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Advance US News Diary

October 17-23: Debate season continues, UK in turmoil, EU leaders’ summit

October 14, 2022
  • Slice 1

A look ahead at the key events leading the news agenda next week, from the team at Foresight News. Delivered to your inbox on Fridays.

Leading the week 

Debate season continues apace with a host of interesting matchups next week. On Monday (October 17) there are several debates of note, including: in Georgia’s gubernatorial race between Governor Brian Kemp and Democrat Stacey Abrams, who has been consistently trailing Kemp in polls despite early hopes of a serious challenge; in the key Ohio Senate contest between JD Vance (R) and Rep. Tim Ryan (D), which follows last week’s unedifying first debate between the pair; and in the unusual Utah Senate race between Senator Mike Lee (R)and Evan McMullin (I), who is looking to stitch together a coalition of independents, Democrats, and Republicans disaffected with Lee’s pro-Trump stance.

Marco Rubio
Marco Rubio will debate his challenger Val Demings for the first time on Tuesday

Tuesday (October 18) sees Minnesota Governor Tim Walz (D) debate Scott Jensen (R), whose campaign appears to be faltering, as well as the first debate between Florida Senator Marco Rubio (R) and Rep. Val Demings (D), with some arguing that Demings maintains a decent chance despite Rubio’s lead in the polls. Lastly, on Wednesday (October 19) there’s a debate in Oregon’s surprisingly interesting three-way gubernatorial contest.


Looking abroad 

The economic story in the UK will continue to make international waves next week as markets and lawmakers react to recent developments. Chancellor Kwasi Kwarteng was fired this morning before Prime Minister Liz Truss used the briefest of press conferences to announce a U-turn on a corporation tax freeze that had been one of her flagship policies just three weeks ago.

The markets didn’t have long to respond to the announcement as well as the end of the Bank of England’s gilt-buying program today before they closed at 4:30pm BST, so keep an eye on reopening at 8am on Monday (October 17) for more clarity – there was evidence this morning that markets had already priced in the U-turn, so there’s likely to be yet more turmoil if Truss hasn’t done enough to encourage stabilization. Prime Minister’s Questions on Wednesday (October 19) in the House of Commons, meanwhile, is once again shaping up to be a must-watch session for political junkies.

Liz Truss speaking outside Downing Street
It remains unclear whether Liz Truss can calm financial markets or dissenters within her party following Friday’s moves

EU leaders gather in Brussels on Thursday and Friday (October 20-21), with Ukraine, energy, and economic issues top of the agenda. The European Commission is expected to present yet more proposals on a bloc-wide agreement to lower skyrocketing energy prices ahead of the summit, after an informal gathering in Prague last week failed to yield a consensus. Leaders are looking to find a common approach to the problem, with most discussions focused on a potential cap on gas prices. Germany has raised hackles across the EU by opposing a cap while also borrowing €200 billion to fund a domestic support package, which critics say threatens the single market’s unified approach by taking measures poorer countries can’t follow.

A new proposal backed by Germany and the Netherlands, which doesn’t include a price cap but does feature a new benchmark price for liquefied natural gas and plans for joint gas buying, made its way to energy ministers this week. Members are considerably more united on Ukraine, having just agreed on a military training assistance mission on Wednesday, and are likely to discuss further support following calls from President Volodymyr Zelensky for more air defense systems and rebuilding funds ahead of an October 25 reconstruction conference in Berlin. 


 

Also look out for...

October 17

Iowa gubernatorial debate 

EU foreign ministers meet in Luxembourg 

NATO nuclear deterrence exercise Steadfast Noon begins 

Soccer player Neymar goes on trial for fraud in Spain

October 18

Gubernatorial debates in Minnesota and Illinois 

Debate in Georgia Secretary of State race 

LA City Council meets to elect new president following racism scandal 

Liz Cheney speaks at Harvard University 

NBA season opens

October 19

Mike Pence speaks at The Heritage Foundation and Georgetown University during DC visit 

Donald Trump due to be deposed in defamation case over rape allegation denial

New Hong Kong chief executive delivers first policy address

October 20

Joe Biden heads to Pennsylvania

Massachusetts gubernatorial debate 

Oklahoma inmate Benjamin Cole due to be executed

October 21

Stephen Bannon sentenced in contempt of Congress case 

Arkansas gubernatorial debate 

New Taylor Swift album released

October 23

California gubernatorial debate 

Washington Senate debate 

Emmanuel Macron addresses Rome peace conference 

Slovenia holds presidential election

Statistics, Reports and Results

October 17

Results from: Bank of America, BNY Mellon

October 18

NAHB/Wells Fargo Housing Market Index 

Industrial production figures (G.17)  

China quarterly GDP 

Results from: Netflix, Johnson & Johnson, Roche, Hasbro

October 19

New Residential Construction 

Beige Book 

EU inflation statistics 

UK Consumer Price Indices 

Results from: United Airlines, Procter and Gamble, Alcoa, IMB, Tesla, Nestlé

October 20

Existing Home Sales

Indonesia and Turkey announce interest rate decisions 

Results from: AT&T, Union Pacific, Dow, Ericsson, Nokia, L'Oréal

October 21

Results from: Verizon, American Express, Schlumberger, Renault, InterContinental

Anniversaries and Awareness Days

October 17

International Day for the Eradication of Poverty 

Five years ago: fall of IS ‘capital’ Raqqa announced

October 18

Anti-Slavery Day 

World Menopause Day 

100 years ago: BBC founded

October 22

World Energy Day 

International Stammering Awareness Day

October 23

Republic Day (Hungary)

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