Full Show Podcast: 09 October 2025

Episode Transcript
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Speaker 1 (00:00):
Opinion edit informed, unapologetic, the Mic Hosking Breakfast with Bailey's
real Estate finding the buyers others can't use togs edba.

Speaker 2 (00:09):
Well, They're welcome to David cash right and the Finance
Minister and whether it one boasts the economy and two
helped her in the polls. The international blugby pushed back
to our three sixty has begun. Get a new plan
to boost strong wool for our farmers. Jeffrey Archer in
for a word after rate Joe and Italy rod and
the United Kingdom. Oscar Monesday morning, here we go, seven
past six. Soybean farmers. Let me tell you the story.

(00:31):
Like a lot of American farmers at the moment, they're
having a very tough time of it now, soybeans particularly
so because most of their product goes to China. So
far the season, China has brought no beans a lot
of countries when they can are doing business these days
with other countries and avoiding, of course, the American tariff regime.
China in particular is caught up in an ongoing shambles
around trade. Generally, so China's gone to Argentina for their

(00:53):
soy beans. This has left the people of Minnesota, where
most of the beans are grown, with a problem. Now,
if you remember Trump announced the tariffs, the tariffs had
apparently no downside apart from a little pain, a little
pain at the start. Remember that there would be a
little pain. I'm assuming losing your biggest soybean customer is
the little pain bit. Anyway, the White House response to

(01:14):
this is a massive bailout billions farmers all over America,
from beans to wheat, the corn, are going to get
money because they can't sell their products. Now in a
country like New Zealand, none of this will come as
a surprise given we've been basically tariff free for years,
and we do business on the very simple basis that
it cost what it costs to make something, and you
sell it to willing buyers for what the market can bear.

(01:35):
Need I introduce the butter story at this point. The
problem in some cases is if the tariff or barrier
is too high into a market, you look for other markets.
This is happening a lot in food. Trump, by the way,
is also it is reported, looking at some kind of
major carve out around car production as well, given there
is no car that is truly American made, and they
told them this at the start. So the tariffs arrived,

(01:57):
the prices went up, the demand went down. Assuming even
Trump can see that a farmer who grows something that
he once sold to the world to make a living
but now can't because he's been priced out at the
market does not a good economic story make, and Wed
said farmer then has to earn an income from the government,
not the market. Something about the Trump terror plan doesn't

(02:18):
seem to be working, but then there was no shortage
of people pointing that out earlier this year.

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

Speaker 2 (02:27):
We beginning in the United States, actually Alexandria, Virginia specifically,
where mister j Comy has been arraigned for dastardly deeds
a few years back that got the attention of the
aforementioned president. Trial date's been set, but don't hold your breath.

Speaker 3 (02:40):
The comedy defense team is going to just obliterate the
government's case with these motions.

Speaker 4 (02:47):
It will be interesting to see how far this gets
and if this thing gets thrown out before we ever
get close to even picking a jury, let alone getting
the trial.

Speaker 2 (02:55):
Then to the shutdown seems to be affecting travelers most through.

Speaker 5 (02:58):
The last way to live Atlanta to convey still here,
so we knew we were going to be delayed, and
we didn't know when we're going to get here.

Speaker 1 (03:03):
Actually on a plane of fortune, half oil.

Speaker 6 (03:05):
My flight to Cleveland, they've pushed back for two and
a half.

Speaker 1 (03:07):
Hours, and I'm on a work trip right now, so
it concerns me about being safe and also about getting home.

Speaker 2 (03:14):
Britain firstually a whiff of scandal. A couple of Brits
who were arrested charged with spying for China have seen
their case suddenly collapse. The big question is why in
what did Stamino?

Speaker 7 (03:23):
You have to prosecute people on the basis of the
circumstances at the time of the alleged offense, and so
all the focus needs to be on the policy of
the Tory government in place. Then that's the only place
that the evidence could be focused on.

Speaker 2 (03:37):
We had quite a bit more to that story and
with her more with rod Light and then also in
court a Nutta claiming to be medal and mc cann
has been stalking appearance.

Speaker 8 (03:43):
One of those messages was played. You could hear her
Polish accent. She said I never lied. I'm not crazy,
please let me prove it, And in messages she constantly
asked missus McCann for a DNA test.

Speaker 2 (03:57):
Toys wrapped up the conference with the Obligatory Leaders Speak,
which had a lot of policy ideas, including a surprise
dropping of stamp duty for family homes, an idea that
isn't cheap.

Speaker 9 (04:06):
Every pound we save will be put to work. At
least half will go towards cutting the deficit, because living
within our means is our first priority.

Speaker 1 (04:19):
Yeah, they liked that.

Speaker 2 (04:19):
It was a good speech. In Birmingham's favorite sun and
potential bedknock challenger, Robert Genrick. He was an attendant to
get stampatuty out of the way, so everyone regards to your.

Speaker 1 (04:28):
Age, your income can get moving and that's all we
need right now.

Speaker 2 (04:31):
Then then talk about then talk about reform.

Speaker 10 (04:34):
Now your biggest We're not played by reform, why not
because we worry about about report.

Speaker 2 (04:39):
Finally, Cristiano Ronaldo was football's first official billionaires. Are talking
to Bloomberg this morning. They're billionaires and there he plays
for Elnessa and Saudi, which no one cares about. He
joins Jordan Federer, Tiger KNYEK specialist Lebron Magic fun Fact
also former NBA player Junior Bridgeman. He got wealthy enough
from the basketball, but he owns four hundred A few

(05:00):
Windys these days, as in the restaurant News of the
World of Wealth and nineteen Yeah Comy. Interestingly, they've set
jan Fire for the date, but as was suggested, I
doubt it will get there. They expect the trial, if
it does get to trial, to last only two or
three days. What's really interesting about it is you got
two federal prosecutors from North Carolina who have been a
side of this case. Remembering the cases in Virginia, that's

(05:21):
a sign that Lindsay Halligan, the interim US Attorney for
Eastern District of Virginia, she had difficulty getting prosecutors in
her own office to work on the case. Halligan's only there,
of course, because they sacked Derek. So the whole time
is at shambles. Twelve past six.

Speaker 1 (05:38):
The Mike Asking Breakfast Full Show podcast on aheart radio
powered by News Talk SEV.

Speaker 2 (05:46):
Other interesting thing this morning we'll have with Rod later
on is there's a new steel import quota system coming
into Europe. That's good and it's bad the problem overnight.
The car manufacturers are now freaking out and their stocks
are down dramatically, and though it's not like they didn't
have major problems anyway. Also British steel. The biggest market

(06:06):
for British steel is of course the EU, so that's
a major I do have good news though, Coco at
its lowest price this morning in almost two years, so
chocolate might be in for some price relief fifteen past.
I'm sure partners were sure and partners herew Keller ha,
good morning, very good morning, Mike. Fifty points.

Speaker 6 (06:27):
It was Yeah, we got it, didn't we?

Speaker 10 (06:29):
Gold Star to the Monetary Policy Committee? Did we not
call this yesterday morning, Mike?

Speaker 6 (06:34):
Do we did? We did? Indeed? Yeah.

Speaker 10 (06:37):
The RBNZ Montrepols Committee have lowered the official cashwroats two
and a half percent. Has been broadly reported in the
last sort of twenty four hours. Look at fifty bases
point cut I sort of referred to as a supercut.

Speaker 6 (06:49):
I don't think it's a supercut.

Speaker 10 (06:51):
They've done fifty points plenty of times, but it is
out of the ordinary. A few key points here, Mike.
It was a consensus call, no votes needed. I think
that gives you a feeling, doesn't it for the mood
the mood of the committee, because there were some debate
as to whether or not they we'd get that consensus
where we did. The thing you need to do after

(07:11):
these things is you've got to read the summary record
of the meeting because that's where the good oil is.
So here are the key points straight away. At the
start of that. They acknowledge the inflations at the top
of the band, but it's expected to return and I
do not think broadly talked about. It's expected to return
to the mid point of two percent in the first
half of twenty twenty six.

Speaker 6 (07:31):
So it comes back quite quickly.

Speaker 10 (07:33):
Tradables are dissipating, domestic pressures, spare capacity will moderate those.
They're not discounting the possibility that infreation will put above
the boundary, so over three percent. So don't be surprised
if you see that They said economic activity is weak
in the mid part of the year.

Speaker 6 (07:51):
That's sort of self evident.

Speaker 10 (07:52):
Wasn't it significant spare capacity in the economy. They keep
on stressing this, and that's what allowing them to move
the cash right down. The new data they've seen recently
suggests downside risk of GDPN activity and some music to
the ears of the construction industry. The sector will improve
and recover from mid twenty twenty six. They'll be hell

(08:13):
Aluliah's all over the place. They considered twenty five and
or fifty basis point cut through their discussions. They put
more weight on the risk of excess caution by households
and businesses. And I think this is the absolutely correct call.
They had to make a judgment call. They've done that.
If you keep having that caution, that means you get
subdued economic activity and subdued employment market that persists. So

(08:37):
they wanted to provide a clear signal that supports consumption
and growth. It's all good stuff, isn't it.

Speaker 2 (08:42):
Yeah, As I'm just said, it took them so long
to get there, though it got.

Speaker 6 (08:46):
There in the end.

Speaker 10 (08:47):
You remember that old British rail ad from I don't know,
it might have been the night we're getting there.

Speaker 6 (08:51):
They used to say, we're getting there. Look, the door
is very much open to a range of outcomes.

Speaker 10 (08:58):
In November, they're open to further reductions the ocr We
referred to that yesterday, that scenario yesterday morning as well.

Speaker 6 (09:04):
So they could pause, they could.

Speaker 10 (09:06):
Do twenty five basis points in November. Look, they've brought
to the table the using they talked about in August.
That's a good move market reaction. It did shift interest
rates a little bit lower, swap rate, the one year
down ten basis points across the yield curve sort of
circle three to.

Speaker 6 (09:21):
Five basis points lower.

Speaker 10 (09:22):
The market is another twenty five basis point cut fully
priced in at the November meeting. Look, Mike, I'm not
sure about that. I'm not sure about that. I think
we've got to wait still that. Andrew, yes, yes, Well,
you know occasionally I do, you know, I do put
the the I do sort of put a line in
the sand. The market is fifty to fifty over further
moves next year. But so that's fifty to fifty on

(09:44):
another twenty five basis points.

Speaker 6 (09:46):
Currency got smacked.

Speaker 10 (09:47):
It was at point five eight against the US, went
to point five seventy four.

Speaker 6 (09:51):
H has bounced back overnight.

Speaker 10 (09:53):
We're still below eighty eight cents against the Australian dollar.
What you would say is the exporters will be quite happy.
But those holiday just getting a little bit.

Speaker 6 (10:01):
More expensive, aren't they?

