PODCAST · business
ABC Business Daily
by ABC Australia
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 Thursday, 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.On Fridays, trusted Australian financial journalist Alan Kohler hosts an in-depth interview with the decisions-makers, innovators and strategists who are shaping the economy. That’s Business with Alan Kohler , invites well-known CEOs, entrepreneurs, founders and politicians for a deep dive into the tough lessons learned and unspoken rules driving Australian business.Carrington Clarke is a former economist, ABC North America correspondent from Washington DC and East Asia correspondent from Seoul. Previously
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55
Is Coles' DOWN DOWN 'dead'?
This morning a verdict came DOWN DOWN on Coles, delivering a huge win to consumer watchdog ACCC in a case that accused the supermarket giant of misleading shoppers on discounted items. And Commonwealth bank shares plummeted yesterday, falling more than 10 per cent. But is it fair to link it to the taxation changes in the budget?Carrington Clarke and ABC Business Reporter Daniel Ziffer break it all down on ABC Business Daily.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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54
Who will benefit from the budget?
It’s the day after the big budget release and there’s a certain buzz rippling across the country. Treasurer Jim Chalmers claims this is the most ambitious budget in decades and says it will make things fairer for young Australians. But what exactly will the budget mean for business, the economy, and you?Carrington Clarke and ABC Business Reporter Steph Chalmers break it all down on ABC Business Daily.In case you missed it, check out our hot-off-the-press budget episode from last night. And stay up to date with our sister podcast, Politics Now. Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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53
Fuelcast: What the budget means for petrol prices
The 2026 federal budget makes clear the temporary fuel excise cut is due to end on June 30th.So is the government betting the crisis eases in time, or risking a fresh hit to motorists while the Reserve Bank warns against more cost-of-living relief?Carrington Clarke and Alan Kohler help you stay on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.Got a burning brent crude question?Send an email to Carrington and the team [email protected]
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52
A big budget all about housing
Treasurer Jim Chalmers has unveiled his highly anticipated "responsible" and "reforming" fifth budget, aiming for "resilience" and a bolstering of the economy.Housing tax reform was the centrepiece, with changes to negative gearing and the capital gains tax discount announced.Labor says the reforms will allow 75,000 new people to afford their first home, but does the move go far enough to address intergenerational inequity? Will voters reward them for taking a risk - or punish them for 'breaking a promise'?And as inflation continues to surge, how healthy is the budget bottom line?Carrington Clarke and Patricia Karvelas break it all down from the budget lock-up on this ABC Business Daily x Politics Now special episode.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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51
What you need to know about tomorrow's budget
A brand-new federal budget is slated for release tomorrow, with expectations running high that although the energy supply shock has played havoc with economic forecasts, the government will still unveil major reforms.Meanwhile new analysis says that a rethink might be in order for how interest rates impact the labour market. Carrington Clarke and ABC business and economics reporter Gareth Hutchens break it all down on ABC Business Daily.And in case you missed it, be sure to check out today's episode of Fuelcast. Got a burning business question?We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.
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50
Fuelcast: What if the fuel excise ends?
