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The Karl Stefanovic Show: Daily Summaries Delivered
by Karl Stefanovic
Introducing The Karl Stefanovic Show. A chance for me to get curious. A few decades on the telly has given me a very good bullshit meter - and an eye for a bloody great story. This show will be the people I know you want to hear from too - across politics, sport, business and culture. Unfiltered. Unscripted. Uncensored. I'll go there. Why not? No spin. Lots of fun. Ready to take a walk on the wild side?
Latest Episodes
The most recent episodes — sign up to get AI-powered summaries of each one.
- 2 days ago1h 3m
Cost of Living: The Tax Fix Kogan Says Australia Needs
Kogan.com founder Ruslan Kogan says Australia needs a circuit breaker. He warns David Jones won't be the last big name to fall, and says nobody in business is excited about the future right now. With families tightening their belts, his own business is doing well, and he says he feels bad about it.His fix: a tax system that rewards people who build and employ, two old rules gone for every new one, and politicians who act like they face an election every day.He also tells Karl how it all started. His parents arrived in Melbourne from the Soviet Union with $90 and worked three or four jobs while raising their kids. As a kid in a housing commission flat, he built his own computer and sold lost golf balls back to golfers. He quit a safe job at Accenture, made his mum cry, and started Kogan.com with two TVs and no money.Investors told him to bugger off. So he got customers to pay upfront, flew to China to test every TV himself, and paid a driver to follow the container to the shipping yard. He says Kogan.com now does more sales by quarter past midnight than it did in its entire first year.He picked a fight with Gerry Harvey on purpose, then nearly lost the business when COVID ended and the stock kept coming. What he built to survive is the business it is today.Karl sits down with the founder of Kogan.com to talk about:• David Jones, tax, red tape and why he says nobody in business is excited right now• Arriving from the Soviet Union with $90, and selling lost golf balls back to golfers• The TV order that started Kogan.com, and the investors who said no• Kogan vs Harvey Norman, and the Today Tonight story that started it• The COVID over-order that nearly put Kogan out of businessCHAPTERS0:00 AI and the end of brand loyalty0:49 What sort of country are we building?4:04 Arriving from the Soviet Union with $907:04 Teaching Mum about opportunity cost9:58 Selling golf balls back to golfers12:20 Quitting Accenture14:46 Miami, and the TV that started Kogan.com16:47 Customers paid upfront for the first container19:19 What the TV store doesn't tell you21:17 More sales by 12:15am than in year one21:36 Kogan vs Harvey Norman26:19 Is online retail good for Australia?28:12 Sovereignty and supply chains30:30 Winning COVID, then over-ordering31:59 The edge of the cliff33:43 What the crisis built37:32 Back to profit, and going public39:44 The daily share price40:52 50 million products and Kogan First45:09 What worries him about Australia46:41 Tax, red tape and a trainer too scared to post49:37 Why business people are never the heroes51:18 Inflation and the blame game52:47 Advice for small business53:59 More David Joneses54:30 An election every dayThis episode is brought to you by Tanda. Rostering, payroll and HR for Aussie businesses: tanda.com.auWatch and listen on YouTube and all podcast apps.
- 4 days ago42 min
Cost of Living: How Supercars Plans to Beat the Crisis for Aussies
Barclay Nettlefold bought the whole sport in the middle of COVID. He's not a car guy, and he's never driven one. Now he wants to take Supercars to Singapore, Malaysia and the Middle East, the way the NRL took rugby league to Las Vegas.Karl sits down with the owner of Supercars to talk about:Toyota, and the next car maker coming to the gridThe decision to drop Neil Crompton from the commentary boxRacing NASCARKeeping a weekend at the track affordable for regional families in a cost of living crisisWhy he thinks sport is worth more than everChapters0:00 Why buy Supercars?1:11 Media, sport and sailing2:24 Buying the whole sport6:01 How much trouble Supercars was in7:33 The team owners9:13 From billboards to Europe's biggest football leagues13:07 When the car makers left16:36 Tickets, broadcast and the money17:28 Finals, concerts and a bigger show19:06 Free-to-air vs streaming19:44 Neil Crompton21:11 Toyota, a fourth car maker and going global22:28 Supercars vs NASCAR26:01 Dick Johnson and the characters27:14 Rating Australia's other sports bosses28:07 Bathurst31:37 Too scared to drive one34:18 Cost of living36:02 Women, families and camping at Bathurst37:40 Why sport is worth more than ever39:04 Fuel pricesThis episode is brought to you by Tanda. Rostering, payroll and HR for Aussie businesses: tanda.com.au/karlWatch and listen on YouTube and all podcast apps.#Supercars #Bathurst #thekarlstefanovicshow
- 6 days ago50 min
Cost of Living: The Inflation Fix Politicians Haven’t Tried
Cost of living and interest rates: Interest rates are at their highest since 2008. Economist Saul Eslake on who’s carrying the inflation burden — what it even means — and a fairer way to fight it.Only about a third of households have a mortgage, but they’re doing most of the heavy lifting on inflation. Saul explains why prices won’t budge, how much government spending is adding to the problem, and the superannuation idea he says would share the load more fairly.Victorian Elections: Then Melbourne radio legend Neil Mitchell on the Victorian election on November 28. Labor has run the state for 12 years, Neil says voters are furious about crime, hospitals and potholes, and One Nation could hold the balance of power. This is Australia’s equivalent of the US midterms, and Neil says it could be an early predictor for the outcome of the next federal election.In this episode:Why the RBA keeps raising rates, and when Saul thinks they’ll come downWhat’s keeping inflation highA fairer alternative to rate risesHow much government spending is adding to inflationNeil on the leaders, One Nation and his call on who wins
- 1 weeks ago6 min
Cost of Living: A Message to Every Aussie Doing It Tough
Interest rates at an 18-year high, and the cost of living keeps climbing. For a lot of Australians, this one’s hurting.Families. Small business owners. Farmers. You’re doing it tough, and I see you.The government isn’t riding to the rescue, and neither is the Reserve Bank. So it’s on us. We’ve come through droughts, floods and fires by looking after each other. We’ll get through this the same way.Let me know what you’re going without.#KarlStefanovic #InterestRates #CostOfLiving
- 1 weeks ago42 min
What is inflation and why do interest rates keep rising?