Speaker 2 (10:02):
Are we celebrating the inxetics.

Speaker 10 (10:04):
We are celebrating the INSIDEX Mike. I have been waiting
almost four and a half, almost five years to say this.
I deliberately didn't mention this when talking about the because
I wanted to give it its own little segment. The
ins OFEX fifty index yesterday new record high. The rest
of the world has got there ages ago.

Speaker 6 (10:23):
We have finally got that. We'd been a huge laggard.
But no more. We're back, baby. The ins OFEX fifty
is there.

Speaker 2 (10:30):
Give me the give me the numbers.

Speaker 11 (10:32):
Hey.

Speaker 6 (10:32):
The US markets looking quite good.

Speaker 10 (10:34):
The shutdown hasn't stopped the bulls from keeping running. The
Dow jones forty six thousand, seven hundred and fifty two.
That's up one hundred and fifty points point three two percent.
The S and P five hundred is up over half
a percent six seven five o and the Nasdaq up
one hundred and ninety eight points point eight seven percent
twenty two thousand, nine hundred and eighty eight forty one

(10:56):
hundred points six to nine percent overnight sixty five basis
points nine four eight.

Speaker 6 (11:01):
The Nike coming back a.

Speaker 10 (11:02):
Little bit after that big surge the other day, down
just under half a percent two hundred and fifteen points
forty seven thousand, seven hundred and thirty four Shanghai Composite.
I think they still haven't traded, so it's still at
the same level. The A six two hundred down nine
eight nine four seven and the N six fifty, as
I said, up thirty seven points just over a quarter percent.

(11:22):
Thirteen thousand, five hundred and sixty eight key We doll
up point five seven seven five against the US point
eighty seven eight one ossie, the Euro point four nine
seven seven against the pound, point four to three one.

Speaker 6 (11:34):
Five against the Japanes N eighty eight point two to two.
Now gold.

Speaker 10 (11:37):
Now you would have thought four thousand dollars a bit
of a resistance. We do a bit of a dance
around the four thousand. Nah, We've just went straight through
four thousand and fifty seven dollars this morning. That's a
real I think this is a real showing real concerns
about what's happening in the US. Is this is this
goal price four thousand and fifty seven and Brent crude
sixty six dollars and twenty nine cents.

Speaker 2 (12:00):
Chapter tomorrow, Andrew kellehers Shaw and Partners pasking. You went
real estate market's fascinating. We gave you the numbers here yesterday.
There's a bit of life in the old investor people
coming out and buying investment properties in New Zealand. We're
up around twenty five, twenty six, twenty seven, the highest,
I think was twenty nine percent of the market. America.
As of yesterday, second quarter of twenty twenty five, it's
sitting at thirty three percent of the market. So the

(12:22):
investors are back six twenty one. You're a News Talks edbo.

Speaker 1 (12:29):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks b.

Speaker 2 (12:36):
Oh the irony it was this time yesterday I started
this AI conversation. I said, mark my words, there's a
bubble going on here, and what happens overnight? Andrew Bailey,
who's the Chancellor of the exten and he's not the
Chancellor of the exchequ here, is the head of the
Bank of England. He comes out overnight and he goes
there's a sharp market correction coming at the AI bubble burst.
So I also read yesterday Orlando Brabo, who who is

(12:57):
a company or an AI investment valuation? It's et cetera,
et cetera. They say AI company valuations are at quote
unquote a bubble. And a famed investor guy called Ray Dahalio,
he said yesterday you should have a at least fifteen
percent of your investment portfolio in gold for obvious reasons.
So everyone, slowly but surely, he's getting on board the
same train. Six twenty five trending.

Speaker 1 (13:18):
Now with chemist where House great savings every.

Speaker 2 (13:23):
Day Oscar buzz for Colin Farrell, ballad of a small player.
He's a gambler and he's mired yes in debt and
secret Macau gambling capital of the universe.

Speaker 12 (13:36):
Here cards games can change your life in an instant.
My name is Doyle, Lord Doyle, mister Riley, you're star

(13:56):
a considerable sum of money from our client.

Speaker 10 (14:00):
It's a nice working class Irish boy in where his head?

Speaker 6 (14:07):
Who will dig when I do. We'll just pay my
debts off to.

Speaker 1 (14:13):
Let a take a miracle to Jet Tom.

Speaker 2 (14:16):
I like me could be good till the Swinton investigator
chasing him, directed by Edward Berger or berga all quite
on the western front. So we got four oscars for
that conclave, which got some golden glibe action but remains
shocking the entire movie. It was appalling. It's out on
Netflix The Gambler one on the twenty ninth of October
today or overnights the Victoria Beckham Drop. That's the lighter side.

(14:37):
But I haven't watched television all the week and I
feel the need to just watch something interesting and it
could well be that. By the way, I haven't got
to the Nobel Prize for the day. It's chemistry. It's
probably the best story so far of the week in
terms of no bells. The Australians are getting particularly excited
this morning because one of them is always another group
of three? Why are they working threes? You worked out

(14:59):
everyone so fa this week is one in a group
of three? Anyway, it's another qu We're shortly but the
Australians are getting very excited because one of them's an Australian.
So details shortly. Then we'll get to the business of wool. Yes,
we're back on the farm.

Speaker 1 (15:13):
You're Trusted Home for News, Sport, Entertainment, Opinion and Mike
the Mic Asking, Breakfast with Veda, Retirement, Communities, Life your Way, News,
togs Head, Bill.

Speaker 2 (15:26):
Trouble in Italy, Terriffs, are killing them, but they have
had a good year of tourism, a record year. With
all the details. Joren my Keenna in Italy shortly twenty
three to seven to the farmer where we have a
new venture for our wool industry which is exciting. It's
a cross sector alliance. It's between four major organizations. The
plan to deliver decent returns for a quote cornerstone of
New Zealand's identity. John Monaghan is the independent chair of

(15:46):
this new wool alliance. Anders with us John morning, No,
good morning, Mike.

Speaker 9 (15:51):
This strong wool.

Speaker 2 (15:52):
Story is an interesting and troubled one. Is that fair?

Speaker 13 (15:57):
Yeah, the last few decades has been a childling dime
from the war sector for an industry was one sort
of the backbone of New Zealand to an industry as
almost limps are wrong today.

Speaker 2 (16:06):
So what you want to do is generate greater demand,
lifting value and avoiding costing duplication, all of which is
good whine now and more importantly, how.

Speaker 13 (16:16):
The four organizations have been working together for some time
and when you look at I came in and looked
at the wadustry some months ago. I've only been in
the role two months, but when you look at it,
it's very complex. There's a lot of duplication and there's
some obvious games to be made by cooperation, by having
one voice for the New Zealand wararll industry. So these
groups are working well together. The prizes that have a

(16:38):
model in place that is market focused and will promote
New Zealand wool and eventually bring bitlot better returns back
to the New Zealand draft.

Speaker 2 (16:46):
Is everyone equally invested? I mean one of the players's
Beef and Lamber. Beef and Lamb interested in wool.

Speaker 13 (16:51):
Beef and Lamb joined up two weeks ago. There remit
is for sheep, meat and beef, but no they have
a levy voat coming up in twenty twenty six. We
thought it's very important we work alongside them because ultimately
farmers are going to have to back their own industry
with some form of levy. And it's good to be
working with Beef and Lamb and they are fully engaged
with us.

Speaker 2 (17:10):
So how do you sell strong wall to a will
that doesn't really want it anymore? Is it just carpets
or is it so much more than that?

Speaker 13 (17:18):
Well, right now the price of wool is increasing substantially,
and it's the same old It's a bit of a
China story because synthetics have been the biggest opposition to wool.
But we have a wonderful product here right now that
there's not a big inventory of wool, and I think
it's a natural product and the time is right.

Speaker 2 (17:38):
So if youve got the demand thing, so I've just
supplied demand. So so you're not into strong wool at
the moment because the market's no good. But if the
market did get good, would you suddenly run out of
people who are into strong wool and could supply.

Speaker 13 (17:50):
I believe that it's very much the case. Recently, Minister
Mark Patterson and more Impact were in China and they
see prices rising and auctions through until the Chinese New Year.
When you look beyond that, like when I know what
you pay for a jersey, right, but if you put
by a three hundred dollars jersey, the poor I've got
is probably only getting ten percent of that. I understand

(18:13):
it would only take a ten percent lift in a
mid range carpet to deliver one hundred percent higher return
to the grower on the farm.

Speaker 2 (18:21):
Wow, But people are people into counpits though see look
at that Bremworth situation. Bremworth Triedbill, it just didn't work
for them.

Speaker 6 (18:29):
Yeah.

Speaker 13 (18:29):
No, but there's lots of I've like I said I
would saying once again, I've been on board for two months.
I've been very pleasantly surprised on the upside the amount
of innovation that's happening in the wool industry. There are
lots of niche things happen, but it's not an industry answer.
And that's what that's what this venture is about.

Speaker 2 (18:46):
What's your timeline? When do I get you back on you?
Give me some good news, tangible good.

Speaker 14 (18:50):
News, tangible good news.

Speaker 13 (18:52):
Hope to have a model in place by twenty twenty six,
after grower engagement and other engagement, and have a fully
funded model operation in twenty twenty seven.

Speaker 2 (19:01):
Fantastic, Go well, John, appreciate it and I wish you
the best, John Monaghan, who's the chair of the Wall Alliance.
And the very good news this morning is I will
be here in twenty twenty six and indeed in twenty
twenty seven. And I'm not going to tell you what
I pay for a jersey, because you're just going to
go nineteen to seven the.

Speaker 1 (19:17):
Mike Hosking Breakfast Full Show podcast on iHeartRadio, pw it
By News.

Speaker 2 (19:22):
Talks EP Fantastic News. Mike, You'll be here in twenty six,
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New Zealand rule Speaking of the farm, Westpac came to
the party yesterday because the dairy auction this time yesterday

(20:49):
was down a bit in the three or four of
those in a row, and we're thinking what about the price,
what about the forecast price? Westpac are sticking with ten,
So well done them.

Speaker 1 (20:57):
Six forty five international correspondence with ends and eye insurance.
Peace of mind for New Zealand business.

Speaker 2 (21:04):
It only time joing mcckenna, morning, good money man, So
you too are seeing this Israel Garza protest waiver flag,
spend your weekend. You know how much angst is there
about all of this? How big are these protests?

Speaker 15 (21:16):
Well, I was quite shocked last week when Israel intercepted
the flotilla, that a flotilla en route to Gaza. There
were spontaneous protests across Italy. And then that was Thursday,
and then on Friday we saw a complete national shutdown
of trains and schools and all sorts of other services.
And the estimates were there were about two million people protesting,

(21:39):
and I think that was really quite a demonstration of
anger and support at that point.

