Full Show Podcast: 24 February 2025

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Episode Transcript

Speaker 1 (00:00):
New Zealand's home for trusted news and views, The Mic
Hosking Breakfast with A Veda, Retirement Communities, Life, Your Way News,
togs Head Been.

Speaker 2 (00:10):
And welcome today the Defense Minister on the Chinese and
our lack of hardware law change around foreign investment. We've
decided we quite like the police are Italy and the
Pope Germany and the vote. The lads in the commentary box,
Richard Arnold, Steve Price, their gold medalists as well pasking
welcome to the day, seven past six, so we should
all be paying attention by the way to Fontira at
the moment. They're one of the country's star operators. Of course,

(00:31):
they play an outsize role in our lives given their
size and success, and their success of late has composed
the previous CEO, and as a result of the arrival
of the current CEO, they're funneling billions into our beleaged economy,
and each and every one of us is affected and
should be grateful for their performance. But they might be
about to make a mistake. They're looking to shift their
consumer business now. Their core business is getting milk from

(00:53):
farmers and doing stuff to it. Milk powder is a
big one is where the big money is that the
world loves high quality dary know and does it better
than us. But they also have what they call consumer brands,
end products that you know, Capity, Mainland, fern leaf anchor.
They want to move them on in one of a
couple of ways. They want to do this because they've
decided someone else can do it better. In this they're wrong.

(01:15):
A trade sale is an option i e. You sell
it off and you pocket the money. Big, big, big mistake.
They did that with tip Top. They should have held it.
Or they're doing an ipo afloat so you and I
get the chance to potentially buy a slice. A better
idea but not ideal. To specialize in one thing is fine,
but there is no reason think about it. There's no
reason Fontira can't make sell market and succeed with butter

(01:39):
or cheese or ice cream. There's no reason they can't
hire the best people to make a top success of
these sort of products. It's not like they're moving into
housing or car manufacturing areas. They know nothing about. You
milk a cow, you sell ice cream. It's connected. Value
add is in part what has held this country back.
Chopping a tree down, for example, and then we sell
it to China and they do the rest. It's madness.

(02:00):
If Fontier can lead the world in bulk dairy, they
can lead the world and the products that result. Brands
are valuable. They take time and passion to create, and
they're worth more than a shipload of powder. Lots of
people can do the powder in the bulk brands refined
product value add that's where you want to be. And
the thing is they're already there, they already had them,
and now they want to walk away.

Speaker 1 (02:22):
Nuts News of the world in ninety seconds.

Speaker 2 (02:27):
Updates on a couple of wars dueling revelations over the
weekend as to whether Zelenski had folded on the Trump
idea of handing over a lot of minerals and rare earths.

Speaker 3 (02:34):
Trump was at Seapacker, we don't get our money back.
We get enough thing. So we're getting our money back.
We're going to get our money back because it's it's
not fair. It's just not fair. And we will see.
But I think we're pretty close to a deal, and
we better be close to a deal.

Speaker 2 (02:50):
Zelenski may be about to sign.

Speaker 4 (02:52):
We want win wins.

Speaker 5 (02:58):
You have businesses Ukrainian Ukraine.

Speaker 6 (03:02):
It's is the agreement that we should be signing.

Speaker 2 (03:04):
Either wid defenses front and center in Europe now that
America looks disinterested long term, we.

Speaker 7 (03:09):
Have to be ready to reshape our economy with industrial policy,
to stand up for Ukraine, to stand up for Europe,
but most of all to stand up for our security
because Ukraine is vital to us.

Speaker 2 (03:21):
The irony that we had the same sort of thoughts
out of the week and really as a result of
the Chinese turning up in the Tasman will be discussed
with Judith Colin shortly. Anyway, the other war this is
a miss. The Israeli is ropable either that hostage cockup.

Speaker 8 (03:33):
In light of the repeated violations by Hamas, including rituals
that humiliate the dignity of our hostages, It's been decided
to postpone the release of prisoners that were scheduled for
Saturday until the release of the next hostages is guaranteed.

Speaker 2 (03:46):
Hama's trying to spin it.

Speaker 9 (03:48):
We have fulfited all the duties from our side according
to the deal, but what we have seen until now
violations of the first phase and the rediction to be
involved in a second fizz.

Speaker 2 (04:03):
Then our mate in hospital has written a letter.

Speaker 10 (04:06):
I'm confidently continuing my hospitalization at the Gemelli Hospital. Carrying
on with the necessary treatment and rest is also part
of the therapy. Thank you for this closeness and for
the prayers of comfort I've received from all over the world.

Speaker 2 (04:23):
Right, Germany numbers are in CDU CSU twenty nine. These
poles are dangerously accurate in Germany. We've got to get
some polsters like them. So these numbers come out. The
poles closed a couple of moments ago, so CDU CSU
twenty nine. That's from one of the broadcasters. Another broadcaster
has them at twenty eight point five at the moment,
the AfD second at nineteen point five, the SPD at sixteen,

(04:46):
the Greens at thirteen and a half the left of
eight point five. So what do you do? Do you
do business with the AfD? No, you do not, allegedly,
so to the CDU CSU do something with this SPD. Possibly,
so we'll go to Germany later. On twelve past six.

Speaker 1 (05:02):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talk.

Speaker 2 (05:08):
ZIB News Talks B. Here's the af D leader. We
got it all not.

Speaker 11 (05:17):
If what happens what we expected, that the CDU is
taking notes from US and is doing electoral fraud with
their own voters by then forming a coalition with the
left parties, then they can tell you the next elections
will happen sooner as you think, and then you will
over take the CU and be the strongest party. That's

(05:41):
our objective.

Speaker 2 (05:43):
Right, So what you producing the cd U c SU
at twenty nine percent? Do you do business with the SPD, which,
of course the Schulters party has just been booted out
and so he's of the left. So does the center
right deal with the left and usurping the AfD. That's
what she's referring to. So Germany appears to be in
a stalemate this morning. But as I say, we'll go
there in about announce time fifteen past six, n't fund

(06:06):
manage mcgregg smith, Morning to you, Morning to you, Mike.
Was spark a surprise at that level.

Speaker 12 (06:13):
It was a surprise the market was expecting a poor result,
that it was much poorer than expected. There wasn't really
any bright spots in a major way at all. So
it was seeing some earning disappoints over the here but
this one was an absolute doozy on Friday, so the
share price fell nineteen percent. That's a huge move for
such a big company. So what a billion dollars from

(06:34):
the telcos market value? Net profit that fell seventy eight
percent and then reduced the full year outlook as well.
So look, we know things are tough, we know we're
in a recession, but this was their third profit downgrade.

Speaker 5 (06:45):
In the year.

Speaker 12 (06:46):
So normally it gets sort of an advanced warning of
these things, and investors didn't and that's what they're rected to.
So we know the government's coming back on spending, so
to a business's consumers also looking for better deals than
a competer mobile market, so this is all taking toll
So what's the telco doing. They're trying to reduce costs.
You see lots of businesses are doing that against the
backdrop of a recession. Look what one mind Brits Spot

(07:07):
I suppose you could say its data centers, but it's
still a small part of the business for now. And
they did also reaffirm their dividend guidance for the full year.
But that's something because they're selling the rest of their
stake and sell to our company connects as so the
investors focused on the underlying result there, Mike, and you
are pretty poor on it there. It wasn't the only
one in the days. Sky Network TV they fell three
percent as well, their half unings down twenty six percent,

(07:29):
So we know the problems I've had with their satellite
migration project. But also the recession is binding. But they've
been spending lots on programming. Good for a coverage of
the Paris Olympics, but leaves a bit of a bill,
so they're going to moderate that. But good news for
them as they have got that six year deal on
the home matches for black Caps and White Ferns. But
I suppose you have to say, Mike, last week you
look at the results in Spark, Sky TV, sky City

(07:52):
Finsure building, they will really reflect how tough air economy
is at the moment. I suppose the brightness on the
horizon we had it babien zed Raycat and there'll be
more of those in the coming months, so maybe a
better second half.

Speaker 2 (08:04):
Of the year. And we also have Frontira.

Speaker 12 (08:07):
That's right, and you talked obviously about the divestment plans there.
But yeah, the airy sector has been going well further
reminded here. So fin Tierra they've forecasts at full year
twenty five earnings will be in the upper half of
their previously announced range, also forecasting a twenty four to
twenty five farm gate milk price midpoint of ten bucks
per kilogram of milk sids, so that would be a

(08:28):
record milk collections. They're going well favorable weather, so they're
up to one ten million kilograms milk solids and they
said there's going to be really strong in term difference.
That's all great news for dairy farmers. My frontier shoes
themselves are up almost five percent. And let's not forget
there was another big positive story for the sector last
week A two. They rose twenty percent on their results

(08:49):
earlier in the week. So they're doing well in Chining
to spite declining birth rates and like a lot of
exporters benefiting from a weaker Kiwi dollar.

Speaker 2 (08:56):
Now, what do we make of Domain, which of course
is partly owned by Channel nine and this this American bid, Yeah,
it's really interesting.

Speaker 12 (09:03):
So US real estate giant Coastar they came out and
launched a bid which values Domain at two point six
billion Australian dollars. So they just saw their years saw
forty percent on Friday, nine sixty percent of domain, so
their shares sort over twenty percent. They said the BID's
not enough. They see domain strategically important. It has been
a prize to joy a set for them. So yeah,

(09:24):
it's really interesting. It's not the first time Coastar has
been inquisitive. It's attempted to buy a US portal Move
for five billion look to do that from News Corp
a couple of years ago, bought on the market in
the UK, a really bit of a global landgraup. They
bought three D mapping property mapping service Metaport for two
point five billion last year. So I suppose you know
what if they do do it, what they can probably

(09:44):
do look to do is invest more in domain. So
at the moment, Domain is much smaller than bigger competitor
Aria Group, which has around sixty percent of online listings
versus domains thirty percent, and Area has just got much
more financial firepower. So they've vialed over thirty billion dollars.
That's ten times domain. The deal could level the playing
field and that's what co Star did when it bought

(10:05):
homes in a dot Com in twenty twenty one, so
they invested about a billion dollars in sales of marketing
and it took them from being a lagging listing site
to the one of the most popular in the US.
So perhaps stay tuned. And also it's a bit of
a signal here. Mike the CEO OFRIA, he jumped ship
last week, so weirdly go to domain, so it could
be a bit of a change in the guard.

Speaker 2 (10:25):
Interesting numbers please.

Speaker 12 (10:27):
Yeah, So we had the Dow down one point seven
percent on Friday and the some P five hundred he used.
Consumer sentiment fell ten percent. Is worries here about tariffs,
inflation and so on. We also had home sales and
services p my week and expected nar'sack down two point
two percent, foot Sea was flat eight six five nine,
and Nick was up point three percent. Hang Sting had
a big day. Tech stocks again on the charge up

(10:48):
four percent, ACEX two hundred down point three percent, ins
X fifty. Obviously, we were weighed down by Spark down
one percent twelve seven five to two, Gold down three
dollars two nine three six, and Ounce still around called
levels Oil down couple of bucks seventy spot forty a barrel.
Currency market's Kiev weaker against the US fifty seven point four,
we're up slightly against the A ninety point three, British

(11:10):
pound forty five point five down slightly, Japanese yen eighty
five point seven, down point six percent. This week, Mike,
we've got plenty going on US durable goods GDP USE
inflation results, got Home Depot that's a big retail giant salesforce,
AI Darling and Video, and then KVY retail sales Card
Spending Business Consumer Conference and we've got plenty results, twenty

(11:32):
of them in cleaning Meridian, Mercury and Somerset.

