Full Show Podcast: 10 September 2024

Episode Transcript
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Speaker 1 (00:00):
The Breakfast Show You Can Trust, the Mic Hosking Breakfast
with Bailey's Real Estate, your local experts across residential, commercial
and rural news.

Speaker 2 (00:09):
Togs Head been on you. Welcome to Day, the mysterious
treaty bill that hasn't been seen and yet has been changed.
The school counseling program that appears to work, The workplace
that operates around your body clock. Christopher Luxen is in
Richard Quest for a whip around the world and try
and understand an increasingly complex place. Catherine Field from France,
of course, and Rod Liddle. They make up the team
as well.

Speaker 3 (00:29):
Husking.

Speaker 2 (00:29):
Welcome to Tuesday morning, seven past six. Now Chris Hipkins
wants a little bit of advice on his journey towards
twenty twenty six. Obviously I would drop the tax bit
because it's a pathway to nowhere. He might like to
look at what the Dems are doing in the States
in fact, and why they've closed the gap so dramatically.
Kamela Harris is running on hope and good vibes. Now
that's entirely superficial, of course, and doesn't stop a deficit,
but people love it. People to some degree vote on

(00:52):
a brighter tomorrow, a better future Tony Blair, if you
want to go back, his theme song was things can
only get better. It was a landslide for Chris is
that by twenty twenty six is entirely possible things will
have got better, a lot better. And him rolling along
telling anyone who will listen that we need to raise
your pockets more will not be welcomed nor heard. And
that's before you get to the superannuation debate, which is

(01:13):
partly tied up with tax of course, but in many
respects is a separate issue and nevertheless will get entangled
and what will very quickly become an Omnie Shamnel's omnie shambles,
where any nuance and subtlety will well and truly be lost.
I mean, yes, more people are getting older, obviously, but
whether you're entitled to something from the state in your
so called golden years must be separated out from how

(01:34):
it will be paid for. The great misunderstanding this thinking
is all based on has been Labour's downfall. Of course,
for years. Middle New Zealand are in fact aspirational, you
always have been. People like to do well for themselves,
people like the idea of working hard, of reaping those
rewards and sharing in the spoils. They like the idea
of being able to get ahead, to see tangible outworkings
for effort. They see people like Hipkins as sheltered wonks

(01:56):
who've never been in the real world, never held a
job in the private sector, far less ever taken a
road can start at a company. Leaders of great success
are those you can relate to, like David Longie or
Bob Hawk, those who've done well in life like John
Key or the once in a generation, orators and hype
merchants like Obama. Hipkins is a none of those, which
is actually the biggest red flag of all. But arriving
with no charisma and the bad policy is political death.

(02:19):
Who news of the world in ninety second Now the
very uplifting news this morning is that the Princess has
finished chemo.

Speaker 4 (02:27):
Doing what I can to stay cancer free is now
my focus. Although I have finished chemotherapy, my path to
healing and full recovery is long, and I must continue
to take each day as it comes.

Speaker 2 (02:41):
We also have the start of the third part of
the COVID inquiry. Those who have been admitted to the NHS.

Speaker 5 (02:46):
I am a different person and my body is different
from before. You see, I have permanent damage from COVID,
so it's like another kind of long COVID.

Speaker 2 (02:56):
And looking into the NHF itself, did.

Speaker 6 (02:59):
We protect the h did we save lives? And perhaps
as importantly, why did we need to protect the nhs
and at what cost?

Speaker 2 (03:10):
Also in play is the song going about around text
given the oldies are having their heating subsidies cat the
Union see easier ways to get money.

Speaker 7 (03:18):
The fair economy means that everybody's got to pay their
due through progressive taxation. That will mean wealth taxes. The
accumulated wealth of the super rich will have to be
taxed at the same rates that all of the rest
of us do on paye.

Speaker 2 (03:31):
And the in state tide. As we count down to
tomorrow's face off at the National Constitution Center in Philadelphia,
the Hero's campaign, they're rolling out the heads. Here's his
vice president.

Speaker 8 (03:39):
Anyone who puts himself over the constitution should never be
president of the United States.

Speaker 9 (03:43):
It should come as no surprise that I will not
be endorsing Donald Trump this year.

Speaker 2 (03:47):
His Defense secretary.

Speaker 10 (03:49):
Do you think Trump can be trusted with the nation's secrets? Ever?

Speaker 3 (03:51):
Again?

Speaker 2 (03:52):
No, Trump campaign have their own heads.

Speaker 11 (03:54):
It is our undocumented immigrants that are the least.

Speaker 2 (03:58):
Likely to commit. Finally, breakthrough and transplant technology. Aaron James
lost his left eye when an electrical cable touched it
three years ago, so he elected to try a full
eye transplant, which had been successful but showed in animals
that the eye shrinks significantly within months of the surgery.
How in Aaron's case this has not happened, So doctor

(04:19):
say the outcome will help change ice surgery forever. Excuse
the world in nineteen seconds. If you're a fan and
follower of the royal family, as you well know I am,
I would encourage you to watch the video that's been
produced by the Household overnight. It runs the risk of
possibly being overproduced. It's three minutes long, and the good

(04:39):
news is she now They don't say cancer free, they
say they can't say cancer free, but she's finished her chemo.
She's in a field in Norfolk with her family heading
a ball, playing a little cricket, playing a lot of cards,
a lot of cards being played in this particular video,
but she hopefully will be carrying out a few engagements
before the end of the year. It could include remembrance
and mens in November, and you'll Christmas Carol concert as well.

(05:01):
But the good news is she appears to be back
and it's very uplifting. Twelve past six.

Speaker 1 (05:07):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (05:13):
Evy My Middle New Zealanders. Who and what labor used
to stand for? Not anymore. You're right, it's a different
version of labor these days. And by the way, speaking
of labor, the woolworst workers are out today. They want
more money. Obviously, I'll come back to that in the moment,
because the report that came out the other day show
they've already got more money, and it shows you and
insight as to how it never ends anyway. They must
have been looking at Boeing because I know the Bowing
overnight's off of their work is twenty five percent, just

(05:36):
the twenty five percent increase, so they don't go on strike.
Fifteen past six and no, Fortunately, Bowen's doing unbelievably well
at the moment, making really good planes and selling heaps
of them. From JMI Wealth Andrew Keller Her Good Morning, Morty,
Mike Tower, the Strategic Review, It's back. What do we
know it's back just quickly for a starter.

Speaker 10 (05:55):
I do note the US markets are bouncing back after
it's a pretty rocky starts to last week.

Speaker 2 (06:00):
We'll come back and update those numbers year.

Speaker 10 (06:01):
Tower insurance companies haven't been far from the headlines, have
they in the last eighty months or so? And there's
nothing like a few major events and national desert or
natural disasters to sort.

Speaker 2 (06:11):
Of shine the light on the insurance sector.

Speaker 12 (06:12):
Yeah.

Speaker 10 (06:13):
Tower, it's listed on the internets and the ASEX and
sort of navigated that period over the last eighty months
pretty successfully. Really, if you look at the share price performance,
which after languishing through twenty twenty three, has been on
absolute tear over twenty twenty four. Now, shareholders who held
Tower shares at the beginning of the year beginning of
this year have enjoyed a return close to one hundred percent,

(06:36):
which is a pretty stellar return, So happy shareholders there. Yesterday,
Tower announced the conclusion of a strategic review that started
back in December twenty three, so it's been going on
for a while. The purpose that review was to look
to maximize value for shareholders and optimize its capital structure.
In the end, they've come to the conclusion that returning
capital to shareholders by way of share buyback is the

(06:58):
preferred option. They did assess other current opportunities. They've sold
their subsidiaries in the Pacific. They've been trying to simplify
the business. So what you're going to get now is
forty five million dollars of capital will be returned to
shareholders by way of a mandatory share buyback. So it's
just going to happen with you, whether you like it
as a sharehold or not. It's not happening immediately. There
are a few conditions that have to be satisfied to

(07:20):
confirm the process. They need to get an IRD ruling,
they need to get sharehold approving. That won't happen until
early twenty twenty five. They've also reaffirmed their guidance for
the twenty twenty five financi share that will be bolstered,
and this is one of the reasons why the share
price has done well. That will be bolstered by forty
five million dollars less tax if no major events occur,

(07:42):
because that's what they put aside to cover major events.

Speaker 2 (07:44):
So that's one of the good news stories there.

Speaker 10 (07:47):
The share price up four cents yesterday to a dollar
eighteen right, sin Lay, what's the story there, Yeah, well
this is at the other end of the scale is
and it's another strategic review and another company that's never
been far from the headlines. They've completed aget review of
their North Island assets. In contrast to Tower, where you've
got the share price up one hundred percent. Unfortunately, Sinlow

(08:08):
shareholders have been seen their investments sort of more than
halved in value so far this year. Now it has
been negotiating its way Sindilary have been negotiated its way
through a series of challenges, production problems at Pocono, They've
had debt deadlines, They've had tricky relationships with shareholders. Things
are looking up though the share price bottomed down in June.

(08:30):
They've managed to sort of shore up the balance sheet now,
so the share price recovered from ye've got the lower
I think twenty two and a half cents, it's now
forty one cents. So they completed this review of the
North Island assets, key here being the big manufacturing facility
and Pocono out there amongst all the new subdivisions on
the southern fringe of Auckland City, and the Auckland Canning
facility and the Pocono facility will now not process raw milk,

(08:55):
so no milk going to that processing capacity. Transportation to
the facility is quoted as one of the issues, as
well as a number of manufacturing costs, so it concentrate
solely on producing advanced nutrition products that don't require raw milk. Now,
obviously they've got a whole lot of suppliers out there.
They will meet all of their contractful obligations to or

(09:17):
their farmer suppliers, but that milk will now be collected
by Open Country, and quite a few of their suppliers
have been have notified them that they're going to stop
supplying them. Look, the share price unchanged on the day.
Market probably expected something like this. Look, I think the
sin Lay story is. Look, it's not over yet, but
they have negotiated time to work through sort of issues

(09:39):
and start what I would call their journey back to profitability.
But look, I suspect we will hear more.

Speaker 2 (09:45):
We wish them. Well, what are the numbers?

Speaker 10 (09:47):
Yes, so look at the moment, those Apple wants out
there will be glued to the Apple. The Apple launch,
which no doubt Glen.

Speaker 2 (09:56):
Is clock this morning bracing himself is fizzing up the bank,
just muttering.