Speaker 2 (21:46):
And when you say shut down, they were striking for
what reason? Pay or they were striking because of the
Palestine and the.

Speaker 5 (21:52):
War, striking in support of Gaza.

Speaker 15 (21:56):
Basically, we've got to stop to have a national strike. Well,
actually the government did say that it wasn't, so there
was a bit of debate about whether it was actually
sanctioned or not.

Speaker 2 (22:10):
And how is it that Maloney and a couple of
ministers get reported to the International Criminal Court for what?

Speaker 5 (22:17):
Yeah, Well, Georgia Mlani hasn't explained that very well.

Speaker 15 (22:19):
She was doing a TV interview a couple of days
ago and said that both she and the Defense Minister
Guido Crossetto and the Foreign Minister Antonio'taiani had all been
reported to the International Criminal Court for alleged complicity and
genocide in relation to Israel's offensive. Now, Italy has not
recognized Palestine like some other countries have, and has been

(22:44):
trying to soften its support for Israel a little bit,
but still hasn't been too hard I suppose in its opposition.

Speaker 2 (22:51):
I don't see how you joined the dotster complicity, and
that New Zealand of course hasn't recognized Palestine either. Where
are the pole sitting? I mean, is that hurting her
or not?

Speaker 15 (23:00):
Risingly, she's still doing incredibly well, and a right wing
candidate called Roberto Ocuto easily won the Colabrian regional elections
at the weekend fifty seven percent of the vote.

Speaker 5 (23:12):
Maloney and her party are polling at.

Speaker 15 (23:15):
Around thirty point eight percent at the moment, and that's
well ahead of the rival. So maybe these strikes that
we saw last week are indication that those people who
did go on strike are not really her support base anyway.

Speaker 2 (23:29):
No, they were never going to be. But speaking of
the Middle Eastern gender, how political is this pipe going
to get do you reckon?

Speaker 15 (23:37):
Well, it's actually interesting. I think, Mike, you and I
just discussed this.

Speaker 5 (23:40):
At the beginning.

Speaker 15 (23:41):
He started off very slowly, he was quite reserved about
his opinions, and in the last couple of weeks we're
seeing some very strong comments.

Speaker 5 (23:49):
You know, he's saying he took a stand against Trump.

Speaker 15 (23:53):
Today he told the US bishops at the Vatican that
they should be looking at how immigrants are being treated
by President and.

Speaker 5 (24:00):
His hardline policies.

Speaker 15 (24:03):
He was in trouble this week because his top diplomat
sharply criticized Israel's what they called ongoing massacre, and the
Pope has defended Cardinal parallel in the Secretary of State
on those comments. So it's going to be interesting. And
he's also announced his first trip overseas. He'll be going
to Lebanon and Turkey at the end of November beginning

(24:25):
of December. So we're likely to see more on foreign
policy coming up.

Speaker 2 (24:28):
Interesting the pasta legal case, where are the tariffs? The
tariffs are what America or globally or Europe.

Speaker 5 (24:35):
Or Yeah, well this is surprising.

Speaker 15 (24:39):
We haven't got complete clarity on all the areas affected
by tariffs.

Speaker 5 (24:44):
Affecting the Italian producers.

Speaker 15 (24:46):
But the Italian pasta manufacturers are up in arms and
mounting a legal challenge because they say that the US
is planning to introduce tariffs on the pasta above one
hundred percent one hundred and seven percent, so that is
quite a big deal for them, and they're looking for
more support from the Attainian government on that too.

Speaker 2 (25:06):
Okay, and then we come to tourism. You've done well
on tourism, that's no surprise. Another record years. See here
we're in New Zealand. We've never got back from COVID.
We're still eighty six eighty seven percent of what we were.
And yet I look at places like you and Southern
Europe that are just booming, and it's the irony is that,
yes you're breaking records, Yes you're making money, but as
far as I can work out, the locals unobly pleased

(25:27):
about it.

Speaker 15 (25:30):
Well, people are certainly still pouring in. Other streets are
incredibly crowded right now. And you know, the coliseums doing
great business. They've just announced a new secret passage that's
been opened where the emperors used to sneak out the back.

Speaker 5 (25:43):
But the tourism.

Speaker 15 (25:45):
Sector now has expecting around one hundred and forty six
million arrivals in total for twenty twenty five. That's a
huge increase and I think after COVID as we've talked about,
there's just been a massive influx of tourism here and
particul with the Vatican Jubilee that's also boosted tourists in Rome.
But across the country we're seeing really strong numbers.

Speaker 2 (26:06):
Amazing all right, Joe go weell we ketchup next Thursday.
Appreciate it. So we're looking at three maybe four, dreaming
of five million day at one hundred he got one
hundred and forty six. It's some people in Florence sent
as a photo the other day the Kufa coffee just
wandering in a pazza, the qu fora coffee like it
was like ten eleven o'clock in the morning. The it
was like over now, it's just ridiculous. Ten minutes away

(26:26):
from seven.

Speaker 1 (26:27):
Thel Hosking breakfast with a Vita Retirement Communities News togs.

Speaker 2 (26:32):
Head be is chemistry today for the Nobel Committee, Susumu Kitagawa,
Richard Robson and ome Y Gahi. They work on metal
organic frameworks. This is for chemistry. They could tackle some
of the biggest problems on our planet, capturing carbon dioxide
to help tackle climate change of course, reducing plastic pollution
using chemistry. Now what's it. One of them works at

(26:52):
Kyoto University, one of the University of Melbourne, one of
them the University of California, so hence the Australians being
particularly excited. So how molecules can be built together into
structures or metal organic frameworks are called moths, MOFs. They
call it molecular architecture. The committee molecular architecture how to
build constructions with large spaces between the molecules. Right, So

(27:17):
when you've got the spaces between the molecules, what goes
in the gases going and their rooms and so all
the gases go into these rooms and they're held in
the rooms. So that's where your science comes in. Anyway,
they started working independently, these three and the seventies and
the eighties before they worked out, but they were working
on basically the same sort of thing. They started collaborating

(27:37):
and all these years later they once again will be
sharing the one point two million dollars.

Speaker 1 (27:40):
How come it takes all these prize winners so long
to win their prize.

Speaker 16 (27:44):
It also seems to happen about thirty years after and
they did whatever they did.

Speaker 2 (27:47):
Surely you know the answer to that, No, because once
you're doing something, it doesn't mean it's a thing until
it's proven to be a thing by the scientific community
over a sustained period of time. So somebody went into
this gas room and they had a look at it
and they worked out that it actually works. It's actually
a thing. It's not a theory. It's real and it
deserves recognition. Five minutes away from seven all.

Speaker 1 (28:08):
The ins and the outs. It's the fizz with business
fiber take your business productivity to the next level.

Speaker 2 (28:14):
Now we've got some good news here in a week
where the government tried to remind us being young and
jobless and on welfare as no recipe for a successful life.
How the Labor Party is watching questions I'm yet again
them in Radio New Zealand two of the most delinquent
groups in the country. As far as I can work out,
they're just like the idea that the average eighteen year
old can spend eighteen years of their lives on welfare

(28:34):
and somehow that's acceptable. I just cannot get my head
around anyway. Good news Student job Search big lift in listings.
It's a tough market for students, of course, it is
compared to last year, though numbers for listings are up
sixteen percent, and considering the number of people on the site,
it's all good news. Student job Search has seen a
twenty eight percent increase in applications last year to dune

(28:56):
the site head over one hundred thousand acted job seekers
and we're filling more than one hundred jobs each and
every day, so that's exciting. The sites become more popular
with employers. They look for people to fill jobs within
twenty four hours or less notice. And it's also where
all your restaurants, your cafes, your fast food chains, et cetera.
Are consistently advertising because who doesn't want work as a student.
So having a little bit of experience of that particular

(29:18):
situation at home in the last couple of years myself,
they do a very very good job, the Student Job
Search people, as indeed did the Monetary Committee yesterday. Well,
they finally came to the party. I'd love to be
a fly on the wall in that room, because last
time it was four to two. Congratulations to the two
who said fifty. Yesterday everyone said fifty. So the other
four had been dragged kicking and screaming to the party

(29:41):
and at last they did the right thing by us.
Presumably another one coming with thinking fingers crossed in November
next month. Anyway, we'll have a look at that, look
at the implications and whether or not it is the
kick start for the New Zealand economy we so desperately need,
Nicola Willison. That apart from anything else. This morning talk
of the Blazers Association about this R three sixty is
their needless panic about the place they signed this big thing.

(30:02):
All the union's international unions, including ours, yesterday said if
you go play for our three sixty, you can never
be an all back again. So we'll look at the
implications of that for you.

Speaker 1 (30:11):
After the US, the newsmakers and the personalities, the big
names talk to Mike the Mic asking breakfast with the
land Rover Defender embraced the impossible news talks dead.

Speaker 2 (30:24):
By past seven to fifty points. It was the RB
said it was a message or a signal there could
be more to come next month. Was yesterday the Circuit
break of the economy needed. Chrismaller's ABC business sales CEO
Beck with us Chris Morning WRI mikey doing very well. Indeed,
you're walking a bit taller this morning. Does the world
seem like a different place to you?

Speaker 3 (30:42):
Yeah? Absolutely, I think that yesterday was a slight shot
considering our conservative that group of people have been start
and so my sort of feedback from business owners was
very positive. And remembering that majority of you know, small
and medium sized businesses and you do have bank loans
and the majority of those the business loans are actually
on floating, so that means those impact savings from that

(31:04):
decline in the OCI will be immediately felt, which can only.

Speaker 2 (31:07):
Be positive, fantastic. So how real has that been, because
that's been the political argument. You know, if you look
at the interest rates xt number of months ago business
interest rates, now you're saving why number of dollars? If
that's real for a business owner. Has that helped during
this period? Yep?

Speaker 3 (31:22):
Look, it certainly help. I think more important than that.
So yet the cash, the cash benefit is important, but
the more important thing is the mental lift that gives
a business owner so he not only feels better about
his own business, he's saving interest costs, But it's also
you know, if you're to consumers, they start to feel
a lot more confident about making investment decisions because that

(31:43):
consumer eventually is going to drop off a fixed rate,
move down to a four percent rate from a six
percent rate, more discretionary income. Somealy they want to know
some of their discretionary income increases and they're going to
spend more. So it's it's meant it's the mental state
that it gives the business exactly.

Speaker 2 (31:57):
So how do you split those two things? Am I
feeling better because I'm paying less on my mortgage as
the business owner? Or was it really for me as
the business owner? About the customer who feels better and
will come into my shop?

Speaker 3 (32:10):
Definitely the letter. I mean, when you think about a business,
interest costs are really owning a small portion of someone's
actual business costs, and you definitely that they want people
coming to. If you ask a business own, do you
want a decline and costs and an increase in review,
They've got an increase in revenue every day of the week.
So that's that's the most important thing.

