Full Show Podcast: 27 August 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
New Zealand's home for trusted news and views. The Mike
Hosking Breakfast with Rainthrover Leading by example, news togs dead bes.

Speaker 2 (00:08):
I mean, welcome today new Visa's new tax rules to
boost migration and investment in the country. We've got a
new report that says we're about to outdraw Australia and
will do for several years. Thank you very much, New
and to Ireland. Fairy Idea. Mark and Jimmy do Politics Wednesday.
Richard arm and Steve Price. They rock on up.

Speaker 1 (00:24):
As well, Pascal, but all the week.

Speaker 2 (00:26):
Welcome to it. Seven past six. The Retirement Commissioner producing
those figures yesterday that shows self employed have less key
we saber than employees does nothing but reinforce this country's
great predilection of mucking about with issues not really solving them.
Seems transparently obvious to me by now, after all these years,
that those who saved save those who don't don't. It
seems transparently obvious. Also, you can't rely on a government

(00:47):
who changes the rules that will when it comes to contributions.
It also seems obvious. Individual interpretation of wealth or fiscal
comforters unique to the person so cajoling people to put
money aside won't work if you don't want it to.
So here we are, all the years later, with an
average nest egg of about thirty something thousand dollars. It's nothing.
It's not going to see you right. It won't cushion
the retirement blow. It certainly won't stop the retirement superannuation debate.

(01:10):
What will compulsion look at Australia's numbers, look at ours?
Case closed. Now that's not to say I favor that.
I mean I favor people doing their own thing. I
favor not being barked at about a dollar year a
dollar their government contributions, endless harping about old people and
the cost of the state. If you want to reduce
the cost of the state, make people safe, because we
know they are not insufficient numbers currently nor showing any

(01:32):
real signs of taking the habit up. If you don't
make people save, you will forever be pushing out retirement
in the age, or cutting back on payments, or hoping
the super fund strikes oil or gold of both and
solves the problem another way. The politicians are afraid to
pull the gauge trigger. There are still those who argue
in fact, there isn't actually an issue at all. It's
just all overhyped. So short of some bold decisions, we

(01:53):
busy ourselves with reports stating the bleeding obvious. The simple
truth is no one's happy. And that's what happens when
you have a leadership vacuum. Somebody needs to own this
and call it, and then having called it, keep their
head down for a while with all the ensuing whining.
But look at Australia, look at us, look at the
bottom line. They win. It's not hard. You just have

(02:14):
to want to actually make a decision.

Speaker 1 (02:18):
News of the World in ninety seven.

Speaker 2 (02:20):
Now in sat in Britain with the Yanks, if not
anger grows by the day over these boat people crisis,
which is why reformers are hidden the Poles at the
moment in Farage. Here's an answer.

Speaker 3 (02:28):
If you come to the UK illegally, you will be
detained and deported and never ever allowed to stay period.
And we're the first party to put out plans that
could actually make that work.

Speaker 4 (02:42):
Are they?

Speaker 2 (02:42):
The Tories? No political attraction when they see it.

Speaker 5 (02:45):
He is not doing the thinking we are. And just
like we've seen with the lab of Governments, who didn't
do their thinking and opposition, there'll be a disaster in
government and in particular a disaster on the economy.

Speaker 2 (02:55):
Other thing Britain's unhappy with is the price of food
this past month four point two percent. Thank you very much,
past us place in eighteen months.

Speaker 6 (03:02):
What is your prices arising? Poor harvest on some commodities
means that increased price is going into businesses, but also
more significantly increased costs than many self imposed from a
government point of view.

Speaker 2 (03:16):
Well, I'll tell you what it is. It's the eggs
and butter doing the damage. I mean, where have we
heard that before? Actually speaking of eggs.

Speaker 7 (03:22):
So energy is way down, groceries are way down, eggs
are way down. When we came in, the eggs were
through the roof. There were four times higher than they've
ever been. And my first question from you people, what
are you going to do with eggs? They said, what's
the problem with eggs?

Speaker 2 (03:36):
He's holding another river's cabinet meetings there where there's more
sort of Q and I than the roof's cabinet. Meantime,
across the country in Phoenix, a lot of dust yesterday.

Speaker 8 (03:43):
The wind's now peaking at seventy miles an hour as
the storm creeps in and the temperatures they dropped thirty
five degrees in just thirty minutes, So again incredible, But
this is what happens when you get these very intense
thunderstorms during the monsoon.

Speaker 2 (03:58):
Season, the monsoon season in Phoenix. Who knew? Then to
the Middle East where the back and forward over journalist
droves into another day.

Speaker 9 (04:05):
A lot of Palestinian journalists are not considered by the
IDF in Israel to be unbiased third parties. That's the
reason why in the past the IDF has cited for
targeting some of these journalists.

Speaker 2 (04:17):
Finally, over tourism issues and JJ's with Jjujju's the Hawaii
of South Korea, over thirteen million people made of the
world's busiest flight path. Actually Salt to Jju is the
world's busiest flight path Salt to Jju. Who knew anyway?
Locals have complained about the behavior once they get there.
So the Tourism Association printed eight thousand copies of how
to behave guidelines in Korean, English and Chinese. So it's

(04:39):
the basics. No smoking and non designated areas, no jaywalking,
no littery, no damage in the environment. I mean, how
hard can it be for goodness sake? Fine as sixty
dollars or if you're real pig dol tossi and jail.
Apparently here's the world in ninety Cook's gone, Lisa fed
Federal Reserve. He's booted around. She's got a lawyer, so
she'll be suing. That'll ultimately end up in the Preme Court.

(05:00):
Other court case of note, in the last twenty four hours,
a federal judge has blocked the kilmar Garcia case. This
is the guy got sent to El Salvador, then they
brought him back. He handed himself into ice this time yesterday.
So that ended up in court yesterday and for now,
US District Judge Paula Zinnis has barred the government from

(05:20):
Deportingham until they can have a proper hearing. Twelve past six.

Speaker 1 (05:26):
The mic Asking Breakfast Full Show podcast on iHeartRadio call
it by News Talks.

Speaker 2 (05:31):
EVY started with Chips Something to Watch and Intel was
the other one. The other day. The government, the US government,
this has took a ten percent take in Intel. Lutnick
Cobernight is thinking about whether they should get into Lockheed
Martin as well top defense contractor. So the government might
end up owning everything before we know it. It's fifteen past six,

(05:52):
Go my wealth.

Speaker 10 (05:53):
Andrew Kallahar, Good morning, very good morning, Mike.

Speaker 2 (05:56):
Right, restaurant brands, that's a that's a bell where there
isn't it if we're stuffing up with burgers and all
that sort of thuff.

Speaker 11 (06:01):
Well, historically, I always used to used to think so
I always used to use it a bit of a
blunt barometer for discretionary spending in New Zealand.

Speaker 10 (06:09):
You know, you've got a bit more you've got a
bit more.

Speaker 11 (06:11):
Money in the wallet, and you go out and you
buy a bit of KFC or whatever. Not quite as
clean a reflection now because the business has got more
of a global footprint. You know, they've got exposure in Hawaii,
in California. Now they've got the brand KFC, Carls Junior, Pizza, Hut,
Taco Bell. I can't really speak from experience about this, Mike,
because I'm not really a big class food guide, but

(06:32):
you know, they're half year earnings released showed that profitability
is coming under a little bit of pressure. Now just
look at the positives though they have grown their sales,
they've grown, their revenue profit has fallen. So revenue or
total sales was a record seven hundred and three point
two million dollars worth of sales, so that's up two
point three percent on the prior period. Their stores in

(06:53):
Hawaii are going well on the revenue front. They've also
had new stores in New Zealand as well. They do
talk to the persistent macroeconomic headwinds and that Mike is
a fairly recurring theme in earning announcement so far this year,
also talking to the shifting consumer patterns in the quick
service restaurant sector.

Speaker 10 (07:13):
It's not fast food anymore.

Speaker 11 (07:14):
You're now talking about the quick service restaurants net profit
APT attacks eleven point nine million, that's down five point
six percent on last year. Yeah, they are battling locally
along with many other businesses, and they refer to this
slower than expected economic recovery and that MIKE is the
most widely heard refrain in economic analysis of twenty twenty five.

Speaker 10 (07:37):
Yeah, Australia, Alsustralia.

Speaker 11 (07:38):
They've got five hundred and twenty two stores now, which
is a lot, isn't it. Share price two dolls ninety
back in twenty twenty one, that share price was sixteen bucks,
but it.

Speaker 10 (07:47):
Was stable yesterday.

Speaker 2 (07:48):
Okay. Vulcan Steel, Yeah, we.

Speaker 11 (07:50):
Talked steal and Tube the other day. A tough gig
for these businesses. At the moment you turn the spotlight
from Stealing Tube to Vulcan and tough economic condition is
still evident. Vulcan's actually gone into a trading hold. The
company announced a modest capital raising. They're raising eighty eight
million dollars to buy a local firm called Roofing Industry Limited.
It's a local supply of roofing planning rainwater products in

(08:13):
New Zealand. They've got two hundred and fifty employees, fifteen
branches nationally, so they're buying them.

Speaker 10 (08:18):
They've also announced their results.

Speaker 11 (08:19):
This is Vulcan revenue down eleven percent, earnings down twenty
four percent, steel volumes declined, revenue per ton for steel declined.
Underlying profit fialth fifty five percent, eighty million.

Speaker 10 (08:32):
So look listen to their words as well.

Speaker 11 (08:35):
Persistent and evolving economic challenges across both the New zealand
Australian markets.

Speaker 10 (08:40):
But there's always a butt here, Mike. They said.

Speaker 11 (08:43):
In the last three months they've observed encouraging signs of stabilization,
early indicators of renewed momentum, shap price seven dollars twenty.
It was a bit low earlier this year, so it has.

Speaker 2 (08:54):
Recovered, okay, across it well, So what do we make
of Lisa and the Fed?

Speaker 11 (08:57):
And oh mate, lots of you has started last night,
but it's probably all overshadowed by this news about Trump
trying to fire Fed Reserve Governor Lisa Cork and the
big debate now whether Trump has the authority to do so, Mike,
The big picture here is that Trump would like interest
rates lower, and he is unashamedly.

Speaker 10 (09:16):
Trying to influence the Federal Reserve. So Cork was appointed
by Biden.

Speaker 11 (09:20):
Now her term runs until get this, twenty thirty eight.

Speaker 10 (09:25):
Twenty thirty eight. Now she most.

Speaker 11 (09:27):
Importantly about this, Lisa Cook is on the rate setting committee,
so if she is removed, Trump would have the opportunity
to appoint a replacement. He's already put Stephen Moran in there.
He gets to name a new chair before May next year. However,
there are twelve people on the committee, so if he
can really you can't get a majority on there, but
he can certainly create more influence than that overshadows some

(09:47):
of the economic data overnight.

Speaker 10 (09:49):
Were durable goods orders foul.

Speaker 11 (09:51):
Richmond FED manufacturing was a little bit better than expected
than consumer the Conference Board consumer confidence better than expected
as well, So data was okay. Of the big stories.

Speaker 2 (10:01):
About Trump and the Fed, give me the numbers.

Speaker 11 (10:03):
Sure, The Dow Jones is up twenty eight points, so
that's not much. Forty five thousand, three hundred and nine.
The S and P five hundred is up four points
six thousand, four hundred and forty three, also very small gain.
And the NASTAC up point one eight percent twenty one thousand,
four hundred and eighty seven.

Speaker 10 (10:20):
The forty one hundred overnight foul point six percent, nine
two six five.

