Full Show Podcast: 27 March 2025

Episode Transcript
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Speaker 1 (00:00):
New Zealand's voice of reason is Mike the my Hosking
Breakfast with Bailey's real Estate altogether better across residential, commercial
and rural news talks head beat, Well, are.

Speaker 2 (00:11):
You welcome today? A couple of new laws that got
past yesterday. Drug testing on the roads is coming in
sentenced discounts at Fontira hits the road to talk to
us about the sale of their consumer division and speaking
of the land, more records have been broken in the
court industry, so will give you those numbers. Sir Bob
Geldoff cops in after eight three yarm with Joe mckennison,
Rome Rod Linton as the schedule from Britain. Posky, welcome

(00:32):
to Thursday seven past six. Yes, Fontira, they gave us
the half year profit the other day and this is
a company we should all be pleased for and celebrating
at the moment. Of course, the dairy story against the
backdrop of broader economic darkness for this country is not
to be underestimated. The billions of being poured into the
country is more than welcome. At the farm gate prices
at the midpoint of ten dollars, which is amazing for
farmers and all the downstream businesses that collect a bit

(00:54):
of that income. But as for the company itself, if
you look at the numbers, you will see what they
call the consumer channel. That's the stuff that they sell
at the shop as opposed to the bulk stuff they
sell like whole milk powder. The consumer channel is things
you will know and having your basket at the supermarket
anchor Mainland Fresh and fruity capity. The numbers for this
division for the half year volumes are up eight and

(01:15):
a half percent. They had margin growth, that's profit over all.
The profit was one hundred and seventy three million dollars.
This is a good business, and good businesses are doing well.
Why do I mention this well because they're wanting to
get out of that particular business. They want to sell
it or float it. They've decided that others can do
it better. This, as I've said before, and I'm taking
the opportunity given the result to say it again, is

(01:36):
a mistake. The numbers show you it is not a
troubled business. They are not sinking or losing money or
having problems being profitable. They know what they are doing.
It is also a related business. It's not like they
do whole milk powder and coat hangers. It's all dairy related.
The problem with getting rid of something that you've decided
you don't want is regret. What they have is valuable,

(01:56):
it's brands, it's loyalty, it's patriotism, it's a good news store,
performing will. Flicking something to pocket the cash super easy,
but you run the risk of regret. And here's the thing.
There are many people with vastly more experienced than me
in these areas that argue exactly the same. If Fontira
can line all the doubters up, pitch their case and
change minds, fine, but they haven't done that yet. So

(02:17):
the question is still very much alive. Are they on
the verge of making a very big and expensive mistake?

Speaker 3 (02:25):
News of the World in ninety seven.

Speaker 2 (02:27):
While hurl of the aforementioned with us after six thirty
this morning. Now it's not like this hasn't had built
up either, But Chancellor of Rachel, she was cutting and
slashing in the commons overnight in her spring statement, while
also telling you things are peaching, our plan for change
is working.

Speaker 4 (02:41):
Defense spending is rising, waiting lists are falling, wages are up, interest.

Speaker 3 (02:47):
Rates are cut.

Speaker 5 (02:47):
That is the difference that this Labour government is making.

Speaker 2 (02:52):
Toys. I said, what Tories do?

Speaker 4 (02:54):
It was the right honorable lady who confected the twenty
two billion.

Speaker 6 (02:58):
Pound black hole.

Speaker 7 (03:00):
He smoked, scream there was only ever there in order
to cover up for a fact that she and the
Prime Minister renamed on their promises to.

Speaker 2 (03:07):
The British Now part of the issue for Reeves and Stalmers,
of course, they are walking Philly fine line in their
own party.

Speaker 8 (03:14):
I've heard in many of the new MPs which haven't
ever kind of rebelled against the government before, saying this
is a step too far and really want government to
pull back from.

Speaker 2 (03:23):
That rod with this Later on, of course, meantime in Washington,
Cockade cock up Gate rolls on. In front of the Intellcommittee.
Miss Gibbet, who yesterday was blustering and huffing and puffing,
did more of the same to die Directoryvart.

Speaker 9 (03:35):
Do you think that it's responsible for you, as head
of the intelligence community and the principal's presidential intelligence advisor,
to retweet posts from individuals affiliated with Russian state media?

Speaker 10 (03:47):
That retweet came from my personal account, and I would
have to go back to look at the substance of
the tweet.

Speaker 9 (03:54):
Can I act perhaps that you not think that you
should be saying one thing on your personal account?

Speaker 10 (03:58):
Then you say, officially, I maintained my First Amendment rates
to be able to express my own personal views.

Speaker 2 (04:05):
She's good, ah, not if any blame is to be
laid in any headers to roll. The focus seems now
to be tuning to the former Foxy Higgsith Secretary.

Speaker 11 (04:14):
Hagsath has disclosed military plans as well as classified information.

Speaker 12 (04:18):
He needs to resign immediately.

Speaker 2 (04:21):
He needs to resign immediately and in full investigation needs
to be undertaken. Big developments on that. Just a couple
of moments where you finally another of these geography scraps
made famous by Champagne and Parmesan. This one's for rum.
Last year the Jamaican government changed the rules around what
could be classified as rum. Aging it overseas is now prohibited.
One of the biggest producers a run the National RUMs
of Jamaica. They say, well, hold on, that's part of

(04:43):
our business. The business model relies on us exporting in
bulk aging it off. Sure they're owned currently by the
French spirits for mess of I will keep you one
posted on that News of the world in ninety couple
of inflation reads. Good news for the forementioned Starmer and Co.
Two point eight for February, expectations for two point nine
core number three point five. They thought it might be

(05:03):
three point seven, so are things in the right direction there.
And also very good news yesterday for inflation in Australia.
They thought two point five came in at two point four.
More with Andrew shortly twelve past six.

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

Speaker 2 (05:24):
Just quickly on that Spring statement. The takeout mainly are
the welfare cuts aforementioned three and a half thousand dollars
from your back pocket is taken from three million families,
so that's the politics of it. They've cut the growth
forecast for the country as well from two percent to
one percent, and the defense spending is increased by a
further four and a half to five billion dollars. So

(05:45):
more with Rod later fifteen past six Money j My
Wealth Andrew Keller had good morning, very good money, Michael.
Now we'll come to that Australian number in just a
couple of moments. But KMD, which we know of course,
is other things these days, So.

Speaker 3 (05:59):
What do we know?

Speaker 2 (05:59):
It didn't look that flash.

Speaker 13 (06:01):
No, but things look like they could be getting better,
and I think that's the key takeout here. So yeah,
this was we're going through the sort of tail end
of company results yesterday. Name familiar to a lot of
the listeners CapMan Do or as it relates to the
stock Exchange called Catman Do brands these days. So you
got Catman Do as we know it, or the outdoor
cad and rip curls so wetsuit surf brand and this,

(06:23):
oh bos there's hiking tramping boots that I don't think
very many people would have heard of at all. Now, look,
we know retail has been a tough gig, Catmand Brands
has certainly not been immune from those tough conditions. Result
released yesterday gives us a little view into retail in Australasia.
So yeah, Mike, they had guided the market to a
week result and they told us it was going to be.

Speaker 14 (06:42):
Tough, and the result was in line with that guidance.

Speaker 13 (06:46):
Sales though, yeah, they do seem to be improving and
that's the good thing. So it was in line with guidance.
It wasn't good it's still a battle statutream net loss
of twenty point seven million for the six months to
jan thirty one, earnings down seventy four percent, sales marginally higher.
But there are these proverbial green shoots that do appear
to be some momentum in the rip Curl and the

(07:07):
cap Mandu sales. So if we look at the quarterly
sales treams, say go to rip Curl for the Court
versus a year earlier, you had five consecutive quarters of
negative outcomes, then all of a sudden they're Q two
twenty five numbers up six and a half percent. Now
on the same metric for the cat Mend shops, also
five consecutive quarters of negative quarterly growth, then second quarter

(07:30):
up six point nine percent. So look they're coming off
pretty low bases, but they are improving. You're not seeing
that on O Boz, but that's only a smaller part
of the business. And that momentum they saw in the Court,
remember that's the end of January, that does appear to
be feeding into the.

Speaker 2 (07:45):
Following quarter as well.

Speaker 13 (07:46):
So I do when I look at the numbers, Mike,
you do see that Australia looks a little bit more
resilient than New Zealand. A look across the whole half,
sales in Australia up three point eight percent but down
two percent in New Zealand, so as you're doing a
little bit better when they talk about outlook, they say
on the wholesale account, so business to business, they remain

(08:06):
cautious on preseason commitments in a challenging market, and they
are monitoring the impact of global uncertainty on consumer confidence,
supply chains.

Speaker 2 (08:16):
And that's pretty much everyone, isn't it.

Speaker 13 (08:17):
That's all terariffs there, share price in that sort of
retail euphoria. Back in twenty twenty one, share prices up
at the dollar sixty seven. It's now at thirty five cents.
So they've got to they have got some work to do.
But the tide may be turning good, maybe.

Speaker 2 (08:33):
Turning well, I hope. So inflation in Australia within the band,
and then I think they're looking for a couple more cuts,
aren't they before the end.

Speaker 3 (08:39):
Of the year.

Speaker 13 (08:40):
Yeah, maybe, So this update on inflation, so still a
few We've still got all this uncertainty micro around sort
of tariffs and whether or not that's going to be
inflationary and all of that sort of stuff. But we've
got an update yesterday on inflation across the Tasmin hot
on the heels of those unexpected tax cuts and the
federal budget. Inflation running a little bit higher on the
headline level than it's here in New Zealand. Remember we're

(09:01):
sitting around two point two percent. Ossie come in a
little bit higher at two point four, but they were
expect from two point five. That is the lowest level
or equal to the lowest level Australia for three years.
The Reserve Bank they prefer what they call the trimmed
Meme measure. That print is slightly higher at two point
seven percent, but has also fallen from two point eight

(09:21):
percent in January. As you said, they're both within the
target range. A couple of issues. As I sort of noted,
rent inflation over there, which is included in the CPI
over there. Look, that's been quite high. It's now starting
to ease, but still running at five and a half percent,
so it's pretty high if you think about it. But
the cost of building MIC has interesting, you know, it's
been problematic here in New Zealand. Inflation on the cost

(09:43):
of building now only running at one point six percent.
Back in twenty twenty two it was up around twenty
two percent. It's virtually disappeared, so that's pretty good.

Speaker 14 (09:52):
RBA.

Speaker 13 (09:53):
They addressed the cash rate next week, as you said,
probably nothing next week, but still yep, some cuts on
the horizon.

Speaker 2 (09:59):
There may be the end of the year numbers. Please.

Speaker 13 (10:02):
So here's some interesting stuff. The dal Jones it's down,
it's down a third of a percent forty two thousand,
four hundred and forty seven. But the S and P
five hundred and Nasdaq quite a bit weaker. The S
and P five hundred down one percent five seven one eight,
but the Nastik down almost two percent seventeen thy nine
hundred and seventeen. And there's an issue there from video
because China is talking about bringing in some slightly higher

(10:24):
regulations on computer chips over there, and I'm just wondering
whether this is a bit of they're finding a way
to push back on the tariff talk. Forty one hundred
up point three percent over night, eighty six eight nine,
the Nicke up point sixty five percent three eight oh
too seven shag Ho coms that barely moved three three
six eight.

Speaker 2 (10:42):
The Aussie is gainedo.

