Full Show Podcast: 25 August 2025

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Episode Transcript

Speaker 1 (00:00):
New Zealand's voice of reason is Mike the Mic asking
Breakfast with Bailey's real estate altogether better across residential, commercial
and rural news talks Head Been Willy, You're.

Speaker 2 (00:11):
Welcome today and turns from within the Police over the
quality of new recruit Sir Graham Henry with some tips
for the all Blacks, the Prime Minister of course, cash
rights and power inquiries, the Lads and the commentary Box
and good Tourism News Richard Arnold, Steve Price, They Poney
up as well, Hosky Brand New Week Welcome to It,
seven past six. The obvious question is why on earth
don't we or didn't we do that every single time?

(00:32):
The Titans curse or hurdle or whatever it is you
want to call is legendary, and yet Saturday, of course
we killed them, as we should, given we're top of
the table and they are not. So here's a thought.
Could we be coming right at the right time? Could
we be on the ascendency. Teams who peak at the
right time of course win competitions. The Panthers are on
a roll until whoops, they weren't. The table has moved

(00:55):
a little to start to favor us. Some of the
teams that might have been within a point and no longer.
We are a comfortable fourth. With how much talked about
easy run. In so two games to go, I had
us winning three of four. If you go back a
couple of weeks, I had us winning three of four.
Could be wrong. We might win the lot. And if
we win the lot, do we go nuts or do
we get nervous? And second guess our ability in a streak?
Are we capable of a streak? Do some of the

(01:16):
injuries come right enough to bolster the side even further?
By the way, I know Metcalf was sort of coming
right in the kicking department before the injury, But look
at Tanna Boyd, where's he Beino Pompy's good as well.
We've got two excellent kickers, and we stuck with Metcalf
in any number of misses. But I'd agress a good
win over a bogey team cannot be underestimated at this

(01:37):
end of the season. If for no other reason, then
it puts to bed that roadblock we had a couple
of weeks ago when the injuries were mounting along with
the losses. We still will enter the playoffs having not
beaten the top sides that we will be about to face.
But there's nothing we can do about that now other
than perhaps draw from the reassurance and hope that we
didn't really know how to beat the Titans properly until

(01:57):
we did with this win, these last two and two
more goodwins. Surely, surely the confidence must be at a
level where genuine belief provides the side of the fan
base that twenty twenty five could just be it. It
could just be our year.

Speaker 1 (02:16):
News of the world in ninety seconds sound.

Speaker 2 (02:19):
In Europe where the Ukrainians have been marking Independence Day.

Speaker 3 (02:21):
Of today, Ukraine celebrates Independence Day fighting defending itself against
attacks and air raid alarms. We are strong and not alone.
Every day we are pushing this war back to where
it came from.

Speaker 2 (02:37):
Special guest was Canadian PM Marc Kenny.

Speaker 4 (02:39):
The approach for securing peace must remain consistent with these
principles of no decisions about Ukraine being taken without Ukraine
and no decisions about Europe being taken without Europe.

Speaker 2 (02:52):
Now it's at this point you might be going, what
about that meeting?

Speaker 1 (02:55):
There is no meeting.

Speaker 5 (02:56):
Blend Putune is ready to meet Bzilian when the agenda
would be ready for a standard, and this agenda is
not Radieto.

Speaker 2 (03:10):
So if there's no making, the war rolls on. But
Russia has issues in terms of progress.

Speaker 6 (03:14):
They've really lost badly already because one of the things
they did not want was more NATO closer to Russia. Well,
they've got Finland and Sweden in NATO now, and they've
also got new determination by the Europeans to up their
spending on defense.

Speaker 2 (03:28):
Straight side busy weekend for the dawn, he went patrolling
with the Guard on the OsO safe streets of Washington,
which gave them an idea.

Speaker 7 (03:35):
The people in Chicago, mister Vice President, are screaming for
us to cast the You're wearing red hats just like this.
When we're ready, we'll go in and world straight down Chicago,
just like we did DC.

Speaker 2 (03:46):
It's not just Chicago. He's going into New York as well.
Then in Britain, we've got the obligatory protests out of
the weekend, some from Palestine, some for migrants and hotels.
But what about notting Hill. Surely a festival's a good time.

Speaker 8 (03:57):
I saw someone today get bottled in front of me,
pouring out with blood.

Speaker 9 (04:01):
There was a helicopter a top.

Speaker 1 (04:02):
Of me like this.

Speaker 9 (04:04):
This was about one.

Speaker 8 (04:05):
Point thirty this afternoon, and it's quite scary to be
around that kind of you know, Aura.

Speaker 2 (04:11):
At the festival. Finally, from the sports memorabilia market this morning,
we have a basketball card of Michael Jordan Kobe Bryant.
You probably know the names anyway, John images of both
of them signed on the same side with an NBA
logo patches on the jersey, which makes it all legit. Anyway,
what do you reckon pre option? They said ten mil
went for twenty two point twenty seven. Previous basketball record

(04:32):
was Steph Curry's rookie Logo Man card that went to
ten point one. And this new car, by the way,
beat out the previous all sports cards record, which was
a fifty two tops Mickey Mantle and that previously it's
old for twenty one points in US of the world
in ninety Japan, you want a bit of Japanese news,
manufacturing activity contracted for the second month in a row.
They're at forty nine to nine, so it's on the precipice.

(04:54):
But nevertheless, below fifty is still contractions headline inflation. What
do they got three point one headline at three point
one in the Core Corps. Who doesn't love Core Corps anyway?
That came in at three point four twelve past six.

Speaker 1 (05:08):
The Mike Asking Breakfast Full Show podcast on Ahard Radio,
how It Blay News talksp.

Speaker 2 (05:16):
Mike, did youred Gregor Paul's brilliant piece about the shock
that was Cody Taylor's one hundred?

Speaker 5 (05:20):
Yes?

Speaker 2 (05:20):
I did? But are we really the dumbest and dirtiest
team in rugby? Is that what we still seem to
have that nineteen seventies let's go down and a heave
when we lose a game vibe anyway? Graham Henry shortly
fourteen past six now from Devin Funds Management, Greg Smith,
Good morning morning, Mike, Jackson hole and Jerome came to
the party, did he not?

Speaker 10 (05:39):
Yeah, they're calling him Rocketman.

Speaker 11 (05:41):
Yeah.

Speaker 10 (05:41):
The Dow Jones sawed by one hundred and forty six
points record high s and P five hundred. That was
up by one and a half percent. That's a new
all time high as well. So it was a z
leg awaited speech at the Central Bank Symposium. So yeah,
they went too. Sure they were going to play his
cards clusters chess, but yeah, the market's got excited when
he suggested the possibility of rate cuts. So it is
a dual mandate of inflation but also unemployment, and he

(06:04):
said the balance of risks to the latter was shifting
a bit. He said sweeping changes and tax, trade, immigration
policies we know all about that meant that downside dangers
were rising. So of course the feeder still in a
tricky position. Might you've got the tariffs. Of course they
yet to have a meaningful impact on consumer inflation, but
prices are rising at the factory gates, so there is
a possibility that being stowed up in infantries and that

(06:26):
American consumers are going to get the impact down the line.
But he said that there was a reasonable base case
that tariff impacts would be short lived in transitory and
I was just wondering where we heard that before. And
he did make his point during his speech that central
bank officials got it completely wrong during COVID and inflation
being temporary. But he did say they don't want history
to repeat, and they make committ into their two percent targets.

(06:47):
So we know the Trump administration view they reckon tear
us are not going to cause lasting inflation. They want
to see rate carts. The jury is out, but just
on the subject of the White House's demands and of
course what President Trump has been sort of targeted and
with Pale didn't cover it specifically, but he didn't know
the importance of FED independence. But an event looks like
Trump will get what he wants next month. Market of

(07:10):
pricing and the ninety percent probability of a quarter point
rate cup.

Speaker 2 (07:13):
Okay, so fon Terra speaking of things and getting what
they want. The votes yet to be held, but I'm
assuming they did enough in the field days and the
road shows and stuff and they'll get the boat.

Speaker 10 (07:23):
Yeah, you would have to think so. So yeah, party
mode again for sort of the dairy ex sect obviously
lifted the farm gate milk price last week and they
have a big review on Friday. So she's in the
co op up almost twenty percent of the selling and
consumer associated business. We know that's been on the block,
but yeah, it's actually been able to restrict a really
good price and favorable terms. I just remember this includes
brands such as Anchor Mainland and also Capity, so they're

(07:44):
selling the unit to France has lacked us. That's the
world's largest dairy company for three point eight four five billion,
so that was well above expectations and let you make
it New Zealand's largest ever corporate transaction. Then we also
might get a further through in a seventy five million.
There's a staush over beggars licenses with the Aussie business,
so that might up things further. Number of conditions as

(08:06):
you mentioned, sort of farmers shiholder approvals the main one.
They've also got regulatory approvals the OIA if I r B,
but the Commerce Commission that has already waved through. So
we've got this farmer vote. It's gonna be laid October
really November, so there's certainly a nice incentive to get
the deal over the liners and they might so. The
targing a three point two billion return that's tax free
farmers of two dollars per share also important things. It

(08:29):
does include a long term agreement for Fontier to sell
its milk two Letteilus, which will become the biggest customer.
And just on the point obviously we've seen huge rises
and butter and cheese and the like. Fontier did reassure
that it shouldn't change and mean that prices suddenly go up,
but you know, there's no surprise the secured a strong price.
They unanimously recommended it to Shielders for approval and the

(08:52):
focus on the ingreents and.

Speaker 12 (08:53):
Food service business.

Speaker 10 (08:54):
That's the majority of returns to Shielders and through the
farm gate milk price and dividends. So just on that
point to they maintained earning guidance for FY twenty five
sixty five to seventy five cents per year a head
of results next month. But you'd have to think that
that vote goes through.

Speaker 2 (09:09):
Just quickly running through the two Skys City and TV.

Speaker 10 (09:12):
Okay, So yeah, but basically sort of at the point
end of the economy, sky TV is coping beer than
skysid the entertainment. Basically, earnings were down at Skys Entertainment
and revenues down sixteen percent. Instry number of visits went up,
but people are spending less. They think things are going
to remain tough for this year. Earning Sept four ten
to twenty percent. They've obviously got the capital raize, which
and talked about on Friday. They're selling assets and like

(09:35):
She has felled twenty two percent as markets priced in
that discounted rights issue, better reaction results in sky TV
up four percent. They results came in line with Februar guidance.
They lifted the dividend sixteen percent.

Speaker 12 (09:46):
So markets like that.

Speaker 10 (09:48):
Skybox revenues are down, but Skysport now that's growing strongly.
Maybe it's the worry is their broad bed up to
thirty four percent, advertising up to seven percent. They've had
their own specific challenges, but yeah, the big good news
as well on Friday a new five year deal with
New Zealand Rugby.

Speaker 1 (10:03):
Obviously the Crown Jill and up.

Speaker 10 (10:04):
A better news mic is that the cost has gone
down from eight one hundred and ten million to eighty
five million, twenty five million in savings.

Speaker 2 (10:09):
But yeah, don't.

Speaker 10 (10:10):
Expect that throw flow through the lowest subscription prices.

Speaker 2 (10:13):
No, it will not give me the other numbers.

Speaker 10 (10:16):
So yeah, the Dow was up strongly, as mentioned, up
one point nine percent, p FI found one and a
half percent. There's Deck up one point nine percent, foot
Seat up point one percent. That's a record high in
the UK and Nicko appsolightly point five percent high, ASEX
two hundred down point six percent. In the X fifty
we were down one point one five percent, fishing pike
all was down two percent. Way there, Gold up thirty
three dollars three thousand, three hundred and seventy one ounce,

(10:37):
oil up fourteen cents, sixty three spot sixty six a
barrel kiwiwaker across the board fifty eight point nine against
the US, Australian dollars ninety point four, British pound forty
three point four, Japanese yen eighty six point two. This week,
Mike Lot's going on seeing quarter US GDP. We've got
inflation speaking in that out of the US and Europe
RBA minutes in highlight, it's in video. Will be having

(10:59):
a big look at that one on the week. Locally,
we've got retail Sales, Business and Consumer Confidence Prince and
we've got nineteen results. So we've got Ebos, Somerset and
Portatower amongst them.

