Full Show Podcast: 24 September 2025

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

Speaker 2 (00:11):
You welcome today to leave. Changes we've got, the immigration changes,
the mood of the boardroom, the risk we're heading apparently
for second world status Mark and Ginny Politics Wednesday after
late Wichard Arnold State Side Dennis Shanahan does the business
in Australia. Four Passky Welcome to the middle of the
week seven past six headline was not unheard of, but
part of it seemed a little bit unusual. Like New Zealand,
Australia and its media are fascinated with property. Unlike New Zealand.

(00:34):
At the moment, the Australian housing market is alive and well,
and they're in a constant debate over the cost of
a house versus the number of houses being built, versus
the axis you have to them if you're a first
time and now the upside this side of the Tasman
for several years now is that the priced out of
the market scrap has been silenced and the percentage of
first time buyers has continued to rise. It currently sits
at a bit over twenty seven percent. It's also helped

(00:56):
that the consent boom of several years ago has seen
the ear of a lot of new homes and that
is why during the so called cost of living crisis,
the listings numbers have been so high, thus putting a
dapter on the asking price. But headline over the weekend
in Australia was forward thinking Dad nabs one point one
million dollar in a west unit for fourteen year old daughter.

(01:18):
That's right, parents are yes, plain bank of mum and dad.
That's not new, but now they're apparently doing it years
in advance of needing to. I mean, could the headline,
of course be a bit of bollocks? I mean, does
a mum and dad actually buy a house for a child?
As in they buy it, hand it over paperwork in
all in other words, it's theirs orders mum and dad mean,
we purchase it and you can live in it, or
you can rent it, or you can rent and buy it.

(01:38):
And let's be honest, if your kid is fourteen and
you purchase the unit last weekend, are you leaving it
empty for four or five years? Of course you're not.
You're renting it out in a growing market. This is
a ken to keiwi saber. Essentially, you can't lose, which,
by the way, is why housing has remain the key
we mainstay when it comes to retirement savings. Even if
your child is fourteen, you're not losing a cent on
a house no matter when you buy it. What about

(02:00):
the morals, though, That's the big question, isn't it? What
about the morals? What's the message to a fourteen year
old hasn't even sat in Cea yet and they're sitting
in matso Rico as a homeowner. For goodness sake, did
you have a good weekend? Year dad bought me a house?
Is maturity and growth stymied of all of life's hurdles,
trials and tribulations are solved by a parents checkbook.

Speaker 3 (02:21):
News of the world in ninety seconds.

Speaker 2 (02:23):
Well it was Trump's term today at the United Nations.

Speaker 4 (02:26):
Predictions made by the United Nations and many others, often
for bad reasons, were all. They were made by stupid
people that of course their country's fortunes and given those
same countries no chance for success. If you don't get
away from this green scam, your country is going to
fail and I'm really good at predicting things.

Speaker 5 (02:47):
You know.

Speaker 4 (02:48):
They actually said during the campaign they had a hat,
the best selling hat. Trump was right about everything. And
I don't say that in a braggadocious way, but it's true.

Speaker 2 (03:01):
Then, having done that and a lot else, you sat
down with gatirists.

Speaker 6 (03:05):
And your people have treated us with great respect. Our
country is behind the United Nations one hundred percent. I
think the potential of the United Nations is incredible.

Speaker 2 (03:16):
See Schizophrenic Antonio. I loved it.

Speaker 7 (03:18):
I want to reassure you that the United Nations, from
me to our teams, from the ground to our missions,
we are entirely at your disposal to be able to
work together for a just pieces worlds.

Speaker 2 (03:31):
On the subject of speak to is, the Libdim's and
Britain are having their conference looking for headlines.

Speaker 8 (03:35):
Imagine living in the Trump inspired country. Farage wants us
to become where there's no NHS, so patients are hit
with crippling insurance bills or denied healthcare altogether.

Speaker 2 (03:51):
Nigel was watching.

Speaker 1 (03:52):
Frage responded on x saying, just watching poor ed daily speak.

Speaker 9 (03:56):
He is obsessed with me.

Speaker 2 (03:57):
I'm happy to pay for a psychiatrist. Finally, Kindy Trubbs
and Queensland Craigsley Community Kindergarten was put into voluntary administration
subsequently closed a fifty two thousand dollars to the teacher.
So they decided to write to the parents asking what
they thought about them paying twenty two hundred dollars each
to get their kids art back. One parent was a
bit annoyed about that and he walked into the classroom
to take his kid to arnt back and that led

(04:18):
to him being reported to the police for stealing. And
the police are allegedly investigating that. The Premier, believe it
or not, got involved. There's not a lot going on
in Queensland. Clearly he calls it on Australia. That is
news of the world. In ninety Supreme Court news a
couple of quickies. The Supreme Court has allowed Trump to
remove Rebecca Slaughter. She's the woman he sacked at the
Federal Trade Commission. Six y three was the vote. Kagan,

(04:40):
Satamayor and Brown Jackson dissented as you would imagine the
other one though he lost. Federal judge. He wants to
ban all wind construction wind project construction, but a federal
judge is allowed. Awsted the Ousted is the company, the
Revolution Wind is the project in New England. They can
continue construction of their particular project while this is battle
about in court. So one win, one loss. Twelve past six.

Speaker 1 (05:05):
The Mike Asking Breakfast Full Show podcast on iHeartRadio vowed
by News Talks.

Speaker 2 (05:10):
Evy speaking of wins and losses. Although Kevin is back tonight,
American Time Next Star, which is one of the biggest
operators of affiliated television channels, is not taking him. So
next to our owns roughly thirty stations affiliated to ABC,
and Sinclair owns forty of them, so that's seventy stations.
So yes, he's back with Disney, but a whole bunch

(05:31):
of stations won't be taking him. Fifteen past six c Generate,
it's very Smith. Good morning to you, good boy from
White what's one hundred billion buy you? Hey, it's a
lot of money.

Speaker 10 (05:44):
Yeah, bleasure bit in AI spots, but yeah, this obviously
this is the LATESTEAL is pretty huge, isn't it. So
and VIDI investing in chet GPT owner Open AI and scores.
The booming demand was seeing here for for our tools
and the computing power needed to run them. So we'll
talk ten giga. What's the power here, Just as a comparison,
that's the entire peak electricity demand of New York City.

(06:07):
So the video investing ten billion initially, they've got about
fifty five billion in the banks. They're pretty well equipped there.
They said, it's a giant project. It's actually gonna be
as much as five million of their high powered chips
sets about double the revenue in terms of the impact there.
So the actual impact the partship on the top line

(06:27):
is going to be great on the investment itself. So
it's gonna be tens of billions of dollars of videous products.
She has actually week overnight. But obviously they are the
world's most valuable company. They want to make sure they
stayed the aidaling. So there had been some suggestions that
open ale was closing up to Broadcom on their chips,
so that's watered that down a bit. And obviously also

(06:49):
lignes of in the video positioning itself as a champion
of technology infrastructure, and of course they recently invested five
billion in Intel and it has proved to be just
an order for open ai, know, the world's largest startup
for what it's worth, They said it's going to lead
to new AI breakthroughs. They see compute infrastructure is the
basis of the future economy. So some pretty big calls there.

(07:12):
But I suppose you have some questions here, Mike about
the sustainability of what we're seeing, and you're sat of
almost getting in the circle of AI tech names investing
in each other. And yeah's initial investment is actually more
than open AI's annual revenue. So some said it's a
little bit like the late ninety nineties. You and I'll
give you a bunch of cash and you can buy

(07:34):
my tech kit. So the numbers are just a lot bigger.
But is it a repeat you all have to see.
But yeah, some pretty big numbers.

Speaker 2 (07:41):
Okay, p m I, UK US, I'm looking at the headline.
Both went backward.

Speaker 10 (07:45):
Yeah, that's right. So Tariff's cited is the main cause
of sharply high costs in the US and also weakening
demand and also actually reducing the ability for firms to
raise prices. So largest rise in factory entry Leberl levels
in the history of the PMI survey in the US,

(08:06):
So that gives you a bit of a side of there.
And the UK tariffs also had an impact, but also
a bit of a loss of the men too. Here
this November budget, job losses arise, particularly in the manufacturing sector.
In prices they actually rose at the small straight since
the pandemic. Slightly bit of story in Europe, Mike, the
composite PMI came in at fifty one point two, sets

(08:27):
up slightly on August, that's the ninth month of expansion.
Wasn't all bontomps France's history activity declined for the thirteenth
consecutive months, so obviously discontinue the government there just down
Under in Australia that East as well. In terms of
the pm I have fifty two point one. It was
down sharply from fifty five point five. Tariffs again having
an impact. Business optimism last in a year, but price

(08:51):
plation job graph was steady. But let's have some good
news OCD that're saying everything is resilient. They expect global
growth of three point two percent. She is that's up
from two point nine what they forecast in June twenty
twenty six unchanged at two point nine percent, so it
is a bit of a slow down. They did our
caveat this Mike. The full impact of tariffs are yet

(09:12):
to be felt, so but yeah, certainly though they've lifted
those grave forecasts, so things are looking better for now.
But they also did for our flag a weakening jobs
market in the US, which sounds.

Speaker 2 (09:22):
Familiar, Yes it does, which brings us to Rhode Island
and Jerome. Did he did he say anything profound?

Speaker 10 (09:28):
Pretty much reiterated that that, yeah, there's a the dual mandate,
there's an increasing balance tilted towards a slowing jobs market,
and that's pretty much why they put through their first
rate cart in twenty twenty five. He didn't mention that
word stagflation, but markets didn't react too much, and he
just reassured that things weren't anything like that we were
in the seventies or the aighties, so well, have to

(09:50):
see there. But yeah, pressure rate cats continues to grow.
Just earlier in the day, Michelle Baiman, she's actually a
Trump and appoint on the feed, she said, they have
to move quicker and they're getting behind the curve. So
obviously we saw last week there's a bit of divergence
and modern officials are seeing so. But yr markets are
pricing in two more rate cuts this year.

Speaker 2 (10:08):
Give me some numbers.

Speaker 10 (10:10):
So the S and D five hundred is easeback from
record high sits down point seven percent, sixty six fifty
down soft inero point two percent forty six two six eight,
And there's that down point nine percent twenty two five
nine one forty one hundred flat nine two two three
nicky that was closed for a holiday in Japan a
six two hundred point four percent eight four five. Indeedex
fifty we're flat thirty one to three six. Gold having

(10:33):
a strong session thirty two bucks high three seven seven
nine and ounce oil up a dollar sixty three spot
twenty four currencies US downpoint two percent against the key,
we we are fifty eight point six the key. We
is weaker against the pound as well, down point two
percent forty three point three. We're weaker against the end
down point three percent eighty six point four, and against

(10:53):
the Australian dollar we're also down point two percent. Lucky
if you're Australian traveler coming over, it's eighty eight point eight.

