Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.Traderead more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.Politicsread more
Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.Airlinesread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
Tuesday's big data is vehicle sales for September, which could have seen a bump as drivers in hurricane-hit areas replaced some vehicles.
While many purchases may have been used cars and pickup trucks, economists were looking for a jump in new vehicle sales to an annualized pace of more than 17 million cars, after five months of sales below 17 million. Hurricane Harvey could also have created some softness in August vehicle purchases, which came in at a 16.1 million annualized rate.
Also on Tuesday, there's one Fed speaker who may get a lot more attention than usual. Fed Gov. Jerome Powell speaks at 8:30 a.m. ET on regulatory reform at the Reuters Summit Conversation on U.S. Financial Regulation in Washington.
for the Fed chairman job. Former Fed Gov. Kevin Warsh was also interviewed, and he is .
As for stocks, Monday's across-the-board surge in major indices to new highs could draw more buyers in Tuesday as the fourth quarter kicks off. The rose 152 points to 22,557, and the was up 9 at 2,529, but it was the that led the charge. The Russell jumped 1.2 percent, or 18 points, to 1,509.
"The S&P small- and mid-cap and Russell 2000 are all exploding, and I think that's because tax cuts are coming," said Art Hogan, chief market strategist at Wunderlich Securities.
He said the tax proposal, unveiled last week, could continue to be a market catalyst. Small-caps are disproportionately helped by lower taxes because they pay a higher rate on average above 30 percent, while S&P 500 multinationals pay an average 27 percent, Hogan said.
There are a few earnings reports Tuesday, including and .