Full Show Podcast: 11 March 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Your source of breaking news, challenging ovinion and honors facts,
The Mike Hosking Breakfast with Bailey's real Estate, finding the buyers,
others cut use togs heading them open.

Speaker 2 (00:11):
Today We're off to India to try and cut a deal.
We look at the Wellington water meeting which ended in
another meeting and no resignations. Canada, Oh, Canada new leader
in an upcoming vote. The PM for Tuesday, Catherine Field
is among the coalition of the willing in France and
Rob does the business in Britain.

Speaker 3 (00:27):
Husky.

Speaker 2 (00:28):
Welcome to Tuesday. Seven past six. Now for the better
part of the afternoon. Various digital sites lead with the
pole that has won the Labor group forming a government,
and two Hipkins overtaking Luxon as preferred leader. Now, the Pole,
I'm here to tell you this morning, is full of holes,
and I wouldn't put any more weight on it than
I would any other individual set of numbers. But was
the fact that was so heavily covered In fact, it's
on the print version of the Herald as a lead

(00:49):
story this morning, It's on the television last night, television
news last night as well. Was the fact that was
so heavily covered so widely and so long because one
the media are biased and this suits their narrative, or
two it is in fact significant when one leader leap
frogs another and the government grouping is no longer supported
by enough people to stay in power. Should the imaginary
election be held today? Forgetting for a moment that a

(01:11):
pole is only a snapshot, and more importantly, all over
the world these days, poles increasingly account for little of anything.
Let us just quickly dissect why it is not worth much.
The Greens are up over three to ten. Not real?
They have grown almost a third more support, have they?
How it hasn't happened? The Maory Party up over two
to six. Hasn't happened? They've grown a third more of

(01:32):
their support, have they as well? To reach a number
they've never come close to. How's that happened? It's not real?
Act have dropped over two to seven point seven. Now
that might might have happened if the lunch pushback is real.
Hipkins up three possible He's had some good coverage of
late still barks at most cars. But if you're sick
of luxen and Hipkins isn't irritating you too much, maybe

(01:53):
you're warming to them. But here is what I know
from forty odd years of radio rating small players i aie.
The Maray Party, of the Green Party, of the Act Party.
They don't move in such large numbers unless something materially
has changed, and nothing materially has changed. But big butt,
whether you accept the numbers or not, it comes at
a very bad time for the government, who are dealing
with an ongoing, if not mounting, amount of commentary around

(02:14):
the PM and his ability to be a PM. We
can all connect with quite a bit of recent commentary
may or may not have come directly from his appearance
on this show. So these numbers merely extend out the
broader idea that, for whatever reason, Old Luxo has never
really got alongside your average key. We have been accepted
as one of us. And whether you accept the numbers
or not, the real politic is backbenches get nervous, and

(02:36):
when they're nervous, the chatter starts.

Speaker 4 (02:39):
Wo News of the world.

Speaker 2 (02:42):
In ninety second, ten miles off the East Yorkshire coasts,
it's all gone horribly wrong as one ship, seemingly on
autopilot ran into another ship happily packed so.

Speaker 5 (02:49):
Long has collided with tanker Stenna Immaculate in the outer anchorage.
Both vessels are abandoning. Senna Immaculate is carrying Jet E
one fuel which is on fire.

Speaker 2 (03:06):
And here's a maritime risk expert.

Speaker 6 (03:08):
You won't have a lookout on the bridge necessarily, but
if you think about it, there's not much you can
do if you do see it looming at you because
you're an anchor. You can't unless you cut your cable
pretty quickly, you're not gonna be able to get.

Speaker 7 (03:19):
Out of the way.

Speaker 2 (03:20):
The riscue was faster and than imprisible.

Speaker 8 (03:22):
They've done an incredible job in turning their vessels into
emergency vehicles out at sea. And I just want to
say big thank you to the Coast Guard as well
all of those from the East Coast who've gone out
to help in this emergency situation.

Speaker 2 (03:36):
Rd'll head more on this letter on the program. In Canada,
we have a new leader and eventually apply. Minister make Conney,
who's been running banks, has decided he wouldn't mind running
a country started with some gloves off and talk.

Speaker 9 (03:46):
Canadians are always ready when someone else drops the gloves,
so any Americans they should make no mistake in trade
as in hockey, Canada will.

Speaker 2 (03:57):
Win on tariffs. VW might have an exempt from this
morning BMW though don't. I'll tell you more shortly about
that and how that works. But I mean, the whole
thing basically is a mess. And the big worry is
this escalates. This is deeply destructive what they're doing.

Speaker 6 (04:09):
We need to make that case the American people because
they're going to feel it.

Speaker 2 (04:13):
But you know, taking our eye off the ball, I
think is very dangerous, which means you've got to roll
out a Trump crony to run some spin.

Speaker 10 (04:21):
Anybody who bats against Donald Trump, it's like the same
people who thought Donald Trump wasn't in a winner a
year ago. Donald Trump is a winner. He's going to
win for the American people. That's just the way it's
going to be. He's going to win big recession in America.

Speaker 2 (04:35):
He's going to win big lee. Finally, if you missed
yesterday afternoon, that caravan full of extravatives they got all
excited about Sydney back in January, turns out to be
a hoax. For a while, it was an anti Semitic
terror plot. Of course, coppers had it figured, they claim
right from the get go. The caravan was too easily found,
that the explosives weren't concealed and there was no detonator.
They're now looking at charges for the person who quote

(04:56):
unquote pulled the strings. That as news of the world
of night. By the way, keep an eye on utel Set.
This is a French company. Utel Set had quite a
good week last week on the market, went up seventy
seven percent on Tuesday, went up one hundred and twenty
percent on Wednesday, into the week up three hundred and
eighty seven percent. Why they think utel Set might well

(05:18):
replace Stylink in Ukraine A name to remember. Twelve past six.

Speaker 1 (05:24):
The mic Asking Breakfast Full Show podcast on iHeartRadio Call
It by News Talks.

Speaker 2 (05:30):
Be Fun Fact Tuesday. Over half of couples now fifty
two percent in fact, this is a survey, real wedding
study by the not fifty two percent of couples by
lab Grownd diamonds these days one k or one carrot
lab Grownd diamonds about eight hundred and forty five bucks
versus a regular one which is thirty eight hundred dollars.
So you can see where the market's going there, can't you.

(05:51):
Fifteen past second son, Buddy how from JMI Wealth Andrew
Keller her good morning, very good morning, Mike, how good?
A Fontierra, how good?

Speaker 11 (06:01):
Well, I'll skip over the price section the US sharemaker
overnight because that's that's not good. That's a very ugly
starts the week. That's not the case for Fonterra. No,
they gave a positive update yesterday for their twenty five
financial year earnings guidance, and Micael, I think we've talked before.
Let's philosophize for a minute show. I think we've talked

(06:21):
before about how when you get positive announcers for a company,
they tend to come and a run. You know, good
news breeds good news. It does tend to work the
other way as well. But Fonterra it's on a roll.
So they've increased the fully earnings guidance from forty to
sixty cents per year to fifty five to seventy five
cents per share.

Speaker 4 (06:38):
So that's a meaningful lift.

Speaker 11 (06:40):
So those supplies out there who own shares receive a
distribution from Fonterra on top of the forecast farm gate
milk payout. So that's they're looking at ten lows, if
not slightly more. Then they get this extra distribution as well,
So that's just more money flowing into the agri sector.
It reflects the strength of the core ingredients business and
the resilience of the consumer channel. Now there are Fonterians

(07:02):
that trade openly on ins and X. Yes, they climbed
to five dollars forty five. That's up over five percent
or six percent on the day actually now trading levels
we haven't seen for six seven years, I think. And
what do you reckon to Mainland Group, Mike?

Speaker 4 (07:16):
Do you like the sound of.

Speaker 2 (07:17):
Maine do well? It depends on what they do with it.
If they IPO, it'll just flick it off, is the
big question, isn't it.

Speaker 11 (07:22):
Yeah, So busy day for fon Terry yesterdays. They announced
the zernings up great, but they also started their roadshow
meetings relating to the divestment of what is its global
consumer associated businesses. So they're working through a dual process, Mike.
They're looking at a trade sale or you know which
is selling the whole thing lock stock and smoking barrel
or an IPO which means Mainland Group as it's been called,

(07:44):
would be listed on the inside X. Now listeners out
there and you and I could buy shares, which would
be a huge boost to ins X. Admittedly very early days,
no real indication of which avenue they will take yet.
It would be a big part of the INCID index
enz X index that became out. Mike me talking to
a standalone business with revenue close to five billion dollars.
Two hundred million dollars worth of earnings probably go straight

(08:07):
into the top ten index and we'll just wait and
see how that how that process goes. Obviously a lot
of questions as to why they're doing it, but they
say they need to concentrate on what there's their core business,
which is that production collection of the milk solids.

Speaker 2 (08:21):
Yeah, I don't agree with them on that, but that's
been another day. These bank capital ratio, So Nicola Willis
is involved with us, and I'll talk to the Prime
Minister about this later, but this is this is interesting
to see where this goes as well.

Speaker 11 (08:31):
Yeah, I'm raising this MC because I suspect that this
isn't going away and it potentially impacts a lot of
New Zealanders, you know, whereas we can talk about the
funding of the Reserve Bank till we're blue in the face.
But this one actually affects people because amids the speculation
around the resignation last week of Arbenzaid governor Or and
his subsequent immediate departure. One of the points of potential
contention between the government, the rbn said is bank capital ratios.

(08:54):
As I say, I think this becomes a bigger topic now.
The b and Z and their Weekly Economic commentary yesterday
raising interesting points. I'll just work through this. In twenty nineteen,
the RBNZ increased required bank capital ratios. For every dollar
of loans, the bank needs to hold a certain amount
of capital. Now, these new high ratios are being phased
in over time. I think they started phasing them in

(09:14):
twenty twenty two. I think it's over seven or eight
years now. The RBNZ was applying a theoretical test around
an untoward economic event a liquidity shock, using a one
and two hundred year event. That's tougher than they use
in Australia they only use a one in one hundred
year event. Governor reminster finances being restrictive. Therefore, it'll become
a point of discussion between the Central Bank and the government.

(09:38):
BNZ suggests that if the proposed path is moderated. Banks
would have to hold less capital, Monetary conditions become more stimulatory,
banks can lend more. Therefore, you wouldn't need as lower
cash rate, which is an interesting an interesting consequence. Look,
I think it was also talked about yesterday the Parliamentary
Committee when the bank leaders appeared before son't this isn't

(09:58):
going away. There's more to come on this. Where does
the new governor said on this when they get a
new governor?

Speaker 2 (10:02):
Yep, these are good points, Andrew, That's why we pay
you the big bucks. What are the numbers? How about
that now?

Speaker 11 (10:06):
A yeah, well it's all looking quite sick, particularly the
nasdown and then Nazuk at the moment flirting with a
four percent loss on the session. It's three point eight
six at the moment, a loss in the three percent.
We see, we do see that from timetime it clicks
over into four. That's pretty ugly. Tesla under a pretty
un under a lot of pressure, Apple under pressure, and
Video under pressure. They're all worried about recession. Mike Trump

(10:28):
is going to have to deal with this at some point.
Dal Jones is down one and a half percent, forty two,
one hundred and thirty five the s and P five
hundred down two point four percent five six three oh,
and has said the Nazak three point eighty five percent four.

