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The Mike Hosking Breakfast

Full Show Podcast: 15 June 2026

14 Jun 2026

Transcription

Transcript generated automatically by AI and may contain errors.

Chapter 1: What is the Labour Party's response to the $18 billion claim?

0.031 - 16.814 Mike Hosking

In a noisy world, hear yourself think. It's the Mike Hosking Breakfast with Aveda Retirement Communities. Life your way. News Talk ZB. Morning and welcome. Today it's Sunday in Washington and Trump claims the pens are out, the paperwork is ready, the field days were a fiesta of good times.

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16.834 - 32.595 Mike Hosking

The Prime Minister on Labor's $18 billion hold, the lads in the commentary box of course, Richard Arnold stateside, Steve Price in Australia. Boy, do we have a poll out of Australia to tell you about this morning. Anyway, seven past six. I would love to be back talking about the Warriors, of course, but they lost both games since I've been away.

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33.316 - 45.411 Mike Hosking

Saw the Panthers a couple of hours after arriving in London, saw the Sharks in Singapore over the weekend. Can I just say that my theme has been consistent for all the good we're doing, for all the fizz of the season, for all of the prospect, what we need to kicker.

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45.391 - 57.083 Mike Hosking

I said this because at some point we would lose by two or four points, and those two or four points would be missed opportunities because we didn't have someone who kicks it 85%. Nathan Cleary is 84.3%. That's what we need.

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Chapter 2: Will the government implement a bed tax?

57.703 - 74.443 Mike Hosking

Pompey, who I would have used all season, missed the critical points, could have gone to extra time, and who knows what would have happened after that. Season's still fine. Don't panic. We're still top four by the end of it. We're still going to the playoffs. We'll still get a home game, but we could still win it all. But it's the little things that count in a tight competition.

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74.463 - 92.577 Mike Hosking

I keep saying this. Why doesn't anyone listen? It's the little things that count in a tight competition. Losing to the Panthers wasn't really a thing, given how tight that was. But we've now lost two by two. Anyway, can't mention all of that because we lost. But the Cowboys next sub will be right now. To some quick observations on travel.

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Chapter 3: Is a peace deal between the US and Iran imminent?

92.877 - 112.749 Mike Hosking

The world is wonderful. Hectic, but wonderful. London, Edinburgh, this is where we went. London, Edinburgh, and New York, as well as Singapore. Three of the globe's great cities. Guess which one we went to isn't. Anyway, travel reminds you how small we are, checking our news sites periodically as we did. Have you noticed we seem fixated in this country with crime and weather?

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113.189 - 130.211 Mike Hosking

I mean, there's a gargantuan amount of stuff going on out there in the world at the moment, but the news alerts seem fixated with courts and rainfall. We might want to broaden our horizons a little bit, I thought to myself. I can report Britain is a troubled, angsty place with a by-election this Thursday that will lead to the end of the Starmer prime ministership.

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130.291 - 145.868 Mike Hosking

Luxon, even in his worst and wobbly days of public acceptance, looked like a combination of Gandhi and Taylor Swift compared to Starmer. To call him a dead man walking is to make a dead man walking seem lively. There was a race row after a Sikh nutter stabbed some poor kid. The cops didn't believe he'd been stabbed.

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Chapter 4: What insights did Mike share from his recent holiday?

145.848 - 166.905 Mike Hosking

and he died as they put the cuffs on him. After that, Belfast exploded, and just as we left, the Defence Minister quit blaming a lack of money to defend the country. That's how bad Britain is at the moment. As introspective as we might be at times, and we are, Britain is a mess, and we aren't, which makes it good to be home. News of the world in 90 seconds.

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166.965 - 173.615 Mike Hosking

Ah yes, Sunday in America and the difference with this Sunday, according to the President, is we're signing some sort of peace deal. Or are we?

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173.695 - 184.652 Barbara Edmonds

We are very close to a deal that will bring peace to the region, including to Lebanon, and all sides should stand down. There should be no more attacks by Israel anywhere in Lebanon.

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184.772 - 189.439 Mike Hosking

Yes, this is where old mate Pete steps in to remind us everything is awesome. We control the streets.

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189.419 - 198.754 Pete Hegseth

And then we did two more days of bombing because they weren't really coming to the table. So it's been military pressure and strength from President Trump that's compelled Iran to this deal.

199.134 - 205.284 Mike Hosking

Hasn't been signed as yet, though. Meantime, the Brits have seen their defense secretary, as I mentioned, spectacularly quit because of lack of resource.

Chapter 5: How is the Football World Cup shaping up for New Zealand?

206.025 - 211.073 Mike Hosking

They found resource almost magically to be able to seize one of those Russian tankers in their shadow fleet.

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211.053 - 226.26

We've actually been preparing for operations of this nature for quite some time now. The focus for us was coordinating the assets. There were a number involved, Navy, Agency, Commando Force and surface air assets.

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226.24 - 232.989 Mike Hosking

And Starmer, who as we mentioned is virtually out of a job as the end of this week, has instructed all his flunkies to hit the telly shows over the weekend and spruik defence.

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233.19 - 247.59

Look, the Prime Minister asked the Cabinet just a couple of weeks ago to go and look at our own budgets and see what we could do. We are doing that, we're taking that seriously and obviously I can't pre-empt the defence investment plan.

