Headlines discussed at LNWM’s Monday meeting:

— The US Senate adopted a 2018 budget resolution, allowing Trump tax reform proposal to proceed.
— US unemployment claims fell to 222,000 (for week ended Oct. 14), the lowest level since March 1973.
— The Bank of England said an interest rate increase is likely soon as Brexit pushes up rate of inflation.
— The new head of General Electric slashed earnings forecast and announced major job cuts.
— Saudi Arabia is considering shelving its IPO for Aramco, the state-owned oil company.

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