Full Show Podcast: 08 October 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
You're trusted home for news, sport, entertainment, opinion and Mike
the Mic asking breakfast with the land Rover Defender embraced
the impossible news togs ed b well.

Speaker 2 (00:12):
You're welcome today cash right? Dat does Christian save us all?
How about the driving instructors that will take cash for
a pass? How third worlds that got potentially good views
from the farm on our red meat sector, got some
new stats on how much we spend a week on food.
You'll be surprised with it are Mark and Jinny Politics Wednesday,
Richard Arnold, State Side, Steve Price in Australia askingle of
the week seven past six. I would have thought the

(00:34):
Insidier numbers yesterday sealed the deal for the Monetary Policy
Committee in today's called the Insidier was the last substantive
look at the economy and what it shows is we've
got real trouble, quite possibly in fact recessionary trouble. The
quarter IEQ three they think was certainly flat of not
in contraction. If it's in contraction, you can add that
to the Q two contraction and that once again is

(00:55):
a recession. How many of these do we want? And
in the Reserve banks case, how many do they want,
given they can actually do something about them. Two particularly poor,
if not concerning parts of the data show one more
jobs being cut, So that's your unemployment rate heading higher,
shattering the idea that we may have reached peak. And
two inflation expectations are heading north of three. The band, remember,
is one to three. Trouble with that is the three

(01:17):
isn't coming from growth, which is traditionally what you want.
The term for no growth, but increasing inflation is of
course stagflation. We could relitigate again how badly the bank
have handled this, How they missed Q two despite that
being their job. How they kept telling us these stimulatory
effects of lower interest rates were here or just about here,
or here any day now, And if in fact they

(01:37):
were here, they got swallowed by the councils and the
power companies and the insurance giants. Anyway, surely fifty points
is are given, Well it isn't. Of course, there remain
those who argue twenty five should do it today, in
another twenty five next month, then we can all head
off to Christmas. Fingers crossed my argument today, It's about
more than stats and numbers. It's about the psychology of
an economy and a country. The government to try but

(02:00):
largely failed to jolly us along, to sell us the
story of recovery. The Reserve Bank have spectacularly failed, but
they can help today with fifty because it says we
got it wrong, we missed it. We need to fathers
joint up and here us our shot and it's a
big one. Go on, Christian be Bold. Second to last time,
don't die wondering.

Speaker 3 (02:22):
Wow.

Speaker 1 (02:24):
News of the world in ninety seconds.

Speaker 2 (02:26):
It is October seventh, it is two years.

Speaker 4 (02:28):
If this is a memorial to the people who were
murdered here all of these are photographs of those people.
They were in attendance dancing that morning when the rocket
barrages first started from Garden in Britain.

Speaker 2 (02:44):
On related matters, the bloke who could leave the Tories
one day, Robert Jenrick was in Birmingham, made some observations
that were recorded and today made.

Speaker 3 (02:51):
Public and the Aaron a half I was filming with
the news there I didn't see another white face and
does not the kind.

Speaker 2 (02:58):
Of country I want to live in. That with the
Handsworth is where it was Boomingham Handsworth and Boomingham likeals.
They not thrill.

Speaker 5 (03:03):
Very disappointing that we are in twenty twenty five and
an MP feels that it's okay to make comments like
that based on what I'd say was a snapshot visit
and doesn't reflect a true picture.

Speaker 2 (03:18):
But oh Bob wasn't for turning. I don't resolve from
those comments.

Speaker 3 (03:21):
I want to live in a country which is well integrated.
I want people to be living side by side. I
never want to see segregated or even getta wised communities.

Speaker 2 (03:31):
Then in Washington and I g Pam's turn on the Hill,
Josh Hawley, who was one of the louder Democratic mouths,
was ready to go.

Speaker 6 (03:37):
I've heard them say that Joe Biden never directed his
attorney general to target his political opponents.

Speaker 7 (03:44):
Hah.

Speaker 6 (03:45):
That's interesting because I could have sworn that. Yesterday we
learned that the FBI tap my phone.

Speaker 2 (03:51):
Then the nacos, the drugs and blowing up boats.

Speaker 8 (03:54):
How did you conclude that these strikes on ships or
boats in the open ocean are legal?

Speaker 9 (04:00):
What I can tell you is Maduro is a narco terrorist.
He is currently under indictment in our country.

Speaker 2 (04:08):
Funding in Germany, situation still unfolding. A newly elected mayor
was found to have been stabbed multiple times. This is
in a home. Her name is Iristorts us susan hospital
with life. Certainly the injuries the chancell of Frederick Mertz
is called what heenus? The FEDS are investigating and that's
news of an as ridden in angry world and ninety
seconds like in the mood, I've got some good news.
Gold breached four thousand. Who would have thought he and

(04:30):
In further good news, the WTO this morning have issued
their latest trade forecast update. It's good good for this
year anyway, two point four that's up sharply from their
previous estimate. This is global trade two point four percent
for the year, but next year it goes south one
point eight is what they're telling us. Eleven past six.

Speaker 1 (04:48):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talk Zippy.

Speaker 2 (04:56):
We'll stop at Michael. I've got more good news. World
Bank has raised China's growth outlook to four point eight percent,
So we'll take that as well, won't we? Fourteen passed
Joe am I Wealth Andrew kellaher good morning to you morning,
Mike so in zid I E are the bank the
Monetary Policy Committe would have looked at that and here
we go. What they have to it's not good it

(05:17):
Is it a mixed bag? Are you calling it a
mixed bag?

Speaker 10 (05:19):
I'm calling it. I'm calling it a little bit of
a mixed bag.

Speaker 7 (05:22):
I mean.

Speaker 8 (05:23):
So, yeah, this is insed I quarterly Survey of Business opinion.
Mixed bag though, Mike, but leaning to the negative POW. So, look,
it's not a high frequency it's a quarterly a survey.
It's certainly a key piece of research. It's given reasonable weight,
particularly by people like the Reserve Bank.

Speaker 7 (05:39):
Yeah.

Speaker 8 (05:39):
Look, I think there's some degree of interpretation around some
of the numbers there, but to me, the key takeaway
is that there's probably not enough sign of improvement in
Q three compared to Q two, So once again we
say things are still tough. So let's just run through
a bit of the detail. Headline business confidence actual numbers
fell from plus twenty two to plus eighteen season adjusted,

(06:00):
though the numbers a week and further are fall of
eleven points, which means that now a net fifteen percent
of firms expect an improvement in general economic conditions over
the coming months on a seasonly just basis while positive,
that's substantial four from plus twenty six in the Gym quarter.
And then you look at domestic trading activity past trading activity,

(06:21):
so think GDP that's minus fourteen. It improved from minus
twenty two, so I net fourteen percent of firms reported
a decline in their activity in the September quarter. It
was at minus twenty two. It is an improvement, Mike,
so cheer that, but it suggests that the economy will
in all likelihood not have improved to the degree which

(06:43):
has been hoped expected. Domestic trading activity so what people
think is going to happen has worsened from plus eighteen
to plus nine. Effectively, my confidence to me looks kind
of stuck. So yeah, looking at the labor market indicators,
I think you talked about this experienced employment that was weak.
It deteriorated eleven points of minus twenty three. And one

(07:05):
of the puzzling numbers in here, though, the ease of
finding skilled labor actually fell. It's kind of counterintuitive because
if the employment market is weak, you think that it
would be easier to find skilled labor. Maybe the fallen
immigration is having an impact there investment decisions.

Speaker 10 (07:20):
It's really tanked. That's not good.

Speaker 8 (07:22):
That means people aren't confident enough to invest in their business.
Inflation indicators you talked about this yet look that they
were mixed.

Speaker 10 (07:29):
I don't think there's.

Speaker 8 (07:30):
Any inflationary tendency here to be worried about. I think
the still spare capacity in the economy, manufacturing the least
optimistic sector. In short, here, Mike, nothing here says that
the RBN said shouldn't deliver the monetary policy stimulus that
they think is necessary. And just a final comment, Mike,
my understanding, most of the responses were received before the

(07:53):
dreadful YouTube GDP print before. So do you think that
gd print will improve confidence? More weakened confidence? So all
in all, we need a circuit breakup.

Speaker 2 (08:04):
Just quickly. The dairy thing this morning, is that material?
I mean it's it's not good, but is it? Is
it a thing?

Speaker 7 (08:10):
Yeah?

Speaker 8 (08:10):
Look the context here, because I think we want dairy
prices to be at the minermum. We want to be stable.
You know, we don't necessarily need further hikes. I'm sure
farmers would like to see that. But prices are relevated.
The GDP price index overnight is falling one point six percent.
So you've now had four auctions of a negative movement
in the GDP price index, so minus point eight last time,

(08:31):
that four point three percent chakra in early September, small
fall in August.

Speaker 10 (08:36):
So the trend might the trend is becoming noticeable.

Speaker 8 (08:40):
And I guess of concern is the two point three
percent fall and whole milk powder I mean, skill miilt
powder down point five.

Speaker 10 (08:45):
Mozzarella had a tumbele actually down to elymp pin eight percent.

Speaker 8 (08:48):
But that whole milk powder average price is peaked in
May at four three hundred and seventy four dollars. The
average price overnight last night three six nine six. That's
a downward trend there, and it's a fifteen and half
percent fall from the peak. Need to do a bit
more work on what's happening at a sort of deeper level.
Who's not bid? Any Where's it coming from? But I
think we're on heightened alert here.

Speaker 2 (09:09):
We have got this on watch right. I put it
all in the pot, stir it round. Give me the number.
What is it?

Speaker 8 (09:14):
It's got to be two and a half. Look, I said,
we need a circuit breaker. That just my whole point
about this. I agree with all of your comments prior
to we talk. If you're going to take it to
two and a half, why not do it now. I
mean it's only six weeks until November. If you get it,
if you have concerns, stop in November. Watch wait and
see you got three months off anyway from these things,

(09:36):
These don't.

Speaker 10 (09:37):
Make a decision until February.

Speaker 8 (09:39):
I think we need it now, and I think your
comments are absolutely right. What we need now is to
lift people's confidence a little bit.

Speaker 10 (09:46):
If you're going to get it to two and a.

Speaker 2 (09:47):
Half, do it now, right numbers please.

Speaker 8 (09:50):
The Dow Jones, the US market's weakening off a little bit. Actually,
that tech trade going back is a little bit. The
Dow Jones is down quarter of a percent one hundred
and fourteen points six thousand, five hundred and seventy eight.
The S and P five hundred down twenty six points
sixty seven one three. That's a point four percent four,
and then that sect is down point six nine percent
as we look at it, one hundred and fifty eight

(10:11):
points twenty two thousand, seven hundred and eighty four small
left in the fotze one hundred nine four points nine
four eight three. The nickup six four seven nine five Oh,
Shangha coms it not moved to still on holiday.

Speaker 10 (10:22):
Three eight eight two. The Aussi's yesterday lost just over
a quarter.

Speaker 8 (10:26):
Of percent twenty five points eight nine five six and
the n SX fifty gain point three to one thirteen thousand,
five hundred and thirty one.

