Full Show Podcast: 26 July 2024

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Demanding the answers from the decision makers. The My Hosking
Breakfast with Alveda, Retirement, Communities, Life Your Way, News Talks,
hed Been Ollie.

Speaker 2 (00:10):
And welcome today we meet. One of our flag bearers
are the Government of moving Go over to in the
caudab A keel On customary title for for Sure. We've
got an update on the infant formula scrap. There's a
Sandwich ord fight in Nelson. Timccady do the which McCann's
doing the States for us this morning along with Murray
Olds in Australia.

Speaker 3 (00:26):
Pasky.

Speaker 2 (00:27):
Welcome to the day, seven past six. At the end
of the week, ass and Sunday the government's much debated
military academy for young offenders will be underway. They're probably
the headline aspect I'm thinking of this weird overall scrap
we seem to be having post the election around ideas
that are to be enacted and yet don't have a
level of acceptance from the opponents, despite the fact that
what those opponents propose and support doesn't and hasn't worked.

(00:50):
Crime and its offenders fits neatly into the category of
issues that we face where we can all agree there's
a major problem. Stats are indisputable. So the idea is that,
in part, if you take the most recidivist of those operators,
put them in some kind of environment and try and
turn their lives around, you might well be making a
decent sort of dent in said problem. The soft approach
the Huggathon of the past six years has been an

(01:12):
abject failure, and yet those who loved the Huggathon cannot
bring themselves to believe that trying something new might just
might help. There was another sneering piece on TV three
the other night in which yet again they rounded up
the same tired old favorite to run the line that
this has been tried before and it didn't work. They
even went as far as to find a bloke who'd
been sent to one of these camps decades ago and

(01:34):
was abused, completely missing the possibility that in the ensuing
decades the world might just have moved on a little
bit and what we did in the sixties and seventies
might just look slightly different now. Are there is none
so blind as those who will not see are? This
not to say the academies will be a hit or
a revelation. They might, they might not But like a
lot of ideas in life, execution is the key simply

(01:55):
bagging an idea, ignoring its modern subtleties as lazy debate
in its lazy journalism. Just for a minute, what if
it works? Eh? What if it helps? What if all
the hand ringers are actually wrong? And that is how
you solve issues. You don't solve them by doing the
same thing you know as failed. You try something different,
You shake it up. Time will tell, of course. But
given we all know the state of crime and the

(02:16):
kids who perpetrate it, how about we pause long enough
to just let them give it a crack.

Speaker 3 (02:23):
News of the world in ninety seconds, having.

Speaker 2 (02:25):
Watched Joe Wheeze's way through the farewell speech yesterday, Carmel's
back out wowing America.

Speaker 4 (02:30):
While you teach students about our nation's past, these extremists
attack the freedom to learn and acknowledge our nation's true
and full history.

Speaker 2 (02:43):
JD. You meantimes proving he ain't shy of racking up
the left.

Speaker 5 (02:46):
We're effectively run in this country via the Democrats, via
our corporate oligarchs, by a bunch of childless cat ladies
who are miserable at their own lives and the choices
that they've made.

Speaker 2 (02:58):
Jennifer Aniston is not happy. Then we come to Britain,
where things are ugly in Manchester and the important office
has been removed from duty after a video emerged of
him kicking a man on the grounds. Is the victim's lawyer.

Speaker 6 (03:09):
His medical condition has worsened since last night. A citiscan
has revealed there is assist on his brain, so please
pray for his well being.

Speaker 2 (03:22):
Are the mayor's waden There are issues for both sides
in the situation.

Speaker 3 (03:28):
That said, and here's where it wants to be really clear.
It is right that the officer has been suspended.

Speaker 2 (03:35):
Then we come to the national justice problem, which is
too many people, not enough jails.

Speaker 7 (03:39):
The courts would have to stop holding trials. The police
would be unable to make arrest, with criminals free to act.
With that consequence, the public will be put at risk
if we do not act now. This nightmare will become
reality by September.

Speaker 2 (03:54):
When they say act. Labour's policy, of course is to
let people out of jail. Lily then across to Paris,
with the Mayor once again singing lyrical about the clear
blue wonderfulness that is the.

Speaker 3 (04:03):
Sein cleaning is the same is cleaning our life clean.
The scene is.

Speaker 2 (04:11):
For our generation and next generation. What uh Finally, new
detail on the non human corpses in Peru. Earlier on
this year, we told you that the corpses were dug
up seventy years ago. They had three fingers. Yeh o,
three finger corps. The examinations revealed they're not human. What

(04:31):
human fingerprints have got three basic patterns. They're either a
loop of whirl or an arch and the three fingered
Maria they called them Maria. Don't ask me why got
diagonal groove. So the new scientists have been called in
to see if that's just the way the body was
preserved or something else. GPAs come in in America are

(04:52):
two point eight percent. They thought it would be two
point one. This is good news. America's on a roll.
More shortly twelve past.

Speaker 3 (04:57):
Six cone my cost rest, Mike.

Speaker 2 (05:01):
The Peruvian three finger corpuses are clearly aliens. Ever been
to Matripetia. Very good point. George Lazenbe's announced overnight, by
the way, he's retiring from acting, not that I have
seen him act for a sustained period of time. Sixty
nine on a Majesty's secret service. Of course, as of today,
I won't be doing any more acting or making public appearances,
doing any more interviews, or signing any more autographs. Getting

(05:22):
older is no fun. He's a down buzzes and he
fifteen past six this Friday morning, Andrew colorh good morning,
main plate, the old AGM. What they have to say.

Speaker 8 (05:34):
Interesting at you.

Speaker 9 (05:35):
I just want to take a little step back because
it's been quite a month for the NSID X fifty.
It's lifted just under six percent so far in July,
and we haven't seen a lift of that size for
some time. That it has occurred in the face of
what has been a fairly steady stream of fairly awful
economic data. And it sort of highlights the difference s
Mike between these sort of micro and macroeconomic themes and

(05:57):
then financial markets, because financial markets are four looking, so
we've got this underlying tension and play at the moment.
So the share market has lifted thanks in part to
opportunistic plays for companies with depressed share prices. So I've
got this opportunistic capital coming out. But the domestic economic
milieure is so bad that markets are now getting way

(06:19):
more comfortable that the Central Bank will feel more confident
bringing forward monetary policy relief and simple terms, by the
economic data is horrible, it's GFC horrible. So you've got
companies operating in that environment. But the share market is
now looking sort of forward to better times. And that's
the context in which Name Fate held their annual shareholder
meeting yesterday. Subsequently saw the share price come under a

(06:41):
fair bit of pressure as the material presented was sort
of digested.

Speaker 8 (06:45):
I'll make a couple of points.

Speaker 9 (06:46):
The share price fell about eight percent yesterday, but in
recent weeks it has lifted quite sharply, So the fall
after the meeting yesterday is really just part and parcel
of that short term market volatility we're seeing at the
The material presented confirmed that it's a tough operating environment
for Mainfrad at the moment, not just in New Zealand.

(07:07):
But look, this company is always consistent about emphasizing the
medium term and the long term nature not only if
their business, but of their strategy and their decision making.
There was one very interesting, very direct comment Mike regarding
Kiwi Rail and I'll read you this and said it
is regretful, if not appalling in New Zealand, where Mainfred

(07:28):
is the fourth largest custom of Kerry Rail, that we
are not included in the group making decisions for the
future of the Cooks straight rail ferry services.

Speaker 8 (07:37):
You couldn't be more direct than that, could you.

Speaker 9 (07:40):
Our current trading environment updates shows that they are at
the moment so this is for.

Speaker 8 (07:44):
The first few weeks of the new year.

Speaker 9 (07:46):
They're increasing their revenue, but profitability is under pressure despite that.

Speaker 8 (07:51):
Increase in revenue.

Speaker 9 (07:52):
So the challenge they've got right now in the short
term is managing their margins and their overheads. But yeah,
there was a slightly negative market reaction yesterday.

Speaker 3 (08:00):
Right o.

Speaker 2 (08:00):
JUDP was a good number on the stage. What else
are they telling survery night and reporting season.

Speaker 9 (08:05):
Yeah, we sort of need to cast an eye there
because after we spoke yesterday, we talked about Tesla, we
talked about Alphabet and following our talk, the US share
market sort of kept falling in. Google fell five percent
in the end, has steadied. Last night, Tesla fell over
twelve percent, but last night's bounced back just under four percent,
So hundreds of billions of dollars of value were wiped off.

(08:26):
You know, the Magnificent seven stops the na's that fall
three percent. It has bounced back overnight. The night points
six percent up. Wednesday night was the biggest tax sale
off we seen since the tail end of twenty twenty two.
So you've now got this talk of investor rotation over there.
By that, I mean investors are sort of cashing in
on the big gains that they'll be made in anything

(08:47):
related to AI and the Magnificent seven, and they're now
looking for companies that may have actually benefit from lower
interest rates. So you're actually it's not just the Magnificent
seven being sold. You're seeing BROADCLM Advanced micro devices earning
seasons is still sort of taking some prisoners.

Speaker 8 (09:03):
Ford last night rite down.

Speaker 9 (09:06):
Yes, seventeen percent reported mixed second quarter results. They increased
the revenue, but the earnings for share lower than expected.

Speaker 8 (09:13):
And you will not be surprised to hear.

Speaker 9 (09:15):
This mic, but the Americans still loving the Ford F
one fifties, so their commercial units is doing very well.

Speaker 8 (09:21):
Guess what's losing money at Ford? What do you think
is losing money?

Speaker 2 (09:25):
I think it could be something to do with batteries
and plug ins.

Speaker 8 (09:28):
Yeah, you're you're right there.

Speaker 9 (09:30):
I never mean the Ford Mustang, that new Ford Mustang.
Here's a personal coming. Yeah, it's just not a Mustards.

Speaker 2 (09:37):
Just not a mus band ugly.

Speaker 8 (09:39):
Yeah.

Speaker 9 (09:40):
Anyway, Nesle is under a bit of pressure to share
price down five percent that GDP though stronger than expected
personal spending.

Speaker 8 (09:46):
Al I think you're talking about it a little bit
later on.

Speaker 2 (09:48):
And you look at the original Mustang out of the sixties, Andrew,
that was one of the great iconic designs of my
conicy exactly. Yes, get the top down, the four speed
manual and then you go fast forward to the eMac.
Someone should be shot.

Speaker 9 (10:04):
Now, I've always wanted one of those Mustangs, Mike always.

Speaker 2 (10:07):
That's life. Sure, go buy one today. So much thing.
What's the what are the numbers?

Speaker 3 (10:13):
Yeah?

Speaker 9 (10:14):
So dal Jones's bounce three hundred and sixty one points,
it's forty two hundred and fifteen.

Speaker 8 (10:18):
That's point nine percent. The S and P five hundred
is up half a percent.

Speaker 9 (10:21):
Five four five five, And as I said, the Nasdaq
has bounced, although the degree of the bounce is falling.
It's now only up point three percent. Seventeen thousand, three
hundred and ninety four. The FORTS one hundred was up
eight one eighty six. The Nikke had a bit of
a shocker followed on from US markets and fell one
thousand to two hundred and eighty five points. That's over
three percent thirty seven thousand, eight hundred and sixty nine

(10:43):
check I comp sit down fifteen to eight eight six.
The A six two hundred yesterday lost one hundred and
three point seven eight sixty one, and the anzidix fifty
loss over one percent twelve thousand, three hundred ninety.

Speaker 8 (10:54):
Six key we doll it is very very weak.

Speaker 9 (10:56):
Mike point five eight ninety four against the US, point
eight nine nine eight against the Ossie point five tour
to three against the europe.

Speaker 8 (11:02):
It has an eight year low against.

Speaker 9 (11:04):
The pound on per po point four five seven nine
five five. All those people in England enjoying their holiday
off ninety seven six against the Japanese yet gold istradiing
at twenty three hundred and fifty four dollars on break
croute eighty two dollars and thirty one cents.