Speaker 2 (11:10):
Go well, make catch up soon. Impreciatic, Greg Smith Devon
Funds Management met right out over the weekend. Two new
smart glasses. They've got the Big Connect Developer conference coming
up next month. First consumer ready glasses, a display and
a wristband that will allow users to control the glasses
with hand gestures. Paving the way potentially for ar glasses.

(11:31):
They're calling them hype and over a little display on
the right hand lens, you reckon they're going to work
fifteen hundred dollars. They're all yours. Six twenty one views to.

Speaker 5 (11:39):
M z B.

Speaker 1 (11:42):
Where go the Vike asking Breakfast Full Show podcast on
iHeartRadio powered by News Talks AB.

Speaker 2 (11:53):
A lot of the random American stuff happened over the weekend.
John Bolton, of course, probably had a worse weekend than
you did, and it has dropped their retaliatory tariffs. Karne
was in Ukraine, as had told you about before. Government's
taken to ten percent stake in Intel. There's a big
summit tomorrow with the Korean president. So anyway, Richard Arnold
shortly by the way, Mike asked the Prime Minister where

(12:13):
is our pipeline for major events? And do we have
a dynamic sales team overseas selling the opportunities for May
major events? Interesting you should say that we'll talk about
the hotels in just a couple of moments, but I
will raise as far as pipelines are concerned, and generally
got six billion dollars worth of infrastructure coming before Christmas.
Of course, Mike, I cannot understand why there's not an
absolute artcry over the Fontira action. If this had happened
to on Jacinda's watch, you'd be tearing her to shreds. Paul,

(12:35):
I don't know if you. I assume you're talking about
the consumer sale. If you are, it's got nothing to
do with the government. Fontiras not government, don't. Fontira is
owned by farmers, and farmers can do whatever they like.
Vontura can do whatever they like. They decided to sell,
They've had some road shows. They're going to have a voter.
Just outline a couple of moments ago in September October
and it will most likely get past. And so you

(12:57):
can't interfere with what private business. I'm sad. I'm not
a fan of selling it off and I would vote no,
but then again, I'm not a farmer. Six twenty five.

Speaker 1 (13:07):
Trending now with square House, you're one star for Father's
Day Fragrances.

Speaker 2 (13:12):
Now Daniel da Lewis's back. You thought he'd retired, which
he did, but eight years on we have an enemy
story of a bloke who turns into an isolationist after
a stint to the military.

Speaker 12 (13:25):
I've seen my share a lot of souls.

Speaker 1 (13:27):
Really, I'm beyond your reach.

Speaker 13 (13:36):
Now, yeah, he tastes just grin and bury.

Speaker 1 (13:45):
The war with grime.

Speaker 2 (13:48):
We were the phonesome soldiers.

Speaker 1 (13:52):
What do you want from me? Brother? What do you want.

Speaker 2 (14:03):
Your coins? Owl brother? Family, realgain Shawn Beinson there as well.
Directorial debut of Ronan day lewis right. So guess who
called that? It'll premiere at the New York Film Festival
next month and be in Cinema's October the third. Speaking
of cinema, the box office for summer's coming to an
end in America from com Score over the weekend, three

(14:23):
point seventy five billion for the summer season this year.
Is that good? It's okay. They were hoping to break
four billion. They're not going to do it. So last
year was three point seven, twenty three was four and
then we got back to COVID. So it's comeback, but
not come back quite the way they thought. Now, speaking
of events and such like, some investments, some good news,
some bollishness in our hotel sector. Reading over the weekend,

(14:46):
we've got too many hotels in Auckland and not on
up in Queenstown. So I don't know how this works,
but some new investment into the hotel sector and hopefully
some wife for our tourism will look at this up
in the news. Which is next you're in news talks,
it'd be.

Speaker 1 (15:04):
Mike host Game Insightful, engaging and Dally the Mike Hosking
Breakfast with Vida, Retirement Communities, Life Your Way News togs head.

Speaker 2 (15:14):
Be rovsas Levov has been on Meet the Press in
American television for the Sunday so we'll have a look
at that with Richard Old. Shortly and there seemed to
be those Maxwell papers got released out of the weekend.
There seem to be nothing in the twenty three and
all about shortly twenty three minutes away from seven. We
do have domestically those some good news for our tourism sector.
Drive the Hotel Hostels Australia known currently in christ Jurg.

(15:35):
They're planning to open new branches Northland and Wellington next year.
This is a twenty two million dollar investment in long
term growth. James Dooland's the strategic director at the Hotel
Council and as well as James Morning, Mike, how are
you very well? Indeed, thank you, I've never heard of them.
They are player.

Speaker 14 (15:50):
There are new and emerging brand in quite a trendy
area at the moment. It's kind of reimagining the idea
of a backpacker and a hostel. It's an awesome idea
and I think they're going places.

Speaker 2 (16:01):
Do we like backpackers, Oh, we like all kinds of travelers.

Speaker 14 (16:05):
There's plenty of room in New Zealand. We had three
point nine million visitors to New Zealand pre COVID and
we should probably be beyond five million today, but we're not, unfortunately.

Speaker 2 (16:15):
Well exactly So where are we at with hotels? I'm
reading over the weekend. Too many in Auckland, not enough
in Queenstown. These guys are in. Is there a bullishness
about hotels and assets or not?

Speaker 14 (16:26):
I wouldn't call it a bullishness. We've got to look
at what this is. This is in a particular market
segment and it's a small but significant investment flash packers
or backpackers. I don't think you're suddenly going to see
lots of high end luxury hotels, for example, in Outston,
Auckland and Wellington. Operating conditions are still pretty tough right now.

Speaker 2 (16:47):
Right so do they build it and then the backpacker comes,
or have they seeing the backpacker and they thought, well,
we'd better build a place for them to stay.

Speaker 14 (16:54):
Well, now, the first thing you've got to remember is
this is not like running an airline. Accommodation is in
credit competitive with lots of different ways to make money,
lots of different price segments. So this particular segment we
lost a lot of backpackers as a result of COVID.
YHA isn't around anymore, and so this particular segment they've

(17:14):
got a business plan, They've got an idea to gain
market share, and good on them. This is why the
accommodation industry is a wonderful industry.

Speaker 2 (17:22):
I don't know whether this is a new wheelhouse, but
I'm also reading over the weekend the lack of I
didn't realize this, but there's a lack of capacity. I
thought we were back to capacity airline wise. In other words,
we need more people. But does that concern the industry?

Speaker 14 (17:35):
Yeah it does. And look, this has been something the
industry has been talking about ever since we shut the
door to international travelers. And fifty five percent of accommodation
sector revenues came from international travelers. That's why we need
to get more internationals back and air New Zealands engine
problems haven't helped. So yeah, we're an island nation. We

(17:56):
need lots of capacity if we want our city centers
and shops and restaurants pump and build with people.

Speaker 2 (18:02):
All strings being pulled as far as you're concerned.

Speaker 14 (18:06):
Oh look, I think we could have hustled more New
Zealand since twenty nineteen other countries around the world did
things like waiving visa fees or even dropping their vat
or GST. New Zealand's kind of always assumed that tourism
would come back, and it will. It will come back,
but it's been slower than it might have been if

(18:26):
we'd pulled all the strings.

Speaker 2 (18:28):
To use your term, good on you, James. Nice to
talk to you, James Dillon. So we wish drift to
all the very best. Spain's going gangbusters on tourism. More
on that later on in the program and Sedema now
the hotel brand. I note over the weekend they say
their words, not mine. They are desperate, and part of
their desperation in a place like Auckland is we do
not have enough events. What we need are more events,

(18:49):
So this time next our we'll talk to the Prime Minister.

Speaker 1 (18:51):
Nineteen to two the Mike Hosking Breakfast Full Show podcast
on iHeartRadio powered by News Talks.

Speaker 2 (18:58):
It be I wish I had done it a lot sooner.
So these are the words that the VIDA team here
quite often from their residents once they've moved into those
new living well communities. And that is because with the
support of the r VEDA team, our residents can take
control and come up with ideas and initiatives around new
ideas and interests. And whatever your interest or hobby, you
are encouraged to bring it to an RVIDA community because

(19:19):
you're run bound to find others who are interested as well.
So a Vida's Life your Way basically means a whole
host of resident led activities and clubs and their villages.
You're going to find community gardens and quilting and patchwork
groups and singing groups and beer brewing clubs and art
classes and strength and balanced sessions as well. Now you'll
find a unique range of activities and clubs on offer individual.
This is the beautiful thing about individual. To each of

(19:41):
the thirty four are Vida Living Well communities across the country.
So to find out more about n arveda community near
you and to book a tour and have look at
one or two can see if they're a bit of you.
R Vida Arvida r Veda dot co dot n z
Oscar Spain. So investment consumption are the main key drivers
along with that booming tourism sector. In fact, they're doing

(20:03):
better than everyone else in Europe two and a half
percent growth this year. France zero point six, Germany zero,
Italy zero point seven, So for the second year in
a row, they're the number one country in Europe for
GDP growth. But of course the encounter to that is
if you follow the news, they're out there with the
water pestols spraying all the tourists. So the tourists are
providing the economic growth, but they don't like them. So

(20:24):
you can't win, can You're sixteen to.

Speaker 15 (20:25):
Seven International correspondence with ends and Eye Insurance Peace of
mind for New Zealand Business.

Speaker 2 (20:32):
Rich and I'm morning to you, Good morning many Lavrov.
Was it interesting?

Speaker 16 (20:36):
It's rare interesting?

Speaker 2 (20:38):
Yeah, I guess you know.

Speaker 16 (20:40):
For twenty one years Lavrov has been Russia's foreign minister.
He's been on the front line forever, and now today
he's done this interview with American TV saying what I
guess we knew. There is no meeting planned between Russia's
Pertin and Ukraine. Zelenski Lavrov saying, quote, there needs to
be an agenda first. This agenda is not ready at all,
he says. So that puts into the clearest perspective, does

(21:01):
it not. The Trump team's claims of significant progress at
the Alaska summit, situation on the battlefield tells the story
in blood and continuing destruction. Into the weekend, Russia launched
the largest assault on Ukraine in weeks, firing nearly six
hundred drones and forty crews missiles at targets, including an
American owned factory in western Ukraine. Some six hundred civilians
were working at this site and at least fifteen workers

(21:23):
been injured. Kristen Welker of NBC Todd Levov that many
see this as a slap in the face to the
Trump team, Levov asserting it was a military target.

Speaker 17 (21:31):
This is an electronics factory. I've spoken to people on
the ground there.

Speaker 5 (21:35):
It builds coffee machines, among other electronics. This is not
a military site. Well, I understand that some people are
read in naive and when they see a coffee machine
and the window, they believe that this is the place
of the coffee machines are produced.

Speaker 16 (21:52):
Yeah, coffeemakers can be dangerous, right. Jd Vance, US Vice President,
also was pressed about this attack on the plant.

Speaker 17 (22:00):
I don't like it, Kristen, but this is a war,
and this is why we want to stop the killing.

Speaker 16 (22:06):
A military science, says Lavrov. You know, last year I
spoke with Associated Press reporter mister Slavchunhoff, who stayed behind
Russian lines as they were advancing on the Ukrainian city
of Mariopol, which was decimated by Russian siege in twenty
twenty two. He videotaped civilians at the local hospital who
had been injured in the attacks, and some were bleeding

(22:27):
to death and corridors unable to find effective medical assistance.
When those videos aired in the West, Lavrov said those
injured were actors. Human Rights Watch says some eight thousand
people were killed in this siege. Meantime, there was an
unexpected moment during the White House meeting about the World
Cup soccer draw when Trump suggested that Putin might visit
this country to watch a soccer match. Then he pulled

(22:48):
out a photo of himself and Vlad on the red
carpet in Alaska, saying Putin had sent him the picture.
A nice photo of Putin, said Trump, who then said
he planned to sign it for Vlad, who is such
a big fan of the American president.

Speaker 2 (23:01):
Do we get anything out of the Maxwell papers?

