U.S. stocks and commodities are trading lower, with the Russell, Nasdaq, S&P, and Dow all down by more than 1%. Hard commodities like copper and crude oil are also lower, and Bitcoin is down significantly. The dollar is slightly higher, while U.S. Treasury yields are lower. This comes after weaker-than-expected employment and sentiment data from the UK, Germany, and the Eurozone. A major event to watch is a scheduled speech by Federal Reserve Chair Jerome Powell on "Economic Outlook and Monetary Policy." Other Fed officials and the Bank of England governor are also speaking. The release of the New York Empire State Manufacturing Index is expected tomorrow, and the US CPI data has been rescheduled due to the government shutdown. Two companies, Hancock Whitney Corp and Koru Technology, are reporting earnings after the market closes today, with several others, including Bank of America and Morgan Stanley, reporting tomorrow.