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No fluff, just facts and fierce debate. The Mike Hosking Breakfast with Arvita Retirement Communities. Life your way, News Talkshead B. Welcome today, it is report Wednesday. We got one into territory, one into the school lunches. We got good news on the economy, turns out we can pay our bills after all. Paul Froggett was your big Michelin winner last night. He's livers. Mark and Jenny politics Wednesday after right, Richard Arnold Murray holds their dishups and good stuff as well. Hosking! No 7, past 6, hey, guess what yesterday? Yesterday, the Lincoln Lions Construction Consortium handed over ownership of the CRL to Auckland Transport and Kiwi Rail. Next stop in theory is an opening day. We don't know which day, other than it will be a Sunday. Now, I can't tell you how many detours I have taken in the early hours of the morning because of the building of this CRL, but it is nowhere near as inconvenient as having your businesses wrecked because of the detours that kept customers away from Lord Knows how many businesses that have gone under. It has been such a long, winded and wearying experience I am left with the feeling of hope. I hope this works. The intrusion on so many people's lives has me basically feeling that unless we can do things a lot better as regards infrastructure, we probably shouldn't bother. Building a stadium, as in Christchurch, doable. As the reports have shown, under budget, on time, beautiful. We can sort of do roads at State Highway 1 extension north of Auckland that I use every Friday is literally a game changer and literally brings me joy each and every week still. Its size, its speed, its quality is genuinely world-class. It has literally improved our lives. But the CRL seems to have been a bridge too far. Going underground appears beyond us. I mean, we got there. I assume. I mean, I assume it's going to open and trains will run. But at what price? I personally have never been on a train in Auckland. I doubt I ever will. So for train users, what is a loop, which is all it is, actually change. Do more travellers use it, does a car get left at home. The most misunderstood bit of the service is when they say, and they do it often reporters, they say things like it can move 19,000 people an hour. None of that matters. Unless there are 19,000 people wanting to be moved. What it can do and what it does, only matters if they're aligned. As far as I can see, it connects bits of downtown Auckland. I'm not sure that's a puzzle. Thousands have been crying out to be sold. Let's just say I hope I'm wrong. I hope this is a revelation and a revolution. I hope people use this thing in world record amounts because it's billions over budget and years over due. So it starts life with a gargantuan debt to us all. It's got a lot of making up to do. Unlike a stadium or a highway, I have zero excitement. It's been too big, too slow, too draining. It needs to prove me wrong. News of the world in 90 seconds. Notice having a big week and not a lot of it's going trunced as well, including today's call on birthright. They are born in the United States and subject to the jurisdiction thereof. Under the Constitution, they are citizens at birth. I will work you through their calls on transgender athletes and campaign financing shortly. Meantime and Venezuela, we have the call from doctors you so often get in countries like these. No hospital minister, it's prepared for the day by day. With this catastrophe, wars because we don't have enough medicin, medicines, equipment, personal. The inter-britten were the long awaited defense spending reach it has been announced. Are the news secretary? We will reach 3% in the next parliament, with funding set out at the next spending review in which defense will be the number one priority. The bloke who quit because they weren't spending enough. War needs to be done in the months ahead beyond the dip to develop a clear credible funding plan that will hit 3% and that will meet our NATO commitment to 3.5% by 2035. End of the Tories. If 2.68% by 2030 was a resigning matter for the previous defence secretary, why is it good enough for him? Not a bad question and yet another report into why stuff in Britain doesn't work this time. It's a maternity care, it's scathing, some call it a watershed moment, not all agree. Just as I was not listening to you well, Beatrice was dying. I've not been listening to you again. Hundreds of families like mine, we've not been listening to you again. We've been completely dismissed in our concerns. Finally, they found them. Republican Congressman Tom King hasn't been seen in Washington for 4 months. He's been missing over 100 votes. Good news though, today's back. Tens out he was diagnosed with severe depression. So they stuck him in hospital. The US News of the world and brighter days in 1990 are speaking good news. I mean, the ships are flying commutual traffic through the strait remains steady. They're words not mine. Whit cough and Kushner are in though hard. They will meet the guitarry mediators. Trump said yesterday they'll meet Iranians. There are no Iranians there to meet. So I don't know what that means, but the oil is still down and the oil still flying. So I suppose that's good. 12 past 6. Olen Shannon Maldonado. The defence secretary of the defence secretary, Jaui Lahia Kaupan Perusta. The US news of the world and the US news of the world and brighter days in 1990 are speaking good news. I was also in the US news of the world and brighter days in 1990. All of the news of the world and brighter days in 1990 are speaking good news. I'm just breaking this morning. Big sports news, LeBron's office leaving the Lakers going to enter free agency are not retiring 41 years old. Hot rumour this morning is returning to Cleveland, been there before one last go. Be into his 24th season. Been at the Lakers for eight years, mostly a mixed bag. So he's over it and he's off 15 past 6. From sure and partner, Sandra Callagher and Morning. There you go, Morning. Hey, how about these numbers? We're back, baby. We're back. Well, we're in for the second half of the year too. Offshore markets, they're sort of closing out the quarter. Hey, looks like we're going to have the best quarter for US share markets in six years. And I saw a note this morning, Mike, that's calculated there's been eight trillion US dollars added to the value of the S&P 500. So globally, it's placed to be. Let's mark the start of the second half of the year, though, by talking about the ANZ business outlook. Now, Mike, I want you to cast your mind back to the beginning of this year, you know, the first quarter. Do you remember the data was looking good? Yeah. The momentum seemed to be sort of building. We could be back there again. We could be there because certainly some data series is starting to move in the right direction. Headline business confidence jumps 27 points to plus 37 expected own activity. Also lifted 11 points. There's a telling statistic here, though, in their reported past activity, the real stuff. That fell from 14.8 to 9.0. So the animal spirits have stirred, even though actual activity hasn't responded yet. But expectations are now very much improved and to really fill the cups of the habitually positive glass hour full crowd. The inflation indicators were softer as well. As were cost and pricing indications coming down, there was even a lift in the residential construction index. That went from 11.8 to 25. Now, a couple of important details here. Most of the survey responses came in before the sharp fall in oil prices. So people were anticipating the fall optimism was improving ahead of that. A couple of interesting sort of tick bits of information there as well. Large firms seem to be having an easier time over the past year than small medium businesses. They got higher reported activity from the larger businesses. And there was also some reported inbound freight disruption across a couple, across a sort of a range of sectors. Now, that's not good. It's not as bad as the COVID disruptions, but it was an unwelcome, particularly for New Zealand, fall out of the Middle East conflict. Mike, final comment. I think the lift inactivity indicators ahead of the sharp fall in oil prices is a strong suggestion. We've got the ability to rebound quickly. We just need the price of petrol at the pump to be lower. We're on our way. China, they're back. Issh, sort of. Yeah, backish, encouraging. I said, for Mike, I try and keep everyone updated on the important data out of China. Last week, we talked about global PMIs, purchasing manager indexes, the important barometer of economic, you know, fortunes and various economies. Yesterday, China released their official PMIs for June. Now, the official manufacturing PMI edged up to 50.3 in June from 50.0. So it shifted into expansion remote. Yes, just, but it was number was above expectations. Non-manufacturing PMI also lifted to 50.2, marginally higher than may. The constant index was at 50.6. If you delve into the details, Mike, there's evidential support. There's strong demand there for the Chinese exports, but you've got continued, subdued, domestic demand. So you've got sort of got this two-speed economy, exports good versus weak domestic demand. The mix is interesting, Mike. There's real presence in there now of the high end manufacturing in China. It's not low value stuff anymore. It's high value stuff. Mike, yesterday I attended a summit, a Ren Mimbi summit. It was held by the local New Zealand branch of the Bank of China. And those themes that were evident in the PMI, they were discussed in depth. So there was a high range of important people there from China, from the sea, from the consulate general. That sort of this real emphasis on the increasing global usage of Ren Mimbi, more penetration into global capital markets This is a real trend to watch there. Very strong to watch. commitment to New Zealand was having that there was even an announcement yesterday, Mike, that the Bank of China and NZX, which is the smarts, the funds management are, they're launching at some point a couple of products on the NZX that allow New Zealanders to invest directly into China companies by way of a New Zealand ETF. It's quite exciting. I'll keep you posted for when those things come to market. Please do real quick. Those numbers in the state's overnight, so the Joltz look alright to me and the consumer confidence looks okay as well. Yeah, yeah, confidence down a little bit. Was it down? I thought it was up. I read it as up. Oh gosh, now here we go. Am I in the right hand? Okay. Okay, 91, too. Did you? I mean, well, that's not how I get that. I can tell you that the Jolts was like there were more job openings. So that's a 7.6. Kind of makes, but actually it's still proving both of those numbers together are proving that the US economy is resilient, Mike. Looks pretty good. That's exactly what we want. What are the numbers? Okay, looks all good. All good on this front. Everything is up here. The Dow Jones is up just over 1/4 of 141.52,324. The S&P 500 up 54 points, 3/4 of a percent, 7494. The NASDAQ up 368.1.43% 26,188. So what's 100? Small gain, 10,497, the NICA up 0.86% over 70,000. 