Speaker 16 (23:06):
Some of the victims of Jeffrey Epstein and Jelaine Maxwell's
child six trafficking and responding to the documents, the transcripts,
and the tapes from this eight hour interview.

Speaker 1 (23:16):
The audio was rolled.

Speaker 16 (23:17):
Out over the weekend when news coverage is less as
we know, it has Maxwell saying of Trump, the one
person in the world who might give her a pardon.

Speaker 18 (23:24):
President Trump was always very cordial and very kind to me,
and I just want to say that I find I
admire his extraordinary achievement in becoming the president now and
I like him and I've always later.

Speaker 16 (23:41):
Yeah, this from Maxwell, who is serving a twenty year
prison term for setting up and participating in pedophilia. Trump
always was a gentleman, she says. Now, some of the
victims of these sexual abuses say they are quote unquote
outraged over the fact that Trump's former criminal lawyer Todd
Blanche even did this interview with Maxwell. At this point,
what was it even about? They calling the release of

(24:01):
the type a bid to quote rewrite history, says Jennifer Freeman,
a lawyer for several Epstein accuses it's grotesque.

Speaker 1 (24:10):
It's another betrayal for the survivors.

Speaker 9 (24:13):
Again and again they're not given a voice.

Speaker 2 (24:16):
Outrageous, she says.

Speaker 16 (24:17):
Barry Levine, who wrote a book about Epstein and Massaga,
says one.

Speaker 19 (24:21):
Of the witnesses said that she was fourteen years old,
met them at a summer camp and that Gillaine Maxwell was.

Speaker 9 (24:29):
Present during sex.

Speaker 19 (24:30):
Kate, another of the victims, said that miss Maxwell made
her dress up in a schoolgirl at outfit to serve
Jeffrey Epstein tea and then have sex with him. Carolyn,
who was fourteen, said Maxwell first said, oh, you have
a great body for Jeffrey Epstein and his friends.

Speaker 16 (24:46):
After her interview with a deputy DA Lane, Maxwell was
moved to a minimum security prison and takes us where
like in one of the grounds at Will. They're out
in the actual prison cells, but there is yoga and.

Speaker 2 (24:57):
Pilates Wensday Richard Arnold state. So the other couple of things,
Higseeth fired a guy called Jeffrey. Jeffrey was in charge
of the report into Iran. The b twos went in,
Trump and Hickseeth claimed that they decimated the capability of Iran.
The officials said, well, dented it, and they didn't like that.
So they're gone. There's about three of them sacked. We

(25:19):
also noted over the weekend, and this is significant. I
don't know how they're going to do this. Some of
the stuff they're doing requires an element of resource that
you would wonder whether it's possible. Anyway, Rubio announce they're
going to be reviewing fifty five million visas and if
they find anything they don't like overstays, criminal activity, threats
to public safety, engaging in any form of terrorist activity,

(25:41):
providing support to a terrorist organization, et cetera, et cetera.
If they find anything they don't like in those fifty
five million visas, they're going to boot you out of
the country. Ten away from seven.

Speaker 1 (25:50):
The Mike asking Breakfast with a Vida, Retirement Communities News
togs head been.

Speaker 2 (25:55):
Mike, don't look down on the backpackage. The backpacker today
may well be the wealthy tourist in a few years time.
Wasn't looking down on them as just the debate we
had over the last couple who remember tourism. Minister Stuart
Nash said we only wanted a high quality form of tourist.
So we've had this ongoing angsty debate about who we
want and who we don't want. Morning, Mike, I run
a business in the construction industry. I had bugger all
work since March, picked up six months of contracts last week.

(26:17):
There's a breeze forming in the economy. I backed luckson
or I back lucksm Thank you, Warren. Mike is a
farmer shareholder of Fonterra. Like you against the sale, I'm
not really. I mean, I'm sort of over it now.
I mean I would have voted no. I just never
understood why you can't own something success. I mean, there's
a reason they're paying over three billion. And the reason

(26:38):
they're paying over three billion is they see the upside.
Why can't we see the upside? I'm all about that,
but the average farmer says Pete, it's getting over four
hundred thousand dollars that's going to go through. There's no
question about that. Mike is a dairy farmer who had
monumental amounts of capital taken from our payout for years,
whether we could afford it or not. I'm pleased to
finally see some capital coming back. Let's sell. I think
that's the way it's going to go. I'm piggy the

(27:00):
high sixties, early seventies. I think the bulk of farmers
will be into it like a robber's dog five minutes
away from seven.

Speaker 1 (27:06):
All the ins and the ouse. It's the fizz with
business fiber, take your business productivity to the next level.

Speaker 2 (27:14):
Thing of growing staff, thrive and twenty five is not
going to happen. And chocolate can tell you that for nothing.
So the warning this morning is we're not going to
see a shift in cocoa until Easter of next year.
And even when you see the shift, prices are never
going to be what they were never ever, ever, ever
ever coco As we sit here at this morning near
record prices thanks to the weather. They got some pests
in West Africa. West Africa supplies about seventy five percent

(27:34):
of the world's cocoa in the UK. The other day
when we told you about their inflation rate. Their inflation
rate came out the other day was disaster. Part of
that was chocolate products highest average inflation rate in that
particular part of the world at eleven percent in the US.
And here's here's where the tariffs are going to hurt
their economy in the US. It isn't the highest, but
it's still twelve percent annually, So that would lead you

(27:55):
to ask, all of twelve isn't the highest? What is
you see? He's going to introduce tariffs on furniture? I mean,
come on, and what are you going to do? Sing
Antonio Cheterio, sitting in Rome is suddenly going to go
I now, I'm going to move to America make my
furniture there. B and b it talliers going into Chicago?
Are they what a load of crap? I mean? Is
America known as one of the great furniture makers of

(28:16):
the world. No, So, therefore, what's the point apart from
paying more for your stuff from people who do make furniture? Anyway?
Where was I twelve percent for the chocolate lint? The
boss globally says, never again are we going to see
the prices as low as we once knew?

Speaker 5 (28:32):
Them.

Speaker 2 (28:32):
At the moment, coco per metric ton is thirteen thousand,
five hundred and twenty four dollars, which is down from
January when it was over fourteen thousand dollars. This time
three years ago. You're ready for this time three years ago. This,
this will upset you. Remember the number I gave you
right now, thirteen thousand, five hundred and twenty four. Three
years ago it was four grand, So it's gone from
four to thirteen and a half. Now. What is happening

(28:54):
is the CHOCOLATEA is there busy using coco they purchased
back in Q four of last year. That was when
it was at its peak, and that's why you're paying
so much at retail at the moment. JP Morgan says,
as supply improves and the productions ramping up, we're likely
to see the average price eventually get down to ten
thousand per metric ton. Tariffs aren't helping, but that's only
for America because the Ivory Coast and Garner they've been

(29:15):
hit with some fifteen percent. So you can't afford a chair,
you can't afford the chocolate.

Speaker 9 (29:20):
But through of shame, it's the best time to eat chocolates.
When you're sitting down.

Speaker 2 (29:24):
America is the most winning country. We're making money like this.
Never been wearing two hundred dollars anyway. Concerns this morning
over the police and are new recruits some of them.
They did a survey and it's an internal survey within
the police. I think that's the key here, and a
lot of people are saying, look, they're just not what
they should be. So we'll see what's happening there. We've
got the obligatory Monday morning angst after the weekend, and

(29:46):
the all black so Sir Graham Henry on that, the
Prime Minister in the studio after seven person.

Speaker 1 (29:52):
News opinion and everything in between, the mic hosting breakfast
with Rainthrover leading by example, use togs that'd be.

Speaker 2 (30:01):
Seven past seven. More ranks around our new police recruits.
We've got a survey canvassing senior police views that says
cops leaving college are barely equipped with the basics of arresting,
laying charges. Eighty three percent of respondents also felt the
new recruits were poor at organizing official paperwork and a
touch a penny as the Assistant Police Commissioner and is
with us morning, Good morning, Mike, do we have a
problem with our recruits.

Speaker 20 (30:24):
No, we don't have a problem. We're putting out police
officers after twenty weeks that are already for their two
year of probationary constable training.

Speaker 2 (30:33):
So how do we explain the survey and the concern
within the force.

Speaker 20 (30:37):
So the survey is really important because, like anything, we
know we're not perfect and we know these always areas
to improve. I mean the survey had some good results,
we were doing well, but to your point, it had
three key areas that we really need to look at
and that's under a view at the moment to see
how we improve.

Speaker 2 (30:53):
So will changes be made?

Speaker 20 (30:57):
Yeah, absolutely, Look, we are the nature of policing now,
so dynamics that we need to keep graduate tracking. We
need to actually really challenge ourselves. We're doing a review
at the moment and early next year we will be
making some changes to the curriculum.

Speaker 2 (31:12):
In the meantime before you make those changes, do we
have a bad bunch or a batch or two of
these people have come through that aren't quite up to scratch.

Speaker 20 (31:19):
Oh no, Look, we have ordinary New Zealanders who take
on an extraordinary role. They come in and we do
twenty weeks training look like it's like anything. It is
the start of your apprenticeship. We've got mister and missus
Smith who come in and within twenty one weeks they
are actually securing some powers that we take really seriously.

(31:40):
So this is just part of their trade ship.

Speaker 2 (31:43):
Is this any different to what you've seen previously? I
mean the fact this is in the public domain. Do
you review this on an ongoing basis and tweak and
twist when you need to?

Speaker 20 (31:53):
So, yes, we do. I mean we just increased from
sixteen weeks to twenty weeks in January twenty four. You
will seem more of this. We need to make sure
that our graduate trekking is on the mark because policing
is changing and is dynamics, so we will do more
and more of this, and we just need to be
transparent and open and say you know what we're searching.
We're looking at other jurisdictions. We are really deliberate about

(32:15):
wanting to put out great police officers. So you will
see more of this not there.

Speaker 2 (32:19):
Do you face what many employers in this economy face
at the moment, getting good people is increasingly hard.

Speaker 20 (32:26):
Well, look for every one hundred applicants we get who
want to join place, we take just under ten, so
our standards are really high. Looks recruitment across the world.
I don't know what it's like the journalism, Mike, but
we're working really hard to get the right people into
the organization.

Speaker 2 (32:42):
It's shocking for journalism. I can tell you that for nothing.
So Mark Mitchell earlier on this morning said it's world class.
You would confer not wanting to get you in trouble
with Mark Mitchell, of course, but you would confer it
as world class, remains world class, and you're confident of
what you do.

Speaker 11 (32:57):
Well.

Speaker 20 (32:57):
I appreciate you not wanting me to get in trouble
with the minister. But look, Mike, we are constantly trying
to be the best we can be, and we know
that we have worked to do. But you know here
today what I can ensure all of New Zealanders. We
just have such amazing police officers on the frontline doing
the absolute toughest jobs they can do. We have work
to do in training, of course we do. Are we

(33:19):
going to be perfect? Probably not, but are we going
to try bloody hard.

Speaker 2 (33:23):
Absolutely good to hear, nice to talk to you, appreciate
it very much Tusha Penny, who was the Assistant Police
Commission At ten minutes past seven related matters, we might
have found a tough judge in what some are calling
a sort of a landmark case in Napier. We've got
a twenty year old man with no previous convictions has
been sentenced to twenty seven months jail after crashing while
under the influence of cannabis. The crash killed one friend
and left another wheelchair bound, the judge stressing the need

(33:44):
for serious consequences for impaired driving. Now, John Unrose a
criminal defense lawyer and is with us. John morning to you.

Speaker 1 (33:51):
Good morning, way.

Speaker 2 (33:52):
Is this unusual?

Speaker 21 (33:55):
I don't think it really is, beause the judge took
a starting point in the sentence of faunat half years
I think for memory, which is within the range for
that sort of offense for two basically one person deed
and one seriously maimed. So I don't think it's that unusual.

Speaker 2 (34:11):
No, that's what we were having a debate off here
as to whether this was the thing or not, whether
we're going to see some sort of change. And because
you start at fifty four, he had twenty percent discount
for guilty please, fifteen percent for you, five percent for
allowing his victims to be heard through the restorative justice process,
and ten percent for the rehabilitative efforts. And by the
time you get to that, you're down to twenty seven,
which is above the twenty four for the two years,

(34:32):
which means you're going to jail, isn't it.

