Full Show Podcast: 13 August 2025

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

Speaker 2 (00:11):
Wlling You welcome today. You can on a insight pull
you on housing and business profits more, angth Server, Pealestone,
Grant Dalton on these new couple rules, Mark and Jinny
pony up after right for Richard, I will state side
Steve price Inos.

Speaker 3 (00:23):
Failure forus as well.

Speaker 2 (00:24):
Pasky, Welcome to the day. Seven past six. Never takes
long to find the bank of the taxpayer. Don't you
reckon the Green Building Council. We'll talk to them later.
The Green Building Council has lined up the government for
lord knows how many millions of dollars so we can
audit our gas heaters, buy heat pumps and save us
all one money and two apparently the gas industry are
We talked yesterday with businesses who use gas. Some are
looking to convert, some want discretionary loans from you know who.

(00:48):
Major gas users met the Minister last Friday. I assume
to state the obvious that we don't have enough gas,
so something needs to be done. Just what the something is?
No one seems to know give and I have been
given no clear answer so far to a fairly simple
question I've asked a number of times over the past
couple of weeks. Now, at the big level, like method
X or balance, I don't know there is an answer.
I mean, you either pay the price or presumably pass

(01:10):
it on, or you don't and close down. At the
smaller level, does a grower of something need a government
loan or a handout? Should a grower not have seen
the price of gas and thought to themselves might like
to inquire about an alternative? You do, I guess? Get
that interface between business being for personal good versus wider
good like jobs and produce for the country, and what
role the government might play in that. At a personal level,

(01:32):
we use gas at our place price as a joke.
We may or may not need to look at something different.
But meantime, I am prepared to put the bill and
I've got no desire to seek help from the government
at the Green Building Council or right, and we all
switch to electricity as supplied by rain, wouldn't life be great?
But we all know it's not that easy. We all
know the renewable journey has been and remains a cluster.
We all know a variety of circumstances. A coalest to

(01:55):
provide the sort of business environment that leads to big bills,
big cutbacks, job losses and lack of growth. It's an
open question, I guess, as to how much of the
lack of gas is about the Labour Party and the
killing of an industry versus what we already had running
out faster than we thought. But is it possible we
could just have a mindset change whereby the taxpayer isn't
always the first cab off the rank to cover yet

(02:17):
more lack of foresight and planning.

Speaker 1 (02:20):
Wow, news of the world in ninety seconds.

Speaker 2 (02:23):
In the world of seemingly unsolvable problems, the British government
remained bogged down this morning in the illegal boat drama
New Day, new record. They've cracked fifty thousand since arriving
in government. The Tories. They're making hay.

Speaker 4 (02:35):
The thing that will fix this problem, what will stop
the boots is the deterrent, which means they don't come
here in the first place.

Speaker 5 (02:40):
And Leba does not have the deterrent plan.

Speaker 2 (02:42):
The government to try and the oldest trick in the book.

Speaker 6 (02:44):
We've taken our responsibility to work internationally to change the law,
to improve the way in which the asylum system works.
The last government did none of those things and focused
on gimmicks.

Speaker 2 (02:56):
Unsolvable Problem number two the United Nations still jawby in
the Middle East. Why is Famas and why is ja?

Speaker 7 (03:02):
We also demand that Israel, as the occupying power, immediately
and unconditionally allowed the entry of humanitarian assistance at scale
into the Gaza strip, including food, medicine and fuel.

Speaker 2 (03:17):
The israelis working hard at the journalist claims why is Kamas.

Speaker 8 (03:20):
And why is el Jazeira having terrorists on their payroll
working as journalists?

Speaker 9 (03:25):
And why are terrorists also functioning as journalists?

Speaker 1 (03:28):
With questions?

Speaker 2 (03:29):
I think that those are questions.

Speaker 9 (03:30):
That need to be very alarming and we need to
ask them.

Speaker 2 (03:33):
Unsolvable Problem number three the European thanks over the Saturday's
chin wag in Alaska. The war is not succeeding. They
are not getting what they want.

Speaker 10 (03:41):
Ukraine is standing strong, so they are trying, of course,
various other means.

Speaker 1 (03:46):
So we just have to be very realistic.

Speaker 2 (03:48):
All I can those played.

Speaker 11 (03:50):
Putin has not renounced any of his maximalists and imperialist
demands and claims. So I think we have to see
to it that this meeting ends with something that is
helpful to Ukraine, to the victim of the aggressive.

Speaker 2 (04:05):
They have announced a location. It's an anchorage probably not surprisingly.
Finally are what some suggests is Britain's WOCUST Council gave
us more material this morning. This is Burton Council, South London.
They're now asking stuff to call parents caregivers rather than
I don't know mum or dad. That way it's more inclusive.
They've also told workers not to use the words young,
old or mature because that would be ages. Of course,

(04:26):
they put these new directives in their twenty seven page
and inclusive Language Guy, which says you cannot say things
like mannadsk. That is news of the world in ninety
it's all go, I tell you what. In the world
of finance, three point six percent. The RBA of Australia
will look at this. In just a couple of moments
moved yesterday twenty five points US inflation came in. Oh
my lord, they loved it. The markets off to the races.

(04:48):
More shortly, twelve past six, the.

Speaker 1 (04:52):
Mike Hosking Breakfast Full Show podcast on iHeartRadio powered by
News Talks B.

Speaker 2 (05:00):
I'll come back to this later, but the jobs market
in the UK's interesting. Unemployment to state at four point
seven percent, but there's some interesting numbers around that. Who's
got inflation under control? Answer? India one point five to
five one point five to five drop for the ninth
straight month, fourteen past six, j Am I Wealth, Andrew Callah,

(05:20):
Good morning morning, Mike. Right, there's a big news day yesterday.
Sparks start me off with that good or bad? Are
we enter this?

Speaker 5 (05:28):
Yeah?

Speaker 12 (05:28):
This is good. I think if you want to characterize
whether they single word look the share price. Sparks share
price has been lifting since the beginning of August, and
I suppose the contexts important here because it was around
three bucks E in the year and then anybody that's
invested in the zoom shermark will no then slump drag
the market down to around two bucks. That you had
a recent little lifts and started this month, and that
was due to rumors it was looking at a sale

(05:49):
that its data centers confirmed yesterday's seventy five percent interest
in its data centers has been sold to Pe firm
Pacific Equity Partners that values the data center business to
over seven hundred million Mike. It was a good attractive price.
It de risks that business because Spark would have had
future capex commitments there. Positive for the balance sheet helps

(06:10):
Spark maintain that attractive dividend, which has been important for investors.
We'll get a bit more commentary on the twentieth of
August their adding results, share share price. Yes, they gave
back some of the recent gains, but yeah, I'd say
good okay. Alliance Yeah, been on a journey. There's to
reset their balance sheet. They've had a few troubles, so
they've had a recapitalization plan in place. Another deal that
had been rumored confirmed. Yes, they quite a big deal.

(06:32):
They've sold sixty five percent of that business to an
Irish company. I'm not sure how the farmers are going
to feel about that. So it won't be fully in
New Zealand owned anymore. It's called Dawn meets two hundred
and fifty million dollar deal. So Alliance is a co op.
It needs shareholder approval. Values Alliance at five hundred and
two million. You know, they have been under pressure from
their bankers so it's good that they've got an exit
or they've got a solution there. And what about Vulcan, Yeah,

(06:56):
Vulcan steal listened on insidex preliminary update for their full years. Else, yes,
they point of interest here might because it reflects us, guess,
the state of construction industry and demand for steel. The
result was expected to be weak, and I guess in
that regard it didn't disappoint. Net profit after tax fourteen
to sixteen million. Somebody sent me, you know, at the
height of the at the height of the construction boom,

(07:17):
that net profit after tax was over one hundred million,
I think forty last year, eighty seven point nine the
year before. So you know, it's obviously it speaks to us,
I guess. They said, persistent economic challenges in both New
Zealand and Australia. They are facing a demanding trading environment
with aggressive and in their view, unsustainable pricing by some
market participants. Look, the share price lifted a little bit yesterday,

(07:38):
but it's quite a lot down from where it was
safe from looking back at much. However, they did say
encouraging signs that the downtrend is beginning to level out.

Speaker 2 (07:46):
Hope, so Michelle came to the party. What I found
interesting is if you look at her forecast, she's not bullish,
is she? I mean that economy is not going gangbusters?
Not really, No, it's some interesting notes. You know, we
fairly short of time.

Speaker 12 (07:58):
Look, where as expected, they ropped the cash rup by
twenty five basis points. They noted underlying inflation continue to
decline towards the mid point two to three percent range,
Labor market conditions easy as expected, unanimous decision, and there
is the possibility of further cast. One point I really
want to highlight on I thought was really interesting and
it got picked up at the press conference. They've made
some change to their forecast, but in particular productivity. Now

(08:21):
we know that this should be a conversation New Zealand
because our product deby recognn't that good. It's not looking
that good across the Tasman either, mic they've downgraded their
outlook for productivity growth is zero point seven percent per year.
Their forecast was at one percent. This means that the
economy will be smaller and poorer than if the productivity
had remained at one percent. Importantly, this is also an

(08:44):
issue here for New Zealand. It means their economy can
now only grow at about two percent before it starts
hitting supply constraints and fueling inflation. Look, this sounds very
familiar to the issue we've got here in New Zealand.
So all is not better across the ditch, and it's
an Australasian problem. This is one that both economies have
got to get a grip on.

Speaker 2 (09:04):
Right, So correct me if I'm wrong. CPI was good.
This is the state. CPI was good. That means Pal's
going to cart and that means the market's gone ooh
pretty much. Yeah, that's the playbook at the moment. So yeah.

Speaker 12 (09:16):
On expectations for US CPI of night at the headline,
sort of a little bit mixed because there was a
couple of points in there work quite so good, but
not enough to change expectations of cutting the Fed funds
rate in September, so month on month, zero point two
on expectations ex food and energy, so what we call
core a little bit higher zero point three two point

(09:36):
seven percent year heit That was slightly better than the
two point eight expected, but ex food and energy year
on year was up three point one percent, and that
was expected to come out at three.

Speaker 2 (09:46):
But look, the share markers have taken this.

Speaker 12 (09:48):
They're off to the races. It's a little bit hard
to stand in front of this US share mark at
the moment because it just keeps running and keeps heading
all time high.

Speaker 2 (09:56):
It does numbers please right. Oh, so here we go.
These are those highs.

Speaker 12 (10:00):
The Dow Jones is up five hundred and eleven points,
which is pretty good one point one six percent forty
four thousand, four hundred and ninety. The s and PI
s n P five hundred also up over one percent
sixty four to three nine, and the NASDA Cup two
hundred and seventy nine points. That is a one point
three percent game. Twenty one thousand, six hundred and sixty

(10:21):
five overnight. The forty one hundred they gained point two
percent nine one four seven. The Nick on Fire gained
eight hundred and ninety seven points last night, up over
two percent. Forty two thousand, seven hundred and eighteen. Shanghai
comps at up half percent. The A six two hundred
gained point four thirty six points eight eight eight.

Speaker 13 (10:43):
Oh.

