Chapter 1: What is the main topic discussed in this episode?
Tough on power, sharp on insight. The Mike Hosking Breakfast. With Aveda Retirement Communities. Life your way.
News Talks at B. Morning and welcome. Social housing rejig. Good month for our exports. We're rolling, baby, so we'll crunch those numbers. Good news from Pharmac.
Chapter 2: What are the recent changes in social housing policy?
Good news on charter schools. This week with Tim and Katie.
Chapter 3: How are New Zealand's exports performing recently?
Richard Arnold and Murray Olds, they drop in as well. Friday morning, welcome to it, seven past six. I've got another lesson for our Labour Party if they want to ponder it. Australian Labour has blown their budget. It is hard to overstate the anger and pushback on their tax changes made well over a week ago now. See, budgets and the news cycle sort of come and go. This was different.
It was billed as generational. It was seen as transformational. It was seen as Albanese having to spend a decent chunk of political capital, given his tax treatment was based on a lie. He said in the election campaign of last year he would not touch tax. Twelve months on, he went back on his word. The twist being the blowback came and it hasn't stopped coming.
And somewhere in the last couple of days, the concern, followed fairly quickly by panic, started to set in at government level. The anger has not been driven. by the rich old coalition blokes whose myriad of investments would end up being taxed more.
No, it's been driven by young Australians who buy shares to save for their retirement, young Australians who start businesses to set up a decent life for themselves and their families, people the Labour government never saw coming. What it shows, and it's an encouraging sign, I think, and one I suspect is as relevant here as it is there,
Chapter 4: What impact does the Australian budget blowback have on New Zealand?
And that's what Albanese's had a crack at. Why take a risk in starting a business if all there is at the end of it is Jim Chalmers and his tax department looking to extract ever larger amounts of your hard-earned? And that's what Labour want to do here. It's always about more taxes, and it's never about more success or larger growth or a bigger pie. Got an issue? Short of dough? Tax somebody.
Well, middle Australia isn't interested, and they've been out in force this week showing it. Maybe Elbow knew that. Maybe that's why he lied to get into power in the first place, so he could do what he's done. And if that's true... then Hipkin's and Co. 's in real trouble because he hasn't lied. Of course, he's told us this is coming. And if we are like Australia, it is not going down well.
News of the world in 90 seconds.
Let's start in Cuba, where Raul, of course, as we told you yesterday, is in trouble and the island's got to be close to being taken over now. They've sent little Marco on the job.
Cuba's consistently posed a threat to the national security of the United States. And the other thing that poses a threat to the national security of the United States is to have a failed state 90 miles from our shores run by friends of our adversaries.
Now, as Boss has sent back the latest on the Iran deal, oil's up a bit this morning because Iran want to hold on to the uranium at their place. Trump can do sanctions, but not until we've got pen and paper.
I'm not doing any relief until they sign an agreement. When they sign an agreement... We didn't get that place built up again and have something that's really a good country for the people. But no, we haven't offered any.
Europe, bad day for Airbus. Paris Appeals Court blames them for the 2009 AF447 Rio to Paris crash.
If they are liable in all of this, it's as a result of a campaign by, you know, by families. And it looks as if for all this time they've been trying to wriggle out of their responsibility. That's not a good look. As I say, it's not over yet.
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Chapter 5: What are the latest developments in the A-League Grand Final?
FTSE 100 up 0.1%, 10443. Nikkei had a great day, up 3.1% in Japan, 61684. ASX 200, that was up 1.5%, ASX21. NZX50, we had a good session, up 0.9%, 12,878. So Infratool, talking of data, seeing it's up 4%. Contact down 6%. Obviously, Infratool selling down a bit there. Currencies, Kiwi against the US, 58.8, up a little bit. $8, 82.1, pretty flat. Against the British pound, Kiwi's 43.8, up 0.2%.
We're up 0.3% against the Japanese yen, 93.5%. Gold up $4.50, 4, 5, 4, 9. Everyone wants to know what's going on with oil. It is down $2.50 when we look at Brent, 102 spot 51 on optimism around peace.
You have a great weekend, mate. Greg Smith out of Generate, and they are wealth and KiwiSaver specialists. Safety Pharmaceuticals, which is our biggest producer, biggest drug maker in the country. Maxagesic and all that sort of stuff. They've done very nicely. Net profit is up. Total revenue is up. Underlying profit is up. Can't argue with it. Diversifying in their markets are like that.
