August 5, 2025 • 11 mins
THE BEST BITS IN A SILLIER PACKAGE (from Wednesday's Mike Hosking Breakfast) Might Not be a Job-Led Recovery/Coal-a-Rama/Nobody's Watching. Move On/Walking From Home/The Results Are In
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:09):
You're listening to a podcast from News Talk SEDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
Rewrapkday There, Welcome to the rewrap Poor Wednesday. All the best,
but it's from the mic hosting breakfast on Newsbalks EDB.
In a sillier package, I am Glen Hatten today, Drill Badge,
Drill and what's happening with free? Do we a TV?
And spoilers? Nothing? Walking from home rather than working from home?
(00:45):
And we've got a production for Nick Fear's election. Mark's
already locked it in. But before any of that, So
jobs numbers, are we seeing green shoots? Green shoots?
Speaker 1 (00:58):
Anyone? Hello?
Speaker 2 (00:59):
Green shoots?
Speaker 3 (01:00):
So the big deal about today in jobs is not
the five points something, it's the vibe. I mean, five
point one, five point two, five point three means nothing
to most of us. The is it up is what counts,
along with the is it up more than we thought
or not as much as we thought. You see, when
the job numbers came out Saturday in America, it had
the not as good as we thought vibe, and that
led to a woman getting sacked because the president desperately
(01:21):
needed something to deflect from the fact he's tanking the economy. Here,
nothing as dramatic will happen. Of course, most of the
market watches seem to agree it'll be up a bit,
possibly to five point three from five point one. Of
equal import is the participation rate. What percentage of us
are employed? Are the utilization rates? Also important, that's the
number of people who have work but wouldn't mind a
bit more of it. For the government, and this is
(01:41):
the really important bit, but it won't be answered today.
Is the is that it is today the worst of it?
Excepting that jobs are the last part of the economy
to come right and to turn around or a rebooterer resurgence,
or whatever it is we're supposed to be experiencing. Then
the big fingers crossed part for the government is will
we look back on the June quarter of twenty five
and say five point three was the bleakest it got, which,
(02:04):
by the way, glass half full at one point a
while back most people had a peak of five point
five and summers high as six. So if today is
five point three in a peak, wasn't the end of
the world, was it? But tell that to a person
who lost their job. Of course, also Remember today is
darted from April May in June. We're in Q three
now July, August, September. Are we seeing see right here?
Right now? Are we seeing anything on the improved job wise?
(02:26):
I mean our adds up or applications per job done.
Then we come to wages. Wages will be produced today.
Wages a tip to be a bit over two percent.
Inflation is well over two percent, so that's called going backwards,
and I'm not sure that's peaked either. Yes, we have
signs of economic light, but boy do you need a
strong torch to see it. So let's hope today helps.
Speaker 2 (02:46):
Yeah, there's two things that you just here. Anybody, whenever
we interview them with anything to do with the economy,
they talk about green shoots and global headwinds. And I
don't know if global headwinds is the right environment for
trying to grow green sheets into bigger plants. I feel
like they're all right. If we get a global frost
(03:06):
or a global hailstorm him to the bed, then we
might really be in trouble.
Speaker 1 (03:10):
The rewrap.
Speaker 2 (03:12):
It doesn't matter what the conditions are. If you're down
to mind though, you just keep digging, don't you.
Speaker 3 (03:16):
On colon gassing. We've been onto it. We've moved to twelfth.
Spot Investments Attractiveness INDEXES is the Fraser Institute's annual survey.
This is global of mining companies. We were seventy two
back in twenty twenty one Finland's top The respondents express
decreased concerns regarding uncertainty about which areas would be protected,
enforcement of regulations and environmental regulations Stana Minerals, for example,
(03:40):
they've got the Bend to Go Over project at the
moment in Central Otigo. I feel reassured that we've moved
the pendulum back to a more sensible and rational space.
So we've gone from seventy two to twelfth, and that's
not before time.
Speaker 2 (03:54):
Were we sure we really be celebrating the fact that
we're now the twelfth best place in the world to
accelerate the end of it? You thank you. Apparently this
is the age we again, a golden age, right, I guess.
I guess Mike's finding it hard to let go of
(04:15):
free to air TV. I guess because he was so
successful that is. I wonder if you'll mentioned any of
that here.
Speaker 1 (04:22):
Now.
