Avsnitt
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I am here to help the ol' Chipster.
The Chipster, aka Chris Hipkins, was in the building this week. I said hello to him.
He asked me when I was dropping the blacklist I have on him appearing on this show.
I said he had appeared once already this year and that was plenty. We both laughed.
What I like about him is that he doesn’t seem to take any of this personally.
He knows I think he's hopeless and he knows I think he wrecked the country. But he is playing the long game and he knows I know he will be back next year in the election campaign and, if he wins, he will be back as a regular.
Which brings me to the help.
In Australia this week their Labor Government approved the extension of a massive gas project – Woodside are Australia's largest gas producer.
Before the word came from the Government, the company had launched a fairly vigorous, and as it turns out, effective campaign reminding us all that if you want to look at Spain the other day, and indeed various parts of Europe that have been spending increasing periods of time in the dark, you will find they became obsessed with renewables and that obsessions led to blackouts.
Continuity and consistency of supply, Woodside argued, is just as important as where you get your energy.
Anyway, Labor gave them the tick. Yes, the conservationists are upset, but aren't they always?
The point for Hipkins is this: this is a Labour Government that did this. A Labour Government that romped home in an election just the other day. A Labour Government with a gargantuan majority.
Why? Because it's what you'd call here a Labour Government of old. It's a centrist Labour Government.
It's not a woke, handwringing, ideologically obsessed Labour Government of, say, 2020-2023.
Blair Hawke and David Lange are your Labour Governments of success.
Hipkins is your Labour Government of failure.
Albanese has clearly learned the lessons of history and worked them nicely to his favour. Yes, he can be centre left, but the lights will always be on.
Last time the Chipster was in charge we stopped looking for gas altogether and, as far as I know, he wouldn't start looking again.
That’s the sort of thinking that leads to blackouts and an electorate that doesn’t see you as viable.
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On the Mike Hosking Breakfast Full Show Podcast for Thursday 29th of May, the Reserve Bank made the decision to cut the OCR by 25 basis points, but did we get any sort of clear direction for the future? Acting Governor Christian Hawkesby is on the show.
The Prime Minister has recovered from his illness and is on the program to give his reaction to the OCR announcement and the public service leaks.
We love Tami Nielson, so when she has a new NZ tour to announce, a new single, a new album coming soon, and multiple NZ Music Awards nominations, we had to get her on for a chat.
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Saknas det avsnitt?
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One of the most significant country music figures to emerge from New Zealand, Tami Neilson continues to grow on the world stage.
Later this year she’ll be touring around the US with Willie Nelson and Bob Dylan, as well as a string of European dates – but unlike some other stars, she’s not leaving New Zealand out.
Neilson is returning to our stages this October for her ‘Neon Cowgirl’ tour – performing five shows across the country.
She’ll be performing songs from her new album of the same name, which releases in July.
Although it's common for artists to labour over their work, often taking years to complete and release albums, Neilson told Mike Hosking that comparatively, she works quite quickly.
“From the time I’m kind of laying down the music to when it comes out, it’s usually a year,” she said.
“I usually write my albums and then track them within a week, so most of my albums are live off the floor.”
The recordings listeners hear are full takes performed live by Neilson and her band, which she says adds a realness to the songs.
“I think in this age of, you know, impending AI, the more we can lean into our humanity, you hope that comes through in the music and connects with other human hearts.”
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The effects of centralising New Zealand's polytechs continue to be felt.
New data shows there were about 75 thousand international students in the country last year, down from 125 thousand in 2016.
Tertiary's seen the biggest drop, halving in that timeframe.
Tertiary Education Union's national secretary Sandra Grey told Mike Hosking polytechs had major reform after Covid, which disrupted courses and staff.
She says that confuses students looking to study, who will then consider options elsewhere.
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Don't bank on further cuts to the Official Cash Rate.
The Reserve Bank's dropped the OCR 25 basis points to 3.25%, and is now forecasting it could reach a low of 2.9% by the end of the year.
But Governor Christian Hawkesby says further cuts aren't guaranteed.
He told Mike Hosking they're taking things one step at a time, as they wait to see how global developments affect the economy and inflation.
Hawkesby says the OCR is now close to "neutral" and the Reserve Bank's next move won't be pre-programmed, it will depend on how things unfold.
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A new plan is being touted as a way to fast track shaking up the grocery sector.
The New Zealand Initiative is proposing allowing new entrants to enter the market, rather than forcing any break-up of the existing supermarket companies.
It outlines the need for fast track plans for rezoning, consenting, overseas investment clearance, and a more neutral stance from the government.