Speaker 11 (10:24):
The NICKET was down just under one percent forty two thousand,
three hundred and ninety four. Shang Honk composite down point
three nine percent three eight six eight. They closed there.
The ASEX two hundred lost point four percent yesterday eight
nine three five, and the NSECTS fifty down one hundred
and twenty one points point nine three percent twelve thousand,
nine hundred and fifty seven.

Speaker 10 (10:46):
Kiwi dollar up a little bit point five.

Speaker 11 (10:48):
Eight sixty two against the US point nine oh twenty
four against the Aussie, so sort of flirting with that
ninety cent range, which has been a bit of a
bit of a bit of a barrier historically. The euro
point five three five I went four to three four
nine against the pound eighty six point three seven Japanese
yen gold is trading at three thousand, three hundred and
eighty two dollars and break fruits come back a little

(11:09):
bit sixty seven dollars and twenty eight cents.

Speaker 2 (11:12):
Fantastic, See you tomorrow. Andrew kellihat Jomiwealth dot co dot
m zhsky I was part of the visit yesterday to
the White House. Korean Air said, can we have one
hundred and three Boeing airplanes seven eight sevens, triple sevens
and seven three sevens. They'd actually announced that's thirteen point
seven billion dollars worth of business. They actually announced they
were going to do that last year, but they re
announced it yesterday just with funzies because you know how
these things work. And Apple this morning I have sent

(11:34):
out the invites. I hope you got one to their
latest event at the campus September nine, which is this
Tuesday week tagline is that's going to be are dropping
word is probably a watch in an iPhone seventeen Are
You Excited? Six twenty one. You're at news talk ZBO.

Speaker 1 (11:57):
The Vike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at Me this time.

Speaker 2 (12:04):
Ish yesterday, we're talking to Catherine about the Prime Minister Babu,
who's going to in September a couple of weeks time,
go for a confidence motion. He's trying to trim the
budget and join the real world and actually pay their way.
The market tanked overnight, the CAC forty tanked. They don't
think he's got the numbers, and if he doesn't have
the numbers, the government falls, which is a nightmare. And
it wasn't just me yesterday, but I thought the Iranians

(12:28):
blowing stuff up in Australia and expelling a diplomat was
actually quite a big story. And I'm looking around the
local media. They got there eventually, but it didn't seem
to be as big. I thought, this is a big
deal where the Iranians are in this part of the
world blowing things up, and the Prime Minister of Australia
comes out and goes he's off and we're closing down
the embassy in Tehran and we're shifting our people out

(12:49):
of that country. I would have thought that was a
bigger story than it was. Anyway, Steve Price is with
us in a couple of our six twenty five.

Speaker 1 (12:55):
Trending now with the Women's Squarehouse. You're one star for
Father's Day, Frances.

Speaker 2 (13:01):
The decision to hire Snoop speaking of Australia for the
AFL halftime show, well that's a thing.

Speaker 12 (13:05):
One hundred thousand fans and the best two teams and
your boy, big Snoop deal double g at the mcg.

Speaker 2 (13:15):
Anyway, former afler now radio host Guy called brendan fi Bowler,
He's revealed on a show that he's got the word
from inside the AFL that Snoop's actually going to get
the cut. So it comes after some weekend comments he
made about same sex couples being in animated movies, as
well as the fact that the AFL gave one of
their stars a formatch band for using a homophobic slur
on the field, which is something that Snoop says a

(13:35):
lot and his lyrics so eave a fellow radio host
Kyle Sandlan's.

Speaker 13 (13:38):
Because all these AFLs are all they're all a bunch
of or he called me an F word, or he
called me gay, and they want to find everyone like
their their own community. And now someone has said Snoop
Dogg has used this gay slur. Yeah, Snoop's written about
pimping out women like whores his whole life, taking drugs,
gang bangs like, yeah, you knew who you were hiring.

Speaker 2 (14:01):
See well, the the for me for some Snoop terms
up everywhere. It's got a kind of him again, is
it really? I saw him at the Super What was
good about Snoop at the Super Bowl a couple of
Super bowls ago is he had a whole lot of
fellow rappers and it was quite the show. And even
if you didn't like rap music, this was when it
was in Los Angeles. Even if you didn't like rap music,
you had to look at the show and you go,
you know what, they're actually quite cool. Snoop by himself

(14:23):
in the middle of the MCG really doesn't have quite
you know, in front of a bunch of pissed bogans,
really just doesn't have the same vibe. I wouldn't have
booked him. Anyway, We'll see where it goes. Grand Final
lays the twenty seventh of September, by the way, so
that I've got a month or too. I sorted out
tell you what the government is movie. You cannot mark
the government down for not working their butts off on

(14:44):
trying to fix this economy. Today it's business around tax.
Jeff Nightingale to O Man, so he'll explain to find
a detail on that that's for migrants. And then Erica
Stamford more visas. She's like, Oprah, I got a visa.
You have a visa. Everyone have a visa. Have you
got a visa? I haven't got a visa. Everyone I
have a visa. So there's more visa changes to be
announced today as well. She's with us after seven thirty. Meantime,

(15:05):
the News is next.

Speaker 1 (15:08):
Setting me agenda and talking the big issues. The Mic
conking Breakfast with Bailey's real Estate altogether better across residential,
commercial and rural news, togs head b tod.

Speaker 2 (15:19):
A new threat to Baltimore's Chicago, New York, Los Angeles,
and side goes for Trump of the National Guard Richard
Arnold with Moore on that shortly and Obviously, the Lisa
Cook story continues to unfold. Back here at twenty three
to seven. Couple of tax changes to tell you about
new bill to stop migrants being taxed on estimated obseas
income and instead only on what they actually are. And
also people and I hadn't thought about this. People using

(15:40):
solar and feeding it back to the grid won't be
charged income text did you think about that when you
stuck a few panels on your roof? Anyway, Jeff Nightingale's
an independent taxi expert in its back with us. Jeff morning,
Good morning, Mike. This migrant business estimated v received as
this complex.

Speaker 12 (15:54):
Yeah, well it is a little complex, but it's it's
a good measure. At the moment, New Zealanders pay a
deemed tax on foreign shares and that's a deemed income
of five percent, and the that gets taxed at the
marginal rate. So that's a cash cost for owning shares,
whether or not you get a dividend or whether or

(16:15):
not you sell them. And that's been a real problem
for high value migrants, and particularly now I've got the
active investor plus scheme. We want these people to come
here and invest five to ten million and they usually
have a portfolio of shares of other things I've done
around the world, and we immediately start taxing them on
an annual basis whether or not they sell. So it's
designed to address that and make it more attractive to

(16:36):
come to New Zealand and it's a good measure.

Speaker 2 (16:38):
Does that put us on a level playing field for
migrants with other countries and the tax treatment.

Speaker 12 (16:44):
Yes, because generally they are subject to terrible words, but
generally they are subject to capital gains tax on those
offshore share portfolios in their home country, but only when
they sell them. And you know, some of this adventure
capital investment may never be worth anything. And so what
we're doing is giving them the option to elect into
essentially a sort of a capital gains tax regime in

(17:06):
New Zealand and say, if you sell those shares, will
tax seventy percent of the profit, pay tax in New Zealand,
get a credit in your home country so it aligns
with their offshore jurisdiction better.

Speaker 2 (17:17):
What would your assessment of that being a handbreak if
we hadn't changed it. Is it a major?

Speaker 12 (17:23):
Yeah, it was a major because particularly with this Golden
visa active investor thing, because that's the people we're trying
to attract the five to ten million dollars to invest
in New Zealand. So I think it's a good move
to fix it there. The only disappointing thing is that
would have been good to give that elective option to
all New Zealand.

Speaker 2 (17:39):
Is not just well, I was going to say, so
what's a migrant? What's not a migrant and a You're
giving different treatment to different people.

Speaker 12 (17:45):
Yeah, you are. So a migrant is someone that's not
been resident of New Zealand for five years, So it
does apply to returning New Zealanders. You have to have
been non resident for five years. And there was a
lot of lobbying to try and get the because it's
an electivor your elected to it, so there's a lot
of lobbying to try and get it extended more broadly.
But but at the moment, the government's just focused on

(18:06):
this one problem.

Speaker 2 (18:07):
Okay, the good thing, as I said, I hadn't thought
about it. I mean, you're stick some panels on the roof.
You think you're doing the right thing, saving on a
power bill, But I mean the concept of paying tax,
I mean that would be that would come as a
surprise for many people, wouldn't it it will?

Speaker 12 (18:18):
Yeah, you sell the electricity from your run off solar
and its income, and so then you've got to declare
that income. You've got to claim costs for putting the
panels on the roof, and it's just a nightmare. And
so this is a really sensible, pragmatic thing. The government's saying,
a little bit of income from solar panels on your roof,
we're just going to call it exempt. What trouble you
with the tax system? It's a really sensible thing to do.

Speaker 2 (18:40):
From tax point of view. Is the government doing pretty
much all they can about getting people into the country
and making it easy.

Speaker 12 (18:46):
Now, yeah they are, because the other thing in this bill,
this is a big bill, it's a hundred page tax bill.
But the other thing in there is a provision to
allow digital nomads, so people to come to New Zealand
and work here. So we already changed the v so
you can do some digital work on a visitor's visa
and work back into your offshore employer. And now we've

(19:06):
changed the tax rules to say that you can do
that for two hundred and seventy five days in an
eighteen month period without being subject to New Zealon tax.
But it's got to be an offshore employer and you've
got to be paying tax on that income in the
offshore country. But that's another sensible move to get more
people into New Zealand.

Speaker 2 (19:23):
Good Insight has always Jeff preciate your expertise. Jeff Nightingale,
independent tax expert with us this morning to the stage
shortly nineteen two.

Speaker 1 (19:30):
The mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks a B.

Speaker 2 (19:37):
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(19:58):
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So why wouldn't you switch to Milford for that? Kiwisaber
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No worries past performance not a reliable indicator of course,
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(20:21):
Product disclosure statement that's at Milford Asset dot com before investing.
You may wish to seek financial advice and for more
information on Milford's advice services and to see their financial
advice provider Disclosure statement. Milford Asset dot com slash getting
Dash Advice. You got that Milford Asset dot com slash
Getting Dash Advice pasking. Of course, it's the tax treatment

(20:43):
on the soul. You don't need to worry about that
for too long, based on the fact that eventually what
will happen is when you feed it back to the grid,
they won't pay you any money and they'll probably end
up charging you anyway. Guess who had some views on
SOULA today.

Speaker 7 (20:55):
Thousands of acres of our farm land. You see these
big ugly patches of black plastic that comes from China,
and the solar is you know, I like solar in
some ways. But for firing up your big plants. It
doesn't work. It's very unstable. But it really takes up
your farm. The farmers are saying, you know, they're building

(21:16):
these massive blotches in the middle of the fields all
over the country. It's so crazy. It's so crazy. So
we're not heavy into.

Speaker 10 (21:23):
That at all.

Speaker 1 (21:25):
International correspondence with ends and eye insurance, peace of mind
for New Zealand business.

Speaker 2 (21:30):
Not obtainably renewable pathway A six forty five Richard Donald
warning to you, and.

Speaker 14 (21:35):
No wind turbines in front of Trump golf courses round.

Speaker 2 (21:38):
Not where are we hitting too? Nixt with the National Guard.

Speaker 14 (21:41):
Now it is Chicago. Trump is escalating his threat to
send arm National Guards into Democrat run cities. He's calling
the state's governor, JP Pritzkipp a slob, saying at his
cabinet session a short time ago, you.

Speaker 7 (21:53):
Would think that Illinois will have such a problem with crime,
such a bad governor. He should be calling me and
he should be saying, could you send over the troops?
Lizz is that of control?

