Full Show Podcast: 31 March 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
New Zealand's home for trusted news and views, The Mike
Hosking Breakfast with the range Rover, the la designed to
intrigue and use Togstad b Well, we welcome today.

Speaker 2 (00:10):
The wet bus ticket that was delivered on supermarkets and
where the governments really should be in the business of
constant threats to industries, A new insights into our economy
and how it's tracking. Got new owners for the Breakers
basketball team. The PM has decided he likes Mondays better
than Tuesdays. The lads in the commentary box after eight
Richard arldsde Price they mixed it up as well, pasking
right now, let's get into it seven past six. If

(00:31):
you paid close attention, the first thing you would have
noticed about last night's game was how wet it was.
The East Coast of Australia's had a shocking summer, and
not just the headline grabbing storms, but just generally it's
rained a lot meantime, and I don't want to upset
the farmers, but meantime we've had this summer to remember
in this part of the world. So against the Tigers
it was wet and slippery, which didn't ironically stop at

(00:51):
being an open and free flowing game. Not just that,
but a pretty high scoring one as well. You would
have thought the West Tigers might have been a little
bit easier than they were. You might have thought of
the past three weeks, this was the one you could
bank the two points on. But well, that's the NRL,
isn't it. It really turns out the way you thought. But
when you talk of the past three games, what we
can now say, and we alluded to it last week,

(01:12):
is that Vegas was clearly won out of the box.
Vegas was not representative in any way, shape or form
of what was to unfold the season, or did it
represent where we're at as a team. And where we
are at as a team is three in a row,
in the top eight, in fact, in the top six,
and just two points off the top of the tipity
top of the table. Yes, early days, but you can

(01:32):
only win the games you're given, and we've won seventy
five percent of them. And as open and easy as
some of the tries we let leak last night, we
more than return Fabor, indicating that if you're going to
toss the ball about in the rain, things can get
free and easy. There were at least a couple of
highlight tries, one basically the length of the field. A
late penalty got us across the line in that did
it really need to be as tight as it was?

(01:53):
Sort of way, But to travel to play bollocks and
bollocks conditions, to play open and running rugby league to
chalk up another win is all you can ask of
any side, given it didn't start until late. By the way,
people who get up at two thirty in the morning
didn't see it livee So I watched it in nearly
hours of a Monday morning. What a way to start
the week. What a win, What a team and top
six two points off the tippity top of the table

(02:15):
that I mentioned that come on. Evidence is now mounting
incrementally that this is our.

Speaker 1 (02:21):
Year news of the world.

Speaker 3 (02:26):
In ninety second, I'll focus now on.

Speaker 2 (02:28):
What is a desperate search for survivors in me and
Man Bangkok. Those with missing friends or relatives are praying.

Speaker 4 (02:41):
They can't find her.

Speaker 3 (02:43):
She says she's an electrician.

Speaker 2 (02:46):
She's still stuck in Britain. The government of hosting a
what to do about the boat crisis chet They, like
everyone else, blame the games.

Speaker 5 (02:53):
You know, the criminal gangs, which our summit this week
is going to be about.

Speaker 3 (02:57):
The criminal gangs who.

Speaker 5 (02:58):
Are operating are offered offering people fake employment in the UK.

Speaker 2 (03:03):
Also in the UK is the prospect of Coono MacGregor
running for president. We put this to Bob Gildoff last week.
He called him acreep. They Wilso been asking the views
of in peace.

Speaker 6 (03:11):
One and thirty four got back to us and of
those zero said they would support a McGregor run. Not
a hope in hell, said one. Cabinet minister. Couldn't think
of anyone worse, said one, while another add it on
behalf of the women of Irelands he can bath.

Speaker 2 (03:28):
So Bob was clearly on the money. In Royal ishu News,
turns out Harry and Meghan's beleagued reputation is more trouble,
with the head of his charity letting rip.

Speaker 7 (03:37):
At some point on Tuesday, Prince Harry authorized the release
of a damaging piece of news to the outside world
without informing me all my country directors. That is an
example of harassment and.

Speaker 2 (03:52):
In the States of the Education, Secretary of Missus McMahon,
previously best known for being married to a mister McMahon
and spending time in a wrestling ring is taking care
of funding at various universities.

Speaker 4 (04:01):
He expects that students who are going to universities can
go to a safe campus without discrimination. What we saw
across Columbia and other universities was that the universities were
not living up to that.

Speaker 2 (04:14):
Finally, piece of Indian art which was on a wall
in the hospital in norway's been sold for a fortune.
It was a fourteen foot untitled oil on campus mural
by an mis MTh Hussein mf is Machbulfeda and he
died in twenty eleven at the age of ninety five.
He started the Bombay Progressive's art group Big Deal in
the modernist movement of the forties. Painted in the Cubis style. Anyway,
somebody goes, what do you reckon that's worth? So they

(04:36):
give it to Christie's who flickered off for twenty four million,
the most expensive Indian arity ever sold. Previous record was
thirteen Here's the World in ninety Mister Trump's been on
the phone. He's been on the phone to NBC and
he said he's quote very angry and quote piste Off,
who with Putin and if Putin doesn't get his act
together on this business, he's going to remain quote very
angry and quote very pissed off, and then he's going

(04:58):
to slap another twenty five percent on the oil, twenty
five percent on twenty five, so that'll be fifty percent.
So Donnie's not happy. This morning, twelve past six, the.

Speaker 1 (05:07):
Mike Hosking Breakfast Full Show podcast on iHeartRadio powered by
News Talks.

Speaker 2 (05:12):
EPPI inflation read a little hotter in the US will
cover that off you in a moment. And we've got
some news out of China e commerce. The big players
in the e commerce area are talking about a stronger
year on year revenue growth in the last three months
of twenty twenty four. There's a recovery and consumption growth
not back to pre pandemic levels, but we'll take anything

(05:35):
we can get. In fifteen past six, when we haven
puns management, Greg Smith, Morning to you more if you
like now. Consumer confidence here didn't look too good.

Speaker 8 (05:47):
No, it's pretty mut it really, So this is the
A and Z Roy Morgan consumer confidence the next that
was down four points to ninety three point two in March.
That declined across nearly all components, So the report was
actually told a bit of a slog. You look at
a net sixteen percent of households disagree that's a good
time to buy a major household item, and that's pretty
good in the indicative retail sentiment. But interesting it went

(06:09):
up for people with mortgages, so that's a yes about
people coming off their lower rates. Perceptions of confidential situations
that foul as well, but a net sixteen percent expect
to be better off for this time next year, so
it was a positive thing. Perceptions going to the economic
outlook and twelve month's time that eased as well, though
house price inflation and expectations that lifted slightly three point

(06:30):
four percent. The other interesting thing I think was inflation
expectations generally is that rose point two percentage points to
four point two percent, so well, that's a small increase.
It's actually the first time since June last year and
it's been above four percent, so quite possibly. I suppose all
this talk around tariffs is having an impact on the
situation of who don't know how that's all going to
play it for us, But over all, you and consumes

(06:52):
seem pretty guarded, although some retails are telling a slightly
different story. So also on Friday we had Helenstein Glassons.
They are out with numbers for the half a year
and they see that there's half your sales are up
seven point seven percent to two hundred and forty million
net after tax that ticked up to twenty one million margins.
Of these debits, I suppose it's a bit like we're
seeing with other retailers and they having a discount to
get more shopp through the door. But another interesting thing

(07:13):
was the contrast between what's happening across the Tasman and
so you look at sales for Glassons in Australia up
sixteen percent, sales for Glassons and New Zealand were up
just zero point two percent. They bit of divergence counts
on sales are pretty flat. So just in terms of
an update, they said group sales the first seven weeks
five point four percent it had the same time last year,

(07:35):
but margins remained under pressure. So they having a discount
still and I suppose it goes all the sales signs
just seen up there around But she is up slightly
and are up thirty percent over.

Speaker 3 (07:43):
The past year.

Speaker 2 (07:44):
Okay, State side two point eight wasn't it.

Speaker 9 (07:47):
Yeah, that's rights.

Speaker 8 (07:48):
Inflation expectations are a ticking up. If we firstly look
at the University of Michigan survey, so consumer sentiment came
in at fifty seven, but you look at long term
inflation expectations that they searched him three point five percent
and Feurbrard four point one percent.

Speaker 10 (08:06):
Of March.

Speaker 8 (08:06):
The interesting thing here was you've got going up amongst
unindependence but also monks, Republicans, even Trump supporters also appreciate
the inflationary implications of what he's doing. So if you
look at expectations, Mike, they may actually not been this
high since early nineteen ninety three. And in terms of
you talk about the two point eight percent read that's
on the core personal consumption, expensures, pricing, accepts the Fed's

(08:29):
preferred inflation gage. It was also our fired and that
was also higher than forecasts, up point four percent for
the month. This is just all going to stoke concerns about,
you know, where inflation is go On the bright side,
consumer spending that's still strong, so that accelerated point four
percent for the month, and that's helped by rising personal incomes.
Although it does seem like us, they might be batting
down the hatches a little bit. So you look at

(08:49):
the personal savings rate that increased to four point six percent,
and that's also the highest since June last year. So
I suppose, you know, inflation expectations picking up, inflation, actual
inflation read quite high. You probably think the feed's going
to continue to adopt a wait and see approach.

Speaker 2 (09:04):
Yeah, and as far as American retailers concerned, what do
we read into Lulu Lemon? Is that general or a
specific story? Oh, good old Lemon.

Speaker 8 (09:11):
No, it's really sort of showing as well that the yeah,
the consumer you know, is still still resilient for now,
but yeah, that the expectations are not so great. So
Lulu Lemon she as they are actually down fifteen percent
on Fridays. The actual numbers weren't too bad, so yoga
pants are flying out the door. In the fourth quarter,
revenues up by four and a million to three point
six billion, needing come up twelve percent, but they said

(09:34):
that in terms of the current quarter they expect sales
to be two point three billions. It's a massive drop.
Margins are also set to fall as well. Traffic's down,
and you look at Interestingly, comparable sales in the America's
were flat. They are up twenty percent internationally, So you know,
Tom Walt Elvid's policies to make America greatagan and actually

(09:55):
are having the reverse effect. Actually did a survey as well.
They just found that consumers are spinning less due to
economic inflation concerns, and that is something that appears to
be affecting a lot of retailers, and so consumers appear
to be trading down. So it could be a two
few months a.

Speaker 2 (10:09):
Year for some retailers. Okay, numbers please, yes, you're still
got the doubt.

Speaker 8 (10:13):
That was down one point seven percent, four one five
out three S and P five hundred was down two percent.
NAI's deck down two point seven percent, So tech stocks
out of favor for two one hundred down point one percent,
Nike down one point eight percent, A sx two hundred,
Z point two percent seven nine eight two ins x
fifty we were a down point one five percent, twelve
to eight seven, Gold up twenty eight dollars threeenty eighty five,

(10:36):
and outsets a new record high a billion all down
fifty six cents sixty nine spot thirty six. Just in
the currencies, que against the US dollar that was down
point four percent, fifty seven point two, down slightly against
Aussie ninety point nine down also against the British pound
forty four point two. Japanese the end we're getting eighty
five point seven that was down one point two percent.

(10:56):
Just looking ahead to this week locally, we've got business confidence,
We've got building per it's we're gonna have a diary auction.
I'm shore RBA rate decision, got used non fun parials
and of course it is the big one April second
Liberation Day, sweeping tariffs, they're coming in. Let's see what
form you do.