Chief Economist Eric Crampton told Mike Hosking a new entrant should get a head start.
He says within five years the government would find out whether planning barriers are what's held companies back.
Foodstuffs and Woolworths are both members of the New Zealand Initiative.
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Christopher Luxon remains hopeful the latest cut in the OCR isn't the last.
The Reserve Bank's dropped the Official Cash Rate 25 basis points to 3.25%, and is now forecasting it will reach a low of 2.9 percent in December.
But the Monetary Policy Committee wasn't able to reach a unanimous decision to cut the cash rate.
The Prime Minister told Mike Hosking Acting Governor Christian Hawkesby is dealing with a period of global uncertainty.
He says there's a huge amount of volatility that Hawkesby is navigating, but the economy is turning a corner.
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To give you an insight into just how hard Christian Hawkesby's job is today, have a look at what the shadow board says.
The NZIER has a monetary policy shadow board. It’s a bunch of economists and their view as to what should be happening.
Some say drop by 25 basis points, one says 50, and some say don’t do anything.
How do you deal with that?
These are experts. They know what they are doing. Or do they?
So no matter what Christian does some of them are going to go "what on Earth was he thinking?"
Think about the difference between 50 basis points and nothing.
50 basis points is a lot. 50 means things aren't good, and we need to fire the place up a bit.
If we don't move it means things are just where we want them.
Are they where we want them? No, is my answer. But then I'm not an economist.
Most of them say things like "boy this is tricky". My word is "uncertainty" – the watch word of the day.
It's through this murky mix of "who the hell knows what's going on" that Christian has to wade and produce something that will see us head into a half decent Christmas.
Of course that’s part of the mess we are in. There is a lot of water to go under our beleaguered bridge before Christmas, and a number of decisions from the Reserve Bank, along of course with the much-dissected commentary.
What does 25, or 50 basis points, or nothing, mean? What's old Christian thinking?
I'll tell you this for nothing – a big part of this equation is mood. It’s the same with the Budget last week and the depreciation measures.
You have to want to get amongst it. You have to take your mortgage rate cut and do something with it. You have to want to buy your tractor, or ute, and depreciate it by 20%.
If you are in a funk and you're not spending, then depreciating 20% of zero is nothing and no one gains.
Christian, or Nicola for that matter, can't do it all. At some point we have to believe. We have to have our arm twisted. We have to see a bit of light.
The most powerful factor in any economy is us, and mood.
At some point a switch has to go off, a decision has to be made, and we need to look forward to better days.
Let's hope today is a part of that story.
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A new horticultural initiative is set to transform New Zealand into a commercial catnip producer.
Kiwi startup, Muttley's Estate, is believed to be the world’s first manufacturer of catnip-based 'pet wine', that can be stored for up to 12 months.
The garden herb's estimated to positively impact mood in about two-thirds of cats while helping to soothe anxiety in dogs.
Muttley's Estate Director John Roberts told Mike Hosking catnip's currently not very widespread or commercially used.
He says they're trying to grow that market segment, as it's a relatively easy crop to grow.
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Today on Politics Wednesday, Mark Mitchell and Ginny Andersen joined Mike Hosking to discuss the biggest topics of the week so far.
They discussed the shoplifting directive issued to Police – will officers still be attending retail crime incidents if the value of the theft is less than $500?
And why is Labour against the use of private hospitals to lower the public surgery backlog?
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On the Mike Hosking Breakfast Full Show Podcast for Wednesday 28th of May, what will Christian Hawkesby and the Reserve Bank do today? We look ahead to this afternoon's announcement and, perhaps more importantly, the forecasts for the rest of the year.
Do we need to do something about this 'Run It Straight' game now that someone has died? Or is that leaning too much into being a nanny state?
Ginny Andersen and Mark Mitchell discuss the police directive regarding shoplifting and why Labour seems to be against private hospitals easing the public surgery backlog on Politics Wednesday.
Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.
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The Trade Minister says New Zealand's hustling on the world stage, looking for every opportunity.
KPMG's latest Agribusiness Agenda suggests New Zealand can't rely on our usual global customers and needs to look for new markets.
Trade and Agriculture Minister Todd McClay says this is a priority, with free trade negotiations in full force with India
He told Mike Hosking we also have to keep growing the value of our exports, something our primary sector's already seeing success with.
McClay says there's growth across the board because our farmers produce the highest quality and safest food.
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There's changes happening in the construction sector.
Construction Minister Chris Penk is launching the country's first fully independent residential building consent authority - with approval subject to certain conditions being met.
The privately-owned company, supported by the government, promises to issue building consents within 10 working days for eligible residential projects.
