June 15, 2025 • 10 mins
THE BEST BITS IN A SILLIER PACKAGE (from Monday's Mike Hosking Breakfast) Whaddaya Gonna Do?/Raining On Trump's Parade/All About the Solar/In the Market for a Plane?/Been Doing it a Long Time
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Episode Transcript
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Speaker 1 (00:09):
You're listening to a podcast from news Talk said be
follow this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
The Rewrap. Okay there and welcome to the Rewrap for Monday,
all the best bits from the Mic Hosking Breakfast on Newstalk.
Sa'd be in a sillier package. I am ben Hart today.
How Trump's parade went, somebody rained on it, solar energy,
Mike's into it. Would you buy a plane in this market?
(00:47):
And we'll take a look at a couple of long
supports careers, professional sports careers. But before any of that, manufacturing,
should we be worried?
Speaker 3 (00:57):
As much as we tried to celebrate last week's excellent
economic numbers, the food and the fire, of the blishness
of the field days and boost an elective surgery, the
boom and teacher numbers, and many of those will continue
to be a good news story. What you can't ignore is,
sadly are the manufacturing read for April. It had a
brick wall, it fell over six points. It is below
the fifty point expansion remarked now, now a couple of
(01:18):
key things about that. While services and sentiment and spending
figures have been bad, manufacturing four months now has been
on the increase each and every month. It has been
above fifty. It has been growing. It has been a
significant green shoot in the overall economic picture. Other thing
is employment. This is a subcategory that had its biggest
reversal in the history of the index. What makes us worse?
(01:42):
For those of you going, oh, that'll be Trump, the
experts don't think so. It's April, remember so Liberation Day
hadn't come to pass yet. So the big question is
how much of it is the world? Remember the world
and the World Bank last week reduced global growth all
over the place, versus how much of it is us?
Has New Zealand ink hit a tough spot for trainspotters.
It was suggested fairly far and White at the time
(02:04):
that April and may seem to be a little bit
of an issue, and all that momentum that we felt
we had at the start of the year had suddenly
run out of puff. Well, these numbers would tend to
suggest that vibe was real. Ironically, this week we get
the GDP figures four Q one, which is Jan Febron March,
and the broad consensus is that we will see good growth.
They think it's about zero point seven for the quarter.
If you add and you will annualize that out, gives
(02:25):
your number very close to three, which anyone would take
in this troubled and turbulent will. But we can't annualize
it out, not with manufacturing numbers like this. It might
be short term. It may involve the Reserve Bank, and
that idea that they had that the things were neutral
and therefore not needing a g up may well be
hopelessly wrong. Politically, of course, it's a hole in the
head the government don't need because it's not like they
(02:46):
aren't peddling fast. But when one of your major economic
reads that was good now isn't. Doesn't take an economics
degree to recognize a bid, big fat red flag tach guy.
Speaker 2 (02:59):
It's always ups and downs, is there? I mean, just
when you get used to a nice cheap petrol, for example,
and when I say cheap relatively cheap, then you know,
Ezrael and around pops off and we'll be back to
cycling to work.
Speaker 1 (03:16):
So rewrap.
Speaker 2 (03:17):
Actually, speaking of wars, isn't it great to know that
Trump's got so many cool toys and he put them
all on display for us on the weekend did you watch?
Don't feel bad? Nobody else did either.
Speaker 3 (03:27):
It was an odd looking thing, I thought, wasn't it.
I mean, it's not like we don't know. America has
a large military. America spends more on defense than anyone. Basically,
they spent about a trillion dollars a year. The Chinese
spent about a quarter of that. But there they were
on what looked like sparsely attended Washington streets, rolling down
the road, tanks and drones and guns and manpower. It
was a scene normally reserved for smaller powers who need
(03:48):
to look like the more important or serious than they are.
Behind the glass, the President and the misses looked on.