Speaker 10 (10:33):
So that's all good, key.

Speaker 8 (10:34):
We doll it a little bit weaker point five eighth
six against the US point eight eight one three against
the Aussie point four nine seven three euro point four
to three one seven pounds eighty seven pert six Japanese
yen gold.

Speaker 2 (10:48):
As you say, it's.

Speaker 8 (10:49):
Just having a little look, isn't it. It's having a
little look at that four thousand dollar mark. Actually, just
come back a little bit three nine eight oh when
I last check, and Brent crewed sixty five dollars and
seven cents.

Speaker 2 (11:00):
So we'll make catch up tomorrow. Andrew callaher at Shore
and Partners Pasking Trilogy Metals. If you're in early, you'd
be laughing. Today Trump's brought in and will Win I say, Trump,
the American governments brought in their Canadian minerals explorers, that
this is all part of his plan generally to invest
in American business. This specifically is about exploration in Alaska,

(11:20):
and they're chasing all the metals they need for future
proofing themselves, copper, cobolt zinc, lead, all that sort of stuff. Anyway,
he put thirty six million dollars in, which is not
that much money in the grand scheme of things. They
become a ten percent shareholder in the company, and the
share market is all The share price is up some
two hundred percent this morning. It's a Trump trade. Six

(11:41):
twenty one.

Speaker 1 (11:45):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by News.

Speaker 7 (11:50):
Talks at b.

Speaker 2 (11:53):
Nobel Prize Day. Physics is the day. Today. We've got John,
and we've got Michael and or Micheed and we've got
John again. So two Johns and a Michel. Michel's from France. Anyway,
physics experiments that revealed quantum physics in action. They carried
out experiments. This was in the mid eighties, so they
didn't have a clue what was going on at the time.
It was all revolutionary, and yet many years later suddenly

(12:15):
they'd be given the big price with an electronic circuit
built of superconductors and demonstrated that quantum mechanics could also
influence everyday objects under certain conditions, provided opportunities for developing
the next generation of quantum technology, which will include quantum cryptology,
quantum computers, quantum senses clerks at the University of California.
Debe Is French. He's at Yale and also at the

(12:39):
University of California where Martinez is there as well. So
once again splitting one point two million dollars and they've
got a nice gold medal six twenty five.

Speaker 1 (12:50):
Trending now with chemist wars great savings every day.

Speaker 2 (12:55):
To the basketball and Lebron. If you haven't caught up
with us in the sports news this morning, so we
got the yesterday this morning, you'd be making this big announcement.
He called it the second decision. Now, the original decision.
The decision was his televi as free agency interview. This
was back twenty ten when he declared he was leaving
his hometown Cavaliers to go to the Miami Heat. That
was widely panned for how it was handled, and James

(13:18):
has also admitted it was a mistake. So is the
second decision a big deal?

Speaker 7 (13:22):
Well?

Speaker 2 (13:23):
As usual, what happened was that all the fans in
all the media did what fans and media do, which
is make a lot of stuff up by way of speculation,
the main speculation being of course he was about to retire.

Speaker 11 (13:32):
Well, everyone's on pens and needles across the country.

Speaker 7 (13:35):
Are you ready to go?

Speaker 12 (13:35):
Lebron?

Speaker 2 (13:37):
Where's the pattern left it at hole? Lebron?

Speaker 13 (13:41):
Fans want to know where you're taking your talents this year.

Speaker 14 (13:43):
What's your decision in this far?

Speaker 6 (13:47):
Man, this is tough in this far I'm going to
be taking my talents to HENNESSVSLP VSOP.

Speaker 14 (13:56):
And this was the conclusion you walk up with this morning.

Speaker 7 (13:58):
That was a conclusion I woke up with this morning.

Speaker 2 (14:00):
So it's Kgnac. It's an ad who told them to
do that. Whether he listened to anybody these days. Monster Trucks,
if you went and saw it, you clearly loved it.
The Monster Trucks came to this country. I missed it completely.
Boss went took his kids, said it was fantastic. And
I've watched the Monster Trucks a little bit on the
television periodically on a Sunday you'll find the Monster Trucks. Anyway,

(14:23):
they came to the country for the first time broke
records on hundred thousand of US across five shows, Dunedin, Wellington,
Auckland largest family entertainment motorsport having ever held in this country,
they claim. Dunedin there were two shows, Forsyth Bar twenty
five thousand, Wellington at Sky twenty five thousand, one hundred,
Auckland Eden Park forty thousand people. That's a lot of
people who want to want monster trucks, so that's the thing.

(14:45):
So we've still got money. Speaking of which, how much
money we spend on groceries, I was going to say surprised,
could have actually shocked me. It's an interesting number. It
comes from the RABO people. So we'll have a look
at this before eight o'clock this morning. Also the call
on the cash right today, Nick Tupley's calling fifty is
still the debate. There doesn't seem to be any consensus.

(15:05):
Is at fifty or is at twenty five and given
whatever way it's going to be, there's going to be
big debate on that tomorrow. But Nick Dupley for us.

Speaker 11 (15:12):
After seven o'clock, the newsmakers and the personalities, the big
names talk to Mike the Mic asking breakfast with Bailey's
real estate finding the buyers others can't use togsadb Early.

Speaker 2 (15:24):
Of Canada and the yellow chairs this morning. And we're
also starting to run into samir traffic trouble at the
airports in America with the shutdown. Sir Richard Arnold on
that shortly meantime back here twenty three to seven on
the farm. In fact, we've got a new report on
the potential of our dairy and beef sector. Rabobank tells
us the industry is at a quote strategic crossroad. Strong
returns nearly two million underutilized dairy carps though born each year.

(15:45):
So what we need is a coordinated effort across breeding,
reading and value chains so we can add allegedly an
extra one point two billion annually to our economy. Now,
Nathan Guys the chair of the Meat Industry Association, and
it's back with us. Nathan morning, Yeah, morning, Mike. All
does make sense.

Speaker 15 (16:01):
Yeah, it's a novel idea. It's actually been talked about
for some time. I remember sitting in a lecture in
Massive University in the early nineteen nineties and Professor Steve
Morris was doing some work on the potential of young
bull beef coming into the system. What happened then was
the stars never rarely properly aligned, unlike now where we've

(16:21):
got the stars are aligning. We've got record returns. The
rare a is a back in the system, which is
very exciting. The opportunity for this beef to come through
the plants is also exciting because our meat plants do
need decent throughput, and so we've got exciting opportunities ahead.

(16:42):
But I guess also there's a few challenges with this
report as well.

Speaker 2 (16:46):
Who makes this dance work, who's coordinating all of this.

Speaker 15 (16:50):
We're doing some work with Dari and Z and with
the government, and we'll be talking more about a project
that's looking likely to fly very shortly. So there's an
exciting should have there where we have all come together
and realized there's a massive opportunity. I guess returns really
drive it, and we're also cognizant of the fact that
our social license to operate, we need to reduce these

(17:13):
young animals and try and bring them into the system.
But genetics play a very important part. If you look
at what's happening now, you can now go and get
semon that is sexed, so you can put this into
your dairy cows and guaranteed to get a heifer. So
that means that's positive and you can play with beef
genetics and your dairy cows and get an animal that's

(17:35):
going to grow faster. In the New Zealand farming system,
the real focus is to try and get an animal
through before the second winter, because the second winter is
when they're big. They can do quite a bit of
damage to soil and of course the pasture as they're
expensive to grow through the winter as well, So there's
a lot of system change that needs to occur. And

(17:56):
also to get the rears into the system, they need
to have a guaranteed return when an animal is weaned
at one hundred kilos. That's now happening. They also need
to stand up and get sheds, and the milk powder
price is very high. So I guess there's a lot
of things at play to get the system to work.
Both have said at the start the stars are now aligning.

Speaker 2 (18:17):
How does it work between on farm and where you're at?
For example, if I'm getting good returns, how many farmers
actually go? You know what? I'm doing fine at the moment,
I don't need to think too much about this life
is good. Therefore you don't advance, you don't grow.

Speaker 15 (18:30):
Oh well, farmers have innovated for a long time, Mike,
for decades, we've been leading the world in innovation. Seamen
sexing is one. If we look at what's happening in
innovation and meat plants, there's a hell of a lot
of investment going on in that space. Farmers react to signals.
They know that the demand is there and there is

(18:52):
change happening, So I think it's an exciting time. We
also know that our beef when you have a look
at around the world. Is a recent report out from
that FAO that had a look at the global meat indecks,
it's been the highest price in July since they have
been recording records across the globe. That's very exciting for us.

(19:12):
We now the returns for beef are going to be
very positive for the next two or three years. So
I reckon we're in a very much a sweet spot
and there is going to be a change in terms
of these young animals being taken through. So Yep, exciting
times ahead.

Speaker 2 (19:27):
Good only nice to catch up, appreciate it very much.
Good insight. Nathan Guy, a chair of the New Zealand
Meats Industry Association that somewhat off sets this morning seas
from the dairy industry, of course, nineteen minutes away from seven.

Speaker 1 (19:37):
The mic Asking Breakfast Full Show podcast on iHeartRadio cowered
by News Talks at b.

Speaker 2 (19:45):
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Harvey Norman Husky Like there's no way to put the
extra carves as the farmers or the farms that they
would have gone to for finishing have been turned into
pine blocks, lifestyle blocks or residential houses. That's not true.
It's a gross over statement, you know that. But I

(20:48):
take your point generally about planting for pine trees. By
the way, I read about Sam Whitelock's place in Hawk's
Bay which is for sale. Baileys have got that. It's
ins and the Herald yesterday. It sounds like a spectacular farm,
massive farm, beautiful farm. I don't know what's the farm work.
Look it up and tell me what a farm like
that is worth.

Speaker 3 (21:04):
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Speaker 2 (21:11):
To Donald's Good morning. In trouble with the airports at
the moment.

Speaker 7 (21:15):
Yeah, sure is.

Speaker 16 (21:16):
We're now seeing airline delays around this country. On day
seven of the government shut down. The reason is that
numbers of air traffic controllers are staying away from the job.
Controllers are classified as emergency workers, but Transport Secretary Sean
Duffy says.

Speaker 17 (21:31):
The bills have to pay, so now they're thinking about
that at the same time that they're controlling the airspace.

Speaker 16 (21:38):
Yeah, they're not being paid mortgages due car payment. Do
they have to call in second workers temporary uber drivers
to pay the bills? They had to shut down the
control tower at the California in Burbank last night, as
one pilot was informed.

Speaker 15 (21:52):
We're closing down the tower is.

Speaker 14 (21:54):
Because they're shut down for staffing towers POS.

Speaker 16 (21:59):
So you have jets using land at yourself procedures that
apply to small planes at local airstrips. Other airports also
have short staff, including Newark, New Jersey, Chicago, Washington, DC,
and Secretary Duffy says things are likely to get.

Speaker 17 (22:14):
Worse if we have additional set calls. We will reduce
the flow consistent with a rate that's saved for the
American people.

