Full Show Podcast: 18 March 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
New Zealand's voice of reason is Mike the Mike Hosking
Breakfast with the range Rover, the la designed to intrigue
and use togsdaed b will you welcome today?

Speaker 2 (00:10):
More good news for our economy around Derry act getting
into the local election business with candidates for October. The
Prime Minister has met Modi in India overnight, So Chris
Luxen with us after seven thirty. Blair Jollins an ex
pat Keyweed making music for movies and indeed himself in
for a song and a chat after eat Katherine Field
in France. Rod Little does a little bit of the
old British forests pasky. Right here, here we go seven

(00:32):
past six. I tell you what, if the New Zealand
Labour Party want to get real about re election, they
should look no further than the UK Labor Party. So
keya Starmer blew up the NHS on Friday. It doesn't work,
he said, the bloating of the numbers has not improved anything.
He said jobs will be lost now. Before he blew

(00:53):
up the NHS, he attacked the welfare system. He called
it unjust and unfair. Essentially, there are far too many
people sitting on welfare doing nothing, and there's no incentive
for them to change their habits. Remember this is a
British labor prime minister. We're also expecting the Chancellor to
slash more spending. Why because they don't have any money.
Oh if only Hipkins or an Adern or a Robertson
were anything close to this. What was close to this,

(01:15):
by the way, was Roger Douglas, David Longee, Richard Prebble,
David Kagel and Mike Moore the proper Labour Party, the
Labour Party many recognized as being the middle of the road,
centrist type party that a lot of New Zealanders could recognize.
If what Starmer is up to works, he's Blair two
point zero and the lesson Blair taught us is the
same lesson that Bob Hawk taught us in Australia. A
labor movement doesn't have to be about wokeness and largesse

(01:36):
an economic ineptitude. It needs to be about common sense
the worker, and the worker, by the way, is not
a hardcore unionist, but a middle class New Zealander who
gets up, makes their kids, lunches, heads to work, comes
home a little bit late. Bit tired, ready for a
barbecue and a beer at the weekend, living in their
own home in suburbia, with a belief that life is
pretty good. New Zealand is pretty good and the future
is moderately bright. None of that is hard, but a betch.

(01:59):
It's completely foreign to most of the current labor lot,
who butchered the place between twenty seventeen and twenty twenty three.
The old adage around votes and political support, about the
center being large and a place to get a lot
of success is real, and we wouldn't mind some wider representation.
I mean, national or labor can occupy the center. History
shows it's possible and it's successful. Hipkins needs to study

(02:21):
Starma and learn.

Speaker 1 (02:25):
News of the world. In ninety six going to.

Speaker 2 (02:27):
The war, having got Ukraine on side, Trump on the
plane back to Washington from Florida, where he had been
overseeing the bombing of Yemen, is heading for the phone
with Ladd.

Speaker 3 (02:35):
We're talking about power of plants, because that's a it's
a big question, but I think we have a lot
of it already discussed.

Speaker 4 (02:44):
We're already talking about that dividing up certain.

Speaker 2 (02:48):
Assets meantime in Syria, in fact, on the border with Lebanon.
Violence is broken.

Speaker 5 (02:52):
Out the Ministry of the Firms Public.

Speaker 6 (02:56):
Yeah, and I as your hymore, I attacked us just
like that, slaughtered us.

Speaker 2 (03:01):
Our friends, our neighbors, our children, our relatives, our in laws,
all of them were slaughtered.

Speaker 7 (03:06):
They stormed the houses shooting.

Speaker 2 (03:09):
This blog is supposed to be in charge of security.

Speaker 5 (03:11):
The Ministry of Defense, Public Security Department and police units
were there to protect the people. Many individuals from the
countryside surrounding the cost came seeking revenge.

Speaker 2 (03:22):
At the space station. The two stuck for the past
nine months. They're getting all their belongings together before they
head back to Earth. Some debate around the claim that
a new president might have made the rescue a little
bit quicker.

Speaker 8 (03:33):
The schedule.

Speaker 9 (03:34):
Even way before the Trump administration. We knew that the
schedule was going to be February. SpaceX delayed it even
further till March. And that's why it's just an issue
of supply, so.

Speaker 2 (03:47):
Had nothing to do with the President. Len a Britain
couple of things. One, the reform scrap between mister Law
and mister Farage is at least according to one side,
and not a bit.

Speaker 10 (03:55):
It's very much at the agency. It's marginal. And look,
you know something, can you imagine given the complaints that
have been made against one of our MPs, can you
imagine if I've not done anything about it. Yeah, yeah,
had knowledge of allegations.

Speaker 2 (04:09):
And two some growing uneas within labor. The aforementioned actually
over the pending welfare cuts. Some in labor, of course
still love welfare, but the minister has worked out they
don't have any money.

Speaker 6 (04:17):
The current welfare system is failing the very people it
is supposed to help. The people is therefore, and our
aim is to make the system sustainable so that it'll.

Speaker 8 (04:29):
Be there for people now and.

Speaker 6 (04:31):
In the future.

Speaker 2 (04:32):
Now, Rod's going to have more on that after thirty
many times that's news of the world than ninety forever
twenty one name you will know they're filed for bankruptcy
in the United States. And you say to yourself if
they filed for bankruptcy before? In the answer as well,
yes they have Chapter eleven of course sort of provides
you more protection rather than you closing the door. But
that originally they were filing in twenty nineteen. Anyway, Fast

(04:52):
Fashions Dead or Dying. They were founded in Los Angeles
and eighty four by South Korean immigrants. At its peak
in twenty sixteen, they had eight hundred stores globally, five
hundred of which were in the US. And speaking of
the US, the old retail sales came in this morning.
They thought they'd be zero point seven. Whoops, there are
zero point two, so things are tightening up. Twelve past six.

Speaker 1 (05:16):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talk ZEB.

Speaker 2 (05:24):
While America's shrinking, China's expanding. Retail sales up four percent
this is for Jan and Feb are three point seven
in December. Industrial production up five point nine for the
Jan and Fab period as well. And the people who
run China are just promising money for Africa. They're bolstering
residents in comes, household spending there. It's money for all,
that's free for all. Fifteen past six now from jam

(05:49):
My Wealth Andrew callaher. Good morning, very good morning, Mike.
Not a free for all here? What happened to services?
I thought I thought we were going in the right direction.

Speaker 11 (05:56):
Andrew, Yeah, well I think we are. I think we
You've just got to be a little bit patient. So look,
we've started the week with relative carmen off to markets. Actually,
I do want to make that point. That's a little unusual.
So no tariff discussions over the weekend out of the
White House, so I'm not sure whether that's an uneasy
silence or not.

Speaker 8 (06:13):
Yeah, but yesterday morning, Mike, I think you covered off.

Speaker 11 (06:16):
The manufacturing index update that we that we got from
B and Z Businesses on that was released on Friday,
and good news on that front. And we're also we
cheered that the partner data series is the Services Index
was released yesterday, So manufacturing cause for cheer, but unfortunately
the services outcome has sort of deflated.

Speaker 8 (06:34):
Pop that bubble a little bit.

Speaker 11 (06:36):
Because the services sector has slipped slipped back into contraction
after sort of just nudging into expansionary territory in January.

Speaker 8 (06:45):
So sort of raining on.

Speaker 11 (06:46):
The little parade I was planning on a little parade today, Mike,
the nascent economic recovery parade, and we've had to.

Speaker 8 (06:52):
Put that, We've had to postpone that.

Speaker 11 (06:53):
So forty nine point one was the number for the
Services index. So revisiting the space at occupied for much
of last year, which was below fifty, and just looking
through the sub indexes, you know, activity.

Speaker 8 (07:07):
Sales that fell quite a bit. It fell four.

Speaker 11 (07:09):
Point six points forty nine point two, new orders business
forty nine point four. What's going on here? Employment still
in contraction. But here's the thing. Let's take the glass
half full approach, though a note that in the last
couple of months both manufacturing and services have had one month.

Speaker 8 (07:28):
In expansionary territory.

Speaker 11 (07:30):
So that's an improvement on last year.

Speaker 8 (07:31):
It's not earth.

Speaker 11 (07:32):
Shattering, it's an improvement. Let's accept this inevitable noise in
the monthly did what it does underline, Mike those that
is that while we are we are going to see
an economic recovery this year, it's not going to be
a frothy recovery. If you look at the comments that
were made when they do the survey, they ask people

(07:53):
for comments, and the overall tough economic climate that still
remained the key observation. You put the two together, the
service and manufacturing, you get the Compson Index. Yes, it
did fall back into contraction, but the direction of travel
is improving and is consistent with some economic recovery this year.

Speaker 8 (08:11):
Just be, just be You've just got to be cautious
about how much recovery you think we're going to see.

Speaker 2 (08:15):
All right, very well. Put now housing, where are we
at that?

Speaker 11 (08:19):
Yeah, everyone's favorite topic, you know, the traditional source of
the wealth effect that we've historically observed.

Speaker 8 (08:24):
When house price is.

Speaker 11 (08:25):
Left and Mike, a little bit of good news here.
House price is by way of my preferred measure in
the arians data, which is the house price Index, it
edged up zero point five percent.

Speaker 8 (08:35):
That's in positive territory.

Speaker 11 (08:36):
Mic I look at the annual move twelve months to
the end of every still in negative territory unfortunately, down
one point two percent. And Auckland, you know, the big
old market north of the Bombays, still a handbreak on
national progress given it's so large. It was down two
point three percent year on year. But other areas have
fed worse. Mike Faraday, that was down four percent. Told

(08:57):
on Wellington, Hastings down five percent. They're all pretty weak,
so not the only ones. There are others, but notably Mike.
This is not the same in the South Island. We
have bifurcation between the two islands. It looks more positive
down there. What's going on in the Cargo twelve month
house price is up four percent. Look, but in general,

(09:18):
looking at the state of the market. It's pretty it's
a pretty positive prose. I think, well, we are seeing
pretty pretty positive prose from the real estate folk. They
talk about growing confidence, fueling market momentum, sales have increased,
activity is ramping up. A quick throwaway comment that I
heard yesterday from a participant in the mortgage broking business.

(09:41):
He said that the mortgage brokers are busy. Something is stirring.
So look in the in the face of I guess
rising inventory and relatively stagnant prices that there's fighting talk
here in the commentary. In all fairness, the number of
sales have lifted. That's a good sign. And it was
a monthly increase in the house price action. So could
it be a change of trend?

Speaker 2 (10:00):
Were you sure? We shall take all good news well received.
What are the numbers?

Speaker 8 (10:04):
The numbers right? Well, here we go, nice positive start.

Speaker 11 (10:06):
Today, the Dow Jones is up two hundred and eighty
two points or forty one thousand, seven hundred and sixty.

Speaker 8 (10:12):
Seven, that's two thirds of a percent.

Speaker 11 (10:14):
The S and P five hundred is up nine points
five six four seven, and the NASAK just down thirty six,
but only down small seventeen thousand, seven hundred and seventeen. Overnight,
the footsy one hundred gained forty nine points eight six
eight one, The nick was up almost one percent thirty
seven thy three hundred ninety six, the Shanghai composite gained

(10:34):
point one nine percent three four to two six. The
A six two hundred gained sixty four points point eight
three seven eight five four. Unfortunately, the NSX fifty started
the start of the week in negative territory, down point
eight two percent, down one hundred points twelve thousand, one
hundred and sixty six, and spark coming under more pressure.