Argosy, they're into property. Industrial property, they've had a good result as well. Industrial assets are good for them. Most of the stuff is rented. Rent reviews delivering 3.5% increase. They're shifting their portfolio to the newer, greener buildings. So they're looking forward to the weekend as well. So congrats to them.
6.21 here at Newstalk ZB.
Starmer will be happy. Net migration in Britain has dropped to 171,000, so it's almost half what it was a couple of years ago. He promised to do something about it, so slowly it seems to be working. OpenAI, by the way, speaking of the market and all the other big business, confidentially filed their IPO perspective, possibly today or tomorrow.
And the question is your OpenAI, Anthropic, SpaceX, NVIDIA, is there any money left for anything else? I mean, by the time you pile into those things, what's left? Very bad news out of Australia. We'll talk to Murray about it later. 4.5 from 4.3. What am I talking about? Unemployment rate, highest unemployment rate since November of 2021. 18 employment fell by 18,600.
Full-time jobs are down 10,000. So if you're thinking of going to the big green, big red land to the left of us, don't worry about it. Things aren't that flash in Australia. But anyway, Murray's later. 6.25. Trending now with Chemist Warehouse. May mayhem sail on now. Now Netflix has decided to jump on the old Michael Jackson train. So this biopic, Katie loved it. I think Katie loved it.
Did Katie love it? Katie thought it was quite good and our youngest daughter thought it was absolutely sensational. Sensational seems to be the review. Everyone who sees it thinks it's fantastic. But it's in theatres and I don't go to theatres so I haven't seen it obviously. Anyway, none of it touches on the legal stuff. And everyone goes, why doesn't it touch on the legal stuff?
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Chapter 6: What are the challenges facing Amazon account holders?
Strong lift in performance. Revenue's up 5%. Good, good, good. Second half particularly strong, up 6.2. Good. Active. How many people? How many customers they got? 57,100. That's a lot of meals, eh? Margins are good. Profit's good. It's all good. 6.45. International Correspondence with NZI Insurance. Peace of mind for New Zealand business. America, Richard Arnold, morning to you.
Good morning, Mike. How's that victimisation fund going, eh? Well, yeah, there's a Republican backlash to this and several other issues, starting with the $1.8 billion fund, which could be used to pay out some of the January the 6th rioters who attacked the US Capitol. According to the fellow who's pushing this, Todd Blanche, the former...
criminal lawyer for trump now acting attorney general a couple of police officers who defended the against the mob have filed a lawsuit today claiming their slush fund is illegal and dangerous nine people died in connection with the riot and some 174 people were injured one of those bringing this lawsuit is daniel hodges a dc police officer who repeatedly was assaulted and crushed in a door frame here is part of a recording of that oh
Yeah, just a little reminder of what Trump later called a, quote, day of love and described those who took part as, quote, great people. Then he pardoned them and now he's acting AG. Says anyone, even those who rioted, can apply for compensation from this Justice Department fund. Hodges and Harry Dunn, a former Capitol Police officer, argue...
It sends that if you commit violence in Donald Trump's name, that you will be protected legally, you will be rewarded financially.
One of those lining up to apply for the taxpayer-funded cash is Brandon Fellows, who broke into the Capitol and was pardoned by Trump with all the others.
The number I've put in is $30 million. You know, $21.5 million is for the wrongful imprisonment.
30 million bucks he wants, your tax money at work. Another lining up is Rachel Powell. She says... We endured a lot. Our lives are still not the same. Poor baby. She used a battering ram to help break into the Capitol. Jake Lang is another.
He was wielding a bat against police, but argues his actions were justified as self-defense because he believed the 2020 election was stolen, as Trump asserted. His phone message now runs, quote, Jake Lang's office, America's newest billionaire.
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Chapter 7: What are the implications of the recent unemployment rate changes in Australia?
The numbers are excellent. Kiwifruit, $9. I mean, this story's starting out to, well, it's starting to outshine dairy. I mean, not in numbers yet, but in terms of growth. At almost $6 billion and booming. This is mana from the vines. Add it to dairy and we're literally laughing. Then you've got the exports we were just talking about with Nathan. Air New Zealand, $6. Yes.
