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Chapter 1: What is the main topic discussed in this episode?
The newsmakers and the personalities. The big names talk to Mike. The Mike Hosking Breakfast with Range Rover Sport. The most dynamic Range Rover Sport ever. On News Talk ZB. Morning and welcome today to Five Eyes warning over AI and bad actors. Interest rates are on their way back down. Good news on our health targets. ACC speaking of health might be saving money the hard way.
Politics Wednesday of course after eight with Mike and Ginny. Richard, Arnold, Steve are in price.
Chapter 2: What are the latest warnings from Five Eyes regarding AI?
They do the honours as well. Hosking. Wednesday already. Hold on.
Chapter 3: How are interest rates expected to change in the near future?
I missed the bin. Seven past six. Now, the question has been asked many times before, and it's been asked again last week, and the listener, if you read the listener, could New Zealand, this was the headline, could New Zealand ever be the Singapore of the South Pacific? The answer, of course, is yes. And no.
Yes, because you or I or any of us can be anything we want to be if we're determined enough. But sadly, it's no, because not enough of us actually want to be better than what we are. It's an odd business. Having been in Singapore a week or so back, it's the same as it always is. Easy, friendly, well-organised. It starts with their national airline, which we happen to be flying on.
I would rate it the best in the world. The government owns it. They've been consistently excellent forever. You then land at the best airport in the world. That's not me.
Chapter 4: Could New Zealand become the Singapore of the South Pacific?
Everyone says so. They win awards every year. So these experiences then lead to the obvious question. Why aren't we all like that? How is it a small island nation of 5 million, and by that I mean Singapore, not New Zealand, can do things so well and others can't? The answer is attitude. Crime is not an issue. Social upheaval. is not an issue. They're technologically advanced. Life is easy.
It's reasonably expensive, but not alarmingly so. There's choice in terms of retail beyond the population size.
Chapter 5: What factors contribute to New Zealand's economic challenges?
I mean, yes, they're a hub, and that helps in things like trade and tourism. You might want to argue their political system could be seen as somewhat repressive. I've never noticed it personally. My brother lived there for years. He loved it. I've visited many times. I love it. There's a culture of service. They want to help. There's a culture of kindness. You can't fake that.
And so after a while, we all end up asking the same question every time, and the question once again the listener poses. Could New Zealand be the Singapore of the South Pacific? Is the cultural divide so wide it's simply not possible? Is our democracy so far removed it simply isn't possible? These are, I guess, reasonable questions to ask.
Or is it simply our lack of wherewithal and attitude to life and hard work that holds us back? In other words, we could, but we just can't be bothered. And if that's true, what's that say about us? News of the world in 90 seconds. Good news on the straight. Ships are moving. Oil is down. Little Marco, he's in the Gulf stitching things up over Lebanon.
You can't have the end of hostilities and conflicts in the region as long as Iranian proxies are launching missiles and drones from Iraq and are participating in terrorism like Hamas did and like Hezbollah did. So I do think it's covered by the MOU. Also stateside, the markets have woken up, decided the whole tech AI chip thing might be a bit overpriced.
It's a bumpy ride. There's no doubt about that. But in some ways, pretty normal for these kind of new stocks. In some ways, what the story seems to be right now is about these memory chip. And that's really what's been dragging the Nasdaq lower today.
We'll get all the numbers from Andrew shortly. Poor old Savannah Guthrie's had to deal with this out of left field ransom note that appears to indicate her mum was killed accidentally.
I wanted to just take the opportunity to ask people, to really to beg people to come forward. Somebody knows something. This is the life that my sister lives, that I live every day. And we are in agony. We cannot be at peace.
Then to Britain where Peter Murrell, former SNP head and Nicola's other half, is off to jail for nicking a lot of party money.
Because of your position of authority, you were able to circumvent the checks and balances that existed. The manner of embezzlement, although not particularly sophisticated... All told, this is a calculated crime of dishonesty.
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Chapter 6: What is the current state of the health system in New Zealand?
So we captured the whole Middle East effect in these numbers. And it wasn't great. The index fell 12.5 points to 83.1. It's the lowest reading for the survey since it began. in 2004. So a memorable outcome for the wrong reasons. And keeping with the other sort of pessimistic outcomes we've had recently, the result was broad-based. We've all got caught up in it.
So this was all before the announcement of the interim agreement, the memorandum of understanding, and the subsequent fall in the price of oil. So let's just roll around in the misery for a little while, shall we?
Looking into the detail, all of the sub-indexes were under pressure, so current conditions, current job opportunities, expected job opportunities, earnings growth and job security, and... Across most regions as well, so Auckland, the Waikato, Gisborne Hawke's Bay, they stood out as lacking in employment confidence. Taranaki, Nelson Marlborough, they were shunning the full extent of the misery.
Just looking at some of these numbers, so job opportunities, a useful leading indicator of near-term employment was the weakest reading since the mid-50s. 2010s, 60% of respondents said it's hard to find a job. But look, in some aspects, Mike, this pain is real. Only 3% of households reported a rise in their earnings over the last year.
That's also knocking on record lows in job security, lowest level since COVID. So look, in all seriousness, Mike, there is clear evidence of potential downside risks in the labour market. And some of the numbers you see in this thing were a little surprising, but I think we need to temper in response with context.
Consumer confidence, employment confidence, they do seem to be heavily influenced by the petrol price and the global uncertainty. What I would say, though, Mike, is it puts us in quite a risky place. So we don't really want right now the people in charge of de-escalating this tension, of concluding the conflict, of getting a sustainable lower oil price. We don't want them to muck it up.
