China’s Vice Commerce Minister Ling Ji told U.S. firms including Tesla and GE Healthcare that China will "continue protecting foreign businesses," even as Trump escalates the trade war.

“China has been, is, and will be an ideal, safe, and promising investment ground.”

🇩🇪 Germany’s DAX Index falls 10%.

Rheinmetall AG shares plunge 26.88%, heading for the worst trading day in company history.

European markets open in free fall.

🇫🇷 Paris opens down 6.46%
🇩🇪 Frankfurt plunges 9.15%
🇬🇧 London slides 2.99%

Landing approach of the Chinese 6th-generation fighter J-36 after completing another test flight.

IRGC Animation Forces: Pro-regime media in Iran have released an AI-generated video simulating missile strike on the U.S. base in Diego Garcia.

Pro-Israel woman was seen making throat-slitting gestures toward demonstrators at a London pro-Palestine rally.

Black Monday 1987: What Happened and Why It Mattered

On October 19, 1987, the Dow Jones crashed 22.6% — the largest single-day drop in U.S. history.

The panic quickly spread worldwide, hitting markets in Europe, Asia, and Australia.

Why It Crashed:
• Program Trading: Automated sell orders triggered a market freefall.
• Economic Fears: Rising inflation, trade deficits, and slowing growth spooked investors.
• Currency Turmoil: Confusion over U.S. dollar stabilization deals added uncertainty.
• Overvaluation: Markets had surged since 1982 — many saw a correction coming.

Aftermath:
• Central banks pumped liquidity to calm markets.
• U.S. stocks rebounded faster than expected.
• Circuit breakers were introduced to prevent future meltdowns.

The U.S.-UK “special relationship” is showing cracks in its last stronghold — intelligence cooperation.

• Trump ordered a freeze on sharing U.S. intelligence with Ukraine, even within the Five Eyes alliance.

• While allies condemned the Ukraine decision, the UK stressed ties remain “inextricably entwined.”

• But the experts say that despite the intricate nature of the relationship, it may be necessary for Britain to begin planning for the previously unthinkable if Trump’s America continues to depart from its oldest alliances and once-shared international aims.

Source: Politico

🇭🇰 BIG: Hong Kong Stock Exchange closes down 13.12% — worst drop since 1997.

End of Globalisation

U.K. Prime Minister Keir Starmer will declare the end of globalisation, saying it has failed millions, as Trump’s tariffs shake the global economy.

He will call for faster supply-side reforms and unveil pro-growth plans this week.

Starmer will reject tariffs but acknowledge why Trump’s economic nationalism resonates with voters left behind by free trade and immigration.

A No. 10 official said:

“Globalisation is over.”

Source: The Times

NEW: The new Syrian government will take full control of the wells in the Jazira region east of the Euphrates River, Deir al-Zour Governor Ghassan Ahmed said.

🇹🇼 Taiwan’s stock market closes down 9.7%, a historic record drop.

Germany’s Interior Ministry supports preparing schoolchildren for war or major crises.

Source: Handelsblatt

German Economy Minister Habeck:

EU is in a strong position to respond to U.S. tariffs.

Response must be calm and united.

🇸🇬 Singapore’s Straits Times Index falls 7.7%, biggest single-day drop in more than 16 years.

Kremlin:

A number of questions have to be answered before a ceasefire in Ukraine. No one has given us answers to our questions.

Tesla shares dropped below the price the U.S. Commerce Secretary Lutnick once claimed was “impossible” to fall beneath.

Kremlin on Iran:

Russia is ready to do everything possible to resolve the problem through political and diplomatic means.

Goldman Sachs raises U.S. recession probability estimate from 35% to 45%.

Trump:

Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place.