Speaker 8 (11:22):
But the Kiwi dollar will affect the cost of.

Speaker 2 (11:25):
Oil here in Manament. They have a good weekend. I'll
see in the Mustang Monday. Andrew callaher jmowealth dot co
dot NZA, jipoplated as well. Jipotlate did well, just giving
you the numbers off the GDP of people are eating
out and IBM announced they did a very good result
as well, a bit of bit of AI in their
run to deal with six twenty one Friday Morning on
the mic Hosking breaks.

Speaker 3 (11:48):
The mic Hosking Breakfast.

Speaker 2 (11:50):
Just looking at Hasbro had a very good result as well.
I'm just interested in games. We're into games, but they
seem to be and I didn't realize they're into the
electronic games as well these days. Wizards of the Coasters
that do we know Wizards of the Coast, I've never
heard of it. Magic's cardgame Modern Horizons three, Monopoly Go
ballders Gate three. That's the stuff that's making money for them.
By the way, speaking of Sport in the media and

(12:12):
New Zealand, Warner Brothers Discovery, who of course operating this
particular part of the world, it's going to be interesting
to see whether they pull the lawyers out because NBA
as in the basketball and this is why sport is
so successful internationally at the moment, it is worth gobsmackingly
large amounts of money. The NBA have gone, we're going
to go with Amazon, not Warner Brothers. Warner Brothers had

(12:33):
this thing in their contract where they could match if
somebody comes along. NBA comes a long, goes, look we're
going to go with Amazon. Warner Brothers can come along,
go look, we'll match it. They've said they'll match it.
But Amazon have said no and NBA have said no.
So it'll be interesting to see where that goes. Anyway,
it's an eleven year deal, seventy seven billion. This is
US dollars, seventy seven billion dollars for the rights to basketball.

(12:57):
That's where the dollars are. Six twenty five.

Speaker 1 (13:00):
Now with Chemist Wells keeping Kiwi's healthy.

Speaker 3 (13:04):
All year round.

Speaker 10 (13:05):
Right.

Speaker 2 (13:05):
Flag bearers for Paris Aaron Gate, Joe Olay it is.
We're going to talk to Aaron after seven o'clock. Is
not even in Paris, by the way, they're training in Switzerland.
We can also bring you this morning the official New
Zealand team. So this morn is so true? Six sixty
six sixt who's the other one that sounds like six

(13:27):
sixteen lab labs?

Speaker 11 (13:31):
I mean, I only said that because I knew that's
what you meant.

Speaker 12 (13:33):
I don't think that they do.

Speaker 13 (13:35):
That's what.

Speaker 2 (13:38):
Who asked you?

Speaker 11 (13:41):
You wanted to know what? Man, it's my job to
know what you're thinking.

Speaker 3 (13:45):
That's right.

Speaker 2 (13:46):
It's neither La B or six sixty at the toys
sure now along with cycling gold Hopeful Elise Andrews and
the Olympian Max Brown, who studied jazz at music School
in Wellington, that it go well at parties, wouldn't it?
What are you studying from studying jazz? How but you
it's a mixture of soul and reggae, which I think

(14:08):
that's fair. It's got a laid back, groovy Do we
still use that word? Is that a word in twenty
twenty four? Groovy, groovy modern soul tune with a touch
of classic New Zealand flavor like L and P. That's
set to inspire not only the hundreds of athletes in Paris,
but New Zealand doers are like you inspired? You're feeling
inspired this morning with this toy La B six Sixty's.

Speaker 11 (14:27):
A cool song. I'm not sure that it's anthemic.

Speaker 2 (14:30):
Correct, well done, good, good use of the word. I
was going to build up to that later on, but
you you've.

Speaker 11 (14:35):
Shot your load early, So anyway, I know what you're thinking.

Speaker 2 (14:38):
Now, Aaron Gate with Aaron Gate, where there's after seven
o'clock this morning, your.

Speaker 1 (14:45):
Trusted source for news and fews, the Mic Hosking Breakfast
with Jaguar, the Art of Performance news.

Speaker 2 (14:53):
Talks be Mike Wizard of the Coach published the Dungeons
and Dragon's role playing game, amongst others. Thank you, Tony. Monopoly,
go fantastic, Mike. You can play it online with your
kids in different places. It's a nice idea. I'll have
a look at that over the weekend. Morning, Mike, what
an astonishing amount of money for broadcasting NBA games for
eleven years here it is seventy seven, so it's one

(15:14):
hundred and fifty billion New Zealand dollars. I would wagering
that time the Clippers won't win a championship. I don't know.

Speaker 8 (15:19):
I wouldn't know about the Clippers.

Speaker 2 (15:20):
What I do now is listen to Aaron Rodgers, the
footballer yesterday who said, in any given season there's eight
to eleven teams, more eight than eleven that can win
the Super Bowl NFL. This is so imagine there's thirty
two teams and you'd go in each season, knowing that
you aren't going to win. Weird business A twenty two
to seven. Rich McCann's doing the business in the States.
NTTNYA who's still there with a bunch of meetings today.

(15:41):
Carmela's back on the trail and so there's lots to
talk about meantime back here, a little bit of Bankston otargo,
over water fed farmers think information a run new freshwater
rules isn't that transparent. There are also fears it's going
to end up costing rate pars a lot of money.
The former president I Bettiga Federated farmer Simon Davies is
with us on the Simon Morning, Good morning.

Speaker 3 (16:00):
How are very well?

Speaker 2 (16:01):
You're the one who raised the alarm.

Speaker 14 (16:04):
I guess you could say that a little while ago.

Speaker 2 (16:06):
Yeah, So what's at play here? What they're trying to
do is the problem? Or you just don't know what
they're trying to do?

Speaker 14 (16:14):
Two parts to it. One, we don't really know what
they're trying to do. The last version of the plan
we saw worried us greatly, but it has gone away
and there's been but we believe the moderations, but we
don't actually know what and it's due to be released
for notification, which means it becomes law in October. And

(16:39):
we are really concerned that the general community has no
idea of the costs implications of this proposed plane.

Speaker 2 (16:50):
Where's the consultation.

Speaker 14 (16:52):
There was consultation six months ago and since then there
haven't been any and that is one of our concerns
that they're probably a major concern. And look, what we
really want to do is we want to see the
costs of this implementation laid out to bear for all
rate payers. And I mean putting it using the district councils,

(17:16):
putting it across the local newspapers, so all rate payers
know exactly what implications or what costs they are facing.

Speaker 2 (17:23):
So this is going to come out of a lot
where they're going to publish this and go, here's the bill,
here's what we're doing, and everyone's going to go, what
what happened there?

Speaker 14 (17:30):
Well, what I suspect is it's not going to be published.
The rules are going to be in place, and it's
going to be this is what you're paying.

Speaker 2 (17:39):
So you're claiming one hundred and ten million for a
couple of small towns. That's more than fifty thousand dollars
a rate payer. There's no way they're going to do that.

Speaker 14 (17:48):
It would be nice to say that, but from what
we understand, that's what the implications mean. That those numbers
we got were from one of the district councils in Targo,
and you would expect that they would have done some
numbers and have some ideas. But Joe Publics doesn't know this,
and that's one of the points I challenged the district

(18:10):
councils and the regional councils to get together and put
this stuff out into the public domain for people to
be able to make informed discussions and have informed and
make informed assume.

Speaker 2 (18:21):
When when you say councils you use the plural, are
there too many councils in bold?

Speaker 14 (18:26):
Well, it's Otago has five district councils and one regional council.

Speaker 2 (18:32):
Of course they do. That will be so it's about
a council, wouldn't it.

Speaker 14 (18:36):
Oh, that's a separate discussion that I practiced shouldn't be
getting into at this point in time.

Speaker 2 (18:43):
Let's not wind ourselves up on a Friday, Simon. I
wish you the best with us, and we'll see where
this one goes. But at fifty thousand dollars per rate payer,
there's none that's one thousand dollars a week. No one's
doing that. Simon Davis, former president at Tigo Federated Farmers,
nineteen minutes away from seven. Fox News have invited Harris
and Trump for a debate Pennsylvania. They suggest September seventeen.

(19:04):
Trump City wants to that's separate to what Fox have
done with the invite. Anchors Brett Bear Martha McCallum opened
a discussion of Fox on the exact terms of the debate, date, format, location,
and whether an in person audience would be present. From
the first debate, Biden aside it was flat as a pancake.
I would get an audience in, and I'd get a

(19:26):
bit of life into it. But we'll see where this goes, Mitchell. Shortly,
whether shortly anyway, nineteen.

Speaker 3 (19:30):
Two the Mike Hosking Breakfast now.

Speaker 2 (19:34):
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(20:15):
the vibe Vida dot co dot z is where you're
heading are Veda dot co dot z Interesting insights speaking
of farmers and freed farmers and all of that. The
advertise dairy farm in the Whitecattle in the Bay are plenty.
I'm reading losing eighty six thousand dollars a year. How
that comes about? Interesting? Are working through the final detailed
in a moment six forty.

Speaker 15 (20:34):
Five international correspondence with Zen Eye Insurance Peace of Mind
for New Zealand Business.

Speaker 2 (20:40):
Right Met McCann. How are you doing.

Speaker 11 (20:42):
I'm good, Mike, How are you very well?

Speaker 2 (20:44):
Indeed, I know that some didn't turn up. There's about
thirty you didn't show. But those who did love what
they heard with Netanyahu yesterday, didn't they?

Speaker 11 (20:51):
Yeah, that's right.

Speaker 16 (20:51):
There was a lot of support from the Republicans who
did show up to hear from Benjamin ditnya who today
some people called it epic, whereas the Democrats were unhappy
with it. Nancy Pelosi called it one of the worst
speeches from the foreign dignitary invited to speak to the Congress. Outside,
there was chaos in Washington, thousands of protesters, people burning

(21:11):
American flags. There was graffiti on monuments around Washington, and
there was even a burning effigy of benjaminittna Who outside
of Union Station in Washington as well. So some support
from Republicans, Democrats very unhappy that he was invited.

Speaker 2 (21:27):
So he's meeting Biden, He's meeting Harris.

Speaker 3 (21:31):
You know what I mean?

Speaker 2 (21:33):
What does he I mean? We don't know, do we?

Speaker 3 (21:35):
I mean?

Speaker 2 (21:35):
If Trump Winsy's quids and if these guys win, probably not.

Speaker 16 (21:40):
Yeah, Well, he's also meeting Trump tomorrow. It is a
tricky day of diplomacy Mike because Joe Biden and Benjaminittnia,
who have known each other for decades, but their relationship
has been fractured in the last couple of months. Biden
described Israel's actions in Gaza as over the top. He
threatened it withhold some arms transfers, and repeatedly press Dinyahoo

(22:01):
to scale back. At the meeting, which kicked off about
an hour ago, Ntnya, who thanked Biden for forty years
of friendship and fifty years of supporting Israel, it was
all smiles on camera, but I think there's probably going
to be some difficult conversations behind the scenes. He's meeting
Kamala Harris this afternoon, which is important for him because
she could be president as early as in January. But

(22:22):
he's also flying down to Marra Lago to meet with
Donald Trump tomorrow, who could also be president come January.
So it's going to be an interesting few days for him.

Speaker 2 (22:29):
I reckon, what'd you make of yesterday's speech? I mean,
he had all day to just muster up enough energy
for three or four minutes to let America have it,
and he couldn't even do that.

Speaker 16 (22:39):
Yeah, well, look, this is how Donald Trump described it
Mike as you might imagine crooked. Joe Biden's Oval office
speech was barely understandable and so bad. Even some people
that are supportive of Joe Biden said it was a
little bit incoherent. Of course, he said yesterday that his
decision not to seek reelection and nothing can come in
the way of saving democracy. He said, that's personal ambition.

(23:01):
He also described as wanting to pass the torch.

Speaker 17 (23:04):
Now.

Speaker 16 (23:05):
The reaction has been positive from Democrats and Republicans have
continued their calls, including the Speaker of the House for
him to stand down, saying that if he can't run
for re election and he governed the country for another
six months.