1/4 of a $1,000 slightly stronger this morning, 0.567 against the US, 0.805 against the Aussie, 0.4971 Euro, 0.428 to against the pound, 92.28 Japanese yen gold, just holding above the 4,000 mark, 4,031, Brent Crude, Nutcom and Down, Nutgoing Up, Steadier She Goes, $72.94. Yeah, but good one, Mike Andrew Keller, who's sure and part. So this whole war related the world is changing and war, Euro, Vierament, 4th quarter earnings, massive beat, funding backlog of 1.2 billion, up substantially, autonomous systems revenue, 492 million, what am I talking about? Rockets, no, drones, drones, they're in the Simevalian, California. The fundamentals of warfare have changed and they're on top of it, so they're doing nicely at the moment. Thank you, 621. Here at News Talk, CDV. The Mike Horsking Breakfast, full show podcast on I Heart Radio, powered by News Talks at B. Mike Golden State Warriors emerging as the top chance for LeBron. It would mean you join Jamie Uregan, the same thing I am. You need cap space, but cap space to afford somebody like LeBron and Golden State have got it. So he would join as you point out, Steph Curry, Draymond, Green, potentially Anthony Davis out of the Warriors from the Wizards. The calves would be the homecoming in a grand tour. What my thinking is, I think he's too in Wisconsin LA in California generally likes his Maybach and his house in the bird streets in his view of the canyon and he's not moving to Cleveland. 625. Trending now with Chemist Warehouse, your one-stop shop this winter. Now, this is Time Out Worldwide. They've got their list of top 19 cities, beautiful cities in the world. Don't ask me why it's 19. Coming in at number 19 is Brazillia. 18, it's not going to run to all 19 of them, but Vienna comes in at 18. It's also named the most livable city of 2024, so that's Vienna. Bath, one of the few cities in the UK to make the cap. Having been to the UK, I'm not surprised I didn't make the cap. Although, interestingly, we actually get to number two. Rios in the Florence comes in at 14 Cambridge at 13. What to look at calls the UK's mini Venice. Is that right? What's damp? San Diego, their airport has even been voted as one of the most beautiful vegan beer in at 11. Riga, and Latvia, that's known for cheap stagdews and budget beer. So that's Riga, that's why Riga's 10. Medailleen. Number nine, now this is interesting, that's ranked the top place people often around easy to visit. That's the, unless you're into drug cartel tourism. If you're into drug cartel tourism, it's a place to be Stockholm. The Venice of the North. Paris is six, Lisbon is five, Chicago's four. Sydney is three. Number two. Edinburgh. Edinburgh. And I've been to Edinburgh in the last month, and I can, I mean, it looks the same today as it did a hundred years ago, as far as I can work out, but the most beautiful city in the world, honestly, I mean, there's nothing wrong with it. It's not you don't get a Edinburgh and stand there and go, go on this ugly. But it's not like, oh my god, I'm in the second most beautiful city in the world. Anyway, they've got it at number two. Number one, the world Cape Town. White sand beaches, vineyards, top spot. Not so good at years in bad way, or Malawi. No, you're heading out of town. You've had all the Cape Town and J.B. You can get your hands on so you're heading north to get the hell out. But apart from that. Amazing how many vennices are on there, given that vennices are on there. Yeah, exactly. Dear, the Michelin stars, I've got to get into that, and the big winner from last night's with us after 7.30. Asking the questions, others won't. The Mike Hosking breakfast with Defender Trophy, Epic Adventure, Greater Purpose, Youth Talks, and V. Mike Rigg is a wonderful city, much more than just stagged and drinking that said my legs weekend was amazing. Mike Cape Town, what a lot of crap, the most dangerous place to be ever visited, nearly got kidnapped and murdered. But surely that's part of the fun, isn't it? I mean, that gives a little bit of peace to the day. It's certainly more exciting than looking for your local unit clothes. The Scotus, big, big, big decisions, the birthright ones, the killer for Trump, so Richard Arnold and that shortly Ming-Tom at 23 minutes away from 7.00. I have more good news on the New Zealand Inc. story. The money we owe is getting better and better. In other words, there's less and less of it. Consumer areas down to 10.9% lowest level in four years. Mortgage areas down to 1.27% lowest since September of 23. Overall credit demands down, so there could be a story there. Monica Lacey is the Centrics Chief Operating Officer, and is with us Monica, good morning. Good morning. So this is Q1. Is this a little bit of pre-war in here? Look, I think the overall story is that in New Zealand credit conditions continue to improve, which I think is fantastic. So the story tells about the good sector consumer areas are at a 4-year-low business. Liquidations are still elevated, but credit defaults on the business side down to 10-10% year-on-year. Which tells us that businesses are not struggling as much to meet the payment obligations. Overall, good story. Do you see a disconnect between what you've just told me and what is in this, versus the misery in the community at the so-called cost of living crisis and everyone's down in the duct? How is it business feel better than the people who give them the money presumably through spending? I think that's what we're saying through credit demand. So consumers are being a little bit more cautious, the discretionary type credit products are less popular at the moment. So people are being a little bit careful, which is probably a good thing. And I guess the confidence also throw, petrol prices are lower, etc. So we don't hope that that flies through and businesses start feeling that benefit as well. That was my pre-war question. So once you get Q2 and what we're going through right now, you would expect these numbers to improve even further, wouldn't you? Your types are yes. Okay. As far as the 90 days passed you, 89,000 people 90 days passed you, that's comparatively speaking in a population of 5 minutes. That's next to no one. Very, very, very few people have problems. Is that fair to say? Yeah, it is a very wide number and it's been relatively stable for a long period of time. In fact, it has been decreasing over the years as well. It is a little bit, yeah, when you get to that stage, it can be a little bit harder to get out of that position and often it's associated with a lot of them that might have occurred, someone might have lost a job or got sick. The key message there is, you know, if you are having difficulty as a business or as an individual to meet your payment obligations, to really talk to your credit providers as early as possible rather than bearing a head in the sense because they do have teams. Insumption, insumption out of 10, 10, you couldn't be more bullish one, you're depressed as, where are you sitting this morning? I think we probably had a seven, I think the data is telling us that things are not as bad as to have people feeling out there which is what we should be looking at. We should be looking at the data indicators and I think there are other data points out there that are suggesting the same thing. Good on you. Hey, listen, I know you're in Australia. I know you're in Australia and I know it's 4.30 in the morning. What are you doing now? Jeze, what are we going for? Jog round the heart, what are we out and about? I'll probably just carry on some work, you know how it goes. Nice to talk to you, go well and appreciate it too, Monica Lacey, our Centrics Chief Operating Officer out of Australia for us this morning. And this is why Labour's going to lose the election because the data is now telling us, I'll tell you specifically later on what I mean. But Labour's in a funk, Labour's in a misery bubble and they can't see beyond their misery bubble even as the evidence presents more and more clearly that this country's on the move. 19/2 The Mike Hossking Breakfast Full Show Podcast on IHR Radio, powered by NewsTalkCB. Got some good advice if you're looking for the smartest way to boost your home's value in the market at the moment then we've got the You Do It Kitchen. story. So this year they're celebrating 50 years which is fantastic. So they've helped Kiwi homeowners create basically superior quality kitchens at incredibly affordable prices. No one can match you do its offer of quality customisation and fast delivery. So here's how it works. You got your easy tools and those tools that you customise cabinet sizes right? No extra cost for that. You can choose from over 35 colour options. Once you've locked in that design, are the you do at team then precision manufacturer the kitchen right here in the country, which is the bit we love. And here's the other thing they do at 97 days. Everything's dispatched to your doors within a week. You don't need to be DIY pro either. Simplies easy. Local DIY experts they're just an email away. They'll help you every step of the way. So when the old housing market a bit flat, these strategic improvements are your best investments. Are you getting the exact kitchen you want? You're adding real value to your home. You're saving thousands in the process. That's why they've been a business for 50 years. It's a good combination. You do it. You do the UIT. They're customers proud to say I did it myself. Paul Sking. So here's the thing. This is one I'm meaning about hipkins. He's got to give himself an uppercut or someone's got to get to him. So the Michelin Star thing yesterday was globally significant. The Michelin Club is a major international thing in culinary circles for New Zealand's best to join that club is a serious upgrade on how we perceive ourselves, how the world perceives us in terms of culinary tourism. It was a big deal day. And yet in the house, here's hipkins. How does sending $6.3 million of tax payouts money to a French tyre company help the cafes and takeaway shops that are going under and record numbers under his government's leadership? International correspondents with NZI insurance, peace of mind for New Zealand business. He's in a misery bubble. He can't get out of his own way. He wouldn't know how to celebrate something if it came up and bit him in the bum. Richard Arnold, good morning. Good morning, Mike. Very big day at Sky. It's been a big week at Sky to so far. It has. Of course, they're ending their term. So we have today a couple of long-awaited rulings on issues that Trump has pushed its resulted in. One loss for Trump and a partial win. The Trump win was over allowing states to prevent trans athletes from participating in girls sports. The court was looking at a couple of state laws, one in Iowa, one in West Virginia. Well, this has become a theme in some political campaigns. The number of Americans who identify as trans is a bit over 1% with those who participate in competitive sports, well, obviously far, far fewer. At Trump has responded to the court ruling by posting this comment, quote, "wow, that takes a ridiculous situation off the table." The other court ruling today affects huge numbers of people. The court has upheld a 158-year-old constitutional amendment, the 14th Amendment, which says that almost all people born on US soil are American citizens. New Zealand, of course, does not have this automatic citizenship by birth in New Zealand, given only if at least one parent is a New Zealand citizen or permanent resident or an Aussie. The US situation is different because the history is different. It was introduced out of the Civil War because of the need to give civil rights to newly freed African Americans and to overturn the notorious Dred Scott court ruling of 1857, which denied citizenship for black. So 35 countries have this, including Canada and Mexico, most do not. Trump argued that the birthright citizenship is a disgrace. Well, he lost