(Markets Edition) Republicans and Democrats have come up with a way to keep the government funded for about two years. Diane Swonk, chief economist at the firm Grant Thornton, joined us to discuss how the bond market is reacting to Washington's spending plans. Afterwards, we'll look at a new study that shows southern cities have the highest credit card debt burden, and then talk to travel aficionado Mark Orlowski about ways you can keep yourself healthy with flu season underway.
(U.S. Edition) Congress might finally approve a longer-term budget deal, with the Senate expected to vote on one today and the House to follow. On today's show, we'll look at some details in the proposal, which would include a big hike in military spending and an increase in the debt limit (an unpopular move). Plus: How Montecito, California, is dealing with the aftermath of a series of mudslides last month.
(Global Edition) From the BBC World Service … China’s yuan fell sharply this morning, at one point suffering its biggest decline since it was devalued by the country’s central bank in 2015. We’ll explain what’s pressuring the currency. Then, an interest rate decision and revised inflation forecasts are due out in Britain today. There’s been just one rate rise since the financial crisis of a decade ago … so, with Brexit risks looming on the horizon, what’s on tap from the Bank of England? Afterward, with wild weather swings, are catastrophe bonds a good investment?
(Markets Edition) Who's to blame for all of this recent financial turbulence? Some are pointing fingers at the VIX Index, which measures volatility. We'll look at some of the frustration directed toward it. Afterwards, we'll discuss the success of Tesla's ambitious Falcon Heavy launch, and some of the competition Elon Musk will have to face.
(U.S. Edition) With the market fluctuations we've been seeing this past week, does this bode badly for business decisions like hiring? While no one really knows, many analysts agree that economic fundamentals haven't really been driving this volatility. We'll break down some of the underlying causes. Afterwards, we'll discuss why traders are actually fans of all these swings, and then look at why safe-haven currencies might not be the safe haven they used to be for investors at a time like this.
(Global Edition) From the BBC World Service … Four months after elections, Germany’s two biggest political parties have finally made a deal to form a coalition government. What will it mean for long time Chancellor Angela Merkel? Then, there are calmer waters in the global stock market after a turbulent few days – but will more volatility resurface later this year as central banks continue to move to more normal monetary policy? Afterwards, Stockholm, Sweden, is poised to implement a ban on racist or sexist advertising in public spaces. But the plans, set for a final approval vote next month, have already caused a stir among advertisers.