We are joined by Jim Tankersley of the New York Times to discuss his book The Riches of This Land: The Untold, True Story of America’s Middle Class. We also discuss TikTok, and the digital future of media.

HSBC Holdings plc’s earnings for third-quarter 2014 came in at 17 cents per share, 6% above the prior-year quarter figure. Net profit was $3.6 billion, up 4% year-over-year.

Several dampening factors – asset-quality troubles, mortgage liabilities and tighter regulations – will decide the fate of the U.S. banks in the quarters ahead.

The probe hinges upon the suspicion that the traders at the banks manipulated the foreign exchange rates which served as benchmarks for huge amount of investments.

Gold and silver had the usual hit today, that was almost perfunctory in its routineness.

China, believe it or not, is in more of a credit bubble than the United States. The United States has got lots and lots of problems. But China is actually worse - probably because they haven't been through this as many times as we have.