Speaker 2 (11:11):
Only make good to catch up. Greg Smith, Devon Funds Management.
By the way, pasking. First time in ten years, McDonald's
has reclaimed the title of the world's most valuable restaurant brand.
For the last eight years, it's been Starbucks year after
year after year, but the brand value jumps seven percent
for McDonald's. They're worth globally this is forty point five
and this is US dollars forty point five billion. Starbucks

(11:32):
are thirty six percent declined down to thirty eight point eight.
In the name you want to look out for stateside,
especially is luck and coffee. They've already overtaken them in China,
overtaken Starbucks in China, and they are going big. They're
bringing two dollar coffee to America. In the moment, you
bring two dollar coffee to America. It's all on six
twenty one and a half. You're a news talk zbo.

Speaker 1 (11:57):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks at B.

Speaker 2 (12:04):
Two poles out of Australia this morning both say the
same thing and it's a good indicational warning as why
midterms say, in a place like New Zealand, you don't
want to look at the poles and necessarily believe them
or country through the numbers. Shortly meantime, in Greenland, yes,
JD was there over the weekend, but they formed a
government as well, which remarkably wasn't really covered. So the

(12:25):
coalition agreement, they had the vote and then they were
sort of sorting out what they were going to do.
It's going to be hit above. The Democrats' leader, youngs
Frederick Nielsen, Conservative, roughly pro business and they favor gradual
independence from Denmark. Biggest party. Tripled their representation to ten seats,
but they got the government sorted for now anyway six twenty.

Speaker 1 (12:45):
Five trending now with chemist Wells keeping Kiwi's healthy.

Speaker 2 (12:50):
All year round and as we hit to Japan this
weekend for Ray three in the F one enter James Cooker.
He is loosely defined as an influencer and what he
calls dumb motorsport content. So he's got a song about
the Red Bull seats. It is being viewed so far
this morning twenty one and a half million times.

Speaker 11 (13:07):
Gold heard Christian klein Lewis has split half the time.
Dorn Boss Mark Webber and Inspector said that the one
four straight years drove through all the booze and cheers.

Speaker 2 (13:16):
Then Danny reck kibiyat.

Speaker 11 (13:18):
Then it's time for super Max super Max Ricardo.

Speaker 12 (13:21):
That perin was quite a show.

Speaker 11 (13:23):
Danny Rick leaves Red Bull for the frenchees at Reno.

Speaker 12 (13:26):
Then it's ghastly Albano, both of them and No Go
finally replaced by a man named check Go.

Speaker 11 (13:33):
These are the Red Bull Drivers. They get swamped midseas
and for no good reason. These are the Red Bull drivers.
They thought they made it. Now the kind of hate
and Lawson gets the Red Bull seat.

Speaker 2 (13:48):
The big team then gets corfeet.

Speaker 13 (13:49):
They due to.

Speaker 12 (13:50):
Swap news, the drop, damn, the songs of stop. Now
it's Yuki's turned to drive, hoping that he can't survive
and keep his Formula one career a lot.

Speaker 2 (14:05):
How is it possible that's got twenty one and a
half million views. That's just a talentless, gormless idiot in
his bedroom.

Speaker 14 (14:14):
It's probably one of those most important people in the world.

Speaker 2 (14:16):
Fitchers cut the growth forecast for the US both the
US twenty five growth forecast to one point seven from
two point one. The global economic outlook the geo ARE
twenty six forecast from one point seven to one point five.
This is tariff's fiscal easing in China and Germany will
cushion the impact of the high US input tariffs. They

(14:38):
expect Mexico and Canada to experience a recession size and
speed and breadth of the US tariff high announcement since
January is their words staggering. As for the UK word
this morning, they're going to go retaliatory. How they're going
to go retaliatory is an open question, but they're praying
they can get an exemption. If they don't, it could

(14:59):
be all all on. So it's going to be a
fascinating week news for you.

Speaker 1 (15:03):
In a couple of moments, setting the agenda and talking
the big issues. The mic costing Breakfast with Bailey's real
estate altogether better across residential, commercial, and rural news, togs
Head been Mike.

Speaker 2 (15:17):
Peter Dutton's way too weird even for Australians. Well, the
Poles might back you up, my friend. They've swung to labor.
Both Poles have swung to labor, and noticeably Labor and
the Coalition fifty points each on two party preferred this
first one. I'll give you as the result. Political Monitor
this morning Albanzy lead over Dutton for properred pimements to
forty two to thirty three. Labour's increased the primary vote

(15:38):
twenty five to twenty nine. Coalition has slipped from thirty
nine to thirty seven. When the preferences are allocated the
way they flowed last time, Labour has a narrow lead
fifty one to forty nine. The budget didn't go well
for the Only twenty eight percent said it was good
for them and their household. Household, which is down from
forty percent at the same time last year. So major
movement to towards the government. I'll give you the second

(16:01):
one in a moment twenty three to seven Liberation Day Wednesday.
Richard Arnold with more on that shortly. Meantime, speaking of
the economy, back to your new data into our economy,
ASB sees some stabilization driven by those interest rates the
primary sector and some rising consumers spending. But for the
car nuts, we are, according to ASB, a toyota press

(16:23):
as opposed to a Ferrari four to fifty eight the asbeachief.
Economist Nick Toughley's with us. Nick, very good morning to you.
Good morning now. Q four zero point seven a little
higher than we thought, a little better than we thought
in terms of GDP growth. What do you think for
Q one, which we're just ending today.

Speaker 15 (16:38):
Yeah, well, we think the payful of slower bits down
to about zero point four percent over the quarters in
the first half of the year and then picked back up.
So some of what drove growth at the end of
last year is a little bit unsustainable. It's partly been
because we had some very good dairying weather and that
helped the dairy production, and we had a pretty good
tourism season as well.

Speaker 10 (16:57):
Which was very helpful.

Speaker 2 (16:58):
How big is the primary sector and if it fell over,
would we fall over?

Speaker 15 (17:04):
It's making a significant difference. But what we've also got
to remember is is not just primary. We're seeing ongo
and recovery and tourism market, so particularly the Chinese market
has started to pick up now and increasingly this year.
It's sort of slow consumer starting to get into life.
But if we hadn't had a really strong sort of
export performance late last year, we would have had some

(17:26):
pretty flat growth at the end of last year.

Speaker 2 (17:28):
How confident are you in what we see in the
world at the moment, given that what we see in
the world may change tomorrow, if not by lunchtime.

Speaker 15 (17:36):
Well, some of those things like the dairy meat, some
of that tourism we should see that continue to do
reasonably well. What's really going to depend for us is
just how widespread any tariffs are going to be. So
our colleagues at CBA did some good analysis and depending
on the scenarios that we see, if you just get

(17:58):
fairly selective, tariffs could be for New Zealand just one
or two tenths percent off our GDP. But if you
had say twenty percent tariff, right across the board on
all US imports and that could hit our GDP by
about three quarters percent. So it really does depend on
the details that come out. One thing I think for
us to bear in mind is we're pretty small, so

(18:21):
we may go under the radar and some of our
key exports, things like meat, a lot of it goes
into hamburgers and just the proportion of what goes into
the final consumer out of New Zealand. Hopefully the wouldn't
be too much of a price impact for them even
if we had things like meat tariff.

Speaker 2 (18:39):
Does that depend on how people react, because I'm just
reading this morning the UK are trying desperately to carve
out some sort of exemption. Assuming they don't. The word
is from Downing Street they're going to retaliate if the
whole world retaliates and America retaliates on the retaliation, is
it all.

Speaker 15 (18:54):
On lo That does mean that the impacts could be
a lot bigger if you go through and do that.
So we'll have to be thinking through here in New Zealand.
How will some of our actually trading partners slow down?
For one, what will happen with inflation globally? Also, what
benefits may they be because we may find, given an example,

(19:16):
if Canada is struggling to sell maple syrup and bacon
into the US and China's struggling to sell evs, we
may see a lot of cheap product coming our way
as well. So all those things to throw into the mix.

Speaker 2 (19:28):
Okay, and this is all predicated. I take it on
the RB moving in April and May, and we're done.

Speaker 15 (19:34):
That's what we expect. We'll get two more rate cuts.
I think the thing is on the global front, if
things get stickier, you'll see the reserve being here likely
cut more. And the other thing also is that governments
are likely, if the impacts of tariff's likely be bigger,
will also swing in and provide more support to their
economies as well. So we've got those factors to way

(19:55):
up to.

Speaker 2 (19:56):
And this prays be the Ferrari four fifty eight to
you a car.

Speaker 15 (19:59):
Guy, Yes, so I have been known to have the
occasional occasional car. But look, productivities are probably the big
difference between those things. One's got certainly got a lot
more horsepower than the other.

Speaker 2 (20:09):
Because the four to fifty eight is the one to have.
But you presumably know that, don't you.

Speaker 15 (20:14):
Yes, a good good V. Eight It's always good.

Speaker 2 (20:16):
This is true. Nice to talk to you. Nick, appreciate
I knew he knew about cars. Nick Tuffler, you don't
go Ferrari four to fifty eight unless you know about cars.
Asb Chief Economists eighteen minutes away from seven past second
holl Basically this is you Gubs shows the same thing.
Labor ahead and ten seats where it was behind in six.
That's the swing since the election. It was behind in six,
it's now ahead in ten. Labor at fifty point two

(20:39):
to two. Party preferred coalition at forty nine point eight
Labor median estimate of seventy five seats lower estimate of
sixty nine, upper estimate of eighty. Seventy six is the
magic number. Coalition behind on sixty lower estimate fifty five,
upper estimate of sixty eight. So it's possible on these numbers,
if it goes well for labor, they might not only win,

(21:01):
but that minority government they were talking about might not
be true. Seventeen to two.

Speaker 1 (21:06):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks a B.

Speaker 2 (21:13):
Mike Nicholas shot herself and Chris luxan in the foot.
We're open for business. We need foreign investment, but not
if you make excess profits, then we'll dismember you idiots.
I've got some sympathy for that view, actually, six forty.

Speaker 1 (21:24):
Five International correspondence with ends and Eye Insurance, Peace of
mind for New Zealand business.

Speaker 2 (21:30):
With genial Good morning.

Speaker 3 (21:31):
What do you make Liberation Day?

Speaker 2 (21:33):
Wednesday? Out time?

Speaker 16 (21:35):
This is shaping airs quite a week, isn't it. Yeah,
this is the time that Trump tags his liberation day
when tariffs take effect and lots of folks.

Speaker 2 (21:43):
Have the jitters.

Speaker 16 (21:44):
Car dealers in many spots of being deluged right now,
one outlet near Chicago saying they've just had the busiest
day since they open several years back. Trump says he
will impose this week twenty five percent tariffs on cars
and car parts made outside the United States. In an
interview with NBC, Trump says he couldn't quote care less
if imported car prices increased because of tariffs. Others are

(22:04):
saying that simply doesn't compute because, apart from say Elon
Musk's Tesla's if you can get through the protest lines,
a vir virtually no carmaker here produces vehicles that are
one hundred percent made in this country with only American parts.
Trump was asked about.

Speaker 7 (22:21):
This suit Americans buy cars now if they want to
avoid higher prices.

Speaker 4 (22:25):
I don't think so.

Speaker 9 (22:25):
I think you're going to have a country that's going to.

Speaker 16 (22:27):
Boom boom when as soon as tarifs are applied, or
maybe in I don't know, five or six years, as
car manufacturers perhaps change their production systems. What about the
immediate pressure on consumers, says economist Diane Swan.

Speaker 17 (22:40):
It's just very hard to find things that are solely
produced in the United States, and even those carmakers that
are most insulated from tariffs do get some kind of
parts from a broad or steel that is going to
increase the cost of that vehicle.