Earlier on the day, several fellow politicians had been shot,
some of them fatally. Across the country, counter protests against
the parade were going on, Some got out of hand
and people got injured. A couple of days earlier, Israel
had gone after Iran. I Ran had gone after Israel.
The US President did what he always does, which is
(04:09):
to say I warned them, but they didn't want to
do a deal, followed by we'll see what happens, then
some vague threat about it not ending well, as he
watched all his tanks and celebrated his seventy ninth birthday.
He's losing them at least, of course, he's losing Iran.
He's losing the Ukrainian War, at least one of which
he said he had sought out on day one. He
wanted an Iranian deal. He didn't get it. Here, along
(04:30):
with everyone else's losing patients with Israel. The world looks
a mess, and where once America at least looked like
they were actively engaged in trying to play some sort
of authoritative role, the bloker runs the place these days,
looks more like he enjoys parades and birthday celebrations and
golf days and generally paying lip service to big issues.
All this, of course, was going on after a week
where the Marines and the National Guard went to la
(04:52):
and looked as we were looked on as they tried
to work out what the hell they were doing there,
given it sure as anything, wasn't saving a burning city,
given it wasn't burning, despite the fact the birthday boy
said it was. Trump so far looks a complete chaotic mess.
His paperwork, though also released last week, shows he's making
good money on crypto and resort fees. Is missus had
some good income from a mean coin, so at least
(05:12):
they're fluid. Will it all come to an end of
sorts of next year's midterms? I wondered to myself over
the weekend, because surely this circus has to be wearing thin.
With enough Americans who can't believe what they're seeing.
Speaker 2 (05:23):
You'd think that, But didn't most of them vote for him,
knowing that they were voting for that and everything that
comes with it. But they were voting for the bits
that they liked and that, you know, to a reasonable amount.
He's tried it a liver. But don't I'm geting itt
(05:46):
me wrong. I'm not defending him, Oh God, no, but
yes it was. It was pleasing to see that, given
that he claimed that he'd basically been anointed by God
after the assassination attempt in the election, that obviously God
had a change of heart and hadn't come to the
parade party with the weather. Now you know what a
(06:09):
massive fan of alternative energy MIC is right, right.
Speaker 3 (06:14):
Government made I didn't. I don't know enough about the soul.
I need to bring myself up to speed. But this
plus six plus or mine is six percent versus plus
a minus ten percent solar powers what we're talking about.
Government made the announcement over the weekend. So if you've
got solar and this moves me personally closer to getting
sol or I'm sort of interested in this now, and
you export some of it to the grid, and you
(06:35):
were limited up until now the plus a mineus six percent.
They're going to change that to plus a mine is
ten percent. In other words, it's like a tap or
a hose. You can you can export more of it.
Therefore it makes it more affordable. Therefore it makes it
more appealing. Therefore, you know, the whole thing becomes a
tipping point.
Speaker 2 (06:48):
Oh cool, cool, cook cool. But is this not what
they were doing in Australia? And then it all went
tits up because too many people were pumping their solar
back into it and then they got fined or something.
Is what happened. We were really quite figured out what
going about. All I knew is that it ended up
costing people a lot of money and they had too
much power and they didn't know to do with it.
(07:09):
I think that's what happened. All I know is with
sola is that like the solar powered remote controls that
you've got to keep face down so they keep themselves
charged up. That seems to work well. But solar powered
garden lights. Every time I've ever bought any of those
and put those out there, they last about a week
and then they stop working. So find what I don't know?
(07:34):
I don't know where I stand on solo it these.
Speaker 1 (07:36):
Days, So rewrap.
Speaker 2 (07:38):
Now. Anybody who is flying commercially in the next little while,
I'm sure they've got just a little magging doubt in
the back of their minds, especially if they're flying on
a Dreamliner of any kind.
Speaker 3 (07:54):
And yet this aeroplanes seem to be going well. Boeing
they had this thing called a twenty year forecast. How
they work out what they're going to need in twenty years,
I've got no idea, but they do for commercial airlines.
