Full Show Podcast: 01 October 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The newsmakers and the personalities, the big names talk to
Mike the mic Hosking Breakfast with Bailey's Real Estate covering
all your real estate needs.

Speaker 2 (00:09):
News.

Speaker 3 (00:10):
Togs Head been.

Speaker 4 (00:10):
Boding of Welcome today, viccar reform days. Some health news
are good news. Actually on Target's new rules around buying
medical equipment. How a movie tariff would work in what
would it do to our industry? Mark and Jinny after
rate Richard Nald Murray olds they do the offshore stuffs.

Speaker 5 (00:25):
Pasky well the week.

Speaker 4 (00:26):
Welcome to a seven past six now and one of
the great psychological conundrums of the modern age. Why is
it we, still, despite it all, refuse to take part
in local body elections. Local decisions affect more of us
locally than anything Wellington does, and yet national elections draw
eighty plus percent turnout, in a sign that we actually
value democracy. So far in election year twenty twenty five,

(00:48):
the numbers are hopeless, and yet we have councils making
massive decisions, not least of which is around things like water.
The debt associated with that is enormous. Added to the
debt we already have, which in too many cases has
the right agencies worried Wellington has become famous for its dysfunction,
and yet so far we've got to turn out Wellington
of twelve percent three weeks gone, less than two weeks
to go. What last minute gripping piece of information do

(01:12):
you need to make you mark and take part in
a process allegedly so valued ie democracy that history shows
we are apparently prepared to fight for it. Auckland hasn't
even mustered ten percent. For God's sake, Dunedin's at seven.
Christ Diurte well done over sixteen. Traditionally, if you crack
forty by the end of it all, you're right up there.
The tragics gather together around thirty. By the time you

(01:33):
split a race for mayor, say four candidates, splitting that
thirty percent turnout, you're essentially seeing perhaps ten percent of
people electing the top job. It's farcical. Senior rates bill
doesn't matter where in the country you are. Have you
seen your rates bill? You're happy with that, are you?
It's a fiscal scandal, and yet we still can't be
bothered voting moaning yes, voting no. Auckland voted last week

(01:54):
on the biggest unitary upheaval and decades, and yet nine
point eight percent so far have how to say, idea,
why don't we just flag it? If the big issues,
the massive debt, the structural reform can't get us in bold,
give it away, introduce some professionals. The interface between central
government and locals become fraught in many places. Anyway, we're
fantastically over counseled in this country. Seventy ish councils is madness,

(02:16):
especially when we don't care. So let's appoint professionals, people
with experience and credentials, get the mandate from Wellington and
let them get on with it. How many times do
we have to show almost complete and utter disdain for
something before it's broadly accepted that, no matter what the
issue is, how big the moment in time is, we
simply are not that interested.

Speaker 5 (02:36):
Wow, news of the world in ninety seconds.

Speaker 4 (02:40):
One in the afternoon, East Coast, so eleven hours ish.
Looks like we've got to shut down. So it's time
for some blame game.

Speaker 3 (02:46):
They want to open the wall again. Can you believe it?
I can't even believe it. They want to open the wall.
It's like they don't change.

Speaker 6 (02:53):
They lost an election in a landslide and they don't
change Hakeem.

Speaker 4 (02:57):
He's got a different view.

Speaker 5 (02:58):
We're working on dealing with it.

Speaker 7 (03:00):
An issue healthcare that is central to the quality of
life with the American people.

Speaker 8 (03:04):
It's not a clean continuing resolution that is before the
House of Representatives or the Senate right now.

Speaker 5 (03:09):
It's a dirty spending.

Speaker 4 (03:11):
Bill talking of the old back and Ford. Starmers had
another shot at Farage.

Speaker 7 (03:15):
When was the last time that you heard Nigel Farage
say anything positive about Britain's future.

Speaker 4 (03:23):
He can't.

Speaker 7 (03:24):
He doesn't like Britain, doesn't believe in Britain, wants you
to doubt it just as much as he does.

Speaker 4 (03:30):
To which Nige had this to say, And.

Speaker 9 (03:33):
This is a desperate last throw at the dice from
a prime minister who can't even command the support of
half of his own party. But I'm sorry to say
I now believe that he is unfit to be the
prime Minister's.

Speaker 4 (03:47):
Worth wrapping up that Labor conference, by the way, they
felt the need to yet again deny Starmers in leadership trouble.

Speaker 10 (03:54):
I don't think there's any serious contention here.

Speaker 5 (03:58):
K is doing a great job. He is the kill
massive plans last year. We're going to just get on.

Speaker 11 (04:02):
And to please it into the next election absolutely and beyond.

Speaker 4 (04:06):
Then back to the States, where the Secretary of War
was laying out some manly rules.

Speaker 12 (04:10):
No more identity months, DEI officers, dudes in dresses. Every
designated combat arms position returns to the highest male standard.
Only likewise, it's completely unacceptable to see fat generals and
admirals in the wholes of the Pentagon.

Speaker 4 (04:27):
Finally, Aaron Hammond. He was breaking into a mansion in
the middle of the day, this in the Isle of Wight.
Aeron's not too bright. He's got a bit hungry while
he was doing the robbing, so he made himself a
pizza head of juice. Trouble was, he took too long,
only came home, so he had to scalper and the
owner's son's car left the DNA behind. Of course that
the cops didn't take long to round them up, and
overnight he's got a two year suspended sentence. He's the
world in ninety just by the way the prediction market so,

(04:51):
I don't know seventy percent. I would have thought it's
higher than that. Maybe this the last minute deal, but
the prediction markets are saying a seventy percent chance of
a shutdown in as I say about eleven. By the way,
the PMI out of China forty nine point eight expansion
ring no just about though, and the Reuter's estimate was
forty nine points six, So there might be a little
bit of life in China yet. Twelve past six.

Speaker 1 (05:14):
The mic Asking Breakfast Full Show podcast on iHeartRadio Power
by News Talk Zippy.

Speaker 4 (05:22):
Three from three to four Trump yesterday, if you missed
a YouTube of twenty four point five. All the tech
companies threw them off out of Gen six and he
sued them. So YouTube end up paying twenty four and
a half million dollars. It'll go to the nonprofit trust
for the National Mall. That adds to Meta paid them
twenty five million, and X paid them ten. So three
from three for Trumpey. Fifteen past six from Sure and

(05:46):
Partners Andrew Callah.

Speaker 13 (05:47):
Good morning to you, very good morning, Mike.

Speaker 4 (05:50):
Right, our business activity own activity looks all right over all?
Does it look all right or not?

Speaker 5 (05:55):
Well?

Speaker 13 (05:55):
I guess we're asking the question has spring sprung from
a business point of view? And we've got the release
of the am said business outlooking yesterday. So while we're
sort of scanning the environment for these new flickers of activity.
The first place to look amongst it is the high
frequency indicators, and what better place to look in the
A said Business Outlook. It's wide reaching, it's monthly, and

(06:18):
what did we see. We saw a headline business confidence
unchanged at fifty, so that doesn't look like there's too
much spring being springing. Look at the own activity outlook
that has lifted, so there's some optimism building there. Forty
three point four versus thirty eight point seven last month
past own activity that is the best proxy for GDP

(06:41):
in the A said Business Outlook. It has also lifted
four points, which does suggest that there's a bit more
going on in Q three than Q two. Thank goodness
for that. Looking a little bit better there for the
retail sector, but construction sectors still under pressure.

Speaker 5 (06:55):
And I like this one.

Speaker 13 (06:57):
Profit expectations they have risen, and of course we do
who want the business sector to be profitable. A small
lift in activity compared to activity a year ago, that's good.

Speaker 3 (07:06):
A couple of.

Speaker 13 (07:07):
Points of interest here. Mike responses received late in the
month after the negative GDP print were more negative, so
bad news does tend to affect sentiment, and good news
is of course contagious. The results of the survey might
not unequivocally positive. They were a little mixed. But look,
I do think we're laying the foundations for growth in

(07:28):
twenty twenty six. I think we just need to start
believing it, don't.

Speaker 4 (07:31):
Weah, Okay, what about the shutdown? I mean shutdowns on
isn't it?

Speaker 5 (07:34):
Yeah?

Speaker 4 (07:35):
Looking looking?

Speaker 3 (07:36):
Yeah, looking very very likely.

Speaker 13 (07:38):
So us midnight deadline, if we assume that's on the
East coast.

Speaker 4 (07:41):
We've got a few hours ago.

Speaker 13 (07:42):
Yeah, we watched developments over the course of the next few hours,
but I strongly suspect you're going to see it, Mike.
Shutdowns are generally not market moving. They do put sort
of a negative bias on market I'd make a couple
of comments. The longest government shutdown was also under you
guessed at Donald Trump. That was back in twenty eighteen,
twenty nineteen. That went for thirty five days, So you know,

(08:04):
you could have a month of this. What's more interesting
in the immediate sense, Mike, is the potential for it
to disrupt the release of economic data.

Speaker 5 (08:12):
So we've got the yeah, the very.

Speaker 13 (08:13):
Very important non farm pay report, coming this weekend. The
labor market key concern for the Fed, probably outranking inflation
at the moment. Look, we did get what's called the
Jolts report overnight job openings. They were a little changed,
which suggests hiring was subdued. But you get a shut
down Bureau of Labor Statistics, can't, you know, can't. Basically
they will temporarily put up shop and potentially get no

(08:36):
non farm payrolls report, which then potentially disrupts federal reserve action.
So that does have some market implications.

Speaker 4 (08:43):
Okay, helen Stein's it looks headline looks all right, didn't it.

Speaker 13 (08:47):
Well, yeah, so we're looking for these flickers of activity
and Helenstone glasses. They reported full year earnings to August.
The first net profit lifted twelve point one percent to
fifty eight point four That was at the top end
of guidance. They also report an early year sales lift,
so a solid start. They called it to their new
financial years sales up twelve point nine percent in the

(09:07):
initial period compared to last year.

Speaker 5 (09:09):
Happy days.

Speaker 13 (09:10):
But unfortunately the flicker was an Aussie one. It was
driven by new and refurbished stores over there in New Zealand,
trading conditions were mixed unfortunately.

Speaker 4 (09:22):
Okay, Now Michelle didn't move and we didn't think she would.
Is that her done for the year? You reckon?

Speaker 13 (09:27):
The market is thinking that now, Mike. So the RBA
left rates, unchanged the estate three point six percent. Now,
they did say a couple of things I suppose where
the market picked up on. They warned that inflation may
come in higher than expected. They noted in comparison to
New Zealand the strength of the labor market and the
domestic economic recovery, so that probably a little more hawkish

(09:48):
than expected, Mike.

Speaker 4 (09:50):
They now say that.

Speaker 13 (09:51):
Basically from here and then they're very data dependent. There's
less than a fifty percent chance of a further cut
in November. If you look at what the few which
as Marcus are doing, I think they last some of chicks,
it was around thirty percent. So it does look like
the market is saying no more cuts than the Aussie
cash rat until next year. They did say the more
extreme outcomes from the tariffs are likely to be avoided.

(10:14):
So in terms of reactions that matter to us, kiwi
Assie fell even further. Then it recovered then over night,
unfortunately it's fall and again, so it's now at point
eight seven six y four. So mate's not looking to
be good. Fore offshore holidays at.

Speaker 4 (10:28):
The moment might be yez, all right, give us the
other numbers.

Speaker 13 (10:32):
Yeah, So the US markets are just drifting down a
little bit. I think there is sort of sort of
short term concern about the shutdowns to the Dow Jones
is down one hundred and thirty three points as we
look at it.

Speaker 14 (10:41):
That'sero point two.