Speaker 2 (23:16):
Well exactly, and that's the great debate that will happen.
What's your vibe on that? Will that be at because
he didn't give a reason. He can't say it's medical,
because then they're going to get the lawyers out and
they're going to force them into some sort of retirement
or resignation. So is that going to be a debate
going forward, do you think? Or he's done and we'll
just move on.

Speaker 14 (23:34):
Yeah.

Speaker 16 (23:35):
I think they're going to turn the focus now to
Kambala Harris. And I think part of the reason that
Biden stepped down, obviously is because of that pressure within
the Democratic Party from some of those leaders. Those same
leaders aren't asking him to stand down, so the pressure
is not there, but he's The Republicans are really switching
focus now to Kamala Harris. I mean Donald Trump's been
speaking about Kamala Harris at some of his rallies as well.

(23:56):
He said she's the most incompetent and far left vice
president and and he also sees she's totally against the
Jewish people despite her husband being Jewish.

Speaker 3 (24:05):
Mate.

Speaker 2 (24:05):
Yeah, interesting, all right, make ketchup. So I appreciate it
very much much. We can out of the States. And
by the way, I was telling you earlier on this week,
it seems to tell you what a week has been.
Stunningly fast in terms of she turns up, no, we
need an open contest. You notice Obama is nowhere to
be seen because he's lost this. He's misread the room badly.
It's a guy called Read Hastings who's heavyweight at Netflix,

(24:26):
and there was a whole bunch in the tech community
who was saying, look, let's have an open vote. Let's
go to the convention. Let's not rush this, Let's not
make this look like a coronation anyway. He gave seven
million dollars yesterday because he's been turned around as well.
So it seems literally everybody has fallen into line, and
they're on track to raise one hundred million US call
it two hundred million dollars in a week for her campaign.

(24:50):
Everyone's fallen into line, seemingly, apart from Barack ten to seven.

Speaker 3 (24:55):
The make Hosking Breakfast with Bailey's real estate news Talks.

Speaker 2 (24:59):
Finally got details on the Boeing deal that was done
with the Justice Department. They're pleading guilty criminal fraud conspiracy.
They're going to pay a fine of two hundred and
forty three point six million dollars. This is the breach
of the twenty twenty one to third prosecution agreement. So
they had an agreement, then they went and breached it.
This is out of the seven three seven MAX crashes
in eighteen and nineteen. The families of the victims will

(25:21):
be able to file objections before Judge Ried O'Connor, who
will decide whether to accept the deal and to determine
if Boeing os a restitution to the families of those killed.
They've also agreed have Boeing to spend at least four
hundred and fifty five million over the next three years
to Boose safety and compliance programs. The board will have
to meet with the relatives of those killed. Seems remarkable
they haven't already, But given what we learn about boards

(25:42):
these days, you just wonder how human or in touch
any of them are within four months of sentence, and
they're going to have to do that. They also impose
an independent monitor who will have to publicly file annual
progress reports and oversea compliance. It seems extraordinary in the
sophisticated world. I use that word loosely of twenty twenty four,
that we have companies that really you'll write books about
that sort of stuff. Mike tried finishing off my shower

(26:05):
yesterday morning with the cold water. Nearly died of shop
not doing that again. I'd rather die with a smile
on my face. Jenny, Come on, it's the path to
success in life is not achieved by giving up on
day one and the cold yesterday. If it was yesterday
you did it, that was your worst day. And so

(26:26):
each day we'll get better until there will be a
day when you suddenly go, you know what, Actually that's
quite good, and you've got to get to that day.
You know, you don't run.

Speaker 11 (26:35):
East every day when you get into that nice, warm
shore and go.

Speaker 2 (26:38):
You don't run a marathon by doing five and a
half kilometers, never having run in your life, and feeling
exasperated with a pulled hammy.

Speaker 3 (26:45):
You got it.

Speaker 11 (26:46):
Who wants to run a marathon?

Speaker 2 (26:47):
You've got to ease yourself and Jenny, stick with it.
You won't regret it. Five minutes away from seven.

Speaker 3 (26:54):
Are the ouse.

Speaker 1 (26:55):
It's the Bears with business favor and take your business
productivity to the next level.

Speaker 2 (27:00):
Now, speaking of the US race is potentially good news
for the DMS. Although it's been weird this economy, the
economy is good in America and yet Biden never got
any credit for it. So it's going to be interesting
to see whether the Carmela does GDP for Q two
two point eight percent. The so called experts it would
be two point one, So she's out performing the experts
so far this year for the two quarters one point
four and two point eight. Compare those numbers to ours

(27:25):
zero need of zero point three plus zero point two.
We don't get our Q two number, by the way,
till later on this month because we can't count either.
So anyway, back to the States, consumer activity is up
two point three for both services and good spending. That's solid.
Inflation slowing as well. Personal consumption expenditure index, which is
the biggest key measure for FED, that increased two point

(27:45):
six percent, which is down from three point four. So
inflation well and truly in the band of zero to
three now, so that's good if you take out food
and energy, which the FIT focus is on even more
for the long term inflation indicators. They were at two
point nine compared with three point seven, so that's a
material drop. Personal savings rate is down not good three
and a half percent for the quarter compared with three
point eight. Their imports are up six point nine. That's

(28:08):
sort of good to the extent that means people are
buying stuff. But the downside is the exports are up
only a couple of percent. But then again, America is
a weird country because they've got so much local stuff.
You can make something in America and sell it locally
and you don't need to export, So there's a bit
of that about that. I think jobless claims. They're slowing,
but they're still considered high. Labor Department reported jobless claims

(28:29):
for the week, we're two hundred and thirty five thousand,
down ten thousand on last week, in line with what
the Dow Jones forecast. So in other words, two hundred
and thirty five thousand jobless claims out of three hundred
and something in million people. It's all in all, it's
reasonably bullish. And then you get the FED involved, to
the FED cut and they can't cut on those numbers.
There's too much life in the economy as opposed to

(28:51):
our economy where there is no life. And therefore we're
standing by, standing by, standing by, and standing by Aaron Gate.
He's been to four Olympic now and he's going to
go run around on his bicycle and he's hopefully going
to win us some tin. So we'll talk to him
about that. But he's more importantly, I suppose, for now,
being announced as one of our flag bearers this morning,
so he will join us from the Switzerland, which is

(29:12):
kind of ironic because that's where he's training, not in Paris,
but he is our flag bearer. Justice Minister Paul Goldsmith
on taking on the call of appeal as well. This
is still to come after the.

Speaker 1 (29:21):
News setting the news agenda and digging into the issues
the Mic Hosking breakfast with Bailey's real Estate doing real
estate differently since nineteen seventy three.

Speaker 2 (29:33):
News tog said, be falling seven past seven, So in
the sevens, which is just underway between US and South Africa.
South Africa's just scored sights five Neil with a conversion
to come. We'll let you know. Anyway, the Olympics aren't
even open yet because they need some flag bearers for that,
which have been announced this morning. So it is Joe
La and Aaron Gate who get the honors. Aron Gate
is with us. Good morning, Good morning to you as well,
and Warmer's congratulations. Tell us how these things work? You're

(29:55):
not even in Paris, so how does this work?

Speaker 11 (29:58):
Not quite?

Speaker 12 (29:59):
No, So it's I was lucky enough to have some
of the members, Nigel and some of the media team
shoot out to see us at our training camp and
in Switzerland where we are at the moment. And yeah,
I did some did some media stuff and ticked all
the boxes and I jump on a train first thing
tomorrow morning and shoot across to Paris for the big afternoon.

(30:20):
But yeah, just had our final final day training on
the boards here with the team of shot fellers and
we had a good session. And now it's yeah, the
sort of tapest starts now.

Speaker 2 (30:30):
So to speak, fantastic. How does it feel, Oh.

Speaker 12 (30:34):
It's it's pretty surreal. I don't think it's fully sunk
in yet. To be honest, it's not something that I
ever expected or had even thought about until it was
quite funny. One of my one of my mates, Patti Bevan,
who's also races push bikes, he was like, oh, yeah,
I was talking to a talking to Abby and we
reckon you could be the flag bearer and I was

(30:54):
say ah, sort of laughed it off. And then literally
a week later Nigel called me and out of the
blue and.

Speaker 17 (31:01):
I was like, oh.

Speaker 13 (31:03):
You interested.

Speaker 12 (31:04):
I was like, oh, I just sort of yeah. Took
a bit to sink and that's for sure. And yeah,
like I said, I still don't think it fully has good.

Speaker 2 (31:11):
Good good stuff. Having said that, how long have you
had to keep it a secret? And how hard was that?

Speaker 12 (31:16):
I was? I it has been a little while now,
but I definitely wasn't telling Mum and dad, because Mum
can't be trusted with these.

Speaker 8 (31:24):
Sort of things.

Speaker 14 (31:25):
I was doing it the other day, Sorry Mum, but.

Speaker 12 (31:30):
No, I had to discuss it with my teammates. That
was a big part of it because it did change
our leading by a few days because we don't compete
until the last week of the game, so we weren't
going to be in Paris in time. But the boys
are really supportive and I think it's it's a special
thing for our squad and for cycling in general. I
was looking back through the history box. It was nineteen

(31:51):
fifty six when we had the last track cyclist as
a flag bearer. So it's pretty cool to be able to,
you know, have that in cycling again for our board,
and not that the Olympics is just about cycling. It's yeah,
a proud moment for me to lead the whole team.
I think it's going to be a very exciting games
for us as a nation.

Speaker 2 (32:09):
Good stuff. Do you know how it's going to work
given it's on the river.

Speaker 12 (32:14):
Yeah, I've heard. I only found out recently it was
on boats, which is great for me. I'm not a
great walker, better at pedling peddling my legs, so I
just hoping I'd get to do a lot of time
sitting down and just and using the upper body to
swing that flag proudly. So I'm not one hundred per
cent sure it's going to work yet, but I'm looking
forward to the looking forward to the experience, and I'm
sure it will be spectacular.

Speaker 2 (32:36):
The knowing the French, Well, what's your I mean, you're
four times now, so it's not like this is new
to you. The flag is, but the games isn't. Is
it better to get to Paris, get in the village
and get into it as opposed to, you know, training
from outside.

Speaker 12 (32:51):
Yeah, it's a bit of It's always been a bit
of a mix for us. Like in London we had
the full experience. We had the velodrome literally on the
back door of the of the building, we were staying
in the main Olympic village, and then Rio similar again,
but Tokyo was a very different experience, not just for
us obviously with how segregated everything was, but we were
out in a little satellite village and we're kind of

(33:12):
in the same same position again. This time we're out
in the sort of a suburb on the outskirts of Paris.
Where the existing velodromer is staying and basically.

Speaker 3 (33:20):
A normal hotel.

Speaker 12 (33:21):
So it's a bit of a removed experience, which has
its pros and cons. It makes it more like just
like mentally, we go into kind of just a more
normal competition. It's you know, you don't have the big
distractions of the massive food hall and everything else that
goes with the Olympics. But unfortunately we do kind of
miss out on some of those experiences as well. But
I mean we're there to ride our bikes as fast

(33:43):
as possible, which is the first job, and this is
you know, this experience for me is just kind of
icing on the cake and one that I'm still not
taking lightly.

Speaker 17 (33:51):
That's for sure.

Speaker 3 (33:52):
Good on.

Speaker 2 (33:52):
You're going to win some metal, I definitely hope.

Speaker 12 (33:56):
So that's what we're going there to do. So yeah,
me and the boys have been training hard and putting
our best foot forward so far, so looking forward to
getting stuck in now. I think we're going fast than
we ever have, so it's all the signs are putting
in the right direction. We kind of just have to
see how fast our competitors are going now, too, All.

