Trump set for key trade talks with European leader

Yahoo Finance’s Alexis Christoforous, Dion Rabouin, Melody HahmJared Blikre and Ethan Wolff-Mann discuss today’s big stories.

Some of today’s topics include:

  • Markets sliding with Trump set to talk trade with European Commission leader
  • GM cuts 2018 outlook, warns of rising cost
  • Fiat Chrysler mourns its late CEO as sales slide
  • Hilton reports earnings in-line with estimates
  • Facebook’s top lawyer exiting company
  • Northrup Grumman reports Q2 earnings beat
  • Trump calls FCC’s blocking of SinclairTribune merger ‘disgraceful’
  • Amazon reportedly building new S Africa office to compete with Microsoft
  • Millennials prefer cash as long-term investment: Survey
  • New robot dogs set to hit the market next year

  • Alleged serial killer Bruce McArthur waives right to preliminary hearing
    News
    The Canadian Press

    Alleged serial killer Bruce McArthur waives right to preliminary hearing

    Alleged serial killer Bruce McArthur was ordered Monday to stand trial on eight counts of first-degree murder after he waived his right to a preliminary hearing in a rare legal move. The 67-year-old self-employed landscaper, who is accused of killing eight men with ties to Toronto's gay village, shuffled to the prisoner's box in a packed Toronto courtroom, his head bowed and avoiding eye contact with the family members of his alleged victims. Looking significantly different from when he was arrested in January — having lost weight, shaved his goatee and cropped his hair short — McArthur said nothing while his lawyer, James Miglin, confirmed his client's agreement to skip the preliminary inquiry.

  • Canada deemed U.S. a safe country for asylum seekers after internal review
    News
    The Canadian Press

    Canada deemed U.S. a safe country for asylum seekers after internal review

    Canadian immigration officials have determined that the United States remains a safe country for asylum seekers, despite the Trump administration's crackdown on what it terms illegal aliens. Documents obtained by The Canadian Press under access-to-information law show Canada was concerned about the changes in U.S. immigration policy and conducted a review of its Safe Third Country agreement with the U.S. from January to March of 2017.

  • North Korea bought at least $640 million in luxury goods from China in 2017, South Korea lawmaker says
    News
    Reuters

    North Korea bought at least $640 million in luxury goods from China in 2017, South Korea lawmaker says

    The United States has urged strict implementation of sanctions as part of a "maximum pressure" campaign which Washington has credited with bringing impoverished North Korea to the negotiating table. "Kim has bought lavish items from China and other places like a seaplane for not only his own family, and also expensive musical instruments, high-quality TVs, sedans, liquor, watches and fur as gifts for the elites who prop up his regime," opposition lawmaker Yoon Sang-hyun said in a statement. "With the growing loophole, Kim would be able to near his goal of neutralizing sanctions soon without giving up the nuclear weapons." Last year, North Korea spent at least $640 million on luxury goods from China, according to Yoon.

  • The Lunchtime Lowdown - Your midday update for Oct. 22
    Yahoo Canada Original Videos

    The Lunchtime Lowdown - Your midday update for Oct. 22

    Here's what traders are talking about today.

  • Outcomes of 10 Ontario municipal races to watch
    News
    The Canadian Press

    Outcomes of 10 Ontario municipal races to watch

    Voters across Ontario cast ballots Monday to elect their next municipal governments. The veteran politician secured a significant lead over his main challenger, former chief planner Jennifer Keesmaat. Patrick Brown, the former leader of Ontario's Progressive Conservatives, made a political comeback after snatching the mayoralty from incumbent Linda Jeffrey in this city northwest of Toronto. Brown was forced to give up the party reins in January amid allegations of sexual misconduct he denies, months before the Tories went on to win a majority under Ford.

  • Accused Fredericton shooter proclaims innocence due to temporary insanity
    News
    CBC

    Accused Fredericton shooter proclaims innocence due to temporary insanity

    The man accused of killing two police officers and two civilians in a shooting spree in Fredericton in August interrupted his court proceedings Monday to proclaim his innocence citing temporary insanity. Matthew Vincent Raymond, 48, appeared in provincial court with his lawyer, who said he's still awaiting some disclosure from the Crown and needs more time to review the material. While his lawyer was speaking to Judge Julian Dickson, Raymond told the court from the prisoner's box that he had something important to say.

  • Stage set for showdown in New Brunswick's closely divided legislature
    News
    The Canadian Press

    Stage set for showdown in New Brunswick's closely divided legislature

    The New Brunswick legislature opens Tuesday with the election of a Speaker and a throne speech, but the Tories say the Liberals' days are numbered. Premier Brian Gallant says his minority Liberal government has listened to the message sent by voters in last month's election and will present a throne speech that incorporates many of the opposition parties' campaign pledges. The Liberals won just 21 seats — one fewer than the Progressive Conservatives, while the Green and People's Alliance parties each won three.