in the Supreme Court now, six to three, the vote, and Republicans speak of Mike Johnson back the Trump call for its abolition, saying after the ruling. It's become a tourism, birthing tourism, they call it, you know, a trend where people will just come and you just come onto the soil and have your child and then they're able to avail themselves of the welfare state and everything else. It's been abused. Well, Cecilia Wang of the ACLU, who helped to argue the anti-Trump case in court, says so called birth tourism is a minuscule portion, a fraction of 1% of all births in the United States. So tiny numbers, she says. President Trump was attacking this fundamental notion, hard one through a civil war, through the efforts of free black Americans, to win equal citizenship rights for everyone born on American soil. So Trump now says he will seek to end birthright citizenship through the Congress, well, when it comes to contentious issues, you know, they agree on zip nothing. Meantime, that birthright citizenship, the Trump has slammed as a disgrace. He Trump benefited directly from it. His father Fred was born in New York in 1905, to parents who had immigrated to the US from Germany. Under the birthright provision, Fred Trump automatically got US citizenship, which allowed him to launch his real estate business and to give a massive start of fun to one Donald J. Trump now in the White House. All right, where are we at with Venezuela? Oh, well, yeah, similar horror story. The UN saying it's "procured 10,000 body bags in the wake of the twin earthquakes there." Everyone is saying the current category number probably have vast undercount the death toll from 7.5 and 72 quakes as risen to 1719 more than 5,000 people are known injured, some 15,800 people displaced. However, most of the collapsed buildings are yet to be excavated and at the epicenter of the tragedy in the coast town of LaWira. The number of damaged buildings is 855. US military has been sitting in planes and choppers and personnel to help some 27 countries have responded. More than 2,000 rescuers involved. We know there are only a few hours where they can realistically try to help and save lives. Still, there have been some remarkable rescues in the latest a 21-year-old man, Aaron Cantillo was pulled from the debris after a rescue effort that lasted for 43 hours in another. A young mother named Diana kept her 18-day old son one day with a life of 30 hours under the rubble rescue has got water to this infant through a straw that they pushed down into a broken pipe says the mother. The one who kept her alive, she says, with her son, she adds, "I kept saying as long as he is alive, I will be alive." They were in their eighth floor apartment when the tremors hit, then she was on the ground with her newborn on her chest. So, birth and rebirth. Good on you might see on Friday, Richard Arnold states, "The other things got us to today, they struck down limits on the amount the political parties can spend in coordination with candidates for office. The Republicans, of course, argued the restrictions violated the First Amendment. It was a 6-3 ruling, overturned, coordinated, expended to limits, big win for the Republicans, basically means money play, or continue to play, or will play, an even greater part in politics." 10-7. The Microskin Breakfast with Bailey's Real Estate News Talks Deadly Only might you stave and to make the presumption that labor voters use facts to make voting decisions, they vote on personality, sugar hits and what's in it for me. How many chippy voters are listening to the economic data to make informed decisions on their opportunity? They don't, they want free money, it's a lost cause, Mike. I wish you'd have hipkins on a bit more. So, you can pull them apart, selection year. So, he needs to be asked the hard questions we will eventually. My wife Susie's got the look of a perpetual loser, which I think sort of, it's got to put, speaking of labor, did Boonham make a difference now? Pull out the smoling you, Gav. There's supports up too, but that's within the margin of error. So, they sit on 20. So, it's hardly the revelation of the revolution. Ferrache still sits on 24, 25, he's down to point the Tories on 20, the Greens down to couple the Lib Dems down one. So, to this point anyway, Boonham seems to have made zero difference. Maybe that moved North to Manchester, we'll turn the tide from 6 away from 7. All the ends and the outs, it's the best with business fibre. Take your business productivity to the next level. Right, good red meat news. May another record. This meat story is unbelievable. We focus probably too much on dairy, not that dairy isn't a great story, but the meat story is incredible. So, may another record, second consecutive month of record meat exports, 1.6 billion worth just for the month. 44% higher than last year. You got your volume and value. The really important part of it is, because I could get you into the weeds, but I won't bore you, the really important part is the value side of the equation. So, in other words, even if we're selling less, which in some markets we are, we're selling for so much more in terms of value it makes up the difference in the end sum. The previous record, by the way, was 1.4 billion, so we've gone from 1.4 to 1.62 records there. So, B, 771 million, which is up 163 million from April, up 51% from last May. Sheep, 590, that was up 33% compared with May last year. Slower starts the year and that's the ongoing business of processing. There's a processing issue in this country and I'm not sure A, Y, and B, what to do about it because we're being held back. That's a handbrake that. Anyway, things have picked up since then. Q1, we produced 18,000 tonnes less beef, 10,000 less sheep meat, but then in April of May, we produced 26,000 more of beef and 11,000 more of sheep meat. China, we're off to the races. So, that's good, highest level in years, so they're buying and big. We all know the American story, the American story is just ridiculous. They cannot get enough of it and they're not solving their cattle problems and the drought is still real and the screw worms in Texas and the whole thing is a calamity smash and so we're just loving every minute. The golf exports are recovering post-the-war as well. So, there's your beef, there's your sheep. Wool looks good. You're awful. I hang on. I had the awful notice. I was just thinking, what about awful? Yeah, fifth quarter. Edible awful, up 52%. Is any awful really edible? Castings and tripe, up 26%, pre-prepared and preserved meat, up 66%. I mean, honestly, there's nothing on an animal. We're not slicing, dicing and selling for a small fort. You're not feeling a little bit crazy about it now. Our treasuried, by the way, apparently it's not the place to work. There's bit stuck in the 90s and the ministers don't have a lot of faith in them. So that's the report out yesterday. So the head of treasurer, he needed that like a hole in the head so he's with us shortly. David Seymour, who was never a fan of school lunches, anyway, got another report and said to school lunches a crap. So he's probably not overly thrilled. Mind you, I think he's going to tell us that things were on the improve. Or he might tell us, you know what, if you don't like school lunches, go get stuff and some else can do it. He might say that. He might not. You never know. And then Paul Froggard, who knows a bit about food, he'd make a good school lunch, two Michelin stasies with us after 730. Meantime news is next. The Mike Husking Breakfast, full show podcast on iHeart Radio, powered by News Talks at B. Here yourself, think it's the Mike Husking Breakfast with Bayley's real estate, your local experts with national and global reach, News Talks at B. 27 past 7 big day for reports will get to the school lunches shortly. But first treasurer department's ability to deliver economic policy advice as week cabinet ministers are losing major trustee and Rene is the chief executive and secretary to the treasury. And as well this morning. Morning Mike. You see this coming? Yeah, I commissioned the report Mike. No, I mean the result, not the report. I absolutely. I mean, what motivated me to come back to the end of 2024 was that I could see from the outside that the organisation had been through some puck years. And the country needs strong treasurer and report highlights. And my leadership team that was built over the last 12 months, a lot of those people came back to treasurer because they could see a new direction and they care about the organisation. So no, there weren't a lot of surprises in what the report said. The key thing for us is to get on and get the work done. In a year's time will it be completely different? No, not in a year. It will be significantly different. And I think the report is highlights the need for us to continue to work at pace. But to extend to the treasury a few years to get to where it did at the end of 2024, it will take some years to get to what will need to be a highly performing organisation. Are you, will you stuck in the 80s and 90s? Look, I think the report goes through some of the things that the organisation went through. I mean, I think reality is the policy challenges of the 2020s and 2030s are different from the 80s and 90s and we need to bring different skills and different thinking to those challenges. Do you have recruitment problems because it's not a good place to work? I think we're beginning to, I think we went through some issues. We've lost, for example, we had 30% turn over in 2022 off the back of COVID. I think we're now seeing through our recruitment strong interest in coming into the organisation. We need to build on that because as it report says, we need to build some of our core skill sets, particularly in economic policy and commercial areas. How much of this is about politics versus pure numbers? In other words, you're pushing towards the government, the government's pushing back towards you. Look, I think the big picture is these are challenging economic times for governments everywhere. Governments are trying to make hard choices to do that the best they can. They need really good advice. So that is up to the ante on organisations like us and it's reality and we're up for that challenge. I think about people like you and Brian Rochen, particularly. Is this enjoyable? Do you get a fizz out of doing what you're doing when you get reports like this? Oh yeah, I mean, I think as I said, this report wasn't used to me but I'm a passionate New Zealander. I've got 15-year-olds son. I want him to thrive in New Zealander helping governments of whatever stripe make good choices in the next few years is incredibly motivating. It's incredibly motivating for most of my staff. Good stuff. All right. I wish you the best weather and rainy chief executive secretary to the treasurer. Ten minutes past seven. Pass key. Report number two, school lunches, the order to general all sorts of issues from nutrition to procurement to political bitching David Seymour's, the school lunches are and is with us morning. Good morning, Mo. How much politics in this, Eurekin? How much shard and Freud? Well, I just make one point about this report. It acknowledges that we've saved money. $360 million over three years that will not be going on the government debt that won't be being paid off by the same children that we're talking about this morning. But what they haven't done is a comparison of the quality before and after I took over. So they've been very critical in various ways and I'm happy to answer their criticisms. But