Speaker 14 (22:05):
Britsckier says he has a somewhat different message for Trump.

Speaker 2 (22:09):
He says, this.

Speaker 13 (22:11):
Is not about fighting crime.

Speaker 15 (22:13):
This is about Donald Trump searching for any justification to
deploy the military in a blue city in a blue
state to try and intimidate his political rival.

Speaker 14 (22:24):
Stan of Chicago, says Pritzker, who says Trump wants to
be a dictatum.

Speaker 1 (22:29):
Trump's is so a lot of people say, you know,
that's the case. I'd rather have a dictator. But I'm
not a dictator.

Speaker 7 (22:35):
I just how to stop crime.

Speaker 14 (22:38):
On that crime issue, pritz Gier is responding with this.

Speaker 15 (22:42):
Eight of the top ten states with the highest homicide
rates are led by Republicans. None of those states is Illinois. Memphis, Tennessee, Hattiesburg,
Mississippi have higher crime rates than Chicago, and yet Donald
Trump is sending troops here and not there. Ask yourself why.

Speaker 14 (23:02):
Well, Trump appears to have way more in mind with this.
He's just signed an order for a major expansion of
National Guard's role in policing course, with the creation of
specially trained units that can be mobilized quickly to quote
unquote and sure public order. In the past, national guards
have been temporary deployed by state governors, only not by
the Feds, and mostly to help out in the wake

(23:25):
of natural disasters.

Speaker 2 (23:26):
So all this is new.

Speaker 14 (23:27):
Pritzker says, if he sounds alarmist, it is because he
is sounding an alarm He says also the crime levels
are down in Chicago and that residents do not want
armed troops running around in their streets. He also warns
the Trump team.

Speaker 15 (23:40):
If you hurt my people, nothing will stop me, not
time or political circumstance, from making sure that you face
justice under our constitutional.

Speaker 14 (23:51):
Rule of law.

Speaker 1 (23:52):
Tough talk.

Speaker 14 (23:53):
Well, we've seen some Trump deployed guards in LA and
in the US capital surveys in both cities showing that
large numbers of residents opposed this. Pritzker's remarks, though, are
the toughest we have heard to date in this ongoing challenge.

Speaker 2 (24:05):
Right Lisa Cook Nex's problem. Plenty of lawyers and ice
humid ends up at the Supreme Court. Eventually, lawyers always
do well.

Speaker 14 (24:11):
Yeah, but none of this is a done deal. For
the first time ever, a president has sought to fire
a federal Reserve governor, Lisa Cook, who is first black
woman ever to serve on that seven member panel. She
says she's not going, she won't quit. She is now
suing over the attempt by Trump to dismiss her that
was announced today. Trump says he is pressing ahead with
it all, so it's likely to go before the US

(24:31):
Supreme Court, process that could obviously take months and months
and months. There is a betting game going around among
some self described experts who suggest there's only a thirty
percent chance that she'll be ousted before years end. Wall
Street now seems to be taking all of us in stride.
There has been a little activity on the market indexes.
Today's session. The Trump team signs an accusation against Cork

(24:53):
of mortgage fraud. She denies any wrongdoing. She hasn't been
charged with anything. Nobel Prize winning eccondm as Paul Krugman
is a bit more ag about this, and investors seem
to be. He is saying this is a.

Speaker 16 (25:04):
Five of our fire as a message to everybody else
on the Fed's board and basically to government officials of
any kind that get in our way, don't act as
an obedient minion of Donald Trump, and we will ruin you.

Speaker 10 (25:20):
It will destroy you.

Speaker 14 (25:21):
You know everyday folks have mistake in all this as well.
Trump has routinely slammed Jerome Powell, the FED chair, calling
him stupid, a numb skull a more on and on
and on and on. But since fed chairs are supposed
to be independent, and conventional thinking has been if you
sack the FED boss, all hell could break loose. Meantime,
interest rates remain high because of the anti inflation battle,
so every day consumers wind up paying for it all.

Speaker 2 (25:45):
So you product Richard on the state side and just
we've got problems because Elbow's got problems, and elbows got
problems because Crunt doesn't like it. So what's happened here
is this is the bargaining code, the news bargaining Code.
Australia is trying to get the big tech companies you
meet as your Googles, your facebooks, to pay for local
news services. So basically, they nick it. They see something
on the ABC in Australia, they nick it, they put

(26:06):
it on their feed and they make money out of it.
We don't like it. We don't like it here, they
don't like it there. So the news Bargaining Code we
were doing. We've done similar deals, but big tech have
worked out they don't need to do deals anymore anyway.
So Australia was looking to pass legislation. We were looking
to follow them if it was successful. It isn't going
to be because Trump said yesterday, if you pass that,
you're attacking American industry. If you're attacking American industry, I'm

(26:28):
going to tear us the producers out of you. So
that's the end of that. Both there and here. Nine
away from seven.

Speaker 1 (26:35):
The make Hosking breakfast with rainthrow Bern news togs dead.

Speaker 2 (26:38):
Be Mike, I'm probably a bit thick, but won't this
new visa detract from the five to ten million dollar categories? No,
you're not thick. It's a very fair question. The answer
is no, it won't because the person and we'll get
the full detail from America Stanford when she joined us
after seven thirty. But one million dollars is not five million.
It's certainly not ten. There's lots of people in the
world have got a million dollars, maybe two million dollars
to come to the country for a residency path than

(27:00):
a business. But it's not five or ten. So I
think they're completely separate categories. But it's well worth asking, Mike,
how important is this potential FONTIRA capital payout to the
overall economy. I know a lot of people are in
debt repayment, but it does free up cash flow. Is
it enough to kick start the country back into life? No,
not in and of itself there, but it's four billion

(27:20):
dollars and it went up for four billion dollars from
three point eight yesterday because Fontira cut the deal with
bigger Baga cheese. If you didn't follow this, there was
a sort of a rights issue thing and they've gone
to Lactals and Lactalas said, if you can sort the
Baga cheese thing out with Australia, we'll give you four
point two billion instead of the three point eight billion.
So they sorted that as of yesterday, so we're getting
four point two instead of the three point eight. Yes,

(27:41):
the farmers have to vote, but they'll back it. But
you put four billion dollars into an economy like ours.
It won't save the world, but it's certainly going to help.
I'll tell you that for nothing five to seven, all.

Speaker 1 (27:52):
The ins and the outs. It's the biz. With business
fiber take your business productivity to the next level.

Speaker 2 (27:59):
We have things the Green Party this morning, the public
service job numbers. So they've gone along because they've got
clearly nothing else to do with their life to seventy
five public organizations. In fact, we've got seventy five public
organizations over the thoughty first Alarmed Beldt. Anyway, they've gone
along to seventy five of them. In the first half
of this year, there were ten thousand public service jobs advertised,
which strikes me once again as a lot of public

(28:20):
service jobs. Anyway, two hundred and eighty six thousand people
applied to them. So ten thousand jobs advertised, two hundred
and eighty six thousand applications, which is three and a
half times more applications than two years ago. So where
were these jobs? Well, the Ministry of Social Development they
advertised almost one thousand jobs in the first six months
of the year. Twenty thousand people applied for them. Police
had eight hundred and fourteen jobs, over eighteen thousand people applied.

(28:41):
I would have thought that's good given the argument over
the police, and does anyone in one of the a
policemen eighteen thousand applications for eight hundred and fourteen jobs.
That's good. Corrections five hundred and eighteen jobs, fifty thousand applications, Now,
how do you explain that no one wants to work
at Corrections allegedly who wants to work at corrections, Well,
fifty thousand people that I wrung it ratio of seventeen
applications per job ad Ministry of Housing thirty eight per

(29:04):
ad sis one of the highest, seventy four. Everyone wants
to work for the sas say, don't they? You want
to apply for the job, get the job and find
out what really goes on. And once you find out
really what goes on, it's quite boring and then you
probably leave anyway, seventy four per AD. Where are all
these people applying for the jobs? Well, the answers of
course Wellington they were the only reagion with job ads
grew year on year according to the Sikh data back

(29:25):
in May. But here's my point. So just because you've
got a lot of people applying for the job, one
are they qualified. There's a thing in this country now
where everybody applies for everything, and that's why they will
get sucked into the news. And you see six million
people applied for a job in a supermarket. Some of
them will be qualified, most of them won't be. And
then that doesn't account for all the people in these
public service jobs who are the same people. So the

(29:47):
people who applied for orang A I rang A Tameriki,
applied for the police, applied for the creature. They just
want a job in the public service because they love
the public service. Best news of the morning is that
we're about to I pointed this out for the Prime
Minister on day and you seem surprised. We're about to
outgrow Australia.

Speaker 1 (30:03):
We'll look at this next The Breakfast Show, Kiwi's Trust
to Stay in the Know, the Mic Asking, Breakfast with
A Veda, Retirement, Communities, Life Your Way News togs Head.

Speaker 2 (30:14):
Be seven past seven, So if you're listening Monday, we
were talking to the Prime Minister about New Zealand art
growing Australia. If current forecasts are correct, if we're on
track for two point simpercent growth, we're outgrowing Australia.

Speaker 10 (30:25):
Yep.

Speaker 2 (30:27):
That seemed to come as some sort of surprise to
the Prime Minister. But we can back it up this
morning with a new report from Westpac confirms over the
next several years in fact, we should have a avergent
So if we outpace Australia on growth, does the brain
drain reverse? In good times? Roll in Stephen Joyce, former
Finance Minister of courses with a Stephen Morning to you, Morney,
Mike con do you well, thank you? Do you believe
it generally?

Speaker 17 (30:48):
Yes? I do. I've had a look at the report
and look at the graphs. Actually, it's a really cool
report because it basically puts the two countries alongside each
other in a whole range of areas, and it tells
the story of basically the whole COVID period and after that.
And I think to summarize it roughly, we had worse
settings during and after the COVID thing from an economic perspective,

(31:13):
and we're getting more sensible policy settings now. The Australians
had a slightly better set of settings during the COVID period.
They weren't as they weren't as profligate on the fiscal side.
They didn't they didn't sort of have those huge quick
swings and interest rate policy that we had, and then

(31:34):
they did. They were doing worse since because I've now
opened up the fiscal floodgates and the net effect of
all that is that will come out of it now
quicker than them, but we're further behind.

Speaker 2 (31:44):
Will we see it and feel it and break out funk?

Speaker 17 (31:48):
I think we will. That's my read of it, I've
been early to the downturn. When people have asked me
go through all the COVID period, I was the sort
of the negative and probably on one of the first
positive people coming out the other side. In the sense
that I actually do think it's going to turn. It'll
be more like a traditional export lead recovery, and we

(32:10):
haven't had one of those for a while, so we're
not very familiar with it. But with an export lead recovery,
all contends to arrive last to the party, and we're
seeing that here and it's you know, at the moment,
it's a bit patchy everywhere else, but it's starting to come.
And I think property will be the last to arrive,
largely because we went so nuts during COVID with all

(32:34):
the stimulus that we put. Our property prices up forty percent,
and Australians only went up thirty percent, which was bad enough.
So you know, we've got that hangover to deal with.

Speaker 2 (32:43):
Still, Do people take that into account when you talk
about things like a brain drain? Do people go to
Australia because they go look at the economy, and I mean,
I can cite you a million things with the Australian
economy that are miserable, like the cost of a house
and the cost of gross reason all the other problems
they've got. But do people actually think about that or
it's just it's a vibe.