Speaker 16 (22:54):
Yeah, that makes sense to just about everyone except apparently Trump.
That's why car dealers are being swamped. Even in the
White House, conditions are being described as near panic with
the Trump tariff talk shifting constantly. As we've seen meantime,
there are big responses in the face of the Trump tariffs.
Canada's new per Mike Conney McCarney saying over the weekend, this.

Speaker 18 (23:15):
The old relationship we had with the United States based
on deepening integration of our economies and type security and
military cooperations.

Speaker 16 (23:24):
Is over so similar concerns as you've been tracking from
Europe and the Asia Pacific. While on Wall Street, trillions
has been wiped off investments in recent weeks, including another
drop on the Dow on Saturday, your time Friday here
of seven hundred points plus. So investors, consumers, most everyone
here has a case of the nerves. And Trump's Commerce
Secretary Howard Lutnik, refused today even to appear on the

(23:47):
political TV talk shows.

Speaker 2 (23:49):
Interesting and Richard Chamblin not about run ninety.

Speaker 19 (23:52):
That's right.

Speaker 16 (23:53):
He's died of a stroke in Hawaii. He was a
great actor over many decades on TV and in movies,
although he said he often struggled to feel good about
himself because his Hollywood life was so different to the
self respect he said he was seeking in his offscreen life.
He didn't acknowledge being gay until he was into his
late sixties. After a couple of years in the military,
Richard Chamblin became something of an overnight star in This Yeah.

Speaker 2 (24:17):
Doctor Kildare, the TV series where.

Speaker 16 (24:19):
He featured alongside actor Raymond Massey as a young TV
doctor in the series that ran from nineteen sixty one
for about five seasons, and in that period he was
said to receive some twelve thousand fan letters a week over.

Speaker 2 (24:35):
That five year.

Speaker 9 (24:35):
That's a lot of letters, isn't it.

Speaker 16 (24:37):
Then he took off for Britain to try more serious
acting and he did a lot of Shakespeare plays there,
returned to la and began making movies like The Three
Musketeers and the disaster film The Towering Inferno?

Speaker 1 (24:48):
Did you change any of Dud's electrical specifications?

Speaker 16 (24:52):
Then began his roles as King of the mini series.
Basically his first was the original Shogun playing in British
Sailor by sam Urian the seventeenth century.

Speaker 20 (25:02):
Many Lands and the Americas have already been plundered by
the Spanish and their treasures taken back to Spain.

Speaker 16 (25:07):
There followed another huge hit, The Thornbirds, with Chamberlain as
that priest in Australia who struggles over his church vows
and young love. My life belongs to God off screen.
It was not until later in his life when he
began writing his memoirs Had a Love that he acknowledged
being gay, saying that in the thirties to fifties it
was impossible to acknowledge being gay, and saying that he faced.

Speaker 13 (25:29):
The problem of my own self dislike and there was
the terrible, terrible danger of being outed because I was
a romantic lead. For God's sake, that was my whole
career Pray.

Speaker 16 (25:41):
After his final role in the film Finding Julia in
twenty nineteen, he quit Hollywood for Hawaii, saying he wasn't
interested in being women, but he will be as a
prolific stage, movie and television actor who was exceptionally good
in all of those arenas well.

Speaker 2 (25:55):
See Your Liberation Day Richard Arnold back on Wednesday ten
away from seven.

Speaker 1 (26:00):
Cosking Breakfast with the Range Rover Villain News togs Head be.

Speaker 2 (26:04):
So what appears to be happening towards Liberation Day? As
I mentioned the UK at the moment, they are keeping
the powder dry, same with Australia really and there's been
no retaliatory measures and what they're trying to do behind
the scenes is desperately and Britain's in a similar position
to us. They argue a balanced trade portfolio, so in
other words, it's not one sided. So they're looking for
some sort of exemption. I don't think that an exemption

(26:25):
will come. It might have, mean Trump sort of wanders
and vaguely suggests some days that it might be a
little lighter than you think, or then again, maybe it
won't be. But the point being, if they can't carve
out any exemptions, then there might be retaliation. What sort
of retaliation are you might individually go after? Companies? Very
American sort of companies you might go after, for example,

(26:46):
Harley Davidson. The nuclear option for the British most unlikely,
they say, is it would be targeting financial services. So
depending on how they retaliate depends on whether America retaliates
to the retaliation. But I'll have more on that for
you in a moment. Michael, it's going to be a
two forty six, three eight, three twenty eight, two eighty
eight gto or Testaoso type, guy, Derek, the Dino is

(27:06):
not even a Ferrari. It's a Fiat and three twenty
eight and two eighty eight, all right, and the Testa
Rosso looks increasingly weird. His reference to the three point
fifty eight was the last of the naturally aspirated engines,
and a modern car that you could drive daily and
is these days becoming increasingly collectible. So not only does
he know about the economy, knows about cars as well,

(27:28):
which is no bad thing. Five minutes away from.

Speaker 20 (27:30):
Seven for the ins and the ouse.

Speaker 1 (27:33):
It's the fizz with business favor. Take your business productivity
to the next level.

Speaker 2 (27:38):
I want to see the Dino, although technically a Fiat
is probably one of the best, if not the best
looking ferraris of all time. Tariffs, So what have we got?
So this review into the American terror situation around the
cars is it's the working class car buyer. It's going
to be hard to hit by these tariffs because all
the low cost cars are built elsewhere for fairly obvious reasons.

(28:00):
So increasingly hard to find a new car in America
under thirty grand. Average price of a new car in
America is about fifty grand plus. And this is because
the Big three of Stilantis, the GM, the four, they've
largely discontinued the entry levels. They've gone for the profitable
trucks in the SUVs because people with money love a
truck are in ECUV so the only way they can
eke out profits on economy cars is to build them
in countries with lower manufacturing costs. So the review which

(28:23):
has taken place of a couple of car research firms,
found only sixteen models with an average price under thirty
thousand US. Only one of them, which is the Corolla,
was built in the US. All the others are built
in Mexico, South Korea or Japan. So this is expected,
of course to hit Trump's base. Which is the mad
thing about all of this. Almost half of all the
voters who went with Trump last year had an average

(28:45):
income of less than fifty thousand dollars annually. So the
line from Trump overnight, as Richards been alluding to, is
he quote unquote couldn't care less of the price went up.
It's worth looking too at the sectors and the businesses
that say the tariff will be good. Are there any
sectors or businesses that say the tariffs could be good?
While there is one? The jam market, the well known

(29:06):
American jam market JM. Schmucker. They make jam. They only
three hundred thousand dollars worth of jam got exported last
year because who likes American jam? No one. We make
our own jam for goodness sake. Do you know we
discovered at our place over the week in purple guamas.
We've pulled some fruit off a tree and we went
what are those? We asked chat gpt. We said, chat chept,

(29:26):
what is this? And chat gpt says purple guava?

Speaker 14 (29:29):
So they definitely are guavas.

Speaker 2 (29:30):
Then we double checked. Yeah, we double checked on that
very reason, but they are so chat gept was right.
European tariffs are around twenty four percent compared with four
point five percent for jam. Apple farmers apparently are also
reasonably happy in America. But then chat gpt said, would
you like me to mix you a cocktail using purple glavas?

Speaker 14 (29:51):
Now are you talking?

Speaker 3 (29:52):
See?

Speaker 2 (29:52):
Increasingly useful by the day.

Speaker 20 (29:54):
News is next the breakfast Show, Kiwi's Trust to Stay
in the No Mike hosting Breakfast with a Vida, Retirement Communities,
Life Your Way.

Speaker 1 (30:05):
News togs had been.

Speaker 2 (30:06):
Seven past seven. Well, I hope you weren't expecting much
because Nicola Willis interrupted our Sunday to deliver another finger
wagging for the supermarket sector. We ended up with a
six week request for information and a threat again of
breaking up the current players. Food Staff's North Island boss
Chris Quins back with us.

Speaker 3 (30:19):
Chris Morning Good morning, Mike.

Speaker 2 (30:22):
Is there any convincing from your industry's point of view
the government that they might be on the wrong path
or as this is a lost cause.

Speaker 21 (30:30):
Look, we believe that we can be listened to. You know,
this announcement came out of the blue and came as
a real shock to the three hundred and fifty local
family grocer families that owner the stores and the food
stuffs North Island Cooperative and many of them have worked
for many years to get their businesses and to be successful.
And you know the sort of question England has spoke
to a lot of them yesterday. You know, what is

(30:50):
the government tending to do? They intended to take their
business away. So we certainly will be constructively engaged in
this because it came as a real super.

Speaker 2 (31:01):
What does she want to do and do you believe
that she will actually break your industry up.

Speaker 21 (31:07):
Look, my understanding from what we've seen yesterday is that
there is a desire to see competition improved for the
benefit of consumers and there's been some definition put by
the Minister of Finance to what she believes that means
and what should be done. I guess the thing we
would point out is that the cost of food in
New Zealand, nineteen cents of every dollar is made up
of what we do, what the supermarkets do. The rest

(31:30):
is the cost of the goods and various other things.
And I think, you know, the focus on food price
for New Zealand household is critical and really important, and
I think it needs a good look at the whole
system to do that. The other thing we'd say is,
you know, since nineteen twenty two, the reason we've been
our cooperative that gathers up big in small stores together
is because you get a scale advantage and you lower

(31:52):
the cost for each store, particularly for our smaller stores
and regional locations. You know, it allows us to be
in places that probably wouldn't be affordable as a smaller
or single business because they can benefit from the scale
of the organization in a pretty small country.

Speaker 2 (32:06):
See the twenty four billion she tripped herself up to
a degree. I thought she talked about a twenty four
billion dollar industry, which is more than the dairy and
the tourism sector put together, and she wants somebody to
come in at scale and take ten percent of that
in the marketplace. Does she not think that two billion
dollars of business was going begging. Somebody somewhere would have
looked at that and gone, I'll have a piece of that,

(32:27):
thank you.

Speaker 10 (32:29):
Well.

Speaker 21 (32:30):
I think one of the facts that has agreed is
it about fifteen percent and growing of the markets already
not in the hands of Wilworths or of the two cooperatives,
because there are three players today with the two cooperatives,
and that has been growing over time. And in a
country like New Zealand, with its cultural mix and its
size and diversity, it won't look like necessarily the same

(32:51):
as the existing players. There will be new innovative players
doing different things. And that's exactly the competition.

Speaker 2 (32:56):
We see, exactly the Seymour line that this is a
government breaking out businesses and for a government that's also
looking to bring in money from the this is a
bad message, isn't It's a bad look.

Speaker 21 (33:07):
Look, we're just focused on making sure that we do
everything we can about value for New Zealanders and about
keeping the scale of our business efficient so that we
can do a great job of values. That's the focus
that we're trying to focus on. And look, it's been
five years of various studies and examinations that takes a
lot of resource and a lot of attension off the

(33:28):
things that we'd really like to be doing for customers.

Speaker 2 (33:30):
All right, I appreciated Chris. Chris Quinn, who's the food
Stuff's North Island CEO, talked to the Prime Minister about
it after seven thirty, of course, ten minutes past seven.
Now four hundred million dollars savings. We talked about this
last week. Remember that came out of the public service,
So we're looking to say, four hundred million dollars on consultants.
Are half of it, as it turns out, has come
out of one department, the Health Department, couple hundred million
dollars and as you can imagine, they're not particularly happy.

(33:50):
The Association of Salary Medical Specialist executive director is Sarah Dalton,
who's with us morning.

Speaker 5 (33:56):
Good morning mate.

Speaker 2 (33:57):
Even with these cuts, they're still looking to spend halfh
for billion dollars. It's an extraordinary amount of money, isn't it.

Speaker 5 (34:04):
It is an extraordinary amount of money. We know that
doctors aren't cheap to get or to keep, but this
seems flagrant in terms of taking the short term option,
not looking a little bit further down the road and so.

