Full Show Podcast: 11 February 2025

Episode Transcript
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Speaker 1 (00:00):
New Zealand's home for trusted news and views. The Mike
Hosking Breakfast with A, Veda Retirement Communities, Life Your Way News,
togs head by.

Speaker 2 (00:10):
Welcomed us, an investment Summit, an economic recovery. Make the
world apparently is heading our way. Three poles that tell
roughly the same story. And if you're the government, it
ain't happen. Reading New Zealand first, and they wont banking
laws taking another step forward. Ben Elton in for catch
up after rape. Catherine Field in France, Rod Little in
the Greatest of Britain. Lasky, Welcome to the day, seven

(00:30):
past six The Morning Star. KIWI Saber results were out
last week. Now this is the turns out. The biggest
provider's not very good. This is A and Z who've
got twenty two billion of our dollars under their care. Now,
over the past year they came in eighteenth in Conservative
funds twenty first and Moderate, thirty second in Balance twenty
five and twenty six and growth sixteenth in Aggressive. Obviously,
one year is not a hopeless scenario. Make, but over

(00:51):
the past ten years are they any better? Twelfth for Conservative,
sixth for Moderate, fourteenth for balanced tenth for growth. Now,
this wouldn't be an issue if the owners of those
twenty two billion dollars had any idea what was up.
But as Colonel Wealth said, in a way only a
competitor could say, a continuation of astoundingly poor results will
take that an Z. I assume they're concerned. I assume

(01:12):
they take the stuff seriously. I assume they want to
do better. But here's your real issue, Kiwi. Saber has
been a shamble for too many of us for the
simple reason we don't seem to care, or we don't
seem to know because we don't seem to care. Now,
the default aspect, for example, what a joke. An astonishingly
large number are in default accounts because we couldn't work
out where to put the money. And although there should
be an avalanche of phone calls to people like A

(01:34):
and Z and all the others for that matter, who
perform similarly, there won't be. There's no shortage, of course,
for people out there who can handle your money so
much so, as much as you think you know, you
want to wonder allowed just what it is that day
and Z does to make it perform so badly you
can equally ask how come they're the largest holder of money,
and given their performance, why hasn't there been a stampede
for the exit. So part of the I guess part

(01:56):
of the thinking is the old put it away and
forget about it mentality. But that's money left on the table.
How much better off could you be? Would you be
if you were more interested and more active for a
country that has a brewing, if not present, superinnuation affordability crisis.
I would have thought we would be a little more
interested in solving our own problems. But the numbers would
seem to suggest mediocre, if not bottom of the pack,

(02:18):
is fine for many.

Speaker 3 (02:21):
News of the world.

Speaker 2 (02:22):
In ninety seconds, couple of stars at the Super Bowl.
One got booed, one did an interview before he turned
up and got cheered.

Speaker 3 (02:28):
I would own this.

Speaker 4 (02:30):
Think of it as a real estate development for the future.
In other words, I'm talking about building a permanent place
for them, because if they have to return now, it'll
be years before you could have It's not habitable.

Speaker 2 (02:43):
It's still the rivieras banging on about on his way
to New Orleans by the way on Air Force one,
he was giving up details sort of of that phone
call with Putin over the war. I know you don't
want to tell us about your conversation with President Putin.

Speaker 5 (02:54):
Where can you clarify whether you had that since you've
been since you've been in office, or whether it have
before you became.

Speaker 6 (03:00):
I've had it.

Speaker 4 (03:01):
Let's just say I've had and I expect to have
many more con reces.

Speaker 2 (03:06):
The long time. After the game, one of the stars
on the field, the Philadelphia quarterback Jalen Hurts, was his
usual low key bed.

Speaker 7 (03:12):
So offense was able to score points, to take advantage
of opportunities, you know, just enough to.

Speaker 3 (03:18):
Put points on the board.

Speaker 2 (03:19):
And then defense.

Speaker 7 (03:20):
Defense played if they played how they played?

Speaker 2 (03:23):
Are you you know?

Speaker 7 (03:24):
And I truly believe offense wins game, but defense won championships.

Speaker 2 (03:27):
And then in Britain, are they are flat out? There's
morning one distancing themselves from that plunk of the government
head to set yesterday.

Speaker 8 (03:33):
People can be assured that the Labor Party maintains very
high standards where it comes to what we expect of
our candidates, of our members of Parliament. And you will
have seen all for the weekend, the Prime Minister taking
swift action.

Speaker 2 (03:44):
There's a second one guy called Oliver Ryan. He's just
been suspended moments ago as well, so there's two of
them now, So Lucky Rod's on later too. What else
are they doing with? Yes, farmers. Farmers once again hit
the streets to protest their applight.

Speaker 9 (03:54):
Between substage whether commodity prices, input prices in government and
a complete change of policy towards the countryside has now
left us in some severe diastrate.

Speaker 2 (04:07):
And then three at the Church of England get together
their well. Recent events are weighing heavily.

Speaker 10 (04:11):
I want to share with you how deeply I believe
in and love the Church of England, and I want
to tell you about the change that I believe we
must make, as well as my part in that during
this coming year.

Speaker 2 (04:27):
Finally, also in a clearly troubled Britain, we've got the
price of a fredo. So if you want then inflation
story fridos. It relaunched in nineteen ninety four, it cost tenp.
By twenty sixteen it cost you twenty five p. Now
there are some stores selling a frido for a quid,
so if you want one here by the way, Kmart
and the Warehouse sell them for a buck twenty five,

(04:48):
which is fifty seven place, so they cheap Frido's in
this plat of the World's News of the World and
bed Chocolate night. Aluminum as they call it, twenty five
percent on Air Force one yesterday at steel and aluminum.
We do aluminum in this country, not much of it,
but a bit, so that'll affect us. And there's more coming.
Reciprocal tariffs are coming later on this week. Meantime, I
note that Egypt is announcing they're hosting an emergency Arab

(05:11):
summit in a week or so. It's time to discuss
quote unquote new and dangerous developments are this Gaza, the
riviera of Gaza has infuriated the Arab world, Egypt, Jordan,
Saudi Arabia, Infira. I thought Trump said everyone liked it,
clearly not twelve pass six.

Speaker 1 (05:29):
The mic asking Breakfast Full Show podcast on iHeartRadio fow
it by News.

Speaker 2 (05:35):
Talksb scandal in Canada and you don't hear that often,
Buffy Saint Marie. And there's a name you don't hear
that often either, but you remember her anyway, she became famous.
She wrote to up where we belong Apart from other things. Anyway,
she was given the Order of Canada back here in
nineteen ninety seven. It's the highest honor you can be
given by your country. She got it stripped the other day.

(05:57):
Apparently for all the work she did with the indigenous
people who are indigenous backgrounds, you made it all up.
So they pulled up in fifteen. Make a lot of
money one day. Jmi Wealth Andrew Keller Hurt, Good morning,
very good morning, Mike Lax might be right. I mean,
there's if you look at this bond tender, there is
money out there, like there is no Tomorrow's plenty of
money to park up around the place, isn't there?

Speaker 11 (06:18):
Yeah?

Speaker 12 (06:18):
Absolutely, I thought I should highlight this, Mike. This week
we get an update of the state of the government
books that's for the six months to the end of December,
and we we would assume that these numbers will confirm
the you know, the weak state of the government books
at the moment. That was all signaled in the half
year Economic and physcal update which was released in December.
We all listened, and then most people just kind of

(06:40):
move on, don't they. But there is a real consequence
because you've got to balance the books. It's like your
own bank account. You have to fund it somehow at
some point. The end result of the government needs to
sell more bonds. And this is Mike, this is an
ongoing process. They're doing it the whole time. But yesterday
the New Zealand Debt Management Office launched a tender, a
big tender.

Speaker 13 (07:00):
This is called a syndication. So they raise a.

Speaker 12 (07:02):
Minimum of three billion dollars and this is for twenty
thirty five government bonds, so tenure government bonds.

Speaker 13 (07:08):
Now they tend to bonds on.

Speaker 12 (07:09):
A weekly basis. Might but that they need so much
at the moment that this flow is topped up by
what I said, what are called these syndications where they
sell a big lump of bonds in one go. So
yesterday minimum of three billion, a maximum of six billion.
Now I raised this because one of the concerns raised
was what would the demand look like for our government

(07:29):
debts with the increased amount that they have to actually borrow. Well,
I think we can be reasonably comfortable, Mike that that
demand doesn't appear to be an issue. For the record,
it looks like however many in a billion are raised today.
It'll be raised at an interest rate of approximately four
point six percent for ten years, So that's four point
six percent per.

Speaker 13 (07:50):
Annum for the next decade. Now, the tender doesn't close.

Speaker 12 (07:53):
Until this morning, but audo books at the moment I
believe are well in excess of ten billion dollars. So
there's plenty of interest, Mike. Lots of people are happy
to invest in JW zone. The only thing we don't know.
I think one thing there is a little bit of
uncertainly about is whether this ongoing kind of large amount
of government that being sold will tend to crowd out
other entities trying to raise debt or other entities trying

(08:15):
to issue bonds out He's on at some level, does
it push up their cost of borrowing that will only
become evident over time.

Speaker 2 (08:21):
Very good point. Then we get to the aluminum and
the twenty five percent, and there we're in tariff country.
So where does all this go?

Speaker 12 (08:27):
Yeah, I want to talk tariffs again because we're This
is time to hit it close to home, isn't it, Mike.

Speaker 13 (08:32):
I mean, this is the.

Speaker 12 (08:33):
Latest iteration of what I call Trump's tortuous tariff tirades.
So they've announced twenty five percent import tariffs on alumen
and still aluminium and still entering the US. That is
to be followed by reciprocal tariffs on Tuesday and Wednesday.
So those are tariffs that will target countries that place
imposts on US exports.

Speaker 13 (08:54):
Going into other countries. So sort of tip to tat.

Speaker 12 (08:57):
Now my mw ZUM does export aluminium to the US,
but not in large quantities. This is though an important
issue for Australia. So the comments that have made is
it's highlights that we will get caught up in this
tariff trade war at some point. From a market point
of view, though, Mike, markets now have to react to
what appears to be a potentially continually changing environment.

Speaker 13 (09:20):
And I don't know what.

Speaker 12 (09:21):
You think, but there's sort of a theme developing here,
isn't there around this whole negotiating tactic. You sort of
get this initial salvo, think back to last week with
Mexico Canada. That then then you get to disconnect with
what's sort of actually implemented and it creates all this uncertainty.

Speaker 13 (09:36):
You know, what does all this bargaining look like? Well,
I read an analysis date might you might like this?
This is Trump negotiating tactics. This is what he does.
You initially you anchor the topic.

Speaker 12 (09:46):
With extreme offers, you have this relentless framing of outcomes.

Speaker 13 (09:50):
We're going to get richer, We're going to get stronger.

Speaker 12 (09:53):
You create perceived urgency, you know this is going to
happen by Tuesday or Wednesday next week, and then you
leverage off that unpredictability, and you use all these public
platforms social media, TV, etc.

Speaker 13 (10:05):
As leverage there.

Speaker 12 (10:06):
So we've talked about this creating volatility. The one thing
I want to point out about we were going to
see more volatility under Trump.

Speaker 13 (10:13):
If I look at the volatility index.

Speaker 12 (10:16):
Of the share markets, it's actually been quite benign me
since the beginning of January.

Speaker 13 (10:21):
So we actually share.

Speaker 12 (10:23):
Markets at the moment appear to be handling and we're
not quite seeing the volatility that I thought we might see.

Speaker 2 (10:29):
I think because we've seen it before.

