- Rancorous Debate Gets Personal (WSJ)
- In debate, Trump signals aggressive close to his campaign (AP)
- Trump Ends Nightmare Weekend With Over-the-Top Debate (BBG)
- Trump vs Clinton: He calls her a devil, she says he abuses women (Reuters)
- Ryan discussed revoking Trump endorsement (Politico)
- Trump’s body language during debate raises social media eyebrows (Reuters)
- Mexican peso rises after Trump-Clinton debate, pound falls again (Reuters)
- Pound Fails to Shake Off Wounded Image After Week of Flash Crash (BBG)
- $60 Oil Not ‘Unthinkable’ This Year, Saudi Energy Minister Says (WSJ)
- OPEC’s Quiet Man Is at Center of Cuts Deal Nobody Saw Coming (BBG)
- Yemen’s Houthis lash out after air strike with missile attack (Reuters)
- NBC suspends Billy Bush for role on Trump tape (AP)
- Samsung to Halt Galaxy Note 7 Production Temporarily (WSJ)
- Samsung Halting Note 7 Output Amid Reports of New Fires (BBG)
- Global Political Uncertainty Weighs on Growth Outlook (WSJ)
- China Intensifies Push to Cut Debt With Multi-Agency Blitz (BBG)
- Almost 1.4 Million Without Power as Matthew Death Toll Rises (BBG)
- Aftereffects of Matthew to linger in North Carolina (AP)
- Jack Ma, Spielberg Strike Deal to Bring Hollywood to China (BBG)
- Banks ponder the meaning of life as Deutsche agonizes (Reuters)
- Ex-Credit Suisse Trader Wins Dismissal of U.K. Fraud Charges (BBG)
Overnight Media Digest
WSJ
– Samsung Electronics Co has temporarily halted production of its troubled Galaxy Note 7, according to a person familiar with the matter, the latest setback for the South Korean technology giant as it struggles to manage a recall of 2.5 million smartphones. http://on.wsj.com/2d1Genn
– AT&T Inc and T-Mobile US Inc said Sunday they will stop issuing new Galaxy Note 7 smartphones to replace the ones turned in by customers, further complicating a massive recall of the Samsung Electronics Co devices and sowing confusion among consumers after multiple reports of the devices overheating. http://on.wsj.com/2d1FZbT
– Elon Musk posted a message on Sunday to Twitter saying Tesla Motors Inc and SolarCity Corp, both of which he leads, had no need to tap the equity or debt markets. http://on.wsj.com/2d1ERVy
– Steven Spielberg is teaming up with Jack Ma’s Alibaba Group Holding Ltd in a partnership that will help Spielberg’s Amblin Partners produce, finance and distribute movies, the companies said Sunday. http://on.wsj.com/2d1F9Mg
– NBC was on the defensive after the emergence of a recording of one of its rising stars, “Today Show” co-anchor Billy Bush, engaging in a lewd conversation with Donald Trump in 2005. http://on.wsj.com/2d1G9A5
– Australian mining billionaire Gina Rinehart has joined with a Chinese company to bid A$365 million (US$277 million) for S. Kidman & Co, Australia’s largest cattle ranch. http://on.wsj.com/2d1G52Z
FT
* Germany is considering changing its labour laws to make it more attractive for banks looking to move their operations from the United Kingdom following Britain’s historic decision to leave the European Union.
* Republican presidential nominee Donald Trump remained defiant and vowed to stay in the presidential race, as calls for him to leave the race grew stronger. Trump’s running mate Mike Pence said he was offended by Trump’s comments after a video surfaced showing Trump making lewd comments on women.
* Heads of the two biggest Wall Street banks indicated that they are more likely to shift their operations to New York than the eurozone if they move out of London. Jamie Dimon, chief executive of JPMorgan Chase, and James Gorman, chief executive of Morgan Stanley, said at the annual meeting of the International Institute of Finance in Washington that brexit could trigger a wider crisis.
NYT
– Billy Bush, a host on the Today show was suspended by NBC for his role in a video with Donald Trump, where he was heard engaged in a misogynistic conversation about women. nyti.ms/2d60FdJ
– Hurricane Matthew was downgraded to a post-tropical cyclone on Sunday morning as it hit North Carolina and Virginia. nyti.ms/2d61bIY
– Yemen saw a series of airstrikes on Saturday, which Yemeni officials and witnesses said was an attack by the military coalition led by Saudi Arabia. nyti.ms/2d62VSe
– Donald Trump and Hillary Clinton participated in the second presidential debate on Sunday night in bitter and personal terms. nyti.ms/2d62YxD
Britain
The Times
* Australian mining magnate Gina Rinehart has made a joint bid with a Chinese company to buy one of the UK’s largest cattle producers, which has pastoral leases covering more than 600,000 square miles of outback. (http://bit.ly/2dUQGK9)
* In a role reversal for the British economy, manufacturers have enjoyed a sales boost since the EU referendum, but the dominant services sector is showing signs of faltering, according to British Chambers of Commerce. (http://bit.ly/2dUSnHt)
The Guardian
* Facebook ‘s UK business generated an 11.3 million pound ($14.05 million) tax credit last year, despite the world’s largest social network making a global profit of $6.19 billion, according to the latest company accounts. (http://bit.ly/2dDoRuA)
* The union at the centre of the bitter Southern railway dispute has called for last-ditch talks to try to avert a three-day strike this week. Members of the Rail, Maritime and Transport union will take action from Tuesday in the long-running row over the role of conductors. (http://bit.ly/2dURBdw)
The Telegraph
* The recent takeover of Bernard Matthews will be scrutinised by the Work and Pensions select committee this week after concerns that the deal was “carefully crafted to dump the pension scheme”. (http://bit.ly/2e2g94z)
* Online retailer eBay paid just 1.1 million pounds ($1.37 million) in tax in the UK last year, despite telling U.S. investors that Britain was its second largest market, generating revenues of $1.4 billion, according to UK filings. (http://bit.ly/2dC2Nhw)
Sky News
* The heads of the UK’s leading challenger banks will this week renew calls for ministers to ease tax and regulatory burdens on the sector when they hold their first talks at the Treasury since George Osborne’s sacking as Chancellor. (http://bit.ly/2dDhH9B)
* The low-cost airline Monarch is close to finalising a multi-million pound financing package with Boeing, paving the way for its operating licence to be extended by aviation regulators ahead of a crunch deadline next week. (http://bit.ly/2dDjE5H)
The Independent
* Gatwick Airport bosses claim Heathrow is “likely to fail’ in building a third runway even if the project is given the go-ahead by the Government this week. (http://ind.pn/2dUTMgV)
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