Speaker 10 (10:05):
I don't even know what number they're up to, but
I can tell you that the down Jones is up
four hundred and sixty four points though so somebody likes
that's one point one five percent, so forty eight hundred
and thirteen. The S and P five hundreds up fifty
two almost one percent five for six o and the
Nasdaq is up one hundred and thirty one points sixteen thousand,
eight hundred and twenty one, so bouncing back. The fort

(10:27):
to one hundred overnight was up over one percent eight
to seven oh. On that, the NIKA fell just under
half a percent thirty six thousand, two hundred and twelve.
The Shanghai comps it was also down twenty nine points
two seven three six. The Aussies yesterday lost twenty five
points point three percent seven thousand, nine hundred and eighty
eight the close. Then we gained six points in the
n six fifty twelve thousand, six hundred and twenty one.

(10:49):
The New Zealand dollar points sixty one five two against
the US point nineteen three, our OSSI point five five
six nine against the euro point four to seven exactly
against the pound eighty seven point eight five Japanese end
goal trading bang on two and a half thousand US
dollars and Brent Crud is at seventy one dollars and
seventy three cents. But Mike, at the current New Zealand
dollar rate, we are looking at gold. Sorry, we're looking

(11:10):
at Brent crud being probably the lowest it's been in
New Zealand dollars and since the beginning of twenty twenty two.

Speaker 2 (11:15):
Fell up today and enjoy go well. Andrew kelliher Jomiwealth
dot Co dot m Zskeegle Juice, Beetlejuice. Big opening weekend
domestically in America, the follow up of the eighty eight
classic one hundred and ten million. Is that good? Yes,
It's second highest ever for a movie opening in September.
The helst was it back in twenty seventeen collected one
hundred and twenty three A rare sequel. All the reviews

(11:36):
seem to be fantastic. It's a rare sequel, the latest
one that felt like a continuation, not a remake of
the original, while still giving audiences what they wanted. So
they're cashing in big time six twenty one hearing News talk.

Speaker 12 (11:47):
S eDV.

Speaker 1 (11:51):
COO The Mike Asking Breakfast Full Show podcast on iHeartRadio
powered by News.

Speaker 2 (11:57):
Talks at b HI. Mike Wow. Amazing the royals here
so carefully scripted and produced, a bit over the top. However,
to me it shows a very loving family doing and
enjoying everyday things actually rather special. I agree. I think
it's heavily produced and there's plenty of money being involved.
But nevertheless, you know, if you want it, if you
want to do something, to do it properly. By the way,
there's a pole out, and what I mean, what's the

(12:17):
worst that can happen? You watch it today you feel
a bit uplifted. I mean, for goodness sake, there's a
poll out. So you saw all the demonstrations. This is
another good insight into the way the world works at
the moment. So if you follow news in France, what
you got over the weekend was plenty of coverage of
all the protesters. Yet again, another weekend of France busy
protesting out on the street, lambasting the appointment of Michael Barnier.
Then you get the pole. What's the pole say? It's

(12:38):
an iefop Pole. What's the poll say? Fifty two percent
of people perfectly satisfied with this appointment. Fifty three percent
approve the nomination of Gabriel at Teal. He was the
bloke who was in front of Barnier. So by and
large people are happy. So you got one hundred thousand
left wingers on the streets that gets all the news,
barely get coverage of the Poles, the oldest prime minister
in history. By the way, I didn't realize that. They
think he's competent sixty two percent, they think he's open

(13:01):
to dialogue sixty one percent, and they think he's likable
sixty percent. So all at all, nothing to protest about.
Catherine Field's with us from France. By the way, in
about fifteen minutes six twenty.

Speaker 13 (13:11):
Five trending now between Jim Square House, the home of
Big Brand fightamens now.

Speaker 2 (13:17):
Saturday Night Live is an American institution on the Telly.
You can see it here if you scroll through enough
odd Sky channels. But it's success in America has led
us these things do to a movie they've called the
movie about the TV show Saturday Night It's the story
of how the show came to be and the lead
up to the first broadcast in October of nineteen seventy five.

Speaker 14 (13:36):
My name is Laurden Michaels.

Speaker 15 (13:37):
I'm the prouser and creator of Saturday Night. We're excited
because there's never been a television show like this.

Speaker 1 (13:45):
Okay, well, what kind of show is it?

Speaker 12 (13:47):
Larreant?

Speaker 1 (13:47):
Do you even know what the show is? Did anyone
ask Adison what a lame bob was before you?

Speaker 2 (13:51):
Highness Electricity, who are you in the metaphor and fact, non.

Speaker 8 (13:56):
Rehearsal and no weekend updates.

Speaker 16 (14:02):
NBC makes more money playing ruins of the Tonight Show.

Speaker 6 (14:05):
I mean more than ninety minutes.

Speaker 9 (14:07):
Of live television by a good of twenty year olds.

Speaker 15 (14:09):
But we've never mean anything.

Speaker 16 (14:10):
Okay, so this is I don't have to share that
they do.

Speaker 5 (14:17):
You just have to make a.

Speaker 2 (14:18):
Dare why Dylan O'Brien plays Dan Aykroyd, Williem dafoees and
there JK. Simmons, Nicholas Braun. Nicholas Braun was Gregor succession.
Everyone loves Nicholas Braun. That's greg and Succession. It's in
select theaters on the twenty seventh of September and then
basically all the other theaters from October the eleventh. I

(14:40):
don't know why they do. I don't know what. That's
sort of straight awards.

Speaker 1 (14:43):
That's why.

Speaker 2 (14:43):
Anyway, what are we got? We've got a counseling service,
a trial run by the er, the Education Review Office,
four primary schools. Why are primary school kids getting counseling?
There's your first question. Anyway, it appears to work more shortly.

Speaker 1 (14:57):
Big news, bold opinions. Look the my costing, Breakfast with
a Vida, retirement, communities, Life your Way news togs had been.

Speaker 2 (15:06):
It's building a head esteem the subject. Mike, you would
think that Mara would welcome the council's referendum vote for
Mary Wards, that this is the only democratic path and
the result will finally put it to bed. This referendum
will see an increase in voting, Ellen, I hope you're
right that it does see an increase in voting Mike.
The four hundred clergy tied in separate but tied in
the four hundred clergy who have declared publicly that they're
personally opposed to the Treaty Principles Bill that's currently before

(15:27):
Parliament have absolutely no authority to make this or any
statement on behalf of their parishioners. How arrogant? Who do
they think they are? I thought, first of all, it's
not in front of parliament, and that's part of the problem.
Doesn't go in front of parliament until November. People seem
genuinely confused about this, and that's probably because we've not
seen a draft document. In one of the ironies yesterday
in the postcap press conference by the Prime Minister, he

(15:49):
admitted he hadn't seen it either, And yet I can't
work out how you discussed something you hadn't seen, which
apparently he may or may not have done in cabinet.
The whole thing was a shambles anyways, with us in
an hour. But the point is I think that David
Seymour and this is typical of what these people do.
They say we're against this, which is fine. You're entitled
to say you're against it. But because we're against it,
and because we're superior to you and we're bright and

(16:10):
you're thick, it needs to go no further and that
is the real problem. Twenty ten minutes away from seven,
how's from Fielders in France. There's not a bunch of
interesting stuff going on there. It's a convoluted old place,
and we will touch on Germany for what was that music?
We'll just listen to the music.

Speaker 15 (16:29):
What is this?

Speaker 2 (16:34):
Who is?

Speaker 9 (16:36):
If you're gonna ask me who it is, I'll find out.

Speaker 15 (16:40):
Oh, how are you doing? By somebody else?

Speaker 16 (16:43):
When we talked about mental health issue? No, okay, I
thought we were about to, so I thought i'd.

Speaker 2 (16:47):
Play twenty ten. No, we are twenty two minutes away
from seven. It almost seems odd to say, but primary
school counseling services are showing promising results. Over the past
three years, more than two hundred and twenty schools have
taken part in the zero Project or this Pilot. Eighty
percent of the students involved, so their mental health has
improved in more than seventy five percent of the teachers
and parents say attendance and results have increased. So counselor

(17:08):
dead phrase Isshoes, director of Mirror Services, and is with
us dead Morning.

Speaker 3 (17:12):
To you, st and Mike.

Speaker 11 (17:14):
How are you doing very well?

Speaker 2 (17:15):
Indeed?

Speaker 3 (17:15):
Thank you.

Speaker 2 (17:15):
How many kids do you see and how many of
them would need counseling? Do you think?

Speaker 7 (17:20):
Oh?

Speaker 11 (17:20):
How many do we see? I mean we're in across
five different schools in the Southern district, and we're available
to students who are year eight nunder, So all of
those children can have access to counseling if it's consented
to by their parents. And so we're seeing at least

(17:41):
five children a day and saying that we're only like
five hours in each of those schools or ten hours
in one of the bigger schools. So you know, it's
not a lot of counseling ours, but it is making
a significant difference.

Speaker 2 (17:54):
How does it actually work? In other words, armer five
or six year old who approaches me to say do
you want some count.

Speaker 11 (18:01):
Yeah, it's identified either by their teacher, the students themselves
are made aware that counselings available to them, or a
parent can also refer them into the service. So it's
great that there's multiple ways that they can access the services.

Speaker 2 (18:18):
Was it so long ago that, I mean, I can't
imagine as a five year old somebody coming to me
an adult going high Mike, I'm just wondering if you'd
like some counseling. I would have had no idea what
you're talking about.

Speaker 11 (18:31):
Yeah, exactly. Yeah, there's a difficult concept.

Speaker 3 (18:34):
For a child.

Speaker 11 (18:35):
It really is positioned as a way as somebody to
talk to if there are you know, if you're not
sleeping well, or something's happened that's upset you, and you're
not engaging in school or not wanting to come to school,
all those sorts of things that's really doubt drilled down
in a basic level for children to understand. But we

(18:56):
are talking more year seven and eight and of course
under as well.

Speaker 2 (19:03):
Yeah, so when you say it has improved, how do
you know that? And do the kids tell you that?
And how would they quantify that in their own minds?

Speaker 11 (19:13):
Yeah, So there are questionnaires that we do that get
you know, give a baseline of where somebody comes in
and how they're functioning, what their functioning is, and then afterwards,
after I've completed, so we can see the difference that
it makes, and they do do a session, you know,
how they found a session as well, so they're able

(19:33):
to report on what their experience is like. But I
think the reporting's coming from not just the children themselves,
but parents and their teachers. So it's like as not
quite a three sixty, but it's almost you know, there's
a number of points of input into that.

Speaker 2 (19:52):
Well, do you give them coping mechanisms? Because I'd imagine
a lot of the problems if the kids have problems,
a lot of the problems we're at home. You can't
necessarily fix what's going on home. Therefore you give the
kid to coping mechanism. Is that fair or not?

Speaker 10 (20:03):
Yeah?

Speaker 11 (20:04):
Yeah, it is about strategies and coping and just being
able to talk about what's securing. But ideally working with
family is also important when you're working with children. So
where we can we involve family or where it's needed.

