European Central Bank President Christine Lagarde will step down from her post several months early, in order to have more "freedom to engage on matters that are not monetary policy." The comments will fuel speculation about her future plans, ahead of a presidential election in her native France. The resignation also sparks a succession race, as Europe faces a turbulent fiscal future. Also in the show - oil giant TotalEnergies reports record profits as the EU warns on household energy bills.

The economy is the number one issue for most American voters, as they worry about high food and energy costs. But can the results of November's midterm elections really impact the cost-of-living crisis? "There isn't a ton that anyone can do about it, regardless of who wins the midterms," says Greg Ip, chief economics commentator at The Wall Street Journal.