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Chapter 1: What is the main topic discussed in this episode?
Asking the questions, others won't. Heather Duplessy-Allen on the Mike Hosking Breakfast with Range Rover Sport. The most dynamic Range Rover Sport ever on Newstalk ZB.
Morning. Coming up on today's show, Labour is angsting over the government secretly committing about a billion dollars in future budgets, but not saying what for. We're going to chat to the Prime Minister about that after half past seven. We might be banning the old run it straight type events. More on that.
The blood service on why we have a record number of blood donors, but it's still not enough. Commentary boxes with us after eight. Richard Arnold in the US and Steve Price over the ditch. You know, every business could do with someone like Jane Bennett from the Stars netball team. Now, you won't know the name Jane Bennett.
Chapter 2: What secret spending is hidden in the New Zealand Budget?
She's behind the scenes. She's the team's general manager. But she got in touch with me via email a couple of months ago to invite me to a game so that I could see what was happening in the arena at a netball game. And presumably, she didn't say, but presumably it was because we had spent so much time on my drive show discussing what was and still is going wrong for netball in this country.
So I took her up on the invitation, went along with the family last night. Now, sure, this doesn't mean that the decline of netball isn't real, because it is. Sky TV has basically dumped the league. There is no money. The best players have jetted off to Australia. The remaining players have had to take a pay cut.
The board chair and the CEO have fallen on their swords, and it is not pretty at all what's going on there. But what I saw last night gave me hope that the new chair, Alistair Carruthers, and the Jane Bennets of the competition can turn it around and save what they have, because there was an arena of fans who want it saved.
And there were women on that court, Amelia Wormsley for one, who are excellent. Like you look at it, you can see they are excellent at what they've chosen to do and they deserve the sport to be thriving. If there's something Jane gave me with that invitation last night, it's an insight into how many people deeply care, including her.
And that is ultimately the most important thing because it's the people who care will be the ones to save netball in the end. So we are still on Iran Watch this morning with ceasefire negotiations remaining at a standstill.
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Chapter 3: How does Christopher Luxon view his recent trip to Australia?
Donald Trump is still talking about starting up strikes again.
It's not a big war for us. We're very close to having a deal. And if we don't have a deal, we'll do it one way or the other. Either way, we win. My red line would be if I think I wasn't going to make a deal or if I wasn't going to make a deal fast enough.
Meanwhile, there are hopes for a British couple currently imprisoned in Iran. Craig and Lindsay Foreman were sentenced to 10 years prison for espionage during a trip to the country 17 months ago. Craig is hopeful the government will make something happen.
When this guy's name was mentioned, both of me and Lindsay were slightly miffed, but excited to think, well, this could actually be happening now, and there could be a prisoner swap on the table here. But obviously, to date, nothing has happened. Now it relies on the release of another man and his lawyer can't see why it can't happen.
It's a complete waste of public money. It's very detrimental for Richard. His health is deteriorating rapidly and I don't think that anyone is benefiting from this.
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Chapter 4: Why are only 4% of eligible people donating plasma?
To Israel, where one person has been killed and five wounded by a shooting by an Israeli Arab, Benjamin Netanyahu is happy with the emergency response. First of all, I praise the emergency forces, the emergency preparedness team who acted immediately against the terrorists. I praise the Israel police officers who eliminated the terrorist and also caught his accomplice.
Right, to the war in Ukraine, which also shows no sign of ending soon. Zelensky is in London for talks about more European support. Meanwhile, Moscow has launched another attack on Chernobyl and that is causing frustration. We have been talking with you for years right now about the war.
Russia has no intention to stop and they have no intention to decrease tensions or to get closer to the peace negotiation or a ceasefire. And they are proving it by continuing the attacks. Over in the UK, the Henry Novak case is still in the headlines, so much so that Pete Hexeth has got himself involved. He blames the case on mass invasion of migrants. The Deputy Prime Minister isn't happy.
I said, look, Mr Vice President, you're wrong about this. And it's also the case that actually murder is coming down in the United Kingdom. OK, finally, a UK father who ordered a parenting magazine in 2007 has received it 19 years later. Paul Edwards bought a copy of the magazine when his daughter was 18 months old and his son was due in three months.
