The FCC will vote next month to ban companies from using federal telecom subsidies to purchase communications equipment from Chinese firms Huawei and ZTE.
Driving the news: The FCC’s order, to be voted on at the commission’s Nov. 19 meeting, would bar companies that receive funding from the $8.5 billion Universal Service Fund from using it to purchase equipment or services from suppliers deemed to pose a national security risk.
Taylor Swift will perform in Shanghai on Nov. 10 as part of Alibaba's countdown to its Singles Day sale, the world's largest online shopping event.
Why it matters: It's an easy way for the world's biggest pop star to get huge exposure in a massive market, but Swift is sure to face some blowback for choosing to perform for a Chinese tech giant after the recent NBA controversy highlighted the power that China's economy can have over Americans' free speech.
At least six former Fox News employees are calling on their old network to release them from nondisclosure agreements in order to allow them to speak out about potential sexual misconduct during their time at the company, Vanity Fair reports.
Driving the news: NBC News announced Friday it will release former employees from NDAs as it tries to control the damage stemming from allegations in former NBC reporter Ronan Farrow's new book, "Catch and Kill." The former staffers at Fox News — including former host Gretchen Carlson, the first woman to publicly file a lawsuit against former CEO Roger Ailes — are asking the network to follow suit.
This week will set the table for the fourth quarter in what's been a wild and highly unusual year. The stock market has risen more than 20% in 2019, but that's largely been because of a recovery from December's selloff in the first quarter.
The big picture: "Everybody’s squared up" in anticipation, says Ellis Phifer, market strategist at Raymond James. But this week has the potential for "all hell to break loose."
The U.S. jobs report will be the most watched piece of data this week, but Friday will also bring the October reading of the Institute for Supply Management's manufacturing data. The index fell to the lowest level since June 2009 in September.
Why it matters: The U.S. manufacturing industry has seen a consistent decline all year, falling into recession earlier in the year and showing outright contraction for the second month in a row last month.
Just one-fifth of the economists surveyed by the National Association for Business Economics said their companies have hired additional workers in the past three months, AP's Christopher Rugaber reports.
Why it matters: That is downfrom one-third in July. A broad measureof job gains also fell to its lowest level since October 2012.
