Full Show Podcast: 10 November 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
You're trusted home for News, Sport, Entertainment, Opinion and Mike
the my Hosking Breakfast with Bailey's real Estate, Doing real
estate differently since nineteen seventy three, News togs, head belly.

Speaker 2 (00:13):
And Welcome today. The myth crackdown ers a just a headline.
Some alarm bells over the business insolvency, the Prime Minister
on trade with India, Bank margins, Cook's trouble moving homeless
people on the Lads and leads for Well. The commentary
box with the sport of course, Richard Arnold stateside Steve
Trice out of the Mighty Australian Pasky. Welcome to the
week seven past six. At least the key is Starmer
I read over the weekend, or I was actually watching

(00:34):
him over the weekend. Actually I had read the room right.
The unity around climate change, he said from South America
from COP thirty has gone. And as world leaders bag
Trump as well, they Mighty as an easy target for
the Zealots. The simple truth that Starmer was bold enough
to point out is not really about Trump, who thinks
climate change of courses are scam but rather the many
millions of people have at last realized that although climate

(00:54):
change is real, we are not going to be able
to change things enough to get the targets we promised
ourselves we might have all those years ago. Self interest
has won the day, because self interest always wins the day.
The economic damage to any given country is simply and
demonstrably too great for a populace to bear, and given
most of the populous lives in the industrialized and first

(01:15):
world places that create the most emissions, no one advocating
the sort of carnage required to reach a Paris number
is going to ever get elected to a position to
be able to do it. Certainly, we can build windmills
and have battery storage and hope it rains. But as
our very own country is discovered, we have never needed
coal more because the Zealots, when they were in charge,
stop looking for oil and gas, didn't build enough renewable

(01:36):
so left us dangerously short of being able to heat
the towels in the bathroom. So this is not about
climate change being bad, or policies being wound back, or
too little, too late, or the endless hyperbole from the
alarmists about it being an emergency. It is about the
simple reality that after a while the fear and theory
become a simple truth as more and more regular people
experience and understand the demands required, and we have increasingly

(01:58):
decided they are too great. Will science help? Probably? Will
the zalot still squeal in an off putting, in hysterical tone,
Almost certainly? Will there be a cop thirty one? Of
course there will be. But Starmer has it right. Peak
climate change momentum came and went rightly or wrongly. We
couldn't do it. We in reality were never going to

(02:19):
do it. So the here and now is about the
acceptance that's well. Whether it's easy to promise, it's hard
or in some cases impossible to deliver.

Speaker 3 (02:29):
Wow news of the world in ninety seconds.

Speaker 2 (02:33):
Remember on Sunday in Britain, they were all there, from
the King to Kate to William and all the past
living prime ministers lined up ironically speaking of the royal family. Actually,
Ben Newman, he was interviewed today in the media because
Camilla had turned up at a spud Man caravan last

(02:54):
week for fraternity event.

Speaker 3 (02:55):
So impressed. You must have gone around the room and
said twenty or thirty.

Speaker 4 (02:59):
Other people before she got to me, and she oh, spud.

Speaker 3 (03:03):
Man, Ben, how you doing?

Speaker 4 (03:04):
And yeah, I was blown away by everything she knew.

Speaker 5 (03:08):
I really was.

Speaker 6 (03:08):
I was really impressive her.

Speaker 3 (03:09):
She's a lovely lady.

Speaker 2 (03:10):
Also in Britain, the Country Secretary had to deal with
the prisoner release shambles on the Telly Under the.

Speaker 7 (03:14):
Last government for quite some time, there were on average
seventeen wrong releases. Under this government that has risen it's
twenty two. That is completely unacceptable. It was unacceptable before,
it's unacceptable now.

Speaker 2 (03:27):
The Tories can't believe they're lacking lemmys and competence. It's
the willingness to avoid the question at all when what
I was asking him on behalf.

Speaker 8 (03:34):
Ultimately of the country is can he reassure people watching
there aren't any more case on this?

Speaker 3 (03:39):
And he knew there were and he didn't answer.

Speaker 2 (03:41):
Now then out the shutdown starting to infuriate Americans. The
Republicans have read the room a bit and working on
abolishing the filibuster.

Speaker 9 (03:47):
We've got to get rid of the filibuster. We know
that this makes no sense, and we can get all
kinds of great things done, like national voter ID laws.
We can kick every illegal off the welfare roles. We
can get this country moving again. We got to do this,
and we got to do this to save the country.

Speaker 2 (04:03):
Yeah, at the airport, which is due to get even
worse this week. They're over, the holidays is coming up.
It's just feeling not good. But they just need to
get on board and get it together.

Speaker 3 (04:10):
It's impacting everybody. This is a trickle down thing.

Speaker 9 (04:14):
It's not complicated, and I wish they would just all
phone a way to get together, work for the people
and then work out their differences.

Speaker 2 (04:21):
I finally sad day in Australian media. John Laws has
died at the age of nineteen. His career lasted seventy
one years and for many he was as well. Many
of those years he was as big as it got.
Cash for Comment was a scandal if you followed the story.
But for a career that started and Bendigo, he's pretty
much lived the dream. I'm all received later along, by
the way, with the passing of Graham Richardson, rich oh
Richardson died out of the Weekend as well, met as

(04:41):
the news of the world in ninety Yes again we're
back and this will be the story of the week.
When we get to Catherine and Joe later on the
week Britain's providing military support to Belgium. What a Belgium
had over the weekend, Yes, more Russian drone incursions into
their airspace. So we'll watch this with interest. Twelve past six.

Speaker 1 (05:00):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, pow
of by News Talk Zippy.

Speaker 2 (05:09):
There's something about Brazil. I don't know what it is.
Bortiletto's already driven his car into the wall six laps
into the race. Most of them have been under yellow.
There have been two yellows. Leclaire's in trouble and out bought.
A Letto is out. Pstre caused the accident with Leclair
and probably is going to get in trouble with the
Steward's meantime lawsens up to fifth socials all go. Fourteen

(05:30):
past na tako, we generate Greek. Let's welcome to Monday morning, Mike.
Good day at the office for ELIN one trillions ago.

Speaker 8 (05:39):
Yeah, that's what we don't often talk about executive pay here.
This was an absolute douzy. So yeah, trillion dollar pay package.
Just to be clear, that's AE thousand billion dollars. So
that's a debate and scrutiny. But cety club percent. The
votes cast back what is the largest corporate paypackage in history.
So he's got lots of targets, isn't he. So this
includes over the next decade, delivering twenty million vehicles that's

(06:02):
ten times what they do currently. A one million robot
taxis that's from zero currently, one million robots that's from
zero currently. And I mean ten million full self driving
subscriptions that's versus a few hundred thousand now. On the
thing subject of profit, four in a billion in core
profit target versus seven villion last year. And the stock also,
of course needs to rise from a current vially one

(06:24):
point four trillion to true two trillion initially before eventually
reaching eight point five trillion if he hits all of
his goals, muskets in another twelve per cent stock that
takes the stake to twenty five percent. Mike, of course,
he's pretty happy about the vote. He liked the cheers
at the AGM, and he said other Shaholder meetings are
like snooze fests, but ours a banger's. It's obviously a

(06:45):
bit of disquie on the amount of his package, but
he had threatened to quick if he actually delivers on it,
you'd have to think sharlders would be the big winners.
Just also by the way he reckons humanity will be
huge winners from his Optimus robots. He claims they will
increase the world economy by effect of ten jobs will
no longer exist, everyone will get a universal income and
in the process it will eliminate world poverty. So yeah,

(07:07):
pretty big coll mate.

Speaker 2 (07:08):
Yeah, if only he could get his roadster out by
the end of the year, that might help his reputation,
right travel, IAG, what are we reading into this?

Speaker 8 (07:17):
Yes, this is the company that owns Brittish yarways. So
the years fell teen percent in London on Friday, So
they're coming off a pretty good year last year. But yeah,
profits weakening. Revenues were flat for the third quarter nine
point three billion, and basically, yeah, the North American route,
which I suppose is what they are they've been the
jaw and the crown from over and over the years,
is certainly easing. So the revenue prevailable SI kilometer was

(07:39):
down over seven percent.

Speaker 2 (07:41):
Asia was pretty strong.

Speaker 3 (07:42):
The companies have gone pretty well.

Speaker 8 (07:44):
The shears Word down ten percent but are up twenty
percent still year to date, they've done a billion dollars
year by back. But yeah, just a bit of alarm
over what's happening on that North American route. So strict
immigration controls under Trump they're not helping. And also corporate
activity between the US and Europe is softening, you know.
And also you talk about the UK before the propensity
of British workers to still work from home, so they're

(08:05):
doing so at least two days a week. That's also
holding back business travel. So give you an if you
look at business bookings this year for BA, it's actually
running at sixty three percent of pre COVID, so work
from home is still very strong. I suppose you could
also say the worst drop in efficiency of British businesses
since the seventies outside of the global financial crisis isn't helping.

(08:26):
OHI ge they're still I reckon they can deliver on
the four year growth out look. They reckon they can deliver,
particularly the premium passenger segments. So they see that it's
still strong. Although I thought it was interesting they've got
no plans to get back in on the concord. Some
US carriers are, though, and that's after the Trump administration
lifted It's been on overland supersonic flight.

Speaker 2 (08:44):
Right, so back home, What did Rodin Briscoes have to say? Yeah,
basically say it's still tough.

Speaker 8 (08:49):
Obviously, Briscoes has been one of the most resilient amongst
cost of living pressures. That update on Friday, the thirteen
weeks to October twenty six, group sales actually down one
point eight percent one hundred and sev seven one million dollars.
They actually met managed a small game home where that
was at one point eight percent, but still quite modest.
Sporting goods down more than seven percent, although it did

(09:10):
the ever redevelopment of one of the key flagship stores,
but sales for the nine months of the year down
least to one percent. But yeah, basically, Rogic's saying the
retail environment's still difficult, and I thought it was interesting
he said, there's a lack of consistent momentum. We've had
those rate cuts, but it hasn't really transferred into a
meaningful recovery as yet. So I suppose plenty of retails

(09:30):
we'll be hoping it does in time for the key
shopping period. She's down one point eight percent, still up
seven percent the other day.

Speaker 2 (09:38):
All the money's going on the power bills, Greg, that's
where it's going.

Speaker 8 (09:40):
What are then, absolutely I can tell you that percent
doubt that was zero point two percent four six nine
out seven p up point month cent six seven two
eight NARS Exo Tech stocks to continue to solften a
little bit, down point two percent, twenty three thousand and
four fifty one hundred, down point six percent, Nick down
one point two percent, a SX two hundred across Tasman
down point seven cent eight seven seven.

Speaker 2 (10:02):
Zero is the X fift.

Speaker 8 (10:03):
We're an outline. We're up point two percent regionally, thirteen
five nine nine, Gold up twenty four dollars four thousand
and one. US announce oil up thirty two cents, fifty
nine spots seventy five. And the currencies we're down against
most of the majors. Fifty six point two against the US,
eighty six point seven against the Australian dollar, forty two
point seven against Stirling, eighty six point three against Again.

(10:24):
This week we'll see it whether we get that CPI
data with the shutdown going on, Mike, but we've got
plenty of earnings. We've got rocket Lab, Cisco, Walt Disney,
and Sony locally we've got some cards spinning manufacturing PMI
and you we've got some earnings numbers here as well,
so am Z Main Freight and Infantal.