Speaker 8 (10:53):
But here's the thing.

Speaker 11 (10:54):
The key we dollar against the US point five eight
one five, that's above fifty eight cents, above ninety one
cents against the Aussie point nine one one four point
five three two five Euro point four four seven seven
pounds eighty six point four seven Japanese yen goals still
around that three thousand dollars, just under two thousand and
nine one hundred and ninety five US dollars and Brent
crud seventy dollars and ninety seven cent good stuff.

Speaker 2 (11:17):
See you tomorrow, Andrekellah Jmiwealth dot co dot m zsky
Political uncertainty is good for son Ryan Metal, Just to
let me give you an insight. They're an arms maker
in Germany, very well known. They're expecting twenty twenty five
sales to jump by twenty five to thirty percent thirty
six percent jump in consolidated sales last year. So you
take your thirty six from last year, add thirty this year.

(11:39):
Do the math. Operating profit record high last year, up
sixty one percent to two point six billion dollars. Wal
can be good six twenty one. In News Talk zv GO, Money.

Speaker 1 (11:52):
Now Good, The Mike Hosking Breakfast Full Show podcast, ton
I have ready, Howard By News talks at me.

Speaker 2 (12:03):
Covid are going to have some going to have some
pushback and some comeback. One hundred and twenty nine thousand
businesses took out COVID loans valuing two point four billion.
Now the deadline's coming for that to get paid back.
A lot hasn't been paid back, so we'll look at
that very shortly. Meantime, As Karne, new Prime Minister for Canada,
heads to France and we'll have Catherine on that for
you as well. Poll out, more than sixty percent of

(12:24):
Canadians reported buying fewer American products. I don't even know
that that's true. I'm very, very suspicious of these sort
of surveys. It's the it's the classic patriotism thing. Hey,
do you think you're buying more Canadians? You think you'll
buy more? Absolutely, we will. Whether that actually happens or not,
I don't know. Seven out of ten say they've upped
their purchases of goods made within the country. I was reading.

(12:45):
Funnily enough of the Trump puts two hundred percent on
wine Treasury, which is a major producer in Australia. Penfolds
they and I didn't realized this. They make a lot
of their wine in America, and so two hundred percent
is going to kill a lot of companies. But if
you're already in America, which is the whole Trump argument,
of course you have already there your quids in anyway,
more on that light of six twenty five.

Speaker 1 (13:04):
Trending now with use the home of big brand fighters.

Speaker 2 (13:09):
Now, Will Smith's making a musical comeback of sorts. It's
been twenty years since his last album, so his new
album is called Based on a True Story. It drops
twenty eight March. A couple of singles already out. Apparently
one's called Beautiful Scouce.

Speaker 8 (13:22):
I hate the musical Why did he do it to
young on the helm?

Speaker 9 (13:25):
That's the beautiful scarce.

Speaker 1 (13:28):
Yeah, it's the beautiful flood.

Speaker 12 (13:31):
Yeah, millions.

Speaker 2 (13:37):
You don't like that one, And as it turns out,
I don't. This one's called work of art.

Speaker 13 (13:41):
I am the paint and I'm the brush and I'm
the canvas. I am a think but if you touch,
I am a savage. I am a libra, but I
identify as a cancer. I am the tongue twoping the
buf in tandem. I am the fun and I'm the rain,
and I'm the way he.

Speaker 2 (13:56):
Should turn to movies real. Oh sorry for his son.

Speaker 13 (13:59):
Jaden's in that mousa Amjesus am judis.

Speaker 2 (14:02):
In that Nepo baby kind of way that everything seems
to unfold these days. The album, he claims, will set
a new bar for musical artistry. He also addresses the
fact that he's been called socked by rappers because he
never swears in a song. So he's going to fix that.
He's going to add He's gonna swear like a mofo. Apparently. Yeah,

(14:23):
the COVID loans, So you wondered at the time, and
it was one of those weird things. And it was
mainly the sole operators or the sole traders who took
out the money. And we have a tremendous amount of money,
and of course there was very low interest and there
was also no kind of well do you think you
could pay them back? Are you in a position to
be able to pay back these loans? There was none
of that. So there's still nine hundred and fifty three

(14:45):
million dollars owing. So let's call that a round billion.
That's the labor party for you. Let's call it a
round billion. So what happens, simple question, what happens if
people can't pay it back. We'll have a look at
this after the news, which is next here on the
my Cosking breakfast news Talk, said.

Speaker 1 (14:58):
B Mike usgame insightful, engaging and idle. The Mic Hosking
Breakfast with Bailey's real Estate altogether better across residential, commercial
and rural news.

Speaker 2 (15:12):
Togs Head be Mike Luxon seems to be promising stuff
we don't have. How can New Zealand contribute to military
in the region with India? He's dreaming, No, he's not
to Kaha is due there shortly, but we'll ask him
because he's with us in an oil mike. Further to
the COVID loans, whatever happened to the money people never
paid back when they state at MiQ they should have
had their credit cards. Will you know Greg where that's going.

(15:32):
That's another labor special that was Come and stay and
we'll give you a bill. Oh you don't want to
pay the bill? Are we going to chase you up? No,
we're not. And so it goes twenty three minutes away
from seven Canadian Plan Minister. The first port of call
is Prance and we'll caught catch up with catherin Field
in a couple of moments. Now back home, we might
be well, we might have a bubbling or a building,
a physical problem for some small businesses who borrowed money

(15:54):
during COVID. Our deadline for payback is June. We got
about a billion, a billion still owing. Ten thousand businesses
are already behind in payments to the tune of one
hundred and sixty one million. The default interest is almost
eleven percent. Managing Director of ABC Business Sales, Chris Smallback, Well,
this Chris, very good morning to you we might be
doing very well. Indeed, thank you. No security on the

(16:14):
loans at the time. In other words, if you said
you needed them, you got it. Was that a risk?

Speaker 14 (16:19):
Yeah, it's a huge risk, Mike. You know, in hindsight
that the previous regime could look back. I'm sure they
would wind it back and put a few more bells
and braces in there, because what they're now finding is
people basically took the money thinking it was unlikely the
I'm going to pay it back, and sure enough they
haven't paid it back with little consequences. No security was
taken in the way pg's personal guarantees or any GSA's

(16:43):
every businesses. So it was a real free hit for
the business owner at the time.

Speaker 2 (16:46):
So where where does the responsibility sit? Ultimately? Is the
business owner going to get pinged in some way if
they don't pay it back or not? And if they do,
what does that mean for the business community in general? Now,
are we going to see a whole bunch of small
companies go under I don't.

Speaker 14 (17:00):
Believe so, because there was no security taken, so their
houses aren't at risk, no personal guarantees, so they can't
get personally bankrupted. All the id from what I have seen,
the red can do is put them this to fould
interest rate. You said, it'll keep mounting up and capitalizing,
and certainly in the sole traders position, they may just
walk away and set up a new entity or just

(17:21):
ignore it. But I don't think it's realistic for the
IOD to go around and just administration to speak, for
these one hundred and twenty odd thousand people to chase
it's just nothing to happen. So it's just it was
a balls up. That's can ecost Us hundreds of millions
of dollars unfortunately.

Speaker 2 (17:36):
So we're on the hook for that. It's money that
At what point, I don't know, this is a new wheelhouse.
At what point does a government, because this will be
on the government books as a as a you know
it's coming back, it's our money, will get it. At
what point do they then write that off and go
we'll never see it again.

Speaker 14 (17:50):
Well, they certainly won't do it this regime. It's a
bit like student loans. They never really wipe them off.
They to seep them go for perpetuity and keep saying
it's on the balance sheet. But the realistic situations, I'll
never see the money a fair bit of it anyway.

Speaker 2 (18:03):
Jeez, talk to me while I've got you the market
for sales and business generally, are we bullish? Are we
seeing any light? Are we still turning over?

Speaker 15 (18:11):
Yeah?

Speaker 16 (18:11):
Good?

Speaker 14 (18:11):
Good questions. So we just we just finalized the numbers
to the end of FEB sits. In the eleven months,
we were fifteen percent up on transactions, largely driven by
unskilled ethnic groups coming into New Zealand, Indians, Filipinos, Chinese
buying businesses like service stations, fruits stores, bottle stores. So

(18:31):
up hasn't really been a drop off in business sales,
but that's largely driven by unemployment and unskilled immigration coming
into New Zealand. So we're a little bit characacistical. Well,
good for business, but good for business sales? Is it
good for New Zealand? And at least people do bring
workI fick to the economy. And you know, small businesses
are the lifeblood of New Zealand. So I don't think

(18:54):
it's necessarily a bad thing. There's plenty of put this way,
there's plenty of keys who don't want to buy these
types of businesses, those types of so I think we
need that balanced, all right.

Speaker 2 (19:03):
I broadly like it. But I do worry about when
you say unskilled, how does an unskilled person get into
the country.

Speaker 14 (19:10):
Well, without Delvin and too deep. They seem to have
relations and cousins and news who live here. I think
there's some weeks good on immigration, but it seems to
be the large driver the reasons, the large families who
have sort of multiple touch points in New Zealand.

Speaker 2 (19:27):
So up fifteen percent, All right, Chris, nice to talk
to you. Appreciate it as always, Chris Small ABC business Sales.
I'm sure there's a conversation that we had with Erica
Stanford there somewhere, isn't there. It's nineteen minutes away from
seven Again, He's one hundred percent right. The work ethic
of your average immigrant is a vast improvement on the
work ethic of far too many New Zealanders. Unfortunately. Daniel Herbert,
you remember Daniel Herbert ex Wallaby. He runs Rugby Australia

(19:51):
these days and he's reading yesterday in the Australian Press.
He's the chair of Rugby Australia. And this is good
news for rugby because they need good news. The Super
season so far, average number of points per game is
the highest ever, one of the narrowest narrowest average winning
margins on record, So they're tight my vintage, he says,
all sort of reminisce about yesteryear when this happened and

(20:14):
that happened. It's pretty clear we've never seen footy as
good as this or rugby as good as this. It
is the best of the best. Do you think he's right?
Eighteen to two.

Speaker 1 (20:25):
The Mike Asking Breakfast Full Show podcast on iHeartRadio coward
By News talks a.

Speaker 2 (20:31):
B welling Mike, another slow clap for those who thought
Jacinda was the messiah. Very good, Mike, our builder been
in New Zealand fifteen years, exceptionally good. Took a forty
K loan thinking it was not repayable, had a good
year prior to COVID, then very little for two years.
Also had fifty K to pay, no income to pay it.
Add forty thousand penalties. IID wanted it all back in

(20:54):
three years. He's now shut. The business left the country.
Very sad, Mike. I have one of those loans. During COVID,
the government used our admin in payroll system to pay
staff for no remuneration. After three years of recession, there's
no way we can repay those loans. Sam. See that's
the interesting point, isn't it, when you've buggered the economy
this badly. And this is Adrian Or and Grant Robertson
and Justindra Adern and Chris Hipkins. So the whole idea was, look,

(21:15):
have the money, get the money out the door. How
many times did you hear Grant Robinson say, very important
to get the money out the door. The idea being
we'd bounce back with alacrity. We'd all be doing so
well that we'd be able to pay the loans back.
But of course, given what they did and how they
handled it, we never were going to bounce back. In fact,
we had three recessions. So even at the end of
it all years on, we're still talking about COVID. COVID

(21:37):
arrived in twenty twenty five years on, we're still talking
about COVID and nothing's bounced back. And that's the problem.
So you haven't got the income to pay back the
loan you shouldn't have got in the first place. Oh well,
fourteen away from seven.