they haven't evaluated the whole program and it appears that a lot of the initiation of the report and the feed into the report came from people that frankly had to be set after they were not able to manage the program when I came in and those who previously supplied the government, often at twice the current price. None of those people are very happy and they seem to have had a pretty good hearing from the order to general. Yeah, how much of that was early days? Because there were problems early days when you talk over and I think everybody accepts that. How much of that? Right, here we go. We've got a report, we've got problems. How much of it is reflected? In other words, could you argue now that things are a lot better if you did it again and be a different report? Yeah, so a couple of things. First of all, in term one, just a couple of weeks in it became clear that one of the subcontractors who owned a factory in Hamilton had overcooked what they were able to do and as a result they weren't supplying the meals needed. There was a lot of scrambling. We ended up buying pies and so on and that caused real problems. There was a pork head and a gisper who had his leg burnt by one of these pies because the staff weren't used to heating those up properly. It was a one day thing. So all of that happened and we got that factory working and now it's under control. That's issue one, issue two is that in any contract where you're trying to do 250,000 meals a day, there's going to be problems and you just keep managing it and as I just say, look for the other 75th percentive parents who have to give their own children lunches. There's always a trade off. There's cost which is there whether we like it or not, there's taste and then there's nutrition and one of the things we find they say, oh the nutrition's not there. Well, whenever they put more vegetables in the kids eat at least, whenever they give them better chicken, they all lamp it up but then we're not meeting the nutrition. I think the challenge for labourers, you know, this is saved hundreds of millions of dollars. They've already got 18 billion dollars of spending promises they can't cover. They actually have to come into the real world where governments are going to have to do these things as your previous interview showed. Yeah, exactly. How much of this, this bitching that they talk about between your office and the ministry, how much of that goes on on a daily basis on any given thing? In other words, there's a war between officers. Look at, in my experience, I've had great relationships with being able to do great things, we've had the time to consent new medicines, we've transformed the culture of farmac, we've got charter schools up and running, we've got the time for an overseas investment consent down dramatically. I mean, all of that stuff, we've actually been able to drive great change and that's just some examples of things I've been doing. On the other hand, with this school lunch issue, I was told that I couldn't be given advice because the staff at the Ministry of Education were crying. I got in the Secretary of Education and I said, "This can't be true. What's going on here?" And the Secretary said to me, "I remember it clear as day, will they very emotionally attach to the Program Minister?" So this was a particularly egregious example, but this is what we're dealing with and it's exactly the same with the Treasury, over several years, mainly Labour, but it has to be said also that the previous government before them are from national basically drove them to do all sorts of things, living standards, frameworks and trying to work out the value of having a friendship with your neighbour. The reason they get criticized by people like me now is that they can't tell us exactly what is being put purchased for a particular line item in the budget and that makes it very difficult to manage costs. Unreal, David Seymour, a greater role for school staff, adding work, making them work in ways they were not trained for, says the report, which is it was code for handing out a lunch. I mean, serious, 14 past, asking how do Michelin stars might benefit a restaurant apart from the honour? Good question, Liz, answer is go as an exercise to essence, try and book a table before Christmas. You will not be able to find one. That's your answer, 15 past. Mark and Ginny, after eight politics, Wednesday, 17 past, to the Kiwi Bank view of the World Economic Update, recovery's still there to be seen. They tell us Q-119 of 16 industries saw growth. Inflation should pick this quarter at 4.2. They want the R-B to hold next week. Jared Kerr is Kiwi Bank's Chief Economist and is with us. Jared Morning. Morning, Mike. It's only yesterday said on those business numbers that she expects a rise or a hike next week. Do you see a hike? You just don't want it or could you argue there is no need for a hike? I argue there's no need for a hike. We've seen oil prices drop back to where they were. prior to the war. It's been a supply shock which means it's been temporary, prices gone up, prices gone back down again. We can look through it, we can stop and let the economy recover. Can we also say some of the secondary inflationary stuff that we feared is not materialising or not? I think so. We've got quite a soft labour market. But there's always fear that there'd be some sort of wage price spiral on the back of these inflation prints. And it's just not happening and we're just not seeing it out there. Wages are still very soft, the economy's still recovering. There's no need to hyperase this yet. No, the business confidence numbers yesterday versus the consumer. If there is some sort of disconnect here, business seems to want to get on with it. Consumers seem to want to be miserable. Look, consumers have been doing it tough for a few years. Now the cost of living crisis has hurt. Many households, particularly the poorer. And the impact of the petrol spike has really hit consumers. Businesses are a little more optimistic, but they're not investing yet and they're not hiring a great deal. So we do also need to see businesses fire up a little bit too. You got a vibe on Q2, flat or backwards? GDP was. Slightly backwards. I think small contraction given the post-boment and projects that we've seen. But hopefully now that your prices drop back, we see that it's activity in the third quarter. And hopefully tourism comes to the risk in the fourth quarter. Fantastic. Good to talk to you as always. Jerry Kerr, who's the Keebee Bank Chief Economist. You see three percent GDP for year 2027. Let's hope he's right. 720. The Mike Hosking Breakfast Full Show Podcast on IHR Radio, powered by News Talk Zippy. Now, Kimmys We're House, you won't stop shop this winter, of course. Unstoppable saving sale is your chance to say big, big, big on everything you need to get through the colder months. So it's all about staying well and saving more this winter. So support immunity, right? Nature's way. Radiance, biogland vitamins, now up to 20% off. Whole families covered with the good health Varylx range, 20% off, starting from 1599. Cold and flu symptoms that they hit, dimmers and day and night can help only 1499. If you're looking to stock up and save score up to 40% off, the pro vitamin co-range and fuel you routine with that mousashi high protein plus creatine, just 5599. Upgrade the oral care, 40% off the high smile electric toothbrushes. Pick up the Colgate Blast Cordless Water Flosser, just 9999. A little bit of self care this winter. Shop the beauty favorites. We got the thin lusy, got the Dr. Lewins, got the lower-ish per se. All up to 30% off. Do it in store, do it online at Kimmys We're House. Click and collect to save time. Do the faster, the library's straight to the door T's and C's apply. But it all ends 22 July. So head into Kimmys We're House today and stop paying too much. Huskake, light S724. Labor, it is announced yesterday, will not move, will not have these move on orders. Labor will undo the social housing changes, which don't actually start anyway until next year. These are their latest policies. And it's these ideas and policies that will lead to their election loss. Social housing assistance is being adjusted so the money can be offset in the private sector. So those paying more can get a better deal. It's a perfectly logical policy. It is unfair for a person in social public housing to get a better deal than a person in social private housing. Unless the state provides every social house, which it doesn't, and never will, one person pays less because of their luck. Labor thinks that's good policy. They're wrong. The main problem with the current version of Labor is that they are not the Labor line to mark more or day, but long year and at King or Helen Clark middle Labor sensible Labor. Move on orders. Deal with people who cause trouble mainly downtown. It is not the homeless per se, as peddled by Labor in the compliant media. It is not some poor tragic soul quietly in a corner wondering what happened to their lives. It's the trouble maker. The violent threatening thug, the person who abuses you attacks you causes trouble and a scene often as a result of too many drugs. They frighten people. They kill businesses. They have no more rights in the rest of us. And yet it's those people, Labor support. Can't move them on because they deserve more rights than the rest of us. Now Labor are entitled to believe this and they're entitled to promote it as a reason for voting for them. Trouble is, this version of Labor is hopelessly out of touch with Middle New Zealand and Middle New Zealand wins and loses elections. Opposing the government for the sake of it is not mature or well thought through. Explain the logic of a person in a state house paying less just because it's a state house. It literally makes no sense. And yet because the government did it must be wrong. Explain to the business owner why the drugged out deadbeat blocking the shop door has more right to be there than the customer who can't get in. But that's Labor 2026 defenders of the indefensible and that is why they're going to lose. Passing. So the government might pay over 6 million to a Michelin organisation for one restaurant to be given the Michelin. Is that value for money? No. Well the problem with that is you're wrong and that's if you've been bothered to be awake before you texted me, you would have, they got 15 stars last night. 14 are one stars and one two star plus a large number of recommendations to go into the Michelin guide. Why, why, that's too many stories to click on. I can't be clicking on all that. Well I watched it last night and that will bring me this is an example of some of the feedback on the ceremony last night. Don't get me wrong on this. The Michelin things fantastic. I'm a mess of Michelin fan. And I was thrilled for the people who got the stars. I was slightly thrilled for the people who got the recommendations. Couple of things that come out of it. Did the people who got the recommendations? How many of them thought to themselves? I thought I was good for one star. Did the one stars go? How come he got two? I reckon I'm good for two. And then can you also ask the question, how short of three are we? Because three's where the re-election is but here's some of the feedback from the actual ceremony. Not to be a dick but watching the Michelin Awards in New Zealand. Why have an MC who can't pronounce keywords and names? It's painful to watch what a botched job of a night of celebration. And on that I could not agree more. I watched the entire thing online. What a debacle. What an embarrassment for this country and whoever organised it needs to be sect and to give somebody who paid for it. A mess of refund. But anyway, more on that shortly. Plus the bloke he got the two stars. He knows what he's doing and he's a winner. So he's with us after the news, which is next. Tarpon Power, Sharp on Insight, The Michawsking Breakfast. With Avida, Retirement Communities, Life Your Way, News Talks at V. Politics Wednesday, Mark will check on the injuries from the football over the weekend. Of course, Juni Anderson and plenty of polish and a talk about them there with politics Wednesday. 