Speaker 2 (20:17):
To good stuff. I'm glad it's working well. Appreciate the insight.
Did Fraser, who's Mirror Services director, rotate ten minutes away
from seven? So you'll be asking the Prime minister about
this what's going on here? You've seen it with the
local council. So the government passes the law on the
Mariy seats. We all know what the law is on
the Marriory seats. You go to either get rid of them,
what we're going to put them to a referendum. Very simple.

(20:37):
So what are the councils or some of the councils do.
The first thing they do is they go hire a lawyer.
They look at going hiring legal advice. Why Law's the law?
Why are we getting this pushback? And then we get
Shane Ritty yesterday we are telling you about the story.
This is Hawk's Bay once again, race based healthcare. If
you're Marrie, you go to the front of the queue
for free service. Why Retty steps in and goes it's again,

(21:00):
it's the rules. You can't do it. It stops now. Why
is the health minister or any minister being forced to
deal with the bureaucracy in which they are in charge
of to get them to follow the rules they already
should be following us. There's some sort of subversive activity
going on in the public service whereby you sort of
make it up as you go along, and you work

(21:21):
out what rule you like, what rule you won't, which
one you'll follow, which one you're There's something not right
here anyway more Later seventeen two.

Speaker 1 (21:29):
The Mic Asking Breakfast Full Show podcast on iHeartRadio Power
It by News.

Speaker 2 (21:34):
TALKSP Mike, where's the Health New Zealand CEO? You mean
Margie Appa that's in that I suspect is your problem? Morning, Mike.
I can't believe Pario or high school re Nceea. The
headmaster needs to be sacked. My son rose up at
four thirty four times a week and still studies and
is doing well. It's crime or river. If you've missed

(21:57):
the story. She was on the news yesterday's suggesting that
they've delayed one of the NCEEA tests, you know these
numerously and literacy tests, because their kids have got a
whole bunch of stuff on. And I did, to be
fair come to a similar conclusion fourteen minutes away from.

Speaker 1 (22:10):
Seven International correspondence with Ends and Eye Insurance. Peace of
mind for New Zealand business.

Speaker 2 (22:16):
Not that ES just really needs to be sacked, but
part of the problem in the malays we face in
this country is based on that kind of mentality, unfortunately.
Catherine Fields in France, good morning, Good morning. Now this
DRAGI reports interesting because what it does, from this distance
at the bottom of the world sort of encapsulate to
me all of Europe's many, many problems. You've got great
countries and you've got basket case countries, and they're all

(22:37):
in the same group together, and that's part of the problem,
isn't it.

Speaker 17 (22:41):
Well, yeah, I mean the some breaker is over and
Marrio Drug, former head of the European Central Bank, has
put forward this report on what's.

Speaker 2 (22:49):
Wrong with Europe's economy at the moment.

Speaker 17 (22:52):
I mean, essentially, he's said that everything's going to be
shaken up, that the Chinese economy and the American economy
is just lasting on ahead, and whilst Europe will continue
to be important, it will decline globally. It's influence, its
economies will decline unless there is a lot of change.
Now he's come up with the whole patchwork of suggestions.

(23:15):
You need new strategic goals. That means getting away from
producing cars all the time, having a whole new industrial plan.
You're enabling market consolidation, centralized capital markets, all these sorts
of ideas that people have been coming up with for years.
But he feels now is the time to put it forward,

(23:36):
this new industrial strategy.

Speaker 2 (23:39):
The problem is, Mike.

Speaker 17 (23:41):
Is going to be the cost. He reckons it's going
to cost about eight hundred billion euros a year. That's
about five percent of the EU's whole GDP. So where
does the money come from? When he says there's lots
of ideas, aren't there? You can either get it through
contributions from member states, or you can get new debt.

(24:01):
There are a lot of ways around it. And Europe's
got to really start taking it seriously. And one of
the suggestions he came up with, Mike that was that,
for example, Europe when it comes to defense, it buys
around sixty three percent of its defense equipment from the US.
So he since Europe shouldn't be doing this, they should
be making itself. So we're all looking at this report,

(24:24):
four hundred pages long, all about the need for change,
all about how much money is needed.

Speaker 2 (24:30):
But you know, Mike, that old.

Speaker 17 (24:32):
Saying that everyone's got a plan until they come up
against entrenched national interests. Well, this isn't going to fly
in France, it's not going to fly in Germany.

Speaker 2 (24:41):
So interesting. And then you come to Schultz, who's head
is regional elections. He's going to have to do something else.
He's going to find himself out of office. So what's
he doing about migration.

Speaker 17 (24:50):
Well, he's just put in places. Interior Ministry announced just
a couple of hours ago that for six months an
initial period, they say that they're going to put in
place border controls across its whole land border. That means
three thy seven hundred kilometers long border nine countries. They're
going to tighten these border controls. That means, they say

(25:12):
that they'll be less uncontrolled regular migration. Plus they're also
going to expand the possibilities for repatriating those people who
have had their applications for asylum rejected. When you look
at the figures, Mike, they are extraordinary. Just last year
and the year before, Germany took in another million Ukrainians

(25:36):
who were fleeing from the war in Ukraine. Twenty twenty
two they took in two million asylum seekers. So these
are the sort of numbers you're looking at. Twenty twenty
one they took in one point two million. These are
huge numbers. They say they just cannot cope and it's
time to you know, really, if you're in a way, Mike,
you know, thumbit's nose at the EU and say, listen,

(25:58):
the Shngen agreement on having open border hasn't worked for Germany.
We're putting them in place. And if you want to
talk to us about it, they say, you come and
talk to us, and you go and talk to our
photos about it as well.

Speaker 2 (26:08):
All right, good to catch up with the Catherine see
next Tuesday. Catherine Field and France. I remember saying at
the time when Merkel opened the gate. We're all refugees once,
she said, and I thought, that is the end of
your political career. And so it turned out to be
ten away from seven.

Speaker 1 (26:20):
On my costal breakfasits with our Veda Retirement Communities News
Tom SEDB.

Speaker 2 (26:25):
Part of the whole HIPKNS tax you more debate is
based around the idea that we're all getting older, which
of course is factually true, and living longer, which is
equally factorily true, and we can't, allegedly, which is debatable,
afford it. But then yesterday we get the Superannuation Fund
news record high of seventy six point six billion dollars.
It earned eleven point two billion for the year end
of June. That's a fourteen point nine percent rise on

(26:45):
the previous year. Not a bad return, I hear you say.
Been around for twenty three years now. Since it began
in two thousand and one, funders averaged and this is
the really impressive part. It has averaged ten percent each
and every single year for twenty something years. And it's
expected to start making payments for the country superannuation bill

(27:07):
in the mid twenty thirty. So if they keep going
the way they are, you'll be miles in excess of
one hundred million dollars once and presumably mitigating the problem
that they seem to think we have five minutes away
from seven.

Speaker 13 (27:20):
For the ins and the outs.

Speaker 1 (27:22):
It's the fizz with business fiber, take your business productivity
to the next level.

Speaker 2 (27:27):
Now, China unfortunately still an issue. So we've got a
couple of figures for you. The Producer Price Index that
mess measures the cost of goods at the factory gate.
You know how much domestic producers are receiving for their
goods and services. So for August that was down never good,
one point eight percent compared to this time last year.
That to beg increase on the decline of zero point
eight percent in July and was worse than the analyst prediction.

(27:48):
The analyst thought it was one point four ten out
to be one point eight not good. Meanwhile, the Consumer
Price Index to CPI the increase of zero point sixty
year on year, slightly less than they were hoping for.
The prediction was zero point seven, a little bit faster
than July zero point five. So you know, read into
that what you will consumers are paying more for goods
those at the factory gate are getting less for what

(28:10):
they produce. Not a great combo. So a lot of
it's down to the weather. They've had some deadly floods,
they've had some heat waves, which has pushed up the
farmer's produced prices. They've also lost one point to four
to six million hectares of crops in August alone. Food
prices are up two point eight percent, which isn't the
end of the world. Non food inflation was up zero
point two percent. That's month on months. Economists a little

(28:30):
bit worried about the deflationary PPI as it could mean
investments are going to fall off and margins come under pressure,
and they're trying and get back into the black of mets.
Before I even get down the rabbit hole that is
the Chinese housing market at the moment, after seven o'clock,
what can I tell you, well, Chris fin lesson on
this treaty negotiation, this Treaty Principal's Bill which the Prime

(28:52):
Minister came out of cabinet yesterday and the first questions
everybody were, they were all fizzing about, you know how
they were going to have this discussion about the Treaty
Principle's Bill and of course lucks and said, well, we
can't talk about what goes on in cabinet, so that
was sort of the beginning in the end of that.
Then he said he hadn't actually seen a draft form
of the bill. Then somebody, i think, asked, is there
actually a bill there at all? Or are we just
wandering around around in circles making this stuff up. Meantime,

(29:13):
David Seymour, architect of the bill that may or may
not exist or may or may not have been discussed
at cabinet yesterday, is suggesting there is a change or
two coming as a result of that. So we'll cover
that off with Chris vanlay soon, and then we get
this slightly angsty business of the gang patches, whereby there's
a late change to the pending rule which has got
the law society particularly upset for recidiv as defenders. You

(29:37):
will not be able to wear a gang patch in
your lounge of your house. Now how they make that work?
As an interesting one? Sir Paul Goldsmith, the Justice Minister,
on that as well. After the News which is.

Speaker 1 (29:47):
Next, demanding the answers from the decision makers, the mic
asking breakfast with the jaguar f Bayse cut from a
different clath news Tog said, be I.

Speaker 2 (29:58):
Think seven past seven and the on owing mystery that
is the Treaty Principal's Bill. We got a wacky back
and forward from the PM yesterday that we'll deal with
after seven thirty. But we also seemingly got a change
of wording from the architect. Article two previously said apparently
the New Zealand government will honor all New Zealanders and
the chieftainship of their land and property. That's now going
to be changed the former treaty negotiations. Minister Chrispin license

(30:19):
with us. Chris, good morning to you morning. As a
man who's been in politics and now looks from some
sort of distance, what do you make of this whole
thing it's as it's unfolded.

Speaker 12 (30:29):
Well, I just think it's most unfortunate.

Speaker 15 (30:31):
Really.

Speaker 12 (30:32):
It takes me back to when I was on my
first term in Parliament. Helen Clark and Michael Cullen agreed
with Winston that I wanted to and could introduce a
dilation of the principles of the Treaty Bill, and they
supported it through the first reading. I was on the
Select Committee. It was rubbish, gibberish, really and diet natural deaths,
and so I think this one is destined to suffer

(30:52):
the same faith?

Speaker 2 (30:53):
Is this the problem? Does this go back to Christopher
Luxon in agreeing with it? And because you could if
we could see this unfolding the way it hats, couldn't we?

Speaker 15 (31:03):
Yeah?