Speaker 13 (10:42):
Nine forty six thousand, one hundred and eighty one. The
S and P five hundred down ten points, so just
small sixty six five one, and also a point two
eight four in the NASDAK sixty four points, twenty two thousand,
five hundred and twenty six overnight forts one hundred and
half percent nine three five zero four percent fall in
the nick A four four nine three two the close

(11:04):
there half a percent left yesterday. In Shangho composite three
eight eight two. The OSSI index fell point one six
percent yesterday eighty eight four eight The clothes there, the
Insects fifty had a very good day. Restaurant brands surged
takeover there ends AdEx fifty up one point two two
percent one hundred and sixty points thirteen thousand, two hundred

(11:24):
and ninety two key We dollar point five eighth one
point eight seven sixty four against the Ossie point four
nine three five uero point four to three one one
pounds eighty five points sixty nine Japanese En Gold three thousand,
eight hundred and forty six dollars and Brent Crude sixty
seven dollars and fifteen cent.

Speaker 4 (11:39):
Habagro DeAndre Kella has Shaw and Partner's restaurant brands got
the big bid yesterday from one of the major shareholders.
I didn't realize accident compensation acc I'll own four point
seven percent of the company. They've already agreed, so I
assume it's a fader compland there's also a merger opposition.
There's a merger proposition rather not opposition. SCA and seven
West Media in Australia Seas Southern Cross Osteria there radio

(12:03):
basically and seven is channel seven. So the two get together.
It's got to get clearance, but as far as I
can work out, it will six twenty one and a
half here in news talk, said by.

Speaker 1 (12:15):
The Mike Asking Breakfast Full Show podcast on iHeartRadio Power
by news Talk said.

Speaker 4 (12:21):
By possibly a stupid question, why is it called the
non farm payroll camps? Not a stupid question. There are
as stupid questions. The answer is because they take agricultural
pay out and separate them. Simple as that. As the
title says Mike, there're probably more voted for the bird
of the year then we'll vote for council Sadly, that's true.
Mike is a meryor candidate for Hastings. I agree with
many of your sentiments about the elections. I've clocked up

(12:42):
thirty thousand steps and Havelock North over the past two days.
Since it's score holidays, hardly anyones at home voting papers
are still in letterboxes. System's broken and very little changed
since I was elected as a councilor in twenty seventeen. Yeah,
my question is given, it is break, and we all
agree it's broken. Why don't we do something about it?
Six twenty five.

Speaker 1 (13:00):
Trending Now with a well spring frenzy sale on now Let's.

Speaker 4 (13:04):
See if you think this bloke's funny. Chris Colers his
name he makes financial videos. The name may Ring of
Bella's dad's Allen Kohler. He's been well known in financial
circles in Australia for about the last fifty years anyway.
Chris makes these short videos about things like the Reserve
Bank and the housing market, so called boring topics with
a comedic twist.

Speaker 14 (13:23):
Oh hi, I'm calling about the house you have for sale.
I'm keen to buy it. Are you're a smart man?
It's a beautiful affordable home.

Speaker 5 (13:30):
Great? How much?

Speaker 14 (13:31):
Oh no, No, you'll need to come by and yell
what you think it's worth on the street next Saturday.
What And then someone else might yell what they think
it's worth, and then you'll yell another number.

Speaker 5 (13:42):
Sorry, will be yelling yeah or no?

Speaker 14 (13:45):
You know, like if I've point at you and say
will you spend more than you just said you would?
You you know you'd not. This is my first time
doing this? Is that the normal way of buying a home?
Been doing it for hundreds of years?

Speaker 5 (13:55):
Mate?

Speaker 14 (13:56):
And this is in front of everyone. Yeah, well yeah,
the neighbors might come out and have a cup of
team Watch. They might have been clap you if you
did a good job. Seems so weird. Biggest financial decision
of your life and you didn't think you were going
to be yelling on the street. I guess I did.

Speaker 4 (14:12):
Yeah, yeah, I'm thinking that's not funny. By the way,
the NRL is going to make the draw next year
using AI, first time they've ever done it. They currently
engage a Canadian company to compile the draw because everyone

(14:32):
has a crack, like the TV has a crack, and
the teams have a crack, and they go, we want
this and they want that, and you know, they try
and meld it all together. So a Canadian company has
been doing that. Next year they're going to use AI
because they reckon that's the answer. Also, despite the fact
we haven't got the final out of the way as
yet for this season, next year they're going to most
likely do it or look to do it in the
daytime going forward because they think we're daytime football, as

(14:55):
we I think discovered at Eden Park last weekend with
the All Blacks daytime Football winner. Isn't it now Winners
or not? Power reform today it is coming like it
or not. We'll talk to one of the electricity companies.

Speaker 1 (15:06):
Shortly credible, compelling the breakfast show you can't miss. It's
the Mic Hosking Breakfast with a Veta Retirement Communities life
your way news talks, he'd be it's.

Speaker 4 (15:18):
Like to shut down to real or we'll go to
the Gerado, though I mean half of Congress has gone home.
For goodness sake, We'll go to Reginnald Stateside in a
couple of moments meantime of twenty three to seven back here.
Big day, Well, could be a big day for reform
of our energy sector. It came out of last year's
with You, when the prices went stratospiric, the guest picture
looked increasingly grow. Mike Cutures, the Contact Energy CEO. In respect,
whether it's Mike morning to you, morning, Mike.

Speaker 5 (15:40):
How are you?

Speaker 4 (15:40):
If I'm well, thank you. If you've been briefed on
today's announcement, do you know what's in it?

Speaker 8 (15:45):
We had a very brief pre briefing last night, but
it's embargo to eight am.

Speaker 4 (15:51):
Yes, it is so so you and I both know
what's in it. Without giving too much away. Out of
ten they're going to blow the thing up. One they're
barely tinkering. What's your number.

Speaker 8 (16:01):
I think the important thing is for the industry is
that there is support for the renewable investment boom that's
already going on. No one wants to see that stop
or anyone trip over their shoelasers, and so as long
as the focus stays on continued accelerated investment, I think
that's the most important thing for both for the country

(16:21):
right now.

Speaker 4 (16:22):
What about the role of the regulators, the EA and
the ComCom and what they could or could not do,
and whether that makes any difference at all.

Speaker 8 (16:31):
I think the important thing for the regulators is that
one they're able to do their job, but two they're
there to support the market. They're there to give confidence
to investment, and I think that's the important thing that
people need to stay focused on. What we need is
an environment where the investment can flow in and where

(16:52):
the stations can be built. And that means a regulator
has to be effective. It means we need a resource
consenting machine that goes a whole lot faster, is a
whole lot more supportive.

Speaker 4 (17:02):
They would argue that's what they're doing currently, which has
got nothing to do with the day's announcement. Their reform
is going in your direction. Is that fair or not?

Speaker 8 (17:11):
I think, Look, the government has signaled good intent. The
problem is the bureaucracy seems to have a lot of
inertia in it at the moment, and that's what needs
to get moving faster.

Speaker 4 (17:22):
So are you still worried about fast track? They'll say, oh,
fast track, that's the answer you worried about fast trak?

Speaker 8 (17:28):
Fast track. I think the important thing about fast track
is that it's explicitly that now supports development. Our experience
of fast track is it's not that fast, and we
would love it to go fast faster because we have
a large number of projects we'd like to get through there.

Speaker 4 (17:44):
Access to capital is that a problem within the industry,
not for us.

Speaker 8 (17:51):
I think investors are very excited by what they see
in the potential of New Zealand and they were getting
access to that capital is not a problem for us,
and I don't think it should be for.

Speaker 4 (18:03):
Others, Which is the weird sort of thing about today's announcement.
As far as I can work out, yes, we're sure
of gas, and we can all argue about that till
we're blue in the face. But correct me if I'm wrong.
The industry has seen that the stop gap measure is coal.
Rightly or wrongly, you guys are spending your building your soul,
or you're doing your wind. You're doing your geothermal, all
of that. Eventually we will get there. Is that fair?

Speaker 10 (18:25):
I think?

Speaker 8 (18:25):
Look, the investment is unprecedented. It's bigger than the think
bigger era that's going on at the moment. The important
thing is that we don't blow up the settings and
that we support that investment going in, particularly in geo thermal,
which is New Zealand's version of nuclear energy.

Speaker 4 (18:42):
The unions want it doesn't apply to you, obviously, but
the gent tailors that are partially at government owned, they
want them brought back. Any value in having a discussion
around that, No, that's as.

Speaker 8 (18:54):
I said, You've got to play the game in front
of you. That's yesterday's discussion. The important thing is is
that we do the things that support investment, not which
stops everyone on their tracks and goes, how do we
do that?

Speaker 15 (19:06):
All right?

Speaker 4 (19:06):
Good to talk to you, Mike. Appreciate it very much.
Mike Fusy, chief executive officer at Contact Energy. Yeah, I
felt very gliding on yesterday when the unions came out
with the let's buy it all back and renationalize it,
and I thought, have we learnt nothing?

Speaker 1 (19:19):
Nineteen two, The Mic Asking Breakfast Full Show podcast on
iHeartRadio Coward by News Talks EP.

Speaker 4 (19:27):
Right, here's the story. Milford's done it again again. They've
gone and pulled off a clean hat trick twenty twenty five,
picking up three can Star qv Saber Awards. So they're
not just your average QI Saber provider obviously. They have
been crowned the can Star Qui Saber Provider of the
Year for the sixty year running, also NABA can Star
Outstanding Value ke We Saber Scheme Award. That wasn't enough,
they received the can Star Most Satisfied Customer Award for

(19:49):
ke We Sabers two years in a row, which is
on top of winning the Consumer People's Choice Award for
eight year running. You' keeping up with this, It's incredible.
They put their success down to a skilled investment team
focusing on aiming to deliver strong risk adjusted returns with
the aim of putting their membership in the best possible position,
all while delivering outstanding service. Simple as that a a
if only we're were that simple anyway, Milford's award winning

(20:11):
provider with very satisfied customers and changing your Qisaber account
could not be easier. Once you've made a decision to
switch to Milford. You jump on the website, you'll have
it sorted in minutes. Past performance, of course, not reliable
indicator of future performance. And Milford Funds Limited is the
issuer of the Milford Keiwisaber plan. So you go to
Milford Asset dot com slash Kewisaber to read the product

(20:32):
disclosure statement and make the switch. Today tasking Mike Hawler
Hill can lux and say things are starting to get
better here in New Zealand. We're nearly every day we
hear of medium to large businesses closing down. Well, the
answer is there's a tail, and the tail is a
long one. And to prove that, in other words, things
can get better with people still going bust. And to

(20:54):
prove that, I've got some new stats for you very shortly,
six forty.

Speaker 1 (20:56):
Five international correspondence quid ends and I insurance peace of
mind for New Zealand business.

Speaker 4 (21:02):
Right side Doug rich Donald morning what he might shut
downs on, isn't it?

Speaker 5 (21:06):
Yeah?

Speaker 6 (21:06):
I think it is just a few hours off from this.
It'll be the first in seven years. Seems like we've
had so many of them though they all kind of
pile up in your brain. But anyway, if your government
workers survive on your savings. Right, you can do that anyway.
I can do that, right. Trump also was threatening that
instead of laying people off temporarily, he might fire many
people permanently. We made you a lot, and that's only

(21:27):
because the Democrats said, as you know, they wanted to be.

Speaker 16 (21:30):
Able to take care of people that have come into
our country illegally and no.

Speaker 17 (21:33):
System get hand of that.

Speaker 5 (21:35):
Well.

Speaker 6 (21:35):
Trump posted an ai video fake video as saying Democrats
wanted to give health care to illegal aliens and showing
the Democratic leaders with mariachi music playing in the background.
The Democrats Senate leader Chuck sh who is responding to
some of that.

Speaker 1 (21:50):
They say, oh, the Democrats want undocumented immigrants to get
health care, to get the federal dollars of healthcare.

Speaker 5 (21:57):
That is utter ball.

Speaker 6 (21:58):
Well, they say that in their closed or session with Trump,
he didn't even know that millions of people will see
their health insurance rates spike a lot unless there is
an extension of subsidies existing that help low income owners
buy health insurance. So those increases could be enormous. One
example being touted now is that say a monthly insurance

(22:18):
cost of eight hundred dollars new Zealand could double, so
sixteen hundred dollars a month. Meantime, Trump and his Defense
Secretary Heathseth have been lecturing all the military top brass
who were flown in from around the world at a
cost of millions and millions of dollars for rally where
they were told to tough enough.

