The war in Iran is creating economic uncertainty around the world, with higher inflation putting pressure on central banks, including the RBA, to hike interest rates.

So, why are stocks still surging on Wall Street, driving the value of the world’s biggest sharemarkets to record highs? 

Today the ABC’s finance expert Alan Kohler on why investors remain so optimistic and it’s got a lot to do with AI.  

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Alan Kohler, ABC finance expert

The new battle in the Strait of Hormuz

ABC News Daily is the podcast that helps you understand the issues affecting your world. Every episode, host Samantha Hawley walks through one story with the help of an ABC colleague or expert in under 15 minutes. When you want coverage you can trust, listen to ABC News Daily.

From interest rates, real estate and the housing crisis, to scams and US politics, ABC News Daily brings you facts and analysis you need to understand the biggest news stories.

The podcast covers news from America, with analysis of the Donald Trump administration in the White House. His actions, including threats of massive tariffs have big implications for global politics and the economy and US journalists and experts will explain what's at stake. 

As Australians battle a cost-of-living crisis, ABC News Daily looks at the causes of inflation, rising rental costs, house prices, insurance costs and the price of groceries. Key experts in business and finance join Samantha Hawley, explaining the state of the economy, the unemployment rate and the jobs market.

Whether you rent, own an investment house or apartment, or are repaying a mortgage, ABC News Daily offers unique insights and analysis. When there are big moves from the Reserve Bank (RBA) on interest rates, or reactions in the ASX or the Australian dollar, guest experts, including economists, explain why.

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Watch for episodes about federal politics and the leadership of Labor's Anthony Albanese. We look at policy areas that matter for voters, including education, health, housing and immigration and assess the proposals from the federal opposition. 

ABC News Daily follows developments in the Middle East and the war between Israel and Hamas, with insights into the actions of Benjamin Netanyahu.

The podcast looks at the latest from Ukraine as Volodymyr Zelensky fights to repel the Russian invaders led by Russia's President Vladimir Putin. As China's Xi Jinping contemplates the future of Taiwan, ABC News Daily will sort fact from fiction.

As climate change fuelled by greenhouse gas emissions increases the risk of natural disasters, including fires and floods, ABC News Daily brings you fact-based analysis.

The podcast covers the future of renewable / green power generation, including the use of wind turbines, solar and hydro electric power.

ABC experts including Ian Verrender, Alan Kohler, Laura Tingle, David Speers, and Annabel Crabb join Samantha Hawley to step through big issues and current affairs.