The Mike Hosking Breakfast

New Zealand's netball ecosystem is breathing a sigh of relief after confirmation of a privatised domestic league for next season and beyond.
Rich-lister couple Anna Mowbray and Ali Williams are set to take the licence for the competition and its teams via an initial agreement with the sport's national body.
Former Silver Fern Marg Foster told Ryan Bridge this is a really good thing, but they can't just rely on philanthropy.
She says there's a lot of things they'll need to be able to get out of this deal, such as making it commercially attractive so investors can get a genuine return.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.

Another OCR hike is widely expected today and the Reserve Bank could signal more are coming.
It announces its decision at 2pm, with the Official Cash Rate expected to rise from 2.5%.
Economists are picking one or two further hikes.
Westpac Chief Economist Kelly Eckhold told Ryan Bridge the Reserve Bank's view has shifted sharply since the start of the year.
He says they're pretty locked in for 3% between now and Christmas.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.

I think Nicola Willis may be right when she suggested to us the other day Chris Hipkins might not be very numerate.
He is undoing himself in front of us. As he does, he reminds us why he has basically done as little as possible these past few years, because when he does he is either in office blowing the place up, or putting out policy in Opposition that makes literally no sense.
He has blocked petrol excise increases for three years.
The bill for that is $4.6 billion. He said yesterday he didn’t think that number was right, even though it is. He had an idea what the number was but wouldn’t say.
Cool policy.
By the end of the day, he wasn’t ruling out borrowing it. Now, you can't borrow it because in another policy he told us we were returning to surplus by 2028/29. You can't run a surplus as you borrow more.
Do you think he realises this?
Then we get to the pay equity bit, which they haven't told us how they are paying for. That’s $12 billion.
So $16 billion and counting and all paid for by a capital gains tax that, so far, will produce exactly nothing given housing is flat. And even if it wasn’t, it takes years to fire up.
Oh, and the capitals gains is already paying for free doctors visits we don’t need, or mainly, want.
To try and come to his defence, is there $4.5 billion worth of stuff you can cancel and cover the excise hole? That's a lot of money on something that gets cancelled and given we are already running things tight, because we have no money, you inevitably come back to the borrowing bit he mentioned late yesterday.
I cannot overstate the danger of more debt. In the next couple of years, the world is going to go through another financial crisis, driven by debt and overcapped nonsense around chips and AI.
You do not want to be a small economy at the bottom of the world in a sea of debt reliant on people bailing you out. It is literally the path to ruin.
We already pay $9 billion a year interest on our debt and people like Fitch have warned us our credit rating is on watch.
Yet Hipkins has diametrically opposed policies that get us to surplus and have us borrowing more, all at the same time.
It's all embarrassingly amateurish, short-sighted and dangerous.
I cannot overstate the idiocy if you think any of this is a path forward.
See omnystudio.com/listener for privacy information.

Mark Mitchell and Ginny Andersen are back on Politics Wednesday to delve into the biggest stories of the week thus far with Mike Hosking.
They discussed delays to fuel tax hike and state of the Land Transport Fund, where Labour would get the money to fund its policies, and the latest Roy Morgan poll.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.

Chinese car brands are winning the hearts and wallets of New Zealanders.
Motor Trade Association August data shows total light vehicle registrations rose 7.6% on the same time last year.
New vehicles represented 58 percent of sales, with hybrids the most popular fuel type.
The data highlights BYD, Chery, Jaecoo, and GWM recorded significant gains, helping Chinese brands increase their share of new vehicle sales to 18.7%.
Motor Trade Association CEO Lee Marshall told Mike Hosking they seem to have the right product at the right price at the right time.
Based on the numbers, he says there's no doubt that's talking to people.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.