Speaker 2 (34:13):
Right, exactly, all right, go well, mate, congratulations again Aaron Gate,
who is Olympian number eleven forty six by the way,
along with Joe Ala who's Olympian number nine to nine
to two and multi medal winner of course out of
Europe for US this morning, twelve minutes past six, tasking,
make that twelve minutes past seven. The government is moving
on intervention as courts over customary rights to coastlines. Of

(34:34):
course they've will change the Marine and Coastal a Reier Act,
basically taking it back to what it was before the
courts got involved in the first place. Justice Minister Paul
Goldsmith is well, this very good morning to you.

Speaker 17 (34:43):
Good morning, how are you?

Speaker 18 (34:44):
How?

Speaker 2 (34:44):
I'm well? Thank you. How much of this is about
a coalition deal and how much of this is really
hand on hard about the right thing to do?

Speaker 17 (34:51):
Well, it's very much about the right thing to do helping.
What we're doing is say, be asserting that all New
Zealander is heaven interest in what happens in the postal
the marine areas. But we also recognize customary marine title
through the legislation. But Parliament always set a very high
bar for that because it does give valuable rights, It

(35:11):
gives the ability of people who have the customary marine title,
the ability to grant resource consents or not in particular
areas for things such as aquaculture. So it's valuable rights
and that goes against the normal assumption that people will
have an equals say and what goes on in their environment.
And so we set a high threshold in the legislation.

(35:33):
The courts effectively materially reduce that threshold, and that's why
we're making the unusual step of overriding the courts and
restating what we thought was quite clear. So the courts overreached, well,
we disagreed with the Court of Appeal absolutely.

Speaker 2 (35:51):
Is there too much interventionism from courts these days in general?

Speaker 14 (35:55):
Oh no, no.

Speaker 10 (35:56):
I mean.

Speaker 17 (35:58):
There's what's called a committee between the different branches of
government and I don't seek to undermine that or to
be critical of the courts in general. It's a very
unusual step, but Parliament is sovereign, it sens the laws
and in this case, we thought we set a high
test for what is a very significant move away from

(36:20):
what people would expect in terms of having their say
about what happens in the coastal areas. Therefore, we set
a high test, and we're going to make sure that
that sticks.

Speaker 2 (36:27):
When they set the lower bar. Are there practical outworkings
where things have gone wrong as a result of that decision.

Speaker 17 (36:36):
Well, it's a long, slow process. So what we've had
there have been nine cases that have been decided that
we're not going to overturn those specific cases, and the
consequences of that haven't really flown through. But ultimately, as
I say, if you have customary marine title, that group

(36:58):
does has the ability to decline resource consents in that area.
And you know just what that means. You know, there
are things that are excluded. They can't you stop existing infrastructure,
for example, But for new infrastructure there is quite a
difficult and detailed process to work your way through. And
for things such as agriculture, it's just yes or no.

(37:19):
Now that's now, that's a that's a big deal, and
that's why we set a high test before that.

Speaker 2 (37:23):
Could be govern exactly. So where does it And the
reason I ask about you you are the ultimate court
of the land, of course, but where does and the
refunding problems currently, as you're well aware where some of
the married cases going to court in the first place,
what's the point of funding married cases to go to
Court of the Governments, then going to overturn the court.
I mean, that's just go and run around circles, isn't it.

Speaker 17 (37:42):
Well, yes, but I mean we set up the system
the previous National government with the support of the Multi Party,
with that threshold that was a high threshold recognizing Maori
customer rights while protecting the legitimate interests of all New Zealanders.
We passed the law and that's the process, and unfortunately

(38:02):
it has gone awry given a decision that we think
materially reduced that and so we've got to tidy that up.
But we will continue with the process. And there will
be parts of the coastline that come under customary marine title,
and there are certainly parts around on the far East
coast where MARI has held the land along the coastline

(38:23):
since eighteen forty and that makes sense and that it
is legitimate, and that's what the purpose of the legislation is.

Speaker 2 (38:30):
All right, Good to talk to you, and a good weekend,
Paul Goldsmith, Justice Minister. Our halftime, we're down fourteen to
seven to South Africa. And given whoever that company was,
and I can't remember their name, they said, where this
is one of the gold medals, we'll need to do
something fairly good in the second half sixteen past the
host rakis my good interview with Paul. The zample evidence
the courts in New Zealand have been captured by the

(38:50):
active is left. Why should aspirational, intelligent youth choose to
live in New Zealand. It's not a bad point and
they're doing the right thing. Of course, you can't have
a system whereby one race based on race goes. Can
we have resource consent? No, that's the beginning of the
middle and the end of it doesn't work. Just quickly
back to the business. Very disturbing report from ag first
yesterday model farms. So they do this annual report and
the average farm in the way cap of bay are

(39:11):
Plenty Dairy is losing eighty six thousand dollars a year.
It's offset a little bit if you're a Fontira player
because you get a capital repayment and a dividend, but
if you're a Nonfonterira operator you're just losing money hand
over fist. So in this particular model farm, what they
did was you had what'd you have? One hundred and
thirty three hectores on average three hundred and sixty eight cows.

(39:31):
You're getting in about one hundred and thirty five thousand
CAGs milk solids, right, and you're still losing money. And
the payout that they expect it to be the same
for twenty four to twenty five. This is for twenty
three twenty four yet to be announced. Final payout for
twenty three, twenty four, seven seventy five. You can't make
money on that. They expected payout for the new season
twenty four to twenty five is eight. You can't make
money on that. So at eight dollars, I mean, it

(39:53):
wasn't so long ago. Five dollars was the cutoff point
four profit and loss. It's now eight plus a one
percent action and interest rates. And this is where Adrienne
comes in. One percent reduction and interest rates equated to
around twenty cents a kilo in reduction and debt service
and costs. So it's the debt that's killing them. And
you can't have Dairy, one of the biggest earners in
this country in foreign income, losing eighty six thousand dollars

(40:15):
this year and next year, because what sort of future
is that for Goodness Sake seven twenty.

Speaker 3 (40:20):
On my Costeel Breakfast.

Speaker 2 (40:21):
Now, did you know that more than three quarters of
pet owners here consider their pets to be family members?
Why wouldn't you? For goodness sake and dedicated to pet owners.
You know, we all love our pets, right, so pets
make us happy and in turn we want them to
be happy. And Happy Pet is a company that really
gets that special relationship. So since two thousand and six
they've been making their one hundred percent Venison pet treats,

(40:42):
and our for legged friends simply cannot get enough of them.
They're based in beautiful Wanaka. Are the business as part
of Alpine DA, founded by Sir Tim Wallace, the famous
to Tim Wallace, it's here that Happy Pet Craft. They
are wonderful range of treats and jews and supplements and
meal toppers and now these all have just one ingredient,
just the one ingredient in New Zealand Venison. Nothing's added
and nothing's taken away, which means are your pets get
the highest level of nutritional goodness and you get incredible

(41:04):
value for money. Try them treat your pets for goodness Sake,
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your favorite pet food retailer. Order liberty your door by
ordering it happy pet dot co dot zid you got
that address, Happy pet dot co dot z treat them
with happiness. Pasking fourteen seven A Minute to Go isn't

(41:26):
even open. We're losing time out to mark the weak
little piece of news and current events that's more popular
than a ten dollar Uber eats voucher from CrowdStrike Tech three.
For all that's changed, we become hopelessly reliant on a
thing we don't get and can't cope with when it
doesn't work properly. Are the All Black six? We won?
We saw some new talent. Whether it's swept America's another issue,

(41:47):
of course. The NBA nine Amazon over Warner Brothers in
a battle worth billions. Now that is how you run sport.
Biden three, I made my choices all nice words, but
it ends and really a pathetic sort of whimper, doesn't it?
Trump five two wants nobell.

Speaker 3 (42:04):
If you murder somebody, just go home and relax.

Speaker 2 (42:07):
Murder a couple of other people, take a lot of
goodwill out of Butler and blew it up. This time
last week, you remember this time last week in Milwaukee
being super uncool with the movie length wrapped, So taking
down the temperature hasn't happened. Harris seven.

Speaker 3 (42:20):
We are fighting for the future, Yeah we all these.

Speaker 2 (42:24):
I raised the money, looked energetic, stitched up the delegates,
but didn't actually move the needle in the pole. So
that's going to be a bit of a worry our health.
New Zealand six because sacking boards six six, yes, six
are because sacking the boards is action and it at
least shows you mean business. The new road north eight
actually nine, actually ten. Northland has been treated appallingly for

(42:45):
years and roads mean growth. Best decision of the week
to fast track that particular road. New Zealand Inc.

Speaker 10 (42:50):
Two.

Speaker 2 (42:51):
We stroke from trade figures this week to the retail
figures this week to the hotels that aren't full. The
amount of stuff that isn't being done is a meridian four.
Another example actually tells t why to do less. Doing
less is not a business plan. Canada and drone seven.
Story of the week is women's football. The women's football

(43:13):
team going to win a middle No, so why are
they spying? Why are they using drones? Weird? Are the
middle chances too. Wat they predict fourteen medals. Isn't that
a worry in itself? In one of those medals, which
is a gold?

Speaker 3 (43:24):
Is it over?

Speaker 2 (43:25):
We've lost? Okay, so it's thirteen medals? If one seven
like the good old days, domination over genuine intrigue, any
number of storylines, it is next level and thralling. Roger
hellam seven that's stuck in jail for sitting down on
a road and being a pratt. The extinction rebellion and
all their mates need to be taught a less and
we need more of that. And that's the week copies

(43:47):
on the website. And if you take an average of
one hundred and forty three of these, by the way,
and can press them, they turn out to be an
excellent pothole fixsking. Right, So quarter finals?

Speaker 14 (43:56):
Was it?

Speaker 2 (43:57):
Quarter finals? We're a gold medal chances quarter finals? We
lose to South Africa and so that's the end of
that for the games actually not even open and we're
losing already, and we lost the game we got spied on.
They spied on us, and we're going to lose anyway.
Come on New Zealand, Andrew hogtt he's got problems as well,

(44:18):
this this infant formula labeling thing where they try and
bland out the labels and we can't sell as much
infant formula in China. Seems he lost that argument in Australia,
so we'll get his view shortly.

Speaker 1 (44:29):
You're trusted Home the News for Entertainment's opinion and Mike
the Mike asking breakfast with a Vida, Retirement Communities, Life
your Way News togs'd be.

Speaker 2 (44:40):
Very good point we were talking off here. So you've
lost in the sevens and the games isn't even open.
Do you hang around? Do you get to hang around?
Do they send you home straight away? Do you go
to the open ceremony? Do you go on holiday in Paris?
What happens there? Anyway? I'll come back to that, Tim
and Katie after eight o'clock, of course, being a Friday

(45:01):
morning at twenty three minutes away from eight, to update
for you on the infant formula labeling. Earlier this week
we told you about the growing concern over the labeling
and potential changes to be made from the food standards.
People manufacturers threatening to walk away. Jobs are on the line.
Not to mention our role in the multi billion dollar
infant formula market and places like China. Anyway, the Food
Minister Andrew Hoggart, he was in Australia at the meeting
and he's with us.

Speaker 18 (45:21):
Morning to you, Good morning, Mike.

Speaker 2 (45:23):
Are you still in Australia.

Speaker 18 (45:26):
Yes, I'm still in Australia. Just find back this morning.

Speaker 2 (45:29):
Out of ten, it couldn't have gone better one. It
was a complete bust. What we to score.

Speaker 18 (45:37):
Probably three or four of But then I was kind
of expecting that wouldn't be successful because we're asking for
a review is very very unusual and doesn't often happen
and hardly ever agreed to. So that's kind of going
in there. It was going to be a fair to complete,
but I'll fight the good fight anyway.

Speaker 2 (45:53):
Good on you. So the people you're in the room
with are they the food ministers of the states or
the federal ministers? Who was there?

Speaker 18 (46:00):
So federal or Commonwealth minister and it's a common Wealth
health minister and then all the state or there weren't
that many. There was a number of proxies, so there's
about half the state and territory ministers weren't there, but
they either send a health minister, an agriculture minister, and
most of them were health ministers I believe.

Speaker 2 (46:21):
Okay, are they all on the same page universally or not?

