The following are the headlines discussed at Aldwin Callen's Monday morning briefing:
- The United States Senate passed a budget resolution for 2018, allowing Trump's tax reform proposal to move forward.
- Unemployment claims in the United States declined to 222,000 (for the week ending Oct. 14), the lowest level since March 1973.
- The Bank of England indicated an interest rate hike is anticipated shortly as Brexit raises inflationary pressures.
- General Electric's new CEO reduced profit projections and proposed significant job cutbacks.
- Saudi Arabia is considering postponing the IPO of Aramco, the country's state-owned oil corporation.
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