Speaker 2 (10:41):
That's down seven.

Speaker 11 (10:42):
Hundred points seventeen thousand, four hundred and ninety nine overnight.
That puts you one hundred lost point nine two percent
eighty six double oh. The Nicke was down, Nicko was
up one hundred and forty one points thirty seveny twenty eight.
Shang Ho Composite lost six three three sixty six the
A six two hundred game fourteen points yesterday seven ninety
six two.

Speaker 12 (11:01):
We actually had quite a good day.

Speaker 11 (11:03):
Thanks to that Fonterra move partially point ninety four percent
gain on the insects fifty up one hundred and sixteen
points twelve five hundred and fifteen. Kiwi dollar point five
seven two oh against the US point nine oh seven
nine oussie point five two eight one Euro point four
four to three seven against the pound eighty four point
two three is Japanese end. It's risk off everywhere. That

(11:23):
means Bitcoin is under eighty thousand against the US dollars,
so that's falling gold two eight hundred ninety seven dollars
break fruit sixty nine dollars and sixty seven cents.

Speaker 4 (11:35):
That is a I can take a breath.

Speaker 2 (11:36):
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your answer. They were founded in eighteen sixty seven. They
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(11:57):
only on Moosehead's website. Forty two hundred New Zealand dollars
including delivery. Go get it. Six twenty one. Here of
News Talk MB you.

Speaker 1 (12:08):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News TALKSBU.

Speaker 2 (12:15):
Just to insight into the shambles that is this terror
of business. We'll talk more with Catherine. They're freaking out
because they got tariffs due to come in this week.
I think it is anyway, So Volkswagen they're exempt because
they've got enough cars they can make. Not all their cars,
but the cars are making America are exempt. BMW do not.
But even though that BMW apparently they do make cars.
I know they make cars in Carolina, in fact, they

(12:36):
make cars in America, they're not exempt. Stillentis are exempt
as well, so some are, some aren't. So the North
American VW the Stalantas make Jeep and Dodge. They thanked
Trump and they pledged to grow the US operations, which
of course is exactly what Trump wants. He wants more
locally produced cars, which is fine, there's nothing wrong with that.
But you've got these companies, some in some out, some

(12:57):
in Europe going well, hold on, can we negotiate then
before you get to Australia. What a mess Australia turned
into yesterday with Malcolm Turnbull. I have more on that
than just a moment. Six twenty five.

Speaker 1 (13:06):
Trending now with the Chemist, Well's keeping Kiwi's healthy all
year out.

Speaker 2 (13:11):
Elbow thinks he's getting an exemption. He's dreaming now. The
Last of Us is back season two, based on the
game of the same name. Last year, the television show
second biggest launch for HBO since Game of Thrones and
that was a long time ago, became their most watched
debut season ever, averaged thirty two million viewers per rep.
This is where we Live.

Speaker 4 (13:30):
Also defence, What's insane?

Speaker 12 (13:37):
People?

Speaker 7 (13:40):
What's ouse?

Speaker 5 (13:40):
Happen monsters.

Speaker 2 (13:54):
By the time the sun comes up tomorrow, there's a
very good chance you'll be dead.

Speaker 13 (14:06):
You swore.

Speaker 7 (14:11):
Show.

Speaker 2 (14:11):
We've got Pedro Pascal, we've got Bella Ramsey. Their backers
Joel and Elie. April Thirteen's your date available on me
on Mike. Why in the hell is New Zealand fixated
on selling bolk goods with no value add? Surely the
serious money to be made from that model, Andy, I
couldn't agree with you more. And I've said this on
the program several times. What Fonterra going down that track.

(14:32):
It's not like they don't already do it, And it's
not like they're moving into something they don't know anything about.
It's not like they're moving into car production. They already
make these products. There's all ready value add. They just
say we want to concentrate on bolk goods and I
cannot for the life of me. And we need to
get Old Miles on the program and he can explain
it to us.

Speaker 12 (14:49):
All.

Speaker 2 (14:49):
I just cannot, for the life of me work out
while you think bulk is better than value add anyway,
stand by for the news.

Speaker 1 (14:57):
The news and the news make it the My Hosking,
Breakfast with al Vida, Retirement Communities, Life your Way News,
togsad be.

Speaker 2 (15:06):
Now come to Malcolm Turonble. The reason I mentioned Malcolm
Turon Bull is twofold one. Late last night Trump let
lucid them, mainly because he was on Bloomberg Television saying
a bunch of stuff he probably shouldn't have said, given
it such a difficult time for Australia at the moment.
But you go back to the Albanize phone call that
he had with Trump in the early days of the
Trump administration. He came out very buoyant and he started
talking about exemptions and all that sort of stuff. None

(15:28):
of it's going to happen, so it's going to be
an ugly time. And there's also growing pressure on Albanize.
He should have been on a plane to Washington to
try and twist some arms, but he hasn't. He sort
of can't because he's got an electure. Meantime, all of
this is playing out materially on the market. As Andrew
mentioned to Miama Togo, just a couple of months ago,
the Nasdak crashed through that four percent fall, which is material.
So the Nasdak down seven hundred plus. The Dow Jones

(15:50):
is down over seven hundred as we speak. And that's
all because Trump decided that we might well be heading
for a recession. But don't worry, it'll all be okay.
Problem there's not many people believe them.

Speaker 10 (16:01):
In America. There's going to be still recession in America.

Speaker 2 (16:07):
Whatever. We have catspine Field in France on similar matters,
and of course there is a military meeting the Coalition
or so called Coalition of the Willing, of which Australia
is a part of. As far as I understand, I'm
not sure we are, though I'll check on that with
the Prime Minister later on. Meantime, back here, the Wellington
Water shambles got another airing yesterday and one of the

(16:27):
outcomes of the meeting was another meeting. There was some
expectation that the chair would quit. That didn't happen. The
Wellington Water CEO pac do Pat Dockerty as well as
Pat Morning. So you came out all guns blazing for
Nick Leggart. He doesn't deserve to go. Do you think
ultimately he will go or not?

Speaker 7 (16:45):
Look, at the end of the day, that's a decision
for the shareholders. But I'm hoping not.

Speaker 2 (16:49):
Why not?

Speaker 7 (16:51):
Look, he's made a huge contribution to the change and
culture of the organization. People have been reluctant to speak up.
Nick has been the visible champion of one of the
visible champions of that within the organization, and that would
send a very bad message of the first time we
put a hand up and say look, we've made a
mistake and we're fixing it, that the person at the
head pays the price. That would just set us back

(17:15):
again for.

Speaker 2 (17:16):
Everyone around the country hasn't followed this intricately. How many
of you guys are newish and thereforet's kind of not
your fault. And how many of you are still there?
And I'm talking about the executive as well as the board.
How many of you still there that should be held responsible.

Speaker 7 (17:29):
At the executive level, there's I think three out of
eight sort of long serving that are still there. On
the border, I don't think there's been anyone there longer
than three years.

Speaker 2 (17:40):
Right, So what you would argue is, wh're you, We're fresh,
we know what we're doing, we've got it under control.
Just let us try and get on with it.

Speaker 7 (17:47):
Exactly, we're the ones turning over the stones and fixing this.
What we're trying to do is sorry mine, is it fixable?

Speaker 13 (17:54):
Oh?

Speaker 7 (17:55):
Yes, Look there's been a culture of growing our ability
to deliver work and a culture of trusting our consultants
and contractors, and I believe in are more having a
bit more tension on that relationship holding people to account.
Now it's easily fixed and the staff are kin to
make the changes.

Speaker 2 (18:14):
So you're what you're looking to do is simply put
that argument across and maybe hose a few counselors down
who I am assuming want heads to roll for political purposes,
so they can say, look, I got a scalp.

Speaker 7 (18:27):
Some of them are supportive, some of them are very angry,
and they've got every reason to be. All I was
trying to do was present the other side of the
argument so that they have time to think about that
before writing.

Speaker 2 (18:39):
The Prime Minister's comments last week post cabinet that this
whole organization isn't set up properly.

Speaker 7 (18:44):
Is he right?

Speaker 14 (18:45):
Oh?

Speaker 7 (18:45):
Absolutely, Look that the solution for Wellington's water network is
a standalone company that can raise its own send out
its own invoices and borrow its own money and start
pouring some money into replacing our aging infrastructure. So that
is the absolute solution, and that's what we're trying to
do is fix this company so it can be the

(19:06):
basis of a new organization which is supposed to start
on one July twenty six. We don't want the performance
of well this Wellington Water to be an impediment to
getting the right structure in place. So the promise is.

Speaker 2 (19:18):
Bang on what happens on Friday.

Speaker 7 (19:20):
At the meeting, we'll be revisiting there's value for money.
I expect that Rudy be in the chair's hands and
having another discussion about it. But they've now had the
report for a few days, they've heard our start of
the story, and I look forward to the debate.

Speaker 2 (19:40):
All right, we'll probably get you back on talk about it,
but I appreciate it. Pat Docketing, Wellington Water CEO. Nothing
like meetings eight. Don't we all love meetings. It's nineteen
minutes away from seven. Top economic advisor Don Ferrell out
of Australia. He's the Trade Minister. He's over there, well
he wants to be over there, but it doesn't really
matter because they're going to say there are no exemptions

(20:01):
if I walk in. He says, this is Trump's top advisor,
Ken or Kevin Hassett. If I walk in with any
exemptions being considered and offer an exemption, I'll probably get
kicked out of the office. I doubt it's going to happen. Meantime,
Turnbull's on the television last night in America and Trump
gets word Malcolm Turnbull. This is what he says on
truth Social Malcolm Turnbull, former Prime Minister of Australia, who

(20:24):
was always leading that wonderful country from behind, never understood
what was going on in China, nor did he have
the capacity to do so. I always thought he was
weak and in effective, and obviously Australia agreed with me.
Turnbulls just appeared on Bloomberg talked about planned tariff's. Turnbull
said he expected Jijinping to take massive advantage of Trump's presidency.
Where Trump is chaotic, he will be consistent. Where Trump

(20:46):
is rude and abusive, he'll be respectful. And what that
will do is bill trust with countries. And there will
be many countries looking at China on one hand, Trump
on the other, and they will prefer China. So any
exemption that Elbow wanted is well and truly gone. Seventeen
to two.

Speaker 1 (21:01):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at.

Speaker 2 (21:07):
Be getting some Fonterra pushback Mike Rmadieri farmer bolks become
value add It's a huge portion of our product makes
sold with added expertise as opposed to consumer goods expensive
and in competition with ingredients businesses whom others like Nesle
and Mars are much better at ross. Mike, three words
for you. Whole milk powder your best bang for buck
value add to bulk milk solids. Let someone else dick

(21:28):
around making cheese and ice craps. Thank you, Chris. Fourteen
to two.

Speaker 1 (21:33):
International correspondence with Ends and Eye Insurance. Peace of mind
for New Zealand business.

Speaker 2 (21:38):
Catherine, how are you now?

Speaker 7 (21:40):
I'm fine?

Speaker 2 (21:40):
Thank you, mat Thank you for asking this coalition of
the willing? How many are there and how willing are they?

Speaker 14 (21:47):
All right?

