Full Show Podcast: 12 November 2024

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The breakfast show. You can try us the mic Hosking
Breakfast with the range Rover Villa designed to intrigue and
use Tod's.

Speaker 2 (00:08):
Head, be willing and welcome today, the apology for growing
angst around what is next to what it looked like
and doesn't solve anything. Good times for Fontira and as
they bump the milk priss of course and give more
detail on the consumer and business sale. The bloke who
invented Syrians in for a word after right Catherine Fields
and France. Rod Liddle drops in from the UK for
us as well, asking right, oh seven past six, Welcome

(00:28):
to the day. Sam our producer is back with us today.
He left early yesterday while the show was still on
to go to jury duty. He got selected but was
excused by the judge. God blessed the judge. There was
a bit of setting around, mucking round rules things to
follow in our text exchange. A waste of time was
a phrase used. Jury duty falls. I think into this

(00:50):
tricky area sibyl or civic service or community service. It's
one of those things that perhaps in a different time
we might have taken a different approach to. I've always
been fairly open about jury service. I don't like. I
don't want to do it. I've never done it. I
suspect I never will. That's not to say I don't
thank those who do, but on a quid pro quo basis,
there are several aspects of it that are really not
worth the input. The whole idea of a jury of

(01:11):
your peers is, of course nonsense. Your peers. What does
that mean? The vast majority of people charged in court
are law breakers. I mean, of course they're innocent, all
proven guilty, but mostly they do in fact end up guilty.
So are they my peers? I would not have thought.
So we must accept in this day and age that
time is critical. The business Sam was up for was
set aside for three weeks. He doesn't have three weeks.

(01:35):
He does an important job executive producing the biggest radio
show in the country. Put that task up against a trial,
I'd argue, we win, or should win. You've got the
issue of compensation. If you're self employed, it's a nightmare
time and money are lost, and badly so it's your
livelihood versus a crook or alleged crook. It's supposed to
appeal to our higher selves, but I argue those days
long gone solution. I've got one more judge trials or

(01:58):
a pull. So people willing and able to take on
the task required can because time isn't an issue for
them and they've got a desire to be available. As
it stands, it's a crapshoot, a random pick and mix
of the brilliant to bewildered, busy to gormless, or masquerading
as your peers. It's never really made any sense and
certainly wouldn't have if I was sitting here this morning

(02:18):
with no producer.

Speaker 1 (02:20):
News of the World in ninety six, Right.

Speaker 2 (02:23):
Buckle up, Trump's into it. Tom Homan is your new borders.

Speaker 3 (02:27):
Tom Holman has a grasp on the operational side of
anything like mass deportation. He has been at the helm
of it before. He understands the ins and out.

Speaker 2 (02:38):
At least. Dephenic is your new UN ambassador.

Speaker 4 (02:42):
She has Donald Trump's air, and when she's speaking to
world leaders, they know that she's speaking on behalf of
Donald Trump.

Speaker 2 (02:50):
As regards the war, Macron and Starma have been having
a chinwag about that. Remarkably, they seem upbeat about Trump.

Speaker 5 (02:55):
Countries get security through strength, just as alliances like NA
to do, and I expect the US to remain alongside
allies like the UK, standing with Ukraine for as long
as it takes.

Speaker 2 (03:09):
They've opened Cop twenty nine.

Speaker 6 (03:11):
It's not enough to just agree on a goal.

Speaker 1 (03:16):
We must work harder to reform the global financial system,
giving countries the fiscal space they so desperately need.

Speaker 2 (03:24):
Armistter stay in the UK with the Duchess of Edinburgh
representing the king, is it no more.

Speaker 7 (03:30):
At familiar tables of home? They have no lot in
our labor of the daytime. They sleep beyond England's foam.

Speaker 2 (03:41):
And gimme Bednock, who has her cool new job, was
reminded today of her old job, which was being in
charge of the post office as she front of the
ongoing inquiry.

Speaker 8 (03:50):
We shouldn't be afraid to challenge ourselves. We shouldn't be
afraid to challenge the system. We shouldn't be able to
be afraid to challenge government, and we shouldn't be afraid
to challenge the law if we think the law is
not delivering for the people.

Speaker 2 (04:03):
Finally, an alien like signal from last year's being deciphered.
So back in May we had a European Space Agency
aircraft orbiting Mars picking up a signal they described as
being an alien like message. Because it was so confusing,
they released it too well all of us around the world,
and we were supposed to do something with it. What
they got back was from a father daughter science duo
and they'd done a lot of well thousands of hours

(04:24):
of experiments. They sound fun. It's a bunch of white
pixels on a black background that they surmised to be
amino assets representing the building blocks of life. Currently no
way of telling what that actually means. News of the
world and out world must be in ninety seconds. Japan's
got themselves sorted for now. It's going to be interesting

(04:45):
to see how long it lasts. As Sheba, who's now
running a minority government. He's the guy who turned up
relatively recently, and the first thing he did was call
a snap election, which badly wrong for his party, the LDP.
They had a vote yesterday. It was up against a
guy called Noda, so a Sheba beat. Notice that he
remains the Prime Minister in charge of a minority government.
Fingers crossed twelve past six.

Speaker 1 (05:08):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio poll
it by News Talk Zippy.

Speaker 2 (05:15):
He is boden at Arlington on Veteran's Day.

Speaker 9 (05:18):
But we're the only nation, the only in the world
got on an idea, and that idea is we're all
created equal, deserved and created equal throughout our lives.

Speaker 10 (05:30):
We haven't lived up to it ever your time or.

Speaker 11 (05:32):
We've never walked away from it, even when it's hard,
especially when it's hard, and today standing together honor those
Americans have dared all, risked all and.

Speaker 9 (05:44):
Given all to our nation.

Speaker 4 (05:46):
I must say clearly we never will give up.

Speaker 2 (05:52):
So it's fifteen from my wealth, Jami Wealth. I sent
like Bardaney Promondon Andrew kellahoogand morning very good. Are these
are these golden times at Fonterra. Is this a purple
patch of purple patches?

Speaker 6 (06:06):
Definitely a purple patch. Yeah, yeah, let's talk Fonterra. Yesterday
you picked up on the announcement from Terror that over
the weekend the forecast farm gate milk price payout was lifted,
so the target range was lifted and narrowed, so it's
now sitting between nine and ten. But so midpoint nine
dollars fifty your factor in the projected distributional dividend from

(06:27):
from terror to farmers and you get the largest ever payout.
So good for the dairy sector, Mike, good for New
Zealand and a sorely needed tailwind in a struggling economy.
But that wasn't the only announcement from Fonterra yesterday. They
also updated the market on news on this recent strategic
decision to investigate options for the divestment or the sale

(06:49):
of their global Consumer division, which includes all the major
brands that everybody recognizes, things like Anchor and Mainland. So
that they told us that on the thirtieth of September.
Now yesterday they confirmed that divestment will go ahead. Now
where we all in my will get a little excited
micas they talk of a trade sale or an IPO.
Now an IPO being an initial public offering, which means

(07:11):
it becomes a company listed on an exchange. No word
as to which share market would be contemplated. If we
assume the ins and X though, that will be the
best news we've seen for the inside X for quite
some time. So and if you think about the value
of this, I mean, valuations have been discussed. Yeah, what
are we talking about? I think they've had evaluation in
excess of three billion dollars. If you put a three

(07:32):
billion dollar company on the onto the ins and X,
you've got a big company in the context of the
INS and X. So we all get very excited about that.
They've commenced the process, they've appointed investment investment bankers, and
not only that, but a successful sale would see capital
potentially return to shareholders, So that'd be a nice little
windfall for farmers as well. And if I look at

(07:52):
the Fonterra shareholder units, the ones that trade on the
ins ande X currently, they yesterday moved up to five
dollars ten. That's up over two percent. More importantly, though,
it's back to highs that we haven't seen since twenty
twenty one. It hasn't really spent any time around those
levels since twenty eighteen. So in answer to your question, yes,
a purple patch for fon Terror. The sort of change

(08:15):
strategy and the narrative sort of I supposed to simplified
strategy working very well for them, and we all benefit
from that. Mic.

Speaker 2 (08:21):
This is the truth. When they do well, we all
do well. Quarterly RECT survey, what's the vibe ahead of
the big announcement from the RB.

Speaker 6 (08:28):
Yeah for monetary for monetary policy officionados out there the
key point and in the local monetary policy CAUNT obviously,
twenty seventh of November last chance for the Abianz to
reset the official cash rate this year before a lengthy
hiatus until February. Now the market of the ibien Z
do seem aligned that the process of normalizing interest rates
will continue. It's just a debate of how much. Arguments

(08:51):
for greater than fifty basis point cut do really revolve
around the level of urgency that's needed to get the
OCI to that neutral rate, which we say is in
the mid threes. Four seventy five were a heck of
long way from there, aren't we So key stuff that
goes into the mike. We had to get those labor
market numbers, the unemployment rising a little slower than had
been forecasts. What we do know is that a key

(09:14):
input into this decision is inflation expectations. It's a very
important aspect of their forecasting. They need to see inflation
expectations where you and I think inflation will be. They
need to see those anchored around the target midpoint. Now,
historically they focused on two year inflation expectations. They survey

(09:34):
the market on this. The latest survey was released yesterday.
Two year ahead inflation expectations. They increase marginally, they went
from two point oh three to two point one two.
But I still think you can describe that as well
anchored around two percent. I mean, the one year ahead
expectations fell from two point four to two point h five.

(09:54):
That reflects the recent with lower and inflation. Some of
the longer dated stuff, the five year TENU they did rise,
but the RB has got less focus on those, so
they are very well anchored there. They ask a couple
of other questions Mike, They ask where's the OCR expected
to be? The response they got was four point two
by the end of the year. That's consistent with a
fifty basis point move. They said, where do you think

(10:16):
the OCO will be in September next year? The response
was three point three to three, So expectations that they
will get it down to that, to that sort of
neutral rate. There is nothing in those numbers released yesterday
might to stop the continuation of the OCR reduction, just
a function of how far and how fast, So that
is good use for that OCR to get.

Speaker 2 (10:37):
Lower numbers please.

Speaker 6 (10:39):
So the Trump bump continues. The dal jones up three
hundred and fifty points as I look at it, forty
four three hundred and thirty eight. That's up about point
eight percent. The S and P five hundred up a
quarter of percent over the six thousand marks six ten
as I look at it. The nasdak just down very
slightly point one of a percent currently at nine teen thousand,

(11:00):
two hundred and sixty one. The fortzy one hundred also
gained overnight uper point five nine percent eight one two oh.
The nick a small right, very very small left thirty
nine thousand, five hundred and thirty three half percent left
in the Shangho COM'ST three four seven O. There, the
aussi's ESDA lost point three five percent eight to sixty six.

(11:20):
The insects fifty we lost eighty four points two thirds
of percent. The insects fifty at twelve thousand, six hundred
and eighty six Kimi dollar point five nine six one
against the US point nineer six nine, Ossi point five
five nine four Euro point four six three Ozho pounds
ninety one point six eight. Japanese end gold is falling
two thousand six hundred and sixteen dollars, as is Brent Crude,

(11:43):
Mike seventy one dollars and seventy eight cents.