The Strait of Hormuz remains closed, US-Iran negotiations are still going nowhere, and the clock is ticking on Australia’s temporary fuel excise cut.So where does that leave the policy? Could a change impact how much you're paying at the pump? And what does a 26 per cent jump in Saudi Aramco’s profits say about who is winning, and who is paying, in the ongoing energy crisis?Carrington Clarke and Ian Verrender help you stay on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.Got a burning brent crude question?Send an email to Carrington and the team [email protected]
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49
Pete Findlay on Bega’s cost crunch
A closed shipping route can sound like a distant problem - until it starts showing up in the cost of Vegemite, peanut butter, milk, cheese, yoghurt, packaging, freight, fertiliser, and food on Australian shelves.Pete Findlay runs Bega, the company behind some of Australia’s best-known products. He says the closure of the Strait of Hormuz is already driving costs higher right through the supply chain. So, from his vantage point, what does the ongoing global energy crisis mean for food prices, for inflation after another RBA warning, and for how long businesses can keep holding the line before consumers feel the full impact?It’s also a conversation about what Australians eat, how the food industry is changing, and why protein, wellness, GLP-1 drugs, and productivity are becoming central to the future of Australian agriculture and manufacturing.Bega chief executive Pete Findlay joins Alan Kohler to unpack it all on That's Business with Alan Kohler.Got a burning business question?Send a short voice recording to the ABC Business Daily team at [email protected]
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48
Fuelcast: Explaining the new gas reservation policy
The government has unveiled a new energy strategy, which will force major east coast gas companies to reserve 20 per cent of their export volumes for the Australian market. The policy is set to go into effect in the middle of next year.But is the government being prudent? Or is this more of a ‘too little too late’ kind of move?Carrington Clarke and ABC Chief Business Correspondent Verrender break it all down on ABC Business Daily.Got a burning brent crude question?Send an email to Carrington and the team [email protected]
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47
When an AGM feels like a funeral
Frustrations boiled over at the ARN Media annual shareholders meeting, with owners voicing anger at the performance of the company in recent years, and a messy divorce from two of its biggest stars.Meanwhile, the price of oil has dropped, with markets seeming to pull from never ending reserves of hope that the Strait of Hormuz is soon to open.So what should we make of these big business meetings and market moves? Carrington Clarke and ABC finance reporter Alicia Barry break it all down on ABC Business Daily.If you liked today's chat on AI and the ASX be sure to check out Alan Kohler's recent interview with NextDC Chief Executive Craig Scroggie on That's Business here.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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46
The targets of big tax change
After another rate hike was handed down from the Reserve Bank yesterday, Governor Michelle Bullock was quizzed on whether government spending could make the RBA’s task of bringing down inflation more difficult.While she was careful to avoid direct criticism of government policy, she also made clear that higher demand wouldn’t be welcome.So how might this impact Treasurer Jim Chalmers' thinking ahead of next week’s Federal Budget? And what should we make of the news that the budget will bring a billion-dollar fuel security package?Carrington Clarke and ABC Chief Business Correspondent Verrender break it all down on ABC Busniness Daily.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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45
Fuelcast: How China stores fuel
Project Freedom is paused - and attention is turning to who is best prepared for a longer fuel shock. China imports most of its oil, but it has also built one of the world’s biggest crude stockpiles.So what’s its strategy?Carrington Clarke and Alan Kohler help you stay on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.Got a burning brent crude question?Send an email to Carrington and the team [email protected]
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44
A rate rise
Another rate hike is here, with the Reserve Bank lifting the cash rate to 4.35 per cent and wiping away the policy easing delivered last year.The RBA says fuel-driven inflation linked to the Middle East conflict is adding to price pressures across the economy, and that inflation is now likely to stay above target for longer. So what does that mean for mortgage holders, inflation, and the path ahead?Carrington Clarke and ABC News Business Editor Michael Janda break it all down on ABC Business Daily.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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43
Is it about to get easier to buy a house?
Today the Reserve Bank starts its deliberations about whether to hike interest rates once again.Meanwhile NAB seems to have disappointed with its results, warning about the state of the economy.And there’s a mixed report card from this week’s property auctions. So just how fragile is the property market right now? Carrington Clarke and ABC Business Reporter Steph Chalmers break it all down on ABC Business Daily.Got a burning business question?We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.