Speaker 21 (34:35):
That's right, Yeah, that's right. It he missed out on
the sort of threshold, which was twenty four months, and
that's probably going to get tougher as well, because if
the starting point remains the same for an offense which
takes place perhaps in a year's time, those discounts, if
you call them, that is going to be kepped at
forty percent.

Speaker 2 (34:54):
Yeah. How someone when when you start at fifty four
as he did. How prescriptive is that?

Speaker 14 (35:02):
It's really not that prescriptive.

Speaker 21 (35:05):
Because it's dealt with by past cases, so there'll be
precedents around that sort of guide the judge in that
fashion as to where he should start at.

Speaker 2 (35:16):
The defense. So you're arguing, for home D, is that
standard as it doesn't matter what's happened, Let's have some
home D.

Speaker 21 (35:23):
Not necessarily. I mean my style usually is if it
gets if it gets close, will try for home d
and other things can get discounts, such as at the
time they were on bail, electronic bail for example, he
might have slipped under, but not necessarily no, but I
will oss after I've done the reductions of my own head,

(35:45):
I'll try for home detention.

Speaker 2 (35:47):
Okay, appreciate your insight. John John Munroe, who's criminal defense lawyer.
Thirteen coming up to thirteen minutes past seven past sailor
to economies, so pressinct properties they did. If you know
Commercial Bay in Auckland, that's a commercial bay. They're now
into the domestic side of the equation. They got a
billion dollars plus worth of new Auckland apartments coming, including
a place called Pillars twenty unit, four levels, College Hillst.

(36:09):
Mary's Bay, very nice part of the world. They're a
big force in the apartment so you think, oh good, excellent.
So a nice big pipeline there. Counteract that with Smith City,
you know, the name business has dropped forty percent from
two years ago. They're not renewing leases on five of
their store So Nelson, Blen and Wellington Parmers to North
Towering are already closed. Wanaka, they're in the process of
shutting up shop. At its height, thirty five shops around

(36:31):
the country. Now they've got eleven. It's the economy. You
don't buy a TV to eat. They reduce staff at
head office, they reduce staff in stores. So they've got problems.
Somebody who's building? So are we bullish or are we not?
The Prime Minister at about twenty minutes time fourteen pass the.

Speaker 1 (36:47):
Hike asking breakfast full Show podcast on iHeartRadio powered by
News Talks at.

Speaker 2 (36:53):
B sixteen past seven, So what a difference a week
can make? Ay? The All Blacks go down to the
argues for the first time at their place, and you
know how New zeal And does handle an all like
lost que the critics on a Monday morning, Sir Graham.
Henry joins us Graham morning, worrying Mike, are we in trouble?

Speaker 8 (37:08):
Nah?

Speaker 2 (37:10):
Good, ma'am. So what do you make on Rick this morning?
It's the dumbest and dirtiest team in rugby? Is that true?

Speaker 13 (37:19):
No, that's it's just ridiculous. No, No, it's a very
evening competition. I think we've probably got a bit complacent,
We've got a bit comfortable. I would imagine after and
reasonably easy. Were in the first Test, I know we were.
We didn't play particularly well and I think they probably
got comfortable. But I think it'll be very good for

(37:39):
going forward against South Africa and to testone. You know,
there's nothing like a New Zealand team that's all black
team that's got beaten. It really galvanizes them and really
focuses them, and I think that's what they require.

Speaker 2 (37:52):
Now.

Speaker 13 (37:53):
We got outplayed and the boys boys said that after
the game. I thought they handled that well. They gave praise.
We were was Juve Argentinian's out played across the park quite frankly,
and we were disappointing. So but going forward is probably
probably good for us.

Speaker 2 (38:13):
The discipline, the rules, the interpretation of the rules. Is
there an issue there or not.

Speaker 13 (38:19):
I think the rule book's too complicated. I think they
should blow it up and start again. Quite frankly, I
think it's a negative and you need to get some
rains together and just simplify the rule book so everybody understands.
Even the players sometimes are dumbfounded by the rulings of
the referee. So no, I think that's something that we'll

(38:40):
Rugby needs to sort out and sort out quickly.

Speaker 2 (38:42):
Okay I haven't followed it closely enough, but the South
Africans Australian scenario with the two different results, are the
South Africans better or the Australians better or a bit
of both or as South Africans Well, what's going on there?
And do we need to worry?

Speaker 13 (38:57):
I think the Asies have got better. Their coaching is
very good. They have improved immensely, which is great for
the game in this part of the world. I think
South Africa gone backwards from last year, but they will
be hugely motivated for the All Black tour. Eden Park
will be massive tests in two weeks time. They've got

(39:20):
They've got the ability, there's no doubt about that. They've
probably got the more depth than anybody else in the
world right now, depth and in talent. But Joe Smithton
and Mike Cron have done a fabulous job with the
Wallabies and they've got their pride back their problem and
they haven't got a lot of depth. So whether whether

(39:41):
they can keep the top team on the park or
a top team on the park is the big challenge
I think.

Speaker 2 (39:46):
So it makes it exciting. SA Graham always a pleasure
appreciate your times for Graham Henry, former All Blacks coach.
So Glenn, I'm correct in saying Glenn's correct so far
one of the right, right, Sam and I had two zips,
so we're wrong, so we're out of the competition.

Speaker 22 (39:58):
I believe.

Speaker 9 (39:58):
I also said I wouldn't be surprised the All Blacks
one the first game in Argentina and second.

Speaker 2 (40:03):
That's good, but you also have us losing two to
South Africa. Correct two and one apiece for Australia.

Speaker 9 (40:09):
Correct.

Speaker 2 (40:09):
Okay, well you're on the track unpatriotic.

Speaker 9 (40:12):
I don't. I don't Hey, I don't want to be right.
Sometimes it's not easy being right.

Speaker 2 (40:16):
Well, it turns out seven.

Speaker 1 (40:20):
The Mike Asking Breakfast Full Show podcast on aheart radio
how it by news Talks.

Speaker 13 (40:26):
It'd be.

Speaker 2 (40:28):
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(40:51):
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(41:12):
the code breakfast for another one of their fabulous free
gifts as well. But eight hundred triple line three oh
nine from about Health asking are we in trouble, Sir
graham Na, That's what I like. I think we still
got that hangover from the period we expect to win everything.
I mean I expect us to win everything, but you know,
sometimes you don't. MPs. Here's the headline, MPs struggle to

(41:36):
identify silver bullet solutions. We speak of banking MP struggle
to identify silver bullet solutions. So so read the headline
Friday as GENETIBS training detailed a year's worth of work
by the Finance and Expenditure Committee that's come up with nothing. Oh,
they made recommendations, don't get me wrong. I mean, imagine
what it would look like if they'd been toiling away

(41:56):
for a whole year and came up with a blank
piece of paper, but without telling you I told you so,
I told you so. And here is the difference between
us and them, right. They entered this particular exercise with
the banks with an ideological or conspiratorial bent the opposition
and their ideas involve public ownership of banks, Marrie banking theories,
all sorts of psychobabble that's got nothing to do with competition.

(42:17):
The government has the Nikola Willis idea that this is
all a scam. The banks are crooks, they're ripping us off.
Now I've argued there is no scam. There is plenty
of competition, and I have become increasingly convinced the issue
really lies in the Reserve Bank and their desire for
retail banks to hold gargantuan amounts of money in reserve
just in case labor. They buy into this thinking, which
is why they appointed Adrian Or who introduced the rules

(42:39):
in the first place. The evidence is all around us.
Ask yourself some questions. Is their choice? Do people swap
banks a lot? Do banks openly compete for customers? Can
you do deals through brokers or directly?

Speaker 5 (42:51):
Yes?

Speaker 2 (42:52):
Yes, yes, yes, yes, and yes. Would more banks help probably,
but there's nothing stopping them opening. So the committee has
no silver bullet. You know why because there isn't one.
Because guess what. The system isn't broken. No, it's not perfect.
It's what happens in limited markets and small populations. As
I've said to Nichola, willis all along. Have you got
an answer?

Speaker 9 (43:11):
Do it?

Speaker 2 (43:12):
Pull the trigger, show us your trick, wave your wand
But one year of searching tells you one thing. If
you look at things with an open mind, you wouldn't
have gone down the rabbit hole. Pasking what he Mike,
did you read Damien Grant's article yesterday spot On about
really happened with our COVID response? Yes I did. It
was quite entertaining what he was referring to if you
missed it is we're re litigating the labor mood. This

(43:33):
as Robertson, Hipkins and Dirn, etc. Who don't want to
front up to the COVID inquiry. What his argument was
is half the country literally fronted up in twenty twenty
and said, oh, we love you, we love you, we
love you so much, come and run in our country.
Now suddenly we hate them. So I take that point.
I worked for Smith's Mike Smith City many many years ago.
They strike me as a business that expands and contracts
all the time, a business that struggles to find its

(43:55):
place in the market. Could Mike Cristuti is a big pipeline,
a major event, electric cabin you sell and sounds, edgere
and etc. And that's before any stadium events are announced.
Why can christ you to get attacked together on events
and other cities can't. What an excellent question. The question
partially is answered by do you want a national strategy

(44:15):
on events or an individual citywide strategy on events? And
never the train shall meet. So there could be something
in that. But I will be talking to the Prime
Minister about that because, as I mentioned over the week
in Sedema Hotel, Brand said, we are desperate their words,
not mine, We are desperate for events. You need a pipe,
you bring events to places people come. So we'll talk
a bit about events with the Prime Minister, Mike, we
all came out of police college with the basics. You

(44:37):
learn most of your skills when you are skills when
you start at the station. It takes good sergeants and
field training officers to make a good cop lance. I
couldn't agree with you more In reading that report, what
becomes apparent and I think the teachers ran into this
thing as well, is there's not enough real world experience.
In other words, just sit in a classroom, theorizing with

(44:57):
a black board or a white board or you know,
thinking about what it might like and be like, and
suddenly you get out into the real world and it's
all help what happens now. Whereas if you get out
into the classroom or into the field more often, you
might get a better response, or you might be more
prepared for what's coming next. So I think there's something
in that, and I think that's one of the tweets
that they're looking to make stand by the Prime Minister
is next on The Mike Hosking Breakfast.

Speaker 1 (45:23):
New Zealand's home for trusted news and views, The Mike
Hosking Breakfast with Bailey's Real Estate Altogether Better across residential
commercial and rural news talks dead.

Speaker 2 (45:34):
B twenty three minutes away from eight Monday morning, it's
Prime Minister time and he is in the studio. It's
again with this good morning to you. Can I just
give you the smallest amount of advice take it a
little bit, but I'm here to help. So I'm watching
you yesterday at your railway crossing and what.

Speaker 9 (45:51):
A stand up that was.

Speaker 2 (45:52):
And so I'm watching at the railway crossings down and
I thinking to myself, so the boots I can forgive
you because you were a spade and I get it,
and you got a nice pair of brogues you don't
want to ruin. So I get that hi versves seems
to be a thing.

Speaker 12 (46:02):
Jack.

Speaker 2 (46:03):
No, No, you can do all of that. But what's
the safety glasses for? What was the problem with the
same What was going to happen with the space?

Speaker 17 (46:11):
I literally get there, I show up, I say hello
to some people, I get handed some stuff to put
on right, and I don't know, I guess maybe as
I put the shovel into the ground where they worried about.

Speaker 2 (46:19):
A stuff and a stone flocking up just so I thought, mate,
you're overly dressed for a space. Yes, I mean, I
mean having a digger. Yeah, I'd get it.

Speaker 17 (46:27):
I think the I think the safety gogles with the
hard hats and the high verse on the test train
ride of the CRL was really quite something.

Speaker 12 (46:34):
So Winston may have had a point about that.

Speaker 2 (46:36):
Okay, now the events Sedema I'm watching over the weekend.
Sedema is in the hotel chain, said Auckland. And so
you've got this two speed economy and we'll come to
the Reserve Bank in a moment. So they're saying we
are desperate for events. If you have events, we will
fill hotel rooms. So I'm reading over the weekend we've
got too many hotels in Auckland. We haven't gotten up
in Queenstown. Is there something that we need to do.