Speaker 1 (21:50):
International correspondence with ends and eye insurance. Peace of mind
for New Zealand business.

Speaker 2 (21:55):
This is Frank Captain Field.

Speaker 17 (21:56):
Good morning, Good morning mate, my row.

Speaker 2 (21:58):
Big phone called Trump Puttin. How much anticipation around this
in Europe?

Speaker 18 (22:02):
Oh, enormous anticipation, And I think we can honestly say
a lot of skepticism. Nobody really thinks that it's going
to go well. There are concerns, of course, that you're
on the eve of this phone call between Trump and Putin,
that Europe will again be left.

Speaker 17 (22:18):
Out of it.

Speaker 18 (22:18):
I mean we're hearing, particularly from the EU foreign policy
chiefs saying the question of Europe being invited to the
negotiating table.

Speaker 17 (22:27):
She said just a few hours ago it.

Speaker 18 (22:29):
Is not relevant because the Russians are not going to
come to the negotiating table.

Speaker 17 (22:33):
They said that there.

Speaker 18 (22:34):
Are concerns that these are just sort of ideas and
preconditions that are coming out and that it will never
these talks between Trump and Putent will lead to nothing.
That the US might say, yes, we've got a deal,
but of course it may not come to anything.

Speaker 17 (22:50):
So there's concern about that.

Speaker 18 (22:52):
At the same time, everyone in Europe is watching these
transatlantic alliances that's resolved, just dismantled or hour by hour
if you like.

Speaker 17 (23:02):
And I think The big talking point at.

Speaker 18 (23:05):
The moment still is this idea that there would be
a coalition of the willing prepared to put troops on
the ground and to put in other types of logistics
for some sort of force to go into key points
in Ukraine. If it does so happen, that there would
be some sort of peace deal, some sort of ceasefire.

Speaker 17 (23:25):
Now, of course that's going to come up again.

Speaker 18 (23:27):
On Thursday when we have another meeting of those military chiefs.
We saw one here in Paris just last week. New
Zealand and Australia present at that. But no big idea
even on that mic as to how many troops they'd be,
who'd give what. All we know is it would be
perhaps ten thousand troops, strong weapons, logistics, intelligence, But still

(23:49):
not clear about who would offer what, or what sort
of peace or what sort of ceasfire they would be
looking at being a sort of a backstop for exactly.

Speaker 2 (23:58):
And how reliant are you on the Americans too? The
extent of that phone call goes the way we think
it is imputents and having no troops on the ground
at all, and America goes, well, look, we can do
a deal, but only if there's no troops on the ground.
What does Europe then do do they go oh okay
or what? Well?

Speaker 18 (24:11):
They have come up with enormous amount of money that
they said that they can plow into Ukraine.

Speaker 17 (24:16):
I mean they aren't.

Speaker 18 (24:16):
The EU is negotiating to put in some forty billion euros.
They're saying all the time, and we're hearing this again
from the Canadian Prime Minister and from the Emmanual Macron
today that there needs to be clear commitments from Russia.
There needs to be resolve and they need to all
stand together.

Speaker 17 (24:33):
So essentially what they.

Speaker 18 (24:34):
Are saying is, yes, if America appeals away him Russia
and America on that side, Europe will still stand firm.
And we're seeing countries like Poland talking about this European
nuclear umbrella where France becomes a nuclear safeguard for the
whole of Europe.

Speaker 17 (24:52):
So that's essential. They're going to get it all back
together and on that.

Speaker 18 (24:55):
You know, we're going to get more on that as
a week progress, as Mike, because we've got that big
European summit later on this week, and we've also got
the French President going to Germany on Tuesday for talks
there again about that nuclear guarantee exactly.

Speaker 2 (25:07):
But you mentioned Cardia Mama Ago the new Canadian prime minister.
Is this a flag waving exercise because he's in town
and he didn't go to America And is this all
part of the I'm on the EU sides and the
coalition of the Willing, et cetera.

Speaker 19 (25:19):
Oh?

Speaker 18 (25:19):
Absolutely, As you rightly say, Minke, it used to be
tradition that the Canadian Prime minister upon taking office goes
straight to Washington.

Speaker 17 (25:27):
He didn't this time.

Speaker 18 (25:29):
Relations really are unraveling between the US and Canada. Canada's
economy and sovereignty under threat, just like the EU, the
idea of the US imposing tariff. So he was also
talking about tariffs to Emmanuel manchron that. You know, it's
so many new alliances being formed at the same time

(25:50):
as just watching what is going on in the US.

Speaker 2 (25:52):
Hey, super quick, and I know it hasn't started yet.
But this Kardashian trial, which I was really what the
great deal of interest yesterday because it was can you
I believe that it's ten and this is what I
want to know. It's ten years ago that she got
nabbed at Paris Fashion Week. Do things like this normally
take ten years to get to court.

Speaker 18 (26:08):
Well, this is quite an extraor notine yet. It does
usually take a long time. But did I mention the
COVID word again, mikeh it.

Speaker 17 (26:15):
It got held up by COVID.

Speaker 18 (26:17):
But the police, particularly the Organized Crime Squad, they're really
furious that this is only going to come to trial
at the end of April this year, considering they caught
these guys back in January twenty seventeen. So you know,
we did our work. We got what's known as the
Kadashian twelve. We brought them, and surely you can do
this job a bit faster.

Speaker 2 (26:35):
We shall talk more when it gets underway. Nice to
talk to Katheryne Catherine Field in France. One of them
is called old Omar. He's sixty nine. He's not that old,
sixty nine Old Omar. He suffers from a cute heart condition.
He's hard of hearing what he freely admits he was
the leader of the gang. There's a guy called Unusabas
who's seventy two. He wrote a book which was entitled

(26:56):
I Kidnapped Kim Kardashian. So I'm not sure the trial
is going to go particularly well.

Speaker 8 (26:59):
For him.

Speaker 2 (27:00):
We'll keep you posted. Nine away from seven.

Speaker 1 (27:02):
The Mike Hosking Breakfast with the range Rover, the La
News Togs Dead be.

Speaker 2 (27:06):
Morning, Mike. I go to COVID loan, have paid it back,
but after lockdown, we were promised life would bounce back
to normal. It didn't. Labour ruined the economy, so no
one can afford to eat, let alone pay the loan back.
I burned through three hundred thousand dollars of savings keeping
my business open during COVID, paying staff, et cetera, wearing
liquidations from other companies. It's a mess, five years of
mess exactly. So that's why these stories are so relevant

(27:27):
and so important, because we're still here, we're still paying
for it, and the most dangerous thing we could do
is forget five away from seven, all the ins.

Speaker 1 (27:38):
And the ouse. It's the bizz with business favor. Take
your business productivity to the next level.

Speaker 2 (27:44):
Right the OECD, you've come to the party, and I
use the word party fairly loosely this morning, because they've
issued their latest Global Growth reporter and Trump's basically ruined it.
Canada and Mexico biggest impact forecasters are down more than
halved Canada's growth outlook for the year and next. Before
the tariffs, they were predicting growth of two percent for
both years. That's down to zero point seven percent for

(28:05):
each year. Mexico was thinking they would grow one point
two and one point six. Now they're expected to contract
one point three this year and another zero point six
next year, so they're in trouble. So basically from positive
to negative. US has hit as well. Their growth goes
from two point four to two point one. This is
going to go really well for the midterms, isn't it.

(28:27):
How's he going to explain this to all the apoplectic
Republicans who are back in their states, going, what's happened
to the economy? Donald? Anyway? So that's dropped to two
point two and one point six. China, they don't care.
They've increased their forecast slightly four point eight. Mind, yet
it ain't what it was. For the world generally, growth

(28:47):
is going to slow from three point two to three
point one. It's also previously forecast global inflation at three
point five that's now at three point eight. So this
is against everything Donald said. So what Donald said was
prices go down up. None of this is inflationary. It's
just a little short term thing. It's just a little
short term thing. No one's going to notice. It's not
going to be a problem. As for that idiot Lutnik,

(29:09):
there won't be no recession. There's not going to be
a recession. Never going to be a recession. Wrong. So
the good news here while we wait for the impact
on tariffs in this particular part of the world, is
Daria coming to the party yet again. So we're already.
So what traditionally happens is that you have a really
good year, which we're having. We're in the teens by
way of a payout and the dividends up around the

(29:30):
seventy cent mark, and then you have a sort of
a not so good year. But that's been going on
for twenty five years. Now, we're going to hear this
morning we're going to have a good year, and then
tell you what, let's have another good year. So we'll
give you the numbers for you after the news here
a news talk said.

Speaker 1 (29:44):
People, news, opinion and everything in between. The mic hunting,
Breakfast with a Vita, Retirement, Communities, Life your Way, news
talks head.

Speaker 2 (29:55):
Be seven past seven. So the dairy story continues what
looks like a golden run. We've got new forecast this
morning from dary en Z telling us the twenty five
to twenty six season could be one for the history box. Basically,
for the last quarter century, you get a good year
yet a not so good year. That's how the trend
is gone. Darien Z had of economics Mark stories with
us Mark morning, Good morning, Mike. So what's happening into
the new year. We got supply demand balancing out nicely

(30:18):
and it's all golden rainbows.

Speaker 19 (30:21):
It's looking positive. It's always a bit it's always a
bit risky doing a forecast and looking ahead into the
next season because things so change. But we've had a
good season to one we're currently in in terms of
the payout price, it's looking like the Spine de Marn's
in good balance and we are. We released our forecast

(30:41):
yesterday and we're looking at another payout average payout of
in access for ten dollars, which is always a good
place to be in.

Speaker 2 (30:49):
That's the truth. Average average break even points eight point
fifty ish. Is there too much debt in deary generally?
I mean tens are big number you need and if
you need to eight to fifty every time you're asked
looking for trouble, aren't you.

Speaker 15 (31:03):
Yeah, it is.

Speaker 19 (31:03):
So that's reflecting quite high high farm working expenses and
other debt repayment, interest costs, et cetera, which really sort
of spiked over the last few years. So while it's
a good return, it's a good income, it's undeniable that
the prices are still the expenses still pretty high. The
good news and that is we're sort of seeing some

(31:24):
of that farm price inflation sort of start to ease off,
and our interest for interest costs are coming down. So
farmers have been making repayments on their debt in the
last season or two, and we certainly encourage them to
continue to do so. So there's a good pay there's
a good story in terms of getting their debt levels
down as well, which is which has been a key

(31:45):
issue in the last couple of seasons.

Speaker 2 (31:46):
You've got to hit around tariffs and what happens now.

