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Amazon raises its minimum wage from $7.25 to $15 dollars which increases the income of all employers within the company. The increase of the income would lead to a outward shift of the Demand Curve.

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amazon announces $15 minimum wage for all us employees - cnn

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Amazon announces $15 minimum wage for all US employees

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Amazon is raising its minimum wage to $15 an hour for all US employees.

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Since the trade war between China and the United States began, the number of the consumers for both economy would decrease and leads to a inward shift of the Demand Curve.

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President Donald Trump is trying to "de-globalize" the U.S. and Chinese economies, the former head of the World Trade Organization (WTO) told CNBC on Monday.

Trump has imposed tariffs on Chinese goods since the start of the year in an attempt to reduce the U.S.'s trade deficit. The controversial policy is intended to reduce the attractiveness of Chinese products, given that they become pricier with tariffs imposed on them. But the decision to impose tariffs on China has led to retaliatory measures from Beijing, which has also increased the price of U.S. imported goods for Chinese consumers.

The ongoing dispute will make both economies less "entwined" and thus less globalized, Pascal Lamy,former director-general of the WTO told CNBC's "Squawk Box Europe."

"The U.S. is trying to push back on China and Donald Trump's view is that the U.S. and the Chinese economy are too much together, and they need to be more separated. The purpose is a sort of de-globalization of the U.S. and China, which he thinks it is necessary to contain China's rise," Lamy, who is President Emeritus of think tank, the Jacques Delors Institute, said.

He explained that this separation between the Chinese and the U.S. economies "will have trade consequences."

"My own expectation is that these economies will be disentangled slowly but surely ... We will have a less homogenous globalization, that's the real issue, which we have to take care of in the short-term," he added.

Lamy believes that globalization will remain a dominant feature of global trade, and it will involve the U.S. and China -- but not the two countries together. For instance, the U.S. will still look to be close to the European Union in terms of trade. The Trump administration also agreed last week to a newly-revised version of a trade deal with Canada and Mexico.

Lamy said domestic attitudes towards global trading relations had changed in the last decade. "The mood has changed from where it was 10 years ago on opening trade. I think the main feature of that is not a trade issue, it is a domestic issue," he said.

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Trump is trying to 'de-globalize' the Chinese and US economies, former WTO chief says

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President Donald Trump is trying to "de-globalize" the U.S. and Chinese economies, the former head of the World Trade Organization (WTO) told CNBC on Monday. Trump has imposed tariffs on Chinese goods since the start of the year in an attempt to reduce the U.S.'s trade deficit.

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The large explosion at Canada’s largest oil refinery cause the demand for oil raise up, since consumers would expect a shortage of Oil production.

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Canada's Largest Oil Refinery Reports 'Major Incident'

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A "major incident" happened Monday at Canada's largest oil refinery in Saint John, New Brunswick, said Irving Oil Ltd., which owns and operates the plant, with local media reporting a "bed-shaking" explosion and huge fire.

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The information leaks from Google about its new tablet would decrease the demand for Ipad and other substitute products.

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Why it matters: Leaked renders of the Google Pixel Slate tablet show stereo speakers, a USB-C port, no headphone jack and a blue detachable keyboard. They also suggest it will be coming with a Pixel pen in a new blue color and possible cellular connectivity.

Leaks from Google's October 9 th event are common as dirt. At this rate, Google might as well just cancel the event seeing as we know everything. Since before the Pixel Slate name was even leaked, we knew the device (codenamed Nocturne) would have a 3000 x 2000 screen, up to 16GB of RAM, and come packing an Intel i7 processor and support for NVMe storage.

Through four entries onto Geekbench 4, it was discovered that the i7 was the i7-8500Y with 2 cores, a base clock of 1.5Ghz and boost of 4.2Ghz, a 4MB cache and a 7W TDP. While the i7-8500Y only launched this quarter, it's already known that the chip is not as powerful as one might expect - only achieving roughly 8050 points in Geekbench multicore and 3750 in the single core benchmark.

That's roughly on par with the cheaper Microsoft Surface 5 results, but it's 15% worse than the current iPad Pro, a device the Slate is expected to compete with.

It's a tough battle between the three devices as to which has the most features - the Pixel Slate has a fingerprint scanner like the iPad Pro while the Surfaces have facial recognition. The Slate has a slightly higher resolution, but can't match the 120Hz refresh rate of the iPad Pro. The Slate and Surface Pro are configurable to 16GB of RAM, but the iPad Pro caps out at 4GB. And of course, only the Surface and Slate's keyboards have trackpads.

Your preference might also be based on the operating system, seeing as the Pixel Slate is running ChromeOS, something pretty new to the tablet scene. Fortunately, it's expected to support Android apps, and possibly other Linux apps. The one thing we don't know about the Pixel Slate is pricing, so unless there are even more leaks (entirely possible at this rate), it seems we will be waiting for something on October 9 th.

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New details and images leak of Google's upcoming Pixel Slate tablet

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Leaks from Google's October 9th event are common as dirt. At this rate, Google might as well just cancel the event seeing as we know everything. Since before the Pixel Slate name was even leaked, we knew the device (codenamed…

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The expectation of the heavy rain would increase the demand for umbrella and other rain-related products.

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A tropical depression strengthened Sunday into Tropical Storm Michael, which the National Hurricane Center (NHC) said could bring heavy rainfall and flooding to Mexico, Cuba and the U.S. Gulf Coast. The hurricane center said the storm could produce rain accumulations of 2 to 4 inches across the Florida Keys through Monday and could become a hurricane by Monday night or Tuesday.

Gov. Rick Scott issued a state of emergency for 26 counties in the Florida Panhandle and the Big Bend area, where winds in those areas could reach more than 100 mph. Scott said the storm could turn into a Category 2 hurricane by the time it makes landfall midweek.

Scott activated 500 National Guard troops to help with planning ahead of the storm. Another 5,500 were available if needed.

"This storm will be life-threatening and extremely dangerous," Scott said in a briefing Sunday. "Every family must be prepared."

A tropical storm warning is in effect for the Cuban provinces of Pinar del Rio and the Isle of Youth. There's also a warning in effect for the coast of Mexico from Tulum to Cabo Catoche. The storm could bring rainfall totals of 3 to 7 inches over western Cuba and 2 to 4 inches over the Yucatan Peninsula and Belize through Tuesday.

The storm was located 105 miles southeast of Cozumel, Mexico, and had maximum sustained winds of 50 mph, moving north-northeast at 3 mph, the NHC said in its 8 p.m. ET advisory. Michael's center will move over the Yucatan Channel on Monday and then across the eastern Gulf of Mexico late Monday through Tuesday night, and approach the northeastern Gulf coast Wednesday.
Peter Martinez contributed to this report.

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Tropical Storm Michael could bring heavy rainfall to Mexico, Cuba, Gulf Coast

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A tropical depression strengthened Sunday into Tropical Storm Michael, which the National Hurricane Center (NHC) said could bring heavy rainfall and flooding to Mexico, Cuba and the U.S. Gulf Coast. The hurricane center said the storm could produce rain accumulations of 2 to 4 inches across the Florida Keys through Monday and could become a hurricane by Monday night or Tuesday.