No, we do not.
No, we need this thing to end and we need things to get back to normal. But you are quite right in saying a little bit of it's on us, and we need to maybe give ourselves another cut. Now, the PMIs, see, I notice Australia's an interesting number, isn't it? It is.
So around the world, Mike, one of the important barometers of global economic health are these things called the PMIs that we talk about a lot. To quickly explain, purchasing manager indexes, we get provisional numbers on a monthly basis. These are called the flash PMIs. It doesn't mean they're great. It just means they're quick.
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Chapter 7: How is ACC addressing long-term claims and rehabilitation?
So many niggas coming up. I'm going to help you get on this label. I'm going to help you get this. The Mike Hosking Breakfast Full Show Podcast on iHeartRadio. Powered by Newstalk ZP. Mike, read last night's poll. The Herald's poll of polls is the only one I'm bothering with. The rest is propaganda. Mate, I couldn't agree with you more.
I would argue to the... I've got three key reasons why last night's poll's rubbish. I would now argue that polling is so ropey in this country on an individual basis, the people doing the polling are bordering on wasting their money. But I'll come to the three reasons in a moment. 6.25.
Trending now with Chemist Warehouse. Keeping Kiwis healthy all year round.
Our glorious vistas are back on screen. Brad Pitt's Heart of the Beast we told you about the other day shows a lot of the South Island. Now we've got Taika Waititi's Clara in the Sun. That puts us again in the spotlight. It's based on a book by Nobel Prize winner about artificial friends being picked by children for companionship.
Hello, my name is Clara. I'm an artificial friend.
morning artificial friends good morning story manager i know artificial friends aren't as popular as they used to be but i still firmly believe that all of you older afs have a fighting chance at finding homes glorious son please let today be my day let me find a friend i'm josie Clara, honey, if I'm going to buy you a robot, I'm not going to be spending money on an old, outdated one.
Humans, they ask so much of you. It's all perfect until it's not. Consider this a trial period. You're still under warranty. And I won't hesitate for a second to send you back. You're not the droid we're looking for, honey. Chrissy, I think that we could become really great friends.
Who have we got? Jenna Ortega. Yes, Amy Adams. Whole thing's filmed in Wanaka. Wanaka, as some people insist on calling it these days. Auckland as well. Filmed a couple of years ago, which gives you an indication as to how long it can sometimes take to get to a screen. When will it be at a screen? Theatre's on the 23rd of October.
I agree with you, read the polls, Mike, and you haven't even made your points yet. Exactly. You wait till I make my points. Once I make my points, the whole thing's going to change. We've got a pre-empted agreement there. By the way, the Greens, yet again, I need to get on to the Guinness Book of Records. Are the Greens setting the record for the biggest number of cock-ups?
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Chapter 8: What impact does the Iran conflict have on global markets?
There are too many polls and too many people are wasting too much of their money. So here's why last night's poll doesn't work and it's not real. Labour's down five points. Do you believe that a major party who's done essentially nothing is down five points? No, they haven't fallen five points the same way they don't go up five points.
My assumption is that they were never as high as they were reported to be. Therefore, this probably reflects a more realistic number. So, in other words, they never dropped 5% because they never had 5% to lose in the first place. The critical part that's wrong about the poll last night is the assumption that the Maori Party gets six. Now, you can't have it both ways.
Any pollster will tell you a poll is a snapshot in time. Now, the snapshot in time is based on the mood. I ask you a question, who would you vote for today? That's the snapshot. But the poll doesn't do a snapshot on the Maori Party. The snapshot on the Maori Party is 1.8 percent. But then they assume that the Maori Party holds six seats. You can't assume and have a snapshot.
They're two completely different things. And therefore, the poll is null and void at that point. And of course, the six points gets the centre left block over the edge. So no one believes that the Maori Party are going to win all six electorates or seven as it is now. So therefore, that's point. Now, then top gets interesting. Do you believe that top is at 4.something?
I'm open to the idea it could be, and I'm open to the idea it could be based on the fact that there's always a group of people in an election year, in an election campaign, that wander around going, you know what, I'm a bit sick of Labour, a bit sick of National, a bit sick of the mainstream, I might vote for something a little bit different.
Top represents a modest, middle-of-the-road-ish type option. So at this point in the electoral cycle, 4.something percent... is not bad. What they need and what will change the whole scenario and make me wrong, because I'm telling you top won't make 5%, but if I'm wrong, what needs to happen now is top needs to be in the next half dozen to 10 polls above five.
If they get above five in enough polls, the psychology changes because the people who think they might vote top then go, that's real. I'm on board. It becomes a thing. So watch that. But as for Labour going down five and you're assuming something when you're looking at a snapshot, that's why that poll doesn't work. Five minutes away from seven. All the ins and the outs. It's the biz.
With Business Fibre, take your business productivity to the next level. More job stuff. Employee survey. This is from Randstad. Looking at our quote-unquote uncertain job market and what we are as employees looking for. Recalibrating risk. That's what we're doing at the moment.
How many times have you stood next to the water cooler in the cafeteria going, I'll tell you what I'm doing at the moment. I'm recalibrating risk. whatever the hell that means. 60% of us say that reliable pay and benefits are the leading driver of job security. I don't think that's ever been any different, has it? I mean, you want to get paid and you want to know you're not about to get sacked.
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