Speaker 19 (31:50):
That's kind of the sort of the warning signs with
any with any making any sort of predictions about the
future is we just we just don't know. So it's
it's volatile on the number fronts. Dairy like all our
trade sector is kind of hugely exposed to what happens
offshore and things outside of the farmer's control. So yeah,

(32:11):
the tariff discussion is of concern because so many things
could go, could go, could go pear shaped, or there
could be opportunities in there in terms of other people's
strife as well. So it's really hard to say at
the stage.

Speaker 2 (32:25):
About China, isn't it. And I'm looking yet again at
the Chinese wanting to, you know, just seemingly print money
and give it to everybody within China. And I'm assuming
some of that flows through to us because I'm assuming
the desire for dairy from the middle class is still strong.

Speaker 19 (32:38):
Yeah, I'm in China's a big part of the market
and if they're in there buying it's that's what's getting
the good market concisions for us. So we'll watch that
and you know, the trade, the trade issues between the
US and China and Mexico and Canada with interests.

Speaker 2 (32:54):
Okay, good to talk to you, Marke. Appreciate the insight
Mark's story Dairy and New Zealand Head of Economics with
US ten minutes, seven parts. Get I'm also reading some
good reading you be done on blueberries. I love blueberries.
Part of some blueberries the other day. Four thousand tons
in this country from a thousand hectares. They're now looking
to Australia in South Korea. So things look bright in
that particular department. It ain't no dairy, but we'll take
all the good news. We can possibly get a new
player in the local body election game for you. This morning,

(33:16):
actor announcing for the first time they will stand candidates
come October. David Seymour's with us morning, Good morning, Way,
isn't this a big call? Do you need this headache?

Speaker 16 (33:27):
It's not a headache, it's an opportunity. I've been a
member of Parliament for a bit over ten years now
and I can't tell you how many of the issues
people bring to me. If I'm honest with them, I'd say, well,
that comes down to your counselor it's your counsel that's
making that decision. But have their own elected body, it's
really for them. Of course, I usually don't say that

(33:49):
because people want their problem solved by the person in
front of them, but I just feel that if New
Zealand has had people in front of them who they
know what they're getting because they're part of a brand
that the people who are committed to reducing wastes and rates,
helping people get where they want to get on their terms,
not socially engineering them in diciple ways. And believe in

(34:11):
universal human rights where we no longer divide people by
when their ancestors arrive. Those are three things where I
think ACT has a strong brand. I think there might
be people in each community who want to stand under
that banner and we'd get better local government as a result.

Speaker 2 (34:25):
Why can't they do that as an independent? What are
you looking for? An independent or an ACT? Disciple?

Speaker 16 (34:31):
Well, I think it's actually a combination of the two.
Disciple is a strong word, but you basically need to
know what you're getting.

Speaker 14 (34:39):
And often people will say to me, well.

Speaker 16 (34:41):
My council sent me the little book. I look through
the names. I didn't know them, and I wasn't really
sure what I was getting, but I tipped someone anyway.
As a result, we end up with counsels that tend
to disappoint people. I think having a team of people
under a common brand and with a common set of
beliefs on your council could actually restore some of people's

(35:02):
trusts and hope for what their council can do for them,
or in many cases not do, because I would say
they're doing too much.

Speaker 2 (35:08):
Given there's a lot of councils and the fact there's
far too many councils in this country and far too
many council is. Do you worry about the quality in
your presence branding wise that you go a bit thin
on the ground and you might find a few people
going rogue on you.

Speaker 16 (35:22):
Well, that's why I'm calling it an exploratory campaign at
this point. If we get people we think are solid,
respected in their community, who can stand up and do
the business for three years if elected, then we'll go ahead.
There's always a chance that we won't and then we'll say, look,
we looked at it, but maybe people aren't ready for
this yet.

Speaker 2 (35:42):
At least we try, all right, fair enough, Nice to
talk David Seymour, the act lead and more on this
on the CRUs Hipkins Wellington debarkle. If you're not up
on that, I'll explain very shortly thirteen minutes past seven.
It feels like Sultan the win every time the mainstream
media goes to Hipkins for his opinion on everything, considering
the mess that you made of everything he touched. Mike,
my relative small loan. This has taken off this morning.

(36:02):
My relatively small loan. The COVID loan helped keep my
full staff alive. Two years after COVID, my industry did
not bounce back. I am now just a sole trader
with a thirty K loan. I can't pay it, Mike.
Why aren't the mainstream media talking about these COVID loans
and labor of buggering the economy? I don't know. I
don't follow the mainstream media.

Speaker 15 (36:20):
Mike.

Speaker 2 (36:20):
They should double the port's CEOs. Fine, this is the
Gibson case, as he clearly doesn't understand that someone under
him died. Let me come back to that, because I
disagree with you.

Speaker 1 (36:30):
Thirteen past the high asking Breakfast Full Show podcast on
iHeartRadio powered by News Talks.

Speaker 2 (36:38):
Atb News Talks will be Christopher Luxon out of India. Shortly.
It's sixteen past seven. So Simon Watts, who's the new
Energy Minister? As a result of the summery shuffle. Of course,
he was given a briefing on his new portfolio. The
SUS standard practice. That particular document has been released in
the last twenty four hours. In a way, it tells
us nothing we shouldn't have known. We don't have enough power.
Renewables don't cover the gap in the present point in time,

(36:59):
and what's needs to take a long term view of
all of this. Anyway, the energy resources are there right
to see. John Carnegie's well us John Morning, Ye morning.
He's been fairly bullish on his talk towards Gen Taylor's
and the plan selling and spot prices and stuff. Are
you're happy with what's being said? At least?

Speaker 8 (37:16):
No?

Speaker 15 (37:16):
Look, I think everyone wants and deserves an electricity market
that's as competitive as possible, So it's useful to shine
the light every now and again and make sure that
that's exactly what's going on.

Speaker 2 (37:28):
We're in a better place, or so the industry keeps
saying this year than we were last. Is that luck
and rain or something more than that?

Speaker 14 (37:36):
Oh?

Speaker 15 (37:37):
Yeah, No, Look, New Zealand certainly just doesn't have the
natural gas needed to run our electricity system. And actually,
I think you said it in the intro. We just
don't have the affordable alternates to fill the massive energy
gap that we now face. And so we're starting to
see elevated spot market electricity and spot market prices as
a result. And you know, the upshot of is that

(38:00):
relying on the weather isn't a great way to run
an economy, let alone an energy system. And correct, we
can't keep on reaching from winter to winter without taking
some systemic action.

Speaker 2 (38:11):
Well, the systemic action comes from the power companies who
are had on the program, who say be patient, in time,
renewables will fill the gap. Are they wrong?

Speaker 15 (38:22):
Oh, well, they're certainly going to help. I mean, we've
kind of got an amazing problem to have. But what
we do have is an overreliance on weather dependent sources
of power generation that need to be backed by coal
or natural gas. And I think it's abundantly clear for
all to see that without new gas fields or new

(38:43):
permitted areas for expiration gas and no longer fully the
hydro lake levels as they should, and that threatens our
economic resilience and energy security.

Speaker 2 (38:54):
That's what I can't understand. So even if we all
agree that renewables may one day be fantastic, and that's
fine and dandy, right here right now, it's surely it's
irrefutable we don't have enough gas, and it's irrefutable that. No,
we may not like coal, but it's the answer. Do
people argue against that, Oh.

Speaker 15 (39:13):
Yeah, no of course, because we get some who say
that we can have one hundred percent renewable electricity system, but.

Speaker 2 (39:22):
So does but we don't. That's the point. I mean,
we don't.

Speaker 15 (39:25):
It's just not feasible. It's not feasible. Even the Climate
Change Commission argued against a one hundred percent renewable electricity
system because it is unreliable and it is too expensive.
And basically, when the sun doesn't shine, it doesn't rain
and the wind doesn't blow. We need a system that
is resilient enough to fill the gaps, and that can

(39:48):
only come from natural gas. And unfortunately, now.

Speaker 2 (39:52):
Yes Cole right, your voice is being heard at the
highest level so that something more sensible can be done
as a post having power outages.

Speaker 15 (40:03):
Look, you know, Minister Jant, Yes, we're working collaboratively with
Minister Jones and other ministers. You know, they are hard
at work on you know, because of course, as I've
said a number of times on you show the problem
with the New Zealand energy systems that because of the
oil and gas span of twenty eighteen, the sector now
faces massive sovereign risk, which means that investors are wary

(40:26):
of investing, and so Minister Jones and his colleagues are
looking at that and what's needed including actually, I see
just maybe last week there was discussion about the Crown
taking equity stakes, so investing in new permit areas to
actually take back some of the risks and appropriately pushed
onto the sector. And we welcome good, we welcome those suggestions.

Speaker 2 (40:50):
Good having the program as always, John Carnegie, the ee
C A. I'll come back to the next half hour
if I get time. It's seven twenty.

Speaker 1 (41:00):
The Mic Asking Breakfast Full Show podcast on iHeartRadio, how
It by News Talk Sep.

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Oscuido sevent twenty four turns out, despite all that's been
said about Wellington and is now infamous implosion led by
the inexplicably incompetent cencumbent, the Labour Party has had to

(42:10):
extend the nomination process for the local body elections, if
you can believe it, because they can't find anybody who
wants to stand for mayor. So several questions I would
have thought come out of this one. This, by the way,
does not mean an independent or a more conservative leaning
candidate can't be found and won't come forward and potentially
sweep the whole field. But as far as the left
are concerned, can we ask these questions, is the lack

(42:31):
of a candidate from Labor assigned that local body politics
is so doer so distasteful no one in their right
mind can be bothered? Or does it say something about
Labour and its brand? In other words, the stench of
twenty twenty three nationally is still so bad no one
in their right mind wants to have a red banner
saying Labour candidate, because no matter what they argue around
local issues, they will be inextricably linked to Central Labor

(42:52):
at Parliament. Does Chris Hipkins actually already know this? Hence
is offer yesterday to back an independent? Or if you
are an independent, would you want the Hipkins backing at all?
Or could you argue the Green vote is so popular
in the capitol Tory Farner is actually hot stuff and
she is such a potential political force that no one
from the left can overcome that sort of brilliance, Or

(43:16):
can you argue Tory has a fantastic cheek in even
trying it on bystanding given that Wellington has become famous
for its shier shambles and she has been the head
deliverer of that shambles, or is that reputation really only
outside Wellington? And enough people inside Wellington think Wellington is
a rock star city and they can't, for the life
of them work out what the rest of us are

(43:37):
on about. But a simple question from an observer in
another place, grateful that this isn't his day to day reality,
how is it possible you can do what's being done
to the place and there isn't a queue left, right
and seenter lining up to put it right? How can
you watch that and not want to do something about
fixing it? Asking text and story. So the news or

(44:02):
development of this morning is Tony Gibson, who is the
former CEO of the Port of Auckland, and he was
found guilty and has been fired one hundred and thirty
thousand dollars and sixty thousand dollars in costs. The news
this morning is he is appealing it. This is the
death of the worker at the port. My concern about this,
and the person was suggesting on the text that they
double the fine and people died, et cetera. I get
all of that, fully understand it. And this is the
difficulty in talking about cases like this, because you're dealing

(44:24):
with the death and a tragedy, and in talking about it,
that does not take away the tragedic nature of the circumstances,
other than to say, you've got to be very very
careful in law when you're looking to get somebody, because
if you look administratively speaking at the gap between the
person on the floor the factory floor, of the port floor,

(44:45):
whatever the case may be, and the person in the
corner office, there's a lot of people in between. So ultimately,
of course the buck stops at the top. We get
all that, We understand that, and we I think broadly
accept that, but do they get found guilty criminally? And
what happened to all the people in the middle? And
we just is it a bit sledgehammery this particular law
hence the appeal and so there's precedent's being set on

(45:06):
this and this is why we need to be, in
my humble opinion, very very careful. Stand by off to India.
Christopher Luxen is.