Speaker 4 (22:23):
Well.

Speaker 16 (22:23):
Trump suggested he is open to negotiations with the Dems,
but then while meeting with Marcarney, the Canadian PM, the
White House, he seemed to back away from that. Meantime,
in perhaps say surprise move, one of the most vocal
Republican right wingers, Marjorie Taylor Green, has broken with her
own party on the court shutdown issue of where the
covid era healthcare subsidies should continue. Green has posted that

(22:46):
she is going against quote everyone on this issue because
her own kids has got their health insurance renewals and
their premiums next year are going to double. She says
she is absolutely disgusted that health insurance rates are going
to double for a huge number of Americans, including her
own children.

Speaker 2 (23:03):
How did Pam go, Well, It's been.

Speaker 16 (23:07):
An interesting hearing, combative at times, all kinds of questions,
says Pam. Bondi is on the hot seat. Lots of
issues being raised, as I say, including the move by
the White House artists and in hundreds of federalized National
Guards for Chicago. Some of the troops are coming in
from Texas, and JB. Pritzker, the governor, calls it an invasion.
He says he views this as part of a plan

(23:27):
to put more and more troops onto the streets here routinely,
and maybe he thinks during the next elections coming up.

Speaker 5 (23:35):
It's a signal that they're trying to send that it's
okay to have troops on your street.

Speaker 16 (23:40):
Well, Bondy was pressed on this by Democratic Senator Dick Durbin.

Speaker 9 (23:43):
He voted to shut down the government, and you're sitting here.
Our law enforcement officers aren't being paid. They're out there
working to protect you. I wish you loved Chicago as
much as you hate President Trump.

Speaker 16 (23:54):
Bondi also sparred with the Dems over the Jeffrey Epstein
client list and refused to say who asked for a
review of how many times Donald Trump's name comes up.
Trump himself was asked about the US Supreme Court rejecting
an appeal by convicted sex trafficker Geolaine Maxwell for participating
along with Epstein and his sexual assaults on schoolgirls and

(24:14):
so on. Trump revealed he is considering pardoning Maxwell. So
he was asked.

Speaker 7 (24:21):
Again, Yeah, I mean, I'm going to have to take
a look at it. And I have to ask.

Speaker 16 (24:25):
DOJ why do that all? Why does he have to
take a look at it. She's already convicted and serving
jail time. While there has been the wildestir about a
statue put up right outside the White House showing Trump
and Epstein holding hands, it's done by anonymous artists and
shows the two longtime friends sort of gazing at each
other as they kick up the heels with apparent joy.
The sculpture was approved by the officials the National Mall.

(24:47):
Then it was forcibly taken down by some folks who
tore their hands apart damaged the thing, but the artists
fixed it up put it back up, whereupon they were
met by a show or forced by masked men who
ordered them to take it down. Then the I just
repeated it again and installed it yet again. Take three
with a plaque that reads in honor of Friendship Month.

Speaker 2 (25:06):
Good stuff, Whichard Donald stateside by the way, in California
knew some has signed off a think called SB fifty three.
The only reason I raise this with you is it's
about AI, and everyone's grappling with AI and laws and
rules and expectations around It fills a gap less by
the US Congress, which is so far not past anything,
and it's sort of I've become increasingly interested in AI,
not because everybody else's but because it's going to burst.

(25:30):
It'll be a bubble. It's a fantastic tech bubble, which
is partially why Gold's at four thousand and at some
point all this is going to go tits up in
a spectacular fashion because everything is, as they say in
the market world, price to perfection at the moment, and
it simply can't continue. And if you listen to people
like Bezos, he even he sees it as a bubble.

(25:50):
I mean, AI is going to do some amazing things,
is doing some amazing things, but the amount of money
being put into it versus the return that isn't coming.
At some point people are going to wake up and
you go, you know what, I got a lot of
money in this and it's not turning out to be
what I thought, at which point they'll pull out, at
which point the whole thing's going to go. Remember where
you heard it first ten to seven.

Speaker 1 (26:10):
The Mike Costing Breakfast with the land Rover Defender and
use togsad be.

Speaker 2 (26:14):
My rhetorical question, what happens to the economy of the
return on primary products drops off? Very good questions not
it doesn't need to be rhetorical, it's a very good question.
That's why it's so important to trigger the economy out
point five to get the benefits from well, I mean,
even if they go five today fifty today. It certainly
doesn't counteract what may or may not happen in terms
of dairy and the farming. A farming wasn't working for us,

(26:35):
we'd be in desperate trouble. Be Inzead have joined everybody else.
They've all lined up ahead of today six months ten
points down to four eight nine for your mortgage eighteen
months at four four nine and two years at four
six five, three year at four eight five Kiwey Bank.

Speaker 7 (26:50):
What are they?

Speaker 2 (26:51):
They're all the same, essentially, They're all the same at
the end of the day, almost as though they get
together in a small room. By the way, I'm not
saying that. Don't sue me.

Speaker 13 (27:01):
Was it like humor? Are a joke?

Speaker 2 (27:03):
Adrian All set up?

Speaker 14 (27:04):
This is this?

Speaker 2 (27:05):
Finally, I don't know why this isn't the biggest story
this morning. How much media time has been spent in
the last whatever two three four months speculating on where
Adrian or is, what he's going to do. He's actually
done something. He started a company. He's got his own business.
Where's that in the news this morning? For goodness sake,
he started Adrian All Limited. So at least you know
what you're dealing with I mean, it could have been cleverer,
couldn't it. But Adrian all Limited its new management consultancy

(27:26):
business and he's doing tarot cards. I might have made
that last part up. Don't turn me, but.

Speaker 13 (27:33):
I know I don't know when to take what you say.

Speaker 2 (27:35):
The whole point of this when you just never know
where you're at, you just keep us wondering. Five minutes
away from seven.

Speaker 1 (27:42):
And the outs. It's the bizs with business Faber, take
your business productivity to the next level.

Speaker 2 (27:48):
Is that true, Mike? You're one hundred percent correct regarding AI.
It's a bubble that's already four times larger than the
dot com bubble? Is that true? Check that out, Get
the research team on that. Is it four times larger
than the doering the bubble? Now the investors are back
in the property market. This is the other good news
this morning. Cotality. This is the coertality. Buy classification data
shows mom and Dad investors are leading the way when
it comes to multiple property owners or MPOs. MPO's share

(28:12):
of purchases an increased from twenty two to twenty three
and a half percent goes even higher and some set
as Hamilton, you're into it with alacrity twenty nine percent
christ dut To North from twenty six. First time buy
is still dominating the market in the capital though. Don't
but if you buy your first home, be aware you
can't water your garden. Don't buy a home with a
garden because you're going to die because you're on water
restrictions already level one. So just buy one with some

(28:35):
paving or no land at all, like a townhouse tower
on a Dunedin Hire Investor numbers, which is good. We're
also paying less for a property than a year ago.
The MPOs have spent an average of seven to fifty
nine as one thousand, which is down from seventy to
seven to seventy. First home buyers have paid an average
of seven hundred, which is up a little bit. So
there's clearly a plenty of people still saving and scraping
together ten to twenty percent deposit into the marketplace. You

(28:58):
can still do it. There's a company I read you yesterday.
I'll get to it later on in the program Urban Advisory.
I looked them up. They seem very touchy feeling. I
mean they for all I know they're fantastically likable people,
but they came up with this random survey from renters
saying that three quarters of renters are dissatisfied with the
housing choices available to them and they want more housing options.

(29:21):
And some of the housing options they came up with
were mobility co housing. So anyway, I'll get you the
numbers on that. Where was I those who are relocating
towns or just want change, they're paying it an average
of eight hundred and eighty thousand dollars. So I think
in totality, that shows there's a little bit of life
in the old housing market at the moment. In spring

(29:42):
is here, I'm seeing some more for sale signs. Wait
till September October numbers sort of come through on sales.
I think you're going to find that the sales numbers
are up, which is encouraging, Which brings us to Christian
penultimate outing fifty or twenty five. What do we think?
Where do we go? What's the impact? We're going to
have a look at this in the next half hour
of the program. Here this Wednesday morning, on the Mic
Hosking Breakfast, US.

Speaker 18 (30:03):
Talks the.

Speaker 1 (30:06):
Credible, compelling, the breakfast show you Can't best. It's the
Mic Hosking Breakfast with Vita, retirement, communities, life your Way News.

Speaker 2 (30:15):
Togs Head be seven past seven. So we always love
an ocr day, don't we. But day seems to have
a little extra hanging on at no real consensus over
twenty five or fifty. Nick Toughly's asb's chief economist and
is with us, Nick morning, Good morning, you're fifty. How
solid are you on your fifty?

Speaker 19 (30:30):
Well, I'd like to go to do a pun and
say you about fifty fifty on the fifty, probably about sixty,
probably about sixty forty. Look, you can you can do
a pretty good case either way. But we think it's
just time to give it a firm and nudge than
what the Reserve Bank has recently.

Speaker 2 (30:46):
Do you have any will put any weight on the
stick of shock argument, and that is that the Reserve
banker are going to panic a little bit and look
at all the things that have happened since they lasted nothing,
and go, geez, we better do something.

Speaker 19 (30:56):
I don't think it's so much panic, but it's just
a shift or what we expect sees. It's a recognition
that the recovery does have some legs to get going,
but it's just taking longer to keep going. And I
think the really key thing from their point of view
is that there's looking like there's a lot more spere
capacity hanging around, and you just need the economy to
grow that much faster to absorb that. Otherwise you've gotten

(31:17):
an issue with inflation being a little bit weaker than
what you expected.

Speaker 2 (31:20):
How much of today is about the basics and the
facts versus the psychology of it all and getting us
out of a funk.

Speaker 19 (31:29):
Look, usually for the Reserve Bank, it is about the
numbers looking and going, Okay, the recovery has been slower.
It will rebound, but it's not going to be coming
quick enough to absorb the speed capacity quicker, and they'll
be eyeing up Okay, we's inflation likely to be sitting.
There's a little bit of psychology in the sense that, look,
the Reserve Bank was expecting to get the cash right
down to two and a half percent by year end,

(31:52):
So it's more a case of okay, if we cut
it a bit quicker, you know, what's the room for
regret around there? And we just think it's relatively small.
If you do actually get people excited and going out
there and spending money and borrowing and getting the economy going.
You know, that's not really too much of a downside.

Speaker 2 (32:09):
What do you think the chances of a fifty and
a twenty five are we?

Speaker 19 (32:12):
Do you think that's reason? I mean, that's our base
base case. We do think fifty today would just help
jolp things along a bit. We think that there's a
need for the cash rate to go a little bit
lower than two and a half. But we're getting there
near the endpoint, so we do our base cases, we'll
get down to two twenty five and hopefully by the
end of this year.

Speaker 2 (32:30):
Do you expect to split vote on the Monetary Committee?

