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Money in 60 Seconds - November 16, 2018

Holiday bonuses are almost here! Should you save or spend this year? It's Money in 60 Seconds with Sallie Krawcheck!And go deeper on topics like cybersecurity and artificial intelligence at Microsoft on The Issues.

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Australian Prime Minister Anthony Albanese speaks to supporters near Sydney on May 3, 2025, after his ruling Labor Party won majority seats in the general election and he secured a second consecutive three-year term.
Kyodo

Australian voters have handed incumbent Prime Minister Anthony Albanese’s centre-left Labor Partya decisive second term, securing at least 85 seats in the nation’s 150-member House of Representatives.

A fire rages in an apartment block damaged by a large-scale Russian drone attack in Zaporizhzhia Where: Zaporizhzhia, Ukraine When: 01 May 2025
Dmytro Smolienko/Ukrinform/Cover Images

Is US President Donald Trump turning the tables in Ukraine? On Sunday, the New York Timesreported that Washington would be sending Kyiv a Patriot air defense system being refurbished in Israel, while Greece and Germany are in discussions to furnish another one.

U.S. President Donald Trump speaks next to U.S. Defense Secretary Pete Hegseth and U.S. Secretary of State Marco Rubio during a cabinet meeting at the White House in Washington, D.C., U.S., April 30, 2025.
REUTERS/Evelyn Hockstein

8: On NBC’s Meet the Press on Sunday, Donald Trump confirmed he won’t seek a third term, saying “I’ll be an eight-year president, I’ll be a two-term president.

Map of US car exports.
Paige Fusco

The American car industry is big business, both economically and politically. As with most US industries, globalization has heavily intertwined the automobile sector with the rest of the world, leading to a complex web of imports and exports that help cars reach their destinations.

US Secretary of State Marco Rubio and National Security Advisor Mike Waltz speak with the media following meetings with a Ukrainian delegation on Ukraine-Russia peace talks, in Jeddah, Saudi Arabia, on March 11, 2025.
Saul Loeb/Pool via REUTERS

US National Security Adviser Michael Waltz will exit his post, CBS News first reported, and will be nominated as ambassador to the United Nations. The move brings a premature end to the Floridian’s tumultuous White House stint, one that has been marred ever since he accidentally added a journalist from The Atlantic to a Signal chat discussion about US attack plans in Yemen.