Speaker 12 (10:31):
Now, what are the numbers the Dale Jones at the moment,
I'll call it pretty flat. It's up twenty seven points
forty four thy three hundred and thirty. The S and
P five hundred is up just over half of half
a percent, So this.

Speaker 13 (10:43):
Is despite the tariff talk.

Speaker 12 (10:44):
It's up thirty three points six thousan fifty eight and
the tech companies are bouncing back a little bit. In
video bouncing back, It's up point nine percent one hundred
and seventy nine points nineteen thousand, seven hundred and three overnight.
The fourteen one hundred gained three quarters percent eight seven
six seven the clothes. There relatively little change in the
NIK thirty eight thousand, eight hundred and one Shanghai composite

(11:06):
up just over half percent three thousand, three hundred and
twenty two. The Aussis yesterday lost a third of percent
eight four eight two was the closed in the A
six two hundred, and we lost er point two percent
on the NZX fifty twelve thousand, eight hundred and seventy
six ki wei dollar against the US point five six.

Speaker 13 (11:23):
Four six point eight nine nine eight.

Speaker 12 (11:25):
Against the Aussie point five four seven nine euro, point
four five six two pounds eighty five point six eight
against the Japanese en gold. Mike continues to rally two thousand,
nine hundred dollars now and break through seventy five dollars
and ninety.

Speaker 2 (11:39):
Three well see tomorrow Andrew callaher Jomiwealth dot Co dot
m zsk JB high five come on in first half
of the financial year. This is New Zealand as well.
The New Zealand division total revenue up twenty percent. This
is retail. This is fridges and big ticket items. Largest
regional growth within the JB high by whole groups and

(12:01):
New Zealand going gangbusters gross profits up twenty two percent.
Divisions gross margin up thirty three points to seventeen percent.
Big ticket items were the big sellers. Largest growth in
online sales up from twelve percent to fifty eight percent.
They're targeting five new stores across the financial year. Two
stores already open. I mean, you can't be doing much
better than that. For goodness save what recession? What cost

(12:22):
of living crisis? Six twenty two, He refused Talk.

Speaker 1 (12:25):
SVB good the Mic Hosking Breakfast Full Show podcast on
iHeartRadio powered by News Talk.

Speaker 2 (12:35):
Set B Morning. Mike, did you know you can only
have one KEI SAB provider, but as many fund managers
as you want? I did know that. Actually, ninety nine
point nine percent to qisaver has got no idea. It's
called multi manager investing. Its the future of key we save.
I hope you're right, Martin.

Speaker 3 (12:47):
Mike.

Speaker 2 (12:48):
Total qisaber assets less than five percent of the total
net household assets, all assets held households, et cetera. Perhaps
that may help explain why an Z's poor performance doesn't
seem to matter. Thank you, Michael, appreciate that you might be.
But just because your house is necessarily going up in value,
do you think I'm wealthy? I don't need keyisab or
if I do have a house. Therefore, my kisaber can
do whatever it wants. It doesn't really matter. Twenty five pass.

Speaker 1 (13:10):
Six trending now with chemist Well's keeping Kiwi's healthy.

Speaker 3 (13:15):
All year out.

Speaker 2 (13:16):
Super Bowl Eagles killed the Chiefs all over by halftime
tailor got booed. Travis apparently, we are told, felt helpless
when he heard that booming. He was on the so
he just felt helpless. Halftime show Kendrick Lamar did perform
the song. Everyone wondered whether he would or not, but
he dropped the offending lyrics. It also featured a William's
sister and Samuel Jackson. Also Scissor broadly panned as being
flat of not the worst show ever. I didn't think

(13:37):
it was the worst show ever. But you couldn't sing
along to him, And that's the problem with rap. You
can't sing along to rap, asked Buffy Saint Marie. I
mean that's stuff you could sing along to anyway. We
also heard this, which you can sing along to.

Speaker 14 (13:50):
Yeah, you see Bay the dogs.

Speaker 6 (13:57):
Lies?

Speaker 13 (14:00):
What's so cradly?

Speaker 2 (14:03):
You reckon? You listened to Chris Stapleton and he thought
I'll mix it up except with piano just twisted. Lastly,
seven time Grammy winner Louisiana state native John Baptiste, here's
the house band for the Stephen Colbeer Show.

Speaker 15 (14:19):
I don't understand why they don't just get Chris Stable
to do it every time. It's like, why wouldn't you
just get Billy Cristal.

Speaker 2 (14:26):
That's why I do the show every day. They heard
it the first time? More where that came from? Please?

Speaker 15 (14:31):
I mean that's more of a case. You can't find
anybody else to do it.

Speaker 2 (14:34):
And the hours are crappy. He's not that good.

Speaker 15 (14:40):
What did you make the false ending though?

Speaker 16 (14:42):
On this.

Speaker 6 (14:44):
Last love the.

Speaker 2 (14:55):
Crap?

Speaker 15 (14:57):
Yeah, just get Chris Staple to the dirt every time.

Speaker 2 (14:59):
Every time you heard it? Here first, Shane Jones on
Wope Banks after the News, which is next.

Speaker 1 (15:05):
To setting the agenda and talking the big issues, the
mic costing Breakfast with the Range rover villa designed to
intrigue and use togs head be bit of.

Speaker 2 (15:16):
The surf this morning, Mike. The recent pols showing the
left block ahead a very concerning. It will, no doubt
how a negative impact on business and consumer confidence. The
silver lining is the change rocket. It will put up
Luxon and co. So we'll see. We'll come back to
the numbers and crunch them for you in just a
couple of moments. Twenty three minutes away from seven Jdvarnce
is in France and we'll talk to Catherine Field very
shortly on that. And X have got major problems. So

(15:39):
cyber crime probe into that particular company in that particular
part of the world. Anyway, that's still to come. Meantime.
New Zealand first moving forward on their banking bill that
will prevent banks from refusing services based on social or
environmental grounds. This is the woke bank law trouble as
it needs to be pulled to move forward. The Resources
Minister Shane Jones is back with us on that's very
good morning to you.

Speaker 17 (16:00):
Folks.

Speaker 2 (16:00):
I didn't realize that it didn't have government support. Do
you have government support of a got pulled?

Speaker 14 (16:08):
You may recall the Finance Minister said, if the bill
is pulled and they will certainly look at it, but
I think there's probably a growing level of support.

Speaker 17 (16:18):
That we're going to get out of our own way.

Speaker 2 (16:20):
Mate.

Speaker 17 (16:20):
This bill is premised on and understanding that New Zealand
is currently burdened by a whole bunch of regulations and
headwake costs from previous administrations, but particularly offensive part that
afflicts the banks actually comes from the climate reporting obligations
imposed in twenty twenty two, and this week bill as

(16:42):
an attempt to free the banks from those obligations, because,
as Charlie Buffett's sidekick said, show me the incentive and
I'll show you the outcome, and the incentive of all
these climate reporting obligations has actually driven the banks into
this word territory.

Speaker 2 (16:56):
Chris Luxon on this program last week agreed with you wholeheartedly,
but doesn't seem to be in favor of law. Can
he do it just by jaw boning the banks out
of it? Or do you think you need law? Now?

Speaker 17 (17:07):
The power of the New Zealand based banks is in Australia.
The Australians do not have this regime. This was the
conceit of the de in covenment, believing that they could
outsource the responsibility of stopping China building them by the
Coldtar power station by imposing costs and banks who are
passing them on to farmers and miners. So we've got

(17:28):
to deal with this ideological bump fluff and if we don't,
we're condemned to bear these headway costs driven under the
cover of climate and the country just part.

Speaker 2 (17:37):
Apported me this is true. Having said that. The counter argument,
apparently in Claire Matthews, was on from the university this morning.
They say it's not about climate, it's about de risking.
They don't want to get involved in businesses that are dying,
that aren't profitable, and that's the decision of any bank.
Is that fair or not?

Speaker 17 (17:52):
Well, the bank's had to assess the credit worthiness of
an applicants, but don't talk to the farmers. When was
it the bank's job to ascertain how much of an
emission problem each cow represents and how businesses, by the way,
are selling legitimate goods and services internationally should be closed
down by the luxury breefs. Now, Massi University has always

(18:15):
trotted our banking experts to themselves are disciples of workism.

Speaker 2 (18:21):
Do you reckon you've got the numbers if it gets pulled,
because that would be the worst thing that could happen
to you, isn't it.

Speaker 17 (18:28):
Well? I believe I've got the numbers in two ways.
And number one, I've certainly got the numbers in Parliament
to gut the energy settings of the New Zealand power sector,
and I'm giving a speech about that very shortly. And secondly,
I genuinely believe that even Labor realizes that they went
too far on all of this climate hysteria. Now I know,
as I've said that brings they're going to campaign on it.

(18:50):
But we are be set by a set of regulatory
impositions that the country can no longer afford. We cannot
stop Russia stopped India, we cannot stopped China starting another
coal five power station. They used more coal than twenty
twenty four than any other year. And elise the idea
of og book conceit New Zealand has cam afford the

(19:12):
same experiment made.

Speaker 2 (19:13):
Nice to talk to you appreciate it. Shane Jones, Resources Minister.
Of course, ninety minutes away from seven skiing is of
course correct because the article you should readers in SENBC.
The world isn't close to breaking free from coal. Demand
for it is surging. US exports of coal have been
rising steadily. The global shift away from coal remains challenging,

(19:33):
driven by rising demand in Asia. This is from the
Global Energy Monitors Global Coal Mine Tracker. World's coal capacity
reached a new record high of nearly two thy one
hundred and seventy five gigawatts last year. China Its coal
imports have surged fourteen and a half percent to a
record high last year five hundred and forty two point
seven million metric tons, accounting for more than fifty six

(19:54):
percent of global demand in twenty twenty three. Hydro power.
That's when solar, all of that sort of stuff. Thirty
percent of chin is electricity mix thirty percent, so you
know where the rest is coming. Another major barrier is
not the availability of renewable energy infrastructure, but the difficulty
of transmitting solar and windpower across provinces. Coal will continue
to be a critical energy backbone in China until grid

(20:17):
integration and management is fully developed across the entire country.
In India, extreme heat has led to soaring energy demand
for cooling. Clean energy sources are not built fast enough
to make the country's growing power mard like that or not,
that's your reality, and that's what Jones is arguing, and
on that he's right.

Speaker 1 (20:34):
Eighteen to two The Mike Hosking Breakfast Full Show podcast
on iHeartRadio powered by News Talks at.

Speaker 2 (20:41):
B Actually speaking of China and semi related matters, I
reading this morning that Tesla, who are getting caned in China.
They've announced an eight thousand and one insurance planned subsidy.
That's two thousand dollars. In other words, they'll pay your
insurance for your car. And they're doing five year zero
percent interest financing, five years zero percent plus your insurance paid.

(21:02):
Is it ZPN, zping, xping, whatever it is? That car
company they're doing the same so they can't sell them,
so they're trying to make it as easy as possible.
Six forty five International correspondence with ends in eye insurance
Peace of mind for New Zealand business. Why Frank castin
Field morning to you. Good morning mate. There's a Macron
announcement of one hundred and nine billion euros for AI investment.

(21:25):
Who's one hundred and nine billion? Is he spending there
is that all in the on the never never Well.

Speaker 18 (21:31):
He says that various investment funds from the Gulf States, Canada, America,
quite a lot of French investment is going into that.
He's really all in on AI, Mike, just essentially today
Monday here in France, and on Tuesday he's got this
big summit going on in Paris where we're seeing a
lot of the world leaders turn up there as well

(21:53):
as a open AI boss, Google boss is there. What
he's saying, Mike is that the technology is there, the
advanced technologies there, the NOHOW is there, and France can
really go at it now that in terms of innovation,
the companies have got what they need. And of course
the big change in all this that everyone's been looking

(22:14):
at has been the announcement that Deep Seek. The Chinese
ability to develop a high showed that they could do
it with fewer resources. That was a real turning point
the French thing, because it showed that AI could be
developed much cheaper, research and developing costs much much cheaper,
and it suddenly became a highly competitive market. So that's

(22:36):
what Macron is hoping for.