Speaker 2 (11:35):
Very good piece in the Herald yesterday. How many words
is that, by the way.

Speaker 12 (11:38):
I think it was about nine hundred something on that
Hopelly hit hit the.

Speaker 2 (11:42):
Mark and no, it did it hit the mark. It
just took me a bit of time. That was all
I go. Well, Greg Smith at Devon Funds Management, I'll
come back to that. By the way, if you didn't
see it, Alie Barber, they did okay, revenue growth of
eight percent. Amazons are passed Walmart for the first time ever,
So people got excited about that. One eighty seven billion
versus one eighty billion. Big money, isn't it? And West

(12:02):
Farmers who own kymartin Bunnings we did okay locally, Kmart
a net profit after text one hundred and six million.
Bunnings New Zealand drop and revenue, but they still came
in with the profit of seventy nine million. It is
six twenty one at news Talks.

Speaker 13 (12:15):
It graay ma yous the Mike Asking Breakfast Full Show
podcast on iHeartRadio powered by News Talks.

Speaker 2 (12:28):
It'd be my Compass Group could buy Fontira brands and
they could distribute product and add value to the school lunches.
It's very good. Everyone's a comedian on a Monday morning.
Inflation in Japan two year high came at four percent.
Everyone went, what so America? Japan? Britain forecast for New
Zealand as well. I think inflation is going to be
a story. Consumer sentiment also in America fell off a

(12:51):
cliff as they finally woke up to the fact that
tariffs don't actually bring down prices. But anyway, and I'll
come back to Greg Smith in a moment. Six twenty five.

Speaker 1 (12:59):
Trending now with Chemist Warehouse, the Real House of Vitamins.

Speaker 2 (13:03):
And I got a shock poll out of Australia this
morning that we'll see a change of government.

Speaker 6 (13:07):
Right.

Speaker 2 (13:08):
Drake how many Holes in his seventie's day, released his
new album, which is called Some Sexy Songs for You,
So Sex Songs for the Yesters have all got dollar signs.
Comes off the back of the Super Bowl Kendrick Lamar
dis track blaud blah blah. None of that matters because
he's got himself ahead, has Drake Apple Music tell us
that broke first day R and B streaming records came

(13:28):
in at number three on the UK charts, three tracks
from the top forty. It's not Tata, but it's not bad.
This is Nokia My love.

Speaker 14 (13:36):
I'm just telling you to days that my love.

Speaker 2 (13:39):
You don't hear many love songs about phones, but there
you go. Gained a lot of momentum over the weekend.
This is one that's got most most airplay. Give me hers, gimme,
gimme her, gimme, give me her her, give me her.
Not that hardlest music is give me a herd, Give
me a herd.

Speaker 1 (13:58):
Give me some love.

Speaker 2 (13:59):
Yeah, is here where Mom Jesus will here in the
women's genes. That's top ten on all the streaming sites.
You got your Spotify, you got your Apple, you got
your billboard. A yeah, so hot. Right now, the poll
in Australia is ten points now two party preferred fifty

(14:20):
five forty five to the Coalition the key and this
is what we'll be giving Albanezi some hope. Two numbers
for you. Fifty nine percent say that cut from the
Reserve Bank last week makes no difference to their vote.
Twenty six percent this is the hope for Albanezi. Twenty
six percent are undecided. So on these numbers, the Coalition

(14:41):
will in fact become the government, against really all odds,
not since the nineteen thirties is a one term government
become a one term government. Let's steep price on this.
After eight thirty this morning, Judith Collins, the Chinese and
our military more after the News, which.

Speaker 1 (14:57):
Is next to setting the agenda and talking the big
issues for the mic costing breakfast with the range Rover
villa designed to intrigue and use togs Head, B Matron.

Speaker 2 (15:08):
And Sama Roland Washington this week. Now, that's going to
be interesting. With the Donalds being we surely out of
the state's many time back here at twenty twenty seven.
A lot of wake up call in the Testament at
the tone is right, start firing and tell no one
it's not illegal. It's an international waters under international law.
But the old bee polite part seems to be out
the door. And that's before we get to the details
of the Cook's arrangement. Defense Minister Judith Collins is, well,

(15:30):
it's very good morning to you.

Speaker 15 (15:31):
Oh good morning mate.

Speaker 2 (15:32):
Is it acceptable to behave the way they have, Well, it.

Speaker 15 (15:36):
Is under the human laws, but it is always best
to give a bit more notice when it comes to
lie firing, particularly when the civil aviation flights and routes
cross that area.

Speaker 2 (15:50):
Is the message more for Australia around Taiwan and they're
exercise than us or we don't know that.

Speaker 15 (15:57):
Well, we don't know. But what we do know is
that New Zealand and Australia we engage in going through
the Taiwan Straits in the South China see but that
is because we are also exiting and transiting. New Zealand
was from New end sanctions monitoring work regarding North Korea.
So there's not many other ways out of that area

(16:19):
except through that particular waterway. So this is quite an
entirely different activity, and we certainly haven't done any live
firing in Northeast Asia.

Speaker 2 (16:28):
Will we continue to do that? And if we continue
to do that, will let be seen given what's happened
over the weekend is provocative.

Speaker 15 (16:35):
Well, of course we will continue to do what we're
supposed to do, which is to help the United Nations
monitor sanctions against North Korea. So of course we will continue.
We will also continue not to do live firing in
that area and will be very careful to make sure
that everyone knows what we're doing.

Speaker 16 (16:52):
And there we are.

Speaker 2 (16:53):
Did Penny one get anything out of the Foreign Minister
at the G twenty? Do you know? And has anyone
asked it?

Speaker 8 (16:59):
No?

Speaker 15 (17:00):
Sure that I can tell you that I've been talking
instead with the Australian Defense Minister and Deputy Prime Minister,
Richard Males. So no, Penny is very different being mister
Peters area.

Speaker 2 (17:12):
Okay, Miles has left, You'll be in the air going
to Washington at the moment, wading.

Speaker 15 (17:17):
Well, there's a lot going on at the moment, and
of course everyone is trying to make sure that we
get to talk with the new administration in the US,
just as we do with other important partners.

Speaker 2 (17:29):
And what did Miles tell you is are they worried?

Speaker 15 (17:33):
Well, I think that they are very much like us.
They're aware of the situation. I don't think that anyone's
particularly worried. We're just aware that this is a new
thing that we've seen, which is an incredibly capable task
group coming down into an area where we haven't seen
them before, and we've undertaken live firing with only a

(17:53):
few hours notice.

Speaker 2 (17:54):
Some suggesting I read over the weekend that part of
the deal with the Solomons, this is them parking themselves
in this part of the world in a more present way.
This is the future.

Speaker 15 (18:05):
Well, I think we need to be very aware that
there is now more geostrategic competition in the inter Pacific region.
You've seen it in the Cooks, You've seen it in
the Solomon's. Quite clearly, this is not fifteen years ago.
Things have moved on.

Speaker 2 (18:21):
Is this the Americans going to do anything about this?
Do you think? I mean, they must be looking at
this with some level of concern, mustn't they?

Speaker 15 (18:29):
Well, I think they and other countries of the world
are looking at this and saying this is a new
development and Nobody wants to overreact, nobody wants to get
too excitable. eOne wants to be very calm and to
understand that while China is completely compliant with the UN,
can each the law to see it is always quite
good to give people notice, particularly when the civil aviation

(18:51):
changes and flights heavy to be dead used.

Speaker 2 (18:53):
Indeed, and this also debtails in with the Cook's deal,
which we've got some detail on over the weekend. So
the Chinese are here permanently on an ongame basis in
general terms, How worried is the government about all of this?

Speaker 15 (19:07):
Why don't say, I'm We're not worried. What we are
very aware and the Cooks is exactly the situation that
we've long said, which is that it's about sea bed mining.
So the hole in the specific region run around the
fire is essentially a treasury of resources, particularly on the seabed,

(19:29):
and that's what this is all about.

Speaker 2 (19:30):
As you can see the review that you're conducting and
have been for a sustained period of time. When's that
going to be seen and when are we going to do.

Speaker 15 (19:37):
Something in the very near future, Mike? And from my
point of view that it makes it even more important
I mean, obviously we're talking about a substantial increase for
defense and a plan to actually say this is what
we're doing, and here is the money for it. That
is quite different from what we've seen for quite a

(19:59):
long time.

Speaker 2 (20:00):
Good and not a moment too soon. Having said that
we have no money and military is expensive, it's billions.
Do we have billions? Will we spend billions? Is this
a billion dollar thing?

Speaker 15 (20:11):
Well? Everything in defense is expensive, and clearly there are
billions involved, and is simply not credible for us to
expect defense to keep on going after they've had you know,
is centrally thirty five years of every government hoping that
everything's just going to be fine and they wouldn't need
to do anything. It is an enormous task to rebuild,

(20:36):
and our people are doing it.

Speaker 2 (20:37):
And so are you going to And I know you're
not going to give away because it's budgets and all
that sort of stuff, But isn't it Is it billions
over many, many many years. In other words, it's not
the here and now, or is it billions right here
right now? We've got to do something fairly big.

Speaker 15 (20:51):
It's a sustained effort, as what I could tell you,
and it is a lot of money, it's a heap
of money, but it will also we also know that
the world is changing and we also need to be
to look at that again and say do we need
to do more again.

Speaker 2 (21:07):
So that presumably blows out the debt and the surplus
is gone. This will budget.

Speaker 16 (21:13):
No.

Speaker 15 (21:14):
I think it's it's actually about how we do these
things and being very aware that without national security there
is no economic security. There is nothing else.

Speaker 2 (21:24):
And I'm not arguing with you, it's a good thing
and it's well overdo. All I'm saying is that if
you're going to suddenly announce billions of dollars in defense,
that wasn't what we were thinking of, and then you
haven't got a surplus and you suddenly the debt's up
through the roof, this is what we're going to see
in the budget. Is it that dramatic or not?

Speaker 15 (21:39):
I don't think you'd say it with that dramatic. I
do think, however, that because most of the CAPSUL items
take some time from ordering to getting delivered and painful,
but it is very important to remember that the way
to end up spending the center of your budget with
GDP on defense is to different situations. You haven't spent

(22:02):
a decent amount beforehand, and you do not hear anything
in the city, so we're very aware of it.

Speaker 2 (22:08):
All right, appreciate it very much. Happy birthday.

Speaker 15 (22:11):
Thak you, Mike. It's so kind of you.

Speaker 2 (22:13):
No worries a big Dave's sixteen away from seven.