Alexander Downer talks inflation, government spending and your mortgage, recorded before the Melbourne Cup Day rate call.The former Liberal leader and Australia’s longest-serving foreign minister has seen it all. The highs and lows. So what does he prescribe for the future based on the past?Interest rates have gone up four times this year, to 4.60 per cent. Inflation hit 4.3 per cent in the year to September. On Melbourne Cup Day, the Reserve Bank decides whether to go again.Here’s how it works. When prices rise faster than the Reserve Bank’s 2-3 per cent target, it lifts the cash rate. Borrowing costs more, households and businesses spend less, and price rises slow. The question is what’s pushing prices up in the first place.He says it’s government spending, state and federal. The Reserve Bank says demand from both government and the private sector is running ahead of what the economy can supply, and higher oil prices from the Middle East conflict are adding to it.Karl asks Downer what that means for families, whether we just get used to higher rates, and how we get out of it.How rate rises are meant to bring prices down The interest bill on government debt, and what it could pay for instead Why the inflation target is 2-3 per cent, not zero What happens when a country can’t borrow cheaply any moreWhat families can do right now
- 1 weeks ago1h 9m
HOW A WESTERN SYDNEY KID CONQUERED LAS VEGAS
The tradie behind Thunder From Down Under, Vegas' longest-running male revue, on Western Sydney, the Gold Coast and going all in with it all off.Billy Cross grew up in housing commission in Sydney's west and left home at 16 on his L's. He did a bricklaying apprenticeship, got the ticket and never laid a brick. Then a Gold Coast nightclub asked him to take his shirt off. He couldn't dance. He learned.That show became Manpower Australia, then Australia's Thunder From Down Under. It's been stripping in Las Vegas since 1993, and working the Strip full-time since 2001. But first, he lost his shirt in London's West End. Well, most of his Australian tour money, he says.Karl and Billy get into:Leaving Liverpool at 16, and the bricklaying ticket he never usedHens, mums and grandmas: the Gold Coast Monday nights that started it all1,500 seats in London, and 16 turned up, he saysThe VHS tape that got him a full hour on Phil DonahueAll in or go broke: the first male revue with a permanent home on the Las Vegas StripThis episode is brought to you by Tanda. Rostering, payroll and HR for Aussie businesses: tanda.com.auWatch and listen on YouTube and all podcast apps. #thunderfromdownunder #lasvegas #goldcoast
- 1 weeks ago47 min
The Immigration Debate Nobody’s Having About Your Dinner
Immigration is the hottest issue in Australia. But there’s a layer most people never see, and it’s bringing you dinner.Sydney restaurateur Mario Libertini has spent 46 years in hospitality. He runs two busy restaurants. The customers are there. The staff aren’t. He hasn’t found an apprentice in five years, and he says the only workers he can get come from overseas.Karl and Mario get into why young Australians are walking away from hospitality, how the new visa rules are turning work into a game show, what it means beyond restaurants for aged care, childcare and the farms, and why, after 46 years, Mario wouldn’t open a restaurant today.In this episode:The big red button ad, and why it went viralWhy young Aussies stopped wanting hospitality jobsThe backpacker ballot and new student visa rules, explainedApprentices, social media and the “elevator generation”How to get young Australians back behind the barThis episode is brought to you by Tanda. Find out more at tanda.com.au/karl#immigration #hospitality #australia
- 2 weeks ago35 min
Wind Farms Are Splitting Country Towns. Who Gets a Say?
Neville and Gladys retired to cattle country near Jandowae, Queensland, for peace, cattle and a view of the Bunya Mountains. Then some of the tallest wind turbines in Australia went up next door.“I’m not against wind farms,” Neville says. “But you don’t want to be looking at them all the time.”Karl heads out west to the Wambo Wind Farm to ask who decides where turbines go, and who lives with the decision. For the farmers hosting them, turbines are good money. The town gets a community fund. But for the neighbours who turned down the offer to host, it’s the noise, the shadow flicker, property values, and a community that’s been split.Karl also hears from neighbour Fiona Duff, and from local member David Littleproud on setbacks, noise limits and who pays to pull them down in 30 years. Wambo was approved in 2020, before Queensland tightened its wind farm rules in 2025.
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About The Karl Stefanovic Show
Introducing The Karl Stefanovic Show. A chance for me to get curious. A few decades on the telly has given me a very good bullshit meter - and an eye for a bloody great story. This show will be the people I know you want to hear from too - across politics, sport, business and culture. Unfiltered. Unscripted. Uncensored. I'll go there. Why not? No spin. Lots of fun. Ready to take a walk on the wild side?
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