ABC Business Daily

Episodes

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  Is North Korea responsible for the Binance crypto hack? 06.11.2026 26m

  Almost $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. The attack involved fake job interviews, malware and compromised work devices, with investigators pointing to North Korea - an allegation Pyongyang currently denies. Billions have been frozen, but billions more remain in circulation. So how vulnerable is the crypto industry to this kind of attack? And if Binance is covering customer losses, has is, and others like it, avoided a crisis - or simply hidden the scale of a major problem? Investigative journalist and author of The Lazarus Heist Geoff White is an expert on the subject. In this episode of ABC Business Daily, he tells Carrington Clarke why crypto remains more vulnerable than traditional banking, why holders should remember that “you are your own security”, and how hacking could become an increasingly important source of funding for North Korea. 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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  David Jones goes down 05.11.2026 20m

  David 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 retailer now faces an uncertain future - raising questions about what happens next for its stores, staff and one of Australia’s oldest retail brands. And in the United States, Democrats have taken control of both houses of Congress in the midterm elections. So what does the shift in power mean for markets, Donald Trump and the global economy? Carrington Clarke and senior journalist Janine Perrett 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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  Is AI Coming for Canva? 04.11.2026 22m

  Australian 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 else going on? And the country has reacted to another interest rate rise from the Reserve Bank. Yesterday borrowers learned their fate - "feeling poorer" for longer, and inflation staying up.  So the morning after the night before, what do we need to understand about the future of the Australian economy in the eyes of the RBA? Lin Lin and ABC chief business correspondent Ian Verrender 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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  Another rate rise 03.11.2026 17m

  The 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 those already struggling with the cost of living around the country - but is the pain necessary to get inflation back under control? And the next question now - is a sixth rate increase potentially on the horizon? Carrington Clarke and ABC Money Correspondent Jessica Irvine 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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  Home values slide as RBA looms 02.11.2026 22m

  Australia’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 downturn in four decades. But falling prices don’t automatically mean housing is becoming more affordable - borrowing capacity is shrinking, rents are still rising, and the equity picture looks very different depending on where and when you bought. And hanging over all of today's data from Cotality - tomorrow’s RBA decision, with markets betting another rate hike is an almost certainty. 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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  Is Snowy 2.0 worth the price tag? 30.10.2026 28m

  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 ultimately have to pay. So what’s gone wrong with Snowy 2.0, and is the project still worth the price tag? Energy expert Bruce Mountain joins Carrington Clarke to unpack the spiralling costs, the engineering challenges and what the troubled project tells us about Australia's energy transition 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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  A roll call for central bank rates 29.10.2026 19m

  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 decisions and deliberations - and in whose footsteps will the RBA follow next week? 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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  Inflation is too high 28.10.2026 18m

  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 inflation well above the Reserve Bank’s comfort level, is a rate hike all but certain on Melbourne Cup Day? Lin Lin and Diana Mousina, Deputy Chief Economist at AMP 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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  Will investors buy into Anthropic’s AI vision? 27.10.2026 23m

  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 worst fortnight since April, what risks still lap at the edges of this IPO excitement?   Carrington Clarke and ABC's Chief Business Correspondent Ian Verrender 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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  Will the overseas oil shock influence interest rates? 26.10.2026 21m

  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 overseas shocks, as inflation continues to stubbornly sit at a rate higher than the RBA would like? And just what does it mean for the chances of a rate hike next week? We also answer a listener question. 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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  Will France lead the world into economic crisis? 23.10.2026 19m

  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 - will be watching closely.  Citigroup Global Chief Economist Nathan Sheets is a former Federal Reserve economist who also served at the US Treasury. ABC Business Daily's Carrington Clarke sat down with Dr Sheets at the Citi Investment Conference to unpack the outlook for France, the possibility of a global debt disasters, and what the Fed's decision could mean for America and the world. 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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  Are Australian banks ready for a property slump? 22.10.2026 24m

  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 Australia’s banks ready to weather what lies ahead? And on the heels of National Australia Bank announcing a major restructure earlier this week, what does the future hold for Australia’s banking sector? Carrington Clarke and Brian Johnson, Senior Banks Analyst at MST Financial 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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  Is China exporting its economic problems? 21.10.2026 23m

  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 retail spending remains far more subdued - raising fresh questions about the strength of China’s consumer economy. So why are Chinese households still reluctant to spend? And as factories keep producing at pace, is China increasingly exporting its economic pressures to the rest of the world? Lin Lin is joined by Dan Wang, China Director with Eurasia Group to 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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  Europe's cost of living crisis 20.10.2026 19m

  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 follow. So is France the most precariously balanced domino on the global economic board right now? Meanwhile back home, one of the country’s biggest and most powerful companies – National Australia Bank – is cutting about six per cent of its workforce. It’s a move set to cause anguish for many of those directly impacted by cuts.  But does it also tell us something about what could be on the cards for others working in finance? Carrington Clarke and ABC Chief Business Correspondent Ian Verrender break it all down on ABC Business Daily. You can read Ian's latest analysis here.  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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  Is it time to raise the GST? 19.10.2026 22m

  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, Australia’s increasingly expensive public debt is putting pressure on government budgets. So is now the time for major tax reform? And would any major party be willing to test the idea of increasing the GST? 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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  The 'Thelma and Louise' moment coming for global economies 16.10.2026 38m

  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 us to unpack the forces shaping the global economy, from rising bond yields and the growing threat of a sovereign debt crisis to whether the billions pouring into AI will ever deliver the returns investors are banking on. Plus, we turn to Australia's housing market, where higher interest rates, changes to investment incentives and slowing population growth could create a perfect storm for house prices. What should investors be watching, and what do these shifts mean for the rest of us?  On ABC Business Daily with Carrington Clarke, Gerard Minack cuts through the market noise to explain what matters and what could come next. Got a burning business question? Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au OR 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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  Will higher unemployment stop a rate hike? 15.10.2026 20m

  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 interest rates on Melbourne Cup Day?   And what do minutes from the RBA’s last board meeting reveal about what the central bank thinks are the biggest risks right now?   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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  Solving the productivity puzzle 14.10.2026 23m

  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 on Australia’s productivity problem - workforce participation, population growth, the care economy, and AI’s role in stimulating growth.  So, are we set on a path of stagnation where decent pay rises cause prices to rise?  Or can we turn this ship around? Carrington Clarke and Danielle Wood, Chair of the Australian Productivity Comission, 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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  What are the ripple effects of the Firmus fiasco? 13.10.2026 21m

  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 where to now, for the biggest trade in global AI markets?   Carrington Clarke and ABC Chief Business Correspondent Ian Verrender 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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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  Did Firmus fly too close to the sun? 12.10.2026 21m

  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 bag"?   And what does the decision tell us about investor appetite for all things AI?   Carrington Clarke and James Thomson, senior Chanticleer columnist at the Australian Financial Review, 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 abcbusinessdaily@abc.net.au and we'll attempt to answer it.