(Bloomberg) --
Good morning Americas. Here's the latest news and analysis from Bloomberg Economics to help get your day started:
- U.S. financial regulators led by the Treasury's Steven Mnuchin and the Federal Reserve's Jerome Powell have been put on notice about the risk of an economically damaging cash crunch in the $11 trillion home mortgage market
- President Xi Jinping stressed China's commitment to the global trading order as his trade negotiators wrangle with the U.S. over rolling back punitive tariffs ahead of a phase one deal
- Sharp divisions between the rich and poor are fueling a global wave of unrest -- but that's just one of the grievances driving people onto the streets, according to a leading scholar of economic inequality
- When Christine Lagarde calls on governments to aid the euro-zone economy by spending more, the new European Central Bank president has an added incentive
- Bloomberg Economics has built an index of uncertainty, and the main takeaway for Europe is -- the rise in uncertainty has been a key factor in pushing growth below potential and forcing the ECB into a fresh round of easing
- The U.K.'s dominant services sector flatlined in October, the only part of the economy not to contract amid continued Brexit uncertainty
- Turkish President Recep Tayyip Erdogan has a lot to show for installing a new central bank governor after firing his predecessor for not lowering interest rates
- Finally, here why's Brazil's massive tax code may face a moment of reckoning
To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net
To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Zoe Schneeweiss
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