Full Show Podcast: 27 November 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Opinion, Edit, Informed, und apologetic, the my Asking Breakfast with
a Veda, Retirement, Communities, Life Your Way News togs had been.

Speaker 2 (00:09):
Moody and well. Kevin, let's talk money and recovery. The
Reserve Bank governor has an interesting work on social impact bonds.
Also the number of businesses that don't have websites. Bick
Wronger is back. Can you believe it's been fifteen years
since her last original album? Joe mccannon's Rome ended. Does
Budget Day in the UK? Pasky right, Oh, seven past six,
Welcome to the day. A couple of things out of

(00:30):
Christian's announcement yesterday before he rocks up later this morning. One,
the vote was five to one. Who's the one? And
how is it possible they think that doing nothing was
an answer? And how obsessed have the committee been over
the past year on this idea that their cuts are
yet to flow through to the economy. And if we
just hold and hold and hold, the good times are coming?
Talk about a misreute. Two? Given that, don't you want

(00:50):
to know who these people are and what they think
and why they think it, and therefore we can gain
greater insight as to whether we should have any confidence
in them at all. Three. Given the call and the
fact it's probably the last cut, can we not all
conclude that the mid year pause where they did nothing
believing they had done enough, might be just one of
the bigger cockups of modern economics.

Speaker 3 (01:08):
Four?

Speaker 2 (01:09):
What about the commentary? Greater caution on the part of
households and businesses could slow the pace of recovery. Alternatively,
their recovery could be faster and stronger than expected. Awesome, So, experts,
without a clue, anything could happen. Your guess is as
good as mine. Five. The retail banks to the cooperative
were in like a robber's dog. The floating now is
below five. See you reckon, I reckon. You get something

(01:29):
with a four mid four long term? I'd go for it.
I mean, take my advice or leave that. I don't care,
but force something for five years that looks pretty good
to me. I just think this is it. I think
a whole lot of people were looking for an end.
This is as close to an end as a bunch
of non committals will give you. It's summer, it's Christmas,
We're over it. The recovery is there or thereabouts for
enough people to materially get on with life six. There

(01:52):
was some commentary that was a bit hawkish. Ah, you
know what it would mean more to me if I
honestly thought these people were on top of their game.
You give weight to expertise, So I'm not sure we're
dealing with ments some members here at all? Could we
should we have done it differently? Of course we should have.
But two point twenty five short of the world going
pop and actually don't rule that out, but short of
a calamitous private equity AI bubble bursting meltdown, we can

(02:14):
turn the page. Bring on twenty six things, as dream
said in nineteen ninety three, can only get better.

Speaker 1 (02:23):
News of the world in ninety seconds.

Speaker 2 (02:25):
Budget die in Britain and the Chancellor did not disappoint.
She text everything that moves.

Speaker 4 (02:30):
Those are my choices, not austerity, not reckless borrowing, but
cutting the debts, cutting waiting less and cutting the cost
of living. Those are labor choices promised and delivered by
this budget.

Speaker 2 (02:46):
Tories were scathing.

Speaker 5 (02:47):
She should be on the side of a young person
looking for their first job, the saver doing the right
thing and putting money away for a rainy day, the
pensioner trying to enjoy a decent retirement. This country work
when you make the country work for them.

Speaker 6 (03:03):
Farage was scathing, Who is going to pay all these
increased taxes? Basically, working people are going to be subsidizing
a welfare bill that shows no sign of going down.

Speaker 7 (03:16):
What so ever.

Speaker 2 (03:18):
The Chief Secretary to the Treasury trying to defend the texathon.

Speaker 8 (03:21):
What we decided not to do was to go down
the route of further cuts to public investment. And we
decided not to go down the route of uncontrolled borrowing
because we're determined to get the cost of borrowing down.
We chose to take fair and necessary decisions when it
comes to taxation.

Speaker 2 (03:36):
The small twist the OBR the Office a Budget Responsibility
coughed it up and published it all. And how really we.

Speaker 9 (03:41):
Launched an investigation into that, the report of the Treasure
Quity of Parliament.

Speaker 10 (03:44):
I'm into the Chancellor.

Speaker 7 (03:46):
We apologize for the era.

Speaker 9 (03:47):
I will take action via sure it doesn't happen again.

Speaker 2 (03:49):
Okay, later on all of that. It really was quite
the document. In Hong Kong, we've got a high rise
fire thirteen at least the powerbate gate has got seven
hundred on the job.

Speaker 3 (03:57):
The temperature inside the buildings concerned are very high, so
it's quite difficult for us to enter the building and
go upstairs to conduct with firefighting and rescue operation.

Speaker 2 (04:11):
Then state side where the co phone called Leak shows
him coaching the Russians on what to say to the president.
Were the President's batting all that away?

Speaker 3 (04:17):
That's what a deal make your days.

Speaker 11 (04:19):
You got to say, look, they want this, You've got
to convince.

Speaker 2 (04:22):
Him with this. You know, that's a very standard form
of negotiation.

Speaker 7 (04:26):
I haven't heard it, but I heard it was standard.

Speaker 2 (04:29):
Negotiation, standar negotiation Georgia. By the way, I'll updated you
shortly that Georgia case against Trump that's now gone as well.
Just developing this morning news of the world in ninety inflation.
You want to find a place with inflation Australia, hold
my ba more shortly eleven past six.

Speaker 1 (04:46):
The Mic Asking Breakfast Full Show podcast on iHeartRadio, how
It News Talk Zippy.

Speaker 2 (04:54):
Uber New Zealand got some news today, some weird research
around that. But Uber internationally they've gone into our Derby
overnight driver as we ride Robotaxi, so you can get
a robotaxi now in Austin, Phoenix, in Atlanta first time
in the middle Easter. Next time you're in Abu Dhrby,
there's Nuba robo taxi for you. Fourteen pass. I'm sure
in Partnersandrew Kella, ha, good morning, very.

Speaker 7 (05:16):
Good morning, Mike.

Speaker 2 (05:17):
Your view of two two five?

Speaker 12 (05:18):
What is it?

Speaker 5 (05:19):
Ah?

Speaker 7 (05:19):
Well, there you got big day yesterday.

Speaker 13 (05:21):
So we've said hira rata Governor Christian Hawksby and oh, yeah,
you've got a couple more days, hasn't He's got to
the thirtieth.

Speaker 7 (05:27):
But maybe we've also said see you later to.

Speaker 13 (05:29):
Official cash rate reductions and we're very much in weight
and see mode now.

Speaker 7 (05:33):
Yeah.

Speaker 13 (05:33):
For the record, the Arby en Zi dropped the oceada
two point twenty five per cent, which makes us pretty
low now compared to other jurisdictions. The move was almost
universally expected, so no surprises there.

Speaker 7 (05:45):
Focus was very much on the outlook. Now.

Speaker 13 (05:47):
I don't think the outlook that they gave was altogether surprising,
but the market reaction we've.

Speaker 7 (05:53):
Seen suggests there was at least a section of the.

Speaker 13 (05:56):
Financial market that was expecting a more explicit reference to fewings,
which there wasn't. So the Kiwi dollar did something quite
unusual yes day. It went up very much a weight
and sea attitude to further cuts. Basically, rbn Z is done.

Speaker 7 (06:13):
I think they're done, pending.

Speaker 13 (06:15):
Clear evidence of you know, domestic economic weakness or maybe,
as you I think just pointed out, significant external events.
A key point Mike, it's they've got three months now
until the next RBNZ meeting, so they're sort of in
holiday mode as far as the ocr is concerned. They
do get plenty of data, but you've also got a
new boss coming in, so I think it makes sense

(06:36):
to give that new boss some optionality. What do they
think they get a clear whiteboard. It also seems like
a reasonable position to take, or certainly an understandable one.
Another cut to me looks like a big call from here.
I agree with the sentiment out there. There's a pretty
big hurdle for another cut. Note that there was a
dissenting voter their mic. It was five to one. Yep,
assuming that one didn't want to cut. I mean, after all,

(06:58):
they are rolling the dice on that spare capacity and
economy leading to inflation backing off from what it currently
is right at the edge of their band. Another comment,
Mic is just because the RB and Z is done
or sort of calling its jets on oce D cuts
doesn't mean the impact of cuts to date doesn't keep
feeding through into the economy. I know you have a

(07:18):
view on this as well, but the transmission of monetary
policy does continue. This quite a bit of the total
mortgage pool to reprice because for a while some people haven't.
There is a group of people out there that haven't
refixed their mortgage rates as they've come on. They've gone
on to a floating rates because they're sort of gaming
and waiting for lower fixed rates. That's probably probably not

(07:39):
going to see much lower fixed rates now. So look,
i'd say out there, fixing now is probably not a
bad idea. Their forecast growth picks up to zero point
four in Q three, higher again zero point seven and
Q four. They said that zero point minus zero point
nine and Q three probably overstated the weakness CPI inflation
does drop back next year, but I did notice the

(08:02):
unemployment rate that only drops very slowly next week. Dear, so,
sort of weaker employment markets than their view are probably
with us for a while. The final point, I'd say,
Mike is one of the great things in my day
to day life is I get meet a lot of people.

Speaker 7 (08:15):
I was in why can I Yesterday?

Speaker 13 (08:17):
I was at the O Tai Honga boating Club talking
to clients of a big accounting film on the cabin
he goes to live in the dream. But I get
to hear what a lot of people are saying. And
I've been doing this for about six weeks now, and
one common theme I've heard right across the country real
estate agents are busy, Mike. So the housing market looks
like it will pick up next year. Market reaction, Yeah,

(08:38):
Kiwi dollar got to rocket up a quite a lot stronger,
but local wholesale interest rates also quite a bit higher
and that has an impact on those fixed rate mortgage
settings as well.

Speaker 2 (08:50):
Right across the townsman, can I suggest when you jurymander
the power market and start tossing in money from the
government to pay your power bill, you might pay the
price for that. And that's what happened yesterday.

Speaker 13 (08:59):
I had to look at this number several times because
I didn't think it was right, But electricity in the
last twelve months and the Aussie CPI is up thirty
seven point one percent, So yeah, Aussie CPI, certainly this
didn't help our bond rates Yesterday might because the Aussie
CPI printed much higher than expected. So they've moved to
a monthly CPI release. It will take a while to
get used to. You could see a few wobbles around

(09:21):
things like seasonal adjustments as they get used to that.
But it's definitely a surprise to the upside. When I
was looking at this last night, one headline jumped out
and me and said, nightmare.

Speaker 7 (09:29):
For the RBA.

Speaker 13 (09:31):
The RBA's preferred measure rose three point three percent year
on year in October. It's been over three percent for
months now. But the headline inflation rate three point eight percent.
That's mattic, isn't it. They started these months I was
back in Apri. It's the highest points it's been since then.
It did it. It sort of shunted Australian interest rates higher,
and there's a lot of talk now that the next
move from the RBA could.

Speaker 2 (09:52):
Be up interesting. What are the numbers?

