November 7, 2024 • 11 mins
THE BEST BITS IN A SILLIER PACKAGE (from Friday's Mike Hosking Breakfast) One, Two and B/Desparately Undoing the Damage/Trump Finds Trump Not Guilty/Mark the Week/How the Hosk Moves Markets
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Speaker 1 (00:09):
You're listening to a podcast from News Talk said B.
Follow this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:25):
Repay there and welcome to the rewrap for Friday. All
the best bits from the Mike Husking Breakfast on Newstalk
SEDB in a sillier package. I am Glen Hart and
today what there is a bank has been up through
this week? How Trump will deal with the cases against
Trump now that he's the main man. We'll mark the
(00:46):
week because it's Friday. That is what we do. And
Mike starts nailing the final nails into the All Birds coffin.
But before any of that, the Treaty Principle's Bill. What
are these treaty principles anyway? Sounds complicated.
Speaker 3 (01:04):
Principle one, let me just go through. Just just let
me go you. Principal one two, Principle three. Really Principal
one Executive Government of New Zealand has full power to govern,
and the Parliament of New Zealand has full power to
make laws a in the best interests of everyone and
b in accordance with the rule of law and the
maintenance of a free and democratic society. Problem so far.
Principal two one the Crown recognizes and will respect and
(01:27):
protect the rights that Hapu and Eui Mari had under
the Treaty of Waitangi at the time they signed it.
Speaker 2 (01:33):
Two.
Speaker 3 (01:33):
However, if those rights differ from the rights of everyone else,
Subclause one applies only if those rights were agreed in
a settlement of an historic treaty claim under the Treaty
Way tang Yak nineteen seventy five. Principal three. One, Everyone
is equal before the law. Two Everyone is entitled without
discrimination to a the equal protection and equal benefit of
(01:54):
the law, and b the equal enjoyment of the same
fundamental human rights.
Speaker 2 (01:59):
Hang on, So you had A one, A two and
A and a B.
Speaker 3 (02:02):
A one and a two and an A and a
B in a principle one, two and three.
Speaker 2 (02:04):
I've forgotten what we were talking.
Speaker 3 (02:05):
And there it is. And that's the beginning, the middle,
and the end of it. That's what got introduced, That's
what will be debated. That's what's going off to the
Silic committee. Where's the problem? What's as short of you
being blinded and you being determined? And the counter argument
for all the people who have texted and go explain
to me what the opposition is I can do it
really really simply. The opposition is predicated on the idea
(02:29):
that if you're a race based person I identify as Murray,
you deserve different treatment. You deserve to be at the
front of the line, you deserve a special seat to
a special vote, more money, different money, cause you're different
and you deserve to be treated. That's the opposition. So
the opposition is to everyone's the same. No, we don't
like being the same. We don't want to be the same.
We want to be different and special and more important
(02:52):
with the accouterments that come with that. And that's your argument.
The beginning, middle, and ends simple as that.
Speaker 2 (02:56):
You see he lost me there, So principal three, that's
got a one and a two and then an A
and a B of Yeah, that's I can't have clauses
as a sabaploores. At that pointly, he'd starts spinning around
and eventually unscrews itself and falls down wall onto the floor.
Speaker 3 (03:16):
The rewrap.
Speaker 2 (03:17):
So I trying to understand any thing of the rivers
where Reserve Bank Governor says.
Speaker 3 (03:20):
Our old friend Adrian Or's decided Trump will be slightly inflationary.
He announced yesterday, and that peak trade globally he speaks
of is over, and I think on both counts he's
probably right. He's not right. He wasn't right this week
on the jobs when he thought they would be five
percent by way of unemployment, and I don't think he's
right when he talked in his fiscal risk report this
week that more jobs will lead to more mortgage defaults
(03:41):
on housing. If we've learned one thing out of this
whole mad COVID experiment, it's that New Zealand is in
our relationship with housing is something out of the box.