Speaker 1 (22:17):
The Mic Asking Breakfast Full Show podcast on iHeartRadio. Howard
By News Talks.

Speaker 2 (22:23):
It be right back to Germany. Here's the bloke who's
probably going to end up Chancellor.

Speaker 11 (22:28):
It's important that we get a government for Germany that
is able to act with a good majority in Parliament because,
dear friends, the world outside is not waiting for us,
and it's not waiting for long lasting coalition negotiations. We
need to be able to act very soon so that
we can do the right things domestically, so that we

(22:51):
are present in Europe, so that the world takes notice
and sees that we have a reliable government. He stands
for Junior said, I personally stand for this as well.

Speaker 17 (23:05):
International correspondence with ends an eye insurance, peace of mind
for New Zealand business.

Speaker 2 (23:10):
Frederick Mertzer, I don't know who's doing business with football,
Chicken and Berlin in after seven thirty this morning, right
thirteen to seven, Richard Arnold, morning to you, hey, Mike.
So they're all coming calling this week.

Speaker 18 (23:20):
Yes, the European Alliance NATO. Will it survive is the
question on the table? And if so, in what shape?
America's top two allies since the end of World War
Two headed to Washington in the next several days. French
President mcronarized first tomorrow in British PM Starmer. During the
first Trump term, Couse mccron hosted Trump for the big
Bastille Day parade and Trump said, oh, I love these

(23:41):
big parades, and then the Bridge invited the Trump family
to Buckingham Pallas. This time parades parties not going to
be enough. The former French ambassador to Washington, Sharad Aurow,
says Trump knew nothing nobody back then. Now he's more
radical than surrounded by yes men, says the diplomat, McCrone
will tell Trump, you can't be weak with Russhi Putin.
That's not in your interest. Still, there is that meme

(24:02):
going around. I mean he will have seen it, Noting
that Trump has criticized most everyone, including the Pope, but
never Putin and that is simply a fact. When Starma
arrives at the end of this week, he will try
a different attack with Trump and says Britain will boost
its defense spending to two and a half percent by
a date yet to be announced. Britain says it is
also willing to take part in a peacekeeping force for
Ukraine if there's any peace to keep, but only if

(24:24):
the United States agrees to be a backstop, whatever that
would mean. As Trump has embraced the Russian propaganda, of
course that Ukraine started the war, even though they were
the ones invader, weren't they.

Speaker 17 (24:34):
Yeah.

Speaker 18 (24:35):
Meantime, Russia launched two hundred and sixty seven drones at
Ukraine overnight, killing at least one person in what was
an unprecedented attack, marking the third anniversary of the Russian invasion.

Speaker 2 (24:44):
All right, now, have we finished our emails yet? Do
we know?

Speaker 18 (24:47):
Oh boy? This is well tomorrow justify your job day.
Elon Musk has sent those emails out to thousands of
government workers, saying that by midnight tomorrow they have to
list five bullet points countum reasons why the things you
did last week should keep you on the job. Send
a copy of your response to your boss, who may

(25:07):
or may not bother ridden the thing, says Elon Musk,
who waves that chainsaw around at the Conservative conference over
the weekend.

Speaker 4 (25:15):
The chairs a bureaucracy turns.

Speaker 18 (25:18):
Off course, However, Trump's new FBI boss, Cash Bettel, the
one with the enemy's list, is selling his staffers to
ignore Elon's job deadline.

Speaker 2 (25:28):
So what humble folks to do here, Mike?

Speaker 18 (25:30):
The pedagon is going to be a target this week,
and already Trump has sacked over the weekend key military leaders,
including the country's top a military officer of the Head
of the Joint Chiefs, General c. Q. Brown, who is black,
and Navy Admiral Lisa Franketti, who is.

Speaker 2 (25:45):
Oh gosh, a woman.

Speaker 18 (25:46):
The general was a fighter pilot with one hundred and
thirty combat hours. The Navy admiral is someone who commanded
you as carrier strike groups. They were sacked by the
new defense sech heg Seth, of course, a blackout drunk
who was a weekend Fox News co host. Meantime, Republican
lawmakers are facing some angry voters at town halls. We've
been seeing the last couple of days in red Republican districts. Texas,

(26:08):
Republican Peach Sessions was asked when a you're going to
risk control back from the executive. The guy in South
Africa is not doing you any good, says another Republican
voter hit by the government layoffs.

Speaker 14 (26:19):
You're all freaking pissed off about this.

Speaker 18 (26:22):
In Wisconsin, Republican Scott Fitzgerald was pressed about the job
cutbacks that they are seeing.

Speaker 7 (26:28):
Then will you stand up to them and say that
is enough?

Speaker 19 (26:38):
The end result of the fraud abuse that he has
been discovered already.

Speaker 2 (26:52):
Tough crowd.

Speaker 18 (26:52):
Also Republican Grotman, who was a wisconsinate as well, then across.

Speaker 2 (26:58):
The board has done some very good things.

Speaker 8 (27:01):
I think.

Speaker 20 (27:10):
He's gotten for the birth rate citizenship.

Speaker 18 (27:18):
That's one Nancy group there. The Dems also not getting
it past their supporters say they're two week one person
signing civil rights days and activist John Lewis.

Speaker 4 (27:28):
Back then he would have gotten arrested that day.

Speaker 18 (27:37):
You paid for the barricades, he's saying, So maybe they
could have that on pay per view mic oh boy.

Speaker 2 (27:48):
And then we got the consumer confidence over the weekend,
which fell off a cliff of course, and the problems
with the Fed and so it goes. Appreciate it. Richard
Arnold is back Wednesday eight to seven.

Speaker 1 (27:56):
The mic Hosking Breakfast with Bailey's Real Estate.

Speaker 2 (27:59):
You dogs v the German loser, mister Schultz.

Speaker 11 (28:02):
I would have hoped for a better resulte and we
can fight for better election results in the future, and
we will take our responsibility for this country in the future.
People have relied on love, they can continue to rely
on the social empty Parker.

Speaker 1 (28:21):
Well, the ins and the ouse. It's the bizz with
business fiber take your business productivity to the next level.

Speaker 2 (28:28):
Happening in the world of ev He's not a lot
of it's good and says have announced their boosting investment
in hybrids and engines. Then we came to BMW the
week and who told us last week that the V
eight was going nowhere, So that was the good news.
And now they're telling us that the mini they owned
many of course the electric production of Britain that's been delayed.
They got the main plant Knox with due for expansion.
But that were so twenty twenty three, which is when

(28:48):
they made that announcement. Fast forward a couple of years
reality struck. They cite quote multiple uncertainties facing the automotive industry,
so the one point three billion dollar upgrade in Cowardly
that's pause. They've also turned under one hundred and thirty
million dollar grant from the government to go towards the plants,
so that's not happening. Meantime, Mercedes Luxury in China simply
isn't working, and a localized more production in China. In

(29:10):
the United States, most of the new models are going
for are going to be top end, but they've got
a thirty percent slump and earnings last year in its
car division. This year we'll see earnings fall even further,
expecting a rate of return in the car division of
just six and eight percent, So they're getting squeezed left, right,
and center. Electrics not working for anybody, so they're going
down the hybrid route and keeping the V eights and

(29:30):
the beginning in cars because guess what, that's actually what
people want. That's where you get a Rivian. Rivian announced
over the weekend they did better than they thought, but
it's still dire and a lot of their money three
hundred million dollars came from the sale of regular tree credits,
so it's not actually cars it's just you know, saying
your environmental and somebody else goes and buys your credits.

(29:51):
It's nuts money. We want more of it. Even got
some money. David Seymour is going to change some rules
to get us some.

Speaker 1 (29:57):
He's next the Breakfast Show, Kiwi's Trust to Stay in
the Now, the Mike hosting Breakfast with Bailey's real Estate
finding the buyers others can't use Togsdad.

Speaker 2 (30:07):
B Welling seven past seven to the government going to
be more welcoming to foreign investment by amending the Overseas
Investment Act. Unless it's residential, farmland or fish quota, we
will one look to say yes to do it within
fifteen days. The Associate Finance Minister David Seymore's with us,
good morning, Good well anyway, how come this has taken
so long?

Speaker 21 (30:25):
Well, we've gone through.

Speaker 5 (30:26):
A process of basically speeding up everything we can within
the current law. So when I got this job started
last year, I issued a new letter to the OO saying, look,
you've got to do it in half your seventy day timeframe.
They're now doing that ninety six percent of the time. Meanwhile,
we've been going through cabinet getting everyone signed up and
agreed on changes to the law itself. That's now agreed

(30:50):
and we're going to put it through Parliament this year,
so that's a two year process over all. So over
all the way that we do overseas investment. It'd be
great if we could be like Malay or maybe Trump
and just announce it and make it so, but there's
the reality of a coalition government and a parliamentary democracy.

Speaker 2 (31:11):
How much money actually comes in that's not residential or
farm or fishing.

Speaker 5 (31:18):
It's in the billions, for sure. It goes through businesses
rather than necessarily land fishing quota as a relatively minor thing.
There's only so much of it. But what's important is
that relative to other countries, we're twenty six out of
thirty four are WECD countries monitored, and that sounds okay,
we're still eight people worse. Is probably not because the US,

(31:40):
for example, well, I mean, you know, it could be worse.
But one thing you've got to recognize is that if
the US you've got a huge internal market. You know,
even Australia has a lot more capital inside its borders.
So we can't afford to be in the bottom half.
We've got to be in the top ten.

Speaker 2 (31:56):
Couldn't agree more? Could it be? Though? Like tourism, Yes
we're open, but people decide not to come and we
know where near where we should be.

Speaker 5 (32:05):
Well, I totally agree. There's a bunch of other things
we've got to do. So for example, when it can
take twenty eight years to get a rem a consent
for one supermarket, that's going to be a big barrier
to say, getting another supermarket competitor and getting prices down.
But the government is also replacing the Resource Management Act
with a law based on property rights. We're also fixing

(32:25):
up for a lot of work around labor laws to
make it easier to actually employ people. So the government
is doing across the board a bunch of stuff that
will make it easier to do business in this country.
The part that I'm responsible for, at least we're talking
about today, is the regulations about getting foreign investment in
and basically we're going to say, look, as long as

(32:47):
there's no farmland, fishing quota or residential housing, then if
it's ofrastructure or business or whatever, then we're going to
do it within fifteen days.

Speaker 2 (32:57):
Fantastic good to talk to you appreciate it very much.
David see more these Asociate Finance Minister. It's ten past seven,
asking increasing is it just me? But is there an
increasing sense of desperation in this country. We've got this
interesting mix at the moment whereby allegedly the economy is
starting to come right and we might see something good
by the end of the year. But at the same
time the Chinese have arrived, we're begging for money, the

(33:18):
National Airlines buggered. It's got a weird vibe about it
at the moment. Police are having trouble with their phones
as well, which probably won't surprise you. Target of answering
seventy percent of non emergency calls within ninety seconds, they're
not at seventy by the way, that at seventeen average
time at six minutes and thirty six seconds. So now
they've dropped that target, they'll focus on customer satisfaction. Police
Director of Service Superintendent Bleir McDonald's with us. Blair. Morning

(33:41):
to you, Mardien and Mike caw Are you I'm very
well in do these non emergency calls? What sort of
thing are they after?