Speaker 13 (09:55):
Yeah, so US market's looking pretty good. The Dow Jones
is up three seventy six points forty seven thousand, four
hundred and eighty eight. That's up point eight percent. The
S and P five hundred is up point nine one percent,
sixty one percent six eighty seven. They're all getting balled
up now about a cut in the FED funds rate.
In December, the Nasdaq is up point eight four percent

(10:16):
one hundred ninety three points twenty three thousand, two hundred
and twenty the US market. The UI market actually went
up up point nine percent eighty six points nine six
ninety six. The Nike a strong day, up one point
eight five percent forty nine thousand, five hundred and fifty nine.
Shanghai Composite fell six points three eight sixty four. The
Aussi's yesterday game point eight one percent. That's sixty nine

(10:38):
points eighty six o six. We haven't had time to
talk about the New Zealand market, but a couple of
good numbers there yesterday from Fisher and Pocal Healthcare also
channel infrastructure up that helped our market to a eighty
one point gain point six one thirteen thousand, five hundred
and six two keem we dollar here we go, point
five sixty nine to two against the US, point eight
seven three seven against the OSSI, point four nine on

(11:00):
nine euro Zo, point four three against the pound, eighty
nine against the Japanese Yen gold rallied yesterday four one
sixty seven and Brent Crew sixty two dollars and forty
seven cents.

Speaker 2 (11:13):
Catch up tomorrow. Mate Andrew Keller has share and partners
Pasky Yes the aforemention of Fisher and Parker Healthcare well done,
largest exporter and revenue up fourteen percent, the thirty nine
percent increase in first heart net profit, the revenue over
a billion dollars, hospital profit at six ninety two million,
the home care at three fifty nine million, operating margin
twenty six per that. It's aubit and they're happy at

(11:34):
Apple today because for the first time in fourteen years globally,
this is they going to ship more iPhones than Samsung
are going to They're going to ship two hundred and
forty three million iPhones this year compared to Samsung's two
hundred and thirty five million. Six to twenty one. Eric
News Talks NB.

Speaker 14 (11:49):
And he were so sexy.

Speaker 1 (11:53):
The Vike Hosking Breakfast Full Show podcast on iHeartRadio powered
by The News Talks B.

Speaker 2 (12:00):
I will work you through the UK budget later enders
with us this morning. But basically she's taxed everything, houses
National insurance income thresholds have been frozen. The money you
put aside for retirement, that's capp so anymore as suddenly
the two child benefit cap has been scrapped, so you
can have as many kids as you want on welfare.
A mansion tax of its two million year tax, one lot,

(12:20):
five million tax holiday. Just it's unbelievable anyway more. Later
George is gone, as in the case as in Trump
ringing up, Remember the phone call, I need some more votes,
I need some more votes. That case, it's gone. They've
got a new prosecutor. Given the complexity of the legal
issues at hand, ranging from constitutional questions and the supremacy
clause to immunity, jurisdiction, venue, speedy trial concerns, access to

(12:42):
federal records, and even assuming each of these issues was
resolved in the States favor, bringing this case before a
jury in twenty nine to thirty or even thirty one
would be nothing short of a remarkable feat. So based
on that, he's done six twenty.

Speaker 1 (12:54):
Five Trending now with Keema Twells Black Friday Sale.

Speaker 2 (13:00):
Now nixt installments and Tyler Sheridan's Yellowstone. Is he a Yellowstone?
Produced two spinoffs? We got eighteen eighty three and nineteen
twenty three. But wait, there's more. We've got nineteen forty
four coming. But wait, there's more. There's also Michelle feiffelid
series called The Madsine and another one called The Dutton Ranch.
But wait, there's more. There's also Casey Dutton spin off,
which we have a trailer for. It's called Why Marshals.

(13:22):
It's about him joining an elite team of US Marshalls
to deliver ranch justice.

Speaker 10 (13:28):
For it every day, to get out from another way
to the Yellowstone, Come of lost, My teammates, my parents,
give me my brothers.

Speaker 5 (13:40):
You know.

Speaker 2 (13:40):
It's sometimes good and then I have to do bad things.
But I'm trying to find a new beginning. Crazy be
my Marshalls. Sully Fine, they look like God's country team.
But the devil's running free out there, man. The Devil's

(14:03):
running free out there.

Speaker 10 (14:03):
Man.

Speaker 2 (14:04):
They're all born with a killer instinct. Look you're not
a killer.

Speaker 3 (14:08):
Casey Beer protector.

Speaker 2 (14:13):
Luke Grimes is back as Casey Dutton. Paramount's got Sheridan signed,
of course, with NBC Universal for a billion to produce
his shows from twenty twenty nine. Meantime, this lot's out
on UB a CBS in the States and Paramount Plus,
which means nothing to us because it all ends up
here on Neon land Man. We started watching season two
land Man. I thought he ended weirdly in season one,
so weird that I thought, do I really need Season

(14:35):
two in my life? Season two's gone strange. It's very good,
but it's they've gone down the comedic route to the
point where it wasn't really a comedy. It was a
drama with some funny lines, and now they've overworked the
comedy and some of it's quite good. Some of it isn't.
But I'm sort of fall in love with it now,
so I'm hooked in forever as far as they can
work out fis. Season three, You see Me, that's good too.

(14:59):
I was good as see one. Season two was a
weak point, but season three's okay. So there's a couple
of hostco recommendations for him building up to the weekend,
along with the f one, of course, Christian hawksby Reserve
Bank Governor.

Speaker 1 (15:11):
After seven thirty, You're trusted home for news, sport, entertainment, opinion,
and Mike the Mic asking Breakfast with the Defender, Embraced
the impossible news Togs dead been to report.

Speaker 2 (15:25):
The death toll in the Hong Kong fire is up
to thirty six. Will keep you posted obviously. Meantime in Italy,
if you followed the Australian News, there has been a
big deal there because one of the parents is Australia. Anyway,
families living off the grid, they all eat poisons, mushrooms,
end up in hospital and the Italian authority is now
taken the kids off them. So that's turned into a
major Joe mckhead on that. Shortly back here a new
report into the performance of social impact bonds. Now what

(15:47):
happens is the private investors they back social services. The
government only pays when the agreed outcomes a met This
reports by the Maximum Maximum Institute. Your researcher as Thomas
Scrimmager who is with us, Thomas morning Wing, Mike, is
it a bit cheery picky for the investor? In other words,
this is easy to do if you go in thinking
there's an easy outcome and some of the crunchy stuff
never gets covered or does it work for everyone pretty much?

Speaker 11 (16:11):
Well, it's certainly something that the government, as the instigator
of the contract, has to be careful about and that
they have to define the problem correctly. But essentially that's
the same problem that all social services have, is that
some people have relatively simple challenges. They've challenges that in
government helped for, but it's reasonably straightforward, and some people
have really complex lives. I think the beauty of social

(16:33):
impact bonds as an approach is it allows highly flexible
and customizable interventions and to actually you can target the
people who are most vulnerable and not simply the easy options.

Speaker 2 (16:44):
The Genesis Youth trial or trust trial that you cite
that reduced youth offending. My thirty percent generated nine dollars
of value for every dollar invested. Is that the gold
medal or can that be standard?

Speaker 7 (16:57):
Oh?

Speaker 11 (16:57):
Absolutely, I think that could be stand and every bond
would be unique. But that was New Zealand's first trial
instigated back in twenty sixteen under bil English, and in
the review it was both a roaring success, but there
were heaps of learnings. You know, you think about it
the same way to any sort of product or service.
The first time you do it, you're doing it the
hard way because there's all sorts of things you have

(17:19):
to figure out. There are negotiations, what are we doing here,
but they achieved a great success of the Genesis Youth
trial and it was the first time. If you keep
doing it, you learn, you get more efficient, you get
better outcomes.

Speaker 2 (17:29):
Yeah, how many of these programs are out there? I mean,
how far short of maxing this out are we?

Speaker 15 (17:35):
Oh so in New.

Speaker 11 (17:36):
Zealand where we're sort of the government is currently talking
about doing a few more. The previous National government set
up this trial with Genesis use and tried to set
up another one. But we're not currently doing any others
of these, But globally there is quite a few of
the UK. Well, it's a new thing since twenty ten.
The UK first trialed them and then New Zealand started

(17:56):
making some noise towards the later end of the last
National government, but then it just was the work wasn't pursued.
And so the current government have a voice some interest
in these, and so we're saying we should go further,
that this is really interesting.

Speaker 2 (18:07):
So so how is it that something that's fifteen years
old and the original trial worked and worked really well
and this is a government that's looking to improve the
social outcome of New Zealander. Is that somebody somewhere hasn't
gone to tell you what, let's give this another crack.

Speaker 11 (18:19):
Well, I think they are doing some work in this space.
I mean obviously wanting to do a lot with social investment,
which is the analytical framework that sits above it. So
I can't really speak to why they're not pushing faster
with it now. They haven't you know, they've only been
in for a few years. These are the processes. Is
going to take a bit of time, but we really
would like to see them pushing with us further because
you think they're a real opportunity.

Speaker 2 (18:39):
Yeah, you also recommend a cross party political approach. Is
that a bit dreamy really because this is ideological as
an I caount see the Labor Party. You are loving this.

Speaker 11 (18:48):
Well, you know, I think there's a room for everyone
to get on board with this because really it's simply
a way of partnering with social services and there's all
support with that in New Zealand that government has a role.
Community organizations are really valuable and so I think it's
simply one way that government can partner with community organizations
to deliver better services. So we're really hopeful that actually

(19:09):
broad support as possible.

Speaker 2 (19:11):
All Right, Thomas go well, appreciate it. Thomas Scrimsher, who's
the Maximum Institute researcher. Interesting class actions are not really
a New Zealand thing, very much an American thing. But
this business of the pylon that fell over in Northland,
and it seems no question that it was Transpower's fault
and they did some compensation. They said a bit of

(19:31):
a sorry and stuff, but obviously the region is just
ropable still so next stop court. So we'll outline some
of this for you late in nineteen two the Mic.

Speaker 1 (19:39):
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Speaker 2 (19:46):
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(20:31):
You think AI is going to affect jobs?

Speaker 12 (20:33):
HP?

Speaker 2 (20:33):
Overnight Hughlett Packard they're restructuring. They're eliminating ten percent of
the global workforce just like that, thanks to AI and efficiency.
They're going to save a billion in annual savings by
the end of twenty eight. So ten percent of the
workforce is gone. Thank you very much for coming. How
many is that? Six thousand jobs?

Speaker 12 (20:48):
Just like that?

Speaker 2 (20:49):
Meantime, MIT Massachusetts Institute of Technology, they've done a study
out this morning on they're telling us that artificial intelligence
already right here, right now this morning, replace eleven point
seven percent of the US labor market just like that,
mainly in finance, healthcare, and professional services. It's a simulation
program that says here's what AI can do. How many

(21:10):
jobs can do that? Can we match them up? Beau?
You can eleven point seven percent of people of suddenly
unemployed six.