Speaker 13 (10:43):
Point seven one yesterday seven nine O eight. We had
a good day on the internets fifty yesterday, Ryman up
six percent, Fish and Pocal Healthcare up almost five percent.
The Internet's fifty up one point two three percent. Twelve thousand,
three hundred and thirty four.

Speaker 2 (10:56):
We like that key.

Speaker 13 (10:57):
We dollop point five seven four to ozh against the
US point nine one O five ozziero point four three
two to one, Euro point four to four five one
pounds eighty six point four three Japanese and Gold three
thousand and fifteen US dollars.

Speaker 14 (11:09):
And Brinker just creeping up a little bit. Mike, seventy
four bucks.

Speaker 2 (11:13):
On Brinkle Crude. I don't want to see that doing No,
we do not, but I want to see you tomorrow.
I appreciate your time. Andrew kellaher Jomiwealth dot Co dot
m z Tsking, Steph Curry and Michelle Obama have launched
a sports drink this morning, three flavors. It's going to
be on Amazon select grocery stores. It's called Pleasi no

(11:34):
added sugar, artificial sweetness, less sodium, full daily dose of
vitamin C in there joins KB Bryant Lebron, James Logan,
Paul and all the others are into sports drinks. The
overall demand apparently for advanced hydration, that's what they call it,
is very strong. Pleasi means fun in Creole. Michelle Obama,
I mean Steph Curry. I get Michelle Obama?

Speaker 12 (11:54):
Is she bored?

Speaker 2 (11:55):
Six twenty one Here at Newstalk zb.

Speaker 1 (11:59):
Love Myke Cosky Breakfast Full Show podcast on iHeartRadio powered
by News Talks at be mentioned.

Speaker 2 (12:06):
Australia a moment ago, just before we leave, Jeens West
has fallen over collapsed ninety stores. The reporter is reading yesterday,
late yesterday. The stores here are not closing, they claim,
but they are in Australia entered the administration back in
January of twenty twenty rescue by a Hong Kong company.
So they spent the last five years trying to revive it.
Can't do it.

Speaker 7 (12:23):
All.

Speaker 2 (12:23):
Stock is expected to go on sale shortly. There's some
six hundred workers ninety stores, six hundred workers. But as
I say, as of yesterday out of Australia, Jeans West
here remains open. Apparently six twenty five. Now, Carolyn, well,
you know what happens this first of all their liars.
There was nothing. There was nothing secret on the on

(12:46):
the on the on the chat. Not true, But that's
not stopping Carolyn this morning blaming you know who.

Speaker 15 (12:51):
If this story proves anything, it proves that Democrats and
their propagandas in the mainstream media know how to fabricate,
orchestrate and examinate a misinformation campaign quite well.

Speaker 2 (13:03):
Now the problem is hig Seth has been sprung and
after the news I will give you exactly well, not
all of that, but it has been If you want
to go to the Atlantic, it's all been published. Is
it detailed? Is its secret? Should it never have been
on the platform?

Speaker 8 (13:19):
Yes?

Speaker 2 (13:19):
Yes, yes, yes, yes and yes six twenty five.

Speaker 1 (13:24):
Trending Now Quill Chemist ware House the home of big
brand fighters.

Speaker 2 (13:28):
Now from our Oberoted tourist hotspots files comes this morning
the news that although popular the Pyramids of Geezer, they
attracted about fifteen million people a year to go and
have a GRP, they might not be as fun as
they look on the brochure. This is travel vlogger and
TikTok a phil Cow.

Speaker 4 (13:42):
What's the biggest disappointment of your life? Because for me
it was visiting the Pyramids of Gezer, something we've all
dreamed of doing, but in the end it crushed my
fairy size. The Great Pyramid is one of the most
special and mysterious buildings on the whole planet, but going
inside it is quite literally hell, as you're force fed
into a giant lump of stone with a load of
other Sucker is just trying to tick something off their bucket.
Lest whether the Pyramids were built by Aliens, the people

(14:04):
of Atlantis, or most likely the ancient Egyptians. I wish
they'd come back, tidy up and sought the place out,
because the whole complex is an absolute nightmare. You're hassled
by scammers the whole time. You're there, so much that
you forget what a special place you're at.

Speaker 2 (14:17):
Yeah no, no, no, that's fine for now.

Speaker 16 (14:18):
No no, no, no, I'll go.

Speaker 2 (14:20):
His review has attracted ten million views, and that's before
we get to the business. What that underground city you're
following that story, the massive underground city hundreds of meters
below the soil that was apparently built thousands of years ago.
By the way, just quickly on Korea, yet another Korean update,
the appeals court has reversed a lower court ruling that
found the opposition leader, Guy called Legemung, not guilty of

(14:42):
violating election law. He was handed a one year sentence
suspended for a couple of years. If that had stood,
he would not have been able to run for president.
So they've overturned that. And that is completely separate what
I told you yesterday about the president of the Prime Minister,
which is also convoluted. And that's before I even get
to Thailand and the vote of confidence and Japan and

(15:02):
the movies, all of which I'll try and get to
after the news.

Speaker 1 (15:06):
The Mike hos Game, we've been safefold, Ben Gaging and
Vital the Mic Hosking Breakfast with Veda, Retirement Communities, Life
Your Way News, togs Head.

Speaker 2 (15:16):
B Arectormus leavit at the White House in a couple
of moments to speak, by the way, holding a press
conference at nine o'clock this morning. Meantime back home at
twenty three minutes away from seven Joe's in Italy two.
In a moment, popes back Homers, I'm sure you're well
aware upon Terra. So they're on the road this week
to talk to the stakeholders about the sale. It's consumer brands.
It's either a trade sailor and IPO. If it sells,
it involves names like Anchor and Mainland. Of course, as

(15:37):
I mentioned earlier, comes off the back of the golden
days and these big payarts for farmers. The Fontier boss,
Myles hurls back with us, good morning.

Speaker 7 (15:44):
Good morning.

Speaker 2 (15:44):
You make on very broad issues. You must be congratulated.
Does it feel at the moment as good as it looks?

Speaker 7 (15:51):
Yeah, it doesn't mean. We're out on farm this week
right across the country, both senior management and the board
and out talking to farmers and you know that they
recognize where we have come from and to be standing
out there talking about their results for the six months.
It does feel good. So yeah, good to be acknowledged
in that way for across our team.

Speaker 2 (16:05):
And with the forecast two seasons, two good seasons coming
and that's unusual. Is there anything weird out there that's
happening or is this these just golden days?

Speaker 7 (16:15):
Well, well, certainly nothing that hasn't been communicated already. I mean,
you see that some of the geopolitics at play and
what's going on in Ukraine and Gaza or An everywhere
else around the world, and so these things are worrias
are on the back of our minds. Is a city today,
Supply demand is in pretty good shape, and so we
take that in terms of the forecast we have for
the season ahead. But we also need to be mindful
and our farmers have been through this business a number
of years and we'll be watching it closely at the

(16:37):
same time we do right.

Speaker 2 (16:38):
So to the consumer side of the equation, how exercised
and energized? Is this discussion among you a lot?

Speaker 7 (16:45):
Yes, there's a lot of clarification questions that are coming
from the floor, as you'd expect. I mean, it is
a big decision that ultimately our farms will make. So yeah,
a lot, a lot of conversation, but it's really around
the why. Let to understand the why and what does
the cop look like into the future. So that's where
the vast majority of questions are coming from. It's been
a good conversation.

Speaker 2 (17:01):
Are you having to change minds?

Speaker 7 (17:04):
No, not generally. I think people are walking in with
just that that those questions around. You know where we
going as a cooperative? We know we've come from. It's
pretty clear we're in a pretty good space as we
stand here. But what does the future look like. So
a lot of conversations around that, but but not not
not not changing minds per Sae, but just as clarification.

Speaker 2 (17:22):
Why don't you see a future of the consumer side
of the equation.

Speaker 7 (17:27):
We're like any good business and it starts with a
good strategy, know and where you are good at and
the returns for many years act you an ingredients business
have been stellar right across the board. We have some
ups and downs on the way that buy and large
returns are very good. Food service of the past of
the five, six, seven years have done very very well,
and we continue to see growth in that in that business.
When you look at the consumer business and I heard

(17:47):
your opening this morning, one hundred and seventy three million
at a headline level looks okay. But what people lose
sight of it's three point four billion dollars of a
farmer's capital tied up in that business. And so that
the effectively roads value day by day because is not
getting a return on capital that our farmers have ultimately
are seeking. So we can invest that business that cash
back into consut into ingredients, back into food service, where

(18:10):
we believe you get higher returns.

Speaker 2 (18:12):
Given that you're a good company, Why can't you do
what you would assume somebody else would do if they
bought it off you.

Speaker 7 (18:19):
Yeah, and look, you go to the supermarket here in
New Zealand and we have a very good presence. You
look at the chillis space here and even on the
dry shelf, we have a very good presence. But it's
sort of misunderstood that you get the international market, we
don't have that sort of presence. You know, we have
very strong category control in certain areas, but they're quite
narrow categories. So if we wanted to really go in

(18:39):
as scale and actually look at sort of spreading costs
across a wider business, you'd probably need to go beyond theiry.
You probably need to go a lot beyond New Zealandairy.
You'd probably need to start thinking about confectionery and maybe
chocolate and potentially back into ice cream to start to
become a real consumer goods company in those markets. And
we truly believe that's not part of her expertise. We've

(18:59):
been year before we tried to get into some businesses
that were outside of our expertise in international markets, and
it took a number of years to try and turn
that around. So you know, focusing on what you're good at,
looking at the cash, can you recycle and the things
you're good at, and we truly believe in those ingredients
and food service, which is you know, by far better
returning businesses over the long term. That for us is
about value add and so that's where we're going to go.

Speaker 2 (19:21):
And not just potentially a sale, but how you sell
IPO or trade. Is that angsty as well.

Speaker 7 (19:25):
Or not not angsty? But again, you know they want
they want in clarity now which way we're going, but
from ours, we need to try both those channels and
see where the best returns come from. So yeah, we're
going hard on that and we'd expect some update in the
next few months out to our shareholders. But you're going
hard on both those avenues. Both are very expensive to operate,
but at the same time we think it's the right

(19:46):
thing to do.

Speaker 2 (19:47):
Is there any value you're placing as a company and
the IPO side of the equation about patriotism New Zealanders
participating any of that or you're just looking for the dollar.

Speaker 7 (19:56):
No, certainly it does come into play. But at the
same time, there has been a question from the floor around,
you know, social license and all that sort of sort
of thing. But you know it's no secret. And again
you mentioned in your opening, you know, the team have
done a pretty good job in getting New Zealand to
where we are economically. We've done our fearsue of lifting
as farmers, and so when it comes to you know,

(20:16):
do we have a social license? I mean, it's not
the questions I get in the weekends, most of they
go to the price of butter and things that are
outside of our control.

Speaker 14 (20:25):
So you know, I'd.

Speaker 7 (20:25):
Challenge it a bit. Our farmers haven't really had the
recognition for what they do here in New Zealand.

Speaker 2 (20:30):
Really is there an education? But just on the butter
got me going, Can you honestly tell me that most
people don't understand why they're paying too much for butter
as much as they hate paying too much. I mean,
there's a reason for it, and a good one, yeah.

Speaker 7 (20:43):
There is. And we're dictated pretty much by the international market,
and then the retailers of News and them will sit
their own prices. And clearly there's a bit in there
for us in terms of efficiency and manufacturing costs and
margins and those things. But you know, it is misunderstood clearly,
but you know, at the same time it's very hard
to explain in a twenty second crossover. So you know,
we try a best but it's a non easy conversation.