Speaker 18 (31:03):
Well, twenty years on from Doug's effort, where a different country,
and whereas people just yawned when New Zealand Firsts Members
Bill was introduced in two thousand and six. I think
it was people They've moved on such a long way.
This sort of thing aggravates people.

Speaker 2 (31:21):
Okay, but what about the broad based argument that it's
worth a debate, that a debate is not to be
shied away from.

Speaker 12 (31:29):
Well, I would have thought for the ACT party, the
biggest debate that we should be having is how do
we not become an Argentina in twenty fifty And it's
tailor made for ACT to talk about greater productivity.

Speaker 18 (31:40):
Less regulation, a leaner, smarter government of other sorts of
things David should be concentrating on.

Speaker 12 (31:47):
That's why ACT was founded by Roger Douglas.

Speaker 2 (31:50):
Indeed, so this goes to Parliament, it heads off to
Select committee, your pick would be it dies at that
particular point. Well, Simo's argument, as he can persuade people,
is that and slightly possible.

Speaker 14 (32:01):
Do you think I'll get a life?

Speaker 2 (32:04):
Good on? You're nice to talk to you. Chris fin
Layson Form treaty negotiations nine minutes past seven, pask gang.
I like people to come on and tell it like
it is. We've got a new clause and the gang
law members could have patches banned in their own homes.
So the changes of the Gang's Bill make it illegal
for repeater fenders to have insignia at their usual place
of residence. The Law Society's not thrilled about this. They

(32:25):
think it's been rush. Justice Minister Paul Goldsmith with us.
Poor morning, good morning. How are you you say what
to the law society?

Speaker 12 (32:33):
Oh?

Speaker 14 (32:33):
Look, I mean the the job to raise issues. But
we made no apologies for the fact that we want
to give the police extra tools to deal with gang
members who are making life miserable for many New Zealanders.
So we're less worried about the rights of the gang
members than we are about the rights of ordinary citizens
to go about without fear and intimidation in their communities.

Speaker 2 (32:53):
Where did the specific bit come from and why so late?

Speaker 14 (32:58):
Well, I mean it was through the Select Committee proces.
Questions were raised about how do you deal with people
who just flatantly, blatantly disregard the law. And so all
we're doing is saying that if you are convicted three
times of wearing the gang patch in public, then there's
an escalating consequence for that, and the consequences that you

(33:19):
get a ban not only in public but in your
private home and if the police suspect they can go
and search for it, and so that's just an escalating
consequences for what we hope will be only a very
small group of repeat offenders.

Speaker 2 (33:33):
Well, I was going to say, how enforceable is it?

Speaker 14 (33:35):
Well, it is very enforceable, and so we're about giving
the police the tools that they need. And this is
part of the Boarder context, which is around non dispersal
orders and breaking up areas of gangs, making an aggravating factor,
dealing with tougher firearms laws. I mean, the reality is
it's obvious to everybody who's listening that we've seen over
the last six years big increase in gang membership and intimidation,

(34:00):
and so we've got to have some extra tools to
fight back. And that's what we're going to give the police.

Speaker 2 (34:03):
In practical terms, I should have asked it in a
different way when I say enforcible. Of course the laws enforcable.
But do they have the resource to knock on somebody's
window and go, haha, I see you in the lounge
there with a gang patch. Is this just something that
they can add to the charge sheet at the end
of the day when they round them up and raid
their house.

Speaker 14 (34:19):
Well, no, I mean what it's about is giving them,
the police that option to deal with what we think
will be a small group of people who say, well,
stuff you, I'm just going to wear my patch and
I'll pay my fine and I'll keep on doing it.
And that would make it would undermine the purpose of
the bill, and that's why we got that feedback during
a Select committee. And so bringing in this extra tool

(34:40):
to give the police extra powers to deal with that
small number of repeat offenders.

Speaker 2 (34:44):
Have you been surprised at the amount of pushback you've
got on this for something that you would think that
most New Zealanders are on board with, and I think
they are. There seems to be a coterie of people
whose life life's calling appears to be to push back
on everything you're trying.

Speaker 16 (35:02):
No, I'm not surprised.

Speaker 14 (35:02):
I mean we have, I think labored under a bit
of a culture of excuses when it comes to law
in disorder, where it's everybody else's fault for people causing
mayhem on our streets and violence, and we just don't
accept that principle. We think people are responsible for their
actions and they need to be held to account and
we need to give the police the tools to deal

(35:23):
with that very small section of society that's causing mayhem.

Speaker 2 (35:27):
Good stuff. Paul pressuret of very much. Paul Goldsmith, who's
the Justice Minister. Twelve and it's past seven. That specific
question is a he's got the pushback I mentioned Retty
earlier on. And you know, we know the rules in
this country. You can't have race based health care until
you have remarkably race based healthcare and hawks Bay and
the Minister's got to dip his toe and say, by
the way, rules of the rules. And then we get

(35:47):
to the business this coverage and Nicole m Key, she's
very controversial figure according to some, particularly in the media,
and she wants to reform the gun law. She's working
through that. At the moment, there's another big story this morning.
There's two things in this country that really get up
my nose at the moment. One is this open letter
thing I mentioned yesterday, and Glen and I are on
the same page in this. There's too many bloody open
letters in this country. Stop writing open letters and the

(36:09):
media needs to stop obsessing with covering open letters. And
the other thing is this this this bureaucratic advice. Every
time that some agency gives a minister advice that doesn't
dubtail with what the minister or the government of the
day are trying to do, that suddenly is news some
faceless wonk who wrote a piece of paper. I don't

(36:29):
think that what you're doing it's going to work very well.
That isn't news by it. So who is this person?
Do they know what they're talking about, do they have
any level of experience or expertise? And why is it
suddenly news? But this morning's example is Nicole m Key,
who's getting more pushed back allegedly on what she has
to do with guns. Anyway, I'll cover all this off
with the Prime Minister. Shortly fourteen past.

Speaker 1 (36:49):
The Asking Breakfast Full Show Podcast on iHeartRadio powered by
News Talk, said be.

Speaker 2 (36:55):
And then look forward to the catch up after eight
o'clock this morning. Mike, it's alarming the law society is
more concerned about gang houses than they are about the
rest of New Zealand. I don't know that that's necessarily true.
I'm sure they just wanted their say on the application
and the workability of what the government we're trying to do.
Mike is a senior lawyer and lawyer I can tell
you that some official from the Law Society expressing views
on the gang patche law absolutely does not speak for

(37:16):
the profession. Mike, methinks this banning gang patches and houses
isn't going to work well, Thank you, Chris. It aggravates
to me, Mike that people aren't given respect to Seymour.
There is a large cohort of silent New Zealanders who
feel they don't have a place in their country four
or five generations on. I tend to agree with you,
but I sort of walk a fine line on this.
I mean, the problem is if you're dealing with practicalities,

(37:37):
here's the issue. This thing was always going to die
a death when your two major parties three party government.
Two of them don't even support this thing past the
first reading, so it will die a death. Seymour was
he naive to insist it's in the coalition agreement, thinking
he somehow, when presenting us with the evidence, we'd all
suddenly go, oh, my lord, this makes sense after all.
So we'll put pressure on the National Party in New

(37:59):
Zealand form and they too then will change their minds
and kumbaya. I don't think that was ever realistically going
to happen. Does it go back to Luxon in agreeing
to it, or did he sit there and go, look,
I'm trying to get this thing across the line and
get into government. If this is what you really want, David,
go for it, but we can't support you. I just
asked that question because yesterday he was getting increasingly frustrated

(38:20):
with the media asking the same questions and he can't
answer them because he doesn't like it and he doesn't
want to talk about it. But then I come back
to what I would argue is probably the libertarian view
of this. Why are we afraid of a debate? I mean,
even if it doesn't go anywhere, and even if you
don't agree with it, why are were And this goes
back to what I'm saying yesterday about the church leaders.

(38:40):
There's too many people in this country who think because
they have a view, that's the only view and it's
the only view worth having. And if you don't hold
that view, then you don't deserve a view. And we'll
just close it down here and now it's the weirdest
whole thing. But anyway, more on that than just a
couple of moments. And here's what the Prime Minister did
start with yesterday, and not a single question was asked.

(39:01):
He talked about coming back from overseas, how it's important
to get out in the world. How are our economies
in a mess, and we need to get foreign investment
and our current account is catastrophically bad. In fact, we
featured this on the program last week while he was away.
It's one of the worst in the entire world, if
not the worst in the world. So he raised that
as an issue yesterday. No journalist in the room was
awaken enough to ask questions about it. One of the

(39:23):
part of that report yesterday last week from S and P,
also in bold councils and council's debt, it is crippling
and yesterday as a result of that report, guess who
got downgraded A couple of councils. Wellington City Council's gone
to double A from double A plus and Hamilton Council's
gone from A plus to double A minus. What does
that mean? It means their debt not only is crippling,
it becomes even more crippling because the cost of borrowing

(39:46):
money gets more and more expensive. They don't have any
money because they borrowed too much. And we're sinking like
a stone in this country and nobody seems to care
about any of this, and we are being downgraded in
front of our eyes while we watch. He's trying to
alert us to this subject, but no one seems to care.
But we do, and we'll raise it with them. In
about fifteen minutes seven.

Speaker 1 (40:07):
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One net plus Grizzly AI helping you to succeed in business.
Pasking I wonder as I mentioned Tomama Degards, I watched
the Prime Minister. It's seven twenty three, by the way,
as I watched the Prime Minister as I do post
Cabinet each Monday, whether he regrets ever entertaining this Act
Treaty Principle's Bill, because every time he talks about it
he dances on the head of a pennant. We suggested

(41:39):
that the draft bill was headed to Cabinet for discussion yesterday,
so a little bit of frothing at the mouth from
the media as they fired off question after question as
to where this thing might be heading. Where it is heading,
by the ways, to a first reading, then to Select Committee,
and if David Seymour can't turner the tide at that point,
it will die for something that most likely won't see
its conclusion. We have spent an awful lot of time

(42:02):
and energy angsting over it. It's been a long time,
if ever, in fact, that we've waxed and waned and
twisted and bent ourselves into a knot over something that's
basically just a debate and exchange of ideas driven by
the concept that being equal based on race is something
we should aspire to. To show you how mad it's
all got. The Prime Minister was able to bat away
virtually all questions by simply stating he doesn't talk about

(42:22):
what happens in cabinet. But then he said I think
mistakenly that he hadn't actually seen a copy of the
draft bill, meaning I assume if he hasn't seen a draft,
it can't really been talked about a cabinet, or can it.
Someone then asked whether there actually was a draft bill
at all, at which point I think he'd worked out
his error and returned to talking about things that may
or may not have been talked about in cabinet and

(42:44):
how he doesn't talk about them outside cabinet, or indeed
whether anything to be talked about even existed. The sad
thing about all this is it shows we are not
really up to much by way of big debates in
this country. Big debates should not be feared. But when
you have a three party government with two parties seemingly
against an idea from the start, one in particular looking
increasingly anxious ie national, not to mention the wider panic

(43:05):
from the wide Tangy tribunal to the churches, it reaffirms
this is a country where bold thinking doesn't often find
a space to be aired. Pasking like we're drowning in
debt and Chippy is grandstanding about borrowing more and increasing
taxes to spend more. Go figure. It's what I try
to open the show with this morning. Mike Seymour is
putting it in existence. It will become an election non

(43:25):
negotiable in a couple of years, that's possible. Mike Seymour
is thinking ahead to the next election where national fail
to get back in. Really, Mike, I think the benefit
for David Seymour in the Principles will be a boost
to his support. I'll be interested to see that. I
don't know that this is one of those things that
moves the dial. My summation of what's going on is

(43:47):
that for a small group of New Zealanders are very small,
this is an exercisable type thing. For most of us,
we're is getting on with life and then we come
to people who don't want to go to work today
and walling selection comes from Woolworths and they're off the
job for a couple of hours between twelve and two.
So if you're going to do some shopping, if you're
looking to get do they do the click claques. Are

(44:08):
they the same people doing the click claques at the
moment the glass containers? Willworths Research department quickly is it
Warlworths and the glass containers?