Speaker 2 (22:38):
He says that the.

Speaker 18 (22:39):
Innovation is there. It can be done, but you do,
of course need to have and this is where it
all gets a bit sticky, Mike. As well as what
it will cost and the manpower that needs to be
trained is governance. And what he's relying on there is
the fact that the European Union later this year will
come into effect their binding rules on and that really

(23:01):
is sort of quite firm on the specific uses of AI.
You know, the higher risks such as manipulation, deception that
won't be allowed, that will be shut down, and of
course other things like disclosure obligations. People have to be
told if they're going to be talking to a chatpot,
those sorts of things. So also, you know, as well

(23:21):
as the innovation, looking at the ethical side of it,
the conformity and hoping that more people will come forward
with money, and of course there's two hundred billion New
Zealand dollars worth. It looks a lot that when you
look at, say, for example, what the Americans are putting
into AI, yeah, it's not there. But of course this
has upset the Americans, particularly JD. Vance, who's turning up

(23:43):
here at anytime now. He said that the Americans are
really very angry about what he calls censorship of American
platforms in Europe.

Speaker 2 (23:51):
Okay, let me come back to that, JD in just
a couple of moments. Because AI is taking tech as
X and X has got trouble. Is this a big
deal with probe and France ober X.

Speaker 18 (24:00):
It is a big deal, mostly because cybercrime has really
been treated here in France pretty much the same as
computer hacking. They regard it as if you've got a
social media platform, you have got a responsibility, so you
cannot do things like manipulate algorithm, you cannot have interference

(24:21):
from management. And so we've got this case that's just
been put forward by the cyber Crime Prosecutor's office saying
that X has been favoring propaganda and it's own messaging
over real news, so the same that's actually not right,
it is biased news. They also say that there's allegations
that's hateful, racist content that's aimed at not just hurting

(24:46):
people but also skewing the democratic debate. So that's got
a lot of interest here as well as Last week
in Germany, at German court ordered X to hand over
all of the data it had collected on politically related content. Again,
we're looking at engagement data, so trying to make X
as responsible as it can and what is becoming a

(25:08):
very difficult democratic debate here in Europe.

Speaker 2 (25:11):
Just back to JD is does he know, do you reckon?
He knows what Donald's thinking about tariffs? Or he just
sort of comes in and says a whole lot of
random stuff, And how worried about tariffs in general are you?
And is our terriffs even being talked about with JD?

Speaker 18 (25:23):
Well, it's going to be a very interesting getting to
know you, isn't it.

Speaker 14 (25:27):
Mike.

Speaker 18 (25:27):
This is the first time that they're going to actually
get to see him in the flash talk to him.

Speaker 2 (25:32):
No one's quite sure what to.

Speaker 18 (25:33):
Expect, especially when it comes to these tariffs. What's he
going to talk about? Also, don't forget later on this
week he's going to be at the Munich Security Conference
where he's supposed to be meeting Selensky, So no one knows.
We've been hearing all this stuff, and of course the
big question will be even if what he says, you know,
finds a residence here, is that really what Donald Trump

(25:56):
is thinking and will that still be the case twelve
hours later?

Speaker 2 (25:59):
Yeah, watching him Arriah finally enough. I know he's brought
his whole family, including three kids, so at least they
sent him off to Disneyland. I guess I suppose they
can go to Disneyland.

Speaker 18 (26:10):
It's rainy as it's really grotty Februy weather, so they
might not enjoy it.

Speaker 2 (26:14):
Then, all right, nice to see you, Katherine Cathererfield and France.
By the way, just before we leave Europe, I'm reading
headline how Spain's economy became the envy of Europe and
you know how they did it. Gosh, they did it
with tourism. They were rivaling France for the ninety four
million people went to Spain last year. I mean a
few of them got squirted with water guns. But big
that as it may, it seriously affected the economy. France

(26:34):
does about one hundred million industries. Tourism industry's post COVID
expansion major reason why the Eurozone's fourth biggest economy is
easily outgrowing Germany, France, Italy, the United Kingdom. Their GDP
last year growth growth growth, remember growth three point two percent,
and they did it with tourism. There's an idea min
away from seven.

Speaker 1 (26:55):
The Mike Hosking Breakfast with Bailey's Real Estate News Talk
v you to tell you.

Speaker 2 (27:00):
The polls mean nothing apart from one. We all like
a poll. Everyone loves a poll. But the polls and
two of them indicator of the three of late, two
of them indicate a change of government, or do they.
First of all, in one poll, they're trying to tell
me the Greens have about thirteen percent. The Greens don't
have thirteen percent. They've never had thirteen percent, they haven't
gone up three and a half points. They're never going
to get thirteen percent, so that number is wrong. Another

(27:21):
pole tells us that the Maray vote has crashed. It's
down three points. They never had the three points in
the first place, therefore they haven't crashed. The only synergistic
aspect of all of these polls is roughly roughly they
turn out to be about right in terms of the
Nats are on about low thirties, Labour's on about low thirties,

(27:42):
and it's a tight race. But if you start believing
the Greens on thirteen and the Maori Party were on seven,
then that's where your change of government comes in. And
given you don't believe those numbers, there is no change
of government. And that's before we get to the fact
that there were two years away from an election, five
away from seven.

Speaker 1 (27:57):
All the ins and the ouse it's is with business favor,
take your business productivity to the next level.

Speaker 2 (28:04):
Right insight in the American economy via the Mighty macers.
Where the Big Mac goes, America goes. And if that's true,
it's not good news. Disappointing words from macas Q four
globally net sales eleven point three billion, that's New Zealand dollars.
That's on par with Q four of last year average
same store sales, a growth of zero point four percent
in America, though it's down, and that's the problem because
it's forty percent of their sales globally same store sales

(28:27):
in America one point four percent down. That compares with
an increase of four point three and Q four of
twenty twenty three. It probably has something to do with
that purple shake. Have you seen the purple shack? Was
it grimace, grimm whatever.

Speaker 6 (28:38):
The hell that is?

Speaker 2 (28:39):
Yeah, yeah, so I.

Speaker 15 (28:40):
Think nobody quite knows what the flavor is. It's just grimmace.

Speaker 2 (28:44):
Flavors, purple purple face.

Speaker 15 (28:45):
Yeah, yeah, just going to start heats with grimace as
I think.

Speaker 2 (28:48):
Foot traffic's up. But I looked up here's how sad
I am. I saw that purple shack the other day
and I thought that's the biggest part of crap IB
ever seen. So I looked up the Calorific intake. What
did I say, Sam? It had something like eighty percent. Yeah,
it was like eighty percent of your sugar and take
for the day.

Speaker 15 (29:05):
So as a time saver, it was just ridiculous.

Speaker 2 (29:08):
Anyway, the CEO says, last year didn't meet expectations. You
felt McDonald's was part of every major news story in
the world, while they have been because Trump's linked to McDonald's.
Then you had the coal I breakout, which I'm assuming
I don't know much about McDonald's, but I'm assuming you
col a upbreaks are not good for business. Could be wrong.
They've spen one hundred and seventy five million on marketing
in December. They've launched a new five dollar value menu

(29:31):
to lure people back. So and that's before you get
to the very exciting wannicer opening. Sorry to upset you,
wannacare if you one of those people who went well
don't want McDonald's and Monica. My sense of it is
it will be open. The announcement is coming this week
and that's gone so many submissions, so many submissions, when
so many many submissions, so much time, so much energy,

(29:51):
and so much money and for what an opening up
for McDonald's and that will turn global sales around. Remember
where you heard it first?

Speaker 19 (29:58):
News is next, the breakfast show, Kiwi's Trust to stay
in the Know, the mic hosting Breakfast with Bailey's real
Estate finding the buyers others can't use Togsdad b Budding.

Speaker 2 (30:10):
Seven past seven. So the talking noise has started around
the government's Global investments Summitt around one hundred of the
world's top investors businesses. Construction Leader is going to be
here to hear that we are open and looking for
money and deals now. Simplicity CEO Sam Stubbs is going
to be there and he's with us. Sam, morning to you,
good morning. How much is riding on this you reckon?

Speaker 20 (30:29):
Look? I think quite a lot, Mike. I mean there
will be an awful lot of money in the room.
I think what I'm concerned about is that the government
will spend more time focus on the offshore money than
the domestic money. You know you have kV Saber managers
will be in the room there, they'll have it one
hundred and twenty billion dollars right now and that'll should
be about a trillion dollars by twenty fifty. So getting
a dollar in from overseas is I think a lot

(30:50):
harder than getting a domestic dollar in the door. And
if you look at the Aussie super funds, they have
about fifty percent of their money invested domestically at the moment.
The Kiwi save for funds have got about thirty percent.
So if by twenty fifty you could have another two
hundred billion dollars invested in New Zealand by Kiwi fund managers.
So if this conference is doing what we would typically
doing sort of the nineteen nineties and focus on the
offshore money, that's all very well. But I think the

(31:13):
size of the prize domestically is much much bigger.

Speaker 2 (31:16):
And so locally would collab with international or we could
do a lot more than we are with local.

Speaker 20 (31:22):
We could do an awful lot more than we are
with local right now. What you have to do is
sufficiently incentivize local managers to invest domestically, and we actually
want to. It's just it's very hard to find things
to invest in right now. So I think if we
have this conference like the one we would have had
in the nineteen nineties, which is us going out with
a begging bol and saying that we don't have that
much money, could you please, you know, basically look after

(31:44):
us and invest in us, I think that that would
be a shame because we're a very different country now.
We actually have a lot more money saved domestically. If
you ended up Key, we save acc and inz super
that's over two hundred billion dollars or remarket, it's a lot.

Speaker 2 (31:56):
Do you want. What's the problem then, So when you
say we can't find anything to invest and what is it,
the internationals are coming to hear to see.

Speaker 20 (32:04):
Look, I think what the government wants is for the
international investors to come in and fundable of the new stuff,
you know, build the new factories and so on. That
may well work, And I mean you have to be
very serious about this, might you know, you can't just
basically set up an expotent sprinklet with a few wall
blacks and expect foreigners to invest in new Zealand and
it's an extremely competitive business and you have to provide

(32:25):
a lot of incentives and that is not something key
we are usually comfortable with providing, you know, unfair competitive
advantage to the new international dollar versus the local players.
So I think we have to go through a mindset changer.
For you really want to get serious about making New
Zealand like Ireland, you have to deal with companies you
may not feel comfortable dealing with. For example, Island I

(32:45):
think has three research centers from Huawei. We don't like
Huawei investing here. They have to provide serious cash incentives.
So this is a this is a very serious game
you're playing when you're starting to fight for international capital.
I think the much easier prize is to get the
locals to invest more here.

Speaker 2 (33:01):
Very good insight, and I'll put it to Crystal Blux
in about half an hour. Appreciate your time. Sam Stubb's
simplicity CEO. Ten minutes past seven, passing squorry of poles,
speaking of Luxlan. That tell broadly the same story. Whatever
the government's trying to convince us of isn't working. In
a couple of those poles, they're no longer in fact
the government as the left block scrape together enough to
get back to power. The poles to David Ferrara is
with us, David morning, Good morning. The fact we get

(33:24):
here differently from these different poles and some numbers, look ropy,
does any of that matter or not?

