1) Because of the trade war, General Motor’s third quarter sales in China has dropped.
2) China Markets continue to drop, in part, because China has allowed its banks to reduce their cash reserves in order to inject cash into China’s economy, over worries about China’s economy.
3) UN releases report warning of dire consequences by 2040 from global warming. They warn of increases in world water levels, storms and drops in food production if CO2 levels continue to increase. Revolutionary changes by the industrial countries are required to lower carbon output, which in turn means monumental changes to economies with their energy, transportation and food production.
4) 8 OCT 18 Stock market closings:
Dow 26,486.78 up 39.73
Nasdaq 7,735.95 down 52.50
S&P 500 2,884.43 down 1.14
10 Year Yield: up at 3.23%
Oil: $74.20 down from $74.29