China's October CPI rose 0.2% year-on-year, compared to an expected -0.10% and a previous reading of -0.30%.

1. Auction to be held for oil and gas exploration rights in the Gulf of Mexico – Trump will auction off oil and gas exploration rights across the entire Gulf of Mexico next month. 2. Reiterates claim of excellent inflation and economic conditions – Trump: Inflation is at a perfect level. No country can match the United States economically. 3. Accuses Pelosi of "illegally amassing wealth" in the stock market—Trump called former House Speaker Nancy Pelosi a "politically inept person" and a "disaster for America," accusing her of illegally accumulating wealth in the stock market. 4. Allows Hungary to purchase Russian oil—Hungarian Prime Minister Viktor Orbán visited the White House on the 7th and met with US President Trump. US government officials subsequently confirmed that Hungary's purchases of oil and gas from Russia will be exempt from US sanctions for one year. 5. Allowed to temporarily withhold full food aid payments—US Supreme Court Justice Katangy Brown Jackson issued an emergency order temporarily halting a lower court ruling requiring the Trump administration to fully distribute Supplemental Nutrition Assistance Program (SNAP) benefits in November. 6. Hopes to meet with Putin Trump: I hope to continue meeting with Putin in Budapest. We agree that the Russia-Ukraine conflict will end in the near future. A meeting with Putin is under discussion. The Hungarian Prime Minister stated that a meeting between the Russian and US leaders will be held when conditions are ripe, and Hungary is ready to host it. 7. Trump Reiterates Call to Abolish Lengthy Debates —Trump has reiterated his call to abolish lengthy debates in the Senate. He posted on social media, “Republicans, abolish the Senate’s lengthy debate process and revive the American Dream! If you don’t act, the Democrats will beat you to it, and you will forever lose the opportunity to govern!” 8. Indicates Government Shutdown Duration Depends on Democrats —Trump: I don’t know how long the government shutdown will last. The duration of the shutdown depends on the Democrats. He also stated that it is time for Republican senators to stop playing games with the radical left-wing Democrats, immediately end the obstruction of proceedings, immediately reopen the government, and pass some great legislation based on common sense!

China's October CPI rose 0.2% month-on-month, down from 0.1% in the previous month.