Dow Tumbles Over 500 Points, Bringing 2-Day Losses To More Than 1,300 Points. America’s obesity is threatening national security, according to this study. Oil supply and demand reach record 100 million barrels a day. May vows she will NEVER sign up to a Brexit deal that traps the UK in the customs union ‘permanently.’ IEA: ‘Expensive energy is back.’ China’s trade surplus with U.S. hits record. China auto sales plummet. Astronauts make harrowing escape, but Russian rocket failure roils NASA. Russia dossier author criticizes Trump, slams ‘strange and troubling times.’
Trump Says Fed ‘Has Gone Crazy’ Following Stock Market Selloff. Report: Saudi Crown Prince ordered detention of journalist critic. UK surveyors see weakest house price outlook since Brexit vote – RICS. Manufacturers fighting Trump’s tariffs. Leaked Google research shows company grappling with censorship and free speech. Trump briefed on stock market sell-off: Sears prepares to file for bankruptcy in coming days: sources. Euro zone bailout fund head – no reason to expect Italy to lose market access.
‘Extremely Dangerous’ Hurricane Michael Strengthens To Category 4 Storm. Fed’s Kaplan says he doesn’t expect a sudden spike in inflation. Haley announces she is resigning as UN Ambassador, says U.S. is respected again. Sales down 18% at VW, latest auto maker dented by emissions rules. Trump criticizes Fed rate increases again. Global financial stability risks rising with trade tensions, IMF says. HSBC to pay $765 million to settle U.S. mortgage securities mis-selling claim. WSJ: Britain, EU closer to Brexit deal. IMF warns some emerging-market countries could face ‘severely adverse’ capital outflows.
The Trump Administration Just Escalated Its High-Stakes Competition With China. Colin Powell rips Trump on immigration, NATO, anti-press rhetoric. Russian official tied to Trump Tower meeting dies in helicopter crash. U.S. tariffs on China aren’t a short-term strategy. Brett Kavanaugh sworn in as U.S. Supreme Court justice. Donald Trump: Women ‘are extremely happy’ with Brett Kavanaugh. Erdogan says closely following case of missing Saudi journalist. Commercial banks donate $2.5 million to Senate Democrats for midterms. Deutsche Welle: Germany warns Russia over cyberattacks. Amazon is doubling down on its private label business, stoking ‘huge fear’ in some sellers. Banksy artwork self-destructs after £1m auction sale. Italy works on extending Alitalia loan deadline: source.
Tech Stocks Tumble As Market Momentum Stalls. Job growth slumps in September, but the unemployment rate hits the lowest level since 1969. Top U.S. admiral warns of Russian submarine threat. Ford to cut jobs as it reorganizes salaried workforce. Netflix is down 15% from its high, and there could be more pain ahead. Consumer credit grows $20.1 billion in August, fastest pace in three months. Mattress Firm is about to close more than 200 stores. Canadian crude hits record low vs. U.S. amid pipeline bottlenecks. British stocks posts biggest weekly drop in six months on strong U.S. jobs report. Oil prices mark weekly gain ahead of Iran sanctions. Gas fracking to start in England next week after seven-year halt.