Speaker 2 (34:16):
When we talk about say locums versus consultants, how many
of that or how much of that money is spent
on locums actual doctors as opposed to consultants.

Speaker 5 (34:24):
Look, it's an endless quest for us to try and
dig down into exactly how much money they're spending on
their permanent doctors as opposed to locums. They're cagy about it,
but there are a number of services that have too
many locums, and people called locums being paid excessive rates
who are there for months rather than days or weeks.

Speaker 2 (34:44):
Is this Health New Zealand not performing well as an
agency in general or not.

Speaker 5 (34:49):
I think there's been a tendency to rely on locans
in the past, so there was a pattern established under
the DHBs, But I don't know. They don't spend any
time at the courtings and conditions for permanent staff, which
would be more of an investment approach into trying to
get a stable workforce, and we find that very frustrating.

Speaker 2 (35:09):
So you're between a rock and a hard place. You
can surely you can understand the government looking to save money,
of there's money to be saved, but you presumably want
the agency to do something a bit better by way
of solving the problem long term.

Speaker 5 (35:20):
Yeah, we probably sit in a slightly different place than that.
We don't see hells as a place for money saving,
but we do see it as a place to spend
money carefully and efficiently, and certainly having an over reliance
on locans is not a good use of money.

Speaker 2 (35:34):
All right, appreciate it. Sarah Sarah Dalton, Associated Salary Medical Specialists,
Executive Director twelve and US Past seven asking Mike, what's
the grocery commissioner and the team actually done? Since labor
put them unto they need to be cold. Michelle's a
very good point. I completely forgot about the grocery commissioner.
And do you know why I forgot about the grocery
commission Because he didn't do anything. Mike, I've been in
the grocery industry for over thirty years and until the

(35:55):
last couple of years have been proud of that industry.
When COVID hitting prices shot through the roof, it was
like the retail realize consumers will pay anything. The greed icee,
particularly from food stuff since then is really disturbing. Are
you being too generalized? You'd have to give me a
better example and most of the food prices that went
through the roof had little to do I think with
the supermarkets, but to do with every other aspect of
the economy because everything went through the roof, and that

(36:17):
was called inflation.

Speaker 12 (36:18):
Mike.

Speaker 2 (36:18):
The government has to do something to appeal to the
middle class, hence the supermarket intervention. It can't look like
it's always supporting business and profit making. The average New
Zealand voter is not making profit from big business. Do
you think that's what it is? I mean, don't get
me wrong. Do I want to pay less at the supermarket?
Of course I do. We all do. But there's a
very good headline over the weekend in the Australian media
quote unquote there's no proof big supermarkets are price gouging,

(36:42):
but labor will ban it anyway. And I just wonder
if we haven't got a bit of that in this country.
The government, rightly or wrongly, I would argue probably wrongly,
has got the bit between their teeth on this idea
that somehow we're being screwed, we're being ripped off, and
they want to do something about it. The political problem
they face, apart from David Seamore's point, which is a
very relevant one that you can't just go around being
a government that goes Actually, we've decided that your industry

(37:05):
just needs to be busted up. Who's investing in a
country where they can't trust the government. But the major
point is they keep talking. If you're going to do something,
do it. They've done nothing and yesterday didn't change that.
Fourteen past.

Speaker 1 (37:19):
The like asking Breakfast full Show podcast on I Have Radio,
Howard by News Talk said.

Speaker 2 (37:24):
Be prime Minister's changed days is now on a Monday's
whether shortly seventeen past seven to the basketball where the
Breakers have got new owners. Mark Mitchell are not the
police minister. Another Mark Mitchell's your new majority owner investment
group involves Leon and Stephen Gris, Paul and Liz Blackwell.
You may know the name they previously owned the side.
They're back along with former player Tom Abercrombie. Anyway, Mark
Mitchell's with us, Mark morning.

Speaker 10 (37:46):
Good morning, How are you very well?

Speaker 2 (37:48):
Indeed? Is it easy to price up a basketball team
if you're looking to buy one?

Speaker 3 (37:52):
No, it's not.

Speaker 18 (37:54):
What we do know is that the prices are going
up everywhere. Boston Celtic's just sold for six point one billion.
Dollars US, so this is a little bit different than that.
But across the NBL, the league is growing. Each team,
though has different assets. You know, we have Spark Arena,
which holds around eight thousand Perth has a much bigger arena.

(38:15):
There's apples and oranges. But the thing that was consistent
across the board was how this league is growing in
the popularity worldwide of the NBL.

Speaker 2 (38:23):
What were you looking for a sports team in general,
or you're a basketball not.

Speaker 10 (38:29):
Both.

Speaker 18 (38:30):
I grew up in Los Angeles as a fan of
Magic Johnson and the Showtime Lakers. I still have my
Lakers season tickets even though I've lived here for five years.
So I am a basketball fan for sure. But mostly
I believe in Auckland. I believe in New Zealand. I
believe in sports in this region, not only from a
business respective, but what it can do to help change

(38:51):
lives and transform communities.

Speaker 2 (38:53):
Can you do something with the Breakers to take them
back to what they were?

Speaker 18 (38:59):
We're doing it. We're doing it from day one. I
hope everybody recognizes the vision here. So bringing in the Blackwells,
who are so beloved and so trusted, not only because
they won on the court, but because of what they
did off the court, the ties to the community and
all the programs that they set up that are still

(39:19):
having effects. So we're going to bring those back. Dylan
Boucher as my president of Basketball operation, to Tom Avercrombie,
obviously Leon and Stephen Grice, who are really amazing Kiwis
who have so much experience across the board in business
and in government and beyond. And we're not done. I
think the fans will be really happy to see some

(39:39):
of the other people who will be involved and will
announce those in due time. We're just going to keep
building the team. It's going to be really strong. It's
going to have Kiwi roots and something that we can
all be proud of.

Speaker 2 (39:49):
And you here for the long hold.

Speaker 18 (39:52):
Oh yeah, we're here. We're by the way. The team
is in Auckland. We're not going anywhere. We are in
New Zealand. We will be the one team in the
NBL that represents this country. The NBL has made that clear.
There are no other teams that are going to be
in New Zealand, so we represent the entire country and
we understand that responsibility.

Speaker 2 (40:12):
Fantastic. I wish you the best with it, Mark Mitchell,
the New Breaker Zoner or one of the new Breakers owners,
more with the lads and the commentary box of course
after right, come back to the supermarket mess in a
moment though. Seven twenty.

Speaker 1 (40:24):
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Speaker 2 (40:32):
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(41:36):
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About Health Scout seven twenty three. Talk about tease me
on a Sunday morning, a ten am Nicholas out giving
us the good word on supermarket. She doesn't she doesn't
like the industry. She's been telling us this for a
year and a half. She's going to do something about
the industry. She's been telling us this for about a

(41:57):
year and a half. So Sunday was the day, except
it wasn't. It was yet another diatribe about what needs
to be done, what could be done, what might be done.
There were more threats, more possibilities, more questions, more investigations.
It was also a speech of hopeless contradictions. On one hand,
she was telling us how hard it was to enter
the market at scale, how big a risk that was,

(42:18):
And then she was telling us this was a twenty
four billion dollar sector, more than tourism and dairy combined.
And yet she clearly hasn't stopped to ask herself, if
it's that big, do you not think anyone who could
might have had a little bit of a look at
the prospect of entering it. She talked of a player
being able to grab ten percent nationally. That's over two
billion dollars worth of business. You don't reckon someone somewhere

(42:38):
hasn't looked at the prospect of two billion dollars worth
of business. I thought, hmm, I wonder if that isn't
a bit of me to find out why we don't
have more competition. She has announced she was launching yet
another investigation. Then after six weeks she may or may
not get Cabinet to do something legislatively. If that happens,

(42:59):
she wants to do a by the end of the
year and get it passed by the end of the
term i e. The end of next year, so an
entire term and government having literally not produced one more
shop as I've seen it all along. It may be
we are too small for another major player. Maybe the
niche players, along with the two giants, are what the
market tolerates. But as for Nicola and a finger wagging,

(43:20):
if threats were results would be getting somewhere. If speeches
were shelves of well priced food, the issue would have
been dealt to. But for a government with an image
for more talk than action, she didn't do anything to
help that reputation. Asking foxes through five in the final round,
had a couple of good birdie chances, and this is
what worries me about the round. I wonder if his

(43:41):
shoulders are tightening uper But he had a couple of
very good birdie chances and he blew both of them
got passed, So he's not slipping back down the board.
But he's at thirteen under. But these are the days
that these are the days you take full advantage of
the opportunities. And he's let a couple slip, so he's
still thirteen under through five, which leaves them in the
third place. Mike, the Blackwell's owned to pack and save
be money in supermarkets that they brought back into the breakers.

(44:02):
Look how much of this argument and new people texting
me this stuff, Mike, this is all bs, most of
the new will and pack and save owners multimillionaires, William.
If all the stuff that you're texting me about people
being wealthy and successful, is this what you want for
the country?

Speaker 18 (44:16):
Is it?

Speaker 8 (44:17):
So?

Speaker 2 (44:17):
There's obviously a direct correlation between the price of butter
and people being multimillionaires. And you hate multimillionaires because we
don't want anybody rich or successful in this country. We
just want to be poor and poveraged and be able
to steer at our navel for the rest of our lives.
Is that what you want? Have a look at anybody
who owns a franchise own Why aren't you targeting McDonald's owners.
There all multimillionaires as well? God forbid. It doesn't have

(44:41):
anything necessarily to do with the price of food. I'm
not saying that we if we had more competition. In theory,
the price of food might be sharper. That's entirely possible.
But just follow the logic instead of attacking people for
being successful. Follow the logic. Tell me why if there's
so many billions of dollars worth of business there to

(45:03):
be done, If we are being so shockingly ripped off
by these multi millionaires. How is it that somebody somewhere
hasn't got into the market and thought, I tell you what,
I'm going to undercut the lot of them and I'm
going to make my own fortune. Tell me how that
isn't the case? Chris luxem after the News, which is next.

Speaker 1 (45:27):
Your source of freaking news, challenging Avillion and honors facts
The Mike Hosking breakfast with the range Rover Villa designed
to intrigue and use Tog's.

Speaker 2 (45:37):
Head be after eight Andrewebl Jason Plying twenty three minutes
away from age to change days, Prime Minster to crystopal
luction is well us very good morning, Good morning, Mike,
can you very well? Indeed, one of the reasons your
office told us you wanted to change days is so
you could turn up more often in the studio, and
yet on day one, where are you?

Speaker 22 (45:55):
No, that's the intention, So I do want to try
and get into the studio and do more of media
in Auckland and studio with you. What a great way
to start the week seeing your lovely smiling face.

Speaker 2 (46:03):
Yes, indeed I agree with that. Also that was suggested
from your office that you wanted to take all my
good ideas directly to cabinet. Is that true.

Speaker 3 (46:13):
At the de facto leader of the opposition. No, No,
we don't need that. We've got a good cabinet process.

Speaker 22 (46:20):
But I do actually thought that just I'm trying to
make its work schedule wise. I think it's great if
I can get in to see you a bit more rigually,
and trying to do it on a Monday is the
better way to go about it.

Speaker 2 (46:29):
Okay, is today fairy day?

Speaker 3 (46:31):
Today is Fairies Day?

Speaker 18 (46:33):
Yep.

Speaker 22 (46:33):
Winston will have more to say about that this afternoon
and talk about what our plans are there.

Speaker 3 (46:37):
Yep.

Speaker 2 (46:37):
Have you seen what I mean clearly you have. Are
you pleased with what he's drummed up?

Speaker 9 (46:42):
Yes?