Speaker 12 (22:35):
More identity months, DEI officers, dudes in dresses, No more
climate change worship.

Speaker 6 (22:44):
Then Trump spoke for about an hour, the usual roster
of Trump beefs, but also orning that the military should
be more active in the supposed war zones in American cities,
at least in democratic run cities like la and Washington
and Chicago, and now in Portland.

Speaker 17 (22:59):
It's a war from within.

Speaker 10 (23:00):
I told Pete, we should use some of these dangerous
cities as training grounds for our military.

Speaker 6 (23:07):
Well, they're calling up two hundred National Guards to patrol
in Portland around Ice Immigration headquarters, leading comedian Stephen Colbert equipped.

Speaker 18 (23:16):
For most of the day, the only protester was one
man in a chicken cost cell.

Speaker 9 (23:21):
It's chaos.

Speaker 18 (23:24):
There are reports that the chicken crossed the road several times,
and authorities are still asking why.

Speaker 5 (23:33):
So, what the clock is.

Speaker 4 (23:35):
Going on Oregon.

Speaker 6 (23:37):
This governor called the White House and said there are
no attacks on federal buildings. Trump replied, well, wait a minute,
am I watching things on television that are different from
what is happening. They are literally attacking and there are
fires all over the place. Well, five years ago there
were big protests in Portland as we know it. Now
seems that Trump maybe maybe he was looking at a
TV spot that included video from twenty twenty.

Speaker 4 (23:57):
Right the piece deal. The polling is while we're a.

Speaker 6 (24:00):
Yeah, it's interesting, a new poll show support here for
Israel is cratering. When Hamasa and that terrorist attack are
almost two years ago where two hundred is Ladys were killed,
there were strong backing for Israel. Now, with Israel's military
response leaving more than sixty four thousand Palestinians dead, there
is this dramatic shift. We're seeing an inflection point as

(24:20):
Trump has given Hamas three or four days to respond
to his twenty point piece plan for Gaza, which amounts
to I guess are surrendered deal this time Arab states
are backing that plan and some of the details are
being filled in. But these poll numbers are striking fifty
one percent say they are either strongly or somewhat opposed
to the US providing further military or economic aid to Israel.
Haven't seen numbers like this before. Fifty eight percent say

(24:43):
Israel should stop its military campaign to protect against more
civilian casualties, even if not all Israeli hostages have been released.
Then there's the age gap that is emerging. Seventy percent
of young voters here saying the US should stop giving
military aid to Israel. That includes increasing numbers of Republicans.
Just thirty two percent of Americans say they have confidence
in as ready leader Nette yo Who. This looks like

(25:05):
an historic turn at a time when fifty eight percent
of Jewish is raere used to find themselves as right wing.
And of course Nette Yahu government often is kept together
by an even farther right group of parties. So it
is showing a real split between the US and Israel.

Speaker 4 (25:20):
Now it's pleasure see you, Frither Richard Arnold's sightside just quickly.
As regards the war, as in the Ukrainian War, they're
meeting tomorrow. Of course, the eure getting together. The Catherine
told us about that yesterday on the program. Vance says
they're looking at the possibility of some tomahawks. They've got
a range of two and a half thousand kilometers that
would get one from Kiev into Russia, and we'll follow

(25:40):
where that goes with a great deal of interest are
because the tension continues to build and we still ask
the question as to whether this is America's war, or
Europe's or anybody. So it's ten away from seven on Mike.

Speaker 1 (25:51):
Costing Breakfast with Alveda Retirement Communities news dogs had been.

Speaker 4 (25:55):
Thinking about American interventionism. If you missed it yesterday, the
Teliban turned off the well everything. Basically they started with
the internet, so there's no internet, you can't get a
phone call, there's nothing going on. So that worked out
well for the Americans. The Americans rolled into Afghanistan, I thought, oh,
we'll fix this place. Funnily enough, Also, i'm reading about Madagascar.
This is Nepal two point zero. So if you missed
Nepal a couple of weeks ago, they got a bit

(26:16):
sick of the economy, sick of the government, too much corruption,
too many Nepo babies wandering around toying with the locals
on social media, so they got all agitated and they
set the place on fire, and then the government ran
down the road and they were still sorting that out. Meantime,
same things happened to Madagascar. We haven't talked about Madagascar
for years, but Rugeline is still running the place. So
once again we've got these gen Z protesters and they

(26:39):
hit the streets and they wanted a better life and
a better government and less corruption, all that sort of stuff.
He went and met them actually for a while, and
that sort of fell apart. So that too is burning
at the moment, and he suspended parliament and I don't
know where it goes, but this might be a thing
to watch globally. Gen Z YouTube, social media, the streets

(27:00):
and rolling governments. Six away from seven.

Speaker 5 (27:04):
Well, the ins and the ouse.

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

Speaker 4 (27:11):
Right, the aforementioned things that could well be looking up
in New Zealand, and yet we have this long tale
of trouble still coming through. So this is New Centric
start of this morning, twelve percent of us who have
credits are in some sort of areas. That works out
to be four hundred and sixty eight thousand of us. However,
that numbers down one point eight percent compared with this
time last year, so we're on the improved month on month,
that's down twelve thousand. There are twelve thousand fewer people

(27:34):
in credit areas. That's a material difference. So's that's the
good news side of it. That's the things might be
getting better side of it. Those who are ninety days
overdue also down to seventy seven thousand people, hardly any people.
Credit card areas are at their lowest level since credit
card reporting began. Only three point seven percent of us
in August, fifteen percent better than last year, so you
see things materially are getting better. Loan of the areas

(27:58):
for vehicles five point one one percent was five point
nine so getting better personal loan areas bind Our pay
later areas went up a little bit. Power bills very
small role in the overall scheme of things. Four point
three percent behind on energy payments last month. That's a
slight increase. I's been winter. Our financial hardship cases stayed
the same. Mortgage areas mostly steady. Only one point three

(28:20):
six percent of us are behind on the mortgage payments,
so it's hardly anybody. Demand side. Now here's The good
news demand side is demand for money up. Yes, mortgage
inquiries are up ten point six percent. Approved mortgage lending
for the last three months is up twenty nine point
six percent competed with the same quarter last year, which
is only six percent below the housing boom period of

(28:41):
twenty twenty one. So we're after the money. A lot
of that's refixing and turning money over, of course, and
stuff like that, but nevertheless, we're still into the business
of borrowing money and getting into the housing market or
investment market. Sixty percent of people in some sort of areas,
that's two hundred and eighty thousand people. Of those behind
on the payments are the under twenty fives forty four
percent choosing buy and now pay later as their first
form of critic I tell you, I've never been account

(29:02):
that Klan, I think, which is global. I know some
of the local operators here have run into a bit
of trouble of late, but Klan is an international player
in the buy now, pay later market, and they're worth billions.
And I just say, I don't know, I've never felt
good about it. And people go, ah, but you don't
pay interest. I mean, yes, people don't seem to have
worked out that although you don't pay interest, what are

(29:23):
you paying for the actual product? You're getting a bargain
on the product. Are you paying full play? You know
what I'm saying anyway, So those there's some good news
in there, I think, is there?

Speaker 3 (29:31):
Now?

Speaker 4 (29:32):
What have we got in the next half hour of
the program, So we'll see whether it's Pea steel lands
Hamas have got three or four days, apparently according to Trump,
to make up their mind on this. We've had a
change of rules around the procurement of medical devices, which
most of us will have gone, well, what the hell
does that mean? How's that work? So I will work
you through back and then we've got this business of
one hundred percent on the movies. The tariffs. This is

(29:53):
the latest Trump idea. This would be material for us.
So we'll talk to the trade ministry as well.

Speaker 1 (29:59):
No fluff, just facts and fias debate, the Mic Hosking
breakfast with the land Rover Defender embraced the impossible news
talks dead bea.

Speaker 4 (30:09):
So where is yesterday's big White House production? Actually land
twenty point piece plan? Of course, immediate CEA's far followed
by the disarmament of her mouse and is ready withdrawing
Gaza's run by Tony Blair and Donald Trump. Gregg Carlstrom
is the Middle East correspondent for The Economist. As with US, Greg, morning,
warning to you, how did it land in your part
of the world.

Speaker 19 (30:28):
Well, there is I would say a mix of hope
and optimism about it. The hope because this is the
closest we've been to a deal since Donald Trump took office,
and it's actually a serious proposal. Unlike back in February
when Trump came out with this, you know, wild plan
to depopulate Gaza and turn it into a beach resort.
This is actually a plan to end the war, to

(30:52):
stabilize and rebuild Gaza. So he gets some credit for
that in the region. But the question now is, you know,
you have to flesh out the tails of this, and
it's a very bare bones proposal. It's basically twenty bullet points.
So there will need to be I think weeks of
negotiations between Israel and mass about the specifics of you know,

(31:12):
when will Israel withdraw from various parts of Gazo, Who
is going to comprise this international peacekeeping force that is
meant to come in and at any point in that process.
It's possible that all of this falls apart exactly.

Speaker 4 (31:25):
We need Hamas to say initially yes, and then we
get into the weeds. Has anything materially changed even if
they do say yes, because it's not like we haven't
had some peace talk so far, and many of them.

Speaker 5 (31:37):
No.

Speaker 19 (31:37):
I think a yes from Hamas and a yes from
Nataiel yesterday that is the beginning of what will be
a long process. I think in the next couple of
days Hamas will give a response, and I think they
understand that they can't say no to this, given Trump's
support for it, given that the alternative is an expansion

(31:58):
of the Israeli war in Gaza. They're going to say yes.
But they're going to say yes, but and they're going
to have changes they want to make to the deal,
clarifications they're going to request, and that is what's going
to start this long back and forth negotiation.

Speaker 4 (32:13):
My big concern is it looks a lot like Putin
arriving in Alaska. So we're full of hope, he's turned up,
he's jumped on the plane, and then we're still several
months down the track and nothing's happened.

Speaker 19 (32:24):
And I think that's a real concern. I mean, I'll
give you one example of that. There is meant to
be an international peacekeeping force comprised mostly of soldiers from
either Arab or Muslim countries that will go into Gaza
once the war ends, that will disarm the mass and
provide security in Gaza. I was talking yesterday with someone

(32:45):
involved in the negotiations who said, listen, no country has
yet volunteered to send troops to be part of this
peace giving force. So you have to line up donor
countries first of all. Then you have to work out
what is the mandate going to be if Arab states
send their troops to be part of this body in Gaza.
Are they actually going to get into a shooting war

(33:06):
with mass if need be? How are they going to
work with the Israeli army, which will still be deployed
in Gaza for the foreseeable future. Those kinds of questions
have you eluded negotiators for the better part of two
years now, and I don't think they're going to be
easy to work out in the weeks ahead.

Speaker 4 (33:23):
All Right, Greg got good, and so I appreciate it
very much. Greg Culstrom, who is with the economists Middle
East correspondent. They're part of the world timidts past seven
at that kind for the medical field where we have
new procurement rules between FARMAC and Health New Zealand. In
a nutshell, it's about being more efficient and having a
clearer model of responsibilities. Farmac's going to handle the high
tech stuff, so anesthetic machines, that sort of thing. Health

(33:44):
New Zealand's buying the sticking plasters as far as it
can work out. Paula Bennet's the chair of FARMAC and
as will us a very good morning to you, good morning,
explain why this is a thing.