Speaker 21 (33:31):
What may has I think is very close. I mean
one pole has at sixty sixty, the other sixty one
fifty nine. But the methods they're seeing is that the
lead the government has dissipated. Now there's not totally unusual.
And the first term of the Hall and Clark government
they had the ones of discontent and I think some

(33:52):
relowly there is that economics at play there where people
aren't happy about their economy and that's what's showing up.

Speaker 2 (34:00):
And nor should we be happy about the economy, But
is that part of the problem and asking the people
the right wrong path? See, I would argue we are
on the wrong path, but it will come right right here.
Right now it's ugly, but it won't be forever because
broadly speaking of these guys kind of know what they're doing.
So what does that snapshot and the poll tell us
that we're just unhappy right now or will be unhappy

(34:22):
or we're unhappy right now but getting better, or we
don't know.

Speaker 21 (34:25):
It is a very instinctive question, is the country going
the right way or the wrong way?

Speaker 17 (34:30):
And it's a very gut one.

Speaker 21 (34:32):
People don't really think about it, and I think it
just shows it is more about what's happening at the moment.
You've got unemployments tacking up because of high interest rates.

Speaker 17 (34:42):
We had very well.

Speaker 21 (34:44):
It was not weak economic growth. It was a recession.
We've got no end of the deficits inside and the
drop in the polls started in December and there's when
all this bad news came out. So I think what
you're seeing is people who the the economic news and
they're not sure are we gain to get out of it.

(35:05):
They haven't abandoned the government through anger. They're waiting to
see would be how I would.

Speaker 2 (35:12):
Good good way of putting it. David appreciated as always
David Farrer, who's the poster political commentator. Whe us it's
twelve minutes past seven past get I know it's a
tough one, but can you quiz Luxe and about his
plans for Seymour moving forward. There's a tsunami of objectives
to him becoming the Deputy Prime Minister on social media,
My advice to you is ignore social media. What's said
on social media is completely and utterly irrelevant. Mike, I'm

(35:34):
not concerned about the polls. What I am concerned about
is the danger of a growing rift between Luxe and Seamoor. Peter,
don't be The media is completely misinterpreting this whole business.
As for that, driving your land driver up the steps
of Parliament looked like fun to me and I would
have loved to have done it myself. And so suddenly
that's your lead story. What bollocks? And so Luxon's caught
in the middle and watching his press conference yesterday post cabinet,
he doesn't want to get dragged in. Unfortunately, he's inevitably

(35:56):
going to get dragged in because the media is after clickbait.
And what people people don't seem to understand is Luxon
is not Seymour's boss, the same way he's not Peter's boss.
They're bosses of separate entities that come together. And this
business of the media asking Luckson, are you gonna tell
David Off? I mean, grow up? Their adults running their

(36:18):
own entities and operations and there will be some massaging
behind the scenes of make you're looking at you making
us look bad? And can you tone that down? All
that sort of thing. Of course there is. But we're
not at school. There aren't rules. You don't tell each
other off, you don't sack them. Luxon can't sack Seymour.
Luson's the leader of Act. He's the leader of a
separate party. He can't put him in time out or

(36:42):
spank him or take his lunch off him. Come on, Mike,
are we really going to vote with the parties that
created the mess back to create a bigger mess. Well,
there's something to think about, of course, And that's why
I'm not remotely worried about the polls, because the polls
are a year and a half away at least. Mike,
although having said that I will play rod, do you
to the Prime Minister? He seems to think that he's

(37:03):
running out of times in term in terms of us
marking the government of the day. Mike, do we think
the reason Nationals doing badly is due to Simon Watts,
which is going to make it harder for agriculture? Kristen,
No one's heard of Simon Watts. So the answer to
your question is No. Fourteen past seven.

Speaker 1 (37:21):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at.

Speaker 2 (37:27):
B ben Elton with us after eight o'clock seventeen past seven.
If your kids serve ever road, you'll be in some way,
shape or form being immersed in the Mardy Cup experience.
But for years there's been a question over so called
year Fourteen's looks like it's been sorted. School Sports New
Zealand CEO Mike summrles with us on this Mike Morning.

Speaker 22 (37:43):
To you, Good morning Mike.

Speaker 2 (37:44):
Where did this come from and how was it justified?
For all these years?

Speaker 22 (37:49):
Yeah, I think it's been a conversation inside polling in
particular for for many many years before my time. I
think it's come down to that idea of what's fare
An extra year of rowing has been defined by a
lot of people is not fair in terms of coming
back and getting what you need and moving on. And

(38:09):
some principles had decided enough was enough and called for
special general meeting And the outcome of probably a long
drawn out process was that most principles and most members
of New Zealand Schools Rowing Association Principles have decided that
they want to rule put in place that limits.

Speaker 2 (38:29):
That and so was that the Principles or was it
the association. My understanding was there was a great deal
of concern about the association.

Speaker 22 (38:37):
Yeah, look, I think that through that meeting some things
didn't go very well. I think New zeal schools Rowing
Association would agree with that as well, and some Principles
did pull out a vote of no confidence against that group,
which was unfortunate for probably everybody involved. It's not something
that you like to see happen, but the outcome that

(39:00):
probably a lot wanted came about. So that group's still
there and providing leadership.

Speaker 2 (39:07):
If it was an open rule, why wasn't it fear
then for everyone. You may not like it, but I
mean if everyone could do it and they did do it,
then what was the problem.

Speaker 22 (39:16):
Yeah, school Sport in New Zealand is the body that
provides governance overall secondary school sport and our eligibility rules
under nineteen at the first of January. That aligns with
the Education Act, which defines educational need. It allows students
up to the age of nineteen, including the year that
they turned nineteen, to access free education and our rules

(39:39):
have always kind of been that if you're at school,
you should be getting the benefits of everything that comes
with school. I guess the argument against that is sport
isn't actually part of the curriculum. We know it's a
really important part of school, but it's not part of
the educational curriculum. It's extra curricular and in that eligibility
allows you to set rules that allow for a level

(40:01):
playing field, and with that extra year of school. In
some cases and in some sports, it's been decided that
you need to limit those pages.

Speaker 2 (40:13):
Good on you, Mike, appreciate it. Mike Summer all, it's
an issue in netball. You'll follow American college football at
a issue in American college football you got thirty three
year olds still doing their painting course at certain universities
and still allegedly eligible. Mike would overseas money really want
to put their money when successive governments keep changing rules,
policies and attitudes around businesses and how they think it

(40:34):
should operate. Take mining, it's a shit show. That's a
very very good point. We'll put that to luxon as well.

Speaker 1 (40:40):
Seven twenty The Mike Asking Breakfast Full Show podcast on iHeartRadio,
Power by news talksp.

Speaker 2 (40:51):
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Pasking eleven twenty four. I must read for a reality
check is the ABC as in the Australian Broadcasting Corporation

(41:55):
exploration of the New Zealand versus Australian economy. Normally, the ABC,
like a lot of the public broadcasters, tease you with
the headline and end up concluding nothing that so they
can claim to be balanced. Not so in this case.
Gareth Hutchins is your author. The headline inflation has fallen
in New Zealand and Australia, but which is faring better?
See it's always instructive to read specific comparisons, look at

(42:17):
the wider picture, crunch the numbers, and this piece does that,
and boy does it do that. It starts with a clue.
New Zealand's economy is in recession. Australia's economy is not
in recession. He then involves the Reserve Bank. Our cash
rate peaked at five point five percent, Australia's peaked at
four point three five percent unemployment, New Zealand's got to
five point one, probably still climbing. Australia's under four percent.

(42:39):
New Zealand's labor force hasn't grown in the past twelve months.
Is a wake up called. New Zealand's labor force hasn't
grown in the past twelve months. Australia's labor force has
been consistently growing for the past twelve months, he writes.
In the past three years, Australia's economy hasn't recorded a
single quarter of negative growth. New Zealand's economy has three
quarters of zero growth, three quarters of negative growth. It's

(43:01):
just experienced six consecutive quarters of negative growth, he writes.
The Reserve Bank. The article points out the respective RB's
pursued different approaches to employment as regards their approach to inflation,
also points out that they've got slightly different bands. We've
got a one to three band, they've got a two
to three band. The approach, according to the Australian ARB,
was to quote, preserve as many of the jobs that

(43:22):
have been created in recent years as we can. Did
they do that? Yes, they did. The last line in
the article you're ready for this, and thousands of Kiwis
have revealed which strategy they prefer by buying a plane
ticket to Australia. I think most of us could have
guessed basically what the article says, but to put it
in words with stats and graphs and lay it bare

(43:44):
a more depressing, debilitating, deflating and anger and ucing. Set
numbers would be hard to find. And those of us
left here have and are living through all of this
talk about Stark asking well, ben Elton, who hates me?
I say he hates me as I read the New
Zealand Herald May of twenty twenty one review of the

(44:05):
Ben Elton Show when he was last year. We haven't
had ben Elton on the show since twenty twenty. Maybe
that's what tipped him over. Because he came in twenty
twenty one. We didn't interview him at that particular point
of time. I have no idea why, but he obviously
got wind of that and thought, why aren't I on Hosking?
I hate him, That's all I can assume. Because most
people love me. I am the Rivera of the Middle East.

Speaker 15 (44:27):
Everybody loves me, oh so much though that Trump probably
wants to.

Speaker 2 (44:30):
Own you exactly. Damien Thorn is the reviewer for the Herald.
I quote him. Now we learnt things as well. Ben
Elton hates Mike Hosking as much as many New Zealanders.

Speaker 15 (44:44):
Well many's not most, to be fair.

Speaker 2 (44:46):
We all enjoyed him being the butt of Elton's.

Speaker 15 (44:49):
Jokes hard to disagree.

Speaker 2 (44:52):
That's what Damien Thorne said in the New Zealand Herald
may Have twenty twenty one and reviewing Bean Elton, So
I thought, do I want be back on the program?
How can this possibly be? Does Ben actually secretly like
me and the Herald are wrong? Or the Herald are right?
And Ben Elton will be on this program after eight
seething spitting tax at having to deal with me yet again,
but knowing.

Speaker 15 (45:12):
For and anything should get Damien on afterwards for a
bit of reaction.

Speaker 2 (45:15):
Does Damien still work for the.

Speaker 15 (45:16):
Hill irrelevant.

Speaker 2 (45:20):
News? In a couple of moments in the Prime.

Speaker 1 (45:23):
Minister your source of breaking news, challenging opinion and honored facts,
the Mike Hosking Breakfast with a Vita, Retirement, Communities, Life
Your Way News, Tom said Ben Elton.

Speaker 2 (45:41):
Back from the program, Up play the club Man. Time
of twenty three minutes away from late the prime miniship
of this Tuesday morning, Christopher Luckson.

Speaker 11 (45:47):
Is with us.

Speaker 5 (45:47):
Good morning, Good morning, Mike, how are you very well?

Speaker 2 (45:50):
Indeed? Thank you? Do you and David Seymore need to
step outside for a while. There's something brewing there.

Speaker 5 (45:56):
No look small parties will always been trying to get
some media attention.

Speaker 2 (45:59):
That's politics.

Speaker 5 (46:00):
But I frankly spend little time thinking about what.

Speaker 2 (46:02):
David does with his letters and his jeeps.

Speaker 20 (46:04):
We've got a big job to do.

Speaker 5 (46:05):
We've got to get focused on the economy.

Speaker 2 (46:06):
So this seems to be the problem. Do the media
understand that because they keep asking you about these things
and you keep trying to side step it. Probably correctly so,
but they can you if you wanted to sack David Seymour.