Given all the noise, three new routes. Three new routes out of Christchurch. That's where you need to be heading. More, please. Warriors, eight. Warriors, eight. The Broncos, once a bogey team, now even Cronk and Jones get it.
I feel like this could be their year, the Warriors.
I feel like this could be their year. Public service cut, six. No, it is not fun restructuring, and it's less fun than losing a job. Been there, done that. But an adult called by an adult government in really hard times, see, you wouldn't know it's election year, and that's actually how it should be. Scottish food price caps. One. This has got no coverage in this country. It's communism.
That's what happens when rabbits get hold of the joint. Chris Hipkins, two. He's a coward. This has been, far and away, his worst week of the year. Mystery policy detail and the arrogance to say we aren't interested in detail anyway. He is National's election year dream come true. The Australian budget blowback four. Follow this. The anger is palpable.
The government has been completely taken by surprise. And it's driven by young voters. Young voters who buy shares because they want to get ahead in life, not hammered down and taxed into extinction by socialists. Trump, four. Is that a correct statement, by the way? We still don't have a deal, but we have a slush fund. He looks increasingly tawdry. But ask Massey. Just as influential.
Google smart glasses, four. Because they were a bad idea the first time they got launched. They'd look the same this time around. SpaceX, OpenAI, NVIDIA, nine. They are the kings of a new world. The debate between no limits and a bubble. That's the debate of the age. Which side are you on, eh? ZB, eight. ZB, eight. Guess who's popular? Ratings Day yesterday, Party Day.
The audience is up and on some shows. on some shows a lot. So we thank you and appreciate you as always from the bottom of our hearts. And that's the week copies on the website. And due to popular demand, by the way, we've adjusted the marking the week obligations to the treaty by 17 degrees. Mike, please explain your theory concerning GLP-1s and protein intake. Well, I can very quickly.
When you take the GLP-1s, part of the deal is you've got to exercise, you've got to get fit. And from experience I've seen, and it's growing numbers, huge numbers in this country, what happens when you get fit, you get healthy. When you get healthy, you feel good about yourself. When you feel good about yourself, you stop eating crap.
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Chapter 8: How does the government's approach to charter schools compare to public schools?
And so as a result, those startup components are actually lower for charters than for state schools. And I hope that if we keep just releasing hard data like this, we might even win over the union somehow. Well, exactly. You can't argue with the numbers. Anyway, I appreciate your time. You have a good weekend.
David Seymour, who's Associate Minister of Health, and that is embargoed to later on today. But anyway, it's too interesting to adhere to that particular rule. So the average student, let me give you the numbers. The average state primary student is $8,762. The charter number is $8,200. So 8-7 versus 8-2. At secondary, it's $11,000 per student. State secondary, $11,000. Charter, it's $10,700.
And for the actual school, a primary school, would receive $401,000, but the state equivalent, $600,000. A secondary school, a charter school gets $478,000, a state $951,000. So it's all of the argument from the unions that, yes, we could do just as well in the state sector if only we got all the money that charter schools got, is not, has not, and has never been true. It's cheaper to do it.
And all the people who support charter schools, and I'm one of them, all they've ever asked for is choice. And what's wrong with choice? Especially if you save money.
16-2.
We're at 13 minutes away from 8. So interesting in the house yesterday, Julianne Genter was having a go at Chris Bishop. This was Question Time about the walk with her to Hana Road. And of course, you all know that Julianne Genter hates roads and she only likes bikes and cycle lanes and stuff like that. Am I the only one in the Wellington waterfront, you know, your new cycle lane to work?
It looks beautiful. And I was reading yesterday, I mean, it cost an absolute fortune because it's next to the water. And most of the money's gone into sort of making it safe, which one wonders whether, I mean, I suppose the topography of Wellington, there's nothing you can do about it. But I mean, it's just honestly... Surely it could have been done some other way. Anyway, Walkworth to Tehana.
So she's banging on about that. And this is the extension to the big state highway, one extension they opened a couple of years ago, which is a godsend and a game changer. Walkworth to Tehana is part of the business of opening up the Northland economy. And the sooner that's done, the better. Anyway, she was banging on and falling over herself. Listen, listen to this. Listen to Jerry Brownlee.
This is the funny part.
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