It's obsessive. If we don't believe it's a right to
own a house, it's certainly on the old to do list,
and we work awfully hard to make it happen. And
having made it happen, we ain't letting go easily, which
is why the mortgage cliff never happened. All the doom
and misery around all the houses that would be foreclosed
(04:03):
on never came to pass. So a few more job
losses isn't going to add to the calamity that never happened.
In the food An interesting question to ask, I think,
is whether Adrian's conservatism has and indeed continues to hold
this country back. He's got a just in case feel
about him. Don't you think the amount that banks have
to keep aside for things that so far haven't happened,
(04:23):
the jobs that might be lost, that, in fact, weren't
the money all the banks needed for free during COVID,
so they could spray it about the place to protect
a lot of stuff that, as it turned out, didn't
need protecting. This is not to say things haven't been
and aren't bad. They are. Adrians made a god of
full mess of it, all as bad as any and
worse than most. But this week I think we saw
a little bit of hope. The jobless rate is still
(04:44):
to rise, yes it is, but if the forecasts were
wrong now, my bet is those who think it will
go to six percent will be wrong next year. The
mood has or is changing. People don't want to be
any more down than they need to be, and the tide,
my gut tells me, is now turning. Even Adrian saw
better times ahead for farming in his report this week.
I see it not only for farming. I see it
indeed for most of the rest of us.
Speaker 2 (05:05):
Feel I've been saying all along that will get better.
Like things, we're never going to stay bad where they don't.
It's just not what happens. Things eventually get better, and
then they'll get bad again for some other reason, and
then they'll get good again. That's how things are, Isn't it?
Have I oversimplified it? Should? I add some clauses and
(05:26):
subclauses rewrapped? All right? So now that Trump is the
big kahuna, the big chief in charge of everything, well,
he will become generary. Does that mean he just lets
himself off all the things that he's in trouble for?
Speaker 3 (05:43):
In really broad terms, Trump's legal problems are going to
go away, So let's work your way through him. He's
got civil fines and civil cases, about half a billion
dollars worth of civil finds. He can't escape those. You
may well appeal women, it may well get tied up
and court for years, but he can't get rid of
them or not pay them just because he's become president.
The New York case, the hush money case, this is
one mench He's due to sentence this month. Sometime. He's
(06:05):
not going to get It's unlikely he's going to get prison.
So he's going to get fined, and that'll be another
fine that he's probably going to pay.
Speaker 1 (06:11):
Jan.
Speaker 3 (06:12):
Six. This is where it gets really interesting.
Speaker 2 (06:14):
Jan.
Speaker 3 (06:14):
Six was driven by Jack Smith. Jack Smith I think
is probably on trade me looking for work, and if
he's not, he should be. So that's essentially the discussions
have already started to make those cases go away. So
that's the Jan. Sixth case, the classified documents case that
was the business of all the paperwork at Mary Lago
that has been put on hold anyway in that kind
(06:37):
of this is going nowhere since and of course it's
all changed for now. So that's another thing that we'll
let to see the light of day. And then the
big one is the Georgia case. Georgia case is bogged
down mainly because of Willis, the ag who was Fanny Willis,
who was District Attorney rather DA not ag DA, because
(06:58):
she was involved with in a relationship with one of
the blokes running the case and that was all highly
dodgy and they were sort of working. That'll go away
as well. So essentially, if it's civil and he's been
found guilty, he'll need to pat the fines in some way,
shape or form. The big stuff forget it.
Speaker 2 (07:12):
It's a great system, as it's a great way to
run a country that you can be guilty over crime
unless you've then become president of that country and then
you won't be guilty anymore. I'm definitely sure that's how
justice should work. Still rewrapping right, let's mark the week.
Hopefully it'll be a little bit less cynical than i am.
Speaker 3 (07:32):
Time down to mark the week, little piece of using
current events that so quite often produces more tears than
an NCEEA exam. Germany two governments collapsed to Ireland six
they've called the vote. The Americans eight spoke with a
rare clarity around a singular idea called trump Ism. Georgia
six democracy one in a place it doesn't always trump
(07:52):
nine We also have.