Speaker 2 (11:46):
Well, I may see tomorrow. Andrew Kellaheer JMI Wealth dot Co.
Dosking Bonhams have currently got Elvis's car, nineteen seventy seven
Cadillacs Ofville silver over maroon. It's not as bad as
it sounds. It actually looks quite good. Bidding's open now.
It's the last car he ever owned. It's difficult to

(12:06):
say what it'll go for, but it's not maybe twenty
five to fifty thousand dollars. The Yellow Wiggle once owned it.

Speaker 4 (12:14):
Well, you're going to have to be more specific. There's
been a lot of Yellow Wiggles.

Speaker 2 (12:16):
Nere the original Yellow Wiggle, Greg the original proper yellow Wiggle,
the only Yellow Wiggle Gleam daily. It's Hi, he say,
ninety one, seven hundred and twenty nine. K's probably a well,
you know, fends be got at service six twenty two.

Speaker 1 (12:37):
The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (12:42):
It'd be Mike, It'll be in miles, not Ks Russell.
You are correct, but I converted them, because that's the
sort of guy I am. Mike him self employed. If
I'd gotten out of jury duty last month, I would
have been down to k per week and not had
money to pay my mortgage, let alone my bills. Here,
there's something wrong with the system, mind you. That's an
age old dilemma, isn't it? Six twenty five trending?

Speaker 1 (13:03):
Now? Warehouse your home for Christmas shopping?

Speaker 7 (13:07):
Oh?

Speaker 2 (13:08):
The old hot mic trap's got another one. John Wertheim,
he works with a tennis channel. Well, he did. Was
preparing for a segment ahead of the WTA finals in
Saudi Arabia doing a practice rehearsal when he was told
to frame up a zoom better to make sure his
head wasn't at a weird angle, Which is when he
entered the world of inphamy by mentioning world number ten
and this year is Wimbledon champion Barbara Kretchikova.

Speaker 4 (13:35):
Do you think I am arbora Krijikova?

Speaker 12 (13:38):
Look at look at the forehead when Jikova and Jong
take the corner.

Speaker 2 (13:48):
Right, So that went viral, of course, wasn't supposed to.
He's calling a whatever, he's calling a kryture. Cover anyway,
the apology. I made some deeply regrettable comments off here.
I agnal there on he I acknowledge them, I apologize
for them. I realize I'm not the victim here. It
was neither professional, nor charitable, nor reflective of the person
I strive to be. I am accountable. I own this.

(14:08):
I am sorry. Barbara heard about that. She said she
was disappointed that, as a top athlete, her appearance was
the thing being talked about. The fallout is that John's
now at home, most likely never to be heard from again.
Not to underestimate what is going on in this country
with on Tira, and we are relishing some good news here,
as Andrew just outlined. So the big thing here is

(14:31):
IPO or trade sale on their consumers personally for what
it's worth, and it's probably not worth much, because what
the hell do I know. I think they're making a
mistake selling this stuff, some of this stuff at the
commercial end of the spectrum. I know why they're doing it,
and they want to focus on making powder and milk.
I get all of that. But the commercial side of
their equation at Ponterra is actually very successful. Hence it's
worth a lot of money, hence you might want to

(14:52):
get in bold. So what are the farmers making of
all of this? We'll have a look of this after
the news, which is next to your reviews, talk zed b.

Speaker 1 (15:00):
Big Us, Bold Opinions, the Mic Hosking Breakfast with Bailey's
real Estate, your local experts across residential, commercial and rural
news togsda'd.

Speaker 2 (15:11):
Be getting quite a bit of this, Mike Reluxeon today. One,
he claims the principle's builders to visit, yet the current
situations also to visib two. Can Luxeon elucidate what the
current principles are as it seems they are what suits
the current situation and are fluid. Maybe Luxon could elaborate
on these. It's not a bad point. You and I
seem to be on the same page there, and he's
getting angsty about it, which is the interesting thing. Why

(15:31):
did he let it get to where it has given?
He doesn't like it? Mike, Why can't anyone over sixty
five do jury duty? I'm sixty seven, still working as
a casual teacher, yet I'm denied jury duty. No, you're not, Elizabeth.
You're wrong. You're completely and utterly wrong, and you can
excuse yourself if you so wish, one of a couple
of ways. Once you're over sixty five, you can either
say I don't want to do this particular one now,

(15:52):
but I will come back another day, or you can
excuse yourself permanently, but if you want to participate you can.
Twenty three to seven there were a bit of angsty
Starmer and Macron. They've had to get together over the
war and what they're going to do and Trumpton, you know,
the whole thing. So we'll talk to Catherine about that
in a couple of moments for you. A very healthy
looking days on the dairy farm. As we've been telling

(16:13):
over these last couple of days, Monterra bump their payout
price yet again. Yesterday we've got news of the proposed sale,
of course of the consumer businesses, and we've also got
the AGM this week Fonterra's Cooperative Council chair John Stevenson
with us. John, very good morning to Youah, good.

Speaker 12 (16:26):
Morning, Mike.

Speaker 2 (16:27):
Are they golden days.

Speaker 12 (16:30):
At nine dollars fifty There's no doubt about it is
a really strong number historically. I think context is really
important Mike though as well. We're coming off a year
with the seven eighty three milk price. Darien Zed came
out with their break even figure of eight oh one.
So there's definitely some deferred maintenance to catch up on,
but also really important tonight that it's a long way

(16:53):
to go. Milk price won't be confirmed till September twenty five,
and what can happen between now and then?

Speaker 2 (16:58):
That is true, it's ato one too high in terms
of debt. Are we just too indebted?

Speaker 12 (17:03):
Potentially? And I think, you know, farmers would have had
a really close look at their systems. You know, some
of those costs have been been out of farmers' control,
so you know, I think that's important to bear in mind.
But that's a big part of it. And we've seen
high debts servicing costs, there's no doubt about it.

Speaker 2 (17:18):
What's your read on what happened yesterday at nine point fifty?
Is it sustainable? They talked a bit about China, demand, Africa,
Southeast Asia? Is all of that ongoing? Do you think?
Or we just don't know.

Speaker 12 (17:29):
We've certainly seen some positive signs on the both of
demand and the supplier front, and that you know, you
don't have to look too far back in history might
to see, things can shift pretty quickly up and down.
We export ninety five percent of our products, so you
know we are really subject to global markets and they
can move quickly.

Speaker 2 (17:47):
That's true. Do we have a view on the trade sale,
not the trade sale the consumers soil, whether it's trade
or IPO.

Speaker 12 (17:55):
Farmers have mentioned to us that they're there keen on
book considering both options with a pretty broad church. We've
got over eight thousand farms and a number of a
number more stakeholders than that, so we've heard different views. Michael,
I think the key thing is that farmers would be
keen to see the best possible value out of any sale.

(18:15):
It's also important to note that farmers will have to
vote on any any sale. That's a really big decision,
so you know we'll be making sure that they're well informed.

Speaker 2 (18:23):
Good stuff, John, nice to talk to you, appreciate it
as always, John Stevenson, Fontira Cooperative Council Chairman with us
twenty away from seven. Like Fonterira will end up a
price taker of a commodity milk powder, just like we
are with log sides of lambs, bulkwine. It goes on
long term. This will be a poor decision. We talk
of the sale whatever happened to valuate. Mikey quite right
that Vonterra are making a big mistake selling off their

(18:45):
evaluated businesses. An Australian banker told me there were buyers
looking at these businesses seeing all the efficiencies they could
achieve to make the much more profitable. Well, that's the
whole argument behind the business, Miles Hurrell, I'm sure will
tell you is that you know, they got bigger fish
to fry. They've got things to concentrate on. They don't
have the energy and source to concentrate on refining that
with all the efficiencies that somebody else may well do,

(19:05):
so may as well flick it. But my great fear,
being a bit conservative in these matters, is that why
don't you have time? If you've got something there and
you see potential, why don't you have the time and
the resource to make it all it can be in.
My first move, by the way, if I bought that
was to change the name of Perfect Italiano, because that's stupid.

Speaker 13 (19:22):
Nineteen to two The Mike Hosking Breakfast Full Show podcast
on iHeartRadio, Power It by News Talks BHI Mike Fonterra
and kiwibank Ipo next year'd be great for New Zealand
exchange of course and two iconic companies for kiwis.

Speaker 2 (19:37):
David, it's a very good point you make. If you
had one thousand dollars, would you go a bank or
would you go consumables? And there's your question for this morning.
And might I congratulate by the way the gannets Safari's
Overland People in the Bay top fifteen family attractions in
the world according to trip Advisor the Best of the
Best column. That's what they do. They do a best

(19:58):
of the best. They evaluate the above and above and
be reviews millions of reviews from all over the world
and all sorts of different companies there. Recently one also
did get at Safari's Overland the Tourism Export Council Small
Operator of the Year Award. Cruise ships are back record
numbers here at the Cape twenty three to twenty four
season our biggest yet. So that's super exciting, So were
congratulations sixteen.

Speaker 14 (20:19):
To two International correspondence with ends and Eye Insurance. Peace
of mind for New Zealand Business.

Speaker 2 (20:25):
Front cat can feel very good morning to you. Good
morning mate, so use of course arms to stay and
Starmer and Macron to give that the headline Starmer and
Macron's crisis talks on Trump. How anngsty is it?

Speaker 15 (20:37):
Everyone is very angsty. I think we can actually say
there is a whole lot of jostling. There's a lot
of talking strategies, scenarios options. The fact that we've had
k Starmer here in parents for Armistice Day might seem
normal to people looking at from the site because there's

(20:59):
just the channel that's have it's the two, but in
fact it was the first time since nineteen forty four
November nineteen forty four are UK Prime Minister the last
time when attended this Armistice remembrance ceremony here in Paris,
so very important. Starma was in with talks at the
Lysa Palace with Macron beforehand. They were talking Ukraine defense

(21:20):
and trade, and the message that we've had coming out
from that mic is that both countries really want to
do something to help Ukraine get on a stronger footing
going into the winter and for that footing to be
able to go past that key date of January twentieth,
the inauguration of Donald Trump as a US president, certainly

(21:42):
what happened after those talks might they went to the
Chanz Ofalise, they laid their rasay, then went to the
outer tween Off. That was the symbolic moment. These were
two men standing united. And I think when you look
at where the UK is at the moment, Mike, you know,
it's not in the European Union. It's really does need
stronger bilateral relations across Europe. This was such an important

(22:05):
moment to be able to say that the UK might
be isolated, but they still have friends in the EU
and Anato.

Speaker 2 (22:12):
I read a very good apprecies today in New York Times.
Missing in Europe a strong leader for a new Trump era.
Everybody seems to think that Europe needs to be led
by France and or Germany. Both have got problems, both
look weak. That's not unfair, is it.