Speaker 2 (33:54):
Well pack In twenty twelve you looked at it your
head to what your twenty one day hpase procuring medical
devices separately. You know there's no consistency, there's no efficiencies.
It's more expensive than it should be because you've got
twenty one dhb's effectively doing it. So farmacs start taking
it over, doing a much better job, making savings and

(34:15):
everything else. But then you've still got stuff going on
within the hospitals too, and it's not clear as to
what's going on. Twenty twenty two they suggest that it
goes back to Health New Zealand because now they're all
big one and it makes sense. However, concerns that they've
got enough going on with trying to merge everything and
sort out systems, so it stays as a barmac. Then

(34:35):
you've got uncertainty and some are doing this and some
are doing that, and so here we are decision made.
Ministers have have pulled all the heads together and I think,
quite pragmatically said come to an agreement and let's get
on with it.

Speaker 4 (34:49):
Do you win because you look like a better agency.
In other words, you're buying the flash stuff, and Health
New Zealand buying the needles.

Speaker 2 (34:57):
I think that it just makes sense that they're doing
the day to day I mean, why would we get
involved in as it's not quite the sticking classes, but
the bandages they need, the hospital beds. You know they're
living and breathing that every day and they know those needs.
And then there's the more health technical that we have
an expertise and that we do in medicines on a

(35:18):
daily basis. So what have we got, what's coming up,
what's the therapeutic it can need? The clinical assessment that
goes alongside of it. So I think it's using the
best of both agencies effectively.

Speaker 4 (35:29):
Do we save money?

Speaker 2 (35:31):
Yes, definitely save money. I mean we already save money,
but there is a lot more efficiencies and savings. You've
got suppliers that are confused as to whom they go
to to talk about what's coming up. I mean, it's
exciting the innovation that we've already got, but what's coming
as far as people being able to be in their
homes longer because of the technologies that can be put

(35:52):
in there and the savings that can come from that.
So I think that there's definitely efficiency.

Speaker 4 (35:57):
Good stuff. Nice to talk to you, paul A Bennett.
I'm glad we clear that up the farmac chair with
us this morning, thirteen minutes past seven pasking we're below
four point five percent on your mortgage one year fixed.
B and Z's come to the party. And why they
come to the party, Well, we've got an announcement next week,
haven't we. And so what's going to happen now is
B and Z's going to lead the way at four
point four nine one year fixed, and over the next
couple of days we're going to have a whole lot
more announcements from the various banks around the place, proving

(36:20):
I guess that there's competition. You can probably argue that
if you want to. But nevertheless, next Wednesday we're going
to get another cut. There is increasing discussion. I wouldn't
hold out too much hope, but there isn't increasing discussion.
Could be fifty, definitely be twenty five. They've got two
more meetings before the end of the year, so it's
twenty five and twenty five. Pray to the Lord, it's
fifty plus twenty five. But nevertheless, here's the problem, and

(36:42):
this is the other thing to watch for next week.
It's happening next Wednesday. The Monetary policy statement announcement. Still
with hawksby, of course, is that yesterday the RB and
Australia went and they didn't go anywhere. They went and
held at three point six percent. Is that interesting? Yes,
it is because we think that that's it for the year.
Is no more so. They're on a different path to us.

(37:03):
Have a look at the dollar at eighty seven and
wonder where that continues to go. What's the track of
that of we're still cutting in there? Not if their
story is better than our story, and if the currency
is the world's view of an economy and we're already
at eighty seven, how low does it go? Fourteen past.

Speaker 1 (37:22):
The like asking Breakfast Fall Show podcast on iHeartRadio powered
by news Talks.

Speaker 4 (37:27):
At b are the potential of movie taroff shortly with
our Trade minister seventeen past seven on the broad subject
of health, as we were a moment ago, some new
data around targets for mental health. So the target for
access was eighty percent first year of reforms, it's landed
to eighty three point eight, So I guess that's a
when access to specialist services got over eighty as well.
Just shorre to eed stays big mess sixty nine percent

(37:48):
versus that target of ninety five percent. Doctor Dougal Sutherland,
as clinical psychologist, anders with us Dogle.

Speaker 8 (37:53):
Morning God, morning mate.

Speaker 4 (37:55):
Those numbers all feel about right to you. You see it,
you see it, you feel it.

Speaker 10 (38:00):
Look to be honest, the access to specialist services was
a surprise, a positive surprise that that's not necessarily what
I've kind of heard, but you know that's what the
stats say, so we'll accept that, and that's positive.

Speaker 5 (38:13):
I think getting yeah good.

Speaker 4 (38:15):
Regionally, three out of four got it. The South Island
is a mess. So we're still sort of talking post
code stuff, are we.

Speaker 17 (38:23):
Yeah, a little bit.

Speaker 10 (38:23):
And if you drill down even further by kind of district,
you know, some some areas West Coast fifty seven percent,
Northland fifty eight percent, so they are you know, some
of those rural areas have have always been difficult to service. Well,
they've spread out geographical areas and it's always been difficult
and they're still lagging behind a long way. So it
still is some post code stuff.

Speaker 4 (38:44):
Absolutely, So what has happened here? Is it more money
or is it deficiency of money or more people or
all of that?

Speaker 5 (38:51):
Yeah?

Speaker 10 (38:51):
Probably, I don't know if it's all. I don't know
if it's more people. They're still not training the promised
five hundred people more per year that the that was
one of the targets. So not sure if it's more people,
but perhaps more efficiency. I would imagine that there'll be
some siphoning or not that's not the right word, targeting
of funding towards those areas to meet those those targets,

(39:12):
which is which is one of the benefits of having
targets and goals.

Speaker 4 (39:15):
I guess, Okay, explain the six hours and ned, how
do you know an ED, whether it's a mental health
case or just a regular medical case, and are they
given the d D S a shambles anyway? Are you
ever going to get to the target?

Speaker 10 (39:27):
Yeah, look, I say, you know that that'll be when
people present a d D You know, you go up
and get triaged and you basically say why you're here,
And people would at that stage so that they're here
for some sort of mental health issue, or they've been
brought in by the police or the nearest and dearest.
So that's the way that you'd identify it very quickly
at triage. But yeah, I think that that that issue

(39:48):
is all tied up with with the just huge pressure
that our eds are on under at the moment. And
I think that's that's almost I think a separate issue
from mental health.

Speaker 5 (39:58):
That needs to be that.

Speaker 10 (39:59):
Yeah, that needs to be look separately apart from this.

Speaker 4 (40:01):
I think that's how I was seeing. Are you broadly
speaking optimistic iman mental health? I mean, how long are
we're doing mental health interviews? I mean, you know, forever
we are we heading in the right direction.

Speaker 10 (40:12):
Yeah, Look, I'm cautiously optimistic. I've give him a past mark.
There's still room for improvement. But look, I do think
it's useful having a Minister for mental health. I think
it brings the focus onto that area. When you've got
a minister, people focus on things, and so I think, yep,
we're slowly edging towards it. Is there room for improvement, absolutely,
but are we getting there?

Speaker 17 (40:34):
Yeah?

Speaker 3 (40:34):
I think so.

Speaker 4 (40:34):
Good stuff. Doogle appreciate your insight, Doctor Dougal Southerland, clinical psychologist.
Which reminds me of that herald boardroom thing last week.
How much of that was just image? Do you reckon?
Because Doosey didn't score well, he's the Minister of mental Health,
he didn't score well. You've just heard a doctor saying
he's doing a reasonably good job. So how much of
it was CEO's game?

Speaker 5 (40:51):
Doc?

Speaker 4 (40:51):
Yeah, Doocy, I can't remember. I'll give him two point
three best story of the day for me. By the ways,
these doctors who are staying in New Zealand, so they're
all leaving the country. Ninety percent of doctors are graduate
stay so the whole business of leaving the country simply
isn't true. Which is encouraging, isn't it.

Speaker 1 (41:07):
Seven twenty The Mike Asking Breakfast Full Show podcast on iHeartRadio,
how It by News Talk.

Speaker 4 (41:15):
Zeb first of October, which means what it ends today,
What ends today. The Chemist Warehouse Spring Frenzy megasale ends
today midnight tonight, so you've got to get in store,
do it online if you're liking you don't want to
miss out up to half price off their everyday low
prices on these big brand vitamins and cosmetics. Chemists Warehouse.
They are the home, of course, to the biggest range
of Go Healthy in Clinicians vitamins. They're up to half price.

(41:37):
You'll find health Reason Neutral Art vitamins up to half price.
Brows the Chemist Warehouse range of Good Health or Meet
Today vitamins, They're up to half price. Shop your favorite
sweets and Nature's Way vitamins. You've guessed it, up to
half price. Cosmetics yes, yes, yes, yes, W seven, Laurel,
Maybe Lean, Revlon, all up to half price in Today's
the last day to stock up on those vitamins and cosmetics.
To make the most of the incredible Chemist Warehouse Spring

(41:59):
Frenzy Megas sale, you'll have to be quick midnight tonight
in store online at Chemist Warehouse and remember stop paying
too much. Task E seven twenty four hour the Diston
Street building debarcle. I'm thinking to myself yesterday afternoon, the
Dickson Street building debarcle surely allows us to ask some
questions of the treaty process, doesn't it? If you missed it,
Dickson Street Department's Wellington sold for a million dollars to

(42:21):
Local mari under their treaty deal. The treaty deal had
a first right of refusal clause. Now, my assumption, clearly
incorrectly is you would get first right of refusal based
on the idea that something of cultural or historic significance
was coming to the market, and as local EWE, you
wouldn't want to miss that opportunity. I didn't realize this
was a commercial free for all where anything and everything

(42:41):
for sale goes to Local Mariy first. Further, I had assumed,
clearly wrongly again that in having a first writer of refusal,
that meant the long lost treasure, whether historic or cultural,
would be returned to SAIDI we to be honored and
looked after imperpetuity, not flecked off the quick profit. So
obviously nothing like that is remotely part of the treaty deal.

(43:01):
So first question, why not? Next question, is if it isn't,
is it commercially acceptable to have a race based clause
when it comes to real estate? And even if it is,
is it commercially acceptable to sell stuff cheap for If
you haven't followed the story, five minutes after buying the
building for a million bucks, the new owner sold it
for three million. So under a special deal signed for

(43:21):
on our behalf by our government, we the taxpayer, lose
two million dollars on one building. Next question, how could
a crown agency I Eking Aura think a million dollars
was a good price for something that was clearly worth
three million? And in that is the problem, of course,
of not involving the free market. Next question, did anyone
involved in the cloistered deal know what they were doing?

(43:44):
And if not, given its taxpayer's dosh, why not? Another question?
Was the treaty process designed so tribes could get into
the real estate speculation? At what point was a treaty
settlement about putting past wrongs right versus turning tribes into speculators.
This was a bad deal. The original owners of Dixon
Street I US got stiffed and we got stiffed because

(44:06):
of a race based real estate clause that arguably should
never been part of an historic arrangement in the first place.
Final question, what are we going to do about it?
Or more worryingly, is there anything we can do about
it at all?

Speaker 5 (44:19):
Asking Mike.

Speaker 4 (44:20):
New Zealand's got a confidence crisis at the moment, both
domestically and internationally. Domestically, the media is all over any
bad news, and internationally investacy and opposition government that's going
to reverse any progressive moves the minute they get in
the currency might tell the story, well it's not a
bad point, but you I mean, eighty was the day
when you go to Australia and you're going you're standing
there in Myers and Burke Street mall, or you're at

(44:42):
David Jones and you're saying to yourself, or it's a
one hundred Australian dollars, how much that's New zeal It's
about one hundred and one dollars fifty, isn't it, because
I mean it's ninety six ninety seven cents. And every
now and again we have that parity thing, you know,
once upon a time we have or can we get
to parity? We never get to parity, of course, but
we get close enough. So therefore it's roughly dollar for
dollar now TODA eighty seven. I mean that's materially different.
It's like being in Europe. Europe used to be sixty,

(45:04):
the euro used to be sixteen, and you're going you
just add ten and do your numbers and suddenly it's
forty eight. And as for the pound, that's a joke.
You're like tripling it. If it's thirty pounds, it's one
hundred bucks. Anyway, tariffs, here's your next problem to worry about.
One hundred percent on movies. We tend to make a
few movies in this country. What if anything, can we

(45:27):
do about that?