Speaker 2 (11:02):
A joke, okay, Greg go well, I appreciate it, GREGS,
I mean used the messenger. I shouldn't shod them. Greg Smith,
out of generate wealth and Kiwi Saber Specialists posking. That
thing that Taylor Swift's doing with her album when it
comes out, She's doing a theater The Life of a
show Girl. There's a theatrical release, so you go to
the movie theater to listen to the music and doing

(11:23):
it together as a group as a thing. I personally
can't think of anything worse. But it's going to be
in five hundred and forty AMC theaters around the around
America for the October three to five weekend. Anyway, she
sold twelve dollars a ticket. By the way, she sold
fifteen million dollars worth of tickets, so she's laughing. Six
twenty one, you're at news Talks EBO.

Speaker 1 (11:46):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News talksb The Trouble.

Speaker 2 (11:54):
Just to expand on what Greg was saying about the
OEC Dummer is the s morning highest inflation rate. Britain's
in real three point five percent to inflation they say
this year are dropping off to two point seven next
year growth. See they've got inflation without the real growth
one point four dropping to one percent. So they're in
real I mean they are real issues, and lord knows
how reeves are going to handle it with a budget.
Australia growth for this year one point eight are next

(12:17):
year two point two, inflation two point five and two
point four. As far as the world is concerned, Now
that's good because we deal with the world and we
like the world doing okay. But the problem is we
become an outlier with the world because we're not doing
as well as the world. So three point two, they
say this year they did think two point nine, they're
now think three point two, so we'll take that. Next
year two point nine. The USA is also lifted, but

(12:39):
to not much one point eight from one point six.
So once upon a time they thought two point eight,
they're down to one point eight. And you know why.
That's all tariffs. Of course, then we come to this
boardroom herald thing, which is is it fascinating or childish?
I honestly can't work it out if you're going to
score people on numbers. So Stanford's your best ranking, perhaps

(13:00):
not surprisingly four point three eight out of five. Peter's,
Bishop McLay, Mitchell, Brown, Collins, Van Velden, Jones and Pink
are your top ten, which makes lux in a talking
point at fifteen, doesn't it six twenty.

Speaker 1 (13:15):
Five trending now with him as well Spring Frenzy Sale
on Dow.

Speaker 2 (13:21):
You're inside the politics and the un this mad day
we've seen so far. Macron's leaving the headquarters. He's stopped
by the police. He's got ten people with them. There's
a bunch with them, so they gotta wait. What are
they gotta wait? Well, Trump's motorcads due to come through
any moment now, so they close everything down. The cops
get to deliver the news.

Speaker 11 (13:38):
No, I asked with.

Speaker 3 (13:41):
Hey, good to French and I'm sorry, I'm President, I'm looming. Sorry,
it's just that everything's untils a red owl.

Speaker 2 (13:48):
There's a border kicks on the lead.

Speaker 12 (13:49):
That's what you shouldn't see that.

Speaker 4 (13:52):
Let me.

Speaker 3 (13:54):
Never ship with you.

Speaker 2 (13:58):
Let me boss anyway. So at that point Macron gets
on his phone. Guess who he rings? Touch on?

Speaker 12 (14:04):
How are you guess what I'm waiting? Just think because
every fingers pulled them for you.

Speaker 2 (14:12):
It was Donald, of course, made no difference. He had
to keep waiting till Donald rived pass and then they
they only opened up the roads to pedestrians, so he
had to walk the rest of the way. Yeah, Luxon
at fifteen is a talking point obviously, and Willis isn't
particularly good either at thirteen. So they're underperforming. So, just
to surmise or summarize the mood of the boardroom, we're

(14:34):
in trouble. We're heading towards second world status. I get
the sense that, and this is a very comprehensive document.
I get the sense that what we've said on this
program for the last year at least is probably right.
We've missed a trick. They should have gone harder, They
could have gone harder. Yes, they're doing a bunch of stuff,
but it's not paying off and business is now really
starting to worry. So the Finance Minister is with us.

(14:56):
After seven thirty this morning, we'll talk to one of
the people who contribute for this right after the news,
which is.

Speaker 1 (15:02):
Next the news and the news makers the Mic Hosking
breakfast with Rainthrover leading by example, news togs dead be.

Speaker 2 (15:13):
Mike, you're having the implode. Who explain why it's going
to take two years to implement the holidays to pay
changes him? Yes, I do more. Shortly meantime to the
mood of the boardroom at twenty three to seven, what
have we got the views of one hundred and fifty
of the country's leading business executives. The consensus New Zealand's
at an inflection point, desperately needing clearer leadership and direction.
We've got growing for you as our complacency potentially pushing

(15:35):
us towards second World status now. Neil Pavia Smith is
the managing director of for Soath. Barron is with us.

Speaker 9 (15:41):
Good morning Bonding, Mike.

Speaker 2 (15:42):
Do you generally agree with the consensus of your fellow
business leaders?

Speaker 9 (15:47):
Yes, I do. I mean there's no sugarcoating things at
the moment. Yeah, it's pretty hard messages and here for
the government to take. But I think it does reflect
every tough times in the economy. It reflects a tough
times in real New Zealand, and there's concerns being expressed
about the need to tackle the really hard issues, the

(16:11):
structural deficit that we have and some of the longer
term issues that are being raised through the comments.

Speaker 2 (16:18):
They would come back and say we're doing everything we can.
Every lib's being pulled, Is that true?

Speaker 9 (16:25):
I think the government's working very hard. There's a lot
of energy. I think outside of economic matters, you'd certainly
give them a strong tick, and I expect them to
do well across areas like education, crime and so forth,
foreign trade and foreign relations and what have you. But
when it comes to economic matters, I think there is

(16:47):
concern that there we're lacking sort of the long term
focus areas like infrastructure, some of the long term savings,
other matters, and Crown's fiscal position which really acts as
a ball and chain around the economy. So you know,
those are big concerns and I think there is a

(17:07):
need for the government to be much clearer around what
planet is in those areas.

Speaker 2 (17:11):
Having looked at the choices, which is a center left
center right government. Have you critical of center right? The
center left comes out even worse. So I mean, are
we in a parlor state in that sense?

Speaker 9 (17:21):
Yeah, I think were. There are concerns about the whether
the Labor Party is ready to form government, and there
are certainly real concerns about the two coalition parts parties
they would form with the Grent and around economic method
it's no doubt, so you know that that's a concern

(17:42):
that I think it gives an opportunity for the government
to deten some of the key issues, but it also
potentially takes the pressure off around some of the core
methods as well.

Speaker 2 (17:52):
Have they missed a trick? One of the criticisms of
this government is they could have gone harders sooner and
we might not be sitting here in the latter part
of twenty five and stare we're in. Is that fair
or not?

Speaker 9 (18:03):
I think it's difficult to argue two years in that
inherited a real mess and not to be sort of
going much harder and to continue to blame the previous
when you take a softer approach than could have been done.
So yeah, I do agree with that, and I think
that's been reflected through a lot of comments that, you know,

(18:26):
while things are probably picking up right now and we
see lots of evidence of that, you know, some of
the core structural concerns, the long term issues that the
Zealand faces haven't been seized through this opportunity that've been given.

Speaker 2 (18:41):
Is lux and a problem. I don't know how much
weight you place on these scores of cabinet ministers, but
he's not right up there. Is that on him and
him specifically or not?

Speaker 9 (18:51):
I think that there is a concern about both his
leadership around some of these longer term issues and also financially,
and that's been noted through the survey. So this is
not a catastrophic outcome, but there's certainly a very strong
message in here that you know, while business is innovating

(19:13):
and addressing costs and focusing on issues of concern adapting
to the sort of geopolitical environment we're in, there's little
structural reform addressing those deeper issues around the economy and
the longer term matters as well. So there's no doubt
that quarter three will probably see an increase in the

(19:35):
economy at pack up that will be agri led straits
coming down and so forth. It should lead into a
more confidence around the housing sector, more business confidence and
so on and gradually seeing an increase in the economy
improvement and right track long track type polls and an
election outcome.

Speaker 5 (19:56):
So there are.

Speaker 9 (19:56):
Reasons to be optimistic, but hoping it is not a strategy,
and the business community looking for stronger leadership from the
Prime Minister and Finance Minister around some of those core
long term issues in the structural gifts of the New Zealand.

Speaker 2 (20:12):
Well, so appreciated very much. Neil Pavius Smith, who's the
Forsyth Barb Managing Director. Part of The Herald's mood of
the boardroom, the smalling Nickela Willison in an hour's time,
Richard's Next eighteen too.

Speaker 1 (20:21):
The Mic Asking Breakfast Full Show podcast on iHeartRadio, Coward
by News Talk zipp Oh.

Speaker 2 (20:28):
For goodness sake, they've done it again, Milford, Milford done.
They've gone and pulled off a clean hat trick for
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(21:13):
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(21:34):
Asking yeah, question about the holiday sick page changes and
taking so long. Basically, she's Erica Stamfords with us after
seven o'clock. But basically it's tech and that's why the
teachers are taking years, because it's so damn complex and
because our tech is so damn old it takes ages. Mike,
are the government struggling to make an impact on the
economy because of how bad things were in the economy?
They inherited Peter very good question answer shortly fourteen.

Speaker 1 (21:56):
To seven International correspondence with ends and insurance peace of
mind for New Zealand business tied Richard Morning.

Speaker 2 (22:05):
So a lot of headlines around the UN and trouble
with the server thing. What happened there.

Speaker 13 (22:09):
We don't have all the answers as yet, but along
with the gathering of the world leaders for the start
of the new UN session, they've discovered this spy cell.
It seems they just stumbles onto this thing, but the
scale of it is it is pretty numbing. The Secret
Service found a cash of electronic devices unlike anything they've
ever seen before. At one site, they discovered three hundred
servers and more than one hundred thousand SIM cards, all

(22:31):
set up in a way where there could be apparently
thirty million text messages sent per minute. Matt McCool and
that's his name, is the top agent at the Secret
Service New York Fueled office.

Speaker 14 (22:42):
He says foreign governments and criminals located in the United
States are using this network to run their organizations.

Speaker 13 (22:50):
Which governments, well, they're not saying, but it appears they've
identified tires to at least one foreign country and links
to some known criminals. So more information to come. While
at the UN headquarters, as he've been hearing. Trump has
been meeting with Ukraine Zelensky. He says he supports the
view that NATO should shoot down any foreign i e.
Russian aircraft that violate their airspace. His speech at the

(23:11):
General Assembly saw Trump taking verbal shots at the UN
over climate change and immigration policies as well. We're facing,
he says, the death of Western Europe. With all of
this age to London's Mayor City Kahn, who was singled
out by Trump, caused the comments great, appalling and bigoted. Meantime,
Trump also is facing pushback over his backing for RFK

(23:31):
juniors claim that autism is partly linked to pregnant women
taking a sedamnifin sold as tailan old here and panadol
in New Zealand.