Speaker 15 (22:26):
It's not unfair at all. Let's look at Germany for
a stance. The coalition government collapsed last week. They're still
jostling over when to have that confidence vote in Parliament.
Neither of the two parties have got sufficient support to
force that vote through yet, so they're jostling over that.
Will there be a vote of confidence before Christmas possibly,

(22:49):
but it could be back in mid January. So we've
got that your weak Germany there, you've got a week
France because you've got Emmanuel Macron, a lame duck present
that are not just unable to stand again, but has
also got this fractioned coalition government that they're trying to
push through budgets on and to get new laws through.

(23:10):
So yes, you've got those two what used to be
the traditional drivers for a strong Europe and for European integration.

Speaker 2 (23:18):
They are both weak.

Speaker 15 (23:19):
But I don't think he can take everything away off
the table.

Speaker 4 (23:23):
Mike.

Speaker 15 (23:23):
Here, you've got some very strong partnerships going on, particularly
the Baltic States and also the Nordics, Finland, Sweden of
course they've just joined NATO. You've also got Denmark and
the UK. You've got a lot of new groupings going on, Mike,
away from the EU and within NATO that look as
though they might be able to just hold together if

(23:44):
it does come to the crunch that they need to
stand up, not just a push in but also to
a new US president that does have news on the
future of NATO.

Speaker 2 (23:54):
Yes, I do, all right, I will come. I'm sure
we'll revisit the several times I have given the mess
in Amsterdam, which as far as I can work out,
are still going on there. And it's pere. They have
that overly and under control. What about France b Israel
and the football and how worried about that are we?

Speaker 15 (24:07):
They're very worried. The France has around football match Thursday
night at the State de France. At least six thousand police,
military and security guards will be on duty, not just
at the State of France but across the French capital
for that let's have a look at it. Though only
twenty thousand tickets have been sold, eighty thousand capacity crowd.

(24:29):
Now a capacity crowd at that match might would normally
have around one thousand to one than three hundred security
and police and place. And that's how seriously they're taking it.
Just within the last couple of hours, the Israeli team
has arrived in Paris.

Speaker 2 (24:45):
They are now being.

Speaker 15 (24:45):
Protected by an elite tactical unit, this close protection unit
of the Paris Police. Essentially, what they're saying is there
is a risk of a threat of public order, public disorder,
security way and beyond. But also before that MIC on
Wednesday night in Paris. You also got this far right

(25:06):
pro Israel group that's going to have a gala event
here in Paris and support of Israel, so police are
concerned about that. And of course that's Wednesday. Thursday, you've
got the match, and then of course Friday there will
be many people going to the synagogues on that so
it's going to be three days where French police and
the military will be on full alert.

Speaker 2 (25:27):
I also read the bells were ringing out Notre Dame
over the week.

Speaker 15 (25:30):
Can wonderful. Yeah, the first time that was last week
and Keith and I actually also on Friday, MIC they're
bringing back one of the key statues, the statue of
a Lady of Notre Dame. She's going to be brought
back in on Friday, big processions, and it looks as
though it's all going to be coming together. We're starting
to see trucks arriving at Notre Dame bringing back some

(25:53):
of those paintings that survived the fire but needed to
be cleaned up afterwards. It's going to be great.

Speaker 6 (25:58):
Fabe.

Speaker 2 (25:59):
Let's catch up soon. I's shout at Catherine and celebrations
December from December seven and by the way, there's a
very good that piece. Look it up if you can,
be by the New York Times, and they think Maloney
could be the key player there because of course she's
aligned ideologically, of course to Trump, and she's turned out
to be a lot more successful than many people picked
her to be. But there's quoting a guy called John Flick,
who's a senior director with the European Center at the

(26:20):
Atlantic Council. The world is made up of herbivores and carnivals,
and if we decide to remain herber balls or carnnibals,
will and guess who's a carnibal. It is ten minutes
away from seven.

Speaker 1 (26:30):
The costume Breakfast with the range Rover Villa News toss B.

Speaker 2 (26:34):
There's a guy called Bill Ackman speaking of the Amsterdam situation,
the Dutch situation. He's a billionaire. He's a hedge fund
manager and he's in charge of think called Pershing Square Holdings.
Also Universal Music Group, which you will have heard of.
They're based in Amsterdam. But he's over a concentrating, he
said yesterday, concentrating the listing on one exchange, i e.
London and leaving a jurisdiction that fails to protect its

(26:55):
tourists and minority populations, combine both good business and moral principles.
What's he saying saying he's up and out. He's not
putting up with any of that nonsense. He's got better
things to do in better places. He's going to seek
approval from the Pershing Square Board to basically leave the
Dutch behind and go do business in London, five minutes
away from seven for the ins.

Speaker 1 (27:15):
And the outs. It's the fiz with business fiber take
your business productivity to the next level.

Speaker 2 (27:21):
I've got a survey by Gender at Work and the YWCA,
businesses risk losing a third of their younger workforce. We're
talking about the ZRs. He had ninety seven through twenty
twelve currently aged twelve through twenty seven. Pay them abum,
so sorry? Where was I? Surveyed? By Gender at Work

(27:42):
and YWCA businesses risk losing a third of the younger workforce,
especially women, if they have if they don't have inclusion policies.
So it's found that thirty eight percent of young women
experienced some sort of bullying and that of organizations didn't
have DEI inclusive ideas, then only fourteen percent were likely
to stay on their job, they'd be the same people

(28:04):
who are busy googling how to get out of America.
At the moment, I suspect.

Speaker 10 (28:10):
Gen Z.

Speaker 2 (28:12):
They reckon they'll make up a third of the workforce
by twenty thirty. That's not really a thing. I mean,
gen Z becomes something else, of course, don't they They
grow up and they change and they get older, and
you know, the people born today will end up in
the workforce and they're full of old sort of they'll
be eventually they'll be, you know, eighty percent of the workforce. Anyway,
they say workplace culture matters. And the survey that these
businesses that gen Z are working at, fifty one percent

(28:35):
report no professional development opportunities, which turns them off because
you know what they're like when they arrive on a Monday,
they want to be the CEO on Wednesday afternoon. Forty
six percent don't have any diversity or inclusion policies. I
find that hard to believe. That's a lot of people
who don't have inclusion policies. Forty percent say people are
called upon to do cultural services without extra pay. What's

(28:57):
a cultural service? Send in both and no extra pay.

Speaker 4 (29:02):
That's one of those ones that I tick the box
it says I have no opinion.

Speaker 2 (29:06):
Okay. When it COEs to cultural services, the survey says
if businesses change these things, then they are more likely
to keep gen Z staff way up to seventy four percent.
The big question is, of course, do you want to
keep Keen said stuff? Why don't they survey the people
who employ them and go see those little snot rags
you just employed? You want to keep them? I'll give
you some numbers around that. The apology today, I'm more

(29:31):
interested to be frank in the angst that's growing. And
do we have a can of worms? So yes, you
can do the apology and it will be heartfelt. And
I think the government's in the right place here. But
then inevitably and it's already started. What about the money?
How BIG's the check? What's it look like? Is there
an end to this? Or is there never an end?

Speaker 6 (29:48):
Is it?

Speaker 2 (29:48):
Got treaty of white hanging vibes about this? More on
this after the news, which is next to my Cosking.

Speaker 1 (29:54):
Breakfast demanding the answers from the decision makers. It's a
mic Hosking breakfast with Veda Retirement Communities, Life, your Way
News tod said, be.

Speaker 2 (30:06):
Only seven past seven, so a day of national apology
are to survivors of abuse and care. Of course the
compensation still to be sought of, but today a significant start,
you would have thought. Cooper Legal is representing more than
sixteen hundred affected clients. Senior Associated Senior Associate Lydia Ostahoff
is with us. Lydia morning, good morning, thanks having me on,
not at all the people you represent. What's the feeling

(30:28):
so far, Well.

Speaker 16 (30:30):
There's obviously it is the monumental day, so it's the
recognition of that we've come a long way to get
to where we are. But there's also in a sense
of apprehension because an apology means nothing if it doesn't
come with a commitment to change, and so our clients
they want the government to use this apology to show

(30:52):
how this this will not happen in the future. And
now we know that there's not going to be an
announcement about reading rest today. So unfortunately that's been quite
an upset for our clients because that was what they
were hoping for.

Speaker 2 (31:08):
Was it unrealistic to expect I mean, this is a
massive thing. Is it unrealistic to it to I mean,
given an apology is easier to deliver. Literally, is it
unrealistic to expect, you know, here's a check and here's
how we're going to do it. I mean, this takes
time and you want to do it right, don't you?

Speaker 8 (31:24):
Yes?

Speaker 16 (31:24):
And I think what we've got to realize is, yes,
the final report was tabled in Parliament in July, but
the government, and this is successive government, have had the
interim redressed reports since December twenty twenty one, so we
went to nearly three years that that've had to try
and prepare for a redress scheme. So I think trying
to look at the July date is actually keewing dates

(31:45):
a little bit. So we've had quite a lot of
time and that time hasn't been used.

Speaker 2 (31:50):
The law changes announced yesterday do they help? Are they
significant or not?

Speaker 16 (31:54):
To be honest with you, Mike, I think they're a
bit of smoke and mirriage, a bit of a distraction. Really,
children can still be scanner searched, the strip searching. Yes,
we've been saying for years that's that's not a good thing.
But really the changes I think are deflecting from what

(32:16):
survivors have been calling for for months now, which is
redress and change, and I think this is just a
drop in the bucket and it's not really going to
And even if you look at the press release that
went out Minister Chaw said this was about keeping children
safe within the home, there was not one change to
the law the children safe within the home. It was

(32:37):
about use justice residences, it was about records, it was
about disabled adults. How is that talking about children keeping
children safe in the home. I really just think that
was a distraction.

Speaker 2 (32:50):
Do you think we're going to get closure? How many
years down the track do you think it'll be I
can get you back on this program and go We're done,
it's finished, everyone's happy. Or do you think that will
never happen.

Speaker 16 (33:00):
I'd love to say that, Yes, three years from now,
you can get me on the program and say, Mike,
I've got no work, I'm starting a new area of law.
I would love that. But unfortunately, at the moment, at
the rate that we're going, I think we're going to
be seeing this for the next decades. And I hate
to say that, but with small steps like what we

(33:22):
saw yesterday, that's not incremental change. That is not going
to keep children safe appreciate.

Speaker 2 (33:27):
You time very much. Lydia Ostaff who's there Cooper Legal
Senior associate more with the Prime Minister of course, shortly
ten minutes past seven asking the city Council can put
an extra chair out. We've got Lindsay McKenzie. He's a
new Crown Monitor. He's a former boss of Tasman and
Gisban District Councilors. He starts tomorrow. He's in work until
July next year. The Local Government Minister Simeon Brown's with
usime in morning, Good morning. What's is riding instructions?

Speaker 17 (33:51):
Well, a number of issues. Firstly, they are the councilor's
got dysfunction between personalities, so getting in their end, working
with the mayor and counselors to help them get on.
He's done that job as him the Cargo District Council
a couple of years ago, so that's one of his jobs.
And now there is around the long term plan which
the council's decided to throw out and start again, and

(34:11):
providing an external pair set of advice to assist the
council in terms of the decisions they need to make.
But ultimately the councilors and the mayor are elected democratically,
they are still accountable and responsible for the decisions they made.