Speaker 1 (45:28):
Trade Minister is next asking the questions others won't the
mic asking Breakfast with Bailey's Real Estate covering all your
real estate needs.

Speaker 5 (45:38):
News dogs head.

Speaker 4 (45:39):
Be Politics Wednesday, Mark Mitchell, Judy Anderson. Of course it's
pretty three minutes away from it. Yes, we've got some
more names today for the big prize package to Melbourne
for the Big Race next year. It's Friday six, Saturday seven,
Sunday eight in Melbourne. So more on that shortly. Now,
what don't we make at the Trump by deuar of
tariffs on movies? You floated at the back. Of course,

(46:00):
it came to nothing until yesterday when he decided one
hundred percent was a good number. Tod mcclay's the trade
minister's back. Well, it's Todd morning.

Speaker 14 (46:07):
Till it's good.

Speaker 4 (46:08):
Goddamn Now this must make your life hell, mustn't it?
Given this is just all of these things are constantly
moving targets.

Speaker 16 (46:16):
Yeah, it's the uncertainty that's most challenging, not only for
New Zealand exporters, but I was in Malaysia last week
with a lot of other trade ministers. They are all
dealing with exactly the same thing, you know, a rolling
mall of announcements, some of which actually have substance with
behind them. We've seen an announcement over soft wood, timber
and so on into the US. You just hit with

(46:36):
for New Zealand, a ten percent tariff for Canada where
they get most of it from to build their houses
fifty seven percent, so very high. But ultimately we also
see these truth social announcements which aren't really announcements, and
it's creating great uncertainty. Hollywood will not know what's going on.
But you know, our film ministry too are right to
be concerned.

Speaker 4 (46:56):
Does he have a point? This is Trump and this
whole subsetce thing is an artificial market and it is
a race to the bottom. And therefore, if you take
his view of the world, he's right, isn't he Well?

Speaker 16 (47:08):
No, well, I mean American states and solves do it.
And it's a very competitive industry. But if you think
about how a film is made, you know, in some
countries the whole film will be made there. But if
you're doing something and I don't know Auckland, the film
that's got views of Auckland and a door Paris with
the Eiffel Tower, you don't build a new one in
a studio in Hollywood. You go out and do some
of the filming there and you come back. The second

(47:29):
thing that I think is being missed in the wider
discussion about these tariffs is the US makes more money
from the world selling films to them then the rest
of US get from helping them make better quality films.
And so ultimately, this is the first time the presence
announced anything in services. Every other tariff has been on
good to tangible, good to meet the dairy, the stuff

(47:50):
like that, right, and it's not clear how this will.

Speaker 4 (47:52):
Work Yeah, how would you kell, I mean, if you
were his advisor and a bit of it was made
in New zad a bit of it on Ireland, and
some of it in America, how would you slice that up?

Speaker 16 (48:04):
Well, that's the bit if you think about the first
announcement he made around you know, the very first tariffs
for the whole world. It was based upon he said,
different tariff rates, and it wasn't. They just had to
come up with a formula. When he put to US
from ten percent to fifteen percent, it was as arbitrary
as every country in the world that had a trade
surplus last year against the US is fifteen percent or more.

(48:26):
And so you know, my advice, if I was an
advisor to the president, is a better way to shore
up the US economy and to drive investment in growth.
But he did a campaign on tariffs and he is
doing what he said he was going to do. From
New Zealand point of view. For the film industry as
an example, though very competitive, have a very very high reputation.
I've got a call later today with a number of

(48:47):
producers and filmmakers and actors predominantly New Zealanders but are
very involved in Hollywood to see what they think, what
the studios are saying. But in the meantime, they're telling
me films are still going to be made here out
of the US, irrespective of what happens there. And about
two thirds of all of the movie industry and filming
its in New Zealand comes from the rest of the world,
not the US, So look that resilient. They'll still do well.

(49:09):
We're just going to work out what this means and
look for ways that are non financial to help our
films set there because it is important to New Zealand.

Speaker 4 (49:16):
Why I've got your India FTA.

Speaker 16 (49:18):
Any movement, Yes, there is a movement there. We're making
very very good progress, although it's challenging in the areas.
We just had our third formal round in New Zealand
two weeks ago. I would say maybe sixty percent of
the agreement is done and we've finalized it, but of
course the hard stuff about you know, the goods we
want to sell them and vice versa comes towards the end.

(49:41):
So we're making really good progress. In part that's because
the Prime Minister and I have put a lot of
effort into building that relationship. But you know, consequently, because
of what America is doing. Other parts of the world
are keen to do deals and give certainty. So you know,
we said we would get it done before the election
this term of parliament.

Speaker 3 (49:57):
We're going to do it.

Speaker 4 (49:58):
Good stop us to catch up. McLay, who's the Trade Minister.
Speaking of India, by the way, this is a proper
of nothing. Alahbad High Court, oldest and most prestigious in India.
It's got a backlog. There's more than a million cases pending.
Most overburdened court in India. They had one guy who
bought a house in nineteen ninety two and the guy
bought the house from disputed the transaction, so they went

(50:21):
to court nineteen ninety two. They're still waiting for it
to be resolved all these years later. Not enough judges,
poor infrastructure, delays and police investigation, frequent adjournments. Each judge
faces hundreds of cases a day a day, sometimes as
many as a thousand cases a day, and they only
work five hours a day. So if you work that out,
that's less than a minute per case, which of course

(50:43):
means no cases keept seen and before you know it,
there's a backlog of a million cases. Eighteen to two.

Speaker 1 (50:49):
The MI Casting Breakfast Full Show podcast on iHeartRadio powered
by the News Talks at B seven forty five when
the Ultimate VIP race Experience in Melbourne with Visa and
used TALKSB.

Speaker 4 (51:04):
Five hundred dollars cash to the first name who calls through.
We've got Koura pooh Lava, We've got Rene Sandri, and
we've got Gabridiel Figarillo Porter, the most exotic name we've
had so far in the contest. Gabriel Figarillo Porter. Also
Rennie Sandre. Don't feel bad that your name is not,
as you know, flamboyant is at in Koura Pulava. I mean,

(51:26):
your name is your name. It's nothing you do about
your name. First one and it's five hundred dollars. And
of course, if you haven't registered yet Used TALKSB Doco
dot in zedport slash Visa fabulous prize, business class tickets
for two, two Melbourne accommodation for two in Melbourne, two
Premium hospitality Melbourne Race Weekend passes. This is March next year.
Track experience for two. That's something never to be forgotten.
A couple of thousand dollars spinning money. You can't go wrong.

(51:46):
There By the way, let me come back to the
Maori issue. The Dixon treat flat. So I may raise
it with Mark and Ginny after eight o'clock, but the
Maori lawyers as a group of it's the Murray Lawyer Society.
This is in response to Goldsmith who came and I
raised this with Luxon on Monday, and I thought he
made a not unreasonable point, his point being that this
bespoke stuff that's going on in our court system, the

(52:09):
bespoke stuff going on in our court system potentially, he argues,
puts off international investors because they don't understand the legal system.
They go, well, we understand what we thought was the
legal system, but then you've got all these little individual
decisions that have been made, and so he was suggesting.
Goldsmith was suggesting, are the government's going to not be
fearful of legislating over the top of that. Well, the

(52:32):
Mari Law Society came back and said that t kunga
mauri and it's not it's not a bad argument, mind you.
They're bright people, their lawyers. Ta Kanga Mai is not
a bolt on that makes New Zealand law bespoke. It's
aative in a negative sense. It actually strengthens the rule
of law. The government was absolutely prepared to legislate over
the top of the judgments. They say this in an
open letter. Ta Kunga is the first law of New

(52:54):
Zealand and has been recognized for generations in statutes, court
decisions and treated jurisudence. All legal systems are by definition
shaped by their own histories and values. The common law
itself is bespoke to the communities that develop it. That's
not a bad point. I thought implication of the minister's

(53:14):
comments that Teacunger was inherently unpredictable was wrong. Judicial recognition
of Teacunger has been careful, principled, and incremental, anchored in
the same legal standards of reasonableness, good faith, and proportionality
that underpin all judicial reasonings. Now I'm not an expert
on Teacunger, and therefore I don't know that that part

(53:36):
is true, and whether it is principled or careful, or incremental,
or anchored in the same legal standards of fairness, reasonable
as good faith in proportionality. But even if I take
them at their word, overall, it isn't a bad argument.
But the bit about just common law being bespoke, because
common law is developed by the very process of being

(53:56):
in court in that system, in that country. I don't
know that you can argue with them, ken you. I
think Murray Law Society one Goldsmith Nell eleven away from eight.

Speaker 1 (54:10):
The make Hosking breakfast with the land Rover defender and
use togs dead b.

Speaker 4 (54:14):
MI like the idea that tea Hunger is incremental tells
us it's not the fine set of principles and is
open to interpretation. And dare I say manipulation. You make
a reasonable point, But that's the law. The laws open
to interpretation. That's what's senior courts do. They interpret the law.
They make the law. That's how general common law is formed.

(54:35):
So is therefore tea Hunger any difference by the way
those three names are read out, Kura, Rene and Gabrielle.
What are the rules on this? I think we'll give
you to eight o'clock. There's no one's rung. I'm going
to give you to eight o'clock. If you haven't rung by,
then that means that no one enters for the day.
I keep the five hundred and we'll all go out
to lunch, and there'll only be eight people in the draw,

(54:57):
so you've got an even better chance of winning.

Speaker 3 (54:58):
When you say lunch, do you mean dinner? That it'll
be at lateen.

Speaker 4 (55:02):
Thirty three o'clock dinner.

Speaker 3 (55:04):
Sorry, Mike, part so would be going out to dinner.

Speaker 4 (55:06):
Good luck with man eight minutes away from it. Duneda,
next city. Looking to replicate the christ Urch boom Business South.
They've launched a new growth plan aimed at driving the
local economy. They're looking to tourism from three hundred dollars
three hundred million dollars to four hundred and twenty million,
create fifteen thousand high value jobs by twenty thirty four,
boosting startups from two hundred to three hundred and fifty.
And Mike Collins is the CEO of Business South and

(55:28):
is with us on.

Speaker 3 (55:28):
All of this.

Speaker 4 (55:29):
Mike morning, Good morning, How are you very well? Indeed,
when you talk about wrap around support, who's providing the
wrap around part? Who what sort of agencies we're talking about?

Speaker 20 (55:38):
Yeah, well, Business South is actually firing up some rep
aroound support services. So we've developed an accelerated program to
wrap around businesses. So we put the businesses through a
bit of an assessment to find out where the businesses
are at currently. We then wait them against best practice
and identify where the gaps are and we've start to
then match them up to what they might need, which
could be capital investment, it could be around action them

(56:00):
to research, to commercialization, to the University of Tago and
those types of things. So those are kind of wrap
around services we're producing just out of business south at.

Speaker 4 (56:08):
So you've got two things as far as they can
work out. One the bit where I I as a startup,
as a business as or whatever, I need to think
about Dunedin as a place. And the other one is
if I did think about Dunedin as a place, where
do I go? Where do I click? Who do I
ring to go bing? There's your port? You know your port?

Speaker 10 (56:25):
Yeah, yeah, that's exactly it.

Speaker 20 (56:27):
And I don't think people think of dened as the
first portal call for investment. So I think these opportunities
here that we kind of got to give us the
business community and said, actually we're doing some good stuff
in silos of sectors. But if you put it down
on a piece of paper, what does it look like?
So it is about having one place to go to
to kind of channel those ideas. If people want to
invest into the city, what's going on down Here's a
lot of investment in healthcare at the moment. Obviously is

(56:48):
the one point xx billion dollar hospital happening. Another private
hospital's got an ounce the other day. But with all
of that, it's not just about investment in capital. It's
also about investment and talent.

Speaker 15 (56:57):
So we're really keen to get behind a bit of
a stream.

Speaker 5 (57:00):
Need you do how we track the.

Speaker 20 (57:01):
Talent to the city as well as the is the funding?

