Full Show Podcast: 26 August 2025

Episode Transcript
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Speaker 1 (00:00):
Your source of breaking news, challenging opinion and honors. Backs
the Mike Hosking Breakfast with Veda, Retirement Communities, Life, Your
Way News, togs Head, been.

Speaker 2 (00:11):
Wedding and welcome Today the Reserve Bank changes their mind.
We got new insight into the retirement savings at the
growing gaff A TV instead going pay per view for
this World Cup football, Mark Winterbottom, Supercow's great and for
Chat after Right and of Brady catsman Field. They bring
a European flare to proceedings. Pasca good Tuesday morning, seven
past six. Now question for you, has the Penny Dropp day?
No shortage of headlines and news coverage yesterday out of

(00:33):
our interview with the Prime Minister on the Reserve Bank,
so in a nutshell luction suggested Hawksby Blewett should have
could have moved faster on the cash rate. This is
news not because the PM is right. We all know
he's right, but there is a convention whereby because the
Reserve Bank is independent, you don't bag them, especially if
you're a politician far less the most influential politician. But
here's why Luxon was right and deserves recognition for what

(00:54):
he said. There comes a time when you've got to
say what you got to say. You can't dance around
convention about becoming conventions victim. There is just too much
of a people who can't have a go at judges
as another good example. By tiptoeing around the truth, we
invite complacency and accountability becomes woefully lacking. The cold hard
politics are at play as well. Christian hawksby and as

(01:15):
Gang of Monetary Committee wants aren't up for reelection next year.
And believe me of lux and wanders the countryside telling
us he wished the cash rate was lower faster, he's
not going to get any sympathy. The extreme, of course,
is somebody like Trump, where you call for sackings occasionally
you actually do some sackings. We don't need to be
that unhinged, but it is unfairly restrictive for a government
to cut spending, cut red tape, change rules and laws,

(01:37):
trim jobs, cap councils up in the rima get the
fast track going. In other words, work your butt off,
pulling every lever they can to fire the joint up. Meantime,
old the old dumpty doos on the terrace can't see
a contraction when it smacks them in the face and
stare the economy through an aptitude. Also, quite apart from
anything else, we like strong leadership, don't we. We like people
telling it like it is. At luxm has had a weakness.

(01:58):
It might be he's just been a bit corporate age,
bit polite, but nice. Hopefully yesterday was the start of
something new and more strident, and with it a few
more people are held to open public accounts.

Speaker 3 (02:11):
News of the world in ninety seconds day.

Speaker 2 (02:14):
In America, and come on, and the president of South
Korea who is in Washington for some yellow chair chat,
but don ready to give him a going over.

Speaker 1 (02:21):
Well, I heard that there were raids on churches over
the last few days by the new government in South Korea.

Speaker 2 (02:29):
That they even went into our military base and got
information and fish probably shouldn't have done that, but I
heard bad things. I don't know if it's true or not.

Speaker 3 (02:36):
I'll be finding out.

Speaker 2 (02:37):
He also has domestic matters on his mind. Washington, Baltimore,
New York, Chicago. Have troops, will travel.

Speaker 4 (02:42):
We have a full complement of great human beings, well full.

Speaker 5 (02:49):
You know, our military is full.

Speaker 6 (02:51):
We were way empty, so we can go anywhere on
less than twenty four.

Speaker 2 (02:56):
Hours now, laser Manter's kill mar Garcia, he's the block
lay to pull to well. Selvador then brought him back
for a bit of law and order processing. Anywhy has
handed himself in this morning device.

Speaker 7 (03:05):
The only reason that they've chosen to take him into
detention is to punish him, to punish him for exercising
his constitutional rights, his constitutional right to fight back against
being illegally deported to US. Salvador, his constitutional right to
speak up on the torture and treatment that he received.

Speaker 2 (03:20):
To the Middle East. Will ISRAELISO managed the Bomba hospital.

Speaker 8 (03:24):
As a professional military committed to international law, we are
obligated to investigate our operations thoroughly and professionally. As always,
we will present our findings as transparently as possible.

Speaker 2 (03:37):
Bob Jurna is recorded up on that eld Juzero reckons
they're being targeted.

Speaker 9 (03:40):
We've lost our colleagues Anecesaries and Muhammad Kreta days ago
nearby at Schifa Hospital. So we're talking about a crime
against journalism against committed again.

Speaker 2 (03:56):
Then in Britain, growing fear that Chancellor Rachael reeves basically
the num A clue what she's doing. Debt is ballooning
and they're in real trouble.

Speaker 10 (04:02):
This is a problem which has actually been persistent. It's
not just a UK problem. The UK is probably at
worse than most other people. The government's spending more than
its collective savings. The UK collective savings are not covering
the cost of the government's deficit at the moment, and
we think that's going to come to a crisis at
some point.

Speaker 2 (04:18):
And do we'll check on that within the lightly find
the Irish rail cracking down on training etiquette. No more
beer baiting, so that's when people play the music without
the headphones. There's now going to be an etiquette fine
of one hundred euros. You'll also get fined if you
bait or you put your bags or your feet on
the seat. Here's the world of ninety Actually, you poll
out this morning on Starmer and Reeves forty three percent

(04:38):
think she should be sacked, just nineteen percent think she
should stay. So as I say, ended with us after
eight thirty this morning, eleven past six.

Speaker 1 (04:48):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talk.

Speaker 2 (04:53):
Zippy Monday in Hong Kong yesterday and Evergrand was taken off.
The mar could have been coming for a long period
of time once China's big as retail firm, of course,
but they sunk under about one hundred and something billion
dollars worth of debt, so they got pulled off the market.
So that's the end of the m fourteen parts The
best things in life from Jmi Well Dansraquella her good morning,

(05:16):
very good morning, A little bit of life in the
old retail A.

Speaker 11 (05:19):
Here's a little bit of a surprise stats.

Speaker 12 (05:23):
New Zealand released yesterday retail trade data for the second quarter.
Now we do get high frequency data around spending, that's
through those electronic card transaction monthly data that we talk about.
They'd looked quite weak data yesterday's from the quarterly retail
trade survey, and it's come hot on the heels of
the RBNZ looking to deliver more monetary policy accommodation.

Speaker 11 (05:45):
That was driven by high level of surplus capacity.

Speaker 12 (05:49):
In the economy, and that environment now transpires that retail
sales have taken a little lift. Total volume of retail
sales increased zero point five percent of the June quarter
compared to the March twenty twenty five quarter. Now, Mike,
these figures are adjusted for inflation, they are season adjusted,
so there's nothing funny going on in the background there.
And the zero point five percent lift MIC is quite

(06:11):
a bit higher than what was expected consensus essimates for
a small fall zero point three percent.

Speaker 11 (06:16):
So look, it's only a modest lift, but it is
a lift.

Speaker 12 (06:18):
And what makes this interesting, MIC, is that there are
some feeling negative expectations for that Q two GDP figure,
the growth figure, and this figure is suggesting maybe those
expectations are well, maybe a little bit too pessimistic. Will,
of course find out when we get the GDP figure
in September. Eighteenth September, I think, is the date the
rb INST have estimated that GDP at minus point three

(06:41):
percent annual growth.

Speaker 11 (06:42):
In these retail sales numbers two point three.

Speaker 12 (06:44):
Percent, Mic, Look, if you look at them on a
per capita basi's always interesting to do that they're only
at one point six percent year on year, And it's
sobering to me to note that per capita spending is
the thick end of nine percent below the peak in
twenty twenty one, So four years on, we're still quite
a way behind where we were four years ago.

Speaker 11 (07:05):
Look at the detail.

Speaker 12 (07:06):
Might there are some interesting I suppose forces or details
going on in the background. You look through the numbers
of the rural economies in a different place than the
urban economy, which we will know. There's also some evidence
when the arby spoke the other day, there's some evidence
of dissaving.

Speaker 11 (07:21):
In house also, households eating into their savings.

Speaker 12 (07:24):
So some of this extra spending could come from people,
you know, diving into their savings. The other thing is
fuel prices have fallen, and that creates some capacity for spare,
for discretionary spending elsewhere.

Speaker 11 (07:35):
There's also a slightly.

Speaker 12 (07:37):
Puzzling lift in the start and a great big lift
actually and spending on electrical appliances. It's up fifteen point
two percent year on year and four point six percent
of the course.

Speaker 11 (07:47):
I'm not quite sure what's going on there, but Mike.

Speaker 12 (07:50):
There is a bit of collective head scratching about the
place as to whether this retail sales.

Speaker 11 (07:56):
Outcome is an anomaly, or maybe we aren't as.

Speaker 2 (07:58):
Deep in the dolphins Christian was right after all, Maybe
we'll all have to apologize. Tell me, turners, they've got
to have a good news story. They always have a
good news story they do.

Speaker 12 (08:07):
Actually, there was an absolute host of company announcement yesterday.
We can't cover them all, but let's have quick look
at some. Yeah, Turner's Automotive Group void of course by
the very well known tenor from Turner's campaign, issued a
profit guidance knows its yesterday going the right way upput guidance,
reaffirming the guidance they gave at the recent Angel shareholders meeting.
I love looking at Turner's look. It's been a great

(08:28):
twelve months for shareholders there share price that is up
fifty six percent MIC over the last twelve months.

Speaker 11 (08:33):
How good is that?

Speaker 12 (08:34):
So the twenty twenty six VERST half year expect to
be ten percent higher than the half year the corresponding
half year in twenty twenty five that was a record,
So another ten percent hind in the record strong growth
and finance book in the first four months.

Speaker 11 (08:47):
Insurance going well.

Speaker 12 (08:49):
They're confident their growth paand despite macro conditions remaining what
they call patchie, they're aiming to have a sixty five
million dollar net profit before tax in the twenty twenty
eight year and they are ahead good of that schedule.

Speaker 2 (09:02):
Good on them. Steal and tube notts of flesh.

Speaker 12 (09:04):
Now a tough year for them, macro conditions not being
conducive to steel demand. They've reported a twenty four point
four million dollar loss as the economic conditions being pointed
out as challenging. Revenue took a big hit, ninety three
million dollar hit to their revenue.

Speaker 11 (09:19):
Actually, but they are trying to cut.

Speaker 12 (09:20):
Costs in the background, and I thought it was the
CEO Mark Malpas said they are seeing early signs of recovery,
which is good, and expect activity to improve in the
twenty six financial year.

Speaker 2 (09:31):
Scale's good though.

Speaker 12 (09:32):
You gotta love this apples gazle posy apples. Yeah, let's
finish on a high, strong result. Their share price up
thirty four percent in the last twelf month. Actually, a
further lift in their guidance for the financial for the
final result of their twenty five financial year, fifty percent
increase in earnings. They're beating analyst expectations as it's all
coming out of the horse Belt division. They're developing these

(09:53):
new these new apple varieties and the premium varieties are
the ones that going well.

Speaker 11 (09:58):
Absolutely wonderful result that m.

Speaker 2 (10:00):
Right numbers please.

Speaker 12 (10:01):
Yeah, So the US market just coming back from that
euphoria they got after after Jerome Powell intimated that they
could be looking at a change.

Speaker 11 (10:10):
In montro positle some cuts in September.