Speaker 4 (23:39):
Says Trump, the FDA will be notifying physicians at the
use of said, well, let's see how we say that.
I said a menifin, a ceda menafin said okay.

Speaker 13 (23:54):
Yeah, that's convincing. The bark of scientific research has not
proven such a link.

Speaker 2 (23:59):
And then we come, who were kim Oloo's back but
well st back, Well.

Speaker 13 (24:03):
We can expect a lot of people will be tuning
in if they have the chance to for the return
of the late night comedy host. He goes back on
air tonight after his suspension in the aftermath of the
Charlie Kirk killing. Not all will get that opportunity. The
next broadcast group announced today they're joining the Sinclair Group
and continuing to black out Kimmel. So that's what sixty
six stations still banning him. Kimmel has invited California's governorent

(24:26):
use him as his first guest tonight, so it seems
no back down there. Well, Kim's talk show hosts mates
Colbert and Stewart had these thoughts about their friends come
back once more.

Speaker 15 (24:37):
I am the only martyr and late nights great.

Speaker 2 (24:42):
Unless CBS you want to announce anything.

Speaker 15 (24:48):
That campaign that you all launched pretending that you were
going to cancel, Hulu will secretly racing through four seasons
of only murders in the bell.

Speaker 3 (25:01):
I really was congratulation.

Speaker 13 (25:02):
Yeah. American ABC, though, say they had thoughtful discoursions quote
unquote on all of his as the network saw its
valuation dipped by four Billionat.

Speaker 2 (25:11):
Go mate, We'll see you in a couple of days.
Appreciate it very much. By the way, there's another congressional
meeting coming up. We've got a September thirty, which, just
let me check my watch, it's about a week away.
Another closed down of the American economy, so Trump's going
to meet the Democrats. The other thing is Argentina watched
this because Bessince said the other day they're going to
need to do something with the pace. So they've already
bought the pace of the peso's tumbling, Malay's in real trouble.

(25:34):
Malayan Trump get on, Well, they've spent a billion dollars
supporting the currency. They're going to need to go in
probably for more of the paeso and some dollar denominated
government debts. So that's going to unfold in the next
week or so. Ten away from seven.

Speaker 1 (25:47):
The Mike Cosking Breakfast with Bailey's real Estate News talks.

Speaker 2 (25:50):
They'd be Mike for comparison. I wonder what ratings and
confidence businesses would have that there was still a labor government,
where one can only imagine. But Hipkins is rated by
the way, and he's rated a two, which is the
the the point I tried to make with nearly a
couple of moments ago. It's all very well looking at
some of these numbers and going. They're not doing very well,
are they? But I mean Hipkins is doing worse. The
headline around or the mood from the business community is

(26:11):
Hipkins is running an invisible campaign. Labour look like they're invisible,
which to defend him, I would be too, because you
don't want to put your policy out the year before
an election, so you hold your policy and your big
guns until election year, once people are engaged into it. Mike,
are the government struggling to make an impact on the
economy because of how bad things are? This is why
we're at an inflection point, and this is why the

(26:34):
debate is so interesting and the time is so important.
And the answer is yes and no. Yes, they inherited
something even worse than most of us have imagined. The
damage done to the economy by the previous government was
uncharted territory. So yes, you can give them some grace
on that. But equally, and the report very clearly states it.
This morning, patients is growing thin. And we've said on

(26:56):
this program many many times they should have gone harder,
could have gone harder, And I wonder if there's not
some creeping regret there. Micros se Luxe's dropped again in
the polls. Was not a bit he hasn't dropped. It
is what it is. It's not just Luxon though the
national component of the coalition is too soft. Well you
say that, but in the top ten best performing ministers,
seven of them are national Stanford, Bishop McClay, Mitchell, Brown,

(27:19):
Collins and Pink. Outside the National Party, Peter's at number two,
Brookvin Velden's there, Shane Jones is there as well. So
is that proportionate or a national actually perceived by the
business community to be doing a reasonably good job. Five
to seven.

Speaker 3 (27:35):
Holy in are the outs.

Speaker 1 (27:37):
It's the fizz with business timer take your business productivity
to the next level.

Speaker 2 (27:42):
Who doesn't love thinking about what other people learn a
This is the SEAK advertised salaries numbers for you this morning.
They're up zero point five percent for the quarter. That's
for the quarter, which is roughly in line with a
quarterly growth in twenty nineteen. Annually advatised salaries are up
a two percent, so that's two percent of yees, so
we're not keeping up with inflation. So that's not good.
Down three point one since twenty twenty three, so it's

(28:02):
even worse. You want growth, where do you go? Canterbury's
where you go Canterbury one percent for the quarter of
two point nine for the years. So there is where
the money is. Auckland's up zero point three, Wellington zero
point five, rest of the North Island zero point six.
Outside of christ To it's south I a little bit
slugger zero point three. Most industries have seen average advertised
salary growth. Only a third, though, are growing faster than inflation,

(28:25):
so two thirds are going backwards. And that is the
great conundrum. Year on year. The industry with the most growth,
of course mining resources and energy, because who wants to
dig a hole in the ground. But those who do
get paid well nine point four percent, so that's real money.
Real Estate's up seven point six percent. I don't understand
real estate because most people in real estate get paid
on commission. You've got to sell to earn more. So

(28:47):
is that an ad I mean? Is it people that
in real estate? When you say an advertised salary? Is
it people in real estate who are on the salaries
as opposed to the commissions. Science and tech is up
seven point six percent, legals up four point one. It's
all those six minute slots healthcare and medical. So I
sound like a person who's paid a lot of six
minutes slots, don't I? And I have healthcare of medical

(29:08):
up three point four four industries going backwards, advertising and media.
That's where my wages went this way down zero point two,
Consulting down zero point seven, government down zero point seven,
Design and architecture down one point four. Mind you, having
watched old Phil Spencer and this television program of the
New Zealand's There's Home, the people like Bosley and Co
who do those houses, you can't pay them enough money.

(29:30):
I mean, if you ever want to see sheer genius
on display, have a look at that television program. It's
so uplifting, right, Holiday business done yesterday? Was just me?
Or were you surprised to that your crew leave when
you're on acc How mad is that rule? Anyway, they
got rid of that yesterday. I thank the good Lord.
So the leave stuff, the immigration stuff, and the mood

(29:50):
of the boardroom, or to come this morning from the
my Cosking directs.

Speaker 1 (29:55):
The only report you need to start your day the
my costume breakfast. If Bailey's real Estate covering all your
real estate needs, use togs dead be.

Speaker 2 (30:04):
Welling seven past seven, so the Holidays Act will be changed.
It will be simpler to implement. Apparently pro right are
sick leave driven by ours not work days, and ours
based a cruel for an you will leave and if
you're on ACC you don't get annually building up anymore.
Bred Jacobs is the coffee club CEO, franchise association share
and as with us bread morning to.

Speaker 3 (30:20):
You money, Mike, you like what you heard?

Speaker 16 (30:24):
Yeah, yeah, we do, Yes, we do.

Speaker 5 (30:26):
Look.

Speaker 16 (30:26):
I think everyone has probably said it in the last
twenty four hours, but this has been a problem for
as long as I've ever been in business in New
Zealand twenty odd years. It can't come soon enough.

Speaker 2 (30:36):
And does it look like it fixes it?

Speaker 16 (30:40):
I think at first glance, yes, everything I've read I like.
I do have one concern. I noticed that the official
Beehive press release didn't talk about the calculation of ordinary
working days. And this is around, you know, sort of
public holidays and an alternative day and lou and none
of the media cover yesterday seemed to cover it. I

(31:01):
went digging last night and I eventually found two sentences
in an eleven page document from MB and I still
found it very very a lot of gray area. So
I'm really hoping that one doesn't get missed because that's
a significant problem in our business, with lots of cafes
trading on public holidays and that what is a normal

(31:23):
working day. It's very hard to calculate.

Speaker 2 (31:25):
We'll follow it up and get an answer. The fact
that hasn't been done before. When you talk about twenty years,
why has no one done it?

Speaker 16 (31:32):
Good question, A good question, as I say, as long
as I've ever been in business in New Zealand, it's
been talked about as a problem, and it concerns me
that it's still three years away. I hear people referring
in the last day or so to twenty four months,
two years. The reality is this bill doesn't even pass
until sometime next year, and then another twenty four months

(31:53):
from there. So we're looking at the best part of
three years really before we actually.

Speaker 2 (31:56):
Exactly and even longer for teachers. Is it the tech?
Things explaining the tech were just so antiquated and old
that whatever adjustments just take.

Speaker 16 (32:04):
For River I heard you say that before, and I
probably can't quite agree on that. I just don't believe
that the resources of the massive payroll providers out there
couldn't build these systems much faster if if they really
wanted to. Perhaps the government systems can't, and maybe they're
the handbrake, but I would have thought the private businesses,
you know, the zeros and the smartlies and those kind

(32:25):
of people, they could build this quicker if they needed
to and wanted to.

Speaker 2 (32:29):
Good insight Bread appreciated very much. Brad Jacob's Coffee Club
CEO Franchise Association, New Zealand Chair. By the way, a
milk production you record for August up two point five
percent year on year, one hundred and twenty seven million
kilos of milk solds four point two percent ahead of
last year, this seems. And the break even point, by
the way, from during New Zealand yesterday it's gone up
to eight sixty six from eight forty five. But the

(32:49):
payouts at ten so farming keeps on keeping on right.
The mood of the boardroom shortly ten past.

Speaker 1 (32:57):
The like asking Breakfast full show podcast, Tom iHeartRadio, Howard
By News Talks.

Speaker 2 (33:02):
At be now thirteen past seven. So let's have a
look at the new pathways through residency. It's for skilled migrants,
as we told you, yesterday, Kicks and Midgem. Basically, it's
for people who are here and have work experience or
trades and tech background. New Zealand first play that agree
to disagree with cart of course. Erica Stanford is the
Immigration minister. Enders back with us morning. Good morning, the
announcements you made yesterday, so there's not a bunch of

(33:23):
stuff to cover, but the announcement you made specifically on
immigration yesterday. Is this driven by fear that people will
leave the country.

Speaker 17 (33:31):
Look partly, but we've always had a really good, strong
residency program where people who are skilled and have the
knowledge and talent we need, we always have a residence
pathway for them, and we don't in this case because
of the settings of the previous government. And we've just
fixed that.

Speaker 2 (33:49):
Okay, how many are we actually talking about it? We're
talking about thousands and tens of thousands, hundreds of thousands oil.

Speaker 17 (33:54):
We're talking about relatively small amount. In the first year.
We will have it probably a spike because we've had
up settings not right for the last few years. So
we think between about three and a half and seven
and a half thousand, and then that will settle down
after a couple of years to about an average of
about four or five thousand, So we're not talking about
a huge amount of people, but extraordinarily valuable people to

(34:15):
our economy. You're talking about boat builders and refrigeration technicians
and your tradees and technicians, those sorts of people highly skilled.