Speaker 12 (46:58):
Yeah, well that's the sort of thing that we're open
to look at.

Speaker 17 (47:00):
And I know Louise Upstin's thinking about the Major Events
Fund in particular because I agree with you. I think
that is something that is genuinely stimulating economic activity versus
rinkerdink you in this point when it's tough in Auckland,
there's a whole bunch of calls for stimulatory spending and
doing stuff you can do crazy cost of living payments
like we saw under the last lot, or you can
genuinely do things like that. And I think we should

(47:22):
rethink our whole major events. And you need to because
it's a pipeline of activity. You've actually got to stuff
it with things that may not pay off just this month,
but actually will pay off in a year or two
ahead as well. And you've got a signal that. So
I've asked for a total rethink on major events. The
model that I looked at was actually I spoke to
about it before as Victoria under Jeff Kennett, they had

(47:42):
a major event every quarter, they had medium events every month,
they had micro events every week. And that's the kind
of thing that we've got to really think about that
major events.

Speaker 2 (47:51):
Are we thinking about it or we're doing it?

Speaker 12 (47:52):
No, we're doing it.

Speaker 17 (47:53):
So Louise Upston is Tourism and Hospitality of us her
to run the major events our fund as well and
think about what more we can do in that space.

Speaker 2 (48:02):
So on Friday we get the banking inquiry. This is
cross party. There is no magic bullet. I've been trying
to say this long, this thing that Nicol has gotten.
I think you've brought into as well as there's some
sort of scam out there in the banking world. Clearly
is not true. They look for a year to find something,
they couldn't find it.

Speaker 17 (48:15):
Yeah, look this, I mean they came out with nineteen recommendations.
Of course, a lot of it was pretty similar to
the fourteen that the Commerce Commission has done with their
market study. Yet we need more innovation open banking, you know,
get rid of some AML stuff that's constraining stuff. Again,
A big thing is really the Reserve Bank of New Zealand's.

Speaker 12 (48:32):
Capital rules review, which is going on.

Speaker 17 (48:34):
They'll announce where they are with their proposals today. Good,
which'll be Do you know what that announcement is? No,
not really, but I know I've I've got a sense
of where it'll go. But I haven't seen the detail
of the report or anything there. But I think you've
seen people say, hey, us and those settings are way
too conservative. Agreement that's actually drives up the cost it
costs rest for agrico exactly.

Speaker 2 (48:55):
The actual problem was Adrian or money for a rainy day.
We know banks are profitable. There isn't a problem. I mean,
you guys have overstoked. That's happened to you. There isn't
a scandal in the banking sector.

Speaker 17 (49:05):
No, But as a government we should make sure that
everything is the settings are as competitive as they possibly
can be. And genuinely, those are things like the open
banking piece of your ability to move your information and
accounts around the fact that banks, when they are praising
you for a loan, should have the same criteria. All
those things don't sound that sexy, but they all add
up to make a much more competitive setting. Obviously, we've

(49:27):
got the five hundred million dollar capital raise for Kiwibank.
That's up to four billion dollars. That creates four billion
dollars more lending. That's ten billion dollars with a household lending.
That's actually quite material in terms of impact that it has.

Speaker 2 (49:38):
One analyst over the week and said, that just makes
another big bank. Nothing changes, So I mean nothing. I
mean good on you. I don't mind if they're big
and they're successful, fantastic, Let them be successful. But if
there's no fundamental core problem with the industry, you tinkering
with it doesn't actually change. It doesn't.

Speaker 17 (49:52):
No, But when you've got fourteen things that have come
out of commerce Commission. When youve got nineteen things that
have come out of a slipt midion inquiry and there
are some and sense things about regulatory settings that we
can adjust, we should do that, obviously, Kee we Bank
can get an in capital. Obviously the Reserve Bank of
New Zealand thinking about its capital rules. All of that
is very helpful, okay, and we should. You know, our
job is to make sure the operating system is as

(50:13):
competitive as it possibly can be by each.

Speaker 2 (50:15):
Sector fair enough. And with the announcement today from the
Reserve Bank, if they don't curtail some of that money
put aside for a rainy day, you're not going to
be a happy prime minister.

Speaker 17 (50:23):
Correct, Corrent, I mean I think the settings have been
too conservative and I think that came through actually in
the Sleet Committee inquiry. When you look at agricultural lending,
for example, it's not just about the capital requirements. It's
also been about the risk assessment that they do as well.

Speaker 2 (50:38):
And so can you can you instruct that because the
argument is that it's a greater risk lending to a
farm than it is to a bloke can pons and
b downtown buying their first house? Is that true or
not in your view.

Speaker 17 (50:47):
Well, I mean it depends, but I mean I don't
think that. I think that's been one of the issues
that we've highlighted as hayllis, and that doesn't all feel right.

Speaker 12 (50:53):
It's set.

Speaker 17 (50:54):
I mean, you're looking at look at the royal economy
at the moment. It's a pretty good place to send on.

Speaker 2 (50:59):
The differences with the reserve money from the Reserve Bank.
That's a specific policy that the retail banks have got.

Speaker 17 (51:05):
To follow corect They've got to hold more capital, which
means they have to pass that on with higher costs
of higher interest rates.

Speaker 2 (51:10):
Seeing the rural community though as a higher risk is
an approach from the retail bank, and that's an attitude.
You can't legislate or regulate attitude.

Speaker 17 (51:19):
Can you know that some of the capital rule settings
have actually led to them assessing risk very differently by
sector and some of that's not right. And so I
think you'll actually see a much I hope you'll see.
All I like to see is actually much more pragmatic and.

Speaker 2 (51:33):
You know what's going to happen. Well, why do you
tell me you don't know what's going to happen with you?

Speaker 17 (51:37):
I haven't center for it, but I'm just saying I
think all of us a number of places. That's come
from so many different places. Hey, listen to these capital
rules that were put in place by Robertson and Awe
actually have actually driven up interest rates in higher cost
of ending this it does need to be revisited.

Speaker 2 (51:52):
Speaking of the Reserve Bank, the other thing that was
fascinating last week was you were busy telling us what
a great day it was because Christian had done another
twenty five points. Why can't you? I know why you can't,
but why don't you because you must be tempted to
say what he really should have done is fifty when
he didn't do a damn thing, when he missed the
whole economy going backwards, and that was his job then,
and he's not doing his job properly.

Speaker 17 (52:13):
Yeah, well, I meet with him once before any of
those sort of announcements happen, and I can often give
my views in that case, but do yep. But that's
me giving my reconds and my perspective. Which but what
was interesting was you would have seen they published that
actually two of the six four voter for twenty five
and so he voted for fifty you know.

Speaker 2 (52:34):
But that doesn't fix your problem. The economy's stall because
he's not doing his part or they're not doing their part.

Speaker 17 (52:41):
Yeah, well, I mean, yeah, well, I hear that frustration.
I get that these but he's also got two more
shots before Christmas, and yeah, too late, and I get
may I get yeah.

Speaker 2 (52:53):
Do you agree with me?

Speaker 12 (52:54):
Well I personally, yeah, I do, Yeah, I do, Yeah,
I do.

Speaker 2 (52:57):
I think And is that what you told him in
the meeting pretty much?

Speaker 19 (52:59):
Yep?

Speaker 2 (52:59):
Right, So that's fine.

Speaker 17 (53:00):
So I can give my views, but I respect the
interpendence of the Reserve under legislation.

Speaker 2 (53:04):
But you're the one who's going to lose your job
next year if the economy doesn't come right because some
people didn't do their job properly at the right time
because they couldn't see a contraction. How you're at the
Reserve Bank and you fail to see an economy going
backwards is beyond me. Yeah.

Speaker 17 (53:19):
We had very strong growth at the end of last year,
or it got stronger in the first quarter of this year.
We hit April Liberation Day, no doubt about it. I
reckon the economy is contracted. Over April June, July, April May, June,
July we're now growing July August the supporter will be
growing again.

Speaker 2 (53:35):
You believe them, So you think you think Q three
is okay, Q four better.

Speaker 17 (53:39):
I think Q two was probably contracted slightly. I think
Q three will be positive slightly, and.

Speaker 12 (53:44):
Q four is looking really good.

Speaker 17 (53:45):
And if you look at that forecast, you know they're
still saying you're on track for two point seven percent
growth over the next average over the next few years,
the two hundred forty thousand jobs.

Speaker 2 (53:53):
And do you know why I don't believe that, because
if we're on growth track, owner God, I hope I'm wrong.
If we're on track for two points in growth, we're
outgrowing Australia.

Speaker 9 (54:03):
Yep.

Speaker 2 (54:04):
So you don't look convinced either, do you? So that
you don't know?

Speaker 17 (54:07):
No, I looked at the Australian budgets and you're looking
at an Australian budget where they're not in surplus for ten years.

Speaker 12 (54:12):
They're talking about.

Speaker 17 (54:13):
A one trillion to one point two trillion dollar deficit.
You're looking at a growth rate that is going to
be really comparable, if not ahead of where Australia is.
That's quite reasonable. So I mean, I get it. But
I think we actually have done a lot of the
right things that we had to deal with to sort
the to take our medicine, to deal with that recession
that was created artificially that was worse than it needed
to be. I think we're doing the right things for

(54:35):
the long term, some of those RMA reforms, educational reforms,
what we're doing on trade and investment. You know, our
exports are up seven to nine percent this year.

Speaker 9 (54:43):
You know, there's a lot of good stuff.

Speaker 17 (54:44):
Going on in the economy, and there's also signs that
activity is coming back to the economy as well.

Speaker 2 (54:48):
Just real quick, the Electricity Authority to announced that investigation.
Where were they last winter? In the winter before, were
they asleep?

Speaker 17 (54:54):
Well, we've had an almighty come to Jesus chats and
stuff since last year series of electricity meetings, factly and
energy because we shouldn't have an electricity problem or an
energy crisis in New Zealand when we've got abundant natural resources,
you know. So yeah, we put a strategic coal reserve
in place to make sure that.

Speaker 2 (55:12):
I'm sorry, but did you put a rocket under the
electricity Authority?

Speaker 17 (55:15):
We've sufficed to say we've had a series of meetings
in my office.

Speaker 5 (55:18):
Yeah.

Speaker 2 (55:18):
The only thing you can do to make me happy
this morning is announced that foreign buyers are going to
be able to buy a house.

Speaker 17 (55:22):
Can it is coming so close? I'm telling you, Mike,
how weeks away? How weeks away?

Speaker 2 (55:26):
How many two or three?

Speaker 12 (55:27):
It could be done?

Speaker 9 (55:28):
Two to three weeks?

Speaker 2 (55:29):
Two to three weeks? Do you know the date?

Speaker 22 (55:31):
Yes?

Speaker 5 (55:31):
I do?

Speaker 2 (55:32):
Is it announced on a Sunday?

Speaker 12 (55:34):
I will make sure you know him in advance.

Speaker 2 (55:37):
I'm available.

Speaker 12 (55:38):
I can't tell you now. I tell you it's coming,
but says.

Speaker 2 (55:41):
Christmas, But it's coming before Christmas? Oh yes, yes, appreciate it.
Prime Minister Christopher lux Than thirteen to wait.

Speaker 1 (55:50):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (55:55):
It'd be ten minutes away from Mike foreign hire a ban.
He said two to three weeks last week, and I
think even the week before that. Then jokes before Christmas?
What's wrong with them? Why can't they actually have a
solution and a timeline on a date. These are all
very fair questions. But I think you're going to be
hearing an announcement before you know it, and it's not

(56:16):
a moment too soon and to the people who go
the house prices will go up because of it. I
don't think that's true. And having talked to a couple
of people in the last couple of weeks in the
real estate market, there are two things to watch out
for when the announcement's made. One is there a flood
of so called foreigners you suddenly come into the country.
We'll be tied to the Golden visa because the Golden
visas a smashit. And if you're putting five up to

(56:36):
ten million dollars into the country to put that amount
of money into the country to come and start a business,
grow a business, buy a business, whatever the case may be,
and then be told to go rent a house or
airbnb is the stupidest thing in the history of stupid things.
So will there be a flood of people all of
a suddenly go, I want to buy a house in
New Zealand. Maybe maybe not, So that'll be part of
that demand thing that we're seeing in places like tourism
for example. Maybe maybe we've lost our shine. The other

(57:00):
thing to note is at what level do they set it.
It'll be multimillion dollars, it might be bespoke. It might
be different in Auckland and Queenstown than it is in
the rest of the country. So for example, it might
be three or four million in Auckland and Queenstown, might
be two million elsewhere, who knows. But the point being
is that will prices overall go up, not necessarily because
a person coming in from America with six million American

(57:22):
dollars to buy a ten million New Zealand dollar house
is not going to affect the first home buyer, are they?
But we will stand by eight minutes away from eight the.