Speaker 2 (10:40):
You go well, Grigg Smith generate wealth and key, we
say the specialist Cosco a good news story. India gangbusters
on car sales. They cannot buy enough cars at the moment,
record highs, rural demand, tax cuts in the festival season.
Of course, rising domestic consumption is helping it all out.
India's automative industry over seven percent of the national gross
domestic product, half of manufacturing GDP. How much is it

(11:02):
up by forty percent this year? Six twenty your news talk, said.

Speaker 1 (11:07):
Bo the Mike asking Breakfast Full Show podcast on iHeartRadio
now ad By News Talks at b.

Speaker 2 (11:19):
Richard, Stateside. Obviously shortly but Ford over the weekend. So
that f one fifty lightning the EV truck we told
you about last week. They were slowing down production. They're
looking at killing it completely because no one wants a
vehicle in America. Meantime, the holiday hiring. Trump's in real
trouble here. If you're looking at the US economy at
the moment, you're looking at where that market's at even
what was driving it was chips and the AI, as

(11:39):
we've talked about endlessly on this program before. That's what
was driving the market. The market doesn't affect most Americans.
What most Americans see as they can't get on a
plane at the moment, the price of food is going up,
and meantime, Trump sitting they're telling you your Thanksgiving dinners
cheaper than it was really when it isn't. So he's
got problems. Then you got to your vote last week,
so things are starting to implode. And then we get
the holiday hiring by the retailer's lowest level in fifteen years.

(12:03):
This is the National Retail Federation expect holiday spending to
hit a record, so people are still out there. The
holiday period, by the way, in America is officially the
beginning of November, so they're underway through until the end
of December. They think it'll top a trillion dollars for
the first time. So there are a lot of mixed
messages on that US economy at the moment. As far
as Brazil's concerned, Sonoda's just spun stroll, not that that matters.

(12:24):
Castrol's are useless and he's at the back of the field,
but Sonoda's at the back of the field as well.
He's had a disastrous weekend. Vestafans had a disastrous weekend
as well because they can't work out what went wrong
with the car. The car has been rebuilt overnight, so
he started at the back of the field, but now
he's got a puncture, so that's his weekend shot to pieces.
So racing balls are doing okay. Russell's pinged both Hadja

(12:45):
and Lawson after the restart and there have been two
of those so currently Norris and Piastre. Piastre doesn't seem
to have been spotted by the stewarts for causing the
second red flack, which is good for him because he
bind his car in the sprint race. It's got no points,
but Norris did, which means that particular race is unfolding
as we speak, will continue to unfold. So the two

(13:07):
McLaren's are leading the field as we speak. Six twenty five.

Speaker 10 (13:10):
Trending now with the chemist Wells keeping Kiwi's healthy.

Speaker 2 (13:15):
All year round by Bob Thornton has been on. Joe
Rogan given a bit of red meat to the hungry.
He doesn't like awards, He doesn't go anymore. They're stupid
because awards for riot is a done concept. And that's
before you get to the politics.

Speaker 3 (13:27):
These days, I just look at it.

Speaker 11 (13:28):
It's like, oh, Okay, we're gonna go over here and
have some dried chicken breast and green bit innocense, and
we'll listen to people get up there and pontificate about
how awesome they are.

Speaker 3 (13:39):
And those are the ones that get me.

Speaker 11 (13:41):
It's like, how about if you're gonna get one of
these things and you truly are honored by it, well,
you honor the people who gave it to you.

Speaker 3 (13:49):
Yeah, just them.

Speaker 11 (13:51):
Don't go off there and talk about saving the badgers
in Wisconsin or something. You know what I'm saying. It's like,
you know, there's a time and place for that, I believe.
How about if you have a billion dollars and you
want to save the badgers and save them.

Speaker 2 (14:08):
Very good on Landman McLaren and Mercedes so Antonelli and
Russell third and fourth, had your fifth Bearman who's had
a very good week in Oli Bahman sixth and Lawsoner's
currently seventh. It would be a great shame of both
the racing bulls didn't end up on the Points. The
other thing that watched this week, Lavrov's disappeared. Sergei Lavrov,

(14:31):
foreign minister, good friend until recently of the President. I
don't know whether he's gone out a window or they've
just bailed them up in a room, but he's been
blamed for the lack of meeting. So Trump said We're
going to have a meeting in Budapest. Next thing they weren't.
They're blaming Lavrov on that. No one's seen him for
a couple of weeks now. So oh, Piastre got a

(14:53):
ten second penalty, so that's his race shot the pieces
as well, So it's all I'm following. I mean, Brazil's incredible,
isn't it. What a fun place? A race, news for you,
and a couple of moments.

Speaker 1 (15:03):
The newsmakers and the personalities, the big names talk to
Mike the mic Hosking, Breakfast with a Vida, Retirement, Communities,
Life Your Way News, togs Head Be.

Speaker 2 (15:14):
The Shutdown of course, with Richard Arnold shortly stage side.
Mike Lawson was fifth and suddenly sixteenth. What happened. It's
called the pit stop. The softs were not performing the
way they thought, so they pitted boat had Jack and lawsome.
So he's currently was sixteenth, now fifteenth, but when you
take into account the pit stops, he's still he's still
in the points. He's still certainly in the top ten
months and all shakes it down twenty three minutes away

(15:36):
from seven. Not everyone's reveling in the so called green
shoots of the economic recovery. We've got warnings this morning
from the insolvency folks more trouble coming next year, they
think as well. Insolvencies were up nearly forty percent on
pre COVID levels. Brian Williams, founder of BWA in Solvency,
is with us. Brian morning, Good morning, Mike, good morning.
These guys last to fall. So is this like the

(15:56):
job numbers? So we go through the tough days and
at the very end of the worst of times we
get the insolvency. Is that what's happening?

Speaker 6 (16:04):
I think this is the after glow. I think this
is the latency that's expected by the downturn and the
economy that we're rising out of. And the pipeline has
got to clear out, and it'll take probably through to
mids twenty six before that's all cleared out.

Speaker 2 (16:20):
So when you say, at twenty six we're sitting here
the snow member morning, what's happening in a business right
now that they're going to fall over in April of
next year.

Speaker 6 (16:32):
I think they simply run out of gas, and there
is a persistent motivation by directors, and there are shareholding
interests to survive, motivated to continue, hoping for perhaps if
you're in the retail industry, for future sales across the
next two or three months, that would bring about gross profit,

(16:52):
which would bring about a retirement debt, and if that
doesn't occur, then they just lose grip.

Speaker 2 (16:58):
Okay, So they would be looking at the books right
now saying, look, things are type we're in trouble, but
Christmas will say us that's sort of what's driving the
mood at the moment.

Speaker 6 (17:07):
I think there is that human endeavor to say we
will not succumb, we will continue, and I think that's
reflective of almost every file that comes across my desk.
Has got virtually no assets remaining, and while there are
resources within the control of the directors, they'll continue to
use them for the purposes of continuing to survive.

Speaker 2 (17:28):
Well, there's heartbreaking. Who are these companies so the big
boys little bit you know, is it mum and dad
is someone who's been around for six months or twenty
seven years or what.

Speaker 6 (17:37):
Yeah, Mostly they are smaller companies. In the food and
beverage industry, there are people that have just decided to
get out and hang their shingle. The construction industry still
wins the race. It's way up across all of the
other sectors. Although that's the client cross this last quarter

(17:57):
of three percent. But property in real estate fargument's sake,
that's up ten percent on the last quarter. And there'll
be long standing businesses that just simply have run out
a gas, run out of resources.

Speaker 2 (18:11):
How much of it about the economy, How much of
it's about the economy versus IID coming in and going
we'll need our money, thanks very much.

Speaker 6 (18:18):
I think IID is a significant driver. They are a
large part of any balance sheet, and if they are
not going to be settled, then their viewpoint, the viewpoint
right now is well, if you can't pay, then you
shouldn't exist. And in a sense it's a healthy destruction
that's continuing at the moment, or even constructive destruction where

(18:41):
if you can't survive, if you haven't got the resources.
If you can't generate profits, then you shouldn't be on
the register. You shouldn't exist.

Speaker 2 (18:48):
Brian appreciate time very much. Brian Williams, BW and Solventsy
found a famous situation many years ago. Keating said, this
was the recession in Australia. Of course, this was the
recession we needed to have, if you remember that. And
the Reserve Bank governor at the time said, actually this
is good because we can go in and all these
businesses that don't exist shouldn't exist, they're going to go
and that's ultimately good for the economy. Not that that

(19:10):
sort of news if you're in the middle of it
right now, is of any comfort at all.

Speaker 1 (19:15):
Nineteen two The Mic Hosking Breakfast Full Show podcast on
iHeartRadio powered by newstalksp.

Speaker 2 (19:24):
Question a better times coming for business leaders now? There
are many surveys out there at the moment. One of
the largest is the Business Performance Index, or the BPI,
facilitated by the Accounting and Advisory Firm BDO shows where
not quite there yet video's bi annual report. It reveals
that the BPI has fallen to a record low just
forty eight percent of business leaders feel positive about business performance,

(19:44):
which is down nine percent on April, and the six
month outlook remains subdued. However, there are some notable variations
and positivity, so agribusiness leaders most positive obviously, tourism, retail
construction least positive. Nationally. The top five issues for business
line leaders include the economy, cash flow, finances, political factors,
and business pipeline. So the good news, do we have some? Yes?

(20:07):
The BPI report features an extensive range of helpful insights
and tips for your business and for more go to
the BDO website or contact your local BDO advisor. That's
the BDO website or your local BDO advice. Pasking Overnight tonight,
apart from the American markets opening and watch that one,
go panorama BBC scandal systemic bias. We're standing by. The

(20:31):
Telegraph published details of eleaked internal BBC memo over the weekend.
This was the program that basically splices together Trump's speech
that appeared to explicitly encourage the Capitol Hill riots of
jan of twenty one. So they're in a power of
trouble to BBC. So they're expected overnight our time to apologize.
So watch the Space six forty.

Speaker 10 (20:52):
Five international correspondence with ends and Eye Insurance, Peace of
mind for New Zealand business.

Speaker 2 (20:58):
The Facebook, The DAMA Morning p years, good money making
and another week of shut down.

Speaker 12 (21:03):
Yeah, and so how are things going in the US
of a right now grounded? That's how things are. More
than fifteen hundred flights around this land were halted over
the past twenty four hours. Thousands more delayed. As to
the week ahead, Trump's Transportation Secretary Sean Duffy says, it's.

Speaker 13 (21:19):
Not going to get worse. I looked to you know,
the two weeks before Thanksgiving, you're going to see air
travel be reduced to a truckle. We have a number
of people who want to get home for the holidays.
They want to see their family, they want to celebrate
this great American holiday. Listen, many of them are not
going to be able to.

Speaker 2 (21:34):
Get on an airplane.

Speaker 12 (21:35):
The Thanksgiving holiday fast approaching a little over two weeks off.
This is the biggest travel day of the year, As
huge numbers of Americans get on the planes, they hope
to visit family members they have not seen for some time.
The flight cancelations so far have been running it around
four to five percent for various airlines this week. That
is likely the double Duffy describes the chaos in just
one sector, the Delta Airlines hub in Atlanta.

Speaker 13 (21:59):
Eighteen or twenty two controllers in Atlanta didn't show up.
We had eighty one staffing triggers throughout the national airspace.
That means controllers weren't coming to work.

Speaker 2 (22:07):
Yeah, it's chaos.

Speaker 12 (22:08):
That's just one airport, and the effects on would be
travelers tire. Here's what some of them are saying.

