ABC Business Daily

Artificial intelligence is no longer just a Silicon Valley fascination, a share market story, or something happening off in the distance.

It is becoming a force that could reshape work, productivity, innovation, and the way whole economies function - and one of the companies at the centre of that shift is Anthropic, the maker of Claude.

Peter McCrory is Anthropic’s chief economist. His job is to make sense of how this technology is being used by, and its impact on, workers, firms, and the economy right now.

At the same time, his boss, Anthropic CEO Dario Amodei, has become one of the loudest and most alarming voices in AI - warning that half of white-collar jobs could disappear within five years, and that the risks are far bigger than most governments or businesses are treating them.

Alan puts that tension directly to McCrory: where he falls between the company’s warnings, the real-world data, and the possibility of AI becoming not just another tool, but a machine for accelerating innovation itself.

Peter McCrory and Alan Kohler unpack it all on That's Business with Alan Kohler.

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Fresh analysis from the Reserve Bank, released today, paints the clearest picture yet of Australian housing investors.

So who exactly are they? And what does this detailed demographic data tell us about the property market’s winners and losers?

And liquor giant Endeavour Group has announced that it's exiting its vineyards and wineries portfolio.

What does the future of one of Australia’s largest pub and bottle shop owners look like, in a world where people are drinking less? And have we reached “peak wine”?

Michael Janda and ABC Finance Reporter Alicia Barry break it all down on ABC Business Daily.

You can check out Gareth Hutchen's reporting on the RBA's property research here. 

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Data from the Australian Bureau of Statistics released today shows that the Consumer Price Index fell in April, thanks in large part to easing fuel costs. But underlying inflation remains stubbornly elevated.   

So what should we make of these numbers? How might they shape the RBA’s moves on next month’s rates decision - and is this a good or bad sign of the health of our economy?

Daniel Ziffer and ABC Business Reporter Nassim Khadem break it all down on ABC Business Daily.

In case you missed it, catch today's episode of Fuelcast here. 

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One of the big stories out of Canberra this week is the government’s draft discussion paper on a domestic gas reservation policy.

So is it a realistic plan? Does the government have political support from the Opposition - and public support too - as calls for a gas tax grow louder in some parts of the country? And what would it actually cost, and mean, for the flow of gas to households and businesses?

Daniel Ziffer and Tom Crowley 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?

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As the dust settles on the government’s big federal budget announcement, questions still remain about how and when changes will take place.

But what do some of Australia’s leading economists think of the proposed policies a fortnight later?

And power prices are set to fall for many customers with even bigger drops for businesses.

So what’s driving the relief, and how will this set the stage for tomorrow's latest inflation figures?

Daniel Ziffer and ABC Business and Economics Reporter Gareth Hutchens break it all down on ABC Business Daily.

You can read more about what economists are saying in Gareth's article here.

And have a look at Daniel Mercer and Fran Rimorod's piece on power prices here. 

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New economic data suggests people across Australia are staying put--forgoing job changes, new businesses, and interstate moves.  

So what’s keeping people feeling stuck? And what bigger costs might this have for the Australian economy?

Meanwhile, according to a Commonwealth bank commodity report, Chinese steel output has dipped while US output is undergoing something of a resurgence. What do these global trends mean for Australia's iron ore exports?

Daniel Ziffer and ABC News Business Editor Michael Janda break it all down on ABC Business Daily.

Listen to today's episode of Fuelcast here. 

And you can check out Dan's article on Australia's 'stuck' economics here. 

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US officials say the country is close to reaching potential peace deal with Iran - which would include the opening of the Strait of Hormuz. 

But, as before, the specifics (and certainty) are still up in the air. So is how is the global energy market reacting?

Daniel Ziffer 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 Dan and the team [email protected]

Housing is suddenly one of the biggest fights in Australian politics.

After years of timidity, both the government and opposition are now throwing punches on tax, migration, infrastructure, and supply in what could become a genuinely consequential moment for how Australia deals with housing.

Susan Lloyd-Hurwitz chairs the National Housing Supply and Affordability Council, the body tracking whether Australia is getting anywhere near fixing the problem. She also spent a decade running Mirvac, one of the country’s biggest property developers, so she knows both the policy machinery and the commercial reality of trying to get homes built.

She joins Alan Kohler to talk about why the 1.2 million homes target is “suitably ambitious” but already off track, why demand-side policies can be “seductive”, and why the real grind still comes back to supply.

They also get into the bigger structural mess - tax breaks, planning, productivity, modular construction, build-to-rent, homelessness, and whether Australia is dealing with a crisis that can still be fixed, or one it is about to normalise.

Susan Lloyd-Hurwitz joins Alan Kohler to unpack it all on That's Business with Alan Kohler.

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Today we're covering a handful of fresh figures that have just come in.

What do the latest employment numbers tell us about the state of the Australian economy? And what to make of tech giant Nvidia’s quarterly results that have surpassed Wall Street’s expectations?

And with Joe Longo’s last day as Chairman of the Australian Securities and Investment Commission, where do things stand with the superannuation scandal that coloured his tenure at the regulator?  

Daniel Ziffer and Nassim Khadem break it all down on ABC Business Daily.

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Major sell-offs are rippling across global bond markets as fears of rising inflation mount.

So why is the global bond market behaving this way? And what does this mean for the Australian economy?

Plus, fresh data from the Grattan Institute suggests that Australia is wasting billions of dollars on unused parking spots. What’s going on with capital city car parks?

Daniel Ziffer and Lin Lin break it all down on ABC Business Daily.

Listen to today's episode of Fuelcast here. 

Check out David Taylor's piece on the RBA's inflation concerns and Kenji Sato's piece on the Grattan Institute's car park data.

Got a burning business question?

Send a short voice recording to Carrington and the team at [email protected]