Speaker 22 (46:42):
Yes, I think he's got to a really good position.
So I don't want to preempt any of that, and
I know you'll try and get it out of meat,
but the reality is I want him to be able
to announce that really cleanly and be able to give
and share what he's thinking about how to take it forward.

Speaker 2 (46:55):
Does it solve our problem? Yes?

Speaker 3 (46:57):
It does.

Speaker 22 (46:58):
Yes, And as I said, the original proposal solved the
problem and we're very comfortable with where we were at,
and he's got to the end of today to make
sure that he can deliver something better or deliver that
proposal so.

Speaker 2 (47:10):
He could do in three months what Nikola Willis couldn't
do in a whole year.

Speaker 22 (47:15):
Well, I mean, we got to a really good position.
We're very comfortable with the proposal that we announced at
the end of last year. But we also have a
window of time, as I said, because we don't need
the new Fairies for a while, and there's plenty of
time in the process for him to look at alternative
options and to really go deep and explore it even further.

Speaker 3 (47:31):
So, you know, let's see what he says later on two.

Speaker 2 (47:34):
Well, you've just sort of given it away. So what
we don't have today is a defender to answer into
the question there are more options to be explored with
more time. Is that what he's announcing. I thought he
was announcing two or three ships from Company X for
hy number of dollars arriving on you know, w day.

Speaker 22 (47:51):
Yeah, I'm really sorry, Mike, but you're just going to
have to wait until this afternoon when he comes out
and announces the plan.

Speaker 2 (47:55):
All right, Well, if that's the case, and we're looking
for more time and more more exploitation exploration. What's the
more disappointing announcement the fairy announcement still to come this afternoon,
or yesterday's supermarket announcement which achieved yet again nothing.

Speaker 3 (48:09):
No, I disagree.

Speaker 22 (48:10):
I think we're doing everything we can as a government
to make sure there is more competition in that supermarket sector,
to make sure that Kiwis aren't paying too much, and
we should be exhausting all the options available to us.

Speaker 3 (48:20):
And that's what Nicholas announced.

Speaker 2 (48:23):
Why couldn't you pick up the phone and go what's
stopping you coming into the country instead of doing this
six week thing. Why didn't you ring Eldie and go hey,
why aren't you in the country and what can we
do well?

Speaker 22 (48:34):
I imagine that will be part of the consultation for
that six week period, but to make sure that we
are we are exhausting all the options available to us
to see whether there's anything more we could be doing
to encourage a third.

Speaker 3 (48:45):
Entrant, talk to a bunch of players across the.

Speaker 22 (48:47):
Sector and make sure we've captured everybody with their different
views on it. I think six weeks isn't unreasonable to
actually say, right, we want a comprehensive piece of work.
Maybe other governments in the past haven't actually thought about
things or being prepared to go as deep as what
we're plot proposing.

Speaker 3 (49:02):
But I think it's a good thing.

Speaker 2 (49:03):
But when you say as deep as what you're proposing,
what is it you're proposing short of the broad idea
that somebody else comes into the country. You've spent a
whole year and a half on this and achieved literally nothing,
What is it you know, literally proposing that will actually
literally have a supermarket open in this country.

Speaker 3 (49:19):
Two things.

Speaker 22 (49:20):
I want to make sure that we have done everything
we can to understand if there's anything more we can
get right in encouraging a third entrant into the marketplace.
That is not easy, I get it. But the second
thing is what are the structural options that are available
to us today in the current market to see that
we can improve competition as well. Those are two really
substantive pieces of work. They're important pieces of work. We're

(49:40):
not going to die wondering whether there was more for
us to do to get Ky's a better deal at
the supermarket that's agat So why would you do Last year, well,
we had a situation where the actions of the previous
government they put in place a Commissioner Code of Conduct
some other stuff that was reviewed at the end of
last year and found not to have worked or been efficient.

Speaker 3 (49:57):
And that's why we're going further now.

Speaker 2 (49:58):
Right, Yeah, I can't work out is you don't need
you six weeks. You hit the phones and go why
aren't you here? Ring the warehouse, ring anybody, ring, costco, ring,
ld ring, just to wring them up and just go
what's the problem? Let me let me dulk you out.

Speaker 22 (50:13):
And that's what we'll be doing as part of that
formal six week process, so the payers will be contact.

Speaker 2 (50:18):
You don't need a formal six week process. You don't
need a speech on a Sunday morning. What you need
is a phone call to a couple of people and go,
what's the problem and if there is a problem you
can solve, just.

Speaker 22 (50:25):
Get on and do it well, whether you're doing individual
phone calls or whether you do it in a formalized
process over a six week window.

Speaker 3 (50:32):
I don't think that's too much to ask. I think
all those major players will be talked to.

Speaker 22 (50:36):
And importantly, what this is about is just making sure
that we have done everything we possibly can, and we've
talked about it for years, and we've got to make
sure these two actions that actually we've got all the
options that we've got. We're up for anything and everything
to improve competition.

Speaker 2 (50:49):
She gave herself away and talking about twenty four billion
dollar industry, which is more than tourism and dairy put together,
she seem not to connect the dots that if this
market is so big, so valuable, someone would have actually
jumped in. Is it not possible that we are about
where we are because we're a tiny notion at the
bottom of the world and it's two big players plus

(51:10):
a bunch of small ones and that's our lot.

Speaker 22 (51:13):
Well, I think the point is it's a fair challenge
you make, which is that it's a profitable sector and
if actually, if it truly was competitive, you would have
actually had a big player come in. That's the other
way to look at it. And I think the key
thing for us is making sure the settings are as
competitive as they possibly can be, because clearly the market
isn't working to attract overseas entrance into it. And I
get it, that's a big, big you know, it's a

(51:35):
big investment for it an overseas player or a local
player to step up into a national network of supermarkets.
But if that's the point is, we want to make
sure that there's any any regulatory barriers, obstacles, anything that's
getting in the way, that's that's not letting that investment
come through.

Speaker 2 (51:53):
We want to remove What about the argument that David
Seymour makes, and I've got some time for it. What
message do you send the world that you're a government who,
upon looking at it, might go tell you what we
think you make a bit much money will just bust
you open.

Speaker 22 (52:08):
No, this is actually about a market that actually isn't
as competitive as it can be.

Speaker 2 (52:13):
And subsequently, but according to who, well.

Speaker 22 (52:15):
According to we've seen the Commerce Commission come through, We've
seen you know, there's been a number of reviews in the.

Speaker 3 (52:20):
Past about all of this or aspects of the sector.

Speaker 22 (52:22):
And so the bottom line is where markets are failing
or are not working. So you think the market you've seen, well,
we want to make sure that we've done everything we
can mike to remove any impediments obstacles to getting more
competition in the sector.

Speaker 3 (52:34):
Why wouldn't you do that? Why wouldn't you exhaust every
option available to you?

Speaker 2 (52:38):
Why would you go wondering there was US three yesterday
and we will break you up. Now what message does
that see the rest of the world in any business area,
especially when you're looking for money, that the day that
Crystal Luxen wakes up one morning and decides he doesn't
like the industry anymore, will threaten to break you up.

Speaker 22 (52:54):
No, there's been international investors that have been coming at
our infrastructure summit. You know, want to know that entering
a competitive market, that they actually got a really fair
deal and they've actually got an equal opportunity to be
able to compete strongly against a competitor locally. Right, that's
completely reasonable, that's what they should be expecting.

Speaker 3 (53:12):
Here.

Speaker 22 (53:13):
We've got some structural challenges that obviously we haven't been
able to get a third interest in. Obviously we've got
to a duopoly where actually prices that quies are paying
are high, and we should be exhausting everything we can.

Speaker 3 (53:24):
Now that's hard.

Speaker 2 (53:25):
Look, when you see structural challenges, I can't short of
the early on in the piece, there was the land
holding thing, and they grabbed some land and they held
it and they prevented other people getting into the market.
I got that that was reprehensible, but that's been solved.
I can't see any structural challenges to somebody with the
checkbook to come in if they wanted to and take
ten percent into the market. I don't know what that
structural challenges and I don't think you do either, do you.

Speaker 22 (53:48):
Well, that's why we're doing the review in six weeks
to find out exactly if you're sitting in the perspective
of international entrance or even local entrants that want to
scale up to become a national providers, we want to
understand from their point of view what they are experiencing
and what what are the obstacles for stopping them from
being able to actually set up a network in that way.
The second thing is we do want to understand what
structural options we could possibly implant to make that market

(54:11):
more competitive. And it may well mean you look at
vertical or horizontal integration issues and some more structural reform
around that. But always saying is look, this is a
market that actually needs to be more competitive, needs to
have more innovation in it, and key weis need to
get better prices.

Speaker 2 (54:27):
Why did you buy planes? You couldn't service for the
air Force.

Speaker 3 (54:32):
And what what are you talking about? Which planes?

Speaker 2 (54:34):
The Poseidon planes, the P eights, We can't service them.
We send them to Australia. Why would you buy planes
you can't service. Oh, that's quite normal.

Speaker 22 (54:43):
There's often expertise on the ground for engine maintenance and
repairs and aircraft maintenance.

Speaker 3 (54:50):
That's quite normal.

Speaker 22 (54:51):
You know in New Zealand will send aircraft off to
Singapore for example, if it needs to have heavy maintenance.

Speaker 2 (54:58):
We had the expertise to do that jobs on shore,
we'd have the business on shore. We'd look after our
own planes.

Speaker 22 (55:04):
Sure, but we've got four P eights and we've got
a fleet of them sitting in the Australian Air Force.
They're exactly the same as ours. We want to be
interoperable with Australia. We want to have as much, you know,
an ANZAC force essentially between the two countries, so many
you know, they sometimes use different parts. They use our
aircraft and sometimes for their operations we use theirs. This
is I think very pragmatic, very sensible sort of way

(55:24):
to go.

Speaker 2 (55:25):
All right, appreciate times, see you next month. They appreciate it.
Christoph Lux and the Prime Minister. Excuse me, it is
thirteen minutes away from eight.

Speaker 1 (55:32):
The Vike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (55:37):
At be Mike's lux Surrey wants to change to a Monday.
Not sure he is enjoying across examination the warehouse. Mic
has failed twice now, once a full blown supermarket, when
Sylvia Park open, now scaled back option and suit you
they had the scale domestically but still couldn't make it work.
This is my point. No one seems to be applying
much logic to this. I don't know if you've got
the same thing out of that interview. It's just like

(55:58):
we want to make sure that we haven't done it
thing we could fair enough. Nothing wrong with that. You
want a competitive market, fully agree, but you could have
done that by now. I mean providing an open, free,
competitive market isn't hard, because we do that in all
sorts of different areas around. What's so weird and confusing
about supermarkets that we're not able to suddenly work out

(56:19):
what we need or not need to do us Luxamway
doesn't bring it another airline as well, Mike, I've just
been listening to yet another example of what's typical in
this country. We talk about anything for years, but when
it comes to actually doing anything, forget it. Mike's supermarket.
You made a point, Why don't others simply start up,
remember and set. What new players will be looking for
is protection from the government, and the government will provide
to prevent anti competitive actions by incumbent players. That's fine,

(56:42):
but we've done all of that. We've been through all
of this. We had the grocery Commissioner, we had new rules,
we've had the talk about the price gouging, the supermarkets
who used to buy land to prevent you from opening
up your supermarket across the road from the current supermarket.
All of that's gone, and so we're not criticizing the ovenment.
The government have done, as far as I can work out,
everything possible to make it an open playing field, and

(57:04):
why they need another six weeks to do yet again
the same thing, is it not entirely possible. We'll get
to the end of the six weeks and we'll go
there's nothing more we can do other than bust up
these two companies. And here's how we're going to bust
them up. And for that, we're going to need some law,
and we'll get the law into the House this year,
and it will take all of next year to pass it,
which means you then go to an election, and so

(57:26):
your first term's come in complete and utterly wasted. And
then during the election campaign you're going to have people
asking questions like, are you the sort of government who,
upon seeing a market you don't like, is not against
actually busting up in interference. Now, if you are, why
would you then be a person overseas with money coming
into this country to invest when you don't know what

(57:48):
the landscape is if the government wakes up one morning
and decides they don't like it anymore, or questions like that.
Eight minutes away from eight.