Speaker 14 (22:14):
I ended up getting re routed on my way to Brazil,
so I flew from Dallas all the way up to
Chicago with seventeen hour layover.

Speaker 12 (22:22):
They said they could get us to Atlanta, and then
that fell through.

Speaker 5 (22:25):
In the meantime, I had booked a hotel in Atlanta.

Speaker 6 (22:27):
I'm angry that the governments, the President and the Congress
and the Senate can't get together and just settle this thing.

Speaker 2 (22:34):
Well, they're not.

Speaker 12 (22:35):
The results of the election last week seems only to
have hardened sentiments. Democrats have reduced their demand for the
continuation of health insurance subsidies from a permanent change to
one year extension. Republican Senate leader John Thune says no way,
while Democratic Leader Senate Tchuma says they have no ideas
for reform. I've been dodging about this for years and years.

(22:56):
Don't care about rising insurance costs. This is the issue,
of course, at the heart of the government shutdown.

Speaker 13 (23:01):
Publicans are not about to further burden taxpayers by blindly
extending a flawed program.

Speaker 5 (23:06):
Republicans are making it clear as day that they are
happy to let premium sky rite.

Speaker 12 (23:10):
Meantime, it is everyday folks who are feeling the pain
in many fronts, including the loss of food stamps for
those forty two million Americans who've been getting them. Many
say they can't afford basic food stuff. And with all
this going on, Trump has attended another extravagant party at
Mara Lago. Last week, he had hosted that Great Gatsby
themed Halloween party, which included the scantily clad girl riving
around in the giant champagne glass under a banner which

(23:33):
read quote, A little party never killed anyone. This latest
bash featured Trump supporting Argentine President Javier Malay doing a
take on the Trump Village People dance video that's gone
viral now Following the announcement of the twenty billion dollar
US bailout for his country. British Polynigel Faraj also was
a long Pauline Hanson and Gina Ryan had attended the
Seapack conference at Marra Lago too, where they all feasted

(23:56):
on rare seafood, apparently in what was described as Trump
chocolate cake.

Speaker 2 (24:00):
Okay, I saw the speech last week on viting Day,
and he looked like he's running and new some Newsom
seems to be heading towards twenty eight.

Speaker 12 (24:07):
Even more aggressive campaigning. Yes, he took off for Texas
because the Texas electoral move is what triggered the California
response on Prop fifty and use him to a fairly
big crowd in Houston, where he said he understands the
slogan don't mess with Texas, but also says don't poke
the bear, as in the bear on the California state flag.
He grinned as there were shouts of Newsom twenty twenty eight,
and he suddenly sounded like he's already on the campaign

(24:29):
tack talking policy.

Speaker 13 (24:30):
That's going to be my focus, financial risk, cost of living,
and competitiveness.

Speaker 12 (24:36):
Sound like a campaign stopped to you next, use some
heads to the climate conference in Brazil, while the Trump
administration is sending no one to that UN climate change event,
says Newsom.

Speaker 15 (24:45):
Getting in for my kids and grandkids, for common sense
for our economic future.

Speaker 12 (24:52):
Newsome also continued to slam Trump with sometimes bizarre social
media posts, including one where he portrays the President as
France's Antoinette, with a caption, good night peasants.

Speaker 2 (25:03):
Good to talk to you, and we'll see on Wednesday, Apprecia.
He's been busy over the weekend. Aubarn was there. They
seem to have done a deal where the sanctions imposed
on everybody on the Russian thing don't apply to Warbarn anymore.
Then he's not going to G twenty because he's fixated
with the white people in South Africa being persecuted and killed,

(25:25):
even though it's highly debatable whether the large numbers of
white South Africans are being persecuted and killed. Then we
come to Serbia, where the parliament passed a law over
the weekend that paves the way for a property development
by Jared Kushner in Belgrade, which is highly controversial, not
finished yet. And then we come to this morning's reportage

(25:46):
from Adam shepton O Less of ESPN. Trump wants the
Commander's Washington Football NFL to name their new stadium after him.
That would be a beautiful name, as it was President
Trump who made the rebuilding of the New state impossible.
This is Carolyn Levin. It's starting to get really really mental.

(26:07):
Ten away from seven.

Speaker 1 (26:09):
The Mike Hosking breakfast with a Vita Retirement Communities News
togs had been.

Speaker 2 (26:14):
Just putting Hadja for a second time. So it'll be
a two stop Will it be a two stop race?
They're going to go all the way to the end
on mediums. Difficult to say at this particular point in time.
Lawson is currently eighth, but the field is shaken up
with all of the various pit stops at the moment.
But that would be about right, wouldn't he. He's certainly
in the top ten. He'll be traveling while I'm assuming

(26:34):
there's one more pit stop to go before the end
of it. Piastre is still leading ahead of Norris, but
Piastre's got a ten second penalty. Antonelli is still up there,
Russell's still up there. Oliver Bearman is fifth, followed by
the Steppen just called it a day. By the way,
Hamilton's out, so Leclaar's out brought a Letto's out. Hamilton's out,

(26:55):
So if you can survive, you might do okay. By
the way, the election in Tanzania we told you about
last week where this woman Hassan won the vote with
about ninety eight ninety nine percent of the vote. Even
the African Union this morning because of course the people
are still on the street writing and killing each other.
And Tanzania, if you follow African politics, has been sort
of a beacon, if you like, for peace and stability

(27:17):
in Africa for years, and that all seems to have
gone up and smoke, and even the African Union have
come out and said there's something not right here, no kidding.
Five minutes away from seven, the ins.

Speaker 16 (27:28):
And the outs.

Speaker 1 (27:29):
It's the fizz with business fiber take your business productivity
to the next level.

Speaker 2 (27:35):
As we mentioned, a lot of interest in wall streets
opening tonight. Arrive to night. Our time analysts are standing
by the sea of all those AI losses of last
week can be gained back or the peak is over.
We got wiped well, two point one trillion of our
dollars got wiped off. Just eight of the largest tech stocks.
Last week worst week for wall streets and tables, Liberation
Day and the tariff announcement. NASDAK fell over three percent.

(27:55):
That's across the week, and video shares fell out of
seven percent. Pallanter fell over eleven percent, their worst week
since April. Oracle, who were on a tear, They're down
almost nine percent. They've arrested all their games after that
thirty six percent game back in September when they announced
the open aideal and everyone went, oh, that's right, Oracle.

(28:15):
I remember Oracle flying under the old radar. Microsoft down
over eight percent, well over eight percent, eight and a
half percent over eight days, now in track for its
longestreak of daily losses in fourteen years. Tesla, Amazon, Alphabet, Apple,
They're all down. Amazon is shedding staff like this not tomorrow.
But don't worry, the robots will say, Tesla. Well, ever,

(28:36):
a guy can't put out a roadster. He'd started talking
about the roadster in twenty seventeen. Right, if he can't
put out a roadster, how's he selling a million bloody robots?
And come on? A consumer sentiment down six point three percent,
record laugh fifty two point three So that's still expansionary.
That's the last number, by the way, since nineteen fifty one.

(28:58):
It's a drop of over eleven percent in last month
and over thirty percent since last year. Overall confidence in
the economy lowest level than three years, which was when
inflation with US at its picture in COVID. But the
President will tell you everything's fantastic, Thanksgiving, dinner's never been better,
and all's well with the world. He's at the Commander's game,
by the way, that thing from a shifter. He's at
the Commander's game at the moment, and he's involved in

(29:20):
some sort of half time and funsie. So we'll see
how that goes. The meth announcement from the government. Is
this real or just a Sunday announcement? The Justice Minister
will as shortly the Prime Minister in the studio after
seven thirty right here on the Mike.

Speaker 1 (29:31):
Hosking Breakfast, Credible, compelling, the breakfast show.

Speaker 3 (29:36):
You can't bess.

Speaker 1 (29:37):
It's the Mic Hosking Breakfast with the Defender Embraced the
impossible news.

Speaker 3 (29:42):
Tom's dead bes.

Speaker 2 (29:43):
Seven past seven laws and currently fifth forty nine laps
gone of seventy one. But he will have to put again,
he's getting on increasingly old tires. Now to the news
of the weekend. What do we make of the so
called meth crackdown. Meth consumptions doubled in the past year.
The damage is estimated at one and a half billion.
We have joint maritime operations between Customs Defense and GUCSB,

(30:03):
boost of police enforcement, Tupper Border Security. Baul Goldsmith's Justice Minister.
It is with good morning morning Mike. In part of
the announcement yesterday, did anyone think about some penalties for
the people It's all very well, giving thirty million dollars out,
what about the people who peddle this nonsense and go
to jail? Did anyone think about penalties and increasing those.

Speaker 17 (30:20):
Well, we've been doing that for the last two years.
You might recall that when we came and we brought
back three strikes legislation for the most serious repeat offenders,
and we also changed the sentencing lads to reduce the
amount of discounts that judges can offer to people who
are sentences.

Speaker 2 (30:34):
So look, it've been very focused on that.

Speaker 17 (30:36):
The hardening of our judicial response or legislative response has
already happened.

Speaker 2 (30:41):
How much this is about yeah, how much of this
is offshore? In other words, these people who peddle the stuff,
make the stuff, shipp it out to this country will
never see them in our jurisdiction.

Speaker 17 (30:51):
Well, well, I mean there are three basic elements to
our response. Which is trying to stop the stuff coming
in at the first place, which is working up in
the Pacific beyond, and that our borders to stop it coming.
And secondly, it's about the distribution within New Zealand, which
is around organized crime and gangs. And thirdly, it's about
reducing the demand for it and dealing with the demand

(31:11):
because you can you can spend your whole life focus
on the first two, but if you don't deal with
the demand, you're not going to get very far. That's
why it's a comprehensive plan looking at all those different angles.

Speaker 2 (31:19):
What has happened to this country?

Speaker 6 (31:21):
Pool?

Speaker 2 (31:21):
I mean when you say it's double, method is doubled.
What on earth is going on? Well?

Speaker 17 (31:29):
The main driver is that there's been a flood of
supply and the prime and that a.

Speaker 2 (31:34):
Flooded supply of wine atque. I'm not buying that.

Speaker 17 (31:37):
Explain that explains it?

Speaker 8 (31:39):
Yep?

Speaker 17 (31:40):
Look, I mean that there's an existential question you've got there, Mike,
and I don't have the answers to that, other than
the fact that this is a scourge on society that
we need to keep on battling against every day, finding
new ways to combat the organized criminals who are doing this,
but also dealing with the better rehabilitation, and actually, for
the first time, sending a clear message through a hard

(32:01):
hitting media campaign.

Speaker 2 (32:02):
This is not a good idea to get involved in
any way. In all honesty, is a hard hitting media
campaign to your average Dare I suggest unemployed go no
where meth addict? Is that going to make one jot
of difference?

Speaker 17 (32:17):
No, but it may stop some people taking the risk,
And no single thing on its own is going to
solve the problem. Of course, a campaign's not going to
deal with a hard and sort of meth addict, but
there may be a young person who's thinking about it
who if they get a clear message. This is not
something you could use moderately. It's not something just to
have a deal of a devil with. It's something to

(32:37):
avoid at all costs, because some people, just one SHOT's
enough to lead to a decade's long spiral of chaos
and destruction. And that's what we want to send a
clear message about.

Speaker 2 (32:45):
Back at the start of this the Pacific slack. Are
you worried about what the Pacific do or won't do?