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42
Fuelcast: Petrol-diplomacy
Donald Trump says “Project Freedom” will aim to help guide stranded ships through the Strait of Hormuz - but with little detail and no clear response yet from Iran, the big question is whether it changes anything. With Brent crude still above US$100 a barrel and diesel creeping higher, should Australians brace for higher prices at the bowser?And with Japanese Prime Minister Sanae Takaichi landing in Australia, "petrol-diplomacy" is under way.Carrington Clarke and Alan Kohler help you keep on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.Got a burning brent crude question?Send an email to Carrington and the team [email protected]
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41
Craig Scroggie on AI’s hunger for power
Artificial intelligence - and the data centres that support it - are no longer just a share market story.It’s become a conversation about power, water, land, security, and who gets to build the infrastructure behind the next wave of the economy.Craig Scroggie has spent 15 years building NEXTDC into one of Australia’s biggest data centre companies - and now the AI boom is sending that business into overdrive.What does he make of the surge in demand, and the enormous build-out now under way? And what about the harder questions that come with it: how much energy will AI need? Do data centres like his push up power bills? What does it all mean for jobs? And can Australia turn this into a genuine strategic advantage?NEXTDC chief executive Craig Scroggie joins Alan Kohler to unpack it all on That's Business with Alan Kohler.Got a burning business question?Send a short voice recording to the ABC Business Daily team at [email protected]
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40
Fuelcast: Fuel forces prices up
Brent Crude has spiked and fallen. Donald Trump is being briefed on new military possibilities in Iran. And Australian supermarket giants Coles and Woolies have warned that they are facing higher cost pressures from transportation to packaging. It's been another busy week in fuel news. Carrington Clarke and Alan Kohler help you keep on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.Got a burning brent crude question?Send an email to Carrington and the team [email protected]
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39
A warning from Woolies
Woolworths has warned its profit is going to be hurt by surging inflation, sending the share price of the Australian supermarket giant tumbling.And while Woolworths might be promising to lock in the price for 300 items, there’s growing warnings about the rate at which other costs are going to grow, including for plastics packaging.Are the worst fears about this energy crisis starting to play out?Carrington Clarke and ABC Business Reporter Emilia Terzon break it all down on ABC Business Daily.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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38
Inflation on the run
Inflation is rising at its fastest pace since September 2023 - driven in part by the global fuel shock - and it is now putting fresh pressure on the Reserve Bank ahead of next week’s rates decision.Australia’s annual headline CPI rose to 4.6 per cent in March, up from 3.7 per cent in February, driven by a surge in the cost of energy as the oil supply shock bites.So what do the latest CPI numbers say about the state of the Australian economy? And how much of the full energy shock is still to come?Carrington Clarke and ABC Business Reporter Steph Chalmers break it all down on ABC Business Daily.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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37
Fuelcast: The UAE is leaving OPEC
The UAE is leaving the Organization of the Petroleum Exporting Countries (OPEC), marking another shift for a group that once had far greater control over the global oil market. So what does the move mean for oil prices, supply shocks, and the balance of power in energy?Carrington Clarke and Alan Kohler help you stay on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.Got a burning brent crude question?Send an email to Carrington and the team [email protected]
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36
Apple's AI-hesitancy
Under outgoing CEO Tim cook’s 14-year tenure, tech titan Apple skyrocketed from the billions to the trillions of dollars in value. But unlike its competitors, Apple has been relatively restrained in AI investments.Is that about to change?And the Opposition is calling on the government to double minimum fuel reserves held in Australia as it unveils a proposed fuel plan in light of the ongoing energy crisis.So what are the economics behind storing more fuel?Carrington Clarke and ABC Chief Business Correspondent Ian Verrender break it all down on ABC Business Daily.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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35
Data and decisions are coming
For watchers of the Australian economy, it’s off to the races, with important data and decisions on the horizon. Wednesday's inflation numbers will provide crucial information for the RBA’s interest rate decision expected next month. And in the United States, five of the so-called Magnificent Seven tech companies, are set to release their results this week, causing investors to revisit questions about the valuation of AI. Carrington Clarke and ABC Business Reporter Daniel Ziffer break it all down on ABC Business Daily.Got a burning business question?We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.
