Here is what you need to know.
Trump returns from Asia. President Donald Trump has returned to the US after his 12-day trip to Asia, and now has to deal with a White House and Republican party embroiled in multiple scandals.
Mohamed El-Erian is reportedly being considered for a post at the Fed. Allianz economist and former CEO of bond fund giant Pimco Mohamed El-Erian is being considered by Trump for a Fed board governor position, according to multiple reports.
Japan’s economy loses momentum. The Japanese economy grew at a 0.3% quarter-over-quarter clip in the September quarter, decelerating sharply from the previous quarter’s 0.6% growth.
UK unemployment holds at a 42-year low. The unemployment rate in the UK held at 4.3% in the three months to September, its lowest since 1975, according to the latest data from the Office of National Statistics.
Zimbabwe’s military seizes control. After taking control of the country’s state broadcaster, the military says President Robert Mugabe is “safe and sound.”
Warren Buffett loads up on Apple. Buffett’s Berkshire Hathaway raised its stake in Apple by 3% to 134 million outstanding shares, a regulatory filing showed.
2 of Snap’s biggest investors scooped up more shares. Fidelity and Coatue Management, the respective sixth and seventh largest holders of Snap shares, increased their stakes during the company’s third quarter, Reuters says, citing regulatory filings.
Stock markets around the world are lower. Japan’s Nikkei (-1.57%) lagged overnight and Germany’s DAX (-1.26%) trails in Europe. The S&P 500 is set to open lower by 0.52% near 2,565.
Earnings reports trickle out. Target reports ahead of the opening bell and Cisco Systems releases its quarterly results after markets close.
US economic picks up. The Consumer Price Index (CPI), Empire Manufacturing and retail sales will all be released at 8:30 a.m. ET. The US 10-year yield is down 4 basis points at 2.33%.
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