Speaker 3 (04:22):
The stark reality of New Zealand linear television. If Irene Gardener,
who was on the program at this time yesterday, was right,
it's fairly simple. So here's how the calculation works. You
make a product, right, you stick it on air, You
get an audience. You sell advertising based on that audience. Now,
some programs can never hope to get the sort of
audience to pay for the cost of the show inter
government support or brand sponsorship, in other words, of financial
(04:44):
support mechanism to make a show that would not otherwise
have been made. Now, I made a show Sunday years back.
It was on TV three on the weekend off peak.
Didn't rate very well, but it was never going to
But it rated fairly well for what it was, which
was a niche program talking about the arts. It was
made with New Zealand on air money. Now does Treasure
Island attract more viewers than that? Yes it does. So
(05:05):
if you're going to toss money it's something, why not
toss it at that more bang for buck? But the
money tree hasn't got more money, so somebody loses. Maybe
it's an arts program. Now, the really scary thing is
the calculation around peak time primetime. This is what I
learned yesterday. See this show that Mike asking breakfast makes money,
lots of money, quite a lot of money. Actually, ZB
is profitable. TV and Z and TV three are not.
(05:26):
So what about pay for you Sky TV? That's profitable,
but they've got the sport. What does TV three or
TV and Z have that you would pay for? I mean,
would you pay to watch Treasure? And of course you wouldn't.
So primetime linear television is not profitable, apparently because advertising
dollars have vanished. A Google TikTok and meta Now that's
not going to change. Game's over And that is the
problem because all that is left, if you think about it,
(05:48):
is the taxpayer. The big question is to what extent
should the taxpayer fund your evening's entertainment? And when I
say you, I mean those who are left watching the
tally as opposed to YouTube or Netflix. If linear television
can't make a buck at seven thirty on a Wednesday night,
how long before the lights get switched off?
Speaker 2 (06:05):
This is this is all very confusing to me, isn't it?
Because I like the arts. I think he mentioned the
arts there. I don't know if I'd watched a TV
show about it, though. If we can just have the
arts on TV, you know, have some live shows and
plays a bit of the symphony. Wouldn't be against that.
(06:28):
I certainly would be far more inclined to watch that
than half dressed celebrities bitching about each other behind each
other's backs, or learning how to and then failing at
dancing and stuff like that. And you know my views
on cooking shows don't show me delicious food without letting
(06:52):
me actually eat it, rewrapped and further trends of the
modern age working from home, weight loss drugs. And then
there's Erin or somebody who might be called.
Speaker 3 (07:07):
Erin mentioning earlier, and I come back to it, these
GLP drugs would go being Manjara and all that sort
of stuff. Anyway, they've fund them through script in the NHS,
and they come up with the survey saying that when
people go off them they put most of the weight
back on, which is hardly surprising. But anyway, having said that,
my wife meets a radiologist yesterday who I was taken
(07:30):
by because she's and she'll be walking right now. She
walks every morning, speaking of fitness, because these GLP things
are just the problem with GLP drugs is that they're
an answer. They're a fantas seemingly a fantastic answer to
people who've got weight problems also diabetes, of course, because
it was made for diabetes in the first place, not weight. Anyway,
they're a fantastic answer. But of course the answer has
been with us all along, which is to exercise. And
(07:51):
if you want to exercise and eat well, then you're
probably going to have some decent health. I hate that
answer exactly, and then that is the problem. So Erin
and we think her names Erin, because of course she
comes home and she tells me she goes, Oh, the
wonderful woman. She's absolutely fantastic. So she walks fifteen minutes
to work every day listening to the program, and she
walks fifty minutes home at the end of the day
listening to Heather. And she says she loves it because
(08:14):
she feels fully informed for the day. Plus she loves gardens,
and so she goes past different routes and looks at
all the favorite gardens in the neighborhood on the way
to work, and she also feels so she's informed, she's fit,
and she's seen a lot of gardens. And I thought
to myself, that is a fan, What a fantastic individual,
what an uplifting story. And I said to Katie, I said,
what's her name? And of course Katie, because she's like
(08:36):
shallow as a puddler goes. I don't know. I think
it could be Erin. Did she introduce Erin? So if
it is Eron, Aaron will know who I'm talking about.
But if it's not Aaron, You're going to yourself and
all my name Sharon. Then I apologize for my wife
who wasn't paying attention. But walking to work fifty minutes
a day, walking home fifty minutes a day doesn't like
walking in the rain, but then who does? But she
still does.
Speaker 2 (08:54):
That did not go in the direction I thought I
was going to go, mostly because quite early in the
piece you mentioned that she was a radiologist.