Speaker 17 (32:51):
No, But it's challenging, definitely, very challenging. There's been a
huge increase coming from South America through the Pacific, and
so part of our responses to to get more forward
leaning with customs, the defense forces and our security forces
all pushing up into the Pacific in order to help
them deal with their situation before it comes to New Zealand.

Speaker 2 (33:11):
What are the KPIs on this? When do I get
you back to say you've done something tangible?

Speaker 17 (33:15):
Well, I mean this is one of those things where
we have a hard measure and we can't escape it.
That is the waste water and responses. You know, it
doubled a year or so ago. It's come back a fraction,
but nowhere near back to where it needs to be.
And our gold courses to bend the curve right back
down and start to reduce the amount of meth and
in our wate water.

Speaker 2 (33:34):
Well, I wish you well with the Paul Goldsmith, Minister
of Justice. Obviously a comment from the Prime Minister after
seven thirty this morning, it is eleven past seven. As
far as the border is concerned, Police Customs is going
to partner with the international agencies on this new task force.
Jamie Bamford, as the Customs Deputy Chief Executive Operations and
as well as Jamie Morning Morning might tell you, well,
thank you. Are we on the right track here? Is

(33:54):
this something There's something material going to come out of us? Yes?

Speaker 14 (33:58):
I think so. I think this is just about making
New Zealand harder to reach for organized crime and just
hardening the border, and I think that will have an effect.
We have some excellent relationships with our international partners which
see them sees drugs headed towards New Zealand. Just this
year alone, nine hundred kilos of meths seized by our
partners headed for New Zealand.

Speaker 2 (34:19):
See. The thing that makes me suspicious of all of
this is we should be doing this anyway. Is there
something we're lacking? Is it attitude or money or equipment
or resource or what.

Speaker 14 (34:30):
No, we are doing it already. What we're facing is
scale and an aggressive, well funded, agile organized crime. You know,
they move at the pace of technology. We kind of
move at the pace.

Speaker 6 (34:41):
Of the law.

Speaker 14 (34:41):
That's why we have some sort of legislation hopefully about
to hit the house. But I think this will give
us the ability to breach some gaps and as we
talk about the Pacific, actually be a bit more proactive,
have more presence out there on that vast ocean. That
just makes it, again New Zealand harder to reach.

Speaker 2 (34:58):
What's the bigger problem from your point of view? Is
it the demand or is it the supply?

Speaker 14 (35:05):
Probably, to be honest, I think this is quite a
supply driven issue. You know, organized crime is very entrepreneurial.
They see a market, we pay amongst the highest prices
in the world. They flood us. And then obviously we
have gangs here who are quite happy to payd all
this misery to some of our poorer areas. And then
it takes off and you know, we pay, as I say,

(35:26):
among the highest prices in the world. We're about one
hundred and twenty thousand dollars for a killer of meth wholesale.
It's about five to seven thousand dollars in the States.

Speaker 2 (35:33):
Are we stupid? I mean, explain to me why not
only do we want to inhale meth or take myth
or whatever the case, but we're prepared to pay over
the old story. How stupid are we?

Speaker 15 (35:44):
Yeah?

Speaker 14 (35:44):
I couldn't really comment on that on that mic, but obviously,
you know the I think the gangs see the profit
in it, and they push it. And there's you know,
sort of some evidence about them pushing that rather than
the good old cannabis, et cetera, because there's more of
a margin in it, and when they've got your captive,
they can kind of get your hooked and exploit you.

Speaker 2 (36:01):
Well, I wish you were with it as well. Jaan, God,
it's depressing. We're such a bunch of backward nineties. Thirteen
minutes past seven. That's before we get to what I
regard is probably the most important story of the weekend
that virtually no one covered, apart from mister Traney, who
works with a herald, who warned us to what Ian
Rennie is saying the Treasury secretary. He says, we're not growing.

(36:24):
We're not going to grow out of this in terms
of the economy. We are not going to grow our
way out of the problem. We're currently in income. I'll
give you the debt numbers later. Actually I don't have
time for it now. But his point is we're going
to have to sell some massets. Now I'm going to
talk to the Prome minister about this, not in a
you know you're going to do you know, is this
going to be part of the election campaign? Oh, you know,

(36:45):
all that sort of stuff, But in the trying to
have a serious discussion about this, he is arguing that
the only way we're going to dig our way out
of this hole is to sell some stuff. So the
list of stuff we have, and this is the problem,
starts with Rhodes. Now we're not selling our roads, hospitals,
from not selling those national parks, from not selling those classrooms,
from not selling those military equipment. So I'm going down

(37:07):
this listen and thinking what the hell is it were selling?
We get down eventually to Air New Zealand the Gen
Taylor's KiwiRail kiwibank and TV and Zaid TV and Z's
worth three cents. So I reckon, we're in a hell
of a spot here. So more shortly fourteen pasted the.

Speaker 1 (37:22):
Mike Asking Breakfast Fall Show podcast on iHeartRadio.

Speaker 3 (37:25):
Howard By News talks at.

Speaker 2 (37:27):
B Lawson currently seventh He's going to need to pitch
shortly and then it will be all on because the
top of the field of basically as far as I
can work out of finished petting. So the order currently
is Norris, Antonelli, Russell, the Stapp and Piastree, Berman, Lawson,
Holkenberg and Hedger for the top ten. Right. Still got
trouble the Cooks. Quickly we're pushing Moraid or pausing Morad.

(37:49):
Talks broke down again. This is all over China. Of course,
we paused eighteen million back in June. Now another payment's
been suspended, so we're up to thirty million. That's not
going their way. Steve Hoadley, international relations expert with the
Steve More, Good morning, Mike. How much of this is
Mark Brown versus just the Cooks generally?

Speaker 15 (38:05):
Well, you wonder is it personality because Winston Peters has
a long history of agitation with the Cook Islands, going
way back to the wine box scandal, now when you
and I were just youths, and it's still going on
to the present day. But I think there's a serious
diplomatic issue here. Cook Islands has broken the protocol, has

(38:26):
violated the twenty twenty one agreement, has embarrassed New Zealand
by going and sunning these agreements with China and not
informing US. So I think Cook Islands are in the
wrong here.

Speaker 2 (38:39):
And nobody disagrees with that. I don't think do they.
So basically is we waite for them to acquiesce or not,
And that's where it sits.

Speaker 15 (38:47):
If they're not going to acquiesce, they're going to turn
to China, They're going to float a thirty million dollar
loan from China's Asian Infrastructure Investment Bank and go further
into debt to China, and Cook Islands is going to
slip away from New Zealand's influence.

Speaker 2 (39:04):
And is that isolated to the Cooks or does that
then become a problem in the Pacific generally?

Speaker 5 (39:09):
Well?

Speaker 15 (39:10):
Is the same things happening in Solomon Island's Visa VI Australia,
the same things happening in Palau the United States. Neither
of those two countries have suspended AID. New Zealand is
the only one to suspend AID, which I think just
opens the door for China to walk in further and
have more influence. So I'm not sure this is a
great idea.

Speaker 2 (39:30):
Or I must to catch up pressure. Steve Hadley, international
relations expert by the way, just developing. The BBC Director
General no less has quit. Tim Davies gone. CEO of
News Debra Turnus she's gone as well. This is after
the Panorama scandal in which they did. I'm assuming most
of Panorama's gone, but these are the two headline acts.
But when the BBC Director General goes out of this,

(39:53):
the BBC is in crisis. Twenty past seven.

Speaker 1 (39:59):
The Mic s King Breakfast Full Show podcast on iHeartRadio
powered by NEWSTALKSB.

Speaker 2 (40:07):
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and you're saved with about Health HSKI seven twenty four.
Battle of the Bank BS is back. B and Z,
who announced their profit last week, talked to the strong
competition out there, but I hope their margin went up

(41:12):
up six points to two point four to three. So
if there's so much competition, how can the margins up?
Then came the claim from the Reserve Bank among others,
that the big banks are being tardy when it comes
to passing on the RB cuts to us punters. Now
smaller banks are sharper, apparently, SBS. They claims they've hoovered
up by almost six thousand new customers as changing banks
has become easier. Remember SBS last week put out their

(41:34):
three point nine to nine money limited to certain people,
but a market leader. Nevertheless, now tied into all of
this is the retail bank's long held argument that the
margins higher because they need the cushion because the reserve
bank makes them store away too much money for troubled times.
But but, but, but but those rules are changing and
changing in the retail bank's favor. In other words, less
money is required. Therefore, in theory smaller margins. You can

(41:57):
also put in there the simple truth that has always
been and play. There is nothing stopping us shopping around.
We have a good number of retail banks, and they
do do deals. I know, I've done deals. Some banks
will shave decent margins to get your business. Trouble is,
a lot of us are too lazy to try. Moaning,
you see, is easier than hustling. So who's right? Here?
Are the retail banks tardy?

Speaker 8 (42:17):
Is it?

Speaker 2 (42:17):
A major issue? Is Nikola Willis right when she says things,
and by things she means rules need to change. I,
of course have long argued Willis's too much hype and
it's not all that bad. But I'll tell you what,
I'm increasingly moving towards accepting that I might be wrong
on this, as the RB points out, as wholesale rates drop,
the margins have risen, and on latest numbers they are
keeping on rising. Maybe God forbid Adrian All was right

(42:42):
when he used to come on this program and lambas
the banks for making too many excuses. What I do
know is the conditions are increasingly right, either through the
wholesale rates or the changes to reserve bank rules for
us to see one the margins fall, and two the
cuts to be passed through in full and faster. The
longer that takes to happen, the more we need to
see the big banks potentially as a problem and bad

(43:06):
actors in the economy. Asking this is Davy from the BBC.
He's just quit over the Panorama scandal. He claims it's
entirely his decision. I am working through exact timings with
the board to allow for an orderly transition. I've been
reflecting on the very intense personal and professional demands of
managing this role over many years in these febril times,

(43:27):
combined with the fact that I want to give a
success a time to help shape the charter plans they'll
be delivering whatever overall the BBC is delivering well, but
there have been some mistakes made. But as Director General
I have to take the ultimate responsibility, so on that
good on him. The head of News is gone, as
I mentioned Amima Togo, and I'm assuming those responsible within

(43:50):
Panorama are being booted out the revolving door of the
BBC as we speak as well. But for every public
broadcaster in the world that labors under this apprehension that
they are so how biased and funnily enough, I shall
come back to Radio New Zealand in just a couple
of moments with the Prime Minister because they had a headline.
I read the boot Camp report on Friday. That didn't

(44:10):
get the coverage it deserved either, But I read the
boot Camp report. The Radio New Zealand headline is as follows.
Implementation of boot Camp rushed report concludes that, in my
humble opinion, is one not the conclusion and two is
not true. So why is it a headline? And by
making it a headline is it biased?

Speaker 15 (44:31):
More?

Speaker 2 (44:31):
Were the Prime Minister for you shortly?

Speaker 1 (44:33):
Yeah, no fluff, just facts and fierce debate. The Mic
Hosking Breakfast with Bailey's real Estate doing real estate differently
since nineteen seventy three news talks head.

Speaker 2 (44:45):
Be Brazil's just finished.

Speaker 18 (44:47):
Laws and is currently in seventh, but he is dragging
the rest of the fields towards the line. Here seventh
place is there for limb laws and super performance and
a want stop strategy.