Speaker 12 (44:16):
Uh?

Speaker 10 (44:16):
Isn't Isn't that a new war promotion?

Speaker 2 (44:18):
Well, it could be, That's what I'm saying. I don't
know anyone. I'm saying. If you're collecting your glass contact
the Disney, the Disney collectibles, I think are they? Well,
if you're after your Disney collectibles at Woolworth twelve to two,
it's going to be no use to you today anyway.
The first union who are behind this, here's what they say.
Workers are excited and enthusiastic about taking part in the

(44:39):
brand's first ebb of supermarket walkout. Is that true? Do
you think do you think that people who aren't going
to work today are excited and enthusiastic about striking or
do you think they've made that up? The Prime Minister
for you in a couple of moments time and then
Rich a quest out of and then we're going to

(45:00):
cover the US, We'll cover the election, we'll cover China,
we'll cover Europe, and we might even do a little
bit of playing spot and given Richard as the aviation expert.
Of course, Richard quest after eight on the Mike Hosking Breakfast.
But the news is next.

Speaker 1 (45:17):
Your trusted source for news and views, The Mic Hosking
Breakfast with Bailey's Real Estate, your local experts across residential, commercial,
and rural news togs d B.

Speaker 2 (45:30):
Richard quest of seeing En back with us after eight
o'clock this morning, twenty three minutes away from a Tuesday
morning Prime Minister time. Good morning, Good morning, Mike, how
today very well? Indeed, I know what the great deal
of interest you started yesterday's little cabinet post cabinet talk
with the current account, of course, in which came exactly
no questions. And then yesterday two councils got downgraded by

(45:51):
S and P. Why don't we seem to take the
plight we're in more seriously than we do?

Speaker 16 (45:58):
Oh, we should be, And it's what I'm focused on.
I'm telling you we've got a lot of potential in
the joint, but we've got to realize it. And at
the moment, the last lot, frankly drove the car into
the ditch, and we've got to get ours. And that's
what we're doing, and you know, we're cleaning up the
finances first and foremost, but then we're getting onto the
growth plan because the only way yourself had a recession
and frankly set the future up from New Zealand is
actually growth. And that means the education work that we're doing.

(46:21):
It means science technology, it means getting rid of red tape,
it means you can infrastructure in place. But it's those
international connections. And that's why I opened talking about the
trip I had to Malaysia and Career. We hadn't had
a prime minister there since twenty fifteen, and it turns
out by showing up, actually a lot of these countries
actually want to do business with New Zealand. They actually
want to invest in New Zealand, but no one's been
talking to them. So as a result, you know, we

(46:43):
had some really good company you to never deals with
their counterparts over there. But importantly, you know, both Malaysia
and Career are open to investing in New Zealand on
things like public infrastructure and partnering with private companies, which
gives us the capital, the knowledge, transfer, the things to
keep killing.

Speaker 2 (46:59):
This movie forward and more so we will see.

Speaker 16 (47:01):
At a place. Then we're going to sfort more cancer
drugs exactly, so.

Speaker 2 (47:03):
We will see tangibles out of your trip.

Speaker 16 (47:07):
Yeah, so it was interesting Like Malaysia again, pros hadn't
been there since twenty fifteen. I think Key was the
last one, and we agreed to review our FTA. We
have a major problem in Malaysia getting red meat into Malaysia,
and I said to the prominise, so, look, we've got
to get this sorted in two months. When I see
you at the end of the year, let's make sure
we've got that done so we can get our red
meat in to market here in Malaysia. We send allow

(47:27):
meat to Indonesia, in to the Middle East. It's no
reason we can't do it here. But you've got problems
on your end with the bureaucracy. Let's get that sorted.
And then when President you in Korea, immediately we lifted
exports around blueberries from New Zealand and also there was
five different types of dairy products we wanted to get
into Korea. So we were able to do that. And
as I said, we've agreed to up next year to
upgrade our relationship with a comprehensive strategic partnership. So what

(47:49):
was interesting, like is every country I go to, I
spend an hour or two hours having a lunch with
big investors. And it's not just wealthy individuals with a
couple of hundred million dollars. It's actually funds that are
worth billions of dollars. So they sit in Korea and
one of their five pension funds that I spoke to
over one of these dinners has two hundred and fifty
billion uvest dollars to invest and they would love to

(48:11):
invest in a four lane highway from Aukland to Fire
but they just don't know about it. And I'm open
to taking their money so I can get the infrastructure
bealt quicker. And they want to give us money, but
we've now got to do these connections that actually gets
the money moving to New Zealand. So you know, that's
very much my takeaway messages that I had consistently with
us in Singapore, Japan. You know, you know, big investors

(48:34):
wanting to invest in New Zealand as part of attracting investment.
And the reason is we out amongst the worst in
the OECD now attracting capital to New Zealand. And that's
why fast track matters, That's why funding and financing through
the national Infrastructure as the matters. That's why thirty year
pipeline of proper defined projects, not sort of posted Night's
ideas kind of matters a right.

Speaker 2 (48:53):
So speaking of what there's quite a bit of reported
to this going on in Australia. It's got to do
with ORCHEST. But Jake Sullivan, who out of the White House,
do you're looking to deal with Australia at the moment.
The US is looking to deal with Australia at the
moment to counteract Chinese dominance in this particular part of
the world, all sorts of trade ideas. Are you part
of that in any way, shape or form that discussion

(49:14):
at the moment specifically or.

Speaker 16 (49:15):
Not not specifically?

Speaker 2 (49:18):
But we do you know what I'm talking about? Or
is this just all to do?

Speaker 16 (49:22):
I read the Jack Slomn article from the US yesterday
and what I just say is, look, you know, we're,
as you know, exploring ORCHEST Pillar two and will continue
to do that. We are with respect to the US
pied up with ip which is their sort of economic
sort of activity around security, more around trade, around supply chains,

(49:43):
technology transfers, all of those things in those conversations, and
obviously when I was in DC, I met with a
number of officials and even again Perfume, I met up with
Kurt Campbell, who is from the State Department that is
driving Asia Pacific and inpecific strategies as well. So look,
I mean what was interesting is I went out to
the DMZ, which is the border with North Korea South Korea,

(50:06):
and you know that war never came to an end.
It's just a permanent ceasefire for the last seventy years.
As it's there, you know, balloons are going up in
the flying trash over us. But yes, we've got New
Zealand personnel which I've tripled into the peninsula. Because what
strikes you is man because the piece has been achieved
through a ceasefire, a bit difficult at times. That has
enabled huge prosperity for South Korea to become the fourteenth

(50:29):
largest economy in the world, our six biggest trading partner
that's created wealth and opportunity for New Zealand is back
here at home. So that's why I keep saying security
is very anextricably linked economic prosperity, and the two things
go together, and you know you can also on that Ponancia.
What was interesting is North Korea is sending ammunition to
Russia to be used in Ukraine, and so we've doubled

(50:50):
our efforts on surveillance to make sure you in sanctions
are being monitored, working with ten other countries up there
as well.

Speaker 12 (50:57):
So you know, that's why curity.

Speaker 16 (51:00):
If you don't have security, as we've seen in Ukraine, yep,
that cause is economic pain and suffering Western Europe around
the developed world with green prices. So these two things
go together, and that's what I'm trying to get people
to understand.

Speaker 2 (51:10):
Okay, So there seems to be considered pushed by the
Biden White House to do something before jan twenty in
their administration ends. Is it possible between now and then,
which is not far away, given we're in the middle
of September, that we will see something with aucas two
and this country.

Speaker 16 (51:23):
No, No.

Speaker 12 (51:24):
I think.

Speaker 16 (51:26):
The conversations that officials have been having are pretty you
know that they're still pretty unclear the three countries. I
think about what the two is actually about. I think
that's what Jake Sullivan was alluding to, and I think
we'll continue to make progress, but we can only move
at the pace that they want to engage with or
able to engage.

Speaker 13 (51:42):
As well.

Speaker 2 (51:43):
That thing yesterday where you were back and forward about
stuff you talk about in the cabinet and don't and
things you might have seen or might not have seen.
Do you regret at any point allowing Seymour to be
part of the coalition in terms of this Treaty Principles bill,
which for you anyway seems almost now embarrassing.

Speaker 16 (52:01):
Well, it's not. I'm actually quite relaxed and calm about it.
I mean, I've been consistent before the election and since
the coalition.

Speaker 12 (52:07):
Was put together.

Speaker 16 (52:09):
I sort of have a different view on it, which is, Look,
Manuella is rightly or wrong. They chose MMP. They've done
it several times. That's the electoral system were dealt with, right.
That's the same as Western Europe now, whether I'm in Germany,
whether I'm in Netherlands, at the same deal they put
four or five six party coalitions together and stuff these
days around in Western Europe we've put a three party
coalition together. We're united on the core. That's the economic staff,

(52:30):
the law and all the staff, the public services things. Yes,
we have differences on an issue like this and we
find a compromise. That's what we're expected to do in
an MP.

Speaker 2 (52:39):
About it. But look at what you went through yesterday.
Just look at what you went through yesterday. That's all
we seem to be able to be talking about in
this country while I'm trying to raise this morning is
some big picture stuff that's actually quite important. But you're
bogged down and going what did David saying? Do you
see this? And so that? Stuff you could have avoided
if you didn't get bogged down in the first place.