  • Abbott uses skills as a master storyteller in 'Three Beths'
    News
    The Canadian Press

    Abbott uses skills as a master storyteller in 'Three Beths'

    In "The Three Beths" by Jeff Abbott, Mariah Dunning has wondered about her mother's disappearance for six months. Mariah's father is suspected of killing Beth Dunning and hiding her body, but swears he's innocent. One day at the mall, Mariah sees her mother wearing dark sunglasses, and when Mariah confronts her, she flees.

  • Indiana museum to tell story of basketball great Larry Bird
    News
    The Canadian Press

    Indiana museum to tell story of basketball great Larry Bird

    A museum is being planned to tell the story of basketball great Larry Bird, an Indiana native. Indiana Gov. Eric Holcomb announced Saturday that the museum will be located in a new convention centre that's being built in Terre Haute in western Indiana. The Tribune-Star reports Bird plans to donate personal items and memorabilia from his career with the Boston Celtics, Indiana State University, the U.S. Olympic team and beyond.

  • Imperial Oil restarts Norman Wells crude output after pipeline repairs
    News
    CBC

    Imperial Oil restarts Norman Wells crude output after pipeline repairs

    Imperial Oil Ltd. has restarted oil production at Norman Wells in the Northwest Territories almost two years after being forced to suspend shipments on a pipeline threatened by slope stability concerns at a Mackenzie River crossing near Fort Simpson. The Calgary-based company says it has been shipping oil from storage since last month on Enbridge Inc.'s Line 21 pipeline, which extends from Norman Wells into northern Alberta.

  • Norwegian hero Roenneberg who blew up Nazi plant dies at 99
    News
    The Canadian Press

    Norwegian hero Roenneberg who blew up Nazi plant dies at 99

    Norway on Monday mourned World War II saboteur Joachim Roenneberg, who headed a five-man team that daringly blew up a plant producing heavy water, depriving Nazi Germany of a key ingredient it could have used to make nuclear weapons. Prime Minister Erna Solberg said Roenneberg, who died Sunday at 99, was "one of our finest resistance fighters" whose "courage contributed to what has been referred to as the most successful sabotage campaign" in Norway. Roenneberg, then 23, was tapped by the Special Operations Executive, or SOE — Britain's war-time intelligence gathering and sabotage unit — to destroy key parts of the heavily guarded plant in Telemark, in southern Norway, in a raid in February 1943.

  • EU eyes Brexit customs deal to break Irish deadlock: sources
    News
    Reuters

    EU eyes Brexit customs deal to break Irish deadlock: sources

    Accounts of how British and EU negotiators came close to a deal on Oct. 13 focus on how Prime Minister Theresa May balked at an EU demand for a "backstop" clause. This could put Northern Ireland in a special relationship with the EU that might distance it from the British mainland to avoid putting up customs posts on Britain's only EU land border, with Ireland. EU diplomats briefed on the negotiations said a vital part of a complex package was to "anchor" a reference in the legally-binding withdrawal treaty to May's proposal to keep the whole of the United Kingdom in a customs partnership with the EU -- thus avoiding special treatment for Northern Ireland.

  • 'It's really limited my ability to feel': Former inmate recalls time in solitary confinement
    News
    CBC

    'It's really limited my ability to feel': Former inmate recalls time in solitary confinement

    Gavin Annett spent months in an eight-by-10-foot segregation cell at the Edmonton Institution, with only a mail slot-sized window to view out into the hallway. After a while it became more difficult to leave solitary confinement than to go back in. "You become so removed from people that being around people almost becomes unbearable," said Annett, who was released from incarceration earlier this year.

  • Michael Caine looks back in 'Blowing the Bloody Doors Off'
    News
    The Canadian Press

    Michael Caine looks back in 'Blowing the Bloody Doors Off'

    Michael Caine has been looking back, and on the whole he likes the view. The 85-year-old star of "Alfie," ''Get Carter" and "The Dark Knight" — among many, many others — reminisces fondly in "Blowing the Bloody Doors Off," whose title adapts a line from his 1969 heist caper "The Italian Job." Being published Tuesday in the United States by Hachette, it's part memoir, part advice manual for aspiring actors and anyone else nursing an elusive dream of success. Caine knows he has been extremely fortunate.

  • New Brunswick village removes 'straight pride' flag amid backlash
    News
    CBC

    New Brunswick village removes 'straight pride' flag amid backlash

    Residents in a central New Brunswick village are seeking an apology from officials who allowed a "straight pride" flag to be raised in the centre of town. The appearance of the flag, which was taken down after almost a full day, was met with outrage from some residents, but the man who helped raise it says it wasn't meant to hurt the LBGT community of Chipman, a village of some 1,100 people, about 60 kilometres east of Fredericton. "We are not against the gay pride people at all," Bishop said.

  • Don't call it a crisis: Nathan Fillion explores 'mid-life change' in 'The Rookie'
    News
    The Canadian Press

    Don't call it a crisis: Nathan Fillion explores 'mid-life change' in 'The Rookie'

    TORONTO — Nathan Fillion is at the downtown CTV headquarters, talking about his new series "The Rookie," when he stops mid-sentence to react to police sirens wailing outside.