(21:04):
It's for sure.

Speaker 2 (21:05):
When are we going to know whether you flick it
and how you flick it?

Speaker 7 (21:08):
Yeah, So the market guidance we've got out there at
the moment, which we said in May last year we'd
be twelve to eighteen month program and so you know
we're still sticking to that and so but the team
are running hard. We've got we've just had the non
deal road shows throughout Asia, Asia, Pacuffolk that they've just concluded,
and then we're expecting some non binding offers to come
through on the trade sale side of things over the
next month or so. So you know, sitting with the

(21:29):
next few months, we'll be going to have some clarity
and then the real week start.

Speaker 2 (21:33):
Thanks all right, appreciate your time, Marrels, Miles Hurrible Fontira
CEO and just quickly, the Fed Farmers a note yesterday
that they're on board with the government's roma reform announced
this week. Christ Bishop with us by the way. Later
on in the program, difficult to get things done. The
red tape and box sticking has become totally ridiculous. Reforms
are on the right track, and so say all of
us seventeen too.

Speaker 1 (21:53):
The Mike Hosking Breakfast Full Show podcast on iHeart Radio
cow it by News Talks.

Speaker 2 (21:59):
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get yourself to new A But New Ailand dot.

Speaker 16 (22:50):
Com International correspondence with Ends and Eye Insurance Peace of
mind for New Zealand business, we go, Joe.

Speaker 2 (22:57):
Morning, good money man, jeez side. It was to see
him on the balcony the other day and the flowers
and he waved and he gave the thumbs up and
he jumped in the little feet and then he stopped.
It was just just brilliant, isn't it. I take it
everyone Italy's thrilled.

Speaker 8 (23:11):
Well, it was a very strange experience. I'm sure you'll agree,
and especially when he took a detour to visit his
favorite church in Rome before going inside the Vatican. They're
saying he's quite exhausted now, not surprisingly, and I don't
think we're going to see him for a while.

Speaker 2 (23:26):
So what's the prognosis. Do we still get the daily
ish updates or not.

Speaker 8 (23:31):
We're not getting as many updates now every couple of days,
but it's very generic, and they're saying that he's continuing
his therapy and he's seeing a minimal amount of people
inside the Vatican. I think he's pretty much confined to
his room and as you probably saw from those images,
he's still moving around with a nasal tube of oxygen

(23:52):
up his nose. There.

Speaker 2 (23:53):
Exactly interesting. How did this just happen recently? It was
just two days agos waxing Lyrica bout Charles and Camilla
and they were going and it was still on and
stuff that's now off.

Speaker 8 (24:02):
Yeah, I think that's another indication of him not doing
well enough to see visitors, and they're concerned about exposure
to infection, so they really want to keep him away
from meeting anyone at all.

Speaker 2 (24:12):
Okay, talk to me about this. This has happened asmart
as I can work out in the last couple of hours.
So Italy has handed this text demand to Meta and
X and LinkedIn and all that. So it's a vat claim.
Has this come out of nowhere? Do they represent all
of Europe or just Italy? And what are these Meta
and Co Going to do with it?

Speaker 8 (24:31):
Well, from what I'm seeing, this is a decision that's
come been coming for a while. These tax demands affect
Meta X and LinkedIn an unprecedented VAT claim. It seems
too it could have repercussions across the European Union. I'm
only seeing Italy at the moment, and I think this

(24:52):
is incredibly risky, Mike, because Italy has been negotiating with
Elon Musk, with SpaceX, the possibility of, you know, a
billion dollar a billion euro deal to do a deal
with the entrepreneur, and also in the light of the
possibility of Trump tariffs exactly, this seems incredibly provocative.

Speaker 2 (25:11):
Yeah, I would have thought so too. Speaking of which,
Maloney is off to another one of these gab fists tomorrow.
So where are you guys sitting on peacekeeping forces? What
do we know about the peace deal? Are you in?
Are you not? Where are we at?

Speaker 8 (25:23):
Well, you know, she's making all the right noises, but
as we've said before, she's straddling this sort of situation
where she wants to be friends with Donald Trump and
yet be part of this coalition in Europe. They Italy
as opposed to participation in a peacekeeping force, but she
wants obviously wants peace in Ukraine as well, So she's struggling,

(25:44):
I think to keep her status as a major EU
powerbroker at this point.

Speaker 2 (25:49):
And how is this this cockup on social media going
down in Europe in terms of bailing you guys out
and you're all a bunch of losers and the Americans
hate you anyway, I mean, how's that gone down?

Speaker 8 (26:00):
Well, I'm surprised that the Foreign Minister Antonio Taiani actually
hit back very strongly at the Vice President Jed Evans,
particularly regarding the merchant vessels in that area of the world,
in the Middle East, in the Red Sea, saying, you know,
we're not being bound out by the US. We have
our own ships in that region and you don't really

(26:21):
know what you're talking about.

Speaker 2 (26:22):
Interesting, all right, Joe ketchup nickslus I appreciate it as
a wis jem McKenna in Europe. Back to the White
House where Miss Libbittt's going for it.

Speaker 15 (26:28):
There's arguably no one in the media who loves manufacturing
and pushing hoaxes more than Jeffrey Goldberg. Goldberg is an
anti Trump hater. He is a registered Democrat. Goldberg's wife
is also a registered Democrat and a big Democrat donor
who used to work under who Hillary Clinton.

Speaker 3 (26:47):
This is the same.

Speaker 15 (26:48):
Jeffrey Goldberg who infamously lied about weapons of mass destruction
to get us into the Iraq War, which costs trillions
of dollars and thousands of American soldiers.

Speaker 2 (26:58):
Just let me read you one of the messages from
hig Seth. Were they war plans or not? They said
yesterday no war plans message sent eleven forty four am
Eastern Time. Whether it's favorable just confirmed w slash sent
com we are go for mission launch. Sounds relatively secret

(27:20):
to me. Sounds like a war plan. Call me old fashion,
but that sounds like a war plan. Nine away from seven.

Speaker 1 (27:26):
The Mike Hosking breakfast with al Vida Retirement Communities News
togs had been.

Speaker 2 (27:31):
The fascinating report. Yesterday. The Pope was so ill. The
doctors were going, I don't think we can do anything more,
and he had delegated all of his health responsibilities to
a woman called Masamilianistra Petty, his personal health care assistant.
They said, what do you want to do? What would
the Pope want to do? And she goes try everything.
We won't give up, That's what we all thought. No
one gave up, so they were thinking about until she

(27:53):
came to the party. Mike, I haven't seen anything official
regarding liam But do you think the fact that they
haven't come out and said know that there's truth to it?

Speaker 7 (28:01):
Oh?

Speaker 2 (28:02):
That I know? There is no question there's truth to it.
Talk to a couple of people over night who would know,
and there is sadly no question that there is truth
to it. Mike. I think most people understand why. But
this goes back to Myles Hurrale costs so much, but
why should we have to pay an international price index
when produced in our own backyard? Anthony, I'm sorry you
had to ask that question. Who would you so? But's

(28:23):
nine bucks a block and you don't want to pay that?
Who's paying the difference? Do you want the government to
write that check to you?

Speaker 11 (28:29):
So?

Speaker 2 (28:29):
What should it be? Two dollars fifty and the government
pays the rest? Every other taxpayer pays. It's like the
car business with evs? Do you want other people to
pay for your basic groceries? When you grow and produce
stuff here and sell it on international markets, you pay
the international price far away from seven.

Speaker 3 (28:46):
All the ins and the outs.

Speaker 1 (28:48):
It's the fizz with business favor take your business productivity
to the next level.

Speaker 17 (28:53):
Now.

Speaker 2 (28:53):
Unfortunately, we got insight into our creative sector this morning.
It's not great arts, heritage, sport, broadcasting, all that sort
of stuff. The stats come to us from the Ministry
of Culture and Heritage. The sector contributed seventeen and a
half billion dollars to our economy in the year to
March of last year. So seventeen and a half billion.
That's a lot of money. It's not bad. It creates
to four point two percent of GDP. But sector employees

(29:14):
just to tick under one hundred and eighteen thousand, they
think there could be another eight thousand, seven hundred jobs
to be added by twenty thirty doll I suspect that's guesswork.
The media dragging things down a bit. Negative GDP growth
the media, good old media. Negative GDP growth one point
nine percent, and employment went down for fairly obvious reasons
by zero point nine percent. So ups and overs, unders

(29:37):
neighbors or whatever they say. Is that what they say,
unders and neighbors, good times and bads to won't be
around the time Rolling tone gathers, No moss, I don't
know a couple of laws to deal with another call
from another bank to sort out this capital setting review.
Will work you through all of that, Sir Bob Geldoff
in the studio after right for you as.

Speaker 3 (29:54):
Well, news opinion and every in between.

Speaker 1 (30:01):
The Mike Hosking break best with the range Rover, the
la designed to intrigue and use togs dead.

Speaker 2 (30:06):
Be seven past seven to westpax wide into the capital
settings debate. In simple terms, Adrian or required banks to
put aside very large amounts of money for a rainy day.
The retail banks and the Finance Minister argue it's more
than they need and by doing that it costs a
lot more to do business in this country. Anyway, Massi
University banking expert Claire Matthews back with us clear, good
morning more Ndomike, this has a feel of it sort

(30:27):
of being sorted out by itself. I mean, Nicola will
as seems to be aligned with the retail banks. The
retail banks will agree with each other, Adrian, all is
gone as this is coming to an end.

Speaker 6 (30:34):
Ish Well, I guess it just depends who the new
governor is and whether they share that same view. One
of the concerns I think there is is it seems
really logical based on the way the conversations going, that
capital level should reduce, and there is certainly an argument
that Adrian or in terms of the capital level that

(30:55):
he put it, it was potentially too high, But that
doesn't necessarily mean we should go back to exactly what
they were, and that maybe it was a somewhere in
between that we need to ender and there needs to
be that careful Abalyasis got to remember that capital is
there for a purpose. It's not just there because it
looks good. It's there to make the bank safer, and

(31:15):
we've got to make sure.

Speaker 12 (31:16):
That they've got the right I manage give.

Speaker 2 (31:17):
But it's like insuring yourself. Do you ensure yourself for
a million dollars or fifty million dollars? And that's what
it boils down to, wasn't it.

Speaker 6 (31:24):
Well, yes, it's yes and no. We've got to remember
that when you're talking about the banks, you're talking about
everybody's money, and if a bank fails and there's not
enough money to pay run out, that would have a
huge impact on individuals personally, but also for the economy.
So we do need to be sure that the banks
have got enough capital to make sure that they are
able to operate effectively.

Speaker 2 (31:44):
My argument has always been, and I'm as simple ton
I know, but nevertheless, we've seen the GFC, we've seen COVID,
and we've seen the banks and they literally bathe in money.
There's no chance they're going to fall over.

Speaker 6 (31:55):
Oh that's a very dangerous thought to have banks. We've
been for in New Zealand that we have not had
a bank fail for some time, but we actually have
to go back to nineteen the early nineteen nineties when
the Baby Zellan did have significant problems and did have
to effectively be bail out. So it's not that long ago.
And if you look at the US banks have failed

(32:16):
more recently. Banks do fail, and just because they haven't
doesn't mean they're not going through this year.

Speaker 2 (32:22):
What I am interested in at the moment is Nichola
willis sniffing around as Finance Minister. Can she do what
she seems to want to do while still allowing the
RB to remain independent?

