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FROM THIS EPISODE

After three years of smooth sailing on Wall Street, investors were almost complacent, but then the New York Stock Exchange began to jump up and down. On October 8th, the Dow Jones Industrial Average had its best day of the year. Last week, it suffered its worst loss. That’s “volatility” by anyone’s definition, especially when the US economy is humming along. But Europe’s in big trouble—and Asia is in a stall. We’ll look at other signs that are giving investors the jitters. Is worldwide economic recovery being put on hold?

Also, Turkey allows Kurdish fighters inside its borders to fight the Islamic State, and two West African countries have stopped Ebola “dead in its tracks.”

Banner Image: Traders gather at the post that trades IBM on the floor of the New York Stock Exchange October 20, 2014. U.S. stocks were mixed on Monday, as the S&P 500 and Nasdaq advanced, but the Dow fell as quarterly results from IBM disappointed. REUTERS/Brendan McDermid

Producers:
Jenny Hamel
Evan George
Kareem Maddox

Turkey Appears to Give In on Aid to Kurdish Fighters 6 MIN, 30 SEC

After weeks of resisting any military role in the Syrian war, Turkey will allow Kurdish forces to cross its border and fight the so-called Islamic State in the besieged town of Kobane. Last night, the US dropped tons of arms, ammunition and medical supplies to the Kurds.

Daniel Dombey is based in Ankara, the Turkish capitol, for the Financial Times.

Guests:
Daniel Dombey, Financial Times (@Danieldombey)

Wild Swings in Global Markets Have Led to Fears of a Worldwide Slowdown 35 MIN, 49 SEC

“It wasn’t very long ago that the dread hovering over global financial markets was that things were getting too calm.” This summer, Federal Reserve officials were worried about complacency. Those days are very definitely over. America’s economy is finally looking good, but Wall Street’s sudden volatility is a signal that all is not well. We’ll hear how slow growth in Europe, Asia and South America has led to warnings about the continued impact of the worldwide recession.

Guests:
Neil Irwin, New York Times (@Neil_Irwin)
Peter Spiegel, Financial Times (@SpiegelPeter)
Carmen Reinhart, Harvard University
John Hofmeister, Citizens for Affordable Energy (@cfaenergy)

Nigeria and Senegal Case Studies in Ebola Crisis Response 7 MIN, 42 SEC

In August, the World Health Organization had a dire warning: Ebola might become unstoppable after it reached Lagos, Nigeria—Africa’s biggest city, where millions live in slums and shantytowns. Now, the WHO says, “world-class epidemiological detective work” has stopped Ebola “dead in its tracks”—not just in Nigeria, but in Senegal as well. Nightmare scenarios have been avoided. In both countries, 42 days have passed since the last reported case of Ebola—that’s twice the 21-day incubation period and the standard for declaring an outbreak over.

Geoffrey York reports from Johannesburg, South Africa, for Canada’s Globe and Mail. He’s just returned from Liberia.

Guests:
Geoffrey York, The Globe and Mail (@geoffreyyork)

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