The United Nations Headquarters in New York.
Photo by Dario Cantatore—Getty Images
By Ben Geier
September 23, 2014

Good morning, friends and Fortune readers.

U.S. stock futures are lower Tuesday as the U.S. starts airstrikes targeting Islamic State militants in Syria. That could overshadow the climate change summit happening in New York at the United Nations. Here’s that and what else you need to know in business today.

1. Markets are down worldwide

The instability caused by war is generally not a good thing for financial markets, and today is proving no different. Markets in France, Germany and the U.K. are all down. With the U.S. leading the Syria airstrikes, look to see how the U.S. market looks when trading opens this morning.

2. Climate change talks at the U.N.

The past two days of protest have led up to this, the summit at the United Nations about climate change. Executives from a number of Fortune 500 companies will be there, in addition to world leaders, including President Obama. Look for some of the executives to talk about green initiatives; it’s up to you to decide which are for real and which are full of hot air.

3. Will Bed Bath and Beyond get soaked?

Like other retailers, the home furnishings retail chain is struggling. Last quarter, its earnings per share were flat from the year prior. With back-to-school and back-to-college shopping taking place in August, will this quarter show any improvement? Cruise company Carnival and Herbalife are also due to report results Tuesday.

4. Google is going Dutch

Over the next four years, Google will be building a $773 million data center in the port of Eemshaven in The Netherlands. Construction will start in 2016, and it’s expected the data center will be operational by the next year. According to Datacenter Dynamics, Google already has one facility close to this one, and others in Belgium, Finland and Ireland.

5. Jimmy Choo’s playing FTSE

Carrie Bradshaw’s favorite designer is heading to London. Luxury shoe company Jimmy Choo will float “at least 25%” of its equity on the London Stock Exchange in October, according to its owners. Are we surprised that the company has chosen the home of the FTSE index (informally, the “footsie”) for its listing?


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