Speaker 3 (09:01):
Yeah, radiologist, a few medical stories to tell maybe on
Friday actually.
Speaker 2 (09:06):
And well no, but I just thought that from a
radiologist point of view, that she might have some insight
into the side effects of a zempac or walking.
Speaker 3 (09:15):
No, no, we didn't talk about a zema because that
was a separate thing and I wasn't there. So Katie,
I mean I would have peppert her with that sort
of stuff like what's your name? Yeah, I were first
thing is going. I would have said, now, oh, Eron,
lovely to meet you. You sound like an interesting person.
Let's do a little Q and A.
Speaker 2 (09:30):
Is were Gov rotting us from the inside exactly?
Speaker 3 (09:32):
Katie is not like that?
Speaker 2 (09:33):
And what's your name? Yes, Eron's not working from how
she's walking from home. The other WFH, which is obviously
followed up with the wfw', is not quite as amusing.
Speaker 1 (09:50):
But anyway, it's a rerap.
Speaker 2 (09:52):
We're going to finish up here by telling you the
results of next year's election, but that's indeed for you
to know. I suppose ahead of time.
Speaker 3 (10:01):
Mike, the popularity of Luxeon concerns me and the rising costs,
So I feel the coalition will be voted out on
this basis and will be right, and that you know what, again,
I'll call the election right now. They will get a
second term of that. I'm absolutely convinced. Short of the
usual caveats, like you know, if somebody turns out to
be you know, a deviant and the scandal and the
(10:22):
one party collapses or they all start and play against
beating each other up, I can't reveal it at this
particular point in time. But all things being equal, the
economy will be not great, but it'll be. It'll be enough.
History tells us governments get two terms. These three parties,
broadly speaking, got on reasonably well together. And the key
(10:43):
to this is this, As long as Hipkins, Woods, et cetera,
Sepaloney are still there, the distance between what they did
to this country and the fact they'll do it again
is still not large enough for enough people to have forgotten.
And on that basis alone, the government will be re elected,
remember when you heard it first.
Speaker 2 (11:04):
And on that basis alone, I think I can opt
out of being here on election night. We were wating
have to do an election night show. We already know
who's going to win, and I wouldn't even bother the
voting as both as you I've Glen Hart, I'm going
to take most of next year off. By the sounds
of things that it's going to be great. I'll see
you back here again tomorrow, because it's not nixt year.
Speaker 1 (11:33):
For more from News Talk sed 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 SEDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
Rewrapkday There, Welcome to the rewrap Poor Wednesday. All the best,
but it's from the mic hosting breakfast on Newsbalks EDB.
In a sillier package, I am Glen Hatten today, Drill Badge,
Drill and what's happening with free? Do we a TV?
And spoilers? Nothing? Walking from home rather than working from home?
(00:45):
And we've got a production for Nick Fear's election. Mark's
already locked it in. But before any of that, So
jobs numbers, are we seeing green shoots? Green shoots?
Speaker 1 (00:58):
Anyone? Hello?
Speaker 2 (00:59):
Green shoots?
Speaker 3 (01:00):
So the big deal about today in jobs is not
the five points something, it's the vibe. I mean, five
point one, five point two, five point three means nothing
to most of us. The is it up is what counts,
along with the is it up more than we thought
or not as much as we thought. You see, when
the job numbers came out Saturday in America, it had
the not as good as we thought vibe, and that
led to a woman getting sacked because the president desperately
(01:21):
needed something to deflect from the fact he's tanking the economy. Here,
nothing as dramatic will happen. Of course, most of the
market watches seem to agree it'll be up a bit,
possibly to five point three from five point one. Of
equal import is the participation rate. What percentage of us
are employed? Are the utilization rates? Also important, that's the
number of people who have work but wouldn't mind a
bit more of it. For the government, and this is
(01:41):
the really important bit, but it won't be answered today.
Is the is that it is today the worst of it?
Excepting that jobs are the last part of the economy
to come right and to turn around or a rebooterer resurgence,
or whatever it is we're supposed to be experiencing. Then
the big fingers crossed part for the government is will
we look back on the June quarter of twenty five
and say five point three was the bleakest it got, which,
(02:04):
by the way, glass half full at one point a
while back most people had a peak of five point
five and summers high as six. So if today is
five point three in a peak, wasn't the end of
the world, was it? But tell that to a person
who lost their job. Of course, also Remember today is
darted from April May in June. We're in Q three
now July, August, September. Are we seeing see right here?
Right now? Are we seeing anything on the improved job wise?