Speaker 12 (10:12):
The Dow Jones down two hundred seventy three points forty
five thousand, three hundred and fifty nine point six percent,
the S and P five hundred down nine points sixty
four five seven, and the NASDAK just slightly in positive territory,
up twenty.

Speaker 11 (10:24):
Five points two one five two one.

Speaker 12 (10:26):
The FORTSWO one hundred gains twelve points over night point
one three percent. The nick was up the point four
percent forty two thousand, eight hundred and seven. Checko Compasse
had a good day, actually up one and a half
percent three eight eight three.

Speaker 11 (10:38):
The OSSI's Yesterday.

Speaker 12 (10:39):
Gained five points eight nine seven to two, and the
Enzidex fifty game thirty seven points point two eight percent
thirty thousand, seventy nine Kiwi dollar point five eight five
nine against the US point nine O two too, Ossio
point five oh three zero, Euro point four three four
five against the pound eighty six point four to three.
Japanese Yen gold three thousand, three hundred and six seventy

(11:00):
two dollars and Brent Crude lifting up a little bit,
actually sixty eight dollars and ninety three.

Speaker 2 (11:05):
Cents so tomorrow. But Andrew kellahe jomowealth dot co dot
m Z tasking Corus back into profit, will take that
they saw a possible pick up in the economy, but
not until early twenty twenty six some hope. In fact,
tourism holdings have had a tough old time with the
camp of vans and stuff like that. They say they
are back on the road to recovery as well, So
that's encouraging. And this time yesterday we're telling you about
the basketball card, the Kobe Bryant Michael Jordan card. Turns

(11:28):
out Kevin O'Leary, who's a very high profile investor, turns
out to be one of the buyers yesterday, one at
three buyers who paid the thirteen million dollars. He doesn't
think it'll be back on the market. In his one
time six twenty one reviews Talk.

Speaker 1 (11:39):
Zed bet Wow, the Vike Asking Breakfast Full Show podcast
on iHeartRadio, Power by the News talks.

Speaker 2 (11:51):
At be Mike ree the retail result, surely the high
food prices meant we spent more Andy Andrews that they
were inflation adjusted, so they do take all that into account.
So it's a genuine lift and spinning which will take Mike.
The really alarming thing is there are six hundred dumpy
doos on the terrace. You don't have the pulse of
the economy. This is back to the Reserve Bank, which
is true, Mike, take it easy on the ocr and

(12:12):
the Reserve Bank. We've got to get the adults back
in the room, all stuffed it up big time with
this radical cuts and prime primping. Yeah, but the problem
is the same people who were there with all are
still there now and they're actually running the place. By
the way, we've got the chair of the Reserve Bank
Neil Quickly and after seven o'clock this morning Spotify they're
going to raise their prices all over the world, So
if you think you're going to get away with that,

(12:32):
you're wrong. So music's going to get more expensive. And
that thing with the South Korean president we started with
this morning, there was some suggestion that it could get
a bit angsty, and Trump was busy jaw boning the
business of churches, but what he was actually after is
for South Korea to pay more for the military military
basis huge amount of money the South Korean's handover at
least a billion dollars Camp Humphreys. And this is all

(12:53):
to do with China and Taiwan in that particular part
of the world. Of course, it doesn't seem to have
been a problem. Things seem to have gone well.

Speaker 1 (13:00):
Six twenty five trending now Warehouse, You're one start for
Father's Day fragrances.

Speaker 2 (13:06):
Speaking of Asia. Chinese film. It's an animated film. It's
called Nijha too. You might have heard about. It's about
Chinese mythologist.

Speaker 3 (13:16):
Immordel Mo Demon.

Speaker 6 (13:19):
You are my Son's time to cut you down to nine.

Speaker 2 (13:28):
He's not exactly your average kid.

Speaker 5 (13:33):
She must be prayed to walk your own.

Speaker 3 (13:39):
We will say my desday. Wait before you leave, will
you give your mama one must be houk.

Speaker 2 (13:50):
Come on, come watching. This is the English language version.
Michelle Yo stars in. This came out in China and
January fifth highest grossing movie of all time, just behind Titanic.
Got a boost given a lot of school, state owned companies,
governing entities, et cetera organized group viewings because they saw

(14:11):
this as like a milestone for Chinese animation took a
month to pass Inside Out two as the world's highest
grossing animated film, also first non Hollywood film to go
past the two billion dollar marking global earnings. Most of
that came from China. And this is why this thing's
a story. Most of that money came from China. Only
twenty million dollars in the US because it was Chinese
and you got a small Chinese audience obviously, so they thought,

(14:32):
hold on, if we made this into English, could it
go Gangbusters? Yes at code. So it's in US cinemas,
It'll be in New Zealand cinemas as of this Thursday
four a quote unquote limited time only. Guess what I found?
Supply chain issues. There's the day back down memory lane

(14:52):
the COVID. Yet I've got supply chain issues at the port.
So I've got supply chain issues. What's going on there?
I got a report out on that this morning, So
lose some numbers for you, as I say, the Chairman
of the Reserve Bank with us after seven o'clock meantime.
Uses next.

Speaker 1 (15:07):
The news and the newsmakers, the Mic Hosking Breakfast with Rainthrover,
leading by example, News Togsdad be.

Speaker 2 (15:15):
Prime minister's got a problem. He wants to curtail the
spending and he doesn't know who's got the numbers in
the house, so he's going for a confidence vote. If
he fails, he loses government. So it's all on in
France this morning. Catherine Field with a shortly meantime back
here at twenty three to seven. What you might have
thought was a last from the past. We have supply
chain issues that our thoughts, for goodness say, crane rates
are stuck at twenty twelve levels, which undermines our target

(15:38):
to double exports by twenty thirty four. Obviously, Brent Pillervey
is the chair of the New Zealand Cargo Owners Council
and is with us. Brent, good morning to you.

Speaker 13 (15:45):
Good morning, Mike.

Speaker 2 (15:45):
What's going on here? I thought we'd sorted all this
out well.

Speaker 14 (15:49):
Mike Here, As you probably know, there's more than four
hundred ports around the world, and New Zealand from a
productivity point of view, is in the bott of twenty percent.
The majority of our ports are congested and poor product
since twenty nineteen, but it did He's decline by up
to thirty percent and costs have gone up and things
are a mess.

Speaker 2 (16:06):
Wow, they know all of this, And if I went
and talked to the heads of all these ports, they'd
understand that, and they'd say they're doing something about it
or not.

Speaker 14 (16:14):
Yes, yes, they do know about it. Obviously Tarum has
been trying to do something about it for six years now.

Speaker 15 (16:18):
It's still in court.

Speaker 14 (16:20):
Isn't that a secondary It's it's pretty bad, Mike. I mean,
I think they've spent something night what twelve million dollars
so far has haven't done anything exactly.

Speaker 2 (16:29):
What about the first track with the Auckland port. The
other day, they're going to be building left, right and centers,
all that stuff helping Well.

Speaker 14 (16:35):
Well, well it kind of is it. But that's more,
as you know, to do with the cruise ships, not
so much the cargo ship.

Speaker 2 (16:41):
Well, I thought the cranes and one of the wolves
were going to be able to go up and down.
It was going to be a new tomorrow.

Speaker 14 (16:47):
Well, Mike, I've got an Auckland. I've got eight cranes.
You really see more than four working in Often you
go down the port, you see one crane working one
ship on the berth. But they had four cranes. We're
going they be about seventy five percent faster.

Speaker 2 (16:58):
So why aren't we Why aren't we running the country?
Brent doesn't sound that hard to make. You just get
all the cranes working all the time.

Speaker 14 (17:04):
Oh, that's that'd be a good point. But what we
think we need to do is actually have a reset.
We're talking to the government. We're saying we need to
have a hub and spoke model around the ports. The
hub is actually big deep sea ports that are really efficient,
and the spoke with the small ports moving cargo to
those large ports and have to be done by coastal shipping.

(17:25):
We'd have to be hand in hand of rail and road.
I mean you've probably noticed that there's been some good
work done at rail, they've had a bit of a reset.
But to go to the next level for rail, they
need volume that will drive efficiencies and costs.

Speaker 2 (17:36):
Do you reckon that's going to happen? Is it possible?

Speaker 14 (17:40):
Well, it has to might. We think we've got five
years to go before we're really in trouble, and it's
five years to get the infrastructure right. We met the
government last week in a fact and we said them
the first thing that we need is data. We need
good data. We don't need you understand what cargo is
moving where and how, and so we need to have
really good data about that stuff. And then we need
to put a strategic leans across the whole supply chain

(18:03):
that's from farmgate or forest gate through to the port.

Speaker 2 (18:07):
We sound like we're stuck in another in a time warp.

Speaker 15 (18:12):
Well we kind of are.

Speaker 14 (18:14):
I mean automation SAKEI I know that that's filed in Auckland.
I don't know what they're a model norm. But then
if you look at someone who liked Singapore, that's so good,
almost in a different planet.

Speaker 2 (18:26):
How many people get on your Britt nice to talk
to your brit for Felby is the chair of the
New Zealand Cargo Owners Council. How many people have come
on this program? Forget all the times I've said it,
but how many people have come on this program said
I'll tell you what. If you look at Singapore, it's
almost like another planet. So small island nation, five million people?
God can it be?

Speaker 1 (18:46):
Nineteen to two the Mike Asking Breakfast Full Show podcast
on I had radio powered by News.

Speaker 2 (18:52):
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Pasky Bonnie might red tape holds productivity back in this country.

(19:58):
That's probably applicable everywhere. To be fed. Mike, it's simple,
is it? It's never simple, is it? You either have
a growth mindset or a fixed mindset. What do you
think New Zealand sits? It's a fair point. Union's Mike,
that's who's destroying efficiency. You got to stop for the Kappa.
By the way, if it makes you feel any better
this morning, we are the third safest country in the world.
They looked at one hundred and sixty three countries. This
is the Institute of Economic and Pieces Global Piece Index,

(20:20):
the GPI. We've gone from fifth to third, so we're
on the up. What do they look at societal safety, security,
domestic international conflict, degree of militarization. Well, we haven't had
a military up until now, so that's worked probably in
our favor. You want to go ten through one, even
though Katie says lists of tenor boring radio. Let's go
ten through one Finland, Slovenia, Denmark, Portugal, Singapore. Ha we

(20:44):
beat Singapore. There you go, Switzerland, Austria, New Zealand, Ireland
and Iceland. So Scandinavians again six forty.

Speaker 1 (20:53):
Five International correspondence with ends in eye insurance peace of
mind for New Zealand business France.

Speaker 2 (20:59):
We're going from feel the very good morning to you
good morning mate. Now I was disprite. Who was the
bloke who was there before Bayeru, well known guy Bull.

Speaker 1 (21:10):
Michel Ban.

Speaker 2 (21:11):
Yeah, so he couldn't do it. Is by We're going
to do it. I mean he wants. All he wants
to do is have France pay their way. He doesn't
know if he's got the numbers. Does he have the numbers?

Speaker 4 (21:20):
Looks difficult, Mike, Yeah, this is the French Prime Minister
from Bajo just a couple of hours ago announced that
he's going to He's recalling parliament early, which isn't of course,
going to get MPs very happy when they have to
come back from this summer break two weeks early to
cast a confidence vote. Now, this specially convinced parliamentary session
is solely for a confidence vote on the budget. Because

(21:43):
we've spoken about this before, Mike. He needs to slash
around eighty seven billion new Zealand dollars off next year's budgets.

