Jordan scrambles for support ahead of today's speaker vote

House Republicans struggled to unite behind a new speaker to end a bitter civil war that has stalled their domestic agenda and thwarted action on the Israel crisis. Jim Jordan, who is backed by Donald Trump, has voiced confidence that he can get the 217 votes required to secure the speakership in a vote expected on Tuesday. Jordan spent the weekend working to move colleagues into his column and opposition to his speakership appeared to be faltering ahead of an evening meeting of House Republicans.

CAN JORDAN BREAK STALEMATE AMONG HOUSE GOP?

US stocks could get a boost from better Q3 earnings reports

U.S. stocks could get a boost from a better third-quarter earnings season, as bond yields ease. Treasury bond yields have been a strong headwind for equities in recent months. The benchmark 10-year Treasury bond yield reached 4.85% in the previous week, up from 3.50% at the beginning of the year. But they eased last week, to around 4.60%, following the war breakout in the Middle East, which further raised the demand for safe-haven assets.

Q3 EARNINGS REPORTS ARE FUELING WALL STREET RUN

Sales of smartphones continue to decrease globally in Q3

Sales of smartphones continued to shrink globally in the recently-ended quarter as consumers watched spending, market tracker Counterpoint reported on Monday. Smartphone sales fell 8%, marking the ninth consecutive quarter of decline in year-over-year comparisons, according to research by Counterpoint's Market Pulse service. The decline was "largely due to slower than expected recovery in consumer demand," the group said.

WHY APPLE'S iPHONE 15 COULD BREAK THE TREND IN Q4