ABC News Daily

Global stock market turmoil this week saw spooked investors dumping billions of dollars in shares, before a rebound restored a lot of the value. 

There are jitters about the true value of surging stocks on Wall Street, the risk of a recession in the United States and interest rate rises in Japan. 

Today, the ABC’s chief business correspondent Ian Verrender explains what’s going on and what it means for us and the future of interest rates. 

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Ian Verrender, ABC chief business correspondent

Kamala Harris has chosen Tim Walz as her running mate. 

The 60-year-old Governor of Minnesota has already gone viral for calling Donald Trump ‘weird’, but will he secure Harris victory in November’s US election? 

Today, political scientist Andra Gillespie on why Harris picked the former school teacher and the swing voters that might be tempted to back the pair. 

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Andra Gillespie, associate professor of political science at Emory University

The regional airline Rex had an ambition to break into the lucrative ‘golden triangle’, the busy airline routes between Sydney, Melbourne and Brisbane. 

It got a handful of big jet aircraft and started to take on the established players, Qantas and Virgin. 

But after just three and a half years, those routes have been scrapped and the airline is in administration. 

So, what went wrong? 

Today, aviation expert Ian Douglas on Rex’s downfall and whether Australia could ever support more than two major airlines. 

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Ian Douglas, senior lecturer at UNSW Sydney’s School of Aviation

It hasn’t raised the terrorism threat level for a decade, so why is ASIO increasing it now?

The top spy body says a terrorist attack in Australia is now probable, up from possible. 

More people holding extreme ideologies are leading to a ‘volatile and unpredictable’ security situation. 

Today, we discuss what’s going on and how we should react, with counter-terrorism expert Lydia Khalil from the Lowy Institute. 

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Lydia Khalill, program director of transnational challenges at the Lowy Institute

We all love a trip to Europe in summer, but have you ever felt like you’re not really welcome there? 

Melbourne woman Claudia had that inkling in Barcelona recently when locals made it clear they wanted her to go home. 

Today, we look at the growing anger in some of the most popular tourist cities and what is being done to try to ease the pressure. 

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Claudia, Australian tourist

Sebastian Zenker, professor in tourism at the Copenhagen Business School

Donald Trump is questioning his opponent Kamala Harris’s race, suggesting she started calling herself Black to gain political advantage. 

The sexism is also remarkable in 2024 with Trump labelling Harris a ‘play toy’ for world leaders. 

This, after 2021 comments surfaced from JD Vance, where Trump’s pick for vice president derided Democratic Party leaders like Kamala Harris as ‘childless cat ladies’. 

Remember when we had our own female leader who complained of sexism and misogyny in politics?

Today, we discuss it all with ABC commentator and presenter, Annabel Crabb. 

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Annabel Crabb, ABC writer and presenter

We’ve had 13 punishing interest rate rises that were supposed to quickly kill off inflation. 

While price rises are not nearly as bad as they were a year or two ago, the main measure of annual inflation has ticked up again. 

It’s key information to help the Reserve Bank board decide what to do about interest rates when it meets next week. 

Despite inflation being ‘sticky’, it’s a long way off its peak. So, is the result good enough for rates to remain on hold?

Today, economist Cassandra Winzar with her verdict on rates and a forecast on when things will start getting easier. 

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Cassandra Winzar, chief economist, Committee for Economic Development of Australia 

While Australia’s inflation rate is now well below its peak, voters are still struggling to make ends meet. 

If you believe the polls, it’s a problem for Prime Minister Anthony Albanese, given an election is due within a year. 

Voter confidence has taken a dive and Opposition Leader Peter Dutton is making ground on his opponent. 

Today, the ABC’s Patricia Karvelas on the link between voting intentions and the state of the economy. 

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Patricia Karvelas, host of RN Breakfast and The Party Room podcast

When it’s so hard to find a place to live and buying property is out of reach for many young Australians, you wouldn’t believe how many properties are sitting empty. 

What can be done to stop home owners from leaving prime real estate vacant?

Today, the good and bad reasons homes are left vacant and how governments could force owners to get these properties back on the market. 

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Michael Janda, ABC business editor

Donald Trump plans to increase taxes on Chinese imports to the United States if he wins November’s election. 

It would escalate a trade war with China and risk a massive disruption to global trade. 

Would it really bring lost manufacturing jobs back to US towns and cities, or just push up prices? 

Today, chief business correspondent Ian Verrender explains the potential global impact of Trump’s risky economic plan. 

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Ian Verrender, ABC chief business correspondent