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The Mike Hosking Breakfast

Full Show Podcast: 20 April 2026

19 Apr 2026

Transcription

Chapter 1: What are the latest updates on the political landscape in New Zealand?

0.166 - 22.09 Mike Hosking

Your trusted home for news, sport, entertainment, opinion and Mike. The Mike Hosking Breakfast with Range Rover Sport SV, the ultimate performance SUV. News Talks at B. Welcome. Today is Epic Fury about to get wrapped in a deal. The Prime Minister on being hunted and hounded. The lads in the commentary box, Richard Arnold, Steve Price, will enhance proceedings as well.

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22.863 - 37.069 Mike Hosking

Welcome to the brand new week. Seven past six. So two big victories. One to the American president. Seems round two of the talks tomorrow don't involve a lot. There may well be a bit more bluster, a bit more back and forward, a few more claims and counterclaims. But all I'm hearing is Iran shot. A revolution might well be brewing.

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37.089 - 42.88 Mike Hosking

The leadership, such as it is, can no longer electronically communicate with each other because the war was run on Palantir.

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Chapter 2: How is the current inflation affecting fuel prices?

42.86 - 56.897 Mike Hosking

And open AI, when you try and communicate, the Americans and Israelis can take you out. So all in all, it looks like a major victory. Nuclear material is collected. The Strait will eventually open. It's largely over, so something to deal with as the week unfolds, I guess. Oh, and also the Warriors won.

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57.338 - 74.299 Mike Hosking

Sort of like the war, you expected the result, but it didn't end up looking like you thought it would. 28-20 is not how it should have been. I mean, game of two halves is often used, but kind of applicable here. The 20 came in the second half in a way it should not have been. Our first half was so good, it was over.

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74.66 - 88.241 Mike Hosking

There was never a chance we were going to lose the game, but the great teams look for the areas that might have been a bit different, and our second half most definitely should have been a bit different. Could it be psychological? I mean, Slade Griffin last week on the program told us attitude can sometimes be a thing.

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88.642 - 97.656 Mike Hosking

When the top of the table plays the bottom of the table and you run up a bunch of points in the first 40, is that where something in the head switches a bit, and even if you don't go to sleep, you relax?

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Chapter 3: What challenges are being faced in the NRL season?

97.636 - 110.418 Mike Hosking

And before you know it, they've put 20 on you. That's the NRL, though, I suppose, isn't it? Even though the Titans are at the bottom of the field, all sides on their day can surprise if not damage you. But the result is the result. The win is the win, and we march merrily on.

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110.438 - 131.332 Mike Hosking

The upside is the Dolphins are next, and they're sort of like the Titans at the wrong end of the table and ripe for the picking. So if we win this coming week... Having learned from this last week, we can produce the sort of victories we've become accustomed to this season. Big, fat thrashings. Continual improvement never gets old, eh? Top four, all the way. No excuses. This is our year.

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131.352 - 131.693

This is our year!

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135.453 - 137.957 Mike Hosking

News of the world in 90 seconds.

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Chapter 4: What insights does the guest provide on international relations?

137.977 - 157.372 Mike Hosking

Right, we're off to Pakistan tomorrow for round two of what increasingly looks like epic furies in the game, but not before another round of Beck and Ford. We're offering a very fair and reasonable deal, and I hope they take it, because if they don't, the United States is going to knock out every single power plant and every single bridge in Iran. No more Mr Nice Guy.

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157.492 - 178.707 Mike Hosking

The Iranians are into a bit of verbal... They did not fully uphold the ceasefire. That was part of their tactics. But we stood firm, and in the end, they accepted. For this purpose, we closed the Strait of Hormuz, and we were able to impose our will and our demands. JD's leading the gang again. Back home, the Energy Secretary rolled out for some pre-show hype.

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178.687 - 197.295 Mike Hosking

I think the president's using every way he can to get leverage over the regime to bring this conflict to an end. He's a creative negotiator, he uses pressure in different ways, he uses uncertainty in different ways. Then in Britain, Starmer once again fighting for his political life. No one believes he didn't know Mandelson failed the security check.

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197.315 - 201.201 Steve Price

This was his appointment and he's got to take responsibility for it.

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Chapter 5: How is the government addressing the Treaty of Waitangi principles?

201.181 - 209.49 Steve Price

I find it very difficult to believe that nobody took the Prime Minister aside and said, so you know, sir, there are some very serious concerns here.

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209.79 - 211.753 Mike Hosking

Ministers have all been told to say the same thing.

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212.153 - 227.61 Unknown

I think it was wrong not to tell the Prime Minister or the Foreign Secretary that UK security vetting advised against the appointment and that the Foreign Office took a different view.

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227.59 - 230.736 Mike Hosking

Lib Dems pretty much like everyone else, no sleaze when they see it.

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230.756 - 244.823 Steve Price

I think he's a vast improvement on people like Boris Johnson, but that's a very low bar, isn't it? I think he came into office saying he was going to put all that chaos and crisis behind. There weren't going to be the sleaze and the scandals.