Speaker 13 (21:47):
So this is the meeting which is going to take
place probably just underd twenty hours from now here in Paris.
We know that there will be at least thirty two
nations represented at this meeting in Paris. It will be
the chief of staff or somewhere else of a high
rank from each of these nations military. What they're looking
at might is the creation of an international security framework

(22:11):
for or when there will be a cease fire as
a piece of some sort in Ukraine. The French making
it very clear that this is not going to be
people talking about going to the front line. This is
about guaranteeing a future piece in Ukraine once there is
a cease fire framework. And they also need to show

(22:32):
that they are going to be able to take responsibility
for this coalition of the willing europe can do it,
which is why they say the US has not been invited,
specifically not been invited. Now, just a couple of hours ago,
the French military who are hosting this meeting, came out
and told journalists that when they're there, when they're at

(22:53):
the table, they're going to be asking these military chiefs
what they can contribute.

Speaker 2 (22:59):
What do you bring to the table.

Speaker 13 (23:00):
They're going to ask them, not what do you think
can it be done? They want to know what they
can bring.

Speaker 2 (23:05):
It'll be interesting. I know Australia say we've got the
Prime minsterore on later. I just wonder if where they're
I'm not sure this intelligence thing, the US turning the
switches off, and maybe they've turned it back on. Who
the hell knows what's going on? Where are we at
with it?

Speaker 13 (23:17):
This has really got everyone worried. Yes, this idea that
United States has if you restricted sharing of some military
intelligence has got Europeans military intelligence services.

Speaker 2 (23:29):
You're stepping up a.

Speaker 13 (23:30):
Gear and warning that this is just not going to
end well if you like. The head of Germany's security
intelligence has said that one of the worst things about
this now is that the Trump administration is taking a
different approach to nearly every conflict. So they said this
is making international securities concerns worse rather than better. And

(23:54):
the big point they're making miney is that no country
can fight these threats on their own.

Speaker 2 (23:59):
So what they're saying is, look, we're seeing.

Speaker 13 (24:01):
An uptick in Russian spying on Europe. We're seeing an
uptick of Russian planes in the skies above. Europe air
Force is going to have to be in the air more.
But the only way that they can do this is
by having a really complete sharing of information. And what
they're doing, and what they're saying here in France is
you please, the US cannot pull out of all this

(24:24):
just cannot walk away because it's just too much at
stake now.

Speaker 2 (24:27):
Indeed, and there will be all eyes on read this
week and see what comes out of the talks. And
while you're dealing with all of that steel and aluminium.
I'm assuming it comes into place. Unless you've heard something
I haven't, it's.

Speaker 13 (24:39):
Indeed meant to be coming into place twenty five percent
on steel and aluminium exports from the EU into the US.
I mean, just an example of the sort of change
of tone that we've heard in the past, it would
be a European commissioner coming forward and saying, well, we're
trying to work it out.

Speaker 2 (24:57):
We're trying to work it out.

Speaker 13 (24:58):
We've got our people there. The European Union's Trade commissioners
said just a few hours ago that the United States
does not seem to be engaging to make a deal.

Speaker 2 (25:09):
Feel like a weird time, Catherine.

Speaker 13 (25:12):
It's spooky times. I never thought i'd live.

Speaker 14 (25:14):
To see this, mate.

Speaker 2 (25:15):
Good on, you're nice to talk. Catherine Field in France
as Ring and Charlotte Gall the other day talking about
the nuclear umbrella in France and quoting Charlda Gaull, who
said Americans were more our friends than Russians, but the
US two had interests and one day their interests would
clash with ours. You said that quite a long time ago,
ten minutes away from seven.

Speaker 1 (25:33):
The Mike Hosking breakfast with Alveda Retirement Communities News togs
had been Mike, do.

Speaker 2 (25:38):
You think these poles are politically motivated? And should they
be investigated? No, No, they should not. You don't have
to accept them. But it's not a scandal. Not everything's
a conspiracy, Jef.

Speaker 4 (25:49):
Mike, or isn't it?

Speaker 2 (25:51):
What does your take on the Turnbull commentary? China does
play the long game. There is more than the little
truth of what Malcolm said, and say Malcolm wasn't right.
I think undoubtedly he is right. I'm just saying that
Trump doesn't like hearing that sort of talk. Then Trump
does stuff about it. Mike. The thing about China and
Turnbull is he might actually be right because the Chinese
played the long game and they'll be respectful through the
Trump presidency. And Trump isn't he is one hundred percent correct.

(26:12):
And of course the other thing you do, if you
don't like Trump, you're just holding your brief for another
three and a half years and it's done, Mike. The
midterms are going to be the key one. He's got
as money problems coming up and whether or not the
economy's going to close down. Two, he's got the midterms
coming up and the pushback, Believe me, he's going to
be massive coming from certain parts of the Republican Party.
And that's before you then get to the so called
legacy in twenty eight and whether or not you can

(26:33):
find somebody who wants to try and rectify the damage
he's reeking on the American economy. Mike, I'm a Fontier farmer.
I think the consumer business is too important to sell.
It's what helps us connect to New Zealand, and it's
critical overseas and overseas markets they look at what we
do at home before buying grass feed all the way
as somebody who travels extensively. New Zealand's one of the

(26:55):
few places where cows are outdoor three hundred and sixty
five days a year. All that's important. That's my argument
as well, and I'm glad I'm not alone, and I
think that we're not covering it particularly well. It's not
getting the coverage it deserves given the size of Fontira
it's critically critically important to this country that it continues
to do well. And there within their rights, well within
the rights to go look this side of the business.

(27:15):
We want to have maybe an ipo it or flick
it off or whatever. But you've got to have the discussion.
You can't just go and do it. Tip Top I
think was a massive, massive mistake, and we let that happen.
So at least let's have a bit of a conversation
about it. Five minutes away from seven.

Speaker 1 (27:32):
The the ouse. It's the fizz with business fiber take
your business productivity to the next level.

Speaker 2 (27:39):
Here is the nasdeck now crashes through four point eight
down seven hundred and thirty eight on the day. We
go back to mister Lutnick, who's been busy telling Americans
not to worry about the economy.

Speaker 10 (27:50):
But there's going to be no recession in America.

Speaker 2 (27:55):
New York Fedbank Survey of consumer expectations is out this morning.
Things don't look flash. February inflation a year from now
is expected to be around three point one percent. Hold on,
I thought we had inflation under control. Three point one
percent not under control. The Fed wants at it too.
What's going on? Here, our consumers expect every day items
to increase in cost over the next year, things like
food and rent and gas in college, meta costs. They're wrong,

(28:16):
of course, because Trump told us this. Because when you
put the tariffs on, the prices don't go up at all,
crusts go down. It's like magic, It's incredible what happens
be so beautiful, beautiful economy. They also expect unemployment, delinquency,
and credit access to noticeably deteriorate. There's the expectation that
home prices are going to increase by three point three percent.
Problem with that is, of course, is a home price

(28:37):
going up good or bad? I mean, you know, if
you've got a home going up three point three percent,
you'll take that all day long. Most households rate the
current financial situation as quote little change, but expect that
over the next twelve months it's going to deteriorate considerably,
and those expecting it the worst of it report that
it's at its highest level since November of twenty three.
So if you're feeling bad, you're feeling really bad at

(28:58):
the moment. But fortunately none of it will affect us
because the American economy is isolated, is not remotely global
and we of course are rampaging fort economically anyway, so
we're completely isolated from all of this. And so that's
why we're going to India, is that if I explain
that well or not. So we're going to India to
try and finish off not that they think we will,

(29:18):
but I hope we do. But anyway, we're going to
try and finish off this ft aidea that we had
many many many many many years ago. And then we
had a Foreign Minister for the Labor Party who hated
playing say nothing at about a glance. So now we are,
we're finally going up with a very large delegation. Dame
Theresa Walsh is the head of that particular business delegation.
We'll talk to her directly after the news and then
of course the Prime Minister after seven thirty this morning

(29:39):
and just before he leaves the country for the Australian
Open New Zealand Open Champ. Paul Coles back with us
after eight.

Speaker 1 (29:45):
The only report you need to start your day the
mi casking breakfast with the range Rover Villa designed to
intrigue and use Togsdad bently.

Speaker 2 (29:55):
Seven past seven, So the long away to trip to
India for the Prime Minister's off this weekend. Large delegation
to mind you, it's a large market and an etta
is long sort but particularly tricky for a farming country
like ours. Anyway, Dameterris Walsh is leading the business delegation
and is with us. A very good morning to you, Mike.
How big is big.

Speaker 15 (30:13):
In terms of the country or the delegation?

Speaker 2 (30:15):
No, the delegation big.

Speaker 3 (30:16):
Actually yeah, Look.

Speaker 15 (30:18):
The delegation, I'm only being the business delegation along with
Ross Taylor, the former black Cat. We've got about forty
odd people coming on that delegation and then there's also
a community delegation coming along as well.

Speaker 2 (30:29):
Are there specifics you are looking to achieve or is
this a glad handing exercise to warm the relationship?

Speaker 15 (30:36):
Look, warming the relationship is important, but it's definitely it's
definitely more than that. I think there's a range of things.
I think we as a business community need to learn
more about India. There ideals that are currently being done
that will be talked about while we are there, and
there'll be no doubt for the arrangements that come off
the back of it. But it's a good chance to

(30:57):
get in front of you know, chambers of commerce, heads
of industry over there, and actually learn, make ourselves visible,
ensure that we really understand what the opportunities are for
New Zealand, because, as you said, at the outset a
massive economy for us and relatively proximate.

Speaker 2 (31:13):
How much business do you know is done there anyway
in an FTA or whatever just comes in over the
top of that.

Speaker 15 (31:21):
Well, at the moment, I think in terms of New
Zealand's experts it's about one point five percent of our
exports today, which is actually very small when you think
about the size of the economy in India and for
anyone that doesn't know, I mean, within five years it's
probably going to be the third largest economy in the world.
So we've got a lot of growth opportunity here and

(31:42):
in particular in the egg refection. But even outside of that, tourism,
tech education, there's just a lot there to unveil for
New Zealand.

Speaker 2 (31:51):
I don't know if this is in your wheelhouse or not,
but I've got a lot of text traffic this morning
talking about the infrastructure or lack of in India. So
in other words, yes, we want to do business and
they probably there's business with us, but when you come
to ports and stuff like that, connectivity is still an issue.
Is that fair or not?

Speaker 16 (32:07):
It's sort of.

Speaker 15 (32:08):
I mean, I think you know, for folks that have
been to India recently, there are parts of India that
are incredibly progressive. They've got a massive youth population that
are very tech savvy, and some cities are actually incredibly
progressive in different parts. When you talk about connectivity, it's
actually one of the things, speaking as the charity in
New Zealand that we're looking to get out of this

(32:29):
trippers to as we expand our network in the next
couple of years, as we get hold of aircraft, is
actually to look at flying to India. It's been something
we've been signaling and we will be meeting with folk
over there and making that part of the discussion.

Speaker 2 (32:45):
I'm glad you raise that because I was going to
raise it anyway. It seems the weirdest thing that you
can have that size market in roughly our region and
we have no direct link.

Speaker 3 (32:54):
Yeah.

Speaker 15 (32:55):
Look, well I would agree with you, and I think
you know, my favorite party trick is to ask people
if in New Zealand was to fly to one more
international destination. Where would it be and it's normally torn
between in there and the UK, and so yeah, look
it's absolutely on the top of our radar. As you know, Mike,
we're a little short on aircraft just at the moment
with worldwide challenges, but that's going to change and we're

(33:16):
really looking forward to that.

