| HIGH | Core Retail Sales m/m |
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USD | F:0.5% | P:1.4% |
Api crude oil stock 11.12m barrel draw vs 1.90m barrel build est.
The white house is exploring ways to acquire bitcoin through existing federal government fund inflows to expand the U.S. strategic bitcoin reserve' - binance
Anthropic says later this month, claude to integrate official voting information from democracy works for U.S. users; claude will begin showing up-to-date results on election night in the us and in the days that follow; claude will begin showing live election results & vote counts in U.S. conversations
Live on yahoo finance, fed's goolsbee says doesn't want to tie hands on monetary policy outlook; if current inflation levels hold policy would need to address that; consumers, gdp and investment levels have been strong; ai hype could cause even more tech sector investment, would risk overheating, slowdown in ai investment doesn't have to mean recession; want to keep eye on financial stability implications of ai investment
Live on yahoo finance, fed's goolsbee says is not a fan of telegraphing fed moves ahead of meetings; there is no ambiguity for fed if economy is solid and inflation is high; fed must prevent the build up of overheating; is more optimistic about outlook relative to other fed officials; evidence building inflation hasn't been transitory amid continued shocks; need to keep a close eye on service sector inflation; more bad months of inflation would unacceptable; fed will get inflation back to 2%
Live on yahoo finance, fed's goolsbee says cpi data was 'discouraging'; service inflation in cpi was a concern; key to focus on trend of inflation, not one report; hearing about cost and prices from contacts, not hearing about worries about recession; hopes energy will fade soon from inflation data; the economy has work to do the inflation side
Elon musk posts on x "starshield systems are owned and controlled by the us government. any limits on speed or USAge are decided by the us military and ultimately potus. starlink is a commercial service owned and controlled by spacex. USAge of starlink is limited to civilian or defensive activities and cannot be used for offensive military action, as doing so would be inappropriate for a commercial company."
Eight U.S. states sue openai, claiming chatgpt harms children' - reuters news
Denmark foreign ministry says if the U.S. wishes to explore the greenlandic subsoil for oil, gas and minerals, this must take place within the framework of the relevant greenlandic legislation; this does not alter the agreement of 22 september 2026 between greenland, denmark and the U.S.; the agreement does not grant investors from the U.S. any preferential treatment compared with investors from other nato countries, eu countries and nato partners when it comes to access to natural resources in greenland
Fed beige book: three districts characterized overall price growth as robust, while eight noted that growth was moderate—and three of the eight noted that input price pressures were intensifying, if not already growing robustly.
Fed beige book: most districts described little or no net change in overall employment levels; since the prior beige book, two of the twelve federal reserve districts reported moderate growth in economic activity; however, expectations tend to be for slight growth, weighted toward manufacturing and burdened by persistent uncertainties.
Major indices are trading lower as treasury yields rise and ai-related stocks extend losses following hotter-than-expected september consumer inflation data. the stronger inflation reading has fueled concerns that interest rates will remain elevated for longer, putting additional pressure on growth stocks and other rate-sensitive sectors.
Fda launches the rare disease framework initiative to develop a holistic, fit-for-purpose framework for rare disease drug development
President trump, on social media, announces U.S. secures offtake commitment from taiwan for $70b - $80b for alaska lng
Asml earnings signal strong ai demand yet stock falls, emphasizing market character shift—cpi squashes hopium
Reported earlier: 'container ship sinks near hormuz after being hit by projectile' - reuters
8 of 11 sectors fall wednesday as defensives lead
Senators question meta’s data center tax strategy; democrats on the senate finance committee sent a letter to mark zuckerberg, meta’s chief executive, questioning the company’s $6.6 billion in tax breaks' - ny times
Hot inflation flips fed’s october rate odds
Social security administration announces 3.6% cost-of-living adjustment for 2027' - cnbc
Wall street’s ‘last men standing’: the mag 7 are propping up the s&p 500, then why are your etfs at risk?
Core cpi (mom) for september 0.3% vs 0.2% est.
Cpi (yoy) for september 3.7% vs 3.6% est.
Cpi (mom) for september 0.6% vs 0.6% est.
USA core cpi (yoy) for september 2.6% vs 2.5% est.
USA cpi (yoy) for september 3.7% vs 3.6% est.
USA cpi (mom) for september 0.6% vs 0.6% est.
USA core cpi (mom) for september 0.3% vs 0.2% est.
Oman, russia and china mediating ceasefire talks with houthis, official says' - associated press
Russia can boost diesel exports to 3.5m t/month by 2026 end
U.S. military deploys new drone and communication capabilities in middle east
Iran shifting tactics to step up attacks on shipping before us vote, officials say' - reuters
Reported earlier, iea in october monthly oil report says diesel markets under significant strain as prolonged supply disruptions forced counter seasonal stock draws; september global diesel exports were 700kb/d lower yoy; q4 world oil demand forecast to fall by 2.5mb/d yoy and 2.6mb/d in 2026
Fed's bowman, speaking in thailand earlier, said it will take time to wait and see how financial markets and economy evolve following last rate hike before taking further action
Stock market today: s&p 500, dow jones futures gain as investors await september inflation report— asml, gme, unh in focus
Reuters citing iran state media reports iran's revolutionary guards say container ship sank south of strait of hormuz after hitting naval mine
Ray dalio warns us debt crisis could deepen as $2.1t in new treasury supply hits market
Taiwan says cpc makes significant progress with us developer on alaska lng, plans 6m tonnes annual purchases and up to $4.4b investment
Stock market: will s&p 500 open up or down today?
President trump posts on truth social, “massive oil, gas, and mineral exploration is getting ready to begin in our new and beautiful greenland! there are experts that are saying that the amount of easily available oil is far greater than that of almost any land, anywhere in the world and…any future attack on the united states will have to come across greenland, where our defense will routinely knock down drones, missiles, or any other form of weapon not yet even conceived"
Boston fed’s collins says she is very focused on inflation data, watching how broad price pressures are, economic uncertainty elevated
U.S. treasury's ofac announces settlement agreement with bank of america; bank of america to pay $11.66m settlement for 475 apparent sanctions violations involving russia, iran and other sanctioned parties
Federal reserve bank of boston president sUSAn collins said interest rates will likely need to rise more before the end of the year to help rein in inflation' - bloomberg news
Sheinbaum vows to buy more goods from the us to sign trade deal' - bloomberg
Israeli prime minister benjamin netanyahu and president trump last week discussed the possibility of launching a major new operation against iran before the israeli and U.S. elections, according to two U.S. officials' - axios
Bz analysis: the s&p 500 now has the highest number of stocks with a negative beta in history
U.S. treasury yields briefly move lower after comments from fed's williams; yield on 10-year treasury note last down 2.51 basis points at 5.219%; yield on 30-year U.S. treasury bonds down 3.42 basis points at 5.565%; 2-year U.S. treasury yields last flat at 4.795%
Fed's williams said there are still signs inflation will slow "quite a bit” and approach the fed’s 2% target next year' - bloomberg news
Fed’s williams currently sees no need for rate hike in 2027' - bloomberg news
Netanyahu discusses new military operation in iran with trump - even before the election