Speaker 12 (10:43):
Unfortunately, the Insidets fifty did not have a great day, say,
down one hundred and fifty two points one point one
eight percent twelve thousand, seven hundred and fifty nine the
close there key dollar bit stronger point five nine to
five nine against the US on the wholeshoal markets, point
nine one p eight against the oussie point five one
oh two euro zero point four to four oh nine
against the pound eighty eight point oh one Japanese yet

(11:04):
gold three thousand, three hundred and forty nine dollars.

Speaker 2 (11:06):
Here we go break cruise down to six.

Speaker 12 (11:08):
Yep, down yep, get down, down down and key we
dollars up a little bit, which is a good mets
sixty six dollars and seventeen cents.

Speaker 2 (11:15):
Have a good day, mate. Andrew Kelleher JMO wealth dot
co dot n zoscogg writes, a nice day. Sharplifted annual
earnings profit was ten point seven million, up from seven
point six that's a two hundred and forty eight percent increase.
Will take that. It's all to do with the farmers.
Of course, our eggrosectors recovering. That's an understatement. Challenging in
the old retail space fair enough, but the real estate

(11:36):
market is responding to improve confidence as well, So all
on normal think we'll take that six twenty one.

Speaker 1 (11:41):
You're reviews talk z B Good the Mike Hosking Breakfast
Full Show podcast on iHeartRadio powered by the News talks
at B.

Speaker 2 (11:52):
Good Insight. Mike, could you please explain to us why
we can't buy gas from Australia. Well, we can't obviously,
but it's all about cost. The idea of producing energy
as you produce it at a cost you can have
foruden importing, it's always more expensive. There's nothing stopping us
and doing a whole bunch of stuff. It's just about cost. Mike.
I'm a grower who's trying to get off gas. There's
truth and the need to focus on options and stop
complaining on the cost of gas. The compliance and council

(12:12):
costs are horrendous and the hurdles to cross are unnecessary.
The government could put some time, resources and effort into
supporting businesses with moving through the red tape and compliance costs.
Just had to spend thirty grand had to park a
new fuel source for at least twelve months to look
at what the impacts are going to be. I now
need to do depression modeling and overall environmental impacts to
be able to tell the Council. We are doing the

(12:33):
right thing. The overall costs of introducing a new heating
system are extremely high, and with the current market and
financial sustainability for businesses, it will be a stress for
a lot of small to medium size operators and growing.
You make a most excellent point, and the next time
I get somebody on who's remotely connected to gas resources
and generally from the government, I shall ask about that
very point. Well done. Six to twenty five.

Speaker 1 (12:54):
Trending now with Chemist Wells keeping Kiwi's healthy all year
rount right.

Speaker 2 (12:59):
John Fans and who wasn't one? We got an update
on the Docker so as daughter Lawrence produced a tribute
to her dad's forty years in the business. It is
called but also John Clark.

Speaker 14 (13:09):
My whole life.

Speaker 15 (13:10):
People ask me what it was like to have John
Clark as a dad, udo las father.

Speaker 12 (13:15):
Here's a daughter's a bit down.

Speaker 4 (13:18):
It is a lessus fathered smart ass.

Speaker 2 (13:20):
He was utterly unique.

Speaker 8 (13:22):
They could riot, he could perform nothing he couldn't do.

Speaker 16 (13:25):
If we're starting the story of you and how you
came to you, where do we start.

Speaker 2 (13:30):
The actual key to him?

Speaker 4 (13:32):
This is absolute visceral loathing of authority.

Speaker 17 (13:36):
I mind the head MAT's saying to we are going
to break your spirit.

Speaker 18 (13:41):
Bring an answer.

Speaker 5 (13:43):
He said, look, we can actually have fun with who
we are.

Speaker 14 (13:46):
Kind of like a kick in the head with a
gumboot that we always kind of needed.

Speaker 3 (13:49):
We don't know how.

Speaker 18 (13:50):
Lucky we are.

Speaker 2 (13:53):
Never had a bad chat with John Clark. A couple
of things comes out in Australia on Friday, but it
comes out New Zealand according to flicks dot co dot
Nz the sixteenth of December. So that's helpful, isn't it.
How is that even possible in a world where everything's
available instantly all the time. How's it even possible? It's
in cinema's here. They're going to change the title for

(14:16):
New Zealand too. Here it's going to be called not
only fred Dagg but also John Clark. So that was
the original title, but it got shortened in Australia because
long titles don't advertise well apparently we insisted it stayed
long to showcase his connection to the fred Dag charrier.
Is that a meeting? Can you just imagine that the

(14:37):
creatives in a room with a white board and then
somebody said, we'll tell you what unless you do it
our way. It's going to be in cinemas on the
sixteenth of December and we're going to release it on
Friday here in Australia. Explain any of that to me.
Houses got some details on that new data this morning,
profitability or otherwise for businesses, got some new data on
that for you this morning. Got a lot of ankst

(14:58):
around Palestine, so David seen or on that, and some
new rules around the America's Cup. Grunt Dalton to join
the program as well. After the News, which is.

Speaker 1 (15:05):
Next the News and the newsmakers, the Mic Hosking Breakfast
with Rangrover leading by example, News Togs dead be.

Speaker 2 (15:15):
John Clark up dates from somebody who seems to nobody's
talking about Mike. It's going to be online for downloading
after three weeks. Three weeks after being released in Australia,
it's released in Australia's Friday, which is good, so thank
you for that. Twenty three to seven are Housing update.
New QB data this morning, average values dipping a half
percent over the last three months to July Upen down
one point two, Queenstown though up two point four. Come

(15:35):
on and End of a Car Girl up one point
two key here is the average price is down thirteen
percent on the COVID peak of twenty twenty one. Brad
Olsoon principal economist, of course, set to inframetrics and as
with us, Brad morning, good morning, you crunch down through
the building boom the consents that we had a couple
of years back in all the houses on the market
now versus the mood of the nation. Do we know

(15:57):
what's driving what's going on currently?

Speaker 4 (16:01):
I think there's a few factors coming through, Mike. I mean,
obviously there's a lot of people that have still got
their houses on the market that haven't yet sold. Is
about half a year's worth of sales sort of currently
sitting out there, So a lot of supply. You know,
some people are obviously not keen or not able to
pay the mortgage quite as much, or moving around for
a variety of other factors. The real challenge at the

(16:22):
moment is that there just aren't as many buyers out there.
People got hit earlier this year when their deposits, you
know that were in their KI savers or in their
Charsa's account and similar to a dip from the market
disruptions at the same time, of course, everyone's worried about
their job and employment, so people not going out and
buying at quite the same level as before. That means

(16:43):
that with a lot more supply not quite as much demand,
those prices continue to come under pressure.

Speaker 2 (16:48):
Do you believe the interest rate argument? As they come down?
Continue to come down. A and Z moved yesterday. I'm
assuming the others will move shortly. B moves next week.
This is the fizz we need?

Speaker 4 (17:00):
Well, I think you'll see movement to a degree. I'm
not convinced it's necessarily the fizz we need. From two
points of view, One, i'd be worried if New Zealand's
economy really was it was the only thing that could
move us was getting the housing market cranking again and
locking people out of houses in the future. But two,
and probably more importantly, how much of an interest rate

(17:21):
decrease you have you already seen in the economy and
there hasn't really been any response. So yes, lower interest rates,
I think will support a few more people, will support
a bit more lending. But I really don't see the
conditions for house prices to just zoom away going forward.
And I actually think that's probably a good painful but
good lesson for the New Zealand economy.

Speaker 2 (17:41):
I assume you read Kelly a colds piece yesterday as
I did. He's bullish on housing next year. What's he
see what's happening there?

Speaker 4 (17:47):
Well, I mean that's probably where Kelly and I diverge
a little bit, because I see the likes of that
highest supply that you've already got of existing homes on
the market, the fact that you've also got a whole
lot of those new builds from the last couple of
years they are only at the moment hitting the market.
But probably most importantly, the big sort of question, and
this is where, again you know that there's a lot
of economist views out there is migration. How many people

(18:10):
are we going to be having coming into the country.
What sort of population growth have we got? Because if
that population growth does pack up, then yes, there's probably
a bit more housing activity and higher house prices. If
it doesn't, you don't have that high level of demand.
You might well have the slowest population growth effectively since
before since the early sort of twenty tens GFC sort

(18:31):
of period. If that's the case, I just don't see
the conditions for housing to g up quite as much.

Speaker 2 (18:36):
You're a good bloke. Always good to have you on
the program. Brad Holes and the Infometrics principal economist. Let's
get to Richard Arnold. It's Anchorage and Washington this Morning
twenty two, the.

Speaker 1 (18:45):
Mic Hosking Breakfast Full Show podcast on iHeartRadio powered by
News Talks AP.

Speaker 2 (18:51):
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nz asking Mike if you read Audrey Young's article of
Mark Mitchelly's The Bionic Man. Yeah, that was yesterday's well
worth reading if you missed it. I mean, I know
him and I knew the story, so it wasn't news

(19:56):
to me, but nice insight. He's with us after rape
twenty five basis points. Mike is going to make a
jot of difference while rates, electricity, insurance, and to a
lesser extent, food prices keep rising. I can't help but
agree with you, Mike. Lower interest rate won't fix the economy.
The economy is severely energy constrained. That's a good way
of putting it. Actually, energy is the master resource for production.

(20:16):
Nothing happens without energy, and we unfortunately don't have a lot.
Can't argue with you. Ida Larry sixteen.

Speaker 19 (20:23):
To two International correspondence with Ends and Eye insurance Peace
of Mind for New Zealand business logo.

Speaker 2 (20:29):
We found wandering out of the Woods Richard Arland. Welcome back,
what anyway?

Speaker 14 (20:33):
You're just back from a Hoigh Mountain hiking trip to
find Could it be a romance rekindled between Donnie and Vlad?
That seems to be the headline today, doesn't it. There's
the US President's.

Speaker 20 (20:43):
Going to see Putin.

Speaker 8 (20:44):
I'm going to Russia.

Speaker 14 (20:46):
Oh he's as excited, doesn't he. He's going to see
Putin in Alaska? Did the White House just sell Alaska
back to the Russians while I was off?

Speaker 15 (20:55):
You know?

Speaker 14 (20:55):
The Russians sold Alaska to the US in eighteen sixty
seven for the purchase price seven point two midian US.
Last I heard, it was still part of the US
of A. I hope the pilot of air was one
days where we're taking Trump? Anyway? This will be the
first trip by Putin landing on American soil in eighteen years,
except for visits to the UN. The topic will be

(21:15):
the Russian invasion of Ukraine, although the Ukrainian leader Zelenski
is not invited, and Trump seems to be reviving the
idea that Ukraine started this blood bath when it was
because Putin, who invaded Ukraine, says Trump.

Speaker 20 (21:27):
I get along with Zelenski, but you know, I disagree
with what he's done, very very severely disagreed. This is
a war that should have never happened.

Speaker 14 (21:34):
So how can they discuss potential peace in Ukraine without
the Ukrainians, says Trump, who.

Speaker 18 (21:40):
Wasn't a part of it.

Speaker 20 (21:42):
I would say he could go, but he's gone to
a lot of meetings. You know, he's been there for
three and a half years.

Speaker 2 (21:46):
Nothing happened, no lots of meetings.