Speaker 2 (34:23):
Yeah, well, when you say that, I don't want to
sound like a snob, but the medium wage at one
point one, it's I mean, these are not rocket scientists,
are they. Yes, they're useful, Yes we want them. I
get that, But you're not dealing at the top end.
You're dealing with people who do the fundamentals that you
could argue in another time in another place we might find, oh,
I don't know, in New Zealand to do that well.

Speaker 17 (34:41):
And that is exactly what we want, which is why
I'm transforming and reforming the education system with vocational pathways
so that young people can work their way towards these
positions as well. But at the moment, we don't have them,
and we don't have anyone to train up our young people.
So it is a short term intervention to make sure
we've got the people on ground running our businesses. We

(35:01):
can get export orders out the door, but also train
up New Zealand children. And also, by the way, Mike,
when you you know you need a refrigeration expert to
come and fix something at your house, they're available.

Speaker 2 (35:12):
One hundred percent. I fully get it. But Peter says
when the thirty percent, I thought you answered him very
well yesterday, and I think he's playing to his base.
But be that as it may, he talks about the
thirty percent. I mean, we have seen a remarkable transformation
in the ethnic makeup of this country in the last
echo or so, haven't we.

Speaker 17 (35:29):
Or you could argue that we have for a very
long time.

Speaker 2 (35:32):
Is that good or not?

Speaker 5 (35:34):
Well?

Speaker 17 (35:35):
I'm interested in people who can help drive our economy,
who are amazing entrepreneurs and philanthropists or tradees and technicians
who we desperately need to upgrow our economy. We could
say no to all of that and continue down a
different path, but they don't think that's the path that
anyone wants. If we want a good, strong, productive economy
and high wages.

Speaker 2 (35:54):
As regards your change as and immigration, is this it?
Have we done all we can do?

Speaker 17 (36:00):
There's a number of things still to come. I you know,
may I like to get things done. A lot of
things done, but I get held up a bit in
immigration because of the it changes that are required for
every change we make, which is very frustrating and slow.
So there are some more things to come. We're working
on a startup visa. We've got a lot more work
to do in the r C space for those workers.

(36:23):
So and then there's a whole bunch of other stuff
which I haven't even got on to yet. I mean,
we've got domestic violence issues with people on those visas,
culturally arranged marriages that that visa isn't a mess. There's
there's a range of things I've yet to do, but
we're just working through the list.

Speaker 2 (36:37):
Okay, when you talk startups, that's people coming to the country.
Is that not tired of the Golden visa sort of?

Speaker 17 (36:42):
No, it's very it's very different. This is this think
I think amazing people, not just startups, but think you know,
amazing Olympic swimmers or Nobel Prize winners, you know, so
amazing people with incredible talents, people who want to come
here and make films or people who want to come
here and start a new venture. And we're just working

(37:05):
through the detail on how you work out who those
people are. It's just not an easy thing.

Speaker 2 (37:09):
To do, okay, and the RC you are going to
be more lenient with them and allow them to stay longer,
earn more, send back all of those sort of things
that we need.

Speaker 17 (37:17):
Look, there's a whole range of settings that the last
government had started doing a review on around whether or
not we have multiple entry visas for them rather than
having to come every single fill in a form every
single year. The way that they pay for their accommodation
and how much they pay and when they pay it

(37:39):
that there's a range of different things and can you
share staff between different companies and how easy that is.
There's a huge amount of things we have to get
onto that.

Speaker 2 (37:47):
Okay, put your education head on just quickly. There is
a claim from Abercrombie the bloke that they're having their
annual meeting and you were going to give a keynote
and now you're not and they're blaming you. So where
do we stand on that? What happened?

Speaker 17 (37:59):
I ended up, something came up and that the Prime
Minister's Office gave me a date for the announcement that
I had to make and that meant I had to
be an Auckland So that was the first thing. But
also I did get a letter from the Education Department
that said, Minister, we advise that now is not the
best time to do this because of the bargaining.

Speaker 2 (38:19):
Well, you go down there and give it to them,
just both barrels, do it trump Trump, Then we'll just
get stuck into them and tell them to stop strike
and get on with work and get on with life
in this country needs help. Stick it right up.

Speaker 17 (38:28):
Then, well, I do that, and I do that with
Chris Abercrombie, and he was in my office just a
couple of weeks ago. So it's not that I don't
talk to them and see them and tell them exactly
what I think. I do that all of the time.
But turning up to their conference in the middle of bargaining,
the ministry said it wasn't a good idea, and I
just took their advice.

Speaker 2 (38:45):
We can't carry on.

Speaker 17 (38:48):
Oh, I mean I go to everything, every single invite
I've ever had I turn up to. This is literally
the first time and it was on the advice of them.

Speaker 2 (38:55):
Okay, so four point three eight out of five. In
the mood of the boardroom, you're the number one. You're
the star of the show. You Prime Minister next, Mike, I.

Speaker 17 (39:05):
Want to be the Education Minister for the next ten years.
I have got a lot of unfinished business. We're in
the middle of a reform. I love this job. It's
an absolute honor to be able to do what I'm
doing and support teachers in the classroom and raise achievement.
And I want to keep doing that.

Speaker 2 (39:19):
The overall message in the report says you guys, not
necessarily you, but you guys are struggling and the patients
is wearing thin fair report or not.

Speaker 17 (39:27):
Look, there's always room to improve, and I think one
of the takeouts from the small bit that I've read
this morning is we need to be better at listening.
And there are a lot of people out there, including
the top end of town, who want to help us.
They've got ideas, they've got suggestions, they want to be
in the tent and they're finding that hard. And you look,
we need to take that on board, listen to it
and bring them in.

Speaker 2 (39:47):
All right, appreciate your time. Ed to Education Immigration Minister
Erica Stanford at a score of four point three to
eight out of five this morning. Number one ranking I've
still have been worked out is I mean technically a
two point five is a pass. Two point five out
of five is a pass. I say three because you
know you want to be seeing. If you're running a
three out of five as a pass, then fourteen of
the twenty eight pass. If you're running a two point

(40:09):
five literally fifty percent, then virtually everyone passes down to
Casey Costello at twenty six. So overall, the summation is
that despite the fact that we're at a quote inflection
point and there's a lot to worry about, this lot
of doing reasonably well, Nikola will is still to come.
Seven twenty.

Speaker 1 (40:26):
The Mic Asking Breakfast Full Show podcast on iHeartRadio, Power
It by News.

Speaker 2 (40:32):
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much Hosking seven twenty three Politics, Wednesday after right by
the way, Mark and Jinny were the things we can
do to help the economy through jobs. Firstly, compulsory arbitration.

(41:36):
I am sick and tired of the teachers and the
nurses and the doctors striking. The current strike this week
by the doctors they claim has been a result of
more than a year of negotiation. I mean, surely at
some point in Health New Zealand to finally pull the trigger.
Thank god, it becomes apparent that the two sides aren't
going to cut a deal. Some heads need to be
banged together. Health New Zealand have asked for arbitration. So
a simple law that it's time timeline it and say

(41:58):
the hassle I mean could be timeline could the number
of meetings or offers or counter offers, whatever, it doesn't matter.
Just give it your bear shot. If it doesn't work,
letter media to do the business. Make it binding. Then
the migration pathways announced yesterday that we've just talked about
it seems to have taken an age to realize that
the simple truth, rightly or wrongly, for this country is
we need a shed load of people. Yesterday's settings were
hardly rocket scientists, as I mentioned to Erica a moment ago.

(42:21):
But that's the sad truth about our economy. I'm afraid
a lot of issues around jobs these days, the bread
and butter stuff of daily life, the chocolate fish cafe,
you up with that one. In Wellington they've written to
the minister they need a pathway, they argue for people
to work in hospow Should they need a pathway now?
Of course not. Should jobless be king to fill the
gaps of course they should. But that's our lot, a
bunch of lazy people more interested in skyping than working.

(42:42):
So migration is the answer. They took an age on
foreign houses as well, but we got there. I'm big
on immigration if you don't know that already. People bring skills,
that bring culture, that generally work hard. They've got good
work ethic, They earn money, they pay taxes. There is
growth in numbers the other truth for now, as we
can't ignore too many really good New Zealanders have bailed,

(43:03):
we need a skill and a talent reset. The world
is a competition. Everywhere's a landing spot. The previous government,
of course, made us a place to leave. Couldn't wait
to get out of here. The current lot may change that,
pray they do, but for now talent is still an issue.
Good people are still hard to find. The here and
now answer is immigration. Find those that like the look
of us, make them a deal. Residency is a deal. Yes,

(43:25):
some may go to Australia, Sir Peters is technically probably correct,
but if we're good, some may not, so we win.
See all leavers all ideas more productivity, more pace, less
mucking around, fewer strikes, more attitude, more determination, more deals,
more pathways. It's not hard. You just got to want
to do it. Asking story of the day yesterday that

(43:46):
got varied, sadly because other stuff was going on, was
the bloke at Airways Chief executive James Young will not
be winning the Business Leader of the Year award as
my early prediction. So Airways, you remember a couple of
weekends ago had a problem with their computers and some
of the planes couldn't take off, and those planes that
had taken off had to circle for a while while

(44:08):
they worked out what the computer problem was. Software a shoe,
of course, fire flights were held in the air this
is August sixteenth. Other planes were stuck on the tarmac.
Now at the time, the chief executive, James Young said,
we have significant development capability in the house, but we
are in discussion with the vender. So who is this
vendor who was doing the software? A very good question,

(44:29):
who is this vendor, who is this reprobate, who is
this half, who is this problem maker? But we just
need to take a bit of time, he said, to
understand exactly what happened. So eventually, when we didn't hear back,
we asked the Airways to disclose who this magical vendor
was who provided the software to Airways Corporation, And the answer,
of course is there wasn't one. They were doing it

(44:50):
themselves in house. I asked you the simple question, how
do you be the chief executive officer of an organization
that has an in house software development team that you
don't know exact or you didn't go. I wonder if
we did that in the house before you went, We'll
talk to the vendor, and the vendor turns out to
be you, So you end up talking to yourself. How
do you run a company that you don't know what's

(45:11):
going on? And I don't know James from Abarasaf he
could be a good block for a beer and a barbecue.
I don't know. But all I know is that if
I was running a company and I had an in
house software team, I'd probably know they existed, just saying.

Speaker 1 (45:25):
New Zealand's voice of Reason is Mike the Mic asking
Breakfast with a Vita, Retirement, Communities, Life your Way News
togs head be.

Speaker 2 (45:34):
Twenty three to eight is part of the mood of
the boardroom. Business Leaders rank and ministers out of five Education,
Immigration Minister Erica Stamford tops out at four point three.
As we told you, Christoph Luaxi slid the fifteenth to
two point nine six. Finance Minister Nikola Willis came in
thirteenth on three point zero nine, and Nicola Willis is
with us, good morning, good morning mate. So we look
at the scores out of five. What's the line for you?