Speaker 6 (32:35):
But it's a really good question. Effectively, she can't give
any official ruling, she can't say this is what you
must do. But obviously she's got the ability to have
a significant input into the appointment of the new governor,
and is she going to recommend somebody who takes a
significantly different view from what she and the government are

(32:56):
looking at. So indirectly, yes.

Speaker 2 (32:58):
She's likely to get what she was insight clear. Appreciate
your time, as always claim Matthews Messy University Banking ten
minutes past seven score you Law for Courts and Sentencing.
So the Sentencing Reform Amendment Bill that passed its third
reading yesterday, this is the one that kept the discount.
Judges can apply repeat discounts for showing remorse. That's gone.
Law Association VP. Juli Inking Cage back with this, Julian morning,

(33:19):
Good morning Mike. Now you submitted did they listen to you?

Speaker 18 (33:24):
This is a wonderful example of demin action. I think
there are a lot of people who met it at
the slightly stage pressing very similar concerns, and they seem
to have been reflected in the changes that took place
after that select committee stage. One of the ideas was
this forty percent cap which was on all sentencing reductions,

(33:44):
which was an important part of that new act, and
that has been softened and it has been now allowing
four examples, specifically for examples where people provide information which
prevents further serious crime taking place, and that's seen as
a recognized exception.

Speaker 2 (34:02):
Would you describe yourself as happy?

Speaker 18 (34:07):
I think, and my concern is that we already have
an terribly high prison population in New Zealand, higher than
any of our comparable countries, at one hundred and eighty
seven people pair one hundred thousand. Our ramand space is
for women, sixty percent of people women in prison are
on remand our prisons are full. We have these new

(34:29):
things coming into play which are designed to make prison
sentences longer and people to be in prison longer, as
well as three strikes coming into play in the seventeenth
of June this year, and these will lead to an
increase in our prison population, which is already a breaking point.

Speaker 2 (34:44):
Having said that, if you build more prisons, you solve
that problem and you appease the population. Who would argue
we want more people in jail, even though I'm sure
you would argue against that.

Speaker 18 (34:53):
I understand that people say that, but you've got to
also understand it cost one hundred and fifty thousand dollars
about to keep a person in prison free year in
New Zealand. So that's ten more people in jail for
one year at each is one point five million, and
that would pay I'm sure for a palliative pediatric doctor
to come to New Zealand.

Speaker 2 (35:11):
Last time I looked, there was one hundred thousand. So
there is inflation for you, it's gone up to one
hundred and fifty. What haven't they Well, I googled it
last side.

Speaker 18 (35:18):
It's very difficult to give an actual figure because it
depends on the security risk of someone in prison. Someone
who's high security, it costs a lot more to keep
them than someone who's low security. So that's why there's
always going to.

Speaker 9 (35:31):
Be a variance.

Speaker 2 (35:32):
Forget the politics for a moment. If you want to
put people in jail longer, does this law.

Speaker 3 (35:37):
Do that, it'll help.

Speaker 18 (35:41):
And it does focus a lot on recidivist offending. So
where there's where they once didn't want anyone to have
a reduction for youth and remorse, what they're saying is
they don't want that being a repeated mitigating factor. And
so those are points which I think people can understand.
Why can expressed on the government's trying to act on it.

Speaker 2 (36:02):
Julian, always appreciate your company, Julian Kincaid, who's the Law
Association VP with us this morning, it's thirteen minutes past seven,
asking heik sith has in Hawaii at the moment he's
come out, and he said, it's all my fault. I
didn't know what I was doing. I'm dreadfully sorry. I'm
an incompetent. I quit.

Speaker 12 (36:19):
Nobody's texting war plans?

Speaker 11 (36:21):
Well, I noticed this morning, how came something that doesn't
look like war plans? And as a matter of fact,
they even changed the title to attack.

Speaker 12 (36:30):
Plans because they know it's not war plans.

Speaker 19 (36:34):
There's no units, no locations, no routes, no flight paths,
no sources, no methods, no classified information.

Speaker 12 (36:45):
You know who sees war plans?

Speaker 11 (36:47):
I see them every single day.

Speaker 12 (36:50):
I looked at him this morning.

Speaker 2 (36:52):
Whether it's favorable, just confirmed w scent com we go
for mission launch. What a bunch lies? I suppose their
plan is that if they say it long enough, thick
people will believe them. He's only doing his job.

Speaker 11 (37:08):
My job, as it said at top of that, everybody's
seen it now, Team Update, is to provide updates in
real time, general updates in real time, keep everybody in form.

Speaker 12 (37:21):
That's what I did that's my job.

Speaker 1 (37:24):
He is the like Asking Breakfast Full Show podcast on iHeartRadio.

Speaker 3 (37:30):
Howard By News Talks.

Speaker 2 (37:31):
At B also got a new drug test in laws
passed yesterday, so we'll talk to Chris Bishop about that shortly.
Bob Geldoff with us in the studio after eight seventeen
past seven. So it seems Liam Lawson's time in Red
Bull is over. Still nothing official this morning, but multiple
reports have laws in racing balls for Japan next weekend
while Sonoda gets the main seat. Formula One journalist Chris Midlands, Well,
there's Chris morning to you. I'm very well indo two

(37:55):
races to be dump shows. There must be panic in
Red Bull. The stap and can't make it go as
fast as they want. They're not going to get the
constructors unless they get both cars moving. Would that be
about what's driving the decision making.

Speaker 3 (38:07):
A little bit?

Speaker 5 (38:08):
I think so yeah. I think they've probably seen that
Liam struggling so much and someone who is a young
driver so inexperienced, he only had eleven races under his
belt before getting that seat. I think they've probably gone
okay before it becomes even irrepairable for him and hurts
his confidence too much. Let's make a change. And to
be honest, from my point of view, it's the decision

(38:28):
they should have taken over the winter, where they had
Yuki Sonoda, who's much more experienced, ready to go, and
he's the one you could almost risk going through something
like this with because he had nothing left to prove,
whereas Liam still had a lot of learning to do.
So it's a really tough call on Liam, but hopefully
it gives them a chance to go into a car
that he knows well, where he an environment's performed well
in and he can rebuild from there.

Speaker 2 (38:49):
What are they going to do if Sonoda can't make
the car work because the car is too difficult to
make work.

Speaker 5 (38:54):
I wish I could give you the answer to that,
because the sensible question would be they look at themselves
finally and and go, okay, why is it that we
can't give two drivers a car that is that they
can drive well enough? Let's be honest, Matxa Stappan is
an incredible talent, and then what he's doing is papering
over the cracks and finding a way of driving that
car in a way that most people can't. And that's
no slight on any other driver on the grid. But

(39:16):
that's just the standard that mats of stappens at. But
Red Bull have had problems with the second car for
five six years now. Really, Sergio Perez was highly experienced,
a proven race winner, and it all went wrong for
him last year and then they thought the way to
fix that was to put in someone with little experience
and say, go on, you do a better job, with
very little opportunity to prove himselves. So it's always been

(39:38):
a source of frustration actually, the way that they've not
made it work for both drivers over the last five
or six years, and Red Bull seems to always blame
the driver. Hopefully if UK also struggles, it will finally
mean that someone goes, Okay, this is not the driver's fault.
We need to change something ourselves.

Speaker 2 (39:54):
You I'm sure you've heard, but do you can you
confirm the ten million thing from Honda? And is that
I mean, that's if one hasn't it that end of
the DILB. But is it true.

Speaker 5 (40:02):
I'm not aware of that's true or not, to be
honest with you, and I'd actually be sort of surprised
if it was.

Speaker 2 (40:07):
It could go that way.

Speaker 5 (40:09):
But Honda leaving Red Bull at the end of the season,
they're going to be partnering with Aston Martin. That relationship
was actually a bit sour I think a couple of
years ago because Honda originally pulled out. Red Bulls started
making their own engine as a result because Honda were leaving,
and then when the regulations changed for engines for next year,
Honda decided on the new ownership or new leadership that
they wanted to come back in and it kind of

(40:29):
dropped Red Bull in it. So that wasn't a particularly
harmonious relationship anymore, and I think that's one of the
reasons Sonoda wasn't getting a chance. But now I think
they have seen, okay, like Lim's really struggling here. Do
we drag it out for a long time and kind
of see if he turns it around, but at what cost?
Or do we go with the more experienced driver we
have in our books right now and as you say,

(40:50):
the timing works for him as a Japanese driver going
in ahead of the Japanese Grand Prix and see if
he does better. I still feel they should have made
that call at the start of the season. Then it
would have been far less damaging for everybody involved, but
here we are now.

Speaker 2 (41:03):
Great to have you on the program. Chris, We'll talk again,
Chris Midle and Formula one journalists. More on Liam in
a Moment seven twenty.

Speaker 1 (41:11):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio cow
It by News Talk Zippy.

Speaker 2 (41:19):
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got that roof, you got that waistline, unmistakable rain drover.
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(42:02):
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with the fabulous rain Drover evoke fasking seventy four. Problem
with this Red Bull Liam Lawson thing is several fold.

(42:23):
One the most egregious part, obviously, as I mentioned a
moment ago, is these reports that hond is offering another
ten million to get their Mansonoda in the seat. I
appreciate what Chris says, it isn't new though they've offered
the ten million previously, and we know that to be true.
Two next weekend would be the first track Liam's actually
driven on previously.

Speaker 3 (42:39):
Red Bull would have.

Speaker 2 (42:40):
Known that when they hired him to have two races
on unknown tracks. That's tough. Three they hang in with
other drivers who struggled a lot longer than two races,
so suddenly the harshness has reached a new level and
probably reflects an internal level of panic given the performance
of the other teams. And four they know Liam can
actually drive the car. They saw it, they yest to
them he can do it, so they're not guessing. They

(43:03):
took a punt on him, but not a blind punt.
So you then have to look at the damage you're
doing to a young driver and his confidence. I mean, yes,
he's still an F one. Yes, the Racing Bulls are
improving on what they did last year, but he will
think about it this way. He will never win, mainly
because Racing Bulls is a feeder team to Red Bull,
so they're not allowed to win. Red Bull also carry
responsibility for building a cart that doesn't work. I mean,

(43:24):
even as was mentioned a moment ago, even Maxwstappan, who
was the driver of his generation, is having trouble. So
Liam goes to a midfield team to do what hopefully
perform well, to then be lured away. I would hope
to somebody who can offer the prospect of better returns
as exciting as living an F one. Dreamers turning up
every weekend to come thirteenth can't be that much fun.

(43:45):
After a while, the cutthroat part, though, I mean, I
suppose you can argue that's life. The good thing about
motor racing is they've been in it since they were kids.
They've been schooled in winning and losing, in victory and failure.
Liam's had helmet Marco and his ear forever. It's a tough,
unforgiving business. But that's the keyword business. They aren't in
it because they like you. They are in it to

(44:06):
use your talent for as long as you are useful.
The reward is if you're good, you get rich and
famous and collect trophies and buy a place in Monaco
and live your dream. If you're okay, you drive an
LP or sober, travel the world, get moderately wealthy. It
ain't over, of course, but your heart goes out, doesn't
it to a bloke who was that close and seems
sadly to be on the end of some very poor management,

(44:29):
some ruthless ethics, and the cold reality of elite sports.
Even gun to stein Er, I knowe this morning is
saying give him Japan. And that's if there's anything that
surprised me out of this. I mean not to give
him Japan. The track he knows is you know, how
do you explain it, Mike. Everyone's cutthroat, but what red
Bull has done is is nothing sort of abysmal shows.