23 minutes away from eight right Michelin stars, Big Outing last night. Good number of restaurants got recommendations. 15 got stars, only one got two, which makes essence of Queenstown your big winner. Paul Frogett is the head chef at essence and is with us. Paul, good morning to you. Good morning. Well done. Congratulations. You must be thrilled. Thank you very much. It's truly a honor to achieve that accolade from last night. It's really a pleasure. Many people talked of, many shifts talked of of the Michelin journey of, you know, there was one guy there who talked about being 13 in a kitchen and dreamed of Michelin. Have you been on a personal Michelin journey? Is this a dream come true? Yes, this is a dream come true. Yeah, I started out very similar 13 years old. I watched this as a young kitchen and progressed through. Said to a sort of picture in a, in a guidebook way back when in England. And I was like, I want to cook food like that. And literally, I know that it would take me on a journey through Michelin star kitchen and to the two Michelin star kitchen. I should have I am today. Where have you been? Where have you been to get here? So I'm English. So I started in England. I worked in a one Michelin star was my first job. And then two Michelin stars I worked in France in a three Michelin star. And then in France, I flipped to coin. I moved to Singapore for five and a half years without any Michelin stars. And then took a job in Hong Kong after five and a half years in Singapore as a chef degree scene of a two Michelin star restaurant. And then I had a conversation with my wife, I read it in a one day and we were like, we need to do something for the family. And a little bit more family orientated to bring up the children and New Zealand came up. And a lovely place called Hukar Lodge came up and I took a row of hookah. Did 10 years of Hukar Lodge before moving down south and doing coming onto this adventure. Wow. So as an experienced Michelin star practitioner, did you feel you were two stars? No, we don't know that. We just cook and we just enjoy what we do. We don't know. There's no, yes, we cook nice food, but you know, it's, yeah, we don't know. If I'd asked you before the night and said there'll be 15 stars in a bunch of recommendations from your experience and feel of the New Zealand culinary scene, would that seem about right or not? Yeah, I think so. I think if we did really well last night, I think there was some really great restaurants that were recognised. And it's really good for the New Zealand food and hospitality scene to have this. So I think if we did really well. I think it's brilliant from the simple point of view that it's internationally recognised. It's indisputably internationally recognised. And therefore by joining it now, you are part of something special and that cannot be denied. So in other words, it's more than just another awards night, isn't it? Yes, it is. It is for the industry. It's huge. Like you said, it's international recognition. You know, a lot of chefs like myself and a lot of chefs New Zealand chefs go abroad to see. and to go and train in these kind of kitchens and now to have it on our shores is an incredible moment. Explain to me then the juxtaposition of a person like you or the 15 star winners versus the commentary that you hear so often in the media of the the hospital industry being a bust in it shambles and you can't get good people and the sandwiches are off. How can we have such a contrast between the brilliant and the hopeless? There's always a contrast with everything, no matter what, there's always the brilliant people and there's always not so brilliant people, but it's an industry that is a hard industry. I think it's suffered in the past few years and bringing this to the shores and New Zealand will certainly help it and I hope it will raise everyone's game from Ash Yes to the producers, to the service team, to everyone to be like, yeah, now we've got something really special here. How hard is I mean, so say you're a genius. How hard is it to fill the rest of the kitchen and to get the the the labour and the staff the whole because that's what Michelin is. It's not just about a bit of food, it's the whole experience, isn't it? How do you make the whole experience brilliant when so many others don't? It's, well, it's team, you know, it's not just one person. Yes, I'm the one that's still on stage last night, but it's the team, you know, it's the boys and girls behind the scenes. The front of half's team, you know, the dishwasher is it's all of these people that come together and believe in a in a dream and say yes, let's do something amazing. It's, it's theirs, you know, like I said last night, it's it's the team that's done it, it's the family that have done it, it's not just me. Yeah, I take it that it's it's like everywhere else in the world with Michelin, you've got to earn it again. It's this isn't yours forever. You got to keep earning it, yeah? Yes, correct. We're only as good as our last dinner. Yeah. We're only as good as the plate we served last night and today we do it all over again. How short of a three are you? I didn't even know I was going to get two, so I don't, you know, it's what happens in the future. Yeah, do you think we're capable? I'm lucky enough to have been in several three stars and it's it's a, and I'm sure you have two obviously. It's a, you know, don't you? You know it. It's something like nothing else. Are we capable of that? If we're capable of what we came out with last night, we're capable of anything. Fantastic. I tried to, and this is not me. I was trying to get in just as an exercise and I couldn't find anything now before Christmas. So that's what Michelin does for you. You literally can't get in. It's like a lot like Switch. On that, on that booking in generally, it's in the process, it's a light switch. It will literally just switch itself and just explode. That's all right. I wake up to, I've woken up to so many messages. Literally my phone is also exploded. It's just, it's just amazing. I'm thrilled to be, explain to a lot of it like me because you do it, you do what I would call a tasting menu. In other words, I turn up and I'm in your hands. Is, is that a big thing? And do you take a culinary risk in not offering people choice? Yes. There is, there is, we do offer, we offer, so we offer two menus. We offer the journey, which is the big tasting menu. And then we offer a taste of, which is a shorter menu of a choice of main course. You do put yourself in a certain box by not offering Alecar, but we specialise in what we do. You come for an experience with us. You come to go on a journey. You choose to spend three hours of your life with us. So we want to take you to a very special place. And we do that for our food. Do you do it? It's four, is it four fifty? Five fifty. Yeah. Do you justify that or it is one of what it is? I believe it's justified. It's a large chunk of money, but we use the best news in the produce that we can find. There's no doubt about that. So I think it's there. If you enjoy quality and you enjoy quality time and being entertained, there's a value in it. Fantastic. Good on you mate. Well done. Congratulations. Paul Frogger, from Easton's. Don't go to the website. You're not going to get an error. And that is Michelin. And that's the brilliant sob it. And four fifty is four hundred and fifty dollars ahead. And that's I don't know anywhere more expensive in New Zealand than that, but I did tell you about Gordon Ramsay's three stars in London at Gordon Ramsay High, which he does lunch, 1770 pounds, four thousand dollars for two for lunch. So when you compare it to that, essence is a bargain, isn't it? Seven forty five. The Mike Husking Breakfast full show podcast on iHard Radio powered by News Talks at B. Mike Wes essence a good question. Queenstowns, part of the Rocky hotel chain. What a good guy Paul speaks so well to. Now he does. He's a very, very likeable guy. In a small example of the small world, Serena Williams, who's playing tennis at the moment, Wimbledon, the last time I was in a Michelin star restaurant, I think it was the last time as a place called the Couse, which is at the Plas Rathony in Paris. And the Plas Rathony, if you ever want a fantastic hotel, it's a fantastic hotel. And it's a Michelin three star, the Couse restaurant. We made the mistake of not understanding what was going on. They had a theme going and the theme was saving the world from the ocean. And so everything on the menu was a festival. It was all in French and it's not our fault. We don't speak French and it's not their fault. They weren't interested in speaking English to us. So any I say was a little bit of that. But everything was a crustacean, which is not the end of the world because I'm quite a crustacean fan, but there were crustaceans you'd never heard of in parts of a fish you'd never seen before in a way that you after a very short period of time you thought, have we made a mistake? And the answer was yes we had. And that's before I ordered a glass of wine which came from Lotte-Cave. And I said, this is red wine. It shouldn't be served at four degrees and he went, no no no no dear. I thought I might whatever. Anyway, so they then presented us with the bill for 1200 euros for three people and so that was good times. Anyway, the point being at the next table was Serena Williams. So I thought and then I went down that whole track as that Serena was that the other Williams and I couldn't work out who it was. As her French. And well we had the main conversation was do we go over and interrupt her and tell her how much we love it. Then I saw do we just let her get on with her crustaceans. So we let her get on with her crustaceans. She's struggling to still be playing tennis at Wimbledon by the way. Yeah, that'll be the crustaceans. She got another thing going on in her life. Two minutes away from Mike. The Mike Hocking breakfast with Avida retirement communities news talks had been seven away from Adorcan councils decided they no longer going to write chicks for flood byouts. They spent 2.5 billion on the 2023 weather response that was 1200 homes as well as some infrastructure. Anyway, they want central government to start a flood insurance scheme. Andy Horner's Alification Insurance partner at Mintor Ellison Rudwats and as with this Andy Morning. This was always coming wasn't and there's more where that came from. There's going to be there's a massive to put it really bluntly I think shit fight coming as to who's who's writing checks how and when and why. Yes, it always was. It was only a matter of time before the money started to run out and we can't expect ratepayers and taxpayers to continue funding those who buy properties of subject to natural disaster risks. When does liability cut in or cut out though? What if I bought a house 20 years ago and I didn't know and you didn't know but you know the council maybe