Speaker 15 (21:53):
How do you do that?

Speaker 4 (21:53):
I mean, he says by doing that, all he's going
to be doing is bringing the budget deficit down to
about four point six percent.

Speaker 13 (21:59):
Of from five point eight.

Speaker 4 (22:02):
It's still not going to go all the way, is it, Mike.
But that particular date of eighth of September is you
know one thing he's trying to do. He's trying to
bring the debate back into Parliament rather than on the streets,
which is usually where the French like to have these debates.
Because there's a nationwide shut down plan for the tenth
of September, so he's trying to sort of avoid that.

(22:24):
Doesn't look good from No Mic because the opposition parties
have said already they're going to vote this down, which
means we may have a new prime minister. You know
this is a calculated rest.

Speaker 2 (22:35):
Ask me, well, answer me some simple questions. The EU limited,
it's so you say four point seven, it's five point eight.
Bring it down to four point seven. The EU limit,
the limit that you've signed up to is three percent.

Speaker 4 (22:46):
That is right, Mike Cande to one hundred percent?

Speaker 15 (22:50):
Right on.

Speaker 2 (22:52):
Going above what you've signed up to.

Speaker 4 (22:53):
Then you said, this is where it helps that you're
one of the founding members. Mike, you've got to be
there at the start. You've got Biggie clout and let's
not forget the EUS started with France and Germany. But
it is in their mind the fact of Greece. You know,
you remember when Greece almost went bankrupt. That has actually
focused people's minds, which is you have to do something

(23:15):
about this budget. And you're up into the last couple
of years. Manual Macron, the president has been saying, look,
we've got to spend a lot on defense. That's where
the money is going. But now people have started looking
at other things, like, you know, why is the government
paying two hundred thousand euros a year for former foreign
minister and one time your presidential hope for Dominic de Vilpa.

(23:36):
Why spend that much money? A former prime ministers get
huge amounts of money. They're looking around for that, saying, now,
maybe go and look elsewhere. The other thing he's doing
by who wants to scrap two public holidays? Get if
I'm working on on Easter Monday and on assumption that
holiday that very few countries have in the middle of August.

Speaker 2 (23:56):
Well, good luck to him. Macron's going to run out
of people to be minister if this doesn't work, isn't.

Speaker 4 (24:01):
He Well it really is not a job that you
want to have in France. Really it's subject to seat
if you want to make your name stick mostly as
a minister and look like a safe beair of hands there.

Speaker 2 (24:13):
Now, what are you doing?

Speaker 15 (24:14):
See?

Speaker 2 (24:14):
It seems to be the whole world at the moment.
New Zealand post is stopped. I know some of the
other European countries like the UK stopping, So sending the
stuff to America parcels is the dominimus thing? Do people
know what's going on here?

Speaker 4 (24:28):
All people know at the moment is that from the
twenty ninth of August, the tax exemption on goods costing
lesson eight hundred US dollars will be abolished, So anything
turning up on the US post after that date will
be subject to possibly around fifteen percent tariffs.

Speaker 2 (24:47):
What we've got now is what we've got.

Speaker 4 (24:48):
We've got France, Germany, Spain, Italy, Belgium, Sweden, Denmark and
from tomorrow Austria and the UK are just going to
stop accepting posts that includes merchandise worthing over one hundred
dollars to be sent to the US. Now, what they
say is that, yes, it's been all very well to
have abolish this tax exemption, but they are saying that

(25:09):
the custom Service in the US has not put in
a new system which would be able to comply with
this is essentially to collect money, and without this system
to collect these duties, it's just a waste of time
the I'm sending anything.

Speaker 2 (25:24):
It's almost like Trump made it up on the spot
and didn't really think about the ramifications, isn't it when
you call for military reservists in France or are there
a lot of people sitting there going, oh, thank God
for that, I wish I could be a military reservist
or not they are indeed.

Speaker 4 (25:37):
I mean, let's just look, first couple of months of
twenty twenty five, twelve thousand reservers came forward for training.
That's the same as the whole of twenty twenty four.
What they need by they're looking to get up to
one hundred and twenty thousand reservers by twenty thirty five.
That would bring in what there'd be one reserves for
every two active service personnel. We're now starting to see this.

(26:02):
We're starting to see what Emmanuel Macron said at the
start this year that not only do you upgrade your
active units, but you also upgrade your reservers. So what
they're particularly looking at is bringing in mostly young people
in key DOMAIDS and that is the one that we're
hearing all the time about now. Drones, drone technology, information technology,

(26:25):
and that's what they're looking for, as well as logistics
and cyber and that had quite a few camps over
the summer. You know, people in their late teens, early
twenties who've done this two week training course and in
return they will be signing up for to be volunteers
from the Civil Society for between one and six years.
They'll stay in the army for between ten to sixty

(26:47):
days a year.

Speaker 2 (26:48):
You have a fabulous weekketch. We catch up next week.
Appreciate it. By the way, the only thing happening that
part of the world of note this morning, Charles Kushner,
You go, do I know that name? Yes, you do.
He's Jared's dad. Anyway, he's the ambassad and France. He
said a few things about France being anti Semitic, France
didn't like it, so they called them in not but
that will make any difference. But that's what they do
in diplomatic circles. Nine Away from seven the make Hosking

(27:10):
Breakfast with Bailey's real estate news dogs. I'm just being
WhatsApp bombed by my daughter photos of Ferraris in the
car park of her hotel. And she's at a hotel
in the Italian country side. And she's at a hotel
in the Italian country side on holiday before she starts
her new job in London. So lead one job. You

(27:33):
have a nice holiday through Europe, you send your dad
some photos of Ferraris in your flash hotel car park
before you start your flash new job in London. And
she's twenty four and I'm.

Speaker 16 (27:44):
Sitting here, sitting here, you can go down and look
at my Ford Puma if you want.

Speaker 2 (27:50):
Five away from seven, all.

Speaker 3 (27:52):
The ins and the outs.

Speaker 1 (27:54):
It's the fizz with business favor take your business productivity
to the next level.

Speaker 2 (28:00):
She's swallowing around Europe. Back here in the real world.
As Andrew told the spending is up for well both
monthly and four year on year. Not huge, not huge,
but it's in the right direction. Nevertheless, but the old
discretionary that's a bit of an issue, and not a
lot of screams discretionary more than diamonds. So Michael Hill
International came for the party yesterday's sort of. So year
to June they've got revenue of six hundred and forty

(28:21):
three million dollars. Now that's down one point two million
on last year record goal prices. They've stocked piled a
lot of goal so I'm assuming running that out at
old money. But here's where we stand out. This is
our problem. So New Zealand sales are down five point
five percent. Canada sales, though, are up four point four percent,
So the gap between and up four point four and

(28:41):
a down five point five that's big. So that tells
you something about their economy versus ours. Australia, are they up, yes,
they are one point two percent, so the trend is continuing.
In the first seven weeks of this current financial year,
Canada same sotore sales are up six point eight percent,
so they're going gangbuster. Something's happening in Canada, their loving
life Canada. Australia is up three point four percent, but

(29:02):
we're still down three point two so there's once again,
look at the gap. We're down three point two versus
Canada uposite. I mean, it's a ten percent swing on diamonds,
so it's our funk. I blame Christian, still blaming Christian.
Digital sales are up six percent. They brought in more
than fifty million dollars for the first time.

Speaker 5 (29:23):
You're buying.

Speaker 2 (29:23):
If you're buying your diamond ring digitally, of course you're not.
They had to close some stores as well, so they
started the year with three hundred. They finished the financial
year two hundred and eighty seven. We wish them lightly,
wish every other business in this country all. The very
best part of that equation is, of course, the aforementioned
Reserve Bank. The government will be pleased because yesterday they announced,

(29:43):
and Luxem alluded to it on the program yesterday, that
they're amending the amount of money that retail banks have
to hold. This was an Adrian or invention, but Adrian's gone.
So the chair Neil quickly is with us directly after
seven o'clock, and if you love your supercars, Mark Winterbottom,
one of the great frosting is with us after eighteen.

Speaker 1 (30:01):
The only report you need to start your day the
mic costing breakfast with Bailey's real estate altogether better across residential,
commercial and rural.

Speaker 3 (30:11):
News talks head been in.

Speaker 2 (30:12):
Seven past seven, So change a plan for the Reserve
Bank will have new rules run capital levels for retail banks.
This is how much they have to set aside just
in case. The argument from the government and the banks is,
of course it's set too high, therefore it constrains growth.
Neil Quigley is the Reserve Bank Board chairing us with us.
Neil morning, Good morning, Mike. Were you brought to this
kicking and screaming?

Speaker 4 (30:32):
No.

Speaker 17 (30:33):
Several elements of this were reviews that we had planned
for some time and they reflect the fact that with
the passage of the twenty twenty three Deposit Takers Act,
the Bank was getting new supervision and crisis management powers.
And of course the offset for us having greater powers
than the regulatory frame potentially is that we need the

(30:57):
banks to hold less capital as a result, And.

Speaker 2 (30:59):
So when we saille's capital, how much less and when
do we know the number?

Speaker 17 (31:03):
Well, we're in a consultation process and we've offered up
two different options, one which would increase the total loss
absorbing capacity in the system and take some of the
pressure of the most expensive forms of capital for the banks.
So it'll be late in the year before we have

(31:24):
a final decision.

Speaker 2 (31:25):
Having had you guys on before, and having had retail
banks on many time, never the twain shall meet. It
is your fault that they can't do more in their
margins are so high, true or.

Speaker 17 (31:34):
Not, well, we don't expect that this review will result
in big changes in pricing. It may have some impact,
but of course our main mandate is to focus on
stability in the financial system, and we need to have

(31:55):
regard to that above all other consideration.

Speaker 2 (31:58):
Didn't the GFC in COVID tell us the banks to find.

Speaker 17 (32:03):
The GFC, and COVID told us a lot about the
ways in which problems can arise in the financial system internationally.
And the problem with each past crisis is that the
next one will never look exactly the same as the
last one.

Speaker 2 (32:19):
But in both they did fine, they did more than fine.
Their rolling in low.

Speaker 17 (32:24):
Well, they did fine in those cases for a variety
of reasons. So in this case, though, we think it
is important that we maintain a print level of capitalization,
particularly for our systemically important banking institutions.

Speaker 2 (32:40):
When you see something change, for example, in the rural sector,
the retail bank will see the rural sector with something
slightly different now because of your changes.

Speaker 17 (32:50):
Well, one of the implications of what we're doing is
that we're reviewing the individual loan category risk weights as well,
and that may well have an impact on some pricing
in different categories, particularly for the lower risk loans. In
each category, such as rural or housing lending. You might

(33:11):
see some impact on pricing, but across the board it
is unlikely to be more than about five percent.

Speaker 2 (33:19):
Okay, I'm reading while I gotcha. I was reading yesterday
about your expansion in the Auckland real estate market. Do
you need all that space now you're laying people off.

Speaker 17 (33:28):
Well, we do need the space because we have some
problems with our building at Number two the terrace, and secondly,
our expansion in staffing is likely to be focused on
Auckland because that's where the institutions that we need to
regulate are mostly located.

Speaker 15 (33:47):
So we see some.