Speaker 1 (57:57):
The Mike asking Breakfast with Bailey's real estate news talk Zby.

Speaker 2 (58:01):
I'll listen to what he said about Winston.

Speaker 22 (58:05):
I don't need the new fairies for a while, and
there's plenty of time in the process for him to
look at alternative options and to really go deep and
explore it even further.

Speaker 3 (58:11):
So, you know, let's see what he says, is.

Speaker 2 (58:16):
That a guy call me old fashioned. What I thought
was going to happen by the end of March was
he would this afternoon, present a picture saying, ladies and gentlemen,
I've gone to let's make it up Hyundai, and I've
signed a deal with Hyundai and they're going to provide
us with two or three of these x y Z
fill in the dot, whatever the name of the ships are.

(58:36):
And they're going to cost this country x yd film
the name of that's going to cost ext one hundred
million dollars. And as a result of that, they're going
to be rail enabled or not. And as a result
of that, we're going to need some infrastructure in Wellington
or Picton or Northport or whatever the case may be.
And I was expecting the detail today.

Speaker 9 (58:53):
I was what gave you that idea?

Speaker 14 (58:54):
Was it when he said that we've.

Speaker 3 (58:55):
Got to keep taking barnacles off this boat?

Speaker 14 (58:59):
Or was it when he said you.

Speaker 22 (59:00):
Watch for the rolling thunder, Mike plusk that's coming.

Speaker 2 (59:03):
Just like, come on, if I don't get some boats
some names of boats and the cost of those ships
and how much infrastructure is we're going to have more
exploration and more time and more chats. What have we
actually achieved in a year and a half, remembering, of course,
they spent all of last year going exactly nowhere until

(59:24):
we got to December and Nikola Willis made the grandiose
announcement that the fairy announcement is Winston Peters is the
new Minister for Fairies and so off he was going
to go until the end of March and we were
going to get all the detail we needed. Are we
going to get that detail today or not? And if
we're not? Is that two damp squid announcements within twenty

(59:48):
four hours saying things that really achieved nothing go nowhere
that are just more well.

Speaker 3 (59:54):
I think it's a Kickr solution.

Speaker 23 (59:56):
News is next, the News and the Newsmakers, the mic
Hosking Breakfast with Bailey's real Estate altogether better across residential,
commercial and rural.

Speaker 1 (01:00:08):
News talks, head.

Speaker 2 (01:00:09):
Bes, room chills, No wrong, no wrong car.

Speaker 19 (01:00:18):
What a performance from the Hurricanes.

Speaker 10 (01:00:20):
They have absolutely wipe the warra cars here Tonight eight.

Speaker 14 (01:00:25):
Set Brambys bounce back with a win against the Highlanders
the School thirty four to twenty seven.

Speaker 2 (01:00:32):
A miracule ad March Fazzano Bugger's been for the first time.

Speaker 24 (01:00:37):
They beat the Crusaders and Christs.

Speaker 12 (01:00:42):
The rock Tacks, the Cats.

Speaker 1 (01:00:44):
To putish things off when you're on they won the
first match here in nightteen.

Speaker 2 (01:00:49):
We're finished here in Brisbane. The raw nil Autland deft
C two a full time.

Speaker 20 (01:00:55):
The Warriors twenty six have beaten the Tigers twenty four.

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

Speaker 2 (01:01:09):
Andrew Sabil and Jason Pine both well, this fellows, good morning.

Speaker 10 (01:01:12):
To you make.

Speaker 2 (01:01:14):
What would Andrew your story of the weekend be? Would
it be the Mawana Pacific win? The breaker is under
new ownership Fox. He would have been in there if
he wasn't falling down the leaderboard. But say Fox potentially
winning Warriors three in a row. There's some good stories there.

Speaker 19 (01:01:31):
It was a great weekend. I think Moana hands down.
No one absolutely no one picked them, would have picked them,
picked them to go and winning christ Church against the
Crusaders who are in a pretty good trot. The resurgent Crusaders.
I thought that was an outstanding effort from Mardie Savi
and his team. You know, they played with poise. They

(01:01:52):
had their best game probably since their existence began a
few years ago. Mike, and they've been giving up chunk
of tries this season. They didn't do that. They they
they started well and they and they just kept going
and finish well. I think everybody expected the Crusaders to
come back, but I thought that was aff In fact,

(01:02:12):
they've had two wins. They should they should have had
four winds so far.

Speaker 9 (01:02:15):
Yeah, but they should be run up to the table.

Speaker 2 (01:02:17):
Yeah they haven't. But that's my point is that you're
getting excited about one win and on your day, anyone
can beat anybody. Or is it a sign that there's
something brewing.

Speaker 19 (01:02:27):
I think there's a sign that there's something brewing. I
think clearly Savvy has added a lot to the team.
PALEGREENI the first five he's new this year. He's added
a lot to this team. They've got some good coaches,
good structures in place, new owners.

Speaker 10 (01:02:38):
Mike.

Speaker 19 (01:02:38):
I think, I think, yeah, this is this is something happening.

Speaker 2 (01:02:41):
Okay, just quickly, Jason, before I forget the game last
night to nil? Were the conditions The East Coast of
Australia has had a shocking summer.

Speaker 24 (01:02:51):
Yeah, Look, I think sun Corpse Stadium is as suffered
from that MIC and also being a multi use venue. Yeah,
Auckland got the job done.

Speaker 9 (01:03:02):
I think we can.

Speaker 24 (01:03:02):
We can sort of go over it quite quickly and
say yep, job done to nil. Highlight for me in
the weekend was the Warriors last night. I thought they
were tremendous and resilient coming back Luke Metcalf, I mean,
big boots to fill. With Sean Johnson departing, I think
he's starting to show the potential that Andrew Webster has
seen in him. Clutch conversion and then a penalty right

(01:03:25):
at the end into the wind in the rain. And
what about this kid Leca Hala Sema, nineteen year old
storming down the right wing to score the try that
brought them level. I think, you know, that's a big
game for the Warriors, you know, to win away like that,
I think we can put Vegas in the rear view
mirror three in a row.

Speaker 9 (01:03:44):
Who knows, who knows? Well?

Speaker 1 (01:03:46):
I do.

Speaker 2 (01:03:46):
It's our year, So don't say.

Speaker 19 (01:03:50):
A couple of things. A couple of things. There was
no one at the football and Brison was there Jason
that that was a ridiculous look. So surely a league
management must sit back and look at Auckland FC, start
and think, gee, this is a godsend for our competition,
seeing crowd, seeing fans.

Speaker 24 (01:04:05):
Yeah, yeah, it was like a COVID game, wasn't it
last night? Are Yeah, Athleebas are But Auckland can only
do what's in front of them. They get the win
back at home on Saturday. Be a big crowd there
on Saturday. By comparison against Western Sydney, seven points clear
at the top with four or five games to go.

Speaker 9 (01:04:23):
Yeah, it's over, isn't it really?

Speaker 2 (01:04:26):
I mean, you can't lose from here, can you?

Speaker 9 (01:04:28):
Should They?

Speaker 24 (01:04:29):
Well, they shouldn't. They shouldn't from here. They've got a
good run and a couple of difficult away games. But yeah,
I just I mean, I've been so impressed, as I
know you guys have with everything around this football club.
Finals are coming to coming to Mount Smart.

Speaker 2 (01:04:42):
Yeah what what are they going to do?

Speaker 9 (01:04:44):
Sav?

Speaker 2 (01:04:45):
I mean, I think you've hung out with the Breakers
a bit over the years, haven't you. With these new
ownership model, did the Blackwells are back? I mean, where
did all this come from? Because we don't sort of
becover the Breakers the way we used to because they're
not that good anymore. But I mean we're we're so
out of the blue sudthing bing here, I am with it.
What's happened?

Speaker 19 (01:05:00):
Well, I think, look, Mark Mitchell, this American business, and
he was linked with the with the Auckland f C
or the A League license. His name was touted or
floated around that in the in the early stages. But Mikeah,
I think, look, the American ownership group under Matt Walsh
had been hawking it off for some time around the

(01:05:22):
Sporting Trap, so he and his group wanted to get
rid of the breakers or sell them. It's a great
move that there's a lot of Kiwi's back involved now
in a management or a board level, if you like
Dylan Boucher, Tom Abercrombie, two of the club's greatest players
heavily involved in the new setup. That's great to see.

(01:05:42):
My understanding is the coach, the finished coach they hired
this year is likely to stay on and a number
of the players are. But then they will look to
inject I think a lot more key we flavor into
the into the team and into the way this team plays.
So I think it's good news. And look, Mike the
Black calls original owners or that all long time owners.

(01:06:03):
They had a lot of success, so it'll be good
for the Breakers to have them back involved.

Speaker 2 (01:06:09):
BREU break More in the Moment, Jason Pin and andrews
Sevil thirteen Past.

Speaker 1 (01:06:12):
The Mic Hosking Breakfast Full Show podcast on iHeartRadio, car
it By News.

Speaker 20 (01:06:17):
Talksp News Talks, sixteen past eight the Monday Morning Commentary
Box on the Mic Hosking Breakfast with Spears Finance supporting
Kiwi businesses with finance solutions for over fifty years.

Speaker 2 (01:06:30):
Mike's sports story of the weekend. Surely Westlake Boys winning
Marty Cup after forty years.

Speaker 19 (01:06:36):
Yeah, they were great scenes, as they always are.

Speaker 2 (01:06:38):
At the man, They're always great scenes, aren't they?

Speaker 19 (01:06:39):
Just just quickly, can I go back to the Breakers?
Look the flip side of the downside of that is
the staff that were working for the previous Breakers owners
were told to clear out their desks. I think it
was last Monday or Tuesday.

Speaker 10 (01:06:51):
Are all gone, All.

Speaker 19 (01:06:52):
Hard working people that have poured their heart and soul
of the club. That's the other flip side. Harsh reality
of pros fort, isn't it which someone Liam Lawson's learning
all about now. So big clean out for the Breakers,
but the new owners have come in and swept the
room through and it's their club now. But yeah, back
to the rowing. Great great result for West Late Boys.
It was a fantastic race that came back. I think

(01:07:15):
it was some beads or sacred happen maybe someone out.
I think it was some beads that took over the
lead and then the West Late Boys came through in
one year forty years draft.

Speaker 9 (01:07:25):
Pretty good.

Speaker 2 (01:07:25):
The funny thing, isn't it. It's like I got to
say I was involved. As an overstatement, but one of
the kids was involved in rowing for a while and
they went to a couple of Marty cups, and you know,
they sort of go to Cambridge or Takapota, bending on
the year, et cetera, et cetera. It's a sort of
a thing, Jason, whereby you sort of it becomes the
center of your world until you leave school and suddenly

(01:07:47):
it isn't because no one goes on to row more,
do they. You know what I mean? You might go
to still play tennis, or you might kick a football,
but very few people go on and carry on with
their rowing, do they.

Speaker 19 (01:07:57):
Oh, some of them, I mean, some get scholarships to
the States, and some then end up rowing for New Zealand,
but not all yep, yep.