Speaker 16 (33:48):
Well, look at a really broader church of things that
members of the public can come to us for typically
it is to report some type of low level property crime.
We do men very minor family harm matters, they can
report that to us. But also some people just ring
us because they might be confused, they want to know

(34:08):
what the time is. Look how our staff have to
be very agile and we're almost Google for the police,
is how I like to describe it.

Speaker 2 (34:15):
That's why I asked the question at these just idiots
wasting your time?

Speaker 16 (34:19):
No, not really, Like I said, we are definitely a
gatekeeper to our organization, and we do we have a
big open end of the funnel. So when people contact us,
we try to identify, oh, actually this should go through
to one way and one you actually need to see
a police officer right now, so hey, we can actually
help you with that.

Speaker 2 (34:37):
Okay, what is customer satisfaction and how are you going
to measure it?

Speaker 14 (34:42):
Well?

Speaker 16 (34:42):
For us, we've learned over the last two years through
our Voice of the Customer that if a member of
the public rings us and they feel understood, listen to that,
We've understood the information that I've provided us, and the
most importantly, that we've given them a really clear expectation
about what police will do with that. Next that drives
our customer satisfaction.

Speaker 2 (35:03):
Okay, when will we know whether this is any better
than what we previously had, which hasn't worked.

Speaker 16 (35:10):
Oh look, i'd argue, at the moment we know that
now we've seen a massive increase in the amount of
contact that police have now was the public. It's really
fascinating that and I've only been in this wrong four months,
but I've learned that between us and one one one,
we make up almost eighty percent of all contacts with
members of the public, and for most of us, we

(35:32):
would assume that actually most contacts haven't been at a
police station, or would frontline police officer. We're actually eighty
percent of that volume and touch point the community.

Speaker 2 (35:40):
All right, Blair, appreciate it very much. Blair McDonald. That
doesn't surprise me at all when you say you would
assume that most contacts at a police station. Find me
a police station. I mean, most people will have a
clue what the local police station is. Having said that,
if you just want the time in ringing the police,
do you mind waiting six minutes and thirty six seconds?
My guess is if you're the sort of person who
thinks that ringing the police to ask the time, you've

(36:02):
probably got six minutes and thirty six seconds on your hands,
thirteen past, seven past, because it's two only six percent
of federal workers in the US actually go to the
office buildings left empty. No, it's six percent of Washington
as in the city, not the state. But having been
to San Francisco, wouldn't surprise me that it's there as well.
Rents numbers in this morning national median weekly rents gone

(36:23):
up ten dollars on average in January. Supply of rental
listings is up as well, so that's interesting. So maybe
over time of theory holds true, red's going to go
down again. Anyway, A number of rental listings are up
thirteen percent, so way more listings up forty percent year
on year. Auckland's up thirteen percent, Wellington twenty two percent,
Canterbury up five percent. Taranaki biggest increase in rent gone

(36:46):
up six percent just in the month. You're paying six
hundred and twenty a week in Taranaki. Wellington three point
eight percent, up at six seventy five, which makes it
more expensive than Auckland now six seventy Canterbury up two
point seventy five. Eighty fourteen past.

Speaker 1 (37:00):
The high asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks ABOV.

Speaker 2 (37:08):
We will go to Rome and Joe McKenna just before
right there holding a press conference or due to hold
a press conference of the Vatican any second now from
Cash for tell, who's the man in charge of THEI
FBI personnel may have received an email requesting information. The FBI,
through the Office of the Director, is in charge of
all of our review processes, and we'll conduct reviews in
accordance with the FBI procedures. When and if further information

(37:29):
is required, we will coordinate the responses for now, Please
pause any responses, So that's stuck it right up. Elon moontime,
I note that Genesis has in the power company strong
first half result, and there these power companies are starting
to get into the business of banks, because all very
well to be profitable, and we love profitability. But we

(37:50):
paid for that profitability last winter when we couldn't turn
the lights on and they were pumping coal light there
was no tomorrow and the spot rate went through the roof.
So part of the spot rate suddenly you gained from.
And then a couple of months later you go Hey,
look at how much money we made. So it's all
very well to be profitable, fantastic, but at what level
of profitability do we the consumer suddenly go will hold
on my power bills too much? And you guys are

(38:11):
clearly milking it out the other end. Then I come
to hospitality. Little Sammy was out over the weekend. He
was on Wahiki Island, which is an island off the
coast of Auckland. All the vineyards closed at six o'clock.
This is this ongoing debate around regional New Zealand that
if you, I don't know, just kept the door open
you might get some custom. So he turns up at
these vineyards at six o'clock, not open or closed. But

(38:33):
by summer summer time, it's still light, it's still warm.
You want a veno, but no, why would we want
to serve you or indeed be open for business in
the middle of summer, in the middle of the tourist season,
when we can close at six o'clock. Meantime, my experience Friday,
we're out in a sort of a strip of restaurants,
four or five different restaurants. I have never seen more

(38:53):
people in my life now, I told you the story
in the country. A couple of weeks ago, we try
and book. They can't book. For love nor money. They're
booked out weeks literally in this particular case, weeks in advance.
We go to another place the next day. They were
booked out the previous night. They're booked out that night.
They don't want to do with it. They're running out
of ingredients, and they've got so many people coming in.
Friday night, we're out and we're sitting outside. And this,

(39:15):
by the way, because we eat dinner early, we were
with other people and we try not to be too
abnormal with other people, and so we said, how about
five thirty. So we got away with five thirty.

Speaker 21 (39:24):
So I don't like to understake too much with the
late lunches.

Speaker 2 (39:26):
No exactly. So anyway, five thirty at this restaurant that
holds I'm guessing one hundred plus people. At five thirty
on a Friday evening, you cannot move. There are people
standing on the footpath with no bookings, pleading to get
into this place. You go down the strip, restaurant after restaurant,
after read about four or five on the strip, you
can't breathe. There are so many people drinking so many beers,

(39:50):
having so many metsa platters, ordering so many pizzas, And
I'm thinking to myself, who is it in hospitality that
isn't doing well? And what is it they're doing apart
from being closed that means you're not doing well. People
clearly are desperate to spend money, because that's what I'm seeing.
All I'm seeing when I go out periodically and dipping

(40:10):
my toe to the world of hospitality is one, I
can't get a table. Two there are just people just
desperate to unload their dough So I don't know what's
going on. And that's before you get to the fact
it takes you six and a half minutes to ask
the police for the time, and the Chinese have arrived.
So it's a weird world. Seven.

Speaker 1 (40:30):
The Mic Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks EP.

Speaker 2 (40:38):
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would you recommend for everyday wellness that also addresses common
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Trio Bundle only from About Health. Hosking, seven twenty three.
I'm sad to report that Winston Peters is wrong. His
thinking that the Pacific Favors friendship has been proven naive.
As I've always said, checkbooks win and we don't have
a checkbook. And even his goodwill gesture in twenty seventeen

(41:43):
when he lined up alongside Labor and handed out that
billion dollars has proven wayfully short. The Chinese have shown
over the weekend the world is changing and in a
dramatic way. And we haven't even mentioned the word Trump yet.
The Cook's deal is about mining the sea bed. It's
about things at great depth and the ocean that are
worth a fortune in the Chi want their hands on it. Meantime,
the Chinese Navy's arrived locally. Of course, we're busy diverting

(42:04):
planes while having no idea while they've done what they've done.
Best reasoning I've seen so far is from McK ryan,
who appears on this program periodically. His ex military and
a great thinker. He's deeply worried, and if he is,
we should be as well. His theory as the Chinese
reminding Australia that you might want to stay local instead
of wandering off and doing your exercises and places like oh,
I don't know Taiwan. If you don't know what's coming

(42:27):
and when you stay local makes sense. They're sending a message.
Is it legal? Yes, international waters, international law. Nothing's been
broken apart from the fact they're route by not letting
anybody know. But then that's the point. Of course. There's
also a sense that some sort of picking of sides
is coming orcus or no orcus oh, we might like
to think about that as well. We might also like

(42:48):
to look at our defense forces of Judith Collins mentioned
earlier on the program, and wonder yet again if we've
tried our luck on just a little bit long and
what's left of what we might need needs a bit
of dough spending on it. But as for the Pacific,
Mark Brown will say nice things, of course he will.
But money talks, and it has talked. The Pacific generally
are being or have been bought off by Chinese money,

(43:08):
whether it's security like the Solomon's or mining like the Cook's.
Friendship doesn't solve any of it. Asking speaking of the Chinese,
I don't know if you note over the weekend that
the main opposition and party in Hong Kong, they've announced
plans to dissolve Democratic Party, once the largest opposition group
in all of Hong Kong. Members are going to vote

(43:29):
on a final decision thirty one years they've been doing this,
but the Chinese have basically changed the rules to the
point where you can't bet. It's called the Patriots Law
was passed in Hong Kong and twenty twenty one and
sures only people regarded as loyal to the communist regime
and Beijing can serve as law makers a local councilors
in Hong Kong. So that's Hong Kong, bugget thanks for coming.

(43:49):
Glenn's out and the Bay of plenty. He's watching tables
getting turned over left, right and center. He's never seen
anything like it. He's and there's having a long wheel.
That's Glenn. Glenn's a slow eat, a slow walker. So
he's there for.

Speaker 21 (44:01):
Several It takes you a long time to decide what
you want. They keep wanting to take your order, us
another cup of you, give me another drink while I
think about.

Speaker 2 (44:10):
It, turning over table after table after table. Something's I mean,
it's this is all good, don't get me wrong, this
is fantastic. But all I'm hearing from the organizations that
allegedly represent HOSPO is no one's doing any business. Doors
are closed, and it's miserable. I'm not seeing it. Glenn's
not seeing it. Sam is. But that's because why hecky's
a world and to itself and they don't want to

(44:31):
open for any sort of business. Grock three. We told
you about just quickly. This is Elon's weird thinking. This
is Grock three. So who So you asked Groc three
and he said it was ten times smarter than anything
else in AI. So the question was asked, who are
the top five people? Are groups spreading disinformation on X?
They asked Grock three. The response was Elon Musk, this
has gone viral, as you can imagine. The response came

(44:54):
back because it's ten times smarter than anything else and
AI Elon Musk, Donald Trump, Robert F. Kennedy Junior, Alex Jones,
and Artie.

Speaker 21 (45:03):
So maybe it is ten times smart.

Speaker 2 (45:05):
Yeah, pretty bright after all? Really, I having said that,
I could probably have told you that the Germans. The
big question is not the result, because the result has
you was exactly as they predicted. Question is if you're
not going to do business with the AfD, which allegedly
they're not, who are you going to do business with?
And if you can't do business with anyone? Are we

(45:25):
going to ever have a government in Germany?

Speaker 1 (45:28):
Your source of freaking news, challenging opinion and honored backs
The Mike Hosking Breakfast with a Vita Retirement Communities Life,
Your Way News, togsad B.

