ABC Business Daily

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.

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]

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.

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Send a short voice recording to the ABC Business Daily team at [email protected]

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]

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]

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]

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]

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]

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.

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]