Speaker 17 (33:00):
It's sort of a vibe, but it's always based in
something right. So we had a similar sort of experience
when I was in government when we met the Cannibal
earthquakes and a lot of people, particularly from the southild
left after the Cannibal earthquakes. We had very bad immigration
statistics and then the economy came right and actually came
better than the Australian kind of me. And yes, people
started to come home. It took a little while for

(33:21):
it to happen and they stayed ago. Actually it's better
at home. And I remember going over there and doing
those job expose we did and to encourage people to
come back from Australia because we needed them, and the
Australian media was really confused. It was like why would
you why would people move to New Zealand And that

(33:42):
was the early stages of that, But over time it
happened and I think we were heading into a similar period.

Speaker 2 (33:47):
Now, politics of it all makes for interesting reading, doesn't it.
I mean, this time's nicely for an election year.

Speaker 17 (33:53):
Well I could do. Whether it comes in time to
help the government more the normal or less the normal,
that'll be the test really. I mean it's the public
all were looking for proof that things are working. And
it has been a really long, really tough recession for
going back three or four years now, so it has

(34:15):
been really difficult. So everybody will be a bit cynical.
And you can see that whenever there's a green tinge
on the economy, well that's going to go bad again.
And it did happen this year because the US tariffs
really snuffed out the sort of recovery. And of course
he President Trump hangs over the world economy again now

(34:37):
with his behavior with the Federal Reserve. So that's the
wild card in all of this is do we actually
get sufficiently settled economic conditions that our recovery really does
take hold?

Speaker 2 (34:47):
Good stuff. Appreciate your times almost Stephen Joyce, Form of
Finance Minister of course, eleven minutes past seven, speaking of
bullet hot sector, horticulture sector. A new roadmap goal is
to double farm gate returns by twenty thirty five. Policy
work for labor and exports. The future proofing of the
industry basically is what we're looking at here. Kate Scott
is Hot New Zealand's chief executive and is with us.

Speaker 17 (35:06):
Good morning, I'm morning to you too.

Speaker 2 (35:08):
Make have you got buy in from all the growers
and the farmers and the workers.

Speaker 18 (35:12):
Look, that's a great question. I worked the early phases
of talking about implementation of our Art Era of Horticultural
Action Plan. So a lot of the work that the
team are doing is going out to share what those
priorities are, what the outcomes that we're seeking are, and
trying to actually create the opportunity for them to contribute
to it.

Speaker 2 (35:30):
Because the diversity of the sector is quite something. I mean,
we can talk about kiwi fruit and go who they're
going well, but I mean there's a lot of stuff
grown in this country and it's a lot you know,
everyone's got their own story, haven't they. How do you
bring all that together?

Speaker 18 (35:42):
Look, that's part of both the challenge and the opportunity
for the horticulture sector. From being honest, I think you know,
we have over one hundred and three different types of
crops that are growing and they are very diversal. Whether
you grow them in Northoland or all the way down
in Southland, and look, each of our crops are at
different spaces on their journey when it comes to you know,

(36:03):
how do they meet the market? Are they domesticly focused
in terms of their crops? Are they export focused? So
I guess that that is the complexity, But that's also
the value that having a really broad and ambitious goal
around you know, doubling the farm gate value of horticulture brands.
That gives a sense of purpose to our sector.

Speaker 2 (36:21):
Yeah, you talk about research providers, what role does research
science stuff we haven't thought about play in the next
ten years? Do you reckon?

Speaker 18 (36:28):
Look? In my view, you know, the success of the
culture sector today has actually been underpinned by a lot
of the science work that's already been done. If you
look at every fruit, if you look at apples in particular,
there's been a huge amount of work that's been done
in terms of those what we call PBRs for those
plant variety rights and the ability to actually then create
brands off the back of those exceptional breeds of fruit

(36:52):
and cultivars of fruit is actually the value. And so
how do we continue to focus on that science as
you well know, is a space that is changing frequently,
and I think the role of technology will continue to
have an important role in horticulture as well.

Speaker 2 (37:07):
The government, is it trade deals and market access? Is
that what we need them for?

Speaker 18 (37:12):
Look, I think that's an element of it. But we
also need to make sure that we're working alongside government
because a lot of the other regulatory and policy settings
also underpin the success of the sector, that's for sure.

Speaker 2 (37:25):
Okay, do you ever say enough singular voice? So Zesper
is a good example? Is there enough when you talk
of hot in general, enough singular voice in the global
market to go? This is from New Zealand as opposed
to Brian, Bruce and Sharon who grow all these vegetables.

Speaker 3 (37:39):
Yeah.

Speaker 18 (37:39):
Look, I think Desper is a great example within our
sector in terms of the marketing of kiwifruits to the world.
We've then got in these Zealand apple and pears do
the same on behalf of the apple pear growers. But look,
that is something that the sector is continually working on.
How do we continue to collaborate so that we can
have some really clear and collective message being about how

(38:01):
amazing that the fruit and vegetable basket of New Zealand extion.

Speaker 2 (38:04):
Well, good luck with it, Kate appreciated. Catch Scott Hort,
New Zealand Chief Executive. New fairy idea for you in
a couple of moments, and then we'll talk to the
Ministry of Immigration about these new Bees's fifteen past.

Speaker 1 (38:14):
The mic Asking Breakfast Full show podcast on iHeartRadio. Howard
By News talks that be.

Speaker 2 (38:20):
Very interesting housing data this morning. In fact, two lots
of housing data come to later on in the hour
if I get time. Seventeen past seven. New idea to
link the North and South Islands. We've got to pitch
for a two hour fairy link. A new port built
at clifford By, Remember clifford By near Blenheim, multi used terminal,
no speed restrictions, boosted logistics and productivity. Doctor Stephen Gris
as the spokesperson for seabee Port Limited and is with

(38:40):
AU Stephen.

Speaker 17 (38:41):
Morning morning, Mike, good to be with you.

Speaker 2 (38:44):
How much government, how much private.

Speaker 19 (38:47):
We can fully finance us privately, but we're agnostic to
what the final capital contributions from the crowd would be. Obviously,
if the crowd wants to make capital contributions to see
it's requirement's met. We're open to that conversation.

Speaker 2 (39:03):
What sort of ships and what are you moving people?
And cheap and rail and what everything?

Speaker 19 (39:09):
All of the freight that currently goes between the cockstrait.
We're just going to make it faster and with higher
service levels because the ships can probably operate three return
sailings a day instead of two.

Speaker 2 (39:23):
So this is directly taking on into island.

Speaker 19 (39:27):
No, no anything, but we see in island there is
potentially a foundation customer in what way?

Speaker 2 (39:36):
So what are you telling me? I'm standing at Wellington,
I've got a ticket. I can buy a ticket on
your ship ring and buy a ticket on the Intero islander.
How's that not competition?

Speaker 19 (39:45):
It is competition. We're an open axious port, so we're
open to all ferry operators to be able to operate
out of our port. So we were not in discriminatory.
You know, we obviously need customers, but we see Kiwi
Rail particularly as a foundation customer.

Speaker 2 (39:59):
You reckon they would because we've been here before, those
of us have been around, while Clifford Bay is not
new in this. I mean we've looked at Clifford Bay
and they, rightly or wrongly, are not going there.

Speaker 10 (40:08):
We know they would.

Speaker 19 (40:10):
We've had discussions. We haven't had any commercially finalized discussions,
but our early discussions with them, as the port existed.

Speaker 17 (40:20):
They would be there.

Speaker 2 (40:21):
What's the timeframe?

Speaker 19 (40:23):
We can have this port up and running by twenty
twenty nine. In fact, we think we'll be ahead. It
could even be potentially ahead of that because we're bringing
new engineering and capabilities that we can construct this port
with a floating dwarfs that can be designed and built
overseas and be operational in New Zealand by twenty twenty seven.

Speaker 2 (40:43):
Cruise ships.

Speaker 19 (40:46):
Not the intention, but it's not out of the It's
not out of the realms of possibility, but we see
cruise ships more being the realm of PACTAM because of
the natural environment and would make maxim the future of
the environment, incology and tourism in that area.

Speaker 2 (41:06):
Okay, well, I wish you the best with it, Stephen,
Doctor Stephen Grisse see be port limited? See where that goes?
Four year term? What do you reckon? More in a
moment seven twenty.

Speaker 1 (41:16):
The Mike Hosking Breakfast Full Show podcast on iHeart Radio
powered by News Talks It be.

Speaker 2 (41:24):
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day asking now seven twenty four. The timing I would
have thought could not be more orkies. I mean, if
you broadly accept that the current narrative that this government
is working awfully hard to get us out of the
massive economic hole left to it by the previous government,
and if you accept that that previous government was one

(42:29):
of the worst in living memory, if not any memory,
then just imagine where we would be if that hopeless
lot of twenty through twenty twenty three had actually been
rampaging across the countryside until last year because they'd had
a four year term. And surely it's that cold, present,
still throbbing reality that prevents the discussion on a four
year term going much further. I mean, a lot of
politicians seem to want one, and who can blame them.

(42:51):
There's a logic to what they argue. I mean, year one,
you arrive at your office, introduce yourself to everybody, put
a few press releases out and start the spade work.
Year two break because year three is written off in
campaign mode. But as Britain is discovering, five years is
an awfully long time. And until they change the law
about calling early elections, they got into this nasty habit
of calling early elections because five years tended to exhaust

(43:15):
them and various calamities would present themselves with the only
exit strategy being a vote. So, following the logic, three
isn't enough, five is too long, so four is goldilocks
or is it I mean? David Seymour, fan of four,
argued the most countries have longer terms, that there are
very few countries with three years. Well, there's also very
few countries that balance their budgets or pay down debts,

(43:35):
so it doesn't make it good. What is good is
his admission that the jury manned shambles he offered up
as a twist on an extended term with committees and
numbers will never see the light of day. It's taken
as twenty five years for goodness sake to get our
head around MMP. The Seymour version of an extended term,
if you ever read it, it's got a half life
of eight million years. You had a headache by the

(43:56):
end of it anyway, So four or not, my gut says,
will probably go there. It'll thing change is coming, but
small warning time isn't the issue. Quality is time doesn't
bring talent or skill, or insight or dedication. Professionalism or success.
It just brings time. The rest is what we should
be way more concerned about.

Speaker 1 (44:16):
Husky.

Speaker 2 (44:17):
Well, the first time I can reveal Auckland Transport. I've
had a shocking week. They lost in court the other day.
This legal student we told you about yesterday took the
court out of the speed bumps, so they lost that.
And after law changes, they have to report on how
much money they spend on road cones. And we can
tell you this morning this for the rest of the country,
so you can laugh at Auckland yet again. Sixty three
point two million dollars. Sixty three point two million dollars

(44:38):
on road cones, As the mayor says this morning, it's
beyond a joke. No kidding, mind you. He hasn't fixed it,
has he. He says. I've told them and no uncertain terms,
not to do it, but they don't listen because they're
so far up themselves. Sixty million dollars, says Wayne Brown,
is the equivalent of a rates rise of three percent.
Three percent. That's Aukland Transport for you. Let me, before
I go to the news, offer you better news. Event

(45:00):
Finder has been sold a ticket Tick had bought them.
It's going to expand. It's going to be brilliant. Event
Finder was founded in two thousand and six. Online events
calendar grew a little bit, but Ticketek saw that and thought,
I know we'll have a bit of event Finder start
a win win for both companies, and your experience at
concerts and shows and events all over the place is
going to material improve as a result of that acquisition,

(45:23):
or so they say.

Speaker 16 (45:25):
So.

Speaker 2 (45:25):
Immigration visas, more people coming into the country. We into
the bit of this. The Minister of Immigration, Erica Stanford
in the studio after the News, which is next.

Speaker 1 (45:35):
Your source of freaking news, challenging opinion and honored facts.
The Mike Hosking Breakfast with Range Rover Leading by example
News togs V.