Speaker 1 (21:15):
Forty five International correspondence with Ends and Eye Insurance, Peace
of Mind for New Zealand Business.

Speaker 2 (21:21):
Yeah, McKenna, how are.

Speaker 16 (21:22):
You great, Mike?

Speaker 15 (21:24):
How are you well?

Speaker 2 (21:25):
Indeed you got the Christmas lights up?

Speaker 14 (21:27):
Yeah, there's time to pop up, get a hunting into
the mood.

Speaker 2 (21:30):
I love it now. This is a lot of interests
are saying before, a lot of interest in Australia over this.
I can't remembers that the mother or the father is Australian,
one's British, one's Australia.

Speaker 14 (21:39):
Yes, we have an Australian mother, Catherine Birmingham from Melbourne.
And the husband that we're talking about is Nathan Trevillion.
He's from Bristol.

Speaker 3 (21:47):
Yeah.

Speaker 2 (21:47):
So they're out in the woods doing their off grid thing.
But really, you don't want to read a lot of
these weird mushrooms because you leaned up in the hospital.
Next thing, the Italian authorities are knocking on your door.

Speaker 9 (21:57):
Yeah, something like that.

Speaker 14 (21:58):
They bought this property, just a little farmhouse in Abruzzo,
east of Rome in twenty twenty one. They came to
the attention of the authorities a year ago in September
when they were foraging for mushrooms. They all fell ill
and went to hospital and the Carabinieri police have been
monitoring them social services and last week a local court,

(22:21):
a children's court, removed the children from the parents and
they are being held in a shelter in a different
part of Abruzzo until the appeal goes through the courts,
probably in the next couple of weeks.

Speaker 2 (22:35):
How angsty do people get about these sort of things,
rights of the parents', rights of the state, all that
sort of thing.

Speaker 14 (22:40):
Well, it's incredible, Mike, what this has been like in Italy.
The whole country seems to be obsessed with this case.

Speaker 2 (22:47):
Right now.

Speaker 14 (22:49):
One hundred and fifty thousand people have signed a petition
online support for the family, including the far right leader
Matteo Salvini from the League. The Deputy Prime Minister, he
compared the case to a kidnapping. The Prime Minister Georgia
Maloney expressed alarm about the case. Today, the Justice Minister
Carlo Nordeo threatened disciplinary measures against the judges if they're

(23:12):
found to have acted incorrectly and this is part of
a bigger fight between the government and the judiciary obviously.

Speaker 2 (23:17):
Yeah, of course, speaking of governments who've been voting down south,
now the opposition have done well. Would the opposition have
been expected to do well in the southern part or not?

Speaker 15 (23:25):
Yeah, that's the thing.

Speaker 14 (23:27):
I'm taking it fairly cautiously. A lot of people are
saying this is bad news for Maloney. But in these
regions Campagna and Pullia, the center left parties were expected
to win. They did win. But when you look at
the map overall, it's so three all draw now and
I think it is pause for thought for the Prime

(23:48):
Minister if she does want to look at a reelection,
just what that means for her.

Speaker 2 (23:52):
Nationally when she d for an election nationally.

Speaker 14 (23:56):
So she's three years in, we've got another two years.

Speaker 2 (23:58):
Yeah, it's a five year term. Got agentes things brilliantly
or disastrously. Who would know this? Now? I do need
your expertise here because I'm reading about this femocide thing.
Is this win and I mean the vote was unanimous,
but is this symbolic? Is this window dressing or does
something tangible happen?

Speaker 16 (24:17):
Yeah?

Speaker 15 (24:17):
Good question.

Speaker 14 (24:19):
How do you prove that the murder of someone is
related to their sexual identity, their gender. I'm not sure
about that. It looks very much like a symbolic gesture.
It's unusual to see all the MPs uniting and voting unanimously.
Was approved on the day that internationally is dedicated to

(24:43):
stop violence against women. So they're doing all the right things,
but what does that really mean on the ground.

Speaker 10 (24:48):
I think the.

Speaker 14 (24:49):
Experts are saying, we need more education, we need to
change the way young boys are thinking.

Speaker 2 (24:53):
Of course, so who would rule I mean, so someone
gets murdered, who would rule this has been a femosite
as opposed to a.

Speaker 14 (25:02):
Well, it would be up to the courts, obviously to
say that this has been a femicide, this murder.

Speaker 2 (25:08):
Would you be charged with gmicide do you know? Or
just murder?

Speaker 17 (25:13):
Yeah?

Speaker 14 (25:13):
Unclear, but it says it's a law on femoside.

Speaker 2 (25:16):
So interesting.

Speaker 14 (25:17):
It's not quite clear.

Speaker 2 (25:18):
Yeah, it seems odd, all right, Joe, nice to catch
up with you, Thanks mate, Joe McKenna. In Italy, of course,
the reason because Maloney drove it, so it came from
the top, and the point being from now on Italy
will record every murder of a woman that is motivated
by her gender as femicide. But you've got to cross
the line somewhere judicially or legally on the motivation, which

(25:40):
makes it, I suggest, probably more symbolic. It's been away
from seven.

Speaker 1 (25:45):
The Myke Costing Breakfast with Bailey's real Estate news Dogs, there'd.

Speaker 2 (25:49):
Be Black Friday news from the stag At and T survey.
Gen z are your biggest Black Friday shop is older
generation shop closer to Christmas. More people get gift ideas
from shopping in person and social media, So I'm encouraged
by that. That's part of their ongoing sort of the
K shape. I think we've got a K shaped economy
as well. In other words, if you gainful employed and
you're doing okay, you've got plenty of money, you're living
your life. If you're at the other end, you're on

(26:11):
the other shape of the K or the other stick
of the cave. Forty percent of gen Z thirty two
percent of millennials plan to do most of their shopping
Black Friday. Gen Z planned to spend twenty three percent
less because everyone's angsty. Big decline, biggest decline of any generation,
seventy percent or seventy seven percent of consumers report that
they will do all their holiday shopping at small businesses

(26:31):
if they could. I don't believe any of that personally.
But I'm having trouble getting home at the moment too.
Somebody said yesterday U actually Carl was round delivering my
coffee machine. He's fixed its back, so that was a
very exciting day. But we were talking. I was a
tremendous trouble getting home at the moment because the traffic
is just mental. And I said Carl, I'm having trouble
getting home at the moment because the traffic's just mental

(26:53):
and he said, I reckon, it's Black Friday? And I thought,
is it? And then I read in the Herald yesterday
is one of their weird headlines that you've got to
start planning for Black Friday, as though, plan what plan
your park, or plan your bus route, or plan what
you're going to buy? What are you planning anti anxiety needs?

Speaker 7 (27:08):
Yeah?

Speaker 2 (27:09):
Probably? But I mean, is that a thing. Is the
traffic crazy at the moment just because of Black Friday?
Or am I literally making that up five minutes away
from seven for the ins and the ouse.

Speaker 1 (27:19):
It's the fizz with business fiber take your business productivity
to the next lift.

Speaker 2 (27:24):
Now this is the weird Uber stuff I promised you.
So they've relaunched their Uber Green service. This is here
in New Zealand. They're calling an Uber Electric. So basically,
you can request an EV to pick you up no
extra cost. If you want an EV, no extra cost.
Does an EV a hybrid? What if a hybrid turns up?
What if the PRES turns up? Is that electric or
is that a hybrid? Eh. As part of the relaunch,

(27:45):
they've commissioned some research. Why wouldn't you. It's done by
Stickybeek Limited. They're a company that helps marketers test products.
So it's revealed the average age of a key we
taking their first ride in an EV's forty one. That
surprises me, because what happens if you've got an EV
and you take the kids to school? Be fine, wouldn't it?
I don't think that's true. Fifty one percent of people
admitted they were curious about evs before their first ride.

(28:07):
After the right after the ride, forty seven percent said
they came away surprised.

Speaker 7 (28:12):
What crap?

Speaker 2 (28:13):
Whatsolute nonsense? Nineteen percent said they came away relieved after
their first trip. I mean, what were they thinking was
going to blow up? I hope this battery car doesn't
blow up and to set me on fire. Oh it didn't.
I made it. I'm relieved nineteen percent. Twelve percent said
they came away feeling astatic. God, they must have boring lives,

(28:36):
mustn't they? So boy, I was so uninspired with my
life until I got in my Electra goober And I'd
tell you what by the end of that journey or
was it ecstatically survived it because the guy followed Google
and went three times longer than he actually needed to
because he hasn't got a clue where he's going. Thirty
seven percent of people admitted they weren't entirely sure if

(28:56):
the cow was even turned on when they got in,
they'd be old people, Brian, is this car on? It'll
be that, wouldn't it.

Speaker 9 (29:04):
I don't think old people are taking uber, are they?

Speaker 2 (29:05):
Probably not? Seventeen percent so they didn't know how to
open the doors, to be fair. To be fair, now,
I don't want to sound like a snob, but I'm
driving an Aston Martin, and if you've ever seen an
Esther Martin door handle, they're famous. But there's a certain
person I'm married to who I can tell you for nothing.

(29:30):
Still to this day, despite the fact she's got in
the carming you anytimes, still has trouble with the Esther
Martin door handles.

Speaker 1 (29:35):
The newsmakers and the personalities the big names. Talk to
Mike the mic Hosking Breakfast with Bailey's real Estate doing
real estate differently since nineteen seventy three news Togsdad be.

Speaker 2 (29:47):
Only seven past seven looks like one and done. The
door technically remains open for another cup. At the twenty
five of yesterday from the Reserve Bankers, Well, it has
a finality about it, doesn't it? The governor shortly of course.
But first at retail level, are the banks moving? Steve
Yukovic is the CEO of course with Kiwi Banking is
back with the Steve very good morning to you. What
Cooperative Bank is making a big deal of their three
point one on floating? Is everyone moving and moving to

(30:10):
the appropriate measure?

Speaker 12 (30:12):
Well, I think appropriates in the eye of the beholder.
But the everyone is moving, I think you've got to
also be aware that those moves will also impact savers
as well.

Speaker 3 (30:21):
Night.

Speaker 12 (30:21):
But I think most people have shown some activity yesterday.
There'll be some unfolding today, I'm sure.

Speaker 2 (30:26):
Do you think that people were waiting for some sort
of signal that we were done and now they'll start
making some decisions around money?

Speaker 12 (30:35):
Jeez, I hope. So we've had nine cuts now, haven't we,
And so lots of talk about green shoots that you know,
I suppose understand anybody those green shoots are only in
grass which is turned into meat and dairy. But I
mean the market pricing is showing that this is very
near the bottom, if not the bottom. And there's a
famous saying that they don't ring the bell at the bottom,
all the top, so you know, all the market says

(30:56):
that this is very close or as the bottom.

Speaker 2 (30:59):
Okay. One of the one of the committee members yesterday
in the press conference suggested there's plenty of money out
there to be borrowed. Is there there's no shortage of equity?

Speaker 7 (31:07):
No, there's not.