Speaker 2 (32:28):
Does it make a lot of difference depending on whether
you export stuff or whether you're relying on a local.

Speaker 3 (32:34):
Yes, well obviously if you're exploring stuff, you're not. You
know that you're talking about an overseas consumer. Was really
it's it's going to really help the business that's more
focused on the domestic consumer, because either ones are going
to benefit from the decline and mortgage rates. Having said that, though,
the indirect indirect result of the Shia com jennerals also

(32:54):
a lower key dollar, So that's going to help Eric
waters story. So it's a sword, which is great.

Speaker 2 (32:59):
Do you need more next months?

Speaker 3 (33:01):
Some more we can get the better. I mean, my
worry is in six months we're out of bullets. So
we go again next month we're down to twenty five,
we go and see we'll go down to two. And
then you and I are talking this time next year
and we're still going, why is the economy threat next?
When we're a real worrying point because we really will
be out of bullets. But I don't think that'll happen.
I think we get down to two twenty five or

(33:22):
two caught that neutral and we should have home loan
rates in the threes. That's a great position to be
in for New Zealand.

Speaker 2 (33:28):
Merry Christmas. Chris Small, who's ABC business sales CEO Nicola
willis with us in about half of ours time. Ten
past seven pasking camping, freedom camping back in the news.
Queenstown Lakes District. They've been there before. They got the
high number of road campers in the country. Of course,
twenty twenty one there to buy a law tossed out
for being too restrictive that left the district without one
since last year. Basically, so there's a new plan proposes

(33:50):
fifteen designated spots, up from just one. James and Lake
is the Motor Caravan Association boss and he's with.

Speaker 6 (33:55):
Us morning, Good morning, night.

Speaker 2 (33:57):
Are these particular rules and ideas? Is this argument unique
to queen Town or is the whole country in some way,
shape or form affected by this.

Speaker 14 (34:04):
It's more particularly in Queenstown, Mike. This council has a
history of making unlawful decisions and this is just the
tip of the iceberg. We've been battling them for a
number of years and gone to court twice and come
out successful twice, and we're concerned that they're going to
make the same mistakes again with this new by law.

Speaker 2 (34:21):
Have they consulted well or not.

Speaker 14 (34:24):
They had consulted the public, but I don't think they've
done a well enough job where they could have arrived
in an outcome that would protect the community but still
allow law abiding New Zealanders to freedom camp in the
district without causing harm.

Speaker 2 (34:37):
Having said that, have they consulted? You say, yes, But
what's happened clearly as they've consulted that you just don't
like what they've done. And they're allowed to do what
they do generally, aren't they?

Speaker 14 (34:46):
Well, I think the consultation has been a bit of
a token gesture, okay, because the outcome that we see
here is very similar to what they've been trying to
push for a number of years. The KAI Court told
them two years ago that what they could do wasn't lawful,
so they're just trying to find another way to get
the same outcome.

Speaker 2 (35:02):
See, is the problem the internationals? Or is it you're
retired couple of your locals who just want to do
a bit of freedom camping and the international spoil it
for everybody? Or is it more complex than that.

Speaker 14 (35:13):
Well, it is a bit complex, but at a high level,
I think the counts are saying that it's these international
travelers and these budget vehicles that are causing a problem.
But the by law doesn't need to stop everybody from
being able to camp. The vast majority of people who
are Keyweeks of Freedom camp are responsible. They've had a

(35:33):
lot of money to do this, their rate payers and taxpayers,
but they've been completely shut up because the Council doesn't
want to even look at other options to enable them
to continue campaign.

Speaker 2 (35:42):
Do you think they're just ideologically opposed to the idea
and they don't want to give you a free run.

Speaker 14 (35:47):
Absolutely, They've made it very clear to us over the
last decade they just do not want New Zealanders camping
in their own backcard.

Speaker 2 (35:54):
Is it worth the fight? I mean, you can go
out of the places. New Zealand's beautiful place and there's
a lot of places to pack. Do you really need
to be in central a target they're going to be
pricks about it.

Speaker 14 (36:03):
Well, yeah, Queenstown is a tourism metter of New Zealand
and a lot of Keywis want to go down there
and enjoy a holiday down and spend money in their
local communities. But also Queenstown has made it very clear
that they want this to see the precedent. They want
other councilors to follow their regime and their lobbing government
quite hard to make substantial changes to legislation so that

(36:25):
Keywis can't go camping around most of the country and
less councils say they can, and we just think that's
fundamentally wrong.

Speaker 2 (36:31):
All right, James, appreciate it. James and Black who's with
the New Zealand Motor Caravan Association. Thirteen past seven reports
just coming through that this progress. They reckon they might
have a deal. This is the Middle East. They might
have a deal within the next forty eight outs. So
that's encouraging. So we'll keep you posted just while we're
in Queenstown. Generally, by the way, congratulations to the airport
next time you're running through that airport. It's the best
large airport in the country. They held the New Zealand

(36:52):
Airport Awards this week. Queenstown win's the best large one
to needn the best medium, so you've got the whole
region covered for goodness, aake the best small yet again
North Shore funny Old airport and all sure I drive
every time I drive home from the country every Sunday,
all these little planes busiest little thing you've ever seen
in your life. It's in the middle, sort of in
the middle of suburbia. But that keeps winning the best airport,
So congratulations. Also speaking of babygation, Airbus delivered the A

(37:14):
three twenty neo to the Saudi low cost carrier fly
NAS this week. Why is that important? For the first
time in aviation history, Boeing seven three seven has been beaten.
So Airbus is the most popular of the A three
twenty neo is the most popular plane in the world.
The significance of that is Boeing had a twenty year
head start, an Airbus caught up and this week past them.

(37:38):
Fourteen past.

Speaker 1 (37:41):
The High Asking Breakfast Full Show podcast on iHeartRadio, Howard
By News Talks at.

Speaker 2 (37:46):
B News Talks at B. Jeffrey archerback on the show
after eight o'clock this morning, seventeen past. So at last,
rugby the rugby world has decided to take the R
three sixties seriously. Most of the world rugby unions have
signed this collective agreement. They would see them banning players
who defect now. Oma Hasenan is the chief executive of
the International Players Association. Anders with us morning to you,

(38:07):
is he with us or not? Argentina and Fiji are
missing in this lineup? Is that a problem?

Speaker 6 (38:15):
Sorry?

Speaker 4 (38:15):
Go again.

Speaker 2 (38:16):
Argentina and Fiji are missing in this combination. Is that
a problem? Yeah?

Speaker 17 (38:21):
I don't know of it is. I think. I think
there's conversations being had amongst all the Tier one nations.
Argentina and Fiji perhaps have their own reasons. They perhaps
don't have the same level as depth, So there they're
not committing to a statement that advises men's and women's players,
not that those participating would be ineligible for international selections.

(38:45):
It's hard to say, but certainly eight of the top
nations have come out and made that statement publicly.

Speaker 2 (38:51):
This is just a preemptive move, or have you heard
of enough players who might bail that you've started to worry?

Speaker 4 (38:58):
Oh?

Speaker 17 (38:58):
Look, we get anecdotal information coming through from different different
groups amongst our membership around the world. It's hard to say,
but look, I think the competition will likely go ahead.
I guess it's just depending on the quality of players.
And you know this this position at the national unions
and our taking and how that might affect decisions amongst players.

Speaker 2 (39:20):
How legally does it work with players who get sabbaticals
currently to go to places like Japan then come back
and represent their country. How have you set that precedent?
But you can sit another president with this competition.

Speaker 17 (39:33):
Yeah, that's an interesting one. Look, I think you know,
we work in the international space and generally managing international issues.
I suppose that that what you described there is the
space of local countries, local national unions and in negotiation
with their players associations and whatnot. New Zealand the SAMs,

(39:54):
you know, might have a different policy to Australia, which
might have a different policy to South Africa as to
how they as to how they do that, and a
lot of that depends on the depth that they have
of talent to be able to keep super rugby teams
going but also keep the best players in the country
available for selection for the country.

Speaker 2 (40:12):
The legals of that are interesting though, aren't they. If
I was a lawyer, I'd be wanting to explore that
in a court or two. I reckon they are.

Speaker 17 (40:18):
They are probably not best for me to comment on
that at the moment, but yeah, I'd say that that's
an interesting conversation.

Speaker 2 (40:24):
Good on, You're nice to talk to. You appreciate it
very much. Oma Hasna, who's the chief executive of the
International Players Association. He's in Australia this morning, so he's
up early for US at five fifteen, so that will
be a Simon Watts Award for the week. Mike, why
has Westpac only passed on thirty basis points and not
the full fifty on their floating rate? Not a bad question.
More shortly seven twenty.

Speaker 1 (40:43):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, car
of by News Talk Zippy.

Speaker 2 (40:52):
Now it's something you might be into. The fabulous Presco
is that Michelangelo spent four years creating in the fabulous
Systeine Chapel. They've been reproduced in all their glory by
the Vatican Museums, no less, and they're going to be
on display this summer in Wellington's Exhibition Center, which is
takena opposite to paper of course, absolutely unique, wonderful anytime
any day. Tickets they're on sale from stetsongroup dot com

(41:12):
remember that address, stetson group dot com. There'll be a
VIP experience daily at four thirty. Now that's led by
doctor Christopher Longhurst. He spent twenty years as a guide
in the Vatican, so that'll be well worth. It's her
time that trip. What's more, all the ticket purchases, by
the way, here's a big I don't know, this is
even bigger. All the ticket purchasers go into the draw
for two people to spend a week in Rome and

(41:34):
to the Sistine Chapel courtesy of House of Travel. How
good is that? Anyway? Book for Michelangelo a different view,
and you can do it through stetsongroup dot com, that
is stetson Group dot com. Asking speaking of overseas and sport, Cummings,
I note yesterday Pat Patcummings and Travis Head they were
offered allegedly nearly ten million dollars each per year to

(41:55):
play some T twenty their routine. They earn about one
and a half millions as contracted players in Australia, someone
like Cummings is worth about three million dollars a year
when you take all the sponsorship and stuff like that.
And Joffra Archer he rejected a year round deal for
the Mumbai Indians back in twenty three or seven and
a half million dollars. So there are some I mean,
at what point does national pride, the national jersey, the baggy,

(42:17):
all that stuff go you know what for ten million.
I'll see you later, right seven twenty four the Wellington
mayor went out not really in a blaze of glory yesterday,
more a fireball of misery and bitchiness. Tory far now
we speak of, of course, probably the local body post
a child for an aptitude she gave her by by speech.
She was a shambles. She may well still be back,

