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At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all.
Donald Trump: 1/10
Complete and utter chaotic clown. You donât treat the world economy like this.
Clowns: 2/10
In order: Scott Bessent, Howard Lutnick, Pete Hegseth, and Karoline Leavitt.
The IRD: 6/10
Collected close to a billion dollars in unpaid tax, simply by looking â quite a good concept!
Paul Goldsmith: 6/10
Is it ingenious or worrying when you're asking the Mike Hosking Breakfast for policy ideas?
Wool: 8/10
Wool deserves a break. In pure economic terms I'm not sure this is on the Government to spin the line, far less the yarn. But it's Winston's baby and he's 80-years-old today so, why not?
Andrew Little: 6/10
Is he the answer for Wellington, or a retired politician looking for work?
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Is it gall, is it cheek, or is it comedic?
The Waitangi Tribunal has been reviewed, and the review recommends it needs more people and more money.
It is strained, says the review. They are of course technically correct. It is strained because the Waitangi Tribunal is busy.
It is busy with âurgentâ, and we use that word loosely, numbers of gripes and grievances around the general state and status of MÄori, or more accurately, a small selection of MÄori who have seen for years and decades now the Tribunal as an almost endless source of respite in their never-ending list of grievances.
This is a classic make-work programme.
Puff your chest out, inflate your sense of self-importance, busy yourself with a myriad of invented tasks and then in the review, guess what? You are overworked and under-resourced.
The Government is going to do something about all this and, unfortunately for people like me, they are not moving nearly fast enough.
As we have said a number of times, the Tribunal is well past its useful life.
The idea that it addressed historic wrongs has come and gone.
Deadlines should have been placed years ago on those wanting to argue their case, with expiry dates on applications and negotiations.
All Governments have failed miserably to this point on the discipline required in that area.
But now it's down to ongoing dabbling in matters of the day that carry no weight and have a growing amount of political agitation about them.
It's simply a jacked-up, grievance mechanism funded by the taxpayer to supply ammo to the gravy-trainers for an ongoing, if not neverending, list of woe.
It takes gall in a broke country with cutbacks all around you to then go and ask for yet more resource.
But then thatâs the Tribunal isn't it? Political, wasteful, past its use-by-date and clearly arrogant.
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On the Mike Hosking Breakfast Full Show Podcast for Friday 11th of April, the Treaty Principles Bill is dead, so where does David Seymour go now?
And we need to look at how the USâ 145% tariffs on China will impact us.
Tim Wilson and Kate Hawkesby discuss whether Mike would be the perfect host of the Chase as four episodes are being filmed in New Zealand.
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New Zealand is finally getting its own version of popular British television quiz show The Chase.
TVNZ has commissioned a four-episode special of The Chase New Zealand to be filmed in Sydney, Australia.
The Host has not yet been announced, and Kate Hawkesby and Tim Wilson pondered whether Mike would be a good fit as they Wrapped the Week.
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Supercars driver Andre Heimgartner is getting behind plans for a Supercars round to take place in Christchurch.
Ruapuna Park's the likely candidate to join Taupo as the only New Zealand events on the calendar next year.
Heimgartner's very familiar with the proposed venue.
He told Mike Hosking itâs great for New Zealand motorsport.
He says theyâve been longing for this for a while, and itâs great that theyâve finally decided to give it to them â plus, itâs great for the South Island fans.
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Markets have been losing many of yesterday's historic gains.
US markets climbed steeply after Donald Trump paused higher tariffs on most countries â locking them at 10%.
However, they plunged again after the White House confirmed tariffs on Chinese goods are now at 145%.
Business journalist Peter Lewis told Mike Hosking the up-and-down is likely to continue until investors have certainty about what's happening.
He says while there is a pause, the tariffs havenât gone away altogether, and that will lead to a lot of volatility in the market.
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The Chief Children's Commissioner says we're still dropping the ball in providing some of the basics for our young people.
The Government's Child and Youth Strategy report shows improvements in attendance, smoking, drinking, and offending rates.
However material hardship, immunisations, food insecurity, and avoidable hospitalisations have all worsened.