Speaker 19 (32:33):
Look, I think it's going to be pretty close. I
think last time I was respeculating, we've probably had two
external people voting for a fifty, one external voting for
twenty five and the reserve banks star voting for twenty five. Look,
I think the key thing is at six versus six,
three versus three, or we've got six people. What Christian
hawks for the governor decides is going to be quite

(32:56):
critical because his vote counts twice. If they've got a
split three a three decision, what does it tell.

Speaker 2 (33:02):
Us about our economy generally that we're hanging on a
cash rate, and that means mortgages, and mortgages means money.
And oh god, if we could only leverage our house
just a wee bit more, the economy might start growing.
I mean, if you look at that in a big picture,
it's not that good, is it. I mean, we should
be doing other stuff than relying on today.

Speaker 19 (33:21):
Yeah, look, there are certainly more than today. I think
the fact that people are hanging out for lower interest
rates just tells you about how high and how painful
they have felt for many people. But look, when you
step along beyond interest rates, lo, what we are looking
for is people to have a bit more spear cash
to go and spend on the things that they normally
want that they've been scrimping on. Importantly, we want businesses
to start investing and looking to the future and making

(33:43):
those decisions. But also, let's not forget we do have
an agricultural sector where there's a lot of cash piling
in and they just also need to get to that
point where they've got their own financial ship into order
and then they'll start going out and spending on fun.

Speaker 2 (33:55):
While I've got you the FPC, the Financial Policy Committee,
which they announced as they've been announced yesterday. It's a
thing they're setting up. Is that going to make any
material difference to my life?

Speaker 19 (34:06):
Look, I think a lot of that financial stability stuff,
it's a bit like having an insurance policy. You sort
of you don't really read the fine print, just pay
the premium and kind of ignore it, but you actually
don't ever want it to be bumping up and having
a big impact on your life. Is that usually means
something's gone wrong, So that hopefully the job of that
committee is going to be just to make sure that
in the background, the New Zealand financial system remains stable.

Speaker 2 (34:30):
All right, Good to talk to you, by the way,
while I've also got you. Do you reckon AI as
a bubble.

Speaker 19 (34:35):
Look, I think it's one where there's a lot of excitement.
But the thing with technology is often there's a lot
of hype initially that fails to deliver, but over the
long term you get some pretty profound impacts. So I
think we'll see a lot of progress coming over time.

Speaker 2 (34:50):
Always enjoy your company, Appreciate it. Nick Tuffley asb Chief Economist,
Speaking of which, twelve macro Strategy Partnership Independent research firm
AI is not just a bubble. It's seventeen times the
size of dot Com, four times bigger than the two
thousand and eight global real estate bubble. Torsten Slock, who's
the chief economist at Apollo Global Management, tech stock prices

(35:13):
are more overinflated than the dot com bubble. Business professor
Eric Gordon. More people will lose money in the AI
craze than the dot com bubble other side, because we're balanced.
Venu Krishna, who's the US equity strategy at Barclays. He
goes the dot com bubble slash comparison to AI is
over blurt. Thirteen past.

Speaker 1 (35:40):
The Like Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at b.

Speaker 2 (35:46):
I've got this one. I think it seems to be
good numbers around kids going to school. It long last.
This is from the Eer this morning. It's coming shortly
fifteen past seven. Our driver training trouble though. Over three
hundred and twenty two of us have to reset the
license after officers a agdly accepted cash bribes to pass
practical tast five instructors is from Highbrook, High Brooks in Auckland.
They've been sacked. The police are on with Mark Rebel

(36:07):
Johnson's the president of the New Zealand Institute of Driver
Educators and as well as Mark Morling. Well, oh, what's
happened to here? Do you reckon?

Speaker 20 (36:17):
Difficult to say? Okay, just the one important distinction to
draw here. You're talking about instructors. The people involved are
actually testing officers, so not not necessarily driving instructors, but
people who conduct driving tests.

Speaker 2 (36:28):
Right, what's the difference. What's the difference is who take money?

Speaker 20 (36:34):
The differences the instructor instructs the test of tests, and
it's it's people doing driving tests to get a license
that were involved with it.

Speaker 2 (36:43):
Okay, is this do you think of one off? Is
this just you know, Mike going hey, listen, I've did
this and then Bob does it as well and suddenly
you got five people in the same office doing it.
Or is this this potentially endemic?

Speaker 20 (36:57):
It's difficult to say, of course, but we don't know
an awful lot about it. However, when you consider the
number of driving tests that's happened on the well into
the thousands weekly, three hundred and twenty two over a
couple of year period is actually quite a.

Speaker 2 (37:14):
Small number, and it doesn't make it right Mark.

Speaker 20 (37:19):
No, No, absolutely not no, I quite agree, And you know,
we need to have faith in the system and it
needs to be consistent and above board.

Speaker 2 (37:28):
Reminds me of the time I went to Rara Tonga
and you slipped the policeman the money you ever done
that and got your bike license to ride around the island?

Speaker 20 (37:38):
About the bike license when I went there?

Speaker 2 (37:39):
So, so who who's on top of this, who's in
charge of this and stamps this out? This all strikes
me as being unbelievably third world.

Speaker 20 (37:51):
It certainly, it certainly has that impression, doesn't it. Let's
look at what who does what? The Transport Agency of
the Regulator VTNS have the contract to deliver practical driving tests,
so they're a contractor to the Transport Agency VTNZ. In
this case, I've responded to complaints, They've done an internal investigation,

(38:16):
I believe, and they have passed their concerns onto the
transport agency. They've taken enforcement action. VTNS have taken employment
action and now they not has been referred to the police.
So in that respect, I think the system seems to
be working.

Speaker 2 (38:33):
In other wort, they got caught, so that's the encouraging part.
I suppose it's also interesting of the three hundred and
twenty two. If I was one of the three hundred
and twenty two, can you make me do it? Because
I mean, just because I paid the blankes of money
doesn't mean I wasn't any good and it didn't pass well.

Speaker 20 (38:49):
I was correct, But we can't have any faith in
the result, can we. So we don't know if that
was a properly conducted test according to the conditions and
the rules, or if it was so I received even
if the drive happened properly at all. So the only
way to be sure of that is to revoke the
license and read it.

Speaker 2 (39:08):
Do it again, all right, make appreciate the insight, Mark Rebel, Johnson,
chs yevvand Raratana. I mean, I don't know if it's
the same now, but you get a scoot around the
island and you've got to pass a test, and you
go to the officer in a couple of bucks, and
we're all good to go. Apparently, Mike, I need one
of the stings, please, Glenn, I asked you for one.

(39:29):
Where is its? Get it out of the bag, Mike.
Is there any reason it has to be fifty or
twenty five? As in points can they know? Robin, very
good question. You remember Australia was that this year a
last can't remember, but they went thirty five. So there's nothing.
I think there'll be some rule around. You can't go
like twenty two because otherwise mathematically it becomes a problem. Mike.

(39:50):
If only a third of houses in New Zealand have
a mortgage, well there's your first mistake. That's not true,
but thanks for the text. Anyway, sixty eight percent of
houses have a mortgage in this country. Why are we
concentrating on those with the mortgage? Lowering the interest rates
will reduce spending power for investors, yes it will, but
the important point is and it goes. And this is
why your points good goes to the parlor state of
the New Zealand economy. Because first of all, there are

(40:13):
more investors than there are borrowers, so that's a fact.
But the people or the amount that's borrowed is vastly
greater than the amount that's invested. So in other words,
you might have an investment of seventy five thousand dollars,
but your average Morgan is five hundred thousand. So the
money out there on loan is far greater than the
money on investment, and therefore you can leverage, and you

(40:34):
might not get much return on your investment, but you
can always always leverage. That's fundamentally everything's wrong with the
New Zealand economy. People only think they're wealthy when they
can borrow more.

Speaker 1 (40:44):
Seven the Mic Asking Breakfast Full Show podcast on iHeartRadio
powered by News Talks Evy.

Speaker 2 (40:55):
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They got the great savings every day asking twenty three.
Here is a small example of how frustrating it must
be to be the prime minister. They announced jobs he
could changes for young people. Right, it should have been applauded.
Monday after the Cabinet, the Prime Minister's in front of
the media reltigating yet again the perils of a life

(41:58):
on welfare, of an expectation of welfare, of going nowhere
fast or good on welfare, instead of taking that for
what it is. Some adults setting expectations, the media, namely
Radio New Zealand, get all myopic about it and requote
them about getting off the couch and playing PlayStation and
saying that there are employers out there quote unquote screaming
for workers. They go and look to literally prove him

(42:21):
wrong by using data that chosen almost all parts of
the country. There were more people unemployed than there were
jobs available. Now they're either thick or Macavelian, or possibly both.
Is it tight economically in the country at the moment?
Will of course it is, But the data and the
reality on the ground are not the same thing. If

(42:42):
you followed the data logic until there are one hundred
jobs available and one hundred jobless, you can't get your
problem sorted, which, of course is idiocy. Surely we've learned
the lesson during COVID people are screaming, I mean literally
screaming for workers given the borders were closed, and yet
did every jobless person have a job?

Speaker 17 (42:59):
No?

Speaker 2 (42:59):
They did not. Why not? Because a gap and a
person are not automatically aligned, whether by skills or location,
or expectation or determination. Are good people hard to find?
Yes they are. It has been a catch cry of
the so called post COVID years has been is to
this day. Quality is not a number. Energy and desire
are not stats. And that is the mistake that the

(43:20):
boneheads at Radio New Zealand keep making. If you want work,
there is work to be hat. That's why some people
get laid off and go to a new job, and
some people go nowhere. You might have to move town
for goodness sake. You might have to work weird hours,
you might have to get new skills, or you might
have to get off the couch. The message the Prime
Minister was trying to get across was not about maths
and data in a myopic, negative view of the world.

(43:43):
It was about burning your life on welfare versus making
a go of it, and to see that you might
just need to kick up the bum from the welfare
system that's become far too soft. Hosking developing. Now, Hamas,
I told you this was going nowhere. I don't know
why Trump keeps getting sucked into the stuff I wish
I hope I'm wrong. But straight off the back of
the debarcle of Alaska, which has gone literally nowhere, and

(44:07):
Trump got completely stiffed by putin this idea that you
can stand in the White House week or so back
and just demand how it's going to go and expect
that to happen is just idiocy personified. Anyway, Hamas have
come back. They've got demands of their own. What a surprise.
They've not changed their demands since they accepted the initial element.
Some of the elements they said, yes, we can release them,

(44:28):
no problem at all. But they want a permanent and
comprehensive ceasefire. I think we'll probably all agree on that
and complete withdrawal of Israeli forces from Garsen. Now that's
not happening. Israel's not agreed to that. So there's your
first problem. And the critical part, once again wasn't mentioned initially,
isn't mentioned now, the disarmament. The deal is, you've got
to lay down your weapons essentially the same to a

(44:49):
mass you know, all the stuff that you do basically
for a living, which is go around terrorizing people and
killing people. All that stuff that stops, and so hand
over your weapons and stop being that, and we'll have
a deal. And guess what they're not going to do it.
I feel like getting on a flotilla and heading over
there and making a difference and taking some sandwiches with me.

