* White House national security adviser held talks with top Russia aides
* Republicans look set to retake House and maybe Senate in Tuesday’s vote
* Florida prepares for a direct hit from Tropical Storm Nicole this week
* China’s exports and imports unexpectedly fell in October
* Goldman Sachs predicts China is ‘months away’ from reopening
* US oil production roughly flat as fracking-related output slows
* Apple’s iPhone shipments delayed due to China Covid lockdown
* Meta reportedly set to announce large-scale layoffs
* US payrolls rose 261k in October, a solid gain but slowest in 22 months:
The US labor-force participation rate fell fractionally in October to 62.2% from 62.3%, which suggests the labor market will remain tight. Notably, the participation rate the core of the workforce — ages 25 to 54 — has dropped for two straight months.
Shipping volumes remain “below normal” for two key ports linked to world commerce, Bloomberg reports. “Global trade is moving backwards this year,” says Soren Skou, chief executive officer of shipping giant AP Moller-Maersk A/S.