(45:54):
I mean between this being a game versus being real?
Do you take a message in this or not?

Speaker 1 (45:59):
Well?

Speaker 18 (45:59):
I do because I'm someone who's always studied my report
cards hard and I always strive to be better. And
for New Zealand, we need our businesses to be succeeding
in order to get the jobs and income growth that
we want to see. So what our business leaders are
saying matters to me. Now, if this is one hundred
and fifty people, we serve five million people. So of

(46:21):
course we also have to be thinking about a broader
range of interests. But certainly I'm interested in what business
has to say.

Speaker 2 (46:27):
Why are you thirteen not one?

Speaker 18 (46:30):
Well, I think we're coming through a really difficult recovery.
I am the person responsible for getting us through that,
and I think until New Zealanders feel like that economic
recovery is behind us somewhere in the growth up swing,
They're going to continue looking at me saying have you
done enough to fix it? So I take responsibility for

(46:50):
both getting us through this clical downturn we've been in,
but also putting us on a higher track for productivity growth.
And I accept that people haven't seen all of that yet,
and they want to see it. They're impatient, they're frustrated.
In some cases. I share their impatience. I share their
desire to get this economy going, and we will let

(47:12):
the results speak. When the results speak.

Speaker 2 (47:14):
Well, that's the problem. There aren't enough results. Hence the
headline mood shift on Willis's growth push. You've failed to
this point, haven't you.

Speaker 18 (47:22):
Well, when I look at what business are telling us
they want us to do, I'm convinced we are doing
the right things. And so if you think about the
fast trak regime, you think about the push to reduce regulation,
even just yesterday, our Holidays Act changes, you think about education,
None of these things are going to happen overnight. But

(47:44):
we are doing the reforms that people have told us necessary,
attracting that overseas investment, ensuring that our science system is smarter,
making sure that the infrastructure pipeline has a bit more
of a ten to twenty year view. You know, we
have for the first time put out twenty year health
infrastructure plans, ten year education infrastructure plan. These are the

(48:06):
things that people tell us they want to see, and
there are some real bright spots in this report, Mike.
You know, Erica Stanford's outstanding work and education is recognized.
Chris Bishop's work on the resource management system is recognized.
The stewardship that Mike Mitchell has provided of the police,
that Simeon Brown has provided of the health system, they're recognized.

(48:27):
So it's not all doerm and glue and I still
think on the right track.

Speaker 2 (48:30):
No, it does not. And I can counter that by
simply saying, if you look at the opposition, their school
is even worse than they don't look ready for government
and all that sort of thing. But what worries me,
and I've said this to you and the Prime Minister
many many times, is that beyond the politics, there are
some of us who are actually quite desperate to see
this country do better. And we were promised a story
in twenty twenty five that simply hasn't eventuated, and that

(48:51):
view is reflected in this morning's report, isn't it.

Speaker 18 (48:54):
Yeah, But you also see in that report some really
positive things, businesses saying they're going to be investing more
over the next twelve months than they have of the
previous twelve months. You see that recognition from Cambergray, who's
an independent economist, saying, look, the reality is that when
you fall from the dizzy heights of a sugar high
led by government high, governments bending, then there is a

(49:16):
come doown. And all of those things are true. So
we see that the changes that we are making have
been helpful and tail ones for growth rather than head
ones for growth. Except but we accept we're not there yet.
We're absolutely pushing to get there faster. And what I
read in this report card is business broadly think the

(49:37):
government's doing the right things. They want us going faster, harder.
And I'll tell you who agrees with that. That's the
Prime Minister and he's driving Each of his ministers are
hard on that agenda.

Speaker 2 (49:47):
Are the matters the RB governors today?

Speaker 18 (49:50):
Yes, I'm looking forward to that announcement.

Speaker 2 (49:52):
Is she good?

Speaker 18 (49:54):
I can tell you that the person whose gender will
be obvious when they stand up as of extremely high caliber.
They are of international standing with huge experience, and I
have complete confidence they'll have a capability.

Speaker 2 (50:07):
Only reason why I asked that is making a female
thing still a thing, given that females do whatever they
want to do. And the more we make oh, it's
a female, the more we're insulting people who actually do
quite well who happen to be female.

Speaker 18 (50:20):
Well as a woman who's in a senior role that
isn't always occupied by women. What I want people to
understand is I'm in that role because I'm the best
person for the job. My gender is secondary, and I
certainly expect that from any senior appointment to a role
so critically important. It shouldn't be seen simply through the

(50:40):
lens of someone's gender. It should be seen through their
capability and skills. But there's another thing, Mike, that I
will say is that I tell you for my daughter
and for many women around the country, they do quietly
say to me, Look, it makes a difference for us
to see you as a woman doing that job because
it tells us that there's no space we can't occupy exactly,

(51:02):
So that remains on balance.

Speaker 2 (51:04):
Is it a good thing? This is like the All
Blacks coach. Is it a good thing that we've got
somebody from offshore that they can see New Zealand as
a genuine opportunity and we can still attract really world
class talent versus oh, why didn't we get a New Zealander.

Speaker 18 (51:18):
Well, I've resolutely not commented on who it is yet,
but what is really encouraging is that there were candidates
of international caliber for this role, which tells us that
they still view one our Reserve Bank as being of
good international standing and reputation, and two that they see

(51:38):
New Zealand as a place that they would like to
live and associate their reputation with. So the fact that
we had such outstanding candidates I think is a very
positive thing.

Speaker 2 (51:49):
Look forward to it. Nicoloilis who is the Economic Growth
and Finance Minister. Of course, just to summarize what broadly
speaking you said in this CEO survey, councils are broken.
I think we'd all agree with that the number one
issue is energy price increases seven point one percent. That's
right up. It's the number one issue the cost of
doing business in terms of energy and the government need

(52:09):
to move on that. Dere I use the word nuclear
and just waste my time. But nevertheless, in a stronger
long term vision is what they want. They mark Luxan
on a whole bunch of individual sort of things, maintains
coalition cohesion, keeps cabinet colleagues focused on delivery. He scores
very well in that, and it's sort of divergent if
you want to get into the weeds. His number overall

(52:30):
isn't great, but when you look at what he's doing
in the individual areas, he scores quite well. So I
don't know how the CEOs square that circle. Sixteen to eight.

Speaker 1 (52:43):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks it be.

Speaker 2 (52:49):
It is thirteen minutes away from eight. Obviously, a number
of you texting me this morning about the very exciting
news from Tory Farnow this morning that she is running
while we already knew's running the local bodys at the
moment of the Murray seat. She may or may win that.
I don't know what I fear for her between twenty
six and twenty nine if she doesn't win that seat,
what she's going to do, Because she's announced she's running

(53:09):
in twenty twenty nine for the Green Party. So they
will be very pleased to see her back. And obviously
the Green Party is in very very good hands when
she returns to the while I'm assuming the leadership in
twenty twenty nine. Meantime though, and equally, I'm just talking
to you if you're involved in business, if you've got
conference coming up, something like that. She's joined us speaking,
she's joining the speaking circuit, and so I don't know

(53:31):
what she's charging, but I mean there's I mean, how
much is too much? Honestly?

Speaker 1 (53:36):
I mean, this is an opportunity not to be missed.

Speaker 2 (53:38):
I think I would have thought. So she wants to
will be talking about resilient leadership, So I mean there's
no price you can put on that. Obviously, four seven
nine is it?

Speaker 3 (53:50):
That's a steal.

Speaker 2 (53:52):
But I just got the text saying Tsb's down to
four four nine for a two year rate, whereas Kiwi
Bank they talk a big game, but simply not willing
to play hard and lead the charge. They're at four
seven nine for the two years.

Speaker 1 (54:08):
Oh, it's a coincidence.

Speaker 15 (54:09):
It's the same fee that.

Speaker 2 (54:10):
It's the same fee you can two years about resilient leadership.
Two year mortgage or you can hire Torri far now
for a four dollars seventy nine. Very at Peace by
Andrew Patterson and Newsroom yesterday, just broadly, while we're on
the subject of the economy, the story of Heinz Group,
and they point out in the article and there a

(54:30):
one hundreds right. Most people, of course don't know who
heins Group are, but they are in fact one of
Australasia's largest producer of concrete pipes and drainage systems and
stuff like that. Anyway, they've got thirty seven branches around
the country and local councils use them developers contract as agricultural.
I mean, you'll know who they are if you're in
the sector. Old school business dominated by long serving staff,
where the owner knows everyone personally and treats them as

(54:53):
extended members of his own family. Becomes emotional describing the
harsh reality of the situation he faces, which, while not
yet fitting the conventional definition of a recession, certainly feels
like one. Having to let go almost fifteen percent of
our nine hundred staff in recent months and facing up
to the reality of a further ten staff set to
be made redundant in the coming months is deeply painful,

(55:16):
very upsetting for me and our family personally, and so
it's well worth reading the whole article because it does
give you a real world insight into what's actually going
on in the economy at the moment and just how
wrecked the joint was when this current government picked it up.
He is highly critical, and this is the key point
I wanted to raise. He's highly critical because if you
don't believe me, and this goes juxtaposes with the New

(55:37):
Zealand Initiative report yesterday, who were busy defending the Reserve
Bank against people like me who have been critical of
the Reserve Bank. But hein's highly critical of the Reserve
Bank for the situation the country's in during the second quarter.
The recessionary conditions really bitters. It was affecting everyone and
to meet it was pretty obvious. I believe the Reserve
Bank should have had to cut the cash rate by

(55:58):
a half percent in May when it was apparently economy
was rapidly contracting and sent a strong message that there
would be more monetary policy easing to follow. Instead, they
completely wimped out. That's on the ground insight, and you
can't argue with that anyway, look it up on newsroom
and have a read. It's good stuff.

Speaker 1 (56:13):
Night away from the Mike Hosking Breakfast with a Vita
Retirement Communities news Togs had.

Speaker 2 (56:19):
Been seven away from the sport of the age in
terms of growth, Pickleball hosting the New Zealand New Zealand
Open this weekend. Four hundred and forty three players registered
now are Brady Is the New Zealand Pickleball Association Chair
and as with us, Ange morning.

Speaker 12 (56:32):
Good morning mate.

Speaker 2 (56:33):
How does the New Zealand Open work these days? Can
you do you have a system or a structure system
where you win your way through? Or can just anyone
enter at the New Zealand Open given you've got born
in forty three.

Speaker 12 (56:44):
No anyone can open. And in fact we've got twenty
nine divisions, so we're trying to make each division. Yeah,
the tournament relevant to lots of players across the landscape.

Speaker 2 (56:54):
Wow, where's the growth coming from? Is it clubs or
is it schools or what?

Speaker 5 (57:00):
Oh?