Speaker 17 (33:48):
Expansion in the Auckland space. The need potentially to decant
some of our space at number to the terrace in
the future to deal with some remediation issues for the
building That's why I was gone in that direction.

Speaker 2 (34:01):
Okay, how close are you to a new governor?

Speaker 17 (34:05):
Well, we're well down the track with the process, and
so I doubt that you'll be kept waiting for too long.

Speaker 2 (34:12):
Line days, weeks?

Speaker 17 (34:16):
Where are we now?

Speaker 15 (34:17):
Weeks yet?

Speaker 2 (34:18):
All right, nice to talk to you. Slightly awkward there
from mom, didn't it? Neil Quigley, the Chairman of the
Reserve Bank. Eleven minutes past seven. We'll come back to
that reference to the real estate. You won't know about it,
because why would you. But there's a lot of money
being spent on office accommodation for the Reserve Bank. But
let me come back to that in the moment. Meantime,
you're report into our retirement readiness. There's a concern over
the growing gap between the self employed and the employee.

(34:40):
So what we got is forty four percent of the
self employed contribute to keyp We say, but not many,
especially when you compare it to the seventy eight percent
of employees. Jane writsen is of course the Retirement Commissioner
anders with us, Jane, morning to you, Good morning, mat
Do we have good data on this? Is that gap widening?
What do we know?

Speaker 15 (34:57):
This is the first time we've managed to throw it altogether.
It hasn't been any data before. So we've pulled together
some information from the Henry people, who have a really
large database of course for sole traders and single earner people,
plus some stuff from stats and the rest of it.
It's taken quite a while, but it's given us a

(35:18):
really interesting picture which we didn't have before. And as
you say, four hundred and twenty thousand at minimum, because
I think there'll be more now. Our people identify as
self employed and their retirement planning isn't great.

Speaker 2 (35:30):
Well, when you say that just because they're not in key,
we say it doesn't mean it isn't great. They'll have
an asset. That'd argue, we've got an asset, I've got
a business, I've got good will, I'll sell it um rich.

Speaker 15 (35:39):
Yeah, it's a really good point. And some people, indeed,
I'm sure will be saying exactly that they're investing in
their business and they're investing in themselves. But what we
know is that nearly half of the respondents in this
survey are saying that the reason is the lack of
spare income and nineteen percent of saving nothing at all.
So it's still a reasonable chunk.

Speaker 2 (35:58):
Do you reckon? That's real? Because I go back to
the Singapore story and tho were a third world country
when leag one you came along and said you've got
a twenty eight percent or whatever it was. What are
you talking about? We've got no money. You've got no money.
If you think you've got no money, isn't that really
the problem?

Speaker 15 (36:13):
Possibly it's I mean it's pretty tight out there, as
you know. So again I think the self impoyedan and
sole traders have always got this trade off. Haven't they
to go to invest in the business or have I
just doing enough to cover my overheads? I'm not really sure.
What employeees have got, of course, is the employer contribution,
and there's nothing there for self employed, so they've got
to kind of pay themselves if you like, and they

(36:34):
could pay themselves through their business. But they also need
to think a bit more about the future, because don't
we all, and it's going to be a bit tricky
for them. And the reason this is important is you
don't want them rocking up to pensron age and having
basically nothing put away, particularly if the business has failed
or something else has happened because then you start talking
about what they need in terms of additional government assistance,

(36:54):
so it starts getting an important conversation.

Speaker 2 (36:56):
So well done for doing the work for the first time.
That's surprise world. There's anything surprised me in this country anymore,
but they've done that work for the first time. Jane
Wrights and retirement commissioner TV and Z behind a pay
wall for the World Cup football next year. More shortly
for team.

Speaker 1 (37:08):
Past the High asking Breakfast full show podcast on iHeartRadio
powered by News Talks ab.

Speaker 2 (37:16):
In News Talks This university report this morning where everyone
seems to get an a and what's going on here
and no one can work it out? We'll have that
shortly seventeen minutes past seven. Good day for TV and
Z though they've announced they've got the rights to next
year's World Cup of course football. Are they're going to
pay for you? Jody A. Donald as the CEO and
is with us. Jody morning, Good morning, Mike, how are
you very well? Thank you? Technologically speaking? Could you start

(37:37):
this this afternoon or is there still work to do?

Speaker 6 (37:40):
There's definitely still work today, but we're pretty excited with
the announcement today so yesterday, I should say, and so
the hard work really starts.

Speaker 2 (37:47):
Now, how did you do the numbers? Because all whites
are free, so that would have been a real big
revenue stream, So you're not getting anything from that, so
you're relying on what expats and obsessives.

Speaker 6 (37:59):
Well, what were the actually done is over the last
two years, in particular, we've had the opportunity to test
a whole lot of sports with all of the rights
that we picked up when Sparksport closed, So we've actually
been testing with lots of different rights. And what we
were really encouraged with was when we had the Euros
last year and we had hundreds of thousands of people
flocked at our TVNZ Plus platform and so that's really
given us the confidence to be able to move forward

(38:21):
with us. So, yes, all of the all white matches
will be available free and also a selection of other matches,
but there's super fans out there who we believe will
be willing to pay for one hundred and four of
those matches across the thirty nine day period, which is
what we're calling the TVNS event pass.

Speaker 2 (38:38):
Okay, so you will have done numbers based on you
will have guessed at how many people are prepared to
pay for those one hundred and four games versus what
you offered for the football. Is that how you did it?

Speaker 3 (38:48):
Roughly correct?

Speaker 13 (38:50):
That's right.

Speaker 6 (38:50):
So we've really, like I said, been really looking at
all of the data and the behavior and hearing from
the fans, and I think that's the most exciting thing
about this is a directly choice now for the sports
bodies and more importantly for audiences. So that's a great
place for us to be and a great opportunity for
us to be able to have an event such as
a safer World Cup accessible to morning valanders.

Speaker 2 (39:10):
How many packages you're going to offer in terms of
breaking it down, or is it it's free to wear
or you pay for the lot?

Speaker 15 (39:17):
It will just be the tooth.

Speaker 13 (39:18):
It'll be really simple.

Speaker 6 (39:19):
You either pace of the event pass where like I said,
you get all one hundred and four games plus you
get highlights and additional clips and player profiles, or you
watch it free to wear on TV.

Speaker 13 (39:29):
Did one one.

Speaker 2 (39:30):
Hundred and thirty nine dollars for the lot? Is that
your price?

Speaker 6 (39:35):
I'm not in a position to be able to share that.
I think that's pretty excessive. Actually, one thing we'll be
making sure is that that it is accessible and it
won't be out of step with what's most currently and market.

Speaker 2 (39:46):
Okay, well, I came to that number last night because
I thought of boxing. Individual boxing events can go to
thirty nine or forty nine dollars for a singular boxing
event a whole month's worth of football. And these people
are crazy. You understand that, of course, So at one
hundred and thirty I reckon they'd do it all right,
Well myself, Jodi, are you going to say it was
seventy nine dollars and you're going back to the boardroom
now going oh god, no.

Speaker 6 (40:08):
That's another proof point. So I know we have actually
done some market research on it as well as making
sure the commercials work. Obviously, we're a commercial business and
so it's really important that we've done our homework around that.
But that's good to have any price points, Thanks.

Speaker 2 (40:21):
Mike, No worries at all. I'm here to help. So
is this the future? This is the future of TV
and Z A lot more stuff behind a wall.

Speaker 6 (40:29):
Look, what's really important there. As a freedery broadcaster, they're
always rights that are outside of our reach. So I've
been able to have a pay component means that actually
we can compete for other rights that we might not
have always been able to And in this exact example,
the super fans can have absolutely everything. But actually we've
got our team, the all whites available to all newdelliness

(40:49):
to be able to see and that's what we're most
proud of.

Speaker 2 (40:51):
Good stuff. Nice to talk to you. Go well, Jody O'Donell,
who was the TVNZ chief executive, being one hundred and
thirty and know is that too much for a whole
months with one hundred and formature hundreds on dolls? I
thought that's value for money, but you're obviously clearly going
to get it cheaper. Seven twenty.

Speaker 1 (41:06):
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by NEWSTALKSP.

Speaker 2 (41:14):
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the year two thousand. Tast get a noo SEVN twenty

(42:21):
four we got the Public Health Advisory Committee right he
never heard of and they were set up by the
Ministry of Health. It has led this committee by Kevin Haig.
There's a name, Kevin Haig. He was a Green MP
and also on a district health board. Their latest idea
is they want a wealth tax. So, given what I've
just told you Green Party haigue, is that tax about

(42:42):
health or is it just a tax about at tax?
So we live in an age, it seems, where only
more tax will do. Superannuation needs more tax, welfare needs
more tax. We have never spent more in this country's
history than we do right now on healthy you aware
of that, never spent more, and yet we apparently we
need even more. So when you've got a great party
veteran looking at what a healthcare system needs, their only

(43:02):
answer will ever be more tax. So the real question,
and no one asks about it or even thinks about it,
is where does the tax come from? Now, there's nothing
wrong with more tax if you get it from success.
Growth is an example of success. If you grow, you
make more money. See the farmers at the moment will
be making more money. So that sector is providing more
tax to the ID. But the Haigues and the labour

(43:24):
parties of this world don't think of that side of
the equation. That's why Chris Haipkins and this fellow travelers
Rachel Reeves in London dream up wealth taxes and cap
all the gains taxes. They're not looking to grow the pie.
They're looking at who has got more pie and how
they can take it off you. The ruinous nature of
this thinking is given. It takes nothing more than an
ideology to grab someone else's money. That's all they know
how to do. Homelessness in this country it went up

(43:46):
over thirty percent under the last government. Where the last
government spending money, My god they were They were spending
in excess of a billion dollars on it, yet still
went up thirty percent. See if money taken from the
so called wealthy and tipped into issues worked, a lot
of problems would have been solved a long time ago.
So ask yourself why they haven't been. It's because the
fundamentals are flawed from the start. If you don't fix

(44:08):
that part, you fixed nothing. Sky like I know how.
The high price of concert tickets and sporting events in
the US has got been a topic. Go and have
a look at the price tickets for the fee for
twenty six OEMG to see a pull match in la
it's about two thousand US incredible money. So one point
thirty nine? Am I wrong? Anyway? Regional James Meagher to

(44:30):
the rescue. James Meager is the Aviation Minister, and he
has been promising for the better part of the year
of not the entire year, that he is going to
do something for regional aviation in this country.

Speaker 4 (44:41):
Now.

Speaker 2 (44:41):
I asked the Prime Minister about this couple of weeks
ago on the program. Is there a possibility that the
government is going to get involved in regional airways in
any way? Shape ulf? No, I don't think so. I mean, yeah,
it's a pretty challenging business regional airliines. Okay, So I
took them at his word because one he's the Prime
Minister and two he was now what did he Oh,
that's right, he ran an airline. And yet despite this morning,

(45:02):
James Meagher, the Aviation Minister, is saying he's got an
action plan on his desk by the end of the
month and he's going to throw them a lifeline. So
is he throwing them a lifeline or is he doing
basically nothing? What's going on here? Some mixed messages anyway,
back to the university in a moment where apparently everyone
gets to know and no one can work out why

(45:24):
what's happened there? I think we'd probably know that. Anyone
to talk to Chris Whedlan about that after the news,
which is next.