(42:37):
of course, she's standing in the maray Warld. She seems
to me like a person who, if she wasn't in
local body politics, might have trouble finding work, as she
admitted after it was too late, that she really should
have done her homework before chasing the big meural job.
She won because too many people, of course, stood for
Maya and split the vote. So by the time you
deal with the appalling turnout and split the vote several

(42:58):
times over, you'd done it. Actually need a lot of
support to get a job that you weren't even qualified
for in the first place. But that's local body politics,
isn't it. That's the joke of it all. At least
it's a national level, whether it's on a list or
in an electorate. There's a group of experienced operators within
the party that give you the ones over locally, literally
anyone can have a go, and that if you haven't
worked at art yet, is a problem. It wasn't all

(43:20):
her fault. Of course, Amir is not a president and
is but one vote. But Amir's job shouldn't be a
funsies party trick because you bored or unemployable are there
with the personal issues that's another problem, and a lack
of vetting. Of course, some people are basically just a shambles,
and she's clearly one of those. Not a crime. We
all got issues, it's just advisable not to have them
on display while you're trying to run things like a city,

(43:41):
and the city pretty much a reflection of her leadership.
Isn't it a mess? Infrastructurally an embarrassment Level one water
sections already when we're barely out of autumn, a devastated CBD,
angst fury and backstabbing having been a feature of decision making.
That particular trait aired yet again in a farewell speech.
Yesterday we seem to I was thinking to myself, like
yesterday afternoon, we seem to be in an era where

(44:03):
quality and so many eras, areas where parts of life
has gone by the wayside, and Tory far now certainly
an example of that. She came, she cocked it up,
She flailed, she flapped about what we were. I mean,
we were like her psychologists weren't were? She aired her
many and varied problems. Then puff I'm off until she wasn't.
Then they sadly really are. But honestly, in a city

(44:26):
of people like Kits and Fowler and Bellach, maybe even
Wild and parentdogast Old, Tory is hardly one for the
record books. Oski ya Westpac just to understand it, I
don't know about Westpac individually. Haven't looked up their numbers
this morning. The business of the bank goes fifty and
then the other retail banks go fifty, doesn't happen anymore.
What happens generally is that the banks anticipate. The banks

(44:49):
started moving last week in anticipation of yesterday. They might
have been thinking twenty five, so they went twenty five
themselves or twenty or held some back or whatever. But
in general, the full mount does get passed on by
the retail banks, and if it doesn't, ring them and
ask why not? Mike Rugby heading for a knitbull muddle. Nope,

(45:09):
no one's as bad as Nitbull. Ain't nobody as bad
as Nitbull. And there's too much rugby anyway, And the
Saudis do have all the money. That's why I would
be worried if they're determined to make something work there. Well,
but there's no tribalism. You need tribalism in sport, especially
in team sports. You need to be invested in the
team in the competition, and the Saudis are never going

(45:30):
to be able to create that. That's why Ronaldo plays
for that side in Saudi Arabia. Do you care?

Speaker 6 (45:34):
No?

Speaker 2 (45:35):
Have you watched?

Speaker 6 (45:36):
No?

Speaker 2 (45:36):
Has it worked? Not particularly? And I think this rugby
will go down exactly the same track. Stand by the Nikola.

Speaker 1 (45:43):
Willis credible, compelling. The breakfast show you can't best. It's
the Mic Hosking Breakfast with Bailey's real Estate finding the
buyers others can't use.

Speaker 2 (45:53):
Togs DBS catch up with Jeffrey Arncher after it this
morning as late as book wraps up a series, but
more important, he's announced that his next book is his
last one ever. He's done so Jeffrey ARCHI will him
shortly twenty three to away back to the business of
the ocr cash rate now at two point five could
be lie by a Christmas government. Saw it is good news.
Nikola Willis, the Finance Minister backli.

Speaker 16 (46:13):
Us, good morning and good morning to you mane.

Speaker 2 (46:15):
The claim, I think it was from Labor yesterday. The
RB's doing the work for you, fair or not.

Speaker 16 (46:21):
No, the RBNZ is doing its job, which is to
manage inflation and ensure stable output in the economy. And
I think that reducing the official cash rate by fifty
basis points is their logical reaction to the economic data
they are seeing.

Speaker 2 (46:34):
Do you think there's more where that came from.

Speaker 16 (46:37):
Well, they've certainly left that open in their statement, haven't they,
by saying that they will continue to monitor developments and
be prepared.

Speaker 2 (46:44):
To go further.

Speaker 16 (46:45):
And that says you'd expect. That's exactly their job, to
keep monitoring developments and do what's right to keep inflation
down on the medium turn, but consistent with what they're
seeing happening in the economy.

Speaker 2 (46:55):
Do you think inflation will breach three and if it does,
do you worry?

Speaker 16 (46:59):
Well, that is what some of the forecasters are telling
us that it could in the first next three months
go over three that would be temporary. What the Reserve
banker observing is there's a lot of capacity in the economy,
so they don't see the threat of inflation persisting at
that level. And what they were confidently predicting yesterday as
they expect it to come back down to that two

(47:19):
percent range in the first six months of next year.
So that's what you want to see. A little blip's okay.
What's not okay is three years out of target as
it was under the last government.

Speaker 2 (47:29):
That is true. Having said that, what worries me is
the three of its gets breached and I have no
doubt it will. Is not being driven by growth, it's
been driven by cost plus accounting, and that still doesn't
appear to be contained, does it? And what do we
do about that?

Speaker 16 (47:42):
Well, one of the major factors is literally those rates increases.
They are having an outsize impact on the overall inflation basket.
While you're seeing inflation actually falling for a number of categories,
prices falling in real terms, rates disproportionately are pushing up
that overall number, and that's why you're hard at work
looking at proposals for a rates cap, because we can't

(48:04):
let councils keep holding the economy to ransom in that way.

Speaker 1 (48:07):
No.

Speaker 2 (48:08):
I was watching question time again yesterday Prime ministers suggesting
there's growth in Q three. I'm not sure he's correct,
are you.

Speaker 1 (48:16):
Well?

Speaker 16 (48:16):
Obviously there's always a mixture of data, but the Treasury
continue to tell me that's their forecast, and that's that's
currently the Reserve Bank put out yesterday. Yes based on
the data they're seeing, they're still predicting that. What you
saw the Reserve Banks say yesterday is that they still
think there will be growth having occurred in Q three,
if a little more muted than was being expected. But
there's a mixture of data and so we will see.

Speaker 2 (48:38):
And because the nzire the stuff that they looked at,
the last thing they looked at yesterday before they made
their decision said flat at best, contraction at worst.

Speaker 16 (48:47):
Can I just point out something really important about that survey.
It does not directly survey agriculture, and that is a
sector that is of course enjoying exceptionally strong revenues overall
outright and relative to the sectors, So that survey is
very important, It is relevant, but it doesn't include that sector,
and I'm sure that the Reserve Bank factor that in

(49:07):
as well.

Speaker 2 (49:08):
How worried about the labor line are you? They rolled
it out yesterday as well. And that is that, rightly
or wrongly, people in the poll came out to back
it up. Rightly or wrongly, people tend to believe what
they're telling them, and that is that you bollocked this
economy and the facts back that up. How do you
counter that?

Speaker 6 (49:25):
Well?

Speaker 16 (49:26):
First of all, I meet intelligent New Zealanders every week
and Startami, gosh, they really did trash the place, didn't they.
You are having to do a very very difficult tidy up,
but thank goodness you're there. And second of all, I
remain completely confident, Mike that this economy will be back
to strong growth by the time we go to the polls.
And that's ultimately what New Zealanders will judge us on,
as well as what are the alternative policies on off

(49:47):
because so far they've suggested a higher inflation target, more taxes,
and more borrowing. New Zealanders are smart enough to know
that won't work.

Speaker 2 (49:55):
Well, It'll be an interesting year, I guess. On related matters.
Have you read the newsroom peace on a 's restraint
of trade. I did read that your conclusion.

Speaker 16 (50:06):
That it says I've said it is, which is that
the Reserve Bank had an employment agreement which was agreed
under the last minister. They applied that to the negotiation
of the exit agreement with Adrian or the summation.

Speaker 2 (50:18):
I got out of it. In the zikebarm guy, they
keep quoting there is no scenario for a restraint of
trade and what it was really about was shutting him up.
And there might be some sensitivity around some of the
things that he might have said should he not have
been shut up, and that might have involved you in
your government.

Speaker 16 (50:34):
No, I don't think so, because that restraint of trade
cause was negotiated in there when he was first appointed,
it was there under Grunt Robertson. It's actually been a
feature of previous governor employment relationships. So they were literally
following the letter of the agreement, which means that no
matter what the terms were of his exit, he would
have that six months restraint of trade. So I think

(50:54):
that was an overread of what are pretty plain facts.

Speaker 2 (50:57):
All right, I appreciate your time. The Finance Minister, Nikola Willi.
So that was interesting. Wasn't the ends a ier thing?
I didn't realize they didn't really do agriculture. The next question,
obviously I would have thought, is why not? Anyway? The
article I reference is a very good one by Jonathan
Milne in the Newsroom website or what question Mark ex
Reserve Bank Governor's tenuous restraint of trade payout. It's, as

(51:18):
all things are generally on the newsroom site, a lengthy
old piece. But he goes we don't exactly know what
all his claus is meant to restrain him from doing.
After all, in two thousand and two, the former governor
Don Brash walked out the door at number two the
Terrace held a press conference announcing he'd be seeking election
as a National Party MP. That same year, three months later,
as an MP, or walked out the door March Fire.
But his term as governor didn't end until much that

(51:40):
he won. That took his six month restraint period through
to the thirtieth of September. So this Zicbam guy that
keep referencing in the article says he can see no
scenario in which a restraint of trade would apply. The
answer is none, and that is not an insignificant sum
that we're talking about the half million dollars or thereabout
masquerading as a restraint of trade. Adrian or had confidential information,

(52:01):
but more to the point, he was a party to
the unsavory proceedings before his departure. There was such a
heightened level of sensitivity around the circumstances of his departure
and what prompted it that they tried to seal it off. Anyway,
I read the whole article and make up your own mind.

Speaker 1 (52:19):
Seventeen too good The Vike Asking Breakfast Full Show podcast
on iHeartRadio powered by News Talks at Me.

