about every state government around the country,
including Victoria of course, which says the worst debt and
the lowest credit rating in the nation.

Speaker 2 (01:19:57):
Of your music collection where there is a ACDC.

Speaker 12 (01:19:59):
Fit pretty high if you're talking about Australian music, probably
just below the Begs, who I'll claim as Australian crowded
house who are Australians really? Then sorry, then maybe a DC.
They're going to announce a concert series. I don't know
if they're coming to the fine city of Auckland or not,

(01:20:21):
but you'll find out. It's going to happen in November.
But the interesting thing for Melbourne, and you're not old
enough to remember this, but I can. In nineteen seventy six,
the ac DC, the original band, got on top of
a flatbed truck and drove down Swanson Street in the
center of Melbourne with bagpipes on the back to film
a very early music video back in Black. So it

(01:20:45):
was an extraordinary historical moment. Now the hope is that
when they come back in November, they're going to recreate
that music video down the very same street. The only
difference that they will find, Angus Young, of course was
there on the back of that truck that day, is
that the street they drove down in the truck in
our cart can no longer drive down because it's full
of cyclolopelan bike planes and tram stops.

Speaker 2 (01:21:10):
Hey, just quickly, I was reading yesterday the bloke they
got for the Barley nightclub bombing. This is an interesting
question about back in time. He's been sitting in Gimo
all these years, and the Americans announced yesterday they're going
to take him to trial. How if I went down
the street of Melbourne's or streets of Melbourne said Barley
Nightclub bombing two thousand and two, How many people are
sort of cognizant of that and still aware of it

(01:21:31):
and still a big.

Speaker 12 (01:21:31):
Deal my generation and down to probably people aged around
fifty who would have been in their twenties when the
Balley bombing took place. I mean it is seed into
the nation's memory because it was so horrific and what
we had to do to get people out of there,
and the fact that some of the Barley bombers. I

(01:21:52):
was actually on Aeron radio the night they were executed,
but some of them were just let go in the
back in the community and one bloke's running a cop
be shopping BALI unreal.

Speaker 2 (01:22:01):
All right, make catch up soon. Appreciate it very much.
Steve Price across the Tasman. Yeah, they're in Gitmo and
it's a long time he's been sitting in Gitmo, but
there he was also accused of a two thousand three
bombing the JW Marry you may remember in Chakata. That
was twelve people that eighty eight Australians dead in the
Barley bombing of two thousand and two, eight forty five.

Speaker 1 (01:22:20):
Already the Mike Asking Breakfast Full Show podcast on iHeartRadio
powered by News Talks at B.

Speaker 2 (01:22:29):
It appears that Steve got it wrong. Back in Black
it was long way to the top. Rock and roll
wasn't back in Black. So we'll let Steve know that
most liveaboo cities in the world out today. We've got
the best airlines earlier on today we're lucky to be
serviced by Katar best air line and the world. Singapore
was right up there. Best cities in the world. You

(01:22:50):
want to do ten through one, one through ten, let's
do ten through one Vancouver. I should tell you overall
that last year twenty twenty four, global livability rose fractionally,
but it hasn't been the case this year. We've seen
declines in stability, no kidding. We do see some improvements

(01:23:10):
in things like health care and education, but that's led
mainly by the Middle East or the parts of the
Middle East that aren't blowing up at the moment, but
that's been offset by declines in stability. So we're not
as stable as we used to be, which does bring
us back to this whole attitude. And I don't have
time this morning, but it was reading a very interesting
piece yesterday about the Australian housing market, which is going gangbusters.
It is absolute fomo is back. So the Australian economy

(01:23:33):
is okay. It's not great, it's okay, but people are
borrowing money like there is no tomorrow. There's a que
to borrow money. There is a que to get into
a house and they are literally wetting their pants with
concern that they're going to miss out. Fomo is alive
and well in Australian housing, and prices are going through
the roof. So a lot of that, I suspect is
about attitude and we're in a bit of a funk,

(01:23:54):
as I've seen many times in this country. So how
is it, I ask you that Auckland ends up seven,
the seven most liberal city in the world, and a
lot of you will listen to that and go, But
the fact is, if you're you know, in a lot
of parts of the world, Auckland would be a magnificent place.
So number ten, Vancouver number nine, and Australia does extremely well.