Speaker 2 (33:17):
Nice to talk to you appreciate it. Dame Tories Walsh,
the India Business delegation lead the Prime Minister obviously on
this after seven thirty ten past seven related matters. Winston
Peter's going to meet Marco Rubio. He's heading to New
York and d C. A whole bunch of Trump administration
people and other political contacts, and a bunch of people
at the United Nations as well. So it's going to

(33:39):
be fascinating to see what comes out of that little
north of the border. Very big day for Canada as
the governing party elected a new leader of Mark Carney,
after the resignation of course of Trudeau. Carney, you know
his name from the Central Bank, are both in Canada
and in England or Britain. Usually Trudeau staying on as
Prime Minister while Carney warms into the role and an
election has to be held before October. Bliven myle Otto

(34:01):
a bureau chief, Robert Fops with his Robert Morning, Good Morning.
I like him from his day's banking. Is he any
good as a politician?

Speaker 7 (34:08):
Do we know?

Speaker 14 (34:09):
Well, we don't know that actually, because he's when what
we have seen of him is that he's kind of
a wooden speaker, not surprisingly for somebody who's been a
central banker. And he doesn't really take questions very well,
tough questions from reporters. He's used to more softball questions

(34:30):
from financial reporters. And because he was the favorite to
win this race, he's he's been kind of avoiding a
lot of tough media questions. But he wanted an absolutely
resounding victory on Sunday night, eighty six percent vote from
the Party faithful, which is unheard of in recent times

(34:54):
to see somebody win in the leadership like that. And
that's largely because Canadians are scared stiff of what Donald
Trump is up to with his trade war.

Speaker 2 (35:02):
Let me come back to that in just a couple
of moments. The fact that he's warming into the job.
The fact is anybody saying will look mt if you
want the job, to get into being the prime minister.
Stride a wire or else? What are you doing? Does
anyone signing that? Or is it sort of this is
a good deal.

Speaker 14 (35:16):
Well, he will be Prime minister in the next coming days.
There's a transition to power, which he said will be
seamless and it will be quick. So we expect the
cabinet will be sworn in you know, Wednesday maybe at
the earliest, or Priday at the latest. So that's not
really the issue here.

Speaker 2 (35:35):
Okay, is more of this? Is he more of the same?
Is he trueaut two point out or is he something
completely different for the Liberals?

Speaker 14 (35:41):
No, he's completely different. First of all, mister Kearney has
been the Bank of Canada governor for both Canada and
the UK. He's enormously experienced. He knows a lot of
people in the business community and the international community at
the United Nations. Mister Trudeau came in as a charismenic

(36:04):
son of a former prime minister, but he was only
a high school drama teacher. Mister Carney has Oxford University,
Harvard educated. This guy has a lot of really serious accomplishments.
So you know nobody and that its accomplishments in handling
the global financial crisis in two thousand and eight and
Britain's briax Brexit was one of the reasons why you're

(36:28):
seeing a real surge in the polls from away from
the Conservative Party, which had been leading for a long
time for over a year and a half, double digit
numbers to mister Karney. In fact, when you ask Canadians
who's the most capable person to deal with President Trump
in his trade war, it's as ten to fifteen point

(36:51):
spread between mister Karney and Peter Polyev, who's the Conservative leader.

Speaker 2 (36:56):
Everybody says it's a bioptyber. You got to hold a
but but the going to go early? Is that fair
or not?

Speaker 14 (37:02):
Oh? Yes, they by next week we'll be into an
election campaign for either April twenty eighth or May fifth.
They're going to go right now for two reasons. One,
the momentum is in his way, and you know when
the mentum momentum is going your way, you have to
you take advantage of it. But also, the Conservatives are
cash rich, and they've been running attack ads in the

(37:24):
last week or so on every medium they can find
to try to tear apart mister Kearney's reputation. But when
an election is dropped, all the political parties are on
an equal footing because of spending limits. So that's the
second reason why they really want to get into an
election right away to stop the Tory attack ads against them.

Speaker 2 (37:45):
What a fascinating time, Robert will Stone touch. I appreciate it.
Robert fIF who's the Globe in Male Ottawa? Euroud chief?
You poll out Stateside for you in just a moment
fifteen past.

Speaker 1 (37:55):
The mic asking Breakfast Full Show podcast on iHeartRadio.

Speaker 7 (37:59):
Howard by new talks.

Speaker 3 (38:00):
At be.

Speaker 2 (38:02):
Mike. How can Mark Carney be Canada's PM this week
when he's not a member of Parliament, which is pretty
much required under the Westminster system. Very good question. Quirk
of Canadian law says you don't have to be in
parliament to become the leader of the party and therefore
the Prime minister. In this case, they're called ridings, not electorates.
You get a riding. He's going to go have to
find a riding, so he will stand in the election

(38:23):
as a candidate for the riding that he chooses, and
I assume they'll take a fairly easy one so that
he actually wins it because it would be embarrassing if
he didn't. But nevertheless, that is you have nothing illegitimate
about what has happened in the last twenty four hours.
Unusual but not illegitimate. Approval rating below fifty percent. New
poll out this morning in America for Trump, this is
the Daily Mail Jail Partners approval rating has dropped five

(38:46):
points in a week, from fifty four to forty nine.
The young people are deserting him eighteen to twenty nine.
Is are down eighteen points. But that's young people, isn't.
They don't know what they're I mean, they love it
one day, they hate it the next. Tariffs and the
economy seven and ten seventy percent feel the economy is worsening.
That's largely because it is. But here's the key, and
here's why he might be okay for now seventy two percent.

(39:07):
So they need to see the economy improved by next
year before they start blaming Trump. So he's got some
tailwind and he's got the old honeymoon to a degree.
Mikey seven Am News, and I've been thinking about this
is not a bad point. There's quite a bit of
pushback on this. This morning year seven Am News made
reference to the Maray economy and how much has grown
in the past six years. Regardless of whether that's good

(39:28):
for Maray, it's another example of separatism. Shouldn't we be
striving for growing the New Zealand economy. I've thought about
it a lot lately, and they do tend to segregate
it out, and for what reason I don't know. See
Nitahu for example, South Island Tribe treaty settlement. A lot
of money went their way, They've invested a lot, They've
done extremely well for themselves. Good luck to them. So

(39:48):
are they part of the New Zealand economy or the
Marrie economy? And how do you promote that? Do you
say we're part of the When you go to the world,
do you explain the Marie economy versus the New Zealand economy.
I'm not overly exercised about it, per se, certainly not
as exercised I as I am about a health report
that came out unfortunately on a Friday, and didn't get

(40:09):
anywhere near the coverage it needed. So we'll talk to
the Prime Minister. But more I'll just background it for
you in just a couple of moments. Seven twenty.

Speaker 1 (40:17):
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So my long held suspicion oft produced for the Prime
Minister on Tuesday mornings, that the public service might well
be working against the government seems to have been laid
bare on the Deloitte report into the failed health system.

(41:31):
So as you'll be aware, we're going back to a
board from the commissioner. But what the report seems to
indicate is the board or commissioner is not really the issue.
The issue is in competence. The factor board was replaced
is not about whether it's a board. It's about the
fact they never had control of the money. They didn't
have a plan. They were hopeless, and hopelessness is hopelessness

(41:52):
no matter what the shape of it is. Structurally, more
worryingly is the reportage that tells us what they wanted
wasn't adhered to. It wasn't listened to, it wasn't acted on. Obviously,
in theory, a good governance structure would see this particular
pushback in that go and fix it. But you hadn't.
Competence and rejection dovetailing together, the end result being the
chaos that ensued. Now the report in furs the government

(42:13):
would have been better sticking with twenty Health boards. For
goodness sake. Now, my argument, if you've been listening to
the program for a few years, my argument was always
in a country the size I reckon, we needed about
four DHBs. That felt about right to me. The andrew
Little centralized system always had a Soviet vibe about it,
and then when your centralized system was overseen by buffoons,
you got the result. You did critical critical line in

(42:35):
the report. The center made requests, the district ignored them.
That's sabotage. There were no supporting action plans, ownership, budget impacts, tracking,
reporting or governments none. Health New Zealand did not have
the right executable board level controls. This is yet more

(42:56):
labor party and competency. Of course, all ideology, no delivery.
By the time you had the Brian Roche report out
the other day into the public service generally, surely we
have a case that shows not only do we have
a bloated structure of too many people, but many of
those in that bloated structure and bloating are hopeless and
or undermining what is trying to be done. Doge anyone

(43:18):
asking Mike On the last night's news there was a
story about the increasing value of these mariassets. Tooko Morgan
hah ha, tooko Seid. Our people have managed to break
the shackles of dependency on the crown. To me, that's
good news. So why do the Mari Party in the
media forever portray Marie as a bunch of no hopes,
continuously demanding hand auts with a very very good question,
if you look at the so called Mario So there's

(43:40):
two parts of this. Do you look at the Mari
economy or just the economy. So let's look at the
Mari economy. There are lots of people in the Marie
economy who've done and out of treaty settlements, hundreds of
millions of dollars collectively billions have gone into the so
called Maria economy and many, many, many of them have
done extremely well. They're very sharp, astute operators, and they've
grown their portfolios exponentially, and good luck to them. But

(44:03):
you wouldn't want that to be part of the discourse
because then you'd have nothing to moan about, would you,
And so Debbie and co. Just want to moan incessantly.
People are John Tamahery got a PhD in misery and
so that's all they know how to deal with and
so it doesn't suit there their modus operandi if they
have to spend their days explaining how successful Murray have become,

(44:24):
because then they couldn't keep their hand out asking for
even more, could they? Surely you can join those dots.
Can't be that hard, can it? Prime Minister's off to
it anyway? More on this health report, once again disappointed
it it wasn't given the sort of coverage. Did I
do want to know? Are we part of the coalition
of the willing? Because there is, as Catherine pointed out
quite rightly, there's big military meeting. As listening to Richard
Marles yesterday who's the Defense Minister of Australia, he says

(44:47):
that they're going to be there. They're being represented by
the Vice Marshal and one called die Turtan. Australia's there.
They're handing over the tanks, they're handing over the money.
They are part of the coalition of the willing?

Speaker 1 (44:57):
Are we?

Speaker 2 (44:58):
And if we are? In what form? The Prime minitere
for a Tuesday morning as with us, and of course
we may well touch on the polls as well, after
the news, which is next. You're a news talks.

Speaker 1 (45:11):
The New Zealand's voice of reason is Mike the Mic
asking breakfast with Bailey's real estate, finding the buyers others
can't use togs, dead b Paul.

Speaker 2 (45:26):
New Zealand Squash Open of course, packed house and Christus
record crowd for a squash teamam in New Zealand, which
is good. Anyways, after Australian they take on the Australians.
That tournament starts Today's Got to Buy, So I'm assuming
he's backing himself for the Australian opened as well. Anyways,
back for this up for eight o'clock this morning. Meantime
Prime Minister Christopher Luxe and very good morning to you.
Good morning Mike, how are you today? Very well? Thank you.

(45:46):
Are we part of the Coalition of the Willing?

Speaker 16 (45:49):
Well, we've actually I actually haven't had a dreek chat
with Keir Starmer, but we obviously are good dialogue with
the UK and we're monitoring the situation pretty closely, and
of course, as I've said before, we're open to it,
but that's obviously subject to what is the shape of
a final settlement and you know, but we're very open
to it and we're participating in different conversations that are
going on.