Speaker 1 (07:55):
Won the popular vote hours great.
Speaker 3 (07:58):
As profound a redemption and comeback story as you will
ever see the All Blacks eight awesome start of the
Northern Tour proper, No, we don't count Japan next op Ireland,
which is not the same as England. Gimme bed knocks?
Speaker 2 (08:10):
Seven?
Speaker 3 (08:10):
Did be Foreign Secretary take that opportunity to apologize for
making derogatory and scatological references first out this week in
pm QS. She looks quite the package. Boris Johnson seven
sewed enjoyable and on his way here. Politics aside, the
world needs more irrepressible and brilliant people like him. Mike
Groomshaw seven, Hero of the week, spoke honestly and given
(08:31):
the times bravely when he talked of universities needing to
be more elite. Auckland FC eight a sensational story barely formed.
Haven't lost, can't score against them. The Ird two got
the apology at last, but honestly, how they could even
(08:51):
begin to justify taking private information and flicking it off
to Facebook is beyond me. Infrastructure six good week. Two
tunnels for Wellington progress and Auckland for a second harbour crossing.
But talking ain't building cars. Six because October's sales were
some of the best this year, unless, of course, you
sell the evs a job. Six because it wasn't as
bad as they thought. I reckon the who landscape's changing. No,
(09:13):
we're not rock star, but it's not as dreary as
some might have thought. Speaking of which houses seven, well
blow me down. New stats this week. First home buyers
are paying lesson getting more, not the miserable old, I'm
locked out story so many you want to make it
out to be. And that's the week copies on the
website and six of these, tied together, twisted around, colored
and dipped in glitter make an awesome Christmas.
Speaker 2 (09:34):
Becky, speaking of Christmas decorations, if you are in the
process of putting some of those up, can I really
recommend some smart Christmas lights? Because I put those up
and they're not Christmas lights at the moment. I've got
them just colored in a sort of reasonably normal color.
But then once I am actually feeling Christmas e which
(09:57):
I'm certainly not this week, I'll just be able to say,
change the theme to Christmas and I would be all
red and green and whatever other colors are Christmas three wrap.
I'm feeling guilty. I'm feeling like we need to buy
everybody all birds for Christmas this year.
Speaker 3 (10:13):
I feel I don't. I'm sort of betwixt in between.
Because you know, if you've been a long term listened
to this program, I called it all Birds early. No
one called her but all Birds earlier than I did.
I said, there is no future, and those sort of shoes,
those sort of shoes are never ever, ever going to
take off, and so it has proved to be, and
yesterday sales down another twenty five percent. But the sadness says,
(10:34):
of course it's Tim Brown and you want to support
a new Zealander and the dream and the idea and
all of that sort of stuff. But it's just I
just know every time they report it gets worse. And
the world was never going to take on Marino based shoes.
Speaker 2 (10:51):
I feel like it was your negativity that perhaps has
led to its down. Mark. Well, I mean, you just
get every opportunity. You just described them as being rude shoes.
Speaker 3 (10:59):
I just time I want to I personally blame Jack
Tame because he counted he juxtaposed me by going, no,
they're cool shoes, and he started wearing them.
Speaker 2 (11:07):
Well, who ever we were in doubt on who here's
the most influence over you know, the consumers of the world.
Speaker 3 (11:13):
Well, precisely, I mean twenty five percent. I wish them well,
I want it to work for them and Tim and co.
Speaker 2 (11:20):
But can you just tell me what that crypto is
that you're recommending on Focus. Yeah, I really think Marke
the responsibility as with him, I've been a fan of
all birds. I'd be quite happy to wear all birds
and saying that I've been importantly all birds, but yeah,
I don't not like them anyway. That's the Hosk effect
(11:41):
for you, Isn't it moves markets? I am Glen Hart.
That was the rerap and will be back here with
more market moving comments like that on Mondays.