Speaker 1 (45:31):
New Zealand's Voice of Reason is Mike the Mic asking
Breakfast with a Vida, Retirement, Communities, Life your Way, News,
togs Head be.

Speaker 2 (45:40):
I've sort of I can't work out Hasler DearS legend
got rolled yesterday from the Titans. Now he got rolled
from the Titans because they got sick and tired of
the Titans losing and they lost to us, So that
was we were instrumental in his downfall. Now he will
see the last two games out for the Titans. But

(46:00):
the point is he probably isn't going to get another
job because he's sixty four and that's him done. So
one of the great legends will be retiring from rugby league.
Could be wrong, but probably retiring from rugby league at
the end of the season. Now do you feel good
about that because it was the Warriors that finished him off,
or do you feel bad about that because he's one
of the great names.

Speaker 16 (46:19):
He's not going to be You know, when he was playing,
would you say that he had the biggest hair going.

Speaker 2 (46:23):
He's still got big here. Yeah, I know, it's fantastic
here and you know so, yes he did. He certainly
had big hair. It was back in the days of
loose jerseys and big hair, and because of that, everyone
looked like they ran more slowly, didn't they. The whole
place of the game was different. Twenty two minutes away
from a man of right, what's going on at the universities.
They've got what's called grade inflation. A grades have gone

(46:45):
from twenty two percent of results to thirty five percent.
This is between now and two thousand and six, so
it's over a sustained period of time. The New Zealand
Initiative done this report. It suggests this is as a
result of what they call grade corruption. Chris Williams, the
chief executive of Course of University is Zeeland, and is
back with us. Chris, good morning to you.

Speaker 3 (47:02):
Good morning.

Speaker 2 (47:03):
Is great inflation a recognized thing, Look it is.

Speaker 18 (47:08):
But it's not necessarily a bad thing. Over the last
twenty years that are covered by the study, every university
in the English speaking world has had the same pressures
to basically lift the standard of teaching to lift graduate outcomes,
and they've invested in that. There's a lot more support
put around students now, teachers are taught how to be

(47:31):
good teachers, there are systems that sit around teachers and
students to basically get more support to them, and even
things like technology like distance learning. Since COVID, every university
now uses a distance learning in a much more structured
way to track the progress of students, to help students
through small modules of learning, and different forms of assessment

(47:55):
as well. So a lot has changed over that period.

Speaker 2 (47:57):
So you disagreeing with the report, you're saying that we've
bulked up the system and because of that people do better.

Speaker 18 (48:04):
I can't definitively say what it is, but I know
that the report only considers four factors, none of which
are things like changes in how teaching is done, or
all the systems put around students, or even things like
you know, the use of online technologies and increasing numbers
of postgraduate students. All those factors are missed in the report,

(48:26):
which I think is unfortunately.

Speaker 2 (48:27):
What about the sharp increase in E grades in the
COVID period, because there's twenty six to twenty two, I mean,
that's a twenty year period. So I don't know that
I'm that alarmed by it. But there was a burst
in COVID, wasn't there?

Speaker 18 (48:38):
Look, there was, and it was a unique situation. Eight universities.
Each of them did slightly different things. Some universities just
simply said, because there's two months where students aren't able
to attend lectures, we're going to give everyone a one
grade point bump, and other universities said things like mark
more leniently. So the idea was to base they make

(49:00):
sure that no students were disadvantaged. But it was only
at the end of the year you could really look
back and go did we overcorrect or did we get
it about right?

Speaker 2 (49:08):
What about the funding incentives the report talks about, So
in other words, there are certain courses that you know,
there's a bit of money flowing, so therefore we need
some people to pass.

Speaker 18 (49:18):
Look, absolutely, there are incentives, but the incentives are actually
a feature of the system, not a bug. So the
whole idea is that universities are funded to retain students.
If you get accepted into university, you are at a
standard where you should be able to pass. And quite rightly,
there's an expectation that universities are passing students.

Speaker 5 (49:37):
Yea.

Speaker 2 (49:38):
Elizabeth Ratas said this morning that it's a cultural shift
and you just can't afford to have people fail anymore
because I'll cry. Is there any truth in that?

Speaker 18 (49:47):
I think that's probably an unfair characterization. The key thing
for universities is it's the reputation of their qualifications and
their graduates that are the key to a university being successful.
If employers lose confidence and that a qualification that a
graduate can do what it says on the tin, If
there's a loss of confidence in that, then universities are

(50:08):
in trouble. So universities spend a lot of time and
effort making sure that they are producing good quality graduates
and those graduates get good.

Speaker 2 (50:15):
Jobs, good stuff. Chris appreciate it very much. Chris Whelan,
who's from the university's New Zealand, ninety minutes away from eight.
It's been pretty well canvas. I won't bore you with
it again, but this if you haven't read the story,
please do because his name, Sewan O. Lachlin, law student
took at Auckland Transport to court over speed humps one
one on a technicality or what I think will loosely

(50:36):
be called the technical speed humps. Basically, they didn't consult
because they're so far up their own you know what,
They're so arrogant that they it's just all wrote forms
and stuff like that, and they say they consult when
they don't really and they got pinged basically, So he's
won that case. So he's a person who went to
law school, got a good job, and good luck to him.
Let me come back to the button. The best story

(50:57):
yesterday was the Nikola Willis Butter story that had to
be read to be believed. But more in a moment.

Speaker 1 (51:04):
Eighteen to two the Mike Asking Breakfast Full Show podcast
on iHeartRadio powered by News Talks at.

Speaker 2 (51:11):
B fourteen forty. Yeah, call it fourteen away from eight.
I was a lecturer of for thirteen years. Mikel finished
two years ago. Most of what that guy said was crap.
The pressures on me too, Passport students was huge. Training
was neil. Students cried if they didn't pass, so you
had to pass them. I'm not sure all that's entirely true.
My daughter's sitting in open book today on Friday, Mike
for her degree. Mike, when I was tutoring marking at

(51:32):
Waikato during COVID. They just chose to do open book tests.
That's the open book thing is not the end of
the world. It's that line between they're not there to
catch you out when you go to university to learn something.
They're not going to go hmm. We don't think you're
going to pass, and we're going.

Speaker 4 (51:47):
To you know.

Speaker 2 (51:48):
The idea is they want to help you get to
where you want to go. So it's an interesting line,
right Nikola Willis You know how critical I was of
her in her obsession round but it all got laid
bag yesterday and just think about the resource that's at
her fingertips for this. So staff were pressing officials in
her offers, pressing officials for international dairy price comparisons. This

(52:09):
is before she met Miles Hurral. This all came out
yesterday with the Official Information Act last minute scramble. We're
going back to twenty one July. The Private Secretary goy
called Creech, John Creach. He asks MB so just rings
up ENV like they've got nothing better to do. Hello.
Mb Nicholas got a meeting with Miles specifically requested a
quick price comparison new Zealand v. Australia. It'd be good

(52:30):
to have a quantitative fire possible and clear understanding of
whether there's more to it than the exchange rates and GST.
Looks like the Minister will need something in hand about
this by the time she goes to caucus this morning
at ten am. Can you please get it to me
within the hour at nine point forty so sure you
got nothing better to do, have you? They're at envy.
Then Old Creature is on the phone again asking for

(52:52):
a bit of paperwork on the butter and for all
you people who texted me going wow, she whacked up
on Terra Mike, she'd know exactly what's going on, Clearly
she didn't. Figures suggested that Mainland butter was priced similarly.
All no, ah, no, it's price similarly both sides of
the Tasman. Well, that would have a fly in the ointment,
wouldn't it. So Creature asked for a comparison to focus

(53:14):
on Fontira products at midday, followed up, when are you
anticipating having the next version? There's a lot of interest
in the building today, I bet you there was. She's
freaking out. Miles is coming for a meeting. She doesn't
know the first thing about butter, so another iteration soon
would be appreciated, because, of course, as you know, MV,
what else are they doing? Because Creature's on the phone
yet again asking for a follow up. Didn't like what

(53:36):
I saw the first time. Give me another one. The
work was from Envy quote unquote quick and dirty, not
the most scientific of comparison. Well that's because he only
gave you twenty minutes to come up with it. Our
feel is that milk is more expensive in New Zealand,
other products are more comparably priced. Cheese is hard to gauge.
Who knew that the time of the meeting. As the

(53:58):
time of the meeting bore down. Creature also asked for
further details on Fontra's market share in New Zealand Australia.
The bloke palm of the poor sap at MB, you
warned the answers quote unquote quite a hard one to
calculate and would need and put from the Commerce Commission.
Course it would so Creatures already onto MB Nicholas panicking
about miles coming down the corridor boom. I don't know

(54:21):
anything about butter, creachy. Get me some numbers from Envy oh,
I don't know him. We can't do it. We'll need
to get the Commerce Comission because Commerce Commission got nothing
better to do with their time. I'm not sure we'll
get there on time. They said, I haven't been able
to get the right people at the ComCom that's because
they're working from home. There's no one in the office
at five point fifteen forty five minutes before the meeting

(54:44):
totally understand the hard numbers to get, so we won't
quantify basically need stuff in the next few minutes. See
the panic. So you got the Commerce Commission, you got MB,
you got Creachy, you got Palmi, you got Nikola, you
got Miles. As opposed to what we did here, we
had Sam just googled it exactly. We chat gpt'ed it,

(55:05):
and that was the end of the problem and hence
the problem and why Nicola came out of that meeting
eventually going at appears it's really nice case.

Speaker 6 (55:14):
I've been satisfied that I don't think consumers are getting
a raw deal.

Speaker 2 (55:20):
So we only had the Commerce Commission, the MB Department,
Nicola Willis's entire office to find out what we already
knew before Miles turned up. For the meeting awesome governing
national turn away from eight.

Speaker 1 (55:33):
Of the Mike asking breakfast with a Vita retirement Communities
News togs had been.

Speaker 2 (55:38):
Leto seven away from a wine to the world using
ugly fruit. So this is an idea from a couple
of dads created a certified organic winery uses only seconds
in ugly fruit. Didn't make export right, So they're start
in the storage unit and they're now started to deal
with food stuff. They are going to be in a
bunch of Wellington supermarkets. Cosmo Hawk is the co founder
of Fruit Crew Wines and as well as Cosmo Morning.
Come on one, Miky going very well, so this is

(55:59):
not grapes, but this is other fruit, fijos and stuff.

Speaker 13 (56:03):
We used some grapes skin, but not exclusively grapes and
definitely not always always grapes. Yeah, or do you always
pomp fruit?

Speaker 3 (56:10):
Right?

Speaker 2 (56:11):
Are you doing this in Wellington?

Speaker 15 (56:13):
Yes?

Speaker 4 (56:13):
We are.

Speaker 13 (56:14):
Yeah, We've got a little warehouse down in Tiadle.

Speaker 2 (56:16):
Okay, so you bring the fruit in from where you
source that yourself?

Speaker 13 (56:21):
Yeah, low in Northoland, So a Kapity Coast has a
lot of orchards around there in Hawk's Bay. We go
up as far as to pooki for kiwi fruit.

Speaker 2 (56:29):
Of course, did you know anything about fermenting wine ugly
fruit bottles, corks pop in any of that.

