Full Show Podcast: 13 October 2025

Episode Transcript
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Speaker 1 (00:00):
You're trusted home for news, sport, entertainment, opinion and Mike
the Mic asking Breakfast with the land Rover Defender, Embrace
the Impossible News, Togs Dead Bully.

Speaker 2 (00:12):
Welcome today to new Methane target for the country and
the farmers. Is there a plan to turn ACC's books
into something that resembles black not read a Prime Minister
in being a Monday sport in the country box. Of
course with the lads Richard Arnold, Steve Price, they do
the offshore bit as well. Pasky, Welcome to the new week,
seven past six. So I've read the latest KPIs for
the government. I'll have you know things that they're doing

(00:32):
or going to do before the end of the year.
Drag this dump out of the quagmire would have been
my number one. But theirs is to introduce new planning
legislation to replace the RAMA, which is no bad thing.
But introducing stuff isn't the same as ticking stuff off
it And in this list, which is thirty three things long,
is part of this government's image issue. You most likely

(00:54):
won't have read or seen the thirty three because it's
a good example of the new cycle or our attention
spanner a bit of both. Remember when they first came
out mass coverage, a government with all a to do
list that was novel, things you could see and come
back later and check whether it had actually happened. It
was very business like. You may also remember that mainly
they get done others government has roughly achieved what they

(01:14):
set out to do, So as an exercise and discipline,
it deserves some sort of recognition. But and here's the problem,
a cheaper power bill and an annual surplus might have
been actually more used to most of us. So several
quarters and lists have come and gone. By that I
mean mainly the media we appear to have lost interest.
Are the latest list, as far as I can tell,
and I do quite a little bit of looking as
virtually nowhere to be seen. Further, it starts to look

(01:37):
like a list, and this is the problem with lists.
It starts to look like a list that has stuff
in it that is a mix of indecipherable, nonspecific and
or part of a sort of an ongoing broad based
thought bubble. Good example number three past legislation to allow
granny flats to be built without consent, perfect, simple, clear,
tick the box, but what about fifteen begin the hospel,

(02:00):
but tell us he sector review. I mean, is forecasting
the start of a Look, it's something a thing. Twenty
Take cabinet policy decision on options to provide more tools
to address antisocial behavior. Take a decision for tools for behavior.
I mean, come on, that's stacking your list. That's whiteboards
and blue skies and boring meetings. We've got an economic
shambles on our hands, and you've got and your hot

(02:22):
Fourth quarter take is some tools for behavior. Maybe one
of the KPIs in the first quarter could have been
let's not make bollocks up for futurists so they look
like we ran out of stuff to do.

Speaker 1 (02:33):
Wow, news of the world in ninety seconds.

Speaker 2 (02:36):
It's time tomorrow. The remaining hostages should be home. The
Israeli president knows who made it happen.

Speaker 3 (02:41):
We have dmira Hem for his courage, for his leadership,
for his stamina, for his commitment to bring our hostages
back on hand, change the reality in the Middle East
towards a better direction.

Speaker 2 (02:54):
Yes, the Trump forward guards already in town.

Speaker 4 (02:57):
To President Donald J.

Speaker 5 (02:58):
Trump, a man who is a humanitarian through and through,
who once again proved that bold leadership in moral clarity
can reshape history and change the world.

Speaker 2 (03:12):
The Palestinians still seem on board.

Speaker 6 (03:13):
It's good to see hostages return to their families and arms,
and it's good also to make sure that this is
far agreement holds and is implemented and forced.

Speaker 2 (03:26):
From the success as many Father's file comes the Brits
who are looking for a slice of the recognition.

Speaker 7 (03:31):
We have played a key role behind the scenes in
shaping this.

Speaker 8 (03:34):
It's right that we do so, because it's in all
of our interest, including our own national interest, that we
moved to a lasting piece in the region.

Speaker 2 (03:42):
The Israeli is not as keen on that thinking.

Speaker 9 (03:43):
Message that the UK government have sent Hamas was a
message up. The longer they continue this war, they will
be rewarded. I mean, you must understand what a terrorist
organization is thanking you that you are on the wrong
side of history.

Speaker 2 (03:59):
Yeah, they got a point, haven't they. Then the other
war where Zelenski's working hard not to be forgotten. He's
got a theory about Putin's drone incursions.

Speaker 7 (04:05):
He wanted to.

Speaker 10 (04:08):
See real reaction of Europe and I think that it
was not enough loud or loud enough and he didn't
see a real reactions.

Speaker 2 (04:19):
Finally, I'm not sure the new rule in college football
is working. They got the Big twelve director's vote at
fifteen to under penalize the home team if spectators throw
degree onto the field. Trouble came out of Texas Tech,
whose fans had been throwing to teas onto the field
for years. This weekend they did it three times against
the University of Kansas, so that now results in a
couple of fifteen yard penalties. But then there was a

(04:40):
pocket knife also got fun that had a member of
the Kansas staff. The coaches I right called the spectators
fake fans gms now pleading for them to throw the
stuff before the game so they can get on with it.
He is the world of ninety lecorn. You did you
miss that over the weekend. The bloke who quit last week,
he got the job back. I have no idea why.
Latsia James, she was the woman who took Trump to
call New York City was going to get her. He

(05:01):
got her. She got in dieted on Friday, so we'll
see where that goes. And small problem her mass has
said over the weekend that bloke Blair Tony London. There
is no way in the world he's going to be
running Gaza, so we'll see where that goes. Twelve past six.

Speaker 1 (05:19):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks Evy.

Speaker 2 (05:27):
Well, they gave your heads up last week, but an
attempt at coup is now underway in Madagascar. Members of
the Elite Army Unit have joined this youth led protest.
This is this is Nepaul two point zero. Basically, the
young people are on the streets. Gen Z Madagascar is
what they call themselves. It's been three weeks now that
this has been going on. Anyway, Andre Ragelina, who runs
the place quote unquote, wishes to inform the nation and

(05:48):
the international community that an attempt to seize power illegally
by force has been initiated. So we'll keep you posted.
Fifteen past from Jenner Rights Monday morning, Gregsmith, how are
you morning, to Mike, Well, thank you. They didn't like
what Trump said about rare rifts in China, or didn't
like what China did with rare effs, so sort of
all on again.

Speaker 11 (06:09):
Markets didn't like at all. So yeah, we have seen
similar barbs leading out to previous negotiations, so we have
to see where it's all something similar. But yeah, so
he's threatened tariffs of an additional one hundred percent over
what China currently plays, and that's in response to new
export controls that China's introduced on rare refs. He's also

(06:29):
threatened further stuff one critical software as well, and said
he might cancel the meeting with a Canapachi which is
due to take place at the SUM in a couple
of weeks time. So he said they've had a very
good relationship over the past six months. You could say
that's probably debatable and China suddenly become hostile, but we
did have that progress on TikTok. But yeah, it's all

(06:49):
around rear effs, real bargainship for China. They control around
about seventy percent of global supply of the stuff it's
used in high tech, which is obviously very important. And
they've also, as part of these controls, said that our
entities must obtain a license to get things that'll contain
more than point one percent of rarefs in the country
or use their IP So they said they're not afraid

(07:09):
of a trade war, did Chinese officials? They said that
this is all pretty normal, and that applications will be
considered as long as it does involve the military. They
also made the point in terms of the double standards,
that the US has an export ConTroll list as well
that covers more than three thousand items, and that's more
than three times what's on China's list. So by the by,
they also said they're going to start charging US ships

(07:31):
for docking. That might seem a bit harsh, but Washington's
already done the same thing.

Speaker 2 (07:35):
So tip for tap there.

Speaker 11 (07:36):
So the current terrior truce, might that expires on maybe
be nigh, So I think we'll see lots of jostling
for position before then.

Speaker 2 (07:43):
Okay, so we got the PMI Manufacturing and we're back
below fifty.

Speaker 11 (07:47):
Yeah, we're still in the doldrums. This is the Benz
Business New Zealand Performance and Manufacturing Index. So we went
back into contraction in August. We've stayed there in September
at forty nine point nine, so under the break even
fifty mark, just drugging get momentum. It would seem you
look at the quarter of the average for September and
the marginally higher than dune most subn disease were mixed

(08:08):
production that actually did bounce, but new orders that fell Benza.
They made the point that there is some cause for optimism.
We obviously had the QSBO last week and net thirty
one percent of manufacturers reported a lower output in the
last three months, but forty four percent expected to improve
in the next three months. So you clearly got a
gap might between what firms are seeing in the past

(08:30):
and their expectations of the future. They're getting a bit
more optimistic.

Speaker 2 (08:33):
Is that justified?

Speaker 11 (08:35):
Obviously, we'd particularly like to see some optimism in the
jobs market. The employment index for the PMI that fell
to forty seven and a half, so hiring tensions still
seem quite weak. But yeah, we did get that half
percent rightcout last week, didn't we So yeah, maybe we
get optimism build a bit more and it'll be interesting
to see what this looks like next month, and also
obviously with another potential quarter point cut coming in November

(08:57):
as well.

Speaker 2 (08:57):
All right, and what'll we make of course, So.

Speaker 11 (09:00):
Yeah, it's interesting, so obviously that Yeah, the government has
said that they are looking at considering the sale of
the security as they hold in course, rather than leading
them mature over next sort of five to ten years.
Of course itself isn't who bothered that shares were just
touched softness. This is part of the one point one
billion funding mechanism for the Altra fast boardbound boadbanch also rollout.

(09:21):
The government says this is overs has no need to
hold the shares. Also, I guess there's the point that
will free up around about six hundred and forty million dollars,
which is.

Speaker 7 (09:29):
The book value of the debt.

Speaker 2 (09:31):
Yeah, so it's going to free money.

Speaker 11 (09:32):
I guess the projects to talk about Budget twenty twenty six,
things at hospitals, schools and roads. And we've talked about
this before, Henry, so that government has seen no esset
sales during this term, but this is sort of getting
that way. So the question is whether this is the
starting point. We're going to infrastructure defisode of turn a
billion by twenty twenty eight net cround debt that's going
to be forty five percent of GDP. That's forty thousand

(09:53):
per person. They've already said last week the fifty one
percent stakes and electricity companies are off the table, but
plenty other things they could sell. Might You've got the
former Land Corps two billion dollar farming, portfolig and indied posts.
You've got qv then there's Transpound and oh there's sources
that that's staking in newsyanders in there fifty two percent
and what about kiwibank. So yeah, it could be an
interesting discussion on this in the run up to the election.

(10:16):
As of course there should be pretty strong demand, you
would think, maybe particularly for Massie super funds, so UNI
super that's a big one. They old thirteen and a
half percent. Of course sches at the moments they could
be interested, but yeah, of course they don't seem too
faced by good stuff.

Speaker 2 (10:31):
Numbers please.

Speaker 11 (10:32):
The adare was lowested down one point nine percent forty
five four seven nine is and P five hundred down
two point seven percent sixty five five to two. And
there's that down three point six percent two two two
zero fourth. This is all in reaction to Trump's comments.
Puts one hundred that was down point nine percent nine
four to two seven, Nike down one percent forty eight
zero eight eight, ASEX two hundred down point one percent,

(10:53):
Insied X fifty we were down point eight percent thirteen
four to six seven. Gold up around record high's up
forty dollars over four thou four eighteen one eight and
ounce oil down two dollars sixty one fifty eight spot ninety.
In the currencies, we were lower against the US fifty
seven point two against Austrain dollar actually picked up a bit,
up almost one percent, and eight point four British pound

(11:14):
forty two point nine. That was lower loe by one
point six percent against the end a six point five
this week. But going on, we've got the services data today,
We've got cards spending, food inflation, New Zealand, AGM's rights
and Genesis offshore. We've got China trade data, bit of inflation,
RBA minutes, and we'll we get a bunch of data
out of the US with duty of retail, sales, housing

(11:36):
and in the like. In that obviously the shutdown still gowns.
We'll see about that, but we will be getting call
to the UNIX. My lots coming, lots of big banks.
We've got Johnston Johnson, Taiwan Semiconductor and American Express.