Speaker 1 (11:50):
Then for more from News Talks d B, listen live
on air or online, and keep our shows with you
wherever you go with our podcasts on iHeartRadio
You're listening to a podcast from News Talk said B.
Follow this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:25):
Repay there and welcome to the rewrap for Friday. All
the best bits from the Mike Husking Breakfast on Newstalk
SEDB in a sillier package. I am Glen Hart and
today what there is a bank has been up through
this week? How Trump will deal with the cases against
Trump now that he's the main man. We'll mark the
(00:46):
week because it's Friday. That is what we do. And
Mike starts nailing the final nails into the All Birds coffin.
But before any of that, the Treaty Principle's Bill. What
are these treaty principles anyway? Sounds complicated.
Speaker 3 (01:04):
Principle one, let me just go through. Just just let
me go you. Principal one two, Principle three. Really Principal
one Executive Government of New Zealand has full power to govern,
and the Parliament of New Zealand has full power to
make laws a in the best interests of everyone and
b in accordance with the rule of law and the
maintenance of a free and democratic society. Problem so far.
Principal two one the Crown recognizes and will respect and
(01:27):
protect the rights that Hapu and Eui Mari had under
the Treaty of Waitangi at the time they signed it.
Speaker 2 (01:33):
Two.
Speaker 3 (01:33):
However, if those rights differ from the rights of everyone else,
Subclause one applies only if those rights were agreed in
a settlement of an historic treaty claim under the Treaty
Way tang Yak nineteen seventy five. Principal three. One, Everyone
is equal before the law. Two Everyone is entitled without
discrimination to a the equal protection and equal benefit of
(01:54):
the law, and b the equal enjoyment of the same
fundamental human rights.
Speaker 2 (01:59):
Hang on, So you had A one, A two and
A and a B.
Speaker 3 (02:02):
A one and a two and an A and a
B in a principle one, two and three.
Speaker 2 (02:04):
I've forgotten what we were talking.
Speaker 3 (02:05):
And there it is. And that's the beginning, the middle,
and the end of it. That's what got introduced, That's
what will be debated. That's what's going off to the
Silic committee. Where's the problem? What's as short of you
being blinded and you being determined? And the counter argument
for all the people who have texted and go explain
to me what the opposition is I can do it
really really simply. The opposition is predicated on the idea
(02:29):
that if you're a race based person I identify as Murray,
you deserve different treatment. You deserve to be at the
front of the line, you deserve a special seat to
a special vote, more money, different money, cause you're different
and you deserve to be treated. That's the opposition. So
the opposition is to everyone's the same. No, we don't
like being the same. We don't want to be the same.
We want to be different and special and more important
(02:52):
with the accouterments that come with that. And that's your argument.
The beginning, middle, and ends simple as that.
Speaker 2 (02:56):
You see he lost me there, So principal three, that's
got a one and a two and then an A
and a B of Yeah, that's I can't have clauses
as a sabaploores. At that pointly, he'd starts spinning around
and eventually unscrews itself and falls down wall onto the floor.
Speaker 3 (03:16):
The rewrap.
Speaker 2 (03:17):
So I trying to understand any thing of the rivers
where Reserve Bank Governor says.
Speaker 3 (03:20):
Our old friend Adrian Or's decided Trump will be slightly inflationary.
He announced yesterday, and that peak trade globally he speaks
of is over, and I think on both counts he's
probably right. He's not right. He wasn't right this week
on the jobs when he thought they would be five
percent by way of unemployment, and I don't think he's
right when he talked in his fiscal risk report this
week that more jobs will lead to more mortgage defaults
(03:41):
on housing. If we've learned one thing out of this
whole mad COVID experiment, it's that New Zealand is in
our relationship with housing is something out of the box.
It's obsessive. If we don't believe it's a right to
own a house, it's certainly on the old to do list,
and we work awfully hard to make it happen. And
having made it happen, we ain't letting go easily, which
is why the mortgage cliff never happened. All the doom
and misery around all the houses that would be foreclosed
(04:03):
on never came to pass. So a few more job
losses isn't going to add to the calamity that never happened.