Speaker 12 (31:08):
I think there is plenty of money that wants to
be put to work. I think there's a lot more
private capital as well. You know, people looking around the
world trying to find attractive returns, and that rates in
New Zealand are still relatively attractive to some places.

Speaker 2 (31:21):
They talked yesterday too about the banks, the retail bank's
margins back to being where they were. The inference, I
think was that you guys are creaming at a little bit,
are you well?

Speaker 12 (31:30):
Ours is flat, so we definitely aren't. But I think
that's a good question for everyone when they look around
to say are there returns appropriate? You know, we've had
a pretty good crack at one and Finance and Expenditure
Committee to say and argue that the present capital rules
mean that the Ossie owned banks make about three quarters
of billion dollars more than they should if the rules

(31:51):
were changed. So we're hoping we're going to get an
update on that.

Speaker 2 (31:53):
On the eleventh of December, when you said, jeez, I hope.
So what what's your view of the power of cuts,
because those guys are talked for an entire year about
the so called flow through to the economy and it
hasn't happened, or if it has, it's made no difference.

Speaker 12 (32:08):
No, I'm with you on that front. I think it's
up to each individual person to feel like they're confident
about that they're ready to go. I mean, there is
absolutely no doubt in my mind that the wealth effect,
which comes from seeing your home go up and price,
makes a big difference. I think, you know, we had
to see a bit more activity in that residential home market.
That helps. We've got a lot of businesses that have

(32:29):
been sitting on their hands, you know, they're hiring intentions,
their investment intentions have been really pretty loop warm. I'm
really hoping that through the next three to six months
people make that individual decision, which is hey, it's time
to invest and stop the lying on a small bunch
of people in Willington.

Speaker 2 (32:46):
You sound trepidacious about twenty six. Is that fair as
opposed to boys not?

Speaker 12 (32:51):
I feel like, you know, this has got to be
the bottom and so as a result of this, I
do believe that business owners and individuals don't want to
sit around on their hands forever. They've done a good
job of paying their bills. Things like rates and insurance
have been hard going. Hopefully we see a better relief
on those fronts as well in twenty six. And then
at the end of the day, people have got to

(33:12):
grow if they want to have a better retirement, So
let's get investing.

Speaker 2 (33:15):
Good stuff. Well done. Steve Yukovic's the boss of Kiev Bank,
of course, eleven minutes past seven, asking Christine Hawksby for
a final time after seven to thirty four your meantime.
I remember the pylon that fell over in Northland, Well,
it's off to court. We have a class action against
Transpower and MIXIM seeks compensation and justice for the one
hundred and eighty thousand residents the twenty thousand businesses. Lee
macarro is the CEO of North Chamber and as with us, Lee,

(33:36):
morning to you, good mine. Are you guys in do
you take a stand on this or a stance on
this or not.

Speaker 17 (33:43):
I think at the stage we're just taking a bit
of a wait and see because when we first when
this first came up and we actually went out to
some of our businesses, they were kind of in the
main set of it's done, that happened, we want to
move on. So I'm not sure that there is that
much energy towards it. There may be from a few,

(34:04):
but I think in general people see this as something
that happened in the past and as long as it's
been learnt from then they're ready to move on.

Speaker 2 (34:12):
It's an interesting view. So what could you suggest that
these are Australian lawyers by the way, or into this
class action stuff. Are they trying it on?

Speaker 17 (34:20):
Well, you could say that this is a culture that
is probably not aligned with a New Zealand culture and
perhaps others overseas, and whether it's something that our businesses
want to spend that energy on. I think they would
much prefer to see money energy and focus spent on
things like energy resilience, roading and things like that rather

(34:43):
than trying to take down a government identity in.

Speaker 2 (34:48):
Your view, to transpower behave properly post the disaster.

Speaker 17 (34:54):
All of my interactions indicate that yes they did. They
took it very seriously and they put in a process
to actually understand what happened and learn from it. And
I think that's really important from a safety perspective, because
as soon as we start taking a blame culture and
finger pointing, there's a lot of risk and issues.

Speaker 10 (35:14):
That are swept under the carpet.

Speaker 17 (35:16):
They also gave a million dollars to Northland, which has
been half of that's been distributed to projects around the district.

Speaker 2 (35:23):
So I think they did Yes, good stuff. Lee, appreciate
your insight. Lee Mckerror, who's the chief executive Officer of
North Chamber thirty minutes past seven. So what about Uber Muscle?
I'd pay extra ride in an awesome v That's very
good business model. Probably the best news of the day
the New Zealand Rural Games, which are an annual event,
but they're in Palmers to North. We've got a television

(35:44):
deal with TV and Z. Now what does that mean
to you? What it means is they going to have
the Dog Show back on television? Is the Dog Show
along with Pop Black just screaming out to be retelevised
Pop Black's a disaster, of course. I tried to get
the Snooker on Sky and is very successful, but no
one watched it, so that's a loss. But I reckon
if you brought the Dog Show back, I reckon there's
or is that just nostealgia of a certain age. You

(36:04):
used to watch the Dog Show because there was only
one channel in the country and there's nothing else to watch,
and it was a Saturday or Sunday night and you
used to think watching dogs round up sheet was the
greatest thing.

Speaker 7 (36:11):
In the world.

Speaker 9 (36:11):
So is that part of the Rural Games?

Speaker 5 (36:13):
Is it?

Speaker 2 (36:13):
Yeah?

Speaker 9 (36:14):
I thought it was mostly egg catching?

Speaker 2 (36:16):
Yeah, yah, no, No, no, No, if they cover the
egg catching, it's just boring. But I mean the dog
shows the highlight of the rules.

Speaker 9 (36:21):
We combine it and have somebody trying to mob of
sheep while the dog's trying to bundle them into a
pine run cash that egg?

Speaker 2 (36:30):
Where those were the days? I think that's got hit
written all over. At fourteen past seven, the.

Speaker 1 (36:37):
Mike Asking Breakfast Full Show podcast on iHeartRadio powered by
News Talk.

Speaker 2 (36:42):
Said, be blow me down. I mean, come on, I
start talking about the dog Show, and then what I
didn't realize is they're making a film with the dog Show,
and the film's going to be called a Dog Show
and it's going to start. I don't know any of
this was happening. It's going to start. Graham McTavish and
how they turned it into a show because it was
a contest, wasn't It was a contest where you rounded

(37:03):
up the sheep. How many people listening to this program
this morning and going what the hell is he talking?

Speaker 9 (37:08):
Is it like a documentary?

Speaker 2 (37:10):
Is it it's a film or a film as that
say in Queensland?

Speaker 9 (37:13):
Yeah, is it a documentary film or is it a no? No,
it's a film film like a written drugs drama with the.

Speaker 2 (37:19):
Script yeah, worth Worth Peaks and Troughs and.

Speaker 9 (37:22):
It would be like Crackerjack, you know the bulls won.

Speaker 2 (37:24):
Oh could we like that? What the hell is he
talking about? Dog show? Graham McTavish, David Wenham, Now remember
Whenham from what was the set in Southern Australia with
Cigared Thornton, absolutely superb and Teresa Healy. The feature film
inspired by the television show, written and directed by Alex Gelvin.

(37:45):
I apologize, I know not who Alex Gelvin is. I
hope he's good. Slated for release in late twenty twenty six,
filming across Wellington and the wire Rapper. Last time I
looked at the Wellington and the wire Rapper region in
terms of farming. This fabulous story on country calendar. Why
do they make a movie a country calendar as well?
While they're at it, fabulous beef farm out the back
of Wellington with they got the windmills for the solar

(38:06):
windmills for the wooden generation. They got the other cows
as well. Quick thing on beer for you. This interests
me because I'm not a huge beer drinker. I've started
drinking beer because the weather's warmed up, so I'm a
warm weather beer drinker. And what generally happens as a
rule is I buy a dozen and they last me
the summer. So if you come to my place in February.
Obviously no one comes to my place in February, but theoretically,

(38:27):
if you came to my place in February, you'd probably
find like a beer, possibly two left cans from the dozen.
So I'm not a big beer drinker. The reason I
tell you this is that we're drinking about the same
amount of beer, which is two hundred seventy nine million liters,
And I thought, you know what I do person like me,
but as burgess. As soon as I see a number
like that, I hit the calculator and I've worked out
that that is sixty seven liters per person, so I

(38:49):
base it on there's four million adults of drinking age,
but not every one of the four million drinks at all.
Far less drinks beer, so I've averaged it out a bit.
But at four million, you drinks sixty seven liters, which
I cut down to three cans three and a half
cans a week. Now I don't personally drink three and
a half cans a week or anywhere close to that.
So someone's drinking my lot and every other person who

(39:09):
doesn't drink beer at all. But at three and a
half cans a week every week all year, that's a
lot of beer. And that's before you get to French martinis.
I didn't see any stats yesterday on French martinis, but
I reckon there's.

Speaker 9 (39:21):
A story needs to follow up stats on the cocktail Chaser.

Speaker 2 (39:24):
I reckon there's a story there to be told. Seven twenty.

Speaker 1 (39:29):
The Mike Asking Breakfast Full Show podcast on iHeartRadio, power
By News Talks.

Speaker 10 (39:35):
I'd be.

Speaker 2 (39:37):
See changes the program. I was thinking about a lot
of you texted me saying Adrian Newe is to going
to become the Esther Martinine principal from twenty six, which
is very big cool. I'll come back to that later.
Now listen, let me tell you about a holiday holiday
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these where you go wander Asia Tours. That's one word,
Wanderasia Tours dot com ski it's weirder. The director or
the producer of the shows just listening to the program ringing,
and I'll come back to that in a moment. Where
am I seven twenty four I'll tell you what tell
you what I like about the educators winging away as

(41:01):
they had been this week over won the curriculum redo
and to the treaty treatment is they are at least
standing their ground. They're having their say and that's no
bad thing. Struck me yesterday when I read Roger Graves
Speaks Roger Grave auckland Port, when he talked of No Zealand,
of naysayers, of the cruise people he visited in Miami
and their view of New Zealand not wanting a cruise
industry of justinta done call him Petrie Dishes. Where were

(41:24):
the Roger Grays when she was actually in charge in
wrecking the joint? Huh? The educators at least are bold
enough to tell the current government they don't like what's
going on. But where was the business community as their
companies were being shafted in the prizes for gonads and backbone?
The educators win hands down. Not that they're right, of course,
and in that is the gargantuan irony. The educators complained

(41:45):
about rules and change and yet irrefutably on the wrong
side of history given the education outcomes produced in this country.
And yet businesses business was nowhere near nowhere to be
seen or heard, despite the fact that we all knew
the country was being strangled by powerful freaks, and they
would eventually be proven to be right. But as much
as I defend an educator's right to speak up, there

(42:05):
is something deeply insidious about the way educators, particularly unions, operate,
don't you think the list, the list these signatories, the
signatories of principles who have signed this protest to the
Education minister over the curriculum change is driven by the
education minister told us by the unions. And it's a
standover tactic. It's an intimidatory play. You're bullied, you're harried,

(42:29):
you're cajoled into signing, hence she claims you then ring
her up and tell you you sign reluctantly. That sadly
says something about a principle that acts out of fear,
sort of like business, hating the decision but saying nothing.
Fear is no way to live your life. But for
some I get it. I mean, life is sured. Who
needs the grief. But if that is the mentality in education,
if that is the modus operandi of the unions, what

(42:51):
sort of will there are our kids entering into? What
sort of brainwashing, whether overt or subliminal? Do our kids
get subjected to The Minister in telling saw this on
Tuesday said it's disgusting, and she said it with passion.
It's disgusting. Anyone wanted to disagree with that? Asking Yeah,
Celia Jaspers in the car listening. She's the director or

(43:14):
the producer or the runner or something for the movie.
She also happens to work with the Country Calendar, Small World.
Mike a dog Show, so a rip off of Babe,
but sit in a location where everyone would prefer to
eat the star. Mike the Dog Show film has been
advertised on the Country Sounds Great memories of my childhood. Sorry,
I must have missed the Country the day they did that, Mike.
I signed up and watched the snooker. Good on you.