Speaker 2 (34:23):
How many How often does he come back to you?

Speaker 17 (34:26):
I'll begetting monthly reports from him, That's what I've asked
under the terms of reference, to a monthly report back
to me and then a final report at the end
of his term, which will be the thirty first of
July next year, or will it.

Speaker 10 (34:40):
Well.

Speaker 17 (34:40):
Ultimately, there's an election next year for the local councils,
so the mayor and the councilors will be up for reelection. Ultimately.
The key point here is that they have decided to
re litigate the entire long term plan, throw it out
and start again, and that's created some significant concern around
the financial position of the council. I've put an observer

(35:01):
in there too assist the council and a mute with
an external set of advice, and someone else who can
look at things with a fresh pair of eyes, who's
not been part of the all the drama over the
last little while, and not to provide them an extra
extra set of advice. Ultimately up to them as to
whether or not they take that on board. But that
person will be there to assist and also to report

(35:21):
back to me as to what's going on.

Speaker 2 (35:23):
Let's hope it works to me and Brown appreciate it.
Local government minister with us this morning twelve minutes past seven,
fundamentally opposed to each other. And I noted yesterday David
Seymour and I think even Christopher Luxen's open to meeting
these protests and people when they finally get to Wellington.
But the protests people said, why would we bother? It's
a waste of time. And when you're that distant in
an argument, you know, wat's a bloke sitting in the

(35:43):
corner looking at you going to change of anything. Weird.
A story of the day yesterday was this bloke, Aaron Smail.
Didn't you think Aaron Smail's journalist, who seems to specialize
in this area of the child abuse, has been covering
it for some eight years, wants it to be at
part element Today Jerry Brownley speaker declined his accreditation application.
Everyone went, well, what's that about? Jerry. Turns out that

(36:06):
back in July there was a bit of a back
and forward between mister Smail and mister Luxon at the
press conference. After the press conference, the Beehive complained to Newsroom.
Newsroom's a website which mister Smayleer works for, apparently about
his persistent and forceful questioning. Now, if that's what you're
complaining about, grow a backbone with suggestions it was rude

(36:29):
and police at the event had been watching the reporter.
There was more on mister smail. There was also an
interaction in Palmerston North where the government was touting its
book camps for young offenders. Mister Smaile, was there any
press Karen Shaw Minister over whether it had been appropriate
to associate the memory of the Marray Battalion with the
new youth justice program. Once again that would perhaps a

(36:50):
little edgy, little angsty. Newsroom, for their part, said basically
it was standard questioning and the government shouldn't be afraid
to feel a little bit uncomfortable by the media asking
a few tough questions. So then Jason Walls our Jason Walls,
who's the head of the press gallery. He says, I'm appealing,
at which point Jerry then back down apparently and all's
been smoothed over. So something weird happened there.

Speaker 4 (37:14):
It was a terrible Jason Walls and.

Speaker 2 (37:16):
It was shocking, wasn't it. But I haven't done a
lot of Jason Walls, so I'm going to have to
work on it. Fourteen past.

Speaker 1 (37:23):
The High Asking Breakfast Fall Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (37:28):
At b seventeen past seven. The bloke who invented Siri,
which is quite the thing to be able to say.
You're standing at a party, goer, what do you do? Oh,
I'm an entrepreneur because he is these days because he
sold sire for quite a lot of money. Then you
become an entrepreneur and come up with interesting other ideas.
Some of his other ideas are actually quite interesting as well.
But anyway, you're standing at the party and go, what'd
you do it? While I invented Siri? Anyway, he's in

(37:48):
the country. Guy called Tom gruberries with us after eight
o'clock seventeen pass very big day for the old hometown.
Of course, Addington fires up for Cup Day. Addington Raceway
CEO Brian Thompson's with us. Brian Morning god a Mike
gone very well, I stated very boldly on the program yesterday.
I think I'm right on this. I don't think it's
ever rained on race day, has it?

Speaker 15 (38:07):
No.

Speaker 18 (38:07):
I think the first year I was here, back in
war twenty eleven, we had a bit of a sprinkle
before eleven, but that was its day.

Speaker 2 (38:14):
Was a cracker and today's today's gorgeous.

Speaker 18 (38:18):
Today's a typical Canterbury spring day, full of sunshine, eighteen
nineteen degrees, light breeze, perfect day for racing.

Speaker 2 (38:26):
Are you in the fashion in the field this year?

Speaker 19 (38:28):
Brian?

Speaker 2 (38:28):
Have you dressed yourself up a bit?

Speaker 6 (38:30):
Oh?

Speaker 18 (38:30):
Yeah, I'm cranking a pretty good suit at the moment,
but it won't be entering. Got to make it fair
for everyone else.

Speaker 2 (38:36):
Very good. I like a man of confidence. What's this
twenty five dollars versus forty dollar thing? Was that a
cost of living idea? And clearly it's worked?

Speaker 18 (38:44):
Yeah, one hundred percent. So I think these days there's
so many choices out there for people to go to
events and experience different entertainment. I think what we try
to do is just to give everyone the opportunity to
get here and enjoy the racing aspect of its definitely worked.

Speaker 2 (39:01):
How many people are you expecting?

Speaker 13 (39:03):
Odd?

Speaker 18 (39:03):
We're set up for about fifteen thousand, so if we
can get near to that will be pretty happy.

Speaker 2 (39:08):
Nice stuff. Will you go well and enjoy it? Brian,
appreciate it very much. Brian Thompson, who's cranking a pretty
good suit this morning. I like his style. Do you
want to get into the business of airlines that arrive
and depart on time? Or should we just leave the
text machine off that for a moment, because I've got
some numbers for you for September. On time performance OTP
is what they call it, seventy nine point seven percent departures,

(39:30):
ninety one point seven percent arrivals. For Air New Zealand,
they're doing pretty well. Air New Zealand's cancelation rate was
one point four percent. So if I said to you,
how are you going with a good old Air New
Zealand in terms of the old cancelation rate, you go ar,
it's a disasters. So they haven't got any engine, they
haven't got any planes. If you tried leaving Blenham lately
cancelation rate one point four percent, you go no way,
wouldn't you? You go that's ridiculous.

Speaker 8 (39:50):
You know what.

Speaker 2 (39:51):
Jetstar's cancelation rate is zero, zero point six percent. Of
course they don't operate that many flights. Who in New
Zealand's got a natural disadvantage quantas they do it at
eighty percent of the time, so they're slightly better, but
not much. US domestically, you'd go, what would you go?
In the US? You go US nineteen seventy three, seventy

(40:11):
five percent of domestic flights operated on time. Hawaiian's the
best at eighty six delta at seventy eight southwest to
seventy eight. What I'm trying to do is paint you
a picture that broadly speaking, the issues faced here are
the same issues all over the world, and by and
large it's probably not as bad as you think. What
do you disagree? Seven twenty.

Speaker 1 (40:34):
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(41:45):
seven twenty three. We are not unique, but we are
most definitely different from the way we were. Once again, Ah,
once again, we're into exam season. Once again, the flurry
of stories, of questions that can't be answered, the tears
that flow the end of the world that's ensuing comfort.
The same number of stories are floating about at the
moments currently in Australia for context, the last time I

(42:06):
did exams, these tears and high drama were nowhere to
be seen. So what has happened? Is it possible the
way we study has changed? Is it possible? Or the
mocks that had taken lead you into an area of confusion,
whereby unless the real exam looks remarkably similar to the
ones you've just practiced on, you freak out. Is it
possible because of the way we teach it's too rote
In other words, you can parrot back what has just

(42:28):
been said to you, but you can't extrapolate it out.
Is it also possible that exams and entry to university
has become such a big deal The whole of the
future of your life is flashing in front of your eyes,
and unless it appears to have gone well, you have
no future. Perhaps my advantage was I wasn't going to university.
Eye was out into the world to get on with it,
and what I needed was university entrants, preferably endorsed, and

(42:50):
that would give me, at the very least a foot
in the door of a job. Yes, exams seemed hard,
of course they did. Yes, a lot of people were nervous,
And yes, a lot of people after the exam as
we wandered off home, either ran the line that it
was a nightmare and I don't stand a chance, or
that was so easy, I couldn't believe my luck. And
we ran those lines, by the way, no matter what
it actually happened, because we were full of it. But
what we didn't do was melt down. The media didn't

(43:12):
cover the fallout. We had no headlines. We were simply
kids doing exams and sometimes they went well and sometimes
they didn't. I wish I knew then.

Speaker 6 (43:19):
What I know now.

Speaker 2 (43:20):
School is but a fleeting moment in time that will
seem increasingly irrelevant, although it's your whole world, or at
least a decent chunk of your world when you're a kid.
Of course, ultimately it will all be put into perspective.
Life in its success is rarely, if ever, defined by
what you did in year twelve or thirteen, or Form

(43:40):
six and Form seven. Maybe we could teach a little
more of that, Lasky, like this abuse business happened years ago.
Move on, great thought, So you got your house invaded
and all your stuff got taken and your house got torched.
And then the police come to you three and a
half years later and go we finally track them down.

(44:01):
You go, oh that now I was years ago. Move on,
Speaking of houses, do you want some numbers this morning?
QB House Price Index three months to the end of October.
I know you're fizzing because it's Christmas. Average price nine
hundred and two hundred and thirty one dollars. How does
that sound to you? Still severely constricted by strong economic
headwinds despite recent interest rate reductions. That's the view of

(44:22):
what's going on Auckland for the three months down a
smedge less than a percent point eight christ to point
two Hamilton point six, tow wrong is material one point
six down? Don't be too depressed. The Stun's still shining
and the mount's still good. Wellington two point three, good
old Wellington. That Crown Monitor will help, though. I think
once the Crown Monitor starts to day, house prices will rise.

(44:43):
It's my pick. Three urban areas have gone up. Nelson
Boom one point three, Queenstown one point two, fungar Ray
zero point three. There has been a marked in the
writer call this couple of weeks ago, I said, watch,
there's been a marked increase in consumer confidence, notable mindset
shift in recent times. I'm feeling better. How about you? First,
I'm feeling better now than I felt all year, and
I felt pretty bloody good all year. To be frank,

(45:04):
first time home buyers. Gosh, who would have thought they're
the largest, most active by group. But what happened to
all those stories about them not being able to afford
a house and being locked out of the market? Hold on,
what happened there? Could that be fake news? Don't you worry?
Trump's onto that hill? A pointers are of fake news,
Christopher Luxens, But moments away.

Speaker 1 (45:25):
Your trusted source for news and fews, the Mike Hosking Breakfast.
It's with the range Rover, the la designed to intrigue.
Can use togs, that'd be m Mike.