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34
Fuelcast: Demand destruction
Donald Trump has issued a fresh warning on Iran’s oil infrastructure - even as petrol prices edge back towards where they were before the conflict began.With diesel still elevated, are lower pump prices hiding the broader economic damage of the ongoing energy shock?Carrington Clarke and Ian Verrender help you stay on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.Got a burning brent crude question?Send an email to Carrington and the team [email protected]
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33
Viva's Scott Wyatt on a fire and a fuel crisis
A fire at one of Australia’s last two refineries would be a big story at any time. In the middle of a fuel shock, it becomes something else.Viva Energy is at the centre of a very difficult moment for Australia’s fuel system. As the Geelong refinery deals with the fallout from last week’s fire, and conflict affecting the Strait of Hormuz continues to drive prices higher, Alan Kohler asks what it means for a country that now has very little refining capacity left.It’s a conversation about supply, security, refining capacity, and how Australia ended up so exposed when global energy markets go wrong.Viva Energy CEO Scott Wyatt joins Alan Kohler to unpack it all on That's Business with Alan Kohler.Got a burning business question?Send a short voice recording to the ABC Business Daily team at [email protected]
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32
Fuelcast: Petrol vs diesel
Petrol prices are moving closer to where they were before the war began - but diesel is telling a different story. With Brent crude rising again, why has unleaded eased while diesel remains so high, and what does that say about global supply?Carrington Clarke and Alan Kohler help you stay on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.Got a burning brent crude question?Send an email to Carrington and the team [email protected]
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31
An overhaul of electricity
As solar panels pop up on more rooftops and batteries increasingly soak up excess power to be used later on, the way Australians utilise the power grid is shifting dramatically.New modelling released today from the Australian Energy Market Commission imagines an overhaul of electricity pricing that it says could cut costs by billions.But how do the numbers break down? And who might be the winners and losers along the way? Carrington Clarke and ABC News Energy Reporter Daniel Mercer break it all down on ABC Business Daily.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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30
The ACCC takes Woolies to Court
The cost of a family pack of Oreos became the centrepiece of the opening day of a court case pitting the consumer watchdog against supermarket giant Woolworths.The ACCC says Woolies’ 'Price Drop' marketing misled customers about what discounts were being applied to a range of items. So what's been said on day two?And in the United States, the Senate gathered to grill Trump’s nominee for Federal Reserve chair amidst the backdrop of a criminal investigation against the man currently holding the position. Carrington Clarke and ABC Business Reporter Steph Chalmers break it all down on ABC Business Daily.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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29
Fuelcast: A shipment secured
Prime Minister Anthony Albanese and Energy Minister Chris Bowen have announced four additional cargoes of diesel have been secured for Australia.It’s an additional 200 million litres of diesel, coming from South Korea, Brunei and Malaysia. While this will undoubtedly help Australian industry, what will it cost us in the long-term? And what will this mean for the region?Carrington Clarke and Ian Verrender help you keep on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.Got a burning brent crude question?Send an email to Carrington and the team [email protected]
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28
Why hasn't the price of natural gas spiked?
When Russia launched its full scale invasion of Ukraine in 2022, it sent the price of natural gas soaring - and Australian consumers faced steep hikes in their electricity bills.But this time around, when war has once again sent the international price of gas skywards, Australia has remained relatively insulated.So what’s different this time?And big news from tech today, with the announcement that Apple CEO Tim Cook is stepping down in September. What will Cook's successor need to keep front of mind?Carrington Clarke and ABC Chief Business Correspondent Ian Verrender break it all down on ABC Business Daily.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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27
Will the budget bring us 'back to the future?'
After a brief window of hope that traffic through the Strait of Hormuz would start to normalise, a harsher reality has kicked in. With both Iran and the US firing on vessels, the oil price is surging once again.Meanwhile, there’s fevered speculation about what the Government could unveil in this year’s federal budget, due to be released in early May. Could the Capital Gains Discount be in for a major overhaul?Carrington Clarke and ABC News Business Editor Michael Janda break it all down on ABC Business Daily.Got a burning business question?We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.
