What to watch for today
Raise the roof. A report from the US commerce department is expected to show that the country’s new housing construction climbed in September, after several months of decline; US mortgage rates remain historically low.
Seeing red (soles). Luxury footwear maker Jimmy Choo is going public, reportedly seeking to raise $280 million. That is, if tough market conditions don’t force the company to delay.
Trump gets trumped. Trump Entertainment may close its Taj Mahal casino in New Jersey over a fight with unionized workers about health care and pensions. The decision hangs on a bankruptcy judge’s ruling.
A wealth of nations. Brokerage firms in China and Hong Kong will soon be able to buy and sell shares on each other’s stock markets, pending more details on timing from China’s securities regulator.
Fresh off the factory line. The iPhone 6 and iPhone 6 Plus finally go on sale officially in China and India. Preorders also begin for the new iPad Air 2 (starting at $499) and the new iPad Mini 3 (starting at $399), to be shipped starting next week. And that rumored high-resolution iMac? It’s real—and expensive.
While you were sleeping
Google got old. The search giant’s stock price fell after its quarterly earnings came in short of analyst expectations. Investors have doubts about Google’s future as its users move from desktops to mobile devices.
Goldman Sachs celebrated a stellar third quarter. The US investment bank’s net income rose 48% this quarter (paywall) to $2.24 billion, thanks in part to its fixed income trading business and the recovering US economy. The company raised its quarterly dividend to $0.60 a share, a five-cent bump.
US-led forces rained down on Kobani. Roughly 50 US-led airstrikes have killed several hundred ISIL fighters in the Kurdish border town of Kobani, according to a Pentagon spokesperson. Still, the US cautioned that the situation there remains fragile and that it may fall to rebel forces. If only Turkey would let Kurds join the fight.
CBS cut the cord. The US TV channel announced it will offer a live stream of its content in 14 US markets for $5.99 a month, without requiring a traditional TV subscription. The move comes a day after HBO announced plans for a similar offering.
Ebola wrecked more havoc. Air France grounded one of its planes in Spain after a passenger became ill and started shaking. The first healthcare worker in Texas who tested positive for Ebola was relocated to Maryland for specialized treatment. And Congress made a stink about a shoddy US response.
Quartz obsession interlude
Daniel Medina on the economic perils of more extreme weather. “The polar vortex brought record-low temperatures and high snow totals to large swaths of the US last winter and had a chilling effect on the economy too, stagnating growth. The US economy’s real GDP fell to an annualized pace of -2% in the first quarter in February just as the polar vortex was in full swing, and economists largely attributed the drop to the extreme weather.” Read more here.
Matters of debate
A little panic is a good thing. Maybe it’s time we stopped being so nonchalant about Ebola.
The nuclear deal with Iran is more important than ISIL. If the world can only pick one battle, it should be Iran’s nuclear program.
If you want to freeze my eggs, at least also offer me daycare. Companies need to stop treating motherhood like a problem.
Pakistan has Pakistan to thank for its problems. Neither India nor foreign extremists are the root cause.
The war against ISIL needs better branding. Dubbing it ”Operation Inherent Resolve” is just plain terrible.
Teachers get respect in Saudi Arabia. The government lavishes the good ones with luxury cars and cash.
Collectible toys are worth more if you don’t take them out of the box. So this rabid Star Wars fan used a CT scanner to verify his action figure’s identity.
Japan hasn’t manufactured a commercial airliner for 50 years. Mitsubishi wants to fix that.
Drinking soda ages you. People who down the sweet stuff every day have DNA that appears 4.6 years older than people who don’t.
Click here for more surprising discoveries on Quartz.
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