Speaker 2 (45:40):
Mister Luckson needs to grow up peer and show less
support for the hecoy bs and a little more for
David Seymour, who's sticking up for all New Zealanders, which
is what mister Luckson was elected to do. Here's the
interesting thing for me, and I tried to articulate it
the other day. Briefly, what I think with the evolution
of MMP as happening in front of our eyes we

(46:00):
just haven't realized it yet, is at long last we're
reaching a level of maturity for the mixed member of
proportional system. Because what's happened traditionally, and if you go
back for several governments, occasionally you got a small party
in the small parties would sit around their four five
six percent? Do they make it back? Do they not?
The supplied to Act, the supply to and that's where
they came up with a special APSOM deal. It applied

(46:22):
to New Zealand. First the Green seem to have cemented
themselves in a permanent five plus sort of situation. Now
the Maori Party will never be five plus, so they
need the electorate seat of Yat the point being, it
sort of never really worked the way it was supposed to.
In other words, you were supposed to get this flourishing
array of smallish parties that had the potential to turn
them to medium sized parties have a sort of a

(46:44):
permanent presence in the political landscape, and then we'd all
choose from that. And then occasionally in the Murray Party's
a very good example, and the Peter Sharples. Of course,
when they did get to government, we all decided we
didn't like the small parties and they vanished. So you
got to government, then you have disappeared. That now seems
to be changing. And my theory is this, my working
theory at the moment, is that these two parties in government,

(47:05):
the smaller parties act in New Zealand first, are going
to as long as things hold together, cement themselves in
a permanent basis on the New Zealand political landscape. In
other words, we will be able to work out subliminally
or not, that three people can work together comparatively, cohesively,
and we can still vote for them, still look at
their options, and they can still be individuals ideologically in

(47:27):
policy wise and offer a selection of ideas for the voter.
And that is no bad thing if you broadly support MMP.
What will happen at the moment, And I think this
is the stalking horse, the trojan horse, This particular bill
of David Seymore's, it's not going to work this time,
but he's going to take it to twenty twenty six,
and I think it will be worth some votes, and

(47:47):
it will be worth some votes at the expense of National,
who I think David Seymour is right and saying are
a bit scared to deal with the hard stuff. I
might be wrong, but I don't think I am anyway.
The point of that being is that we will see
National as a centrist largish party. They will not be
as large as they have been normal Labor ever again.
And then we will see ACT as a sort of

(48:08):
a libertarian type party with some specific policies that we
may or may not be interested in. Same applies to
New Zealand first, and I think that's how MMP's unfolding.
Why am I telling you the story at this particular
point in time, Well developments, Christopher Luxen is not able
to be with us. I tried very hard and I

(48:28):
thought it was a half decent idea. He's due on
the phone in two one now seven forty on the
dot with mister d Trump of Well marri Lago currently
shortly to be Washington. Anyway, if that call goes ahead
on time, which it's supposed to be literally ringing our hello,
that's supposed to be happening now, it won't be, of course,

(48:50):
because Crump's never been on time in his life. So
my idea was to get luxon on a couple of
moments ago, go good morning, start chatting, and he was
going to go, Mike, Mike, I've got to go, I've
got to go. Donald's on the phone, at which point
I would have gone, no problem, give us a call
back when you're done.

Speaker 4 (49:06):
In fact, more realistically, given what we've seen of Trump's
appearances in the past, because we watch them pretty closely,
here you get the appearing soon across the bottom of
the screen, that goes for about they use that for
about two hours exactly, and then they change to any
moment exactly, and that goes for about another half an
hour to forty five minutes, and then Trump appears. So

(49:28):
really we could have talked to the Prime minister probably
for about an hour and a half.

Speaker 2 (49:33):
My bet his luck is not going to be on
the phone before nine o'clock, and that's going to interfere
with the apology for the day and the whole thing. Anyway,
point being, he's supposed to be on the phone right
now with Donald Trump. Now here's the good news. Once
he's finished with the call. The reason he couldn't come on.
There are two reasons he couldn't come on initially to
go Hi. You know, I've got to go and talk
to Donald There are two reasons. One he's got no
sense of humor. Because I see I said, come on,

(49:56):
come on to the program, let's do it. He goes,
we can't need that. And the other reason was he's
got to have a briefing, a briefing for a phone call, like,
here are the things that you know, Who's what do
you reckon? Donald Trump's going to raise who would know?
Guarantee you and I will ask him this, how long
through the phone call was it before Donald Trump raised

(50:16):
Bob Charles and or Lydia Coe? Because I guarantee you
he's going to do that. Anyway. The upshot of that
is Luxeon's on the phone with Donald Trump, allegedly as
we speak. The moment he hangs up the phone, he's
going to ring us back and he's going to tell
us all about it.

Speaker 4 (50:31):
Do you reckon? He give us all Bob Charles in
the shower.

Speaker 2 (50:34):
Good question that if I was Luxon, That's what I'd
throw to lighten the mood. Was he like Arnold Palmer
or not? Really?

Speaker 1 (50:44):
Eighteen two good the Mike Asking Breakfast Full Show podcast
on iHeartRadio powered by News Talks.

Speaker 2 (50:51):
It'd be seven forty five. Let me come to Winston
Peters in a moment, who's been making headlines in Australia
in the last couple of days, just to quickly update
you on Trump, not the phone call, but home and
you know, but of course he's the borders are Staphanic
Elease congresswoman who's going to be the representative at the
United Nations for the United States. The Senate Republicans are

(51:11):
going to be voting on a secret ballot on Thursday
as to who they want to lead them are Rick
Scott's the hot ticket. The thinking is Rick Scott's very
aligned with Trump, and that's going to be important because
it is generally suggested that to do some of the
stuff he wants to do, particularly on tariffs in the Senate,

(51:33):
he's going to need the void, the filibuster, or if
he's got to get to the sixty votes, remembering, of
course there's one hundred votes in the Senate, and he
does need the filibuster or in other word, sixty votes,
he is going to need somebody like Rick Scott to
whip them into shape. As regards the House, they currently

(51:56):
need to eighteen. They've got to fifteen. This is the
lower The Republicans have got two fifteen and the Dems
have got to ten. So they're still working on that
as to the final vote and the final makeup, but
it looks like the Republicans are going to retain the House.
They've flipped the Senate and they've got the White House meantime.

(52:17):
Also interesting is Trump's team refused to comment on the
alleged phone call with the Kremlin. I say alleged because
the Kremlin said there was no phone call. So that's weird.
Let's come to Winston Peters has been in Australia making headlines.
So he's blasted the Australian government's inquiry into the handling
of the pandemic. So we reported on the pro again,

(52:38):
was it two weeks ago something like that? Possibly only
a week ago they put the report out. The most
significant thing about the COVID inquiry in Australia was one
they got it out in front of us. He would
criticize that and has done so. But the biggest point
was it's lot the people have lost trust. In other words,
of a pandemic came along again, and let's be frank,
probably will Would it be the same as last time?

(52:59):
My aunt's was yes, given that basically it's luck as
to who's running the country at the time, and if
it was the same as last time, how much of
it would you go along with? And the answer is
next to none, and that in that is the real problem.
So Peters, having arrived in Australia, said, you guys haven't
had a review, You've had a whitewash, and I'm out

(53:19):
to make sure it doesn't happen in my country. We're
going to get to the truth. Obvious question at that
particular point in time, and of lux and terms after
the phone call, the question what is the truth? He's
talking obviously and referencing things like vaccines. Our response became
a disaster. This is Peter's talking to the Australian media.
Became a disaster over time and as basic factual incredulities

(53:40):
were ignored in a bit to stamp out the virus.
Shutting schools, he argues for extended periods was a damaging decision.
Children were the least vulnerable and we know that, and
we shut the whole thing down. Mind you remember he
was coming out of the government of course seventeen through twenty.
The cost in New Zealand is that we're still struggling
to come out of that malaise that is scentuated by

(54:00):
our massive levels of truancy. If we hadn't closed our
primary schools, that would not have happened. But there's an
unwillingness to say we got it wrong, and I think
that's the strongest point. There is an unwillingness to say
we got it wrong when we eventually produce our Royal
Commissions Report numbers one and two. Lord knows when that is.
Do you think anybody at the time your hipkins Eurodoerns,

(54:21):
if we can find it, are going to go yep.
Probably an excellent point. We apologize we wouldn't do the
same again. Or is that particular aport going to get
stuck on a shelf somewhere The trans Tasman relationship, He
moves on to other areas. The trans Tasman relationship has
been strained, he says, by the Alderneezy government's adoption of
the new immigration rule. This is Direction one p one

(54:42):
zero one ten, which replaced Direction ninety nine. This is
the five ozho Ones, of course, and he got himself
in dreadful trouble, so he changed the rules. Australia's had
a massive beneficiary, or been a massive beneficiary of New
Zealand's education and skill system, and Australia needed to recognize
that more openly and more often. So that's that's Winston
Peter's little sojourn to Australia to put them right. And

(55:04):
can I just be frank and saying this, I'm more
in love with Winston Peter's every day. I think he's
at a point in his life where he doesn't give
the monkeys. He's on a bit of a roll. Things
are going well for him. He's behaving nicely in a coalition.
He speaks as mine and God bless them for doing that.

Speaker 4 (55:19):
Man, you keep going on like that, He's going to
start getting your name right.

Speaker 2 (55:23):
Ten minutes away from eight the Mike Hosking Breakfast with
Bailey's Real Estate Hugh's talk, said Mike, speaking of reports
that have been buried, what about that reporting of the
misuse of sensus started by the Murray Party in the
last election. That's not been buried, It hasn't been produced.
They asked, I can't remember about a month ago for
all extra time, and they got it, Mike. Fonterras received
strong interest from global brands, but are looking at a

(55:44):
fast sale. I don't know where you're getting a fast sale.
They're not looking at a fast sale forever at all,
so they're considering an IPO. What bollocks. An IPO takes
age is quite correct, and so the sale's not happening
until at least next year. They're selling everything, even the
Sri Lanka business. I don't think that's true. I think
yesterday they carved out Sri Lanka, and I think something

(56:05):
in India, and I might be making this up, but
I think there was something small in Africa as well. Anyway,
clearly they've messed it up, and the farmers are saying
sell the brands. China's dumped and the farmers would rather
plant trees and way through at mud at five am
every day.

Speaker 6 (56:18):
What I sin it.

Speaker 2 (56:20):
I think that my only regret is that they're selling
off something quite valuable and when the right people get
the right hands on it. The good thing about an IPO,
by the way, would be that Fonterra, as I understand it,
would retain some sort of interest in the company going forward,
and I don't think that that's any bad thing, which
brings as, by the way, just very quickly grateful and

(56:41):
get through some of the back stuff I've been trying
to They've got fifty thousand soldiers are massed. Many of
these are North Koreans. This is the war. Many of
these are North Koreans, and they've managed The important thing
is they've managed to mass these troops without pulling any
one out of the rest of the war in Kursk.
So they've got a whole new force. So it's going

(57:01):
to be interesting to see. And nobody seems to be
noticed that. Nobody seems to have been bothered by the
North Koreans joining the war. I mean, they've all gone,
that's not really good. What we going to do about this?
But they haven't done anything. No one's actually done anything
about it. North Koreas entered the war with troops who
are about to march, and nobody seems sort of do.

Speaker 4 (57:19):
You think they're waiting to see whether it's really going
to be in an advantage to putin or it might
be an advantage to Ukraine blow? I mean, how good
are they I mean, I get that they're really good
at marching perfectly in time, kicking their legs high in
the air, but they're going to help them in a
drone fight.