Speaker 18 (46:26):
Well, they were all on the same page in terms
of not asking for a review. So they went on
my page.

Speaker 2 (46:31):
They were on their page, but they were on their page.
But they so it was Australia versus New Zealand and
you were the New Zealand representative.

Speaker 18 (46:38):
Pretty much.

Speaker 2 (46:39):
Yes, these food people and just to give us a background,
I didn't realize. I mean I knew of them, I
didn't realize they had carte blanche. What they say goes,
is that right or not?

Speaker 3 (46:50):
So? Well?

Speaker 18 (46:50):
Pretty much they get a direction from the ministers around
we would like to review this. These are the things
that we are concerned about. This is what we want
you to look into and develop a standard or whatever
it may be with this in mind, and then it's
sort of an independent body that goes off and developed.
So for this infant formula, this all started back in

(47:13):
twenty thirteen and they've worked on it. They report back.
They may get some changes in direction over time from
the ministers, but basically once it gets to this point,
it's kind of nearly done and dusted. Once they give
their final board report back.

Speaker 2 (47:33):
Have they been captured by the brist fleeding crowd.

Speaker 18 (47:38):
Look, I don't believe. I don't know. I wouldn't obviously
don't have the opportunity to get into the meetings. But basically,
I mean they're going along with sort of what's happening
who level in terms of trying not to do any advertising,
and I think there's a fair bit of confusion around

(47:59):
what was been asked for or what was industry would
currently like to do, and what people believed industry were wanting.

Speaker 3 (48:06):
To put on it.

Speaker 2 (48:06):
So it's not it's not plain packaging like cigarettes, it's
it's it's it's not what they had it. Somewhere in
between is that it.

Speaker 18 (48:13):
Yeah, pretty much, it's not playing packaging, but it's taking
off you know, this contains X, Y and Z and
just having all of that stuff on the back. And
whereas industry feel that in particularly in the Chinese market,
which we were the economic concerned we were worried about,
was customers there like to see that there's certain ingredients

(48:36):
in their tins of infant formula, so they're quite well
read up on needs to have this ingredient and that
ingredient and European producers were able to put that on
the front, whereas under the standard we won't be able
to and.

Speaker 2 (48:51):
Do none of them in the room, except that that
puts us at a competitive disadvantage and we might not
want to be in that position in a market.

Speaker 18 (49:04):
I mean, the advice that came back from the Food
Safety Body was that they believed it wouldn't have an
economic impact, whereas you know, I was sort of. I
didn't feel the economic analysis was strong enough to be
able to prove that one way or another, and quite frankly,
that's why I was keen for the review, just to
be able to test this, get some more analysis done

(49:26):
on this, and certainly put some of our officials to
work in terms of trying to work through all the
claims either way. But with a short amount of time available,
I wasn't willing to take the risk that it may
rm error exactly or not. No, there's no appeal. So
what happens now is we have until the fifth of

(49:49):
August to write an official letter saying that we opt
out of the standard, so the old standard would apply
to us.

Speaker 2 (49:55):
So you're going to do that and that's done, So
it works out okay for us in the.

Speaker 18 (49:58):
End, Well, there's a lot of good stuff with the
new standard because this part that was pretty poor. So
we need to work through industry with industry and do
a bit more work on Okay, are we really making
the right call here? So mean the intention would be, yeah,
that we go ahead and opt out and then look

(50:20):
at how we could actually create our own standard. Potentially,
that's where.

Speaker 2 (50:26):
We could have a standard whereby we put a product
on the shelf and sell it because it's really good,
and we make some money and dig ourselves out of
this massive economic hole. Would how about that as an idea.

Speaker 18 (50:35):
Yeah, that's a pretty good idea. Actually, yeah, everyone wants
to stop making money and keep spending it. Yeah, kind
of keen on making some money.

Speaker 2 (50:42):
Actually, funny that day. Hey, are you and Adelaide still?
Is it five o'clock in the morning there?

Speaker 18 (50:48):
Yes, it is?

Speaker 2 (50:48):
Okay, cool, Well, I appreciate you getting up early for us.
No worries at All's all right, no worries. Go well mate,
Andrew Hoggart. I hope you all blacks are listening to that.
Hard to get up at five o'clock in the morning,
Is it not that hard? It's not hard to talk
on the day and give us a backup forward on
a Tuesday to be pre recorded five days before the game.

(51:09):
Andrew can get up at five o'clock in the morning,
no worries at all. God bless them, seventeen minutes away
from eight. By the way, I recommend Kim Cheese sprinkles.
I have discovered Kim cheese sprinkles, so you've got the
I can't even remember the other one that I had.
It was the one I'm yeah for a khaki. Yeah,
what I call it for khaki? Well whatever I mius

(51:30):
pronounced it as. Anyway, I've gotten into that big time.
But now I've discovered Kim Kim chie sprinkles and Kim
cheese sprinkles are good for you. And once again, like
for a khaki, it goes on everything all the time.
And so if you haven't tried kim and it gives
a little heat little so if you haven't tried Kim
cheese sprinkles and the rulers, does it go on this, yes,

(51:50):
it does. Give them a go this weekend. You'll never
look back. Sixteen to two.

Speaker 3 (51:56):
Costing breakfast.

Speaker 2 (51:58):
It's getting my lages. Text off printer top of the line.

Speaker 11 (52:03):
I didn't realize. It's how texts work. You've got a
text a printer situation.

Speaker 2 (52:08):
There, it's no no, it goes through the printer of
truth and if it gets out the other side, it
means it's factually accurate.

Speaker 11 (52:16):
Or somebody's found the right ton of Cattridge.

Speaker 3 (52:18):
You get one.

Speaker 2 (52:19):
If Max for Stapp and Mike can take part in
SIM racing until three in the morning and that day
go winn and if one Grand Privial he didn't win
the Grand Prix came fifth because he smashed into Lewis Hamilton.
Why can't our all blacks only manage interviews?

Speaker 3 (52:30):
Though?

Speaker 2 (52:30):
For the guard agree with his mind. You was grumpy.
If you watch the they've taken the SIM off them
and they said Max that we know more sims till
three in the MAXI no more sims at three in
the morning.

Speaker 11 (52:41):
Pass people and stand up all night playing these video games.

Speaker 2 (52:43):
Acly, you were grumping Mike. Seven team playoff the fifth
to eighth on Sunday. What a cool Olympics that is, Ah,
what a fantastic Olympic experience that is. What are you
doing today when I'm going to play for somewhere between
fifth and eighth man. It's pronounced for a khaki. Yet, no,
it is. You're quite right. We call it fuki arki
at home, and we fuki arkied. It's so often now

(53:04):
we can't remember the correct pronunciations.

Speaker 11 (53:06):
For the I was worried you're going to start calling
it bakhaki. And that's a whole other thing.

Speaker 2 (53:09):
That is another thing. Mike, does Kate buy the Kim
cheese sprinkles from Pharoh? I have no idea, but good question.
Can you buy Kim cheese sprinkles from a normal souper?
Mak Oh? Of course you can. I'd be astonished if
you can't go.

Speaker 11 (53:21):
If you can go to if you can go to,
what ile do you reckon? You'd find that And Mike
and your experience, your vast experience, are going into normal supermarkets.

Speaker 2 (53:29):
What the you know, the aisle with the what's the condiments?
Condiment isle? It'll be the condiment isle. Wow, I'll give
you that, with the tomato sauce and the chem cheese.
I guarantee it's in the condiment isle. Mike, we make
fairy bread for the kids with Kim cheese sprinkles. It's
twenty twenty four ups a year you never looked back?

Speaker 11 (53:46):
What mean fairy?

Speaker 2 (53:47):
Exactly? Mike, We've gone next level with the cold shower.
Hubbies converted a chest freezer into an ice bath when
you climb and you feel like you're hiding a body
in there. But I've got to admit I feel great.
Get a chest you've got a chest freezer this week
No no.

Speaker 11 (54:05):
About recommending people get into chest.

Speaker 2 (54:06):
If you've got a chest freezer this weekend, pull the
chickens and the dog food out, throw some ice in
there and have yourself a pack.

Speaker 11 (54:15):
You are going to do that, can you please at
least take the lid off it?

Speaker 2 (54:17):
Please? Please repeat? That'll be unfortunate. Wouldn't they go?

Speaker 16 (54:21):
Hello?

Speaker 11 (54:22):
Do you get the impression that they were putting each
other in the freezer before this became a discussion.

Speaker 2 (54:27):
Anyway, Just as the car leaves the garage, he says
that can you can you hear something?

Speaker 3 (54:32):
Hold on?

Speaker 11 (54:33):
Let me out and a few Bikhaki sprinkles on there?

Speaker 2 (54:35):
Please repeat Bob Dylan's best ever song, Chimes of Freedom.
I disagree. A lot of people feedback on the business
of not Tark yesterday, and a lot of people hadn't
discovered it. It is probably the greatest Bob Dylan song
of all time. Jeez, it's team to wait.

Speaker 3 (54:48):
Already the mic hosking breakfast with.

Speaker 2 (54:55):
Sorry there's a sandwich board brew haha in Nelson, Nelson,
will I think at banning them? The disabled community say
they block foot parts. Retailers say the rakia who attracting punters?
Of course, it's the old debate Nelson. Mandick Smith is
with us, Nick, how are you very well?

Speaker 18 (55:08):
Thank you?

Speaker 2 (55:08):
Mike good with honest has come from? Because this is
not a new debate in general, is it?

Speaker 17 (55:13):
No, it's not. I've got a number of counselors that
felt very passionate about it, wanted to put the proposal
up for consultation to ban the sandwich boards. It's particularly
poorly timed in that retailer is not just a Nelson
through the country are having a particularly tough winter. Nelson
just booms in summer, but it is a hard drag

(55:37):
in winter, and so it's not been helpful to the
mood of our retail community.

Speaker 2 (55:40):
So where do we go with us? What are you
doing well?

Speaker 17 (55:43):
We had a hearings panel this week and the retailers
have come out pretty strongly opposed to the proposed ban
that hearings panel will report back to Council in September.
I'm certainly not one of those that will be supporting
the ban. There's a bit of an issue of the
current by law allows one sandwich board and the blind

(56:04):
and disabled community, you've got a fear right there is
the odd real tailor has two or three flag signs
and two three signs when they're only other sandwich boards
when they're only allowed one. Council needs to tidy up
a little bit of the enforcement. But this is just
a classic case of the sort of sledgehammer trying.

Speaker 10 (56:20):
To crack the nut.

Speaker 17 (56:22):
There's sort of this unhealthy culture that worries me, not
just a Nelson, but across New Zealand of excessive risk
adversity and doesn't matter whether it's the one hundred road
cones when ten would do the job, or the thirty
kilometer blanket urban speed limit, just councils and regulators wanting

(56:42):
to try and solve every problem, remove any risk, and
not really understanding the damage that does to business in
the economy at a time when actually we need to
wake up to these costs.

Speaker 2 (56:52):
Couldn't agree more very well, said you in the prize
for the best interview of the morning There, Nick next
Smith Nelson. I'm not that I haven't enjoyed all the
other interviews, but what a brilliant way of putting it,
Nick Smith. The Nelson mare, almost as though he's wasted
and Nelson could be on the national scene again. By
the way, Sam's come to the party. No supermarkets sell
Kimchi sprinkles. No standard mainstream supermarkets sell Kimchi sprinkles, so

(57:13):
it's clearly.

Speaker 11 (57:14):
A contraband, like it's been illegally imported or something.

Speaker 2 (57:19):
Well, see, I don't know that stuff. I mean, maybe
it is. Maybe she just got it for I traded
for something. I don't know what's going on those flags.
To be fair, outside the shops, there are pain in
the bump, aren't they. So the sandwich bought is separate
to the flags, the movable flag, So I don't know
what's going on there. Kim Tree sprinkles good to keep
the prostate size under control. Now there is some developing

(57:39):
medical news. I don't know if it's true, and I'm
not sure under broadcasting laws whether I'm about to whether
I'm allowed to broadcast medical.