This is the head of the Paris Show, which coming up.
Forty three thousand, six hundred is the number they've landed on.
Forty three thousand, six hundred new aeroplanes through to twenty
(08:15):
forty four. Airbus they've revised up their demand to forty
three thousand, four hundred and twenty. That'll be thirty three thousand,
three hundred single aisle aeroplanes. That's seven three sevens, seventy
eight hundred wide bodies, nine hundred and fifty five factory
built freighters, and fifteen hundred and forty five regional jets.
So it seems that despite everything that's going on in
the world, people love to fly, People love the holiday,
(08:37):
and for that you need a plane.
Speaker 2 (08:39):
Take a boat. Boats hardly ever crash in a fiery
ball of fuel. Have you ever three rat, We're going
to first up talking about long careers and professional support,
which is not something that happens every day. Well, it
(08:59):
literally can't happen every day because it's the nature of
it being a long career, you know what I mean. Anyway,
I'll start talking and Mike can start.
Speaker 3 (09:07):
Mike, this is Adam Scott's ninety sixth consecutive major. That's
twenty three years. That's not bad asn't this?
Speaker 2 (09:14):
Well?
Speaker 3 (09:14):
I liked the Stephen Adams story over the Weekend's one thing.
I mean, they all get signed for big bucks in
that particular part of the world, of course, but fifteen
years at that level and still to be really respected,
liked and being paid big money was fantastic. I had
the pleasure of watching him in person once back in
the early days when he was at Oklahoma and he
(09:35):
played the La Lakers. We're in Los Angeles, and it's
only when you look at a whole game in complete context.
In other words, you're looking down at the whole court
as opposed to what they're just showing you on television,
that you understand just how effective and clever he is
as a player.
Speaker 2 (09:49):
I've been doing this for twenty four years, working in
radio for like thirty What do you mean, it's not
the same thing. This is high performance. It doesn't get
any high A Listen this and I'll be back with
(10:14):
some more extreme podcast thing for you tomorrow. See you know,
I'm a professional.
Speaker 1 (10:20):
Ret for more from news Talks at 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 be
follow this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
The Rewrap. Okay there and welcome to the Rewrap for Monday,
all the best bits from the Mic Hosking Breakfast on Newstalk.
Sa'd be in a sillier package. I am ben Hart today.
How Trump's parade went, somebody rained on it, solar energy,
Mike's into it. Would you buy a plane in this market?
(00:47):
And we'll take a look at a couple of long
supports careers, professional sports careers. But before any of that, manufacturing,
should we be worried?
Speaker 3 (00:57):
As much as we tried to celebrate last week's excellent
economic numbers, the food and the fire, of the blishness
of the field days and boost an elective surgery, the
boom and teacher numbers, and many of those will continue
to be a good news story. What you can't ignore is,
sadly are the manufacturing read for April. It had a
brick wall, it fell over six points. It is below
the fifty point expansion remarked now, now a couple of
(01:18):
key things about that. While services and sentiment and spending
figures have been bad, manufacturing four months now has been
on the increase each and every month. It has been
above fifty. It has been growing. It has been a
significant green shoot in the overall economic picture. Other thing
is employment. This is a subcategory that had its biggest
reversal in the history of the index. What makes us worse?
(01:42):
For those of you going, oh, that'll be Trump, the
experts don't think so. It's April, remember so Liberation Day
hadn't come to pass yet. So the big question is
how much of it is the world? Remember the world
and the World Bank last week reduced global growth all
over the place, versus how much of it is us?
Has New Zealand ink hit a tough spot for trainspotters.
It was suggested fairly far and White at the time
(02:04):
that April and may seem to be a little bit
of an issue, and all that momentum that we felt
we had at the start of the year had suddenly
run out of puff. Well, these numbers would tend to
suggest that vibe was real. Ironically, this week we get
the GDP figures four Q one, which is Jan Febron March,
and the broad consensus is that we will see good growth.