Speaker 1 (57:30):
My costing breakfast with Rainthrowvern News togs dead be Mike.

Speaker 2 (57:34):
Let's say foreign buyer has to buy, say it's four
million dollar minimum, but the house he wants to buy
is only three and a half million. What if they
will still pay four million dollars to make the minimum target. Well,
you're starting to invent the market. What you're suggesting is
people who have done well for themselves in life just
wander around paying a whole lot more for something that
they don't need to pay more. One of the things
I've learned about housing is that that whole line about

(57:55):
oh it's the one. As soon as I saw it.
I thought that's the one for me. Such thing there's
a million houses for you, So I think you're inventing
a market that doesn't exist.

Speaker 22 (58:04):
Mike.

Speaker 2 (58:04):
Don't get me wrong. I prefer this lot over the
other muppets. But you get the impression the Prime Minister
is just telling you what you want to hear. Now,
I don't think that's true. Was that Luxon's resignation note
to say the economy was growing as fast as the
end of last year and was growing better the start
of this year. Is completely at odds with what most
people are saying. No, just to be fair to him,
what is saying and numbers get confusing, of course, and
Q one of this year we went up point eight percent,

(58:26):
more than many thought. Good piece of growth. We liked it.
Q two it fell over. Christian Hawksby and his gang
at the Reserve Bank completely missed that. We all felt it,
saw it, lived it. He missed it. Should have done
more when he did, but he didn't. Q three They
think is growing not much, but it's a bit and
they see some real umph coming in in Q four.
Q four being the final three months of the year.

(58:47):
Of course, my point being the Reserve Bank Governor of
Australia and her assessment last week was busy curtailing the
GDP in Australia at one point seven. So if we're
growing at two point seven next year, which is the
four car by the way, if we're growing at two
point seven and they're at one point seven, we are
outpacing Australia by some considerable margin. So I would take that,

(59:08):
and of course from his point of view, from a
political point of view, if you can get two point
seven percent growth in an election year, then things are
going very nicely, thank you, Mike. The Reserve banks sol
mandate is to manage inflation as legislated by this government
end off, but they're not even doing that because it's
sitting at two point seven rising. They think it'll breach
three by the end of the year. So they've got
next to no growth. They've got inflation because of all
the cost plus accounting that's going on at the moment.

(59:30):
They don't know what to do about it. Economy, Mike.
Next quarter, farmers are spending, tourists are coming for spring
fingers crossed. I'll take a bit of that, right, oh,
Sports time in the commentary box after the news which
is next heard News Togs.

Speaker 1 (59:44):
Edb setting the agenda and talking the big issues. The
Mic Harting Breakfast with al Vida, Retirement, Communities, Life Your Way,
News Dogs head bro no no one.

Speaker 22 (01:00:02):
Come baby says.

Speaker 11 (01:00:04):
A time up.

Speaker 23 (01:00:06):
White Killows have won that right really, Jail Twine King three,
Wayne j.

Speaker 24 (01:00:13):
Jo Full Time Warriors thirty two, That Titans eighty twenty nine,
twenty three and what a sign is He's bouncing Argentina.
They did it in Paramta, they did it in christ Church,
they did it in Wellington, but now they do It's

(01:00:34):
in their capital.

Speaker 9 (01:00:35):
Babe, do get the final say here in York against
the black Ferts.

Speaker 1 (01:00:42):
Has start their camaigne the defense of their world drowned.

Speaker 25 (01:00:48):
We're at empathetic fifty four points to eight victory.

Speaker 1 (01:00:54):
Iris thanked the Monday Morning Commentary Box on the Mike
Husking Breakfast with Spears Final it's supporting Kiwi businesses with
finat Solutions for over fifty years.

Speaker 2 (01:01:04):
Jason pin Andrews haveal good morning to you both morning.
Way are we dumb and dirty? Jason? The way I'm
reading in the paper.

Speaker 23 (01:01:11):
This morning, interesting colin from Gregor Paul, who is a
pretty incisive analyst of the game. Look, I think when
you give up three yellow cards, all of them probably avoidable,
when you give away penalties and kickable positions, then I
guess you can say that you know they perhaps left
a little to be desired. The aerial game will be

(01:01:32):
talked about a lot. Why on Earth can't we compete
in the air? Personnel changes? Are there any coming for
the South African Test? A lot of questions for this
team as they jump on a plane back home.

Speaker 2 (01:01:42):
Right, So let's get it on the record because Glenn's
winning this one so far. Sam and I are wrong.
I said two wins. Sam said two wins. Gleed said
one apiece. He's got two losses for South Africa. He's
got one apiece with Australia. Jason Pine of Wellington, New
Zealand call the rest of the.

Speaker 23 (01:01:57):
Series, all right, one apiece South Africa and both wins
against Australia.

Speaker 22 (01:02:03):
Andrew, I wouldn't be surprised, mate.

Speaker 25 (01:02:06):
Look, yes, the All Blacks are going to have to improve,
and we keep getting told that they're working on their
discipline and the aerial game each week, but it just
isn't improving. So they need to have a big turnaround
on that front. If they can do that, and if
they can play football that doesn't look absolutely confused at
the best of times. I think they could beat South

(01:02:27):
Africa twice here yep, and Wallabies twice, So you say
two and two. I'm not one hundred percent sure about that,
but that's the way I'm leaning if. And the big
if is if they finally improve, because Mike, we've had
five tests this year and there's no sign of overall improvement.

Speaker 2 (01:02:46):
I don't think no, you go, you got the whole
warm into it thing. I did raise you too, and
you will remember I did raise Boden Barracks kicking last week,
did I? Or did I not? And I was I
was poo pooed by. I think you, Andrew, you were
the lead poop poo who goes no, no, And I'm
just thinking, well, what happened there?

Speaker 22 (01:03:05):
Yeah, you missed a few, But again, you can't pine
just on him.

Speaker 24 (01:03:07):
Well you can.

Speaker 2 (01:03:08):
Because and I don't want to kick him in when
he's down.

Speaker 22 (01:03:11):
He got more all over. But there were a couple
of tricky ones from the sidelines.

Speaker 2 (01:03:14):
I'm sorry tricky now are they They're all of a
sudden tricky, are they he left more points, more points
on the table than we lost by. If he'd got
them all.

Speaker 25 (01:03:23):
If you'd got them all over, maybe argent well, Argentina
probably should have scored two or three more tries, but
they didn't.

Speaker 22 (01:03:28):
They could have won by more.

Speaker 25 (01:03:29):
They should have won by more with the amount of
position and territory they had, they should have beaten you
All Blackswy twenty thirty points.

Speaker 1 (01:03:35):
I reckon you all.

Speaker 23 (01:03:37):
Blacks to win the next four tests based on the
first five of the year.

Speaker 11 (01:03:41):
Save. It's a pretty bold claim.

Speaker 2 (01:03:43):
Mate, it's exactually, now I think about it.

Speaker 22 (01:03:45):
You put it that way, Jason, Sometimes we have to
make bold claims. Jason.

Speaker 2 (01:03:52):
Well, it's all on record. It's all on record.

Speaker 22 (01:03:54):
Of course.

Speaker 25 (01:03:55):
On the other hand, it could turn into an absolute disaster.
I heard I heard Graham Henry on with you earlier, Mike,
and I think he was being.

Speaker 22 (01:04:03):
Nice, was he? He's clearly mellowed in his age because
of his all Black team.

Speaker 25 (01:04:09):
Had it been making the same mistakes and not improving
after five TC, he'd be stripping word walls.

Speaker 2 (01:04:15):
Hey, by the way, sir, before I forget, did you
guys open the champagne when you got the the MPC
deal on Friday with Sky Were you very.

Speaker 22 (01:04:22):
Happy about it? Very happy about it?

Speaker 25 (01:04:24):
I think it'll put clearly more eyeballs back on provincial
rugby and hopefully create more of interest.

Speaker 22 (01:04:31):
And more of a feeling around m PC.

Speaker 2 (01:04:33):
I hope.

Speaker 25 (01:04:33):
So there's there's some there's been some okay crowds in
the provinces, but in the big cities that they're not great.

Speaker 22 (01:04:38):
Well.

Speaker 2 (01:04:38):
I saw yesterday I saw some of that Otago game
who they were playing, and that it looked like an
ok crowd to me. Having said, the only reason I'm
fascinated with Free to Wear now is that nine Channel
nine has got the EPL and they had a game
was it Manchester City playing whoever Manchester City were playing?
They had huge numbers. Like you put it on Free
to Wear, there's no denying that it will get highball

(01:05:00):
and interest. So I think that that's probably positive.

Speaker 25 (01:05:04):
If and when we put so Friday night or a
Saturday night game on TV one next year, would you
do that?

Speaker 2 (01:05:12):
What is Coronation Street going? What's happening there?

Speaker 22 (01:05:15):
Coronation Street can go on after the rugby? Can it?

Speaker 2 (01:05:20):
I might be but tanked to carry on with it?

Speaker 22 (01:05:25):
You can stream it. Oh okay, I'll come around and
I'll help you download the air.

Speaker 2 (01:05:32):
Got to talk about the Warriors more in a moment.
Jason Andrew thirteen past the.

Speaker 1 (01:05:36):
Mic Hosking Breakfast Full Show podcast on iHeartRadio, Power It
by News.

Speaker 2 (01:05:41):
Talks Hip News Talks It be quarter past eight.

Speaker 1 (01:05:45):
The Monday Morning commentary barks on the Mic Husking Breakfast
with Spears Finance, supporting Kiwi businesses with finance solutions for
over fifty years.

Speaker 2 (01:05:54):
Jason quick word on the women's rugby. I'm not excited
about Spain. Spain. We thrash, We did thrash them. Is
Inland the favorite and they deserve favorites?

Speaker 23 (01:06:03):
Yeah, yes, and yes, quite overwhelming favorites, I think, Mike.
They hardly ever loseer game. They were very impressive and
they're first up when we seem to be on a
collision course to play them in the final. If we
make the final against England, absolute underdogs eighty two thousand two,
can be a huge day.

Speaker 11 (01:06:20):
But yeah, got to get their first of course.

Speaker 22 (01:06:22):
Okay, hey Mike, just quickly back to the All Blacks.
I think I mentioned it last week. If I was
David Kirk, the new cham and I'd be on the
blower of Joe Schmidt straight away.

Speaker 25 (01:06:31):
Yeah, but not necessarily to work, not necessarily become the
All Blacks coach all of a sudden.

Speaker 2 (01:06:35):
But put him on a retainer, you reckon, Yep, Stroll.

Speaker 22 (01:06:39):
I think he would work.

Speaker 25 (01:06:40):
I don't think he would work with the current All
Blacks test group, but look at what he did in
twenty two to twenty three with the All Blacks.

Speaker 22 (01:06:46):
He can't be lost. And he's on on rugby anyway.

Speaker 2 (01:06:48):
Well, David k David Kirk will be listening to this program.
He'll take Now the warrior is Andrew. I'm revisiting, and
I'm increasingly embarrassed about my behavior in the last up.

Speaker 22 (01:07:00):
We thought they were gone.

Speaker 2 (01:07:01):
No, I didn't think they were gone. They're always going
to make the playoffs and they could maybe maybe not
make the four. But they've turned a corner and that
was a good win. It wasn't just a win. It
was a Titans win and you can't underestimate that. And
I just think that things are coming right. Will they
boot top sides? I'm still not one hundred percent convinced
that's true. But we're bully, I mean, we're top four,
we will finish in the top four.