Speaker 4 (57:03):
See I look at people like Ian Taylor and animated
research and stuff, and his success came about because it
was borderless. In other words, he could do what he
did from anywhere. Is that the sort of thing you're
looking at? Or are you selling Dunedin on a cool factor?
So even if you do need geography, do you still
want to be there?

Speaker 20 (57:20):
Now you hit the nail on the head. I think
people like yeah, Serene and his business just shows what
you can.

Speaker 15 (57:24):
Do from a from a place with.

Speaker 20 (57:26):
A lifestyle attached to it. So it's it's basically saying,
where we're working in a global market, but you've got
the lifestyle to go with it. So there's there's a
real entrepreneurial kind of heart to need and and it
kind of comes through your having the polytech and university here.
So we have a lot of startup businesses that operate
in the international markets. You're quite right, it's about giving
them greater opportunity.

Speaker 4 (57:47):
And cheapness come into it. It's cheaper to do business.

Speaker 20 (57:51):
It is, it is cheaper to do business. I guess
what really comes across strong Indoned is it's we kind
of live in a village, if you like, so everyone
knows everybody, so you can get alongside the mentors of
Serene Taylor and the likes from the startup business through
to medium to grow. So I guess being knowing everybody
reading really real connected makes it easy to do business.

Speaker 4 (58:09):
Yeah, all right, might go well with it. I hope
it works for your business. South CEO Mike Collins out
of Deneedan. This morning still of good news and bad news. Really,
the bad news is Kura Pilarva phoned and so lunches off.

Speaker 3 (58:23):
And that's good because I'm still trying to figure out
whether it was a lunch or dinner or something in between.

Speaker 4 (58:27):
We're back to nine entries presumably but koorra is staked
apparently went off, absolutely went off. Kura plarva went off.

Speaker 5 (58:35):
So you're in.

Speaker 4 (58:36):
If you haven't entered for this experience once in a
lifetime in Melbourne next year, then you can do so.
Add newstalksb dot co dot nz Ford slash Visa and
we'll do it again tomorrow, which is Thursday, and then
we'll do it Friday and all next week and we'll
make the announcement on Friday. I think that's how it rolls,
isn't it. Those were the rules of the game basically.

(58:57):
Now speaking of cars, by the way, an ounce Staver
Night EV side. They had a thing going on in America.
I think it was thirty seven hundred dollars or was
it seventy three hundred dollars, I can't remember which it was,
but there was your subsidy for your EV's. So Ford's
announce Staby Night. They reckon the number of EV's and
they weren't telling many evs anyway, because everyone in America
wants either an escalator and F one fifty, neither of

(59:18):
which are battery. So that goes as of the first
of October, which they expect. Ford expect the sales of
purely vs. To have, so it's half off what they
didn't really have in the first place. So things in
the EV department game particularly well. State side right. Politics Wednesday,
after eight Ginny's back. She's back in the country. We
don't know. She's still in Italy. She's swanning around little

(59:39):
or she back. I think she said she's back. So
we'll talk to her and Mark about the politics of
the day. Politics Wednesday. Shortly, you're on the make Hosking records.

Speaker 1 (59:48):
Tw fast and only twice, Tough on power, sharp on
inside the Mic Hosking Breakfast with Vida, Retirement, Communities, Life
your Way, News talk, said b Nate's and.

Speaker 4 (01:00:01):
Nape and the waters.

Speaker 8 (01:00:08):
The ticker takers.

Speaker 4 (01:00:09):
Count, and then you can afford quite good.

Speaker 1 (01:00:13):
The tiki takers will not.

Speaker 4 (01:00:16):
This is Susie Dianne, who I don't know. But Robert's
at the pub and he meets some guy called Matt.
Matt plays the banjo. So Robert goes, Matt, we could
probably do something together. They He said, do you know
anybody Matt? And Matt goes, do know some people? Actually,
some regional folk. So he gets together with Susie Dean

(01:00:39):
aforementioned Sheese not only a singer but an accordionist. Susie's
got a husband called Ollie. He's a drummer. They know
a guitar is called Tony. Barney plays the cello. Next
thing you know, you've got this collective. This is Robert
Plant's new band, Saving Grace. Yeah, reprieving Alison Krass. We

(01:01:06):
go back that far anyway, forty one minutes and forty
eight seconds and ten tracks. I quite like it is
eight minutes past eight time for Mark Mitchell. There's at
the airport. I think Mark morning, Good morning morning, Mike,
and Ginny who's not quite at the airport but very
shortly will be. Is that correct, Ginny?

Speaker 11 (01:01:27):
That is correct?

Speaker 4 (01:01:28):
Yes, very good. Indeed, are you still in the far
side of the world.

Speaker 11 (01:01:33):
I'm leaving Rome for Dubai in about eight hours?

Speaker 4 (01:01:36):
Very nice.

Speaker 11 (01:01:36):
You're stopping in Dubai, Yes, because my kids heard me
on the radio teasing Mark about going to Wild forty
and they want to go there, Belid. Yeah, so they're
making me. I've got like about ten hours there. We're
going to a water park and then we're getting on
a flight. So that'll be interesting.

Speaker 10 (01:01:56):
Is it good?

Speaker 5 (01:01:57):
Mark.

Speaker 21 (01:01:57):
It will be great kids. Yeahs, the kids will love
it absolutely, world class water park. I'm not I'm not
going any quite as exciting. I'm going to Canberra. I
know Camera gets a bit of a rough rap, but
I actually really like Camera. Who it's quite a nice city.
I got up there with the Commissioner. We got up
there for a police Council meeting.

Speaker 4 (01:02:15):
So you're going to Camber a meeting.

Speaker 5 (01:02:18):
Why don't you like Camera, Well, because I went there.

Speaker 4 (01:02:21):
I went there once and I went straight to the
I'll tell you what I did. Like, I went to
Canberra and I went to the Sports Institute and that
was that was fascinating and so I had a good
look around that and they did some wonderful work. Then
I went on the hill. If you know Canberra, sort
of there's a park and you go to the hill
and you look down on Canberra. That's quite nice. The
actual the actual parliament itself. If you go to the Parliament,

(01:02:44):
the view from the distance is not like on the postcard.
It doesn't look as grandiose.

Speaker 5 (01:02:51):
Right, So you felt ripped off in terms of the
view and.

Speaker 4 (01:02:54):
There exactly, and that's that's sort of all there is
to Canberra, isn't it. Once you've gone on top of
the hill and gone to the Sports Institute and been
disappointed in the Parliament, you can go home, can't you.

Speaker 5 (01:03:05):
Well? The War Memorial is actually a really special place
to go.

Speaker 11 (01:03:08):
Yes, actually that is nice yet good?

Speaker 4 (01:03:10):
Okay. Can I apologize to you, Jinny, because I'm almost
certain that Sam will have before he put your ear
asked for some do buy chocolate and don't buy it
for him, and he don't do duty free orders and
it's just embarrassing and I'm sorry about that.

Speaker 11 (01:03:24):
Can't you get it on New Zealand?

Speaker 4 (01:03:26):
Yeah, he can. He gets it in Tiata too, but
it's I don't.

Speaker 5 (01:03:33):
On the market.

Speaker 4 (01:03:34):
I don't think it's the real thing. Now, Mark, before
you've gone to Canberra, have you voted in your local
body elections?

Speaker 5 (01:03:41):
Yes?

Speaker 4 (01:03:41):
I have, right, so you got your papers and your
sort of that. Does it depress you that in your
particular area we've not even cracked ten percent yet?

Speaker 5 (01:03:50):
Yeah?

Speaker 21 (01:03:50):
I think it's just it reflects of where people are
at the moment. They're just not that engaged in.

Speaker 11 (01:03:55):
Postal voting as well, So it's it's where it's got
to change. I think that people are waiting for things
to arrive in the mail when you don't typically get
stuff in the mail anymore. That's where it falls down.

Speaker 4 (01:04:05):
What would you do, Jenny, you're in part, you're in
government as of tomorrow, would you actually do something about
it or not?

Speaker 11 (01:04:11):
We did a really good inquiry. It was when Nick
Smith was on the Justice Committee, and we really looked
at how it's run, and we looked at online voting
where you could do that. And there's still risks about
online it can be corrupted and that sort of thing,
so you can't quite do that yet. But I think
going in person in voting, they're doing that a bitch
and lo a heart. You can go into the library
with your papers or the local council and vote, but

(01:04:33):
I think you need to encourage people to vote like
they would in a general election, like going and in voting.

Speaker 4 (01:04:38):
Okay, your government hasn't got anything in mind how they
mark apart from sort of overriding the councils at the
local level and doing more from central central government point
of view. I mean, you're not up ending the system.

Speaker 5 (01:04:47):
May No, No, we're not.

Speaker 21 (01:04:49):
I mean obviously Paul's come out and announce some changes
that there's always a review of the electoral system after
every election, and he's announced some changes around that.

Speaker 4 (01:04:59):
Ye, but so what so we're just stuck in the
system we don't like and don't want to participate.

Speaker 11 (01:05:03):
But do you know, though, Mike, they're just not there
into people voting like that. Rather they just still stayed
home and just their mates come out.

Speaker 15 (01:05:09):
And that's what.

Speaker 4 (01:05:10):
Well, that's true. That Unfortunately, it is true, isn't it?
Before I get to the break, can I ask you Mark?

Speaker 5 (01:05:16):
People voting?

Speaker 4 (01:05:18):
Can I ask you Mark? Did you see Cash Patel's
three D printed guns?

Speaker 5 (01:05:25):
Yes?

Speaker 14 (01:05:26):
What?

Speaker 4 (01:05:26):
What what they look like? Were they pistols? Were they
the ones you see in the movies?

Speaker 21 (01:05:30):
No, they were like sort of the plastic They're just
sort of the three D printed from plastic. So Oz
gifted one of those as well, which was which I
had a bit to police.

Speaker 5 (01:05:41):
So but you know, they're just they just look like
a plastic gun.

Speaker 4 (01:05:45):
So just paint the picture for me. So Cash is
in the room and you did the small talk going on,
and he goes, look, Mike, I wrote your little something
any what pulls out a gun?

Speaker 21 (01:06:00):
It was it was it was a gift that it
included that, but also his challenge coin and I understand
that you could that you could put them both on,
so you know, and he I mean, you know, that
visit was really important for us. We've got the permanent
officer and now we're we're much closer with them. This
visit camera is all about how can we help our
Pacific cousins and neighbors too that are sort of dealing

(01:06:21):
with transnational crime and myth.

Speaker 5 (01:06:23):
So you know, And and part of that was the
gift that he gave us.

Speaker 11 (01:06:26):
Yeah, but he's right that there should be changes. I mean,
I think Nicole McKees talked about it, but there probably
should be changes to an arm deck to specifically respond
to the risks that three D printing provides.

Speaker 4 (01:06:39):
I mean, there's no problem there. Just strikes me as
the weirdest gift in the world, doesn't I mean, if
someone pulled out a three D printed gun, what do.

Speaker 6 (01:06:45):
You do with that?

Speaker 11 (01:06:48):
And I'm always amazing, how does it fire without getting
too hot?

Speaker 14 (01:06:51):
Right?

Speaker 21 (01:06:53):
I got gifted when when I left the Defender Squad,
the New Zealand Ed Defenders Squad gave me a plaque
with a you know, it was a fake forlock seventeen
right on it, right, So you do receive things like that.
I I made a real rookie era when I tried
to take it down to Wellington to head my office
and I.

Speaker 5 (01:07:11):
Headed my bag and forgot that it was there and
put it through the security.

Speaker 21 (01:07:16):
So there's a few red lights going off, and yeah,
there's a bit of compit happening that I was at
the Minister of Police ya and thankfully but reallyway, I
did get it safely to Wellington.

Speaker 5 (01:07:24):
But you know that's not unusual, especially a law enforcement
to restack your slot.

Speaker 4 (01:07:27):
Then maybe I'm the old one out. I've never been
given again. All right, more in a moment. It's fourteen
past day.

