00:07 Speaker A
The first thing you need to know is that an outage at the Chicago mercantile exchange has disrupted trading across the globe.
00:15 Speaker A
The outage was caused by a data center fault. Live trading in futures and options across several markets including bonds, equities, and commodities have all been affected.
00:27 Speaker A
And the halt has impacted not just contracts for the likes of the S&P 500, but also trade in US Treasuries and US crude oil for several hours.
00:38 Speaker A
The next thing you need to know is all about the labor market. Analysis by Goldman Sachs suggests that the labor market is weakening further.
00:46 Speaker A
This research comes as President Trump has called for reverse migration. He announced a crackdown on immigration following the shooting of two National Guard members in Washington.
00:54 Speaker A
Trump said on Truth social that he would, quote, permanently pause migration from all third world countries.
01:04 Speaker A
Recent data shows that more than 1.2 million immigrants left the workforce over the first seven months of 2025.
01:12 Speaker A
And the third thing you need to know about is all about shopping over this holiday season. Online sales in the US on the Thanksgiving holiday are expected to rise 6% compared with last year to reach $8.6 billion.
01:25 Speaker A
That’s according to data from Salesforce. Thanksgiving and today, Black Friday, usher in the holiday shopping season’s most critical stretch that typically delivers about a third of US retailers’ yearly sales and profits.
01:42 Speaker A
Now, Black Friday, which is the biggest day of the year for online shopping, is expected to drive $78 billion in online global sales and $18 billion in the US.