Speaker 1 (45:13):
Next Zarni's New Zealand's home for trusted news and views,
the mic Hosking Breakfast with the range Rover Villa designed
to intrigue and news togs.

Speaker 2 (45:24):
There'd be Greg Jolins, expat New Zealander in Britain these days.
A song and a chat. He's into film music and
his own music as it turns out, So a song
in a chat with Blair after eight lean time and
twenty three minutes away from make modi other night. How
the ViBe's going? Did it go well? The Prime Minister
on a trade mission? Of course, of some note, Christopher

(45:44):
Luckson is with us from India.

Speaker 7 (45:46):
Good morning, morning, Mike.

Speaker 2 (45:47):
The meeting with Mody on a scale of one to ten, ten,
it was a love first one. You can't stand each other.
What's your number?

Speaker 7 (45:54):
That's pretty much a ten. We get on very well.

Speaker 20 (45:57):
It's a good personal chemistry and good relationship there. He's
got a good sense of humor and we connected very
well in Laos and that actually is what led to
the state visit and then obviously we've accelerated things from there.
But you know, he approaches things in a similar way
that I think about things around delivery results. How you
get delivery out of a team in your public service.
So no, we connect really well, really well.

Speaker 2 (46:17):
How much time was spent on the FTA specifically.

Speaker 20 (46:21):
Well, there's been a lot of time leading up until
the announcement that I know Todd talked to you the
other day about. But from our point of view, inside
the actual meetings that we had, it was, you know,
we talked about it.

Speaker 7 (46:31):
We know what we want to do.

Speaker 20 (46:32):
We both said to our trade ministers we wanted to
move as quickly as possible, and we said that in
front of our respective delegations, just to make sure that
the systems understood that we're expecting a response to be worked.

Speaker 7 (46:43):
Through pretty quickly.

Speaker 20 (46:44):
So but you know, there was also conversations around the
broader you know, defense, we've got we've got a big
step up happening in defense and security.

Speaker 7 (46:51):
We should be doing more work with India.

Speaker 20 (46:53):
We're actually leading a maritime force at the moment with
India as our deputy and we've obviously got Ta Kaha
coming into Mumbail on the week as well. So you know,
we talked about the defense aspects, we talked about certainly
you know, the commerce and economic aspects, but also there's
a lot of people to people connection stuff, which is
really important. They're very interested in. One of the things
we talked a lot about was actually sports. I mean,

(47:13):
they want to make a pitch for the Olympics in
twenty thirty six. They noticed that we performed really well
through the Olympics on a per head basis, and they're
interested in all of those sorts of things so as well.
So there's quite a lot in the people to people space.

Speaker 2 (47:26):
How much actual business will be done this week from
the delegation.

Speaker 20 (47:31):
Well, that's quite a bit going on. We've actually we've
just completed one day out of four. We've got another
day here in New Delhi and then we do move
to a much more business orientation in the last two
days in Mumbai, which is obviously the commercial capital of India.
But you know, I think the getting that you know,
really economic breakthrough, I think and being able to kick
off the FTA negotiations is really important. I mean this

(47:54):
morning as I check in with the delegations each morning
and get them to do a round table, and I
was just talking to you know, Pan Pacific, and they
were talking about their wood products that are sold into India. Well,
they experience a five to ten percent tariff typically that
they don't experience out of Australia.

Speaker 7 (48:09):
Wine. You know, there's a whole bunch.

Speaker 20 (48:11):
Of products, you know, apples that actually have huge tariffs
attached with them and the Australians don't have it.

Speaker 7 (48:16):
So you know, we know we've got work to do.

Speaker 20 (48:18):
There'll be some sensitive issues on both sides, but you know,
I'm very comfortable with the relationship we're built that we
can work them through quite practically.

Speaker 2 (48:25):
Where where does dairy sit or where will it sit?
Or how do you handle it? Well?

Speaker 7 (48:31):
What we what we don't do is say we're going.

Speaker 20 (48:33):
To walk away, because that will be a hard conversation
and I get that there's sensitivity on the Indian side.
To give you a feel for it, Mike, about forty
five percent of Indians are engaged in agriculture and about
it's about fifteen percent of their actual GDP, so it's
a it's a very sensitive political issue.

Speaker 17 (48:51):
Now.

Speaker 20 (48:51):
Having said that, we want to make sure that we
do everything we can to advance dairy with India. We're
not going to give up and have a mentality to
say we can't even try, and that's been part of
the conversation leading into the kickoff of these They haven't
ruled that out.

Speaker 7 (49:04):
We haven't ruled it out, and we know.

Speaker 20 (49:06):
That'll be difficult, but you know, we're determined to try
and find a way through it and do the very
very best we can from New Zealand.

Speaker 2 (49:12):
Is it possible it's a slow burn, so you could
do some sort of deal with dairy coming in later.
Is that the sort of scenario you look at.

Speaker 20 (49:20):
Well, there's all sorts of options, but for us right now,
I do actually want to push on and do the
very very best that we can do, and I want
to make sure that we get the best deal compared
to any other country around dairy and we.

Speaker 7 (49:32):
Protect ourselves in that negotiation.

Speaker 20 (49:34):
So I'm sure there's lots of ways we can play that,
and there'll be some other asks from the Indian side
I suspect as well, and other things that will come
up from our side. But you know, the key thing
is I want to push on now and get this
thing resolved and done.

Speaker 7 (49:45):
What's the timeline on it, Well, I mean promise to Moodion.

Speaker 20 (49:50):
I didn't put a timeframe on it, but suffice to say,
we made it very clear that we're expecting to make
good progress on it through the course of this year.
And yeah, I think actually frankly, given some of the
work and conversations that have already happened, and given the.

Speaker 7 (50:03):
Relationships that we've got at the top, top level.

Speaker 20 (50:05):
There's no reason why we shouldn't have an expectation we
should be able to try and push really hard to
try and do as much of it as we can
this year. But you know, you never can put a
timeline on it. We will negotiate hard, they will negotiate hard.
I've done a lot of business in India here and
my past life, and I can tell you they are
the most some pretty brutal negotiations. But it's really important
that we do the very best we can. We secure

(50:27):
the best outcome we can. So it will take as
long as it takes. But you know, to be honest,
today and our bilaterals, we were making it pretty clear
to our teams on all sides that we wanted to
get on with it. And that's really helpful in a big,
large Indian system that's got to negotiate agreements with the US. Now,
you know, we want to make sure the system knows
that actually this is a priority for both prime ministers
and let's get onto it.

Speaker 2 (50:47):
Having said that, issul Vandeline you said they have it done.
She thought by the end of the year, shouldn't we
be aiming for that in that sense and states that
and being a bit bold about it.

Speaker 20 (50:57):
Yes, that's my expectation privately, and I think that would
be promise to motives and we might even try and
push even harder. But you know, we will push as
hard as we can to say, stay focused. We know
you know what the lay of the land looks like,
given the work that we've put into before we even
committed to launching these negotiations, so you know, we know where.

Speaker 7 (51:16):
The issues will be difficult.

Speaker 20 (51:17):
But actually it's about a mentality, Frankly, Mike, which is
that you know, this is a country, you know, Zely
needs to grow and then you get money into people's
back pockets and when you actually have you know, we
think in the six year period under previous minstratum we
declined like seventeen percent with two way trade with India.
You know it's two or three it's three billion dollars. Now,
it's hardly anything in the scheme of the country, the
size that it is, with the wealth that it has.

(51:38):
It's our twelfth biggest partner, it's one point five percent
of our exports and deserves to be much bigger than that.
And we have to try and so but I can.

Speaker 7 (51:46):
Tell you, like we've got a great delegation.

Speaker 20 (51:48):
With us, and even tonight we've had a fantastic function
with them, just hearing some of the excitement that they've got,
and whether it's in the services, whether it's in the
sports world, where it's in the education world, even the
primary industry is you know, we've got a lot of
value added products and services that are unavailable here in
this market. So I think there's lots of ways to
skin this cat.

Speaker 2 (52:07):
Explain and you would be an expert in this area
from a previous life. Explain to me. Given the immigration flow,
particularly from India to New Zealand, why is it that
air New Zealand doesn't go direct? Why can't I go
from Auckland to Delhi, Orgland, tom By, Auckland anywhere in India.

Speaker 20 (52:21):
Yeah, well, I'm pushing all the airlines really hard because
I actually think you're right. I think we're are at
a point where actually I haven't seen recent analysis. I
looked at it maybe ten years ago, and I think,
you know, the growth in the numbers of international tourists,
international students membering every student brings in three or four
other visitors in a given year there's a really good

(52:42):
case to say there must be demands starting to build
from at least New Delhi or Mumbai into Auckland directly.
So I know area lines on both sides are actually
very keen to try and see where they can work
together to make that happen. But the major issue, to
be honest, Mike, is actually demand. And you've got to
make sure that you know, when you've got capital deployed
with two big aircraft doing a daily service, you've got
to cover costs. It's expensive, but equally you've got to

(53:05):
have confidence to go grow this market. And this is
a market where the middle classes are just growing at
such a rate. I mean, Mody said to me tonight
over dinner, he said, they need two thousand more aircraft.
They started with seventy airports, they have one hundred and
fifty and they're heading to two hundred and fifty in
the next three or four years.

Speaker 7 (53:22):
So you know, as people are, but you know.

Speaker 20 (53:23):
Two hundred and fifty million people have been lifted out
of poverty and as they go into the middle class,
you know they're saving money for retirement, they want to
go traveling, they want to make sure they invest in
their kids' education, and so you know, we've got to
get our share of that money. And that's why I think,
you know, the time is right to revisit air routes
and direct services as well.

Speaker 2 (53:40):
While I've got you and we had Peter's on the
program yesterday, what's your expectation of the Peter's Ruby are
meeting tomorrow.

Speaker 20 (53:46):
Well, it's just really making sure that we've got good
connectivity into the administration. I think, as I'd said to
you before, you know, President Trump and I've had a
good connection Severrety Rubio and Peters have actually I already
had a conversation and person. Now it's about putting that
relationship together. And obviously Judith Collins has had a good
relationship with Peter Higseth in a good.

Speaker 7 (54:08):
Call as well.

Speaker 20 (54:08):
So really we've set up as said system last year,
if you remember where we said, we want the Secretary
of State and the Foreign Minister have a formal meeting
at least once a year, and it just means that
we cannot go into a period of time like we
previously experienced where there wasn't a lot of deep connectivity
at the top to top level. And so really it's
a good chance for those two to build a good relationship,

(54:28):
talk about some issues in the region and obviously around
the world.

Speaker 2 (54:31):
All right, go well for the rest of the week.
Appreciate a Prime Minister. Christopher Luxon out of India this
morning fourteen to.