Speaker 12 (57:00):
I want to say, it's across the board. More and
more schools are playing it now and definitely clubs have
grown and the playing groups pop ups. It's playing all
over the country. We've gone from about thirty playing groups
a couple of years ago to now we've got eighty
listed on our website and those are the ones we
know about. There'll be lots and lots more.

Speaker 2 (57:21):
It's amazing, isn't it. Is it indoors or outdoors? My
wife is finding at trouble with the wind outdoors you
can play both.

Speaker 12 (57:29):
A lot of fickerball in New Zealand has played outdoors,
but we see the stuff in the States and Australia
it's all outdoors and the wind just becomes another fact
that the deal with On the court you're either playing
into it or against it. So yeah, it's in New
Zealand open. It's played on an outdoor court surface with
a roof, so we don't have to try and contend

(57:51):
with any of the four seasons in the day Auckland weather,
which is fantastic.

Speaker 2 (57:56):
Where are we at with a pickle v paeddal thing,
the pickle v paddle y you know, percive globally paddles
a thing and in some countries pickles a thing, you
know what I mean?

Speaker 12 (58:07):
Oh, Look, from from our perspective, if people are out
there playing, they're moving around having fun, building community, making
friends love it. You know. I work collaboratively with the
Paddle Federation as well, and their chair plays pickable and paddle,
so it's fantastic. You know, there's enough people in New

(58:28):
Zealand for all the sports.

Speaker 2 (58:30):
That's good and the younger both interests me. What is
it about the sport that's attracting so many young people.

Speaker 12 (58:37):
It's it's fast, it's athletic. Gone of the days where
pickleble has the perception that was where genis payers went
when they couldn't play tennis anymore. It's it's just super exciting.
And the more young people that come into the sport,
the more they go down there and they play a
session and they meet some friends and it just grows

(58:58):
from there. It's the biggest growth area and out of
the state that age groups of eighteen thirty.

Speaker 2 (59:06):
Five super excited.

Speaker 12 (59:08):
A sucret scarting and I hear that you quite enjoy
the game.

Speaker 2 (59:11):
I don't play the game myself. I mean I could,
but my wife is obsessed about it, and she's set
up her own league and she's got international sponsorship coming
and the whole thing's become embarrassing, you know, so she's
but she's one of many and dosten go well with
the New Zealand Open. I'll get her to went to
next year when she stands a chance. She says she's
quite good, but I've seen no evidence. That's all I mean.

(59:32):
She's a naturally athletic person. I'm digging myself a massive
hole here. She's an inter judge. She's an athletic person,
but she's thoroughly enjoying it. But it's raining today, so
she's not playing, so she's frustrated. But that's enough of
pickleball for now.

Speaker 1 (59:44):
The Mike host game in stateful, engaging and vitally, the
Mic Hosking breakfast with Range Rover leading by example, News
Dogs dead.

Speaker 2 (59:54):
B so last to go.

Speaker 19 (01:00:00):
Are the Colors training from the world, and all my
careful calculation scattered on the wind because you told me.

Speaker 2 (01:00:14):
I was special at He's got one of the best
voices going, hasn't. Sarah McLaughlin first album of original material
in over a decade, A warm hug from aturish friend.
That's a nice word for a collection of songs that
provides listeners with relief and release. The mid tempo title

(01:00:35):
track is Standout Listen Tode title track no quis as usual,
Glen's gone for some random track, for no particular reason
to come here. You've got yourself to him down yet again.
Forty five minutes and forty nine seconds in eleven track,

(01:00:57):
Well I've given it on she was Cabinet Minister and
Marco three point three nineteen. It is eight minutes past
eight and Mike Mitchell and Jinny Anderson are both well.
U's good morning to you both.

Speaker 20 (01:01:12):
Take your modding, Mike wedding Jenny, Morning to you both
as well.

Speaker 2 (01:01:15):
Jenny, how have you filled your week with no parliament?

Speaker 11 (01:01:21):
I'm actually overseas celebrating my husband's sixtieth birthday with him
and my kids.

Speaker 2 (01:01:26):
So sensational. Well, okay, so you've brought your kids with
you on the sixtieth birthday.

Speaker 11 (01:01:33):
Yes, we did, we did?

Speaker 2 (01:01:34):
Was that content true?

Speaker 12 (01:01:35):
Well?

Speaker 11 (01:01:35):
So look we we're a pretty good family. We travel right,
So they're doing they're doing. Okay that the moments of
romantic intimacy are limited, but mind we're still having fun
as a family.

Speaker 2 (01:01:48):
Okay, the intimacy is limited. Nice holiday update, Jenny, Well
done you congratulations. Now a couple of key questions where
if you want to don't have to tell us where
you are if you don't want to, but where are you?
And as the time zone and issue.

Speaker 11 (01:02:00):
This morning, I am in Italy and out in the
sort of the country outside of Siena. And it's about
two puff.

Speaker 2 (01:02:09):
No, that's pretty. That's pretty now, that's that's fair enough.
We were just going to give you the sign. And
what's award for turning up an unusual outs that's all?
Is it nice and warm?

Speaker 11 (01:02:19):
Yeah, it's about I'll be about twenty three degrees beautiful,
more than nine.

Speaker 2 (01:02:23):
And most important of all, your husband is the same
age I am is visually speaking, not not in terms
of attraction general, let's not go there, but in terms
of how he's aging versus how I am aging. How
would you score things?

Speaker 8 (01:02:38):
Oh?

Speaker 11 (01:02:38):
My goodness, is it like mood of the boot boardroom.

Speaker 2 (01:02:41):
It's very much mood of the boardroom, mood of the
sixty year old.

Speaker 11 (01:02:45):
I'd give him like four points even he's doing very well.

Speaker 2 (01:02:48):
I think, okay, good stuff.

Speaker 19 (01:02:51):
But you.

Speaker 18 (01:02:53):
Mark, I know I know as well.

Speaker 20 (01:02:56):
I know him very well, and he's he's in great shape.
Him and I with Dog Hendless the year that we
did a as qualified together top men. So yeah, happy
sixtieth birthday to them. Mike, you got no problem staying
in shape, mate, because when I was in the when
I was at the studio the other day, you had
this flesh little plus that contain are full of all
your healthy morsels.

Speaker 2 (01:03:16):
That that's exactly that's the trick. That's the trick that.

Speaker 11 (01:03:19):
I've got a special name for it.

Speaker 12 (01:03:21):
What do you call it?

Speaker 2 (01:03:22):
My Mediterranean seller? It's not that special. Now, let's let's
deal with the just a couple of quick things, Ginny.
The reason I don't know how much of this year
up on giving you a CELEBRAI has some sixties birthday.
But the residency pathway things that were announced yesterday, the
immigration changes, are they, broadly speaking, something you guys would

(01:03:43):
live with if you got back to government.

Speaker 11 (01:03:45):
Well, the problem I have, as the same problem that
Winston's raised, is that we've lost nineteen thousand construction workers
and the number of apprenticeships has hugely decreased. So where
is the plan for training up our own people. It
seems like we're just reverting to bringing in tradees without
actually having a plan in place for our own workforce.

(01:04:06):
And that's really concerning when those unemployment numbers hugely over
represented as young people pecking.

Speaker 2 (01:04:12):
But here's my problem because the Chocolate Fish Cafe, which
I assume you know because you're from Wellington, is they
wrote to Louise Upstin about the hospital thing. They need
a pathway. They can't get locals. I mean, yes, people
leave the country, yes they're unemployed, but if you can't
get people in hospital, there's too many people who just
don't want to work in this country, isn't there.

Speaker 11 (01:04:28):
Well, I think Louise wrote back and said something like
these nine thousand people unemployed in Wellington, which we all
agree is too many. So yeah, there is a problem,
but we need good pathways into work, in good training
and there was zero in the last budget for anything
in terms of training or incentivization for young people to
take up opportunities, and that's why those numbers for unemployed

(01:04:50):
young people has continued to increase under this government.

Speaker 2 (01:04:53):
Mark, you're the mood of the boardroom just generally this morning.
Do you take on board what is being said to
you by the leadership in the business community.

Speaker 20 (01:05:02):
Absolutely, so I'm at the event now, I've just popped
out to come on the show, but yeah, absolutely, we've
got to listen These are the people on the front
line of the economy with tons of experience, but the
mood here is really positive and they want to be
actively involved in the recovery. So you know, no, it's
to me, it's very very positive. But are we listening

(01:05:22):
one hundred percent with listened.

Speaker 2 (01:05:24):
And chrystoph luxon at fifteen?

Speaker 19 (01:05:26):
What?

Speaker 2 (01:05:26):
How do you, I mean, how do you explain that
that's not good enough?

Speaker 5 (01:05:29):
Is it?

Speaker 2 (01:05:29):
As a leader?

Speaker 19 (01:05:31):
Well?

Speaker 20 (01:05:32):
Look, I can only speak to it as a as
a member of his team, and I think that overall,
when you look at it, the government's actually doing quite
well and he's the leader. He's the guy that's making
that happen. So, as you know, you probably talk to
the wrong guy. Because I've got enormous respect for him.
I've worked with under lots of good leaders. He is
outstanding and when you actually look at his ratings and

(01:05:52):
go through it, you know, the top rating leverages his
personal brand for New Zealand businesses advantage, you know, three
point three point eight three. I mean I've been on
two trade missions with him. Everyone will tell you that
he is relentlessly The energy that he brings and the
promotion that he's doing for us overseas.

Speaker 11 (01:06:09):
When this guy, this guy has promoted himself by being
a leader in the business community, and these are his
own mates in the business community ranking him at fifteen
in his own cabinet, that's not a good sign at all.
And they it shows that he's got no plan to
create jobs and no one's got any faith in his
ability to turn the economy around. And that is a
real consume for this government.

Speaker 20 (01:06:31):
Just on the job, just on the jobs front, very quickly,
is that when Labour went out of government, the projections
were under them that would be in a worse stake
now in terms of unemployment than what we currently are.
So you know, we're actually a better place than what
we would have been under Labor.

Speaker 3 (01:06:45):
We recognize that.

Speaker 20 (01:06:46):
There's that we recognize.

Speaker 11 (01:06:47):
I think struggling on that one, and I think everyone shrunk.
Economy has shrunk and on the edge of a recession.
We've seen a reduction and GDP in that last report.
You know that, and we know the cost of living
is up. He we's are out of work in record numbers,
are leaving the country. Cannot tell people what things are
getting better.

Speaker 3 (01:07:07):
I'm getting worse.

Speaker 20 (01:07:08):
What I'm saying Jenny is that. Yes, I can say
that we're at a better place than what was projected
under the labor government. Yes, we own a recovery. Yes
it is hard, it is difficult, but we remained focused
on it. And the mood he is quite simply that
the CEOs and the businesses want to be more optimistic
and they want to be adding to that and fueling
the recovery.

Speaker 2 (01:07:26):
Okay, real quick, hold on, hold on, holday out of touch?