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26
Fuelcast: A Strait choked once again
Petrol and diesel prices have been falling in recent days - but the Strait of Hormuz is once again under pressure.Iran has fired on multiple ships attempting to pass through it, and the US has seized an Iranian-flagged container ship.So what happens now? Are we nearing another major pinch point for global supply - or are we already there?Carrington Clarke and Alan Kohler help you keep on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.Got a burning brent crude question?Send an email to Carrington and the team [email protected]
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25
Danielle Wood on Australia's productivity problem
For years, Australia has managed to avoid some hard questions. Why is productivity growth going backwards? Why do wages, housing, and living standards feel under pressure? And how long can the country keep relying on good fortune instead of serious reform?Danielle Wood, Chair of the Productivity Commission, is at the centre of that debate. She joins That's Business to talk about what has gone wrong, whether governments have let the reform task slide for too long, and why AI could either help lift productivity - or create a whole new set of challenges.It’s a conversation about why Australia feels stuck, what it would take to change course, and whether anyone in politics is really prepared to do it.Danielle Wood joins Alan Kohler to unpack it all on That's Business with Alan Kohler.Got a burning business question?Send a short voice recording to the ABC Business Daily team at [email protected]
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Fuelcast: What does the Viva fire mean for petrol?
The Prime Minister visited the Viva Energy refinery this morning, announcing that it is still operating, but at reduced capacity. What should Australians expect in terms of fuel supply against the backdrop of the ongoing energy crisis?Carrington Clarke and Alan Kohler help you keep on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.Got a burning brent crude question?Send an email to Carrington and the team [email protected]
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23
Australia has two refineries. One's been on fire
It was a shocking scene for most Australians to wake up to - the Viva Energy refinery ablaze.The fire has raised further questions about Australia’s vulnerability to cuts in fuel supply. Could biofuels be part of the answer?Meanwhile, American markets have surged, leaning hard into the hope that the war with Iran could soon come to an end. Carrington Clarke and ABC Business Reporter Daniel Ziffer break it all down on ABC Business Daily.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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22
A warning from the IMF
The world’s financial and economic elite are descending on Washington DC.The International Monetary Fund is holding a series of meetings and warning that the energy crisis is going to mean (at the very least) lower growth and higher inflation.And in a severe scenario, a continued energy supply crunch could see the world stumble into its third recession of this century.Carrington Clarke and ABC Business Reporter Steph Chalmers break it all down on ABC Business Daily.If you’re curious about the politics behind the IMF meeting, tune into today’s Politics Now episode with Patricia Karvelas and David Speers.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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21
Fuelcast: Airlines feel the pain
Qantas says its fuel bill could be $600 million to $800 million higher than expected because of the ongoing energy crisis - and it plans to reduce capacity to help offset some of those costs.Virgin has also flagged fare changes as it responds to higher costs. So how badly could this hit travellers in the months ahead - and how is the conflict involving the US, Israel, and Iran affecting the price of jet fuel?Carrington Clarke and Ian Verrender help you stay on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.When fuel and energy prices move, Fuelcast helps you understand why. Hosted by Carrington Clarke, Alan Kohler, and Ian Verrender, it brings you the latest numbers, the big developments driving the energy story, and what they could mean for households, business, and the broader economy. New episodes drop every Monday, Wednesday, and Friday in the ABC Business Daily feed, alongside ABC Business Daily and That’s Business with Alan Kohler.Got a burning brent crude question?Send an email to Carrington and the team [email protected]
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20
Why can't Australia 'drill baby drill'?
This time, the US stuck to its deadline.Its navy is now blockading Iran’s ports, further limiting the flow of energy from the crucial Gulf region. With that supply curbed, there’s been calls for Australia to tap its own reserves of energy to make the country less reliant on foreign oil.But is there oil to tap? And does it make economic sense? Carrington Clarke and ABC's Chief Business Correspondent Ian Verrender break it all down on ABC Business Daily.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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19
The 'retail politics' of fuel
After direct talks between the US and Iran concluded with no agreement, Donald Trump has raised the stakes by ordering a blockade of ships that visit Iranian ports.The move has stymied global energy flow and caused oil prices to jump. Again.Meanwhile finance firms are on notice that the latest model from Artificial Intelligence giant Anthropic, Claude Mythos Preview, could threaten their systems. Will global banking wake up to the AI threat before it's too late?Carrington Clarke and ABC News Business Editor Michael Janda break it all down on ABC Business Daily.Got a burning business question?We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.