didn't know? Yeah, well it's not that easy for council just to say we're not going to write any more checks because there can be liable in some circumstances if they issue building consent for instance on a house that is subject to natural disaster risk and they don't put a section 73 notice on the title under the building act then they can be liable to whoever then invest money in building on that property and buying it and likewise if they if they construct drains and flood defense and so forth which alter the natural flow of water over the land so that it damages a property that wouldn't otherwise have been damaged they can be liable for that too. That's still going on though isn't it? I mean one of the great criticisms post 23 particularly in Auckland is there were still being properties built on areas you'd you'd second guess yourself on? Yeah that's absolutely right so they're still going to be liable in those circumstances and a change of approach means that they're going to have to start identifying where they're liable for specific properties and where they're not lots of work for lawyers in that. Guys are going to say can you contract yourself out of liability? Look you can but no one would really the way the council is contract out is they they put section 73 notices on titles and you've seen in some places like Omaha that's been quite contentious and landowners have brought judicial review proceedings to try and get those notices taken off their titles because it affects the land value. Where do you reckon ultimately this is going to sit is this a central government thing is an insurance industry thing or what or both or everything? I think it's going to be a movement to greater care about not building in areas that are subject to natural disaster risk because it's just unaffordable to keep buying people out but the hard questions are going to be those who as you say built houses 20-30 years ago no notice on the title no knowledge account was going to continue standing behind those people and I suspect in the long term the answer is going to have to be no or there's going to have to be a wider scheme to compensate them. One of the great debates about time I reckon. Appreciate it Andy Horn who's litigation insurance partner, Minta, Ellison, Rudwatt, are those floodmaps that you can do now? They're a game changer and not very good necessarily for the people who property turns blue when you look at the flood map. And, Dan Eden, the thing I mentioned the other day, this whole, let's get out of South Dan Eden thing. And suddenly you're telling me there was somebody on the news the other night going, "Now that people know there's a plan, the property value is aren't going to be affected." And I thought, "You delusional idiot, if you think anybody is buying a house in South Dan Eden with what's going on in South Dan Eden, you're insane." You spend a lot of time calling people idiots. There's so many of them, Glen. It's just I'm working my way through them slowly. Michael, these chefs highly trained, 450's cheap for the knowledge, the ingredients, the service and so on. It couldn't agree more. I've long argued, my first Michelin star meal was at Ramses Place at Clarages in London, £85 a head and for to pay £85, call it £160 whatever you want, to pay £160 knowing you have one of the greatest experiences available in the world is a bargain all day long. Mark and Ginny, couple of moments away, here at News Talk's Edby. Opinionated, informed, unapologetic, the Mike Horsking Breakfast with Defender Trophy, Epic Adventure, Greater Purpose, News Talk's Edby. I'm so excited about this because I hadn't thought, realized I'd liked it until I'd forgotten I liked it anyway, so this is Dua Leeper, live from Mexico. She was on to a glow believe between November 24 and December of last year, five continents supporting a third LP radical optimism and it ended in Mexico City where this is recorded. It follows the general set list of a tour, 22 tracks from not just the old but everything she's done, each night on tour she managed to do a cover of local artists and often got that local artist on stage all that sort of stuff. Anyway, it's here and they're so right, another strong argument for this underrated album era and this is this is this when was last time you said a live album? They don't do live albums anymore, do they? And they should. Hot August night. I mean there's a live album, hot August night. Come on. It's basically exactly the same, isn't it? Really? And just think of it. Anyway, and the thing about live albums is when you get a variation or a version of a song you might not have had previously, you get the vibe of the night, even though you weren't there. And in this case you get two hours and 49 minutes. Over six discs. I don't know how many sticks that is in my car. I have to change sticks. Do you believe a live from Mexico? Live from the nation's capital, Mark Mitchell and Ginny Anderson both. Well, this good morning to you both. Good morning, Mark. Good morning, Mark. Mark. What is it? What is it like? Hey, very quickly said through me. No, no, no, I just say like as a former minister for seniors, I have genuine concern for your wellbeing. And I think you might need an introduction. Well, I'll tell you what, said through me. Let me have a writer apply who said through me under the bus the other day big time with you, Mike. Of course, I was there. I watched the kickoff. Beautiful kickoff from potsy. Our first five, a K.A. Golden boots, lofted into the year. Served had a pen at look on his face because the ball was coming towards him. But do you know why it took such a beautiful catch? Because he closed his eyes at the last minute. Look for our car mills as off-site as to at least four cold mills and chain randle. No, we had to be seen. And a pen at look came across his face when he realized he was going to have to take on the entire parliament. You rugby, Ford Peck. And he got crutch, but no, he had a great guy. It was an awesome game, but I tell you something with the parliament, you rugby team, has to turn up with parliament with in peace in it. And there's only three of us. There's the South. There was Greg O'Connor, who's in his sixties. And he's got a black eye by the way, boy. He's got a black eye, which is, which is improved. There's looks a lot. It was a black eye. Yes, but Dodgy is an easy but Dodgy had a good game and of course, some of what? So if we didn't turn up, he had a good guy. He's got two. He's got three as well. You're all hidden and deleted. No, what's he's all right? What's he's okay? He's okay. What's he's okay? So how are your ribs? Are they still causing your jib? Well, they're broken, so they're giving me a good example. So I just have to tell you some of the part of party policy to get your laughing. Is that a chance? What you got to do is get Mark cracking up in the pain as horrendous. Do you just a couple of really quick things? First of all, the Treasury report, Junny yesterday, do you agree with it broadly? So in other words, they're stuck in the eighties and nineties. It's not a particularly good place to work and they need improvement. Would that be your assessment? It looks really hard to tell that from opposition when you're not getting that real-time advice. But I think the public service is under increasing strain and we definitely saw that in scrutiny week. So it's always really hard for the outside to tell how much of that is genuinely coming from the ministry and how much is that that sort of the minister or the government slumped on that? What were you talking about? Just our ladies and useless opposition are. We actually thought that they can't be out of that. No, no, no. We honestly thought that you guys would put some work in a sort of some forensic investigation of what W and W. Erickson did a tour of the Aussies and the correct ones. And you didn't do that. We must have bought a tea and some cute company sandwiches and put the last music on. I mean it was very useless. Having said that, I had the thing for me. I would you know anything about this. The thing that for me came out of scrutiny week is the Broken Downey in New Zealand Plane at LAX and the CAA and the rules that they operate on that don't recognise people and the bowing people in LAX and you got to fly people out from New Zealand. RCA famously useless. Well, James Meager is doing some work on CAA. I think there's definitely some improvements near there that you're going to have to get him on the show to talk to that. It's not my fault, Folio. What about you, Jenny? If you ever seen CAA, I mean is the buzz in the Labor Caucus Room? Oh, that's CAA. They're not up to much. Are they? I mean, do you worry about these little things? That's not been a hot topic. No, unfortunately. But I've had a few different portfolios, but I've never had dirt into the interaction. Well, they're hot topics at the moment. How are we going to fund the $1 billion? We've got it. There's a whole. I do have a question on this, Jenny. Wait a minute. Is that a budget cap for the CAA? The apprenticeship boost seemingly has no criteria around it. So therefore, the most successful foreign construction company in the world can come and get taxpayers money to hire a tradeee. Well, we know we need jobs here in New Zealand, and we know we lost 20,000 of those jobs in construction overseas when all those projects were put on hold international. But why isn't one my question? Why isn't there a criteria? In other words, if you're loaded with dough, you don't need government help. Why are you handing out yet more money that you don't have to people who don't need help? Well, we've cost it on what it was used for. So we can look at how much it was used in the past and that's what our costings had done on. So we know how many packed it up and we're assuming it'll be done at a similar rate. Even if they don't need the help. Well, we know that they take on more and we want jobs here in New Zealand and we don't have those jobs now. We want young people to have that opportunity here in New Zealand and not have to go to Australia. So we think it's a good investment in our young people in our future. And it's quite good. We've got that, that sort of bipartisan agreement on infrastructure. So what we need now is agreement about a which to do that work, to do that work. All right. Okay, breathe, break more in a moment, Ginny Anderson, Mark Mitchell, 13 past. The Mike Hosking Breakfast full show podcast on iHop Radio powered by News Talks at B. News talk to be 16 past that Ginny Anderson, Mark Mitchell, with us. Mark, you up on the the do see story this morning about the death threat, the ahoka, is cousin all that stuff or not? No, I'm not. Right. So do see his cousin owns the development that's you know, a hoker out of Christchurch. So anyway, it's a beautiful place, a few donkeys and horses and stuff. Anyway, somebody wants to build a couple of thousand houses and it's the usual development scrap. Anyway, do see us. The local MP turns up and he's against it and he's said he's against it, but he voted for the fast track and this project's in the fast track, cue the online abuse, cue the death threat and it's off to the police. How much of this crap do you have to put on up with? Because before you go in, I don't need to be an MP. Well, he's a strong advocate for his local community. He's obviously taking a position against him so he doesn't feel it's right for the community. He's got nothing to do with the fast track. He's got no decision making around the fast track. No, but that doesn't stop people