Speaker 25 (01:07:22):
I think, well when when the last two games? I
think it's the yields home this week, Yees put them away.

Speaker 22 (01:07:28):
Yep.

Speaker 25 (01:07:30):
So yeah they're looking good for the top four. But
will that guarantee they move deep into the playoffs?

Speaker 2 (01:07:36):
Well no, you play the top so so before we
play one, now that's our chance. Imagine. Imagine if if
we play four and we play one and we beat one,
then we come back home, then we come back home.
It's all at that point, it's all on. Even if
we don't beat one, we come back home and it's
all on.

Speaker 22 (01:07:55):
Still. So did you did you see any of the
two games on Friday night?

Speaker 2 (01:08:00):
I saw the highlights of one. But you know those guys,
these guys are all falling over, they're all sort of like,
you know, oh they can't be beaten. Whoops, Yes they can.

Speaker 25 (01:08:12):
They Look, they were those two games. They were sensational games.
They were playoffs. I mean that Raiders Panthers game was
worthy of a Grand final.

Speaker 14 (01:08:19):
Yes.

Speaker 11 (01:08:19):
Yeah, the football.

Speaker 25 (01:08:21):
The football is entertaining, it's it's attacking. So we're not
up and you look at what listen, you look at
what rugby unions become and it's just bash bash bash bash.
Fifteen players fan out across the field bash bash bash
rugby league. With thirteen on the field, there's more room
to move.

Speaker 2 (01:08:41):
I agree with you. You're talking to the converted here, Jason.

Speaker 22 (01:08:45):
I think the four YEP.

Speaker 11 (01:08:47):
I think they'll be in the fourth. We'll beat the Eels,
they'll beat manly.

Speaker 23 (01:08:51):
But the top four and that includes Penrith who currently
I look at the table of seventh, but they feel
like a top four side. The Raiders, Storm, Bulldogs Pan
just feel like a cut above and watching them play
Friday night there felt Having said that, though I thought
the Warriors, I thought the Warriors were good the other
night without being great. They let those two too late Trizon,
which will be I guess a little bit of an

(01:09:12):
annoyance to them, but you know they went there. I
like the way Chanelle, Harris, Devita and Tanner Boyd are
starting to combine. Having Roco bery back made a massive difference.
Roger to vasishek man that guy, I mean, what a
player he is. I like the way they're going. I
think they'll get a fourth who knows from there.

Speaker 2 (01:09:30):
A ton of Boyd and why weren't they using him
earlier when old Luky couldn't kick a ball as he
was doing his bowden impress and couldn't kick a ball
to save himself. Got Pompy, got Boyd, got good kickers,
why not use them?

Speaker 11 (01:09:45):
Well, I think Luke Metcalf is.

Speaker 23 (01:09:47):
I think he's the He was the clear number, the
clear number seven jersey wear until I got injured. So
hard to put Boyd and metcalf into the same team.
But I think Boyds, you know, has come through a
bit of a tough patch. I think he'll he'll continue
to flourish. Look, I'm looking forward to see what happens.

Speaker 11 (01:10:01):
And you're right, Mike.

Speaker 23 (01:10:02):
If they play the Raiders, for example, one v four
go to Canberra, a very hard place to go and win.
You know, all of a sudden you're a game away
from the Grand Finals and that game is at home.

Speaker 11 (01:10:11):
So yeah, anything can happen.

Speaker 2 (01:10:13):
I reckon.

Speaker 22 (01:10:14):
Do they didn't get a playoff at home?

Speaker 11 (01:10:15):
Yes?

Speaker 2 (01:10:16):
They do. If the top four always end up at
home unless you play above. So in other words, four
players one so you go one one is at home obviously,
so once say we come back home, we'll play I
don't know, say seven or eight or whatever.

Speaker 22 (01:10:29):
We're at home, get a good chance.

Speaker 2 (01:10:34):
Damn straight, tell me how many. The only reason I'm
saying this is Vulteri Botas is going to get signed
by Cadillac. I've got Sugio Perez and Voultery Botas. By
the way, if one's back this coming week, so tell
me how many public saunas there are in Finland, either
of you? Go public public saunas and Finland tell me fine.

Speaker 11 (01:10:53):
I would say.

Speaker 2 (01:10:55):
Population population five point five million, so, in other words,
exactly the same population is New Zealand. How many public
saunas in Finland? Sav go?

Speaker 22 (01:11:04):
I'd say a million?

Speaker 2 (01:11:05):
One million, Jason like.

Speaker 11 (01:11:07):
Seven hundred and fifty thousand.

Speaker 2 (01:11:09):
Three point three million. Wow, there's your fun fact.

Speaker 22 (01:11:15):
It's a lot of sweat, isn't it.

Speaker 2 (01:11:16):
It's a lot of sweat, but it's good for you.

Speaker 22 (01:11:18):
A lot of sweat and a lot of eucalyptus oil.

Speaker 2 (01:11:22):
Nothing wrong with that. Nice to see you again.

Speaker 25 (01:11:25):
Do you keep your do you keep your eyes on?
Ears on Vulchery Botas on social media. It is very funny.

Speaker 2 (01:11:30):
He is extremely funny. And what was interesting about Botas
and Sergio Perez is that they were going to go
with an experienced person plus a beginner. Looks like they're
going to go with two experienced, which would make them
the most experienced combination as far as I can work
out in the history of every one for a new side.

Speaker 22 (01:11:47):
Anyway, it's nice to hear from your Mic Happy days, And.

Speaker 2 (01:11:51):
You too, Andrew, and you too, Jason Pine. It is
eight twenty two the.

Speaker 1 (01:11:55):
Mic Hosking Breakfast with Bailey's Real Estate News Dogs. There'd
be now.

Speaker 2 (01:12:00):
Fifty five years ago, a vehicle was born that would
reshape the world of luxury forever we speak, of course,
of the fabulous original rain Driver wasn't just a U suv.
It was an entirely new idea that capability and elegance
could coexist, that a vehicle could be as at home
on a muddy trail as it was outside that five
star hotel. And from the very beginning, rain Drover has
stood for something more than transportation. It's about presence and

(01:12:22):
status and a quiet confidence. It's a name that's come
to mean refinement without compromise, elegance with purpose, a brand
that's earned its place in the driveways of royalty rebels,
taste making and trailblazers. Alike in New Zealand, hit from
day one found a home early embraced, not just for
where it could go, of course, but for what it
said about the people who drove it. In rain Drover
never shouted, doesn't need to because true icons don't follow trends.

(01:12:43):
They defined them. So over the decades it has remained unmistakable.
For fifty five years, rain Drover has led by example.
See for the very best of the best your local
rain Drover retailer today asking, certainly enough, I should mention
Harry Metcalf, who I've got a lot of time for
if you're into cars, Harry's garage. He did his he

(01:13:03):
reviewed his car. He's got a range drove Sport and
he it's a PHEV and he made what I thought
was one of those points you thought, hang on, why
have I never thought of that? So he's done on
average for his first year, seven thousand miles. He does
miles because in the UK, so it is seven thousand
miles in his first year. And he worked out that

(01:13:23):
he did sixty percent of his travel on battery and
forty percent on engine. But he reckoned if he didn't
do so much towing. He does a lot of towing,
he do eighty percent on battery and twenty percent on engine,
his point being that if you're doing twenty percent on
your engine, when you sell your car after four or
five years, your engine's hardly been used. And so are
they are going to be a whole pile of cars

(01:13:45):
in the car market with a comparatively speaking unused engine.
And is that a waste of an engine? Or what
do you do with a car? Or does the car
age more slowly? And because none of us know what
happens to a battery and after I don't know six years,
whatever it is, is the battery shot, is it still usable?
Is it still very usable? And if it is very usable,

(01:14:07):
you've still got this largely unused engine. And therefore, are
you're going to be driving your car forever with an
engine that's barely used if you're running eighty percent on
battery and twenty percent on your engine, And that's a
lot of money to go into an engine or a
thing within your car you're not using. He loves the car,
of course, being a rain driver, and it's plagued. H
But I just thought it was interesting and I hadn't
thought about, you know, given you've got two means of

(01:14:28):
transportation and you're using one means a lot more than
the other. The Other's quite an expensive thing to have
in there and not really being used, isn't it? A
lot of anngs still between Australia and Israel at the moment.
Penny Wong had to go over the weekend see price
on this and other matters after the News, which is next.

Speaker 1 (01:14:48):
The breakfast Show, Kiwi's Trust to Stay in the Know,
The Mic Hosking Breakfast with Raindrover leading by example, News
Togs Dead b Mike.

Speaker 2 (01:14:58):
The issue with the petrol electric is the petrol engines
don't last as long as the engine predominantly runs cold
when most of the where and damage occurs. Do you
think that's true. I'm not sure that's correct. Cadillac might
need to minimize costs and keep developments. Experienced drivers can
hopefully keep the cars on the road and not in
the barriers. Means more miles and dafter. That's actually a

(01:15:18):
very good point. And in reference by the way to
Finland which I mentioned with the lads at three million,
there's over three million public saunas in Finland. They put
it down, they reckon at least it's a very interesting
article over the weekend. It's one of the happiest places
on earth, Finland, that whole Scandinavian thing, and they basically
live the same sort of lives. They eat a lot
of fish, they have a lot of sunlight and summer,
and they do a lot of saunering. They put that

(01:15:39):
they think that that's probably a major reason why they're
run some of the.

Speaker 9 (01:15:42):
Heavy so pub public sauna, so people are going on
and paying to go into a section, and there's three
million of them.

Speaker 2 (01:15:48):
There's three million, over three million in a country a
five point five million. Everyone's got a sauna and most
of them are public and you go along and a
lot of meetings they were telling a lot of meetings
are done in saunas.

Speaker 9 (01:15:58):
Difficult to take notes, I would have, And a lot of.

Speaker 2 (01:16:00):
Politics is done in saunas. You've got to wear something
in public saunas generally it's done naked, but in a
public sworn you've got to wear something. But a lot
of meetings, a lot of politics, and in the West
it's seen has been a sort of a solo effort.
Were as very unusual in Finland to sauna by yourself
and that's where the camarader in the community spirit comes along,
because people go along and thinks are the growth. I

(01:16:21):
looked up as a result of that article. I looked
up public saunas or communal saunas in this country. There's
actually quite a few of them, and there are businesses
that run and there was one I won't name them,
but they had a They've got a series of public
saunas around the country. But then I looked at the
photo and it was a photo full of people in
the sauna, and there was about two that.

Speaker 9 (01:16:40):
Would make me exactly unhappy. I don't agree more happy.
I could have been more unhappy. I looked, I looked at.

Speaker 2 (01:16:45):
The twelve or thirteen people in the sauna, and I went,
do I want to be in that room really tightly
squeezed in with you? And the answer was no, I don't.
Twenty one tonight.

Speaker 15 (01:16:55):
International Correspondence with Ends and Eye Insurance, Peace of Mind
for New Zealand US.

Speaker 2 (01:17:00):
The Tasman to the place. Very good morning to you.

Speaker 8 (01:17:03):
I'm not sure I need to hear about nakedness in
the sauna at breakfast time.

Speaker 2 (01:17:07):
No, no, so, my sincere apologies about that. The Coalition
and knit zero. So this goes back to what I
what I'm finding interesting about this is you've got you've
got these smaller parties on the outside going if you know,
come on over here, if you don't like this whole
knit zero obsession, come over here, give us your vote.
So the coalition seemed to have problems with us.

Speaker 8 (01:17:27):
They do, indeed, And the one person who hasn't forgive
my voice, I'll go back off. The one person has
a real problem is Susan Lee. She went up to
the Queensland. So in Queensland, the Liberal National Party are
one party, they're not a coalition. So it's the NP
in queens and they had their annual conference. It was
on the weekend. Susan Lee stood up and said, you know,
the coalition if it wants to get re elected, has

(01:17:49):
to modernize, broaden hour appeal in order to back voters.
After the result in May, Well, that didn't go down
all that well because the LMP in Queensland voted over
Welming to walk away and dump net zero. Net zero
was signed up in Paris for the Morrison outfit. And
there's a clear division within the Liberal Party in particular

(01:18:12):
that those on the right don't want to be signed
up to net zero. Those on the left want to
stay there and believe that they have to do that
if they want to get re elected. So this is
just going to cause huge problems when you're consider that.
In the LNP in the Parliament, you've got people like
David Little Proud, the Leader of the Nationals. You've got
Matt Canavan, a Senator from North Queensland, some quite influential

(01:18:34):
MPs for Queensland to walk away, as WA has, as
South Australia has. Susan Lee is the of the left
in the Liberal Party. I would think her leadership is
under a serious challenge right now.

