Rising Borrowing Costs Threaten the Wall Street Party

What you'll learn

• 1 (00:26) **Ambassador Resigns After WSJ Report** - Kimberly Gilfoyle resigns as U.S. ambassador to Greece after the White House asked her to step down, following a Wall Street Journal report that she solicited $100,000 from a Trump donor before her confirmation hearing.
• 2 (01:48) **Cornell Suspends Frat Parties** - Cornell University suspends parties at fraternity houses for the rest of the academic year amid scrutiny over a former student's rape allegations and a lawsuit filed in September.
• 3 (02:06) **Home Sales Rise, But With Caveats** - September home sales rose 1.5% from August, the first increase since May and beating analyst expectations, but the data comes with significant limitations.
• 4 (02:43) **New Mortgage Opens Doors for Landlords in Distressed Areas** - A new type of mortgage called a debt service coverage ratio (DSCR) loan is enabling investors to buy and renovate abandoned properties in low-income neighborhoods where banks traditionally avoided lending.
• 5 (07:25) **Stock Markets Slip Despite Strong Bank Earnings** - Major indexes closed lower, with the Dow down nearly 0.4%, as bank stocks dropped 1.4% even after JPMorgan, Goldman Sachs, Wells Fargo, and Citigroup reported strong third-quarter results.
• 6 (10:24) **Johnson & Johnson Weighs Spin-Out of Hips and Knees Business** - Johnson & Johnson says it's leaning toward spinning out its hips and knees division, after the WSJ reported it discussed a roughly $20 billion sale with private equity firm Apollo Global Management.
• 7 (10:52) **Six Flags Closes 10 Rides After Fatality** - Six Flags closes 10 rides across seven parks after a man died on a roller coaster in Georgia, where investigators believe he was ejected and struck other passengers before falling to his death.

+ Full timestamped outline available in the app