threatening to kill him though. It appears. I mean, what the country's bucket isn't it? I mean, honestly, if you can't go to a meeting and you know, be a local representative without getting your life threat. Now, I mean, what the hell's wrong with us? Yeah, I think you more of it around families. I just think that people, so just think that people's, I think that like, you know, boundaries have changed and all the little these keyboard warriors might just get hemmed with these trolls and with time and all this nonsense, but you know, I never have, they'll never be brave to come up and you face to face and say, no, but it just seems to be that I group young people on the office yesterday and we were talking We're all enough and mature enough to say, you know what? Just ignore that stuff. young ones are. It does seem to be, it spikes around election times as well. And from talking to colleagues, it does tend to affect women probably a bit more as well. And the nature of the community. Do you reckon you and your old Bush could get a bit spicy, not you and him personally, but I mean that's a contest to be watched. And I reckon moods are heightened, anger grows, just, you know, it may get a bit ugly for you, Martin. Well, like the way I figure it is, is there anyone that's first one, I one one, and then he one one, so it's just my tune now, right? Is that how it works? I don't know how it works. Yeah, well, he's a bloody good local employee. Even with, I mean, he's doing a lot of enormous heavy lifting for us as a country. And also when you look at him, he's very present, and it's a letter. No, I'm just going to challenge him around here. I think he'll be lifting bad, don't I bet. Do you want to bet on us at the moment, Jenny? Do you reckon, I mean, obviously, I want to win. Well, I had a beach with Nick Moe's about the hurricane in Tamaportaka and he was dumped up, so Yisselgledy take a beer. Yeah, I'm on Tamaportaka. I'm off him. He didn't handle last week well. And he was. Who flippin'? Well, no, well, it was that, but it was also the dishonesty of that campaign of the forest and burden the greens and those nutjobs. And he should have stayed them. He should have passed this on. I've already told him. Pass it on, Mark, he should have stayed them down. If you're a minister, you're a minister for just stand behind what you believe in and don't let the kids on social media derail you. Yeah. Well, I want to bet. I'm on. Well, I'm betting. I'm betting. I'm getting bet to push on. I'm betting, because he delivers for his electorate. He delivers for the country's blowhard, where can anyone can see that? You can just give him one of your properties. How about that? You can just send me Kevin at most. You've got a lot of. I bet, I bet, that big chast, I'm. I think that he's going to. I think he's going to win his seat. If you bet yourself, bet me with the B-Chast. Go on. Bet me with the B-Chast. What do you have a B-Chast to counter if you lose, Jenny? I got a C-Q in a pedal board that's in place. Yes, I can. I've got a B-Chast. Because of the. Hickins. Hickins has got a holiday home. Yeah, he's taking the opportunity. By superannuation money to pay off the mortgage. Can I get you a piece of advice, Jenny? I've got a Hickins. What's the bet? I want to know where the bet is. Well, I don't know that I want to take the bet. I don't want you to win all lose. I mean, I think you may be in trouble. But why? Personally, all right, I'm going to have a bottle of wine. Whatever you want. Whatever bottle of wine. Well, the boundaries are changed. You know that, don't you, Mike? Yes, I do, then. You're favour? So, and that. Yeah, probably are. Yeah, about 5,000 extra people. Yeah. So, you know people are seated by government cuts. Okay. And you also got to think that one margin last time was about 1300. And. So, Jenny will allow to. They'll be changed. The official rely on delivering results. We can have it. OK, we'll see how it goes. Do you want a piece of advice for Chris Hippkins, Ginny? Sure. Tell him to get out of his misery bubble. Tell him to-- I didn't-- I didn't. --to ask that question yesterday about-- Get him in a light. I was like, you. --the Michelin star thing. You didn't ask that. No, the Michelin star question in the house yesterday is everything that's wrong with his campaign. Tell him to lift up to see the better side of New Zealand, to promote the better side of New Zealand. And you'll be amazed at how people react to him. I thought it was all about color. Do it, mate. That's so negative. That's so good on us as a country. Good on color, I think. Nice to see that, really. Yeah, no, that's a very good restaurant. But he should be supporting Michelin star winners. And you should be backing successful New Zealanders. Not going-- And Hammy, you can't play. --is going to go out of business. That's misery. You're not going to be an election on misery. Yeah. Well, I guess it's all for these three sides to go right. There are a lot of businesses around here. A wall of even good family businesses go down. And it makes them-- I guess it makes them heard about. It's a acknowledging effect that there are many here who are really struggling. Yeah, but there are many more who aren't. And there are many more who are doing really well thank you. And they need some backing as well, don't they? I mean, if you want to argue the misery, go do it. But I tell you, it's not going to serve you well in the election campaign. Well, I'm not saying we don't back them, but it's nice to acknowledge those ones. There's a lot of good things to be done. Not really. Because not everybody-- A lot of good things were celebrated. I think that's the campaign. Justin, just in that 15 seconds, there's one voice going. There's a lot of people doing really well. And there's a lot of people with celebrating. And never the twain shall meet. And welcome to the scrap, which is going to last another five months. Mark Mitchell, Ginny Anderson, 822. The Mike Horsking Breakfast with Defender Trophy, News Talk ZB. The Mike Horsking Breakfast full show podcast on A Heart Radio, Palette by News Talk ZB. New Zealand. We like backing our own, of course, which is what we've just been talking about. It could be the local hairdresser, local cafe that knows you coffee order, the trade you know you've used for years. We like dealing with people who are part of the same community, of course. We're thinking about when it comes to Kiwi Saver as well. You can choose a local Kiwi Saver provider with people that actually-- They got people that you can actually go and talk to. There's an idea. So Milford World Class, New Zealand owned company, local people working in local offices right across the country. And at Milford, the people managing a Kiwi Saver account are themselves invested in Milford Kiwi Saver funds. Same market, same ups, same downs. That alignment matters. So everyone at Milford is personally invested in growing the wealth of New Zealanders. So the details at MilfordSet.com. Past performance, not a reliable indicator of future performance. Investment involves risk and returns can be negative as well as positive. Milford Funds Limited is the issue of the Milford Kiwi Saver Plan that's at MilfordSet.com once again. So you can read the Milford Kiwi Saver Plan product disclosure statement. Skying. Do it better, Glenn, honestly. There's no-- no. Mike Michela-- Mike Michela was a wonderful idea but was badly marred by an awful presenter. I'm afraid to say that's true. It was a shocking-- I've sort of been bumbling through this throughout the morning. But the event last night, the only upside of the event apart from the people who won and they loved it and they were genuinely thrilled and enjoyed, was very few people actually watched the event. There were 3,000 people watching it when I was watching it and I watched the whole thing. So fortunately, the rest of the world didn't get to see what really was. As an event, forget the Michelin, forget the winners. But as an event, it was a bumbling, shambling, embarrassing mess. And I hope I never see the like of it again. Sad thing is I think we probably paid for it. News in a couple of moments, then we all make Murray Olds as in from Australia. Your trusted home for news. Sport, entertainment, opinion, and mic. The Mike Horsking Breakfast with Bailey's Real Estate, your local expert with National and Global Reach News Talks at B. Gotta get to the end of the news, you don't reset, which we should have covered earlier on in the program. But there's a couple of things in it that one that worries me and one that I'm pleased. Because no one's banged on more about the front end of the plane than I have. And you know, everyone goes, "Oh, you're such a snob and all that sort of stuff." But the reality is, the Navigation learnt it years ago, all over the world, that the people who pay for the front end of the plane, that's where the yield is, that's where the profit is, that's where the real dollars are. And yesterday as part of the CNU Zealand reset, they've decided that they start focusing on the front end of the plane. Anyway, more shortly, 23 minutes away from 9. International Correspondence with NZI Insurance. Peace of mind for New Zealand Business. Yeah, Murray Olds is with us, morning, ma'am. Good morning, Michael. You're the plane for you. Yeah, but I change your body. These tax records, once the recessors are an issue here for Elven Easy or not, we don't know. Well, not really, I mean, it's just weird that these young thrusters, you're talking about Elven Easy's bank details, these two young employees from Redstone Young. And they are on succumbent for the Commonwealth Bank. No surprise, perhaps, that the Prime Minister banks with the country's biggest bank, the Commonwealth Bank. And that these young thrusters have decided how much funder access the PM bank, the NASA, I'm not sure they got anything about bank balances and what, but they got a bit of hard data. And one of these young chap's that thought it was jolly japed to share that. So he's been charged with using a carriage service to access, you know, off-limits staff. They're both in sack by Ernst and Young. The federal government huffing at traffic. Oh, it's disgraceful. Not just the Prime Minister, any Australians bank details, it's at risk at all. But look, it's vaguely amusing. Elven Easy, you know, your shrubs and keeps going. It's just look, there are two young fellas who have lost their jobs. And they're back in court in August. They're out on bail right now. Explain to me, because you're three, three hours of power starts today. You got to trigger it with your retailer so they're not going to give it to you. It has to be between 11 and 2. With the uptake, particularly of solar in Australia, do the major power providers now have a problem and a business model problem going forward that if everyone gets something on their roof by way of a panel, what is a power company for? Well, you're always going to need that big, you know, it's like having an ATM and the bank behind it. You're going to have to have the bank behind it as well. The big problem over here, Mike, and the point you make is, is valid. I mean, it starts today, the first day of the financial year. And as you say, three, three hours of power every day, it's designed to encourage us to use energy when there's excess solar power being fed out of the grid. The big problem is the grid isn't good enough. The grid is kind of like horse and cat. And all the solar uptake here is extraordinary. Apparently it's the ice in the world. So more and more people are putting