So that's round about the time he would have needed it, right? Magazine arrived 2026. No explanation from Royal Mail, apart from a note saying we apologise for any inconvenience caused.
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Chapter 5: What insights did Heather gain from attending a netball game?
And that is news of the world in 90 seconds. Now, I don't know how, I'll tell you what, I don't know how Andy Burnham's going to deal with this because it's looking even worse for him in terms of winning that by-election that he needs to win.
He needs to win the by-election, if you haven't been following it, he needs to win the by-election to get into Parliament so he can then roll Keir Starmer, then become the Prime Minister and then save the Labour Party from the spanking it's going to get. There's a new poll out that says he is going to lose Makerfield by a lot more than we thought to reform.
Reform was always in the lead, but the lead is now stretched out. So the lead is now 9%. So reform is sitting on 29. Labour is sitting on 20. The Greens are on 14 and the Libs are on 11. And as if that isn't bad enough, voters are more excited about Tony Blair returning as the Prime Minister than Andy Burnham making it in as the Prime Minister. 12 past six.
The Mike Hosking Breakfast full show podcast on iHeartRadio, powered by Newstalk ZB.
I tell you what, if you think our Defence Force is toothless, how about this one? The UK's entire submarine fleet is currently out of action. So they've got five astute class hunter-killer subs. All five are in port awaiting maintenance and repairs. And they also have a six which they've already commissioned into the fleet. But it's not ready either. Quarter past six. Hello.
Greg Smith, Generate, with us right now. Morning, Greg.
Morning, Heather.
Right, what do you make of those US job numbers?
Oh, the labour market there just refuses to crack. So, your payrolls surged 172,000 in May. So, that was more than double expectations. So, yeah, the world's largest economy just continues to sort of be pretty resilient despite inflation, interest rates, and, of course, what's going on in Iran. So, your unemployment, that was steady at 4.3%. Participation rate, that was pretty steady as well.
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Chapter 6: What is the current state of the ceasefire negotiations in Iran?
So, yeah, disappointing result, really. Revenues were up 4%, $2.5 billion, but net income, that fell $195 million from $340 million a year earlier. Interim CEO said they've been navigating headwinds. They've had negative commentary on social media.
There have been claims that the leggings aren't squat-proof, some of them, and they're safer in terms of their recent product launches, so they haven't gone well. Biggest weakness here in North America, that's their key market for them, sales down 5%. Going pretty well in China, though. Overseas sales up 22% led by that country, so solid momentum.
But, yeah, overall, they're getting a bit of a margin squeeze on tariffs, discounting due to, I suppose, poor reception on some products and high costs. Investors, fair to say, were not warned by the release from the yoga pants maker. They were down 9% on Friday.
They were market darling a few years ago when you look at them, but the $13 billion company is now down more than 45% this year alone and trading at eight-year lows.
Yeah, okay. Give us the numbers then.
Okay, so yeah, the market's a little bit weaker on Friday. So the Dow's down 1.4%, 58.66. S&P 500 down 2.6%, 7383. NASDAQ down 4.2%, 25709. FTSE 100 up 0.1% in the UK. Nikkei down 1.3% in Japan. ASX 200 down 0.7%, 8625. New Zealand, we're a bit of an outlier. NZX 50 was up 0.5%, 13161. Currencies, Kiwi against the US, 58 even, down 1.2% there. Australian dollar, we're at 82.2, that's flat.
Gates to pound, 43.5, down 0.6%. Japanese yen, 92.9, down 1%. Gold down $146 at 4,328 an ounce. Brent oil here down $1.90, 93.09. This week, plenty going on. We've got manufacturing PI, PMI here, I should say. Visitor arrivals data in New Zealand. Offshore, we've got China trade data, US inflation.
and we've got some rate decisions in the Bank of Canada and from the ECB, earning some Oracle, Adobe, and, yeah, will it go into hyperdrive? SpaceX lists on Friday.