(45:12):
The school situation seems to be improving, according to the
ro of which we will talk too shortly, and then
the probably for me anyway, the most fun? Is it fun?
Or is it depressing? Don't they the amount of money
we spend on food per week? They've got new numbers
on this, and I think, like me, you'll be surprised anyway.
That's to come after the news, which is next.

Speaker 1 (45:34):
No fluff, just facts and fierce debate. The Mic Hosking
Breakfast with the land Rover Defender embraced the impossible news,
Togs Dead b.

Speaker 2 (45:43):
Ntilkenny Anderson Politics Wednesday after DAT twenty three minutes away
from it. We've got some good news I think, can
you report from er? The Education Review Office shows that
we're back at school fifty eight percent and are regularly attending.
That's back to pre COVID, up from forty percent three
years ago. Ruth Genoda the hit of the ero's Education
Evaluation Center and is beg with us. Ruth, morning to you.

Speaker 19 (46:05):
Good morning.

Speaker 4 (46:06):
Rate.

Speaker 2 (46:06):
Slightly weird old world, isn't it When we're celebrating fifty
eight percent being an improvement. Is still a faelly Powers number,
isn't it.

Speaker 21 (46:13):
Oh, we've definitely got further to go. So we're really
pleased to see six and ten kids going to school
regularly compared to four and ten three years ago. But
you're right back in twenty fifteen we had seven in
ten kids going regularly and the government's target is by
twenty thirty to get eight and ten kids there. So
it's really good news progress, but we've got further to go.

Speaker 2 (46:30):
Just remind us what regularly is as where.

Speaker 21 (46:33):
You're doing nine days out of a fortnight nine or more?

Speaker 2 (46:36):
Okay, is it distinct to schools or geography or what.

Speaker 21 (46:41):
So we are seeing an overall improvement across schools across
the country, and you know what's really encouraging is that
students are taking going to school more seriously. So eight
and ten students now say school is important to their future,
three quarters think going every day is important, and twice
as many are now saying they never want to miss school.

Speaker 19 (46:57):
That's good news.

Speaker 2 (46:58):
Do you think any of us, especially given what the
government's been talking about in the last couple of days,
jobs seek for people leaving with no qualifications, things like that.
That's sinking into some degree and people have worked out
you might need a qualification.

Speaker 21 (47:11):
Definitely. Good schools we saw across the country are doing
things like explaining to students not just why they have
to come, but the implications that has how actually attendance
predicts their lifetime earnings. But the other thing they're doing
that really works is connecting students to schools. We found
that students simply belong at school. They're five times more

(47:31):
likely to think going every day is important. Schools are
doing a great job.

Speaker 2 (47:35):
Good while I've got you this OECD report that I
know is about the place, and this tell US, which
is the Teaching and Learning International Survey. We seem to
be producing teachers that don't feel confident in the classroom.
Why is that?

Speaker 7 (47:49):
So?

Speaker 21 (47:49):
Last year we did review and itill teach education, and
we did express concern because we had two thirds of
principles saying that new teachers are unprepared and a quarter
of new teachers saying that their training wasn't effect So
we did recommend strengthening teacher education and reducing the variation.
And it particularly we found that more time practicing in
the classroom was really important to be prepared to teach.

Speaker 19 (48:10):
In the classroom.

Speaker 2 (48:11):
Yeah, what I can't work out is why that wasn't
worked out previously. Why wouldn't being in the classroom be
one of the most important things you can do, as
opposed to sitting around and theorizing until you actually get
to do the job proper.

Speaker 21 (48:22):
So teachers have always done sometime in the classroom, but
the increasing evidence shows them more the better and it's
really important to work closely with those principles who really
know what kind of new teachers they need, So having
them a strong sen is really important too.

Speaker 2 (48:34):
Do you think what they're doing in the classroom by
way of training now is fix that problem.

Speaker 21 (48:39):
We definitely know that in the classroom makes it a
big difference, but we've got further to go to strengthen it.
What's really important is that our new teachers are prepared
that they don't arise feeling it's hard to do what's
such a critical and important job.

Speaker 2 (48:51):
And the fifty four percent who aren't confident in you
basically how to teach all the subjects that they teach,
is that what is being taught to them as they
an issue or not.

Speaker 21 (49:02):
We've got to look again at how we make sure
that new teachers are confident it's such an important job.
We found that new teachers are motivated, passionate about kids,
passionate about getting that outcome. So let's make sure we've
got the skills for them so they can get the
job done.

Speaker 2 (49:15):
All right, Appreciate your time. Ris Shanida, who's at the ERA.
Just the OECD report, sixty two percent of graduate teachers
not confident in teaching content seems extraordinary fifty four percent.
We're not confident in how they teach in all the
subjects they teach. So I wonder if there's something in
there and the quality of people they're picking up in

(49:36):
the first place. Nineteen minutes away from eights like unbelievable
that this driver license wrought continued longer than a week.
If it was your son or daughter asking me for
cash to pass, wouldn't they tell someone, Well, it depends
how much they're askble. I mean, if it was a bargain,
or whether you felt like you're getting ripped off. I mean,
if the guys did, look, give me two hundred and
you've got to pass as opposed to like twenty five

(49:56):
twenty five keeping on the dealer rip off when you
I'm joking, One New Zealand. What else could they do
with carcier O'Connor. Didn't she turn out to be a
piece of work? So unless she's employed, I guess, because
most most people are going all right for a loving
I bet you nana them I got a job, Well
she has. She's an actor. If that's a job, I'm kidding,

(50:19):
One New Zealand. So they had what else could they
do yesterday? So she turns out to be in the
ad and they pulled it and it doesn't align with
their values and all that sort of stuff. So not
that that makes any difference, because the problem is, of course,
you get paid when you film the ad. You get
paid for the ad, unless she's done a deal on
the back end, which I doubt she has. So once
you've done the ad, you get paid for the ad.
The fact you no longer in the ad sort of
doesn't really matter anymore, does it. I wouldn't have thought,

(50:41):
but what are shambles this has turned out to be?
I got so depressed yesterday. I gotta be honest about
this by the time I'd seen a carsier and then
I saw Chloe yet again. Why is Chloe being blamed
more than Marrima? Why is marrim Is there the whole time?
But she was standing next to Chloe at the presser, well,
so it was Marrima. Marrima was there as well. There
are donkey deep in this as each other. I just

(51:04):
long for the good old days? Does that make me
sound old? I mean? And speaking of old, I watched
Winston turn up and this I don't want to turn
this into an age thing. But the guy's eighty, and
it's not acceptable to attack anybody's house, far less a
public figure's house, but far less a public figure who's eighty.
And he's got his partner at home, and she's got
a friend at home as well, and the poor old dog.

(51:25):
And you just got these pricks who are going around
causing any amount of damage. And then Chloe to her,
I just I don't. She's still defending it. She's still
defending it instead of just maya culpering and going, look,
this is a cluster, and I'm sorry. We shouldn't be
involved in this. We are better than this. We want

(51:47):
to be about the environment. All we are about these
days is war, Palestine, Gaza flotilla's and all the other crap.
And David Seymour is watching him on the tiles. Yesterday
he puts out a very good thing. The Act Party
put out a very good thing whereby they play their
whole interaction with the press, and David seam Will summed
it up perfectly when he said New Zealand is just
sick and tired of these people, and we are we

(52:10):
are sick and tired of you be better and the
problem with it is is we can't do anything about
it because there are representatives and there are some people
who actually voted for them, and hence the malaise and
the country and hence my depression and hence me sitting
here now. It's seventeen minutes away from eight, flailing away
and frustration and throwing to the ad break.

Speaker 1 (52:33):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at.

Speaker 2 (52:39):
Be My teaching is more like a trade. Historically they
went to teachers training college, no longer university trained. This
issue there that could be that's an old argument. It
does make it an invalid argument, but that's an ongoing
sort of argument. Mike, I just can't have I'm from
experience having five kids, having gone through the education system
of late. You've got to look to see the quality

(52:59):
of teachers overall is not what it was. There are
still some brilliant ones about, obviously, and we should pay
them more, but that's not the way the unions like it.
But nevertheless, at the bottom end, you really are thinking,
how is it you got through and if you did
get through, standards slip badly. Mike. My stepdaughter is an
art teacher at high school near Wellington told she was
to teach social studies, which she's never done before, and

(53:21):
fashion with no textbooks or material, setting teachers up for
stress and failure could be something in that theory versus reality.
I mean, it's one of the weirdest things. Having a
daughter just about to graduate from medical school. The amount
of time they spend in hospital, on the ward, in
the department doing the medicine. They spend more time actually
doing medicine than they do thinking about it in a classroom.

(53:43):
And I thought that was the norm until they, as
Ruth Shinoda said a couple of months ago, this business
of being a teacher, apparently you sit in some laboratory
somewhere in a corner theorizing about it until you pop
out into a classroom. They say, go to it and
join the real world. It's the weirdest thing. And then
they thought that suddenly putting people in the a classroom
might be a good idea, as though that's a revelation.
Brief thing on Winston I mentioned a moment ago. What

(54:03):
he should be congratulated on is a speech yesterday two
years since, and he talked about refocusing our foreign policy,
which I thought was good on him, refocused to what, Well,
how about our backyard? How about the Pacific? How about
the Chinese influence? How about focusing on something that we
can actually influence. And here's the cold hard reality of
foreign relations. We affect the Pacific, why because we've got

(54:27):
a checkbook in the Pacific. Foreign relations is really I mean,
it'd be nice to think it wasn't, but it is.
It's really about the checkbook. It's about the money influences
money and money is influence. And so when you give
millions of dollars of AAD to the Pacific nations, you
have some influence over them, which is why we have
zero influence on Israel or Gaza or the Middle East
and never have and never will. And it's all hot

(54:49):
air and we're wasting our time. And for all the
people who think that we should recognize palestein they did
last week, didn't they? Stamer did, and Carne did and
Macron did. And so what's changed? What's different? Nothing? So
us doing was never going to change anything. So it
probably if you want to look at bang for buck
energy and energy out, probably better off focusing in an
area of the world i e. The Pacific where we

(55:10):
can actually make a difference. Turn away from it.

Speaker 1 (55:14):
The Mic Hosking breakfast with Bailey's Real Estate News togs.

Speaker 2 (55:18):
They'd then away from a fascinating insight into this food
shopping of our So we spend an average already for this,
We spend an average two hundred and forty dollars a
week per household. Now what does that mean, Well, it's
only two dollars more then we spent two years ago.
So think about food inflation and think about that number.
Thirty one percent of US aren't buying as many groceries,
forty eight percent of downgrading on brands, thirty percent of
us look for specials now. Blake Holgate is Rather Bank's

(55:39):
head of Sustainable Business Development as well as Blake Morning
of Mike. How robust are these numbers? I mean, are
you confident these are rock solid? You know? This is
the reality of things or just perceptions?

Speaker 14 (55:50):
Look, it's a survey where we ask their participants their
perception a lot this meaning mic, So it is perception.
But I will highlight that this is a regular survey
that we run and the methodology has remained constant over
that time. So it's the relative change that we can
see through those numbers.