Speaker 1 (54:36):
Eight cool The Vike Asking Breakfast Full Show podcast on
iHeartRadio powered by the News talks.

Speaker 2 (54:43):
At be great interview with lux and Mike Hu's honor's game.
We're lucky to have a prime minister's driving New Zealand
on the global stage with an agenda of growth. Next text,
What a load of rubbish all that was? So you
can't please everybody all the time? Can you? Mike Luxon
just instills confidence in what he's saying and doing. Good
on Luxe and via durn Peters Vima who to no comparison?

Speaker 8 (55:03):
Mike.

Speaker 2 (55:03):
Can you imagine a dern being across all those topics
he covered with the Prime minister? I don't think so,
Thank you, Chris, Mike, good interview. Imagine that if you
put all those questions to adourn or Hipkins, how do
you think that interview would have gone? Christopher Luxon sounding
like a very confident prime minister. This is where he
excels so much more confidence in his voice this morning
compared with his usual Tuesday Luxean's best in India. This

(55:24):
is the stuff he really gets. Yeah, I think it's
a happy place to be honest with you. Back to
John Carnegie, who was on the program earlier on this morning.
He's part of the EECA, the Energy Efficiency and Conservation Authority.
Now he's there at the request of Missus Simeon Brown,
who's the new minister. There was some angst last week,

(55:44):
driven largely by Radio New Zealand who seemed to fascinate
with themselves with this ongoing thing the media does whereby
officials give advice to the government and if the officials
advice is not followed by the government somehow, that's a story,
if not a scandal, assuming of course, that officials one
know what they're doing, competent, have institutional knowledge, offer advice

(56:07):
that you would even want to follow, or dare I
suggest that the politician doesn't have a mind of their
own and have an agenda and a plan that they
were voted in to enact. So he apparently Carnegie was
rejected by the officials managing the recruitment process. In fact,
he was rejected twice, first after the initial screening, second

(56:28):
time after Brand instructed them to interview him anyway, so
they rejected him twice. Now, under normal circumstances, I wouldn't
bother with this, but having read the Deloitte's report into
health in New Zealand, and having read the Roch Report
into the public service in general, I am increasingly concerned
about one the quality of the public service and to
their political that they're alleged political neutrality. Is it not

(56:52):
possible that they looked at this guy because they have
a certain agenda And Carnegie's what you would very loosely
call you know, well, he's pro power, actually likes to
have the lights on, so he's a regular New Zealander,
but he's not an idealist or an ideologue in the
area of renewables. Is it possible that the officials managing

(57:13):
the recruitment process don't like people like him and we're
never going to put him through. If it wasn't for
Simon Brown, he'd never be anywhere to see They were
asked about it in Parliament last week and Simmingon Brown
quite rightly said, we don't want everybody with the same
view and it's not bad to have somebody with a
different view, and what's possibly wrong with that? And if
there's nothing wrong with that, which there isn't, why then
is a minister rejecting a bit of official advice even

(57:34):
a story a ate away from hate?

Speaker 1 (57:37):
The Mic Hosking Breakfast with Bailey's Real Estate News Dogs
Dead be.

Speaker 2 (57:42):
Bye away from hate. So there's a report out yesterday
from the Retirement Commission. Can I ask you this question,
is key We saber or bust? I'm not in key
que save, It never been in Keyy Saber, but a
lot of people are. But for what end or to
what end? And the reason I ask this is because
the average and I think this is widely and the
average amount in KEW savers thirty seven thousand dollars, which

(58:03):
isn't enough to retire on. The whole point of keV
saver is you have enough to retire on. I can
assure you thirty seven thousand dollars isn't enough to retire on.
But they broke it down yesterday and showed us what
sort of percentage depending on what age group you are. So,
for example, thirty six to forty year olds, the average
is thirty grand. So you're still young, you're still working,
you've still got plenty of times, so not the end

(58:23):
of the world. Fifty six to sixty sixty five grand.
So in the ensuing twenty years, it hasn't really gone
up much, and it certainly hasn't gone up to a
point where you're going, oh, well, I'll be set, has it.
In fact, there is no number here in any of
the age brackets that indicates you would have enough money
to comfortably retire in any way, shape or form. So
my point is this, are we just a very poor

(58:44):
country who has no money no matter what we're saving,
and we're never going to get ahead, or do we
have our money elsewhere and houses and things like that,
and we don't really take qu saver seriously and we've
never really put it aside, or the whole thing's way
waste of time. The biggest numbers one hundred and seventy
four thousand dollars, So that's a decent amount of money.
Who's got that? People who are eighty six and over,

(59:07):
which you could probably argue you don't need it for
that much long?

Speaker 12 (59:11):
Is it just because Kimi Sava hasn't really been going
that long?

Speaker 2 (59:14):
What twenty years how long you wanted to go for
So you think in fifty years and one hundred years
it'll be it'll solve itself. I would argue, I would
start to and I'm not on a libertarian and I'm
not into compulsion in any way, shape or form. But
I look at the size of our program, and I
look at the size, for example, of the Australians, and
I know which one actually I would rather be in.
And Singapore did basically the same thing. So ponder that

(59:38):
where you and we'll have some music and some chat
in a moment with Blair Jolins after the.

Speaker 1 (59:42):
News, setting me a gender and talking the big issues,
the Mike Honking breakfast with Bailey's real estate altogether better
across residential, commercial and rural news talks head be he.

Speaker 2 (59:58):
We have been, so you've been?

Speaker 4 (01:00:04):
Is anything wrong?

Speaker 2 (01:00:06):
It is seven past eight? Another respect playing the musical
play for you. Blared Jollins as a musician sound designer
as well. Among other things, he composes and designs the
soundtracks for programs like pol Dark, Shackleton, Midas Man, and
Alien b Predator. He's also performed and released music under
the name El Hula. His fourth album, Little comment has
just been released in his own name and Bled Jollins

(01:00:26):
as well. It's very good morning, po Mike. Thanks for
having me. Now, the el Hula, how do we explain
that what's going on there? El Hula was actually a
name of what was my sort of alter ego, so
to speak, a little while ago, when I was on
Boy George's label and and it was a project, and
just recently I revamped it and we did an EP

(01:00:48):
which you were just playing there. Yes, And actually el
Hula I was a big well I'm a big fan
of Elvis, but at the time I thought, well, when
I've got my records on the shelves, I want to
be near Alvis. So el Huda was a close and
it worked. Actually, that's quite clever. You left how long ago?
I left in ninety five. I went to the States

(01:01:09):
for a little while, like busking, and stayed in New
Orleans and went around the perimeter twenty six states. I
loved it, and then I run out of money, got
to the UK and I thought I'll stay here for
a year or two, and here we are. And that's
the way it goes. The story whereby the sound what
do you call it? In the movies. What do you
call it? Sound engineering? Sound design? Sound design? So that

(01:01:33):
story whereby you want to pass the theater. So you're
working in a cafe just off Sable Row and you
wander past the theater with the sign for the job
and you just walk in. Yeah, and you get the job.

Speaker 7 (01:01:47):
Oh, you've done your homework.

Speaker 2 (01:01:49):
You're dealing with a pro here maintain.

Speaker 7 (01:01:51):
Well, yeah, that's very good.

Speaker 2 (01:01:54):
Is that real? That is real? And it's really happens.
I mean, it's so hard to get in that business,
and people runners for years and they go to you know,
go to film school and college to try and get
into it. But literally I was I think I was.
I was working for I was a coffee barrister and
and I thought, you know, I really need to get

(01:02:15):
something that pays a little bit more to help my
music alone. And and I did have experience. I'd worked
at Stebbings here in Auckland as a mastering engineer, so
I did kind of know how to operate a little
bit of a cat. So I actually walked in and
gave them my CV and a week later they said
will you come in because we had three people just

(01:02:38):
they've been headhunted and they've gone to another studio and
then and then like can you Yeah?

Speaker 19 (01:02:43):
God.

Speaker 2 (01:02:43):
The reason I just that question is is that seems
to be a time and place type story of something
that cannot be creating nowadays, and if you landed in
London tomorrow, it would never happen. I don't want to
discourage people try it, but yeah, I think it was
pretty pretty I'm very lucky in the right place at
the right time for sure. Yeah. Creatively speaking, what's the

(01:03:05):
difference between sound design and a movie and the music
you want to make? Are you doing it too for
you know, description prescription? I would say there's these days
is a real fine line between music and sound design,
Like if I, for an example, the late Johann Johanssen,

(01:03:26):
for say, his movie Secario's. I find it very hard
to establish what is music and what is sound design.
It's very tonal, it's not as harmonic, less melodic, but
generally speaking, sound design is more organic and we capture
sounds and manipulate them, but not so as to really

(01:03:50):
compete with score, right, so they have to be slightly
different so as not to be out of tune with
each other. Is it a give or you learn it
I think both. You know, I personally felt I had
an affinity with it. Being a musician, there's definitely a
lot of timing involved with sound design, knowing when to

(01:04:12):
place sounds like when do you place the rooster crow
in a cutaway? You know, how long do you wait?
And when's that? When's that blast of thunder? And the
distance just to sort of help and emotion. Is that
one of those things? And the reason I'm building up
to this. Do you watch White Lotus? Do you know
White Lotus the television printer?

Speaker 8 (01:04:30):
I've heard of it?

Speaker 2 (01:04:31):
Okay, right, so it doesn't matter. So the third series
is just out now. People are reacting to the music,
the sound design. They don't like season three. It's gone
because it's set in different place. First season Hawaii, then
Italy and now it's set in Thailand. It's different, it's
got a tie vibe to it. But people are reacting
to it. Is it supposed to be just so subtle

(01:04:53):
that you don't even realize it's there?

Speaker 7 (01:04:56):
Yes?

Speaker 2 (01:04:56):
Or can you then go wait a minute, here I
am and suddenly that's when people reacting that you haven't
done think it should be? It should be like Ringo
star on the drum kit. You don't notice it, but
it's there and it's solid and it's doing its job.

Speaker 8 (01:05:11):
You know.

Speaker 2 (01:05:11):
A very good example of great sound design is the
lightsaber from Star Wars. You know, we noticed that. It's
just really cool, right, Yeah, but you just accept it.
It is what I'm saying with White Lotus that the
news people are starting it jars. It just distracts from
you the night saber thing, isn't it because it is?

(01:05:33):
It is cool? But is it cool because it is cool,
or we've just in retrospect decided it's cool because it
could have been different. I think it really is actually
really really cool. It's a cool sound that someone's made
from like smacking a cable and then manipulating that and
putting it through lots of guitar pitals or something. It's
so true. Now, what are you going to play for

(01:05:54):
us after the break? I'm going to play a song
called Wading in the Water, which is off my new album.
I listened to that yesterday. Yeah, it's a good song.
Are you going to change it up for the live
acoustic gar I'll cut it down a bit. You know,
I wanted to play Waiting in the Water because you
know it's a song that embraces, encourage us to embrace

(01:06:18):
not only the light and the joy, but the darkness
and loss and grief, and lately, for me the last year,
I've experienced quite a bit of that. I lost my
mum last month, and you know it's painful. And I
know that a lot of listeners will be you know,
have gone through it or going through it, So you
know this one's for all of us. Okay, take a
brief break, Get your guitar. Is that get you Harmonica?