Speaker 14 (21:48):
The Alaska meeting was set after Trump's special voice, the whitcof,
a former real estate mogul, met with Putin last week
in Moscow. Zelenski says Putin is showing no signs of
accepting any cease fire, have no signs of being ready
for realistic peace discussions. European leaders are warning today that
Ukrainian leaders, if there's any thought of borders being redrawn,

(22:11):
are being skirted by all of this discussion. While Trump
says of that prospect is.

Speaker 20 (22:16):
Very complex because you have lines that are very uneven,
and there'll be some swapping, there'll be some changes in land.

Speaker 14 (22:25):
Since the Trump blow up with Zelenski in the Oval
Office six months ago. The American president has shown frustration
with Putin as well. Now it seems the Russian leader
is hoping to reignite that old black magic right Washington.
The Feds there, yep, oh yeah, they're just moving in
as we speak. Life March is on this time in
the shape of the National Guard who are deploying in Washington, DC,

(22:45):
the US Capitol. President Trump says, this center of the
political universe has been gripped by a crime emergency.

Speaker 20 (22:52):
Our capital city has been overtaken by violent gangs and
bloodthirsty criminals, roving mobs of wild youth, drugged out, many
homeless people.

Speaker 14 (23:01):
Wow, he should be doing the tourist. Should the blood thirsty,
violent gang's roving mobs come see Washington and really lovely
this time of the year, eight hundred National Guards troops
have been activated. Their assignment is to aid local law enforcement. Now,
this follows the National Guard deployments that we had in
Los Angeles a while back to deal with anti Trump protest.
At the time, many of those troops found that they

(23:22):
were basically sitting on their hands for weeks and weeks.
So is this a Trump move to bring sanity back
to always democratic cities or is it the ongoing onset
of the police state. The White House just said this
troop deployment will be re evaluated in thirty days, while
Defense Secretary and Group phone chatguru Pete Hegseth was asked
how long they will be there.

Speaker 8 (23:43):
I don't know, weeks, months, what will it take. That's
the President's call.

Speaker 14 (23:47):
As to the need for any of this. The mayor
of DC, Muriel Bowser, is saying that the latest numbers
show that Washington right now has a thirty year violent
crime rate low.

Speaker 16 (23:57):
She says, I'm going to work every day to make
sure it's not a complete disaster.

Speaker 14 (24:02):
Well, it's another diversion around the Epstein pedophile cover ups.
As Congressman Jamie Raskin.

Speaker 8 (24:07):
This looks to me like an emergency which is manufactured
because of a public relations crisis relating to the Epstein.

Speaker 14 (24:15):
But the White House says they might consider more armed
troops in the streets of other cities like Chicago or
San Francisco, all in blue states, of course, the cities
that are run by Democrats. However, the latest outs show
that some of the most violent places in this land
are in gun toting red state cities like Memphis and
Little Rock and Kansas City and New Orleans. But the
Trump team makes no mention of any verse lovely tourist destinations.

Speaker 2 (24:38):
See your frind of mate, Richard Arnold state side. A
couple of things out of America. AOL America on the line.
They're going to wind up this service after thirty years.
You know the little chirpy sound you used to get this.
Fewer than three hundred thousand people left in America now
with dial up, compare with three hundred million with broadband.
Thanks for the memories. Rip. That was the AOL co
founder Steve case yesterday. So as of the thirtieth of September,

(25:02):
that's over. And I tell you what else is almost over. Kodak.
There's a name, Eastman Kodak. They had an earnings report yesterday.
They don't have committed financing or available liquidity to pay
the half a billion dollar debt that's upcoming. So the
substantial quote unquote substantial doubt about the company's ability to

(25:22):
continue as a going concern. They're thinking they can conjure
up a bit of cash by as ceasing payments to
the Retirement pension plan incorporated in eighteen ninety two. The
routes actually go back to eighteen seventy nine when George
has An Eastman first took out a paytent for a
plate coating machine, and then in eighteen eighty eight he
sold the first Kodak camera for twenty five dollars. If
you ever want to see someone who didn't sort of
be evolved with the times, that would be them. And

(25:45):
it looks like it's probably coming to an end.

Speaker 1 (25:47):
Ten to seven, it's on Make Cosking Breakfast with Bailey's
Real Estate news Dogs.

Speaker 2 (25:53):
Ben I forgot to mention Antoni, EJ and Tony. He's
going to be the Bureau of Labor Statistics bloke, replacing
the woman he sacked the other day. He's from the
Heritage Foundation, which is conservative. He's also he was nominated,
among others, by Steve Bannon. He's a contributor to Project
twenty five. There is some talk that the monthly job
numbers in America will disappear. They don't need to have
the monthly especially when they're bad. Surely, Mike, people are

(26:16):
selling their houses this wit equal most of them becoming
buyers in the market. No Kim, you be surprised. We
put a offer in the house the other day and
we've had some experience in the last couple of months.
The number of people are so depressing. The number of
people leaving the country is just unreal. And so no,
they don't. It's not a person buying to sell, it's
a person buying to leave. Sorry to have to tell

(26:39):
you that. By the way, Sugio Perez is they claim
this morning been signed by Cadillac, this new F one
team that starts twenty twenty six. I don't know how
competitive they're going to be, how competitively. I mean, they've
got a huge backing obviously being Cadillac, but whether you're
competitive on day one or whether it's just desperate for
a job or wants to get back in, I don't
know what the entry point for him is. But nevertheless,
he's been signed. It will be revealed officially at the

(27:00):
Italian Grand Prix, which is the seventh of September, comes
after week after the Dutch Grand Prix, which is coming
up the first of September, so they're on the summer
break at the moment.

Speaker 13 (27:09):
Now.

Speaker 2 (27:09):
The problem with that is that Veltrii Botas, who was
the hot ticket for Cadillac may not be the hot
ticket anymore because the idea or the thinking behind it
was that you get somebody experienced. So if it's Perez,
it's not Botas, and therefore you get a young rookie.
So they're looking at people like Drugovich and a guy
called Jack Crawford and Colton Herter, and they maybe Botas

(27:30):
ends up at LP because Elpin are looking at Colopento
keeps driving his car into the wall. So it's all
to playful. So Sergey Perez looks like he's coming back
to F one and that looks like it will be
revealed in a couple of weeks time five to seven.

Speaker 1 (27:43):
All the ins and the outs, it's the fizz with
business tiber take your business productivity to the next level.

Speaker 2 (27:50):
Well t issue at the start of the show. Job
reports out of the UK it's actually not bad. Overall
vacancies are down, number of people on the payroll down,
so headline, you think that's not good. Job opening twelve
five point eight percent. There's seven hundred and eighteen thousand
jobs currently available to you in Britain. So this for
three months made to July, all industries have been affected
by the so called downturn. Now there is an upside.

(28:11):
The upside is it's not as bad as they thought
it would be. They thought it would be worse. All
the so called experts were predicting way worse didn't happen.
Average wage growth, now listen to this, This is the key.
Average wage growth remained at five percent, so that's well
above inflation. And I'm assuming the heavy unionization of the
British economy. But you can't have fewer jobs and more

(28:34):
pay because the people getting to pay a going fantastic,
but the people who can't get the job on gating
more jobs because you're not creating jobs when you're paying
people so much. Anyway, unemployment state at four point seven,
which is better than us. In fact, their wage growth
is better than us as well. Eight thousand came off
the payroll, so it's no one. I mean eight thousand
population of sixty six million people. So the job market

(28:55):
is calling very, very gradual. There are more than thirty
million people actually on a payroll, but the Bay and
sees they're at the lowest level since April of twenty
one outside the pandemic. The last time with that the
low was January of fifteen. So it's as always depends
how you read it. So I'm watching Parliament yesterday. Oh
they name dropped me in Parliament again. Yesterday Arena Williams, congratulations,

(29:16):
Labor MP congratulations. Ginny's question time was a disaster. So
I'm going to need to talk to her about that
because the week before she'd taken my advice and she
asked some good, sharp, short, sharp questions and she had
Bishop squirming. Yesterday she fell to pieces. But Arena Williams's
names dropped me, name drops me very effective. Bishop had

(29:36):
no comeback. So we'll do that. Where was I, David TEMI? Yeah, Chloe?
Are we sick and tired of Chloe? How sick? And
to hands up everybody if you're sick and tired of Chloe?
And so yesterday it came to a bit of a
head over Palestine. So we'll love talk to David Timore
about that. New rules around the America's Cup, Grant Dalton
on that, and Mark and the aforementioned Jinny with Us

(29:58):
for Politics Wednesday, after eight.

Speaker 1 (29:59):
Of the Only report you need to start your day
on my costing break, best with Bailey's real estate altogether,
better across residential, commercial and rural news. Togs Head been.

Speaker 2 (30:11):
Only seven past seven, so the police got themselves in
another not over Palestine. Yesterday's Warbrick reminded us all yet
again that composure and maturity aren't a forte. She got
booted from the house. Chris Hipkins tried to make it
political by suggesting act of vetoling the government's move to
declare statehood. Deputy Prime Minister David Seymour back with us,
good morning, Good morning mate. I was watching, as I
always do because I'm a tragic but I thought, you
point about the scarves is right? What are the rules

(30:33):
in Parliament around the scarfs? So she drapes a scarf
around the back of a seat, You raise it brownly,
goes good point. Suddenly she wraps it around her neck.
What's all that about?

Speaker 17 (30:41):
Well, the point is you're supposed to come to Parliament,
set aside all personal and private interest and debate the
ideas rather than the person. Our Parliament's evolved a whole
lot of rules over the years, actually over hundreds of years,
to make sure that you could actually have a debate
on the fact, rather than really a circus where people

(31:02):
get up and do Harker display banners. You know, you
can have that, but it just attracts from the actual
discussion of ideas that we're supposed to promote.

Speaker 2 (31:11):
Yeah, part of the problem with the Palestinian debate, and
I suppose it's been as old as time, but you
get people, unfortunately like Chloe, who lose the plot. And
that's the difficulty of the debate, doesn't You can't have
a debate because there'll be someone in the room like
her that goes nuts.

Speaker 17 (31:26):
Well, I thought yesterday, Chloe Swarbrick, we kind of reached peak. Chloe,
you had the moral supremacy, just like all extremists, the
idea that your cause is so right you don't have
to follow the rules. You can just assert it over
everybody else, even if it stops the institution functioning. And
I just make the point that, you know, how can

(31:47):
you call for an international rules based order when you
can't follow the basic rules in your own workplace. I mean,
she's been a member of Parliament for more than half
her life. As far as I can tell, she should
be able to on the issues, and if she can't,
she should be asking why am I not persuading people?

Speaker 2 (32:04):
No, should Jerry have back down. I mean he booted
her up for the week. Now, if she comes back
and says sorry, which I don't know whether she will
or not, she can come back today. Is that fair? Yeah?

Speaker 17 (32:13):
I mean that's usually been the way it works. I mean, obviously,
you know, you've got to say that the speaker's right,
and I support his decision, so I'm not going to
comment on whether he should or shouldn't. But basically, you know,
the point is to restore order in the house, so
if someone's willing to do that, then you should usually
allow them.

Speaker 2 (32:30):
Weird thing with Hipkins yesterday, who's claiming you're vetoing the
government recognizing the Palestinian state. Your claim is that harmas
need to be demilitarized. Does that indicate that Hipkins is
happy for her mask not to be demilitarized and therefore
you should get on with it? Is that what I'm
reading from what he said?