Speaker 5 (46:20):
Well, I mean, I'm responsible for all ministers in the cabinet,
you know, and their conduct, you know, and so I'm
very conscious of that. There's been you know, in respect
to the letter conversation, there's been no breach of the
Cabinet manual. Happened before he was a minister, happened before
we're in government. But look, I mean, you know, as
I've learned in four years, you know, this politics game
is a different game, and you know, what we're focused

(46:41):
on as a government is making sure we've got a
big job to do. I mean, like, honestly, I wake
up every morning going how much how can I not
get stuff done yesterday? I mean, like we've got a
hell of a lot to do, and so yeah, look
some of it, you know, so frankly, you know that's
what I'm focused on, like a very little time.

Speaker 2 (46:54):
Okay, So the polls I don't want to dwell on
because I know what your auntser will be. But there
are now three polls, two of them have a change government.
That's telling you something, isn't it.

Speaker 5 (47:03):
Surely it's telling us that for New Zealanders it's a
really tough time and they're going through a lot of
economic pain mic and they actually want us to resolve
that for them, and that's what we have to do.
That is the reality of it. And I'm telling you
if you think about just the last eight weeks since
we came back to work, we've been flat out going
at it, and we've been talking about saying everything has

(47:24):
to be about growth. Why because that's actually how Key's
going to get ahead. They have more money in their pocket,
that's how they power up the economy. So look, I
get it a tough time. We've got to focus on
the economy and we've got to show you by twenty
twenty six that actually they're better off under this government
than they would be under.

Speaker 2 (47:38):
The last lot. Okay, so I suggested to you last
week you might be running down a runway. We had
Rod Duke of Briscoe's on the program the other day.
Here's what he said.

Speaker 17 (47:46):
I think they will be marked seriously if in fact
by say into March. Well, we don't see some serious initiatives,
is he right?

Speaker 2 (47:57):
Yeah?

Speaker 5 (47:57):
Look, I mean I think he's bang on. I mean,
there's been encouraging signs as we've talked about before around
inflation and interest rate, tax relief rising, you know, good
levels of confidence business, consumer, farm and all that good stuff.
But it's exactly what I was just saying. We need
to get this economy moving, and you know it is
this some you know, some green sheets. I mean I saw,
you know, Brad Olsen saying by the end of the
you know, by the end of the year that we

(48:18):
forty five million dollars extra a week in Keiwis pockets
to spend in the economy. That's all good stuff as
interest rates come down. But we've got to keep taking
barnacles off this boat and actually get it moving faster.
And people have to understand economic growth is everything, because
that is actually how we get Keywis to be able
to get ahead. That's how we make sure our kids
have a future here. That's how we get the better
public services and standard living that we all want. And

(48:40):
we've had some long standing problems for thirty years about
what we call economic productivity, and that's what we're focused on,
is like and that's what you're saying. You know, invest
New Zealand. We've got to invest summit coming up. We've
got fast track hit last Friday. We've got trade deals,
investment treaty deals that we just did in the UAE.
You know, we've got a rolling thunder of constant announcement
to remove barnacles, get.

Speaker 2 (49:00):
Show on that road. We've got a rolling thunder. Sam
Stubbs is going to be at that a forementioned summit.
He was on the program earlier and I thought he
made a very good point. He says, why aren't you
dealing with local money better than you are as opposed
to bringing an off shore money? So answer that one first.
His second part of his question is offshore money needs
too many incentives and too many backhands.

Speaker 5 (49:23):
Like first point, as it's an end, we want to
be able to use simplicity, super fund acc other big investors,
domestic investors domestic pools of capital. You know, Sam's done
some good thinking around for example, Bell to Rent, you know,
all that good stuff. So we're up for Sam's involvement
and an investment. He's a good guy. He understands what's
going on and is part of the future what we need.

(49:44):
But we also need foreign capital. The second thing I'd
say is I disagree with that assessment we have. I
spent the last year, Mike, going around everywhere I go
into nowtion. I spent two hours talking to potential investors
why to see what their appetite is for New Zealand
and the bottom line and the message everywhere gone as look,
I'm open to New Zealand. I just didn't know what
you've got down there, and I didn't feel you had

(50:04):
a government that actually welcomed my money and said thank
you for coming here. And that's evidence by our low
ranking and the OEC deal.

Speaker 2 (50:11):
Well, I hope you're right. But what he gave the
example of there are research institutes in Ireland run by Huawei.
We don't like Huawei because we're suspicious of the Japanese.
You've got to pay them. They want incentives, they want money,
they want are we ready to do that? Is that
what you're aiming to do?

Speaker 5 (50:27):
Honestly, there is a world awash with so much cash
but with stunnrings attached.

Speaker 2 (50:34):
No, No, they're not coming here because they love us Christ,
but they're coming home to do business and get a
return on their money. What's the return and what are
you prepared to give away for it?

Speaker 5 (50:42):
Well, that's what they want to see, and that's at
the moment they don't even know what the investment opportunities
are in New Zealand. And that's why we want to
have the summit with one hundred people for two days,
and I'll be there the whole two days making sure
they understand that there's lots of opportunities for them to
invest here in His Zealand. They invest in infrastructure in
other parts of the world, but they don't do that
here in New Zealand. They invest in partner with other
local companies to make knowledge transfer and international connections and

(51:05):
bring some of that skill as well as the cash
to help them power up. So you know, there's I
think we've got along. You know, we actually just have
to get share of mind of these investors, which we've
failed to do over the last six years and I
see it as a really important part of our economic
growth plan, getting investment into the country. We've got capital shortages.

Speaker 2 (51:24):
Did you see Jamie Beaton's peace in the Herald yesterday?

Speaker 5 (51:27):
I didn't, actually right.

Speaker 2 (51:28):
So he runs Crimson and he's a very bright young man.
I did a lot of time. His argument is that
we need to make Auckland University top fifty in the
world and apart from anything else, there are countries that
recognize top fifty universities as being a thing. Is that
and essentially he's arguing we need to go out give
people license to recruit. Dramatically, they're all liberals at universities

(51:48):
anyway that love New Zealand, park them there, get them
to run their programs and bump Auckland up to the
top fifty. Is that possible or is that pie in
the sky?

Speaker 3 (51:57):
Look?

Speaker 5 (51:57):
I think we want to be improving our academics to
That's partly why I put Shane Ritti on universities, but
also the science technology innovation area. When you go to
other universities around the world, those lecturers are often millionaires.
Why is that because they actually get to participate in
the commercial work that they or the R and D
or the science or the inner research that they're doing.
They commercialize it and then they bring the money back

(52:18):
into the universities and build better programs and attract more
researchers and better staff and better lectures all around the world.
So that's exactly what we're trying to do, which is,
you know, I've got to get people out of the
ivory tower of sort of academic research and actually be
able to commercialize that, build great businesses off the back
of it, and actually participate in that wealth creation.

Speaker 2 (52:37):
So that's quite normal.

Speaker 5 (52:38):
You can have academics leading great programs and science innovation
around the world at universities, but they participate in their
entrepreneurs as well. And that's what we've got to free
the system up so that it actually there's more connectivity
between business and the universities and.

Speaker 2 (52:51):
Post other bit of reading you want. You won't have
seen Jeff Nightingale suggestions in the Herald this morning. Have
you seen those for tax by Sorry, I haven't provide
tax concessions to those involved in the all the nationally
significant infrastructure. Is that a possibility or not?

Speaker 5 (53:03):
Well, as you've heard Nicholas say, you know, We've got
a range of tax things we're considering as part of
a growth budget for May. As I said, an I
like my rollings under analogy, but watch this space every time.
We're just trying to do stuff, So there's more more coming.

Speaker 2 (53:17):
A secondly, approach taken from employees who receive shares in
the company they work could be changed rather than apply
tax to a portion of the value of the shares,
the point of paying tax be deferred. Is that a possibility.

Speaker 5 (53:27):
Look, I'm well aware of some of the challenges, particularly
if you are an overseas KIWI who's done well and
you want to bring your capital back to New Zealand.
I think Peter Beck and others are some tax rules
that we need to look at. There's certainly overseas people
who want to come to the country. I met some
of them on Sunday and we know there are some
of those frustrations or impediments that we've got to sort
of blow away as well.

Speaker 2 (53:48):
Exactly. So this is the fIF regime he's talking about.
This is people with money overseas and tax and stuff
like that. You are open to looking at those sort
of changes. That's the sort of thing were to.

Speaker 5 (53:56):
Look exactly exactly. I mean, those are the things that,
as I said to you, we're just going to be
powering through and as soon as we get a decision
and we're moving forward at pace, I know it's I
love coming in to your Shae because you always pushed
me hard and say, well, you should have done it yesterday, Luxelman.
But that's that's how I talk to my team site
as well. But we're going flat out and every week
we just got to keep doing stuff that gets the
joint moving and blocked and gets unblocked and going fast.

Speaker 2 (54:19):
Well, speaking of unblocking, here's Peter's on the program Friday.

Speaker 7 (54:22):
If somebody is coming to this country like they do
to other countries, bringing you fifty million dollars to invest
in a huge industry and to ensure that we've got
employment with it's no employment now, potential exports with there's
exports in this area now, then we will look at it.
Certainly that's always been out of you.

Speaker 2 (54:37):
Has it always been this view? And is he now
across the line on the houses.

Speaker 5 (54:41):
Well, look, I mean, as I said to you the
other day, we've got ongoing conversations in that space. I
know it's a piece of the investment piece where people
you know, who want to come here and invest in
a business might want to buy a house. It's not
the b or and end all and the only thing
that matters. There's a lot of other things I'd say.

Speaker 2 (54:56):
But if you're looking to do stuff to smooth the path,
what better way is there to say, see the house
in Lake Hayes, it's yours.

Speaker 9 (55:03):
Go for it.

Speaker 2 (55:04):
Yeah.

Speaker 5 (55:04):
And so those are ongoing conversation and in fact, that's.

Speaker 2 (55:06):
What you see it in your speech essentially over the weekend,
wasn't it. You know, people who come here with money
see something that they've got another idea, and they've got
more money, and suddenly they love the place. And what
do you do when you love the place? You want
to buy a house, don't you?

Speaker 3 (55:17):
Yeah?

Speaker 5 (55:18):
I mean that's the thing is like before we had
the restrictive settings from the last lot, you know, we
were getting two point two billion dollars and from these
people in a two year period. Once they're here, they
get to build relationships, networks, they trust the system, they
understand it better, and they then go spend another one
point seven billigs exactly the last two years. How much
money dri can we attracted from overseas investors.

Speaker 2 (55:38):
Well you said in this speech, didn't you, Yeah.

Speaker 5 (55:40):
The thirteen projects. You know it's pathetic. So you know
you know this morning people say, oh, this isn't going
to work, and it's like, well, no disrespect, but we've
seen what happened in the past, we've seen what's happening now,
and frankly I want that money and his own why
because actually, every day keys are the winners, because that's
how businesses grow, that's how they get better jobs and
hire incomes. That's what it's ultimately about.

Speaker 2 (56:00):
Good to talk to you appreciate it. Christopher Rolling Thunder
Luxon thirteen Away from eight the.

Speaker 1 (56:05):
Vic Asking Breakfast Full Show podcast on iHeartRadio Power by
News Talks.

Speaker 11 (56:10):
It'd be.