In the food An interesting question to ask, I think,
is whether Adrian's conservatism has and indeed continues to hold
this country back. He's got a just in case feel
about him. Don't you think the amount that banks have
to keep aside for things that so far haven't happened,
(04:23):
the jobs that might be lost, that, in fact, weren't
the money all the banks needed for free during COVID,
so they could spray it about the place to protect
a lot of stuff that, as it turned out, didn't
need protecting. This is not to say things haven't been
and aren't bad. They are. Adrians made a god of
full mess of it, all as bad as any and
worse than most. But this week I think we saw
a little bit of hope. The jobless rate is still
(04:44):
to rise, yes it is, but if the forecasts were
wrong now, my bet is those who think it will
go to six percent will be wrong next year. The
mood has or is changing. People don't want to be
any more down than they need to be, and the tide,
my gut tells me, is now turning. Even Adrian saw
better times ahead for farming in his report this week.
I see it not only for farming. I see it
indeed for most of the rest of us.
Speaker 2 (05:05):
Feel I've been saying all along that will get better.
Like things, we're never going to stay bad where they don't.
It's just not what happens. Things eventually get better, and
then they'll get bad again for some other reason, and
then they'll get good again. That's how things are, Isn't it?
Have I oversimplified it? Should? I add some clauses and
(05:26):
subclauses rewrapped? All right? So now that Trump is the
big kahuna, the big chief in charge of everything, well,
he will become generary. Does that mean he just lets
himself off all the things that he's in trouble for?
Speaker 3 (05:43):
In really broad terms, Trump's legal problems are going to
go away, So let's work your way through him. He's
got civil fines and civil cases, about half a billion
dollars worth of civil finds. He can't escape those. You
may well appeal women, it may well get tied up
and court for years, but he can't get rid of
them or not pay them just because he's become president.
The New York case, the hush money case, this is
one mench He's due to sentence this month. Sometime. He's
(06:05):
not going to get It's unlikely he's going to get prison.
So he's going to get fined, and that'll be another
fine that he's probably going to pay.
Speaker 1 (06:11):
Jan.
Speaker 3 (06:12):
Six. This is where it gets really interesting.
Speaker 2 (06:14):
Jan.
Speaker 3 (06:14):
Six was driven by Jack Smith. Jack Smith I think
is probably on trade me looking for work, and if
he's not, he should be. So that's essentially the discussions
have already started to make those cases go away. So
that's the Jan. Sixth case, the classified documents case that
was the business of all the paperwork at Mary Lago
that has been put on hold anyway in that kind
(06:37):
of this is going nowhere since and of course it's
all changed for now. So that's another thing that we'll
let to see the light of day. And then the
big one is the Georgia case. Georgia case is bogged
down mainly because of Willis, the ag who was Fanny Willis,
who was District Attorney rather DA not ag DA, because
(06:58):
she was involved with in a relationship with one of
the blokes running the case and that was all highly
dodgy and they were sort of working. That'll go away
as well. So essentially, if it's civil and he's been
found guilty, he'll need to pat the fines in some way,
shape or form. The big stuff forget it.
Speaker 2 (07:12):
It's a great system, as it's a great way to
run a country that you can be guilty over crime
unless you've then become president of that country and then
you won't be guilty anymore. I'm definitely sure that's how
justice should work. Still rewrapping right, let's mark the week.
Hopefully it'll be a little bit less cynical than i am.
Speaker 3 (07:32):
Time down to mark the week, little piece of using
current events that so quite often produces more tears than
an NCEEA exam. Germany two governments collapsed to Ireland six
they've called the vote. The Americans eight spoke with a
rare clarity around a singular idea called trump Ism. Georgia
six democracy one in a place it doesn't always trump
(07:52):
nine We also have.
Speaker 1 (07:55):
Won the popular vote hours great.