They think it's about zero point seven for the quarter.
If you add and you will annualize that out, gives
(02:25):
your number very close to three, which anyone would take
in this troubled and turbulent will. But we can't annualize
it out, not with manufacturing numbers like this. It might
be short term. It may involve the Reserve Bank, and
that idea that they had that the things were neutral
and therefore not needing a g up may well be
hopelessly wrong. Politically, of course, it's a hole in the
head the government don't need because it's not like they
(02:46):
aren't peddling fast. But when one of your major economic
reads that was good now isn't. Doesn't take an economics
degree to recognize a bid, big fat red flag tach guy.
Speaker 2 (02:59):
It's always ups and downs, is there? I mean, just
when you get used to a nice cheap petrol, for example,
and when I say cheap relatively cheap, then you know,
Ezrael and around pops off and we'll be back to
cycling to work.
Speaker 1 (03:16):
So rewrap.
Speaker 2 (03:17):
Actually, speaking of wars, isn't it great to know that
Trump's got so many cool toys and he put them
all on display for us on the weekend did you watch?
Don't feel bad? Nobody else did either.
Speaker 3 (03:27):
It was an odd looking thing, I thought, wasn't it.
I mean, it's not like we don't know. America has
a large military. America spends more on defense than anyone. Basically,
they spent about a trillion dollars a year. The Chinese
spent about a quarter of that. But there they were
on what looked like sparsely attended Washington streets, rolling down
the road, tanks and drones and guns and manpower. It
was a scene normally reserved for smaller powers who need
(03:48):
to look like the more important or serious than they are.
Behind the glass, the President and the misses looked on.
Earlier on the day, several fellow politicians had been shot,
some of them fatally. Across the country, counter protests against
the parade were going on, Some got out of hand
and people got injured. A couple of days earlier, Israel
had gone after Iran. I Ran had gone after Israel.
The US President did what he always does, which is
(04:09):
to say I warned them, but they didn't want to
do a deal, followed by we'll see what happens, then
some vague threat about it not ending well, as he
watched all his tanks and celebrated his seventy ninth birthday.
He's losing them at least, of course, he's losing Iran.
He's losing the Ukrainian War, at least one of which
he said he had sought out on day one. He
wanted an Iranian deal. He didn't get it. Here, along
(04:30):
with everyone else's losing patients with Israel. The world looks
a mess, and where once America at least looked like
they were actively engaged in trying to play some sort
of authoritative role, the bloker runs the place these days,
looks more like he enjoys parades and birthday celebrations and
golf days and generally paying lip service to big issues.
All this, of course, was going on after a week
where the Marines and the National Guard went to la
(04:52):
and looked as we were looked on as they tried
to work out what the hell they were doing there,
given it sure as anything, wasn't saving a burning city,
given it wasn't burning, despite the fact the birthday boy
said it was. Trump so far looks a complete chaotic mess.
His paperwork, though also released last week, shows he's making
good money on crypto and resort fees. Is missus had
some good income from a mean coin, so at least
(05:12):
they're fluid. Will it all come to an end of
sorts of next year's midterms? I wondered to myself over
the weekend, because surely this circus has to be wearing thin.
With enough Americans who can't believe what they're seeing.
Speaker 2 (05:23):
You'd think that, But didn't most of them vote for him,
knowing that they were voting for that and everything that
comes with it. But they were voting for the bits
that they liked and that, you know, to a reasonable amount.
He's tried it a liver. But don't I'm geting itt
(05:46):
me wrong. I'm not defending him, Oh God, no, but
yes it was. It was pleasing to see that, given
that he claimed that he'd basically been anointed by God
after the assassination attempt in the election, that obviously God
had a change of heart and hadn't come to the
parade party with the weather. Now you know what a
(06:09):
massive fan of alternative energy MIC is right, right.