Speaker 2 (45:45):
Twenty three minutes away from right More visa movement. We
talked about the tax treatment earlier on in the program.
So two new visas are pathway to residency for business
migrants ready to invest cash. One million dollar investment into
an existing business gives you a three year work to
residence pathway, while two and then allows for a twelve
month fast tracking. Erica Stamford is of course the Minister
of Immigration and as well as very good morning to

(46:05):
you mate. Somebody asked the question. I thought it wasn't.
It wasn't an unfair question. Is there a noticeable difference
between one and two million and the five and ten
for golden So in other words, you're dealing with completely
different people we.

Speaker 20 (46:18):
Are, and I was always very cautious about not cannibalizing
the active Investor plus visa, which is going very well.
This is more about people who have got business experience
of running businesses. We will check that investing in a
business that they have to be here at least one
hundred and eighty four days a year, be a tax
resident and actively run the business. They have to speak

(46:38):
be able to speak English, there's an age limit, whereas
the Active Investor Plus is more about their capital and
their business connections and they only have to speak spend
a week a year here in order to get their residents.
Are very very different.

Speaker 2 (46:51):
How much of a regime is in place to make
sure the money arrives, the money stays, that they are there,
they do speak English, and they are doing what they
said they would do well.

Speaker 20 (47:00):
We're very stripped upfront and that we make sure that
we stick all those things off. But then we check
in along the way, and we certainly check in a
big check in at the three year mark to make
sure the business is solvent, that you're still employing the
people were that you said you would, that you've created
the extra job, and that you've complied with all the
other conditions of your visa before we would offer you

(47:20):
your residence.

Speaker 2 (47:20):
Okay, so what about the do you bring the family
in as well that wider family.

Speaker 20 (47:25):
Yes, you can bring you well your immediate family with
you for this visa, and then they would be granted
residents along with you. We're not talking huge numbers. This
is not like an OPRAH style everyone gets a visa,
as I think you mentioned this morning. I mean we're
thinking probably in the first year between of one hundred
and one hundred and fifty potentially people who would come
in under the Do.

Speaker 2 (47:46):
You have any genuine sense of what's the balance between
entry point I million dollars versus demand to come to
the country anyway, no matter what rules you made. In
other words, we're attractive.

Speaker 20 (47:58):
We are very attractive. And that because we can see
from the active investor plus visa, where I thought we'd
get two hundred applications in the first year, we blitzed
that in the first six weeks. I think, so there
is huge demand. This one is This one will depend
on the businesses that are for sale. So if you
look at the moment businesses for sale over that amount,
there's about one hundred and eighty five. But it may

(48:19):
well be that there will be more for sale once
we are able to open up this pool of people
who are from capital to buy businesses.

Speaker 2 (48:25):
Do you limit the bit? Is it all bubble tea?

Speaker 20 (48:29):
No, we will be really careful.

Speaker 1 (48:31):
Bubble tea.

Speaker 20 (48:32):
Nothing wrong with bubble teen.

Speaker 2 (48:33):
There's nothing wrong with the bubble tea. But I see
a lot of bubble tea, and I just wonder how
much cash is being fun launded through that look.

Speaker 20 (48:40):
And that's the reason that this is a third iteration
of a very similar visa. The first iteration was a
long term business visa, and people were coming in and
buying and then recycling two dollar shops. So we're being
very careful and that we are limiting what you can purchase,
so adult entertainment, convenience stores, discount stores, drop shipping fast
food out. It's franchise is gambling. You won't be able
to use for this.

Speaker 2 (49:00):
VEX those are clean, clear categories. It's not the what's
a supermarket? What's a dairy line? And everyone argues about it.

Speaker 20 (49:08):
No, they'll be clear, clear, Okay.

Speaker 2 (49:11):
And don't get me wrong, because I'm a big fan
of immigration and we need more of it. But there
is a India, Philippines, Fiji vibe about what's going on,
particularly in a place like Auckland, maybe a little bit
of China and there as well. Are they all coming
from the same place.

Speaker 20 (49:26):
Well, obviously we don't discriminate in immigration if you know
the skills that people in.

Speaker 2 (49:31):
New Zealand do. And after a while it becomes potentially
a political issue, doesn't it go? This place is overrun
by filling the gap.

Speaker 20 (49:39):
Well, I mean what I want is this place to
be overrun by highly skilled people who've got access to
capital and connections and who can come in and purchase businesses,
keep Kiwis employed, create more jobs. And actually, you know,
if you look at business brokerage at the moment we
went out and talked to them, there is a real
problem with people who want to retire and there isn't
enough people in this country to be able to afford

(49:59):
their businesses. This is a very small niche category of
We will highly target this to people who at business
skills in the capital.

Speaker 2 (50:08):
What's the skill be the number, because I mean one
of the things that you come into and we talk
to the people who buy and sell businesses on a
regular basis, and a lot of the businesses that sell
a hospot so easy access to the country, instant job,
get the kids involved in the cafe. They couldn't run
a cafe to save themselves, but they've got a million
bucks and they've got a job. Is that good for
the country.

Speaker 20 (50:27):
Well, we'd be very careful with that, and you'd have
to have business experience. And so one of the criteria
of this visa to get around exactly that is you
have to have business experience, and we will be checking that.
So in your look. Business experience is transferable. So if
you've run a successful business overseas that might be in
a hospitality, it's probably transferable into potentially maybe into manufacturing.

(50:49):
So we'll keep an eye on that. But we're certainly
not going to be allowing people and have just got
cash and decide they want to run a cafe.

Speaker 2 (50:54):
That won't be because a million dollars is getting down
to without sounding like a snob, A million dollars is
getting down to a lot of people are going to
A million dollars isn't the thing for a lot of
people anymore. It's like you've going a million dollars, go
buy your way into New Zealand.

Speaker 20 (51:06):
Well, the previous the previous visa was one hundred thousand,
so we've upped it significantly. As I said, there's only
one hundred and eighty five businesses for that amount for
sale at the moment that we could see, so it
is a small amount. But look, the settings of the
previous visa were horrendous. It had a fifty percent decline rate.
We only had about thirty applications last year. It was
just an absolute dog and I say that respectfully because

(51:29):
it was actually a national party policy. It was a
bit of a disaster. But I'm fixing it and it's
I think it's going to go down very well later
on here.

Speaker 2 (51:38):
While I've got you two other things. Somebody raised it yesterday.
It was ELPs, the guy who's involved in working visas
and stuff. What he wants is the holiday visa age
up to fifty from whatever it is at the moment.
Thirty five or is that possible, Is that sensible, Is
it logical or not?

Speaker 20 (51:54):
We can look at that. They are all individual holiday
working holiday visas that are tied in with agreements we
have with different countries, so we have to go through
them one by one. But it's certainly something that we
can look at. It's a good suggestion and I think
when I was in opposition, we wanted to raise it
from I think thirty to thirty five for a few countries.
And well previous government did that.

Speaker 2 (52:14):
Okay, golden visa. They need a house, were moving rapidly
towards them being able to buy a house in this country.

Speaker 20 (52:21):
We are We're trying hard to get that across the line,
and I'm confident that it will get across the line.

Speaker 2 (52:27):
Good on you. The other thing, this is only anecdotal.
So Principal, principal we're talking to loves you. Thinks you're
the greatest thing in education in the history of the world.
Oh there's more. He then goes and ends up at
the Ministry of Education. Nothing happens, he talks to you,
it's all on. He talks to the Ministry brick Wall,
Do you have an ongoing issue with the public service

(52:50):
in this country fighting against what you're trying to do.

Speaker 20 (52:53):
I don't think so. I think certainly since I've come in,
they have shifted a huge amount. The new Secretary of Education,
Ellen the Gregor Read, is outstanding and she is changing
the culture of the place, and in things have shifted
a lot. I've noticed a big shift. When I want
things done, they do do it. Of course, there's a
lot of people that work there, and then a lot
of them still do have their own views and sometimes

(53:15):
that will happen. But that's why it's killing me. But
I have to micro manage the place because sometimes you
ask for something to get done and it floats off
into them. Never ever, So my staff and I have
to micro manage almost everything that we do. But since
we've had the new Secretary of Education, things have massively improved.

Speaker 2 (53:32):
Good to hear, good to see, you appreciate time Erica
Stamp at sixteen.

Speaker 1 (53:35):
To two the Mic Asking Breakfast Full Show podcast on
iHeartRadio powered by the News Talks at be you got.

Speaker 2 (53:43):
A vibe about her Old Erica. The text go off
every time she's on the program. So I suppose that's
encouraging on this broad theme that we might actually be
getting our act together economically. Stephen Joyce earlier on the
Westpac report that we're going to go out grow Australia.
We can also add to the busines wre visas in
the country. Another increase in spinning on infrastructure got new
numbers yesterday. Total values now two thirty seven billion. This

(54:05):
is in the pipeline. Of course, the last three months
has seen a bump of thirty billion. The number of
providers who contributed to all of this is now one
hundred and twenty one organization. So you can't tell me
that there's that many billions floating around the economy and
one hundred and twenty one different organizations that people aren't
starting to feel it. The Infrastructure Commission, which manages all
this stuff, they got ninety two hundred initiatives, roads, schools, water, infrastructure.

(54:28):
It's the usual story. Their projections at least seventeen and
a half billion and potential spend across this year. Seventeen
and a half billion across this year. That's real. It's
four percent of GDP. For goodness sake. Most recent updates
showed the overall value of initiatives confirmed. Confirm funding is
the key making an announcements one thing, but confirming the
funding is another. It's gone up thirteen and a half

(54:50):
billion to one hundred and twenty five point one billion dollars.
So eventually as that flows through, you can't help but
see things move in the economy. Speaking of which, had
got a little a little bit of how news for
you this morning asking prices. I'm not a massive fan
of this, but I give it to you just so
you're better informed about the housing market in general. So
the housing market, you would say, what's happening in there? Oh,

(55:11):
it's flat as a pancake. I could tell you my
personal experience in the housing market of late. It's a
weird story, but I don't have time and you'll probably
be bored witness, so let me give you these facts.
There are several areas around the country Auckland, Canterbury, Wyatter,
Taranaki that are seeing some massive increases in asking prices.
Long By in Auckland, for example, twenty nine point six
percent up. This is year on year, twenty nine point

(55:33):
six percent up. What the hell's going on? In Long Bay,
Devonport twenty one Drury, which is South Auckland, sixty one
Epsom which is an inner city of Auckland suburb if
you're outside of the country ten percent. Ireland christ Dutch
blue Chip up twenty two percent. What's a whiter New
Plymouth up twenty eight percent. A lot of it's in Auckland,

(55:56):
So there are pockets within Auckland and a few areas
in certain parts of christ and certain parts of Taranaki
that are There will be individual sets of circumstances going on.
I'm sure there'll be some new development or something will
be going on, because that's certainly not reflective of the
broader market. And just quickly on the mortgages, they're moving again.
Not by enough, dare I suggest, but the bee and

(56:16):
Zebra out yesterday. So one year, eighteen month, two year
four point seventy five, three year at four nine five,
So three year seems everyone's below five now four years
still above five five oh nine, five year at five
three nine, But what are you doing? Interesting report from
Mike Jones I read over the weekend, so he's at

(56:36):
B and Z as a years. So he did a
lengthy report and there was massive amount of short money
at the beginning of the year on mortgages and that's
now moved to more medium term money. As we sit
here thinking about what to do next, and we know
from Christian Christian and I miss the contraction Hawksby, he's
going to go a couple more times before the end
of the year. So you don't want to lock up
at the moment because there's more cuts coming, at least

(56:58):
a couple more cuts coming. They won't all be twenty
five's at the retail level, but nevertheless, you force your
four seven five. If he goes to two five cash,
you've got to have a three in it, don't you.
If it's two point five percent the cash right, No, No,
it's complicated and it's not all yeah blah blah. But
if it's at two point five, you've got to have
a three in your mortgage, don't you. Nine away from eight.