Speaker 2 (11:47):
Go well, Greg Smith out of Generate Wealth and key
we sabers specialists. Forget gold. Silver's on a roll as well,
highest level in decades of seeing that as a safe haven.
We're sitting at fifty one dollars and twenty three. That's
us gone up seventy percent so far this year. In fact,
silver has gone up more than gold this year. So

(12:07):
if you think gold to hot ain't as hot as
silver six twenty one, you're a News Talks. It'd be.

Speaker 1 (12:16):
The Vice Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (12:21):
It be this is Metnyahu. A couple of moments ago.

Speaker 12 (12:25):
Wherever we fought, we won, but to the same degree.
I must say that the campaign has not ended. There
are many securityly challenges ahead of us. Some of our
enemies are trying to rehabilitate themselves in order to attack
us again. But we are on it, as we say, pasking.

Speaker 2 (12:49):
So who are these enemies? So what's going what's going
on here? What are we hearing from nit Nyahu? I
thought it was all peace and love and ready to
rock and roll tomorrow when the hostages come out. Mike,
what did Jared kush and a banker Trump have to
do with the Middle East? Well, the kushna has been
in the Middle East. He was an envoy for the
Middle East back in Trump one point. Oh, so he's
he's immersed in that particular world in him and Witkof

(13:10):
have done some very good work in the last couple
of days. That's pure nepotism and it smells like Therein
too represents Trump's business interest in the Rivi era of
the Middle East. What on earth would make you say that?
Sex twenty five.

Speaker 13 (13:23):
Trending now with chemist ware House great savings every.

Speaker 2 (13:28):
Day, Telly to look forward to. It comes from the
people who produce down to Abby. We've got a missing child.
Mom starts getting the blame for a secrets behind the scenes.

Speaker 14 (13:37):
Percent of the time when a child goes missing, it's
a misunderstanding between parents and parents. Nannie's but Mile has
been missing for nearly five hours now, it's not a misunderstanding.

Speaker 15 (13:53):
If anyone has any information, please we beg you come forward.

Speaker 2 (13:57):
Did you contact a publishing house if your.

Speaker 1 (14:00):
Current day are set by what you might say?

Speaker 13 (14:03):
Somebody you.

Speaker 7 (14:05):
Can we do anything for our kids, because that's our job.

Speaker 14 (14:09):
I'm going to need the name of everyone day. We
could have a connection to carry Fitch.

Speaker 16 (14:12):
You don't understand.

Speaker 15 (14:13):
It was just the people in this room.

Speaker 14 (14:16):
You know, I honestly didn't see this coming. Is nice
people killing you?

Speaker 2 (14:20):
Eachohn all her fault based on the book of the
same name. Sarah Snook is the mum. She shived from
succession of course to Coda Fannings and there as well.
Now this is a peacock and the problem with peacock
is we don't get peacock unless you get a VP.
And I don't know i'd go out and get a
VP and just to watch that. I mean i've I
had a VP in anyway, maybe I would. But nevertheless,
in general some of the better peacock stuff ends up

(14:42):
on the TV n Z Plus. Now we'll go back
to the ACC after the news. In a couple of moments,
we told you a bit about the how and how
reader's read. I mean, how many billions do they owe
the chief executive? Do they actually have a plan to
turn this around? More detail for you after the News,
which is next this Monday morning, the Mike Hosking.

Speaker 1 (15:00):
Breaks the newsmakers and the personalities, the big names talk
to make the Mic Hosking breakfast with Bailey's real Estate
finding the buyers others can't use togs edb.

Speaker 2 (15:13):
Believe for Israel more shortly with Richard Arnold twenty three
to seven. Back here for now, though, we return this
Monday morning to the plight of ACC. So we told
you Friday, they're on the whole to the tune of billions.
The annual deficits one point five billion total now thirteen
point eight billion. So what do you do about that?
Megan Main's the ACC chief executive and as with as
Megan morning, good morning mate. Is the one point five
billion it for annual deficits or we got more where

(15:35):
that came from? Do you think?

Speaker 17 (15:38):
Yeah, Mike, quare working really hard to you know, to
turn that performance around. And you know, last year I
spoke to you about a seven point two billion dollar deficit,
so clearly you know things are improving, but it's a
you know, it's a big ship to turn around, and
we've got a lot of work to do to make sure,
simply put, that you know that we're getting people rehabilitated faster,

(16:02):
that we're providing the right support to people, and that
we're not funding the things that aren't covered by ACC.
So they all make a difference.

Speaker 2 (16:11):
Is there a lot of that? What's the real issue?
Is it the levies that need to rise, is it
the return on investments you're not getting, or is it
just a lot of people lining up for a lot
of expensive treatment.

Speaker 17 (16:21):
So look at the mix of things, Mike, as you've
just called out, you know, our investment fund is performing
really well this year. We didn't have any of any
big court decisions that essentially expanded the boundary of what
we provide. But also, you know, we've been really focused
on improving rehabilitation, getting back to those basics, doing the

(16:45):
things in our control, but also working with providers to
make sure that we're not under or over servicing clients,
working with employers to keep people connected to work so
they get back to work sooner. It's there isn't one
silver bullet, it's every interaction every day by all of

(17:05):
our frontline client facing people.

Speaker 2 (17:08):
How much of the costs is simply cost plus accounting
people sending you a bigger bill.

Speaker 17 (17:14):
Oh look, Mike, you know we work really closely with
our providers to get the best value for money. You know,
the big driver is demand. You know, the costs have
gone up by more than inflation and more than population growth,
and so we're really focused, as I say, on just
getting the right things to the right people at the

(17:35):
right time.

Speaker 2 (17:36):
You're going to have to get the mental stuff the
mental health stuff off your books, and if you do,
does that actually change anything?

Speaker 18 (17:42):
Yeah?

Speaker 17 (17:43):
You know, our job is to implement and operationalize the legislation,
and so that's what we do. We've been working all
year to get ready to implement the operational changes that
came from that court decision last year. You know, it's
a big scheme. It's eight billion dollars a year that

(18:03):
is across all sorts of types of claims.

Speaker 2 (18:06):
Are you confident or not?

Speaker 17 (18:09):
I'm confident. I feel like, you know, it's a cliche,
back to basics, but it really is about getting back
to good case management, working differently with providers to make
sure we're getting the right level of support to people,
getting one to one case management to particularly people who
are off work, and getting weekly compensation to keep them

(18:32):
connected to work.

Speaker 15 (18:33):
We've got a lot more work.

Speaker 17 (18:34):
To do, but I know, you know, we've got a
big team who are working hard every day. They're committed
to that, and you know we're already seeing the improvements.
The first three months of this new financial year has
seen even more improvement and we've just got to stay
that course.

Speaker 2 (18:53):
All right, good to talk to you appreciate it and
I wish you well. Megan Mine, who's the ACC chief
executive Latuicia James I mentioned on the program she got
in Dieted on Friday. I think John Bolton's probably next.
Richard Arnold shortly nineteen.

Speaker 1 (19:06):
Two the Mike Hosking Breakfast Full Show podcast on iHeartRadio
powered by News.

Speaker 18 (19:12):
Talks A b.

Speaker 2 (19:14):
Now, I wish I'd done it sooner. That's the line
the RVDA team. You hear a lot from residents once
they've moved into their new retirement community. One of the
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Also a great time to visit visit a few of
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(19:35):
landscaped gardens. They're in full bloom at the moment. Some
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So you take the tour of a few of these
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at r Veda dot Co. Dot Zhsky wanted how long
it it take you, Mike? Truly a great Bathurst. Not
often that we get a car race that's an actual race,
but we certainly did this time. I cannot tell you

(20:19):
how monumental, magnificent and thrilling that race was yesterday, and
it was boring his batshit till about lap sixty eight
or nine, and the rain came and all hell broke loose,
and the most important thing of all was Matt Pain won.
And Matt Pain's only in his third season, and he
was teamed with Garth Tender, and the way he drove

(20:42):
and how he drove in certain circumstances has to be
seen to be believed. And you are an immortal. Once
you won Bathhurst, you are an immortal. And I wouldn't
be surprised, in fact, I'd be ropable he doesn't get
a nomination for the Hellberg six forty.

Speaker 13 (20:56):
Five International correspondence with NS and I am insurance peace
of mind for New Zealand business with Morning.

Speaker 2 (21:04):
What do Michael whin'sy leaving? Who's he actually meeting and
talking to?

Speaker 13 (21:07):
Do?

Speaker 16 (21:07):
We know it's going to leave shortly and the clock
is ticking on every count here.

Speaker 19 (21:11):
JD.

Speaker 16 (21:11):
Vans, the US Vice President, says the hostage is held
by Hamas, should be freed soon.

Speaker 20 (21:17):
He says this, well, it really should be any moment now.

Speaker 16 (21:21):
Knock on Wood says advance. The plan is that all
twenty of the remaining hostage is still alive would be
released together at one time by the Red Cross, then
transported to eight vehicles on route to medical assessments. They
want to make sure there are no military displays by
hamasas we've seen horribly before. As for the bodies of
the twenty eight hostages who are believed or have died in captivity,

(21:42):
they're still seen to be questioned. As Hamass claimed they
do not know the location of some of those victims.
At Hostage Square in Tel Aviv last night, trump Age
Steve Whitcoff and Trump's son in law Garret Kushner, appeared
in front of the crowd, which booed Israeli PM Netanyahu
when his was mentioned.

Speaker 2 (22:06):
That the scene.

Speaker 16 (22:08):
In contrast, Trump's name was cheered by that same crowd,
as Whitkoff spoke to them.

Speaker 4 (22:12):
Your courage and endurance inspired the world, and it was
your belief, joined with the bold leadership of my friend
and President of the United States Donald J. Trump, that
made this peace possible.

Speaker 16 (22:30):
So Trump will set out for a brief visit to
Israel and then Egypt. He will greet some of the
hostages and speak to the Israeli parliament. E Kanesse says
vance of the programming mind.

Speaker 20 (22:40):
That's why the President is going. That he will be
greeting the hostages. It's a monumental thing. It's great, of
course for their families.

Speaker 16 (22:47):
After that victory, lap three and a half our visit
in total, Trump will head to Shamil Shaik in Egypt
to meet with leaders of more than twenty countries to
discuss the next phase of the peace Hopes figures. Tens
of thousands of Powerstinians, as we've been seeing, have been
streaming into northern areas where they once had houses, only
to find now complete destruction and devastation, no homes, no water.

(23:09):
So many are turning back to who knows what kind
of future. That's the struggle for roughly two million gardens.
Israel has agreed to open five border crossings to let
food trucks into areas where there's been starvation. A mass
has not agreed to disarm, So this remains what tenuous process,
with Vance saying.

Speaker 20 (23:27):
We think that the Arab countries, the Muslim majority countries
are going to step up in a big way with
troops on the ground.

Speaker 16 (23:33):
Still all can see that recovery is going to take
years and years.

Speaker 2 (23:37):
Indeed, Letitia James Friday, John Bolton next we reckon.

Speaker 16 (23:41):
I am your retribution, Trump said right during his last campaign,
and he's following through. We've had those two criminal cases
on the unfolding Trump revenge tour, with former FBI director
James Cammi saying he's not guilty of lying to the
Congress New York's age and Leticia James saying she's innocent
of mortgage fraud. A former Trump national security advisor John Bolton,

(24:01):
as you were just suggesting, appears to be next in line.
Prosecutors have been finalizing details of a possible case against
Bolton after the FEDS raided his home seven weeks bank
and found some old documents might classified. Bolton claims he
did nothing inappropriate with classified records. He of course, served
as Trump's National security advisor in his first term, but
since he was fired in twenty nineteen, he has been

(24:22):
sharply at odds with Trump in medium appearances and in
his book, So batsy with politics right now, Mike peacemaking
them addle least battle lines at home.