Speaker 2 (01:18:48):
That's aside, are they in any way, shape or form
done anything post election towards renewing themselves.

Speaker 8 (01:18:57):
She's trying very hard. She's in the media a lot.
She's travel around the country. You might know she's a
piloting flylight plane. She flies a plane around the country
visiting people. But no is the answer, not at all.
Labor is just monstering them day after day after day.
Parliament resumes today and you can bet in Question times
somehow labor will get mentioned in that zero.

Speaker 2 (01:19:19):
In there now Cinderellen, I thought you told us that,
just Cinderrellen. Despite the fact she was going to make
a law for work from home, she can't actually do
it because that's more a federal thing than a local thing.
Is that not true?

Speaker 8 (01:19:30):
It is true, But she's going to push ahead and
try and do it.

Speaker 13 (01:19:32):
And there is.

Speaker 8 (01:19:33):
Analysis this morning that if you enshrine working from home,
that is, she wants people to be able to tell
their bosses, I'm stay at home for two days a week.
I don't care what you think, and you can't tack me.
There is an assessment on tax.

Speaker 4 (01:19:46):
Now.

Speaker 8 (01:19:47):
Currently your primary place of residence is tax free, you know,
I mean you don't pay tax on your own property.
But a tax lawyer has said if you guaranteed working
from home, so you're going to have a home office,
presumably you could then face land tax bills if you
take this up on a permanent basis, so you'd be
paying Currently you don't pay land tax on your principal property.

(01:20:08):
You pay rates, but if you turn it into an office,
then this tax expert says you would be paying tax.
Permanent working from home arrangements would trigger that tax, especially
for freelancers. Or contractors who are mainly the sort of
people who actually want to work from home. So again
I'm pretty confident you won't be able to get this up,
but with the Allen government you're never quite too sure.

Speaker 2 (01:20:30):
I'm reading over the weekend. So the guy who was coming,
the Israeli politician Rothman, who was coming there for a
visit god is visa renewed, and he had a crack
nit Nya, who's had a crack, I know that Wang
had a crack back at them. As this goes nowhere,
good does it?

Speaker 7 (01:20:46):
No?

Speaker 8 (01:20:47):
The person who had the biggest practist, Tony Burker, course
has got a massive electric in Sydney that is highly
Islamic Muslim population voting for him, and so he really
got stuck into Netnya who had called the Prime Minister
Anthony Alban easy week and Tony Burke came out last
week and said, well, strong leaders don't make themselves strong

(01:21:08):
by bombing innocent people and killing and starving people with
a famine. So the left is really very agro in
this space. This politician's being banned is not allowed to come.
That means that Australian in Israel, people who were a
part of the Palestinia Authority representing Australia in Jerusalem have

(01:21:32):
now been kicked out of the country. The relationship between
the two groups couldn't be worse. I don't know if
you saw the pictures of the weekend. There were massive
rallies in Brisbane, estimate of fifty thousand people there. Police
said it was ten. But there were big rallies in
Sydney and big rallies again in Melbourn which happened.

Speaker 2 (01:21:48):
Well, what I mean, no one can owns what's happening
with the starvation and the misery. But you're walking down
the main street of Brisbane. What do they think is
going to happen that Nita, who's going to wake up
and go oh no, will stop the war? Thanks for protesting?
I mean, what a wasted time.

Speaker 8 (01:22:04):
It is a waste of time. And you don't see
anyone protesting about what Harmask did and suggesting that Harmas
lays down its weapons, it releases the hostages and stops
the killing. I mean, if you want to stop the
Isra what Israel is doing in Gaza, Harmas is the
key to stopping that until Harmas is completely destroyed and
that YO won't stop it's just a waste of time

(01:22:24):
those protests.

Speaker 2 (01:22:25):
All right, mate, rest up well and we'll catch up
on Wednesday with you. As Steve Price out of Australia,
I will come back to this. But they've got this
battery scheme in Australia now, and I was talking at
the bosses just installed solar at his house to heat
his pool and he's very, very happy with proceedings on
the heating of his pool as roof got to sixty
degrees over the weekend and it's going up six degrees

(01:22:46):
a day, not continually, of course, because eventually that would
turn it into a spar pole and that's not what
you want. But it goes up six down six, up,
six down six. So it's pretty happy with things at
the moment. But they've got this battery thing going on
in Australia that may well come here anyway more in
a moment.

Speaker 1 (01:22:58):
Eight forty five the High Asking Breakfast Full Show podcast
on iHeartRadio, Howard By News talks.

Speaker 2 (01:23:05):
At b Yeah, it's a smash it this rebate scheme
that got going Australia. They're ridding the equivalent of South
Africa's Big battery to the grid. Every eight point seven days. People.
It's gone off like a rocket, so to speak. So
projected to lift the renewable energy share of the power
supply by four point five percent above the market operator
estimates by twenty thirty, by nine percent by twenty thirty five.

(01:23:27):
It's called the Cheaper Home Battery program. They're installing fifty
megawat hour's worth of batteries per day, or about five
times more than added on the average down twenty twenty four,
two points seven times higher than the previous projected it
would be by twenty thirty five. So people are loving it.
Once you can store it, I think that's the key.
It's all very well doing your renew renewables at your
house because soul has been reasonably popular in Australia because

(01:23:49):
they got a lot of sun in that particular part
of the world. But of course unless you can store
it for a later use, it's not as useful as
it could be. So you've got this huge surge in
clean power and the next point, and they sort of
already ran into that in certain states already, and that
was as solar became very popular, the energy companies lost customers.

(01:24:12):
So originally the idea was you get solar and whatever
you had left over because you couldn't store it because
batteries were in their infancy, So whatever you had left
over you gave back to the grid. Now, then the
grid worked out that because you had a lot of
people on solar, they didn't have any customers, so suddenly
they didn't want to pay anymore, so they stopped paying you.
So then you had just spare power. Then they're now
worrying about the people who are no longer customers. They

(01:24:34):
don't have a big enough customer base. So by the
time you add batteries to this, the picture for large
power companies I thought was would be somewhat suspect. But
that's their problem, not ours, morning, Mike. You still need
to service every ten thousand k's is back to the
PHF thing. You still need to service every ten thousand
k's oil and the petrol engine looks like new, very
low use. But when the full EV batteries were out,

(01:24:56):
you essentially have a hybrid.

Speaker 9 (01:24:57):
Is that what it is?

Speaker 2 (01:24:58):
I don't think we've got to that part. Do we
know that for a fact, because batteries haven't run out.
Batteries haven't been around long enough to run out. Yet
have they? But most people serve us their carab annually anyway,
don't they. You do it on time, not necessarily miles.
You do it on miles if you do a lot
of miles, But if you don't do many miles, you
do it on time, Mike, Finland might have a sauna
in every corner, but New Zealand's got a laundromat on

(01:25:19):
every corner. Whatever happened to everyone having their own washing machine?
Somebody told me once, and I can't remember who it was,
that if you want to invest, laundromats are good, and
there's good money in laundromats. I would rather shoot myself
than go to a laundromat. For the main reason that
you were stuck time wise for god knows how long.
So you put your money in the machine, and you

(01:25:40):
don't want to leave the thing, because of course someone's
going to indict your washing, so you've got to stay.
So you put your money in the washing machine. So
you wait, wait, wait, wait, wait, wait, wait, wait, wait
and wait, find and finished. Then you get stick it
in the dry and then you wait wait. I mean,
how many hours you're waiting for for a couple of
bucks to wash.

Speaker 9 (01:25:56):
And dry, so they combine them and may have a
laundromat and then you get all your communal.

Speaker 2 (01:26:03):
You need a window, like most suns have a window.
You need a window from the sauna to see your
washing machine, because there'd be nothing worse than stepping out
naked to see the guy nicking off with your washing.
But it's not a bad idea. Synergies is what you're
talking about. There isn't it. In fact, you could recycle
the heat and the whole things. Yeah, it's a circle.

Speaker 9 (01:26:21):
Basically, it events itself.

Speaker 2 (01:26:23):
All the bright ideas on the my Hosking Breakfast nine
to nine.

Speaker 1 (01:26:27):
The my Casking Breakfast with a Vida, Retirement, Communities News,
togsad be.

Speaker 2 (01:26:32):
Remember the school lunch drama? Was it a year ago?
Less than a year ago. It was a disaster. It
was carnage. David Seymour was the devil. The food exploded,
kids were dying, the food never turned up. It was
like every night. It was just a calamitous mess. And
you notice how you don't hear about it anymore. You
know why because it works. And here's your update. Thirty
supplies of applied to deliver are the next bunch of

(01:26:55):
non intermediate primary school teachers because remember they saved money
and they fed more kids. Government put out a tender.
There's one hundred ninety six contributing schools which have pupils
up to year. Sex supply is going to be announced
in October, but thirty suppliers have But so therein it
suddenly works. It's amazing, isn't it. It's the end of
the world when it's not working. When it is working,
you never hear from it again. Five minutes away from nine.

Speaker 1 (01:27:18):
Trending now with chemist Warehouse Great Savings every.

Speaker 2 (01:27:23):
Day World Tree Hugging Championships in Finland over the weekend,
of course, forgot to mention that along with the saunering.
But the trick is you hug as many trees as
you can in a minute. You've got to hold each
hug for five seconds, and the feeling of your love
of nature must be conveyed in the hug, and also
the overall creativity with your hugs, so you may be

(01:27:47):
like a hand round the back for a bit of
a tickle up.

Speaker 9 (01:27:49):
So it's sort of a we've got a sort of
a gymnastics synchronized swimming sort of situation here. Maybe wrap
a leg round it where it's not just the technical aspects, it's.

Speaker 2 (01:27:58):
The it's the emotion.

Speaker 9 (01:28:00):
Take fleaar.

Speaker 2 (01:28:02):
Would you grind a bit or not? Really? Would that be?

Speaker 9 (01:28:05):
I don't know if you get points on the points
off for that to be honest?

Speaker 26 (01:28:08):
Anyway, there's a video oy yoi that is that is
also excellent double hugging. These are all counted as long
as they're five seconds. It's time for the last seconds
of this hug because we're well over one minute already and.

Speaker 23 (01:28:29):
Uh just sneaking a hat with an extra average point.
So they scored forty two point five.

Speaker 11 (01:28:36):
It was Auntie and Matty.

Speaker 2 (01:28:43):
It sounds like Michael Taylor doing it similar, don't they?
And doesn't sound like there's a lot of people there
and do a lot of finished people go oh, you're YOI?

Speaker 9 (01:28:52):
Is that they were too busy in the sawner, aren't they?

Speaker 2 (01:28:54):
They could be that anyway. They Antie and Matty one
a one week stay for two in Levi and a
private acooning trip for two in the Paliuu in the
Halipoo Forest. They're going to receive a foraging and food
experience as well in the Arctic nature by Antarctic Frontier
and if you want to enter that, and who doesn't
after listening to that, oy Oi is you've got to

(01:29:16):
win a local competition. You can't just go straight to
the nationals. You've got to go to the local competition.

Speaker 9 (01:29:19):
Get only there was somewhere in New Zealand where they
grow trees.

Speaker 2 (01:29:23):
Yeah exactly. I mean, go go out and practice today,
Go and you know yourself with a tree today and
see how that goes for you. And you can join
Anti and Mattie next year, next year at the tree
hugging contest. All of that's true, All of that actually happened.
I didn't make up.

Speaker 9 (01:29:38):
Matty was on top of Anti Bitch.

Speaker 2 (01:29:41):
Anti doesn't surprise me. Happy Days.

Speaker 1 (01:29:45):
For more from the mic Asking Breakfast, listen live to
news talks it'd be from six am weekdays, or follow
the podcast on iHeartRadio.