Speaker 3 (06:14):
Government made I didn't. I don't know enough about the soul.
I need to bring myself up to speed. But this
plus six plus or mine is six percent versus plus
a minus ten percent solar powers what we're talking about.
Government made the announcement over the weekend. So if you've
got solar and this moves me personally closer to getting
sol or I'm sort of interested in this now, and
you export some of it to the grid, and you
(06:35):
were limited up until now the plus a mineus six percent.
They're going to change that to plus a mine is
ten percent. In other words, it's like a tap or
a hose. You can you can export more of it.
Therefore it makes it more affordable. Therefore it makes it
more appealing. Therefore, you know, the whole thing becomes a
tipping point.
Speaker 2 (06:48):
Oh cool, cool, cook cool. But is this not what
they were doing in Australia? And then it all went
tits up because too many people were pumping their solar
back into it and then they got fined or something.
Is what happened. We were really quite figured out what
going about. All I knew is that it ended up
costing people a lot of money and they had too
much power and they didn't know to do with it.
(07:09):
I think that's what happened. All I know is with
sola is that like the solar powered remote controls that
you've got to keep face down so they keep themselves
charged up. That seems to work well. But solar powered
garden lights. Every time I've ever bought any of those
and put those out there, they last about a week
and then they stop working. So find what I don't know?
(07:34):
I don't know where I stand on solo it these.
Speaker 1 (07:36):
Days, So rewrap.
Speaker 2 (07:38):
Now. Anybody who is flying commercially in the next little while,
I'm sure they've got just a little magging doubt in
the back of their minds, especially if they're flying on
a Dreamliner of any kind.
Speaker 3 (07:54):
And yet this aeroplanes seem to be going well. Boeing
they had this thing called a twenty year forecast. How
they work out what they're going to need in twenty years,
I've got no idea, but they do for commercial airlines.
This is the head of the Paris Show, which coming up.
Forty three thousand, six hundred is the number they've landed on.
Forty three thousand, six hundred new aeroplanes through to twenty
(08:15):
forty four. Airbus they've revised up their demand to forty
three thousand, four hundred and twenty. That'll be thirty three thousand,
three hundred single aisle aeroplanes. That's seven three sevens, seventy
eight hundred wide bodies, nine hundred and fifty five factory
built freighters, and fifteen hundred and forty five regional jets.
So it seems that despite everything that's going on in
the world, people love to fly, People love the holiday,
(08:37):
and for that you need a plane.
Speaker 2 (08:39):
Take a boat. Boats hardly ever crash in a fiery
ball of fuel. Have you ever three rat, We're going
to first up talking about long careers and professional support,
which is not something that happens every day. Well, it
(08:59):
literally can't happen every day because it's the nature of
it being a long career, you know what I mean. Anyway,
I'll start talking and Mike can start.
Speaker 3 (09:07):
Mike, this is Adam Scott's ninety sixth consecutive major. That's
twenty three years. That's not bad asn't this?
Speaker 2 (09:14):
Well?
Speaker 3 (09:14):
I liked the Stephen Adams story over the Weekend's one thing.
I mean, they all get signed for big bucks in
that particular part of the world, of course, but fifteen
years at that level and still to be really respected,
liked and being paid big money was fantastic. I had
the pleasure of watching him in person once back in
the early days when he was at Oklahoma and he
(09:35):
played the La Lakers. We're in Los Angeles, and it's
only when you look at a whole game in complete context.
In other words, you're looking down at the whole court
as opposed to what they're just showing you on television,
that you understand just how effective and clever he is
as a player.
Speaker 2 (09:49):
I've been doing this for twenty four years, working in
radio for like thirty What do you mean, it's not
the same thing. This is high performance. It doesn't get
any high A Listen this and I'll be back with
(10:14):
some more extreme podcast thing for you tomorrow. See you know,
I'm a professional.
Speaker 1 (10:20):
Ret for more from news Talks at 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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