Speaker 1 (57:20):
The Mike Hosking Breakfast with Bailey's Real Estate News dogs.

Speaker 2 (57:24):
They'd be Mike, I locked in three point nine for
five years with more mortgage at matures next year. So
I'm watching those interest rates with interest. Yeah, most people are.
It's a national sport, really, isn't it, Mike? When you
see three cranes operating in Mungafi building buildings and you
know the economy's turning. That's why they call it three
crane Munga five. Of course, I thought everyone knew that

(57:45):
by the way I got here's the thing. So I
got onto the Netflix The Biggest Loser. You're watching this one,
so I don't know how many episodes there are, but
it's a documentary on the Biggest Loser. Now, obviously I
didn't watch The Biggest Loser when it was a thing,
but it was a thing. It was a monumental global thing.
And basically, fat people lost weight each week, and you're

(58:06):
lost more weight and you became the Biggest Loser. And
so they talked to the producer of the show and
the guy who invented the show, and they talked to
the doctor on the show, and they talked to all
of the people who were on the show who have
a story to tell. And there's a lot of story
about what I didn't know. Katie told me this. There's
two main trainers. One of the trainers is on the
documentary and he's moderately entertaining. The other trainer is like

(58:28):
you got to see her to believe her. It's like
she's Arnold Schwarzeneer in female form. She is a machine,
not particularly likable, but a machine. Anyway. She turns out
to hang with JFK these days, so she's a big
JFK fan and she's all over. So RFK what she
could be here? She could think it's JFK. I don't know,
but RFK that's about Yeah, they're the FK's. She's hanging

(58:49):
with the Kennedy's anyway, she's on social media. She hates
this documentary. She's all over. But here's the point. I'm
red Flag. So I thought Background in Sight fair enough,
but I got onto the second episode yesterday. I find
it draining. I find it a bunch of losers who went.
And what you're learning about the people is it's not

(59:09):
about being fat and losing weight. They all had a
problem driving the weight. So in other words, they it
was escapism. Essentially, they were wanting to change their life.
There was something going on in their life that they
were running from, and they saw reality television as an out.
And so once you scratch below the surface, it's like
so many people in life, isn't it. You think, oh,

(59:30):
that's your problem. No it's not. There's about sixteen things
going on underneath. So it's and so by the time
I got.

Speaker 4 (59:35):
The Oh man, this is I don't reckon. You need
to wonder who recommended that to you?

Speaker 21 (59:40):
That program?

Speaker 4 (59:40):
No, no, just it.

Speaker 2 (59:42):
I know it was Jason again, wasn't it was Jason
the Boss? He came in. He was have you watched
that Biggest Laser? And I said no, anyway, so I
watched it. I thought it's too draining. I don't have
time to be dragged down by people and their problems.
You know what I'm saying. Let's get up for people,
the news in a couple of moments. Then we'll do
politics Wednesday, the.

Speaker 1 (01:00:04):
News and the news makers the mic asking breakfast with
Bailey's real estate altogether better across residential, commercial and rural
news talks.

Speaker 17 (01:00:14):
He'd be, I know.

Speaker 2 (01:00:25):
You think yourself, haven't I heard this before? And the
answer is yes, you have. But this is the same
but difference because what happened is is John Foggerty obviously
and one of the most recognizable voices in music, Crims
Clearwater Revible. The album is called Legacy Revival the Years
Legacy the Crims Clearwater Revile Revival Years. Now, what he's

(01:00:46):
done is he's sung the songs he sung before, but
he's re recorded them, and you're going, well, why would
he do that? While the answer is because he tatated
years ago he signed a deal with Fantasy Records that
gave the label ownership for the publishing rights to his
songs as well as masters to his recordings. Now, why
you would do something like that is seemingly beyond belief.

(01:01:08):
But nevertheless, back in the day, you've probably saw the
money and you thought, what the hell, how big could
this be? And you anyway, he hasn't got any money,
so he thought to himself, I'm going to rerecord some
of these songs. So there are twenty tracks because he
wrote quite a lot of them. While the twenty twenty
five takes aren't an embarrassment from a strictly musical standpoint,

(01:01:30):
there isn't much reason to buy this other than goodwill
and the desire to give Foggedty a well earned payday
for his work.

Speaker 4 (01:01:36):
So maybe he didn't choose the right key we save
the plan or something.

Speaker 2 (01:01:40):
I would have taken the money and invested it. He
would have bought a house in either Elem or Long Day.
Now I'd be laughing, and it wouldn't have to re
record old songs. It's a reminder though. It says of
how many great songs fogged? He wrote in his Salard
Days with CCO, which is probably true. Fifty nine minutes
and forty six seconds worth of John Foggety coming up.
Nine minutes past eight. It is politics Wednesday. Mark Mitchell's

(01:02:01):
well as market. Very good morning to you.

Speaker 1 (01:02:04):
Good morning.

Speaker 2 (01:02:05):
That's an interesting way of doing it. I said, Mark,
good morning to you, and then Ginny comes on and goes, no, no,
don't don't blow it, Jinny. It's okay. You see you
say good morning on behalf of Mark as often as
you want. Now, now Mark will try this again, Mark,
good morning, Good morning mine.

Speaker 22 (01:02:20):
And it's a great morning because I'm down in Queenstown
and I've just opened the Police and Fire Games and
our police commissioner is running in the cross country today.

Speaker 23 (01:02:27):
How opinion in the cross country?

Speaker 2 (01:02:29):
When you say the cross country, how many CA's is that?

Speaker 1 (01:02:32):
I think it's ten k's, isn't it?

Speaker 23 (01:02:33):
The cross country?

Speaker 2 (01:02:34):
It's depended, well, not at the Olympics, it's not. No,
but I'm thinking probably at the probably at the game.

Speaker 23 (01:02:40):
I'm roffing. I'm just guessing I'll find out what what
what are you competing in?

Speaker 17 (01:02:44):
Mark?

Speaker 22 (01:02:45):
Well, I did have an oppressire to join him in
the cross country. I said, unless you've got a draft
war seation, then that's probably not going to happen. I
used to compete when I was in the police.

Speaker 23 (01:02:53):
I did. I competed in rugby, rowing and surfing.

Speaker 2 (01:02:57):
I gotta say, the commissioners, and you go back to
our friend that we no longer mentioned anymore. He was fit.
This guy is fit. I mean, you know so by
the time you get to the cop how many do
you reckon? Markisson is very fit exactly. But you don't
have to be, do you because once you get to
a desk job you can let yourself govern. That can't
let's do it. Do you have to get over the wall?

Speaker 22 (01:03:20):
Still?

Speaker 2 (01:03:20):
How high is the wall?

Speaker 22 (01:03:22):
Yeah? I mean apparently at my age you don't have
to get over We just got to tap it. But
if I'm going to do the piece, make no mistake,
I'm going I'm going over the wall. I'm not tapping
out on that.

Speaker 2 (01:03:33):
Could you go over the wall? Hello? Sorry, we should explain,
we should explain. You'll be interested in this Mark Jinny's
offshore in a secret location. Do you want to disclose
your location, Jinny.

Speaker 24 (01:03:50):
Yes, I'm in Fiji at the Interparliamentary Meeting of all
the Fiji sort of MP and all the Pacific parliaments
come together once a year, so representing New zeal in
parliament edit, which has been fascinating to be honest, really.

Speaker 2 (01:04:04):
Interesting is she tell me the most interesting thing?

Speaker 24 (01:04:06):
Well, I have to say, probably the increase of methan
fetamine coming in through the Pacific and to New Zealand.
So hearing firsteen from other MPs about the impact they're
seeing in their own communities, and probably that the sort
of US China and geopolitic tensions instead of having those
in between conversations with MP's face to faces where you
get some really interesting takes.

Speaker 23 (01:04:26):
See the Commissioner.

Speaker 22 (01:04:28):
The Commissioner actually hosted we had all of the Pacific Commissioners,
police commissioners up in Whiting you last week, you know,
dealing with with all of those issues, along with of
course the Secretary General for first time that had been
down to New.

Speaker 2 (01:04:40):
Zealand as well. It was Jenny. When you deal with
all the Pacific Islands, the Pacific Islands deal with China
and a different depending on which Pacific island you're dealing with.
They see China differently, do you Is that reflected in
your chats with ministers? Do they see China as a
foe and a problem or a friend or a foil
or what?

Speaker 24 (01:04:59):
It really kind of depends on the country to get
quite different takes from the party they're from and also
from the you know, their role in different islands. But
there's a huge variety we've got, you know, Nauru, Palo Tongua,
you know, you've got the whole suite of you know,
different Pacific nations and they have got quite different takes
depending on what their position is and how they're impacted.

Speaker 2 (01:05:19):
Okay, can we reveal we let to believe you're on
a burner phone? Is that true?

Speaker 22 (01:05:24):
That is right?

Speaker 24 (01:05:25):
Yes, I am on a burn a phone.

Speaker 2 (01:05:26):
Why are you on a bona fide? Are you not
playing the bills again or what's happening there?

Speaker 24 (01:05:31):
So I think you're right. So when your advisor mark
well know this, you're advised quite strongly not to collect
connect to Wi fi if you've got a part you've
got parliamentary information.

Speaker 2 (01:05:42):
In Fiji or anywhere.

Speaker 24 (01:05:44):
Well, places places which are listed informative.

Speaker 2 (01:05:52):
Probably what who's on the list. I never saw Fiji
as a problem. Every time I've gone to do you
have taken my regular find Do I need to take
a burner?

Speaker 24 (01:06:03):
No, Look, we just we get advised by parliamentary security
when traveling internationally what we should do, and and we've
heading peace in the past, have not abided by that
advice and the ramifications have not been great.

Speaker 21 (01:06:14):
You know.

Speaker 24 (01:06:14):
So the last thing you want is the parliamentary system
being heaped into by another nation state in the compromising
New Zealand's website and information.

Speaker 2 (01:06:23):
So I read the report the other day. None of
this was in that.

Speaker 22 (01:06:28):
Well, we get a.

Speaker 24 (01:06:28):
Pretty good briefing. We're also probably advised not.

Speaker 2 (01:06:31):
To say on the radio a few state secrets just
leave out. But that's okay, fortunately, fortunately off.

Speaker 22 (01:06:41):
The hook to Jenny off the hook, that's our security
agencies always here on the side of caution, as they should.

Speaker 2 (01:06:49):
Fair enough to do. You have to do it in Australia, Mark,
do we we find them a bit suspicious as well
or not really.

Speaker 1 (01:06:56):
Really good.

Speaker 6 (01:06:57):
We're all good on a straight now.

Speaker 24 (01:06:58):
But the other interesting one is like when you're in
a hotel in some countries, you know how they had
the USB port that you can just plug into the wall.

Speaker 1 (01:07:05):
Yes, well that's not a goer.

Speaker 24 (01:07:06):
So once you plug your phone and with the USB
and they can get into your phone right through that way,
get all your contacts or your emails.

Speaker 1 (01:07:12):
No, why you plug into a hotel.

Speaker 2 (01:07:15):
So if there's somebody, say you're saying at the sheriff
and dinner, how somebody goes whole ord welcome bo for you?
G you go, hang on, hang on, tell me the question.
This is the hang on. We've got to take a break.
Fourteen past eight.

Speaker 1 (01:07:27):
The Make Hosking Breakfast Full Show podcast on iHeartRadio, powered
by News Talks.