(43:35):
You one of a few if I live stream my
snooker from the weekend. Would you watch just looking for me?

Speaker 9 (43:41):
Less swearing than some of the other live streams that
we've had from your property.

Speaker 2 (43:45):
No, it's not, actually, Mike, the six pm slot on
television one is up for grabs. I'd take the dog Show.

Speaker 9 (43:55):
Actually, that would probably probably you get a significant bump
of viewerships.

Speaker 2 (43:59):
You wouldn't want risk that, would you? What if it
rated better, then you'd have some questions to answer, wouldn't you.
Speaking of questions to answer, Christian Hawksby one last time
Beck Wronger. I couldn't believe it when I read this yesterday.
She's getting up early for us in Australia, said God
bless her for that. But this is her first original
material album coming out in fifteen years. What's she been
doing for goodness sake? Anyway? Big Wronger with us after

(44:21):
eight o'clock. This morning news is next.

Speaker 1 (44:25):
Credible, compelling. The breakfast show you confess it's the Mic
Hosking Breakfast with a Vita, Retirement Communities, Life Your Way News,
togs Head been today.

Speaker 2 (44:35):
Mike is a good, hard working trucky. I sip away
on an average of forty eight stubs a week. Forty
eight a joe every one. What's that every day? If
you drank every day that it'll be almost seven. If
you take a day off, you take a day off,
it'll be eight. It's quite a beer, isn't it. Twenty
It's all part of the economy though, Speaking of which,
are twenty three to eight one more time for the
Interim Reserve Bank governor twenty five points It was cash

(44:55):
rate of two point twenty five. A general sense, the
job has done, the rates are low, inflation will come
down further, and those green shoots of twenty six can prospect.
Christian Rsby's were this morning today. If this broadly is it,
and you want to bring back boring and boring does
come back, how would you assess your committee's handling of
this whole exercise?

Speaker 10 (45:16):
What's the which exercise, the whole year.

Speaker 2 (45:19):
Of exercise, the large number of cuts, the commentary, all
that came with it.

Speaker 10 (45:25):
We've been playing, you know, playing the wats in front
of us, an economy that was in recovery at the
beginning of the year, stalled in the middle, and you know,
just responding that through time according to what it means
for our inflation mandate and our inflation target. We I think,
in particular, the fifty basis point cut in October was

(45:50):
really designed as a shot in the arm to get
rid of that excessively cautious mindset and businesses and households
and really start which we're confident is happening through the
second half of this year and that will continue on
into next the fifteen. Things running at about a three
percent annualized race at the moment the.

Speaker 2 (46:11):
Fifty percent cut came off the back of course of
nothing in the middle of the year. Was the nothing
the no move? Was that a mistake? With the benefit
of hindsight, we were.

Speaker 10 (46:20):
Worried through the first half of this year about inflation
expectations and just living in that world where inflation had
been quite high recently and just how much that was
going to linger. So that had been an upside risk
right through the course of the first half of this year.
I think in the second half that has abated and
given us more confidence that we can get rates lower

(46:41):
and get on the things.

Speaker 2 (46:43):
The lack of response to the stimulation and once again
talking about pretty much the whole year, this whole journey,
did you overcook your belief in the power of a
cut or are we just in a funk and nothing
you could do was going to shift us.

Speaker 10 (46:58):
It is a little bit of a puzzle. I mean
that New Zealand has has struggled a bit more than
other countries through this middle part of the year. Some
of it's through you know, some of it's because of
the global tariff, you know, situation in uncertainty. Some of
it is just caution, you know, and that's why we
really needed that sort of kickstart through October and to

(47:21):
the end of the year.

Speaker 2 (47:23):
Yeah, the five to one vote, who's the one.

Speaker 10 (47:27):
Not discosed?

Speaker 15 (47:28):
Was it?

Speaker 9 (47:29):
You?

Speaker 10 (47:31):
Not discused?

Speaker 15 (47:32):
Why not?

Speaker 2 (47:33):
Because I'm finding the FED fascinating as I'm sure you are.
I know what the FED thinks and they talk about
it publicly. Wouldn't we be better off if you guys
did that.

Speaker 10 (47:43):
I think we're probably on a pathway to do that,
to be especially the external members of the NPC. You know,
it was quite restrictive on them initially. It's more permissive
now for them to get out and talk. Prisana guy
who's one of our externals, has been out talking more often.
I think that's probably the direction of travel. There will

(48:04):
be more from the different members.

Speaker 7 (48:06):
We need to be.

Speaker 10 (48:07):
Careful though, because you know, I look at places like
the UK and the US and you have all these
different members in different corners, and you know, they're really
fighting their corner. They're not listening to each other and
sort of trying to work towards the best best outcome.
And you get places like the UK where you have
three ways splits between different members and what do you

(48:27):
make of that if you're in the market.

Speaker 2 (48:28):
Yeah, well, at least you know though, don't you.

Speaker 10 (48:32):
Well doesn't really give you a good sense of the
direction of travel of the.

Speaker 2 (48:36):
Well, it gives you the sense that everyone's disagreeing with
each other.

Speaker 10 (48:40):
That's one thing you can take from it.

Speaker 2 (48:43):
The Q two Q three thing that you talked about
yesterday I found fascinating. I am told there's a fairly
significant revision in some way, shape or form coming to
Q two. Is that your understanding, and if it is,
what's it revised to ish?

Speaker 10 (48:56):
It's not that Q two will be reviol I mean,
it may be revised, but it's more of a timing
issue that there are seasonal you know, there could be
some revision there, but there could also be some seasonal
adjustments as well, such that kind of Q three and
particularly Q four gets bumped up and kind of looks

(49:17):
probably bigger than it really is as an underlying number.
So yeah, there's a lot of noise in that Q
two number. But even if you strip it out, we
still think the economy contracted through that period. But going forward,
much more confidence about Q three and Q four being
on the app in.

Speaker 2 (49:36):
A calendar year then we're going to get some decent growth.
An't well if you go back to Q one, revise
up Q two a bit, even if it's negative. Q
three looks solid, and for metrics had zero point nine
Q four looks Okay. That's growth, isn't it?

Speaker 10 (49:49):
I mean modest over the calendar year. If you look
over the second half the year, we think you're at
a run rate of getting up towards three percent over
that six months, which, as you say, is a good,
good run rack to have, and it's something we need
to have because we've got a lot of spare capacity
in the economy. I've got a lot of headroom, and
that's partly why we've been cutting interest rates to close

(50:13):
that gap.

Speaker 2 (50:14):
All right, do you Christian? This will be the final
time we talk unless you're going to be a politician
or something. Are you heading off overseas? Have you got
a new job, what are you going to do?

Speaker 10 (50:22):
I am focused. I've been focused on getting to the
finish line and the role that I'm in at the moment,
and then just have a really long and good break
over the summer wearing a T shirt, candles shorts for
as long as I can.

Speaker 2 (50:35):
Were you disappointed you didn't get the big job.

Speaker 10 (50:39):
I'm excited about doing something different. I've been on the
Monetary Policy Committee for seven years now, I've done forty
nine meetings, forty nine decisions. Time to do something else.

Speaker 2 (50:51):
And what are your observations of doctor Emma Breeman. Is
she going to be a rock star?

Speaker 11 (50:57):
I think she'll be great.

Speaker 10 (50:58):
I've had six met since we're here as part of
the sort of induction and handover. Yeah, she'll do a
great job.

Speaker 2 (51:06):
I'm sure good stuff and I wish you very best
for the holiday season. Christian hawksby the well almost as
of Monday. The former Interim Reserve Bank Governor seventeen to.

Speaker 1 (51:16):
Two the Mike Asking Breakfast Full Show podcast on iHeartRadio
powered by News Talks.

Speaker 2 (51:23):
It'd be worrying, Mike. Hate to critique your excellent work,
but you seems stuck in the labor mindset whereby the
Reserve Bank's job revolves around supporting the economy through the
gold of maximum sustainable employment. Of the current sole focus
on price stability. It's up to the government to set
the framework and business to run with it to alter

(51:45):
the economy. I hate this blame game. Otherwise, you work
gets to pass mcdave. It was a critique and I
take it personally and I hate you now. The point
you make is not unreasonable, but I think even Nicola
Willis would happily concur that it's in unison. So the
reliant it's on the Reserve bank probably a bit. I mean,
it's like the argument that we all rely on our
house price going up, and if somebody tells you it's

(52:06):
worth another hundred thousand dollars, you go build a deck
or go to Fiji. But equally, you cannot have a
government doing what the government has done. And the government
has done all they can as far as I can
work out to this point, and trimming themselves up and
back and allowing us to get on with it and
changing the rules and the red tape and stuff like that.
But you've got to have the Reserve Bank in play,
and they've got to play the game. So I think
both play a pretty significant role, and you can't just

(52:28):
let the Braserve Bank wander around doing But it was
an interesting question. I mean, I suppose this is it
the end for now? Anyway, If this is it, what
is the role of a cut in the cash rate
given you cannot say they didn't get there in the end,
you cannot say they didn't do it over and over
and over and over again, and each and every time

(52:51):
they said the same thing, each and every time, they said,
the stimulus effect is flowing through, it is going to
flow through, It is flowing through, it will continue to
flow through. They've said that, they've been dreadfully consistent on that,
And yet has it And if it has, where's it gone?
What happened to it? Where's the pickup? Where's and and
even Christian and the answers to the question was it's

(53:13):
a puzzle. So it was, what do you say it
was a puzzle? It's confusing. I mean, they don't know.
And I still maintain that we have because a lot
of the economy is a psychological thing. It's not just
a monetary thing. It's not just nuts and bolts. It's psychological.
If you believe you're miserable, you're miserable. If you believe,
you go go, if you go get a year ago
getter and I believe that we got ourselves into a funk.