Speaker 2 (52:28):
Mike Wire's National and lux and so unpopular. It's a
fair question, if not a good question, And the answer is,
first of all, you remember they're actually not unpopular there.
They are the first or second most popular party in
the country and by some margin, so under normal circumstances,
what you're suggesting is that they were once more popular
than they are currently. So that's a fair point. And
you're referencing the poll that came out yesterday, excuse me,

(52:51):
with National down a bit and Labor down a bit
and New Zealand first up a bit. Act sort of
not moving. We've got to stop reporting. I noted in
the reporter yesterday people said things like Act dropped by
zero point one. Zero point one isn't a thing. It's
in a survey whe a plus or minus in excess
of three, moving up or down zero point one is

(53:12):
not a thing. The only people who really dropped yesterday
went up. National did drop three point five, and Labor
did drop and New Zealand first did increase two and
a half points. Their material gains. The rest at zero
points something is irrelevant. And this particular poll you get
a change of government at sixty one to fifty nine.
The point being at some point it will start to

(53:33):
really bother National if it hasn't already, and they will
need to do something about it. I don't think they
can travel into election year. It depends on how you
see it. If you're within the National Party, of course,
a bad numbers a bad number, but you've also got
to look at it slightly more holistically. Are you still
part of a grouping that will so? In other words,
is your loss gone to somebody one of your mates?
And then this particular case, the answer broadly speaking is yes.

(53:54):
So the National loss has gone to New Zealand first,
so the center right haven't really moved, they've lost a bit,
begained a bit, so there net even so you've got
to think about it Internally for the National Party, it's
a problem because someone's going to start worrying about their
seat and they're going to get a bit angsty and
all that sort of stuff. So at some point this
has to rectify itself. I would suggest by probably April

(54:14):
or May. We'll get into the election proper by for August,
September something like that, so they'll need to panic a
bit over summer, have a think about it, get their
back together, look for some decent economic numbers. It all
hinges on the economy. If what happened yesterday and is
what probably will happen in November starts to take effect,
and the tailwinds start to arrive over summer, and we

(54:36):
return in twenty six and it's feeling better about ourselves.
The economy moves like you watch the whole thing change.
So that happens, they'll sail in. If it doesn't happen
and they start to get a bit nervous. That's why
election year becomes particularly interesting. Other quick thing, by the way,
just do me a favor. There's something weird going on
in America at the moment. I'm not seen it elsewhere.

(54:58):
In Britain it's a little bit, but but nothing like
America at the moment. Next time you're watching the news
and you see America out and about, look at the
number of masks. It's an incredible number of masks at
the moment. Sonoma County in California has re enacted their
mask policy or their mask mandate. But that's out western California.

(55:18):
A lot of rest of America is not into mandates
and all that sort of stuff. But if you look
at Americans at the moment, even outdoors, put particularly in
restrained areas like indoor settings where there are a large
number of people indoors, trains, buses, transportation. Just watch the news.
Look at the number of people wearing masks at the moment.
It's almost like COVID's back and it's a thing because

(55:38):
it's obvious for the eye to see. Now, Warriors news,
you want some Warriors news, I've got some teared away.

Speaker 1 (55:45):
So my costing breakfast with the land Rover Defender and
news togs dead be.

Speaker 2 (55:49):
Given away from It'd hard to believe that it's taken
the end of twenty twenty five, but the first crypto
sponsorship for a professional sports team in this country has
been in between swift X and the Warriors. Now crypto
sponsorships globally are up twenty percent this year total over
a billion dollars these days. Anyway, Cameron George is the
Worrior CEO, of course, and there is whether it's Cameron morning,
good morning, Mike. How long is it? I mean, don't
give away the details obviously, but how long and how

(56:11):
significant in terms of all the deals you deal with?
Is this a big one?

Speaker 4 (56:15):
Yeah, certainly on a number of fronts. But you know,
all of our all of our partners are very value
to us. And look, the main thing for us is
achieving their outcomes that they wish. And with swift it
was swift X. Sorry, you know, they want to grow
on the market over here and we're a fantastic platform
to connect in the New Zealand. So very excited by

(56:37):
this one.

Speaker 2 (56:38):
You ring them or they ring you.

Speaker 4 (56:40):
No, they approached us. You know, it's it's really interesting
for a brand like them to be a part of
our journey because we're trans Tasman, we're in Australia one week,
back here the next. So we do connect to a
lot of people and you know they're certainly interested in
being a part of our team here in New Zealand.

Speaker 2 (56:58):
I know them from F one So are they Are
they sports aligned in general or are they all over
the place.

Speaker 4 (57:05):
I think there's a bit of everything, but they do
align a lot with sport. As you said, F one's
a big one for them, and football also in the
UK is a big one. So in this part of
the world, rugby league seems to be of interest and
you know, for us in New Zealand, we can help
grow their presence and we're very excited to go on
that journey with them.

Speaker 2 (57:24):
Did you have any questions over the whole crypto thing?
Are there enough people in the Warriors who get it,
understand it, trade it, whether they're fly by night as
you know, here to stay all that sort of stuff.

Speaker 4 (57:35):
Are They're very credible? You know this company and look,
we do our homework, but you know a lot of
our partners come to us because they are growing as well,
and you know we need to understand what they're about.
Equally they do with us, so you know, we both
sharing the journey and we both believe that there's a
lot of credibility with their growth and opportunity, and that's

(57:56):
what we're here to do help them get there.

Speaker 2 (57:58):
What's the sponsorship market generally for you guys, I mean
in sport at the matter, is there plenty of money
out there if you're selling the right thing and doing
the right thing.

Speaker 4 (58:05):
I think that's the point. Like if you if you
got the right option, you know, we can attract a
lot of interest and as I said, trans Tasmin interrants
as well. And we're very fortunate in the New Zealand market.
We have great brands such as One New Zealand and
the likes of supporters. So we've got a lot of
interest with us at present, and we're going to continue
to grow that and continue to meet their desires and

(58:29):
give people New Zealand the opportunity to connect with great
brands and we're a great platform for that.

Speaker 2 (58:33):
Always a pleasure make go well, Cameron, George, excuse me
out of the warriors this morning. It is five minutes
away from a key Dollie's put out. I wasn't going
to raise this because I thought this is something weird
about this. Anyway, his sister, Dolly Partons. Dolly Parton's sister
came out yesterday on social media going, I'm praying for
my sister, and you know, can you all send prayers
and all that sort of stuff. So Dolly Parton was
doing a series of concerts in Vegas that she canceled,

(58:56):
and she said, you know, I'm a little bit ill,
and the doctors have said I've got a date. Take
a few procedures, which was an unusual thing to say
a few procedures, not like, yeah, I'm going in for
an appendix. It's like a few like that could take
three or four of them. Anyway, she did that and
that was fine. Then no one thought anything really more
of it until her sister came out and said, can
you please pray for her because I was up all

(59:16):
last night praying for her herself, at which point everyone,
quite rightly, I guess, went, what the hell's going on here?
To which point Dolly has come out this morning and
produced a video for herself, thus proving unless it say I.

Speaker 3 (59:31):
Yeah, I'm not seeing like a front page of a
newspaper or anything in.

Speaker 2 (59:34):
The video interesting time and date. Because the thing she
says in the video this morning is pretty much the
same thing she said the other day when she left Vegas.
So have you confirmed it to tectually this morning's video
and not making a follo of myself. Oh suddenly the
shoulders get shrugg do they there? We go anyway, So
it's a new video this morning. So she seems to
be fine, she's not dead yet and all that sort
of stuff. So which would because there's very few people

(59:56):
in the world you know that you set that Ray
Charles was the last when I shed a tear for
the death of Ray Charles, and I think Dolly might
have been in the same category of things that turned
out differently. So hopefully it seems this morning it is
not to be. So that's good news. Jeffrey Archer speaking
of Agent Things eighty five. You believe it, Jeffrey Archer.
He's back with It's.

Speaker 1 (01:00:14):
Next, Asking the Questions, Others won't the mic Asking, Breakfast
with Veda, Retirement, Communities, Life Your Way, News, togs Head been.

Speaker 2 (01:00:24):
In a seven past eight. Jeffrey Archer is back with
News one. His William Warick series is coming to a conclusion,
but some more importantly, it appears as the archer writing
career End Game is the eighth in the Warwick series.
The last time we caught up with him, of course,
was in London for the King's coronation. So it's welcome
back to Jeffrey Archer. Good morning and a very.

Speaker 18 (01:00:42):
Good evening to you as I'm sitting in London.

Speaker 2 (01:00:45):
Beautiful autumn in London. The news of your final book
is an overshadowing end Game.

Speaker 18 (01:00:52):
Ah No, not quite, but it is. It's a very
important the end for me. It's a very important landmark
to end the Clifton Chronicles and then end the William
Warwicks and still be alive at eighty five.

Speaker 2 (01:01:10):
Take me through the process. I mean, I suppose the
day was always going to come when you were going
to say enough is enough? How did that formulate in
your mind?

Speaker 18 (01:01:19):
Well, that's of course the next book. The next book
is the final book. I will be my fiftieth year
next year and I will be writing the final book.
This book, End Game is only just arrived in the shops,
and it's the final book in the William Warwick series.
When he's a commander and he's in charge of the

(01:01:42):
Olympic Games. So I flew over to Monaco and saw
Sebastian co and asked what went wrong? And he said,
nothing that I know of, But you need to speak
to Commander Bob Broadhurst because he was in charge of security.
So I flew back to England, Mike, and got in
touch with the commander who holds the Queen's Police Medal

(01:02:06):
and a CB, a very remarkable man, and said did
anything go wrong? And he's I quite expected him to
say nothing I can't speak about. But he told me
fourteen things that went wrong. Twelve weren't of great significance.
They would have got headlines in the papers, but not

(01:02:26):
big headlines. Two were important. One would have closed the
opening ceremony and one would have had everyone in the
stadium having to leave on the fourth day of the athletics.
So all fourteen get into the book, and I added
seven from my own imagination. And you have to guess

(01:02:48):
at the end which fourteen are real and which seven
are just figments of my imagination?

Speaker 2 (01:02:57):
Did it?

Speaker 6 (01:02:57):
Mike?

Speaker 2 (01:02:57):
The book in the sense if you'd gone to lunch
with then talk to Bob and they both said nothing.
You would have had to have made up the whole lot.

Speaker 18 (01:03:04):
Correct. My seven would have your very good point. My
seven would have been the book, whereas now the public
are going to be allowed to know what went badly wrong.
But thanks to the Commander and his amazing team, they
stopped the public ever finding out because and one of them,

(01:03:25):
by the way, Mike, was within twelve minutes of happening.

Speaker 2 (01:03:29):
Wow, do you think sib Coe knows about the two
but just didn't tell you or not?

Speaker 18 (01:03:33):
Well? He no, he had no idea. When he took
the quiz at the back of the book where you're
asked to name the twelve and the seven, he got
nineteen out of twenty one. So the answer to your
question is no, where did.

Speaker 2 (01:03:49):
You come up with the idea to you to talk
to him in the first place? And think they must
have been something to be told here?

Speaker 18 (01:03:57):
I think, Mike, if you're running something as big as
the Olympic Games and it goes on for a month,
you can't expect twenty eight days the pass without some
fairly important minor incidents. What he couldn't have anticipated was
two major incidents. And indeed, when I saw him last

(01:04:20):
week we were doing a television program together, he whispered
in my ear, I dread the person who has the
responsibility for the security for the next Olympics. And I
said why and he said drones.