Speaker 2 (57:33):
A very good question, by the way, how long this
is the question for the morning. How long would you
know La Crusee? You know the cookware, it's good cookware,
but how long would you queue for it? So a's
a sale in Britain over the weekend and the que
was four hours, and you go, well, was it a bargain?

(57:53):
And the bargain it was fifty percent? It was a
fifty percent off sale. So La Crusee is about as
good as it gets. So if you're into cookwar and
stuff like that, and I've looked at kitchens that other
people have been in and they've enjoyed the experience of
La Crusee, and fifty percent are reasonable there. So you
buy a cast iron round casserole pot for three hundred

(58:14):
instead of six hundred, so you're thinking, oh, yeah, why
wouldn't you. You can buy a winey orator and poorer
for twelve dollars instead of forty, So but the question
is would you queue for four hours? It also involved,
unfortunately the police, because they had to do a couple
of things. Clear of the traffic, because the traffic was
backed up for miles. And also people started in the

(58:36):
four hour Q And this is my reason for asking
the question how long before you get really edgy? And
obviously four hours was too long. Hence the people started
getting edgy, and of course the police were called in
to calm things down.

Speaker 4 (58:48):
But is this the first edition of Mike Hoskin's Christmas
Gift Guide?

Speaker 2 (58:52):
You can do a lot worse. It's a good point.
You can do a lot worse than the crusee. La
crusae is one of those things you buy for the
person who loves to cook and who's always in the kitchen.
And and the other thing about La Crusee is that
you can never have too much La Crusee.

Speaker 4 (59:08):
Well, I like the way that you can get it
in whatever color you want.

Speaker 2 (59:12):
I like orange original orange.

Speaker 4 (59:14):
Well, that doesn't seem to be an option. There's azure.

Speaker 2 (59:18):
What's that is that blue? Yes, it's nice meringue. Is
that orange?

Speaker 4 (59:22):
No, that's a sort of a creamy color. No, you've
got your shell pink. I thought you'd be into the
shell pink. Actually, for some reason, I don't know why,
I thought you'd like that the most. A garnet that's
a red, that's me.

Speaker 2 (59:32):
But deep flint is that black.

Speaker 4 (59:35):
It's more of a gray. But then there's a satin
black that seems to be the way.

Speaker 2 (59:39):
It's the only way to go to orange. Is Tom
Gruber available to us this morning? Tom Gruber is coming on.
Tom Gruber invented Siri. Now there's a claim Luxon's on
the phone to Trump. Tom Gruber invented Surri.

Speaker 4 (59:51):
Hang on, They've got volcanic. That's orange.

Speaker 2 (59:53):
Okay, good news is next Tom's next.

Speaker 1 (59:57):
Setting and digging in are the issues? Is the Mic
Hosking breakfast with Bailey's real Estate, your local experts across residential,
commercial and rural news togs dead by.

Speaker 2 (01:00:09):
Just for the record, I think I'm on a roll.
We were told a moment ago that Luxem will be
here five passed, Then it was ten past, Now it's
twenty five passed. And the point being, the call, as
we're correctly surmised, never came through on time at twenty two,
and I think was never going to. But we'll keep
your post at seven past day. But of a deep
guard in the meantime and AWAI for you is it
going to change the world or not? Does anyone actually

(01:00:29):
know whether it's going to change the world or not?

Speaker 6 (01:00:31):
Now?

Speaker 2 (01:00:31):
Tom Gruber is a computer scientist, psychologist, co founder of Siri,
which is quite the claim Sury got sold of course
to Apple. These days, he's an entrepreneur and co founder
of an adaptive music company called life Score. He's in
the country as part of Sparks, Ascalerate, Summits and Tom Grubers.
Where's Tom Nice to meet?

Speaker 10 (01:00:48):
Good mining?

Speaker 2 (01:00:49):
The window when you come up with something brilliant is
how big before you know somebody else is going to
copy it?

Speaker 6 (01:00:56):
Ha?

Speaker 10 (01:00:57):
Well, the interesting thing about the brilliant idea of it
wasn't ours. It had that idea of a personal assistant
had been around since nineteen eighty seven. But what the
window was for us was taking the time in history
when the technology was ready, and that's what we did.
And then we jumped on it. And we had only
two years to build it before everyone could see it

(01:01:18):
in the world and copy it.

Speaker 2 (01:01:20):
So what was the skill building it or seeing the window?

Speaker 10 (01:01:24):
Both? Actually it took a team, a small team, only
twenty four people, but we saw the exact time when
a set of technologies were ready, just barely good enough,
and we went full speed on building out a thing
and it worked, and nobody believed it could work, and
then we showed it could, and then everyone believed they could.

Speaker 2 (01:01:41):
Did you build it to sell it?

Speaker 6 (01:01:44):
No?

Speaker 10 (01:01:44):
No, we built it to build up a real company.
We had a really good business in e commerce on
the on the phone and were We started working on
this when the iPhone one came out, so at the
very beginning of the modern mobile error, and we really
thought that's what we're going to do. But hey, when
Steve Jobs gives you a car, well it says, hey,
you want to join forces with us?

Speaker 19 (01:02:02):
It's hard to.

Speaker 10 (01:02:03):
Turn that down.

Speaker 2 (01:02:04):
Exactly. Did it change your life?

Speaker 10 (01:02:06):
Absolutely? I mean my career ambition was to have impact.
They have a lot of people's lives changed and it
became an exponential bend in the curve impact when we
joined forces with am really.

Speaker 2 (01:02:17):
Interesting that you say that, And I sort of knew
you would because I've read about you and you seem
to be looking to use tech for good? Is that fair?

Speaker 10 (01:02:26):
Definitely on the side of humanity. Yeah, we're there's tech
for optimization for say, corporate profits, and then this tech
for making people's lives better and it's easier to do
that look.

Speaker 2 (01:02:35):
For that, which is the interface that fascinates me most. So,
a good guy like you wants to do well by tech,
but the world is dominated by people who love the
bottom line more. How do they coexist?

Speaker 10 (01:02:47):
Well, it's very possible, especially in AI, where there's a
limited talent pool, you can actually attract the very best
people by having a higher goal. For example, open ai
was originally founded as a nonprofit to give the benefits
of AI to the world, and that's what attracted the
very best AI scientists, which created the modern aichatbot.

Speaker 2 (01:03:08):
But I'm sure they said that when the invented the
net as well, didn't they? And yet look what's happened
to the net, the nest, the net, the Internet, Oh,
the Internet.

Speaker 10 (01:03:19):
Well, actually that's very true. That's thirty years ago now,
and hey, it did do some good things in the world.
Did you connect us? It did change our collective mind.
Unfortunately you didn't. You didn't anticipate social media and what
that would do to journalism and we that would do
to our social consciousness.

Speaker 2 (01:03:33):
Exactly. I'm not a techie like you, but here's my
view of AI. AI will ultimately prove to be very
broadly speaking, about the same as most other really big
advances in tech. In other words, it won't be as
transformative as you think, but it won't be as non transformative.
It'll be somewhere in the middle. Is that a reasonable
guess at this point in time.

Speaker 10 (01:03:53):
I would put my chips on the more transformative end
of that. It's different than most technologies, and it is
omni purpose. You can do all kinds of things pretty
much anything involving language on the input and language on
the output with this new technology, and that introduces but
it cuts across all vertical industries. But anyone, anybody who

(01:04:14):
has knowledge workers in their business, which is everybody, is
going to be impacted.

Speaker 2 (01:04:18):
It bought for good or bad? And how extreme do
you think, Well.

Speaker 10 (01:04:24):
There's two kinds of good and bad. I mean, the
bad that really worries me a lot is the sort
of unleashing deep fakes that dissolves people ability to know
it's true and false, or you know, dangerous weaponized bought
technologies that can break into our security and everything. Those
things are tough and their system problems. But the other
bad that maybe we're looking at Zealand. First, you know,

(01:04:44):
everyone's worried about you're done and seeing job loss and
so on. You know, the business cycle itself is causing that,
but people are worried that AI will too. And that's
the case where the humanistic AI approach says, you can
invest your efforts and attention and money in areas where
the AIS amplifying and changing existing human labor rather.

Speaker 2 (01:05:04):
Than seen it right, explain to me in a way
that I can understand it might and so you go
back to something like Siri. These things are only as
good as what they tap into. So in other words,
when I say, Siri, find me a recipe for tomato
soup that trolls the net, if it's not on the net,
it doesn't give you a decent answer. Does AI fundamentally

(01:05:24):
and profoundly change.

Speaker 6 (01:05:25):
That or not?

Speaker 10 (01:05:28):
That kind of thing is essentially going to be the same.
It's a slightly better interface to information retrieval then say
just blue links and Google, but it is there's much
more to it than that, because you can also ask
that things like help me design an interesting new radio
show using you know, I don't know, dancing rabbits or something,

(01:05:49):
so you can help you can use. You can use
it as an assistant to help you id eight things
but are just not out there in the world. You
can say, play the role of a critic, play the
role of an employer, play the role of a whoever,
and it will take that role, and you can then practice.
You can use it as sort of an omnipurpose human assistant.
There are crimes of things for you, but don't believe that.

(01:06:10):
It tells you it's true, that's all.

Speaker 2 (01:06:12):
Is that retrieving to do?

Speaker 6 (01:06:13):
That?

Speaker 2 (01:06:14):
Is that retrieving stuff that's already there and therefore must
source that? Or is it at a point will it
be at a point where literally it may be able
to do something we haven't even conceived or thought of yet.

Speaker 10 (01:06:25):
Oh oh, it doesn't retrieve anything to do. Sounds like
that it's already baked into its model. Its model is
essentially a very large compression of everything it's read, and
it's read a million lifetimes of content, and so it's
basically just all just smash that down into its model,
and then it can use that. There's enough patterns of
human thought that are in that model already, it can

(01:06:46):
use that to do new novel things with you. But
you have to tell it where to go. You can't
just say, hey, give me a solution to the world.

Speaker 2 (01:06:52):
So at what point does it take over the world,
Because if it has to be told what to do,
it needs to at some point think for itself. When
does that happen?

Speaker 10 (01:07:01):
Well, that will probably if that happen, it'll probably happen
because a bad actor tells you that, and that's what
we're really worried about.

Speaker 2 (01:07:07):
Listen, hold on, Tom, we'll come back with some more
in a moment. Tom Gruber, the inventor, among other things,
we'll talk about life school because that's interesting as well.

Speaker 1 (01:07:13):
Fourteen past the Mike Hosking Breakfast Full Show podcast on iHeartRadio,
Howard By News Talk, Zippy Talk.

Speaker 2 (01:07:22):
Sixteen past eight Tom Grubers whe Us he's a here
as part of Sparks Accelerates summit. We'll talk about life
Scoore Tom. In just a couple of moments. Here's a
text Mike, AI will be as transformative as electricity. Is
that fair or not?

Speaker 19 (01:07:33):
Do you think I actually.

