A trader works on the floor at the New York Stock Exchange. Photo: Bryan R. Smith / AFP / Getty Images

Morgan Stanley analysts described the stock market's recent correction as the "[a]ppetizer, not the main course," Bloomberg reports. They believe that higher bond yields — which, for now, have remained steady within their five-year range — could prompt bigger problems for world markets in 2018's second quarter.

Why it matters: Inflation is still rising and higher bond yields could hurt future earnings. That combination might spur another, bigger drop in the markets. Per the Morgan Stanley analyst team: “It’s when growth softens while inflation is still rising that returns suffer most."

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Obama: The rest of us have to live with the consequences of what Trump's done

Photo: Joe Raedle/Getty Images

Campaigning for Joe Biden at a car rally in Miami on Saturday, Barack Obama railed against President Trump's response to the coronavirus pandemic, saying "the rest of us have to live with the consequences of what he's done."

Driving the news: With less than two weeks before the election, the Biden campaign is drawing on the former president's popularity with Democrats to drive turnout and motivate voters.

Murkowski says she'll vote to confirm Amy Coney Barrett to Supreme Court

Sen. Lisa Murkowski. Photo: Alex Edelman/AFP via Getty Images

Sen. Lisa Murkowski (R-Alaska) said Saturday that she'll vote to confirm Judge Amy Coney Barrett to the Supreme Court on Monday, despite her opposition to the process that's recently transpired.

The big picture: Murkowski's decision leaves Sen. Susan Collins (R-Maine) as the only Republican expected to vote against Barrett.

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