(02:26):
I mean our adds up or applications per job done.
Then we come to wages. Wages will be produced today.
Wages a tip to be a bit over two percent.
Inflation is well over two percent, so that's called going backwards,
and I'm not sure that's peaked either. Yes, we have
signs of economic light, but boy do you need a
strong torch to see it. So let's hope today helps.
Speaker 2 (02:46):
Yeah, there's two things that you just here. Anybody, whenever
we interview them with anything to do with the economy,
they talk about green shoots and global headwinds. And I
don't know if global headwinds is the right environment for
trying to grow green sheets into bigger plants. I feel
like they're all right. If we get a global frost
(03:06):
or a global hailstorm him to the bed, then we
might really be in trouble.
Speaker 1 (03:10):
The rewrap.
Speaker 2 (03:12):
It doesn't matter what the conditions are. If you're down
to mind though, you just keep digging, don't you.
Speaker 3 (03:16):
On colon gassing. We've been onto it. We've moved to twelfth.
Spot Investments Attractiveness INDEXES is the Fraser Institute's annual survey.
This is global of mining companies. We were seventy two
back in twenty twenty one Finland's top The respondents express
decreased concerns regarding uncertainty about which areas would be protected,
enforcement of regulations and environmental regulations Stana Minerals, for example,
(03:40):
they've got the Bend to Go Over project at the
moment in Central Otigo. I feel reassured that we've moved
the pendulum back to a more sensible and rational space.
So we've gone from seventy two to twelfth, and that's
not before time.
Speaker 2 (03:54):
Were we sure we really be celebrating the fact that
we're now the twelfth best place in the world to
accelerate the end of it? You thank you. Apparently this
is the age we again, a golden age, right, I guess.
I guess Mike's finding it hard to let go of
(04:15):
free to air TV. I guess because he was so
successful that is. I wonder if you'll mentioned any of
that here.
Speaker 1 (04:22):
Now.
Speaker 3 (04:22):
The stark reality of New Zealand linear television. If Irene Gardener,
who was on the program at this time yesterday, was right,
it's fairly simple. So here's how the calculation works. You
make a product, right, you stick it on air, You
get an audience. You sell advertising based on that audience. Now,
some programs can never hope to get the sort of
audience to pay for the cost of the show inter
government support or brand sponsorship, in other words, of financial
(04:44):
support mechanism to make a show that would not otherwise
have been made. Now, I made a show Sunday years back.
It was on TV three on the weekend off peak.
Didn't rate very well, but it was never going to
But it rated fairly well for what it was, which
was a niche program talking about the arts. It was
made with New Zealand on air money. Now does Treasure
Island attract more viewers than that? Yes it does. So
(05:05):
if you're going to toss money it's something, why not
toss it at that more bang for buck? But the
money tree hasn't got more money, so somebody loses. Maybe
it's an arts program. Now, the really scary thing is
the calculation around peak time primetime. This is what I
learned yesterday. See this show that Mike asking breakfast makes money,
lots of money, quite a lot of money. Actually, ZB
is profitable. TV and Z and TV three are not.
(05:26):
So what about pay for you Sky TV? That's profitable,
but they've got the sport. What does TV three or
TV and Z have that you would pay for? I mean,
would you pay to watch Treasure? And of course you wouldn't.
So primetime linear television is not profitable, apparently because advertising
dollars have vanished. A Google TikTok and meta Now that's
not going to change. Game's over And that is the
problem because all that is left, if you think about it,
(05:48):
is the taxpayer. The big question is to what extent
should the taxpayer fund your evening's entertainment? And when I
say you, I mean those who are left watching the
tally as opposed to YouTube or Netflix. If linear television
can't make a buck at seven thirty on a Wednesday night,
how long before the lights get switched off?
Speaker 2 (06:05):
This is this is all very confusing to me, isn't it?
Because I like the arts. I think he mentioned the
arts there. I don't know if I'd watched a TV
show about it, though. If we can just have the
arts on TV, you know, have some live shows and
plays a bit of the symphony. Wouldn't be against that.
(06:28):
I certainly would be far more inclined to watch that
than half dressed celebrities bitching about each other behind each
other's backs, or learning how to and then failing at
dancing and stuff like that. And you know my views
on cooking shows don't show me delicious food without letting
(06:52):
me actually eat it, rewrapped and further trends of the
modern age working from home, weight loss drugs. And then
there's Erin or somebody who might be called.