Speaker 6 (01:04:34):
Jeffrey, we're going to do about drone.

Speaker 2 (01:04:38):
Well, that questions applicable for Europe generally and nothing to
do with the Olympic Games, Isn't it correct?

Speaker 18 (01:04:44):
Absolutely correct?

Speaker 2 (01:04:45):
Talk to me so that's same game. Talk to me
about your final book, the final final book. Where's that at?
Is it just in your hands?

Speaker 18 (01:04:53):
I got the idea six years ago when I read
a speech by Adolf Hitler. And I'd always assumed his
speeches were nothing but hot air and rampaging, but it
had a lot of detail in it. I then read
the counter speech by Winston Churchill and realized that on
September the fifteenth, nineteen forty one, the war could have ended.

(01:05:16):
Of course, because the war went on September fifteenth, nineteen
forty one, kind of got lost. And I then immediately
began to look for leading historians who'd written about what
happened on that day and found three read very carefully
what they had to say. I then checked to make

(01:05:38):
sure no one had ever written the incident when Hitler
changed his mind three times in one day, on a
day which could have ended the war one way or
the other, and then sat down and began to write.
And I'm now on the fourteenth draft, so I'm hoping
to finish by Christmas, and it will beyond the bookshelves

(01:06:01):
in September of next year.

Speaker 2 (01:06:03):
Do you honestly believe in your heart of hearts that
will be it?

Speaker 11 (01:06:08):
Yes?

Speaker 18 (01:06:08):
I might write short stories. In fact, I know i'll
write short stories. I might write a play, I might
write a screenplay. But this book is, frankly, Mike, bigger
than cana Enabel as a story. I've got to see
if I've been able to write it, and frankly, I
won't want to follow it.

Speaker 2 (01:06:28):
Do you feel the pressure already or not?

Speaker 18 (01:06:31):
No, I've done fourteen drafts and the publishing house are
frankly very very excited. So no if I sense they've thought, well,
this is just fine, another book, great, But no, the
vibes that are coming out and the things they're preparing
rather suggest this is another cana Nabel.

Speaker 2 (01:06:49):
All right, listen, now we'll talk about you the end
of it all. And just a couple of months, Jeffrey,
aren't you with us? By the way, just developing still?
This gas of deal I think was in the next
twenty four to thirty six hours are increasingly confidently going
to be able to stitch something together, which is good. Also,
by the way, before we come back to Jeffrey in
the moment, we'll have the names, the final names in
our Big Melbourne Trip experience. So if you've entered stand

(01:07:10):
by a thirteen past the.

Speaker 1 (01:07:12):
Mic Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talks.

Speaker 2 (01:07:17):
It be News Talks will be sixteen past eight in
Game the eighth and the Warick series, of course, but
we've been talking about the fact that the next book
is going to be which leads me to ask Jeffrey
whether or not you know you're a little bit wistful
at this point in time. I mean, it's been such
an amazing journey. Is it time for you know, some
sort of reflection.

Speaker 18 (01:07:36):
Yes, I've been very privileged and lucky to have a
simple talent to tell a story. That's a God given talent.
I always say to young people, if you're well educated
and well read, there's no reason why you shouldn't be
a decent, even good writer. But the act of telling
a story is no different to a ballet answer, no

(01:07:58):
different to a violinist different to an opera singer. You
divide those who really succeed with those who nearly succeed
by damned hard work and a bit of luck. And
that's a bit of luck.

Speaker 2 (01:08:11):
It's called talent, exactly. I can't let this pass without
a little observation about what does Britain strike you as
particularly troubled at the moment or is it just me
observing it from the other side of the world.

Speaker 18 (01:08:23):
No, you are right, Mike. We're in a bright, leathering state.
We're up to our eyes as a nation in debt.
The problem we have, and I'm sure you have it
as well, and everyone in the world has it, is
that we are meant to retire at sixty five, you're
meant to collect a goals watch, you're meant to conveniently

(01:08:46):
die at the age of seventy. Well, I'm eighty five
and I've got lots of friends in their nineties, so
it's not easy for a nation to actually go on
dealing with the National Health Service for them and financing
pensions for them. You are quite right to think we
look as if we're in trouble, But look at the French.

(01:09:10):
What are you laughing Mike, I can't serious.

Speaker 2 (01:09:13):
I can't help it exactly. Listen, I was reading and
it was you, wasn't it. It was you that told Cameron
about Farage, and if he had done what you'd suggested
with Farage, you might not be dealing with Farage the
way you're dealing with them today.

Speaker 18 (01:09:28):
Well, I was surprised when the interviewer for The Independent
said I'm going to start the interview with something you
said ten years ago. I thought, oh my god, what
did I say ten years ago? And he read it
out that you had suggested to the Prime minister that
Farrage be put in the House of Lords. He was
at that time. Hold your breath on naught percent. My
line was he's trouble. He's a brilliant mob orator and

(01:09:53):
he's still ambitious. But if you put him in the
House of Lords, we'll keep him quiet and he'll be
very happy, very haph being Lord Farage.

Speaker 11 (01:10:01):
You'll love that.

Speaker 18 (01:10:02):
And a Prime minister didn't agree with me, and he
is now causing us some trouble. Do you think by
us I mean the Conservative Party?

Speaker 2 (01:10:14):
Well, exactly under your electoral system, first past the post,
do do you think in the next election his thirty
percent translates into seats or it doesn't.

Speaker 18 (01:10:23):
Oh, no, I think this time it does. He got
more votes than the Liberals last time and only got
four seats, whereas the Liberals got fifty one. I think
this is going to change big time, big time.

Speaker 2 (01:10:38):
What are the Tories need to do.

Speaker 18 (01:10:41):
We've got four years before the next election, and it's
difficult in politics, particularly with Trump at the helm, to
predict beyond a week, let alone four years. But I
must say, I meet a lot of people who say
I've had enough of the Tories and I could never
vote Labor. I'm going to give him a chance. And yes, Mike,

(01:11:04):
that may well translate in to speak, into seats.

Speaker 2 (01:11:09):
And government or not.

Speaker 18 (01:11:11):
Well, now, if you're asking for a technical view, he
could be the biggest party, yes, which might mean he
has to join with the Conservatives in order to form
a government. Or Labor may be the second biggest party,
Liberals the third biggest party, and they may be able

(01:11:34):
to join together to form a government. If I might say, Mike,
a right, mess.

Speaker 2 (01:11:40):
That is true. I'm just thinking you probably need to
keep writing something, because every time we get together and
talk about books and politics, it's always fun, but for
now we must end. There is always a thrill and
a pleasure. Good to catch up with.

Speaker 18 (01:11:52):
You, very kind Mike, and lovely to speak to you again.
Thank you very much for keeping in touch.

Speaker 2 (01:11:57):
Always a pleasure, jeff Jeffrey Ancher, Britain this morning just
on Gaza by the way, because I'm desperate for this
guns thing. So what they're suggesting in the last twenty
four to thirty six hours, we're going to have the
first phase, critical word, first phase of the deal, which
is the release of the living hostages in exchange for
a cease fire. So the business, whether Hamas lay down

(01:12:19):
their weapons, there is still a lot of water to
go under that bridge.

Speaker 19 (01:12:23):
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Speaker 19 (01:14:09):
Were the ultimate vib race experience in Melbourne with Visa
and US talks av with Bisa.

Speaker 2 (01:14:17):
Billy came through. So, Billy, you're in these billion man
or a woman. It's bellt ie female good. What's the
gender balance on the people in the drawer? Because very important.
We have the gender balance right and preferably some sort
of ethnic persuasion as well, so we can cover ourselves off.
We're not being taken.

Speaker 6 (01:14:34):
To say about seventy thirty.

Speaker 2 (01:14:35):
Unfortunately, seventy thirty. Luke seventy thirty tell you what you
love Old Nige Mike excellent interview discussed with Jeffrey rather
not Nige Wanma calling Nightgeat excellent interview, discussion with Jeffrey,
Incredible interview. I just love hearing from people like this.
Mike Lord Archer is such a great interview subject. Mike
brilliant interview, Mike well bred.

Speaker 6 (01:14:55):
Thank you so much. I'm glad you enjoyed.

Speaker 2 (01:14:57):
I've always enjoyed his company. Very likable guy. And doesn't
he sound incredible for eighty five I mean sharp as
they come. Speaking of sharp rod little the stamp duty
from Chemi bad Nag. That is that a game changer?
More for you? Shortly after the news, which is next,
you're on the Mike Cosking.

Speaker 1 (01:15:12):
Lips opinionated, informed, unapologetic, The Mic Hosking Breakfast with the
land Rover Defender embraced the impossible news togs dea'd be.

Speaker 2 (01:15:25):
Just looking at Trump speaking. He said nothing other than
it looks a bit promising. This is the Middle East,
and the deals seem increasingly confident that they'll have something
in the next twenty four to thirty six hours. By
the way, spring property market blooms as buyer demand surgeres,
so it's a arrived which is encouraging the housing market.
We've got the Trade Meet Property Pulse report this morning.

(01:15:47):
It's the weakest of the data that's about the place
in my humble opinion, because it deals with asking prices
and what people ask for their property versus what they
get for their property are two completely different things. But
nevertheless they seem to monitor for it. And it's above
in Auckland a million dollars for the first time since June.
Down South it's all go. It's in fact, it's so go.

(01:16:09):
It's got that monthly noise about it that I always
get slightly suspicious about. And this sa is why you
probably should look at surveys over a longer period of time,
like at least a quarter of not a half year
to a year. But nevertheless, in Auckland up three point
seven percent on the month, even Wellington's moving up two
point six on the month, Nelson two point two. But
the South they refer to Otago ten point six percent

(01:16:30):
up is ridiculous, so that it could be noisy eight
point nine percent in Southland, a couple of people going
backwards by a plenty, down a bit Northland, down a
bit Gibsbon. Something weird's happened down twelve points set, but
overall spring us here on the housing market, which is
good twenty two to.

Speaker 1 (01:16:45):
Nine international correspondence with ends and eye insurance, peace of
mind for New Zealand business.

Speaker 2 (01:16:51):
Contra City may go to the Middle East before the
end of the week, so while when he says middle East,
he's going to Egypt to a joint and he maybe
push those talks across the line which will be interesting
as well as Britain. Roderick, good morning, good morning to you.
I was watching Kimmy at the at the conference wrapping up,
so the conference seasons come and gone. Her speech your
assessment of it. She was supposed to give the speech

(01:17:13):
of her political life. Did she.