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

Speaker 4 (01:07:39):
To me seventeen to past eight politics when say, Mark
Mitchell and Jinny Anderson will us Jinny the earthquake announcement.
I don't know how up to speed with all this
stuff you are. But the earthquake announcement yesterday, the changes
to the rules and stuff like that, is there anything
there that you would flip? I mean, it strikes me
as full of common sense.

Speaker 11 (01:07:55):
It does seem like it's a reason my good balance
between ruskin and cost. But you've really got to get
across all of the detail and we haven't had the
opportunity to do that yet. But generally supportive of the
fact that if it's going to save people money and
a cost of living crisis, but you just want to
make sure that it's not compromising safety, fair.

Speaker 4 (01:08:13):
Enough to so on that in the spirit of goodwill.
When Luxeon writes an open letter to Hipkins yesterday about
the oil and gas so Hippkins calls that desperate. What
do you see as can you see a major issue
that you too could coal lesson that would make a
material difference to this country over a longer term period
of time.

Speaker 11 (01:08:33):
Well, if there was a genuine agreement to look at renewables,
because that's the long term plan that will help bring
down the price of electricity. But just posturing like the
latest announcement. I've just been reading that in the break
there's nothing in there. I mean, this is another you know,
Nikola gets grumpy, you like the supermarket saw the banks,
or the Fontier and butter. You have Nicola kind of

(01:08:54):
writing a letter or getting cross at someone, and that's it.
There's nothing else.

Speaker 4 (01:08:59):
Yeah, I got it.

Speaker 11 (01:09:02):
A concrete plane that's going to bring prices down for
highways and hoping they're going to find some guests.

Speaker 15 (01:09:07):
Is not that plan?

Speaker 4 (01:09:08):
Well, I think to be meyor Mark, I mean, I
don't know if you're across this announcement. I assume you are.
You signed it off in cabinet, But I mean what
you're doing is there's a lot of investment going into renewables,
But the announcement itself today, the specifics are hardly game changing,
are they?

Speaker 5 (01:09:22):
Well?

Speaker 21 (01:09:22):
We need both, we need a we need to be
investing in renewables and we need to be investing in
all in gas to secure our energy future in this
country and keep power prices down.

Speaker 5 (01:09:32):
And you know, I felt very sorry for Barbara Edmonds.

Speaker 21 (01:09:36):
I was at the mood of the boardroom breakfast the
other day and one of the questions specifically put to
both Nicola and Barbara is that to Barbara's will you
support the current government's policy around we have to continue
expiration for all in gas?

Speaker 5 (01:09:51):
And she turned around and said no.

Speaker 21 (01:09:52):
You could audibly hear the growing in the room, because
these are the people that are running our big businesses
that require energy that will go out of businesses that
energy is too expensive, and you've got labor still entrenching
themselves are.

Speaker 11 (01:10:05):
Going they're going out of business because of them, because
jobs gone.

Speaker 21 (01:10:11):
Correct, because of the power, because of the policy settings
that you guys had in the previous government. You're dead right,
you had awful policy settings, energy policy settings, and we
are picking up the tab for that now and we're
coming out. We're saying as a country, we need to diversify,
we need to have renewables, but we need to have
all and guess as well.

Speaker 5 (01:10:29):
And you got.

Speaker 11 (01:10:32):
Has been put in twenty years since we found any
new guess Again, if we found some tomorrow, it'll be
ten years before we get it online. So that's not
going to fix the problems we've got now. And we
need a better plan than Nicola writing a shitty letter
at someone and saying stop it, because we've all heard
that one before and it's tired and old, and there

(01:10:53):
is no cre the country.

Speaker 21 (01:10:54):
The country wants, the country wants to bypartisan approach to this,
so there's some certainty. So it allows the companies that
she needs to make a major investment to find that
all in guests to make that investment. And by the way,
if you are so sure there's no all or guess
out there, why do you keep banning the exploration of it?

Speaker 11 (01:11:10):
Well, good luck finding it. I'm hopeful like you. Let's
let's let's up there is somebody will take ten years
before it's online.

Speaker 4 (01:11:16):
Have you found have you found Ginny? Just quickly? Have
you found the euro ruinous? Are you coming back to
the country largely bereft of funds?

Speaker 2 (01:11:26):
It is bleak.

Speaker 11 (01:11:27):
I have to say exchange rate for New Zealanders it's
really tough.

Speaker 4 (01:11:30):
Yeah, yeah, and even you Mark at eighty seven cents Australian.
I mean you're going to be working hard. You're going
out for dinner. You're shouting the lads tonight, a few
beers and a few states.

Speaker 5 (01:11:41):
Probably the beer.

Speaker 21 (01:11:41):
We meeting up with Mark Bosh, who's doing a great
job as the new Commissioner of Victoria.

Speaker 5 (01:11:45):
But of course they've had a very tough time at
losing two.

Speaker 21 (01:11:48):
Of their police officers recently, so I'm sure we'll catch
up and have a view with it.

Speaker 4 (01:11:52):
So hi to Mike for me. I like him, he's
one of my It's nice to see you. Jenny Anderson
fly home. Safely and good luck at the water park.
Jenny Anderson, Mark Mitchell.

Speaker 1 (01:12:00):
It is eight twenty two the Mike Hosking Breakfast with
Bailey's Real Estate News Talks.

Speaker 4 (01:12:06):
There'd be now if you're think about renovating the old kitchen,
now that the Springers hear a perfect time to transform
your home. Will New Zealand's premium kitchen at DIY format
is you do It. DIY kitchens means great savings without
compromising on quality. For almost fifty years of Proud Quy Company,
of course they've been helping homeowners create superior quality kitchens
at incredibly affordable prices. So what's the affordability equation? Well, basically,

(01:12:29):
you do the design, so they've got the easy tools,
let you customize the cabinet size. There's no extra cost
for that. You choose from over thirty five color options.
Once you've locked in that design, that you do It
team will precision manufacture that kitchen right here in the country,
which is good, and then only seven days you heard
it right, seven days everything dispatched your door. So you
don't need to be a DIY pro either. By the way,
because assembly is easy, local DIY experts are only an

(01:12:52):
email away. So when the housing market a bit flat,
strategic improvements are the best investment, of course, So get
the exact kitchen you want, add real value to your home,
save thousands in the process. Whether you do it U
d U, their customers are proud to say I did
it myself past get Mike lived in Canberra in the
early twenties, worked in hospo. There's definitely more to Canberra,

(01:13:14):
the meets of the it a uni town and a government,
so money in students, What could possibly go wrong? Lots
of fun. Just got to live there for a bit,
fair enough. I was only there for an afternoon, really, Mike.
How does the power get cheaper with renewables? The answer
is supply and demand, So the investment is massive. More
and more supply comes on stream. As supply comes on stream,

(01:13:37):
the equation changes. So, in other words, when you're in
the middle of a winter and there is no power
and it hasn't rained, and the wind isn't blowing and
there isn't enough coal, and hydrothermal hasn't or the geothermal
rather hasn't been exploited to its full extent, the cost
per unit, the spot price goes through the roof as
we've seen for the last couple of winters. If you
have a vast suite of supply, then them will never

(01:14:00):
outstrip the supply. Therefore the price will never spike. I mean,
if you're literally asking how will the price go down,
it won't. Nothing. The price of nothing goes down. What
are the security issues, Mike with online voting? We've got
government departments such as passports that are secure, Brad. The
problem with online voting is trust. No one trusts online
these days. Everyone's got a ah, yeah, how do you

(01:14:22):
know that worked? Oh yeah, how do you know that's
really you? All of that And until you overcome that,
which I don't think we're going to, you're not going
to have trust in the process. And if you don't
have trust in the process, no one turns up to participate,
do they, right? The big announcement the reform, to my eye,
it's got a touch of the disappointment about it, the
electricity reform.

Speaker 17 (01:14:41):
It's not.

Speaker 4 (01:14:43):
Charismatic or dynamic or dramatic. But we'll talk to the
minister after the news, which.

Speaker 1 (01:14:48):
Is next opinionated, informed, unapologetic. The Mic Hosking Breakfast with
the land Rover Defender embrace the impossible news togs dead
b I we'll.

Speaker 4 (01:14:59):
Go Australia Marrial's very shortly. But on Power Reform Day,
what have we learned, Well, there's a posived barrier among
these state owned gent tailors apparently when it comes to
access to capital. We're moving to a small degree on
LPG as well. The Electricity Authority gets to boost and
transpower has a more sophisticated monitoring role. Anyway, the Energy
Minister simon what's with us? Good morning, very good morning, Mike.
A couple of specifics I want to cover off reasonably

(01:15:21):
quickly LPG, how much and what's the timeline.

Speaker 15 (01:15:26):
So we're looking at doing a request proposal for an
importation terminal for LNG. We're going to be releasing that
on the sixth of October, so next week, and we're
going to get those back before Christmas for Cabinet.

Speaker 4 (01:15:38):
To make a decision when does LPG arrive in the country.

Speaker 15 (01:15:42):
On the shortest timeline that we've had, we're looking at
winter twenty seven, but we're going to need to get
proposals through from multinational companies. I would expect around what
is possible. It's a complex project and there's a lot
of kiss involved in order to need to be put
in place that is the fastest. If you go for
a more traditional route, then you're looking probably at twenty

(01:16:04):
eight twenty nine, But we need that fuel source.

Speaker 4 (01:16:08):
As far as today's announcements concerned Transpower a more sophisticated
monitoring role, what does that mean.

Speaker 15 (01:16:14):
Well, look, the reality is right now, we do not
regulate for dry year effect. We don't regulate for resilience,
and that is an issue that we faced last year.
So I'm going to be instructing Transpower that they will
need to assume a role of making sure that they
are monitoring both a demand and supply in the market.
And where there's a gap, as we experienced last year,

(01:16:37):
then the EA regulator will need to make sure that
that gap is covered.

Speaker 4 (01:16:41):
Strengthening the Electricity Authority, how we need to.

Speaker 15 (01:16:45):
Put in place much stronger enforcement powers. We're going to
give it the powers consistent with the Commerce Commission. That
includes the ability to find to have criminalized certain behavior.
At the end of the day, we need that regulated
to be more powerful and have stronger teeth. The Commerce
Commission is a good model and the EA needs to
match that. So we'll be putting in changes to effect

(01:17:08):
that pretty much by early part of next year, because
some of them will require legislation.

Speaker 4 (01:17:14):
And is this your sop to all of those who
will be disappointed today that you haven't split the gen tailors.

Speaker 15 (01:17:19):
Well, look, Mike, let's be fair. The splitting of the
gen tailors is a good politics, but it's not good policy.
It doesn't fix the underlying problem. We've already released and
announced the changes by the Atricity Authority around non discrimination,
which means they can't sell to other people at a
higher price than themselves. That's a material change. The major

(01:17:42):
issue we're dealing with here is the fact that their
investment in energy sources thermal etc. To cover a dry
year has not been happening. That's the problem, statement, and
that's why our bundle of solutions and actions that we're taking.
You've got to see this as a package sure to
deal with the shortage of fuel, deal with the fact
that we've got a shortage degeneration, and also deal with

(01:18:03):
the elephant in the room, Mike, which was had sovereign
risk as a result of prior government policy.

Speaker 4 (01:18:08):
Which is to get you on that's the main thrust
of your announcement today, the so called sovereign risk a
perception the government would not provide equity injections. Where are
they getting that from and why didn't you just wring
them and say we're in Well, the reality is what.

Speaker 15 (01:18:21):
We're making very clear in the announcement today is that
if the entities require capital in order to increase generation,
then the Crown is prepared to support capital funding requests
for that purpose. We've been very clear around that to
make sure that that perception is not the reality.

Speaker 4 (01:18:39):
But how do you debtail that with Mike Fuch, who
we had on earlier on in the program today, said
We've never seen so much investment where we're booming an
investment at the moment.

