Morning Edition · Saturday, November 7, 2026
Macro
US Payrolls Jump by 165,000 and Make a December Federal Reserve Rate Increase the Market's Base Case
Unemployment fell to 4.1%, the two-year Treasury yield rose to about 4.51%, and the dollar rallied, a week after two Federal Reserve officials voted for a hike.
Geopolitics
US Strikes Iranian Air Defences on Qeshm Island as Brent Ends Its Worst Week Since April 2020
Brent settled at $98.32 after losing more than 16% on the week, while Qatari mediators push a two-day package that would lift the US blockade and release frozen Iranian funds.
Tech
Voters Reject Data Centres in 40 of 41 Ballot Measures as an AI Sell-Off Sends Japan's Nikkei Into a Bear Market
The Nikkei fell 6% on Friday to 57,410.91, a day after the Nasdaq dropped 6.4%, as investors questioned whether artificial intelligence spending will survive Democratic control of Congress and local opposition.
Markets
China's Central Bank Extends Gold Buying to 24 Straight Months as Bitcoin Falls Below $75,000
The People's Bank of China added 830,000 ounces in October as gold fell almost 7% that month, and on Friday the US jobs report cut gold by about 1% while bitcoin hit its lowest level since August.
Geopolitics
Washington Tells Beijing to Meet Its Busan Trade Commitments on Rare Earths and Farm Goods "Immediately"
US officials say China has fulfilled about two-thirds of the 2025 accord, Beijing objects to new US restrictions, and some US tariff exemptions expire on November 10 ahead of a planned Xi-Trump meeting in Shenzhen.
Macro
Paraguay's Senate Removes President Santiago Peña Over the Ueno Bank Collapse, and Prosecutors Order Him Held Under House Arrest
Vice President Pedro Alliana has taken office, and the central bank's takeover of Ueno has cut about 3 million customers off from their cash, cards and digital payments.
Geopolitics
Ukrainian Drones Reportedly Hit the Saratov Refinery as a Russian Ballistic Missile Injures Three in Kyiv
Trump says new talks could produce a large deal involving all of Europe, while NATO Secretary-General Mark Rutte says neither side is likely to win outright.
Macro
Japan Moves to Pay the International Criminal Court Early as US Sanctions Threaten the Court's Access to Dollar Settlement
Separately, the US Treasury ordered American banks to cut off the crypto exchange MEXC over an alleged $16 billion in illicit flows.
World
Trump Names Stephen Miller White House Chief of Staff After Republicans Lose Both Houses in the Midterms
Susie Wiles moves to Trump's political operation on Monday, and Democrats taking control of Congress in January are expected to open investigations into Miller.
Macro
Bank of Japan Governor Ueda Says 2% Inflation Has Not Yet Become Embedded in Japanese Society
Speaking at the IMF in Washington, Ueda gave no guidance on a December rate increase, while consumer prices run near 3% and uninsured Japanese deposits reach about $890 billion.
Tech
US Intelligence Believes Nvidia's Jensen Huang Had a Romantic Relationship With an Alleged Chinese Spy, the FT Reports
House committee chairs want Huang to brief them on November 18, the day after Nvidia's quarterly earnings, and Beijing calls the reports baseless.
Macro
Argentine Poverty Reaches 45.4% When Price Weights Are Updated, According to a Recalculation Reported by Ámbito
The estimate puts 21.1 million Argentines in poverty, about 6 million more than the official measure, while motorcycle registrations reached 177 per 100 cars in October.