Chapter 1: What is the main topic discussed in this episode?
Opinionated. Informed. Unapologetic. The Mike Hosking Breakfast. With Range Rover Sport SV. The ultimate performance SUV. Newstalk ZV.
Good morning and welcome to David Trade Minister's after sign there to Indian FTA. We've got four billion and counting into the economy from the Golden Visa Program. Joseph Moody, allegedly one of the famous five, or the furious five, or whatever five you want to call them, is stopping by to give me an earful.
Chapter 2: What is the significance of the India Free Trade Agreement for New Zealand?
Barry Soper's written an awesome book on all the PMs he's dealt with over the years. Joe McKenna's in Rome. Rod Little is in Great Britain.
Chapter 3: How does the Active Investor Plus visa impact New Zealand's economy?
So we're off and running for a Thursday morning, seven past six. Very poor example, actually, of welfarism has come to our attention this week from Business New Zealand. They want cheap loans from the government so their members can transition from gas to something else. They called it a rare plea, as well they might, given they're called Business New Zealand, not Welfare New Zealand.
Chapter 4: What led to Joseph Mooney's withdrawal from the interview?
See, this country is already besieged with those who love a handout, and we've all been reminded of such as of the start of Epic Fury. Now, I'm not sure whether the percentage of the New Zealand population has always been large when it comes to someone else paying for your life or whether we developed a taste for it during COVID and the Robertson adorned years of largesse. But Epic Fury.
Wasn't too many days into the bombing before calls from all sides came for food and clothes and, of course, cheap petrol. Just yesterday, the Herald managed to find a group who claim they couldn't afford the petrol to get to the free food at the charity outlet. So sort of a supply chain crunch for freebies.
Chapter 5: What insights does Barry Soper provide about his political career?
Business New Zealand's argument is predicated on the idea gas is running out and running out faster than we thought. Small reminder, this news isn't new news. We've known this for years. They go on to say the situation was created by the political decision to ban oil and gas. That's mainly but not entirely true. We were running low anyway. Poor old Jacinda and her captain's call didn't help.
But the point is, the red flags have been flying for a while now. Of all the people... who should know nothing is free, it's business as represented by Business New Zealand. Someone always pays. If the government ran a surplus, I guess they could use their credit facility as a major borrower to slip some cheapest money businesses' way. Maybe. But we are pretty much broke.
Chapter 6: How is the New Zealand economy adapting to current challenges?
We on an annualised and year-in-year-out basis have less than no money. We spend each head every year more than we make. Sad but simple truth. From charities to do-gooders and the left-leaning economic illiterates, I get it. It's a habit.
But from business New Zealand, when the people who make the money and provide the jobs want handouts, we look awfully third world and probably need some night classes on Economics 101.
News of the world in 90 seconds.
Right, ceasefire update. Iran claims they've grabbed a couple of ships. The owners have won. The Greeks say that's bollocks. Meantime, are they talking?
Chapter 7: What are the implications of Business New Zealand's recent plea?
Trump says he is waiting for concrete proposals from Tehran. Tehran says he is delusional. And the fact that J.D. Vance and other negotiators are still here in the United States and not in Islamabad tends to support Iran's version of events.
In Iran itself, the ceasefire is a relief, but the info is in short supply.
This fluctuation has occurred many times, has made me really sick and tired. We really don't know who's in charge in Turban. We are just curious to know who is deciding over our destiny.
Who can blame them? Related matters, Lufthansa's cut a whole bunch of summer flights overnight, mainly short haul to tiny places you've never heard of, but fuel is an issue.
Many people's holidays will be affected either because of flight cancellations or very, very expensive tickets. What we're trying to do is... Do as much as we can to prevent that that happens. But even if we do everything we can, if the jet fuel is not there, it's not there.
And in Britain, costs are mounting.
You've got electricity alone, which is roughly 30% higher than what we originally forecasted. We've got gas, which is nearly 60% higher than what was originally forecasted at the beginning of the year.
And then also in Britain, would it surprise you to learn the PM's still running his old it's not my fault lines?
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Chapter 8: How are global events affecting local markets and trade?
Sir Ollie Robbins was asked if he shared that decision with me, number 10, or any other ministers. He gave a clear answer, no. Mr. Speaker, that puts to bed all the allegations levelled at me by those opposite in relation to the sovereignty. Well, it doesn't put it to bed, Kim, he doesn't think so.
This was not due process. Everyone knows the price of misleading the House. Will the Prime Minister finally take responsibility and go? Yes!
Making it worse, Starmer also had to admit he did ask for a nice job for his old mate Doyle, who in the end hung out with the wrong people and got the whip suspended. If none of that makes sense to you, don't worry. Rod's all over it later on in the programme. For now, though, news of the world at 90. After Starmer's worries, he got the Trumpflation figure in.
Because they do inflation monthly, they're starting to see epic fury. 3.3% is what the overnight number came in in Britain inflation-wise. 11 past 6. The Mike Hosking Breakfast full show podcast on iHeartRadio, powered by Newstalk ZB. Tell you who's doing well at the moment. Japan exports rose for the seventh straight month. Global demand solid, rising prices up 11.7% year on year for March.
So we'll take that, won't we? 14 past six. Insurance partners, Andrew Kelleher, good morning. Hi, Mike. Now, this is interesting. Cochlear, as in what? Hearing aids? Yep. And they're in trouble. What's happened here? Well, we don't see this sort of thing very often, Mike. This is almost a black swan type event, really.
And Mike, for a lot of investors, and why this is important, if we talk about the home market in New Zealand, the home market doesn't just include the New Zealand Stock Exchange now because it's so small. Investors tend to look at the Australian and New Zealand market as a sort of home market and global equities outside of that. So yesterday, all eyes on the Australian exchange because what...
Well, what's considered to be one of Australia's blue chip companies had a day that for all the wrong reasons will probably go down as one to be remembered for a long time. And in case people haven't heard of it, Cochlear, it's a big Australian sort of health company specializes in medical devices, but a world leader in implantable hearing devices.
So very much a global player, very dominant in that market. Now, the shares fell over 4%.
40 yesterday so this is that is you're not hearing that wrong 40 after the company issued a material profit downgrade so look look mike the share price of this company had been under pressure uh within the last year the share price has been over it was over at one stage 300 aussie dollars it had fallen before this debacle to circa 170 um australian dollars and performance have been poor so that but that was due to sort of slowing sales and profits but management informed the market yesterday
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