Speaker 24 (01:08:04):
I think that secondary school sport, isn't it. A lot
of basketball is another great example. You know, hundreds and
hundreds of kids playing secondary school basketball and then they
leave school and there isn't really anywhere for them to go.

Speaker 9 (01:08:15):
So yeah, I think it's just second run.

Speaker 2 (01:08:16):
You should say that. I was watching I happen to
see the very end of the Rams were playing. And
who were they playing yesterday? I can't remember, it doesn't matter,
but they were saying half the Rams, half the half
the Rams sides of high school kids.

Speaker 9 (01:08:30):
It's the national basketball leagues like that.

Speaker 24 (01:08:32):
This year half of the Hawks, Bay Hawks are there's
a there's a kid called Jackson Ball who could be
anything he wants to be. He stopped scoring from the
played forty minutes the other night. But yeah, it's so young.
Now we're going to watch the Saints the other day.
Actually are in Wellington and there are a lot of
lot of youngsters in and around these teams.

Speaker 19 (01:08:49):
And again it's good, you know, a lot of I mean,
there's a lot of talent coming through the bottom of
the pyramids of basketball's massive these days and Yep, that
talent is coming through at a lot younger right now.

Speaker 9 (01:08:58):
I was quickly back to the mike.

Speaker 19 (01:09:00):
You would know then.

Speaker 9 (01:09:01):
They're having a kept involved.

Speaker 19 (01:09:02):
It's a bloody hard sport, isn't it.

Speaker 2 (01:09:04):
Oh yeah, how these.

Speaker 19 (01:09:05):
Kids do that and school work and carry on. It's
it's because.

Speaker 2 (01:09:09):
You're up early in the morning. And I mean, I
don't want to speak for the rest of the country,
but certainly in Auckland you've got to travel a lot
of miles to get to where you can row and
that makes it hard as well.

Speaker 19 (01:09:19):
But just a training session was an absolute gut buster exactly.

Speaker 2 (01:09:23):
But I go back to my basketball years, Andrew, and
you'd remember this being being the star of the Aarnui
high school team. Is the Rams? The Rams? You know
you looked at the rest?

Speaker 10 (01:09:33):
Was it?

Speaker 2 (01:09:34):
They were in high school kids? It was stan Hill,
wasn't it?

Speaker 19 (01:09:37):
Stan Hill was forty eight, John Hill was forty six.
Great days, Michael Carl Stadium rocking mate.

Speaker 2 (01:09:45):
Did right?

Speaker 8 (01:09:46):
Do you know?

Speaker 2 (01:09:47):
I was looking at it could have been only it
was a Carl Stadium yesterday. But Carl Stadium hasn't really
changed all it looks. It's instantly recognizable of that's Carl Stadium.
There you go.

Speaker 19 (01:09:58):
If you look in some of that coverage, you'll see
my two front teeth, my original two front teeth and
better than that court.

Speaker 2 (01:10:05):
Those were the days. Ryan Fox is not going to
win today, which is unfortunate because we I always worry
about after the third round and you hear the words
in contention, then round four comes out and you think
this could be it until it's not.

Speaker 24 (01:10:20):
Yeah, I mean he's done well there hasn't mean even
to be in the in the down the home stretch,
I mean, not too many.

Speaker 9 (01:10:24):
Key was the one on the PGA too or.

Speaker 2 (01:10:26):
I think nine of them Jon want to you want
to find fa nine of them have won on the PGA.

Speaker 24 (01:10:30):
Nine Yeah, that's going to write that down nine. He
could have been the tenth.

Speaker 9 (01:10:33):
Yeah. Min wou Lee, he's an interesting golfer is in
the Australian.

Speaker 2 (01:10:36):
See, I've never heard of them at the moment, I've
never heard of him. He hadn't heard of them, but
never heard of I know Scheffler and McElroy. Apart from that,
I'm struggling.

Speaker 19 (01:10:44):
He's been around one and his sister's a good golf
for two.

Speaker 9 (01:10:47):
Yeah, Yeah, he's a good mate of Daniel Hill. Yeah,
they're they're they're very close those two.

Speaker 2 (01:10:51):
Well, apparently he's also made Ryan Fox's yesterday he was
one of his best mates. So I don't know what's
going on there.

Speaker 19 (01:10:57):
And doesn't it prove again, Mike again what we're going
to with regards dedication with sport and the harsh reality
is a pro sport that and if your mind's not
at the top of the game, you'll lose like the
Crusaders did on the other Saturday night that you know,
you may be leading or in contentionent a third round
of a pro event, but it takes all your will
and all your might to win, doesn't it. These guys

(01:11:18):
top two, they make it look easy, mate, They make
click easy.

Speaker 2 (01:11:22):
Hey, I got Joe Parker in the studio tomorrow. We're
doing we come and I normally run him a couple
of rounds in the morning just to warm up and
stuff you'll see, but he said he will stay behind
for an interview today. Anything you want to know? What
do we need to know?

Speaker 9 (01:11:35):
Mate?

Speaker 19 (01:11:35):
You would be like a piece of fluff on the
back of his soup jacket.

Speaker 2 (01:11:41):
Do you know every time he comes in here he's
grown and I'm shrunk.

Speaker 19 (01:11:48):
His biceps and chests are huge, and his legs are
getting bigger. Meanwhile you're hunching over more with every day
of your life.

Speaker 2 (01:11:55):
Yeah, it's just like it comes and I go, are
you getting bigger? Am I getting smaller?

Speaker 8 (01:11:59):
Again?

Speaker 2 (01:12:00):
Bit of both mate, That's how it goes. So anyway,
nice to see you guys. We'll catch up next Monday.
Andrew Sable and Jason Pine. It is twenty two minutes
past day.

Speaker 1 (01:12:10):
The myke Hosking Breakfast with Veta Retirement Communities News togs Head.

Speaker 2 (01:12:14):
B Now, if you're hiring an internal HR first and
that could set you back eighty k plus a year,
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hr dot works is where you're heading. Okay, my hr
dot works to get started asking a lot of you
text him of what A few of you are texting
me about Cole Davies MX Racer Supercross two hundred and
fifty CEC main event yesterday won it only the second
key we ever to win the two fifty Maine event.
The other guy was been Townley, of course, so it's

(01:13:18):
just I believe he's just seventeen supercross? Is that a
big deal? How big a deal of supercross? It's very
difficult to know, isn't it. Do you follow in New
Zealander because the New Zealander is doing well? I mean,
I look at the skiers over the weekend, continuing to
Allison Coe, we're seemingly producing more and more skiers. Well
you know, snow people. Supercross, motocross, Is that a big deal?

(01:13:42):
Do we cover all of those? Do we stick with
the main I mean, there's no artswer. I mean, I'm
still angry there's no snooker on television for goodness sake.
I mean, what do you do? I got emails this morning.
I don't read those emails out there saying Mike, where's
the snooker on the television? I will buy email back
early hours of the morning. I don't know where they
wish you go. I mean, is it worth it?

Speaker 14 (01:13:57):
Ivis though? If you replied to an email that you
sent to yourself. Just keep getting emails.

Speaker 2 (01:14:01):
Now, you see that that's the thing. Should we get
the head of sky on But we don't want to
do that because everyone's going, why are you talking about snooker?
Who cares about snooker? Same way I could say, well,
who cares about motocross? Who cares about Supercross? Who cares
about Ryan Fox coming eighteenth in the Houston Open? You
know what I'm saying. That's the dilemma around sport, isn't it?
Speaking of sports, Steve Williams later on this week, I'm

(01:14:24):
trying to think of the last time I interviewed him,
and I can't remember, which leads me to believe it's
entirely possible I'd never interviewed him which would make it
quite something because that's cool because he's he's got a
great story to tell, some of which you will tell
to us on Thursday. And as I mentioned, Joe Parker
is in the studio tomorrow. So as it turns out,
it's not only Liberation Day on Wednesday, but it's a

(01:14:45):
big sports week on the Mike Hosking Breakfast and that's
how it goes. Let's go across the tasm and check
those poles out with Steve Price in Australia as their
election campaign years up. Ter the news which is next.

Speaker 1 (01:14:57):
The only report you need to start your day, the
MI Casting Breakfast with a Vita Retirement, Communities, Life your
Way News togstead be Now this.

Speaker 2 (01:15:07):
Is super interesting and just developing. The Commerce Commissioners you'll
be a hope Aware has been looking into the Auckland
Airport for a sustained period of time. The argument has
been for many many years that Auckland Airport, being largely
a monopoly, they overcharge, and they overcharge all sorts of
people for all sorts of different reasons, from the airlines
for landing charges to you and I, who ultimately pay

(01:15:27):
the price for their redevelopment et cetera. And if they'd
given less money by way of dividend to the shareholders
over the years, the whole thing would be different anyway.
Their final report has just been published the Commerce Comission
into Auckland Airport and Auckland Airport are overcharging, according to
the Commerce Commission, by one hundred and ninety million dollars
a year. So this is Auckland Airport's twenty twenty two
to twenty twenty seven price setting event concludes the airport's

(01:15:50):
forecast revenue is excessive, its targeted returns are unreasonably high.
The airport is targeting excess profit of about one ninety
and its charges are too high, with businesses and consumers
likely to end up carrying much of the cost burden.
The excess profit represents a targeted return of eight point
seven three percent from price deeronautical activities, for example, aircraft,
landing and passenger terminal charges, compared to the Commission's estimated

(01:16:12):
reasonable returner between seven point three and seven point eight. Now,
what makes that interesting, it'll be grist to the mill
to people who agree with it, obviously, is who are
the Commerce Commission to tell us what's right and what's wrong?
And this is the problem with monopolies. It's the problem
with supermarkets, it's the problem with gen Taylors and retailers
in the power sector, it's the problem with telcos. Who
are the Commerce Commission. I'm not saying the wrong I'm

(01:16:34):
just saying, who are the commis commission to tell us
what's right? Why is seven point three right and another
number is wrong? And then having done this final report,
what happens next? And what are the answer is nothing?
Twenty one minutes away from.

Speaker 1 (01:16:49):
Nine international correspondence with ends and eye insurance, peace of
mind for New Zealand business.

Speaker 2 (01:16:54):
So tightly we go. Stephen, my friend, how are you good?

Speaker 10 (01:16:57):
Very good? Thank you? The elections up and running until
undred to be announced late last week.

Speaker 2 (01:17:02):
Am I correct in my observation and watching the Warriors
last night? And I only referenced this because both blokes
started their campaign in Queensland. It's just Queensland and New
South Wales had a miserable summer weather whys in terms
of rain.

Speaker 10 (01:17:15):
Horrendous, particularly Sydney. Sydney's had more rain across somemer than
I can ever remember. I mean, people joke and laugh
about Melbourne weather, but Queensland in particular has had really bad.
I mean, obviously we had the cyclone, but in outback
Queensland there's floods up there that are swept away on
one property alone, four thousand sheep. In the last week.

(01:17:36):
The rain has been persistent right across the East and seaboard,
particularly in those two states. So yes, it's been very wet.

Speaker 2 (01:17:44):
Okay, so I just saw them start and it was wet.
And these poles I've mentioned on a big swing to labor.
Wonder you believe them? And two if you do, why.

Speaker 10 (01:17:56):
I'm not sure that I do believe them because the
campaigns only been up and running. As we now know.
It's Friday, and so most of the things that were
announced that week, including the five dollars a week tax
cut way off in the distance, which was the centerpiece
of the labor budget, and then the fuel exis been
cut in half by the coalition. The favor to win.

