About this episode
High Hopes…The Dow Jones, S&P 500 and the Nasdaq hit a fresh record high off the back of strong economic data and a renewed sense of hope surrounding the U.S.-China trade deal. The optimism is voiced by Chinese President Xi Jinping who calls for closer cooperation to solve global trade disputes at the opening of the China International Import Expo. There are also reports that Washington could be prepared to drop some tariffs to reach an agreement with Beijing. In corporate news, ride-hailing app giant Uber beats Q3 expectations but still reports a quarterly loss of more than $1bn. CEO Dara Khosrowshahi tells this channel he predicts the company will be profitable by 2021. And we are live at the Web Summit in Lisbon where we hear from Verizon executive vice- president Ronan Dunne. He says that the U.S. has what it takes to compete in the 5G arena. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .