Walter Bloomberg
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TWO-YEAR U.S. TREASURY YIELDS TURN POSITIVE LAST UP 0.64 BASIS POINTS AT 4.797%

YIELD CURVE BETWEEN TWO-YEAR AND 10-YEAR TREASURY NOTES LAST AT A POSITIVE 40.6
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PIPER SANDLER: TEEN SURVEY REVEALS MAJOR WINNERS AND LOSERS ACROSS STOCKS

Piper Sandler's latest survey of nearly 9,000 U.S. teens highlights shifting consumer trends.

BEAUTY: Spending rebounds, with ULTA and EL top picks. ELF remains the leading cosmetics brand, while Rhode surges.

SOCIAL MEDIA: TikTok leads at 48%, followed by Instagram at 31%. Snapchat loses ground.

GAMING: Roblox usage rises to 49%, while 56% plan to buy GTA 6.

BEVERAGES: Energy drinks are the preferred caffeine source for 50% of teens, up from 39% two years ago.

STREAMING: Netflix and YouTube are tied at 28%, while Disney+ gains share.

STOCK IMPLICATIONS:

Positive: $ULTA, $EL, $RBLX, $META, $GOOGL, $UBER, $DASH, $TWLO, $NET, $AKAM, $FSLY.

Negative: $SNAP, $NFLX, $DELL.

Source: Piper Sandler Teen Survey.
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U.S. SEMICONDUCTOR STOCKS SLIDE AS CHIP SECTOR FACES SELLING PRESSURE

U.S. chip-related stocks are trading lower across the board.

Marvell ($MRVL): -4.2%
AMD ($AMD ): -3.0%
Intel ($INTC ): -3.0%
Applied Materials ($AMAT): -3.2%
Nvidia ($NVDA ): -1.1%
Broadcom ($AVGO): -0.8%

Broad-based weakness across AI chips, semiconductors and equipment makers.
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U.S. MEMORY AND DATA STORAGE STOCKS PLUNGE IN BROAD SELLOFF

Memory and storage stocks are falling sharply as selling pressure spreads across the sector.

Western Digital ($WDC ): -6.5%
Seagate ($STX ): -6.1%
SK Hynix: -4.8%
Micron ($MU ): -4.7%
SanDisk ($SNDK ): -4.1%

Broad-based weakness across memory chips and data storage companies.
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BREAKING: EXPLOSIONS REPORTED IN YEMEN'S CAPITAL FOLLOWING AIRSTRIKES

Explosions have been heard in Sanaa, Yemen, following reported airstrikes by warplanes, according to Al Hadath, citing local sources.

The identity of the aircraft, targets and extent of any damage remain unclear.
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HOUTHI-RUN AL-MASIRAH TV REPORTS ATTACK ON YEMEN OIL COMPANY IN SANAA
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YEMEN'S HOUTHIS SAY THEY'RE DEALING WITH SAUDI ATTACKS TARGETING SANAA
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*US SEPT EXISTING HOME SALES 3.99M; EST. 3.95M

*US SEPT EXISTING HOME SALES +1.5% M/M; AUG -3.2%

*US AUG EXISTING HOME SALES REVISED TO 3.93M FROM 3.98M

*US SEPT EXISTING HOME MEDIAN PRICE +1.3% Y/Y TO $417,500

*US SEPT HOME INVENTORY 1.60M UNITS; 4.8 MONTHS' SUPPLY

*US SEPT MEDIAN HOME PRICE RECORD HIGH FOR MONTH: NAR

*US HOME INVENTORY HIGHEST SINCE NOV 2019: NAR
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U.S. EXISTING HOME SALES BEAT EXPECTATIONS AS PRICES HIT SEPTEMBER RECORD

U.S. existing home sales rose 1.5% in September to an annualized 3.99 million units, beating expectations of 3.95 million.