Speaker 2 (24:31):
The strange business all right, might see you, and so
they appreciate it very much. He's gonna have to watch
this Trump because of course, Letitia James. I mean, it's
all very well taking people to court, but of course
the cases all fell over. So if he's taken cases
that fall over, he's got a reputation unless you bestn't
by the way completed, I told you about this last week. Argentina,
they've bought some paesos, but they've also rolled in with
the American dollars twenty billion dollars worth, so they've got

(24:52):
dreadful trouble in Argentina and Milay is very close, of course,
to Trump, so they're busy helping them out. And if
you think the shutdown's worrying most Americans, you'd be wrong,
because I'm reading over the weekend that University of Michigan
has been doing some polling on the mood of the nation.
Things are a bit doer as regards the mood of
the nation, seventh lowest level in terms of consumer sentiment

(25:13):
since nineteen fifty two. Anyway, the shutdown is not remotely
bothering them. It's all about the pocketbook. If it affects
your wallet, they're into it. If some bloke in Washington
doesn't go to work, they couldn't care less. Interviews reveal
little evidence that ongoing federal government shutdown has moved consumers
views of the economy thus far turn away from seven.

Speaker 1 (25:32):
The Mike Hosking Breakfast with the land Rover Defender and
US tomstad.

Speaker 2 (25:36):
B speaking of Poles bad knock after her stamp duty
speech last week at the Tories conference in Britain, would
she get nate point improvement? Is that a lot?

Speaker 18 (25:43):
Yes?

Speaker 2 (25:44):
She's still minus fourteen though, but it is the best
score so far this year. Not so good though, as
Susan Lay who just cannot get a break. There's a
poll out on her this morning, and she's just she's
tanking faster than tanking. There's actually another poll out that
I'll talk to Steve about later on immigration generally. OMG,
Mike Bathurst was brilliant those last few laps. Couldn't take

(26:05):
my eyes of the television. I'd heard Greg Murphy mentioned
pain earlier this week, so I've been watching him the
whole way. Yet Murphy'd be He's been mentoring Ryan when
Ryan Wood was leading and could well have won if
his car didn't stop working, which does tend to be
a problem. You should have seen his face just like
something blew up and you just it was the end
of his world. Mike, please think Piney if you cross paths.

(26:27):
He suggested on Friday that Paintander at seven dollars would
be a good bet. After practice six, they blew out
to twenty three. Now I'm six hundred and ninety dollars up.
Keith pine was irresponsible in offering those sort of odds
or suggesting too, Because here's what I know about Bathurst
as I watched that race yesterday. There is no way
in God's earth that you can pick anybody to win

(26:51):
that race. It is form is irrelevant. The top ten
shootout is completely and utterly irrelevant. You look at Kostecki,
he went round the better than ever. Everybody reminded me
of the twenty seventeen lap that McLachlan did. Kristecki was
there for all money, and yet as car blew up
and he ran it into the wall and someone went
up his back pipe and the whole thing was a disaster.
The number of things that happened in Bathhurst once the

(27:13):
rain starts and the cloud comes in at the top
of the mountain, literally anybody could win that race, so
that there are no odds. It's just sheer guess work.
I mean, I'm thrilled for you've got six hundred ninety dollars,
but I mean there's just no way in the world
that form has got anything to do with anything. Reynolds,
for goodness sake, David Reynolds came second. And who would
have thought that at the well Piney probably would. He

(27:35):
probably had odds all sorted out, and they're five minutes
away from seven B.

Speaker 1 (27:39):
The ins and the ouse. It's the Fiarz with business
fiber take your business productivity to the next level.

Speaker 2 (27:46):
Grocery supply numbers for you, Inframetrics tells the supply of
costs were up two point three percent for September, so
they've eased slightly, and that's got a little bit to
do with the old international dairy demand. We've had a
couple of those auctions go backwards in the last few months.
West noted the other week. Last week, we're still holding
at ten percent for the farm gate price, so that's encouraging,
but it is affecting food in a good way. I

(28:07):
guess bakery highest three point nine, so there's still a
bit of bery at play there. The chilled foods up
three point five, but the butter component of that is
down slightly. Seafood was the other big mover. Fish costs
in general have been a lot higher. Why it's happening.
They're using a lot of butter in the sea. Are

(28:27):
they're putting butter. They're putting butter, but they're putting yogurt
in the ocean the fisher're eating. It's suddenly become expensive.
Salmon particularly is up. Seafood supply costs are up three
point two percent. That's the fastest since mid year. Month
on month, just over thirty two hundred produced products were
increasing in cost thirty two hundred. Now that's more than
the average. The average over time is twenty eight hundred.

(28:48):
From an international standpoint, we can probably expect butchery costs
to go up. Meat prices are up globally six point
six percent. That's the fastest increase for all sects. So
that's play something. I got to tell your story, and
I have time to do it now, but your things
have not gone well for me. This morning. I got
up at one thirty, and you'll go, why would you
do that? And that's a very good question. But I

(29:08):
had a planned power outage at my place and the
trauma involved in that is extraordinary. And I don't ring
people very often because I don't like dealing with people,
and I find myself deflated and generally disappointed. You know,
when you go to ring somebody and you think that
might be able to help you, and that never that
almost never works out well. But I had some interface

(29:32):
with Victor on Friday, and Victor, it's not like can
go anywhere else because Victor a lines company, of course,
So what are you going to do? Go to somebody
who's got other lines. There's no other lines that Victor's
got you by the short and curlies. Anyway, I interfaced
with AI on Friday, and I can tell you if
their version of AI is our future, we are done for.

(29:53):
Tulip was her name? Well, when't I say her, wasn't
it her? It wasn't it? Tulip was its name? Anyway,
more later and we'll talk about the Fed Farmers and
the meat lay for you right after the news, which
is next.

Speaker 1 (30:05):
Credible, compelling the breakfast show you can't best. It's the
Mic Hosking Breakfast with a Vita Retirement Communities, Life your
Way News Togs.

Speaker 2 (30:14):
He'd be only seven past seven. Big news for our
climate targets as the government sets the twenty fifty methane
numbers at fourteen to twenty four percent, which is down
from twenty four to forty seven. Wayne Langford's the president
of Fed Farmers and is with us Wayne, Morning, Morning, Mike.
While we're on the numbers business. Out of ten, it's
perfect one, it's a disaster. What's your number?

Speaker 18 (30:33):
Oh?

Speaker 21 (30:33):
This sitting somewhere around seven or eight.

Speaker 2 (30:35):
Right, so it could be better, but you're not reasonably
happy well, I know.

Speaker 21 (30:39):
We were advocating for fourteen percent, but I can understand
why the government's had to say around twenty four percent.
So there is a bit of a range there. But
I'll tell you what it does. It gives us a
real clear direction of travel when it's that's good for
farmers to have that.

Speaker 2 (30:51):
How much of this is about politics versus how much
of it's an actual number or arrange that can be tangibly,
realistically achieved and therefore theoretically do something good for the planet.

Speaker 21 (31:03):
Well, I think that's the best thing about this is
it's actually a scientific number that's got to start that
we're heading towards compared to the ideal dealistic targets that
were previously in place. So that's good for farmers, it's
good for everyone. It's something that we can measuring, and
we are currently measuring, and we know that we're on
track to achieve. So ultimately, I think this is in

(31:23):
a much better place.

Speaker 2 (31:25):
It still plays into the business even if we achieve
the target. Fantastic. How does the world benefit? I mean,
this is the New Zealand first and enact argument, isn't it.
There will be lots of countries that don't even get
close to the target. The world isn't going to measurably
improve in any way, shape or form no matter what
we do. So therefore, how much do you want to
punish your farmer for?

Speaker 21 (31:41):
Yeah, and that's that's what it leads into. And what
I guess what it's also saying is that, hey, we're
really on track to achieve this. We're on a track
for farmers to not add to warming at all, which
is what they're asking us for. If we can do that,
if we can stay with un amongst the targets and
still keep our markets and everything else, then isn't that
a good thing? And I think that's what this announced
and is reflecting, and it's what we've been davocating for

(32:02):
for quite some time.

Speaker 2 (32:03):
The Prime Minister always runs the free trade argument that
these free trade deals these days have this you've got
to be doing your bit for Paris line and do
we still fit in comfortably in the trade? In other words,
you're not being affected adversely by us.

Speaker 21 (32:18):
We explored our ninety five percent of our milk products,
we explored ninety percent of our red mate products. We
are hugely dependent on trade. And what a consumer or
a customer overseas, it's asking for and so if this
is currently what they're asking for, hey, we've got to
live up to that. And that's what some of these
agreements are about. But at the same time, we can't
be going broke. I mean, we've been down We've been

(32:40):
down many rural towns in New Zealand. We've seen empty storefronts.
I know you're going to have the teachers on on
the show that today is tomorrow probably asking for more money.
Where do you think that comes from? That comes from
the agricultural sector. And we've got to make sure that
we're humming and not driving ourselves broke because hitting some
idealistic target won won't achieve that.

Speaker 2 (32:57):
Do you think you've got the country on board? Because
the Greens and the Labor disagree with you and they
disagree with this decision. Therefore it's potentially an election argument,
isn't it.

Speaker 18 (33:06):
Yeah?

Speaker 21 (33:06):
Quite disappointing. Probably that's the case, because they should be
in favor of this ranger. I mean that's what there
was an independent scientific panel that went and reviewed this,
that's what they came out with.

Speaker 18 (33:16):
They should be in and.

Speaker 21 (33:18):
In align with that to say to have them come
out kind of a roughly against it or saying that
our markets will be worried. Well, if the markets are worried,
then let the market take care of that. You know,
our processes want to say how you need to do
this or need to do that, then yeah, we'll get
amongst it. But setting an idealistic target that no one
can achieve that will destroy ural communities, that's not.

Speaker 18 (33:38):
What it's about.

Speaker 2 (33:39):
Good stuff waye appreciated Wayne Landfast, who's the presented of
Fed Farmers. There was a suggestion over the weekend that
New Zealand first would pull the trigger of the agree
to disagree part of it because they're particularly agreed with
what's going on. So they didn't because I think we
might have got them across the line. But anyway, more
with the Prime Minister run after seven to thirty this morning,
eleven past sevensk right, so what a weird old business.

(33:59):
Then local body vote turned out to be as we
sit here this morning, turnout has been thirty two percent,
which is down from last time. Are the mara ward
part of the equation twenty five of them scrap seventeen
retains Sam Broughton as the President of Local Government. New
Zealand and is with us Sam, morning.

Speaker 10 (34:13):
To you.

Speaker 18 (34:15):
Good money mate?

Speaker 2 (34:16):
Any escaping that this gets worse every time we have
a crack at democracy. It just gets more and more embarrassing.

Speaker 22 (34:22):
It's hard, isn't it. It's a very very low turnout again,
and we've been raising this with the government. Now we've
come up with some recommendations that we urgently need to
be implemented by the next election because your democracy deserves
better than this sort of turnout.

Speaker 2 (34:35):
What is a good turnout in your personal view? What
would make it credible?

Speaker 22 (34:41):
Well, we want to be above faithy, don't we. We
want to think about as close to one hundred percent
as we can, but we want people to participate. Some
may choose not to. But if we look at central
government elections, you know, nearly getting double to turnout, and
I think we should expect that for our local government
elections too.

Speaker 2 (34:54):
From your body's point of view, what do you make
it's a move to the right in general and people
who slapped on rate increases got punished. Is that fear?

Speaker 18 (35:03):
Yeah?

Speaker 22 (35:03):
I think the cost of living that everyone's feeling the
pinch of at the moment, and the situation that councils
are in with rising costs and few funding levers other
than rates. Certainly means that people have you looked at
those rates increases and I think that has been been
influential on these outcomes year.

Speaker 2 (35:19):
Is your story an example of them?

Speaker 22 (35:22):
Yeah, I think certainly had larger than everydrects increases in
the last couple of years. So you have to ask
people individually why they voted the way they did, But
I think that's part of the story here.