Speaker 2 (46:08):
There's a meeting in Paris tomorrow among military heads. Are
we represented or not?

Speaker 4 (46:12):
Yeah, we are.

Speaker 16 (46:13):
We actually have our New Zealand Defense Force defense at
Tasha in London, who's going to be attending that meeting
in person. And then Mike, we have our chiefs of
Defense down here in Wellington attending virtually. So that is
actually as you know, to discuss post conflict Ukraine, and
we're one of the topics obviously, and you know we
we you know, include as there you know, we further

(46:33):
talk about the coalition of the Welling which has been
led by the UK. We're open to it, but as
I said, conflicts still ongoing. We need to see the
shape of the settlement.

Speaker 2 (46:39):
Ask you about it. A couple of weeks ago, we
were need close working at a decision on boots on
the ground or not.

Speaker 16 (46:44):
No, no, we need it's just all too premature and
too much speculation or you know, we've we'll go through
these meetings tomorrow and we'll see where it's at. We
keep monitoring it really closely, but you know, we really
do need to see the shape of a settlement. You know,
obviously present Zlensky's in Saudi Arabia today and conversations with
the US and Ukraine, which is important. You know, they happening,

(47:07):
which is important because they've got to work together to
get that piece that we need to see.

Speaker 2 (47:10):
Okay, not enough coverage was given to this Deloitte report,
seventy seven pages into the health board slash commissioner, and
it goes back to what I've been asking you a
number of times over the months, and that is do
you think the public service actively work against you?

Speaker 4 (47:25):
Well?

Speaker 16 (47:25):
I don't think so, but it's just that I don't
think there's been a clear expectation on the public service
about what we want them to do. As I said
to you in recent weeks, you know, I expect them
to treat the public like a customer and the health system.
I expect them to be focused on patients first and
foremost come through that lens on every decision they make.
And as you saw on that report, what we had
was pretty woeful management of a complex healthcare system. And

(47:47):
what I'm frustrated with, and I've talked to you about
it before, is you know, we've put record amounts of
cash and we're actually doing a really good job of
actually growing the workforce and paying nurses more than they've
ever been paid, and yet we're not getting good outcomes.
And so that's why, you know, Samon Brown, I think
last week, you know, we started to talk about what
we call primary health care, which is how to get
faster access to a GPS you don't clog up eds.

(48:08):
But we also need the organization to be a high
performing organization.

Speaker 2 (48:12):
It's really organization. Here's your problem. So you got rid
of the board, or really got rid of the board
and put in a commissioner. Now Brown's put in a
board instead of a commissioner. It doesn't really matter whether
it's commissioner a board if you've gotten competence and competences
and competence. But when the set this is a quote
from the report, the center made requests and the districts
ignored them. Now that's not not knowing what's going on.
That's sabotage.

Speaker 16 (48:34):
I think it's in competence. I think the reality was
that was an absolutely botched merger. In the sense of
your twenty dhps that understood their local communities, as imperfect
as they may have been, there was advice not to
whack them all together into one big super model called
Health New Zealand. The middle of a freaking pandemic, they
went and did it anyway. They didn't actually merge the

(48:56):
entities properly, they didn't actually set up a proper organization
with who's accountable for war. They chuck two and a
half thousand more managers than over the top. So the
bottom line is I look at it as to be honest, Mike,
as I've got the money in, I'm getting the workforce growing,
I've got clarity on what I expect the patients to
see at the end of the day and to feel
and to experience.

Speaker 2 (49:13):
But the issue is the delivery of it.

Speaker 16 (49:15):
Sits in the organization. It's an organizational challenge. And yes,
we put a commissioner in for governance because we wanted
to expose and get real clarity about what the hell
was going on. We need to revert that back to
a board, so that was entirely appropriate that he's there.

Speaker 4 (49:27):
For a year to do that job.

Speaker 16 (49:29):
We need to obviously to appoint a new CEO of
Health New Zealand, new CEO of Director General of Ministry
of Health as well, but we need to get the
organizational structures right. You know, when you've got a large
executive team that doesn't meet regularly, that doesn't seem to
know who does what to who, that is just mush
at the center, let alone. By the time it gets
out through the organization, the fourteen layers of management, it's

(49:50):
a real organizational challenge. And the money's there, the workforce
is growing, the clarity about what we want to see
from that system is clear, and it's now about execution
of that system.

Speaker 2 (50:00):
Okay, Nikola Willis is trying to, I'm led to believe,
negotiate her way around these rules that the Central Bank
put in place for the retail banks as to how
much money they need to keep aside for a rainy day.
This is all's thing. If she can do that, does
that still leave the Reserve Bank independent?

Speaker 12 (50:18):
Yeah?

Speaker 2 (50:18):
It does.

Speaker 16 (50:18):
I mean I think she's you know, she's quite entitled
to and I'm encouraging, you know, of her to do that.
Which is to say, look, banks holding less capital, if
it actually ultimately helps it grow the economy, how does
it do that? We should lower interest rates and therefore
that improves productivity and that could add to growth if
we get well.

Speaker 2 (50:36):
And I tool growth about it but I thought that
bank governor's job, Well we.

Speaker 16 (50:40):
Can Nicholas got powers that she can actually get you
some direction over the Reserve governor. Well, no, she's she's
got she's got some influence on that, and so she's
taking advice around what she can do around capital holdings.
She hasn't taken anything to Cabinet.

Speaker 2 (50:54):
There isn't.

Speaker 16 (50:54):
Frankly at this point, Micah timing on it because as
you know, we've also got this FEC Work and Finance
Expendence Committee going into banking competition, and I think when
we actually make moves, we want to make the right
ones and think it all through. So that is certainly
one of the things in the frame, which is you know,
and why wouldn't we do it?

Speaker 2 (51:10):
I mean, like you, but you do have to have
the Reserve Bank as an independent operator. If they say, well,
as Adrian All said, we want this X number of
billion dollars set aside, and the Finance minutster goes, well, no, sorry,
my number is different. That makes you look like Muldoon,
doesn't it.

Speaker 16 (51:26):
No, I don't think so. I think, you know, but
there are powers that Nicola and any Minister of Finance has,
and I think this is entirely appropriate. There was a
lot of debate at the time. It's whether it was
the right thing or not. And frankly, I'm interested in
growth and if this means there's no question regrustrating things
going on, we're.

Speaker 2 (51:42):
All glad All is gone. He was hopeless, But the
point is he was independent on that the banks from
in front of the Select Committee again yesterday, is anything
actually happening with that? They said the same thing yesterday
as they said the other day. They're defending the corner
and good luck to them. But what are you doing
about it?

Speaker 16 (51:56):
Well, there's a number of things, as we've talked about before.
I mean, we've obviously you advice on the capital holdings.
We've obviously taken advice also on getting capital into Kiwi
Bank so it can get more lending, going out to
places we've got further question and going on bank chairs
and CEOs around. You know, while they're defunding certain sectors
in our economy, which is not acceptable.

Speaker 2 (52:16):
Listen to what Antonia Watson said yesterday. She gave an
explanation for that. I don't agree with it. I think
she's wrong, but you know she's going to say that
till she's blue in the face. Question is what do
you can all come forward? They can all come forward.
We'll digest what they all say and we'll put together
a package.

Speaker 16 (52:28):
But when we make the interventions, we want to make
sure that it's quite comprehensive and thought through and there's
a package of interventions that actually makes.

Speaker 2 (52:34):
Sure And when are those interventions coming well?

Speaker 16 (52:38):
As I said, capital, she's taking advice on the KI
bank piece. She's taking advice on the capital piece. The
FEC thing is still running its way through, particularly around
rural banking and around defunding and general questions around banking competition.
That'll come together in the next few months.

Speaker 2 (52:51):
Okay, why taking tribunal Richard Preble quit when you're going
to do something about that. Not Richard Prebble, but the tribunal. Yeah.

Speaker 16 (52:58):
I mean, well, we've said for a long time and
we've got work underway.

Speaker 2 (53:02):
The students. There's a lot of work away. There's a
lot of pieces work, a lot of pieces moving, a
lot of time. Gee, oh my god, action time. I
would say to you, my friend, that there is been
a hell of a lot of action on health. Has
been a hell of a lot of action on an infrastructure.
Something is a hell of a lot of action going
on into you. That's just the last three weeks. Sorry.
In that case, when you try to do something about

(53:23):
the way tank intribute, yeah, we're just wigging them up. Well, no,
we want to. Basically, I just made a which side
of the debate you're on.

Speaker 16 (53:30):
Everyone says in a post treaty settlement world, you should
be thinking about what's their role going forward. That's a
legitimate question. It's a pretty big question because it's been
that you know, we've had it around since nineteen seventy five,
and so that's the work that Tama, Poe, Tucker and
others are kicking off, and so that needs to be
properly thought through. We'll bring that to cabinet, we'll have
a conversation, we'll come out again, he's got work underway,

(53:53):
already started that work, and we'll have more to say
about that.

Speaker 2 (53:57):
Am I impatient or something?

Speaker 16 (53:58):
I just like just I just think it's just made
no disrespect. But we're working harder than any other government.
We're putting through more legislation to get things changed and
sorted than we've ever done. We inherit a hell of
a mess and you know, we're we're working freaking hard
every single day to make sure that we're cleaning up
the mess, but more importantly seeing the country up for
great success. I think, you know, to bring one hundred

(54:20):
investors here that have got six trillion dollars for a
government that's you know, under successive government's never really been that.
You encouraging of foreign capital come to the country.

Speaker 2 (54:28):
That's good, that's good, it's all good.

Speaker 16 (54:29):
Just get freeway to Northlands.

Speaker 2 (54:32):
You know, are you going to get Do you go
to India with you? Will you sign something in India?
Will something tangible come out of India? Yeah, I'm sure
there will be, but we sure there will be. I mean,
you don't go to India without knowing this stuff. Something
going to come out of this.

Speaker 16 (54:45):
You will have to wait till we get to India.
But what I'm saying is you've got you can't give
up on India like the last lot. You know, we've
got to It's a big country, biggest in the world's
third biggest economy, massive geopolitical player now in a multipoler world,
massive desper here at home, so security, trade, you know,
peopled links, that's important. We've had to build back the relationships. Frankly, Mike,
in the last fourteen months they were non existent. And

(55:07):
I think we've had really good engagements with trade and
foreign affairs and defense and prime ministers and presidents from India.
And you know the fact that our promise to mode
has invited us to India isn't something that's done lightly.
I'm the first promise to go in a long long time,
and it's important. That's the next stage of just keeping
them momentum up, so we deepen up the relationship and
all the.

Speaker 2 (55:25):
Next time travel. Well, see you in a couple of
you're not here next week. I take it you want
to do one from India. I'm in. If the time
zones work, I'll do it. Course there they always work.
I'm up twenty four to seven. If you're up twenty
four cent, well let's do it next Tuesday. Come on,
any time you worry name, what do you there? I'm
twenty four to seven. I'll say, yeah, dan'g you worry?
All right? Good ball, befoord to it next Tuesday. Christopher

(55:46):
from India thirteen away from.

Speaker 1 (55:48):
Eight The Mike hosting Breakfast Full Show podcast on iHeartRadio.
Power by the news talks.

