Full Show Podcast: 08 July 2026
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What is the main topic discussed in this episode?
tough on power, sharp on insight. The Mike Hosking Breakfast. With Bailey's Real Estate, your local experts with national and global reach. News Talk ZB.
Good morning and welcome. Today the RB and the cash rate, NATO and more Trump threats on Greenland. The NRL deal breaking records, Sky holding the rights here. Mark and Ginny, politics Wednesday. Richard Arnold in America, Murray Olds in Australia. Welcome to the day.
What is the significance of the Official Cash Rate increase?
3-2 to Argentina, by the way, if you're interested, they win. Big day today also. It's hard to overstate the importance of the New Zealand economic story and the state of the place as we broadly understand it. We are on the precipice of some sort of comeback.
How does the new NRL rights deal impact Sky Television?
The better days are in their preliminary stages actually here and there are more to come. We've had a taste late last year and into the early part of this year of what might be. Then came Iran, of course.
What challenges do politicians face during election campaigning?
A lot of fear got attached to Iran, but increasingly it looks a lot like that was misplaced. Any number of people who look at such matters have decided the worst conclusions are wrong. The darkest of days will not be happening. Most noticeably is inflation.
What are the latest economic insights from BNZ's Stephen Toplis?
The straight closure would lead to exploding prices, apparently not just oil and petrol, but plastics and ceramics, all the stuff we build with. Thank you very much. So does the bank have a crack today? Increasingly, the thinking is no. Not universally no, but largely no. And the mixed messaging yet again reminds us what a tricky old world we live in. This doesn't mean they won't at some point pull the trigger, but at such a fragile stage, surely we can mount a strong enough case to suggest we might like to hold tight for now. Part of the fragility of all of this, of course, is based around the Reserve Bank under different management, having made a pretty large hash of matters. So most of us quite keen not to repeat the exercise.
If we get out of this with some GDP growth this year, an inflation rate that got not a lot higher than four, and a cash rate of maybe late twos, that is quite the story of resilience. And I think the majority of us are quite keen for the better economic days. Or astute tactic is the debate they're having in Britain this morning as Nigel Farage quits Parliament, triggering a special election.
No, I've decided that the people of Clapton should be the judges of my actions. This will be a people versus the establishment by-election.
How do recent spending trends reflect New Zealand's economic health?
It's a chance to stick two fingers up to the entire establishment.
Big question is timing. Do you have a vote before an inquiry? There's a danger there could be two by-elections. And that would not only waste taxpayers' money, but it would mean that Mr Farage wasn't being properly held to account. Kimi was in boots and all.
He is a man who is cracking under pressure. That's why he was shouting at journalists yesterday. And what we have to ask ourselves is, is this someone who can do the top job? He hasn't become prime minister yet, and he's already cracking under the pressure.
Keir couldn't help himself.
What are the implications of the new OECD report on productivity?
Politics should be about improving the lives of millions of people, not about personal gain, not about hiding dodgy donations. And I think the public will see this for exactly what it is. Farage has been ripable, of course, we told you this yesterday, with Sky over there, treatment of his family.
We acknowledge that Sky News was part of a broadcast pool operation outside a property linked to Mr Farage yesterday. We approached the property off camera on a single occasion, identified ourselves, and the occupant chose not to engage.
Then Turkey and NATO, Trump and his threats have arrived as he whines again about the EU.
Frankly, if it weren't held in Turkey, where my friend happens to be a very strong leader, a very strong... Person, it's possible that I wouldn't have attended. We did something in Iran. We don't need anybody's help.
Finally, drama in New York as they close part of the city where between 42nd and 2nd Avenue, this near Grand Central, we've got a building losing bricks.
How is the political landscape shifting ahead of the elections?
Thought it could be about to fall over.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:00–0:23
2
What is the significance of the Official Cash Rate increase?
0:23–0:34
3
How does the new NRL rights deal impact Sky Television?
0:34–0:45
4
What challenges do politicians face during election campaigning?
0:45–0:58
5
What are the latest economic insights from BNZ's Stephen Toplis?
0:58–2:33
6
How do recent spending trends reflect New Zealand's economic health?
2:33–3:07
7
What are the implications of the new OECD report on productivity?
3:07–4:06
8
How is the political landscape shifting ahead of the elections?
4:06–1:30:45
Speakers
5 identifiedMore from The Mike Hosking Breakfast
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