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Bonus: ABC Business Daily's Fuelcast
Donald Trump has announced a US naval blockade of the Strait of Hormuz, while Anthony Albanese prepares to travel to Malaysia and Brunei after his recent trip to Singapore, as Australia looks to shore up its fuel security.Carrington Clarke and Alan Kohler break down what these developments could mean for global energy markets, fuel supply, and the pressures flowing through to Australia in the first episode of Fuelcast on ABC Business Daily.When fuel and energy prices move, Fuelcast helps you understand why. Hosted by Carrington Clarke, Alan Kohler, and Ian Verrender, it brings you the latest numbers, the big developments driving the energy story, and what they could mean for households, business, and the broader economy. New episodes drop every Monday, Wednesday, and Friday in the ABC Business Daily feed, alongside ABC Business Daily and That’s Business with Alan Kohler.Got a burning brent crude question?Send an email to Carrington and the team [email protected]
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Can Paul Schroder save the Australian dream?
More than $400 billion. Millions of members. And a front-row seat to the forces shaping the Australian economy.If you think super is dull, or the people who run it are dull, think again.Paul Schroder runs AustralianSuper, the biggest superannuation fund in the country - and he has plenty to say about where the economy is heading, how geopolitics is reshaping investment, and why Australia’s biggest problems are productivity, inequality, and above all, housing.In fact, he thinks housing is the biggest issue facing the country - and a major weakness in the way the economy now works. So what could Australian super funds, like his, do to fix it?Paul Schroder joins That's Business with Alan Kohler to unpack it all.Got a burning business question?Send a short voice recording to the ABC Business Daily team at [email protected]
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16
The market reacts to a fragile ceasefire
Around the globe investors cheered the ceasefire agreement between the US and Iran, with surging stocks and an oil price plunge. But, there are already signs this fragile truce isn’t holding. And there are contradictory reports about just how open the crucial Strait of Hormuz really is.So will the market rally wave crash as quickly as it’s crested? And is the energy crisis actually over? Carrington Clarke and ABC News Business Editor Michael Janda break it all down on ABC Business Daily.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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15
Trump TACOs and Australia buys EVs
It appeared the market was betting on another TACO Tuesday from Donald Trump. And it could be said that he’s delivered.The US President has announced a two-week cease-fire with Iran which involves an opening up of the crucial strait of Hormuz - and raises hopes of a more normal flow of energy around the world.But no matter what the final outcome of this conflict, we’ve seen a dramatic shift in Australia’s car market. Electric Vehicle sales are soaring but the question remains: will this prove to be permanent shift in the auto market?Carrington Clarke and ABC Business Reporter Steph Chalmers, break it all down on ABC Business Daily.Got a burning business question?We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.
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14
Is AI going to 'eat your lunch'?
After wild oscillations on Wall Street overnight, time is ticking and global investors are holding their breath as Donald Trump’s latest deadline for Iran is set to expire tomorrow.And while the world remains caught in the grip of the global fuel crisis, investment continues to roll into artificial intelligence as it promises - or threatens - to up-end the economy.Carrington Clarke and ABC's Chief Business Correspondent Ian Verrender break it all down on ABC Business Daily.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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13
What will markets make of 'Open the f***in' Strait'?
Donald Trump has unleashed in a series of extraordinary social media posts, swearing and threatening Iran’s civilian infrastructure if the Strait of Hormuz isn’t reopened. So are we on the edge of a dangerous escalation in this war, that has already wrought havoc on energy markets?And while time ticks down on Trump’s deadline, buyers seem to be biding their time to purchase property in Australia, with the auction clearance rates continuing to fall.Carrington Clarke and ABC Business Correspondent David Taylor break it all down on ABC Business Daily.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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12
Can Anthony Miller steady Westpac?