Speaker 2 (01:07:33):
It be Us Talks. There'll be seventeen past eight to
Ginny Anderson and Mark Mitchell both whether it's mark four
year terms? What do you reckon?

Speaker 4 (01:07:42):
I don't know.

Speaker 22 (01:07:43):
I mean, if you're in opposition, you don't want a
four you to if your government you do? I think
in terms of what's best for the country. I actually
I do lean more towards a four year term only
because you've got your first year of sort of coming
into government, you've got your policy settings, you're getting the
public service sort of hiding the right through in terms
of delivery on those, then you've got one year in

(01:08:03):
between your delivery done and then you beckon to the
election cycle again, so it would give you two years
in the middle to actually be able to get those
policy settings delivered embedded in what.

Speaker 2 (01:08:12):
About you, Jenny.

Speaker 24 (01:08:14):
I was actually talking to someone last night from one
of the Pacific countries and they were saying they changed
from three to four and the big difference was there
was least kind of politicking that when you've got a
three year term, people just do stuff that are more
populist and just to take the list to get voted
in the game, and when you have a four year term,
people actually were more likely to deliver long term structural
change that benefited the people.

Speaker 2 (01:08:34):
Well, the second part of that question, then, Jenny, is
do the public vote. Would the public vote for it?
Do you think?

Speaker 24 (01:08:41):
I'm not sure if they would. I think there's the
higher level of suspicion in not trusting sort of politics
in general, I think has increased post COVID, So I
think there's a higher level of public mistrust in our
state institutions, and I think it's a shame. So I'm
questionable without some sort of limitation on it where the
people would rute.

Speaker 2 (01:09:00):
Did you mark the same question to you? Do you
think people are vote for it or not? Yeah?

Speaker 23 (01:09:05):
I sort of.

Speaker 22 (01:09:05):
I'm sort of leaning the same way as I just
think that you know, there's not a high level trust
and elected representatives in the system, and so you know
people are going to say, well, do we want to
wait four years if we have a government we don't like?

Speaker 23 (01:09:20):
So yeah, it'll be interesting though.

Speaker 22 (01:09:21):
It'll be interesting because you know, Kiwis are pretty pragmatic
and they'll sort of they'll sit back and they'll they'll
look and make the decisions around what they think is
best for the country.

Speaker 2 (01:09:29):
Did you hand on heart Mark understand, read or understand
what David Sema was trying to do with that weird
thing on four year terms and committees and numbers and things.
I like, literally couldn't understand what the hell he was
on about.

Speaker 22 (01:09:41):
Look, I think what's coming out of that is that
clearly David said, Look, it was a bit confusing.

Speaker 2 (01:09:47):
So they've moved away from that, so they should have.
Did you understand it, Ginny?

Speaker 8 (01:09:51):
I did.

Speaker 24 (01:09:51):
The best way to explain it is, you know how
there's an upper house in a lower house, yes, it's
a bit like that. So select committees would act as level.

Speaker 20 (01:09:58):
So if you had a.

Speaker 24 (01:09:59):
Mis just because the government's got a majority on those
select committees, they can push anything through. So that would
mean that you could quite substantially change your block legislation
and opposition.

Speaker 2 (01:10:12):
At another level, Have you got to him on as
I'm changing the gag patch thing? What was that about?

Speaker 17 (01:10:16):
Did he not?

Speaker 2 (01:10:17):
I don't understand what happened there. He thought he was
he speaking personally, so he personally would change the gag
patch thing, but the party isn't, or he was just
making up some policy.

Speaker 24 (01:10:25):
I think it was pretty clear that was his personal view.
But the view that we hold is that we wouldn't
switch that back given that though still hasn't made much
of a difference to the ninety seven percent of increase
in myth. You know, we've had police themselves saying that
are making record profits out of manufacturing drugs. I don't
know if that's made any difference.

Speaker 2 (01:10:46):
So they wouldn't change it because people feel safer, and
I mean, you know, we feel the way we feel.
You can't argue with that, can you?

Speaker 24 (01:10:53):
Well, that's great, you feel the way you feel. But
the material difference to the level of drugs they're pushing
and money they're making increased. And the gang numbers have
increased under this government as well.

Speaker 23 (01:11:03):
Well, the game numbers, the game. Let me let me,
let me, let me speak to those two issues.

Speaker 22 (01:11:08):
Number One, I'd like Genny to walk into the stadium
that I've just walked out of and tell the hundreds
of police officers here that you're going to get rid
of the gang pitch ben because it's given them to enforce.

Speaker 23 (01:11:18):
To where you're saying it's not worked, it as clearly
has worked.

Speaker 22 (01:11:21):
And the other thing too is that gang members going
on to the gang Jenny are starting to slow down.
It's reducing because the police enormous are putting enormous pressure
on the gangs. And by the way, where the rubber
hits the road is that Penny is out there saying
exactly what Ginny Anderson all the rest of them think.
They didn't support the gang legislation. They don't like it.

(01:11:42):
He's saying it hasn't worked. Of course they want to
repeal it, of course they want to.

Speaker 24 (01:11:46):
Get it's great, But under this government's watch, we're going
to see pretty soon the number of gang members surpassed
the number of police officers in New Zealand. Well, it
makes life a lot harder for keeping law in order
and discus.

Speaker 23 (01:11:58):
Trust me that the police are doing that ending job
on the gangs.

Speaker 22 (01:12:01):
They're taking They've taken four or five of the major
gigs completely out of circulation altogether. The public are no
longer expose their intimidation. They're no longer taking over provincial towns.
The police are controlling our streets, not the gangs, to
do what Labor Greens into party Mary would like to do.

Speaker 23 (01:12:19):
Reverse.

Speaker 2 (01:12:21):
I gotta, I gotta, I gotta wrap this up. But
just real quick, Ginny, do you have any vibe on
the by election? Do you want to call it? Who's
going to win it?

Speaker 24 (01:12:28):
Look, we're working incredibly hard to turn out the vote,
and that's what the power Labor has. So we'll have
hundreds of volunteers to make sure that people voting to
panic out and vote, and I'll be working alongside of
a bunch of other people to make sure we That.

Speaker 2 (01:12:40):
Sort of sounds like you're losing and you think you're
going to lose it.

Speaker 24 (01:12:43):
No votes like this on by elections and low tune out,
low voter tune out as it's.

Speaker 2 (01:12:48):
A lot of funny because I would have thought this
is as far as by elections got. This is a
gripping one, isn't it, Because it could have been so
could have given all the background to it. It's like
it's all to play for, isn't it.

Speaker 24 (01:12:59):
We know it's to be a tight race, but we
know pen is an excellent candidate. He's been working incredibly hard.
So we'll be working you for a single data to
bring home a one for home and it will be excited.

Speaker 2 (01:13:08):
All right. Nice to see you guys. Enjoy the games,
Mark Ginny, enjoy FGM. We'll catch up next week.

Speaker 1 (01:13:12):
A twenty two The Mike Casting Breakfast with a Vida Retirement,
Communities News togs Head b.

Speaker 2 (01:13:19):
Now, if you're thinking of renovating the kitchen, spring just
around the corner, A very good time to be doing this.
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Speaker 18 (01:13:52):
You do it.

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Husky rideo contest who does the best Russian? Here we go,
somebody goes whole or walcom pool through G you go
hang on, tell me, okay one more time, so me first.
Then Jenny, somebody goes whole or walk on pool through

(01:14:34):
G you go hang on, tell me. She had a
huskier voice so she could be like the undercover spy.
But I think I went it Russian, v rah.

Speaker 4 (01:14:50):
Oh, Russian, You're not Pakistani?

Speaker 2 (01:14:52):
Sam thought it was said, no, Sam, you were. You
were being racist, just not that racist, not that racist
news then, Steve.

Speaker 1 (01:15:02):
The only report you need to start your day The
Mike Casting Breakfast with a Vida, Retirement, Communities, Life Your
Way News, togs head.

Speaker 2 (01:15:11):
Be Mike thoughts on Sugio Perez Vulteri botas being announced
as drivers for Cadillac. I think Perez has cooked mentally.
It's one thing not to handle the car set up,
it's another not to stop the grid mark arm. The
interesting thing if you missed it. So Cadillac eleventh team
they start next year. Sugio Perez Valteri Bot has references
the other day. That's been the hot word for a
while now. There was going to be this idea that
you have somebody sees in somebody young and maybe somebody

(01:15:33):
American who's young. Didn't turn out to be the case.
Somebody else quite rightly pointed out that if you've got
a couple of old heads on there, they're not going
to crash the carr every second. We can cost you
a small fortune. So there'll be that at play. But
The drivers aren't the point. The car is the point.
Can those guys win in a good car? Probably? Or
can they do well in a good car? Probably? Can
they do well in a bad car? No, they can't.
So the key is not the driver. The key is

(01:15:54):
the car and what it looks like and how will
it goes?

Speaker 1 (01:15:56):
Twenty three to Night International Correspondence. It ends at Eye Insurance,
Peace of mind for New Zealand business with US in Australia.

Speaker 17 (01:16:04):
Morning made Goody.

Speaker 2 (01:16:06):
I was watching Old Elbow yesterday when it all unfolded.
We didn't not the UK, but we didn't seem to
cover it in this country that well it was. It
struck me as like, hell, you don't boot diplomats out
of countries. This is a rare event. Was it as
major to you as it seemed to me?

Speaker 21 (01:16:23):
It was as major as it could be yesterday, and
it's going to get bigger. We don't have the full
detail yet, Mike, and when we do, I think we're
going to be quite shocked. Now the bottom line here
is that the Iranian government, via its revolutionary core, which
is a terrorized which is a defined terrorist organization in
most countries included the US and Canada. And that's a

(01:16:46):
mood point here because we have not declared it as such,
and yet the coalition government, coalition in opposition called for
that two years ago. The word is that as I
was discovered that during and after the October seven attacks,
they used a web of spies and organized criminals to
launch anti Semitic Semitic attacks. You and I've talked a

(01:17:09):
lot about how anti Semitism just exploded in this country
figuratively and in practice after the Hamas attacks. So the
attack on the Adas Synagogue in Melbourne and on a
food venue in Sydney where they were both firebombed, that
have been the two targets that Azo said have been

(01:17:31):
organized by Iran using it appears, organized criminals, some Australians
based in the Middle East, one man in particular in Iraq,
he's living there, who's actually running the fire bombing of
cigarette shops in this country. He was a middleman, and
then they recruited on the ground relatively young, inexperienced criminals

(01:17:55):
to carry out these attacks. And so what happens is
the Israelian that he's been thrown out of the country.
That's the first time a diplomat at ambassadorial level has
been shown the door. He was pictured last night leaving
the Iranian embassy in Canberra after dark. They shielded their faces,
the Iranians and I presume they had the Sydney to

(01:18:17):
get out of the country. At the very same time,
and you know, probably only twenty four hours earlier, Australia's
ambassador to TEHRANI and McConville, he fled the country, took
with him two five staff and two dependents. All Australians
were told that they're not safe in Iran and they
should leave the country immediately. There's no diplomatic support for

(01:18:38):
them there in Iran. Now this is going to get
a lot bigger. There is a suggestion from the AZO
Director General, Mike Burgas that they have been involved potentially
in other anti Semitic attacks across Australia, not just graffiti
but physical attacks, and the investigation is still alive. We
understand there's been at least one arrest, but there's been

(01:19:02):
no court appearance yet, so that will also develop today.
So they've got the politics of it that the Iranian
Revolutionary Guards should have been declared a terrorist organization two
years ago. That politics and on the ground it's more
about what do we do next?

Speaker 2 (01:19:18):
Is Iran denying it? Have they said anything?