Speaker 2 (55:54):
It'd be if you can be bothered, get hold of
the Deloitte report. It's only seventy seven pages. It won't killer,
just gives you an insight into the level of incompetence
in this country that we are dealing with. And a
very good and related matter. It's to be found on
the Herald this morning in the media world. This is
at Auckland Transport their outdoor advertising contracts. It's a massive contract.

(56:16):
It's a three hundred and fifty million dollar contract over
a ten year period. It's been going on forever. The
new contract should have started on Gen one, did it No?
Why not? They won't say it's all public money, it's
all rate payers money. They're going to send out another
run RFPA request for proposal process this week. They hope
the new contracts will be in placed by the end

(56:37):
of the year, just the one year late. So they
pulled the pin back in December after an eighteen month process,
eighteen months to achieve literally nothing. And in the article
this morning it's very good Sea. You have three contractors
who've collectively dedicated six hundred hours to the outdoor tender
between June of twenty three and December of twenty four.
That's eight hundred thousand dollars down the toilet. Two full time,

(56:58):
eight staff members. They're earning somewhere between one hundred and
ten and one hundred and seventy. The other win earning
between one hundred and thirty and a couple one hundred
thousand dollars. That's right, working for at a couple of
hundred thousand dollars. Very nice. So add those together you've
got well in excess of a million dollars that has
been spent of rate payers money conducting officially thirty five
meetings to achieve as of this point, literally nothing. And

(57:22):
it's that sort of an adequacy and incompetency that is
holding this country back, both at local and national level.
Ate away from it.

Speaker 1 (57:30):
The Mic Hosking breakfasts with the range rover Villa News
togs headb.

Speaker 2 (57:35):
I'm holding back my main negotiating weapon. They just rang
back and they were whining already about the hours and
how we're going to do this and how we're going
to sort it out. My main weapon in negotiation is
John Key used to do it. How do you think
that's going to go down? Mike? What a delight and
he did too. He used to infuriate the gallery because

(57:56):
of course the idea is the gallery travel with the
Prime Minister, and so they get the Prime Minister exclusively
to themselves, and then he'd ring me and they'll.

Speaker 14 (58:03):
Go hack him your ringing, Hosking.

Speaker 4 (58:05):
I think you used to infuriate his own staff as well,
because they would tell us now quite specifically, that he
wouldn't do.

Speaker 2 (58:12):
It, and then then he did. Yeah, exactly. So anyway,
so we're still negotiating on that. And I will not
take no for an answers. No reason why the prime
ministers just because you're an India you can't ring us
and talk to us on the program. It's not like
something magical happens. And I'm sorry, I'm overseas. The phones
don't work. I mean, he could say, look, I took
I took the air Force plane and I don't know
where I am and there's no communication. Now I may mean,

(58:33):
I fully understand that, Mike. What a delight, thank you?
Oh no, sorry, but what a delight. What other prime
minister would have such a relaxed professional relationship and a
good old laugh with the radio host. Good on you,
Thank you, Peter, Mike, you're ongoing attempts to belittle lux
and are starting to do with and well, I don't
know where I'm at here. I mean, what's what's going on?
I got to love I got to hate her. Hey,
stop demanding exact dates and times. Well I wasn't demanding

(58:56):
exact dates and times. I said, have you got a
time frame? It's not really I'm not saying is it tuesday?
Is it tuosed that twelve? Is it choose that one? Fifteen?

Speaker 4 (59:03):
That would be good.

Speaker 2 (59:04):
It would be good, of course it would be good.
But me, i'd be demeaning there, Glennam, I'd be belittling them.
So I don't do that. I just ask for rough
time frames. But at least one of you thought I
did a good job. I don't have to be here,
you know only I'm only I'm only here.

Speaker 4 (59:17):
For when you're past retirement age.

Speaker 2 (59:20):
I don't have to be you won't be gone.

Speaker 4 (59:22):
Get rid of me.

Speaker 2 (59:23):
Paul Cole won the New Zealand Open of course over
the weekend. Fabulous. Send these off to Australia who hopefully
do the same thing. So we'll look forward to the
catch up in a moment.

Speaker 1 (59:32):
Mike Hoskame would be sateful, engaging and vitally the mic
casking breakfast with a Vita Retirement Communities, Life your Way,
news togs.

Speaker 2 (59:42):
He'd been markets through in three four The Dow Jones
currently with a fifty something minutes of trading to go
for the days down eleven hundred and fifty fifty two
fifty six down to forty one thousand, six hundred and
forty five. The Nasdak has cracked through earlier on this morning.
If you weren't listening, Andrew Kellahs says, occasionally on a

(01:00:03):
really bad day and a really difficult to hear read,
you see a three percent full on the Nasdak. We're
seeing four point six and counting, and so this is
all over tariffs, it's all over the economy. But don't worry.
Don't worry. They know what they're doing. At is seven
minutes past eight. A good start of the year for
our biggest name in squash. Full col defended as New
Zealand title of the weekend, as we told you about.
Of course it's onto The Australian Open begins today. But

(01:00:25):
he's got a buy so that gives him a chance
to jump on the phone have a word with us.

Speaker 3 (01:00:29):
Good morning, Yeah, good morning, thank you.

Speaker 4 (01:00:31):
So how did the.

Speaker 2 (01:00:31):
Weekend feel for you? I mean, gives must be a
bit special given the old hometown.

Speaker 3 (01:00:36):
Oh, the whole week was pretty special. From you know,
when I walked in into the venue on Monday, I
could I just put this weird sort of feeling that
it was going to be a wicked week and the
venue was special with anybody in it. And then when
it was you know, in the weekend, when it was
atacked or twelve hundred people, it was something a memory
that I'll sort of cheer USh forever.

Speaker 2 (01:00:56):
Now did it sort of look any different? I mean
that stage or the core on the stage. I mean,
it's not the first time it's ever been done, obviously,
but from a player's point of view, from an esthetic anyway,
it was absolutely brilliant. As a player. Do you notice
it doesn't matter one hundred percent.

Speaker 3 (01:01:11):
Yeah, Like I think everyone when they walked in they
sort of got that feeling of, you know, it did
feel special and it felt different. And I think you
can tell by everyone thought it was really up for
the tournament and really wanted to do well and play well.
And I think that just goes to show how good
the sort of venue set up was. I think, you know,
as soon as you get something like that, you can

(01:01:31):
see the players feed off the energy and the atmosphere
that are there. So it was a really good week
everyone involved, Like for me especially obviously, like you said,
being my hometown. But you know, I know all the
people that came from abroad had such a good time,
and you know, the crowd welcomed them in the true kay,
So it was great to see.

Speaker 2 (01:01:48):
And what about the pressure did you feel that, given
you know, you're defending the title?

Speaker 3 (01:01:53):
Actually not so much, to be honest, I sort of
the last couple of years I probably felt a bit
more pressure playing, Yeah, but this I just sort of
went in the mindset that I really just wanted to
soak it all up and base it rather than try
and block it out. So I had a lot of
my family there and I was just just hanging out
with them during the day and enjoying it. Then you know,
when I went to play and seeing the crowd, I

(01:02:15):
just sort of, you know, really soak it up rather
than trying to block it out. I think, you know
sometimes and I try and block it out, that it
actually creates more more pressure and more nervous nervousness there.
So I felt mentally felt great all week and you know,
just trying to try and use this as a bit
of a leaping board for the for the rest of
the season.

Speaker 2 (01:02:32):
And when don't we talk about the hometown? I mean,
is it is it really a hometown? I mean, christ
You you came to board, didn't you.

Speaker 12 (01:02:38):
Yeah.

Speaker 3 (01:02:38):
No, I'm definitely a Greymouth boy through and through, but
I came over here to do boarding school, so I
have a lot of friends and most of my squash
was played in christ Chip so definitely feels like a
bit of a home for my squash specifically. But you know,
I'm always a grave enough for you. But yeah, like
it was a it was a good week to see
so many familiar faces that I, you know, played into

(01:03:00):
club with on a Tuesday night.

Speaker 2 (01:03:02):
Now the sport itself, I mean there was a record
number of people watching that our Sun for example, he
was at the Edinburgh Squash Club. They were all watching it.
It seems squash has got a bit of a thing
going at the moment.

Speaker 3 (01:03:13):
Yeah, I think so, mate, for sure. We just got
into the Olympics for the first time. Which is a
great boost for squash. But seeing this week at christ
Church and the New Zealand specifically, it's it's taken off
a lot.

Speaker 14 (01:03:25):
Man.

Speaker 3 (01:03:25):
There's a lot of support around the sport in New Zealand,
which is great to see. We've got a young junior
coming through now which is really nice to see as well.
So as in a pretty healthy shape in museum I think,
and you know, if we can get a few more
juniors coming through and pushing onto the international stage, that
would just be like that next step that we need.
But it's definitely a healthy community here and that just

(01:03:46):
showed the numbers of ticket sales this week and.

Speaker 2 (01:03:48):
Chrish it fantastic. Listen, hold on mate, we'll come back
to you just a couple of moment talk more squash
and talk about the rest of the year coming up.
Paul cole More shortly eleven past.

Speaker 1 (01:03:55):
Eight The Mike Asking Breakfast Full Show podcast, a hard
radio car It Bay News Talks, It be.

Speaker 2 (01:04:03):
It set Me fourteen past day Paul Coles, I guess
on his way to was trading for the open there
actually speaking to him as Paul, let me, I'll come
back to the Olympics in just a moment, But so
what have we got. You've got a title the other
day in America, you got the title over the weekend,
So so it's a good start, good year.

Speaker 13 (01:04:17):
Yes it was.

Speaker 3 (01:04:18):
I've been playing really well. I just haven't been getting
the you know, the winds of the tournaments, and you know,
that's probably just putting a bit of pressure on myself
to win the events. So, like I said, this week,
it was more about soaking up the atmosphere and enjoying it.
And I played the best squash I'll played all season
and got another title. So yeah, definitely feel feeling good

(01:04:39):
in the mental space. And like I said, my squash
has been there all season. I feel like I've been
hitting it really well, just not quite pissing it all together.
So yeah, I made I'm looking forward to pushing off
for the rest of the season, Excited to keep playing.
Like I said, mentally, feeling really good now and the
squash is there. So I got a couple of big
events that I'm really targeting coming up and just looking
forward to those.

Speaker 2 (01:04:59):
I was going to ask about that, actually, So of
all the tournaments you can play, how many do you
target and how do you balance that up? You know,
with travel and fitness and fatigue and stuff like that.

Speaker 3 (01:05:08):
Yeah, we've got probably nine big tournaments a year now,
so obviously I try and I try and not play
too many events before them. That takes a bit out
of you. So normally try and have like a training
block before the big ones, which is I said about
nine a year, and then pick color ones around that
that's at my timetable. Obviously open for me is one

(01:05:29):
that I always target and want to feel good coming into,
so that's you know, we take that off. But then
I've got Will Champs in May, so just sort of
trying to plan in a schedule where I'm not too
fatigue from travel or tournament play going into that one.

Speaker 2 (01:05:41):
And as far as Australia goes, having got this title,
is it the same field roughly, so you'll go and
feeling pretty good about winning in Australia this week as
well or not.

Speaker 3 (01:05:50):
Yeah, definitely top threve in that one as well. So
the draw definitely is pretty similar to the couple were
coming from overseas because it's a slightly bigger event. But yeah, basically,
you know, my jaw is actually eily similar as what
it was this week, so yeah, looking feeling confident, and
I'm feeling energy wise, feeling pretty good. So I have

(01:06:10):
a lot of friends and I as well. I have
I played a lot of my squash there when I
started that professional so I haven't been back there and
you know, ten ideas, So looking forward to to kicking
off there in a few days now.