(44:50):
Red Bull's management is a mess and heads need to roll.
There's probably something in that as well, because Adrian Newey,
if you know the name, he's gone to Aston Martin
and that'll come to fruition next year and all the
regulations in the car changed, and so as an organization
as a business, they're not performing particularly well at the moment.
But you know that's beyond his control. It's the luck
of the draw. There's only twenty drivers, there's only ten teams,

(45:11):
and so very few ever get to participate. Now, Chris Bishop,
the business of drug testing is this a matrix? Is
going to change the way the roads operate in this country.
We'll ask him about that. Got some very good news
from Hart this morning to Devil Into and Sir Bob
Geldoff in the studio for you after eight o'clock. News
is next.

Speaker 3 (45:28):
It's New Zealand's home for trusted news and views.

Speaker 1 (45:32):
The Mic Hosking Breakfast with Bailey's Real Estate Altogether Better
across residential, commercial and rural news.

Speaker 2 (45:39):
Togs Head b No one of the things just need
to tell you about if you missed them in japan court,
the Japanese court yesterday, I told you. The Japanese court
yesterday released that bloke, our longest death row inmate, paid
them one and a half million dollars in compensation. Yesterday.
Also they basically told the Moonies that they've got to dissolve.
This goes back to Abe. You might remember that. But

(46:00):
he was killed and there was a person that was
a link to the church, and the Japanese government had
been all over since The Education Culture Ministry sought the
church's dissolution, accused her of manipulating followers into making huge donations, etc.
So they're getting unwound. Meantime, in Thailand, thereafter Shinawatra, who's
currently the Prime minister, and there's been a lot of

(46:20):
Shinawatra's running the place over the years. There suggestion is
she doesn't have a clue what's going on or how
to run the country. But because she's called Shinawatra, she's
sort of got the job and is asking your father
how to run the place. So they had a no
confidence right yesterday they lost at the opposition party lost it.
So she remains in charge. A lot of feedback on
Liam seemed to be eleven teams. Mike, who knows Liam

(46:42):
may be wanted by Andred? Yeah, well, I mean he's
a good driver. You may well end up who knows
where he ends up. He may well stay for the
rest of his career. He's got a good career. He's
good for ten years at least, if not more. He'll
develop as a driver. He may well stay at Racing
Balls for ten years. But I mean, my main point
is that once you're in there, you want to be
for the right team. You want to be at Ferrari,
you want to be at McLaren. You probably eventually want
to be at Aston, or you want to be in

(47:02):
Red Bull. You don't want to be at Racing Balls
or sourbur or any of those other teams. Mike, if
our butter and I'm surprised I still get asked this question.
If our butter is based on international price, how come
people in Saudi Arabia pay around a dollar too New
Zealand for a letter of ninety one petrol. They produce
the oil but don't pay the international price. The answer
is really simple. The government pays the difference I mean,
this is not hard to understand. So the cost of

(47:24):
a product is the cost of a product. Say it
cost your buck to make it, right, you sell it
for a buck into the marketplace. If you want locals
to pay less than a dollar, somebody else has to
pay the difference. So in Saudi Arabia, the Saudi Arabian
government pays the difference. It's as simple as that. We
could sell butter in this country for three cents if
we wanted, but somebody would be paying the nine dollars

(47:45):
ninety seven difference, and that would be the tax payer,
all the government. Because a cost of a product is
a cost of a product. When he went away from
eight key, it's above the old oft is in the
studio up to late A Klotchman, twenty years since we
last chatted. He won't remember it, any of it, but
I do, well. I did yesterday after a Google it,
and I mean, how long has we been since? How

(48:06):
long since I last saw's? But he was here in
two thousand and sixy two thousand and seven, aways back
in the country. Roadside drug testing has been passed into law.
That was the other law that got through its third
reading yesterday. Police we'll be able to undertake random roadsides
the labar tests. Of course, there were a few concerns
around the people on the ADHD anxiety, whatever sort of medicines.
Transport Minister Chris Bishop with this morning, good morning, this

(48:27):
drug driving. The level of difference you would expected to make.
Is this a game changer or just another tool in
the toolbox.

Speaker 20 (48:34):
Well, it's a tool on this toolbox and I hope
it will make a difference over time. The police are
going to do about fifty thousand oral roadside fluorid drug
tests per year. They've funded to do that and we've
instructed them to do that. It's another tool in the toolbox.
About thirty percent of deaths and serious injuries on our
roads are connected to drug use. It's actually quite a
high number when you think about it, and you know,
when you take a step back and you say, well,

(48:56):
we've had thirty years of blood alcohol testing, breath testing
which people are pretty familiar but controversial when it first
came in, but it's hard to imagine the roads without
it now. I think we'll look back in five to
ten years and say, you know what, it was pretty
crazy that for a long time you could get high,
get behind the wheel and you could never get caught
and there was no punishment for it.

Speaker 2 (49:13):
Yeah, I agree with that, But at most of the
problems of the cannas you talk of, are they drugs
and drink related? In other words, if you get the drink,
you'll get the drugs, or do people exclusively take drugs
and go drive.

Speaker 20 (49:23):
All the figures I've got are that drugs and alcohol
are are combined the number one cause of death and
serious injuries, and drugs are a big part of that.
And you know we're time to take action. Parliament's had
three goes at this over the years, you know, Julie
Jinto trides do it nashtrite and we think we've got
it right now.

Speaker 2 (49:42):
The prescription drug aspect of it, people on ADHD or that,
do you wait that, do you give that some credence
or not?

Speaker 21 (49:50):
That The tests won't pack up for that stuff.

Speaker 20 (49:53):
So it's testing for things like cocaine, ecstasy, marijuana, And
they've got some pretty sophisticated tests out there that other
jurisdictions use that we're hoping to use here where you
pick that stuff up and you know it would have
two tests at the roadside and you know, then if
there's two tests that you fail, then you will be

(50:16):
banned from driving for twelve hours.

Speaker 2 (50:18):
While I've got you this k road building that you're
on about the other day, you are RMA reform. I
note the Fed farmers behind it, which is good. But
we have Hipkins on the program yesterday. I can't work
him out. He sounds like he wants to cooperate, but
I don't think he wants to cooperate. At the end
of the day. Is cooperation going any wear hand on heart?
Do you reckon?

Speaker 22 (50:35):
Yes?

Speaker 14 (50:36):
It is.

Speaker 20 (50:36):
I've written to Labor and the Greens and I've said
lot in good faith, let's sit down and work together.
Now we have election commitments around, you know, making it
easier to farm, get well ins and out of farming.
We're not going to compromise on those. But you know,
RMA reforms big right. This devil is in the detail
on this stuff, and I want to genuinely work with
the opposition to get it right. It's an everyone's interest
that we have a stable regulatory environment. And I reckon,

(51:00):
And you know, when there's a weld as a way
if we can get some stability on this stuff, it's
really important. So I'm really determined to try because it's
in the country's interest.

Speaker 2 (51:07):
Will you be the person that changed the direction of
the country in terms of regulation so we never see
a k road building like that rejected, or a wind
farm in Southland rejected in a way that no one
can truly explain.

Speaker 3 (51:22):
Mike, that is my aim.

Speaker 20 (51:23):
I wake up every morning determined to try and liberalize
the planning laws in this country. It's totally insane where
we've got to. It's too hard to build houses, too
hard to build energy projects, too hard to actually get
stuff built in this country. And the lot if I
can end my time as in Parliament having fixed our
planning laws so that we can actually get on and
build stuff again, and I'll be a happy man.

Speaker 2 (51:44):
Here we go, all right, good on, you go well
Chris Bushop the RMA but also Transport Minister of course.

Speaker 1 (51:50):
Seventeen to eight The Mike Hosking Breakfast Full Show podcast
on iHeartRadio powered by News.

Speaker 14 (51:57):
Talks that be.

Speaker 2 (52:00):
Minutes away from It's going to very well at the
Intel Select Committee on the Hill this morning. So this
is Jimmy Gomes and he's asking Tulsey Gebbett, who seems
to have been in the firing line for about two
days now, probably feels like three weeks. John Retcliffe is there.
Redcliff is the head of the CIA. The question is
with a higg Seth who has form on this had

(52:21):
been drinking when he takes to the wall plans her knowledge.

Speaker 23 (52:24):
Do you know whether Pete Hexat had been drinking before
he leave classified information?

Speaker 10 (52:31):
I don't have any knowledge of Secretary Hegsath's personal habits.

Speaker 23 (52:36):
Director Radcliffe, same question, yes or no?

Speaker 24 (52:43):
You know no, I'm going to answer that. I think
that's an offensive line of questioning. The answer is no.
I find it interesting that you want to you know,
I know I'm going to answer.

Speaker 12 (52:52):
You answer a question. Do you want to answer no?

Speaker 24 (52:54):
Listen, I don't want to focus on the good work
that the CIA is doing, that the intelligence community.

Speaker 9 (52:59):
Correct.

Speaker 23 (53:00):
Sure, I want to reclaim my time, Director, I reclaim
my time here. I have huge respect for the CIA,
huge respect.

Speaker 2 (53:08):
For men and women in uniform.

Speaker 23 (53:10):
But this was a question that's on the top of
minds of every American.

Speaker 2 (53:15):
So I went unanswered. But he did say, Reckcliffe that
one of the participants he was on that chat that
predecisional strike deliberation should be conducted through classified channels. So
it's a remarkable thing that we're witnessing because you've got
several problems. Problem number one, they were doing what they
were doing anyway, and that was bad enough. Problem number two,

(53:36):
they lied about it. Problem number three, when they lied
about it and got busted, they then still run this
line about how it's this poor SAPs problem at the Atlantic.
Now let me ask you this question. Other issue is
locally Dylan Walker, who you may or may not know
as a warrior, who's not a warrior anymore. He played
his last game last Friday and what was a very
good win over the Sydney Roosters fourteen six. Anyway, Dylan's

(53:57):
another one of these people who, on compassion, has been
let go from the side. He wants to go home
to Australia. So here's my question to you. And this
was aidan former Blake, and we had the same problem
last year. How many of these people sign contracts. We
don't know what the grounds are. They are compassionate grounds.
The warriors do the usual thing, and I suppose it's
I can't work out whether it's the nice thing to
do or whether it's the modern thing to do. He

(54:19):
goes with our support and best wishes. He came to
us from Manly. He's very good, kind of be nice
if he stayed all that stuff. But here's the problem.
When you're bringing these people in from Australia and I'm
assuming it's family related. When you're bringing these people in
from Australia and you're signing three year deals. I mean
it's one thing to sign a one year deal. I
get it and go, look, you know, I might have
some kid problems or you know, alimony problems, or family problems,

(54:42):
or illness problems or whatever, so let me sign for
a year and we'll see how we go. But when
you're signing a three year deal, you're making are you
not a commitment to the side for a in this case,
three year period of time? And as an adult you've
got to own a bit of that and go yep.
Things have changed for me across the Tasman. But I
deal as a deal in Net's life or am I
being because a lot of people go, we'll make them pay.

(55:04):
But of course the counter from the warriors is you
don't want somebody there that doesn't want to be there,
sulking on the bench and not doing the right thing.
So I don't answer them between a rock and a
hard place, but clearly it's a problem for us and
getting people from across the Tasman ten Away from eight.

Speaker 1 (55:18):
The Mic Hosking Breakfast with the Range Rover Villa News Togs,
Dead Bees.

