Global stocks took a hit today. There was red across the board from New York to Japan as investors have started to worry about the health of regional banks in the U.S., and the recent bankruptcies of an auto lender and car parts manufacturer. We'll learn the latest. Also, the U.S. Chamber of Commerce is suing to block the Trump administration's planned visa charges, and fewer international travelers are opting to come to the States.
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U.S. tries to block a global emissions deal for shipping
From the BBC World Service: A landmark agreement to reduce carbon emissions from global shipping is in danger of collapsing after President Donald Trump intervened. We'll unpack. Then, Singles' Day — China's biggest online shopping event — typically takes place on Nov. 11 but has started early this year as weak consumption dogs the world's second-largest economy. Plus, the global tattoo industry could grow to $6.5 billion by 2033. We talk with artists about the state of the tattoo biz.
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Trying to keep a fragile trade truce alive
U.S. and Chinese officials are getting together on the sidelines of International Monetary Fund and World Bank meetings in Washington to try and preserve a fraying trade truce. Yesterday, Treasury Secretary Scott Bessent offered a ray of hope, ahead of a planned meeting between President Donald Trump and Chinese President Xi Jinping later this month. Plus, what economic picture is non-governmental data painting right now? And, we’ll hear how some countries are vying for a piece of the AI revolution.
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Expect a spendy but price-conscious holiday season
Retailers are getting ready for the most magical time of their year: holiday shopping season. Holiday spending is expected to tick up, though that's driven mostly by higher prices. We'll hear more. Plus, the Community Development Financial Institutions Fund supports mission-driven lenders operating in rural, tribal, and otherwise underserved parts of the country. President Donald Trump recently tried to fire the entire staff of the CDFI as part of recent federal job cuts.
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Thousands in the UK take Johnson & Johnson to court
From the BBC World Service: A major legal claim has been filed in the United Kingdom against pharmaceutical giant Johnson & Johnson, accusing the firm of knowingly selling baby powder contaminated with asbestos. The case mirrors American litigation, where billions of dollars in damages have been awarded to plaintiffs. Plus, President Donald Trump says India will stop buying Russian oil. And, how can countries outside the biggest players — the U.S. and China — get plugged into AI infrastructure?
In less than 10 minutes, we'll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace's David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you'll get a global markets update from the BBC World Service in London.
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