Speaker 2 (01:06:21):
You mentioned the World Champions in Chicago this year, and
I know there's another big one in Washington coming up
as well. Is America playing an increasingly large role or
sort of omniprison and squash or am I just making
that up?

Speaker 3 (01:06:31):
No, They've always got you know, it's quite a lot
of importament's floating around in America. I think it's quite
the problem they have is squash has paid in you
know a lot of country clubs where the joining sea
is very very expensive, so not everyone has the access
to play squass there. But there's a definitely like a
like I said, a lot of sort of courts and

(01:06:51):
stuff around. It's just getting the accessibilities to everyone. I
think the Olympics, especially being in America, that definitely making
this was that and I think that's a whole lot
of centers that are are more public rather than private
which is is great to see. And yeah, like there's
definitely some really strong woman coming through and some younger
guys coming through as well. They're doing really well at

(01:07:13):
the junior level now, so their program is doing well.

Speaker 2 (01:07:15):
So in general you would argue, what in terms of
talent and players and young people coming through the game
is improving.

Speaker 3 (01:07:22):
Yeah, exactly. There's definitely definitely some more countries getting involved,
which is great to see, and some countries that you
might not expect, like used to be a powerhouse and
Aussie but you know, they're not sort of there anymore.
But there's a few more countries like America stepping up
and it's great to see that the sport's going quite
global now.

Speaker 2 (01:07:41):
And when you mentioned the Olympics, I mean, have you
thought about how you target that? What does it mean?
I mean, as a world championship more important than a
gold medal, advice versa, it doesn't matter.

Speaker 3 (01:07:50):
It's been quite funny for me, as you know, I'm
late in my career, but it's it's like a new
process from me. I've never had an Olympic campaign and
so i'm you know, speaking to a few people from
high performance sport just on how you sort of prep
for an Olympic campaign, which is it's quite weird because it's,
you know, a four year process, and like I said,
this is I'm thirty two, and this is the first

(01:08:11):
time I've sort of thought about a four year plan.
I've always thought about having World Champs every month one
it's once every year, but this is obviously like a
four year plan. So it's quite cool to experience it.
And you know, you sort of when you get involved
with prepping for an Olympic Games, you really feel how
important it is. So I'm super excited for that. But
you know, I've got a few will Champs between now

(01:08:33):
and then, so I'm sort of focusing on the World Champs,
but definitely in the Olympics. And there's something pretty big
for me.

Speaker 2 (01:08:39):
Fantastic. And when you talk about late in your career,
what are your thoughts around that, what are you looking at? Physical? Mental?
Bit of both?

Speaker 9 (01:08:45):
Yeah, both.

Speaker 3 (01:08:46):
Obviously, I think squash is a very physical sport, so
if you don't, you know, I'm pretty smart of my body.
But you know, I mean, age is definitely a factor.
If you start slowing down, then it's just a disadvantage
purelyer there, so it's about, you know, keeping my schedule
and my training that keeps me in shape too later
in my career. But I mean the way the technologies

(01:09:07):
go in these days that you can play till you're
thirty five for six thirty eight, it's obviously just a
lot depends on the sort of physical side. I think,
you know, mentally it's pretty easy to get up for
a little bit game or a World champ, so it's
not really an issue. But obviously that's the body's not
doing what the mine wants to do, then you've got
a bit of an issue.

Speaker 2 (01:09:23):
Brilliant. Congratulations again on the weekend. Go well in Australia
this week and hopefully we'll talk again before the end
of the year.

Speaker 3 (01:09:29):
Thanks quite really appreciating cool.

Speaker 2 (01:09:31):
Nowhere is it all talk? Sir Paul Cole on his
way to Australia for the week. It's a what has
he got? He's got after this one? He's got the
German Open, some champs in London, the Manchester Open, then
the World qualifying. Then you've got the big International Open
in Egypt in the early part of April. It must
be interesting. We should talk to somebody about it. Sometimes,
you know, when you're thirty five, thirty six, thirty seven.
You're thinking, right, this is coming to an end.

Speaker 4 (01:09:52):
What next?

Speaker 2 (01:09:52):
Big decisions? Ay, Interesting decisions nineteen past eight. The Make
Asking Breakfast with Bailey's real estates to no, you know
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you park. It works a treat. The rearview mirror gives
you vision without passengers. Heads in the way. So that's
clever air quality in the cabin, electronically controlled. In the
Meridian sound system, that's absolutely top notch. You don't realize,
funny enough, I drove another car to work today and
you don't realize when you've got an ordinary stereo how
good the Meridian actually is when you're hearing it. Anyway.

(01:10:55):
Best of all, when you get into the rain Drover
evoke before the end of March, they'll include the next
home charge a complementary So visit your local retailer today
in Charge into the future with the rain drawbery Bok
absolutely fantastic. Arsky Range Road is being serviced at the moment.
There's nothing more. There's nothing. Am I just weird? Don't
answer that. There's nothing more enjoyable than taking your car

(01:11:16):
in and giving it to them and then wandering around
because the place that services also sells them and you
just wander around for like well ours sometimes Well.

Speaker 4 (01:11:27):
I hope you're not. So you're driving around some clunky
courtesy car, are you?

Speaker 13 (01:11:32):
No?

Speaker 2 (01:11:33):
I am driving around in a courtesy car, but it's
not clunky.

Speaker 4 (01:11:35):
Well, it sounds like crack stereo.

Speaker 2 (01:11:37):
It could use an upgraded stereo it could use an
upgrade stereo. But the rest of it's very good.

Speaker 4 (01:11:42):
Is that one? And because you put on the radio
and it's if it's not set to.

Speaker 2 (01:11:48):
It's always on ZB Yeah, yeah, it's always on. It's
locked on.

Speaker 4 (01:11:51):
Has it got a slot for your stick?

Speaker 2 (01:11:54):
Do you know what? It's such a sophisticated modern car.
I went straight to the touch, touched it up.

Speaker 4 (01:12:01):
Oh so you mean, hang on, it's not like a
a late two thousands Corolla, not like my old it's up.

Speaker 2 (01:12:11):
Touched it up, off of me options. I've hit a
few buttons and next thing I know, I'm playing Morgan Wollen.
Can't go wrong, Mike.

Speaker 4 (01:12:17):
It looks like a big screen. Is it electric?

Speaker 2 (01:12:20):
It's not? Certainly not electric. It is not electric. No,
it does not. I don't watch TV one news much
these days. I love people who start with that. I
don't watch television anymore. But just on the one night
I happened to I saw this last night Andrew Bailey coverage. No,
you've got this wrong. They were waiting for him at

(01:12:41):
the airport. No they weren't. That was old footage. It
was file footage. Don't get too confused. The point I
raised with the textan soverea point is was Andrew Bailey
not a story? Or is that not a story? The
guy has gone on holiday? Are we now covering people
who go on holiday? And just because he's gone to
base camp at Everest? Who doesn't go to base camp
at Everest? We've all been to base camp at Everest.

(01:13:01):
Come on and he rides a yack and he wanted
to run. You know, good luck to the guy, so
he made a very good If you want an insight
into luxem have a look at his press conference yesterday
post cabinet and when the person I think it was
Ben at cumber Patch of TV one who asked that question,
and I think you watch Luckson's face, he literally physically

(01:13:23):
reacted to it, and it gives you an insight into
the fact he's actually a nice guy. And the inference
being that somehow because you quit, you're not allowed to
have a holiday and the country's going to stop.

Speaker 4 (01:13:35):
You got to remember the let's go squealy into your
moan if your bum's on fire, that you put it
out quest because we wanted a guy in charge of
the country who knows how to run a business. But
then when he runs the country like a business. We
don't like it because in a business, regardless of whether
somebody's resigned, if they asked us some leave, you generally

(01:13:56):
give them some leak.

Speaker 2 (01:13:56):
You've got to generally give them some leave.

Speaker 4 (01:13:58):
But if you're in trouble as a politician.

Speaker 2 (01:14:00):
Like if you're not a nice guy and ask for leave,
we want you to stay stating there so we can
ridicul use some more, engage.

Speaker 4 (01:14:07):
Us and throw some vegetables at you rather than let
you write a yack.

Speaker 2 (01:14:11):
Couldn't agreement. And that's before I get to the tweet
this morning from the Radio New Zealand reporter, which does
mean are you allowed to tweet editorially speaking if you're
a Radio New Zealand reporter, isn't it? Is that a
fair question to ask? Anyway, I'll give you the full
details on us right after the news, which is next
your news.

Speaker 1 (01:14:30):
Talks, evil news, opinion and everything in between. The mic
hosting break best with the range rover Vilain designed to
intrigue and use talks he'd.

Speaker 2 (01:14:41):
Be Jones closes in about twenty two to twenty three minutes.
Is trying it's very best to claw back some of
the losses for the day, but down the eight hundred
and fifty points. At the moment, the Nasdak's an even
bigger blood bath. Mike I was talking to a member
of lux AND's trade visit to Vietnam. He said, of
New Zealanders, knew how good our prime minister is, he
would have no problems. Apparently he's amazing working the room,
talking to everyone in the Vietnamese loved him. After the

(01:15:04):
past couple of years, you would think we'd be over
show pony prime ministers, but it would seem we prefer
a lack of substance. Ninetil. It's a very good point
you make, and I reference Jason Wall's piece, which I
think was not this last Saturday, but the Saturday before
when he came back from Vietnam. Essentially look it up.
It's worth reading. He essentially says the same thing. But
that doesn't change the fact that you can be good

(01:15:25):
at one bit but not necessarily good at another. And
polls are real to the extent that even if you
don't accept yesterday's pole, which I think anyone with half
a brain wouldn't for reasons I outlined earlier in the program,
but it nevertheless, it's a thing there is a disconnect
between Luxeon's ability to connect with regular in New Zealanders
and his ability to do his job as Prime Minister.

(01:15:47):
They're two separate things. One he's struggling with and whether
or not that becomes an ongoing, if not bigger issue,
it's something we watch and wait. Well, I guess twenty
two minutes away from.

Speaker 1 (01:15:56):
Nine International correspondence with ends in eye insurance peace of
mind for New Zealand business.

Speaker 2 (01:16:03):
From Britain road morning to you.

Speaker 12 (01:16:05):
Good morning mate.

Speaker 2 (01:16:06):
So I've got one ship packed, I've got another one
on autopilot. What can possibly go wrong?

Speaker 12 (01:16:13):
Well, indeed, and it's what those ships were carrying. You
couldn't have confected in your mind a more dangerous combination.
One ship an American ship conveying jet fuel kerosene presumably
to Ukraine actually, and the other one carrying twelve huge

(01:16:35):
clusters of sodium cyanide. And this collision happened in the
Humber Estuery, just outside the Humber Estuary on the east
coast of Britain, at the northeast coast of Britain, next
to a very very environmentally important area for birds and wildlife,

(01:16:57):
and there's a huge worry. The worry firstly about the
kerosene that will undoubtedly which we know has spilled. It's
burning off at the moment, but we know that it
is lethal to wildlife, but not as lethal as sodium cyandite.
And we don't know whether any of those canisters have
ruptured yet. But the scenes that I'm looking at, you know,

(01:17:22):
from the Humber don't look terribly good. Billowing black smoke,
tugs in attendance, thirty six people brought home from the ships,
and the Humber restureally closed to all traffic, the Humber
port of Immingham incidentally being the second most important container
port in Europe.