Speaker 13 (56:37):
Yeah, we've made a bit of wine before traditional wine
using just grapes in Australia and a little bit of
New Zealand as well. But then when we came to
try and source some fruit, we realized there was quite
a big shortage actually, like a lot of the vineyards
aren't really producing at the sort of levels that they
were or were intended to do. And simultaneously, no one

(56:58):
was even picking up the apples or the cherries or
the fijos because they weren't worth the labor costs to
even pick.

Speaker 2 (57:05):
So you sorted that out. So are you in it
to make ugly fruit work? Are you in it to
make money for yourself? Or are you in it to
tap into a market that already exists or maybe a
market that doesn't exist. And when I try some cherry wine,
I'm thinking, oh my lord, where's it been.

Speaker 13 (57:22):
All of the above? Right, I would say, yeah, it
definitely isn't a market that exists at the moment. I mean,
there's we're a very big apple producer, fruit producer. I mean,
outside of dairy, it's probably our biggest, biggest the export industry,
but we have a fairly small cider industry really relative
to that, I'd say globally we're not known at all

(57:43):
the cider, but we're definitely known for apples.

Speaker 2 (57:46):
What it is that when we taste it, we love it?
Or are you taking a big risk?

Speaker 4 (57:52):
On that.

Speaker 18 (57:54):
Note?

Speaker 13 (57:54):
The vibeer is that when we taste it, we love it.
That we're trying something made in a completely different manner
to anything else currently on the planet as far as
I can tell, and that with something that's suitably in
New Zealand, like it hasn't been taken from another culture,
hasn't been borrowed or copied or anything. It's literally could
only be done here.

Speaker 2 (58:15):
Does fruit all work the same way? Basically, it turns out,
I mean, you can use any fruit you want.

Speaker 13 (58:21):
No, definitely not. We've had trial and error. We've definitely
had a few things we've decided not to work with,
and a few things that just went amazingly from day one.

Speaker 2 (58:28):
Okay, what's hot? What's good?

Speaker 13 (58:31):
Fijos are hot, Kiwi fruits are hot. Okay, Quinces, apples, pears,
all the most common things.

Speaker 2 (58:37):
You know, here we go see quints, not personal to
see you see I got Do I have quints? Or
personally I've got quints? Haven't I've got quints? I don't
know what the hell I've got. But I'm looking at
the tree and I'm thinking, who the hell is doing
anything with that?

Speaker 13 (58:48):
No one, No one is the quints there. They're too big,
they're too hard to work with. No one, no one
can be bothered even picking them.

Speaker 2 (58:55):
So if I for me my quints on Quin's, then
you reckon?

Speaker 13 (58:59):
I reckon. Yep. There's a few tricks to it, though,
but I don't know if I want to put that
live on it.

Speaker 2 (59:03):
No, No, don't do that. What's the what's the alcohol content?

Speaker 13 (59:06):
Roughly they set around seven percent.

Speaker 2 (59:08):
It's not bad. You have a couple of months for lunch,
couldn't you? And what do you charge? What's a bottle
of Quint's fizz.

Speaker 13 (59:16):
Sitting on the supermarket showers at twenty two dollars for
seven to fifty mil so wine wine bottle size?

Speaker 15 (59:21):
Good?

Speaker 2 (59:22):
Are you quids in yet?

Speaker 18 (59:24):
Yeah?

Speaker 13 (59:24):
Yeah, I think so close close to Yeah.

Speaker 2 (59:27):
You go well, it's a great story. I love it.
I love a good locally made story. Cosmo, well done,
Cosmo Hawk, who's the co founder of Fruit Crew. You'll
be able to see some of that at a supermarket
near you, which reminds me, by the way, and I've
come back to it because I've got more detail than
I have time to give you at the moment. But
I watched last Sunday's Country Calendar. Every time I watch
that show, I am so inspired about what people are

(59:48):
doing in this country. But anyway, as I say, I'll
come back to that in a couple of months. Meantime
News this next year in news Talk said.

Speaker 3 (59:55):
My cards game be sateful, engaging and vital. The Mike casking.

Speaker 1 (01:00:01):
Breakfast with Range Rover leading by example news togs Head been.

Speaker 2 (01:00:06):
Now for a supercar catch up with one of the greats,
Marke winter Bottom attire from full time driving a lead
of last year after twenty one years. Career included a
championship in twenty fifteen bathfirst win, of course thirty nine
wins and race victories over the years. These days he's
a mentor and co driver with Tickford Racing. He's got
his book out, Frosty, The Incredible True Story of the
Boy from Doonside who became a bath first King, and

(01:00:27):
Mark Winterbottom is with us. Good morning, good morning.

Speaker 3 (01:00:30):
How are you listen?

Speaker 2 (01:00:31):
I'm very well. Indeed, I suppose when you do a
book you're always sort of full of reflection. And what
I want to know is how different I mean, given
your time in that twenty one years, how different is
supercars from the very first car you drove to the
very last car you left.

Speaker 19 (01:00:47):
Ah, exchanged a lot, But I've been in for twenty
one years. I was in the sport for twenty one years,
so I saw a lot, you know, car models and
manufacturers and all that sort of sigh, had changed a
lot over the years. But even the sport, I think,
you know, social media wasn't around in two thousand and
three when I started, so.

Speaker 5 (01:01:09):
Everyone was polite because a lot of the.

Speaker 19 (01:01:11):
Stuff that happens on social media it wouldn't happen in
real life, so not as many critics in the early days,
and then.

Speaker 5 (01:01:18):
A lot of critics in the back end of it.
But no, it's great.

Speaker 19 (01:01:21):
The sport's in a really good place and I still
love being around it, you know, even though I'm not racing.
It's an incredible sport and changing for the better. I
think there's a lot of good things to come.

Speaker 2 (01:01:32):
So I love to talk about and that now the
people in your sort of position, you know, scape and
lack and no one ever seems to leave the sport.
It's good. It must be addictive, very.

Speaker 19 (01:01:41):
Addictive, once you get fuel in the veins. It's a
very addictive little thing that you inherit. But you know,
for me, I started very young, you know, I sort
of started motors sport at eight years old. That was
my first taste of it.

Speaker 5 (01:01:57):
And at forty four, now I love it more than
I ever have, you know, And I think when you
race it, it's a privilege.

Speaker 19 (01:02:03):
Like I've always thought of it as a privilege to
race cars, but when you have that taken away from
you or your time stops, I think you appreciate it
even more because you know, it's pretty cool to race
a car and drive it three hundred klometers an hour,
have someone else pay those bills for you and let
you drive their piece of machinery. It's pretty cool. But

(01:02:25):
even now I love watching it. I'm helping four young
guys in the Super two program, and they're at the
age that I was when I first started so I'm
at the back end. They're at the start, and it's
reinvigorated the passion for the sport because they'll do anything
to succeed.

Speaker 5 (01:02:41):
And I remember being that kid.

Speaker 3 (01:02:44):
You know, you never leave.

Speaker 5 (01:02:45):
It's a very good sport and very addictive.

Speaker 2 (01:02:47):
So your story, people don't know, it's a wonderful story.
The lottery you win, the you've got the golden ticket
that allows you to get into the sport in the
first place. How many kids back then do you reckon
because of lack of money, couldn't get behind a wheel,
versus saying maybe today that if you're good, you will
somehow find your way to the start line.

Speaker 5 (01:03:09):
Well, it's for me.

Speaker 19 (01:03:11):
It was literally that ticket was the platform to perform. Really,
without that, I was not a chance. I don't think so.

Speaker 13 (01:03:20):
Well.

Speaker 19 (01:03:20):
I kind of feel like Willie Wonka with the golden ticket.
You know it was winning a p week fifty was
life changing because it gives you that tool to show
if you've got talent or not. Because motorsports not for everyone.
But when you do love it and when you get
into it and you're good at it, every next step
you're trying to make doors closed. A lot unless you've

(01:03:42):
got a big check book, so you know, it's very tough.
But for me, I just got the lucky ticket. Then
I took a loan out at the bank, and then
I just kind of kept I was either going to
be in debt or have a career. So I just
never I never look at hindsight, which is probably it
served me well, but it's probably naive.

Speaker 5 (01:04:01):
With my kids, I'd be telling them not to go
to the bank and do the stuff that I did. So,
but it's tough. You know, if there's two people going for.

Speaker 19 (01:04:10):
A drive and this is Formula one speedway, go karts,
whatever it is, one dad has a lot of money,
one dad has zero dollars, the one with money is
going to win, and that's that's the hard thing about
this sport. But then you need to find a way,
and there's always a way just to getting that door,
you know, you just got to For me, doors kept closing,

(01:04:31):
and then I'm like, nah, don't like those doors. I
go over here and try and find a path, because
you'll get told no. Without money, you get told a lot.
So it is a tough career path, but talent and
kind of resilience and determination.

Speaker 5 (01:04:45):
Will get you in just can take longer. It's a
longer process.

Speaker 2 (01:04:48):
So you get your ticket and when how much of
that success do you reckon? Was just about sheer determination
you will not fail versus you've actually got some skill
and that's the luck side of it.

Speaker 19 (01:05:02):
Yeah, well, I think that's a following from what I
just said. You know, when you have two people, one
with money, one without everything, to me was my pride
and joy. It was my last opportunity. So that pee
wee fifty to me was like the holy grail.

Speaker 4 (01:05:17):
It was.

Speaker 15 (01:05:18):
It was the thing.

Speaker 19 (01:05:18):
And then I went on the trading post and took
that pee wee fifty and traded it for a go kart,
and that go kart lived in my sister's bedroom to
her discuss for three months because the garage wasn't big enough.

Speaker 5 (01:05:29):
But didn't help her dating game, that's for sure.

Speaker 19 (01:05:32):
Having a go kart in the room. But that was
my pride and joy, and it was like to me,
that was my ferrari. I looked after that thing like
it was my pride and joy. But if you have
someone that just you get given all the time, you
don't appreciate things. So I think, you know, having that
way of lucking in and not being able to afford things,

(01:05:54):
and you treat things differently, And I think that set
me up for my career because I don't know, when
you you learn to.

Speaker 18 (01:06:02):
Deal with.

Speaker 19 (01:06:04):
Inferior equipment a lot of the time and just but
to you, it was special and you don't complain.

Speaker 5 (01:06:10):
You just get on with it. And those early days
taught me a lot I think about my career.

Speaker 19 (01:06:15):
You know, like you on tough days, you still found
a way to appreciate the machine when it wasn't behaving
the way you kind of wanted it to exactly.

Speaker 2 (01:06:23):
Listen, hold on mate more in a moment, Mark Winterbottom
with us, Will Team past.

Speaker 1 (01:06:27):
The Mike Asking Breakfast full Show podcast on iHeartRadio, how
it by, News Talks.

Speaker 4 (01:06:32):
It Be.

Speaker 2 (01:06:34):
News Talk Hit me sixteen past eight, Mark winter Bottom
with us and Mark A couple of names you'll know obviously,
Ryan would Matt Paine. So compare our young people with
the Australian young people, people like Will Brown, Brock Feeni.
So what I want to know is Will and Brock lead?
Is that because they got better cows, only better drivers.

Speaker 5 (01:06:52):
You guys are so lucky over there.

Speaker 19 (01:06:53):
You just breed exceptional drivers, and it frustrates the hell
out of us over here.