Speaker 2 (45:01):
Yeah, that'll be the talking point for the day, the
one stop strategy, because he had old ties by the
end of it. So Norris won at Antonelli was second
and to staff and came from the back of the
field to come in third. So that is Brazil done
in Dustin for another year. Twenty three to eight. The
Prime Minister is Withersbury. Good morning to you, Mike. How
are you. I'm extremely well. A couple of quickies if
you wouldn't mind. India last week? Did we make progress

(45:21):
the things good? Are we going to get across the
line and win? Yeah?

Speaker 19 (45:24):
Things are going on a good momentum, positive constructive. Minister
Goyel coming down here when he's probably most in demand
sort of man and trade around the world. And then
Todd McClay will go to India this week as well,
So we're making good progress. There's some tough negotiations going on,
as you could imagine, but we're very committed to getting
it done.

Speaker 2 (45:40):
Good as talking to Katie over the weekend, we we
surmised that it was this last Saturday, this previous Saturday,
will be the election next year?

Speaker 9 (45:48):
Was that?

Speaker 2 (45:48):
Your guess is that you again early November sex or
seven of November where we can I'll come out and
announce it earlier in the new year. Do you reckon?
But I mean again, right, any thought at all? Are
you going to No, I'll do that over summer. None whatsoever. No,
I'll give but do you go as long as possible?
Would you? We'll see. Let's what we're a go early
is you're not going to put on this. You're not

(46:11):
going to call a snap election, aren't you? Now?

Speaker 19 (46:13):
Now, did you read the boot Camp report. I haven't
had a chance to read it fully, but I know
what's been going.

Speaker 2 (46:19):
What's been going? What would your summation of it be? Yeah?

Speaker 19 (46:22):
Look good if it some good things that work really
well on the residential components. In fact, we'd like to
put more of that stuff into the broader youth justice facilities.
Some real challenges when the kids came out and went
into the community again. And now we've got our yso
legislation coming through, we'll actually have a new cohort starting
up in the boot camps earlier in the new year, and.

Speaker 2 (46:42):
We hope to sort of perfect it.

Speaker 19 (46:43):
But at the end of the day, look, I'm going
to keep trying these things because actually the message we've
sent young people is that youth offendings down sixteen percent,
RAM raids are down eighty five percent, and this is
an important element of it.

Speaker 2 (46:54):
So here's here's the reason I raised this one. It
was I read the summation of it and it seemed
to have the good and the bad and bits and pieces,
and so that that's what I would have expected. Radio
New Zealand's headline was implementation of boot camp rushed. Report
concludes that that is not the conclusion, though, is it.
It's mentioned, but it's not the conclusion.

Speaker 19 (47:16):
No, the conclusion is I think, you know, there were
some parts that worked well, some parts that need to
be improved, but it's an important element. And the bigger
point is that when did you last see serious youth
offending down sixteen percent in this country?

Speaker 2 (47:27):
Exactly? So my concern again is that this is a
state funded organization that is showing a level of bias
that I would be concerned about. Are you concerned about that?
Because if I saw the headline as a punch in
New Zealand, I go right, government waste of money.

Speaker 19 (47:40):
Yet again, Mike, if I got bent out of shave
every time I have a negative headline from the good.

Speaker 2 (47:44):
Stuff the government, it's not a negative headline. It's a
false negative headline. And that's the key to it. Is
it that that's a question for people in media.

Speaker 19 (47:53):
If you had a media watch organization, would be a
good discussion to have with them. For me, I've got
to get on and actually get youth a fending down.

Speaker 2 (47:59):
Okay. Do you from summation of the report, though, is
there enough because the criticism was that you're spending quite
a lot on it bang for buck. Is there enough
good in there to justify I think there is.

Speaker 19 (48:09):
One of the big takeaways was the community stuff and
the support we were able to give those kids when
they're unresidential was really fantastic. We'd like to extend that residential,
I suspect, but there are principles in the way and
that support that we give those kids that we should
build into the youth justice facilities permanently. Anyway, and so
that's where we've oftenly got to get to. But it's
one element, and what I'm proud about is genuinely the

(48:30):
fact that it's down sixteen percent, which is fantastic.

Speaker 2 (48:32):
The Cooks. I wonder if Peaters is wrong. Peters has
long argued friendship counts. I don't think it does. Doesn't.

Speaker 19 (48:39):
Well, the issue here is we're good with the Cook Islands.
People love them, fantastic, but we're very frustrated with the
Cook Islands. Government is a government or Brown. It's promise
of Brown and his government. He represents that government. I mean,
we have an issue, which is that we have a
responsibility constitutionally for the defense and security of the realm,
which includes the Cooks. Is one of the realm countries.

(49:00):
We provide budget money to them on the basis of trust.
Our trust has been broken. We want that restored.

Speaker 2 (49:05):
Yeah, but it's not going to be. That's my point.
We all know, and I don't think anyone disputes the
Cooks are in the wrong here, but thirty million clearly
accounts for nothing. He couldn't give a monkey. Well, let's
find out, I mean, well we are finding out.

Speaker 19 (49:16):
Well, we've escalated it, and so we want those officials
working together to get those give us the mitigations that
we want and the trust are restored.

Speaker 2 (49:23):
Okay, was yesterday on the myth just a Sunday announcement
because I can't work out what the problem is. Myth's
not new, the boiler is not new, the problems aren't new.
I mean why all.

Speaker 19 (49:32):
Sudden were shifted. I mean, one is you've had a
doubling of meth consumption. Maybe other drugs are down, myths
up because it's cheap, but relative to the rest of
the world, myth in New Zealand is expensive. We're up
against now big Mexican drug cartels that are actually sending
boat submarines into.

Speaker 2 (49:46):
The Pacific, but none that's new. Well, well, it suddenly.

Speaker 19 (49:49):
Has changed a lot from what I would understand what
it was five years ago versus where we sit today
in the last two years, and it needed a serious response.
That's why I tasked those ministers in March and say, look,
we've got to do something different. In addition to everything
else it's gone going on, there are some things that
we can do differently about and then working with our partners.
I mean, if you talk to the Prime Minister of
somemr as I did last week. You know it was
a new prime minister, very much on his agenda. Tom

(50:11):
is concerned, Fiji's concerned, Australia's concerned.

Speaker 2 (50:13):
We're concerned. So we've got to work together on that.
One of the things we've held off on doing until
we saw what happened in Australia. I'm assuming you're aware
of this. The under sixteen social media ban. The tech
company's acquiesced. So will we go forward with that now? Yes,
we will. We go forward with that.

Speaker 19 (50:27):
We'll have a version and put some legislation in place
before the election.

Speaker 2 (50:30):
The local content subsidy are they acquiesced on last week
in Australia as well? So your Netflix is going to
pay you ten percent of their income and they're going
to make local production. Can we do that here now?
Is something that Goldsmith will look at?

Speaker 16 (50:42):
Yep?

Speaker 2 (50:43):
Is he still looking at He does a lot of
looking that guy. I mean he's done a good job
on myth.

Speaker 19 (50:47):
Just on Sunday he has Why are you so skipped
about the myth?

Speaker 2 (50:52):
Well, because it's not a new problem and it's like
it's been going on for years. I'm not saying it's
not a serious problem. It's been going on for years, and
the problem is massive, and thirty million dollars on a
Sunday afternoon via press release doesn't materially I mean what
we should be asking is not necessarily a faulding. But
I mean we pay more in this country for meth

(51:13):
than anywhere in the world and the amounts doubled. How
stupid are we? Yeah, I mean, come on, well.

Speaker 19 (51:18):
The fact is that our prices in New Zealand have fallen,
but they're still seven to fifteen times high, and they
are in North America, and that's why it's attractive for
those international crime organizations to move into this part of
the world, which we haven't seen before in the levels.
There's something about us, though, doesn't it. What's that in
terms of New Zealand as a country. Well, it may
well do. But the point is that's a problem. It's
impacting individuals, families and communities and we've got to try

(51:39):
something anyway.

Speaker 2 (51:39):
Anyway, back to Goldsmith, so the local subsidy. They also
in Australia last week announced a journalist fun as well.
All I'm asking is that was stuff we were waiting
on to see if it was going to work in
Australia appears to be going to work in Australia. So
as a result, will we now push forward on those
three things? I suspect here we wanted to progress those things. Yep, okay, good.
Renny Ian says, we are not going to grow our

(52:02):
way out of this. We need to sell some stuff.

Speaker 19 (52:04):
You're talking about the report about asset sales fromich Istry
last week.

Speaker 2 (52:07):
Yeah.

Speaker 19 (52:07):
Look, I mean I think well, first and foremost I've
said we're not going to do asset sales this term.
We've got an election policy to develop for twenty six.
I think your points are fair one, which is and
the report's a good challenge, which is actually I think
we need to have quite a mature conversation about assets
in New Zealand. I think it's been a very simplistic
one of you either flog them off or you keep them.
But you and I don't have the same cars that

(52:28):
we had when we first started, and we don't keep
our assets forever. And actually, when you look at what
k saver funds do or super funds do, they rotate
assets through a portfolio, you know we should be thinking
about whether that's the right thing for us to be
doing too.

Speaker 2 (52:41):
How would we do that? Because in looking at the list,
I mean the roads, the hospitals, the national parks. That's
not real as far as I can work out, correct
me if I'm wrong. But in New Zealanders, Gen Taylor's
are Kiwi railers, Kiwi bankers, TV and Z although it's
not worth anything is yeah? Is that where you look? Yeah?

Speaker 19 (52:58):
I mean, first and foremost, I don't think our government
agencies do a very good job of managing their assets
in general. In fact, we're the fourth worst and the
OECD and running an asset management Fifty percent of our
most capital intensive agencies haven't had asset management plans, which
means they don't even know what they own and where
the assets actually are. But if you look at something

(53:18):
like Palmu, which is a whole bunch of farmland that
the government owns and runs, why do we do that
agriminal Because like for the next out to what twenty
thirty one, we're going to have high prices for protein
and red meat. We're pretty bad, I imagined as a government
run farm relative to other farmers doing that job much better.
And that could give young farmers an opportunity to get
into some land. So then you say, the money that

(53:39):
we get out of that might be better spent building
out a road that actually ends up creating a whole
bunch of economical on that track.

Speaker 2 (53:45):
Do you go though? That's I mean, Palm is probably
your best example, But you go down to Jim Taylor's
the politics gets in play, doesn't it. Yeah, there will
be a whole bunch of politics.

Speaker 19 (53:54):
But I think I'd like to keep it a level
up and have a principled conversation reckon you can do that?

Speaker 2 (53:58):
Well, I'd like to.

Speaker 19 (53:59):
Try, because I think when you look at Tamasak, which
you labor, had a policy a couple of weeks ago
on what they call their future fund where they said,
we're going to put all these assets together in a bucket,
but then they're not going to rotate or recycle the assets.
Well to mark success is it from nineteen seventy four,
I think.

Speaker 2 (54:15):
It was to today?

Speaker 19 (54:16):
They've cycled assets in and out of that portfolio in
much the same way a super fund does.

Speaker 2 (54:20):
Or key we say that, do you agree with the
I just don't want to get into this clickbake discussion
about who's going to see all assets because this is
too important for This is really broadly speaking correct though.

Speaker 19 (54:31):
I think it's a good challenge. I think there is
a lot that we can do around government efficiencies. For sure,
We've got a hell of a long way to go
still there. I think we can grow the economy quickly.
But I think this is a legitimate, good conversation for
us to have. But it needs to be more mature
than what we've had in the past, which is it
does become political really quickly. It becomes very emotive very quickly.