Speaker 17 (32:51):
Well, I mean, first of all, Chris Hipkins doesn't know
what's happening in cabinet. The people of New Zealand dejected
him from cabinet because frankly, he was a bit useful
and we're still paying off all the debty racked up
among other costs imposed on society. But you know what
is happening is the government has said we are going
to over the next few weeks come to a position

(33:11):
that takes into account all of the facts. It's not
as simple as just saying, look, yep, we want to
be friends with terrorists tomorrow. There have to be a
series of conditions. If his position is just reward terrorism
and make friends with Hamas, then that's yet another reason
to work out and win the election next year.

Speaker 2 (33:29):
Here's the weird thing for me as a person that
you political classes. I mean, what do you think is
going to change here? I mean what literallyg so you today?
There we go, we recognize the Palestinian state. What happens nothing.

Speaker 17 (33:42):
I'm sure that the people in the Middle East, the
thing they've really been waiting for for the last four
thousand years is for New Zealand to take a position.
I mean, come on, it is ultimately a question of
New Zealand being comfortable with itself rather than having a
material impact on what happens over there. Nonetheless, I think

(34:03):
it's important that our country actually does uphold good values,
and you don't do that by simply responding to emotion,
which I understand. I understand people are seeing this stuff
on Instagram, and they're seeing it on TikTok and on
the six o'clock news every night.

Speaker 2 (34:18):
I get it.

Speaker 17 (34:20):
But the issue is not to be the most sort
of virtue signaling person to demonstrate your own moral supremacy
by saying that you have a spine. What Chloe really
needs to see as a brain so that we can
come to a solution that is workable and that respects
the rights and values of all the people involved, including

(34:42):
of course a democratic country that has been under attack
and continues to have its citizens held as hostages. Those
facts matter too, and I think if you're prepared to
have a proper discussion, you can get to that. But
yesterday we saw people who, as you hinted before, arectually
sabotaging the ability to do it through their own moral rightelessness.

Speaker 2 (35:03):
Yeah, appreciate it all right, David Seymour. By the way,
Chloe has nothing to add. Mike standing in the middle
of my farm, both hands up? Can I put them down?

Speaker 13 (35:10):
Now?

Speaker 2 (35:10):
Please?

Speaker 15 (35:11):
Yes?

Speaker 10 (35:11):
Yes?

Speaker 2 (35:11):
Yes, sick of Chloe might read Chloe, both hands upset down?
Put my feet up as well. It was really more
of rhetorical question twelve, but thank you anyway, twelve minutes
past seven's more insight into the economy you darted from.
My ID shows twenty percent of businesses operating at a loss.
This is in twenty twenty three. One hundred and seven
thousand of them came out of the four hundred and
seventy five thousand companies we have. By last year, similar trend,

(35:32):
another one hundred and seven thousand companies still reporting losses,
more than forty percent of those businesses. By the way,
in accommodation and food, Chris Small, CEO at ABC Business Sales,
is back. Well this Chris, very good morning to you.

Speaker 8 (35:43):
Okay, Mike Key, you doing very well.

Speaker 2 (35:44):
Indeed, how many businesses run at a loss, will always
run at a loss, are a bit useless and that's
just life.

Speaker 8 (35:50):
Yeah, great point. So within those numbers, it is actually
a high proportion they actually have no staff, and they
actually include things like trusts and property owning companies. So
i'd say you're reject to what there's a fair proportion
there as you look at previous years, ninety nine thousand
that are actually structured in a certain way which will
always for tax efficiency reasons show a loss. So I

(36:10):
think you spot on there is there.

Speaker 2 (36:11):
Are variation in sectors. I mean I highlighted accommodation of food.
Will some always struggle because of the number of people
in that sector.

Speaker 8 (36:21):
Not necessarily, I mean it's at the moment you exect
to write retail, accommodation, and hospitality, which all have a
reliant on customer demand or consition of spending. As we
all know where in a cost of living crisis, so
consumers are spending less. So in particular, those are your
sectors again hit the hardest. But no, there's no reason
why those sectors can't make money. Well, I would say

(36:42):
is certain sectors have tax efficiency structures, so when they
come and see us, for example, it's often that sersion
sectors are showing a loss from a text perspective, but
when you beck out certain private costs or other costs
that are in there, they actually are showing a profit.
So there's a few complexities within.

Speaker 2 (36:58):
Those those losing money. How does that dovetail into sales
and demand for sales of businesses?

Speaker 8 (37:05):
Yeah, good, good question. So I did a bit of
analysis before before came on. So at the moment, still
ninety percent of people who who are coming to see
us are making a profit so ap. Probably one in
ten are showing a paper loss is the sort of
ratio we're seeing it the way, which which is a
good sign. So we've still got we're seeing ninety percent
of small and medium sized enterprises than is YNE are

(37:25):
still making a profit when they come and see us
and want to put their business on the market.

Speaker 2 (37:29):
Good good insight. As always, Chris appreciated ABC Business Sales
whist speaking which roughly round about I told you it
would happen to am Z yesterday on the mortgage rates,
BE and Z today they'll all follow suit what I do.
Note interestingly with BNZ this morning, they're down on the
three year fixed. They've gone below five percent. It's only
ten bases points down, but that psychological below five percent,

(37:49):
say three the two years, four eight nine, eighteen, four
seven nine, they're all much of a much. Don't tell
Nicola because she'll accuse them of having no competition. Fifteen
past seven.

Speaker 1 (38:01):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (38:06):
At be Grant Dalton on these new cuveralls. Shortly seventeen
past seven, So back to the gas crisis. We got
to hint to this on the show yesterday as the
calls growth for the government to do something to help
business tackle the price and lack of gas. So the
Green Building Council entered yesterday. They argue heat pumps might help.
There are potential savings for the country, they claim of
one and a half billion. Andrew Eagles is the CEO

(38:27):
of the Green Building councilors with us Andrew Morning Morning.
So part of you thinking is banning new connections and
phasing out. Do you do that on a climate argument
or do you because I just worry about the riskers.
If we discovered more gas, we'd solve our problem, and
we don't know that isn't going to happen. Therefore, by
banning new connections, you might be biting yourself for the
future years.

Speaker 3 (38:47):
Yeah, I can see that. I guess what we're seeing
is a hollowing out of New Zealand industry in jobs.
So at two hundred and thirty jobs, the biggest employer
we're a pay who one thousand staff Winstance at Winston
Polp scaling down, and then great businesses like fertilizer provider
in my great region of Taranaki at Kipuni, scaling about

(39:11):
one hundred and sixteen people. So people are leaving job losses,
hollowing out communities because they just can't afford the gas.
And what we've got is an opportunity to potentially free
that up from a sector that doesn't actually need it,
so where we can move into electrifying homes and buildings,

(39:31):
you know, we can free that up for industry so
they have more certainty and more availability. And it's pretty sizable.
So if nothing changes, it's unlikely that we find something
in the next five years. Right, the average time ten
to sixteen years to find and then bring it on
for production. So if we look at that, like twenty

(39:52):
thirty twenty six percent of all the gas we're using
homes and buildings, and then by twenty thirty five it's
fifty percent. So our six is just saying, look, it's
actually healthier, it's lower cost, and it's more efficient if
we don't use that, and that makes it available for industry,

(40:13):
keeping our jobs and government income receipts from text and
keeping our communities alive.

Speaker 13 (40:22):
Right, we want to keep.

Speaker 3 (40:23):
Those jobs, and we want to keep the exports in
New Zealand. So that's an opportunity. I just putting your
hand up and saying we can contribute.

Speaker 2 (40:29):
All right, good on you Andrew appreciate it. We'll get
you back on another time for a longer discussion about this,
because of course the argument is that heat pump is
a cost, and running a heat pump is another cost.
And of course then you get to the business and
do we have enough electricity on a cold winter's morning
to actually run them at all? Let me I need
to get back to Palestine in a moment though.

Speaker 1 (40:45):
Seven the Mike Asking Breakfast Full Show podcast on iHeartRadio
powered by News Talks.

Speaker 18 (40:53):
It'd be.

Speaker 2 (40:56):
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(41:39):
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to do seem more or mom ago Chris Hipkins seven
twenty three. By the way, Chris Hipkins came on, well
became undone. I thought yesterday two times and you would
hope given this literally no pressure on him right now,

(42:00):
and basically he gets to spend his days begging the government.
He might want to sharpen up a bit, given next
year is going to be a whole different kettle of
fish so mistake number one. He attempted to gain points
on Palestine by suggesting David Seymour was holding the government
to some sort of ransom and if it wasn't for
the veto, they would have declared support for statehood by now.
Now what Seymour said was ha Mass would need to
be demilitarized. Now, apart from the fact that's not radical

(42:24):
or new or an already widely held view by many
who want to recognize Palestine, what is it hipkins are
saying he doesn't mind he Mass or Hamas being a
terror group? Would he be happy with the two state
solution with Hamas at the control panel? If he does,
no problem? Say so, bet you we won't. Though, Mistake
number two, for reasons best known to himself, he got
trapped into a discussion about his tax policy. What tax

(42:45):
policy you're asking exactly, But he somehow managed to suggest
that even though there isn't a tax policy, what there
is is broad agreement around a wealth tax and a
capital gainst tax. And then the bullet in the foot
he couldn't rule in or route the possibility that the
family home was part of that tax capture. Now tip

(43:06):
one drop the Middle East no voters moved in this
country on a place that has been at a disasters own
for decades. And the more you look like you tolerate terrorists,
the more you put Middle New Zealand off you. Then
mistake number two. If you're stupid enough to even hint
that a family home could be part of a new tax,
give up right now because you toast. As history shows,
a CGT with a family home exempt has been trialed

(43:28):
and rejected multiple times by his own party. Irony of ironies,
it was Hopkins himself, with the Captain's call that dropped
it last time. So not only is he clearly not
committed or convinced, he seemingly may have been hijacked by
some left leaning radicals inside his own camp to get
the family home involved. So a party that can tolerate
him us and tax your family home, what could possibly

(43:51):
go wrong? Paskingccurning Mike as a previous supporter of the Greens,
I can tell you the dismay I'm feeling regarding this
new incarnation of the Greens. Yes, I support the Palestinians,
but I also support trun feed my family and look
after the environment, two things you simply don't hear them
talk about anymore. It's not a bad point, loot. They
are very exercised and energized about issues that really, on
a daily basis, have no great impact on most New Zealanders. Mike,

(44:14):
can you pass on to David Seymour that a huge
amount of New Zealanders are feeling the shame his government
can't join all those other countries recognizing gaza And by
the way, Gaza is not spelt garza. But when you
say the shame, the shame of what, what is it?
You want? What is it? What's the point? Are you

(44:35):
literally just wanting us to join a queue of people
who have done the same thing. So you like tokenism,
you're a fan of tokenism. I mean, declare it if
you want. I couldn't kill I honestly couldn't care less.
I mean this has been going on literally for decades,
or if you want to broaden the discussion out for hundreds,
if not thousands of years. Nothing essentially has changed and

(44:57):
New Zealand's standing there going. We recognize pell Steiner's estate
will make not one jot of difference to anything. Therefore,
in a country with a vast wealth of really important
issues to deal with why do we keep getting angsty
and exercising about it? I have no idea neurals for
the America's Cup. Grant Dalton shortly got a thing that
is a thing. It's a world first in an area

(45:19):
you thought, Nah, we've already got those wine callers. I'm
talking about. Got a wine caller that is I think
actually quite cool. So that's before rape.