Claire Achmad told Mike Hosking she wants the Government to put a bigger focus on children.
She says around half of children live in benefit dependent households, which doesn't provide enough for children to thrive.
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The Education Minister's looking to set it in stone what a school's ultimate goal should be.
Erica Stanford's introducing a new Bill requiring boards to have attendance management plans.
It includes amending school board objectives to make educational achievement the ultimate goal.
Stanford told Mike Hosking she wants to make it clear.
She says under the previous government it became very convoluted and it took away from the previous goal of having students achieve.
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Act Leader David Seymour doesn't regret spearheading the Treaty Principles Bill.
The widely unpopular bill was voted down by all but its own MPs at its second reading yesterday.
MPs called it racist, divisive, ugly, grubby, and an assault on history and rights.
Seymour told Mike Hosking he's standing up for equal human rights.
He says the Crown has an obligation to uphold all peopleâs rights, including MÄori, and we are all equal before the law.
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I am conflicted.
In the age of tariffs and free trade and making stuff that the world wants, how is it a Government can then argue that you have to buy wool?
If you are redecorating, or building, or refurbishing a major chunk of your consideration will be around cost.
Can wool outprice what might be your desire for the cheapest product going? No, it can't.
Can wool mount an argument that over time it pays its way? Possibly.
Then we come to the patriotic side. Should we support things that we are good at? I think yes.
If you are a regular, you will know no one loves wool more than me. I'd pay anything to support wool because I'm a natural fibre geek.
Polyester should be a crime and banned.
Funnily enough, I read a report yesterday about the return of fake fur. Fake fur is now so good you can't tell the difference, but it is made out of petrochemicals. So in banning the real thing to save the animals, we have simply set about trashing the Earth some more to quell the demand for fur that never went away.
The demand for cheap flooring is driven solely by price. Wool, for what it lacks in price, makes up for in vibe. It's amazing in both carpets and jerseys.
But is the Government picking winners or is the Government artificially backing one over another, and if they are in that business, where is the line?
Why is it okay to make you buy wool, but at the same time allow any number of new building products into the market to cheapen the price of building a house? Why aren't they making you buy GIB?
It's price one day and quality the next. There is an inconsistency in this.
The wool fan in me says go for it. Wool needs and deserves help. It's been badly treated and if this programme makes a difference, then we can all feel good about it.
But the purist in me says, for a free trader, we favour quality and wool is quality.
But the reason we donât make a lot of stuff is because we can't make it at a price we want to buy it at, and that is smart, sensible business.
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As Liam Lawson begins his new Formula One era with Racing Bulls, a new challenge has arisen if heâs to get back into Red Bullâs senior team for 2026.
The 23-year-old claimed 17th place in Formula Oneâs Japanese Grand Prix at Suzuka over the weekend after a pit stop gamble did not reap the rewards they had hoped for.
He was bested by his teammate, Formula One rookie Isack Hadjar, who took home eighth place on his third outing for the squad, also beating out Lawsonâs replacement Yuki Tsunoda.
Former Williams Team Manager Peter Windsor told Mike Hosking that we can expect to see a lot more of the old Lawson as the season continues, but whether heâll be good enought to be Hadjar is another matter.
He says you have to be impressed with Hadjar â he was showing up a lot of very experienced racing drivers.
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On the Mike Hosking Breakfast Full Show Podcast for Thursday 10th of April, Trump put a pause on tariffs, sending the stock markets through the roof, so we look at the resulting scramble.
The Government has said we must buy wool. Can they enforce this or is it anti-free trade?
Former Williams F1 team manager Peter Windsor gives us his thoughts ahead of the Bahrain Grand Prix.
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Rugby is mourning the passing of former All Blacks doctor John Mayhew.
Mayhew has passed away after heart complications, at the age of 70.
He served as the All Blacks doctor between 1988 and 2004 before moving to the Warriors for 15 years.
Former All Black Captain Sean Fitzpatrick told Mike Hosking Mayhew was very much part of the team, both on and off the field.
He says he was a lovely man, a confidant, very calm, and managed to bring humour to very tense situations.