Speaker 2 (56:08):
Do you see Are you surprised by the numbers?

Speaker 14 (56:13):
I'm not surprised in the sense that we know people
are Wage inflation hasn't hasn't gone up at the same
rate that food food inflation has gone up with so
people have had to make cuts or make choices to
accommodate it. So I think that's sectively what we're seeing
coming through these.

Speaker 2 (56:29):
Numbers, because what we know about food inflation is it's
gone up a lot more than two dollars in the
last two years, and so and I also know that
people are traveling and they go to Europe over summer
and Fiji in winter, and so we've got this two
speed economy I'm assuming, aren't we or haven't we?

Speaker 6 (56:46):
Yeah?

Speaker 14 (56:46):
And I mean what we're dealing in here is an average, right,
So this isn't going to show those two different groups
or segments, but it does show across the thaire economy,
across the entire country, people aren't spending reletively as much
on food as they did two years ago.

Speaker 2 (57:03):
Because they've done grade. Don't see the thirty here's what's surprised.
But the thirty percent you look for specials. I would
have thought we all look for specials, don't we. I mean,
you're looking at you're wandering down the aisle. Why are
you looking for a special? Why would you buy something
more expensively than you can buy cheaper?

Speaker 15 (57:15):
Yeah?

Speaker 14 (57:16):
I think. I think what the survey's showing is people
are more consciously or actively looking for promos or specials,
and I am more conscious of it than they were
two years ago.

Speaker 2 (57:26):
Would this apply to you personally and your circumstances. Do
you buy fewer groceries, for example?

Speaker 14 (57:34):
I would certainly take all those three boxes around, buying
less groceries, more actively looking for specials, and downgrading brands
and products that I'm spending on.

Speaker 2 (57:45):
And if these figures were robust in terms of it's
not just perception, it's actual dollars, then that would show up,
presumably in the bottom line of the supermarkets, and they
would see that they're not actually earning any more money
because people aren't spending any more money.

Speaker 14 (57:57):
Presumably presumably might it's hard to look through and exactly
the margins and who's getting squeezed down the line. So
some of the supplies that are feeding into those supermarkets,
I'm sure that's flung right down through the supply chain,
so it's probably not all just landing at the supermarket.
I think we would see the effect that flows right
down the supply chain, and those supplies at are plant

(58:18):
feeding into those super markets.

Speaker 2 (58:19):
And what is this in your wheelhouse? What's the average household?
How many people in it?

Speaker 14 (58:26):
This was simply done across fifteen hundred respondents. We didn't
get to the specifics of how many were in each household.
It's simply just an average across those.

Speaker 2 (58:36):
We'vecause two forty sounds like not a lot of money
for a family of four, for example. Sounds possibly okay
for one or two people, but not for a family
of four or six or whatever.

Speaker 14 (58:44):
Yeah, and look, and to be honest, we've been running
the survey for about four or five years now and
we're always surprised at how low that number is across
the household. And that's total spend, not just a supermarket.
That's total spend on allo.

Speaker 2 (58:59):
Oh no, you've give me almost give me a heart
attack now. So you're telling me that's on all foods.
So that's KFC and Mackers and everything. Yeah, correct, moment,
Oh my god, I don't know whether to be depressed
or not, Blake, I think I'm depressed. You can't buy
much for two hundred and forty dollars, is what I'm
telling you. You would know that I know that, Yes.

Speaker 14 (59:20):
And then as we say again, that's that's why in
our households are starting to make some of those hard
choices around their practical decisions.

Speaker 2 (59:26):
Okay, nice to talk to you. Appreciate it, Blake, holgame,
I was I was going to go. Ah, everyone's at
maccers includes mackets. Well, even got to pop Eye chicken. Yet,
for goodness sake, Ginny and Mark, after eight, what should
we start with? Hard to know what to start with
at the moment, There's so much going on in the

(59:47):
world of politics. At the moment. House was back yesterday
a bit angsty. The old question time is stayed a
little bit angsty. Jerry was working hard, but anyway, politics
went to stay. Next the news.

Speaker 7 (59:56):
Talks pe.

Speaker 1 (01:00:00):
Asking the questions others won't the mic asking breakfast with
Bailey's real estate, finding the buyers. Others can't use togs
dead b.

Speaker 8 (01:00:11):
Better luck to luded baby and keep my other baby too.

Speaker 13 (01:00:18):
I'd like to put my arms around.

Speaker 2 (01:00:22):
That's all I want to do. I'd have to think
pretty hard about this because these are early recordings. They're
not good. Somebody could you can tell them how much
the quality has changed over, isn't he? These are early
recordings and it's a youngish Waylon Jennings, his son Shooter
good name, really okay.

Speaker 13 (01:00:43):
In this not in this particular time, I don't think
in the South.

Speaker 2 (01:00:46):
Well, yeah, but he was obviously wasn't named Shooter in
this particular time.

Speaker 12 (01:00:50):
Was.

Speaker 13 (01:00:50):
I'm saying some things don't age very well.

Speaker 2 (01:00:52):
So Shooter Jennings, his son, went looking for his dad's
archive of unreleased recording sessions from the late seventies time,
and this is a project. There's going to be three albums.
They think this one's got ten songs. This is when
he was with the Whalers. Walon Jennings and the Whalers.
Nine of the ten tracks are covers. I think that's

(01:01:15):
probably a mistake. I would have gone some originals. I
would have mixed them up. Also, if I was doing
three albums from my dad's music, i'd go with a theme.
I'd go with a period of time or sort of
song or whatever the case may be. But I'm not Shooter.

Speaker 13 (01:01:28):
I'm Mike was Whalon Jennings. Is Whaler's different to Bob
Marley's Whalers.

Speaker 2 (01:01:33):
Very much, sir, It's not and spelt differently as well.
Ten ten tracks and thirty minutes and thirty seven seconds
of Whalon Jennings. The albums called Songbird, he as amen
as past the Time. Now for politics Wednesday, Mark Mitchell,
Jenny Anderson both Weather. It's good morning to you both.

Speaker 7 (01:01:50):
Good morning Mike, morning.

Speaker 2 (01:01:51):
Jenny, Good morning Jenny. Yes, where this morning is?

Speaker 7 (01:01:57):
Mark?

Speaker 12 (01:01:59):
I was gonna ask if it was the Lulu Lounge,
but I think that's not right.

Speaker 2 (01:02:05):
No obs, He's not at the Lulu Lounge. Where are
you this morning?

Speaker 18 (01:02:11):
Mark?

Speaker 22 (01:02:12):
I am being very well looked after by the amazing
staff here at Wellington Hospital.

Speaker 2 (01:02:19):
So you're in hospital?

Speaker 7 (01:02:21):
Yes, it's no state secret.

Speaker 22 (01:02:22):
Yes, I might just here for a few days, having
a big dose of some anie bolets.

Speaker 7 (01:02:26):
I've hit a chest in fiction.

Speaker 12 (01:02:28):
That's I hope you feel better soon.

Speaker 13 (01:02:35):
You.

Speaker 2 (01:02:35):
I got to say, you sound a bit croaky, Mark,
you sound a bit sort.

Speaker 7 (01:02:38):
Of intantly finally beck on my feet in a couple
of days.

Speaker 2 (01:02:44):
Okay, So are you up for the session? I mean,
you know, Jenny.

Speaker 7 (01:02:50):
Starts going nice, it will be more even, It'll be
more even.

Speaker 2 (01:02:56):
Okay, still got a sense of competition going on as
far as Job Seeker, Jinny, the announcement's made on Job
Seeker for the eighteen to nineteen year olds without making policy,
because no, I get all that as an idea if
fair enough, or you'd flip it back, do you reckon?

Speaker 12 (01:03:12):
Well, I'm not going to just come out and say
we'll reverse eccess silly. But the problem is these thirty
six thousand fewer jobs, So where are the jobs. So
it's great that when to incentivize them and they're encouraging
people to work, but if there's two hundred people a
day leaving for Australia, I think the problem they're trying
to fix is needs to be employment for these young

(01:03:34):
people to go to and so they've cut apprenticeship boosts,
that increased fees for university and you can't employments at
record rates. So that's the reality of the problem. So
I can't see their answer actually fixing the problem that
still exists.

Speaker 2 (01:03:50):
Part of the problem, Mark, is you've timed it. I
happen to think it's a good policy, but part of
the timing is She's right. It comes at a tricky
time in the economy, and you're asking a lot of
young peopeople, aren't you.

Speaker 7 (01:04:01):
Yeah.

Speaker 22 (01:04:02):
I just think that young people are getting stuck on
a benefit. I mean it's awful. The socialist model is
having more people relied on the state, and that is
an awful model because you know, they lose any sense
of personal responsibility, any sense of aspiration, any sense of
trying to go out there and seize opportunities. And and
any young person that gets stuck on the job seeker

(01:04:23):
benefit under twenty five on average is going to spend
eighteen years or more on a benefit.

Speaker 7 (01:04:28):
So I mean that is a shocker.

Speaker 12 (01:04:31):
You know, well and good and I you know, we
don't want that. I think nobody wants that for our
young people. We want to provide a country where they
have hope, they have opportunity, and they want to stay
here and have those good things to look forward to.
And we still don't see that. We've got a prime minister.

Speaker 7 (01:04:46):
Huge numbers on jobs.

Speaker 12 (01:04:50):
Let me finish, you've got a prime minister who's telling
them to go to Dargaville and dig up a kumra.
You know that's crazy, you know they need some real
they're that's.

Speaker 22 (01:04:59):
The problem, and that's the problem with your view of
the world is that when I know, when I was
a young guy shepherding, I would take a job wherever
it was. And when I didn't, when I was between jobs,
when I was willing to go on the police, I
went as a runner in a restaurant because my mum
and dad taught me that I would go and find
a job and I would work.

Speaker 2 (01:05:19):
An interesting point.

Speaker 22 (01:05:21):
But your editorde, Jenny, is that's that's beneath anyone.

Speaker 2 (01:05:25):
You know, I got.

Speaker 12 (01:05:28):
I got my first job when I when I was
as soon as I could.

Speaker 7 (01:05:31):
You're just you're just pooping job.

Speaker 12 (01:05:32):
And I saved And I wasn't pooping that I was saying.
These no shops available in the regions these areas are
saying they don't you.

Speaker 22 (01:05:40):
Just use You just use the example of Prome, minister
use and you're poop putting it and say why would
a young person go to Targool to go.

Speaker 12 (01:05:46):
And because there's no jobs they mark that's the point
that's not true.

Speaker 2 (01:05:49):
There are what you're saying that's correct, Jenny, is that
the supply and demand curve is not working at the
not everyone's going to end up in a job. But
what I found interesting is what did the Prime Minister
post cabinet on Monday there it seems to be a
thing these days, because he was being asked about that
moving town to find a job is somehow unacceptable. Do
you find that unacceptable?

Speaker 12 (01:06:09):
Not at all? Like if people want to go somewhere, I.