Speaker 2 (45:39):
Being a feel for it, Samon Meth and Mike's sons
out enjoying food and drink at five thirty good Places
of Booming Mic and not just Auckland was in christ
Dutch last week Thursday night, New Regent Streets. Struggled to
get in anywhere. Place was absolutely packed. This is the
conclusion I'm coming to. I think we're finding out. The
reality is if you're not up to much and you
can't be bothered opening and the service is a bit
crap and the food's no good and the prices people

(46:01):
will pay for quality Mike restaurant owner here. People are
still spending, but being more selective about where and where
they spend. If they're only going to go out for
a meal once a week, they wanted to be the
absolute best they can afford. And I think that's probably true.
But there's nothing wrong with that. Twenty three minutes away
from eight great weekend of sport, Andrew Stable Jason Plain
with us after eight o'clock meantime. Back to the German election.

(46:23):
Are they've been voting. Although it's a cliche, it feels
like one of the most consequential elections in a very
long time. Odds on favorite to try and be chancellors
Frederick Mertz of the Christian Democrat Union CDU. Anyway, Torsten
Benner is co founder and director of the Global Public
Policy Institute in Berlin, and as will us, very good
morning to.

Speaker 14 (46:40):
You, wonderful good morning, Mike.

Speaker 2 (46:42):
So the numbers come out the way everyone I assume
I'm correct and saying that's the way most people thought
they were going to. How do they form a government
and who do they form it with?

Speaker 14 (46:53):
That's the big open question.

Speaker 22 (46:54):
Indeed, no you surprises in the results so far, except
for a meal need surge of the Left party that
very few expected that way. But the big question now
is it's too early. It's too early to call and
too close to call whether two of the smaller parties
make the five percent threshold. If they indeed pass the

(47:15):
five percent threshold, that means that we need three government,
three parties to form a collision that will be protracted.
Will take quite a long time. If they don't make it,
then I think the odds are that Fredchmetz, the chancer,
the new chancellor, can govern with the outgoing Social Democrats.

Speaker 2 (47:35):
Okay, So let's just work through a couple of the
issues for people that don't necessarily follow the CDUCSU twenty
nine percent. They're on the box seat. The parties you
refer to, I think are the BSW and the FDP
four point seven exactly your four point seven and four
point nine percent. Who are they and what sort of
policies do they offer and how closely aligned to the
CDU see SU are they.

Speaker 22 (47:58):
The FDP is a liberal pro business party and bs
W is a new party that hasn't been and it's
a party formed by a former Left Party member who
pursues some sort of pro Kremlin, anti walk but kind
of pro social welfare issues agenda.

Speaker 2 (48:19):
Wow, that sounds confusing the SPD and Schultz does he is? He?

Speaker 22 (48:24):
Well, national social has been a tradition in Germany, kind
of marrying the two.

Speaker 2 (48:30):
But anyway, Yeah, so the SPD. Is Shultz happy to
go from being chancellor to the third wheel.

Speaker 14 (48:38):
No, No, it's clear that Charlets is out.

Speaker 22 (48:40):
He said, like he will not join a new government.
It's not like in New Zealand sometimes you know, the
foreign ministers, the former prime minister whatever, like those things
don't happen usually in Germany.

Speaker 14 (48:51):
He's into retirement.

Speaker 22 (48:53):
Uh, and then it's a new cast of leaders maybe
for this Social Democrats. Their result is disastrous. They lost
about ten percent, so there might well be a leadership
upheaval also in the party beyond shots, you know, saying
that he will not join a new government.

Speaker 2 (49:16):
But at twenty nine percent, I'm just doing the rough
math here. The CDUC is here at twenty nine percent.
Even if they go with the ESPD at sixteen, there's
still not fifty. Is that a minority government.

Speaker 14 (49:25):
No, it's not a minority government.

Speaker 2 (49:26):
It's the two other gods. Are you talking about a
five party four party.

Speaker 14 (49:33):
Exactly?

Speaker 22 (49:34):
So if if they don't, if they don't make it
into parliament, but that's they will not govern with the CDU,
then these two small parties the government will then be
most likely either CDU Social Democrats Green or CDU Social Democrats,
and this liberal party BSW will not.

Speaker 14 (49:56):
Be in government. But anyway, we're talking a lot about
the options.

Speaker 22 (50:00):
But I think it's it's really important that new government
has its work cut out for it. We need to
invest massively into security spending. With Donald Trump pulling the
rug from under our feet and put in advancing on us.

Speaker 2 (50:16):
But isn't that the point? Isn't that the point if
if you've got some sort of jerry manned three or
four party coalition, can they agree on anything substintive like
you know the issues you've just right, Yeah.

Speaker 14 (50:26):
It will be, as you know, will be very tough.

Speaker 22 (50:29):
And and and the past government fell because it couldn't
agree on a solid fiscal base to kind of agree
on spending goals.

Speaker 14 (50:43):
It won't be easy for a three party coalition.

Speaker 22 (50:45):
For a two party coalition, I think it might well
be in the cards that it's somewhat easier.

Speaker 2 (50:51):
Can we definitely one hundred percent hand on hard rule
out a deal with the i f D?

Speaker 22 (50:58):
Well, I can't, you know, I would say ninety nine
point nine percent or one hundred percent, because that will
you know, if Rider him out does that for the
Christian Democrats, he'll instantly split his party, I think, because
there's many in the Christian Democratic Union that would object
to such a move, and they would you know, that

(51:20):
would achieve the very goal of this extreme right wing
AfD party. They want to split the Christian Democratic Union
as a party.

Speaker 2 (51:28):
What about the alternative though? If the AfD, what was
as a voter, why would I have voted for the
AfD got my nineteen and a half twenty percent? Know
that I don't get into government, and what's preventing me
from going? You know what, as much as I might
like them, they're not going anywhere, and no one wants
to deal with them. I'll wander off and vote for
somebody else.

Speaker 14 (51:48):
Well, it's a protest board, right, it's not unheard of.

Speaker 22 (51:51):
And you send a message that you don't like the
migration policy that Europe and Germany is pursuing, You're angry
at the massive inflation that has hurt your pocket book,
and you don't like the pro Ukraine policy that the
government and the mainstream parties have pursued. And if you
say stop and I'm angry with you, then it's a

(52:13):
you know, it's a nice way to, you know, show
the middle finger to the establishment.

Speaker 14 (52:18):
That's not a new phenomenon.

Speaker 2 (52:20):
What's Torsten? How's the campaign gone? What's the vibe in Germany?
It seems like a really troubled time in the world
at the moment. Is that what you're getting?

Speaker 22 (52:29):
Yes, but the campaign was totally disconnected from the seriousness
of the kind of security situation and the economic situation
that Germany is facing. Germany's we didn't discuss China at
all in the campaign, which I find personally quite ludicrous,
given that our core industry is expected to suffer from

(52:49):
a China shock, China eating our lunch in terms of
our core industry, in terms of unfair competition, and of
course Donald Trump is wreaking havoc, the biggest crisis of
the Alliance in eight decades, and we have no clue
how we are going to deal with it and provide
for our own security and fend off this trade war
that Trump is starting. So but we didn't really discuss

(53:13):
this during the campaign. We kind of indulged in a
bit of a nostalgic self referential campaign.

Speaker 14 (53:20):
But hey, here we are.

Speaker 22 (53:22):
We now need to form a government and Donald Trump
is certainly not wedding for us.

Speaker 2 (53:27):
I like your style, mate, We'll get you on again.
Torston Benner, who's the co founder and director of the
Global Public Policy Institute in Berlin. Seven forty five.

Speaker 1 (53:36):
Good the Mike hosting Breakfast Full Show podcast on iHeartRadio
powered by the News.

Speaker 23 (53:43):
Talks at me.

Speaker 2 (53:45):
To twelve Mike They Gone from Germany was fantastic. Can
we give them a weekly slot like you made in Italy.
It's not a bad idea. Actually, I'm considering that I
have no control over this program because I thought we'd
sack Jason Pine from last week. But I know he's
on this morning, so I'm going to have to have
a word when he turns up. If he turns up,
are we confident he's turning up or oh we are, Mike,
great interview with the German, very informative, knowledgeable. I agree.

(54:07):
I'll just say weird thing in the media at the moment.
I don't like to spend too much time in the
media if I can avoid it, because it will sounds
self indulgent. But nevertheless, here's my great concern, and it
struck me again yesterday when I read that Katie Bradford
is leaving TV and said she's quit and she's off
to Infrastructure New Zealand. And to be honest, I mean,
God bless her. She may well love Bridges more than
I do. But when you're leaving something to turn up

(54:30):
to Infrastructure New Zealand, you know that things are dire.
Without putting too fine a point on the fact that
Infrastructure New Zealand might be just a tad boring. But nevertheless,
in this tumult that we've seen in the media in
the last couple of years, we get a lot of
coverage of, you know, high profile journalists who are leaving.
Can I be really honest, Most of them aren't that
good and a lot of people won't be very pleased
to hear me say that. But a lot of them

(54:51):
aren't that good and they won't be missed broadly speaking,
But there's a couple in the last few days that
will be One's clear Travet. I like clear Trevette. I
don't no clear Trabet. I just read her and she's
a very talented broadcast when she's going, and that's sad
in the Herald, the worse for it. Katie Breadford is
another one. She's one of the rare reporters left at
TV and said that can actually stand in front of

(55:12):
a camera, use the English language and speak normally without stumbling, bumbling,
referring to her notes or looking like she's going to
get shot at any moment. She's actually quite good at
a job. And what you get in these difficult times
is the odd person many of them, as I say
to be blunt, won't be missed. But the odd one
who goes, you know what, this is no longer worth

(55:33):
the hassle. I'm going to go get work elsewhere. And
that saddens me because that's talent that by and large
won't be replaced. So in other words, the media landscape
in general will be the worse off for their departure.
And so that's just two within the space of a week.
So it's not a good sign. Turn away from.

Speaker 1 (55:52):
Et the Mike asking breakfast with a Vita retirement, Communities
news togstad b.

Speaker 2 (55:58):
Hto seven, away from at let's to let's get to
Rome and see what the Vatican had to say the
last half hour. Joe's weather this morning, Joe, good morning.
Make this doesn't sound good. Some blood tests initial mild
kidney failure. So he's still on the high flow oxygen.
He's still complex. What I mean, are we feeling hopeful
at all or not?

Speaker 20 (56:20):
It doesn't sound very good, does it. He remained in
a what they call a critical condition on Sunday. A
great deal of alarm on Saturday, when the Vaticans said
that the pope had suffered a prolonged respiratory crisis which
sounds like he couldn't breathe at all. He has been
receiving supplemental oxygen through a tube in the last forty
eight hours. And now they're talking about blood tests showing,

(56:43):
as you said, initial mild kidney malfunction or failure.

Speaker 2 (56:48):
Do they have a prognosis? Do they then go but
or or they just leave it at that.

Speaker 20 (56:55):
Well, they say the clinical picture is complex and we
need some drug therapies to provide more feedback. And then
they say our prognosis remains reserved. So they're not saying
too much, but clearly a lot of different things are
going off at once at the same time.

