ABC Business Daily
ABC Australia
192 episodes
The podcast that helps you unpack the latest business and finance news, analysing the stories moving share markets, shaping industries and affecting the Australian economy.
More about the show
Monday to Friday, ABC Senior Business Correspondent Carrington Clarke examines the biggest business news with ABC's specialist reporters. From finance, to AI technology, and how politics intersects, the team will break down what happened, why it matters, and what it might mean for you and your financial future.
Carrington Clarke is a former economist, ABC North America correspondent from Washington DC and East Asia correspondent from Seoul. Previously, he worked as a Sky News journalist and Fairfax Media editor. He has also reported for ABC Investigations’ flagship current affairs television program 7.30 and The Business .
For more sharp insights, clear explanations, and business news coverage you can trust, hit follow or favourite to add new episodes of ABC Business Daily to your playlist, on ABC listen app, or wherever you get your podcasts.
Episodes page 1 of 4
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Is Snowy 2.0 worth the price tag?
Snowy Hydro was meant to be one of Australia's biggest renewable energy projects. But the ambitious scheme has been hit by massive cost blowouts and delays, raising serious questions about how much taxpayers will…
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A roll call for central bank rates
Around the world central bankers are grappling with how to deal with unwantedly high inflation. In recent days we’ve seen interest rate decisions in New Zealand, Canada and the US. So what can we learn from their…
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Inflation is too high
Inflation is still stubbornly high - and moreover accelerated in September - according to the latest figures from the Australian Bureau of Statistics. So what’s costing Australian households the most? And with…
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Will investors buy into Anthropic’s AI vision?
It’s official: Anthropic has filed to go public. This means the AI giant may soon take its place as one of the most valuable companies on earth and become available for investors to trade. But after the Nasdaq’s…
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Will the overseas oil shock influence interest rates?
The price of Brent Crude has spiked again, with prices climbing close to the highest levels seen since the start of the war as hostilities across the Middle East escalate. How is the Australian economy bearing these…
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Will France lead the world into economic crisis?
Violence is erupting on France's streets as economic pressures bite. Does the unrest signal a financial crisis is on the way? Plus, the US Federal Reserve meets next week and banks around the world - including the RBA…
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Are Australian banks ready for a property slump?
From plummeting property prices across capital cities to the very live possibility of a RBA rate hike early next month, there’s lots of economic changes for Australia’s financial institutions to digest. So are…
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Is China exporting its economic problems?
It’s a tale of a two-speed economy. China's economy surprised analysts on the upside in the September quarter - but the headline growth figure masks a widening divide. Industrial activity is powering ahead, while…
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Europe's cost of living crisis
After a weekend of the worst civil unrest in decades in France, markets are nervously waiting to see what the political response will be - but where there's political ramifications, economic ones are also sure to…
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Is it time to raise the GST?
The price of Brent Crude has taken another leg up, flirting with 110 US dollars a barrel over the weekend and pulling even greater focus onto how high energy costs are affecting the global economy. Meanwhile,…
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The 'Thelma and Louise' moment coming for global economies
Global markets are shifting, debt is getting more expensive, and the AI investment boom is showing signs of risk. So what's the big picture and where could the next crisis emerge? Macro strategist Gerard Minack joins…
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Will higher unemployment stop a rate hike?
Fresh jobs figures from the ABS show worsening unemployment here in Australia. Meanwhile inflation is hotter than expected in the United States. So will these new numbers stay the Reserve Bank’s hand from hiking…
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Solving the productivity puzzle
Despite rich resources and recent advancements in technology, why does Danielle Wood think the economy is still struggling to be more productive? The Productivity Commission Chair joins ABC Business Daily to weigh in…
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What are the ripple effects of the Firmus fiasco?
The cost of the Firmus fiasco continues to be counted, with Maas Group paying a heavy price for its connection to the Australian AI startup. So, how much wider is the pain likely to be felt across the economy? And…
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Did Firmus fly too close to the sun?
It was the 44 billion dollar float that flopped. AI startup Firmus has dramatically pulled the plug on what was supposed to be the second biggest listing in ASX history. So what went wrong? Who is left "holding the…
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Alan Kohler on our financial past and future
Booms, busts and everything in between — for more than half a century, finance journalist Alan Kohler has had a front-row seat to the Australian economy. For his final episode hosting That's Business, we're changing…
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Is cutting immigration good economics?
Migration is dominating the headlines, with the Coalition promising the biggest cut to immigration in Australia’s history — a policy opposition leader Angus Taylor has called "budget neutral". But what are the…
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Why your morning coffee is more expensive
It’s no surprise that people are feeling bad about the economy and their finances. But the latest look into consumer sentiment from the Westpac-Melbourne Institute’s index, reveals Australians are experiencing what…
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Firmus looks to float
The Australian stock market could be set for its second biggest IPO in history, with Firmus, the data-centre builder and operator, looking to tap the market for billions. So does the business case stack up?…
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To tax or not to tax EVs
The surge in electric vehicle sales seems here to stay, as Australians look for alternatives to petrol-powered cars and the global energy crisis pushes prices at the bowser higher still. But with fewer drivers paying…
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What CBA’s Matt Comyn thinks about interest rates
Commonwealth Bank is Australia’s biggest bank and its second-biggest company. One in three Australians are CommBank customers, giving it an enormous influence over the Australian economy. Matt Comyn has been CBA’s…
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A financial system with ‘no room for complacency’
It’s health-check day for the Australian financial system, with the release of the Financial Stability Review from the Reserve Bank. And despite inflation still well above target, a fourth interest rate hike this year…
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Inflation still too high for the RBA
Fresh inflation figures from the Australian Bureau of Statistics give us a look under the hood of an economy running hot. So just what is keeping inflation higher than the RBA would like? How does this fresh data…
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The highest rates in 15 years
The Reserve Bank of Australia has raised rates, bringing the cash rate to the highest it’s been since 2011. And even though this latest hike doesn’t come as a surprise, the sting will still be felt by borrowers…
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Are lenders doubting the US dollar?
