💡 🌍 Europe’s energy supply shortages will likely get worse just as the winter season starts. https://bloom.bg/3uiY4GE

☕ 🇧🇷 The country that makes breakfast for the world has been scorched, frozen and then dried out by the worst drought in a century. It’s an ominous warning of what’s to come. https://bloom.bg/3kOvqtT

💷 Female investment bankers in the U.K. make just 56% of the money their male colleagues do. https://bloom.bg/3D8or5x

Hello 👋 Here’s what we’re following right now:

📊 The world’s wealthiest family is revealing $5 billion worth of its stock picks. The Waltons kept their investments quiet for years, but that’s proving increasingly harder to do. https://bloom.bg/3ETu6xM

⛏ China is running out of coal, which means higher prices for the rest of the world. https://bloom.bg/39JgXsQ

🇮🇪 And Ireland is now the best place to be during the pandemic, while Southeast Asian nations remain the worst. See how your country fared in our Covid resilience ranking: https://bloom.bg/3ukbO3X

🗠 Insider trading is everywhere. So far, no one seems to care. https://bloom.bg/3ihatGo

⛽ The U.K. will deploy the government’s reserve tanker fleet on Wednesday to help ease its fuel crisis. https://bloom.bg/3zRdNxT 🇬🇧

🇨🇳 China’s hidden local government debt has surged to more than half the size of its economy, Goldman Sachs says. https://bloom.bg/3kQD5YJ

🎮 Developers that are making games for an upcoming Nintendo 4K console were surprised to learn that the latest model of the Switch... won’t support 4K graphics. https://bloom.bg/3kTFm5f

🇺🇸 U.S. Senate Majority Leader Chuck Schumer said lawmakers reached a deal to avoid a government shutdown on Friday, extending government spending until Dec. 3. https://bloom.bg/3F3Zgm5

🇭🇰➡️🇨🇳 The exodus of Hong Kong bankers to China is accelerating — in part because of the city’s strict quarantine measures. https://bloom.bg/3uqPENF

🇺🇸 U.S. President Joe Biden is set to avoid a disruptive shutdown of the federal government, but deal-making continues on his economic agenda. https://bloom.bg/3uqmkqh

🗠 The risks facing investors and the global economy are growing. Here’s what three titans of the financial industry are most worried about. https://bloom.bg/3kUkefn

🥬 Japan’s next prime minister has gone viral with an unusual photo. https://bloom.bg/2Y4BHJ7

🇺🇸 Breaking: House Democrats delayed a vote on a bipartisan $550 billion infrastructure deal, hours after President Joe Biden signed a stopgap funding bill to avert a government shutdown on Friday. https://bloom.bg/3F1C1JD

🔌 China ordered its top state-owned energy companies — from coal to electricity and oil — to secure supplies for this winter at all costs, sources say. https://bloom.bg/3l424YN

🙅‍♀️ Australia does worse than Kazakhstan, Serbia and Zimbabwe on women’s participation in the economy — and it’s costing the country billions. https://bloom.bg/39Um0Xq

🇺🇸 U.S. House Speaker Nancy Pelosi plans to try again Friday for a vote on infrastructure legislation that’s been held up by a battle over President Biden’s economic agenda. https://bloom.bg/3utaXxQ

📈 Inflation in the euro area is at a 13-year high. There’s more to come. https://bloom.bg/3oov1QV

👜 The $2.5 trillion fashion industry wasn’t spared the wrath of the pandemic. Here’s how Covid-19 is transforming it. https://bloom.bg/3meKbWk

Hello 👋 Here’s what we’re following today:

⛔️ Shares in Evergrande and its property management unit were suspended from trading in Hong Kong on Monday. Follow the latest developments: https://bloom.bg/3l8OhA9

💉 Anthony Fauci said the U.S. is turning the corner on the current Covid surge and more people need to get vaccinated to keep infections declining. The key risk is the 70 million eligible people who still haven’t gotten a shot, he added. https://bloom.bg/3uDD0L7

📢 A Facebook whistleblower who leaked thousands of internal documents unveiled herself as Frances Haugen, a former product manager who has accused the company of placing profits over users’ well-being. https://bloom.bg/3A9Rqnr

🇺🇸 The U.S. is moving closer to its first-ever default with neither political party in Washington yet signaling it’s ready to back down. https://bloom.bg/3AcuST0

🇬🇧 This was supposed to be the year the U.K. broke free of the EU and forged ahead as a buccaneering free trader. Instead, it’s struggling to find enough workers and facing its toughest winter since the 1970s. https://bloom.bg/3D9shuV

🛢️ OPEC+ remains very much in control of the oil market as ministers gather later Monday for a meeting amid a worsening global energy crunch. https://bloom.bg/3owKm2e

⚫️ Facebook, WhatsApp and Instagram suffered a devastating outage that shut out many of its 2.7 billion global users. The apps started coming back online at about 5:45 p.m. New York time, more than six hours after problems began. https://bloom.bg/3Df5ZrY

💵 Mark Zuckerberg lost more than $6 billion in a matter of hours as Facebook’s stock plummeted on Monday. https://bloom.bg/3a96eIi

📉 A global selloff in stocks continued in Asia on Tuesday. Here’s what else is moving markets: https://bloom.bg/2YeXTQI

❌ Facebook blamed a global service outage that kept its social media apps offline for much of Monday on a problem with its network configuration. https://bloom.bg/2YmQD5a

📈 European natural gas and power soared to fresh records amid worsening fears over supply. https://bloom.bg/3lcxs7j