(01:06:39):
Get thee and we're more in a moment. It is
thirteen minutes past eight.

Speaker 1 (01:06:42):
Blair Jolins the Mic Asking Breakfast Full Show podcast on iHeartRadio,
part by News Talk.

Speaker 2 (01:06:49):
Zippy Use talks me sixteen past eight. The guest is
Bleared Jolins. The album's little comments. The song is wading
in the water.

Speaker 4 (01:07:00):
Mh, We're gone, little Souldier, were saved.

Speaker 6 (01:07:17):
I free.

Speaker 8 (01:07:20):
Well.

Speaker 4 (01:07:20):
I would long just to hold you for all the
waves and the sea.

Speaker 21 (01:07:29):
Still I look through the bottle. The light is broken
in the sand. Still I look through tomorrow burn that
message in my.

Speaker 8 (01:07:50):
And I'm.

Speaker 22 (01:07:55):
In the water, but I can't find you. And I'll
stand a let a longer so I can't hold you.

Speaker 4 (01:08:10):
And way.

Speaker 22 (01:08:13):
And out in the water where I can't find you,
and I way around, let a longer so I can't older,
and I won't hold you, And all the deeds on

(01:08:38):
account and lost in a rage to the flood, throw
the gold in the mountain.

Speaker 13 (01:08:50):
And.

Speaker 4 (01:08:52):
Well I would trade for blood.

Speaker 7 (01:08:56):
Still I look through the bar.

Speaker 21 (01:09:03):
Their light is broken in the same Still I look
through tomorrow, burn the.

Speaker 4 (01:09:13):
Message in my and I'm waiting.

Speaker 22 (01:09:20):
And in the water, but I can't find you, and
no way around a little longer, so I can't hold you.

Speaker 2 (01:10:22):
Brilliant, Well done, le Jarlon's good to see you have
a good dumb star in the country. Thanks so much.
Come and look us up next time you backquine you
little comments as the album that was Wading in the
Water eight twenty.

Speaker 1 (01:10:35):
The Mic Hosking Breakfast with Vida, Retirement Communities News, togs
Head b Now.

Speaker 2 (01:10:40):
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Of course, there are a few local use cases to
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(01:11:03):
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(01:11:26):
So if you want to find out more about it,
starlink for business here as where you go two degrees
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go wrong two degrees dot end z forward slash business.
Asking Jeep as Mike car back to the KeyWe Saber conversation, Mike,
what is your alternative to KEYI Saber? I've averaged close
to twenty percent return on my money with my KEYW Saber.

(01:11:47):
I'm sitting on about two d and sixty thousand dollars.
You write yourself with the numbers, your precious National Party
have not made an abysmal decision to drop the superannuation
scheme in the seventies. Ah, very good point. So the
problem with governments, and this is no different key we Saber,
is that really should be sort of reliant on yourself
and solved your own problem. But you're two sixty. My
point in telling these numbers, or giving these numbers to

(01:12:08):
you from the Retirement Commission is virtually no one's got
two hundred and sixty thousand dollars. You're an outlier. Your
twenty percent is unusual. Your contribution is you know, one
on one hundred. Most people in age brackets have ten
twenty thirty thousand dollars the average amount of thirty thousand dollars.
If the idea was to save for retirement. My argument
is from the numbers, it isn't working.

Speaker 5 (01:12:30):
Now.

Speaker 2 (01:12:30):
You're right. And of course this very current QI Saber scheme,
which came into two thousand and seven, by the way,
it is twenty years older they'reabout, has been marched with
by various governments as regards government contributions and whether we
should be you know, they're looking currently at putting more
and and so on and so forth. My argument has
always been, if you want to sort your retirement out,
the last person you want to be relying on is

(01:12:51):
the government. At the end of the day, Mike, A
lot of people love like White Lotus series three. Music
is great. Casting is excellent, a slow build with tension. Chao, Justine,
you're right, but people don't like the music. That's become
quite a thing internationally with people reacting to the music.
Casting is excellent. You're one hundred percent. And Sam Rockwell
turned up in episode four, and that's got everyone. Everyone's

(01:13:13):
gone off about Rockwell. Season three White Lotus. Mike has
done a Yellowstone, got tired being dragged out, and nothing
is happening each episode currently, Ellen, you're wrong. You haven't
watched episode four. Watch episode four, which dropped yesterday or
the day before or whenever it was the even time magazine.

Speaker 12 (01:13:33):
Has episode five.

Speaker 2 (01:13:34):
Yesterday was episode five. My apologies, so episode two.

Speaker 12 (01:13:37):
You watch episode five already.

Speaker 2 (01:13:38):
I've seen episode five already. It's one with Sam Rockwell.
It will become known as the rock Will episode Mark
my words turns out, and this.

Speaker 12 (01:13:46):
Is did he get his winger out like the guy
I did the week before?

Speaker 2 (01:13:48):
There was a wanger, but not his and my wife,
who was sitting next to me on the sofa, funnily enough, said,
who's the guy who writes it, Sam White, whatever his
name is, because she likes a wanger, he likes a winger. Well,
I don't think she used that worklin, but I'm just jam,
you know, using the vernacular anyway, So there was one. Yes,
it was a Russian one anyway, rock will the the monologue,

(01:14:13):
the Rockwell monologue on episode.

Speaker 12 (01:14:17):
Five, Well, I'd better have made all the other episodes
worth it.

Speaker 2 (01:14:20):
Because they have just been laid down. Laid down, Missa.
It's like hated. Every five saves five you go, oh.

Speaker 12 (01:14:31):
My god, all right, I'll give it one last.

Speaker 2 (01:14:33):
Sam Rockwell and Goggan's sitting there next.

Speaker 12 (01:14:37):
I love a bit of Goggins.

Speaker 2 (01:14:38):
Goggans, is it it is not?

Speaker 1 (01:14:42):
Go next? Let the Breakfast show, Kiwi's Trust to Stay
in the Know, the mic Husking Breakfast with a Vita, Retirement, Communities,
Life Your Way News, togsa'd be Mike.

Speaker 2 (01:14:56):
I'm currently on just over two hundred thousand and the
Kiwi Saber and fifty seven joined in late two two
thousand and seven, so you've been in pretty much since
day one. It's dropped by eight thousand in the last
two weeks. By the time I retire, I'll have around
three fifty to four hundred, enough to supplement my super
for a great number of years, so I can put
my rate power insurance SMA blah blah blah blah, et cetera.
So yeah, if you end up with three fifty four
hundred thousand dollars. The boss was justin here bending our

(01:15:19):
ear about this, so he makes a not unreasonable point.
Free money is one point which was part of the
whole scenario from the start. Second point, and where he
goes wrong is where everyone goes wrong with things. Like
he we say, but the moment you involved the government
in anything, they're going to mess with you. And this
is simply no different. The other point he made and
Glenn made it also, is that it is young. At

(01:15:39):
twenty years, you probably give it a bit more life.
But at thirty seven thousand, all the texts coming and going,
I've got two hundred thousand, I've got six hundred thousand,
I've got two hundred and seventy thousand. All of that's fine.
But what was released yesterday from the Retirement Commission is
not individual scenarios, but the collective, and the collective is
only thirty something thousand dollars, and it's not that maybe

(01:16:02):
in twenty years it will be maybe it'll be different,
But I'd still argue that if you look at somewhere
wealthy like Singapore or indeed Australia, the size of the
superannuation scheme is yes, you put a lot in, but
yes it's matched. And at the end of it, though,
you set for life basically, so there's nothing wrong with that.
Now Rod's disappeared off the face of the earth for

(01:16:23):
some reason, which is disappointing because a couple of things
I want to cover off with them, and I'll come
back to them in a moment. But just before I
forget Rockwell last Night on when I say last night streaming,
there is no last Night in streaming?

Speaker 14 (01:16:33):
Is there?

Speaker 2 (01:16:34):
White Lotus Episode five? So Rockwell turns out. Surprise factor
was Rockwell is married to one of the stars of
the show, which I didn't know, not that that really matters,
but I did want to alert you to the fact
Walton Goggins, who is in the scene with Rockwell, can
be found and I would thoroughly recommend it. If you're

(01:16:54):
into architecture, which I happen to be. Architectural Digest do
this thing whereby they do vlogs of people's houses. Sometimes
it's a famous person's house, and if it's not a
famous person's house, it's a really cool house. And they're
worth wandering around and just getting ideas and having a
look at how some people live and where they are
in the world and things like that. Walton Goggins has

(01:17:16):
got the most beautiful house in the Hudson Valley, which
is a couple of hours north of New York. He's
got one hundred acres. The house is modeled on an
early It was built in the early nineteen hundreds nineteen twenty.
It is modeled on a Scottish hunting lodge, so it's
got that and he's remodeled the whole thing. And he
goes through all the people that help them, and the

(01:17:37):
lighting and the and the design and the furniture, and
what he's got is just something to die for. But
do watch so two things for you today. One Architectural
Digest in Goggin's house to the monologue in episode five
between Goggins. It's not really Goggins. Goggins just stares at him.

(01:17:57):
That's half the brilliance of it. And Rockwell, who delivers
one of the great monologues of all time. It's gone viral,
it's gone off, and everybody seemingly is either in shock
and or loves it. Twenty minutes away from.

Speaker 1 (01:18:11):
NME the Mic Asking Breakfast Full Show podcast on iHeartRadio,
Howard By News talks.

Speaker 2 (01:18:20):
At be Mike. I've been working on retirement budgets. The
biggest killers of health insurance, home and contents, insurance rates,
and electricity inflation and the cost of living inflation. And
that's even the case when you've got zero mortgage and debts.
New Zealand super doesn't keep up with disaster. That's one
hundred percent correct. Hence you should be financially stable by
the time you do go to retire. By the way,
what I wanted to cover off with Rod is forty

(01:18:42):
two thousand people. This is the boat people problem. So
numbers out yesterday. There are forty two thousand people waiting
for an appeal. So the Home office rejects. So you
lob up and you go hello, I'd like to apply
for asylum please, and they go, well, don't be stupid,
forget it, and you go right, I've got a lawyer.
I'm going to appeal. So there are forty two thousand

(01:19:03):
of those, it's a fivefold increase in two years, and
forty thousand of them are still in hotels. So you're
simply been shuffled from one government department to another. And
I've got no idea how they how they get around that.
The other thing was there seems to be a massive
debate on at the moment. The government wanted to sort

(01:19:24):
of ban smartphones and schools, but they couldn't get the
support for it, so they sort of issued a sort
of a need dick saying, hey, listen, can you do
something schools about smartphones? They're not very good and if
you wouldn't mind doing that, we'd really appreciate that. And
they were trying to water it down. But then the
conservatives have come out and say they want to ban it.
So I assume between the two parties, Old Dole enact

(01:19:44):
some sort of ban, or at least you hope they would.
Meantime in Washington at the Kennedy Center, JD. Vants, who
seems to have a lot of time on his hands.
Because it was last week and you'll remember that it
was post the Zelensky meeting. JD and his family jetted
off to Vermont to go skiing, you remember that. And
so he was skiing for the weekend and they had
all the protesters there, and I thought, oh, yeah, fair enough.