Speaker 2 (57:12):
How many people are speaking on his behalf? You're getting
something from the Vatican and something from the doctors. Are
all going through the Vatican or all the doctors all one.

Speaker 20 (57:21):
Well, the doctors brief the Vatican public relations offers and
they issue the statement once the doctors have given them
the words, which are highly technical usually and that can
create a lot of confusion among the journalists. But it
sounds like he's stable, although critical. I think that's the
way we look at it now. He also celebrated mass

(57:42):
inside his apartment today inside the Jamli Hospital in Rome.

Speaker 2 (57:46):
Okay, how much concern in Italy in general?

Speaker 20 (57:50):
A great deal of concern. I think a great deal
of concern. People think he's not going to come out
of there, and I think that's certainly not looking very
good because it's been in there for ten days and
all these different parts of his body seem to be reacting.
Now if he gets sepsis a kind of a blood infection,
that could cause some sort of shutdown in these organs

(58:11):
and that could just take him out.

Speaker 2 (58:14):
All right, No, we'll stay in touch to Joe. Appreciate
it very much. Joe McKenna, who's in Rome, listened to
the Vatican the last couple of moments. It seems ironic
that conclave has just come out, isn't it. I'm still
watching Stanley Tucci on with his Italian cooking show and
just thinking about conclave. And I'm thinking of the carn
because we'll go through that whole every time, you know,
you go through and wait for the smoke. They re

(58:34):
explain what's been going on in the Catholic Church for
one hundreds, if not thousands of years, and con what's
a conclave? And then we'll go just smoke whitch. Yeah exactly.
So anyway, we'll see what happens in the next couple
of days. Another ridden sight. If Brian Roach's report last
week wasn't enough, let's do this month, Glenn four minutes
away from it, just cos we go. If Brian Roach's

(58:58):
report wasn't good enough last week, we d that Erika
stand for Minister of Education lost her You know what,
twelve hundred and fifty teachers short this year? Is that bad?
Reasonably bad? Is that what we're expecting? Not really, we're
expecting a surplus of a thousand, So just the two
and a half thousand out and you ask yourself, of course, how.

Speaker 21 (59:17):
Is that possible because of the maths We don't know, haven't.

Speaker 2 (59:20):
Exactly No one passed the math test. And then that's
the difficulty, isn't it. The twenty twenty three Teacher Demand
and Supply Planning projection failed to account for the additional
teacher release and non content administrative time gained by teachers
in their latest collective agreement. In other words, known was awake.
They should get an email that said, namely, five things
that you did last week that were of any use
to anybody at all, and when they when they can't answer, well,

(59:44):
they put down the non contact time exactly well, sack
them sport.

Speaker 1 (59:48):
Next the News and the news Makers. The mic Hosking
Breakfast with the range Rover Villa designed to intrigue and
use togsad Ben.

Speaker 14 (01:00:00):
The two sprung Room Monday.

Speaker 2 (01:00:03):
It is no wrong.

Speaker 14 (01:00:05):
No one come out in front.

Speaker 18 (01:00:08):
Moor O marone guys, it's forty nine twenty four.

Speaker 6 (01:00:14):
It's all over one on else then and gave out foray.
The hurricanes have gone home. On the fifth of thirty,
I'm thirty four.

Speaker 13 (01:00:22):
The famous famous host the Victory and thirty years of Caprica.

Speaker 2 (01:00:27):
I think I can remember a memorable occasion the.

Speaker 6 (01:00:30):
Twenty of scene.

Speaker 1 (01:00:32):
High fives all round a demolition job in Comedia.

Speaker 13 (01:00:38):
Today, three tries for the Italian, eleven tribes for the French,
and all that to an afternoon coffee.

Speaker 1 (01:00:48):
The Monday Morning Commentary Box on the Mike Husking Breakfast
with Spears Finance, supporting Kiwi businesses with finance solutions for
over fifty years.

Speaker 2 (01:00:57):
He needed a sapement as pass sight to Andrew Sebils
with us and very very lucky to be having on
the program this morning. A rare appearance from Jason Kine,
who's turned up. Lovely to see you, Jason, good morning
now top text here Andrew Mike. Race two in the
Supercar Saturday night was superb. They're correct. Did you see

(01:01:19):
Race two on Saturday Night?

Speaker 24 (01:01:21):
No?

Speaker 6 (01:01:21):
I didn't.

Speaker 2 (01:01:21):
No, it's worth going Honestly, I know I say this
all the time, but it's worth going back and watching it.
At the end, in the last couple of laps, it
was Waters and Feenie back to back, back to back,
back to back, bump and grinding, bump and grinding, so
much so that on one corner Waters drove Feenie off
the track. Knew had gone wrong, had to redress immediately.

(01:01:44):
While they were doing that and getting themselves back on track,
the third car, Brown caught up with them, so you
got three. In the last couple of laps. On the
final corner, Waters is behind, comes around the corner, bumps
and grinds once again. Feeni gets his nose up to
the back bumper. But you're running out of track because
you're on the back straight. You think it's over because

(01:02:04):
there's not enough time left in the pace on the
car and the backstraight isn't that great until you see
what is called side draft. Do you know what side
draft is?

Speaker 6 (01:02:14):
Type of draft?

Speaker 2 (01:02:15):
Correct, So you get if you get close enough, if
you get close enough to the car next to you. No,
Jason's still there. Jason still there. He's gripped. He's gripped.
So if you get your car close enough to the
car next to you and for long enough, it will
suck you and propel you forward. And if you ever

(01:02:36):
want to see, this is physics, This is science in
the making. This is a guy who couldn't win to
save himself. Side draft suck forward, one closest finish in
supercar's history.

Speaker 5 (01:02:49):
Hmm.

Speaker 6 (01:02:51):
I can just see all these motorists on the motorway
at the moment.

Speaker 4 (01:02:56):
Yes, yes, they're trying to get sucked into the draft.

Speaker 6 (01:03:00):
Grinding.

Speaker 2 (01:03:00):
Yeah, it's bumping and grinding and sucked into the draft.
And that's why I love the love it. Anyway, you've
gotta you've gotta go watch Extinct.

Speaker 6 (01:03:07):
That was extincsive.

Speaker 2 (01:03:09):
So I just like I like to paint. I like
to paint the picture.

Speaker 4 (01:03:12):
I know it's popular, the supercas, but with no apart
from Matthew Payne, with no real key we front runners,
there's interest. Wayne here a little bit.

Speaker 2 (01:03:24):
I've got Scott McLaughlin on the program tomorrow. I'm going
to ask him there. I don't think so, because I
enjoyed watching those guys, right. I don't care that Phoene
is Australian. Couldn't kill it. Ye, yeah, you know what
I mean. It's just like great sport is great sports.
So yes, I'll watch if one for Liam Lawson, but
I'll also enjoy Max for staff and when he wins
because he's a genius, you know what I mean. Anyway,
do you see the boxing Jason?

Speaker 6 (01:03:45):
I did.

Speaker 25 (01:03:46):
I did to watch the boxing. Yeah, I mean a
real shame that Dubois pulled out. I would have liked
to have seen that fight. But Coolie turned up clearly
out of shape. But he's he's a big hitter. I
saw a couple of the swings and if you're behind
one of his some punches, you're not getting back up.
But yeah, I think Joe Parker did what he had
to do six in a row. Now, you know he's

(01:04:06):
I think he's proven that you can get beaten boxing
and still come back. Well hopefully, yeah, hopefully it gets
to Boir or I know he's after I don't think
that will happen, But yeah, you got to admire him.

Speaker 2 (01:04:17):
I think there's a stitch up here Andrew that that
that Frank Warren guy who looks as dodgy as dodgy,
is a dodgy thing. So he suddenly I think.

Speaker 6 (01:04:24):
That do you even know if you even have?

Speaker 4 (01:04:26):
You even notice, mate, that all the English promoters have,
like Eastna think it's exactly they're offered guy Richie movie,
aren't they exactly?

Speaker 2 (01:04:35):
But I stitched tou Boir and you sick up and
so yeah, get left out.

Speaker 6 (01:04:40):
Well, there's a lot of suspicion about that.

Speaker 4 (01:04:42):
I wouldn't be surprised if du Boi fights Who's Sick next,
and then the winner of that surely would have to
take on Joseph Parker, massive fight, massive payday. Look all Joe.
All Joe can do is carry on beating whoever's put
in front of him. And he's done that, and I
think he will. His stocks would have risen even more
with the Saudis because he took on the coolie, dangerous

(01:05:04):
banana skin type of fight at short notice, went out there,
entertained the crowd, put on a bit of a show.
So I think the Saudis will try to make sure
that dubois ousick happens and then that Parker fights the
winner of that.

Speaker 2 (01:05:19):
Who else was left? I mean, you've got Tyson, Fury's gone,
Anthony Joshuas was.

Speaker 6 (01:05:23):
Sort of yeah, yeah, yeah.

Speaker 4 (01:05:26):
And if you look at the Independent top ten top
twenty rankings of the world, a lot of the fighters
are in their mid to late thirties and most of them.

Speaker 2 (01:05:32):
Are gone exactly Parker.

Speaker 4 (01:05:34):
Parker's thirty three, He's pretty much in his prime. I
reckon still, and now it's his chance to really make hay.

Speaker 2 (01:05:42):
How boxing was that he left the Congo via Ethiopia
to turn up in Saudi Arabia? Is it like a
graber seat? What's that about?

Speaker 4 (01:05:51):
He got in at two am and then about twenty
three hours later he's fighting in front of a global
audience and give you wait twelve round about you're gonnaunderstand
why he's looking a little bit over weight. I don't
know if there's tea rooms in the Conchastit Airporter ads
Abam Airport.

Speaker 6 (01:06:12):
It looked like you had a pretty good feet.

Speaker 2 (01:06:14):
On the Coru lounge at Conchas brief break more of
the moment Jason Pine Andrew Seville with us The Team Past.

Speaker 1 (01:06:20):
Eight The Mike Husking Breakfast Full Show podcast on iHeartRadio
powered by News Talks it B.

Speaker 2 (01:06:28):
News Talks A sixteen past eight.

Speaker 1 (01:06:38):
The Monday Morning Commentary barks on the Mike Husking Breakfast
with Spears Finance, supporting Kiwi businesses with finance solutions for
over fifty years.

Speaker 2 (01:06:47):
Coun't get good help, Jason Pine and Andrew Seville with us. Jason,
do you regret supporting the Phoenix?

Speaker 25 (01:06:54):
No? No, you must ride the ups and downs of
sporting fandom as you know't Mike, but you cannot deny
the juggernaut that is Auckland FC.

Speaker 6 (01:07:02):
We need to get you along to a game, Mike.

Speaker 25 (01:07:04):
I know you're not the biggest football fan in the world,
but I can see you in the port jumping with
those fans and blue and black.

Speaker 2 (01:07:11):
No, no, I can't, I can't, Jason. What happened yesterday
was that sheer performance. In other words, Auckland are a
vastly superior side to the Phoenix or the Phoenix mentally
cracked commination.