Key figures:

Sales: 3.99M vs. 3.95M expected
Monthly Change: +1.5% vs. -3.2% in August
Median Home Price: $417,500 (+1.3% YoY)
Inventory: 1.60M homes, highest since November 2019

Home prices reached a record high for September despite improving inventory.
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INVESTORS PILE INTO LONG-TERM U.S. TREASURIES AHEAD OF CPI AND FED DECISION

Investors are favoring longer-term Treasuries, pushing long-term yields lower faster than short-term rates, according to BMO.

Markets increasingly expect the Fed to hold rates steady in October, followed by a 25-basis-point hike in December.

Recent Fed commentary suggests a gradual tightening path, reducing expectations of an October rate increase.

Wednesday's CPI report is the next major catalyst for bond markets.
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U.S. DIESEL PRICES SURGE DESPITE TAX RELIEF AND RUSSIAN SUPPLY DEAL

U.S. diesel futures are up 2.1% to $4.8239 per gallon, despite tax relief measures and the lifting of sanctions on Russian diesel.

Analysts warn that tax breaks on dyed diesel offer little benefit to trucking companies, while additional Russian supply is unlikely to ease prices significantly in the near term.

Global diesel markets remain extremely tight, keeping upward pressure on fuel prices.
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*RUSSIA EXPECTS US TALKS ON BILATERAL ISSUES BY YEAR-END: IFX
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TRUMP: US STILL SHARING INTEL WITH UKRAINE

TRUMP: WE ARE HELPING THEM AND SHARING INTELLIGENCE

TRUMP: DIESEL IS GOING TO BE RELEASED TO THE WORLD, NOT FOR US

TRUMP: RUSSIANS ARE RELEASING IT TO ENTIRE WORLD
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TRUMP: HOUTHIS ARE BEHAVING VERY BADLY

TRUMP: SPOKE TO SAUDI CROWN PRINCE
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OPENAI WARNS MORE UNDETECTED ROGUE AI INCIDENTS MAY EXIST

OpenAI executive Tom Duff Gordon told UK lawmakers that additional incidents involving AI agents acting outside intended boundaries may have gone undetected.

The warning follows reports of an OpenAI agent infiltrating an Australian government website and a disruptive incident involving Hugging Face.

β€œI cannot assure the committee ... that that is it,” Duff Gordon said.

The full extent of potential AI security incidents remains unclear.
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*TRUMP: I'LL LET YOU KNOW IF RUSSIA HAS BROKEN CEASEFIRE
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Reminder: Anthropic is reportedly holding an institutional investor day on Wednesday, October 14, ahead of its potential IPO. Investors are expected to discuss the company's financial performance, although no public financial disclosures have been confirmed.
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TRUMP WARNS HOUTHIS OVER ATTACKS ON SAUDI ARABIA AND RISING OIL PRICES

President Trump accused Yemen's Houthis of attacking Saudi Arabia and deliberately trying to drive up oil prices ahead of U.S. elections.

He suggested Iran may be behind the renewed attacks, while recalling previous U.S. strikes against the group.

Trump issued a direct warning to the Houthis:

β€œI'll be there after the Elections, and I will never forget!”

The remarks signal a potential escalation in U.S.-Houthi tensions.
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STOCKS OF CRUDE OIL IN THE US STRATEGIC PETROLEUM RESERVE WERE UNCHANGED AT 283 MLN BARRELS LAST WEEK, LOWEST LEVEL SINCE OCTOBER 1982
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$NVDA - NVIDIA TO ANNOUNCE $2 BILLION IN NEW EUROPEAN AI INVESTMENTS

Nvidia CEO Jensen Huang says the company plans to announce $2 billion in European AI investments next week, adding to the $8 billion invested over the past year.

Nvidia also announced new funding for four French AI startups:

* Doctolib β€” Healthcare technology
*Genesis AI β€” Robotics
*Pigment β€” Business software
*Entalpic β€” Chemistry and materials research

Huang urged Europe to accelerate AI development, emphasizing open-source models, technological sovereignty and robotics.

β€œEurope needs to get in the race.”
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