Speaker 10 (01:07:35):
Believe it's true. I think PJ said that the head
of Google is sort of the company with the biggest
investment in AI. I think he's right. It is omnipurpose
like electricity. Electricity has changed all kinds of businesses and lifestyle.
Lifestyle thanks and well do that too. It hasn't happened
this year. It's going to be a little bit of
transition exactly. That's the main reason.

Speaker 11 (01:07:56):
Is it.

Speaker 2 (01:07:56):
How exciting is it to be in this day and
age doing what people like you do versus being edison
and discovering stuff that we now take for granted.

Speaker 10 (01:08:05):
It's amazing to be live right now to see it happening,
and we're you know, we're all going to see it happen.

Speaker 16 (01:08:10):
I saw.

Speaker 10 (01:08:11):
I was already a professional when the web happened, and
seeing that happened was really exciting. It's been thirty years
now seeing this happen. Now, it's going to eclipse the
Web in terms of the impact. And I think we're
going to see and all of us in our lifetime
thing called artificial general intelligence, which is sort of general
purpose AI that you can just kind of do whatever
you want it to. That's going to change everything. And
the funny thing is we saw that we saw from

(01:08:32):
pre cell phone days all the way to that in
one lifetime.

Speaker 2 (01:08:35):
Is it going to dumb us down. If something or
something or somebody can do everything for us, what do
we do?

Speaker 10 (01:08:42):
No, absolutely won't unbust down. If intact, it's going to
challenge us throughize the education because sort of mediocre writing
and reading and mediocre knowledge work is not going to
be appreciated anymore. People are going to have to step
up and use these tools to be better than they
are today. And those who can learn to do that
are going to be the ones who good to hide
ping jobs.

Speaker 2 (01:09:01):
Life score it's adept of music dynamically composed and produces
as it plays, which allows it to adapt to content.
What's the purpose of that? Why would you want to
do that?

Speaker 10 (01:09:14):
Well, let's say on your morning commute, you're listening to
the radio and then you want to turn for a
little bit of music to chill out. Well, it can
generate a piece of music that is a journey. Is
it company's your journey? Like a film score for your journey.
Or let's say you're working out in a gym and
you want to have something just not a playlist, but
actually adapts while you're working out how it's going. That's

(01:09:34):
you can still have human machine human music, but it's
remixed on the fly.

Speaker 2 (01:09:39):
Is that being told what to do or is it
doing it for you?

Speaker 10 (01:09:44):
It's basically taking music that was composed by humans and
recomposing it to in face of the signal. So like
you're a stoplight, it's sort of playing a nice, chill
like holding beat, and then as you go up and
accelerate to go to the highway, it ramps it up
and goes mak. It's all music that's already been composed
in a little bit, but then it's making it adapt

(01:10:05):
to your life situation at that moment.

Speaker 2 (01:10:07):
Is it workable? Is it real? Is it happening right now?

Speaker 19 (01:10:10):
Yeah?

Speaker 10 (01:10:11):
It does work, and we have we've had working for
a couple of years. Now it does actually work. It's
really fun. In fact, we've also found that we can
just do it even without the adapt team. We can
just tell it. Hey, here's a guy who had an
album that's of great music for relaxing. He said, give
me an eight hour sleep album. I can't afford to
write this. Myself and the machine really have an eight
hour album that now his fans can go to sleep with.

Speaker 2 (01:10:32):
Wow, how's the money side of this? It is raising.
It strikes me that if you've got ai in your CV.
There's money to be head out there to, you know,
try new ideas and do new research. Is that true?

Speaker 10 (01:10:45):
There is, although that sort of an initial hype excitement
is sort of over now. I think. I think now
we're in a phase where we're looking people are looking
to spend money on how do you take existing AI
ideas and apply them interest specific industry where you know
for sure that industry has a problem to Sarce.

Speaker 2 (01:11:02):
Fantastic. Well you enjoy your staying in the country, Tom,
I've appreciated your time very much and good to meet
and talk with your Tom Gruber. Once upon a time
the inventor of Siri, but has gone, as you've just heard,
onto other big, bright and wonderful things. Geees. She's an
interesting world, isn't it? Coming up? Eight twenty one.

Speaker 1 (01:11:19):
All the Mic Costing Breakfast with al Feda, Retirement Communities News.

Speaker 2 (01:11:23):
Togs head be.

Speaker 6 (01:11:26):
Mike.

Speaker 2 (01:11:26):
I worked with authors in the publishing industry. I can
tell you there's a lot of concern about intellectual property
rights and copyright. This is where the creative landscape will
be unrecognizable in a very short time. Yeah, those are
the well will they or won't they? I mean, I
think the learning in life is that as each of
these new things comes along, you work your way around it,
don't you. And so I mean his music was, I mean,
but I didn't have time to talk to him about it.
But basically, you know when you suddenly make up music

(01:11:47):
and it's pre recorded music against whose music was? And
do they clip the ticket? And do they get paid
for it? Listen, time to talk about the pioneers and
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(01:12:09):
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(01:12:30):
wireless device charging, curved glass, green co two management systems.
The futuristic rain drover Verla brings sophistication to a whole
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the rain drover VILA. So contact your nearest retailer for
more information asking I didn't have time to talk to
him and ask him. Very good piece I read yesterday

(01:12:50):
on the Sidney Morning Herald from open Ai to wise tech,
does the sector have a governance problem? The article Look
it up if you're interested. It involves a guy called
Rich White, who you may or may not know, doesn't
really matter, but they talk about generally these large tech
companies and how they're structured in a way that the
people who started them, always men, can't be gotten rid of,

(01:13:12):
and so no matter what happens, they're kind of stuck there.
Zuckerberg he's got outsized voting rights on Meta. He owns
less than twenty percent of the company, but he basically
controls it, and there's nothing they can do about it.
The founders of Snap, Google, Alphabet, all that stuff, they've
got special voting shares. They are basically stuck with these
people forever, and whether or not going forward. That's a

(01:13:33):
major problem in terms of innovation, business, conduct, culture, the environment,
all that sort of stuff. Trump update, I am so
onto this, it's not funny. So they said twenty two
Trump was calling. Obviously he wasn't calling it twenty two,
but they had to be ready just in case. So

(01:13:56):
the contact in the office they said five past eight.
So first of all, if he rings on time, which
he was never going to, how long do you reckon
the phone call?

Speaker 7 (01:14:04):
Is?

Speaker 2 (01:14:04):
The answer is anywhere between I reckon five and twenty,
depending on how crazy Trump is at any given moment,
whether or not Golf has raised, whether or not Luxeon
has got the wherewithal to offer up a couple of
key phrases that might trigger He goes, you're gonna drill, baby, drill.
He's off. He's good for half an hour all day long.

(01:14:27):
So depending on that, So the office goes, we'll get
them for you for five past eight. I said, that's
never happening. Then it's ten past eight. I said, don't
make me laugh. Then they said it's twenty five minutes
past eight, and I said that's not going to happen either.
And then they said, looks like a twenty five, probably
isn't going to happen. We'll come back to you a
sap which, of course my guess he can't go past

(01:14:50):
eight thirty apparently because of the apology.

Speaker 4 (01:14:52):
Can we interest you in tomorrow? Mind?

Speaker 2 (01:14:54):
Yeah, exactly. Anyway, I'll keep you posted. You're trusted.

Speaker 1 (01:14:59):
Ho Use four Entertainments of Opinion and Mike the Mike Hosking,
Breakfast with a Vida, Retirement, Communities, Life Your Way, News,
togsad B.

Speaker 2 (01:15:10):
But he was on, he was on till he was off.
Poor old Sam's never had a day like it in
his life. Sam is in literal meltdown.

Speaker 4 (01:15:20):
I mean, what are week jury duty?

Speaker 2 (01:15:22):
Yesterday? About this? And what's going to tomorrow? He was on,
he was on to the office. He goes, right now,
we'll get him on now can he do it in
the car? And he's off the phone. And we were
one hundred percent right. We didn't get the fine details
on the phone call, but he was. He was still
on the phone at eight twenty five to Trump. So anyway,
let's get him in the car. Yep, we're going to
get him in the car. Then they couldn't do it,
and now he's gone. Apparently he's vanished off the face

(01:15:42):
of the earth.

Speaker 4 (01:15:42):
Do you reckon National Radio? Rangham and said they don't
want you anymore.

Speaker 2 (01:15:47):
There is no interview with Mike Hosking could be that
twenty three minutes away from.

Speaker 14 (01:15:51):
Nine International correspondence with ins and Eye Insurance, peace of
mind for New Zealand business.

Speaker 2 (01:15:57):
I've just got pictured in my mind just for the
level of combustion inside the Luxton office. It's just like
you can see how many bureaucrats do you think we're
running around losing there? You know what over the last
forty minutes anyway, Rod Lills withs mate, how are you?

Speaker 19 (01:16:13):
I'm fine made the travesty in my opinion, but there
we are.

Speaker 2 (01:16:17):
What's a travesty in your opinion?

Speaker 19 (01:16:19):
That interview you didn't get?

Speaker 2 (01:16:21):
Yeah, exactly. I couldn't agree more well well said, but
I can. I can always rely on you to spot
a travesty when one is just quickly on on on Armistice.
In the last couple of days in your particular part
of the world. How much coverage and how much interest
in the return to prominence of Princess Kate was there?

Speaker 6 (01:16:39):
Oh?

Speaker 19 (01:16:39):
Quite a lot. She's regarded its very very highly. Indeed,
don't forget that we have a certain mixed opinion about
our royals at the moment. There are the good ones
and there are the bad ones. And at the moment
probably Kay is right at the top. And I would
have thought William William and Charles joint second. So she's

(01:17:00):
kind of the favorite at the moment for the kind
of common sense, dignified regal approach.

Speaker 2 (01:17:07):
I always liked the photograph. I looked at it yesterday,
Of all the living past living prime ministers, there's something
about history that, no matter what the politics of the day,
brings people together in the right way.

Speaker 19 (01:17:21):
No, that's right, that's right, except it's caused a bit
of a few rule this year that our ow commemoration
at the Cellotaph, Diegel Farahs wasn't invited, but then nor
was I Mike. Frankly, however, Farag was kept away from
it because the leaders of parties with more than six

(01:17:46):
MPs are allowed to attend. The senatorph he thinks it
was a fix. He's only got five MPs, so it's
not really a fix at all, But nonetheless he was
very affronted. At the same time, Sakir Starmer hopped over
the Channel to attend the Armistice Day commemoration in France

(01:18:07):
with President Macron, the first time any British Prime minister
has done that since Winston Churchill in nineteen forty six.
I don't think that means that Sakiir is the new
Winston Churchill. I think it might mean that France's longtime
resentment of Britain it may have abated a little. It

(01:18:27):
ought to be said that for an awful one of
those years they didn't have an Armistice ceremony as such,
and the by and large the prime ministers of each
country and presidents come together on d Day rather than
Armistice Day, so that ought to be said as well.
But undoubtedly in Sirkis Staler's mind there is a bigger

(01:18:47):
across monk going on with Europe and particularly with France,
and their meeting on Armistice Day was a time for
them both to issue statements about how they were going
to remain full square behind arms to Ukraine no matter
what Donald Trump gets up to.

