Is a financial collapse coming worse than the Wall St crash?

The News Agents

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Friday, 31 July 2026 - 44 minutes

Andy Burnham hasn't even been Prime Minister for two weeks, but the early verdict is positive. He's looked decisive, commanded the agenda and projected authority. The question is: will that matter?

New governments often think they know what will define them but history has a habit of intervening. The biggest political events are often the ones nobody sees coming. Could the next defining crisis already be taking shape?

This week saw a bruising sell-off in AI stocks as investors questioned whether the more than $1.5 trillion pouring into AI can ever deliver the returns being promised. Some are beginning to ask whether we're watching an AI bubble form. And if it bursts, the consequences could stretch far beyond Silicon Valley.

The last time we saw a collapse on this scale was 1929 - the Wall Street Crash. It reshaped politics, economics and the course of the twentieth century.

This Friday, Andrew Ross Sorkin joins The News Agents to discuss his new book on the 1929 crash. What really caused it? And why the parallels with today's AI boom are becoming harder to ignore?

The News Agents is a Global Production.

The News Agents is brought to you by HSBC UK - https://www.hsbc.co.uk/

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