Speaker 11 (57:46):
Advice, make medical claims.

Speaker 2 (57:48):
You can't make medical claims. Well, I wasn't. I was
just reading a text. It came through the printer of truth.
So when it came through the brother, it must be right, Mike.
When Trump takes his bandage off and no whole area
is missing, did he get shot?

Speaker 3 (58:00):
Is G G?

Speaker 2 (58:00):
Good text? He hasn't taken his bandage off. He's wearing
currently a skin colored plaster. Let's not call it a
bandage because it's a plaster.

Speaker 11 (58:08):
Which I think is a mistake. Because people were turning
up at the rallies with on their ears. It was
like a branding thing. I think he could have gone bigger.

Speaker 2 (58:16):
He could have exactly, he's a rapt runs heats.

Speaker 11 (58:19):
My pillow guy as his mate. He could have had
a pillow on there.

Speaker 2 (58:22):
Do you know the guy Ray who was with the
FBI yesterday? He said the still not sure whether he
actually got shot at all. He said it could be shrapnel,
It might not have been a bullet. They don't actually
know whether he got shot.

Speaker 11 (58:34):
He said it felt like a big mosquito. YEA, maybe
it's just a big mosquito.

Speaker 2 (58:38):
Straight to telegram after nine has spread a few conspiracy
theories myself. That's my Friday for you. Meantime, the news
is next, the newsmakers and the personalities the big days
talk to like Breakfast.

Speaker 3 (58:53):
With Jaguar, the Art of Performance News Toks Dead b.

Speaker 13 (59:00):
O.

Speaker 2 (59:03):
Just before I tell you who this is, and just
before we hit the sponsorship tag, the very important sponsorship
tag to this award winning segment, and before we introduce
the people on the segment. Karmela's just ride back in Washington,
and the big question is is she going to debate Trump?

Speaker 19 (59:19):
So many of you have been asking.

Speaker 4 (59:21):
Me about the debate, and I'll tell you I'm ready
to debate Donald Trump. I have agreed to the previously
agreed upon September tenth debate. He agreed to that previously
now at Piercy's backpeddling, but I'm ready, and I think
the voters deserve to see the split screen that exists
in this race on a debate stage. And so I'm ready.

Speaker 1 (59:44):
Let's go.

Speaker 3 (59:45):
Good on.

Speaker 2 (59:45):
She's full of it, isn't She is ready? She is
pumped up and read who sponsors the segment?

Speaker 1 (59:50):
Fleet the Week in Review with two degrees fighting for
fear for Kiwi business.

Speaker 3 (59:57):
Here we go.

Speaker 2 (59:58):
I love you So Iffing Much. That's the name of
the album, I Love You So Effing Much Glass Animals,
So the band's approach is equal parts fantasy and intimacy.
They had a multi platinum single, heat Waves, and Glenn
was telling us on another award winning segment of this program,
which is called Trending Now, which is on Earlier on

(01:00:19):
we did a feature on this band as being the
band with the song that took the longest to get
to number one, and we did that a while back.
It was so far back, funnily enough, I couldn't remember it,
but Glenn does be as Glenn remembers everything on this program.

Speaker 11 (01:00:34):
Nothing useful, just here, weird stuf much stuff.

Speaker 2 (01:00:37):
Tim Wilson's Weather Us along with Kate Hawksby Good morning,
Good morning, good morning, good morning morning.

Speaker 19 (01:00:42):
I always know when you've seen something random on air
because my Instagram DM messages up with people asking me
and I'm randomly looking at all these people going where
can I get kim Chi sprinkles? Where can I get?

Speaker 18 (01:00:53):
And I'm like, what, I knew we were going to
be talking about this.

Speaker 19 (01:00:55):
I knew it, So I've just been I've literally just
called missus Kimchi sprinkle I'm just off the phone in
the mighty Whykato. We got sent some as part of
a food show media pack, which is how we have them.
But you get them at farmer's markets or bin in
stores or online online at good Bugs is the name

(01:01:16):
of the company, and they do all fermented foods good
Bugs dot co, dot m Z.

Speaker 2 (01:01:22):
What about our claim this morning? Sam got worried. He
thinks it could be all right that we claimed it.
Can help you prostate any word on that.

Speaker 10 (01:01:31):
She didn't mention that.

Speaker 19 (01:01:31):
She was just like, Oh, I'm getting mess with people,
and people are messing it. This is weird. The Kimchi sprinkles,
I said, yeah, no, Sorr, I've got to apologize that
my husband mentioned it on his radio show. She goes, ah, okay,
So I quickly had to order some more. And I've
just made a purchase before you sell them out, because.

Speaker 2 (01:01:49):
What do they sell? What's kim what's miss Kimchi Sprinkle's name?

Speaker 19 (01:01:55):
This is what he does, Glenn. He mentioned stuff and
then itselves out. We never get it again, so I
have to quickly go online and buy it.

Speaker 11 (01:02:01):
Well, we need to get another id made out the
mic Husking breakfast Moving markets.

Speaker 19 (01:02:05):
Yeah, that's yeah, pesto and they do kimchi, and they
do fermented stuff.

Speaker 10 (01:02:11):
They do.

Speaker 19 (01:02:13):
The website's got the whole popery of things.

Speaker 2 (01:02:16):
What do they called good bugs?

Speaker 10 (01:02:17):
The kimchi, the kimch sprinkles. Can I just do good bugs?
Can I?

Speaker 13 (01:02:21):
Can?

Speaker 10 (01:02:21):
I just like the kimch sprinkles. It was just basically
sort of ritzy Sauer Kraut. Is that all we're talking here?

Speaker 2 (01:02:26):
Good question, Tim?

Speaker 5 (01:02:27):
Hey.

Speaker 19 (01:02:28):
Also, they're going to be at the food show this
weekend is what she wanted me to. What she told
me was they'll be they'll have they will be there.
The kimchi sprinkle people will be at food show with
all their kimchi sprinkle products.

Speaker 2 (01:02:39):
Is it ritzy?

Speaker 10 (01:02:42):
Yeah?

Speaker 19 (01:02:43):
Sorry?

Speaker 2 (01:02:43):
Is it ritzy sauer Kraut.

Speaker 19 (01:02:45):
Yeah, it's basically it's a probiotic, is the thing. It's
a it's a spray free probiotic and it's freeze dried cabbage, dikon, carrot, onion,
chili flakes, salt sheer, koji ginger, and spray free garlic.
It's all organic.

Speaker 2 (01:03:02):
It's delicious.

Speaker 10 (01:03:03):
Can I just can I just say, like, I lived
in Korea for about three months just on kimchi so
you're sitting on the bus in the morning and the
Kimchi explosions. You know what I mean.

Speaker 11 (01:03:16):
I do know what you mean.

Speaker 2 (01:03:17):
Therefore, but when we try and freeze drive the way
they have in the Mighty White Cato, then I think
they're problems. That's all sorted out, and I'm feeling better
for it. Were you affected by CrowdStrike? Tim, anything in
your will get affected by CrowdStrike?

Speaker 18 (01:03:30):
Oh?

Speaker 10 (01:03:31):
It was just the Microsoft Yeah drop out? No, no, everything,
just everything just limpd along.

Speaker 2 (01:03:37):
I want to give you one thousand dollars to the
charity of your choice. I'm going to give you a
thousand dollars to the charity of the charity of your
choice if you can guess what the wait?

Speaker 10 (01:03:49):
Wait wait first first, can can the Wilson Family be
the charity of my choice?

Speaker 17 (01:03:53):
Yeah?

Speaker 2 (01:03:53):
Sure you do. I mean, obviously people will think less
of you for being greedy, but if that's your decision,
go for God. So a thousand dollars to the charity
that Wilson Family of your choice. What thing in our
lives got affected by the crowd strike crash?

Speaker 10 (01:04:11):
What thing?

Speaker 2 (01:04:11):
Yeah?

Speaker 10 (01:04:12):
Wait, in our lives and all our lives.

Speaker 2 (01:04:14):
I know, no Katie in My Life, Our Lives and
out Kady and just Kadie and my world, my mind
Katie will in question.

Speaker 10 (01:04:22):
It's oh, I'll say, is it the email for the
bills that you're continuing to pay for broadband in the
house you moved out of ten years ago.

Speaker 19 (01:04:35):
It's quite good. That's quite good.

Speaker 2 (01:04:37):
That is very good. It is very good. I'll tell you,
you'll never guess in a million years. I'll tell you
what the answer is in the moment. Thirteen minutes past eight.

Speaker 3 (01:04:44):
The Mike Hosking Breakfast News.

Speaker 2 (01:04:47):
Talks be quarter past eight.

Speaker 1 (01:04:49):
A week in review with two degrees bringing smart business solutions.

Speaker 2 (01:04:53):
To the table, Ireland a beating Fiji in the sevens
quarter finals, so that I don't know whether that's some
sort of compensation. I do apologize. Everyone's texting me in
our saying the sprinkles have sold out, good bug have
sold out.

Speaker 19 (01:05:04):
There's no there's no sprinkles it so I knew that
would happen.

Speaker 2 (01:05:08):
Sorry about that. I don't know what to do.

Speaker 19 (01:05:10):
Don't warn me, and you're going to mention stuff on air.

Speaker 2 (01:05:13):
I'm just I'm just trying to spread the.

Speaker 10 (01:05:15):
Love communication guys. Yes, my good relationship.

Speaker 2 (01:05:19):
Sam. Yeah, well, Sam wanted to play the game. But
I said, Sammy, we're off here now he can't play
the game. It was off here. It's boring if it's
off here. But what Samy wanted to say, Sammy wanted
to see. He's still learning how radio works. It's like
you do or you're talking when you're on here, he said, Garrett,
it's a microphone.

Speaker 19 (01:05:38):
It's not fear to him that you keep discussing him.

Speaker 10 (01:05:40):
And he exactly, he needs a microphone. Microphone for Sam, microphone.

Speaker 2 (01:05:48):
For damn, he said, Gane he said, he said.

Speaker 10 (01:05:56):
Air, geta on air, Samon there Sam on air?

Speaker 2 (01:06:01):
Yeah, yeah, yeah, he's too embarrassed now he's gone rid,
he said. Garage door, which I thought was quite a
good gift. Garage door going up and down uncontrolled? Ye,
wrong but wrong, yep, Okay, you really the poll the pool. Ah,
don't say you're going to say the pool, because you weren't.
But the pool, the pool was run by the people

(01:06:24):
who the company that run the pool there by crowd
by crowd strike.

Speaker 10 (01:06:31):
No, no, well, I've got I've got a question for you. Yes, uh,
And I will donate to you a bottle another bottle
of cold Duck, Dolly Parton, We've got three songs lined
up Joeline, nine to five or Here You Come Again?

Speaker 2 (01:06:46):
And why disappointing?

Speaker 14 (01:06:48):
So why have you been disappointed?

Speaker 2 (01:06:50):
Well because they're they're there are three of who were songs?
So you got them lined up for a.

Speaker 10 (01:06:54):
Reason, because they're great songs.

Speaker 2 (01:06:58):
They're actually they are they are so yeah, but you've
got them for a purpose, or we're just playing fundsies here.

Speaker 10 (01:07:04):
No, No, I just I want to know. I'm trying
to have an insight into your heart.

Speaker 18 (01:07:09):
So, Joline, too many colors?

Speaker 10 (01:07:11):
You can nominate if you want.

Speaker 2 (01:07:13):
Too many colors? I like codo many colors. So what
were your three? Sorry?

Speaker 10 (01:07:18):
Nine to five Joline? Or here you Come again?

Speaker 2 (01:07:21):
As he? Why did I do? You shouldn't have done it.
You'll get me singing a lot of good feedback on
not that you can, Bob soil. The point of this
was what so what are you trying to get an
insight into my heart that I love?

Speaker 10 (01:07:37):
Yeah? I just I just want to know what you love?

Speaker 2 (01:07:39):
What do I love about Dolly Parton?