🇺🇸🇫🇷 And U.S. Secretary of State Antony Blinken met French President Emmanuel Macron in Paris as America looks to move past a spat over a defense agreement with Australia and the United Kingdom. https://bloom.bg/2ZSUqYR

💸 Mark Zuckerberg responded to whistle-blower Frances Haugen's claims, saying accusations about Facebook prioritizing profit over user safety are “just not true.” https://bloom.bg/3myJl7c

💊 Merck's Covid pill is being touted as a game changer. Here's everything you need to know about the new treatment. https://bloom.bg/3Fel9PM

🇨🇳 China is now the last country still chasing a Covid zero policy. Its attempts to stamp out every last case have left it isolated, with borders firmly closed. https://bloom.bg/3Ah6bom

📈 European gas prices surged again, bringing their gains over just two days to 60%, as the EU sounded the alarm. https://bloom.bg/3oyGY6R

🌍 Slowing methane leaks is critical in the fight to slow climate change. Here’s where the potent gas comes from and what can be done now. https://bloom.bg/3oHfyf1

🇬🇧 And the U.K.’s Prime Minister Boris Johnson put forward his vision for a new Britain, investing in skills, narrowing social inequalities and “unleashing” a national spirit. https://bloom.bg/3a9crUR

⛔️ A federal judge temporarily blocked Texas’s new ban on most abortions, handing a major early victory to the Biden administration as it seeks to overturn the strictest such law in the nation. https://bloom.bg/3muWUo7

💉 Sweden and Denmark halted the use of Moderna’s Covid vaccine for people under 18 because of potential side effects. The Swedish health authority cited an increased risk of heart inflammation. https://bloom.bg/2YAaONz

💬 Hong Kong’s national security law has transformed the financial hub and raised big questions for individuals and companies alike. Dive into the data tracing the fallout: https://bloom.bg/3iEqtlO

🇺🇸 The Senate is nearing a deal to increase the debt ceiling that would pull the U.S. from the brink of a payment default. https://bloom.bg/3DjxrEW

₿ Exactly how cryptocurrency Tether is backed, or if it’s truly backed at all, has always been a mystery. Now, it’s in the crosshairs of U.S. regulators and prosecutors. https://bloom.bg/2ZVjU7W

🌾 Global food prices are at the highest in a decade, and the energy crisis is threatening to make things even worse. https://bloom.bg/3Bld8X3

⚡️ China’s energy crisis is starting to ripple around the world, hitting everything from iPhones to milk to cardboard boxes. https://bloom.bg/3mD46P1

🌊 A U.S. nuclear-powered attack submarine struck a mystery object in the South China Sea last week, the Navy said. About a dozen sailors suffered minor to moderate injuries. https://bloom.bg/3Dp5602

🪄 The most magical place on Earth is also one of the most... colorful places to work. Here are 11 very un-magical secrets one man learned during a week working at Disney World. https://bloom.bg/3mzdGCn

🇺🇸 The Senate approved legislation to pull the U.S. from the brink of a payment default, breaking a weeks-long standoff that rattled financial markets. https://bloom.bg/3iJZFAD

💵 After years of finger-pointing over the collapse of a real-estate company, the tycoon behind the crash is now sitting on a $9 billion mountain of debt. https://bloom.bg/3DlhvSu

☮️ Journalists Maria Ressa and Dmitry Muratov won the Nobel Peace Prize for their work to safeguard freedom of expression. The two will share the $1.1 million prize. https://bloom.bg/3Bvz55W

Hello 👋 Here's what we're reading right now:

🏭 Demand for coal is moving back near peak levels. For all the promises to transition to green energy, the world still leans heavily on fossil fuels. Read more in Bloomberg Green: https://bloom.bg/3p41GMj

✈️ Southwest Airlines pilots asked a court to temporarily block the company from carrying out federally mandated Covid vaccinations. https://bloom.bg/3lsUg2M (That's not why 28% of Southwest flights were cancelled Sunday, the carrier says.)

⌚️ And it’s time for the Apple Watch to break free from the iPhone, Mark Gurman writes in his weekly newsletter. https://bloom.bg/2YBGRgm

💸 Five traders tell us how they survive and thrive in a world of disrupted markets. https://bloom.bg/3mJm4PH

🌊 Nearly a quarter of U.S. critical infrastructure—utilities, airports, police stations and more—is at risk of being inundated by flooding, according to a new report. https://bloom.bg/3DsKofB

🇭🇰 Hong Kong Chief Executive Carrie Lam defended Covid-19 travel restrictions that are frustrating global businesses, signaling the curbs will stay in place for the foreseeable future. https://bloom.bg/3BIqfBy

🇭🇰🇸🇬 The divide is growing between Asia’s two main financial hubs in handling Covid. As Singapore opens up travel to the rest of the world, Hong Kong still has one the world’s harshest quarantines, risking the city's global status. https://bloom.bg/2YDkW8a

📉 Asian stocks and U.S. futures fell Tuesday, struggling to shake off worries about inflation spurred by an energy crunch and the possibility of a widening Chinese crackdown. https://bloom.bg/3AzktkD

💰 And today in billionaire spats: Elon Musk doesn’t want Jeff Bezos to forget who the world’s richest person is. https://bloom.bg/3ABwUMC

🇺🇸 The U.S. House will vote on an increase to the government’s borrowing limit Tuesday. While it should avert the immediate threat of a catastrophic default, it could set the stage for an even bigger showdown. https://bloom.bg/3mFSt9Y

🛢️ America’s aging oil and gas sites are a climate menace. Meet the company that owns more of them than any other. https://bloom.bg/3v5L3QY

₿ Bitcoin is flirting with a record-high after jumping more than 90% since July. https://bloom.bg/3BuCnpT