Speaker 2 (35:30):
Yes, and when you put those rate increases on for
your area, did you go, JESU, this could cost me,
but it's worth it to me. Is that how that worked?

Speaker 18 (35:38):
Yeah?

Speaker 22 (35:38):
You always know that it's going to hurt and that
might take a personal toll, but it's the right thing
to do for me. It's saying, we've got this long
term infrastructure that needs to last thirty to fifty to
eighty years. We can't just keep passing the costs on
to our children. So yeah, that was part of my
decision making this as we set that stuff up for
the future of our district.

Speaker 2 (35:57):
And what about the mari wards twenty five scrap teen retained,
does that tell us anything?

Speaker 18 (36:02):
Well?

Speaker 22 (36:04):
Aljain Z's position was that you know, we should be
treating all wards equally, and we didn't have referendum on
rural wards or at large wards, but we have on
Maori wards and we've got the outcome now. So we'll
work with our elected members to make sure we support
everyone to get up to speed as they serve their
communities through.

Speaker 18 (36:20):
The next three years.

Speaker 22 (36:20):
And also those that are facing the end of the
Maori ward will particularly spot them through to Motawata.

Speaker 2 (36:25):
Good stuff. Nice to talk to you, Sam, Sam Broughton
who was the prison local government New Zealand. He was
a mayor, of course, if you didn't realize and lost
his seat thirteen minutes past. I'm asking, what do you reckon?
I'm Rina now Tony Alexander, this business of the mortgage rates?
Where are we at? He reckons five years four nine
nine is as good as it's going to get. And
he calls himself a conservative operator, a conservative borrower. And

(36:48):
at four nine nine, he reckons it's as good as
it gets, and he'd lock it up at four nine
nine for five years. If I were borrowing at the moment,
I would personally be quite happy to fix five years
just below five percent. I disagree with them, But then again,
you know each to their own mind. You I disagree
with Jason Pine on the odds for old Maddy paint

(37:09):
so having a bad morning of it so far. Fourteen
past the Mike Asking Breakfast Full Show podcast on iHeartRadio
powered by News Talks at be Mike, Tony Alexander's one
hundred percent right here is the best economist in New Zealand?
Or ight Glynn will lock it up? Four point ninety
nine it is Mike. Wayne sounded a fair bit like
fred Daek. Isn't that like all farmers sound like fred

(37:29):
dag Isn't it? Isn't that basically what marks you out
as a farmer. Also, by the way, Wayne said we'd
be having the teachers on today or tomorrow, asking well,
we are not having the teachers on today or tomorrow.
We're not covering the strike. We have banned all coverage
of strikes on this particular program. Seventeen past seven. Potential
good news for you mums are we're going to have
allegedly a three day post natal hospital stay which builds

(37:50):
on the already funded forty eight hours stay. So what
happens here, Allison Eddie is the College of midwife CEO
and is with us Allison morning.

Speaker 15 (37:57):
Good morning.

Speaker 2 (37:57):
Would we do three easily? Could we do free easily?
Or not?

Speaker 11 (38:01):
Not?

Speaker 15 (38:02):
With the resources in the current system, No, it's going
to be a bit of a job to get this
over the line.

Speaker 2 (38:07):
So if I just gave you money, does that solve it?
Or do you need facilities and places to be? So
it's a bit more complicated than the money.

Speaker 15 (38:15):
Absolutely, we need the beds, the actual physical beds, and
we need more staff nor midwives, which is not really
they're not flushing the system at the moment, so there's
quite a few constraints there. And yeah, that's our biggest
concern is that the system won't have the capacity to
deliver this. And yeah, we've got great intentions and we

(38:35):
really really welcome the focus on woman health, on new
mums and their needs post nationally, but we need resourcing
to back up the good intentions and they're not Those
resources are not going to be easy to.

Speaker 2 (38:46):
Find, Okay, So let me come back to that in
just a moment. The three day thing is that like
the international norm, is there a norm of three day
brilliant or average or good or what?

Speaker 15 (38:54):
No, there isn't really a norm I think, you know,
really back in the day it used to be ten days.
I mean, it was sort of ridiculous when you think
about it now. But we do have a post natal
care system in the home here in New Zealand because
almost every woman does have and mid wife that has
been caring for them during pregnancy, that knows them, that
comes and visits them in their homes after birth up
to six weeks afterwards, and that is quite unique many

(39:16):
parts that we don't have that sort of post natal
follow up care. In some places all you get is
a phone call or you might get one or two visits.
But we do have a very well resourced community based
system for post natal care. So yeah, that needs to
be put into the mix as well.

Speaker 2 (39:31):
Right, So back to the funding. So when the governan
says they're seeking further advice, your advice would be we
need more people and we need more facilities. I'm assuming
they know this, don't they.

Speaker 15 (39:40):
Well, they have done some work and you know they
used tomat it. That could be you know, yeah, they've
done some work to look at it. But I'm really
in a bit of a bit of a loss to
know how get how this is going to be implemented.

Speaker 2 (39:52):
All right, well let's wait and see what happens to
Elis appreciate it, Alison Eddi, who's the College of Midwife? Cee?
Can I give you some more good news? Commercial real
estate seems to be the first half of this year
sales momentum. It's going just jll who do this? So
the outlook remains constructive, supported by converging positive fundamentals. This
is all good. Looks like a good place to invest

(40:13):
given accommodative government policies, falling interest rates and yield returns.
Wait till you get to the best. But Auckland in
particular offered prime industrial investment opportunities at superior yields to Australia.
There you go. So twenty five and twenty four recovery
demonstrated a healthy base for continued value and volume growth

(40:33):
and more sustainable market dynamic. Auckland industrials vacancy is at
two point eight, which is tighter than Sydney at four
point four, Melbourn at five point three, Brisbon at four
point seven. You can't get a place for love Normale here.
You can on Australia. Why because they suck a New
Zealand real retail also expected to see some improvement shopping
centers in large format retailer underlying residience. So that's your flickers,

(40:56):
isn't it's as a that's a bud, that's a seed.
That's a flicker, that's as a growth. It's hope, it's life,
it's marble. Yeah, it's all about seven.

Speaker 1 (41:07):
The mic Asking Breakfast Full Show podcast on iHeart Radio
pw it by News Talks it be.

Speaker 2 (41:15):
Omega three is from fish oil, of course, fantastic for
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valued at over one hundred dollars. Goodness sake. Read the
label and take only as director. But it's all good.

(42:19):
From About Health Tasking HID seven twenty four an insight,
possible hope actually out of the government's move on young
people and the jobless seeker rules they announced last week. Now,
as part of the media's coverage in reaction to the move,
we got the usual parade of headlines about there being
one no jobs and to the people who had applied
for hundreds. In fact, one story had a person who
had applied for thousands of roles without success. Now, firstly,

(42:43):
I don't believe for one second that anyone applied for
thousands of jobs. That's the sort of hyperbolic bs that
muddies the waters and distracts from the real issue. Too
many people who apply for lots of jobs are doing it,
of course, in a machine gun sort of way. They
apply for literally everything. It doesn't matter what it is,
whether they got the skills for the job or not.
They simply click. This is not to say jobs aren't
tight and there aren't employers. You see a lot of applications,

(43:05):
but an application is not automatically a right fit for
the gap going. It's admin it's paperwork and nothing more.
And if you're applying for everything, you're wasting your time.
Second thing, and this is the hope bit. Is it
possible that we might just learn a larger lesson out
of all of this, And that is if life on
welfare isn't an option and in a tight economy jobs

(43:25):
are hard to find. Could the lesson be that you
just might want to stay at school a bit longer
and actually get some skills. Is it possible you might
want to work out just what it is you like
and want to do, as parents might be want to
spend a bit of time offering some help and guidance
around ideas and pathways. Seems a remarkable thing that we

(43:46):
have this infrastructure called education where you spend literally years
and you can one leave early, two possibly not turn
up much at all, Three turn up but do little
of anything. Four at no time in all those years,
have any idea what you might like to do for
the rest of your life. The vulnerable you see are
always going to be the first casualties of weak economies.

(44:07):
The answer has never been to offer them free money,
to ask about waiting for the boom times to come.
It's a collective embarrassment, the schools that watch them all
those years go nowhere, the parents who didn't instill the
desire to be somebody, and the state who thought money
for nothing sold anything. Osking like Tony Alexander's got a
terrible track record on his British Oh, for goodness sake,

(44:27):
give a moment ago you telling me he's a number
one economist. Now he's got a terrible trick. Rich, I
don't believe who to believe, Mike, One of our children
took Tony Alexander's advice nearly five years ago, fixed at
two nine night. It's been great. Theregre two to one.
Tony one's Mike, I am sure. I read over the
weekend that Nesleigh had withdrawn from the Global Dairy Methanection Alliance. Debbi,
you did, that's not actually news in New Zealand got

(44:47):
in there early and they were very good, and I'm
proud of being in New Zealand. On that they said, look,
we'd like to do this, but the reality is we can't.
It's not real and therefore we would be deluding ourselves
and therefore deluding you if we simply carried on pretending
we could do something we can't. So they pulled out
ages ago and there. It's just it's all part of
the global slowly but surely implosion as reality Trump's at

(45:11):
last theory. Right sport after eight we got the Canterbury
this MPC thing that I mean, they're going to be
in the semi finals and they'll win the semi final
and they'll go to the final and they win the
whole thing. So there's no mistake there. They'll win the MPC,
but they don't seem to be quite as good as
they used to be. We'll get into the commentary Boxer
after wake this morning meantime news is.

Speaker 1 (45:32):
Next no fluff just facts and fierce debate. The Mic
Hosking breakfast with the land Rover defender embraced the impossible
news togs he'd been three.

Speaker 2 (45:44):
Minutes away from eight. It is a Monday sport that
Jason Plane and Andrews several mentime the year Prime ministers
in the studio with us. Good to see you can
see tea Mike, Now the methane targets. Were you not
there yesterday behind the wooden stump on the farm because
you were fearful that the Greens would come after you?
So you see Todd and go out. No, there was
a lot of people involved in that.

Speaker 8 (46:02):
We had good industry support as well, and obviously we've
got ministers from all the different political parties that have
got agricultural responsibilities there as well. But look, I'm really
pleased with that decision. That's something we've been working on
for a while. We said in the campaign as national
that we would go off and look at that. It's
appropriate that we do. Here's the deal. We are the
most carbon efficient farmers in the world. We are the
most productive farmers in the world, and the previous model

(46:24):
of just sending that production off shore just makes greenhouse
gas emissions worse and makes kiyis poor. And I think
we've got to a very very sensible practical place.

Speaker 2 (46:31):
Okay, does it affect us in nyashape or form with
the trade agreements we've already signed that.

Speaker 8 (46:36):
No, no, no, this is us saying, look, we're on
track for net zero twenty fifty. If that reports, we
could do it anywhere up to six years early, but
within the separate target, which was about methane, which was when.

Speaker 7 (46:48):
The legislation was created. We've always said we'd review.

Speaker 8 (46:50):
That based off the science that we see, lots of
different advice, and we've got to a place a range
of fourteen to twenty four percent reduction over the twenty
seventeen levels by twenty twenty five.

Speaker 2 (46:59):
Do you think this comes out? Do you think people
then understand because of what the farmer's been arguing the
whole time, Methane is different. It's not just in that
whole big basket of Paris. Let's save the world. Methane
is a different gas. Yeah, we need to understand.

Speaker 8 (47:11):
But what's actually been happening is the success of New
Zealand farming over one hundred and fifty years.

Speaker 7 (47:15):
You know, we shouldn't be as.

Speaker 8 (47:16):
Successful as we are in the world, but we are
because our guys keep adopting a whole hepotechnology and innovation,
and it's the same on this. They've actually been making
big improvements on breeding and genetics. On breeding they've been
making you know, there's actually other innovation that's coming. It's
going to be here in the next year or two
that's going to make a big difference to methane emission,
so you can actually lower your emissions and increase productivity

(47:38):
I believe for New Zealand farming going forward from here.