Speaker 11 (01:17:17):
Yes? With the caveat that her political life hasn't been
very long. I think she's given the best speech that
we've heard from her in her time in Parliament and
it manage to be authoritative and it also failed to
mention reform, which was an important thing to do. But

(01:17:40):
it also kind of tying in with what you were
talking about about your property market over there, ours is dead.
No one is buying anything. The main reason being that
people are worried that Rachel Reeves will do something fantastically
deranged in the budget and no one will be able
to afford to live anywhere. So what Vadadoc did was

(01:18:02):
promised to end stamp duty, and that simple, that simple pledge,
which nobody else had really thought of, has really resonated. Well,
I'm trying to sell my house at the moment and
buy another one about the same amount of money I
would be paying someone in the region of one hundred
thousand pounds in stamp duty, you know. And it's not

(01:18:27):
it's it's you know, I'm not right at the top
of the market by any means. It is incredibly unpopular,
incredibly costly, and there's no justification for it. And yet
it's never been attacked by the parties, partly because in
the past we've always wanted to dampen down the house

(01:18:48):
market rather than make it take off. But she her
promise to end it is it is because she's put
it a bad tax and that is very very popular. Indeed,
so she's done very well. And yeah, there are still
murmurings from the back benches and within the within the

(01:19:08):
old grandees of the party. The desiccated husk of Michael
hesel Time was dragged before the cameras to say how
much he disliked the new Conservative Party and in what
likeness in my day. But I think she's at the
very least brought herself some time. And if you compare

(01:19:29):
the three leaders going into these conferences we've had the
labor A Conference, the lib Dem Conference and the Conservative conference,
both the other leaders had far less to brag about.
By the end of the conference. There are still knives
out for Ed Davey because they consider him the Liberal
leader to be a clown. There are still, of course

(01:19:50):
even more knives out for Sir Keir Starmer, but perhaps
there are slightly fewer out than there were for Kenny Badenock.
Doesn't help her in the polls, of.

Speaker 2 (01:19:58):
Course, no not. The stamp duty, of course comes with
a cost, and so how do they pay for that,
in other word money they did? How do they rectify,
balance that or square that circle?

Speaker 11 (01:20:11):
Well, you're talking about Great Britain politics here, and of
course there's no attempt to balance it whatsoever. You know,
it'll cost nine billion quid and we'll find it somehow.
But there are other things she will say which will
be a welfare reform, and I think she is quite
committed to welfare reform. So you know, labor was talking

(01:20:34):
about saving originally fifteen billion, then it came down to
five billion. In the end it's probably going to cost
as they are fantastically useless. Ike, I'm sorry, but there
is a lot of There is a lot of fat
on the welfare bill which needs to be cut. So
I dare say she would say that that's where the

(01:20:55):
money's going.

Speaker 6 (01:20:55):
To come in.

Speaker 2 (01:20:55):
A couple of quirkies if you wouldn't mind the steel
terriff thing which the E you are bringing in very shortly,
and this is going to affect Britain, and Britain apparently
are panicking because the biggest market the British steelers, of
course the EU etc. And you've already saved one steel
work so far this year. Is the genuine panic and steel?
Will the government save more businesses and our jobs at risk?

Speaker 11 (01:21:20):
Answer to the first point is it is a genuine panic? Yes,
there most certainly is, and it's a big vote loser
for labor, even though it's not in fairness of their
making a loss in steel, because we have a long
memory of labor failing to stick up for the steel
bills back under Tony Blair. In my part of the world,

(01:21:42):
in REDCA it is catastrophic unless a deal can be
struck of some kind. Unless some sort of deal can
be worked out, because as you rightly say, we ship
very little steel to the US. We ship most of
it to Germany, to Italy, to France. And I think
I forget the exactly. I think it's not like fifty

(01:22:05):
seven percent goes to European countries. So yes, we would
put them out business, will labor bail them out. I
don't think there's an enormous appetite to do so, nor
is there enough money for them to do so. You
know that they are strapped for cash and it was
only with great reluctance so they stepped into to say,

(01:22:27):
the Scunthorpe steel Works. So I think probably not. What
it would mean in the end is job losses and
the loss to Great Britain of the of the remains
of its steel industry. What we should have been doing
for years, of course, was invested in high tex steel
production and the better quality steel to compete with the Chinese, rather.

Speaker 2 (01:22:50):
Craft steel and super quick. Just so, whether I dedicated
any more of my time to this, these two that
were charged with charge spy for the Chinese, and the
case is suddenly collapsed, and everyone's going, we'll hold on here,
what's all this about, mister Starmer? Is this a thing
or not?

Speaker 6 (01:23:09):
Well?

Speaker 11 (01:23:10):
I think it's the thing, and I think it's been
underestimated by the British press quite a bit. We haven't
done all the digging digging down yet, but if it
is proven beyond all doubt that the reason these two
spies got off is because Keir Starmer didn't want to

(01:23:30):
annoy the Chinese. That is a real problem.

Speaker 2 (01:23:33):
For him, and that is the inference. All right, might go, well,
we'll catch up next week. Appreciate it very much, Rod
Little out of Great Britain. Yeah, so if you're not
up on the story, and you may not be because
it hasn't been covered very well as soon how I done.
It's been covered anywhere here anyway. So these two bricks
they were charged, set to go, Christopher Cash, Christopher Berry,
they're in their thirties. They both dined it, by the way,

(01:23:54):
they're all set to go public prosecution. All of a
sudden went, sorry, cases collapsed, class gone. Everyone's going to
hold on, what the hell have And here the inference
is that the labor government are desperate to get on
board with the Chinese, and the Chinese said, you might
might like to have a look at these two fellas
here and see whether the charges can vanish. Starmer, of course,
is denying it. He's an India at the moment on

(01:24:14):
other matters, but he's denying it. But as Rod said,
watch this space eight forty five the Like.

Speaker 1 (01:24:21):
Asking Breakfast Full Show podcast on iHeartRadio powered by News
Talks at b OH.

Speaker 2 (01:24:27):
The other is looking up yesterday that I decided to
delve into, is this Czech election which was held over
the weekend of this guy Babis, who was once the leader,
is now back being the leader, and he's the billionaire.
And so anyway, he runs a thing called the A
and O Party, and they got thirty five percent of
the boat eighty seats in the two hundred seat lower House,
which is up from seventy two, so they did pretty well.

(01:24:47):
They're anti Europe broadly, and so he's going to need
to do some deals with some people. And that's the
last time I told you about that story. And I
sudden thought, well, I'd better find out who these other
people who's trying to do deals with. And the answer
is one of the parts. Parties are two parties, two
small parties. They passed the five percent threshold, so they've
got a similar system to ours. One of them is
the anti green Deal Motorists for Themselves Party, and I

(01:25:10):
thought awesome name the Deal Motorists for Themselves Party. They're
also the anti immigration Freedom and Direct Democracy Party, which
is just another standard boring party named the SPD, and
that's run by a Czech Japanese entrepreneur called Okomura. Now
it is more likely that he's going to be a
blue The A and O is going to be able
to do business with the Motorists Party because they already

(01:25:32):
sit in the same European Parliament group, the Pro Sovereignty
Patriots of Europe. Babis founded that along with Victor Aubarn,
a name you already know. They share the Motorists misgivings
about the EU's emissions targets. Both parties are against Czech
households carrying a greater financial burden for cleaner energy. Both
oppose the EU's ban on the sale of new petrol
and diesel cars by twenty thirty five. What really interested

(01:25:54):
me about the Motorists Party. Apart from the obvious question
why they called the motorist party is the answer. They're
called them party because they simply are interested in cars,
and they're interested in fossil fuels, and they're interested in
rules around fossil fuels, and they're interested in banning of
engines and so on that singularescity. They're almost a single
issue party. So on that single issue they managed to

(01:26:17):
get more than five percent of the boat and are
going to find themselves in government. How cals that a
party that just loves cars is in parliament and is
going to be ending up running Czechoslovakia. That's brilliant.

Speaker 1 (01:26:30):
Nine to nine The Mic Hosking Breakfast with Veeta Retirement
Communities News, togsdad B.

Speaker 2 (01:26:38):
What you're hearing affects more than just sound, so it's
tied directly to balance and sleep and memory, even overall
brain health. This is why Resonate Health have created EAR
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dot m Z asking Mike, I just felt that awesome
change in the areas of yesterday that heralds the beginning

(01:27:41):
of the usually brilliant New Zealand summers. I'm north of
Auckland and it's begun. I'm glad. I don't know what
you're referring to. Was it the weather? Was it Christian hawksby?
Was it our show that picked you up. I don't know.
But as long as you're feeling good, well done, five
minutes away from nine.

Speaker 19 (01:27:57):
Trending now QUI chemist well celebrate big brands and figure savings.

Speaker 2 (01:28:02):
Listen to this, Just listen to this. You'll never get
who this is. Plastic ber Trn remember plastic Bertron. That's
it's Harve Malay As in the Argentinian President, he's held

(01:28:25):
a rock conference concert. He's promoting his fourteenth book. Fourteenth
book is called The Construction of the Miracle. It's debatable
now whether it is a miracle, because it said it's
not quite as miraculous as it was. But anyway, he's
looking forward to the national midterms, and hence you do
a book and then you do a rock concert. Anyways
in front of a crowd of fifteen thousand at the
movie Star Arena. What a cool name. It's almost as

(01:28:48):
cool a name as the Engine Party in the Czech
Republic movie Star Arena, and whe nasseris he's saying nine tracks,
nine track set nineteen eighties rock anthems. While dressed in leather.
He would challenge blinking. Of course, some woman told my mother, Anthony,

(01:29:08):
what have my name is he running for meror in
New York? Every other crookers? I just wondered if Fever
was in the field Clinton of course, speaking of crooks,
that's pretty good, is it?

Speaker 6 (01:29:22):
Really?

Speaker 2 (01:29:23):
Say whatever you want about pointing, but no one did
Sacks like Phil, we.

Speaker 15 (01:29:30):
Really need to left our game because it's the best
we've come up with us Like who.

Speaker 2 (01:29:35):
Who's this?

Speaker 14 (01:29:38):
Simon Bridges?

Speaker 2 (01:29:44):
My favorite, of course, of all the time would have
to be who.

Speaker 1 (01:29:47):
Oh carry carry on?

Speaker 10 (01:29:52):
No, Lie Arger, tell me who that wastic?

Speaker 3 (01:29:59):
He dearly departed Anderson of course, leader of the Jamanders
party the light great you men?

Speaker 2 (01:30:07):
Hey what about.

Speaker 6 (01:30:10):
On the piano?

Speaker 2 (01:30:12):
What about No, she wasn't on the piano, she played
the bassoon piano anyway, Happy Days.

Speaker 1 (01:30:20):
For more from the mic Asking Breakfast, listen live to
news Talks. It'd be from six am weekdays, or follow
the podcast on iHeartRadio.

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