solar on the roof. But how do you get it to be? people and that's where the grid comes in. So yeah, it's, you know, because all of these smart devices now you can put your meal or washing machine on and whatnot, you know, remotely and it's all done for you. It's called the solar share scheme, as you say. It's, I think also Queensland. And you've got smart makers, you've got over here as well. So there's a bunch of new technology, but it's going to allow people to get, you know, some free power and everyone that costs to live in everyone is pretty happy about that. How, how, how much uptake is going to be? We have to wait a little bit. Interesting, because they're saying that you, if you whack your dishwasher, your washing machine, you pull pump in your electric vehicle on at that time, you can save up to a thousand bucks a year. So you're talking three bucks a day or so, thereabouts. But you're, you're needing a technological one, you need the equipment that can do it, two, you need the no how to do it, don't you? Oh, for sure, but don't forget, there's massive subsidies being paid to tens of thousands of Australian homes. Primarily, it was a great mate of mine. He's got solar panels all over his roof. He's got a brand new battery that has been massively subsidised by me. I go around and he says, "Oh, little bit of battery. Oh, shut up." And, I mean, more and more and more Australians are doing this. They are taking advantage of a new tech and you can save big dollars, particularly when every other taxpayer subsidising your installation. Here's my problem and once again, I'll sound like a snob, but the person who needs to save a thousand dollars doesn't have the money to buy the stuff. The person who's got the money to buy the stuff doesn't need to save a thousand dollars. But if you're getting massive subsidies to install this equipment and people are, it is affordable for, I mean, look, it's not as though we're all over here with, you know, bowls of gruel and tapping out ways. You know, we had all flopped the front of the plane mate, I'm going to show you. But look, there's enough money over here for people to actually take advantage of subsidies. Right. Maybe they went eight for a couple of weeks. I don't know, trust me, the take-up isn't normal. Oh, no, I know the take-ups are normal. I get that we're having that we're having the same conversation here. Government announced one of the parties in the government announced the other day they're going to give you a, you know, a discounted loan, banks will give you money for one percent, all that sort of stuff. So yes, you can borrow. But the thing is the equation is, and once you start borrowing money, you need to pay it off. And also, it takes seven to ten years to justify the cost of having something on your roof. In other words, if you're in the house for 20 years, fine, if you're in the house for six and a half, you lose. Yeah, that's right. I mean, it's a long-term investment. But you can, I mean, you know, at some point, you're going to have these things on homes all over the country, when you're by the new home, you're still going to be able to walk in there and all the stuff is still going. The end of life is another conversation that's just beginning over here. All the stuff's going to, you know, it does have a lifetime, you know, it's going to run out. It will wear out, I think you're far away. Exactly. Exactly. And then you got the recycling aspect of it. I tell you, what more you're redeeming. What a rocks down. I mean, how bright is she? Well, she is a, head-locked boy right. She's a hard right conservative. No doubt about that. But she's very unpopular in Victoria. Her brand of politics is super toxic to so many people. I mean, it's not as though the Victorian Liberal Party is going that well. I mean, if it was a, you take it out of the vet and you give that political party the green dream, you just put them out of its misery. The fact of the matter is, it's an election at the end of the year, the Labor Government in Victoria. You know it, I know it. It's just dreadful. I mean, there's no other word for it. It's like something out of Charles Dickens. These people are living in some, under some rock. But the Liberal Party down there just tears itself to pieces like Moira Deaming and her husband. There's something, there's something profoundly wrong with her that she doesn't know what a head-lock is. What's that about? It's just crazy. She's accused one of a political opponent who doesn't have the VR right conservative. I'm putting her in a head-lock. No. He put his hand on a shoulder, pulled her closer in the crowd and dreamed to talk to it. Oh, shock. I mean, just ridiculous. It's just a, what a dreadful example to the people of Victoria. The poor bug is down there. You're going to vote for this? I know. I think so. Exactly. All right. I mean, see you a couple of days. Appreciate it. Murray old's out of Australia. They've got a superannuation debate this morning, which is really interesting. I'll read you a line from something. I thought they would tell you it's sorted. Compulsory super problem solved. Well, wrong. More in a moment. 845. The Mike Harsking Breakfast full show podcast on iHeartRadio powered by NewsTox.de. 12 to 9. So Australia has the problem solved. No, they don't. So it's an interesting time or juxtaposition that this country finds itself in. The polls this week should we increase the retirement age to 67 should be means tested blah blah blah. So Australia we look to and apparently they've got it sorted until they haven't as the cost this morning. This is the, this morning's reported. This is the updated comfortable retirement lump sum. Retirement in Australia 67. It's now $730,000 for couples, 630 for singles. As the cost of a comfortable retirement reaches a new high of $80,000 a year for couples. It's an amount increasingly out of reach for many. So the same argument we have in this country we can't say for retirement. We don't have enough money. You would have thought Australia is sorted because they've got their 12%. Thus indicating that no matter what system you've got, there will always be people who can't seem to get it together by retirement. Back to our New Zealand just quickly, they're still looking to lose about $340 million. The first two, and this is the part that worries me, we should get old and nickel on. We probably should have gone on this morning actually. The first two Boeing Dreamliners will be delivered in the next financial year. Now what my reading didn't explain is why. Is that they don't have the money for them? Because I refuse to believe they don't have the demand for them and they can't put them somewhere to use. So why are they delayed until the next financial year? They are looking now as part of their reset to deliver top tier reliability and punctuality. I'm sure I don't know why that's a thing. They should have been doing that from day one anyway. On-time performance improvement was improving. Good. We're fine tuning our premium service flow and product offering, allocating more resources to our highest return on capital areas. Good. I would have thought that was standard practice, but who knows? Working with the aircraft manufacturer is to reprofile the aircraft deliveries to smooth capital expenditures. So that sort of semi-aunts is my dreamliner question. That's a problem. Because an airline already losing money needs more planes, especially in New Zealand who doesn't have any planes, no 767s are currently grounded and two members of the A320neo are still grounded, but there were 606s down to two and none of the 787s were grounded whereas up to 5 had previously been unavailable. But what we know about aviation, I think at this point in time, is the demand is there big time and you need more seats and more planes in there to solve their problem, need to generate more income and if they're not generating more income because they're delaying the arrival of planes, isn't that a vicious circle that you can't dig your way out of? Anyway, maybe more on that tomorrow night or night. The Mike Hossking Breakfast with Bailey's real estate news talks there be. I tell you, you can tell a business that sort of stop caring about their signage. The colors, you know, they're a bit off the edges, a bit peeling, maybe a half hidden by a tree or whatever. It might not seem like a big deal, but it does something to your head. You know what I mean? You just feel slightly less confident about how good that business is. Flip side. When a place looks up from the outside, you assume they've got it together on the inside and signage does that. That's the magic of signage. It sets the tone even before anyone says hello. So speedy signs, they help businesses look sorted, properly sized signage, colors that actually match the brand, installed straight, built to last, they're the experts at making sure that when someone sees you building or your vehicle or your window, nothing feels old or amateur. So when someone walks past you building and sees you vehicle, they do not hesitate. They think, yep, these guys look legit. So if your signage is looking a little bit tired, speedy signs, 0800 speedy, 0800 speedy, or if you want to do it online and deal with the good people, that way speedy signs one word, speedy signs dot code dot in Z. Trending now with humor's warehouse, your home of winter essentials, a reflection pull update memorial reflecting pull saga or or as trump calls it. The big one, the reflective lake effect, there's some people going to pound some people, it's like a lake. It's the big one. So what do you call it? It's not looking good. Today though, we've heard from the man in charge of clearing it up. We've never done a pull, but the water's relatively the same as the water that you would see out in a regular lake somewhere, right? You're treating it for algae and bacteria. How clean does President Trump want to get this product? I don't know the answer to that question yet, but since it was really blue last week, I think he liked that. So that's Chaz. Chaz is the president of the Greenwater Services. He is at a bit of a loss as to why his patent that $1.7 million dollar ozone nano-bubble isn't doing the job. ozone is 3000 times faster and 50 times more powerful than chlorine. How it happened? I don't know. It could be, some would come from the pipes, could somebody have dumped some stuff in there? Anything's possible in the whole night. It's sabotage. everyone knows. it's sabotage, it's nice, it's sabotage. So when we're going to get it sorted out. Well fix it right after the fourth of July. It's not pretty good. The whole point of it was the fourth of July. Well there was a whole point of it. It's a goodness. So can I just say, can I just say, and it's more lower than me, let's be frank, I do very little other than the observe. But can I just say, there are chemicals and there are fountains out there that leave you with a very pleasant experience when it comes to holes in the ground with water. And if it's not that hard, I could probably run America as well. So if I can do a good pull, I can do it as a company. Bit of a shame they awarded that no big contract for the now convicted fraudster, isn't it? Could have helped them out. Tomorrow will be Thursday. And that's about all I'm prepared to reveal on the program this particular point in time. Other than to say it's going to probably be worthy. And also I'll be here from six. For more from the Mike Horsking Breakfast, listen live to News Talks at B from six AM week days or follow the podcast on iHard Radio.