Is the era of US-dollar dominance on its last legs? Against the backdrop of the war in Iran, a trade war with Canada, and bond sell-offs, trust in the Greenback appears to be weakening. Meanwhile central banks around…
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The economics of migration
Australia's migration debate is once again ramping up, with Labor planning to cut backpacker and student visa numbers amid calls from One Nation to slash immigration by 750, 000 places over three years. Beneath the…
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Can the government control AI?
The Australian Government is calling for stronger global rules around artificial intelligence. But as AI agents become more capable and autonomous, the question is becoming increasingly urgent: can governments regulate…
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The latest jobs stats and AI hacks
New jobs data out today shows the unemployment rate has risen in Australia. But is it enough to halt the RBA's expected interest rate hike? And an agent from Open AI has hacked into a Services Australia portal.…
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Bullock weighs in before rates day
Reserve bank boss Michelle Bullock has made her final public appearance ahead of next week’s rate decision. And with the public eager to get some sense of which way rates will go, the message most people seemed to…
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What will it cost to live longer?
What will Australia’s economy be like forty years from now? According to Treasury’s latest Intergenerational Report there will be about forty million of us. But will they be living better lives than the 28 million…
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Big banks bet on a rate hike
The price of Brent Crude has climbed back above one hundred dollars a barrel in response to rising concerns that the ongoing conflict in the Middle East is spreading. Here in Australia, the Coalition is touting a new…
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Building faster, cheaper housing
For years governments and companies have been trying to figure out how to make more houses people can afford in Australia. In other parts of the world, building homes in factories and then assembling them onsite is…
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The Fed hikes. Will shares fall?
The US Federal Reserve has hiked interest rates for the first time since 2023 - and the consequences could reach all the way into your investment portfolio. United States Federal Reserve Chair Kevin Warsh says the…
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When Chinese EVs dominate a market
Thailand's massive car manufacturing industry has seen the country nicknamed the "Detroit of Asia". But China's electric vehicle boom is shaking up the Thai automotive sector, with Chinese brands dominating the EV…
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Will an AI backlash hamper its boom?
The people building the world’s most powerful AI systems are starting to warn that development may be moving too fast. Some want a slowdown and stronger safeguards. Others, including Donald Trump, are dismissing those…
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Another oil shock is here
Brent crude is back above US$100 a barrel, with a second critical global energy choke-point now looking increasingly vulnerable. At the same time, Australia has its own problem to solve. The Reserve Bank of Australia…
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How Trump's trade war is changing everything
Donald Trump is rewriting the rules of global trade, using tariffs as political weapons and up-ending decades of economic orthodoxy. At the same time, trade routes themselves have become central to the war in Iran,…
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Breaking down Bathla
Bathla Group has collapsed owing billions, with hundreds of projects caught up in the fallout. But when a developer that big goes under, the bigger question is what it tells us about the wider market. Was Bathla…
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Nike’s spectacular fall
Nike has lost its edge. More than US$230 billion has been wiped from its market value since its 2021 peak, and its share price is now back around levels last seen more than a decade ago. For a brand that has…
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The numbers behind One Nation’s super plan
One Nation wants Australians paying rent or a mortgage to take more of their superannuation home now - but what could that cost them later? The proposal has ignited a political fight, with One Nation Treasury…
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Are we headed for 'Bondmageddon'?
Satyajit Das thinks another major global financial crisis might be coming - and soon. He was warning about dangerous debt structures well before the 2008 Global Financial Crisis. Now, with inflation still sticky,…
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WiseTech's new CEO on recovering from scandal
WiseTech Global is one of Australia's great technology success stories, running CargoWise, the operating system for global trade. But in recent years it's been engulfed in scandal amid grave allegations against…
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What's behind the retail results?
Australia’s biggest retailers have opened their books - and the numbers tell a pretty revealing story. Woolworths and Coles remain firmly in control, but the numbers show their strategies are shifting. Online sales…
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The conflicts shaking markets
The world economy is being pulled in several directions at once. The war between the US and Iran has flared again, while fears are growing about what a wider escalation in Russia’s war on Ukraine could mean for…
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Do falling property prices create opportunity?
"No one wants to catch a falling knife." Australia’s property market is shifting fast. Home values have now fallen for five months in a row, buyer activity is down, auction results are softening, and 93 per cent of…
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Can housing take another hike?
September is shaping up as a big month for interest rates. In the US, Kevin Warsh is talking tough on inflation, while here at home three of the big four banks now think the RBA could hike again - potentially as soon…
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The business of comedy: Alan Kohler talks to Marty and Michael
YouTube, TikTok and Instagram are full of "content creators", but very few turn it into a profitable business. Brisbane comedy duo, Marty and Michael, got their start doing silly stunts on Facebook. More than a decade…
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Banks forecast rate hikes
There’s been a dramatic shift in interest rate predictions among some of Australia’s biggest banks today with CBA joining ANZ in predicting we’ll get a hike in November. NAB says the RBA likely to act next month. So…
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What will the inflation data mean for rates?
Fresh data out today shows prices are rising slower than they were earlier in the year, but still well above the Reserve Banks target. So does that mean the Reserve Bank might be forced to hike rates even further? And…
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Fuel shortages stoke food supply fears
US Treasury Secretary Scott Bessent has announced a series of measures which he says will cause the ‘economic asphyxiation’ of Iran, including going after other countries that do trade with the Middle East power. But…
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