(01:18:18):
I don't think that's settled in people's minds yet. They've
not got their head around it. But when you do
get your head around it, clearly, taking your trade a
ute into a service station four times a week and
filling it up because you're doing a job that's one
hundred k away, you're going to save a huge amount
of money. If the petroxise is cut by twenty five percent,

(01:18:39):
that's going to save on average about seventeen or eighteen
dollars per tank, and so that's a meaningful saving. Now
that's aimed by the coalitions squarely at the people who
live in the outer suburbs, particularly of Sydney, Melbourne and
even Brisbane. Because they're longer commutes men, they use more fuel.
So I think once that takes hold, there may indeed
be a bit of a reversal. But this is not

(01:19:00):
good news for the coalition. They start the election on
the back foot. It gives Anthony Albanezi a lot of confidence.
Newspoll has now got Labor at the same position it
was when it won the election in twenty twenty two.
And Peter Dutton, let's be clear, he's got to win
twenty two seats twenty two seats net to get himself
into majority government, so he doesn't want to see a

(01:19:22):
news poll like this. Labour's primary votes back at thirteen percent.
Anthony Albanese's popularity has gone up and a two party
preferred Labour's now in front fifty one to forty nine,
so it is not good news by any measure for
the coalition.

Speaker 2 (01:19:36):
Interesting the numbers. One of the polls that you go
one said a median estimate for Labor of seventy five
seats lower estimate sixty nine, upper estimate eighty. If they
end up they need seventy six. Of course, if they
end up with seventy five, which is the media and
that's as good as a win, isn't it in terms
of yes, it's minority and you still need somebody. But
I mean you'd be pretty happy with that given what
could have been, wouldn't you.

Speaker 10 (01:19:56):
Yeah, you'd be very happy. And you consider this. There's
currently in the Australian Parliament sixteen people on the cross bench.
Now that includes a bunch of Teals who will retain
their seats like Wentworth in the easterns of Ebbs of Sydney.
That seat was stay as a Teal seat, and there's
a couple in Victoria that will probably stay on. They

(01:20:17):
may lose a couple, but you can negotiate yourself very
well into minority government without dealing with the Greens on
a seventy five seat when it's a big ass for
Peter Dutton. And one good news one update is that
we've just found out that one of the Independence women,
called Rebecca Sharky, who holds the seat of Mayo in
the Adelaide Hills, used to be held by a former

(01:20:39):
Foreign min Australia Center downer. She said the first person
she would call if there was a Home Parliament and
support would be Peter Dutton. So he's got one on
the cross bench at least there's a couple of disaffected
Liberals that sit on the cross bench who you would
think would put their hands up for Peter Dutton. But
there's a long way to go in this thing. We
are only into really what is week one?

Speaker 2 (01:20:58):
Do you see the possibility that the election can be
won or lost within this campaign? In other words, what
they say or don't say, your mistakes or whatever could
swing it or is this a fore gone conclusion.

Speaker 10 (01:21:12):
No, it absolutely can be won. During the campaign. You
might recall the Bill Shorton versus Scott Morrison campaign where
Bill Shorton was the late our mozire to win. Everyone
had him over the line and then you had it
during the campaign. The whole question of energy and electricity
prices was front and center, and Queensland turned on labor

(01:21:35):
and voted green and Bill Shorton suddenly lost that campaign.
That's why Albanezi and Dunton were in Queensland. There's three
seats on the fringes of suburban Brisbane that are Green
and both sides think that they can snatch one, two,
or all of those three seats back off the Green.
So every Australian election to be won or lost during
the campaign, it just takes one stumble, people focus on

(01:21:59):
it and then the you go, your lead's gone completely.

Speaker 2 (01:22:02):
This banning of barbecues and Victoria is this one to
do with gas? And two is it real?

Speaker 15 (01:22:07):
How do you gas?

Speaker 10 (01:22:10):
It's all about gas. So this crazy government here says
if you build a new house in Victoria now you
can't connect to gas. You must connect to electricity. Your
hot water's got to be electric. You've got to have
a convection soovetop. You can't have gas no more in
your kitchen. You can't put in a gas oven and
so everyone is completely beside themselves on that. But beyond that,

(01:22:32):
if your gas hot water breaks down, you've got to
replace it with an electric one. If you're gas stove
to breakdown, you have to replace it with an electric one.
Barbecues have always been sacrosint but now we learn today
that within the regulations where this new bill comes in,
if you have your barbecue connected to the gas mains,
like a lot of people, do you know, you're not

(01:22:52):
going down to the petrol station to get a swap
and go gas boddle. If you're connected to the mains
and something happens you're barbecue, you wears out, as barbecues do,
and you've got to change it over. You're no longer
going to be able to reconnect to mains gas. You'll
have to make your barbecue electric. I refuse good cook
on an electric barbecue. They don't work. You cannot cook

(01:23:14):
a decent state on an electric barbecue. Don't tell me
you can. All those stupid things you have in parks
around the world where you put in a coin, they're
all electric. Can you cook decent day electric barbecue? I
defy anyone to say they can't.

Speaker 2 (01:23:27):
Exactly, And just said to Ellen would surely know that,
wouldn't she, or wouldn't she have the slightest idea?

Speaker 10 (01:23:32):
She'd have no idea. I mean, I wouldn't imagine she'd
be a barbecue type of lady, to be honest.

Speaker 2 (01:23:38):
Now go mate, we'll see Wednesday. Appreciate Steve Price out
of Australia. By the way, just in Auckland Airport says
it will discount Haven't guests. Given you the ComCom report,
it will discount its prices for the airline passenger charges.
Full details in a moment eight forty five.

Speaker 1 (01:23:52):
The Mike Asking Breakfast Full Show podcast on iHeartRadio powered
by News Talks.

Speaker 2 (01:23:57):
That be right. The airport have responded, not literally to
this final report from the Commerce Comission. They did as
they point out, say we would have a look at
this when the interim report came out a while back,
so the head of the airport. So they respect the
regulators findings. It will discount its prices for airline passenger
charges over the next couple of financial years. Will discount
per passenger airline charges on an average basis of about

(01:24:20):
a buck ten for regional travel up to nine dollars
and dollars seventy for domestic jet travel to twelve eighty
and four eighty for the international travel down to thirty
eight dollars ninety So that will represent a target a
return of seven point eighty two, which is down from
the eight point seventy three the Commerce Commission said was
too high. The airport keptully balances. How we set charges

(01:24:42):
with the need to invest in the future resilience capacity
requirements in New Zealand's Gateway Airport and one of the
country's most critical infrastructure assets. To support this, investors require
fair returns and stable regulation. Blah blah blats this news argument.
So at least they've responded in the affirmative. Tamoth the
Paul meantime, at a very good weekend, tamotha Paul was
she shared a video of her dejaying. She was at

(01:25:03):
the Cuba dooper over the weekend. She played a little
little little compilation of her set of the Bronx MC
Chris One. Chris One song Sound of Dah Police. Sound
of Dah Police song criticizes police brutality and systemic racism.
So she's really not picked up much on the messaging

(01:25:24):
that was headed her way after her outburst last week.
Doesn't seem to have got the message. Or maybe she's
got the message and she, as they say these days,
doubles down unreal vibes at Kuba Duba. I love you
Wally Shot for making my dreams come true. Anyway, Chloe
saw that. Of course she flicked a little salute emoji
along the way, so she didn't daylight. I don't know

(01:25:47):
if I was, Chris. The problem is not the greens.
The problem is the is labor and what they do
with the greens. It's all very well being crazy and
nutty and weird and unusual, but when you're a mainstreamish party,
you've got a sort of coalesce with something like that
and that, and that's your problem. What about my dental checkup? Mike,
thirteen minutes two dollars two hundred and sixty eight bucks.

(01:26:07):
I don't know what you're doing at the dentist for
thirteen minutes for two ndred sixty eight bucks. Two hundred
and sixty eight bucks for a whole checkup within hygienist
for forty five minutes, including a visit by the dentist
to just oversee it is in my experience about normal.
Thirteen minutes seems a little on the steep side. Nine
away from nine.

Speaker 1 (01:26:26):
The Mic Hosking Breakfast with the Range Rover Villa News
Togs head b I can know.

Speaker 2 (01:26:31):
Who wants you Fox. Over the weekend, I saw Brett
Bear interviewing Elon Musk. Listen to the question in its simplicity,
and then listen to the pause.

Speaker 15 (01:26:39):
Finally, what's the biggest thing for you that keeps you
up at night?

Speaker 25 (01:26:54):
Well, there's a lot of things I suppose that I'll
worry about, but.

Speaker 2 (01:26:56):
Unreally what he went both tail is people are not
having enough babies and we're killing the population all over
the world. Anyway, he did talk eventually about America being
the central column of Western civilization and that collapses. It's
all finished. Listen to this, and I.

Speaker 25 (01:27:12):
Mean I worry generally about the strength of America.

Speaker 6 (01:27:15):
You know, America is the.

Speaker 25 (01:27:16):
Central column that holds up holds up all the Western civilization.
So I feel like we've got the example of Western civilization.
America is a central column. If that column fails, it's
all over. You can't run off to New Zealand or
some other place. It's over.

Speaker 1 (01:27:33):
Trending now with Chemist ware House, the home of big
brand vitamins.

Speaker 2 (01:27:38):
Well name check from Elon muscow knows where New Zealand is.
Morgan wallinsback, this is the best news of the morning.
He is on snl over the weekend. He's got the
upcoming album I'm the Problem, which is out May sixteen.
Couple of songs. First one is called well I'm the problem.

Speaker 18 (01:27:52):
You see Jay, just to go around to house and gasoline,
just trying to bomb flame, going to fire.

Speaker 6 (01:28:00):
A whole place down.

Speaker 9 (01:28:03):
How did you explain ever following me in.

Speaker 13 (01:28:06):
Love with a guy like me in the first please
trying to browse say that I'm the worst thing.

Speaker 2 (01:28:12):
I guess sign the.

Speaker 20 (01:28:13):
Pride and Joys Day ever doing it all wrong?

Speaker 1 (01:28:17):
You find? So that's okay, but you.

Speaker 2 (01:28:20):
Still want the bigger Morgan wall than than the nine.
What about this? When you played another one called just
in case, I ain't saying that I always sleep.

Speaker 19 (01:28:28):
I ain't saying that I ain't man.

Speaker 7 (01:28:30):
No one is done.

Speaker 10 (01:28:32):
Let him be you reckon.

Speaker 14 (01:28:33):
We could hook him up with an E N T
and just sort out that thing that he's got going on.

Speaker 20 (01:28:39):
I don't know name a real clue.

Speaker 2 (01:28:44):
And he's a nice guy too. Wensy bookdom the show
sending Wendy booked Daisy booked.

Speaker 14 (01:28:49):
You think if he does come on saying that we
could just get him to give his nose a big blow,
give me a box of tissues before he comes in.

Speaker 2 (01:28:55):
And when he was last time, he was lovely guy,
delightful bloke. We've got good news too. From the album,
there are thirty seven songs which seem to be a
thing that's so typical. It was because the last one
had thirty something, didn't They had thirty four of this.

Speaker 14 (01:29:07):
This is your classic Spotify strategy is to just fill.

Speaker 2 (01:29:11):
Ittle bar tracks bombard anyway, he's been away for a
while and last time I heard, he's got the song going.
You know, he might have a few personal issues and
stuff like that, and before you know it, you've written
a song call on the problem. But well, you can
touch on life the creative expression. What can you touch on?

Speaker 14 (01:29:31):
But you shoul probably should just shouldn't go on roofs
of buildings. Maybe when you're under the influence.

Speaker 2 (01:29:35):
Oh could be that, it could be it could be
a tip for life. Clean good stuff. Back tomorrow morning.
There's always Happy Days.

Speaker 1 (01:29:43):
For more from the Mic Asking Breakfast, listen live to
news talks. It'd be from six am weekdays, or follow
the podcast on iHeartRadio.

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