Speaker 16 (52:59):
Well, not to get bogged down. I'm pretty clear about
just restating our position. It gets pretty tiring because you know,
you just saying the same thing over and over again
because the position is pretty clear. But to be honest,
I'm focused on how do I rebuild the economy, get
it growing, how do I fix law and order, and
how to health and education? And those are things, frankly,
whether you're Maori or non Maori, that you actually want
fixed and sorted in this country. So you know, look,

(53:20):
I appreciate the press gallery here and Wellington. You can
obsess on that and others will have different views on it.
Across the country, and they are entitled to do so
a liberal democracy. But I know what I'm what I
stand for in that position, and we've got a compromise.
David and act didn't get what they wanted. I didn't
get what I wanted. But where when I need MP
It's a coalition. The positions what it is. I mean,
people want to put boys to it, but I'm pretty

(53:42):
clear about it.

Speaker 2 (53:43):
Okay, speaking of Mari, have you got some sort of
is there some sort of conspiracy or subterfuge going on
in the public service in this country? So the Hawk's
Bay Health run a program for Mari youth and you're
at the front of the queue with you Mari. Ritty
intervenes yesterday and says, that's not the way we do it.
Stop it now you go. I'm changing the rules on
Malory seats and Murray wards at local levels. First thing

(54:05):
that is, oh, we're going to ring a lawyer. Is
there something going on within the public service of this
country that is actively fighting against what you were trying
to do?

Speaker 16 (54:15):
Well, I mean they've had to adjust to a new
government that's got very clear direction and you know, as
you know.

Speaker 12 (54:20):
I've got targets.

Speaker 16 (54:20):
I've got, you know, got quarterly action plans, We've got
six monthly reviews for ministers. We're running things very differently,
right and so it is a change. But I'd have
to say the public services increasingly getting on board with
what we're trying to do. My conversations with those ces
and the ministers when they come into my office regularly
to talk about you know, tonight will be health. I've
got monitoring. I'd lest the Levy in the room, I

(54:42):
have Shane Resty in the room, Doucy others and we
talk about those issues. So look, I think they are
getting on board. But that was particular sort of felt
like quite a rogue decision, which was in Shane ready
good on and we got on immediately. Spoke to the
Health Misauan officials and the enough confirm that they've substately
changed that policy. But you know, we believe that you
target healthcare based on needs, not ethnicity, and so you

(55:04):
know that's a fundamental principle and that's the way it
should be. So yeah, I'm not sure why they had
that criteria or had that changed their criteria.

Speaker 12 (55:14):
GPS.

Speaker 2 (55:14):
My question the law simple, you run the country like
it or not you run the country. Is somebody there
going that stun you?

Speaker 16 (55:23):
Well, I don't know.

Speaker 2 (55:26):
Explain it, well, you don't. Policy, it's very clear, and
yet they.

Speaker 16 (55:31):
Are correct, and that's why we make it very clear.
We made it clear I thought an opposition and in
the election campaign and we've made it clear since we've
come to government and where it doesn't happen. Good to
see Shane really stepping up and sorting it out very
quickly within a day. But but look the bottom line is, Mike, Yeah,
I've got to get the You've got to get the
country out of the ditch. We've got to get into
first and second gear, into third and fourth and moving forward.

(55:53):
And honestly, I'm focused on, to be honest, some other things,
which is economy, law and order, health education, you know.

Speaker 15 (55:58):
So we'll do the team.

Speaker 2 (56:00):
Ye appreciate time. Prime Minister Christopher Luxen thirteen away from eight.

Speaker 1 (56:06):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (56:11):
It'd be We're its tenm andus away from it. Mike,
why hasn't there been a poll on what people think
about David Seymore's plannable? It has And I'll give you
the numbers in a moment, Mike. I've got two kids
who work part time at Woolworth. They won't be striking
as they weren't union members and they think pay is fair.
That's the other part I didn't get, and I finished
the text difference as they expect to move to higher
paying work through their own efforts when they finished school university.

(56:33):
The part I didn't get to re Woolworth today and
the union business about how everyone's poorly treated. Its shocking,
et cetera, et cetera. The company had offered minimum wage
increases below the rising household cost of living. I think
we've got to get rid of that line now because
inflation by and large is now under control. The days
of six or seven percent of gone in their annual
report last week, and it wasn't last week, it was

(56:53):
the week before. They had wage increases of eighteen percent
over two years, so nine well beyond the cost of living,
even if it's worst nine percent a year. And yet
now we are still complaining that the wages aren't enough,
and we're still going on strike. And to quote the
unions being excited and enthusiastic about taking part in the

(57:17):
brand's first ever supermarket walkout. Now, as regards the poll,
very interesting numbers. I'll give them to you in a moment.

Speaker 1 (57:23):
Nine to eight on my costume Breakfast with the Jaguar
fbase News talks eNB.

Speaker 2 (57:30):
So the poll came out in October and the question
is treaty principles do your support et cetera. Sixty percent
say they would support the proposal if put to them
in a referendum. It won't get to a referendum, of course,
unless something miraculous happens for David Symol, but sixty percent
would support it. Eighteen percent opposed the idea. The remaining

(57:52):
twenty two percent say said at the time they weren't
sure that number will have dropped by now seeing we've
had a bit of a debate on it, but sixty
percent that's what we'll have stoked or driven David Cymore
on because he would have believed that he would have
got the support of the support of the people. Now
on the councils and their debt and the downgrading of
Hamilton and Wellington yesterday by SMP. I did have some

(58:12):
sympathy with a buller mare who's a guy called Jamie
Klein who's been on the program before, a very likable
guy dumping the nice to habs. And this is reaction
to the Prime Minister's speech a couple of weeks ago
to the local body where he said, basics, brilliantly, get
on with it, do some burms, do some rubbish, do
some libraries, and stop all the fancy stuff and putting
your rates up left, right and center, all of which
I agree with. But he comes back and he says, look,

(58:32):
these are the things in small town New Zealand and
Buller that sort of knit the community together. They're the
life blood of the community. Elderly housing, park, sports grounds
funding And he says, if you cobble together the cost
of all of those things, it virtually kills off all
our volunteers, all our community projects. Meantime, we've still got
the eighty million dollar problem for the infrastructure, and in

(58:54):
that I have an element of sympathy. Small councils around
the country have a small rating base, but when it
comes to infrastructure, the infrastructure problems. You know, a road
is a road and it costs the same roughly in
Buller as it does in Auckland, and you've got no
rating base in Buller, but you do in Auckland. So
the road doesn't get fixed because you don't have the money,
because you don't have the rating base. So then you

(59:14):
kill off all the so called nice to habs like
your parks, like your sports grounds you're funding and you
cobble together all the savings from that, which comparatively speaking,
when it comes to infrastructures, next to nothing. So you
haven't raised an your money, you've killed off all the
community events, you haven't got the money for the infrastructure.
What are you left with? And in that actually he
makes a not unreasonable point, is my suspicion, which I
assume the government would reply, well, that's where these these

(59:36):
deals come in. And you can hook up with your
local council and you hook up with central government will
turn the tap on for some funding and we'll solve
a few problems that way. Now, speaking of problems everything
from America, the race to China to Europe aviation as well.
Richard quest next setting the.

Speaker 1 (59:54):
News agenda and digging into the issues the Mic costing,
Breakfast with Veda ret and Communities Life your Way news
talk said, be.

Speaker 2 (01:00:03):
It is seven past days in a troubled and busy
world with insights and valuable the courselves get about the
place of states, to Europe, to China, to the war
on a little bit of plain spotty. Maybe the book
Richard Quist and Quist means business and Quist's World of
Wonder on cn INN is with us from New York.
Very good morning to.

Speaker 3 (01:00:18):
You, are they Good morning? Your good afternoon, I should say,
from New York.

Speaker 2 (01:00:21):
Now I want to cover a bunch of bases with
you this morning if we could, the great Fed debate
what's your feel? What's the feel of the FID when
they move? Had they lifted too late? Have they managed
the soft landing? What's your call?

Speaker 3 (01:00:35):
That is a big question. The fact that they're going
to move in September, I think is beyond doubt. If
they did not move, then firstly they should all be
fired because they have led us down the garden path
believing that a rate cut of either certainly a quarter
possibly a half percent is on its way. And the

(01:00:56):
one rule is you don't lull the mark and investors
into a false sense of security. So the Fed has
pretty much set the stage for a rate cut later
this month. Whether they've left it too late will be
only something we can judge in the rear view mirror

(01:01:17):
it started. I mean, if you look at PMI numbers,
you look into the hood of the economic data, there
is strong suggestion that it is late and that I
mean a technical recession. Who knows, but people are hurting,
whether it's from inflation or a rise in unemployment which
is going up faster than they fed would like. Now,

(01:01:40):
there was a fine balance to be done, and it
is not clear that they got it entirely right.

Speaker 2 (01:01:47):
When I look at the markets on a daily basis,
and no one's looked looking closer than you. How much
of what's going on in the markets at the moment
of the fundamentals of the American economy reflected by the
global economy, and how much of it's just weird behavior
around things like in video.

Speaker 3 (01:02:01):
Well, you say weird behavior around in Vidia, but the
inn Vidia has become the bell weather for tech and
AI and therefore the ramp up in a video it's
still not one percent of the share price this year.
The issue within Vidia and with all those stocks is

(01:02:25):
whether the economic conditions, the trading conditions, can justify those
lofty valuations. Putting it crudely, Mike, are we back to
good old fashioned earnings per share. The share price is
a metrics of future earnings. Are we back to good
old valuations? And what is happening is not a crisis

(01:02:49):
allah global debt, or allah pandemic or the Great Recession.
It's not that crisis. This is the market doing its
proper due diligence and saying, you know, we thought in Nvidia, Cisco, Intel,
we thought the chip makers were going to do better.

(01:03:12):
The evidence is suggesting they'll still do well, but not
well enough to justify these prices. And this is a
long way sorry, go ahead.

Speaker 4 (01:03:22):
No.

Speaker 2 (01:03:22):
I was going to say, well, where did the geopolitics
of all of this fit into this? When I look
at a place like China, Canada, Canola Royal this week,
back and forth, the geopolitics and the uncertain nature of
the world, where do they fit into all with this?

Speaker 3 (01:03:35):
Well, they fit into it in creating the economic landscape
by which everybody's trading again. Put on the left side
of the garden fence, put Tech and Invidia on the
right side. Put a potential bigger slow down than was
expected in the US. Put problems and protectionism with China.

(01:03:55):
Put a US election where there will be tariffs. Whoever
gets elected problems in Europe and within the EU. Now
that creates a slowdown, which again means that you can't
justify these share prices, and it implicates the tech because
suddenly companies are not going to invest in tech and

(01:04:16):
AI like we thought they will. It's not it's not
a crisis, and it's not a very fast moving downward spiral.
But they are feeding into each other and that's why
there is this unease, this worry that's out there.

Speaker 2 (01:04:33):
You mentioned tariffs in the election. Generally speaking, where does
the election fit in.