(53:35):
We were determined to be in a funk. We loved
for a period of time being in a funk. There
are still some people in this country and a funk
and they're happy being there, and nothing Adriana was ever
going to do was going to change that, or indeed
Christian and so I think ultimately you put a third
wheel in there. So the government does their job, the
Reserve Bank does their job. Maybe it's time that we

(53:56):
did ours. Ten away from it.

Speaker 1 (53:58):
The Mike Hosking freak with a Vita retirement Communities News
Togsdad b.

Speaker 2 (54:03):
Mike, we're on a three percent growth run rate for
the second half. Just the useless bias media play it down. Well,
don't get me started on the media. Let me know
what I know. Let me tell you what I know.
We had one percent in the first quarter, we had
minus point nine in the second. That's being revised. No
one seems to know what it's going to be revised
up to. But let's call it negative. Let's call it

(54:25):
negative point three. So we're up point seven for the
calendar year, right, remember that point seven infometrics Brad. We
like Brad, so we trust him. He's got zero point
nine for Q three, so we're do the numbers. That's
point six, that's one point six, and so whatever Q
four is, you add to that pretty good growth. I

(54:45):
don't know if it's three, but it's pretty good growth.

Speaker 17 (54:48):
Right.

Speaker 2 (54:48):
Confirmation that Adrian Newey designed genius has been made this
morning the team principle of Aston Martin, which is I
think I'm right in saying a surprise because I watched
a very good piece of the race. Once again, I
if you're an F one fan, the race on YouTube
as a good collection of people who are right in
the weeds of F one. They were suggesting just the
other day there was a guy from X, guy from

(55:10):
I think this Mercedes can't remember his name doesn't really
matter because he hasn't got the job. And the other
one was a guy called Christian Horner, and they thought
Horner could be the go because one he can get
back with Newie. Newei and Horner had problems in a
relationship and they sort of fell out a bit, but
apparently that's been patched up. New He knows Horner and
Horner knows Newi, and they were sensationally successful together at

(55:34):
Red Bull. Horner wants a slice of the action and
a team Aston could give that to him, because the
alternative is lpin. So it's sort of they were lining
up Horner to be the next go to and so
it hasn't happened. So I don't know whether that was
even a real thing or not. But Adrian Knew, he's
my great consider around. Adrian Knew. Adrian Newey, look him up.
They're making a documentary. What's his face Old Jennifer's X

(55:57):
Afflic Yeah, Afflic and Damon are making it documentary on him.
He's one of those really rare individuals who seems to
see things in an engineering sense that no one else can,
hence Red Bull's extraordinary success over the last handful of years.
So the great hope is the rules are changing in
F one and they're designing brand new cars for twenty

(56:18):
twenty six. The great hope, and this is where Lawrence
Stroll is smart. He's gone and hired the best in
the business. If you could, and you ask anybody who's
running any team, if you could hire anybody to design
your new car, tell me who it is, twelve out
of ten of them would say Adrian Newey. So Eston
got Adrian Newey. He's going to come up with a
new car. The expectation must be I'm assuming through the

(56:39):
roof because as I say, he sees things nobody else does.
So he looks at the rules and the regulations and
he goes, I think I could do that and that
and that, and that's going to give us the advantage.
So there we expectation on.

Speaker 16 (56:51):
Now.

Speaker 2 (56:51):
The problem with all of this is he's good at that?
Is he good at running a team, because just because
you can host a radio program doesn't mean you can
run a radio station. A lot of people tell me
that when I apply for other jobs. So just because
you're an engineering genius, can you run a whole team?
Are you too stretched? And that's the other problem. So

(57:13):
what do you take a risk in taking a mum
off the you know? So anyway, we wish him well.
So he's been announced this morning as the head of
Aston mart. The other quick thing I needed to tell
you Nick Sutner, who I like very much. He's the
head of Eden Park. So he was busy in front
of a group of people yesterday explaining how they're going
to make next to no money next year at Eden
Park because they can't do what they want to do.

(57:34):
In other words, you know the rules around the Eden Park.
It's just a joke. It's from nineteen forty two. It's embarrassing.
So this year their profit is four point two million.
What do you reckon next year? The projection is the
projection next year is one hundred and forty five thousand
a whole park. Think about the size of Eden Park,
the facility, and all the things you could do, and
all you end up with as a profit of one
hundred and forty five thousand. Here's the important thing about
the story. He was wasting his time. He was in
front of a council. What were the council doing? They

(57:55):
were having a meeting about a report and a proposal.
What's the proposal? Well, you know what the proposal, as
Chris Bishop was on the program telling us about the proposal.
The proposal is that Eden Park opens its doors to
a whole lot of business. Now the counsel is sitting
meeting and considering the proposal. Now what do we know
about the proposal. It's a foregone conclusion. The government are

(58:16):
going to do it anyway. So if you're a counselor,
if you're a Nick sortner, is this just going through
the motions? And what sort of job is that? Why
would you, as a counselor just simply go through the
motions to look at a report, listen to a person,
have a meeting. When you know full well that no
matter what you come up with and what you decide

(58:36):
has already been decided. What's the point of living your
life like that? That sounds as boring as now? Beck
Wronger is standing by? Is she and Sydney for us?
Somewhere in Australia? Anyway, She's with us after eight o'clock
this morning, look forward to the catch up. It's been
a long long time between new albums, but we got
news for you.

Speaker 1 (58:57):
She's next asking the questions others won't the mic asking
breakfast with the Defender, embraced the impossible news talks they'd be.

Speaker 2 (59:09):
Co It is seven past a good news for some
of the Beckronger's back her sixth the studio album is
called Red Sunset to others the two coming as well.
First album, first original album in some fifteen years, which

(59:31):
I find hard to believe. Anyway, Beck wrong is up
early ish for us in Sydney. Good morning to you,
Good morning, how are you. I'm very well, indeed lovely
to catch up with you. What are you doing in Sydney?

Speaker 16 (59:43):
Well, I'm just here for business. You know, I've got
my aperate board role, and I've got like I'm meeting
my record label and publisher. Yeah, just getting to get
into work, just doing some work.

Speaker 2 (59:53):
I don't live here, so you know, now, is that
fifteen years the first album? So it is this first
the original material, completely original material in fifteen years? Is
that right?

Speaker 15 (01:00:04):
It is right?

Speaker 5 (01:00:05):
Yeah?

Speaker 16 (01:00:05):
I mean I made a covers album maybe eight or
ten years ago. But you know, yeah, I've actually had
all these songs kicking round in different forms, but you know,
I haven't really had a chance to properly focus on
a new release. But yeah, it's a good time.

Speaker 10 (01:00:21):
Now.

Speaker 2 (01:00:21):
Are you excited by it? Nervous?

Speaker 16 (01:00:23):
I really excited. Yeah, I'm nervous about it. But it's
good to hear that track that you just played because
that's one of the songs and I haven't it's funny
having it out in the world because yeah, and it's
a bit of a reinvention some of it, so you know,
that's never easy to do, but it's either reinvent or
just repeat yourself. So you know, I really kind of
wanted to try something else.

Speaker 2 (01:00:44):
Did something happen specifically, did you go I must do
an album? Or did someone go, hey, how come you
haven't done an album.

Speaker 16 (01:00:52):
To be honest, it's actually because I mean I think
I've said to you before and interviews that you know,
I just really got really busy with family and now
one of my kids is moving out and next year
going to university in Wellington. So I was just like, oh,
this is this is new. I might have to actually
get a life, and so I really made a concerted

(01:01:14):
effort to kind of go, oh, no, I'm gonna I'm
going to I'm going to hurt next year, so I
really need to. Yeah, so I've been actively trying to.

Speaker 2 (01:01:22):
Get well, okay, so let me talk to you about
this as a parent then, And here's my take on it,
because I've had kids move out too, and I hear
you're you're in the majority, right, So you go, I'm
going to miss them. Oh it's really going to hurt.
I'm the officer. I love getting them out.

Speaker 5 (01:01:39):
Wow.

Speaker 2 (01:01:40):
I love No. I love seeing them in the world
really doing doing their own thing. They're they're they're evolving
and doing.

Speaker 16 (01:01:48):
Yeah that's pretty cool. Yeah, I hear you. Yeah, that's
all really exciting. Yeah, I'm loving that watching.

Speaker 2 (01:01:54):
That the French thing with this whole thing was recorded
in the winter. When I say the wind, so I'm
taking what's that January February of this year.

Speaker 16 (01:02:02):
Yeah, it was yeah, yeah, and what were you doing now?
Well again, it was like trying to bookend those parent
years because you know, I used to live in Paris
and I you know, that was like the dream of
my life to live there. And then when I had
my family, I was just like, nah, maybe I'm never
going to go back there at all, you know. And
so it was about taking the kids there and like

(01:02:22):
sort of as a as a last trip to show
them Paris. And then we just rented a house with
a piano and really knocked the record out. It was
just like it just made an effort to finish it.
And yeah, so just I wanted it to have some
of that vibe and just remembering my life before, you know,
the kids. I don't know. It was just a sort

(01:02:43):
of nostalgia trip, was it was?

Speaker 2 (01:02:45):
It fantastic?

Speaker 16 (01:02:46):
It was fantastic. It was to get a vibe, you know,
into the music, yeah, rather than just the sort of
mundane of domestic stuff.

Speaker 2 (01:02:53):
Then yeah, and what when you say you rented a
house with a piano. Is that with a piano and
the song comes from the old piano of the eighteen
oh seven piano.

Speaker 16 (01:03:03):
Yes, yes, there was this amazing grand piano. And I
didn't know this, but there's a thing where you know,
you can I seldom use AIRBND, but you know there's
these Wow, there's pools, there's pianos.

Speaker 17 (01:03:14):
You know.

Speaker 16 (01:03:14):
I was just like, we're gonna do this. So it's
kind of like, it sort of seems crazy not to
actually record while was there.

Speaker 2 (01:03:20):
And so so you literally written so you airbnb'd your
holiday and you and so you literally recorded the album
in the house while you're on holiday.

Speaker 16 (01:03:31):
Yes, correct, Yeah, wow, yep. And yeah, because some of
these songs, some of the fragments of this were from
twenty five years ago. There's unfinished songs from the second
record that that didn't make the second record and then
they've been you know, after been finished.

Speaker 2 (01:03:46):
And okay, yeah that's cool because here's the other thing,
because this just makes me soundly old. But the albums
am I right in saying the album's not out yet,
but you've done this. Three singles are already out.

Speaker 16 (01:04:00):
Yeah, that's right. Yeah, it's not out till February thirteenth,
But the first three songs are out, and yeah, we
we just announced the tour, the olden date and the
tour dates.

Speaker 2 (01:04:10):
Well, I'll come to the tour in just a couple
of moments. So the three songs that are that are out,
so I listened to all of those yesterday, so they're
all great. What's it feel like to have that bit
out with more to come?