Penk told Mike Hosking it's another option alongside local councils.
He says initially it will be too small to take on all the work council does, but it might be able to scale up depending on what the appetite is.
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Access to the Port of Auckland is going to get more expensive for truck drivers.
Peak access charges for trucks entering the Fergusson Container Terminal will increase from $130 to $180 in January.
It will be followed by a further increase to $230, six months later.
Port of Auckland CEO Roger Gray told Mike Hosking they've given transport operators plenty of notice.
He says one of them happens in seven months and the other in 13 months, taking the port in the right direction.
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BNZ's the latest bank to drop its home loan rates, anticipating a change to the Official Cash Rate this afternoon.
The Reserve Bank's expected to cut the OCR 25 basis point to 3.25%.
Already BNZ's cut its fixed rates to as low as 4.89%, and its standard variable rate to 6.44%.
BNZ chief economist Mike Jones told Mike Hosking today's decision should indicate the Reserve Bank's general direction, but it probably won't reveal anything too specific.
He says that seems to be the playbook offshore, allowing it to take its time and assess the lay of the land at the next meeting.
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There's a belief official 'Run it Straight' events are trying to mitigate head injuries, but has risk written all over it.
Ryan Satterthwaite —a 19-year-old— has died after suffering a serious injury during a private version of the aggressive tackling game in Palmerston North on Sunday.
A championship league final has been blocked from Auckland's Trusts Arena.
Former Kiwis captain Richie Barnett told Mike Hosking the official events are a controlled environment, but heads can end up in the wrong space.
He says it's still impact, which is the problem, as you don't need to have a concussion to have a brain bleed.
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A day of celebrations has turned violent in the UK after a car collided with pedestrians at Liverpool Football Club's victory parade.
Authorities say a 53-year-old white British man has been arrested and the area has been evacuated.
47 people were injured – 27 were taken to hospital, two with serious injuries, and 20 treated on scene.
UK Correspondent Rod Liddle told Mike Hosking it doesn’t appear to be connected to terrorism at this stage.
He says the motives are a complete mystery.
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The pressure is on the new Reserve Bank fill-in Governor tomorrow.
Although given it’s a committee, in theory he is more of a messenger.
It's reported that we have increased calls for a 50 basis point cut.
Why? Because things aren't flash.
If you read business results in the current reporting season, a lot of commentary tells us the recovery is underway. Things are looking better.
We can certainly see that, for example, with retail spending. The numbers produced just last Friday for the opening quarter of the year are up, and in some parts of the sector they're up quite a bit.
We have seen manufacturing expanding for several months in a row now.
So those are the fact-based statistics. The other measures, like confidence, have dropped. We see people in the doldrums.
But that is a vibe.
Can you find people who are in the doldrums? Of course you can. But does a vibe lead to a lack of action or a lack of spend? Or do we say one thing and do another?
We also read a lot about this “uncertainty”. The uncertainty is of course Donald Trump, because Trump is increasingly seen as insane.
It may well all end in tears, threatening tariffs on Europe one day then delaying it all until July the next.
Against this, the Reserve Bank Governor has to work out whether to drop the OCR by 25 or 50 basis points. If it's 50, does that gee us all up and out we go and fire things up? If so, then next thing you know inflation is sparked up.
Does he go 25 and hint at another 25, and may even another 25?
What does he say about inflation and its uptick already, not just here but globally? Do we have the growth to support any such uptick? Is the uptick driven by actual activity, or still people just putting their prices up?
As someone said, who on Earth would want to be Reserve Bank Governor? And our one isn't even under the constant threat of being fired.
Thank the good Lord that we indisputably have an export-led recovery of sorts. Meat and wine and kiwifruit are doing the business.
But that’s over there, over here we are still in a funk.
So, what to do? Your move Christian.
No pressure then.
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A common deficiency could be holding you back.
Iron is the most common nutritional deficiency, both globally and in New Zealand, and it plays a role in everything from energy to brain function and development, thyroid function, and anxiety prevention.
Dr Libby Weaver is biochemist, nutritionist, and author, and her latest book ‘Fix Iron First’ delves into the role of iron in the body, and how a deficiency could be impacting your life.
She joined Mike Hosking to discuss her research.
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Despite the challenging economic conditions, Turners Automotive is standing strong.
The company announced a record year to March, returning a profit of $38.6 million – a 17% increase.
The result capped off what the company said was a decade of sustainable growth.
CEO Todd Hunter told Mike Hosking the secret to sustainable growth is to provide a great environment for their people.
He says they then provide a great experience for customers, and the combination of those two things delivers a great experience for their shareholders.
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- Visa fler