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Donald Trump's turning up the heat on China but throwing a tariff lifeline to most others.
He's authorised a 90-day pause which will see tariffs dropped to 10% for many countries.
However, China's rate has been increased from 104% to 125%.
Eric Crampton âChief Economist at New Zealand Initiativeâ told Mike Hosking it's a rapidly changing situation.
He says itâs really hard for any business to plan in this kind of environment â the chaos is just going to continue.
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A climate professor says forestry isn't the answer to climate change.
It comes after Parliament's environment watchdog released a report proposing completely removing the ability of carbon polluters to rely on planting trees to meet their climate obligations, instead of cutting their emissions.
Victoria University Adjunct Professor of Climate Change Adrian Macey told Mike Hosking we need a more comprehensive approach to tackling climate change.
He says planting trees simply isn't good enough.
Macey says planting trees isn't a 'get out of jail free' card, but rather a suspended sentence.
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Donald Trump says the changes to his tariff policy show he's flexible.
He's put a 90-day pause on additional tariffs and lowered tariffs on all countries to 10% â except China.
Instead, Trump hiked China's rate from 104% to 125%.
He's thanked Americans for bearing with him and promised better days are coming.
Finance Minister Nicola Willis told Mike Hosking things are uncertain, but their view is that we need to stay the course.
She says they canât controll what happens elsewhere in the world, but they can control what they do here at home.
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The Science Minister says merging our two Government weather agencies will free up millions of dollars.
Incoming legislation will bring NIWA and MetService together before the end of the year.
Shane Reti says the merger will resolve the structural issue that's resulted in duplication and conflicting advice.
He told Mike Hosking they'll merge capabilities, assets and services, and streamline back-office functions.
Reti says they're projecting there'll be an extra $3 million a year as a result, which they'll drive back into weather forecasting.
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Thereâs a belief the Government's new building directive for wool will be followed.
From July, new builds worth more than $9 million and refurbishments costing over $100 thousand must use New Zealand wool where possible.
The directive orders state agencies to follow the directive where practical.
Wool Impact chief executive Andy Caughey told Mike Hosking it's not a rule, but strong advice.
He says in two to three years time, people will see how obvious the solution was and regret not using wool earlier.
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Ken Langone started a small operation called Home Depot.
These days he is a billionaire and major donor to the Trump campaign and Republican Party.
He is, like all the rest of us looking on, incredulous, or furious, or in disbelief, or confused.
Yesterday for a very brief period, a rumour that appeared to come out of a very small 'X' account and somehow linked to CNBC, swept the market.
It said Trump was considering a 90-day pause on the tariffs. The market which had been continuing its downward trajectory, or âtankingâ as some people called it, abruptly upped stick and reversed.
It surged by about 8%, which is a lot, until it turned out none of it was true. So it fell apart again.
As one article suggested, that was an off-ramp for the President. In other words, had the rumour been true and Trump decided it could all be a mistake, the markets would have forgiven him, put it all behind them and we would be on our merry way.
But back to Ken. Ken said "I donât understand the goddamn formula". In that, he is not alone.
Many of the billionaires who backed Trump don't understand the formula. They also didnât back the idea that Trump would trash the place and yet more of them, mainly headed by the bloke who runs BlackRock, think the US economy is already in recession.
If it is in recession Howard Lutnick will need to be rolled out to explain how that happened, given according to Lutnick, it wasnât possible.
So once again we ask the simple question â if the brightest people in the room donât understand the "goddamn formula", if Trump's closest allies and supporters donât get it, who does?
Or worse, is it possible no one does? Is this thing a runaway train?
If it's not a runaway train, is it possible that yet another Trump backer is right when he suggests America is now a global laughing stock?
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Should you look into building a house?
CoreLogicâs latest Construction Cost Index suggests that outside of Covid, the price to build is the lowest itâs been since 2012.
Costs are rising at one of the slowest rates on record, with only 0.9% over the last year.
Generation Homes CEO Craig Hopkins told Mike Hosking the sectorsâ greatest competition is the pre-existing market, with around 33,000 houses currently up for sale.
However, he says, as far as building a house, now is the perfect time to do so.
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