Speaker 25 (01:07:23):
I think Auckland FC are the best team now in
the league.

Speaker 6 (01:07:26):
It's theirs to lose.

Speaker 25 (01:07:27):
Now they've got a terrific squad coached well, high on confidence,
all of that sort of thing. Wellington Phoenix, look, I
think are in a low point and it's such a
shame after what they did last year, making it all
the way to within one game of the Grand Final.
But they just haven't replaced the quality that they lost
from last year squad. And yeah, it's going to take
take something special to get them out of the rut

(01:07:48):
that they're in. I don't think I'll play finals this
year and overhaul probably needed of their squad, but yet
they were just no match for a rampant, rampant Auckland
FC team On Saturday, Sir Mike was in the crowd
perb again.

Speaker 2 (01:08:01):
The atmosphere is unmatched you. I mean, I look at
any of the rugby games and I know they got
excited in Dneed and they get all of that, but
that atmosphere nothing touched that atmosphere at go Media Stadium.

Speaker 4 (01:08:13):
The probably the problem for Dunedin, Mike is that the
Highlanders are playing some darn good rugby and that was
a gutsy win. But there's a whole grand stand empty. Yeah,
they're only filling maybe.

Speaker 2 (01:08:23):
Three total it's it's the malaise that is rugby at
the moment. That guy.

Speaker 4 (01:08:28):
I think the crowd in Napier was good for the
Canes game, Chiefs crowd against the Crusaders pretty good. But
some of those Australian A League teams must be looking
at those pictures coming off the TV from Aukam dev
Sea going how on earth happened here?

Speaker 6 (01:08:43):
The best crowds in the whole.

Speaker 2 (01:08:44):
League exactly what they've done, what Bill Foley has done,
is you know, just amazing. That little guy Andrew is
Finlay whatever his name is, the Fallba. Yeah, how is
he over five foot five?

Speaker 4 (01:08:59):
I'm have you ever yes kicking out?

Speaker 6 (01:09:03):
Have you ever heard the term glass house and throwing stone?

Speaker 2 (01:09:06):
Well, I mean I am play fullback for the Highlanders.

Speaker 6 (01:09:08):
Mate, I think he's about five to nine.

Speaker 2 (01:09:10):
Bollocks, he's a meet of seventy five. That's how till
I am. I went to the doctor last week. I'm
a meter of seventy nine.

Speaker 6 (01:09:18):
Hey are you shrinking? You're not a meter seventy nine.

Speaker 2 (01:09:22):
I'm a meter seventy nine. What the doctor said, I'm
a meter seventy nine fifty? What you're a meter fifty?
Did you round the middle of what are you talking about?

Speaker 6 (01:09:32):
Did you have your flesh London heels on?

Speaker 2 (01:09:34):
No, you said. The guy pulled the thing down on
my head and he said, you're at one seventy nine.
He said, does that sound a bit rice? That sounds
about right to me? Doctor?

Speaker 21 (01:09:41):
Who am I right?

Speaker 23 (01:09:42):
Head of the doctor?

Speaker 6 (01:09:43):
Did you have your pants still on?

Speaker 2 (01:09:46):
From a pants back on? He said, there's no need
to just take your pants off, mister hostin.

Speaker 6 (01:09:52):
Now I want to with your pants on? Do you
have to ask me twice? Miss asking?

Speaker 4 (01:10:06):
You don't need to take your pants off for this one.
So the reason I look, look Finn newly brilliant, a
breakout game for him, littlew and a lot like Damien McKenzie,
all also from South and who again had a great
game for the Chiefs the night earlier. Look, clearly Jamie

(01:10:28):
Joseph is having a major influence on this Highlanders team.
The grit determination they were praying with thirteen men against
an all black Laiden Blues team. There's no way they
should have won that game. So I thought it was
a superb game to watch, but the Highlanders deserve a
big pat on the back.

Speaker 2 (01:10:42):
My assessment, did you see any of the rugby. Jason,
you're still too wrapped up in the football.

Speaker 6 (01:10:47):
No, I watched pretty much every game.

Speaker 2 (01:10:48):
The I thought the Crusaders were okay, It's just the
Chiefs were very very very good.

Speaker 6 (01:10:55):
Chiefs are terrific.

Speaker 2 (01:10:55):
Ye.

Speaker 6 (01:10:55):
They're a good, very very good team.

Speaker 25 (01:10:57):
Yeah. And look, I mean Clay McMillan keeps them grounded.
And they were the best team two years ago, made
the final loss of the Crusades, probably second best team.
Last year made the final loss of the Blues. They
look to me to be the best team this season.
Small sample size two games in, but I think they'll
go deep, deep again and I would love to see
them win one. I think it's almost like it's their time.

(01:11:17):
Just a word on the Highlander. Is Timothy Tava Tava Nahwai.
What a player he has become. I thought it was
an outside back. He's clearly a midfielder. He's held off
playing for Fiji. Scott Robinson has to have a look
at that bloke.

Speaker 4 (01:11:29):
No, hey, Mike, you look at the look at the
Chiefs and they're all blacks. Have comeback fizzing. Look at
the Blues and they're all blacks. Look jaded they look.
Maybe there's something going on there. I don't know, maybe
a couple of injury niggles, but just the difference between
the Chiefs all Blacks and the Blues all Blacks, as
are concerned.

Speaker 6 (01:11:45):
The other interesting point for me entertaining.

Speaker 4 (01:11:48):
Rugby some great tries of being scored in his eye
catching stuff. But I think teams are going to run
out of players. So many head injury assessments, so many
injuries going around. This is going to be a true
battle of attrition right through to.

Speaker 2 (01:12:01):
The points real quick, because I'm up against it. The
Warriors this weekend in Vegas, they're selling the New Zealand
Warriors twenty twenty five team NFL helmet signed four grand?

Speaker 6 (01:12:18):
Are you buying? Are you busy?

Speaker 2 (01:12:20):
It's the stupidest thing in the history of stupid things.
Why would you try and promote league with an NFL helmet?

Speaker 6 (01:12:28):
Were something different?

Speaker 14 (01:12:31):
Is it four grand?

Speaker 6 (01:12:33):
Four grandour?

Speaker 2 (01:12:34):
No, it's playing four grand. That's the point, Jason.

Speaker 6 (01:12:38):
Warriors merchandise goes off, Mike.

Speaker 4 (01:12:40):
You know that's someone to buy one. Someone will buy
some someone to buy something. Hey, just on the doctor,
how did everything else go?

Speaker 2 (01:12:46):
You're right, mate, I don't want to talk about it
because my wife says, shut up, you're showing off. And
it gives you a small clue.

Speaker 4 (01:12:56):
He peered over his glasses and he said, Mike, you
have a body of a nine year old.

Speaker 6 (01:13:00):
Well done.

Speaker 2 (01:13:01):
The word bionic was used. Got to go. Nice to
see you. Jason Pine and Andrew Seval eight twenty two.

Speaker 1 (01:13:11):
The Mike Hosking Breakfast with the Range Rover Villa News
togs dead.

Speaker 2 (01:13:15):
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doctor used the word bionic? Very good question. Modesty prevents

(01:14:18):
me from revealing all the details I've said.

Speaker 21 (01:14:20):
That he meant that you needed some kind of mechanical intervention.

Speaker 2 (01:14:23):
Could be that Miles is on his way to Washington
to try and convince the Americans that tariffs are not necessary.
Interesting developments. Yesterday Elbow was handing out money like there
was no tomorrow, eight and a half billion dollars on
health reformers. Watching the press conference, I how do you
do this with a straight face?

Speaker 16 (01:14:40):
Mate?

Speaker 2 (01:14:40):
Anyway, it hasn't helped them because the poll out this morning.
It is a shocker. This and more with Steve Price
across the Tasman after the News, which is next the
News toorgs dB.

Speaker 1 (01:14:50):
The only report you need to start your day, the
my costing breakfast with Bailey's real Estate finding the buyers
others can't use togs.

Speaker 2 (01:14:59):
Head b the police this morning. They filed over three
thousand charges against gang members since the introduction of the
Gangs Act late in November. Other fun facts from them
seventy six patches see three hundred and sixteen additional Insignea
items sees three hundred and thirty seven Insignia breech charges
under the Gangs Act. Three thousand and thirty seven other
charges against gang members. That's your drugs, your firearms, serious offenses,

(01:15:21):
sixty seven firearms seized from the gang members, nineteen hundred
and fifty four search warrants, one thousand and sixty nine
warrantless searches, one hundred and seven thousand and seventy three
chargers believe it, seven hundred and fifty seven firearms seas.
So the crackdown is on and the police are busy.
Twenty three to nine paskingg Right, Oh, let's go to

(01:15:42):
Australia's sea price is whether Stephen A very good morning
to you morning.

Speaker 23 (01:15:47):
Apologies. I'm on the way to the airport, so I'm
in the car.

Speaker 2 (01:15:49):
No, no worries it all. I don't know if you've
seen the poll this morning in the Sydney Morning Herald,
but it is a shocker, a ten point two party
preferred gap and I'm assuming that must have been played
out put Dutton and the driver's sea, wouldn't it?

Speaker 6 (01:16:07):
It would?

Speaker 23 (01:16:07):
And the Polster resolve is that poll and the interpretation
of it is by the city boy held reporter's reporter.
That would mean that the election would be later rather
than sooner. But I just don't wear that because a
number of things have happened across the weekend and Friday
that would indicate to me we're not going to have

(01:16:28):
a budget and we'll probably go to the poles on
April five or twelve. But Labor would be looking at
that pole and thinking you might get out of this problem.
And maybe that's got something to do with that announcement
on the weekend where bulk billing is going to have
another eight and a half billion dollars thrown at it.
And Peter Dutton immediately comes back and says, oh, see

(01:16:49):
your eight and a half and top it up with
nine billion. This is for bolk billings so you can
go to the doctor for free, and everyone this morning
saying we'll hang on a minute. Where's the money coming from?

Speaker 2 (01:17:00):
Yeah, well that's not a bad question, Steve. Where is
the money coming from?

Speaker 23 (01:17:05):
Well you can only presume that once the election's won
by either Labor or the Coalition, But at some point
the medicare Levey's going to have to go up because
that's a huge amount of money. I mean, it's spread
over between now and twenty thirty won't kick in until
November this year. Peter Dutton has said, well, part of

(01:17:26):
the way we're going to pay for it is we're
going to crack down hard on yours and my favorite topic,
the NDS, so that people can't be claiming to go
to strip joints to fix up their mental health. So
that might be one way to get some of it back,
but it's a huge dent in what's already a budget
that's going to definitely be in deficit.

Speaker 2 (01:17:45):
Who actually in this bulk billing you refer to, we
have limited in this country going to be a high
user and all that sort of stuff. Who with the
Saint and half nine billion dollars gets does basically everyone
get to go no matter who you are, how wealthy
you are, you get to go free.

