Today is Columbus Day, so don't expect any U.S. data or Fed speakers. Banks and the bond markets are closed.

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Situational awareness:

  • "The president has authorized me to effectively shut down the entire Turkey economy and we can do that at a moment's notice on his command," Treasury Secretary Steve Mnuchin said Sunday. (ABC News)
  • Ken Fisher apologized for comments made during an investing summit about hitting on women after the state of Michigan pulled $600 million from his $100 billion wealth management firm. (CNBC)
  • Visa, Mastercard, eBay and Stripe have followed PayPal and dropped out of participation in Libra, the digital currency network spearheaded by Facebook. (CNBC)