Speaker 16 (01:04:22):
Oh, it's exciting. It's really exciting. But you know, I
do really appreciate you talking to me this moment because
what it feels like is it's a really different landscape.
It's like there's no there's not a lot of music media.
There's not a lot of people reviewing albums. And you know,
the last time it made a record, that's quite a
lot more yeah media, and so it's a really different landscape.

Speaker 2 (01:04:45):
Yeah, there used to be a lot more. There used
to be a lot more media. Bag that is true.

Speaker 16 (01:04:48):
Yeah, thank he's crazy.

Speaker 2 (01:04:50):
Just your hold on two seconds for us, beck wrong,
who's with us from Sydney. You'll come back with more
of the tour is coming the summer, so details on
that as well. For your thirteen past eight.

Speaker 1 (01:05:00):
Mike asking Breakfast full show podcast on iHeartRadio powered by News.

Speaker 2 (01:05:04):
Talks It Use Talks. It be at a sixteen minutes
past day. Beck Wronger is with us out of Australia.
The new album which isn't out the yet, a thousand
February Red Sunset. There are three singles out and we've
got a tour to come and I'll give you details
on that. You mentioned Beck Opera. Does opra still work?
Is that still a thing for artists and the money
flows and the envelopes?

Speaker 18 (01:05:24):
Right?

Speaker 16 (01:05:25):
Oh, yes, it does still work. And so it's the
Australasian Performing Rights Association, and you know it's a three
quarter of a billion dollar business and just in those
regions and I'm on the board and you know it's
every year we were doing better and better and it's
about getting songwriting royalties.

Speaker 2 (01:05:43):
Back to exactly songwriters exactly.

Speaker 16 (01:05:45):
It works really well.

Speaker 2 (01:05:46):
Do you battle with the streamers in terms of what
they pay?

Speaker 16 (01:05:51):
We negotiate prices with them. And then you know, no,
we don't battle with them. We you know it's they
know we partner with them.

Speaker 2 (01:06:00):
Said, there we go. There's the board member talk. It's
just every time we had page in the other day
she's a young artist, a lot of talent, all of
that sort of stuff, And I'm always I always ask
them about revenue streams and you know, where they get
their money from and how it works and stuff, and
I just worry, and this makes me sound old again

(01:06:21):
that I worry that they're not surrounded by people who
are giving them the sort of advice that that this
is a model, this is a business, that this is
your living, that you know you need to take care
of it. Because they're all sort of loving the creativity.

Speaker 16 (01:06:34):
Yeah, I don't know an artist that hasn't had to
learn the hard way. You know, you go into it
with like, you know, eyes wide open and all you
want to do is make music. But yeah, no, it's
a it's a bit of a dirty business really, like
if you're not careful. Definitely. But I did meet Page
recently and I just I loved how she knew deep
down what was going on, and I think that I

(01:06:55):
think a lot of musicians actually do. But you sort
of have to have blinkers on to just to get
through it. But because it's actually it's it is full
of skullduggery. And you know, the music industry is not
a great. Yeah, it's not great environment exactly?

Speaker 2 (01:07:07):
Is this all cream on the cake for you these days?
Did you get to a point that you've been so
successful that everything's just a bonus and a gold medal?

Speaker 15 (01:07:14):
Oh?

Speaker 16 (01:07:14):
No, I kind of as always committed to being a musician,
you know, right from an early age, from eleven, I
knew I wanted to be a musician, So I was
always in it for the long haul, even when it
just felt like it was going badly. You know, you
never lose that sense of yourself as a musician, Like
I couldn't retire because I don't know, I feel like
I'd lost my sense of self. So yeah, it's good. Yeah,

(01:07:36):
I've got no choice but to keep going.

Speaker 2 (01:07:38):
When did it go badly? It's never gone badly for you.

Speaker 16 (01:07:41):
Well, you know, it's one of those things where you
you know, you can't stay on top all the time.
And you know I had hits early, so you know,
there's a lot of like, you know, just noodling around
the house and thinking, am I ever going to do
this again? But yet? But you know I'm here, I'm.

Speaker 2 (01:07:59):
Still moodling around the house. So what was So what
are your expectations on this album? Then do you have
expectations and hits or what?

Speaker 16 (01:08:09):
I love it? Yeah, No, that's the thing. We've Being
where I'm at, I learned how to manage expectations and
that's that's the healthiest way to go about it. So
I'm really you know, I've really I'm happy with myself
that I finally made new music and and every time
someone really connects with the music, I realize that's the
that's the thing that matters. And yeah, so so it's problem,

(01:08:30):
it's probably not going to be. There's no sets anymore.
It's really rare. It's hard, so you know, yeah, it's
I'm just happy with where I'm at.

Speaker 2 (01:08:38):
That's what about the road? What about the tours? What
about the concerts? And is that still a thrill?

Speaker 16 (01:08:44):
I still love that And that's the bit that I
spent decades trying to get better at. So that's the
thing that you know, I feel that I can control
and I really think, you know, that's the good part
for me.

Speaker 2 (01:08:56):
Good. You've got to show on Wellington I note with
the Nzdso has that been recorded?

Speaker 16 (01:09:01):
Yes, yeah, we just did one with the APO as well,
and yeah, I loved it. So we you know, once
you build a show like that and you commission all
the arrangements. You know, you could do that forever, and
it's it was really exciting. It was just such an
efficient practice and you know, you just show up and
you sing and you just nail every song with the conductor.
And then then then mvso approached us to do one.

(01:09:21):
So that was you know, like I could do this forever.
This is so fun.

Speaker 2 (01:09:25):
Yeah, I love it. Well, well, I've got your schedule
of I'll give them people the details in just a moment.
It's all happening in March. What are you doing for
the holidays? You're going away for Christmas, You're relaxing, you.

Speaker 16 (01:09:35):
I've got we're starting to get going outside of you know,
we're going to the Philippines and we're going to Thailand
and for work. You know, so that's really exciting. Those
are big markets for me, because you're streaming markets for me.
So I'm just going and playing there and having meetings
there and so I'll take the family to that.

Speaker 2 (01:09:53):
Yeah, fantastic. Maybe the piano.

Speaker 16 (01:09:57):
Yeah, but my mom's in Malaysia, so we will all.

Speaker 2 (01:10:00):
Well, I love you mum, Oh yeah, my mom loves
you too.

Speaker 16 (01:10:03):
Yeah.

Speaker 2 (01:10:04):
I love it and I love you too, man listen
lovely to keep lovely, to catch up with you, have
a great holiday, and good luck with the old one
and all the concerts and stuff. Nice to talk, take care,
thanks for having us, yea chairs, how I mean? Is
she the world's most lovely person?

Speaker 14 (01:10:16):
Or what?

Speaker 2 (01:10:16):
I'll give you the list of concerts in just a
couple of moments.

Speaker 1 (01:10:18):
Eight twenty one the mic Hosking breakfast with the Defender
and used togs.

Speaker 2 (01:10:23):
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triple nine three O line online at about health dot
co dot m zsky Right. So she's in hawks Bay
in Hamilton, Auckland, christ Church, Wellington, Melbourne, Brisbane, Sydney, Canberra
and Fremantle at the Frio Social. So that's in March

(01:11:27):
of next year. If you're a Bigrunger fan, Mike great
to hear Big Wrunger interesting. Her liaison with the NZSO
too might continue, will replace the NZSO playing with Split
Ends and Cayrie to Carnaman. Mike are with many Vinderbenni
or several of Bigroonger's concerts and they never disappoint. Charming
and a musical delight. Michael walked past to Barren Byron
Bay twenty four years ago, heard the most beautiful voice.

(01:11:48):
So I went and I met Beckwronger doing a live set.
Loved her ever since Mike, you're obsessed with musicians, I
think it's your dream to be one. I don't think
you would have been a famous if you were. Paul,
I'm not obsessed. What I find in musicians, generally speaking,
is that they're living their dreams. And I'm all about
people living their dreams. So if you're living your dream,
I'm right there with you. That's how that works, basically.

Speaker 3 (01:12:10):
News.

Speaker 2 (01:12:10):
In a couple of moments, we've got Rachel Reeves. I
don't know that there's anything left she hasn't taxed today,
twenty six billion pounds in new taxes. Twenty six billion
pounds in new taxes. Ender Brady with us shortly.

Speaker 1 (01:13:28):
Opinionated, informed, unapologetic, the mic asking breakfast with Bailey's real estate,
doing real estate differently since nineteen seventy three, used talk
sad be interesting.

Speaker 2 (01:13:39):
I've been talking to the Prime Minister earlier on this week,
and I was talking to about the carbon market, what
a disaster the carbon market is, and how the governments
keep mucking around with the carbon market. That's why nobody
turns up and buys credits, and that's why the whole
twenty fifty thing is a problem. He still argues, and
I won't bore you witlers, but there were various targets.
So the original target was twenty fifty. Of course nit
zero about twenty fifty, he says, we're still going to
get there. Interesting developments yesterday. One of the plans they

(01:14:03):
had was to capture and store carbon dioxide from the
Caperny gas field, and they thought that would help. But
they formally dropped that, and they've dropped that for very
good reasons. The high cost of building a carbon capture
and storage facility was no longer worth it without government investment.
That's what the company came to the conclusion. So that
was the end of that. But New Zealand needs to

(01:14:25):
produce less than three hundred and five million tons of
greenhouse gas emissions to stay within its twenty six to
thirty emissions budget. So you got budgets along the way
leading to twenty fifty. So three zho five million tons
is our target for twenty six through thirty, which obviously
is what we're about to enter into. Now it would

(01:14:47):
appear that we're going to make it. So that's good.
So you say, hello, Louja, congratulations, well done to us.
We've done something good. Now the question then is if
we've suddenly dropped the carbon catcher capture, how is it
we're going to make And the answer is they've suddenly
discovered and this is the whole science will say this,
They've suddenly discovered that the trees have sucked up a
lot more carbon dark side than I thought they were.

(01:15:10):
Similar to that, we didn't do anything. We didn't then
pinge on everybody's life. We didn't change any rules, we
didn't text anybody, We didn't tell you what to do
and how to live your life. We just suddenly discovered
that the trees were sucking up more carbon dark side
than we thought, and all of a sudden, there as
a result of that, we will meet our targets. Go
figure twenty two to nine. Pasking right I led us
head now to Britain and into Brady, is whether it's

(01:15:30):
in a very good morning.

Speaker 18 (01:15:31):
To you, good morning, make good to speak to you again.

Speaker 2 (01:15:35):
And you two. Is there anything lift? She hasn't text.

Speaker 7 (01:15:40):
Not much.

Speaker 2 (01:15:41):
I have to say.

Speaker 18 (01:15:41):
We're all kind of working out how worse off we're
going to be. They reckon the average family will be
his average working family down about three two hundred dollars
a year off the back of this budget. So look,
the messaging from Labor is that Britain is in such
a tight spot financially that absolutely everyone needs to take
a hit, and by god, she's done that. They're calling

(01:16:03):
it a small gas board of tax rises.

Speaker 2 (01:16:07):
Did she deliver roughly what you thought she was going
to or did she go further?

