Good morning, Quartz readers!
What to watch for today and over the weekend
Will the “Trump Dump” continue…? Prior to the last weekend of campaigning before the US election on Nov. 8, and with polls showing Donald Trump tied with Hillary Clinton in key swing states, the S&P 500 has suffered eight straight days of declines (paywall) as investors worry about the Republican winning the White House.
…or will there be a pre-election US jobs shock? Analysts expect job additions to be around 173,000 (paywall), in line with the average growth this year. But higher wages and the effects of Hurricane Matthew could put a dent in October’s employment data.
Trade ministers from 16 countries gather in the Philippines. India, China, Australia, Japan, and ASEAN countries are meeting to discuss a free-trade alternative to the US-led Trans-Pacific Partnership.
Berkshire Hathaway reports its earnings. Warren Buffett’s conglomerate is expected to have benefited from improved insurance underwriting and recent acquisitions. Investors want to know whether it will keep its 10% stake in Wells Fargo following the bank’s recent scandal.
US daylight saving time ends. In most states, clocks will be set back an hour at 2am on Nov. 6.
While you were sleeping
The Paris Agreement officially came into effect. The global agreement on greenhouse gas emissions and climate change goals, agreed December 2015 by almost 200 countries, came into force today. Depressingly, a UN Environment report says the emissions-cutting pledges won’t be enough to curb the rise in Earth’s temperatures.
Harvard’s soccer team was suspended for lewd comments. The men’s team is barred from playing for the rest of the season after the student newspaper found team members had continually made vulgar and sexual comments about its women’s soccer players.
BMW struggled in the US market. Despite a 7% increase in sales, the German carmaker’s third-quarter profit was flat thanks to its increased spending to catch up in the electric car race and difficulties selling its big, luxury sedans to US drivers.
Turkey went after pro-Kurdish politicians. After arresting a dozen reporters and a newspaper editor-in-chief earlier this week, authorities apprehended the leaders of the Peoples’ Democratic Party in midnight raids. It also shut off nationwide access to social media and WhatsApp.
Dalian Wanda Group bought Dick Clark Productions for $1 billion. The move will be Chinese billionaire Wang Jianlin’s first foray into television production, and will add shows like So You Think You Can Dance to his growing sports and entertainment empire. Wang has been snapping up Hollywood assets.
South Korea’s president apologized. A deeply contrite Park Geun-hye said it was “hard to forgive herself” over the influence-peddling scandal involving her spiritual advisor, and denied being involved with a cult. Park said she will cooperate with the investigation into her affairs.
Quartz obsession interlude
Madhura Karnik on teachable moments at Indian business schools. “It’s been just two weeks since Tata Sons, India’s largest conglomerate, fired its chairman Cyrus Mistry. But the corporate battle—one of the ugliest in India—is already on its way into MBA syllabi at the country’s top business schools.” Read more here.
Matters of debate
The latest attacks on the internet are just the beginning. Hackers are learning how to take down the network, whenever they want.
The International Criminal Court is flawed, but not by racism. African countries who opt out are motivated by the fear of being held accountable (paywall).
Sociopathic capitalism rules the world. But it doesn’t have to be a zero-sum game.
Surprising discoveries
Brooklyn is the final resting place of nine failed US presidential candidates. The Green-Wood Cemetery is giving tours this Sunday (paywall).
Backwards running is a sport. World champion Aaron Yoder can run the mile in under six minutes.
An 15.7-inch earthworm is the largest ever found in the UK. Sadly, Dave the worm died on his trip to the museum, but will still be “useful to science.”
A buff 80-year-old model walked the runway in China. Wang Deshun, a.k.a. “China’s hottest grandpa,” is reshaping the country’s perception of aging (paywall).
A call of nature uncovered a 49,000-year-old settlement in Australia. An Aboriginal elder needed a pit stop while driving through the remote area.
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