(01:20:06):
I wouldn't have thought, having been on the job only
a couple of months, you've got time to go skiing,
But clearly he does. Then this last weekend he went
to the Kennedy Center for a show, and you got
booed because a lot of people, a lot of artsy people,
don't like JD. Vant anyway, speaking of the Kennedy Center,
Trump's all over this like a rash, and so he
wants shows. Trump loves shows. Come here and see a show.

(01:20:32):
I was never a big fan of it.

Speaker 4 (01:20:33):
I never liked to Hamilton very.

Speaker 14 (01:20:35):
Much, and I never liked him.

Speaker 3 (01:20:38):
But we are going to have some really good shows.
I always say this, Come here and watch it, and
you'll see over a period of time it'll improve very
greatly physically, and we're going to get some very good shows.
The thing that does well are Broadway hits, and we
have some beauty. I guess we have le Miz coming
and we have some others, but the Broadway hits have

(01:21:00):
done very well, so I'm going to spend some time.

Speaker 6 (01:21:03):
We have a good board.

Speaker 3 (01:21:05):
In the meantime, we're running the country and we're running
it well. We have tremendous things to report tomorrow. Speaking
with President Bouton of Russia to save some soldiers who
are in deep trouble.

Speaker 8 (01:21:17):
They're captured.

Speaker 3 (01:21:18):
Essentially, they're surrounded by Russian soldiers. So I give it
to you a lot of different I give you a
lot of different things in one news conference, but it's
a big deal. They're surrounded by Russian soldiers, and I
believe it was. If it wasn't for me, they would
be they wouldn't be here any longer.

Speaker 8 (01:21:37):
I was able to get them.

Speaker 2 (01:21:38):
And if they weren't here any longer, they presume it.

Speaker 15 (01:21:41):
You want to be pasking.

Speaker 2 (01:21:42):
Couldn't see any shows because I assume you can't see
any shows if you did, so he's bringing shows.

Speaker 12 (01:21:48):
He's got a point. If everybody just went to a
show instead of going to.

Speaker 2 (01:21:51):
A show instead of the war, we wouldn't be in
the miss work. I mean, there are very few presidents
who can handle that sort of that sort of delicate
dance between Hamilton and the war BMW. By the way,
thirty seven percent drop an annual net profit. Why am
I telling you this, Well, because I've got a car theme,
So thirty seven percent drop an annual net profit. Ferrari
announced overnight forty percent of the new bars are now

(01:22:12):
under forty. See those are people who got into Kisaber early,
aren't they. You're into keiv Saber early. Next thing you know,
you're thirty.

Speaker 4 (01:22:18):
Nine years old.

Speaker 2 (01:22:19):
You're buying yourself a Ferrari.

Speaker 12 (01:22:21):
Are you allowed to cash in your kii'sab for a Ferrari?

Speaker 2 (01:22:24):
You call it a house, So that's the first time,
so if you're living it exactly. And then we come
to my favorite cart story of the last twenty four hours,
elon Musk. Unfortunately, the cyber truck has not gone well
from what I didn't realize about the cyber truck. They've
done a recall, another recall. No one recalls like Tesla,
but they've done a recall on the cyber truck because unfortunately,

(01:22:46):
what I didn't realize about the cyber truck is, you
know how the panels they sort of like their joined
together and they're not part of the car. That's actually
the case. The panels are not part of the car,
the frame itself. Normally in a car, what happens is
that the bits get welded and joined to the front.

Speaker 12 (01:23:03):
So this is in this case, it's more of a shell.

Speaker 2 (01:23:05):
It's a shell exactly, and they stick bits on the
outside of the shell.

Speaker 12 (01:23:08):
So this is every time we talk about Tesla and
we talk about what our favorite model is. You know,
the other day when they're all parked outside the White
House and Trump was saying he was he was just
going to have the He was just gonna have a
Model three.

Speaker 2 (01:23:20):
Wasn't he three plaid?

Speaker 8 (01:23:22):
Yeah?

Speaker 2 (01:23:23):
Yeah, he should have gone for that.

Speaker 12 (01:23:24):
And I've always said the Models is quite it is
not a bad looking car. But you've always gone cyber.

Speaker 2 (01:23:28):
Trucker, track truck, I thought, Simon.

Speaker 12 (01:23:30):
I always say it's the ugliest thing I've did it exactly.

Speaker 2 (01:23:33):
No, no, no, But in its ugliness is the appeal.
But here's the point. Unfortunately, and I didn't realize this,
they glue the bits on, so they're just glued. And
now unfortunately the glues coming off, and especially they're found
in cold weather. The glue reacts to the cold weather,
and the punts are just falling off the cow.

Speaker 12 (01:23:51):
So they've had and that's before of course the battery
has reacted with the cold weather and not lasting as
long as it should have.

Speaker 8 (01:23:58):
Problem.

Speaker 2 (01:23:58):
But the cyber truck literally just what's that? It's a
bit that fell off the car, so they glue them.

Speaker 12 (01:24:03):
I didn't realize that, So I always just assume that
you were saying that you were one to one, just
sort of as a as an ironic collector desire exactly.
But that's a bit like a day meaden a self portrack.

Speaker 2 (01:24:14):
I'm not into just picking up the parts of my
new car in the morning and the garas that's just embarrassing.
That's just stupid. Ten Away from.

Speaker 1 (01:24:19):
Nine the Mike Hosking Breakfast with the Range Rover Villa
News togs Head b Now we.

Speaker 2 (01:24:25):
All enjoy a little bit of time off work, but
what what what if you could make your time off
work work even harder? So you got the American Express
Airpoints Platinum card, you can now we're in four hundred
bonus points dollars for a limited time only. You're going
to be getting even more holiday earning ear dollars airpoints
dollars as you treat yourself to experiences like booking an
island cruiser, enjoying sunset cocktails. So if you have a

(01:24:47):
choice to make, do you want more while you're putting
your feet up on holiday? Or let's like more Figi
orless Fiji, more island hopping or less island hopping, more
massages or fear of massage. Anyway, apply for the fastest
here points dollar earning Platinum card and you could earn
four hundred bonus air dollar eight points dollars. So search
Emex Airpoints. That's what you're searching. MX Airpoints. Fastest airpoints

(01:25:10):
dollar earning Platinum card in the country. One thy five
hundred dollars minimum has been required in the first three
months from an approval offer ends twenty six of May.

Speaker 8 (01:25:17):
This year.

Speaker 2 (01:25:18):
Teasncy's are playing new card members only, but search Amex
air Points pasking. I know this morning that there's a
anything that's good in Hospo and Wellington is good by me.
Jared Strong a Beaver's garage. So they did the subscription service.
You know those weird card things that when you go
buy coffee you get one free one stamp, two stamp,

(01:25:38):
ten stamp, you get a free They don't believe in
any of that. They did a subscription thing. Subscriptions were
going to be a thing for a while, weren't They
were going to be like everything was going to be
a subscription. I'm not sure it's turned out to be
what they thought it was going to be. Anyway. For
seventy dollars a month, I think they're on the wrong track.
If I could just offer this piece of personal advice,
I think you've gone too low because for seventy dollars
a month, you get as many free drinks as you want.

(01:26:00):
So you just do the numbers on that for a minute.

Speaker 12 (01:26:01):
For thirty got free, that's seventy dollars a month.

Speaker 2 (01:26:04):
Well, they're seventy dollars a month, and in return you
get as many as you want. So under normal circumstances,
at six bucks a coffee, you're getting maybe eleven twelve coffees, right,
So if you go for twenty five coffees, it still
only costs you seventy dollars a month. And if you're
walking past this place every day, why wouldn't you, So
you're doing thirty thirty coffees a month. Thirty dollars a month.

(01:26:25):
All drinks are two bucks or fifteen dollars a month.
All drinks are half price. So I think the seventy
is going to bite them in the bum because they
tell us this morning that the seventy is the most
popular option, no kidding, I wonder why that would be.
So I do two coffees a day, two express as
a day, I would do twenty a month, forty a month,
So forty coffees I would do for seventy dollars. I

(01:26:46):
don't know there's money to be made there, but anyway,
we wish them well anyone who thinks outside of the box.
I am all over by the way, just quickly Liam
Lawson I'm reading about as well as he heads to China.
Two things won the race if you follow if one
the race is a very good podcast, asked, They called
him worryingly pereerz like, which worries me because they're not

(01:27:09):
like that. They're not they're not extremists. They're they're very
you know, they're intelligent people who study the data and
the tracking and stuff, and so that that concerns me.

Speaker 12 (01:27:16):
Surely you're only pereiers like if you do the same
thing for five races of the day.

Speaker 2 (01:27:20):
Yeah, that's true, he's got one two. Zach Brown said,
Yuki did a great job. This is reference to Melbourne.
Yuki did a great job. He's probably the guy that
should be in the red Ball if you look at
how he's performed. But they seem to make some strange
driver choices. Now that's politics, of course, that plays a
lot of politics. But pressure is on. Five minutes away

(01:27:40):
from nine.

Speaker 1 (01:27:41):
Trending now with the chemist Wells keeping Kiwi's healthy all
year round.

Speaker 2 (01:27:46):
John McGregor's at the White House to celebrate Saint Patrick's Day,
which is today, of course in that part of the
world anyway, Trump calls McGregor his favorite Irish person, which
is weird, per just this sort of thing. He'd say,
he's seen Hamilton and while I'm at it, you're my
favorite Irish person. So he's taken time, has mcgreggor to
get in front of the leg turn of the White
House in the press briefing room, where he got a

(01:28:08):
little bit fired about and fired up about illegal aliens
in Ireland.

Speaker 23 (01:28:12):
Illegal immigration rackets is running ravag on the country. There
are rural towns in Ireland that have been over running
one sloop that have become a minority in one sloop.
So it's just needing that's addressed. And the forty million
Irish Americans, as I said, need to hear this because
if not, there will be no place to come home
and visit. You know, Ireland is at the coast of

(01:28:33):
you know, potentially losing its irishness.

Speaker 2 (01:28:35):
Was he in front of anybody who was hearing that?

Speaker 12 (01:28:38):
It was part of the White House press briefing or
it was with Carolyn oh Good and she was in
a green dress. He was in a green suit. Good
very well tailored suit of course, because he's a big lead, right.

Speaker 2 (01:28:50):
Very hard to not hard to tailor a suit to
a body that you think, you think not just little
nippin tack there, little nip, but also green.

Speaker 12 (01:29:00):
I can't think of anybody who wears a green suit?

Speaker 13 (01:29:02):
Can you?

Speaker 2 (01:29:03):
While you do on you do on Sir Patrick's duck. Anyway,
the meeting is going to take place later on today.
There's a little bit of controversy around McGregor because he
was found guilty last year of that sexual assault. Of
course I think he's appealing there isn't he appealing now
that he's appealing there anyway, favorite of Irish Pierson. But
he hangs out with Dana White, and Dona White hangs
out with Trump, and they hang out with Joe Rogan.
They all hang out together and it's just a it's

(01:29:25):
like the mafia. Anyway Back tomorrow morning, as always, Happy Days.

Speaker 1 (01:29:34):
For more from the Mic Asking Breakfast, listen live to
news Talks it'd be from six am weekdays, or follow
the podcast on iHeartRadio

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