Speaker 5 (01:07:29):
All right?

Speaker 2 (01:07:29):
Okay, more and more in a moment fourteen past eight.

Speaker 1 (01:07:32):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered
by News.

Speaker 2 (01:07:37):
Talks It be this Talks will be seventeen past eight
Jinny Anderson and Mark Mitchell. Willis just quickly, Jinny, there's
not a political question, but just let me ask this
before I come back to the marketing for you guys,
in this mood of the boardroom, the Palestinian thing, which
may or may not be coming on Saturday morning our time,
why did you guys, did you guys ever think about
it in your time six years in officer? Did you
ever think about it, talk about it, act on it,

(01:07:58):
do anything about it?

Speaker 5 (01:07:59):
Or is it?

Speaker 2 (01:08:00):
Can't understand the fascination slash obsession. We've had with it
in the last few weeks.

Speaker 11 (01:08:06):
It never came up when I was a miniSTR in cabinet.
Wasn't something that I'm discussing. But you know, I think
it's important that people are completely intolerant of the level
of suffering of hundreds of thousands of innocent civilians.

Speaker 2 (01:08:19):
Well, I think they are, aren't they.

Speaker 11 (01:08:20):
It's time that we made esteemed And it seems weird
that they've made a decision, but they're not going to
tell anybody. What's the point. Christopher Luxan has dragged his
heels on this one for too long. Well, it seems
like there's some sort of disagreement between coalition partners.

Speaker 2 (01:08:35):
Well, it's true, but that's that's not the end of
the world, because that is coalition partners. Mark a hand
on heart. Do you know what you've decided yet? Or
as honestly, Winston wandering around New York meeting with people
still trying to allegedly make up his mind.

Speaker 20 (01:08:51):
Well, I think he is doing the right thing. I mean,
you know, the stakes are very high with this sort
of stuff, and it does matter. Are they what you
do and what you say?

Speaker 1 (01:08:59):
Ye?

Speaker 20 (01:09:00):
They are and I think then, you know, so Winston's
definitely doing the right thing. All I can do is
shear my own experiences, having been up in the Middle
East for quite some time, is that everyone up there
totally agrees that you're never going to get lasting peace
in the Middle East until you get a two state solution.
To do that, you need governments on both sides that
are wanting to get around the table and are highly
motivated to make compromises and actually achieve it.

Speaker 3 (01:09:20):
That feels like it's.

Speaker 20 (01:09:21):
A long way away at the moment. I think there's
a lot of retrick that happens down here. I think
that for me personally, my old job was to get
to aid into areas struck by you know, conflict, and
and so I've been working very hard to try and
do that on a on a ground on you know,
on the cold face of actually trying to get things

(01:09:41):
in there. So, but the decision itself will be quite
simply that the Foreign Minister and the Prime Minister and
obviously our cabinet will come to a final decision. We've
got our Foreign minister that's taken a very careful approach
to it, and I think that's the right thing to
do you.

Speaker 11 (01:09:56):
I thought they'd made a decision, but of course.

Speaker 2 (01:09:59):
They've made it decision. They're just mucking around with it.
We all know that Hipkins gets two out of five
and runs the risk of being invisible. Do you take
that on board.

Speaker 11 (01:10:10):
The biggest thing is that that the leader and the
deputy leader of the government renked way back.

Speaker 2 (01:10:17):
I think that's a but they score better than Hipkins.

Speaker 12 (01:10:19):
Stuff.

Speaker 11 (01:10:20):
They're the government, they're meant to be in control and
fixing the economy, and the business community are voting quite
loudly that they have no confidence.

Speaker 2 (01:10:29):
Come on, they're not saying there's no confidence, there's actually
reasonably scored. Hipkins are two is not a good score.

Speaker 11 (01:10:35):
It's pretty low.

Speaker 2 (01:10:35):
Hipkins is lower than all twenty eight members of the cabinet.

Speaker 11 (01:10:43):
It reflects the fact that we've got policy coming an
election year, will have some soon and I think people
are good that people are excited and looking forward to
us having policy, and we'll make sure that it's good
when it comes.

Speaker 2 (01:10:55):
We're excited. The stuff that's coming before the end of
the year is your tax, right, That's what we said. Yep, Okay,
do you know what that looks like? Roughly as you
said here talking to us from an Italian evening.

Speaker 11 (01:11:07):
Those those details are being worked through by Chris Hopkins
and Barbara Edmonds and those the other two that work
through those details.

Speaker 20 (01:11:16):
Okay, Mike, I hope you don't mind me doing this,
but I just I've been reflecting a lot on these
things and no, no, no, and I'm definitely not gonna
say I can't do that. But but look, I actually
just wanted to give a shout out.

Speaker 11 (01:11:31):
I believe these calipon again, he doesn't every week, Mark,
We're going to stop on Mike.

Speaker 5 (01:11:38):
I don't know.

Speaker 2 (01:11:39):
It could be really good.

Speaker 11 (01:11:40):
It's like Mark's weekly shout out time, like I think,
I think to find out.

Speaker 20 (01:11:47):
So my shoutout is suddenly that label will never do
because they try to take the credit for everything themselves.
But I'm going to do a shout out to my chief,
to my chief executives, the communities, move and sing them police,
Richard Chambers, Corrections, Jeremy Lightfoot, Nima, a've Gorne, CFO, Karen
Chang and sport and railing castles and their teens, because
you know what, it's them that's doing the hard yards
and the hard work. And Ginny I was on the

(01:12:09):
phone this week to a police constable, young police constable
and road Rule that was in hospital waiting for surgery
to your arm because you got more by pitbull, and
a female Correctans officer that was slash in the face.
These are the guys out there doing the hard yards,
doing the work and actually delivering for our country. And
so you know, the politicians are agreed.

Speaker 11 (01:12:29):
One I'd like to add one. I'd like to shout
out to working mums right across New Zealand are working
hard every day.

Speaker 5 (01:12:35):
Some of them they are working.

Speaker 11 (01:12:38):
And I'd like to all those working mums under the
cost of learnin crisis who are struggling under this government.
Put food on the table every week. I like to
sell the wonderful ones that you've done.

Speaker 2 (01:12:49):
You just stuck through this particular segment right to the
end without pulling their hair up.

Speaker 20 (01:12:54):
So what Jenny just did there is that that was
a shout out to all of our people on the
front line, and she politicized it.

Speaker 5 (01:12:59):
And is it all right?

Speaker 2 (01:13:01):
Nice to see you guys, Ginny, have a good break.
How long are you away for?

Speaker 18 (01:13:04):
Thank you back next week?

Speaker 2 (01:13:06):
All right? Good on, You're nice to see you marke
enjoy the Yeah Rich the good drinks and nibbles. At
the session mark.

Speaker 20 (01:13:13):
There was a nice breakfast come out.

Speaker 2 (01:13:14):
But I want to speak with you guys, so that's
the herald for you. Nice to see you guys, Mike Mitchell,
Ginny Anderson at twenty three.

Speaker 1 (01:13:21):
The Mike Casting Breakfast with's rainthrowvern use Tog's dead v No.

Speaker 2 (01:13:25):
If you're thinking of renovating the kitchen, now that springs here,
perfect time to get that transformation going in the home
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I did it myself. Tasking what good news for elbow?
You wait till you hear what Trump has said about Ukraine.

(01:14:29):
He's met with Zelensky this morning. I have that for
you very shortly. But also they've locked in a meeting
Albanezi and Trump. Twentieth of October, White House confirmed, well,
third time in six months. It's confirmed until it's canceled.

Speaker 3 (01:14:44):
News, opinion, and everything in between.

Speaker 1 (01:14:47):
The Mic Hosking breakfast with Bailey's real Estate covering all
your real estate needs use togstead b It's.

Speaker 2 (01:14:53):
Hard to believe he comes out I mean how I
was going to say, it's hard to believe he comes
out with the stuff sometimes, But then again, is so
Trump on through social this morning quote after getting to
know and fully understand the Ukraine, Russia military and economic situation.
So just that for a start, what's he been doing
up until now as the president of the United States
When he invited Putin a few weeks ago to come

(01:15:16):
and solve the problem with the war, having promised on
the election campaign trail to solve it on day one?
Did he not know what was going on? So quote
once again for this morning, after getting to know and
fully understand the Ukraine Russia military and economic situation, and
after seeing the economic trouble it is causing Russia, I
think Ukraine, with the support of the European Union, is

(01:15:38):
in a position to fight and win all of Ukraine
back in its original form, with time, patients and the
financial support of Europe and in particular NATO. The original
borders from where this war started is very much an option.
Why not Russia has been fighting aimlessly for three and
a half years, a war that should have taken a
real military power less than a week to win. This

(01:15:59):
is not distinguishing, In fact, it's very much making them
look like a paper tiger. Then perhaps the weirdest thing
Ukraine would be able to take back their country in
its original form, and who knows, maybe even go further
than that. Honestly, twenty two minutes away from.

Speaker 1 (01:16:17):
Nine International correspondence with ends and eye insurance, peace of
mind for New Zealand business as.

Speaker 2 (01:16:23):
Sordy, we go down a Shanna hands back. Well, it's
thennice morning to you. Good morning, so the very good news,
and I announced it just about ten to fifteen minutes ago.
He's well, I mean, for now he's got a meeting
locked in. It's October twenty and so I assume he
comes home and then goes back and it's in the
White House. So dreams come true.

Speaker 5 (01:16:40):
Yes, that's true. Why, of course, what it now means
is that Antony Albinot is going to have to sit
in that Zolinek seat in the Oval Office with a
one on one press conference with the President of the
United States, which can go, you know, various ways. But
what's happened is that they've decided there would be no

(01:17:03):
meeting in New York, not even a pull aside or whatever.
The Australians were justified, but very concerned that if they
suggested there would be a meeting, it would be canceled
and then it would look even worse. As we were
saying on Monday, it's getting to the point where just
a meeting was starting to be a real issue. But

(01:17:24):
now what this means is that there's no discussion of
all the great priorities that Anthony Albinez went to New
York to talk to President Trump about China, the nuclear
submarine agreement, tariff's trade, migration, all these areas are not
going to now be discussed till October, which is good

(01:17:48):
in one way. It means that they'll at least be
very well considered. But it also means that out of
the trip to New York, the concentration is completely on
Palestine and Australia's recognition of Palestine, yes, and the large
number of the other UN members. But it now means
that Anthony Albernasi has spent this is his longest trip overseas.

(01:18:10):
He's still going to the UK after this, on the
longest trip overseas, including the US. The whole focus has
been the Palestinian recognition of a state that doesn't exist,
and he's getting a lot of criticism from or about
and so particularly from Donald Trump and others. So I

(01:18:34):
think that the trip to New York sometimes you know,
is quite good for an Australian Prime minister. This one
he sees is good because it's got the Palestinian focus.
But I don't think in the end it's going to
be seen as a substantial result for Anthony alberinasing.