(54:51):
But there is genuine case for if you look at
the success stories of Singapore and other places, you know,
recycling assets so that actually the New Zealand tax payer
gets money from assets that then is deployed to another
assets that actually creates value for.

Speaker 2 (55:04):
Them that is more useful for them. That's that's good.

Speaker 19 (55:06):
And as I said, it's like I think about this morning,
it's like no different from you, I said a nineteen
sixty two Riley off. I don't own it anymore, you know,
so you track, you know, you don't own your assets forever.

Speaker 2 (55:17):
Good to see you. You're not seeing anything big this week?
Well you got anything? You're on the bubble this week?
You know this, don't you know this? Can I just
give you one small piece of advice in question time
hardened up when they asked you last week about that
homeless thing. Yeah, I saw it was only a review
to make that movement. But I own it and answer

(55:37):
the question. Well, I have owned it because I'm very
afterwards at the time, you know. But the question I
was asked, is am I banning homelessness passing the laws
technically tex So here's the question you asked me. I
know I'm not. We haven't passed a law on that.
We haven't discussed it. But I'll tell you what we do.
Downtown Auckland's buggered and I'm going to st I'm going
to clean it up and we to start next week.

(56:00):
Sit back down, hipkins, I'm in charge. That's that's where
you're going with that.

Speaker 8 (56:03):
All right?

Speaker 2 (56:03):
Thank you for the one. I want to take it all.
Leave it twelve minutes away from eight.

Speaker 1 (56:10):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by the News Talks.

Speaker 3 (56:15):
It'd be.

Speaker 2 (56:17):
Thirteen minutes away now, It's not what am I saying.
It's nine minutes away from eight. A very good piece
of reading over the weekend Bruce Cottrel which I read
every weekend or every weekend he's in the paper. He's
talking about the MALAYSI I mean, it's not related to
the method, is kind of. I mean to the extent
that there's a collection of New Zealanders who simply don't
want to get out of their own way, and I
just don't know what to do about it, in the

(56:39):
sense that it's all very well saying and here is
thirty million dollars and we're going to do lord knows what.
But I was just trying to point out that the
prime minters and none of this is new We heard,
writes Bruce, that the average employee takes six and a
half days of sickly per year, but government workers take
eight point four. Why the difference? Good question. We used
to say that having a job was a privilege, but

(56:59):
at the time when we need everyone contributing, we're seeing
too many people failing to treat it that way. With
the proliferation of privately owned businesses in New Zealand, we
would do well to remind ourselves that there are plenty
of employers out there at the moment paying their people
in full despite depressed profits. While they themselves go without

(57:21):
excellent point, So why are we so disillusioned with work?
It's pretty easy to come to the conclusion that we
just don't want to work anymore. And so goes the
Great New Zealand Malaise. It's a very good read, well
worth it. Seven away from.

Speaker 1 (57:36):
It, the Mike Honking Breakfast with the Defender and use
togs deadbs Mike.

Speaker 2 (57:41):
The reality is any cash generator from government asset sales
will disappear in the public service and welfare black hole,
like the one point nine billion for mental health. Better
to fix productivity first, Yeah, I'd like to think that's true,
but we've been trying to fix productivity for the last
twenty thirty years in this country. In fact, we've been
trying to work out what exactly productivity is. Mike selling
the assets bad idea. Once they're gone, no getting them back.
I say no to selling off on TIRA. Well, that

(58:04):
wasn't your choice, that wasn't a public asset. Fontira is
owned by the farmers. That's why Woodston didn't quite understand that. Mike.
One of the biggest issues facing Luckson is he's trying
to please everyone, including those who will never vote for him.
He lets the media get away with Endles Scotchia questions,
he looks weak, Mike Luxon, how can you not like him?
Fair enough? Mike good On, you love that finishing touch. Well,
I'm glad he saw it because hopefully it will do

(58:26):
something about it, because if you go back to question
Time last week, he wasn't there for a couple of days,
and Seymour was. No one loves the moment like Seymour
when he's playing Prime Minister, asking the questions, in fact,
to the point where the speaker continually goes back questions
and that answers too long. He's just got to own
the moment more as my advice, But as I said
as he left the studio, take it a letter. Andrew

(58:47):
Saville Jason Pine in the commentary.

Speaker 3 (58:50):
Box next, asking the questions.

Speaker 1 (58:53):
Others won't the mic asking Breakfast with Vida, Retirement communities,
Life Your Way News, Tom said.

Speaker 20 (59:00):
The dudes room mod.

Speaker 2 (59:04):
Itills no wrong, No one come all this.

Speaker 21 (59:09):
Sheet jarmy domination continues. But I dare you to have
imagined this. I challenge you to find fitter sporting theater
tenderus theon.

Speaker 4 (59:25):
Blecks, hang on twenty five venteen.

Speaker 16 (59:32):
It's high, it does not have discussed Mitchell underneath it,
big Hands taxis and the Western Lys falls short yet again.
New Zealand of Hell in.

Speaker 18 (59:45):
The It's a seventh win. In twenty twenty five for
the championship leader who extends his lead out in front.
Lando Norris wins the South.

Speaker 22 (59:54):
Hell of Drown.

Speaker 18 (59:55):
Saventh places there the more leam Lawson super performance and
a wan star spread. He holds off his teammate Isaac Catch.

Speaker 1 (01:00:03):
After the Monday Morning commentary barks with Spears Finance, Smart
Asset and Equipment Finance for Kiwi Businesses.

Speaker 2 (01:00:10):
And Jason Pine. Morning to you, Good morning, Andrew Sebill, Greetings,
Hello Michael, how are you very well? Indeed our some
was at Murrayfield said you could hear a pin drop
when the bagpipe started. And the Scottish very respectful of
the All Blacks, particularly respectful of the Harker. And he's

(01:00:30):
been at a game in London and the Poems compared
to the Scots and Boorish, and it was a great day.
And it was the best day he had had in
Edinburgh in the three years he's been in Edinburgh.

Speaker 4 (01:00:42):
Wow, it's a great experience Murrayfield when the All Blacks
are playing. They've been here a couple of times. And
the Flower of Scotland the anthem when they sing that
if there was a roof it would lift off. It's
up there with the Welsh national anthem in the French
in Paris. So I'm please a good time. He got
home safely, he did.

Speaker 2 (01:01:02):
He called from the pub and he very very chatty
at the pub. And one of the things he was
telling us that that the buzz, the buzz at the
pub was that the All Blacks cheats is too strong
a word, but the Three Yellows were deserved and they
don't play a game that the Scottish were impressed with. Well,

(01:01:24):
three yellows, Jason, you can't argue they're all fair yellows.
Wouldn't They don't go round tripping people and you know,
chasing the ball when you know you're not supposed to.

Speaker 23 (01:01:32):
Yeah, Leroy Carter's one was probably the silliest of the three.
Wallace a tea. I hate the rule that you get
a yellow card for a knockdown, but they know the
rule and that's four yellow cards for the All Blacks
this year. Now for that very thing. So while the
rule might be you know in question, they know they
have to do better. It was sort of three parts really.
The first half all Blacks were good minutes forty to sixty,

(01:01:53):
Scotland came back into it, could have perhaps should have won,
and then it was the Damien McKenzie show that got
ushigh mercule and from him five minutes.

Speaker 4 (01:02:03):
Yeah, it was just that was out of this world.
You know, we see we see Dallan for the Worry
as another NROL players you know, fly in the year
and they what they do is extraordinary, but that was
something else to actually to actually stop and let the
defenders go through them basically and then twist around and
plant it with his left hand and stay in. It's

(01:02:23):
quite extraordinary. He often gets bad, Damien m kins. I
don't know why, but when he started at teen last
year in the end, I think people were quite hard
and stuck the boot in a bit. But I'll tell
you what, he's a he's a match when it and
he does stuff that other players can't.

Speaker 23 (01:02:39):
He was his role, isn't it twenty three twenty three
on his back. I know that he's a first five
and can play fall back. But for me guys that
that is his best position, isn't it coming off the
bench in whichever way finish Yeah, I finish it. And
to do things like that. He's a good clutch goalkicker.
He nailed that one from what fifty out with blood
pouring out of his face at the end.

Speaker 6 (01:02:57):
There.

Speaker 23 (01:02:58):
I just think for now, you, Damien McKenzie, you are
out impact twenty three players.

Speaker 4 (01:03:03):
They should have been up by thirty five forty probably
the All Blacks with the amount of ball and chances
they had. There just seems to be this. I've discussed
it with you before the third quarter of games. They
seem to go under the sheds and then come back
out a little confused or were too much going on
up top and they lose their way. But you've got
to hand it to them. They soaked up that pressure,

(01:03:23):
immense pressure at seventeen all yep, to just not blink
and then go on and win the game.

Speaker 3 (01:03:28):
Now that's it.

Speaker 2 (01:03:29):
I think they're going to go all the way. I
know England's a thing, and I know England a better
than Scotland. Yea, yeah, yeah, but I think they're going
to be. Okay, you as a big guy, sav who
is pacing and yet doesn't obviously look so you can
under answer me this question.

Speaker 20 (01:03:45):
What do you mean by that?

Speaker 4 (01:03:46):
Well, I'm pacy, but don't look.

Speaker 2 (01:03:47):
So well it's the Titi. So I've only sort of
seen somebody said the other day his prodigious speed, and
I thought, what And he clearly is fast, but he
doesn't look at does he?

Speaker 5 (01:03:58):
You know what I mean?

Speaker 9 (01:03:59):
He?

Speaker 4 (01:04:00):
I mean, he's a he's a he's he's an athlete.
I've seen him a few times without his shirt on
and he is built.

Speaker 2 (01:04:07):
Right was he on the field or is it your place?

Speaker 15 (01:04:09):
What was going?

Speaker 4 (01:04:18):
But he's very he's a good ballhand. Look that that
game he played bar the yellow card, that game was
right up there with some of his performances from last year.
He's just taken a while to get into it this year.
I think second year syndrome sort of stuff.

Speaker 2 (01:04:29):
But he is fast, yeah, quick. But you know how
some guys look fast, some guys don't. He's one of
those guys. He's clearly fast just and looked that fast
litt all.

Speaker 4 (01:04:38):
He reminds a bit of a Kira Yowani who was
a big, big lump of a lad. But he was
quick too.

Speaker 2 (01:04:43):
Okay, Jason, I need to talk to you about that
home derby thing in a moment.

Speaker 1 (01:04:46):
Thirteen past the mic Asking Breakfast Full Show podcast on
I Heard Radio News.

Speaker 2 (01:04:53):
Talks, He talks at me. Sixteen past eight the Monday
Morning Commentary Barks with Spears.

Speaker 3 (01:05:00):
It's smart asset and equipment fine adds for Kiwi.

Speaker 2 (01:05:02):
Businesses Andrewsbral Jason Pine, Jason, can we conclude now that
Auckland is simply a better side than Wellington and no
matter how often they play, that's how it's going to work.

Speaker 23 (01:05:12):
Yeah, I think we can probably make that assessment. Wellington
Phoenix must wonder if they're ever going to win one
of these things. You know, had a great chance on
Saturday night, you know, down to ten Auckland f C.
Then down to nine. Great energy in the ground. It
was a terrific occasion. I saw some reports that the
crowd wasn't great and numbers wise maybe not, but noise
wise tremendous. I think Auckland FC, if anything, are a

(01:05:35):
better team than they were last year when they got
within a game of the Grand Final having won the
Premiers Play. I mean to hold off a home team
with nine men for decent and portion of the game,
but also to score the goals that they did. Yeah,
they are. They are streets ahead of Wellington Phoenix at
the moment and the best team in the A League

(01:05:55):
for mine.