Speaker 2 (01:06:11):
Don't know what if they don't know a different part
of the question. If you have to move because that's life,
is that acceptable?

Speaker 12 (01:06:18):
Many people have to do that? Yes, it's a reality.
You were just talking about food prices and how much
people spend on food. The reality for many Kiwi families
they can't afford to live where they are now, so
they're forced to go to other areas. If it means
they can earn money and pay the rent and look
after their family.

Speaker 2 (01:06:35):
Well that's good.

Speaker 12 (01:06:35):
Here it's the brutal reality of New Zealand right now.

Speaker 2 (01:06:38):
See, I would argue that that's not a bad thing.
I mean, when I was sixteen I left home to
go to Wellington, w go to we that's where the
job was. I mean, I didn't think twice about it
was what it was. It wasn't like, oh, my god,
I'm leaving home to move to it, you know, and
like it is what it is.

Speaker 12 (01:06:51):
I think what some of those areas have been saying,
particularly in the regions, is they've been the hardest hit
by some of the job losses. Why c cut all
with closures of all those mills. You've had Nelson with
about three closures. Now you've had big manufacturing losses and
Plumouth around the Tartanuki area, and all those regions are
struggling right now. So just telling people to move to
the regions to find a job, do you understand what

(01:07:13):
to the problem New Zealand.

Speaker 2 (01:07:15):
Mark, just take another shot of adrenaline. We'll come back
with your aunt in the moment. Fourteen past eight.

Speaker 1 (01:07:20):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks, Be Your Talks.

Speaker 2 (01:07:27):
Seventeen past eight, Politics, Wednesday, Jinny Anderson, Mark, you were saying.

Speaker 22 (01:07:32):
No, I was just saying, I don't think Ginny understands
why the country is. The whole country is working hard
to drive ourselves out of the the recession, the inflation
that we obviously as a government, that we inherited high
interest rates. The reason why we got there is because
we had very poor energy policy settings that has created

(01:07:52):
very high energy prices. We're currently having to pay about
eleven billion dollars annually on the massive borings that were
made by the government. That has an impact on the economy. Ginny,
we have that.

Speaker 7 (01:08:07):
We have to pay the price.

Speaker 2 (01:08:10):
When you get through it, this will be the election
you need debate. Genny, do you can you explain Hipkins,
who I think failed yesterday? This Peter's thing and the
new law the government are looking to put through about
protesting outside people's houses. Why did you vote against it?

Speaker 12 (01:08:23):
It was really unclear and the detail about we you
know at your house, my house, someone else's house. I
mean that the reality is if someone is protesting their
right to protest, if they break the law, then they
get prosecuted as the person did out front.

Speaker 2 (01:08:40):
A shorter person than in your view be able to
come outside Winston Peter's house at four o'clock in the
afternoon and bang a drum and yell through a loud
speaker for as long as they want because that's legitimate
protest or not.

Speaker 12 (01:08:53):
Well, that would be breaching the peace and it would
be causing it to sturbance and so place would likely
have good grounds to to apprehend that person, but we
don't know.

Speaker 7 (01:09:02):
Well, there aren't clear laws of it.

Speaker 22 (01:09:04):
That's why we're passing the bill, and that's why we
would have expected you to support it. And I think
that every single Kiwi would would agree and say that
the one place that that they and their family should
feel safe is in their house.

Speaker 7 (01:09:17):
And you picture a group of people.

Speaker 22 (01:09:19):
Standing outside your house shouting all sorts of things with
loud ailers and carrying on them and by the way,
you know, completely totally stepping over the line going in
this smesh in the window.

Speaker 7 (01:09:30):
You know they've got it.

Speaker 22 (01:09:31):
They've got this beautiful bleat lab Winston and Jan apparently
there was glass through his eyes and.

Speaker 7 (01:09:35):
It was just a bloody shocker.

Speaker 19 (01:09:37):
Yeah.

Speaker 2 (01:09:37):
I think the problem with it is Ginny As You're
on the wrong side of this now, aren't you, Because
what happens is it's all very well theoretically going around
going oh, you should be able to protest these sort
of people aren't normal, and when let off the leash,
that's where it ends up and no one. No one
finds that acceptable do they?

Speaker 12 (01:09:54):
Let me be very clear, what happened to Winston Peters
is absolutely unacceptable and no one should have that happen
at all. And so if someone is breaking the law,
one hundred percent, they should be.

Speaker 2 (01:10:06):
But that's the point of having a law, so that
we because the law at the moment clearly doesn't work
as well as it should do, and you shouldn't.

Speaker 12 (01:10:12):
Be able to arrested. He was arrested, Yeah.

Speaker 2 (01:10:14):
Well he was because he's handed himself in.

Speaker 22 (01:10:17):
Yes, the police advice is that they don't have the laws.
They need to be able to go in and move
people away when they're protesting someone's private house.

Speaker 7 (01:10:26):
So that's why we're passing the law.

Speaker 22 (01:10:27):
So you know, I would go back and have a
serious chat with Hickins and say we better change your
position on this.

Speaker 2 (01:10:33):
Pretty quick quickly. Ginny, how much do you spend on
groceries per week?

Speaker 12 (01:10:37):
Roughly two teenage kids? Yes, it would be more than that,
It would be about four eighty.

Speaker 2 (01:10:45):
I would say, yeah, see, that's why I don't know
where they got their numbers from, because I.

Speaker 12 (01:10:49):
Mean to people who don't earn as much as me,
that you.

Speaker 2 (01:10:52):
Think you spend more because you've got it as your argument.

Speaker 12 (01:10:55):
Definitely, I would say, so like we spent we have
two people who are earning and we're able to when
we run out, we can go and buy more. And
so many families in New Zealand, and I hear this
locally that when their food runs out for the week,
they can't no more. And so that's why they're not
spending more money on takeaways or other things. As you said,
it's because people don't have the money to feed their family.

Speaker 2 (01:11:17):
What would you spend make.

Speaker 22 (01:11:20):
It's a really good question, to be honest, because I've
got to put my hand up and so that I
don't actually do the grocery as much these days. But
we've got two growing boys in the house, strapping leads
and you know, and obviously costs a bit to feed them.
But yet I couldn't give you.

Speaker 2 (01:11:36):
Anything if the number is right. My point being, if
the number is right, then it's a wake up call,
isn't it? Because what I do know about shopping is
that two hundred and forty dollars is done by it
much is the problem, isn't it?

Speaker 12 (01:11:46):
Well, it doesn't buy you good quality food. It requires
you processed food and white bread and terminut noodles. And
that's some of the problems we've got And that was
the whole reason behind the Healthy Launchers program, that if
you keep kids going to school, who hidden mean, feed
proper food to nourish them and at least they had
the opportunity for learning. Taking it away.

Speaker 7 (01:12:07):
But the one thing, the one thing that the one
the next.

Speaker 12 (01:12:10):
Generation of young people not learning or engaging in education.

Speaker 22 (01:12:14):
I mean one thing, one thing, and this is what
we're telling people to suck EAGs. But when I was
a young police officer and had a young family, I mean,
we used to just see what the seasonal vegetables were,
what the specials.

Speaker 7 (01:12:25):
Were, and and try to shop like that. I still
do to just to keep the building.

Speaker 2 (01:12:31):
I grow my own mark. There you go.

Speaker 7 (01:12:33):
Good on your mate, Good on your mate. Do you
have a little do you have a little roadside stall where.

Speaker 2 (01:12:39):
I was thinking about it because I had I've had
a very good citrus season with mandarins, lemons and grapefruit,
more more of those that I can do with and
I was thinking that I'll need to. If I was
a nice guy, I would have brought them in here.
And of course she had them round the start, but
I'm not.

Speaker 12 (01:12:53):
Lemons can go really really well exactly.

Speaker 2 (01:12:56):
But anyway, I'm not a nice person, so I didn't
bring it any end. Nice guys, Jenny Anderson, Mark Mature
do get better soon, Mark A twenty.

Speaker 1 (01:13:03):
Two, The Mike Hosking Breakfast with a Veta Retirement Communities
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Congratulations. Prue Roberts was the first one in this morning,
so she gets the five hundred dollars thanks to Visa
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class tickets, accommodation, hospitality, race weekend passes in March of
next year at Albert Park Track Experience and two thousand dollars.
Finly enough, I was just doing the numbers, you know,
the rabobank two hundred and forty, and I don't want
to bang on about it, but I think I'm the
more I look at it, the more suspect I am

(01:15:30):
about the actual numbers, because it was one of those
opten surveys where first of all, you've got to have
the attitude to be part of a survey, and so
you can question people have got that sort of time
on their hands at two hundred and forty dollars, so
if you had a house of so it all averaged out.
So for one person two forty. Now that's a whole
different equation. Family of four two hundred forty dollars is
eight dollars fifty per person a day, eight dollars fifty.

(01:15:51):
There's no way you are feeding a person three meals
a day for eight dollars fifty a day. It's just
not possible. Therefore, I just wonder how I mean, obviously
you might have a skewed two person house scenario in there,
because the numbers don't add up to me. Twenty two
minutes away from.

Speaker 3 (01:16:08):
Nine International correspondence with ends and eye insurance peace of
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Speaker 2 (01:16:14):
I'll fraid you do flast.

Speaker 18 (01:16:15):
Morning mate, Hey, good morning.

Speaker 2 (01:16:16):
I knowe that Melbourne is holding up its reputation as
a refined, elegant sort of city as you mark October seven.

Speaker 18 (01:16:24):
Well, I didn't think I could be shocked about the
level of anti Semitism that's risen in this country over
the past two years, but I was yesterday morning. I
could not believe it. Massive billboard in North Fitzroy. Now,
I know you know Melbourne well, but just for the
benefit of your audience, anyone who resides in places like

(01:16:44):
North Fitzroy colling with the inner northern suburbs of Melbourne
are likely to be Green voting Israel hating people. Now,
of course that's me talking in generalization, but it's one
of those pockets of Australia that's very, very much of
the green left. Giant billboard October seven, of all days,
Glory to Hamas was the billboard. Now this billboard, it's

(01:17:07):
not like just a small poster. This is one of
those giant billboards. It's been overtaken by these vile people,
and it's on a major freeway into the city. But
it doesn't stop there. On a office works complex, there
was a graffiti about free Palestine and probably the worst
of all October seven. Do it again. Now, these hate

(01:17:28):
slogans just got to stop. We can only hope and
pray that there was CCTV footage somewhere, but these cowards
would have had masks on.

Speaker 15 (01:17:35):
I would have thought.

Speaker 18 (01:17:37):
Israel has reacted already with their deputy Foreign Minister calling
on Australia to quote get your country in order and
stop the due hate. Sydney Opera House looks like there's
going to be another protest there come someday, and that's
going to I mean Susan leader, Opposition leader says, look,
this is a lot of this is the federal government.

(01:18:00):
They let hate take the take route in this country.
You had a truck driving past the synagogue yesterday in
Sydney's suburb of Cremorne with a bloke pointing a gun
out of the truck, and there were two hundred people
marching and they were lectured by a preacher in Sydney
about the child deaths that are being done by the IDF.