Speaker 2 (55:22):
Giving Away from It. Turns out it was a summer
to remember for many growers of the cherry industry. The
latest to break records. Five thousand tons were exported for
the first time, smashed the twenty seventeen eighteen season out
of the park by about eight hundred tons. Are the
summer few. New Zealand CEO Dean Smith's with this. Dean,
very good morning to you.

Speaker 22 (55:38):
Good morning Mike.

Speaker 2 (55:39):
Quality and quantity was the quality just as good as
the quantity.

Speaker 22 (55:43):
Look the quality the export quality this year was strong
and it needs to be. You know, we're a quite
high quality product and so I guess to occupy that
premium place in the market, that's what we need to
be focused on.

Speaker 2 (55:53):
And we're getting good prices.

Speaker 22 (55:56):
Well, look, I guess you know, the top line numbers
look favorable for the year, but we need to be
we need to remember I suppose those numbers that have
been floating around are based on the FOB value for
customs purposes. I guess we're a little bit too soon
to know. I guess just what the returns are going
to look like for growers, But we're I guess cautiously optimistic.

Speaker 2 (56:13):
What's the bigger picture the markets we're in as their
room for growth, is the room for new markets?

Speaker 22 (56:19):
Well? I think both absolutely both. I mean, if you
look at the profile of the markets that we're in,
Taiwana is actually the largest market for New Zealand cheries
by a long way. We're obviously the second biggest market
there being mainland China, which obviously is much larger market.
So you know, that would suggest that there is significant
potential there, but it's a very competitive marketplace like the
Chilean's especially have really increased their production as well. So

(56:42):
as I said earlier, we have.

Speaker 2 (56:43):
To be focused on quoth is it like wine? And
do excuse my ignorance, the profile of the New Zealand
cherry Do you compete with Chile on profile? Or is
a cherry a chery?

Speaker 7 (56:53):
Oh?

Speaker 22 (56:53):
Look, cherry is not just a cherry. A cherry is
about a number of things. It's about the obviously the
taste and the profile of it, but it's also about
the efficiency of our supply chains and how quickly we
can get our product up there into market. And that's
one of the hallmarks of the New Zealand cherry as well.
It's fresh and it's got lovely purity and it's just
a great eating experience here.

Speaker 2 (57:11):
And what about acreage here? Is that growing? Are people
planting or not?

Speaker 22 (57:15):
Yeah, Look, there has been recent investment into the industry,
which I guess is why we expect that top line
number to be growing, because we need that return on
that investment. So there has been investment there. There's also
been some investment as well into improvement of existing growing
systems as well, which is I guess another factor in
terms of what's driving yield.

Speaker 2 (57:34):
Good stuff. Dean good Insight, appreciate it. Dean smith Somemmer
Fruit news Hilla another record that's good. At one hundred
and twenty four million dollars. They've got a long way
to go to reach Kiwi fruit and grapes of course,
grapes at a couple of billion and kiwi fruit of
four billion. But we'll take it. We'll take anything now.
But for long term forecast. I don't notice long term
forecast because they might as well throw a data toboard.
But they're suggesting this summer of ours continues. There's no

(57:55):
real rain in the forecast. It depends. I mean, you know,
you tell good news storyline Cherry's fantastic lot of farmers
around the North Island. Parts of the North Island at
the moment really really struggling with the dry Where we
are in the country. I notice, interestingly enough, the farm
I look across the hill ath all across the valley
is still green, green ish. It's not spring green, but
certainly not brown the way it has been some year.

(58:17):
So it very much depends on where you go around
the country. I guess, Mike, is breaking a sports contract
not like breaking a mortgage you got to pay a
break fee? A good question, actually, I mean technically, I
suppose they could go hardball and go, look, you can't
break your contract. Deal's a deal. If you do, we
want some money. But the Warriors aren't like that in
my experience these days. Contracts, so if you're a talent,

(58:38):
the powers in your court, Mike. Surely, with Honda involved
with RB, they want the Japanese driver to get the
Japanese crub. Well, of course they do. That's where the
ten million dollars, if that's true, came from. I mean
from a point of view. I mean, but would you
want it? Think about Yuki Sonoda turns up this weekend
week in Japan. They'll go off, and what sort of
pressures he under to get in a car that doesn't

(58:59):
work well and do something spectacular? I mean, if he does,
he's a hero for life. But if it all goes wrong,
it all goes wrong, So that'll be interesting. Mike just
got in the car to drop the kids at school.
Have we missed you discussing limb? Yeah?

Speaker 17 (59:11):
Will you please say something about Liam Lawson?

Speaker 2 (59:14):
I mean, how many times? How many times do I
have to tell you I'm not running this program for
your school. Run starts at six, ends at nine. It's
a free flowing affair. We do what we want at
the time. And if you just hoping to pop in
the card, the question, the more important question is just
before you popped in the car and turned the radio on.
Good that you're doing and educating the kids, But what
were you doing beforehand?

Speaker 14 (59:34):
Eh?

Speaker 2 (59:34):
Why won't you listening beforehand? Readily available to you three
hours every day. Bob Geldof, is he here?

Speaker 21 (59:40):
Oh he is here?

Speaker 2 (59:41):
Oh good, Well, then he'll be with us after the news,
so that works out well.

Speaker 1 (59:45):
Then setting me agender and talking the big issues, the
mic hanting, breakfast with a Vita, retirement, communities, life, your way, news,
togs head, be it.

Speaker 2 (59:58):
Seven minutes past day, leave it or can believe at
the boomtown rats are marking fifty odd years in the business,
and the group wouldn't be the only thing that Bob
Geldof did, of course, the change music.

Speaker 14 (01:00:07):
All the world.

Speaker 2 (01:00:08):
That's also the fortieth anniversary of band Aid. And you
put it all together in a stage show and you've
got a couple of dates here. It's called an Evening
with Bob Geldoff. Songs and stories from an extraordinary life,
and the great Bob Geldof is with us. Good morning,
good morning, Good to see you you too, Mat. We
were talking about health off air, and because you look amazing,

(01:00:29):
because the last time I was explaining on the show
before you arrived, last time I saw you was twenty
years ago and you didn't look a lot different then,
so either you were aging. You've got to say something else.
You look terrible to me.

Speaker 3 (01:00:39):
I know, yeah, yeah you were.

Speaker 2 (01:00:40):
You were either aging poorly then and brilliantly now. I
don't know what's going on, but you look and find
fettle and good health. But it does remind me of
in talking about health and all the performance stuff. To
do something each day, to have purpose keeps you young.
Is that fair? Do you think? Absolutely fair?

Speaker 21 (01:00:57):
There's you know, if a human doesn't it purpose and
it can be whatever, then what's it about?

Speaker 11 (01:01:04):
You know?

Speaker 21 (01:01:05):
There has to be some point to existence, I guess.
And the problem with unemployment is simply that you know,
you fall into this sort of you know, I don't
distitute this lethargy, and you can't get up. It's just
like I woke up and now what. And it's a
very good point because I tend to do things. If

(01:01:27):
the phone doesn't ring, I get worried and I then
have some mad idea that I'll embark on. And because
I live in London, the possibility of an idea happening.

Speaker 2 (01:01:38):
Is quite high.

Speaker 21 (01:01:40):
So two days later there's these people ring me, Yeah,
let's do that. And five years later, I'm still involved
in this thing that bored me in the first place.

Speaker 2 (01:01:47):
I never wanted to start it. So yeah, that's it.

Speaker 21 (01:01:51):
And I don't even know, like you know, I just
get up and do stuff.

Speaker 14 (01:01:56):
That's it.

Speaker 2 (01:01:56):
And it's worked out, okay, hasn't it? In general?

Speaker 14 (01:02:00):
Yeah?

Speaker 21 (01:02:00):
I mean, you know, I think most people think they
get up and do a job and they're not particularly
satisfied with the job. But imagine if you didn't do that,
you know, I can't imagine.

Speaker 2 (01:02:10):
Do you still enjoy performing?

Speaker 7 (01:02:11):
I do.

Speaker 21 (01:02:14):
It's very cathartic and it varies like this thing we're doing.
I mean, you've read the long opening to it.

Speaker 14 (01:02:20):
I said, why call it?

Speaker 2 (01:02:21):
Why call it the life and next doraor whatever?

Speaker 21 (01:02:23):
I said, I just call it life.

Speaker 2 (01:02:26):
WTF, you know, because you know who'd have thought?

Speaker 8 (01:02:30):
So?

Speaker 21 (01:02:31):
I do enjoy doing this because it's why would I
do it? Because it was put to me just before
Christmas in Australia when I was talking about band Aid
the fortieth anniversary, and they said, why don't you tell
those stories in a sort of show thing? And I'd
seen the an evening with stuff where you just sit
down with a guy like yourself, and I do these

(01:02:53):
interviews all the time, and I didn't want to do
that and I'd seen Springsteen's One Man Show. I'd seen
Bono's One Man Show.

Speaker 2 (01:03:00):
They're both Irish.

Speaker 21 (01:03:01):
I'm Irish. We can tell stories, and I thought i'd
do it more like that, more theatrical, with you know,
visuals and songs and all that. And I really enjoy
it because it's not something i'd normally do in the summer.
As you said, the rats are fifty, we'll do all
the big festivals. And then we're talking off Mike about
you know, suddenly Bobby Boonetown's in the house and it's

(01:03:24):
lame for anyone listening, but the you know, the sagacious,
quiet person you're listening to right now becomes something else,
and that band start up, and it must be that
the music excites me and I go absolutely nuts and
I don't mean to. It's not something considered and by
the end of it, I'm completely exhausted. But it's a

(01:03:46):
great Catharsis. It's a great sense of something being done.
I was going to say being achieved, but that's two
grand so.

Speaker 2 (01:03:56):
That the show goes on. In reading you in Australia,
it can go for any length of time. Yeah, would
you just a thing you and I did a thing
in two thousand and six.

Speaker 21 (01:04:07):
With the great Malcolm McLaren, you know, certainly a cultural
avatar of our times, you know, Vivian Westwards, partner and
designer and the sex Pistols manager and one of the
great speakers.

Speaker 2 (01:04:20):
Yeah, and.

Speaker 14 (01:04:23):
That some of did.

Speaker 2 (01:04:24):
The audience asked him a question and.

Speaker 21 (01:04:25):
The answer took up forty five minutes and he never
once addressed the question. So it's a bit like that
with this show. It can it can't bring us sleeping
bags all I'm saying.

Speaker 2 (01:04:35):
It could go on. By the way, speaking Irish people,
Colin mcgrigord, do you realize he wants to run for
the president of Ireland?

Speaker 8 (01:04:41):
Yeah?

Speaker 2 (01:04:41):
Would he? He's creep? Okay, so not no vote from Bob.

Speaker 21 (01:04:47):
Did you see how he humiliated himself and Ireland with Trump?

Speaker 11 (01:04:52):
You know?

Speaker 2 (01:04:53):
Awful?

Speaker 21 (01:04:53):
I mean I've had so many memes from people saying
how shamed they are?

Speaker 2 (01:04:57):
You know, did you do you from where you came from?
Speaking of Ireland, when you start out, you know, in
the meat works and the diggers and stuff, do you
appreciate what you've achieved more as opposed to have been
born into it? You've got a guitar, and success came
your way.