Speaker 4 (01:05:55):
I love I love the drama at the in mics,
Jason mentioned they were down to nine and they were
amped on their goal line. Basically all the players were back.
They're trying to soak up time. I think it was
nine or ten minutes, added Jason. Wasn't it commentary was
all right too.

Speaker 2 (01:06:08):
That added a bit of drama. You've got to get
the good commentators. And I didn't see it. But this
this cricket the black Caps Windys they said no one
was there. And then I'm reading about this new Rebel
was it right?

Speaker 4 (01:06:21):
The crowd and Nelson yesterday was pretty good?

Speaker 2 (01:06:22):
Yeah, okay. Then I'm reading about the New Rebel Cricket League,
and then Williamson was retiring but not retiring. There's too
much cricket. It's like it's like I don't even know
what's going on anymore between one Day and Odie Ies and.

Speaker 4 (01:06:39):
But look, I'm looking forward to test matches. That's that's
the that's the key is that case. But then, but
then there's no cricket until about March.

Speaker 2 (01:06:46):
Mike, Yeah, what I mean, why do we need it?
Do we need a new rebel league funded by more
Indian money? Man continue?

Speaker 4 (01:06:52):
It was if it was in January, the mid feb
in New Zealand and it had the best play, well
the best ki we was playing and I think they
would add a bit of interest.

Speaker 2 (01:07:00):
What Yeah, Because I was arguing with the Prime Minister
as well. He came in and goes, oh, you see
the league last night? I said, I get up at
two thirty. Stop hassling me and and it's like this
was a stupid competition that involved nobody. And so we
played some more in Australia. In Australia wasn't even in
the competition?

Speaker 3 (01:07:17):
Was that about?

Speaker 16 (01:07:17):
It was?

Speaker 4 (01:07:18):
What It's fantastic that all these nur role players are
playing with the country of their heritage and last night's
game was super. The Kiwi's effort in the second half
was outstanding. Dylan Brown signed for the Newcastle Knights for
what twelve or thirteen million? I thought, what on earth
are they doing? This guy is a handy player, but
last night he was on fire. I've never seen a
I haven't seen a test performance like that for a

(01:07:39):
very very long time from one individual player. So I
thought it was a great game.

Speaker 2 (01:07:42):
Did fore And play well?

Speaker 15 (01:07:44):
Yes?

Speaker 4 (01:07:44):
He did yet last game of it, Yeah, he played well.
Kean o' kenny, the young Titans fullback, he had an
outstanding game as well. They were down at half time
and they blew somewhere away in the second half.

Speaker 2 (01:07:55):
Great performance. Do you see it, Jason Iman? You see
Karen Foran's neck. It's an incredible neck.

Speaker 23 (01:08:00):
Yeah, it's a great neck. One of the great necks,
one of the great careers. Over three hundred first grade games,
thirty odd tests. Clearly emotional at the end of it.
You would be, wouldn't you watch? I watched the game.

Speaker 4 (01:08:11):
I thought, did I did?

Speaker 23 (01:08:13):
The someone fans boo, the boo the harker at the
start is what happened.

Speaker 2 (01:08:18):
Yeah, it's like teachers and that guy last week at
their conference. Why is everyone booing people? What's the matter
with them?

Speaker 23 (01:08:25):
It has the desired effect, it doesn't have the desired effect. Hey,
Liam Lawson this morning and over, we're probably going to
get to it. I might lead us there if it's okay.
Mike Seventh this morning, that seventh.

Speaker 2 (01:08:36):
When you start seventh, he started seventh, finished seventh. The
story for him is that he was milking his tires
to the end because if he'd gone another pit stop,
he wouldn't have finished seventh.

Speaker 5 (01:08:45):
So to hold hold.

Speaker 4 (01:08:48):
Yeah, absolutely, Finally some of their strategy actually worked today, correct.

Speaker 2 (01:08:54):
Oh yeah or not? You know that is true? And
had you What was important was Sonoda was nowhere and
Hadger was actually started ahead of Lawson but finished behind him.
So all of that stacks up well. And from all
the commentary I saw over the weekend, there is a
general sense that he's done enough. If you want an
up and coming team, this is for next year. If

(01:09:14):
you want an up and coming team, which is what
Racing Bulls is, you got a guy called Liam Lawson
who's only into his second season, and you got Lynd
Vladd who's in his first season. Why do you need
a guy called Sonoda who's in his fifth season without
the money from Honda, So don't worry about it. So
that's how that's going to play it up.

Speaker 4 (01:09:28):
So no, to give it up.

Speaker 23 (01:09:29):
What did he finish seventeenth?

Speaker 4 (01:09:30):
I know it's hard to drive, Well, it's the car.

Speaker 2 (01:09:32):
I mean if you look at the if you look
at the warm up in the practice, Vastapan was at
the back of the field as well. Both those Red
Bull cars are absolutely useless. They rebuilt the Stappin's car overnight,
literally as an engine the whole lot. So that's why
he started at the back of the field. He took
a penalty on it because they knew if he could
get a decent car it could end up which he
has in third. Whereas they couldn't give a monkeys about
Sonoda because he's nowhere anyway. So he got nothing, and

(01:09:55):
so he started at the back of the field ended
at the back of the field. I mean, it must
be a miserable time, mustn't he last three races to go?
Everyone know, you know, you know, everyone hates you, and
you're on your way out and it's just like, you know,
don't de doooill.

Speaker 4 (01:10:07):
I still think it's extraordinary mite and no, We've mentioned
this time and time again, but that here's this young
key in the thick of it, Hamilton and Fernando Alonzo
and he's beating guys like that, and he's tussling with
guys like that. It's still it's extraordinary and.

Speaker 2 (01:10:19):
That's the stuff that they will see. I mean, when
you've got a guy who's can can hold the field
on tires that are gone, that skill and that's what
you're investing in, and that's why he will have a
seat next season, because he deserves to be there. I
think had you the good news stories of the season
are Lawson had your and to a lesser degree, Barman there.
As far as the rookies go and those who have delivered,

(01:10:42):
they're the ones who deserve to be there in twenty
twenty six. As far as I can work out the
I don't have time to raise this, but I was
going to raise the Scott Barrett thing, the non playing sabbatical.
What's that about?

Speaker 4 (01:10:53):
Oh, that was signposted earlier in the year. Well, he
signed a new deal, right and as part of the contract.
A lot of these guys who've been around a long
time to have the ability to go and play overseas
and come back.

Speaker 2 (01:11:03):
Or take but non playing though, you lose your touch.

Speaker 4 (01:11:07):
He's been through a lot the body of his Oh,
for goodness sake, Sorry, they'll be okay.

Speaker 23 (01:11:14):
Sorry, I think they'll be okay, the Crusaders without him there.

Speaker 4 (01:11:17):
Yeah, Sorry for disagreeing with everything you've seen this morning, mate,
but you know that happens sometimes happened with the.

Speaker 2 (01:11:21):
Prime Minister as well. It's it's I'm starting to think it's.

Speaker 4 (01:11:24):
Me hey mate. The chocolate senders have been starting to
appear in the supermarket, so you'll be on leave soon.

Speaker 2 (01:11:33):
Maybe you can cry, Ah, I love you, shame you
not back next to you. So nice to see you.
Andrew Savill and Jason Pine eight twenty six.

Speaker 3 (01:11:42):
My Costing Breakfast with Bailey's Real Estate News Talk sid be.

Speaker 2 (01:11:47):
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(01:12:09):
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their thirty four r Vida communities across the country are

(01:12:31):
Veda dot co dot in z. That is our Veda
dot Co dot in z. Pasking number of you saying
what about Antonelli? I discount Antonelli. Yes, he's a talent.
Of course he's a talent. He's a ratic, he was
a ratic in the early part of the season, is
coming right now. But you have to discount him to
the extent that Beerman's in a slower car, Liam's in
a slower car, and Nelly's in a Mercedes, and you

(01:12:54):
can stick anyone in a fast car and they'll do
reasonably well. John Laws probably the most famous, effective and
successful broadcaster of the modern age in Australia. Alan Jones
might have something to say about that. But then things
went awry for Ellen towards the end of the career
and still to unfold. So John Laws has died overnight

(01:13:15):
at the age of ninety. Also, rich Oh Graham Richardson
died over the weekend. Steve Price with Moore.

Speaker 1 (01:13:21):
Shortly opinionated, informed, unapologetic if the mic asking Breakfast with
the Defender embraced the impossible news Toms dead.

Speaker 2 (01:13:31):
Be Friday Stateside. The woman who was shot a Virginia's
school teacher. She was shot by the six year old.
That was the reason it became headlines all over the world.
Of course, she sued for forty million and she got
ten So I don't know that solves her problems or
she feels better before it. But she sued the assistant

(01:13:53):
principle because the assistant principle was thought that the six
year old one had troubles. It was known he had troubles,
and it was suggested that they'd seen the sex year
old with a gun, but the principle at the time said,
we can't do anything about it. She failed to act. Basically,
there's a woman called Ebony Parker. She since resigned and
so she got sued and ten million dollars later. That

(01:14:15):
seemingly is that twenty three minutes away from.

Speaker 10 (01:14:17):
None international correspondence with Ends and Eye Insurance Peace of
mind for New Zealand business.

Speaker 2 (01:14:22):
In Australia's Monday Monesty Trust Greetings to you. Hello that
where does this Liberal coalition melt down? In real time?
How long does Susan Lee stay around for? Where? Where
does and how does this end?

Speaker 15 (01:14:36):
Yeah?

Speaker 5 (01:14:36):
Great question. They've got three meetings scheduled for this week,
while they need three, No one really knows. The situation
is you've got a group of Liberal MPs who were
known as the Moderates, and then you have the conservative
arm of the Liberals and several people on the back
bench and some National MPs are pushing hard for the
coalition to dump the net zero ambition. Susan Lee lined

(01:15:00):
up with the Moderates, so that's her problem. So what
they're going to try and do is come up with
a middle position, which will seem like they're just fluffing
around in the dark. To be honest, all they need
to do is say that we're not going to get
to net zero as a nation by twenty fifty. It's
an ambition. It shouldn't be a rock solid promise. We
should drop it, try and go as hard as we can.

(01:15:23):
But that should be as far as we go. Now,
that to me seems sensible. I mean, the the government's
not going to get to net zero anyway. So I
don't know really why they want to tear themselves apart
over this. All I do know these Moderates hold suburban
seats in Sydney Melbourne and they are the minority now,

(01:15:43):
I mean they've lost they're inner circle of suburban seats
the Liberals to the Teal Party mainly. And so what
we've now got is a situation where if you don't
dump net zero, the Conservatives are going to jump ship.
If you do dump it, the Moderates are, So they
come up with this idea that they'll go down in
the middle, that they'll say, look, we should be talking
about gas and nuclear and coal still being in the mix,

(01:16:06):
but we won't hold our feet to the flame about that.
So these meetings this week they'll tear themselves apart. The
answer to your question, it will weaken sis in Lee's leaderships.
You'll probably stagger through to Christmas and then they'll get
rid of it at the beginning next year.

Speaker 2 (01:16:22):
How much of this is about them having lost the election.
So in other words, if they weren't in the parlor
state they're in, this would never be happening. Or was
there some sort of deep division over climate in there
any way that was going to come out in some way,
shape or form.

