The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
U.S. stock index futures pointed to a slightly higher open Friday after the release of a disappointing jobs report.
Dow Jones industrial average futures rose 37 points, while S&P 500 and Nasdaq 100 futures advanced 2.75 points and 35.25 points, respectively.
The U.S. economy added 261,000 jobs last month. Economists polled by Reuters expected a gain of 310,000 jobs. The report also showed average hourly earnings remained flat for October.
Other data set for release Friday include the U.S. Services PMI, followed by factory orders and the non-manufacturing ISM report on business.
Looking to the central bank space, investors are likely to still be digesting the news that President Donald Trump nominated Fed Governor Jay Powell as the person to take on the role as head of the U.S. Federal Reserve from February 2018. Powell will be replacing current Chair Janet Yellen when her tenure expires.
Switching back to today's session, Minneapolis Fed President Neel Kashkari is set to participate in a luncheon, discussing a variety of topics at a Women in Housing & Finance event in Washington.
In politics, House Republicans unveiled a plan Thursday to overhaul the tax code. As part of that reform package, the GOP aims to permanently lower the corporate tax rate to 20 percent. The House bill would also slash the number of income tax brackets from seven to four.
President Trump will be beginning his trip to Asia on Friday, stopping off in countries including Japan and China to strengthen the U.S.' relationship with Asian nations.