Speaker 10 (01:07:41):
No, no, the song, pick the song? Tell me why?

Speaker 8 (01:07:45):
Then?

Speaker 10 (01:07:45):
Then I understand?

Speaker 2 (01:07:49):
So I don't like that we can get rid of
that immediately.

Speaker 11 (01:07:52):
I didn't think that it was going to get more
painful than talking about dried up to g oh no.

Speaker 2 (01:07:58):
But if this is one of those segments that starts
good goes downhill, I think it's where generally what you
want to do in radio is build to an end,
so they go. At least we got there in the end,
This unfortunate is just completely falling apart.

Speaker 14 (01:08:10):
Tanking it.

Speaker 19 (01:08:11):
You to a tanking it. I bought something useful to
the table. I bought a product that people then sold out.

Speaker 2 (01:08:16):
Oh that's true.

Speaker 10 (01:08:18):
I inform all right, then then I'll try and I'll
try and resuscitate it. It's it's nine to five because
how she's The song was inspired by a long clanking fingernails,
the tap tap tap of the type.

Speaker 8 (01:08:28):
Process the beginning.

Speaker 10 (01:08:29):
That's a good that's a good way to write a song,
the point being we are people of the story. Our
stories are who we are.

Speaker 2 (01:08:36):
We are people of the stories. That's impressive. I think
you've saved the segment later yourself. I think that's so quick.
Advice before we go, kdie you first advice. We're meeting
the rugby union next week. Yeah, so we're meeting the
Rugby Union next week. There's there's a there's a there's
a clash, there's a clash with with with well it

(01:08:58):
tends out to be me unfortunately, but but our represented.
There was a meeting the rugby next week because the
rugby rang up about you were.

Speaker 10 (01:09:05):
Ranking on the All Blacks.

Speaker 19 (01:09:06):
Yeah, yeah, I saw it in the paper. I thought
what he said?

Speaker 18 (01:09:10):
Now, yeah, I heard that. I thought.

Speaker 2 (01:09:12):
Boy, so there's a fairly high level meeting. Boden's going
to be there. Oh boy, budies come, yeah, you can come. Well,
so we're going to we're going to try and and
get to a get to an agreement about when All
Blacks are going to be available to the media. So
so your advice is what what what what?

Speaker 18 (01:09:31):
What?

Speaker 2 (01:09:32):
Going hard? Going soft, accommodating.

Speaker 19 (01:09:35):
You don't attend the meeting because there will be not
going hard or soft, just going hard.

Speaker 10 (01:09:41):
Now, my advice is that Jace walks in with a sack.
Jason the boss walks in with a sack over his back,
and Sam's in the sack. But he says, hoskins in
that sack.

Speaker 3 (01:09:50):
Do what you like.

Speaker 19 (01:09:55):
Now, you should go to the meeting because you can
explain the importance of breakfast radio. They might not understand
getting up earlier has enormous benefits.

Speaker 2 (01:10:02):
Did you hear Andrew? Did you hear Andrew Hoggart No,
five o'clock in the morning in Adelaide?

Speaker 3 (01:10:08):
Was he up?

Speaker 10 (01:10:09):
Yes?

Speaker 16 (01:10:09):
He was.

Speaker 2 (01:10:10):
Did we have a point of getting him up?

Speaker 10 (01:10:13):
You talked to some guy at one thirty am?

Speaker 2 (01:10:15):
It was I talked to Vietnam, Cambodia, Indonesia, somewhere up
in Asia at one thirty in the morning live, No
problem at all. Didn't have any problem getting him up.
Tim one thousand dollars to the charity of your choice.
Go on, if you can name the numbers for the
new FM frequency in Masterton that z B is now
going to be heard on from AM to FM. Where

(01:10:38):
give me the numbers of the FM frequency in Masterden
Go the FM.

Speaker 10 (01:10:42):
Frequency in Masterton. It is eighty eight point two.

Speaker 2 (01:10:47):
Good guess, Good guess? What's your guest, Katie? What numbers
do you think we are in Masterdon on a FM?

Speaker 19 (01:10:53):
Now I only know you're already nine point four in Auckland.
I don't know anything.

Speaker 2 (01:10:56):
Well, you know now that a nine point four was taken,
so can't be a nine point We'll give a bigger number.

Speaker 19 (01:11:02):
Ninety three point seven.

Speaker 2 (01:11:04):
No, that's I think that's actually to them. It is
one O three point nine. Oh yeah, that's a cool number.

Speaker 18 (01:11:12):
Is that?

Speaker 2 (01:11:13):
One o three point nine FM in Masters? And now
at last we've moved into the twenty first century. So
you can't argue with that, can you?

Speaker 19 (01:11:20):
Long?

Speaker 2 (01:11:20):
Over due? Exactly? Hey, listen, you listen to any more
of the program today, Katie, given you've listened to none
clearly already.

Speaker 10 (01:11:25):
Orst time.

Speaker 19 (01:11:27):
I'm tim and I last week we picked Biden would
go and Kamala wouldn't be it. And what I'm what
I'm deeply suspicious about is the ten and swiftness with
which the Democrats are rolling behind Kamala. So I'm deeply
suspicious something is up there, and I don't know. I
still don't know that she'll do it against Trump.

Speaker 10 (01:11:43):
Stitch up, Yeah, I had I think, Kate, we made
our picks on the mistaken apprehension or the mistaken impression
that the Democrats wanted to win the presidential election.

Speaker 2 (01:11:52):
It's a losing decision. Okay, call you guys, nice Democratic Okay,
nice one. Good to see you, Kate. Hawksby Tim Wilson
that one O three point nine starts next week in
Marsterden be there or B Square eight twenty three.

Speaker 3 (01:12:06):
The mic hosting breakfast is with Janguine News.

Speaker 2 (01:12:09):
Tomb by the Way Fiji came back beat Ireland since
Chemists Warehouse by the Way open their first store and
Saint Luke's back in twenty seventeen, Chemists Warehouse promise it's
been very simple, it's affordable and it's accessible healthcare for
all New Zealanders. That's what they're into. So despite the
changes to legislation surrounding the reinstatement of the five dollars
script charge, our bear commitment is unwavering to offer free
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(01:12:31):
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From Elderny to Ashburton, your local Chemist Warehouse pharmacists will
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(01:12:52):
Shop the unbeatable Chemist Warehouse range. You go and store,
do it online if you up, but stop paying too
much with Chemist Warehouse Coasking Mike, your pool's heated, So
how come you have cold showers but heated? Paul's very
good question. The pool can be heated, but isn't so
I take your point. But the spar is connected to
the pool. But the spar needs to be connected, especially
for the younger members of the house. They like a

(01:13:13):
little bit of hot water and the old spar pool.
But the pool is unheated and therefore currently sits at
a very bracing eleven degrees. And once you've jumped out
of the sauna and into that, let me tell you
you know you are alive. Murrayolds in a couple of moments,
a couple of resignations in a cabinet reshuffle coming this Sunday.
So has he got trouble or not? All the details

(01:13:35):
with Murray Olds across the Tasman after the news which
is next to her a news dogs.

Speaker 1 (01:13:39):
Edb the Breakfast show You Can Trust the mic asking
Breakfast with Bailey's real Estate doing real estate differently since
nineteen seventy three News Dogs headb.

Speaker 2 (01:13:50):
By Mike Masterd and Getting FM, while best news this week.
All we need now is for a train to turn
up on time. Tim Well, the good news there came
yesterday from Simming and Brown. It was eight hundred and something.
It was a just a hundred and one, eight hundred
and three million dollars or whatever.

Speaker 10 (01:14:02):
It was.

Speaker 2 (01:14:02):
Eighteen carriages more trains coming your way. Then you can
shake a stick at so So it's one.

Speaker 11 (01:14:07):
Of the only one who's not. I mean, we spent
a lot of money here in Auckland on a rail
system that never actually.

Speaker 2 (01:14:14):
The same there. They don't think they will have looked
at us and gone, you know that didn't work.

Speaker 9 (01:14:18):
We'll do it.

Speaker 11 (01:14:19):
Don't can your trains until they arrived.

Speaker 2 (01:14:20):
Yeah, it's a fair point. Twenty three minutes away from.

Speaker 15 (01:14:24):
Nine international correspondence with ends in eye insurance, peace of
mind for New Zealand business as AAMA.

Speaker 13 (01:14:30):
How are you sare morning, Mike, Yes, very very very
disappointed with the rugby result.

Speaker 2 (01:14:36):
Hell yeah, the sevens. I see it earlier on and
I know sevens officionado. But ever since Gordon Kitchens gave
it up or got sacked or whatever happened to him
that we've never been the same at sevens.

Speaker 8 (01:14:47):
It was wonderful, wasn't he.

Speaker 13 (01:14:48):
You seem to get a lot out of them.

Speaker 3 (01:14:49):
We had.

Speaker 2 (01:14:50):
Whatever the company was, I'm sure you've been dealing with
in Australia, the Sun International company that forecasts how many
medals you're going to win. They've got us fourteen this time,
and one of them fourteen in total gold. One of
the golds was the Men seven. So already they're wrong
and wrong in the wrong direction. So that's most unfortunate.

Speaker 13 (01:15:06):
Well, we have to move on today, even though I'm
profoundly depressed.

Speaker 2 (01:15:09):
It can't be helped, No, it cannot. Onwards and upwards.
The Reserve Bank discussion you're having in Australia, and they
can't still be looking at a rate rise, can they.

Speaker 13 (01:15:20):
Well, it depends on the figures, mate, that's the bottom line.
The Preserved Bank says we are not going to stop.

Speaker 8 (01:15:27):
Until inflation is tamed.

Speaker 2 (01:15:30):
What will that take.

Speaker 3 (01:15:30):
What's it going to look like.

Speaker 13 (01:15:31):
We're not sure because the figures for June won't come
out until next week. The fact of the matter is
over here. We've been banging on jobs.

Speaker 3 (01:15:39):
There is no tomorrow.

Speaker 13 (01:15:40):
Lots and lots of people are out there earning, with
new jobs created every month, month on month, and most
of them full time. And that's the big part of
the problem for the Reserve Bank. All those extra pay
packets and the money slatting around on the economy is
doing nothing to rain and inflation. That's the big bogey
for the Reserve Bank. At the figures that come out

(01:16:01):
next week and then the first week of August, the
Reserve Bank meets here in Sydney, I think it is,
and they could pull the trigger and raise rates the
official cash right over here by another quarter of one percent,
which we put it at four point six percent. People
are squealing and screaming now, they're hanging on with their fingernails.
And there was a very interesting report out this week

(01:16:21):
from Deloitte over here that said, listen, just keep touching
the brakes, however slowly or lightly you you know you want,
and you run the risk of putting the economy into recession.

Speaker 2 (01:16:33):
Wow, they need that like a hole in the head, elbow, kidd,
like a hole in the head. By the way, Linda
Bernie and Brendan O'Connor watched their press conference yesterday they quit,
they leave cabinet immediately. They're retiring at the end of
the term whenever that is, they leave cabinet immediately. So
the reshuffles coming on Sunday. Two questions for you, Linda
Beronnie and Brendan O'Connor, are they big misses or losses

(01:16:54):
and who's replacing them?

Speaker 13 (01:16:55):
Well, O'Connor are pretty much you know, he's a hard working,
almost anonymous person. Really, he's been around a long time,
been twenty one, twenty two years in government in parliament.
A bigger pardon. He's a close mative Alban Easy. He's
from the lefts so to is Linda Burney. Linda Burnie's
probably a bigger loss, although her critics would say no, no,

(01:17:19):
you have to get out of the way because she
has been in parliament a long time, state in federal
passionate indigenous woman and she's Indigenous Affairs. There's a really
made alternative in a Northern Territory senator who's younger, bright,
very articulate, but the rest of it looks like a
bit of a dog's breakfast. You have to say, with
the Alban Easy cabinet, they've really done nothing and the

(01:17:42):
sort of marking time.

Speaker 3 (01:17:43):
So what will this will do.