More rate rises. A possible recession. And fresh pressure on households and business.So how is one of Australia’s biggest banks preparing for what comes next?Anthony Miller took over Westpac after a bruising era for the bank, following a two-decade investment banking career with major institutions including Goldman Sachs and Deutsche Bank.He joins Alan Kohler on That's Business to talk mortgage stress, recession risk, cyber threats, AI, housing affordability, and how Westpac is trying to move on from years of scandal.Got a burning business question?Send a short voice recording to the ABC Business Daily team at [email protected]
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11
Are we already in a recession?
As the global energy crisis drags on, the Australian government has urged the nation to stay calm and carry on, with some extra financial relief coming our way.But the economic landscape remains worrying: inflation running hotter than desired, unemployment on the rise, and growth hard to come by.So, is Australia heading toward the dreaded 'R word' - "recession" - if this war continues? Or, could we be there already?Carrington Clarke and ABC Economics Reporter Tom Crowly break it all down on ABC Business Daily.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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10
Stocks, surcharges and small businesses
US markets have surged, hanging big hopes on Donald Trump’s intimations that the war in Iran might be ending soon. But mission accomplished may not mean oil is flowing through the strait of Hormuz.Meanwhile here in Australia, the RBA says it’s got a plan to lower costs for consumers, moving to rid the country of sneaky card surcharges.And on the heels of the Treasurer's announcement this morning, small businesses stand to receive some tax relief. But will these measures have an impact? And who will be left paying?Carrington Clarke and ABC National Business Reporter, Adelaide Miller break it all down on ABC Business Daily.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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9
Who pays for petrol?
With Brent Crude on track to end the month with its highest price rise in history, the Australian government is promising cost of living relief to motorists. But will its slashing of the fuel tax make a significant dent in your expenses? And will the pressure of higher oil costs in the US force Donald Trump to end this war?Carrington Clarke and ABC Chief Business Correspondent Ian Verrender break it all down on ABC Business Daily.Got a burning business question?Send a short voice recording to Carrington and the team at [email protected]
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8
Why house buyers aren't biting
The pre-Easter rush brought a flood of properties up for sale over the past weekend. But buyers, aren’t biting - at least not with the same hunger as they were. The latest data shows auction clearance rates are in fact slumping. So has there been a dramatic shift in the balance of power between sellers and buyers? And what does it mean for the price of property?Carrington Clarke and ABC Business Editor Michael Janda break it all down on ABC Business Daily.Got a burning business question?We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.
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7
Jim Chalmers on the cost of chaos
Oil prices are jumping. The budget is getting closer. And the global economy just got a whole lot messier.With conflict rattling energy markets and uncertainty building ahead of the next federal budget, big questions are hanging over Australia’s economic outlook.What does a major oil and gas shock mean for inflation, energy security, and the budget bottom line?And is the Treasurer himself using AI?Federal Treasurer Dr Jim Chalmers joins Alan Kohler to unpack it all on That's Business with Alan Kohler.Got a burning business question?Send a short voice recording to the ABC Business Daily team at [email protected]
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Business first, forgiveness later
Is big tech having its big tobacco moment?Overnight, a US jury found tech giants Meta and Google liable for addictive features that led to a young user’s mental health distress. That followed a separate judgement, finding that Meta violated consumer protection law by concealing what it knew about child exploitation on its platforms. The big tech companies disagree. In this episode, we dig into the numbers, including the damages, behind the landmark cases, and what this means to the business of big tech. And while yesterday’s CPI data showed inflation slightly lower than expected, is this the relative calm before an inflation storm? Carrington Clarke and ABC Business reporter Nassim Khadem break it all down on ABC Business Daily.Got a burning business question?We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.
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ABOUT THIS SHOW
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 Thursday, 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.On Fridays, trusted Australian financial journalist Alan Kohler hosts an in-depth interview with the decisions-makers, innovators and strategists who are shaping the economy. That’s Business with Alan Kohler , invites well-known CEOs, entrepreneurs, founders and politicians for a deep dive into the tough lessons learned and unspoken rules driving Australian business.Carrington Clarke is a former economist, ABC North America correspondent from Washington DC and East Asia correspondent from Seoul. Previously
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