Speaker 2 (47:40):
Is the attention within the coalition at the moment over
Paris in general. That will play out next year in
the election campaign.

Speaker 8 (47:47):
Well, parties may have their own views on it, but
as you've said, the government possession, which is all three
parties in coalition, have said no, no, this makes sense
for us to stay in Paris because you know, otherwise
it's countries that we compete with in large multinationalsing our
products out and that's not something we're up for. It
just makes us poorous, So I think everyone understands that.

Speaker 2 (48:04):
But we'll act, for example, campaign on getting out of it,
because they've already stated they want to get out of it.
So how badly are you holding them in here just
for them to wait to twenty twenty six?

Speaker 18 (48:14):
Yeah?

Speaker 8 (48:14):
No, I mean, I mean they may well form their
own party positions and I'll take that to the next
I don't know what they'll do, to be honest, I'm
just saying from a national point of view, and more
importantly from a coalition government point of view, coming out
of Paris would be really dumb for us. It would
hurt us and that's not the wold. Make keys poor
and that's not good. So I'm not punishing our farm
as we genuinely are going to meet those You know,
We're in Paris for a reason, which is there's four

(48:36):
countries that aren't currently and it helps us a lot
set our products.

Speaker 2 (48:40):
Is there any point in asking you about the local
body elections given they were an a mitigated disaster.

Speaker 8 (48:45):
Yeah, we'll turn out what was pretty low, wasn't it?
And I think you know what you saw there was.
I think there's two bits to it. One is candidates
have to be compelling and they have to have to
excite voters to actually have a vision of what they
wanted to achieve, what they want to do. The second
thing is that you Islanders, you know, the voters themselves.
I mean, if you don't vote, then you can't complain.
And you know rates of gobon up twelve point seven percent.

(49:06):
So I mean, if you feel strongly about an issue
like that, well you need to shar up and actually
vote and participate.

Speaker 2 (49:10):
But no one's doing anything about this, are they? Between
now and the next local body elections? No one's going
to change anything. Well, now we've got a system. It's
as simple as register and vote. You know, people say
to me, Chris, can you go off and do computerized voting.
We can look at a whole bunch of things. Local
government zone should definitely look.

Speaker 8 (49:24):
At all of that. But the upshot is, look, we've
got a system that works. Just try to get also
and do it.

Speaker 2 (49:29):
Do you read anything into the trend? Broadly speaking, there's
a move to the right, and broadly speaking, those who
whack big rates on lost.

Speaker 7 (49:37):
Yeah, well I think that's really important.

Speaker 8 (49:39):
I mean, you know, when you don't have council's focus
on the basis as we've talked about, and those that
ran up massive rate increases, I saw that too, that
have been punished. I think that's you know, that's a
good thing. I mean, if you care about your rates,
then you care about what's going on in your city.

Speaker 7 (49:51):
Should you should vote? And that's what's happened.

Speaker 2 (49:53):
Okay, Chorus, how real How realistic are you about this? Yeah?

Speaker 8 (49:57):
I'm quite excited by it because it actually frees up
one point one billion dollars that we get to invest
elsewhere in the economy. And you know, I saw a
labor come out and say, oh, it's an asset sale
and I thought, yeah, you know, they're economically illiterate and
done as a bag of Ham's frankly, because if you
can't distinguish the difference between debt and equity, which is
a pretty basic thing. This is a company that's on
the New Zealand Stock Exchange. We don't own any of it.

(50:17):
It's just that we loan the money while we were
actually rolling out ultra fast broadband that's now finished. We
can sell that debt security to somebody else who gets
repaid by Chorus and one point them we go use
one point one billion dollars of that.

Speaker 7 (50:30):
So you're going to do it well.

Speaker 8 (50:31):
I mean I'd like us to. We're exploring it. See
whether we've got to find someone who can actually wants
to cut it to Mark will be full of people.
But I think it's a really good thing and sensible.

Speaker 2 (50:40):
Right, So are you going to do it? When you're
going to do We're trying to We're trying to do it, Okay,
so it's on. We're set to go and put it
on a quarterly plan so much. Well, I don't even
give you those So as soon as you can find
somebody to take that, you'll take it. And it's it's money,
it's yeah. Look, I think it's really sensible, no brain.

Speaker 8 (50:56):
And the other question for me is then, well, well
it's basically what's called balance sheet laziness, and you've got
to make sure that you're using you know that we
haven't got lazy balance sheets across the other government, cross government.
The question is is there other similar things?

Speaker 2 (51:11):
Question? So, are you differentiating between the fact that's debt
versus selling you're fifty percent of Near New Zealand for example.

Speaker 7 (51:19):
Yeah, noting asset sales this term, But.

Speaker 2 (51:25):
Are you going to be campaigning on asset sales?

Speaker 7 (51:26):
Well, we haven't made a decision yet. No, we haven't
made a decision.

Speaker 8 (51:30):
We've got it well, a long way to go for
the elext money two thirds of the way through the term, Mike,
So we've got plenty of time to think about it.

Speaker 2 (51:36):
Are you favored or leaning towards the idea that you
could campaign on asset sales?

Speaker 18 (51:41):
Oh?

Speaker 8 (51:41):
Look, haven't haven't really, we haven't discussed it. We've got
so much.

Speaker 7 (51:44):
Focus, you know, you must be like every day.

Speaker 8 (51:47):
We go into that joints and there stuff to sort
out and clean up. That's been the last set of
thinking about.

Speaker 2 (51:51):
So you've thought about chorus, but you haven't thought about
the possibility because you've got a moment ago. You're excited
about you one point something, But I am super a
good wh aren't you excited about the billions you could
get from I'm just looking at the balance sheets the
Crown entities and just saying that there must be you
are we using it a balance sheet as efficiently as
it possibly can be?

Speaker 8 (52:10):
Or have we got cash tied up that can actually
be released to do other things?

Speaker 2 (52:13):
Okay, what were you spend it on?

Speaker 18 (52:15):
Look?

Speaker 8 (52:16):
Is the heap of stuff. We've got a mass amount
of infrastructure we've got to get built. We've got a
huge amount of roads to get delivered. There'll be one
place to think about.

Speaker 2 (52:22):
Wouldn't want to pay off any debt at all, or
we might pay a little bit of debt, but a debt.

Speaker 8 (52:28):
But I actually probably you know, the capital investment would
be something that would be really productive.

Speaker 7 (52:32):
Don't come use for that money.

Speaker 2 (52:34):
The advertising bill. Most people won't know what happened to here,
but the house ran out of time or got closed
down the other night. So the bill was up on
advertising on Sundays for radio and stuff like that, and
you guys ran out of time. Now, it's not the
most important thing in the world. But what it does
tell me and remind me of is what I tell
you every time you come into the studio is open
the place up more often and actually get some business done,

(52:56):
and then you wouldn't run out of time and close
it down.

Speaker 8 (52:58):
Says the man that's on holiday for what first November
to like first of April isn't or something.

Speaker 2 (53:02):
I'm not running the country, But yeah, I mean, do
you know does the Parliament need to be more open
to do more stuff?

Speaker 8 (53:08):
Well, I just say we have put the parliament to
what's called urgency a lot, probably used it the most
since the early eighties because we've got a lot of
stuff to get done on that one. That was a
bit weird and as to what actually happened there around
proxy votes that were recognized in the first reading and
the second reading, but they're not their Labor appealed and
then it.

Speaker 7 (53:26):
Was the votes deferred until Tuesday, so when the next
sitting day is.

Speaker 8 (53:29):
But the weird thing about that one was Labor actually
supports that bill and then actually challenged it and then
delayed the vote on that, which was a bit silly.

Speaker 2 (53:36):
So okay, but it will pass though. Yeah, we'll pass
on Tuesday.

Speaker 17 (53:39):
Yeah.

Speaker 2 (53:39):
Fontierra and does Peter, I know you're in a fan
of in favor of Volontierra selling their commercial but Peter's
makes a not on reasonable point, doesn't he? NL.

Speaker 7 (53:47):
I mean, I just don't think farmers need politicians telling them.

Speaker 2 (53:49):
What to do.

Speaker 7 (53:49):
They had a guts full of that that's happened over
the last six years.

Speaker 18 (53:53):
Yep.

Speaker 7 (53:53):
I've got a different view, which is that.

Speaker 8 (53:55):
Having worked in a big consumer goods company for eighteen years,
the margins on food service and ingredients and selling business
to business are so much greater than business to consumer
and selling consumer brands around the world. How come La
tylers don't see it that way. Well, that could the
same as what dear call businesses and consumer business. But
what Fonterras discovered and why Fonterra is doing incredibly well,

(54:16):
and Myles Harrel deserves tremendous credit and that team for
refocusing that company after it lost focus I felt for
a decade or so, is actually on saying actually we
can sell ambient whipping cream that is devised and our
research and development leaves is unique and can be stored
at ambient temperatures and sent off to thousands, if not
millions of Korean bakers, and that is a much better
business that generates better margins and returns that goes back

(54:38):
to the farmer shareholder. So I just have a different
view on that. I just think that's a really smart
move in a very good use of capital and an investment.

Speaker 2 (54:46):
Did you say or how many times did you say
to Lawrence Wong, I really wish I was like you? Lawrence?
How many times did you say I wish we were
more like Singapore?

Speaker 7 (54:56):
Well, I love Singapore.

Speaker 8 (54:57):
I must have been in my early twenties, and I
like Leekorn news Singapore story third world to first world
but we had a great three and a half hour
private dinner actually at home, just the two of us
and at your place, at my house.

Speaker 2 (55:09):
Yeah, and it was you get catering in for that.

Speaker 18 (55:11):
Yeah.

Speaker 8 (55:12):
Tony still very kindly came by and at a time. Yeah,
he's a top man. He does a great job. So
it was just no security, guys. It was just the
two of us and now and Tony and it was
great and and yeah, like Singapore is a fantastic example
of what's achievable when you focus on management. But you know,
he did say to me, he said he goes to
parliament once or twice a month, and I thought, yeah,

(55:32):
that's us.

Speaker 7 (55:34):
He can run the country.

Speaker 2 (55:35):
As a result, did Tony clean up the kitchen afterwards?

Speaker 8 (55:37):
Between Tony and myself, we cleaned it up beautifully. Amanda's
due back tomorrow, so hopefully she'll be a.

Speaker 2 (55:42):
Lawrence do did he wait in the lounge? Wi clean?

Speaker 7 (55:45):
We carried some plates over.

Speaker 2 (55:46):
It was good. That's good to see how diplomacy's done.
Nice to see you appreciated. Prime Minister Christopher Leux and
thirteen to.

Speaker 1 (55:54):
The My Hosking Breakfast Full Show podcast on iHeartRadio powered
by News talks, it'd be.

Speaker 2 (56:01):
I don't want to make the road cones story. So
the road cone tip line is being well, they're having
a look at it. This is Brook van Belden's and
bench and eight hundred complaints but only two hundred road
cones moved. But if you actually read the story, the
MZTA in Auckland Transport, who are two of the biggest
road cone users in the country, say they didn't know
how many cones have been removed, So how can they

(56:21):
say there's only two hundred. This came from the Greens apparently,
and the media ran with it saying two hundred cones.
But when you get down to the NZTA in the
Auckland Transport part, they don't know how many cones. So
I don't know whether this is good, bad or in different.
By the way, my good economic news of the weekend.
On Friday on the program, I mentioned our old mate Matt,
who's the picture hanger, and years ago when we started

(56:44):
hiring Matt to come around and hang our pictures, everyone
made fun of us because no one hired anybody to
come around to hang up pictures anyway. Matt, of course,
once I mentioned this on Friday, everyone started ringing Matt,
and so Matt got like inundated with people, and so
he texted me yesterday to thank me very much and said,
I know you like good news stories. To tell you
our revenue. Now he employs multiple people these days, so

(57:07):
it's not just Matt anymore. He was a one man band.
Now he employs multiple people. And he was telling me
via text over the weekend. He said, for the last
eight months in a row, in other words, in the
middle of a cost of living crisis twenty twenty five,
New Zealand styles for the last eight months in a row,
his revenue has increased. So you cannot tell me that
there aren't people out there with money to hire people
to hang pictures. So it's a good news story.