244.803 - 265.77 Mike Hosking

Mm-hmm. Finally this week, they're marking what would have been the 100th birthday of Queen Elizabeth. There will be events to mark the date, and we've got a charity. It is the Queen Elizabeth Trust. It's been set up to focus on restoring shared spaces and communities. It'll develop and transform underused buildings and green spaces and ensure communities have support to host local events.

266.07 - 268.093 Mike Hosking

Isn't it lovely? It's News of the World in 90.

Chapter 6: What recent events are impacting the Australian political climate?

268.158 - 283.501 Mike Hosking

Yes, so J.D. 's on his way to Pakistan. And more good news for the president. I told you this last week. I can't remember what I told you because it's so damn confusing. The underground bit of the ballroom in Washington was banned or could have been the overground bit of the ballroom. Anyway, it doesn't really matter now because they went to the appeal court and the U.S.

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283.521 - 296.14 Mike Hosking

Court of Appeals for the District of Columbia have granted an administrative stay so the ballroom can carry on for now. It is 12 past 6.

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297.942 - 304.307 Greg Smith

The Mike Hosking Breakfast full show podcast on iHeartRadio. Powered by Newstalk ZB.

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305.992 - 322.112 Mike Hosking

Now, they're voting in Bulgaria, and unlike Hungary, looks like it's going towards Russia. A guy called Radev was the president, quit to run in this particular poll. He's hot in the polls at 35%. The nearest they've got to him is 12%, 13%, something like that.

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Chapter 7: What are the implications of the latest polls on party performance?

322.533 - 342.715 Mike Hosking

Former fighter pilot, opposes military support for Ukraine, and loves Russia. So he's the clear frontrunner, so we'll see how that goes. 15 past 6. November. Regenerate, Greg Smith. Morning to you. Morning to you, Mike. Right, so we're, well, I mean, we're spending it all on petrol, aren't we, basically? I mean, whatever we spend, it's all going on the gas.

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343.083 - 368.553 Unknown

We sure are, so no surprise the standout in the select price indices, the monthly read on key components of inflation, it is fuel. So in March, petrol prices up 18.6%, and diesel weight for it, 42.6%. So they're the largest monthly increases on record. Of course, it's linked to the Middle East conflict. It does follow declines earlier in the year, so it has been a sharp and sudden reversal.

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368.753 - 371.436 Unknown

Annual basis, fuel costs also rising.

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Chapter 8: How are the supercars performing in the recent races?

371.416 - 389.155 Unknown

significantly higher. Petrol up 13.9%. Diesel up nearly 37%. Didn't know it was driving around. Prices obviously have come down a little bit in recent days at stations, but we'll have to see where that goes this week, as you know, with the straight. Just elsewhere, food prices, they're still on the rise, up 3.4%. But

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389.135 - 416.593 Unknown

not as high as they were that was after a 4.5 rise in february so food prices around about 18.5 percent of the cpi was a monthly relief uh food prices down 0.6 percent in march uh we're getting our fruit and veggies cheaper evidently uh and still ongoing pressure though and meat poultry fish they're up 7.3 annually and restaurant meals ready to eat food up 2.8 percent so pockets inflation um yeah coming down in places might but still persistent

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416.573 - 439.295 Unknown

and a lot a lot of areas so electricity that's up over 13 annually gas nearly 12 but yes it's a monthly easy in places so we'll see what the full inflation numbers are this week uh expectations that on an annual basis we can ease from 3.1 to 2.9 okay so those are the prices what about the spending Yeah, it's having an impact on spending.

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439.375 - 462.932 Unknown

So if we look at the card spending in March, it was up 1.3%, up $124 million. But yeah, before we get too excited about consumers opening their wallets, it is fuel which is the driver. So spend there up $81 million, 17.3%. As prices surge, so it's inflation, not stronger demand. You strip that out, look at the core retail spending, that actually slipped 0.1%.

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462.912 - 478.71 Unknown

So consumers going back into their shelves a little bit. Consumables, that was up 1%. Durables up 1.2%. So spending on essentials, but look at that discretionary spend. That was down. Apparel down 4.2%. Hospitality down 2.4%.

478.69 - 503.432 Unknown

14 that's around 37 million lower as well in total we made 120 182 million transactions we spent about 10 billion dollars uh so there's still activity there but a lot of it is on fuel look at on the quarterly basis we're up around one percent but yeah mike high fuel costs are squeezing budgets obviously taking money away from discretionary expenditures so uh yeah it all depends on where this conflict is going to go yeah indeed

503.412 - 508.778 Mike Hosking

What happened to Netflix? Because the numbers look good and they don't like read-leaving, because the market didn't react well.

509.418 - 532.888 Unknown

Yeah, that's right. So again, at the headline basis, things look pretty good. Revenue's up 16% year-on-year, $12.25 billion. Earnings nearly doubled, but they've got a big kicker from the termination fee for the Warner Bros. Discovery deal falling through, so $2.8 billion. Underlying performance, solid, but not as solid as investors were expecting. So that was up 18%.

532.928 - 550.48 Unknown

Their shares actually down almost 10%, roughly flat over the past year. Guidance was weak and expected as well. They still expect a double-digit revenue growth, but investors were looking for more. And as you mentioned, major leadership shifts. So co-founder Reed Hastings, he's stepping down from the board after nearly 30 years.

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