Speaker 5 (01:06:58):
But you know, paining someone that I have a lot of,
I have a fair bit to do with. We go
up the river and.

Speaker 19 (01:07:06):
Spend a bit of time fishing together and have some downtime.
He's an incredible talent. And what sets those young guys
apart now to back in the day is that when
they're eighteen or nineteen, they're ready because they've raced around
the world, they've what they've experienced. They come in and
they're not raw. We're back in our era they were raw.

(01:07:27):
But put Matt Pain in the best car and the
day he'll win, no doubt about it. He's an incredible talent.
And Ron would start to show his true form as well,
and he's in that raw stage of his career, but
he's fast and doing some incredible things.

Speaker 5 (01:07:43):
So par is important.

Speaker 19 (01:07:46):
But at the same time, you need a good driver because,
like I said, good drivers a track personnel. They attract
sponsorship and you grow together. But you know, Matt Pain's
someone I regard very very highly and one of, if
not the best driver in the category at the moment.

Speaker 2 (01:08:02):
What about at the other end age ways you go say,
Will Davidson, maybe David Reynolds and you up until last year.
Of course, I mean do you lose something simply with age.

Speaker 19 (01:08:12):
What's hard is the path that you go on. So
when you're young, teams will take a bit of a
risk on you and put you on long contracts. The
older you get, the contracts get shorter, so and often
that means you what teams and you go down the
chain a bit.

Speaker 5 (01:08:26):
So put a probably in the same comment, Matt Payin
in a teammatean car in Dave Reynolds car.

Speaker 19 (01:08:32):
He's not going to win, but he earns his spot
because he's young. Teams want him because he's got a future.
You know, if you're forty years old, they've only got
a couple of years with you when you're out.

Speaker 5 (01:08:42):
So they like these young guys.

Speaker 19 (01:08:44):
They get them, they develop them, they try and build
the team around them, and they groom them forward.

Speaker 5 (01:08:50):
So that's where it gets tough.

Speaker 19 (01:08:52):
But you know, it's funny when you go on in
Duro Drive and you're hopping a really good car against
one of the guns in the categor you're within half
a tenth.

Speaker 5 (01:09:01):
It's ridiculously close.

Speaker 2 (01:09:03):
And in a few weeks time you're back at Bathurst again.
You're one of the rare people's actually one Bathurst is
is it? Everything they say and more, it's well.

Speaker 5 (01:09:13):
It's the reason I raced. Like I used to watch
that race as a four year old.

Speaker 18 (01:09:18):
You know, we turn it on.

Speaker 5 (01:09:19):
Sounds really bogue and aussy thing, but you turn it
on and seven.

Speaker 19 (01:09:23):
Am in the morning they'd be doing warm up and
you literally had an indent and a couch. The only
time you got up was if you were busting to
go to the toilet. You had to go and run back.
So you know, that's what made me love the sport
was Bathurst, watching brock and Johnson and Moffittt and all
those guys.

Speaker 5 (01:09:39):
So when you do get a just to drive that
track is an.

Speaker 19 (01:09:44):
Incredible feeling, like it's it scares the absolute hellity At
some times it's a track that grabs your attention, but
when you win it, it really hits time how special
it is, because you know, when you win race, there's
always special in this sport. But when you drive into
pitt Lane and you've got grown men just crying, some
of the toughest blokes that you can imagine crying and

(01:10:05):
whimpering and cuddling you, and then teammates and family and
crowd running in and.

Speaker 5 (01:10:12):
You know, media going wild. It hits time, how special
and how many people are watching that race. It's an
incredible moment.

Speaker 19 (01:10:20):
But it goes too quick and you want to win
it again. It sounds obvious, but you want to win
it again and just say, hey, just leave me alone
for a minute, let me soak this in because before
I knew it, when we won it in twenty thirteen,
it was like Thursday or Friday, and I was like,
where's the week gone?

Speaker 4 (01:10:37):
Like?

Speaker 19 (01:10:37):
It just it went like a blur and it's and
then you go on race in Queensland two weeks later
and have a good result or a bad result, and
then you're either grumpy or happy again.

Speaker 4 (01:10:47):
You know.

Speaker 19 (01:10:47):
It's it's a race that you don't get to celebrate
until you probably retire and really look back and go
farra that was cool and I'm kind of at that point, but.

Speaker 16 (01:10:55):
Now I'm going back there to try and win it again.
It's it's been credible And does that keep you satisfied?
I mean, are you in a good place of life,
You're doing some training, you're in duro racing. I mean,
this is this all cream on the cake.

Speaker 5 (01:11:07):
I'm really happy.

Speaker 19 (01:11:08):
It's funny like people retire and they get depressed, and
I'm like, I was worried about that, you know, because
I thought one my wife would divorce me because I'm
going to annoy it too much because I'm too competitive.

Speaker 5 (01:11:21):
It's hard to switch off.

Speaker 19 (01:11:22):
But I've actually really enjoyed it because I get to
spend more time with my kids. I've got a lot
going on outside of racing that is really exciting, you know.
So yeah, I get to spend more time with my kids.
We have that development program with the super two drivers
for Tickford. They're such incredible young humans that I really

(01:11:44):
enjoy spending my time with them. And I'm getting my
racing fixed out of seeing their excitement and results, which
is really cool.

Speaker 5 (01:11:50):
A bit of commentary.

Speaker 19 (01:11:51):
And then we've actually opened up two bakeries in Victoria
with a baker So my life's busier than ever.

Speaker 5 (01:12:01):
But now I get to go on race. I haven't
missed it.

Speaker 19 (01:12:04):
And then I drove the car at the test day
the other day and I was like getting nick can like,
I want this car now it's mine for a little bit.
So yeah, So there's a lot going on, but really
happy with where I'm at in life and probably become
a better person because when you raise you see bad
in everyone because you're trying to compete and beat them.

Speaker 5 (01:12:24):
And now I'm actually like, they're actually good people.

Speaker 19 (01:12:27):
A lot of these people I used to villainize in
my head, you know. So now I'm really happy in
having a good time, which is good.

Speaker 2 (01:12:34):
Well, that's good to hear. Good luck at Bathhurst, good
luck with the book, good luck with the bakery. Of course,
terrific to talk to you, Thank you mate, thanks for
chatting Mark Winterbottom and it's say twenty.

Speaker 3 (01:12:44):
Three them my hosting breakfast with rainthrow b and use
Tom's deed b.

Speaker 2 (01:12:49):
Now if you're planning a trip soon because well business
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And who doesn't want a bit of that action? Pasking
the book, by the way, Frosty, the incredible true story
of the boy from doone Side who became a bathist
Ken great interview with winter Bottom, Mike an intelligent reflection
on a long career in his continuing passion for motorsport.

(01:13:50):
Can't argue with that, Thank you very much, Phil, and
I think he probably goes in the pile of possibly
the nicest guy to appear on the show in twenty
two twenty five. Speaking of nice guys, Into Brady's doing
the business this morning for Rod and we'll talk asylum
among many other matters.

Speaker 1 (01:14:07):
Shortly news, opinion and everything in between, the mic costing
breakfast with Bailey's real estate altogether better across residential, commercial,
and rural.

Speaker 3 (01:14:18):
News talks HEADB.

Speaker 2 (01:14:19):
Quickly running through zime, which is the company that runs
news talk ZEDB has reported to the market this morning.
There's a loss after net loss after tax of zero
point four million, which is next to nothing. That's after
a five point two million dollar non recurring cost. One
roof outperformed the market. This is the real estate part
of the business. One route outperform the market sixteen percent

(01:14:42):
growth and residential listings revenue compared with the one percent
growth and real estate industry market Listings Audio division that's
this up again, grew from fifty six point four million
to fifty seven point one so we're on the right
side of that equation. Digital revenue was up by six
percent for the same period. Growth is expected to lift further,
so that is bullish. Podcast revenue has increased further. A

(01:15:06):
share of digital audio revenue obtained from podcasts grew by
three percent to thirty two percent, so that's good. Subscriptions
Publishing division continued to grow with a five percent year
on year increase, supported by sustained up taking digital subscription,
so that's encouraging. Talked about the past year, the problems,
the you know, all the stuff that you will have

(01:15:27):
read about at the time. There's some information on the
new Editorial Advisory Board, which if you be really interested
you can read talks about the economy. It's not bad overall,
I guess not bad. We're here tomorrow. Good sign twenty
ten minutes away.

Speaker 1 (01:15:43):
From nine international correspondence with ends and eye insurance. Peace
of mind for New Zealand business.

Speaker 2 (01:15:49):
Brad, You're doing the business on the other side of
the world for us Tuesday morning, and a good morning
to you.

Speaker 20 (01:15:54):
Good morning mate, great to speak to you again and
to you too.

Speaker 2 (01:15:57):
So I've got the numbers. One hundred and eleven thousand,
I think was the number I came to as the
number of people turning up on the country illegally and
applying for a son island and in the government also,
I was hauling the system. So where are we with that?
Is anyone winning?

Speaker 4 (01:16:12):
No?

Speaker 20 (01:16:12):
In a word, I mean people breaking into the UK illegally.
That's what the criticism is. Everyone is up in arms
over this. The people who are coming here appear to
be winning, and my reading of it Mike is this
is getting very dangerous for Starmer. People have had enough.
They're very very angry about what's been going on here,

(01:16:33):
and ultimately Stamer needs to sort this out. So you've
got one hundred and eleven thousand asylum applications in the
past twelve months, fifty thousand people have come across here
on Dinghy's since he became Prime minister, and Nigel Farage
in the next few hours in the morning here is
going to lay bare his plans to sort this out.

(01:16:55):
And he's given an interview at the weekend saying that
he becomes Prime minister in four years time, he will
start mass deportations.

Speaker 2 (01:17:02):
See this is where he's going to go. Well, because
Trump's sit the gender on that particular thing. But what
about the legals. I mean, here's he addressed that. So
he wants to send them off to Afghanistan, Iraitrea, etc.
But the courts got involved the last time that idea
came up, So what's he do about it?

Speaker 20 (01:17:18):
So Foraj's argument is that whatever happens someone who gets
sent to Afghanistan, that's not his problem. It's not the
UK's business. Yes, there are some poor, terrible countries out there,
but why should Britain be worried about them? To get
around the legalities of it all, what he wants to
do is take the UK out of the European Convention
on Human Rights, and he says he will do that

(01:17:39):
on day one as Prime Minister. So Starmer just really
needs to address this, start getting serious about stopping the
boats and people coming over illegally.

Speaker 3 (01:17:49):
It's a mess.

Speaker 2 (01:17:49):
It's a complete mess.

Speaker 20 (01:17:51):
I've been away for ten days.

Speaker 2 (01:17:52):
I've been in.

Speaker 20 (01:17:53):
Ireland and I've just driven back from Wexford, where I'm from,
in Ireland, through Wales. Soon as we got into England
starting to see more and more English flags hanging off motorways,
off people's houses. People are getting very very patriotic and
being pushed towards right wing speakers like farash Ah.

Speaker 2 (01:18:13):
Now that would be the very artical origius. Today on
the BBC national flags have started lining our streets. They
may say something more. So this apparently all began in Birmingham,
and so there's something more being that we're a bit
anti immigrant and things are a bit engsty and could
get a bit ugly. Is that the inference?