Speaker 1 (57:29):
Eight to eight, the Mike asking breakfast with Bailey's real
estate news talks.

Speaker 18 (57:34):
There'd be coming up.

Speaker 2 (57:35):
Five minutes away from it. What I'd like you to
do today is ring vector, ring vector, and Tulip will
answer the phone. So this morning, I got out of
bed at one thirty this morning, which is now earlier
than normal. The reason I got out of bed and
now earlier the normal is because we had a planned outage.
I wanted to ring vector on Friday to check that
the planned outage was actually going to happen, because last

(57:55):
time the planned outage was going to happen, it didn't happen,
and they didn't tell me. So I ring them up
on Friday and tulip Ants is the phone, and Culip's
a and says, hello, I am Tulip. I can understand you.
And she goes, how can I help? And I said,
planned outages and she comes back and goes, there are
no outages, and I went, no planned outages, there are

(58:18):
no outages. So at this particular point, I so put
me through to a human and then I get put
through to the answer phone, which goes, we would like
to know what you thought of Tulip between one and seven,
seven being very good, one being a disaster. I hit two,
leave it after the beef. I hit two two hash.
Then it goes boom boom. We're very disturbed to hear

(58:41):
that you've only rated Tulip a two. What appears to
be the problem. And I said, I prefer to deal
with a human being, not a robot, and they went
goodbye and hung up on me. So then I rang
back Tulip and went through the same exercise again and
got nowhere. Eventually I got to a human being, which
was debatable as to with the human being was better
than tulip, because you know those human beings you end

(59:03):
up dealing with who there's nothing wrong with them. She
was pleasant enough, But you know those human beings and
telecom centers who you know that they're not going to
help you. You know they hate their job that they're
not going to When I say, can I talk to
a supervisor? There's no one here at the moment, and
you know that's not true, but they're going to tell
you there's no one here at the moment and they
have no information. I said, all I want to know

(59:24):
is is this going ahead or not? If it says
it's going ahead, it is, I said, Well, last time
it didn't, Well you'll be notified. Well last time I
wasn't notified. I'm sorry, I can't help you. There's nobody
else here. So the whole thing was just a complete cluster.
So I end up freaking out and getting up at
one thirty in the morning to beat the power going
off at two so I can have a shower and
have a coffee. Next problem, I walk into the kitchen.

(59:45):
What's broken the coffee machine? The water's come out at
the bottom of it. It's freezing cold. I can't even
have a coffee. It's one thirty in the morning and
I can't even have a coffee yet. I did Tulip
manage to break your coffee machine? By Remote Cotrell for
a good question.

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

Speaker 3 (01:00:10):
Spru room.

Speaker 19 (01:00:12):
It is no wrong, no one car that is.

Speaker 13 (01:00:19):
Came.

Speaker 2 (01:00:20):
I'm coming saies next week.

Speaker 19 (01:00:25):
That is full time.

Speaker 23 (01:00:27):
The bay of plenty steamers are into the semis on
the Bunnings in PC.

Speaker 18 (01:00:32):
That a careful but I'll be pull way.

Speaker 24 (01:00:35):
That'll go ahead with the fifteenth one.

Speaker 23 (01:00:38):
I'm the visitor's cutting up and they'll take out the
pit quarter final if they did one hundred minutes.

Speaker 2 (01:00:44):
But Janeedary punched the ticket and the budding sipc A
semi final and.

Speaker 18 (01:00:49):
The victory five cards one crowds and belong.

Speaker 13 (01:00:55):
God come.

Speaker 11 (01:01:04):
Wow.

Speaker 1 (01:01:04):
Some Monday morning commentary barks with Spears Finance Smart Asset
and Equipment Finance for Kiwi Businesses.

Speaker 2 (01:01:11):
Andrew Saviles with us Morning MATEO Morning make along with
Jason Pine.

Speaker 24 (01:01:16):
Morning to you Piney, Good morning Mike.

Speaker 2 (01:01:19):
Very very disturbed about your odds on the Bathhurst. You
have listened to somebody earlier on texting me said that
one thousands off you it was all good. How do you,
honestly hand on heart? Did you see the race yesterday?

Speaker 24 (01:01:32):
Absolutely? I was glued to it, absolutely glued to it.

Speaker 2 (01:01:35):
There is no way you could tell me that Payne
was going to win that before the race started. You
could say is he in with the chance yes? Is
he a good driver yes? Has he got some form yes?
But given what happens on a rainy day, you could
not possibly have known he was going to win.

Speaker 25 (01:01:50):
Him No, No, impossible, impossible to predict the storylines at
bathtist anyway, even on a good day. But on a
day like yesterday, gee, I mean it was I think
the best sporting theater I have seen in a long
long time. And you know, for Matt Pain to come
through and win it as a key we obviously was amazing.
But some of the cut and trust and the and

(01:02:14):
the wheel to wheel action and the the rain and
the treacherous conditions and the broadcast coverage as well. Gee,
I mean it's absolutely compelling stuff. But you're right, Mike,
there's no way from what he was eighteenth on the grid,
Matt Pain, he wouldn't be putting a lot of money
on him, but there he was. Garth Tender as well,
off Horse's co driver. Look, just just remarkable stuff.

Speaker 2 (01:02:35):
Andrew are you in.

Speaker 19 (01:02:36):
The inn Mic? It doesn't really matter where you qualifying
a race.

Speaker 2 (01:02:39):
That's exactly right.

Speaker 23 (01:02:42):
Look, i'd have to say, yes, we've had winners and
if one, yes we've had a long time ago.

Speaker 19 (01:02:48):
Yes we've had winners across the years of Lamon. But
that would have to be one of the great.

Speaker 23 (01:02:53):
Would have to be one of the great New Zealand
motor racing drives of all time, wouldn't it?

Speaker 19 (01:02:58):
In the condition I said, he.

Speaker 2 (01:03:00):
He's got to have a Hellberg nomination, doesn't he surely.

Speaker 24 (01:03:06):
As well?

Speaker 25 (01:03:07):
I mean, yeah, incredible And just to hold his nerve
what is he twenty three? I know the young these guys,
but to hold his nerve in the I mean, you
know it's hard enough to drive on the motorway here
on Wellington when it's raining, you know, and you've normally
gone about seventy k. These guys are up to two
hundred k in the wet, in the misty cloud at
the top of Mount Panorama.

Speaker 24 (01:03:28):
You know, huge pressure to hold your nerve. It's just
remarkable that move.

Speaker 23 (01:03:33):
He made at the end of the straight when he
went off. He eventually went off, but that moved to
go on the inside. There were three cars altogether. The
third place guy was up there, Jacksi's of the first two.
That was just extraordinary. Talk about written determination, and.

Speaker 2 (01:03:51):
I think they'd lost I think they lost all sense
of normality at that point. I think it was just
one of those mad because the under normal circumstances. You
would not advise him doing what he did, because that
was almost.

Speaker 18 (01:04:04):
Like thinking you.

Speaker 23 (01:04:05):
I think he knew he had to have a crack.
He had to have a crack at getting into the lead.
There was you know, there was the issues with the
tires and pit stops and other crashes. I was watching
with one of my boys and I said, look, look
when he was in third pain, I said, I reckon
the number two car is going to have a crack
at the leader and they'll probably take each other out

(01:04:25):
because exactly what happened pretty much.

Speaker 2 (01:04:27):
Wasn't there one on the corner, that thing last corner
as they went up the hill for the final time,
that thing on the corner where he got a five
second penalty.

Speaker 23 (01:04:33):
So he did well, he did well to handback and
third and just just waited a little bit to see
what one and dou did. But extraordinary for twenty three
years of age. And we did a yarn on this
kid probably about four or five years ago when he
received a poor scholarship, and back then people were saying
to me, this kid has got a lot of talent.

Speaker 19 (01:04:52):
He will go far and he won I.

Speaker 23 (01:04:55):
Think some races in the Toyd Racing Series a single season,
but certainly a talent and he'll win a lot more.

Speaker 19 (01:05:03):
In supercars. Were very very close friend of Liam law.

Speaker 2 (01:05:06):
Liam Lawson exactly the same age, same sort of stage,
and they went through I mean he's he was currently
before yesterday, was currently coming second and the you know,
in the in the championship in general, they've got one
more to go. I think it's on the Gold Coast.
But it really was as as Jason, just to wrap
this up as a sporting you don't even need to
be remotely interested in motor racing. To understand if you
were watching that yesterday, you would be virtually dead if

(01:05:28):
you weren't spellbound.

Speaker 19 (01:05:30):
And I leap off the couch.

Speaker 23 (01:05:31):
But when when those first two took each other out,
I actually leaped off the couch watching motor racing.

Speaker 19 (01:05:38):
Couldn't believe it.

Speaker 2 (01:05:39):
And Dad, are you okay?

Speaker 19 (01:05:43):
Dad?

Speaker 2 (01:05:43):
Get up?

Speaker 24 (01:05:44):
The same with my wife. She came running in. What's
going on? What's going on?

Speaker 2 (01:05:47):
Have you done?

Speaker 24 (01:05:48):
I'm just watching the motor racing.

Speaker 25 (01:05:49):
I felt for Ryan Wood, I must say, with his
car sailing him, he was right up there was there
were thirty.

Speaker 24 (01:05:55):
Laps to go.

Speaker 23 (01:05:56):
He probably would well I reckon, Yes, a lot could
have happened, but he probably would have won his car.

Speaker 2 (01:06:00):
If it held it together. Here. But that's the thing.
You look at Kasticki. He was the hot favorite for
the weekend. Could he do it three in a row?
And he won the shootout and all that sort of stuff.
Next thing you know, he's in the wall. He's got
another car up his backside. His car's broken to pieces.
That's Bathhurst, isn't it.

Speaker 10 (01:06:14):
You know?

Speaker 2 (01:06:14):
So that's what that's why you can't really say who's
going to well, let's talk about the NPC in a moment.

Speaker 1 (01:06:18):
Thirteen past the Mike Hosking Breakfast Full Show podcast on iHeartRadio,
car it by News Talks it Be News Talks b
sixteen past eight, the Monday Morning commentary Barks with Spears,
fight ads, smart ass and equipment fight ads for Kiwi businesses.

Speaker 2 (01:06:35):
Andrews hebll with us along with Jason Pine and Jason
let's do this quickly. So Canterbury's going to win the NPC.
It's just a matter of who they've beaten, how it goes.
And so the semifinals of who is it Canterbury Otargo.

Speaker 25 (01:06:46):
No No, No Otago against Bay of Plenty Canterbury Hawks Bay.

Speaker 24 (01:06:50):
I don't know.

Speaker 25 (01:06:51):
I just like the way Otago are going about things
at the moment. Yes, it took them till the ninety
or eighty odds a minute that mark the other night
to kick the penalty that beats beat White Carto in
a high scoring one.

Speaker 24 (01:07:01):
But I just like the momentum. They haven't and Canterbury
huffed and puffed.

Speaker 25 (01:07:05):
Yes against Counties they eventually got there, they did, but
an extra time and yeah, look, I think everybody outside
of the Canterbury region probably wants somebody else to win.

Speaker 24 (01:07:15):
Canterbury probably will win. But I like the way Otago
are going down things.

Speaker 19 (01:07:19):
Of the canebar.

Speaker 23 (01:07:20):
You haven't actually won it for seven or eight years,
Mike sitting out of talent, But I actually like I
Plenty played very well on Saturday.

Speaker 18 (01:07:28):
They've got a.

Speaker 23 (01:07:28):
Good pack and they've got some electric backs, so look
out for them. But also loving this Otago story. You know,
they haven't won it since ninety eight, I think, and
given the history of Otiger rugben how strong rugby has
always been in that area, in that city, it's great
for the game.

