Morning Brew Daily Economic Implications of US-China Meeting & Climate Change Costs $150B a Year
Nov 15, 2023
A historic meeting between U.S. and Chinese leaders could reshape global economics and dialogue. Inflation is easing, yet climate change is costing an astounding $150 billion annually. Wall Street is feeling the pinch with lower bonuses, while new tech aims to unite Android and iMessage users. In a heartwarming story, a Maine soccer team's triumph brings hope and unity to their community following recent tragedies.
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US-China Relations
- The U.S. and China aim to reposition their relationship as a competition based on mutual respect.
- Their goal is to move away from open hostility and toward economic rivalry.
Cooling Inflation
- October's inflation data remained unchanged from the previous month, offering a potential sign of cooling inflation.
- Core inflation, excluding food and gas, rose at its slowest pace since September 2021.
Climate Change Costs
- Climate change is costing the U.S. approximately $150 billion annually, according to the National Climate Assessment.
- The report highlights increased frequency of billion-dollar extreme weather events.