Speaker 2 (56:12):
Mike. You have to feel sorry for Luxon. He inherited
an economic disaster hidden by smoke and mirrors, and he's
pulling every livery can to arrest the situation. I tend
to agree, Mike. Where you and I might separate a
little bit is on the actionables and whether we're moving
fast enough. But the two references I made, if you've
missed them, are he missed them. Jeff Nightingale, who we

(56:32):
got a lot of time for. He worked on the
government's tax advisory group for a while. He's got a
couple of good ideas on what they could do. He's
against lowering the corporate rate. He says, we have lowered
the corporate rate over the years and it doesn't really
lead to anything, and you really need to get down
to an island type situation of ten twelve percent. We
couldn't afford to do it. So he's got his ideas
and those are the ones I mentioned to him. So
read that in the Herald if you haven't seen it.

(56:55):
And Jamie Beaton, who I've got a lot of time
for Crimson Academy. His idea, you're as big and it's
bold and dare I suggest it never going to happen,
But that doesn't mean it's not a great idea. And
getting Auckland and they're not far off depending on which
of the rankings you look at, they're sixteen or seventy
or thereabouts in the world, and it's material in a

(57:15):
number of countries. You can get into Britain if you
studied at a top fifty university. That's the sort of
value in weight they place at high level education. At
that sort of status. So look that one up that's
in the Herald, Wayne, New Zealand needs a world top
fifty university. That was a good piece of reading from yesterday.
And that's before I get to Wayne Brown more shortly

(57:36):
eight to eight.

Speaker 1 (57:37):
The Mic Hosking Breakfast with a Vida Retirement Communities News
Togsdad bes.

Speaker 2 (57:42):
By up to eight. Yeah, Wayne Brown. So Wayne is
the mayor of Auckland. Wayne, I am, And here's the
part I can't work out. So do I blame the
government incorrectly? So one of the things Simming and Brown said,
and you have heard me say this on the program
before when he was Minister of Transport, is he was
going to get their road cone situation under control. And
as far as I can work out, he hasn't. So
yes day, Wayne Brown, Mirror of Auckland, stands on the
road and he does a video and more mayor should

(58:04):
do more of this, and he posts it on social media.
And I took particular interest because it's my route home
and I won't boil you with a finder detail. But anyway,
standing on a place called Victoria Street West and the
idiocy involved in the number of cones and the stuff
that isn't being done just is astonishing, and Wayne explains
it beautifully. Of all the lanes and the road that's

(58:24):
available to you but now isn't because of cones. For
the work that isn't being done, there is no one
to be seen. There's not a worker in sight, no
one's around, is just thousands and thousands of cones blocking
off lanes. Then the bus doesn't get to use the
bus lane. The bus uses your lane, and then the
lane that does go right and then can go straight
and straight and right, and nobody understands that. So you
get in the right lane and they want to go straight,

(58:44):
but the arrow on the light doesn't go and then
before you know it, you can't access the sky City
car Park. Thousands of people park in the sky City
car Park every day. They can't get access to that
because the cones are in the way. So Wayne's just
wandering around this empty bit of Auckland, apart from the
fact there's thousands of cars behind them not moving, trying
to explain what a bunch of idiots Auckland Transport are.

(59:06):
So is it Simeon's fault for promising to get the
cone situation under control? But failing miserably. Is it Wayne's
fault for being the mirror of a city? He really
has no power over it all. It's obviously Auckland Transport's
fault because they are morons. But who controls Auckland Transport
or are they of fivedom into their own powers? Basically so,
in other words, they can do whatever they want and

(59:27):
Wayne can tell them off and Simeon can tell them off,
but nothing's ever going to change. What's the answer to
that question? But it's well worth looking at the video.
And then having looked at that video, it then answers
the question as to why we hear this morning so
many people are leaving Auckland and moving to Central Otago
Because in Central Otago there are no cones, just beautiful
houses and fresh air and no sign of at anywhere.

Speaker 1 (59:51):
News is mixed, the news and the newsmakers the mic
Hosking breakfast with the range rover villa designed to intrigue
and use Tog's dead Beata Ben Elton.

Speaker 2 (01:00:04):
On his way back, he joins a veritable protilla and
British comments who seem to be hitting the road these days,
David Williams, Graham Nort and Stephen Fry among others. So
what's he got for us, Ben Elton as well as
very good morning?

Speaker 3 (01:00:15):
Good morning indeed, and thank you for having me. Very
pleased to be here.

Speaker 2 (01:00:18):
No worries it or just a quick catch up. The
tours receiving rave reviews and good it's Is this a
comfortable time of life where it doesn't matter anymore? It's
all cream on the cake.

Speaker 3 (01:00:30):
Well, I certainly wouldn't say that.

Speaker 6 (01:00:32):
No, I think it's as I certainly find it as
as as kind of you know, important and vaguely intimidating.

Speaker 3 (01:00:40):
As I did when I was young.

Speaker 6 (01:00:41):
I mean, I think I'm better at it now and
I certainly enjoy stand up comedy more so as much
as I think. I know the audience have come because
they want to see me, So you know, I've got
to be I've got to kind of be bad, you
know what I mean.

Speaker 3 (01:00:53):
I've got to prove myself, but I do have to
justify myself.

Speaker 6 (01:00:58):
No, I'm certainly not, you know, sitting back on my
big fat laurels, as my wife would say, I'm you know,
I took every gig very seriously. You know, a theaty
full of people are going to invest in meat for
the evening. That is a big responsibility. And also I
wouldn't do it if I didn't, if the passion didn't
still burn. I mean, I have not lost the desire

(01:01:19):
to shout and swear and pontificate about all and sundry.
So no, I don't really feel much different how I ever,
did you know I deal with this on stage? We
all we all feel twenty one inside. Our characters are
largely formed by the time we're in our twenties, and
that's who we remain. Meanwhile, the world passes on, which
is moves on, and you know, we who were once

(01:01:41):
the cutting edge and the change find ourselves being bewildered
and having to having to deal with a whole new
generations changes. And that's a lot of what I talk
about on stage, unpacking my bewilderment, heaving standing my truth.

Speaker 2 (01:01:56):
Having said that, I wonder if your success is partly
somebody I've read over the holidays, see, in difficult times,
you've always got one foot in nostalgia. So we longed
for what was?

Speaker 1 (01:02:06):
Is that?

Speaker 3 (01:02:07):
That's something that they're not quite not talking about me.

Speaker 2 (01:02:09):
That's just a general that's a general observation that you know.

Speaker 6 (01:02:12):
Yeah, well, I think everyone has a sense of nostalgia,
whether the times are difficult or not. You know, I
think you know, the current you know, the current right
wing resurgence is in you know, and sort of you know,
the white patriarchy is for a world that you know,
never really existed in their dreams, but they but I
think they were nostalgic for it even while it was happening.

(01:02:33):
You know, if you watched sort of John Wayne movies,
there's a sort of like, you know, the Old West,
that was the when real men were men, and now
now the sort of equivalent of John like you know,
now Sylvester Stallone is is saying, oh.

Speaker 3 (01:02:45):
When John Wayne was a man, that was when real
men were men.

Speaker 6 (01:02:47):
So I don't think I don't think the times people
are nostalgic for necessarily ever existed. But I think we
all love a bit of nostalgia, you know, my personal
you know, if you know the great what what would
you wish for if you had one wish?

Speaker 3 (01:03:00):
I'd love a time machine.

Speaker 6 (01:03:01):
I cannot imagine what joy to be able to go
to the theater and see the opening of a George
Bernard Shaw or see the Beatles at the Cavin Club
or yes, drop in on the Colise.

Speaker 3 (01:03:12):
Yes, I'm a bloke. I'm interested in the in the
in the Roman Empire. Yeah. I think we all got
good times, all bad. We love a bit of nostalgia.

Speaker 2 (01:03:19):
Speaking of time machines, there seemed to be a lot
of writing about it. But you were talking about Blackhead,
of the possibility of and you seem to rule it out.
Where did that come from? I just read a lot
of articles about it. There's a lot of you know,
they oh, why don't we bring it?

Speaker 3 (01:03:36):
And so where.

Speaker 2 (01:03:39):
No, no, not not Blackhead. Where did the speculation that
there could be another one? And so I'm reading you
you said there isn't one. Don't worry about it. We're
all moving on.

Speaker 3 (01:03:49):
Yeah, it happens all the time.

Speaker 23 (01:03:51):
I think whenever Tony Robinson's got a new show or
a new book out, he said, well, we're still talking
about so you're going to always hope you'll always bring
a turner when balder It's doing an interview.

Speaker 3 (01:04:04):
I think that's unfair really, because it's the same over
all of us. You you get asked, you say, well,
you know, we're not We've got no plans.

Speaker 6 (01:04:11):
I shouldn't think it'll ever happen, but it'd be fun
and before you know it, the Sun will say, you know,
hints of a new Blackadder.

Speaker 3 (01:04:18):
I think, you know, it's obviously not something I'm complaining about.

Speaker 6 (01:04:21):
I mean, the ongoing interest in Blackadder is is nothing
short of miraculous for all of us. I mean, every
single person involved in that show had the unique privilege
of really contributing to something that's sort of bedded into
British culture.

Speaker 3 (01:04:36):
And that's that's, I think, for for popular artists.

Speaker 6 (01:04:40):
And I think all artists really want to be popular,
but at least popular artists don't lie about it. I
think that's the that's that's the you know, that's the
that's the greatest thing you could do. Is it have
to have a whole generation to generations since we finished it.
You know, the last black Adder when they go over
the Top, that was shot in nineteen eighty nine, so

(01:05:00):
a long time ago, forty six years, isn't it.

Speaker 3 (01:05:02):
So yeah, I mean I'm delighted that there's.

Speaker 6 (01:05:05):
Still that speculation, but I can assure you there is
apps there is you know, look, there are no plans
it will never happen. But then I'll say, well, you
know who knows, and then then oh well, ben Outon
leaves door open to a new black Adder, so you
can't really win, but hey, it's a lovely game to play.

Speaker 2 (01:05:21):
Exactly, which doves tails with my nostalgia question. I wonder
if it's like Faulty Towers, because it was so brilliant
and comparatively speaking, compact and short, we're desperate for something more.

Speaker 6 (01:05:34):
Well, yeah, that Rick Mail, my dear friend, the late
great Rick Mail. I always used to say that about
the young ones. We only did twelve young ones, and
he always said, we've only got to do twelve. They
only did twelve forty towers, you know, and I always
thought it was stupid because they did loads of Dad's armies,
they did loads of Steptos and sons.

Speaker 3 (01:05:50):
More recently they did about a million friends. I don't
think you're right about that.

Speaker 6 (01:05:54):
I think if you can keep the if you can
keep the standard up and Goalton and Simpson. I don't
know if you remember, no, you won't remember. Dad's a
step Towe son. But it was a very famous. I
mean even I don't quite I mean I did, I
was in on a tail end of it, but what
I'm saying is you don't necessarily have to have a
whole writer's room like to have on Friends.

Speaker 3 (01:06:13):
I mean, if the BBC for us.

Speaker 6 (01:06:14):
I've just done a show called up Stark Crow, which
is a stars David Mitchell about Shakespeare, a bit of
an adderish sort of take on Shakespeare, and it was
going great guns. But you know, the BBC only have
a certain budget, so they stopped after three. I think
fourth would have been even better and it would have
built even more. So I don't really agree with you
about that, but there's no doubt about it that there
is a certain cachet to having that mystery. I mean,

(01:06:37):
it certainly intrigued Rick because he never shut up about
the fact we can't do more than.

Speaker 2 (01:06:41):
Twelve Yilson, hold on, just a couple of moms. I
want to come back to Blackhead and just seeing Ben
Nelton more shortly thirteen past the Mike.

Speaker 1 (01:06:48):
Asking Breakfast Full Show podcast on iHeartRadio, coward By News Talks.

Speaker 2 (01:06:53):
It be Ben Elton the Rhymes of the Country Letter
out of April's with us from Britain at the moment anyway, Blackhead,
are we talking about before the Rowan Atkinson I'm dying
to know about the only reason I ask that is
because of course, all you guys, who are you working?
But but but is he actually active?