Speaker 19 (01:07:47):
I just wish more people would turn.

Speaker 2 (01:07:48):
Up, that's true.

Speaker 25 (01:07:49):
I see David Lasser, Yeah, David Laffert was trying to
get a lot of people along yesterday the Otago legion.
He was on social media saying, you've got to get there,
You've got to get there. What they have five thousand
there the other night, I'd say double that a semi final,
wouldn't they surely on Friday night?

Speaker 24 (01:08:02):
And yeah to see them home.

Speaker 2 (01:08:04):
Saw Karen Read at the game and he's he was
eating pies. Is that what you do want?

Speaker 19 (01:08:09):
I think it was hot. It was actually, can I
just pull you up? I think it was hot chips.

Speaker 2 (01:08:12):
There was hot chips. My apologies, it was hot chips.
Is that what happens to you when you when when
you retire?

Speaker 23 (01:08:17):
You just to see him great to see him in
his home union, which was which was County County's Medica.

Speaker 2 (01:08:22):
He looked good though, didn't he. I mean for a
post post player, I thought, fair enough.

Speaker 25 (01:08:26):
Yeah, It's not like I wanted to get away with
that poddle of chips. I'd say he kicks himself a
pretty good nick.

Speaker 2 (01:08:31):
He looked like he was in pretty good nick. This
three sixty sev seems so. I'm glad that somebody finally
woke up to it, you know, because we raised it
a couple of weeks ago, and I thought, is an
attention to this at all? And then last week all
the unions came out and said, you're not playing it.
May have I don't.

Speaker 19 (01:08:46):
I don't think it's completely dead just yet. Might because
it sounds like they do have the money and they've
got a ton of it. But as we mentioned, I
think last week, is it going to garner any interest?

Speaker 10 (01:08:55):
No?

Speaker 2 (01:08:56):
None?

Speaker 19 (01:08:56):
Games between the Madrid and Magicians cares Lisbon Lions. But
I don't.

Speaker 23 (01:09:00):
I just and if you haven't got the superstars, and
a lot of those superstars will stay with their respective
countries because they want to carry on playing test rugby.
I don't know if they're going to have them be
able to sign a big enough names you.

Speaker 25 (01:09:12):
Should want to make a lot of Pacific Island players, well,
a lot of Pacific Island players will look at it.

Speaker 24 (01:09:16):
I think you know their union styge some more tongue.

Speaker 25 (01:09:19):
They can't afford to keep their best players playing domestically,
they don't, do they And so if those players can
earn some really good money playing R three sixty and
probably enhance themselves as internationals, maybe that's the kind of
player we're.

Speaker 24 (01:09:33):
Going to see in our three sixty.

Speaker 19 (01:09:34):
And I wouldn't blame the look.

Speaker 23 (01:09:36):
I wouldn't blame a lot of these young guys or
many players for taking the money.

Speaker 18 (01:09:39):
Mike.

Speaker 19 (01:09:39):
It is huge money. It's a lot more than they
getting of do that for two or three years.

Speaker 23 (01:09:43):
You see yourself up. But as long as the money
definitely gets through and is paid. And then you look
at live golf and that's losing money hand over first,
how much long is that going to line.

Speaker 2 (01:09:52):
Well, they don't care that Saudi's got all the money
in the world. By the way, do we need to
start some sort of fun for Nolin?

Speaker 24 (01:10:00):
Yeah, a body quite Jordan.

Speaker 2 (01:10:02):
How many weeks is this going on for? I mean
I thought that would this would be wrapped up, that
this is two weeks in encounting. If it's not three
weeks in encounting.

Speaker 16 (01:10:09):
Isn't it?

Speaker 19 (01:10:09):
It's longer than that it's been. I think they've stopped.

Speaker 24 (01:10:13):
I think they've stopped mediation. I don't think they're mediating now.
I think they've reached an impass.

Speaker 2 (01:10:18):
Well what's that mean?

Speaker 24 (01:10:19):
Well, I don't know what does that mean? I really
don't know.

Speaker 2 (01:10:23):
Well, Jason, Jason, what are the odds of it being
concluded this week? Two to one?

Speaker 18 (01:10:26):
Well, very.

Speaker 2 (01:10:29):
Chance of winning a job than Matt Paine doesn't winning.
What are the odds?

Speaker 25 (01:10:32):
No chance, no chance, no chance at all, more chance
of more chances, But I don't know, but no no
chance of being And I don't think it'll it'll Probably
it's kind of stopped now, hasn't it. And knit Moore,
New Zealand probably quite like that because there was this
huge ground swallow support behind Dave Noleine.

Speaker 2 (01:10:48):
They the last a few days is part of the
news cycle.

Speaker 24 (01:10:52):
It's going to fizzle out.

Speaker 2 (01:10:53):
Pretend it's a local body election. Everyone will get bored
by it. No one will be interested anymore. It works.

Speaker 24 (01:10:58):
I cogrets to Keen Laban by the note.

Speaker 2 (01:11:01):
He's a good guy, isn't he?

Speaker 18 (01:11:02):
Yeah he is?

Speaker 24 (01:11:03):
Yeah, Yeah, terrific stuff. Mayor of Heart City.

Speaker 2 (01:11:05):
Now, yeah, what are the odds of him being successful?
Jason two to one?

Speaker 24 (01:11:10):
I mean, I mean, he knows everybody. I think he'll
be Okay, that's true.

Speaker 2 (01:11:14):
Right, quick question for you, saf So Tiger Woods seventh
back surgery, How at what point do you get surgically
interfered with to the point where you go, you know what,
as fun as the masters were, this is not this
is not worth it to me.

Speaker 19 (01:11:32):
And what point do you go?

Speaker 23 (01:11:33):
You know what, I've had a brilliant career, one of
the greatest in history. I've made hundreds of millions of dollars.
Why don't I just stop?

Speaker 18 (01:11:42):
Yeah?

Speaker 2 (01:11:43):
How many surgeries do you need to go through before
you go? This is ridiculous?

Speaker 23 (01:11:49):
Well, how many of you had on that little frame
of yours from your tennis I remember you're blue both
and he's out at tennis and you're playing against me once.

Speaker 2 (01:11:57):
Literally literally that's libelists. You know that's libel because you've
literally just made that up.

Speaker 23 (01:12:02):
And the way you used to play golf and swing that,
you know, drive the ball with the amount of talk
going through that small I'm.

Speaker 2 (01:12:09):
Going to get I'm going to get Nolan's lawyer onto
this because he or she's clear you're not doing anything
about her. Yeah, that won't help you, no exactly.

Speaker 23 (01:12:15):
I mean, let's let's face it, you're only held together
by bottles of Rizveritrot plus or whatever the hell you take.

Speaker 2 (01:12:24):
Pat Cummins he's another one. He's got lower back that
I don't know whether he's going to play. How long
do you bowl this?

Speaker 19 (01:12:28):
Because he's a fast bottle. They've always got lower But
that's what I'm saying.

Speaker 2 (01:12:31):
When you're a fast bother, when you're a kid, does
mom and dad not go at you and say, look,
it's cool, you look really cool. It's not as good
as you know. It's way more flamboyant than spin. But
believe me, by the time you get to thirty nine,
you're not going to be able to be able to
do the reading. Yeah, you know, yeah, but they've had
fun doing it, or you could have been just like you, Sam,
and you spend the rest of your life out of shape,
reading about it, leaping.

Speaker 25 (01:12:51):
Off the coup leaping off the couts like a gazelle,
like I just imagine it.

Speaker 19 (01:12:56):
No, we're seeing Karen read yesterday.

Speaker 18 (01:12:58):
Exactly by me. Mate's expires you to do.

Speaker 23 (01:13:00):
What it's inspired me to stop doing the bench priests
and just focus on cardio, focus on the hot shots.

Speaker 2 (01:13:08):
And nice to see you guys. Andrew Sevil Jason Fire
on eight twenty two The.

Speaker 1 (01:13:12):
Mic hosting Breakfast with a Vita Retirement Communities News togsadv.

Speaker 2 (01:13:17):
Well the upgrades. We all love an upgrade, don't we know?
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Speaker 13 (01:14:10):
Like.

Speaker 2 (01:14:10):
Check out the video clip of Laws and Liam and
a rally car for the first time. Goal was to
get within ten seconds of a pro rally driver. It's amazing, John,
You're right, that's a couple of months old now. That
came out with Goodwood, and I alluded you to it
at the time, but it's a good reminder if you
haven't seen it. What he does, the skill required to
do what he does, is well worth watching. So look
that up. Speaking of Liam, I have news as regards

(01:14:32):
his future in F one, so I'll come back to
that in just a couple of moments and two poles
out this morning. As far as I know, there might
be more, but two that I saw. One was on
immigration in Australia and the government might be misreading the
mood in Australia, and the other one was on miss
Lay who currently runs I use the word currently currently
runs the Opposition. I don't know how much more unpopular

(01:14:54):
she can become, but the numbers don't look good. Steve
Price with all of that and more.

Speaker 1 (01:14:58):
Next opinion edit Informed, Unapologetic, The Mic Hosking Breakfast with
al Vida, Retirement Communities, Life Your Way News toks had been.

Speaker 2 (01:15:09):
This weekend to Texas for the next F one race.
Of course, here's this morning's buzz. This out of laisenbe
Simon Lazenby, who if you watch the Sky coverage, he's
the main guy who hosts the show in coverage over
the weekend. He's suggesting that a racing Bulls. This is
regards Liam. Both drivers are going to end up being dropped,
so that is Hedger hedges up to Red Bull, which

(01:15:31):
means that Sonoda goes back to racing bulls or does
he know? The theory is that he will end up
as reserve driver at Aston Martin replacing him at Red Bulls,
and Lilliam's gone as well, replacing them both at Racing Bulls.
As Arvid Lindblad, now you'll know the name of your
follow F one. He's the F two driver currently under
the auspices of the Red Bull Driver program. He's struggling

(01:15:53):
an F two. He seems to be a favorite of
Helmet Marco, but he doesn't have the form to be there.
And that's why I don't actually agree with this particular scenario.
But nevertheless, these are whispers in the field. So Aarvid
Lindbladd goes into Racing Bulls next to Alex Done, who
has Alex Done. He's a talent and he has been
with McLaren's reserve driver. They've just let him go. So
Done ends up there, and so Sonoda goes to Aston

(01:16:17):
and Liam is looking for work. The scenario being, or
the weight behind that, is that racing Bulls knee drivers
that can get to the level of the stappin' and
at this point they don't have them, neither in Sonoda
who's been there for four or five years, nor in
Liam who's had a crack that failed. So goes the
theory twenty two to.

Speaker 13 (01:16:38):
Nine International correspondence with ends in Eye Insurance Peace of
Mind for New Zealand.

Speaker 2 (01:16:44):
Business Tadlas Steve Price morning.

Speaker 18 (01:16:46):
Makee when can we sack Lando? That's all I want
to know.

Speaker 2 (01:16:51):
Lando is not getting sacked. But the other story floating
around this morning is that Pastre's not happy and you
can understand why he wouldn't be happy. Clear that Ferrari's
not happy and you can't understand why he's not happy.
So there's a swap going on. So Psre ends up
at Ferrari.

Speaker 18 (01:17:07):
No, Well, Oscar will be world champion. He can do
what he wants.

Speaker 2 (01:17:11):
That's true. So I don't think anything's going to happen.

Speaker 10 (01:17:13):
There.

Speaker 2 (01:17:14):
Are you out again on those Palestinian marches? You've been
going on?