Speaker 2 (01:18:53):
What's he doing in Brittainy has already been I mean
for a person who's called the nebas elbow, he's not mind.
He's got so much political capital to burn these days.
He's probably not worried, does he.

Speaker 5 (01:19:02):
Well, you see, this is the curious thing that he's
going to the UK in part you see, this was
partly so that he could talk to sirccurse Darma about
UCUS after having spoken to President Trump about Orcus. So
he was going to go from New York speaking to

(01:19:24):
Donald Trump about the US alliance and the Orcus Nuclear
submarine deal, then go to London and speak to sirccurse
Tarma about the other side of the deal, as three
of us in it and the UK is in. So
now what does he talk about the skis Starmer. There's
also some suggestions he might go to the Labor Party,

(01:19:45):
that is, the UK Labor Party conference with sirccurse Armer's
leadership in dire strait. I think if I was the
leader of the Australian Labor Party. I wouldn't be going
anywhere near it. So I think this trip turning into
somewhat of a downside on the politics that yes, he

(01:20:07):
has such a majority, he can afford to burn some capital,
and he's looking at Susan Leeliam thinking she's not really much.

Speaker 2 (01:20:16):
Competition, speaking of what she's been on the phone, I
know to the Australia, the Israeli Foreign Minister saying they'll
flip the Palestine call in the Americans as well. Is
there attraction for her and this or their party in
this look?

Speaker 5 (01:20:27):
There is, I think that certainly amongst conservatives, and again
because the focus has been on Palestine and there's no
this doesn't have any commitments. The Australian recognition of Palestine
was one of the earliest and it had no idea

(01:20:49):
about yes, well we want this or that or whatever.
There's no way that Palestine Palestinian authority can deliver on this.
And I think that Susan Lee will get some strong
support because there is still very strong Israeli support in Australia.
But I think she's made one in the state and

(01:21:11):
that she has written directly to the Israeli government, but
also to US Republicans saying that who are opposed obviouslys
to Palestinian recognition, saying that she'll do it now. It
is perfectly reasonable for her to say we disagree with
this policy. After all, it was a Labor party that

(01:21:33):
broke more than fifty years bi partisanship on a two
state relationship and our relationship with Israel. So she was
entitled to say absolutely, and she would get some political reaction.
But the way she's done it, she has now given
Penny Wong and Antony Albanezing the ability to say she's
gone rogue, she doesn't know what she's doing, she's mishandling it,

(01:21:57):
and so forth. And so once again on a substantive issue,
which is a problem for Anthony Albinating and Penuwong because
they've made an ideological commitment. She has misplayed the politics
to a degree and given them once again a chance
to deflect and distract the public debate.

Speaker 2 (01:22:19):
Always a pleasure to make patch up soon. I appreciate
it very much. Dennis Shanahan out of Australia the other
thing just quickly, by the way, and we've all been there. Myers.
So Myers spent a tremendous amount of money. They took
a bit of a pounding yesterday because they was their
first announcements. A woman called o Livia Worth, who's running
the place. She's new. They spent a lot of money
buying some brands at Meyer's nine hundred and fifty million dollars.

(01:22:40):
They bought JJ's and Just Jeans and Dotty Importman's and
Jackie E. And nothing's happened. So they spent that amount
of money. Only one of those brands grew. Sales grew
to zero point five percent. Second half as stronger than
the first half. But they're taking a bath, so they've
got some They've got some pr issues at good Old
Myers Berk Street, Melbourne was my favorite Meers in Australia
eight forty five.

Speaker 1 (01:23:01):
The Like Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 13 (01:23:07):
At b.

Speaker 2 (01:23:08):
Desturte former president of course and mayor for a while
in the Philippines. He's been charged by the ICC. He's
actually there. They flew in there, which is unusual. Normally
they're in a centure and they sort of never appear
in occasion they're doing nothing really happens anyway, indirectly in
charge or behind killings nineteen people between twenty thirteen twenty

(01:23:31):
sixteen when he was mayor. Another couple of charges when
he was serving as president twenty sixteen through twenty twenty two.
Second count murders of fourteen high value targets across the country.
This was his whole crackdown on the drug thing. Third
the murder and attempt to murder of forty five people
in village clearance operations. So it'll be I mean those
wheels if you ever think that justice turned slowly now
and turns more slowly than the ICC. Lewis Hamilton sold

(01:23:52):
all the cars, which I thought was interesting, and he
had a good collection of them, a lot of the Mercedes,
of course, and he would have got discounts because he
was missing his driver, and he would have gone into
the average show room at them. It's age. He goes,
what's that little, that little a forty five worth? And
they said for you, Hamilton, probably nothing anyway, point being,
he doesn't have any cars anymore, sold the lot. He's
into art and the only carried by. And I often

(01:24:15):
thought that a lot of these guys have spectacular cars,
and not surprisingly so, but I always thought that if
you drive an F one car for a living, anything
else is a bit kind of pedestrian, and I'd take
an uber, I'd go it doesn't matter what I've got.
It's never going to match an F one, is it. Therefore,
if it isn't matching an F one in terms of
all sorts of performance, then really what's the point of it.

Speaker 17 (01:24:35):
You wouldn't go yang wing.

Speaker 2 (01:24:36):
I wouldn't go yang wing. Now, I certainly wouldn't go
yang wing. I guarantee you a bit you anything you want.
There's not a single left one driver's got a yang Wing,
not one. So anyway, he said, the only only one
if he wanted to carry by an F forty, a
famous Ferrari a forty, because that is a piece of art.
And then that he is correct, And I don't know
why he doesn't have an F forty. But he had
a Bagani zonder, so that's gone. He had some laugh

(01:24:58):
ferraris he had a laugh for which is a sporting
version of a laugh. Ferrari had a Shelby Cobra. He
had a McLaren F one, which is a famous famous car.
He had a Mini Cooper. That'll be fun, wouldn't it.
I mean, how many times do you honestly drive the
Mini Cooper apart from never? And here's the weird thing
about him, because he's a bit Can I say this
without insulting him, because I love him, he's a bit
of a tryhard. He said one of the reasons he

(01:25:19):
sold all the cars was for the environment. Now think
about this. If you've got a collection of cars that
you're not driving, they're not impinging on the environment at all,
are they really? And does he not think the people
who bought the cars are going to drive them in
some way, shape or form, so they're still polluting them.
In fact, they might drive them, He wasn't exactly, they
may drive them more. Yeah, so that'd be worse. And
so you know, so don't do it for art. I

(01:25:40):
don't mind, but don't pretend it's for the environment. And
by owning these cars, as was pointed out in the
video I saw the other day, which I thought was
very apt, by owning these cars, you're not buying new
cars that replace them.

Speaker 15 (01:25:51):
That Shellby Cobra is not an ev.

Speaker 2 (01:25:54):
No, it is not an ev. It's nineteen sixty six
Shelby Cobra four two seven. They just probably just a
small hybrid, but no, not a beer as we would
as we would understand. But the environment is not affected
one way or another by Lewis selling his cars. So
let's not pretend they are nine minutes away from nine.

Speaker 3 (01:26:09):
The Mike Hosking Breakfast with Bailey's Real Estate News.

Speaker 2 (01:26:12):
Talks, there'd be That's what I love about the audience
of this program. Are you reminding you correct? Mike Deturte
still mare he got voter backedis the other day he
did too, and they were wondering how he's going to
run the town from the jail. Well, obviously he's not
speaking of cars. Just quickly. Poor shares overnight in Europe
fell seven percent because they are the latest to delay
their EV roll out. And I'll tell you what this.

(01:26:34):
The industry in Europe is absolutely beside themselves at the
moment about how dangerous things are in general terms of
the governments of that part of the world continue to
insist on everyone converting to EV's when they're simply not going.
There's very good piece if you watch Harry's garage look
it up on YouTube. Harry Metcalfe and Clarkson Dude sort

(01:26:55):
of the future of EV's in his latest video is
about the ev market, specifically in Britain and now it's
completely tanked. It's just a disaster. And the problem with
it is is that jobs are on the line. People
are being laid off, left, right and center. From Porsche's
point of view, US import Tariff's decline in Chinese luxury market,
slow down on the ramp up of electric mobility, upcoming

(01:27:15):
line of sport utility SUV's originally planned is fully electric.
Now it's not on It'll be a mixture of engines
and hybrid. I mean the whole they've miss read. The
politicians could not have misread this worse and the fallout
is real for people and people's jobs. Five minutes away
from nine.

Speaker 1 (01:27:33):
Trending now with Chemist Warehouse outbreaking Vida would sale on now.

Speaker 2 (01:27:38):
Now Trump earlier on this morning if you missed it,
we featured at the start of the show. He's been
giving the un a whole serve and you know, just
doing generally what he does. And of course at the
end of it, Daniel Dale, our old mate from CNN,
does the old truth and not truth, and well how
did he go? What have we got?

Speaker 14 (01:27:54):
There are a lot of issues there, so First of all,
some of the conflicts he's counting as war as he
resolved not actually wars at all. For example, Egypt and
Ethiopia have argued over an Ethiopian dam project on the
Blue Nile, but they were not in a raging war
in which thousands of people were being killed. Similarly, Trump
has claimed that he prevented conflict between Serbia and Kosovo

(01:28:16):
from resuming, but they were not in a raging war either.
There were a whole bunch of other planes that were
just out in a fall, so I don't even have
time to run through all of them. But on inflation,
President Trump said the grocery prices are down during this presidency,
they're up, and the pace of the increases is accelerating
as the tearoffs take effect. He has claimed that inflation

(01:28:37):
has been defeated in general. No, inflation is also accelerating
in this two point nine percent last month from two
point seven percent. He said that European electricity bills are high,
which is true, but that ours are coming way down now.
In the US they are increasing sharply, up six point
two percent in August compared to a year prior. He
claimed that he has secured seventeen trillion in investment in

(01:28:58):
the US. Well, just yesterday his own White House Press
secretary said it was about nine trillion in investment. So
I don't know where the additional eight trillion in a
day has come from. And even that initial nine trillion,
the Press secretary clean is highly dubious.

Speaker 2 (01:29:11):
Yes it is, because even if she was right, which
she isn't, nine trillion is larger than the GDP of
every nation except the US in China. So let's be honest.
He makes it up. But there was the worst part.
The worst part was he eviscerated basically the world and
said everyone a bunch of losers and you're all going
to Hell in a handcard, and climate change as a scam.
And so that's fine. He's entitled to say that because
he's the President of the United States. Then he walked

(01:29:33):
and sat down with guitarists and told him how fantastic
the UN was and how cool. It's just like literally
black and white. Yes, and no up on now and
you can't keep up. Back tomorrow morning from six as always,
Happy Days.

Speaker 1 (01:29:49):
For more from the Mic Asking Breakfast, listen live to
news talks. It'd be from six am weekdays, or follow
the podcast on iHeartRadio

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