Also today: Fed chief Jerome Powell said The Fed is facing tension trying to balance dealing with high inflation and encouraging job growth. The FAA is hoping new software will reduce the time planes hang out on the runway, which would then help cut down greenhouse gas emissions. 

From the BBC World Service: While CureVac’s first generation COVID-19 vaccine fell short in efficacy, its boss says they’re not giving up and that a partnership with GlaxoSmithKline will help. We sat down with CEO Franz Haas at the firm’s headquarters in Tübingen, Germany. Plus, Britain’s furlough scheme ends today. It subsidized pay for more than 11 million people in sectors largely shut down by lockdowns. But is the U.K. economy strong enough to stand on its own two feet?

Also today: Susan Schmidt joins us to discuss the possible effects of the news coming out of Washington on the markets. We then talk about how businesses have “pivoted” to the world of online during the pandemic, and how some entrepreneurs have used that as a chance to innovate. 

Also today: China correspondent Jennifer Pak joins us to discuss the power cuts there, which have hit millions of homes and factories and can affect what we can eventually buy over here. Also, a new study shows how the pandemic has hindered global efforts to provide and grow access to electricity. 

From the BBC World Service: Japan’s ruling Liberal Democratic Party has selected former foreign minister Fumio Kishida as its new leader. He’s now almost certain to become Japan’s next prime minister within days, so what is the likely economic impact? A new study suggests that billions of dollars of China’s lending around the world is concealed from the country’s balance sheet. And there are indications that climate change is likely to have a more severe impact on low-income countries than high-income ones.

Also today: Then, we discuss the markets with David Kelly, chief global strategist at JP Morgan Funds. We then looking into how health care workers are preparing for staff shortages as they face mandated vaccines.

From the BBC World Service: There aren’t enough truck drivers to deliver fuel to gas stations right now and some have run dry. The U.K. government says there is enough gas to go round, provided it can be delivered. Plus, the boss of the Islamic Bank of Afghanistan says the country’s financial system is on the brink of collapse. And, how “flood wine” is helping German winemakers who suffered huge losses after devastating floods this summer.

Also today: We also discuss the resignations of the Boston and Dallas Fed chiefs and the trading controversy around them. Retailers are also gearing up for an unprecedented pandemic-era shopping season.

Also today: Julia Coronado converses with us about deferred optimism in the markets. A new survey also reflects economists’ tempered expectations of growth.