Speaker 3 (01:04:39):
Good question? We know that tariffs are coming regardless of
who wins. If it's Donald Trump, they'll be broad based.
There will be a you know, across the board, and
they will be deep and painful. If it's Kanora Harris,
they will be more targeted against China. They'll be more
tip related, they'll be more tech related, they'll be more
protectionists in the sense in a sort of a tight,

(01:05:02):
a tighter sense. And remember Joe Biden did not remove
most of Donald Trump's former tariffs that he puts in place,
or former President tax on the economic front. We just
don't know how either of them are going to pay
for their plans. We don't know how Donald Trump is
going to pay for his tax cuts. We don't know

(01:05:22):
how Kamala Harris is going to pay for her increased
social spending. Nor, to be blunt, do we have any
idea about the ability the proprietary the simple common sense
of her price gouging policies which seem to make no
sense whatsoever, Dedan.

Speaker 2 (01:05:42):
We'll look forward to the debike tomorrow afternoon. Hold on there, Richard,
Richard quest out of seeing in more. In the moment,
we'll bring in the walls for you. Thirteen past ike.

Speaker 1 (01:05:50):
The mic Asking Breakfast Full Show podcast on iHeartRadio. Howard
by News Talks.

Speaker 2 (01:05:55):
It be news Talksiby Rod Little in the UK for
us in about twenty minutes time. Fifteen past eight Richard Quist.
Guess right, Richard. The wars, the complexity of them ties
in with the elections, of course, America's approach to the wars,
the finding of equipment, the cost of all of the
rising date, what changes if there's a change of president.
With Europe and the Middle East, I.

Speaker 3 (01:06:15):
Think the Middle East less. So Ukraine's going to be
the big one because if Donald Trump is elected, then
his ability and capacity to continue to support Ukraine is
very much in doubt now to a certain extent, though
US still will. It's a NATO will and NATO still

(01:06:35):
will do, but it will be a lot more painful
for Ukraine, and there willy serious questions on Gaza and
the Middle East. If Kamala Harris is elected, well, then
of course you've got problems of the progressive left within
the Democrats economically, because I think that's what you're talking about,
no real changes and less as an exogenous event that

(01:06:58):
would cause oil prices to rise or supply lines to
become disrupted. We are already, Mike adapting. I was talking
to the CEO of Mirth and they are already adapting
to the fact that the Red Sea might be out
of operation for quite some time to get from Asia
through up until Europe longer term. If there's an exogenous event,

(01:07:21):
if the wars get worse, if oil and other supply
lines become endangered, then I think you're looking at some
really serious economic problems.

Speaker 2 (01:07:30):
And then Richard, what about Europe and what we've seen
in Germany and whether what we've seen in Germany is
reflected more broadly in Europe and if it is, what
then for Europe.

Speaker 3 (01:07:39):
Well, let's just look at this, and you're talking of
course about the AfD and sort of the shift to
the right, and we saw it in Italy with the OED.
It's a couple of years ago, and we've seen it.
Of course, we've seen Victor Auban holding onto power, although
that is certainly less soon. But then you have Poland
where Donald Tusk came back. The European election, the parliamentary

(01:08:04):
results has given pause for thought. How President vonder Lyon
and the new President of the Council, and you know,
it's a measure of just you could ask most people
in Europe who the new President of the Council is
and even I can't remember his name just at the moment,

(01:08:25):
where without looking it up to just remind myself, you've
got to ask yourself what role this is all going
to play, particularly if Europeans are angry. Do you see
a week in fact in fac in fact, let me
just point out to you the say, the the the
haven of stability at the moment, despite all the problems

(01:08:48):
in the UK economy might be britten because the election
is out the way Kirstarmer is in is in number
ten and is likely to be We're a very strong majority.
So we've seen US bonds guilts radly, quite sharply because
the and in fact the demand for guilts in the

(01:09:08):
last bond auction dramatically dramatically outstripped supply because people want
to hold where those perceived to be stability.

Speaker 2 (01:09:17):
I was just going to ask about Takir Stama. I
can't work out what I'm seeing there. On one hand,
he's cutting heating to patroners, which seems a very conservative
sort of thing for a Libor government to do because
they haven't got any money. And then on the other
hand he's wandering into the back of the pub garden
telling you you can't smoke, which is a very progressive
Libor sort of thing. What sort of government are they?

Speaker 3 (01:09:34):
I think I would say, Sekire has got you exactly
where he wants to be, exactly. He would say, I'm
you know, I have policies and they are pragmatic policies
that I will follow as necessary with certain values. For instance,

(01:09:55):
the British government has today got to increase pensions by
more than the re of inflation because they have signed
onto and adhered to the so called triple lock. That's
very expensive for them. Does it make sense to remove
the winter fuel allowance economically? Probably does, Most pensioners didn't
need it. Why not make it means tested? But it

(01:10:18):
had become part of the fabric of winter for pensioners,
and for a labor government to take it away it
was just it was sordid and a little bit sleazy.

Speaker 2 (01:10:29):
Exactly, just an overarching thing to wind Richard, as an
observer of all of this for an extended period of
time and expert in the field, do you find the
world particularly interesting, weird and unusual at the moment or
are we sort of just getting a bit excited and
it's always been this way if you.

Speaker 3 (01:10:45):
Look economically, I think we're fine economically, bearing a moment
where we came from in twenty twenty with the pandemic,
I think we're just about fine. Some countries will grow
more than others. You know, the fact that we have
proven we can get rid of inflation. Arguably we should
never have had think we should have been more careful,
blah blah blah. You know, could I should have would have.
But the biggest worry has to be the war in Ukraine.

(01:11:08):
The potential worsening of the Middle East and expansion of
the Middle East war, and the Taiwan Straits and the
battle within you know, the battles that will happen in
Asia with China. Those have the serious potential to just
completely literally blow us out of the water. Whyder issues?

(01:11:32):
Might if I give you one sort of post summer
here as you thought, why theer issues? How we're going
to deal with social media and AI You know, how
do we teach a generation that what they see might
not be accurate and fair and true, what they hear
might not be the real thing to their ears, and

(01:11:55):
what they're being told they're going to have to take
with a pinch of salt. How do we tell people
who are skeptical, cynical and downright disbelievers to believe Mike
Hoskins because he's been doing it more years than he
is honest, he knows what he's talking about, And to
believe rich request because he does know what he's talking about,
and they are not just shills if you will, of

(01:12:17):
Corporate America or New Zealand or whatever.

Speaker 2 (01:12:20):
When you get the answer, let us know and we'll
award you the no bell.

Speaker 3 (01:12:25):
When I get the Answer'm keeping it to myself.

Speaker 2 (01:12:27):
Man nice to catch up Richard Quest out of CNN.
It is eight twenty two.

Speaker 1 (01:12:33):
The Mic Hosking Breakfast with Dailey's Real Estate News Talks
there be.

Speaker 2 (01:12:39):
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is a twenty six pasking a little bit of solar
work that I've been reading about, and so this is
this big gap. We're all panicking a while ago. A
couple of weeks ago, it didn't rain and there was
no water in the lakes, and what are we going
to do? And the gap wasn't there, and the renewables
weren't working. There's one hundred and forty seven I'm reading
one hundred and forty seven solar, wind and geo thermal

(01:14:07):
projects that have been announced. If every solar or wind
farm that was announced got built, we would have more
renewable energy than we knew what to do with. So
there's two points to this that are important. As far
as I can work out. Point one, announcing is not doing.
It's a very labor party. So just because you've anounced
you're going to build something doesn't mean you are. Next question,

(01:14:30):
once you've raised all the money, and I'll give you
some of these numbers after eight thirty. Once you've raised
all the money and you've built all the stuff you
want to build, do you not then have over capacity?
And the people who invested in the capacity realize they've
got over capacity. Therefore the returns are not going to
be anything like they thought they would be. Because you've
permanently got more demand than supply or supplied than demand.

Speaker 1 (01:14:54):
You're trusted home for News for Entertainment's opinion and making
them my cosking for first with the Jaguar f phase
cut from a different clath News togs D.

Speaker 2 (01:15:05):
Don't we return to the business of renewables. So one
hundred and forty seven solar wind and geo thermal projects
have been announced, right, so if every solar wind farm
was got built, we'd have more than enough so problems
would be solved. The electricity authorities Generation pipeline has got
ten thousand gigawatt hours of new supply. They're being actively
pursued out to twenty twenty six, equal to between a

(01:15:27):
quarter and twenty percent of the country's entire power consumption,
but less than a fifth of that was fully committed.
So there's your major problem. The major problem is we
talk about it, we don't actually do it. Wholesale prices
looking forward suggested that shortages are going to happen again
next winter. Is why I raised this because we've just
gone through this angsty. There's a big meeting today by
the way, the Windstone people are meeting, and you know,

(01:15:50):
we wish you the best, but you know, Lord knows
what's going to happen out of all of that. So
we've got a problem. Now, We've got a problem next winter.
We don't seem to be doing anything about it. There
is an enormous pipeline of possible projects. Stu pended that
I'm quoting an expert. He are stupendously large. A boom
since the start of twenty twenty three saw enough renewable
electricity added to power seven percent of the country's consumption.

(01:16:13):
So that's just since twenty twenty three, rooftop solar installation
on individual buildings, that's our houses. That's almost doubled in
the previous year as well, So we're starting to get there.
But my question, apart from the fact we're not building enough,
is when we build too much, then what happens and
all that investment that isn't used, isn't needed, what happens

(01:16:34):
to the investment in the returns on that? Twenty two
minutes away from.

Speaker 1 (01:16:37):
Nine International correspondence with Ends and Eye Insurance Peace of
Mind for New Zealand business to.

Speaker 2 (01:16:43):
The UK, we go Ron Little very good morning mate,
Good morning.

Speaker 15 (01:16:45):
To you mate.

Speaker 2 (01:16:46):
How's the video going down in your particular part of
the world?

Speaker 15 (01:16:53):
Sorry say that again, I missed that. The Cape video?

Speaker 2 (01:16:57):
Yeah, the Cape video. How's it going down in your
part of the world.

Speaker 15 (01:17:02):
Well, it's difficult, it's going down very well. And the
kars Damer has wished Kate all the best and hope
she recovers from cancer very quickly and is glad sheallys
through her chemo and most people, what all people assume
would would think the same thing. But there is the

(01:17:23):
question that's been raised, I suppose over here is that
we were never really told and there's no great reason
why we should be the very very seriousness of this
illness right at the outset, and it was held from
the public for quite a long time, and it clearly,
given the course of treatment, given the state that Kate

(01:17:44):
is now in, was a rather more grave case of
the illness than we had we had expected, and obviously
everyone now wishes for the best. She's made a couple
of public appearances, she's said that is going to do
a number of light appearances in the next a few months,

(01:18:05):
so she's clearly enough back to full speed, and she
said she's going to focus on recovering and preventing cancer
from coming back. But it must have been an appalling
time for her. She says, you know that it has
been incredibly tough for this last nine months, and of
course nine months takes us back really to slightly before

(01:18:27):
we knew anything was wrong, and I'm sure it has been.
And all one could do is just wish her every
best wish in the world.