Speaker 21 (01:19:21):
Iran has said that Australia are now lackeys of the
exact quote. Is Australias aligning itself with Zionist policies and
warning it might take diplomatic action. Well, there's not much
they can do because our ambassador's already gone.

Speaker 2 (01:19:34):
Not that you'd defend any of this, but I mean
having said that, between that and Israel and the net
Nyahuo attacks and warm I mean it's pretty angst, isn't it.

Speaker 21 (01:19:44):
It is And if you look at it through the
lenses you've just done Okay. You know a week ago
the Prime Minister was saying we should recognize Palestine, having
chats over the phone to a bass I mean, the
situation could not be worse in what was two very
strong allies. And I think there's a lot to play

(01:20:04):
out of this absolutely through the rest of the week.

Speaker 2 (01:20:08):
Right Northern Victoria or Northeastern Victoria. The Mike Bush, your
new police Commission to ex New Zealand's got his work
cut out here. So what do we know?

Speaker 21 (01:20:16):
Yeah, he did a large media conference from Facebook Wangaratta
last night. I was doing sky, so we took that live.
He looked to me under be a favorit of pressure.
He looked pretty nervous, and why wouldn't you be. What
we know is that a man yesterday, Desi Freeman is
his name, and he's one of those very strange people

(01:20:37):
that call themselves sovereign citizens. He was hold up in
a remote camp in northeast Victoria. He was living in
a bus on this property. Police turned up at the
property yesterday to execute a search warrant over concerns around firearms. Boy,
did they have concerns. There was ten police went there,
So that gives you an idea that when they decided

(01:20:59):
to to talk to Desi Freeman, they thought they might
get some problems. And when they opened the door of
the bus, Freeman exploded out of the bus with armed
with a shotgun. He shot two two police officers dead.
It was described by police last night as an execution,
one of fifty nine year old who was about to retire.

(01:21:19):
The other, a thirty seven year old who's only been
in the four since twenty nineteen. Wounded a third police
officer and then Freeman disappeared. Now he's still on the run.
He has a wife and two children. There are reports
yesterday they may have in fact gone with him into
the bush. That's not true. They've now been found alive
and well. And the amount of police resources they're throwing

(01:21:41):
at this is extraordinary. They've got obviously air support from choppers,
they've got Special Operations Group police from Melbourne and from Sydney.
It's very remote territory. It's at the bottom of the
ski resorts in Victoria. Would have been really cold up
there last night, would have been certainly down around minds
fire and they've just got to fire this boat. And

(01:22:02):
this is the worst police shooting we've had for a
very long time.

Speaker 2 (01:22:05):
Quick update if you wouldn't mind, because you mentioned it
the other day. I'm just reading that there was a
meeting within the coalition and she must be lay must
be in real trouble because kenneben leve this this is
a net zero thing and it's sort of you know,
the Conservatives be the Liberals if you want to put
it that way. Is this going to be an internal
scrap that's going to hurt them, Well.

Speaker 21 (01:22:21):
It's going to go for a long time, and you've
got this government's got another full term and probably another
one after that. Susan Lee's tried to distract people by
having an inquiry into whether they should remain signed up
to net zero or not.

Speaker 10 (01:22:35):
That's being led by one of.

Speaker 21 (01:22:37):
A shadow ministers, Dan Tigan. Look, I think in general
when people look at why we signed up to net zero,
you say, well, you're not going to get there anyway,
so what is the point. You're just causing yourself political
damage and you're not actually doing anything. It's not going
to change the climate, it's not going to save the planet,

(01:23:00):
so why not get out of it? Say that you
support the fact that there is climate change and need
to do something about it. But signing up to these
sorts of documents when countries like the United States are not,
why not get out of it?

Speaker 2 (01:23:12):
Interesting article I read about there was in Parliament the
other day. So the inference being that half her caucus
was sitting on laptops and phones and not paying attention
to what was going on and under Dutton and you
never saw a laptop, you never saw a tablet. Are
they on board with her or are they white anting hero?
I mean, what's going on there?

Speaker 21 (01:23:32):
Well, when you lose by the amount that the coalition
lost to a government that's now got ninety four seats
in the Lower House. It's a deflating thing and there
are a lot of people who are divided. It's more
than Nationals rather than the Liberals, but there is a
split in both camps and they've got to fix it
up or they've just got no hope of ever being reelected.

Speaker 2 (01:23:52):
Could only make we'll catch up next week. Appreciate it
very much. Here's an interesting piece if you want to
read in the Sydney Morning Herald performance of the forty
three opposition members in question time Monday. Embarrassing flat would
be an understatement. So eight forty five The.

Speaker 1 (01:24:07):
Like Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks.

Speaker 2 (01:24:11):
At b Actually, just before we leave Australia, I note
that Cole's yesterday. This goes back to the whole supermarket equation.
Are we being fleeced? Do you want to break up
the supermarket industry in this country? Do we need more players? Well,
Australia's got more players. They got a lot more players
and they've got a lot more competition. Are people happy, No,
they're not. Do they think they're getting ripped off? Yes?

Speaker 17 (01:24:29):
They do.

Speaker 2 (01:24:30):
Stock lost volumes have fallen back because they've had crime
in Australia just the way we've had crime here. They've
introduced all sorts of security measures, camera monitoring, they call
it skip scan, security gates, smart gates, bottom of trolley technology.
I'm not seeing there's the bottom of trolley technology here.
I'm not seeing that here. Anyway, they've got it over there.
So the point being body worn cameras, by the way

(01:24:51):
in some of the shops, the whole thing anyway. Cole's
yesterday supermarket Land of the Free, Home of the brave.
Why don't we all move there? Because it's just so fantastic.
Coals sale rose three point six percent. How much do
they bring it? Forty five billion dollars? Forty five billion
dollars just one supermarket. Underlying net profit rising three point
one percent to nearly one point two billion dollars one
point two billion dollars in profit. You look at that

(01:25:12):
number and go, oh, they're wrapping us off. Bet you do.
Grocery sales increase four point three percent to nearly forty
billion dollars. They're doing fewer but deeper promotions. She's speaking
at promotions. Kadie brought home the last of the Smeg
last night. So we've got the I don't know, utensil holder.
Does that make sense? A little tray utensil holder. We've
now got two utensil holders. And I said, what'd you

(01:25:35):
do that for? And she goes, well, because I had
the stickers and the promotions coming to an end, and
we're starting to get the aks around that if you
hadn't followed this Smeg thing, we're starting to get the
we've run out of product angst, and we've still got stickers. Anyway,
So she had some stickers and she was determined, not
enough stickers for the big stuff, but enough stickers for
the utensil holder. She was determined to bring something home
and I said, well, we've already got one of those.

(01:25:56):
We're going to do with that. She goes, oh, I
don't know, give it away, said give it away. It's free.
Be giving it away too. So we've now got a spearebe.

Speaker 4 (01:26:03):
Next month they'll have a cutlery giveaway and you can
fill those utensil holders up.

Speaker 2 (01:26:08):
I don't know. No, No, it's a flat one. It's
a little flat one that when you're cooking with a spatula.

Speaker 4 (01:26:13):
Oh, it's just like a thing to put you.

Speaker 17 (01:26:15):
It's like it.

Speaker 2 (01:26:16):
Imagine you're in school and they say make something interesting
with clay and you shape it into a.

Speaker 4 (01:26:20):
Ser thinking it was like a little caddy for your cutlery.

Speaker 2 (01:26:23):
It's if it was. If it was a caddy, I
would have called it a caddy. It's so what you
do is you flatten your clay flat. It's one of
those so and you put some.

Speaker 4 (01:26:34):
Because you certainly wouldn't want to have to, I don't know,
use a cloth and.

Speaker 2 (01:26:36):
Clean exactly precisely. So we've got two of us. Anyway,
where was I so Woolworth's report today. What I'm saying
is there's billions of dollars in supermarkets. It costs a
lot of money, it makes a lot of money. And
if you want to see it as a ripoff industry.

Speaker 4 (01:26:49):
Yeah, you fell a stone. It's actually called a utensil rest.
If you'd said that then I would have known what.

Speaker 21 (01:26:53):
You were talking about.

Speaker 7 (01:26:54):
It.

Speaker 2 (01:26:54):
It's a too flash for me. It's a ut We've
got two utensil rests, and we decided that the promotion
thing's over.

Speaker 15 (01:27:02):
That.

Speaker 2 (01:27:02):
I got moderately excited at the start of that, thinking, oh, yeah,
that's sort of useful. We've got it all. We got
every single thing they had.

Speaker 4 (01:27:09):
And so you're having covered built to fit it all in.

Speaker 2 (01:27:11):
None of its use, None of it's useful. It's all
getting given away to the kids. Eight away from nine.

Speaker 1 (01:27:16):
The Mike Hosking Breakfast with Rainthrowver News Togsdad b.

Speaker 2 (01:27:20):
Are you going to ask this question again tomorrow because
it's too late today. But I've been talking to some people.
People fly from Auckland to christ Church when they're going
to Sydney. They fly from Auckland to christ Church so
they can catch an emerate's flight to Sydney because they
don't like in New Zealand. Is that a thing? And
I've met more than one person who does that anyway.
The reason I raise that is that christ Dutchy Airport
has just announced they've made a lot more money. They're
going well, like everything else in christ Church, strong performance

(01:27:42):
and growth, revenue, profit dividends, passenger numbers. Total revenue two
hundred seventy one million, up ten percent, underlying profit up
nineteen percent. Total passenger number six point three nine million.
That's four point eight three domestic and one point five
six international. That's up two point three percent, a stronger
transtasment shed. You'll see the schugital sye are written. There's
something in there anyway. We'll come back to that. But

(01:28:03):
congratulations another successful New Zealand company. We love those five
to nine.

Speaker 1 (01:28:07):
Trending now with chemists, great savings every day.

Speaker 2 (01:28:13):
Right, if you've been watching the Biggest Loser documentary and
you thought you're a loser for watching it, I've got
some good news for Netflix. So women and a Woman
in Cabin number ten, The woman in Cabin number ten's
murder mystery journalist on a super yachts first voyage seeing
someone fall to their death, everyone on board, denying it
ever happens.

Speaker 25 (01:28:28):
Is an award winning journalist. It's doing a place for
us on the Foundation. I know this is an unusual
approach to charity. Three days in a luxury yacht. Laura
here is going to be spying on us the world.

Speaker 1 (01:28:38):
A weaits with baited breath.

Speaker 23 (01:28:40):
Someone's gone overboard.

Speaker 11 (01:28:42):
What did you say?

Speaker 20 (01:28:43):
It's the woman next door, the woman from the cabinet.

Speaker 1 (01:28:47):
Yes, sir, that's what's so unusual. I was backing in
around a chemist blacking. Everyone's accounted for these people.

Speaker 10 (01:28:56):
Run the world.

Speaker 1 (01:28:57):
Don't piss them off. You are a bit of a
downa lowe. It's kind of toxic, my dear, Why would
you be targeted to kill me? To silence me?

Speaker 10 (01:29:11):
I reckon?

Speaker 2 (01:29:12):
I could have picked that voice at the end. Listen
to the cast Cure Nightly Scudlario as in The Gentleman, Brilliant,
Hannah Waddingham, Guy pars Say No More, Netflix, October tenth.

(01:29:33):
That's a slam dunk winner all day long. Don't you
reckon anyway? It's ask for Wednesday tomorrow on the program
Georgia Lyon's Apart from Anything in the studio For a
song and a chat, we begin though No Excuses from
six Happy Days Saday.

Speaker 1 (01:30:03):
For more from the mic Asking Breakfast, listen live to
News Talks it' B from six am weekdays, or follow
the podcast on iHeartRadio.

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