Speaker 15 (01:18:48):
Well, Mike, you know, we've got a pretty significant renewable pipeline.
I don't doubt that. But am I seeing that flow
through in terms of the price of energy. No, And
that is what is hitting hard Kiwi households. And that's
the issue that we need to deal with. And this
package of announcements and actions taken as one, is some
of the most significant bundle of energy market package announcements

(01:19:11):
that we've seen in a long time. It's going to
need to be seen as one package, not as individual parts.
But together we are comfort and confident that it will
make a significant impact.

Speaker 4 (01:19:21):
All right, appreciate your time. We'll wait for the as
simon what's in a gym, Minister, We'll wait for the
reaction from the state owned Gen Taylor's. But from my
reading of this, it's got a so what have we
I mean, it's nothing bad about it. It's not like
we've gone backwards. But there'll be people upset who weren't
going to split the jet, who wanted the gentailer split,
which they were never going to be. So if you're
upset about that, move on, it was never going to happen.

(01:19:43):
The lng thing, yeah, is that it's not as big
as we might have hoped, because it was one of
those ideas floated by Sam and Brown who was Energy
Minister at the time, and I don't think when he
floated it he realized how big and expensive it logistically
challenging it was going to be. I find it hard
to believe that the Gen Taylors were worried about capital
raising given the amount of money that's out there on

(01:20:04):
the market at the moment, and all they had to
do was ring Simon and go, hey listener, if we
went big on this, could we get some backing from
the government. They would have said yes. So I don't know.
It's got a loot warm vibe about it as far
as I can tell. Eighteen to nine The.

Speaker 1 (01:20:17):
Hike Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks at.

Speaker 4 (01:20:22):
Be China are bad news for your American soybean grower.
China this year are purchasing normally, they purchased twelve billion,
fact twelve point six billion dollars worth of soybeans. So
this year they're going to purchase none. And it affects
the people of Minnesota because there are twenty six thousand
soybean farmers in Minnesota and they take their crop each

(01:20:45):
year and seend sixty percent of it overseas in China
as their biggest buyer. And so this year they are
selling exactly none to China. And that's all to do
with the protracted trade disputes. So they're paying the big price.
And so where have China gone for their soybeans? Brazil
and Argentina.

Speaker 1 (01:20:58):
International correspond squid ends in eye insurance. Peace of Mind
for New Zealand business Murray.

Speaker 5 (01:21:04):
Old, how are you?

Speaker 17 (01:21:06):
Yeah, very good morning, Mike. Thanks pretty good. After a
lovely holiday in Japan. Its beautiful.

Speaker 4 (01:21:10):
Well what do you do in Japan? Do you go
on a fast train?

Speaker 17 (01:21:13):
Here went on a number of shen Kensan's, which were fantastic,
looked like I mean, it's just twenty second century technology there.
And then we took a cruise around the northern part
of Japan and across the Korea. Busan. If you've ever
seen Busan, the second biggest city in Korea, it's as though,
I don't know, it's like architects on steroids have gone

(01:21:35):
to work there. It's extraordinary.

Speaker 4 (01:21:36):
It's a lovely place Japan. I got a lot of
time for it. How was the Australian dollar holding up
against the yn.

Speaker 17 (01:21:41):
Yeah pretty well. I mean when you can get a
five hundred mili can of Asahi for two dollars eighty,
I think you'll agree it's pretty good. I mean it
beer achieved than water, which I've always argued it should be.

Speaker 4 (01:21:55):
It should be exactly. And the politician in Australia who
introduces that policy as in government for life, surely.

Speaker 5 (01:22:02):
You got that right now.

Speaker 4 (01:22:03):
Three point six percent Michelle wasn't for moving and we
didn't think she would be. But the question now is
do we think that's.

Speaker 5 (01:22:09):
It for the year.

Speaker 17 (01:22:11):
Yes and no, depends that you talk to. The Reserve
Bank will meet again twice before Christmas, and there are
hopes that things will settle down sufficiently for Michelle Bullock,
who's the Governor of the Reserve Bank of Australia, sufficiently
that she and her colleagues will be able to cut
rates again. I mean hopes were dashed really for all

(01:22:31):
the Aussies battling very big mortgages, they were anxious for
another cut. So maybe a Christmas presence on the cards.
I mean unemployment and inflation, of the two imponderables that
Bullock and company are trying to balance here. As you
well know, they don't want to cut interest rates when
inflation's rising, and it is. It's sticked up here. It's

(01:22:51):
very sticky inflation, which is beyond my limited metal capacity.
But it's the inflation that is not sort of so
volatile they can disregard one or two items. It's hanging
around and that's the pain for mortgage holders over here.
And also unemployment, I mean unemployment is ticking up and

(01:23:13):
the thing is that Michelle Bullock is anxious about the
jobless right. If she starts cutting rates too soon, the
things may you know in place, may go oh, all
of a sudden, bang up it goes again. So she's anxious,
she's not gonna she's not for gambling. Put it that way.
And I think a lot of people expected, as you said,
expected exactly what's happened.

Speaker 4 (01:23:33):
Now the Optus thing, you will have come back to.
So a couple of out and just sing, tell who
are a major player and Optus of course they flew
their bloke in from Singapore yesterday and the minister got involved,
and it would appear, correct me if I'm wrong, Murray,
it would appear because a lot of people, even Elbanezi
when he was in America the other day, goes well,
I'd be very surprised if the CEO is not considering
his position. He seems safe because he's relatively new and

(01:23:54):
he was brought in to turn the company around exactly.

Speaker 17 (01:23:57):
He was number two when the Optus outed happened a
couple of years back, so Steven Rue his name is
twelve months ago. So basically there's no one else left
and he's the guy who has been asked by Sinktel
to run the joint under a chairman who's very experienced
as well. But the problem here is Mike, it's just
this reputational damage. I mean, I've not seen up as

(01:24:20):
a share price since this latest fiasco, which is what
it is. It's it's a tragedy as well. I mean
on this it was a standard upgrade and there were
people involved in Australia and in India and it went tragically,
fatally wrong for three people. Triple zero calls for emergency
help from ambulance, fire or from police weren't getting through

(01:24:41):
in South Australia, WA and in the Northern Territory. Here's
the problem. Though every other call was going through normally.
It was just that emergency course. And okay, the company's
come out and put its hand at heart said, oh listen,
it's a tragedy. We're very sorry. The same bloody thing
happened on Sunday happened last Sunday. Now it's not it's

(01:25:02):
clearly not good enough. Now that the federal government is
demanding new standards whereby if you ever Telco and I
do your one goes out for whatever reason it could
be a big storm. For example, I don't know automatically
the sufficient satellite switching and whoever the hell else they
need to get those emergency calls that would go to
you to come over to my network for the duration

(01:25:23):
of the outage. It's not that hard. That heavens about
optus is just dreadful. Just the horrible optics of the optics.
Boss standing there with his fixed grin on his face.
It's just make the cap is going to be got
to be screaming inside.

Speaker 4 (01:25:38):
You go unpeck. Make good to have you back and
that Judy free you brought me back to Just flick
at forward anytime that suits you.

Speaker 17 (01:25:43):
It'll be very good.

Speaker 4 (01:25:45):
Murray holds out of Australia for us this morning as
something actually on elbow and supermarkets in the moment of
I get time nine to nine, the.

Speaker 1 (01:25:52):
Mic Hosking breakfast with a Vita Retirement Communities news togs
Head be.

Speaker 4 (01:25:57):
Another thing that happened, big ish that happened in Australia.
They remember in the very early days of the Trump administration,
Hig Seth I think, came out and said we're going
to review aucas and everyone freaked out and went, oh
my god, what's that meme While Orcas is in trouble,
that review's been done. I think it was supposed to
be done in ninety days or whatever the case may be.
But anyway, that was done, and they said yesterday quote unquote,
this is Pentagon. Orcus is safe. So they sell at

(01:26:19):
least three Virginia class submarines to Australia from the early
twenty thirties. The US would share nuclear propulsion technology so
the UK and Australia can work together on the new
Orcast Submarine class submarine that arrives in the early twenty forties.
All of that was supposed to be discussed by Elbow
with Starma post the meeting with Elbow and Trump, which
never happened. So that was the problem with Orcus meantime,

(01:26:42):
on the way back from the meeting, basically as around
the world trip that Elbow has been having, he stopped
off yesterday in the Middle East and he looked at
Lulu Hypermarket and he was talking to the Lulu group chairman,
who's a guy called Arli, mister Ali, and he said,
why don't you come and set up in Australia because
they're all ove there. One hundred and seventy five supermarkets
in the UAE, and see it's the same thing Australia.

(01:27:03):
What's their problem with supermarkets in Australia? Excuse me? They
say not enough competition. See it's never enough competition. And
you said, come on over, seat yourself up, Lulu, and
the Lulu man said, while I had a look at that,
and we'll see what happens. Five minutes away from nine.

Speaker 1 (01:27:20):
Trending now with cameras, Warehouse half praise in Fighter would
sale on now?

Speaker 4 (01:27:25):
Actually Elbow said, where's the Dubo chocolate? Were Charles Adam.

Speaker 1 (01:27:30):
Trending now with.

Speaker 5 (01:27:33):
Spring Frenzy sale on now?

Speaker 4 (01:27:35):
Also embarrassing when your production team goes, oh, Ginny, do
you mind buying me some Dubai chocolate? You know, just
bring me back a couple of bars at Dubaio Chocolate.
It's Amazon day to day in New York City Tech
Launch day on Amazon, right, So what have we got.
We've got a new ring. We we've got blink security cameras.
We've got doorbells.

Speaker 3 (01:27:52):
So not a new ring, ring security cameras, a.

Speaker 4 (01:27:56):
New ring and blink security camera. Oh that's a shame.
A new ring.

Speaker 3 (01:28:00):
There's some ring security cameras. There's some blank security can.

Speaker 4 (01:28:03):
Oh, that's boring. What happened to the ring? I want
to ring like an order ring, for goodness?

Speaker 5 (01:28:06):
What about the doorway?

Speaker 3 (01:28:07):
Have one of those? They still sell those, a new one,
just not a.

Speaker 4 (01:28:10):
New one today. What about a fire stick? They've got
a new firestick, streaming stick. Got one of those. They've
got four new Echo smart speakers. Panalsy runs the place
these days. Here he is with the noise.

Speaker 22 (01:28:20):
These are the most powerful echo devices we have ever created.
Custom Silicon Advanced sensors are best microphones in sound noise cancelation,
understanding the user faster than anything we've ever delivered before.

Speaker 4 (01:28:36):
Is that why he's his voice is echoing? Is that
like a joke, like a Panels joke? I echo to
like my speakers. Two new Echo shows, set of thing shows.
They're the ones with screens. There's an updated Echo studio.
We've got an all new Echo Dot Max three times
the bass because it's all about the base, no trouble,

(01:28:58):
packs of punch. The Echo Dot Max is available for
pre order right now two hundred and twenty nine dollars.

Speaker 17 (01:29:06):
Is it good?

Speaker 4 (01:29:07):
Vite pretty good? Vitey me thinking that's okay, and that'll
be in stores from the end of October October twenty nine,
which brings us to the obvious questions of the day.
Can you believe it's October? I mean, what happened? Blink?
You know, like a camera and you'll miss it.

Speaker 3 (01:29:23):
That's what I believe. They call it the Inexorable March
towards Death. I think that's what's happening so well.

Speaker 5 (01:29:29):
They call it is it?

Speaker 4 (01:29:29):
Clink? Thanks for an on mad upbeat note, I'll see
the mark of one six happy days.

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

All Episodes

Episode Transcript

Popular Podcasts

On Purpose with Jay Shetty

Crime Junkie

Cardiac Cowboys

.css-15opob5{left:0;position:absolute;top:0.8rem;} All Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}Full Show Podcast: 01 October 2025

Episode Transcript

Popular Podcasts

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}On Purpose with Jay Shetty

Crime Junkie

Cardiac Cowboys

All Episodes

Full Show Podcast: 01 October 2025

On Purpose with Jay Shetty