(01:24:15):
There are three cities in the top ten of the world.
Adelaide nine, Auckland seven, Osakas seven, Sydney six, Geneva five,
Melbourne four. See Melbourne, to my eye is nowhere near Sydney.
Melbourne's got a tremendous number of cultural social problems, and
yet is allegedly better than Sydney. Zurich three, or technically

(01:24:36):
second equal with Vienna and Copenhagen is you're extremely expensive,
but nevertheless, design wise, very nice and the most liberbal
city in the entire world. So at least Auckland's is
inn't there. So it boils down to how you see things,
and if you want to see the good things, you
will see them. Nine minutes away from nine.

Speaker 1 (01:24:54):
The Mike Hosking Breakfast with Bailey's Real Estate News talks
dead be.

Speaker 2 (01:24:59):
Good news from Melbour if they've done it again eight
years running. They've taken out the consuming New Zealand People's
Choice Awards keiwisaber for the Milford qwisaber plan. And there's more.
Morning Star's latest independence survey you find that, by the way,
Morningstar dot com dot au that shows Milford has had
the number one performing qisaber funds in growth, balanced and
conservative categories for returns over the past ten years. All

(01:25:19):
down to Milford's expert team, of course, and their active
approach to investing. So why wouldn't you switch to Milford
for the old keywisaber account takes minutes you jump online,
All you need is a photo ID and an IRD
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course not reliable indicator of future performance, and Milford Funds
Limited is the issuer of the Milford Kewisaber Plan. So
read that Milford Qisaberplan product disclosure statement that's available at

(01:25:41):
Milford Asset dot com Melford asset dot com. And before investing,
you may wish to seek financial advice. Are so for
more information on Milford's advice services and to see their
financial advice provider disclosure statement, you go to Milford Asset
dot com slash getting Dash Advice one more time Milford
Asset dot com slash getting Dash Advice asking give him

(01:26:03):
a prize. Christopher Bishop, Housing Minister this morning has given
a speech in which he is or Cabinet but he's
announcing he's got new powers to and this is not
a moment too soon. This is this will make the
local council's absolutely spew. He has got new powers as
Housing Minister to intervene in local council plans. He will

(01:26:26):
be allowed to modify or change plans that work against
economic growth, development and employment. This is a new housing
discussion document. It's out for consultation. Consultation. Cabinet has agreed
to insert a new regulation making power or a new
regulation making power and to RMA following us allowing us
to modify or remove provisions in local council plans if

(01:26:47):
they negatively impact economic growth, development capacity, or employment. We
are not willing to let a single line in a
district plan hold back millions or billions in economic potential.
If local councilors don't have the courage to make the
tough decisions, we will do it for them. The days
of letting counsels decide that growth shouldn't happen are over

(01:27:08):
go him five to nine.

Speaker 1 (01:27:11):
Trending now with chemist whare House Great savings every day.

Speaker 2 (01:27:16):
Remember I know what you did last summer nineteen ninety seven,
Jennifer Love Hewitt, Freddy Prince Junior. They had a sequel.
I still know what you did last summer. They've done
it a third time. If you can believe that, they
haven't even changed the name. I know what you did
last summer.

Speaker 16 (01:27:35):
Oh my god, I'm going on.

Speaker 2 (01:27:39):
We don't tell anybody what happened today?

Speaker 3 (01:27:41):
Where you go?

Speaker 21 (01:27:45):
What if someone says, outside of us, no one knows
what happened.

Speaker 9 (01:27:49):
Right, someone is clearly coming after us and.

Speaker 2 (01:27:58):
Started drinking the cat not going to help us, and we'll.

Speaker 4 (01:28:04):
Find someone who will.

Speaker 12 (01:28:07):
One of us.

Speaker 16 (01:28:10):
Is hiding something.

Speaker 17 (01:28:15):
What are you waiting for?

Speaker 2 (01:28:16):
How can you tell the same story three times over?
I mean, either you know what you did last summer
you didn't know Meddling Klein is the lead. Yes, Jennifer
Love Hewitt is also back. Freddy Prince Junior is also back.
It's going to hit theaters in July, the eighteenth of July,
which is not that far very Bay can We're sort
of getting dangerously close to the end of June already,

(01:28:37):
so the year is whizzing us by back tomorrow morning
on the shortened week from six Happy Days.

Speaker 1 (01:28:49):
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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