China’s Evergrande declared in default as restructuring looms

China’s Evergrande gets the label of ‘restricted default’ for the first time from a major credit rating agency after its 30-day grace period comes to an end. We’ll discuss what it means for the embattled company. Plus, the drama surrounding the Nord Stream 2 pipeline continues. We’ll tell you which leaders are begging Germany’s new chancellor not to give the greenlight to the project. And we’ll discuss the new wave of inflation hitting consumers as the holiday season approaches.