Speaker 11 (01:07:07):
I mean, what does he do?

Speaker 6 (01:07:10):
Well, He's got you know, he's got his love. He's
got quite a young child, so that's a lovely thing.
I spoke at his birthday party only recently.

Speaker 3 (01:07:20):
I was very privileged to able to speak. He he's
a very well adjusted, lovely man.

Speaker 6 (01:07:24):
He has a lot of interest. I'm sure you're away.
He's very interested in cars. Yeah, he's he's He was
an engineer. He did his under an under, he did
his MSc. His masters is an engineering. I mean that
when he first met Richard Curtis and started their wonderful collaboration,
he was an engineering student. I mean, you know, he's
a fascinating bloke and he lives around in life. He

(01:07:44):
has many friends of whom I'm very proud and happy
to call myself one. And yeah, I mean I don't
think he works.

Speaker 3 (01:07:49):
As hard as I do. No, well, he does work
very hard, but on a project.

Speaker 6 (01:07:56):
So he'll spend a year on Man versus B or
something that the last thing for Netflix or something. So yeah,
I mean he's very, very focused and perhaps not as
eclectically energetic as some, but he certainly knows sort of
you know, some people have this idea of this sort
of Monkish weirdo.

Speaker 3 (01:08:12):
He means.

Speaker 6 (01:08:14):
He's a quiet bloke. I mean, and he won't you know,
he won't, doesn't do many interviews. I don't know if
he does any interviews. Actually certainly not for a long time.
But no, he's he's pretty well adjusted. I saw him
only a couple of weeks ago, as I say, at
his birthday party.

Speaker 2 (01:08:29):
Fantastic. Just now, last time you're on the show was
five years ago. You won't remember any of this, of course,
you're on five years ago. But you came to the
country in the ensuing period, I think twenty one twenty two,
something like that, and there was a review on the
paper and you apparently.

Speaker 3 (01:08:48):
You would go quoting reviews at me.

Speaker 2 (01:08:51):
You apparently you attacked me, or you had you had
to go at me.

Speaker 3 (01:08:57):
I have been.

Speaker 2 (01:09:00):
I have no idea.

Speaker 14 (01:09:00):
It wasn't an attack.

Speaker 6 (01:09:02):
You were my peers, Morgan replacement, and I always felt
a bit bad about it because I don't feel it's
the same at all.

Speaker 3 (01:09:09):
All are peers, and I have always got on, you know,
when we meet, but as you and I do.

Speaker 6 (01:09:14):
Look, you know, I won't say all's fair in love
and war, but I was using you as an example, certainly,
not of right wing commentating, but of the.

Speaker 3 (01:09:26):
Robust male voice on radio.

Speaker 6 (01:09:29):
Okay, And if that doesn't make you hard with man love,
I don't.

Speaker 3 (01:09:33):
Know what will I love it?

Speaker 2 (01:09:38):
Oh well, that's good. Well it didn't bother me either way.
It's just the review. I thought, I wonder what he said.
So anyway, we got that cleared up.

Speaker 6 (01:09:46):
It was in the middle of I might say something
which could be interpreted as a Wokes killing comedy, which
I don't think it is. But there is a case
to answer and a sort of new maoist culture, revolutionary
absolutism on the fringes of good politics.

Speaker 3 (01:10:03):
As always you have the the absolutists who.

Speaker 6 (01:10:06):
Suddenly you know, only the purest line will do, and
if you don't follow the purist line, you need to
be sent to a re education camp. And I was saying,
if I say something like that, I'll end up getting
depended by someone like you, and before I know it,
I'm in the other you know, yeah, yeah, because we
have common ground I'm a democracy.

Speaker 2 (01:10:24):
Do you think that's an age thing? Because, funnily, you
should say, because I've dealt with this my whole career,
and that is like, like, I don't know about your
I mean, I can get you politics, so I don't
really care.

Speaker 3 (01:10:34):
I like you.

Speaker 2 (01:10:34):
You're a clearer guy. We have a chat. That's all good.
Whereas a lot of the artists look at somebody like
me publicly and go, hang on, there's something not you
know what I'm saying.

Speaker 6 (01:10:44):
I do, But I mean, I'm I'm I talk about
this on stage. I talk about how many I have
many friends who are Tories. You know, I wrote a
musical with a Tory in fact, dropping a big name.
I got an email from him.

Speaker 3 (01:10:56):
About five minutes ago, and that's Lord Lloyd.

Speaker 6 (01:10:58):
Webber to you, mate, and yeah, we wrote musical together
back in the back in the late nineties. So you know,
I mean, I think Donald Trump has shown us what
happens when kind of hatred and contempt is weaponized, when
when you basically are only interested in your tribe. I mean,
I think that goes for some of the zelots on
the left as well. You know, if you're not with us,

(01:11:21):
you and you're against us, and I think that way
leads down a very very very rocky path, indeed, and
so within you know, within a great deal of laxidity.

Speaker 3 (01:11:31):
I'm you know, I'm happy to for one.

Speaker 6 (01:11:35):
Then when I wrote that musical with Andrew, you know,
some people said, because I publicly support the Labor Party
in Britain, he publicly supports Labor conservatives.

Speaker 3 (01:11:45):
And I was accused of hypocrisy and I couldn't believe it.
I said, I'm an artist.

Speaker 6 (01:11:49):
When you think I asked what somebody votes when I
write a lyric with them, I mean, I have no
idea what Rowan votes.

Speaker 3 (01:11:55):
I really genuinely have no idea.

Speaker 6 (01:11:57):
And I'm sure he wouldn't tell me because he's very
very English in that sort of way, and he would say,
that's you know, that's my business. I mean, you know me,
I wear my heart on my sleeve, and if somebody
asked me, I'll tell him. But I really thought it
was genuinely crazy that I was.

Speaker 3 (01:12:13):
I came under a.

Speaker 6 (01:12:14):
Lot of flak for working with a toy. I wasn't
working with a toy to get a Tory government elected.
I was working with him to write a musical and
I was very proud and happy to do so. And
as I say, he only dropped me a line just today.

Speaker 2 (01:12:26):
Well, as always, we're looking forward to seeing you back
in the country again, So go well on the tour
in the meantime and maybe catch up when you hear Yeah,
well I hope.

Speaker 3 (01:12:34):
So come and please come and see the show. I
think I think you're I think you're going to enjoy it.

Speaker 2 (01:12:39):
I really do, all right, make ketchup so I appreciate it.
Ben Elton, Wellington in twenty six April. Auckland twenty eight
April takes a couple of days off and then on
the second of May is in christ Judge ben Elton
twenty two.

Speaker 1 (01:12:52):
The Make Asking Breakfast with the Range Rover The LA News.

Speaker 2 (01:12:55):
Talks Dead b twenty five. So back to the review.
If you read that review, we learned things as well.
Ben Elton hates Smike COSI do you think that's true?
Having heard them in person? Now, I think we can
place the reviews in the appropriate department, can't we, now,
Mike central Otago, there's no crime to why everyone's moving there.
This is reference back to Auckland at the statistics. If

(01:13:19):
you missed them, The number of luxury homes sold is
down significantly for obvious reasons. But the number is not
down Central Otago. It's up, but it's down in places
like the Bay of Plenty and in Auckland, and it
seems that a lot of people have gone to Central Otago.

Speaker 3 (01:13:32):
Mike.

Speaker 2 (01:13:32):
It highly unlikely that any of our universities will ever
make it into the top fifty, given their headlong rush
to indigenize themselves. Not a bad point, Mike, Those poles
are a joke. Luxon's doing his best fixing the mess
that Labour left. Hipkins won't be smiling for too long.
It'll be turned on its face. Well, I think that's
the thing about democracy. It's the here and the now.
It's the snapshot. Do you feel good about your lot?
And the answers no, fifty to thirty nine or thereabouts,

(01:13:53):
And then who do you blame for? That? Tends to
be the government of the day, Mike. Great to be,
but while the PM says he's busy cranking up the
economy off shore, the rest of us are being asphyxiated
by the morification of every aspect of our every day
lives promoted by our dernists and the taxpayers funded media outlets. Boy,
so you get that off Telegram, Mike, barnacles are a
real bugger on your boat. Very hard to get the well.
I know, I didn't have time to raise and expand

(01:14:14):
with that. When he said we need to get the
barnacles off the boat, I thought, what do you mean,
captain Captain Luxo? Mike, less conversation, more implementation from mister
rolling thunder, please, Mike. Christoper Laxon has a droning voice
and needs to smile with his eyes. He needs to
fix this. Thank you, Sharon, I'll pass that on.

Speaker 15 (01:14:29):
What's happened to all those people used to love the
way that he could speak for hours on end without notes.

Speaker 2 (01:14:34):
We got bored with it. Probably a really good show
this morning, Mike. Well, usually good, but extra good today. Karen.
It's correat made all the difference news for you, and
it's like a Herald review news for you. And a
couple of moments then.

Speaker 1 (01:14:51):
Rod, the only report you need to start your day
The Mike Casting Breakfast with Bailey's Real Estate finding the
as others can't use togs dbs.

Speaker 2 (01:15:02):
He's looking fine so far. On The ratings of the
Super Bowl are households, So it's not the number of people,
it's how many households it's got to. So one household
might have had twenty people, one household might add one,
and Samba TV tells us it's thirty seven point one
million households, which is down a bit ad revenue, a

(01:15:22):
bit over a billion in New Zealand dollars. In terms
of ads that featured celebrities, if you go back to
twenty twenty, only half of them did. It was fifty
to fifty. By last year it was seventy four percent.
This year will be even higher. So essentially, unless you've
got a celebrity in your age, you're going no, we're fast.
Audience gets split all over the place these days, depending

(01:15:44):
on where you're looking. Fubo was involved, and there were delays,
and there was Telemundo and Fox deportees in Spanish language,
so you can go down a rabbit hole basically forever.
But I still haven't got to the bottom of did
more people watch it this year than last year? And
therefore is it the biggest sporting event in the history

(01:16:07):
of sporting events? That question, as I said here talking
to you now, remains unanswered. Twenty two to nine.

Speaker 1 (01:16:13):
International correspondence with ends an eye insurance, peace of mind
for New Zealand business brit in the.

Speaker 2 (01:16:19):
Great Rod little morning to you, mate, Hey, good morning,
Hey do it very well? Indeed, Andrew Gwynn, who's no
longer enders mate, Oliver Ryan. Are they household names? Are
they sort of people you would know? Are not?

Speaker 5 (01:16:32):
Really?

Speaker 4 (01:16:33):
No?

Speaker 11 (01:16:34):
I mean the people I know, because you know I'm
a political nerd. But no, most people will never have
heard of them. It's a difficult one, you know. I
wonder also what people most people will have thought of this.
There's been outright condemnation. Both of these guys were members
of a WhatsApp group which in which they shared frank

(01:16:55):
and sometimes scabrous observations of what was going on around them,
you know, so very offhand. One of them said he'd
like to see a cyclist campaign and mowed down by
a lorry. But it was a joke, you know, it's
a joke. They're both in big trouble.

Speaker 3 (01:17:13):
You know.

Speaker 11 (01:17:14):
My guess is Andrew GUYDD will be de selected. They've
both been hauled out of their beds to give a
groveling apology to the press. Ryan has done exactly the
same thing and said I was misadvised. I should never
have done this.

Speaker 2 (01:17:28):
What do you did it?