Speaker 2 (01:18:38):
Couldn't agree more, and given that we don't know what
we were dealing with, and cancer is a difficult thing
at the best of times. She does look at I
think she looks remarkably well, doesn't she.

Speaker 15 (01:18:48):
She looks incredibly well, given that this was one is suspected,
one suspects a quite advanced stage of cancer, and that
she has undergone this treatment and that she is now
focusing on banishing the cancer from returning. Yes, she does
look very well, and she's looked well on the couple

(01:19:10):
of public appearances that she's made in the last month
or so. But it has been a terrible time for
the royal family, you know, with the kiding himself suffering
from cancer and we don't know how well he is.
It seems to be slightly less serious in his case.
And then in the background the troubles murmuring on with

(01:19:35):
Harry and Meghan in the States, and that issue never
really resolved and I don't think it ever will be.
And of course the question of that large oath Andrew,
who seems to have been given his addition noticed by
the King.

Speaker 2 (01:19:52):
Yes, exactly what I mean. This thing has gone on
for months. I mean, does he ring Andrew up and
go by the way you can't stay by the way
I've seen the peckers around. I mean, and he just
what locks the door and refuses to leave.

Speaker 15 (01:20:06):
I think it's something like that, you know, Andrew lives
in the Grand Lodge in Windsor. Windsor has its castle
of course where the important people stay, but there are
also it's kind of like a center parks for royals.
There's various other little kind of outlets where they all
hold up. And he's got this lodge and has been

(01:20:28):
told he's got to get out of it or pay
the costs. And assume I assume the King has acted
precipitously now to say you are out in order not
to fall foul of the Labor Party for the Labor
Government's new Charter on rented accommodation, which comes into effect
quite soon and will banish people like King Charles from

(01:20:52):
evicting people from their own as if they're lodgers.

Speaker 2 (01:20:57):
Right now in Sport League cars Lee last night I
saw of this was leading into the weekend. I think
from memory he wasn't going to sing. I take it
he didn't sing. Has he been sacked, hung drawn, courted?
What happened?

Speaker 15 (01:21:09):
He's been sacked, hung drawn and courted by the Daily Mail,
but not by anybody else in the country, I don't think.
And his passion is his passage to becoming England manager properly,
his only interim at the moment has probably been helped
by stuffing Ireland to literally have been about five or six.

(01:21:30):
He kept his lips very firmly sealed. And it's just
such a quirk of fate that he would his first
job as England manager be brought up against the team
Ireland for whom he played forty times, because he is
Irish by dint of the fact that I think he
once got a postcard from someone who lived in Cork

(01:21:51):
and that hippy is about it. It's ruffled fewer feathers
than he would have thought. There is a sort of
out rage on the far right and amongst the and
of the day, within the Daily Mail. You know this
man shouldn't be But we've had managers before Fabio Capello
who did murmur during the national anthem, but god knows

(01:22:14):
what he was murmuring, and Senor and Ericsson who perhaps
whistled the national anthem as he was sort of squiring,
or Rika Johnson around town. But you know it is
it seems to be an absurdity that you would expect
an England manager to sign up to everything, and especially
to an anthem scribbled down in seventeen forty four by

(01:22:37):
anonymous peoples and which has got words with which no
one today would properly agree with.

Speaker 2 (01:22:43):
All right, Mike, we'll catch up those. I appreciate it,
Ron little. I'll get to the COVID inquiry which has
begun there today in just a couple of moments. A
bit of scandal around that.

Speaker 1 (01:22:51):
Eight forty five the mic Asking Breakfast Full Show podcast
on iHeartRadio.

Speaker 13 (01:22:57):
Howard By News.

Speaker 12 (01:22:58):
Talks at be.

Speaker 2 (01:23:00):
They're up to of COVID in the UK Public Inquiry,
ten weeks of hearings looking at the impact on patients,
health workers in the wider RENHS, which is interesting. But
at the same time there's an anti corruption charity. Theyvidedifed
significant concerns and contracts worth over fifteen billion pounds, so
let's call it thirty billion New Zealand dollars equivalent to
one in every three bucks spent. It's extraordinary, isn't This

(01:23:24):
is Transparency International. They found one hundred and thirty five
high risk contracts at least three red flags with at
least three red flags, so it wasn't ye three red
flags and you've got these contracts. Twenty eight contracts worth
eight billion dollars went to firms with non political connections.
Fifty one worth eight billion dollars went through a VIP

(01:23:47):
lane for companies recommended by MP's and pers a practice
the High Court ruled unlawful. They analyzed five thousand contracts
for red flags in total. So that's got scandal written
all over it. Speaking of watch and I did have
I'm to raisers with the Prime Minister, but I will
do it another day. There is a suggestion that Part
one of our COVID inquiry, which comes to a culmination

(01:24:07):
conclusion in November before Part two begins, is that the
government are going to get that report and they're going
to hold on to it, not release it publicly until
I've got something back on Part two, which is towards
the election, which I find deeply concerning. This is either
a transparent government or it's not. This is either a
transparent public inquiry or it isn't. And to get hold
of a report to hold on to it not really.

(01:24:27):
It means nothing wrong with holding it for a month
while you read it and pass it around your mates
and do all that sort of stuff. But I mean
to hold it until the next part's done. That that
doesn't seem right. To me. So that's a conversation for
another day. How excited are you about Apple and iPhone sixteen?
You're bit excited about this or a wee bit past
this sort of this revelationary, revolutionary. Look at the new
colors I've got for you. I have some information on

(01:24:48):
today's I was going to say big event, but it's
not really a big event, isn't. I mean, it's a
big event, but as far as events go, it's not
the event it used to be. Am I babbling just
a little more. In a moment ten away from nine.

Speaker 1 (01:25:00):
My costume breakfast with our Veda Retairement, Communities news togsad
be just.

Speaker 2 (01:25:05):
And sadly, James L. Jones has passed away. Darth Vader,
of course in Star Wars, won three Tony's, two Emmys
and a Grammy Award, and probably more well known for
this is CNN. He was ninety three. The cause of
death has not been announced at this particular stage. By
the way, just it occurred to me. I didn't raise

(01:25:26):
it with Road because it didn't have time. But I
told you about Hamilton and Wellington being done greater credit
wise because they've got so much debt. Announced by Unison,
the United Kingdom's largest trade union, overnight that a bunch
of councils basically are on the verge of collapse in Britain.
They owe collectively about eight billion dollars. They don't have it,
they show no signs of having it, and so seemingly
councils and various parts of the world don't know how

(01:25:47):
to run the books. Probably, Oh my lord, it is
seven away from nine.

Speaker 13 (01:25:51):
Trending now with the Square House, the home of big
brand cosmetics.

Speaker 2 (01:25:56):
Now, when I say events, it wasn't a big event.
It was a big event because it's been built up
to and everyone went, oh my god, it's an Apple event.
But they don't have the event, so I don't realize
they didn't have events anymore. No one turns up, no
one doesn't anything. It's just a pre recorded thing and
Tim goes, hello, here's what we've got anyway, first time
ever it's happened on a Monday, because it's Monday in America,
they think, because they want to avoid the debate tomorrow,
which means they wouldn't get any headlines. It's the sixteen,

(01:26:18):
the iPhone sixteen, but it's glow up time, which is
what they calling it because SyRI now lights up when
you use it. That's booster bi Apple Intelligence. Anyway, he's him.

Speaker 8 (01:26:29):
Today, we have exciting announcements to share about Apple Watch
and air Pods, and we are thrilled to introduce the
first iPhones designed from the ground up for Apple Intelligence
and it's breakthrough capabilities.

Speaker 2 (01:26:44):
Fantastic ten A series ten Apple Watch thinnest EBB. We've
got a sixty new color for it, jet black. Oh my.

Speaker 9 (01:26:54):
It's our first ever polished aluminum finish for Apple Watch.
The case is made from our durable aluminum alloy and
polished using silica nanoparticles until the surface achieves a reflective shine.

Speaker 2 (01:27:08):
You laugh, but when you see it, I do laugh.
I do laugh.

Speaker 10 (01:27:12):
I mean you've brought some pretty weaky looking watches in
your toe.

Speaker 2 (01:27:15):
That is true. You can also get it in titanium.
You can go another step and you can get an
Apple Watch Ultra two. The Ultra two came out last year,
saying isn't the Ultra two alreadyet Yes, it is. You
can also get that in black as well. We've got
AirPods AirPods four, which come with better sound voice isolation
for phone calls. You cannot and shake your head to

(01:27:36):
communicate with Siri, who presumably lights up at the same time.
Does she light it when you're not or shake? You've
got noise cancelation on the EarPods four as well. They've
also relaunched the EarPods Max. These are the headphones. They're
not new either, but they do have new colors, possibly
polished inside titanium or not. We don't know that part.
You can now charge it with the USBC d usbe

(01:27:59):
it does all the us is incredible. Then you've got
the EarPods Pro two with the soft ear tips. So
that's a bunch of software upgrades there are very very
helpful with ear health apparently. So you're saying, do we
have a phone, Yes, we have a phone. It's the
iPhone sixteen, the base model up new, exciting larger size

(01:28:23):
sixteen plus got two new buttons.

Speaker 19 (01:28:25):
iPhone sixteen now has the customizable Action button, allowing you
to perform a variety of functions with just a press.

Speaker 4 (01:28:33):
The camera control.

Speaker 19 (01:28:34):
Provides instant easy access to the camera with just a
click action button.

Speaker 2 (01:28:41):
So the action button was on last year's Pro model.
Of course, the camera control is completely new. The sixteen
Pro and the Pro Max. They are bigger than ever
and yes, yes they come in a tougher titanium finish,
total redesign from the ground up on some prices. Let's
go for some prices. The Apple Watch ten starts at

(01:29:04):
seven forty nine. The Airpod's four start at two forty nine.
Your basic iPhone sixteen one thousand, five hundred and ninety nine.
But you're a loser if you want the iPhone sixteen
based model. What you want, of course, is the Promax. Now,
the Promax is the same price as a used car.

(01:29:25):
So you either want a car or you want a phone.

Speaker 18 (01:29:28):
And I think we all know that we'd prefer phone
right three.

Speaker 2 (01:29:33):
That's right, three thousand, one hundred and ninety nine glorious
New Zealand dollars.

Speaker 9 (01:29:40):
It's with a terrifyt of storage that you're getting at
a desert titanium Back.

Speaker 2 (01:29:45):
Tomorrow, Happy Days.

Speaker 1 (01:29:48):
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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