Speaker 5 (01:16:36):
A bit of both. But I think you're very right
to point out that the election loss was so severe,
particularly losing those metropolitan seats. I mentioned that they now
feel that if they go hard or hard as the
Conservatives would like them to go on climate policy, they're
going to go backwards again. I mean, this is about

(01:16:56):
saving the furniture, really, that's what the moderates are trying
to argue. I think they'll land on this position in
the middle a couple of backbenches. Then we'll start to
make a lot of noise. Barnaby Joyce will probably go
from the National Party to One Nation and it's all
going to be a mess.

Speaker 2 (01:17:15):
I can't remember where you stand on John Laws. Did
you hate him or love him or somewhere in between.

Speaker 5 (01:17:21):
Well, the man died yesterday, age ninety. He was the
greatest talk about radio presenter Australia's ever had. I took
over his show when he retired briefly in two thousand
and eight, which I did for two years. We had
some run ins. He threatened to punch me in the

(01:17:41):
head in my office one day because I'd made some
remark about the color of his hair, which I always
found very odd. It was sort of this tinted green color.
So in that regard we were not mates. We lunched
together a few times. I did breakfast before he came
on the air. And this, I'm sure it happens exactly

(01:18:02):
we're hosting. When he arrives to do his show every day,
same thing would happen. A young man or was a
young man would wheel a red handmade leather chair with
the initials JL carved into it into the studio, and
on that red leather chair was a box containing a
golden microphone, and the golden microphone would be extracted from
the box and screwed into the into the panel where

(01:18:25):
he proceeded to do his morning show nine to twelve
every day. Is what happens when you arrived to go on.

Speaker 2 (01:18:30):
It's just wondering if you were telling a story or
just saying what happened this morning. I just couldn't separate
back and affection there for a Moment's see, where would
you rate them? Laws, Jones, Hinch.

Speaker 5 (01:18:42):
Laws one, Jones two, and Inch three. Probably yeah, that
not she didn't include me your thanks for that.

Speaker 2 (01:18:55):
Now, listen, you've got to stop this because I saw
the oscar thing. Do you know you think that was that?
That wasn't legit?

Speaker 5 (01:19:03):
He got squeezed. Where could he go?

Speaker 2 (01:19:06):
An he could have stopped it? He stopped for he
hit the next car.

Speaker 5 (01:19:10):
Well, well, Antonelli should have been wider if you slow
all that down like the F one experts had done
this morning. Antonelli jammed him and he had nowhere to go.
What could he do? He locked up his brakes, he
tried to avoid him, and he clipped him. And now
the stewards are in on the great conspiracy as well.
They give him a ten second penalty for goodness sake.

Speaker 2 (01:19:31):
I actually I actually agree with it. I saw it,
and I actually agree with you. Although I do think
he's he's mentally affected by this, and I think there's
something in that. He's a bit you know, he's just
you know, when things aren't quite going away, you sort
of make some decisions that you wouldn't make when everything
is going your way.

Speaker 5 (01:19:47):
He's gone, I think, sadly, but he still had a
great year.

Speaker 2 (01:19:50):
Yeah, well when Richardson's the other one, we should mention
Old Richard. How well did you know him?

Speaker 5 (01:19:56):
Well, he was on Sky with me and I appeared
on panel shows with him a lot. He was the
mayor of the Sydney Olympics as well as being a
toe cutter for the Labor Party. But yeah, rich O
was a great survivor. He kept working right up until
the middle of last week and passed away of course
at the end of the week. So Graham Richardson in
his heyday was the head of the right faction of

(01:20:17):
the Labor Party in New South Wales. They used to
go and eat Chinese food every Friday and get drunk.
He was a great man, Richard, and he was a
pretty good environment minister. He managed to get heritage listing,
for example, World Heritage Listing for the Dantry National Park,
so he had a lot of ability.

Speaker 2 (01:20:34):
That operation he went And when was that was that?
Three four five? I'm hopeless with time three four five
years ago that it was a guardangtun operation that went
for hours and you thought is he going to come
out of it?

Speaker 5 (01:20:46):
Yeah, basically a lung transplant. I mean had everything done.
It's probably more like ten years ago, to be honest,
and he has been sick for a very long time,
but he kept turning up on Sky at least two
or three times a week every week right through.

Speaker 2 (01:20:59):
All Wow, I go mape see you Wednesday. Preciate it
very much. Deep price out of Australia for this morning
year Graham Richard's and not Richo as they call him.
Go look it up. It's worth it because the op
I mean it wasn't an operation, it was operations and
it was he was so ill and that's why it
surprised me, said ten years ago, because that makes him
sixty six. So the illness, and he had beat uld

(01:21:22):
cancer in the Malia. What got him in the end
was influenza in the media. But he was so ill
that this operation and it went for if not most
of the day, all day, like literally twelve thirteen, fourteen, fifteen,
sixteen hours of operation and they were taking out pretty
much all of them and putting up new bits, and
you thought, there is no way you can survive this.

(01:21:44):
And not only did he survive it, he bounced back
in a way that if you looked at him and
didn't know he'd gone under the knife. You would have gone,
there's nothing wrong with the Blake Hey forty.

Speaker 1 (01:21:53):
Five The High Asking Breakfast Full Show podcast on iHeartRadio
powered by News Talks.

Speaker 13 (01:22:01):
It be.

Speaker 2 (01:22:03):
Thirteen away from nine if you can believe it. Hamasa
and Court in Australia, it's almost like they're a business
with lawyers. They merged the Australian government to remove its
listing as a terror organization. Federal court filing breached international law,
impeded CIS fire negotiations, exposed its negotiators to assassination, provided
legal cover for Israeli. A tacks filed as part of

(01:22:24):
a court case brought by an indigenous activist gy called
Robbie Thorpe. Designation limits freedom of political communications in Australia
by chilling discussions of Palestinian strategies to resuce reduces Raeli occupation.
He's the uncle of Independent Senator Lydia Thorpe. Western Nations
designation if for Massa's a terror group has been used

(01:22:45):
by Israel to justify its fore his conduct in Gaza.
The other thing, see if this rings a bell for you,
They've got quote unquote in Australia a radical because of
course their housing's going off. They've got the same problem
we have to the extent they're not building enough houses.
Too many people are coming into the country. Therefore supplies
not meeting demand, or demand is not meeting supply, and
they've got quote unquote A radical plan to revamp the

(01:23:08):
nation's capital cities comes from the Gratton Institute. You ready.
It's to allow three story apartments anywhere in capital cities.
It will create sixty seven thousand extra homes annually. Seeks
to tackle restrictive zoning and low density areas where up
to eighty seven percent of land is zoned for three
stories or fewer. The change would slash rents by twelve

(01:23:28):
percent and cut the median house price b one hundred
thousand dollars. Three houses, three stories on a block of land.
Where have you heard that particular?

Speaker 5 (01:23:35):
One?

Speaker 2 (01:23:35):
Before? Eleven away from nine.

Speaker 1 (01:23:39):
The Mike Hosking breakfast with al Vida Retirement Communities News
togsdad B.

Speaker 2 (01:23:44):
Three years ago, Resonate open their very first hearing health studio.
This is Silverdean on Auckland right now. Next month they're
opening their thirtieth I mean you serious, thirtieth in Blenham.
Thirty first isn't too far away. That's growth right through
tough economic time. Shows you just how much Keiwis love
and trust what they're doing, which is good. Ah, it's
a it's a wonderfully positive story.

Speaker 6 (01:24:03):
This one.

Speaker 2 (01:24:04):
Resonate paraly one hundred percent key we owned and they've
proven that hearing here, hearing care it can be fair,
affordable and transparent. Are their unlimited hearing aid subscription by
the way, just ninety dollars a month now that includes
top of the range hearing aids, ongoing care, free upgrade
to the latest tech every three years, and the price
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wonder thousands have made that switch. Eight hundred resonate oh

(01:24:26):
eight hundred seven three seven sixty six two got that
eight hundred seven three seven sixty six two Online resonate
Health one word Resonatehealth dot co dot m Z asking.
Speaking of houses Napier, how are you? How are you
feeling about your six story developments? Meant to mention this
last week, but this is the district plans six stories,
terraced houses, apartments, six stories. Submissions four hundred, five hundred suggestions,

(01:24:53):
two hundred against two fifty amendments and forty five in support.
So change is coming to your place as well. Here
is Lee post race or.

Speaker 24 (01:25:00):
Was it appropriate to make such a move given the
hard down points and particularly yourself with a single stop strategy.
You know you're not expected to come on to attack
from my teammate right at the end.

Speaker 2 (01:25:11):
Baby, it's still out slap of a race.

Speaker 22 (01:25:13):
Honestly, I think there's no way that the team can
expect or anybody can expect. As much as it's the
ideal thing to do, there's no way that we're not
going to race for a position like that, So I
respect that. Obviously it's we're lucky that we came out
of it. But it's been a great weekend for the team.

Speaker 1 (01:25:31):
Yes, its trending now with Swarehouse the Real House of Fragrances.

Speaker 2 (01:25:36):
Yes, it has been a very good weekend for the team.
And what's interesting and it infuriates me. And if you
follow the f one you'll know what I'm talking about.
They're international pictures, so when you're looking at sky as
in Sky UK, it's not them. They just talk to
the pictures. The pictures are run by the fai if IA. Now,
the problem with the coverage of Liam is there is none,

(01:25:56):
and they've got to do something about it, because when
you get down to as he got down to Q three,
qualifying three, last ten in the field, you've only got
ten cars on the whole track to cover. And if
you go back to qualifying three Q three over the weekend,
you name me a single shot, a single moment where
Liam's car and Liam was talked about at all in

(01:26:17):
Q three And the answer is it wasn't And there
was a thing. I follow a guy called Kim Illman
who as an F one photographer and he got some stats,
so I think it was from Baku. And Liam is
the least mentioned F one driver of anyone by so far.
It doesn't matter so top with someone like the step
in at one hundred and fifty mentions over a weekend,

(01:26:37):
Liam got four. So you can't tell me that's fair
and balanced coverage in Q three If you're not mentioning
all ten cars, there's something wrong with your carverage. Five
Away from.

Speaker 1 (01:26:47):
Night Trending now with chemist Well's keeping Kiwi's healthy all
year round.

Speaker 2 (01:26:53):
Put the needle on the record.

Speaker 20 (01:26:54):
Glenn Leater, Donaldita again some sounder.

Speaker 2 (01:27:12):
Festival of Remembrance Royal Albert hall overnights honors the service
of those who have served and died. Of course, the
King was there, Committal was there, Kate was there, George
was there, was William not there? Wasn't he He must
have been coming back from Brazil, because he was certainly
there this morning at the remembrance service. And a lot

(01:27:33):
of emotion. I don't know whether it's the King's age jaw,
but a lot of emotions at that and it was
and lining up there was a beautiful shot of the
former prime ministers all lined up together and there's a
lot of them. This by the way, you'll be going,
who on earth is this?

Speaker 15 (01:27:49):
And it is.

Speaker 2 (01:27:51):
Hannah Waddington. There's a similar actual sing fro the pop
post for the day. When's the Latency's filming currently? They're

(01:28:14):
filming currently lesson and Less sou less so in London. Anyway,
We're back tomorrow morning from six a m. Another edition
of the Mic hosting books. As always Kathy Davis.

Speaker 1 (01:28:27):
For more from the Mic Asking Breakfast, listen live to
news talks. It'd be from six am weekdays, or follow
the podcast on iHeartRadio.

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