Speaker 11 (01:17:29):
Mate? Have some spine and don't apologize for it. It
was basically all these guys were doing was letting off
a bit of steam on WhatsApp, and the Conservatives have
gone for them. You know, maybe it plays well with
the public, in which case I'm beginning to lose grip
of what the public stands for.

Speaker 2 (01:17:50):
Although it's in political terms, a toways the distraction, isn't it.
It's something that the leader of that I, given the
economic circumstances, really doesn't need.

Speaker 3 (01:17:59):
Yeah, of course it is.

Speaker 11 (01:18:00):
And it's a problem for Style because he loses two
MP's as a consequence of it, and he's already lost one,
you know, in Rosy Duffield. So it is a problem,
but it kind of shouldn't be, you know what I
mean by you know, I don't have agreed, without question,
had the same thing happened to the Tories, Labor will
be up and down screaming abuse and demanding resignations and everything.

(01:18:26):
But that's the world we live in. It's a bit
of an a tempto for all the others Murray's you know,
it's just it's something which saddens me rather than angers me,
if you know what I mean exactly.

Speaker 2 (01:18:38):
Immigration, the tribunal the excuses are one thing. The taking
of the excuses, not deporting people, seems to be another.
As something gone horribly wrong here. Who are these people
running this thing?

Speaker 11 (01:18:51):
Well we don't know because they are unnamed. The judges
are unnamed, presumably to protect their own security. But we've
had two cases, I mean, I don't know if you
can credit this week in the last couple of days.
Reported in the last couple of days. One was a
Pakistani pedophile who preyed on barely pubescent girls. Received an
eighteen month sentence for it, and we tried to get

(01:19:15):
emptyported back to his home country of Pakistan, and the
judge decided that it would be unfair to send him
because his family and this is a direct quote, might
look dimly upon his behavior once he returned to Pakistan.
I mean, I am just with disbelief of this. You

(01:19:36):
can't make it up. And it's, you know, the idea
that because his mum might you know, say, oh you've
been very naughty. See, you know, it's just But the
second one was perhaps even more ludicrous. That an Albanian
criminal who'd massed two hundred and fifty thousand pounds through
illegal means I think it was drug dealing, cannot be

(01:19:58):
deported back to his home color because his son, who
would go with him doesn't like the way they make
chicken nuggets.

Speaker 2 (01:20:06):
Abroad there does not.

Speaker 11 (01:20:11):
It is exactly what was said. It is exactly what said.
He is apparently a difficult young man, and he gets
on edge, and he's probably ADHD certificated and so on.
But things like that. And it was brought up in
court that this and this was a contributedly reason for
not sending it back because of the chicken nuggets. And

(01:20:33):
you can imagine how we feel reading this, and you
imagine thinking, how can we send anyone?

Speaker 20 (01:20:39):
Who?

Speaker 2 (01:20:40):
Are these people answerable to the tribunal answers to who?
The Minister of what or the Secretary of what?

Speaker 11 (01:20:45):
I would have thought the Secretary of State of Justice,
though of course the tribute, Yes, I would have thought
it could be the Home Office in this particular case,
could be the Home Office. But but you know, it's
a we can't name either the we can't name the
judge because we're not told them. It's remarkable.

Speaker 2 (01:21:06):
We were talking to Catherine Field and France earlier on
this morning and JD Vants in that particular part of
the world of Macron's is busy about aion stuff, but
everyone's gripped by tariffs. I'm assuming you're caught up in
the steel business.

Speaker 3 (01:21:18):
We are.

Speaker 11 (01:21:19):
We are, though how much we've caught up is possibly
being over reflected in the news coverage which it is
generated here. I have heard the bosses of several British
steel companies saying that this that any tariffs would hurt
them greatly. That being said, Margaret's auch To destroyed most

(01:21:40):
of the steel industry between nineteen seventy nine and nineteen ninety,
and Tony Blair destroyed most of the rest we produce.
I think it's I think it's five million tons per
year compared to what for example, in the Europe it's
something like one hundred and forty one million tons per year,

(01:22:03):
but a quarter of that coming from Germany. So it's
Germany to these tariffs and really angled particularly So.

Speaker 2 (01:22:11):
Sorry, I'm just going to say a quick one before
we go that I've been reading about the Chagos Islands
and the deal change of Prime Minister. Is the UK
in trouble over the deal they've got, in other words,
lease payments and it's inflation adjusted in front loader and
all that, or is that a nov.

Speaker 11 (01:22:29):
No, it's in massive trouble, and it's in massive trouble
over over a huge array of issues, not least our
relationship with the USA, but also with labor MPs having
to explain to their constituents that the money that they're
going to be spending is to give part of our
territory away to a foreign government which is in cahout

(01:22:51):
with the Chinese, you know, and it's a very difficult
cell for those labor MPs and more and more people
within labor. Lord Glassen a couple of weeks ago on
my program on their Times Radio was saying, you know,
this has to be stopped in its tracks, and more
and more people are saying this, and it wouldn't surprise
me if somewhere down the line it was either changed

(01:23:12):
or stopped.

Speaker 2 (01:23:12):
Good on you might catch up in a couple of days.
Appreciated it as always point to make and I'll come
back to the Seymour story. On his letter for Polkinghorn,
the comments made by Oliver Ryan were made before he
was an MP, which then leads to the question, if
you do something before you become an MP, can you
be held accountable as an MP before the things you
did before you became an MP? Sort of like David

(01:23:33):
Seymour wasn't a Minister of the crown when he wrote
the letter. But anyway more in a moment eight forty five.

Speaker 1 (01:23:38):
The Mike Asking Breakfast Fall Show podcast on iHeartRadio powered
by News Talks AB.

Speaker 2 (01:23:45):
Mike, isn't it part of an MP's job to assist
with constituents dealings with government functions? Yes, and that would
be David Seymour's argument, But it's an interesting inside as
to whether or not you could do it as a
cabinet minister. And then of course the detail and that's
where the tintsion arose yesterday between miss to Lux and
to mister Simo. The interesting thing for me is, having
been in a world of robust exchange my entire life,

(01:24:06):
the sort of delicacy with which we look at MMP
we really it's certainly the media's fault apart from anything else.
I don't think wider New Zealand's particularly gripped by it.
The delicacy with which we somehow fail to deal with
adult interactions is a bizarre thing, as though you can
come from three completely different organizations or largely different organizations,
coalesce in a false arrangement that is not of your

(01:24:29):
doing but of the people's doing, and then as a
result of that be expected to behave in a sweet
and light kind of way for a period of three
years while you're dealing with one the economy and two
year survival. And somehow when there's a little bit of
back and forward or a bit of BIFO or a
bit of whatever, suddenly it's the end of the world.
And we don't seem to get a grip on that
we've never really understood what we voted for all those

(01:24:51):
years ago, which is a system whereby people who don't
ordinarily get on one hundred percent of the time, because
if they did, they would be in the same party
brought together artificially to run the place. And somehow, because
David said this and Christopher said that, there's some sort
of massive meltdown the personal organized, Michael Landrover on this say,

(01:25:12):
I mean that what a beat up that was yesterday,
What a ridiculous beat up The person who organized. The
land drover on the steps of Parliament was interviewed a
week ago, was part of an organized tour of the country.
He said in the interview that they were going to
drive it up the steps of the Parliament. It was
a plan to event, not David Seymore being impulsive allout,
even if it was him being impulsive. So well, he drove,
drove an old land drove up the steps of Parliament.

(01:25:32):
Whipby do who cares? So he's a bit fun Old David,
crazy old Dave. If he had driven it up through
the doors, burnt some rubber on the tiles and driven
it back down and you know, gone running off down
the streets squealing, we probably be worried for his mental health,
but he isn't. He was just you know, it was
just a thing. It's just like, calm down. I got

(01:25:53):
to come to Disney. I've got to I've got a
streaming problem to ask you about. In a moment, nine
minutes away from nine.

Speaker 1 (01:25:59):
The Mateos breakfast with Bailey's real estate news dogs dead be.

Speaker 2 (01:26:03):
While we wait for Sky to announce or not announce
their deal with the rugby Union, which will be one
of their major income earners, and there's various stories floating
around about that as to why it hasn't been announced
so far. Disney Plus has announced this morning for Australia
New Zealand, we are the first English speaking markets outside
of North America to launch ESPN on Disney Plus. So,
in other words, ESPN is what you probably watched the

(01:26:24):
Super Bowl on yesterday if you didn't watch it on
TV and sead. So ESPN's all your sport, American sport.
It's the NBA, it's the NHL, it's the baseball, it's
the football. It's a whole bunch of other stuff, include
bowling on there. It's got some tempin bowling, it's got
some wrestling on there these days. Anyway, you'll get that
now as part of you Disney package. If you get
Disney package. My question to you is, if you've got
Disney Plus, you've got Sky, do you drop Sky because

(01:26:48):
you no longer need ESPN because ESPN's on Disney, or
as the All Blacks and the Warriors of important enough
to you to hold on to the sport from Sky
and also have Disney, or if you don't have Disney,
is ESPN suddenly arriving on the Disney platform enough.

Speaker 11 (01:27:06):
For you to go.

Speaker 2 (01:27:06):
I'll pay for Disney.

Speaker 15 (01:27:08):
Do they have the spelling bee?

Speaker 2 (01:27:10):
I don't think it does have the spelling bee? No, no,
I don't think so. Stanley Tucci is on Living this
weekend his second series of Discovering Italy. If you haven't
seen series one, must watch. Series two is going to
be even better.

Speaker 15 (01:27:24):
So it's on ESPN, is it?

Speaker 2 (01:27:26):
It's not on ESPN, It's on Living, which is on
channel eighty seven. I made up a number. I don't
know where it is five minutes away from nine now.

Speaker 11 (01:27:40):
Twenty.

Speaker 2 (01:27:40):
Real house of frequencis eighteen. Speaking of television ad revenue,
over a billion dollars. As I told you a moment ago.
For the Super Bowl, most watch ad was Nike. That's
a hate watch because it petted women against me and
you can't do that anymore. The consensus, though most popular
this one Jeep Harrison Ford.

Speaker 3 (01:27:57):
The longest thing we ever do is live our lives.

Speaker 16 (01:28:03):
But life doesn't come with an owner's manual.

Speaker 2 (01:28:06):
Might have been nice, all right.

Speaker 16 (01:28:09):
Freedom is a roar one man's insurance.

Speaker 3 (01:28:13):
And the silence of another's.

Speaker 2 (01:28:17):
We won't always agree.

Speaker 16 (01:28:18):
On which way to go, but our differences can be
our strength. So choose, but choose wisely. Choose what makes
you happy.

Speaker 5 (01:28:31):
My friends, my family, my work make me happy.

Speaker 3 (01:28:36):
This team makes me happy.

Speaker 2 (01:28:38):
Really, given though my name is that's my owner's manual,
Get out there right your own? That's awesome. Why don't
we have its? Why of that in New Zealand? That's awesome?
Do think he really believes it? Do they really thinks

(01:28:58):
of Jeeps Electric one? By the way, of course he is.
I knew that. What's that program he's on with the Psychi? Yeah,
well you say, I think Katie says he's the weak link,
which I that's what she says. And obviously I don't.

Speaker 15 (01:29:12):
Argue she's got no taste, which we already knew. Just right,
just raise that now, well we already knew that.

Speaker 2 (01:29:19):
Got to go home to the we look at her.
She married, she loves me.

Speaker 15 (01:29:25):
Yeah, because you're just making my case for me.

Speaker 2 (01:29:28):
She thinks I'm really cool and also extremely sicky.

Speaker 15 (01:29:33):
Guilty on all charges.

Speaker 2 (01:29:36):
Living Light back tomorrow, as always, Happy Days.

Speaker 1 (01:29:46):
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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