Speaker 3 (07:58):
As profound a redemption and comeback story as you will
ever see the All Blacks eight awesome start of the
Northern Tour proper, No, we don't count Japan next op Ireland,
which is not the same as England. Gimme bed knocks?
Speaker 2 (08:10):
Seven?
Speaker 3 (08:10):
Did be Foreign Secretary take that opportunity to apologize for
making derogatory and scatological references first out this week in
pm QS. She looks quite the package. Boris Johnson seven
sewed enjoyable and on his way here. Politics aside, the
world needs more irrepressible and brilliant people like him. Mike
Groomshaw seven, Hero of the week, spoke honestly and given
(08:31):
the times bravely when he talked of universities needing to
be more elite. Auckland FC eight a sensational story barely formed.
Haven't lost, can't score against them. The Ird two got
the apology at last, but honestly, how they could even
(08:51):
begin to justify taking private information and flicking it off
to Facebook is beyond me. Infrastructure six good week. Two
tunnels for Wellington progress and Auckland for a second harbour crossing.
But talking ain't building cars. Six because October's sales were
some of the best this year, unless, of course, you
sell the evs a job. Six because it wasn't as
bad as they thought. I reckon the who landscape's changing. No,
(09:13):
we're not rock star, but it's not as dreary as
some might have thought. Speaking of which houses seven, well
blow me down. New stats this week. First home buyers
are paying lesson getting more, not the miserable old, I'm
locked out story so many you want to make it
out to be. And that's the week copies on the
website and six of these, tied together, twisted around, colored
and dipped in glitter make an awesome Christmas.
Speaker 2 (09:34):
Becky, speaking of Christmas decorations, if you are in the
process of putting some of those up, can I really
recommend some smart Christmas lights? Because I put those up
and they're not Christmas lights at the moment. I've got
them just colored in a sort of reasonably normal color.
But then once I am actually feeling Christmas e which
(09:57):
I'm certainly not this week, I'll just be able to say,
change the theme to Christmas and I would be all
red and green and whatever other colors are Christmas three wrap.
I'm feeling guilty. I'm feeling like we need to buy
everybody all birds for Christmas this year.
Speaker 3 (10:13):
I feel I don't. I'm sort of betwixt in between.
Because you know, if you've been a long term listened
to this program, I called it all Birds early. No
one called her but all Birds earlier than I did.
I said, there is no future, and those sort of shoes,
those sort of shoes are never ever, ever going to
take off, and so it has proved to be, and
yesterday sales down another twenty five percent. But the sadness says,
(10:34):
of course it's Tim Brown and you want to support
a new Zealander and the dream and the idea and
all of that sort of stuff. But it's just I
just know every time they report it gets worse. And
the world was never going to take on Marino based shoes.
Speaker 2 (10:51):
I feel like it was your negativity that perhaps has
led to its down. Mark. Well, I mean, you just
get every opportunity. You just described them as being rude shoes.
Speaker 3 (10:59):
I just time I want to I personally blame Jack
Tame because he counted he juxtaposed me by going, no,
they're cool shoes, and he started wearing them.
Speaker 2 (11:07):
Well, who ever we were in doubt on who here's
the most influence over you know, the consumers of the world.
Speaker 3 (11:13):
Well, precisely, I mean twenty five percent. I wish them well,
I want it to work for them and Tim and co.
Speaker 2 (11:20):
But can you just tell me what that crypto is
that you're recommending on Focus. Yeah, I really think Marke
the responsibility as with him, I've been a fan of
all birds. I'd be quite happy to wear all birds
and saying that I've been importantly all birds, but yeah,
I don't not like them anyway. That's the Hosk effect
(11:41):
for you, Isn't it moves markets? I am Glen Hart.
That was the rerap and will be back here with
more market moving comments like that on Mondays.
Speaker 1 (11:50):
Then for more from News Talks d B, listen live
on air or online, and keep our shows with you
wherever you go with our podcasts on iHeartRadio
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