Global stocks took a hit today. There was red across the board from New York to Japan as investors have started to worry about the health of regional banks in the U.S., and the recent bankruptcies of an auto lender and car parts manufacturer. We'll learn the latest. Also, the U.S. Chamber of Commerce is suing to block the Trump administration's planned visa charges, and fewer international travelers are opting to come to the States.

Rates on 30-year mortgages fell again this week to an average of 6.27%, according to FreddieMac. That could boost consumer spending on home improvements in 2026, new research finds — and be driven by homeowners locked in with lower rates who recognize that an addition or coat of paint is less daunting than starting over in this housing market. Also on the show: a check-in on regional banks and a bite of a carbon fat croissant, from the latest season of Marketplace's "How We Survive."

From the BBC World Service: A landmark agreement to reduce carbon emissions from global shipping is in danger of collapsing after President Donald Trump intervened. We'll unpack. Then, Singles' Day — China's biggest online shopping event — typically takes place on Nov. 11 but has started early this year as weak consumption dogs the world's second-largest economy. Plus, the global tattoo industry could grow to $6.5 billion by 2033. We talk with artists about the state of the tattoo biz.

U.S. and Chinese officials are getting together on the sidelines of International Monetary Fund and World Bank meetings in Washington to try and preserve a fraying trade truce. Yesterday, Treasury Secretary Scott Bessent offered a ray of hope, ahead of a planned meeting between President Donald Trump and Chinese President Xi Jinping later this month. Plus, what economic picture is non-governmental data painting right now? And, we’ll hear how some countries are vying for a piece of the AI revolution.

Retailers are getting ready for the most magical time of their year: holiday shopping season. Holiday spending is expected to tick up, though that's driven mostly by higher prices. We'll hear more. Plus, the Community Development Financial Institutions Fund supports mission-driven lenders operating in rural, tribal, and otherwise underserved parts of the country. President Donald Trump recently tried to fire the entire staff of the CDFI as part of recent federal job cuts.

From the BBC World Service: A major legal claim has been filed in the United Kingdom against pharmaceutical giant Johnson & Johnson, accusing the firm of knowingly selling baby powder contaminated with asbestos. The case mirrors American litigation, where billions of dollars in damages have been awarded to plaintiffs. Plus, President Donald Trump says India will stop buying Russian oil. And, how can countries outside the biggest players — the U.S. and China — get plugged into AI infrastructure?

It’s a big week for bank earnings. JPMorgan, Wells Fargo, and Citigroup reported quarterly results on Tuesday; Bank of America and Morgan Stanley report on Wednesday. Overall, banks are pulling in plenty of revenue — especially from their investment banking and trading departments. But the old-fashioned business of lending out money has been more of a mixed bag. We'll unpack. Also on the show: a major cryptocurrency scam and the economics of Broadway contract negotiations.

Joel Mokyr is a professor at Northwestern University, who — along with Philippe Aghion and Peter Howitt — won the Nobel prize in economics earlier this week. Today, Mokyr joins the program to discuss how major technological changes can boost economic growth — that is, if politics and institutions can adapt quickly enough. Plus, why the bankruptcies of First Brands and Tricolor Holdings are raising questions about private credit markets and big banks’ exposure to them.

From the BBC World Service: Greece's government is voting on a bill authorizing private sector employees to work up to 13 hours a day, if both employee and employer agree. Labor unions have called mass strikes in protest, paralyzing the public sector. This comes as Greece faces high debt, rising inflation, and lower wages than much of the European Union. Plus, Japan is holding its biggest-ever technology trade show, centered on integrating AI into our daily lives.

There are almost 250,000 Chinese students in the U.S. this fall. That's a 36% drop from the 2017 peak. For Chinese students still wanting to study abroad, America remains the top destination, but geopolitics, safety concerns, and persistent inflation are making the U.S. a less attractive place to receive a higher education. And later, Switzerland is facing 39% tariffs from the U.S. How are businesses there faring?