Good stuff. Hey, thank you very much, Greg. Enjoy the rest of your day. It's Greg Smith of Generate. Don't know how I'm feeling about this ceasefire between Israel and Lebanon because it looks really shaky. Israel has hit southern Beirut despite the ceasefire. Two airstrikes, two apartment buildings taken down. It is a stronghold. This part of town is a stronghold of Hezbollah.
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Chapter 7: How is the war in Ukraine impacting global politics?
Quote, famous for absolutely nothing, can't carry an umbrella herself, and she ignores Martin when talented sportspersons and international actors embrace him. She has no place on our grid. Well said. Well said. I read a thing the other day, and I can't remember who it was, who said they were doing emceeing with her. And the two of them were supposed to do it together.
She came out and said, oh, do I need to say anything? And the guy was like, yeah, it's emceeing. That's literally your job. And basically he did it all himself. She came out at one point, said hi, and then disappeared. Federated Farmers is with us next. They've got their list of priorities for the coming election. Five-point plan. We'll chat to the president next. Newstalk ZB.
So Trump's given an extensive interview on Iran.
Richard Arnold's going to talk us through that shortly. It's 23 away from 7. Hello. Federated Farmers have launched their list of priorities for the coming election. They've unveiled a five-point plan. They want the government to, one, cut the cost of farming, two, enable technology and infrastructure, three, empower community conservation, support young farmers and finally fix local government.
Wayne Langford is the Federated Farmers President and with us. Morning, Wayne. Morning, Heather. Okay, how would you like them to fix local government? Well, I think what we've got to look at is one is around the RMA, and we know that we've asked them to do a lot of work on the RMA, and they are doing a lot of work on the RMA.
But in the short term, and while they work through that, we need some things to get the activity going on the farm. And that's why we've asked for a list of 10 permitted activities that farmers should be able to do without having to go through rigorous consenting applications.
Things like gravel extraction, effluent management, veggie growers being able to do what they do without significant consent, the installation of small-scale solar, water storage, drain clearing. These sort of things as a permitted activity within boundaries so that they can't just go out and do whatever they want, but they can get on and get these things done.
Okay, is any of this stuff going to upset the townies? Well, I don't think so because what the farmers are going through at the moment is this rigorous litigious consenting process where you have a certified person come out and check what you are going to do. The farmer then goes and does it. They then come back and get audited to say that they have done it and everyone seems to be happy.
In the meantime, it takes a whole lot of time. It takes a whole lot of money, including the farmer's time and money, and it slows everything down. And ultimately we're saying, hey, why are we doing it?
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Chapter 8: What are the implications of the latest polls for the Labour Party?
They do have water for sale in the stadiums. But as you can imagine, because they love the old ka-ching, ka-ching, $10 a pop, New Zealand. So now people can take their own tap water in. Richard Arnold next, 19 away from 7.
Here's a question for you.
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It draws the filtered fresh air in and it pushes the stale air out. It's just that simple. Fresh air in, stale air out. And the steady, gentle circulation creates a drier, healthier atmosphere and prevents the mold and other nasties from becoming problems. Thousands of homeowners are already experiencing the difference.
And if you're planning on building, DVS has new solutions for new homes as well. So say yes to DVS. Your healthy home isn't complete without it. Call 0800 DVS DVS or visit dvs.co.nz for all the help you need. Morning Heather, did you know that the co-leader of the Greens was ticketed for speeding after opposing the speed limit increases? Yes. We will discuss in just a tick quarter to seven.
Richard Arnold, US Correspondents with us.
Morning Richard. Good morning Heather. Okay, so what's Trump had to say about Iran? Well, we're 100 days in now on all of this, and Trump is speaking in a little more detail about the peace effort. In a lengthy interview with Christian Welker of NBC's Meet the Press, he says that if a deal can be done, the U.S. will work with Iran to destroy its enriched uranium.
The only two countries that can get it are us and China, because we're the only two with the equipment that's capable of doing that kind of work.
Well, Trump says that with or without a deal, the US knows precisely what is going on at the nuclear sites that they bombed.
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