About this podcast
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.
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
The newest 50 of 202 episodes
- Is our economic system broken? · 25 minInterest rates are up. Inflation isn’t going down. So is the way we run modern economies...all wrong? In her new book, Anti-Fascist Economics, economist Isabella Weber argues…
- Anthropic's trillion-dollar gamble · 20 minOne of the biggest tests yet of the artificial intelligence boom is about to hit the share market. Anthropic, the company behind AI tool Claude, is preparing to go public - in…
- AI is coming for Qantas jobs · 22 minJob cuts have come for Qantas - and artificial intelligence is being blamed. In an all-staff email Qantas Group CEO Vanessa Hudson described the decision to cut hundreds of jobs…
- The cracks in Australian retail are showing · 21 minIs David Jones exposing a wider problem in Australian retail? The major department store has survived two world wars, the Great Depression and almost 190 Christmas shopping…
- Is Nvidia facing a spy scandal? · 21 minIs a Chinese spy just “one phone call away from the White House”? Nvidia, the company at the centre of the global AI build-out, has launched an independent investigation after…
- Is North Korea responsible for the Binance crypto hack? · 26 minAlmost $9 billion worth of crypto has been stolen from the world's largest cryptocurrency exchange platform Binance. It's believed to be the biggest crypto heist in history…
- David Jones goes down · 20 minDavid Jones has been placed into receivership after months of financial pressure, unpaid rent and a breakdown in negotiations with major landlord Scentre Group. The 188-year-old…
- Is AI Coming for Canva? · 22 minAustralian tech darling and design giant Canva has announced major job cuts. Is this the story of big business becoming the victim of global AI expansion - or is there something…
- Another rate rise · 17 minThe Reserve Bank of Australia has met, and voted, to raise interest rates by 25 basis points from 4.60% to 4.85%. It's the fifth rise this year. It’ll be unwelcome news for…
- Home values slide as RBA looms · 22 minAustralia’s housing downturn is getting faster. Home values have now fallen for seven straight months, with capital city prices declining at the fastest pace of any housing…
- Is Snowy 2.0 worth the price tag? · 28 minSnowy 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…
- A roll call for central bank rates · 19 minAround 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…
- Inflation is too high · 18 minInflation is still stubbornly high - and moreover accelerated in September - according to the latest figures from the Australian Bureau of Statistics. So what’s costing…
- Will investors buy into Anthropic’s AI vision? · 23 minIt’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…
- Will the overseas oil shock influence interest rates? · 21 minThe 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…
- Will France lead the world into economic crisis? · 19 minViolence 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…
- Are Australian banks ready for a property slump? · 24 minFrom 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…
- Is China exporting its economic problems? · 23 minIt’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…
- Europe's cost of living crisis · 19 minAfter 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…
- Is it time to raise the GST? · 22 minThe 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 'Thelma and Louise' moment coming for global economies · 38 minGlobal 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…
- Will higher unemployment stop a rate hike? · 20 minFresh 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…
- Solving the productivity puzzle · 23 minDespite rich resources and recent advancements in technology, why does Danielle Wood think the economy is still struggling to be more productive? The Productivity Commission…
- What are the ripple effects of the Firmus fiasco? · 21 minThe 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…
- Did Firmus fly too close to the sun? · 21 minIt 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…
- Alan Kohler on our financial past and future · 30 minBooms, 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…
- Is cutting immigration good economics? · 22 minMigration 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…
- Why your morning coffee is more expensive · 19 minIt’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…
- Firmus looks to float · 20 minThe 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…
- To tax or not to tax EVs · 17 minThe 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…
- What CBA’s Matt Comyn thinks about interest rates · 34 minCommonwealth 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…
- A financial system with ‘no room for complacency’ · 19 minIt’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…
- Inflation still too high for the RBA · 21 minFresh 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…
- The highest rates in 15 years · 22 minThe 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…
- Are lenders doubting the US dollar? · 20 minIs 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…
- The economics of migration · 30 minAustralia'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…
- Can the government control AI? · 30 minThe Australian Government is calling for stronger global rules around artificial intelligence. But as AI agents become more capable and autonomous, the question is becoming…
- The latest jobs stats and AI hacks · 20 minNew 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…
- Bullock weighs in before rates day · 20 minReserve 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…
- What will it cost to live longer? · 18 minWhat 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…
- Big banks bet on a rate hike · 24 minThe 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…
- Building faster, cheaper housing · 29 minFor 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…
- The Fed hikes. Will shares fall? · 27 minThe 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…
- When Chinese EVs dominate a market · 19 minThailand'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…
- Will an AI backlash hamper its boom? · 23 minThe 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…
- Another oil shock is here · 27 minBrent 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…
- How Trump's trade war is changing everything · 37 minDonald 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…
- Breaking down Bathla · 28 minBathla 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…
- Nike’s spectacular fall · 18 minNike 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…
- The numbers behind One Nation’s super plan · 26 minOne 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…