Speaker 1 (45:30):
New Zealand's voice of reason is Mike the mic Hosking
Breakfast with Vita, Retirement Communities, Life, Your Way News, togs
Head been twenty three.

Speaker 2 (45:40):
To a like big rule changes of course coming to
the next America's Cup in twenty seven and Napoli. One
female will be part of the crew. Batteries will replace
Manuel p. We've got a cost cap of one hundred
and forty seven million. Also, the two non nationals will
be allowed to sail on board. That's the Burling rule,
of course. Grant dot As Team New Zealand, Stith Executive
with us your Morning Morning Maker and so on a

(46:02):
scale of one to ten, ten you're delirious. How happy
are you with this?

Speaker 13 (46:07):
Seven and a half. It's been a pretty tough deal.
It's been a pretty torrid six months getting this across
the line. But I guess anything that's worth doing not
necessarily easy.

Speaker 2 (46:19):
Was a gun held your head? Did they want all
of these changes and they were insistent on it.

Speaker 13 (46:24):
There was a split on that. There was sort of
one side that was trying to use the gun tactic,
which is one of the reasons it took so long
because that doesn't work. Negotiating with a gun doesn't work.
Then there was the other sort of side of challenges
that were completely on board with everything that we were
trying to achieve. So really, in some ways they had
to marginalize the gun holders before you could make progress,

(46:47):
and really the progress only moved at pace in the
last month. But there was a lot to negotiate, a
lot of change, and people are focusing on sort of
the things that are obvious and good too, like you
women on the boat. But the big change, the seismic move,
is that the America's Cup will move from this boom

(47:08):
bus cycle into a more even cycle where it can
be planned. We can start planning for twenty nine now, right.

Speaker 2 (47:16):
So it just strikes me there's a lot of change here.
Has the stuff been bubbling and all kind of came
to a head. Hence it appears slightly more dramatic than
it has previously.

Speaker 13 (47:27):
No, no, this is more dramatic than it has been previously.
And the agreement that we made signed yesterday to move
the America's Cup from a defended, totally dominated environment which
has been for one hundred and seventy four years work
quite nicely to a more even partnership is that's a

(47:48):
big deal. And you know, as the three times winners
of the Cup and the Royal New Jian yacht Squadron
is a trustee, You've got to decide whether in fifty
years time people are going to think that you know,
you're the ones that screwed it up, or whether it's
a good idea.

Speaker 2 (48:02):
One forty seven million does that limit you in a
way that you might regret.

Speaker 13 (48:08):
It's a very funny thing, this budget cap. I always
have a bit of a giggle when they talk about
seventy five million euros. I'd love to be able to
spend seventy five million euros. So any cost cap is
an absolute advantage to Team New Zealand because we couldn't
spend that if we tried, well, probably I'm sure we
could if we tried, so cost caps are very much
something that we've been in favor of to knock out.

(48:30):
That's sort one hundred and fifty million euro budgets that
some of these teams spend because we just have always
been at least half of anybody else.

Speaker 2 (48:39):
So this is an advantage to us females with a
view to what what's the point? It's not a bad idea,
but what's the point?

Speaker 13 (48:46):
Well, I've been meanwhil diversity inclusion is a point all
on its own, So I don't think there's anybody on
the planet. I think that's a bad idea. I've always
been a bit and honestly, the challenge of record was
the same. We couldn't decide whether we should mandate or not,
because there's a whole argument of females on the boat
would feel more as though they should be there if

(49:09):
they could earn their place, But we didn't really have
a mechanism to get necessarily from the Woman's America's cup
directly to the boat without the mandate, and so in
balance we decided it was the right thing to do.
But the point simply is the world is moving and
it's good. It's good for marketing as well that we

(49:30):
need to move with the times.

Speaker 2 (49:33):
Most importantly, for a person like media follows this, does
it help entries? I mean, does the event get more
people involved? Therefore it becomes more exciting.

Speaker 13 (49:43):
The America's Cup, to me, has never been about twinky entries.
It's not that game. I mean, it's a technology race
which is hard to win and that hasn't changed. It's
not suddenly about to be very easy to win. The
best team will sort of win, but it should promote
more entries. It does do is to drive value into
the teams in the way that a franchise will grow

(50:04):
use formula one. I mean, the value and the increase
in those teams has been dramatic. So I think ultimately
that's one of its massive advantages of making it. You
can see what you're getting. You don't know that in
two years time it's all going to change. Leonarso got one,
the next one and it would have changed. No one
might have changed. So I think with driving value, it

(50:24):
helps investment. Investment helps more entries.

Speaker 2 (50:27):
And what about tech and design? By the time we
get to Naples and twenty seven, is it radically different
or are we at such a cutting edge it's money?

Speaker 13 (50:36):
No, it won't be radically different, but for sure it
will be different. I mean it just never stops. And
our guys, you know, we've got twenty five guys just
flatstick working on tech now and that's a big difference
with the Cup in any other part of the sport.
That this is the technology race and you never want
to lose that. That's one of the intrigues. That's what
people like. It fascinates people that the cutting edge and

(50:58):
the development and we are the you're the test bed
of the future, and that as a part of the
Cup that I would never have changed.

Speaker 2 (51:04):
All Right, I'm good to catch up Grant Dalton, the
head of Team New Zealand. Of course, new news from
Willow Gene Prime from the Willa. We think we're probably
going to have to open a Willow Gene Prime file.

Speaker 21 (51:17):
Can we call it prime Time?

Speaker 2 (51:19):
Very good Glynn More shortly eighteen to two.

Speaker 1 (51:22):
The Vike Hosking Breakfast Full Show podcast on iHeartRadio now
ad by the News Talks, it'd be.

Speaker 2 (51:30):
You've beaten Glenn. Sorry, the subprime vortex that wins so
not time. Little tracometer, by the way, Ain's Instra cometer.
I love the Trochometer he heavy traffic movements. That's measuring
current activity. It's up one point eight percent for July.
Good good, good, up two point eight percent on last year.
Excellent light traffic, which is sort of looking six months ahead.

(51:53):
That's up one point four percent in July, zero point
nine percent on last year. Both up and will take
both measures right. It is time for a time. So
the new one from Willow Jane is she claimed that
fight clubs and significant meth use was going on in
youth justice facilities. Big claim from Willow Gene crime fight

(52:17):
clubs and significant meth use in youth justice facilities. Karen Chhaw,
Minister in charge, is asked for more information. However, none
of it can be substantiated by Orangatamariki officials the Children's Commission,
who independently monitor the facilities, are also unaware of meth

(52:41):
in the residences and hadn't heard of fight clubs at
all since twenty twenty three, which of course was when
Labor were in charge. So maybe when they were in
charge there were some fight clubs and some meth use. Anyway,
so Karen Shaw says, we'll give us the deats. Willow
Gene hope. She did an email her because that's going
to take a long time. She's give me the deeps,

(53:01):
Willow Jene, but prime she's been unable to provide anything
other than saying her concerns were based on information from
a credible source.

Speaker 21 (53:15):
With the Fight Club reference. Is this just a case
of Willow Jane being the credible source and she's gone
off to ask herself just much the same way that
Edward Norton was talking to himself the whole time in
Fight Club.

Speaker 2 (53:32):
At what point does Chris Hapkin start shaking his head
or put his head in his hands and going no, no, no,
no no.

Speaker 1 (53:38):
Now.

Speaker 2 (53:38):
Funnily enough, yesterday Willow Jean, who's normally fronted up for
some questions in question time, Wasn't there no questions from
Willow Jane yesterday? So I wonder if she's been benched
because she's become a little bit embarrassing. Can I just
say the best story of yesterday was for me anyway?
And I don't know whether it's just because I'm from
christ Church, but the resurrection of Noah's Noah's Hotel is

(54:00):
just it is. It's as integral part of christ Church
is Cathedral Square. In fact, it's down the road from
Cathedral Square. But if there's one building that needed doing,
apart from obviously the cathedral, it was the shell of
a building that was once knows Noah's was the hotel
in christ Church. It was where all the Flash people stayed.
It was the Flash hotel in christ Church back in

(54:21):
the days when you're growing up in christ Church. That
would be where if you had any money, you would
go and stay at Noah's Hotel. Anyway, badly damaged Cambridge
Terraces a beautiful part of christ Church. If you're on
one of those top floors, you could look out and
get it just the most glorious view. And so the
announcement yesterday is it's going to be a five star
Sheraton one hundred and fifty million dollars rebuild. Is there
anything that's negative going on in christ Church at the moment?

(54:43):
Is it all just continual sort of an avalanche of
good news. So the Marriott who are Sheratan, they're going
to develop it and it's going to be opened by
twenty twenty seven, which is quite something I would have thought,
if not a miracle, the way we build things in
this country. Anyway, tw hundred forty rooms or suit's got
a restaurant, got a rooftop bar, got a bent spaces,
got a gym. It's got it all going on. And
I've got to say that christ Church spending a bit

(55:04):
of time there, it's short of decent hotels. We stay
at the George, which is a lovely hotel. It's an
old hotel that's right across the road from the park.
That's a good hotel to stay at. We've tried the Mayfair.
Disappointed in the Mayfair. A new hotel, nice cafe, a
lot of people go there for coffee in the morning.
But we bought a flash room at the Mayfair and
it overlooked some dumpsters and I thought, that's not what
you get for a flash room. I'm not looking at

(55:25):
a car park of dumpsters, for goodness sake. And we
tried the Observatory last time. The Observatory is downtown as well.
Nice architecture, but the classic problem of a hotel that's
been wedged into a heritage building, because you can't touch
the heritage building. So we ended up in the top room.
Because that's the sort of person I am. I said,
get us, Katie Boss, so get us the top room

(55:46):
and I won't tell you what we paid because it's embarrassing. Anyway,
we got a top room, which was at the top anyway,
turns out guess what. Guess what you get in the
top room of the Observatory Hotel in christ Church. No windows,
no windows, You cannot see out of your room. It's
like a prison cell. But it did have skylights, which
was no good because when we arrived it was duck

(56:08):
and it was cloudy, and it was a cloudy.

Speaker 21 (56:10):
Night, like an inside cabin on a cruise ship.

Speaker 2 (56:11):
It was very much like an inside cavin on a
cruise ship. So anyway, christ you to need Noah's back.
So I'm excited about that.

Speaker 1 (56:18):
Turn away from it, The Mike Hoski Breakfast with a
Vita Retirement Communities News Togsdad bes.

Speaker 2 (56:25):
Shiven away from a success story out of Taranaki startup
Husky has hit multimillion dollar profits with their world first
wine cooler tech. So it's an ice free coller keeps
the champagne coll for up to six hours. They've just
secured the largest commercial export order to the UK for
seventy six thousand units now. Simon hiss A is the
co founder of Husky and he's well the simon, very
good morning to you.

Speaker 22 (56:46):
Good morning, thanks mate.