Speaker 23 (01:18:00):
And so you know what they do is that there'll
be a twelve and a half percent addition to the
GPS themselves to encourage them. That'll be a fee that
they will get back from the government or from the
taxpayers to encourage them to be bulk billing doctors. But
it is quite remarkable that you can go along. I mean,

(01:18:22):
your consultations are limited in terms of time. You can
basically go to the doctor in this country for nothing.
If you're a.

Speaker 2 (01:18:28):
Millionaire, that's ridiculous. And further, well, what happens here is
they give them X number of dollars. But what then
happens does the doctors go, oh, I can't do it
for that amount of money, So we'll have to put
a search charge on All of a sudden, you're paying
sixty bucks to go to the doctor.

Speaker 23 (01:18:42):
Yeah, we call it the gap fee, and the GPS,
indeed yesterday said, look a good idea, but most of
us still are not going to be able to make
our practice profitable on that level of money, and so
we probably won't do it. But a lot of them
will do it, and people will search out clinics that
have got no gap free medical trip.

Speaker 2 (01:19:03):
Well these citizenships, so you go to the citizenship ceremony,
of which there seemed to be a lot of them.
And one of the things they do at the citizenship
ceremony is go hey, guys, one of the great things
about being an Australian is you can vote now. Is
I would say that's one of them. You know that's legit?
Or is it?

Speaker 15 (01:19:21):
So?

Speaker 2 (01:19:21):
Is this a scandal or is this legit?

Speaker 23 (01:19:24):
Its industrial sized vote rigging by labor. I can't put
it any more bluntly. And they're trying to stack seats
in Western Sydney. You explained to me how at Homebush
Stadium last Friday, and it went on again on Saturday
and Sunday. You can put through six and a half
thousand new citizens to Australia in three days and it's

(01:19:46):
going to be twelve and a half thousand before the election.
You have to have your passport, well your citizenship a
week before you can actually vote in an election. And
Tony Burt turned up there. He never goes to these things,
is the Home Affairs Minister, And up on the big
screen was the Australian Electric Commission giving advice on how

(01:20:07):
you can go and vote. I mean, it's unbelievable and
Laver seems to think they can just get away with
this and no one's going to be critical of it.
It is very clearly an attempt to win seats of
margins they hold by five percent or less in Western Sydney.
Nothing was sure than that.

Speaker 2 (01:20:25):
When your plane takes off today, will you be able
to see the Chinese warships?

Speaker 12 (01:20:31):
Well?

Speaker 23 (01:20:31):
If I would love to be coming to Auckland again,
because you know how much I loved it when I
was there ever summer. But no, I'm going west. I'm
going to my old hometown of Adelaide. They say we're overreacting.
We do live firing in the South China Sea. They say,
settle down, We're not doing anything you don't do. I
think the only problem with that is I think they

(01:20:51):
didn't tell us very quickly that they're about to use
live ammunition. That's why those flights were diverted on Friday.

Speaker 2 (01:20:58):
I know that Jim Chalmers the Tree is heading to
Washington as we speak with as tariffs. Does he he stand?
Do they believe they can twist Trump's arm or not.

Speaker 23 (01:21:08):
Ah, it's more probably to be seen to be doing
something rather than actually twisting his arm. I mean the
ambassadors Kevin rud who you know, insulted Donald Trump up
and down all over the place for many years. So
I don't know that our relationships with Trump are great.
They may be okay with other Republicans within the within

(01:21:28):
the Trump administration, but I wouldn't be that hopeful.

Speaker 2 (01:21:32):
All Right, might fly well, talk to you Wednesday. Appreciate
it very much. The Price Out of Australia on his
way to the airport seventeen minutes away from.

Speaker 17 (01:21:38):
Nine International correspondence with ends an eye insurance, peace of
mind for New Zealand business.

Speaker 1 (01:21:48):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (01:21:53):
That'd be thirteen away from nine. Not since I referenced
this earlier, but to look it up. If you interested
in the Chinese mcryan military leader and strategy, is probably
time we got them back on the program. Not since
the Japanese attacks on Newcastle and inside Sydney Harbour over
the period of May thirty won through June Eate nineteen
forty two, has this nation faced the prospect of an

(01:22:13):
aggressive threat against our shores. Now shipping such as the
one we've witnessed in the past twenty four hours. It
is the most brazen deployment of the People's Liberation Army
Navy into waters adjacent to Australia. The most obvious reason
is to point out that if Australia conducts freedom of
navigation exercises off the Chinese coast, China can and will reciprocate.
But unlike China, Australia doesn't have a nine dot line

(01:22:35):
beyond the twelve mile limit where it seeks to deny
international maritime traffic. China does, and this is very significant
difference between these activities. Another reason to normalize Chinese military
activity in our region. Their security arrangement with the Solomons
was calculated to improve access by Chinese military and commercial
entities and extend Chinese influence. The Chinese will probably now
normalize these kinds of naval deployments around Australia. To constantly

(01:22:57):
demonstrate how vulnerable we are to matur time interference of
trade and the inflow of fuel and other critical supplies
no longer made here, which is an interesting comment. Our
thoughts on Kerry's program with the Prime Minister on Friday.
He's suggesting, I don't know whether he's making it up
as he goes along, and I'm going to check tomorrow
building our own refinery and you go, but we had

(01:23:18):
a refinery, Oh yes we did, but they filled it
with concrete in a move that you really now look
at and go, did you need to do that or
was that a bit deliberate? Anyway? As it continues, will
also be designed to make the Australian Defense Force reassess
its force posture. Chinese want to force Australia to keep
it chips closer to home, a rehearsal for the kind

(01:23:38):
of South seas operations they might conduct. A bottle up
the Australian Navy in home waters, so it cannot help Taiwan,
Japan or America in any Northwest Asian security crisis. This
Chinese operation fundamentally changes keywords, fundamentally changes Australia's security outlook.
We're dealing with an aggressive, irresponsible PLA that so far

(01:24:01):
Australia showed little capacity or willingness to deter now with
them live firing off Australia's coast might this be the
shock our politicians need to fund the ready lethal and
large adf We need to count twenty first century authoritarianism.
And if that applies to them, surely it applies to
us as well.

Speaker 1 (01:24:21):
Ten to nine The Mike Asking Breakfast with Bailey's Real
Estate News togs.

Speaker 2 (01:24:27):
They another piece of very good reading from Greg Smith.
How very own Gregsmith at Devin Funds we got in
the Herald yesterday why New Zealand should consider more asset sales.
I don't know. My sense of it is, my gut
sense of it is that I just don't think David
Seymour will be cheering him on. Of course, I just
don't get the sense that there's enough there to sell.

(01:24:48):
He argues, in a fairly comprehensive sort of peace, that
there's a lot of money there to be raised. He
reckons you should sell the remaining shares in Electrius, So Meridian, Mercury, Genesis,
flick those. He reckons, that's fifteen billion transpower. Do you

(01:25:08):
privatize a monopoly? And what happens when that goes bust?
Now here's the counter He offers counter arguments. In there,
he offers examples of good successful operations and sales, Royal Mail, Medibank,
private Snowy Hydro in Australia, Ports of Melbourne, Queensland motorways.
So there's plenty of good examples. But I can counter

(01:25:31):
ask the people, the good people in Britain at the
moment who get their water from Thameswater, who are about
to go under and we'll probably need some sort of
bailout from the government, whether that privatization was a good idea.
Ask the people in South Australia at Whala, whether the
billionaire who rolled into town and said I'm going to
make lots of steel and make you lots of money,
the government bailout that's just going on there, whether that
privatization was a good idea. He counter argues with the

(01:25:54):
it's all how you sell it routine. So in other words,
you don't just flick it off like we flicked off
KiwiRail all those years ago. You do it properly and
you can safeguard yourself. I'm not one hundred percent convinced
there's the appetite in this country or enough of this
sort of He says, port of Towering a very good
example of someone that got flicked off and publicly listed
in as going gangbusters. Yep, good point, and then he says,

(01:26:15):
also look at Port of Auckland councilone complete basket case.
Good point. So anyway, it's well worth reading from Donald
Trump this morning, just moments ago. Looks like the Conservative
Party in Germany has one very big the very big
and highly anticipated election. Well have they? Much like the USA,
the people of Germany got tired of the no common

(01:26:35):
sense agenda, especially on energy and immigration, that has prevailed
for so many years. This is a great day for
Germany and for the United States of America under the
leadership of a gentleman named Donald J. Trump. Congratulations to all.
Many more victories to follow.

Speaker 21 (01:26:47):
Well, So Trump won the German election.

Speaker 2 (01:26:51):
And not only did he not win the German election,
the people he's referring to, the AfD, he didn't win
it either, So that's kind of stupid. And not only
didn't they win it, they came second. And they're not
going to be in the government. So does coming second
and not having any control over the country equal a victory?

(01:27:11):
I wouldn't have thought so. Five minutes away.

Speaker 1 (01:27:13):
From nine trending now quit chemist Warehouse, the real House
of Vitamins.

Speaker 2 (01:27:19):
Although if he's talking generally about a move to the right,
he probably is. But then I've always seen them as
a center right sort of country. Anyway, Merkle blew it
with a one million people and they all went nuts,
and a vot for somebody else actually, speaking of you.

Speaker 1 (01:27:31):
Trending now quick chemist warehouse, the real house of vitamins.

Speaker 2 (01:27:36):
Just drifted slightly there. Italy France six nations. If you
hadn't heard the score, seventy three twenty four, Italy are
not that good at rugby. But then again, France normally
aren't that good. Fans agreed that Italy, though won the anthem.
Now there's a bit of a blip at the start
of the French one. She never got back after that.

Speaker 24 (01:27:50):
Could she listened all in my cause and all no no,

(01:28:11):
If you missed that she was you have to wait
a lot, quite a long time for it to start.

Speaker 21 (01:28:15):
And then her dress also, you might not have been
able to hear the music over the sound of her dress.
She got loud dress, very loud, very loud dress.

Speaker 2 (01:28:24):
Large and loudry. Yeah yeah, yeah, how old is he
listened to this?

Speaker 21 (01:28:28):
Because normally it's agreed this is the best anthem going
couldn't agree more.

Speaker 2 (01:28:32):
And it's dragging, she's not. I think she's getting a
little bit of delay in an earpiece, and her dress
is loud, and things hadn't gone in the way she
expected him to. I s haven't said that. That's not bad.
It wasn't as bad as I was expecting. Then then
along came the Italians. No crowds you do it here,
No crowds you do.

Speaker 12 (01:29:06):
That.

Speaker 21 (01:29:06):
The add of tune singing is the team. They were
rarely going for it.

Speaker 2 (01:29:10):
Well most of them are, to tell you, of course,
I don't think I will. It's like most international sides
these days. What's his name? Bunty who plays to the Irish?
Bunty arc? Hoy? Is it our boy? Oh ikey Bunky
and Bunty ark Just true anyway. Scott mcglopplin is with

(01:29:33):
us tomorrow on the program after right till We'll look
forward to that as the the latest season underway. Anyway,
as always, Happy Days.

Speaker 1 (01:29:41):
For more from the Mic Asking Breakfast, listen live to
news talks. It'd be from six a m. Week days,
or follow the podcast on iHeartRadio.