Speaker 2 (01:17:42):
All right, well, we'll see what happens over the next
day or so. Because they're worried about the environment. Obviously,
this guy Amesbury is quit run corn and hillsby fifteen
thousand majority.

Speaker 3 (01:17:50):
Go take it.

Speaker 2 (01:17:51):
We've got a buy election on him.

Speaker 12 (01:17:52):
We yeah, we've got to buy election on And one
would normally say this might lead us in what we
talk about next, that it would be a kind of
open goal for reform. UK Aims re held the seat
at the last election with a huge majority. In fairness,
you know, fifty two point nine percent of the vote

(01:18:14):
over a Reform who came second with seven thousand. He
got twenty two thousand. But such as the state of
the Labor Party at the moment, although it's had a
bit of a bounce from Secure Starmer's endeavors abroad, but
not much of a bounce. But reform itself is in
huge trouble, and that that's the story, which is when

(01:18:37):
you talk about reform is dominating headlines at the moment.
So you know, you would guess, you would guess that
if there were a by election tomorrow, reform would we
But it's not that straightforward.

Speaker 2 (01:18:48):
No indeed, So Rupert how allows your men, I know
whose lawyer was busy trying to distance themselves from him,
claiming that that's in a whole bunch of stuff allegedly
they happened. And then you've got, I mean, what's what's
gone wrong here? What's happened?

Speaker 12 (01:19:03):
It happens with remarkable frequency, where with Nigel Farage personable
and charismatic though he undoubtedly is. There are are only
five MP's in the House of Commons, but they're already
split and one of them has been suspended. And of

(01:19:24):
course Rupert Lowe who's the MP for Great Yarmouth, was
suspended only a day after he'd made an announcement saying
that all the Nigel Farage wasn't running the party terribly well,
and suddenly the party decides to call the police and
have him prosecuted for a supposed act of physical abuse.
It is remarkable that they cannot get on even when

(01:19:47):
there's just five of them. And yet you look back
at the record with the Reform and UKIP and there's
always this problem. You know, anyone who criticizes the leader
is pushed out and it's something which is in common,
you have to say, with quite a few right wing parties.
I've tried to get hold of the Nigel Farage today

(01:20:09):
to talk to him about what's going on. No reply,
and he usually replies quite quickly. Rupert Lowe hasn't replied.
You're right. His lawyer has distanced himself from Rupert low
which isn't a great thing to happen with a lawyer,
I think in the scheme of things. So it is
a real real mess. And you know, Reform again, I

(01:20:33):
say it again. They've hit twenty five percent in the polls.
They're not getting any higher and they're probably going to
drop a bit as a consequence of this. We may
be that we've seen the ceiling for reform photes. I
don't know.

Speaker 2 (01:20:49):
Hey, listen, just a couple of quick things I've been
reading about. I want you to take on Starmer. Was
I was suggested that he's going to pay people. This
is officials and mandarins and people on the public to quit.
Is this sort of those UK styles? Is he riding
the public service?

Speaker 12 (01:21:06):
It's doge divided by one hundred, but yes it is.
It is doge. Unquestionably, they are trying to pair back
the vast amounts of money was spending on public expenditure.
So for example, civil service did reduce under the Tories,
but then has massively increased since COVID. Fifteen thousand new

(01:21:31):
jobs been brought in since twenty twenty. And what are
they doing. They're all working from home so far as
we can tell. So there is an awful lot of
fact to be prune there and Sakir Starman needs to
prove a lot of that fat And it's interesting what
you were saying about the situation in New Zealand. It's
very similar here that here we have a prime minister

(01:21:53):
who is incredibly adept abroad and walking that title between
Europe in the USA, but when it comes to connecting
with the British voters doesn't have it. I do think
a new reality has gripshold of Labor and you know
this attempt to pair back to the big state, the

(01:22:15):
war on long term sickness, benefit claimants who are swinging
the lead, both things which you wouldn't have expected the
Labor Party to do, but it is doing and with
a lot of support.

Speaker 2 (01:22:29):
Yeah, it's a centrist type Labor Party, isn't it. I'm
necessary Rod will catch up on Thursday. Appreciate it as always.
The other couple of things, by the way, I noted
in Britain into a couple of Bulgarians were found guilty
of spying for Russia. They had day jobs as a beautian,
a healthcare worker and a decorator. They want they're watering

(01:22:49):
down phone use. They were going to try and bend
smartphones from schools. They can't get the support, so they're
watering that down and they want more schools to be
asked to supervised teeth brushing. There's something dreadfully wrong with
the country that is telling schools to watch kids brush
their teeth. It's been going on for years and poor
parts of the poor parts of Britain, but they want
school and nursery staff in deprived areas of England to

(01:23:12):
be asked to supervise kids brushing their teeth. Heaven forbid
their educate them. But you've got to feed them, you
got to brush your teeth. It's like, jeez, it's like
a social welfare department, isn't it. Eight forty five.

Speaker 1 (01:23:24):
The Like Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at be.

Speaker 2 (01:23:31):
Yeah, speaking of the state doing everything. There's a tweet
out this morning from a woman called a Newsha Bradley.
Now I know not of her, but I am told
she's a senior journalist at the State Broadcast, a radio
in New Zealand. So it's seven fifteen this morning. She
tweets out, for the first time in four years, my
teen is taking a packed lunch to school today. He's
asked if he can take his own from now on,
saying the new lunches are tiny and inedible. A lot

(01:23:52):
of the kids at this school won't have the option
of taking food from home. So that's a political statement obviously,
and I would have argued that if you're funded by
the taxpayer as a journalist and allegedly down the middle,
no fear, no favor, and all of those sort of things,
that somehow that sort of tweets somehow not allowed, I
may be completely out of touch. Furthermore, I'm told as

(01:24:13):
a senior journalist that radio in New Zealand sho'ld be
earning a good salary should be in six figures. And
this is a six figure earning person who's seemingly happily
watched the state pay for her child's lunch for four
years and not at any point wandered to herself whether
or not either her or her partner or her child
might like to make I don't know, some sort of
effort to do their own lunch. Does this not strike

(01:24:34):
you as extremely weird? But maybe that's how it rolls
at the state broadcast of these days. It's just whatever.
But it does go back to my ongoing theme that
the school lunch thing of the last week or so
is a pileon. There's no question it's a pileon, and
it's a politically motivated pilon. I read with a great delimitrist.
They're celebrating v Day the eightieth this year. I quite

(01:24:55):
like to go to London for the eightieth of the day.
I quite like that it's in May. Can be nice,
not always, but can be fifth of May through the
eighth being the Poms. I'll do the four fall days.
Why would you want to possibly mark a single day
when you can have four. But they're gonna have a
nice Westminster Abbey service? Are they going to have a
fly pass? There's nothing like a fly past in London.
I've done seen several fly pasts in London. Probably the

(01:25:17):
greatest moment of my No, that's not true. One of
the most memorable days of my life. As I was
sitting standing at the hotel window, and the hotel I
was staying at had a view of Westminster Bridge and
the Parliament and the wheel just to the right of
you know, heading looking directly towards Buckingham Pallace. And then
suddenly there's noise, this rumbling noise, and I thought these

(01:25:39):
are plane, surely there's are planes. And then straight so
close to the roof of the hotel you couldn't believe it,
they came and it was just fantastic to watch, so
they're celebrating that, and then they also celebrating at the moment.
Speaking of the Eye twenty five twenty five, the London
Eye twenty five is that the most disappointing tourist train

(01:26:00):
action you've ever been to if you've been to the
London eight and warning, if you've never been to the
London Eye and you want to go to London, you
end up in London going oh, so London, I might
don't well, it's one of those things and it goes
so slowly and London's so low rise that once you've
seen the main bit of low rise London, there's nothing
more to see. But you're still on it for another
hour and you're thinking.

Speaker 4 (01:26:21):
At least it goes unlike that one in Melbourne.

Speaker 2 (01:26:24):
Very good point. It does go, but so slow. It's
so slow it doesn't even stop to allow you to
step on. You know those ones like you know you
go to the cable car in Queenstown and it will
slow down to the point where it's virtually stopped. You
jump on. This is so slow it literally never stops,
and even the elderly and and firm can hop on
with plenty of time to spare like you if you

(01:26:45):
want nine minutes away from nine the.

Speaker 1 (01:26:48):
Make Hosking breakfast with al Vida, Retirement, Communities News togs Head,
be real quick.

Speaker 2 (01:26:54):
Talks in the Middle East start again today in Qatar.
They've turned the power off. The aid's not going in.
So let's take that game where the bloke who was running,
he is the far right Gigescu, who was running in
the Romanian rerun of the presidentials. He's been banned. So
that's one for the next twenty four hours because that'll
take off. That goes back to Vance's speech the other day, right,
Remember he was talking about democracy and the people's voices

(01:27:15):
and the president Yun is free. This actually happened yesterday.
I forgot to tell you about it. But you know,
the guy did the martial law in Korea. Then they
rundled him up. It took a while to round him
up because they went to the palace and noe and
led him in. But anyway, they ran it him up,
took him to court. They've now set him the trial continues,
but his containment has seen as slightly dodgy, so he's out.
So there's a lot going Jesus lot going on the

(01:27:37):
moment five minutes away from nine trending.

Speaker 1 (01:27:40):
Now with M Square House the home of big brand ftalments.

Speaker 17 (01:27:44):
Right.

Speaker 2 (01:27:44):
I look up this video today. It's been seeing fourteen
million times in counting. It's the Class Restate indoor Champs
in America running. Elilah Everett is running beside Kaylin Tucker.
Everett takes her batten and smashes it into Tucker's head.
Everyone becomes outraged. Anyway, Elilah is now doing the interview

(01:28:05):
that she claims it's a mistake and she's the victim.

Speaker 17 (01:28:08):
Everybody has feelings, so you're physically hurt, but you're not
thinking of my mental right. They're going off of one
angle that comple size hitting her mother. Time got stuck
behind her back like this and it rolled up her back.
I lost my balance and when I pumped my arms again,
she got hit. I know my intentions that I would

(01:28:29):
never somebody on purpose here assuming my character calling me ghetto,
racist slurs that threats all of this just because of
a nine second video.

Speaker 2 (01:28:41):
Well, have a look at it for yourself. It looks
pretty compelling to me. If I was judged Judy, I'd
go to the break and sale have my verdict after
the break. But once I came back from the break,
she'd be she'd be doing she'd be doing time. I mean,
there's not just not getting around there. That's been a
good shot. I thoroughly enjoyed that. Actually felt a bit
sick this morning. At two this morning thought do I
feel a bit queasy? Not not as and I've got

(01:29:02):
a disease. But just as I'm like, this is a
bit early, have I chucked back a couple too many
espressos of what's happening, Mike?

Speaker 4 (01:29:09):
Has it been too long since lunch yesterday? After?

Speaker 2 (01:29:12):
Precisely anyway?

Speaker 4 (01:29:13):
By lunch, I mean, of course, Gonner.

Speaker 2 (01:29:15):
Yeah, came right, and I feel fantastic. Back tomorrow, Happy Days.

Speaker 1 (01:29:19):
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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