Speaker 2 (56:47):
Well done blah. But I've had a look this morning.
It's a good looking thing. What I like most of
all no condensation, because you think the moment you get
cold and condensation all over the table does not. Is
it magic or what is it?

Speaker 22 (57:01):
The technology has actually been around over one hundred years.
It works in the same way that like a thermos
strink bottle works, but nobody has just turned it around
and kind of used it for wine. With the right
kind of design, you can put it on and because
it keeps the keeps all the cold inside of the
great job of inti lating, you don't get it cold
on the outside, so you don't.

Speaker 2 (57:18):
Get it cold. It's got the bottle's got a start cold,
so the thermic idea the bottle must start cold and
it will hold its coldness. Is that right?

Speaker 13 (57:26):
It's it.

Speaker 22 (57:27):
So you pull the cold bottle from We wanted it
to be super simple. So you pull the cold bottle
from the fridge, You grab the husky off the shelf,
which is root temperature. You put the bottle in the husky,
You screw on the lid and it doesn't matter what
size bottle it is, if it's an Alstairs or a
Burgundy or a Bordeaux style bottle, you screw on the
lid and that's it. That's all you have to do.
Then you pop it on the table, you pull your
glass of wine with your friends, you notice that their

(57:49):
glasses of wine are you know, are half full or empty,
and you unscrew the lid and you top it up.
You don't have to kind of go back and forward
to the fridge, or you don't have to deal with
a nice bucket and condensation.

Speaker 2 (57:57):
So you don't have to cool it in the first place.
Lots of patents around this or no.

Speaker 23 (58:03):
Not really, because the base technology has been around for
so long, all of those ones have run out, and
then our using it for wine was relatively new, so
there wasn't anything that kind of existed in that space.

Speaker 22 (58:17):
And then we revolved the product. The Wine Caller was
the first one, and then the Champagne Caller, which one
the Red Dot Design Award has the integrated bottle stop
in the bottom because you've got bubbles with sparkling wine.
There's another innovation on it, which so we were able
to want to do a pattern.

Speaker 2 (58:33):
On that whause they are quite style of shaann't they.
I mean that's as important as anything I think, isn't it.

Speaker 22 (58:39):
I think it's critical. Like when we were designing it,
especially for wine, there's rituals and romance and everything around that,
and we were conscious that we're going to build a
product or create a product for this. It's going to
sit in somebody's table. It has to look really good,
it has to perform really well. So yeah, that was
that was super important for us. It had to match
the kind of environment.

Speaker 2 (58:56):
Seventy six thousand units, so you've got that many units.
There's a lot of units.

Speaker 22 (59:00):
It was more than we'd produced in the entire year proceeding,
so it was it was a big work for us.
But yeah, we were confident we could make it happen.
We've got really good production partners and were landing on
the shores in the UK at the moment. And I
can't take it up for because they'll be under Christmas trees.

Speaker 2 (59:16):
I think somewhere. Well, well, I love a good success
story and well done. Congratulations on that salmon. Who's a
husky is the name of the company, and he seems
to it's so just to explain, just so you're not
it's not in the fridge. It's yes, Husky's wine call
has been around for years, but you've got to cool
them down first so they stay cool to keep the
wine call. This isn't cool. I know because I've got
a thermi size baughter thermis when my hot water tap

(59:38):
and this my thermist will keep the bottle cool as well,
except because it's got a little hole at won't keep
put a bottle in, so it just keeps liquid. And
so that's just.

Speaker 21 (59:47):
A keep me having to pour your wine in there
with a funnel, haven't you precisely?

Speaker 2 (59:51):
No one's caught me yet when everyone thinks it's water
news for you in a couple of moments. Then as
Politics Wednesday, Mark Mitchell and Jinny Anders.

Speaker 1 (01:00:04):
Mike Hosking insightful, engaging and vital the my casking Breakfast
with Range Rover leading by example, News togsadv.

Speaker 2 (01:00:15):
You make the.

Speaker 1 (01:00:16):
Lobby card six here.

Speaker 6 (01:00:20):
How you look.

Speaker 2 (01:00:21):
So I'm just trying to work out who this sounds like,
because the woman who it is I've never heard of.
So I try to good boy Molly Tuttle, which is
a cool name, isn't it? What do you like to
call Molly Tuttle? I mean not if you're a boy, obviously,
but if you're a Molly Tuttle. So long little Miss

(01:00:43):
Sunshine as the name of the album, it's out this Friday.
Before her headline Saturday Night, said at the four day
Green Mountain Bluegrass and Roots Festival in Manchester Center, I
don't know where that is. I know what country it's in.

Speaker 21 (01:00:58):
General, Well that's Manche, I'd say often Nancy to Win,
it be Manchester, Boston. I'm just gissing, okay.

Speaker 2 (01:01:09):
Fifth full length album follows two records with her Quintech
Golden Highway. She's California born, aren't they all? But Nashville based,
aren't they all? Anyway? We get to the promotion you
really need, which is on the twelve tracks forty six
minutes of Molly Tupple. It is aimed a fast day

(01:01:30):
time for politics Wednesday, and Ginny Anders is with us,
very good morning to you, good morning, and Mirk Mitchell's
with us from Mark A very good morning.

Speaker 5 (01:01:37):
To you, morning morning, Mike, Molly.

Speaker 2 (01:01:39):
Now, Ginny, what happened yesterday?

Speaker 15 (01:01:46):
I got up tea and coffee. The stretchers, my stretchers,
just for the record, yoga yoga.

Speaker 2 (01:01:54):
Okay, just for the record, Just for the record, no
money has ever exchanged hands. So my advice to you
is free and it's it's and I'm agnostic on parties
on the so I'm happy to help anybody. But if
I am going to help you, Ginny, you've got to
follow my advice. And I just I didn't like what
I saw yesterday and fair enough, and things went awry,

(01:02:17):
didn't they?

Speaker 15 (01:02:18):
Well, I thought, you know, there was there were some
good moments in there. There were some highlights for me.
I'm not speaking for both of us clearly, but there
are a few high high points for me.

Speaker 5 (01:02:28):
I agree with you, Mike, she completely departed from your advice.
Bush was on fire and completely totally Question Time go
back and watch.

Speaker 15 (01:02:37):
He got pretty angry again if that was the fire,
he got pretty florry.

Speaker 3 (01:02:40):
Well angry.

Speaker 2 (01:02:42):
Let me show you how it's done. Listen, listen, listen
to what I regard as the highlight of Question Time
yesterday when.

Speaker 16 (01:02:48):
The Minister listened to Mike Costking who said that nickol
Willis's super Marc announcement was quote get another diatribe about
what needs to be done, What could be done and
what might be done? Quote a speech have hopeless contradictions
and quote for a government with an image of more
talk than action. She didn't do anything to help that reputation.

Speaker 2 (01:03:07):
Now what did Bishop do apart from go red in
the face and he had nowhere to go?

Speaker 15 (01:03:11):
Did he?

Speaker 2 (01:03:11):
Ginny?

Speaker 15 (01:03:12):
Well, I think you just need to criticize the government
more and then we'll get some great quotes to be
able to use again question time. It's a win one situation.

Speaker 5 (01:03:19):
What I like, the only stick they've got to lean
on an opposition, as you like when they when they
when they failed to take the advice that you're helpfully
giving them, they have a complete disaster in the house.

Speaker 2 (01:03:30):
I don't know what to do because what I liked
about it actually, and you can pass this on. I
don't know Rena from a bar of soap, but please
pass it on her delivery, because when Brooke quoted me
a couple of weeks ago, she butchered it, whereas Arena
just delivered it beautifully.

Speaker 15 (01:03:45):
And can you as good in the house. Yeah, I'll
pass it on. I'll pass it on. She's probably already listening,
but I'll make sure she hears by passing it on
when I see it.

Speaker 2 (01:03:53):
No, that was high quality stuff. Do we want to
talk about Palestine because I'm so over and I just
don't know Mark from your side of the equation, and
don't tell me what happened. But I mean, so you
declear Palestina state for what.

Speaker 5 (01:04:12):
So basically that is I'm not going to comment on that.
That is a decision for the foreignerists and the Prime
ministers to work through, and they've been thoughtful about how
they do that. Our primary concern at the moment is
getting aid into Gaza to make sure that people are
actually getting the basics that they need. It's obviously a
tragedy on every level. But the work that I've been
doing is ethnic Communities Minister is quite simply putting a

(01:04:34):
piece of cord together that we signed at Government House
two weeks ago with our Muslim and Jewish leaders to
make sure that the conflict that we currently set whatness
scene around the world, not just Israel and Gaza, but
the global conflict doesn't wash up on our shores here
in New Zealand.

Speaker 2 (01:04:50):
No, well it hasn't so far, see Jinny. I mean,
as altruistic as it may seem, what's the point of
doing stuff that makes no difference.

Speaker 15 (01:05:00):
Well, how do we know that? I mean we know that.

Speaker 2 (01:05:02):
Because one hundred and fifty countries have already done it.

Speaker 15 (01:05:05):
Well that the important point, I believe is that we
need to take united stand against what we're seeing, which
is children dying from starvation.

Speaker 2 (01:05:15):
I think that's separate to declaring statehood.

Speaker 15 (01:05:18):
Yes, but if it can go some way to try
and stop there.

Speaker 2 (01:05:21):
But it doesn't destruction of life.

Speaker 15 (01:05:23):
But well, if there's a hope there, I think there's
worth while trying to instead of just standing back and living.

Speaker 8 (01:05:28):
The point is.

Speaker 5 (01:05:31):
Hamas, and you don't want to don't to want to
address Hamas for some reason, who are a terrorist group,
who are responsible for the awful tech on Israel on
seventh October and the atrocities that occurred there that sparked
this conflict. And also they've got a whole heap of
hostages that haven't been released and returned yet, so that
issue has to be dealt with as well. I agree

(01:05:52):
with you. The humanitarian disaster up you is awful. The
international community should be doing everything we do can do
to get aid into there. We all know that it
needs a two state solution that quite simply is going
to be put together by the leadership of the Palestine,
the Palestinian people and the Israeli people. Well, in the

(01:06:14):
long term years, those are the only two.

Speaker 15 (01:06:16):
I mean, that's the point, isn't it. Mark That Yes,
I completely agree with you that we need a two
state solution, but what we're seeing over there right now
isn't looking like.

Speaker 2 (01:06:24):
That is national and so we need more.

Speaker 15 (01:06:28):
And that is the point of standing together united as
it puts as much pressure as possible for a two
state solution to occur.

Speaker 2 (01:06:35):
All right, we all want to.

Speaker 5 (01:06:36):
Make a state solution. But I'm just all I'm saying, like,
is this Having lived up there for twelve years, some
of my closest friends are Arabs. I lived in the
Middle East for twelve years. I've got a pretty good
feeling about what's going on, about what the locals think
about it. And that is quite simply that, yes, everyone
wants a two state solution. No one can see a
peaceful outcome for the Middle East until there is a
two state solution. But the two groups that are going

(01:06:57):
to drive that is a responsible Palestinian voted in by
the Pillaston's responsible.

Speaker 2 (01:07:04):
Yeah, but that's the problem though. Every time they vote,
they vote for our mass. Let's not dig ourselves a
big enough whole. Do you want to talk about Willow Jean?
Right after the break, Jinny, why not cool? It's fourteen
past eight.

