(Markets Edition) The markets keep hitting new highs. Is this bullish sentiment or are actual profits pushing these stock prices? Susan Schmidt from Westwood Holdings Group stopped by to discuss earnings season, in which the big banks have reported better-than-expected earnings. Afterwards, we'll go back 30 years to revisit the markets when they weren't doing so well. On Oct. 19, 1987, the stock market suffered its biggest single-day drop in U.S. history, and it turns out that in 2017, our regulatory system and circuit breakers might not be enough to prevent a similar decline.
(U.S. Edition) President Xi Jinping delivered a big speech today to kick off China’s Communist Party Congress, which happens twice a decade. We'll look at the economic policies Jinping is expected to focus on during the event. Afterwards, we'll speak with author Diana Henriques about Black Monday, the stock market's biggest single-day drop in U.S. history. She shares some of the lessons that America still needs to learn from that event.
(Global Edition) From the BBC World Service ... Revitalizing the Chinese economy has been a key part of President Xi Jinping’s leadership, but some say those efforts have come up short. Can his promise of a “new era” in Chinese politics fire up the nation’s growth engine? Afterwards, we’ll discuss the rural and urban divide in Shanghai and why upward mobility is so difficult to achieve there. Then, we’ll take you to Australia where UK regulators hit Rio Tinto and two former executives with the biggest-ever fine, and explain what that could mean for one of the world’s largest mining companies.
(Markets Edition) Earnings season is looking good so far. Wall Street banks Goldman Sachs and Morgan Stanley have reported better-than-expected earnings. David Kelly, chief global strategist for JP Morgan Funds, joined us to talk about some of the factors fueling their success. Next, we'll discuss the Senate's expected vote this week on a budget resolution whose outcome is hard to predict. And finally, we'll look at America's growing shift to electric homes.
(U.S. Edition) Canadian jet manufacturer Bombardier has been in an ongoing trade fight with America's Boeing. Well, now Bombardier is selling the majority stake of its C-series plane to the French company Airbus. We'll report on why the Canadian company went through with the deal and how it may be able to sidestep a high U.S. tariff as a result. Afterwards, we'll discuss whether Congress can help make consumer data safer, and then look at Seattle's bid to become home to Amazon's second headquarters.
(Global Edition) From the BBC's World Service ... The partnership sees Airbus take a majority stake in Bombardier's C-Series jet and analysts say it could have huge implications for the industry. The planes can be assembled inside the U.S., potentially avoiding the crippling 300 percent import tariff the U.S. government wants to see imposed. The deal hasn't been welcomed by U.S. rival Boeing — they complain that the firms receive too much state support. In China, preparations are underway for the Communist Party Congress, which begins tomorrow. President Xi will set out his economic vision for the next five years. We take the mood of state-run media, who have published an editorial attacking Western democracy. And is cash really heading for the trash? We hear from Victoria Cleland, chief cashier of the Bank of England, who says last year British banknotes grew 10 percent in value.