Speaker 18 (01:17:17):
Oh? I mean you wonder, don't you? I mean, seriously,
these people, any sympathy they had, and it was pretty
minimal from anybody, just went straight out the window of
the weekend. So the Sydney situation was they were going
to march to the Opera House. The highest court in
New South Wales said no, they're not going to do that.
We won't give you a permit, and so they were
forced to march down George Street. Someone said there was

(01:17:40):
around eight thousand people there. No one can quite be sure.
There was another massive rally in Melbourne. And the only
reason I raised it is one, what are they marching
for now? Given what's happening in the Middle East? I mean,
the peace steal might not hold, but there is ap
steel and the hostages look like being swapped either today
or tomorrow. So what were they marching for? Well, upstands

(01:18:03):
Senator Lydia Thope. Now she's a former Green Senator now
sits in the Senator as an independent. Under our system,
you get elected for six years as a senator. I
think she's still got about four or five to go.
She stands up and says, quote, we as in the
people marching stand in solidarity because we know what it's

(01:18:25):
like to have a boot on our neck every moment
that we are alive, but we have survived. Then she
went on to say we'll fight every day and then
this quote direct quote, and if I have to burn
down Parliament has to make a point. I'm not there
to make friends. I'm there to get justice for our people.
I mean, seriously, I mean, you knows no reference, of

(01:18:45):
course to what happened on October seven, two years ago.
She just ignores that, and she conflates what's going on
in Gaza to the treatment of indigenous people in Australia,
which is completely ridiculous.

Speaker 2 (01:18:57):
Is that not inciting some sort of violence or hate
or you know, doesn't somebody have a look at this
and go this is a bit over the top and
we could do something about this legally.

Speaker 18 (01:19:04):
Well, these laws are useless. Macadia Cash from the Opposition
called the statements disgraceful, shocking, but unfortunately unsurprising, and Cash
said that the Opposition would consider options available within the
Senate to hold Senator Thought accountable. Well, I don't reckon
that'll go anywhere, but she should be ashamed of herself.

(01:19:25):
But she's got no shame, so that won't happen.

Speaker 2 (01:19:27):
So Susan Lay, how unpopular does she need to get?
She's minus five neck balance was plus nine? How unpopular?
And how fast does she fall before somebody'd actually does something.

Speaker 18 (01:19:39):
Well, I've had this point to here last week and
I repeat it that I think they're just going to
leave her there like some sort of a trojan Awesome.
I mean, no one wants to be the Federal opposition
leader in Australia under the current situation, given how bad
the election result was just back in May. So Anthony Albanez,
he's got not much short of three years. Any assessment

(01:20:01):
of the numbers would say he's going to get three
more years. So if you're in that job, you're saying
to yourself, well, I'm going to sit there as opposition
leader for six years banging on about things, and I
might get elected if I'm lucky in two terms time.
So I'm not sure how long the coalition will leave
her there. The problem that the coalition has is they've

(01:20:22):
got a whole bunch of center right moderates and then
you've got the conservative wing. The conservative wing of the
coalition are the good performers. I talk about former Sas
soldier Andrew Hasty, an Indigenous senator Nampa Chimp for price.
So the good talents on the back bench. And will
they move on Susan Lee eventually? Yes? Is the candidate

(01:20:45):
who could knock her off there in the parliament even
who knows. But they're in a world of trouble. I
wrote it the Weekend tongue in cheek really that I
thought they should bring back Tony Abbott. He released a
book last week and he's got a three documentary starting
airing on Sky News from tonight. I think he would
be sensational.

Speaker 2 (01:21:06):
I'll watch it. By the way, there's another pole floating
around somewhere over the week in a resolve pole that
most people in Australia, and they come from all political spectrums.
I think the number of people coming into Australia by
way of migration is way too high. Would that be
your assessment? Generally?

Speaker 18 (01:21:23):
One hundred? I mean we've got to house in crisis.
Net migration into the country is huge. I think three
million people over the last four years or something like that,
and most people think, look, let's just pause for a while.
We're not anti migration because this country is built on migrants,
but we're bringing in too many people, and you know,

(01:21:44):
people like myself, so I think we should also question
where we're bringing people in from and we should have
a good hard look at it. At the moment you
say that you're classified as a racist and someone who
doesn't like migrants, well, I think most people just would
like a pause.

Speaker 2 (01:21:57):
Yeah, fair enough to Matt Pain as well of ours.
By the way, just in case you were somehow trying
to work out how to make them Australia. You had
to see it to believe it.

Speaker 18 (01:22:07):
A It was unbelievable. I mean three, I reckon, four
laps to go, I said, I reckon. Matt Painter will
win this because the bloat leading at the time was
a rookie and he looked very nervous. Pain was behind him.
Anyone listening to us who didn't watch Bathist the Great
one thousand k motor race yesterday, I didn't watch it all,

(01:22:27):
but I watched the last hour. It started to rain
and then the clouds descended on Mount Panorama and they
couldn't even see through the clouds. And it was a
cracking drive by Matt paint who just kept his nerve
and one Baptist along with his co driver Gartander, who's
now won six Bathist type of thanks to Matt Paine.
That drive yesterday was unbelieved.

Speaker 2 (01:22:46):
He's a legend. I saw the weather came through Simon
and Siddenly this whole lot of trees fell over massive
winds yesterday and I happened to be watching it early
in the morning at seven o'clock in your time. And Bathurst,
that part of the world. There was just a wisp
of cloud across the valley. It was a crystal clear
blue sky and then it all turns to crap by
the end of the day.

Speaker 18 (01:23:06):
Yeah, it came over the mountains that we're set in.
As you said to us, some damaged in Sydney. Baptist
is like that. I mean that motor race has painted
more amazing stories over its history than any other motorsport
race anywhere in the world. And if you've ever go,
if you ever go to Bathist, anyone listening to us,
just take your little tootle around the Bathist motor circuit,

(01:23:27):
which you can drive on because it's a public road.
And you won't believe the elevation on the top of
the mountain down to the bottom. How they drive around
there at two hundred columbers.

Speaker 2 (01:23:36):
Now it's got me amazing. All right, mat go, we'll
see you Wednesday. Steve Price, out of Australia, eight forty five.

Speaker 1 (01:23:41):
The Mike Asking Breakfast Full Show podcast on iHeartRadio. Howard
By News talks at b.

Speaker 2 (01:23:49):
Some up and down, some good and bad for the economy.
I note this morning the number of companies into liquid Ocean.
There is going to be worse than last year, probably
not surprisingly and despite the fact the economy is slowly
but surely coming right. Liquidations are sort of the last
cab off the rank. It's nowhere near, fortunately as bad
as the GFC. It's a mile short of the GFC,

(01:24:11):
so that's encouraging. But we got about thirty two hundred
and fifty eight liquidations in the country. The good news
is and I was a bit worried about this because
as reading about Golden Golden Week has been in China
and this is where the mass migration, I mean hundreds
of millions of people on the move, and of course
you'd hope that some of them would buy an airteket
and come to New Zealand and help our beleagued tourism
sector out. But I was reading over the weekend about

(01:24:32):
the Middle East, the numbers around the Middle East. If
you ever want to see a group of people do
something spectacular, the Middle East has been in terms of
trying to diversify them themselves out of oil and they're
looking at being a harb they're looking at being tourism,
all that sort of stuff. Sport is their other big
one of course. Anyway, Chinese outbound travelers big on the
Middle East at the moment. So basically Doha bookings into

(01:24:55):
Doha are up four hundred and forty one percent on
a year FO one hundred and forty one, Abu Dhabi
two hundred and twenty nine, Dubai, which was already popular,
up twenty seven percent, so the United Arab Emirates itself
as in Dubai. Chinese travelers who traveled in premium business
or first class, and this is what it's telling you
on Friday, the demand for premium economy travelers through the

(01:25:17):
roof around the world. But those people at the front
of the plane, their bookings into that part of the
world are up one hundred and thirty three percent. Chinese
travelers heading to the Middle East are from China from
the region just generally, so China to the Middle East
flights are up twenty five percent, and when you compare
it to the same period pre COVID, it's up one
hundred and eighty percent. So they are loving the Middle East.

(01:25:38):
Now here's the good news. The five fastest growing overseas
destinations for hotel bookings during the Golden Week were the
aforementioned UAE and Saudi Arabia, but also Egypt, Kazakhstan unusual
and you got it New Zealand. So the Chinese thing might,

(01:25:58):
because that's what's been holding us up. That's why we're
sitting at eighty six eighty seven percent of what we were.
The Chinese thing might, fingers crossed, be coming right nine
to nine.

Speaker 1 (01:26:07):
So my costing breakfast with the land rover, defender and
news togs.

Speaker 2 (01:26:11):
Dead b Now life on the water's edge. Nothing else
like at Norkland. This is Catalina Bay apartments, genuinely on
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harbor greets you which morning, and the city's only twenty
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I did that Catalina Bay Apartments dot co dot in
z asking no. I was reading over the weekend of
the British Press, talked to Rod about it tomorrow. In fact,

(01:27:16):
we probably wont because I'm already over it, said Tony
Blair met Jeffrey Epstein. Headline Tony Blair met Jeffrey Epstein.
Are we going to go through every person that Jeffrey
Epstein ever met in his entire life? And now the
meeting is Blair recalls it whilst thirty minutes, So think
about it. Sensibly, Epstein's a big wheel, He's got a
lot of dough. He's moving in big circles and at
some point when he's in Britain, abe try and tee

(01:27:38):
up a meeting with the Prime Minister of the day
happens to be Tony Blair. So he spent thirty minutes
talking about business. Apparently that was the beginning of the
middle and the end of it. So the fact that
you met somebody who once twenty thirty years ago is
somehow a thing. And if it is a thing, how
long is this thing going to go on for? Are
We're literally going to have headlines for every well known
person whoever met Jeffrey Epstein once five minutes away from nine.

Speaker 1 (01:28:00):
Now with Chemist Warehouse celebrate big Brands and biggest savings.

Speaker 2 (01:28:04):
So Robbie Williams was on Graham Norton. If you haven't
caught up on this, this is this is moderately entertaining.
So he's on Norton Show. He's got his new album
out's called britt Pop. Now he's made brick Pop solely
so he can get the sixteenth number one UK album
and in doing that he would then beat the Beatles
because they're currently tied at fifteen apiece. So on the
sofa with Robbie and Graham is Colin Farrell, Benedict cumber

(01:28:29):
Patch and as you will find out, Julia Roberts Williams
do you know on the coach?

Speaker 26 (01:28:35):
No, everybody from watching them on the Tully Okay, that's good.
And Julia Roberts, Oh my god, I can't. I watched
I've watched Pretty Woman six times in a row, and
at the end of the sixth time I was like,
one day.

Speaker 2 (01:28:48):
I will take a prostitute shop in oh.

Speaker 18 (01:28:52):
And I did.

Speaker 10 (01:28:53):
I did.

Speaker 22 (01:28:57):
That's a lovely story, Robble, that's really lovely.

Speaker 2 (01:29:02):
You can't say he's not brilliant. And if you've ever
if you've got the time a period last summer, it
was the summer of the last summer I can't remember
which he went through on his social media, and he
wandered through public places in Britain, and as he passed people,
he was waiting to see whether they recognized him or not.
And he was wearing the particularly funny one he was

(01:29:24):
wearing a pink suit walking through Hyde Park coming home
from dinner, and the pink suit differentiated itself slightly because
not only was it pinky, pink shorts, and he just
kept walking through Hyde Park in his pink in his
pink suit singing. He started singing and people no one
recognized him and it gets funnier and funny, as it
wasn't like this in the old days. Anyway. The other

(01:29:45):
thing about Robie Williams, I thought he was claiming last
week he's got Turett's and if he's developing Turetts, I
don't know why he's running the risk of going on
the Graham Norton Show. But there you go. We're back
tomorrow morning from six Tuesday Morning, look forward to your company, Happy.

Speaker 15 (01:29:57):
How Fast?

Speaker 23 (01:29:58):
And only twice?

Speaker 1 (01:30:00):
For more from the Mic Asking Breakfast, listen live to
News Talk Set B from six a m. Weekdays, or
follow the podcast on iHeartRadio.

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CrimeLess: Hillbilly Heist

Dateline NBC

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Full Show Podcast: 13 October 2025

Stuff You Should Know