Global news you need to know before the U.S. stock market opens on Tuesday

ADP weekly employment data: For the four weeks ending November 1, the average weekly decrease in private sector employment in the United States was 2,500. The number of initial jobless claims in the week of October 18 in the U.S. was 232,000, with the government shutdown causing the official report to remain absent. Bank of Japan Governor Kazuo Ueda informed Seiko Noda that the Bank of Japan will continue to raise interest rates cautiously. Morgan Stanley raised its expectations for TSMC's CoWoS capacity, predicting an expansion of over 20% by 2026 to keep up with the growth in 3nm capacity. Apple's sales in China surged 37% in October, reaching a new market share high since 2022. Baidu's Q3 revenue was 31.17 billion yuan, with AI business revenue growth exceeding 50%, and the global service volume of Luobo Kuai Pao increased by 212% year-on-year. Xiaomi's Q3 adjusted net profit increased by 80.9% year-on-year to a record high, with electric vehicles and AI-related businesses achieving operating profitability for the first time in a single quarter. Xiaomi's Lu Weibing: Xiaomi Auto will complete its annual delivery target ahead of schedule this week, and gross margins are expected to decline next year. PDD's Q3 revenue growth slowed to 9%, with net profit increasing by 17% year-on-year, and management warned that financial volatility will continue. PDD's Q3 conference call: Reiterated "long-term value," warned that this quarter's profits are not indicative, and future performance may fluctuate. BOSS Zhipin's Q3 revenue grew by 13.2% year-on-year, with net profit increasing by 67.2%. Bitcoin fell below $90,000 during trading. Ethereum fell below $3,000. The White House is reviewing new regulations: plans to tax U.S. citizens' overseas cryptocurrency assets. Nikkei 225 closed down 3.2%, Shanghai Composite Index closed down 0.81%; Hang Seng Index closed down 1.72%