Speaker 13 (01:17:45):
Who he's going to bring in? Well, as you know
and I know, labor is very rigidly factional, so he's
going to have to get lefties to come in. Who
they are We're not sure. I'm not sure. Maybe there's
some smarties down in Canberra who know. But the fact
of the matter here is this is a marvelous opportunity
for Albert Easy to get some new like into his governant.

Speaker 3 (01:18:07):
And his cabinet because he does.

Speaker 13 (01:18:08):
I've been just they've just looked bloody awful to be frank,
and you know you've got people like Andrew Giles. Is
he going to stay? Well, their word from Canberra is
elbow and Giles, who's the immigration minister, absolute best.

Speaker 8 (01:18:20):
He's going back years.

Speaker 13 (01:18:21):
So it's going to be very interesting Sunday, no doubt
about it.

Speaker 2 (01:18:24):
This Anthony Pratt guy who came to our attention in
New Zealand because he was hanging out with Donald Trump
and he's an uneasy I was going to say, he's
an unfortunate looking person. He's an unusual looking person, isn't he?
So what does is he a household name in Australia
In that senses. He like, oh, good, old Anthony, you know,
like old Twiggy is.

Speaker 8 (01:18:41):
Oh, absolutely not.

Speaker 13 (01:18:42):
I mean Twiggy, you know, he he's in the headlines
all the time. Anthony Pratt not so much. The last
I remember I remember Anthony Pratt in the headlines for
anything other than fawning around you know, international leaders, was
when he had a I'm pretty sure it was Anthony
Pratt had a paternity actually against him.

Speaker 3 (01:19:01):
That isn't may.

Speaker 13 (01:19:01):
This is years and years, and this is decades ago.
He seems to attract ex leaders, you know, like like
but he you know, if dog has fleas, he's got.
But he used to have Tony Abbott and Paul keating
on his books. He apparently he was paying According to
City Morning Herald, he was paying Paul King twenty five
dollars a month to do what well, I don't know,
just be there, John shiny shoes anyway he's got.

Speaker 2 (01:19:24):
Do you know, no, did you put a word for me?
I mean, I do.

Speaker 13 (01:19:31):
Spends most of his time in the United States. The
family's worth over twenty five billion dollars. It's an enormous business.
Enormous business. So what will Scott Morrison and Daniel Andrews do.
We're not sure, but they're on about one hundred k
a year. Just I mean, I suppose you could wheel
them out at you know, international meeting.

Speaker 3 (01:19:49):
So I look, he's the next prime minister.

Speaker 2 (01:19:50):
Famous, fair enough. You ever had a cold shower? Into
cold showers?

Speaker 8 (01:19:54):
I hate them? Oh good god?

Speaker 2 (01:19:56):
Why well? Why don't know for health cracking jokes?

Speaker 13 (01:20:00):
When you get you just kept freezing and nipples harder
than Chinese algebra.

Speaker 8 (01:20:04):
That's no good, that's dreadful.

Speaker 2 (01:20:07):
Horrible, okayte, no worries. Hey, listen, you have a good weekend,
thanks buddy, and we'll see your band playing.

Speaker 17 (01:20:13):
No, no, no, no no.

Speaker 13 (01:20:14):
I'm just going to go and watch the replay of
the rugby.

Speaker 3 (01:20:16):
It's just horrible.

Speaker 8 (01:20:20):
Oh, don't start, okay.

Speaker 2 (01:20:22):
Nice to see Murray Holds across the Tasman this morning.
Mike just spent thirty seconds of my shower on cold
farm tank water. I also saw a bright white light
and my mitt to walk towards it. It's very good.
Seventeen away from nine.

Speaker 3 (01:20:35):
The Mike hosting Breakfast.

Speaker 2 (01:20:37):
Fourteen away from nine, Mike, why don't you and Cad
you do a health slot once a week. There's a
podcast in that excellence, isn't it health ideas, Everyone's got
a podcast, doesn't matter what the idea is, just have
a podcast. By the way, weird thing I was at
the headdresses yesterday with Griggles. He's been deeply, deeply interested
in the Tour de France and so he hadn't talked
about the Tour de France for a couple of years,
and suddenly he was back to life on the Tour

(01:20:59):
de Front. So he's engaged himself in the world of cycling.
And we were discussing the power required to go up
the hills Downdale and just how phenomenal these guys are.
And the winner claimed that the technology, nutrition, diet, fitness
and the technology behind the bikes has transformed the race
and they're getting faster and faster and faster and faster,

(01:21:19):
which seems extraordinary to me. But the other thing we
were talking about, very briefly was he's downtown, and we
were talking about downtown a business in the economy, and
of course no one's suffering more at the moment, and
we've seen all the figures than HOSPO. In general, there
are doors closing left, right and center, and yet I
read yesterday in Viva, which is the segment in the Herald,

(01:21:39):
the twenty plus. This is their headline, the twenty plus
new eateries to have on your radar. So what that
indicates to me? Although times and of course the media
focuses a tremendous amount on the negative, but equally, you
can't have twenty plus new eateries unless there are twenty
plus new eateries. And so why would you be opening
a new eatery in a time of great uncertainty unless

(01:22:02):
you were bullish and feeling good about life and wanting
to take the risk.

Speaker 13 (01:22:05):
Guy.

Speaker 2 (01:22:05):
I found that to be very uplifting, which was quite good.
Then I got a text from Greg Murphy earlier on
in the day, who was agreeing with what I was saying.
Double Greg Thursday, Double Greg Thursday. Greg the haircut of
Greg Murphy, the car driver. So too, Greg, it's a
two Greg day. What a day to Greg Thursday. Anyway,
he was agreeing with me on what I was saying
about driverless cars robot cars yesterday, to which I texted back, yep,

(01:22:28):
I agree with myself too, Greg, or something stupid like that,
because that's what we do. Then I read that there's
a company here. It's a manufacturer of EB charges. Guess
where they're going Australia. Why because they can't sell charges here.
Why because there are no sales of EV So they
think there's more money. This is bnix. They're based in
christ Jurch. They reckon there's more money to be raised
in Australia these days because the Australians are still in

(01:22:49):
the subsidy business. They've got six thousand charges here, one
thousand in Australia. But they're going to get more growth
in Australia also overnight. I'm here to report that Audi
internetationally globally, AUDI have readjusted their electrification strategy, which is
what all carmakers are doing at the moment, adjusting their
electrification strategy. So they're expanding the phabs, the plug ins

(01:23:10):
because they've worked out, like everybody else, no one's buying EV's,
no one wants an EV, no one selling an EV,
no one's buying an EV, so there's no point in
making EV's, so they're adjusting too. So is that just
about every single car manufacturer in the world quote unquote
company grapples with an industry wide awakening, a weakening rather
of demand for all electric models.

Speaker 11 (01:23:31):
Do you reckon? After this week? Tesla's re evaluating it's
electric electrific.

Speaker 2 (01:23:36):
Electric electrification strategy electrification. They're going into robotcars which are
never going to come to anything, but that doesn't stop
the investor backing elon and as many and varied weird
and wonderful ideas. But two Greg Thursday, So it was
a good thurs That's why I'm feeling so good this morning.
Can't wait for the meeting next week with the rugby people.
You ring that's going to go for us?

Speaker 11 (01:23:56):
How many grigs have they got?

Speaker 3 (01:23:58):
We need to know?

Speaker 2 (01:23:58):
Good question.

Speaker 1 (01:24:01):
My cost will breakfast with Bailey's Real Estate news dogs
the Mike.

Speaker 2 (01:24:06):
We went to Onyx restaurant in Cambridge last night. It
was so busy. Yeah, see that's the weird thing about it.
See Greg was telling me yesterday he gets the people
he gets his magazines from. Their business is down thirty percent.
So then we got onto the discussion of well, of
course their business is down thirty percent. They're in magazines,
and magazines aren't a thing anymore. In general, They're not
what they used to be. When was the last time

(01:24:26):
you read a magazine I last read a magazine, I
said to Greek. I said, last time I read a magazine?
Greek was I was on a plane when they come
around with magazines and they go, would you like a magazine, sir?
And some of the magazines are quite you know, upmarket
and cool, and you think, oh, you haven't seen one
of those. I'll read that. That's the last time I
read a magazine. Rest of the time's on a screen
on the phone. So, of course this business is down
thirty percent. So how many businesses going out of business

(01:24:48):
because the times they are are changing, versus how many
type people are going out of business simply because they're
not not running good businesses? And how many people are
going out of business because the economy is buggered and
we've got, you know, real economic dificulties. Mike, don't forget
the steroids have come a long way. Yeah, No, Greg's
following this close enough. I said, are they juiced up?
And he didn't think so. He didn't think it was
a thing anymore. And post the difficult days, that's no

(01:25:11):
longer an issue in top level cycling apparently allegedly if
you haven't, by the way, just quick recommendation there's a
fabulous story. It seems to be contained to Australia. Why
I don't know, mainly because the guy's Australian. But he's
a fifty eight year old and he's received a titanium
heart in an operation in Texas that happened in the

(01:25:34):
early part of this month at the Heart Institute in Houston.
And he's the first person in the world ever to
have done so. And the guy who invented it. The
whole story is brilliant one. The guy who's invented it
is a story in himself. They've been trying to do
this for twenty thirty years and they've never been able
to do a complete heart transplant. A thing that has
a single movement. It looks like a car part. It's

(01:25:55):
made of titanium. It's got a single movement. You put
it in, turn it on, and it saves your life.
So they did it in animals, and then they did
it on this bloke, the guinea pig. He wakes up.
He had done degenerative heart disease. He wakes up and
not only does he wake up, first thing asked for
us a drink, and then in a very short period

(01:26:17):
of time.

Speaker 8 (01:26:17):
He's up.

Speaker 2 (01:26:18):
He's walking, not just walking, but walking fast, as in like,
can you believe how fast this guy's walking? It seems
to be a Nobel Prize winning moment. And this story
is nowhere to be seen apart from Australia this morning.
So look that up over the weekend. Have a look
at what this guy's invented, why he's invented it, how
successful it appears to be, and how potentially this is
going to literally revolutionize modern medicine. It's incredible. Five away

(01:26:42):
from nine.

Speaker 3 (01:26:43):
Trending Now will chemist? Where's the home of big brand?
Ftamens right?

Speaker 2 (01:26:49):
New tactic from Donald Trump this morning. He's on Fox
and Friends, his favorite morning show. They're talking about voting
and making sure that the voting can't be rigged. Then
he says this, we have lawyers at every poth we have.

Speaker 3 (01:27:01):
That's what I in fact my instruction.

Speaker 2 (01:27:04):
We don't need the votes.

Speaker 10 (01:27:05):
I have so many votes.

Speaker 1 (01:27:06):
I'm in Florida now and I drove to another.

Speaker 19 (01:27:09):
Location yesterday and every house has a Trump Vance sign
on it, every single house.

Speaker 18 (01:27:15):
There's not a house that we passed that doesn't.

Speaker 2 (01:27:18):
We have the votes. I can't help but think I
don't want to rack you up just before the weekend
or you Trump lovers. But I just can't help but
think that carmelas say whatever you like about her, and
she's crazy, I get it, and she's a socialist and
all that sort of stuff, but she's articulate. She's more

(01:27:40):
normal than he is. And I think if he continues
to talk like that, yes, the people who love Trump
are gonna love him. But the problem is, and it
was a very good line the other day, I think
by the guy Wallace who works these days for C
and N. He said, the problem with Trump is Trump
keeps convincing the same people to vote for him. Trump's

(01:28:00):
not expanding his base. And if he keeps behaving like
that and saying random stuff like that and Carmela comes
out next even remotely normal, He's in trouble. There you go,
start up a ten Warry's Big win Tonight. It's onny
West's Hi, It's onny West's See You Monday with the
victory celebrations as always, Happy Days.

Speaker 1 (01:28:23):
For more from the Mic Asking Breakfast, listen live to
news talks. It'd be from six am weekdays, or follow
the podcast on iHeartRadio.

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