  • 'It's devastating': Barge cancellation taking a toll on Kugluktuk business, residents
    News
    CBC

    'It's devastating': Barge cancellation taking a toll on Kugluktuk business, residents

    The community of Kugluktuk, Nunavut, received its first freighter flight of goods on Saturday from the recently cancelled Marine Transportation Services (MTS) barge — a relief for residents, but one that has not alleviated concerns or confusion in the community. Earlier this month, the Northwest Territories government, which owns MTS, announced the annual barge would not make it to Kugluktuk and Cambridge Bay, Nunavut, and Paulatuk, N.W.T., because of poor ice conditions. For extremely remote communities like Kugluktuk, the annual barge is a lifeline that brings in much needed goods, food and vehicles.

  • Grisham takes readers on journey to Deep South in new novel
    News
    The Canadian Press

    Grisham takes readers on journey to Deep South in new novel

    Author John Grisham takes readers on a journey to the Deep South in 1946 in "The Reckoning." The main character, Pete Banning, was a prisoner of war in World War II. He was presumed dead at one point, so when he came home, the entire town celebrated. Grisham takes a snapshot of a chaotic time and showcases the world of law and the lack of equality for everyone and wraps it in a family-saga package.

  • Hull restaurants grapple with multi-day boil water advisory
    News
    CBC

    Hull restaurants grapple with multi-day boil water advisory

    Businesses in Gatineau's Hull sector are grappling with the realities of a lengthy boil-water advisory as the city upgrades its water treatment plant. The advisory started Saturday as part of a three-year, $68 million project to modernize the boulevard de Lucerne treatment plant. At the Gainsbourg bistro and craft brewery, co-owner Nicolas Cazelais​ said he decided to remain open during the advisory — with a few precautions.

  • City of Calgary says it's prepared for Canada Post labour dispute
    News
    CBC

    City of Calgary says it's prepared for Canada Post labour dispute

    The city is making special arrangements in case the rotating strikes against Canada Post in several cities, including Edmonton, hit Calgary. A private courier service will be used to ensure that critical materials get to people and businesses, the City of Calgary said in a news release. Payments to the city for utility bills (Enmax, Water Services, and Waste & Recycling Services), animal licences, property and business taxes, and corporate invoices can also be made at most banks in person, through the bank's online or telephone banking systems, or online at enmax.com for Enmax bills.

  • Mega Millions players would spend $1.6B on bills, charity
    News
    The Canadian Press

    Mega Millions players would spend $1.6B on bills, charity

    With the Mega Millions lottery jackpot at a record $1.6 billion, people are snapping up tickets across the U.S. The Powerball jackpot also has climbed. From San Diego to New York, people are dreaming of how they would spend the money should they beat the astronomical odds of winning.

  • Uber, Ola drivers strike in India, demanding higher fares
    News
    Reuters

    Uber, Ola drivers strike in India, demanding higher fares

    Fuel prices in India have risen more than 20 percent since the start of the year but drivers say fares have not grown at the same rate, making it difficult for them to meet expenses despite working longer hours. "The companies don't understand the issues drivers face ... they have reduced fares when they should be paying a higher rate," said Sunil Borkar, secretary at Mumbai taxi drivers' union Maharashtra Rajya Rashtriya Kamgar Sangh. Borkar said there have been calls from some drivers for an indefinite strike in Mumbai until demands for higher fares are met.

  • Making space for Scotty: Royal Sask. Museum hosts online auction
    News
    CBC

    Making space for Scotty: Royal Sask. Museum hosts online auction

    As the Royal Saskatchewan Museum (RSM) makes room for a new permanent prehistoric resident, you can own a little piece of Saskatchewan's history. A replica of Scotty, the 65 million year old Tyrannosaurus Rex skeleton found near Eastend, Sask., is set to come to the RSM in May of next year. An exhibit of that size will take up a lot of room — so much that the museum is hosting an auction of some exhibits to make space.

  • 'Shark Tank' backs late 9-11 cleaner's idea, pitched by kids
    News
    The Canadian Press

    'Shark Tank' backs late 9-11 cleaner's idea, pitched by kids

    The sharks on "Shark Tank" are supporting an invention created by a New York City firefighter who died of cancer after helping clean up the aftermath of the Sept. 11 attacks. Kevin Young's children on Sunday pitched his Cup Board Pro, a chopping block that features a detachable bowl for cleanup. The panel decided to invest $100,000 in the project and pledged to donate any proceeds to support firefighters who have illnesses related to the Sept. 11 attacks.

  • Hawkesbury fire department's performance 'substandard' in fatal fire
    News
    CBC

    Hawkesbury fire department's performance 'substandard' in fatal fire

    The performance of the fire department in Hawkesbury, Ont., during a retirement home fire that killed an elderly couple was "substandard" and "inadequately managed," according to the findings of an internal police report. The report, commissioned by the Ontario Provincial Police and obtained by CBC News under a freedom of information request, concerns how the department responded to the May 25, 2012 fire at Place Mont-Roc at 100 Industriel Blvd. The fire's cause is still under investigation by the Ontario Fire Marshal's office, but the OPP's crime unit commissioned CFT Engineering Inc. to provide their own analysis.