Speaker 3 (07:07):
Erin mentioning earlier, and I come back to it, these
GLP drugs would go being Manjara and all that sort
of stuff. Anyway, they've fund them through script in the NHS,
and they come up with the survey saying that when
people go off them they put most of the weight
back on, which is hardly surprising. But anyway, having said that,
my wife meets a radiologist yesterday who I was taken
(07:30):
by because she's and she'll be walking right now. She
walks every morning, speaking of fitness, because these GLP things
are just the problem with GLP drugs is that they're
an answer. They're a fantas seemingly a fantastic answer to
people who've got weight problems also diabetes, of course, because
it was made for diabetes in the first place, not weight. Anyway,
they're a fantastic answer. But of course the answer has
been with us all along, which is to exercise. And
(07:51):
if you want to exercise and eat well, then you're
probably going to have some decent health. I hate that
answer exactly, and then that is the problem. So Erin
and we think her names Erin, because of course she
comes home and she tells me she goes, Oh, the
wonderful woman. She's absolutely fantastic. So she walks fifteen minutes
to work every day listening to the program, and she
walks fifty minutes home at the end of the day
listening to Heather. And she says she loves it because
(08:14):
she feels fully informed for the day. Plus she loves gardens,
and so she goes past different routes and looks at
all the favorite gardens in the neighborhood on the way
to work, and she also feels so she's informed, she's fit,
and she's seen a lot of gardens. And I thought
to myself, that is a fan, What a fantastic individual,
what an uplifting story. And I said to Katie, I said,
what's her name? And of course Katie, because she's like
(08:36):
shallow as a puddler goes. I don't know. I think
it could be Erin. Did she introduce Erin? So if
it is Eron, Aaron will know who I'm talking about.
But if it's not Aaron, You're going to yourself and
all my name Sharon. Then I apologize for my wife
who wasn't paying attention. But walking to work fifty minutes
a day, walking home fifty minutes a day doesn't like
walking in the rain, but then who does? But she
still does.
Speaker 2 (08:54):
That did not go in the direction I thought I
was going to go, mostly because quite early in the
piece you mentioned that she was a radiologist.
Speaker 3 (09:01):
Yeah, radiologist, a few medical stories to tell maybe on
Friday actually.
Speaker 2 (09:06):
And well no, but I just thought that from a
radiologist point of view, that she might have some insight
into the side effects of a zempac or walking.
Speaker 3 (09:15):
No, no, we didn't talk about a zema because that
was a separate thing and I wasn't there. So Katie,
I mean I would have peppert her with that sort
of stuff like what's your name? Yeah, I were first
thing is going. I would have said, now, oh, Eron,
lovely to meet you. You sound like an interesting person.
Let's do a little Q and A.
Speaker 2 (09:30):
Is were Gov rotting us from the inside exactly?
Speaker 3 (09:32):
Katie is not like that?
Speaker 2 (09:33):
And what's your name? Yes, Eron's not working from how
she's walking from home. The other WFH, which is obviously
followed up with the wfw', is not quite as amusing.
Speaker 1 (09:50):
But anyway, it's a rerap.
Speaker 2 (09:52):
We're going to finish up here by telling you the
results of next year's election, but that's indeed for you
to know. I suppose ahead of time.
Speaker 3 (10:01):
Mike, the popularity of Luxeon concerns me and the rising costs,
So I feel the coalition will be voted out on
this basis and will be right, and that you know what, again,
I'll call the election right now. They will get a
second term of that. I'm absolutely convinced. Short of the
usual caveats, like you know, if somebody turns out to
be you know, a deviant and the scandal and the
(10:22):
one party collapses or they all start and play against
beating each other up, I can't reveal it at this
particular point in time. But all things being equal, the
economy will be not great, but it'll be. It'll be enough.
History tells us governments get two terms. These three parties,
broadly speaking, got on reasonably well together. And the key
(10:43):
to this is this, As long as Hipkins, Woods, et cetera,
Sepaloney are still there, the distance between what they did
to this country and the fact they'll do it again
is still not large enough for enough people to have forgotten.
And on that basis alone, the government will be re elected,
remember when you heard it first.
Speaker 2 (11:04):
And on that basis alone, I think I can opt
out of being here on election night. We were wating
have to do an election night show. We already know
who's going to win, and I wouldn't even bother the
voting as both as you I've Glen Hart, I'm going
to take most of next year off. By the sounds
of things that it's going to be great. I'll see
you back here again tomorrow, because it's not nixt year.
Speaker 1 (11:33):
For more from News Talk sed B, listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.