Speaker 1 (01:07:17):
The Mike Hosking Breakfast Full Show podcast on iHeart Radio
powered by News Talks.

Speaker 2 (01:07:22):
It be News Talks, will be sixteen past. Jenny Anderson,
Mark Mitchell, Weather's just for just a programming note, Jenny,
are you under the weather?

Speaker 15 (01:07:30):
I am a little bit yes.

Speaker 2 (01:07:32):
Is there something going around? Because as listened to Bishop
yesterday in the house, he sounded under the weather as well.
Is there is there a bug all over the place?

Speaker 5 (01:07:39):
It flew some sort of flu going around.

Speaker 15 (01:07:41):
At the moment, we had like a sort of a
three week sitting session and then a recess where we
all went a lot to play for our for outside anyway.
I went from Auckland to Queens Sound to christ Church
and Becky Game and then you're back into a sitting session.
So I think at times like that, where you just
keep going and it's winter, you just get exposed to
thinking about run.

Speaker 2 (01:08:00):
Okay, would that be Willow Jene Prime's excuse for not
answering the email.

Speaker 15 (01:08:06):
Well, I think we've covered that one well and good
that she stated that she could have communicated better in
that space.

Speaker 2 (01:08:13):
And so what do you like her? She seems lazy,
not to put too fine a point on it, I like.

Speaker 15 (01:08:20):
You very much and know she's definitely not. She works
incredibly hard and she's been working really well in that
education portfolio. Take a good look at the areas well
to really understand why are we taking six weeks to
consult on a major overhaul.

Speaker 2 (01:08:35):
But the weird thing was too she was out there
talking to a sector and she said, I'm talking with
the sector. I'm talking with the sector, and what the
sector is telling me is there's too much secrecy going on.
So surely at that point you'd go, well, I'll tell
you what sector. I'm going to go talk to my
friend Erica. Who's gonna who's invited me to tell me
all about it, wouldn't you instead of saying that secret.

Speaker 15 (01:08:56):
I hear what you're saying. But let me be very clear,
she is working incredibly hard to understand what those changes
mean for children. Any appearance and the fact that they're
chucking stuff and like AI is going to check it
without anyone knowing what that means. It's right that she
gets stuck in and asks those questions, and part of
that work is to eric.

Speaker 5 (01:09:14):
Erica invited her months ago to engage, not once.

Speaker 2 (01:09:19):
I almost feel sorry for you, Jenny. I mean, it's
indefensible and you can't defend her, and I've done a
way you'd bother about having said that. Well, what about
her claims about the meth use and the fight clubs?
That turns out again true.

Speaker 5 (01:09:31):
I mean again those are the who's.

Speaker 2 (01:09:35):
Well, both of you, anyone who wants to those clubs
and the myth.

Speaker 5 (01:09:39):
Well, well, the problem with that is they are extremely
serious allegations. So she doesn't seem to be able to
back it up, and everyone's going, what are you talking about? Well, yeah,
which which you know she won't come forward with. So yeah, no,
it looks like that's a whole lot of rubbish. It's
it's really serious allegations. The Minister, of course, will have
a look at that, but the reflect of the matter

(01:09:59):
is he hasn't even been able to substantiate.

Speaker 24 (01:10:01):
Do you know who hot source is, Jinny, I do
not have that information, but it does point to the
fact that there have been really serious concerns raised around
those bookkeemps that eighty percent reoffending goes to the point
that they don't work, and there have been some really
questionable issues in the past.

Speaker 15 (01:10:19):
I think it's only right that we ask that they're
being run appropriately. Now give it. Can I finish place?

Speaker 2 (01:10:24):
You can't ask with false allegations though it's not that
sort of suggesting something it isn't happening.

Speaker 15 (01:10:29):
Well, there's no evidence that they're false allegations. The Minister
has taken a look and we're interested to know if
anything more comes to light. If it's not, that's a
good thing. It means that they're safe.

Speaker 5 (01:10:39):
Well, they are false allegations. If you can't cooperate them,
you can't come forward with serious allegations. Lot there that
put sustained across all of those people that are working
hard in those youth justice facilities and say, oh, we
can just come out with allegations.

Speaker 2 (01:10:52):
I actually thought Ginny to be fair, the two who
didn't reoffend, I know, eighties high, but I mean these
were the worst of the worst. The two who didn't
real I thought was sort of nothing, sort of a miracle.

Speaker 15 (01:11:03):
Well, it's nothing we're compared to nothing. It's nothing compared
to what the results we were seeing from the Fast
Track program which runs in South Auckland, which is around
eighty percent not reoffending that program. That program is still
in place because this government knows it works, and it
was the one single factor that I believe drove ound
rate offending so very quickly.

Speaker 5 (01:11:25):
On this, I agree with you that the whole purpose
of the Youth Military Academy is they fail and fast
Tracked they fail everywhere and they go into the adult
youth justice system. These are the worst youth offenders, the
serious violent recidivius defenders. You need to have a strong intervention.
That's exactly what the academy is set up for. And
I agree with you it has been very successful because

(01:11:45):
although it hasn't turned off the tap and they've stopped
offending overnight, that's not going to happen. They're all older
kids that have been offending for a long time. The
seriousness of the offending is reducing the the and the
amount of offending is also reducing. So this is hitting
in the right direction, not going to stop it.

Speaker 2 (01:12:00):
Wimitted to it.

Speaker 15 (01:12:02):
Evidence said that they wouldn't work, and the results show
that they haven't worked. I mean, how much did that cost?

Speaker 20 (01:12:09):
Mike?

Speaker 2 (01:12:10):
That was the cost? Questions are the cost? It's fair cool.
But having having said that, if you let things linger infester,
which have, it's going to cost you more. It's like
you don't paint your house off and enough, it's going
to cost you more when.

Speaker 13 (01:12:22):
You did.

Speaker 9 (01:12:25):
Soproachate the result So the resulting the program is quite
simply there's been a reduction in the offending, which means
a reduction of victims.

Speaker 5 (01:12:35):
There's been a reduction in the seriousness of the offending,
which is good for the for everyone. And by the way,
if we didn't make this intervention, Ginny, they are on
a fast track into the adult criminal justice system. So yes,
it's a really tough intervention. It's an important one. It's
not exactly where we want it to be because we're
changing legislation to make sure they can stay longer. We

(01:12:56):
always said it had to be up to twelve months.
Currently the legislation only allows three months.

Speaker 2 (01:12:59):
And you got it's pretty good. You've got thirty seconds,
Jenny go.

Speaker 15 (01:13:04):
What we put that program in place in South Bookland
called I Hate It for Carl and then it was
called Circuit breaker, and that is the single biggest success
in the youth justice system. It's a full wrap around
support that gives the whole family the support, and that's
what stops reoffending. Not both don't they don't.

Speaker 2 (01:13:20):
You've got to wrap it up. God, don't got to
wrap it up. Take take it off here, Mark Mitchell
and Jenny Anderson.

Speaker 1 (01:13:25):
Ding Ding Ding ding Ding.

Speaker 2 (01:13:27):
There will be in a round or two off here
before the eight thirty News eight twenty.

Speaker 1 (01:13:29):
Three, the Mike Casting Breakfast with Rainthrowver News Tom's dead
b Now, if you're looking for the smartest way to
boost the old home value in the static old market,
then have we got good news for you.

Speaker 2 (01:13:40):
The smartest way to do it is with you do
it Kitchens. So for fifty years, almost fifty years, this
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(01:14:00):
over thirty five color options. Then once you've locked in
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If you can believe it, everything's dispatched to your door.
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beers do you have? Allison? We're going back to the
Christyuge Hotel. George Hotel's a beautiful hotel.

Speaker 15 (01:14:41):
Mike.

Speaker 2 (01:14:41):
We're spending five days in christ Jitch November will be
the first time in over thirty years. Are you serious?
Where have you been? I am looking forward to u
seeing the city and enjoying it. James, you probably need
more than five days, but as an initial tester taster,
get amongst and thoroughly enjoy it and let me know
how you're going, Steve across the Tasman the RB yesterday,

(01:15:01):
the big cuts on we'll talk to him next.

Speaker 1 (01:15:04):
News opinion and everything in between, the Mike Hosking breakfast
with Bailey's real estate altogether better across residential, commercial and
rural news talks head been you're.

Speaker 2 (01:15:15):
Just discussing before I let me get a text, Mike.
The price for Kadrona Hotels around twenty million dollars. Yea,
I know it was being reported yesterday. We've got interest
from all around the world for this. Not surprisingly I
was a mile out at seven or eight million, and
so if you're right at twenty million, and that's what
it comes out to be, mind you, I put an
offer in on a house that's telling you about the

(01:15:37):
other day, and I missed out on that too, So
I just might be completely out to lunch. But what
we were talking about off here, which is interesting, and this
comes out of the RB yesterday in Australia. So one
of the things, apart from the cut they made is
the GDP is going down to one point they think
Michelle as in the Reserve Bank Governor thinks one point seven. Now,
what's critical about that? Is the claim here. The forecast

(01:15:57):
here is growth this year is going to be in
excess of two. So no one seems to have made
a news story out of this or seeing the obvious
headline new Zealand is out growing Australia.

Speaker 21 (01:16:09):
Green shoots, mate.

Speaker 2 (01:16:11):
Green shoots twenty two minutes away from.

Speaker 19 (01:16:13):
Nine International correspondence with endsit Eye insurance, peace of mind
for New Zealand business.

Speaker 10 (01:16:19):
You witch the prices well this morning, mate, careful, what
you wish for standard of living in Australia is diving
and you better shut the gates because we'll all be
on our way over there.

Speaker 2 (01:16:30):
Well, it's funny because the reason I raised this on
the program quite often is we've lost tens of thousands
of New Zealanders to you guys, because you know, obviously
no one read the newspapers or worked out what the
hell's going on there. But it is fair to say
that even though you got your twenty five points yesterday,
life short of a bit of sunshine on the Gold
Coast and some triple X four XB, it's not as

(01:16:52):
rosy as some here.

Speaker 18 (01:16:52):
You might think, Well, it's certainly not. And look we've
got lowish inflation now and unemployment rates steady only because
we've got massive immigration. So there are really very big
problems for that roundtable with the Treasurer next week to
sort out. And the standard of living according to Michelle
Bullock yesterday, and she kept getting asked about productivity, Now,

(01:17:16):
what is productivity, Well, it's the economy growing minus all
of the government jobs where people get paid by the
federal and state governments will get paid by NDIS or
the doll productivity is you know, it's diving, as you
pointed out, and with that comes to standard living. I
can tell you I know, and you know two handfuls
of people who've been made redundant in the last couple

(01:17:37):
of months, and wages are stagnant. No one's wages are
going up. So it's not a rosy picture here at all.
And you're right to point that out.

Speaker 2 (01:17:46):
That roundtable thing that alban easies. I mean, is anything
real going to come out of this? Is this an exercise?
And hot ere, I'll.

