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Full episode: 04/10/1994

Watch Charles Osgood's debut as host of CBS' "Sunday Morning," originally broadcast April 10, 1994. Features include: Terence Smith on doctors who still make house calls; TV critic John Leonard reviews the PBS series, "Middlemarch"; Randall Pinkston profiles Curtis Mayfield, several years after an accident left the singer paralyzed; Martha Teichner on the U.S. Army's World War II ski patrol, the 10th Mountain Division: Ray Brady on stock market fluctuations; Tim Sample on making maple syrup in Maine; Osgood on struggling pro golfer Mike Donald; and scenes of wildflowers in Texas.

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Jacob Frenkel, chairman of JPMorgan Chase International, told CBS News in Davos, Switzerland, that recent stock market free falls around the world are "an exaggeration of the impact of the slowdown in China."

Jacob Frenkel, chairman of JPMorgan Chase International, told CBS News in Davos, Switzerland, that recent stock market free falls around the world are "an exaggeration of the impact of the slowdown in China." Here's why stocks markets and what he calls the "real economy" are two different things.

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The Shanghai Index fell 8.5 percent, and Japan's Nikkei lost more than 4 percent

Stock markets around the world are tumbling because of bad news from China. The Shanghai Index fell 8.5 percent, and Japan's Nikkei lost more than 4 percent. Top European markets opened lower as well. The Dow Jones Industrials are already coming off their worst week in four years, losing more than 1,000 points. CBS News financial contributor Mellody Hobson joins “CBS This Morning” from Chicago to discuss the market fallout.

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