Speaker 2 (01:19:06):
Well, there's a two part question to that, doesn't there
really do they know what Donald Trump is? Is Trump?
Are they assuming Trump is out in terms of money
and weapon supply, and two if he is, who's actually
footing the bill, because the bill isargentuant and neither one
of them has the money.

Speaker 19 (01:19:25):
No, well, that's exactly right, and it brings hto sharp
relieves the main problem which Donald Trump has with Europe,
which is if we don't pay our way. You know,
we rely upon American large ass for our defense and
have done for sixty seventy years that there is no
question about that. However, there is a sense to it

(01:19:46):
that if you think that at some point down the line,
once he's taken office, Trump is going to attempt to
resolve the Ukraine Russia crisis, it does make sense for
to be in the best possible military position when that happens.
And that's that's what I've been saying for you know,

(01:20:06):
a number of months, that there will have to be
a negotiated peace. Of course there will, that's how wars end,
and it's important that when that comes, Ukraine is militarily
in the best possible position.

Speaker 2 (01:20:20):
What is the vibe in Europe's because I can tell
you what Zelenci is going to say from one of
his one of his people, Trump's people, they said, we're
going to ask Zelensky what he thinks peace looks like.
And if he comes back and sees Crimea crime, he
is gone. So you can see where Trump's going to
go on this. If crime is gone and some land
has to be given and Putin gets his Russia back,

(01:20:41):
how does the rest of Europe feel about that? Versus
how Zolenski?

Speaker 19 (01:20:48):
I think the rest of Europe is divided. There are
some of the visit rap states such as Slovakia and
Hungary for example, and two degree Italy, which I think
that this has gone on too long. A lot of
German feeling to that effect as well, and that you know,
Crimea is a battle which should have been thought it

(01:21:10):
was going to be fought in twenty fourteen, it wasn't
and it's gone. It is added to the fact, of
course that ninety percent of the people living in Crimea
are Russian. So there is a kind of there is
both a moral and a pragmatic reason for saying Crimea
is gone. The far more difficult thing will be to say,

(01:21:33):
you know what happens to Danetsk and Luhansk. Again, Europe
is a bit split. There is not the unity that
you know Macron and Starmer and before him. Johnson put
before the world that we are force square behind them.
Some of the countries genuinely aren't. By and large, Poland, Lithuania, Latvia,

(01:21:54):
Estonia are very very much in favor of continuing to
arm and defeat Russia are to our uclean than defeat Russia.
The rest of Europe, to varying degrees, is less supportive.

Speaker 2 (01:22:08):
Roderick always a great pleasure, and we'll see you Thursday.
Appreciate it. Rod a little out of Britain just before
we leave the area. By the way, Apache, who are
an oil company north Sea. They've had enough. They're gone.
So the Energy profits levy, the EPL this was all
part of the budget was originally came in in May
of twenty two. Huge profits. Government thought, I know, we'll
get a bit of that action. This was sunic. The

(01:22:30):
money raise would support households facing the energy bills. Of course,
the energy bills in that particular part of the world
went through the roof as the war started, the pipeline,
et cetera. Initially, the windfall tax essentially is what it is,
was set at twenty five percent, due to expire in
twenty twenty five. Conservatives later raise that to thirty five percent,
said it would last until March of twenty twenty nine
labor arrives. They've raised it to thirty eight percent, meaning

(01:22:53):
the total tax on companies is now seventy eight percent,
and they've extended that the year. So Apache said the
onerous financial impact of the EPL, combined with a substantial
investment that would be necessary to comply with regular ty requirements,
makes production of hydroc carbons beyond twenty twenty nine uneconomic.

(01:23:13):
We're off and at seventy eight percent by way of
a tax rate, Who can blame them? Eight forty five.

Speaker 1 (01:23:20):
The Like Asking Breakfast Full Show podcast on iHeartRadio powered
by Newstalks.

Speaker 2 (01:23:26):
At B twelve away from nine. Just wore I leave
Russia and the whole part of the world. So COP
twenty nine is under way. Azerbajan of the hosts a
guy called Sultanoff who's the chief executive of COP twenty nine,
the Azerbaijani team. He's been caught on a video discussing
investment opportunities in the state Oil and Gas company with
a man posing as a potential investor. We have a

(01:23:46):
lot of gas fields that need to be developed. He's
also by the way deputy Energy Minister of Azebazan and Azerbaijan.
If you know about Azebajan, mostly they make the money
from oil and gas. So one COP twenty nine is
in an oil and gas country. The bloke who is
the Minister in charge of oil and gas but also
the minister in charge of COP is busy on a
zoom call drumming up business on oil and gas. So

(01:24:09):
reputation nicely intact. There, well done, And my guess is
here's my call, big call, but I'm going to make it.
I reckon there's going to be a COP thirty because
I don't believe that COP twenty nine is going to
conclude with the sort of resolutions to save the planet
that they think.

Speaker 4 (01:24:26):
We had that guy this morning earlier on saying that
all they have to do is completely redesign the global
financial system and then.

Speaker 2 (01:24:33):
It's all it takes. It's a trillion dollars, it's all
it takes. And yet I don't believe at COP twenty
nine they'll do it though, will need a COP thirty.
Call me a pessimist. Putin has also through Lavrov, whose
Foreign minister suggested he's offering what he calls total support
for Africa. So this was a summit in the Black Sea,

(01:24:55):
so she to be precise. Once upon a time a
home to won the Winter Olympics and two F one racing,
but then the war ended all that. But be that may,
several African governments have cut ties with Western our eyes
and this is this is an ongoing thing that we
need to think about. This is Brooks. Last time I
talked about this was bricks and so you've got this
b Kina Fassa's foreign minister said Russia was a more
suitable international partner than the former colonial power a place

(01:25:18):
called France, view shared by several of France's former colonies,
reiterated by Marley's foreign minister, who contrasted the Kremlin's sincere
partnership to the neo colonial relationships of Western powers, as
well as military cooperation, Marley's exploring joint projects with energy, telecommunications,
technology and the mining sectors. The Wagner mercenary fighters, by

(01:25:41):
the way, are rebranded under the African Call banner by
Russia's Defense ministry, were the preferred choice for the military
leaders who ordered French and new In troops to leave.
So they liked Wagner, They like Putin and Africa's quite
a big place. I don't know if you've noticed that lately.
Nine minutes away from nine the.

Speaker 1 (01:25:58):
My costly regulist with the anger of a villars.

Speaker 2 (01:26:02):
Mike, you missed. Many of them are dictators that need
Russia to stay in power, and I didn't miss that.
But what I'm trying to point out to you is
the world is shifting in a significant way and for
a so called Lepper outlier whatever you want to call Russia,
there anything. But they hosted bricks the other day with
the leader of China, the leader of India, and the
head of the United Nations shaking hands for all intentsive purposes.

(01:26:24):
If you come from Mars and planted yourself, you go,
oh yeah, I see that that guy in the middle
of the little short board guy. He must be the
most powerful man in the world, selling oil like the
snow tomorrow to Indy. You're at a discounted prut for
all of the we're shunning him. It's not working, Bingo,
dream big, Mike. Like every tech inflecion point, the net
positives across the ark of humanity will be really positive.

(01:26:44):
We have an unreal opportunity in New Zealand. If we're
going to take it, it's very positive. Mike Cookware who
knew Brits had such a good taste. This very good
point goes back to the La Cruze talk earlier on
this morning. Mike went to Paris to buy a handbag,
as you do. We went to Paris by handbag, bought
an Azure La Crusee cassero oldish instead carried it home
on the plane. Better than a handbag. I've never heard

(01:27:06):
anybody compare a La Cruze casserole dish to a handbag,
but fuends on what sort of handbag it was.

Speaker 4 (01:27:14):
I wonder why they went Azure, not Coastal blue or
Chambre I suspect.

Speaker 2 (01:27:19):
Here's my guess. Coastal blue was not out at the time.
That's a color for summer. It's a seasonal color.

Speaker 4 (01:27:26):
If chan bray was just a little bit too much
seventies eighties.

Speaker 2 (01:27:29):
That would be my personal view. But you know what
do I know about that? Five minutes away from nine.

Speaker 14 (01:27:35):
Trending now with chemist ware House great savings every day.

Speaker 2 (01:27:40):
So we've told you this morning about the tennis commentator
who lost his job after the hot mic problem. Now
we've got a premiere referee a video back in twenty twenty,
so he's been canceled late. Guy's name is David Coote.
He's one of the better ones going. He's on the
couch with his mate in lockdown. They start recording their
thoughts on Yugen klop. Do you think they're little bit
pot ball?

Speaker 11 (01:28:00):
Game?

Speaker 2 (01:28:00):
Earlier when you were fourth official.

Speaker 6 (01:28:03):
Liverpool was ship What do you think of?

Speaker 2 (01:28:05):
Absolutely?

Speaker 6 (01:28:09):
What? What was you?

Speaker 2 (01:28:10):
What would you say? Why would you say that the clop.

Speaker 20 (01:28:14):
Aside from having the right pop at me when I
rest them against Burnley in lockdown, then he accused me
of lying and then just the right pop me And
I've got no interest in speaking to someone who's arrogant,
so I do my best not to speak to him.

Speaker 2 (01:28:33):
For some reason, I was expecting a different eccent, isn't
it That could be out of the gentleman, couldn't it.
What do you think of the jug clop?

Speaker 18 (01:28:41):
Oh?

Speaker 2 (01:28:42):
I say absolutely is more.

Speaker 6 (01:28:43):
By the way, just to be clear, that last video
can't go anywhere.

Speaker 2 (01:28:49):
Seriously, you know what it has to the Mike hosting
breakfast As it turns out all these years later anyway,
So the officials are having a look at that one,
and when they had a look at it, the spended him.
Problem is because the time of the video, Coot was
var for three Liverpool games in twenty twenty when he
didn't award the handball, not awarding the handball because he's

(01:29:12):
a you know what. That's what happened is he didn't
award the handball penalties or red cards when Liverpool fans
thought it was warranted. So that's been looked into as well.
That is a scandal. I leave you with this question.
Does not that a couple of you suggesting that I'm
somehow upset or grumpy that Luxon didn't come on the program.

(01:29:33):
I couldn't not remotely upset. I found it more entertaining
having Luxon not on the program this morning, actually, and.

Speaker 4 (01:29:39):
We should do that more often.

Speaker 10 (01:29:40):
Yeah.

Speaker 2 (01:29:40):
I think the story of Luxon on the phone to
Trump was far more entertaining than whatever Luckxin was going
to sound on the prayer. So I'm not remotely upset?
Does the iis? And interview tomorrow is my simple question?
Does should he turn up tomorrow for a bit of
a debrief and a bit of a I couldn't make
it yesterday, so here I am today type vibe. What
do you reckon about that? Anyway, We will be back

(01:30:01):
no matter what as of six o'clock tomorrow morning, as always,
Happy Days.

Speaker 1 (01:30:08):
For more from the Mic Asking Breakfast, listen live to
news Talks at B from six am weekdays, or follow
the podcast on iHeartRadio

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