Speaker 20 (01:18:31):
Yeah, precisely. So we're seeing protests outside these asylum seeker hotels.
Sixteen million dollars a day of taxpayers cash is being
spent on these hotels. People are very very angry. I mean,
you can't get a hospital appointment, you can't see a doctor.
If you've got young people in your family trying to
get a unit by a house, it's very, very difficult.

(01:18:54):
And the narrative being peddled is that these people are
coming here and being given everything. It's hard to argue again.

Speaker 2 (01:19:00):
So on one hand he's getting pulled by Farage. The
other side is Corbyn's new party. What whit do you place?
The point being Corbyn's got a lot of sign ups.
This seems to be a bit of traction. He may
never win a seat, but what he potentially will do
is split the vote. So if Labour's vote gets split
by Corbin and Farage is doing the old anti immigration thing,

(01:19:21):
then the yacentrist parties have about trouble, haven't I Yeah,
big time.

Speaker 20 (01:19:25):
So what we're seeing is a complete fragmentation of UK
politics right now. But let's just hold our horses here
about reform. Yeah, they're riding high now, They're four years
out from the next election. They've got five members of Parliament.
Do they have the political structure and the roots and
the infrastructure to go up against Labor and even a
much smaller Conservative party as they are right now. Corbin

(01:19:49):
may well take some vote away, but they will be
left wing voters from the very left wing of the
Labor Party. I don't think it's going to DNSE starmer,
but what we're seeing a big fragmentation.

Speaker 2 (01:20:02):
There's some talk this morning. I mean this has been
ongoing and it's building up to the budget coming later
in the year and some Texas and wealth Texas and
capital gowns Texas. But now we're talking about the possibility
of an IMF Baila. How much trouble is reebs in?
Oh huge?

Speaker 20 (01:20:19):
So financially the UK is screwed. Let's just face facts here.
There's one hundred and twenty billion dollar of a black
hole at the last month, so the government is spending
way more money than is coming in. An awful lot
of very wealthy people have left the country concerned about
taxes that are just simply too high for them. They're
moving to Italy, Switzerland, Dubai. They're getting out of here.

(01:20:43):
Are we quite at the level of Ireland and Portugal
and Greece and Cyprus not that long ago. I don't
think so. But she needs to get her act together,
and I think the problem she has. I'm no economists,
but I can tell you there are nine point two
million adults of working age here doing nothing, not working,
not in employment, not in education, not in training, contributing nothing.

(01:21:08):
And my suspicion is these are the very same people
who are outside these asylum seekers the hotels. They seem
to have an awful lot of time on their hands.

Speaker 2 (01:21:17):
Mike.

Speaker 20 (01:21:17):
Getting those people working and paying tax would certainly help.

Speaker 2 (01:21:21):
It is always a pretty good to catch up. Let's
talk again soon. Andon Brady out of Britain for us
this morning, just very quickly before we leave that part
of the world. If you're convicted of crimes in England
and Wales, you're going to be barred from going to
a public concert or a sports match. In other words,
they're changing the sentencing rules that would allow courts imposing
non custodials to have the power to hand out driving
and travel bands as well, so that it'll be interesting

(01:21:43):
to see how that goes. And I was just talking
about earlier on about the jobs in Britain. Do you
realize more than half of the UK's job losses since
the last budget have been in hospital, eighty nine thousand
of them. So it's a tremendousnmbing. It's one hundred and
twenty three thousand venues in Britain, se recounts for fifty
three percent of all job losses in the UK, So

(01:22:06):
they're in trouble. It's got an angst about it Britain
at the moment, doesn't it? Sixteen too?

Speaker 1 (01:22:11):
The like asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 15 (01:22:16):
At be.

Speaker 2 (01:22:18):
Mike, you're a petrol head and mother sounds of things.
You may think you have some talent behind the wheel.
Why not get into karting? It's a great sport. Came
out of the window bottom interview. Why not get into krting?
It's a great sport, not just for the young. I
won a North Ireland title at fifty, so why not
have it go? Thank you, Peter. I had a mayjew
go katz and he travels all around Australia and it's
a very accessible sort of motorsport too as far as

(01:22:39):
cost is concerned. By the way I mentioned country calendar,
I got onto this I recorded it over the weekend
because I didn't have time. Got back to it yesterday.
And it's always worth watching Country Calendar because it just
reminds you of how many New Zealanders there are out
there doing things you've never seen specifically anyway, this was
a kiwi fruit family and the land had been in
the family since the eighties, and they've gone through PSA

(01:23:01):
and they changed from green to gold and all that
sort of stuff, and what they're doing and how they
do it and all that's interesting in itself. But one
of the things they had was some South African tech
that they use on their phones. And I remember doing
this because my dad used to own a bit of
kiwi fruit and you used to go out with your
little pincers and you measure your kiwi fruit and then
you'd write it down and put it in a diary.
Then you add it all up and you'd work out

(01:23:22):
from basically the size and way of the kiwi fruit.
These days, you just go around with your phone. Click
click click, click, click, click click click click, take take
some photos. They've got the starlink on the back of
the truck. You take it from the phone to the starlink.
Its back Bank tells you exactly how much you've got.
They do a day's worth of what would have been
a day's worth of work in half an hour. That's technology,

(01:23:44):
that's progress. But it's a lovely story. They're a lovely
family and as always, it's well worth watching the other
thing quickly. I wish the very best to because there
seems no lack of energy and the tourism sector, and
we're looking to get this thing going because we're back
at eighty six eighty seven percent of people arriving in
the country and my god, do we need the tourism
industry to fire up. So there's two tourism groups they

(01:24:06):
wanting an integrated campaign. This is the Backpacking, Youth and
Adventure Tourism Association in the HOSPOW in New Zealand. They
want stronger action to attract working travelers. Lilo Hostel Managing
director Timmel, he's been around for years. He wants the
working holiday visa rage extended past thirty five. He wants
it to go to fifty. And the thing about when
you think about the working holiday visa, you think about

(01:24:27):
youngish people traveling around the country, don't you You know
they've got a backpack and they'll do a bit of
bar work and a bit of hospow work or whatever
the case. Are you still traveling around as on a
holiday working visa when you're fifty? Are you? Would that
make a difference if you did this? Next time we
get Nicola, not Nikola willis what's his name, Erica stamford On.
We'll ask whether they're looking at that. But they want

(01:24:48):
the visa age extended from eighteen to thirty five up
to fifty. Number of working holiday visa has been steadily declining.
They've got research It shows working travelers support more than
one point two local jobs per visit, so which dollars
spent by a youth visitor generates a buck forty in
regional economic activity. Number of working travelers in the country's

(01:25:08):
drop by more than half since twenty sixteen, so they're
not coming either. So they've got this campaign, these two groups,
the Backpacking Youth and Adventure Tourism Association, along with Hospoit
New Zealand, and they want to fire up the tourism industry.

Speaker 16 (01:25:20):
So some digital nomad for us over there won't there.

Speaker 2 (01:25:24):
It's not a bad point. Actually, wonder whether they're the
same thing. But anyway, remind me next time Eric is on,
will see if we can't get some answers. Nine Away
from nine.

Speaker 1 (01:25:32):
The mic Hosking Breakfast with Bailey's real estate news dog Dead.

Speaker 2 (01:25:36):
The Sadema Hotel celebrating twenty five years right twenty fifth
birthday and instead of cake, the serving up deals that
you will want to unwrap. So we got for a
week only, you can grab one of one hundred rooms
for just twenty five bucks. I mean that is a deal.
One hundred rooms for just twenty five bucks. If you've
got another day to mind, you can take twenty five
percent off your next day. So this is a Sadima
Hotel's way of saying thank you for twenty five years

(01:25:56):
of being part of your travel. So from the first
welcome at check into the blist will night sleep, and
all the thoughtful little touches in between. They know how
to make every stay special. Where are they Auckland, Rotororu
at Kaikoura, christ Church, Queenstown. There's a Sedema waiting whether
your plans take you to a city break or a
coastal escape, or a therminal a mountain adventure, But you
better hurry the birthday bash. It's brilliant. It ends Monday,

(01:26:17):
but those twenty five dollar rooms may disappear sooner as
you can imagine. So celebrate twenty five years, one hundred
and twenty five dollar rooms or twenty five percent off
book by the first of September. Here's the details. Sadema
Hotels dot com. Sedema Hotels dot com. Ask it Mike,
what you record? Why not go the tbn z app

(01:26:38):
and watch old episodes? Less ads? It's few ads. But nevertheless,
the reason you don't do that is count spin. You
spin through things when the old fashion record. When you
record something, you spin it through back, forward, up and down.
The streaming does not spin the same way, much to
my ongoing frustration. Five minutes away from nine.

Speaker 3 (01:26:56):
Trending now with Chemist where great savings every day?

Speaker 2 (01:27:01):
So Medvedev Daniel tennis player. He's at the US Open.
This is going viral as we speak. I watched it
this morning. He's such a cock anyway, so he's he's
he's got a problem. He's number world number thirteen. He's
playing a bloke called Bonzi who misses the first serve
on match point. Photographer runs down the side of the
quarters the problem, then this happens.

Speaker 3 (01:27:21):
Get up the court please, looks like a photographer headchs
on to the court, ladies and gentlemen.

Speaker 20 (01:27:30):
Because of the delay, carts by an.

Speaker 3 (01:27:32):
Are getting a first serve.

Speaker 9 (01:27:34):
No word.

Speaker 3 (01:27:37):
Meant that of encouraging the crowd right now to keep doing.

Speaker 2 (01:27:41):
The prefer you want to go home. He wants to
go home, guys.

Speaker 6 (01:27:44):
He doesn't like to be here.

Speaker 2 (01:27:45):
He gets paid by the match, not by dow.

Speaker 19 (01:27:48):
Yeah what did rile?

Speaker 15 (01:27:51):
What did right.

Speaker 4 (01:27:54):
Let play?

Speaker 2 (01:27:55):
Yeah? So Opelka is the other player who called the
umpire the consensus worst among players and should be suspended.
He copped to fine her forty thousand dollars. Have you
missed that? Because it's slightly complicated. The guy missed the serve,
photographer runs on and the umpire goes. Well, because the
umpire ran on, you can have that first serve again.
It was match point, and quite rightly, Medvedev was ropable

(01:28:19):
as he should have been, and the crowd were too.
But the problem is he didn't need to go on
and do what he did. So I'm assuming there's some
sort of fallout out of all of that, even as
I don't know if it's his wife or his girlfriend.
But she had her head in the hands and she
was all a bit embarrassed about it. But the important
thing about the US Open all the balls are made
of New Zealand wool, so that's all you need to
know about, So it doesn't really matter what else happened.

(01:28:40):
The balls will be made of New Zealand wool. Have
you ever smashed up a racket like that?

Speaker 4 (01:28:45):
Ye?

Speaker 2 (01:28:47):
No, funnily enough, that was the other thing he did.
He'd he took some rackets at the end of the
game and just sat there, didn't even stand, he just
sat there smashing them to pieces. So he's at back
tomorrow morning from six if he does.

Speaker 1 (01:29:07):
For more from the Mic Asking Breakfast, listen live to
News Talks at B from six am weekdays, or follow
the podcast on iHeartRadio.

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