Speaker 18 (01:16:14):
I think so much of this had been leaked and
trailed in the press in the last week to ten days,
and then on top of that, would you believe it,
half an hour before Rachel Reeves, the Chancellor, stood up
in Parliament to deliver the budget for the UK government,
an organization called the ob or, the Office of Budget Responsibility.
They published a document with their response to the budget,

(01:16:36):
so they'd clearly been given all the budget in advance.
They published it way way too early, so journalists had
sight of the budget before Rachel Reeves stood up. So
it wasn't exactly as if there was anything that came
as a shock because we were hearing about us on
the airwaves half an hour before she spoke twenty.

Speaker 2 (01:16:57):
Six pounds in New Texas that she's got Does she
have the whole or close the fiscal gap or does
she just go and spind it all and keep borrowing
as well.

Speaker 18 (01:17:08):
No, I think it's a mix of both. So the
fiscal gap is somewhere in the region of forty billion
pounds a year.

Speaker 2 (01:17:14):
At the moment, so she's closing it. Basically.

Speaker 18 (01:17:17):
The conundrum for Labor is they're in government fourteen months
and they're saying that everything that's happening at the moment
hasn't happened in fourteen months. It's dealing with fourteen years
of conservative rule. That's what meant the messaging that Labor
are trying to put out tonight here. Her problem is
people are very short coming. The bills are going up,
and we have a long winter ahead of us as

(01:17:38):
you are embracing spring and summer and all that is
good if.

Speaker 2 (01:17:43):
Rubbish weather and very.

Speaker 18 (01:17:45):
It was minus one this morning when I went running here,
so our energy bills will be going through the roof.
People are struggling to get to the end of the month.
And I think the problem for labor is that they've
taxed the hell out Switzerland, Milan, Dubai, anywhere with a
less punitive tax regime for the super rich, so they're

(01:18:06):
left with basically the middle classes, and I think this
is a budget. It's good if you're on benefits, it's
good if you're a low wage earner. But if you're
a higher earner or in the middle bracket, I think
it just is relentless misery of taxation.

Speaker 2 (01:18:23):
How does she defend in a country with less than
no money, the two child benefit scrapping there so you
can have as many children as you like on a benefit.
I mean, how do you explain that? Well, you just can't.

Speaker 18 (01:18:36):
I mean even the most ardent of labor supporters will
think this is one that they really didn't have to
do right now. They've got another four years until there's
an election. But my prediction is that, look, they wanted
to deliver a labor budget for labor people, to help
the working family, and I think they've messed that one
up because the Conservatives are coming out and saying, yep,

(01:18:58):
so your taxes are going up because as they want
to give welfare to people with loads of kids on benefits.
And that's the headline.

Speaker 2 (01:19:05):
Unreal just quickly, just as just an aside, and the
Lemmy's thing yesterday, I was reading about where he wants
to get rid of a lot of jury trials. Is
that a a major story? And b of it is
has it got a lot of pushbackers? Everyone on board with.

Speaker 18 (01:19:18):
It, que story, and I think the timing was deliberate,
put it out on the eve of a budget, so
all the journalists are tied up looking at taxes and
income thresholds and where the money's going to come from.
I've been covering court cases in the UK for thirty
two years now and I think it is a cornerstone

(01:19:39):
of democracy. The system works brilliantly well. And I think
I've been to so many cases and you're just all
people who agree to jury service turn up put in
the time, whether it's two weeks or six weeks, it
could be six months. It's the cornerstone of criminal justice
and democ christy in the UK really and I think

(01:20:02):
the criminal justice system is on its knees backlog of
eighty thousand cases, Mike, that's why they're doing this.

Speaker 2 (01:20:09):
Good to see you, mate, you go well, appreciate it
very much. Into Brady, who's in for a rod little
this morning. Just just as see. First of all, the
mansion tax, it's not a mention. This is for homes
worth more than two million pounds. You know, homes in
New Zealand worth two million bucks are not mentioned, and
we all understand that, and they understand the same thing
in Britain, mainly in the southeast of England, in places
like London. So if you've got a two million pound house,

(01:20:29):
you're not in a mansion, you're just in a nice
house anyway. So that's another six thousand dollars a year.
That's on top of your rates and all the taxes
you already pay. You just pay another six thousand dollars
a year because you can allegedly, and if you've got
a house worth more than five million, which I would
argue is still not a mention, still just a very
nice house, you'll be paying another sixteen thousand dollars a year.
So rates, taxes, all that sort of thing, and we'll

(01:20:49):
have another sixteen thousand dollars a year just because you've
got a nice house. That's the sort of thing. They're
into it. And by the way, we will give that
to people who can now have as many children as
they like. Wealthare go Figure sixteen two.

Speaker 1 (01:21:03):
The High Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at.

Speaker 2 (01:21:08):
B there's a great story from Resonate customer. Customer is Lisa.
She's a hearing aid warer herself, and she said she
actually google does Keith Richard's wear hearing aids and then
she laughs. This says, I'm getting a hip replacement so
I can swing my leg over the bike. Why wouldn't
I make myself better in every other way? Very very
good point, because she's right. See, we take supplements, we

(01:21:30):
work out, we get a new hip, we get a
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Lisa says, people take all their health foods because they
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being part of the conversation that sitting on the edge
of it. That is why she is with Resonate Health.

Speaker 5 (01:21:50):
Now.

Speaker 2 (01:21:51):
For ninety dollars a month, you get top of the
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or you go to Resonate Health dot co dot nz
paskime Mike Wilby in for Texas like that if Hipkins

(01:22:12):
gets the CGT. Mike was at the Future Labor New
Zealand budget we just discussed with Ender. Mike wasn't Hipkins
over in England a few months ago seeing how labor
would exactly He went to the conference. Remember he went
over to Liverpool and he was going to hang out
with Kostarmer for a while. It's been a long time,
you know, disassociate yourself with the labor thing. But it's
been a long time that you've seen a Newish government

(01:22:33):
anywhere that has been that as cataclysmic as the Starmer
labor government of twenty twenty four to twenty five, twenty six,
twenty seven, twenty eight. Given they've got a five year term,
is over twenty ones get twelve pounds seventy one an hour,
so that right that's gone up fifty p They've got
different age groups in that country, eighteen to twenty to
get an eighty five p rise to ten eighty five

(01:22:54):
and the under eighteens and apprentices get forty five p
more an hour to eight pounds an hour eight pounds
an hour, and don't there's no point we got a
son in Britain. There's no point going oh yeah, but
that's eighteen New Zealand dollars. It makes no difference because
you earn pounds, you spend pounds. And I can tell
you living in Britain is an expensive business. Minimum increases

(01:23:16):
are on top, by the way, those wage increases are
on top of the six point seven for the over
twenty ones, the sixteen percent for the eighteen to twenty
year olds that they got last year, and you wonder
why the place is broke. And then we come to
Kia was actually at a school. He was at Well
in the Caadam in Peterborough, and he led the kids

(01:23:36):
in a sixty seven dance and this six seventh thing
is a thing. Look it up if you don't know
what it is. Anyway, he led them in a dance.
He was reading with pupils when one pointed out that
they were on pages six and seven, and then the
Prime Minister made the juggling hand gesture and off they went.
And the problem was he goes, oh that got about

(01:23:58):
that got a bit carried away, didn't he said to
the teacher and the teachers actually the six seven dancers
banned here at the school. And do you know what
he said as Prime Minister of the country. Well, I
didn't start it, he later said. Sorry, turn away from
nine for the mic casking.

Speaker 1 (01:24:15):
Breakfast with Bailey's Real Estate news dogs, there'd be no.

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that because then just the water flies everywhere. But that's
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waterpick dot com, dot au Hosking the remaking right Rush
Our four. I didn't realize it was such a thing.
This Paramount Warner Brothers Discovery. They've cut a deal over
revenue sharing the trilogy. Huge hit. This also comes by
the ways Paramount, Comcast and Netflix are putting in bids

(01:25:46):
for Warner Brothers Discovery studio and streaming assets, so that's
in play at the moment. It's they've been looking to
do it for about two twenty years, two decades. Rush
Our four anyway, Brett Ratner. I don't know if I
near ever knew this or I just forgot, but anyway,
the director Brett Ratner, his career fell over in twenty seventeen.

(01:26:06):
Several actors accused him of sexual misconduct. He denied it
all no one was ever charge, et cetera, et cetera.
But that was back in a time when if anyone
said anything then you were canceled.

Speaker 9 (01:26:15):
So you know, he's a mate of Larry Allison, La
Larry Allison's Larry's back back, and Trump likes action movies
and car chases and explosions and you do the.

Speaker 2 (01:26:28):
Math, and he likes peace in our time as well.
I'm told, was that just Steve Woodcock talking to Putin?
I can't remember. Five minutes away from nine.

Speaker 1 (01:26:35):
Trending now with Kemna Twells Black Friday.

Speaker 2 (01:26:39):
Sale now right, O'shawn Duffy is the man who's cleaning
up America's act when it comes to flying. He's said
that everything would be better if people stop wearing beer
pajamas on flights, and of course he's right. He can't
argue with that. He's released a video talking to an
ear hostess.

Speaker 14 (01:26:52):
So let's talk about civilities and what can we do
to make the fate experience.

Speaker 2 (01:26:57):
A little more several, a little better, a little happy.

Speaker 15 (01:27:00):
We love when people walk on board and say hello, please,
and thank yous during the surface, you know, especially during boarding.
To hear thank you when it's the hardest part of
my day coordinating all of the ground activities and walcom
me people on board immediately goes a long way.

Speaker 2 (01:27:16):
Yeah, that's nice. As people are traveling for Thanksgiving at
the moment in record numbers, so what are they thinking
about all of this? And are they wearing any pajamas, crocs,
comfy socks, flaggings, a hoodie and if my hair depending
on how my hair is looking a body.

Speaker 15 (01:27:33):
At least a nice top keep warm because it gets
a little cold on the plane, and then it's the
comfortable pants, but never pajamas.

Speaker 7 (01:27:39):
Don't make our trip political.

Speaker 15 (01:27:42):
Have people enjoy theirselves and get on a flight and
enjoy themself to give with their family on Thanksgiving.

Speaker 7 (01:27:47):
I don't really mind it. If other people aren't super dressy,
that's okay with me.

Speaker 2 (01:27:51):
I'm not super worried about it. A lot of people
drunk on planes these days. Is reading the article about
it the other day, another article. I know I told
the story the other day, but I've written other article
about the story I told the other day. And there's
just an increasing number of drunk people on planes that
just cause trouble. And it's not about clothing and pants
and what you're wearing. It's just about can we.

Speaker 9 (01:28:10):
Have two different kinds of flights.

Speaker 2 (01:28:13):
Different show sp What an excellent idea, just we class
and uncivil class yep, you can like if you're if
you're a bit pissed and you're in some crocs, that
you flight over there. If you want to be normal,
that you flied over there. Back tomorrow, Happy Days.

Speaker 1 (01:28:31):
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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