Speaker 18 (01:17:53):
Tell you what reel is going to come out of it.
We will cop higher taxes somewhere somehow that's are given
because the budget is basically broken and they need to
get more revenue. So there will be tax changes that
come out of it. That'll be one thing that will
come out of it. And then amazingly I read this
morning courtesy of the Australian newspaper. But the union movement

(01:18:14):
is going to go and sit at this round table.
I mean we talk about roundtable. It is basically a
small gathering of business, unions, lobby groups and politicians that
will descend on Parliament House for three days next week.
So what does the Act take to the table. Well,
they want to demand a four day working week for

(01:18:34):
union workers in Australia. They have cited some Swinburn University
research which trials something called one hundred eighty one hundred.
Now that's where surprise, surprise workers keep one hundred percent
of what they were paid for working five days while
working eighty percent of their former hours, provided they maintain
one hundred percent of productivity. Imagine taking that to that gathering.

(01:18:58):
Given what we heard from them of the Reserve Bank yesterday.

Speaker 2 (01:19:01):
Well, Guardian look up, I can't remember his Perpetual Guardian.
Look up Perpetual Guardian, which is a company here. They
pioneered that they would argue that it's successful, but there's
still debate about that. By the way, Rubio, when Rubio
goes at you over Palestine, you've got problems. How are
you going to If alban Easy was not going to

(01:19:22):
get a meeting with Trump, how does he think he's
going to get one now?

Speaker 18 (01:19:26):
It's going to be very difficult. I mean he's going
to the UN obviously next month, and he's going to
talk about Palestine, which doesn't help. And the Foreign Minister
Penny Wong has revealed that she's had some discussions Marco Rubio,
the Secretary of State. She actually gave him fore warning
of what we're going to do. Well overnight, Rubio comes
out goes, well, this is meaningless. He says that the

(01:19:47):
move to recognize Palestine, he said, our government Australia and
you can include France and Canada and the UK, and
that bowing to domestic anti Israel sentiment. Now he's absolutely
one hundred percent correct. Is quoted as saying it's symbolic.
They're doing it primarily for one reason, their internal politics
and their domestic politics. Bang spot on. He has nailed it.

(01:20:09):
That's exactly what's happening. And you know, several commentators yesterday
were suggesting this is more about keeping votes in seats
in Sydney and Melbourne right than it is about anything
to do with a real solution in the middle.

Speaker 2 (01:20:23):
Egine, Well, I'm sure that's true. I was watching the
interview with Penny Wong that Karen Gilbert was doing on
Sky yesterday and she couldn't contain It's just, I mean,
she can't even hide the fact that she's clearly fantastically
pro Palestinian, cannot often enough to states silly. I mean,
she's like, this is a dream come true. This is
like Christmas for her, isn't it?

Speaker 18 (01:20:43):
Absolutely? And I've said this to you before. It's in
the DNA of Pennywong and Anthony Albernezi they would have
they were at university as young, young Australians dreaming of
the day that Palestine would be recognized as a state.
And I'm not making that up. That's exactly what they
were dreaming. And can you imagine what Anthony Albernize is
going to be feeling when he's strutting the stage in

(01:21:05):
New York at the un the next month announcing that
Australia signed up to this. I mean there's a lot
of anger in Australia, but Ian at the end of
the day, it's an issue a long way away, and
people are more worried about cost of living.

Speaker 2 (01:21:17):
Well exactly, Snoop Dogg. I would, under normal circumstance laugh
at you. But I did see him and a bunch
of other rappers did the Super Bowl maybe two or
three Super bowls ago in Los Angeles, and they actually
put together quite a good show. I don't know he
by himself is any good. But how's that gone down?

Speaker 15 (01:21:36):
Well?

Speaker 18 (01:21:36):
Have you read any of his lyrics?

Speaker 2 (01:21:38):
Oh, of course it's not really Australian. It's not really
afl is it. I mean, it's like.

Speaker 18 (01:21:44):
We're importing a convicted criminal to stand on the stage.

Speaker 2 (01:21:48):
Now.

Speaker 18 (01:21:48):
He's going to have to be very careful what he raps,
what songs he chooses. But that's a daytime event, largely
attended by young kids, a lot of women. I just
find it a very odd choice. I mean, we've had
some very good choices, Robbie Williams, Katy Perry, obviously meat Loaf.
As I understand, you played a small grab of our

(01:22:10):
friend meat Li, who completely made a fool of himself
when he tried to do it. Yes, but I mean
you can go back. I mean the one act they
ought to have been trying to get his ac DC. Obviously,
he is the most famous rock band in the world
and you can go back and celebrate sport. I don't
know why we keep paying and these people have played
millions of dollars. I was at a grand file at

(01:22:30):
the mcg in one of the great moments in my life.
Muhammed Ali was driven around the ground in an open
top car. I got to see Muhammad Ali. Why are
we doing things like that anymore?

Speaker 2 (01:22:40):
That's a good point. That's a very good point. Wall
what do you pay? It was what do Williams give
five millions? It's literally millions, isn't it. It's like a
major gig.

Speaker 18 (01:22:48):
Oh yeah, yeah, he for one one show and he'll
probably then go on and do a tour around the
rest of Australia. So yeah. I think they were talking
at one point trying to get Bruce Spring and they
couldn't afford him. But it's something like five or six
million dollars for one.

Speaker 2 (01:23:04):
Not bad, all right, mate, go well, we'll see you
next week. Steve Price out of Australia by the way,
just picking up on that conversation, very good piece of
read in the u Citny Morning Herall the other day
and look it up. It's under the headline the first
generation with declining standards of living Australia's faltering economics standing.
And that's before you get to the fact you end
up with a house and serdainely at a minimum price

(01:23:25):
at one point seven million dollars, so you can't afford
a house. Yes, you might be earning a little bit
more in a beer, might be cheaper, I don't know.
But the first generation with declining standards of living Australians
faltering economic standing. So if we end up with more
GDP than Australia, that's not a bad year, is it?
Eight forty five?

Speaker 1 (01:23:41):
The Hike Asking Breakfast Full Show podcast on iHeartRadio power
by News talks.

Speaker 2 (01:23:46):
A B twelve away from nine. Just a reminder of
where we've been, Adrian or they're cutting jobs at the
Reserve Bank and this is the problem with people who
don't know what they're doing. You pay and this was
actually funny enough to was Ginny's problem In Question Time
yesterday they were asking why people shouldn't take it personally
if they've lost their job, and they were quoting allegedly

(01:24:09):
Nicola Willis. Now Nikola Willis didn't say that. She said
you shouldn't take it personally if you've lost your job.
Because the previous government buggered up the economy so badly,
inevitably people were going to have to pay the price,
and unfortunately the people who lose their jobs are those people.
It's not a personal reflection. It's not about you and
your work and your ethic. It's your just the unfortunate

(01:24:30):
victims of incompetence. So that was the quote, but because
she sort of paraphrased the quite and tried to make
a point out of it fell flat. But the people
at the Reserve Bank are finding out what it's like
to have somebody who's incompetent as well, because one and
four jobs are being cut. So they've agreed to seven
hundred and seventy five million dollars worth of funding twenty
five through thirty for the bank they wanted a billion.

(01:24:50):
Cuts are deeper in the so called Enterprise Services Operation,
whatever the hell that means. So jobs directly linked to
the bank's core functions maintaining price, finance stability, et cetera.
They're going to be saved. Good as they should. But
if you're in strategy, stakeholder engagement, governance, general counsel people

(01:25:11):
and culture, information security, all of that, then the chances
are you losing your job now under this is how
bad it got under or those areas that I just
mentioned saw arise from one hundred and thirty eight jobs
to three hundred and seventy eight. One hundred and thirty
eight to three hundred and seventy eight just in non

(01:25:33):
core roles at the bank altogether. Staffing levels at the
rb nearly doubled doubled between June of twenty and January
of twenty five, from three forty nine to six hundred
and sixty. The guy went nuts, and so he hired
a whole lot of people who are now going to
lose their jobs because he didn't know what he was doing.

(01:25:55):
So don't take it personally. Nine minutes away from nine the.

Speaker 1 (01:26:00):
My Cosking Breakfast with Bailey's Real Estate News togs They'd be.

Speaker 2 (01:26:05):
Fright is running. Milford Asset Management have taken up the
Consumer New Zealand People's Choice Award for Keiwisaber. This is
for their Milford Qusaber plan. There's more. Morning Star's latest
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(01:26:25):
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(01:26:46):
so please read the Milford Qusaberplan product disclosure statement that's
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(01:27:07):
dot com slash Getting Dash advice. Pasking Police Commissioner is
in the building with Kerry after ten o'clock this morning,
and we'll be taking your calls and having a good
discussion around crime, punishment and all of that. So that's
after ten o'clock this morning on Kerry Show, five minutes
away from nine.

Speaker 1 (01:27:25):
Trending now with Chemist ware House, Great savings every day.

Speaker 2 (01:27:30):
Now we got Megan. So Megan is well. She calls
herself an actor and a writer. And her flight's been canceled.
This is all online. She's coming back from Portugal to Indianapolis.
Now she's eaten the night before an undercooked burger. So
there's your first clue. So she's spending quite a bit

(01:27:54):
of wants to spend quite a bit of time in
the bathroom, and it's so bad that she is in
fact allowed to stay in said bathroom while the plane
took off and landed, which I would have thought is
reasonably unusual, because I've been in that situation. Not myself,
because I don't hate to undercook burgers and never rush
off to the bathroom, but I've been on a plane
with a person in a similar sort of state, and
they weren't afforded the same opportunity of luxury of being

(01:28:17):
able to spend it vast amounts of time in the bathroom. Anyway,
it gets worse. Unfortunately, the flight was canceled due to
her diarrhea.

Speaker 25 (01:28:30):
Flight attendant comes over, Megan, everybody is off the plane.
Now just come out.

Speaker 13 (01:28:35):
Whenever you can.

Speaker 25 (01:28:37):
Next flight has been canceled. In the moment, I'm not
thinking that's because of me. And the moment, I'm like,
oh thing, you got okay, because I'm like, what a
gorgeous coincidence. When I got off the plane, I was
like asking the flight attendant. I was like, Hey, what am.

Speaker 13 (01:28:54):
I supposed to do with this bag?

Speaker 15 (01:28:55):
Up?

Speaker 25 (01:28:55):
Drove up and she's like, no, tie up, leave it
all in there, because that has much team's going to
come through. And I go, got it, got it. I
am a biohaz right.

Speaker 2 (01:29:14):
It's hard to believe that twenty million people have looked
this up, obviously, because I heard the lads in the
afternoon talking about wasting your life on short video clips yesterday,
and yet there are twenty million people wasting their life. Well, no,
that's the point I was coming to. Glenn's a very
good point. In fact, she goes on for sixteen minutes,

(01:29:36):
which also seems almost beyond belief. But between her and
the twenty million idiots Welcome to the world. In twenty
twenty five, got in again. Now look, Gilbert and OK
you remember Gilded and Oken and the All Blacks. It's
all up in the top two percent. You know. It's
the power of success. It's if you believe you all
that stuff. Looking forward to catch up tomorrow on the program.

(01:29:56):
He's guess where he is. He's been working with Baz
and bes Ball in the British cricket But guess where
he uses this is it Chelsea and the EPL. Anyway,
Gilbert and I could with us tomorrow. Happy Days.

Speaker 1 (01:30:08):
For more from the Mic Asking Breakfast, listen live to
News Talks at B from six am weekdays, or follow
the podcast on iHeartRadio.

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