(01:18:24):
I mean, it is completely and sadly out of control.

Speaker 2 (01:18:28):
I just wonder if it's become a thing, you know,
because it's you and I are old enough to We've
been here many many, many, many many times before, and
it's going to be repeated again. And I just wonder
if it's got a life of its own and the
crackdown hasn't been hard enough and the penalties haven't been
stiff enough, and therefore people feel entitled to do whatever
they want.

Speaker 18 (01:18:49):
Well, I've lived in the two biggest Jewish population city,
Sydney in Melbourne for over a long time. I mean,
for example, I couldn't even tell you whether there was
a synagogue in Cremonne until I read about it this morning,
and anti Semitism is not something that in my seventy
years I've seen in Australia at all. But in the
last two years, You're right, it becomes a trend. I mean,

(01:19:11):
how else can you argue about Every weekend since October seven,
twenty twenty three, people are marching through the streets of
Melbourne waving Palestinian flags. One child yesterday was pictured wearing
a T shirt with a slogan on it death to
the IDEF. I mean, this is just I don't know

(01:19:34):
how you reign it back in.

Speaker 10 (01:19:35):
That's the problem.

Speaker 2 (01:19:37):
But what does he do these days apart from good speeches.

Speaker 18 (01:19:41):
Well, he's written an incredible book which I urge you
to have a look at. It's going to be released
in a couple of weeks. There was a major interview
with him in the Australia last weekend. He describes himself
as an author, he's a former journalist as we know,
and a speaker. He's in the UK speaking to a
conservative conference he said in this speech, and the reason

(01:20:01):
I bring it up, he said, Britain needs to move
illegal migrants on to quote a mothership in international waters
in the English Channel before being taken back to France
in unsinkable life rafts on a suitable night. Now, obviously
he was in charge in Australia when the turn back
the boat's policy was delivered. He was the one who

(01:20:23):
was very tough on it. He said, when I came in,
we reopened off short attention, we put back in place
temporary protection visas, and we put in place of policy
to turn the boats around through Operation Sovereign Borders. I
have and I mentioned of it to you on Monday,
and I'm sure I can tell you this, but I
have a very very strong feeling that he is lining

(01:20:45):
himself up some sort of a political comeback.

Speaker 2 (01:20:48):
Wow. And would he be well received.

Speaker 18 (01:20:52):
In many parts of Australia. Yes, his problem was he
was always not very popular in the socialist state of Victoria.

Speaker 20 (01:20:58):
But that wouldn't matter.

Speaker 18 (01:21:00):
Yeah, a tough leader in charge of the Conservatives is
something the Conservatives to day.

Speaker 2 (01:21:04):
Yeah, that's interesting that Dunnet thing. The other day, just
while you've got me on that, I was reading about
that with the Hasty just to explain to people, so
Dunton reviews the election loss. Hasty was what did he
call them? He's a sleep or gone home or missing
an action away to the case. Is that just bitchiness
or is that real?

Speaker 18 (01:21:22):
What this is part of is the undermining of a
challenge by Andrew Hasty that is coming to unseat Susan Lea,
the current opposition leader. It's all a bit complex, but
when Hasty quit the front bench, everyone who is not
a conservative within the Liberals decided that we're going to
get this bloke. And so this leak came to the
nine newspapers and it's all about undermining whether Hasty is

(01:21:45):
suitable or not to march to challenge Susan Lee and
take over.

Speaker 2 (01:21:50):
While I've also got you troubling signed, would you agree
with this troubling sciences and your media this morning? Troubling
signs and the job market deteriorating more quickly than anticipated.
Job adds t three point three percent in September, single
largest monthly drop since February of last year for the
New Zealanders looking to go to Australia and Australia's the
Promised Land. Are times tight in Australia?

Speaker 20 (01:22:11):
Are they ever?

Speaker 18 (01:22:12):
And I think this is reality and the rubber hitting
the road. We've lived in a false state of optimism
since COVID really and you know the Oban Ezy government
they swept to power again for a second term. But
then the underlying problems in this country include obviously housing
crisis like everybody has. But there's no wage growth and

(01:22:34):
there's no productivity growth in this country. The place is
on sitting in neutral or worse, going in reverse. And
I know industry after industry after industry that are simply
shutting down, sacking people and construction, hospitality, all of the
things that key we workers might put their hands up
to come and do, are in big trouble. Big trouble.

Speaker 2 (01:22:57):
All right, make go well, we'll see next week. Appreciate
it very much.

Speaker 7 (01:22:59):
Deep.

Speaker 2 (01:23:00):
I just picked that up this morning. So just a
couple of texts this morning. In fact, I'll come back
to one in just a couple of moments. It ain't
it ain't. I mean, you want to go to Australia
and have a good life, fantastic, but to go there,
go there with your eyes wide open. Eight forty five
The Like.

Speaker 1 (01:23:14):
Asking Breakfast Full Show podcast on iHeartRadio.

Speaker 7 (01:23:18):
Howard By News talks at be.

Speaker 2 (01:23:20):
Good question morning, Mike can ask if you have to
enter the bees of competition again every morning. No, you don't.
Once you're in your room hoping, Mike, you would have
asked Price about how McLaren unfairly treated Piastre. Yes, I
did two days ago on Monday, when it actually happened, Mike.
Two years ago, my friends and a family of four,
including two young adults, sold up, moved to Adelaide. They

(01:23:41):
bought a house there. He found a job which actually
paid less than what he was formally earning here. They
have to put their home on the market and we'll
be moving back home. I think many as humans all
rosy over in Australia. But it's not the case of
many instances. I've been saying this but well and excessively
year on this program. If you read a lot about Australia,
and I do. If you want to go in this
pathway for you and you're a they're always looking for nurses,

(01:24:03):
they're always looking for doctors, they're always looking for you know,
diggers out Western wa all of that sort of stuff.
If you're on a pathway too and you want something
different than great, go for it. But to just blindly
up and leave because you're a bit pissed off with
what's going on in one country and move to another
with no real research or understanding what's going on currently.

(01:24:24):
You are potentially and for a difficult time speaking, which
Stuart Nash, I'm trying to work out of this is
even a story. So the Herald think this is a
thing this morning. So Nash he gets dumped. So Nash
goes on that platform thing, that website, whatever that is,
and he goes on. He says something stupid. He should
never have said it. He's an idiot. And I say

(01:24:46):
that as I mean, I'm not as friend, but I
know I'm well enough. But he's an idiot, so he
should never have said that. So then as a result
of that, he gets dumped from a trade trip. He
also loses his job at the recruitment agency, so they
investigate him. Whether they investigate it was that I'm not
convinced in my mind that sacking somebody for that is

(01:25:08):
a sackable offense, and I I feel bad about sacking
somebody over that. Yes, idiotic, shouldn't have done it, of course,
but the guy apologized and may a culprit, so loon
your lesson, don't do it again. So loses his job.
I didn't realize on the board of another. He's on
the board of the Taxpayers Union, so he lost that job.

(01:25:30):
So he's lost two jobs so far. Then they boot
him off the trade trip. I'm not sure booting him
off the trade trip was a distraction. Do you think
your average American Welcome to America? Oh, Stewie, you're the
guy you know, no one knows, no one cares, So
booting him off that. So then Stewie decides to text
Todd McLay trade minister, give him a bit.

Speaker 7 (01:25:50):
Of a serve.

Speaker 2 (01:25:51):
Now that's O. I aable and that's how I'm talking
to you about this is morning because somebody, oh, I
ate it. So all in all, Stewie's not the sharpest
tool in the box. So I think we can conclude that.
But the outcome versus what he did to get to
the outcome, I'm just not convinced. Is the biggest scandal

(01:26:13):
in the woods.

Speaker 13 (01:26:14):
Sort of got judgment with the form with the judgment.
Isn't he the poor judgment?

Speaker 2 (01:26:18):
It's the Yeah, he lost that job as well, didn't he.

Speaker 22 (01:26:22):
Yeah?

Speaker 2 (01:26:22):
Yeah, he made several mistakes and then lost the job.

Speaker 13 (01:26:26):
And you know, whatever you do, don't hug the machine
in the gym either.

Speaker 2 (01:26:33):
Nine. But we still like him? Do we still like him?
Likable guy, likable guy, old Stewie to point he's got
a spare time in his sense. Now that's all nine
minutes away from nine.

Speaker 1 (01:26:42):
The Mic Hosking Breakfast with the land Rover Defender and
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Speaker 2 (01:26:46):
B stand by. I'm just looking up something on chat
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(01:27:50):
I mean, but I always get confused between Zach, Zach
Bryan and the other guy Bryant, Luke Bryant and Zach Bryan.

Speaker 13 (01:27:58):
Aren't they just all interchangeable?

Speaker 2 (01:27:59):
No, not, no, they are not. So he's got Zach
bryan new song. It's called bad News, and he's putting.

Speaker 1 (01:28:07):
Up Brending now with Chemi's warehouse celebrate big friends and
bigut savings.

Speaker 2 (01:28:14):
And he's put it up with a caption the Fading
of the Red, White and Blue. Have a listen, No listen,
dender in jail.

Speaker 10 (01:28:24):
Some that Tambo has been giving a sall.

Speaker 3 (01:28:26):
I got some bed.

Speaker 10 (01:28:29):
We'll commission you.

Speaker 22 (01:28:33):
My friends are roll the generations, they're our guy.

Speaker 2 (01:28:35):
The generational story of dropping the flight.

Speaker 10 (01:28:38):
I heard the cops, can I.

Speaker 2 (01:28:40):
Reckon He's got predistinguished and I is gonna comebos down
here in door, trying to build a house on bills
no more, but I got a telephone.

Speaker 10 (01:28:53):
Kids are all scarting all along.

Speaker 2 (01:28:55):
Did pink Sky's pink Sky's.

Speaker 8 (01:28:57):
One stop bumping the rocks in the middle, things rising
in a warm stop showing as some bad news good thing.

Speaker 3 (01:29:06):
Of a rare eye.

Speaker 2 (01:29:12):
I like it, mind, you like the most of things
that he doesn't. What Luke Bryant doobe? What is his song?

Speaker 13 (01:29:18):
Thanks? I think.

Speaker 2 (01:29:23):
Who's dood bye do it?

Speaker 7 (01:29:24):
Yeah?

Speaker 2 (01:29:24):
I like him. I like all the Bryans, so like
all the Lukes are like all the Brians are like
all the Bryants. That's what it comes down to. And
I like country music, so that's all right. They'll get
angsty about it in America. Some of the protests outside
his household drove barthrough his front window, and the dog
will get glass all over it, the dog glass O.
You know you write a song about it. Wish Why
was stood on the trade trip? The answer was it
was an immigration stock type trade trip. So he's on immigration.

(01:29:47):
It's the answer to that question. Anyway. That's enough for me.
Happy Days.

Speaker 1 (01:29:52):
For more from the Mic Asking Breakfast Listen Live to
news talks. It'd be from six am weekdays, or follow
the podcast on I heartbread yog

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