Speaker 21 (01:05:14):
And no, I don't appreciate it, because it's if you're
living a life as anyone listening or you know, it's
sort of a linear thing. In retrospecting, things appear inevitable.
The only thing I know is that because I was
offered no choices. Ireland was very poor, my dad had
no money. I did nothing in school, So you know,

(01:05:36):
you leave and you invent yourself into being. And the
only thing I know is that initially I just went
for jobs where I could get a bit of money,
take me to the next country, the next job. Something
was going to happen, and I was working towards something
when out of the blue the band started. But I

(01:05:57):
would always take that road less travel, and that seemed
to me to offer the most opportunities. And even when
the band was really peaking at its height, I got
distracted by something that interested me. And if it interests me,
and it's got something to do with an interest in

(01:06:18):
the past, and I'll go down that route. So but
everything spins off of rock and roll, really, everything spins
off of it. Things were not great when I was
a kid, so the only avenues of possibility were suggested
by you know, John and Paul, Mick and Keith, Bob

(01:06:38):
and Pete and those people. And I clung onto that.
And the message seemed to be that the world was
not immutable, that change was necessary, desirable and evitable. And
because I was young and listening to these people suggesting
that rock and roll became the rhetoric of change and
indeed the platform so that leads you to live aid

(01:06:58):
you know, that sort of stuff, and uh, you know,
retrospectively again, all the other stuff spins out of that fact.
That's central fact of pop music and rock and roll,
which seems, I suppose, seemingly lame, but for me was
a true a golden thread lowered out of the purple

(01:07:20):
ether of rock and roll, which I've clung on too
ferociously ever since.

Speaker 2 (01:07:24):
Listen, hold on Don't Go Brief break more from Bob
Geldof In a moment fourteen past.

Speaker 1 (01:07:28):
The mic asking Breakfast Full Show podcast on iHeart Radio,
pollt by News.

Speaker 2 (01:07:33):
Talks It Be Talks seventeen past, I said, Bob Gueldof
is a guest. A couple of quick questions before I forget.
I don't know that most people know this. What was
it called PS? Twenty four year company. It was planning
twenty feur. Yeah, and it got sold eventually. But did
you been survivor?

Speaker 14 (01:07:49):
Yeah?

Speaker 2 (01:07:50):
See, people don't know that about you. They think band
aid and I don't like mondays, but don't don't put
it on my gravestone. Did you clip the ticket on it?
Did I what look the ticket?

Speaker 18 (01:08:00):
You know?

Speaker 2 (01:08:00):
I did the money complying? That was that was that
was the big payoff. That was the magic.

Speaker 21 (01:08:05):
Yeah, we had So after live Aid, I hadn't worked
for two years because you know, trying to all do
all this stuff and focus on them to set up
the structure and the trust and the actual enabling of
you know, putting everything into place. And I was broke
because I promised that every single penny we got will

(01:08:25):
go to someone in need. And after we're forty years
old now I have to tell you that not a
single sandwich, cup of coffee or phone call has come
out of that money. And we do it every day.

Speaker 2 (01:08:38):
But I was broke.

Speaker 21 (01:08:39):
And the band, because we hadn't worked for two years,
they'd gone off and done separate things. Pete became a
big producer. Some of the band played with other guys.
So the first thing I did was write a book.
Then I did some ads to get some money. Then
I started making solo records. But because I've been as
I say, everything spins off roll, because I've been in

(01:09:01):
music for ten years, on every TV and radio show,
it was second nature to me. So I set up
a TV company with two friends of mine, and again
the attitude was very like The Rats was very punk.
You know, let's let's turn over the Apple cards. There's
got to be something underneath it, and there was. We

(01:09:21):
had a the go Go, go to rock and roll
show of the nineties was the word that was ours,
and there was. We had the Breakfast franchise for ten years,
two hours every day, five days a week. That was
the big make or break thing. But out of the
word came there was a section called I do anything
to be on television, and you know, it got grotesque

(01:09:44):
people as people wrote.

Speaker 2 (01:09:46):
In with things.

Speaker 21 (01:09:46):
And I remember once was a lady of ninety in
a bath full of worms being kissed by a seventeen
year old boy.

Speaker 2 (01:09:54):
And that is grotesque.

Speaker 21 (01:09:56):
And I mean it probably appears to your you know, oh,
this disgusting sense of humor in this country.

Speaker 3 (01:10:02):
But you know, I just thought no.

Speaker 2 (01:10:05):
So we got called in.

Speaker 21 (01:10:07):
By Channel four, which is the alternator of Channel in
the UK, and they said, look, there's this new thing
called reality television. We want you to make this edgy,
you know sort of thing. We said, what are you
talking about? They said, you know, like police cameras action
you get real footage of people being arrested and all
that stuff. And Charlie, my partner, just said, that's our reality.

(01:10:27):
And they said, so what is reality? And life is reality?
You're compressed into this short time period with all these
pressures put upon you.

Speaker 2 (01:10:37):
How do you deal with that?

Speaker 21 (01:10:38):
And you know you've got to make friends with people.
So what happens if that's artificially constructed over a short
period of time and people get to vote on whether
you know.

Speaker 2 (01:10:48):
They like you or not? And so that was Survivor.

Speaker 21 (01:10:53):
We sold it first to Scandinavia. We never made it.
We saw scanned EVA and Charlie said, look, people will
we act to this very differently. You need to profile
people coming on this. And I think I can't remember
which country exactly ran out first, Sweden, Norway, Denmark and
the first guy I think voted off killed himself. I

(01:11:16):
think that's what happened and the place went nuts. And
they hadn't profiled he was very vulnerable. People had you know,
his peers had voted him off. And so I think
it was went off the air, but everywhere else bought it.
That's how sick it was, you know. So in America
it turned out to be the Beatles of television. So

(01:11:36):
Beyonce did I'm a Survivor, Destiny's Child. Pontiac brought out
the Pontiac Survivor and yeah, we killed it and we
never made it. We franchised it.

Speaker 2 (01:11:47):
And the idea is the magic though, wasn't it the magic?
The idea? Yeah?

Speaker 21 (01:11:52):
Yeah, And you know, thank God for Survivor.

Speaker 2 (01:11:56):
You know, I watched you on British television last year.
I felt bad for you when the fortieth anniversary of
Banda Live I came along because I thought it summed
up everything that's gone wrong with the world. What you
did forty years ago was a stroke of genius and
was done from the heart and for the right reasons.
Forty years later, it's a winathon. It's like, yeah, you're
preaching to the Africans. It's like, you know, let's how

(01:12:18):
the world has changed, isn't it.

Speaker 21 (01:12:20):
Yeah, there were two things going on. One is you
want to keep as many people alive as possible from
starving in the world of food surplus, it's absurd. And
then there's a newer sensibility which is completely different to
what we were doing about, especially from the children of
African emigrets, a pride and where they come from, and

(01:12:43):
they feel this is sort of shameful, you know that.
But we didn't care what sort of people were dying,
if they were Martians, if it was happening in Yorkshire,
if it was happening in Wellington, I'd have done the
same exactly. And so you know, there's two separate issues.
You understand both of them, but one gets in the word,
the other the simple act of helping it. Just turn

(01:13:03):
your head, let me give you a hand up here, mate. Yeah,
and that's all it was, exactly mate. Good to see
you again, you too after twenty years. Come back in
another twenty you'll be ninety two. Yeah, pretty, Malcolm, listen,
lovely to see you have a good couple of those,
will give the details. Nice to see you so. Bob
geldof a twenty three.

Speaker 3 (01:13:19):
The Mic asking Breakfast with Bailey's real Estate news talks.

Speaker 14 (01:13:22):
Did be no.

Speaker 2 (01:13:24):
You often hear us talk about the Healthy Aging Pack
from About Health. Of course, now that includes the renown
that risby Ultimate. The list is oil that's great for
everyday health and well being. But if you're someone who
needs extra support with the joints of the brain health
and if your body has gone through challenges that needs
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maybe time to give the Ultimate Healthy Aging Pack a
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Ultimate Healthy Aging Pack is when you you know, basically,
when you only want the best, and why wouldn't you
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Eight hundred triple nine three oh nine. That's the number
for about Health online. It's about health dot co dot nz.

(01:14:07):
Order today. That'll save you sixty bucks already, so you're
already better off. Use the code breakfast and we'll give
you a free one month supply of the Lister's Nightcap
that's valued at forty nine ninety five absolutely free. So
it is all good. It's all the best life Maxina
and Lester's oil advanced from about health pasking My Bob
Geldoff is a gritty, truthful inspiration. I would always take

(01:14:29):
the road less travel. That's a self reflection that everyone
can gain from. Isn't he a nice blow? I'll give
you the details. You've got three shows and the concert
that's coming next couple of days. Give you the details
and a couple of minments and then we'll get to
Britain and Rod Little on the My Casking Breaks.

Speaker 1 (01:14:49):
The Breakfast Show, Kiwi's Trust to Stay in the Know,
the mic Hosking Breakfast with the range Rover, the law
designed to intrigue and use togs deadb Mike.

Speaker 2 (01:14:59):
It's annoying that for the last ten years we watch
Australian Highway Patrol doing roadside drug tests on television, yet
our idiots here in Parliament and not been able to
pass or implement any until now. Shane, it's a very
good point. But mind you, if you've been listening to
Tamotha Paul this week and her views on crime and
justice and punishment, it won't be a surprise to you
Geldof by the way, Sir Bob, tomorrow night in Auckland,

(01:15:19):
Saturday in the Capitol and if you want to head
to Teg daintyteg Dainty dot com for ticketing and to
information twenty three.

Speaker 16 (01:15:28):
To nine International correspondence with ends and Eye Insurance, Peace
of mind for New Zealand business on.

Speaker 2 (01:15:34):
A little morning to you.

Speaker 14 (01:15:37):
Good morning mate.

Speaker 2 (01:15:38):
So the spring statement, much anticipation, much build up on this,
and we got pretty much what they said they were
going to you cutting welfare and a lot of people
lose out, a few people I note gain there's more
on defense. Let's do the cuts first of all. With
that many people having money taken out of their pocket
or not arriving in their pocket in the first place.
Is there a political price to pay for this or not.

Speaker 14 (01:15:59):
That's a very big political price to pay for this.
For Rachel Reeves, I think Rachel Reeves is on her
last legs, to be absolutely honest, because let's leave aside
the fact that her budget in the autumn of last
year destroyed what was left of a fairly frail economy
by putting up national insurance and hammering with small businesses.

(01:16:22):
She's suddenly seen that the reason the OBS, the Office
for Budget Responsibility is OBIA has made this fling statement
is to correct the huge problems which were caused by
her last budget. And as laborers put a lot of
faith into the OBR, there's nothing they can do about it.
They just have to carry on with it. And that

(01:16:44):
means that she is going to be cutting benefits now.
You know, between you and me, right, there's five billion
pound cuts between now and twenty thirty That to me
doesn't come anywhere near the level we should be cutting
benefits by not it doesn't scrape the surface. But what

(01:17:05):
it's done is it's aroused the fury of the backbench
Labor MPs who say they cannot possibly vote for this policy,
that it's not a labor policy. And so the left
of the Labor Party and actually the soft left are
in some real ferment about this whole problem. So it

(01:17:28):
remains to be seeing what you can done, how many
people affected by it. The thing you will hear on
our radio every day is fifty thousand children. It's become
this kind of mantra that fifty thousand children are going
to be made worse off. Well, actually they're not going
to be made worse off if their mums and dads
get a job.

Speaker 7 (01:17:48):
You know.

Speaker 14 (01:17:49):
That this is the problem we have. We have two
few people in employment, two few people actually going out
to do a day's work, partly because wages are low,
but partly also a hangover from the furlough system of COVID.

