ABC News Daily

Will we pay for Trump’s bond market turmoil?

Bond markets around the world are under pressure, as investors sell bonds and demand higher returns to lend governments money.It's pushing up borrowing costs and the effects can flow through to the mortgages, bank loans and credit cards we rely on every day. So, what’s driving the global bond sell off, and is the Trump administration's ballooning government debt to blame?Today, Justin Wolfers, professor of economics and public policy at the University of Michigan, explains what’s happening in the bond market and what it means for your money.  Featured:  Justin Wolfers, professor of economics at the University of Michigan and founder of Platypus Economics 

How China Shock 2.0 will reshape the world

In the 2000s, a wave of cheap Chinese goods that flooded global markets and wiped out manufacturing jobs became known as the China Shock.  Now it's sequel, China Shock 2.0 has arrived.  But this time, China isn't just exporting cheap goods. It's taking on the world in cutting-edge technology, from AI to electric vehicles and robotics.   Today, economist David Autor, who helped coin the phrase 'China Shock' and is one of Time magazine's most influential people of 2026 in AI, on whether the world is ready for it. Featured:  David Autor, Professor in the MIT Department of Economics 

How long will Trump stand by Hegseth?

According to Donald Trump, Pete Hegseth is doing a 'fantastic job' running the US military.  But this week one of his most senior officials, the Army Secretary, quit after months of tensions with Hegseth, who has already purged dozens of other senior generals and admirals.  Today, staff writer at The Atlantic Missy Ryan on the turmoil at the Pentagon, and how long Hegseth will continue to have Trump’s backing. Featured:  Missy Ryan, staff writer at The Atlantic 

Paul Barry on the steel tycoon who fooled Australia

In 2017, billionaire Sanjeev Gupta arrived in Whyalla promising to save the town’s struggling steelworks and hundreds of local jobs. But nearly a decade later, the steelworks is still fighting for survival. Gupta's business empire has unravelled and he has left Australia along with the promises he made. So what went wrong? Today, former Media Watch host Paul Barry takes us inside the rise and fall of Sanjeev Gupta’s steel dream and how he fooled Whyalla and the world. Featured:  Paul Barry, author of The Big Steel: How steel tycoon Sanjeev Gupta fooled Australia and the world

An avalanche survivor on the melting Himalayas

Dr. John All is a mountaineer and scientist who nearly lost his life after falling more than 20 meters down an icy crevasse while researching how quickly the Himalayas are melting. A week after a catastrophic flood struck the Nepal-Tibet border, he warns the tragedy we’ve seen in the region could be repeated as pollution and rising temperatures turn mountain ice into water.  Today, he speaks about researching climate change in treacherous terrain, and how soon the Himalayan glaciers could disappear.  Featured:  John All, mountaineer and co-founder of the American Climber Science Program