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247.638 - 259.535 Mike Hosking

The other issue he has, also I mentioned, is the Henry Novak stabbing, which has a lot of people feeling that there's one country for some and for others, which is entirely different, which is where, of course, reform is making hay.

259.555 - 273.274 Barbara Edmonds

I believe that white people are treated more unfairly than non-white people. And we see that in the Equality Act. The Equality Act actually legislates to allow preferential treatment to non-white people.

273.254 - 282.973 Mike Hosking

Now then, the Football Scotland are on top of their table. It's not often you can say that, especially given the pool contains Brazil. 1-0 over Haiti. We can't afford to play like that in the next two games.

Chapter 6: What are the latest updates on Super Rugby finals?

282.993 - 286.7 Mike Hosking

No. We haven't got three points in a World Cup game in a long, long time.

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286.72 - 295.617

Brilliant result at the end, but disappointing in the performance. Top of the group, top of the group. Three points, three points. Top of the group.

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295.9 - 313.265 Mike Hosking

Finally, related matters. Poor old Justin Trudeau's getting piled on this morning after he didn't go to Canada's opening match because he went to the US match because his new girlfriend, Katy Perry, was singing. Sometimes, the support of boyfriend duties call, he said. But you know who I'm rooting for to take the cup, and that went down like a cup of you-know-what.

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313.305 - 330.693 Mike Hosking

Anyway, someone said it's a slap in the face to his country. Why you would get exercise about a guy who's not even a prime minister anymore, like a used politician not going to football, is beyond me. But anyway, that's news of the world at night. The aforementioned UK economy shrank in April 0.1%, not that you can tell it in the streets of Mayfair and Kensington.

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331.294 - 335.057 Mike Hosking

University of Michigan's also found that the Americans are more optimistic, which is surprising.

Chapter 7: How are the Warriors expected to bounce back after losses?

335.398 - 365.081 Mike Hosking

Sentiments up 9% first increase since February. So it's a resilient old story, the American economy, more of which in a moment, 12 past 6. Swiss had a weird vote over the weekend. They were looking at possibility of capping their population at $10 million. So the immigration, once again, is an angst, of course, but that's been voted down. In other words, it's not going to happen in the end.

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365.121 - 379.482 Mike Hosking

It was 55 to 45 in terms of a rejection of the idea. 15 past six. Now from Generate, Greg Smith, morning to you. Morning, Mike. Welcome back. Thank you. What are we buying into? What are we buying with SpaceX? Are we going to Mars?

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Chapter 8: What are the implications of the recent Australian polls?

379.522 - 383.527 Mike Hosking

Do you believe we're going to Mars? What is it I'm giving my money for?

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384.088 - 401.153 Greg Smith

Well, Elon does, doesn't he? He wants everyone to go into space, and everyone wants to colonise Mars and beyond, and that's sort of the big picture. But, yeah, look, in the here and now, I think investors are getting really excited about a space infrastructure company. So what have we got? We've had the biggest IPO in history, and we've had one of the most successful...

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401.133 - 422.009 Greg Smith

days of trading the market has ever seen. So yeah, it went off like one of their Falcon rockets, didn't it? So $135 a share, up 19%, $2.1 trillion. One of the six most valuable companies in the US, bigger than Tesla. He's actually already talking about merging with Tesla to make his life a bit easier. Yeah, I thought it was fascinating what he said to his employees just before the opening bell.

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422.029 - 439.02 Greg Smith

He said that, yeah, SpaceX had at one point at the start less than a 10% chance of surviving in its early years. He actually thought it would go bust. So that was pretty interesting. Obviously, there's some pretty cool pictures of, you know, when he's sitting around one of the rockets that exploded, you know, and he just obviously pressed on. But, yeah...

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439 - 459.48 Greg Smith

The investors were going up like hotcakes, Mike. You know, just 5% of the company's shares are being floated, so no surprise. Demand was extraordinary. There's 500 million shares changed hands. Lots of winners. He's now a trillionaire. That's the world's first. And 4,400 SpaceX employees are now millionaires. I've always, the interesting thing I thought was the alphabet.

459.52 - 476.299 Greg Smith

So Google's parent company, they own nearly 5% of SpaceX. That's worth millions. More than $100 billion. But yeah, what are investors buying? It's 120 times revenue markets. That's pretty pricey. Lots of FOMO going on. But yeah, we're not buying or investors aren't buying what SpaceX is today. It's what it is in the future.

476.339 - 495.183 Greg Smith

And I guess the big thing is if we can get these reusable rockets going, data centers in space. And yeah, lots of things, I suppose, that were going to be science fiction could become science facts. So yeah, we'll just have to see, won't we? But I think the market's effectively decided it's a technology platform that happens to launch rockets. So yeah. Yeah, it could be a similar moment.

495.223 - 503.304 Greg Smith

Google that, organise the world's information, Amazon reinvented retail, investors are basically betting that SpaceX becomes the infrastructure layer for the space economy.

503.344 - 509.76 Mike Hosking

So, let's see. Interesting. Same industry, Rocket Lab are doing, I mean, they're not going to Mars, but they're still doing very nicely, thank you.

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