Speaker 2 (01:18:06):
It's an amazing thing. I was watching or listening to
Angela Rayner, she was on BABC, She's on Radio four
and she goes, the working class do not want handouts,
but they want support to find jobs. And I thought, well,
that's a good line, but your benefit system would indicate
they're perfectly happy to have a handout and they can't
be bothered getting a job. Is that fear?

Speaker 14 (01:18:28):
I think up to a point. I think Rainer has
a good point there, and it's a point I've been
making to various friends in the Labor Party recently, which
is that there is nothing the hard working working class
hate more than sponges.

Speaker 2 (01:18:46):
Yeah.

Speaker 14 (01:18:47):
It absolutely gallsome when they're working. And our big problem
is we have a low wage economy. But latly it's
a consequence of immigration. But we have a low wage
economy and people go out and they graft for for
ten hours a day, and their wives are out working
for ten hours a day, and they come home and
they see their next door neighbor, you know, getting a

(01:19:08):
taxi back from the pub having been on benefits all day.
It really really great, and it happens. You know, It's
been mentioned to me colloquially so many times, so she
may have a point, but there's no question, Mike. You
know that the furlough scheme put ideas into our heads

(01:19:28):
which we had not previously happ and that's that it
doesn't matter if we work, the government will pay for us.

Speaker 2 (01:19:34):
Yeah, exactly, Defense two point two billion. What does that bind?
Does that go anywhere towards the europe needs to stand
on their own and America's out of it? I mean,
does that fix any sort of problem or not?

Speaker 14 (01:19:46):
No, I mean it doesn't remotely fix a problem. It
is welcome. I think most people would say it was welcome,
particularly obviously the armed services. The aspiration, I'm told by
people who are advising Sir Keir Starmer, is to reach
the end of this parliament with spending on defense at
four percent, which would put us above what the US

(01:20:06):
spens of defense. So there is a genuine wish to increase,
to increase expenditures so that we can lead Europe in
being able to defend the continent from whoever is menacing it,
whether it be Vladimir Putin or g or indeed Donald
Trump trying to take over Greenland. We feel more cornered.

(01:20:28):
I think it's fair to say lim at any time
since about nineteen thirty nine.

Speaker 2 (01:20:33):
As regards GDP, the forecast has gone from two percent
to one percent, which is never good for a politician.
She claims that it's going to get bitter eventually, but
she would say that, wouldn't she how idly does it feel?

Speaker 14 (01:20:47):
It's not good. It's not good at all. What she
should have done was swallow a little bit of humble
pie and do something in the buttet which relieved the
problems for small and medium businesses, which are the bedrock
of our economy these days. And she didn't do that.
And you know, I've had businessmen ranting up me on

(01:21:08):
the telephone saying you've got to hold them to account
on this, and there seems to be no way forward
with growth. One of the one area where there might
be growth is on the labor government's proposals to pave
over the entire country to build more houses for people
who shouldn't be coming here in the first place, which
will undoubtedly generate growth. You know, that will do it

(01:21:31):
if they actually stick to their what they're planning to do.
But it also seems to me that it won't be
terribly good for the country.

Speaker 2 (01:21:38):
No, you started us by saying she's on a last legs.
If she's on a last legs, who's a replacement?

Speaker 14 (01:21:44):
Well that that is their major problem. But there is
talent on that labor front bench. You know, there's people
like John Heaey at Defense, who's very very good West
Streeting at health. That would be a canny move.

Speaker 2 (01:21:58):
You move.

Speaker 14 (01:22:01):
The closest challenger that we have at the moment to
secure starma. We move him from the comparative ease of
health to the Treasury and see if you can rescue
the situation. So there are people there, but it's I
don't know the mechanism by which Starmer could get rid

(01:22:23):
of Reeves at the moment, beause is so closely tied
to her. But one assumes that it can't be that long.
Perhaps the next growth figures, perhaps perhaps when National Insurance
comes into bite in April, then we will see the
true catastrophe.

Speaker 2 (01:22:40):
Always a pleasure might catch up next week roder Little
and Britain just before we leave Heathrow. By the way,
it's official, they had a counter tier of people had
a look at the fire. There is no evidence to
seduce anything was dodgy. It was just a substation that
blew up. The remaind questions, of course about what Pethrow
should have done, the fact they were reliant on one
pass or so, all those sort of questions still remain
very much. But as to the nefarious activity or suggestion

(01:23:03):
of came to nothing. Eight forty five The Like.

Speaker 1 (01:23:07):
Asking Breakfast Full Show podcast on iHeartRadio Howard By News
Talks that Be.

Speaker 2 (01:23:13):
Mike heard you talking about gut health yesterday morning. We
educated across New Zealand about the impact of gut microbiome
on physical and mental well being. The gut brain access
is an essential tool for combating the current mental health crisis.
More people need to understand the implications of their gut health.
Everyone has a gut so that democracy is fairly broad.
Alice appreciate it. The gut foundation of New Zealand cannot

(01:23:34):
spook advocate for gut health more. Very pleased also to
read yesterday. I was sort of at this time talking
to Steve, just out loud, being frustrated at what's happening
to Australia, the Australian economy, the Australian country, with the
politicians just literally trying to outbid each other, with an
economy that doesn't have the money and can't handle it.

(01:23:55):
But a very good piece of writing if you want
to read it in The Australian and the City Herald,
Albanese indutting bidding to buy your vote with no regard
for the price. Australians are about to be invited to
an auction, which is literally what it was and.

Speaker 10 (01:24:07):
What I mean.

Speaker 2 (01:24:08):
Obviously, time will tell as to whether people get sucked
in by that or whether people maybe people just don't
care anymore. Maybe COVID has changed us all forever. We
went to work from home, we took some extra days off.
Government can run up any amount of debt they want.
Who cares is not our problem anymore. The tax argument,
they write, the tax argument means hiding some ugly facts
from Australia because the nation's finances are two week to

(01:24:29):
sustain an election, spendeth on worse. Both sides dodge the
truth worth misinformation. The debt rises to nine hundred and
forty billion this year, keeps growing to one point two
trillion by June of twenty nine. Does anybody care? As
the questions aplicable here, It's applicable in Australia, certainly applicable
in places like America. Equally, I read this morning with
a great ilementrist The Australian Labor Party compensated bloggers social

(01:24:52):
media influences for their expenses to come to Canberra. So
first of all, they invited these bloggers to Canberra for
budget time. So come to Canberra and come to the
lock up and have a look at what we're doing
and then post it out on you on you with.
They had a sports where brand ambassador, they had a
charity founder, they had some Instagram finance advisors, they had
a left wing feminist influencer. The party provided quote unquote

(01:25:15):
logistical support. In other words, they paid their air fares.
They didn't pay them per se, but they reimburse the expenses.
Thirteen in all people invited to report on the budget
selected by the party and the government ministers. Now, next person,
I get on high up in this government. I'm going
to ask whether they do this here because that strikes
me as dodgy. Does that strike you as dodgy to

(01:25:38):
say we'll pay your air fare, we'll put you up,
we'll probably buy your can a coca and a sandwich,
Come into the lock up and just you know, get
out to your people and tell us what you think. Now,
if you've chosen them, that's different to you a random
poll of twenty bloggers. You might, you might go fair enough.
You choose them, you're choosing the content. So it's like

(01:25:59):
them ringing me and saying, Mike, we'll pay your airfe
at a Wellington and we'll take you out to dinner.
Come sit in the lock up and then you just
tell people what you think.

Speaker 17 (01:26:09):
Eventually, the bigger question is I can't believe thirteen people
said yes, I would like to go to Canberra.

Speaker 14 (01:26:14):
Please.

Speaker 2 (01:26:15):
Have you not met an influencer? They would go to
the opening of an envelope nine away from nine.

Speaker 1 (01:26:21):
The make Hosking breakfast with a Vita Retirement Communities news
togs had been.

Speaker 2 (01:26:27):
Are the averages came out yesterday from I think the
Stats Department average. You know, are we average hourly average wage.
If you're in a full time worker, your average hourly
rate in this country's forty two to fifty seven, which
would mean you earning eighty eight thousand, five hundred dollars
on average. Average homes now worth nine hundred and twelve
nine hundred and four dollars. If you're a first time buyer,
the average mortgage is five hundred and fifty thousand dollars.

(01:26:49):
Average mortgage generally, if you're not a first time buyer,
just overall average three hundred and eighteen, one hundred and
fifty one. That it's not bad?

Speaker 11 (01:26:55):
Is it?

Speaker 2 (01:26:55):
That the average house is worth nine hundred and twelve thousand,
the average mortgage three You own two thirds, But that's
not bad. Average weekly insurance fifty three dollars seventy doesn't
seem much, does it? Fifty bucks a week, two hundred
dollars a month, couple of thousand dollars a year for insurance.
Average savings account's got sixteen grand in it. It is

(01:27:16):
five minutes away from nine.

Speaker 1 (01:27:18):
Trending now qui chemist Wouse, the home of big brand Ftalmens.

Speaker 2 (01:27:23):
This morning, we have news from the Marvel Cinematic Universe
they're announcing the cast of the next edition of the
Avengers series. This is Avengers Doomsday now. It's on Marvel's
social channels, and it's been going on for a long time.
Apparently it's been going Is that right? Is that what
I'm meaning? Something just goes on and there is no
noise or is no announcement. So what you're getting is

(01:27:44):
a slow pan of the camera across chairs, and on
those chairs are the cast members' names. So that's a
cheap way of announcing the cast, I suppose, because they
didn't want to anyway. This is the sound that you're hearing.
So just imagine if camera scares a game from left
to right or right to left. Initially, well, it goes back,

(01:28:05):
doesn't it. It starts how left to right, goes right
to left. No, it goes left to right, yep, and
then stays that way and then just starts again.

Speaker 17 (01:28:11):
It goes out to right just if so often another
cheer sort of comes into frame.

Speaker 2 (01:28:16):
It's like that program Severance, is it? Severance? I started
watching that last night of You did No, No, No,
Let me finish on the recommendation of our son, who
I said to Katie must never be listened to for
televisual recommendations. We sat down and start watching Severance and
the woman tried to leave the building, but then when
she left the building, she hadn't left the building. She
kept leaving the building and leaving the building, couldn't leave

(01:28:37):
the building, which happens fairly early on an episode, at
which point I stood up and said, this is complete
crap and we are never listening to Josh on this
ever again. She stayed. I think in the room for
how long? I don't know because I went off to bed.
But anyway, where was I. Who's in the Marvel universe?
Who's in this as you listen to this? Hum Chris
Hemsworth of Byron Bay, Paul Rudd, Flora. It's Pugh Kelsey Grammar.

(01:29:02):
I like Kelsey Grammar. I interviewed Kelsey Grammar and I
asked him, I sid in twenty years, what do you
want to achieve? And he said, I want to rule
the world. I thought, that's not a bad answer. I
want to rule the world. David Harbor, Tom Hillston, Sir
Patrick Stewart, Serrien mckallan, Allen Cumming, Ellen Cumming, I love
until I saw him in the Scottish House of the

(01:29:23):
Year Awards, and I thought, that's a strange thing for
a Why is he doing that for a person that clever?
Why are you doing the Scottish House of the Year awards? Anyway,
that's the that's from the Marvel Cinema. Tom Marsden's just
been Tom Marsden, He's been. I'm hoping you'd be there.

Speaker 17 (01:29:38):
Goodness, is there anybody who hasn't been a superhero? Now,
if you haven't been, you must be feeling very left out.

Speaker 1 (01:29:44):
For more from the Mic Asking Breakfast, listen live to
news talks it'd be from six am week days, or
follow the podcast on iHeartRadio.

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